THE ARCHIE FOUNDATION (Charity Number= SC0395211 (Company Number.. SC3402971 TRUSTEES, REPORT AND FINANCIAL STATEMENTS (a company limited by guarantee and not having share capital) 31 DECEMBER 2Q25 Wetre here for you
THE ARCHIE FOUNDATION TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 CONTENTS PAGE LEGAL AND ADMINISTAATIVE INFORMATION TAUSTEES, ANNUAL REPORT TRUSTEES, RESPONSIBILITIES STATEMENT INDEPENDENT AUDITOR'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET CASH FLOW STATEMENT NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 11 12 17
THE ARCHIE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES Carol Munro, Nicola Fry, Chairperson Anne Bone MBE Evnnne Boyd Irene Bruce Caron Cruickshank Gerald Donald Derek King Holly Milne Paul Monaghan Michael Reidy Grarit Rodney David Stiachan Hazel Whyle Graham Wilson April Emmo (rèsigned 31 March 20261 (appointed fj April 20261 (resigned 31 March 20261 (resigned 4 February 20251 lappoinled 12 March 20251 (resigned 31 March 20261 Ircsigcd 31 May 20261 lappoinled 12 March 20251 {resigned 12 March 20251 lappoinled 11 June 20251 lappoinied l O June 20261 COMPANY SECRETARY Mackinnons Solicitors LLP ORGANISATION The day lo day management ol the charity is delegated lo Paula Cormack, Chief Executive REGISTERED OFFICE Royal Aberdeen Children's Hospital Westburn Road ABERDEEN AB2 22G AUDITORS AAB Audit & Accounlancy Limited Kingshill View Prime Four Busingss Park Kingswells ABERDEEN AD15 8PU BANKERS Bank of Scotland EDINBURGH EH2 2VR Royal Bank ol Scotland FRASEABURGH AB43 gAS Virgin Money ABERDEEN A815 4XU SOLICITORS Mackinnons 14 Carden Place A8ERDEEN A810 1UA
THE AACHIE FOUNDATION TRUSTEES, ANNUAL REPORT The Trustees present their report and accounts for the year ended 31 December 2025. Legal and adminislralive information sel out on the previous page forms part ol this report. The financial slalements comply with current slalulory requirements,. the Articles ol Association., Accounting and Reporting by Charities: Sialemenl ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP (FAS 1021 {second edition- October 20191 and the Companies Act 2006. OBJECTIVE AND ACTIVITIES- THE ROLE OF THE ARCHIE FOUNDATION The Archie Foundation operates on a non-prolil basis. Our mission 15 to transform experiences and outcornes in healthcare and ber@av8m8nt lor local babiès, childr8n and their families. We do this by working in partnarship with the NHS in Grampian, Highlands. Orkney, Shetland and Tayside and with other child development and childcare prolessionals including. bul not limited lo, those working in the education and social work sector. Our charitable purpose is to relieve sullering and distress and to aid the furtherance of heahh for local babies and children. We do this by: supporting paedialric healthcare praclitioners-, supporting, equipping. enhancing and maintaining neonatal and paediatric health services., providing specialist training lor health professionals working in neonatal andlor child healthcare-, providing practical support and resources lor children, young people and their families who use child health servi¢es-, providing bereavement support lor children and their families., training professionals working with children lo equip them with the skills and knowledge to support a bereaved Child or young person.. any such other related charitable objects as the Cornpany in its sole discretion may determine. Whether in one ol the major hospitals or one ol the many rural cornrnunily hospitals across the Tegions we support, The Archie Foundation provides the extras, over and above core, slale-lunded health provision, that make hospital experiences for children less daunting, less stressful, more enjoyable, ollen shorter and nearly always more positive. In whichever ol the myriad ways we make the diff erence, our work positively influences and sometimes saves the lives of children. We are a charity with babies, children, families and local people al our very core and our relationship with the NHS, edLJcation and childcare sectors is lundamenlal lo our cijrrenl and lulure success. Equally important are the generous donors who, by supporting The Archie Foundation, make all ol this possible. We are extremely proud of the impact we make and enormously graleful lo everyone involved in making il happen. ACHIEVEMENTS & PERFORMANCE 2025 marked 25 years of The Archie Foundation and the need for the charity's support is greater than ever. The challenging socio-economic environment continues unabated. Individual need is growing, with families struggling lo Make ends meet even before a crisis srtuation hits. Inslitulional need continues lo increase as public sector entities supporting children and families lace endless budgetary and process pressure. Thankfully, with the help of generous local support, The Archie Foundation was able lo rise to meet at least some of this need, with record impact slats achieved across each ol our pillars ol support. Record impact lor the charity is al once.. HeartbTeaking- that so many babios, children and larnilios afe sufforing. Uplilling that in many cases small inteNenlions can have such a Iranslormalive impact on experiences and outcomes for young palienls., and
THE ARCHIE FOUNDATION TRUSTEES, ANNUAL REPORT ACHIEVEMENTS & PERFORMANCE (continued) Heartwarming - that despite the widespread impact of cosl-ol-living challenges so many local people and companies continue lo support charities like The Archie Foundation lo ensure we can be here for those less fortunate in their timo of neod. Sharing slalislics and most importantly the human stories behind them has been key in keeping the charity lop ol mind, with Archie supporters regularly expressing pride in the key part they play in making such vital support possible. Demonslraling our impact and the difference il means al a p8rsonal level also encourages legacy gifts and the charity has benelitted significantly in recent years from generous ben91aclors. Unlike many other local charities, Archie does not receive slalulory funding from local authorities for the services we provide. Everything we deliver and achieve is thanks lo volLJntary contributions and efforts and as a charity we are deeply indebted to each and every one of our donors, volunteers, trustees and dedicated staff members across Grampian. Highland. Tayside and further afield. We remain acutely locussed on ensuring the very best return possible on donor investment in Archie. What this looks like in real terms is.. Increasing the number ol children and families supported children, a 31°/0 increase on 2024- and in 2025 we provided direct SLtpport for 4,400 Reducing our cost ol fundraising in 2025 our cost ol fundraising was the lowest it has ever been al 11 % versus the widely recognised third sector average 0125 /0 and our own. evenl-locussed high water mark 0132% in 2019 Iv8 an average 0140-70% reported in the UK Civil Society Almanac 2024 lor evenvretail locussed charities). Over the course 012025 many kind and generous individuals found creative ways lo weave Archie into their social lives and celebfalions. Flagship Archie events and campaigns were well supported as wero Ihird-party and supporter-led events. These inclLJded Marathon March, Archie's Variety Show, record participation in local Killwalk evenis, our much-loved Disco Ball, noi one bui iwo atjseils lor Archie, impaciful giving campaigns around Play In Healthcare Week in October and our ever-popular Advent Campaign in December and countless DIY supporteT- led lundraising aclivilies. such as the Prosecco Picnic and Moonlight Ball in the Highlands. In lolal we received ar¢ oulslanding 3,543 donations from a lolal 011,783 donors in 2025. In the main these gifts were monetary, used to fund vital services andlor equipment, supplementgd by hundreds ol gift-in-kind donations including Ihousands ol knilled items from baby blankets lo Worry Monsters and. ol course, the priceless gill of lime from Archie volunleeis. This year Archie was once again fortunate lo benefit from strong support from local companies, Trtjsts and Foundations, including longstanding supporters TEXO, HCS and The JEllie Foundation. In 2025 we received signilicant1g.oary gifts from gAne.roiis qoiils who will continiip to make tho di118renc8 way beyond their own lifetime and we also received a major donation worthy ol special mention. Tho Suttig Family donatgd £1.5million to gn$ur8 th8 installation ol an MAI scanngr at the new Baird Family Hospital. Securing Scollish Government funding lor this important additional facility and service within the Baird was extremely uncertain, due to conlinu8d pressures experienced throughout the build phase ol the project. Upon learning this the Suttie Family generously stepped in to close the gap, providing peace ol rnind lor the NHS staff who desperately need this equipment so they can provide the standards ol care they aspire lo. The impact that access to MRI scanning will have in improving early intervention and appropriate healthcare Irealmenl for fragile babiEb dfiLJ puurly Lliildreii LuiTriiut uverbtcAled. Tlie dill¥igiiLE Iliits will Iri¥(111 lur lulure yeneration5 light aGross North Scotland is gonuinely priceless and The Archie Foundation is so grateful and proud to have been able to play a small part in making this possible.
