**Charity registration number 1124460**
**Company registration number 06015231 (England and Wales)**
## **SALFORD LOAVES AND FISHES LIMITED**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 NOVEMBER 2022**
## **SALFORD LOAVES AND FISHES LIMITED**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Mr P C Ashton Mrs E M Cursaro Councillor J Warmisham Dr E Whelan Mrs J Whelan H E Mountney (Appointed 11 January 2023) P Mulcahy (Appointed 15 May 2023) Mr J Walsh (Appointed 19 January 2023) **Charity number** 1124460 **Company number** 06015231 **Independent examiner** Barlow Andrews LLP Carlyle House 78 Chorley New Road Bolton **Solicitors** Addleshaw Goddard LLP One St Peter's Square Manchester
## **SALFORD LOAVES AND FISHES LIMITED**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 17|
## **SALFORD LOAVES AND FISHES LIMITED**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 30 NOVEMBER 2022**_
The trustees present their annual report and financial statements for the year ended 30 November 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
## **Objectives and activities**
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake.
The charity's objectives are: to relieve poverty and sickness and to preserve the good health of homeless and disadvantaged people in Salford, in particular, but not exclusively this is done through the provision of a Drop-in Centre and other activities, including:
- Offering a Christian response to the problems of homelessness and vulnerability, providing a welcoming environment and a non-judgmental attitude in the service.
- Providing nutritious meals and shower, shaving and laundry facilities.
- Providing learning and development opportunities, specifically by the provision of a skills for Life Centre providing dedicated courses and activities aimed at employability. Other learning activities available include ESOL (English for Speakers of Other Languages), IT classes and Maths and English tuition.
- In conjunction with Citizens Advice Bureau, providing help and advice on housing, benefits and welfare rights, and on debts and budgeting.
- Working closely with other agencies within the statutory and voluntary sectors to enable appropriate referrals to be made.
- Providing services aimed at providing people with as much independence as possible, giving them the skills, support and resources to allow them to live fulfilling lives.
Unfortunately, what we as a charity and local people are facing now isn’t going to disappear quickly and we know the ripple effects of the current situation will have an impact for several years to come. We are lucky to have a brilliant staff team here who are used to the busy situation we work in and whose expertise ensures people get the support they need in the quickest possible time; we are also working with other local organisations and hosting group sessions on subjects that are affecting the majority of people requiring support so we can ensure we can cope with the increases in demand we face whilst ensuring people are educated and supported regarding the issues they face.
Our main focus for this year was finding out if visitors have any support needs; we have recruited 3 new staff members who will be meeting with all clients and collating data, finding out their needs and then directing them to where they can access required services. Another focus is Skills and Work training; we are part of a pilot programme and we will change the way we work to focus on supporting clients through a bespoke plan and into formal training or work. The programme is expected to last between 1 and 3 years.
We also want to lead by example and be at the forefront of local organisations working with a ‘Trauma Informed Approach’. We are already underway in training and moving our model to deliver our services in this way and lastly, trying to find any ways in which we could become more self-sustainable is a priority. Currently, we are reliant on funding and donations to operate. With income coming in it would alleviate some pressure, as our demand and costs are only going to be increasing year on year.
- 1 -
## **SALFORD LOAVES AND FISHES LIMITED**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2022**_
## **Achievements and performance**
The last 8 months of this financial year were some of the most challenging Salford Loaves and Fishes have ever faced. The pandemic was difficult and the 20% reduction in wages placed many working families beneath the breadline and into debt/poverty; this brought a new community to us who now also require support.
The cost-of-living crisis had a more detrimental effect on the local community and' consequentially, us than the pandemic, as people are facing stagnant incomes with higher bills, raised food costs, increased rents and dramatic fuel rises, as well as many still trying to get out of debt that they accrued due to the pandemic. In 2022 we had over 23,000 visits, a rise of over 8,000 from pre-pandemic levels. Even with the significant demand placed on our services and rises in our own operational costs, we were still able to support anyone who needed help.
