**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:
- Continue to meet the rising demand for our services while seeking to address root causes.
- Recruit additional trustees to strengthen governance (with a target of around 8 trustees).
- Expand partnerships and funding sources, mindful of the turnover threshold issue.
- Develop our sta� team to increase engagement capacity for all those who need our support.
## **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.
- 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;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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:
- 1 accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or
- 2
- 3 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 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.
## **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