**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 2025** Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|| |---|---| ||P C Ashton| ||E M Cursaro| ||Councillor J Warmisham (Resigned 15 January 2025)| ||H E Mountney (Appointed 11 January 2023)| ||J Walsh (Appointed 19 January 2023)| ||S R Hands (Appointed 23 June 2026)| ||Reverend P D Chisnall (Appointed 24 June 2026)| ||D Darnton (Appointed 04 June 2026)| |**Charity number**|1124460| |**Company number**|06015231| |**Independent examiner**|Abbas Shapuri ACA| ||Third Sector Accountancy Limited| ||Holyoake House| ||Hanover Street| ||Manchester, M60 0AS| |**Solicitors**|Addleshaw Goddard LLP| ||One St Peter's Square| ||Manchester| Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 – 7| |Independent examiner's report|8| |Statement of fnancial activities|9| |Balance sheet|10| |Statement of cash fows|11| |Notes to the fnancial statements|12 – 24| Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **Trustees’ annual report for the year ended November 2025** The trustees present their report and the unaudited financial statements for the year ended November 2025 Included within the trustees’ report is the directors’ report as required by company law. Reference and administrative information set out on the initial page forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102. ## **Objectives and activities** Salford Loaves and Fishes exists to relieve poverty, homelessness, isolation and disadvantage amongst individuals and families in Salford and the surrounding areas. The charity aims to provide practical support, advice, education and opportunities that enable people to address immediate needs, improve their wellbeing and develop the confidence and skills required to achieve greater independence. In furtherance of these objectives, the charity operates two centres: a Drop-In Centre and a Skills for Life Centre. Through an open-door policy, support is available to people who are homeless, at risk of homelessness, living in unstable accommodation, experiencing food poverty, or facing social isolation and other vulnerabilities. All services are provided free of charge. During the year, the charity's principal activities included: - Providing free hot meals and refreshments to individuals and families experiencing hardship. - Offering practical support, including access to food, clothing, toiletries, laundry and shower facilities. - Delivering advice, advocacy and one-to-one support relating to housing, benefits, finances, health and accommodation needs. - Working in partnership with statutory and voluntary organisations to improve access to specialist services, including healthcare, recovery services and foodbank provision. - Providing educational, training and personal development opportunities through the Skills for Life Centre, including employability support, English language classes, digital skills training, arts and wellbeing activities. - Encouraging community participation, volunteering and social inclusion through a range of activities designed to build confidence, reduce isolation and promote positive futures. The trustees have had due regard to the Charity Commission's guidance on public benefit and are satisfied that the charity's activities continue to provide clear and demonstrable benefit to those experiencing homelessness, poverty, exclusion and other forms of disadvantage within the local community. Through the provision of practical assistance, advice, learning opportunities and supportive services, Salford Loaves and Fishes continue to help people meet immediate needs while supporting them towards long-term stability and independence. 1 Doc ID: e502066792d26995804f1431049ac8c692d82056 **SALFORD LOAVES AND FISHES LIMITED TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2025** ## **Achievements and performance** The charity's main activities and the beneficiaries it seeks to support are described above. All of its charitable activities focus on relieving homelessness, poverty, social exclusion and disadvantage amongst individuals and families in Salford and the surrounding areas and are undertaken to further the charity's objectives for the public benefit. During the year, Salford Loaves and Fishes continued to deliver a wide range of services through its Drop-In Centre and Skills for Life Centre, providing practical assistance, advice, advocacy, training and wellbeing activities to people experiencing homelessness, financial hardship, isolation and other complex challenges. The charity maintained an open-door approach, ensuring that support remained accessible to all who required it. A significant