THE ARCHIE FOUNDATION TRUSTEES, ANNUAL REPORT ACHIEVEMENTS & PERFORKqANCE (continued) Collectively, over the course 012025, Archie supporters generated a lotsl income of £3,344,623. enabling us to make the difference directly lor 4,400 babies and children and indirectly lor c. 50,000 children who pass through the doors ol the NHS facilities we support. However they supported and whatever the value of their gift lo the charity. we are indebted lo every single one ol our supporters. Quite simply, we couldn't operate without them. THE IMPACT OF ARCHIE'S SUPPORT In 2025 we developed a new strategy lo build on the success ol our 2022-24 Business plan. Our strategy lor 2026- 30 sets oul the roule map lo continue extending our reach and impact, year on year, lor babies and children across North Scotland lacing the challenges of poor health andlor bereavement. What we achieved in, foreveb18s.Cha14IIth15 ¢)$$theN¢K1NtythF051 :: . of S¢otl)I wIde our rexhaTrJiunitwlbekey todel¥ethgtr¢s g ,, 2025 What We Provide: Who We Support 50.000 £795,683 le4 NHS pat15. stall -605 3wlcabtr)sappFo¥ed li L456 1,192 E383,366 £217,746 £299,773 DinrtT• Chilthen &F4rnilios tyw Investin8 in Pivfts5ionals Who Call For l H*lp (hddren RACH tlp 14 I¥tinsHINe1Mats1I PaedkitricFarilthe5 VJ
THE ARCHIE FOUNDATION TRUSTEES, ANNUAL REPORT STRUCTURE AND GOVERNANCE The Archie Foundation was formed in September 2000 to support the creation of Royal Aberdeen Children's Hospital. After the hospital opened, the charity was subsumed into the NHS Grampian Endowment Fr¢d between 2004 and 2008, later emergin9 a8 an independent charity in 2008. The Trustees are responsible lor the strategy and governance ol the charity and moniloring performance in line with the strategic objectives. The Archie Foundation is a charity registered in Scotland number SC039521. The Board of Trustees devolve day-lo-day rnanagemenl of the charity lo the Chief Executive, Paula Cormack. The Board has seven Comrnittees reporting to it.. The Grampian Clinical Advisory Commille8 The Tayside Clinical Advisory Committee Tho Highland Clinical Advisory Committoe The Finance & Governance Committee The Remuneration Committee The Archie Child Bereavement Service Corntnittee The Archie Neonatal (Grampian) Committee The Clinical Advisory Committoes ICACS) are chaired by an Archie Irustge and include NHS staff, parent representation and non-truslees as members. CACS review all charitable applications over £2,000 relating to neonatal and paedialric health within the Children's Hospital and Community Child Health environments. The CACS make recommendations on their suilabilily and appropriateness to the Board. The Archie Meonatal (Grarnpianl Committee includes clinical staff and previous users of the setvice who together guide the charity's work in supporting Neonatal families and stall al the Unil. Aichie's Child Bereavement Service Committee is chaired by an Archie trustee and has non trustecs and past service users serving on it who all work closely with the Bereavement Service Manager. The committee meets regularly and provides direction, support, and advice. In addition, commill80 members provide one lo one support to Ghildren and families sulloring bereavement and deliver aGlivity day8 lor Ghildron and families. The Finance and Governance Committee is a sub-committee ol the Archie Board of Trustees who review the financial performance and governance ol the chaTlty and subsidiary company and the financial implications ol any funding applications being recommended lor approval by the other Committees. The Finance and Governance Committee may then add further recommendations or comments for the Board relating lo the financial or governance aspects ol the grant being requested. The Trustees consider the Chief Executive and the Director ol Business Services (who together constitute the Senior Management Team) to comprise the key management personnel ol the charity. Trustees are required lo disclose all rolevanl intoresls and register them with the Director ol Business Services al each meeting. Trusle8S will withdraw from decisions where a conflict ol interest arises. The Board ol Trustees ultimately make decisions relating lo the activity of the Charity, taking into account the recommendations made lo them by the Committees and Senior Management Team.
