| Pa&ass | |||
|---|---|---|---|
| Report ofthe Directors | for the year ended 31 March 2021 | 1-6 | |
| Independent Auditors' |
Report to the trustees and members | ofthe Anchor Foundation | 7-10 |
| Statement ofFinancial | Activities | ||
| Balance Sheet | 12 | ||
| Notes to the Financial | Statements | 13-18 |
| Reference and admin | Reference and admin | istrative information |
istrative information |
|||||
|---|---|---|---|---|---|---|---|---|
| Charity name: | The Anchor Foundation | |||||||
| Charity number: | Scottish | Charity Registration No. SC039258 |
||||||
| England | and Wales Charity Registration | No. 1082485 | ||||||
| Company | number: | 04057661 | ||||||
| Company | Secretary: | Heather A McPherson (appointed February 2021) |
||||||
| Catherine | L. Middleton (retired February |
2021) | ||||||
| Registered | Office: | Mowbray | House, Castle Meadow Road, | Nottingham, | NG2 1BJ | |||
| Auditors: | Dickson | Middleton, 20 Bamton Street, Stirling, |
FKS 1NE. | |||||
| Bankers: | Bank ofScotland, 7/13Port Street, Stirling. | |||||||
| Epworth | Investment Management Ltd, 9 |
Bonhill | Street, | London. | ||||
| Investment | Manager: | Brewin | Dolphin Limited, Sixth Floor, |
Atria | One, | 144 Morrison | Street | |
| Edinburgh, | EH3 SEX |
| The Anchor Foundation | The Anchor Foundation | The Anchor Foundation | ||||
|---|---|---|---|---|---|---|
| STATENIENT of FINANCIAL ACTIVITIES | ||||||
| forthe year to 31 March 2021 | ||||||
| Note | 2021 | 2020 | ||||
| INCOMING RESOURCES | ||||||
| Incoming resources from |
generated | funds | ||||
| Investment Income |
199,077 | 253,110 | ||||
| Total Incoming Resources | 199,077 | 253,110 | ||||
| RESOURCES EXPENDED | ||||||
| Cost ofgenerating funds |
34,078 | 35,045 | ||||
| Charitable actMties |
245,906 | 247,798 | ||||
| Governance costs |
3,964 | 4,283 | ||||
| Total Resources Expended | 283,948 | 287,126 | ||||
| Net Outgoing Resources gains Slosses |
before other recognised | (84,871) | (34,016) | |||
| Gains Llosses on disposal and revaluation | of | |||||
| investment assets: |
||||||
| -Realised gain / (loss) on disposals | 250,205 | 103,130 | ||||
| Net (Outgoing)/Incoming | Resources | forthe | year | 165,334 | 69,114 | |
| - Unrealised (loss)/gain on revaluation |
1,375,820 | (761,164) | ||||
| Net Movement in Funds |
1,541,154 | (692,050) | ||||
| ,Funds brought forward |
7,123,756 | 7,815,806 | ||||
| Funds carried forward | 8,664,910 | 7,123,756 |
| ALANCE SHEET s at 31 llllarch 2021 |
||||
|---|---|---|---|---|
| Note | 2021 | 2020 | ||
| 6 | 6 | |||
| FIXEDASSETS | ||||
| Investments | 8,301,444 | 6,705,676 | ||
| CURRENT ASSETS | ||||
| Debtors | 687 | 374 | ||
| Cash at bank and in | hand | 369,443 | 422,165 | |
| 370,130 | 422,539 | |||
| CURRENT LIABILITIES- | ||||
| Creditors: amounts |
falling due within one year | 10 | 6,664) | (4,459) |
| NET CURRENT ASSETS | 363,466 | 418,080 | ||
| NET ASSETS | 8,664,910 | 7,123,756 | ||
| Represented by: |
||||
| UNRESTRICTED FUNDS- | ||||
| Capital Funds | 8,514,807 | 6,964,243 | ||
| Revenue Funds |
150,103 | 159,513 | ||
| NET FUNDS | 8,664,910 | 7,123,756 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Income from listed investments | 197,900 | 250,726 | |||||
