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