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2025-06-30-accounts

THE COMPANY OF CHARTERED ARCHITECTS CHARITABLE TRUST FUND

Registered Charity 1202895

ANNUAL REPORT 2024-2025

Page 1 of 17

The Company of Chartered Architects Charitable Trust Fund ANNUAL REPORT – year-end 30[th] JUNE 2025

The Company of Chartered Architects Charitable Trust Fund – ANNUAL REPORT year-end JUNE 2025

Introduction

THE COMPANY OF CHARTERED ARCHITECTS CHARITABLE TRUST FUND is a charitable incorporated organisation (CIO) incorporated in England and Wales registered with charity number 1202895.

Background Information: The Company of Chartered Architects Charitable Trust Fund was established on 7th July 1987 by the Master, Upper Warden and other members of the Court of the Company of Chartered Architects (established in 1984) following approval by the Charity Commission. The Company of Chartered Architects was granted Livery status in September 1988.The Charitable Trust Fund with its Trust Deed dated 7th July 1987 was replaced by the Trust Deed dated 8th December 2016 as a Registered Charity, covered by statute and overseen by the Charity Commission. It was transferred by Trust Deed.

Guidance issued by the Charity Commission on public benefit

The Trustees confirm that in fulfilling their obligations and discharging their duties in respect of The Company of Chartered Architects Charitable Trust Fund they have regard to the guidance issued by the Charity Commission on public benefit.

Structure, governance and management

Structure: The Charitable Trust Fund is governed by its constitution.

The Company of Chartered Architects Charitable Trust Fund is a charitable incorporated organisation (CIO) administered by Trustees who are all volunteers recruited and appointed from the Court. Trustees who administer the charity are independent from the Livery Company as it is a separate legal entity to the Livery Company. Trustees sit on various committees so that they have an overview on what might be needed in terms of awards.

The Trustees report to the Court Meeting of the Worshipful Company of Chartered Architects on a regular basis and the Court is kept advised of the Trustees for the coming year.

Governance: This has now been replaced by the Charitable Incorporated Organisation Constitution of The Company of Chartered Architects Charitable Trust Fund dated 2nd May 2023 as a Registered Charity, covered by statute and overseen by the Charity Commission.

Management: The Trustees are happy to receive suggestions on new causes to support. The Trustees aim to meet once each quarter and at one meeting in the year they meet with their Independent Financial Advisor to review the year and discuss future investment.

The Trustees aim to ensure that risks, finance and funding are regularly reviewed, as well as other issues arising during the course of the year. The trustees are always on hand to deal with urgent issues that might arise.

The Trustees undertake a budget proposal review, where risks and conflicts are identified, highlighted and mitigated where required. The Trustees held a meeting twice in the period of the report. The annual financial review with their financial advisor was held on 14[th] February 2025.

Reference and administrative details

Page 2 of 17

Reference and administrative details (contd).

• Solicitors:
Blandy & Blandy, One Friar Street, Reading, Berkshire RG1 1DA.
• Accountants:
Ruskells, The Tall House, 29a West Street, Marlow, Bucks SL7 2LS.
• Financial Advisors: Perspective (Oxon) Ltd. 1 the Quadrangle, Woodstock, Oxon OX20 1LH.
• Bankers:
C. Hoare & Co. 37 Fleet Street, London EC4P 4DQ.
• Trustees:
Details below:		 • Solicitors:
Blandy & Blandy, One Friar Street, Reading, Berkshire RG1 1DA.
• Accountants:
Ruskells, The Tall House, 29a West Street, Marlow, Bucks SL7 2LS.
• Financial Advisors: Perspective (Oxon) Ltd. 1 the Quadrangle, Woodstock, Oxon OX20 1LH.
• Bankers:
C. Hoare & Co. 37 Fleet Street, London EC4P 4DQ.
• Trustees:
Details below:		 • Solicitors:
Blandy & Blandy, One Friar Street, Reading, Berkshire RG1 1DA.
• Accountants:
Ruskells, The Tall House, 29a West Street, Marlow, Bucks SL7 2LS.
• Financial Advisors: Perspective (Oxon) Ltd. 1 the Quadrangle, Woodstock, Oxon OX20 1LH.
• Bankers:
C. Hoare & Co. 37 Fleet Street, London EC4P 4DQ.
• Trustees:
Details below:
Period: 01 July2024 to 30thJune 2025
NAME
1. David Cole-Adams,Chairman Retired 04 November 2024
2. Ian Head,Chairman. Appointed 11 November 2024
3. Stephen Wagstaffe
4. John Assael
5. Stuart Le Sage
6. Giles Murphy
7. AudreyHesse,Clerk.

