Charlty number: SC025332 FRIENDS OF ANCHOR TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FRIENDS OF ANCHOR CONTENTS Pag8 Rofornnco and admlnlstratlvo dotall8 of tho Charlty, Its Tru$t•O8 and advlsers Tru8tee8' report Trustee8' rosponslbllltlo8 statement Indepondont audltorfs roport on th• flnanclal •tatsm•nts Statomenl of flnanclal acllvltl•• 2-14 15 16-18 19 Balance shoot 20 Stat•m•nt of cash Ilows 21 Note• to tho flnanGlal •tatsmgnts 22-34
FRIENDS OFANCHOR REFERENCE AND ADMINISTrATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVI8ER8 FOR THE YEAR ENDED 31 MARCH 2025 Tru8teeB Charfty raglstarnd number SCQ25332 Prlnclpal offlGe clo Balmoral Group Hokllngs Llmlted Balmoral Park Loirston Aberd8en A812 3GY Independent audltor AA8 Au(*t & AOuntancY Limited Statutory Audltor Kingshill Vlew Prime Four Business Park Klngswells Aberdeen A815 8PU Bankor• Bank of Scotland 48-58 Uppofklthgate Aberdeen A810 18A Pag8 1
FRIENDS OFANCHOR TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual r8POrt tog8ther wlth the audlted financlal statements of the Charfty for the year 1 Aprll 2024 to 31 March 2025. The financial ststements have been prepared In accordance wlth the accounting policies set out in note 1 to the financial statements and comply with the Trust's Constitution. the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard appllcable Sn the UK and Republic of Ireland (FRS 102). 1.0 Our Purpo8• Vlllon Maklng a posltlve Impact In the Ilve8 of those affected by cancer or a blood dlsorder In the north of Scotland, through compasslon, care and hope. Mlsslon Friends of ANCHOR'S 8UPPOrt Is freely available to everyone. every day. and also extends to patlent famllles and cllnlcal staff, Our dally presence In Aberdeen's ANCHOR Unlt, and our connectlon to patSents and hospltals across the reglon, mean we're In the unique posltlon to go above and beyond core cllnlcal care wlth person- centred, practlcal 8UPPOrt. Worklng hand-In-glov8 wlth th8 NHS, w8 take care of th088 'bSg 11tt18 thlng8' wh6ther It'8 8 Ilstenlng ear, a home comfort or a 8mllSng face and our staff and volunteers are there when theyre m08t needed. Our commltment to lundlng cuttlng edge equlpment and research, alongslde thls wellb8lng offerlng, keeps the developlng needs of patlent care at the forefront of what we do. People wlll alwayB be at the heart of Frlends of ANCHOR, and our work Is only posslble thanks to our dedicated volunteers. fundralsers and supporters. Slnce our launch In 1997. Balmoral Group remalns our core supporter coverfng the charitys admln costs and ensurlng 1000h of donations go to the cause. Thls .100% In, approach Is Integral to our ongolng ml88lon of compasslon, care and hope, Valu08 Our brand value8 ar8 th8 true and 8s88ntlal a8P8Ct8 of Friends of ANCHOR, developod by the ANCHOR communlty. These tenets are key In helplng new staff, volunte8r8 and fundralser8 understand what's most Important to Frlend8 of ANCHOR. The 'blg11tt18 thlngs, are Important, and alway3 worth cadng about Empowering others through funding, support and confidence boosts Alway3 approachable wlth smiling faces and red t-shlrts Rooted In our cornmunlty and Inspired by local support 100¥• in and always ready to do more Page 2
FRIENDS OFANCHOR TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 2.0 Trust objoctlves The Declaration of Trust empowers the Trustees to appty the funds for the benefit of the principal objectives of the Trust as the Trustees think fit. Frfends of ANCHOR'S prlnclpal objectlves. as set out In the Charftys foundlng Declaratlon of Trust, are: To relieve distress by the provlslon of Improved ¢apaclty. faclllty and resources to Identify the extent and nature of, and offer treatment methods at th6 forefront of modem technology for, dlseases suffered by thos8 cIt5z8ns served by Aberdeen Royal Hospitals Trust. To advance educatlon and research by the creatlon of areas of 8XP8rt188 and r8PUt8 and to facllltstè and promote research In the management of benign haematology and malignant disease To facilltate and promote undergraduate and post graduate teaching In The ANCHOR Unlt To facllltate and promote an Increase and Improvemont In the seNl¢o provld6d In the flelds of Haematology, Oncology and Radiotherapy to patients of NHS Grampian Any other purpose which would enhance and develop the work of The ANCHOR Unlt as may be approved by the Trustees. The above objectlves of the Trust focus on the five fundlng areas below: Person-centred wellbelng - Enhanclng w811b8lng for patlents and staff through dedlcated 8UPPOrt and servlces, Includlng specSallsed massag8 ther8pS88, mlndfulness and emotlonal support. Medlc81 equipment - Inve8tlng In leadlng technologl88 and equlprnent, over and above NHS core budget, to continually develop and improve diagnosis and treatment. Ploneehng res88rch - Partnerlng wlth our local unlversltles to fund Innovalve 8tudle8 to Push the boundarle8 of our understandlng and treatment of cancer and blood dlsorders. Cllnlcal exc8llence - Contlnued focus on cllnlcal excellence for NHS staff wlth funded development programmes and tralning opportunlties to enhance knowledge and expertise. Earfy prevention & detection - Supporting Initialives that ralse awareness, Improve access to screenlng and promot8 earlier diagnosis to increase survival rates and improve patient outcomes. Page 3
FRIENDS OF ANCHOR TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 3.0 Statement from Chalmian 18m incredibly grateful for the passion and Gommitrnent of our supporier5 who have helpeé Friends of ANCHOR achieve remarkable results in 2025. In the face of a vory challenging economy, ow 8UPPOrter8 halpgd us rai8e a phenomenal total of closo to £3m. It's thls unstoppable support that enables our 18am lo contlnue provldlng the pérson-t@nlr@d cara for patlants and Ihelr loved ones golng Ihrough the most challenging time as well as enable our Board to approve ambitious fundlng inlativeS and programrnes coming through from cur NHS Gramplan colleagues. the Unlversity of Aberdeen and Robert G(xdon univeIty. 18lso wish to noie the tremendous cxjmmltment slK)vm by our NHS colleagues wlth thelr steadfast excell8nce in cllnlcal servlce dellvery. Amld ongoing change arKI extensive chal*nges in the NHS, our fronlllne coll8agues contlnued to show th81r expertls8, res111ce and adaptablllty Ihroughout the year to keep brfnglng the be81 possible treatment, care and supporL The impact shared through thi8 annual report demon8trate8 Fri8nd8 of ANCHOR'8 c¢xnmitment to dellver the hlghest possible standardg In ev0bIng wa do. Looklng back at th58 last year, key hlghllghts have Includ8d: We w8lcorned trwo major donors who have edgl thelr annual SUprt wlth a collectlve contrlbutlon of £150,000 this last year We celelyated our highest record&J year In income. In both our challenge event calendar arml FoA-hosled annual event programm8 We welcomed 130 attendees to our Impact Day. in partnership wth the Univ8rslty of Aberdeen. where we held 7 impact talks and hosted 18 research lab tours Our screenlng officers began In their post and have mad8 posltlve headway In addresslng 8creenlng Inequalitles and breaklng doKn banl8rs In twoeted communIt8 Funding was approved for two community programme8 - Music + movement and patient choir - to help ild confidence and connection for patients We launched our awareness hrS serles whlch put the fo(xJ8 on My180ma, Blood cancer. Breast Cancar. Urological c8ncers across five events in the last year We established our Clinical Excellence AdN1S Group f NHSG staft funding programm8 to onhanc8 knowledge and expertls6 Fundlng was approved to md)Illse 8 Port fittlng servlce In NHS Gramplan for the d8llv8ry of ch8molh8rapy treatment W8 appoint8d our thr88-y8ar clinic21 r8S8arch felbwship In h8emalology Our people rem8in our greatest a9set, and the Trugteès wish to note the hard work 8nd dedication of our Board and advisory group m8mbars, the staff leam, the contractors, our b81oved Red Amiy lour volunte8r8) and th8 wider commur)ity involved in helping us deliver all that we have this last year. With Ihe opening of the ANCHOR Centr8 on th8 horizon, the focus is on delivering our key stratsgic priorities in preparation for all that wlll be rnade available when the Centre opens its doors next year. With Ihe same pon8ering spirit that first fourKled the charity, we will continue in our r81entless in pursuit to bring the best posslble care, treatrnent and support to ttKise faclng a dlagnosls, keeplng patlents, needs at the centre of all we do. Pag8 4
