ERIC ABRAMS CHARITABLE TRUST Re stered Chari Number 275939 FTN'ANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
ERIC ABRAMS CHARIT ABLE TRUST TRUSTEES, REPORT The Trustees present their report for the year ended 31 May 2024. The Eric Abrams Chatitable TTrt is constituted by Deed of Trust and is a registered charity number 275939 and the address for correspondence is 17 Alvaston Business Part Middlewich Roa4 Nantwich. Ind dent Examiner R. Morris . DJH Nantwich Limited 17 Alvaston Business Park Middlewich Road Nantwich CW5 6PF Bankers Barclays Bank Pl Barclays Wealth One Stanhope Gate Mayfair, London WIK IAF The charity trnstees at the date of this report are: Brian Abrams Marcia Anne Jacobs Susan Melanie Abrams There were no other Trustees in th¢ year. When necessary additionat Tnte¢S are reClted from within the settlor's family and are inslTUCted as to their responsibilities by the existing trustees. The aims of the cbarity are to assist, by donation. registered charities estsblished in the United Kingdom. for the advancement of education, welfare and relief of povety, particularly amongst those persons of the Jewish faith. The TnteeS do not invite appeals, as the tnt is fully committed until further notice. No grants are glven to individuals. The Tnte¢S have bad regard to the guidance issued by the Clwity Commission on public benefit. The Trust¢es have unrestricied powers lo invest th¢ assets of the clwity. The Trustees made donations to 22 organisations (2023 I4) during the year totalling £33175 (2023 £28925). The Trustees intend to continue with th¢ir policy on donations and anticipate that donations will continue at a similar level. The Trustees do not retain a specific level of reserves. but a balance is maintained in respect of the income fimd to provide for at least six months future grants. MthL6bs M Jacobs (Tntee)
INDEPENDENT EXAMtNERS' REPORT TO THE TRUSTEES OF ERIC ABRAMS CHAIUTABLE TR . I report to the trustees on my cxamination of the accounts of the ETIC Abrams Charitsble TrSt for the year ended J l May 2024, which are set out on pages J to 5. This report is made solely to tbe charity's trustees. as a body, in accordance with section 154 of the Charities Act 2011. My independent examiner's work h&s been undertaken so that I migbt state to the charity's trustees those matters I am required to state to them in an indeFthdent examiner's report and for no othcr purpose. To the fullest extent pern]itted bi law. I do not accept or assume TesFK)nsibility to anyone other than the charity, the charity's members as a body and the charity's trustees as a body for my independent exarniner's worL for this rerl or for the opinions I have form Res nsibilities and b&8is of re As the charity trustees of the Trust you are responsible for the prepaTation of th¢ aOUThts in accordance with the rquirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Trust's accouDts carried out under $tion 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of th¢ ACL Ind endent examiner's statement I have coMpled my examination. l eonfimi that no material matters have come to my attention in connection with the examination giving me caus¢ to believe that in any material respect: l. accounting records were not kept in respect of the Trust required by section 130 of the Act. or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 oth¢r than a])y requirement that the accounts give a 'true and fair. view which is nol a matter considered as part of an independent examination. I have no concerns and have come across no other rnatters in connection with the examination to which attention should k drawn in this report in order to enable a prow understanding of the accounts to be Teached. R. Morris For and on behalf of DJH Nantwich Limited Accountants 17 Alv&8ton Business Park Middlewich Road Nantwich Cheshire CW5 6PF
ERIC ABRAMS CHARITABLE TRUST RECEIPTS AND PAYMENTS ACCOUN[ FOR THE YEAR ENDED 31 MAY 2024 tNCOME FUND 2024 2023 Income Receipts: Income from listed securities Income from deposits Other income 39189 212 37690 82 300 Totsl receipts 39401 38072 Direct Charitable Expenditur¢: Grants to charittes 33175 28925 Other expenditure Managemeut fee Accountancy charges 4935 4786 5160 4935 9946 Totsl paym¢nts 38110 38871 Net (payments)/receipts for the year 1291 {799) Cash in the hands of investment managers and at bank at l June 2023 157270 158069 Cash in the hands of investment managers and at bank at 31 May 2024 158561 157270 AprrAL FLfND Receipts Proceeds of disposal of investhients 56425 77475 Payments Purchase of investments 57074 85291 Net receIpt(paYMents) (649) (7816) Cash in the hands of investment rnanagers and at bank at l June 2023 (40496) (32680) Cash in the hands of investmcnt managers and at bank at 31 May 2024 (41145) (40496) M Jacobs ITrustee) Signed on behalf of the Trustres on 11 ¢23 .IS
ERIC ABRAMS CHARtTABLE TRUST STATEMENf OF A SETS AND LIABILITIES AT 31 MAY 2024 2024 Incom¢ Fund 2023 ital Income Fund Fund Fund Monetary assets: Bank balanc¢s Cash at investtnent managers 157850 711 (49594) 8449 156186 1084 (47876) 7380 158561 (41145) 157270 (40496) Debtors Other assets: Investments 1420934 1329093 Liabilities: Accnuls 6075 3398
ERIC ABRAMS CHARITABLE TRUST NOTES TO THE RECEIPTS AND PAYMENTS ACCO FOR THE YEAR ENDED 31 MAY 2024 l. Accountin olicies Accountin convention Accounts are prepared on the basis of receipts and payments tog¢ther with a statement of asset5 and liabilities. Subject to this applicable accounting standards have been followed. GTants to charities Grants ar¢ paid at the discretion of the TnL8tees. Funds The Tn)st maintains two identifiable funds in order to allow the capital assets of the TNst to remain separately distingutshable from the day to day income and expenditure of the Trust. Investments Tnvestments are stated at their market value. Pa No remuneration OT expenses ar¢ paid to Tnts¢ees. There were no employees. Tnvestments 2024 2023 Listed investments 1420934 1329093 Investments at cost 1134219 1131883