achievement during the year was the continued provision of free meals, refreshments, emergency food support, clothing, toiletries and other essential services to vulnerable individuals and families. These services helped meet immediate basic needs, reduce hardship and provide a safe and welcoming environment for those facing crisis situations. The charity also enabled beneficiaries to access specialist support through partnerships with a range of external agencies, including housing services, healthcare providers, recovery services and foodbank partners. This collaborative approach improved outcomes for service users by helping them access appropriate accommodation, health interventions, welfare advice and financial support. Through the Skills for Life Centre, the charity continued to provide opportunities for personal development, social engagement and learning. Activities including employability support, digital skills training, English language classes, arts and crafts, and wellbeing sessions helped individuals build confidence, reduce social isolation and develop skills that improve their prospects for independent living and employment. The trustees believe that the charity's work has made a positive and lasting difference to beneficiaries by helping people address immediate needs while supporting longer-term stability, resilience and independence. In addition to the direct benefits experienced by those using the charity's services, the organisation contributes to the wider community by reducing social exclusion, promoting wellbeing and supporting some of Salford's most vulnerable residents to engage positively with local services and society. The trustees are grateful for the continued commitment of staff, volunteers, donors, funders and partner organisations whose support enables the charity to deliver its mission and achieve meaningful outcomes for the people and communities it serves. ## **Beneficiaries of our services** Between 1 December 2024 and 30 November 2025 **,** Salford Loaves and Fishes supported more than 3,000 individuals through its Drop-In Centre and Skills for Life Centre services. During the reporting period, the charity recorded 23,732 attendances across 244 service sessions **,** demonstrating the significant demand for its support within the local community. This equates to an average attendance of 97 people per day during the Drop-In Centre's morning opening hours of 9.00am to 12.30pm **.** 2 Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2025** The charity supports a diverse range of beneficiaries, including people experiencing homelessness, those at risk of homelessness, individuals living in poverty, people facing financial hardship, asylum seekers and refugees, and those experiencing social isolation or other vulnerabilities. Through the provision of meals, practical assistance, advice, advocacy, wellbeing activities and skills development opportunities, the charity provides both immediate support and pathways towards improved independence and stability. These figures highlight the vital role Salford Loaves and Fishes continues to play within the city, providing a safe, welcoming and inclusive environment for individuals who may otherwise struggle to access essential support services. The sustained level of engagement throughout the year reflects both the growing need within the community and the trust placed in the charity by those it serves. The trustees recognise that behind each attendance is an individual facing unique challenges and remain committed to ensuring that services are delivered with dignity, compassion and respect to all who access the charity's support. ## **Financial review** Salford Loaves and Fishes remains financially stable at the year end, with trustees satisfied that the charity continues to be a going concern and is able to meet its obligations as they fall due. The charity closed the financial year with positive net assets and unrestricted reserves that provide an appropriate level of financial resilience against short-term operational challenges. The charity's income continues to be derived primarily from grants, donations, charitable trusts, corporate support and community fundraising. As a charity providing free services to individuals experiencing homelessness, poverty, social exclusion and vulnerability, there is limited opportunity to generate significant earned income from its activities. The trustees recognise that the nature of the services provided means that the organisation cannot realistically become fully self-sustaining through trading or service charges without compromising its charitable objectives