Registered Charity Number : 1199567
THE MABEL FOUNDATION a Charitable Incorporated Organisation
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR END 30 April 2024
THE MABEL FOUNDATION The Broadgate Tower Third Floor 20 Primrose Street LONDON
CONTENTS
FOR THE YEAR ENDED 30 April 2024
THE MABEL FOUNDATION
TRUSTEES' REPORT ....................................................................................................................................................... 3 STATEMENT OF FINANCIAL ACTIVITIES ................................................................................................................. 7 BALANCE SHEET ............................................................................................................................................................ 8 NOTES TO THE FINANCIAL STATEMENTS ............................................................................................................... 9
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THE MABEL FOUNDATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 April 2024
Structure, Governance and Management
Charity number: 1199567
CIO - FOUNDATION Registered 06 Jul 2022
Objectives and Activities
The objects of the charity are to relieve poverty among individuals facing financial hardship, particularly in Africa, by providing sustainable feminine hygiene products and by teaching and training women to produce these products. The charity also aims to advance and promote health by making these products accessible and by educating women about menstruation and their own bodies. This empowers women to make informed decisions and enhances their access to life opportunities, including education.
Activities - How the Charity Utilizes Its Resources
Mabel adopts a holistic approach to addressing period poverty in remote areas of Africa. We collaborate with local communities and organizations to distribute reusable period products, provide menstrual education, train local sewing groups to produce reusable pads, transforming them into micro-enterprises, and conduct surveys to gain deeper insights and offer better support to these communities.
The Trustees who served during the year and up to the date of signature of the financial statements were:
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Lauren Mellor (Chair) (Appointment 01 March 2022)
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Andrew Grant Kark ( Charity Secretary) (Appointment 01 March 2022)
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Kate Megan McCaslin (Trustee) (Appointment 01 March 2022)
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Ann Marie Spillane (Trustee)(Appointment 01 March 2022)
Organisation Structure
The Trustees are responsible for preparing the Trustees Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Trust and of the incoming resources and application of resources of the Trust for that year.
In preparing these accounts, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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THE MABEL FOUNDATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 April 2024
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed.
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees report was approved by the Board of Trustees.
Registered Address:
The Broadgate Tower Third Floor 20 Primrose Street London United Kingdom EC2A 2RS
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THE MABEL FOUNDATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 April 2024
2024 Trustees Report
2023-2024 was a year of growth and strengthened relationships for The Mabel Foundation, with a focus on building connections with Mabel Ambassadors and expanding our fundraising efforts.
Expanding Access to Menstrual Products
On April 14, 2023, The Period Company, based in Los Angeles, generously donated 80 pairs of period underwear to The Mabel Foundation. These period underwear were allocated to the MWCT Menstrual Project, an initiative that has been running since 2021, providing sustainable menstrual solutions to communities in need.
In August 2023, our partnership with The Period Company deepened further with an additional donation of 495 pairs of period underwear. Kate assisted in collecting the shipment in Los Angeles, and 390 pairs were donated to the community of Maui, Hawaii, following the devastating wildfires that swept the island. A community member working at United Airlines personally transported the donation and distributed them to local shelters on behalf of The Mabel Foundation. The remaining 105 pairs, along with the 80 pairs from the initial April donation, were later delivered to MWCT in Kenya. Our on-the-ground partners distributed them to local schools in the Kuku Region, accompanied by Mabel menstrual health lessons.
Securing Our Corporate Donation
In May 2023, Ann Marie applied for The Mabel Foundation’s first big corporate donation through Eli Lilly, a global pharmaceutical company with operations in Ireland. This opportunity arose from Eli Lilly’s commitment to social impact and health equity initiatives.
In October 2023, Ann Marie’s tireless efforts paid off when The Mabel Foundation was donated £8,895.84, received on October 23, 2023. This funding marked a significant milestone for our foundation, supporting our mission to provide menstrual health resources to underserved communities.
Welcoming Our First Mabel Ambassadors
Brady Poskin – Ultra Trail Mont Blanc
In September 2023, we proudly welcomed our first Mabel Ambassador, Brady Poskin, who took on the formidable 106-mile Ultra Trail Mont Blanc, one of the most grueling and technical endurance races in the world. Family and friends rallied behind Brady’s achievement, raising $2,317.77 for The Mabel Foundation. Following the race, Brady and Kate traveled to Kenya to personally deliver period underwear from The Period Company to MWCT. Their visit ensured that the donation reached local schools, reinforcing our commitment to both menstrual equity and community engagement.
Leanne Maiden – Atlantic Challenge Race
On December 12, 2023, Leanne Maiden became our second Mabel Ambassador as she set off solo on the 3,000-mile Atlantic Challenge Race. With the Mabel logo proudly displayed on her boat, Leanne used her platform to raise awareness about menstrual equity, documenting her journey and drawing parallels between her experience of life at sea—often without access to proper toilets or water—and the challenges millions of girls and women face during their periods.
