Anchor Project
Charity number 1169265
Annual Report and Financial Statements for the year ended 31 December 2020
Anchor Project
Annual Report and Financial Statements for the year ended 31 December 2020
| Contents | Page |
|---|---|
| Trustees' report | 2 to 4 |
| Examiner's report | 5 |
| Receipts and payments account | 6 |
| Statement of assets and liabilities | 7 |
| Notes to the accounts | 8 to 10 |
Prepared by West Yorkshire Community Accounting Service
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Anchor Project
Trustees' report for the year ended 31 December 2020
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates John Joyce Chair Gillian Tayo Resigned 8 October 2020 Sany Booshehri Rev Rosy Fairhurst Lucky Igharo Timothy Cole Appointed 1 March 2020 Becky Burch Appointed 8 March 2021
Charity number
The Charitable Incorporated Organisation (CIO) was registered with the Charity Commission for England and Wales, number 1169265, on 19 September 2016.
Principal address
Principal address Bankers St Clement's Church The Co-operative Bank Plc 294A Barkerend Road PO Box 250 Bradford Skelmersdale BD3 9DF WN8 6WT
Independent examiner
Rhys North ACA West Yorkshire Community Accounting Service Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a Charitable Incorporated Organisation (CIO) formed on 19 September 2016.
Method of recruitment and appointment of trustees
The trustees of the charity are appointed by a resolution passed at a properly convened meeting of the charity trustees.
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Anchor Project
Trustees' report (continued) for the year ended 31 December 2020
Objectives and activities
The charity's objects
The objects of the CIO are:
To develop the capacity and skills of the members of the socially and economically disadvantaged community of Bradford (the BD3 postcode area and neighbouring districts) in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society.
To promote equality and diversity for the public benefit by promoting activities to foster understanding between people from diverse backgrounds in Bradford (the BD3 postcode area and neighbouring districts).
To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society in Bradford (the BD3 postcode area and neighbouring districts). For the purpose of this clause 'socially excluded' means being excluded from society, or part of society, as a result of being a member of a socially and economically deprived community.
The charity's main activities
The Anchor Project operates in a number of areas of work, environment, support and integration and English conversation, each with its own salaried worker.
This work is supported by the employment of a Co-ordinator and the renting of office space from St Clements’s Church. The great majority of the Anchor Project’s costs are met by grants, some given for specific purposes.
Public benefit statement
In setting our objectives and planning our activities our trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of education and the prevention or relief of poverty.
Achievements and performance
The Anchor Project has had another successful year supporting many people, a number of whom find themselves on the margins due to their race, faith, gender, economic and/or immigration status.
Of course we have all faced many challenges due to the pandemic. As a result, in March 2020, the Anchor Project swapped to remote working and dealing with the immediate fall out of the lockdown. We phoned service users and volunteers, making sure people understood guidelines, had access to food, arranged shopping and school food vouchers, and sourced and delivered activity and planting packs to households. Our English classes moved to being online, complimented with worksheets and phone calls to practice speaking. We also worked in partnership with other organisations to enable asylum seekers and refugees to get online access.
As restrictions changed, we were able to organise collection days, inviting people (mainly asylum seekers and refugees) to come and collect items from our clothes bank as well as other extras including toiletries, food, toys, sanitary products and face masks.
In direct response to feedback received, we started a weekly hot meal delivery service for the older people we support. The Anchor Project already had a focus on helping people access the outdoors – this has been particularly significant this year. We have been able to support people who struggled to get out by themselves by offering walks either on a one-to-one basis or in small groups.
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Anchor Project
Trustees' report (continued) for the year ended 31 December 2020
Financial review
The net receipts for the year were £8,941, including net receipts of £7,276 on unrestricted funds and net receipts of £1,665 on restricted funds, after transfers.
Reserves policy
The charity's free reserves at the year end were £33,298 equivalent to nearly six months budgeted
The Anchor Project will maintain cash reserves sufficient to pay all liabilities including redundancy pay should its operation cease. It will aim to maintain unrestricted cash balances equivalent to a minimum of 3 months, and a maximum of 6 months, unrestricted expenditure.
Signed on behalf of the board of trustees on 24/05/2021
John Joyce (Trustee)
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Anchor Project
Independent examiner's report to the trustees of Anchor Project Charitable Incorporated Organisation ('the CIO')
I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31 December 2020, which are set out on pages 6 to 10.
Responsibilities and basis of report
As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the CIO's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1 accounting records were not kept in respect of the CIO as required by section 130 of the Act; or 2 the accounts do not accord with those records.
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.