FRIENDS OFANCHOR TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 4.0 Donor Impact 4.1 Personntrnd wellbalng EnhancSng wellbeing for patients and stsff through dedicated support and sapilces. Indudlng speclallsed massage theraples, mlndfulness and emotlonal support. Every one of the sepilce8 Outllned below 18 freely avallable for oncology and haematology patlents as they undergo treatment withSn Aberdeen Royal Infirmary. whether they hall from Gramplan, Moray. or the Orkney and Shetland Islands. 4.1.1 Wellbelng Team Led by our Head of Wellbelng, the team ar& on hand to offer pr8Glical and emotlonal support to patlents and familles. Th8 team lead and coordinated all the trusts wellbeing service8, 8UPPOrt and provision to benefit th8 W8llb8lng of patlents and th8lr loved ones, 88 well as provldlng a wellbelng offerlng for staff wlthln the UnSt. Th18 year, the team ha8 expanded to Include a second W8llb8lng coordlnator. Tha team coordlnate or dlr8CtIy dellver the 8ervlce8 below. 4.1.2 Wellbelng 8ervlc•• Inpallont emollonal + practlcal 8upport150 patlents dally Based in ward 112 + 114, the wellbeing team works hand-In4Jlove wlth NHS staff to dellver 8UPPOrt, over and above the clinlcal care, for patients and visitors on a daily basls. Monday- Friday. 'It m8kes such a dlffernnc6 to se6 8 smlllng f8C8 and klnd words. When I have been upset th8 te8m have taken the time to chat with m8. Th8 welcome into the unit, nothing is too much effort ft)r them 8nd they make th& place wh8t It Is. Knowing that YOU are not alone In what Can be a ten7fying tlme has m8de It so much easler to keep comlng In even on the days I donl rnally want to face tt." Support + Informatlon gervlco Recruited in August 2023 in advance of The ANCHOR Centre openlng. the Support + Info Advlsor has been preparing for the info hub opening by cultivating connectivity belween seprfices within NHSG and across thSrd sector. When the info hub opens next year, the Advisor will be stationed there to provide a conslstent. Infomiatlve presence, ensuring patients are supported and signposted effectively. Brachytherapy Support118 patlents supported The Wellbeing Support Worker provides practical and emotional assistance to patients for the duratlon of their treatment, from admission to discharge. This includes theatre transfers and accompanwng patlents at thelr pre- treatment scans and appolntments wlthln the brachytherapy sulte. "Thank you lor belng there durfng my stays In Isp81 over the last 2 weeks. It really helped havlng 8 frlendly face to t81k to and support me during a bit of a dauntlng time. Your support helps so many people golng through the hardest of times. All the things you do really do have such a positive impact, but just being there to talk wilh helped me get thmugh it all with little wony and stay po&'tive. Thank you again for all your help and time.. Celebratory Days1515 gifts handed out at Christmas Special celebrations are organised, in collaboration wtth the nursing staff. to bring a boost around the Unit. At Christmas, we had Santa make his annual visit with gifts for every patient and staff. Page 5
FRIENDS OF ANCHOR TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Complem•ntary Th•rapla812130 therapy appolnlments dellvered Our leam of three complementary therapists offer treatmen15 tnassage, fftini rnaniGure8 and reflexology - 5 days a week to ljoth inpatients and outpatients in the wards and Glinics. Yhe stendout support lor me is lh8 m8S&8ge, rnllaxology and mini-manicuros. Not only are the treatrnenls a gr881 way to boost mor81a and m8ka p8tianls laol speaal. Tha ladies who pmvide Ihes8 tr8atm8nts go oul of their way to make you feel cared ft)rand pmvlde friernyshlp and 8n ear to Ilsten to for both me and my Mum WIK) regularty attends wlth me." Homa from Horno Servlce | 51 nighls of accommodation Funded in partnership with NHS Gramplan, the Home from Horne sefvlce accorThnodale8 patients who cannot access local CLAN Haven, due to capaclty or crlterla and for whom it would be Impossible lo consider a daily commuta Into ARI for Ir8atm8nt. Mlndlulne••126 couryJe graduates113 attend Advanced Se85ion8153 attended Tasler Sesslons Guided by tutor Loui88 Martin via zoom ihe fully-funded 8-week courne airns to provide tool8 8nd practice8 to allavlate feèllng8 of 8tra88 or 8nxi6ty. ha8 8180 h8ld advaneAd $086ion6 for cour80 gradu8ts8 88 wéll 88 ta8tor 8088ions at tho Patlonl rotrèats. "18rn so gratefvl for the Mindlulness course. as fantastlc. Her teachlng style was easy to understand and follow. The course taught rne how fo e pr9sent and live In the moment, which in my opinlon. is the fvnd8mental part ol livlng. P8CUla dunng my treatment, it helped me get through rough days and reduce my anxiety". Patlent Rotreat Days1194 attendees Thls offers a chance for fellow patlents to meet In a sodal and supportlve settlng, whlle s8mpllng our wellb81ng prograrnme and enloylng a nutrltlous lunch togelher. Trvollbohg retreat8 gavo me th& opportunity to meet those had boen or were golng Ihmugh cancer or haomatology diognosis and to hear thair own joumoy. ltro bgen so gr8toful for that.. Tr•at Tlck•ts1319 gifted In the last year we have been able to glft famlll8S th8 opportunity lo attend AFC home garnes, VIP hospllallty tickets at TECA, famlly tickets to the PantnIne and many other speclal events. Yhank you so much for the tKkets. My son loved it, we all had teat3. Definltely cheered us up. Christmas Is Iways a bit sad for me now with having my diagnoses on the run up so I m glad I gol the chancg to take my mum and son to se8 the panto, they have been my rock fftmugh everythlng." Palllatlve Support Servke• Maklng M•morl•8116 memoriee made Th18 8eNlcA enables the wellbalng team to facllitats Ilfe avonts for p8tl8nt8 and thelr lov ono8. Tha memorfes creat8d brlng a Ilttle thread of Joy and Ilght in a dark tlme. Flngarprlnt J8well8ry129 keepsakes glft8d A special. bespoke keepsake, made from a patient's ffingerprint for the famlly to cherish k)ng after th8ir loved one has passed away. "ljust wanl to reach out and say thank you for tts be8Utifulpwellery. The gifts will be cherished." Page 6
FRIENDS OF ANCHOR TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 4.1.3 Trust-funded NHS Posts Ward Asslstants l up to 160 patients supported daily (41,600 annually) Five ward assistants are funded across the wards to support patients throughout the ANCHOR Unit and ease non-clinical pressures. Podlatry1505 patlents treated Our podlatrist Is on hand to treat and manage patients. lower limb problems, offering assessment, treatment and educatlon to help ease any dlscomfort for both Inpatlents and outpatients. 8creenlng offlcer• Two fully-funded cancer screenlng officers are working across Grampian to encourage more people to take up screening with the goal of detectlng cancer eadier to improve patient outcomes. Worf(ing within NHS Gramplan's Publlc Health team. the duo are primarlly focusing on Improvlng uptake for cervScal. breast and bowel cancer screenlng through addresslng screenlng inequities and tackiing some of the barriers people face when trylng to access screenlng. 4.1.4 Volunt••r-l•d S•rvlc•s Welcom• + Waynndlng T•am162,691 patlent welcom88 Our volunteers extend a wami welcome and wayflndlng support to day patlents and vlsltors In the outpatlent departments of the ANCHOR Unlt. with twlce dally rounds of the refreshments trolley, whlch offers another touchpoint to engage with palienis and boost morale during treatment. Patlent Tran3POrt178 patlents supported coverlng 17.460 mlles for 169 appoSntments Offerlng haematology patients transport to Glasgow for stem cell transplant treatment or follow-up appolntments as well as local transport to ensure patlents with no other rneans of travel can get Safely to and from thelr appolntments at ARI. "My d8d Is currently r8C8iving tr88tment at the ANCHOR Unit, h& 18 not very well. He used to be able to get 8 taxl but not now able and l am not able to take him rf18m W01ng. It'& been absolutely brf1118nt to get transport support fmm Frfends of ANCHOR. The volunteers also wait wlth hlm at the end of the tr&8tment to take hlm home. Thls was so much appreclated. ljust wanted to tell you how much the volunteers help so much In these clrcumstances ft?r the p8tlent and thelr famllles." Llstenlng Servlce1277 patlents VIsed Our dedicated volunteers vislt twlce-vfftkly to offer the IlstenSng s8Nice to patlentg who are admltted as npatlents In the ANCHOR Unlt and can often be In the hospi181 for weeks at a tlme. Thernp•t1269 patients vlsited Our therapet's weekly visits put a srnile on the faces of all those who come Into contact with Harvey In the oncology inpatient ward in the ANCHOR Unit; patients, thair families and tha staff. 4.1.5 W•llb•lng Provlslons So often patients say ifs the little things that can make a big difference day-to-day. Our tallored provlslons brlng a real emotional benefit too. showing each patient there cared about and thought of. Patlent care packs14,332 gifled in all These are given at different stages along the patient pathway and as well as being of practical benefit, have a real emotional benefit too, showing each patient thelre cared about and thought of. he patient comes from quite a distance away. so was fairfy isolated coming into ARI, but when I was explaining the chemo pack that we give during pre-assessment. she remembored that FOA left a pack on her bed whon she Was admitted for surgery, and she was delighted that she was thought of, and someone was kind enough to leave this for her. She said it made 'all the diffence. at an o(heiS8 rnally scary time. Thank-you Frignds of ANCHOR, you're smashing it in the tsg little ways." Page 7