We moved to an activities-based approach and each afternoon we have a structured activity, including cooking skills, creativity, gardening and so on. The activities have been well received, with a good attendance at all sessions.
We also joined a new learning, skills and work programme. The programme is financed from the largest funding amount Albert Gubay Foundation has ever given and we are a part of a network of 5 local charities that is facilitated by Salford CVS. We started the programme in January 2023 and have had amazing results already. The programme enables us to utilise resources across all organisations to ensure our community has a bespoke plan to help them gain skills, confidence and move towards employment.
## **Financial review**
The charity reported an increase in the year of £20,724 in unrestricted funds and £85,438 in restricted funds. Fund balances carried forward at the financial year end were £156,499 on unrestricted and £154,575 on restricted.
It is the policy of the charity that free reserves should be maintained at a level equivalent to at least 12 months' expenditure on unrestricted funds. The trustees consider that free reserves of this level should, in the unlikely event of a significant fall in income, provide sufficient funding to enable the ongoing provision of care and support until replacement funding could be found, particularly given the support of The Edward Holt Charitable Trust in the provision of the premises in which we operate the Drop-in Centre.
## **Structure, governance and management**
The charitable company is a company limited by guarantee. It was incorporated on 30 November 2006 and became a registered charity on 10 June 2008. It is established under a Memorandum of Association which established our objects and powers. In the event of the company being wound up, members are required to contribute an amount not exceeding £10.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr P C Ashton Mr B Benhafsi (Resigned 2 May 2023) Mrs E M Cursaro Mrs J Leader (Resigned 6 September 2022) Mrs G Palmer (Resigned 30 November 2022) Mr K Palmer (Resigned 30 November 2022) Sister A Stewart (Resigned 31 December 2021) Mrs T Tierney (Resigned 15 February 2022) Councillor J Warmisham Dr E Whelan Mrs J Whelan H E Mountney (Appointed 11 January 2023) P Mulcahy (Appointed 15 May 2023) Mr J Walsh (Appointed 19 January 2023)
- 2 -
## **SALFORD LOAVES AND FISHES LIMITED**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2022**_
None of the trustees has a beneficial interest in the company. As directors of the company they are also charity trustees under charity law. Directors are appointed on personal recommendation, taking into consideration the skills and experience they will add to different aspects of the organisation.
The trustees' report was approved by the Board of Trustees.
Mr P C Ashton
**Trustee**
22 September 2023
- 3 -
## **SALFORD LOAVES AND FISHES LIMITED**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SALFORD LOAVES AND FISHES LIMITED**
I report to the trustees on my examination of the financial statements of Salford Loaves and Fishes Limited (the charitable company) for the year ended 30 November 2022.
## **Responsibilities and basis of report**
As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). 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.
## **Independent examiner's statement**
Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- 4 the 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.
## **Barlow Andrews LLP**
Carlyle House 78 Chorley New Road Bolton BL1 4BY
Dated: 22 September 2023
- 4 -
## **SALFORD LOAVES AND FISHES LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 30 NOVEMBER 2022**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
100,506
335,625
Charitable activities
**4**
33,345
-
Interest receivable
57
-
Other income
**5**
3,165
-
**Total income**
137,073
335,625
**Expenditure on:**
Charitable activities
**6**
116,349
250,187
**Net income/(expenditure) for**
**the year/**
**Net movement in funds**
20,724
85,438
Fund balances brought forward
135,775
69,137
**Fund balances carried**
**forward**
156,499
154,575|**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2022**
**2021**
**2021**
**£**
**£**
**£**
436,131
124,300
136,158
33,345
22,727
-
57
66
-
3,165
3,642
-
472,698
150,735
136,158
366,536
131,151
184,157
106,162
19,584
(47,999)
204,912
116,191
117,136
311,074
135,775
69,137|**Total**
**2021**
**£**
260,458
22,727
66
3,642
286,893
315,308
(28,415)
233,327
204,912|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 5 -
## **SALFORD LOAVES AND FISHES LIMITED**
## **BALANCE SHEET**
## _**AS AT 30 NOVEMBER 2022**_
|**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**15**
Unrestricted funds|**2022**
**£**
47,258
271,116
318,374
(16,205)|**£**
8,905
302,169
311,074
154,575
156,499
311,074|**2021**
**£**
8,800
203,050
211,850
(18,330)|**£**
11,392
193,520|
|---|---|---|---|---|
|||||204,912|
|||||69,137
135,775|
|||||204,912|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 November 2022.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 22 September 2023
Mr P C Ashton **Trustee**
## **Company registration number 06015231**
- 6 -
## **SALFORD LOAVES AND FISHES LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 NOVEMBER 2022**_
## **1 Accounting policies**
## **Charity information**
Salford Loaves and Fishes Limited is a charity established under a trust deed. The registered office is .
