Company Reglstratlon Number 05843571 Charlty Reglstratlon Number 1119133 SALFORD RED DEVILS FOUNDATION Trustees, Report and Financial Statements For the year ended 30 November 2021 SAIF•III FOUMDAllOM
SALFORD RED DEVILS FOUNDATION Trustees, Report and Financial Statements For the year ended 30 November 2021 CONTENTS Page Report of the Directors and Trustees l Reference and administrative details 2 Structure, governance and management 3 Objective5 and activitie5 4 Achievements and performance 5 Public benefit 6 Financial review 7 Future plan5 8 Trustee indemnity insurance 9 Trustees, responsibilities Independent Examiner's Report Statement of Financial Activities io 8alance Sheet li Statement of Cash Flows 12 Notes to the Financial Statements 13 Page I
SALFORD RED DEVILS FOUNDATION Trustees, Report and Financial Statements For the year ended 30 November 2021 Oirettors, Report for the purposes of section 417 of the Companies Act 2006 and Trustees. Report for the purposes of part 8 of the Charities Act 2011 The Trustees (who are also the Directors for the purpose of Company Lawl have pleasur& in presenting their annual report and the financial statements for the year ended 30 November 2021. The Trustees have adopted the provision5 of the Statement of Recommended Practice150RPI "Accounting and Reporting by Charities" IFRS 1021 in preparing the annu31 report and financial statements of the Charity. REFERENCE AND ADMINISTRATIVE DETAILS Charity Name.. Salford Red Devils Foundation Charity R&gistration'. 1119133 Company Registration.. $843571 Registered Office.. Eccles Sixth Form College Chatsworth Road Eccles Manchester M30 9FJ Web-site.. www.salfordreddevilsfoundation.co.uk Company Secretary.. Taylored Business Secretaries Limited 8ankers'. Co-operative Bank PO Box 250 Delf House Southway Skelmersdale WN8 6WT Independent Examiner.. M G Garrett Kay Johnson Gee Limited I City R03d East Manch&ster MI54PN Oirettors and Trustees of the charity who served during the year and to the date of this report were.. APASn3pe M Pearson J Lowndes A L3tief M Burke PAKing A P Morley GTTapp appointed 10 December 2020 appointed 11 December 2020 Page 2
SALFORD RED DEVILS FOUNDATION Trustees, Report and Financial Statements For the year ended 30 November 2021 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document Salford Red Devils Foundation I'SRDF l is a cornpany limited by guarantee and is governed by its Memorandum and Articles of Association dated 31 May 2006 Irevised 20 May 20151. It is a charity registered with the Charity Commission on 9 May 2007. Recruitment and appointment of trustees The subscriber5 to the Memorandum are the first trustees of the charity. Membership of the charity is open to trustees of the charity and each trustee will automatically become a member on his or her appointment. Further trustees are elected by the members. The number of trustees shall not b& les5 than three but shall not be subject to a maximurn. At each Annual General Meeting 113 of the trustees are subjett to retirement by rotation and can be reappointed by the other trustees if he so wishes. Related Partles The charity is supported by Salford City Reds120131 Limited I the Club"), in that it has the facility to utilise the Salford Red Devils brand. OBJECTIVES AND A1VITIEs The objectives of the charity are for the benefit of the public generally and, in particular, the inhabitants of Salford, Greater Manchester and Cheshire and their surrounding areas." To promote community participation in healthy recreation by providing facilities for the playing of rugby and other sports capable of improving health I'facilities, in this clause means land, buildings, equipment and organising sporting activities).. To provide and a55lSt in providing facilitie5 for 5POrt. recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the oblt of improving their conditions of life., and To advance the education of children and young people through such means as the trustees think fit and in accordance with the law of charity. Each year the trustees review the objectives and activities of the charity to ensure they continue to reflect our aims and to provide public benefit. The tru5tee5 are rnore than Satisfied that they do. Further details on the Foundation's activities can be found on the web-site at www.salfordreddevilsfoundation.co.uk ACHIEVEMÉNTS AND PERFORMANCÉ Revlew of the year 2021 has again been a challenging year with the Covid 19 pandemic continuing to cause disruption throughout the world. Page 3
