2023-12-31-accounts

			Page
Trustees' annual report
Independent examiner's		report to the trustees
Statement offinancial	activities
Balance sheet
Cash flow statement
Notes to the accounts			10

Registered	charity name	charity name	The Areti	Charitable	Charitable	Trust	Trust
Charity registration		number	1175627
Registered	office		C/0 Joseph A Jones				&Co
			6 Fenton	Street
			Lancaster
			LA1 1TE
The trustees
The trustees	who served the charity		during the period were as				follows:
			P A Clarke
			R A Follows
Solicitors			Joseph A	Jones &Co
			6 Fenton Street
			Lancaster
			LA1 1TE
Independent	examiner		MHA
			14 Mannin	Way
			Lancaster	Business Park
			Lancaster
			Lancashire
			LA1 3SW
Investment	Managers		Garstang	Independent			Financial Services
			The Resource		Centre
			Bridge St
			Garstang
			Preston
			PR3 1YB
			Lunesdale	Investment			Managers
			Unit 3 Strands		Barn
			Strands Farm		Lane
			Horn by
			Lancaster
			LA2 8JF

							Unrestricted	Restricted	Total funds	Total funds
							funds	funds	2023	2022
							6	F	6
Income from:
Investments							128,095		128,095	101,943
Total							128,095		128,095	101,943
Expenditure on:
Charitable activities							149,467		149,467	169,258
Total							149,467		'I49,467	169,258
Net (expenditure)/income			before
other recognised	gains						(21,372)		(21,372)	(67,315)
Other recognised	gains
Realised (loss)/gain		on disposals		of
investments							26,090		26,090	(33,359)
Unrealised (loss)/gain		on revaluation			of
investments							96,261		96,261	(640,483)
Net movement in	funds						100,979		100,979	(741,157)
Reconciliation offunds:
Total funds brought	forward						4,411,973		4,411,973	5,153,130
Total funds carried		forward				12	4,512,952		4,512,952	4,411,973

						2023		2022
						6		f
Fixed assets
Investments					9	3,691,393		3,593,569
							3,691,393		3,593,569
Current assets
Debtors					10	6,956		3,608
Cash at bank and in			hand			817,440		817,370
						824,396		820,978
Creditors:	amounts		falling	due within
one year						(2,837)		(2,574)
Net current		assets					821,559		818,404
Total assets		less current		liabilities			4,512,952		4,411,973
Net assets							4,512,952		4,411,973
Funds:
Restricted funds					12
Unrestricted		funds			12		4,512,952		4,411,973
Total funds							4,512,952		4,411,973

							2023 6	2022f
Cash generated in operating activities							(152,552)	(171,182)
Cashflows from investing			activities
Investment	income						128,095	101,943
Purchase	offixed asset investments						(228,785)	(119,745)
Receipts	from sale of investments						241,991	108,428
Cash (used in)l provided			by investing
activities							(11,251)	(80,556)
Increase	in cash and cash		equivalents			in
the year							(11,251)	(80,556)
Cash and	cash equivalents		brought		forward		879,253	959,809
Cash and cash equivalents			carried forward				868,002	879,253
Reconciliation of net movement					in funds to net cashflow from operating		activities
Net movement in funds							(21,372)	(67,315)
Investment	income received						(128,095)	(101,943)
Decrease	in debtors						(3,348)	(2,158)
Increase	in creditors						263	234
Net cash	(used in)l generated			in
operating	activities						(152,552)	(171,182)
Components ofcash and			cash	equivalents
Cash at bank and in hand							817,440	817,370
Cash held	with investment	managers					50,562	61,883
							868,002	879,253

		Unrestricted	Restricted	Total	Total
		funds	funds	2023	2022
		6		6	F
Bank interest receivable		20,027		20,027	8,796
Dividends	received	108,068		108,068	93,147
		128,095		128,095	101,943

						Opportunities
						for young	Total	Total
Activity						people	2023	2022
						6		6
Donations	in	accordance	w'th	Charity	objects	112,358	112,358	130,236
Supportcosts						37,109	37,109	39,022
						149,467	149,467	169,256

