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 y￿rdOnatiOnS 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 provide the funds tts generate ii)come to pay ¥raiils. FUTURF PLANS The tru.st will make donations in the firture oiit of income. STRUCI'URE, COVERNANCE AND MANAGEMENT Covèrning do¢um¢nt The charilv is controlled by its goi'erning doc￿Ment, a deed of irusi, 2nd consti1u1￿ att unincoTporated charity. The Trust wa.% estal)114he(l under a TTUSt Deed dated 21 Mlarch 1969. Recrtsltment And appoittiment of new irustees Trustee5 are dppuiiiied b). the existing trusites. Their duiies will be explained to ihem in full and they will also b¢ ¥iv¥n a Lvpy of OSCR Guidance for Charity Trustees. Org2ni$AtIon41 $tru¢tur¢ The dav io day running of the Trust is carricd c>ut by the Trustees. Rl$k m#n*gement The Trustees have 2ssessed the major risks to whi¢h the ¢har2ty is exposed. in particular those related to the operations and finances of ihe Trust and ttre satisfied rhat s) stems are tn place to mirigÈtte exposure 10 the major risks. REFERENCL AND ADMINlS'fRATIVL DETAILS Registered Charity number SCO10583 Prlncip#l address 10 BrOU￿￿t0￿ Place Lane Edinbiiygl), F.HI 3EIS Cliair: Trkn$te¢s Socretairy: Ittdependellt ExAminer Hollis Accouniing Limited. 3 Melville Crescent Ed]'llburgF4 EH3 7HW Page 2 Tlte John M A￿ber TJit$t Report of the TrnJt¢¢s For the Yur Ended 31 J4￿m8ry 2023 Tru$tttg' R¢¥pon4bTllti¢s in Rel¥tion lo the FI￿4￿cl¥l St*t¢￿eNts The charity trustees are responsible for preparing a trustee5' atknua] report and financial statem¢nts tn a¢¢ordan¢¢ with plicable law Unil¢d KingdoTn AGGouMing sta￿d￿d5 (URTted Kingdollj Generalty Accepted Accauniin8 PractEce). The law appliGable lo ch￿ltie$ 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¢ fIt￿le18& 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 p￿S￿Erje 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 AccO￿nts (gcotland) Regulations 2006 (a5 n£￿ded). They are also responsible for ¢aking rea50nabl¢ st￿5 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 $￿ementS may differ from legislation in other Jurisdictions. roved b QlTder lif the board of Itustee% nn 01-¢ar end date ar¢ t)oted as a commitme#t but not acci.u￿ as expenditure. Tax&tion Th¢ ¢hariry is exempi from tux ort its ch2rit&ble adivitics. Fund *¢¢ountlng lJnrestri¢t¢d funds ian be used iii accordantt with the charitable abj¢¢riv¢s at the discretion of the injstees. Restricted funds can only b¢ us¢il t-or partieular resiricied purposes wiiliin Ihe vbjet15 of the iliaTirrf. Resiriciions aiisc whctt 5PLClticd by thc donor OT when funds arL raised tor particular restriLied purposes. Further explanation i)f the n&iure and purp)se of e&ch futid is irtcluded in th¢ notes to th¢ fuLancial staietnents.. Page 7 The John M Archer Charitahle Trust iyotts to the FinxnriRI.¥tAlement$- coiitinued for the I'esr Ended 31 JHnuary 2025 DONATIONS AND LEGACIES 2025 2024 Don￿10￿8 and )SS￿lated 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 tot￿Illg £nil12024.. £10.5001 werc received from Trustees plus £nil12024.' £2.625} gift aid was ￿$0 ￿ctived and credited to the general fund. The Trust received a donation of £150,05212024.. £100.0721 from a Twsiee by traEJ5fer of Shares managed by Rossi¢ House Invesimeni Management. INVESTMENT IYCOME 2025 2024 Charifund inveshneni incom¢ R05sie House martag¢d portfolio divideod in¢orEte B￿k inreresr 86,175 17,771 92 80.703 14,491 GRANTS PAYABLE 2025 2024 Donalions Granis to in.%titutions are analysed as follows.. Anntsai A Annual B Annu31 C Grants Special 6,IM)O 4,000 1,500 3(X) 70,(KiO 300 72.000 TRUSTEES, REMUNERATION AND BEtYEFITS There were no trustee5' rernuneration or other benefits for the year ended 31 January 2025 nor for the PTior year. Trustees expen5e5 There were no misiees, expenses paid for the year ended 31 January 2025 nor for piior yeai. Page 8 The John im ArLheY ChAritable Trust Yoie5 to the Finanti¥l.Stattments continued for the Year End¢d 31 J#nugry 20?5 FIXED ASSE"r INVESTMENTS Ltst¢d Investments 2025 Listed Investments 2024 MARKF.T VALUE At l February Additions DE5P05al$ 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 charif￿d 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 transa￿l0￿S 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