Objectives and activities

Page 3 of 17

The Company of Chartered Architects Charitable Trust Fund ANNUAL REPORT – year-end 30[th] JUNE 2025

Achievements and performance

This section contains a summary of the main achievements of the charity. It identifies the difference the charity’s work has made to its beneficiaries and explains wider benefits to society as a whole.

The Charitable Trust provides the following support to The City of London:

The Charitable Trust provides the following support to Schools:

The Charitable Trust provides the following support to architectural students and apprentices:

Page 4 of 17

become an Architect via the Architectural Apprenticeships route. Application Deadline: September. Winners announced: October Award presented by the Lord Mayor at a ceremony at Mansion House the following March.

The Charitable Trust provides the following support to the profession:

Page 5 of 17

The Company of Chartered Architects Charitable Trust Fund ANNUAL REPORT – year-end 30[th] JUNE 2025

Financial review

The Fund, set up in 1987, met its initial target of £1,000,000 at the end of 2023. The Fund needs to grow so that the Trustees can allocate more money each year for disbursement. The objective of the Charitable Trust Fund is to achieve a split of approximately 50% of annual income as the target disbursement budget, 25% Expenses (Consultants fees) and 25% investment to grow the fund.

The budget for each year is made up of donations from members to the Charitable Trust Fund and that from investment dividends. The fund is invested and managed on a day to day basis by Perspectives Capital Management and administered by appointed Trustees.

The total value of the portfolio on 30[th] April 2025 was currently £1,2224,394 which consists of investments to the value of £1,043,696 and cash deposits of £180,698.

There have been no capital withdrawals or new contributions over the last quarter or the last 12 months.

Returns for the current year have now been brought back in recent weeks in view of all the geopolitical and tariff announcements leading to a new period of uncertainty.

If we compare the underlying portfolio value to the valuation compiled in January 2025, then there has been a decrease in capital value of approximately -6.49% over this: relatively short time scale.

If we compare the underlying current value to that of April 2024 then the portfolio has decreased in capital value by approximately -1.25% for the year.

However, the portfolio also continues to provide a healthy additional income stream (circa +2.50%3.00% pa). If we add the generated income to the capital value, then there has actually still been a real increase in value for the overall portfolio of circa +1.93% for the year, being a positive return.

Overall, the portfolio continues to meet its prime objectives, which is to provide a competitive income stream while at the same time looking to achieve long term capital growth.

The portfolio remains globally diversified and is distributed among a number of asset classes to provide 'moderate' investment risk. The overall portfolio contains approximately 60-65% in global equities with the balance in more cautious asset classes.

Approximately 40% of the underlying investment funds within the portfolio have an ethical/socially responsible investment mandate. The balance is invested in broader more main stream investment funds.

Gift Aid

Upon completion of all HMRC registration requirements for the CIO, the Trustees will collate eligible donations, verify donor declarations and prepare a Gift aid claim for submission to HMRC.

Plans for future periods

The Trustees hope to engage and support more Schools of Architecture. This is to increase the contribution and support to the Architectural profession.

The Trustees propose to maintain the investment mix of the previous year.

Page 6 of 17

Figure 1: Investment performance over the past year.

Figure 2: Portfolio positioning for the future.

Page 7 of 17

Trustees’ Annual Report for the period

From 01 July2024 Period start date To 30 June 2025 Period end date

Charity name: THE COMPANY OF CHARTERED ARCHITECTS CHARITABLE TRUST FUND

Charity registration number: 1202895

Objectives and Activities

SORP reference
Summary of the
purposes of the charity
as set out in its
governing document		 Para 1.17 CIO - FOUNDATION Registered 02 May 2023
CIO document section 3. Objects:
3.1 The objects of the CIO are for the public benefit:
3.1.1 The relief of poverty for persons generally and in
particular of those persons engaged in the profession of
architecture and their dependents;
3.1.2 the advancement of the art and science of
architecture, in particular, but not exclusively by:
3.1.2.1 assisting persons engaged or desiring to engage in
the profession of architecture, at any stage of their
education, by providing or contributing towards the
provision of all requisite facilities in connection therewith,
including but not limited to the provision of books, the
payment of fees, the payment of expenses of travelling,
maintenance or by such other means as the charity
trustees may think fit;
3.1.2.2 conducting or supporting charitable research in the
field of the science art and practice of architecture, or
otherwise for the advancement of the education of persons
engaged, or those aspiring to be engaged in the profession
of architecture, including the provision of financial support
and facilities for those engaged in such research and the
award of bursaries and awards in connection therewith
provided that the useful results of such research shall be
shared;
3.1.2.3 to award to persons intending to be engaged in the
profession of generally, scholarships and exhibitions at any
educational establishment approved by the charity
trustees;
3.1.2.4 to make awards in connection with the
examinations of recognised educational bodies; and
3.1.2.5 to promote, support and encourage standards of
excellence, integrity, and ethical practice in conducting the
profession of architecture by making awards in furthering
the advancement of architectural ethics.