FRIENDS OFANCHOR TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Chlldren's provl8lon8 A library of books. superhero teddies and other support items for the cllnlcal team to gift to children whose parents are undergoing treatment. Hydrato M8 bottles1147 gifted Wat8r-tracking bottles are gifted to patients und8rgolng treatment for prostat8 cancer who requlra bladder scans b8fore radloth8rapy s8s8ions. Sown provl•lon•11180 glfted A range of sewn provlslons Including stoma bag covers and post4urgery breast plllows to provide multl- functional support and comfort. °The pillow has been a godsend and has never left my side, l even walked to the doctors to have my dresslng changed with it under my ann for 8veryon8 to seel I sleep with It und8r my ami 811 nlght tool The klndness and such a simple thing has made everything so much easier and l just wanted you 811 to know how much It was appreci8tedl° H•ad coverlng*1102 gffted Glfted to patlents undergolng chemotherapy treatment who are faclng halr1088. Dally newspapors115,540 hand-dellvered Newspapers are hand-dellvered every momlng In the Inpatlent wardB, wlth tha addlon of paper8 offered to patients In the day and outpatient waitlng room8. There are a number of other prov181on8 made avallable to patlent8 at dlfferent polnts In the treatment pathway to offer support on a practical level. 4.1.6 staff well1ng The wellbelng team, wlth the Input of 8enlor nur81ng management In the ANCHOR Unlt, contlnue to lay on a wellbelng programme for NHS staff to help protect and bolster morale wlthln the team. Th18 Includes momlng ywa 8essSon8 twSce-weèkly In th8 Unlt, compllmentary table booklngs for Courage and Brave, glftlng on staff recognltlon days (e.g. Internatlonal Nurses Day) and Chr15tmas and thls year. for the flrst tlme Frlends of ANCHOR arranged an ANCHOR Staff Chrlstmas Paty which saw over 200 staff attend from the Unlt. One-off requests are also funded through the restricted staff funds to reward staff and recognlse the dedlcatlon they brfng to caring for patients. 4.2 Medlcal Equlpmont Inv8stlng In leadlng technologles and equlpment, over and above NHS core budget, to ensure Aberdeen Is a leading hospital for the treatment and management of malignant disease. 4.2.1 Servlc•4>as•d equlpmont Ethos Emulator1 £22.340,59 The purchase of the emulator has enabled Aberdeen's radiotherapy department to adopt new technology that allows the team to rnore accurately target tumours. It is one of only a handful of centres in the UK- and the first in Scotland - to deliver online adaptative radiotherapy (OART). The radiotherapy team aims to expand the types of tumours that can be treated using oArt through training on the treatment method, using past data to simulate patient outcomes without actually administering any treatments to a person. The procurement of this equipment will help shape how NHS Grampian is able to deliver th8 best possibl8 treatfnent going forward. Page 8
FRIENDS QF ANGHQR TRUSTEE8' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Gynaecologlcal pelvlc phantom1 £2,777.50 The pelvic phantom a life-like mc#Jel of tha pelvic area is h&lping therapeutlc radlographers develop thelr skills in providing a more tsrgeted Ireatment for brhYlherapY patients. Brachylherapy treatment is used for people with certain gynaelogical cancers, bul the process Is complex and requires intensive trainlng. Prior lo the procurement of the phantom. NHSG staff had to go to other centre8 lo learn th8 r8quir8d skills. IC-Flow Camornl £36,500 The need for th15 equlpm8nt was ljjrne oul ol theatre (apaclly Sssues at ARI and long waiting times for breast surgery. The purchase of the IC-Flow camera has enabled th8 breast surgical team to now cerry out operations at Stracathro Hospilal on certain earfy-stage breast cancer patients as day ca8es, U8ing green dye, tho scanner locates affected lymph nodels in the armpit, which can then be removed at th8 same time a8 tho tumour. 4.2.2 Wardlcllnlc&ased aqulpment Equipment contlnues to be procured al a wardlcllnlc level lo benefit patient treatrnent and CAre, although there has only b88n the need for branded wheelchair spokeguard this year. 4.3 Ploneerlng R•8oarch Research GonnueS to b8 a fundamental focus for Frlends of ANCHOR'S Research Advlsory Group, whose members have made further effort In th13 report perlod to Increaslnsly strengthen our lundlng In th18 area. The group, which cornpri888 five key re8earch professors and repre8ontation from the Trust, Contlnues to meet quarterly to review the charitys Spend and adv1s0 C1 th8 best strategies going foward to optlmlse r8search outcom8S. Pllot Resoarch ProgrnMm•1 £122,462.06 A total of 10 pllol research woj8Cts were funded during thls last year. The sum spent in this period 1$ hlgher than usual due lo approval of prolects from 202312024 falling into this last year. Our commitment to research sees us fund ploneerfng studles that improve our und8rstanding and treatment of oancers and blood dlsorders. The pllot research prolects In this last year are focuslng on a Nmber of dsagnosls types Inciudlng proslate, pelvlc, breast and oral. 8umm•r 8tud•nt PlaG•ment •ch•mo1 £4,500 Our funded 8ummer placements give science, rnediclne and nurslng students the chance to galn invaluablg hends-on experienca of a research prqect, whib also gwing academics and clinicians an extra pair of hands lo develop their study and share their knowledge. In Ihis period. ph8rmaceutiG81 student Cameron Wh8 and Immunology student Finl8y W8118ce benefitted from th8 scheme. Cllnlcal fellow In Haornatologyl £316,451.22 The charitys Research Advisory Group has made swJnificant forward movement to appropriatsly Increase our research spend, and this three-year fellowshlp is on hls spend r8pr8sents the full three-year commitment for this PhD. which Is held by work wlll focus on developlng new ways lo reprogramrrfi the bodls immune systsm IG tignt lympho Medlcal Rg8earch Scotland fallowshlpl £12,000.00 This year we came board as an Extemal Partner Organisation (EPO) for a four-year PhD facllitated and funded by the 'Medical Research Scovand, inlkn'ative. As EPO we support the followskmp with a supplementary research stipend of £3,000 per annum. As tha EPO for this project. Friends of ANCHOR will support élernents of thè post-hold8rfs prolect; namely work experlèn sector and f8ellltAting an understanding of the donor-funding pathway. The fellowship is held by who is working on a study examining the role of Inleslinal macroph8ges in the protective effects of ro supplemenlatlDn during radiotherapy. ar5, Page 9
FRIENDS OF ANCHOR TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 4.4 Cllnlcal Excollonc• Continued focus on cllnical excellence for NHS staff with funded development programmes and training opportunlties to enhance knowledge and expertlse. Cllnlcal gxcollenco fundlng programmgl £40,000 annual allocatlon In a strategic effort to see an Incr8as8d uptske of cllnical 8xcellence opportunStles for NHS Gramplan staff. over and above the NHS core budget, a dedicated funding programme has been launched wlth a Cllnlcal Excellence advlsory group mobilised comprised of senior clinical representatlon In the ANCHOR Unlt to steward and approve the allocated funds. Nurse-led portacath flttlng tralnlng programmol £29,000 The use of implantable ports was limited in Grampian lo very spedfic patlent groups. Patients undergoSng canc8r treatment had to travel to Glasgow or Edinburgh if they wanted to have one fitted. However, in partnershSp with NHS Grampian, the charity funded the training programme for a purely nurse-led 8ervlce at ARI whlGh allows the port fitting to be on offer for ANCHOR patients. 5.0 Fundrnlslng and Incom• Summary 5.1 Overvl•w of Incom• for th• y•ar Thls year has been a remarkable one wlth our hlghest Income recorded of close to £3 mllllon ral8ed through a varlety of Income stream8. 