REGISTERED COMPANY NUMBER: 04015816 (England and Wales) REGISTERED CHARITY NUMBER: 1088044
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
SALFORD UNEMPLOYED & COMMUNITY RESOURCE CENTRE LTD
Wyatt Morris Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
SALFORD UNEMPLOYED & COMMUNITY RESOURCE CENTRE LTD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 12 |
SALFORD UNEMPLOYED & COMMUNITY RESOURCE CENTRE LTD
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES Mr E C Garner Councillor W Hinds Mr G R J Phillips Ms M Smith (resigned 1.8.24) Councillor J Walsh Mr J Youd S Green C A Laidlaw (appointed 23.10.23) C D Neville (appointed 23.10.23) COMPANY SECRETARY Mr J Youd REGISTERED OFFICE 84-86 Liverpool Road Eccles Manchester M30 0WZ
REGISTERED COMPANY NUMBER 04015816 (England and Wales) REGISTERED CHARITY NUMBER 1088044 INDEPENDENT EXAMINER Wyatt Morris Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
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SALFORD UNEMPLOYED & COMMUNITY RESOURCE CENTRE LTD (REGISTERED NUMBER: 04015816)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
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 2024. 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
Objectives and aims
Salford Unemployed & Community Resource Centre Ltd is established for the relief of poverty as a result of unemployment or other social or economic circumstances among the inhabitants of Salford and the surrounding areas by the provision of advice, information, advocacy and, when necessary, legal representation.
Significant activities
Significant Activities
The following organisations made significant financial contributions during the financial year for which the trustees are extremely grateful. This financial support facilitates the staff and volunteers to provide support services for the most vulnerable people in Salford by tackling inequality and unfairness. This funding has allowed the work and activities of the centre to both continue and develop further.
Funding organisations included: Salford City Council Salford CVS Salford OFFA UNITE Branches
Listed below are the projects carried out in the year to 31 March 2024. These will be reported in greater detail in a separate report which will be presented at the AGM. The cost of living crisis has led to an increase in demand for our services.
- Welfare Benefits, social care, anti - poverty, social security and disability work.
Our Welfare Rights Officer continues to be funded by a number of funders. Quality publicity materials have ensured that a high level of local vulnerable clients continue to use our free benefit advice service. This service includes disability advice and representation. This level of quality service is at the core of all work undertaken by Salford Unemployed Community Resource Centre (SUCRC ) it ensures that the benefits our clients are entitled to are received.
We have maintained an excellent relationship with the communities across the whole of Salford. In the past 12 months we have again replaced, recruited and trained welfare rights volunteers and further extended our disability advice and representation
2. Employment Law
The Employment Law Officer continues to advise and represent clients in dispute with their employer. During the year the Employment Law Officer advised and represented clients in the following areas of employment law: unfair dismissal, redundancy, discrimination, breach of contract and unlawful deduction from wages. The employment law Officer also helped clients who had started their cases before attending the centre, to prepare their cases for the employment Tribunal.
3. Debt
The Debt and Employment Law Adviser continues to advise clients in dispute with their employer, and to provide advice and support on debts matters. He advises on the different debt solutions that may be available to the client and an explanation of the way that various types of debt solutions work, and the actions creditors can take if a client falls behind with payments, and also safeguards to protect clients from unfair lending or debt collection practices. and negotiate with clients creditors.
The current cost of living crisis has led to a reduction in the available funding, but an increase in demand for our services and an increase in the cost of providing the services. We have been successful in the last 12 months in obtaining one off grants to support running costs and the salaries of employees. Our mid to long term strategy is to apply for funding from those.
Public benefit
We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aims, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
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SALFORD UNEMPLOYED & COMMUNITY RESOURCE CENTRE LTD (REGISTERED NUMBER: 04015816)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Financial position
The results for the year are set out on pages 5 to 12 of the financial statements.
The balance of unrestricted funds at 31 March 2024 was £26,959, and the charity's free reserves were £23,146.
Reserves policy
To manage financial risks it is a policy of the charity to maintain unrestricted funds which are free reserves of the charity at a level which equate to approximately 3 - 6 months unrestricted expenditure. This provides enough funds to cover management, administration and support costs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association. Each member's liability is limited to £10 per guarantor. The membership comprises all the current trustees.
Recruitment and appointment of new trustees
The trustees are appointed according to the Articles of Association.
Organisational structure
The trustees are responsible for the strategic management and direction of the organisation. The day to day management is delegated to the co-ordinator. Each year the Board meets for two strategy, six business meetings and once for governance training.
