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← Salford Loaves And Fishes Ltd

2024-11-30-accounts

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 2024

SALFORD LOAVES AND FISHES LIMITED LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr P C Ashton
Mrs E M Cursaro
Councillor J Warmisham (Resigned 15 January 2025)
H E Mountney (Appointed 11 January 2023)
Mr J Walsh (Appointed 19 January 2023)
Charity number 1124460
Company number 06015231
Independent examiner Matthew Whiteley
Whiteley Accountancy Services LLP
14 Warwick Road
Stockport
SK4 4LY
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 fnancial activities 5
Balance sheet 6
Statement of cash fows 7
Notes to the fnancial statements 8 – 21

SALFORD LOAVES AND FISHES LIMITED

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2024

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) (e�ective 1 January 2019).

Objectives and activities

Objectives

The charity’s objectives are to relieve poverty, hunger and sickness and preserve and protect the good health, physical and mental well-being of homeless, disadvantaged and vulnerable people in Salford and its surrounding area. We also aim to assist those we help to achieve their potential through education, mentoring and activities.

We operate a Drop-In Centre at 1 Paddington Close, and a Skills for Life Centre at 3 Paddington Close, o�ering classes, training and tailored support.

Activities

At the Drop-In Centre we welcome all demographics and o�er practical and trauma-informed support, meals, shower and laundry facilities, clothing, and emergency provisions. In 2024, we saw 23,613 visits across 246 sessions, an annual average of 96 people a day. We registered 2,507 new people, an average of 208 each month.

2024 was a year of increased demand and expanded partnerships. Visitor numbers rose by 2,856 compared to 2023, and by 5,080 from pre-pandemic figures.

We host on-site NHS services, optician clinics, Salford Foodbank sessions, Citizens Advice Bureau one to one advice; Salford Council housing team visits, Greater Manchester Health drug and alcohol services, BBV testing and counselling. The Council’s welfare hub team is now based with us weekly.

Furthering our holistic approach for our service users, we added new weekly services, including an NHS diagnostic clinic, Citizens Advice Bureau debt sessions, a flexible learning hub, and refugee/asylum seeker appointments. We launched our first evening takeaway food provision with Feed My City .

Cultural and community engagement included art projects, performances, exhibitions, and trips to local and regional venues.

The Skills for Life Centre supports community members into employment, delivering accredited courses, digital inclusion sessions, job clubs and bespoke employment plans. Through the Learning, Work and Skills Programme, we helped over 200 people move towards work, gaining new skills, qualifications and confidence.

1

SALFORD LOAVES AND FISHES LIMITED

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

We also delivered a wide range of activities and cultural trips during the year through programmes such as Whose Art, Whose Culture and our ongoing gardening partnership with RHS Bridgewater. Notable new partnerships in 2024 included Revive UK, Community Upskilling, Pendleton Together and Salix Homes.

Financial

We have continued to manage reserves carefully, aiming to maintain 12 months’ unrestricted expenditure to protect services given our lack of guaranteed annual income which is not assured year by year.

Plans for future periods

We will:

Structure, governance and management

The charitable company is limited by guarantee, incorporated on 30 November 2006 and registered as a charity on 10 June 2008.

Trustees are appointed by the Board and receive induction and information on their legal responsibilities. The Board meets every two months, with occasional decisions between meetings when necessary.

Day-to-day operations are delegated to the Chief Executive O�icer, Jennifer-Anne Smith. The salary of the CEO is set by the Board.

The trustees’ report was approved by the Board of Trustees and signed on its behalf by:

Mr P C Ashton

Trustee

Date: 13 August 2025

2

SALFORD LOAVES AND FISHES LIMITED

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

FOR THE YEAR ENDED 30 NOVEMBER 2024

The trustees, who are also the directors of Salford Loaves and Fishes Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

fair view of the state of a�airs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

charitable company will continue in operation.

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.

3

SALFORD LOAVES AND FISHES LIMITED

INDEPENDENT EXAMINERS’S REPORT

TO THE TRUSTEES OF SALFORD LOAVES AND FISHES LIMITED

charitable company) for the year ended 30 November 2024.

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).

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 ICAEW which is one of the listed bodies.

examination giving me cause to believe that in any material respect:

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.

