## The Abel Foundation
Thank you all, for your continued support for the charity, all the help you offer in volunteering and fundraising takes a lot of pressure off Claire & I managing Abels needs. Due to Covid 19 all fundraising had been halted, as the country has been in lockdown. Now we are slowly starting to be able to do activities again, we are encouraging people to start to fundraise for the charity again and would like to thank those that have contributed to some fundraising in the past year.
Our long-term goal is still for our own building. We have a community room, nearly ready to go, just a few more tweaks to be able to offer it out fully for community use. If any one can help with this any support is grateful.
We have a full team of trustees now, and that will help move the charity forward.
Tony Noakes
30/11//2021
Charity Number:
1165605
## **THE ABEL FOUNDATION**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 February 2021**
These accounts have been Prepared by:-
38 Bridge Street Andover SP10 1BW
T: 01264 324103 E: info@oaktreebm.co.uk www.oaktreebm.co.uk
## **THE ABEL FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ABEL FOUNDATION**
**FOR THE YEAR ENDED 28 FEBRUARY 2021**
I report on the accounts of the Trust for the year ended 28 February 2021 which are set out on pages 2-4.
## **Respective Responsibilities of Trustee and Examiner**
The charity's trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the2011 Act)) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts (under section 145 of the 2011 Act);
- to follow the procedures laid down in the general Directions given by the Charity Comission under section 145 (5)(b) of the 2011 Act
- to state whether particular matters have come to my attention.
## **Basis of Independent Examiner's Report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 nad fair view and the report is limited to those matters set out in the statement below.
## **Independent Examiner's 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
- to keep accounting records in accordance with section130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not ben 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.
L MacGinnis MAAT 21-Dec-21 Oaktree Accountants Ltd 38 Bridge St Andover Hampshire SP10 1BW
1
## **THE ABEL FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2020**
Activities relating to the work of the Charity:
|**RECEIPTS**
**Notes**
Fundraising & sponsorship
Collections and Other Giving
Grants
**INCOME FROM INVESTMENTS**
Bank interest
**TOTAL RECEIPTS**
**PAYMENTS**
Special Equipment Purchases
Christmas gifts
Grants
Donation
T shirts
Equipment
Printing and stationery
Website
Book promotion
Advertising
Training
Just giving subsciptions
Professional fees
Fees
Moneypenny
Depreciation
Repairs
Vehicle expenses
TOTAL PAYMENTS
**EXCESS OF RECEIPTS OVER PAYMENTS**|**2021**
1000
6004
23949
30953
55
55
**31007**
1664
1350
42
462
63
120
5000
1794
92
216
360
513
3719
180
15575
**15433**|**2020**
0
31370
7650|
|---|---|---|
|||39020
71|
|||71
**39091**
10264
1133
1500
17
315
491
440
166
1849
0
226
246
83
534
2341
76
777|
|||20458|
|||**18633**|
2
**THE ABEL FOUNDATION**
## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **STATEMENT OF ASSETS AND LIABILITIES AT 28 FEBRUARY 2021**
|**FIXED ASSETTS**
Office
Laptops
Motor vehicle
**MONETARY ASSETS:**
Bank Current Account
Hospice Accounts
Grant Account
**TOTAL ASSETS**
**REPRESENTED BY FUNDS**
Funds at 1/3/2020
Excess of Receipts over Payments
Funds at 28/02/2021|**2021**
1654
633
14657
16944
17953
40120
19069
77142
**94086**
**2021**
78653
15433
**94086**|**2020**
2017
772
7874|
|---|---|---|
|||10663
25805
42085
100|
|||67990|
|||**78653**|
|||**2020**
60020
18633|
|||**78653**|
**THE ABEL FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **1. ACCOUNTING POLICIES**
The accounts have been prepared under the Receipts and Payments method of Accounting. Amounts are included as received by the charity or as cheques drawn or cash paid.
The receipts and payments account and the statement of assets and liabilities have been prepared following the guidance for accounting for smaller charities issued by the Charity Commission.
