**Company Registration Number 05843571 Charity Registration Number 1119133** ## **SALFORD RED DEVILS FOUNDATION** Trustees' Report and Financial Statements For the year ended 30 November 2023 _Page 2 of 18_ ## **SALFORD RED DEVILS FOUNDATION** Trustees' Report and Financial Statements For the year ended 30 November 2023 Directors' 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 Law) have pleasure in presenting their annual report and the financial statements for the year ended 30 November 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) and Reporting by (FRS 102) in preparing the annual report and financial statements of the Charity. ## **CONTENTS** ## **Page** ## **STRATEGIC REVIEW** |**STRATEGIC REVIEW**|| |---|---| |Achievements and performance|3| |Financial review|4| |Future plans|4| ## **GOVERNANCE** |**GOVERNANCE**|| |---|---| |Reference and administrative details|6| |Structure, governance and management|7| |Objectives and activities|7| |Public benefit|7| |Trustees' responsibilities|8| ## **FINANCIAL STATEMENTS** |**FINANCIAL STATEMENTS**|| |---|---| ||9| |Statement of Financial Activities|10| |Balance Sheet|11| |Statement of Cash Flows|12| |Notes to the Financial Statements|13| **SALFORD RED DEVILS FOUNDATION** _Trustees' Report and Financial Statements For the year ended 30 November 2023_ _Page 3 of 18_ ## **SALFORD RED DEVILS FOUNDATION** Trustees' Report and Financial Statements For the year ended 30 November 2023 ## **ACHIEVEMENTS AND PERFORMANCE** ## **Review of the year** 2023 has seen Salford Red Devils Foundation continue to deliver life changing programmes throughout its community whilst continuing to deliver sport, health and wellbeing activities to some of the most deprived areas in the UK. There have been challenges as the heavy reliance on funded bids has seen the overall turnover drop with a manageable deficit shown in this year's accounts. Salford Red Devils Foundation (SRDF) senior management and Trustees remain positive and maintain outstanding working relationships with partners, grant funders, and commissioners. With the return to relative normality in the sport and education sector, covid related funding and bounce back pots are now no longer available, and the organisation is fully focussed on actively seeking new opportunities to achieve the aims and objectives through funded and commercial opportunities. SRDF continues to be at the heart of the community with a tireless commitment to ensure that our local residents have access to services that benefit them. As in previous years SRDF has been able to provide Government Funded HAF Camps to residents across Salford ensuring that the most vulnerable are able to access lunch whilst in a managed environment providing activity and wellbeing sessions. As is always key, the continued sustainability of the foundation is a focus and to continue delivering the successful programmes new funding and commercial opportunities must be sourced and secured. The foundation remains fully solvent and through prudent financial management the next year is looking positive with exciting collaborations in the pipeline. Continued engagement with a bid writing consultant SRDF has been able to maximise opportunities with a good success rate. This year has seen two established members of the team move onto new challenges which has allowed for a new influx of young talent who will become the future of SRDF as the organisation adapts and grows. Coach Core apprenticeship opportunities have again been utilised and the young coaches have been a valued addition to the team. After the success in 2022 of the Salford Red Devils run by SRDF, winning their cup competition and successfully gaining promotion to super league 2, this team has been taken under the club's umbrella. Due to the additional requirements in Super league the decision was taken that the team needed a more professional environment, and this has allowed SRDF to focus more on the development of a girl's pathway and introduction of a college ladies team. The female pathway development programme has seen a marked increase in engagement that will hopefully provide the next generation of Salford Red Devils with international honours well within the reach for several of our Girls. Dual Development Academy has continued to grow in numbers and has been successful both on and off field. Participants on programme are increasingly successful in forging professional contracts on the back of the outstanding coaches nurturing its youth through enhancing their skills. One previous student is now playing full time in Super league for Leeds Rhinos. Another two students have been able to enter the professional rank's after successfully