OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-06-30-accounts

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

REGISTERED COMPANY NUMBER: 04323645 (England and Wales) REGISTERED CHARITY NUMBER: 1090753

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

FOR

BOLTON WANDERERS COMMUNITY TRUST T/A BOLTON WANDERERS IN THE COMMUNITY

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 30 June 2022

BOLTON WANDERERS COMMUNITY TRUST

Page
Report of the Trustees 2 to 26
Report of the Independent Auditors 27 to 29
Statement of Financial Activities 30
Balance Sheet 31
Cash Flow Statement 32
Notes to the Cash Flow Statement 33
Notes to the Financial Statements 34 to 45
Detailed Statement of Financial Activities 46

1

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

The Trustees who are also directors of the Charity for the purposes of the Companies Act 2006, present their report with the financial statements of the Charity for the year ended 30 June 2022. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Vision

A Connected Bolton Without Disadvantage

Mission

Our mission is to use the power of Bolton Wanderers Football Club to inspire, support and deliver positive change.

Through intervention, prevention and targeted engagement we create sustainable pathways that transform lives.

By working together we connect people, enabling communities to thrive and succeed.

Values

We Celebrate Success …..We recognise the impact of our work through celebrating the achievements of the Charity, its staff and participants on their personal journey

We Are Adaptable To Change …..We evolve and innovate to ensure we meet the changing needs of our community We Believe Inclusion Starts With i …..We are responsible for treating each other with compassion and respect. We promote acceptance, diversity and a sense of belonging for all

We Are Passionate About People …..We acknowledge that people are integral to everything we do. We champion and realise the potential they have and support, encourage and celebrate them

We Love What We Do …..We take what we do seriously, we do it well, whilst having fun!

We Are Stronger Together …..When we collaborate and connect with each other, our community and our partners, we all move forward together and create positive change that transforms lives.

Engagement Outcomes

2

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

Objectives and Aims

The Charity operates through a charitable company and the Charity's objects are for the benefit of the public generally and in particular (but without limitation) children and young people in the Greater Manchester, Lancashire and surrounding areas:-

Public Benefit

In accordance with s4 of the Charities Act 2006, we have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and planning our future activities.

3

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

for the Year Ended 30 June 2022

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

ACHIEVEMENT AND PERFORMANCE

On behalf of the Board of Trustees I have the pleasure of introducing this year’s Report of the Trustees and Financial Statements for the year ending 30 June 2022, which highlights the inspirational work that Bolton Wanderers in the Community carry out across Bolton.

As the Charity approached the year there was still huge uncertainty around how the Covid-19 pandemic would impact the delivery of projects, our ongoing funding and how staff returning to work would adapt to the new hybrid way of working.

To the great credit of all the staff at Bolton Wanderers in the Community they have taken all of these challenges in their stride. They often had to adapt work and the delivery of project plans at short notice along with changing restrictions, staff isolations, and guidelines on working within our local community. We do not under-estimate these efforts of our passionate and dedicated staff, truly striving to make a positive impact on every individual life they come into contact with.

This year the Charity has also undergone a significant strategic change. This has included a full re-brand which led to the Charity now trading as ‘Bolton Wanderers in the Community’ alongside a new logo. This we believe better reflects our work and much closer ties to Bolton Wanderers Football Club.

Our staff and Trustees took part in a six month consultation process with the aim of refreshing the Charity’s vision, mission, values and behaviours which will positively take the Charity forward in the coming years.

I would like to take this opportunity to thank everyone that has contributed to the success of Bolton Wanderers in the Community this year. I hope that you enjoy reading the pages of the report.

Thank you.

David Singleton, Chair of Trustees at Bolton Wanderers in the Community

4

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

ACHIEVEMENT AND PERFORMANCE (Continued)

Our Programmes

COHESION

We are committed to promoting community cohesion and are proud to be the lead organisation in the Bolton Unity Project. This project is delivered by an alliance formed of Bolton Wanderers in the Community, Bolton Solidarity Community Association, Bolton Council of Mosques, Bolton Christian Community Cohesion, Bolton Interfaith Council and Bolton Hindu Forum, funded by the Bolton’s Fund.

Together, we aim to advocate with one voice for many voices to create stronger, more cohesive, and more confident communities in which people feel safe, welcomed and connected.

Statistics:

DISABILITY

Our disability projects aim to connect, support, and empower people with disabilities in our community to be physically and socially active.

We provide positive experiences through sport and leisure, supporting a more active and healthier lifestyle. We also work with children and young people in educational settings, inspiring them to try new recreational and competitive opportunities in a safe and inclusive environment.

Statistics:

5

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

ACHIEVEMENT AND PERFORMANCE (Continued)

Case Study

Over the course of the last year we have been working with Matthew, who after starting off initially as a participant, has now also began volunteering on our disability work, acting as a role model to children and young people with disabilities. We asked Matthew to tell us about his journey with Bolton Wanderers in the Community.

“My name is Matthew, I’m 28 years old. I’ve got a condition called Methylmalonic Acidemia. I have known Debbie (BWitC – Disability Project Officer) for a long time but I lost contact with her for a while. Then I rang her last year and it was lovely to hear her voice again.

I joined BWitC in Covid times. We did quizzes and games online, because I was looking for something to do. I met everyone (other participants from Healthy Goals project) last summer, we all went to the Anderton Centre for a Water Sports Day.

I have joined BWitC because Debbie told me they do Boccia, Kurling and Table Cricket and I enjoy Boccia. Also, I have started volunteering recently which entails doing some coaching and some umpiring. I am enjoying that as I enjoy learning new skills and helping others to do this as well. I enjoy the social aspect of both my volunteering and when I take part in the games myself. They are all a great bunch of people who are very welcoming to everyone.”

Speaking about Matthew and his progress over the last year, our Disability Project Officer Debbie Davies said ‘’Matty has been accessing our provision as a participant for nearly 18 months. Initially this was all virtual via sessions on Zoom, but when face to face contact resumed he became a weekly member in our Healthy Goals group, embracing any activities and opportunities on offer to him. Matty has an infectious personality and volunteering was an obvious progression!