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charitable company's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charitable company is a Public Benefit Entity as defined by FRS 102.
The charitable company has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use and other expenses are allocated based on the portion of floor area that each activity uses.
- 7 -
## **SALFORD LOAVES AND FISHES LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2022**_
## **1 Accounting policies**
**(Continued)**
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements 20% straight line Plant and equipment 25% straight line Fixtures and fittings 20% straight line Computers 25% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
- 8 -
## **SALFORD LOAVES AND FISHES LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2022**_
## **1 Accounting policies**
## **(Continued)**
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Critical accounting estimates and judgements**
In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 9 -
## **SALFORD LOAVES AND FISHES LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2022**_
## **3 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**£**
**£**
Donations and gifts
100,506
335,625
**Donations and gifts**
Salford Community Grant
-
-
Edward Holt Trust
-
25,000
Forever Manchester
-
200
National Lottery
-
98,520
Salford Council
-
47,258
Salford CVS
-
21,000
Society of the Holy Child Jesus
15,000
-
The Booth Charities
-
21,000
500 Campaign
13,492
-
Pret Foundation
-
10,000
Zochonis
-
15,000
ESF Community Grant
-
13,160
Albert Gubay
-
69,358
Garfield Weston
25,000
-
Other
47,014
15,129
100,506
335,625|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2021**
**2021**
**£**
**£**
**£**
436,131
124,300
136,158
-
-
18,253
25,000
-
35,000
200
-
3,500
98,520
-
9,000
47,258
25,000
-
21,000
-
5,480
15,000
25,500
-
21,000
12,827
16,000
13,492
13,545
-
10,000
-
17,100
15,000
-
-
13,160
-
-
69,358
-
-
25,000
-
-
62,143
47,428
31,825
436,131
124,300
136,158|**Total**
**2021**
**£**
260,458|
|---|---|---|
|||18,253
35,000
3,500
9,000
25,000
5,480
25,500
28,827
13,545
17,100
-
-
-
-
79,253|
|||260,458|
- 10 -
## **SALFORD LOAVES AND FISHES LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2022**_
## **4 Charitable activities**
||**2022**|**2021**|
|---|---|---|
||**£**|**£**|
|Rough Sleepers project|33,345|22,727|
|**Other income**|||
||**Unrestricted **|**Unrestricted**|
||**funds**|**funds**|
||**2022**|**2021**|
||**£**|**£**|
|Gift Aid and JRS income|3,165|3,642|
## **5 Other income**
- 11 -
## **SALFORD LOAVES AND FISHES LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2022**_
## **6 Charitable activities**
|**Counselling &**
**supervision**
**Kitchen & drop**
**in centre**
**Administration**
**2022**
**2022**
**2022**
**£**
**£**
**£**
Staff costs
114,207
81,644
55,907
CAB Service & other
advisory
14,532
-
-
Kitchen supplies
12,500
2,816
-