completing their education with SRDF at Eccles Sixth Form College. The Dual College Pathway has continued to attract a high number of boys into the programme alongside the continuing development of the female pathway which has seen Salford Red Devils compete in several festivals. Salford Red Devils Foundation continues to offer services to the most vulnerable in society and has continued to develop and enhance the disability programme delivery. SRDF has been able to increase our offering and has growing teams competing in Physical Disability (PDRL) and Learning Disability (LDSL) competitions. The Wheelchair rugby league team has developed into a large group of participants that will initially play friendlies as and when appropriate. The disability sport element to our delivery is growing exponentially and really does highlight that there is a need locally for activities for participants with disabilities. However it is imperative to source funding and sponsors to sustain the delivery. Enhancing existing and developing new partnerships will hopefully allow the programmes to become fully self-funding ensuring all activities can be delivered free of charge to service users. **SALFORD RED DEVILS FOUNDATION** _Trustees' Report and Financial Statements For the year ended 30 November 2023_ _Page 4 of 18_ ## **SALFORD RED DEVILS FOUNDATION** Trustees' Report and Financial Statements For the year ended 30 November 2023 ## **ACHIEVEMENTS AND PERFORMANCE (continued)** Head of Youth Danny Barton continues to oversee the running of our development pathway and remains involved with the Salford Red Devils reserves team. As part of his continued development Danny has completed the level 4 UKCC coaching course that now puts him alongside some of the highest qualified coaches in the country. A good number of development academy students are regularly involved in the clubs newly established REDS programme for elite players .The club has now regained an Elite Academy Licence, creating an environment of excellence for young players to progress to represent Salford Red Devils in the Super League. Foundation Director Neil Blackburn will continue to work closely with the Club, their board and all stakeholders to ensure that aims and objectives are aligned to ensure that the community is best served by the whole organisation. ## **FINANCIAL REVIEW** The financial position is set out in the attached financial statements. Cash levels were steady at the year-end but we are not complacent. Successful funding bids have been welcome, but these are never guaranteed. SRDF will continue to engage with a bid writing consultant to ensure that all possible opportunities are explored and secured. The commercial team are actively seeking appropriate community focused funds to support the Foundation. ## **FUTURE PLANS** 2024 will be a year of consolidation for SRDF with exciting opportunities to develop new programmes. In Greater Manchester, after taking control of Manchester Rangers Community Foundation new opportunities are being sought... As an important third sector organisation and one of the local area's premier deliverers in the community reputation for excellence can help develop delivery in new areas as well as in existing territory. Funding opportunities are extremely competitive and SRDF needs to continue to be a viable option when sourcing new funds as well as receiving extensions to existing offers. SRDF will continue to utilise partnerships in order to ensure the best possible outcomes for the local community. Joint funding bids will be key to the on-going sustainability for SRDF and working closely with Salford Council looks likely to be important moving forward especially with the upcoming citywide rugby strategy. SRDF is looking to further enhance the schools offering with the introduction of a new school's partner programme as part of the building the future strategy. Schools from across the Greater Manchester area can become partners which will open up the chance for additional paid work. Thanks to the success of our current apprentices who have breathed new enthusiasm to the organisation, SRDF will look to take on a new cohort in 2024 to further add to the delivery team. Working with Coach Core we have secured funding for the apprentices who will be fully supported through their education journey whilst being an important part of the SRDF will continue building new programmes and funded bids to further enhance current delivery while focusing on its strengths as a provider of health wellbeing, sports and education delivery. Partnering with THE RFL and other Foundations within the sport will give additional funding opportunities. All types of activities will