2023-03-31-accounts - Salford Foundation Limited

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			Page
Core Values
Impact Report 2022/23
Reference and Administrative		Details
Report ofthe Trustees
Report ofthe Independent	Auditors		21
Statement of Financia!Activities			27
Balance Sheet			28
Cash Flow Statement			29
Notes to the Financial Statements			30

Board of	Trustees	Trustees			N Bhatty
					D Eames
					KSFrancis
					D Graham
					M Marflect
					KMcDermott
					M G Nkeshimana
					POpenshaw
					E Potier
					Dr KPotier	de la Morandiere
					Dr KStansfield
Company	Secretary				P East
Registered	Office				Foundation	House
					3JoStreet
					Salford
					M5 4BD
Registered	Company			Number	02472369 (England and		Wales)
Registered	Charity		Number		1002482
Senior Statutory		Auditor			A Buckley
Auditor					Mitchell Charlesworth		(Audit) Limited
					3rd Floor
					44 Peter Street
					Manchester
					M2 SGP
Bankers					Santander	UK Pic
					Bootle
					Merseyside
					L304GB

Chair:	EPotier
Trustees:	N Bhatty (appointed	20 July 2023)
	D Eames (appointed	20 July 2023)
	K Francis
	D Graham
	M Marflect
	KMcDermott (appointed		14July 2022)
	M-G Nkeshimana
	POpenshaw
	K Potier de la Morandiere
	K Prayle (resigned 8	December 2022)
	C Ramsden (resigned	2March 2023)
	KStansfield
	CTennent (resigned	2March 2023)

			Unrestricted	Restricted	2023	Unrestricted	Restricted	2022
		Notes	Funds	Funds	Total Funds	Funds	Funds	Total Funds
Income			E	E	E	E	E	E
Donations		5	22,285		22,285	36,310	500	36,810
Charitable	activities
Chantable	objects	6	2,346,878	607,831	2,954,709	1,158,670	301,854	1,460,524
Investment	income		18,943		18,943	7,042		7,042
Other income			10,010		10,010	14,403	15,000	29,403
Totallncome			2,398,116	607,831	3,005,947	1,216,425	317,354	1,533,779
Expenditure
Cost of raising funds
Fundraising	costs		17,232		17,232	14,860		14,860
Charitable	activities
Charitable	objects	10	2,188,231	594,881	2,783,112	1,255,320	331,810	1,587,130
Total expenditure			2,205,463	594,881	2,800,344	1,270,180	331,810	1,601,990
Net income			192,653	12,950	205,603	(53,755)	(14,456)	(68,211)
Transfers between
funds		15				(5,259)	5,259
Net movement of
funds for the year			192,653	12,950	205,603	(59,014)	(9,197)	(68,211)
Reconciliation offunds
Total funds	brought
forward			2,384,378	95,640	2,480,018	2,443,392	104,837	2,548,229
Total funds	carried
forward			2,577,031	108,590	2,685,621	2,384,378	95,640	2,480,018

				2023		2022
		Note
Fixed assets
Tangible assets		16		809,823		832,756
Current assets
Debtors		17	156,105		151,632
Cash at bank and	in hand		2,494,947		2,091,772
			2,651,052		2,243,404
Creditors: Amounts	falling due within one
year		18	(775,254)		(596,142)
Net current assets				1,875,798		1,647,262
Net assets				2,685,621		2,480,018
Funds
Restricted income	funds	19		108,590		95,640
unrestricted income funds
General		19	1,129,575		981,291
Designated		19	1,447,456		1,403,087
Net current assets				2,577,031		2,384,378
Total funds				2,685,621		2,480,018

					Notes	2023	2022
						E	E
Cash flows from operating	activities:
Cash generated/(used) from operations					24	419,423	(268,213)
Net cash provided by operating activities						419,423	(268,213)
Cash flows from investing	activities:
Interest from investments						18,943	7,042
Purchase of property, plant, and equipment						(35,191)	(125,909)
Net cash used in investing	activities					(16,248)	(118,867)
Change in cash and cash	equivalents	in the	reporting	period		403,175	(387,080)
Cash and cash equivalents	at the beginning		ofthe reporting
period						2,091,772	2,478,852
Cash and cash equivalents	at the end	ofthe	reporting	period		2,494,947	2,091,772

