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2025-03-31-accounts

Registered Company Number: 02472369 (England and Wales) Registered Charity Number: 1002482

Annual Report 2024/25

Report of the Trustees and Financial Statements

SALFORD FOUNDATION LIMITED

Contents

Page
Core Values 1
Impact Report 2024/25 2
Reference and Administrative Details 9
Report of the Trustees 10
Report of the Independent Auditors 29
Statement of Financial Activities 35
Balance Sheet 36
Cash Flow Statement 37
Notes to the Financial Statements 38
Additional Information 56

Everything we do is driven and guided by our core values:

Welcoming

Our doors are open to anyone who wishes to contribute to or use the service. Whatever your issue or situation, we welcome you and want you to feel at home.

Leading by Example

We aim to change the lives of young people and adults by inspiring and empowering them to succeed with confidence, through good leadership.

Working Together

We believe that real results come from people working collaboratively and creating solutions together... and by having some fun while we do it.

Professional & Responsible

We aspire to be the very best we can be. We provide a consistent experience, operating quality systems and standards.

O) Proud & Passionate

We are hugely passionate about our Foundation, and want to do great work that we all feel immensely proud of.

&

Proactive & Dynamic

We are solution-focused and use creativity and proactivity to constantly find better ways of working.

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Impact Report 24/25

Our Impact

We helped 11 350 , young people & adults tackle disadvantage and change their lives

Working *

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Impact Report 24/25

Changing lives

----- Start of picture text -----
2 755
,
adults supported
8 595
,
children & young people
supported
----- End of picture text -----

25 projects & services 4 274 , indirect beneficiaries supported (family & household members)

[The support] has changed my life, my mindset, and given me the power to put myself first for the first time . in my life

Women’s centre service user

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Impact Report 24/25

Tackling disadvantage

8 010 , people achieved improved health and wellbeing

631 people with improved finances and debt

761 people supported to achieve better housing

“We didn’t think we were entitled to claim any other benefits. We are over the moon with this extra income, it will make life so much easier.”

Married couple in their 70s

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Impact Report 24/25

Best start in life

4 788 , young people supported with school transitions

699

young people mentored

8 740 ,

young people developed life, social & communication skills

people developed their digital skills 1 186 , young people helped to keep safe

“[The project] has helped me understand more about myself. It means I can deal with things a lot better when I am getting angry. I just do [my coping techniques] instead of fighting.”

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Impact Report 24/25

Working futures

7 342 , people progressed their education, employment and training goals 6 093 , children & young people with raised aspirations 251 people moved into jobs or training 1 135 , people developed digital skills

“It’s brought my confidence and skills up massively – I wouldn’t have even turned up to the first interview, due to my mental health and lack of believing in myself.” Employment service user

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Impact Report 24/25

Safe & strong communities

3 477 , people supported to keep safe from harm

1,986 people supported to tackle domestic abuse

1 154 , people supported to reduce their offending

745

boys & young men educated on - gender based violence

“ - I managed to move house away from my ex partner. I’ve been supported in going to court to have him ’ ’ charged. I m happy and proud of the changes I ve managed to make in my life.” Domestic abuse Service User

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Impact Report 24/25

Partnerships

----- Start of picture text -----
469 4 066 618
,
people volunteered hours of support private, public &
with us from volunteers charity organisations
worked with us
----- End of picture text -----

“ - The presentations were high quality, well informed and the pack of resources is of amazing quality. [This] will generate all sorts of thinking and interventions in our setting and I’m sure many others.” Training participant

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SALFORD FOUNDATION LIMITED

Reference and Administrative Details For the year ended 31 March 2025

Board of Trustees C Aikman
N Bhatty
M Caslake
D Eames
K Francis
A Hassall
M Marfleet
R McClenaghan-Harrop
K McDermott
M-G Nkeshimana
P Openshaw
P Passi
K Potier de la Morandiere
Company Secretary P East
Registered Office Foundation House
3 Jo Street
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 5GP
Bankers Santander UK Plc
Bootle
Merseyside
L30 4GB

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SALFORD FOUNDATION LIMITED

Report of the Trustees For the year ended 31 March 2025

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their Report with the Financial Statements of the Charity for the year ended 31 March 2025. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Objectives and Activities

Objects

To act as a resource for young people aged 5-25 living in Salford, Greater Manchester, and the North West by providing advice and assistance and organising programmes of physical, educational, and other activities as a means of:

To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society in Salford, Greater Manchester, and the North West.

Public Benefit

The Trustees confirm that we have paid due regard to the Charity Commission guidance on public benefit reporting in reviewing the Charity’s aims and objectives and in planning its future activities. This report reviews what we have achieved and the outcomes of our work in the reporting period. The review also outlines how future planned activities will contribute to the Charity’s aims and objectives.

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SALFORD FOUNDATION LIMITED

Report of the Trustees [Continued] For the year ended 31 March 2025

Achievements and Performance

This report highlights the successes and challenges we have faced during the year April 2024 to March 2025. We have had a successful year, directly supporting 11,350 children, young people, and adults (a 6% increase on the previous year). We have accomplished this through running 24 distinct projects in Salford and across Greater Manchester.

We are grateful for the service of our Trustees throughout the year and extend our thanks to Ms E Potier and Dr K Stansfield who stepped down from their roles in the course of the year. All our Trustees have brought a range of skills, experience and passion which have helped to guide and shape our strategy and its good governance.

Key successes in the last year - operationally and strategically - include:

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SALFORD FOUNDATION LIMITED

Report of the Trustees [Continued] For the year ended 31 March 2025

Achievements and Performance [Continued]

Challenges

Although our successes and achievements have been broad and deep, we remain acutely aware of and attuned to the risks we face. Additional challenges have also emerged within the year, not least the continuing trend of higher demand for services and increased complexity in the needs of many whom we are supporting. Challenging conditions persist across the charity sector, exacerbated by issues that have emerged in the last year such as the increase in Employers’ National Insurance contributions. Both our income and headcount of staff will reduce in 25/26, having a direct and negative effect on our capacity to help our beneficiaries. We face uncertainties about levels of public spending and confidence in commissioning that will follow from the outworkings of the Chancellor’s Spring Statement and subsequent Comprehensive Spending Review. We are forecasting usage of up to £190k of free reserves in the year ahead. We are therefore alert to very real short-term challenges, many of which are likely to persist into the medium-term.

In spite of challenges and inevitable uncertainties, we conclude the year in a position of considerable strength, ready to face difficulties and to celebrate greater success next year, as we continue to challenge disadvantage and change lives.

The Work of the Charity

This year our work has continued to be delivered through four thematic areas:

Aspirations and Opportunities

Our Aspirations and Opportunities work has continued to support young people’s personal, social and vocational development through a range of projects.

Work Readiness

Our Business Education Partnership (BEP) has provided work-related preparation and activities to 4,504 students this year. This work has been carried out in schools across Greater Manchester, funded in part by The JD Foundation. It remains a challenge for schools and students to keep pace with the fast-changing employment market, growth sectors and emerging jobs and career pathways. Students are therefore less knowledgeable and skilled for making the transition into employment. We are therefore very grateful for the wide range of business volunteers who have joined us to support students with their career aspirations and work readiness skills. 258 volunteers gave their time and skills to support this work during the year (a 32% increase on the previous year). This has included ‘world-of-work days’, mentoring and mock interviews for Year 10 and 11 students.

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SALFORD FOUNDATION LIMITED

Report of the Trustees [Continued] For the year ended 31 March 2025

The Work of the Charity [Continued]

‘Mock interviews’ and ‘Meet the Business’ events remain two of the most popular and impactful activities. One student commented: “I gained a lot more confidence and feel better about going to my first real interview.” Another said: “It made me feel more prepared for what comes after college” and “It was really helpful to hear about the different routes people took to get to where they are”. Providing feedback on one of the sessions, a college careers advisor said: “As a teacher, I have seen how much these sessions benefit students. The opportunity to interact with real professionals provides them with valuable insights and inspiration”.

Working Futures

Funding from BNY Mellon for our ‘Working Futures’ programme has allowed us to deliver a bespoke work readiness programme to 1,114 16-18 year olds (a 24% increase on the previous year). This has included introductions to new career pathways, such as the local growth in tech opportunities. Also, we have focused on self-employment and entrepreneurialism as another career pathway for young people to explore. Throughout the year we have also delivered the ‘Money Matters’ programme, upskilling older teenagers to navigate the financial opportunities and challenges that will face them in the years ahead. In the light of the cost-of-living crisis that the country has been experiencing, young people have been keener than ever to learn financial literacy skills. This year, this has included a particular stream of activity focused on young people at risk of becoming NEET (not in employment, education and training) and those with SEN (special educational needs). Following their participation in one of the sessions, one student said: “I have learnt that I can communicate formally without worrying or messing up what I was saying.” Another said, “I feel a demonstrated resilience as I was very nervous at the beginning, but it went well”. The activities also proved very popular with our employee volunteers. Feedback included: “The event was well-organized and successful, with students feeling proud and more prepared This is one of the best days I’ve had in a really long time.”

