Charity registration numbèr SC016196 (Scollandl ANCHOR HOUSE CYRENIANS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
ANCHOR HOUSE CYRENIANS LEGAL AND ADMINISTRATIVE INFORMATION Man•g•m•nt Commltt•• (TnMt••8) (Appointed 23 January 20251 (Appointed 23 January 2025} Manag•r Ch•rlty numb•r SC016196 Prln¢ipal addr••• Ahchor Hous• 49 Cri•ff Road PERTb4 PH12RP Audltor MMG Archbold Limited 4 Albert Place PERTH PH2 8JE Bank•rs TSB Bank PLC PO Box 19 Meadowside DUNDEE DD1 9DU Solicitorn Llndsays LLP l O Blaekfriars Street Perth PH1 SNS
ANCHOR HOUSE CYRENIANS CONTENTS Page Management Comrnittee's report statement of management committee's responsibilities Independent auditor's report Statement of financial activities Balance sheet Statement of cash flows 10 Notes to the financial statements
ANCHOR HOUSE CYRENIANS MANAGEMENT COMMIThEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 The management committee present their report and accounts for the year ended 31 March 2025. The financial statements have been prepared in accordance wilh the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities and Trustee Investment (S¢otlandl Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2Q19). Objectives and activitle8 The charity's objects are lo provide quality supported accommodation. informed care, support and monitoring of vulnerable people who have alcohol andlor drug related problems, mental health issues and ex-offenders. and to provide a comprehensive housing support service to clients experiencing difficulties maintaining their tenancy. Public benefit The management committee have paid due regard to guidance issued by the Office of the Scottish Charities Regulator in deciding what activities the charity should undertake. Achievements and perfomiance Significanf activities and achievements against objectives The Management Committee are pleased to report thatAnchor House goes from strength to strength. The Neuk remains the leading service in Perth and Kinr05S that provides Mental Health support to people suffering distress. Through the extensive onsite support and the professional relationships that are now firmly in place, The Neuk has become an invaluable service lo the population of Perth and Kinross. This was clearly evidenced by the recent Presligious Chief Constable award for Partnership working. This was awarded in recognition for the work undertaking involving police referrals. The Neuk model is now being discussed in many strategic settings not only in Tayside but in other areas across Scotland, for example, Edinburgh and Forth Valley. This is testament to the innovative work carried out by and the team. The Committee would like to put on record a huge thanks to Wendy for all her hard work in obtaining funding for the project, this we know can be extremely challenging and time consuming. The committee are delighted to be involved in this groundbreaking project and are humbled by the feedback comments from service users regarding their experiences of The Neuk. ith financial support from the Forteviot Trust. commissioned an independent Ser¥e review and we cafl repon t at the findings confirmed the huge success of the project. For reference this report is available to all via a QR code which can be obtained on both The Neuk website and their FabOok page. Although the ongoin9 financial sustainability of the project is not secufed Derek advises the Committee that senior Perth and Kinross officers have been in touch to discuss a financial offer of assistance for next year. Wendy has also had positive success obtaining additional funding streams.
