## **Trustees’ Annual Report for the period**
## **From 01/01/2021 Period start date To 31/12/21 Period end date**
## **Charity name: The Arete Foundation**
## **Charity registration number: 1184657**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To promote social inclusion for the public
benefit by preventing people from
becoming
socially excluded, relieving the needs of
those people who are socially excluded
and
assisting them to integrate into society, in
particular, but not by way of limitation, in
the
North of England and by making grants as
the trustees see fit from time to time.|
|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|The Arete Foundation launched during this
period three grant programmes, one off
grants for community organisations in the
north-west, long-term funding for local
community organisations in the north-west
and funding for national organisations
working in alignment with our purposes and
objects in the north-west. The trustees are
also committed to donating to good causes
aligned to the foundation’s vision and
purpose across the north-west. The
foundation also confirmed collaboration
with the Prince’s Trust (as part of the
foundation taking up patronage of the
charity) which resulted in a series of
fundraising events for both the Arete
Foundation and the Prince’s Trust.|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|Trustees have had regard to the guidance
issued by the charity commission on public
benefit.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
SORP reference
Policy on grant making Para 1.38 Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers 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|Through the long term local funding stream
the foundation awarded grants to the
Harthill and Central Youth centres in
Liverpool, to support young people affected
by domestic abuse and sexual assault and
exploitation. Community grants were
awarded to the Unbeatable Eva Foundation
(an organisation which provides gift boxes
to children with a terminal cancer) and the
Cells Project (a charity which works to
prevent and address youth criminal activity
and drug abuse). Further donations were
made to the Footprints foundation, Man
United Football Club and the Liverpool
Council- all supporting youth projects
across the UK.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
Achievements against Para 1.41 objectives set Performance of fundraising activities against objectives Para 1.41 set
Investment performance Para 1.41 against objectives Other
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|5,141.71|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|We aim to hold a reserve of 2.5% regarding
our annual turnover.|
|Amount of reserves held|Para 1.22|2.5%|
|Reasons for holding zero
reserves|Para 1.22|N/A|
|Details of fund materially in
deficit|Para 1.24|N/A|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A|
## **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||
|---|---|---|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46||
|A description of the principal
risks facing the charity|Para 1.46||
|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|
|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|Trustees have been selected from partners
within Arete Capital Partners, however the
aim is to diversify the board in the future,
and recruit further skillsets outside the
company.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
## **Reference and Administrative details**
|Charity name|The Arete Foundation|
|---|---|
|Other name the charity uses||
|Registered charity number|1184657|
|Charity’s principal address|1st Floor, 14 Castle Street, Liverpool L2 0NE|
|||
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (if any)**|
|---|---|---|---|---|
||Michael Fletcher||||
||Michael Anslow||||
||Benjamin Hatton||||
||David Moore||||
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## – Corporate trustees names of the directors at the date the report was approved
**Director name** N/A
Name of trustees holding title to property belonging to the charity
|**Trustee name**|**Dates acted if not for whole year**||
|---|---|---|
|N/A|||
||||
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## **Funds held as custodian trustees on behalf of others**
Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
**Type of Name Address adviser**
## **Name of chief executive or names of senior staff members (Optional information)**
Alexandra Taliadoros
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
|**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|Alexandra Taliadoros||
|---|---|---|
||Alexandra Taliadoros||
||
Director||
||31/08/2022||
||31/08/2022||
**The Arete Foundation - Charity No. 1184657 Annual Accounts 01.01.2021 - 31.12.2021**
**£**
**£**
|**Income**
Sponsorship and donations
Fundraising events
Bank interest
**Expenditure**
Fundraising activities
Consultancy costs
Charitable donations
Marketing and website costs
Bank charges
**Net Profit**
Opening bank balance as at 01.01.2021
Closing bank balance as at 31.12.2021|25,180
38,750
3
**63,933**
21,631
14,100
11,600
11,280
180
58,791
**5,142**
0.00
5,141.71|25,180
38,750
3|
|---|---|---|
**Prime Accountancy (Merseyside) Limited 64 Mill Lane Liverpool L12 7JB**
CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's
report on the accounts
Section A
Independent Examiner's Report
Report to the trustee81
m•mbers of
T¥E (XL&TL F.-ID
On accoun1$ for tho y8ar
ended
3 I lo IK
Charity no
(If any)
Set out on pages
I r8POrt to the trustees on my examination of the accounts of th8 above
¢harity (Ihe Trust.) for the year ended 3 1 i i Loii
Rasponsibilities and As the charity trustees of the Trust, you ar8 responsible for the preparation
basls of report of th8 accounts in accordanc8 With the requirements of the Charities Act
2011 ("the Act'>.
I report in respect of my examination of th8 Trust's accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed the applicable Directions given by the Charty Commission
under sectlon 145(5)Ib> of the Act.
I have completed my examination. I confim that no materlal matters have
come to my attention (other than that disclosed below.) in connection with
the examination which gives me cause to beliève that in, any matèrial
respect..
accounting records were not kept in accordance wTrth section 130 of
the Act or
the accounts do not accord wlth the accounting records
I have no ¢oncems and have come across no other matters in connection
with the examination to which attention should be drawn in order to enable a
proper understanding of the accounts to be reached.
P18ase delete the words in the brackets rf they do not apply.
Date..
Independant
•xamlnerfs statement
Slgned..
2w -c)f - loll.
Name:
Relevant professlonal
quallflcatlon(s) or body
(If any}:
Addre$8:
c4
U4
7T
IER
Octobèr 2018
Section B
Disclosure
Only complete if Ihe examiner needs to highlight matters of concern (see CC32,
Independent examinatlon of charity accounts: directions and guidance for
examiners).
Glve here brfef datalls of
any Items that the
examlner wlghes to
disclose.
IER
October 2018