Company regislrntion number: 05138092 (J)arity registration number". 1105303 The Salford Trust (A company limited by guaranlee) Annual Report and Financial Statements for the Year Ended 31 March 2025 Chartered Accountants I sl Floor, Block C T1 Wharf Manchester Road Burnley Lallcashire BBII IJG
The Salford Trust Contents Reterence and Administrative Details Trustces, Report 2to6 Independent Exzmincls Report Stsiemenl of Fin4ttcial A¢tivAties Balance Sheet Notes lo the Financial Statements 1010 14
The Salford Tru%t Reference and Administrative Details Trustees Mr N Abbott Mr S W Almond Mr A Bannister Mr P Collins Mr T M Jacobs Mrs S Wikon-Gibbons Ms S Almond Ms M L McAllisleT Mr P J Openshaw Mr P Collins Seerelary Charlty Reglstratlon Number 1105303 Cornp4ny Re¥lgtrarton Number 05138092 The Gharity is incorporated in England. 1st Floor, Block C The Wharf Mancbe51er Ro&d Butnley Lancashire BBII IJG Reglstered Offlee Prlnelpal Office 1x)Y Mill, Lees Slreet, Pendlebury M27 6DB Independent x*mlner Chartered AccounlaDts 1st Floor, Block C The Wharf Manchester Road Burnley Lancashire BBII IJG BaDker8' Saiilander UK plc Bu5ine$5 & Coryorate Banking Owations Bridle Road Bootle MeTseyside L30 4GB Page I
The Salford Trust Trustees, Report Tlie Ist¢e5, who are directors for the purpoKs of company law, present the annual report tog¢th¢r wilh the funcial slatem¢nts of the cbaritable company for the year ended 31 Mairh 2025. On 26th August 2025 the company cbanged ils name from The Salford Foulldation Trust to The Salford TnJ$t Ltd and then to the Salford Trust on (DATE). The fomier name of the company is now held by a new company registered Èn August 2024. Trustees Mi. N l Abbott Ms S CAlmond Mr S W Almond Mr A Bannisier Mr P Colltns Mr T M Jacobs Ms M L McAllisler (appointed 18 Jiily 2024) Mr PJ Openshaw (appoinled 17 Febnry 2025) Mrs S Wilson-Gibbons Objectlves And A¢tlvldes Objects The Salford Trust acls as a resource for young peoplc between Ihe ages of fjve and enty-fIVe years living in Saiford by providi1)£ advice and asslslallce, including bul not liinited lo, financial assistance and organising Programm ot'physical, educational and otber activities as a m¢ans of. (8) advanciiig in life and helping young people by developing Iheir skills capacities and capabilities to enable them lo participate in society as independent mature and responsible individuals {b) lldvancing ¢ducation (¢) relieving uneMplonent (d) providin8 recreatioiial and leisuTe lime aclivity in the Intets of social welfare for peopl¢ living in the ai'ea of benefit who have need by reason of their youth age infirniily or disability poverty or social and economic ircumslances with a view to improving the Conditio of life of such persotk8. The chArity alm The Salfoi'd TiThst acts as a resouw¢ for youn8 people between the ages of five and twenty-five years living in Salford by providing advice ond a&sistance. including bul not limited to, fin8ncial as4islance and OiEani8in8 programmes of physical, educational and other aclivitieg to experience or enhance personal and learning dcvelopment opportunities. Chall¢llL¥es Aiid ehAnge Promoting the Trust to th¢ public directly during the year wd5 a major focus. Schoolg and Colleges were infonned regularly and invited to pas5 on ihc inforn18tion to parents bul this does Ilot always translate into referrnls. Developing more ¢ffeclive methods of communication renuined a key driver duting the year. Page 2
The Salford Trust Trustees, Report At the stait of the year the TTUSt vISited its promolional and marketing plan and concluded thai il would be more beneficial to invest in a social medi8Jmarkeling consullant with agreed monthly tasks lo establish a nre subslantial media presence. An appointhKnl was made and a member of th¢ Board and Ihe Managing Trust¢¢ established a working pallern ihal would allow the ¢onsultant to understand more about the work in the early months but also provide space for her to create key messages and targeted campaigns once the work of the TTUSt was fully understood. The aclivitia8 during th¢ year includ¢d: The wcek]y promotion of thr Trust dittrtly to the general public including regular posts on FaceboDK Twitter (now X), Linkedln 8Thd Instagrom via the Metricool social media platform The regular use of sponsored Facebook posts taTgeting Salford families • The production of posts for th¢ College to promote the general fvnding rounds and the 8pecialist rOUd5 including the Jolu]ny Marr award and the Stage Door #ward supported by Maxine Peake Dirc¢l engagement wlih beneficiaries and tbeir families to report their involvement