| Interest income | 1,177 | 2,384 | |||||
| 199,077 | 253,110 | ||||||
| Surplus/(deficit) | forthe year | ||||||
| The surplus/(deficit) | for | the year is stated after charging- | |||||
| 2021 | 2020 | ||||||
| 5 | |||||||
| Board of Directors and | Members costs | 550 | |||||
| Auditor's remuneration |
|||||||
| —Audit services | 1,220 | 1,180 | |||||
| - Other services | 1,600 | 1,550 | |||||
| Total resources | expended | ||||||
| Other | Grant | Total | Total | ||||
| Costs | Funding | 2021 | 2020 | ||||
| 5 | 6 | F | 6 | ||||
| Cost ofgenerating | funds | ||||||
| Investment manager's |
fees | 34,078 | 34078 | 35045 | |||
| Charitable Activities |
|||||||
| Grant Funding ofActivities (see Note 5) |
237,172 | 237,172 | 238,770 | ||||
| Support Costs | 8,734 | - | 8,734 | 9,028 | |||
| 8,734 | 237,172 | 245 906 | 247798 | ||||
| Governance Costs |
3,964 | 3,964 | 4,283 |
| forthe year ended 3 | 1 March 2021 | 1 March 2021 | 1 March 2021 | |||
|---|---|---|---|---|---|---|
| 5. Grants paid to |
organisations | in year: | ||||
| 2021 | 2020 | |||||
| Organisation Name |
F | E | ||||
| International Christian |
Consulate | 5,000 | ||||
| StJames Episcopal Church | Leith | 3,000 | ||||
| Rural Extension forAfrica's Poor | 4,600 | |||||
| West End Impact | 6,250 | |||||
| Kayenge Primary School |
3,500 | |||||
| Embracing Age |
5,000 | |||||
| Fischy Music | 10,000 | |||||
| Five Talents UK | ||||||
| A Way Out | 5,000 | |||||
| West London Mission |
3,000 | |||||
| Kaima Christian Trust |
4,000 | |||||
| Baby Basics | 5,000 | |||||
| Mustard Tree | 7,500 | |||||
| Narthex Sparkhill | 4,000 | |||||
| Bridge Project | 5,000 | |||||
| Music forYou | 1,000 | |||||
| The Surf Project | 7,000 | |||||
| Maryhill Parish Church |
7,000 | |||||
| Forest ofDean Linking | Lives | 5,280 | ||||
| St Marys Youth Project | 3,000 | |||||
| Sheffield Methodist Church |
2,000 | |||||
| Refugee Support Network | 7,000 | |||||
| East Midlands Christian |
Fellowship | 3,000 | ||||
| Mission India | 4,200 | |||||
| Christian Solidarity Worldwide |
5,000 | |||||
| Holyrood House |
3,000 | |||||
| Via Wings | 4,000 | 4,000 | ||||
| Welcome Churches | 7,000 | |||||
| Mount Merrion Church | 5,000 | |||||
| Life in Abundance International |
4,000 | |||||
| Sailors Society | 7,500 | |||||
| Across Pilgrimages | 9,440 | |||||
| Harbour Counselling Service |
5,000 | |||||
| Urban Crofetrs | 4,000 | |||||
| CPAS | 1,000 | |||||
| PramaLife | 7,000 | |||||
| The Oasis Centre —East Manchester | 3,000 | |||||
| Innervation Trust Ltd —IsingPOP |
4,800 | |||||
| Riding Lights Theatre |
Company | 9,200 | ||||
| CRESS | 4,000 | |||||
| Microloan Foundation |
5,000 | |||||
| The Toybox Charity | 4,000 | 5,000 | ||||
| Caring for Life | 5,000 | |||||
| Castlemilk Parish Church |
7,500 | |||||
| Regenerate | 4,500 | |||||
| Llandudno Youth for Christ |
5,500 | |||||
| Bethel Community Church |
4,000 | |||||
| Newburgh Wellbeing |
Choir | 2,000 | ||||
| Canaan Project |
3,000 | |||||
| The Well Multi-Cultural | Resource Centre | 5,000 |
| 5. Grants paid |
to | organ | isations in year (continued): |
||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Organisation Name |