5.2 Event• Th18 year saw the full complement of events In the annual calendar and what a year It'8 been. Bravo + Courago on the Catwalk l Ralsed £388,911 A collectlve of 48 local men and women took part in Brave and Courage on the Catwalk thls year. Our flrst year hostlng tha event at P&J Llve allowed us to Increase audlence capaclty across the four shows. As well as generatlng the slgnlllc8nt funds that It does, the goal of the experlence Is to help each model r8-dSscover theSr confidence and sen88 of self that they may have lost durlng thalr treatment Journey. Gala Golf Ev•nt l Raised £146,997.02 A total of 36 teams took to the course at Peterculter Golf Club before attending the prlze gSvlng and dSnner at The Chester Hotel. The event was a tremendous success, supported by so many sponsors and teams that retum year after y88r. Challongo Evont• l Raised £238,687.47 Our challenge calendar thls year saw a record hlgh In our partlclpant numbers wlth 471 slgnlng up to represent Friends of ANCHOR. The challenge calendar saw participants walk, cycle, run, skydive to step Out thelr comfort zone and champlon the cause. It's an Incredlble collectlve effort. 5.3 Indlvldual fundrals•rs1 £165,048.70 Our fundraisers have taken on impre&8ive feats and been incredibly dedicated in their efforts to raise as much as they can for the cause. Some took their fundraising efforts international with one of our fundraisers conquering Mount Everest. another competing in an Ironman in Portugal and two taking to the start line of the Ibizia and Bedin marathons. We are indebted to each and every one of our fundraisers. 5.4 Legacy Incomol £237,264 Legacy giving plays a crucial role in supporting the Trust. To hav8 SUPPOrters include a bgqu8St to Friends of ANCHOR in their estate planning holds real significance. We plan to promote legacy giving s8nsitively and approprlately in this next y8ar, 8nsuring that supporters are aware of how such gifts can mak8 a lasting difference to our work. Page 10
FRIENDS OFANCHOR TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 5.5 Corporate Incom• It never fails to encourage the team on when 8 corporate chooses lo direct their fundraising endeavour and energy towards Friends of ANCHOR. We are grateful to those who support us year after year and also, to the corporates, we have the privi18g8 of having alongside us for a yearfs dedicated partnership. 6.0 Flnanclal P•rformanc• 6.1 Reservo• The Trustee8 believe it is essential that the Trust retains adequate reserves to ensure that the financlal need can be met for the ongoing. long.temi funding commilments as well as the immediate funding support for requests that come through for the Trust. The reserves also vitally safeguard against the impact of the global economiG downtum on current and future income generation. 6.1.1 Charlty re8orv08 A8 0131 March 2025, unrestrtcted fund8 amounted to £5,886,494 (2024 - £4,991,723}, and re8trfcted funds were £81,283 {2024 - £134.111). 6.1.2 Unr•8arv•d funds The Trust provld8s a number of fixed rnonthly ongolng costs and recalves fijndlng appllcatlon5, often for substantial amounts. presented at the committee rneetings on a bi-monlhly basis which typically require Immedlate funding. In 8ddltSon. the Trust's Income streams are ult5mat8ly volatlle and unc8rt8ln glven the current economlc cllmale and wlth no lottery or major grant funding, our income is wholly reliant on public giving, Due to these factors the Trust retalns hlgh cash reserves. Surplu8 c88h balance8 are put on term depo8lt to generate Interest Income at hlgher rat88 but are 8ch8duled to ensure that funds are always avallabl8 for commltments that have been made as well 88,. fundlng exlstlng s8rvlce d8llv8ry commltments should fundralslng targets be mlssed meet the increased costs of sustalning wellbeing services once The ANCHOR Centre opens provldlng worklng capital to meet upfront expenditure to glve tlme to restructuro the Trust Should there be a sustalned fall In the level of InGome generated each year including meetlng any exl8tlng expenditure commltment8 6.1.3 R•8trlct•d funds Our r8stricted funds ar8 held In trust and applied strictly In accordance wlth donors, wlshes. The ma5orlty of th8s8 funds are restrlcted to ward-based use for the benefit of patlents and staff support wlthln the ANCHOR Unlt. Over the past year, addltlonal restricted funds have been recelved for prostate cancer research. the oncology department In NHS Orkney and the purchase of equipment to benefit patients with bowel cancer. 6.2 Investments The Twslees opt for a low-risk investment strategy with funds not immediately due for use held in short-temi notice accounts up a maximum of 1 year as well as a low-risk investment portfolio held wilh Carbon Financial which is split between global stock market and the global bond market. The portfolio is ethically screened to exclude holdings in the tobacco industry. Investments are made to ensure sufficient funds are always avallable to the charlty to deliver on commitments made. Investment income this last year has been £212.760 (2024 - £170.548). The trustees are satisfied with this annual return. Page 11
FRIENDS OF ANCHOR TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 6.3 Balmoral Group Holdlng8 Balmoral Group has provlded crucial support for the day-t041ay running of Frlends of ANCHOR since the Trust's inception in 1997. Balmoral Group has covered all running costs incurred by the Trust, freeing up 1000/0 of donor- raised funds for the cause. In addltlon to fundlng salary costs, Balmoral's In-klnd support Is 8xtenslv8 wlth d8partm8nt Input, Includlng HSE, HR, IT, accounts. multimedia and design and the reception team, as well as the log5stlcal ald that comes from freely-supplled offlce and storage facilities. The support from Balmoral Group strengthens the charSty8 Standlng and allows its office-based team to grow on an ongoing basls. 7.0 Future Plans Looklng ahead, Frlends of ANCHOR remains commStted In Its vision to make a posltlve Impact In the Ilves of those affected by cancer or a blood disorder in the north of Scotland. with th8 openlng of the ANCHOR Centre next year and the r88ultlng &xp8n8lon of the team and charlty's operatlons, St Is Imperatlve the organlsatlon Is allgned In Its strateglc focus and v581on for the futur8. Our •tratsglc prlorftl•8 for th• y•ar ahgad ar•: Develop oqultablo poraonrycentrod Support En5urlng that every patient who Is navlgating dlagnosls. treatment, and follow-up through NHS Gramplan has timely and equitable access to person-centred support from Frlends of ANCHOR at every stage of the hospltal pathw8y. Progress wlll be measured through patlent feedback. satlsfaction surveys and engagement across all touchpolnts In the care Journey. Strongthen donor and fundral8or engagement Our donors and fundralsers are the lifeblood of Friends of ANCHOR and 8USt8in our commltments made, Through our donor care programm8 W8 must continu8 to build m8aningful connection, enhancing our 8UPPOrt8r experlence and str8ngth8nlng thelr understandlng of the Impact of thelr contrlbutlons. Success wlll be tracked by fundralsers contlnulng thelr support and gr0rth In donor retentlon rates. Expand Impact-focused fundlng Inltlatlvej Further develop relationships with our strategic partners - NHS Gramplan, Publlc Health and the Unlverslty of Aberdeen to further develop our patient wellbelng programme. pursue new Innovatlon8 5n the dlagnostlc and treatment pathway and galvanise further ploneering projects wilhln the fields of oncology and haematology for the ultimate benefit of treatment outcomes and patient wellbeing. Perfomiance will be monltored through prolect or seNice delivery outcomes. wellbeing seprfice metrics and feedback from our strategic partners. Optlml8• op•ratlons through technology With the growth of our operations comes the imperative need lo embed efficien¢i88 across Friends of ANCHOR by capltallslng on new technologles. Thls Includes leveraglng Al to streamllne processes, Implem8ntlng our n8W, custom-bullt CRM for our wellbelng operations wthln ARI and optlmlslng our exlstlng CRM systems for fundralslng, donor management and volunteer coordination. Success wlll be measured through Improved workfiows, increased operational capacity and ultimately, enhanced support for patients and our stakeholders. Page 12