Page 8 of 17

3.1.3 to further such other charitable purpose or purposes
according to the laws of England and Wales as the trustees
in their absolute discretion think fit.
Summary of the main
activities in relation to
those purposes for the
public benefit, in
particular, the activities,
projects or services
identified in the
accounts.		 Para 1.17 and
1.19		 • The objects of the CIO are for the public benefit and the
main activities undertaken to further the charity’s purposes
for the public benefit; and
• the relief of poverty for persons generally and in
particular of those persons engaged in the profession of
Architecture and their dependents;.
• the advancement of the art and science of Architecture,
Statement confirming
whether the trustees
have had regard to the
guidance issued by the
Charity Commission on
public benefit		 Para 1.18 The Trustees confirm that in fulfilling their obligations and
discharging their duties in respect of The Company of
Chartered Architects Charitable Trust Fund they have
regard to the guidance issued by the
Charity Commission on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38 N/A
Policy on social investment
including program related
investment		 Para 1.38 N/A
Contribution made by
volunteers		 Para 1.38 N/A
Other N/A

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to the
circumstances of its
beneficiaries and any wider
benefits to society as a whole.		 Para 1.20 The Charitable Trust provides the following
support to The City of London:
•
The Lord Mayor’s Appeal Fund
•
The Sheriffs and Recorders’ Fund
•
The Orpington Sea Cadets - Training
Ship Whirlwind
The Charitable Trust provides the following
support to Schools:
•
The Livery Schools Link
•
The Sir John Soanes Museum
•
The City of London Schools
•
The Lawrence King Award
•
The Royal Academy of Arts AttRAct
Award

Page 9 of 17

SORP reference

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to the
circumstances of its
beneficiaries and any wider
benefits to society as a whole.		 Para 1.20 The Charitable Trust provides the following
support to architectural students and
apprentices:
•
Apprenticeship Awards
•
Social Evenings Beer & Pizza
•
The Peter Luscombe Art Prize
•
The David Hubert Bursary
•
The Patricia Stewart Fund
•
The Assael Award
•
Kingston University
•
Ravensbourne University
•
London Metropolitan University
The Charitable Trust provides the following
support to the profession:
•
The Architects Benevolent Society.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41 See attached report
Performance of fundraising
activities against objectives set		 Para 1.41 See attached report
Investment performance
against objectives		 Para 1.41 See attached report
Other

Financial Review

Financial Review
Review of the charity’s financial
position at the end of the period		 Para 1.21 See attached report
Statement explaining the policy
for holding reserves stating
why they are held		 Para 1.22 N/A
Amount of reserves held Para 1.22 N/A
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the charity
continuing as a going concern		 Para 1.23 N/A

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources
of funds (including any
fundraising)		 Para 1.47 Charitable-giving donations, legacies and
dividends.
Investment policy and
objectives including any social
investment policy adopted		 Para 1.46 See attached report
A description of the principal
risks facing the charity		 Para 1.46 N/A
Other

Page 10 of 17

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 The Charitable Trust Fund with its Trust Deed
dated 7th July 1987 was replaced by the Trust
Deed dated 8th December 2016 as a
Registered Charity, covered by statute and
overseen by the Charity Commission. It was
transferred by Trust Deed.
How is the charity constituted? Para 1.25 This charity is constituted as a CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of any
person or body entitled to
appoint one or more trustees		 Para 1.25 See attached report

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction and
training of trustees		 Para 1.51 See attached report
The charity’s organisational
structure and any wider
network with which the charity
works		 Para 1.51 See attached report
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name The Companyof Chartered Architects Charitable Trust Fund
Other name the charity uses
Registered charity number 1202895
Charity’s principal address Temple Bar, 2 Paternoster Lodge, Paternoster Square, London
EC4M 7DX.

