THE ANCHOR FOUNDATION (AN UNLIMITED COMPANY NOT HAVING A SHARE CAPITAL) REPORT and FINANCIAL STATEMENTS for the year to 31 March 2024 Scottish Charlty No. SC039258 England and Wales Charity No. 1082485 Company Reg. No. 04057661 The Anchor Foundation Index Pa Report of the Directors for the year ended 31 March 2024 Independent Audrtors, Report to the trustees and members of the Anchor Foundation 7-10 Statement of Financial Activities 8alance Sheet 12 Notes to the Financial Statements 13-18 The Anchor Foundation Report of the Directors for the year ended 31 March 2024 The Directors of The Anchor Foundation have pleasure in presenting their annual report and the audited financial statements for the year ended 31 March 2024. 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 1 BJ Auditors= Oickson Middleton, 20 Bamton Street, Stirfing, FK8 1 NE. Bankers: Bank of Scotland, 7113 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 Directors and Trustees The Directors of the charstable company (the charity) are also its trustees for the purpose of charity law. The following persons acted as Directors of the charity during the period to 31 March 2024: Reverend R B Anker-Petersen Mrs S Mayfield Reverend Canon M S Mitton Mrs N Stewart Day-to-day administration of the charity is delegated to the company secretary Heather McPherson who is not a Trustee of the Charity. The Anchor Foundation Report of the Directors for the year ended 31 March 2024 (continued) The trustees present their report for the year ended 31 $1 March 2024 Structure, governance and management The Foundation was accepted as a charity by the Chartty Commission with effect from 20 September 2000 and by OSCR with effect from February 2008. This required a change to the Constitution which was approved by the Charity Commission. The trustees, who are also the directors for the purpose of company law, who served during the year were.. Reverend Canon M S Mitton Reverend R B Anker-Petersen Mrs N Stewart Mrs S Mayfield The Rev Robin Anker-Petersen has a particular interest in Christian art and healing and the Rev Canon Michael Mitton is interested in India and Ireland and mission in the UK. Mrs Nina Stewart takes a particular interest in projects for young people and family projects and Mrs Sue Mayfield's particular interests are arts and health including mental health and projects for women. In the event of a trustee retiring, a suitable replacement will be sought from the category of the retiring trustee in the first instance to attempt to maintain the balance of trustees. Remaining trustees will suggest suitable replacements who are then all duly considered prior to an appointment being made. The trustees bring a range of differing skills to meetings but appreciate the need to improve their understanding of the work they do. Meetings take place twice yearly over one and a half days. At these meetings the trustees consider the applications they have shortlisted and, after careful consideration, decide on the grants they wish to make. They also meet the manager of the investment portFolio to review and improve the financial position and may from time to time have other relevant meetings to review and improve the management of the Foundation. Particular emphasis is given to reports from projects. Trustees regard these as important and projects are expected to Gomplete the Report Form, available on the website. and submit it in good time. Grants for more than one year are dependent on a good report being received. Time is given at meetings to thoroughly discuss reports. The SecretarylAdministrator, who is also present at meetings, sends out the agreed grants as soon as possible. Good communication is maintained between meetings by telephone and by email. The Trustees or the Secretary may visit projects which either have been supported Of about which further information is required. Information may also be gathered by telephone. Between meetings the Administrator manages applications in accordance with the guidelines which are published on the website.. ￿W.thean¢horf0undation.0rg.Uk. It is aimed to reduce printing, paper & postage costs as far as possible by using digital communications where appropriate. The Administrator maintains the websrte and updates as required. Photographs and details of some projects which have been supported are included where appropriate. Applications and reports are encouraged to be submitted online, with any supplementary information requested being received by email or post. The Anchor Foundation Report of the Directors for the year ended 31 March 