Matty currently helps out on our Panathlon Program, supporting competitive sports events for children with disabilities and inspiring them in what they can do. His role has varied from welcoming teams in to the venues and being a Sports Leader to officiating in local, county and regional events such as Boccia, Kurling, Cricket and Table Cricket. During Covid restrictions, Matty also created and hosted a virtual quiz night for our Bolton Super 1s Cricketers.

Matty is an enthusiastic and passionate volunteer who continues to grow in confidence. He is a great addition to our team and I look forward to supporting him further in his journey with us.’’

6

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

ACHIEVEMENT AND PERFORMANCE (Continued)

EMPLOYABILITY

Our Employability programme aims to equip young people with the skills to advance into education or employment. As well as providing support with job searching, CV writing and interview technique, we provide real-life work experience with local employers to give young people a taste of what a day at work is like. By focusing on developing soft skills and building confidence, we aim to raise the aspirations of those looking for work across the town.

PROJECTS:

Kickstart – 10 unemployed young adults completed Kickstart placement with BWitC, with 4 going on to gain employment with us

Apprenticeships – 2 apprentices employed in 2021-2022

Working Wanderers – 100% of participants reported an increase in confidence

Statistics:

Case Study

Over the past 12 months Bolton Wanderers in the Community has provided employment opportunities for 10 young adults as part of our Employability provision. The Kickstart Scheme gives young adults who are not in employment, education or training (NEET) the opportunity to gain real life work experience over a period of 6 months while earning a wage at the same time.

In May 2021 Sohail took up a Kickstart role with the charity as a Community Coach after struggling to find work for 6 months. He had experienced significant barriers in relation to his health which had affected his confidence and he was looking to give back to the community by helping those who had been through similar situations themselves.

“I had a period of time where I was really struggling with my mental health, confidence and I was having more seizures due to my epilepsy. The opportunity with Bolton Wanderers in the Community came at a really good time and gave me the chance to try something new” – Sohail Patel

As part of his Kickstart role, Sohail took part in a number of different CPD opportunities to help him develop his work routine and leadership skills. He completed his BT Playmakers Certificate as well as his FA Level 1 Coaching Award to help him develop his delivery skills and is now leading sessions on our PL Kicks provision.

7

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

ACHIEVEMENT AND PERFORMANCE (Continued)

Throughout his Kickstart role, Sohail worked across a number of projects but it was clear that he excelled when working with young people who needed extra support on our Premier League Primary Stars and Premier League Inspires provision. His ability to engage our beneficiaries and his enthusiasm for supporting disadvantaged young people has made him a really valuable member of the team. As a result, Sohail is now working for BWitC after finishing his Kickstart placement and is continuing to help inspire young people across the town.

“Working for Bolton Wanderers in the Community has helped me get out of my comfort zone, meet new people, develop my confidence and has had a really positive impact on my health. I’m enjoying every minute of it and can’t wait to develop my skills even further” – Sohail Patel

INSIDE OUT

Our Inside Out programme aims to engage those in our community who are at increased risk of involvement in crime. Supporting both offenders and victims, our provision includes working with individuals out in the community to help steer them away from offending, as well as referring victims of crime to our PL Targeted Mentoring provision. Alongside this we work with those currently serving sentences in HMP Forest Bank and young people known to local Youth Justice Services.

Statistics:

INCLUSION

We are proud to put equality, diversity and inclusion at the forefront of everything we do. We continue to work hard to be an inclusive organisation that is leading from the front to be a voice for people who struggle to be heard.

Projects within this area of work include our PL Kicks project, LGBTQ+ youth provision, female sport engagement and leadership sessions, BAME-specific youth and football sessions and projects to support community cohesion, uniting people from different cultures, backgrounds, religions, and ethnicities in a safe and welcoming environment.

8

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

ACHIEVEMENT AND PERFORMANCE (Continued)

Statistics:

MENTORING

Our mentoring programme consists of three different projects; iThrive, Positive Chances and PL Targeted. These projects all share the same outcome to support vulnerable and high-risk children and young people, by working with individuals on a 1-2-1 basis to provide emotional, health and wellbeing support, acting as positive role models.

Our mentors are highly skilled people who come from a variety of backgrounds and professions, which enables them to effectively support young people to reach their potential and live positive and happy lives.

Statistics:

SCHOOLS

Using the appeal of the Premier League and Bolton Wanderers Football Club we aim to inspire children to learn, be active and develop important life skills. Supporting them as they move through the education system and early adulthood.

We deliver educational projects and support across Bolton to ensure young adults are active and engaged in developing important life skills and qualifications. Our work provides the opportunities for young adults to engage in a positive life, ensuring they gain positive experiences through sport and physical activity.

Premier League Primary Stars Statistics:

9

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

ACHIEVEMENT AND PERFORMANCE (Continued)

Premier League Inspires Statistics:

Case Study

We have interacted with many different children from a variety of backgrounds, but the Premier League Primary Stars Project has had a noticeable impact on one person in particular. Child X is 6 years old and has autism. She is non-verbal and struggles to engage with mainstream school life. When speaking to her class teacher, they fed back that they had to regularly rely on adult support and vast amounts of differentiation to suit her additional needs.

In the past, Child X would not take part in PE lessons, instead choosing to sit on the side and not engaging with her classmates at all, and therefore not meeting any objectives in this area. The feedback was that teachers found it tough to engage her with their PE lessons, and this is something that our staff supported the teachers and school with.

We initially had a member of staff work with her closely on a 1-2-1 basis within the PE lessons, helping to differentiate activities to her needs, whilst also demonstrating to the teacher how this could be done for different activities. It was noted from her class teacher and the head teacher, who agree that now her eyes ‘light up’ when it’s time to start the lessons and that she has clearly improved her confidence when taking part in PE lessons.

Working with us has given Child X the opportunity to improve her interpersonal relationships and to feel more inspired and engaged when walking into PE sessions, as she knows that it is a space where she can be herself, laugh, play and develop her skills at her pace.

Speaking on Child X, Mrs Ryding said “Since working with Bolton Wanderers in the Community, we have seen a vast improvement in Child X’s attainment and enjoyment in PE. Prior to the sessions, Child X would rarely take part in group activities in PE. Since then, she is much more confident to work with her peers and try new things!”

WELLBEING

Our Wellbeing programme offers a range of projects and services aimed at improving the health and wellbeing of our adult residents across Bolton, by promoting a healthy and active lifestyle.

