The Anchor Society Limited (Limited by Guarantee)
Trustees’ report and unaudited financial statements for the year ended 31 December 2025
Company registration 05796497 (England and Wales)
Charity registration number 1116392
The Anchor Society Limited Trustees’ report and unaudited financial statements 31 December 2025
Contents
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Trustees’ responsibilities | 3 |
| Report of the Independent Examiner | 4 |
| Statement of financial activities | 6 |
| Balance Sheet | 7 |
| Notes | 8 |
The Anchor Society Limited Trustees’ report and unaudited financial statements 31 December 2025
Trustees’ Report
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, submit their report and the financial statements of the charity for the year ended 31 December 2025.
The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Reference and administrative details
The Anchor Society Limited is a company limited by guarantee, registered in England and Wales on 26 April 2006 (Number 05796497), and was registered as a charity on 16 October 2006 (Number 1116392).
Each of the members is liable to contribute a sum not exceeding £10 towards the assets of the company in the event of liquidation.
Registered Office Bennetts Solicitors Barley Wood Stables, Long Lane Wrington Bristol BS40 5SA. Independent examiner Lawes & Co UK Limited Boyce's Building 40-42 Regent Street Clifton Bristol BS8 4HU Solicitors Bennetts Solicitors Barley Wood Stables, Long Lane Wrington Bristol BS40 5SA Bankers HSBC UK Bank Plc 62 George White Street Cabot Circus Bristol BS1 3BA
Trustees
The following served as Trustees during the year:
| BJ Hanson | Chairman |
|---|---|
| HL Wallington | Hon Secretary |
| RE Evans | Hon Treasurer |
Company Secretary
HL Wallington
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The Anchor Society Limited Trustees’ report and unaudited financial statements 31 December 2025
Trustees’ Report (continued)
Structure and Governance
The Anchor Society Limited is controlled by its governing documents, its memorandum and articles of association as a company limited by guarantee as defined by the Companies Act 2006.
The charity is governed by its board of directors appointed in consultation with The Anchor Society CIO.
The Board can second additional members to advise it as it sees fit. All Board members, whether Trustees or Secondees, are appointed from The Anchor Society CIO's membership and are assessed by the Board as having the required skills and experience to fulfil their responsibilities. Decisions are made by the Board who meet on a quarterly basis.
Objectives and activities for the public benefit
The company was established to develop superior quality housing for older people in the BS and neighbouring postcode areas and to sell (outright or on a shared ownership basis) or rent these properties to qualifying persons. Profits generated are to be used to fund retained property equity shares and to enable future possible development schemes to be identified and progressed. Retained profits in excess of these needs may be transferred to The Anchor Society CIO and used to support its charitable purposes.
The company holds factory premises at Badminton Road, Yate which is let. The company has been given responsibility for applying for planning permission to develop properties to further enhance the charitable assets of The Anchor Society CIO. The rental income from the factory will fund investigation of new projects in pursuit of its charitable objectives and those of The Anchor Society CIO.
The company has made available low cost loans to needy individuals, aged over 55, for essential home improvements. These enable them to remain in their own home for longer. The loan is secured and repayable out the proceeds of sale when the owner leaves the property. They are indexed in line with the Consumer Prices Index.
The charity’s Trustees have complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission on public benefit.
Review of developments, activities and achievements
During the year, The Anchor Society Limited received rents from the factory premises at Badminton Road and supported The Anchor Society CIO with grants totalling £105,200.
A charitable donation of £15,000 was made to The Anchor Society CIO in support of their President’s collection.
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The Anchor Society Limited Trustees’ report and unaudited financial statements 31 December 2025
Trustees’ Report (continued)
Financial review
On 31[st] December 2025 the unrestricted reserves amounted to £1,566,621 which are mostly invested in long term, designated schemes (£1,100,000).
The Trustees review the level of cash and investments held at each meeting of the Board to ensure there are sufficient liquid funds to meet its commitments over the following 12 months. Future income will be used to meet its charitable objectives.
Risk management
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure proper controls are in place to provide reasonable assurance against fraud and error. Risks and their management are formally reviewed every year.
Statement of trustees’ responsibilities
The Trustees, who are also the directors for the purposes of company law, are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and regulations and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees 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 those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and that enable them to ensure that the financial statements comply with the Companies Act 2006. 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.
The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.
In so far as the Trustees are aware:
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there is no relevant information in relation to the independent examination of which the charitable company’s independent examiners are unaware; and
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the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information in relation to the independent examination and to establish that the independent examiners are aware of that information.