THE ARCHIE FOUNDATION TRUSTEES, ANNUAL FIEPORT TRUSTEES Trustees are appointed lor Ihree-year terms with an option lo stand lor re-election once before al least one year ott the board is required. Trustees are generally invited to join the board following advertisement of the position and a subsequent inteNiew. Once appointed, Trustees receive an induction from the Chief Executive and senior staff members and are invited lo sil on such committees as are appropriate. New Trustees are then required lo enhance their knowledge through training, meetings with other members ol the Board and tours ol the charity's lacililies, as appropriate. The Chief Executive and Senior Management Team will also spend time with the Trustees during their first year lo ensure they are lully informed ol the work ol the charity and able lo access all the information they require. As 0131 December 2025, there were a mix of NHS and non-NHS Trustees on the Board with a majority being non- NHS members. During 2025, the following served as Trustees ol the charity and as direclors ol the company. The Trustee Committees they served on are also shown in the table below.. TRUSTEE Carol Munro Derek Kin Irene Bruce Anne Bone Evonne Bo Caron Cruickshank Gerald Donald Holl Milne Paul Mono han David Strachan Michael Reid Grant Rodne Hazel Wh Graham Wilson Board Board Attendance 415 515 515 615 315 0/0 314 415 215 515 515 414 112 Finance & Governance Remuneration In 2025, there were 5 board meetings wrth the Trustees attending the number ol meetings noted above lattendedleligible to attend). Dates ol appointment and resignation as Trustee are noted on page 1. The Advisory Comrnittees that Trustees served on are shown in the table below.. Clinical Advl$ory Gram ian Clinical Advisory hland Clinical Advisory Ta side Aberdeen Neonatal TRUSTEE Derek Kin Irene Bruce Anne Bone Fvnnnp. Rrj Caron Cruickshank Gerald Donald Paul Mona han Michael Reid Grant Rodne Hazel Wh Graham Wilson AC8S C- Chair I V- Vice-chair I X - Trustee
THE ARCHIE FOUNDATION TRUSTEES, ANNUAL REPORT GRANT MAKING POLICY The Archie Foundation has a comprehensive funding programme providing grants lorlamilies, children and projects including those.. lor individual children currently in the care ol the NHS. lo support families during extended andlor unexpected hospital admissions. to support NHS child health staff lo undertake advanced training courses. to fund specialist equipment. lo fund specialist staff posts. We fund the non-core "extras. that are above and beyond that which is considered "core" to the NHS. What is considered core NHS funding is increasingly open to debate. Our funding is provided to make the difference for any child, or group ol children, accessing care in NHS Grampian, NHS Highland, NHS Sheiland, NHS Orkney and NHS Tayside. We also provide long-lerm project support such as The Archie Family Cenlre, which includes 19 bedrooms for parents ol patients in Royal Aberdeen Children's Hospital, our Archie Play Leader, Archie Counsellor al Aberdeen Neonatal Unil and major relurbishmenl or development projects within the NHS across our alea ol aclivily. The charity makes a number ol grants lo individLJals and groups. The Board's granl-making policy dillerenliates between diNerenl financial requests and requests lor varying purposes depending on funds available. Applications lor support, to any part ol the charity, ol up to £2,000 are assessed lor support by the Chief Executive or Director ol Business Services. These are assessed against the charity's purposes. any current guidance from the Board andlor any existing restricted dorlalions. Applicants are typically advised ol an outcome within three working days. Applications lor support above £2,000 are assessed lor approval by the appropriate expert Committee who will then make recommendations lo the Board. The Board make the linal decision. taking into aceounl the recommendations - although they are not required to accept this advice. REMUNERATION POLICY The charity's stall remuneration is reviewed annually by the Chief Executive and Senior Management Team, who make recommendations lo the Board. In 2025 the charity created a Flemuneration Committee who eonducled a detailed and robust benchmarking exercise lo assess staff remuneration against comparative UK third sector roles and similar roles within local organisalions, lo ensure that the remuneration sel is lair and compelilive. The Remuneration Committee made recommendations lo the Finance and Govemance Committee and onwards lo the Board ol Trustees lor approval. VOLUNTEERS The charity enjoys the support of many hiohly valued volunteers who make an important and siqnilicanl contribution lo all aspects ol our work. Our "Meet & Greet" volunteers at RACH are olien the first point ol contact people have with the charity., our volunteer bereavement responders can be a child's primary source ol support as they grapple with the loss ol a loved one and many key aspects of our behind-the-scenes admin and fundraising activities are led by Archie volunteers.
THE ARCHIE FOUNDATION TRUSTEES, ANNUAL REPORT 2025 FINANCIAL PERFORMANCE The budgei lor 2025 was agreed and approved by the Board ol Trustees in November 2024. 11 was inlenlionally consetvalive, recognising the challenging economic backdrop al the lime. Total income achieved in 2024 exceeded budget and expectation. such that our 2025 target was in lacl below our 2024 actual. The 2025 income target was, lor these reasons, sel al £1.6m (below the 2024 lull year performance of £2.1ml bul with a stretch largel ol £2.000.000. The stretch largel was exceeded, with a final income figure lor the year of £3,344,623, an increase ol 58°k. Expenditure equalled £1,968,50812024 - £1,708,284), reflecting a continued focus on cost management and the result of our supporter-led strategy. Total funds at 31 Decembèr 2025 totalled £3,290.740 {2024- £1.934,6251 ol which £2,477,00012024- £1.119,8291 are restricted funds Ilunds received that are restricted by the donor lor a specific purposel, and £813,74012024 E814,7961 that are unrestricted. of which £388,709 is designated lo live projecls12024 - £422,952) and £300,000 lo an operational reserve12024 £nill Of the many funds operatgd by the charity, shown in note 17. there was no fund showing any signilieanl deficit. In addition, during 2025, there were no subslanlial events that had a significant financial effect on the charity. however the charity received a one-off donation of £1.5m from a generous supporter which has a reslricled requirement to be used lor the purchase ol an MRI scanner in the Baird Family Hospital. ARCHIE VENTURES LTD IN 2025 ARCHIE Ventures Ltd was created in 2018 10 incorporate the development of additional income streams for the eharily. including the sale ol merchandise through the Oor Wullie Big Bucket Trail in la highly successful fundraising trail run in partnership with EdinbLJrgh Children's Hosprtal Charity and Glasgow Children's Hospital Charity in 20191. ARCHIE Ventures Ltd is a wholly owned company ol The ARCHIE Foundation. There have be8n no ARCHIE Ventures trading projects in operation from 2020 to dale and the company lies dormant while we assess lulure opportunities. RESERVES POLICY The Trustees have Teviewed the reserves required. taking into account the current and future liabilities. The Trustees have agreed a SLJM of £300.000 be retained as part ol the charty's reserves as provision lor three months operating costs. The free reserves of the group, after allowing lor funds lied up in tangible fixed assets and designated funds, is £123.291 12024 - £388,745). Further reserves relate lo projects not yel ready lor inslallalion or not yel lully delivered and costs lor restricted purpose. This includes funds lo support the n8w Baird Family Hospital in Aberdeen,. monies raised lo fund the relurbishmenl of the Birnie Centre at Raigmore,. funds raised lo support future works al Ninewells Hospital and funds donated lo support the work ol the RACH Neurology team. Any other reseNes are only retained lor the day-lo-day activities of the charity and to ensure the Trustees ca respond to urgent or emergency requèsts lor assistanc8. RISK The Trustees apply a low risk slrategy lor the OTganisation in terms of linancial investment and for project related expenditures. Tho Truslees review the Risk Register on a quarterfy basis. The Trustees maintain a position that funding should be lully available lor any project before il is commilled lo. Where these projects span several years, reserves are created lo allow subsequent years, funding lo be available, this would include any capital projects not yel ready lor installation or not yel lully delivered.
