Charity Number:
1165605
THE ABEL FOUNDATION
FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 February 2023
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 2023
I report on the accounts of the Trust for the year ended 28 February 2023 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
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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-23 Oaktree Accountants Ltd 38 Bridge St Andover Hampshire SP10 1BW
1
THE ABEL FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022
Activities relating to the work of the Charity:
| RECEIPTS Notes Collections and Other Giving Grants INCOME FROM INVESTMENTS Bank interest TOTAL RECEIPTS PAYMENTS Special Equipment Purchases Christmas gifts Rent Repairs and Maintenance Printing and stationery Website Just giving subsciptions Professional fees General expenses Moneypenny Depreciation Event costs Vehicle expenses TOTAL PAYMENTS EXCESS OF RECEIPTS OVER PAYMENTS |
2023 26706 9818 36524 67 67 36591 7891 1200 1097 179 312 144 216 252 444 3004 5513 523 20774 15817 |
2022 17135 2200 |
|---|---|---|
| 19335 6 |
||
| 6 19341 1842 1350 4142 144 169 216 192 666 596 3302 589 1318 |
||
| 14526 | ||
| 4814 |
THE ABEL FOUNDATION
FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023
2
STATEMENT OF ASSETS AND LIABILITIES AT 28 FEBRUARY 2023
| FIXED ASSETTS Office Laptops Motor vehicle MONETARY ASSETS: Bank Current Account Hospice Accounts Grant Account TOTAL ASSETS REPRESENTED BY FUNDS Funds at 1/3/2022 Excess of Receipts over Payments Funds at 28/02/2023 |
2023 3409 426 9856 13691 28928 56679 15419 101026 114717 2023 98900 15817 114717 |
2022 4157 519 12019 |
|---|---|---|
| 16695 21992 56625 3589 |
||
| 82206 | ||
| 98901 | ||
| 2022 94086 4814 |
||
| 98900 |
THE ABEL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023
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 28/02/2022 DEPRECIATION 01/03/2019 Charge in year 28/02/2022 NET BOOK VALUE 28/02/2023 28/02/2022 |
20296 1147 6053 27496 0 |
|---|---|
| 20296 1147 6053 27496 |
|
| 8277 628 1896 10801 2163 93 748 3004 |
|
| 10440 721 2644 13805 |
|
| 9856 426 3409 13691 |
|
| 12019 519 4157 16695 |