SALFORD RED DEVILS FOUNDATION Trustees, Report and Financial Statements For the year ended 30 November 2021 ACHIEVEMENTS AND PERFORMANCE Icontinuedl Review of the year Icontinuedl The collaboration with Salford City Council has seen 5RDF remain active in emergency response, regularly delivering food, medication and other essentials as part of the "Spirit of Salford with the organisation being recognised for its ongoing contribution. SRDF was involved in the delivery of a programme with Salford Clinical Commissioning Group that was nominated for a Greater Manchester Health and Care Champion Award 2021. This programme designed to help social isolation and loneliness saw SRDF staff making 3nd receiving calls from people gre3tly affected by the pandemic with it ultirnately being norninated for a local award. SRDF continue5 to work tireles51y to ensure that we can continue to service our community to the best of our abilities. Additional links have also been established with Trafford Council which has seen SRDF be a primary deliverer ol governm&nt funded Holiday 8Ctivities 8nd food programme IHAFI in designated holidays acros5 Trafford and Salford. The need for such programme5 wa5 highlighted in the media with Marcus Rashford leadinE a campaign to feed school children on free school meals in holidays and while not in school. SRDF senior management and trustees have continued working closely with partners, grant funders, and commissioners to ensure th3t th& Foundation's growth objectives for th& coming years are still achievable with the immediate 5U5tainability Secured. The Foundation remain5 in a fully 501vent position and through prudent financial rnanagement and utilising the extended governmenvs coronavirus job retention scheme to its end, there has been no reduction of staff. There ha5 actually been an important addition to the tearn with a new Equality and Diversity Lead taken on to be the drivin£ force behind the Foundation's new and exciting programmes. 2021 sees the official launch of Salford Red Devils Women's team that will comp&te in the Championship, just under Super League. This 18unch has been possible on the back of rnultiple years ol fernale pathway development which ha5 seen a girl'5 rising stars programme 51t alongside the well-established boy pathway. SRDF has worked hard to continue to engage talented sporting boys and girls through its Academy programme which has an increasingly successful record in nurturing its youth through to professional status. Numerous students have been able to enter the professional ranks after successfully completing their education with SRDF at Eccles Sixth Form College. The Dual College Pathway ha5 continued to attract good numbers throughout the Pandemic and there have been strides taken in the development of the female pathway with a ladies. college team looking to compete in a league from 2023. Recruitrnent for SRDF'5 education prograrnrnes has remained consistent desplte the reduced face-to-face activities throughout long peritsds. Throughout the Pandemic SRDF has b&en able to continue offering services to the most vulnerable in Society and those that have been particularly hard hit by the restrictlons and reduction in services. After seeing first hand the effects, SRDF has been able to increase our offering and now has competing Physical Disability IPDRLI and Learning Disability ILDSLI rugby league team5. The disability sport element to our delivery is growing exponentially and really does highlight that rugby league truly is a sport for all. SRDF is looking towards this developrnent areas sustainability and an as part of this process we are enhancing existing and developing new partnerships to hopefully allow the programme to become fullv self-funding. We feel that this increased provision which we hope you can help support will also increase our participant numbers which could ultimately open up additional revenue streams. Alongside funded projects and grants, opportunities such as sponsorship will allow rhe ongoing delivery of a fantastic programme. Page 4
SALFORD RED DEVILS FOUNDATION Trustees, Report and Financial Statements For the year ended 30 November 2021 ACHIEVEMENTS AND PERFORMANCE Icontinuedl Review of the year Icontinuedl The SRDF Health programmes have again been invaluable through the oneoine disruptions to lives across the community. The Offload programme which was ad8Pted quickly to an online offering e3rly in the year to ensure that our participants were fully 5UPPOrted throughout initial lockdown5 ha5 been able to bring back live 5es5ion5 but our online presence has and will continue. SRDF continues to develop its health offer and is hopinE to be commissioned to deliver an innovative community programme as there is ongoing need to provide servic&s that hav& been inaccessible