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2022-03-31-accounts

brou trus hton Company number: 3900840 Charity Number: 1089038 The Broughton Trust Annual report and financial statements For the year ended 31st March 2022

The Broughton Trust Reference and administrative information for the year ended 315t March 2022 Company number 3900840 Charlty number 1089038 Registered office and operational address Humphrey Booth Centre, Heath Avenue, Salford, M7 INY Management Committee Management Committ*, who are also dirertors under company law, who served during the year and up to the date of this report were as follows.. Amanda Bickerton Resident - Chair Carole Sumner Resident - VI￿ Chair Ann Marie Pickup Michael Smith Resident Resident Rosemary Wedge Craig Stone Tara Logan Charlotte Mullen Resident Great Places Housing Group Irwell Valley Housing Association replaced Janice Thompson Onward Homes 24.2.22 Salix Homes Jackie Crook Ruth Potts University of Salford Starcliff Limited Bob Chorley Roger Baldry Resident 7.10.2021 Company Secretary Diane Crowcroft Key management personnel Mike Thorpe, Chief Offfi￿r Diane Crowcroft, Deputy Chief Officer, HR and Finance. Bankers Co-operative Bank plc PO Box 250, Skelmersdale Lancashire, WN8 6WT Independent Catherine Hall FCCA DChA, Slade & Cooper ￿Mited examiner Beehive Mill, Jersey St, Ancoats, Manchester, M4 6JG

The Broughton Trust Management committee's annual report for the year ended 315t March 2022 The nanègement comrnittee present their report and the unaudited financial statements for the year ended 31st March 2022. Included within the management committee, report is the directors, report as required by company law. Reference and administrative information set out on page I fomis part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Prartice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102. Objectives and activities All projetts are presented to the Board for discussion and to ensure that they are consistent with the Charities Objectives and the Charity Commissions guidance on public benefit. In planning the Trusts artivities for the year senior management team work to the Charity Commissions guidance on public benefit. The work and projects of the Trust are delivered to pmmote and support clause 3 of the Trusts Memorandums and Articles- Clause 3, Memorandums and Articles. (December 1999) (a)The relief of poverty in such ways as may be thought fit; (b)The relief of unemployment; (c) The advancement of education, training, or retraining, particularly among unemployed people and providing work experience for the unemployed; (d)The technical assistance, business advice or consultancy in order to provide training and employment opportunities for unemployed people in cases of financial or other charitable need through help in setting up their own business or to existing businesses,. ( e )The creation of training and employment opportunities by the provision of workspace, buildings andlor land for use on favourable terms. (f )To facilitate the improvement of housing in the public sector or in charitable ownership provided that such power shall not extend to relieving any local authorities or other bodies of statutory duty to provide or improve housing; (g)The provision of facilities for recreational facilities for the public at large or those who by reason of their youth, age, infirmity or disablement, poverty or social or economic circumstances have need of such facilities; ( h ￿he provision of childcare; (i)The promotion of public safety and prevention of crime; and such other means as may from time to time be determined subject to the prior consent of the Charity Commission. Shorter term objectives are to survive in a hostile funding environment that COn￿ntrate5 our minds to be value for money and applying for small pots of money to tide us through. Medium Term are to consolidate all projects into a holistic programme to bring added value to each individual project through a root and branch approach to issues. During the financial year 21122 the Trust had no volunteers working as a result of COVID The trustees review the aims, objertives and artivities of the charity each year. This report looks at what the charity has achieved and the outcomes of its wod< in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.

The Broughton Trust Management committee's annual report for the year ended 315t March 2022 The trustees have referred to the guidance contsined in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objertives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set. Achievements and performance The charity's main attivities and its beneficiary base are described in its "Objects and activities, above. All its charitable activities focus on public benefit and are undertaken to further Frs102 company charity's charitable purposes for the public benefit. All its charitable artivities focus on Community Education, Youth Development and Employment Opportunities. All three areas have performed well against a back drop of recovering from the COVID 19 Pandemic, reduced fundi ng and increased demand, set against uncertain funding. All the Trust's projetts are measured against funder's requirements for the most part all outcomes were met for the year 2021122. Achievements: l. Projects delivered against the required outcomes, although some fell short of planned targets due to Government social restrictions and public uncertainty. 2. Maintained the employment support programme from within the Trust own resources. 3. The senior management team all responded positively to the pressures of the Pandemic and its aftermath. 4. Delivered over 200 CSCS cards throughout the Pandemic. Maintained a blended learning model combining e-leaming and traditional delivery, using 40 community laptops. The charity's main artivities and its beneficiary base are described below. All its charitable attivities focus on public benefit and are undertaken to further Frs102 company charity's charitable purposes for the public benefit. The Trust has made tangible and measurable improvements to the general wellbeing of our communities. There is no foreseeable end to the financial and social hardships that our Communities are enduring compounded reduced public expenditure and increased demands on funding streams. It is an inescapable fact that the Pandemic has had a massive negative impart on our communities in the short and medium tenn and this is I believe a state of affairs that will continue for the foreseeable future. l expect there to be an increase in demand for the Trust's services The Trust'5 Staff have with their usual can-do attitude risen once again to meet these challenges head-on. However, as I stated last year "without re-focusing and creating new resources, I do not believe this to be a sustainable situation in the long term-. It is my absolute belief that this coming year will be our most difficult in relation to funding our learning provision due to lack of sufficient funding from the Skills Funding Agency and this may see the ending of this provision from within the Trust after 23 years.

