Charity Accounts Intelreading the accounts so you don’t have to

THE SAFE ANCHOR TRUST LIMITED

Registered charity 1100071 · accounts filings on the Charity Commission register

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.

Causes: Education/training · Disability · Environment/conservation/heritage · Economic/community Development/employment · website · Get email alerts

Latest income
£57k
Latest spending
£71k
Registered
2003
Accounts read
FY2024

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: one and a half times the Charity’s normal annual expenditure, excluding depreciation (held: £173k)
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Dean Duane Armitage resigned during the financial year.
“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
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Public fundraising profile: JustGiving — Safe Anchor Trust (matched by registered charity number).

Property (HM Land Registry)

1 registered titlein England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Bradford City · Calderdale · City Of Wakefield · Kirklees · Leeds City

Income and spending

Financial year endIncomeSpending
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.