2021-03-31-accounts - Salford Foundation Limited

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			Unrestricted	Restncted	2021	Unrestricted	Restricted	2020
		Notes	Funds	Funds	Total Funds	Funds	Funds	Total Funds
Income			E	E	E	E	E	f
Donations		5	12,227		12,227	28,669		28,669
Charitable activities
Charitable objects		6	1,288,643	362,476	1,651,119	2,490,693	80,974	2,571,667
Investment income		7	12,236		12,236	22,954		22,954
Other income			345		345
Totallncome			1,313,451	362,476	1,675,927	2,542,316	80,974	2,623,290
Expenditure
Cost ofraising funds
Fundraising costs			216		216	236		236
Charitable activities
Charitable objects		8	1,232,998	288,398	1,521,396	2,360,124	52,214	2,412,338
Total expenditure			1,233,214	288,398	1,521,612	2,360,360	52,214	2,412,574
Net income			80,237	74,078	154,315	181,956	28,760	210,716
Transfers between	funds	15	(398)	398
Net movement of funds
for the year			79,839	74,476	154,315	181,956	28,760	210,716
Reconciliation offunds
Total funds brought
forward			2,363,553	30,361	2,393,914	2,181,597	1,601	2,183,198
Total funds carried
forward			2,443,392	104,837	2,548,229	2,363,553	30,361	2,393,914

					2021		2020
			Note
Fixed assets
Tangible assets			16		744,252		749,996
Current assets
Debtors			17	188,912		520,296
Cash at bank	and in	hand		2,478,852		2,282,094
				2,667,764		2,802,390
Creditors: Amounts		falling due within one year	18	(863,787)		(1,158,472)
Net current	assets				1,803,977		1,643,918
Net assets					2,548,229		2,393,914
Funds
Restricted income funds			19		104,837		30,361
Unrestricted	income	funds
Genera I			19	922,156		883,633
Designated			19	1,521,236		1,479,920
Net current	assets				2,443,392		2,363,553
Total funds					2,548,229		2,393,914

							Notes	2021	2020
								6	6
Cash flows from operating	activities:
Cash generated from operations							25	197,644	68,440
Net cash provided by operating activities								197,644	68,440
Cash flows from investing	activities:
Interest from investments								12,236	22,954
Purchase of property, plant, and equipment								(13,122)
Net cash (used in)/provided	by investing		activities					(886)	22,954
Change in cash and cash equivalents		in the		reporting	period			196,758	91,394
Cash and cash equivalents	at the beginning			ofthe reporting		period		2,282,094	2,190,700
Cash and cash equivalents	at the end	ofthe reporting			period			2,478,852	2,282,094

	Income from charitable	Income from charitable	Unrestricted	Restricted	Total Funds	Unrestricted	Restricted	Total Funds
	activities		Funds	Funds	2021	Funds	Funds	2020
			f	f	f
	Work in Schools		226,364	34.963	261,327	215,666		215,666
	Youth	Intervention
	Services		348,262	82,993	431,255	342,735		342,735
	Universal
	Services		513,880		513,880	1,676,117		1,676,117
	Adult	Inclusion
	Initiatives		200,137	244,520	444,657	256,175	80,974	337,149
			1,288,643	362,476	1,651,119	2,490,693	80,974	2,571,667
			Unrestrioed	Restricted	Total Funds	Unrestricted	Restricted	Total Funds
7.	Investment	income	Funds	Funds	2021	Funds	Funds	2020
			f	f	f	f	f	f
	Interest received		12,236		12,236	22,954		22,954

			Youth	Universal	Adult	Other
	Allocation	Work in	Intervention	Youth	Inclusion	:haritable	Total
	basis	Schools	Services	Services	Initiatives	activities	2021
		E	E	E	E	E	E
Staff costs	Direct	167,680	295,475	185,688	310,990	28,966	988,799
Service delivery costs	Direct	11,950	36,892	11,368	67,169	25,081	152,460
Support costs	Note 11	49,072	84,471	162,383	84,211		380,137
Total		228,702	416,838	359,439	462,370	54,047	1,521,396

			Youth	Universal	Adult	Other
	Allocation	Work in	Intervention	Youth	Inclusion:haritable		Total
	basis	Schools	Services	Services	Initiatives	activities	2020
		E	E	E	E	E	E
Staff costs	Direct	159,983	224,180	438,527	253,522		1,076,212
Service delivery costs	Direct	21,997	60,612	692,145	49,613	25,133	849,500
Support costs	Note 11	43,683	59,749	336,181	47,013		486,626
Total		225,663	344,541	1,466,853	350,148	25,133	2,412,338

Grants payable				2021	2020
				E	E
Charitable obiects				13,904	15,253
The total grants	paid to	institutions	during the year was as follows:
The Salford Foundation		Trust		13,904	13,629
Others					1,624
				13,904	15,253