We deliver weekly sessions that encourage increased levels of physical activity, healthy eating, goal setting. We also aim to reduce the stigma around mental health.

Outcomes of this programme include:

10

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

ACHIEVEMENT AND PERFORMANCE (Continued)

Statistics:

From the 108 individuals who completed FIT FANS over the last 12 week cohort we saw a total of:

COMMUNITY INTEREST COMPANY

Wanderers Sport in the Community CiC was unable to trade during the year due to delays in setting up a bank account. Therefore, all income and costs related to commercial football activities remained within the charity. The CiC began trading in September 2022. It forecasts to make a small surplus in its first year of trading and that will be transferred to the charity.

FUNDING STREAMS

As planned, a new funding and fundraising strategy was developed which includes a three year events calendar. A media and communications plan was also developed which has helped to raise the interest in the events held so far and also raised the profile of the charity. This in turn has led to increased donations.

A major success is the significant increase in projects being funded through commissioning. The most sizeable was Public Health England who funded a very successful Weight Management project in addition to two smaller ones for Extra Time and men’s mental health.

11

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

ACHIEVEMENT AND PERFORMANCE (Continued)

12

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

ACHIEVEMENT AND PERFORMANCE (Continued)

Player Engagement

Having the support of Bolton Wanderers Football Club’s First Team, Academy players and backroom staff helps to inspire and motivate individuals and raise the aspirations of the local community. Supporting our community programmes connects the Club further within the town.

Speaking about the importance of the players and backroom staff supporting the Bolton Wanderers in the Community’s programmes, BWFC Manager Ian Evatt said “I fully support the work that we carry out in the town through the Club’s Charity. I am passionate about our Club playing its part across the Bolton community, and as the Manager I think that it is important that the players get out in the community to meet and speak with the Charity’s beneficiaries, supporting the work of the Charity.

This is an aspect that I enjoyed during my playing career and see it as an important role of any player in my team. As the town and fans support us, it is equally important we support Bolton’s residents”

Amadou Bakayoko PFA Community Champion for the 2021/22 Season

The Wanderers’ striker was recognised as the Club’s PFA Community Champion for the 2021/22 season for his outstanding work supporting projects run by Bolton Wanderers in the Community. He has particularly supported the Charity’s men’s mental health project Team Talk and our weight management project Fit Fans. Bakayoko received his community award from supporter Dave Blackburn, a Wanderers’ fan and participant on BWitC projects.

Speaking on receiving the award Bakayoko said “It means a lot to receive the award, Bolton Wanderers in the Community does so much important work in helping and improving the lives of many people, who are also our fans. I always enjoy meeting them, sharing my experiences and doing what I can to help and it’s something I will keep doing whenever possible.”

Ian Evatt and Adam Senior support the Annual Golf Day

Bolton Wanderers Manager Ian Evatt and Defender Adam Senior showed their support for Bolton Wanderers in the Community when they attended the Charity’s annual golf day.

Amadou Bakayoko visits Fit Fans and Team Talk projects

Bolton Wanderers forward Amadou Bakayoko recently showed his support for Bolton Wanderers in the Community’s FIT TROTTERS project when he visited the session.

13

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

ACHIEVEMENT AND PERFORMANCE (Continued)

Meeting the men on the weight management project Bakayoko spoke with the group around how he leads a healthy lifestyle, including his own diet and tips on cooking substitutes. He then spent time answering questions from the group around his playing career and ambitions for his time at Bolton Wanderers.

George Johnston Surprises Fans for their 65th Wedding Anniversary

Wanderers First Team player George Johnston surprised long term supporters and season ticket holders Pat and Arthur as part of Mind’s #DoOneThing campaign.

The couple, Pat and Arthur, were thrilled to be surprised by Wanderers defender George Johnston who had brought with him a signed Bolton Wanderers shirt aptly numbered 65, and a card signed by the entire first team squad congratulating them on their 65th wedding anniversary.

Johnston then spent time with the couple, where Pat and Arthur recalled their first Bolton Wanderers games attended at Burnden Park, their favourite players and also how much they were enjoying watching the team play this year.

Speaking after the meeting the couple Johnston said. “It was fantastic to meet Pat and Arthur and congratulations to them. It’s a lovely story and fantastic that they are still watching us as such loyal fans after all this time. I’m delighted if this one thing makes their experience of following Wanderers even better. And it also shows that doing one thing can make a difference to hopefully help someone’s mental health and wellbeing.”

Bodvarsson attends Fit Fans and Team Talk projects

In February Wanderers Icelandic international Jon Dadi Bodvarsson attended two of Bolton Wanderers in the Community’s projects, Fit Fans and Team Talk.

Bodvarsson spoke to the group of women on the Fit Fans project around topics on maintaining a healthy lifestyle, including; nutrition,physical activity and his mindset. The striker then spent some time at the Team Talk project, which supports men with their mental health and wellbeing. Spending time with the group and taking part in discussions on his career, family, his future aspirations and how to overcome setbacks with a positive mindset and outlook on life.

Baptiste, Senior and Thomason Join Bolton Unity Project Community Walk

As part of Bolton Unity Project’s Community Walks, BWFC players Alex Baptiste, Adam Senior and George Thomason joined the group on one of their walks across the scenic Jumbles Country Park. The walks help to promote cohesion across all the different Bolton communities. The Bolton Unity Project hosted this walk as part of the EFL Week of Action, a celebration of the invaluable work of the EFL’s 72 Clubs in their local community.

Show Racism the Red Card Event Supported by Afolayan, Charles and Kachunga

First-team players Dion Charles, Dapo Afolayan and Elias Kachunga attended and answered questions around racism and discriminatory behaviour on a panel.

The event in partnership with Show Racism the Red Card, saw three anti-discrimination events delivered to over 500 children from local schools. Over the three days, the events educated 15 classes from 12 different schools from across Bolton in an interactive and fun day. This event was the largest of its type that leading anti-racism educational charity Show Racism the Red Card delivered alongside a football club.

George Johnston Unveils Community Defibrillator at Masefield Primary School

On the 28th March 2022, Masefield Primary School in Little Lever unveiled a brand new community defibrillator with the help of Bolton Wanderers centre back George Johnston.