LEAP

The ‘LEAP’ project aims to help Year 6 students with their transition to high school. Appreciating that students who have recently made that transition are ‘experts by experience’ the project trains mentors in Year 8, enabling them to provide direct support to the Year 6 students. 127 students took part early in the year through a discrete funding stream. A small amount of LEAP delivery has since been absorbed within the broader BEP Work Readiness activities reported on above. The project has been overwhelmingly well received with strong feedback from schools. “The Leap Project has been a valuable part of our Career Programme allowing students to develop employability skills in a range of settings. The students are given the opportunity to work as a team or independently to improve skills in leadership, team building, resilience and raising self-esteem. This [has] an impact on their learning and aspirations for the future.” Another said: “The students enjoy the programme and working to deadlines, which has helped improve teamwork, communication and commitment to their groups. The students particularly enjoy going out to the primary schools to demonstrate their work.”

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SALFORD FOUNDATION LIMITED

Report of the Trustees [Continued] For the year ended 31 March 2025

The Work of the Charity [Continued]

Steps

This year we have built on our initial experience of delivering the ‘Positive Masculinity’ and ‘Boys to Men’ projects to develop our ‘Steps’ project, funded by GMCA’s Violence Reduction Unit. The project has taken a preventative, public health approach to tackling gender-based violence with boys and young men. We have been working with groups of 10 to 14 year-olds to recast masculinity in a positive light and to enable young people to proactively undermine misogynistic attitudes and behaviours with their peers. This year, we have worked with 745 pupils in schools. Additionally, we have trained 40 teaching staff in 30 schools to undertake direct delivery of our curriculum resources with their students. The project has demonstrated significant impact with students. A young man in a primary school said: “Some boys can be proper rough with girls and don’t know how to respect girls. We need to know about how to be kinder to girls.” This year, the impact on students has been independently evaluated, with the subsequent report due in the summer of 2025. Feedback from teaching staff regarding the training and curriculum resources has been equally strong. Feedback has included: “One of the best sessions I have attended this year and possibly during my career”. Another said: “[This is] a groundbreaking piece of work that will generate all sorts of thinking and interventions in our setting and in many others.” The issues the project covers have remained highly topical and widely covered in the media. We were pleased that the project was featured on ITV’s Granada News at the very end of the year.

NCS Skills Builder

Having run the National Citizen Service (NCS) programme for many years, this year marked the end of an era with the government’s decision to end all NCS delivery at the end of March 2025. Nevertheless, we made the most of the opportunity of this final year, supporting 863 young people through the Skills Builder programme in Salford, Trafford and Bolton (a 159% increase on the previous year). This year, a wide range of employability, life skills and social action projects were delivered, predominantly in partnership with further education colleges. Students and staff alike appreciated the impact and benefits of participation. Following completion of a social action project, one student said: “It’s going to be so nice on Christmas day thinking about other young people opening the Christmas boxes we have made them, I hope they really like them and are happy with what we have chosen.” College staff consistently noted improvements to the engagement with learning of their students who took part in the sessions and valued the employability sessions. One tutor provided feedback about one of their students: “He is currently, successfully following an educational pathway which should help to attain his chosen profession – engineering.”

Positive Action

A Positive Action project focused on young people’s literacy, concluded early in the year. Reading mentors from Year 10 were trained to provide support to students in Years 7 and 8 in their school, All Hallows RC in Salford. The project culminated in a family fun day and book hunt held in Buile Hill Park, with many people donating books which were given away to children and families. 203 young people took part in the project, with approximately 240 attending the fun day.

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SALFORD FOUNDATION LIMITED

Report of the Trustees [Continued] For the year ended 31 March 2025

The Work of the Charity [Continued]

Targeted Youth Support

Providing targeted youth support has remained a high priority, as we help young people to navigate the additional challenges that a small but significant proportion of teenagers face. This year we supported 747 young people and parents.

Youth Endowment Fund

This has been the third year of our Youth Endowment Fund ‘Another Chance’ project, further developing our STEER work on serious youth violence and completing our 2-year efficacy study. We have successfully embedded the project in 6 local authority areas: Salford, Trafford, Wigan, Manchester, Tameside and Bolton – supporting 388 young people and 7 parents. External evaluation and developing standards of evidence are a core element of the project and we have worked collaboratively with Cordis Bright and Royal Holloway University throughout the year.

The project has made a significant difference to young people with a range of needs. For instance, ‘Nabeel’ was referred to STEER following a serious physical altercation with his father and a dramatic decrease in his school attendance and engagement, driven in part through truanting. Over 6 months, a trusted relationship was built with Nabeel by his mentor and a range of interventions were implemented. These included work on aspirations and goal setting, thinking and behaviours, positive peer groups and safety mapping. At the end of the 6-months of support, a multi-agency meeting of professionals agreed that Nabeel required no further support. His school attendance had risen from 30% to over 80%. His behaviour and respect at home had increased significantly and he had developed new hobbies and interests. At first, Nabeel had been very guarded and sceptical about receiving support. However, his feedback to his mentor was: “You are really good at your job. I have felt comfortable speaking about things with you, knowing you will help, and I am not being judged”.

STEER

The Youth Endowment Fund project is based on our original STEER programme for young people affected by gangs and serious violence. Through separate funding, a further 19 young people and 2 parents were supported in Bolton and a further 27 young people and 4 parents as part of the Orsdall, Langwothy and Charlestown Youth Partnership.

Blocks Manchester

We have continued to deliver our Blocks early-intervention mentoring project in north and east Manchester throughout the year. The project is funded by the GMCA Violence Reduction Unit and focuses primarily on 9 to 12 year-olds who may be showing early risks of involvement in crime and violence. We firmly believe that early identification and intervention approaches are critical. We have been working in partnership with 10 primary schools, with our mentors colocated in the school settings. This year our parenting support offer and transition support for a small cohort in the first year of high school has continued. We have also launched a small pilot with a cohort of Year 3 and 4 students – adapting our interventions to provide even earlier targeted intervention.

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SALFORD FOUNDATION LIMITED

Report of the Trustees [Continued] For the year ended 31 March 2025

The Work of the Charity [Continued]

A very positive evaluation of the impact of the project has been published by Manchester Metropolitan University and was launched at a stakeholder event in the autumn, introduced by Kate Green, Deputy Mayor of Greater Manchester. This year we supported 153 young people and 29 parents.

‘Leo’ was referred to the programme due to his risk of exclusion fuelled by multiple fights both at school and in the community. His dad was also in prison, on remand for a serious violent offence. Leo struggled to control his emotions, saying that – when angry – he just “saw red.” His mentor worked with Leo to teach him several coping strategies, to understand his emotions better and to learn how to regulate his responses. Leo has made fantastic progress. He is happier and shows less bravado. He has not been involved in a single fight in school for months and is no longer considered an exclusion risk. As his dad was due to be sentenced in the autumn, Leo was one of a small number of students who received transition support into the start of Year 7 in his high school. Leo said: “BLOCKS has helped me understand more about myself. I think this is important because it means I can deal with them a lot better and when I am getting angry, I just do some scrunchies [coping mechanism] instead of fighting.”

Blocks Salford

We have also supported a small cohort of 15 young people in Salford with funding from reserves.

Engage Trafford

Our ‘Engage Trafford’ targeted mentoring project has supported 97 young people throughout the year (a 33% increase on 23/24) as well as 6 parents. Young people themselves as well as parents have been extremely grateful for the support provided and articulate about the change that has been made possible. Responding to the worsening mental health of children and young people since the pandemic has been a key theme for Engage this year, alongside serious emotional dysregulation. ‘Jordan’ was referred to Engage after his mum had to spend 12 months in hospital, leading to an extended period of interim care with his grandparents. During this time his behaviour deteriorated significantly and his school place became at risk. He also went missing from home for 3 days and was arrested by the police for a separate incident. Jordan’s mentor worked with him consistently to address the root causes of his behaviours and to help him understand and respond to his emotions more constructively. Jordan is now making great progress at school and at home, where he is back living with his mum. She said: “Thanks for your help with Jordan – u defo made a difference.”

Women's and Survivors’ Services

This year we have continued to develop our offer to vulnerable and disadvantaged women in Salford. Through 7 distinct projects, we have supported 2,069 women and 340 of their children (a 5% increase on the previous year).

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SALFORD FOUNDATION LIMITED

Report of the Trustees [Continued] For the year ended 31 March 2025

The Work of the Charity [Continued]

Safe In Salford

We have delivered our third year of the ‘Safe in Salford’ domestic abuse service. We are the lead provider in the service model, working collaboratively with our sub-contracted partners Trafford Domestic Abuse Services (TDAS); Talk, Listen, Change (TLC); and The Pankhurst Trust (Incorporating Manchester Women’s Aid) (PTMWA). This has been a significant step-change for the provision of domestic abuse services in Salford. These were previously commissioned separately and were not always able to provide joined-up working for individuals and families affected in ways that could deliver improved outcomes and impacts. Collectively, we have delivered services to high-risk survivors; survivors identified through their contact with their GP surgery; children and young people who have witnessed domestic abuse; medium-risk survivors and perpetrators. During our third year we have enhanced our partnership working and colocation with key agencies, including Greater Manchester Police, housing and mental health teams. We have also continued new and innovative practice through our ‘Rapid Response’ and ‘High Risk, High Harm’ pilot projects.

