Trustees’ Annual Report for the period
From 1[st] April 2024 to 31[st] March 2025
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 6 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 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
| 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 two events during 2024, one in April and one in November, and distributed proceeds in the amounts of £9500 and £9483 respectively, totalling£18,983.90in the form of donations to the charity. The charity then distributed£6,173to 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. The funds remaining in our account do not constitute a reserve. They are funds waiting to be awarded and/or disbursed. (During the next reporting period, numerous grants have been awarded against this balance.) |
| 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 would flow from the continuation of Alton Beer Festivals. The festivals continue to be well attended, serving as popular fixtures in the community. 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. Other than Neil Sutherland, who was a founding trustee, all trustees have been involved as volunteers and have received informal **induction training. ** |
|---|---|---|
| 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 one event each year, donating all profits to the charity. That is the only relationship with any other party. |
Reference and Administrative Details
| Charityname | ABFCharitableTrust |
|---|---|
| Other name the charity uses | None |
| Registered charitynumber | 1170155 |
| Charity’s principal address | Fairways Old Odiham Road Alton GU34 4BU |
| 1 2 3 |
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 |
| 4 Ni | 4 Nigel Hoppitt | Entireyear | |
|---|---|---|---|
| 5 Frank Norris | 5 Frank Norris | Entireyear | |
| 6 And | 6 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
Alton Beer Festival
Drinking for Local Charities since 2002
ABF Charitable Trust
Statement of Accounts: 1 April 2024 through 31 March 2025
Income: Donations received from Alton Beer Festival events
| OpeningBalance – 1stApril 2024 | £12,308.27 |
|---|---|
| Income – donation received from Alton Beer Festival Spring2024 | £9,500.90 |
| Income – donation received from Alton Beer Festival Autumn 2024 | £9,483.00 |
| Grant awards – breakdown below | £6,173.00 |
| ClosingBalance – 31stMarch 2025 | £25,119.17 |
Recipients of Grant Awards between 1 April 2024 and 31 March 2025:
| Recipient | Status | Requested | Grant Amount |
|---|---|---|---|
| Dogs for Autism | Charity | Spring2024 | £2,000.00 |
| Manor Colts Football Club | Youth Sports Organisation |
Spring 2024 | £500.00 |
| Broadlands RDA | Charity | Spring2024 | £1,500.00 |
| Holybourne Theatre | Charity | Spring2024 | £673.00 |
| Hampshire County Council – for Andrews’ Endowed School |
Local Authority PrimarySchool |
Spring 2024 | £500.00 |
| M.W. | Private Individual | Autumn 2024 | £1,000.00 |
www.altonbeerfestival.org.uk
ABFCT Charity Reg No: 1170115 Office: Fairways, Old Odiham Road, Alton, GU34 4BU