THE SAFE ANCHOR TRUST LIMITED
Our aim is to provide free, enjoyable, safe and therapeutic canal boat trips for those in our community who are disadvantaged through physical or mental disabilities, social isolation, age or social deprivation. Travelling in canal time provides a calming experience for our passengers. Supported by the Canal & River Trust, we also help to maintain our local waterways and surrounding environment.
Objects
TO PROVIDE OR ASSIST IN THE PROVISION OF FACILITIES FOR RECREATION OR OTHER LEISURE TIME OCCUPATION IN THE INTEREST OF SOCIAL WELFARE AND FOR THE PURPOSE OF IMPROVING THE CONDITIONS OF LIFE FOR PEOPLE IN NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, INFIRMITY OR DISABLEMENT, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES AND TO THIS END TO APPLY THE ASSETS OF THE COMPANY FOR THE PURPOSE OF OWNING, OPERATING AND MAINTAINING CANAL BOATS AND ANCILLARY CRAFT AND FOR THE PAYING OF ALL FEES OUTGOINGS AND RELATED EXPENSES DIRECTLY OR INDIRECTLY INCURRED IN CONNECTION WITH THE USE OF SUCH BOATS AND ASSOCIATED FACILITIES BY SUCH GROUPS.
Financial health, per its FY2024 accounts
The accounts state that the charity incurred a net outgoing resource of £14,803 for the year, resulting in a decrease in total funds from £278,517 to £265,310. Despite this deficit, the trustees report that free reserves of £172,758 remain above their stated policy target of £100,000, and they express confidence in the charity's future financial position.
What the accounts disclose
“The Trustees, having reviewed the affairs and activities of the Charity, have determined that an amount approximately equivalent to one and a half times the Charity’s normal annual expenditure, excluding depreciation, be held in reserve in cash, in order to maintain a stable financial position. Based on expenditure of recent calendar years, (excluding 2020 and 2021 due to their exceptional nature) the amount so determined is £100,000.” — page 7
“There were related party transactions during the year as the company purchased goods and services amounting to £nil (2023 - £4,212) from Designarm (UK) Ltd T/A Mirfield Boat Company, and £25,257 (2023 - £nil) from Boat Factory Limited - both company's in which Dean Duane Armitage has a controlling interest. These goods and services were purchased on an arms length basis. There were no amounts outstanding to or from the company at the year end (2023 - £nil). Dean Duane Armitage resigned during the financial year.” — page 16
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Property (HM Land Registry)
Trustees
- Anna Galindo
- David Leigh Antcliffe
- Jeffrey David Trigg
- Kevin Musgrave
- Kevin Rhodes
- Laura Moore
- PETER SMITH
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £57k | £71k |
| 31/12/2023 | £65k | £68k |
| 31/12/2022 | £35k | £45k |
| 31/12/2021 | £55k | £37k |
| 31/12/2020 | £32k | £50k |
Common questions
Is THE SAFE ANCHOR TRUST LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity incurred a net outgoing resource of £14,803 for the year, resulting in a decrease in total funds from £278,517 to £265,310. Despite this deficit, the trustees report that free reserves of £172,758 remain above their stated policy target of £100,000, and they express confidence in the charity's future financial position. Its FY2024 accounts were independently examined.