During the year we supported 1,751 people. This has been a fantastic, collective achievement. Many individuals have shared with us the impact that our support has had. One survivor said: “I managed to move house away from my ex-partner. I’ve been supported in going to court to have him charged. I’ve had just one worker since the issues I had at the beginning, which has been amazing. I’m happy and proud of the changes I’ve managed to make in my life and think I may have given up on the court case as it took 3 years to get to court, had it not been for the ongoing support.” In order to tackle domestic abuse systematically, work with children who have witnessed domestic abuse is an important part of the Safe in Salford model. One parent said: “He is definitely more secure in himself. He leaves [the sessions] telling me about his feelings. He isn’t worried and understands that he is going to be ok. I feel the staff go above and beyond, always communicating either via text or face to face. The ladies delivering are truly amazing.”

We have continued to work with our commissioners and partners throughout the year to make improvements to the wider determinants affecting domestic abuse. Developments in the wider context that are of note in the past year have been the continued crisis in temporary housing provision; long waiting times for cases to make their way to prosecution through the criminal justice system; and significant increases in safeguarding incidents and mental health needs.

Indigo

We have also continued to deliver our ‘Indigo’ project throughout the year. We have experienced extremely high demand for the service and supported 235 people. Additionally, we estimate that there have been 170 indirect beneficiaries due to the positive impacts on families. This includes children returned to their families following court proceedings or a complete discharge from social services oversight and intervention. The use of peer ambassadors and educators has also been a key approach, involving women who are ‘experts by experience.’ 5 women have contributed 308 hours of voluntary support.

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SALFORD FOUNDATION LIMITED

Report of the Trustees [Continued] For the year ended 31 March 2025

The Work of the Charity [Continued]

‘Julie’ was one beneficiary. She found out she was pregnant whilst in hospital recovering from injuries sustained in a domestic abuse incident. She started Indigo less than a month after giving birth. Having previously been in an abusive relationship, she had moved to a new area with no support networks and had turned to drugs as a coping mechanism. Her baby was removed from her care upon birth. Indigo has been transformational for Julie as it is the first time she has really understood and come to terms with the domestic abuse she has faced. She is no longer using substances and has cut ties with significant, negative people who have been very influential. Social Services are beginning the process of returning her baby to her care and are also helping her regain contact with her two older children. Julie said: “Indigo has changed my life, my mind set, and given me the power to put myself first for the first time in my life.”

Together Women Project

We have continued to support women in the criminal justice system through our 'Together Women Project' (TWP), working collaboratively with the Probation service and as part of the Greater Manchester Women’s Support Alliance (GMWSA). This year, we supported 188 women in all parts of the criminal justice system, from leaving prison to exiting police cells without charge. We have also been significantly helped by financial support from The JABBS Foundation as we have participated in their national ‘Effective Women’s Centres’ project.

The women we support often live extremely challenging lives and are both the perpetrators and victims of crime. Many are affected by issues such as domestic abuse, adverse mental health, drug and alcohol problems and caring responsibilities. For many, their needs have been further exacerbated by the longer-term social impacts of the pandemic. Providing holistic support is therefore both challenging and of critical importance.

One woman who was supported this year was ‘Hannah.’ Hannah was referred by Probation due to her complex offending history of serious assaults, coupled with mental health difficulties and substance addition. Hannah also has an autism diagnosis and can struggle in social settings and with communication with professionals. Her keyworker provided wrap-around support, including introduction and advocacy to specialist housing and debt services. This has included Hannah securing a Debt Relief Order (DRO) – with the result that she is debt-free for the first time in over 20 years. She is making positive progress and has not reoffended. Hannah said: “I have had great support from the Women’s Centre – helpful towards me and my neurodivergence. I am so grateful for the support and think it’s brilliant what you offer women here!”

Funding from Greater Manchester Mental Health for a part-time health worker in the Centre has supported a further 15 women.

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SALFORD FOUNDATION LIMITED

Report of the Trustees [Continued] For the year ended 31 March 2025

The Work of the Charity [Continued]

Pathways Wellbeing

This year our Pathways Wellbeing project has received funds from The Booths Charities and The JABBS Foundation, and supported 102 women (a 70% increase on the previous year). This has been a crucial part of our women’s offer, providing a route into services for women with specific support needs and less complexity, whilst providing a route back to the community for women exiting our more complex services such as Safe in Salford and TWP. The feedback from the women on the impact the projects have had on them has been consistent. Speaking about the support provided, one woman said “It helps me know I can leave my house and I’m safe and I won’t be hurt. I’m more confident now to be able to do more stuff with my children and know they are safe”.

Elevate (Learning, skills and Work)

We have continued to provide support to women through our Elevate (learning, skills and work) project. Funded by the Albert Gubay Foundation, we deliver the project in a partnership with other local charities, including Salford CVS, Mustard Tree, Groundwork, The Broughton Trust, and Salford Loaves and Fishes. This year we have supported 96 women, 76% of whom have progressed into employment or training. The project has provided a wide range of employment preparation and support, including running regular ‘Makers’ Markets’ where women sell products they have made. One woman commented: “I needed help with my CV. [My key worker] helped me which led to her also getting me on a course with Inspiring Communities which I will then be able to pursue a career that I will love. [My key worker] has been excellent and great to work and talk with and has given me lots of support and encouragement.”

Complementary to Pathways and Elevate, and continuing the work we do to support Salford as a ‘Learning City’, we continued to run a thriving and successful Sewing Bee club for 22 women in Little Hulton.

Targeted Adult Support

Our other programmes for adults facing significant challenges have provided invaluable support to 638 people in Salford. Adult Services delivered from our hub in Acton Square were supported in the year by a generous core grant from Garfield Weston.

Integrated Rehabilitation Service Wellbeing Hub

Throughout the year we have continued to develop the Integrated Rehabilitation Service Wellbeing Hub located as part of The Shed at Acton Square, supporting 224 men (a 10% increase on 23/24). The project focuses on ‘welfare’ for men being supported by the Probation Service in Salford. This has enabled us to support men with a wide range of issues affecting their rehabilitation, including mental health, housing support, debt and welfare, and developing their thinking skills, attitudes and resilience. We have been greatly assisted in this through a range of co-locations, including staff from DWP, family support, mental health treatment requirement and trauma-informed support.

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SALFORD FOUNDATION LIMITED

Report of the Trustees [Continued] For the year ended 31 March 2025

The Work of the Charity [Continued]

There have been many examples of impactful support provided to men through the course of the year. ‘John’ was referred by his probation worker following his release from a long custodial sentence. John has spent most of his adult life in and out of prison and was supervised by the intensive police ‘Spotlight’ team upon release due to his high risk of reoffending. John said he expected the support from us to be a “tick box exercise” and was surprised at the breadth and intensity of help he received. This included support with benefits payments and form filling due to his learning disabilities; help to successfully secure a tenancy in shared accommodation; access to counselling support; and participation in the wider hub programme of weekly activities including the breakfast club and gardening activities. John has not reoffended and is no longer being supervised by Spotlight due to the excellent progress he has made whilst accessing our support.

Elevate (Learning, skills and work)

Our support to men seeking work through the Elevate programme has continued, complementing the support reported above that we provide to women through the same project. We have supported 83 men, 57% of whom have progressed into training or work. Feedback from those taking part has been consistently good and demonstrate the range of barriers to progression the men have faced. One said: “I felt lost when I first came here. I had too much going on and didn’t know how to deal with it all at once. I really enjoyed the Fork Lift Truck course and would recommend it to anyone! Thank you for all your help and support, you are all amazing people.” Another commented: “I was offered quite a lot of help from start to finish, pretty much. It’s brought my confidence and skills up massively because I wouldn’t have even turned up to the first interview to be honest, due to my mental health and just the lack of believing in myself.” We are grateful to Landsec for giving us a grant to increase our employability support at Acton Square. This has enabled us to support a further 60 men. To date, 55% of them have progressed into training or work.

Money, Debt and Fuel Poverty

Our work focusing on financial inclusion, debt reduction and fuel poverty has continued to be highly valued by people who are living in significant poverty. This year we have had a particular focus on helping people on benefits who are homeowners or in private rented accommodation to access small improvements to their homes, in collaboration with Salford Council. 184 people have been supported by our work, with an estimated 405 further people who have directly benefited from the improvements made.

A couple in their 70s, both with disabilities, were referred for support. They initially wanted help with a repair to a leaking tap in the kitchen. After confirming eligibility for the scheme and making a referral to the contractors, it was also identified that they were both likely to be entitled to claim further benefits, given their health issues and disabilities. Benefits checks and applications were made with the couple during a follow-up home visit. We also provided energy savings advice, Warm Packs and advised they are entitled to claim the Winter Fuel Payment. They had been worried about whether they would still be entitled to receive this payment after reading about changes in the news. As a result, their household income has increased by £7,555 per annum. They said: “We didn’t think we were entitled to claim any other benefits. We are over the moon with this extra income, it will make life so much easier.”