2024 (continued) Dickson Middleton of Stirling were re-appointed as auditors at the AGM in November 2023. Financial information provided by shortlisled applicants for grants is reviewed by SecretarylAdministrator to alert the Trustees to any potential concerns or irregularities. Risk management and review The trustees have assessed the major risks to which the Foundation is exposed, and are satisfied that systems are in place, where appropriate, to mitigate exposure to major risks. These include. among others, serious loss of investment income or capital, loss of administrative infomation stored on one computer and loss of grants due to fraudulent activity. The trustees keep their assessment procedures under regular review. Objectives and activities The objects of the foundation are limited to such exclusively charitable purpose or purposes as the trustees in their absolute discretion shall from time to time decide. The trustees have agreed the following Mission Statement which is given on the website.. 'To support Christian charities concerned with social inclusion particularly through the ministries of healing and the arts., In setting objectives and planning for activities, the Directors have given due consideration to general guidants published by the Charity Commission relating to public benefit. Risk management and review The trustees have assessed the major fisks to which the Foundation is exposed, and are satisfied that systems are in place, where appropriate, to mitigate exposure to major risks. These include, among others, serious loss of investment income or capital, loss of administrative infomiation stored on one computer and loss of grants due to fraudulent activity. The trustees keep their assessment procedures under regular review. Objectives and activities The object5 of the foundation are limited to such exclusively charitable purpose or purposes as the trustees in their absolute discretion shall from time to time decide. The trustees have agreed the following Mission Statement which is given on the website.. 'To support Christian chartties concerned with social inclusion particularfy through the ministries of healing and the art5.. In setting objedives and planning for activities, the Directors have given due consideration to general guidance published by the Charity Commission relating to public benefit. Achlevements and perfomiance A total of 591 applications were received for consideration in 2023. Of these, 423 projects were based in the UK (47 in London, 301 in other parts of England, 38 in Scotland, 14 in Northern Ireland, 12 in Wales and 11 across the UK), 112 in Africa, 19 in India & Pakistan, 7 in other parts of Asia, 9 in the Middle East, 7 in Eastern Europe, 3 in Central Americ8, 2 in South America, 2 in the Caribbean, 1 as online resource, 1 in each of Eire, Mexico, South Pacific & USA and 2 had worldwide reach. Grants awarded went to projects based in the UK, Africa, Middle East, India, Central America, South America, Eastern Europe and one with Worldwide reach. The Foundation paid out grants totalling £307,089 this year (2022-2023 £277,852) (' NB Grants given this year- does not include repeats- they are included in previous years annual totals) The Anchor Foundation Report of the Directors for the year ended 31 March 2024 (continued) Details of the Larger Grants (over £5,000) Made During 2023 Azalea Salary for Flourish Support Officer who leads therapeutic art activities Friends of the Holy Land Food for day centre for elderly widows The Parochial Church Council of The Ecclesiastical Parish of St Nicholas, Nottingham Creche facility during English language classes for refugees and asylum seekers Christ Church Feltham Food for Iranian asylum seekers community kitchen project Church of Scotland Social Council, (trading as CrossReach) Daisy Chain project for children & families living in povety, racial discrimination etc The Shed Project Mentorship & support networkslservices for youth Sailors, Society Global chaplaincy ne￿rf{ - 24 hour multilingual support Minstead Trust Garden project for people with learning disabilities The Guild of Health and St Raphael Recording equipment & professionally produced Christian Wellbeing Podcasts Changing Tunes Rehabilitative music service for vulnerable in women's prison City Church Newcastle City Refugee Welcome - to support isolated & vulnerable asylum Seekers WOW (World of Worth) Creating borewell for clean water Hope Gardens Clubs to support studies for children in deprived areas Willowfield Parish Communiiy Association Pea￿d Together programme - CO￿ costs - helping