Matthew Whiteley

Whiteley Accountancy Services LLP 14 Warwick Road Stockport SK4 4LY

Date: 13 August 2025

4

SALFORD LOAVES AND FISHES LIMITED

STATEMENT OF FINANCIAL ACTVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 NOVEMBER 2024

Notes
Income from:
Donations and legacies
3
Charitable activities
4
Interest receivable
5
Other income
6
Total income
Expenditure on:
Charitable activities
7
Net income for the year/
Net movement in funds
Fund balances brought forward
Fund balances carried forward		 Unrestricted
funds
2024
£
210,013
17,604
2,188
-
229,805
89,174
140,631
196,422
337,053		 Restricted
funds
2024
£
402,770
-
-
-
402,770
384,442
18,328
182,083
200,411		 Total
2024
£
612,783
17,604
2,188
-
632,575
473,616
158,959
378,505
537,464		 Unrestricted
funds
2023
£
61,779
17,582
198
246
79,805
39,882
39,923
156,499
196,422		 Restricted
funds
Total
2023
2023
£
£
422,265
484,044
-
17,582
-
198
-
246
422,265
502,070
394,757
434,639
27,508
67,431
154,575
311,074
182,083
378,505

expenditure derive from continuing activities.

under the Companies Act 2006.

5

SALFORD LOAVES AND FISHES LIMITED

BALANCE SHEET

AS AT 30 NOVEMBER 2024

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
16
Unrestricted funds		 £
£
17,373
45,752
505,305
551,058
(30,966)
520,091
537,464
200,411
337,053
537,464
2024		 £
£
20,799
180
385,846
386,026
(28,320)
357,706
378,505
182,083
196,422
378,505
2023		 £
£
20,799
180
385,846
386,026
(28,320)
357,706
378,505
182,083
196,422
378,505
2023
378,505
182,083
196,422
378,505

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 2024.

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.

in accordance with section 476.

subject to the small companies regime.

Mr P C Ashton Trustee

Company registration number 06015231

6

SALFORD LOAVES AND FISHES LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 NOVEMBER 2024

Notes
Cash flows from operating activities
Cash generated from operations
20
Investing activities
Purchase of tangible fixed assets
Investment received
Net cash used in investing activities
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 £
£
121,274
(4,003)
2,188
(1,815)
-
119,459
385,846
505,305
2024		 £
£
131,419
(16,888)
199
(16,689)
-
114,730
271,116
385,846
2023

7

SALFORD LOAVES AND FISHES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

1 Accounting policies

Charity information

Salford Loaves and Fishes Limited is a charity established under a trust deed. The registered o�ice is 1 Paddington Close, Salford, England, M6 5PL.

1.1 Accounting convention

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)" (e�ective 1 January 2019). The charitable company is a Public Benefit Entity as defined by FRS 102.

1.2 Going concern

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

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

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.

8

1.5 Expenditure

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.

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 sta� 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.

1.6

of depreciation and any impairment losses.

Depreciation is recognised so as to write o� 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 di�erence between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7

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 su�ered 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’

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

when there is a legally enforceable right to set o� the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

9

transaction price including transaction costs and are subsequently carried at amortised cost using the e�ective 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.

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.

1.10

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

demonstrably committed to terminate the employment of an employee or to provide termination

1.11

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 di�er 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 a�ects only that period, or in the period of the revision and future periods where the revision a�ects both current and future periods.

10

SALFORD LOAVES AND FISHES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

3 Donations and legacies

Donations and gifts
Donations and gifts
Edward Holt Trust
Forever Manchester
National Lottery
Salford Council
Salford CVS
Society of the Holy Child Jesus
The Booth Charities
500 Campaign
Zochonis
Albert Gubay
Garfeld Weston
Salford Ceremonial
St Antony’s Centre
Clarion Housing
High Sheri�
Salford Community Leisure
Salix Homes
Other		 Unrestricted
Funds
2024
£
210,013
-
-
-
75,000
-
-
-
13,487
-
-
30,000
-
-
-
-
-
-
91,526
210,013		 Restricted
Funds
2024
£
402,770
-
125
108,712
-
23,660
2,000
24,100
-
15,000
171,940
-
-
25,000
12,260
3,600
6,000
8,860
1,513
402,770		 Total
Funds
2024
£
612.783
-
125
108,712
75,000
23,660
2,000
24,100
13,487
15,000
171,940
30,000
-
25,000
12,260
3,600
6,000
8,860
93,039
612,783		 Unrestricted
Funds
2023
£
61,779
-
-
-
-
-
-
-
13,728
-
-
-
13,856
-
-
-
-
-
34,195
61,779		 Restricted
Funds
2023
£
422,265
15,000
-
77,964
55,817
130,000
-
24,100
-
25,000
70,530
-
-
-
-
-
-
-
23,854
422,265		 Total
Funds
2023
£
484,044
15,000
-
77,964
55,817
130,000
-
24,100
13,728
25,000
70,530
-
13,856
-
-
-
-
-
58,049
484,044