		Unrestricted	Restricted Total Funds	Restricted Total Funds	Unrestricted	Restricted	TotalFunds
Donations		Funds	Funds	2023	Funds	Funds	2022
		E	E	E	E	E	E
Donations		22,285		22,285	36,310	500	36,810
Income from		Unrestricted	Restricted	Total Funds	Unrestricted	Restricted	Total Funds
charitable	activities	Funds	Funds	2023	Funds	Funds	2022
		E	E	E	E	E	E
Aspirations &
Opportunities		705,482	29,978	735,460	545,950	34,963	580,913
Targeted	Youth
Support		322,600	251,544	574,144	353,497	30,363	383,860
Women's	Services	1,059,195	212,757	1,271,952	104,983	168,780	273,763
Targeted	Adult
Support		259,601	113,552	373,153	154,240	67,748	221,988
		2,346,878	607,831	2,954,709	1,158,670	301,854	1,460,524

Investment	Unrestricted	Restricted Total Funds	Restricted Total Funds	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023	Funds	Funds	2022
	E	E	E	E	E	E
Interest received	18,943		18,943	7,042		7,042

Other income	Unrestricted	Restricted	Total Funds	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023	Funds	Funds	2022
	E	E	E	E	E	E
Sundry income	10,010		10,010	7,210		7,210
Building
refurbishment				7,193	15,000	22,193
	10,010		10,010	14,403	15,000	29,403

Cost of	raising funds
		Unrestricted	Unrestricted
		Funds	Funds
		2023	2022
		E	E
Wages	and salaries	15,191	14,644
General	management	2,041	216
		17,232	14,860

Analysis ofchari	table expend	iture -curren	t	year
				Targeted		Targeted	Other
	Allocation	Aspirations	&	Youth	Women' s	Adult	Charitable	Total
	Basis	Opportunities		Support	Services	Support	Activities	2023
		E		E		E		E
Staff costs	Direct	341,496		355,702	333,030	220,172	5,192	1,255,592
Service delivery
costs	Direct	61,374		65,494	832,907	47,361	60,088	1,067,224
Support costs	Note ll	141,236		141,288	81,594	96,178		460,296
Total		544,106		562,484	1,247,531	363,7ll	65,280	2,783,112

				Targeted		Targeted	Other
	Allocation	Aspirations	&	Youth	Women' s	Adult	Charitable	Total
	Basis	Opportunities		Support	Services	Support	Activities	2022
		E		E		E		E
Staff costs	Direct	370,247		251,600	182,153	178,672	40,082	1,022,754
Service delivery
costs	Direct	57,856		20,426	13,598	22,322	40,364	154,566
Support costs	Note 11	178,585		97,966	79,264	53,995		409,810
Total		606,688		369,992	275,015	254,989	80,446	1,587,130

				General	Governance	2023
	Support costs			suppoK	costs	Totals
				E		E
	Wages and salaries			261,130		261,130
	Depreciation			4,091		4,091
	Facilities, property	and	insurance costs	80,293	555	80,848
	General management			24,904	10,686	35,590
	ITand communications			51,102		51,102
	Offic costs			9,308		9,308
	Other staff support	costs		18,227		18,227
				449,055	11,241	460,296
	Analysis ofgovernance		and support costs —prior year
				General	Governance	2022
	Supportcosts			support	costs	Totals
						E
	Wages and salaries			217,244		217,244
	Depreciation			21,829		21,829
	Facilities, property,	and	insurance costs	68,130	528	68,658
	General management			23,409	10,380	33,789
	ITand communications			48,195		48,195
	Office costs			6,683		6,683
	Other staff support	costs		13,412		13,412
				398,902	10,908	409,810
12.	Net income/(expenditure)				2023	2022
					E	E
	Net income/(expenditure)		isstated after charging/(crediting):
	Auditors' remuneration				8,485	8,240
	Depreciation —owned assets				58,124	37,405
	Other operating leases					576

Staff costs	2023	2022
	E	E
Wages and salaries	1,360,158	1,114,562
Social security costs	105,525	83,811
Other pension costs	66,230	56,269
	1,531,913	1,254,642

