Anchor Project
Charity number 1169265
Annual Report and Financial Statements for the year ended 31 December 2021
Anchor Project
Annual Report and Financial Statements for the year ended 31 December 2021
| 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 Accountancy Service CIO
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Anchor Project
Trustees' report for the year ended 31 December 2021
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 Sany Booshehri Rev Rosy Fairhurst Lucky Igharo Timothy Cole Becky Burch Appointed 8 March 2021 Charity number 1169265 Registered in England and Wales Registered and 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 Accountancy Service CIO 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 and is governed by a foundation constitution.
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 2021
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
Individuals: Many of our achievements are experienced by individuals as they are enabled to face and resolve their various day-to-day challenges such as housing problems, immigration issues and health struggles, or are introduced to new and life-enhancing experiences. These small but significant successes continue week after week depending on what situations people are facing.
Weekly groups – During 2021 we adapted our support according to the changing situation and needs of the people around us. Throughout the pandemic we kept in meaningful contact with the majority of people who had accessed our services pre-Covid. When restrictions allowed, we worked hard to put the appropriate measures in place to keep people safe as they returned to meeting with others. We introduced a phased return to activities and are pleased to report that the majority of people have returned to the groups along with a significant number of new people. Our groups include: lunch club for elders, drop-in for asylum seekers and refugees, pre-school group, English conversation class, Women only basic English class.
Garden Competition – Once again we were able to hold our annual garden competition, providing a valuable space to celebrate beautiful local gardens. Entrants were invited to enjoy tea and cake outdoors to celebrate their achievements and award the prizes.
Trips and Activities : We organized trips to the local parks in the summer to encourage people to enjoy spending time outside. We were also able to hold various one-off sessions including children’s yoga, lantern making, flower arranging and Christmas wreath making.
Training – over the year we have benefitted from a variety of training including: Race Awareness; Understanding and including the LGBT+ community; Community resiliency and Wellbeing in the workplace. All training helped us consider different views and experiences and more deeply understand the needs and responses of others.
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Anchor Project
Trustees' report (continued) for the year ended 31 December 2021
Achievements and performance continued
Partnerships – We have successfully worked with a range of different organisations enabling us to offer a greater wealth of opportunity and enhancing our provision. Organisations include: Blooming Buds, Horton Community Farm, KML, Bradford Food Bank, Refugee Action, Yorkshire Dales Millennium Trust, The Good Neighbour Project.
Financial review
The net receipts for the year were £5,614, including net receipts of £4,279 on unrestricted funds and net receipts of £1,335 on restricted funds.
Reserves policy
The charity's free reserves at the year end were £37,577 equivalent to seven months budgeted expenditure.
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, of total budgeted expenditure.
Signed on behalf of the board of trustees on 9/8/2022
John Joyce (Trustee)
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Anchor Project
Independent examiner's report to the trustees of Anchor Project
I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31 December 2021, 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
10/8/2022
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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Anchor Project
Receipts and payments account
for the year ended 31 December 2021
| Notes 2021 Unrestricted funds £ Receipts Grants and donations (2) 8,115 Regular giving 1,920 Lunch club subs 1,164 Sundry Income 200 Total receipts 11,399 Payments Salaries and NI (3) 653 Payroll charges - Office and church rent - Training and volunteers expenses 180 Office expenses 303 Insurance - Independent examination - Environment work 14 Support and integration work 467 Lunch club expenses 1,461 Project expenses 190 Sundry expenses 692 Hardship fund - Legal and professional fees 3,160 Total payments 7,120 Net income / (expenditure) 4,279 Fund balances brought forward 33,298 Fund balances carried forward (4) 37,577 |
2021 Restricted funds £ 60,541 - - - 60,541 46,256 487 5,200 772 2,576 960 510 1,157 531 - 278 42 437 - 59,206 1,335 11,952 13,287 |
2021 Total funds £ 68,656 1,920 1,164 200 71,940 46,909 487 5,200 952 2,879 960 510 1,171 998 1,461 468 734 437 3,160 66,326 5,614 45,250 50,864 |
2020 Total funds £ 75,413 1,920 144 - 77,477 51,447 652 5,200 1,192 4,656 1,019 510 465 1,356 145 479 998 417 - 68,536 8,941 36,309 45,250 |
|---|---|---|---|
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Anchor Project
Statement of assets and liabilities
| as at 31 December 2021 2021 Unrestricted £ Cash funds Cash at bank 37,428 Cash in hand 149 Total cash funds 37,577 Assets retained for the charity's own use, at cost Photocopier Laptop Liabilities HMRC - PAYE/NI Independent examination |
2021 Restricted £ 13,287 - 13,287 |
2021 Total £ 50,715 149 50,864 £ 1,194 529 1,723 £ 268 510 778 |
2020 Total £ 45,101 149 45,250 |
|---|---|---|---|
The financial statements were approved by the board of trustees on 9/8/2022
John Joyce (Trustee)
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Anchor Project
Notes to the accounts continued
for the year ended 31 December 2021
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 2021
| 2 Grants and donations Henry Smith Reaching Communities Virgin Media O2 Together Fund Yorkshire Dales Millennium Trust 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 |
2021 Unrestricted funds £ - - - - - - 3,996 4,119 8,115 |
2021 Restricted funds £ 30,000 28,921 1,000 500 - - - 120 60,541 |
2021 Total funds £ 30,000 28,921 1,000 500 - - 3,996 4,239 68,656 2021 £ 44,663 1,789 (1,789) 2,246 46,909 |
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 |
|---|---|---|---|---|
The average number employees during the year was 3.8, being an average of 1.9 full time equivalent (2020: 4, 2.1 FTE). There were no employees with emoluments above £60,000.
| Defined contribution pension scheme Costs of the scheme to the charity for the year 4 Restricted funds Balance b/f £ Hardship Fund 766 Bradford MDC 553 Henry Smith Charity 3,014 Inter Faith fund 98 Reaching Communities 7,521 Yorkshire Dales Millenium Trust - Virgin Media O2 Together Fund - 11,952 |
Incoming £ 120 - 30,000 - 28,921 500 1,000 60,541 |
Outgoing £ 436 290 33,014 - 24,314 152 1,000 59,206 |
2021 £ 2,246 Transfers £ - - - - - - - - |
2020 £ 2,432 Balance c/f £ 450 263 - 98 12,128 348 - 13,287 |
|---|---|---|---|---|
Fund name Purpose of restriction Hardship Fund Fund supported by Wonderful Website and other donations. Bradford MDC Towards costs of Environmental Projects. Henry Smith Charity Towards costs of the project. Inter Faith fund Historical fund restricted for use in inter-faith work. Reaching Communities Towards costs of the project. Yorkshire Dales Millenium Trust Towards winter crafts and activities. Virgin Media O2 Together Fund Towards cost of the garden competition.
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Anchor Project
Notes to the accounts continued
for the year ended 31 December 2021
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 parti 6 Funds held as agent Young Ambassadors Has nomination rights for up to three trustees Name of trustee or related party Relationship to charity The Parochial Church Council of Bradford Saint Clement |
es Balance b/f Incoming £ £ - 1,025 - 1,025 Rent for use of office and church Description of transaction |
2021 £ 5,200 5,200 Outgoing £ 110 110 |
2020 £ 5,200 5,200 Balance c/f £ 915 915 |
|---|---|---|---|
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