REGISTERED CHARITY NUMBER.. SC010583 Report of the Trustees and Financial Statements for the Year Ended 31 January 2025 for The John M Archer Charitable Trust
The John M Archer Ch#ritabl¢ Trust Contents of th* Fiogncl#l StatemeTht$ for the Year Ended 31 Jonuary 2025 Page Report of the 'frustees I to2 Trnstees Responsibilities Independent Examiner's Report Statement ot" Financial ActivitÈes Balance Sheet Notes to the Financial Statements 710 10
The John Arehtr Chgritablt Trust Report of the Trustees for the I'tgr Ended 31 2025 The truste¢s present their report with the fInancial statements of the charity for the year ended 31 January 2025. The financial statements have been prepaTed in accordance with the accounting policie5 Set out on pages 7 and comply wilh the Charities and I'rustee Investment (Scotland) Act 2005, the C.haTltie5 Accounts ISc4)Iland) Regulations 2006 (as asnendtd} and Accounting and Reporting by Charities.. Siatement of Recommended Pra¢ti¢e applicable to cliarities preparing their accounts In a¢cordan¢e with the Financial Reporting Standard IFRS102) applicable in the UK and Republi¢ of Ireland published. OBJECTIVES AND AC.TIVITIES The Trust Funds arc l)eld for the follow'ing purpose5 as set out in the Trust Deed.. The continuing of the bentvolence of the late John M Archer, Commander of the British Empire. Bachelor of Commei'ce. by donaiion of such sums as the Trustees sliall deem desirable ro local. national and international oi¥ani5ation5 of a charirable nature and in particular but without pr¢judice to tlie foregoing 8¢neraliiv to those engaged in work devoted to.. {il the prevention or relief of human 8uff¢ring wherever situated (lil the w¢lfare of th¢ si¢k, distressed or afflE¢ted wherever the needexists (jÈil the alleviation of want amongst people of all a8e5 of all races and of all religious beliefs (iv) th¢ advancement tsf edu¢ation lyl the advancement of relÈgious or missionary work {vil the advancement of medical or scientifjt research and discovery and {viil the preservation of Scottish her¥ta8e and the advancement of associated cultural activities. Also, foi the relief of poverty, want or hardship not Only amongst part5¢ular classes in the cgmmuThity but also in individual circumstances whtch app¢ar to the Trustee5 ill their 501e discretion to be individually deserving. The Trustees Teview all applications for donations received, Approximately 26 donations are mad¢ annually, A numb¢r of other donations are made each y'ear dependin8 on circumstanLes. FINANCIAL REVIEW During the period charitable donations totaltng £103,JOO {2024.. £93,800) were made. Included among the donAtions during the period were £6,000 to Prostate S¢oiland, £6,000 to St Columba'5 H05Ptce, £6,000 to the Multiple Sclerosis Society. £6,000 io KRUK.. Kidney Research UK, £6,000 to Livetyool & Broadgr¢en UH NHS.. Macular De8eneration, £6,000 to Versu$ Arthritis - Arthrili5 Care. £6.000 to Meningitis R¢search Foundation, £6.000 to Motor Neurone Disease Res¢ar¢h {Euan MacDonaldl, £ I 1.000 to The Trussell Trust. Edinburgh NE Foodbank, £5,000 to the Salvation Arniy, £6.000 to Mary's Meals International, £6,000 io Earl Haig Fund {S¢otland), £6,000 to Alzheimers UK. £5.000 to the Birsay Heritage Trust, £4,000 to Myeloma UK and £5,000 tg the Orkney Natural Hisrory Society. No orher donations exceeded £2.000. Durin8 the yrdOnatiOnS were re¢eived of a Share portfolio of £150,05212024.. £100,072) from GÈlbert ATcher and £10,000 (2024.. £10.000) was received from Tods of Orktiey. Thr Shares hav¢ been incorpordted in the Ros$ie House tx)rtfolio and the ¢Mher don&titsn has been credited in full to the Charifund. Income from invested funds amourated to £104,03812024.. £95,293), made up of M&G £86,175 (2024.. £80,703} an£f Rossie House £17,771 {?024.- £14,491}, plus interest of £92 (2024.. £991. After payment ot. £103,300 charitable donations (2024.. £93,800). and £4,586 expense512024.. £3,806} and gains on invesiments Of £193,297 (20?4.. loss¢s on investments £119,889) there was a 5UTplus of £349,50112024.' syrplus tsf £995} which ha5 been trdnsferred to the General and Distribution Accounts. Following this trensfer the Distributiort Account had a balance of £S.376 12024.. £ 5.958}. Page I
The ArLlx¢r Charilablt Trust
Report ofthe Trustee$
for the l'ear ETrded JI JalluAry 2025
Investment policy and objectives
The Trust's investment policy is to invesi in Char2fund. a UK quoted investmelli fund for Lharities and a sh
pJrtfolio Iiianaged by Rvssie H()115e Ii)v¥bliyJ
Tlte John M Aber TJit$t Report of the TrnJt¢¢s For the Yur Ended 31 J4m8ry 2023 Tru$tttg' R¢¥pon4bTllti¢s in Rel¥tion lo the FI4cl¥l Stt¢eNts The charity trustees are responsible for preparing a trustee5' atknua] report and financial statem¢nts tn a¢¢ordan¢¢ with plicable law Unil¢d KingdoTn AGGouMing stadd5 (URTted Kingdollj Generalty Accepted Accauniin8 PractEce). The law appliGable lo chltie$ Scotland reqLTrire5 the charity trustw to pr¢par¢ fllian¢ial statsm¢nts rach finaftckal year wbich show a true 8nd fair view of the 8tat¢ of affairs of th¢ ¢harity, 4nd of th¢ iAcomÈng r¢souTGes and applicatton of resources of the charity for that p¢riod. In pwin8 th¢ fItle18& SlAtsmen the trusth¢s art rryuifvj sele¢t sunable aceountin81)olieie$ and ihen apply the]n consisttntly,. . ob5¢tVE thE method and principles in the appliLthle Chafitics SORP: . makcjud8mcnts and tstimates that arc r¢asonabk prudcnt. . state whether applithle 8e(x)unting st8nd2rd$ al stet¢ments of recommeAdd prartir£ have b¢en followed, ubj¢ct to any deparLures dis¢losed 3nd ¢xplain¢d in the financial stst¢m¢nts.' ' prepare the financi statements on the going concern basis unless rt is inappropriate to pSErje thatthe chATity will continue Tn operational existtnce. The trust¢e$ ar¢ r¢sponsible for keeping proper a¢¢ouniing reo)rds whi¢h dis¢lose with reasonable aecur8¢y at any time the firèancial position of the charity 2nd to enable them to ensure that the fin¢la1 statements comply with the Char¥ti&4 and I rustee InvestmenÉ (Scotland) Act 2005 2nd ihe charit.ies AccOnts (gcotland) Regulations 2006 (a5 n£ded). They are also responsible for ¢aking rea50nabl¢ st5 for the PT¢vention detection of fraud and oth¢r irrc8ul8rTties. Th¢ ar¢ Tesponsible forthe mAintonanre and integrity of th¢ ¢harity and fioan¢ir41 infonnation on th¢ ¢harÉty'$ websir¢. Legiylattort in the Ut2ited Kiti8dom governing theprepargtion di&semiJwtion of $ementS may differ from legislation in other Jurisdictions. roved b QlTder lif the board of Itustee% nn 01-<Y4-2oSand sismed on its behalf by.. Pa8¢ 3