The averag	e monthly n	umber of employees during the	year was as follows:
			2023	2022
			No	No
Charitable	activities		53	46
Support staff			8	7
Temporary	programme	staff	52	47
			113	100

2023	2022
No	No

16.	Tangible fixed assets	Tangible fixed assets	Freehold		Freehold	Leasehold	Office and
			Property		Property	Property	Computer	Total
					Improvements	Improvements	Equipment
				E	E	E	E
	Cost
	At 1April 2022		927,098		119,795		48,186	1,095,079
	Additions				13,417	7,818	13,956	35,191
	At 31March 2023		927,098		133,212	7,818	62,142	1,130,270
	Depreciation
	At 1 April 2022		214,727		15,217		32,379	262,323
	Charge for year		18,542		31,626	1,303	6,653	58,124
	At 31MarCh 2023		233,269		46,843	1,303	39,032	320,447
	Net book value
	At 31March 2023		693,829		86,369	6,515	23,110	809,823
	At 31March 2022		712,371		104,578		15,807	832,756
17.	Debtors: Amounts	falling	due within	one year			2023	2022
							E	E
	Trade debtors						82,101	48,743
	Accrued income						37,458	62,538
	Prepayments						36,546	40,351
							156,105	151,632

18.	Creditors: Amounts	Creditors: Amounts	falling	falling	due within one year	due within one year				2023	2022
										6	E
	Trade creditors									232,665	48,444
	Other taxes &social security									25,381
	Accruals									49,561	350,658
	Deferred income									467,647	197,040
										775,254	596,142
	Deferred income includes				E467,647	(2022 - E197,040)	relating to	funding	received in advance on
	contracts.
	Balance brought forward									197,040	385,770
	Utilised in period									(197,040)	(385,770)
	Added in period									467,647	197,040
										467,647	197,040
19.	Movement in funds - Current year						At		Net	Transfers	At
							1April	movement		between	31March
							2022	in funds		funds	2023
							E		E	E	E
	Unrestricted funds
	General fund						981,291	305,241		(156,957)	1,129,575
	Designated funds
	Freehold Property						712,368	(18,542)			693,826
	Planned Maintenance						200,719	(30,666)			170,053
	StMary's Redevelopment				Fund		100,000				100,000
	Beneficiary Emergency			Response		Fund	30,000		(881)		29,119
	Strategy Fund						250,000	(52,307)			197,693
	Restructure Costs						80,000		(5,192)	136,466	211,274
	Infrastructure Pro)ects Fund						30,000	(5,00O)		20,491	45,491
	Tota Idesignated	funds					1,403,087	(112,588)		156,957	1,447,456
	Total unrestricted		funds				2,384,378	192,653			2,577,031

Movement in funds [Contin	uedi -	Current year
			At	Net	Transfers	At
			1April	movement	between	31March
			2022	in funds	funds	2023
					E	E
BBCChildren in Need - Leadership		Academy	57	(s7)
BUPA - Evolve			1,089	(s27)		562
BUPA —Indigo
BUPA - Positive Pathways			6,028	3,472		9,500
Co-op Foundation - Leap			38,598	(5,220)		33,378
GMCA - Capital				23,852		23,852
GMWSA - Personnel Development
Jobcentre Plus —Pathways	to Employment
Lottery —Indigo
Nationwide —Pathways Home			37,093	(37,093)
NHS Salford CCG/Salford	CVS —The Shed
Princes Trust —Find My Future			5,909	(5,909)
RHS Community Gardening	Project		3,000	(1,807)		1,193
Salford CVS —Positive Pathways			21	(ZI)
Salford CVS - Rise			2,047	(2,047)
Salford CVS and The Albert Gubay
Charitable Foundation				16,025		16,025
The Booth Charities —Leadership		Academy	5,979	(5,933)		46
Workers' Educational Association		- Learning
City			(4,181)	4,181
Youth Endowment Fund —Another		Chance		24,034		24,034
Total restricted funds			95,640	12,950		108,590
Totalfunds			2,480,018	205,603		2,685,621