and progre55ion on social media • Th¢ production of a further promotional film with Ihe technical assistAnce of staff from Invisible Systems 88 a pro bono off¢r • The production of a new website and application forni currently offline and waiting for Board sign off and launch date . The use of Royal Mail lo m4ilshot a Icaflet to two posl¢ode atea5 orihc City to tt the impact of a paper bed proinotion in the local community The TN81 has also changed its name with the rernoval of the word Foundation to become The Salford Trust. There are two other organisalions with similar names, Saiford Foundation and the Saiford Foundation H05Pital Trust and the similarity of narne ha5 Caused sonK COnfi20n over the year8. The new website and applic&tion forni will be launched once the nan change process hos been completed.. Overall grvdnt expendltllre for 2024 - 2025 This year th¢ Trust supporled 56 applicatioL% wilb a total expendilure for the year on grants or 15.095 (this ncludes a number who were still rec¢iving stsg¢d or continuous paymenls from the previou8 years). During the year the Trust also increased the number of young people on ils int¢rnal Paihway Programme to five. Pathway participation ffts agreed at the funding sub-committee and then provides the opp0TnitY for young people to receive additional funding in between funding rounds to supporl their progress to achieve particular perfonnonce goals - tbis included supporling training camp wsts and trdvel in Egypt and GeTmany for a pard swimmer who during the year secured the World's best time in th¢ national winter compelition and has now secured hei. place on the GB team at the Para World Swimming Championships in SinEapore and a young s¢ooting competitor who attended an evcnt in Gemany where he secured the title of "Rookie King of Gennanl, as well a5 Participating in gllts acmss the UK where he continued to progre&8 with rst place finishe5. Page 3
The Salford Trust Trustees, Report P4rtner engagement The Trust lias provided private sector partner5 With information about the funding rounds to be distr&buled to their staff who live in Salfoi'd so tiiat they can pas5 on the rclevanl information if they know someone who could apply. This was the third of a thre¢ year funding agreement with Jolinny Ma, the writer and lead guitarist of The Smiths, member of the group The Pretende and successful perfornier in his own right. The Trust secured the Ihi'ee yeats of funding with the help of our Patron, Ms Maxine Peake who has previously worked with Mi. Mari. on a project. The A ward Offe thc successful applicant £l.000 to develop their music818kills where finance would oilierwise be a barrier to progre&s. As & result of tb¢ profile generated by the Award, Universal Music. who owm the rights lo Johnny MarT's music, also agreed lo offer a match thnd in support of other young people in the City with similar aspirations and tliis has also continued into the third year. During the year, Maxine Peake also provided funding for four young people with a Perforn)ing Arts Award. knovm as The SL2g¢ Door Award. The Tst donated £15,000 from the 2025 Charity Ball to Salford Lads, and Girls, Club in response to Ih¢ii' call for assistance in se¢uring the future of the Club. They did TCC6'iV¢ a lot of Press and subsequent incoine to support Iheir iullning costs bul the Tnjst allocated fundin8 to directly support children and young people who alt¢nd tlie Club in line with our charitsble objects. In partnering with th¢ Club it does enable the Trust to ac¢ess mol'e young people in the Salfoi"d 5 arca ofthc City usill¥ their etsgagerneD¢ with the Club a8 a starting point. The Trust has two key Committees that partner's participate ID - a srant awarding Sub-committec and a Boayd of TTU5tees'. The Sub-committee includes rq)resenlation from other contributors iluding Saiford Cominunity Leisure, Salford College and a range of privalc sector p8finers. Partners who offer funding are invited lo attend the 8ub-cDmmitt¢e meetings so Ihcy better understand community need and Ibe way in which funding is allocated, There is also student participation on the sub-conjmittee wilh sludenls from Salford College havi1)8 an oppoiknjnity to attend to share their views on the appli¢atioJis. There has been an increase in the numbers of members of the Sub-committee who contribule to thc decision making and provide advice, guidance and praclical support to the TnLSt. The Boai'd of Trustees has a range of Community and privale sector partners who use their expertise to lead oll spectfic a¢livity as well as contribute to strategic and forward planning. During the year the board welcomed two new Trustees, Ms McAllister and Mr Opgnshaw. as part of our plan lo increase the nuinbers of board members. The Trust Lontinuc$ to work closely with or8anisalions across the City lo identify children and young people who most need sUPPOrt. including local authorily inlcrv¢ntion teams. educational eslablishn)enls. neighbourhood and sporting networks, the music service and specifJ¢ services for young people. Page 4