lttd¢pendent Examiner'5 Report to the TrStee5 of The John M Ar¢her C.h8rit4ble Trust SCI)10483 I report the a¢counl% for ihr year ended 31 January 2025 set OLII on page$ 5 to 10. Respective responsibllitie$ of trustees and examlner Tl)e chArity s Iruittes ale iesp(Insible fLir Il)¢ preparatioll lif Ihe aLiuiuits in accordance with Ihe ienns of che Charities and Trustee Investment (S¢uilaJid) ALt 2005 aiid th¢ c.harities Accouixi& ISLoilaiidi Rtr¥ulaiions 2006. The cliariiy'5 tru5t¢e$ constder tliat the avdit requiremeni of Regulation 10{ I l(a) lo (c) uf the AL¢ounts Regulations doe$ not appl% Ii 1$ my responsibility to examiiic thc aLcoiinis as r¢(7uir¢d under Section 44( IKC) of the ALt and to stale wheth¢i' particular matter5 have come to my atientioTh. Bgsis of the independent ex2minerf$ YÈport exaniination w2s ¢ar¥ied oiit in 2¢cordance with Regulatiot3 1 E of th¢ Choriiies Accounts (Scotland) Regulations ?006. An examination includes a review of the a¢counring records kept by thL charity and a eompurison of the aCcontS presented with those records It also includes consideratÉon of }Y unusual items or disclosures iii the ac¢ouiils and seeks explanations from you as tl115tees conLernin(F any such matters. The predureS undertaken do not provide all the evidence that would be required in an audit, and consequei)tly do nor express audit opinion oil tlie yiew given by the accounts. Ind¢p¢nd¢nt examiner'5 S¢tellIeI In connection with my ¢x4minatioTL no matter h&% come to my att¢ntion'. 111 wthich giv¢5 me reasonable cause to believ¢ tha( in an). material respect. the requirements <• to keep &ccoiinting records sn 2¢¢0rdat]ee with Secrion 4411 l{al ot the ?005 Act and Regularion 4 of tlie 2000 AccouiitE Regulotions: and + to prepare accounis which accord M'itli th¢ 8c¢tsI]nting records and to comply with Regulaiion 8 of tlie 2006 A¢¢ow)ts Regulaiions have not be£n met,. or to whirh, in my opinion. attention sho%Jld b¢ dnwn in order to enabl¢ a proper understanding of the accounts to b¢ rea¢bed. 12) CC4)uniJn8 3 Melville C.re5cent EDtNBURGH EH3 7HW mit Li141, Page 4
The John M Archtr Chxrltsblt Trust StaterntTrt of Financial .4ctivities for the ¥eai' Ended 31 January 2025 2025 2024 Unre.%tricied fi]nds Totsl funds Notes INCOME AND ENDOWMENTS FROM DonatiL)ns and legiibies 160,052 123.197 Investm¢rtt income Total 264.090 218.490 EXPENDITURE ON RAISIg futtth- investment ma]]agement fees 3,266 2.606 Charitible actÉvitie8 Donaltons Governance ¢osts 103.300 93,800 Tot*1 Exptnditure 107,886 97,606 Net Tedi5ed gains l {losse51 on investm¢nts 24,485 11,482 Net unreati5ed (108ses) / gains on inwesiments NET {EXPENDITUREy INCOME 349.501 995 RECONCILIATION OF FUNDS Tot•l fvud$ brought forward ,898,318 1,897.323 TOTAL FUNDS CARIUED FORWARD CONTINUINC OPERATIONS All income and expendirure has arisen fJt)m ¢ontinuing activities. P&8e 5 The notes fom) part ot Ih¢se tinantylal staten)ents
The Joh M Arch¢r Ch#Titable Trust Bglgntt Sheet Ai 31 Jgllu4ry ZD25 2025 2024 Unroqtri¢Éed Total fund$ FIXED ASSETS lttvcgtm¢nts 2239.572 1,886,409 CIIRRENT ASSETS L'ash &t battk 9,567 13,109 CREDITORS Amounts fallin8 thje wsthin one year {1320) 11,200) NET CURRENf ASSETS 47 TOTAL ASSETS LESS CUBREprr LIABILITIES 2247.819 1,898,318 NEI. ASSETS 47 L9 FUNDS Uttrcstrtctcd funds 2.247,819 1,898,318 TOTAL FUNDS 1247,819 1 898318 Tht fIntIal 5t8tements w¢r¢ approNoJ by th¢ Board of Tntst¢es on behalf bv. w¢r¢ s18D0n its The notes ftym part of thesL' tinanLidl %ldtvmertL
