ANCHOR-R&A-2024-FNL-080824

31. Transactions with related parties Anchor Hanover Group, a regulated entity, allocates overheads and charges interest on amounts loaned to two non- regulated entities within the Group. The overhead allocation is mainly in respect of an administration charge for finance, information technology, asset management and marketing services. The table shows the overhead allocation and net interest charge to the each of the two entities: Management fees Interest 2024 £’000 2023 £’000 2024 £’000

2023 £’000

1,585

206 398 604

942

196

Anchor 2020 Limited 1

Anchor Lifestyle Developments Limited

99

10,200 11,142

5,067 5,263

1,684

1 Includes £1,276k (2023: £nil) of costs relating to construction and development management. These costs relate to developments being constructed by Anchor 2020 Limited on a 'Golden Brick' basis.

Anchor 2020 Limited provides design and build services to two other group entities. The table below shows the charges made during the year to each entity:

2024 £’000 42,931 10,456 53,387

2023 £’000 1,245 34,183 35,428

Anchor Hanover Group

Anchor Lifestyle Developments Limited

The table below shows the amounts owed to/(from) Anchor Hanover Group (to)/from other group companies as at 31 March 2024. All these companies are 100% owned by Anchor Hanover Group.

2024 £’000 18,107 106,211

2023 £’000 13,115 161,452 (18,167) (23,291) 135,509 2,400

Anchor 2020 Limited

Anchor Lifestyle Developments Limited 1 Halcyon Care Homes Topco Limited Halcyon Care Homes Limited Halcyon Care Homes No 1 Limited

– – –

124,318

1 Comprises a loan of £117,051,000 loan from Anchor Hanover Group to Anchor Lifestyle Developments Limited offset by a loan of £10,840,000 from Anchor Lifestyle Developments Limited to Anchor Hanover Group.

The table shows management fees charged to entities for which Anchor Hanover Group is the sole corporate trustee:

2024 £’000

2023 £’000

Alfred Stubbs Trust

11 16 66

9

Almshouse Charity of Elizabeth Smith

13 54

Collins Memorial Trust

Jane Cameron's Old People's Charity

136

115

The Flood Charity

15

11

The Margaret Jane Ashley Almshouse Charity

3

3

William Paul Housing Trust

113 360

93

298

110 Anchor Hanover Group Annual Report & Financial Statements 2024

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