THE JONATHAN FOUNDATION Registered Charity Number- 1211845 TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS For the period from 23 january 2025 to 30 September 2025 CONTENT: Trustees. Annual ReEx)rt Financial Statements.. Statement of Financial Activities (SOFA) Balance Sheet Notes to the Financial Statements Reference and Administrative Details li
THE JONATHAN FOUNDATION Registered Charity Number: 1211845 TRusfEES' ANNUAL REPORT AND FINANCIAL STATEMENTS For the period from 23 january 2025 to 30 September 2025 TRUSTEES. ANNUAL REPORT Structure. Governance and Management The lonathan Foundation [UK) is a Charitable Incorporated onISatiOn (CIO) registered with the Charity CoMmi10n for Engjand and Wales. The charity is governed by its Constitution and managed by its Board ofTStee Trnstees are responsible for the strategic direction of the charity, safeguarding its assets, ensuring compliance with applicable legislation and overseeing financial management and risk Objectives and Pvblic Benefit The charity's objects are.. To promote the advancement of education in Rwanda particularly in primary and secondary schools, by supporting the development and enhancemeni of educational facilities. and by advocating for and enabling opportunities that allow children Inim disadvantaged backgrounds to realize their full academic and vocational potential. To relieve poverty and financial hardship in Rwanda, particularly by prK>viding grants and other forn ol financial assistance. This support may Include. but is not limited to. funding community-based projects, as well as pn)viding accommodation, food. school uniforn, textbooks, and stationery to students and their families who are in need. The tIleeS have had due regard to the Charity Commission's guidance on public benefit when exercising their powers and duties. Activities, Achievements and Pc.rform3nce This was the charity's first reporting period following its successful registration a5 3 Charitable Incorporated 0rganis4tion (CIO) with the Charity Cominission for England and Wales on 23 lanuary 2025. Achieving charitable regstration rEpresented a significant milestone, providing the charity with a fornMI legal structure and governance framework from which to pursue its charitsble objectives This report covers the charity'5 firt accounting period, commencing on 23 january 2025, the date of re@stration with the Charity Commission. and ending on 30 September 2025. the charity's fIt financial year en(L During the period. the trustees focused on establishing the foundations necessary for the charity's futu growth and impact. Key achievements included.. Succe&8fully registering the charity with the Chariiy Commission as a CIO Establishing governance arrangements and tnEStee oversight ptT>ce&ses
THE JONATHAN FOUNDATION Registered Charity Number.. 1211845 TRusfEES' ANNUAL RF,PORT AND FINANCIAL STATEMENTS For the period from 23 january 2025 to 30 September 2025 Opening and operatinga charity bank account Developing fundraising strategies and priorities Identilying funding opportunities aligned with the charity's objectives Butlding relationships with potential donor5 and supporters Engaging profe&sional lundrnising support to strengthen fundraising capacity A fundrnising consultancy firn) was engaged to provide specialist support. including donor research, identification offunding opportunities. lundt7ising Strate development and assistance with grnnt application preparntio No grants were awarded duringthe reporting period. The trustee5 considered it appropriate to focus initially on establishing robust governance, operational SYSten and fundraising capacity to ensure the charity is well-p)sitioned to deliversustainable grant-makingactivities in future period& During the period. the Chair of the Board. Mr Carmi, vislted The lonathan Foundation in Rwanda (see Related Party/Connected OrEanisation section below). As part of the visit. he toured the school. where children are supported through a range of initiatives. including the Abana Project, which works asongside children and teenage mothers in Gashorn. a ruTrl village in Rwanda. The project provides educational support. daily care. and a nurturing community environment. He also visited the school clinic, which is stalfed by a full-iime nurse and include5 2 dedicated room for consultations, a women's health facility, and a minorsurgery room equipped with a hospital bed to meet the healthcare needs of student& In addition. he met with staff. families. and community members to gain a deeper understanding of the positive impact of the FoLEndaLion's work, while also learningabout the challenges that the cornmunity continues to face. Based on his observations during the visit, the Chair reaflirnied that additional resources and funding are essential not only to susfain the valuable support currently being provided, but also to addre&s the significant unmet needs that remain. Although the Foundation's progrdmmes are maknng a tanLble difference in the lives of children and families. they currently serve only a small proportion of those who could benefit. Additional funding would enable the Foundation to expand its reach. sUprt MO vulnerable membets of the community, and build on the positive outcomes already being achieved. The tNstees have had due rEgdrd to the Charity Commission's public benefit guidance and believe the activities undertaken furthered the charity's purposes by creating the foundations for future grdnt-making in support oleducation and wverty relief.
