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2025-04-05-accounts

THE ARCHER TRUST

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

Registered Charity No 1033534

THE ARCHER TRUST

CONTENTS

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|||||| |---|---|---|---|---| |Page| |REPORTS| |Reference|and|administrative|information|i| |Report|of the|trustees|2-4| |Report|of the|Independent|Examiner|5|

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FINANCIAL STATEMENTS

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||||||| |---|---|---|---|---|---| |Statement|of financial|activities|6| |Balance|sheet|7| |Notes|to|the|financial|statements|8-21|

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THE ARCHER TRUST

REFERENCE AND ADMINISTRATION INFORMATION FOR THE YEAR ENDED 5 APRIL 2025

REGISTERED CHARITY NUMBER 1033534

TRUSTEES MF Baker = (Chairman) JN Archer C Atkins H MH Green R W J Mellors (Treasurer) J F Wastell-Payne

PRINCIPAL OFFICE Oakford Stortford Road Standon Ware Herts SG11 1LT

INDEPENDENT EXAMINER Summers Morgan Sheraton House, Lower Road Chorleywood Rickmansworth WD3 S5SLH

BANKERS

Barclays Bank PLC 78 Turners Hill Cheshunt EN8 9BW

INVESTMENT ADVISERS

Rathbones (incorporating Investec Wealth & Investment (UK)) 2 Gresham Street London EC2V 7QN

Ruffer LLP 80 Victoria Street London SWIE 5JL

1

THE ARCHER TRUST

Annual report of the trustees

for the year ended 5 April 2025

The trustees present their report and the financial statements for the year ended 5 April 2025. 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 2011 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 wasa 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 all 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 around June and December 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 separate meetings in spring and autumn a smaller group of trustees considers applications for repeat grants.

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 deed. 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 givea true and fair view of the state of affairs of the charity and its financial activities for that period.

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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 assets 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

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 usually invited to apply again; and the trustees advertise the Trust’s criteria for applications on its website www.archertrust.org.uk.

In January trustees decided to make a grant of £30,000 to St Catherine’s Sacombe to assist with repairs to the church roof and associated works. The Trust does not normally make grants for building or repair work or grants of this size. This is an exception. The grant is made in loving memory of the three Overton sisters, Catherine Archer, the founder of the Archer Trust, Elizabeth (Buzz) Cripwell, and Sarah Baker. Buzz and Sarah both died in 2024. They were all practical people who would, we are sure, have thoroughly approved a grant with a practical purpose rather than a more formal memorial.

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 and performance

Achievements and and performance " During the year, 186 grants totalling £413,750 were made to various registered charities (2024 :£353,000) and the details are given in note 4 to the financial statements. 91 of these grants were to organisations who also received a grant in one or both of the last two financial year. Two grants from previous financial years totalling £4,500 were written back as cheques had not been not presented so net grant payments totalled £409,250. 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 enable them to maintain and increase the level of grants being paid out.

Financial review

The investment performance during the year, a decrease in value of £26,621 (2024: decrease £23,037), is again disappointing. The trustees have appointed two different investment managers, Ruffer LLP and Rathbones (incorporating Investec Wealth & Investment UK), who take significantly different approaches, to manage approximately half each of the trust’s investment portfolio. The Rathbones portfolio is closely aligned to the stock

3

THE ARCHER TRUST

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 and then do spectacularly well at a time of dislocation. The Rathbones portfolio performed better than the Ruffer portfolio during the year ended 31 March 2025.

The reserves of the trust have reduced by £349,679 (2024: reduction £282,562) during the year to £3,553,236 (2024: £3,902,914).

At 5 April 2025 the trust’s investments were valued at £3,414,720 (2024: £3,500,099).

