## **Trustees’ Annual Report for the period**
**From 1[st] April 2023 to 31[st] March 2024**
**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 grants to 9**
**recipients 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|**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 one**
**event in April 2023, and distributed**
**proceeds totalling£9,055.05in the form**
**of a donation to the charity. The charity**
**then distributed£4,626.00to 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 2023-24**
**reporting year; two festivals are planned**
**for 2024-25.**
**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 the 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.**|
## **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|
|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 (ifany)**|
|---|---|---|---|---|
||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 None. held in this capacity Name and objects of the Not applicable. charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for Not applicable. safe custody and segregation of such assets from the charity’s own assets
Declaratlons
Tho trustees declare that they havo approved the trustees, report above.
Slgnod on behalf of the charlty's trustees.
Signatures
Full namos
kouiS& C/4ÉoL FA£rL
Louise Parker. Chair
lÉits C.&fRi
Neil Sutherfand, Treasurer
Date
## **Alton Beer Festival**
Drinking for Local Charities since 2002
## **ABF Charitable Trust**
## Statement of Accounts: 1 April 2023 through 31 March 2024
Income: Donations received from Alton Beer Festival events
|OpeningBalance – 1stApril 2023|£7,879.22|
|---|---|
|Income – donations received from Alton Beer Festival events|£9,055.05|
|Grant awards – breakdown below|£4,626.00|
|ClosingBalance – 31stMarch 2024|**£12,308.27**|
Recipients of Grant Awards between 1 April 2023 and 31 March 2024:
|**Recipient**|**Status**|**Requested**|**Grant Amount**|
|---|---|---|---|
|AmeryHill School AcademyTrust|Charity|Spring2023|£450.00|
|B.P.|Private Individual|Spring2023|£750.00|
|Alton Local Food Initiative|Charity|Summer 2022|£124.00|
|AnsteyJunior School PTA|Charity|Spring2023|£500.00|
|The Kings Arms Name Youth Project|Charity|Spring2023|£703.00|
|Alton Climate Action Network|Charity|Spring2023|£599.00|
|Broadlands Ridingfor the Disabled|Charity|Spring2023|£500.00|
|Manor Colts Football Club|Youth Sports
Organisation|Spring 2023|£500.00|
|HCC – for Andrews’ Endowed School|Local Authority
PrimarySchool|Spring 2023|£500.00|
www.altonbeerfestival.org.uk
ABFCT Charity Reg No: 1170115 Office: Fairways, Old Odiham Road, Alton, GU34 4BU