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2023-04-05-accounts

THE ARCHER TRUST

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

Registered Charity No 1033534

THE ARCHER TRUST

CONTENTS

Page
REPORTS
Reference and administrative information 1
Report ofthe trustees 2-4
Report oftheAuditor 5-7
FINANCIALSTATEMENTS
Statement offinancial activities 8
Balance sheet 9
Notestothefinancialstatements 10-25

THE ARCHER TRUST

REFERENCE AND ADMINISTRATION INFORMATION FOR THE YEAR ENDED 5 APRIL 2023

REGISTERED CHARITY NUMBER 1033534

TRUSTEES MF Baker (Chairman) JN Archer L Packman (resigned 28 Feb 2023) C Atkins H MH Green R W J Mellors (Treasurer, appointed 28 Feb 2023) PRINCIPAL OFFICE Oakford Stortford Road Standon Wadesmill Ware Herts SG11 1LT AUDITOR Summers Morgan Sheraton House, Lower Road Chorleywood Rickmansworth WD3 5LH BANKERS Barclays Bank PLC 78 Turners Hill Cheshunt EN8& 9BW

INVESTMENT ADVISORS Investec Wealth and Investment Limited 2 Gresham Street London EC2V 7QN Ruffer LLP 80 Victoria Street London SWIE 5JL

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THE ARCHER TRUST

Annual report of the trustees for the year ended 5 April 2023

The trustees present their report and the financial statements for the year ended 5 April 2023. The financial statements have been prepared in accordance with the accounting policies set out in note | to the accounts and comply with the trust’s deed, the Charities Act 201] and accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

Structure, governance and management

Constitution

The trust is constituted under a charitable settlement dated 25 January 1994.

Ronnie and Catherine Archer

The Archer Trust was set up in 1994 in memory of Ronnie Archer, who rose through the ranks of Unilever to become Vice-Chairman. Throughout his life he and his wife Catherine applied his surplus earnings for the support of good causes. He provided the money; Catherine researched the beneficiaries.

Ronnie's early death did not bring this fruitful partnership to an end. Catherine set up the Archer Trust in 1994 and gave it initial funding from Ronnie's estate. As well as being a trustee, Catherine acted as the Trust's secretary and, from the company's generous widow's pension, made further gifts every year from the date of its foundation. She was a pillar of her local church and community, passionate about education and the disadvantaged, a loving mother who was keen to keep her wider family in touch with each other, and in times past a fine magistrate and an enthusiastic horsewoman. Her service to the Trust involved, among other things, consideration of all applications, correspondence with many of the applicants and visiting a number of the charities chosen for support. Her sudden death in November 2021, at the age of 87 but at a time when, though frail, she was living a full social life, was unexpected, and a blow to the Trust. Generous provision in her will, however, demonstrates her wish that it should continue its work unabated, which it will.

It is hoped that the Archer Trust will be a fitting memorial to a talented but modest couple.

Trustees

The trustees who served during the period from the beginning of the financial period to the date of the signing of this report, together with the reference and administrative information, are given on page |.

The trustees normally meet twice a year in spring and autumn to consider the position of the trust and to decide on distributions to be made. The trustees do not normally respond to unsuccessful applicants.

At each meeting the trustees review the performance of the investment portfolio from valuations and advice supplied by the broker. At each meeting the trustees confirm regular grants and approve new grants if funds are available. The trustees have the power to distribute for the purposes of the trust all the assets of the trust. They aim to designate and invest the trust's assets so as to maintain a balance between income and capital growth, and to distribute the net income in grants for charitable purposes.

Trustees are appointed based on the skills and expertise required. The number of trustees is not defined in the trust decd. The appointment of any new trustees rests with the existing trustees who are responsible for their induction. New trustees are inducted and trained using relevant material on the Charity Commission website, the Trust’s constitution, recent annual reports and minutes, and through mentoring from existing trustees.

Statement of trustees’ responsibilities

Charity law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and its financial activities for that period.

In preparing those financial statements the trustees are required to:

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THE ARCHER TRUST

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the asscts of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.

Objectives and activities for the public benefit

Principal objectives

The principal objects of the trust as set out in its constitution are:

Activities

The trust achieves its objectives by making grants to charities.