continue being sold into education institutions including but not limited to karate, dance and Gymnastics and wellbeing, with 1-1 Mentoring being introduced. Alongside this there will be a programme of free rugby activities for schools. **SALFORD RED DEVILS FOUNDATION** _Trustees' Report and Financial Statements For the year ended 30 November 2023_ _Page 5 of 18_ ## **SALFORD RED DEVILS FOUNDATION** Trustees' Report and Financial Statements For the year ended 30 November 2023 ## **FUTURE PLANS (continued)** After the 2023 refocus on SRDF core areas of Salford, Manchester and Trafford, there is now an opportunity to look at broadening our reach. A contact with schools in the Stockport area has identified new potential and with joining forces with Manchester Rangers Community Foundation gives a wider workforce opportunity to expand. New activity partners getting the opportunity to continue to engage via attending open access festivals and events in the three core delivery areas has broadened our reach and joining forces with other Coach Core providers such as Nuffield Health has strengthened our brand. Additional new partners will be engaged, and new activities will be delivered in partnership with community clubs to ensure a joined-up approach to local rugby league development that delivers increasing participation numbers. There will also be a continued push in the women and girls' delivery as we look to boost numbers for the super league team while also adding partway activities that provided and equivalent to the existing male pathways delivered by SRDF. SRDF will continue to be the community face of Salford Red Devils delivering activities and promoting the Club to the best of its abilities. A new venture will look at the organisations becoming more closely aligned. A renewed focus on increasing participation and promoting match day activities will be key in attempting to increase weekly attendances creating new lifelong fans. SRDF will continue working with the clubs to develop new partnerships and gaining new investment into both organisations targeting specific new funding around Women, PDRL and LDSL teams. SRDF will offer to meet the corporate social responsibilities for club sponsors and any local businesses looking to harness professional sports clubs' power, thus playing an integral role in delivering key local and national wide messages to the local community. Multiple joint funding opportunities will be explored, and the hope is that many new funding streams can be developed for the benefit of both organisations. Super league games will remain as a showcase event to invite local community clubs, youth groups and schools to engage with community activities. Match days and the opportunity to use live elite sport to further enhance delivery programmes gives SRDF a unique vantage for engagement. Across the season SRDF will bring in excess of 2,000 spectators to live **SALFORD RED DEVILS FOUNDATION** _Trustees' Report and Financial Statements For the year ended 30 November 2023_ _Page 6 of 18_ ## **SALFORD RED DEVILS FOUNDATION** Trustees' Report and Financial Statements For the year ended 30 November 2023 ## **REFERENCE AND ADMINISTRATIVE DETAILS** |Charity Name:
Charity Registration:
Company Registration:
Registered Office:
Web-site:
Company Secretary:
Bankers:
Independent Examiner:|Salford Red Devils Foundation
1119133
5843571
Eccles Sixth Form College
Chatsworth Road
Eccles
Manchester
M30 9FJ
www.salfordreddevilsfoundation.co.uk| |---|---| ||Taylored Business Secretaries Limited
Co-operative Bank
PO Box 250
Delf House
Southway
Skelmersdale
WN8 6WT
M G Garrett
Xeinadin
100 Barbirolli Square
Manchester
M2 3DB| Directors and Trustees of the charity who served during the year and to the date of this report were: A P A Snape M Pearson J Lowndes A Latief M Burke P A King A P Morley G T Tapp **SALFORD RED DEVILS FOUNDATION** _Trustees' Report and Financial Statements For the year ended 30 November 2023_ _Page 7 of 18_ ## **SALFORD RED DEVILS FOUNDATION** Trustees' Report and Financial Statements For the year ended 30 November 2023 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing Document** Salford Red Devils Foundation ("SRDF") is a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 31 May 2006 (revised 20 May 2015). It is a charity registered with the Charity Commission on 9 May 2007. ## **Recruitment and appointment of trustees** The subscribers 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 be less than three but shall not be subject to a maximum. At each Annual General Meeting 1/3 of the trustees are subject to retirement by rotation and can be reappointed by the other trustees if he so wishes. ## **Related