Charity reg1stra￿On number.. 1141431
Keith Noel Abraham Charitable Trust
Annu•l R￿ort Fln•nd•l Slalements
for the Year Ended 6 Aorfl 2024
WESTCOTTS

Kolth Nool Abraham Charltable Trust
Contents (¢ontlnued)
Rthrence and Admini•trallve Dot•ils
Tru8tee$' Report
2to3
Indep￿dent Ex•mln•rf• Report
Statement of Fln•ndal A￿￿de6
B•lanc• Sh••t
Not•s lo tho Flnandal St•toment•
7t012

Kalth No•1 Abraham Charftable Trust
Rehr•n¢o and Admlnlstrativ• Dotalls
Chrf8lopher Matyn Unton
Alexandra Ch*lott¢ J￿k￿6
1141431
Charlty R•gl•tr•tlon NINn￿r
Prlnclp•l Offlc•
Wollen8
At Harbour8id•
87 The T•rr•¢•
Toryuay
TQ11DP
We8tcolts {SW) LLP
47 Boulp)rt Shet
Bamstspl•
d•p•nd•nt E¥•mln•r
EX311SQ
Pogo 1

Kelth Noel Abraham Charltable Trust
Trust￿3. Report
The trustees present the annual reptjrt lopether with the financial $latemenls of the chaflty for the year
ended 5 April 2024.
ObJgcU¥•8 Ind *ctlvltle8
Objects andalms
To promote community partlclpallon In recreallonal •port8 Bonducted through amateur organi5otion8
based in North Devon prlodty belng glven lo the dlstriGls ol Bideford and Bamslaple to inclLKI
donatlons lo IndivSduals and prO￿$10n of lacilili48 and equipment for ¢lubslorganisalions and In
•ddllSon promote and Support other registered ¢harllles In pjchlevlng IheSr ch8rltable objectives.
Publlc b•n•fit
The trustees conflrm that thoy have ¢omplled vAlh tha raqulrements o18eclion 17 of the Charltl•i Act
2011 to have due regard to the publlc ben•fll guldance publlshod by th• Charfty Commlsslon for
England and WAte$.
Achl•v•m•nl• and p•rfornionc•
During the year the ch•illy commenced dl8tdbullng the legacy of Kollh Abraham In Ilne wilh the
obl•cliveJ of the Trust.
Fln•n¢ial rnvl•w
Ouring Ihe year, the charily reG•lved in¢ome lotsNlng £354,037, thls malnly con)l•ted of the r•c•ipl of
th• balanco of the legacy from Kellh Abraham'B estste.
Exp•ndllura totalltrd £83,886 {2023'. £3,812) Induding grants awarded 01 £57,48512023.' £NIII
AB at 6 Aprfl 2024 unre•lrld¢d fundA Stood •1 £320,201 12023,, £29,830).
Polky on reserv•a
The charfty wa8 Bet up lo dlslrlbulo fundi from the late Kelth Abraham'¥ estate. Grnnll are appliod for
Ind distrlbuled Irom these lunds In accordance vAth the charllable oblectlves. Co818 Incurred out8lde
of grant distribullon• are mlnimal and go Iho Iruslees do not feel a resems pdiGy Is neGe5$ary.
structur•• gov•rnanc• and man•g•m•nt
Natyr• olgov•mlng documon¢
The ¢harlty Is govemed by118 Trusl Deed dated 22 January 2010.
Racmltment •ndappolntnT•nt ol ¢rust•es
New Trustees are appdnted by a resolulon p888ed al a properly convened meetlng of the chadty
Trustees.
Page 2