for so long. The rnale focus of Offload fits into the Salford's Suicide prevention strategy which 15 key to ensure we are aligned to enable the maximurn number of participants to benefit from the programme, especially in such uncertain times as there 8r& large increases in local deaths. This has been sadly highlighted by an individual who sign&d up to SRD Offload programme but tragically took his own life before attending. There ha5 been a fund raiser on hi5 behalf with Monies being donated to help local children build their mental fitness and hopefully help reduce future suicides. Although this year has again been rough, we have managed to keep engagement in our health programmes high. Our targeted over 50's activities has seen a walking rugby team established which sees a regular 15 people att&nd improving health, Wellbeing and mental litne5s. This group has 3150 been able to engage with our funded veteran5' prograrnmes. Thanks to the Veteran Foundation and the veterans covenant funding we have been able to establish sessions that promote health and fitness whilst also increasing partlClP3nts employ3bility with back to work sessions delivered in Stand alone 5es5ions. We would also not exclude anyone from attending our prograrnmes but there 15 alway5 targeted marketing for specific groups, and we have found that the targeted approach is working well with good group numbers. SRDF'S partnership with Eccles Sixth Form College IESFCI is growing in strength as we forrn joint delivery programmes and enhance each other's delivery opportunities. As we enter the final year of the initial contratt we have formally agreed to extend the partnership for a further 3 years. SRDF and ESFC have been successfully re accredited as a Dual Development Academy which is just one of a handful nationwide. Head of Youth Danny 8arton continues to head the running of our development pathway and remains involved with the club's re5erve5 team which has restarted in 2022 after the suspension of the competition in 2000. Multiple current and ex development academy players are to be involved with the reserve's setup which is a fantastic achievement and clearly highlights the pathway to success at Sallord Red Devi15. The Club and SRDF cornpiled an application bid to hopefully be granted the opportunity to run a Category l Academy thèt would sit under the reserves and above the development academy in the player pathway. The bid was comprehensive but due to a number of issues outside SRD control the licence was not granted. However due in part to the fantastic work SRDF ha5 done over the last 7 years in developing local talent and pathways there has been an opportunity for the club to run U'16 and U'18 games this year with a view too hopefully being able to deliver a full programme from 2023. Towards the end of the fiscal year schools and other sporting outlets have started to return to some form of relative normality 3nd th3nks to SRDF'S outstanding track record of high-quality delivery our links remain strong, and we are seeing a return of service demand. It is envisaged that our outstanding school delivery programme will be a growth area and the organization is established as a premier supply of school sports delivery across Greater Manchester, ready to return to our core deliveries. The Rugby League World Cup 2021 15 now scheduled to take place in 2022 as Covid Restrictions meant that it was not possible for multiple teams to travel to the UK. SRDF continues to be a key partner in spreading opportunities to play rugby into additional areas within Greater Manchester. SRDF has been successful in establishing new playing clubs in Stockport and Bolton th3t have competed in the Greater Manchester Developm&nt League. Indeed, the league hès been set up through collaboration with the RFL and SRDF are the founding club helping to develop this concept and we were able to host 2 festivals at the AJ Bell Stadium. The RLWC2021 Legacy programme in the form of Salford Area Development Plan has allowed us to provide additional outreach block5 of activity for free to areas and organisatitsns that have previously missed out on rugby league due to their geographical location. Foundation Director Neil Blackburn continues to work closely with the Club, their board and all stakeholders to ensure that airns and objective5 are aligned to ensure that the community is best served by the whole organisation. Page S