FRIENDS OFANGHOR TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 8.0 Rlsk management The Trust has a risk management stralegy which cornprises: an annual revlew of the prlnclpal rfsks and uncert81nltes that the charlty faces the establishment of policies. Systems and procedures to mltigat8 those risks identified in Ihe annual revlew the Implementatlon of procedures deslgned to mlnlmlse or managa any potentlal Impact on the charlty should those rfsks materialise provislon of Trustee educatlon around OSCR guidance for charities 9.0 Organlsatlonal Structure 9.1 Trustse• and Responslbllltl•s Tho Trustees serving during Ihe flnanclal 8T were: Chairm8n Vicg Chairnian {retirad con8ultsnt modical on¢olog18t) DepLty Managing Dirèctor, Balmoral Group Fresh & Quality Diroctor Emerltus Professor of Medlclne Chief Executlve, Frf8nds of ANCHOR (reslgned on 31 March 20251 The Trustees believe the board to have the approprlate *llls and experience to properly adminlstsr the Trust. Frlends of ANCHOR trustees are appolnted by the Chalman of the Trust, Polentlal members are put forward for consideration by Ihe Twsl Chlef Executive wilh the obJecliv¥s i¥ trustee appoinlment Clearly aligned with th8 future strategy outcomes of the Tru3t. A letter of invitation to join the Trustee Board is 8ent from the ChaSrn18n. Th8 Trust88s hav8 beon givon appropriat• Information and trainlr¥J règarding th•lr1ogal rolo8 and rn$pon8ibiliti88 upon appolntment. 9.2 Cornmltteo Members and Ro8ponslb1111108 The responsibility for ongolng supep4ision of the Trust's affairs and promollon of its objectives is vested in a committee board referred to as the "Friend5 of ANCHOR committee". FrndS of ANCHOR commlttee rnembers are appolnled by the Chalman of the Trust, Potentlal members are nominated by serving Gommittee members and a letler of invitallon to Join ihe committee Is sent from the Chalman. Tho committoe membor8 ar8 carofully 8818Ct8d to an8ura thè committeè has dinlcal and nurslng repr880nt8tlon from 8ach of the wards and dlnScg wllhln the ANCHOR Unlt AS ¥wII as rèprèséntatlvas from thè comm8rclal sector to in8tll a m8asur8d balance between madlcal prolesslonals and busln888 mlnds. During the year ended 31 March 2025, Ihe following irKliMduals served on the committee.. Page 13
FRIEND8 OF ANCHOR TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 9.3 Key Managem•nt Par8onno1 The trustees and senlor management team cornprise the key management personnel of the ch8rlty In charge of directing and controlling, running and operaling the Trust on a day-to-day basls. The Trust Chief Executive Is appoint8d by th8 trustees to manage th8 day-to4ay operations of th8 charity. other than Sarah-Jan& Hogg - the Trust Chlef Executlve - all Trustees glve of thelr Ilrne freely and do not recelve rernun8ratlon. Detalls of tha Chlel Ex&cuUY8'8 expenses and related party transactions are dlsGlosed In th8 account8. To fa¢116tato effeGtlve operation8, the Tru8t Chief Executive has dOgated authorfty, wh1n tem18 of del8gatlon approvod by tho trustePB, for operational matter8 including finance, employm8nt and marketing activity. Chief Executive Head of Donor Care Head of Communications Head of Wellbeing P8y pollcy for senlor 8laff: The pay ol the Senlor staff Is remewed annually and normally Increased In accordance th avarage eamlngs, The Trustees benthmark agalnst pay levols of comparab18 roles In othor local thlrd seGtor organlsatlons of sSmllar slze. 9.4 Natur• of Gov¢rnlng Documont Friends of ANCHOR s 8 r8gistered TNst in Scotla1 (charity registered number SC025332) govem8d by ils Decl8ralion of Trust dated 24th October 1996. 10.0 Statement of Dlsclosurn In so far as the Trustees are aware: ther8 is no relevant audit infomiatlon of thlch the Trust's auditor Is unaware; and the Trustees have taken all Ihe steps thal tY oughl to have taken to make thernselves aware of any relevant audit Informat1( and to establlsh that the Trusys audltor Is awar8 of that Inforrnatlon. Approved by order of the members of the ljoard of trustees and swJned on thelr behalf by, Page 14
FRIENDS OF ANCHOR STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees are responslble for preparing the Trustees, report and the financlal statements In accordance wlth appllcable law and Unlted Klngdom Accountlng Standards (Unlted Klngdom Generally Accepted Accountlng Practice), Th8 law applicab18 to charities in Scotland requires the trust88S to prepar8 financi81 statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to: 88lect suilable accounting policies and then apply them conslstently: observe the rnethods and principles of the Charities SORP (FRS 102)., make judgments and accounting estimates that are reasonable and prudent; 8tat8 whether appllcable UK Accountlng Standards {FRS 102) have been followed, Subject to any materlal departures dlsclosed and explaSned In the financlal statements: prepare the financial statements on the going concem basls unless It18 Inapproprlate to presume that the Charlty wlll contlnue In buslness. The trustees are responslble for keeplng adequate accountlng records that are sufficlent to show and explaln the Charitys transactions and disdose with reasonable accuracy at any tlme the financlal posltlon of the Charlty and en8bl8 them to ensure that the financial ststements comply with the Charltles and Trustee Investment (Scotland) Act 2005. the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provlslons of the Trust deed. They are also re8ponsible for safeguarding the assets of the Charity and hence for taklng reasonable 8teps for the preventlon and detectlon of fraud and other IrregularStle8. Page 15
FRIENDS OF ANCHOR INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF FRIENDS OF ANCHOR Oplnlon We have audited the financial statements of Friends of Anchor {the 'charity) for the year ended 31 March 2025 which comprise the Statement of financial activities. the Balance sheet. the Statement of cash flows and the related note5. including a summary of significant accounting policies. The financlal reporting framework that has been applied in their preparation is applicable law and United Klngdom Accounting Standards, Including Financial Reporting Stsndard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, {United Kingdom Generally Accepted Accounung Practice). In our oplnlon the financlal 8tatement8: glve a true and falr vlew ol tho state of the charltys affalrs as at 31 March 2025 and of Its Incomlng resources and application of resources for the year then ended; have been property prepared in accordance with United Klngdom Generally Accepted Accountlng Practlce,. and have been preparad In accA)rdanca wlth th8 r8qulr8m8nts of the Charltles and Tru8t88 Inv8Stm8nt (Scotland) Act 2005 and regulation 8 of the Charitie8 Accounts (Scotland) Regulatlons 2006. Ba•1• for oplnlon We conducted our audlt In accordance wlth Intamatlonal Standard8 on Audltlng (UK) {ISAs (UK)) and appllcable law. Our responslbllltles under thos8 standards are further descrlbed In the Audltofs responslbllltles for the audlt of the financlal Statements sectlon of our report. We are Independent of the charfty In accordance wlth the elhlcal requirement5 that are relevant to our audit of the financial statements In the United Kingdom, includlng the Financlal Reporting Councll'8 Ethlcal Standard, and we have fulfilled our other ethlcal responslbililies In accordance with these requirements. We belleve that the audlt evldence have obtalned 18 8ufflclent and appropriate to provide a basis for our opinlon. Concluslon• rnlatlng to golng conc•rn In auditing the financial stataments, have concluded that the trustees, use of the golng concem ba818 of accountlng In the preparatlon of the financlal statements Is appropriata. Based on the work we have perfornied, we have not Identlfied any matarlal un¢8rtalntle8 relatlng to event8 or condlllons that, Indlvldually or collectlvely, may cast slgnlflcant doubt on the charltys abllSty to contlnue as a golng concem for a perlod of at least tsvelve months from when the financial statements are authorised for issue. Our responslbllltles and the responslbllltles of the trustees with respect to going concem are described In the relevant sectlons of thls report. other Inforniatlon The other Informatlon comprlses the Information Included in the Annual report other than the financlal statements and our Audltofs report thereon. The trustees are responslble for the other infomiation contained wlthln the Annual report. Our opinion on the finaneAal statements does not cover the other Information and, except to the extent otherwise explicitly stated in our report, we do not express any fonn of assurance conclusion thereon. Our responsibility is to read the other infoTrnation and. in doing so, consider whether the other information 15 materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to b8 materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to d8temiine whether this gives rise to a material misstatemenl in the financial statements themselves. If, based on the work we have perfomied. we conclude that there is a material misstatement of this other information. are required to report that fact. We have nothing to report in this regard. Page 16