The Broughton Trust Management committee's annual report for the year ended 315t March 2022 I would like to extend my thanks and those of the rest of the board members to all the stsff at the Trust for their continued commitment to the Trust and the Communities they seNe. Amanda Bickerton, Chair (1310412022) Beneficiaries of our services: The vast majority of our residents/beneficiaries/clients are from the most deprived areas of our City and are for the rnost part both financially and in aspirational terms poor. They make up what Is usually considered to be the'hard to reach- of our communitie5. We provide support ft)r many abandoned individuals lacking funds and technical skills to access online leaming. We tackle the challenges created for our beneficiaries as a direct result of absen￿ of leaming opportunities and social interaction, staying at home in isolation. We nurture a learning environment that reassures and keeps safe all our beneficiaries in an attempt to create equality in opwrtunities. All of which has become increasingly more difficult during the years 20121, 21122. It is our ain that Learners/beneficiarieslresidents will be supported all the way through their return to learning. Support will not only focus on academic recovery but also address personal growth. This will be echoed in the feedback process as each individuals, views, reflections and progression will be recorded as part of the measuring process (Suc￿ssIf311Ure) and infomi future development of programmes. Financial review As you can see from the Financial Statement Trust income decreased on the previous year. However, there is still a lot of uncertainty within the third sertor around long term funding and where the third sector sits as a provider arm. This position has been compounded by the pandemic and many uncoordinated and knee jerk reartions to dealing with it in a sustainable coherent manner, via funders. There is Still concern as to how the Greater Manchester Combined Authority are going to engage meaningfully with the third sector and fund via it. On a more positive note, the Trust has weathered 2021122 relatively well and has managed to hold onto its staff and maintain its offers. Reserves policy: It is the Trust's stated policy to have at least 3 months running costs. This includes any potential redundancy payments (circa £50K). The un-restricted reserves as at 31st March 2022 are £130,398, of this amount fixed assets are £68,996. Like many small/medium charities the Trust finds grant funding a cyclical challenge. The next year will be more challenging. We believe as a board that the management of the Trust are up to that challenge and will navigate the organisation through another testing year.

The Broughton Trust Management committee's annual report for the year ended 315t March 2022 Plans for the future: I have no doubt the organisation's staff vlill meet the challenges with the can-do attitude referred to by our Chair. The Trust has seen again an increase in éemand for its services and for the most part met them. The uncertainty around long term funding is still a major concem. If the Trust is to get back into a growth position then it must attrart either new funding streams, look to increasing its offer in other areas of delivery and find funding to develop a business ami to create income to cover the redurtions in funding that we have experienced the last 314 years. Options being reviewed are, joining the Greater Manchester Corvbined Authorities AEB framework. looking to be Ofsted registered and becoming a registered social landlord. And moving into direttly commissioned work with some of the larger contract holders IV Thorpe Chief oificer A*gMs121122 Structurei governance and management: The organisation is a charitable company limited by guarantee, incorporated 7th September 2001. The company was established under a memorandum of association which established the objects and powers of the charitable company and is govemed under its articles of association. Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The Management Committee are members of the charity but this entitles them only to voting rights. The Management Committee have no beneficial interest in the charity. All Management Committee members give their time voluntarily and re￿1ve no benefits from the charity. Any expenses reclaimed from the charity are set out in note 10 of the accounts. Trustee Selection Methods.. Members of the Trust elect the Management Committee at the AGM. There are 2 parts to the committee: places for 8 members resident in the area, and places for 7 member organisations operating in the area of benefit. Where an organisation is elected they appoir)t a named individual as the trustee. Committee members may be elected for up to 2 years, and then may stand for re-elertion. The offficers are elected annually from the Committee. Indurtion and Training of Trustees: New trustees are given information al)out the duties and responsibilities of trustees and directors, Objectives and work of the Trust, its procedures and strurtures. Trustees have accessed training offered through local providers. Organisational Structure: The committee meets 4 times each year, and is the decision-making body for the Trust. There are currently 4 sub-committees appointed by the Management Cornmittee which consider issues in depth and make recommendations to the Committee for decision. The first two subcommittees below (Finance and Strategy and Staffing) also meet 4 times a year. The other two (Governance and funding/sustainability) meet as and when required. Breakdown of sub committees below: Finance and strategy sub-committee.. the remit of this group is to: (a) Monitor accounts and approve budgets. (b) Approve spending within limits stated in the financial policy. (c) Award

