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← The Archie Lloyd Charitable Foundation

2024-04-05-accounts

Charity number: 1167671

THE ARCHIE LLOYD CHARITABLE FOUNDATION

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

THE ARCHIE LLOYD CHARITABLE FOUNDATION

CONTENTS

Page
Reference and administrative details ofthe charity, its trustees and advisers 1
Trustees’ report 2-5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notestothefinancialstatements 9-14

THE ARCHIE LLOYD CHARITABLE FOUNDATION

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2024

Trustees

James Selwyn Lloyd Mrs Claire Fiona Lloyd Ross Wyndham Badger Hector George Selwyn Lloyd Hugo Magnus Hawthorn Lloyd

Charity registered number

1167671

Principal office

Fittleton House, Fittleton, Salisbury, Wiltshire, SP4 9QA

Accountants

Hillier Hopkins LLP, 45 Pall Mall, St James's, London, SW1Y 5JG

Independent examiner

Peter G Hakim, 39 Borrer Drive, Henfield, West Sussex, BN5 9FQ

Page 1

THE ARCHIE LLOYD CHARITABLE FOUNDATION

TRUSTEES' REPORT FOR THE YEAR ENDED5 APRIL 2024

The Trustees present their annual report together with the financial statements of the charity for the 6 April 2023 to 5 April 2024.

Objectives and Activities

a. Policies and objectives

b. Activities for achieving objectives

The aim of the Archie Lloyd Charitable Foundation (teamArchie) is to enable young people to make the most of their passions and talents in circumstances where their background or lack of support might be a barrier to pursuing their vocationin life.

We work, often with partner charities or other organisations, to recognise talent and perseverance and match it with programmes of funding, training, and mentoring, usually in sport, adventure, or the arts. The exact nature of the programme is less important than the lasting impact we and the young person believe it will have on them.

We look for young people who are not only committed and gifted but who also have the potential to inspire and motivate other young people from backgrounds underrepresented in their chosen field.

Achievements and performance

a. Review of activities

In trusting a few young people with life changing opportunities, we believe our impact is counted not just in the small number of individuals to whom we offer a helping hand but in the inspirational, motivational impact those young people go on to have on their peers and communities.

teamArchie raises money through donations from individuals and trusts, dividends on investments, fundraising social events, and through challenges carried out by individuals in Archie’s name.

Page 2

THE ARCHIE LLOYD CHARITABLE FOUNDATION

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED5 APRIL 2024

In 2023-24 we raised over £60,000. We are particularly grateful to the following for the challenges they have completed this year - George Romain (Porto Marathon), Henry Hamilton (Portugal Ironman) and Alex Temple (Paris Marathon) — and to the friends and family who have supported them, and us, in their endeavours. We would like to thank the following trusts and foundations for their support this year:

The Albert Van den Bergh Charitable Trust

The Bernard Sunley Foundation

The Caram Trust

The Elaine and Angus Lloyd Charitable Trust

The Payne-Gallwey Foundation

The Saints and Sinners Trust

and all those who supported our Garden Tour, Christmas Concert and Apres Ski evening.

During the past year we donated £59,370 to the following projects:

The Alsama Project.

Alsama works to support and educate young refugees in camps in Lebanon. One of their unique projects is teaching cricket. The game provides a respite from the cramped conditions of the camps and fosters confidence, co-operation and team building. They are also quite skilful and hope soon to emulate the success of Afghanistan as a cricketing nation.

With the help of Youth Sport Trust International, teamArchie recruited and trained 2 young cricket coaches (Solomon and Willa) who travelled to Beirut in September to help local Alsama staff deliver the cricket programme, provide inspiration to their players, and develop their own coaching skills. Sadly, following the Hamas attack and Israeli action in Gaza it became unsafe for Solomon and Willa to remain in Lebanon so they returned home early. Solomon has since returned to Beirut supported by Alsama.

Clipper.

The second recipient of our Clipper Round the World Yacht Race bursary set sail for South America in September after 3 months of training. Alfie learned to sail on the Thames with the Ahoy Charity in Deptford and went on to take up an apprenticeship with them after he left school at 16 with 1 GCSE. On arrival in Punte del Este he visited local schools to talk to children there about his experiences and since his return to London has been an incredible inspiration for the children he, in turn, is now teaching to sail on the Thames.

First Story.

In July the trustees visited the First Story Summer Residential at Lumb Bank — Ted Hughes former home in Yorkshire and now an Arvon Centre. teamArchie supports 16 young people to spend a week away from home developing their creativity and confidence alongside their peers and professional writers. As a participant said, “I most enjoyed the free space and time we had to write. At the Residential, you get the sense of the nature all around you and you have peace of mind. It's like a free liberal space, you're not constricted.”

