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Infinity 18 Spa Road Bolton BLI 4AG 01204 540100 1 info@blgc.co.uk I blgc.co.uk Raglstsrod Charty No.. 1051292 BOLTON LADS AND GIRLS CLUB TRUSTEES, ANNUAL RPORT & AUDIT ACCOUNTS 181 April 2023- 3181 March 2024 11 Charity Registration Number 1051292 Company Registration Number 03109525 CONTENTS CHAIRS FOREWORD, David Singleton, Chalr of the Trustee Board TRUSTEES, ANNUAL REPORT Page 3 Page 5 Page 5 Page 7 Page 7 Page 7 Page 7 Page 7 Page 8 Page 8 REFERENCE AND ADMINISTRATIVE DETAILS STRUCTURE, GOVERNANCE AND MANAGEMENT Publlc Benefit Rlsk Management Subsldiary Company Induction of Trustees Leadershlp Team / OrganlsatSonal Structure Investment powers and pollcy STRATEGIC REPORT Objectlves and activities Purpose of Charity Vlslon and Maln actlvltles undertaken Page 9 Page 9 Page 11 Page 18 Page 19 Page 19 Page 19 Page 20 Page 20 Page 20 Page 21 Page 21 Page 21 Looklng ahead Flnancial Summary Trading Subsldlary and Consolidation Reserves Policy Pay Pollcy Prlncipal Fundlng Sources Financlal Instruments Trustee's Responslblllties Compliance wlth accountlng standards Audltors INDEPENDENT AUDITORS REPORT Page 22 Page 24 Page 25 Page 26 Page 27 Consolldated Statement of Financial Actlvltles Consolidated and Charlty Balance Sheet Consolldated Statement of Cash Flow Notes to the Financial Statements again this season and has brought new volunteers to the club also. Our Junior Kicks program also saw a significant increase in numbers and those young people will develop with us to form our teams of the future. Our Alternative Provision education offer has been developed during the last few months of the year. Whilst this area of work is still in its infancy the pilot program has been very successful for both young people and schools. We look forward to a full launch of the scheme in September 2024. This offer helps to respond to the unmet demand for alternative education in the Metropolitan Borough and is enhanced by the range of support services we offer our children and young people in Bolton. Llke many other charltable organisations 'post-covid', recruitment to vacancies and to a variety of volunteering roles has been a challenge again this year. The organisation is continuing to try a number of new methods in an attempt to recruit new skills and talent, with varying levels of success. We will build upon these new approaches and partnerships next year as we continue to attract more support for the services we offer for children and young people in Bolton. Personally, after many years, I will be stepping down as Chalr at the end of the flnanclal year. However, I will remain as both a patron and volunteer for a unique, longstanding and successful charity. Finallyi I would like to take this opportunlty to thank all our partners who support our work through grant and trust funding, our many and involved patrons, trustees, volunteers and employees who without BLGC would certainly not have been able to achieve any of the things that we are so proud of supporting thousands of young people in Bolton to be the best that they can be. Dave Singleton Chalr of the Trustee Board Chairs Foreword 2023/24 was both a challenging and a rewarding year for everyone at BLGC. Our first full year of operating from our improved renovated facilities and delivering our services within the post covid era. Adapting to the changing needs and requests from the young people and families we support. Understanding the new economic landscape in relation to fundraising and sponsorship opportunities and welcoming a new CEO to the organisation in June. We have reshaped our football offer at Hacken Lane and successfully piloted our new alternative provision education programme 'Your Time,. Throughout the year, our five-year plan has provided a valuable point of reference for our development with all employees working towards our strategic aims, and significant progress has been made against these, We will continue to use our strategy to inform our annual business plans, key performance indicators and targets going forward. The quality of the universal youth work provision remained high with a great range of Informal learning taking place on a range of issues. Projects delivered during the year have included a variety of sports and opportunities to get active; educational workshops on a range of topics effecting young people. food education. opportunity to participate in and achieve a variety of awards and accreditations. Young Leaders; green champions and re/upcycling' life skills programmes; healthy habits; diverse voices and internal competition opportunltles. Enterprise and employability work also grew from strength to strength supported by our first careers fair attended by many of our Patrons network. A number of new strategic partnershlps have been developed this year that will enable us to provide even greater Information, advice, guidance and opportunities for members of BLGC. Our Targeted Youth Services (rys) have continued to perform well against exceeding our contract requirements, reaching more young people than before and surpassing the expectations of both commissioners and parents. Our TYS team now deliver, Mentoring and Befriending Services, including a specific mentoring programme, 'Aspirations', targeted at looked after children. Our Children and Families service delivers Family Assist, support for Young Carers and support for schools via our 'Team Around the School, service. Post covid our Mental Health and Wellbeing service has also grown this year. In 2023124 they delivered, Safe Zones, a Bereavement Service, Thrive and a Counselling Service. Additionally, contracts for the national roll out of Mental Health Support Teams (MHST) and Family Time have been secured and started operating at the end of 2023. We have continued to build upon our new BLGC Branding and Website this year. The website now allows for growth, easier navigation and we are now communicating to a broader audience. Whilst referrals for our Targeted Services can be made easier for other professionals. Our re-branding as BLGC, has enabled us to communicate more clearly with our patrons and funders about the increased services that we offer and prepares us for newer services and growth plans. The new brand of BLGC in time will help to change perceptions of what we are and what we do, that is, way beyond that of a traditional youth club. We will continue to develop this brand over the coming years to ensure it is embedded with key stakeholders, partners and supporters. A brand that is synonymous with guality, excellence and a charity that truly cares. In addition to our town centre facility BLGC also operate an impressive sports facility, Hacken Lane. 2023124 was another successful year for our football offer, with over 1000 young people (boys and girls) per week accessing football coaching and competitive games. Increased demand from young people led to the development of additional teams Director's Report for the purposes of section 417 of the Companies Act 2006 and Trustees Annual Report for the purposes of section 162 of the Charities Act 2011 for the year ended 31 March 2024. Trustees Annual Report Executive Directors of the company, present their report together with the audited Financial Statements of the charity for the period ending 31st March 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP)"Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the Charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered charity name; Registered charity number: Company (limited by guarantee) number; Bolton Lads, and Girls, Club 1051292 03109525 As of 31st March 2024, the Club's Governance Structure consisted of the following., President: Helen Newlove, Baroness Newlove of Warrington Vlce Presldents: Francis Lee, CBE (to 2nd October 2023 Ross Warburton, MBE Michael Peers Chris Hayward Karen Griffiths Chair of the Board of Trustees: David Singleton Company Secretary: Debbie Sabini Treasurer: stuart Stead Trustees: Noel Sharpe Aris Matheiou Peter Vinden Dr S Greenhalgh Dr A G Juhasz Kathryn Morley Debbie Sabini David Singleton Stuart Stead Ann Rimmer Edward Nally Chlef Executive Officer: Emma Hutchinson (appointed 12106/2023) Registered address: Telephone: Email: Website: 18 Spa Road, Bolton, BLI 4AG 01204 540100 info bl c.co.uk www.bl Bankers: National Westminster Bank PIC 24 Deansgate Bolton BLI IBN Audltors: SCCA Ltd 3 The Studios 320 Chorley Old Road BLI 4JU STRUCTURE, GOVERNANCE AND MANAGEMENT Bolton Lads, and Girls, Club is a company limited by guarantee without share capital and was registered under the Companies Act 1985 on 3rd October 1995 with the registration number 03109525. The Club is also a registered charity, number 1051292, and was registered with the Charity Commission on 7th December 1995. Governed by its Memorandum and Articles of Association dated 3rd October 1995, and as amended by special resolutions dated 23rd November 2004, 28th November 2006 and 24th November 2009, the management of the company's affairs is vested in the board of Trustees (Co-Directors) about whom the Memorandum and Articles of Association state that the number of Trustees shall have no maximum and shall not be less