The Broughton Trust Management committee's annual report for the year ended 315t March 2022 contracts, appoint consultsnts, approve list of suppliers, considerlagree of leases. Funding proposals. (d) Monitor reports to funders. Consider all proposals for development that will affert or influence the running of The Broughton Trust & its projects; make recommendations to the Board. (e) Initiate strategy for the organisation, covering finance and development. staffing sub-committee: the remit of this group is to (a) Monitor the Trust's employment policies and Procedure (b) Approve Job specifications for new posts & review job specifications for existing posts, {c} Review and consider the implications of changes in employment legislation and make recommendations to the Board on a necessary action, (d) Monitor the health & safety policies and procedures. To be the first point of contatt for a disciplinary & grievance matter. To be involved in & oversee the recruitment & selection of staff. To initiate employment policies & procedures as appropriate. Fund ing/Susta ina bil ity.. the remit is to co-ordinate fijnding bids across the organisation,. using the skills that exist within the Board and the project teams, source funding from as wide a funding source a Governance Sub-group: the remit of this group is to ensure that all Govemance Policies, documentation are all up to date and available for view and includes. That a review mechanism is in place and the board is updated at regular intervals on any changes to any policies that may be needed by the organisation or required by legislation. Management structure: Chief Officer - Mike Thorpe Deputy Chief Officer, HR and Financelcompany Secretary- Dlane Crowcroft Learning Manager - Marie Carroll Youth Manager (Development) - Graham Cooper Youth Manager (Ingeus Project) - Dave Mayers Related parties and relationships with other organisations: The Trust worked with numerous partners throughout the year in order to deliver or support projects: Pro-cure Plus, Salford Adult and Community Learning Trust, Salford CVS. Salford City College, Salford IAG Networking Groupi Salford NEET Design Group. Helping Families initiative, Building Better Opportunities Project, GMCVO Talent Match, Registered Social Landlords, Local Employers, DWP, Environment Agency, Salford Credit Union, Salford CAB, Salford City Council, Careers connect (Connexions), Salford University, Albert's of Salford Youth Club, New Park PRU and All Salford Secondary Schools School. Greater Manchester poli￿, Training Brokers, Salford work Club network. Remuneration policy for key management personnel: All management committee give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 10 to the accounts. Remuneration policy for key management personnel: The finan￿ sub-committee decide whether or not to increase the salaries of key management Personnel based on their performance during the year. When a decision has been ma(ie it is then forwarded to the full board for discussion and agreed on or not. Process.. The Chief Officer proposes and submits an application for the deputy chief Officer to the finance and strategy sub group. If agreed the paper is forwarded to the full board for ratification.

The Broughton Trust Management committee's annual report for the year ended 315t March 2022 The Chairperson proposes and submits an application for the Chief Officer's increase to the Finance and Strategy sub group. If agreed the paper is fO￿arded to the full board for ratification. Risk management: Major risks to the organisation are considered at each Board meeting. The TrusteeslDirertors are presented with an up-to-date balance sheet, updated on the projects and what bids we are submitting. It is not easy to manage risk in an organisation that exists on funding streams which are under ever increasing pressure. We believe that the processes and how we communicate across the organisation is sufficient to mitigate against major risks but sufficient to prevent financial collapse as this is not within our power at the moment. If there are any issues/Governance issues, these are discussed within the project managers meetings (Monthly). The govemance of the organisation is ultimately the responsibility of the Trustee's they receive an update of the projects and the finance projertions at each Board meeting (quarterly) via the Deputy Chief Offi￿r. In the event of any issues around governance a group of 4 members from the Board of Trustees is convened set against their skills set on the IS09001 Skills Audit Matrix. If there are any changes to the employment Law or changes in requirements from Companies house or the Charity Commission they are circulated to the board and discussed at the meetings. Apart from the full board the Trust also has a Finance and Strategy Sub and Staffing Sub group both of which meet prior to the board meeting and their minutes are circulated for discussion at the board meeting. All Trustees on joining the board are given a Trustee's Handbook which explains the strurture of the Trust and roles and responsibilities therein. The Trusts works on a fiscal year and our accounts are either independently audited or examined. The Trust also hold the quality kite mark ISO 9001 which requires the organisation to have robust and coherent risk policies. Funds held as custodian trustee on behalf of others: A small amount of monies has been and is held by the Trust on behalf of Salford Together, "one Broughton Fund" (£1,600).

The Broughton Trust

Management committee’s annual report

for the year ended 31[st] March 2022

Statement of responsibilities of the trustees

The trustees (who are also directors of The Broughton Trust for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs 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 these financial statements, the trustees are required to:

Select suitable accounting policies and then apply them consistently

Observe the methods and principles in the Charities SORP

Make judgements and estimates that are reasonable and prudent

State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements

Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial 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.

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.

Approved by the trustees on 19/09/2022 and signed on their behalf by:

Amanda Bickerton (Chair of Trustees)

27/10/2022

8

Independent examiner’s report

to the trustees of

The Broughton Trust

I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] March 2022 which are set out on pages 10 to 36.

Responsibilities and basis of report

As the charity 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 company’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

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

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 that in any material respect:

1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. 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

4. 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.