SALFORD RED DEVILS FOUNDATION Trustees, Report and Financial Statements For the year ended 30 November 2021 PUBLIC BENEFIT The Trustees of SRDF believe they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public ben&fit guidance published by the Ch3rity Comrnission. SRDF exists to meet local needs by providing a range of sport, health and educated based activities for the benefit of all across Salford, Greater Manchester and beyond, regardless of background and ability. SRDF strongly believes it operates to provide more than just a positive experience when engaging with the Foundation. The benefit5 It regularly achieves are more significant and it instead strives to achieve a real difference to peoples, lives by helping them back to work, stop smoking, lose weight, become more aware of the dangers of cancer, enBage in volunteer opportunities, learn new skills such a5 driving and rnuch more. FINANCIAL REVIEW Financial review Whilst the pandemic afferted our core business, due to sensible financial management and continuation of the furlough Scheme the financial position of the Foundatlon IS Stable. Cash leve15 were healthy at the year end but we are not complacent. Successful funding bids have been welcome to reduce the impact of Sky Try coming to an end. Reserves Policy The Foundation's policy is to accumulate free reserves in proportion to the risk associated with one or more income streams failing to deliver to profile. The fre& reserves target equates to three months operational costs, which are now considerably smaller than before and are predominantly wage costs. The board ol Trustees has judged this amount to be sufficient to enable the Foundation to effectively manage its affairs. The Trustee5 are confident that the level of free re5erv&5 will continue to increase. Surpluses generated in excess of the reserves target will be reinvested in activities which accord with the Foundation's objective5. FUTURE PLANS This year has again been challenging due to the ongoing impatt that the COVID-19 Pandemic is having. SROF has been able to adapt and continue to serve its community and stakeholders remaining an important third sector organisation and one of the local area'5 prernier deliverers in the community. Havin& in partnership with SRD, engaged a funding consultant, we have been able to rnake several 5ucce55ful bids that will take us into the new fiscal year with the ability to build upon our successes and develop further our outstanding delivery programmes. The current climat& sees an incredibly competitiv& market for receiving funding, but SRDF 15 well positioned to be 5ucce551ul and we continue to build our cornmunity programme5 via funded bids. We are bouncing back Stronger as we are returning to full activities with the ambition now to take on new schools and build up our diverse offer. As an organis3tion it is key for us to evolve and adapt 3nd with this in mind it 15 planned to take on some young 3pprentices who can breathe new enthu5ia5m to the org3ni5ation. SRDF has found success partnering with other third sector organisations to ensure that funders are offered the best possible outcomes for their money and it is believed that partnership work and collaboration is the best way to successfully Source new large-scale funding. Existing partnership5 are well developed but the Foundation 15 always open to working with new organisations such as Manchester Academy of Gymnastics with whom we are currently working. Page 6
SALFORD RED DEVILS FOUNDATION Trustees, Report and Financial Statements For the year ended 30 November 2021 FUTURE PLANS Icontinuedl Recognising the new challenges young people face, we are committed to going further in creating a new'young Trustee, group. It has not been possible to establish this during the pandemic but now is the tim& to put thi5 3mbition into action. SRDF want5 to champion our work with children and young people in Sallord and the Surrounding region and what better way to do this than to give these very people the opportunity to do it with us. This group will be made up of young people from our projerts who will take part in a range of activity that helps inform our future provision to ensure we retain a focus on need5 led delivery and tie5 In with the new apprenticeship opportunities that we will be creating. We are also signed up to the government's Kick Start programme to give opportunities to young people claiming Universal Credit. SRDF will build up new programrnes and funded bids to enhance current delivery while focusing on its strengths as a provider of health wellbeing, 5POrt5 and education delivery. The outstanding schoo15 programme will continue to grow with a newly designed deliver¥ model that will be sold into education institutions along with activities including but not limited to karate, dance and boxing. The Rugby League World Cup 2021 now taking place in 2022 will be a