than four. In the event of the company winding-up, the present Trustees and those who have ceased to be a Trustee within one year of such an event have guaranteed the liabilities of the company to the sum not exceeding one pound each. Financial transactions with related parties are disclosed in note 10 to the financial statements and in accordance with paragraphs 227 and 228 of the SORP. Public Benefit The Trustees have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Charity Commission and this is detailed in the Objectives and Activities section of the Trustees, Annual Report. Risk management The Trustees operate a considered and thorough approach to identifying and managing the major risks to which the Charlty is exposed. The risk register, which has been under regular review thls year, is presented and reviewed annually (as a minimum) by the Trustee board; the CEO and Senior Leadership Team review the register quarterly and where a significant change in risk level or type has been Identified, will escalate this to the Trustee board more frequently. Subsidiary Company BLGC operates a wholly owned subsidlary company: B.L,G.C, Trading Company Llmlted for which at least one Trustee of Bolton Lads, and Girls, club is a director. Induction of Trustees BLGC is steered and directed by a team of passionate, enthusiastic and skilled Trustees who bring many years of business acumen, expertise and social awareness to the Board and who represent the major stakeholders of the organisation, When appolnting new Trustees, the Board follows the Club's Trustee Recruitment and Induction Policy that is implemented by the Nominations Committee and is reviewed at least annually, consisting of the Chief Executive in conjunction with the President, Chair and Vice-chair of BLGC. The Nominations Committee meets at least once a year (usually June) or when otherwise deemed appropriate and assumes the following responsibilities: Consider Board structure, Review the composition of the Board including the evaluation and balance of skills, knowledge, and experience of Board members. Give consideration to succession planning for Trustees. Prepare a description of role, responsibility and capabilities required for a Board appointment. Make recommendations to the Board concerning the standing for re-appointment of Trustees. Identify potential candldates to be appointed as Trustees and make recommendations to the Board as the need may arise. Determine and review successlon plans for the Chair. Candidates will not be approached until a recommendatlon has been made to the committee, subsequently agreed by the Board and the appointment of a nominee to approach the potentlal candldate. Potential new Trustees are then Interviewed by the Chair and the Chief Executlve and are provided with a Bolton Lads and Girls Club information pack and prior to appolntment wlll attend at least one meeting of the Trustees. Followlng appolntment, new Trustees are requlred to undertake an Induction programme including role responslbllltles and expectatlons, a Disclosure and Barrlng Service check, and undergo a structured Introduction to Club services. Upon appointment to the Board, Trustees are expected to attend bi-monthly Board meetings, for which papers are submitted a week prlor to the date. Leadership Team The Charity Chlef Executlve provldes key strateglc leadershlp to BLGC and chalrs the Senlor Leadership Team meetings every month which provide the opportunity to strategically set goals, review progress agalnst and identlfy actlons that ensure objectives relating to policies, performance and practice, across all sectlons of BLGC. The Charitles Leadership Team to the period ending 3 1st March 2024: Sarah Randall Emma Hutchlnson Sarah Randall Daniel Schofield Jackie Roblnson Zoe Mitchell/Kim Owen Kelly McFadden Ivan Crompton Interlm CEO from February 2023 untll 12th June 2023 Chlef Executlve from 12th June 2023 Dlrector of Chlldren & Young people Head of Play Youth & Sport Head of Finance & Executive Support Head of People & Culture Head of Fundraising & Communications Head of Alternative provlslon from January 2024 Investment Powers and Pollcy Under the Memorandum and Artlcles of Assoclatlon, the charltable company has the power to make any Investment whlch the trustees see flt. Investments are made where requlred to further the aims and objects of the charity. OBJECTIVES AND ACTIVITIES Purpose of Charity Bolton Lads & Girls Club (BLGC) is an innovative, dynamic and progressive children and young people's charity based in the Bolton. Our mission is "to enable children and young people, especially those from disadvantaged backgrounds, to live happier, healthier and positive lives by providing somewhere to go that's safe and modern, something to do that is inspiring and engaging, and someone to talk to when they need it the most" Currently open 5 days a week, 51 weeks of the year, we provide a vast array of opportunities to improve the lives of our 4,000 active members through universal open access play, youth and sport provision and bespoke targeted services. We operate across three sites, employ around 100 people and have the support and commitment of over 100 volunteers. BLGC (Bolton Lads, Club as it was then) was established in 1889 in Bark Street, Bolton, during a time of great industrial and social change, by two church leaders and three industrialists. This group of local leaders decided they needed to help improve the lives of children who were working in the mills. BLGC was open every evening from 7- 9:30 and provided a place to wash and eat as well as a reading room, gymnasium and a games room, and offered football, cricket, swimming, harriers, chess club, lectures and wood turning. In June 1890 BLGC was officially opened by the Bishop of Manchester, Dr. Moorhouse. In 1993 BLGC officially adopted its new name of Bolton Lads & Girls Club and in 1995 became a company limited by guarantee and a registered charity. In the early 1990s the Club had an increase in popularity and the services it provided, including after school provision and a mentoring program, the first of its kind, and was fast out growing its home on Bark Street. The facility was an old mill and required extensive refurbishment. Backed by local philanthroplsts and business leaders BLGC embarked on a huge challenge in 1998 to raise over £5m to build a new youth Centre, a state-of-the art facility for Bolton's youngsters. In 2002 we opened our Spa Road Centre, a flagship faclllty that attracted interest from all across the UK, and from all sectors including central government. This move to Spa Road was the catalyst for significant growth and initiated the charlty Onside Youth Zones who were set up by BLGC to replicate the Clubs successful model. It's fair to say that BLGC has become one of the key VCSE anchor institutions in the town, providing services and opportunities that meet the changing needs of the town's youngsters for over 130 years. In July 2022 we re-open our maln centre in the heart of Bolton following a major £2.5m investment programme. The lead up to the re-opening is a key time for the charity as we begin to develop our growth strategy for the future and define our key objectives. As part of the re-opening of the centre we will be re-launching the charity through a rebranding and a subtle re-naming exercise, positioning the charity ready for our plans for the future. 2023 was a year of highs and lows, the relaunch of our main centre (Infinity) took longer than we had hoped and cost more than expected, impacting our free reserves. The relaunch was a great success seeing hundreds of young people attend the centre during the evening from day one. By autumn of 2023 the economic downturn and the cost-of- living crisis was impacting the charity and its partners, resulting in a significant shortfall in our expected income from our patronage (local businesses and individuals). In response to this some difficult decisions were made to temporarily reduce our offer to children and young people to reduce staffing costs and overheads in early 2024. Plans were put in place and implemented at the end of the financlal year to offset the shortfall of predicted financial income and to ensure the flnancial situation for the beginning of 2024 reflected healthier position. WE WILL PROVIDE GREAT PLACEStyO GO, POSITIVE THIN to PO, AND PEOPLE THAT CARE. ON OUR IVAI WE Ilill UN HAVE YOU ENJOY WHAT YO EMPOWERING YOU DO IT BETTERI ORK IS SERIOLIS ANO DO IT WITH A SMILE OM Ouk FACE WE ENABLE PEOPLE YO BE THE BEST THeYcAN UE AND GO ABOVE ANO BEYOND CONVENTIONAL LIMITS WE ARE, CARE DRIVEN WI AIM TO DELIVEQ IHE HIGHEST 5IANDAAD& QF SEk¥l£l AN) ¢OIITINUOUSLY IblPAOVI INAOU¢Tr¢ *C*&VSV QUALIIY AtSUPAN¢l INWQVATIOM GENVINE PEOPLE MAKE WE ARE FOCUSED, W DON'T OIVE UP AND WE DO WHATEVÈR IT TAKES THE DIFPERENCE. YOU CAN'T PAY PEOPLÉ TO CARE Opportunltles and Servlces for chlldren and young people The charlty provides a vast array of opportunltles and services for the children and young people of Bolton. These can be split into two main strands: Universal Provlsion: Multl-slte Playi Youth & Sport provislon This is the core work of the charity, avallable for all children and young people, but