## **Depreciation**
Depreciation has been provided on the straight line basis in order to write off the cost of depreciable fixed assets over their expected useful lives. The annual rates applied are:-
Office Equipment 18% reducing balance Computer Equipment 18% reducing balance Motor Vehicle 18% reducing balance
## **2. FIXED ASSETS**
## **MOTOR COMPUTER OFFICE VEHICLES EQUIPMENT EQUIPMENT TOTAL**
|**COST**
01/03/2019
Additions in year
28/02/2020
**DEPRECIATION**
01/03/2019
Charge in year
28/02/2020
**NET BOOK VALUE**
28/02/2020
28/02/2019|10296
1147
3000
14443
10000
10000|
|---|---|
||20296
1147
3000
24443|
||2422
375
983
3780
3217
139
363
3719|
||5639
514
1346
7499|
||14657
633
1654
16944|
||7874
772
2017
10663|
Charity Number:
1165605
## **THE ABEL FOUNDATION**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 February 2021**
These accounts have been Prepared by:-
38 Bridge Street Andover SP10 1BW
T: 01264 324103 E: info@oaktreebm.co.uk www.oaktreebm.co.uk
## **THE ABEL FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ABEL FOUNDATION**
**FOR THE YEAR ENDED 28 FEBRUARY 2021**
I report on the accounts of the Trust for the year ended 28 February 2021 which are set out on pages 2-4.
## **Respective Responsibilities of Trustee and Examiner**
The charity's trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the2011 Act)) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts (under section 145 of the 2011 Act);
- to follow the procedures laid down in the general Directions given by the Charity Comission under section 145 (5)(b) of the 2011 Act
- to state whether particular matters have come to my attention.
## **Basis of Independent Examiner's Report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 nad fair view and the report is limited to those matters set out in the statement below.
## **Independent Examiner's 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
- to keep accounting records in accordance with section130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not ben 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.
L MacGinnis MAAT 21-Dec-21 Oaktree Accountants Ltd 38 Bridge St Andover Hampshire SP10 1BW
1
## **THE ABEL FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2020**
Activities relating to the work of the Charity:
|**RECEIPTS**
**Notes**
Fundraising & sponsorship
Collections and Other Giving
Grants
**INCOME FROM INVESTMENTS**
Bank interest
**TOTAL RECEIPTS**
**PAYMENTS**
Special Equipment Purchases
Christmas gifts
Grants
Donation
T shirts
Equipment
Printing and stationery
Website
Book promotion
Advertising
Training
Just giving subsciptions
Professional fees
Fees
Moneypenny
Depreciation
Repairs
Vehicle expenses
TOTAL PAYMENTS
**EXCESS OF RECEIPTS OVER PAYMENTS**|**2021**
1000
6004
23949
30953
55
55
**31007**
1664
1350
42
462
63
120
5000
1794
92
216
360
513
3719
180
15575
**15433**|**2020**
0
31370
7650|
|---|---|---|
|||39020
71|
|||71
**39091**
10264
1133
1500
17
315
491
440
166
1849
0
226
246
83
534
2341
76
777|
|||20458|
|||**18633**|
2
**THE ABEL FOUNDATION**
## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **STATEMENT OF ASSETS AND LIABILITIES AT 28 FEBRUARY 2021**
|**FIXED ASSETTS**
Office
Laptops
Motor vehicle
**MONETARY ASSETS:**
Bank Current Account
Hospice Accounts
Grant Account
**TOTAL ASSETS**
**REPRESENTED BY FUNDS**
Funds at 1/3/2020
Excess of Receipts over Payments
Funds at 28/02/2021|**2021**
1654
633
14657
16944
17953
40120
19069
77142
**94086**
**2021**
78653
15433
**94086**|**2020**
2017
772
7874|
|---|---|---|
|||10663
25805
42085
100|
|||67990|
|||**78653**|
|||**2020**
60020
18633|
|||**78653**|
**THE ABEL FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **1. ACCOUNTING POLICIES**
The accounts have been prepared under the Receipts and Payments method of Accounting. Amounts are included as received by the charity or as cheques drawn or cash paid.
The receipts and payments account and the statement of assets and liabilities have been prepared following the guidance for accounting for smaller charities issued by the Charity Commission.
## **Depreciation**
Depreciation has been provided on the straight line basis in order to write off the cost of depreciable fixed assets over their expected useful lives. The annual rates applied are:-
Office Equipment 18% reducing balance Computer Equipment 18% reducing balance Motor Vehicle 18% reducing balance
## **2. FIXED ASSETS**
## **MOTOR COMPUTER OFFICE VEHICLES EQUIPMENT EQUIPMENT TOTAL**
|**COST**
01/03/2019
Additions in year
28/02/2020
**DEPRECIATION**
01/03/2019
Charge in year
28/02/2020
**NET BOOK VALUE**
28/02/2020
28/02/2019|10296
1147
3000
14443
10000
10000|
|---|---|
||20296
1147
3000
24443|
||2422
375
983
3780
3217
139
363
3719|
||5639
514
1346
7499|
||14657
633
1654
16944|
||7874
772
2017
10663|