Key management remuneration
There are two key management personnel who were paid a total of £39,935 (2023 - £38,718).
Related parties
One of the trustees, Mr J Youd, was elected a councillor for Salford City Council. The charity received a grant from Salford City Council during the year . Bill Hinds and John Walsh are also councillors
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The major risks, to which the charity is exposed, as identified by the trustees, have been reviewed and systems have been established to mitigate those risks.
These include:-
-
Regular review of the risks the charity may face;
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The establishment of systems and procedures to mitigate those risks identified in the plan;
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The implementation of the procedures designed to minimise any potential impact on the charity should those risks materialise.
Approved by order of the board of trustees on 24 September 2024 and signed on its behalf by:
Mr J Youd - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SALFORD UNEMPLOYED & COMMUNITY RESOURCE CENTRE LTD
Independent examiner's report to the trustees of Salford Unemployed & Community Resource Centre Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Patricia A Richards FCA DChA
Wyatt Morris Golland Ltd Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
24 September 2024
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SALFORD UNEMPLOYED & COMMUNITY RESOURCE CENTRE LTD
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| 2024 Unrestricted Restricted Total fund funds funds Notes £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 78,651 3,708 82,359 EXPENDITURE ON Charitable activities 3 Provision of advice and Information 90,801 8,865 99,666 NET INCOME/(EXPENDITURE) (12,150) (5,157) (17,307) RECONCILIATION OF FUNDS Total funds brought forward 39,109 7,629 46,738 TOTAL FUNDS CARRIED FORWARD 26,959 2,472 29,431 |
2023 Total funds £ 108,565 |
|---|---|
| 105,719 | |
| 2,846 43,892 |
|
| 46,738 |
The notes form part of these financial statements
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SALFORD UNEMPLOYED & COMMUNITY RESOURCE CENTRE LTD (REGISTERED NUMBER: 04015816)
BALANCE SHEET 31 MARCH 2024
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 10 3,813 2,472 CURRENT ASSETS Debtors 11 17,661 - Cash at bank and in hand 12,824 - 30,485 - CREDITORS Amounts falling due within one year 12 (7,339) - NET CURRENT ASSETS 23,146 - TOTAL ASSETS LESS CURRENT LIABILITIES 26,959 2,472 NET ASSETS 26,959 2,472 FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
2024 Total funds £ 6,285 17,661 12,824 30,485 (7,339) 23,146 29,431 29,431 26,959 2,472 29,431 |
2023 Total funds £ 4,486 1,313 46,061 47,374 (5,122) 42,252 46,738 46,738 39,109 7,629 46,738 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 24 September 2024 and were signed on its behalf by:
Mr J Youd - Trustee
S Green - Trustee
The notes form part of these financial statements
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SALFORD UNEMPLOYED & COMMUNITY RESOURCE CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared on a going concern basis. The Trustees are aware of the need to ensure that adequate funding is received before any expenditure is committed.
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.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance Fixtures, fittings, and equipment - 15% reducing balance and 33.33% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. DONATIONS AND LEGACIES
| Donations Grants Service Income |
2024 £ 2,951 78,708 700 82,359 |
2023 £ 1,203 105,849 1,513 |
|---|---|---|
| 108,565 |
continued...
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SALFORD UNEMPLOYED & COMMUNITY RESOURCE CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
2. DONATIONS AND LEGACIES - continued
Grants received, included in the above, are as follows:
| Salford City Council Booth Charities Salford CVS Workers Education Salford Community Department of Work & Pensions Alex Ferry Foundation Community Justice Fund Coalfields Regeneration Grant Manchester Alliance for Community Care - Cost of living 3. CHARITABLE ACTIVITIES COSTS Direct Costs (see note 4) £ Provision of advice and Information 94,655 4. DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Travel Insurance Light and heat Telephone Postage and stationery Educational and promotional materials Sundries Repairs and renewals Bank charges Rent and rates Subscriptions Office supplies and equipment Training and trainer Consultant tutor Payments to Breakfast Club Employment law advisor Depreciation |
2024 £ 65,000 - 3,708 - 10,000 - - - - - 78,708 Support costs (see note 5) £ 5,011 2024 £ 64,951 815 1,639 7,528 3,378 247 781 1,247 800 102 626 601 1,981 50 - - 8,000 1,909 94,655 |
2023 £ 48,750 10,584 - 14,844 - 2,566 9,950 12,196 1,959 5,000 |
2023 £ 48,750 10,584 - 14,844 - 2,566 9,950 12,196 1,959 5,000 |
|---|---|---|---|
| 105,849 | |||
| Totals £ 99,666 |
|||
| 2023 £ 68,907 1,492 1,536 1,999 3,038 224 883 1,508 1,446 113 566 909 2,393 417 14,576 150 - 792 |
|||
| 100,949 |
continued...
