Charlty No. 1175627
The Areti Charitable Trust
Trustees, Annual Report and
Unaudited Financial Statements
For The Year Ended
31 December 2024
Qmha

THE ARETI CHARITABLE TRUST
CONTENTS
Page
Trustees, annual report
Independent examiner's report lo the Irustees
Slalernenl of financial activities
Balance sheet
Nolas lo the accounts
9-15

THE ARETI CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Iruslees hav& pleasure in presenting their report and the financial statements of the charity for the year
ended 31 December 2024.
Referencè and admlnlstrative detalls
Reglstered charity name
Thtr Areti Charitable Trust
Charity registration number
1175627
Reglstèrèd office
CIO 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
Sollcltors
Joseph A Jones & Co
6 Fenton Street
Lancaster
LA1 1TE
Independent examiner
MHA
14 Mannin Way
Lancaster Business Park
Lancaster
Lancashire
LA13SW
Investment Managers
Garstang Independent Financial Services
The Resource Centre
Bridge Sl
Garstang
Preston
PR3 1YB
Lunesdale Investment Managers
Unil 3 Strands Bam
Strands Farm Lane
Homby
Lancasler
LA2 8JF
Help for Wealth
Wyresdale Rd
Lancaster
LA13JQ

THE ARETI CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT ICONTINUEDI
FOR THE YEAR ENDEO 31 DECEMBER 2024
Background to the Charity
The Areli Charilable Trust {°Ihe Charily") was created by Trusl Deed on 26 August 2015, as amended by Deed
dated 31 Oclober 2017. and registered with the Charity Commission on 8 Novembar 2017 with Charity Number
1175827.
The principal object of The Ar8ti Charitable Trust is lo make grants in order lo give disadvantagèd ¢hildren and
young people opportunities lo experience and learn mora about the natural word.
Charitable obJe¢llv8$
The obje¢lives of the Charity are lo advance in life and help young people, especially bul not exclusively those
living in the administrative area covered by Lancaster City Council, through..
al the provision andlor facililalion of re¢realional leisure activities pmvided in the interests of social welfare
designed lo improve their conditions of life, èspècially bul not exclusively those who h8v8 need by reason
of their infirmity or dlsability, poverty or social or economic ciroumsl8nces with a view to Improving the
eondllions of life for such persons.,
b) the provision andlor facilitation of support and aclivilies which dovelop their skills, ¢apacilies and
capabilities lo enable them to participate in society as mature and responsible individuals..
cl advancement of their education in the conservation, protection and improvement of the physical and
natural environment.
dl The Charity's strategy lo achieving ils objeclivos is to invest ils income lo generate a return that can allow
the Trustees lo donate lo various charitable causes al their discretion in accordance with th8 charitable
objects. The Trustees will measure the suc￿sS of the Charity by quantifying the sum of donations mado
to these causes. This is considered to be both the Charity s short term and long-lerm objective.
Public benoflt
The Charities Act 2011 requires charities lo report on the publi¢ benefit of their activities. The Trustees have had
regard to the Charity Commission's guid8n¢$ on public benefit and believe that an appreciation of the Gharily's
public benefit can be obtained from the review of ils achievements and performance.
Structure, governance and management
The Charily is governed by a Trust Deed dated 26 August 2015 and amended by Deed dated 31 October 2017.
under the terms of which the Trustees operate. Ils charity registration number is 1175627.
The activity of the Charity is determined by the Trustees and faeililated with the assistance of Joseph A Jones
Solicitors, Lancaster. All deasions are made by the two Trustees. The Charity has no volunteers other than ils
Trustees.
The Charity pays no ￿muneration to ils Trustees and has no paid employeès. There are no other volunlaers to
the Charity other than its Trustees. Appointment of new Trustees would be al the dls¢retion of the existing Board
8nd there would b8 no remuneration for such a role.
Investment pollcy
The investments held by the Charity and their performance is reviewed al each Trustee m801ing with investment
managers who may be instru¢l8d lo carry out any recommended changtss as to the investment Inslrumenls. The
managers are instructed lo keep a balanced portfolio lo spread the risk and maximise capital growth wilhoul
jeopardlsing revenue income.

