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





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|A summary<br>oft|he income and exp|enditure<br>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<br>period|in funds for the|(476I596)|135r218|(341r378)|447 838|



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



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||||||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<br>income|||||||||
|Room<br>Ik facilities hire|||||39,754||39,754|21,526|
|Fundraising<br>events|||||415,102|275,000|690,102|1,055,785|
|Catering|||||12,353||12,353||
|1nvestment<br>income|||||23,467||23,467|3,505|
|Income fmm charitahle|activities||||||||
|Targeted<br>Youth Service<br>Operations<br>(Play, Youth 6Sport)|||||632,283<br>86,217|499,211<br>269,428|1,131,494<br>355,645|998,574<br>284,935|
|Otherincome|||||||||
|Government<br>grants|||||||||
|Total income and endowmenbr|||||1,621,026|1,043,639|2,664,665|2,828,567|
|EXPENDITURE|||||||||
|Expenditure<br>on raising funds|||||||||
|Fundraising|||||305,897||305r897|289,468|
|Expenditure<br>on charitable||activities|||||||
|Targeted<br>Youth Service|||13||873,978|520r972|1,394,949|1,045,942|
|Operations<br>(Play, Youth|5 Sport)||13||781,080|186r844|967,924|718,786|
|Depreciation<br>- charity|||||119,133|200,606|319,739|321,190|
|Governance<br>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)<br>on mvaluati||one and di|sposals|of|||||
|investmenls|||||||||
|Unrealised<br>gains / (losses)|on||||||||
|investment<br>assets|||15||(2,534)||(2,534)|3,357|
|Net movement<br>in funds|||||(476,596)|135,218|(341,378)|447,838|
|Total funds brought<br>forward|||||||||
|As previously<br>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|





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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Consolidated|and Charity|||Balance|Sheets||Company<br>number:||03109525|
|As at 31 March||2023|||||Charity number:||1051292|
|||||||Group<br>2023<br>2022||Charity<br>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<br>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<br>by:||||||||||
|Unrestricted<br>income funds|||||23|||||
|Designated<br>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)<br>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<br>In hand||||1,106,125|2,023,282|





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





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





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|14|Tangible fixed assets -|Tangible fixed assets -|Group|Group|Group|Long leasehold<br>land gr|Motor|Equipment,<br>furniture 8||
|---|---|---|---|---|---|---|---|---|---|
||Cast|||||buildings<br>6|vehicles<br>6|fittings<br>E|Total<br>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<br>land It|Motor|Equipment,<br>furniture<br>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<br>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<br>ofinvestments|||||Group<br>2023<br>2022||Charity<br>2023|2022|
||UK quoted Investments||at||market value|6|E|E|6|
||M 8G Charifund|||||23,434|24,959|23,434|24,959|
||Charltias<br>Olficial Investment|||Fund||17,370|18,379|17,370|18,379|
|||||||40,804|43 338|40r804|43,338|



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|16|Stocks|||||||||Group<br>2023|2022||Charity<br>2023<br>2022|Charity<br>2023<br>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<br>owed by group <br>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<br>2023|2022||Charity<br>2023|2022|
|||||||||||6|E||6|E|
||Trade creditors<br>Taxatlon<br>and social security|||||||||56,028<br>29r331|30,571<br>24,939|56,028<br>29,331||30,571<br>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<br>314,690||275,801||314,690|
|||||||||||409r518<br>435 003||409r793||435,005|
||Amounts|owed to|group||undertakings|represents||a|loan to|the trading<br>subsidiary,|B.L.G.C.|Trading|Company|Limited.|
||Included|within the above are the following|||||amounts||falling|due with one year:|||||
|||||||||||Group<br>2023|2022||Charity<br>2023<br>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 <br>Within I|year<br> and 5 years||||||||9r167<br>21,666|9,167<br>30,833||9,167<br>21,666|9,167<br>30,833|
||Over 5 years||||||||||||||
|||||||||||30,833|40,000||30,833|40,000|