Grant making policy

Grants are made in accordance with the objectives of the trust. When allocating grants, the trustees favour small charities which provide support to defined groups of disadvantage or marginalised people, which are competently managed and able to provide up-to-date accounts, and which would be significantly assisted by a grant of between £1,000 and £5,000.

Applications for grants are invited in a number of ways: those who are given grants, except for one-off items, are invited to apply again; and the trustees advertise the Trust’s criteria for applications on its website www.archertrust.org.uk. Any applications for grants should be made in writing to the trust's registered address as shown on page 1.

Public benefit

The trustees confirm they have complied with their duties under section 17(5) of the Charities Act 2011 to refer to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in setting the grant making policy for the year.

Achievements and performance

During the year, grants totalling £358,500 (2022: £263,350) were made to various registered charities and the details are given in note 4 to the financial statements. In view of the modest level of dividends being paid from the investment portfolio, the trustees have transferred £305,000 from designated to general funds to cnable them to maintain and increase the level of grants being paid out.

Financial review

The death of Catherine Archer means that the Trust no longer receives donations from her each year which have made up the vast majority of the Trust’s donation income, In addition to the £1,300,000 assumed in the 2022 accounts, a further £1,282,474 was reccived from the estate in 2023 in a mixture of cash and transferred shares. It is likely that a final small sum will be paid from the estate in the second half of 2023 but this will not be material in the context of the trust’s finances.

The investment performance during the year, a reduction in value of £180,747 (2022: increase £96,166), is disappointing. The trustees have appointed two different investment managers, Rougher LLP and Investec Wealth & Investment Limited, who take significantly different approaches, to manage approximately half each of the trust’s investment portfolio. The Investec portfolio is closely aligned to the stock market and gives back gains made during a bull market when the market crashes. The Ruffer portfolio tends to underperform the market during a bull market

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THE ARCHER TRUST

and then do spectacularly well at a time of dislocation. The Ruffer portfolio performed better than the Investec portfolio during the year ended 31 March 2023.

The reserves of the trust have increased by £783,922 (2022: increase £1,155,439) during the year to £4,185,477 (2022: £3,401,556).

At 5 April 2023 the trust’s investments were valued at £2,537,125 (2022: £1,946,716). The trust has chosen not to adopt formal ethical investment policies. The policy of the trustees is that the funds are managed on the basis of generating a balance between capital growth and income. Investment performance is compared to a benchmark — for Ruffer, the total net return compared to the return on cash, for Investec to an investment sector benchmark. The Ruffer part of the portfolio achieved a total return net of fees of (0.8%) compared to a benchmark of 2.3%. The Investec part ofthe portfolio achicved a total return net of fees of(7.4%) compared to a benchmark of (3.4%). Neither has therefore achieved its objective for the year although Ruffer performed better.

Reserves policy

It is the policy of the trustees to spend the income of the general fund on charitable grants so as to keep the balance on the gencral fund close to zero. Donations and investment gains and losses go into the designated investment fund which the trustees use to generate income. The trustees have the discretion to transfer funds from the designated to the general fund to enable them to make additional grant payments should they choose to do so.

Plansfor thefuture

Given the increased level of reserves the trustees have decided to increase the value of grants awarded, recognising that this will not be sustainable in the long term. The trustees intend to continue to seek to maximise returns from investments with a balance between income and capital growth. The investment of capital and unsolicited donations are the only sources of ongoing income, and funds are invested with the object of ensuring that the capital fund retains its approximate real value in the medium term (after disposals necessary to fund an increased level of grants).

Remuneration ofthe trustees

The trustees do not receive any remuneration for their services, but may receive reasonable reimbursement of costs incurred on trust business. All trustees have waived any reimbursement of costs for the period.

Risk management

The trustees have reviewed the risks to which they consider the trust to be susceptible.

To date these have mainly related to investment management and these have been ameliorated by diversified portfolio management.