THE ARETI CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Risk Managément
The Trustees consider and assess on an on-going basis the major risks lo which the Charily may be exposed.
The principal risk is considered to be exposure lo markels with the inveslmenl portfolio held. The Trustees have
delegated fund management lo Garsiang Independent Financial servI￿s who are experienced in this field which
is considered lo mitigate the risks associated with such investments to an appropriate level. The performance of
the investments is règularly reviewed through Trustee Board meetings.
A¢hlgv&ments and perfomiance
The Trust continutss to make awards in Ilne with its priorities of engaging children and young people in the natural
world- whether traditional outdoor activities or school-based inilialives that embed outdoor learning.
Financial revlew and reserves policy
At the end of the financial period the Charity had total funds of £4,540,778 {2023'. £4,512,952). The net increase
In funds of £27.826 was after net investment gains of £fj9,502. Income was generated from inveslmsnts of
£149.076 and £102.376 has been donated lo good causes. The Charity has incLJrred £38.376 In other support
costs in the period.
At the period end dale. the Charity held £846,280 {2023.. £817,440) in cash funds and £3,690.188 {2023'.
£3.691,3931 within ils investment portfolio, both oxpected to generate future income for the Charity.
There are no funds in deficit and no going concern uncertainties.
The Charity has no formal reserves policy. The Trustees intend lo hold investments as capital and the prO￿edS
of returns from the inveslmenls will then be spent Ihrough charitable donations, as well as funding the operating
costs of the Charity. The nature of Ihg Charity's operations means that a reserves policy is not necessary.
Plans for future periods
The Charily intends lo don818 to further chaiilable causes in accordan￿ with the objectivos ot the Charity.
There is not expected to be a material chang8 in direclion of the Charity in the short or medium term.

THE ARETI CHARITABLE TRUST
TRUSTEES. ANNUAL REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees, responsibilities in relation to the financial statements
The Trustees are responsible for preparing the Trustees, Annual Report and the financial slalements in
accordance with applicable law and United Kingdom AccoLJnling Standards (United Kingdom G&nerally Accepled
Accounting Praclicel.
The law applicablo lo charitiès in England & Wales requires the Trustees lo prèpare finan¢i81 staterllenls for each
financial period which give a true and fair vi8w of the state of affairs of the Charity. and of the income and
expenditure of the Charity, for that period. In prèparing these financial statements, the Trustees are requlred to..
select suitable accounllng policies and then apply them Consislenlly.,
obseNe the methods and principles in the Charities SORP {FRS1021'.
make judgements and eslimates that are reasonable and prudent.,
slate whether applicable accounting stsndards have been followed, subject to any material departures
disclosed and explained in the financial slatemenls..
prepare the financial statements on the going concem basis unless il is inappropriate lo pr8sume that Ihg
Charity will continue in operation.
The Trustees are r8sponsible for keeping proper a¢counling records that dls¢lose ￿rith reasonable accuracy al
any time the financial position of the Charity and enable them lo ensure that the financial statements comply with
the Charity s governing document, the Charities Act 2011, the Statement of Recommended Praclioe.. Accounting
and Reporting by Charities preparing the accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFRS 102), and UK Generally Accepted Awunting Practi¢e.
The Truste8s' Report was approved on .13 -s. I g and was slgnod on behalf of the Trustèes by..
P A Clarke
Trustae
R A Follows
Trustee
(l (¥fr