ANCHOR HOUSE CYRENIANS MANAGEMENT COMMITTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Th• outreach (SDS) project 1$ cUrrenY at capacty wlth 43 clients and a waitlng list of approximately 60 hrs of support requested. Atlanta Blues has been promoted to senlor support worker after completion of an SVQ3 and now assists the manager to provide a firsl-class sefvice lo vulnerable adults within the community who maIn at risk of tenancy failure. The Committee are grateful for the continued hard work and dedicats'on of the outreach team. Ongoing funding is more secure for this part of Ihe project due to service users qualify for Sel&DireGted Support funding. Anchor Hous• Crleff Road remains stable and effective. The project continues to provide the highest level of supported accommodation to 12 individuals. The project continues to have a high occupancy level and is the first choice for other professionals looking to place vulnerable people into a temporary safe environment. We wlsh Derek and the team continued success Vth all the operational projects. Financial r•vi•w Results for the year ended 31 March 2025 are given in the Statement of Financial Activities. The a$sels and liabilities are detsiled on the Balance Sheet. The Statement of Financial Activities shows a net inflow of funds for the year of £101,900 (2024: £303,168). This, added to the funds brought forward of £869,257 gives a surplus to carry fOnard of £971.157. The closing resepies are made up of restricted reserves of £384.938 and unrestricted reserves of £586.219. Full details of income and expenditu a set out in the notes to the accounts. The accounts 8ummarise the charity's transactions for the year and it8 financial position at the of that year and demonstrate how expenditure in the year has supported the key objectives of the charity. In the opiiion of the management committee the charity is in a sufficienty strong flnancial position to continue its operations and plans for the foreseeable future. ReseNes poIY Reserves pollcy Anchor House Cyrenians continues to adopt a policy whereby the unrestricted funds not committed or invested in tsngible fixed assets ("the free reserves") held by the charity should amount to six months of total expenditure. This equates to around £140,000 in general funds. At present free resen4es amount to £500.269 (2024 £361,529). Restricted fund at 31 march 2025 amount to £360,488.{2024 £445,661) . Major risks Ri•k manag•m•nt The management committee has assessed the major risks to which the charity is exposed, and are satisfied Ihat systems are in place to mits'gate exposure to the rnajor Ti5ks. The primary risk faced by the charity pertains to future funding. In addition to receiving funding from Perth and Kinross Council through a social service grant and housing benefft, the chanty obtained substantial funding during the year for the Neuk project. The largest contributors were Perth and Kinross Council and The Nakn'(nal Lottery Community Fund. However, there is always a risk that this lunding may not be sustsined in the future Considering the Success of the Neuk project, this risk is deemed to be minimal. Plans for futur• porlods Imthin the charity's future plans is the aim to continue to provide a local service providing support and assistance to client groups where the need is most acute. It is planned that V will maximise partnership working with statutory and other voluntary sector organisations to deliver a comprehensive support package. We will also share our experience and knowledge by providing training to other organisations. Structure, governanco and managom•nt The chanty is an unincorporated body and ts foundlng document is its constitution.
ANCHOR HOUSE CYRENIANS MANAGEMENT COMMITTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are members of the management committee. who served during the year were: (Appointed 23 January 2025) (Appointed 23 January 2025) Recruitrnent and appointmenl of trustees The members of the management commrttee are elected at the annual general meeting on the grounds Lrf their knowledge or expertise vAthin the field of social care. Organisational structure The charity considers its key personnel to be the trustees and Managers, The day to day decisions are taken by staff. Development decisions are taken by the management committee together with senior management at regular committee meetings. Induction and training of tnist8es Trustee induction includes information aboul the charity, such a$ the goveming document, an organisational chart. recent annual reports and accounts. The management committee's report was approved by the Board of Management Committee. I Iu5lO9 15 December 2025
ANCHOR HOUSE CYRENIANS STATEMENT OF MANAGEMENT COMMirrEE'S RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The management committee are responsible for preparing the Management Committee's Report and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Scotland requires the management commrttee lo prepare financial statements for each financial year which gNe a true and fair view of the state of affairs of the charity and of the incoming resources and appliGation of resources of the charity for that year. In preparing these financial statements. the management committee are required to: select suitable accounts'ng policies and then apply them consistently; obserrfe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements- and prepa the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The management Committee are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charty and enable them to ensure that the financial statements comply Vth the Charities and Trustee Investment (Scotland) Act 2005. the Charities Accounts (S¢otland} Regulations 2006 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for Ihe prevention ar deteth'on of fraud and other irregularities.