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|Movement<br>in funds|Movement<br>in funds|||Balance at|||Balance at|
|---|---|---|---|---|---|---|---|
|Group and Charity<br>Restricted funds:||||1April<br>2022|Income|Expenditure|31 March<br>2023|
|Grants receivable||||f||||
|Grants received<br>In respect ofOperations|||(Play,|Youtll lk Spam)||||
|- BBCChildren<br>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<br>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 <br>Service|respect ofTargeted Youth|||||||
|-Awards<br>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<br>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<br>TCS|||||34,480|(34,480)||
|- The Steel Charitable||Trust|||10,000||10,000|
|- UKH Foundation<br>-Other||||16,100|6,000<br>185,815|(154,766)|6,000<br>47,149|
|Fixed asset restrfcted funds||||||||
|Spa Road premises||||3,843,005|275,000|118,579|3,999,526|
|Hscken<br>Lane||||1,136,848||67,602|1,069,246|
|Equipment<br>and|Technology|||122371||14425|107,946|
|Total restricted<br>funds||||5,303,608|1,043,639|908,421|5,438,826|



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|23|Movement<br>in funds (|con|tin|u|ed|)||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Charity|||||||Balance at<br>I April|||||||||Balance at<br>31 March|
||||||||||2022|Income||Expenditure||Transfer|||2023|
||Unrestricted<br>funds:||||||||E||E||E||E||F.|
||Designated<br>lands|||||||||||||||||
||Spa Road refurbishment<br>Hacken lane 3G pitch|programme<br> sinking<br>fund|||||||480,582<br>175,000|||||(480,582)<br>25,000|||150,000|
||Spa Road pitch sinking|fund|||||||50,000||||||25,000||25,000|
||Aspiration<br>Project||||||||||||||75,000||75,000|
||Other charitable<br>funds||||||||2,358,021|1,618,244|||2,097,365||355,582||2,234,733|
||Total unrestricted<br>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<br>funds:|||||||||||||||||
||Designated<br>funds|||||||||||||||||
||Spa Road refurbishment<br>programme<br>Hacken<br>Lane 36 pitch sinking<br>fund||||||||480,582<br>175,000|||||(480,582)<br>25,000|||150,000|
||Spa Road pitch sinking|fund|||||||50,000||||||25,000||25,000|
||Aspiration<br>Project||||||||||||||75,000||75,000|
||Other charitable<br>I'unde||||||||2,358,021|1,618,492|||(2,095,088)|355,582|||2,237,007|
||Total unrestricted<br>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<br>have<br>designated|||||certain||funds|for future|bursaiies,|purchase||of capital<br>items|and|other|specific activities<br>as||
||described<br>above.|||||||||||||||||
|24|Analysis oftotal funds|||||||General||Designated||Restricted<br>31March|||||31 March|
||||||||||Funds|Funds|||Funds|2023|||2022|
||||||||||6||E||E||E||E|
||Tangible<br>fixed assets<br>Investments|||||||2,002,257<br>40,804||||5,176,618<br>7,178,785<br>40,804|||||6,667,377<br>43,338|
||Net current assets|||||||193,946||350,000|||262,208|806,154|||1,656,495|
|||||||||2,237,007||350,000||5,438,826<br>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<br>income||||||||||||(23,467)||||(3,505)|
||Decrease<br>in stocks||||||||||||(3,007)||||0|
||(Increase) decrease<br>in|debtors|||||||||||(38,324)||||179,630|
||Increase (decrease)<br>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<br>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<br>liabilities||||||||
|Measured<br>at amortised||cost:||||||
|Trade creditors<br>Other creditors<br>Taxation<br>and social security|||||16<br>16<br>16|56,028<br>11,181<br>29,331|30,571<br>9,238<br>24,939|
|||||||96r540|64,748|