THE JONATHAN FOUNDATION Registered Charity Number: 1211845 TRusfEES' ANNUAL REPORT AND FINANCIAL STATEMENTS For the perlod from 23 lanuary 2025 to 30 SeptemberZ025 Related Party/Connected Organisation: The Jonathan Foundation, Gashora. Bugesera. Rwanda The Jonathan Foundation (UK) was established to support and further the charitable work pioneered by jonathan Foundation Rwanda. whilst developing an independent fuTrdrdising platforni capable of attractingsupport from donors gnt-making institutions. trusts and foundauons in the United Kingdom and beyond. jonathan Foundation Rwanda was founded in 2021 by Mr Oded Schashua and his daughter, Danni. lollowing a deeply personal joumey. After the ttagic loss of hi5 son. lonathan, Oded Iravelled to Rwanda seeking healing and reflection. During his time there. he witnessed first-hand the challenges faced by many children and families. including poverty. limited access to quality education. inadequate learning facilities and insufficient support lor children with dIbilItIeS. Deeply moved by both the needs of the community and the resilience olthe children he met, Oded and Danni were inspired to take action, They established lonathan Foundation Rwanda with the vision of creating safe. inclusive and sustainable learning environments where every child has the opportunity to lea thrive and fulfil their potential. Workn"ng in partnership with local communities. educational institutions and government stakeholders. the Foundation has since helped improve educational infrastructure. expand access to learning resources. promote inclusive educacion and create educational opportunities for hundreds of children who might oihenvise have been left behind. The trustees of The lonathan Foundation (UK). who were long-standing friends professional colleagues and supporters of Mr Oded, were deeply moved by both the challenges faced by children from disadvantaged backgrounds anit the inipact being achieved through jonathan Foundation Rwanda. They shared a common commitment to improving educational opportunities and life chances for vulnerable children and a belief that every child should have access to a fe. inclusive and supportive learningenvironmenL Recognising both the significant need and the opportunity to attract support from don0. charitable trusts, loundations and institution5 Within the United 'ngdorn, the trustees and Mroded jointly explored ways to expand and sustain these effort& Together, Ihey agreed that esfablishing an independent UK charity would provide a platlorm to acce&s funding opportunities that may not othemise be available to a Rwanda-based organisation alone. As a result. The lonathan Foundation [UK) was established to raise funds and secure resources in support of charitable activities that advance education and relieve poverty, including where appmpriate, makinggrants to jonathan Foundation Rwanda and other organisats.ons whose activities
THE JONATHAN FOUNDATION Registered Charity Number.. 1211845 TRusfEES' ANNUAI. REPORT AND FINANCIAL STATEMENTS For the period from 23 lanllary 2025 to 30 September2025 further the charity'5 objectives. The trustees believe that this collaborative approach will enable both OnIsatiOnS to increase their reach, strengthen their long-term sustainability and support a gttater number ol beneficiaries in the years ahead. The two orsanisations are separaie legal entities with independent governance arrangements. However. they share common chariiable objeciives and maintain a close collaborative relationship to maximise their collects.ve impact and reach. Following the reporting period, Mi- Oded was appoinied as a trustee olThe jonathan Foundation (UK) in December 2025. His appointment was made in recogTrits"on of his unique knowledge olthe charitable pnigrammes being delivered in Rwanda, his mle as founder and leader ol jonathan Foundation Rwanda. and his ability to strengthen coordination between the two organisations. The trustees believe that Oded's involvement will help ensure closer alignment between fundraising activities undertaken by The jonathan Foundation (UK) and the needs of beneficiaries served through charifable progTrmmes on the ground. His appointment 3150 enhances the charity's fundrnising etforts by providing prospective don0 and institutional funders with direct access to the founder's vision, experience and first-hand Iinowledge ol the impact being achieved. The trustees consider his appointment an important step in supporting the long-term growth, sustainability and effectiveness of both organisations while maintaining appmpriate governance and oversight arrangements. During the charity's establishment phase, support was received IrY>m both lonathan Foundation Rwanda and its founder. Nlr Oded. The linancial support provided during the reporting period reflects the shared commitment of both organisations and theirsupporters to establishing a sustainable platfomi capable of attracting additional funding and increasing the scale of charitable impact over time. Further details of the related party tTrnsactions are provided in Note 7 to the financial statements. Fiiias)cial Review The charity'5 income during the reporting period comprised unrestricted donaiions 01£12,589.29 received in support of its charitable objectives and establishment activitie& In addition, the charity received an interest-free loan of £6.076.60 from a related organisation to support Its initial Ope[lOnS and fundraising activities. Further details of related party transactions are provided elsewhere in tkn's report and in the notes to ihe financial sratement& Total expenditure lor the period was £5,425.50, comprising fundraising consultancy costs of £5.400.00 and bank charges of £25.50. The fundraising consultancy services supw>rted the development of the charity's lundrnising strategy, donor engagement activities and grant application preparation.
