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
- 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-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|