Parties** The charity is supported by Salford City Reds (2013) Limited ("the Club"), in that it has the facility to utilise the Salford Red Devils brand. ## **OBJECTIVES AND ACTIVITIES** 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 in this clause means land, buildings, equipment and organising sporting activities); - To provide and assist in providing facilities for sport, 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 object 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 trustees are more than satisfied that they do. Further details on the Foundation's activities can be found on the web-site at : www.salfordreddevilsfoundation.co.uk ## **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 benefit guidance published by the Charity Commission. 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 benefits it regularly achieves are more significant and it instead strives to achieve a real difference to lives by helping them back to work, stop smoking, lose weight, become more aware of the dangers of cancer, engage in volunteer opportunities, learn new skills such as driving and much more. **SALFORD RED DEVILS FOUNDATION** _Trustees' Report and Financial Statements For the year ended 30 November 2023_ _Page 8 of 18_ ## **SALFORD RED DEVILS FOUNDATION** Trustees' Report and Financial Statements For the year ended 30 November 2023 The trustees (who are also the directors of Salford Red Devils Foundation for the purpose of company law) are responsible for preparing the Annual Report and 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 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; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate 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. The financial statements comply with current statutory requirements, the company's Memorandum and Articles of Association and the Charities SORP. The Trustees report was approved and signed on behalf of the Trustees by: **Taylored Business Secretaries Limited** Secretary Date : **SALFORD RED DEVILS FOUNDATION** _Trustees' Report and Financial Statements For the year ended 30 November 2023_ _Page 9 of 18_ ## **SALFORD RED DEVILS FOUNDATION** Independent Examiner's Report to the Trustees of Salford Red Devils Foundation For the year ended 30 November 2023 I report to the trustees (who are also Directors for the purpose of company law) on my examination of the financial statements of Salford Red Devils Foundation charitable for the year ended 30 November 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and related notes. ## **Responsibilities and basis of report** As the trustees of charitable company you are responsible for the preparation of the financial statements in accordance > Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Act and are eligible for independent examination, I report in respect of my examination of the charitable financial statements carried out under section 145 of the Charities Act 2011 2011 and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. An independent examination does 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 I express no opinion as to whether the financial statements present a and view and my report is ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or - - the financial statements do not accord with those records; or - the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a and fair view which is not a matter 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 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 financial statements to be reached. ## **Use of my report** This report is made solely to the 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 trustees those matters I 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 responsibility to anyone other than the charity and the trustees as a body, for my work, for this report, or for the opinions I have formed. M G Garrett FCA Xeinadin 100 Barbirolli Square Manchester M2 3DB Date : 28 June 2024 **SALFORD RED DEVILS FOUNDATION** _Trustees' Report and Financial Statements For the year ended 30 November 2023_ _Page 10 of 18_ ## **SALFORD RED DEVILS FOUNDATION** Statement of Financial Activities (including Income and Expenditure Account) For the year ended 30 November 2023 |**Note**
**Income**
**_Donations and legacies_**
**3**
**_Income from charitable activities_**
Provision of community development
-
Grants and contracts
**5**
**_Income from other trading activities_**
Fundraising
**4**
**Total income**
**Expenditure**
**_Costs of raising funds_**
Fundraising
**_Expenditure on charitable activities_**
-
Provision of community development
**6**
-
Governance costs
**7**
**Total expenditure**
**8**
Funds at 1 December 2022
