Charity Commission number.. 1190274 ALBERT'S OF SALFORD CIO TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Alberfs of Salford CIO Contents Pago Trustees Annual Report Independent Examinerfs Report Slatsmtsnt ol Financi81 Activities Balance Sheet Statemènt of Cash Flows Notes lo the Financial Statements 9-17 Report of the trustees for the year ended 30 April 2025 The trustees present their annual report and financial statements of the charity for the year ended 30 April 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charity's trust deed. the Charities Act 2011 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 published IFRS 1021 leffective l January 20191. Reference and administrative information Charity Name.. Albert's of Salford CIO CE022418 Charity Number: 1190274 Structure, 8overnan¢e and management The Charity is a charitable incorporated organisation and converted from Albert's of Salford CIC Co. No. 06565112 and was registered on 7" July 2020. Trustees joyce Lyamuya Dave Morgan Robert Hinder Damon Montgomery Belay Khasav Prlnclpal Office Humphrey 800th Centre Heath Avenue, Salford, M7 INY Independent E¥amlners Hilton Jones Chartered Certified Accountants Hollinwood Business Centre Albert Street Oldham, Lancashire OL8 3QL Bankers Bank of Scotland plc, The Mound, Edinburgh. EHI IYZ Objectives and actiwties The purpose of the charity is the promotion of community participation in healthy recreation for the benefit of the inhabitant5 of Salford and the Surrounding areas by the provision of facilities for playing, in particular. but not exclusively. football. The trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Charity's aims and objectives. in planning future activities. and setting the policies for the year. The charity furthers its charitable purpose5 for the public benefit by providing facilities for playing football and other recreational activities. A revlew of our achievements and perfom)ance: How our actlvltles delivered publlc benefit.. The Charity maintained its level of services measured by pitch use and numbers participating de5Plte a six-week closure in the summer of 24 for renovations to the Pavilion. These included redesign of toilets and changing facilities to meet FA requirements on H&S and Safeguarding. All of this work was funded by external grant. Funding pledged for the pavilion refurbishment was not forthcoming until after the work was completed but Salford City Council acted as a banker to the project allowin8 it to be delivered on schedule. Following this break. the year was characterised by a continued rise in demand for facilities both for evenin8 and day/weekend use. Albert's re-opened on dernand from mid September for seven days a week, from 10.00 am to 10.00 pm to the end of the financial year. Albert's usage continued to reflect the changin8 demo8raphy of East Salford with groups and community organisations representing a wide range of cultural groups in the city. Foundation 92 Charity remaine¢J a significant core customer with an extensive alternative currieulurn for young people and broader community a¢cess daytime usè8e including a dementia walking group and walking football for an older target group. Evening occupancy for over 20 teams and community organisations exceeds 90%. with daytime and weekend use around 50%. Over 700 individuals use the facility each week. Relationship with our landlords, Salford City council, have been positive and beneficial to both parties. Trustees now have to Consider how to create access for new group and new demands given the limits of the facility. Flnan¢lal Ye￿eW The charity had an income for the year of £226,632 and expenses of £115,093 . Total reserves of £190.928 include £40.OCQ in a restricted fund to contribute to longer term facility redevelopment. The balance held in uniestricted reseNes at 30 April 202S was £148,996 Investment powers and poll¢y The Charity has a contract with the Football Foundation to save and invest up to £20.C¥)O pa towards the cost of replacing the current pitch in ten years time. This will be held in a separate account and is scrutinised annually by the Football Foundation. Reserves pollcy and go5ng concem The trustees aim to maintain free resetves in unrestricted funds at a level which equates to approximately six months of charitable expenditure. The trustees consider that this