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2020-12-31-accounts

Charity number: 1152635

Abbie's Fund

UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31/12/2020

Prepared By:

PGS Accountancy Ltd Chartered Accountants 54 Ridgestone Avenue Bilton East Yorkshire HU11 4AJ

Abbie's Fund

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/12/2020

TRUSTEES

Paul Cowell Katy Cowell Audrey Stevens Jill Ellis Kevin O'Leary

REGISTERED OFFICE

25 Scholefield Avenue Woodmansey HU17 0TN

CHARITY NUMBER

1152635

ACCOUNTANTS

PGS Accountancy Ltd Chartered Accountants 54 Ridgestone Avenue Bilton East Yorkshire HU11 4AJ

page 1

Abbie's Fund

ACCOUNTS

FOR THE YEAR ENDED 31/12/2020

CONTENTS

Page
Report of the Trustees 3
Independent Examiner's Statement 4
Accountant's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9 to 13
Detailed Statement of Financial Activities 12

page 2

Abbie's Fund

TRUSTEES' REPORT FOR THE YEAR ENDED 31/12/2020

The trustees present their report and accounts for the year ended 31/12/2020

PRINCIPAL ACTIVITIES

The principal activity of the charity in the year under review was the relief from distress of newly bereaved parents .

STRUCTURE GOVERNANCE AND MANAGEMENT

structure and governance text goes here

The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.

This report was approved by the Board of Trustees on 18/10/2021

Paul Cowell Trustee

page 3

Abbie's Fund

INDEPENDENT EXAMINER'S STATEMENT

FOR THE YEAR ENDED 31/12/2020

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ABBIE'S FUND

I report on the accounts of the company for the year ended 31/12/2020 .

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £25,000 and I am qualified to undertake the examination by being a qualified member of ICAEW .

Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:

BASIS OF INDEPENDENT EXAMINERS STATEMENT

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINERS STATEMENT

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached

...................................................

Date: 18/10/2021

page 4

Abbie's Fund

INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 31/12/2020

PGS Accountancy Ltd Chartered Accountants 54 Ridgestone Avenue Bilton East Yorkshire HU11 4AJ 01482814895

page 5

Abbie's Fund

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS OF ABBIE'S FUND, FOR THE YEAR ENDED 31/12/2020

In order to assist you to fulfill your duties under the Companies Act 2006, we have prepared for your approval the accounts of Abbie's Fund for the year ended 31/12/2020 as set out on pages - to (1) from the company's accounting records and from information and explanations you have given us.

As a practising member of the ICAEW, we are subject to its ethical and other professional requirements which are detailed on their website.

This report is made solely to the Board of Directors of Abbie's Fund, as a body, in accordance with the terms of our engagement letter dated 21/10/2016. Our work has been undertaken solely to prepare for your approval the accounts of Abbie's Fund and state those matters that we have agreed to state to the Board of Directors of Abbie's Fund, as a body, in this report, in accordance with the requirements of the ICAEW as detailed on their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Abbie's Fund and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Abbie's Fund has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profitability of Abbie's Fund. You consider that Abbie's Fund is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Abbie's Fund. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

PGS Accountancy Ltd Chartered Accountants 54 Ridgestone Avenue Bilton East Yorkshire HU11 4AJ

18/10/2021

page 6

Abbie's Fund

Statement of Financial Activities for the year ended 31/12/2020

Income
Income from generated funds
Income from charitable activities
Total Income and endowments
Expenses
Costs of generating funds
Expenditure on Raised funds
Expenditure on Charitable activities
Total Expenses
Net gains on investments
Net Income
Gains/(losses) on revaluation of fixed assests
Net movement in funds:
Net income for the year
Total funds brought forward
Net funds carried forward		 Unrestricted
funds
£
35,021
35,021
17,049
44,703
61,752
(26,731)
(26,731)
111,927
85,196		 Restricted
funds
£
-
-
-
-
-
-
-
-
-		 2020
Total
£
35,021
35,021
17,049
44,703
61,752
(26,731)
(26,731)
111,927
85,196		 2019
Total
£
38,076
38,076
15,338
32,359
47,697
(9,621)
(9,621)
121,548
111,927

This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

page 7

Abbie's Fund

BALANCE SHEET AT 31/12/2020

Notes
CURRENT ASSETS
Cash at bank and in hand
CREDITORS: Amounts falling due within one year
4
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CAPITAL AND RESERVES
Unrestricted funds
6
General fund		 85,760
85,760
564		 2020
£
85,196
85,196
85,196
85,196		 111,927
111,927
-		 2019
£
111,927
111,927
111,927
111,927

For the year ending 31/12/2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board of trustees on 18/10/2021 and signed on their behalf by

.............................