The Salford Trust Trustees, Report Suppoyt and donatlong A locul business called Advania, localed in LO Mill. provid¢$ a desk al no cost. The Lowry Mill Management participate in sub-committee me¢tAn8s and provide meeting rootns at no cost. This y¢ar saw the second Charity Ball in Febry and nmning into th¢ n¢w fmancial yellr, a campaign l¢d by Bank of New York to r¢cruit participaDt5 for the Manchester IOK and Half Marathon. The Ball was an overwhelming success with 20 tables sold to private seclor partners, generating over £75.000 in support of the Work of th¢ Twsl and Salford Lads, and Girls, Club. The evenl showcased ihe work of the Trusl with performance from Ihe rst two Johnny MITT award winners and ihe first showing of a new promolional film. Mr Abboll, The TTU$t Chair, raised £1,500 in rnery of his mother WI p8ss¢d away during Ibe year and ihe donation was directed at young people from lh¢ Ordsall area of the City where she lived. There was also legaoy donation from a local family in memory of a fonner deputy head leacher who worked in Salford. There were a numbcr of donations from businesses including BNY Mellon 8nd the Simon Fenlon PartneTship. The JD Foundation continued to support tbe work of the Trust and a membcr of staff from JD attends the Sub-committee that oversces the allocalion of nding. Th¢ lotsl income from Ihe Ball and from other p8rlners was £115,007. Another Cbariiy Ball has been scheded for February 2026. Conclusion During the year the Trust h.. Increased its social media plans with the appointment of a socibl media consuliant Benefitted from impactfvl pro-bono support in Ihe 11n of dtgilal conlenl O8h Invisibl¢ Syst¢n • Produced a new promotional film • Increased the number of Board members . Increased the number of private sector parlners supporling ihe work of the TNst Delivered th¢ second Trust Charity Bull . Completed th¢ three key actions set out in the last Annual R¢port A¢tions for the year #head will include: A change of name with a social media re-launch • Laun¢h of the new web51te . Increasing Board membership further and maintaining tnomenrum of fundraising Our thanks go to our TnLStees, sub-committee rnemb¢T& volunteers for their time and experttse and refere* who have taken the lime lo support applications and engage in ongoing dialogue wilh the TTUSt to ensure that the resour¢es available make the most impact on the lives of children and young people. Publlc benefll The T1¢¢5 confimi that we hav¢ paid due regaTd to th¢ Charity Commission guidance on public b¢nefit reporting in deciding wbat activities the charity should undertake. Pa5
The Salford Trust Trustees, Report Strycturey governance minagemenl Governlng do¢ument Tbe Salford Tnist (ST) is governed by ils Memornndum and Articles as amended 28ih January 20218nd Kun by a i'oldling bO.d of Truslees who couslilute the mcmbership, there are no oihttr memb¢rs. The Trust obtained ilg charitable slalus on 4th August 21XJ4. The T&t Project Co-ordin8tOT reports to the Secretary of The Saiford TThst, who regularly meet to update on th¢ progress of The Salford TnJ8t. Applicalions to ST are asswed by a commillee which norn1]Y meets every three months. Board meetings are held noMllY cvcry two to tliree month5. Rlsk mAn4gement The Trustees have undertaken & policy of risk management and have endeavoured to ascertain the likely risks that they are subject to and have considered appropriate policies to deal with the risks which are foreseeable in relalion lo th¢ operation of the orBanisation. Flnin¢l41 revlew Thc charity recorded a surplus of £55.755 for the year. Poll¢y on reserves The Trust h8s unrestricted re8crve5 of £149.733 at the year end. Reserve5 of £1 5,000 - or roughly one ye81 S i'wming costs - are required, with Ihe balance held for distribution in 8rant& SMBII compAnles provl$lon statement Thig report has been prepared in accordance with Ihe small conyanies regime under the Companies Act 2006. Tlie annuAI report was approved by the trustees of Ihe charity on 2 October 2025 and sign¢d on its behalf by: Mr P Collins Company secretary and trustee Page 6