level will provide sufficient funds to respond to applications for grants and ensure that support and governance costs are covered. The trustees has designated reserves for future capital investment including the pitch and pavilion. The Charity's main source of income is facilities hire and grants. The Tru5tee5 consider that it is appropriate to prepare the account5 Qn a going concern basis and, consequently, the accounts do not include any adjustments that would be necessary rf these sources of income should cease. Risk management The trustees have conducted a review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Plans for Future Periods An energy efficiency survey has been completed with 3 view to getting grant aid to improve meeting rooms, reception and office. Plannin8 is now taking place for a facility which would offer a wider range of community facilities in a more eco-friendly building, which would complement the playing facilities. Design options and a financial analysis are now being considered. These proposals would embed Albert's even further into the local Community whilst diversifying its income capacity and sustainability. A number of fvnders have expressed interest in supporting these initiatives lall fundin8 pledges for 24125 have now been received and all invoice5 paid, drawing a line under the last development phase). There is scope for further building development in an adjacent plot incorporated into the facility footprint at the last lease update120231. The Board is now planning to restructure management roles in 25126 to give fotus to wider sports and community development. The Board has considered revision to its Constitution and Financial ReBulations and has actively sought new members, two of whom took take up their roles at after the 2025 AGM. Appolntment of trustees New trustees are appointed by the Board and serve for three years after which they may put themselves forward for re-appointment. The Trust Deed provides for a minimum of three trustees, to a maximum of six trustees, with no more than two trustees due for re-appointment in any one year. At the quarterly trustee meetings, the trustees agree the broad strategy and areas of activitv for the Charity. including investment. reserves and risk management policies and performance. The day-to -day administration of the Charity is delegated to the facilities Manager. Trustee Indurtlon and tralnln8 All trustees receive induction into the organisation including an induction and training handbook. Trustees responslbllltles In relatlon to the flnanclal statements The charity trustees are responsible for preparin8 a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charitie5 in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitv and of the incoming resources and application of resources. of the charity for that period. In preparing the financial statements, the trustees are required to.. Select suitable accounting principles and then apply them consistently,. Observe the methods and principles in the applicable Charities SORP- Make judgments and estimates that are reasonable and prudent- State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements; Prepare the financial statements on a going concern basis unless it is not appropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulation5, and the provision of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees on 17th February 2026 and signed on their behalf by: CHAIR of TRUSTEES Robert Hinder Albgrt's of Salford CIO Independent Examinerfs Report For The Year Ended 30 April 2025 I report on the accounts of the company for the year ended 30 Aw'l 2025, which have are set out on pages6 to 17. Respective responsibilities of Irustees and examiner The trustees (who are also directors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The Iruslees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity is required by company law lo prepare accrued accounts and l am qualified lo undertake the examination by being a qualrfied member of The Association of Chartered Certified Accountants. Having salisified myself that the charity is not subject to audrt under company law and is eligible for independent examination, il is my responsibility lo.. examine the accounts under section 145 of the 2011 Act.. follow the procedures laid down in general Directions given by the Charity Commission under section 145lbl of the 2011 Act; and to stale whether particular matters have ¢ome lo my attention. 