- Chairman Speech Annual Meeting 2022
Firstly, I would like to give a big thankyou to you all for your continued and ongoing support with The Abel Foundation, past, present and the future.
Following on from Covid-19 and coping with the aftermath of Covid and the lack of events that we could hold, we still managed to help support those in need and give out grants.
Moving Forward to ensure the validity we have adopted a back-to-basics approach of cost cuttings to ensure our future is more stable.
The year may have been slow with donations and events but we continue to hold our own, going forward in the year we have had an amazing couple of events especially the annual dinner.
We still successfully managed to pay our Christmas Grants and with a few minor course directions we have had trustees coming and going; however, I believe we are steadfast for the future.
Our Patrons of support for the Charity has also grown we welcomed an additional Patron this year too, Welcome Mandy Baggot.
Our short-term Goals are to build on our ongoing annual calendar of events, Dinner, Abel Fest along with the Abel team walk, The Christmas Fayre, and a Sporting event. We are also very much looking forward to start taking bookings for our community room in 2023.
Long term Goals is to have our very own Abel Building we can call home.
We currently have a small compliment of trustees whom will help move our Charity forward.
Claire Noakes
21/11/2022
Charity Number:
1165605
THE ABEL FOUNDATION
FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 February 2022
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 2022
I report on the accounts of the Trust for the year ended 28 February 2022 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:
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examine the accounts (under section 145 of the 2011 Act);
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to follow the procedures laid down in the general Directions given by the Charity Comission under section 145 (5)(b) of the 2011 Act
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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
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to keep accounting records in accordance with section130 of the 2011 Act; and
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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-22 Oaktree Accountants Ltd 38 Bridge St Andover Hampshire SP10 1BW
1
THE ABEL FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021
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 Repairs and Maintenance Equipment Printing and stationery Website Book promotion Advertising Training Just giving subsciptions Professional fees General expenses Moneypenny Depreciation Event costs Vehicle expenses TOTAL PAYMENTS EXCESS OF RECEIPTS OVER PAYMENTS |
2022 17135 2200 19335 6 6 19341 3497 1350 216 4142 144 169 192 666 596 3302 589 1318 16181 3160 |
2021 1000 6004 23949 |
|---|---|---|
| 30953 55 |
||
| 55 31008 1664 1350 42 180 462 63 120 5000 1794 92 216 360 513 3719 |
||
| 15575 | ||
| 15433 |
2
THE ABEL FOUNDATION
FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022
STATEMENT OF ASSETS AND LIABILITIES AT 28 FEBRUARY 2022
| FIXED ASSETTS Office Laptops Motor vehicle MONETARY ASSETS: Bank Current Account Hospice Accounts Grant Account TOTAL ASSETS REPRESENTED BY FUNDS Funds at 1/3/2021 Excess of Receipts over Payments Funds at 28/02/2022 |
2022 5270 519 12019 17808 21992 56625 3589 82206 100014 2022 94086 3160 97246 |
2021 1654 633 14657 |
|---|---|---|
| 16944 17953 40120 19069 |
||
| 77142 | ||
| 94086 | ||
| 2021 78653 15433 |
||
| 94086 |
THE ABEL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022
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 Computer Equipment Motor Vehicle
18% reducing balance 18% reducing balance 18% reducing balance
2. FIXED ASSETS
MOTOR COMPUTER OFFICE VEHICLES EQUIPMENT EQUIPMENT TOTAL
| COST 01/03/2019 Additions in year 28/02/2021 DEPRECIATION 01/03/2019 Charge in year 28/02/2021 NET BOOK VALUE 28/02/2022 28/02/2021 |
20296 1147 3000 24443 4166 4166 |
|---|---|
| 20296 1147 7166 28609 |
|
| 5639 514 1346 7499 2638 114 550 3302 |
|
| 8277 628 1896 10801 |
|
| 12019 519 5270 17808 |
|
| 14657 633 1654 16944 |