specifically those from dlsadvantaged backgrounds. Open access centre based recreatlonal, sport and informal educational opportunitles for large numbers of children and young people to try new activities, learn new skills, keep safe, make new friends and build trusting relatlonships with adults. Junlor Club: Play services for 8-12-year-olds across 3 sites Senior Club; Youth Servlce for 13-19 (21 with additional needs) across 3 sites Sport: Offerlng over 20 different sports across our centres aligned with our Try, Train, Team model. Holiday Care schemes: providing crucial care for children during school holidays, especially those on free school meals (HAF) Creatlve Arts: Music, Media, Arts, Dance, Drama to name but a few opportunities. Employability: programmes that enable young people to access education, training and employment National Citizen Service: Government funded programme supporting young people to develop their skills and engage in community / social action, each year over 500 Bolton school leavers take part through BLGC. This government initiative has now finished and being delivered in a very different way, nationally. Young Leaders programme: developing the leaders of the future through development opportunities, youth voice and participation and volunteering work. Football: Over 30 competitive teams, engaging as young as 5, developlng pathways internally and externally for football development Informal education: programmes that raise awareness and provide education for young people around health, wellbeing, education, work, relationships, substance misuse, domestic violence. Formal Education: BLGC are developing a formal education offer that will provide an alternatlve education provision for young people who for a variety of reasons are not attending mainstream education. This will give these young people opportunity to access both an educatlon and soclal development offer in a dlfferent way. Food Bank and essentlal Items supply.. providing food, meals and essentials such as clothlngi shoes, bedding etc for families struggling. Jlion Targeted Youth Services A range of specialist services providing a range of I: l and group services and interventions through a team of experience and qualified practitioners. Page 114 Children & Families Team Young Carers Service A commissioned service through Bolton Children's Services and GM-ICB supporting young carers who reside in Bolton or go to school in Bolton who need more targeted support outside of universal provision. Criteria 8-18-year-old young carers. The offer includes: Medium term support through action plans focusing on wellbeing, advocacy, building resilience. Sessions are offered in school, in community spaces, over the phone and video calls. The whole family approach including signposting and ensuring the right services are involved for a holistic solution towards supporting young carers. l-l Mental Health & Wellbeing support for 8- 12-year-olds only. l-l goal-based sessions offered In school, in community spaces, over the phone and video calls. Group sessions alm to build connections, peer support, independence skills, empower and give young carers a collective Voice. Teams Around the School Commissioned by GM-ICB this is a multi-discipllnary approach providing support to young people/families in participating primary and secondary schools at an Early Help level to improve emotional health and wellbeing. Partners include Social Care, CAMHS and Fortalice. Criteria: Pilot schools in primary and secondary schools for all ages across Bolton. Offer: l-l sessions on emotional health and wellbeing, using goal-based approach, young person led. Regularly reviewed and up to 12 sessions. Sessions offered in school, in community spaces and video calls. Famlly Asslst Service Short term family support offered to parents and families who want help in getting back on track to look after themselves and keep the whole famlly safe. Criteria: Families who have an Early Help Plan and are open to support, advice and guidance. Offer: Up to 12 sessions, with the aim of supporting parents and famllles with identified needs, to increase their knowledge, skills, confidence, and ability. Support could be around finances, physical/mental health & wellbeingi employment, housing, behaviour, structures and routines, or general family dynamics/relationships. Focus and build on strengths. Famlly Tlme Servlce Commissioned in early 2024 by Bolton's Children Services to provide supervised contact for chlldren who are looked after visiting family and loved ones. Thls Is a pilot year for us with the view to becoming a long-standing commissioned service meeting the needs of children in care. Mentoring and Befriending Team Mentoring Service l-l long term Mentoring programme for children and young people through hollstic action plans and whole family approach. Sessions offered in school, in comrnunlty spaces, over the phone and video calls. Criteria: 8-18 years old for Children on Child Protection Plans, Edge of Care or Open to an Early Help Plan. Mentors are usually highly trained volunteers, and the work can last over 2 years. Aim: To build self- confidence, self- esteem, and resilience through trusted relationship Aspirations Mentoring Programme: l-l long term Mentoring programme for Looked After children and Care Leavers building aspirations through action plans focusing on improving engagement/focus in education/learning. Sessions offered in school, in community spaces, over the phone and video calls, Mentors are usually volunteers. Relationships can last 2 years or more, Criteria: 8-18 years old Children who are Looked After by Bolton and settled in Bolton or long-term placements in Bolton. Aim: To build self-worth and aspirations for their future via building self-confidence, self-esteem, and resilience and create links and pathways through to school, college and higher education. Independent Vlsitor Scheme: A commissioned service through Bolton Childrens Services, providing long term befriending for children and young people who need to build trust with someone outside the care system and need a consistent trusted adult to advise and guide them. Ivs are volunteers. Criteria: Open to children who are Looked After by Bolton MBC only. 8- 18 years old. Aim: To help build self-esteem and self-confidence through relationship building. Mental Health and Emotlonal Wellbelng Team Thrive Wellbeing Servlce Commissioned through Bolton Together. OurThrive service is foryoung people who requlre support for low level to moderate mental health concerns such as anxiety and low mood. Criteria 11-18 years old. Young people should not be currently accessing CAM HS or a counsellor. Offer: l-l sessions on mental health and wellbeing, using goal-based approach, young person led. Regularly reviewed and up to 12 sessions. Sessions are offered in school, in communlty spaces, over the phone and video calls. Childrens Bereavement Service Commlssioned through GM-ICB. The Listening support servlce for chlldren and young people who have experienced a death or loss of someone significant and are struggling to cope with their emotions surroundlng their grief. Advice and signposting can be given to young people, families, school, and other professlonals to aid the conversation around bereavement. Criteria: 8-18 years old. Ideally the bereavement is at least 6 months ago. Offer: Advice and signposting. l-l listening support sessions, age related, and young person led. Up to 12 sessions and revlewed regularly. Sessions are offered in school, in community spaces, over the phone and video calls. Chlldren's Counselllng Servlce Commissioned through Bolton Together. The counselling servlce would receive referrals for young people aged 11-19 (25) living in Bolton or on roll at a Bolton school. The service will provide talking therapy based on CBT, that allows young people to discuss their problems and any difficult feelings they encounter in a safe, confidential environment. For those young people where verbalising may be challenging the use of Play and/or Art therapy interventions could be used. The service supports young people experiencing: Anxiety Depression Anger Difficult life experiences Panic attacks struggling to cope Low self-esteem Hearing voices Unwanted thoughts Post-traumatic stress disorder Safe Zones Commissioned by Pennine Care and subcontracted via The Childrens Society, this is a step-down brief intervention service for young people who have experienced a mental health crisis with Rapid Response Teams (RRT), A&E, CAMHS. Part of the Greater Manchester Mental Health Crisis Care Pathway to improve the services young people receive who have experienced a mental health crisis. There are currently four Safe Zone spaces across GM, BLGC is one of them. Criteria: 8-18 years old referral can only be made through RRT, All Age Mental Health Services and CAMHS. Offer: l-l sessions on coping strategles, distraction techniques and agreed goal-based outcomes with young person wlthin a 6-week timeframe in school or at our Centre. Mentally Healthy Support Team Commissioned by GMCH in Bolton, BLGC will be the VCSE dellvery partner as part of the rollout of the national MHST programme in agreed Bolton