THE JONATHAN FOUNDATION Registered Charity Number: 1211845 TRusfEF,S' ANNUAL REPORT AND FINANCIAL STATEMENTS For the period from 23 january 2025 to 30 September 2025 The charity reported a surplus of £7,163.79 forthe period and held unrestricted funds of £7.163.79 at 30 September 2025. Cash balances at the period end totalled £18,640.39, providing a sound financial foundation from which to pursue future fundrnisingand charitable activitie& The trustees are satisfied with the charity's financial position at the end ol its first reporting period and believe it is well placed to continue developing its fundraising capacity and delivering its charitable objectives. Reserves Poliiy As the charity remains in its development phase. the trustees have not adopted a formal reserves policy. The trustees intend to review this position once recurring lundraising income has been estsblished. gislo Management The trustees have considered the major risks facing the charity, including fundraising risK governance and compliance risk. and reputational risk Appropriate monitoring and controls are in place and reviewed periodically. Plans for Future Perlods The trustees intend to continue fundraisingactivities, strengthen donor relationships and commence gTrnt-making activities in support of educational and poverty-relief projects consistent with the charity's objective& Statement of Trustees, Responsibllities The trustees are responsible for preparing the Trustees, Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standard& The trustees are responsible lor Iceeping proper accounting record5, feguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularitie& Approved by the Board es on.. 14th july 2026 Signed.. Carmixo chalr0fT$tees ne
THE JONATHAN FOUNDATION Registered Charlty Number: 1211845 TRUSTEES. ANNUAL RF,PORT AND FINANCIAL sfATEMENTS For the perlod from 23 january 2025 to 30 September 2025 FINANCIAL STATEMENTS STATEMENT OF FINANCIAL ACTIVITIES (SOFA) For the period from 23 Januar), 2025 to 30 Seplember 202 Unrestricted Funds Totsl Funds {£) (£} Incomeand Endowments from.. Donations and Legacies 12,589.29 12,589.29 Total Income 12,589.29 12,589.29 Expenditure on: Raising Funds [5,400.00] [5.400.00) Governance and Support Costs [25.50) [25.50) Total Expendlture (5,425.50) (5.425.50) Net Income and Net Movement in Funds 7,163.79 7.163.79 Funds Brought Forward Funds Carried Forward 7,163.79 7.163.79 There were no recognised gains or losse5 Other than those shown above and all activities relate to continuing oper4tions.
THE JONATHAN FOUNDATION Registered Charity Number: 1211845 TRUSTEES, ANNUAL REPOR'fAND FINANCIAL STATEMENTS For the period from 23 lanuary 2025 to 30 September2025 BALANCE SHEET As at 30 September 2025 Current Assets Cash at bank and in hand 18,640.39 Total Current Assets 18,640.39 Creditors.. amounts falling due withfin one year Accruals (5,400.00) Interest-free loan [6,076.60) Total Credltors [11.476.60) Net Current Assets 7,163.79 Net Assets 7,163.79 Funds of the Charity Unrestricted Funds 7.163.79 Total Charity Funds 7.163.79 Appmved by the TSteeS on.. 14th July 20 Signed on behalf of the Trustees.. Chair of Trustees Charlty Number (CIO).. 1211845 The notes on pages 8 to 10 form an integral part of these financial statements.
