BOLTON MIDDLEBROOK LEISURE TRUST
FINANCIAL STATEMENTS
31 MARCH 2024
Registered charlty No: 1087039
Reglstered company No: 04165498
BARLOW ANDREWS LLP
CHARTERED ACCOUNTANTS
BOITON

BOLTON MIDDLEBROOK LEISURE TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
CONTENTS
Page
Trustees, report
Independent auditorfs report
9-11
Con5011dated statement of financial activities
12
Group and company balance sheets
13
Group statement of cash flows
14
Notes to the financial statements
15-28

BOLTON MIDDLEBROOK LEISURE TRUST
TRUSTEES, REPORT
Reference and admlnlstratlve Informatlon
Charity Name:
Bolton Middlebrook Leisure Trust
Also trades under the name of Bolton Arena
Charity registration number:
1087039
Company registration number..
04165498
Registered office and operational addres5:
Bolton Arena
Arena Approach
Bolton
Trustees
Mrj M McBrlen
MrA Ejones
Mrs SA Hilton
Mr A Matthalou
Mr M Pollitt
Cllr N Ayub
Cllr M Brady
Mr S Mulvaney
Dr Z Atcha
Mrs E Davenport
Mr J Hesketh
Chalr
Appolnted l July 2023
Secretary
Mr N Hutchlnson
Senlor Management Team
Mr N Hutchlnson
Mr S Sharrock
Mr L Wood
MrSKay
Managlng Dlrector
Operations Manager
Head of Commercial
Head of Sport
Audltor
Barlow Andrews LLP, Carlyle House, 78 Chorley New Road, Bolton
Bankers
The Co-operative Bank PLC, Knowsley Street, Bolton
Santander Corporate & Commercial Banklng, Bridle Road, Bootle
Sollcltors
DWF Sollcltors, I Scott Place, Manchester

BOLTON MIDDLEBROOK LEISURETRUST
TRUSTEES, REPORT
(Contlnued)
The trustees, who are also directors of the charity for the purposes of the Companies Act, present their annual report and
the audited financial statements for the year ended 31 March 2024.
The financial statements have been prepared In accordance wlth the accountlng pollcles set out in note I to the financlal
statements and comply with the company's Memorandum and Articles of Association, the Charitles Act 2011 and
"Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing thelr
accotjnts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102}
leffectlve l January 20191"
Structurei governance and management
Governing document
Bolton Middlebrook Leisure Trust is a company Ilmlted by guarantee. Incorporated on 22 February 2001 and registered as
charity on 18 June 2001. The company was established under a Memorandum of Association whSch established the
objects and powers of the charitable company and is governed under its Articles of Assoclatlon. The company meets the
deflnition of a public beneflt entlty under FRSIO2.
Trustees
The trustees, who are also directors of the charlty for the purposes of company law, are the member5 of the company. As
the company Is limlted by guarantee they have no interest in share capital. The liabllity of members is limited to £10 each.
The trustees who served durlng the year or who are in post at the date of thls report are as listed on page l.
All trustees give their time freely and no trustee remuneration was paid during the year, Details of trustee "out of pocket"
expenses are disclosed in the accounts. Trustees are required to disclose all relevant interests and reglster them with the
company secretary and, in accordance with the Bolton Arena policy. withdraw from decislons where a conflict of interest
may arlse.
Recruitment ond oppointment of trustees
The recruitment and appointment of Trustees at Bolton Middlebrook Leisure Trust follows the conditions established
wlthin the Company's Memorandum and Article5 of Association. Board members are made up from the followin8
cate8ories'.
Maximum
Local Business
Educatlon
The Borough Council of Bolton/Public Authorities (not belng local Authorities)
Local Recreational and Voluntary organlsatlons
io
Trustee induction and training
All trustees undergo an official induction into the workings of Bolton Middlebrook Leisure Trust. The induction covers..
The obliEatlons of Board members and thelr responsibilities.
The maln documents which set out the Arena's mission, vision and value5.
Flnancial background and key strategic priorities.
Future plans and prioritles.
Memorandum and Article5.

BOLTON MIDDLEBROOK LEISURE TRUST
TRUSTEES, REPORT
(Continued)
Reloted partles
Certain trustees have an association with companies and organisations that use the Trusl's facilities, includlng Emerson,
Bolton Council, Age UK Bolton and University of Bolton. These are undertaken in accordance with the charity's normal
terms of business and on an arm's length basis, which the charlty Is able to demonstrate. IT support Is also provided by
Digicomm, whose managing director is a trustee of the charity. Any discussions surroundlng the supply of IT services would
exclude the related trustee.
Organlsatlon structure
The organisation structure of Bolton Mlddlebrook Leisure Trust is that the Board of Trustees is responsible for the
governance of the Trust and the day to day running is the responsibility of the ManagSng Dlrector and appolnted managers
within the predetermined levels of authority.
The Board of Trustees meets quarterly, along with the 5enlor management team and determine5 the strateglc direction of
the charlty. The Board currently has 11 members from a variety of backgrounds. The day to day responsiblllty and
management of the Arena rests wlth the senlor management team. The Managing Director has overall responsibility for
dellverlng the alms and oblectives of the TrLbSt, ensuring that Bolton Arena serves all sectlons of the local communlty.
The pay and remuneratlon of the Managing Dlrector is approved by the Board and revlewed on an annual basls In Ilne wlth
performance. The Managing Dlrector makes annual appralsals of senlor staff to assess performance agalnst agreed
objectives and revlews pay on an annual basis.
There is a wholly owned 5ubsidlary of the Trust, Bolton Arena Trading Limlted, which provides caterlng and retail facilltles.
It pays a monthly management charge to the charity and is managed by the Operatlons Manager of the Trust.
Other relatlonshlps
Bolton Council owns the sports and leisure premlses occupied by the Trust. The Council has appointed the Trust to operate
and manage the sports and leisure facilltles. under a 25 year management agreement that commenced in 2001. As part of
this agreement the Charlty must pay an agreed amount each year Snto a fund held by Bolton Council, known as the sinking
fund, which is to be used against future repalrs of the building. Funds for repairs may be clalmed from this fund in writing
from the Council. During the current flnancial year, the Trust wa5 not required to contrlbute toward5 thls fund.
Rlsk management pollcy
The trustees have assessed the major rlsks to which the charity 15 exposed, in particular those related to the operatSons
and finances of the Trust and are satisfied that adequate systems are in place to mitigate our exposure to the major risks.
Oblectlves and actlvltles
The charlty Is established to provide world class facilitles, programmes and events that Inspire people of all ages,
backgrounds and abilitles to follow a lifelong passion for sport and healthy activities.
Prlnclpal octlvltle5 ond objectlves
The actlvitles of the charlty are to provide or asslst In providing facllltles for recreatlon, physlcal education or other leisure
time occupation for the general benefit of those Ilvlng and working In Bolton and its surroundlng nelghbourhood, In
additlon, to educate and asslst young persons from these areas through lelsure actlvltles, to develop their physlcal, mental
and splritual capacltles so that thelr condltlon of life may be improved and, in furtherance of that oblective, to make
available to them the facillties provlded by the charlty, lecture classes. tralnlng and coachlng facllltles, The Arena has also
dlverslfled Into organising and hostlng malor natlonal and Internatlonal events.
Each year the trustees review the oblectlves and actlvltles of the charSty to ensure they contlnue to reflect our aims. In
carrying out thls revlew, the trustees have consldered the Charlty Commission's general guidance on publlc beneflt and the
trustees are more than satlsfied that they do, as reflected in the achlevements and performance In the year.

