| Index | ||||
|---|---|---|---|---|
| ~Pa e | ||||
| Report ofthe Directors | for the year ended 31 | March 2022 | 1-6 | |
| Independent Auditors' |
Report to the trustees | and members | ofthe Anchor Foundation | |
| Statement of Financial | Activities | |||
| Balance Sheet | 12 | |||
| Notes to the Financial | Statements |
| 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 | |||||||
| Registered | Office: | Mowbray | House, Castle Meadow Road, | Nottingham, | NG2 | 1BJ | ||||
| Auditors: | Dickson | Middleton, 20 Bamton Street, Stirling, |
FK8 1NE. | |||||||
| Bankers: | Bank of | Scotland, 7/13 Port | Street, Stirling. | |||||||
| Epworth | Investment Management Ltd, 9 |
Bonhill | Street, | London. | ||||||
| investment | Manager. | Brewin | Dolphin Limited, |
Sixth Floor, |
Atria | One, | 144 | Morrison | Street | |
| Edinburgh, EH3 8EX |
| The Anchor Foundation | The Anchor Foundation | The Anchor Foundation | ||||
|---|---|---|---|---|---|---|
| STATEMENT of FINANCIAL ACTIVITIES | ||||||
| forthe year to 31 March 2022 | ||||||
| Note | 2022 | 2021 | ||||
| INCOMING RESOURCES | ||||||
| Incoming resources from | generated | funds | ||||
| Investment Income |
205,314 | 199,077 | ||||
| Total Incoming Resources | 205,314 | 199,077 | ||||
| RESOURCES EXPENOED | ||||||
| Cost ofgenerating funds |
37,945 | 34,078 | ||||
| Charitable activities |
245,975 | 245,906 | ||||
| Governance costs |
3,675 | 3,964 | ||||
| Total Resources Expended | 287,595 | 283,948 | ||||
| Net Outgoing Resources before other recognised |
||||||
| gains &losses | (82,281) | (84,871) | ||||
| Gains &losses on disposal and revaluation | of | |||||
| investment assets: |
||||||
| -Realised gain / (loss) on disposals |
531,900 | 250,205 | ||||
| Net (Outgoing)/Incoming | Resources | for the | year | 449,619 | 165,334 | |
| - Unrealised (loss)/gain on revaluation |
(33,856) | 1,375,820 | ||||
| Net Movement in Funds |
415,763 | 1,541,154 | ||||
| Funds brought forward |
8,664,910 | 7,123,756 | ||||
| Funds carried forward | 9,080,673 | 8,664,910 |
| The Anchor Foun | dation | |||
|---|---|---|---|---|
| BALANCE SHEET | ||||
| as at 31 March 2022 | ||||
| Note | 2022 | 2021 | ||
| F | ||||
| FIXEDASSETS | ||||
| Investments | 8,762,259 | 8,301,444 | ||
| CURRENT ASSETS | ||||
| Debtors | 306 | 687 | ||
| Cash at bank and in | hand | 323,189 | 369,443 | |
| 323,495 | 370,130 | |||
| CURRENT LIABILITIES- | ||||
| Creditors: amounts |
falling due within one year | 10 | (5,081) | (6,664) |
| NET CURRENT ASSETS | 318,414 | 363,466 | ||
| NET ASSETS | 9,080,673 | 8,664,910 | ||
| Represented by: |
||||
| UNRESTRICTED FUNDS- | ||||
| Capital Funds | 8,974,969 | 8,514,807 | ||
| Revenue Funds |
105,704 | 150,103 | ||
| NET FUNDS | 9,080,673 | 8,664,910 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| f. | f. | ||||||
| Income from listed | investments | 205,169 | 197,900 | ||||
| interest income | 145 | 1,177 | |||||
| 205,314 | 199,077 | ||||||
| Surplus/(deficit) | forthe year | ||||||
| The surplus/(deficit) | for | the year is stated after charging- | |||||
| 2022 | 2021 | ||||||
| Board of Directors | and | Members costs | |||||
| Auditor's remuneration |
|||||||
| -Audit services | 2,400 | 2,610 | |||||
| -Other services | 210 | 210 | |||||
| Total resources | expended | ||||||
| Other | Grant | Total | Total | ||||
| Costs | Funding | 2022 | 2021 | ||||
| 'E | |||||||
| Cost ofgenerating | funds | ||||||
| Investment manager's |
fees | 37,945 | 37,945 | 34,078 | |||
| Charitable Activities |
|||||||
| Grant Funding ofActivities (see Note 5) | 238,736 | 238,736 | 237,172 | ||||
| Support Costs | 7,239 | - | 7,239 | 8,734 | |||
| 7239 | 238,736 | 245,975 | 245906 | ||||
| Governance Costs |
3,675 | 3,675 | 3,964 |
| 5. Grants paid to |
o | rgani | sations in year: |
||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Organisation Name |
f. | ||||||
| Raising Futures | 3,980 | 3,290 | |||||
| YADA | 5,000 | 5,000 | |||||
| Intercultural Churches |
3,000 | 3,000 | |||||
| Five Talents UK |
3,500 | ||||||
| The Surf Project | 5,000 | ||||||
| Forest of Dean Linking | Lives | 4,000 | |||||
| Mount Merrion Church | 4,500 | ||||||
| Caring for Life | 4,000 | ||||||