FRIENDS OF ANCHOR INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF FRIENDS OF ANCHOR {CONTINUED) Matlors on whlch wo arn rnqUIr to roport by exceptlon We have nothing to report In respect of the following matters where the Charities Accounts (Scotland) Regulats'ons 2006 (as amended) requires us to report to you if, in our opinion., the infonnation given in the Trustees, report Is Inconsistent In any material respect wSth the financial statements: or proper accountlng records have not been kept: or the financial statements are not in agreement with the accountlng records and retums; or we have not received all the Infom)atlon and explanations requir8 for our audit. Re•pon8lbllltl68 of tru8t•08 A8 explained more fully In the Trustees, r8spon81biliti88 St8t8m8nt, the trust888 ar8 r8spon85b18 for th8 preparatlon of the financlal statements which give a true and fair v18w, and for such Internal control 88 the trustees detennlne Is necessary to enable the pr8paratlon of financlal statements that are free from materlal mlsstatement, whether due to fraud or error. In preparlng the flnanclal statements, the trustee8 are responslble for assesslng the charfws ablllty to contlnue as a going concem, disclosing. as appllcable, matters related to golng concem and uslng the golng concern basls of accountlng unless the trustees elther Intend to Ilquidate tha charlty or to cease operatlons, or have no reallstlc altematlve but to do so. Audltorf• r••pon•lbllltlo• fr>r the audlt of th• flnanclal •tatom•nts We have been appolnted as auditor under 88Ctlon 44(1)(c) of th8 CharStl88 and Tru8t88 Inv88tment (Scotland) Act 2005 and report In accordanc8 wSth th8 Act and relevant r8gulatlon8 mad8 or havlng 8ff8Ct th8reunder. Our oblectlv88 ar8 to obtsln reasonable 888urance about whether the flnanclal ststernents 88 a who16 are free from materlal mlsstatement, whether due to fraud or error, and to Issue an Audltotrs report that Includ88 our oplnlon. Reasonable assurance18 a hlgh level of assurance. but Is not a guarantee that an audlt conducted In accordance with ISAS (UK) will always detect a material mlsstaternent when It exlsts. Mlsstatements can arfse from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the economlc decisions of users taken on the basis of these financlal 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 malerial misstatements in respect of irregularities, Including fraud. The extent to which our procedures are capable of d8tecting irregularities, including fraud Is delalled below: We obtalnad an under8tandlng of the legal and regulatory frameworks wlthln whlch the charlty operates, focuslng on those laws and regulations that have a direct effect on the deterrninatlon of materfal amounts and dlsclosures in the financial statements. The laws and regulations we considered in this context were The Charities and Trustee Investment (Scotland) Act 2005. together with the Charities SORP (FRS102) 2019. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items. We identified the greatest risk of material impact on the financial statements from irregularities induding fraud to be.. Management override of controls to manipulate the charitys key perfomiance indicators to meet targets; Timing and completeness of income recognitlon: Compliance with relevant laws and regulations which directly Impact the financial statements and those that the charity needs to comply with for the purpose of trading. Pag8 17
FRIENDS OF ANCHOR INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF FRIENDS OF ANCHOR (CONTINUED) Our audlt procedures to respond to these rlsks Induded: Testing of journal entries and other adjustments for approprlateness: Evaluating the business rationale of significant transactions outside the nonnal course of business: Reviewing Judgements rnade by rnanagement In their calculation of accounting estimates for potential management blas; Enquiries of management about litigation and claims and Inspectlon of relevant correspondence., Revlewing legal and professional fees to identify indications of actual or potential litigation, clalms and any non-compllance wlth laws and regulaOn8', Testing a sampl8 of income transactlon8 to source documentation. Because of the Inherent Ilmltatlons of an 8udSt, there Is a rlsk that we wlll not detect all Irregularttle8. Includlng those leadlng to a mat8rlal mlsstatement In the financlal statements or non-compllance wlth regulatlon. Thls rlsk Increases the more that compllance wlth a law or regulaOn Is removed from the events and transactlons reflected in the financial statements. as we will be less likely to becom8 aware of instances of non-compllance. The risk Is also greater regarding Irregularilies occurring due to fraud rather than error, as fraud Involves Intentional concealment, forgery, colluslon. omisslon or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Flnanclal Reporting Council's w8bsit8 al: ¥.f .uklauditorsre ie Thi8 description form8 part ol our Audltorfs report. Use of our report Th18 report18 made solely to the charitys trustees. as a body, In accordance wSth regulatlon 10 of the Charltles Accounts (Scotland) Regulations 2006. Our audit work has been undertaken 80 that we mlght state to the charivs trustees those matters we are required to state to them In an Auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume re8ponslbllity to anyone other than th8 charlty and Its trustees, 88 a body, for our audSt work. for th18 report, or for th8 oplnlons we have formed, Alil Ad,1 ad k((Th flACI AAB Audlt & Accountancy Llmfted Statutory Audltor Kingshlll Vlew Prlme Four Buslness Park Kingswalls Aberdeen A815 8PU Data: l Od0b 7G2( AAB Audit & Accountancy Llmlted are ellglble to act as auditors In terms of sectlon 1212 of the Companles Act 2006. Page 18
FRIENDS OF ANCHOR STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donatlons and legacle8 Fundralslng Investments 1.857.274 801.504 212,760 96.643 1,953,917 801,504 212,760 1.581,625 604,004 170,548 Total Incorn 2,871,538 96.643 2,968,181 2,358,177 Expendlture on: Ral8lng funds Charltable actlvltle8 617.877 1,395,130 617,877 1,544,601 416.242 1,569,297 149.471 Total •xp•ndlture 2.013.007 149,471 2,162,478 1,985,539 Nol Incomel{expandltur•) b•for• n•t galns on Inve•tm•nts Net galn8 on Investments 858,531 36.240 (52,828) 805.703 36.240 370,638 129,164 Net movomont In fund• 894.771 (52,828) 841,943 499,802 Reconclllatlon of fund8: Total funds brought fopfiiard Net movement In funds 4,991,723 894,771 134,111 (52,828) 5,125,834 841,943 4,626,032 499,802 Total fund• carrl•d forward 5,886.494 81,283 5.967,777 5,125.834 The Statament of financlal advltles Indudes all galns and1088es recognls8d In the year. The notes on pag88 22 to 34 fomi part of these flnanclal statements. Page 19
FRIENDS OF ANGHOR BALANCE SHEET AS AT 31 MARCH 202S 2025 2024 Note Fixed assots Investments 13 2,017,445 1,384,511 2.017,445 1,384.511 Curr•nt asset• stocks Debtors Cash at bank and in hand 14 15 21 46,517 295.667 7,153.555 29,664 293,928 6.386,283 7,495.739 6.709,875 Credltors: amounts f8111ng due wlthln ona year 16 13,545,407) (2.988,5521 N•t curront usets 3.950,332 3,741,323 Total net a880ts 5,967,777 5,125.834 Charfty funds Restricted furKIs Unrestrlcted funds 18 18 81.283 5,886,494 134,111 4,991,723 Tol41 fund• 5,967,777 5,126,834 The financbal gtslements were approved and aulhorised for issu8 by the trust88s and 81gned on their behalf by: The notes on pages 22 10 34 form part of these finana81 st8temants. Page 20
FRIENDS OF ANCHOR STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Note Ca8h flows frnm operatlng actlvltl•s Net cash used In operating activities 20 1,164,114 928,484 Ca8h flow8 from Inve•tlng actlvltle8 Net cash movement to Investments Interest received (609,602) 212,760 690,637 149,750 N•t cash (used In)Iprovldod by Invosllng actlvltl•8 (398,842) 840,387 Chang• In ¢a•h and cash equlvalents In th• y•ar Cash and cash equlvalents at the beginning of the year 767,272 1,768,871 6,386,283 4,617,412 Ca•h and cash oqulvalenl• at Ihg end of the yoar 21 7,153,555 6,386,283 The notes on pages 22 to 34 fomi part of these financlal statements Page 21
