IM irwinmitchell ANNABELS FOUNDATION REGISTERED GHARITY NO. 1193422 FINANCI L STATEMENTS Fnr th orrod ended S A ril 20 (Ref.. 05410168-21 ANNABELS FOUNDATION REGISTERED GHARITY NO.1193422 Contents to Flnanclal Statements for th6 erlod èndèd S A rll 202 Pa Annual Report of Ihe Trustees Independenl Examinerf3 Report Balanc6 Sheet Slalemenl of Flnancial Acliv¢lles Slalemenl of Cash Flows 8-12 Notes to FinaiiGtal 81atemeiits 1&18 Schedule of Investments and Income ANNUAL REPORT OF THE TRUSTEES For the period ended S Aprll 2022 Full name of Charity: Annabels Foiindalion Nature of governlng document: Original Consiiiuiion date¢Y 4 February 2021 Registration Number: 1193422 Trustees: Peter John Kanabus Annabel Kanabus Adiian Kanabus Irwin Mitchell Trustees Limited Reglstered Address: New House Farm. Worthing Road, Wesl Grinstead, Horsham, RH13 8GH Banker: National Weslminsler Bank Plc, 47 Carfax, Horsham, Wesl Sussex, ft1112 1fD Solicitors: Irwin Mitchell LLP, Thomas Eggar House, Friary Lane, Chichester, Wesl Sussex, P019 1UF Investment Managers: JM Finn & Co. 25 Coplhall Avenue, London. EC2R 7AH Independent Examlner Claire Norwood, Jones Avens Limited, 4 Dukes Court, Bognor Road, Chichester, Wesl Sussex. P019 8FX Operating Restrlctions: Chaiilable objects according to the Law of England Spoclflc Investment powers: Powers qiven lo the T¥ustees in accordance with the Trustee Act 2000 as detailed in the Conslilulion dated 4 February 2021 GA= 5257352_1 Objects of the charlty The Trustees shall hold the capital and income of the Trust Fund upon trust lo apply the income and all or such part or parts of the capital al such lime or limes and in such manner lo or for the public benefit, the relièf of giekness and the pres8rvalion of haallh by improving pain management through reoearch into improved diagnosis and treatment by fundin9 research carried out in Universities and hospital sellings and 11 Is dlssemlnaied 10 the public, an(J by funding beiier ways of informing patients about (Jevelopmenls in infectious diseases. To provide gran18 and donations for such charitable purposes, for the public benefit, that are exGlusively charitable according lo the laws of England and Wales as the Iruslees may from time to lime determine. The trustees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the charity should undertake. Grant maklng pollcy . The capital and income of the Trust is lo provide only forthe assistance or provision offunds as detailed in the Constitution dated 4 February 2021. The trustees have set up a website to provide guidance to potential grantees MYw.annabelsfoundalion.or Achievements and performance: During their first aecounting period tho Irusloos mado 7 grants lolalling £1,971. No further pledgeg were made, bringing the total grants and pledges in the period ended 5 April 202210 £1,971. FinanGial review and investment pollcy . There are no reslriclions on the charity's power to invest. The investment strategy is set by the ITuslees for a period of five years and lakes account of demand for furTrds. The trustees consider the income requirements, the risk profile and the investment manager's view of the market proSp￿lS in the medium term. This strategy is set within an overall policy which stales that the fund is lo be invested in moderate risk investments with a view lo ensuring that cap￿tal appreciation of the fund exceeds inllalion over each five year period. The funds may be invested in any type of investment. Our strategy is reviewed with our investment managers annually. This is the first accounting period of Annabels Foundation. During the year incoming resources lotalled £652,135 and resources expended lolalled £25,877 and there were other recognised gains of £205,486. As a rc￿ul1 Ihc fund balance carried forward al 5 April 2022 was £831,744 The Trustees confirm that they did not receive any remuneration during the year, nor were they reimbursed for any expenses. Reserves pollcy . It is the policy of the charity lo maintain unreslricled funds. which are the free reserves of the charity. al a level which equates lo approximately six months expenditure. This provides sufficient funds lo cover management and adminislralion and support costs and lo respond lo emergency applications for grants which may arise. Unrestricted funds were maintained al this level throughout the year. Risk managomont.. The trustees have examined the major slralegic, business and operational iisks which the ¢harily faces and confirm Ihal systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. Personal Ilablllty of Trustee5 and Conflicts of Interest Trustees always consider matters ofconflict of inlereslwhere relevant. In situations where anylruslee may be in conflict. those Iruslees abstain from voting and discussion. This is particularly relevant where the Iruslees have personal connections with the beneficiaries of the charity's funds such as charity not for profil organisalions and individuals. GA.. 5257352 1 The charity is an unincorporated trust and therefore personal liability of Ifustees is unlimited. However, the activities of the Charity as such are that there is very little exposure lo liability for the Iruslees. The Iruslees have a strict grant making policy and donations are monitored to ensure that donations are being used as intended by Ilie Tiubl. Trustees, responsiblllties in relation to the financial statements Law appliGable lo charities in England and Wales requires the trustees lo prepare financial 31glemenls foreech financial year which give a true and fair view of the charity's financial activities during the year and of its financial position al the end of the year. In preparing those financial slatemenls, the trustees are required to.. select suitable accounting policies and then apply them consislenlly. obSe￿e the methods and prlnciples in the Charities SORP., make judgements and estimates that are reasonable and prudent slate whether applicable accounting standards and statements of recommended practice have been followed subject lo any departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping sufficient accounting recordswhich disc105ewilh reasonable accuracy ai any time the financlal poslllon of the charlly and enable them to ensure Ihat the finanGlcil slcilerrieiilb Luiiiply with the Charities Act 2011. They are also responsible for safequarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irreguEarilies. TheTrustees confirm that the acGounls comply with the governing document. Al present there are four Trustees. the minimum allowed in the Trust Deed. with an unlimited maximum. The first Trustees are enlilled lo hold Offi￿ for life. nri Annabel Kanabus ohn Kanabus Adrian Kanabus Irwin Mitchell Trustees Limited 2()12_ GA.. 5257352 1 ANNABELS FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ANNABELS FOUNDATION I report lo the Iruslees on my ex8mination of the financial stslemenls of Annabels Foundation {Ihe 'charily'l for Ilie peiiutj eiitSe¢J S April 2022. Responslbilitles and basls of report As the Iruslees ol the charily you are responsible for the preparation of the financial slalemenls in accordance with the requirements of the Charities Act 2Q11 Ilhe 2011 Acll. I report in respect of my examination of the charily's financial slalemenls Carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charily Commission under section 145{Sllbl of the 2011 Act. Independent examlner's statement Since the charity's gross income exceeded £250,000 your examiner musl be a member of a body listed in seLlivii 145 uf Ilie 2011 Atyl, I burifirtn (hat l am qualified to undertake ihe examlnaiion because l am a member of the Institute of Chartered Accounlanls in England and Wales, which is one of the listed bodies. I hav8 completed my axaminalion. I confirm that no Matters havc Come lo my attontion In connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or the financial slatements do not a¢cord with those records., or the financial slalemenls do not comply with the applicable requirements concerning the form and conlenl of accounts sel out in the Charities {Accounls and Reports) Regulations 2008 other than any requirement Ihal the accounts give a true and fair view which is not a mattèr considered as part of an independenl examination. I have nn ranrprn$ rnmg_ xe.rooo 88 ooc> ryryryry > ts) rl Qotro orJ OO_ 00 JO 4 0) 000 0000 ooo 00 00 oao ¢4 r D ¢n QOPO OQ OOPO OS Oa￿0 oo