SALFORD FOUNDATION LIMITED

Charity Number: 1002482
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Education and training of children, young people and adults - Salford, Gtr Manchester, North West

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£3,345,228

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Donations and legacies £26.34k
Charitable activities £3.19m
Other trading activities £0
Investments £57.83k
Other £70.42k

Total expenditure:
£3,287,288

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Raising funds £21.00k
Charitable activities £3.27m
Other £0

£0 investments gains (losses)

Total income includes £1,788,136 from 10 government contract(s) and £313,067 from 7 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £21.00k
Charitable expenditure £3.27m
Retained for future use £57.94k

People

75 Employee(s)

12 Trustee(s)

333 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£70k to £80k 1

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • The Prevention Or Relief Of Poverty
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
  • Other Defined Groups
How the charity helps:
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Throughout England

Governance

Registration history:
  • 10 April 1991: Standard registration
  • 22 April 2016: Funds received from 1148985 FUTURE FOR YOUTH FOUNDATION
Organisation type:
Charitable company
Other names:
  • SALFORD BEP (Working name)
  • SALFORD BUSINESS EDUCATION PARTNERSHIP (Working name)
  • SALFORD COMPACT LIMITED (Previous name)
Company number:
02472369 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
  • Financial Conduct Authority
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

12 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Robert McClenaghan-Harrop Trustee 05 December 2024
None on record
Anthony Hassall Trustee 26 September 2024
None on record
Caroline Aikman Trustee 26 September 2024
None on record
Melissa Caslake Trustee 28 September 2023
None on record
Nouman Bhatty Trustee 20 July 2023
None on record
David Eames Trustee 20 July 2023
None on record
Kevin McDermott Trustee 14 July 2022
None on record
Marie-Grace Nkeshimana Trustee 15 July 2021
None on record
Michala Marfleet Trustee 20 February 2020
None on record
Dr Katherine Potier de la Morandiere Trustee 20 March 2018
GREATER MANCHESTER WOMEN'S SUPPORT ALLIANCE
Received: On time
Katharine Selina Francis Trustee 16 January 2017
None on record
PETER OPENSHAW Trustee 29 June 2012
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £2.62m £1.68m £1.53m £3.01m £3.35m
Total expenditure £2.41m £1.52m £1.60m £2.80m £3.29m
Income from government contracts £2.04m £641.98k £588.79k £1.76m £1.79m
Income from government grants £275.87k £578.09k £392.69k £492.76k £313.07k
Income - Donations and legacies £28.67k £12.23k £36.81k £22.29k £26.34k
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £2.57m £1.65m £1.46m £2.95m £3.19m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £22.95k £12.24k £7.04k £18.94k £57.83k
Income - Other £0 £345 £29.40k £10.01k £70.42k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £2.41m £1.52m £1.59m £2.78m £3.27m
Expenditure - Raising funds £0 £216 £14.86k £17.23k £21.00k
Expenditure - Governance £9.46k £10.56k £10.91k £11.24k £12.69k
Expenditure - Grants institution £15.25k £13.90k £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £750.00k £744.25k £832.76k £809.82k £753.09k
Long-term investments £0 £0 £0 £0 £0
Other assets £2.80m £2.67m £2.24m £2.65m £2.49m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £1.16m £863.79k £596.14k £775.25k £503.38k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 31 January 2025 On Time
Accounts and TAR 31 March 2024 31 January 2025 On Time Download Open in new window
Annual return 31 March 2023 12 January 2024 On Time
Accounts and TAR 31 March 2023 12 January 2024 On Time Download Open in new window
Annual return 31 March 2022 18 January 2023 On Time
Accounts and TAR 31 March 2022 18 January 2023 On Time Download Open in new window
Annual return 31 March 2021 25 January 2022 On Time
Accounts and TAR 31 March 2021 25 January 2022 On Time Download Open in new window
Annual return 31 March 2020 08 December 2020 On Time
Accounts and TAR 31 March 2020 08 December 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 21/02/1990 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 14/11/1990 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 01/09/1994 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 03/03/2016 as amended on 12 May 2018 as amended on 28 Sep 2023

Charitable objects

1. TO ACT AS A RESOURCE FOR YOUNG PEOPLE UP TO THE AGE OF 5-25 LIVING IN SALFORD, GREATER MANCHESTER AND THE NORTH WEST BY PROVIDING ADVICE AND ASSISTANCE AND ORGANISING PROGRAMMES OF PHYSICAL, EDUCATIONAL AND OTHER ACTIVITIES AS A MEANS OF: (A) ADVANCING IN LIFE AND HELPING YOUNG PEOPLE BY DEVELOPING THEIR SKILLS, CAPACITIES AND CAPABILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETY AS INDEPENDENT, MATURE AND RESPONSIBLE INDIVIDUALS; (B) ADVANCING EDUCATION; (C) RELIEVING UNEMPLOYMENT; (D) PROVIDING RECREATIONAL AND LEISURE TIME ACTIVITY IN THE INTERESTS OF SOCIAL WELFARE FOR PEOPLE LIVING IN THE AREA OF BENEFIT WHO HAVE NEED BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABILITY, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES WITH A VIEW TO IMPROVING THE CONDITIONS OF LIFE OF SUCH PERSONS. 2. TO PROMOTE SOCIAL INCLUSION FOR THE PUBLIC BENEFIT BY PREVENTING PEOPLE FROM BECOMING SOCIALLY EXCLUDED, RELIEVING THE NEEDS OF THOSE PEOPLE WHO ARE SOCIALLY EXCLUDED AND ASSISTING THEM TO INTEGRATE INTO SOCIETY IN SALFORD, GREATER MANCHESTER AND THE NORTH WEST. FOR THE PURPOSE OF THIS CLAUSE SOCIALLY EXCLUDED MEANS BEING EXCLUDED FROM SOCIETY, OR PARTS OF SOCIETY, AS A RESULT OF ONE OF MORE OF THE FOLLOWING FACTORS: UNEMPLOYMENT; FINANCIAL HARDSHIP; YOUTH OR OLD AGE; ILL HEALTH (PHYSICAL OR MENTAL); SUBSTANCE ABUSE OR DEPENDENCY INCLUDING ALCOHOL AND DRUGS; DISCRIMINATION ON THE GROUNDS OF SEX, RACE, DISABILITY, ETHNIC ORIGIN, RELIGION, BELIEF, CREED, SEXUAL ORIENTATION OR GENDER RE-ASSIGNMENT; POOR EDUCATIONAL OR SKILLS ATTAINMENT; RELATIONSHIP AND FAMILY BREAKDOWN; POOR HOUSING (THAT IS HOUSING THAT DOES NOT MEET BASIC HABITABLE STANDARDS; CRIME (EITHER AS A VICTIM OF CRIME OR AS AN OFFENDER REHABILITATING INTO SOCIETY).

Area of benefit

The area the charity can operate in, as set out in its governing document.

MAINLY WITHIN BOUNDARIES OF SALFORD C.C. EDUCATION AUTHORITY

Contact information

Address:
Salford Foundation
Foundation House
3 Jo Street
SALFORD
M5 4BD
Phone:
01617878500
Email:
enquiries@salfordfoundation.org.uk
Website:

www.salfordfoundation.org.uk Open in new window