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SALFORD UNEMPLOYED & COMMUNITY RESOURCE CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
5. SUPPORT COSTS
6.
| SUPPORT COSTS | ||
|---|---|---|
| Governance | ||
| costs | ||
| £ | ||
| Provision of advice and Information | 5,011 | |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 2024 | 2023 | |
| £ | £ | |
| Depreciation - owned assets | 1,909 | 792 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
| Trustees' expenses Trustees' expenses STAFF COSTS The average monthly number of employees during the year was as follows: Management & administration No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 68,662 EXPENDITURE ON Charitable activities Provision of advice and Information 65,982 NET INCOME 2,680 RECONCILIATION OF FUNDS Total funds brought forward 36,429 TOTAL FUNDS CARRIED FORWARD 39,109 |
2024 £ 270 2024 3 Restricted funds £ 39,903 39,737 166 7,463 7,629 |
2023 £ 360 2023 3 Total funds £ 108,565 105,719 2,846 43,892 46,738 |
|---|---|---|
8. STAFF COSTS
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
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SALFORD UNEMPLOYED & COMMUNITY RESOURCE CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
10. TANGIBLE FIXED ASSETS
| 10. TANGIBLE FIXED ASSETS |
||
|---|---|---|
| Fixtures, fittings, Plant and and machinery equipment Totals £ £ £ COST At 1 April 2023 6,425 34,811 41,236 Additions - 3,708 3,708 At 31 March 2024 6,425 38,519 44,944 DEPRECIATION At 1 April 2023 6,107 30,643 36,750 Charge for year 48 1,861 1,909 At 31 March 2024 6,155 32,504 38,659 NET BOOK VALUE At 31 March 2024 270 6,015 6,285 At 31 March 2023 318 4,168 4,486 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 £ £ Prepayments 17,661 1,313 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 £ £ Social security and other taxes 1,505 - Accruals and deferred income 5,834 5,122 7,339 5,122 13. MOVEMENT IN FUNDS Net movement At At 1.4.23 in funds 31.3.24 £ £ £ Unrestricted funds General fund 39,109 (12,150) 26,959 Restricted funds Alex Ferry Foundation 7,629 (7,629) - CVS grant for Stair lfit - 2,472 2,472 7,629 (5,157) 2,472 TOTAL FUNDS 46,738 (17,307) 29,431 |
Totals £ 41,236 3,708 |
|
| 44,944 | ||
| 36,750 1,909 |
||
| 38,659 | ||
| 6,285 | ||
| 4,486 | ||
| 2023 £ 1,313 |
||
| 2023 £ - 5,122 |
||
| 5,122 | ||
| 2,472 | ||
| 29,431 |
continued...
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SALFORD UNEMPLOYED & COMMUNITY RESOURCE CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Alex Ferry Foundation CVS grant for Stair lfit TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Alex Ferry Foundation TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Workers Education Association DWP Resource Management Alex Ferry Foundation Booths Centre Coalfields Regeneration Grant TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 78,651 (90,801) (12,150) - (7,629) (7,629) 3,708 (1,236) 2,472 3,708 (8,865) (5,157) 82,359 (99,666) (17,307) Net movement At At 1.4.22 in funds 31.3.23 £ £ £ 36,429 2,680 39,109 7,463 166 7,629 43,892 2,846 46,738 Incoming Resources Movement resources expended in funds £ £ £ 68,662 (65,982) 2,680 14,844 (14,844) - 2,566 (2,566) - 9,950 (9,784) 166 10,584 (10,584) - 1,959 (1,959) - 39,903 (39,737) 166 108,565 (105,719) 2,846 |
|---|---|
Details of the Restricted funds
-
Workers Education Association (WEA)- Bringing high quality education into the heart of Salford communities
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DWP Resource Management - Grant for Training
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Alex Ferry Foundation - Grant towards debt advice
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Booths Centre - Towards salary and associated costs of Welfare Rights Appeals Officer
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Coalfields Regeneration - Towards the costs of a debt advisor
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Salford CVS grant for installation of stair lifts
continued...
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SALFORD UNEMPLOYED & COMMUNITY RESOURCE CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023 apart from those detailed in the Trustees Report and the note relating to trustees expenses.
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