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 Rathbones to an investment sector benchmark. The Ruffer part ofthe portfolio achieved a total return net of fees of 3.9% compared to a benchmark of 3.5% (2024 return was a reduction of3.7% against a benchmark of (plus) 5%). The Rathbones part of the portfolio achieved a total return net of fees of 6.9% (5.82%) compared to a benchmark of 7.9% (10.3%). Only Ruffer achieved its objective for the year therefore although Rathbones again performed better._

Reserves policy

It is the policy ofthe trustees to spend the income ofthe general fund on charitable grants so as to keep the balance on the general 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.

Approved by the trustees on 18" July 2025 and signed on their behalf by

wy iL’ i el A al R WJ Mellors Trustee

4

THE ARCHER TRUST

Report of the independent examiner to the trustees of The Archer Trust for the year ended 5 April 2025

I report to the trustees on my examination of the accounts of The Archer Trust (the Trust) for the year ended 5 April 2025 which are set out on pages 6 to 13.

Responsibilities and basis of report

As the charity trustees ofthe trust you are responsible for the preparation ofthe accounts in accordance with the requirements ofthe Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trustee’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning theform and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a “true andfair view” which is not a matter considered as part of an independent examination.

T have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order,to enable a proper understanding of-the accounts to be reached.

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5

THE ARCHER TRUST

Statement of financial activities

for the year ended 5 April 2025

Notes General Designated Total Total
Fund Funds 2025 2024
£ £ £ £
Income from:
Donations and legacies 2 - (1,827) (1,827) 20,000
Investment income
Investment portfolio 102,797 - 102,797 92,580
Cash deposits 3,023 - 3,023 1,297
105,820 - 105,820 93,877
Total income 105,820 (1,827) 103,993 113,877
Expenditure on:
Raising funds 3 - 15,323 15,323 17,873
Charitable activities 4 411,728 - 411,728 355,529
Total expenditure 411,728 15,323 427,051 373,402
Net income and net movement in funds
before gains& losses (305,908) (17,150) (323,058) (259,525)
Net losses on investments - (26,621) (26,621) (23,037)
Transfers between funds 305,000 (305,000) - -
Netmovement in funds (908) (348,771) (349,679) (282,562
Reconciliation offunds
Total funds at start ofyear 4,604 3,898,310 3,902,914 4,185,477
Total funds at end ofyear 3,697 3,549,539 3,553,236 3,902,914
Represented by:
Fixed assets - 3,414,720 3,414,720 3,500,099
Current assets 7,658 135,520 143,177 408,326
Current liabilities (3,961) (700) (4,661) (5,510)
3,697 3,549,539 3,553,236 3,902,914

6

THE ARCHER TRUST

Balance sheet

at 5 April 2025

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|||||| |---|---|---|---|---| |Notes|2025|2025|2024|2024| |£|£|£|£| |Fixed|assets| |Investments|5|3,414,720|3,500,099| |Total|fixed|assets|3,414,720|3,500,099| |Current|assets| |Debtors| |Legacy|receivable|2|18|20,000| |Other debtors|9,741|10,753| |Total|current|assets|9,759|30,753| |Cash|at bank|133,418|377,572| |Total|current|assets|143,177|408,326| |Liabilities| |Creditors:|amounts|falling|due within|one year| |Accruals|(4,661)|(5,510)| |Net|current|assets|138,516|402,816| |Net|assets|3,553,236|3,902,914| |Financed|by:| |The|funds of the|charity| |Unrestricted|funds| |General|fund|3,697|4,604| |Designated|funds|3,549,539|3,898,310| |Total charity funds|3,553,236|3,902,914|

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Approved by the trustees on 18" July and signed on their behalf by

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AT y fi / a
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R W J Mellors, Trustee

VV - J N Archer, Trustee

7

THE ARCHER TRUST

Notes to the financial statements

for the year ended 5 April 2025

The Archer Trust is established by a charitable trust deed dated 25 January 1994 and is a registered charity.

The trust constitutes 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.