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SALFORD FOUNDATION LIMITED

Report of the Trustees [Continued] For the year ended 31 March 2025

The Work of the Charity [Continued]

Homeless Prevention

A grant from the Nationwide Building Society charity has enabled us to support 75 men at risk of homelessness. This work has included the development of personalised support plans; budget and money management support; improving independent living and tenancy sustainment skills; and improving social and community connections. Many of those we have supported have been in extreme need and facing complex circumstances. One man said: “Without your support I would still be on the streets and scared due to my epilepsy. I wouldn’t have the temporary house and wouldn’t be moving soon.” Another said, “The team were influential [with other professionals]; extremely polite; and exemplary in what they did. May I say ‘thank you’ for all the support to find my perfect home.”

A further 12 men were also supported at Acton Square at the beginning of the year through a ‘Creative Health’ project, funded in part from reserves.

Future Plans: Opportunities and Risks

Strategic Priorities

As we begin the 25/26 financial year, we are launching our new strategy for 2025 – 2030, “Tackling disadvantage; changing lives.” This sets out our key opportunities and our approach to helping our communities. Our three main priorities are:

In the next five years we will also:

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SALFORD FOUNDATION LIMITED

Report of the Trustees [Continued] For the year ended 31 March 2025

Future Plans: Opportunities and Risks [Continued]

As an agile charity, built to serve a changing society, we will learn, innovate and adapt.

Resources

To achieve our strategic goals, we have committed to using our resources – finance, people and buildings – as proactively and collaboratively as possible to help people create lasting change in their lives. We will continue to adapt the usage of our renovated and reconfigured space at Foundation House and will use this as a co-located space for staff from other charities with whom we are working in partnership. We will continue to adapt and develop our use of 6 Acton Square, the lease on which has been extended for a further five years.

Use of Reserves

To enable our work to develop and grow we will continue to invest in our work from our own reserves. Designated reserves are held to support this and include: a Strategy Fund to invest in our own operational projects; a Beneficiary Emergency Response Fund to help those facing particularly extenuating circumstances; an Infrastructure and Restructure Fund – to ensure we can make investments in the core capacity of our charity, so that we are more effective and efficient in delivering services and helping people; and a Property Development Fund- to review physical resources, assets and premises required to best deliver services in the medium-term.

Risk Management

We recognise that the years ahead are not without risks for our charity. We continue to monitor these carefully through our Risk Register and Risk Scorecard, with oversight from our Audit and Risk Sub-Committee. Achieving a balanced budget and covering our operational costs will remain challenging in the year ahead. Recruitment and retention of suitably experienced and qualified staff is also a significant challenge for certain areas of our operational delivery. The risk of excessive demand on our services as the volume of people requiring our help is anticipated to increase, as is the complexity of needs which people are dealing with. As we face the future, we will remain mission-focused and endeavour to find the right balance between being courageous in meeting the needs of our beneficiaries and also being financially prudent. In so doing, we are well served by our healthy reserves position which provides a very firm foundation from which to balance our risks and opportunities and to plot our course in the next five years and beyond.

Financial Review

Results for the Year

The financial results for 2024/25 reflect the stable, yet broad, range of services provided during the year. Turnover has continued to steadily build from the previous year, rising by 6.5% to £3.56m. With increased income, came a rise in expenditure by 18.9% to £3.9m. Overall, this has resulted in a deficit of £344k.

Page | 22

SALFORD FOUNDATION LIMITED

Report of the Trustees [Continued] For the year ended 31 March 2025

Financial Review [Continued]

For the first time in our history, income has been above £3.5m. Women’s and Survivors’ Services continue to be the most significant operational area with income of £1.6m, compared to £1.5m in the previous year, this includes the ‘Safe in Salford’ domestic abuse partnership which operates in collaboration with 3 other specialist charities. Targeted Youth Support sustained income at £852k for the year (£850k in the previous year) with the continuation of the large STEER project as well as the Blocks mentoring project. Aspirations and Opportunities has income of £549k in comparison to £379k in the previous year, a reflection of increased funding in respect of our National Citizen Service (NCS) Skills Builder programme as well as the introduction of our Steps project. Targeted Adult Support has recorded income of £384k, a decrease of 7% from £412k in the previous year due to a change in mix of projects and funders in the area.

The expenditure of £3.9m continues to be significantly made up of staff costs, totalling £2.2m, an increase of 18% from 2023/24. Service delivery costs continue to increase reflecting the increase in operations year on year as well as general increases in costs. Support costs have continued to rise, increasing by 12% year on year to £582k reflecting the pressures felt from inflation and the cost of living crisis in the running of two properties as well as an increased number of staff.

However, despite the overall deficit of £344k recorded for the year, the net impact on the general free reserve was as originally budgeted, a break-even position, as the deficit was funded by £215k from restricted funds and £129k from designated funds. The Strategy and Infrastructure and Restructure Designated Funds have been instrumental in assisting in covering the costs of developing and growing the organisation to its current size. The Strategy Fund has allowed investment in operational projects such as Indigo, and the Infrastructure and Restructure Fund has helped grow the core capacity in the charity bringing improvements to the effectiveness and efficiencies of service delivery.

After consideration of the already agreed levels of funding as well as planned usage of designated and free reserves, the Trustees have agreed a budget for the 2025/26 financial year anticipating a net operating loss of up to £190k. Various factors have been considered in the preparation not just including the increase in national insurance costs being felt across all businesses, but also the increased competition in the sector for funding from Trusts and Foundations as well as the uncertainty around government spending decisions. Attention has also been given to the ability for the organisation to sustain its current size along with controlled future growth and developments.

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SALFORD FOUNDATION LIMITED

Report of the Trustees [Continued] For the year ended 31 March 2025

Financial Review [Continued]

Reserves

Each financial year the Audit and Risk Committee and Trustees review our Reserves Policy to establish the level of free reserves needed to enable us to operate effectively and responsibly; representing the funds that might be needed: to support expenditure in the event of reduced income or changes in circumstances; and to support expenditure that might be needed to help develop the charitable offer.

In considering the appropriate level of reserves, the Trustees take into account the nature of funds and funding received by the Charity and its operations, the assessment of risks to the Charity's activities, income and expenditure and the anticipated future requirements of the organisation's plans and budgets. The trustees reviewed the free reserve range in place and agreed to maintain it at £800,000 to £1,100,000. This considers anticipated future income and its volatility, the environment, the needs of current and future beneficiaries and the levels of known liabilities. The reserves are intended to provide for contingencies; to absorb setbacks, mitigate for risks and also to be able to take advantage of change and opportunities.

The Trustees monitor the level of reserves through financial reporting by the organisation's Senior Management Team to the Audit and Risk Sub-Committee and through the Board's normal cycle of business. In the event that the level of appropriate reserves cannot be met, the Trustees will establish an intended course of action to bring the level of reserves up to the required level over a period of time. In the event that the level of reserves exceeds the level considered appropriate by the Trustees, the funds will be deployed in the best interests of the Charity, which may include investment in new services or designation of funds for a particular project.

At 31 March 2025, the Charity’s total funds were £2,399k (2024: £2,744k) consisting of: £61k restricted reserves (2024: £277k). £657k fixed asset reserve (2024: £675k) and £641k in other designated reserves (2024: £752k). The remainder of £1,039k represents the available free reserves (2024: £1,040k) which is within the current set target range.

Going concern

We continue to adopt the going concern basis in preparing this annual report and financial statements. Despite the budget for the 2025/26 financial year anticipating a net operating loss, the level of free reserves held are forecast to be able to accommodate the planned spend and still remain within the set target range. Consideration has been given to already agreed levels of funding as well as the current business plan, and the planned usage of specific designated funds. The Trustees consider there is a reasonable expectation that the Foundation has adequate resources to continue to support its charitable objectives for the foreseeable future. There are no material uncertainties that would impact on the Charity’s ability to continue.

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SALFORD FOUNDATION LIMITED

Report of the Trustees [Continued]

For the year ended 31 March 2025

Financial Review [Continued]

Fundraising

We do not undertake direct fundraising, do not use professional fundraisers and do not use commercial participators to generate fundraised income.

We are committed to fundraising best practice and comply with the Fundraising Regulator’s key principles and behaviours that are enshrined in the Code of Fundraising Practice. We undertake to comply with relevant laws and regulations, including the Proceeds of Crime Act, Data Protection, Tax and Gift Aid legislation and Charity Commission guidance.

There is a clear commitment to be legal, open, honest and respectful in all aspects of our fundraising activity. Our Fundraising Policies set out our ethical approach, guidance, complaints process and best practice on Fundraising for Trustees, staff and volunteers. We have not received any complaints relating to any of our fundraising activities.

Structure, Governance and Management

Governing Document

The Charity is a company limited by guarantee and is governed by its Memorandum and Articles dated 9th February 2016 (amended 28[th] September 2023) and is registered with the Charity Commission.

Governance

The Board has a mix of representatives from business, professional disciplines, public services and others with suitable skills and experience. On-going training of Trustees takes place and on appointment, an induction is given by the Chief Executive. The Audit and Risk Sub-Committee meets as required, with delegated duties approved by the full Board. In addition, ad hoc task and finish subgroups of the Board are convened with members of the Senior Management Team to expedite the execution of duties. A Remuneration and HR Sub-Group meet twice a year, reporting to the Audit and Risk Sub-Committee.