Client activities
3,715
-
-
Volunteer costs
-
-
-
Training
1,291
-
-
Client welfare direct
support
6,988
-
-
153,233
84,460
55,907
Support costs (note 7)
9,617
46,874
10,169
Governance (note 7)
-
-
6,276
162,850
131,334
72,352
**Analysis by fund**
Unrestricted funds
36,444
52,355
27,550
Restricted funds
126,406
78,979
44,802
162,850
131,334
72,352|**Total**
**2022**
**Counselling &**
**supervision**
**Kitchen & drop**
**in centre**
**Administration**
**2021**
**2021**
**2021**
**£**
**£**
**£**
**£**
251,758
72,086
66,358
72,663
14,532
13,273
-
-
15,316
-
7,237
-
3,715
299
-
-
-
3,840
-
-
1,291
435
-
-
6,988
4,477
-
-
293,600
94,410
73,595
72,663
66,660
10,534
49,607
10,658
6,276
-
-
3,841
366,536
104,944
123,202
87,162
116,349
42,061
65,315
23,775
250,187
62,883
57,887
63,387
366,536
104,944
123,202
87,162|**Total**
**2021**
**£**
211,107
13,273
7,237
299
3,840
435
4,477|
|---|---|---|
|||240,668
70,799
3,841|
|||315,308|
|||131,151
184,157|
|||315,308|
- 12 -
## **SALFORD LOAVES AND FISHES LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2022**_
## **7 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Premises
32,579
-
General office expenses
22,128
-
Communications
7,448
-
Depreciation
4,245
-
Bank charges
260
-
Accountancy/examination fees
-
6,276
66,660
6,276
Analysed between
Charitable activities
66,660
6,276|**2022**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
**£**
32,579
23,624
-
22,128
38,053
-
7,448
7,889
-
4,245
959
-
260
274
-
6,276
-
3,841
72,936
70,799
3,841
72,936
70,799
3,841|**2021**
**Basis of allocation**
**£**
23,624
Floor area
38,053
Floor area
7,889
Floor area
959
Usage
274
Floor area
3,841
Governance
74,640
74,640|
|---|---|---|
- 13 -
## **SALFORD LOAVES AND FISHES LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2022**_
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year.
## **9 Employees**
The average monthly number of employees during the year was:
|Counselling, advice and information
Kitchen and drop in centre
Administration
Total
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2022**
**Number**
6
5
3
14
**2022**
**£**
243,097
5,108
3,553
251,758|**2021**
**Number**
3
4
3|
|---|---|---|
|||10|
|||**2021**
**£**
196,091
11,907
3,109|
|||211,107|
The charity operates a stakeholder pension scheme which all the staff have opted to take up.
The key management personnel of the charity comprise the trustees and chief executive officer. During the year the total employment benefits of the key management personnel, including any employer pension contributions, were £12,163 (2021 - £45,158).
There were no employees whose annual remuneration was more than £60,000.
## **10 Related party transactions**
During the year £250 (2021 - £250) has been charged to the charity for web hosting services. These fees were charged by a company of which one of its directors, Mr P C Ashton, is a trustee of the charity. There was no balance owing at year end.