and the accessibility of support for beneficiaries. The charity therefore remains dependent upon the continued generosity of donors, grant-making bodies, corporate partners and statutory funding streams to maintain and develop its services. Trustees regularly review funding opportunities and seek to diversify income sources wherever possible to reduce reliance on any single funder and enhance long-term financial sustainability. Despite ongoing economic pressures and increasing demand for services, the charity has continued to manage its resources prudently. Expenditure has been directed towards the delivery of charitable activities through the Drop-In Centre and Skills for Life Centre, ensuring that available resources are used effectively to maximise benefit for service users. Trustees maintain robust financial oversight through regular budget monitoring and review of financial performance throughout the year. Demand for the charity's services remains high, driven by rising levels of homelessness, food poverty, financial hardship and social isolation within the local community. Consequently, future financial sustainability remains dependent on securing sufficient voluntary income and grant funding to meet increasing service demands. The trustees continue to monitor financial risks closely and maintain plans to respond appropriately to changes in the funding environment. 3 Doc ID: e502066792d26995804f1431049ac8c692d82056 **SALFORD LOAVES AND FISHES LIMITED TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2025** At the date of approval of these financial statements, the trustees are not aware of any material uncertainties that would cast significant doubt on the charity's ability to continue as a going concern. However, as with many charities operating within the homelessness and poverty sector, the organisation remains exposed to external funding pressures and economic conditions that could affect future income levels. The trustees will continue to monitor these risks and take appropriate action to safeguard the charity's financial position. No fund or subsidiary undertaking was in a material deficit position at the balance sheet date. The trustees continue to review all restricted and unrestricted funds to ensure that resources are applied in accordance with donor intentions and the charity's objective ## **Reserves policy** The aim of the reserves policy is to ensure that the charity’s ongoing and future activities are reasonably protected from unexpected fluctuations in its income and expenditure. The board reviewed the reserves policy and agreed that a minimum level of unrestricted general funds, also known as free reserves, of £561,907 is appropriate given the risks faced by the charity and the sustainability of its different income streams. The trustees recognise that Salford Loaves and Fishes operate in an environment where there is no realistic opportunity to become fully self-sustaining through earned income. The charity provides all of its services free of charge to people experiencing homelessness, poverty, social exclusion and other vulnerabilities, and is therefore heavily reliant upon grants, donations and other voluntary income to fund its activities. The trustees acknowledge that the loss of a significant funding source could have a substantial impact on the charity's ability to operate. Such an event could place jobs at risk, reduce service provision and, ultimately, affect the charity's ability to support the large number of individuals and families who access its services each day. In recognition of these risks, the trustees have adopted a prudent reserves policy. The charity aims to maintain free reserves equivalent to a minimum of twelve months' operating expenditure. This level of reserves is considered necessary to: - Provide financial stability during periods of funding uncertainty. - Protect essential services for beneficiaries should there be delays or reductions in funding. - Allow sufficient time to secure alternative funding streams in the event of the loss of a major funder. - Meet contractual commitments and employment obligations. - Ensure continuity of service for vulnerable individuals who rely on the charity's support. The trustees review the level of reserves regularly as part of their financial monitoring processes and consider the adequacy of reserves in light of operational risks, future commitments and the changing funding environment. The aim of the reserves policy is not to accumulate funds unnecessarily, but to provide an appropriate safeguard that enables the charity to continue delivering its charitable objectives and