6 | 5 | |||
| Hope Into Action | 3,000 | ||||
| ACT | 3,700 | ||||
| Rise 61 | 5,000 | ||||
| StCatherine's College |
3,500 | 8,000 | |||
| Raising Futures | 3,290 | ||||
| New Life Wood | 3,000 | ||||
| Pensam Harbour |
3,500 | ||||
| Orchards | 3,500 | ||||
| StLuke's Holbeck | 5,000 | ||||
| Byond the Streets | 3,000 | ||||
| Steyning Downland |
Scheme | 9,000 | |||
| 4Front Theatre | 3,000 | ||||
| YADA | 5,000 | ||||
| Youthscape | 3,000 | ||||
| Street Connect | 2,500 | ||||
| Restore Hope | 2,000 | ||||
| Shawlands Trinity Church |
2,000 | ||||
| Jacobs Well | 8,000 | ||||
| Swandlicote YFC | 4,000 | ||||
| St Pauls Nottingham | 1,000 | ||||
| Lichfield Cathedral | 3,500 | ||||
| Church Army Northern | Ireland | 3,500 | |||
| Congo Initiative | 5,000 | ||||
| StJohn ofGod Association, | Malawi | 4,000 | |||
| Colossians Three Sixteen | 4,000 | ||||
| Intercultural Charches |
3,000 | ||||
| Welcome Churches | 5,000 | ||||
| Univida | 7,000 | ||||
| Feel Good Community | 7,000 | 7,500 | |||
| Youth for Christ | 8,000 | ||||
| Anchor Church | 7,000 | ||||
| One Body One Faith | 5,000 | ||||
| Bridge Project | 5,000 | ||||
| Hope for Justice | 4,000 | ||||
| Glasgow City Mission |
3,000 | ||||
| Cross Project | 1,000 | ||||
| Walk | 352 | ||||
| Hope St Mellons | 6,130 | ||||
| Across | 9,800 | ||||
| Charlene's Project |
4,000 | ||||
| Anglican International |
Davit | 4,900 | |||
| Hope Counselling | 2,500 | ||||
| St Swithin's Lincoln |
7,500 | ||||
| STEP | 5,000 | ||||
| Street Teams | 4,000 | ||||
| iSing POP | 4,000 | ||||
| Lighthouse Homes |
3,000 | ||||
| Douglas MacMillan |
Hospice | 2,500 | |||
| Art Action UK | 2,000 | 2,000 | |||
| Passion Art | 2,000 | 2,000 | |||
| Total grants paid | 237,172 | 238,770 |
| . | Fixed Asset investm | ents | |||
|---|---|---|---|---|---|
| Equities | Total | ||||
| 6 | |||||
| Market value at 1 April 2020 | 6,705,676 | 6,705,676 | |||
| Acquisitions at cost |
1,473,014 | 1,473,014 | |||
| Disposals at cost | (1,253,066) | (1,253,066) | |||
| Change in market value |
in the period | 1 375,820 | 1 375,820 | ||
| Market value at 31 | March 2021 | 8,301,444 | 8,301,444 | ||
| Historical cost: | |||||
| At 31 March 2021 | 6,110,824 | 6,110824 | |||
| At 31 March 2020 | 5,891,287 | 5,891,287 | |||
| 9. | Debtors: Amounts | falling due within one year | 2021 | 2020 f |
|
| Prepayments | 687 | 374 | |||
| 687 | 374 | ||||
| 10. | Creditom: Amounts | falling due within one year | 2021 | 2020 | |
| F | |||||
| Accruals | 6,664 | 4,459 | |||
| 6,664 | 4,459 |
| FUNDS | ANALYSIS ofThe Anchor | Foundation at 31 March 2021 |
Foundation at 31 March 2021 |
||
|---|---|---|---|---|---|
| Unrestricted | 2021 | 2020 | |||
| Capital | Revenue | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| F | 6 | ||||
| Fixed asset investments | 8,301,444 | 8,301,444 | 6,705,676 | ||
| Current | assets | ||||
| Debtors | 687 | 687 | 374 | ||
| Cash at | bank and in hand | 213,363 | 156,080 | 369,443 | 422,165 |
| 213,363 | 156,767 | 370,130 | 422,539 | ||
| Current | liabilities | 6,664 | 6,664 | 4,459 | |
| Net current assets | 213,363 | 150,103 | 363,466 | 418,080 | |
| Net Assets/Funds | 8,514,807 | 150,103 | 8,664,910 | 7,123,756 |