## Anchor Church Report and Accounts Period ended 31 December 2020 1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk ## **ANCHOR CHURCH** ## **LEGAL & ADMINISTRATIVE DETAILS** ## **FOR THE PERIOD ENDED 31 DECEMBER 2020** ADDRESS FOR CORRESPONDENCE c/o The C of E Birmingham 1 Colmore Row Birmingham B3 2BJ GOVERNING DOCUMENT Constitution dated 20th August 2019 CHARITY REGISTRATION NUMBER 1186793 TRUSTEES Rev Chris Mitton (appointed 5 June 2019) Miriam Sadler (appointed 5 June 2019) Helena Kittle(appointed 5 June 2019) Sebrina Miller (appointed 5 June 2019) Kenny Smith (appointed 5 June 2019) Taylor Lynn Batte (appointed 12 May 2020) Charis Fergusson (from June 2020 to 4 February 2021) BANKERS Co-operative Bank INDEPENDENT EXAMINER Archie McDowall BA, CA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB **INDEX** Page 1 Legal & Administrative Details Pages 2-3 Trustees' Report Page 4 Independent Examiner's Report Page 5 Receipts and Payments Account Page 6 Statement of Assets & Liabilities Page 7 Notes to the Accounts Page 1 ## **ANCHOR CHURCH** ## **REPORT OF THE TRUSTEES** ## **FOR THE PERIOD ENDED 31 DECEMBER 2020** The Trustees have pleasure in submitting the Report and Accounts for the period ended 31 December 2020. ## **Objects of the charity** The charity, which is a church, is governed by a constitution dated 20 August 2019 and is constituted as a charitable incorporated organisation. The charity's principal objects, as set out in its governing document, are to advance the Christian faith within and from the Diocese of Birmingham for the benefit of the public in accordance with the doctrine, policies, practices and patterns of worship of the Church of England, by furthering its pastoral, evangelistic, social and ecumenical activities. ## **Summary of the charity's main activities and achievements** To further the above objects and vision, the charity's main activities and achievements were as follows: The charity has undertaken weekly Sunday worship (online when COVID restrictions have required), monthly prayer gatherings, the formation and growth of local communities around the table (both for church members and neighbours who would benefit from community), homeless outreach, establishment of the Meals&Music project with Unaccompanied Asylum Seeking Children (UASC), ministry with children and families, and the development of online teaching materials. In planning the activities, the Trustees have applied the guidance on public benefit issued by the Charity Commission. ## **Financial review** During the year income, the total income of the charity was £53,711 and total expenditure £9,563 resulting in cash held at the year end of £44,148 of which £7,000 was held for restricted purposes. ## **Reserves policy** The Trustees are considering what would be an appropriate amount for the charity to hold in reserve. This has not been done as yet due to the limited level of activity undertaken by the charity during the period under review. ## **COVID-19** In March 2020 the charity took steps (in line with government advice) to help contain the nationwide outbreak of Covid-19. This included the temporary suspension of all physical gatherings and the charity has had to curtail, or change, how it operates; the charity has been able to continue some of its activities using on-line media, including online worship, prayer, and community-building gatherings. We noted a drop in net income, largely, we think, due to financial uncertainty for our regular donors. The charity has not had to make any redundancies and did not make use of the furlough scheme. We were able to make significant savings due to not needing to rent space for our Sunday worship gathering. This helped enormously to mitigate the impact of a temporary reduction in income from our donors ## **Governance** Responsibility for setting policy and for making operating decisions rest with the trustees who meet regularly to monitor the activities of the charity. New trustees are recruited and appointed by the existing trustees. Page 2 ## **Relationships with other charities and related parties** The charity began with administrative and financial support from Gas Street Church (charity no. 1161342). We are now financially and administratively independent of Gas Street Church, but