Keith Noel Abraham Charitable Trust
Trustses, Report (continued)
Statwn•n¢ of Tru¥te•¥' R6sponilbllltle•
The trustees are responsible for prepallng the trustees, report and the financial statements in
accordance vAth the Unllèd Klngdom Accounting Standards Iunlled Kingdom Generalty Accepted
Accountlng Pracllce) and appllc8ble law Bnd regulations.
The law applic￿10 lo thariues requlres the Iru8lee8 lo prepare financial slalements for each fln8nclal
year vthlch givts a true and falr vléw of thè slate of •ffalrs of the chadty and of the Incomlng resources
and applbeatlon ol re50urceJ of the charlty for that perlod. In p￿paring these ffn8ncAal slalemenl8, the
tru8tee6 8r& r•qulred lo..
Jeltsct Sullable accountlng policles and than apply them con51¥lently,
observe the methods and PTindple8 In the Charitles SORP,.
make ludgamenls and eslimateg that a￿ reasonable and prudenl.,
t• w￿l￿er applicabl¢ accounting 8tand8rds h•ve been followed, subject to uny malerl•l
departures dl8do8•d and explgined In the financlal $lal¢ments'. #nd
prep•re the financlal statements on the going concem b•8lJ unless It Is Inappropriate to presum?
thil the ch8Tity vlll contlnue In bu3inei¥.
The truil•ei reipon$Sbl• for keeping prop•r accounllng record8 that dl•cloBtr wlth reasonable
accuracy al 8ny 1Smo the f5n4ndal po$illon of the chgrlty and enable them lo ensure that th? flngnclal
alatemenls comply wlth the Charitle8 AGI 2011, the Charille¥ (Account8 and Report$l RggulaUon8
2008, gnd the provI￿On9 ol th? con5trtulion. Th• trustee8 ar& a180 respon8lble for Sofeguardlng the
A88els of the charfly and hence for taking reasonable Ilepg for tho prevention and detedion of frnud
nd other lff¢gularllig$.
The IruBlees are responsible for the maintenance 8nd inlegrlty of the corporate and financial
Infomialion included on the charllable company'8 webslle. Legl8laUon gevemlng the preparallon and
01￿8M￿natIOn of ff nanclal glatemenls may dlffer from leglslatlon In olherlurlsdlctlons.
The annual roport was approved by the trustees of the ¢h8rfty on
behalf by..
and slgned on Its
ex
Trust
dra Charlotte Jenklns
Page 3

Keith Noel Abraham Charitable Trust
Independent Examinevs Report to the trustees of Kelth Noel Abraham
Charltsble Trust
I rep￿ to the trustee8 on my examination of thè accounts of Kelih Noel Abraham Charitsble Trust for
the year ended 5 Aprll 2024.
R•$pon•lbllltl•s and ba•1$ of report
A8 the charlty trustee8 of Kellh Noel Abraham Charttable Trust YOU 8re respon8ible lor the preparath)n
of the accounts In accordance ￿￿th the Tequirement8 of the Charftieg Act 2011 1'lh• Acl'l.
I report In respect of my examina￿on of the Kelth Noel Abraham Chjritable TnJ8f8 ¥¢counls carrled
out under secllon 145 of the 2011 Act and in carrylng out my examlnallon I hgve followed all the
applicable Directy'ons given by the Charlty Commi88ion under section 14515)Ib) of the Act.
Ind•p&nd•nt •xamlner'• statem•nt
Since Keith Noel Abraham Charllable Tw$l's groB8 Incfffi)e exceeded £250,000 your examlner rnu$t
be a member of 8 body Ilsled In 88cllon 145 of the 2011 Act. I confirm that l om qualified lo und•rtoke
thè examlnallon because l am • member ol ICAEW, whSch Is on• of Ihe118t•d bodles.
I have Completed my examination. I conflrm Ih8t no malerlAI m8ller8 have come lo my attonllon In
conn•ction wth the examlnallon givlng me cAu8e to b8lleve that In any materi41 r•8p•ci".
l. Accounllng records wer• not kept In TQiPeCt ol Kelth Noel Abraham Charit8blè Truil •• Ywuired
by 8ecllon 130 of the Act.. or
2. the 8ccounts do not gccord wlth th080 record•.' or
3, th¢ accounts do not comply ￿th the •ccounllng requSremenl8 ¢oncernlng th• foTm and conl&nt ol
Accounts sel out In the Charllles (Accountj and Report8) Regulat5ons 200B o¢her than any
roqulremenl th81 the 8ccounl$ 95ve a 'true and falr Vie￿ thlch18 not a matter ￿nsIdered a• part
of an Indewndenl examlnatlon.
I havè no concem8 and have com• aGro88 no other matters In wnnectlon with the ex8mln8tlon lo
Ich attent(on should be drawn In Ihlj report In order lo enable B proper underglandlng of the
•ccounls to be reathed.
Catherine Wllllams FCA DChA
Independent Examinor
Westcotts (SWI LLP
Bamstaple
Devon
EX31 1SQ
Page 4