women to explore challenges & find healing through the creative process CHOICES Islington Manager for shop providing baby clothes & equipment to those experiencing pregnancy crisis 21st Century Church Part time staff to support work with vulnerable children & young people Soundcafe Leicester Creative Empowernent Pfoject - staffing for weekly creative café for 2 years Dorset Youth for Christ School lrfe pastor Hidden Treasure Trust CIO Creative sessions wÈth Christian theme & pastoral support for families in deprived area. Press Red Subsidised performances of drama based on abusive experien￿ of church going couple Salford Diocesan Trustees Horticuttural, art & nature based therapies to disadvantaged young people Reach Beyond English language tuition for refugees & asylum seekers The Anchor Foundation Report of the Directors for the year ended 31 March 2024 (continued) St George's Crypt TherapeLrtic support workers for GRL project focussing on women in addiction recovery Mission Initiative Newcastle East Mumspace group in a deprived area Mosaic Middle East Therapeutic arts classes for Iraqi refugees National Gallery Exhibition of St Francis of Assisi - opening May 2023 Financial review The results for the year are set out in the Statement of Financial Activities. The trustees retain investments of the Foundation to provide income to carry out the objectives for which the Foundation was founded but in the present financial climate may from time to time also use capital to increase the amount available for grants. The Foundation's investment policy is geared towards maximising the income of the charity consistent with prudence and security. Brewin Dolphin continued to be professional investment managers during the year. Plans for the future The trustees aim to Continue running the Foundation within the terms of the founding documents. Disclosure of Information to auditors Each of the directors has confirmed that there is no infomiation of which they are aware which is relevant to the audit but of which the auditor is unaware. They have further confimied that they have taken appropriate steps to identfy such relevant information and to establish that the auditors are aware of such infonnation. The Anchor Foundation Report of the Directors for the year ended 31 March 2024 (continued) Dlrectors, responslbllltles In relatEon to the financlal statements The Directors (who 8re also trustees of The Anchor Foundats'on for the purposes of ch8rity law) are responsible for preparing the Director5, Report and the finanaal statements in accordance with ap￿1¢able law and Uniled Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prathce). Company law requires the Directors to prepare finanaal statements for each financial year, which give a true and fair view of the state of affairs of the charitable rJ)mpany and of the incoming resources and application of resourc£s, including the income and expenth'ture, of the charitable company for that period. In preparing these financial ststements, the Directors are requlred to.. select surtable accounting policies and then apply them consistently.. observe the methods and prinapies in the Charrtj'es SORP.. make judgements and estimates that are reasonable and prudent: state whether applicable LIK Accounting Standards have been followed, subject to material departures disdosed and explained in the financial statements" prep8re the financAal statements on the going conc8m basis unless rt is inappropriate to presum6 that the charitabl& ccsrnpany will continue in operation. The Directors are responsible for ke8ping adequale accounting records that disclose wilh reasonable accuracy at any time Ihe finanual position of the charitable company and enable them to ensure that the financial statements comtyy with the Companiés Act 2006. the Chartties and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts (Scotland) Regulats'ons 2006 (as amended). They are also responsible for safeguarding the assets of the charitable company arKI hence for taking reasonable steps for the prevention and det8Ctton of fraud and other irregulartties. In so far as the Directors are aware.. there is no relevant audtt information of which the charitsble company's auditor is unaware" and the D1￿CtOrS have taken all steps that they ought to have taken to make themselves aware of any relevant audit infomatson and to establish that Ihe auditor is aware of that infomiation. Auditors Dickson Middleton are auditors to the charity and the Directors recommend thar reappointment at the Annual General Meeting. A resolution will be proposed at