ANCHOR HOUSE CYRENIANS INDEPENDENT AUDITOR'S REPORT TO THE MANAGEMENT COMMIThEE OF ANCHOR HOUSE CYRENIANS Opinion We have audited the financial statements of Anchor House Cyrenians (the 'charity'} for the year ended 31 March 2025 which comprise the Statement of financial activities, the balance sheet, the Slatement of cash flows and note5 to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Rgporting Standard applicable in the UK and Republic of Ireland (Untted Kingdom Generally AcGepted Accounting Practice). In our opinion, the financial statements. give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, for the year then ended; have been propedy prepared in accordance with United Kingdom Generally Accepted AGcounting Practice; and have been prepared in accordance with the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006. Basis for opinion We conducted our audit in accordance with Intemational Slandards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit ol the financial stalemenls section of our report. We are independent of the Charity in a¢cordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, inclu(ling the FRC'S Ethical Standard, and we have fulfilled our olher ethical responsibilities in accordance with these requirements_ We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concèrn n audiling the financial statement5. we have concluded that the management committee's use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relaling to events or conditions that. individually or collectively, may cast significant doubt on the charity's ability to continue a5 a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the management mmIttee with respect to going concern are described in the relevant sections of this POrt. Other informatlon The other infomiation comprise$ the information induded in the annual report other than the finartial statements and our auditorfs report thereon. The management committee are responsible for the other information contained thin the annual report. Our opinion on the financial statements does not cover the other inforrnatw)n and we do not express any form of assurance conclusion thereon. Our responsibility 1$ to read the other infomation and, in doing so consider whether the olher information is materially inconsistent with the financial statemenls or our knowledge obtained in the course of the audit, or othervlise appears to be materialty misstated, If we identify suGh material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a malerial misstalement in the financial statements themselves. If, based on Ihe work we have performed, we conclude that there is a material misstalement ofthis other infonnation, we are required lo report that fact. We have nothing to report in this regard. Matters on which we arn raquired to report by exception We have nothing to report in respect of the following matters in relation to which the Chanties Pccounts (Scotland) Regulations 2006 requires us to report to you rf, in our opinion.. the information given in the financial ststements is inconsistent in any material respect wrth the management committee's report., or proper accounts.ng records have not been kept,. or the financial statements are not in agreement wilh the accounting records-. or we have not received all the information and explanations we require for our audit.
ANCHOR HOUSE CYRENIANS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MANAGEMENT COMMIThEE OF ANCHOR HOUSE CYRENIANS R•8pon$ibilitlM of management committ•• As explained more fully in the statement of management committee's responsibilib'es. the rnanagement committee are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the management committee determine is necessary to enable the preparalion of financial statements that are free from material misstatement. whether due to fraud or eor. In preparing the financial statements, the management committee are responsible for assessing the charity's abilty to Gontinue as going concem, disclosing. as applicable, matters lated to going concem and using the going concem basis of accounting unless the management committee etther intend to cease operations, or have no realistic altemative but to do so. Auditorfs responsibilities for the audlt of the flnanclal $tatsments We have been appointed as auditor under section 44(1)(c) of the Charities and Truslee Investment (Scotland) Acl 2005 and report in accordance wth the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or emr, and to issue an auditorfs report that Nicludes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance th ISAS (UK) will al*pys detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to infiuence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material mi55tatements in respect of irregularities, including fraud. The extent to which our procedures are Capable of detecting irregularities, including fraud. is detailed below. We discussed the risk of fraud and instances of non<ompliance with laws and regulations with the client's management. Management advised that there were no instances of fraud or non<ompliance with laws and reguSations identified or reported in the year or after the year end. There are also no incentives for intentional misstatement of the accounts by way of either management rernuneration incentives or due to any tar9ets imposed by funders or lenders. Audii procedures perfomied by the engagement team to detect material misstatements in respect of irregularities (including fraud) included.. Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations, including fraud. Review of meets'ng minutes to identify any compliance issues discussed at board level. Identification of the main laws and regulations applicable to the organisats'on and review of Legal and Regulatory correspondence to identrfy any issues arising. Review of Financial Ststements to ensure compliance with Generalty Accepted Accounting Requlrements (paying particular attention to Revenue Recognition). Review of legal fee expenditure. Identifying and assessing the design effectiveness of controls that management has in place to prevent and detect fraud and non-compliance wrth laws and regulations. Perfomiing analytical procedures to identfy any unusual or unexpethd relationships. investigating the rationale behind significant or unusual transaclions and agreeing financial statement disclosures to underlying 5UPPOrting documentation. Auditing the risk of managernent override ol Gontrols, including through lesting joumal entries arKI other adjustrnents for appropriateness. There are inherent limitats'ons in the audit procedures described above and the further removed non<ompliance wilh laws and regulations is from the events and transactions reflected in the financial statements. the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error. as fraud may involve deliberate concealment by, for example, forgery or Intentional misrepresentation, or through collusion.
