## Anchor Project
Charity number 1169265
## Annual Report and Financial Statements
for the year ended 31 December 2023
## 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**
1
## 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.
2
## 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.
3
## 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)
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 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
5
## 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|
|---|---|---|---|
6
## 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|
|---|---|---|
7
## 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.
8
## 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|
|---|---|---|---|---|---|
9
## 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
£
-
-|
|---|---|---|---|
10