Catherine Hall FCCA DChA

Slade & Cooper Limited Beehive Lofts, Jersey Street Manchester, M4 6JG Date 02/11/2022

9

The Broughton Trust Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2022 Unrestricted funds Restricted funds Total funds 2022 Total funds 2021 Note Income from: Donations and legacies 81,707 81,707 92,458 Charitable activities- 226,630 56,023 282,653 456,265 Total income 308,337 56,023 364,360 548,723 Expenditure on: Charitable activities: 373,768 58,855 432,623 467,355 Total expenditure 373,768 58,855 432,623 467,355 Net income/(expenditure) for the year (65,431) (2,832) (68,263) 81,368 Transfer between funds 17,970 (17,970) Net movement in funds for the year (47,461) (20,802) (68,263) 81,368 Reconciliation of funds Total funds brought forward 177,859 59,124 236,983 155,615 Total funds carried forward 130.398 38.322 168.720 236.983 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Prior year SOFA is shown on the last page. io

The Broughton Trust Company number 3900840

Balance sheet as at 31 March 2022

Note
£
£
Fixed assets
Tangible assets
11
68,996
Total fixed assets
68,996
Current assets
Debtors
12
74,924
Cash at bank and in hand
13
121,445
Total current assets
196,369
Liabilities
Creditors: amounts falling
due in less than one year
14
(90,527)
Net current assets
105,842
Total assets less current liabilities
174,838
Creditors: amounts falling
due after more than one year
15
(6,118)
Net assets
168,720
The funds of the charity:
Restricted income funds
16
38,322
Unrestricted income funds
17
130,398
Total charity funds
168,720
2022		 £
£
76,651
76,651
83,671
170,173
253,844
(81,194)
172,650
249,301
(12,318)
236,983
59,124
177,859
236,983
2021		 £
£
76,651
76,651
83,671
170,173
253,844
(81,194)
172,650
249,301
(12,318)
236,983
59,124
177,859
236,983
2021
76,651
172,650
249,301
(12,318)
236,983
59,124
177,859
236,983

For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in

The directors acknowledge their responsibilities for complying with the requirements of the Act

The notes on pages 12 to 36 form part of these accounts.

Approved by the trustees on 27/10/2022 and signed on their behalf by:

Amanda Bickerton (Chair of Trustees)

11

The Broughton Trust Statement of Cash Flows for the year ending 31 March 2022 Note 2022 2021 Cash provided by/{used in) operating activities 21 (47,728) 93,696 Cash flows from investing artivities.. Purchase of tangible fixed assets {32,206) Cash provlded by/{used In) Investlng actlvltles {32,206) Cash flows from financing activities.. Repayment of borrowing Cash inflows from new boThowing {I,000) (1,275) Cash provlded by/{used In) financlng actlvltles (1,000) {1,275) Increase/(decrease) in cash and cash equivalents in the year (48,728) 60,215 Cash and cash equivalents at the beginning of the year 170,173 109,958 Cash and cash equivalents at the end of the year 121,445 170,173 12

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 Accounting policie5 The principal accounting policies adopted. judgments and key sources of estimation uncertainty in the preparation of the financial statements ère as follows= a Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended practi￿ applicable to charities preparing their accounts in ccordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021, second edition Ortober 2019 {Charities SORP IFRS 10211. the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) and the Companies Act 20Q6 and UK Generally Accepted Accounting Practice. The Broughton Trust meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transartion value unless otherwise stated in the ￿levant accountlng policy note. b Preparation of the accounts on a going concern basis The trustees consider that the￿ are no material uncertainties about the charitable company's ability to continue as a going concem as at 31st March 2022. Although at first glance the Trust finances look to be heading toward the Trust insolvency there are ￿rtain fattors to allay fears of any such thing. The furfough scheme whilst having an effect within and on the Trust hès helped out and strengthened the Un￿StrICted finances going forward. The City Council have committed to supporting some projects such as Suicide p￿ventIOn along with the CCG. The GMP have supported and will maintain financial support for the interrfention project- -jobs not Pri50n" Plu5 Trafford and Stretford Housing Association have agreed t(> fvnd the same projert being delivered in their area £89,503 (over 2 years). There is what is considered a large liability on the balance sheet. however we do not consider this to be the case and believe that it will be removed as a liability over the next two financial years. The Trust has over many years faced similar financial problems and has always been able tc> avert what on paper has looked like a foregone conclusion. Although this year looks and will be more challenging we believe as a board that the management of the trust are up to that challenge and will bring the Trust safely into harbour. The above is based upon a contract worth minimum look per year for 3 years. A belief that the Trust will be successful in achieving a pla￿ on the Greater Manihester Combined Authority to enable us to tender for projects and deliver accredited courses which attract a hi9her rate of revenLbe. 13