				General	Governance	2021
Support costs				sUpport	costs	Totals
				E	E	E
Wages &salaries				231,242		231,242
Bad debts				(22,456)		(22,456)
Depreciation				18,866		18,866
Facilities, Property	&insurance		costs	55,393	481	55,874
General management				22,448	10,080	32,528
IT&communications				48,540		48,540
Office costs				7,876		7,876
Other staff support	costs			7,667		7,667
				369,576	10,561	380,137
Analysis ofgovernance		and support costs —prior year
				General	Governance	2020
Support costs				support	costs	Totals
				E	E	E
Wages &.salaries				242,941		242,941
Bad debts				26,105		26,105
Depreciation				19,688		19,688
Facilities, Property	& insurance		costs	65,018	455	65,473
General management				39,988	10,500	50,488
IT&communications				49,898		49,898
Office costs				21,991		21,991
Other staff support	costs			10,042		10,042
				475,671	10,955	486,626
Net income/(expenditure)					2021	2020
					E	E
Net income/(expenditure)		is stated after charging/(crediting):
Auditors' remuneration					7,800	9,000
Depreciation —owned assets					18,866	19,687
Other operating leases					2,196	2,196

	There were	There were	no trustees'	no trustees'	expenses	the year ended 31 March 2021 nor	for the year ended	31 March
	2020.
14.	Staff costs						2021	2020
							E	E
	Wages and		salaries				1,076,963	1,174,136
	Social security costs						83,067	94,795
	Other pension costs						60,011	50,222
							1,220,041	1,319,153
							2021	2020
							No	No
	The average		monthly	number ofemployees		during the year was as follows:
	Charitable	activities					47	45
	Support staff						5	5
	Temporary		programme		staff		21	144
							73	194


16.	Tangible fixed assets				Freehold
				Freehold	Property	Computer
				Property	Improvements	Equipment		Total
				E		E		E
	Cost
	At 1April 2020			927,098		203,126		1,130,224
	Additions				13,122			13,122
	At 31March 2021			927,098	13,122	203,126		1,143,346
	Depreciation
	At 1April 2020			177,644		202,584		380,228
	Charge for year			18,541			325	18,866
	At 31March 2021			196,185		202,909		399,094
	Net book value
	At 31March 2021			730,913	13,122		217	744,252
	At 31March 2020			749,454			542	749,996
17.	Debtors: Amounts		falling due within one year			2021		2020
						E		E
	Trade debtors					148,343		451,918
	Accrued income					30,877		53,012
	Prepayments					9,692		15,366
						188,912		520,296
18.	Creditors: Amounts		falling due within one year			2021		2020
						E		f
	Trade creditors					415,177		275,881
	Accruals					62,840		65,202
	Deferred income					385,770		817,389
						863,787		1,158,472
	Deferred income	includes f385,770 relating to		funding
	received in advance		on contracts.
	Balance brought	forward				817,389		958,570
	Utilised in period					(809,489)		(917,207)
	Added in period					377,870		776,026
						385,770		817,389

Movement in funds —Current	Movement in funds —Current	year	year		At	Net	Transfers	At
					1April	movement	between	31March
					2020	in funds	funds	2021
					E	E	E	E
Unrestricted funds
General fund					883,633	138,921	(100,398)	922,156
Designated funds
Freehold property					749,452	(18,542)		730,910
Planned maintenance					193,790			193,790
Puccini's event					3,655	(2,610)		1,045
Hardship fund					14,356			14,356
Programmes Investment	Fund				318,667	(37,532)		281,135
Coronavirus Response Fund					200,000			200,000
St Mary's Redevelopment	Fund						100,000	100,000
Total designated funds					1,479,920	(58,684)	100,000	1,521,236
Total unrestricted funds					2,363,553	80,237	(398)	2,443,392
Restricted funds
Emerge					8,091	(8,174)	83
BUPA —Evolve					22,270	(22,264)		6
BUPA —Positive Pathways						33,898		33,898
Co-op Foundation - Leap						34,963		34,963
Lottery 1-Women's serwces						(114)	114
Lottery 1 —The Shed						(73)	73
Lottery 2 —Rise						1,193		1,193
Lottery 2 - The Shed						(63)		(63)
Lottery 2 - Women's services						(438)		(438)
Salford CVS - Rise						19,898		19,898
Youth Endowment Fund	—YEF					5,539		5,539
BBCChildren in Need - Leadership			Academy			1,712		1,712
Ministry ofJustice - Women's		services grant				(127)	127
GMCA —Domestic Abuse	emergency			grant		206		206
Salford CVS - Emergency	beneficiary			support		(1)
Workers' Educational Association						1,490		1,490
Princes Trust —Better Build Back Youth Salford						6,433		6,433
Total restricted funds					30,361	74,078	398	104,837
Total funds					2,393,914	154,315		2,548,229