11

SALFORD LOAVES AND FISHES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

4 Income from charitable activities

ncome from charitable activities
Unrestricted Unrestricted
Funds Funds
2024 2023
£ £
Rough sleepers project 17,604 17,582

5 Income from investments

5
Income from investments
Interest receivable
6
Other income		 Unrestricted
Funds
2024
£
2,188		 Unrestricted
Funds
2023
£
198
Other income
Unrestricted Unrestricted
Funds Funds
2024 2023
£ £
Gift Aid and other income - 246

12

SALFORD LOAVES AND FISHES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

7 Charitable activities

Staff costs
CAB Service & other advisory
Kitchen supplies
Client activities
Training
Client welfare direct supprt
Support costs (note 8)
Governance (note 8)
Analysis by fund
Unrestricted funds
Restricted funds		 Counselling &
supervision
2024
£
143,181
17,076
15,742
11,391
2,462
11,216
201,067
9,860
210,928
41,384
169,544
210,928		 Kitchen & drop
in centre
2024
£
88,995
-
-
-
-
-
88,995
48,522
137,517
45,658
91,860
137,517		 Administration
2024
£
111,034
-
-
-
-
-
111,034
10,491
3,646
125,171
2,133
123,038
125,171		 Total
2024
£
343,210
17,076
15,742
11,391
2,462
11,216
401,097
68,873
3,646
473,616
89,174
384,442
473,616		 Counselling &
supervision
2023
£
116,257
25,360
12,544
6,435
2,606
4,571
167,773
10,504
-
178,277
28,339
149,938
178,277		 Kitchen & drop
in centre
2023
£
102,017
-
-
-
-
-
102,017
51,366
-
153,383
4,089
149,294
153,383		 Administration
2023
£
85,394
-
-
-
-
-
85,394
11,153
6,432
102,979
7,454
95,525
102,979		 Total
2023
£
303,668
25,360
12,544
6,435
2,606
4,571
355,184
73,023
6,432
434,639
39,882
394,757
434,639

13

SALFORD LOAVES AND FISHES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

8 Support costs allocated to activities


Support costs allocated to activities
Basis of allocation
Premises
Floor area
General o�ice expenses
Floor area
Communications
Floor area
Depreciation
Usage
Bank Charges
Floor area
Governance		 Counselling &
supervision
2024
£
5,129
3,267
785
598
81
-
9,860		 Kitchen & drop
in centre
2024
£
23,684
15,246
3,660
5,549
383
-
48,522		 Administration
2024
£
5,075
3,267
784
1,282
82
3,646
14,137		 Total
2024
£
33,888
21,780
5,229
7,429
547
3,646
72,519		 Total
2023
£
34,949
25,247
7,343
4,993
491
6,432
79,455

14

SALFORD LOAVES AND FISHES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

9 Trustees

the charitable company during the year.

10 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		 2024
Number
7
4
4
15
2024
£
316,463
19,929
6,818
343,210		 2023
Number
6
4
4
14
2023
£
281,253
16,384
6,031
303,668

The charity operates a stakeholder pension scheme which all the sta� have opted to take up.

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The key management personnel of the charity are the trustees and the Chief Executive O�icer. During the year the total employee benefits of key management personnel, including any employer pension contributions, was £48,563 (2023: £53,232).

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 Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

15

SALFORD LOAVES AND FISHES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

12

Cost
At 1 December 2023
Additions
At 30 November 2024
Depreciation and
impairment
At 1 December 2023
Depreciation charged
in the year
At 30 November 2024
Carrying amount
At 30 November 2024
At 30 November 2023		 Leasehold
improvements
£
7,759
-
7,759
7,759
-
7,759
-
-		 Plant and
equipment
£
23,291
1,407
24,698
15,312
4,093
19,405
5,293
7,979		 Fixture
and
fttings
£
22,237
2,596
24,833
13,464
1,899
15,363
9,470
8,773		 Computers
£
9,587
-
9,587
5,540
1,438
6,978
2,610
4,047		 Total
£
62,874
4,003
66,877
42,075
7,429
49,504
17,372
20,799

13 Debtors

Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
reditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2024
£
45,752
-
45,752
2024
£
5,973
10,862
5,979
8,152
30,966		 2023
£
180
-
180
2023
£
5,296
16,081
1,591
5,352
28,320