Appravedby

the trustees on 8" December 2023 and signed on their behalf by

R WJ Mellors Trustee

4

: THE ARCHER TRUST Independent Auditor’s Report to the trustees of The Archer Trust

Opinion

We have audited the financial statements of The Archer Trust (the Trust) for the year ended 05 April 2023 which comprise the statement of financial activities, the balance shect, and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ircland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Trust in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Trust’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilitics and the responsibilities of the Trustees of the Trust with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees of the Trust are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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THE ARCHER TRUST

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of Trustees of the Trust

As explained more fully in the statement of the Trust’s responsibilities, the Trustees of the Trust are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees of the Trust determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees of the Trust are responsible for assessing the Trust’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees of the Trust cither intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

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, THE ARCHER TRUST

We assessed the susceptibility of the charity’s financial statements to matcrial misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularitics and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the members and management and the inspection of regulatory and legal correspondence, if any.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www. fre.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Nicholas Corden ACA (Senior Statutory Auditor) for and on behalf of Summers Morgan

Chartered Accountants

Statutory Auditor

First Floor, Sheraton House

Lower Road Chorleywood Hertfordshire WD3 5LH

Summers Morgan is cligible for appointment as auditor of the Trust by virtue of its cligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

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THE ARCHER TRUST

Statement of financial activities for the year ended 5 April 2023

Notes General Designated Total Total
Fund Funds 2023 2022
£ £ £ £
Income from:
Donations and legacies 2 - 1,282,074 1,282,074 1,300,000
Investment income
Investment portfolio 58,437 - 58,437 33,482
Cash deposits 41} - 411 15
58,849 - 58,849 33,497
Total income $8,849 1,282,074 1,340,923 1,333,497
Expenditure on:
Raising funds 3 - 13,492 13,492 9,661
Charitable activities 4 362,761 - 362,761 264,463
Total expenditure 362,761 13,492 376,254 274,124
Net income and net movement in funds
before gains& losses (303,913) 1,268,582 964,670 1,059,373
Netgain/(losses)s on investments - (180,747) (180,747) 96,066
Transfers between funds 305,000 (305,000) - -
Netmovement in funds 1,087 782,835 783,922 1,155,439
Reconciliation offunds
Total funds at start ofyear 3,169 3,398,385 3,401,554 2,246,117
Total funds at end of year 4,256 4,181,220 4,185,477 3,401,556
Represented by:
Fixed assets - 2,537,125 2,537,125 1,946,716
Current assets 6,256 1,644,795 1,651,052 1,456,540
Current liabilities (2,000) (700) (2,700) (1,700)
4,256 4,181,220 4,185,477 3,401,556

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THE ARCHER TRUST

Balance sheet

at 5 April 2023

Notes 2023 2023 2022 2022
£ £ £ £
Fixed assets
lnvestments 5 2,537,125 1,946,716
Total fixed assets 2,537,125 1,946,716
Current assets
Debtors
Legacy receivable 2 1,300,000
Otherdebtors 7,515 3,699
Total current assets 7,515 1,303,699
Cash at bank 1,643,537 152,841
Total current assets “1,651,052 ~~1,456,540.
Liabilities
Creditors: amounts fallingdue within one year
Accruals (2,700) (1,700)
Net current assets 1,648,352 1,454,840
Net assets 4,185,477 3,4012556
Financed by:
The funds ofthe charity
Unrestricted funds
General fund 4,257 3,170
Designated funds 4,181,220 3,398,386
Totalcharityfunds 4,185,477 3,401,556

Approved by the trustees on 8/12/23 and signed on their behalf by

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R W J Mellors, Trastée
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JN Archer, Trustee
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i)

Notes to the financial statements

for the year ended 5 April 2023

1 Accounting policies The Archer Trust is established by a charitable trus( deed dated 25 January 1994 and is a registered charity.

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes (o these accounts. The financial statements have been prepared in accordance with the

Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with (he Financial Reporting Standard applicable in the UK and Republic of Ircland (FRS 102) (as amended for accounting periods commencing from | January 2016) and the Charities Act 2011,

The trust constitules a public benefit entity as defined by FRS 102.

The trustees consider that there are no material uncertainties about the trust’s ability to continue as a going concern,

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Alf expenditure is accounted for on an accruals basis. Grants payable are charged when the trustees decide to make the grant. Costs of gencrating funds represent investment management fees for the gencration of income. Grants payable are payments made to third parties in the furtherance of the objects of the charity.