ANCHOR HOUSE CYRENIANS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MANAGEMENT COMMITTEE OF ANCHOR HOUSE CYRENIANS A ftjrther description of our responsibilities is available on the Financial Repoth'ng Council's website at.. https.11 www.frc.org.uklauditorsresponsibilities. This description fomis part of our auditorfs report. Use of our report This report is made solely to the charity's trustees, as a body, in arxordance with Regulation 10 of the Charities Accounts {Scotland) Regulations 2006_ Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Gharity and the ¢harity'S trustees as a body, for our audit work, for this report, or for the opinions we have formed. For and on behalf ol ro,Mv *iichbold Li.Tited, Statutory Auditor Chartered Accountants 4 Albert Place PERTH PH2 8JE Date..
ANCHOR HOUSE CYRENIANS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrictod Restricted lund8 fund8 2025 2025 Total Unrestricted Re8tri¢tsd fvnds funds 2024 2024 Total 2025 2024 Note8 Incom• and •ndowm•nts from.. Donations and legacies Chantable activities Other trading activities Other income 23,432 504,254 234.263 257.695 504.264 12,058 20.196 17,220 498,904 238 392.051 409.271 498.904 9.016 12.058 8.778 20,196 Totsl Income 547,882 246,321 794,203 516,362 400.829 917.191 Expendlture on: Charitable activities 385,259 307.044 692,303 370,035 243.988 614.023 Total expendlturo 385,259 307.044 692.303 370,035 243.988 614.023 Net Incomel(expendlture) and movoment In funds 162.623 {60,723) 101.900 146,327 156.841 303.168 Reconciliation of funds: Fund balances at 1 April 2024 423,596 445,661 869,257 277,269 288.820 566,089 Fund balanGg• at 31 March 2025 586,219 384,938 971.157 423,596 445,661 869,257 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activitie8.
ANCHOR HOUSE CYRENIANS BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Flxed ass•ts Tangible assets 13 102,318 62,067 Current assets Debtors Cash at bank and in hand 14 41.067 868.189 46.832 788,976 909.256 835,808 Crodltors: amounts falling due within one year Taxation and social security Other Greditors 9.240 31,177 8,574 20,044 15 40,417 28,618 Net current assets 868.839 807,190 Total assets less current liabilities 971,157 869,257 The funds of the charity Restricted income funds Unrestricted funds 384,938 586,219 445,661 423,596 971,157 869,257 TITe financial statements were 3p?roved by the management committee on 15 December 2025 Tfustae
ANCHOR HOUSE CYRENIANS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Not•9 Cajh flow8 from operatlng actlvltlos Cash generated from operations 22 118.363 288,741 Investlng actlvftios Purchase of tangible fixed assets Proceeds from disposal of tangible fjxed assets (63,350) (5,000) 24,200 Not cash us•d in inv•sting activities (39.150) (5,0001 N•t cash genoratsd from financing activities Not incrna$• in cash and cash equivalents 79,213 283.741 Cash and cash equivalents al beginning of year 788.976 505,235 Cash and cash •qulval•nts at end of year 868.189 788.976 10-
ANCHOR HOUSE CYRENIANS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting poli¢les Charity Infomiation Anchor House Cyrenians is an unincorporated charity governed by its eonstitution. The principal address of the charity is Anchor House, 49 Crieff Road. Perth, PH12RP. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's governing docurnent. the Charities and Trustee Investment {Scotland) Act 2005, the Charities AG¢ounts IS¢otland} Regulations 2006 (as amended), FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ('FRS 102,) and the Charits'es SORP "Accounts'ng 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). The charity is a Public Benefit Entity as defined by FRS 102. The financial ststements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements. the management committee have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable futrjre. Thus the management committee continue to adopt the going concern basis of accounting in preparing Ihe financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the management committee in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts. 1.4 Incom8 Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are reco9nised on receipt. Other donations are recognised once the charity has been nOtifd of them, unless performance condits'ons require deferral of the amount. Govemment and other grants towards revenue expenditure are credited to revenue in the period to which they relate. 