schools. Working alongside the NHS and In partnershlp this offers pupils low-moderate support with their mental health on a l-l basis using evidence-based interventions. This vision is to work towards providing a whole school approach towards mental health and enabllng educational staff and schools to better support their students through creating mentally healthy environments and upskilling key educational staff. Reach BLGC has an active membership of over 4,000 chlldren and young people. During 2024/25 we expect to reach at least 1,200 Indlvidual children and young people each week. Partnerships Collaboration, alliances and partnerships are key to our work, and we enjoy positive effective relationship with a range of local, regional and national organisations. Facilities and Assets Inf inity: Our main centre is in the town centre on Spa Road. Located over three floors It is a state- of-the-art facility demonstrating the value placed on young people. The facility boasts: Reception and greeting area Indoor climbing wall Multimedia studio Sound recording studio Green Room Indoor sports hall comprising 3x badminton courts/ I x basketball court Boxing Gym Fitness Gym Dance Studio Recreation area Cafe and seating area Arts & Crafts studio Gaming Zone Safe Zone room Mentoring meeting rooms Outside 3G Astro pitch Tralning and development Room Project rooms Changing and shower facilities Office space for 40 staff LOOKING AHEAD 2024128 Our Ambition Over the next five years we will increase the number of children and families we reach annually to achieve: BE￿ER opportunities and outcomes for MORE children and young people across Bolton To create better opportunities and outcomes for more Bolton children and young people we need to be strategically focussed and have absolute clarity on how we will achieve our ambition. We're committing to three strategic goals that will help us do just that, we will work with children, young people, and their families through a range of Universal provision and Targeted Services to achieve: l. Improved Physlcal, Emotional and Mental Wellbeing Provlding opportunities for children and young people to take part In stimulating and inspiring opportunities and actlvltles that improve the physical, emotional and mental wellbelng will underpin our curriculum model through our universal open access provision programmes. Our provision will transform young lives through sport and physical activity, emotional health and wellbelng services and bespoke non-clinical mental health provision. 2. Stronger and resilient children and young people We want Children and young people to thrlve wlth the love and support of their families and carers. But sometimes they come up against challenges or adverse experiences that makes this difficult. Through our broad provision and by working with external partners we will support them to overcome these challenges and help famllies bulld on thelr strengths. 3. Increased confidence and aspirations for a positive future We want young people to have the best chances early in life In order for them to achieve their full potential in later life. It can be hard for some to access the right support to get them started and many experience setbacks which they struggle to move on from. We wlll provide a range of opportunities and programmes that help them deal with what can be a challenging transition to adulthood, paying particular focus on those with additional needs and care leavers. Our strateglc plan Is underpinned by the followlng prlnclples: l. Delivering Outstanding Services through our Children and Young Peoples Plan 2. Having the best people through our People & Culture Plan 3. Growing our Strategic Partnerships through our Growth & Transformation Plan A number of key themes and actions create the annual plans, and the Leadership Team jointly hold responsibility for implementation and delivery. A review process takes place monthly with a quarterly update report to the Trustees. FINANCIAL REVIEW Financial Summary A summary of the income and expenditure is as follows: Unrestrlcted Restrlcted Funds Funds Total Total Funds Funds 2024 2024 2024 2023 Total incoming resources Total resources expended Gains on investments Net movement in funds for the period 1,717,307 787,219 2,504,525 2,664,665 (1,964,534) (1,039,860) (3,004,393) (3,003,509) 1,256 1,256 (2,534) {252,641) (498,612) (341,378) (245,971) Trading Subsidiary and Consolidation The results of the trading subsidiary are shown in note 3 to the financial statements. Reserves Pollcy The Board of Trustees has established a reserves policy which appropriately reflects the risks to which the Charity is exposed. In compliance with such policy, it wlll review regularly both the sum it wishes to hold in unrestricted reserves and the basis for that figure. The reserves policy considers ongoing fixed costs, excludes variable costs and does not consider expenditure which is linked to restricted projects and therefore covered by restricted funds. The Board has established a policy whereby the unrestricted funds not committed or invested in fixed assets or designated for a specific purpose ("the free reserves held by the charity should be a minimum of 3 months of the resources expended on core activities, which equates to approxlmately £400,000. At this level, the management committee feels that they would be able to continue the current core activities of the charity in the event of a significant drop in funding or other significant issue. This period would allow the Board to consider how the funding would be replaced or the activities changed. The total funds at 31st March 2024 amounted to £7,527,221 of which £5,156,185 was restricted by the donors in their future use; a further £1,830,072 was invested in flxed assets for the use of the charity and £300,000 has been designated by the Board for specific projects. This leaves a balance of free reserves of £240,964. The Board will continue with their efforts to maintain the level of unrestricted funds at a minimum of 3 months core activity expenditure. Going concern The Financial Statements are prepared on a going concern basis. The ongoing impact of the pandemic has required the Charity to reassess its financial position and the ability to continue to operate as a going concern. After careful analysis of the Charity's income, expenditure and unrestricted reserves, the Trustees, are confident in the Charity's ability to continue as a going concern. Decisions were implemented early in the period to react to any potential drop in funds during 2023/24 and in consideration of a reduced workload across some organisational functions, as well as uncertainty around securing new income streams. The Trustees are pleased that this bold but critical move had a positive impact on the financial health of the Charity whilst allowing us to continue to deliver critical support and services for children, young people and families. The Charity's 2024125 budget has been established In consideration of the ongoing impact of the pandemics (as far as possible), which provides supporting evidence on the going concern assessmenL Pay pollcy The Trustees consider the board of Dlrectors, who are the Charlty's Trustees, and senior employees (CEO and Senior Leadership Team) comprise the Key Management Personnel of the Charity. This group is in charge of directing, controlling, runnlng and operating the Charity on a day-to-day basis. All Directors (Trustees) glve of their time freely and no Director received remuneration in the year. The remuneratlon of the full staff team Is reviewed annually by the Leadership Team, CEO and the Board of Trustees, if financial resources allow, generally increased In accordance with average earnings. Due to the uncertainty C￿ated by the Pandemic, no increase was awarded in the period, Prlncipal Funding Sources The total incomlng resources for the year 2023/24 arnounted to £2,504,525 and are Identifled in the followlng income split: Charitable Activity Fundralsing & Events Room & Facilities Hire Tradlng Company Other Income includlng Voluntary, and Investments 150/0 4% 1% 20/0 Financlal Instruments Details of the charltles flnanclal rlsk management objectlves and policies are included In note 24 to the flnancial statements. TRUSTEES. RESPONSIBILITIES The charity's Trustees (who are also Directors of Bolton Lads, and Girls, Club for the purposes of company law) are responsible for preparing the Trustees, Annual Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Charity's Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company 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 accounting estimates that are reasonable and prudent; State whether applicable UK Accounting Standards have been followed, subject to any material departures dlsclosed and explained in the financial statements; and Prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguardlng the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Trustees are aware, there is no relevant audit informatlon of which the charity's auditors are unaware. The Trustees have taken all steps that they oijght to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. Compliance wlth Accountlng Standards The Trustees