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 & A￿OuntancY 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 in￿lativeS and programrnes coming through from cur NHS Gramplan colleagues. the Unlversity of
Aberdeen and Robert G(xdon unive￿Ity.
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, res111￿ce 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 ev0￿bIng wa do.
Looklng back at th58 last year, key hlghllghts have Includ8d:
We w8lcorned trwo major donors who have ￿edg￿l thelr annual SUp￿rt 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 communIt￿8
Funding was approved for two community programme8 - Music + movement and patient choir - to help
ild confidence and connection for patients
We launched our awareness h￿rS 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 Person￿ntrnd 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 I￿sp￿81 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. P8￿CUla￿ 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 Pant￿nIne 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 W0￿1ng. 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 VIs￿ed
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 the￿re 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 diffe￿nce. at an o(he￿iS8 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 addl￿on 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 well￿1ng
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 br￿hYlherapY 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 Gon￿nueS 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 C￿1 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 Wh￿8 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 gr0￿rth 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".
Fr￿ndS 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 dO￿gated authorfty, w￿h1n 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 Scotla￿1 (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 t￿Y 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 regula￿On8',
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 regula￿On 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 emplo￿ent 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 ACtIv￿leS)
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