2023-03-31-accounts

CONTENTS
CHAIRS FOREWARD, David Singleton,				Chair ofthe Trustee Board	Page 3
TRUSTEES' ANNUAL REPORT					Page 5
REFERENCE AND ADMINISTRATIVE			DETAILS		Page 5
STRUCTURE, GOVERNANCE	AND MANAGEMENT				Page 7
Public Benefit					Page 7
Risk Management					Page 7
Subsidiary Company					Page 7
Induction ofTrustees					Page 7
Leadership Team / Orga	nisational		Structure		Page 8
Investment powers and	policy				Page 8
STRATEGIC REPORT
Objectives and activities					Page 9
Purpose of Charity					Page 9
Vision and Main activities	undertaken				Page 11
Looking ahead					Page 18
Financial Summary					Page 19
Trading Subsidiary and Consolidation					Page 19
Reserves Policy					Page 19
Pay Policy					Page 20
Principal Funding Sources					Page 20
Financial Instruments					Page 20
Trustee's Responsibilities					Page 21
Compliance with accounting		standards			Page 21
Auditors					Page 21
INDEPENDENT AUDITORS REPORT					Page 22
Consolidated Statement	of	Financial		Activities	Page 24
Consolidated and Charity	Balance		Sheet		Page 25
Consolidated Statement	of	Cash Flow			Page 26
Notes to the Financia I Statements					Page 27

A summary oft	he income and exp	enditure is as follo	ws:
		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
		2023	2023	2023	2022
		f	F.		f
Total incoming	resources	1,621,026	1,043,639	2,664,665	2,288,567
Total resources	expended	(2r095r088)	(908,421)	(3,003,509)	(2,384,086)
Gains on investments		(2,534)		(2,534)	3,357
Net movement period	in funds for the	(476I596)	135r218	(341r378)	447 838

entified in the following	income spl	it:
Charitable Activity			71o/o
Fundraising 8t Events			26%
Room 8t Facilities Hire			1.5%
Trading Company			0.5%
Other Income including	Voluntary,	and Investments	1%

					Unrestricted	Restriclnd	Total	Total
					Funds	Funds	Funds	Funds
			Notes		2023	2023	2023	2022
INCOME
1ncome fmm donations	and legacies				411,850		411,850	464,242
Other trading income
Room Ik facilities hire					39,754		39,754	21,526
Fundraising events					415,102	275,000	690,102	1,055,785
Catering					12,353		12,353
1nvestment income					23,467		23,467	3,505
Income fmm charitahle	activities
Targeted Youth Service Operations (Play, Youth 6Sport)					632,283 86,217	499,211 269,428	1,131,494 355,645	998,574 284,935
Otherincome
Government grants
Total income and endowmenbr					1,621,026	1,043,639	2,664,665	2,828,567
EXPENDITURE
Expenditure on raising funds
Fundraising					305,897		305r897	289,468
Expenditure on charitable		activities
Targeted Youth Service			13		873,978	520r972	1,394,949	1,045,942
Operations (Play, Youth	5 Sport)		13		781,080	186r844	967,924	718,786
Depreciation - charity					119,133	200,606	319,739	321,190
Governance msis			13		15,000		15,000	8,700
Total expenditure					2,095r088	908r421	3r003r509	2 384086
Net income (expenditure)		and net movement		In
funds before gains and losses on Investments					(474r062)	135r218	(338844)	444,481
Gains/(losses) on mvaluati		one and di	sposals	of
investmenls
Unrealised gains / (losses)	on
investment assets			15		(2,534)		(2,534)	3,357
Net movement in funds					(476,596)	135,218	(341,378)	447,838
Total funds brought forward
As previously reported					3063r603	5303r608	8367r211	7919372
As Restated					3,063,603	S,303,608	8,367,211	7,919,372
Total funds carried forward			24		2,587,007	5,438,826	8,025,833	8,367,210