Paul Cowell Trustee

page 8

Abbie's Fund

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/12/2020

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

1b. Incoming Resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

1c. Resources Expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

1d. Allocation And Apportionment Of Costs

All costs relate to the single activity of the charitable company and are recognised accordingly.

1e. Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.

1f. Pension Costs

The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

1g. Turnover

Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

page 9

Abbie's Fund

2. EMPLOYEES
Average number of employees
3. PENSION CONTRIBUTIONS
Pension contributions - director
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Taxation and social security		 2020
No.
1
2020
£
310
310
2020
£
564
564		 2019
No.
-
2019
£
-
-
2019
£
-
-

5. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up. At 31/12/2020 there were 5 members.

6. UNRESTRICTED FUNDS

General fund Brought
forward
£
111,927
111,927		 Incoming
resources
£
35,021
35,021		 Outgoing
resources
£
(61,752)
(61,752)		 Transfers
£
-
-		 Carried
forward
£
85,196
85,196

page 10

Abbie's Fund

7. RESTRICTED FUNDS

Brought
forward		 Incoming
resources		 Outgoing
resources		 Transfers Carried
forward
£ £ £ £ £

page 11

Abbie's Fund

Incoming Resources
for the year ended 31/12/2020
Incoming resources
Incoming resources from generated funds		 2020
£
35,021
35,021		 2019
£
38,076
38,076

page 12

Abbie's Fund

Expenses for the year ended 31/12/2020

Expenses
Costs of generating funds
Fundraising Trading Costs
Purchases of memory boxes
Charitable Activities
the relief from distress of newly bereaved parents.
Advertising
Rent
Directors salaries
Directors NIC
Pension contributions - director
Insurance
Stationery & office supplies
Internet
Charitable donations		 2020
£
17,049
17,049
17,049
459
2,400
17,400
1,295
310
-
839
-
22,000
44,703
61,752		 2019
£
15,338
15,338
15,338
3,745
2,400
9,600
-
-
1,500
733
435
13,946
32,359
47,697

page 13

Trustees’ annual report (including Directors’ report) for the period

From: 01/01/20 To: 31/12/20

Charity name: Abbie’s Fund

Charity registration number: 1152635

Objectives and activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 Abbie’s Fund provide memory boxes free of
charge to families in the East Yorkshire area
of the UK but primarily to families who lose
babies/childrenatHull Royal Infirmary.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identifiedinthe accounts.		 Para 1.17 and
1.19		 We raise funds through the organisation of
our own events, from sponsored events
organised by others and via donations.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 We confirm the trustees have had regard to
the Charity Commission’s guidance on
public benefit.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers

Other

Achievements and performance

Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 Providing memory boxes to labour and
delivery, NICU, paediatric A&E, paediatric
high dependency unit and Adult ICU, Early
pregnancy assessment unit and a
gynaecology ward. Our memory boxes bring
much comfort and support at a truly
devastating time. We continue to
supplement the salary of 3 local
bereavement midwives at Hull Women &
Children’s Hospital, they have made a huge
difference to the care and support received
by local bereaved families and we are very
proud to be able to support this service. We
have provided equipment related to
bereavement care as requested from
hospital staff such as digital cameras and
memory cards, bedding for bereavement
rooms, moses baskets etc.

Additional information (optional)

You may choose to include further statements where relevant about:

Para 1.41 Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set Para 1.41 Investment performance against objectives Other

Financial review

Financial review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 A good financial position to continue our
objectives
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The reserves policy is to hold a sum
equivalent to 3 months average expenditure
held in the charity bank account.
Amount of reserves held Para 1.22 £8000
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 None
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 None

Additional information (optional)

You may choose to include further statements where relevant about:

Para 1.47 The charity’s principal sources of funds (including any fundraising) Para 1.46 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing the charity Other

Structure, governance and management

Description of charity’s
trusts:
Type of governing document:
for example,trust deed,
memorandum and articles of
association etc		 Para 1.25 Trust Deed
How is the charity
constituted?		 Para 1.25 Trust
for example limited company,
unincorporated association,
CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Appointed

Additional information (optional)

You may choose to include further statements where relevant about:

Para 1.51 Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity’s organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Other

Reference and administrative details

Charity name Abbie’s Fund
Other name the charity uses None
Registered charity number 1152635
Charity’s principal address 25 Scholefield Avenue
Woodmansey
East Yorkshire
HU17 0TN

Names of the charity trustees who manage the charity

1
2
3
4
5		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee(if any)
KatyCowell Manager
Paul Cowell
AudreyStevens
Jill Ellis
Kevin O’Leary

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The company has taken advantage of the small companies’ exemption in preparing the report above.

The trustees declare that they have approved the trustees’ report (including directors’ report) above.

Signed on behalf of the charity’s trustees/directors

Signature(s) Full name(s) Paul Cowell Position (for example Trustee Secretary, Chair, etc)

Date 07/10/21