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The Anchor Society Limited Trustees’ report and unaudited financial statements 31 December 2025
Trustees’ Report (continued)
Independent examiner
The independent examiner, Lawes & Co UK Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of Trustees on 23[rd] April 2026 and signed on its behalf by:
RE Evans
Trustee
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The Anchor Society Limited Trustees’ report and unaudited financial statements 31 December 2025
Report of the independent examiner to the Trustees and members of The Anchor Society Limited (‘the Company’)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.
Responsibilities and basis of report
As the charity’s trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the 2011 Act (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr PA Freeman BA FCA FCCA for and on behalf of Lawes & Co UK Limited
Boyce’s Building 40-42 Regent Street Clifton Bristol, BS8 4HU
Dated: 30[th] April 2026
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The Anchor Society Limited Trustees’ report and unaudited financial statements 31 December 2025
Statement of financial activities for the year ended 31 December 2025
(including income and expenditure account)
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Income from: | |||
| Cash investments | 5,162 | 5,058 | |
| Other trading activities | 2 | 110,000 |
110,000 |
| 115,162 |
115,058 | ||
| Expenditure on: | |||
| Charitable activities | 4 | 124,392 | 107,905 |
| Raising funds | 5 | - |
203 |
| 124,392 |
108,108 | ||
| Net income/(expenditure) for the year | (9,230) | 6,950 | |
| Other recognised gains/losses: | |||
| Gains on investment assets: | |||
| Soft loans | 9 | 1,633 | 1,291 |
| Loss on sale of property | (46,213) |
- | |
| Net movement in funds | (53,810) | 8,241 | |
| Unrestricted funds brought forward | 1,620,431 |
1,612,190 | |
| Unrestricted funds carried forward | 1,566,621 |
1,620,431 |
The results for the period derive from continuing activities and there are no gains or losses other than those shown above.
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The Anchor Society Limited Trustees’ report and unaudited financial statements 31 December 2025
Registered company no. 05796497
Balance sheet
at 31 December 2025
| Note Fixed assets Fixed asset investments 8 Current assets Debtors 9 Prepayments Cash investments Cash at bank Current liabilities Amounts falling due within one year 10 Net current assets Net assets Represented by: Unrestricted funds 11 Designated Funds General Funds |
2025 £ £ 1,100,000 53,138 393 350,000 103,033 506,564 (39,943) 466,621 1,566,621 1,100,000 466,621 1,566,621 |
2024 £ £ 1,332,666 51,505 381 - 276,009 327,895 (40,130) 287,765 1,620,431 1,100,000 520,431 1,620,431 |
|---|---|---|
For the year ending 31 December 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with section 476 of the Companies Act 2006.
The Trustees acknowledge their responsibilities for
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a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies.
These financial statements were approved by the Board of Trustees on 23[rd] April 2026 and signed on its behalf by:
RE Evans
Trustee
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The Anchor Society Limited Trustees’ report and unaudited financial statements 31 December 2025
Notes
(forming part of the financial statements)
1 Accounting policies
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s financial statements.
Basis of preparation
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
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§ Donation income is credited in the year in which it is received, and no adjustments are made for arrears or advance receipts, except where covenanted donations are paid for several years in advance, in which case the balance relating to future periods is included in creditors.
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§ Donated services and facilities and gifts in kind are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
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§ Rental income is included when receivable.
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§ Investment income is included when receivable.
Expenditure
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
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§ Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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§ Governance costs include those costs associated with meeting constitutional and statutory requirements of the charity and include the audit fees and costs linked with the strategic management of the charity. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Allocation and apportionment of costs
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly; others are apportioned.
Tangible fixed assets
Fixed assets are stated at cost less accumulated depreciation. Assets with a value of less than £1,000 are not capitalised.
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The Anchor Society Limited Trustees’ report and unaudited financial statements 31 December 2025
Notes (continued)
Investment properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.
Leased assets
Rentals in respect of operating leases are charged directly to the statement of financial activities in the period in which they fall due.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees. In addition to the elderly and needy of Bristol, such funds may be held in order to finance capital investment and working capital.
Designated funds are those which the charity may, at its discretion, set aside for a specific purpose which would otherwise form part of the general reserves of the organisation. Specifically, the charity sets aside funds which represent the investment made in freehold property fixed assets for use by the charity and long-term loans to other charities for the provision of services to elderly persons in Bristol and the surrounding area.