The Salford Trust Independent Examiner's Report to the trustees of The Salford Trust ('the Company,) I report to the charity trustees on my examination of Ibe accounts of Ihe Company for the year ended 31 March 2025. Responslbllltles and basls ofreport As the charity'8 tSteeS of tbe Company (and also its diffclors for the pu4)oses of cornpany law) you are responsible for the preparation of the accounts in a¢coidance with the requirements of the Coinpanies Act 2006 ('tbe 2006 A¢l'). Having satisfied rnyself that lh¢ awunls of the Company are not Tequired to bc audited undcr Part 16 of the 2006 Act and are eligible for indcperKlenl examinatton, I report in respect of my exfjminalion of your chaTity's arcounts a5 Garried out under section 145 of the Charilies Act 2011 ('Ihe 2011 Acl.). In carrying out my examination I have followed the Dtrc¢tions given by tb¢ Cbarity ConJtt)ission ullder section 145(5)(b) of the 2011 Acl, lttdependent examlner'8 statement L have completed my examination. l confm tbat no matters have colne lo my attention in conneclion with the examination 8iving me cause to b¢li¢ve: I, accounting records were not kepi in respect of The Salford Trust as required by section 386 of the 2006 2. the accounts do nol accord with those records. or 3. the accounts do nol conwly with the accounting requirements of section 396 of the 2006 Act other than iiy requirement Ihal the accounls give a 'true aftd fair view whicli is nol a matter considered as part of an indep¢ndent examination. or 4. the accounts have not been prepared in accordancc with tlie methods and principles of Ihe Statement of Recommended PraGli¢¢ for accounling and reporting by charilies [applicxbl¢ lo charili¢s prcparing their accounts in accordance with the Financial Rcporting Standard applicable in the UK and Republic of Irelind (FRS 102)]. I have no concerns and have com¢ across no other ma11ers in connection with the examination to which att¢ntion should be drawn in this report in ordcr to enable o proper underslanding of the accounls lo be reached. Mai'k Healon FCCA DchA FCIB 1st Floor, Block C Tlie Whart Manchester Road Burnley Lancashire BBI I IJG 2 October 2025 Pagg 7
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The Salford Trust (Registration number: 05138092) Balance Sheet as at 31 March 2025 2025 2024 Note Ciirrent assets Debtors Cash 4¢ bank and in hand 12 632 150.064 557 94.321 150.696 94,878 Credltors: AmouDt$ falllng due wllhln one year Net a58ets 13 963 900 149.733 93,978 Funds of the eharlty: Unrestricted Income funds Uni'estricted funds 149,733 93,978 Total fundy 14 149,733 93,978 Foi. the financial year ending 31 March 2025 the charity w8s entiiled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities., The tnembers have nol iequired the charity to obtain an audit of ils accounts for the year in question in accordance wilh seclion 476; and The dir¥ctors acknowledge their responsibilities for complying with the requirements of th¢ Act with respect to acoounting records and th¢ preparation of accounts. The financial statements on pages 8 10 14 were approved by the truslces, and authorised for is5u¢ on 2 October 2025 and signed on Ibeir behalf by: Mr P Collins Company 5ecr¢tary and trnstee The notes on pa¥cs 10 to 14 foTm au inlegTal part olthese financial statCllLents. Page 9
The Salford Trust Iyotes to the Flnancial Statements for the Year Ended 31 March 2025 I Charlty $tatus The charity is limited by 8uarantee. incorporat¢d in Englat)d, alld consequently does not have shar¢ capital. Each of the ttustees is Itable lo Contribute an amount not exceeding £1 towaTds the assets of the cbarity in the event of liquftdalioii. The address of its registered office is: 151 Floor, Block C The Wharf Manchester Road Burnley Lancashire BBI I IJG Tlie principal place of business is: Lowry Mill, Le¢s Street, Pcndlebury M27 6DB These financi&l statements were authorised for issue by the trustees on 2 October 2025. 2 A¢¢ounting policies Sumn)iry of slRnlfi¢aDt accoun16ng poll¢les and key accountlng e$limgle$ Th¢ pi'incipal accounting policies applied in the preparation of Ihese financial statements are sel out below. These policies have been consistently applied to all the years presented, unless otherwi5C 51ated. Statement of compllan¢e The financial statements have been prepared in Aceordan¢e with Accounting and Reporting by Cliarities.. Slalemcnl of Recommeildcd Praclice (applicable lo eharilie5 preparing iheir accounls ID accordance with the Financidl Reporting Standard applicable in the UK and Republi¢ of Ircland (FRS 102)) (issued in October 2019) (Charities SORP (FRS 102)), the Financial Reporting