confirm that the accounts comply wlth current statutory requirements, the requirements of the Charity's governing document and the requirements of the Charities SORP. In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. Audltors SCCA have indicated their willingness to continue in office and a resolution proposing their reappointment will be put to a Trustee meeting in early 2024. The Trustees report was approved on 26 November 2024 at a meeting of the Trustee Board and was signed on behalf of the Trustees by: D SINGLETON Chair of Trustees Page. 122 Independent Auditor's report to the Members of Bolton Lads, and Girls Club Oplnlon We have audlted the flnanclal statements of Bolton Lads, and Glrls, Club {the 'charltable company,) and Its subsldlary I'the groLtp') for the year ended 31 March 2024 whlch comprSse the Con5011dated Statement of Flnanclal Actlvltles {In¢orporatlng the Income and Expendlture account), the CDnsolldated and Charlty Balancé Sheet, the Consolldated Cash Flow Statement and notes to the flnandal statements, IncludlTrg a summary of signlflcant accour)tlng pollcles. The financial reportln9 framework that has been applled In thelr prepardtlon Is appllcable law and Unlted Klngdom Accountlng Standards (Unlted Klngdom Generally Accepted Accountlng prattl￿), In our opSnlon the financlal statements., glve a true and falr vlew of the state of the group and parents affalrs as at 31 Mar(h 2024 and of the groups Incomlng resources and applicatlon of resources, Includlng Its Income and expendlture, for the year then ended,. have been properly prepared In accordance wSth Unlted Klngdom Generally Accepted ￿COUntIng Prartlce,. and have been prepared In accordance wlth the requlrements of the Companles Art 2006. Ba$lg for oplnlon We conducted our audit In accordance wlth Internatlonal Standards on Audlllng {UKI {ISAs IUK}} and appllcable law. Our responslblllties under those standards are further deseribed In the Auditors, responslbllltles for the audlt of the flThanclal statements sectlon of our report. We are Independent of the charltable conipany In accordance wlth the elhlcal requlrements that are relevant to our audlt of the flnanclal statements In the UK, Includlng the FRC'S Ethlca1 Standard, and we have fulfllled our other ethlcal responslbllltles In 4¢¢ordan¢e wlth these requlrements. We belleve that the audlt evldence we have obialned Is sufflclent and approprlale to provlde a ba515 for our oplnlon. Conclu¥lons r•l•tlng to golng ¢onurTh In audltlng the flnanclal statements, we have concluded that the trustees. use or the golng conc8m basls of accountlng In the preparatlon of the flnanclal statementsls approprlate. Based on the work we have performed. we have not Identlfied any materlal uncertalntles relatlng to events or condltlons that, Indlvidually or collectlvelyi may cast slgnlllcant doubt on the tharltèble company's ablllty to contlnue as a golng concern for a perlod ol at least twelve months from when the flnanclal statements are authorlsed for Issue. Our responslbllltles and the responslbllltles of the trustees with respect to going conwn ère dèscrlbed In the relevant sectlons of thls report. other Informètlon The trustees are resptsnsible for the other Informatlon. The other Informatlon comprlses the Informatlon Induded In the Annual Report, other Ihan the financlal statements and our Report of Ihe Independent Audltors Ihereon. Our oplTrlon on the flnanclal statements does not cover the olher Informatlon and, except to the extent otherwise expllcilly stated In our report, we do not express any form of assvrance concluslon thereon. In connectlon wlth our audlt of the ilnanclal statements, our responslblllty Is to read the other Informatlon and, In dolng so, conslder whether the other Infomiatlon Is materlally Inconslstent wlth the flnanclal statements or our knowledge obtalned ￿n the avdlt or otherwlse appears to be materlally mlsstated. Jf we Identlfy such materlal Inconslstencles or apparent materlal mlsstalements, we are requlred to determlne whether thls glves rlse to a materlal mlsstatement In the flnanclal 5tatementS themselves. If, based on the work we have pèrformed. we conclu¢Je that there Is a materlal mlsstatement of thls other informalloTh, we are requlred to report that fact. We have nothlng to report In thls regard. Oplnlon¥ on other matters pr•9crlbed by th• CoMp•nI￿ A¢t 2006 In our oplnlon, base¢J on the work undertaken In the course of the audlt.. the Informatlon glven In the strateglc report and the dlrectors report Included wlthln the trustees. report prepared for the purposes of company law, for the finanGlal year In whlch the financlal statements are prepared Is conslstenl wlth the flnanclal statements,, and the slrateglc report and the dlre¢tors report Included wlthln the trustees, has been prepared In accordance wllh appllcable legal requlrements. Matt•r• on whlch we ar• requlr•d to Mport by •xceptlon In the Ilght of the knowledge ènd understandlng of the charltable company and Its envlronmnt obtslned In the course of the audlt, we hève not Identlfled materlal mlsstatements In the strateglc report and the dlre¢tors ￿port induded wilhln the trustees, report. We have nothing to report In respect of the followlng matters where the Companles Act 2006 requlres us to report to you If, in our oplnion- deqLtate and proper 4ccountlng record5 have not been kèpt or retums adequate for our audlt have not been recelved from branche5 not visited by u5: or the financial statements are not In agreement wfith the accountlng records and retums,. or certain disclosures of trustees, remuneratlon specified by law are not made,. or we have not re￿Ived all the Informatlon and explanatlon5 we requio for our audit. Respon$lbllltl•s of tru$t¢¢s As explalned more fully In the Statement of Trustees, Responsibilities, the trustees (who are also the direclors of Ihe charitable company for the purposes of company law) are responslble for the preparatlon ol the flnanclal statements and for belng satlsfled that they give a true and fair vlew, and for such internal control as the trustees delerrnine Is nettssary lo enable the pre￿ratIon of flnancial statements that are free from rnaterial rnlsstatement, whether due to Iraud or error. Independent Auditor's report to the Members of Bolton Lads, and Girls Club Résponslbllltles of trustees (Contlnued) In preporSng the flnancial statements, the trustees are responsible for a55esslng the charltable company'5 ablllty to continue a5 golng concern, dlscloslng, as appllcable, matters related to golng concern and uslng the golng con￿rn basis of accountlng Uybless the trustees either Intend to liquldate the charltable company or tg ¢ease operation5, or have no reallstlc alternative but to do so Audltorfs rasponslbllltles for th• audlt of the flnanclal statements Our obJectlve5 are to obtaln reasonable assurance about whether the flnancial statements as a whole are free from materlal mlsststement, whether due to fraud or error. and to Issue a Report of the Independenl Audltors that Includes our oplnlon, Reasonable assurancels a hlgh lèval of assurance, but Is rbot a guarantee that an audit conducted In accordance wl¢h ISAS (UK) wlll always detect a materlal mlsstatement when It exlsts. Mlsstatements can arlse from fraud or error and are consldered materlal If, Indlvldually or In the a99￿gate, they could reasonably be experted to Influence the economlc declslons of users taken on the basls of these flnanclal statements. The extent to whlch our procedures are capable of Oetectlng Irregularltles, Includln9 fraud Is detalled below: A further descriptlon of our re5ponslblllties for the au(ilt of the flnanclal statements15 located on the Financlal Reporting Council's webslte at www.frc.org.uvaudltorsresponslbllltles. Thls de5crlptlon forms part of our Report of the Independent Audltors Irregularltles, Includlng fraud, are Instances of non-compllance wlth laws and re9ulatlons. We deslgn procedures In Ilne wlth our re5ponsibllltles, to detect materlal misstatements In respect of Irregularitles, Includlng fraud and error and dlscussed these between our audlt team members. We then deslgned and performed audlt procedure5 responslve to those rlsks, Includlng obtalnlng audlt evldence sufflclent and approprlate to provlde a basls for our tsplnlon, We obtalned an understandlng of the legal and regulatory frameworks wlthln whlch the charltable company and 9roup operates, focuslng on those laws and regulatlons thai have a dlrect effect on the deterMIna￿On of materlal amount$ and dlsclosures In the finan¢lal statement$. The laws and regulatltsns we considered In thls Context were tho Companles Act 2006, the Charltles Act 2011 together wlth the Charltles SORP {FRS 102). We assessed Ihe requlred compllance wlih these law5 and règulatlons as part of our audlt procedure$ on the related flnanclal statement Items. In addltlon, we consldered provislons of other laws and règulatlons that do not have a dlre¢t effect on the flnanclal statements but tompllance wlth whlch ml9ht be fundamental to Ihe charitable company'5 and Ihe group's ablllly to operate or to avold a malerlal penalty. We also consldered the opportunltles and Incenllves that may exlst wllhln the charltable