Consolidated	and Charity			Balance	Sheets		Company number:		03109525
As at 31 March		2023					Charity number:		1051292
						Group 2023 2022		Charity 2023	2022
Fixed assets						6	k
Tangible assets					14	7,178,875	6,667,377	7,178,S75	6,667,377
investments					15	40,804	43,338	40,806	43,340
						7,219,679	6,710,715	7,219,681	6,710,717
current assets
Stocks					16	3,007		1,489
Debtors					17	106,540	68,216	106,270	68,216
Cash at bank and	In hand					lr106,125	2 023 282	lrtosr912	2 023 282
						lr215,672	2,091,498	1,213,S71	2,091,498
Creditors: amounts within one year		falling due			18	(409,518)	(435,003)	(409,793)	(435,005)
Net current assets						806,154	1,656,495	803,878	1,656,493
Total assets lass	current		Sabilities			8,025,833	8,367,210	8,023,559	8,367,210
Represented by:
Unrestricted income funds					23
Designated funds						350,000	705,582	350,000	705,582
Funds retained	within		non-chantable
subsidiary
Generalfunds						2,237,007	2,358,021	2,234,733	2,358,021
Total unrestrfcfed		funds				2,587,007	3,063,603	2,584,733	3,063,603
Restricted income funds					23	5,438,826	5,303,607	5,438,826	5,303,607
Total charity funds					24	8,025,833	8,367,210	8,023,599	8,367,210

			Notes	2023	2022
Cash flow from operating		activities	25	(109,388)	716,937
Cash flow	from investing	activities
investment	income received			23,467	3,505
Receipts from sale oftangible		fixed assets		(1)	701
Payments	to acquire tangible	fixed assets		(831,236)	(1,823,341)
				(807,770)	(1,819,135)
Increase	(decrease) In cash and cash equivalents			(917,158)	1,102,198
Cash and	cash equivalents	at 1April 2022		2,023,283	3,125,480
Cash and	cash equivalents	at 31March 2023		li106,125	4,227,678
Cash and	cash equivalents	consist of:
Cash at bank and In hand				1,106,125	2,023,282

Commercial trading oper	Commercial trading oper	ations	ations
The wholly owned trading		subsidiary,		B.L.G.C. Trading		Company	Limited,	operates	the	coFfee bar and	catering	facilities.	A
summary ofthe trading	results		is shown		below:
Summary profit and loss		account								2023		2022
										E		E
Turnover Cost ofsales										12,103 (0,831)
Administrative expenses
Donation to parent mmpany
Loan waiver												(2,037)
Interest payable and similar		charges
Interest receivable and	similar		income
Loss on Disposal												14,254
Tax on profit on ordinary	activities
(Loss) / profit for the year										2,274		12,217
The assets and liabilities	of	the	subsidiary		were:					2023		2022
										E		E
Fixed assets
Cument assets
										2,274
Creditors: amounts falling due			within one		year
Creditors: amounts Falling due			after more		than one year
Provisions for liabilities:	Deferred tax
Net assets										2,274

5	Individual Income Stateme	Individual Income Stateme	nt	nt
	As permitted by Section 408		ofthe Companies		Act 2006, the income Statement		ofthe parent	company is not	presented as
	part ofthese financial	statements.
6	Donations and Legacies					Unrestricted	Restricted	Total	Total
						Funds	Funds	Funds	Funds
						2023	2023	2023	2022
						E	E	E	E
	Donations Donated services and facilities					186,350 225r500		186,350 22S,500	316,241 148,000
						411,850		411r850	464,241
7	Investment income					Unrestricted	Resbicted	Total	Total
						Funds	Funds	Fit it cia	Furlds
						2023	2022I	2023 E	2022 E
	Listed UK investments					1,827		1,827	1,185
	Bank interest mceivable					21,640		21,640	2,320
						23~7		23r467	3,505
8	Net movement in funds					Unrestricted	Restrirted	Total	Total
						Funds	Funds	Funds	Funds
						2023 E	2022 E	2023 E	2022I
	Depreciation oftangible fixed assets Auditor's remuneration -Audit services Accountancy fees - Other services					119,133 10,200 4~	200,606	319,739 10,200 4~	321,190 8,700
	Loss (profit) on disposal	offixed assets							(14,005)
9	Analysis ofstaff costs							2023	2022
	Salafiies and wages Social security costs							1,737,301 135,818	1,347,273 107,817
	Pension costs							88,044	50,502
								1,961,163	1,505,592
	The average monthly number		ofemployees,	analysed		by function, were:
						2023	2023	2022	2022
						Full time	Part time	Full time	Part time
						number	number	number	number
	Fundraising events Mentoling Outmach 0 Detached					3 19	0 3	3 14	3 3
	Youth Club Sports Development Targeted Projects Management Sr Finance					4I 4 11	27 g 27 1	3 I 4 22	23 9
	Grants BrTrust							0
						42	67	36	39