Johnston joined the children towards the end of a Bolton Wanderers in the Community’s Play Leaders session, before joining the rest of the school outside to thunderous applause, and cutting the red ribbon unveiling the defibrillator. After the ribbon cutting, Johnston took questions from the students across each year group and teachers. He spoke with the children about his journey to success, staying on top of mental and physical health and the attitudes needed to reach your full potential.

14

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

ACHIEVEMENT AND PERFORMANCE (Continued)

15

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

FINANCIAL REVIEW

Performance

Incoming resources and how those resources have been expended are provided on page 30.

Total income receivable of £1.27m reflected an increase of 25% (12 months to 30 June 2021: £1.01m). Total costs have increased by 49% to £1.29m (12 months to 30 June 2021: £866k).

A deficit of (£24k) has been reported in the year.

Restricted funds show a deficit for the year of (£64k). This was fully expected when the budget for 2021-22 was developed because restricted income received in previous years was to be spent during this year.

Unrestricted funds show a surplus of £40k which was ahead of budget. One of the main reasons for the improved surplus was because staff who normally work on unrestricted projects were reassigned to work on the Public Health Weight Management project. Also, the agreement from James Industrial Limited to transfer their loan to designated, unrestricted income as a donation was very beneficial.

Unrestricted funds carried forward now stand at £114k including designated unrestricted funds of £22k. Restricted funds carried forward now stand at £225k.

All credit provided is reviewed on a regular basis. At the balance sheet date, the Charity still held a loan of £150k received from GMCVO in December 2020 when the impact of Covid-19 was a major worry. During the year, the charity’s unrestricted income level exceeded pre Covid levels and therefore, the loan was repaid in full with no penalties or interest incurred. There are currently no plans to explore new credit or loan options.

Fundraising

Although the majority of income comes in the form of restricted grants, often from regular funders such as Premier League Charitable Fund, income from Commissioning work was received. This type of funding will continue to be sourced in future years.

Grant income shows a small increase compared to 2021 but income from donations has increased significantly. This is largely due to the donation from James Industrial, but donations from individuals, in particular BWFC supporters has also increased. This is due to the development of a Media and Communications strategy and a Fundraising strategy. Both strategies will continue to be developed and implemented in future periods.

The Charity uses the services of The Name of the Game to find and apply for grant funding. This service is still being used after year end. Staff also have responsibilities to find project funding.

The Charity sets a budget prior to the start of each financial year. Incoming resources from restricted funds received in the year is 6% behind budget. Unrestricted income is 46% ahead of budget.

Government Grants

In August 2022 all remaining staff returned from furlough. The Charity made use of the government’s Coronavirus Job Retention Scheme for the month of July to support 13 staff (2021: 38). The total amount claimed in the year was £9k (2021: £203k).

No other government support was sought or received to aid the Charity although project grants were received for the Holiday Activities and Food Programme.

16

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

FINANCIAL REVIEW (continued)

Reserves Policy

The reserves policy should be reviewed and approved by the Finance Committee at least annually at the time of the budget setting, and at least every 3 years should be approved by Trustees and minuted as such.

The policy was reviewed and updated in June 2022 when the 3 year strategic plan 2022-2025 and the 12 month budget for 2022-23 was available.

Reserves are that part of a charity’s unrestricted income fund that is freely available to spend on any of the charity’s purposes. To set a reserves policy, it is vital for Trustees to understand any restrictions on the use of the charity’s funds. In certain circumstances holding restricted funds may reduce the need to hold reserves for particular purposes.

Restricted funds can only be used for particular purposes of a charity that are narrower than the overall charitable purposes of the charity. Restricted funds include endowments and restricted income funds are excluded from the definition of reserves. However, the nature and amount of restricted funds may influence the amount of reserves held by the charity.

In the case of Bolton Wanderers in the Community, approximately 60% of its annual £1.27m income arises from restricted funding, most significantly from PLCF and Public Health. However, within restricted grants there is an allocation of some £110k+, 15% of restricted income which is available to support Head Office costs as opposed to direct project costs, which is therefore available to bolster unrestricted reserves.

The need for and use of functional assets should be reviewed. In the case of BWitC, there are no material assets other than cash and current assets. The relevant assets in which reserves should be held are net current assets including cash. Should other material assets be acquired the Finance Committee will address whether they constitute an appropriate store for reserves.

In light of the above, the Finance Committee recommend that 3-4 months’ of Unrestricted Costs should be the Target level of Unrestricted Reserves.

This is felt to create sufficient time in case of need to restructure the cost base in terms of payroll with sufficient length of time to give notice or achieve a compromise agreement with staff if needed. It would also cover some delay to Restricted Income and Unrestricted Income in terms of timing of fund raising events and donations. This period would also give time to consider whether alternative income sources can be secured in the event of a shortfall of income against budget.

The current level of unrestricted reserves is equal to circa 2 months’ unrestricted costs.

The target bank balance has been set by the Trustees at a minimum of £100,000. The level was not breached at any point during the year.

Risk

Identifying and managing risk is an important part of good charity governance. Certain risks, if they occur, will have a financial impact and will be considered as part of the budgetary process. Identified financial risk will also influence and inform a charity’s reserves policy. Holding reserves may form part of the charity’s strategy for managing the impact of an identified risk should it occur.

The commission’s guidance Charities and risk management (CC26) identifies the key risks which most charities should consider. Whilst risk is broader than just financial risk, in working through the guidance on risk management, Trustees should consider the financial impact on the charity of the identified occurring and ask whether reserves are needed to help manage the financial impact.

17

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

FINANCIAL REVIEW (continued)

Charities should be responsive to beneficiary needs and for some charities this can arise urgently and unexpectedly. Again, charities should consider the need to hold reserves in response to such events or whether it can rely on an appeal to the public where urgent need arises.

BWitC maintains a risk register and the reserves policy will recognise those risks identified as material therein.

Financially the main risks are:

Going Concern

The Charity continues to receive funding from PLCF for PL Core which will continue to improve its governance. Premier League Charitable Fund continues to fund PL Kicks, PL Primary Stars and PL Inspires. This will continue for at least a further 2 years.

JD Foundation have agreed to increase their level of funding but have requested that the funding be used for an employability project. Bolton Together have confirmed further funding for iThrive mentoring work until June 2024.

