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 Fa￿bOok 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$ cUrren￿Y 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 V￿th 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 fOn￿ard 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 poI￿Y 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 V￿th 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 e￿or. 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