| ~acaee | ||||
|---|---|---|---|---|
| Report of the Directors | for the year ended 31 | March 2023 | 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 |
| Report ofthe Directors | Report ofthe Directors | for the year ended 31 March 2023 | for the year ended 31 March 2023 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| The Directors of The Anchor |
Foundation have pleasure in presenting |
their annual | report | and the | audited | ||||
| financial statements |
for the year ended 31 March 2023. In preparing this report the |
Directors have complied | |||||||
| with the Companies |
Act 2006, the Accounting and Reporting |
by Charities | Statement | of | Recommended | ||||
| Practice (SORP 2015)and applicable accounting standards. |
|||||||||
| Reference and administrative 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 Barnton 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 |
| eport ofthe Direct | ors for the ye | ar ended 31 March 2023 (continued) | |
|---|---|---|---|
| Children on the Edge |
Feed the Poor programme | ||
| Across | Transporting pilgrims with complex needs to Lourdes |
||
| Sailors' Society | Staff costs in relation to supporting seafarers, families 8 communities |
||
| Mosaic Middle East | Workshops to support Christian refugees |
||
| Turning Tides | Towards salary costs of leader to provide useful life skills to former/current homeless |
||
| Central Tanganyika Diocesan Trust (CTDT) |
Agricultural trainers to develop subsistence farming |
||
| Safe Families for Children | Support to struggling families to prevent children going into |
||
| care | |||
| Dyffryn Clwyd Mission |
Area | Pilgrim art trail | |
| Univida | Dance, music, arts 8 pastoral care for children who have experienced trauma |
||
| Feel Good Community | Events | Healing the Identity Groups for women in sex industry, vulnerable students 8 black 8 Asian minority groups |
|
| Strength 8 Stem Ltd. | Employability 8 self development programme for female survivors of modem slavery |
||
| St.Catherine's College |
School | Setting up school garden to grow staple foodstuffs to feed vulnerable children and their families |
|
| For the Love ofa Child | Dramatherapy for Syrian refugee children |
||
| Flourish | Mentoring for girls aged 11-18to improve self esteem and |
||
| mental and emotional wellbeing |
|||
| Transforming Lives for |
Good | Emotional Literacy curriculum to support disadvantaged people excluded from mainstream school |
young |
| Bognor Regis Baptist Church | The Haven wellbeing project |
||
| A Rocha UK | Programme to restore threatened habitats &species |
||
| Wintershall CIO |
Passion ofJesus play on Good Friday 2023 | ||
| The Hope Trust Oxford | Life skills manager 8 debt coach to support debt centre manager |
||
| Spitalfields Crypt Trust |
Staffing for art studio for people experiencing homelessness/addiction |
| Flying for Life | Medical outreach to isolated communities |
||||
|---|---|---|---|---|---|
| Kintsugi Hope |
Development manager to expand Wellbeing Groups |
||||
| Chaiya Trust/Chaiya | Art Awards | Installation &curation ofwinning artwork in exhibition |
venue | ||
| British Youth for | Christ | Production costs of Christian rap 8 gospel music videos aimed |
|||
| at young people in deprived inner city areas |
|||||
| Equipping local churches to share gospel with new audiences, |
|||||
| Truth be Told - Storytelling | for Life | tackle isolation, improve wellbeing and build intergenerational |
|||
| communities through storytelling 8, song |
|||||
| Imago Dei Prison | Ministry | Free to Becourses in women's prisons |
|||
| The Junction 42 | Foundation | Stories of Hope - prison packs art materials | |||
| Family Support Work | Family Support Practitioner to support families at risk isolation and disadvantage |
of | |||
| ACT | Back to Work project for ex-prisoners/homeless |
| The Anchor Foundation | The Anchor Foundation | ||||||
|---|---|---|---|---|---|---|---|
