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:
- Lauren Mellor (Chair) (Appointment 01 March 2022)
- Andrew Grant Kark ( Charity Secretary) (Appointment 01 March 2022)
- Kate Megan McCaslin (Trustee) (Appointment 01 March 2022)
- 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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- 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
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
- 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**|
7
## **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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