**Total funds at 30 November 2023**
**14**
**Net income (expenditure) and net movement in**
**funds for the year**|**Restricted**
**Unrestricted**
**Total**
Total
**Funds**
**Funds**
**Funds**
Funds
**2023**
**2023**
**2023**
2022
**£**
**£**
**£**
£
**-**
**21,600**
**21,600**
2,783
**178,675**
**-**
**178,675**
264,482
**-**
**14,371**
**14,371**
20,167
**178,675**
**35,971**
**214,646**
287,432
**-**
**11,086**
**11,086**
14,682
**178,675**
**53,587**
**232,262**
264,868
**-**
**11,720**
**11,720**
9,692
**178,675**
**76,393**
**255,068**
289,242
**-**
**(40,422)**
**(40,422)**
(1,810)
**-**
**90,113**
**90,113**
91,923
**-**
**49,691**
**49,691**
90,113| |---|---| The statement of financial activities includes all gains and losses in the year. All income and expenditure derive from continuing activities. **SALFORD RED DEVILS FOUNDATION** _Trustees' Report and Financial Statements For the year ended 30 November 2023_ _Page 11 of 18_ ## **SALFORD RED DEVILS FOUNDATION** |**SALFORD RED DEVILS FOUNDATION**|||_Page_| |---|---|---|---| |Balance Sheet||Company registered no:|**05843571**| |As at 30 November 2023||Charity registered no:|**1119133**| ||**Note**|**2023**|2022| |||**£**|£| |**Fixed assets**|||| |Tangible assets|**11**|**5,691**|8,645| |**Current assets**|||| |Debtors|**12**|**47,627**|35,244| |Cash at bank and in hand||**14,927**|72,036| |**Creditors : amounts falling due within one year**|**13**|**62,554**
**(18,554)**|107,280
(25,812)| |**Net current assets**||**44,000**|81,468| |**Net assets**||**49,691**|90,113| |**Funds**|||| |Restricted funds|**14**|**-**|-| |Unrestricted funds|**14**|**49,691**|90,113| |**Total funds**||**49,691**|90,113| The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 the Companies Act 2006 ("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 responsibility for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 November 2023 and of its surplus or deficit for the year then ended in accordance with the requirements of sections 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' regime . The financial statements on pages 10 to 19 were approved by the Board of Trustees : _A P A Snape_ **Trustee** Date : **SALFORD RED DEVILS FOUNDATION** _Trustees' Report and Financial Statements For the year ended 30 November 2023_ _Page 12 of 18_ ## **SALFORD RED DEVILS FOUNDATION** Statement of Cash Flows For the year ended 30 November 2023 |**Cash flow from operating activities**
**Cash flow from investing activities**
Payments to acquire tangible fixed assets
**Increase/(decrease) in cash and cash equivalents**
**Cash and cash equivalents**
At 1 December 2022
**At 30 November 2023**
**Cash and cash equivalents consists of:**
Cash at bank and in hand
Net income/(expenditure) for year
Depreciation
(Increase) decrease in debtors
Decrease in creditors
Net cash flow from operating activities
**Reconciliation of net income/(expenditure) to net cash flow**
**from operating activities**|**2023**
2022
**£**
£
**(57,109)**
(72,131)
**-**
(3,000)
**(57,109)**
(75,131)
**72,036**
147,167
**14,927**
72,036
**14,927**
72,036
**2023**
2022
**£**
£
**(40,422)**
(1,810)
**2,954**
4,480
**(12,383)**
(27,934)
**(7,258)**
(46,867)
**(57,109)**
( 72,131)| |---|---| **SALFORD RED DEVILS FOUNDATION** _Trustees' Report and Financial Statements For the year ended 30 November 2023_ _Page 13 of 18_ ## **SALFORD RED DEVILS FOUNDATION** Notes to the Financial Statements For the year ended 30 November 2023 ## **1 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 guarantee is limited to £1 per member of the Charity. The address of the registered office is given in the charity information on page 6 of these financial statements. The Charity's operations and principal activities are the provision of education and sports activities. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with the Statement of Recommended Practice : Accounting and Reporting by Charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it applies from 1 January 2019. ## **2 Accounting policies** ## **Basis of accounting** These financial statements are prepared on a going concern basis under the historical cost 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 policies 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 contract income 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 headings that aggregate all costs related to that category. Expenditure includes any VAT which cannot be fully recovered, and is 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: - Costs of generating funds comprise costs associated with attracting voluntary income and the costs of other income generated. - Charitable expenditure comprises direct