maintain support for some of the most vulnerable members of the Salford community during periods of financial uncertainty 4 Doc ID: e502066792d26995804f1431049ac8c692d82056 **SALFORD LOAVES AND FISHES LIMITED TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2025** ## **Structure, Governance and Management** Salford Loaves and Fishes is a charitable company limited by guarantee and is governed by its Memorandum and Articles of Association. The charity is managed by a Board of Trustees, who are responsible for the overall governance, strategic direction, financial stewardship and compliance of the organisation. Trustees meet regularly throughout the year to review performance, monitor risk, oversee financial management and ensure that the charity continues to fulfil its charitable objectives. The day-to-day management of the charity is delegated by the trustees to the Chief Executive Officer and senior management team. The management team is responsible for implementing the strategic objectives agreed by the Board, managing staff and volunteers, overseeing service delivery and ensuring that the charity operates effectively and efficiently within the policies and budgets approved by the trustees. The Board seeks to maintain an appropriate balance of skills, knowledge and experience to support the effective governance of the charity. When vacancies arise, trustees are recruited through a range of methods, including recommendations, professional networks, volunteer engagement, local publicity and open recruitment processes. Prospective trustees are selected based on their experience, skills and commitment to the charity's aims and values. Individuals with expertise in areas such as finance, governance, legal matters, housing, fundraising, management, human resources and community services are particularly encouraged to apply. In accordance with the Articles of Association, trustees are appointed by the existing Board following a review of the skills and experience required to strengthen governance and support the future development of the charity. New trustees receive an induction covering the charity's activities, strategic objectives, governance arrangements, policies and legal responsibilities. Ongoing training and support are provided to ensure trustees remain informed of their duties and developments within the charity sector. The trustees recognise the importance of good governance and regularly review the performance, effectiveness and composition of the Board to ensure it continues to meet the needs of the organisation and the communities it serves. No external person or organisation has the right to appoint trustees to the Board. All trustee appointments are made in accordance with the charity's governing document and approved by the existing trustees. The organisation is a charitable company limited by guarantee, incorporated on 30[th] November 2006 and registered as a charity on 30[th] June 2008. The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association. Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees on 30[th] November 2025 was 8. The trustees are members of the charity, but this entitles them only to voting rights. The trustees have no beneficial interest in the charity. All trustees give their time voluntarily and receive no benefits from the charity. 5 Doc ID: e502066792d26995804f1431049ac8c692d82056 **SALFORD LOAVES AND FISHES LIMITED TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2025** ## **Related parties and relationships with other organisations** Salford Loaves and Fishes work closely with a wide range of statutory, voluntary and community sector organisations to ensure that individuals accessing its services receive coordinated and effective support, with 20 partner organisations based here each week. These partnerships are fundamental to the charity's ability to address the complex and often multiple needs of people experiencing homelessness, poverty, social isolation and other forms of disadvantage. The charity maintains a particularly strong working relationship with Salford City Council, which provides housing advice and support services through regular sessions at the Skills for Life Centre. This partnership enables service users to access specialist housing support, homelessness prevention services and accommodation advice in a familiar and accessible environment. A key partnership is with Citizens Advice Salford, whose specialist advisers work collaboratively with the charity to support individuals facing issues relating to welfare benefits, debt, housing, budgeting and financial hardship. Through this partnership, service