Annabelle Foundation For Angelman
Website: [website here]
Trustees' Annual Report for the Financial Period from 17 April 2023 to 5 April 2024
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TABLE OF CONTENTS
TO OUT STOCKHOLDERS______3 Strategic Highlights________3 Financial Highlights________3 Operating Highlights________3 Looking Ahead__________3 FINANCIAL SUMMARY_______4 FINANCIAL STATEMENTS______5 Statement of Financial Position_______5 Statement of Comprehensive Income (Profits and Losses)__5 Statement of Changes in Equity______5 Statement of Cash Flows_______5 NOTES TO FINANCIAL STATEMENTS____6 Accounts___________6 Debt____________6 Debt____________6 Going Concern__________6 Contingent Liabilities________6 Points to Take Away_________6 INDEPENDENT AUDITOR’S REPORT_____7 Auditor’s Report___________7
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EXECUTIVE SUMMARY
Strategic Highlights
During the financial period from 17 April 2023 to 5 April 2024, the Annabelle Foundation for Angelman Syndrome achieved several strategic milestones that have set a strong foundation for future growth and impact:
A. Establishment of Foundational Infrastructure
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Governance Framework:
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Developed and implemented comprehensive governance policies, ensuring compliance with legal and ethical standards.
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Established sub-committees focusing on key areas such as fundraising, outreach, and finance.
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Digital Presence:
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Launched the official website and social media platforms, enhancing visibility and accessibility to a global audience.
B. Strategic Partnerships and Collaborations .
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Educational Institutions:
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Organised awareness days and events in collaboration with local companies.
C. Volunteer and Community Engagement
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Volunteer Recruitment:
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Built a dedicated team of volunteers who contribute to various aspects of the charity's work.
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Provided training and development opportunities to enhance volunteer effectiveness.
Community Building:
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Fostered a supportive community through online forums and local meet-ups.
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Encouraged peer-to-peer support among families affected by Angelman Syndrome.
D. Financial Strategy and Sustainability
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Diversifying Income Streams:
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Identified potential grants and funding opportunities to pursue in the next financial period.
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Planned for fundraising events aimed at both raising funds and increasing awareness.
Financial Stewardship:
- Implemented strict financial controls and oversight mechanisms.
E. Advocacy and Awareness
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Public Awareness Campaigns:
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Strategically timed campaigns to coincide with international Angelman Syndrome awareness events.
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Utilised storytelling and personal narratives to humanise and highlight the challenges faced by those affected.
F. Future-Focused Initiatives
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Research Engagement:
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Mapped out plans to support research through funding and collaboration.
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Established connections with research institutions specialising in genetic disorders.
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Strategic Planning:
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Conducted a SWOT analysis to inform future strategies.
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Set clear, measurable objectives for the next three years to track progress and impact.
Financial Highlights
During the financial period from 17 April 2023 to 5 April 2024, the Annabelle Foundation for Angelman Syndrome operated with limited financial resources, reflecting its status as a newly established charity. Despite the modest income, the foundation made significant strides in laying a solid financial groundwork for future operations .
A. Income Generation
- Total Income: The charity raised £1,000 during this period, primarily through personal donations from trustees, founding members, and close supporters.
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- Donor Engagement: Initial fundraising efforts focused on building relationships with potential donors and supporters who are passionate about the cause.
B. Expenditure Management
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Zero Operational Expenses: The foundation incurred no expenses during this period. All activities, including awareness campaigns and support services, were carried out by volunteers and trustees who generously covered incidental costs themselves.
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In-Kind Contributions: Received non-monetary support in the form of volunteer time, professional expertise, and donated services, which significantly enhanced operational capacity without impacting financial resources.
C. Financial Stewardship
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Reserves: The entire income of £1,000 has been retained as reserves. This prudent approach ensures that the charity has a financial cushion to support upcoming projects and unforeseen expenses.
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Financial Controls: Established robust financial policies and procedures, including regular financial reviews and oversight by the treasurer and trustees, to ensure transparency and accountability.
D. Strategic Financial Planning
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Fundraising Strategy: Developed a comprehensive fundraising plan aimed at diversifying income streams. Planned initiatives include community events, grant applications, and corporate partnerships.
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Budgeting for Impact: Created preliminary budgets for future projects to ensure that funds are allocated efficiently and effectively to maximize impact.
E. Future Outlook
- Scaling Operations: With a solid financial foundation, the charity is poised to scale up activities in the next financial period, utilising the reserves to kickstart key initiatives.
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“They may not speak with words, but their smiles and laughter speak the language of love and joy”
Looking Ahead
Building on the momentum of our inaugural year, the Annabelle Foundation for Angelman Syndrome is enthusiastic about the opportunities that lie ahead. Our focus for the upcoming financial period will be on scaling our initiatives, enhancing our support services, and solidifying our financial foundation to make a more significant impact on the lives of those affected by Angelman Syndrome.
Public Benefit Statement
The trustees confirm that they have complied with their duty under the Charities Act 2011 to have due regard to the Charity Commission's public benefit guidance. The activities undertaken during the period directly contribute to the public benefit by increasing awareness, providing support, and promoting education regarding Angelman Syndrome.
Jamie Farley Trustee
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FINANCIAL SUMMARY
The trustees are responsible for preparing the annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards. The following guidance has been followed throughout the financial year.
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Select and consistently apply suitable accounting policies.
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Make reasonable and prudent judgments and estimates.
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Prepare financial statements on a going concern basis unless inappropriate.
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Keep proper accounting records and safeguard the charity's assets.
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Prevent and detect fraud and other irregularities.
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FINANCIAL STATEMENTS
Statement of Financial Position
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2024
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(£)
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Fixed Assets Tangible Assets £0 Total Fixed Assets £0 Current Assets Cash at Bank and in Hand
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£1,000
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Debtors
£0
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Total Current Assets £1,000
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Liabilities Creditors: Amounts Falling Due Within One Year £0 Net Current Assets £1,000 Total Assets Less Current Liabilities £1,000 Net Assets £1,000
Accounting Policies
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Basis of Preparation: The accounts have been prepared in accordance with the Charities SORP (FRS 102) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.
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Fund Accounting: Funds held by the charity are either unrestricted general funds or restricted funds for use in line with the charity's objectives
Fixed Assets
The charity held no fixed assets during the period.
- Current Assets
Cash at Bank and in Hand: Represents the total cash held in the charity's bank accounts as of 5 April 2024.
Debtors: There were no amounts owed to the charity at the end of the period.
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Liabilities
Creditors: There were no amounts owed by the charity falling due within one year.
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NOTES TO FINANCIAL STATEMENTS
Accounts
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Debt
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Debt
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Going Concern
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Contingent Liabilities
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Points to Take Away
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INDEPENDENT AUDITOR’S REPORT
Auditor’s Report
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Unqualified Opinion
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Qualified Opinion Report
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Adverse Opinion Report
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Disclaimer of Opinion Report
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Auditor's Report on Internal Controls of Public Companies
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Going Concern