2024-03-31-accounts - Arete Stories Charitable Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 1 Apr 2023 To 31 Mar 2024

Section A Reference and administration details

Charity name ARETE STORIES CHARITABLE TRUST

Other names charity is known by

Registered charity number (if any) 1187772

Charity's principal address[THE OLD SCHOOL HOUSE, WEST STREET,] SOUTHWICK FAREHAM, Hants Postcode PO17 6EA

Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Katherine Holt
2 Nicole Esselen
3 James Clemence
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

March 2012

TAR

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Constitution

Type of governing document (eg. trust deed, constitution) Charitable Incorporated Organisation How the charity is constituted (eg. trust, association, company) Appointed by trustees Trustee selection methods

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

The prevention or relief of poverty for the public benefit by the provision of: (a) skills based training in particular, but not exclusively in, embroidery, weaving and couture that will improve the beneficiaries Summary of the objects of the chances of future employment, (b) financial support and the supply of charity set out in its equipment such as sewing machines and it equipment that will increase governing document production and enable beneficiaries to become self-sufficient.

March 2012

TAR

The charity was established February 2020 for the objectives set out above.

The charity trustees have had regard to the Charity Commission’s guidance on public benefit in exercising their powers or duties.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

March 2012

TAR

Section D Achievements and performance

Summary of the main achievements of the charity during the year

The charity has identified a further eligible project for funding, however this was not completed within the financial year.

March 2012

TAR

Section E Financial review

Brief statement of the charity’s policy on reserves

Details of any funds materially in deficit

The charity has raised its funding on a project basis and holds limited reserves over and above those required to complete committed projects. It aims to maintain a minimum of 4 months’ operating expenditure and reserve levels at year end were in excess of this. Reserves are reviewed before projects are committed.

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) James Clemence Full name(s) Katherine Holt Position (eg Secretary, Chair, Trustee Trustee etc) Date 8 January 2025

March 2012

TAR

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Charity Name No (if any)
Arete Stories Charitable Trust 1187772
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 01/04/2023 31/03/2024
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Voluntary receipts - - -
Exchange rate gains - - - - 545
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
- - - - 545
AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts - - - - 545
A3 Payments
Charitable Activities - - -
Exchange rate losses 306 - - 306 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 306 ] - - 306 -
A4 Asset and investment
purchases, (see table)
Loan repayments - - - - -
- - - -
Sub total [ - ] - - - -
Total payments 306 - - 306 -
Net of receipts/(payments) - 306 - - - 306 545
A5 Transfers between funds - - - - -
A6 Cash funds last year end 6,431 - - 6,431 5,886
Cash funds this year end 6,125 - - 6,125 6,431
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CCXX R1 accounts (SS)

21/01/2025

Section B Statement of assets and liabilities at the end of the period

Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets	Signature Details Details Bank Details Details *Total cash funds* (agree balances with receipts and payments account(s)) Details	Unrestricted funds Restricted funds to nearest £ to nearest £ 6,125 - - - - - 6,125 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Katherine Holt James Clemence	Endowment funds to nearest £ - - -
			-
			OK
			Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval 08 January 2025 08 January 2025

CCXX R2 accounts (SS)

21/01/2025