THE ANCHOR FOUNDATION (AN UNLIMITED COMPANY NOT HAVING A SHARE CAPITAL REPORT and FINANCIAL STATEMENTS for the year to 31 March 2025 Scottish Charity No. SC039258 England and Wales Charity No. 1082485 Company Reg. No. 04057661
The Anchor Foundation Index Report of the Directors for the year ended 31 March 2025 Independent Auditors' Report to the trustees and members of the Anchor Foundation Statement of Financial Activities Balance Sheet Notes to the Financial Statements Page 1-6 7 - 10 11 12 13 - 18
The Anchor Foundation Report of the Directors for the year ended 31 March 2025 The Directors of The Anchor Foundation have pleasure in presenting their annual report and the audited financial statements for the year ended 31 March 2025. 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: Auditors: Mowbray House, Castle Meadow Road, Nottingham, NG2 1BJ Dickson Middleton, 20 Barnton Street, Stirling, FK8 1NE Bankers: ank of Scotland, 1/13 Port Street, Stirlin pworth Investment Management Ltd, 9 Bonhill Street, Londo Investment Manager: Brewin Dolphin Limited, Sixth Floor, Atria One, 144 Morrison Street Edinburgh, EH3 SEX Directors and Trustees The Directors of the charitable 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 2025: 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. - 1-
The Anchor Foundation Report of the Directors for the year ended 31 March 2025 (continued) The trustees present their report for the year ended 31 March 2025 Structure, governance and management The Foundation was accepted as a charity by the Charity 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 R BAnker-Petersen Reverend Canon Michael S Mitton 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 complete 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 Secretary/Administrator, 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 or about which further information is required. Information may also be gathered by telephone. etween meetings the Administrator manages applications in accordance with the guidelines which ar ublished on the website: www.theanchorfoundation.org.uk. It is aimed to reduce printing, paper & postag costs as far as possible by using digital communications where appropriate. The Administrator maintains the website 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. Dickson Middleton of Stirling were re-appointed as auditors at the AGM in November 2024. Financial information provided by shortlisted applicants for grants is reviewed by the Secretary/Administrator to alert the Trustees to any potential concerns or irregularities. - 2-
The Anchor Foundation Report of the Directors for the year ended 31 March 2025 (continued) 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 information 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 guidance published by the Charity Commission relating to public benefit. Achievements and performance A total of 584 applications were received for consideration in 2024. Of these, 443 projects were based in the UK (38 in London, 294 in other parts of England, 41 in Scotland, 23 in Northern İreland, 14 in Wales, 12 in more than one region and 21 across the UK as a whole), 85 in Africa, 30 in South Asia, 2 in the Middle East, 8 in Europe, 5 in South America, 2 in Ireland, 1 in each of the Caribbean, Channel Islands, China, Egypt and USA, 3 covered more than one location and 1 had worldwide reach. Grants awarded went to projects based in the UK, Africa, Middle East, India and Europe. The Foundation paid out grants totalling £308,751 this year (2023-2024 £307,089). A partial refund of £1,240 was received in relation to an underspent grant provided previously. Details of the Larger Grants (over €5,000) Approved During 2024 (including multi -year awards) Core costs which would support their outreach work and a variety of Margaret Clitherow Trust programmes (working with vulnerable families etc) - (they work with Gypsy, Roma and Travellers). Just Ice 6 months of trauma informed employment (32 hours per week) - to benefit 2/3 people who have experienced trauma - (they would gain the skills/confidence needed to re-enter the workplace) Charnwood 20-20 operating as Love4Life Girls' therapeutic group Strength and Stem Ltd Vocational and life skills training for women survivors of modern slavery For the Love of a Child The Listening Stone - music therapy for children in displaced camp Joanna Leeds Staff salary for project serving women facing multiple complex disadvantages The Jericho Road Project Outreach to women in prison & resettlement support on leaving Ultrasound machines for health centres to improve healthcare Engera UK provision Faith, Development and Relief Agency (FADRA) Renovation of women's centre - 3-