Movement in funds [Continuedi - Current year	Movement in funds [Continuedi - Current year	Movement in funds [Continuedi - Current year	Movement in funds [Continuedi - Current year	Incoming	Resources	Movement
				Resources	Expended	in funds
				E	E	E
Net movement in funds, included		in the above are as
follows:
Unrestricted funds
Genera I Fund				2,393,116	(2,087,875)	305,241
Freehold Property					(18,542)	(18,542)
Planned Maintenance					(30,666)	(30,666)
StMary's Redevelopment Fund
Beneficiary Emergency Response		Fund		5,000	(5,881)	(881)
Strategy Fund					(52,307)	(52,307)
Restructure Costs					(5,192)	(5,192)
infrastructure Projects Fund					(5,000)	(5,000)
Total Unrestricted Funds				2,398,116	(2,205,463)	192,653
Restricted funds
BBCChildren in Need - Leadership		Academy			(5/)	(57)
BUPA - Evolve					(527)	(527)
BUPA —Indigo				9,985	(9,985)
BUPA - Positive Pathways				9,500	(6,028)	3,472
Co-op Foundation - Leap				29,978	(35,198)	(5,220)
GMCA - Capital				42,987	(19,135)	23,852
GMWSA - Personnel Development				8,889	(8,889)
Jobcentre Plus —Pathways	to Employment			30,240	(30,240)
Lottery - Indigo				100,000	(100,000)
Nationwide - Pathways Home					(37,093)	(37,093)
NHS Salford CCG/Salford CVS —The Shed				34,792	(34,792)
Princes Trust - Find My Future				53,761	(59,670)	(5,909)
RHS Community Gardening	Project				(1,807)	(1,807)
Salford CVS —Positive Pathways					(Zl)	(Zl)
Salford CVS —Rise					(2,047)	(2,047)
Salford CVSand The Albert	Gubay Charitable		Foundation	25,000	(8,975)	16,025
The Booth Charities - Leadership		Academy		28,750	(34,683)	(5,933)
Workers' Educational Association		- Learning	City	11,156	(6,975)	4,181
Youth Endowment Fund —Another		Chance		222,793	(198,759)	24,034
Total restricted funds				607,831	(594,881)	12,950
Totalfunds				3,005,947	(2,800,344)	205,603

Movement in funds	(continued) -	(continued) -	prior year	At	Net	Transfers	At
				I Apnl	movement	between	31March
				2021	in funds	funds	2022
					E	E	E
Unrestricted funds
General fund				922,156	62,279	(3,144)	981,291
Designated funds
Freehold Property				730,910	(18,542)		712,368
Planned Maintenance				193,790	6,929		200,719
Puccini's Event				1,045	(1,045)
Hardship Fund				14,356	(14,356)
Programmes Investment		Fund		281,135	(89,020)	(192,115)
Coronavirus Response	Fund			200,000		(200,000)
StMary's Redevelopment		Fund		100,000			100,000
Beneficiary Emergency		Response	Fund			30,000	30,000
Strategy Fund						250,000	250,000
Restructure Costs						80,000	80,000
Infrastructure Projects	Fund					30,000	30,000
Total designated funds				1,521,236	(116,034)	(2,115)	1,403,087
Total unrestricted funds				2,443,392	(53,755)	(5,259)	2,384,378

Movement in funds (continued) -	prior year	prior year	At	Net	Transfers	At
			I April	movement	between	31March
			2021	in funds	funds	2022
BBCChildren in Need - Leadership	Academy		1,712	(1,655)		57
BUPA - Evolve			6	1,083		1,089
BUPA - Positive Pathways			33,898	(27,870)		6,028
Co-op Foundation - Leap			34,963	3,635		38,598
GMCA - Domestic Abuse Emergency		Grant	206	(206)
Lottery —Indigo
Lottery 2			692	(692)
Ministry ofJustice - Covid
Nationwide - Pathways Home				37,093		37,093
Princes Trust - Better Build Back Youth
Salford			6,433	(10,366)	3,933
Princes Trust - Find My Future				5,909		5,909
RHS Community Gardening Project				3,000		3,000
Salford CVS —Positive Pathways				21		21
Salford CVS - Rise			19,898	(17,851)		2,047
The Booth Charities - Leadership	Academy			5,979		5,979
Workers' Educational Association	—Learning
City				(4,181)		(4,181)
Workers' Educational Association	—Training		1,490	(2,816)	1,326
Youth Endowment Fund - YEF			5,539	(5,539)
Total restricted funds			104,837	(14,456)	5,259	95,640
Total funds			2,548,229	(68,211)		2,480,018