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) c Income Income is recognised when the charity has entitlement to the funds. any perf0rrnan￿ conditions attached to the item{sl of incorne have been met, it is probable that the income will be received and the amount can be measured reliably. Income from government and other grants. whether 'capiial' grants or '￿venUe, grants, is recognised when the charity has entitlement to the funds, any perft)rmance conditions attached to the grants have been mel, it is probable that the income will be ￿ceiVed and the amount can be measured reliably and is not deferred. For legacies, entitlement is taken as the earfier of the date on which either- the charity is aware that probate has been granted, the estate has been finali5ed and notification has been made by the executor{s) to the charity that a distribution will be made. or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material. Income received in advance of a provision of a speofied service is deferred until the criteria for income recognition are met. d Donated services and facilities Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditlons associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP {FRS 1021, general volunteer time is not recognised: refer to the tnjstees. annual report for more information about their contribution. On receipt, donated professional services and donated facilities are ￿OgnISed on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay tc> obtain services or facilities of equivalent economic benefit on the open market,. a COr￿spOndIng amount is then recognised in expenditure in the penod of receipt. e Interest re¢elvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is nomially upon notification of the Inte￿St paid or payable by the Bank. 14

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) f Fund accountlng Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at thelr discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be Solely used for particular areas of the charity's work or for specific projects being undertaken by the charity. g Expenditure and irrecoverable VAT 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 15 classified under the following activity headings.. Expenditure on charitable activities undertaken to further the purposes of the charity and their associated support costs. Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. h Allocatlon of support c(tysts Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and govemance costs which support the charity's programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitsble activities. The bases on which sUPPOrt Costs have been allocated are set out in note 7. i Operating leases Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease. j Tangible fixed assets Individual fixed assets costing £1,000 or MO￿ are capitalised at cost and are depreciated over their estimated LJ5eful economic live5 on a straight line basis a5 follows.. Refvrbishrnent Office ffixtures and equipment Computer equipment 4010 25% 33% 15

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) k Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade diswunts due. I Cash at bank and In hand Cash at bank and cash in hand includes cash and short tem) highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the Ileposit or similar acc(>unt. m Creditors and provisions Creditor5 and provisions are recognised where the charity has a present obligaticTrn 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 estimateil reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. n Financial instruments 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 transartion value and SLJbsequently measured at their settlement value with the exception of bank loans which a subsequently measured at amortised cost using the effertive interest method. 16

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) o Penslons Employees of the charity are entitled to join a defined contribution 'money purchase, scheme. The charity's contribution is unre5tritted except that it should not exceed the monthly salary. The were no outstanding contributions at the year end. The costs of the defined conlribution scheme are inclvded within support and governance costs and allocated to the funds of the charity using the methodology set out in note 7. The money purchase plan is managed by Clerical Medical PIC and the plan invests the contributions made by the employee and employer in an investment fund to build up over the term of the plan a pension funil which is then converted into a pension upon the employee's normal ret1￿ment year age when eligible for a state pension. The total expense ratio of the plan is Q.5% and this is deducted from the investment fund annually. The trust has no liability beyond making its contributions and paying across the dedurtion5 for the employee's contributions. There were no contributions outstanding at the year-end. p Redundancy / termination payments Redundancy payments a￿ amounts payable as a result of a decision by the charity to temiinate an ernployee's employment before the normal retirement date or an employee's decision to accept voluntary redundancy and are charged on an accmals basis when the charity is demonstrably committed to the termination of the employment of an employee or making an offer to encourage voluntary redundancy. There were no outstanding payments at year end. Legal ststus of the charity The charity is a cornpany limited by guarantee registered in England and Wales and has no sha capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page l. Income from donation5 and legacies Current reportlng perlod Unrestricted Restricted Total 2022 Government furlough grant 81.707 81,707 Total 81,707 81,707 Previous reports.ng period UnrestrFCted Restricted Total 2021 Government furlough grant 92,458 92,458 Tot31 92,458 92,458 17

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) Income from charltable actlvltles Current reporting period Unrestricted Restricted Total 2022 Core Projects Grant5 Job Club WEAIESF Seddon Contractors INGEUS Fees Other income 10,000 ID,000 13,015 5,000 25,629 136,066 548 13,015 5,000 25,629 136,066 548 Subtotal for Core Projects Youth Grants Salford City Council Salford CVS GMCVO Fees Other income 177,243 13,015 190,258 22,000 22,000 ID,000 15,716 23,671 328 10,000 15,716 23,671 328 Subtotsl for YPS Learnlng In Broughton Grants LCH ttle Pot of Health The Training Brokers 49,387 22,328 71,715 3,000 4,158 13,522 3,000 4,158 13,522 Subtotal for Sustainable Communities 20.680 20,680 Trtal 226,630 56,023 282,653 18

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) Income from charltable actlvltles (contlnued) Previous repo￿"n9 period Unrestricted Restricted Totol 2021 Core Projects Grants Big Lottery Job Club GMCA WEA/ESF Salford City Council Fees other income 89,623 89,623 6,000 59,600 17,285 10,000 96,526 28 6.000 59,600 17,285 10.000 96.526 28 Subtotal for CO￿ Projects Yps Grants GMCVO Fees Other income 112,554 166,508 279,062 77,297 9,750 77,297 9,750 Subtotal for YPS Learnin9 in Broughton Grants Big Lottery LCH Little Pot of Health The Training Broke Mantra 87,047 87,047 42,230 22,QOO 1,296 11,462 42,230 22,000 1,296 11,462 13,168 13.168 Subtotal for Sustainable Communities 13.168 76,988 90,156 Total 212.769 243,496 456,265 19

