REGISTERED CHARITY NUMBER: 1189016
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2023
for Camden Anchor
Ramsay Brown LLP The Brentano Suite Solar House 915 High Road North Finchley London N12 8QJ
Camden Anchor
Contents of the Financial Statements for the Year Ended 31 March 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 8 |
| Detailed Statement of Financial Activities | 9 |
Camden Anchor
Report of the Trustees
for the Year Ended 31 March 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its Constitution and is a Charitable Incorporated Organisation.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1189016
Principal address
St. Pancras Hospital Southwing 4 St. Pancras Way London NW1 0PE
Trustees
Dr J M Myat Ms J Ohlson Dr A J Warner
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................... Dr A J Warner - Trustee
Page 1
Camden Anchor
Report of the Trustees Statements - continued for the Year Ended 31 March 2023
Our Aims and Objectives
The aims of Camden Anchor are to promote and protect the health of the public, and in particular among people residing in London, by providing an infrastructure that involves people in a collective effort to build confidence in their own abilities and to experience opportunities that build their capacity and capabilities for positive health and well-being outcomes.
During the year 2022/23 these aims have been pursued by focussing on the gap between illness and disease at the intersection of community and healthcare. Several initiatives have been introduced, which includes the Listening Space Project, through which smaller projects have been launched, such as: the Cards Project, which aims to bring in processes and values-based discussions; Cost of Living Project ‘Helping Hands’, which aims to utilise funds from Camden Council to address the effects of the cost of living crisis on the most vulnerable groups of society; Circle of Soup, which promotes mental health through food via cooking to support health of the microbiome; Cycling for Mental Health; Roundtable Meeting at Phoenix Court; ‘On the Horizon’, which is inspired by the work of Laura Marshall Andrews at the Brighton WellBN practice’s HERA Project and the establishment of various community groups as a means to advocate for people’s health stories.
Plans for 2023/24 include the development of a plan to expand and promote additional areas of activity for Camden Anchor, further development of our governance processes and seeking to expand the number of Trustees with a more diverse range of skills and experience.
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Page 2
Camden Anchor
Statement of Financial Activities for the Year Ended 31 March 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 9,970 EXPENDITURE ON Raising funds 2 71 Other 1,318 Total 1,389 NET INCOME/(EXPENDITURE) 8,581 RECONCILIATION OF FUNDS Total funds brought forward 1,773 TOTAL FUNDS CARRIED FORWARD 10,354 |
2022 Total funds £ 100 1,381 841 2,222 (2,122) 3,895 1,773 |
|
|---|---|---|
Page 3
Camden Anchor
Balance Sheet 31 March 2023
| 2023 Unrestricted fund Notes £ CURRENT ASSETS Debtors 5 11,122 CREDITORS Amounts falling due within one year 6 (768) NET CURRENT ASSETS 10,354 TOTAL ASSETS LESS CURRENT LIABILITIES 10,354 NET ASSETS 10,354 FUNDS 7 Unrestricted funds 10,354 TOTAL FUNDS 10,354 |
2022 Total funds £ 2,973 (1,200) 1,773 1,773 1,773 1,773 1,773 |
|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Dr A J Warner - Trustee
Page 4
Camden Anchor
Notes to the Financial Statements for the Year Ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 5
Camden Anchor
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 2. RAISING FUNDS Property repairs |
2023 £ 71 |
2022 £ 1,381 |
|---|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 100 |
| EXPENDITURE ON | |
| Raising funds | 1,381 |
| Other | 841 |
Total |
2,222 |
| NET INCOME/(EXPENDITURE) | (2,122) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 3,895 |
| TOTAL FUNDS CARRIED | |
| FORWARD | 1,773 |
Page 6
Camden Anchor
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| £ | £ | |||||
| Amounts due from Camden Health Partners Ltd | 11,122 |
2,973 | ||||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 2023 | 2022 | |||||
| £ | £ | |||||
| Other creditors | 768 | 1,200 | ||||
| 7. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| movement | At | |||||
| At 1.4.22 | in funds | 31.3.23 | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 1,773 | 8,581 | 10,354 | |||
| TOTAL FUNDS | 1,773 | 8,581 | 10,354 | |||
| Net movement in funds, included in the above are as | follows: | |||||
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| General fund | 9,970 | (1,389) | - | 8,581 | ||
| TOTAL FUNDS | 9,970 | (1,389) | - | 8,581 |
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.21 £ 3,895 3,895 |
Net movement in funds £ (2,122) (2,122) |
At 31.3.22 £ 1,773 |
|---|---|---|---|
| 1,773 |
Page 7
Camden Anchor
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 100 | (2,222) | - | (2,122) |
| TOTAL FUNDS | 100 | (2,222) | - | (2,122) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.22 £ 3,895 3,895 |
Net movement in funds £ 6,459 6,459 |
At 31.3.23 £ 10,354 10,354 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 10,070 | (3,611) | - | 6,459 |
| TOTAL FUNDS | 10,070 | (3,611) | - | 6,459 |
8. RELATED PARTY DISCLOSURES
As at the year end the charity was owed by Camden Health Partners Ltd £11,122 (2022: £2,973).
Page 8
Camden Anchor
| Detailed Statement of Financial Activities for the Year Ended 31 March 2023 INCOME AND ENDOWMENTS Donations and legacies Grants Total incoming resources EXPENDITURE Investment management costs Property repairs Support costs Printing and stationery Information technology Subscription Governance costs Accountancy and legal fees Total resources expended Net (expenditure)/income |
2023 £ 9,970 9,970 71 550 - 768 1,389 8,581 |
2022 £ 100 100 1,381 - 241 600 |
|---|---|---|
| 2,222 | ||
| (2,122) |
Page 9