key event to help spread the Rugby League delivery and engagement across the wider Gre8ter Manch&ster area. SRDF delivery in Stockport and Bolton will continue to grow with new club development being the key locus. New partner5 will be engaged and Trafford will see the development of a new partnership seeing 5RDF female pathway joining forced with Trafford MV RFCC to run joint sessions in Trallord. Whilst we will continue delivering a quality offer for players, coaches and volunteers across Salford a5 our core area Greater Manchester deliverie5 will be the legacy delivery plan. SRDF will continue to be the community face of Salford Red Devils delivering activitie5 and promoting the Club to the best of its abilities increasing participation and promoting match day activities. SRDF will continue working with the club's Commercial Director in developing new partnerships and gaining new investment into the organisation targeting specific new funding around Women, PDRL and LDSL teams. SRDF will offer to meet the corporate social responsibilities for club sponsor5 and any local bu5ine5se5 looking to harness professional 5POrts clubs power, thus playing an integral role in delivering key local and national wide messages to the local community. The new season 15 POi5ed to provide SRDF the opportunity return to delivering 'Red Devi15 In the Cornrnunity, events around all first team matches. These exhibitions will include local schools and community clubs providing mascots and flag bearers for each fixture and with their omission for so long, already people are excited to re-engage. Across the Season SRDF will bring in exce55 of 1,500 spectators to live games as part of the'building the future, 5trate8y. TRUSTEE INDEMNITY INSURANCE Indemnity insurance in respect of the trustees has been provided during the year at a cost of £43212020- £4321. Page 7
SALFORD RED DEVILS FOUNDATION Trustees, Report and Financial Statements For the year ended 30 November 2021 TRUSTEES, RESPONSIBIUTIES The trusrees (who are also the directors of Salford Red Devils Foundation for the purpose of company lawl are responsible for pr&paring the Trustees, Annual Report and financial staternents in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pratticel. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of allairs of the charitable company and of the income 8nd exp&nditure, of the ch8ritable company for that period. In preparing these financial statement5, the trustee5 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., and prepare the financial 5tatement5 on the going concern ba515 unle55 It 15 inappropriate to pre5urne that the charitable company will continue in business. The trustees are re5pon5ible for keeping adequate accounting records that di5c105e 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. The fin3ncial statements comply with current statutory requirements. the company's Memorandum and Articles of A550ciation and the Charities SORP. The Trustees report was approved and signed on behalf of the Trustees by.. C Taylor lay 31, 2022 08'.10 GMT+ll Taylored Buslness Secretsrles Llmlled Secretary Date.. 31 May 2022 Page 8
SALFORD RED DEVILS FOUNDATION Independent Examiner's Report to the Trustees of Salford Red Devils Foundation For the year ended 30 November 2021 I report to the tru5tee5 (who are a150 Director5 for the purpose of company lawl on my examination ol the financial statements of Salford Red Devile Foundation I'the charitable companw) for the year ended 30 November 2021 which comprise the Statement of Financial Activities, the Balance Sheet, th& Statement of Cash Flows 8nd related notes. Responsibilities and ba515 of report As the trustees of ch3rit3ble company you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 01 the Act 8nd are eligible for independent examination, I report in respect ol my examination of the charitable compan¢5 financial statements carried out under Section 145 of the Charitie5 Act 20111'the 2011 Act'l and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 1451Sllbl of the 2011 Act. An independent exarnination doe5 not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion as to whether the financial statement5 present a 'true and fair, view and my report is limited to those specific rnatters set out in the independent examiner's statement. Independent examlner's statement Since the charitable company's gross incorne exceeded £250,000 your ex8miner must be a member of a body listed in Section 145 01 the 2011 Act. I confirm that l am qualified to undertake the examination because l arn a member ol the ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the ex3mination giving