Fixed asset investments are initially measured at cost including transaction costs, and are subsequently measured at fair valuc at cach reporting date (bascd upon closing mid-market value at the balance sheet date). Changes in fair valuc are recognised in the net income/(expenditure) for the year. The main form of risk faced by the charity is that of volatility in equity markets and investment markets duc to wider economic conditions, the attitude of investors to investment risk and changes in sentiment concerning equities and within particular sectors or sub-sectors.

The trust docs not acquire or use put options, derivatives or other complex financial instruments.

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THE ARCHER TRUST

  1. The designated fund receives the income from donations including tax on gift aided donations, pays the investment management costs, and benefits or suffers from investment gains and losses.

  2. (h) Financial instruments

The charity has current financial assets and financial liabilitics of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost.

2 Legacy income and receivable

A Icgacy is receivable from Mrs Catherine Archer, who diced during the previous financial year. Probate was granted on her estate in 2002 and to date £2,582,874 has been received. It is likely that further distributions will be reccived, but these amounts are not yet quantified.

3 Raising funds

Investment management charges

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2023 2022
£ E
13,492 9.661
13,492 9,061
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4 Charitable activities

2023 2022
£ £
Charitable grants
EastNorthants Faith Group 10,000 1,200
Second Sight 7,000 5,000
EP Youth 5,000 0
Exodus Project 5,000 3,000
Families in Care Tyneside 5,000 0
Bishops Stortford Mencap (Grove Cottage) 5,000 0
Just Be a Child 5,000 0
LiliasGraham Trust 5,000 5,000
Offthe Streets 5,000 0
ParentingMental Health 5,000 4,000
Tea LeafTrust 5,000 0
Azalea 4,000 0
Educating the Children 4,000 0
Hope and Vision Communitics 4,000 0
HostNottingham 4,000 2,000
Let's EducateThem 4,000 0
Porridge and Pens 4,000 0
Sleepsafe Selby 4,000 0
Globe Community Project 3,500 0
Participate Projects 3,500 0
Accomplish Children's Trust 3,000 0
Cleveland Housing Advice Centre 3,000 2,000
GivingHandsMission 3,000 2,000

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THE ARCHER TRUST

Halow(Birmingham) 3,000 3,000
Handicapped Children's ActionGroup 3,000 1,500
Joy forHumanityUK 3,000 0
JPCCommunityFarm 3,000 2,000
Keys Project 3,000 4,000
Makhad Trust 3,000 0
Muscular Dystrophy Support(NMC Midlands Ltd) 3,000 0
Pipal Tree (formerly ChoraChori) 3,000 3,000
Playskill 3,000 5,000
Reach the Children UK 3,000 0
Rotherham Talking Newspaper 3,000 0
Beloved 2,500 0
Crossroads Care Barnsley 2,500 0
Devon LinkUp 2,500 0
Friends ofUrambo and Mwanhala 2,500 0
IPSEA (Independent Parental Special Education Advice) 2,500 2,500
IpswichCommunity Playbus 2,500 0
Kingswood Trust 2,500 0
Narthex Centre, Sparkhill 2,500 0
Networkfour 2,500 0
Orchards 2,500 0
Prison Fellowship 2,500 2,500
Ryders Green Methodist Centre 2,500 0
Simien Mountains Mobile Medical Service 2,500 2,500
Streams ofMercy 2,500 0
Unity Film& Production 2,500 0
Walk Ministries 2,500 0
All Saints Action Network 2,000 0
Basildon Resource Centre 2,000 2,000
Beam (Beacon Elim Churches) 2,000 0
Beyond Limits 2,000 0
Building BallysallyTogether 2,000 0
Castle Point Social Care Scheme 2,000 0
Daventry Contact 2,000 2,000
Deki 2,000 1,500
Disabled Workers Cooperative 2,000 1,000
Families UnitedNetwork 2,000 0
Farnworth Baptist Church 2,000 0
Fireand Peace Recovery 2,000 0
Freedom Community Alliance 2,000 0
Future Living, Hertford 2,000 2,000
GivingWorld 2,000 2,000
Golddigger Trust 2,000 3,000
HelpingHandsCommunity Project 2,000 2,000
Hextol Foundation 2,000 0
HolidayHomes Trust 2,000 2,000
Home toWork 2,000 0
HouseontheCorner 2,000 1,000