THE ARCHIE FOUNDATION TRUSTEES, ANNUAL REPORT INVESTMENT POLICY The Trustees opt lor a low-risk investment policy with funds not immediately due lor use held in short-lerm notice accounts up lo a maximum 011 year. Investments are made lo ensure sullicient funds are always available to the charity to deliver oll comrnitments made. The Trustees have 30U9ht confirmation Irorn the banking Parter that these funds are not invested in activities contrary lo the objects ot the charity. The invoslment performance of £158.979 was up on the previous year1£111,2981. With the bank base interest rates remaining favourable, the Board is salisfigd with this return, which was above expectations due to the significant one-off £1.5m donation. PLANS FOR THE FUTURE Plans for the future are conseryative and are made with the instability ol the current economic climate very much in mind. 11 is clear that need within our local communities will continue and there is every likelihood that we will continue lo see increased demand lor our services. With budgetary pressure on the NHS such as il is, we expect our NHS colleagues will increasingly iely on The Archie Foundation lor ongoing support. Growth in our service delivery activities lin particular Archie's Child Bereavement Service) have seen our staff roll increase consislenlly. Socuring multi-year funding lo support these roles is a priority lor th8 Fundraising 18am, with the aim ol providing financial stability and security. The Finance and Governance committee and the senior management team monrtor income and cost ongoing lo ensure that priorities are assessed and addressèd. The charity is now embarking on a new live year strategy covering 2026-30. The plan has been shared with key donors and supportors and can b9 roquostod by intorestod partlgs. CONNECTED BODIES ARCHIE Venlures Limited is a wholly owned subsidiary company which has a registered office address of 14 Carden Place, Aberdeen, AB10 1 UR - that ol our solieilors. RELATIONSHIP BETWEEN THE CHARITY AND RELATED PARTIES ARCHIE Ventures Limrted was set up as a subsidiary trading company of the chanty and donates ils prolils lo the charity. Two Iruslees. Carol Munro (Board Chairl and David Sirachan are directors ol ARCHIE Ventures Limited. The following individuals who were trustees ol The Archie Foundation for the period, or part ol the period, are employees of NHS Grampian or NHS Tayside.. Paul Monaghan Michael Reidy GOING CONCERN The Trustees are satislied that ihe acGounts should be prepared on a going concem basis. They have reviewed the level ol reserves, the budget for both income and expenditure lor the next 12 months and also reviewed the iisks lo the charity and its abilty lo continue to iaise funds in the future.
THE ARCHIE FOUNDATION TRUSTEES, ANNUAL REPORT PROVISION OF INFORMATION TO AUDITORS Each ol the persons who are Iruslees al the lime when this Trustees, report is approved has confirmed that.. so far as that director is aware, there is no relevant audit information ol which the company and the group's auditors are unaware, and that each director has taken all the steps that ought lo have been taken as a director in order to be aware of any information needed by the company and the group s auditors in connection with preparing their report and to establish that the company and the group's auditors are aware ol that information. AUDITORS Anderson, Anderson & Brown Audit LLP have expressed their willingness lo continue in office and a resolution proposing their re-appointmonl will be submitted at the annual geneTal meeting. The report has been prepared in accordance with the special provisions relating to small companies within Part 15 ol the Companies Act 2006. he Iruslees, report was approved by the board ol trustees and signed on its behalf. Irene Bruce Vice Chair Date: 1-7 26 10
THE ARCHIE FOUNDATION TRUSTEES, RESPONSIBILITIES STATEMENT The Trustees (who are also directors ol The ARCHIE Foundation lor the purposes ol company lawl are responsible lor preparing the Trustees. report and the financial slalomonls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company law requires the Trustees to prepare financial statements lor eaGh financial year. Under company law the Trustees musl not approve the financial statements unless they are satisfied that they give a Irkje and lair view ol the stale ol affairs ol the charitable company and the Group and of the incoming resources and application of resources, including the income and expenditure, lor that period. In preparing these financial stalemenls, the Trustees are required to.. select suitablo accounting policies and then apply thern ¢onsislently', observe the methods and principles ol the Charities SORP., make judgments and accounting estimates that are reasonable and prudent., prepare the financial statements on the going concern basis unless il is inappropriate to presuTne that the char(tab5e Group will continue in operation. The Trustees are responsible lor keeping adequate accounting records that are sufficienl lo show and explain the charitable company and the Group's transactions and disclose with reasonable accuracy al any lime the financial position ol the charitable company and the Group and enable them to ensure that the financial slalemenls comply with the Companies Act 2006, the Charities and Trustee Investment (Scollandl Act 2005 and the Charities Accounts (Scollandl Regulations 2006. They are also responsible for safeguarding the assets ol Ihv bli(Irildblv LUlTIVdlly dTid tlie Gruup lafid IIEIiLe loi Idkiriy ied)UlldiJl¥ blep& lor Ili¥ prev¥rilivri iiiid dgtE6lion ol Iraud and other irregularities.
THE ARCHIE FOUNDATION INDEPENDENT AUDITOR'S REPOFIT TO THE MEMBERS AND TRUSTEES OF THE ARCHIE FOUNDATION Opinion We have audited the financial statements of Ttte Archie Foundation lor the year ended 31 December 2025 which comprise the Charity Statements ol Financial Activities, the Charity Balance Sheet, the Cash Flow Statement and notes to the linaneial slatemenls. including a summary ol significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic ol Ireland (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the financial statements.. give a true and lair view ol the slate ol the charitable company's allairs as at 31 December 2024 and ol the incoming resources and application of resources lor the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements ol th8 Companies Act 2006. the Charities and Trustee Investment (Scollandl Act 2005 and Regulations 6 and 8 of the Charities Accounts (Scotlandl Regulations 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's respon8ibililies lor the audit ol the financial slalemenls section of our report. We are independent ol the group in accordance with the ethical requirements that are relevant lo our audit ol the financial slalemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sullicient and appropriate to provide a basis lor our opinion. Conclusions r•lating to going Concern We have nothing to report in respect ol the following matters in relation lo which the ISAS IUKI require us to report lo you where.. the trustèès, usè ol the going Concern basis ol accounting in the preparation of the financial statements is not appropriate., or the Iruslees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the group's or the charitable cornpany's ability to continue to adopt the going concern basis ol accounting lor a period ot at least twelve months from the dale when the financial slalemenls are aulhorised lor issue. Other information The trustees are responsibl8 lor the other information. The other information comprises the information included in th8 annual report, other than the financial statements and our auditor's report Ihereon. Our opinion on the financial slalemenls does not cover the other inlorrnalion and, except lo the exlenl olheNise explicitly staled in our report, we do not ¢xpress any form ol assurance GonGlusion thereon. 12
THE ARCHIE FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF THE ARCHIE FOUNDATION Other information (continued) In connection with our audit ol the financial slalements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsislenl with the financial stalemenls. or our knowledge obtained in the audit or othemise appears to be materially misstated. 11 we identity such rnaterial inconsistencies or apparent rnalerial misslalemenls, we are required to delerrnine whether there is a rnalerial misslalemenl in the financial slalemenls or a material rnisslatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement ol this other information, we are required lo report that fact. We have nothing lo report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion based on the work undertaken in the course of our audit the information given in the trustees, report. which includes the directors, report prepared lor the purposes ol company law. lor the financial year loi which the finallcial statements are prepared is consistent with the linanr.i21 .qtatp.mAnts-, and the directors, report included within the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In light ol the knowledge and undorstanding ol the charitable Gompany and their environment obtained in the course ol the audit, we have not identified material misslalemenls in the directors, report included within the Iruslees. report. We have nothing to report in respecl of the following matters in relation lo which the Companies Act 2006 and the Charities Accounts Iscollandl Regulations 2006 require us lo report lo you it, in our opinion: adequate and proper accounting ieeords have not been kept., or the financial slalemenls are not in aoreemenl with the accounlinq records and relurns., or certain disclosures of Irusleès, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit., or tho trustoos wero not ontillod to prgpare ths financial statgments in accordanco with the small companies. regime and lake advaniage ol the small companies, exemption in preparing the Iruslees, report. R¢sponsibilities of trustee As explained more lully in the Iruslees, responsibilities statement sel out on page 12, the Iruslees (who are also Ilie LlireLlors ol the Lliaritable uoiiipaiiy lor th& purposes ol coinpany lawl are respon¥ible lor Ilie prepdralioii ol tlie financial slalements and for being satisfied that they give a true and lair view, and lor such internal control as the Iruslees determine is necessary to enable the preparation ol financial slalemenls that are free from material missiaiemeni, whether due io fraud or error. In preparing the financial slalemenls, the Iruslees are responsible lor assessing the charitable company's ability lo continue as a going concern, disclosing. as applicable, mallers related lo going concern and using the going concern basis ol aeeounling unless the trustees either intend lo liquidate the charitable company or lo cease operations, or have no realistic alternative but lo do so.
