2023-12-31-accounts - Anchor Project

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Anchor Project

Charity number 1169265

Annual Report and Financial Statements

for the year ended 31 December 2023

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Anchor Project

Annual Report and Financial Statements for the year ended 31 December 2023

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

Anchor Project

Trustees' report for the year ended 31 December 2023

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 Resigned 24 January 2024 Rev Rosy Fairhurst Timothy Cole Becky Burch Resigned 24 January 2024 Lucky Igharo Resigned 18 January 2023 Catherine Knamiller Appointed 2 May 2023 Luke Dennison Appointed 24 April 2024

Charity number

1169265

Registered in England and Wales

Registered and principal address Bankers St Clement's Church The Co-operative Bank Plc 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.

Anchor Project

Trustees' report (continued) for the year ended 31 December 2023

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 being 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

Many of our successes are experienced by individuals as they are supported to face and resolve their various day-to-day challenges. Other achievements include:

l We have recently recruited for the new role of Refugee Community Health Worker We are very excited about this development and see it as a significant achievement. Anchor Project has supported people seeking asylum and refugees for a number of years and recognise the importance of having a member of staff from that community.
l The development of successful new partnerships: (i) Our partnership with Happy Healthy You (HHU) enabled us to develop the Refugee Community Health worker initiative. Anchor has experience of the refugee community and the structure to employ the worker, HHU has experience in community health provision and activities. (ii) Working with Bradford Museums and Galleries resulted in a joint project, together with St Clément's around the building, artwork and activities that happen there. This successful initiative allowed space for the sharing of peoples journeys and experiences. (iii) our continued partnership with Participate Projects provides support to our fundraising and strategic planning.
l Fundraising – In September, Anchor Project launched ‘Swap Your Shop’ a fundraising initiative to engage people in the issues facing people living on very limited budgets whilst also raising money to support our work. We were delighted to raise £5,400, from over 80 donors, as well as highlighting the very real struggles many people face. This was the first time we had tried anything like this, and its success means that we plan to continue working with Participate to develop it further over the coming year.

Anchor Project

Trustees' report (continued) for the year ended 31 December 2023

Achievements and performance (continued)

l Wellbeing – we continue to be concerned for the wellbeing of all people and have successfully provided different opportunities for people to connect with themselves, nature, music and other people to enhance their wellbeing. This has included providing a safe space and an opportunity to share a meal together, a new yoga class for all ages and abilities, trips to the Yorkshire Dales, and opportunity to enjoy some music events.

Regular activities

l Monday 11am to 1.15pm Elders Lunch and Activities club. Weekly activity for elderly residents. Participants have refreshments, an activity relating to their interests or needs, (e.g. talks, seated exercises), followed by a freshly cooked hot meal.
l Tuesday 10am to 12 noon: BD3 CARE – Drop-in for asylum seekers and refugees. People can collect essential items (food, clothes, toiletries) and access one-to-one support as required. All are invited to stay to join a craft activity or stay for refreshments and friendship.
l Wednesday mornings – Due to a change in demand we stopped our young families group and started some ‘Living-on-less’ sessions which ran from 11am – to 1pm for about 6 months. At the beginning of 2024 we were offered some yoga sessions. These are proving very popular and run each week 10.30 – 11.30am followed by time for a chat and refreshments.
l Thursday 1pm – 2.30pm: Everyday English Class. English class for men and women providing conversation between local English speakers (volunteers) and learners,
l Friday 10.15 – 11.45: English My Way Class. An informal, fun class for women only. People with very basic English come to learn and practice English skills and to gain confidence in communicating with English speakers.

Other activities

l Wellbeing trips – in partnership with People and the Dales and other supporters of our work, we organised trips to the countryside. In partnership with Opera North and Bradford Festival choir we arranged trips to music concerts.
l As part of our work with Bradford Museums and Galleries, we held two summer events to gather stories and offer a creative space. We followed this with a series of six small group workshops inviting a mix of people from Anchor Project and the church.
l Refugee Week 2023 - As part of refugee week we facilitated an activity for the Great Get Together in a local Park.

Financial review

The net receipts for the year were £6,375, including net receipts of £1,422 on unrestricted funds and net receipts of £4,953 on restricted funds.

Reserves policy

The charity's free reserves, at the year end were £33,665.

The Anchor Project will maintain reserves sufficient to pay all liabilities including redundancy pay should its operation cease together with additional funds equivalent to a minimum of 3 months, and a maximum of 6 months, of total budgeted expenditure. Based on budgeted redundancy costs and 2024 expenditure this equates to a reserves target of between £54,600 and £78,300.