14 Creditors: amounts falling due within one year

16

SALFORD LOAVES AND FISHES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

15
Retirement beneft schemes
Defned contribution schemes
Charge to proft or loss in respect of defned contribution schemes		 2024
£
6,818		 2023
£
6,031

The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

17

SALFORD LOAVES AND FISHES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

16 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Current year:
Edward Holt Trust
Forever Manchester
National Lottery Community Fund
Salford CVS
Pret Foundation
The Booths Charities
Zochonis Charitable Trust
Other
Salford MBC
Society of the Holy Child Jesus
St Antony’s Centre
Clarion Housing
High Sheri�
Salford Community Leisure
Salix Homes
Albert Gubay Charitable Foundation		 At 1
December
2023
£
9,583
3,515
54,806
47,861
7,202
10,000
5,000
28,363
15,753
-
-
-
-
-
-
-
182,083		 Incoming
resources
£
-
125
108,712
23,660
-
24,100
15,000
1,513
-
2,000
25,000
12,260
3,600
6,000
8,860
171,940
402,770		 Resources
expended
£
(9,583)
(3,640)
(78,712)
(15,853)
(311)
(24,100)
(15,000)
(1,013)
(15,753)
(2,000)
(25,000)
(10,643)
(2,400)
(3,627)
(4,867)
(171,940)
(384,442)		 At 30
November
2024
£
-
-
84,806
55,668
6,891
10,000
5,000
28,863
-
-
-
1,617
1,200
2,373
3,993
-
200,411
Previous year:
Edward Holt Trust
Forever Manchester
National Lottery Community Fund
Salford CVS
Pret Foundation
The Booths Charities
Zochonis Charitable Trust
Other
Salford MBC
Albert Gubay Charitable Foundation		 At 1
December
2022
£
14,583
3,515
71,133
8,880
15,202
16,000
5,000
4,509
15,753
-
154,575		 Incoming
resources
£
15,000
-
77,964
130,000
-
24,100
25,000
23,854
55,817
70,530
422,265		 Resources
expended
£
(20,000)
-
(94,291)
(91,019)
(8,000)
(30,100)
(25,000)
-
(55,817)
(70,530)
(394,757)		 At 30
November
2023
£
9,583
3,515
54,806
47,861
7,202
10,000
5,000
28,363
15,753
-
182,083

18

SALFORD LOAVES AND FISHES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

16 Restricted funds

(Continued)

Funds received from Edward Holt Trust, National Lottery Community Fund, The Booths Charities, St Antony’s Centre, Zochonis Charitable Trust, The Albert Gubay Charitable Foundation and Salford MBC (Salford Council Housing Options) were all at least in part to finance various employment positions vital to our operations and activities.

Grant income from Salford CVS in 22/23 includes £100,000 in relation to Salford VCSE Learning, Skills and Work programme, being year 1 of a 3 year programme aimed at helping those most in need in Salford.

17 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

Current year:
General funds
Previous year:
General funds		 At 1
December
2023
£
196,422
At 1
December
2022
£
156,499		 Incoming
resources
£
229,805
Incoming
resources
£
79,805		 Resources
expended
£
(89,174)
Resources
expended
£
(39,882)		 At 30
November
2024
£
337,053
At 30
November
2023
£
196,422

19

SALFORD LOAVES AND FISHES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

18 Analysis of net assets between funds

Unrestricted
funds
2024
Current year:
£
Fund balances at 30 November are represented by:
Tangible assets
17,373
Net current assets
319,680
337,053
Unrestricted
funds
2023
Previous year:
£
Fund balances at 30 November are represented by:
Tangible assets
20,799
Net current assets
175,623
196,422		 Restricted
funds
2024
£
-
200,411
200,411
Restricted
funds
2023
£
-
182,083
182,083		 Total
2024
£
17,373
520,091
537,464
Total
2023
£
20,799
357,706
378,505

19 Related party transactions

During the year £250 (2023 - £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.

20 Cash generated from operations

Surplus for the year
Adjustments for:
Investment income recognised in statement of fnancial activities
Depreciation and impairment of tangible fxed assets
Movements in working capital:
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Cash generated from operations		 2024
£
158,959
(2,188)
7,429
(45,572)
2,646
121,274		 2023
£
67,431
(198)
4,993
47,078
12,115
131,419

20

21 Analysis of changes in net funds

The charitable company had no material debt during the year.

21