Risk Management

The Trustees have examined the major strategic, business, and operational risks that the Charity faces and confirm that systems have been established to enable regular reviews to be carried out so that necessary steps can be taken to manage these risks. The Trustees are satisfied that reasonable steps are being taken to limit the likelihood and the impact of the risks identified.

Trustee Recruitment

The recruitment of new Trustees is via advertising campaigns using social media and Greater Manchester VCSE and private sector networks to ensure that vacancies are disseminated across our communities. Potential new members of the Trustee Board are invited to discuss the role informally with the Chair or Vice-Chair and CEO before attending a Trustee Board meeting as an observer. Successful candidates are appointed as Trustees following a unanimous vote by the Board. The Board meets, formally, five times during each financial year.

Page | 25

SALFORD FOUNDATION LIMITED

Report of the Trustees [Continued] For the year ended 31 March 2025

Structure, Governance and Management [Continued]

Trustee Training

An induction process is in place, whereby new Trustees receive support from the CEO, the Chair and another fellow Trustee. Trustees also receive a comprehensive briefing pack on appointment containing information about the organisation and guidance on the role of a trustee from the Charity Commission, including the Charity Governance Code.

The Board arranges an annual strategy and training day, attended by senior managers and Trustees. The purpose of these sessions, in addition to discussing wider strategic themes, is to give Trustees hands-on experience of the Charity’s work and the services delivered. In addition, the opening agenda item at each Board meeting is a showcase by staff and/or services users on a particular programme or initiative.

Directors and Trustees

The Directors of the Charitable Company (the Charity) are its Trustees for the purpose of Charity Law and throughout this Report are collectively referred to as the Trustees. The Trustees who served the company during the period were as follows:

Key management personnel: Trustees and Directors

Chair : M Marfleet Trustees: C Aikman (Appointed 26[th] September 2024) N Bhatty M Caslake D Eames (Appointed as Vice Chair 17[th] July 2025) K Francis A Hassall (Appointed 26[th] September 2024) R McClenaghan-Harrop (Appointed 5[th] December 2024) K McDermott M-G Nkeshimana P Openshaw P Passi (Appointed 17[th] July 2025) E Potier (Resigned 31[st] March 2025) K Potier de la Morandiere K Stansfield (Resigned 26[th] September 2024)

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SALFORD FOUNDATION LIMITED

Report of the Trustees [Continued] For the year ended 31 March 2025

Key management personnel: Principal staff

Chief Executive Officer: P East Senior Management Team: M Langhorn – Deputy CEO to 31[st] March 2025, Senior Operations Manager from 1[st] April 2025 J Damen - Operations Manager (Youth) H Garry - Business Development Manager M Palmer - Business Manager S Sheehy - Operations Manager (Targeted Youth Support) to 4[th] April 2025

Reference and Administrative Details

Reference and administrative details are shown in the schedule of members of the board and professional advisers on page 9 of the Financial Statements.

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SALFORD FOUNDATION LIMITED Report of the Trustees Icontlnuedl For the year ended 31 March 2025 Statement of Trustees. Responsibilities The Trusiees (who ar8 also the Directors of Salford Foundotion Limited for the purposes of Company Lawl ore responsible for preparing the Report of the Trustees and the Finoncial Stoiements in occordance with applicable law and United Kingdom Accounting Standords (United Kingdom Generally Accepted Accounting Proctice). Company law requires th8 trusiees 10 prepare financiol siatements for each financial year which give o true and fair view of the state of offairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period. In preparing those financial stotements. the trustees are required to.. select suitable accounting policias ond then apply them consistently. observe the methods and prlnciples in the Charities SORP; make judgements and estimates that ar8 r8asonable ond prudent., state whether appllcable UK Accounting Stondords have been followed, subject to any material deportures disclosed ond explained in the financial statements., and prepare rhe financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charitable Company and to enable them to ensure thai the Finoncial Statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Insofar as th8 Trustees are aware: Theré is no relevant audit informatlon of which the Charitabl8 Company's auditors are unowar8 of., and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors ar8 aware of rhat information. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the 8oard of Trustees on 25 S8Ptember 2025 and signed on its behalf by: Morflaet Chalr Page | 28

SALFORD FOUNDATION LIMITED

Report of the Independent Auditors to the Members of Salford Foundation Limited

For the year ended 31 March 2025

Opinion

We have audited the financial statements of Salford Foundation Limited (the 'charitable company') for the year-ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement, and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

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SALFORD FOUNDATION LIMITED

Report of the Independent Auditors to the Members of Salford Foundation Limited [Continued]

For the year ended 31 March 2025

Other information

The other information comprises the information included in the Report of the Trustees other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

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SALFORD FOUNDATION LIMITED

Report of the Independent Auditors to the Members of Salford Foundation Limited [Continued]

For the year ended 31 March 2025

Responsibilities of trustees

As explained more fully in the Statement of Trustees’ Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor’s Report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non-compliance with laws and regulations are set out below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

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SALFORD FOUNDATION LIMITED

Report of the Independent Auditors to the Members of Salford Foundation Limited [Continued]

For the year ended 31 March 2025

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with the laws and regulations, we considered the following:

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to the timing of the recognition of income in particular in relation to deferred income. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override and we identified risk in relation to the posting of unusual journals and the manipulation of accounting estimates.

We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included Safeguarding, the Financial Reporting Standard applicable in the UK (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK (FRS 102), and the Companies Act 2006.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty. These included Data Protection Regulations.

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SALFORD FOUNDATION LIMITED

Report of the Independent Auditors to the Members of Salford Foundation Limited [Continued]

For the year ended 31 March 2025

Audit response to risks identified

As a result of performing the above, we identified the timing of the recognition of revenue as the key audit matter related to the potential risk of fraud.

In addition to the above, our procedures to respond to risks identified included the following:

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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SALFORD FOUNDATION LIMITED Report of the Independent Auditors to the Members of Salford Foundation Limited Icontlnuedl For the year ended 31 March 2025 Use of our report This report is made solely to the charirable compony's members, as a body, in accordance with Chapter 3 of Port 16 of rhe Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we ore required to state to them in an auditors, report and for no other purpose. To the fullest extent permiried by law, we do not accept or assume responsibility to onyone other than rhe choritable company and the charitoble company's members as a body, for our audit work, for this report, or for the opinions we hav8 formed. Allson Bvckley (Senlor Statutory Audltor) For and on behalf of Mltchell Charle$worth (Audlt) Llmltod 3rd Floor 44 Peter Street Manchoster M2 SGP 25 9.<9, Page134

SALFORD FOUNDATION LIMITED

Statement of Financial Activities

(Incorporating an Income and Expenditure Account) For the year ended 31 March 2025

Unrestricted Restricted 2025 Unrestricted Restricted 2024
Notes Funds Funds Total Funds Funds Funds Total Funds
Income £ £ £ £ £ £
Donations 5 58,438 - 58,438 26,339 - -
26,339
Charitable activities
Charitable objects 6 2,812,547 579,288 3,391,835 2,360,422 830,212 3,190,634
Investment income 7 81,486 - 81,486 57,831 - -
57,831
Other income 8 32,177 - 32,177 20,424 50,000 50,000
70,424
Total Income 2,984,648 579,288 3,563,936 2,465,016 880,212 880,212
3,345,228
Expenditure
Cost of raising funds
Fundraising costs 9 24,077 - 24,077 21,003 - -
21,003
Charitable activities
Charitable objects 10 3,089,450
 794,815
 3,884,265 2,554,148
 712,137
 3,266,285
Total Expenditure 3,113,527 794,815 3,908,342 2,575,151 712,137 3,287,288
Net income (128,879) (215,527) (344,406) (110,135) 168,075 168,075
57,940
Transfers between
funds 15 -
 -
 - -
 -
 -
-
Net movement of
funds for the year (128,879) (215,527) (344,406) (110,135) 168,075 168,075
57,940
Total funds brought
forward 2,466,899 276,662 2,743,561 2,577,031 108,590 108,590
2,685,621
Total funds carried
forward 2,338,020 61,135 2,399,155 2,466,899 276,662 276,662
2,743,561

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements.