FRIENDS OF ANCHOR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General Infomiatlon Frlends of ANCHOR Is an Independent charitable Trust. The Trust's registered office Is CIO Balmoral Group Holdings Limited, Balmoral Park. Loirston. Aberdeen, A812 3GY. The nature of the Trust's operations and principal activities are set out within the Trustees. Report. A¢Gounllng pollclos 2.1 Ba81$ of preparatlon of financlal statements The financial statements have been prepared in accordance wlth the Charftles SORP {FRS 102) - Accounting and Reporting by Charitie8: Ststement of Recommended Practice appllcable to charltles preparing their accounts In accordance with the Financial Reporting Standard appllcable In the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable In the UK and Republlc of Ireland (FRS 102) and the Charltles and Trustee Investment (Scotland) Act 2005 and the Charltles Accounts (Scotland) RegulatSons 2006 (as amended). Frlends of Anchor meets the definltlon of a publlc b8nefit 8ntlty under FRS 102. A88ets and Ilabllltle8 are initially recognised at hlstorical cost or transaction value unless otherwlse stated In the relevant accountlng pollcy. The accounts ar8 prepared In sterllng. whlch Is the functlonal currency of the Trust. Monetary amounts In these financial st8tements are rounded to the nearest £. 2.2 Golng concern At th8 tlm8 of approvlng the financlal statements, the tru8t888 hav8 8 reasonable expectatlon that the Trust ha8 adequate resources to contlnue In op8ratlonal 8xlstenc8 for at least the next tw8lv8 months. Thus the trustees contlnue to adopt the golng concem basls of accountlng In preparlng the financlal statements. 2.3 Incom• All Income 53 r8cognised once the Charfty ha8 entltlement to the Income. It 18 probable that the Income wlll be recelved and the amount of Income recelvable can be measured rellably, The recognitlon of Income from legacies 18 dependent on establlshlng entltlement, the probablllty of receipt and the ability to estlmate with sufficient accuracy the amount recelvable. Evidence of entitlement to a 18gacy exists when the Charity has suffici8nt evidence that a gift has b88n left to them {through knowledge of the existence of a valld wlll and the death of the benefactor) and the executor Is satlsfied that the prop8rty in questlon wlll not be requlred to satlsfy dalms In the estste. Recelpt of a legacy must be recognised when It Is probable that It will be recalved and the falr value ol the amount recelvable. whlch will generally be the expected cash amount to be dlstrlbuted to the Charity, can be reliably measured. Grants are included in the Statement of financial activities on a receivable basis. Th8 balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, ils recognition is deferred and included in creditors as deferred income. Where entitlement occurs before incorne is received. the income is accrued. Where lh8 donated good is a fixed asset. it is m8asur8d at fair value. unless it is impractlcal to measure this reliably, in which case the cost of the item to the donor should b8 US8d. The galn Is recognlsed as income frorn donations and a corresponding amount is included in the approprfate fixed asset class and depreciated over the useful economic life in accordance with the Charitys accounting policies. Page 22
FRIENDS OF ANCHOR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollclos (contlnued) 2.3 Income (conllnued) On receipt, donated professional serdices and facililies are recognised on the basis of the value of the glft to the Charity which is the amount it would have been willing to pay to obtain services or facllities ol equivalent economlc benefit on the open market., a corresponding amount Is then recognised In expenditure Sn the perlod of receipt, Cash donatlons are racognlsed on recelpt. Other donation8 are recognised once the Trust has b88n notifi8d of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverabl8 In relatlon to donatlons recelved under Glft Ald or deeds of covenant18 r8cognls8d at the tlme of the donatlon. Income from tradlng actlvltle8 Includes Income eamed from fundralslng events to ralse funds for th@ charlty. Income Is received in exchange for services in order to raise funds and18 recognlsed when entitlement has occurred. Dlvidends from1Ssted Investments and bank Interest are recognlsed when they are recelvable. Other Income18 recognl8ed In the perlod In whlch It18 recelvable and to the extent the good8 have been provlded or on completlon of 88riiG8. 2.4 Expendlturn Expendlture18 recognlsed once there Is a legal or constructlve obllgatlon to transfer economlc benefit to a thlrd paty, It Is probable that a transfer of economlc beneflts wlll be requlred In settlement and the amount of the obligation can be measured reliably. Expendilure Is classified by activity. The costs of each actlvlty are made up of the total of direct costs and shared costs, Includlng support C08t8 Involved In undertaking each activity. Direct costs attributable to a slngle activlty are allocated dlrectly to that activity. Shared costs which contribute to more than one activlty and support costs whlch are not attribut8bl8 to a single activlty are apportioned b8tween those actlvitles on 8 basss conslstent wlth the u8e of resources. Central st8ff costs are allocated on the basis of tlme 8pent. and depreclatlon charges allocated on the portion of the asset's U88. Expendlture on ralslng fund8 Includes all expandlture Incurred by the Charlty to ralse fund8 for St8 charltable purposes and Indudes costs of all fvndralslng actlvltle8 events and non-charlt8ble tradlng. Expendlture on charltable actlvltles18 Incurred on dlrectly undertaklng the actlvltles whlch further the Charitys objectives. as well as any associated support costs. All expenditure is inclusive of Irrecoverable VAT. 2.5 Intorost rocolvablo Interest on funds held on deposit 18 induded when receivable and the amount can be measured reliably by the Charity; this is nomially upon notification of the interest paid or payable by th8 Instltullon wlth whom the funds are deposlted. 2.6 Invoslmonts Fixed a55et investments are a form of financlal Instrument and are Inltlally recognised at thelr transaction cost and subsequently measured at fair value at the Balance Sheet date. unless the value cannot be measured reliably in which case it is measured at cost less impaimient. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl(Losses) on investments. in the Statement of financial activities. Paga 23
FRIENDS OF ANCHOR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (contlnued) 2.7 Stocks Stocks are valued at the lower of cost and net realisable value aft8r making due allowance for obsolete and slow-moving stocks. Cost indudes all direct costs and an appropriate proportion of fixed and variable overheads. 2.8 Debtorn Trade and other dabtors are recognised at the settl8m8nt amount after any trade dlscount off8r8d. PrepayTn8nts ar8 valued at tha amount prepald net of any tr8d8 dlscounts due. 2.9 Cash at bank and In hand Cash at bank and In hand Includes cash and short-temi hlghly Ilquld Investments wlth a short maturlty of three months or less from the date of acquisition or openlng of the deposit or similar account. 2.10 Llabllltle• and provlslon• Llabllltles are recognised when there18 an obllgatk)n at lh8 Balance sheet date a8 a re8uIt of a past event. It18 probable that a transfer of economlc benefit wlll be r8quSred In settlement, and the amount of the Settlement can be 88tlmated r8llably. Llabllltles are re¢ognl8ed at the amount thal the Charlty antlclpates It wlll pay to Settle the debt or the amount It has receSved as advanced payments for the goods or ser¥lces It must provlde. Provlslons are measured at the be8t estlmate of the amounts requSred to settle the obllgatlon. Where the effect of the tlme value of money is material, the provision18 based on the present value of those amounts. dlscounted at the pre-tsx discount rate that reflects the risks speclfic to the Ilabillty. The unwinding of the discount Is recognised in the Statement of financial activities as a finance cost. 2.11 Flnanclal In•trum•nt• The Charlty only has financlal 8888ts and financlal IlabS1itie8 of a kind that quallfy a8 ba81c financlal Instruments. Baslc finandal Instruments are Inltlally recognSsed at transactlon value and 8ubs8quently measured at thelr settlement value wlth the exceptlon of bank loans whlch are sub88quently measured at amortlsad cost uslng the effectlve Interest rnethod. 2.12 Fund accountlng General funds are unrestrlcted funds which are avallable for use at the discretlon of the trustees In furtherance of the general objeclives of the Charity and whlch have not been designated for other purposes. Restrlcted funds are funds which are to be used in accordance wlth specific restrictions Imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and adminlstering such funds are charged against the speclfic fund. The alm and use of each restricted fund Is set out in the notes to the financlal stat8m8nts. Investment Income. gains and losses are allocated to the appropriate fund. Page 24
FRIENDS OFANCHOR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 crftlcal accountlng •stlmatos and areas of Judgment Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions: The Charity makes estimates and assumptlon8 concerning the future. The resulting accountlng estSmates and assumptions will, by definition, seldom equal the related actual results. The trustees do not consider th8r8 to be any areas of Judgement that have a significant risk of causing a material adlustm8nt In th8 next financlal year, Incomo from donatlons and l•gacl•• Unrestrfcted funds 2025 Restrlcted funds 2025 Total funds 2Q25 Total funds 2024 Donatlon• Donatlons and gifts Donated goods and 8etvlce8 1,218.952 401,058 46,643 1,265,595 401.058 899,532 346,210 Total donatlon• 1,620,010 46,643 1,666,653 1,245,742 Legacle8 Grant8 237,264 237,264 50,000 335,883 50,000 Total 2025 1.857,274 96,643 1,953,917 1.581.825 Totsl 2024 1,268,477 313.148 1.581,625 Incom• from fundrnlslng Incom• from fundral8lng •v•nts Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Fundraising 801,504 801,504 604.004 Totsl 2024 142,892 461.112 604,004 Page 25