the Annu81 General Meeting authorising the Directors to fix tPie remuneration of the auditors. By ordgr of the Board Reverend R B Anker-Petersen Olreetor 8 November 2024 The Anchor Foundation Independent Auditor's Report to the Trustees and Members of The Anchor Foundation for the year ended 31 March 2024 Opinion We have audtted the financial statements of The Anchor Foundation (the '¢haritable company'l for the year ended 31 March 2024 which comprise Statement of Financial Activities, Balance Sheet, and notes to the financial statements, including 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 of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2024, and of its incoming resources and application of resources, including its income and expendilure, for the year then ended., have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance wrth the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing {UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the charitable ¢ompany in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have futfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relatEng to going concem In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identrfied any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going con￿rn for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees wrth respect to going concern are described in the relevant sections of this report. Other Infomiatlon The other information comprises the infomation included in the trustees, annual report. other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly ststed in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other infomialion is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information we are required to report that fact. We have nothing to report in this regard. The Anchor Foundation Independent Auditor's Report to the Trustees and Members of The Anchor Foundation for the year ended 31 March 2024 (continued) Opinions on other matters prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit: the infomiation given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements- and the trustees, feport has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts {Scotland) Regulations 2006 require us to report to you if, in our opinion.. adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us- or the financial statements are not in agreement with the accounting records and retums., or certain disclosures of directors, remuneration specified by law are not made-, or we have not received all the infomiatton and explanations we require for our audit,. or the trustees were not entitled to prepare the financial statements in accordance with the small companies, regime and take advantage of the small companies. exemptions in preparing the directors, port from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the fin8ncial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going contsm, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic altemattve but to do so. Auditovs responsibilities forthe audit of the financial statements We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with regulations made under those Acts. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assuran￿. but is not a guarantee that an audit Conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The Anchor Foundation Independent Auditor's Report to the Trustees and Members of The Anchor Foundation for the year ended 31 March 2024 (continued) Irregularities, including fraud, are instances of non Net Movement In Funds 486,532 (594,413) Funds brought forward 8,486,260 9,080,673 Funds carried forward 11 8,972,792 8,486,260 All funds are unrestricted funds. The notes on pages 13 to 18 form part of these financial statements. 11 The Anchor Foundation BALANCE SHEET as at 31 March 2024 Note 2024 2023 FIXED ASSETS Inv85tments 8.786,￿4 8,189,226 CURRENT ASSETS Debtors Cash at bank and in hand 305 191.463 373 301.692 302,065 CUftRENt UA8ILIYIÈS - Creditors". amounts falling due within one year NET CURRENT ASSETS 10 5,840 185,928 5.031 297,034 NET ASSETS 8,972.792 8,486,260 Represented by: UNRESTRICTED FUNDS - Capital Funds Revenue Funds 11 8,854.279 118,513 8.395,860 89.400 NET FUNDS 8,972,792 8,486,260 These acccjjnts are prepared in accordance wilh the spaci81 provisions of Part 15 of Ihe Companies Act lating to small companies and constitute the annual accounts rewired by the Companies Act 2CQ6 and are for circulation to memters of the ctmpany. The notes on pages 13 to 18 fomi part of these financial statements. Approved by the Board of Directors on 