2024-12-31-accounts - Anchor Project

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Anchor Project

Charity number 1169265

Annual Report and Financial Statements

for the year ended 31 December 2024

Anchor Project

Annual Report and Financial Statements for the year ended 31 December 2024

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 2024

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 Catherine Knamiller Sany Booshehri Rev Rosy Fairhurst Timothy Cole Becky Burch Ruaa Jirjees Luke Dennison Sarah Martin

Resigned 4 April 2025 Appointed 2 May 2024 Resigned 24 January 2024

Resigned 24 January 2024 Appointed 11 September 2024 Appointed 24 April 2024 Appointed 26 February 2025

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. The Parochial Church Council of St Clement's Church can nominate up to three trustees.

Anchor Project

Trustees' report (continued) for the year ended 31 December 2024

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: support for older people, support and integration for people seeking asylum and refugees, wellbeing and English conversation.

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 The successful recruitment of a new member of staff with lived experience of the UK asylum system. We are delighted at the new insights, skills and experience Dinara has brought to the team as she works to help reduce health inequalities for refugees and people seeking asylum.
l Celebrating 20 years of working alongside our community in BD3. Over 150 people of different ages, cultures, faiths, interests, languages and life experiences joined with us in marking this special occasion. Over the years we have been inspired, challenged, humbled, entertained, saddened, encouraged and ultimately, delighted by working with such wonderful people.
l Development of existing and new partnerships including Bradford Museums and Galleries, the Science and Media Museum, Born In Bradford, BReaTHe project at Bradford university, Happy Healthy You, Yorkshire Dales Millennium Trust and the Bradford Festival Choir.

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.

Anchor Project

Trustees' report (continued) for the year ended 31 December 2024

Achievements and performance (continued)

l Wednesday 10.30 – 11.30 – Yoga session for women. Followed by time for a chat and refreshments.
l Thursday 10.15 – 11.45am: 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 include:

l Wellbeing trips – our different partnerships enable us to organise trips to the countryside, museums and music concerts for people who would find it difficult or impossible to access such places.
l Refugee Week 2024 - 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 £92,798, including net receipts of £20,865 on unrestricted funds and net receipts of £71,933 on restricted funds after transfers.

Reserves policy

The charity's free reserves, at the year end were £54,530.

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. Based on budgeted redundancy costs and 2025 expenditure this equates to a reserves target of between £56,400 and £78,900.

Approved by the board of trustees on 18/7/2025

Catherine Knamiller (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 2024, 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

23/7/2025

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 2024

Notes 2024 Unrestricted funds £ Receipts Grants and donations (2) 16,677 Lunch club subs 2,501 Fundraising 5,391 Other Income 764 Total receipts 25,333 Payments Salaries and NI 579 Payroll charges - Office and church rent - Training and volunteers expenses 296 Office expenses 172 Insurance - Independent examination - Project expenses 2,939 Consultancy and freelancer fees - Sundry expenses 482 Hardship fund - Equipment - Total payments 4,468 Net receipts / (payments) 20,865 Fund balances brought forward 33,665 Fund balances carried forward (3) 54,530	2024 Restricted funds £ 160,554 - - - 160,554 58,134 487 6,900 777 3,385 1,279 858 11,909 3,669 75 165 983 88,621 71,933 21,848 93,781	2024 Total funds £ 177,231 2,501 5,391 764 185,887 58,713 487 6,900 1,073 3,557 1,279 858 14,848 3,669 557 165 983 93,089 92,798 55,513 148,311	2023 Total funds £ 66,912 1,823 2,500 650 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

Anchor Project

Statement of assets and liabilities as at 31 December 2024 2024 Unrestricted £ Cash funds Cash at bank 53,994 Cash in hand 536 Total cash funds 54,530 Debtors and prepayments Prepayments Assets retained for the charity's own use Photocopier Laptop x 2 Projector Liabilities Accruals	2024 Restricted £ 93,781 - 93,781	2024 Total £ 147,775 536 148,311 2024 £ 3,060 3,060 2024 £ 858 858	2023 Total £ 55,249 264 55,513

The financial statements were approved by the board of trustees on 18/7/2025

Catherine Knamiller (Trustee)

Anchor Project

Notes to the accounts

for the year ended 31 December 2024

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 2024

2 Grants and donations Asda Foundation Bradford Anglican Council for Social Aid (BACSA) Bradford District Community Foundation Bradford District Metropolitan Council (BDMC) Central 5 Community Partnership Hilden Charitable Trust Postcode Lottery The Brelms Trust CIO The Henry Smith Charity The Wharfedale Foundation West Yorkshire Integrated Care Board Wellsprings Together Yorkshire Dales Millennium Trust Other donations 3 Restricted funds Balance b/f £ The Henry Smith Charity 11,507 WY Integrated Care Board - Hardship Fund 41 BDMC Transformation Fund 400 The Brelms Trust CIO 3,500 BACSA - Hilden Charitable Trust 3,400 Wellsprings Resilience Fund 3,000 Asda Foundation - Central 5 Community P.ship - BD25 Creative Communities - BMDC Active Travel - Postcode Lottery - The Wharfedale Foundation - 21,848	2024 Unrestricted funds £ - - - - - - - - - - - - - 16,677 16,677 Incoming £ 35,000 72,500 220 - 6,000 3,000 4,500 - 400 2,550 6,872 4,512 20,000 5,000 160,554	2024 Restricted funds £ 400 3,000 6,872 4,512 2,550 4,500 20,000 6,000 35,000 5,000 72,500 - - 220 160,554 Outgoing £ 40,858 28,747 165 400 6,000 3,000 4,300 3,000 400 1,751 - - - - 88,621	2024 Total funds £ 400 3,000 6,872 4,512 2,550 4,500 20,000 6,000 35,000 5,000 72,500 - - 16,897 177,231 Transfers £ - - - - - - - - - - - - - - -	2023 Total funds £ - 3,000 - 3,200 - 4,500 - 6,000 35,000 - - 3,000 250 11,962 66,912 Balance c/f £ 5,649 43,753 96 - 3,500 - 3,600 - - 799 6,872 4,512 20,000 5,000 93,781

For fund descriptions see next page.

Anchor Project

Notes to the accounts continued for the year ended 31 December 2024

3 Restricted funds continued

Fund name

The Henry Smith Charity

WY Integrated Care Board Hardship Fund BDMC Transformation Fund The Brelms Trust CIO

BACSA Hilden Charitable Trust

Wellsprings Resilience Fund

Asda Foundation Central 5 Community P.ship

BD25 Creative Communities

BMDC Active Travel

Postcode Lottery The Wharfedale Foundation

Purpose of restriction

Support for the running costs of the charity to enable support for people from disadvantaged communities in Bradford.

To help reduce health inequalities for people seeking asylum and refugees. Fund supported by donations.

For consultant support - value planning, story telling and marketing. Part funding for the salary of a Support and Integration worker and associated running costs.

Provision of a women's English class.. 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.

Resources for vulnerable people in our community. To train someone with lived experience of vulnerability, isolation and the asylum process to share their story and to enhance older people's work. Joining in Bradford 2025, creating an artistic response to past stories, present feelings and future hopes for our local community.

For the purchase of an e-bike for use by staff members to help promote active travel.

To support marginalised groups and tackling inequality.

To contribute towards the salary costs of the Project Coordinator.

4 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 parties The Parochial Church Council of Bradford Saint Clement Has nomination rights for up to three trustees Rent for use of office and church Name of trustee or related party Relationship to charity Description of transaction	2024 £ 6,900 6,900	2023 £ 6,000 6,000