Trustees’ Annual Report for the period
From 1 April 2022 to 31 March 2023
Charity name: ABF Charitable Trust
Charity registration number: 1170155
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | Distribution of funds to charitable causes in the Alton area, per the constitution |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Funds are received from the Alton Beer Festival events. These funds are then distributed by ABF Charitable Trust. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Yes, confirmed. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | Yes, formal grant award policy in place. |
| Policy on social investment including program related investment |
Para 1.38 | Not applicable, no investments. |
| Contribution made by volunteers |
Para 1.38 | Volunteers contribute time only. |
| Other |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The charity has awarded 7 grants to 4 separate local charities and 3 worthy causes during the year. Each award was based on a written application, requiring a showing of need in the local area. Each application is judged against our grant policy and is primarily for a tangible item of expenditure. Some awards pay for training and counselling, which then yields benefits within the community. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | Met. We request proof of appropriate expenditure consist with award from all recipients. Impact monitored, objectives met. |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | Activities that raised the funds are via a separate entity. |
| Investment performance against objectives |
Para 1.41 | Not applicable. |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Note that the charity receives money from Alton Beer Festivals and distributes this to charitable causes in the Alton area, in accordance with its Constitution. The Alton Beer Festivals team held its first post-Covid event in June 2022, and distributed proceeds totalling £6,429.19 in the form of a donation to the charity. The charity then distributed £4747.35 to grant recipients. The charity has no other assets, liabilities or reserves. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | We do not hold a reserve. It should be noted that a £25 float is held in the TSB bank account. |
| Amount of reserves held | Para 1.22 | We do not hold a reserve. It should be noted that a £25 float is held in the TSB bank account. |
| Reasons for holding zero reserves |
Para 1.22 | There is no requirement to hold any reserves. The charity aims to distribute all the money it receives in the year of receipt, in order to benefit the community as soon as possible. |
| Details of fund materially in deficit |
Para 1.24 | There are no deficits. |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | Any uncertainties flow from the continuation of Alton Beer Festivals. One festival was held during the 2022-23 reporting year; two festivals are planned for next year. The charity will continue for as long as the Alton Beer festival is in existence. |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | All of the charity's income is from donations from Alton Beer Festivals, a separate entity. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | There are no investments. |
| A description of the principal risks facing the charity |
Para 1.46 | Principal risks arise from the continuation of Alton Beer Festivals. |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 |
Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO (foundation) |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Following a skills audit, six trustees formed this CIO. One trustee, Neil Sutherland, is completely uninvolved with any fundraising activities by Alton Beer Festivals, ensuring objectivity. The other trustees range in professional backgrounds and areas of expertise. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | None to date. All trustees are founding trustees with none expressing an intention to retire. |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | The charity exists and functions completely independently from any other organisations, except for Alton Beer Festivals,see below. |
| Relationship with any related parties |
Para 1.51 | The Alton Beer Festivals volunteers aim to put on two events each year, donating all profits to the charity (in the absence of the coronavirus pandemic). That is the only relationship with any other party. |
| Other |
Reference and Administrative details
| Charity name | ABF Charitable Trust |
|---|---|
| Other name the charity uses | None |
| Registered charity number | 1170155 |
| Charity’s principal address | Fairways Old Odiham Road Alton GU34 4BU |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|
| Louise Parker | Chair | Entireyear | ||
| Neil Sutherland | Treasurer | Entireyear | ||
| Lisa Hillan | Secretary | Entireyear | ||
| Nigel Hoppitt | Entireyear | |||
| Frank Norris | Entireyear | |||
| AndyRickards | Entireyear |
Corporate trustees – names of the directors at the date the report was approved
Director name None
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| None |
Funds held as custodian trustees on behalf of others
| Description of the assets held in this capacity |
None. |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
Not applicable. |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
Not applicable. |
Declarations The trusteos declare that they have approved the trustees. report above. Slgned on behalf of the charSty's trustees Slgnaturès Full namos Louise Parker, Chair Neil Suthedand, Treasurer Date Dale
Alton Beer Festival
Drinking for Local Charities since 2002
ABF Charitable Trust
Statement of Accounts: 1 April 2022 through 31 March 2023
Income: Donations received from Alton Beer Festival events
| nations received from Alton Beer Festival events | |
|---|---|
| OpeningBalance – 1stApril 2022 | £6,197.38 |
| Income – donations received from Alton Beer Festival events |
£6,429.19 |
| Grant awards – breakdown below | £4,747.35 |
| ClosingBalance – 31stMarch 2022 | £7,879.22 |
Recipients of Grant Awards between 1 April 2022 and 31 March 2023:
| Recipient | Requested | Grant Amount |
|---|---|---|
| Homestart | Summer 2022 | £440.15 |
| 3rdAlton Scout Group | Summer 2022 | £309.44 |
| Alton Trampoline Club* | Summer 2022 | £1,148.76 |
| Dementia FriendlyAlton | Winter 2019 | £1,000.00 |
| Broadlands Ridingfor the Disabled | Summer 2022 | £1,000.00 |
| Alton HockeyClub* | Summer 2022 | £250.00 |
| Alton & District SwimmingClub* | Summer 2019 | £599.00 |
*Not a registered charity
www.altonbeerfestival.org.uk
ABFCT Charity Reg No: 1170115 Office: Fairways, Old Odiham Road, Alton, GU34 4BU