The John M Archer Charitable Tru5¢ Not to the Fin&ncial Statements for the Year Ended 31 January 2025 AC'COIJYTING POLICIES Basis of preparing the fin4nti41 $t¥tements The finattcial SlalLilirItS tsl'ihe iharity, Ivhich is public b¢errt ¢niiiy under FRS 102, have been PTcparcd in aLC()ithi¢ with the C.hariiits SORP IFItS 1021 'AL¥OIlZJting artd Keporting by Charities.. Stat¢m¢nt lif Recomrn¢nded Practice ppli¥able io LkJrilies prep&ring their 4¥countS An accordanc¢ i¥ith ihi Financial Reporttng Sitndard appliLable in the IIK aiid Republic of Ireland {FRS 10?),. FinanLial Repotting Standard 102 1.he Financial Reponing Stsndard aiiplsiable in th¢ UK Republie of ireland. tIiL Cbariiies aiid Twstee Investment I%LOtl&d) ALI 201)5. The financi31 state121ent% hav¢ b¢¢n prepared under the hisioriel cos1 COI)veT¥tILln Th'ith the cxc4?tion i?f inv¢slm¢nts which are Includ ¥Jt markd valuv. ds modified by the revaludim ot Cer1 assers. Financial reportlng 5tandrrt 102- reduced dlstlosure exempdons The ilk&rily taken 'd¥""antuge of th¢ following disclosurc ¢xeJiJption in prepartng these financial SttIILtnciits. pemxiited by FRS 102 The Fiijancial R¢portin8 Stsndard appliL&ble ii) the LIK and Republit uf Ireland.: the r¢quiT¢m¢nts ot Seetion 7 Statement of C.asl) Flow5. Going c0cern The trust¢¢s ¢onsid¢r that there are no material uncertainties about the ¢harity'$ ability to ¢ontinu¢ as a otng concern. Inconie All income is recogni5¢d iji the Ststeinent ol'Financial ALtivitle5 once the chai'ity has ¢ntlLleirenl lo the fund5, It is probable Ihat ihe incomc will be r¢ceived, dttd the aifjount Lan be rneasured r¢liably. Expenditure L]blitI¥$ re¢vgiiis¢d as txpeJiLliture %£N)n as there is 2 legal i)T LuiisiiuLliv¢ obligation cominiiiing th¢ Lharity lo Iliat expenditiire. it is probable th41 a Ir4thsftT vl-eLollviniL benefits ivill be reciuired in ¢}11¢1?1erI1 d the lOUnt ofih¢ nbligatJ()n cali be measured reliably. Expenditure is a¢ciiiiiited tL)r oil ati accruals basis and has been classiticd under headings il)at aggegit le ¢111 cost related to th¢ ¢aicgoo'. li.'hcrL ci)sl$ caiinoi be dirtttly attFibiited to particular headings. they have be¢n allocal¢d to activities on u basis cottsigtejit with the se ot-res(¥urces. Granis oftered subjeci fo condiiions which have tjot b¢eTr met at th¢ >¢ar end date ar¢ t)oted as a commitme#t but not acci.u as expenditure. Tax&tion Th¢ ¢hariry is exempi from tux ort its ch2rit&ble adivitics. Fund *¢¢ountlng lJnrestri¢t¢d funds ian be used iii accordantt with the charitable abj¢¢riv¢s at the discretion of the injstees. Restricted funds can only b¢ us¢il t-or partieular resiricied purposes wiiliin Ihe vbjet15 of the iliaTirrf. Resiriciions aiisc whctt 5PLClticd by thc donor OT when funds arL raised tor particular restriLied purposes. Further explanation i)f the n&iure and purp)se of e&ch futid is irtcluded in th¢ notes to th¢ fuLancial staietnents.. Page 7