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

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THE ARCHER TRUST

2 Legacy income and receivable

A legacy has been received from Mrs Catherine Archer. Probate was granted on her estate in 2022 and to date £2,604,829 has been received. This includes £18,155 received in 2024/25, slightly less than the £20,000 assumed in the 2024 accounts. A small further sum was received after the end of the financial year but no further payment is expected.

3 Raising funds

2025 2024
£ £
Investment management charges 15,323 17,873
15,323 17,873
2025 2024
£ £
Charitable grants
Sacombe Church 30,000 -
Second Sight 8,000 -
TeleEEG 5,000 7,500
Lilias Graham Trust 5,000 5,000
Parallel Youth Enterprise 5,000 4,000
Hope andVision Communities 5,000 -
Porridge and Pens 4,500 -
Stand Out Programmes 4,000 4,000
Clowns Without Borders 4,000 3,000
Prevent 2 Protect 4,000 3,000
Exodus Project 4,000 -
Families in Care Tyneside 4,000 -
Oasis Project 4,000 -
Ruddi's Retreat 4,000 -
Tiyeni 4,000 -
Together Project 4,000 -
Deki 3,500 3,000
GiftedWomen 3,000 3,000
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THE ARCHER TRUST

Ark Centre 3,000 2,500
Beloved 3,000 2,500
Kairos Housing 3,000 2,000
Omega 3,000 2,000
Separated Child 3,000 2,000
Child Autism UK. 3,000 -
Cleveland Housing Advice Centre 3,000 -
Giving Hands Mission 3,000 -
Hummingbird Initiative 3,000 -
Keys Project 3,000 -
Kingswood Trust 3,000 -
Tower Hamlets Parents Centre 3,000 -
ASD Rainbows 3,000 -
Cherry Orchard Garden Services 3,000 -
Dnipro Hope Mission 3,000 -
Gap Ministries (Mungu Anawesa) 3,000 -
GoMAD 3,000 -
Joining Communities Together 3,000 -
Love Amelia 3,000 -
MelinCommunity Trust 3,000 -
My Life 3,000 -
Project Harar 3,000 -
Pursue 3,000 -
Square Peg Activities 3,000 -
Third Hope Africa 3,000 -
Well Community Projects 3,000 -
Ryders Green Methodist Centre 2,750 -
Raising Futures Kenya 2,500 5,000
Child ofHope 2,500 2,000
FACET 2,500 2,000
Housing the Homeless Central Fund 2,500 2,000
Parish ofMelcombe Regis with Radipole 2,500 2,000
Assure 2,500 -
Farnworth Baptist Church 2,500 -
Freedom Community Alliance 2,500 -
Future Living, Hertford 2,500 -
Interaction Milton Keynes 2,500 -
Hope Support Services 2,500 -
Lunch onthe Run 2,500 -
Music ofLife 2,500 -
Music ReliefFoundation 2,500 -
Papua Partners 2,500 -
We Are Listening 2,500 -
St Aldhelm's Church Edmonton 2,000 4,000
Just Be a Child 2,000 3,000
Orchards 2,000 3,000
Handicapped Children's Action Group 2,000 2,500
Perkisound 2,000 2,000
Sixty One 2,000 2,000
Source ofHope 2,000 2,000
Sudden Productions 2,000 2,000
Support Line 2,000 1,000
Beam (Beacon Elim Churches) 2,000 -
Beyond the Horizon 2,000 -
CannBridgeSchoolFund 2,000 -