THE ARCHIE FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF THE AFICHIE FOUNDATION Auditor's responsibilities for the audil of the financial statements We have been appointed as auditor under section 4411 Ilcl ol the Charities and Trustee Investment IScolland} Act 2005 and under the Companies Act 2006 and report in accordance with the Acts and relevant regulations made or having ellecl Ihereunder. Our objectives are lo obtain reasonable assurance about whetherthe financial statements as a whole are free from material misstatement, whether due to Iraud or error. and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material misstalemenl when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis ot these financial statements. Irregularities. including fraud. are instances ol non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo delecl material misstat8m8nts in respect of irregularities, including fraud. The extent to which our procedures are Capable ol detecting irregularities, including fraud is detailed below.. We are not responsible for prevonling non-compliance and cannot be expected to delect non-compliance with all laws and regLJlalions - this responsibility lies with management with the oversight of the trustees. Based on our understanding ol the Charitable Company and industry, discussions with management and Iwslees we identified financial reporting standards and Companies Act 2006 as having a direct ellecl on the amounts and disclosures in the financial slatemenls. As part ol the engagement team discussion about how and where the Charitable Company's financial slalemenls may be materially misslaled due lo fraud, we did not identify any areas with an increased risk of fraud. Our audit procedures included- completing a risk-assessment process during our planning lor this audit that specifically considered the risk ol fraud., enquiry ol manag8m8nl about the Charitable Company's policies, procedures and related controls regarding compliance with laws and regLJlalions and il there are any known instances ol non-compliance,. examining supporting documents for all material balances, transactions and disclosures., review, where applicable, ol the Board ol Trustees, minutes., enquiry of management. about liligalions and claims and inspection ol relevant correspondence., evaluation ol the selection and application of accounting policies related to subjective measurements and complex transactions. analytical procedures lo identify any unusual or unexpected relationships; specific aLJdil lesling on and review of areas that could be subject lo management override ol controls and potential bias, most notably around the key judgments and estimates, including the carrying value ol accruals. recoverability of trade debtors and income recognition., considering management override ol controls outside ol the normal operating cycles including testing the appropriateness ol journal entries recorded in the general ledger and other adjustmerils made in the preparation of the tinancial statements including evaluating the business rationale of significant transactions. outside the normal course ol business. Owing lo the inherent limitations ol an audit, there is an unavoidable risk that some material misstatements of the financial slalements may not be detected, even though the audit is properly planned and perfom)ed in accordance with the ISAS IUKI. The potential effects of inherent limit81ions are particularly significant in the case ol misslalemenl resulting from fraud because Iraud may involve sophisticated and carefully organized schemes designed lo conceal it, including dgliberate failure to record Iransaclions, collusion or intentional misrepresentations being made lo us. 14
THE ARCHIE FOUNDATION INDEPENDENT AUDITOR'S AEPORT TO THE MEMBERS AND TRUSTEES OF THE ARCHIE FOUNDATION A further description ol our responsibilities lor the audit ol the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uklaudilorsresponsibilities. This description forms part of our auditor's report. Use ot our report This report is made solely lo the charitable company's members, as a body, in accordance with Chapter 3 01 part 16 01 the Companies Act 2006, and lo the charitable company's Iruslees, as a body, in accordance with Regulation 10 ol the Charities Aecounts (Scollandl Regulations 2006. Our audit work has been undertaken so that we might slate lo the charitable company's Members and Iruslees those matters we are required lo stale lo them in an auditor's repofl ancl lor no Oiher purposo. To the lullesi exient permffted by law, we do noi accepi or assume responsibility lo anyone other than the charitable company, the charitable company's members as a body and the charrtable company's trustees as a body, lor our audit work, lor this report, or lor the opinions we have formed. Derek S Mair Senior Slatulory Auditor For and on behalf ol AAB Audit & Accountancy Limited Statutory Auditor Kingshill View Prime Four Business Park Kingswells Aberdeen AB15 8PU Dale..
THE ARCHIE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 DECEMBER 2025 2025 Total Funds 2024 Total Funds UnrestTlCted funds Restricted lunds Note INCOME AND ENDOWMENTS FROM.. Donations and legacies Other trading activities Investments 572,209 194,668 104,483 2,137.694 281,073 54.496 2,709,903 475.741 1 $8,979 1,591.334 411,952 111,298 TOTAL INCOME 871,360 2.473,263 3,344,623 2,114,584 EXPENDITURE ON.. Raising funds Charitab18 8cl-vil*ès 127,294 579,121 229,490 1.052,603 356.784 1.631,724 255,803 1.452,481 TOTAL EXPENDITURE 706,415 1,282,093 1,988,508 1,708,284 NET INCOMEI IEXPENDITUREI 164,945 1,191,170 1,356,115 406,300 Transfer between funds 1166,0011 166,001 NET MOVEMENT IN FUNDS 11,0561 1,357,171 1,356,115 406.300 RECONCILIATION OF FUNDS Total funds bn)ught lotward 17 814.796 1,119,829 1,934,625 1,528,325 Tolal funds Carried forward 17 813.740 2,477,000 3,290,740 1,934,625 The company has made no gains or losses other than as reported above. The notes on pages 20 10 34 form part ol these financial slatemerrts. 16
THE ARCHIE FOUNDATION COMPANY NUMBER: SC340297 BALANCF qHF.ET- qi fJECEMBER ?.ng. 2025 2024 Note FIXED ASSETS Tangible fixed assels Invesimenis 12 1.740 3,099 1,742 3.101 CURRENT ASSETS Debtor5 Cash al bank and in hand 98,794 4.563,373 139,141 3,048,218 4.662,167 3,187,359 CREDITORS.. amounts falling due WAthin one y8Ar 1,373,169 1,255,835 NFT e.IIARENT A8.8ET 3.288.998 1.931.524 TOTAL ASSETS LESS CURRENT LIABILITIES 3,290.740 1.934,625 NET ASSETS 3,290,740 1,934,625 FUNDS Unrestricted 125,031 688.709 2,477.000 391,844 422,952 1,119,829 Designated Reslricled 3.290.740 1,934.625 Signed on behalf ol the Board of Trustees Irene B uce Chair ol the Board ol Trustees Dale: The notes on pages 20 10 34 lorffl part ol the financial slalemenls.