me cause to believe that in any materi81 reSpt.. accounting records were not kept in respect of the charitable cornpany as required by Section 386 of the 2006 Att.. or the financial statements do not accord with those records,. or the fin3ncial statements do not comply with the accounting r&quirernents of sertion 396 of th& 2006 Act other than any requirernent that the financial statement5 give a 'true and fair view which 15 not a tllatter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for 3ccounting 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 IFRS 1021. I have no concerns and have come across no other matters in connettion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Use of my report Thi5 report is made solely to the charity's trustees, as a body. in accordance with Section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters l am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume re5pon5ibility to anyone other than the charity and the charitV'5 trustees as a body, for my work, lor this report, or for the opinions I have formed. MQlaL M G Garrett FCA Kay Johnson Gee Limited I City Road East Manchester M154PN Oate .. 31 May 2022 Page 9
SALFORD RED DEVILS FOUNDATION Statement of Financial Activities (including Income and Expenditure Account) For the year ended 30 November 2021 Restricted Unrestricted Funds Funds 2021 2021 Total Funds 2021 Total Funds 2020 Note Income Donotions ttndlegacies 8.367 8,367 1,669 Incomefrom thurituble ortivities Provision of community developtnent Grants and contracts 182.435 26.340 208,775 196,626 Incomefrom other trading octffvities Fundraising 3,391 3,391 GovernmentgrantS 71,036 71,036 53,369 Total income 182,435 109,134 291,569 251,664 Expenditure Costs oAruisin9fvnds Fundraising 2.161 2,161 Expenditure on choritoble uctwities Provision ol community development Governance costs 182,43S 48,374 8,233 230,809 8,233 227,171 6.583 Total expendlture 182.435 58,768 241,203 233,754 Net income lexpenditurel and net movement in funds for the year 50,366 50,366 17,909 Funds at l December 2020 41,557 41,557 23,648 Total funds at 30 November 2021 15 91,923 91,923 41,557 The statement of financial activities include5 all gain5 and1055e5 in the year. All incorne and expenditure derive from continuing activitie5. Page 10
SALFORD RED DEVILS FOUNDATION Company reglstered no.. 05843571 Charity registered no: 1119133 Balance Sheet As at 30 November 2021 Note 2021 2020 Fixed assets Tangible assets 12 10.12S 14,280 Current asset5 Debtor5 Cash at bank and in hand 7,310 147.167 10,123 57,579 154A77 67,702 Creditor5: amounts falling due within one year 172.6791 140.4251 Net current assets 81,798 27,277 Net assets 91.923 41,557 Funds Restricted funds Unrestricted funds 15 15 91.923 41,557 Total funds 91.923 41,557 The directors consider that the company is entitled to &xemption from the requirement to have an audit under the provi510n5 of Section 477 the Companie5 Act 20061 the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. The directors acknowledge their responsibilitv for ensuring that the company keeps accounting records which comply with sertion 386 01 the Act and for preparing financial 5tatement5 which give a true and fair view of the State of affair5 of the company a5 at 30 November 2021 and of its surplus or deficit for the year then ended in accordance with the requirements of settions 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to the financial statements so far as applicable to the company. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, r&gime The financial statements on pages 10 to 18 were approved by the Board of Trustees APASnope Trustee Date '. 31 May 2022 Page 11
SALFORD RED DEVILS FOUNDATION Statement of Cash Flows For the year ended 30 November 2021 2021 2020 Cash flow from operating activities 89.913 42,118 Cash flow from investing activities Payments to acquire tangible fixed assets Disposal of fixed assets 132SI Increaselldecreasel In cash and cash equlvalents 89,588 42,118 Cash and cash equivalents At l December 2020 57,579 15,461 At 30 November 2021 147,167 57,579 Cash and cash equlvalents ¢onslsts of: Cash at bank and in hand 147,167 57,579 Reconciliation of net incomellexpenditurel to net cash flow from operating activities Net incomellexpenditurel for year Depreciation Ilncrea5el decrease in debtor5 Decrease in creditor5 2021 2020 50,366 4,480 2,813 32,254 17,909 4,447 5,606 14,156 Net cash flow from operating activities 89,913 42,118 Page 12