1.5 Expgnditure Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expendilure. Irrecoverable VAT is charged against the category of resources for which it was incurred. Charitable expenditure is incurred in the direct pursuance of the charity's principal objects. Govemanee costs comprise all cosls involving public accountability of the charity and its compliance with regulats'on and good practice. These costs include the expenses of audit of accounting records and legal and professional fees 11
ANCHOR HOUSE CYRENIANS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounllng pollcl•s (Continued) 1.6 Tanglbl• flxed assets Tangible fixed assets are initsally measured at cost and subsequentty measured at Cost or valuation, net of depreciats'on and any impairment losses. Fixed assets for charity use are capitalised at cost. The cost of minor addttions or those costs'ng below £500 are not caprtalised. Depreciation is charged. in the year of purchase, on ffixed assets as follows.. Land and buildings Motor vehicles 250A per annum reducing balance Heritable property is maintained, as a matter of policy, such that the residual value of the propety taken as a whole is at least equal to its book value. This fact can be vertfied by professional valuations vthen necessary. Having regard to this, it is the opinion of the management committee that depreciation of property required by the accounting standards would not be material. The gain or loss arising on the disposal of an assel is determined as the dhYeren¢e betsveen the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial activities. 1.7 Impalrn)ent of flxed assets At each reporting end date, the Gharity reviews the carrying amount5 of its tangible assets to determine whether there is any indication that those assets have suffered an impaiment loss. If any such indallOn exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (rf any). 1.8 Cash and cash equlvalonts Cash and cash equivalents include cash in hand and deposits held at call WFth banks. 1.9 Financial instruments The chanty has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial Instruments. Financial instruments are recognised in the Charity's balance sheet wthen the ¢harfy becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, ¥then there is a legally enforceable righl to set off the recognised amounts and there is an intention to settle on a net basis or to realise the as$et and settle the liability Simultaneously. 8aslc flnanclal a33ets 8asic financial assets. which indude debtors and cash and bank balances. are initially measured at transaction price induding transaction costs and are Subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of Interest. Financial assets classified as receivable within one year are not amortised. 12-
ANCHOR HOUSE CYRENIANS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Baslc flnanclal Ilabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities rf payment 1$ due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 1.10 Employee benefits The Gost of any unused holiday entitlement is re¢ognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charty is demonstrably committed to terminate the employment of an employee or to provide terrnination benefits. 1.11 Retirement benefits Payrnents to defined contribution retirernent benefrt schemes are charged as an expense as they fall due. 1.12 Leases Leases are classified as finance leases whenever the terms of the lease transfer substants'ally all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases. Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The relaled liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to net incomel(expenditure) for Ihe year so as to produce a constant periodic rate of interest on the remaining balance of the liability- Rentals payable under operating leases, including any lease incenlives received. are charged as an expense on a $traight line basis over the term of the relevant lease. Critical aeeountlng ostlmates and Judgemonts In the application of the charity's accounting policies. the managemenl committee are required to make judgements, estimates and assumptions about the carrying amount of assets and liabiltties that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects cnly that period, or in the period of the revision and future periods where the revision affects both current and future periods. Critical judgemonts Accrual8 Accruals are applied at the year end based upon financial costs received post year end and the experience ol the trustees. 13-