14	Tangible fixed assets -	Tangible fixed assets -	Group	Group	Group	Long leasehold land gr	Motor	Equipment, furniture 8
	Cast					buildings 6	vehicles 6	fittings E	Total E
	At 1April 2022					9,162,239	27,040	1,027,266	10,216,545
	Additions					807,988		23,248	831,236
	Disposals							(800,041)	(800,041)
	At 31March 2023					9,970r227	27r040	250r473	lgr247r740
	Depreciation
	At 1April 2022					2,679,733	25,010	844,425	3,549,168
	Charge for the year					280,787	507	38,444	319,738
	Disposals							(800,041)	(800,041)
	At 31 March 2023					2,960,520	25,517	S2,828	3,068,S65
	Net book value
	At 31 March 2023					7,009,707	1,523	167,645	7,178,875
	At 31 March 2022					6,482,506	2,030	182,841	6,667,377
	Tangible fixed assets -		Chadty			Long leasehold land It	Motor	Equipment, furniture Br
						buildings	vehicles	Sttin9s	Total
	Cost					f.	E	6
	At 1April 2022					9,162,239	27,040	1,027,266	10,216,545
	Additions					807,988		23,248	831,236
	Disposals							(800,041)	(800,041)
	At 31 March 2023					9,970,227	27r040	250r473	20r247r740
	Depreciation
	At I April 2022					2,679,733	25,010	844,425	3,549,168
	Charge for the year					280,787	507	38,444	319,738
	Disposals							(800,041)	(800,041)
	At 31 March 2023					2,960,520	25,517	82,828	3,068,865
	Net book value
	At 31 March 2023					7,009,707	1,523	367r645	7r178r875
	At 31 March 2022					6,482,506	2,030	182,841	6,667,377
15	Fixed asset Investments
							Shares In
							subsidiary	UKquoted
							undertakings	investments	Total
	Cost or market value						f.	6	6
	At 1 April 2022						2	43,338	43,340
	Increase (Decrease)	in market			value			(2,534)	(2,534)
	At 31 March 2023							40,804	40,806
	Summary ofinvestments					Group 2023 2022		Charity 2023	2022
	UK quoted Investments		at		market value	6	E	E	6
	M 8G Charifund					23,434	24,959	23,434	24,959
	Charltias Olficial Investment			Fund		17,370	18,379	17,370	18,379
						40,804	43 338	40r804	43,338

16	Stocks									Group 2023	2022		Charity 2023 2022	Charity 2023 2022
										6	E		6	E
	Goods for resale									3,007			1,489
17	Debtors									Gmup			Charity
										2023	2022		2023	2022
										6	E		6	E
	Amounts owed by group Prepayments				undertakings					43,137	16,323	43,137		16,323
	Rent Bond									2,500	2,500		2,500	2,500
	Tax and	social security								270
	Accrued	income								60,633	49,393	60,633		49,393
										106,540	68,216	106,270		68,216
18	Creditors: Amounts			falling due within			one year			Group 2023	2022		Charity 2023	2022
										6	E		6	E
	Trade creditors Taxatlon and social security									56,028 29r331	30,571 24,939	56,028 29,331		30,571 24,939
	Other creditors									11,181	9,236	11,456		9,238
	Accruals									37,177	55,567	37r177		55,567
	Deferred	income	(note 18)							275,801 314,690		275,801		314,690
										409r518 435 003		409r793		435,005
	Amounts	owed to	group		undertakings	represents		a	loan to	the trading subsidiary,	B.L.G.C.	Trading	Company	Limited.
	Included	within the above are the following					amounts		falling	due with one year:
										Group 2023	2022		Charity 2023 2022
										6	E		6	E
	Amounts	owed to	group		undertakings								275
										Group			Charity
19	Deferred	income
										2023	2022		2023	2022
										E	E		E
	Deferred	income brought			forward					314,690	563,302		314,690	563,302
	Released	in the year								(314,690)	(563,302)	(314,690)		(563,302)
	Deferred	in the year								275,801	314,690		27S,801	314,690
										275,801	314,690		275,801	314,690
20	Leasing	Commitments								Group			Charity
										2023	2022		2023	2022
										5	E		E	E
	Within I Within I	year and 5 years								9r167 21,666	9,167 30,833		9,167 21,666	9,167 30,833
	Over 5 years
										30,833	40,000		30,833	40,000