users are able to access high-quality independent advice, helping them to address underlying causes of poverty and improve their financial resilience and wellbeing. In addition, the charity collaborates with healthcare providers, recovery services, local businesses, charitable trusts and community organisations to improve outcomes for service users and maximise the impact of its work across the city. These partnerships enhance the range of support available and contribute to the charity's objective of helping vulnerable individuals move towards greater stability, wellbeing and independence ## **Funds held as custodian trustee on behalf of others** The charity did not act as a custodian trustee during the year and did not hold any funds, assets or property on behalf of any other charity, organisation or third party. Accordingly, no assets were held in custody, no arrangements for the segregation or safeguarding of custodial assets were required, and there were no related custodial trustee responsibilities during the reporting period. If this is the case, this wording will satisfy the SORP requirement by confirming that the disclosure is not applicable. 6 Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2025** ## **Statement of responsibilities of the trustees** The trustees (who are also directors of Salford Loaves and Fishes for the purposes of company law) are responsible for preparing the trustees’ annual report and the 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 group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group 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 - State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable group 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 trustees’ annual report has been approved by the trustees on and signed on their behalf by Name Paul Ashton Title Trustee 7 Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED INDEPENDENT EXAMINERS’S REPORT TO THE TRUSTEES OF SALFORD LOAVES AND FISHES LIMITED** I report on the accounts of the charity for the year ended 31 December 2024 as set out on the following pages. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ICAEW. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s statement** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that, in any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 25 / 08 / 2026 Abbas Shapuri ACA Third Sector Accountancy Limited Holyoake House Hanover Street Manchester, M60 0AS 8 Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED STATEMENT OF FINANCIAL ACTVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2025** |**Notes**
**Income from:**
Donations and legacies
**3**
Charitable activities
**4**
Interest receivable
**5**
**Total income**
**Expenditure on:**
Charitable activities
**6**
**Net income for the year/**
**Net movement in funds**
Fund balances brought forward
**Fund balances carried forward**|**Unrestricted**
**funds**
**2025**
**£**
206,117
19,620
3,787
**229,524**
4,670
224,854
337,053
561,907|**Restricted**
**funds**
**2025**
**£**
356,646
-
-
**356,646**
498,524
141,878
-
200,411
58,533|**Total**
**2025**
**£**
562,763
19,620
3,787
**586,170**
503,194
82,976
537,464
620,440|**Unrestricted**
**funds**
**2024**
**£**
210,013
17,604
2,188
**229,805**
89,174
140,631
196,422
337,053|**Restricted**
**funds**
**Total**
**2024**
**2024**
**£**
**£**
402,770
612,783
-
17,604
-
2,188
**402,770**
**632,575**
384,442
473,616
18,328
158,959
182,083
378,505
200,411
537,464| |---|---|---|---|---|---| expenditure derive from continuing activities. under the Companies Act 2006. 9 Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED BALANCE SHEET AS AT 30 NOVEMBER 2025** |**Notes**
**Fixed Assets**
Tangible assets
**11**
**Current assets**
Debtors
**12**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**13**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**15**
Unrestricted funds|**£**
**£**
13,154
99,848
656,494
756,342
(149,056)
607,286
620,440
58,533
561,907
620,440
**2025**|**£**
**£**
17,373
45,752
505,305
551,057
(30,966)
520,091
537,464
200,411
337,053
537,464
**2024**|**£**
**£**
17,373
45,752
505,305
551,057
(30,966)
520,091
537,464
200,411
337,053
537,464
**2024**| |---|---|---|---| ||||537,464| ||||200,411
337,053| ||||537,464| ||||| 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 2025. 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** 10 Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 NOVEMBER 2025** |**Notes**
**Cash flows from operating activities**
Cash generated from operations
**19**
**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**|**£**
**£**
151,303
(3,902)