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THE ARCHER TRUST

Criminon 2,000 -
Daventry Contact 2,000 -
DisabledWorkers Coop, Taunton 2,000 -
Evergreen Africa 2,000 -
Golddigger Trust, Sheffield 2,000 -
Green Health Thames Valley 2,000 -
Helping Hands, Leamington 2,000 -
Hextol Foundation 2,000 -
New LifeWood 2,000 -
Prison Fellowship 2,000 -
Prison! Me! NoWay! 2,000 -
Reach the ChildrenUK 2,000 -
Rotherham TalkingNewspaper 2,000 -
St Wilfrid's Centre, Sheffield 2,000 -
040 Cookstown 2,000 -
Action East Devon 2,000 -
Active Hope 2,000 -
Comfort CasesUK 2,000 -
Contact 2,000 -
English for All 2,000 -
Evolve Recovery Homes 2,000 -
Feeling Social 2,000 -
Foundation for Social Change (House ofOpportunity) 2,000 -
Jericho Road Project 2,000 -
LivingRoom 2,000 -
Mechanics for Africa 2,000 -
New Bridge 2,000 -
New LifeNyambene 2,000 -
Open DoorColchester 2,000 -
OuseburnFarm Charity 2,000 -
Proton Foundation 2,000 -
SALVE (Support and LoveVia Education International) 2,000 -
Sandcastle Trust 2,000 -
ShelterHousing Advice and Research Project (SHARP) 2,000 -
SouthWest Community Chaplaincy 2,000 -
Triangular 2,000 -
Wingate Special Children's Trust 1,500 2,000
Able Kids, Shoeburyness 1,500 1,500
Ace Life (London Riverside Church) 1,500 1,500
ChurchArmy Greenwich 1,500 1,500
Goodwill and Growth for Africa UK. 1,500 1,500
Salt ofthe Earth 1,500 1,500
Living Hope, Belfast 1,500 1,000
Rosebery Centre 1,500 1,000
Spencer Contact, Northampton 1,500 1,000
Crops 1,500 -
Harbour, Ayrshire 1,500 -
Kisumu Children's Trust, Kenya 1,500 -
Parish Trust 1,500 -
Refugee Roots 1,500 -
Silverlining Charity 1,500 -
Trauma Informed Parenting 1,500 -
African Children's Fund 1,500 -
Branch Out Together (Lothian Autistic Society) 1,500 -
CoactiveArts 1,500 -

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THE ARCHER TRUST

Cribs International 1,500 -
Future of Taru 1,500 -
Hammersley Homes 1,500 -
Hope for Families 1,500 -
Ipswich OpportunityGroup 1,500 -
LIFE Foundation 1,500 -
Northumberland Community Enterprise 1,500 -
Novi Most International 1,500 -
Plasma ofHope 1,500 -
St Christopher's (Holmewood) Family Centre 1,500 -
Trailblazers Mentoring 1,500 -
Watermill Foundation 1,500 -
Westwood 1,500 -
Upbeat Communities 1,000 2,000
Bentilee Volunteers, Stoke-on-Trent 1,000 1,000
Blue Sky Trust 1,000 1,000
Bright Sparks 1,000 1,000
CEAD 1,000 1,000
Datic Trust (Galeed House), Sheffield 1,000 1,000
JacarandaUKFoundation 1,000 1,000
Joy Foundation, Lincolnshire 1,000 1,000
Tees ValleyWomen's Centre 1,000 1,000
Tehila Trust 1,000 1,000
Turbo Ghana 1,000 1,000
Birch 1,000 -
Cued Speech Assoc'n (Nat'l Ctre forCued Speech 1,000 -
Improving Lives, Nottingham 1,000 -
Red Kite 1,000 -
Restored Hope ZambiaUK 1,000 -
St Gabriel's Birmingham 1,000 -
Zambia Orphans AidUK 1,000 -
Adami Project 1,000 -
African ReliefSupport 1,000 -
All Saints Community Projects 1,000 -
Arthritis Support Leicestershire 1,000 -
BagBooks 1,000 -
CF Warriors 1,000 -
Cutting Edge Theatre 1,000 -
Enterprise Youth Education 1,000 -
Freedom Community Project 1,000 -
Freedom to Learn 1,000 -
HandsOn London 1,000 -
Lilian PrimeMS Centre 1,000 -
Mental Health Football inWales 1,000 -
Number Eleven 1,000 -
Oldham Bethel Church 1,000 -
Prince ofPeace Ministry 1,000 -
Project Indi 1,000 -
Shine (East Norfolk) 1,000 -
Shrewsbury Christian Centre Association 1,000 -
Survivors Together 1,000 -
Suvai DeafEastCommunity 1,000 -
TemwaUK 1,000 -
Turnaround 1,000 -
W4YouthClub 1,000 -