maintain close relational ties for communication and potential areas of collaboration. ## **Risk statement** The charity is exposed to various risks - be they operational, financial or reputational. The trustees ## **Responsibilities of trustees** Charity law requires us as Trustees to prepare financial statements for each accounting year which We are responsible for keeping proper accounting records which disclose with reasonable accuracy at We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to ## **Approval** This report was approved by the trustees and signed on their behalf by: Taylor Batte Date: 28 October 2021 Page 3 ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF** ## **ANCHOR CHURCH** I report to the trustees on my examination of the accounts of Anchor Church ('the charity') for the period ended 31 December 2020 on pages 5 to 7 following. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or 2. the accounts do not accord with the accounting records. I have no concerns and have come across no other matters in connection with the examination to which Archie McDowall BA, CA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB Date: 28 October 2021 Page 4 ## **ANCHOR CHURCH** ## **RECEIPTS AND PAYMENTS ACCOUNT** ## **FOR THE PERIOD ENDED 31 DECEMBER 2020** |Notes
**_Income receipts_**
Donations
Other grants
**_Total receipts_**
**_Payments_**
2
3
**_Total payments_**
Transfers between funds
6
**Net movement in funds**
Cash funds as at last year end
**Cash funds at this year end**
A
Payments in relation to charitable
activities undertaken directly
Grants paid in relation to charitable
activities undertaken by others
Net of receipts / (payments) before|Unrestricted
General
Funds
£
6,995
39,716
46,711
46,711
7,357
2,206
9,563
9,563
37,148
-
37,148
-
37,148|Restricted
Funds
£
-
7,000
7,000
7,000
-
-
-
-
7,000
-
7,000
-
7,000|2020
£| |---|---|---|---| ||||6,995
46,716| ||||53,711| ||||| ||||53,711| ||||7,357
2,206| ||||9,563| ||||| ||||9,563| ||||44,148
-| ||||44,148
-| ||||44,148| The notes on page 7 form part of these accounts. Page 5 ## **ANCHOR CHURCH** ## **STATEMENT OF ASSETS AND LIABILITIES FOR THE PERIOD ENDED 31 DECEMBER 2020** |Notes
**A**
**Cash funds**
Cash at bank with immediate access
Notice deposits
Petty cash
**B**
**Other monetary assets**
Gift aid due to charity
Other debtors
**C**
**Liabilities**
**Falling due within one year**
Loans
Trade creditors
Taxes due
Fee for Independent Examination
Accrued expenses||Unrestricted
General
funds
£
37,148
-
-
**37,148**
944
385
**1,329**
-
-
35
840
-
**875**|Restricted
funds
£
7,000
-
-
**7,000**
-
-
**-**
-
-
-
-
-
**-**|2020
£| |---|---|---|---|---| |||||44,148
-
-| |||||**44,148**| |||||944
385| |||||**1,329**| |||||-
-
35
840
-| |||||**875**| ## **D Guarantees and secured debts** The charity has not given any guarantees and has not provided its assets as security for any liabilities. The accounts were approved by the trustees and signed on their behalf by: ## Taylor Batte ## Date: 28 October 2021 The notes on page 7 form part of these accounts. Page 6 ## **ANCHOR CHURCH** ## **NOTES TO THE ACCOUNTS** ## **FOR THE PERIOD ENDED 31 DECEMBER 2020** ## **Accounting policies** The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. |**2**
**Payments in relation to charitable activities undertaken directly**
Employment costs (see note 4)
Ministry expenses
Students' work
Outreach activities
Insurance
Office costs|Unrestricted
General
funds
£
6,222
400
42
222
413
58
7,357|Restricted
Funds
£
-
-
-
-
-
-
-|Total
2020
£| |---|---|---|---| ||||6,222
400
42
222
413
58| ||||7,357| ## **3 Grants paid in relation to charitable activities undertaken by others** |Grants for:
Overseas mission
Relief of poverty
Education and training|-|-|1,706
500
-| |---|---|---|---| ||||2,206| ## **4 Transactions with related parties** No trustee or person related to a trustee received remuneration from the charity during the period. ## **6 Movement of funds** |**General funds**
**Restricted funds**
Meals and Music
**Total funds**|Balance at
31 Dec 2019
£
-
-
-
-
-
-|Receipts
£
46,711
46,711
7,000
-
7,000
53,711|Payments
£
9,563
-
9,563
-
-
-
-
9,563
-|Transfers
£
-
-
-
-
-
-|Balance at
31 Dec 2020
£
37,148| |---|---|---|---|---|---| ||||||37,148| ||||||-
7,000
-| ||||||7,000| ||||||44,148| Page 7