THE ARETI CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ARETI CHARITABLE TRUST
FOR THE YEAR ENDED 31 DECEMBER 2024
I report lo the charity trLJslees on rny examination of the accounts of the charity for the year ended 31 December
2024 which are sel out on pages 7 to 15.
Responsibilitlès and basis ot report
As the charity's trustees you are responslble for the preparation of the accounts in accordance with the
requirements of the Charities A¢1 20111'the Acl'l.
I report in respect of my examination of the charity's accounts carried out undor section 145 of the Act and in
¢arrying out my examinalion I have followed all the applicabl8 Directions given by the Charity Cornmlssion under
sectlon 145{5llb) of the Act.
Independent examln&r's statement
I have completed my examination. I confim that no material mallers have come lo my attention in conneclion
with the 8xamination giving me ¢ause to believe that in any material respect..
accounting records were not kept in respect of the ch8ri1y as ￿qUired by section 130 of the Act., or
the 80¢0unts do not accord with those records., or
the accounts do not comply with the applicable requirements COn￿rning tho form and conlenl of accounts
sel out in the Charities IAccounls and Reports) Regulations 2008 other than any requirement that the
accounts give a 'lrLJe and fair view, which is not a maller considered as part of an independent
examination.
I have no concerns and have come across no other matl8rs in connection with the examination lo which attention
should be drawn In this report in order to 8nable a proper understanding of the accounts to b8 rea¢h8d.
Jack St88r BA{Honsl ACA
Independent Examiner
MHA
14 Mannin Way
Lancaster Business Park
Lancaster
LA1 3SW

THE ARETI CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestrlcted R¥strlcted Total funds Total fund$
funds
funds
2024
2023
Incomg from..
In￿StMentS
149.076
149,076
128,095
Total
149,076
149,076
128,095
Expendlturè on..
Charitable actimlies
140,752
140,752
149,467
Total
140.752
140,7S2
149,467
Net lexpenditurèlllncome beforo
other recognised galns
8,324
8,324
121,3721
other rècognlsed galns
Realised Ilossygain on disposals of
in￿stmentS
Unrealised Ilossygain on r8valuation of
invaslmenls
16.9S9
16,959
26,090
2,543
96.261
Net movement In funds
27,826
27,826
100,979
Recon¢lllatlon of funds..
Total fijnds brought foNiard
4,512.952
4,512,952
4,411,973
Totsl funds carried forward
12
4,540,778
4.540.778
4.512,952
The notes on pages 9 10 15 form part of these financial slalements

THE ARETI CHARITABLE TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Fixed assets
Imeslments
3,690,188
3,691,393
3,690.188
3.691.393
Current assets
Debtors
Cash al bank 8nd in hand
io
7,226
846,280
6.956
817,440
853,506
824,396
¢redItO￿ amounts falling due within
one year
{2.9161
{2,8371
Net current a￿ts
850,590
821,559
Totsl assets less ¢uYrènt Ilabllitles
4.540,778
4,512,952
N&t assets
4,540,778
4.512.952
Funds:
Restricted fvnds
Unreslrlcted fvnds
12
12
4.540,778
4,512,952
Total funds
4,540,778
4,512,952
These accounts were approved by the Trustees and aulhorised for issue on the1.2.. 5- 2 i
on their behalf by..
and are signed
P A Clarke
Trustèe
R A Follows
Trustee
The notes on pages 9 10 15 form part of these financial slalemenls.

THE ARETI CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting pollcles
Legal form
The Areli Charitable Trust is a registered charity with charity number 1175627 established under a Trust
Deed dated 26 August 2015 and amended 31 October 2017. The registered office of the charity, the nature
of its operations and its principal activities are als detailed in the Tiuslees. report within these financial
slatemenls.
The Charity meets the deflnlllon of a public benefit enlily under FRS102. The financial slalements have been
prepared in a￿ordan￿ with Accounting and Reporting by Charili&s.' Statement of R&commended Pracli¢e
applicable lo ¢harilies preparing th8ir accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS1021 Icharilies SORP IFRS 10211, and the Charities Act
2011.
The financial Slalements are prep8red in sterling, which is the function81 currency of the charity. Monetary
amounts are roundtsd lo the nearest £.
The financial slatements have been prepared on a going concern basis under the historical cost convention.
The significant accounting policies applied in the preparation of these financial statements are sel out below.
These policies have been consistently applied lo all pariods presented. unless othenNise staled.
Going concern
The Iruslees assess whether the use of going concem is appropriate i.e. whether there are any material
uncertainties related lo events or conditions that may ¢asl significant doubl on the ability of the charity to
continue as a going ￿n￿rn. The Iruslees have conSide￿d the position of the charity and believe that il
holds sufficient reserves to continue in operation for at least 12 months from approval of the accounts,
therefore the going concern basis of accounts preparation is appropriate.
Income
Investment income is earned through holding assets for inveslmenl purposes. and through bank inleresl. It
includes dividends and interest and is included when the amounts are received andlor earned by the Charity.
Expendituré
All expenditure is accounted for on an accruals basis in the expense categories required by the SORP.
Expenditure is recognised where there is a legal or Conslruclive obligation lo make payments lo third p8rties.
il is probable that the setllemenl will be required, and the amount of the obligation can be measLJred reliably.
Costs are further allocated between th& Aclivities undertaken on a basis Consistent with the use of the
resources. Expenditure includes irrecoverable VAT.
Chariiable activities expenditure includes costs incurred in the delivtsry of the charity's actlviliès and services.
11 includes professional fees in mainlalning the investment portfolio.
The main expfjndilure for the Charity is through making donallons to good causes al the discretion of the
Trustees, in accordance with the Trust Deed.