ANCHOR HOUSE CYRENIANS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donallons and legacl•s Unrnstrlcted R•strictsd fund• funds Total Unrestricted Restricted fijnds funds Total 2025 2025 2025 2024 2024 2024 Donations and gifts Grants received 23.432 23,432 234.263 17.220 3,243 388.808 20,463 388,808 234.263 23,432 234,263 257.695 17,220 392,051 409,271 Grants recelvablo for core actlvllles The Vardy Foundation Gleneagles Hotel Perth & Kinross Council Community Fund The Gannochy Twst Northwood Charitable Trust The Robertson Trust The Lighthouse for Perth Forteviot Charitable Trust 10,000 2.400 10.000 2.400 10,000 8,984 150.000 100,000 30,000 10,000 8,984 150,000 100,000 30,000 100,000 100.000 35,000 27,000 20,000 15,890 35.000 27.000 20.000 15.890 26,000 27.000 21.824 15.000 26,000 27,000 21,824 15,000 234,263 234.263 388.808 388,808 Charltable actlvltles Supported accommodatlon Supported accommodation 2026 2024 Perth & Kinross Council - social Yrk sep4ice grant Perth & Kinross Council - housing benef Private housing payments 175,747 319,01)4 9,503 233.577 262,534 2,793 504,254 498.904 14-
ANCHOR HOUSE CYRENIANS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from other trading activltl•s Unrestrlcted Restricted funds funds 2025 2025 Totsl Unr•slricted Restricted funds funds 2024 2024 Total 2025 2024 Fundraising events Rent receivable 238 238 8,778 12,058 12,058 8.778 Other trading activities 12.058 12,058 238 8.778 9,016 Other income Unrestricted Unrestrlcted funds funds 2025 2024 Net gain on disposal of tangible fixed assets 20.196 15-
ANCHOR HOUSE CYRENIANS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expgnditur• on charitabh actlvllS08 Charftabl• actlyltlos 2025 Charftabl• act5vllle8 2024 Direct costs staff costs Depreciation and impainnent Rent and rates Heat and light Repairs Food and cleaning materials Transport Miscellaneous expenses Consultancy 465,182 19,095 43,300 23,188 5,767 2,701 27,919 5,050 12,000 389,339 5.676 42.191 19,072 12.931 4,969 20,907 23,701 9,000 604,202 527,786 Share of support and governanc• costs l•M nots 8) Support Govemance 70,157 17,944 69,706 16,531 692,303 614,023 Analysls by fund Unrestricted funds Restricted funds 385,259 307,044 370,035 243,988 692,303 614.023 Support costs allocated to a¢tivitig$ 2025 2024 Basis of allocation Time Proportion of activity Proportion of activily Proportion of activity Pmportion of activity Pmportion of activty staff costs Insurance Telephone Postage and stats'onery Training Govemance costs 55,643 6,950 4,305 1,331 1,928 17,944 53,220 6,926 4,586 2,509 2,465 16,531 88,101 86,237 Analy8•d b•tw•en: Charitable activities 88.101 86,237 16-
ANCHOR HOUSE CYRENIANS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs •llocat•d to actlviti•• (Continu•d) 2025 2024 Gov•rnan¢• costs eomprl8•: Audit fées Accountancy Bank charges 8,480 11,372 92 6,000 10,434 97 17,944 16.531 N•t mov•m•nt In fund• 2025 2024 Th• n&t movement in fund$ is stated after chargingi(crediting)'. Fees payable for the audit of the charty's financial statements D•pr•ciation of owned tangible fixed assets Profit on disposal of tangible fixed assets 6,480 19,095 120,196) 6,000 5,676 10 Managèmènt Commltt•o None of the management committee (or any persons connected wrth them) received any remuneration, benefits or refund of expenses from the charity during the year. 11 Employ••s The average monthly numbér of employees durlng the year was.. 2025 Number 2024 Numb•r Management Project workers 16 Total 21 18 Employm•nt co•t• 2025 2024 Wages and salaries Social security costs Other pension eosts 474,839 37,260 8.726 409,491 26,121 6.947 520,825 442,559 There vRre no employees whose annual remunefation was more than £60,000. 17-