Movement in funds	[contwueal	[contwueal	—Current year	Incoming	Resources	Movement
				Resources	Expended	in funds
Net movement in funds, included			in the above are as follows:	E	E	E
Unrestricted funds
General fund				1,313,451	(1,174,530)	138,921
Freehold property					(18,542)	(18,542)
Planned maintenance
Puccini's event					(2,610)	(2,610)
I-lardship fund
Programmes Investment Fund					(37,532)	(37,532)
Coronavirus Response Fund
St Mary's Redevelopment		Fund
				1,313,451	(1,233,214)	80,237
Restricted funds
Emerge				36,264	(44,438)	(8,174)
Evolve					(22,264)	(22,264)
Positive Pathways				33,898		33,898
Leap Lottery grant 1-Women's Lottery grant 1-The Shed		services		34,963 32,052 12,934	(32,166) (13,007)	34,963 (114) (73)
Lottery grant 2 - Rise				18,993	(17,800)	1,193
Lottery grant 2 - The	Shed			11,902	(11,965)	(63)
Lottery grant 2 - Women's		services		14,012	(14,450)	(438)
Rise				19,898		19,898
Youth Endowment Fund				26,502	(20,963)	5,539
Leadership Academy				17,600	(15,888)	1,712
Ministry ofJustice				34,910	(35,037)	(127)
Domestic Abuse emergency		grant		39,229	(39,023)	206
Emergency beneficiary support				1,000	(1,001)	(1)
Workers' Educational	Association			5,000	(3,510)	1,490
Build Back Youth Salford				23,319	(16,886)	6,433
Total restricted funds				362,476	(288,398)	74,078
Total funds				1,675,927	1,521,612	154,315

Movement in funds	Movement in funds	lcontinuedl —prior year	At	Net	Transfers	At
			1April	movement	between	31March
			2019	in funds	funds	2020
			E	E	E	E
Unrestricted funds
General fund			834,716	273,917	(225,000)	883,633
Designated funds
Freehold property			767,994	(18,542)		749,452
Planned maintenance			178,793	(10,003)	25,000	193,790
Puccini's event			5,764	(2,109)		3,655
Hardship fund			14,656	(300)		14,356
Programmes investment		Fund	379,674	(61,007)		318,667
Coronavirus Response		Fund			200,000	200,000
Total designated	funds		1,346,881	(91,961)	225,000	1,479,920
Total unrestricted	funds		2,181,597	181,956		2,363,553
Restricted funds
Emerge			1,601	6,490		8,091
Evolve				22,270		22,270
Total restricted funds			1,601	28,760		30,361
Total funds			2,183,198	210,716		2,393,914

Movement in funds Iconnnuea) —prior year	Movement in funds Iconnnuea) —prior year	Movement in funds Iconnnuea) —prior year	Movement in funds Iconnnuea) —prior year	Incoming	Resources	Movement
				Resources	Expended	in funds
Net movement in funds,		included	in the above are as follows:	E	E	E
Unrestricted funds
General fund				2,542,316	(2,268,399)	273,917
Freehold property					(18,542)	(18,542)
Planned maintenance					(10,003)	(10,003)
Puccini's event					(2,109)	(2,109)
Hardship fund					(300)	(300)
Programmes Investment		Fund			(61,007)	(61,007)
Total unrestricted	funds			2,542,316	(2,360,360)	181,956
Restricted funds
Emerge				40,160	(33,670)	6,490
BUPA - Evolve				22,270		22,270
Smart Energy				18,544	(18,544)
Total restricted funds				80,974	(52,214)	28,760
Total funds				2,623,290	(2,412,574)	210,716
Designated funds:

Analysis ofnet assets between	Analysis ofnet assets between	funds	—current	—current			Designated	Restricted	Total
year				General		Fund	Funds	Funds	2021
						E	E	E	E
Tangible fixed assets						217	744,035		744,252
Cash at bank and	in hand				1,596,814		777,201	104,837	2,478,852
Other net current	(liabihties) /	assets			(674,875)				(674,875)
					922,156		1,521,236	104,837	2,548,229
Analysis ofnet assets between		funds	—prior year				Designated	Restricted	Total
				General		Fund	Funds	Funds	2020
						E	E	E	E
Tangible fixed assets						542	749,454		749,996
Cash at bank and	in hand				1,521,267		730,466	30,361	2,282,094
Other net current	(liabilities) /	assets			(638,176)				(638,176)
					883,633		1,479,920	30,361	2,393,914
Commitments under operating		leases
At 31March 2021the company		had annual		commitments	under non-cancellable
operating leases for other equipment			as set	out below
								2021	2020
								E	E
Within 1year								576	576
Within 2 —5years									2,196
								576	2,772

25.	Reconciliation	ofnet income	ofnet income	to	net cash flow from operating	activities		2021	2020
								6	6
	Net income for the		reporting	period (as per the Statement of		Financial
	Activities)							154,315	210,716
	Adjustments	for:
	Depreciation	charges						18,866	19,687
	Interest from	investments						(12,236)	(22,954)
	Decrease in debtors							331,384	18,539
	(Decrease) in	creditors						(294,685)	(157,548)
	Net cash provided		by operating		activities			197,644	68,440
26.	Analysis ofchanges		in net funds		—current year		At		At
							1April		31March
							2020	Cash Flow	2021
							F.	6	6
	Net cash
	Cash at bank	and in	hand				2,282,094	196,758	2,478,852
	Analysis ofchanges		in net funds		—prior year		At		At
							1April		31March
							2019	Cash Flow	2020
							6	6	f
	Net cash
	Cash at bank	and in	hand				2,190,700	91,394	2,282,094