BOLTON MIDDLEBROOK LEISURE TRUST
TRUSTEES, REPORT
(Contlnued)
Achlevements and performance
The year has been another successful one with sustalned growth across the whole business.
Overhead costs have stlll been challenglng but with good management and carefully making efflciencles where posslble
the team have managed these well. Along wlth growth across all areas thls mean5 we have remained in a really posltive
position with no signs of the growth slowing down.
Events and conferencin8, which had initially been slow to re-8row after the covid pandemic, are now rising beyond pre-
covid levels and showlng signs of further sustained growth.
The cafe Is agaln an area that had grown slower but over the last 12 month5 has continue to grow in line with events and
conferencing as the two complement each other.
Investment into the equipment ondfacilities
We have also been worklng collaboratlvely with Bolton Council on deliverlng a planned capltal maintenance programme
from the Joint sinking fund we both hold for the Arena.
The partnership working with Bolton Council has contlnued to work progressively well and we have continued to deliver a
building improvement programme utilising the jolnt slnking fund allocated for the building.
Progromming and sports education
The development of Bolton Arena as a sportin8 hub for the communlty is somethin8 that has been a priority to re-
establish and grow post-covid.
Our partnershlp wlth Horwich Harriers has been renewed and refreshed, resulting in several new running groups and a
planned Santa dash in December. Our partnership with Age UK has continued to thrive over the last year with some real
success with walking football.
We continue to be a full member of the CIC charity GM Active, working collaboratively with other leisure trusts acr05S
Greater Manchester. This has continued to grow over the year, wlth potentially more access to funding, and we have had
staff access the transformation leadership course run by them. We continue to collaboratively work on workstream5
through special interest groups working with other leisure trusts across GM.
GM Actlve is a collective of 12 leisure and communlty organisations from across Greater Manchester that are all part of
the same movement to get more people physically active. The group accounts for 87 leisure and sports facilities across the
region, with a comblned reach of 30 million visits a year, playing a major role In the health of our communltles. Thls wlll
Support us in growing our customer base and increaslng our social value across Bolton.
Tenni5
We contlnue to be recognised as a reglonal player development centre. A staff restructure and recrultment of a Head of
Tennis Performance has further cemented our position as one of the UK'S leading centres. We have also maintalned our
increased focus upon junior courses and community outreach tennis wlthin schools, the local parks and clubs, along with
developing our own tournament schedule.
Our outreach and community tennis programme encoura8es and facllltates multiple 8roups to try tennis. We continue to
host large national and international tournaments throughout the year.

BOLTON MIDDLEBROOK LEISURE TRUST
TRUSTEES, REPORT
(Contlnued)
Football and outdoor
Bolton Arena boasts nlne artlflclal football pltches, along wlth an 11-a-slde grass pltch and 3 slx-lane runnlng track. Flve
thousand customers each week utlllse the facllltles for their fitness, training and competltion requirements.
The 5-a-side league programme Is well recognised within the community for the quality of its product; 130 teams now
play regularly in organised leagues throughout the week.
More recently, Arena Football has introduced a walking football programme. givlng men aged 50 and over the chance to
play football in a socially organised environment. Women's walking football has also been launched and we have had earlv
success at a national level and are blazing the trail with women's walklng football.
Partnershlp with Bolton Cures
A significant addition to our communlty offerlngs was the partnership with Bolton Cares. This collaboratlon is particularlv
excitlng as It extends the opportunity for individuals in the care sector to participate in sports actlvities, promoting hollstic
well-being and inclusion.
WheelsforAII offer
Restartin8 our Wheels for All offer underscores our commitment to incluslvlty and accessibility. By providing adaptive
cycling opportunitSes, we ensure that individuals of all abilities can enjoy the benefits of physical activity.
The surplus achleved by P&C this year can be attrlbuted in part to the utilisation of our facllities by three schools, facilitated
by their inclusion of P&C'5 offerings wlthln thelr own facilities. Additlonally, the successful Implementation of new
programmes, such as the partnership wilh Bolton Cares and the reintroduction of Wheels for All, further contributed to
our financial success. The end of this financlal year marks a period of growth, innovatlon, and community impact for
Paftner5hip and Communlties. Through our diverse range of programmes and strateglc partnerships, we continue to enrlch
the lives of individuals within our communlty, promoting health, well-being, and social incluslon. Looking ahead. we remain
commltted to further expanding our offering5 and fosterlng meaningful connectlons within the community.
HolidayActivity ond Food (HAF) programme5
Our partnership with Bolton Together to dellver HAF programmes has been instrumental In provldlng nutrltlous meals and
engaging activities for chlldren during school holldays. Thls year, we conducted HAF programmes three tlmes, ensurlng
conslstent support for families in need wlthln our community.
School Outreach progromme
Non-performance tennls Inltiated outreach programmes In schools targeting Years 4 to 7, almlng to introduce tennis to a
wider audience and expand the player base. Thls inltlatlve ha5 been Instrumental In attracting new participants and
fostering interest in the sport among school-aged chlldren.
Facllity utilisation
Collaboration with local schools, BWFIC, and Lancashire Cricket resulted in an increased utilisation of faclllties to
accommodate their requirements. Indicating the versatllity and attractlveness of the facilities for various sports and
activities.
Desplte faclng challenges in meeting contrlbution targets, non-performance tennis has demonstrated reslllence and
achieved notable successes in varlous areas. The focus on increasing participation, expanding outreach efforts, and
fosterlng collaborations has contributed to the growth and sustainability of tennis activitles withln the community. Moving
forward, contlnued effort5 in these areas, coupled with strategic adjustments to address challenges, will be essentlal for
further advancement and success in the comSng year.
Wulklngfootboll team success
Wlthin our walking football community, we contlnue to go from strength to strength as our player registration stands at
128 players male and female. The 2023124 season brought us success In over 8 regional and national competitions over
the year.