8asls of Indopendent gxamlner's report My examination was carried out in accordance with the 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 you as Iruslees concerning any svch mallers. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a 'true and fair Vie￿ and the report is limited lo those matters set out in the statement below. Ind8p•nd•nt examinèr's stat•m•nt In connection with my examination. no matter has come to my attention.. 111 which gives me reasonable cause to believe that in any material respect the requiremenlg to keep accounbng records in accordance wtth section 386 of the Companies Act 2006., and to prepare accounts which accord with the accounting records. comply with the accounting requirements of section 396 of the Companies Act 2006: and with the methods and principles of the Ststement of Recommended Practice.. Accounting and Reporting by Charities have not been met.. c 121 lo which, in my opinion, attention should be drawn in order to enable a proper understsnding of the accounts to be reached. JM Hilton-Jones Hilton Jones Ltd Hollinwood Business Centre Albert Street Oldham OL8 3QL 17 February 2026 Page11 bert's gf Salford CIO Statement of Flnanclal Actlvltles Ilncluding Income and Expendlture Account) For The Year Ended 30 April 2025 Unrestri¢t¢d R¢$trf¢ttd Funds Fund$ 2025 2024 Not¢$ INCOME FROM Donations and legacies Charitable acty'vities Investment income Bank interest received 2.499 83,226 101 136,637 89.995 226,632 TOTAL INCOME 136,637 89.995 226,632 85,826 EXPENDITURE ON Charitable acts'vities 25.098 89,995 115,093 79,779 TOTAL EXPENDITURE 25.098 89,995 115,093 79,779 NET INCOMEIIEXPENDITUREI 111,539 111,539 6,047 Transfers between funds Taxation -pre Conversion adlus¢ment 14 13 140.000) 40,000 19011 NET MOVEMENT IN FUNDS 71,539 40,000 111,539 5,146 RECONCILIATION OF FUNDS Total funds brought forward 14 77.4S7 1,932 79,389 74,243 TOTAL FUNDS CARRIED FORWARD 14 148,996 41,932 190,928 79,389 The 51aleFnenl of financial adivilies includes 811 gains arKI losses recogni5ed in the year. All in￿1￿? and expenditurtr derive Irom continuing activities. The notes on pages 9 to17 lom part ol these accourts. Page 11 bert's of Salford CIO Balance Sheet As At 30 April 2025 Unrestricted Fund$ Restricted Funds 2025 2024 Notes FIXED ASSETS Intangible Assets Tangible Assets 10 93,307 93,307 42,316 93,307 93,307 42,316 CURRENT ASSETS Debtors Cash 81 bank and in h8nd 25,753 33.581 25,753 75,513 7,346 32.612 41,932 59.334 41,932 101,266 39,958 Credltors: Amount8 falllng due wlthln one year 12 3,645 3,645 2,885 NET CURRENT ASSETS 55.689 41,932 97,621 37.073 TOTAL ASSETS LESS CURRENT LIABILITIES 148,996 41,932 190,928 79,389 NET ASSETS 148,996 41,932 190,928 79,389 THE FUNDS OF THE CHARITY Restricted income funds Unrastri¢tad incomè lunds 14 14 41,932 41,932 148,996 1,932 77.457 148,996 TOTAL CHARrri FUNDS 148,996 41,932 190,928 79,389 For the period in question the company was entiued to the exemption conferred by section 477 of the Companie5 Act 2006, and that no notice has been deposited un¢Jer section 476 in relation lo its accounts for th8 financial year. The di￿¢101$ a¢knowledgtr their responsibilib.es for complyng with the requirements of the Companies Act 2006 with respect to accounb.ng records and thè preparats'on ol accounts. These a¢¢ounts have been prepareil in a¢¢ordan¢e wlh the provisions applicable to ¢ompani8s subject lo th8 small companies. regime. Approved by the Iruslees on 17 Febru8ry 2026 Dave Morgan- Trustse Robert Hinder- Truslge The notes on pages 9 1017 fomi part of these accounts. Page 12 bert's gf Salford CIO Statement of Cash Flows For The Year Ended 30 April 2025 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTMTIES 202S 2024 Net movement in funds Add back depreciation Deduct investmènt in¢ome Oecreasellincreasel in debtors Increasellde¢re8sel in credito 111,539 26,002 5,146 10,602 118,4071 760 1,533 12461 NET CASH USED IN OPERATING AcT￿￿lEs 119,894 16,932 CASH FLOWS FROM INVESTMENT ACTMTIES: Interesl Purchase of fixed assets 101 152,8551 176,9931 NET CASH PROVIDED BY INVESTING ACTMTIES 176,9931 152,7541 INCREASEIIDECREASEI IN CASH AND CASH EQUIVALENTS DURING THE YEAR 42,901 135,8221 CASH ANO CASH EQUIVALENTS BROUGHT FORWARD 32,612 68,434 CASH AND CASH EQUIVALENTS CARRIED FORWARD 75,513 32,612 Page 13 bert's of Salford CIO Notes to the Flnanclal Statements For The Year Ended 30 April 2025 1 Accounting Policies 1.1 Basls of preparatlon and assessment of golng concem The accounts lfinancial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial slalernents have been prepared in accordance with the Slalemenl of R8comrnendèd Pra¢ti¢e.. Accounting and Rèporting by Charitiès prèparing their a¢¢ounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland (FRS 1021, effective 1st January 2019, and the Financial RepO￿.