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THE ARCHER TRUST

Housing the Homeless Central Fund 2,000 0
Hummingbird Initiative 2,000 0
Lily-Jo Project 2,000 0
Madc forMore 2,000 0
Magdalen 2,000 2,000
Michael Roberts Trust, Harlow 2,000 0
Mondo Challenge 2,000 0
Nehemiah Project 2,000 2,000
New LifeWood 2,000 0
Oakfield (Easton Maudit) Ltd 2,000 0
Omega, TheNational Association for End ofLife Care 2,000 0
Pukar Disability Resource Centre 2,000 0
Re:Source Blackburn 2,000 0
Separated Child Foundation 2,000 1,500
Siblings Together 2,000 2,000
SixtyOne 2,000 1,000
SOFA project 2,000 2,500
St Paul's Hostel 2,000 4,000
St Wilfrid's Centre 2,000 2,000
Strive Café, Bexhill 2,000 0
Support Line 2,000 0
Supporting Dalit Children 2,000 2,000
TowerHamlets Parents Centre 2,000 2,000
Transom Trust 2,000 0
Melcombe Regis and Radipole Churches 2,000 2,000
57 West Baptist Church 1,500 0
Assure (Lighthouse Family Trust) 1,500 0
Beyond the Horizon 1,500 0
Casba 1,500 0
Children for Health 1,500 0
ChurchArmy 1,500 1,500
Crops 1,500 0
Free the Way 1,500 0
Gympanzces 1,500 0
Harbour 1,500 0
Interaction Milton Keynes 1,500 0
Lake District Mobility 1,500 0
MakeThem Smile 1,500 0
Nissi Homes 1,500 0
Refugee Roots 1,500 0
South Essex Advocacy 1,500 0
StarAddiction Support 1,500 0
Starfish Malawi 1,500 0
TogetherWe Learn 1,500 0
Trauma Informed Parenting 1,500 0
Willowfield Parish Community Association 1,500 1,500
Wren Project 1,500 0
AbilityCooperative,Irlam 1,000 0

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Advantage! Barrow Raiders 1,000 0
Armonico Consort 1,000 0
Autistic Minds 1,000 0
Bentley Beginnings, Walsall 1,000 0
Birch 1,000 1,000
BlueSky Trust 1,000 0
Bright FuturesUK 1,000 0
British Disabled AnglingAssociation 1,000 0
Build Charity 1,000 0
Butterfly Trust 1,000 0
Celfogwmpas 1,000 0
ChangesTamworth 1,000 0
Chapter (West Cheshirc) 1,000 1,000
Compass Braille 1,000 1,000
CreateHope 1,000 0
Crosspoint Hub 1,000 0
DownSyndrome Development 1,000 0
Edge, Ballynahinch 1,000 0
Evergreen Africa 1,000 0
Every Parent and Child 1,000 0
Framlingham AreaYouth Action Partnership 1,000 0
Funky Kids 1,000 0
Ghana School Aid 1,000 0
The Gifted 1,000 1,500
Improving Lives 1,000 1,000
The Joy Foundation 1,000 1,500
JustGood Friends Club 1,000 0
Kisumu Children's Trust 1,000 1,000
Menai Strait's Heritage Sailing 1,000 0
Music formyMind 1,000 1,000
The Mustard TreeFoundation 1,000 0
TheOpen DoorCentre 1,000 0
The Parish Trust 1,000 0
Parkwood Methodist Church 1,000 0
People SpeakUp 1,000 0
Project Aid Alliouagana 1,000 0
Re:work 1,000 0
Red Kite 1,000 0
Regal Respite 1,000 0
Restored HopeZambiaUK 1,000 0
Ridley Eye Foundation 1,000 0
Sanctus 1,000 0
Sketty Foodbank 1,000 0
SpencerContact, Northampton 1,000 0
Strongbones Children's CharitableTrust 1,000 0
SunbeamsPlay 1,000 0
TastelifeUK 1,000 0
ToolsforSolidarity 1,000 1,000

