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|---|---|---|---|
|Trustees'
annual
report||||
|Independent
examiner's||report to the trustees||
|Statement offinancial|activities|||
|Balance sheet||||
|Cash flow statement||||
|Notes to the accounts|||10|
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|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|||||
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||||||||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|
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|||||||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|
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||||||||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|
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|||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|
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|||||||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|
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|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|
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||||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|
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|2023
6|2022f|
|---|---|
|2,837|2,574|
|2,837|2,574|
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||||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|
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|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|
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|'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|