￿g Stsndard applicable in the United Kingdom and Republic of Ireland IFRS The charity Conslilutes 8 public benefit 8nb.ty as defined by FRS 102. The trustees consider that there are no material uncertainties about Ihe charitys ability lo continue as going concern. 1.2 Funds structum Restricted funds are funds which are to be used in aCCordar￿8 specific restrictions imposed by the donor or trust deed. There are 2 restricled Ivnds. Unr85tricled incorne funds comprise those lunds which thè trustees are free to use for any purpose In further8nce of the ¢h8rilable objects. Unreslri¢ted funds include designated funds where the Iruslees, al their discretion, have created a lund lor a swcific purpose. Further details of each fund are disdosed in note 14. 1.3 Incomo recognltlon Al In￿Me is recognised once the ¢h8rity h8$ en¢iUemenl lo the income, il is probable that the incom8 wll be received and the amount of income receivable Can be meaSU￿d reliably. Donations are recognised when the charity has been notified in writing of both the amount and settlement dale. In the event that a donation is subje¢l lo ¢ondilion5 thal require a level ol performance before th Charity is enliued lo the funds, the income is deferreil and not reco9nised until either those conditions are fully mel. or the fulfilment of th0$9 conditions is wholly within the conlrd of the charity and 11 is probable that those conditions will be fulfilled in ihe reporting period. Interest on funds held on deposit is induded whèn receivable and the amount ¢an bg maasurod raliably by the charity,. this is nomially upon notification ol the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received ol ihe dividend due. 1.4 Expendlture Recognltlon Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation committing the charity to thal expenditure, it is probable Ihat settlement will be required and the amount of the obligation can be rneasured reliably. l expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned lo the applicable expenditure headings. For more information on this attribution refer lo note 1.6. Page 14 bert's of Salford CIO Notes to the Flnanclal Statements For The Year Ended 30 April 2025 1.5 Irrecoverable VAT Irrecoverable VAT is charged against the expenditure heading for which it was incurred. 1.6 Allocatlon af support and gowrnane• costs Support costs have been allcuied bewn governan￿ costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs indude costs related lo independent exarnination and legal fees together wlh an apportionment of overhead and 5UPtx)rt costs. Governance costs and suppcwi costs relaknng lo charitable activiknes have been appO￿oned based on type of expense. The allocation of SUp￿t and governance costs is analysed in note 7. 1.7 Costs of ralsSng funds The costs of raising funds consists of activities. markeling and DBS costs. 1.8 Charltablè A¢tlvltl•• Costs of charitable 8cts'vilies indude goveman¢e costs and an appoitionm8nl of support Costs as shown in note 6. 1.9 Tanglble flxed assots and depreclatlon Al assets costs'ng more than £5(Kl are capitalised and valued 81 historical cost. Depreciation 15 chargèd on the following basis.. Facilities and Security Computers 1.10 Reall8•d galns and loss•8 20°A on cosl 20¢10 on cost I gains and losses 8re taken lo the Statement of Financi81 Acb"vibes as they arise. Reallsed galns and lossos on investments are ¢al¢ulated as the diffgrence between sales proceeds and th&ir opgning Carr￿ng value or their purchase value il acquired subsequent to the firsl day ol the financial year. Unrealised gains and losses a￿ calculaled as ihe difference be￿een the lair value at the year end and their varying value. Realised arKI unrealised investment gains and 105ses are cornbined in the Statement 1.11 Pènslons Thg charity does not havg any èmploy88s and, thergforg. does not hav8 a pension schame. 