company and the group lor fraud. The laws and reguljtions we considered In thi$ context for the UK operatlons were General Data Protectlon Regulatlon (GDPR} and Anti-fraud, brlbery and corruptlon leglslatlon. Audltlng standards Ilmlt the requlred audlt procedures to Identlfy non-compllance wlth these laws and regulatlons to enqulry of the Trustees and other management and Inspectlon of regulatory and legal correspondence, If any. We Identlfied the greatest rlsk of materlal Impart on the flnanclal statements from Irregularbtles, IncludlThg Iraud, to be wlthln the tlmlng of ￿cOgnItItsn of Incorne and the overrSde of controls by management, Includlng estlmates and judgments, Our audlt procedures to respond to these rlsks Included enqulrles of management, and the Flnante and Tr￿stee Commlttees about thelr own Identlflcatlon and assessment of the r15ks of l￿egUl0r1tleS, sample testlng on the postlng of Journals, revlewlng accountlng estlmates for blases. revlewlng regulatory correspondence wlth the Charlty Commlsslon, and readlng mlnutes of meetlngs of those charged wlth governano. Owlng to the 5nherent Ilmltatlons of an audlt, there Is an unavoldable rlsk that we may not have detscted some materlal rnlsstatements In the flnanclal statements, even though we have properly planned and performed our audit In accordance wlth audltlng standards. For example, the further removed non-compllance wSth laws and regulatlons (Irre9ularltlesl Is from the evenls and transactlons reflected In the financlal statemenls, the less Ilkely the Inherently Ilmlted procedures reqUI￿d by audltlng standards would Identify it. In addltlon, as wlth any audlt, there remalned a hl9her r15k of non.detectlon of Irregularlties, as these may Involve colluslon, forgeryi Intentlonal omlsslons, mlsrepresentatlons, or the overr6dè of Intemal eonlrols. We are not responslble for prevèntlng non.compllance and ¢annot be expected to detect non.¢ompllance wlth all laws and regulatlon5. Use of our report Thls report Is made solely to the charitable company's members, as a bodyi In accordance wlth Chapter 3 of Part 16 01 the Companles Act 2006, Our audlt work has been undertaken so that we Tnlght State lo the charitable compèny'5 members those matters we are requlred lo state to them In an audltors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responslbllity to anyone other than the d)arltable company and the charltable company's members as a body, for our audlt work, for thls report. or for the oplnlons we have formed. Robert stafford BA (Hons) FCA (Senlor Statutory Auditor) For and on behalf of.. SCCA Llmlted CHARTERED ACCOUNTANTS AND STATiJTORY AUDITORS 3 The Studlos 320 Chorley Old Road Bolton BLI 4JU 26 November 2024 Page 124 Consolidated Statement of Financial Activities (incorporating an Income and Expenditure Account) For the year ended 3 1 March 2024 Unr••trlctod Pund$ 2024 Restrl£ted Funds 2024 Total Funds 2024 Total Funds 2023 Note> INCOME Jncome from donatlons •nd legacles Other tradlng Incon Room & facllltles hl Fundralslng events Caterlng Investm•nt Incom• 633,851 633.851 411.850 101,021 364,197 23,419 101,021 364,197 23,419 39,754 690,102 12,353 45,156 45.146 23,467 In¢omv from Charltable xtlvltles Targeted Youth Servlce Operatlons (Playi Youth & Sport) Other lftcom• Insurnnee elalrn 409,256 137,656 35l635 434.583 761,891 572,239 1,131,494 3S5,645 2,762 1702 Total Income and endowm•nt* 1.717,307 787.219 504,526 2,664,665 EXPENDITURE Expendlturn on r•l$lnp fund Fundralsinp 2xp•ndlturn on ¢harlt•bl• artlvltl•$ Targeted Youth Servl Operatlon5 (Playj Youth & Sport} Altematlve Provlslon Depreclatlon - chadty Governance costs 14 389.928 389,928 305,897 14 14 14 695,117 725.222 42,426 101.041 10,800 394,S15 418,445 1,089,631 1,143,667 42,426 327,941 10,800 1,394,949 967,924 216.900 319,739 15,000 14 Total •xpondltur• 1,964,534 1,039.860 3,004,394 3,003,509 N•t Incom• (•xp•ndltuM) and net mov¢m¢nt In lunds belor¢ g•ln• and lo#se* on Invo*tment• G•lns/(losses) on revalu•tlons and dIspo￿tr of Investments {247,227> (252,641) (499,868) {338,844) Unreallsed 9alns l (losses) on Investment assets 16 1,256 1,256 (2,534) Nat movement In fundj {245,971) (251641) {498,612) {341,378) Tot•1 funds brought foThv•rd As prevlously reported 2,587,007 5,438,826 8,025.833 8,367,211 Total lunds urrled forward 25 341,036 5,186,185 7,527,221 8,025,833 Consolidated and Charity Balance Sheets As at 31 March 2024 Company nurnber.. Charity number: 03109525 1051292 Group 2024 Charlty 2024 Not¢$ 2023 2023 Flx•d assets Tangible assets Investments 15 6,779,790 42.060 7,178,875 40,804 0.779,790 42,062 7,178,875 40,806 6,821,850 7,219,679 6,821,852 7,219,681 Current as$•ts stocks Debtors Cash at bank and In hand 17 1,495 137,594 931,139 3,007 106.540 1,106,125 1,489 106,270 1,105,912 142,078 923,095 1,070.228 1.21S,672 1,065,173 J,213,671 Credltors: amount$ f•lllng du• wlthln on• year 19 {364,857) 1409,518) (362,078) {409,793) N•t current 11*$ots 705.371 806, 154 703,09S 803,878 Tot•1 ass•t• l•$* ¢urront Il•bllltl8s 7,527,221 8,025,833 7,$24,947 8,023,559 R•pr•s•nt*d byi Unrastrfcted In¢ome fufid• Deslgnated fvnds Funds retalned wlthln non-charltable subsldlary General funds 24 300,000 350,OOQ 300,000 350,000 2,041.036 2,237,007 2,038,762 2,234,733 rotal unrnstrlcted funds Re•trl¢t¢d Income fund• 2,341,036 5,186.185 2,587,007 5,438,826 2,338,762 5,186,185 2,584,733 S,438.826 Total ¢h•rlty funds 25 7,527,221 8,025,833 7,527,947 8,023,599 The financlal statements on pages 16 to 29 were approved and authorlsed for Issue by th• Board of Trustses and slgned on ts behalf by: D Slngl•ton Chalrman 26 November 2024 Page 126 Consolldated Statement of Cash Flows For the year ended 31 March 2024 Not• 2024 2023 Cagh flow from operatlng actlvltle$ 27 {158.319) (109,3881 Cash flow from Investlng actlvltles Investment Income recelved Re￿Ipts from sale of tsn9lble fixed assets Payments to acquire tanglble flxed assets 45.146 1,570 {63.383) 23,467 (i) {831,236) (1fj.fj67) (807,770) In¢r¢)se (decreas•} In c•$h and cash equlv•l•ntA (174.986) {917,158) Cash and cash •qylval•nt• at l Aprll 2023 1,106,125 2,023,283 Co$h and ¢a$h ¢qulvJl•nt• •t 31 March 2024 931,139 1,106,125 Cash and co*h equlval•nt• ¢on•lrt ofi Cash at bank and In han¢J 931,139 1,106.125 Page 127 Notes to the Financial Statements For the year ended 31 March 2024 Statutory Informatlon Bolton Lads & Glrls Club Is a reglstered charlty and a company Ilmited by guarantee In the United Kingdom. Zn the event of the Charity belng wounij UP* the liability in respert of the guarantee Is Ilmlted to £1 per member of the charlty. The address of the registerèd office is givèn in the charity informatlon orb page 4 of these flnanclal Statements. The charlty's operations and prlnclpal artlvltles are the provlslon of youth servlces through the operatlon of Its youth cenlre. The charlty con5titule5 a publlc beneflt entity as defined by FRS 102. The flnanclal statements have been prepared In accordance wlth Accountlng and Reportlng by Charltles: Statement of Recommended pract1￿ appllcable to charllles preparlng accounts In accordance wlth the Financlal Reportln9 Standard appllcable In the UK and Republlc of Irelarbd IFRS 102115sued on 16 July 2014, the Flnanclal ReportSng Standard appllcable In the Unlted Kln9dom and Republlc of Ireland IFRS 102), the Charities Act 2011, the Companles Act 2006 and UK Generally Accepted Accountlng Practlce as It applles from l January 2015. Aecountlng poll¢les Basls ol preparèilon The financlal statements of the charltable company* whlch Is a publlc beneflt entlty under FRS 102, have been prépared In accordance wlth the Charltles SORP (FRS 102) 'Accountlng and Reporting by ChariilÈs= Statement of Recommèndèd practi￿ appllcable to charltles preparlng thelr accounts In accor(lance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 1021 {effectfjve l January 2019),, Flnandal Reportlng Standard 102 'The Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland, and the Companles Act 2006. The flnanclal statements havè been prepared under the hOstorl¢al cost conventlon. wlth the exceptlon of Investments whlch are Included at market value. as modified by the revaluation of certaln assets. The accounts are prepared In starllngi whlch 1$ the functlonal currency ol the charlty. The accounts have been prepared under the hlstorlcal cost conventlon. Con8olldatlon These fihanclal statements consolldate the ￿SuIts of the charlty and Its wholly owned subsldlaryi B.L.G.C. Trading Company Umlted on a Ilne by Ilne basls. All Intra-group transa¢tlons are ellmlnated on con5011datlon. A separate Statement ol Flnanclal Actlvltles, or Incorne and expendlture account, for the charlty Itself Is not presented because the charlty has taken advantage of the exemptlons afft>rded by sectlon 408{3} of the Companles Act 2006. In¢om• rrfognltlon Income Is recognlsed on a receSvable basls and Is reported gross of related expendS¢ure, Income Is recognlsed when the chartty has entitlement to the funds, any performance condltSon5 have been met or are fully wlthln the control of the charityi It Is probable that the Income w511 be re￿1ve￿, and the amount caTr be Measu￿ rellably. Grants are generalty recognlsed on recelpt, or otherwise If