Page 3

THE ARCHIE LLOYD CHARITABLE FOUNDATION

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 5 APRIL 2024

Greenhouse Sports. , This was our final year supporting the Primary Committed table tennis programme at Greenhouse. The programme provides after school coaching and support to pupils in one of the most deprived areas of London. The programme has achieved significant results in improving the school attainment levels and confidence of the children and has also produced national schools champions and 2 players who are currently representing England in their age group. Some of the young people we first supported through the primary committed programme are leaving school and developing careers as coaches and professional players. We are therefore delighted to now be able to support their growth as young people and as players through the Performance Plus Group at Greenhouse. The project will fund level 1 coaching courses and support to get to tournaments across the country.

Seenaryo.

Similarly with Seenaryo, the charity and the children we supported in their infancies are now growing up. This was our second year supporting Seenaryo’s Youth Theatre Development Programme in Jordan. In the first year of the programme the young trainees (most of whom came through the Showbuild projects teamArchie first supported) worked on developing their own theatre skills creating and performing studio pieces in Rusaifeh and to large audiences in Amman. Since January they have completed their Level 1 Theatre Leadership Training and are now working as facilitators themselves on the Showbuilds with younger children.

Snow Camp.

For the second year we have supported a snowsports industry apprenticeship with Snow Camp. The year long programme offers young people, who have been introduced to skiing and snowboarding through Snow Camp’s youthwork, placements and training from dry slope management to alpine resort working. Our apprentice Robyn particularly enjoyed her placement, and gaining qualifications, with Disability Snow Sports UK. After a school life disrupted by illness in her family, homelessness and mental health issues, she is looking forward to a career supporting and instructing disabled skiiers.

Thriving Through Venture.

TTV is a charity local to the trustees in Wiltshire. It's Communities and Identities project builds confidence and resilience in young people who are marginalised in mainstream education. The culmination of the project is an exchange programme with young people in the Gambia designed to enhance the young peoples’ understanding of their place in the world and the challenges faced by their peers. teamArchie provided funds to support 2 members of the exchange programme during the trip to Gambia.

For further information on teamArchie and our projects please visit www.teamarchie.org

Financial review

a. Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Page 4

THE ARCHIE LLOYD CHARITABLE FOUNDATION

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 5 APRIL 2024

Structure, governance and management

a. Constitution

The charity was incorporated on 15 June 2016 and commenced trading on that date.

b. Method of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

c. Principal activities

The Archie Lloyd Charitable Foundation, known as ‘teamArchie’ aims to award scholarships targeted at those who have not had the opportunities afforded to them through their education and personal circumstances. These young people will be mentored and assisted through a programme of further education, for example through coaching qualifications and travel.

Trustees’ responsibilities statement

The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales 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 of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and Thisother reportirregularities. was approved by the Trustees, on Ghofry and signed on their behalf by:

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James syd
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Page 5

THE ARCHIE LLOYD CHARITABLE FOUNDATION Oeead — INDEPENDENT EXAMINER'S REPORT ss FOR THE YEAR ENDED 5 APRIL 2024

Independent Examiner's Report to the Trustees of The Archie Lloyd Charitable Foundation (the 'charity')

| report to the charity Trustees on my examination of the accounts of the charity for the year ended 5 April 2024.

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. My work has been undertaken so that | might state to the charity's Trustees those matters | am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

Responsibilities and Basis of Report

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act). .

| report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the-2011 Act.

Independent Examiner's Statement

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

| understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

| have completed my examination. | can confirm that no 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 charity as required by section 130 of the 2011 Act; or

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

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

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| have no concerns and have come across no other matters in connection with the examination to which
tion should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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Signed: Dated: ln a - 2 +
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Peter G Hakim

Page 6

THE ARCHIE LLOYD CHARITABLE FOUNDATION

ee

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income and Expenditure Account) FOR THE YEAR ENDED 5 APRIL 2024

Unrestricted Total Total
funds funds funds
2024 2024 2023
Note £ £ £
Income from:
Donations and legacies 2 24,384 24,384 54,570
Other trading activities 3 36,101 36,101 36,185
Investments 4 4,547 4,547 3,825
Other income 599 599 277
Total income 65,631 65,631 94,857
Expenditure on:
Raising funds 1,321 1,321 2,206
Charitable activities 5,6,7 101,329 101,329 121,699
Total expenditure 102,650 102,650 123,905
Net Income before investment losses (37,019) (37,019) (29,048)
Net losses on investments (7,508) (7,508) (5,407)
Net expenditure before other recognised gains and
losses (44,527) (44,527) (34,455)
Gains/(losses) on revaluations offixed assets 20,109 20,109 (8,975)
Net movement in funds (24,418) (24,418) (43,430)
Reconciliation offunds:
Total funds brought forward 282,496 282,496 325,926
258,078 258,078 282,496
Totalfundscarriedforward ee

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 9 to 14 form part of these financial statements.