English Football League Trust continue to provide unrestricted Core funding. A sponsorship agreement from Bolton at Home has been signed which provides significant funding until 2025.

Clarion Futures and Bolton CVS/Bolton’s Fund continue to fund smaller projects.

The commitment from Bolton Wanderers Football Club to hold fundraising events each year continues. The media exposure from these events will lead to greater awareness of the charity which should lead to additional donations.

The Charity therefore, has sufficient liquid resources to meet its liabilities as they fall due and has resources to continue in operational existence for the foreseeable future. Accordingly, the Trustees and board of directors have adopted the going concern basis in preparing the annual report and accounts.

18

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

FUTURE PLANS

THE VISION

Bolton 2030 is the long term vision for the borough. The vision partnership wants to see a Bolton which is: ACTIVE, CONNECTED AND PROSPEROUS

THE PRINCIPLES

The vision is supported by a set of principles that the partnership holds dear and these are that we should be:

THE OUTCOMES

Bolton 2030 is built around 6 outcomes for our people and places. These are:

The Engagement Outcomes have been developed around our Mission Statement. The below outcomes contribute to a thriving community. If any of these outcomes are achieved within our programmes and projects, then, we will have helped towards ‘A thriving Bolton community’. These outcomes will be used as a guide when designing any new projects and pieces of work.

19

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

FUTURE PLANS (Continued)

Project Plans

Health and Wellbeing

Developments:

Inclusion

Developments:

Employability

Developments:

Education

Developments:

Community Hubs

Sutton Community Hub, Sutton Estate, Dean (model trial)

A community hub is a multipurpose centre, that provides a range of high quality and cost effective services to the local community, with the potential to develop new services in response to changing community needs. Community hubs can provide a means for alternative approaches to service delivery – underpinned by the principles of community involvement and partnership.

20

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

FUTURE PLANS (Continued)

Our plans for the Community Hub Model:

Community-led

Enterprising and resilient

Equality, Diversity and Inclusion

Equality, Diversity and Inclusion has now become a Programme for BWitC. Progress has been made in the development of its EDI Action Plan. This will in turn map in to the Football Club Plan.

Key Planning includes:

21

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

FUTURE PLANS (Continued)

Events and Fundraising

Bolton Wanderers in the Community has made improvements and has achieved successful fundraising targets across the last 12 months. Across the last year a full re-brand was undertaken including a refresh of the vision, mission, key messages, outcomes, values and behaviours alongside a name change and a new logo to reflect this.

The Charity has benefitted from a closer relationship to the Bolton Wanderers Football Club which has in itself brought income to the Charity. The ‘Chairman’s Walk’ raised over £28,000 for BWitC’s mental health provision. Whilst the Football Club has also recruited positions which has benefitted our fundraising campaigns, these positions include a Marketing Executive and Graphic Designer. The Charity is able to utilise these resources as part of the service level agreement with the Football Club.

Whilst the Football Club has recruited within this department, there are currently no dedicated resources within BWitC for fundraising, with all current fundraising activities being delivered on top of staff roles, with no lead on driving the fundraising strategy of the Charity. There is one annual fundraising event which is the Charity Golf Day, with other fundraising events ad-hoc depending on a number of factors including staff resources available and Football Club buy in. BWitC pay for the services of ‘Name of the Game’ as a consultant grant funding bid writer.

Moving forward into the new three year strategy for the Charity, a lead from the Senior Leadership Team has been identified to lead on fundraising for the Charity, whilst Trustees have signed off on the investment in a Events and Fundraising Officer with responsibilities around increasing the number of Community Fundraising events and income from these events, and to help achieve the fundraising strategy.

The corporate fundraising element of the Charity’s income streams is currently under review with the aim of refreshing and refining the offer. The landscape of both what BWitC corporate packages are and the relationship with the Football Club’s corporate department has changed in the last year.

22

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

for the Year Ended 30 June 2022

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

FUTURE PLANS (Continued)

Media and Communications

The Charity has made improvements in the Media and Communications department across the last 12 months. Two Media and Communications Assistants have been employed via the government’s Kickstart Scheme, alongside the overall responsibility of the Charity’s communications being assigned to a member of the senior leadership team. Bolton Wanderers Football Club’s Media and Communications team has grown, with a Marketing Executive and Graphic Designer employed alongside the existing Head of Media and Communications, Media and Communications Officer and Videographer. The Charity is able to utilise these resources as part of the service level agreement with the Football Club.

With the recognised increase in the importance and ability to capture and share evidence and impact of the Charity’s work, Trustees have signed off for two new roles to be developed and recruited which will assist with the delivery of the communications strategy, these are for a Media and Communications Officer and a Fundraising and Events Officer. With an increase in the resources available for marketing, communications and community fundraising, Bolton Wanderers in the Community can continue to build the presence needed to support the crucial work across Bolton’s most deprived communities.

23

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure

The charitable company is governed by a committee who are Trustees of Bolton Wanderers Community Trust elected under the terms of the charitable company's rules.

Trustees are appointed for their relevant skills as listed on page 13. Each Trustee goes through an induction process into the Charity and throughout the year there are training modules in specific areas such as safeguarding that form part of the Trustees meetings.

The day to day management of the Charity is delegated to the Senior Leadership Team which comprise:

Phil Mason – Chief Executive Officer Ben Lawton – Head of Community Elaine Hallam – Business and Corporate Manager Clare Roocroft – Finance Manager Richard Slater – Disability and Health Manager Adam Warriner – Education and Inclusion Manager – Resigned 3 May 2022

The Education and Inclusion Manager was the Safeguarding Lead for the charity. Ben Lawton became the Interim Safeguarding Lead until a dedicated staff member is found. The other responsibilities within the role were distributed to the Programme Lead team with support from SLT members.

The Board of Trustees met monthly and were provided with monthly operations and finance reports to enable them to monitor the performance and make decisions on behalf of the Charity.