1.12 Debtorn Trade and other debtors 8Tr recogniseil at Ihe setllemenl amount due after 8ny trad& discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 15 bert's gf Salford CIO Notes to the Flnanclal Statements For The Year Ended 30 April 2025 1.13 Creditors and provisions Cr8dilors and provisions are rec(yJnised where Ihe charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amotjnt due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 2 Related party transactions and trustees. expenses and remuneration The trustaes all givè frèely thèir timè and Èxpèrtise without any lom of rèmuneration or othèr benèfit In cash or kind {2023'. £nill. Expenses paid to the injstees in the year totalled £nil12023'. £nill. 3 Donatlons and Legacles Unrestrict•d R•stricted Total Fund$ Total Funds 2025 202S 2024 2025 Donations 2.499 2,499 Previous reporting period Unr•strl¢t•d 2024 R•strlet•d Total Fund$ 2024 2024 Donations 2,499 2,499 4 Income from charltabl• actlvltl•8 Unmtrld•d R•&trld•d T¢tal Fund¥ Total Fund$ 2025 2025 202S 2024 The Booth Charili8S The Abert Gubay Bernard Sunley Foundation Charitsble Activits'es 30.000 49.995 10,000 30,000 49,995 10,000 136,637 226,632 136,637 136,637 83,226 83,226 89.995 Previous reporbng perifxl Unrestrlcted 2024 Restrlcted Total Funds 2024 2024 Charitable ActiV￿.e5 83.226 83,226 83,226 83,226 Page 16 Albert's of Salford CIO Notès to thè Financial Statèm•nts For The Year Ended 30 Aprll 2025 S Net Income 2025 2024 Nel in¢tsme is stsled after ¢harging'. Depreciation- owned assets Accountancy 26,002 723 10.602 692 6 Exp•ndltur• S•rvl¢•s 2025 2024 Expendlture on charltablo actlvrtles Employment costs Insurance Travelling expensès Catering Telephone and Internet Depre¢i81ion Repair and Maintenance Heat. light and water Rent and rates Cleaning and waste Minor equiprnenl Card Char9es Governance costs Support costs 56,630 1,167 516 56,630 1,167 516 48.681 1,Q52 439 37 1,559 10,602 2.147 9,282 1,793 1,Q87 46 1,545 26,002 1,626 17,436 1,858 2,324 1,064 1,545 26,002 1,626 17,436 1,858 2,324 1,064 735 4,185 115,093 735 4,185 115,093 692 2,356 79,779 2025 2024 Restricted funds Unrestricled funds 89,995 25,098 115,093 495 79,284 79,779 Page 17 Albert's of Salford CIO Notès to thè Financial Statèm•nts For The Year Ended 30 Aprll 2025 7 AllocatSon of govemance and support costs The breakdown of support costs and how these were allocated bets￿￿ governance and other support costs is shown below. Gen*MI Supwt Bas1$ of apportlonrntnt Governanc• 2025 Employment costs Accountancy MC expenses SLJndry expenses Bank charges P8yroll bureau Accountancy f88 Legal and professional type of expense type of expense type of expense typè of expen$8 type of expense lype of expense type of expense type of expense 1,200 1.200 723 12 1.213 269 214 204 1,085 4.920 723 12 1,213 269 214 204 1,085 4,185 735 Prfjviou$ roporting ￿rIOd General Support B••l• of •pportlonm•n¢ Governanc• 2024 Employmgnl costs Accountancy Sundry expenses Bank charges Payroll bureau Post, Printing and Stslionery Legal and professional type of oxpen$o type of expense type of expense type of expense type of expense type of expense type of expense 1,200 1.200 692 692 161 230 364 70 555 230 364 70 555 2,358 692 3,050 8 Analysls of staff costs 2025 2024 Wages and s81aries Pension costs 56,399 1,431 57,830 49,881 49,881 Charitsble 8¢b"vrti8s Support costs 56,630 1,200 57,830 48,681 1,200 49,881 2025 2024 Average number of employees NLJmber of employees with benefits in excess of £60,000 Page 18 bert's gf Salford CIO Notes to the Flnanclal Statements For The Year Ended 30 April 2025 9 Independent Examiner Fees 2025 2024 Independent examination fees 723 692 723 692 10 Tanglbl• Flxèd Assots Facllltlès Comput•rs and Securlty Total Cost At 1 May 2024 Additions 4,766 113,014 76,993 190,007 117,780 76,993 194,773 AI 30 Aprll 2025 4,766 Dopreclatlon Al 1 May 2024 Charge lor Year At 30 April 2025 4,735 32 70,729 25,970 96,699 75.464 26,002 101,466 4,767 N•t Book Valu¢ AI 30 Apdl 2025 93,308 93,307 Al 1 May 2024 31 42,285 42,316 Page 19 bert's of Salford CIO Notes to the Flnanclal Statements For The Year Ended 30 April 2025 11 Debtors 2025 2024 Trade deblors Other debtors Prep8yments 24,967 670 116 6,814 532 7,346 25,753 2025 2024 Restricted Unrestricle