BOLTON MIDDLEBROOK LEISURE TRUST
TRUSTEES, REPORT
Icontlnued)
Flnanclal Revlew
The Group reported net Income of £114,479 on its consolidated Statement of flnanclal activltles, whllst the charlty Itself
reporled net income of £53,614 for the year.
Prlnclpolfundlng sources
The majority of the Trust's Income is generated from the sportlng, recreational and educational actlvities that take place
withln the facllSty. Included In grant income is monies received from Bolton Councll, to support the Trust in making repalrs
and improvements to the facilities. Grant fundin8 is also received from the Lawn Tennis Association and is in respect of
Performance Tennis. This income is included wlthln charitable activities. Tradin8 activltles Include revenue from the trading
subsidlary, revenue from the management of a local school's sports facilities whlch are made available to the general public,
rental income from spare office space within the premises and car parkin& advertisin8 revenue and sponsorship of the
Arena's name.
Investment pollcy
There are currently few funds available for longer term Investment, as such cash balances are managed to ensure any
balances not required for daily working capital are placed in interest bearing deposit accounts. Once the Trust is in the
position to consider other investment opportunities a more detailed investment pollcy will be considered by the Trustees.
Reserves policy
The Trust will hold in specific reserves amounts relatin8 to a repairs and renewal fund. Thls ensures the general fabrlc of
the Arena is malntained. The detailed profile for the expected value of these funds Is given in the Management Agreement.
In addition, the Trust intends to target an annual surplus in the region of 4Yo of turnover In order to generate a general free
reserve which should equate to 6 months of salary and fixed running costs. The general free reserves will be available to
meet any shortfall between the antlclpated Income and budgeted outgoings and any unforeseen expendlture, It will also
be avaSlable to assist in the funding of new activities not foreseen In future budgets. At 31 March 2024, the individual
charity's free reserves were £536,767 Ibeing unrestricted funds less designated funds and fixed assets).
Golng concern
Over the last two years we have seen sustained growth across the organlsatlon comblned wlth stringent control on
expenditure costs. We have also invested heavlly on several projects that will reduce our energy costs such as
widespread LED lighting and new boilers. This will protect us from long term prices rises in this area and give us short
term savings. Our 8rowth shows no signs of slowing and is spread across different areas of the business which reduces
any downturn risks in any particular areas. Our reserves have grown and our cashflow remains healthy. We are confident
that the Trust is in a position to continue to operate and deliver its longer-term strategic goals.
Employees
Our employees are the most important ingredient in our success. We employ over 80 people and are committed to their
welfare and personal development, We offer competitive terms of employment and have a robust personal appralsal
system.
Disabled persons are not treated less favourably than the non-disabled persons. Reasonable adjustments are made to give
a disabled person as much access to any service and the abillty to be employed, trained or promoted as a non-disabled
person.
We communicate regularly with our employees through monthly team meetings and bi-annual whole staff meetings
to help maintain a healthy work force and promote advocates of the service we manage.

BOLTON MIDDLEBROOK LEISURE TRUST
TRUSTEES, REPORT
Icontlnuedl
Flnunclal Performance
The trustees conslder a number of key performance Indlcators, both flnanclal and non-flnancial.
2024
2023
Income
2,923,188
114,479
2,736,537
174,370}
Net surpluslldeficitl
Total health & fitness members
2,510
2,663
At 31 March 2024, the Group had consolidated reserves of £1,202,56712023: £1,088,088) of which £149,13712023:
£156,133) were restricted funds and £363,06212023: £335,540) had been designated to be spent as and when requlred
per Note 19.
Plans for future peylods
Some of the areas we wlll be focussing on in the coming year are:
Significant upgrade and refurbishment of our Health and Fitness facility.
Developlng our Involvement In Greater Manchester-wide health and wellbelng programmes, speclfically through
our Involvement with GM Active, an association of Leisure Trusts coverlng all 10 Boroughs wlthln the area.
Further developing our partnershlp and stakeholder network both locally and reglonallv.

BOLTON MIDDLEBROOK LEISURE TRUST
TRUSTEES, REPORT
(Continued)
Responslbilitles of trustee5
Company law requlres the dlrectors of the charlty {namely the trustees) to prepare flnanclal statements for each flnanclal
year which give a true and fair view of the state of affalrs of the charlty and of the Incomlng and appllcatlon of resources,
Includlng the Income and expendlture of the charitable company for that year. In preparing these flnanclal statements the
trustees are requlred to..
select suitable accounting policies and then apply them consistently;
make judgements and estlmates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures dlsclosed
and explalned in the flnancial statements;
prepare the financial statements on the goin8 concern basis unless it is inapproprlate to assume that the charity
will be able to continue to meet its objectives.
The trustee5 are responsible for keeping adequate accounting records whlch dlsclose wlth reasonable accuracy at any tlme
the flnancial position of the charity and to enable them to ensure that the fSnanclal statements comply wlth the Companles
Act 2006. They are also responslble for safeguardSng the assets of the charity and hence for taklng reasonable steps for
the preventlon and detection of fraud or other irregularities.
Further, the trustees are responsible for preparlng their Trustee5' Report which should disclose the legal and administrative
details of the charity and contain a narratlve report explaining the organisation's objects, a review of the development,
actlvities and achlevements of the charity during the period and of its financlal performance and position.
statement of dlsclosure to audltors
So far a5 we are aware, there is no relevant audlt information of which the company's auditors are unaware; and as the
directors of the company we have taken all steps that we ought to have taken in order to make ourselves aware of any
relevant audlt Information and to establish that the charity's audltors are aware of that informatlon.
Audltor
A resolution for the reappointment of Barlow Andrews LLP as auditor is to be proposed at the forthcoming Annual General
Meeting. The trustee5 recommend that Barlow Andrews LLP remain in office until further notice.
Your attention is drawn to the fact that the charity has prepared accounts in accordance wlth Accounting and Reporting by
Charities preparlng thelr accounts in accordance wlth the Flnancial Reporting Standard applicable in the UK and Republic
of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charlties: Statement of Recommended Practice
applicable for reportlng perlods beglnnlng on or after l January 2019 which is referred to in the extant regulatlons but has
not been wlthdrawn.
We understand that thi5 has been done in order for the accounts to provlde a true and fair view in accordance with UK
Generally Accepted Accounting Practice.
This report is approved by the trustees on 20 August 2024 and signed on thelr behalf by
Mrs S Hllton
Trustee