Kelth Noel Abraham Charitable Trust
Statsment of Flnanclal Activities for the Year Ended S Aprll 2024
Tot•1
2024
Unr•8trlct•d
fund•
Tot*1
2023
Note
Incom• and Endovmi•nts from:
Donatlons and legaues
In¥e8tmont In¢ome
351,567
2,470
351,567
2,470
Tolal Income
354,037
354.037
Exp•ndltur• on:
charItab￿ advillej
83,666
83,866)
3,812
Total expendfture
Nfrt kncomel{exp•nd(tur•)
Nel movement In fund8
83,666
63.666
3.612
290,371
290,371
3.812
290,371
290.371
{3,6121
R•conclll•tlon of lund•
Total fund8 brosjght loThvard
Tot81 fund• carded lorward
29.830
29,830
33,442
13
320.201
320 201
29.830
All of the chwlty'i qciMtSe8 deriv• from conllnuing op•r•llon$ durlng the abov• trNo p•rfod•.
The funds brnakdown for 202310 ihown In nole 13.
The nole5 on pages 7 to 12 fom •n integral part ofthese fin8ncl81 stalemenis.
Pago S

K•lth Noel Abraham Charitable Trust
(Roglstratlon number: 1141431)
Balance Sheet as at S Aprll 2024
2024
2023
Not•
Curmnt
10
11
2.470
318 571
Cash at bank and In hlmd
29,830
321,041
29.830
Cr•dltorn: Arnounl• lalllng du• *rfthln on• yoar
12
320 201
Fund• ol th• chirlty:
Unr•¥trl¢ted Incom• fund•
Unrn8trlcled fund•
320 201
29,830
Total fundB
13
320,201
nandAI 8litements on pages S to 12 wjre •pprov•d by Ihe truitsti, and •uthorf8ed for luue on
and 8lgned on Ihelr bfjhalf ty..
lexan
Tiujte
ra Charfottè Jenkkn•
The n¢te8 on pages 7 trj 12 fom) •n integral part of theae financtal st•temenl$.
Pag8 8

Kelth Noel Abraham Charitsble Trust
Notes to the Financial Statements for the Year Ended 5 Aprll 2024
l Accountlng poll¢le$
statsm•nt of compllanco
The finandal slatement$ have btsen prepared In accordance vthth the second edluon of the Ch8ritSes
Slalemenl of Recommended Pl8￿Ce I38ued In October 2019, the Financial Reporting Standard
appllcable In th8 Unlled Kingdom and Republlc of IreLqnd (FRS 102) and the Charlts'a8 Act 2011.
8a•S• of pyeparatlon
Kelth Noel Abraham Charllable Trnsl meet8 the deflnllion of a public benefil enlily under FRS 102.
The acGounl$ lflnBnclal 8latemenl81 have been prepared under the hlsloiical cogt eonventlon wlh
Item$ recognised al cost or Iran5aclion value unles• olheNrise 118led In the relevant nolelsl to these
accoun18. Th8 flnandal 8lJtements Are prepared in slerting thlch l¥ the functional currèncy of th•
chadly,
Golng conc•rn
The Iruslees conslder that there ar? no mal•rSAI unc•rtolntleJ about the ch4rtly's abllily Ic conllnue 88
a going concern.
Incom• •nd •ndowrn•nt•
Voluntary Sncome Includlng don*llon8, glft¥. leggcie8 and granta that provide core lundlng or are of
general natur• 1$ recognlsed vthen the charlly has enliii•ment to the Income, 11 Is probable Ih8t the
Income I￿11 be re￿IVed and the amount c8n be meaBured ¥￿th sufficlenl rellobillty.
Donatlons and 1•g•¢h8
Donauons •nd legacles aro recogni$￿ cn a recolvjble b•818 when recelpl l• probable and the
amount can bè rèllobly measured.
Inv•8lment Incom•
Inve•lment Income l? recopnls•d gnce tho Inler•Jl has been •ccru•d,
Exp•ndltur•
All expenditure Is rttcognised once there 1$ 8 legal or conslructwe obligation lo that expenditure. il Is
probable gelllement Is required ond the amount can be measured rellably. All cog18 are allocated lo
the appllcable expenditure heading Ihal aygregale similar costs lo that category. Where costs cannot
be dlrectly attrlbuled to P8rtlcular headings they have been allocated on ¥ basis consislenl ¥￿th the
use of resources, wlth central staff costs allo¢aled on the basls of Ilrne spent. 8nd depreclation
ch8rges allocated on the portlon ol the asset's ujg. Other 8UPPOrt Costs are allocated based on the
8pread ol staff co818.
Charltable a¢tlvlties
Charitable ¢xpendilure compn8e8 tho88 Costs incurred by the charfty in the dellvery of Ils activittes
and serwces for 115 beneficiaries. It Includes both costs that can be allocated directly to such ac15vllles
and those c0818 01 an Indlrect nature necessary lo Jupport them.
Page 7

