The Arete Foundation
THE OBJECTS OF THE CIO ARE: 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. FOR THE PURPOSE OF THIS CL
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net loss of £28,952 for the period, resulting in a decrease in closing bank balances from £44,947 to £15,995. The trustees' report indicates a policy to hold reserves of at least 15% of income to support sustainable grant giving, though the specific reserves figure is not explicitly stated in the provided financial summary. The filing does not disclose any material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The foundation aims to hold reserves of 15% of income received (as a minimum) to support sustainable grant giving and to ensure no grant pledges are unfulfilled.”
Trustees
- Alexandra Taliadoros
- Benjamin Hatton
- DAVID IAN MOORE
- Michael Anslow
- Michael James Fletcher
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £232k | £261k |
| 31/12/2023 | £242k | £228k |
| 31/12/2022 | £291k | £265k |
| 31/12/2021 | £64k | £59k |
| 31/12/2020 | £0 | £0 |
Common questions
Is The Arete Foundation financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net loss of £28,952 for the period, resulting in a decrease in closing bank balances from £44,947 to £15,995. The trustees' report indicates a policy to hold reserves of at least 15% of income to support sustainable grant giving, though the specific reserves figure is not explicitly stated in the provided financial summary. The filing does not disclose any material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| UBS UK Donor-Advised Foundation | 1 | £200k |
| THE GREEN HALL FOUNDATION | 1 | £6k |
| THE ALAN EDWARD HIGGS CHARITY | 1 | £5k |
| THE SAINTBURY TRUST | 1 | £3k |
| SKIPTON BUILDING SOCIETY CHARITABLE FOUNDATION | 1 | £2k |
| BARCHESTER HEALTHCARE FOUNDATION | 1 | £2k |
| THE EDGAR E LAWLEY FOUNDATION | 1 | £2k |
| THE DWF FOUNDATION | 1 | £1k |
Charities like this
- Chester Le Street United Foundation
- JCD FOUNDATION
- Solihull Moors Foundation
- THE LIZ AND JACK DANIEL FOUNDATION
- THE NAGLE FAMILY FOUNDATION
- ESHARELIFE FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| The Arete Foundation | £232k | — | 0 | unclear | — | no doubt |
| Chester Le Street United Foundation | £256k | — | 0 | below | — | no doubt |
| JCD FOUNDATION | £2.1m | — | 0 | unclear | — | no doubt |
| Solihull Moors Foundation | £894k | — | 0 | unclear | — | noted |
| THE LIZ AND JACK DANIEL FOUNDATION | £491k | £80,001 - £90,000 | 2 | unclear | — | no doubt |
| THE NAGLE FAMILY FOUNDATION | £150k | — | 0 | unclear | — | no doubt |