On February 17, 2024, after more than two months at sea, Leanne crossed the finish line, making history as the first South African woman to complete the Atlantic crossing solo, earning a Guinness World Record.
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THE MABEL FOUNDATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 April 2024
Her goal is to raise funds for three charities, including The Mabel Foundation, by selling her boat and equipment.
Conclusion
This past year has been a testament to the power of collaboration, resilience, and the unwavering support of our partners, donors, and ambassadors. As we step into 2024, The Mabel Foundation remains committed to expanding our impact, advocating for menstrual equity, and empowering communities worldwide. Thank you for being a part of our journey.
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STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 April 2024
THE MABEL FOUNDATION
| Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Separate material item of income 3 Total Expenditure on: Charitable activities 4 Other 5 Total Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted Funds Total Funds 2024 Total Funds 2023 £ £ £ 13215.39 13215.39 45.28 - - 1,799.73 |
|---|---|
| 13,215.39 13,215.39 1,845.01 |
|
| 55.64 55.64 36.80 - - - |
|
| 55.64 55.64 36.80 |
|
| 13,159.75 13,159.75 1,808.21 |
|
| 13,159.75 13,159.75 1,808.21 |
|
| 1866.21 1866.21 58.00 |
|
| 15,025.96 15,025.96 1,866.21 |
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THE MABEL FOUNDATION
BALANCE SHEET
FOR THE YEAR ENDED 30 April 2024
| Recommended categories by activity Notes Current assets Cash at bank and in hand 6 Total current assets Total net assets or liabilities Funds of the Charity Unrestricted funds 7 Restricted income funds 7 Endowment funds 7 Revaluation reserve Total funds |
Unrestricted Funds Total Funds 2024 Total Funds 2023 £ £ £ 17,423.61 17,423.61 4,337.46 17,423.61 17,423.61 4,337.46 |
|---|---|
| 17,423.61 17,423.61 4,337.46 |
|
| 15,025.96 15,025.96 1,866.21 - - - - 2,397.65 2,397.65 2,529.25 |
|
| 17,423.61 17,423.61 4,395.46 |
The financial statements were approved by the Board on 19[th] February 2025 and signed on its behalf by:
Andrew Grant Kark Charity Secretary
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THE MABEL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2024
1 Accounting Policies
1.1 Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.2 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.3 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
2 Income from Donations and Legacies
| Analysis Donation and gifts Other |
Unrestricted funds Total funds 2024 Total funds 2023 £ £ £ 13,215.39 13,215.39 45.27 0.01 |
|---|---|
| 13,215.39 13,215.39 45.28 |
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2024
THE MABEL FOUNDATION
3 Separate Material Item of Income
| Analysis Material item income |
Unrestricted funds Total funds 2024 Total funds 2023 £ £ £ - - 1,799.73 |
|---|---|
| - - 1,799.73 |
4 Expenditure on Charitable Activities
| Analysis IT Software and Consumables Postage, Freight and Couriers Bank Charges Legal/Professional Fees |
Total funds 2024 Total funds 2023 £ £ 55.64 36.80 - - - - - - |
|---|---|
| 55.64 36.80 |
5 Other Expenditure
| Material item expense | Total funds 2024 Total funds 2023 £ £ - - |
|---|---|
| - - |
6 Cash at bank and in hand
| Natwest Paypal |
Total funds 2024 Total funds 2023 £ £ 13,151.33 4,255.39 4,272.28 82.07 |
|---|---|
| 17,423.61 4,337.46 |
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2024
THE MABEL FOUNDATION
7 Charity funds
7.1 Details of material funds held and movements during the CURRENT reporting period
| Fund names Unrestricted funds General Fund Total |
Fund balances brought forward Income Expenditure Transfers Gains and Losses Fund balances carried forward £ £ £ £ £ £ |
|---|---|
| 1,866.21 13,215.39 (55.64) - - 15,025.96 |
|
| 1866.21 13215.39 (55.64) - - 15025.96 |
7.2 Details of material funds held and movements during the PREVIOUS reporting period
| Fund names Unrestricted funds General Fund Total |
Fund balances brought forward Income Expenditure Transfers Gains and Losses Fund balances carried forward £ £ £ £ £ £ |
|---|---|
| 58.00 1,845.01 (36.80) - - 1,866.21 |
|
| 58.00 1,845.01 (36.80) - - 1,866.21 |
7.3 Transfers between funds This Year
| Amount | ||
|---|---|---|
| £ | ||
| Between unrestricted and restricted funds | - | |
| Between endowment and restricted funds | - | |
| Between endowment and unrestricted funds | ||
| - | ||
| Last Year | ||
| Amount | ||
| £ | ||
| Between unrestricted and restricted funds | - | |
| Between endowment and restricted funds | - | |
| Between endowment and unrestricted funds | - |
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