Siandard applicable in th¢ UK and Republic of Irelat (FRS 102) and the Companies Act 2006. Basis of pr¢p8rodon The Salford Trust me¢tS the definition of a public benefit enlity under FRS 102. Assets and liabililie5 are nilially recDgnis¢d al bistorical cosl or Ir?nsaction value unless olb¢nvise staled in the relevant accowiting poli¢y notes. Colng eon¢ern Tlie trustees consider Ihat there are no m&lerial uncertainties about the charitys ability to continue as a 8oin8 concern nor any significant areas of uncertainty that affect the carrying value of assets held by the ¢Irity. lii¢ome All income is recogllised once the clwity has enlitlement to the income, it is probable that the income will be received and the amount of the income re1vable can be measured T¢lÉably. Page 10
The Salford Trust Notes to the Financial Statements for the Year Ended 31 March 2025 Expendlture All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount Can be measured reliably. All Costs a allocated to (he applicable expcnditure heading Ihat aggregate similar costs to that category. CovernAn¢e eogts These includ¢ the costs attributable to the charity's compliance witb constitutional And stalulory requirements, including independent ex8minalion, strategic manag¢mmt and tnLslees' meetings and reimbur¥ed expenses. Trade debtor$ Trade debtors are amounis due from cusiomeTS for services perfornd in the ordinary course of bu8ine&q. Trade credltors Trad¢ creditors are obligations lo pay for goods or Servic that have becn acquired in the ordinary ¢our5c of busiiie5s from suppliers. Accounts payable are classified as Cuent liabilities if the charity does not have &n unconditional right, at the end of the reporting period, to defer settleinenl of the creditor for at least twelve months afier Ilie reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting dfile, they ale presenled as non-curreni liabilities. 3 Intome from donatloDS UArestrl¢ted TotY41 2025 Total 2024 General Donations 37,877 37,877 26,180 4 Incfyme from other trading aellvllles Uorestrleted Total 2025 Total 2024 General Events income. Charity ball 77,130 77,130 55,550 77,130 77.130 55,550 5 Investment Income Unrestrlcted Total 2025 Total 2024 General Bank interest 4,664 4.664 2,805 Pagell
The Salford Trust Notes to the Financial Statements for the Year Ended 31 March 2025 6 Expendlture on rnlsln2 funds ) Costs Of trading aetlvltles Unre$¢rie¢ed Total 2025 Tolal 2024 General Cliarity ball expenditure 5,495 15,495 14,465 15.495 15,495 14,465 7 Expendlture on eh4rl¢able aellvltles Unrestrlcled Total 2025 Total 2024 General Charity operating and publicity costs Grant funding ofactivities Governance cosls Staff costs 17,266 15,095 2,029 14,031 17,266 15,095 2,029 14,031 3,855 13,384 1,590 13,317 48,421 48,421 32,146 8 Analysls of governaDce and Support ¢o$ts Goveriiance Costs Ullrestrl¢t¢d Tot81 2025 Tot&1 2024 CeRtral Independent Examinerfs remuneration Othei. fces - Pa.011 ctc 1.813 216 1,813 216 900 690 2,029 2,029 1,590 Pa8¢ 12
The Salford Trust Notes to the Fftnancial Statements for the Year Ended 31 March 2025 9 Trll8tees remunerhitlon and expenses No Iruslees, nor any persons connected with them, bavc received any remuneration from the charity during the No truslees have received any rclmbursed expenses from the charity during the year. 10 Slaff ¢o$ts The aggregate pa011 costs were as follows: 2025 2024 Staff Cosls dllrlng the ye9r were: Wages and Salaries 14,031 13,317 The inonthly average number of persons employed by Ihe ¢harity during Ihe year ¢xpr¢ssed as 11 time equivalents w85 as follows: 2025 2024 Administration No employee received emolumcnls of more than £60,0 during the year. 11 TaxatloD The charity is a re8isler¢d charity and is th¢T¢fott exempt from taxation. 12 Debtors 2025 2024 Prepaents 632 557 13 Credltors 2025 2024 Other taxation and social security Accruals 13 950 900 963 900 Page 13
The Sxlford Trust Notes to the Financial Statements for the Year Ended 31 March 2025 14 fiunds Bglance al I Aprll 2024 Incoming resources Resources expended BalAnce At 31 Marcli 202S Unrestrleted funds General 93,978 119,671 63,916 149,733 BalAnce Al I Aprll 2023 Incomlng resourees Resoureei expended Balance at31 Mar¢h 2024 Unrestrleted funds General 56,054 84.535 46.611 93,978 IS Analysls of net assets between funds Unrestrlctod funds GenerAI I'otll funds At 31 March 2025 CuriEnl assets CunEnt Itabilitieg 150,696 963 150,696 963) Total net assets 149,733 149,733 Unrestrlcted funds General Total funds at 31 March 2024 Current asseLs Cunrni liabililies 94,878 (900} 94,878 900 Total net ass¢ts 93,978 93.978 Page 14