FRIENDS OF ANCHOR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Invoslment InGome Unrestricted funds 2025 Total funds 2025 Total funds 2024 Interest 212,760 212,760 170,548 Totsl 2024 170.548 170,548 Expondltur• on ral8lng fund• Fundral•lng tradlng •xpon8•• Unre8trfct8d funds 2025 Total funds 2025 Total funds 2024 other fundralslng cost8 Wages and salarles Soclal securty co8ts Contrlbutlon to defined contrfbutlon pen8lon sch8m88 355,465 230.842 24,007 7,563 355,465 230,842 24,007 7,563 190,938 199,270 19,994 6,040 Tolal 2025 617,877 617.877 416,242 Total 2024 416,242 418,242 Included wlthln fundralslng tradlng expenses are donated seprflces totslllng £262,412 (2024 - £225,304). Page 26
FRIENDS OF ANCHOR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analy81s of expendlture on charllable actlvltl•s Summary by fund type Unrestricted funds 2025 Restricted funds 2025 Total 2025 Total 2024 Charftable actlvltles 1,395.130 149,471 1.544,601 1.569,297 Total 2024 793,311 775,986 1,569.297 Analy819 of oxpondlturo by actlvltl Actlvltl88 undertaken dlrectly 2025 Support costs 2025 Total funds 2025 Total funds 2024 Charftable actlvltles 1,356,279 188,322 1,544,601 1,569.297 Total 2024 1,403,516 165,781 1,569,297 Analy81• of dlroct costs Total funds 2025 Total funds 2024 ANCHORED Together Medlcal equipment Clinical excellence Research fellowshlp costs Clinical area enhancements Patient care and comfort Prevention and Earfy Detection 50,000 91,359 71,451 432,925 3,226 613,043 94.275 692,833 91,969 46,999 129,576 (6,571) 448,710 Total 2025 1,356,279 1,403,518 In the prior year. clinical area enhancements represented an amount retumed to the charity in relation to a funding commitment where the funds were no longer required. Page 27
FRIENDS OF ANCHOR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysls of •xp•ndlturn by actlvltles (contlnued) Analysls of support costs Total funds 2025 Total funds 2024 Accountancy fees Office rent, heat and Ilght HR servlces 17,420 30.555 10,710 11.970 67.990 49,677 11,700 29,100 11,400 10,200 58,506 44,875 PR and deslgn costs Other support costs Govemance costs Total 2025 188.322 165,781 Included wlthln support costs are donated servlce8 totalllng £138,645 (2024 - £120,906). 10. Audllorf• r•mun•rallon 2025 2024 Fees payable to the Charlty8 audltor for lh8 audlt of th6 Charfty8 annual accounts 18,400 17,880 11. Staff costs 2025 2024 Wages and salaries Social securlty costs Contribution to defined contrlbutlon penslon schemes 230,842 24,007 7,563 199,270 19,994 6,040 262,412 225,304 Staff costs are paid by Balmoral Group Holdings Lirnited and Induded within donated Services In Note 4. Page 28
FRIENDS OF ANCHOR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Staff ¢o•is (continu•d) The average number of persons amployed by tho Charfty durlng the year was as follow8: 2025 2024 Fundraising and publicity Patient care and comfort 13 13 No employee receNed remuneratlon amounting to more than £60,000 Sn elther year. The aggregaie compen8atlon for kay management personnel w88 £62,598 (2024: £59,616). 12, Trustees. remunerallon and oxp•n8•8 rlng the SBar, one trust8e has been pald rernuneratlc from an emploent wlth the Charlty. The rernunerallon received was pald by Balmoral Group Holdlng5 Llmlled and Is Included wlthln the donated ser4lces detslled In Note 4. The valuo of tru8tee8' remuneration and other benefits wa8 a8 follow8: 2025 2024 Remuneratknn Penslon contrlbutlons paSd 54,562 1,761 51,946 1.756 Durfng the yBar ended 31 Mard) 2025, expenses totslling £483 were reimbursed or pald directly lo 1 trustee (2024 - £33 to 1 trustee). Expenses reimbursed relate to fundralsing and wellbeing costs, 13. Flxed asset Inv•8tr*nts Listed investments Cost or valuatlon At 1 April 2024 R8valuation8 Net tran8fer3 to cash Investmenl managers fees 1,384,511 36,240 609.602 {12,908) At 31 March 2025 2,017.445 Included within inveslments is cash held on doposit vAth a maturity date of greater than 1 year totalling £800,465 (2024 - £190,863). Paga 29
FRIENDS OF ANCHOR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Stocks 2025 2024 Merchandlse and wellbelng provlslon 46,517 29,664 15. Deblor• 2025 2024 Due wfthln onfj y•ar Other debtor8 Prepayments and accrued Sncom6 21,171 274,496 39,332 254,596 295,687 293,928 18. Cr•dltorn: Amounts falllng du• wlthln on• y•ar 2025 2024 Other credltors Accrua18 and deferred income 7,085 3,538,342 9,810 2,958,942 3.545,407 2.968,552 17. Fln4nclal In*trum•nts 2025 2024 Flnanclal a••ot• Financial assets measured at falr value through Income and expenditure 7,153.555 6,388,283 Financial assets measured at fair value through Income and expenditure comprise of cash at bank and in hand. Page 30
FRIENDS OF ANCHOR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Stslement of fund8 Statement of funds - current yèar Balance at 31 March 2025 Balance at 1 April 2024 Gainsl (Losses) Income Expenditure Unr••trlct•d lund• General Funds - all funds 4,991,723 2,871,538 (2,013,007) 36,240 5,886,494 Ro4trlGtod fund• ANCHORED Together Other re8trlcted funds 50.000 46,643 (50,000) (99,471) 134,111 81,283 134,111 96,643 (149,471) 81,283 Total of lund• 5.125.834 2,968,181 (2,162,478) 36,240 5,967,777 ANCHORED Together Is a c8mpaSgn to fundr8lse for the new ANCHOR Centre. The fund value18 £nll a8 all funds raised have been committed to the ANCHOR Cenlre. Other restdcted fund8 compr18e monSe8 rece5ved whlch have speclflc condStSon8 8tt8chad by the donor8. Page 31
FRIENDS OF ANCHOR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Statement of funds (contlnued) Statement of funds - prfor year Balance at 31 March 2024 Balance at 1 April 2023 Gainsl (Losses) Income Expenditure Unrostrlcted fund• General Funds - 811 funds 4,490,195 1,581,917 (1,209,5S3) 129,164 4,991,723 Re•trlcted funds ANCHORED Together Other restrlcted funds 692.833 81,427 (692,833) (83,153) 135.837 134,111 135,837 774,260 (775,986) 134,111 Total ol funds 4,626,032 2,356,177 (1,985,539) 129,164 5,125,834 19. Analy•l• of net assets botwmn fund• Analy818 of nat a•••ts botweon lund8 - currnnt yoar Unrestricted funds 2025 Restricted funds 2025 Tolal funds 2025 Flxed asset Investments Current assets Creditors due within one year 2,017,445 2,017,445 5,147.047 2,348,692 7.495,739 (1,277,998) (2,267,409) (3,545,407) Totsl 5,886,494 81,283 5.967,777 Page 32
FRIENDS OF ANCHOR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. Analysls of net assets between funds (contlnued) Anaty818 of net a88ets between funds - prlor year Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Fixed asset investments Current assets Creditors due wlthln one yBar 1,384,511 1.384,511 4,348,128 2,361,747 6.709,875 (740,916) (2,227,636) (2,968,552) Total 4,991,723 134,111 5.125,834 20. R•conclllatlon ol not movomont In fund• to not cash flow from oporatlng actlvltl•• 2025 2024 Net Income lor the year (as per Statement of Flnanclal ACtIvleS) 841,943 499.802 AdJu•tment• for: Galnl{Ios8) on Inv88tments and managers fees Income from Investments Decreasel(Increaso) In stock Decrea8el(Increa8e) In d8btor8 Increase In credltors (23,332) {117.665) (212,760) {170,548) {16,853) 1,668 (1,739) (197,690> 576,855 912,917 Not cash provld•d by op•ratlng actlvltl•8 1,164,114 928,484 21. Analysls of cash and cash equlvalents 2025 2024 Cash In hand Cash on deposits 2,618,130 4,535,425 1,042.626 5,343,657 Total cash and cash equlvalents 7,153,555 6,386.283 Included wlthln cash and cash equivalents are amounts held on deposit with a maturity date of less than one year from the balance sheet date totalling £4.535.425 (2024 - £5,343,657). Page 33
FRIENDS OF ANCHOR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 22. Analy81• (If chang•8 In net debt At 1 April 2024 Ca8h flow8 At 31 March 2025 Cash at bank and In harKI 6.386.283 767,272 7,153,555 23. Related party tran•actknn$ Balmoral Group Fk>ldlng8 Llmlted 18 ¢onlrolled b (Hon) DHC, a trustee and chaimian of Friends of ANCHOR, 8ddilionally is a director of Balmoral Group Holdings Limited. Balmoral Group Holdings Llmited meot the administrative costs of the Charity, therefore this has be treated as both Income and expenditure in the year. This includes staff costs (included within Nota 7) of £262,412 (2024 £225,304) in relation to employ888 provided to Fri8nds of ANCHOR pem)anent and part-time basi8, and other adminisirative costs totalling £138.645 (2024 . £120.9061 (included within Note 9}. Page 34