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SALFORD FOUNDATION LIMITED Balance Sheet As at 31 March 2025 2025 2024 Note Flxed ossets Tanglble assers 16 702,464 753,092 Currant assets Debtors 17 318,749 1,734,672 163,408 2.330,438 Cash ar bank and in hand 2,053,421 2,493.846 Creditors.. Amounts folllng due wlthln one year 18 {356,7301 {503,3771 Net current ass8ts 1,696,691 1.990.469 Net a888ts 2,399.155 2,743,S61 Funds Resrricted incom8 funds Unresrrlcted income funds G8n8ral Deslgnoted 19 61,135 276,662 19 1,039,467 1,298,553 1,039,652 1.427,247 19 Net current ossets 2.338,020 2,466,899 Totol funds 2,399,155 2,743,561 These finoncial statements have been prepared in accordance with the special provision5 of Part 15 of the Companies Act 2006 reloting to charitable smoll companies. The flnanclal stotements were opproved by the Board of Trustees on 25 th September 2025 ond were signed on Its behalf by: M Morfleet Chair The nores form port of these financial stotements. Registered Company Number.. 02472369 Registered Charity Number.. 1002482 Page | 36

SALFORD FOUNDATION LIMITED

Cash Flow Statement

For the year ended 31 March 2025

Notes 2025 2024
£ £
Cash flows from operating activities:
Cash generated/(used) from operations 24 (659,059)
 (213,142)
Net cash provided by operating activities (659,059) (213,142)
Cash flows from investing activities:
Interest from investments 81,486 57,831
Purchase of property, plant, and equipment (18,193) (9,198)
Net cash used in investing activities 63,293 48,633
Change in cash and cash equivalents in the reporting period (595,766) (164,509)
Cash and cash equivalents at the beginning of the reporting
period 2,330,438 2,494,947
Cash and cash equivalents at the end of the reporting period 1,734,672 2,330,438

The notes form part of these financial statements.

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SALFORD FOUNDATION LIMITED

Notes to the Financial Statements For the year ended 31 March 2025

1. General information

Salford Foundation Limited is a company limited by guarantee, incorporated in England and Wales under the Companies Act 2006. Details of the registered office address can be found on page 9 and a description of its principal activities in the Trustees’ Report.

2. Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK (FRS 102) and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

Salford Foundation Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred. Grants are deferred to future periods only when this is specified or agreed by the funder or other preconditions of the fund are not yet met.

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity, and it is probable that those conditions will be fulfilled in the reporting period.

Investment income is recognised on a receivable basis.

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SALFORD FOUNDATION LIMITED

Notes to the Financial Statements For the year ended 31 March 2025

2. Accounting policies [Continued]

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Funds structure

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment loss. Depreciation is provided evenly on the cost of tangible fixed assets to write them down to their estimated residual values over their expected useful lives. Assets are capitalised if their cost is £1,000 or over.

The principal terms used are:

Freehold property - 50 years Freehold property improvements - 4 years

Leasehold property improvements - 2 years

Computers and office equipment - 2 to 8 years

Gains or losses arising on the disposal of tangible fixed assets are determined as the difference between the disposal proceeds and the carrying amount of the assets and are recognised as part of the surplus or deficit for the year.

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SALFORD FOUNDATION LIMITED

Notes to the Financial Statements [Continued] For the year ended 31 March 2025

2. Accounting policies [Continued]

Leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions to the charitable pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are initially measured at transaction price (including transaction costs). The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Trade and other debtors are recognised at the settlement amount due.

Cash at bank and cash in hand includes cash and short-term highly liquid investments with a maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and accruals are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

Taxation

The charity is exempt from corporation tax on its charitable activities.

3. Legal status of the charity

The charity is a private company limited by guarantee and consequently does not have share capital. Each of the members are liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

4. Judgements and key sources of estimation uncertainty

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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SALFORD FOUNDATION LIMITED

Notes to the Financial Statements [Continued]

For the year ended 31 March 2025

5. Donations
Unrestricted Restricted Total Funds Unrestricted Restricted Total Funds
Funds Funds 2025 Funds Funds 2024
£ £ £ £ £ £
Donations 58,438 - 58,438 26,339 - 26,339
6. Income from charitable activities Income from charitable activities
Unrestricted Restricted Total Funds Unrestricted Restricted Total Funds
Funds Funds 2025 Funds Funds 2024
£ £ £ £ £ £
Aspirations &
Opportunities 549,124 - 549,124 359,287 19,479 379,306
Targeted Youth
Support 458,906 393,149 852,055 468,351 382,124 850,475
Women’s Services 1,540,839 66,139 1,606,978 1,281,145 267,609 1,548,754
Targeted Adult
Support 263,678 120,000 383,678 251,099 161,000 412,099
2,812,547 579,288 3,391,835 2,360,422 830,212 3,190,634
7. Investment income
Unrestricted Restricted Total Funds Unrestricted Restricted Total Funds
Funds Funds 2025 Funds Funds 2024
£ £ £ £ £ £
Interest received 81,486 - 81,486 57,831 - 57,831
8. Other income
Unrestricted Restricted Total Funds Unrestricted Restricted Total Funds
Funds Funds 2025 Funds Funds 2024
£ £ £ £ £ £
Sundry income 32,177 - 32,177 24,424 50,000 70,424
9. Cost of raising funds Unrestricted Unrestricted
Funds Funds
2025 2024
£ £
Wages and salaries Wages and salaries 23,226 18,443
General management General management 851 2,560
24,077 21,003

Page | 41

SALFORD FOUNDATION LIMITED

Notes to the Financial Statements [Continued]

For the year ended 31 March 2025

10. Analysis of charitable expenditure - current year

Targeted Targeted Other
Allocation Aspirations & Youth Women’s Adult Charitable Total
Basis Opportunities Support Services Support Activities 2025
£ £ £ £ £ £
Staff costs Direct 327,351 662,653 514,198 286,960 46,946 1,838,108
Service
delivery
costs Direct 132,980 73,431 1,116,018 50,680 77,164 1,450,273
Support
costs Note 11 105,467 196,850 130,555 163,012 - 595,884
Total 565,798 932,934 1,760,771 500,652 124,110 3,884,265
Targeted Targeted Other
Allocation Aspirations & Youth Women’s Adult Charitable Total
Basis Opportunities Support Services Support Activities 2024
£ £ £ £ £ £
Staff costs Direct 283,514 553,148 425,995 220,188 54,718 1,537,563
Service
delivery costs Direct 27,577 77,038 993,308 50,074 59,612 1,207,609
Support costs Note 11 Support costs Note 11 103,636 201,528
 103,195
 112,754
 -

 521,113
Total 414,727 831,714 1,522,498 383,016 114,330 3,266,285

Expenditure on charitable activities was £3,884,265 (2024: £3,266,285) of which £3,089,450 was unrestricted (2024: £2,554,148) and £794,815 restricted (2024: £712,137).

Page | 42

SALFORD FOUNDATION LIMITED

Notes to the Financial Statements [Continued] For the year ended 31 March 2025

11. Analysis of governance and support costs - current year

The charity allocates its support costs as shown in the table below and then further apportions those costs between the charitable activities undertaken (see note 10). Expenditure is allocated to the particular activity where the cost relates directly to that activity. Certain expenditure is directly attributable to, and therefore allocated to, charitable activities. Other costs, which are attributable to more than one activity, are apportioned across cost categories. The basis of allocation reflects the staffing resources in that activity either by headcount or by time spent.

General Governance 2025
Support costs support costs Totals
£ £ £
Wages and salaries 334,226 - 334,226
Depreciation 6,930 - 6,930
Facilities, property and insurance costs 100,330 604 100,934
General management 45,785 12,900 58,685
IT and communications 60,507 - 60,507
Office costs 8,733 - 8,733
Other staff support costs 25,869 - 25,869
582,380 13,504 595,884
Analysis of governance and support costs - prior year
General Governance 2024
Support costs support costs Totals
£ £ £
Wages and salaries 294,875 - 294,875
Depreciation 5,767 - 5,767
Facilities, property, and insurance costs 94,749 686 95,435
General management 29,180 12,000 41,180
IT and communications 56,296 - 56,296
Office costs 8,310 - 8,310
Other staff support costs
 19,250
 -

 19,250
508,427 12,686 521,113
12. Net income/(expenditure) 2025 2024
£ £
Net income/(expenditure) is stated after charging/(crediting): Net income/(expenditure) is stated after charging/(crediting):
Auditors’ remuneration 10,200 9,500
Depreciation - owned assets 68,821 65,929

Page | 43

SALFORD FOUNDATION LIMITED

Notes to the Financial Statements [Continued] For the year ended 31 March 2025

13. Trustees’ remuneration and benefits

There were no trustees’ remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

14. Staff costs 2025 2024
£ £
Wages and salaries 1,921,932 1,633,635
Social security costs 164,753 135,313
Other pension costs 104,608
 81,093
2,191,293 1,850,041

The average monthly number of employees during the year was as follows:

2025 2024
No No
Charitable activities 72 65
Support staff 11
 10
83 75

The average full-time equivalent number of core permanent and support staff was 74 (2024: 66).

Included in wages and salaries is an amount of £8,172 (2024: £14,932) relating to redundancy costs. The amount of accrued redundancy costs at the balance sheet date was £888 (2024: £81).

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2025 2024
No No
£60,000 - £69,999 £60,000 - £69,999 1 1

The total amount of employee benefits received by the key management personnel was £329,768 (2024: £295,360).

Page | 44

SALFORD FOUNDATION LIMITED

Notes to the Financial Statements [Continued] For the year ended 31 March 2025

15. Transfers between Funds

Transfers totalling £Nil (2024: £3) were made from unrestricted funds to restricted funds to reflect minor overspends on projects. Further transfers of £Nil (2024: £125,000) were made from general unrestricted funds to designated unrestricted funds following board approval of the designation of funds.