SALFORD RED DEVILS FOUNDATION Notes to the Financial Statements For the year ended 30 November 2021 General information Salford Red Devils Foundation Limited is a registered charity and a company limited by guarantee in the United Kingdom. In the event of the Charity being wound up, the liability in respect of the guarant&e is limited to £1 per member of the Charity. The addre55 of the registered office is given in the charity inlortnation on paBe 2 of these financial statements. The Charity's operations and principal attivities are the provision of education and sports The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporring by Charities.. statement of Recommended Practice applicable to charities preparing 3ccounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir&land IFRS 1021 issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Art 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it applies frorn l January 2015. Accounting policies Basls of a¢countln8 These financial 5tatement5 are prepared on a going concern basi5 under the historical c05t convention, modified to include certain items at fair value. The financial statements are prepared in the functional currency of the Charity. The significant accounting policies applied in the preparation of these financial statements are set out below. These polici&5 have been consistently applied to all years presented unless Otherwise Stated. Income Income from donations is included in the financial statements for the period in which payment was received. Investment income comprises of interest. and is accounted for on a receivable basis. Grants and contratt incorne receivable is credited to the SOFA in the period in which the charity becomes entitled to receive the grant. Grants which are for a specific future period are deferred to that period. Expenditure All expenditure is accounted for on an accruals basis and has been classified under he8dings that aggregate all costs related to that category. Expenditure include5 any VAT which cannot be fully recovered, and 15 reported as part of the expenditure to which it relates. Expenditure is recognised when it is incurred and is reported gross of related income on the following basis.. Cost5 01 g&nerating funds comprise cost5 associated with attracting voluntary incorne and the costs ol other income generated. Charitable expenditure comprises direct expenditure including direct staff costs attriburable to its activities. Where costs cannot be directly attributable, they have been allocated to activities on a b8sis consistent with th& us& ol those resources. Governance costs, including those incurred in the governance of its assets and are directly associated with constitutional and statutory requirements. Tax The Charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Par3graph I Schedule 6 Fin3nc& Act 2010 and therefore it meets the d&finition ol a charitable cotnpany for UK corporation tax purposes. Page 13
SALFORD RED DEVILS FOUNDATION Notes to the Financial Statements For the year ended 30 November 2021 Accounting policies Icontinuedl Tangible fixed assets TanEible fixed assets costing more than £250 are capitalised and included on the Balance sheet initially at cost, anv related grants being shown as restricted fixed 8sset funds if appropriat&. which fund future d&preci8tion of the assets. Donated assets are included at an estimated value at the date of acquisition. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life as follows.. Motor vehicles Office furniture & equipment 4 years 3- 10 years Debtors and credltors recefvablelpayable wlthln one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any105ses arising from impairment are recognised in expenditure. Fund balan¢es Unrestricted fund5 are incoming resources receivable or generated for the objects of the charity, without restriction. and are available as general funds to be applied as the charity sees lit. Restricted funds are to be used for a specific purpose as stipulated by the donor. Expenditure within this criterion is charged to the fund, together with a fair allocation of management 8nd adrninistration overheads. Leases Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to the St3tement of Fin3ncial Activities in th& ye3r in which they accrue. Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. Donatlons and le8acles Restriued Unresrrfcied Total 20ZI Total 2020 Z021 2021 Sundry donations 8,367 8,367 1.669 Fundraising Re5tri£ted Unrestricted Total Tot31 2021 2021 2021 2020 Events 3,391 3,391 Page 14