Approved by the board of trustees on 17/07/2024

John Joyce (Trustee)

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 2023, 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

22/07/2024

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

Anchor Project

Receipts and payments account for the year ended 31 December 2023

Notes 2023 Unrestricted funds £ Receipts Grants and donations (2) 11,962 Lunch club subs 1,823 Other Income 650 Hosting fees - Fundraising 2,500 Total receipts 16,935 Payments Salaries and NI (3) 7,113 Payroll charges 275 Office and church rent 2,360 Training and volunteers expenses 397 Office expenses 1,621 Insurance - Independent examination - Support and integration work - Project expenses 3,360 Consultancy fees - Sundry expenses 387 Hardship fund - Total payments 15,513 Net receipts / (payments) 1,422 Fund balances brought forward 32,243 Fund balances carried forward (4) 33,665	2023 Restricted funds £ 54,950 - - - - 54,950 36,405 260 3,640 153 2,012 1,005 792 - 805 4,550 75 300 49,997 4,953 16,895 21,848	2023 Total funds £ 66,912 1,823 650 - 2,500 71,885 43,518 535 6,000 550 3,633 1,005 792 - 4,165 4,550 462 300 65,510 6,375 49,138 55,513	2022 Total funds £ 55,686 1,004 289 2,500 - 59,479 43,818 306 5,800 1,212 2,612 881 510 98 3,558 1,775 316 319 61,205 (1,726) 50,864 49,138

Anchor Project

Statement of assets and liabilities

as at 31 December 2023 2023 2023 Unrestricted Restricted £ £ Cash funds Cash at bank 33,401 21,848 Cash in hand 264 - Total cash funds 33,665 21,848 Debtors and prepayments Prepayments - Insurance and IT service contract Other debtors - Gift aid and fundraising income Assets retained for the charity's own use Photocopier Laptop Projector Liabilities Accruals - Indpendent examination The financial statements were approved by the board of trustees on 17/07/2024 John Joyce (Trustee)	2023 Total £ 55,249 264 55,513 2023 £ 471 3,671 4,142 2023 £ 858 858	2022 Total £ 49,088 50 49,138

Anchor Project

Notes to the accounts

for the year ended 31 December 2023

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.

Anchor Project

Notes to the accounts continued

for the year ended 31 December 2023

2 Grants and donations Bradford Anglican Council for Social Aid (BACSA) Bradford District Metropolitan Council (BDMC) Hilden Charitable Trust Holy Trinity Combe Down The Brelms Trust CIO The Henry Smith Charity Wellsprings Together Yorkshire Dales Millennium Trust Artworks Creative Communities Leeds Community Foundation (LCF) Yorkshire Dales Millennium Trust Other donations 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions	2023 Unrestricted funds £ - - - 4,546 - - - - - - - 7,416 11,962	2023 Restricted funds £ 3,000 3,200 4,500 - 6,000 35,000 3,000 250 - - - - 54,950	2023 Total funds £ 3,000 3,200 4,500 4,546 6,000 35,000 3,000 250 - - - 7,416 66,912 2023 £ 41,445 1,954 (1,954) 2,072 43,518	2022 Total funds £ - 1,600 - 4,296 - 35,000 - - 240 10,000 600 3,950 55,686 2022 £ 41,744 2,092 (2,092) 2,074 43,818

The average number employees during the year was 3, being an average of 1.5 full time equivalent (2022: 3, 1.6 FTE). There were no employees with emoluments above £60,000.

4 Restricted funds The Henry Smith Charity LCF - The Bradford Fund Hardship Fund BDMC - Transformation Fund BACSA BDMC - UKSPF BDMC - Coronation Yorkshire Dales Millennium Trust The Brelms Trust CIO Hilden Charitable Trust Wellsprings Resilience Fund	Balance b/f £ 11,600 3,354 341 1,600 - - - - - - - 16,895	Incoming £ 35,000 - - - 3,000 3,000 200 250 6,000 4,500 3,000 54,950	Outgoing £ 35,093 3,354 300 1,200 3,000 3,000 200 250 2,500 1,100 - 49,997	Transfers £ - - - - - - - - - - - -	Balance c/f £ 11,507 - 41 400 - - - - 3,500 3,400 3,000 21,848

Anchor Project

Notes to the accounts continued for the year ended 31 December 2023

4 Restricted funds continued

Fund name

The Henry Smith Charity

LCF - The Bradford Fund Hardship Fund BDMC - Transformation Fund BACSA BDMC - UKSPF BDMC - Coronation Yorkshire Dales Millennium Trust The Brelms Trust CIO

Hilden Charitable Trust

Wellsprings Resilience Fund

Purpose of restriction

Support for the running costs of the charity to enable support for people from disadvantaged communities in Bradford. To improve the charity's resilience. Fund supported by donations. For consultant support - value planning, story telling and marketing. Provision of a women's English class.. To deliver Living on Less sessions. Towards the cost of running a Coronation event. To support transport costs to enable people to access the Dales. Part funding for the salary of a Support and Integration worker and associated running costs. Towards salaries, venue hire, management and admin costs for a drop-in service for refugees and asylum seekers.

To work with an external organisation to increase the financial resilience of our organisation.

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

Other transactions with trustees or related part 6 Funds held as agent Young Ambassadors Name of related party Relationship to charity Has nomination rights for up to three trustees The Parochial Church Council of Bradford Saint Clement	ies Balance b/f Incoming £ £ 633 - 633 - Description of transaction Rent for use of office and church	2023 £ 6,000 6,000 Outgoing £ 633 633	2022 £ 5,800 5,800 Balance c/f £ - -