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Vulture Club 1,000 0
Water Harvest (formerly Wells for India) 1,000 1,000
West Scotland DeafChildren's Socicty 1,000 0
Westminster Street Pastors 1,000 0
Youth and Community Connexions 1,000 0
ZambiaOrphans AidUK 1,000 0
Cued Speech Assoc'n (Nat'l Ctre forCued Speech) 500 0
Open Doors Project 500 0
Our Special Friends 500 0
Mission Without Borders 0 5,000
Raising Futures Kenya 0 5,000
Safe Families for Children 0 5,000
Aspirations Program 0 4,000
Autism Inclusive 0 4,000
Lanarkshire Epilepsy 0 4,000
The Primary Trauma Care Foundation 0 4,000
BEST Befriending and Support forForeign Prisoners inHMP 0 3,000
Wandsworth
The Bumblebee Children's Charity 0 3,000
Child AutismUK(formerly Parents forthe Early Intervention of 0 3,000
Autism in Children
Child ofHope 0 3,000
Home from Hospital Care 0 3,000
Hope Housing, Bradford 0 3,000
Hypo Hounds 0 3,000
International Refugee Trust 0 3,000
Kepplewray Trust 0 3,000
Silverlining Charity 0 3,000
Stand Out Programmes 0 3,000
Team Oasis 0 3,000
CarisCamden 0 2,500
Rise: Mind and Body 0 2,500
Citizens Advice Hillingdon 0 2,400
Acacia Family Support 0 2,000
Access 0 2,000
Bentilee Volunteers 0 2,000
Bluevale Community Club 0 2,000
Chopwell Regeneration 0 2,000
Friends ofCollett 0 2,000
Creative Living Centre 0 2,000
Favell Day Services 0 2,000
Gilead 0 2,000
Green HealthThames Valley 0 2,000
Gwennics Getaways 0 2,000
Hospitality andHope 0 2,000
Insight CounsellingCoaching and Support 0 2,000
Lotus Flower Trust 0 2,000
Parallel Youth Enterprise 0 2,000
Reach Mentoring 0 2,000
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THE ARCHER TRUST

Renew Stockport 0 2,000
Tees ValleyWomen's Centre 0 2,000
Zen Project, innerLondon 0 2,000
Able Kids 0 1,500
Bridge, Leicester 0 1,500
Calvert Trust, Exmoor 0 1,500
Cellar Trust 0 1,500
The Crossing Point 0 1,500
For the Love ofa Child 0 1,500
Growth, Tower Hamlets 0 1,500
House ofBread, Stafford 0 1,500
Liverpool Lighthouse 0 1,500
SafetyNet (UK) 0 1,500
Sewing2gether forAll Nations 0 1,500
Sorted 0 1,500
Sudden Productions 0 1,500
Welcome to theUK 0 1,500
The Wingate Special Children's Trust 0 1,500
Always Another Way Cumbria 0 1,000
Autism Bedfordshire 0 1,000
Cann Bridge School Support 0 1,000
CEAD 0 1,000
Christ Church Lancaster 0 1,000
ClimbingOut 0 1,000
Cycle-R 0 1,000
The Datic Trust 0 1,000
Deptford Action Group forthe Elderly 0 1,000
Finsbury& Clerkenwell Volunteers 0 1,000
Heartbeat Co Durham 0 1,000
Heathrow SpecialNeeds Centre 0 1,000
MASA: Men Against Sexual Abuse 0 1,000
New Heights 0 1,000
PhabLife (was Phab Shop), Rayleigh 0 1,000
The Sequal Trust 0 1,000
The Suited and Booted Centre 0 1,000
Time Out Group (North West) 0 1,000
Zimbabwe Educational Trust 0 1,000
360,500 259,600
Unpresented cheque written back (2,000)
Last yeargrants under£1000 less unpresented written back 3,750
Total grants made to institutions 358,500 263,350
Governance costs
Auditor’s fee 3,400 960
Administration, bankcharges and website costs 852 153
Total charitable activities
362,752 264,463