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) 5 Analysis of expenditure on charitable activities Core Projects YPS Project Leaming In Broughton Current Reporting Period Total 2022 Staff costs 115,353 60,660 125,197 301,210 Direct events and activities Administrative costs Premises costs 43,514 4,423 29,343 77,280 28,999 4,985 (17,1481 (24,9701 2,231 3,115 8,233 9,988 6,935 4,362 12,421 14,982 38,165 12,462 3,506 Governance costs Support costs Total 150,733 88,650 193,240 432,623 2022 Restricted expenditure Unrestricled expenditure 58,855 373,768 432,623 20

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) 5 Analysls of expendlture on charltable actlvltles {contlnued) Core Projects Learning in Brouqhton YPS Project Prevlous Reportlng Perlod Total 2021 staff costs 177,250 57,873 81,988 317,111 Dlrect events and activitles 69,541 10,495 10,983 91,019 Admlnlstratlve costs 34, 543 2,233 5,188 41,964 Premlses costs 14,501 460 14,501 2, 760 Governance costs 300 2,000 25, 900 Support C05tS (36,820) 10,920 Total 259,475 81,821 126,059 467,355 2021 Restricted expenditure Unrestricted expenditure 299,801 167,554 467,355 21

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) Analysis of governance and support costs Current reporting period Basis of apportionment Support Govemance Total 2022 Core line rnanagement Direct events and activities Premises costs Administrative costs AGM Costs Independent examination and accountancy Legal and professional stsff staff flfy)r area 24,970 600 12.462 18,770 43,740 600 12,462 Governance 568 568 Governance Governance 2.898 40 2,898 40 38,032 22,276 60,308 Previous repo￿ng period Basi5 of apportionment Support Governance Total 2021 Core lffne marjagernent p￿mIseS costs Indepeftdeftt examination and accountancy staff floor a￿3 21,061 17,860 21,061 17,B60 Governance 2,760 2,760 38,921 2,760 41,681 22

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) Net Income/(expendlture) for the year This 15 Stated after charging/{creditingl'. 2022 2021 Depreciation Interest payable Operating lease rentals: Property other IE'S remuneration accountancy fees Independent examiner's fee 7,655 1,300 7,655 1,300 loo 1,061 1,995 420 loo 1,061 1,900 400 Staff costs Staff costs during the year were as follows.. 2022 2021 Wages and salaries Social security costs Pension costs 274,540 17,784 8,886 290,454 17,816 8,841 301,210 317,111 Allocated as follows: Charitable artivities Support costs Governance costs 257.470 24,970 18,770 317,111 301,210 317,111 No employees has employee benefits in eX￿sS of £60,000 {2021- Nil). The average number of staff employed during the period was 15 (2021.. 16). The average full time equivalent number of staff employed dunng the period was 11 (2Q121.' 11). The key management personnel of the charity comprise the trustees and the Chief Executive Officer. The total employee benefits of the key management personnel of the charity were £77,592 12021- £67,990). 23

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) Trustee remuneration and expeD5e5, and related party traD5act10115 Neither the management committee nor any persons connected with them received any remuneration or reimbursed expenses during the year12021- Nill. No 12021.. One) member5 of the management committee received travel and Subsisten￿ expenses during the year of £Nil 12021'.£15). Aggregate donations from related parties were £Nil {2021: £Nil). There a￿ no donations from related parties which a￿ outside the normal course of business and no restricted donations from ￿lated parties. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2021.. nill. Salix Hornes have a representative on the Board. lackie Crook. In March 2022. £4.000 received from Salix Homes Ltd for job club on 1910712021 who are corporate d1￿CtorS plus £823.50 towards wages April to lune 2022 dated 29.03.2022 {not on The Trusts payroll) for wages. (2021.. £4,000) Great Places have a representative on the Board. Graig Stone and ENil was invoiced for the same as above (2021.'É2,0(10) £2,000 received from onward homes towards Job Club paid 07.01.2022 Diane Crowcroft is a dirertor of Caterpillar Corner). She receives no remuneration or benefit from this position. 24

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) 10 Corporatlon tax The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charyes have arisen in the chanty. 11 Fixed assets: tangible assets Leasehold improvements Office equipment Computer equipment Total Cost At l April 2C121 Additions Disposals 103.946 8,764 6.563 119,273 At 31 March 2022 103,946 8,764 6,563 119,273 Depreciation At l April 2Q121 Charge for the year Disposals 34.138 4.834 5,164 1.200 3,320 1,621 42,622 7,655 At 31 March 2022 38.972 6,364 4.941 50,277 Net book value At 31 March 2022 64.974 2,400 1.622 68,996 At 31 March 2021 69.808 3,600 3,243 76,651 25