The John M Archer Charitahle Trust iyotts to the FinxnriRI.¥tAlement$- coiitinued for the I'esr Ended 31 JHnuary 2025 DONATIONS AND LEGACIES 2025 2024 Don108 and )SSlated gif¢ {]) Donations in fonn of share portfolio (li) Total donations 10,000 23,125 160052 123 197 The Trust rece*ved adonation of £IO,00012024= £10,000)from TIMJS of Orkney l.Id, whi¢h has be¢n credited io the general fund. Two of the Trusiees of ihe'fTUSt are Directors of Tods of Orkney Lid. Donations totIllg £nil12024.. £10.5001 werc received from Trustees plus £nil12024.' £2.625} gift aid was $0 ctived and credited to the general fund. The Trust received a donation of £150,05212024.. £100.0721 from a Twsiee by traEJ5fer of Shares managed by Rossi¢ House Invesimeni Management. INVESTMENT IYCOME 2025 2024 Charifund inveshneni incom¢ R05sie House martag¢d portfolio divideod in¢orEte Bk inreresr 86,175 17,771 92 80.703 14,491 GRANTS PAYABLE 2025 2024 Donalions Granis to in.%titutions are analysed as follows.. Anntsai A Annual B Annu31 C Grants Special 6,IM)O 4,000 1,500 3(X) 70,(KiO 300 72.000 TRUSTEES, REMUNERATION AND BEtYEFITS There were no trustee5' rernuneration or other benefits for the year ended 31 January 2025 nor for the PTior year. Trustees expen5e5 There were no misiees, expenses paid for the year ended 31 January 2025 nor for piior yeai. Page 8
The John im ArLheY ChAritable Trust Yoie5 to the Finanti¥l.Stattments continued for the Year End¢d 31 J#nugry 20?5 FIXED ASSE"r INVESTMENTS Ltst¢d Investments 2025 Listed Investments 2024 MARKF.T VALUE At l February Additions DE5P05al$ Revaluations At 31 January 1,886,409 283,693 1123,827) 1,883.379 221,509 {98.590) 2,239,572 1.886,409 INVESTMENTS AT COST 1,640,967 1,456.615 Units in charifd IM & Gl gwounted for £1,466,50612024.. £1,341,909} of th¢ abov¢ Market Value. iitnbcr Iil'cliaiiluiid uniis held l)6.177.<9g 1?024.- 9f.519.0241 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors MOVEIIENT IT4 FIINDS Ntt Mov¢ment in Funds At 1.2.24 At31.1.25 Unrestrictsd Funds (ieneral Fund Distribution Account TOTAL FUNDS 1.892.360 5,958 1,89R318 350,083 582 349,501 2,242.443 2247819 P8g¢ 9
The John M Archer Charitable Trust 40te$ to the Flth#tttÉxl Sta¢itt¢nts- contlnue lor the &'¢gr Et)d¢d 31 J¥nu#ry 2(125 MOI."EMENT Ir FUP4DS- contlnued Net mo¥emeiil irt fun(Ls. iiicluded in th¢ a)¥¢ are a> follows.. Inwme Expenditur¢ Gains dnd Muvemeiji in losses tunds LTnrestritted fllttds Cicncral fund Distribution account 12J,197 ia4,038 132661 1104,6201 193.297 350,083 15821 TOTAL FUNIDS The General fund r¢nts capital which is li¢ld in order to provide iticome for distribution. Income tron) iiivestintnig and exp¢rtditure tsn akniiviti&% aT¢ 4c¢aunt¢d for in the Distribu(ion a¥LtsUlll. RF,L.4TED PARTY DISC.LOSLTRES Except &8 disclosed in note 2, there Wif¢ no T¢lat¢d party transal0S for the year. io. RF.MliiYbRATIOn OF INDEPENDENT EXAMINER 2025 2024 Independeni Examination and at¢ounting ,320 1.200 IOI'EMEiNT IYFUNDS- PRIOR YEAR (20241 UDrestricted Funds Al 1.2.23 Movement in Futids At31.1.24 General Fund 1.891,658 702 1.892.360 5.958 Di%trybution Fund 293 TOTAL FUNDS moi'ement fvDds. iwlud¢d in Ihe atove we as tollo¥%'. Incotne Expendiwr¢s Gains akid Mov¢meni in losses fiinds Unrestricted futtds G¢rtLral fiind Distribution a¢couTrt 123,197 95,293 (?.6061 195,(N)01 (119,8891 702 293 TOTAL FUNDS Page 10