3,787
(115)
-
151,189
505,305
656,494
**2025**|**£**
**£**
121,274
(4,003)
2,188
(1,815)
-
119,459
385,846
505,305
**2024**| |---|---|---| 11 Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025** ## **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. 12 Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025** ## **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’ and Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument. 13 Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED SALFORD LOAVES AND FISHES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025** 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. ## 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. 14 Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025** ## **3 Donations and legacies** |Donations and gifts
**Donations and gifts**
Forever Manchester
National Lottery
Salford Council
Salford CVS
Society of the Holy Child Jesus
The Booth Charities
500 Campaign
Zochonis
Albert Gubay
Garfeld Weston
St Antony’s Centre
Clarion Housing
High Sheri�
Salford Community Leisure
Salix Homes
Arnold Clark
Duchy of Lancaster
Neighbourly Limited
Workers Educational Association
Other|**Unrestricted**
**Funds**
**2025**
**£**
206,117
-
-
74,800
-
-
-
14,916
30,000
-
30,000
-
-
-
-
-
-
-
500
-
55,901
206,117|**Restricted**
**Funds**
**2025**
**£**
356,646
-
55,095
82,547
108,656
1,000
22,433
-
7,700
7,500
-
25,000
14,600
-
-
1,000
3,500
3,197
21,500
2,918
-
356,646|**Total**
**Funds**
**2025**
**£**
562,763
-
55,095
157,347
108,656
1,000
22,433
14,916
37,700
7,500
30,000
25,000
14,600
-
-
1,000
3,500
3,197
22,000
2,918
55,901
562,763|**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| |---|---|---|---|---|---|---| 15 Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025** ## **4 Income from charitable activities** |**ncome from charitable activities**||| |---|---|---| |Rough sleepers project
Gift Aid|**Unrestricted**
**Funds**
**2025**
**£**
16,320
3,300
19,620|**Unrestricted**
**Funds**
**2024**
**£**
14,168
3,436| |||17,604| ## **5 Income from investments** |**ncome from investments**||| |---|---|---| ||**Unrestricted**|**Unrestricted**| ||**Funds**|**Funds**| ||**2025**|**2024**| ||**£**|**£**| |Interest receivable|3,787|2,188| 16 Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025** ## **6 Charitable activities** |Staff costs
CAB Service & other advisory
Kitchen supplies
Client activities
Training
Client welfare direct supprt
Support costs (note 7)
Governance (note 7)
**Analysis by fund**
Unrestricted funds
Restricted funds|**Counselling &**
**supervision**
**2025**
**£**
192,585
9,539
16,725
5,108
3,010
9,340
236,307
11,995
248,302
666
247,636
248,302|**Kitchen & drop**
**in centre**
**2025**
**£**
69,316
-
-
-
-
-
69,316
58,947
128,263
2,486
125,777
128,263|**Administration**
**2025**
**£**
105,562
-
-
-
-
-
105,562
12,780
8,287
126,629
1,518
125,111
126,629|**Total**
**2025**
**£**
367,463
9,539
16,725
5,108
3,010
9,340
411,185
83,722
8,287
503,194
4,670
498,524
503,194|**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| 17 Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025** ## **7 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**
**2025**
**£**
6.262
4,338
772
598
25
-
11,995|**Kitchen & drop**
**in centre**
**2025**
**£**
28,911
20,245
3,599
6,072
120
-
58,947|**Administration**
**2025**
**£**
6,195
4,338
771
1,450
26
8,287
21,067|**Total**
**2025**
**£**
41,368
28,921
5,142
8,120
171
8,287
92,009|**Total**
**2024**
**£**
33,888
21,780
5,229
7,429
547
3,646| ||||||72,519| 18 Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025** ## **8 Trustees** 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|**2025**
**Number**
9
4
3
16
**2025**
**£**
335,486
24,067
7,099
366,652|**2024**
**Number**
7
4
4
15
**2024**
**£**
316,463
19,929
6,818
343,210| |---|---|---| 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 £50,293 (2024: £48,563). ## **10 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. 19 Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025** ## **11** |**Leasehold**
**improvements**
**£**
**Cost**
At 1 December 2024
7,759
Additions
-
At 30 November 2025
7,759
**Depreciation and**
**impairment**
At 1 December 2024
7,759
Depreciation charged
in the year
-
At 30 November 2025
7,759
**Carrying amount**
At 30 November 2025
-
At 30 November 2024
-
**12**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income|**Plant and**
**equipment**
**£**
24,698
3,155
27,853
19,405
4,723
24,128
3,725
5,293|**Fixture**
**and**
**fttings**
**£**
24,833
-
24,833
15,363
2,224
17,587
7,246
9,470|**Computers**
**£**
9,587
747
10,334
6,978
1,173
8,151
2,183