THE ARETI CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting pollcies (continued}
Investments
Investments are recognised ini118lly at fair value which is normally the transaction pTi¢e excluding transaction
costs. Investments are subsequently slated al fair value of the shares which are publicly traded. The SOFA
included the nel gains and losses arising on revaluations and disposals throughout the period.
Cash and cash equivalents
Cash is a basic financial asset and Includes cash and deposiis held on call and on deposll with banks.
Fund accounting
Unrestricted funds- General funds 8re available for use at the discretlon of the Trustees in furtheran¢e of the
general objectives of thè charity.
Designated funds- Designated funds are unr881riclgd funds set aslde by the Trustee8 for particular purposes.
Restricted funds- Restricted funds arise where there is a donor.impos8d r¢striclion on the use of the funds,
or th8 funds have arisen in response lo an appeal for a specified purpose.
Taxation
HM Revenue & Customs considers The Areli Charitable Trtjsl to be a charity and therefore they are tsnlilled
to exemption from lax afforded by Sections 478489 of the Corporation Taxes Act 2010 to the extent that
income is 8pplied exclusively for charitable purposes.
Flnanclal instruments
Financial inslrumenls arts recognised in tho Charity's balance sheet when the Charity becomes party lo
contractual provisions of the instrument.
Basic financial assets are initially measured al transaction price and are subsequently Carried at amortised
cost. Financial assets are assessed for indicators of impairment at each reporting end dale.
The charity h8s no basic financial liabilities al the period end.
Judgements and key sources of estirnatlon uncertainty
In the appllcalion of the Charity's accounting poSicies, Ihts Trustees are requlrod to make ludgemenls.
estimates and assumptions about th@ ¢arrying amounts of assets and liabililies that are not readily apparent
from other sources. Th8 estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumplions are reviewed on an ongoing basis. In the opinion of the Trustees
there have been no significant judgements made in the process of applying the above accounting policies.
There have been no key assumptions concerning future and other kay sources of estimation uncertainty at
the reporting dale that have a significant risk of causing a material adjustment to the carrying amounts of
assets and liabilities within the next financial year.
-10-

THE ARETI CHARITABLE TRUST
NOTES TO THE FSNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from Investments
Unrestrlcted Restrlcted
fvnds
funds
Total
2024
Total
2023
Bank interest receivable
DiMdend$ reCeI￿d
28,887
120,189
28.887
120.189
20,027
108,068
149,076
149,076
128,095
Expendlture on charitable actlvltlè$
Opportunities
for young
people
Total
2024
Total
2023
Activity
Donalions in accordance wth Charity objects
Support ¢osts
102,376
38.376
102,376
38,376
112,358
37,109
140,752
140,752
149,467
Support costs
Total
2024
Total
2023
Profèssional fees
Inkestmenl manag8ment fees
Other ¢osts ol Inkestments
Accountancy fees
Bank charges
Website oosls
7,800
20,392
7,232
2,814
78
60
7.200
19,845
7,145
2,778
75
38,376
37.109
-11-