Keith Noel Abraham Charltable Trust
Not8s to the Flnanclal Ststements for the Year Ended 5 Aprll 2024 (contlnued)
Grnntprovlslon*
Provisions foi grants are made when ihe Inlenlion lo make a grant ha3 been communlcaled lo the
reclplenl but thore is uncertainly about ellher tho timing of the grant or the amount of grant payable.
Support co•t*
Support costs Include central functions and have been allocaled lo actl¥Aty COSt calegortes on a ba$ls
con8lalenl wllh the use ol resources, for example, allocaling propèty costs by floor oreas, or per
cgptts. st8ff cost8 by the Ilme spenl and other costs by their usage.
Taxatlon
Th• charlty18 Considered to pajs Ihe le•l8 8trt out In Paragraph I Schedule 8 of Ihe FSnance Act 2010
and therefore It mee¢8 the definlllon ol 8 charllable company for UK corporallon lax purposes.
Accordlngly, the charlty 15 polenllally exempl from laxallon In re$pecl ol income or c8Pit81 gains
recelved vAthln c8legorle¥ covered by Chapter 3 Part 11 01 the Corporallon Tax Act 2010 or Sècllon
256 of the Toxallon of Chargeable Galnl Act 1992, to Ihfj •xtenl that Such income or galnB are
appllèd eXGlu$l￿1Y lo charttable purpo3•8.
Ca•h and c*•h •qulvalent•
C88h and ca8h equlvBlenls comprlse c8sh on hand and call depo811s, and other short.lemi hlghty
liquid Inve51menls that are readily convertlble lo a known amount of cash ond are sutyecl lo én
In8lgnmcant rfsk of change In v4lue.
Fund •tructur•
Unre$tri¢led Income funds are 9eneral funds that are avoilable for ai thè trustees dl¥¢reilon
lurth?rance of the obJeGtlve$ of the chaTIIy.
Flnanclal Instrument•
Cl•ssllk•tlon
FlngnolBI a8se15 and finonclal liabilltie8 are recogni￿d then the charlty bewrnej 8 party lo the
conlTactu41 provlslons of the Inslwmenl.
Flnancial 1labl1i￿eB and equfty Inslrumenl8 are clas¥lfied accordlng lo the yub¥tance of the contractual
arrang*menl$ enlered Into. An equity In51rumenl18 any conlrocl th•t evldence8 4 re8ldual Int•re8t In
the 8ssels of the charity after deducfjng all of Its IlabS1ilie8.
Page 8

K85th Noel Abraham Charitable Trust
Notes to the Flnanclal Statements for the Year Ended 5 Aprll 2024 (contlnued}
R•cognition •ndme•sur•m•nt
All Ilnanclal assets and Ilabillties are initially measured al transaction price (including tr8nsaction
costs), except for those financl81 assets da58lfied a8 01 faSr value through profft or1088, whlch are
initially measured al falr value IwhlGh Is normally the Iransadon price exduding transaction Gosts),
unless the ariangemenl constllules 8 flnanclng transaGtion. If an arrangement con$litule$ a financlng
trBn8a¢tlon, the financlal asset OT financ4al Ilabllity is measured al the present value of the fubJr8
paymants dlscounted at a market rats ol Inlere¥t lor a ilmllar debt Inslrum¢nL
Flnanclal assets and Ilabllllle8 are only offset In th& statement of financial position vthen, and only
vth•n there exS$ts a legally •nfDrceable right lo 8&t off the recogn13ed amounts and the chadly Intend8
either to 8ètt1& on a net basis, or lo rea118e the a88et and Jèttle the Ilablllty 81multan•ously.
Flnandal asJats am deracognlaed ￿en and only wben •) tho conlractu•l rlghts to the cash fl¢)
from the fin8nclal as8•1 expire or are settled. bl the cha￿tY transfers lo another paty substsnlially all
of the rlsk8 and rewards of ovmership of lh• Ilnandal 888el, or cl the charlty, despite havlng retained
lome, I￿t not all, slgnlffic¥nl rf8k8 8nd rewards of Dwner$hSp, has transferred control of the aasel lo
another paty.
Finandal Ilablwlies Are d•recogniJed only when the obllg*llon •pedfled In th• contract IB dl•charg8d,
c8n¢elled or explres.
2 Incom• fvom don•tlon• •nd legacl••
Unr••trlctsd
lund•
Gonernl
Total
21124
Legjdei
351,567
3 Inve•lm•nt Incom•
Unre•trlct•d
fund
G•nernl
Total
2024
Inlere&t recelvable on bonk depo
2,470
4 Exp•ndltur• on chavltabh •ctlvl¢l••
Unr•strlct•d
funds
Genernl
Total
2024
Nots
(3rant funding of aclivlllej
Jlocated aupport co8tS
57,485
6,181
83.666
67,486
6,181
63,666
Pagp 9