expenditure including direct staff costs attributable to its activities. Where costs cannot be directly attributable, they have been allocated to activities on a basis consistent with the use of 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 Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. **SALFORD RED DEVILS FOUNDATION** _Trustees' Report and Financial Statements For the year ended 30 November 2023_ _Page 14 of 18_ ## **SALFORD RED DEVILS FOUNDATION** Notes to the Financial Statements For the year ended 30 November 2023 ## **2 Accounting policies (continued)** ## **Tangible fixed assets** Tangible fixed assets costing more than £250 are capitalised and included on the Balance Sheet initially at cost, any related grants being shown as restricted fixed asset funds if appropriate, which fund future depreciation 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 4 years Office furniture & equipment 3 - 10 years ## **Debtors and creditors receivable/payable within one year** Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. ## **Fund balances** Unrestricted funds 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 fit. 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 and administration overheads. ## **Leases** Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities in the year 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. |**3**
**Donations and legacies**
Sundry donations
**4**
**Fundraising**
Events|**Restricted**
**Unrestricted**
**Total**
Total
**2023**
**2023**
**2023**
2022
**£**
**£**
**£**
£
**-**
**21,600**
**21,600**
2,783
**Restricted**
**Unrestricted**
**Total**
Total
**2023**
**2023**
**2023**
2022
**£**
**£**
**£**
£
**-**
**14,371**
**14,371**
20,167| |---|---| **SALFORD RED DEVILS FOUNDATION** _Trustees' Report and Financial Statements For the year ended 30 November 2023_ _Page 15 of 18_ ## **SALFORD RED DEVILS FOUNDATION** Notes to the Financial Statements For the year ended 30 November 2023 |**5**
**Grants and contracts**
ESC Lottery
Salford City College
Schools Sports Delivery
Sponsorship WRL
RFL
RFL LG Development Plan
Kickstart
Postcode Neighbour
Salford City Council
Salford Community
Armed Forces Covenant
Purple WIFI Sponsor PDRL Kit
Heritage Lottery
Workers Educational
Supporters Trust
Veterans Foundation
Cheshire Community
Main Grants
Trafford MBC
Coachcare
OCL New Cluster
University of Salford
Great Places Housing
Heritage Film
Cost of Living Fund|**Restricted**
**Unrestricted**
**Total**
Total
**Funds**
**Funds**
**Funds**
Funds
**2023**
**2023**
**2023**
2022
**£**
**£**
**£**
£
**-**
**-**
**-**
9,650
**28,884**
**-**
**28,884**
33,364
**30,934**
**-**
**30,934**
38,749
**-**
**-**
**-**
6,280
**25,500**
**-**
**25,500**
23,982
**-**
**-**
**-**
15,000
**-**
**-**
**-**
16,774
**-**
**-**
**-**
10,744
**19,995**
**-**
**19,995**
17,132
**12,167**
**-**
**12,167**
16,258
**9,300**
**-**
**9,300**
7,575
**-**
**-**
**-**
840
**24,091**
**-**
**24,091**
20,354
**-**
**-**
**-**
12,883
**-**
**-**
**-**
900
**-**
**-**
**-**
11,667
**-**
**-**
**-**
2,475
**-**
**-**
**-**
9,405
**-**
**-**
**-**
10,450
**5,250**
**-**
**5,250**
-
**1,225**
**-**
**1,225**
-
**700**
**700**
**6,500**
**-**
**6,500**
-
**2,634**
**-**
**2,634**
-
**11,496**
**-**
**11,496**
-
**178,675**
**-**
**178,675**
264,482| |---|---| |**6**
**Expenditure**
Wages
- Community development
- Running costs
Direct costs
Administrative costs
Governance costs|**Charitable**
**TOTAL**
**activities**
**Fundraising**
**2023**
2022
**£**
**£**
**£**
£
**144,622**
**-**
**144,622**
172,897
**27,077**
**2,178**
**29,255**
29,255
**46,050**
**7,741**
**53,791**
63,153
**14,513**
**1,167**
**15,680**
14,245
**11,720**
**-**
**11,720**
9,692
**243,982**
**11,086**
**255,068**
289,242| |---|---| **SALFORD RED DEVILS FOUNDATION** _Trustees' Report and Financial Statements For the year ended 30 November 2023_ _Page 16 of 18_ ## **SALFORD RED DEVILS FOUNDATION** ## Notes to the Financial Statements For the year ended 30 November 2023 |**7**
**Governance costs**
_Unrestricted expenditure_
Company secretarial
Accountancy and independent examination fees
Other professional fees
**8**
**Net income (expenditure) and net movement in funds for the year**
Net income (expenditure) is stated after charging:
Independent examiner's fees
Independent examination fees
Other services
Depreciation of tangible fixed assets
**9**
**Staff costs**
Wages and salaries
Social security costs
Pension costs
The average monthly number of employees during the year was:
No employee received remuneration in excess of £60,000.
Management
Community development|**2023**
2022
**£**
£
**380**
1,581
**4,886**
4,471
**6,454**
3,640
**11,720**
9,692
**2023**
2022