16. Tangible fixed assets

16. Tangible fixed assets
Freehold Leasehold Office and
Freehold Property Property Computer
Property Improvements Improvements Equipment Total
£ £ £ £ £
Cost
At 1 April 2024 927,098 133,212 7,818 69,483 1,137,611
Additions - - - 18,193 18,193
Disposals -
 -
 -
 (5,700)
 (5,700)
At 31 March 2025 927,098 133,212 7,818
 81,976 1,150,104
Depreciation
At 1 April 2024 251,811 80,146 5,212 47,350 384,519
Charge for year 18,542 33,303 2,606 14,370 68,821
Disposals - - - (5,700) (5,700)
At 31 March 2025 270,353 113,449 7,818
 56,020 447,640
Net book value
At 31 March 2025 656,745 19,763 - 25,956 702,464
At 31 March 2024 675,287 53,066 2,606 22,133 753,092
17. Debtors: Amounts falling due within one year 2025 2024
£ £
Trade debtors 256,241 84,778
Accrued income 20,297 44,130
Prepayments 40,862 32,904
Other Debtors 1,349
 1,596
318,749 163,408

Page | 45

SALFORD FOUNDATION LIMITED

Notes to the Financial Statements [Continued]

For the year ended 31 March 2025

  1. Creditors: Amounts falling due within one year
Creditors: Amounts falling due within one year
Creditors: Amounts falling due within one year 2025 2024
£ £
Trade creditors 118,423 212,745
Other taxes & social security 48,187 44,606
Accruals 30,649 21,900
Deferred income 159,471
 224,126
356,730 503,377

Deferred income includes £159,471 (2024: £224,126) relating to funding received in advance on contracts.

2025 2024
£ £
Balance brought forward 224,126 467,647
Utilised in period (224,126) (467,647)
Added in period 159,471 224,126
159,471 224,126
19. Movement in funds - Current year At Net Transfers At
1 April movement between 31 March
2024 in funds funds 2025
£ £ £ £
Unrestricted funds
General fund 1,039,652 (185) - 1,039,467
Designated funds
Freehold Property 675,284 (18,542) - 656,742
Planned Maintenance 139,386 (15,507) - 123,879
Property Development Fund 225,000 - - 225,000
Beneficiary Emergency Response
Fund 23,418 (5,053) - 18,365
Strategy Fund 161,288 (35,619) - 125,669
Infrastructure & Restructure Costs 197,345 (48,447) - 148,899
GMIRS Beneficiary Fund 5,526
 (5,526)
 -
 -
Total designated funds 1,427,247 (128,694) 1,298,553
Total unrestricted funds 2,466,899 (128,879) - 2,338,020

Page | 46

SALFORD FOUNDATION LIMITED

Notes to the Financial Statements [Continued]

For the year ended 31 March 2024

19. Movement in funds - Current year[Continued]
At Net Transfers At
1 April movement between 31 March
2024 in funds funds 2025
Restricted Funds £ £ £ £
BUPA - Evolve 97 (61) - 36
BUPA – Leap 4,312 (4,312) - -
BUPA –Literacy Lookout 10,000 (10,000) - -
BUPA – Creative Health 5,686 (5,686) - -
Garfield Weston 50,000 (50,000) - -
GMCA - Capital 16,809 (7,044) - 9,765
Wellbeing Support Fund – Women - 7,891 - 7,891
Wellbeing Support Fund - Men - 10,000 - 10,000
JABBS Foundation - WRNA 93,027 (96,331) - (3,304)
Nationwide – Homeless Prevention 44,903 (19,903) - 25,000
RHS Community Gardening Project 1,636 (484) - 1,153
Salford CVS and The Albert Gubay
Charitable Foundation 14,389 (7,167) - 7,222
The Booth Charities - Pathways - 3,373 - 3,373
Youth Endowment Fund - Another Chance 35,803 (35,803) - -
Total restricted funds 276,662 (215,527) - 61,135
Total funds 2,743,561 (344,406) - 2,399,155
Net movement in funds, included in the above are as Incoming Resources Movement
follows: Resources Expended in funds
£ £ £
Unrestricted funds
General Fund 2,937,087 (2,937,272) (185)
Freehold Property - (18,542) (18,542)
Planned Maintenance 36,562 (52,069) (15,507)
Property Development Fund - - -
Beneficiary Emergency Response Fund - (5,053) (5,053)
Strategy Fund 9,999 (45,618) (35,619)
Infrastructure and Restructure Costs - (48,447) (48,447)
GMIRS Beneficiary Fund 1,000
 (6,526)
 (5,526)
Total Unrestricted Funds 2,984,648 (3,113,527) (128,879)

Page | 47

SALFORD FOUNDATION LIMITED

Notes to the Financial Statements [Continued]

For the year ended 31 March 2025

19. Movement in funds - Current year[Continued] Incoming Resources Movement
Resources Expended in funds
£ £ £
Restricted funds
BUPA – Evolve - (61) (61)
BUPA – Leap - (4,312) (4,312)
BUPA – Literacy Lookout - (10,000) (10,000)
BUPA – Creative Health 10,000 (15,686) (5,686)
Garfield Weston - (50,000) (50,000)
GMCA - Capital - (7,044) (7,044)
Wellbeing Support Fund – Women 7,891 - 7,891
Wellbeing Support Fund - Men 10,000 - 10,000
JABBS Foundation - WRNA 43,071 (139,402) (96,331)
Nationwide – Homeless Prevention - (19,903) (19,903)
RHS Community Gardening Project - (484) (484)
Salford CVS and The Albert Gubay Charitable
Foundation 100,000 (107,167) (7,167)
The Booth Charities - Leadership Academy 15,177 (11,804) 3,373
Youth Endowment Fund - Another Chance 393,149
 (428,952)
 (35,803)
Total restricted funds 579,288 (794,815) (215,527)
Total funds 3,563,936 (3,908,342) (344,406)

Page | 48

SALFORD FOUNDATION LIMITED

Notes to the Financial Statements [Continued]

For the year ended 31 March 2025

19. Movement in funds - Prior year At Net Transfers At
1 April movement between 31 March
2023 in funds funds 2024
£ £ £ £
Unrestricted funds
General fund 1,129,575 35,074 (124,997) 1,039,652
Designated funds
Freehold Property 693,826 (18,542) - 675,284
Planned Maintenance 170,053 (30,667) - 139,386
St Mary’s Redevelopment Fund 100,000 - 125,000 225,000
Beneficiary Emergency Response
Fund 29,119 (5,701) - 23,418
Strategy Fund 197,693 (36,405) - 161,288
Infrastructure and Restructure
Costs 256,765 (59,420) - 197,345
GMIRS Beneficiary Fund -
 5,526
 -
 5,526
Total designated funds 1,447,456 (145,209) 125,000 1,427,247
Total unrestricted funds 2,577,031 (110,135) - 2,466,899

Page | 49

SALFORD FOUNDATION LIMITED

Notes to the Financial Statements [Continued]

For the year ended 31 March 2025

19. Movement in funds - Prior year[Continued] At Net Transfers At
1 April movement between 31 March
2023 in funds funds 2024
Restricted funds £ £ £ £
BUPA - Evolve 562 (466) 1 97
BUPA – Positive Pathways 9,500 (9,500) - -
BUPA – Leap - 4,312 - 4,312
BUPA – Literacy Lookout - 10,000 - 10,000
BUPA – Creative Health - 5,686 - 5,686
Co-op Foundation – Leap 33,378 (33,374) (4) -
Garfield Weston - 50,000 - 50,000
GMCA – Capital 23,852 (7,043) - 16,809
JABBS Foundation – WRNA - 93,027 - 93,027
Nationwide – Homeless Prevention - 44,903 - 44,903
RHS Community Gardening Project 1,193 443 - 1,636
Salford CVS and The Albert Gubay
Charitable Foundation 16,025 (1,636) - 14,389
The Booth Charities – Leadership Academy 46 (46) - -
Youth Endowment Fund – Another Chance 24,034 11,769 - 35,803
Total restricted funds 108,590 168,075 (3) 276,662
Total funds 2,685,621 57,940 - 2,743,561
Net movement in funds, included in the above are as Incoming Resources Movement
follows: Resources Expended in funds
£ £ £
Unrestricted funds
General Fund 2,452,516 (2,417,442) 35,074
Freehold Property - (18,542) (18,542)
Planned Maintenance - (30,667) (30,667)
St Mary’s Redevelopment Fund - - -
Beneficiary Emergency Response Fund - (5,701) (5,701)
Strategy Fund 2,500 (38,905) (36,405)
Infrastructure and Restructure Costs - (59,420) (59,420)
GMIRS Beneficiary Fund 10,000 (4,474) 5,526
Total Unrestricted Funds 2,465,016 (2,575,151) (110,135)

Page | 50

SALFORD FOUNDATION LIMITED

Notes to the Financial Statements [Continued]

For the year ended 31 March 2025

19. Movement in funds - Prior year[Continued] Incoming Resources Movement
Resources Expended in funds
£ £ £
Restricted funds
BUPA – Evolve - (466) (466)
BUPA – Positive Pathways - (9,500) (9,500)
BUPA - Leap 9,479 (5,167) 4,312
BUPA – Literacy Lookout 10,000 - 10,000
BUPA – Creative Health 10,000 (4,314) 5,686
Co-op Foundation – Leap - (33,374) (33,374)
Garfield Weston 50,000 - 50,000
GMCA – Capital - (7,043) (7,043)
JABBS Foundation – WRNA 167,609 (74,582) 93,027
Lottery – Indigo 100,000 (100,000) -
Nationwide – Homeless Prevention 50,000 (5,097) 44,903
RHS Community Gardening Project 1,000 (557) 443
Salford CVS and The Albert Gubay Foundation 100,000 (101,636) (1,636)
The Booth Charities – Leadership Academy - (46) (46)
Youth Endowment Fund – Another Chance 382,124
 (370,355)
 11,769
Total restricted funds 880,212 (712,137) 168,075
Total funds 3,345,228 (3,287,288) 57,940

Designated funds:

Freehold property: Amount invested by the charity in freehold property.