8 November 2024 and signed on its beham by . Director Director Reverend M S Mitton Reverend R B Anker-Petersen Company Reglstratlon Number. fJ4057661 12- The Anchor Foundation Notes to the Financial Statements forthe year ended 31 March 2024 Accounting Policies Basis of accounting The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102}, the CharFties SORP (FRS102) and the Companies Act 2006. A summary of the more important accounting policies, which have been applied consistently, is set out below. The charity meets the definition of a public benefit entity under FRS102. The Directors consider that there are no material uncertainties about the Charity's ability to continue as a going concem. Accounting convention The financial statements are prepared under the historical cost convention as modified to include the revaluation of certain fixed assets. Incoming Trsources All incoming resources are included in the Statement of Financial Actlvities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income= Incoming resources from investment income is recognised on an accruals basis. Voluntary income is received by way of donations and gifts and is included in full when receivable. Resources expended Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be ful￿ recovered and is reported as part of the expenditure to which it relates.. Costs of generating funds comprise the costs associated with managing the investment portfolio. Charitable expenditure comprises those costs associated with the provision of support to Christian charities by way of a grant. It includes both costs that can be allocated directly to such acttvities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charty and include the audit fees and costs linked to the strategic management of the charity. All costs are allocated between the expenditure Categories of the statement of financial activities on a basis designed to reflect the usage of the resource. Costs relating to a particular activity are allocated directly. Fund accounting Unrestricted funds are available for use at the discretion of the directors in furtherance of the general objectives of the charity. Taxation The charty is recognised as a charty for taxation purposes. As such, the charty is exempt from tax on income and gains to the extent that these are applied to charitable objects. No tax charges have arisen in the charty. The charity is not registered for Value Added Tax (VAT). Expenditure includes any attributable VAT. Cash Flow Statement The charty is a small company as defined by Section 382 of the Companies Act 2006 and is entitled to exemption from preparation of a Cash Flow Statement. Consequently a Cash Flow Statement has not been prepared. 13- The Anchor Foundation Notes to the Flnanclal Ststements for the year ended 31 March 2023 Accounting Policies (continued) Fixed Asset Investments Investments are stated at market value as at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year. Quoted stocks and shares are included in the balance sheet at mid-market price, excluding dividends. Realised gains and losses All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening market value (or purchase cost if later). Unrealised gains and losses are calculated as the difference be￿een carrying value at the year end and opening market value (or purchase c05t tf later). Gross Income from Investments 2024 2023 Income from listed investments Interest income 222.482 4.497 226,979 231,397 3,098 234,495 Surplusl(deficit) for the year The surplusl{deficit} for the year is stated after charging - 2024 2023 Board of Directors and Members costs Auditor's remuneration - Audit services - Other services 2,520 300 2,310 210 Total resources expended Other Costs Grant Funding Total 2024 Total 2023 Cost of genernting funds Investment manager's fees 36,287 36,287 36,582 Charltable Activities Grant Funding of Activities (see Note 5) Support Costs 301,089 301,089 10,983 275,852 9,464 10,983 10,983 301,089 312,072 285,316 Governance Costs 3,810 3,810 3,150 14- The Anchor Foundation Notes to the Financial Ststements for the year ended 31 March 2024 Grants paid to organisations in year: 2024 2023 Organisation Name Sailors, Society The Guild of Health and St Raphael Azalea Changing Tunes Press Red Christ Church Feltham Church of Scotland Social Council (trading as Crossreach) The Shed Project 215t Century Church Mission Initiative Newcastle East Minstead Trust National Gallery Mosaic Middle Easl The Parochial Church Council of The Ecclesiastical Parish of St Nicholas Nottingham st. George's Crypt WOW (World of