**£**
£
**4,886**
4,471
**475**
676
**2,954**
4,480
**2023**
2022
**£**
£
**162,608**
187,004
**8,302**
12,302
**2,967**
2,846
**173,877**
202,152
**2023**
2022
**Number**
Number
**4**3
**4**4
**8**
7| |---|---| ## **10 Trustee remuneration and expenses** None of the trustees received any remuneration during either of the two years. **SALFORD RED DEVILS FOUNDATION** _Trustees' Report and Financial Statements For the year ended 30 November 2023_ _Page 17 of 18_ ## **SALFORD RED DEVILS FOUNDATION** Notes to the Financial Statements For the year ended 30 November 2023 |**11**
**Tangible fixed assets**
**Cost or valuation**
At 1 December 2022
Additions
Disposals
At 30 November 2023
**Depreciation**
At 1 December 2022
Charge for the year
Disposals
At 30 November 2023
**Net book value**
**At 30 November 2023**
At 30 November 2022
**12**
**Debtors**
Other debtors
Prepayments
Grants receivable
**13**
**Creditors : amounts falling due within one year**
Other taxes and social security costs
Loans
Accruals
Deferred Income|**Motor**
**vehicles**
**£**
8,490
-
-
8,490
6,720
1,770
-
8,490
**-**
1,770|**Office**
**furniture &**
**equipment**
**Total**
**£**
**£**

26,575
35,065

-
-

-
-

26,575
35,065

19,700
26,420

1,184
2,954

-
-

20,884
29,374

**5,691**
**5,691**

6,875
8,645
**2023**
2022
**£**
£
**47,627**
30,382
**-**
4,862
**-**
-
**47,627**
35,244
**2023**
2022
**£**
£
**4,300**
4,912
**-**
-
**8,421**
6,933
**5,833**
13,967
**18,554**
25,812| |---|---|---| **SALFORD RED DEVILS FOUNDATION** _Trustees' Report and Financial Statements For the year ended 30 November 2023_ _Page 18 of 18_ ## **SALFORD RED DEVILS FOUNDATION** ## Notes to the Financial Statements For the year ended 30 November 2023 |**14**
**Movement in funds**
Note
**Restricted funds:**
Schools Sports Delivery
i
Armed Forces Covenant
ii
Coachcare
iii
Cost of Living Fund
Great Places Housing
iv
Heritage Film
Heritage Lottery
v
OCL New Cluster
RFL
vi
Salford City College
vii
Salford City Council
viii
Salford Community
University of Salford
**Unrestricted funds:**
General funds
**Total funds**|**At 1 Dec**
**At 30 Nov**
**2022**
**Income**
**Expenditure**
**2023**
**£**
**£**
**£**
**£**
**-**
30,934
(30,934)
**-**
**-**
9,300
(9,300)
**-**
**-**
5,250
(5,250)
**-**
**-**
11,496
(11,496)
**-**
**-**
6,500
(6,500)
**-**
**-**
2,634
(2,634)
**-**
**-**
24,091
(24,091)
**-**
**-**
1,225
(1,225)
**-**
**-**
25,500
(25,500)
**-**
**-**
28,884
(28,884)
**-**
**-**
19,995
(19,995)
**-**
**-**
12,167
(12,167)
**-**
**-**
700
(700)
**-**
-
178,675
(178,675)
-
90,113
35,971
(76,393)
49,691
**90,113**
**214,646**
**(255,068)**
**49,691**| |---|---| Funds were received from the following to fund specific projects: i Schools coaching delivery ii Veteran's activity programme iii Apprentice contribution funding iv Community inclusion programme v Grant funding RLWC/SRDF heritage exhibition vi NGB led funding development plans vii Community transition viii Community activation ## **15 Related party transactions** The Foundation operates entirely independently of Salford City Reds (2013) Limited ("the Club") but works very closely with it to help maximise income opportunities for both parties. There are agreed recharges of income and expenditure which are intended to be financially neutral for both parties. At the year end there were no outstanding balances either due to or from the Club **SALFORD RED DEVILS FOUNDATION** _Trustees' Report and Financial Statements For the year ended 30 November 2023_ Salford Red Devils Foundation - 2023 Financial Statements Final Audit Report 2024-06-28 Created.. 20244&26 By.. Mike GarTett Irr*kegarr8tt kJOp.oJml Status.. &gn8d Transaction 10.. c8JcHBC￿AAl4x9a&CvBAWm(hJMl4_qDM￿￿omSsSV "Salford Red Devils Foundation - 2023 Financial Statements" Hi story Document Grealed by Mike Garrett 1mikega￿ett@kjgI1p.cQrn) 2024.0fv26. 1.'59.'58 PM GMT . Document emailed lo psnape249@googlemail.o)m for $ignalu 2024-06-26- 2..02..44 PM GMT Email viewed by psnape249@googlemail.com 2024-06-26- 4..35..30 PM GMT Signer psnape249@googlemail.com erblered name at signing as Paul Snape 2024.06-26- 4..37..03 PM GMT Docurnenl e-signed by Paul Snape 1psnape249@googlemail.coml S￿natu￿ Date.. 2024-06-26- 4.'37'.05 PM GMT- T1￿ Sfwrf*." Document emailed lo chrisl1ne@tsyloredbusiness.￿.uk for signature 2024-06-26- 4.'37.'07 PM GMT Email viewed by christine@layloredbusiness.co.uk 2024-06-28- 11..11'.44 GMT Signer chrisline@tayloredbvsiness.co.uk entered name al signing as C Taylor 2024-06-28- 11".12".27 AM GMT Document e-signed by C Taylor Ichrisline@tayloredbu5ine5s.co.uk) SkJnalure Date.. 2024-06-28- 11."32".29 AM GKif-Tme SA*ji￿". se Agreement completed. 2024-06-28- 11'.12..29 GMT Adobe Acrobat Sign