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THE ARCHER TRUST

5 Investments

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |2023|2022| |£|£| |Carrying amount|at|start|of ycar|1,946,716|1,927,265| |Additions|at|cost|1,080,248|131,974| |Additions|—|in|specie|895,527|-| |Disposal|proceeds|(1,204,620)|(208,589)| |Net|gain/(loss)|on|revaluation|(180,747)|96,066| |Carrying amount|at|end of year|2,537,125|1,946,716| |Investment|assets|in|the|United|Kingdom|1,169,550|781,290| |Investment|asscts|outside|the|United|Kingdom|1,367,575|1,165,426| |2,537,125|1,946,716| |Cost|at|end|of ycar|2,512,860|1,562,956| |Holdings|representing|more|than 5%|of the|total|market|value|were|as|follows:| |Ruffer Charity|Assets|Trust C|Inc|29.9%|42.9%|

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Fixed asset investments revalued

All investments are carried at their fair value. Investments in equities and fixed interest securities are all traded in quoted public markets, primarily the London Stock Exchange. The basis of fair value for quoted investments is equivalent to the market value. Asset sales and purchases are recognised at the date of trade at cost (that is their transaction value).

6 Financial instruments

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |2023|2022| |£|a| |Carrying amount|of financial|assets| |Debt|instruments|measured|at|amortised|cost|7,515|1,303,699| |Instruments|measured|at|fair|value|through|profit|and|loss|2,537,125|1,946,716| |Carrying|amount|of financial|liabilities| |Measured|at|amortised|cost|2,700|1,700| |7|Employees| |There|were|no|employces|during|the|year|(2022:|none).| |8|Movement|in|funds| |Net|movement| |2022|in|funds|2023| |£|E|£| |Unrestricted|income|funds| |General|fund|3,169|1,087|4,256| |Designated|income|funds|3,398,386|782,835|4,181,220| |Total|funds|3,401,556|783,922|4,185,477|

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THE ARCHER TRUST

Net movement in funds included in the above are as follows:

Incoming Expenditure Gain/ Transfers Movement
resources (loss) on between in funds
investments funds
£ £ £ £ £
Unrestricted income funds
General fund 58,849 (362,761) - 305,000 1,087
Designated income funds 1,282,074 (13,492) (180,747) (305,000) 782,835
Totalfunds 1,340,923 (376,254) (180,747) - 783,922

9 Related party transactions

The aggregate donations received from trustees during the year was £nil (2022: £nil). The legacy income of £1,282,074 recognised during the year is from the estate of a late Trustee, Mrs Catherine Archer.

None of the trustees (or any persons connected with them) received any remuneration or were reimbursed for any expenses in the year (2022: none).

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5 THE ARCHER TRUST

Appendix — this does not form part of the examined accounts

Information on recipients of grants

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e The Keys Project trains and equips teams of volunteers to support clients before, during and after detox from drugs and alcohol in the context of spiritual and community support.

e Walk Ministries offers help, support and encouragement to help men transition successfully to life outside prison.

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.

® New Life Wood provides opportunities for those leaving prison, those with mental health problems and those in poverty through wood regeneration and recycling in south Essex

e Omega, The National Association for End of Life Care, provides volunteer telephone and letter befrienders to those facing end of life and bereavement

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e Children for Health provides health education in various developing countrics, teaching children to teach their families

e Gympanzees received a one-off grant for its play and therapy provision to disabled children in Bristol

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.

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THE ARCHER TRUST

° Westminster Strect Pastors, working under the umbrella of the Ascension Trust, provides night-time support to those in need on the streets in the City of Westminster. During the Covid pandemic, their attention has particularly been on rough sleepers who are unable to access emergency accommodation.

° Prison! Me! No Way! Was founded by prison officers to deter young people from crime and to teach them the reality of life in prison.

° The Cued Speech Association UK (formerly National Centre for Cued Speech) promotes and teaches a simple sign system to help those with hearing difficulties. ° Open Doors Project works with children and young people with severe learning difficulties and special needs in Birmingham

° Our Special Friends provides animal companionship in East Anglia and received a one-off contribution due to a personal connection with our late founder

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