- Chairman Speech Annual Meeting 2024
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 it has been a slow build back of events that we could hold, we still managed to help support those in need and give out grants.
We have started the Abel build, so all item and office can be in one place, as they have been held in 4 places currently.
Our annual dinner again was a success, we raised a lower amount than last year, but still very grateful for the donations we received from it, and look forward to our 2025 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.
We thank our patrons for their support.
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 currently have a small compliment of trustees whom will help move our Charity forward.
Claire Noakes
21/11/2024
Charity Number:
THE ABEL FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 February 2024
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 29 FEBRUARY 2024
I report on the accounts of the Trust for the year ended 29 February 2024 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-24 Oaktree Accountants Ltd 38 Bridge St Andover Hampshire SP10 1BW
1
THE ABEL FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
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 |
2024 29700 9600 39300 835 835 40135 1100 1200 4630 1600 304 331 216 204 257 168 2601 7909 2729 23248 16887 |
2023 26706 9818 |
|---|---|---|
| 36524 67 |
||
| 67 36591 7891 1200 1097 178 312 144 216 252 444 3004 5513 523 |
||
| 20773 | ||
| 15817 |
2
THE ABEL FOUNDATION
FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
STATEMENT OF ASSETS AND LIABILITIES AT 29 FEBRUARY 2024
| FIXED ASSETTS Buildings Office Laptops Motor vehicle MONETARY ASSETS: Bank Current Account Hospice Accounts Grant Account TOTAL ASSETS REPRESENTED BY FUNDS Funds at 1/3/2023 Excess of Receipts over Payments Funds at 29/02/2024 |
2024 61929 3418 349 8082 73778 13342 32139 12345 57826 131604 2023 114717 16887 131604 |
2023 3409 426 9856 |
|---|---|---|
| 13691 28928 56679 15419 |
||
| 101026 | ||
| 114717 | ||
| 2022 98900 15817 |
||
| 114717 |
THE ABEL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024
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 BUILDINGS TOTAL
| COST 01/03/2023 Additions in year 28/02/2024 DEPRECIATION 01/03/2023 Charge in year 28/02/2024 NET BOOK VALUE 28/02/2024 28/02/2023 |
20296 1147 6053 28255 759 61929 62688 |
|---|---|
| 20296 1147 6812 61929 90184 |
|
| 10440 721 2644 13805 1774 77 750 2601 |
|
| 12214 798 3394 16406 |
|
| 8082 349 3418 61929 73778 |
|
| 9856 426 3409 0 14450 |
Land for a building to be built for storage and an office for The Abel Foundation has been donated by Mr and Mrs Noakes.
An amount of £44316 has been spent on the building by Mr and Mrs Noakes and has not yet been reimbursed by the charity. This amount has not been included in the accounts.
Charity Number:
THE ABEL FOUNDATION
FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 February 2024
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 29 FEBRUARY 2024
I report on the accounts of the Trust for the year ended 29 February 2024 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-24 Oaktree Accountants Ltd 38 Bridge St Andover Hampshire SP10 1BW
1
THE ABEL FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
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 |
2024 29700 9600 39300 835 835 40135 1100 1200 4630 1600 304 331 216 204 257 168 2601 7909 2729 23248 16887 |
2023 26706 9818 |
|---|---|---|
| 36524 67 |
||
| 67 36591 7891 1200 1097 178 312 144 216 252 444 3004 5513 523 |
||
| 20773 | ||
| 15817 |
2
THE ABEL FOUNDATION
FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
STATEMENT OF ASSETS AND LIABILITIES AT 29 FEBRUARY 2024
| FIXED ASSETTS Buildings Office Laptops Motor vehicle MONETARY ASSETS: Bank Current Account Hospice Accounts Grant Account TOTAL ASSETS REPRESENTED BY FUNDS Funds at 1/3/2023 Excess of Receipts over Payments Funds at 29/02/2024 |
2024 61929 3418 349 8082 73778 13342 32139 12345 57826 131604 2023 114717 16887 131604 |
2023 3409 426 9856 |
|---|---|---|
| 13691 28928 56679 15419 |
||
| 101026 | ||
| 114717 | ||
| 2022 98900 15817 |
||
| 114717 |
THE ABEL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024
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 BUILDINGS TOTAL
| COST 01/03/2023 Additions in year 28/02/2024 DEPRECIATION 01/03/2023 Charge in year 28/02/2024 NET BOOK VALUE 28/02/2024 28/02/2023 |
20296 1147 6053 28255 759 61929 62688 |
|---|---|
| 20296 1147 6812 61929 90184 |
|
| 10440 721 2644 13805 1774 77 750 2601 |
|
| 12214 798 3394 16406 |
|
| 8082 349 3418 61929 73778 |
|
| 9856 426 3409 0 14450 |
Land for a building to be built for storage and an office for The Abel Foundation has been donated by Mr and Mrs Noakes.
An amount of £44316 has been spent on the building by Mr and Mrs Noakes and has not yet been reimbursed by the charity. This amount has not been included in the accounts.