Movement in funds [Continued]	Movement in funds [Continued]	-	prior year	prior year		Incoming	Resources	Movement
						Resources	Expended	in funds
						8	E	E
Net movement in funds, included			in	the above are as
follows:
Unrestricted funds
General Fund						1,199,115	(1,136,836)	62,279
Freehold Property							(18,542)	(18,542)
Planned Maintenance						17,310	(10,381)	6,929
Puccini's Event							(1,045)	(1,045)
Hardship Fund							(14,356)	(14,356)
Programmes Investment Fund							(89,020)	(89,020)
Total Unrestricted Funds						1,216,425	(1,270,180)	(53,755)
Restricted funds
BBCChildren in Need —Leadership			Academy				(1,655)	(1,655)
BUPA - Evolve						1,500	(417)	1,083
BUPA - Positive Pathways						750	(28,620)	(27,870)
Clothworkers' Foundation						15,000	(15,000)
Co-op Foundation —Leap						34,963	(31,328)	3,635
GMCA - Domestic Abuse Emergency				Grant			(206)	(206)
Lottery - Indigo						100,000	(100,000)
Lottery 2							(692)	(692)
Ministry ofJustice - Cowd						11,672	(11,672)
Nationwide - Pathways Home						39,868	(2,775)	37,093
Princes Trust - Better Build	Back	Youth Salford					(I0,366)	(10366)
Princes Trust - Find My Future						56,240	(50,331)	5,909
RHS Community Gardening	Project					3,000		3,000
Salford CVS —Positive Pathways						10,000	(9,979)	21
Salford CVS - Rise							(17,851)	(17,851)
The Booth Charities - Leadership			Academy			23,097	(17,118)	5,979
Workers' Educational Association			-	Learning	City	4,990	(9,17i)	(4,181)
Workers' Educational Association			—Training			9,008	(11,824)	(2,816)
Youth Endowment Fund -	YEF					7,266	(12,805)	(5,539)
Total restricted funds						317,354	(331,810)	(14,456)
Total funds						1,533,779	(1,601,990)	(68,211)

Analysis ofnet assets between funds-	Analysis ofnet assets between funds-	General	Designated	Restricted	Total
current year		Fund	Funds	Funds	2023
		E	E		E
Tangible fixed assets		92,145	693,826	23,852	809,823
Cash at bank and in hand		1,656,579	753,630	84,738	2,494,947
Other net current (liabilities)	/ assets	(619,149)			(619,149)
		1,129,575	1,447,456	108,590	2,685,621
Analysis ofnet assets between funds-		General	Designated	Restricted	Total
Pl'Iol' )real'		Fund	Funds	Funds	2022
		E	E	E	E
Tangible fixed assets		120,388	712,368		832,756
Cash at bank and in hand		1,305,413	690,719	95,640	2,091,772
Other net current (liabilities)	/ assets	(444,510)			(444,510)
		981,291	1,403,087	95,640	2,480,018

	Reconciliation of	net	net	income	to net cash flow from operating	to net cash flow from operating
	activities							2023	2022
								E	E
	Net income forthe		reporting		period (as per the Statement of		Financial
	Activities)							205,603	(68,211)
	Adjustments for:
	Depreciation charges							58,124	37,405
	Interest from investments							(18,943)	(7,042)
	(Increase / Decrease			in debtors				(4,473)	37,280
	Increase / (Decrease)			in creditors				179,112	(267,645)
	Net cash provided		by operating			activities		419,423	(268,213)
25.	Analysis ofohanges			in net funds		- current year	At		At
							1April		31March
							2022	Cash Flow	2023
							E	E	E
	Net cash
	Cash at bank and	in		hand			2,091,772	403,175	2,494,947
	Analysis ofchanges			in net funds		- prior year	At		At
							1April		31March
							2021	Cash Flow	2022
							E	E	E
	Net cash
	Cash at bank and	in		hand			2,478,852	(387,080)	2,091,772