## Anchor Project Charity number 1169265 Annual Report and Financial Statements for the year ended 31 December 2022 _Group's logo_ ## 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** 1 ## 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. 2 ## 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. 3 ## 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) 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 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 5 ## 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| |---|---|---|---| 6 ## 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) 7 ## 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. 8 ## 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| |---|---|---|---|---| 9 ## 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| |---|---|---| 10