INDEPENDENT AUDITOR'S REPORTTOTHE MEMBERS OF
BOLTON MIDDLEBROOK LEISURE TRUST
Oplnlon
We have audited the financial statements of Bolton Mlddlebrook Lelsure Trust Ithe 'parent company'l for the year ended
31 March 2024 which comprise the Consolidated Statement of Financial Actlvltles, the Consolidated and Charlty Balance
Sheets, the Group Statement of Cash Flows and notes to the financial statements, includlng a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation Is applicable law and
Unlted Klngdom Accounting Standards, including the Financial Reporting Standard 102. applicable in the UK and Republic
of Ireland Iunited Kingdom Generally Accepted Accounting Practice).
In our oplnlon the flnanclal statements:
give a true and fair view of the state of the group and charltable company's affairs as at 31 March 2024 and of the
group's incoming resources and appllcatlon of resources for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accountlng Practlce; and
have been prepared in accordance with the requirements of Companies Act 2006.
Basls of oplnlon
We conducted our audit in accordance with International 5tandard5 on Audltlng IUKI IISAS {UK}l and appllcable law. Our
responsibilities under those standards are further descrlbed in the Auditor's responsibllltles for the audit of the flnancial
statements section of our report. We are independent of the charltable company in accordance with the ethical
requlrements that are relevant to our audit of the financlal statements in the UK, includlng the FRC'S Ethical Standard, and
we have fulfilled our other ethlcal responsibilities in accordance wlth these requirements. We believe that the audit
evldence we have obtained is sufficient and appropriate to provlde a basis for our opinion.
Concluslons relatln8 to 8oln8 concern
In auditing the financial statements, we have concluded that the trustee5' Use of the golng concern basls of accounting In
the preparation of the financlal statements is appropriate.
Based on the work we have performed, we have not identified any material uncertalntles relating to events or conditions
that, individually or collectively, may cast slgnificant doubt on the group's ability to continue as a going concern for a period
of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and responsibilities of the trustees with respect to going concern are described in the relevant sectlons
of th15 report.
Other Informatlon
The other Informatlon comprlses the Informatlon Included In the annual report, other than the flnanclal statements and
our audltorfs reporl thereon. The trustees are responslble for the other informatlon contalned within the annual report.
Our opinion on the flnanclal statements does not cover the other informatlon and, except to the extent otherwise explicltly
stated in our report, we do not express any form of assurance concluslon thereon.
Our responslbility Is to read the other Information and, In doing so, consider whether the other information is materiallv
Inconsistent with the flnancSal statements or our knowledge obtalned in Ihe course of the audit, or otherwise appears to
be materially mlsstated. If we identify such material inconslstencies or apparent material mlsstatements, we are required
to determine whether this glves rlse to a materlal mlsstatement in the financial statements themselves. If, based on the
work we have performed, we conclude that there Is a material misstatement of thls other information, we are required to
report that fact.
We have nothing to report in this regard,

INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF
BOLTON MIDDLEBROOK LEISURE TRUST
Oplnlon on other matter prescrlbed by the Companles Act 2006
In our opinion based on the work undertaken in the course of our audit..
the informatlon given In the trustees, report, which includes the directors, report prepared for the purposes of
company law, for the financial year for which the financial statements are prepared is consistent with the financial
statements; and
the directors, report included within the trustees, report has been prepared in accordance wlth applicable legal
requirements.
Matters on whlch we are requlred to report by exceptlon
In Ilght of the knowledge and understanding of the group and Its environment, obtalned in the course of the audlt, we have
not identified material misstatements in the directors, report included within the trustees, report.
We have nothing to report in respect of the followin8 matters In relatlon to which the Companies Act 2006 requlres us to
report to you if, in our opinion:
adequate accountlng records have not been kept, or returns adequate for our audit have not been recelved from
branches not visited by us- or
the financial statements are not in agreement with the accounting records and returns,. or
certaln disclosures of trustees, remuneration specified by law are not made: or
we have not received all the information and explanatlons we require for our audlt.
Responslbllltles of trustees
As explained more fully in the statement of trustees, responslbilltles, the trustees (who are also directors of Bolton
Middlebrook Lelsure Trust for the purposes of company lawl are responslble for the preparation of the flnancial statements
and for belng satlsfled that they give a true and fair view, and for such internal control as the trustees determlne Is
necessary to enable the preparatlon of flnancial statements that are free from material misstatement, whether due to
fraud or error.
In preparin8 the financial statements, the trustees are responsible for assessing the 8roup and the charitable compan¢s
ability to continue as a going concern, disclosing, as applicable, matters related to golng concern and using the going
concern basls of accounting unless the trustees either Intend to liquidate the group or the charitable company or to cease
operations, or have no realistic alternative but to do so.
Auditor's responslbllltles for the audlt of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that Includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS
IUKI will always detect a materlal misstatement when it exlsts. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to Influence the economlc
declslons of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line
with our responslblllties, outlined above, to detect material misstatements In respect of irregularlties inclL¢ding fraud. Our
approach to identifying and assesslng the risks of material mlsstatement in respect of Irregularities, Includlng fraud and
non-compliance with laws and regulations, was as follows:
the engagement partner ensured that the engagement team collectlvely had the appropriate competence,
capabilitles and skllls to identify or recognlse non-compliance wlth applicable laws and regulations,.
we Identified the laws and regulations applicable to the group through dlscussions with trustees and other
management, and from our commercial knowledge;
we focused on specific laws and regulations which we considered may have a direct material effect on the flnancial
statements or the operations of the group, including the Companies Act 2006, taxation legislatlon and data
protection, employment and health and safety leglslation;
we assessed the extent of compliance wlth the laws and regulatlons identified above through making enqulrles of
management,. and
Identlfied laws and regulatlons were communicated wlthin the audit team regularly and the team remained alert
to instances of non-compllance throughout the audit.
io