The Anchor Foundation Report of the Directors for the year ended 31 March 2025 (continued) 4Front Theatre Prison show & workshop In Another Place Weekly workshops for free family events Southampton City and Region Action to Furnish to Flourish - providing furniture & supplies to those in need Combat Hardship (SCRATCH) Professional fees for two artists to run groups for 6 months - also materials to Shine (West Bowling) reate a glass chandelier to hang in Bradford Cathedral (they work with refugee adults with mental health problems, homeless people et Justice in Motion CODE - outdoor physical theatre to highlight social issues Reach Bwindi Health and Hope UK Choices Islington CURE International UK Family Matters York (FMY) Junction 12 Transformations Leeds The Family Works Warehouse Christian Trust (trading as Skillway) Prospects Across Scotland Friendship Lab Chilli Children of Rukungiri (Uganda) The Eternal Wall of Answered Prayer Press Red Hope Trust Cardiff CIO The Recruitment Junction Ignition Gloucestershire Elland Christian Centre The Saffires Project Mama Hive Community health programme Education scholarships for 6 students Towards salary costs of Community Counselling Manager for pregnancy crisis support Spiritual Ministry Programme Parenting courses Staff costs for project working with vulnerable children & young people Living Room International Student Welcome Project - staff & materials for 2 years Faith based trauma informed family support Supporting 4 young people for a year at centre providing manual craft skills training Supporting churches to reach out to people with various learning disabilites & develop advice, information & training provision Launch costs & filming/editing Friendship Lab Course Equip rehab centre for children with disabilities Collecting & collating answered prayers to create a digital archive for generations to come and to use this digital data to feed to a piece of public ar Ruth & Boaz - initiative to engage men in adopting positive behaviours & attitudes Counselling for those who have experienced trauma related to pregnancy or birth Inside Job - work with prisoners to support into work upon release Festival of Wonder - mixed arts extravaganza Towards rent for Love Elland for furniture donation project Parlour Outreach - holistic support for women in the sex industry Set up of shop for sale of beeswax handicrafts to support women with disabilities - 4-
The Anchor Foundation Report of the Directors for the year ended 31 March 2025 (continued) 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 information of which they are aware which is relevant to the audit but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditors are aware of such information. -5-
The Anchor Foundation Report of the Directors for the year ended 31 March 2025 (continued) Directors' responsibilities in relation to the financial statements The Directors (who are also trustees of The Anchor Foundation for the purposes of charity law) are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Directors to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Directors are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Directors are aware: • there is no relevant audit information of which the charitable company's auditor is unaware; and • the Directors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. Auditors Dickson Middleton are auditors to the charity and the Directors recommend their reappointment at the Annual General Meeting. A resolution will be proposed at the Annual General Meeting authorising the Directors to fix the remuneration of the auditors. By order of the Board Reverend R B Anker-Petersen Director 7 November 2025 -6-
The Anchor Foundation Independent Auditor's Report to the Trustees and Members of The Anchor Foundation for the year ended 31 March 2025 Opinion We have audited the financial statements of The Anchor Foundation (the 'charitable company') for the year ended 31 March 2025 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 o 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 2025, and of its incoming resources and application of resources, including its income and expenditure, for 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 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 those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 fulfilled 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 relating to going concern 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 performed, we have not identified 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 concern 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 with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information 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 stated 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 information 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 determine 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. - 7-
The Anchor Foundation Independent Auditor's Report to the Trustees and Members of The Anchor Foundation for the year ended 31 March 2025 (continued) Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: • the information 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' report has been prepared in accordance with applicable legal requirements. Matters on which we are required 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 returns; or • certain disclosures of directors' remuneration specified by law are not made; or • we have not received all the information 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' report 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 tinancial 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 financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the 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 reaulations 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 assurance, 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. - 8-