THE ARCHIE FOUNDATION CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Cash flow from operating activilies Net cash Ilow from operating activitie8 19 1,356,176 438,659 Cash flow Irom investing activities Interest rècèived Purchase ol tangible lixed assets 158,979 111,298 Net cash Ilow from investing activlties 158,979 111,298 Increase in cash and cash equivalents in the year 1.515.155 549.957 Cash and cash equivalents at 31 December 2024 3,048,218 2,498.261 Cash and cash equivalents at 31 December 2025 4,563,373 3,048.218 Cash and cash equivalents comprise: Gash at bank and in hand 3,048,21 B 2,498,261 4,563,373 3.048,218 18
THE ARCHIE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- 31 DECEMBER 2025 ACCOUNTING POLICIES lal Company infonnalion Tho ARCHIE Foundation is a private Gompany limittsd by guarantee, incorporated in Scotland. The registered ollice is given on page 1 01 these financial statements. The nature ol the charity's operations and principal activities are sel out within the Trustees, Aeport on page 2. Ibl 88sis of financial statements pr8paralion The financial statements have been prepared in accorclance wilh Accounting and Reponing by Chariiies.. Slalemenl ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Aepublic ol Ireland IFRS 1021 lelfeclive 1 January 20151- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Rèpublic of Ireland IFRS 1021 and the Cornpanies Act 2(XJ6. The ARCHIE Foundation meets the definition ol a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical eosl or transaction value unless otherwise slated in the relevant accounting policy. Icl Going concern The Iruslees, having made due and carelul enquiry and preparing lorecasls, are of the opinion that the company has adequate working capital lo execute ils operations over the next 12 months. The Iruslees, therefore, have made an inlormad judgomont, at the timo ol approvin9 th8 linaneial gtatèmgnts, that thar6 is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the Iruslees have continued lo adopt the going Concern basis of accounting ill preparing the annual financial statements. Idl Consolidation Group financial statements have not been prepared as the subsidiary company is dormant in the year lo 31 December 2025 and this would not have a material effect on the results ol the group. lel Income All income is reco9nised once the Charitable Company has enl((lemenl lo the income, it IS PTobable that the income will be received and the amount ol income receivable can be measured reliably. For legacies, entillemenl is taken as the earlier ol the dale on which either.. the Charitable Cornpany is aware that probate has been granted, the eslale has been linalised and nolilicalion has been made by the execulorlsl lo the Charitable Company that a distribution will be made. or when a distribution is received from the eslale. Receipt ol a legacy. in whole or in part, is only considered probable when ihe amount can be measured reliably and the Charitable Company has been nolilied of the executor's intention lo make a distribution_ Wh9ro legacies have been notified to the Charitablé Company. or thè Charitablé Company is aware ol the granting ol probate, and the criteria for income recognition have not been met, then the legacy is Irealed as a conlingenl asset and disclosed il material.
THE ARCHIE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- 31 DECEMBER 2025 ACCOUNTING POLICIES Icont.) {el Income Iconl.) Donated services or facilities are recognised when the Charitable Company has control over the item, any conditions associated with the donated item have been met. the receipt ol economic benefit from the use ol the Charitable Company of the item is probable and that economic benefit can be measured ¥eliably. On receipt, donated professional seNices and donated facilities are recognised on the basis ol the value ol the gill lo the Charitable Company which is the amount the Charitable Company would have been willing lo pay lo obtain services or facilities ol equivalent economic benefit on tha open market., a corresponding amount is then recognised in expenditure in the period ol receipt. Income from other trading activities includes income earned from fundraising events and trading activities lo raise funds lor the Charitable Company. Income is received in exchange lor supplying goods and setvices in order lo raise funds and is recognised when entitlement has occurred. Income tax recoverable in relation to donations received under Gill Aid or deeds ol covenant is recognised at the lime ol the donation. Incorne tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Expenditure EXpendture is recognised once there is a legal or constructive obligation lo transfer economic benefit to 8 third party, il is probable that a Irans18r ol economic benefits will be reqLJired in settlement and the amount ol Ihg obligation can be measured reliably. Expenditure is classified by activity. The costs ol each activity are made LJP ol the total ol direct costs and shared costs. including support costs involved in undertaking each activity. Direct costs allribulable 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 ol resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges allocated on the portion ol the asset's use. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs ol disseminating information in support ol the charitable aclivilies. Support costs are those costs incurred directly in support of expenditure on the objects of the Company and include project management carried out at Headquarters. Governance costs are those incurred in connection with adminislralion ol the Company and compliance with constitutional and slalulory requirements. Costs ol generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Charitable activities and Govemance costs are costs incurred on the Company's charitable activities, including support costs and costs relating to the oovernance ol the Company apportioned lo charitable activities. Grants payable are charged in the year when the oller is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants ollered subject lo conditions which have not been met at the year end are noted as a commitment, but not accrued as expendilure. All gxpenditure is inclusive ol irrecoverable VAT. 20
THE ARCHIE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- 31 DECEMBER 2025 ACCOUNTING POLICIES Iconl.) Igl Taxation Tlie Charitable Company is GonsidEfBd tg pass the tests set out in Schedule 6. Part 1 01 the FinanGe Act 2010 and therefore il meets the definition of a charitable company lor UK corporation lax purposes. Accordingly. the Company is polenlially exempl from taxation in respect ol income or capital gains received within categories covered by Part 11, Chapter 3 01 the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively lo charitable purposes. Ihl Government grants Grant income is recognised once the Charity has enlillemenl lo the income, il is probable that the ncoMe will be received, and the amount ol income receivable can be measured reliably. Where terms or conditions are attached to grants, these musl be mel before the income is recoqnised as the enlitlemenl condition will not have been satisfied until that point. Where terms or conditions have not been mel or uncertainty exists as to whelher they can be mel thon the relevant income is deferred. Investments in subsidiaries Investments in subsidiaries are valued at cost less provision for impairment. Tangible fixed assets and depreciation All assets costing mole than E1.000 are capitalised. A revigw lor impairment ol a fixed asset is carried out il events or changes in circufflslances indicate that the carrying value ol any fixed asset may not be recoverable. Shortfalls between the carrying value ol fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Gonsolidated statement ol Ilnanclal aciivllles Incorporaiing Income and expendlture account. Tangible fixed assets are carried at cost. net ol depreciation and any provision for impairment. Depreciation is provided at rates calculated lo write off the cost ol fixed assets, less their eslimaled residual value, over their expected usèful lives on the following bases.. Fixture. lrttings & equipment Website 25% reducing balance or 4 years slraighl line 3 years slraighl line Ikl Fund accounting Unrp4trirtgd funds are available lor use at the discretion of the Trustees in furtherance ol the general objectives ol the Charitable Company and which have not been designated lor other purposes. 