THE JONATHAN FOUNDATION Reglstered Charity Number: 1211845 TRUSTEES. ANNUAL REPORT AND FINANCIAL sfATEMENTS For the perlod from 23 lanuary 2025 to 30 September 2025 NOTES TO THE FINANCIAL STATEMENTS Note l- Accounting Policies Ilu.$i% PTeparJtivD The financial statements have been prepared under the historical cost convention in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102 (Charities SORP [FRS 102)] and the Charities Act 2011. Reporting Period These financial statements cover the period from 23 lanuary 2025. being the date on which The jonathan Foundation (UK) was registered with the Charity Commission for England and Wales. to 30 September 2025, being the charity s first Financial year end. Although preparatory work relating to the establishment of the charity took place prior to registration, no financial transactions were undertsken by or on behalf of the charity before 23 January 2025. Accordingly, no income, expenditure, assets or liabilities arose prior to the commencement ofthis reporting period. Fund Accounting Generdl funds are unrestricted funds available for Ltse at the discretion of the trustees in furtherance ol the charitable objectives of the charity. Income Recognition Income is recognised when the charity has entitlement to the fund5, receipt is probable and the amount can be measured reliably. Expenditure Recognition Expenditure is recognised on an accruals basis when a liability is incurred. Golng Concern The tntstees consider the charity to be a goirhg concern.
THE JONATHAN FOUNDATION Registered Charlty Number- 1211845 TRUSTEES. ANNUAL REPORT AND FINANCIAL STATEMENTS For the period from 23 january 2025 to 30 September 2025 Note 2- Donations and Legacie5 Unrestricted donations 12,589.29 Note 3- Expenditure on Raising Funds Fundrdising consultancy services 5,400.00 Note 4- Governance and Support Costs Bank charges 25.50 Note 5- Staff Costs The charity had no employees during the reporting period. Note 6- Trustee Remuneration and Expenses No trustee (eIved remuneration, benefits or reimbursement of expenses during the reporting period. One trustee made an unrestricted donation of £345.80 to Support the establishment olthe charity. The donation was used as the initial funding required to open the chartty's bank account aT7d remained part of the charity's assets at the reporting date. Note 7- Related Party Transactlons Further information regarding the relationship between The jonathan Foundation [UK) and lonathan Foundation Rwanda is provided within the Trustees, Annual Report. During the reporting period, the charity received a donation of £12,243.49 from Mr Oded prior to his appointment as a trustee of The jonathan Foundation [UK).
THE JONATHAN FOUNDATION Registered Charity Number.. 1211845 TRIISTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS For the period from 23 January 2025 to 30 September 2025 The charity 3150 received an interest-free loan of £6,076.60 from jonathan Foundation Rwanda. The outstanding balance at 30 September 2025 w35 £6.076.60. The trustees consider these transactions to have been undertaken on terms that were in the best interests of the charity. Note 8- Creditors: Amounts Falling Due Wlthin One Year Accruals 5,400.00 Interest-free loan 6,076.60 Total 11,476.60 Note 9- Cash at Bank and in Hand Cash at bank 18.640.39 Note 10- Audit / Independent Examinatlon The charity's gross income for the period did not exceed the statLliory threshold requiring an audit. The trustees have not obtained an independent examination for this reporting period. 10
THE JONATHAN FOUNDATION Regtstered Charity Number.. 1211845 TRUSTEES. ANNUAL REPORT AND FINANCIAL STATEMENTS For the period from 23 lanuary 2025 to 30 September2025 REFERENCE AND ADMINISTRATIVE DETAILS The Charity.. Charity Name.. TheJonathan Foundation Charity Number.. 1211845 Legal Form: Charitable Incorporated Organisation {ClO) Trusteesservingduringthe period: • Carmi Korine- Chair {appointed 18 January 2024) Fasika Getahun Bekele- Trustee {appointed 18 january 2024) Etsub Fantaye Demisse- Trustee (appointed 18 january 2024) Princlpal Offlce: Unit 3, Bradley House 26 St. Alban5 lane London NWII 7QE Bankers: Lloyds Bank PLC 25 Gresham Street London EC2V 7HN