2 Other trading activities
| Other trading activities | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Rent | 110,000 |
110,000 |
3 Analysis of expenditure by activity
| Assisting | ||||
|---|---|---|---|---|
| the elderly | Support | |||
| Note | in need | costs | Total | |
| £ | £ | £ | ||
| Donation to The Anchor Society CIO | 15,000 | - | 15,000 | |
| Grants to The Anchor Society CIO | 105,200 | - | 105,200 | |
| Governance costs | 6 | - | 4,192 |
4,192 |
| 120,200 | 4,192 | 124,392 |
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The Anchor Society Limited Trustees’ report and unaudited financial statements 31 December 2025
Notes (continued)
4 Expenditure on charitable activities
| Note | 2025 | 2024 | ||
|---|---|---|---|---|
| £ | £ | |||
| Grants | ||||
| The Anchor Society CIO | 120,200 | 105,000 | ||
| Governance costs | 6 | 4,192 |
2,905 |
|
| 124,392 |
107,905 |
|||
| 5 | Expenditure on raising funds | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Investment property costs | - |
203 |
||
| 6 | Governance costs | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Independent examiners’ remuneration | 1,650 | 1,650 | ||
| Other costs | 2,542 |
1,255 |
||
| 4,192 |
2,905 |
7 Trustees’ remuneration and benefits
There were no Trustees’ remuneration or other benefits for the year ended 31 December 2025 (2024: £Nil) and no Trustees’ expenses were paid for either period.
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The Anchor Society Limited Trustees’ report and unaudited financial statements 31 December 2025
Notes (continued)
8 Fixed asset investments
| Fixed asset investments | |
|---|---|
| Land and | |
| buildings | |
| Net Book Value at 1 January 2025 | 1,332,666 |
| Disposals | (232,666) |
| Net Book Value at 31 December 2025 | 1,100,000 |
Land and buildings
The net book value of land and buildings comprise:
| £ | |
|---|---|
| Freehold property | |
| Land and buildings at Yate | 1,100,000 |
| Development land | - |
| 1,100,000 |
Following the renewal of the lease in 2022, the Directors revalued the freehold land and buildings at Yate. The valuation is based on the rental yield, using discounted cash flow. The directors review the valuation each year.
9 Debtors - amounts falling due after more than one year
| Soft loans Debtors at beginning of the year Revaluation Debtors at year end |
2025 £ 51,505 1,633 53,138 |
2024 £ 50,214 1,291 51,505 |
|---|---|---|
Soft loans
These comprises loans made to individuals, aged over 55 years, for improvements to their homes to enable them to remain there.
The loans are secured on the properties and are repayable on disposal of the property. No interest is charged on the loan.
The value of the loans is adjusted in line with the consumer prices index to recognise the change in value during the year in accordance with the loan agreement. Any revaluation is recognised in the Statement of Financial Activities.
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The Anchor Society Limited Trustees’ report and unaudited financial statements 31 December 2025
Notes (continued)
10 Creditors falling due within one year
| Accruals Taxation Income in advance |
2025 £ 1,700 10,743 27,500 39,943 |
2024 £ 1,650 10,980 27,500 40,130 |
|---|---|---|
11 Movement in funds
| Designated Funds £ At 1 January 2025 1,100,000 Net movement in funds - At 31 December 2025 1,100,000 |
General Funds Total £ £ 520,431 1,620,431 (53,810) (53,810) 466,621 1,566,621 |
|---|---|
Net movement in funds, included in the above are as follows:
| Designated Funds £ Income - Expenditure - Gains and losses - Net movement in funds - |
General Funds £ 115,162 (124,392) (44,580) (53,810) |
Total £ 115,162 (126,430) (44,580) (53,810) |
|---|---|---|
Designated funds are those which the charity may, at its discretion, set aside for a specific purpose which would otherwise form part of the general reserves of the organisation. Specifically, the charity sets aside funds which represent the long term investment made in freehold property.
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The Anchor Society Limited Trustees’ report and unaudited financial statements 31 December 2025
Notes (continued)
12 Ultimate controlling party
There is no ultimate controlling party. The Anchor Society Limited is a company limited by guarantee.
Each of the members is liable to contribute a sum not exceeding £10 towards the assets of the company in the event of liquidation.
13 Related party transactions
During the year, a donation of £15,000 and grants of £105,200 were made to The Anchor Society CIO (2024: £105,000). All of the trustees are also trustees of The Anchor Society CIO.
During the year, the Society paid £3,251 to Bennetts Solicitors for professional fees. HL Wallington, a trustee, is a partner at Bennetts Solicitors.
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