the charlty has been notlfied of an Impendlng dlstrlbutlon, the amount Is known, and recelpt Is expected. Grant Income recelved or Involced In the perlod whlch relates to a perfomance related condltlon fulfllled In a later perSod Is deferred to that later perlod. A grant that speclfles Performan￿ condltlons 15 recogn15ed In Income when the perfomiance condltl¢ns are met, Govemment grants are recogn15ed at the falr value of the a$5et recelved or recelvabje when there Is reasonable assurance that the grant condltlons wlll be met, and the grants wlll be recelved. Income from other fundralslng actlvltles Is recognlsed ono the event has taken place and monles havè been ￿￿1ved. Donatlons are recognlsed once the charlty has beèn notified of the gift, unless corbdltlons requlre the deferral of ihe amount. Legacles are recognlsed when the amount has been establlshed wlth reasonable certalnty. The subsldlarles commerclal tradlng tumover comprlses of conslderatlon recelved or r￿1Vable for the sale of goods net of saleslvalue added tax, ￿tUrns, rebates and dlscounts, Expendlture re¢ognltlon Llabllitles are recognlsed as expendlture as soon as there Is a legal or construttive oblbgatlon commlttlng the charlty to the expendlture. Expendlture Includes VAT whSch cannot be fully recovered, as the charlty Is not re9lstered for VAT purposes, and Is reported as part of the expendlture to whlch It relates. All expendlture Is accounted lor on an accruals basls and has been cla5slfled under headSngs Ihal aggregate all costs ￿lated to the category. Expendlture on ra151ng fund5 compr15e the costs associated with attracting voluntary Income and the ¢osts of tradlng for fuDdr)151ng purpose5. Expendlture on Charitable artlvltles comprlses those costs Incurred by the charfty In the dellvery of Its actlvltles and servlce for its benefi¢iarie5. It Includes both costs that can be allocated dI￿rtlY to such activltle5 and those cosis of an indlrect nature necessary to support them. Governance costs comprlse all costs Involvlng the ac¢ountabllity of the charlty and Its complIan￿ wlth regulation and good practice. These costs Include costs related to the statutory audlt and legal fees together wlth an apportionment of overheads and support costs. All costs are allocated between the expendlture categorles In the Statement of Flnanclal Artlvltles on a basls to reftett the use of the resource. Costs relatlng to a partlcular actlvity are allocated dlrecllyi Otheis are apportioned on an approprlate basls e.g. Hoor area or estlmated usage as set out In Note 10 to the flnancial ststements. Notes to the Financial Statements (continued) For the year ended 31 March 2024 A¢eountlng pollcles (contlnued) Flx•d asMt Investments Investments are Inltlally measured at falr value, as at the balance sheet date. wlth changes In falr val¥Je recognlsed statement of flnanclal activities. The Investments are held as a reserve fund and are not avallable for fundlng general overheads, Investments In shares whlch are not pvbllcly traded and where falr value cannot be measured rellably are measured at eost less Impa1rmL￿t. Tanglble fixod •1$4ts Tanglble flxed assets are stated at cost less accumulated depreclatlon and accumulated lrnpalrrnent losses. Computer equlprnent, equlpment. and furn5ture and fittlng5 purcha5e5 COStlng more than E500 have been capliallsed and Included at cost on the Balance Sheet a5 Tanglble Flxed Assets. Any ftlated grants are shown as restrlcted flxed asset funds whlch lund future depredatlon of the assets. Where parts of an Item of tanglble flxed assets have dlfferent useful Ilves, they are accounted for as separate Items ol tar)glble flxed assets. for example land Is treated separately from bulldlngs. The charlty assesses at each reportlng date whether tanglble Axed assets a￿ Impalred, Flxed assets are depreclated so as to wrlte off cost or valuatlon, less antlclpated resldual value, over thelr antlclpated useful Ilves, subject to annual revlew, as f¢llows', Long leasehold property 2 to 4% Stralghl Ilne Motor vehlcks 25% Reduclng balance Equlpment, fumlture and fittlngs io to 20% Reduelrng balan Computer equlpment 20% Stralghl Ilne Depreclatlorb methods, useful Ilves and resldual values are revlewe¢J If there Is èn indlcallon of a slgrnlflcant change slnce the last annual reportlng date. Resldual value Is based on prlces prevalllng at the date of acqulsltlon or subsequent valuhtlon. Whe￿, be¢ause of hlgh estlmated resldual value, depreclatlonls Immaterial, no depreclatlon Is charged but an annual revlew for Impalrment Is perfomed. Both resldual values and useful Ilves are revlewed and adjusted, If approprlate, at each Ilnanclal year end. Long leasehold and property depreclatlon rates have been ¢hanged In the year on the completlon of the refurblshment al Spè Road to reflect the estlmated economlc Ilfe of the bulldlng. The carrylng amounts of the charlty's asset$ are revlewed lor Impalrment when events or changes In clrcumstances Indlcate that the arrying amount of the flxed asset may not be retoverable. If any such Indlcatlon exlsts, the asset's ￿coverable amount is estimated, stocks Stocks are stated at the lower of cost and estlmjted selllng proce less costs to complete and sell. For Iln15hed good5, C05t COMP￿Se9 dlrect materlals and, where appllcable, dlrect labour costs Jnd those overheads that have been Incurred In brlnglng the stocks to thelr present locatlon and condltlon, Operatlng lea$e$ Operatlng lease rentals are charged to the statement of flnanclal acllvltles Js they are Incurred. Tax The charlty Is an exempt charlty wlthln the meanlng ol schedule 3 of the Charltles Art 2011 and Is consldered to pass the tests set out Paragraph I Schedule 6 Flnan¢e A¢t 2010 and therefore It meets the dellnltlon of a charltable company lor UK corporatlon tax purposes. P¢nglon ¢ost• The chartty mbkes contrlbutlons to a superannuatlon scheme provldlng benefits lor certaln employee5 additlonal to those nomally provlded by the state, The penslon c05t charge represents contrlbutlons payable by the company to the superannuatlon hjnd In respect of the year. The charity a150 make5 CQntributlons to a defined contrlbutlon group personal penslon plan provldlng beneflts for certaln employees. The penslon c05t charge represents contrlbutlons payable by the Company to the fund in respect of the year. Going concern The trustees have a reasonable expectation based on financial forecasts prepared and an ongolng revlew of flnanclal results that the charity has adequate resources to contlnue In operatlonal exlstence for the foreseeable future and for thls reason they contlnue to adopt the golng concern basls Sn preparing the annual flnanclal statements. Notes to the Financial Statements (continued) For the year ended 31 March 2024 A¢¢ountlng pollcle4 (contlnued) Fund Unrestrlcted funds comprlse accumulated surpluses and defl¢lts that are avallable for use at the d15cretlon of the trustees In furtherance of the general obJectlves of the charlty. Deslgnated funds comprlse unrestrlcted funds that have been set aslde by the trustees for partlcular purposes, Restrleted funds are funds whlch are to be used In accordance wlth speclflc reslrlctlons Imposed by the donors or whlch have been ralsed by the charSty for particular purposes, The alm and use of each re5trlcLed fund Ss set out In the notes to the financlal statements. The flxed asset fund balance represents future depreclatlon of assets orlglnally purchased uslng restrlcted funds and whlch the donor speclfied must be retalned. Trade and oth¢r d¢btor• Trade and other debtors are Initlally recognlsed at falr value and ther•after stated at arnortlsed cost using the effective interest method, less Impalrment losses for bad and doubtful debts except where the effect ol dlscountlng would be Immaterlal. In such cases, the recelvables a￿ stated at cost less Impalrment losses for bad anii doubtful debt5. Cash and caih equlvalants Cash and cash equlvalents comprlse cash at bank and In hand, demand deposlts wllh banks. 