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
BOLTON MIDDLEBROOK LEISURE TRUST
We assessed the susceptlbllity of the group's and the companvs financial statements to material misstatement, including
obtaining an understanding of how fraud might occur, by..
making enquiries of management as to where they considered there was susceptiblllty to fraud, their knowledge
of actual, suspected and alleged fraud; and
considering the internal controls in place to mltigate risks of fraud and non-compllance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
performed analytical procedures to Identify any unusual or unexpected relationships;
tested Journal entrles to Identify unusual transaction5; and
assessed whether judgements and assumptlons made In determining the accounting estimates were indicative ar
potential bias.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which
included, but were not Ilmlted to:
agreeing financial statement dlsclosures to underlying supportlng documentation;
reading the minutes of meetings of those charged wlth governance,. and
enquiring of management as to actual and potential litigatlon and claims.
There are inherent limitations in our audlt procedures described above. The more removed that laws and regulations are
from financial transactlons, the less likely it is that we would become aware of non-compliance. Auditlng standards also
limit the audit procedures required to Identify non-compliance wlth laws and regulatlons to enquiry of the directors and
other management and the inspection of regulatory and legal correspondence, If any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve
dellberate concealment or collusion.
A further descrlptlon of our responsibilitles for the audit of the financlal statements Is located on the Financial Reporting
Councll's website at: www.frc.org.uk/auditorsresponsibillties. This description forms part of our auditor's report.
Use of our report
This report is made solely to the group and charitable company's members, as a body, In accordance with Chapter 3 of Part
16 ofthe Companies Act 2006. Ouraudit has been undertaken so thatwe might stateto the charitable companls member5
those matters we are required to state to them in an audltor's report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responslbility to anyone other than the charitable company and the
members as a body, for our audit work, for thls report, or for the opinion we have formed.
Davld A Kay FCA (Senlor Statutory Auditor}
For and on behalf of Barlow Andrews LLP
Chartered Accountants and Statutory Auditor
Carlyle House, 78 Chorley New Road, Bolton
20 August 2024
li

f7) 0) (YJ
r4 mNotJ)

BOLTON MIDDLEBROOK LEISURE TRUST
CONSOLIDATEDAND CHARITY
BALANCE SHEETS AS AT 31 MARCH 2024
Group
2024
Charltv
2024
Group
2023
Charlty
2023
Notes
Flxed Assets
Tangible assets
Investments
14
15
85.574
77,535
114,673
109,428
85,574
77,536
114,673
109,429
Current Assets
Stock
Debtors
Bank and cash balance5
12,651
208,553
1,316,731
14,684
224,116
1,165,345
16
190,112
1,252,440
225,261
1,146,043
1,537,935
1,442,552
1,404,145
1,371,304
Credltors: amounts falling due within
one year
17
1420,9421
1393,586}
1430,7301
{407,8451
Net current assets
1,116,993
1,048,966
973,415
963,459
Total assets less eurrent Ilabllltles
1,202,567
1,126,502
1,088,088
1.072,888
Net assets
1,202,567
1,126,502
1,088,088
1,072,888
Total funds of the charlty
Unrestrlcted Income funds
General
Designated
19
19
690,368
363,062
614,303
363,062
596,415
335,540
581,215
335,540
1,053,430
149,137
977,365
149,137
931,955
156,133
916,755
156,133
Restrlcted funds
20
Total reserves
1,202,567
1,126,502
1,088,088
1.072,888
These accounts are prepared in accordance with the special provlsions of part 15 of the Companles Act 2006 relating to
small companies.
As permitted by S408 Companles Act 2006, the company has not presented it5 own profit and loss account and related
notes. There was an Increase in the company's profit and loss account for the year of £53.61412023: decrease of £88,710).
The flnanclal statements were approved by the 8oard of Trustees and authorlsed for Issue on 20 August 2024 and slgned
on Its behalf by..
Mrs S Hllton
Trustee
Company reglstratlon number 04165498
13

BOLTON MIDDLEBROOK LEISURE TRUST
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
Notes
2024
2023
Net cash generated by operatlng actlvltles
22
149.412
89,961
Cash flow from investing activities..
Purchase of plant and equipment
Interest received
{25,8661
27,840
174,6651
7,042
Net cash generated by/(used In) Investlng actlvltles
1,974
167,6231
Net change In cash and cash equlvalents In reportlng perlod
151,386
22.338
Cash and cash equlvalents brought forward
1,165,345
1,143,007
Cash and cash equlvalents carrled forward
23
1,316,731
1,165,345
14

BOLTON MIDDLEBROOK LEISURE TRUST
NOTES TOTHE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
Accountlng pollcles
Company Informatlon
Bolton Middlebrook Leisure Trust I'the companV'I is a charitable company limited by guarantee, incorporated in
England and Wales. The reglstered office is Bolton Arena, Arena Approach, Bolton.
In the event of the charlty being wound up, the liability in respect of the guarantee is Ilmlted to £10 per member
of the charity.
The group consists of Bolton Mlddlebrook Leisure Trust and its subsidiary Bolton Arena TradSng Limited.
Accountlng convention
The financial statements have been prepared In accordance wlth the Statement of Recommended Practice..
Accounting and Reporting by Charities preparing their accounts in accordance with the Flnancial Reporting
Standard applicable in the UK and Republlc of Ireland IFRS 1021 issued In October 2019 and the Charities Act 2011
and UK Generally Accepted Accounting Practice as it applSes from l January 2019.
The financial statement5 are prepared in sterling, whlch Is the functional currency of the charltable company.
Monetary amounts In these financial statements are rounded to the nearest £.
The financial statements have been prepared on the historic cost convention. The prlncipal accounting pollcle5
adopted are set out below.
Bolton Mlddlebrook Lelsure Trust meets the deflnltion of a publlc benefit entlty under FRSIO2.
Basls of consolldatlon
The consolidated financial statements incorporate those of Bolton Middlebrook Leisure Trust and it5 subsidiary.
All the financial statements included in the consolidation have been made up to 31 March 2024.
All intra-group transactions, balances and unreallsed gains on transactions belween group companles are
ellmlnated on consolldatlon.
Golng concern
At the time of approvlng the financlal statements, the trustees have a reasonable expectation that the company
has adequate resources to continue in operational exlstence for the foreseeable future. Thus the trustees continue
to adopt the going concern basis of accounting in preparing the financial statements.
Fund accountlng
General funds are unrestrlcted funds which are available for use at the dlscretion of the trustees In furtherance of
the objects of the charlty without further purpose and which have not been designated for other purpose5.
Designated funds are unrestrlcted funds set aside by the trustees for particular purposes.
Restrlcted funds are subject to re5trlctlons on their expenditure imposed by the donor, Expendlture which meets
thls criteria is charged to the fund together wlth a fair allocation of overhead costs.
15

