- Chairman Speech Annual Meeting 2025
Firstly I ‘am very proud to be giving the 2024/2025 Annual speech and I would like to give a ` very big thankyou to you all for your continued and ongoing support with The Abel Foundation, past, present and the future.
We have unfortunately had 1 Trustee Leave us in 2024 this leaves us with an exciting opportunity open to a new Trustee to join The Abel Foundation Team
We had a steady 2024 with events from
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The Annual Abel Dinner
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Horseracing event with Bingo
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We attended the Armed Forces Day supporting the event and sharing Information about our charity
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Annual Christmas Fayre
We have successfully given out Christmas grants!
We now have our Flyers in parts of Winchester and Southampton Hospital and hoping to expand on this further.
We have our charity tubs in many support networks
Our Patrons are all amazing and supportive as always but forever on the lookout for more.
Going forward with 2025 we have our Abel Dinner (Masked Ball theme) coming up with also a very exciting Music at the Manor event! we know this is going to be a huge success, we also have lined up A parachute Tandem Jump, Horse Racing/Bingo, Abel Fest and our Annual Christmas Fayre. Then going into 2026 we will be looking at the Calendar of events to see what we can expand as our Annual Calendar of events.
In 2024 we started the build of our own store and satellite office this is on going.
Our Long term Goal is to have our very own Abel Building we can call home this we will hold here to keep it in site.
We currently have a small compliment but amazing and supportive team of trustees whom all play a crucial role in helping guide, support families and move our Charity forward.
I would like to end by thanking all of our incredible fundraisers, Volunteers and supporters, without whom none of these achievements would be possible.
Claire Noakes
Charity Number:
THE ABEL FOUNDATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 February 2025
These accounts have been Prepare by:
Unit 1, Green Lane Industrial Est Thatcham, Berkshire, RG19 3RG T: 0782 555 7320 E:mel@mjfaccounting.com
THE ABEL FOUNDATION INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE ABEL FOUNDATION FOR THE YEAR ENDED 28 FEBRUARY 2025
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:
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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 Commission 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 and fair view and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached .
M Annetts MJF Accounting Services
Unit 1, Green Lane Industrial Est
Thatcham RG19 3RG
THE ABEL FOUNDATION
FINANCIAL STATEMENTS FOR THE ENDED 28 FEBRUARY 2025
| NOTES RECEIPTS Collections and other giving Grants INCOME FROM OTHER INVESTMENTS Bank interest TOTAL RECEIPTS PAYMENTS Special Equipment Purchases Christmas gifts Rent Repairs and Maintenance Printing and Stationery Website Just Giving Subscriptions Professional fees General expenses Moneypenny Depreciation Event costs Vehicle expenses TOTAL PAYMENTS EXCESS OF RECEIPTS OVER PAYMENTS |
2025 12999 3289 16288 509 509 16798 0 900 1380 152 0 130 216 840 156 173 2133 4142 0 10222 6576 |
2024 29700 9600 |
|---|---|---|
| 39300 835 |
||
| 835 40135 1100 1200 4630 1600 304 331 216 204 257 168 2601 7909 2729 |
||
| 23248 | ||
| 16887 |
THE ABEL FOUNDATION
FINANCIAL STATEMENTS FOR THE ENDED 28 FEBRUARY 2025
STATEMENT OF ASSETS AND LAIBILITIES AT 28 FEBRUARY 2025
| FIXED ASSETS Buildings Office Laptops Motor Vehicle MONETARY ASSETS: Bank Current Account Hospice Account Grant Account TOTAL ASSETS REPRESENTED BY FUNDS Funds at 01/03/2024 Excess of receipts over payments Funds at 29/02/2025 |
2025 73287 2803 286 6627 83003 11031.8 36399.4 7745.08 55176.2 138180 2024 131604 6576 138180 |
2024 61929 3418 349 8082 |
|---|---|---|
| 73778 13342 32139 12345 |
||
| 57826 | ||
| 131604 | ||
| 2023 114717 16887 |
||
| 131604 |
THE ABEL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
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:-
18% Reducing balance Computer Equipment 18% Reducing balance Motor Vehicle 18% Reducing balance
2. FIXED ASSETS
| COST 01/03/2024 Additions in Year 28/02/2025 DEPRECIATION 01/03/2024 Charge in year 28/02/2025 NET BOOK VALUE 28/02/2025 28/02/2024 |
Motor Vehicles Computer Equipment Office Equipment Buildings Total 20296 1147 6812 61929 90184 11358 11358 |
|---|---|
| 20296 1147 6812 73287 101542 |
|
| 12214 798 3394 16406 1455 63 615 |
|
| 13668.76 860.82 4009.24 0 16406 |
|
| 6627 286 2803 73287 85136 |
|
| 8082 349 3418 61929 73778 |
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.
All costs attributed to the construction of the building have been accounted for as an asset. As the building is not yet complete depreciation has not yet been applied.