| Fountain of Life Ministries | 7,000 | ||||||
| Embrace the Middle East | 4,000 | ||||||
| StPetroc's Church | 7,000 | ||||||
| Samaritan's Purse UK |
4,000 | ||||||
| Missio Africanus | 5,000 | ||||||
| Junction 12 | 3,500 | ||||||
| Ruchazie Parish Church of Scotland | 3,000 | ||||||
| The Exodus Project | 1,400 | ||||||
| Create Hope | 5,000 | ||||||
| Transforming Lives for |
Good | (TLG) Ltd | 7,000 | ||||
| Saltmine Trust | 7,500 | ||||||
| People International | 2,500 | ||||||
| Ethiopia Medical Project (EMP) | 5,717 | ||||||
| Wintershall CIO |
3,000 | ||||||
| Middle East Media | 5,729 | ||||||
| Haven Project Liverpool | 3,700 | ||||||
| Christ of Lord Church | 2,750 | ||||||
| Revolution Youth |
5,000 | ||||||
| Arise Counselling Service |
3,000 | ||||||
| Windsor Hill Wood |
3,000 | ||||||
| St Luke*s Lighthouse | Church | 4,000 | |||||
| ACT | 7,000 | ||||||
| Choices lslington | 4,500 | ||||||
| Oak Church | 2,500 | ||||||
| Health and Hope UK | 5,000 | ||||||
| Life in Community | 5,000 | ||||||
| The Matrix Church | 4,000 | ||||||
| Overtoun House |
4,000 | ||||||
| Gate Church | 3,000 | ||||||
| Ignite | 5,000 | ||||||
| Sewing2Gether All Nations |
2,000 | ||||||
| Third Hope | 7,200 | ||||||
| Discovering Prayer |
4,000 | ||||||
| Restorative Justice Imitative | Mids | 3,300 | |||||
| Comfort International | 3,000 | ||||||
| Scottish Bible Society | 2,000 | ||||||
| St. Rollox Church | 3,000 | ||||||
| Knockbreda Methodist |
Church | 4,100 | |||||
| Lancaster Methodist | Chruch | 4,860 | |||||
| St.George's Crypt | 5,000 | ||||||
| Blue Sky Trust | 4,000 | ||||||
| The Pelham CIO | 3,500 | ||||||
| Theological Education |
South | Sudan | 20,000 | ||||
| Kayenge Primary School |
3,500 | ||||||
| Fischy Music | 10,000 | ||||||
| Kaima Christian Trust |
4,000 | ||||||
| Music for You | -15- | 1,000 |
| for the year ended 3 | for the year ended 3 | 1March 2022 | 1March 2022 | |||
|---|---|---|---|---|---|---|
| 5. Grants paid to |
organisations | in year {continued): | ||||
| 2022 | 2021 | |||||
| Organisation Name |
||||||
| Holyrood House |
3,000 | |||||
| Via Wings | 4,000 | |||||
| Urban Crofetrs | 4,000 | |||||
| CRESS | 4,000 | 4,000 | ||||
| The Toybox Charity | 4,000 | |||||
| Newburgh Wellbeing |
Choir | 2,000 | ||||
| ACT | 3,700 | |||||
| Rise 61 | 5,000 | |||||
| StCatherine's College |
3,500 | |||||
| New Life Wood | 3,000 | |||||
| Pensam Harbour |
3,500 | |||||
| Orchard s | 3,500 | |||||
| Byond the Streets | 3,000 | |||||
| Steyning Downland |
Scheme | 9,000 | ||||
| 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) | 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 | |||||
| Welcome Churches | 5,000 | |||||
| Univida | 7,000 | |||||
| Feel Good Community | 7,000 | |||||
| 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 |
Devit | 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 | 238,736 | 237,172 |
| ixed Asset Investments | |||
|---|---|---|---|
| Equities | Total | ||
| Market value at 1April 2021 | 8,301,444 | 8,301,444 | |
| Acquisitions at cost |
1,887,776 | 1,887,776 | |
| Disposals at cost | (1,393,105) | (1,393,105) | |
| Change in market value |
in the period | 33,856 | 33,856 |
| Market value at 31March 2022 | 8,762,259 | 8,762,259 | |
| Historical cost: | |||
| At 31 March 2022 | 6,604,470 | 6,604,470 | |
| At 31 March 2021 | 6,110,824 | 6,110,824 |
| 9. | Debtors: Amounts | falling due within one year | falling due within one year | 2022 | 2021 |
|---|---|---|---|---|---|
| Prepayments | 306 | 687 | |||
| 687 | |||||
| 10. | Creditors: Amounts | falling due within one year | 2022 | 2021 | |
| F | |||||
| Accruals | 5,081 | 6,664 | |||
| 5,081 | 6,664 |
| Unrestricted | Unrestricted | 2022 | 2021 | ||
|---|---|---|---|---|---|
| Capital | Revenue | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| Fixed asset investments | 8,762,259 | 8,762,259 | 8,301,444 | ||
| Current | assets | ||||
| Debtors | 306 | 306 | 687 | ||
| Cash at | bank and in hand | 212,710 | 110,479 | 323,189 | 369,443 |
| 212,710 | 110,785 | 323,495 | 370,130 | ||
| Current | liabilities | 5,081 | 5,081 | 6,664 | |
| Net current assets | 212,710 | 105,704 | 318,414 | 363,466 | |
| Net Assets/Funds | 8,974,969 | 105,704 | 9,080,673 | 8,664,910 |