Financial Statements 7
During the year one member of the Executive Management Committee had a relationship with an organisation with which Anchor Hanover Group has immaterial transactions. Robert Martin was a Board Member of the National Care Forum which had transactions with Anchor Hanover Group totalling £4,350 (2023: £17,000). Richard Petty, a Non Executive Director of Anchor Hanover Group until 30 September 2023, was also a Director of Jones Lang LaSalle Limited (JLL), an organisation with which Anchor Hanover Group had transactions totalling £5,259,000 (2023: £4,786,719). Of this, £4,965,000 (2023: £4,786,719) relates to rent for five care homes which JLL collects as managing agent for the landlord of those properties. Katy Taylor, a Non Executive Director of Anchor Hanover Group, is the Chief Customer Officer at Southern Water, an organisation with which Anchor Hanover Group had transactions totalling £356,000 (2023: £393,735). Nicola Bruce, a Non Executive Director of Anchor Hanover Group, previously held £5,000 of shares in McCarthy & Stone, an organisation with which Anchor Hanover Group had transactions totalling £8,017,000 (2023: £17,778,268). These shares were sold when the company was taken over and delisted from the stock exchange. There were no other related party transactions in the year to 31 March 2024 (2023: £nil).
32. Legislative provisions Anchor Hanover Group is registered under the following Acts:
Registration Number
Co-operative and Community Benefit Societies Act 2014 7843 Housing Act 1996 LH4095 33. Post year end events - Group and Association In July 2024, Anchor agreed to draw down a further £100m from the shelf facilities which were put in place at the end of December 2023. On 2 July 2024, £85m was borrowed from Legal and General Investment Management for 15 years. The interest rate agreed was fixed at 5.59%. The further £15m was settled on 3 July 2024. £7.5m was borrowed from each of Sunlife Assurance Company of Canada and Sunlife Assurance Company of Canada (UK) Ltd for 15 years. The interest rate agreed was fixed at 5.67%. Anchor has agreed a six-month unsecured period for all of the drawdowns, during which time security will be charged. There were no other post year end events that require disclosure or adjustment to these financial statements. 34. Housing stock in management Group Association 2024 Units 2023 Units Restated 1 2023 Units
2024 Units 35,464
Housing for older people
35,464
35,386
35,386
General needs
230
226
230
226
Non-social rented
38
7
38
7
Low cost home ownership
1,579 6,447 10,501 54,259
1,417 6,600 10,537 54,173
1,572 6,447 10,002 53,753
1,413 6,600 9,942
Care home rooms
Other leasehold housing
Total units owned and managed Units managed on behalf of others Total units in management Units owned managed by others 1
53,574
260
260
766
859
54,519
54,433
54,519
54,433
557
584
557
584
Total 55,017 1 Units managed on behalf of others have been restated for 2023 to include units that are managed by Anchor as Corporate Trustee. 55,076 55,017 55,076
111
Made with FlippingBook - PDF hosting