## 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**
1
## 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.
2
## 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.
3
## 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)
4
## 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
5
## 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|
|---|---|---|---|
6
## 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)
7
## 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.
8
## 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.
9
## 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|
|---|---|---|
10