24

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04323645 (England and Wales)

Registered Charity number

1090753

Trading Name

Bolton Wanderers in the Community

Registered office

University of Bolton Stadium Burnden Way Lostock Bolton BL6 6JW

Trustees

Name

Skills and Responsibilities

Mr D Singleton Chair Mr J McGinlay Partnerships Mrs M R Bisset Health Mrs J K Smith - Resigned 21 September 2022 Safeguarding Ms N Rutherford Equality, Diversity, Inclusion Mr W K Dawson Finance Mr A P Walsh Legal Mr P Holliday - Resigned 15 December 2021 Media Mr B Aideed Emerging Communities Mr W H C Webster Education and Skills Mr N Hart - Appointed 22 September 2021 Club CEO, strategy

Company Secretary

Mrs C E Roocroft

Members

Mr S Phillips Mr D Singleton Mrs M R Bisset Mrs J K Smith - Resigned 21 September 2022

Auditors

Cowgill Holloway LLP Regency House, 45-53 Chorley New Road, Bolton BL1 4QR

Bankers

Royal Bank of Scotland 4th Floor, 1 Hardman Boulevard, Manchester, M3 3AQ

25

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

REPORT OF THE TRUSTEES

for the Year Ended 30 June 2022

STATEMENT OF TRUSTEES RESPONSIBILITIES

The Trustees (who are also the directors of Bolton Wanderers Community Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the 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 those financial statements, the Trustees are required to

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding 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:

AUDITORS

The auditors, Cowgill Holloway LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

22/3/2023 | 9:36 PM GMT

Approved by order of the Board of Trustees on ............................................. and signed on its behalf by:

............................................. Mr D Singleton – Trustee

26

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

for the Year Ended 30 June 2022

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

BOLTON WANDERERS COMMUNITY TRUST

Opinion

We have audited the financial statements of Bolton Wanderers Community Trust (the “Charity”) for the year ended 30 June 2022 which comprise the Statement of Financial Activities, Balance Sheet, Cash Flow Statement, including a summary of significant accounting policies and related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with the International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions related to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’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 the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any dorm of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

27

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

BOLTON WANDERERS COMMUNITY TRUST

for the Year Ended 30 June 2022

Matters on which we are required to report by exception

In light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of the trustees

As explained more fully in the Statement of Trustees Responsibilities set out on page nine, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters relating to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit 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 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could be reasonably expected to influence the economic decisions 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 responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud, is detailed below.

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussions with the trustees (as required by auditing standards) and discussed with the trustees the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. The potential effect of these laws and regulations on the financial statements varies considerably.

Firstly, the charitable company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation and taxation legislation. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Secondly, the company is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most like to have such an effect: charities legislation, laws related to health and safety, employment laws, gender pay gap, GDPR and consumer protection.

28

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

BOLTON WANDERERS COMMUNITY TRUST

for the Year Ended 30 June 2022

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and inspection of regulatory and legal correspondence, if any. Through these procedures we did not become aware of any actual or suspected non-compliance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

We design procedures in line with our responsibilities, outlined below to detect material misstatement due to fraud:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.orf.uk/auditorsresponsibilities. This description forms part of our auditor’s report. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 6 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Nilesh Modhvadia (Senior Statutory Auditor) for and on behalf of Cowgill Holloway LLP (Statutory Auditor) Regency House, 45-53 Chorley New Road, Bolton BL1 4QR

23/3/2023 | 8:30 AM GMT

Date: .............................................

29

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 30 June 2022

30.6.22 30.6.21
Unrestricted Restricted Total funds Total funds
fund fund
Note £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations, legacies and grants 2 286,834 732,379 1,019,213 894,300
Charitable activities:
Provision of courses, classes and services 3 249,029 - 249,029 118,579
Total 535,863 732,379 1,268,242 1,012,879
EXPENDITURE ON
Charitable activities:
Provision of courses, classes and services 485,058 801,861 1,286,919 860,930
Cost of raising funds 5,525 - 5,525 5,331
Total 490,583 801,861 1,292,444 866,261
NET INCOME/(EXPENDITURE) 45,280 (69,482) (24,202) 146,618
TRANSFERS BETWEEN FUNDS (5,631) 5,631 - -
NET MOVEMENT IN FUNDS 39,649 (63,851) (24,202) 146,618
RECONCILIATION OF FUNDS
Total funds brought forward 74,538 288,469 363,007 216,389
TOTAL FUNDS CARRIED FORWARD 114,187 224,618 338,805 363,007

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

30

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST (REGISTERED COMPANY NUMBER: 04323645)

BALANCE SHEET

At 30 June 2022

30.6.22 30.6.2 1
Unrestricted Restricted Total funds Total funds
fund fund
Note £ £ £ £
FIXED ASSETS
Tangible assets 11 3,428 12,875 16,303 17,620
CURRENT ASSETS
Debtors 12 147,410 73,244 220,654 161,005
Cash at bank 167,823 217,502 385,325 493,075
315,233 290,746 605,979 654,080
CREDITORS
Amounts falling due within one year 13 (204,474) (79,003) (283,477) (158,693)
NET CURRENT ASSETS 110,759 211,743 322,502 495,387
TOTAL ASSETS LESS CURRENT LIABILITIES 114,187 224,618 338,805 513,007
NET ASSETS 114,187 224,618 338,805 363,007
FUNDS 16
General unrestricted funds 92,212 72,313
Designated unrestricted funds 21,975 2,225
Restricted funds 224,618 288,469
TOTAL FUNDS 338,805 363,007

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.

22/3/2023 | 9:36 PM GMT

The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by:

............................................. Mr D Singleton -Trustee

The notes form part of these financial statements

31

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

CASH FLOW STATEMENT

for the Year Ended 30 June 2022

Cash flows from operating activities:
Cash generated from operations
1
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Purchase of tangible fixed assets
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Cash receipts from new loan
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of the
reporting period
Cash and cash equivalents at the end of the
reporting period
Notes		 (100,872)
(100,872)
(6,878)
-
-
(107,750)
493,075
385,325
30.6.22
£		 77,296
77,296
(8,640)
-
150,000
218,656
274,419
493,075
30.6.21
£

The notes form part of these financial statements

32

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

NOTES TO THE CASH FLOW STATEMENT for the Year Ended 30 June 2022

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net movement in funds for the reporting period (as per the statement of
financial activities)
Adjustments for:
Depreciation charges
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by (used in) operating activities		 30.6.22
£
(24,202)
8,194
(59,648)
(25,216)
(100,872)		 30.6.21
£
146,618
7,709
(78,534)
1,503
77,296

2. ANALYSIS OF CHANGES IN NET DEBT

Cash and cash equivalents
Cash
Total		 At 1.7.21
Cash flows
At 30.6.22
£
£
£
493,075
(107,750)
385,325
493,075
(107,750)
385,325

33

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 30 June 2022

BOLTON WANDERERS COMMUNITY TRUST

1. ACCOUNTING POLICIES

Company information

Bolton Wanderers Community Trust is a charitable company registered as a Charity in England and Wales and a company limited by guarantee. The registered office is University of Bolton Stadium, Burnden Way, Lostock, Bolton.

