## 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**
1
## 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.
2
## 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.
3
## 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)
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 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
5
## 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|
|---|---|---|---|
6
## 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)
7
## 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.
8
## 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.
9
## 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|
|---|---|---|
10