7rad• •nd oth•r ered5torn Trade and other credltors are Inltlally recognlsed at falr value and thereafter stated at amortlsed ¢¢st usln9 the effectlve Interest method unless the effecl of diseountlng would be Immaterlal, in which case they are stated at cost. crftlcal accountlng Judgam•nt• •nd key •our¢•s of ostlmatlon un¢ertalnty In the appllcatlon of the accountlng pollcles, the trustee5' are requlred to make judgments, estlmates and assumptlons about the arrylng amount of assets and Ilabllltle5 that are not readlly apparent from other sources. The e5tlmates and assoclated as5umpllon5 re based on hlstorlcal experlence and other factors that are consldered to be relevant. Aclual results may Illffer from these esllmates. The estlmates and underlylng assumptlons a￿ revlewed on an ongolng basls. Revlslons to a¢¢ountlng estlrnates are recognlsed In the perlod In whlch the estlmate Is ￿ViSed where Ihe revSslon affects only that period, or In the perlod of the revlslon and future perlods where the ￿vIsIon affcrts both current and future perlods. The trustees, do not conslder any slgnlflcant estimates or judgements are expected to affect the ¢ompany's assets and Ilobllllles over the next 12 month5. Comm•rcl•l tradlno operatloni The wholly owned tradlng subsldlaryi B.L.G.C. Tradlng Company Llmltesj, operates the ¢offee bar and caterlng facllltles. A summary of the tradlng results Is shown below: Summary proflt and lom aecaunt 2024 2023 Tumover Cost of sale$ AdminSstrative expenses Donatlon lo parent company Loan walver Interest payable and slmllar charges Interest recelvable and slmllar Income Loss on Dlsposal Tax on proflt on ordlnary actlvltles 23,419 {23.419) 12,105 19,831) {Loss) I proflt for the year 2.274 The assets and Ilabllltles of the subsldlary were= 2024 2023 Flxed assets Current assets 11.268 2,274 c￿dItors.. amounts falling Ilue wlthln one year (8,994) C￿ditorS,, amounts falling due after more than one year Provisions for liabilitie5'. Deferred tax Net assets 1274 2,274 Notes to the Financial Statements (continued) For the year ended 31 March 2024 Indlvldual Income Statement A5 permltted by Section 408 of the Companles Act 2006, the Income Statement of the parent company Is not presented a5 part of ihese financlal statements. Donatlon$ and L¢g8¢1¢9 Unre&trlcted Funds 2024 Rqstrfrted Fund• 2024 Total Funds 2024 Total Funds 2023 Donatlons Donated servlces and facllltles 346.651 287,200 633,851 346.651 287,200 186.350 225,500 633,851 41 L,85a Inv¢$tmént In¢ome UnY¢strtrted lund• 2024 R6strl¢ted Pund* 2024 Total Fund# 2024 Tolèl Funds 2023 Llsted UK investments Bank Interest reeelvable 1,292 46,403 1,292 46,403 1,827 21,640 47,695 47,695 23,467 Not movement In fund• Unre•trtrt Fund$ 2024 Rertrlrted Funds 2023 Total Funds 2024 Total Funds 2023 Depreclatlon of tanglble flxed assets Audltor's remuneratlon Audlt seNlces Accountancy ftes - Other servlces Loss {profit) on dlsposal of flxed assets 101,041 10,800 226,900 327,941 10,800 319,739 10,200 4,800 132,957 132,957 Analysls of rtaff ¢ost$ 2024 2023 Solarles and wages Soclal security costs Penslon costs 1,585.319 131,420 74,626 1,737,301 135.818 88,044 1,791,365 1,961.163 The average monthly number of employees, analysed by funrtlon, were.. 2024 Full tlm• numb•r 2024 Part tlme numb•r 2023 Full tlme number 2023 Part tlme number Fundraising events Mentorlng Outreach & Detached Youth cfub Sp(prts Development Targeted Projects Educatlon Management & Thnance 19 ia 22 27 22 27 li 57 42 67 The emoluments of one member of staff, Includlng beneflts In klnd, are wlthin the range of £90,000 Its £99,999 not includlng retirement benefits which are acerulng under a defined benefits scheme. The charlty conslders Its key management personnel comprlse the trustees and the chlef executlve offlcer Notes to the Financial Statements (continued) For the year ended 3 1 March 2024 10 Yax•tlon The charltable company Is exempt from Corporatlon tax on its charltable aLtlvltle5. 11 P¢n$lon ¢ost$ The assets of the Charlly's $uperannuatlon scheme are held by the Tea¢hers' Penslon Agency. The pen51on cost charge represents contrlbutlons made by the charity to the scheme and amounted to £NII (2023 . £17,176). The total number of employees accrulng retlrement beneflt5 under the superannuatltsn scheme durlng the year was O {2023 . 1). Thls scheme hès now ended, The Charlty has another group personal penslon plan. The assets of the flrst plan are held by Scottlsh Wldows. The penslon cost charge represents coThtributlons made by the charity to the scheme and amounted to £74,626 {2023 - É72.133). The total number of employees accrulng ￿tIrement beneflts under the superannuatlon scheme durlng the year was 7812023 - 69). All employees were transferred from the Peoples Pension scheme Into Scott15h Wldows scheme on 111 Aprll 2024. 12 Trustees, r•muneratlon and Mlated partl•s. No trustee recelved any remuneratlon from the charlty durln9 the year. No out-ol-pockel expense5 were relmbursed to any trustee in either the current year or the prevlous perlod. Gateley Vlnden Llmited is under the sole conlml of Trustee P Vlnden. Professlonal Servkes provlded to Bolton Lads, and Glds, Club In the year amounted to £4,80012023 £13,038}. Balances owlng at 3111 March 2024 were É1,20012023 £Nill. All transactlon5 We￿ undertaken al markel value. 13 Po•t B•l•nc• Shwt Ev•nt. After the flnanclal year end but prlor to the approval of the financlal statements the Trustees were made aware thèt an exlstlng property was no longer sultable for the charltles purposes and as such the property ha5 been vacated. A5 ) result of thls vacatlon tho assoclatcd costs Included on the balance sheet incurred as property Improvements were writien off and a net loss on ¢Jisposal of £132,957 was Incur￿￿ as detalled In note 8. Notes to the financial statements (contlnued) For the year ended 31 March 2024 14 Total r¢$oyrceJ ¢xp•nded a)S ¢￿￿ th) ot4 t4M & )m Gov•rnance Alternatlv• Provl$lon **• Opèratlon¥ (Play, Youth & Sport) 10 syx Targ•tsd Youth S•rvlc• ¢0 Fundralslng Basls of •llocatlon 11111111 111111111111111 oooa ooaa ??????2 Notes to the Financial Statements (continued) For the year ended 31 March 2024 15 Tanglble flxed assets - Group Lon9 leasehold land & bulldlngs qulpment, furnlture & flttln95 Motor vehlcles Total Cost At l April 2023 Addition5 Dlsposals 9,970,227 53,994 188,050 27,040 250,473 9,389 10,247,740 63,383 193,090 5,040 At 31 March 2024 9,836,171 22,000 259,862 10,118,033 Depreclatlon At l Aprll 2023 Charge for the year Dlsposals 2,960,520 293,082 53,801 25,517 316 4,762 82,828 34,543 3,068,865 327,941 58,363 At 31 March 2024 3,199,801 21,071 117,371 3,338,243 Net book valu• At 31 March 2024 6,636,370 929 142,491 6,779,790 At 31 March 2023 7,009,707 1,523 167,645 7, 17B,875 Tanglble flxod a$$et$ - Ch•rlty Long le•s¢hold land bulldln9S Equlpment, furnlture & f5tt1ngg Motor v4hl¢les Cost Total At l Aprll 2023 Addltlons Dlsposals 9,970,227 53,994 188,050 27,040 250,473 9,389 10,247,740 63,383 193,090 5,040 At 31 March 2024 9,836,171 22,000 259,862 10,118,033 Depre¢l•tlon At l Aprll 2023 Charge for the year Dlsposals 2,960,520 293,082 53,801 25,517 316 4,762 82,828 34,543 3,068,865 327,941 58,363 At 31 March 2024 3,199,801 21,071 117,371 3,338,243 flet book value At 3 1 March 2024 6,636,370 929 142,491 6,779,790 At 31 March 2023 7,009,707 1,523 167,645 7,178,875 16 Flx¢d a*$et Investments Shares Sn subsldlary undertaklngs UK quoted Inv¢stm¢nt$ Tot•1 Cost or market value At l April 2023 Increase (Decrease} in market value At 31 March 2024 40.804 1,256 40,806 1,256 42,062 42,060 Summary of Investments Group 2024 Charlty 2024 2023 2023 UK quoted Inv¢stmants at market value M & G Charifund Charitles Official Investment Fund 23,006 19.054 23,434 17,370 40,804 23,006 19,054 42,060 23,434 17,370 42,060 40,804 Page. 134 Notes to the Financial Statements (continued) For the year ended 31 March 2024 Shar*9 In $ubsld5ary undertaklngg The company owns IOOD/o of the Issued share capltal of Él Ordlnary shares In B.L.G.C. Tradlng Company Llmlted, a company reglstered In England and Wales. A summary of the results of this Company Is glven in note 3 to the financial statements. 17 Stock$ Group Charltv 2024 2024 2023 2023 Goods for resale 1,495 3,007 1,489 18 D•btor8 Group Charlty 2024 2024 2023 2023 Amounts owed by group undertaklngs Prepayments Rent Bond Tax and soclal securlty Accrued Incom• 4,484 17,708 17,708 43,137 2,500 270 60,633 43,137 2,500 119.886 118,886 60,633 137,594 106,540 142,078 106,270 Amounts owed by group undertaklngs represents a loan Irom the tradlng subsldlaryi B,L.G.C. Tradlng Company Llmlted. Included wSthln the above are the followlng amounts falllng due wlth one year., Group Cht4rfty ZOZ4 2024 2023 2023 Amounts owed by 9roup undertJklrb9S 4,484 19 Cr•dltor•: Amounts lalllng du• wlthln one y•ar Group 2024 Charlty 2024 2023 2023 Trade credltors Taxatlon and social security Other credltors Accruals Deferred Income (note 18) 87,655 33,465 26,364 46,146 171.227 364,857 56,028 29,331 11,181 37,177 275.801 409,518 85,592 33,465 25,648 46,146 171,227 362,078 56,028 29,331 11,456 37,177 275,801 409,793 Group Charlty 20 Deterrnd Incom• 2024 2023 2024 2023 Deferred Income brought forward Released In the year Deferred In the year 275,801 (275￿01) 171,227 314,690 {314.69D) 275,801 275.801 275,801 (275,801) 171,227 171,217 314,960 (314,690) 275,801 275,801 171.227 2 1 Leaslng Commltments Group 2024 Charlty 2024 2023 2023 Withln l year within l and 5 years Over 5 years 9,167 21,666 9,167 21,666 30,833 30,833 Notes to the Financial Statements (continued) For the year ended 31 March 2024 22 Capltal commltments. At the 31 March 2024 the charity had no Capltal Commltments. 23 Ultlm•to control The company was controlled by the Board of Trustees throughout the year under revlew. 24 Mov4m¢nt In funds Balance at Balanc• at Group and Charlty Restrlrted funds: l Aprll 2023 31 March 2024 Incom• Exp•ndltuM Grants recelvab Grant$ r•celved In r•$pect of Op•r•tlon• (Playi Youth & Sport) BBC Chlldren In Need Bolton CVS Bolton Together BBC Chlldren In Need The Hargreaves Foundatlon Nationwlde Onslde Sports England The Vlrtoria Wood Foundation - The Natlonal Lottery Communlty Fund StreetGames UK - Other 6,870 1,667 29.975 36,778 10,000 36,845 38.445 10,000 30,000 10,000 4,642 20,762 30,000 10,000 4,642 24,934 5,0 22,800 20,208 280,246 3,328 7,500 s,000 10,021 10,208 105,779 12,779 10,000 244,972 70,505 Grant• recelv•d In ro•pe