BOLTON MIDDLEBROOK LEISURETRusr
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
Income
Income is recognised when the charity has entitlement to the funds, any performance condltlons attached to the
items of income have been met, it is probable that the income wlll be received and the amount can be measured
reliably.
The specific bases used are as follows:
Voluntary income includes, where applicable, donatlons, gifts and certain grants receivable
Investment income and health and fitness income is accounted on a recelvable basis
Rental income is accounted on a receivable basis over the life of the lease
Charitable activity, tradin8 and merchandlsing income is accounted for when earned. Activity income received
in advance is deferred untll entitlement to the income has arlsen at which time it is credlted to the statement
of financial activitie5
Grants are reco8nised when the entitlement to the grant is conflrmed. Grants for the purpose5 of equipment
and towards actlvities are credited in full to various activities in furtherance of the charity's objectives in the
year in which they are received
Health and fitness memberships are recognised on receipt of funds as they are non-refundable once the
contract has been si8ned.
Expendllure and Irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is
probable that a settlement will be required and the amount of the oblSgation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs
related to that category.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable
activities. Support costs Include back office costs, finance, personnel. payroll and governance costs which support
the charity's programmes and activities. These costs have been allocated between cost of raising funds and
expenditure on charitable activities, The bases on which support costs have been allocated are set out in note 8.
Irrecoverable VAT Is charged as a cost agalnst the activlty for whlch the assoclated expenditure was Incurred.
Tanglble flxed assets and depreclatlon
Tanglble fixed assets are initially measured at cost and subsequently measured at cost or valuatlon, net of
depreciatior) and any impalrment losses. Depreciation is recognised so as to wrlte off the cost or valuation of
assets less their residual values over their useful lives on the following bases..
Fixtures, fittings and equipment
Computer equipment
Motor vehicles
10-25% Straight line
33Yo Straight line
25Yo Straight Ilne
The gain or loss arislng on the disposal of an asset is determined as the difference between the sale proceeds
and the carrylng value of the asset, and is recognised in the profit and loss account.
Flxed asset Investments
In the parent company financial statements, investments in subsidlaries are initlally measured at cost and
subsequently measured at cost less any accumulated impairment losses.
A subsidiary Is an entity controlled by the group, Control is the power to govern the financial and operating policies
of the entlty so as to obtain benefits from its actlvities.
16

BOLTON MIDDLEBROOK LEISURE TRUST
NOTES TOTHE FINANCIALSTATEMENTS
YEAR ENDED 31 MARCH 2024
Impalrment of fSxed assets
At each reportlng perlod end date, the group reviews the carrying amount5 of its tanglble assets to determlne
whether there 15 any indication that those assets have suffered an impairment loss. If any such indication exists,
the recoverable amount of the asset is estimated in order to determlne the extent of the impairment loss (if anvl.
i.io
Stocks
stocks are stated at the lower of cost and estlmated selling price less costs to complete and sell. Cost comprlses
direct materials.
i.ii
Cash and cash equlvalents
Cash and cash equlvalents are basic financial assets and Include cash In hand, and deposlts held at call wlth bank5.
1,12
Flnanclal Instrumenls
The group has elected to apply the provlslons of Section 11 'Basic Financlal Instruments, and Sectlon 12 '0ther
Financlal Instruments Issues, of FRS 102 to all of Its financlal Instruments.
Financlal instruments are recognised in the group's balance sheet when the group becomes party to the
contractual provislons of the instrument.
Financial assets and Ilabllities are offset and the net amount5 presented in the financial statements when there Is
a legally enforceable right to set off the recognised amounts and there 15 an Intentlon to settle on a net basis or
to realise the asset and settle the Ilability simultaneously.
Baslc flnanclal assets
Basic financial assets, whlch include debtors, loans to group companies and cash and bank balances, are measured
at transaction price.
Basic flnanclal Ilabllltles
Baslc flnanclal Ilabllities, including credltors, are recognlsed at transaction prlce. Flnancial liabSlltles classifled as
payable within one year are not amortised.
Trade credltors are obllgations to pay for goods or servlces that have been acqulred In the ordlnary course of
business from suppllers. Amounts payable are classified as current liabillties If payment Is due within one year or
less. If not, they are presented as non-current IlabllltSes. Trade credStors are recognised at transactlon price.
1.13
Ernployee beneflts
The costs of short-term employee benefits are recognised as a liability and an expense,
The cost of any unused hollday entitlement Is recognised in the period In which the employee's services are
received.
1.14
Retlrement beneflts
Payments to defined contribution retirement benefit schemes are Charged as an expense as they fall due.
1.15
Leases
Rentals payable under operatlng leases, including any lease Incentives received, are charged to income on a
Stralght line basis over the term of the relevant lease except where another more 5yStematic basls Is more
representatlve of the time pattern In which economic benefits from the lease asset are consumed.
17

BOLTON MIDDLEBROOK LEISURE TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1.16
Taxatlon
The charity has charitable status and is thus exempt from taxation of its income and gains falling within section
505 of The Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they are
applied to its charitable objectlves.
For the subsidiary the tax expense represents the sum of the tax currently payable and deferred tax.
Current tox
The tax currently payable is based on taxable profit for the year. Taxable profit dlffers from net profit as reported
In the profSt and loss account because It excludes items of income or expense that are taxable or deductlble In
other years and it further excludes items that are never taxable or deductlble. The company's liability for current
tax Is calculated using tax rates that have been enacted or substantively enacted by the reportlng end date.
Delerred tux
Deferred tax liabilities are Benerally recognised for all timlng dlfferences and deferred tax assets are recognised
to the extent that it is probable that they wlll be recovered against the reversal of deferred tax liabilities or other
future taxable profits. Such assets and liabilities are not recognised If the timing difference arises from goodwill
or from the initlal recognition of other assets and liabilities In a transaction that affect neither the tax profit nor
the accounting profit.
Judgements and key sources of estlmatlon uncertalnty
In the application of the group's accounting policles, the trustees are required to make judgements, estimates and
assumptions about the carrylng amount of assets and liabilities that are not readily apparent from other sources.
The estlmates and associated assumptions are based on historical experlence and other factors that are
considered to be relevant. Actual results may differ from these estimates.
The estlmates and underlying assumptions are reviewed on an ongoing basls. Revisions to accounting estimates
are recognised in the perlod In which the estimate is revised where the revision affects only that period, or in the
perlod of the revlsion and future periods, where the revision affects both current and future perlods.
Income from subsldlar¢s tradlng actlvltles
The charlty owns the whole of the ordlnary share capital, consistlng of one ordinary share of £1, of Bolton Arena
Tradlng Limited, which provides caterlng and retail facilities at Bolton Arena.
Its trading result5 for the year, as extracted from the audited financial statements, are summarised below'.-
2024
2023
Turnover
Cost of sales
Admlnistratlon costs
Other operatin8 income
332,208
{231,9641
140,5661
1,187
266,013
1223,9151
127,7591
Operating profit and profit after tax
60,865
14,339
Details of the subsidiary's balance sheet are given in note 15.
18