| STATEMENT of FINANCIAL | ACTIVITIES | ||||||
| forthe year to 31March 2023 | |||||||
| Note | 2023 | 2022 | |||||
| INCOMING RESOURCES | |||||||
| Incoming resources from | generated | funds | |||||
| Investment Income |
234,495 | 205,314 | |||||
| Total incoming Resources |
234,495 | 205,314 | |||||
| RESOURCES EXPENDED | |||||||
| Cost ofgenerating funds |
36,582 | 37,945 | |||||
| Charitable activities |
285,316 | 245,975 | |||||
| Governance costs |
3,150 | 3,675 | |||||
| Total Resources Expended | 325,048 | 287,595 | |||||
| Net Outgoing Resources before other recognised |
|||||||
| gains &losses | (90,553) | (82,281) | |||||
| Gains &losses on disposal | and revaluation | of | |||||
| investment assets: |
|||||||
| - Realised gain / (loss) on disposals | 351,712 | 531,900 | |||||
| Net (Outgoing)/Incoming | Resources | for the | year | 261,159 | 449,619 | ||
| - Unrealised (loss)/gain on revaluation |
(855,572) | (33,856) | |||||
| Net Movement in Funds |
(594,413) | 415,763 | |||||
| Funds brought forward |
9,080,673 | 8,664,910 | |||||
| Funds carried forward | 8,486,260 | 9,080,673 |
| ALANCE SHEET s at 31 March 2023 |
||||
|---|---|---|---|---|
| Note | 2023 | 2022 | ||
| FIXEDASSETS | ||||
| Investments | 8,189,226 | 8,762,259 | ||
| CURRENT ASSETS | ||||
| Debtors | 373 | 306 | ||
| Cash at bank and in | hand | 301,692 | 323,189 | |
| 302,065 | 323,495 | |||
| CURRENT LIABILITIES- | ||||
| Creditors: amounts |
falling due within one year | 10 | (5,031) | 5,081 |
| NET CURRENT ASSETS | 297,034 | 318,414 | ||
| NET ASSETS | 8,486,260 | 9,080,673 | ||
| Represented by: |
||||
| UNRESTRICTED FUNDS- | ||||
| Capital Funds | 8,396,860 | 8,974,969 | ||
| Revenue Funds |
89,400 | 105,704 | ||
| NET FUNDS | 8,486,260 | 9,080,673 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| F | ||||||||
| Income from listed | investments | 231,397 | 205,169 | |||||
| Interest income | 3,098 | 145 | ||||||
| 234,495 | 205,314 | |||||||
| Surplus/(deficit) | for | the year | ||||||
| The surplus/(deficit) | for | the year is stated after charging- | ||||||
| 2023 | 2022 | |||||||
| E | ||||||||
| Board of Directors | and | Members costs | ||||||
| Auditor's remuneration |
||||||||
| -Audit services | 2,310 | 2,400 | ||||||
| -Other services | 210 | 210 | ||||||
| Total resources | expended | |||||||
| Other | Grant | Total | Total | |||||
| Costs | Funding | 2023 | 2022 | |||||
| Cost of generating | funds | |||||||
| Investment manager's |
fees | 36,582 | 36,582 | 37,945 | ||||
| Charitable Activities |
||||||||
| Grant Funding ofActivities (see Note 5) |
275,852 | 275,852 | 238,736 | |||||
| Support Costs | 9,464 | - | 9,464 | 7,239 | ||||
| 9,464 | 275,852 | 285,316 | 245,975 | |||||
| Governance Costs |
3,150 | 3,150 | 3,675 |
| 5. Grants paid to |
orga | nisa | tions | in year: | ||||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||
| Organisation Name |
||||||||
| Junction 12 | 2,000 | 3,500 | ||||||
| Wintershall CIO |
7,500 | 3,000 | ||||||
| ACT | 5,000 | 7,000 | ||||||
| Urban Crofters | 4,000 | |||||||
| StCatherine's College |
6,000 | |||||||
| Univida | 7,000 | |||||||
| Feel Good Community | 7,000 | |||||||
| Across | 7,600 | |||||||
| Willowfield Parish Community |
Assoc | iation | 5,000 | |||||
| Inspiring Ipswich |
4,000 | |||||||
| EMMS International | 3,000 | |||||||
| Chamwood 20:20(Twenty |
Twenty) | 4,000 | ||||||
| Azalea | 6,000 | |||||||
| Margaret Clithrow Trust |
4,000 | |||||||
| Colossians Three Sixteen Trust | 4,000 | |||||||
| Cornerstone House |
400 | |||||||
| Emerge (UK) | 5,000 | |||||||
| Lindley Educational Trust |
5,000 | |||||||
| The House on the Comer Communi | ty Project | 3,000 | ||||||
| Edinburgh City Mission |
3,000 | |||||||
| Springs Dance Company | 7,000 | |||||||
| Anchor Church | 2,000 | |||||||
| Children on the Edge |
5,000 | |||||||
| Anglican International |
Development | 4,900 | ||||||
| Sailors' Society | 7,872 | |||||||