Worth) Reach Beyond Choices Islington Sound Café Leicester Dorset Youth For Christ Friends of the Holy Land Willowfield Parish Communty Association Hidden Treasure CIO City Church Newcastle Salford Diocesan Trustees Hope Gardens Missio Afri¢anus YADA Bramber Bakehouse The Wellbeing Project Brecon Worldshare Via Wings Fountain of Life Ministries Transfomiing Lives for Good CreateBolton The Natashas Project Listening Post Christian Counselling Service Limited Trinity Youth and Children's Project The Noah Initiative Prison Fellowship Inter¢u￿UraI Churches UK Walk Ministries The Exodus Project Nicodemus The Beacon Blackburn (The Beacon Elim Churches) Growbaby Swindon Salisbury Cathedral Choral Foundation Holy Trinity PCC Diocese of Vellore Society Bethnal Green Mission Church Anchor Church 12,000 11,400 11,388 10,800 10,000 10,000 10,000 4,000 9,236 9,000 9,000 9,000 8,000 8,000 8,000 8,000 8,000 7,000 7,000 7,000 7,000 6,000 6,000 6,000 6,000 6,000 5,000 5,000 5.000 5,000 5.000 5,000 4,500 4,000 4,000 4,000 4,000 4,000 4,000 3,600 3,500 3,345 3,200 3,120 3,000 3,000 3,000 2.000 2,000 1,000 {2,000) 7,872 6,000 5,000 5,000 4,000 2,080 2,000 -15- The Anchor Foundation Notes to the Financial Statements for the year ended 31 March 2024 Grants paid to organisations in year (contlnued): 2024 2023 Organisation Name Strength & Stem The Hope Trust Oxford Flying for Life Truth be Told - Storytelling for Life Across Wintershall CIO Safe Families for Children Kintsugi Hope Univida Feel Good Community For the Love of a Child Flourish Bognor Regis Baptist Church Springs Dance Company St Catherine's College Central Tanganyika Diocesan Trust Imago Die Prison Ministry ACT Emerge (UK) Lindley Educational Trust The Junction 42 Foundation Family Support Work Children on the Edge Turning Tides Dyffryn Clwyd Mission Area A Rocha UK Spitalfields Crypt Trust Chaiya TrustlArt Awards British Youth for Christ Anglican International Development A Way Out Urban Crofters Inspiring Ipswich Charnwood 20.'20 (Twenty Twenty) Margaret Clithrow Trust Colossians Three Sixteen Trust Just-lce Poynton EMMS International The House on the Corner Community Project Edinburgh Cty Mission Morphe Arts Searchlight Scotland Tuming the Tide, UK Romanian Ministries Jairah Funds Junction 12 St. Anne's Church Emmanuel Group of Churches Parish Church Comerstone House Total grants paid 10,000 8,000 8,000 8,000 7,600 7,500 7,500 7,500 7,000 7,000 7,000 7,000 7,000 7,000 6,000 6,000 6,000 5,000 5,000 5,000 5,000 5,000 5.000 5,000 5,000 5,000 5,000 5,000 5,000 4,900 4,000 4,000 4,000 4,000 4.000 4,000 4,000 3,000 3,000 3,000 3,000 3,000 3,000 2,500 2,000 2,000 1,000 500 500 400 275,852 301,089 16- The Anchor Foundation Notes to the Financial Statements for the year ended 31 March 2024 (continued) Employees The charity did not employ anyone during the year. Trustses None of the trustees (or any persons connected with them) received any remuneration during the period, and four (2023= four) of Ihem were reimbursed a total of £726 {2023= £765} for travelling expenses. Fixed Asset Investments EqUI￿eS Total Market value at 1 April 2023 Acquisitions at cost Disposals at cost Change in market value in the period Market value at 31 March 2024 8,189,226 8,189,226 2,007,510 2,007.510 (1,611,117) (1,611,117) 201,245 201,245 8,786,864 8,786,864 Historical cost.. At 31 March 2024 7,280 857 7,280,857 At 31 March 2023 6,886,704 6,886,704 Debtors: Amounts falling due within one year 2024 2023 Prepayments 305 305 373 373 10. Credltors: Amounts falling due wlthin one year 2024 2023 Accruals 5,840 5,031 17- The Anchor Foundation Notes to the Financial Statements for the year ended 31 March 2024 (continued) 11. Funds Anatysls Unrestricted Capitsl Funds Revenue Funds 2024 Total Funds 2023 Totsl Funds Flxed asset investments 8,786,864 8,788,864 8,189,226 Current assets Debtors Cash at bank and in hand 305 124,048 124,353 5,840 305 191,463 191,768 5,840 373 301,692 302,065 5,031 67,415 67,415 Current liabilities Net current assets 67,415 118,513 185,928 297,034 Net AssetslFunds 8,854,279 118,513 8,972,792 8,486,260 12. Capital Commitments and Contlngent Liabilities There were no capital commitments at 31 March 2024. At the year end the Foundation had indicated to a number of charities that they would be further supported subject to meeting satisfactory performance criteria. As it is not known at the year end the likelihood of these conditions being fulfilled part of the grants payable amounting to £8,000 {2023.' £4,000). have not been provided for in the accounts and are therefore disclosed as contingent liabilities. 18-