Charlty No. 117S627 The Areti Charitable Trust Trustees, Annual Report and Unaudited Financial Statements For The Year Ended 31 December 2025 An IndepeffldèTht mombei ¢t fr mha | bakertilly NTERNATIONAL THE ARETI CHARITABLE TRUST CONTENTS Pag& Trustees. annual report Independent examiner's report to the trustees Statement of financial adivities Ba18nc8 sheet Notes lo the accounts 15 THE ARETI CHARITABLE TRUST TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Iruslees have pleasure in presenting their report and the linanaal statements ol tho charity for the year ended 31 December 2025. Referenc8 and adminlstratlve detslls Registored charlty name The Areti Chari18ble Trust Charlty reglstratlon number 1175627 Reglsterad ofllce CIO Joseph A Jones & Co 6 Fenton Street Lancaster LA1 1TE The trustees The trustees who served the charily during the period were as follows.. P A Clarke R A Follows Sollcltors Joseph A Jones & Co 6 Fenton Street Lancaster LA1 1TE Independent examlner HA 14 Mannin Way Lancaster Business Park Lancaster Lancashire LA13SW Investment Managers Artorius Wealth Management Unit 3 Strands Barn Strands Farm Lanè Hornby Lancaster LA2 8JF Help lor Wealth Wyresdale Rd Lancaster L41 3JQ THE ARETI CHARITABLE TRUST TRUSTEES, ANNUAL REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Background to the Charity The Aieti Charilgble Trust l.the Charity'l was created by Trust Deed on 26 August 2015, as amended by Deed dated 31 Oclober 2017. and registered with the Charity Commi58ion on 8 November 2017 with Charity Number 1175627. The principal object of The Areti CharIta￿e Trust is to make grants in order lo givo disadvantaged children and young people opportunities lo experience and le8rn more about the natural word. Charltable obj8Ctlves The objectives of the Chaiity are lo advance in life and help young people, espeaally but not exdusively those living in the administrative area covered by Lancaster City Council, through.. al the provision andlor lacilitalion of recreational leisyre aclivilies provided in the interests of social welfare designed lo irnprove their conditions of life. espeaally bul not exclusively Ih05ewho have need by reason of their infirmity or disability. povety or soci81 or economic circumstsnw with a view to improving the conditions of life lor such persons.. bl the provision andlor laalitation ol support and activities which develop their skills, capacities and capabilities to enable them to P8rticip8le in society as mature and responsible individuals., 1 a(JVan￿Me￿I ol their education in the conservation. protection and improvemènt of th8 physical and natural environment. dl The Charity's strategy to achieving ils objectives is to Invest its incorne lo generate a retum that can allow the Tiustees to donate to various ¢harit8ble causes at their discretion in accordance with the charitable objects. The Trustees will measure the Suc￿sS of the Charity by quantifying the sum of donations made to these causes. This is considered lo be both the Charity's short term and bng-term objective. Public benefit The Ch81ities Act 2011 requires charities to report on the public benefil of their aclivilies. The Trustees have had regard to the Charity Commission's guidgnce on public benefit and believe that an appreaation of the Charity's public benefit can be obtained from the review of its achievements and performanco, Structure, governance and management The Charity is governed by a Trust Deed dated 26 August 2015 and amended by Deed dated 31 October 2017, under the lerrns of which the Trustees operate. Ils charity registration number is 1175627. The activily of the Charity is determined by the Trustees and facilitated with the a5SlStance ol Joseph A Jones Solicitois, Lancaster. All decisions are made by the two Trustees. The Charity has no volunteers other than its Trustees. The Charity pays no remuneration to its Trustees and has no paid employees. There are no other volunteers to the Chaiily other than its Tiustees. Appointment ol new Trustees would be at the discretion of the existing Board and Ihere would be no remuneration for such a role. Investment pollcy The Investments held ty the Ch8fity and their perfoimanc$ is reviewed al each Truslee meeting Mrilh investment managers who may be instruoted lo carry out any recommended changes as to the investment inslrumÈnls. Th8 managers are instructed lo keep a balan￿d portfolio to spread the risk and maximise ca￿tal giowlh wrthout jeopardising revenue income. THE ARETI CHARITABLE TRUST TRUSTEES, ANNUAL REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Rlsk Management The Trustees consider and assess on an on-going basis Ihe major risks lo which the Charity may be exposed. The principal risk is ¢onsidered lo be exposure lo markets with the inveslmtsnl portfolio held. The Trustees have delegated fund management to Artorius Wealth Management who are experienced in this field which is considered lo miligale the risks associated with such investments lo an appropriate level. The performan¢¢ of the investments is regularly reviewed through Ttuslee Board meetings. Achlevements and performance The Trust continues lo make awards in Ilne wllh 515 prlorilies of engaging children and young people In the natural world- whether traditional outdoor activities or school-based initialives that embed outdoor learning. Financial review and reserves pollcy Al the end of the financial period tho Charity had total funds of £4,683,51512024.' £4,540,778). The nel increase in funds of £142,737 was after nel Investment gains of £170,786. Income was goneraled from investments of £147,151 and £137,377 has been donated lo good causes. The Charfty has Incurred £37,823 in other support Costs in the period. At the period end date, tho Charity held £846.167 12024-. £846,280) in cash funds and £3.833.641 12024.. £3,690,188) within its investment portfolio. both expected to generate future income for the Charity. There are no funds in deficit and no going concern uncertainties. The Charity has no formal resetves policy. Tho Trustees intend lo hold investments as capital and the proceeds of returns from the investments will thon be spent through charitable donations, as well as funding the operating costs of tha Charity. The nature of the Charity's operations me8ns that a reserves policy is not necessary. Plans for futuro parlods The Charity intends to donate lo further ¢harilable causes in accordance with the objectives of the Charity. There is not expected to ba a mal8rf8l change in direction of the Charity in the short or medSum term. THE ARETI CHARITABLE TRUST TRUSTEES, ANNUAL REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Trustees, responslbllltie8 in relation to th• flnanclal statements The Trustees a￿ responsible for preparing the Trustee5' Annual Report and the financial slaternents in accordance with applicable Low and United Kingdom Accounting Standards Iunitgd Kingdom Generally Accepted Accounting Praclicel. The law applica¥Ae to charities in England & Wales requires the Tiuslee5 to prepare finanaal statements for each financial period which give a Iiue and lair wew ol the state ol affairs ol the Charity. and ol the incotrTre and expendrture of the Charity, lor that period. In preparing these f5n8ncial statements, the Trustees are required lo.. select suitable accounting policies and then apply them consistently., obseNe the methods and princi￿eS in the Charities SORP IFRS1021'. make judgements and eslim8les that are reasonable and prudenl., stale whether applicable accounting st8nd8rds have been followed, subied to any material departures disclosed and explained in the financial statements., prepare the financial ststements on the going con￿rn basis unless it is inappropriate to presume that the Charity wrill continue in operation. The Trustees are responsible lor keeping piopei accounting records that disdose wth reasonable accuracy 8t any time the financial position of the Charity and enable thern lo ensure th8t the fin8ncial statements comply with the Charity's governing document, the Ch8rilies Act 2011, the Statement of Recommended Practice.. A¢¢ounting and Reporting by Chaiilies preparing the accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic ol Ireland IFRS 1021. and UK Generally Accepted Accounting Practice. The Trustees, Report was approved on 2.0.-..4..- I￿nd was signed on behalf ol the Trustees by.. Ig k