Anchor Project
Charity number 1169265
Annual Report and Financial Statements for the year ended 31 December 2022
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Anchor Project
Annual Report and Financial Statements for the year ended 31 December 2022
| 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 2022
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 Resigned 18 January 2023 Timothy Cole Becky Burch Catherine Knamiller Appointed 2 May 2023 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 2022
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.
Effective return post pandemic: We took a sensitive and flexible approach to returning post Covid. As a result the majority of our sessions are now running at full capacity. Weekly groups include: lunch club for elders, dropin for asylum seekers and refugees, pre-school group, English conversation class, women only basic English class.
Trips and Activities: Various one-off activities included three wellbeing trips to the Yorkshire Dales, Christmas wreath making and tub planting with young people.
Refugee Week 2022: As part of refugee week, we partnered with Refugee Action Bradford, to host a series of CRM (Community Resiliency Model) workshops inviting asylum seekers to explore the impacts of trauma on their wellbeing and try out different resiliency skills. We also facilitated an activity for the Great Get Together in a local Park.
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: People and the Dales, Refugee Action, Bradford Food Bank, The Good Neighbour Project.
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Anchor Project
Trustees' report (continued) for the year ended 31 December 2022
Financial review
The net payments for the year was £1,726, including net payments of £5,334 on unrestricted funds and net receipts of £3,608 on restricted funds.
Reserves policy
The charity's free reserves, at the year end were £32,243.
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.
Approved by the board of trustees on 14/6/2023
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 2022, 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 charity as required by section 130 of the Charities Act; 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
15/6/2023
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 2022
| Notes 2022 Unrestricted funds £ Receipts Grants and donations (2) 8,036 Lunch club subs 1,004 Sundry Income 289 Hosting fees 2,500 Total receipts 11,829 Payments Salaries and NI (3) 10,781 Payroll charges - Office and church rent 3,000 Training and volunteers expenses 544 Office expenses 645 Insurance - Independent examination 510 Support and integration work - Lunch club expenses 1,143 Project expenses 224 Sundry expenses 316 Hardship fund - Legal and professional fees - Total payments 17,163 Net receipts / (payments) (5,334) Fund balances brought forward 37,577 Fund balances carried forward (4) 32,243 |
2022 Restricted funds £ 47,650 - - - 47,650 33,037 306 2,800 668 1,967 881 - 98 180 3,786 - 319 - 44,042 3,608 13,287 16,895 |
2022 Total funds £ 55,686 1,004 289 2,500 59,479 43,818 306 5,800 1,212 2,612 881 510 98 1,323 4,010 316 319 - 61,205 (1,726) 50,864 49,138 |
2021 Total funds £ 70,576 1,164 200 - 71,940 46,909 487 5,200 952 2,879 960 510 998 1,461 1,639 734 437 3,160 66,326 5,614 45,250 50,864 |
|---|---|---|---|
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Anchor Project
Statement of assets and liabilities
| as at 31 December 2022 2022 Unrestricted £ Cash funds Cash at bank 32,193 Cash in hand 50 Total cash funds 32,243 Debtors and prepayments Prepaid insurance Assets retained for the charity's own use Photocopier Laptop Liabilities Accruals - Independent examiner fee |
2022 Restricted £ 16,895 - 16,895 |
2022 Total £ 49,088 50 49,138 2022 £ 147 147 2022 £ 792 792 |
2021 Total £ 50,715 149 50,864 |
|---|---|---|---|
The financial statements were approved by the board of trustees on 14/6/2023
John Joyce (Trustee)
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Anchor Project
Notes to the accounts
for the year ended 31 December 2022
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 2022
| 2 Grants and donations Bradford District Metropolitan Council (BDMC) The Henry Smith Charity Holy Trinity Combe Down Artworks Creative Communities (ACC) Leeds Community Foundation (LCF) Yorkshire Dales Millennium Trust Reaching Communities Virgin Media O2 Together Fund Other grants and donations 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions |
2022 Unrestricted funds £ - - 4,296 - - - - - 3,740 8,036 |
2022 Restricted funds £ 1,600 35,000 - 240 10,000 600 - - 210 47,650 |
2022 Total funds £ 1,600 35,000 4,296 240 10,000 600 - - 3,950 55,686 2022 £ 41,744 2,092 (2,092) 2,074 43,818 |
2021 Total funds £ - 30,000 3,996 - 500 28,921 1,000 6,159 70,576 2021 £ 44,663 1,789 (1,789) 2,246 46,909 |
|---|---|---|---|---|
The average number employees during the year was 3, being an average of 1.6 full time equivalent (2021: 3.8, 1.9 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 450 BMDC Environment 263 Inter Faith fund 98 Reaching Communities 12,128 Yorkshire Dales Millenium Trust 348 LCF - The Bradford Fund - The Henry Smith Charity - BDMC Transformation Fund - ACC Refugee Week - 13,287 |
Incoming £ 210 - - - 600 10,000 35,000 1,600 240 47,650 |
Outgoing £ 319 263 98 12,128 948 6,646 23,400 - 240 44,042 |
2022 £ 2,074 Transfers £ - - - - - - - - - - |
2021 £ 2,246 Balance c/f £ 341 - - - - 3,354 11,600 1,600 - 16,895 |
|---|---|---|---|---|
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Anchor Project
Notes to the accounts continued
for the year ended 31 December 2022
4 Restricted funds continued
Purpose of restriction
Fund name Purpose of restriction Hardship Fund Fund supported by Wonderful Website and other donations. BMDC Environment Towards costs of environmental projects. 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. LCF - The Bradford Fund To improve the charity's resilience. The Henry Smith Charity Towards three years' continuation funding of the running costs of an organisation providing support for people from disadvantaged communities BDMC Transformation Fund For consultant support - value planning, story telling and marketing. ACC Refugee Week Towards Refugee Week activities.
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 transactions with trustees or related parties 6 Funds held as agent Balance b/f Incoming £ £ Young Ambassadors 915 - 915 - Name of trustee Relationship to Description of transaction The Parochial Church Council of Bradford Saint Clement Has nomination rights for up to three trustees Rent for use of office and church |
2022 £ 5,800 5,800 Outgoing £ 282 282 |
2021 £ 5,200 5,200 Balance c/f £ 633 633 |
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