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', the Companies Act 2006 and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The Charity has been successful in securing funding for PL Core which will continue to improve its governance. Premier League Charitable Fund continues to fund PL Kicks, PL Primary Stars and PL Inspires. Covid response funding from DCMS, distributed by EFLT and new funding from Big Lottery to work with older people has been confirmed. New funding from MCHLG and CVS will enable the Charity to work with more diverse communities. The Charity continues to receive support from Bolton at Home, EFLT Core and JD Foundation. The Charity therefore, has sufficient liquid resources to meet its liabilities as they fall due and has resources to continue in operational existence for the foreseeable future. Accordingly, the Trustees and board of directors have adopted the going concern basis in preparing the annual report and accounts.

Income

All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Turnover is the amount derived from the provision of goods/services, and stated after trade discounts. VAT is not charged.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Sports equipment - at varying rates on cost
Fixtures and fittings - 25% on cost
Office equipment - 25% on cost

Taxation

The Charity is exempt from corporation tax on its charitable activities.

Fund accounting

General unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.

Designated unrestricted funds have been designated by the Trustees for particular purposes, and are also unrestricted as the Board can re-assign those monies if it so desires.

Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

34

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 30 June 2022

BOLTON WANDERERS COMMUNITY TRUST

1. ACCOUNTING POLICIES – continued

Government grants

During the year, the Charity has been in receipt of government grants relating to the furlough scheme. These grants are recognised in income when the entitlement to them arises, with the corresponding wage cost accounted for on a gross basis.

Key judgements and estimation uncertainty

Judgements are made by Trustees in the process of applying the Charity’s accounting policies. Key judgements are estimating the useful lives of fixed assets, going concern and any bad debt provision. These uncertainties are not thought to pose a significant risk of causing a material adjustment to the carrying amounts and assets within the next financial year.

Pension costs and other post-retirement benefits

Defined contribution scheme premiums are charged to the Statement of Financial Activities in the period in which they are paid.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, concessionary loans receivable and concessionary loans payable.

Trade debtors and trade creditors are respectively debt instruments and financial liabilities measured at amortised cost. Concessionary loans receivable and concessionary loans payable are respectively debt instruments and financial liabilities measured at amortised cost.

2. DONATIONS, LEGACIES AND GRANTS

Donations
Grants		 30.6.22
£
158,182
861,031
1,019,213		 30.6.21
£
39,042
855,258
894,300

Grants include those from charities and charitable organisations in addition to government grants. Government grants consist of £8,011 (2021: £202,680) from the Coronavirus Job Retention Scheme, £55,287 for Kickstart (2021: £3,000), HAF £32,930 (2021: £3,800), £nil from the Ministry for Housing, Community and Local Government administered by EFLT (2021: £35,075) and £nil from Department for Digital, Culture, Media and Sport administered by EFLT for the Tackling Loneliness Together project (2021: £49,204).

3. INCOME FROM CHARITABLE ACTIVITIES

Activity
Sport activities
Provision of courses, classes and services
Funded sport activities
Provision of courses, classes and services
Miscellaneous income
Provision of courses, classes and services,
including other events		 30.6.22
£
55,057
98,273
95,699
249,029		 30.6.21
£
27,252
76,689
14,638
118,579

35

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 30 June 2022

4. CHARITABLE ACTIVITIES COSTS

Direct costs
Support costs
(See note 5)
£
£
Provision of courses, classes and services
1,274,639
17,805
5.
SUPPORT COSTS
30.6.22
Governance costs:
Provision of courses, classes and services
£
17,805		 Totals
£
1,292,444
30.6.21
£
15,638

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Auditors' remuneration
Depreciation - owned assets
Operating lease payments recognised as an expense		 30.6.22
£
7,500
8,194
13,215		 30.6.21
£
6,881
7,709
10,773

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no Trustees' remuneration or other benefits for the year ended 30 June 2022 nor for the year ended 30 June 2021.

Trustees' expenses

There were no Trustees' expenses paid for the year ended 30 June 2022 nor for the year ended 30 June 2021.

8. STAFF COSTS

Total staff costs for the year were as follows:

Wages and salaries
Pension
Health benefit
Social security costs
Other benefits		 30.6.22
£
780,382
25,276
1,355
51,530
2,535
861,078		 30.6.21
£
588,718
27,722
1,532
41,598
9,200
668,770

Pension expenses are allocated between charitable activities and between grants for restricted and unrestricted projects based on the number of hours worked on each project or activity by each member of staff.

36

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 30 June 2022

The average number of employees was as follows:

Year Ended Year Ended
30.6.22 30.6.21
No No
Number of staff 55 42

One member of staff (2021: none) received employment benefits in excess of £60,000 during the year.

The Trust considers its key management personnel comprise the Trustees, Chief Executive Officer, Head of Trust, Finance Manager, Business & Corporate Manager, Disability and Health Manager and Education and Inclusion Manager. The total employment benefits including employer pension contributions and benefits in kind of the key management personnel were £259,139 (2021: £227,090).