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or
body) entitled to
appoint trustee (ifany)
David Cole-Adams Trustee,
Chairman		 Retired 04 November 2024 Trustees
Windsor Ian Head Trustee,
Chairman		 Appointed 11 November 2024 Trustees
Stephen Wagstaffe Trustee
John Assael Trustee
Stuart Le Sage Trustee
Giles Murphy Trustee
Audrey Hesse Trustee, Clerk

Page 11 of 17

– Corporate trustees names of the directors at the date the report was approved

Director name N/A

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year N/A

Funds held as custodian trustees on behalf of others

Description of the assets held N/A in this capacity

Name and objects of the charity N/A on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of
adviser
Name
Address		 Type of
adviser
Name
Address		 Type of
adviser
Name
Address
N/A
Name of chief executive or names of senior staff members (Optional information)
N/A

N/A

Exemptions from disclosure

Reason for non-disclosure of key personnel details N/A

Other optional information

N/A

Page 12 of 17

O•clar•tlon• 11gn•d b•h•ll ol#b• ¢h•th'• Full nMM(•l rtLS Po•llbgD I•B rt•ry. 29 April 2026 Page 13of 17

The Company olchartered Archltects Charliable trust ljuly 2024 10 30June 2025 In¢ome aDd Expenses Summary Income 1024-25 20Z3-24 Donations Sale of Inwstmerir5 Inves¢meni Income Nore 4 Note 2 Note i 13.840.(KJ 22.218.Zl 3I06B.44 4.760.93 39.575.29 Note 5 Note 5 Other Income &Tèx reclaimed on GiftWd Oonations 204.98 TOTAL INCOME 148.930.58 53.620.27 Expenses Charitable DisbursÈments Eypenses Note 6 Noie 7 32,804.20 14,030.51 27.492.O) 12.008.50 TOTAL EXPEPISE5 46.834.71 39.51￿.50 NET INCOMEIIEXPENSESI 102.095.87 14,119.77 A55et5 And Llabllitse5 StatemeTri 2024-25 1023-24 ASSETS Bank account Note 8 Note 9 Note 11 214.600.75 1.119,935.?0 109.864.B8 1.071,924.79 852.L¥J InvE5tments Debtor5 TOTAL ASSETS 1.334.536.45 1.182,?01.67 LIABILillES Creditors re 8wards Exp. Almonerand Clerk ènd Accountants Note 10 Note 10 2,304.00 1,188. 960.00 TOTAL LIA8ILSTIES 960.00 3,49Z.00 NET ASSETS 1,333.S76.45 1.179.209.67 ValuÈ of Fund at start of yeai Acctual re aw?rd$ A¢cru61 re expBn8es Ac&nJal re Gin Ahd ACCFual ie VlfCCA depo$ A¢crual reWCCA overpayment Nel receiwsllpaymentsl relallng to year InL¥ea$elldecrea$el in value of invtslmenls Value ol Fund al￿ar ono 1,179.209.67 1,079.740.76 2.304.OD 1,188.¢)0 96D.00 852. 107,375.87 47,950.91 1.333.576.45 23.882.77 78,226.14 1.179.209.67 I h•Y •xamkn¢d th• abovo a¢¢¢unls tO9Oth wlth ¥tatomonts and vouchgrs prgson¢od io mo and eenfirm that they glv8 a irue representatlon of the Charftabl• Trust Fund¥ as ai 30 Juno 2¢25 $1gngd by the examlnar ILII IL Sl9ngd pn bghalf of Ihg tVUSt*es Date Pag8 14of 17

The Company of Chartered Architects Charitable Trust 1 July 2024 to 30 June 2025

Notes to the Accounts

2024-25 2023-24
NOTE 1
DIVIDENDS		 32,068.44 39,575.29
COIF
Schroders
M & G Charities
Quilter
New Global Growth
Blackrock
CCLA		 - 1,077.45
6,716.29
2,923.80
15,389.02
2,809.94
2,491.11
1,738.28		 15,558.27
2,442.44
14,164.86
2,757.48
2,417.70
2,257.09
NOTE 2
SALE OF INVESTMENTS		 22,218.21 -
Sale of investments 22,218.21
NOTE 3
PURCHASE OF INVESTMENTS		 - -
NOTE 4
DONATIONS		 89,883.00 13,840.00
Rogers Stirk Harbour
Deposits from WCCA
Huggins Lewis Foskett (Peter Lu
Assael Architecture
N Thomson		 scombe estate) 500.00
18,727.00
64,086.00
6,450.00
120.00		 -
13,720.00
-
-
120.00
NOTE 5
INTEREST & TAX		 4,760.93 204.98
Bank interest 4,760.93 204.98
NOTE 6
AWARDS		 32,804.20 27,492.00
Peter Luscombe Art Prize
Architects Benevolent Society
City Schools Book Tokens
Apprentice Award
Patricia and Alistair Stewart Fun
Kingston University
Sheriff and Recorder
Orpington Sea Cadets
Royal Academy Student attRAct
Lord Mayors Appeal
David Hubert Bursary
The Lawrence King Award
City of London Schools
London Metropolitan University
Ravensbourne University
The Sir John Soames Museum
The Temple Bar Trust
United Guilds Service
The Master's Donation
Assael Architecture Awards		 d