Kelth Noel Abraham Charitsble Tn￿t
Noles to tha Flnancial Stat•ments for the Year Endod 5 April 2024 Icontlnued)
Unr•¥trlct•d
funds
G•nfjral
Totsl
2023
Mot•
Jlocated Support coats
3,612
3,612
6 Anal￿1# of #upport ¢o•t•
8upport colts •llo¢*t•d to ¢harftsbl• •ctlvltl•s
Total
2024
Total
2023
Independent Emmlnallon fe••
Soll¢ltor8 foei
840
6,341
6,181
3,612
3,812
6 Grnnt4n•klng
Analy•l• of grint•
8•low are deta118 of m8lerf•l gr•ntB made lo ln8lllutlon8.
2014
2023
N•m• ol Inaututlon
Wesll?Igh Crlcket Club
8•mAtaple & Pllton Crlcket Club
84mil•ple Rugty Club
Actlvlty
20,000
24.985
12,500
57.485
7 Tru•tsM r•mun•rnilon •nd expgnM•
No tru8lee6, nor any por80n8 connected ￿th Ihem, havo received any remunerallon from the charliy
dudng the year.
No tru8teos have recefved any re1Ml￿rIed expenses or ￿Y other benefi18 from the tharlty during Ihe
yèar.
Po98 10

Keith Noel Abraham Charitable Trust
Notes to the Flnancial Statements for the Year Ended 5 Aprll 2024 (contlnued)
I Ind•p•nd•nt •xamin•rf¥ remun•rallon
• T•xatlon
Th8 ch8rty1s a registered charlty and 58 therefore exempl from taxallon.
10 D•btorn
2024
Accrued Income
2,470
11 Ci•h and cuh oqulval•nt•
2024
2023
Cash al b•nk
318,571
29,830
12 Cv•dltor•'. *mount• falllng du• wlthln on• y••r
2024
Accru•lJ
13 Fund•
8•lttnc• •t 6
Aprll 1023
IncomlDy
r••ourc
R•#ourGO•
•xp•nd•d
Bal•nce Qt S
Aprll 2024
Unr••tvlct•d lund•
G•n•r•l
General Fund•
29,a30
354.037
63.886
320,201
8•1on¢• al 6
Awll 2022
Rmourc
•xp•nd•d
Bal•n¢• •t 6
Aprll 2023
Unr••trlct•d lund•
Gener81 Fund¥
33,442
3.612
29,830
Pag• 11

Keith Noel Abraham Charltabl• TNst
Notes to th• Financlal Statsments for th• Yèar Ended S Aprll 2024 (contlnued
14 ANlyilg of not a880ts b•two•n funds
Unr¢strlct•d
fund8
Genw•l
Total fund8
at 5 Aprll
2024
Current a88el8
Currenl Ilabllitlèi
321.041
840
321,041
840
Total net •88•lB
320.201
320,201
Unr••trlct•d
fundi
G•n•ral
Total fund•
at 5 Aprfl
2023
CLwrnnl aBselB
29.830
29.830
16 R•l•tod p•rty tran8actlo
l)urlng the year thè charity wa8 pald co$1$ totAning £5,341 12023.. £3,600) lo Wolleni. a flm) of
solicitor8 In whlch both Trustees aT¢ P•rtnerJ.
Pago 12