The Anchor Foundation Independent Auditor's Report to the Trustees and Members of The Anchor Foundation for the year ended 31 March 2025 (continued) Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design our procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below: • assese ento a ries of are those anged i any eman actual suspected or lege in ed The audit engagement team identified the risk of management override of controls as the area where the financial statements were most susceptible to material misstatement due to fraud procedures performed included but were not limited to testing manual journal entries and other adjustments, evaluating the business rationale in relation to any significant unusual transactions and challenging judgements and estimates; Reviewing minutes of meetings held by management and those charged with governance to identi nv matters includina actual or attempted fraud, litigation and noncompliance with laws ar Inspecting expenditure incurred in the year while making sure this has been appropriately categorised in the accounts. This included agreeing a sample from the nominal ledger to purchase invoice while also reviewing post year end transactions and invoices to confirm the completeness of - 9-
The Anchor Foundation Independent Auditor's Report to the Trustees and Members of The Anchor Foundation for the year ended 31 March 2025 (continued) Based on the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non- compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charitable company's internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. based on the audit evidence obtained, whether a material uncertainty exists related to events or concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charitable company to cease to continue as a going concern. manner that achieves fair presentation. sal protein truce and content of the diana stares love ne We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company, the charitable company's members as a body and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed Wellam T. Renall. William J Russell (Senior Statutory Auditor) For and on behalf of Dickson Middleton, Chartered Accountants, Statutory Auditors, 20 Barnton Street, Stirling FK8 1NE. Dickson Middleton is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006. IO November 2025 - 10 -
The Anchor Foundation STATEMENT of FINANCIAL ACTIVITIES for the year to 31 March 2025 Note 2025 INCOMING RESOURCES Incoming resources from generated funds Investment Income Total Incoming Resources RESOURCES EXPENDED Cost of generating funds Charitable activities Governance costs Total Resources Expended Net Outgoing Resources before other recognised gains & losses Gains & losses on disposal and revaluation of investment assets: - Realised gain / (loss) on disposals Net (Outgoing)/Incoming Resources for the year - Unrealised (loss)/gain on revaluation Net Movement in Funds Funds brought forward Funds carried forward 2 221,584 221,584 38,261 320,212 3,485 361,958 (140,374) 11 198,243 57,869 (140,619) (82,750) 8,972,792 8,890,042 All funds are unrestricted funds. The notes on pages 13 to 18 form part of these financial statements. - 11- 2024 226,979 226,979 36,287 312,072 3,810 352,169 (125,190) 410,477 285,287 201,245 486,532 8,486,260 8,972,792
The Anchor Foundation BALANCE SHEET as at 31 March 2025 Note 2025 2024 FIXED ASSETS Investments CURRENT ASSETS Debtors Cash at bank and in hand CURRENT LIABILITIES - Creditors: amounts falling due within one year NET CURRENT ASSETS NET ASSETS Represented by: UNRESTRICTED FUNDS - Capital Funds Revenue Funds NET FUNDS 8 10 8,702,476 2,212 191,320 193,532 (5,966) 187,566 8,890,042 8,841,931 48,111 8,890,042 8,786,864 305 191,463 191,768 (5,840) 185,928 8,972,792 8,854,279 118,513 8,972,792 These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. The notes on pages 13 to 18 form part of these financial statements. Approved by the Board of Directors on 7 November 2025 and signed on its behalf by Director Reverend MS Mitton •.... .. Director Reverend R B Anker-Petersen Company Registration Number: 04057661 - 12-
The Anchor Foundation Notes to the Financial Statements for the year ended 31 March 2025 1. 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 Charities 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 concern. Accounting convention The financial statements are prepared under the historical cost convention as modified to include the revaluation of certain fixed assets. Incoming resources All incoming resources are included in the Statement of Financial Activities 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 Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully 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 activities 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 charity 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. The charity is recognised as a charity for taxation purposes. As such, the charity 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 charity. The charity is not registered for Value Added Tax (VAT). Expenditure includes any attributable VAT The charity 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 Financial Statements for the year ended 31 March 2025 1. 2. 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 between carrying value at the year end and opening market value (or purchase cost if later). Gross Income from Investments Income from listed investments Interest income 2025 € 195,495 26,089 221,584 2024 222.482 4,497 226,979 4. Surplus/(deficit) for the year The surplus/(deficit) for the year is stated after charging - Board of Directors and Members costs Auditor's remuneration - Audit services - Other services Total resources expended 2025 2024 2,640 300 Other COStS 38,261 Grant Funding - Total 2025 € 38,261 2,520 300 Total 2024 36,287 Invet one manager sness Charitable Activities rant Fundina of Activities (see Note apport cos Governance Costs 11.461 11.461 3,485 308,751 308,751 - 308,751 11,461 320,212 3,485 301,089 10,983 312,072 3,810 - 14-