Page 7

THE ARCHIE LLOYD CHARITABLE FOUNDATION

BALANCE SHEET AS AT 5 APRIL 2024

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2024 2023
Note £ £ £ £
Fixed assets
Investments 10 191,525 174,671
Current assets
Cash at bank and in hand 70,063 110,965
Creditors: amounts falling due within one
year 11 (3,510) (3,140)
Net current assets 66,553 107,825
Net assets 258,078 282,496
Charity Funds
Unrestricted funds 12 258,078 282,496
Total funds 258,078 282,496
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The financial statements were approved by the Trustees on [. \yae)} and signed on their behalf, by: <__-JamesStoydLhe

The notes on pages 9 to 14 form part of these financial statements.

Page 8

THE ARCHIE LLOYD CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

1. Accounting Policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared to give a ‘true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to 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 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.

The Archie Lloyd Charitable Foundation constitutes a public benefit entity as defined by FRS 102.

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

Page 9

THE ARCHIE LLOYD CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2024

1. Accounting Policies (continued)

1.4 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading ‘Gains/(losses) on investments’ in the Statement offinancial activities.

1.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.7 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.8 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.9 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Page 10

THE ARCHIE LLOYD CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2024

2. Income from donations and legacies

2. Income from donations and legacies
Unrestricted Total Total
funds funds funds
2024 2024 2023
£ £ £
Donations 24,384 24,384 54,570
Total 2023 54,570 54,570
3. Fundraising income
Unrestricted Total Total
funds funds funds
2024 2024 2023
£ £ £
Fundraising 36,101 36,101 36,185
Total 2023 36,185 36,185
4. Investment income
Unrestricted Total Total
funds funds funds
2024 2024 2023
£ £ £
Investment income 4,547 4,547 3,825
Total 2023 3,825 3,825
5. Analysis ofgrants
Grants to
Institutions Total Total
2024 2024 2023
£ £ £
Scholarships 58,370 58,370 94,911
Total2023 94,911 94,911

Page 11

THE ARCHIE LLOYD CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

6. Direct costs

Activities Total
2024		 Total
2023
£ £ £
Fundraising
Awards
Marketing		 10,653
3,160
2,532		 10,653
3,160
2,532		 -
-
2,426
16,345 16,345 2,426
Total 2023 2,426 2,426
Governance costs
Unrestricted Total Total
funds funds funds
2024 2024 2023
£ £ £
Accountancy fees 2,760 2,760 2,880
Governance Auditors' non audit costs 750 750 500
Consultancy fees 21,346 21,346 19,425
Bank charges 60 60 77
Insurance 532 532 480
Office Administration 950 950 673
Subscriptions 216 216 327
26,614 26,614 24,362
  1. Governance costs

8. Net income/(expenditure)

During the year, no Trustees received any remuneration (2023 - £NIL). During the year, no Trustees received any benefits in kind (2023 - ENIL). During the year, no Trustees received any reimbursement of expenses (2023 - ENIL).

9. Auditors’ remuneration

The Independent Examiner's remuneration amounts to an Independent Examination fee of £750 (2023: £500) and Accountancy fees of £2,760 (2023: £2,880)

Page 12

THE ARCHIE LLOYD CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

10. Fixed asset investments

Listed
securities
£
Market value
At 6 April 2023 174,671
Additions 56,583
Disposals (39,729)
At5 April 2024 191,525
Investments at market value comprise:
2024 2023
£ £
Listed investments 191,525 174,671
All the fixed asset investments are held in the UK
11. Creditors: Amounts falling due within one year
2024 2023
£ £
Accruals and deferred income 3,510 3,140
12. Statement offunds
Statement offunds - current year
Balance at Gains/ Balance at
6 April 2023 Income Expenditure (Losses) 5 April 2024
£ £ £ £ £
Unrestricted funds
General Funds - all funds 430,385 - - 12,601 442,986
Other General funds (147,889) 65,631 (102,650) - (184,908)
282,496 65,631 (102,650) 12,601 258,078
Statement offunds - prioryear
Balance at Gains/ Balance at 5
6April2022 Income Expenditure (Losses) April2023
£ £ £ £ £
GeneralFunds-allfunds 444,767 - - (14,382) 430,385

Page 13

THE ARCHIE LLOYD CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

12. Statement of funds (continued)

Total of funds 444,767

Page 14