## **Abalon**
## **Financial Statements**
## **30 April 2021**
**Registered company number:** CE007388
**Registered charity number:** 1167443
**Abalon** 30 April 2021 Registered company number: CE07388 Registered charity number: 1167443
## **Contents**
|**Administrative information**|2|
|---|---|
|**Statement of financial activities**|3|
|**Balance sheet**|4|
|**Notes to the financial statements**|5|
1
**Abalon** 30 April 2021 Registered company number: CE07388 Registered charity number: 1167443
## **Administrative information**
## **Trustees**
Adam Mapani Charles Pierce Yetunde Obadeyi Charlene Wilson (From 29 December 2020) Graham Knight (From 31 December 2020)
## **Registered office**
4/4A Bloomsbury Square, London, Greater London, WC1A 2RP
## **Bank**
NatWest
Liverpool Street Station branch, PO Box 282, 216 Bishopsgate, London, EC2M 2QB
2
||||||**Abalon**|
|---|---|---|---|---|---|
||||||30 April 2021|
||||Registered company number: CE07388|||
||||Registered charity number: 1167443|||
|**Statement of financial activities**||||||
|_for year ending 30 April 2021_||||||
|||**Unrestricted**|**Restricted**|**Total**|Total|
|||**2021**|**2021**|**2021**|2020|
|||**£**|**£**|**£**|£|
|**Incoming resources from generated**|**funds**|||||
|Donations|**1**|**1,991**|**-**|**1,991**|2,683|
|Charitable activities|**2**|**3,022**|**10,900**|**13,922**|1,480|
|||**_____**|**_____**|**_____**|_____|
|||**5,013**|**10,900**|**15,913**|4,163|
|||**_____**|**_____**|**_____**|_____|
|**Resources expended**||||||
|Charitable Expenditure|**3**|**2,089**|**7,498**|**9,587**|3,285|
|||**______**|**______**|**______**|______|
|Total resources expended||**2,089**|**7,498**|**9,587**|3,285|
|||**______**|**______**|**______**|______|
|**Profit for the year**||**2,924**|**3,402**|**6,326**|
878|
|**Reconciliation of funds**||||||
|Total funds brought forward||4,253|-|4,253|3,375|
|**Total funds carried forward**||**7,177**|**3,402**|**10,579**|4,253|
3
**Abalon** 30 April 2021 Registered company number: CE07388 Registered charity number: 1167443
|**Balance sheet**
_for the year ended 30 April 2021_
**Fixed assets**
**4**
**Current assets**
Cash at bank and in hand
Total assets
**Creditors due in less than one**
**year**
**5**
Net assets
**Funds**
Unrestricted funds
Restricted funds
**6**||**2021**
**£**
**1,053**
**_____**
**1,053**
**_____**
**10,968**
**_____**
**12,021**
**_____**
**(1,442)**
**10,579**
**7,177**
**3,402**
**_____**
**10,579**|
|2020
£
-
_____
-
_____
4,253
_____
4,253
_____
-
4,253
4,253
-
_____
4,253|
|---|---|---|---|---|
||
||
||
||||||
The accounts were approved by the board and authorised for issue on 30 December 2021
## **Adam Mapani**
Trustee
4
**Abalon** 30 April 2021 Registered company number: CE07388 Registered charity number: 1167443
## **Notes to the financial statements**
_for the year ended 30 April 2021_
## **1. Accounting policies**
## **Revenue recognition**
Income including donations and grants is recognised where there is entitlement, probability of receipt and the amount can be measured with sufficient reliability. Such income is only deferred where the donor has specified that the grant or donation must be used in a future accounting period.
## **Expenditure**
Expenditure is recognised when a liability is incurred.
Charitable activities include expenditure associated with delivering the Charity’s objects. These include both the direct costs and support costs relating to these activities.
## **Fixed assets and depreciation**
Expenditure that is considered to be capital in nature is capitalised and depreciated on a straight line basis over the following amount of years:
Office equipment 3 years
5
**Abalon** 30 April 2021 Registered company number: CE07388 Registered charity number: 1167443
|**1 Donations**
**2021**
**£**
**General donations**
**1,991**
**_____**
**1,991**
**_____**
**2 Charitable activities**
**2021**
**£**
**Grant income**
**10,900**
**Fundraising**
**3,022**
**_____**
**13,922**
**_____**
**3 Charitable activities**
**2021**
**£**
**Direct costs**
**6,645**
**Overheads**
**1,556**
**Management costs**
**860**
**Depreciation**
**526**
**_____**
**9,587**
**_____**|2020
£
2,683
_____
2,683
_____
2020
£
1,000
480
_____
1,480
_____
2020
£
-
3,285
-
-
_____
3,285
_____|
|---|---|
6
**Abalon** 30 April 2021 Registered company number: CE07388 Registered charity number: 1167443
|**Notes to the financial statements**
_for the year ended 30 April 2021_
**4 Fixed assets**
**Cost**
**As at 1 May 2020**
Additions
**As at 30 April 2021**
**Depreciation**
**As at 1 May 2020**
Charge for the year
**As at 30 April 2021**
**Net book value**
**As at 30 April 2020**
**As at 30 April 2021**
**5 Creditors**
**Accruals**
|**2021**
**£**
**Office**
**equipment**
**-**
1,579
**1,579**
**Office**
**equipment**
**-**
526
**526**
**-**
**1,053**
**2021**
2020
**£**
£
**1,442**
-
**_____**
_____
**1,442**
**_____**
_____|
|---|---|
7
**Abalon** 30 April 2021 Registered company number: CE07388 Registered charity number: 1167443
## **Notes to the financial statements**
_for the year ended 30 April 2021_
## **6 Restricted funds**
||**Power to**|**Neighbourly**|**Macular**||
|---|---|---|---|---|
|**Grants**|**Change**|**Limited**|**Disease**|**Total**|
||**£**|**£**|**£**|£|
|**As at 1 May 2020**|**-**|-|-|-|
|Income|10,000|400|500|10,900|
|Expenditure|(6,598)|(400)|(500)|(7,498)|
|**As at 30 April 2021**|**3,402**
|**-**|**-**|**3,402**|
## PARAGRAPHS TO BE PROVIDED
8