## **11 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
- 14 -
## **SALFORD LOAVES AND FISHES LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2022**_
|**12**
**Tangible fixed assets**
**Leasehold**
**improvements**
**Plant and**
**equipment**
**Fixtures and**
**fittings**
**Computers**
**£**
**£**
**£**
**£**
**Cost**
At 1 December 2021
7,759
16,844
14,968
5,517
Additions
-
-
-
898
At 30 November 2022
7,759
16,844
14,968
6,415
**Depreciation and impairment**
At 1 December 2021
7,759
12,926
9,125
3,886
Depreciation charged in the year
-
546
2,358
481
At 30 November 2022
7,759
13,472
11,483
4,367
**Carrying amount**
At 30 November 2022
-
3,372
3,485
2,048
At 30 November 2021
-
3,918
5,843
1,631
**13**
**Debtors**
**2022**
**Amounts falling due within one year:**
**£**
Prepayments and accrued income
47,258
**14**
**Creditors: amounts falling due within one year**
**2022**
**£**
Other taxation and social security
3,981
Trade creditors
5,613
Other creditors
1,511
Accruals and deferred income
5,100
16,205|**Total**
**£**
45,088
898|
|---|---|
||45,986|
||33,696
3,385|
||37,081|
||8,905|
||11,392|
||**2021**
**£**
8,800|
||**2021**
**£**
7,921
6,770
639
3,000|
||18,330|
- 15 -
## **SALFORD LOAVES AND FISHES LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2022**_
## **15 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
||||**Movement in funds**|**Movement in funds**||**Movement in funds**|**Movement in funds**||
|---|---|---|---|---|---|---|---|---|
||**Balance at**||**Incoming**|**Resources**|**Balance at**|**Incoming**|**Resources**|**Balance at**|
||**1 December**||**resources**|**expended**|**1 December**|**resources**|**expended**|**30 November**|
|||**2020**|||**2021**|||**2022**|
|||**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|Edward Holt|17,475||35,000|(37,892)|14,583|25,000|(25,000)|14,583|
|Forever|||||||||
|Manchester|6,000||3,500|(6,000)|3,500|200|(185)|3,515|
|NLCF|73,661||9,000|(58,107)|24,554|98,520|(51,941)|71,133|
|Salford CVS|20,000||5,480|(20,480)|5,000|21,000|(17,120)|8,880|
|Groundwork|||||||||
|UK||-|2,000|(2,000)|-|-|-|-|
|Pret|||||||||
|Foundation||-|17,100|(9,100)|8,000|10,000|(2,798)|15,202|
|The Booths|||||||||
|Charities||-|16,000|(11,000)|5,000|21,000|(10,000)|16,000|
|Salford|||||||||
|Community|||||||||
|Grant||-|18,253|(13,253)|5,000|-|(5,000)|-|
|Zochonis||-|5,000|(5,000)|-|15,000|(10,000)|5,000|
|Manchester|||||||||
|Guardian||-|3,000|(3,000)|-|-|-|-|
|Sigma||-|6,000|(6,000)|-|-|-|-|
|Delamere|||||||||
|Dairy||-|5,000|(1,500)|3,500|-|(3,500)|-|
|ESF||-|4,775|(4,775)|-|13,160|(13,160)|-|
|Other||-|6,050|(6,050)|-|15,129|(10,620)|4,509|
|Salford MBC||-|-|-|-|47,258|(31,505)|15,753|
|Albert Gubay||-|-|-|-|69,358|(69,358)|-|
||117,136||136,158|(184,157)|69,137|335,625|(250,187)|154,575|
Funds received from Edward Holt Trust, NLCF (the National Lottery Community Fund), Pret Foundation Trust, The Booths Charities, Salford Community Grant, Zochonis Charitable Trust, ESF (the European Social Fund and Employment and Skills Agency), The Albert Gubay Charitable Foundation, Salford MBC (Salford Council Housing Options) were all at least in part to finance various employment positions vital to our operations and activities. Amongst other monies received, funding from Forever Manchester and from Manchester Guardian was towards food parcels, funding from Signa was to help the homeless link and funding from Delamere Dairy Foundation was towards the cooking club.
- 16 -
## **SALFORD LOAVES AND FISHES LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2022**_
|**16**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2022**
**2022**
**Current year**
**£**
**£**
Fund balances at 30 November are represented by:
Tangible assets
8,905
-
Net current assets
147,594
154,575
156,499
154,575
**Unrestricted**
**funds**
**Restricted**
**funds**
**2021**
**2021**
**Previous year**
**£**
**£**
Fund balances at 30 November are represented by:
Tangible assets
11,392
-
Net current assets
97,877
95,643
109,269
95,643|**Total**
**2022**
**£**
8,905
302,169|
|---|---|
||311,074|
||**Total**
**2021**
**£**
11,392
193,520|
||204,912|
- 17 -