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) 12 Debtors 2022 2021 Accrued Income Trade debtors Other debtors Prepayments and accrued income 41,067 29,285 1,367 3,205 36,425 29,032 15,721 2,493 74,924 83,671 13 Cash at bank and in hand 2022 2021 Cash at bank and on hand 121,445 170,173 121,445 170.173 14 Creditors: amounts falling due within one year 2022 2021 Loans due in less than l year Trade creditor5 Short term compensated absences {holiday pay) Accruals Other creditors Deferred income Taxation and social security costs 53,000 10,189 47,800 2,434 5.444 17,775 2,291 20,460 563 824 5,491 5,450 90,527 81,194 26

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) 15 Credltors: amounts falllng after more than one year 2022 2021 Loan I Loan 2 6.118 7,118 5,200 6,118 12,318 Repayable after more than 5 years by instalments 2,118 2,118 Repayable after more than 5 Yea￿ other than by instalments Loan l is from Salford City Council for £18.000 at zero interest ￿paYable over 18 years. Approximately £1,118 of the loan is due after 5 years, the balance is due in less than 5 years. Loan 2 is from Salford City Council for £52,000 at 2% al)ove base rate ￿paYable over 10 years. No amount of the loan is due after 5 years. It is all due in less than 5 years. 27

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) 16 Analysls of movements In restrlcted funds Current reporting perlod Balance at l April 2021 Balance at 31 March 2022 Income Expenditure Transfers Core GEf HELP Jobs not Prison Big Lottery WEA/ESF Digital Skills Salford Royal NHS 17.162 15,087 17 (11,914) (24,983} 5,248 12,432 22,328 (171 13.015 (9,061) (200} 3,954 1,695 1.895 34.161 35.343 (46,158) {171 23,329 Youth Projects GMCA 9,972 (8,642} 1,330 9,972 (8,642} 1,330 Learnlng In Broughton Bridging the Gap LCH ttle Pot of Health Green Quality Mark 13,522 3.000 4.158 13,522 6.722 {9,722) 14,017) {38} 141 8,269 (8,231) 14.991 20.680 (4,055} (17.953) 13,663 Total 59.124 56.023 (58,855) 117,970) 38,322 28

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) 16 Analysls of movements In restrlrted funds (contlnued) Previous reporting perlod Balance at l April 2020 Balance at 31 March 2021 Expenditur Income Transfe Core GE[ HELP Jobs not Prison Big Lottery Salford Royal NHS 23.710 25,778 (6.548) (10,691) (89,606) 17,162 15,087 89,623 2,000 (105) I,B95 51,488 89.623 (106,845) (105) 34,161 Youth Projects WEA -ESF GMCA 17,285 59,600 (17.697) (49,628) 412 9,972 76.885 (67,325) 412 9,972 Learnin9 in Bmughton Bridging the Gap LCH Little Pot of Health Peel Park Green Quality Mark 53,692 22,000 1,296 (81,712) (15,278) 28,020 6,722 (1,296J (197) 197 10,691 (2,422) 8,269 10,888 76.988 (99.412) 26.527 14.991 Total 62,376 243,496 (273,582) 26,834 59,124 29

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) 16 Analysis of movements in restricted funds {continuad) Name of restricted fund Descrlptlon. nature and ptsrptsses of the fund Get Help is a project funded by the GMCA & Home Office tts look closely at the effert knife crime is having on young people, families and communities within Salford. The projert is made up of a one hour play based on a true incident followed up by workshops exploring the issue in further detail with people on the panel who have lived experiences. Its aim to start a conversation. raise awareness and educate. Salford Royal NHS The Broughton Neighbothood Leadership team (One Broughtonl made up of Voluntary and statutory organisations a￿ looking at w3ys tts alleviate p￿sSUre on GP'S and Acute Trust. We were asked to administer this pot of money for speed and ease of accessing for beneficiaries. This project is aimed at supporting young people and 18+ who based on Police and community intelligence maybe on the edge or involved in crime. A Key worker will provide intense work to prog￿55 them int(> Investing in Youth the aim of this fund Is to deliver an Investing in Youth Projert that aims to train 120 adult volunteers over four years using NOCN level one and two, to give them improved understanding of and commitment to the needs of young people in the community and enhance their own ernployability and personal progression. A 3 year Big Lottery funded project which is based on the learning team providing the Salford Community with Infomation Advice and Guidance around learning and employment and also the same targeted for youth plus Mentoring. A grant to support AEB providers with the capital costs ass(Kiated with adhering to the latest government guidance for the wider re-opening of educational establishments. We purchased new tables, chairs. Laptops, digital equipment and refurbished the old industrial kitchen into a classroom. Jobs not pri50n Big Lottery Bridging the Gap GMCA 30