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THE ARCHER TRUST

We ReachUK 1,000 -
Without Walls 1,000 -
Music formyMind 0 7,500
Charlene's Project 0 5,000
Every Child Online 0 5,000
Made with Hope 0 5,000
Medic Assist International 0 5,000
Safe Families for Children 0 5,000
Tea LeafTrust 0 5,000
Accomplish Children's Trust 0 4,000
Bumba Foundation 0 4,000
Hope Community Village 0 4,000
Tyneside Outdoors 0 4,000
Makhad Trust 0 3,500
Martin Gallier Project 0 3,500
Adullam Programme 0 3,000
Autism Inclusive 0 3,000
Azalea 0 3,000
Changing Lives Malawi 0 3,000
EP Youth 0 3,000
Gilead, Devon 0 3,000
HoverAid Trust 0 3,000
Kepplewray Trust, Lake District 0 3,000
Kids Konnect 0 3,000
Lay Witness for Christ International 0 3,000
MAD-Aid 0 3,000
Pipal Tree (was ChoraChori) 0 3,000
SOFA project 0 3,000
Wandsworth PrisonWelfare Trust 0 3,000
Youth andCommunity Connexions 0 3,000
All People All Places 0 2,500
Caris Families 0 2,500
EduSpots 0 2,500
Forthe Love ofa Child 0 2,500
Home toWork 0 2,500
Ipswich Community Playbus 0 2,500
Kidogo Kids 0 2,500
Made forMore 0 2,500
Neurokey 0 2,500
Peacemakers 0 2,500
Third Space Bolton 0 2,500
Ascension Community Trust 0 2,000
BassuahLegacy Foundation 0 2,000
Be Kind Movement 0 2,000
BeachyHead ChaplaincyTeam 0 2,000
Brunswick Youth and Community Centre 0 2,000
England Wheelchair Curling Association 0 2,000
Families UnitedNetwork 0 2,000
Friends ofHope 0 2,000
Helping Hands Community Outreach Project 0 2,000
Herts Musical Memories 0 2,000
House ofBread, Stafford 0 2,000
House onthe Corner, Walsall 0 2,000
Lanarkshire Epilepsy 0 2,000
NehemiahProject,Tooting 0 2,000

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Premier|Learning|0|2,000| |Prodigal|Arts|0|2,000| |Reach|Mentoring|0|2,000| |Sequal|Trust|0|2,000| |Siblings|Together|0|2,000| |Supporting|Dalit|Children|0|2,000| |Transform|Burkina|0|2,000| |Zimbabwe|Educational|Trust|0|2,000| |Advantage|Africa|0|1,500| |Alternatives|to|Violence|Project|0|1,500| |Bala|Children's|Centre|0|1,500| |Bentley|Beginnings,|Walsall|0|1,500| |Choir With No Name|0|1,500| |Citywise|Mentoring|0|1,500| |Coventry|Resource|Centre|for the|Blind|0|1,500| |Crossing|Point,|Liverpool|0|1,500| |Family Works|(St|John's|Owlerton)|0|1,500| |Friends|of the|Holy|Land|Institute|for|the|Deaf|0|1,500| |Frozen|Light|0|1,500| |Lily-Jo|Project|0|1,500| |Liquid|Listening|0|1,500| |Magdalen|0|1,500| |Martineau|Gardens|0|1,500| |Pearl|Exchange|0|1,500| |Seed|Sowing|Network|0|1,500| |St|Laurence's|Church|Chorley|0|1,500| |Starfish|Malawi|0|1,500| |Strongbones|Children's|Charitable|Trust|0|1,500| |Tastelife UK|0|1,500| |Trinity Youth|and|Children's|Project|0|1,500| |Waltham|Forest|Blind|Association|0|1,500| |Willowfield|Parish|Community|Association|0|1,500| |Woodwork|to|Wellness|0|1,500| |Afghanistan &|Central|Asia|Association|0|1,000| |Anthony|Seddon|Fund|0|1,000| |Bless|Community|Support|0|1,000| |Blueprint|Training &|Enterprise|0|1,000| |Bright|Sight|Mission|0|1,000| |Buddy's|for|Children|with Autism|0|1,000| |Burghead|Free|Church|0|1,000| |Chapter,|Cheshire|0|1,000| |Church|House|Bridgeton|0|1,000| |Crackerjack's|Children's|Trust|0|1,000| |Create|Bolton|0|1,000| |CROW|Coventry|0|1,000| |Daylight|Centre|Fellowship|0|1,000| |Duchenne|Family|Support|Group|0|1,000| |Get Me|Out|the|Four Walls|0|1,000| |Happy|Days|Ministries|0|1,000| |Heathrow|Special Needs|Centre|0|1,000| |Horden|Centennial|Centre|0|1,000| |Love|for|Life|0|1,000| |Luton|Community|Chaplaincy|0|1,000| |Memories|are|Golden|0|1,000| |Mind|the Gap|Education|0|1,000|