The Anchor Foundation Northe to the Fined 3a arch orts 5. Grants paid to organisations in year: Organisation Name Margaret Clitherow Trust Just Ice Ribbesford with Bewdley and Dowles Parochial Church Council Charnwood 20-20 operating as Love4Life Strength and Stem Ltd For the Love of a Child Joanna Leeds Be Me Project Edinburgh City Missio he Jericho Road Proie Engera UK Roots Globalscope Edinburgh Faith, Development and Relief Agency 4Front Theatre In Another Place Solas Festival Southampton City and Region Action to Combat Hardship (SCRATCH) Street Teams Shine (West Bowling) Central Tanganyika Diocesan Trust (CTDT) Oasis Community Church (Worksop) Justice in Motion Reach Bwindi Health and Hope UK Upbeat Communities ReSource Choices Islington CURE International UK The Grand at Clitheroe Ltd Family Matters York (FMY) Junction 12 Hand to Mouth Transformations Leeds The Family Works Warehouse Christian Trust (trading as Skillway) Prospects Across Scotland Vellore Social Service Society Friendship Lab New Spring Trust Chilli Children of Rukungiri (Uganda) Urban Crofters The Eternal Wall of Answered Prayer Press Red Hope Trust Cardiff CIO The Recruitment Junction Ignition Gloucestershire Allbright Technologies Elland Christian Centre The Saffires Project Mama Hive 2025 € 6,000 9,000 5,000 2,000 9,000 10,000 4,000 4,800 3,200 7,000 7,400 3,000 6,000 7,600 8,000 3,000 6,000 5,000 6,000 5,000 3,000 10,000 5,000 8,000 5,000 5,000 10,000 10,000 2,550 10,165 8,000 3,420 4,000 6,000 10,000 10,000 3,310 5,000 3,000 5,646 4,000 3,000 12,000 6,000 6,000 5,900 4,000 6,000 6,000 8,000 2024 € 7,000 10,000 -15-
The Anchor Foundation Notes to the Financial Statements for the year ended 31 March 2024 5. Grants paid to organisations in year (continued): Organisation Name Sailors' Society The Guild of Health and St Raphael Azalea Changing Tunes Christ Church Feltham Church of Scotland Social Council (trading as Crossreach) The Shed Project 21s Century Church Mission Initiative Newcastle East Minstead Trust National Gallery Mosaic Middle East The Parochial Church Council of The Ecclesiastical Parish of St Nicholas Nottingham WOW (World of Worth) Reach Beyond Sound Café Leicester Dorset Youth For Christ Friends of the Holy Land Willowfield Parish Community Association Hidden Treasure CIO City Church Newcastle Salford Diocesan Trustees Hope Gardens Missio Africanus YADA Bramber Bakehouse The Wellbeing Project Brecon WorldShare Via Wings Fountain of Life Ministries Transforming Lives for Good CreateBolton The Natashas Project Listening Post Christian Counselling Service Limited Trinity Youth and Children's Project The Noah Initiative Prison Fellowship Intercultural 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 Total grants paid 2025 - 4,000 - (1,240) 1,000 3308,751 - 16 - 2024 € 12,000 11,400 11,388 10,800 10,000 10,000 4,000 9,236 9,000 9,000 9,000 8,000 8,000 3,000 8,000 7:000 7,000 6,000 6,000 6,000 6,000 6,000 5,000 5,000 5,000 5,000 5,000 4,500 4,000 4,000 3,000 2,000 2,000 20000 301,089
The Anchor Foundation lotes to the Financial Statement or the year ended 31 March 2025 (continued 6. 7. Employees The charity did not employ anyone during the year. Trustees None of the trustees (or any persons connected with them) received any remuneration during the period, and four (2024: four) of them were reimbursed a total of £832 (2024: £726) for travelling expenses. 8. Fixed Asset Investments Market value at 1 April 2024 Acquisitions at cost Disposals at cost Change in market value in the period Market value at 31 March 2025 Historical cost: At 31 March 2025 At 31 March 2024 Equities Total 8,786,864 8,786,864 1,601,352 1,601,352 (1,545,121) (1,545, 121) (140,619) (140,619) 8,702,476 8,702,476 7,332,858 7,280,857 7,332,858 7,280,857 9. Debtors: Amounts falling due within one year Prepayments 2025 2,212 2,212 2024 305 305 10. Creditors: Amounts falling due within one year Accruals 2025 5,966 5,966 2024 5,840 5,840 - 17 -
The Anchor Foundation Notes to the Financial Statements for the year ended 31 March 2025 (continued) 11. Funds Analysis Unrestricted Capital Funds Revenue Funds Fixed asset investments Current assets Debtors Cash at bank and in hand Current liabilities Net current assets Net Assets/Funds - - 8,702,476 51,842 51,842 51,842 8,754,318 € 2025 Total Funds € 2024 Total Funds - 8,702,476 8,786,864 2,212 2,212 305 139,478 191,320 191,463 141,690 193,532 191,768 (5,966) (5,966) (5,840) 135,724 187,566 185,928 135,724 8,890,042 8,972,792 12. Capital Commitments and Contingent Liabilities There were no capital commitments at 31 March 2025. 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 £37,000 (2024 £8,000), have not been provided for in the accounts and are therefore disclosed as contingent liabilities. - 18-