SALFORD RED DEVILS FOUNDATION Notes to the Financial Statements For the year ended 30 November 2021 Grants and contracts Re5tricled Unrestricted Funds Funds 2021 2021 Total Funds 2021 Total Funds 2020 ESC Lotterv Salford City College Covid-19 Projett Schools sports Delivery RL Cares RFL Sky Try 8ury M8C Postcode Neighbour Sallord City Council Sallord Comrnunity Armed Force5 Covenant Heritage Lotterv Worker5 Educational Supporter5 Trust Veterans Foundation Cheshire Comrnunity Trafford MBC 3,575 3,575 26,340 9,600 24,003 1,510 20,289 60,170 1,820 3,581 10,259 14,000 6,782 4,071 2,842 925 2,333 7.475 9.200 26,340 31,608 9,6Tr) 24,C(13 1,510 20,289 60,170 1,820 3,581 10.259 24,066 10,355 104,714 20,426 4,957 6.782 4,071 2,842 925 2,333 7.475 9.200 500 182,435 26,340 208,775 196,626 Government grants Restriued Unrestrfcied Total 20ZI Total 2020 2021 2021 Furlough income 71,036 71,036 53,369 Expenditure Charitable activities TOTAL 2021 Fumdraisine 2020 Wages - Comrnunity development Running costs Direct Costs Administrative costs Governance costs 141.443 28,787 46,469 14,110 8.233 141,443 29,255 47,933 14.339 8.233 161,929 29,255 22,073 13,914 6,583 229 239.042 2,161 241,203 233,754 Page 15
SALFORD RED DEVILS FOUNDATION Notes to the Financial Statements For the year ended 30 November 2021 Governan costs 2021 2020 Unrestricted expenditure Company secretarial Accountancy and independent examination fees Other profession31 fees 527 4.040 3,666 830 4,000 1,753 8,233 6,583 Net In¢ome lexpendlturel and net movement In funds for the year 2021 2020 Net income lexpenditurel is stated after charging.. Independent examiner's fees Independent examination fees Other 5ervice5 Depreciation of tangible fixed as5et5 4,000 1,623 4,447 3,666 4.480 10 Stsff costs 2011 2020 Wages and salaries Social security costs Pension costs 155,550 12,302 2,846 173,824 14,100 3.260 170,698 191,184 The aver8ge monthly number of employees during the year w8S'. 2021 Number 2020 Number Management Community development No employee received rernuneration in excess of £60,000. 11 Trustee remuneration and expenses None of the trustees received any remuneration during either of the two years. Paze 16
SALFORD RED DEVILS FOUNDATION Notes to the Financial Statements For the year ended 30 November 2021 12 Tangible fixed assets Office lurniture & Motor vehicle5 equipment Total Cost or valuation At l December 2020 Additions Disp05als 8,490 23,250 325 31,740 325 At 30 November 2021 8,490 23,575 32,065 Depreciation At l December 2020 Charge lor the y&ar 0i5P05a15 2,476 2,122 14,984 2,358 17,460 4.480 At 30 November 2021 4,598 17,342 21,940 Net book value At 30 November 2021 3,892 6,233 10.125 At 30 November 2020 6,014 8,266 14,280 13 Debtors 20ZI 2020 Other debtors Prepayments Grants receivable 7.310 7,489 2.634 7,310 10,123 14 Credltors amounts falllng due wlthln one year 2021 2020 Other taxes and social security costs Loans Accrua15 Deferred Income 4,096 5,836 16,447 52,136 3,801 30,788 72,679 40,425 Page 17
SALFORD RED DEVILS FOUNDATION Notes to the Financial Statements For the year ended 30 November 2021 15 Movement in fund5 AtIDec 2020 At 30 Nov 2021 Note Income Expenditure Restricted funds: ESC Lottery Covid-19 Project Schools Sports Oelivery RL Cares RFL Sky Trv Bury MBC Postcode Neighbour Salford City Council Salford Cornrnunity Armed Forces Covenant Heritage Lottery Worker5 Educ3tional Supporters Trust Veterans Foundation Cheshire Community Trafford M8C 3,575 9,600 24,003 1,510 20,289 60,170 1,820 3,581 10,259 14,(M)O 6,782 4,071 2.842 925 2,333 7,475 9,200 13,5751 19,6001 124,0031 11,5101 120,2891 160,1701 11,8201 13,5811 110,2591 114,0001 16,7821 14,0711 12,8421 19251 12,3331 17,4751 19,2001 iv. 182,435 1182,4351 Unrestrlrted funds.. Gener31 fund5 41,557 109,134 158,7681 91,923 Total funds 41.557 291,569 1241.2031 91,9Z3 Fund5 were received frotn the following to fund Specific project5.. Covid 19 Project- Sport Eng13nd Back to Activity Schools delivery- bespoke packages of delivery featuring activities including rugby* karate and dance. RFL- Sport England Participation Development Plan Sky Try funding- NG8 led lor multi faceted schools programme to increase participation. Salford City Council Holiday Camps, Hunger delivery Salford Community- CVS local delivery- mental health, disability, special needs vii. Armed Forces Covenant- specific targeted programme viii. Heritage Lortery- RL World Cup based Workers Educational- Back to Work programmes Cheshire Community- World Cup related Trafford MBC- Children's summer camps 16 Related party transattions The Foundation operates entirely independently of Salford City Reds120131 Limited I'the Club") but wtsrks very closelv with it to help maximise income opportunities for both parties. There are agreed recharges of income and expenditure which are intended to be financi311y neutral for t>oth parties. At the year end there were no outstanding balance5 either due to or from the Club Paze 18