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THE ARCHER TRUST

Re:work 0 1,000
Rescue the Perishing 0 1,000
Signpost 0 1,000
St John's Church Royston 0 1,000
Vulture Club 0 1,000
Water Harvest (was Wells for India) 0 1,000
Westminster Street Pastors 0 1,000
Youth Space 0 1,000
413,750 347,000
Unpresented cheques written back
FRADE (2,500) 2,500
Wren Project (2,000) 2,000
Last year grants under£1000 - 1,500
Total grants made to institutions 409,250 353,000
Governance costs
Auditor’s fee / independent examiner’s fee 2,000 1,500
Administration, bank charges and website costs 478 1,029
Total charitable activities
411,728 355,529

5 Investments

Investments
2025 2024
£ £
Carrying amount at start ofyear 3,500,099 2,537,125
Additions at cost 185,406 1,368,440
Additions— in specie 25 -
Disposal proceeds (244,190) (382,429)
Net gain/(loss) on revaluation (26,621) (23,037)
Carrying amount at end ofyear 3,414,720 3,500,099
Investment assets in the UnitedKingdom 1,824,890 1,081,366
Investment assets outside the United Kingdom 1,589,830 2,418,733
3,414,720. 3,500,099__
Cost at end ofyear 3,441,730 3,507,927
Holdings representing more than5% ofthe total market value were as follows:
RufferCharityAssetsTrustCInc 45.4% 47.1%

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6 Financial instruments

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Carrying|amount|of financial|assets| |Debt|instruments|measured|at|amortised|cost|9,759|30,753| |Instruments|measured|at|fair value through|profit|and|loss|3,414,720|3,500,099| |Carrying|amount|of financial|liabilities| |Measured|at|amortised|cost|4,661|5,510| |Employees| |There|were|no|employees|during|the|year|(2024:|none).| |Movement|in|funds| |Net|movement| |2024|in|funds|2025| |£|£|£| |Unrestricted|income|funds| |General|fund|4,604|(908)|3,697| |Designated|income|funds|3,898,310|(348,771)|3,549,539| |Total|funds|3,902,914|(349,679)|3,553,236| |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|105,820|(411,728)|-|305,000|(908)| |Designated income|funds|(1,827)|(15,323)|(26,621)|(305,000)|(348,771)| |Total funds|103,993.|(427,051)|_—(26,621)|=Cist~«*«32|494,679)|

----- End of picture text -----

7 Employees There were no employees during the year (2024: none).

9 Related party transactions

The legacy income recognised during the year ending April 2025 was 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 (2024: nonce).

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Appendix — this does not form part of the examined accounts

Information on recipients of grants

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21