5	Supportcos		ts
					Total	Total
					2023	2022
					5	f
	Professional		fees		7,200	7,218
	Investment	management		fees	19,845	21,204
	Other costs		of investments		7,145	7,869
	Accountancy		fees		2,778	2,574
	Bank charges				75	99
	Website costs				66	58
					37,109	39,022
6	Net income
	Net income		is stated after charging:		2023	2022f
	Independent		examination	fees	2,325	2,145
	Independent		examiner's	remuneration
	- other tax	advisory services			453	429

			2023f	2022
Other investments at Valuation
Balance brought forward			3,593,569	4,291,205
Acquisitions at cost			228,785	119,745
Receipts	for sale of investments		(241,991)	(108,428)
Realised	losses on sale of investments		26,090	(33,359)
Unrealised	loss on investments		96&261	(640,483)
Movement	in cash held as part of investment	porffolio	(11,321)	(35,111)
Total investments			3,691,393	3,593,569
Total investments comprise the following type		of investments:
UK listed	equities &fixed interest securities		2,206,773	2,095,624
UK listed	bonds		1,245,963	1,237,499
Property	and alternative investments		188,095	198,563
Cash held	as part of investment portfolio		50,562	61,883
Total investments			3,691,393	3,593,569
Debtors
			2023	2022
			6
Accrued bank interest			6,956	3,608
			6,956	3,608

2023 6	2022f
2,837	2,574
2,837	2,574

			At 1						At 31
			Jan					Inv'ment	Dec
			2023 F	Income	Expenditure	f	Transfers F	gains F	2023 F
Restricted funds
Unrestricted	funds	4,411,973		128,095	(149,467)			122,351	4,512,952
Total funds		4,411,973		128,095	(149,467)			122,351	4,512,952
Analysis of	funds: Prior year
			At 1						At 31
			Jan					Inv'ment	Dec
			2022 f	Income f	Expenditure	f	Transfers f	gains f	2022 f
Restricted funds
Unrestricted	funds	5,	153,130	101,943	(169,258)			(673,842)	4,411,973
Total funds		5,153,130		101,943	(169,258)			(673,842)	4,411,973

Analysis ofn	et assets between funds	: Current year
		Fixed asset	Net current
		investments	assets	Total
		f	F	F
Restricted funds
Unrestricted	funds
General funds		3,691,393	821,559	4,512,952
Totalfunds		3,691,393	821,559	4,512,952

Analysis of n	et assets between funds	: Prior year
		Fixed asset	Net current
		investments	assetsf	Totalf
Restricted funds
Unrestricted	funds
General funds		3,593,569	818,404	4,411,973
Total funds		3,593,569	818,404	4,411,973

'The Trustees are pleased to document the following donations w	hich have been made during	the year:
	Donations	Donations
	2023	2022
	5
Castle View Primary School, Lancaster
CEEP	2,920	4,000
Escape2make		15,000
Lancashire Youth Challenge	10,040	8,100
Lancashire Boys and Girls Club	2,400	2,000
Arnside 8 Silverdale AONB	26,420	31,245
Lancashire County Council	1,052	511
CancerCare		2,500
Stomping Ground CIC		2,720
Lakeland Arts		2,991
Skerton Youth Groups	1,600	2,750
Morecambe Bay Primary School		2,820
Sandylands Primary School, Morecambe		2,434
St Lukes Primary School, Skerton		290
St Patricks Catholic Primary School, Morecambe	553
West End Primary School, Morecambe		1,560
Westgate Primary School, Morecambe	1,216	1,162
St Joseph Catholic Primary School	740	756
Lancaster Road Primary School	2,991	2,132
Bolton-le-Sands Primary School		307
The Ridge Primary School		362
Carnforth Primary School		1,052
North Road County School Fund		366
Morecambe Road School		5,000
Ryelands PC		652
Kent Estuary Youth Project		2,000
The Outward Bound Trust	2,453	1,164
Larksfoot CIC	16,120	12,206
Less UK CIC	23,280	23,396
Litfest	1,200	760
Carnforth CP School Fund	360
Ryelands LCC	679
Morecambe Bay Partnership	15,331
Lancashire County Council Schools	603
Roots to Branches FSCIC	2,400
	112,358	130,236