Movement in funds	Movement in funds			Balance at			Balance at
Group and Charity Restricted funds:				1April 2022	Income	Expenditure	31 March 2023
Grants receivable				f
Grants received In respect ofOperations			(Play,	Youtll lk Spam)
- BBCChildren In	Need			20,083	12,500	(32,583)
- Bolton CVS					2,500	(417)	2,083
- Bolton Together					25,920	(24,253)	1,667
- Bolton CVS					9,573	(4,786)	4,787
-The Hargreaves	Foundation				30,000		30,000
- Nationwide					10,000		10,000
- Onside					29,034	(29,034)
- Sports England				1,567	9,984	(8,223)	3,328
-The Victoria Wood		Foundation			5,000	(5,000)
-Westhoughton Town Council					2,460	(2,460)
-Youth Justice Sports Fund					15,870	(15,870)
- Other				18,136	116,587	(64,218)	52,387
Grants received in Service	respect ofTargeted Youth
-Awards For All					10,000	(10,000)
- Bolton CCG				89,491		(89,491)
- Bolton MBC				3,507	64,149	(67,656)
- Bolton Together				7,500	84,996	(67,103)	25,393
- Children in Need					52,475	(52,475)
- Masonic Charitable		Foundation		5,000		(5,000)
- NHS				40,000		(40,000)
- NHS					14,000		14,000
- NHS					37,296		37,296
- Pennine TCS					34,480	(34,480)
- The Steel Charitable		Trust			10,000		10,000
- UKH Foundation -Other				16,100	6,000 185,815	(154,766)	6,000 47,149
Fixed asset restrfcted funds
Spa Road premises				3,843,005	275,000	118,579	3,999,526
Hscken Lane				1,136,848		67,602	1,069,246
Equipment and	Technology			122371		14425	107,946
Total restricted funds				5,303,608	1,043,639	908,421	5,438,826

23	Movement in funds (	con	tin	u	ed	)
	Charity							Balance at I April									Balance at 31 March
									2022	Income		Expenditure		Transfer			2023
	Unrestricted funds:								E		E		E		E		F.
	Designated lands
	Spa Road refurbishment Hacken lane 3G pitch	programme sinking fund							480,582 175,000					(480,582) 25,000			150,000
	Spa Road pitch sinking	fund							50,000						25,000		25,000
	Aspiration Project														75,000		75,000
	Other charitable funds								2,358,021	1,618,244			2,097,365		355,582		2,234,733
	Total unrestricted funds								3,063,603	1,618,244			2,097,362				2,584,733
	Total funds - Charity								8,637,211	2,662,131			3,005,783				8,023I599
	Group
	Unrestricted funds:
	Designated funds
	Spa Road refurbishment programme Hacken Lane 36 pitch sinking fund								480,582 175,000					(480,582) 25,000			150,000
	Spa Road pitch sinking	fund							50,000						25,000		25,000
	Aspiration Project														75,000		75,000
	Other charitable I'unde								2,358,021	1,618,492			(2,095,088)	355,582			2,237,007
	Total unrestricted funds							3,063,603		Ir618/492(2r095r088)							2,587,007
	Total funds - Group								8,367,211	2,662,131			(Srggsrsog)				8,025,833
	Purposes ofdesignated		funds
	The trustees have designated					certain		funds	for future	bursaiies,	purchase		of capital items	and	other	specific activities as
	described above.
24	Analysis oftotal funds							General		Designated		Restricted 31March					31 March
									Funds	Funds			Funds	2023			2022
									6		E		E		E		E
	Tangible fixed assets Investments							2,002,257 40,804				5,176,618 7,178,785 40,804					6,667,377 43,338
	Net current assets							193,946		350,000			262,208	806,154			1,656,495
								2,237,007		350,000		5,438,826 8,025,833					8,367,210
25	Cash flow from operating			activities									2023				2022
													F.				E
	Net income (expenditure)		and		net movement				in funds
	before gains and losses on		investrnenis										(338,844)				444,481
	Depreciation												319,739				321,190
	(Profit) loss on disposal	of	tangible				fixed	assets									14,005
	Investment income												(23,467)				(3,505)
	Decrease in stocks												(3,007)				0
	(Increase) decrease in	debtors											(38,324)				179,630
	Increase (decrease) in	creditors											(25,485)				(238,864)
	Net cash flow from operating					activities							(109,388)				716,937

Financial Instrum	ent	s
Financial assets					Note	2023	2022
						6	5
Measure at fair value		through	net income/expenditure
UK quoted investments		at market value			13	40,804	43,338
Debt instruments	measured at arnortised			cost:
Other debtors					15	2,770	2,500
Accrued income					15	60,633	49,393
						63,403	51,893
Financial liabilities
Measured at amortised		cost:
Trade creditors Other creditors Taxation and social security					16 16 16	56,028 11,181 29,331	30,571 9,238 24,939
						96r540	64,748