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) 16 Analysis of movements in restricted funds {continuad) Name of restricted fund Descrlptlon. nature and ptsrptsses of the fund Big Lottery This project is aimed at supporting families who have ben effected by COVID-19 pandemic. By introducing alternatives for services where dernand 15 high and waiting lists are long. It will ft)cus on wellbeing and learning and deliver online sessions and provide laptops to families & WiFi who are in need. Mentoring. Little pot of Health/ one to One A coordinator trains volunteers tts support adults in leaming on a one to one basis how to read and write. LCH This projert was/is to engage with parents at present disengaged with schools. To then encourage engagement through a third party lusl with a view to increasing participation with the school and their children's and their own personal development. This is the second WEA project in using our newly refurbished Learning lab with bespoke digital equipment to support 30 individuals to develop appropriate digital skills. WEA -ESF Digitsl skills 31

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) 17 Analysis of movement in unrestricted funds Current reportlng period Balance al l April 2021 Asat31 March 2022 Incoffle Expenditure Transfers General fund Talent Match-Dean Hughes Hidden omes for England Match funding 171.329 6,613 (4.387) 300.337 {364.917} 17.970 124,719 6,613 (5,238) 8.000 (8.851} 4.304 4,304 177.859 308,337 {373,768) 17,970 13D,398 Previous reporting period Balance at l April 2020 Asat31 March 2021 Expenditur Income Transfers General fvnd Tèlent March-Dean Hughes Hidderj Homes for England Match funding 67.904 250.976 20,125 29,822 (119,833) (13,512) (34,209) (27,718J 171,329 6,613 (4,387) 4.304 4,304 72,208 300,923 (167,554) (27,718) 177,859 Name of unrestrlcted fvnd Description. nature and purposes of the fund General fund Talent Match The reserves of the charity supporting young people aged 18-24 who have been out of employment, education or training for twelve months or more and who need extra support to help them along their pathway to work. The programme is an extension of the GMCVO Talent Match Programme but with changes to the eligibility. The criteria is now 18-25, N.E.E.T (not in education. employment or training) and not claiming any benefits. This is a two year programme and due to end in March 2021. Idden 32

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) 18 Analysls of net assets between funds Current reporting period General fund Designated funds Restricted funds Total Tangible fixed assets Net current assets/(liabilities) Creditors of more than one year 68.996 61,841 16,118) 68,996 105,842 16,118) 5,679 38,322 Total 124.719 5,679 38,322 168,720 Previous reporting period General fund Designated funds Restricted funds Total Tangible fixed assets Net current assets/(liabilities) Creditors of more than one year 76,651 106,996 (12,318) 76,651 172,650 (12,318) 6,530 59,124 Total 171.329 6.530 59.124 236.983 19 Financial instruments Financial instruments measured at amortised cost comprise the loan financing provided by Salford City Council to the charity. 2022 2021 Loan payable falling due within one year Loan payable falling due in more than one year but in less than five years Loan payable falling due after five years 53,000 47,80LI 10,200 2,118 10,200 2,118 65,318 60,118 Descriptlons of the indlvidual loans are given in note 14. 33

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) 20 Operatlng lease commltments The charity's totsl future minimum lease paymerbts un(Jer nOn￿ncelIable operating leases is as Property Equipment 2022 2021 2022 2021 Less than one year One to five years Over five years loo 400 950 loo 400 1.050 2,895 8,400 1,061 795 1,450 1,550 11,295 1,856 21 Reconciliation of net movement in funds to net cash flow from operating activities 2022 2021 Net income/(expenditure) for the year Adjustmènts for., Depreciation charge DecreaSe/{inc￿a$e) in debtors Increase/ldecrease) in creditors (68,263} 81,368 7,655 8,747 4,133 7,655 10,970 16,2971 Net cash provided by/(used in) operatin9 (47,728) 93,696 34

The Broughton Trust Notes to the accounts for the year ended 31 March 2022 (continued) 22 Analysis of changes in net debt Balance at l April 2021 other non- cash changes Asat31 March 2022 Cashflows Cash and cash equivalents Cash 170.173 (48,728} 121,445 170.173 (48,728) 121,445 Borrowin9S Debt due within l year Debt due more than l year {47.800} {12.318) 1,000 16,20LII 6,200 {53,000) (6, 118) (60.118) 1,000 {59, 118) Total 110.055 (47.728} 62,327 35

The Broughton Trust

Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2021

Unrestricted
funds
Note
£
Income from:
Donations and legacies
3
92,458
Charitable activities:
4
212,769
Total income
305,227
Expenditure on:
Charitable activities:
5
167,554
Total expenditure
167,554
7
137,673
Transfer between funds
(27,718)
Net movement in funds for the year
109,955
Reconciliation of funds
Total funds brought forward
72,208
Total funds carried forward
182,163
Net income/(expenditure) for the
year		 Restricted
funds
£
-
243,496
243,496
299,801
299,801
(56,305)
27,718
(28,587)
83,407
54,820		 Total funds
2021
£
92,458
456,265
548,723
467,355
467,355
81,368
-
81,368
155,615
236,983		 Total funds
2020
£
6,454
580,511
586,965
569,873
569,873
17,092
-
17,092
138,523
155,615

36