0è8i9natad funds compriso unr9Strictgd funds that have b99n sol a5ido by tho Tfust90s lor partieular purposes. The aim and use ol each designated fund is set out in the notes lo the financial slalemonts. Restricted funds are lunds which are lo be used in accordance with specific restrictions imposed by donors or which have been raised by the Charitable Company lor particular purposes. The costs ol raising and administering such funds are charged against the specific fund. The airn and use ol each restricted fund is el oul iii Iliv iiotes lo tlie linaiicial stateiiients. 21
THE ARCHIE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- 31 DECEMBER 2025 ACCOUNTING POLICIES Iconl.) Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Im) Cash al bank and in hand Cash al bank and in hand includes cash and short term highly liquid investments wrth a short maturity of twelve months or less from the date of acquisition or opening ol the deposit or similar account. Inl Liabilities andprovisions Liabilities are recognised when there is an obligation at the Balance sheet dale as a result ol a past event. it is probable that a Iransler of economic benefit will be required in settlement, and the amount ol the settlement can be estimated reliably. Liabilities are recognised al the amount that the Charitable Company anlicipales il will pay lo sellle the debt or the amount il has received as advanced payments lor the goods or services it musl provide. Provisions are measured al the best estimate of the amounts requiTed to settle the ob11galion. Where the effect ol the lime value ol money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rale that Teflecls the risks specific lo the liability. The unwinding ol the discount is recognised wrthin interest payable and similar charges. lol Financial instrumenls The Charitable Company only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised al transaction value and subsequ8nlly measured al their selllemgnl value with the exception ol bank loans which are subsequently measured al amortised cost using the ellective interest method. Ip} Pensions The charity operate8 a defined contribution plan lor its employees. A defined contribution plan is a pension plan undèr which the group pays fixed contributions into a separate enlily. Once the contributions have been paid, the charity has no further payment obligations. The contributions are recognised as an expense in the Statement ol Financial Activities when they fall due. Amounts nol paid are shown in accruals as a liability in the Balance Sh8el. The assets ol the plan are held separately from the charity in independently administered funds. 22
THE ARCHIE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- 31 DECEMBER 2025 JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY Eslimales and judgments are continually evaluated and are based on historical experience and other factors. inGluding expectations ol future events that are believed to be reasonable under the GifGUm5tanGes. Critical accounting eslimales and assumptions= The Charitable Company makes estimates and assumptions concerning the future. The resulting accounting esliTnales and assumptions will seldom equal the related actual results. Useful econom life of tangible fixed assets The annual depreciation charge lor tangible fixed assets is sensitive lo changes in the useful economic lives and residual values of the assets. Useful lives and residual values are reassessed annually. They are assessed where necessary lo reflect current eslimales based on economic ulilisalion and physical condition. INCOME FROM DONATIONS AND LEGACIES 2025 2024 Donations and legacies 2,709,903 1.591,334 2.709.903 1.591.334 Allribulable lo funds as lollows.. Unrestricted Reslricled 572,209 2,137,694 950,206 641,128 2.709.903 1,591,334 Included within donations are amounts lolalling £93,02012024'. £74,120) in relation lo donated goods and seNices. 23
THE ARCHIE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- 31 DECEMBER 2025 INCOME FROM OTHER TRADING ACTIVITIES 2025 2024 Fundraising events and m&rchandise 475,741 411,952 475.741 411,952 Attributable lo funds as lollows-. Unreslricled Restricted 194,668 281,073 236,651 175,301 475.741 411.952 INCOME FROM INVESTMENTS 2025 2024 Bank interest r8ceivable 158,979 111.298 Altribulable lo funds as follows.. Unrestricted Restricted 104,483 54,496 111,298 158,979 111,298 EXPENDITURE ON RAISING FUNDS 2025 2024 Cost ol generating donations and legacies Cost ol fundraising events 263,697 93,087 169.881 85,922 356,784 255.803 Attributable to funds as follows.. Unreslricled Reslricled 127.294 229,490 116,611 139,192 356.784 255,803 24
THE ARCHIE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- 31 DECEMBER 2025 EXPENDITURE ON CHARITABLE ACTIVITIES 2025 2024 Direct costs Stall costs Grant funding (note 81 383,367 934,073 337,414 799,900 1,317,440 1,137,314 Support costs Stall costs Depreciation Marketing Eslablishmenl costs Computer and IT Ollice expenditur& Training and recruilmenl Travel and subsistence Audit and accountancy lees Professional tees 1 $8,931 1,359 53.306 5,618 28,320 13,321 1,617 9,105 10,608 32,099 167,014 1,406 18.667 6,179 30,844 12,684 18,292 9,179 10.368 40,534 314,284 315,167 Total 1.631,724 1.452,481 Attributable to funds as follows.. Unrestricted funds Reslricled funds 579,121 1,052,603 643,60d 808,877 1.631,724 1.452.481 25
THE ARCHIE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- 31 DECEMBER 2025 ANALYSIS OF GRANTS lal Current year Direct funding Grant funding 2025 Grants lo inslilutions.. NHS Grampian NHS Tayside NHS Highland 187,842 11,109 24,050 373,114 50,586 174,873 560,956 61,695 198,923 Grants lo inslilulions 223,001 598,573 821,574 Grants lo individuals 112.499 112.499 Total 223,001 711,072 934,073 Ibl Prior year Direct funding Grant funding 2024 Grants lo inslilulions.. NHS Grampian NHS Tayside NHS Highland 142,138 14,654 14,879 417,705 58,212 58,096 559,843 72,866 72,975 Grants lo inslilulions 171,671 534,013 705.684 Grants lo individuals 94,216 94,216 Tolal 171,671 628,229 799,900 26
THE ARCHIE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- 31 DECEMBER 2025 NET MOVEMENT IN TOTAL FUNDS FOR THE YEAR is slated aftercharging.. 2025 2024 Depreciation -owned assets Auditors, remuneration -audit fees 1,359 1,406 10,606 9,960 11,067 11,366 10. STAFF COSTS AND NUMBERS The avorage number ol persons employed by the charity dL¢ring the year was as follows.. 2025 2024 Average number ol employees during the year.. Full lime Part lime 14 12 11 25 23 2025 2024 Staff costs.. Wages and salaries Social security costs Pension costs 680,440 67,268 31,265 583,726 46,556 27.344 778,973 657,626 The numb@i ol erripluygeb wliv reL¥ivetJ ieiiiuiieralion during tlie year iri tlie lu11owii)g iaiiges were.. 2025 No. 2024 £60,000 - £69,999 27
