The Arete Foundation
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?
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.