BOLTON MIDDLEBROOK LEISURE TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
4. Income from charltable activlties
Unrestrlcted
funds
Restrlcted
funds
Total funds
2024
Total funds
2023
Health & fitness activltles
Tennis facilities
Other sportlng activlties
other events
Conference facllitles
Other income
659,180
501,708
416,378
127,986
109,387
659,180
603,473
441,228
127,986
109,387
588,826
596,929
515,631
109,743
79,671
14
101,765
24,850
1,814,643
126,615
1.941,258
1,890,814
Total byfund 31 March 2023
1,736,654
154,160
1,890,814
Restricted fund Income of £154,160 included above for 2023 comprlsed tennis facilities £137.105 and other 5portlng
faclllties £17,055,
Income from oiher tradln8 activlties
Unrestrlcted
funds
Restrlcted
funds
Total funds
2024
Total funds
2023
Advertising
Rental Income
Service contracts
Caterlng Income
96,877
111,838
71,549
332,208
96,877
111,838
71,549
332,208
101,845
103,569
83,152
266,013
612,472
612,472
554,579
Investment Income
Unrestrlcted
funds
Restrlcted
funds
Total funds
2024
Total funds
2023
Interest from bank deposits
27,840
27,840
7,042
27,840
27,840
7,042
other operatlng Income
Unrestrlcted
funds
Restrlcted
funds
Total funds
2024
Total funds
2023
Kickstart scheme
Management charge Sncome
8,956
24,499
24,499
24,499
24,499
8,956
19

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Li

BOLTON MIDDLEBROOK LEISURE TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
9. Net Incomlng Yesources for the year
2024
2023
This is stated after charging:
Depreclation/loss on disp05als
54,965
49,449
Audltor's remuneration
Audit fee
Other services
22,963
2,751
16,267
2,781
Operatlng leases: equlpment
13,284
11,927
2024
2023
10. Staff costs
Salarles
Social security costs
Pension costs
1,280,281
86,811
70,833
1,268,159
90,086
69,253
1,437,925
1,427,498
The average number of employees:
No.
No.
Sports and fitness Instructor5
Facillty support staff
Marketing
Management and administration
34
38
39
36
Company
81
82
Catering
Group
87
90
One employee received employee benefits (excluding employer pension costs) in the band £90,000 - £100,000 in the current
vear. In the prior year, one employee received employee benefits (excluding employer penslon costs) in the band E60,000-
£70,000.
11. Penslon cost5
The company operates a defined contributlon pension scheme In respect of the staff. The scheme and Its asset5 are held by
independent managers. The pension charge represents contributions due from the company.
12. Key management personnel
2024
2023
Key management personnel are considered to be the trustees (all unpaid) and the senior
management team Ilsted on page l.
Total key management compensation
255,278
226,857
22

BOLTON MIDDLEBROOK LEISURE TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
13. Trustee dlsclosures
The charity spent £88112023: £7231 on the purchase of insurance to indemnify the trustees against the consequences of any
neglect or default In relation to the charltv.
No remuneration or expenses out of the funds of the charity was pald, or payable, during the period to any trustee or to any
persons known to be connected to them. However, the facilities of the company are made freely available to the trustees, when
not requlred by paying customers.
14. Tangible fixed assets
Subsldlary
flxtures &
flttlngs
Flxtures &
flttlngs
Computer
equlpment
Motor
Vehlcles
Charlty
Total
Group
Total
Cost
At l Aprll 2023
Addltions
Disposals
528,827
16,197
129,257
4,122
12,238
670,322
20,319
33,124
5,547
703,446
25,866
At 31 March 2024
545,024
133,379
12,238
690,641
38,671
729,312
Depreclatlon
At l April 2023
Charge in the year
Disposals
428,483
47,837
121,938
3,769
10,473
606
560,894
52,212
27,879
2,753
588,773
54,965
At 31 March 2024
476,320
125,707
11,079
613,106
30,632
643,738
Net Book Value
At 31 March 2024
68,704
7,672
1,159
77,535
8,039
85,574
At 31 March 2023
100,344
7,319
1,765
109,428
5,245
114,673
23

BOLTON MIDDLEBROOK LEISURE TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
15. Fixed asset Investments
Shares In
Subsldlary
Cost
At l April 2023 and at 31 March 2024
The charity holds 100% of the equlty of the following company:
Descrlptlon
of holdlng
Subsidlary undertaklng
Nature of bu51ne55
Bolton Arena Trading Limited
Ordinary
Provision of catering and conference facilities at
Bolton Arena
The registered office of the trading subsidiary is that of its parent and the company number Is 04175883.
The assets and Ilabllltles of the subsldlary were:
2024
2023
Tangible fixed assets
Current assets
8,039
113,520
5,245
64,365
121,559
145,4931
69,610
154,409}
Credltors: amounts falling due within one year
76,066
15,201
Representlng:
Share capital
Proflt and loss account
76,065
15,200
76,066
15,201
Details of the subsldiary's Profit and Loss Account are given in note 3.
16. Debtors
2024
2023
Group
Charlty
Group
Charlty
Trade debtors
Other debtors
Prepayments and accrued income
174,606
580
33,367
140,275
18,137
31,700
149,843
580
73,693
121,350
31,524
72,387
208,553
190,112
224,116
225,261
24

BOLTON MIDDLEBROOK LEISURE TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
17. Credltors- amounts falling due within one year
2024
2023
Group
Charltv
Group
Charltv
Trade creditors
Tax and social security
Accruals and deferred income
Other creditors
65,454
52,146
294,186
9,156
63,212
34,609
286,609
9,156
69,365
58,392
293,843
9,130
67,962
43,868
286,885
9,130
420,942
393,586
430,730
407,845
Included In accruals and deferred income is deferred income of £213,18812023 £176,693). Deferred income represent5
income received in the year but for speclflc expendSture partly, or wholly, In a later period.
18a. Analys1$ of Group net assets between funds
Current year at 31.03.24
Restrlcted
Funds
General
Fund
Designated
Funds
2024
Total
Tangible flxed assets
Current assets
Creditors due withln one year
85,574
1,025,736
1420,9421
85,574
1,537,935
1420,9421
149,137
363,062
149,137
690,368
363,062
1,202,567
Prlor year at 31.03.23
Restrlcted
Funds
General
Fund
Deslgnated
Fund
2023
Total
Tanglble fixed assets
Current assets
Creditors due wlthln one year
114,673
912,472
1430,7301
114,673
1,404,145
1430,7301
156,133
335.540
156,133
596,415
335,540
1,088,088
25