ANCHOR HOUSE CYRENIANS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Employ008 (Continued) Romuneration of key management pornonn•l The charity considers it5 key management personnel comprises the senior managers of Anchor House Cyrenians. 2025 2024 Aggregate compensatlon 111,284 106.438 12 Taxatlon The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 13 Tangible fixed assets Land and bulldlngs Motor ¥*Ncles Totsl Cost At 1 April 2024 Additions Disposals 45.035 62.355 63,350 {29,9951 107.390 63,350 129,9951 At 31 March 2025 45,035 95.710 140.745 D•pr•clatlon and Impalmi•nt At 1 April 2024 Depreciation Charged in the year Eliminated in respect of disposals 45.323 19,095 125.9911 45.323 19.095 (25,9911 At 31 March 2025 38.427 38,427 Carrying amount At 31 March 2025 45,035 57,283 102.318 At 31 March 2024 45.035 17.032 62.067 14 Debtors 2025 2024 Amounts falling du• with•n one yoar: Other debtor$ Prepayménts and accruèd ineome 32,856 8,211 39,928 6,904 41,067 46,832 18-
ANCHOR HOUSE CYRENIANS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Other creditors falling duo within one year 2025 2024 Other creditors A¢¢ruals and deferred income 16.755 14,422 4,018 16,026 31.177 20,044 16 Retirement benefft schemes 2025 2024 Defined contribution schem•s Charge to profit or loss in respect of defined contribution schemes 8.726 6,947 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund, 19-
ANCHOR HOUSE CYRENIANS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 R•strlct•d funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific condition5 by donors as to how they may be used. At 1 Aprll 2024 Incomlng r••ourc•• Resou08 At 31 March •xp•ndod 2025 Neuk Distress Brief Inteprfention Service 445.661 222.348 23,973 (283,071) {23,973) 384,938 445.661 246.321 (307,044) 384.938 Pravlous yoar: At 1 Aprll 2023 Incomlng r•sour¢ Resources At 31 March 0xnd•d 2024 Neuk 288,820 400.829 {243,988} 445.661 The Neuk project fund runs a mentsl heatth and suicide prevention hub that operates 24 hours per day. Distress Brief InteNents'on Service runs a telephone mental health support service. 18 Unr08tr1cted fvnds The unrestricled funds of the Charty comprise the unexpended balances of donations and granls which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestn'cted funds by the trustees for specific purposes. At 1 April 2024 Incoming R•sourc•s At 31 March resources oxpendod 2025 General fund8 423,596 547.882 {385,259) 586,219 Pr•vlou8 y•ar: At 1 Aprll 2023 Incomlng r••ourcos R•80urc•8 At 31 March expended 2024 General funds 277,269 516.362 (370,035) 423.596
ANCHOR HOUSE CYRENIANS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Analysis of nel assets between funds Unrestricted funds 2025 Reslrleted funds 2025 Total 2025 At 31 March 2025: Tangible assets Current assetsl(liabilities} 102,318 483,901 102,318 868,839 384,938 586,219 384,938 971,157 Unrestrlcted funds 2024 Restrlcted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsl{liabilities) 62,067 361,529 62,067 807,190 445,661 423,596 445.661 869,257 Unrestricted funds represent the resernes held to meet the day to day operations of the charity. In the opinion of the trustees, there are sufficient resources lo enable each fund to meet its requirements. 20 Operatlng lease commltments Lessee At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases. which fall due as follows. 2025 2024 Within one year 39.592 42,593 21 Related party tran$a¢tions During the year the charity received rent from The Lighthouse for Perth, a charity which Derek Given (Manager ofAnchor House), is a trustee. The amount of rent paid was £10,008 (2024 - £7,778). 21
ANCHOR HOUSE CYRENIANS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Cash generdted from operatlons 2025 2024 Surplus for the year 101,900 303,168 Adjustrnonts for: Gain on disposal oftsngible fixed assets Depreciation and impainnent of tangible fixed assets (20,196) 19,096 5,676 Movements In worklng capltal: Decreasel{increase) in debtors In¢a$e/(deCreaSe) in creditors 5,765 11,799 (17.139) (2,964) Cash genorat•d from oporatlons 118,363 288,741