THE ARCHIE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- 31 DECEMBER 2025 10. STAFF COSTS AND NUMBERS Iconlinuedl The average number of key management personnel during the year was 612024 - 51. At the year-end there was a lolal 017 key members ol staff. Key management personnel received remungration, including employer's national insurance conlribLrtions lor their services during the year as follows: 2025 2024 Key management per80nnel 357.381 244,714 11. TRUSTEE REMUNERATION No directors lor any persons connected with them) received any remuneration ol benefits from the company during the current or prior years. During the year expenses of £1,14912024 - £1.1211 were paid lo 412024 21 ol the trustees in relation to travel eosls and charitable èxpenditure. This comprisèd £1,14912024 - £1,121) paid directly lo trustees and £012024 £0} paid lo third parties lor expenses incurred. 12. TANGIBLE FIXED ASSETS Fixtures & fillings Computer equipment Total Cost Al 1 January 2025 14.930 14,930 Al 31 December 2025 14.930 14,930 Depreciation Al 1 January 2025 Charge for year Al 31 December 2025 11.831 1.359 11,831 13.190 13,190 Net book value Al 31 December2025 1,740 1,740 Al 31 Decernber2024 3.099 3,099 28
THE ARCHIE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- 31 DECEMBER 2025 13. FIXED ASSET INVESTMENTS 2025 2024 Investment in subsidiary undertakings The charity nwns 1000l• nl Ihg. issiJAq nrrlinary sh2rA rApitAI I? nrdinary sharAS nl Pl p2rhl nl ARe.HIF Ventures Limited, a company incorporated and registered in Scotland (company number SC4125931, having i(s registered office at 14 Carden Place, Aberdeen. ARCHIE Venlufes Limited was Dormant in the year with net assets ol £1,52712024 - £1,527) DEBTOAS 2025 2024 Trade debtors Other debtors Prepayments 38,863 45,479 14,452 47,428 80,063 11,650 98,794 139,141 15. CREDITORS.. amounts falling due wilhin one year 2025 2024 Trade creditors Amount due to group undertakings Other laxalion and social security costs Accruals and deferred income Other creditOTS 39,945 32,485 17,985 1,241,716 73,521 18.598 1,062,750 142,000 1,373,169 1,255,835 16. FINANCIAL INSTRUMENTS 2025 2024 Financial agsets Financial assets measLJred at amortised cost 4,662,167 3,187.359 29
THE ARCHIE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- 31 DECEMBEFI 2025 17. FUNDS lal Ctjrrent year At1 January 2025 A131 December 2025 Income Expenditu Transfers Restrieted lunds Angela Monica Fund Baird Family Hospital Appeal Dr Gray's Children's Ward Archie al Aberdeen Neonatal Unit Tayside Appeal Highland Appeal Archie Child Bereavement SeNKes 21,291 7.985 12,877 57,195 126,341 358,968 81,576 14,5761 118,8131 11811 188,7151 1221,2261 1394,4501 283, 177 16,715 1,636,382 12.454 34.722 81.016 253.559 51.145 1.647,210 758 66,242 133,044 344,601 157,689 42,857 155.5601 95.057 666,233 2.349,544 11,011,1381 82,354 2.086.993 Othèr restricted funds 453,596 123,719 1270,9551 83,647 390,007 Total r88trlet•d lunds 1,119,829 2.473,263 11,282,093> 166,001 2.477,000 Total deslgnated funds 422.952 33,993 165,8631 297.627 688.709 Total unr•strlet•d funds 391,844 837.367 1640,5521 1463.6281 125,031 Total lund8 1,934,625 3,344.623 11,988,508> 3.290,740 30
THE ARCHIE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS-31 DECEMBER 2025 17. FUNDS Iconlinuedl Ibl Prior year At1 January 2024 At31 December 2024 Inctsmg Expendrturg Transle Restricted fund8 Angela Monica Fund Baird Family Hospital Appeal Dr Gray's Children's Ward Archie al Aberdeen Neonatal Unil Taysid8 App881 HlghlanJ Appeal Highland Appeal- Fresh Air Archie Child Bereavement Services 22.091 18001 121,1211 12,6411 186,3531 1127,0741 1146.6791 117,4791 1241,6371 21.291 7,985 12,877 57,195 126,341 358,968 7,015 1,605 76,595 60,231 229,394 22.091 13,913 116,953 150,254 287.841 7.891 88,716 150.0001 42.930 19,5881 9.588 3Q,050 204,447 81,576 687,659 579,287 1645,7841 45.071 666,233 Oth&r iestricted funds 252,018 2ts7,141 1302.2841 266.721 453,596 Total restrleted lunds 939,677 816,428 1948,0681 311.792 1,119,829 Total designated fvnds 194,050 98,8 1147,0421 2Th.144 422,952 Total unrestricted lund8 394,598 1,199,356 1613,1741 1588.9361 391,844 Total fund¥ 1.528,325 2,114,584 11.708.284) 1,934,625 31
THE ARCHIE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- 31 DECEMBER 2025 17. FUNDS Icontinuedl Restricted funds are specifically lor departments or cases and can only be used for that specified fund. The most significant funds are used lor the following purposes: Angela Mon8 Fund This fund was sel up lor the reslricled purposes of supporting children with clubfool andlor research into clubfool. Baird Family Hospital Appeal The Baird Family Hospital Appeal was launched in October 2019 to raise funds lorthe Neonatal and Malernity unrts al the new family hospital al Aberdeen Floyal Infirmary. Dr Gray's Children s Ward This relates to fundraising for the refurbishment of the children'8 ward at Dr Gray s Hospital in Elgin. Archie at Aberdeen Neonatal Unit These funds are lo be used lo promote the eslablishmenl, maintenance and management ol a continuing support group lo parents, in Grampian and environs, with babies in the Special Nursery al Aberdeen Maternity Hospital. Tayside Appeal These are funds that have a reslricled purpose lor supporting specific projects or activities in Tayside. Highland Appeal These are funds that have a ieslricled purpose for supporting specific projects or aclivf(ies in Highland. HighlandAppeal- Fresh Air This appeal was sel up lo create outdoor space and play areas al the Children's Highland Unil al Aaigmore. Archie Child Bereavement se1c8s This is a reslricled fund with the purpose ol providing bereaved children and their families, NHS Stall and Schools with help and support when dealing with a b8reavament. Support can be the provision ol specialist bereavement books, dedicated volunteer visits and activity days lor children and training and conferences lor NHS stall, professionals from Social Work and other third sector, schools and volunteer bereavemeTIt respondeis. 32
THE ARCHIE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- 31 DECEMBER 2025 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS lal Current year Unreslricled lunds Reslricled funds Total Funds Fixed assets 1,742 811.998 1,742 3,288.996 Nel currerrt assets 2,477,000 813,740 2,477,000 3,290,740 Prbor year Fixed assets Nel current assets 3,101 811,695 3.101 1,937,524 1,119,829 814,796 1,119,829 1,934,625 19. RECONCILIATION OF NET MOVEMENT IN FUNDSTO NET CASH FLOW FROM OPERATING ACTIVITES 2025 2024 Nel incomellexpenditurel lor the year las pgr statement of financial acliviliesl Adjustment for- Depreciation charges Interest received Decrease in debtors Increase/ldecreasel in creditors 1,356,115 406,300 1,359 {158,9791 40.347 117,334 1,406 1111,2981 1101,6831 243,934 Nel cash flows used in operating activities 1.356,176 436,659 20. RELATEO PARTY TRANSACTIONS Throughout the year the Charitable Company was controlled by th8 Board ol Trustegs. In 2024 the husband of one ol the trustees was employed, receiving remurieration of £3,301 from the Charity. This employee retired in February 2024 and therefore no remuneration was received in 2025. During the year expenses of £1,14912024 - £1.1211 was paid lo 412024 - 21 ol th8 Irusleos in relation to charitable expenditure. This comprised of £1,14912024- £1,121) being paid directly lo liuslees and £012024 £01 paid lo third parties lor expenses incurred. 21. LEGAL STATUS The Archie Foundation is a company limited by guarantee and not having a share capital. The members, liability in the event ol windinq up is limited by quaranlee nol exceedinq £1 per member. 33