2,610
**2025**
**£**
12,500
87,348
99,848|**Total**
**£**
66,877
3,902| |---|---|---|---|---| |||||70,779| |||||49,505
8,120| |||||57,625| |||||13,154| |||||17,372| ||||**2025**
**£**
12,500
87,348
99,848|**2024**
**£**
45,752
-
45,752| ## **13 Creditors: amounts falling due within one year** |Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income|**2025**
**£**
7,440
11,540
6,963
123,113
149,056|**2024**
**£**
5,973
10,862
5,979
8,152
30,966| |---|---|---| 20 Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025** ## **14** |**Defned contribution schemes**
Charge to proft or loss in respect of defned contribution schemes|**2025**
**£**
7,099|**2024**
**£**
6,818| |---|---|---| The assets of the scheme are held separately from those of the charitable company in an independently administered fund. ## **15 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:**
National Lottery Community Fund
Salford Council
Salford CVS
Pret Foundation
The Booths Charities
Zochonis Charitable Trust
Other
Society of the Holy Child Jesus
St Antony’s Centre
Clarion Housing
High Sheri�
Salford Community Leisure
Salix Homes
Albert Gubay Charitable Foundation
Arnold Clark
Duchy of Lancaster
Neighbourly Limited
Workers Educational Association|**At 1**
**December**
**2024**
**£**
84,806
-
55,668
6,891
10,000
5,000
28,863
-
-
1,617
1,200
2,373
3,993
-
-
-
-
-
200,411|**Incoming**
**resources**
**£**
55,095
82,547
108,656
-
22,433
7,700
-
1,000
25,000
14,600
-
-
1,000
7,500
3,500
3,197
21,500
2,918
356,646|**Resources**
**expended**
**£**
(139,901)
(82,547)
(164,324)
(6,891)
(32,433)
(12,700)
-
(1,000)
(25,000)
(16,217)
(1,200)
-
(4,993)
(7,500)
-
-
(900)
(2,918)
(498,524)|**At 30**
**November**
**2025**
**£**
-
-
-
-
-
-
28,863
-
-
-
-
2,373
-
-
3,500
3,197
20,600
-
58,533| |---|---|---|---|---| 21 Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025** ## **15 Restricted funds** ## **(Continued)** |**Previous year:**|**At 1**|**Incoming**|**Resources**|**At 30**| |---|---|---|---|---| ||**December**|**resources**|**expended**|**November**| ||**2023**|||**2024**| ||**£**|**£**|**£**|**£**| |Edward Holt Trust|9,583|-|(9,583)|-| |Forever Manchester|3,515|125|(3,640)|-| |National Lottery Community Fund|54,806|108,712|(78,712)|84,806| |Salford CVS|47,861|23,660|(15,853)|55,668| |Pret Foundation|7,202|-|(311)|6,891| |The Booths Charities|10,000|24,100|(24,100)|10,000| |Zochonis Charitable Trust|5,000|15,000|(15,000)|5,000| |Other|28,363|1,513|(1,013)|28,863| |Salford MBC|15,753|-|(15,753)|-| |Society of the Holy Child Jesus|-|2,000|(2,000)|-| |St Antony’s Centre|-|25,000|(25,000)|-| |Clarion Housing|-|12,260|(10,643)|1,617| |High Sheri�|-|3,600|(2,400)|1,200| |Salford Community Leisure|-|6,000|(3,627)|2,373| |Salix Homes|-|8,860|(4,867)|3,993| |Albert Gubay Charitable Foundation|-|171,940|(171,940)|-| ||182,083|402,770|(384,442)|200,411| 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. 22 Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025** ## **16 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. |urposes.||||| |---|---|---|---|---| |**Current year:**
General funds
**Previous year:**
General funds|**At 1**
**December**
**2024**
**£**
337,053
**At 1**
**December**
**2023**
**£**
196,422|**Incoming**
**resources**
**£**
229,524
**Incoming**
**resources**
**£**
229,805|**Resources**
**expended**
**£**
(4,670)
**Resources**
**expended**
**£**
(89,174)|**At 30**
**November**
**2025**
**£**
561,907| |||||**At 30**
**November**
**2024**
**£**
337,053| 23 Doc ID: e502066792d26995804f1431049ac8c692d82056 ## **SALFORD LOAVES AND FISHES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025** ## **17 Analysis of net assets between funds** |**Unrestricted**
**funds**
**2025**
**Current year:**
**£**
Fund balances at 30 November are represented by:
Tangible assets
13,154
Net current assets
548,753
561,907
**Unrestricted**
**funds**
**2024**
**Previous year:**
**£**
Fund balances at 30 November are represented by:
Tangible assets
17,373
Net current assets
319,680
337,053|**Restricted**
**funds**
**2025**
**£**
-
58,533
58,533
**Restricted**
**funds**
**2024**
**£**
-
200,411
200,411|**Total**
**2025**
**£**
13,154
607,286
620,440
**Total**
**2024**
**£**
17,373
520,091
537,464| |---|---|---| ## **18 Related party transactions** During the year £281.50 (2024 - £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. £281.50 was owing at the year end. ## **19 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|**2025**
**£**
82,976
(3,787)
8,120
(54,096)
118,090
151,303|**2024**
**£**
158,959
(2,188)
7,429
(45,572)
2,646
121,274| |---|---|---| 24 Doc ID: e502066792d26995804f1431049ac8c692d82056