Rhys North ACA
26/05/2021
West Yorkshire Community Accounting Service
Stringer House 34 Lupton Street Leeds LS10 2QW
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Anchor Project
Receipts and payments account
for the year ended 31 December 2020
| Notes 2020 Unrestricted funds £ Receipts Grants and donations (2) 7,833 Regular giving 1,920 Lunch Club Subs 144 Sundry income - Total receipts 9,897 Payments Salaries and NI (3) 1,838 Payroll charges - Office and church rent - Training and volunteers expenses - Office expenses - Insurance - Independent examination - Environment work - Support and integration work - Lunch Club expenses 145 Project expenses 100 Sundry expenses 133 Total payments 2,216 7,681 Transfers between funds (405) Net movement in funds after transfers 7,276 Fund balances brought forward 26,022 Fund balances carried forward (4) 33,298 Net receipts / (payments) |
2020 Restricted funds £ 67,580 - - - 67,580 49,609 652 5,200 1,192 4,656 1,019 510 465 1,356 - 379 1,282 66,320 1,260 405 1,665 10,287 11,952 |
2020 Total funds £ 75,413 1,920 144 - 77,477 51,447 652 5,200 1,192 4,656 1,019 510 465 1,356 145 479 1,415 68,536 8,941 - 8,941 36,309 45,250 |
2019 Total funds £ 75,688 1,950 1,528 360 79,526 48,817 503 5,200 1,339 6,303 938 480 1,999 2,283 1,619 1,423 1,520 72,424 7,102 - 7,102 29,207 36,309 |
|---|---|---|---|
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Anchor Project
Statement of assets and liabilities
| as at 31 December 2020 2020 Unrestricted £ Cash funds Cash at bank 33,248 Cash in hand 50 Total cash funds 33,298 Assets retained for the charity's own use, at cost Photocopier Laptop Liabilities Independent examination Reflective Practice sessions |
2020 Restricted £ 11,853 99 11,952 |
2020 Total £ 45,101 149 45,250 £ 1,194 529 1,723 £ 510 80 590 |
2019 Total £ 35,854 455 36,309 |
|---|---|---|---|
Approval of the accounts
The financial statements were approved by the board of trustees on 24/05/2021
John Joyce (Trustee)
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Anchor Project
Notes to the accounts
for the year ended 31 December 2020
1 Accounting policies
Basis of accounting
The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis.
There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
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Anchor Project
Notes to the accounts continued
for the year ended 31 December 2020
| 2 Grants and donations Controlling Migration Fund Henry Smith Reaching Communities The Brelms Trust CIO Speak English Radio Holy Trinity Combe Down Other grants and donations 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions |
2020 Unrestricted funds £ - - - - - 3,996 3,837 7,833 |
2020 Restricted funds £ - 30,000 32,400 5,000 130 - 50 67,580 |
2020 Total funds £ - 30,000 32,400 5,000 130 3,996 3,887 75,413 2020 £ 49,015 1,995 (1,995) 2,432 51,447 |
2019 Total funds £ 5,350 30,000 32,100 - - 3,996 4,242 75,688 2019 £ 46,619 1,832 (1,832) 2,198 48,817 |
|---|---|---|---|---|
The average number employees during the year was 4, being an average of 2.1 full time equivalent (2019: 4, 2.2 FTE). There were no employees with emoluments above £60,000.
| Defined contribution pension scheme Costs of the scheme to the charity for the year Amount of any contributions outstanding at the year end Amount of any contributions prepaid at the year end 4 Restricted funds Balance b/f Incoming £ £ Asylum Seekers Drop in Fund 983 50 Bradford MDC and Co-op Fund 553 - Controlling Migration Fund 2,500 - Henry Smith Charity 2,256 30,000 Inter Faith fund 98 - Reaching Communities 3,897 32,400 The Brelms Trust CIO - 5,000 Speak English Radio - 130 10,287 67,580 |
Outgoing £ 349 - 2,500 29,565 - 28,776 5,000 130 66,320 |
2020 £ 2,432 - - Transfers £ 82 - - 323 - - - - 405 |
2019 £ 2,198 - - Balance c/f £ 766 553 - 3,014 98 7,521 - - 11,952 |
|---|---|---|---|
For fund purposes see next page.
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Anchor Project
Notes to the accounts continued
for the year ended 31 December 2020
4 Restricted funds continued
Fund name
Purpose of restriction
Asylum Seekers Drop in Fund Bradford MDC and Co-op Fund Controlling Migration Fund Henry Smith Charity Inter Faith fund Reaching Communities The Brelms Trust CIO Speak English Radio
Fund supported by Wonderful Website and other donations. Towards costs of Environmental Projects. Towards cost of drop-in for asylum seekers and refugees. Towards costs of the project. Historical fund restricted for use in inter-faith work. Towards costs of the project. Towards costs of the Project Co-ordinator. To contribute towards the cost of a tablet computer.
The transfers relate to petty cash transactions in 2019 that had previously been allocated to unrestricted funds.
5 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits
No trustee received any remuneration or benefit during this or the previous year.
Other related party transactions
Other transactions with trustees or related parties
| Other transactions with trustees or related parties Has nomination rights for up to three trustees Rent for use of office and church Name of trustee or related party Relationship to charity Description of transaction The Parochial Church Council of St Clements Church |
2020 £ 5,200 5,200 |
2019 £ 5,200 5,200 |
|---|---|---|
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