BOLTON MIDDLEBROOK LEISURE TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
19. Unre5trlcted funds: consolldated movements In the year for the Group
Current year:
Balance at
l April
2023
Balance at
31 March
2024
Income
Expendlture
Transfers
Other unrestrlcted funds..
BMBC sinking fund
Designated building maintenance fund
Designated equipment fund
298,937
1298,9371
120,2111
310,987
24,553
290,776
72,286
47,733
335,540
298,937
1319,1481
47,733
363,062
General fund5
596,415
2,497,636
12,355,950)
147,7331
690,368
Total unrestrlcted funds
931,955
2,796,573
12,675,098)
1,053,430
Prlor year:
Balance at
l Aprll
2022
Balance at
31 March
2023
Income
Expenditure
Transfers
Other unrestrlcted fund5-
BMBC sinking fund
Designated building maintenance fund
Designated equipment fund
262,463
1262,4631
19231
124.1981
311,910
310,987
24,553
48,751
311,910
262,463
1287,5841
48,751
335,540
General funds
620,315
2,319,914
12,295,0631
148,7511
596,415
Total unrestrlcted funds
932,225
2,582,377
{2,582,6471
931,955
The trustees have deslgnated funds for repalrs whlch may be requSred for the malntenance of the property and Sports
Educatlon Theatre.
The trustees also designated funds in 2022123 from the surplus made in 2021122 for new gym and sports equipment. The
transfer shown on this fund represented £IOO,000 designated during the year less capital expenditure of £51,249. In the Current
year. an additional £47,733 ha5 been designated by the trustees for spendlng in 2024125.
Historlcally, the Trust has contrlbuted a sum of money each year to Bolton Council, as part of a service agreement. Thls money
goes into a sinking fund, whlch is monitored by Bolton Council. The fund Is held to ensure that The Arena can be maintained to
an expected standard. Bolton Middlebrook Lelsure Trust does not have access to this fund. The Council have waived the
contributions for the past few years, due to the impact of the coronavirus pandemlc.
The slnking fund income and expenditure above relate5 to funds provided from the sinking fund, held by Bolton Council, which
were spent on repalrs to the facilities.
26

BOLTON MIDDLEBROOK LEISURE TRUST
NOTES TOTHE FINANCIALSTATEMENTS
YEAR ENDED 31 MARCH 2024
20. Restrlcted funds: consolldated movements In the year for the Group
Current year:
Balance at
l Aprll
2023
Balance at
31 March
2024
Income
Expenditure
Transfers
Tennis grants
Other actlvities
138,988
17,145
101,765
24,850
1119,0651
114,5461
121,688
27,449
Total restrlcted funds
156,133
126,615
1133,6111
149,137
Prlor year:
Balance at
l Aprll
20ZZ
Balance at
31 March
2023
Income
Expendlture
Transfers
Tennls grants
Covld recovery support grants
Other actlvltles
102,093
122,870
5,270
137,105
1100,2101
{122,8701
15,1801
138,988
17,055
17,145
Total restrlcted funds
230,233
154,160
1228,260
156,133
21, Operatlng lease ¢ommltment5
2024
2023
At the reporting end date the company had outstanding commitments for future minlmum
lease payments under non-cancellable operating leases as follows:
Wlthln one year
Between two and flve years
8,130
3,934
9,687
2,240
12,064
11,927
2Z. Reconclllatlon of net Income to net cash flow from operatlng actlvltles
2024
2023
Net Income/lexpendlturel for the reportlng perlod as per
the statement of flnanclal actlvltles
114,479
174,3701
Adjustments for:
Investment income
Depreciation charges
Decrease/lincreasel in stocks
Decrease/lincreasel In debtors
IDecreasel/increase in creditors
Net cash generated by operatlng actlvlties
127,8401
54,965
2,033
15,563
19,7881
17,0421
49,449
12,4031
19,2381
133.565
149,412
89,961
27

BOLTON MIDDLEBROOK LEISURE TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
23. Analysls of cash and cash equlvalentS
2024
2023
Cash In hand
Notice deposits
1,837
1.314.894
1,343
1,164,002
Total cash and cash equlvalents
1,316,731
1,165,345
24. Related party transactlons
Bolton Councll
Historically, the Trust has contributed a sum of money each year to Bolton Council, as part of a service agreement. This money
goes into a slnking fund, which is monitored by Bolton Council. The fund is held to ensure that The Arena can be maSntalned to
an expected standard. Bolton Middlebrook Leisure Trust does not have access to this fund. The Council have waived the
contributions for the past few years. due to the Impact of the coronavirus pandemic.
The sinking fund income and expendlture shown In note 19 relates to funds provlded from the sinking fund, held by Bolton
Council, which were spent on repalrs to the facilitles.
Unlverslty of Bolton
The charity received £65,000 during the prlor year from the University of Bolton, an entity which Mr A Matthiaou ITru5teel is
an executlve dlrector. for sponsorship and a workforce gym membership. An amount of £18,000 was outstanding from the
University of Bolton as at 31 March 2023. No amount5 were received during the current year and no balance was owed as at
31 March 2024.
Digicomm 360 Ltd
The charity received £2,400 during the year from Digicomm 360 Ltd, a company whlch Mr M Pollitt is a director, for advertising
and gym memberships12023- £3,408). The charlty also paid £31,231 to Digicomm 360 Ltd for IT equlpment and support servlces
during the year12023- £50,056). An amount of£3,547 was owed to Dlglcomm 360 Ltd at the reporting date12023 - £1.3701.
Orblt Investments {Northern) Ltd
The charity received £4,000 during the year from Orblt Investments (Northern) Ltd, a company of which Mr A E Jones is a
director, for commercial partnership12023 - £nill.
There were no other transactlons with related parties outside the ordinary course of business.
25. Analysls of changes In net funds
The Trust had no debt during the year.
28

BOLTON MIDDLEBROOK LEISURE TRUST
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024

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