Planned maintenance: Amount set aside to carry out maintenance and renewals at Foundation House.

Property Development Fund: A 12 month fund established in 2025 to allow a review of physical resource, assets and premises required to best deliver services in the medium term.

Beneficiary Emergency Response Fund: a three-year fund established in 2022 for the purpose of offering support to Salford Foundation services users by offering an immediate financial intervention to address an urgent issue and to offer summer breaks and respite to family groups.

Strategy Fund: a fund established in 2022 for an estimated two-year period to provide specific bridge and match funding for services where limited external funding can be secured.

Infrastructure Projects Fund/Restructure Costs: a two year fund established in 2022 to support anticipated infrastructure development projects (including volunteer management, digital developments and marketing projects), along with a staffing restructure and pay and grading review.

GMIRS Beneficiary Fund: a fund established in 2024 for the purpose of offering support to improve the personal wellbeing of male offenders.

Page | 51

SALFORD FOUNDATION LIMITED

Notes to the Financial Statements [Continued] For the year ended 31 March 2025

19. Movement in funds [Continued]

Restricted funds:

Restricted funds are grants and contracts received for specific projects.

BUPA - Evolve: A project part funded by the BUPA UK Foundation as part of their Mid-life Mental Health funding programme. The project provides mental well-being and recovery support to women who are experiencing problems due to changes in their personal and family life.

BUPA – LEAP: a transition project, funded by the BUPA foundation, for Year 6 primary school pupils delivered by peer mentors in Year 8. It addresses the challenges and fears Year 6’s face when moving to high school.

BUPA – Literacy Lookout: A project funded by the BUPA Foundation, to deliver a social action education project over a 6-month period involving 8 schools to introduce young people to recycling in their environment.

BUPA – Creative Health: Funding from the BUPA Foundation, towards funding The Creative Health project, developing environmental awareness and increased access to future opportunities within the Green Economy.

Garfield Weston: A grant from the Garfield Weston Foundation, funding organisational core costs, particularly in respect of sustaining and developing our Targeted Adult Services.

GMCA Capital: Funding from Greater Manchester Combined Authority (GMCA) as part of the HMPPS funding to support Reducing Women’s Reoffending and Greater Manchester Integrated Rehabilitation Service. This funding is specifically to provide auxiliary equipment that will enhance the service delivery offer to a person on probation.

Greater Manchester Probation Services – Wellbeing Support Fund: Funding to help people on probation attending the Wellbeing Service/Women’s Centre by supporting individuals to address specific issues and obstacles that may impact on their positive outcomes.

JABBS Foundation – Women’s Risk Needs Assessment (WRNA) and Gendered Wellbeing Assessment (GWA): A research project, funded by The JABBS Foundation, appraising the support Women’s Centres provide to criminal justice involved women. Using an extended risk and needs assessment the Research Group will seek to further the case for Women’s Centres as a viable alternative to custody for women. In doing so, it will offer the opportunity for selected partner Women’s Centres to reflect on ‘what works’ in terms of their own casework practice and current interventions to inform the effective delivery of Centre services.

Lottery - Indigo (Freedom Academy): A project funded by the National Lottery Community Fund to provide support for women in Salford, Greater Manchester who have experienced domestic violence and/or abuse.

Nationwide – Homeless Prevention: A project, funded by the Nationwide Community Grants programme, to prevent vulnerable and socially isolated men from losing their homes and support them to thrive within their home environment and gain sustainable life skills.

RHS Community Gardening Project: Funded by the RHS for gardening projects for the women’s outdoor space, The Shed outdoor space and the internal space.

Page | 52

SALFORD FOUNDATION LIMITED

Notes to the Financial Statements [Continued] For the year ended 31 March 2025

19. Movement in funds [Continued]

Salford CVS and The Albert Gubay Charitable Foundation - Pathways to Employment: Funded by Salford CVS and The Albert Gubay Charitable Foundation, supports those furthest from the job market towards gaining training, skills, volunteering, work experience and employment.

The Booth Charities – Pathways: A support service to improve the health, wellbeing, safety and employability of women aged 18+ in Salford.

Youth Endowment Fund - Another Chance: A programme to support young people aged 10-13 at risk of youth violence and school exclusion.

20.

Analysis of net assets between funds - General Designated Restricted Total
current year Fund Funds Funds 2025
£ £ £ £
Tangible fixed assets 5,706 686,993 9,765 702,464
Cash at bank and in hand 1,071,742 611,560 51,370 1,734,672
Other net current (liabilities) / assets (37,981)
 -
 -
 (37,981)
1,039,467 1,298,553 61,135 2,399,155
Analysis of net assets between funds - General Designated Restricted Total
prior year Fund Funds Funds 2024
£ £ £ £
Tangible fixed assets 60,999 675,284 16,809 753,092
Cash at bank and in hand 1,318,619 751,963 259,856 2,330,438
Other net current (liabilities) / assets (339,969) - - (339,969)
1,039,649 1,427,247 276,665 2,743,561

21. Ultimate controlling party

The charitable company is under the control of the Trustees who are also the members of the company.

22. Pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the charity to the scheme and amounted to £104,608 (2024: £81,093).

There were no outstanding or prepaid contributions at either the beginning or end of the financial year.

Page | 53

SALFORD FOUNDATION LIMITED

Notes to the Financial Statements [Continued] For the year ended 31 March 2025

23. Related party transactions

Salford Foundation are a founding member of The Greater Women’s Support Alliance (GMWSA), a charity established to relieve the needs of females in Greater Manchester though the provision of services and support to females with multiple and complex needs, with a view to the preservation and protection of the wellbeing of such females and the preservation of public order. Salford Foundation can appoint one trustee to the board of GMWSA and during the financial year to 31 March 2025, the Salford Foundation Board and GMWSA had one Trustee in common, K Potier de la Morandiere. Income of £109,023 (2024 - £89,032) was received in the year from the GMWSA. The Trustee had no involvement in the transactions, being excluded from negotiations with GMWSA.

On 3 February 2025, Trustee M Caslake was appointed Interim Chief Executive of Salford City Council. During the period since appointment, services were provided with a value of £208,250 to Salford City Council by Salford Foundation, and expenditure incurred of £58. The income and expenditure was at arm’s length arrangements under continuing contracts. The Trustee had no involvement in the transactions.

On 26 September 2024, A Hassall was appointed a Trustee of Salford Foundation. A Hassall is the Chief Executive of Pennine Care NHS Foundation Trust. Since appointment, expenditure has been incurred of £6,515 in relation to contracted services already in place, at arm’s length arrangements, between the two organisations. The Trustee had no involvement in the transactions.

24. Reconciliation of net income to net cash flow from operating
activities 2025 2024
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) (344,407) 57,940
Adjustments for:
Depreciation charges 68,821 65,929
Interest from investments (81,486) (57,831)
(Increase) / Decrease in debtors (155,340) (7,303)
Increase / (Decrease) in creditors (146,647)
 (271,877)
Net cash provided by operating activities (659,059) (213,142)

Page | 54

SALFORD FOUNDATION LIMITED

Notes to the Financial Statements [Continued] For the year ended 31 March 2025

24. Reconciliation of net income to net cash flow from operating activities ( Reconciliation of net income to net cash flow from operating activities ( continued)
Analysis of changes in net funds - current year At At
1 April 31 March
2024 Cash Flow 2025
£ £ £
Net cash
Cash at bank and in hand 2,330,438 (595,766) 1,734,672
At At
Analysis of changes in net funds - prior 1 April 31 March
year 2023 Cash Flow 2024
£ £ £
2,494,947 (164,509) 2,330,438

Page | 55

Our Funders

Registered Charity Number 1002482 www.salfordfoundation.org.uk

Page | 56

salford_foundation Salford Foundation ~~QQ OQ~~ salfordfoundation.bsky.social ~~—~~ Salford Foundation ~~ea©~~ SalfordFDN ~~Q~~

Stay updated, . keep in touch

©) Foundation House3 Jo Street, Salford & M5 4BD ~~a~~ enquiries@salfordfoundation.org.uk www.salfordfoundation. .uk org @ Registered Charity Number 1002482 www.salfordfoundation.org.uk

0161 787 8500

Page | 57