| Parish Church | 500 | |||||||
| Morphe Arts | 3,000 | |||||||
| Mosaic Middle East | 5,000 | |||||||
| Turning Tides | 5,000 | |||||||
| Central Tanganyika Diocesan |
Trust | 6,000 | ||||||
| Nicodemus | 2,080 | |||||||
| A Way Out | 4,000 | |||||||
| Safe Families for Children | 7,500 | |||||||
| Jairah Funds | 2,000 | |||||||
| Dyffryn Clwyd Mission |
Area | 5,000 | ||||||
| Emmanuel Group of Churches |
500 | |||||||
| Romanian Ministries |
2,500 | |||||||
| Strength &Stem |
10,000 | |||||||
| St. Anne's Church |
1,000 | |||||||
| For the Love ofa Child | 7,000 | |||||||
| Flourish | 7,000 | |||||||
| Turning the Tide, UK |
3,000 | |||||||
| Transforming Lives for Good |
4,000 | |||||||
| Bognor Regis Baptist Church | 7,000 | |||||||
| Searchlight Scotland |
3,000 | |||||||
| A Rocha UK | 5,000 | |||||||
| The Hope Trust Oxford | 8,000 | |||||||
| Spitatfields Crypt Trust |
5,000 | |||||||
| Flying for Life | 8,000 | |||||||
| Kintsugi Hope |
7,500 | |||||||
| Just-Ice Poynton | 4,000 | |||||||
| Chaiya Trust/Art Awards |
5,000 | |||||||
| British Youth for Christ | 5,000 | |||||||
| Truth be Told —Storytelling | for | Life | 8,000 | |||||
| Imago Die Prison Ministry |
6,000 | |||||||
| The Junction 42 Foundation | 5,000 | |||||||
| -15- |
| for the year ended 31 | for the year ended 31 | March 2023 | March 2023 | March 2023 | |||
|---|---|---|---|---|---|---|---|
| 5. Grants paid to |
organisations | in year (continued): | |||||
| 2023 | 2022 | ||||||
| Organisation Name |
|||||||
| Family Support Work | 5,000 | ||||||
| Raising Futures | 3,980 | ||||||
| YADA | 5,000 | ||||||
| Intercultural Churches |
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 | ||||||
| St Petroc's Church | 7,000 | ||||||
| Samaritan's Purse UK |
4,000 | ||||||
| Missio Africanus | 5,000 | ||||||
| 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 | ||||||
| Middle East Media | 5,?29 | ||||||
| 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 | |||||
| Choices Islington | 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 Initiative |
Mids | 3,300 | |||||
| Comfort International | 3,000 | ||||||
| Scottish Bible Society | 2,000 | ||||||
| St. Rollox Church | 3,000 | ||||||
| Knockbreda Methodist |
Church | 4,100 | |||||
| Lancaster Methodist | Church | 4,860 | |||||
| St. George's Crypt | 5,000 | ||||||
| Blue Sky Trust | 4,000 | ||||||
| The Pelham CIO |
3,500 | ||||||
| Theological Education |
South | Sudan | 20,000 | ||||
| CRESS | 4,000 | ||||||
| St Pauls Nottingham | (1,000) | ||||||
| Art Action UK | 2,000 | ||||||
| Passion Art | 2,000 | ||||||
| Total grants paid | 275,852 | 238,736 |
| . | Fixed Asset Investm | ents | |||
|---|---|---|---|---|---|
| Equities | Total | ||||
| Market value at 1 April 2022 | 8,762,259 | 8,762,259 | |||
| Acquisitions at cost |
1,101,367 | 1,101,367 | |||
| Disposals at cost | (818,828) | (818,828) | |||
| Change in market value |
in the period | 855,572 | 855572 | ||
| Market value at 31 | March 2023 | 8,189,226 | 8,189,226 | ||
| Historical cost: | |||||
| At 31 March 2023 | 6,886,704 | 6,886,704 | |||
| At 31 March 2022 | 6,604,470 | 6,604,470 | |||
| 9. | Debtors: Amounts | falling due within one year | 2023 | 2022 | |
| Prepaym ants | 373 | 306 | |||
| 373 | |||||
| 10. | Creditors: Amounts | falling due within one year | 2023 | 2022 | |
| Accruals | 5,031 | 5,081 | |||
| 5,031 | 5,081 |
| Unrestricted | Unrestricted | 2023 | 2022 | |||
|---|---|---|---|---|---|---|
| Capital | Revenue | Total | Total | |||
| Funds | Funds | Funds | Funds | |||
| Fixed asset investments | 8,189,226 | 8,189,226 | 8,?62,259 | |||
| Current | assets | |||||
| Debtors | 3?3 | 373 | 306 | |||
| Cash at | bank and | in hand | 207,634 | 94,058 | 301,692 | 323,189 |
| 207,634 | 94,431 | 302,065 | 323,495 | |||
| Current | liabilities | 5,031 | 5,031 | 5,081 | ||
| Net current assets | 207,634 | 89,400 | 297,034 | 318,414 | ||
| Net Assets/Funds | 8,396,860 | 89,400 | 8,486,260 | 9,080,673 |