THE ARETI CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Net income
2024
2023
Net incom8 Is stat8d after charging..
Independent examination fees
Independenl examinerfs remunerallon
- other tax adifisory seNces
2.352
2,325
462
453
Staff costs and Trustee remuneration
The Charily has no employees during the period and no individual, including the Trustees, received
any remuneration.
No expenses have been paid lo Trustees during the period.
Ralaled party transactlons
The Charity is considered lo be under the control of the two Trustees during the period.
There are no reporting related party transactions during the current year.
Flxed assot Investments
2024
2023
Oihèr investments at Valuatlon
Balance brought forward
Acquisitions at cost
Receipts for sale ol inKestmenls
Realised losses on sale of in￿stmentS
Unrealised loss on In￿StmentS
Mo%Emenl IN cash held as part ol in￿StMent portfolio
3,691,393
3,593,569
365,378
228,785
1374,3881 1241,9911
16.960
.090
2.543
96.261
111,6981
111,321)
Total Investments
3,690,188
3,691,393
Total Inlestments comprise Ihts following type of investments..
UK listed bonds
Global listed bonds
UK listed EqLJities
Europe Excl UK equities
Global listed equities
Property and alternati￿ Snkestments
Cash hold
289.374
78.903
557.873
97,244
2,359,586
268,342
38,866
246,409
64.939
590,985
99,728
2,315,534
323,236
50,562
Totsl Investments
3,690.188
3,691,393
-12-

THE ARETI CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10 Debtors
2024
2023
Accrued bank interest
7.226
6,956
7.226
6,956
11 Creditors: amounts duè wlthln ona year
2024
2023
Accruals
2,916
2.837
2,916
2,837
12 Analysls of funds: Current year
At1
Jan
2024
At31
Dec
2024
Inv'ment
gain$
In¢oma Expenditure Transfers
Restricted funds
un￿StrICted funds
4,512.952
149,076
{140.7521
19,502 4.540,778
Total funds
4.512,952
149,076
1140.7521
19.502 4,540.778
13 Analysis of funds: Prior year
At31
Dec
2023
Jan
2023
Inv'ment
galns
Ineome Expenditure Transfers
Restricted funds
Unrestricled fu￿lS
4,411,973
128.095
1149,4671
122,351 4.512.952
Total funds
4,411,973
128,095
1149.4671
122,351
4,512.952

THE ARETI CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14 Analysis of net assets between funds: Current year
Fixed asset Net curr8nt
investments
assets
Total
Restrlctad funds
Unrestricted funds
General ￿ndS
3,690,188
850,590
4.540.778
Total funds
3.690,188
850.590
4.540.778
15 Analysls of net assets between funds: Prior year
Fixed asset Net current
invastments
assets
Total
Restrictèd funds
UnrestrScted funds
General funds
3,691,393
821,559
4,512,952
Total funds
3,691,393
821,559
4,512,952
-14-

THE ARETI CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees are pleased lo document the following donations which have been made dLJring the year..
Donatlons
2024
Donations
2023
Lancashire Youth Challenge
St Patricks Catholic Primary School. Mor¢¢ambe
Lancaster Boys and Girfs Club
Lancaster Road Prfmary School
Less UK CIC
Larksfool CIC
Westgate Primary School. Morecambe
The Outward Bound Trust
st Joseph Catholic Primary School
The Marsh Cornmunity Centre
Escape2Make
Red Marsh Special School
Lancashire Assoclalion of Boys & Girts Cltjbs
Poullon-lesands Primary S¢hool
Skerton Sl Luke's CE Primary School
St John's Hospi¢8
Yea18nd Church of England Primary School
Sandylands Scho(>l
Ryelands Primary School
Willow Lane CP School
Castle View Primary Academy
Amside & Sillerdale AON8
Lancashire County Councll Schools
Litfesl
L8ncashire County Council
CEEP
Skerton Youth Groups
Carnlorth CP S¢h¢xA Fund
Ryelands LCC
Morecambe Bay Partnership
Roots lo Branches FS CIC
8,188
530
2,815
1,372
24,000
17.932
1,224
2,580
726
5,279
15,000
6.000
2,000
444
532
6,560
150
4.680
814
522
1.Q28
10,040
553
2,991
23,280
16.120
1,216
2.453
740
2,400
26,420
603
1,200
1,052
2,920
1.600
360
679
15,331
2,400
102,376
112.358
-15-