 1,800.00
1,500.00
-
500.00
4,290.00
2,000.00
1,000.00
1,250.00
1,750.00
1,500.00
8,000.00
450.00
700.00
1,000.00
1,000.00
1,500.00
364.20
200.00
1,000.00
3,000.00
1,800.00
1,000.00
100.00
2,000.00
6,320.00
500.00
1,000.00
1,250.00
1,750.00
1,500.00
10,272.00
-
-
-
-
-
-
-
-
NOTE 7
EXPENSES		 14,030.51 12,008.50
Almoner's Expenses
Accountants review
Consultants fees - Perspective O
Consultants fees - Blandy & Blan
London stock exchange
Printing
Assael Architecture refund
Bank charges		 xon Ltd
dy		 228.00
960.00
10,903.41
972.00
294.00
82.60
150.00
440.50
228.00
960.00
9,946.00
840.00
-
-
-
34.50
NOTE 8
BANK ACCOUNT
Opening Balance per statement
Less cheques outstanding from
Plus receipts outstanding from
Book Balance (start of Year)
Receipts
Payments
Closing Bank Balance 30 June		 1 July
previous year
previous year		 109,864.88
852.00
3,492.00
112,504.88
148,930.58
46,834.71		 103267.78
11,126.79
3,604.12
95,745.11
53,620.27
36,968.50
214,600.75 109,864.88
NOTE 9
Investments by Perspective (Oxon)		 1,119,935.70 1,071,984.79
Black Rock ML Fund
CCLA COIF Investment Fund - Charities
CCLA COIF Investment Fund -Fixed inte
Quilter (formerly Old Mutual)
M & G Common Investment Fu
Schroder Charity Equity Fund -F
Schroder Common Investment Fund -
BNY Mellon (formerly Newton G		 Property Fund
rest fund
nd - Charifund
ixed Int A
multi asset
lobal)		 77,204.18
35,770.19
14,263.07
648,884.22
32,081.62
95,452.01
81,225.91
135,054.50		 74,216.80
34,845.72
13,872.27
608,837.08
53,960.65
85,047.62
75,977.26
125,227.39
NOTE 10
CREDITORS		 960.00 3,492.00
Peter Luscombe Art Prize
Almoner's Expenses
Accountants
Kingston University
Bank charges		 0.00
0.00
960.00
0.00
0.00
1,800.00
228.00
960.00
500.00
4
NOTE 11 DEBTORS - 852.00
Deposits from WCCA 0.00
852.00

Page 15 of 17

CHARITY COMMISSION FOR ENGLANO AND WALES Independent examiner's report on the accounts Section A Independent Examiners Rèport Report to the trustees Company of Chartered A￿liteCts Charitable Trust Fund On accounls for the year ended 30 JUNE 2025 Charity no lif any) 1202895 Set out on pages (l4￿mber to inclLhJe Ihe page TrUTnbers ol addilio.ial S j￿e'S1 I report to Ihe trustees on my examination of the accounts of the above charity (Ihe Trusf) for the year ended D 106 12,, Re$pon8ibllltles and bas18 of report As the charivs trustees, you are responsible for the preparation of the accounts in accordan* with the requirements of the Charities A￿ 2011 1.the Act.). I report in respecl of my examination of the Trust'$ accounts carried out under section 145 of ihe 2011 Act and in carrying out my examination, I have followed all the aP￿Icable Directions given by the Charity Commigsion under section 14515llbl of the Act. Independent I have completed my examination. I confinn that no material matters have examinarf8 8tstement come lo my attention in connection with the examination (other than that disclosed below ') which gives me cause to believe that in, any material respect.. the accounling records were not kepl in accordance with section 130 of the Charf(ies Act: or the accounts did not accord with the a¢¢ounling records., or the accounts did not comply with the applicable requirements cone£ming the fom and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Iwe and fair, view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection th the examination to whi¢h attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. ' Ple8se delete the words in the brackgts if they do not apply. Slgned: Date: J 2016 Name: DIANE RUSKELL Relevont professional qualificatlon{sl or body {if any): ICAEW Address: THE TALL HOUSE. 29A WEST STREET MARLOW, BUCKS, SL7 2LS IER Oct 2018 Page 16of 17

Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any items that the examinerwishes to disclose. IER Oct 2018 Pag8 17of 17