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
Restricted
fund
Total funds
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
333,248
561,052
894,300
Charitable activities
Provision of courses, classes and services
118,579
_-
118,579
Total
451,827
561,052
1,012,879
EXPENDITURE ON
Charitable activities
Provision of courses, classes and services
401,221
459,709
860,930
Cost of raising funds
5,331
-
5,331
Total
406,552
459,709
866,261
NET INCOME/(EXPENDITURE)
45,275
101,343
146,618
TRANSFERS BETWEEN FUNDS
(3,744)
3,744
-
NET MOVEMENT IN FUNDS
41,531
105,087
146,618
RECONCILIATION OF FUNDS
Total funds brought forward
33,007
183,382
216,389
TOTAL FUNDS CARRIED FORWARD
74,538
288,469
363,007		 Unrestricted
fund
Restricted
fund
Total funds
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
333,248
561,052
894,300
Charitable activities
Provision of courses, classes and services
118,579
_-
118,579
Total
451,827
561,052
1,012,879
EXPENDITURE ON
Charitable activities
Provision of courses, classes and services
401,221
459,709
860,930
Cost of raising funds
5,331
-
5,331
Total
406,552
459,709
866,261
NET INCOME/(EXPENDITURE)
45,275
101,343
146,618
TRANSFERS BETWEEN FUNDS
(3,744)
3,744
-
NET MOVEMENT IN FUNDS
41,531
105,087
146,618
RECONCILIATION OF FUNDS
Total funds brought forward
33,007
183,382
216,389
TOTAL FUNDS CARRIED FORWARD
74,538
288,469
363,007		 Unrestricted
fund
Restricted
fund
Total funds
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
333,248
561,052
894,300
Charitable activities
Provision of courses, classes and services
118,579
_-
118,579
Total
451,827
561,052
1,012,879
EXPENDITURE ON
Charitable activities
Provision of courses, classes and services
401,221
459,709
860,930
Cost of raising funds
5,331
-
5,331
Total
406,552
459,709
866,261
NET INCOME/(EXPENDITURE)
45,275
101,343
146,618
TRANSFERS BETWEEN FUNDS
(3,744)
3,744
-
NET MOVEMENT IN FUNDS
41,531
105,087
146,618
RECONCILIATION OF FUNDS
Total funds brought forward
33,007
183,382
216,389
TOTAL FUNDS CARRIED FORWARD
74,538
288,469
363,007		 Unrestricted
fund
Restricted
fund
Total funds
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
333,248
561,052
894,300
Charitable activities
Provision of courses, classes and services
118,579
_-
118,579
Total
451,827
561,052
1,012,879
EXPENDITURE ON
Charitable activities
Provision of courses, classes and services
401,221
459,709
860,930
Cost of raising funds
5,331
-
5,331
Total
406,552
459,709
866,261
NET INCOME/(EXPENDITURE)
45,275
101,343
146,618
TRANSFERS BETWEEN FUNDS
(3,744)
3,744
-
NET MOVEMENT IN FUNDS
41,531
105,087
146,618
RECONCILIATION OF FUNDS
Total funds brought forward
33,007
183,382
216,389
TOTAL FUNDS CARRIED FORWARD
74,538
288,469
363,007

1,012,879
860,930
5,331
866,261
146,618
-
146,618
216,389
363,007

866,261
146,618
-
146,618
216,389

363,007

37

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 30 June 2022

10. COMPARATIVES FOR THE BALANCE SHEET

Unrestricted Restricted Total funds
fund fund
£ £ £
FIXED ASSETS
Tangible assets 4,979 12,641 17,620
CURRENT ASSETS
Debtors 152,147 8,858 161,005
Cash at bank 213,464 279,611 493,075
365,611 288,469 654,080
CREDITORS
Amounts falling due within one year (146,052) (12,641) (158,693)
NET CURRENT ASSETS 219,559 275,828 495,387
TOTAL ASSETS LESS CURRENT LIABILITIES 224,538 288,469 513,007
CREDITORS
Amounts falling due within one year (150,000) - (150,000)
NET ASSETS 74,538 288,469 363,007

38

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 30 June 2022

BOLTON WANDERERS COMMUNITY TRUST

11. TANGIBLE FIXED ASSETS

COST
At 1 July 2021
Additions
At 30 June 2022
DEPRECIATION
At 1 July 2021
Charge for year
At 30 June 2022
NET BOOK VALUE
At 30 June 2022
At 30 June 2021		 Sports
equipment
£
27,252
1,231
28,483
22,179
2,891
25,070
3,413
5,073		 Fixtures and
fittings
£
771
-
771
771
-
771
-
-		 Office
equipment
£
60,350
5,646
65,996
47,803
5,303
53,106
12,890
12,547		 Totals
£
88,373
6,877
95,250
70,753
8,194
78,947
16,303
17,620

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Concessionary loans
Bad debt provision
Prepayments and accrued income		 30.6.22
£
134,577
10,787
(31,219)
106,509
220,654		 30.6.21
£
143,654
8,761
(16,375)
24,965
161,005

Concessionary loans were paid to non-playing staff of Bolton Wanderers Football Club and Bolton Whites Hotel in 2019 to supplement unpaid salaries prior to the club going into administration. Employees were expected to repay their loans when salaries were fully paid. Many did so but a balance remains that is being sought. An allowance of £7,000 has been included in Bad debt provision (2021: £nil).

39

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 30 June 2022

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

GMCVO loan
Trade creditors
Concessionary loan
Taxation and social security
Accruals
Deferred income		 30.6.22
£
150,000
67,715
-
14,715
28,914
22,133
283,477		 30.6.21
£
-
43,109
56,700
11,226
26,116
21,542
158,693

A concessionary loan was offered by James Industrial in 2019 to use for a hardship fund to support non-playing staff of Bolton Wanderers Football Club and Bolton Whites Hotel. Bolton Wanderers Community Trust were asked to administer the loans. No repayment of the loan to James Industrial had been made or requested at the Balance Sheet date. During the year, James Industrial agreed to waive repayment of the loan and treat the monies as a donation. The Trustees discussed the use of the donation during their meeting in December 2021 and decided to class it as designated general funds, to be assigned to the rebrand and restructure of the Charity or at the discretion of Trustees.

Of the £21,542 income deferred at 30 June 2021, £2,673 remains deferred at 30 June 2022.

Deferred income at 30 June 2022 includes £2,270 for school SLAs due to finish in July 2022 (2021: £1,376), £923 for Wanderers Soccer School activities that were halted in March 2020 due to the outbreak of Covid-19 (2021: £2,076). Most parents used their credit for sessions during the year and some requested refunds, however, some refunds have not been made as contact has been unsuccessful. The balance also includes £1,750 paid by Bolton College students for a planned trip to USA that was postponed due to Covid-19 (2021: £2,450). £nil remained (2021: £63) of that collected from Extra Time participants for a Ways & Means performance postponed due to Covid-19. £nil is deferred for Grass Roots coaching sessions that took place in July and August 2021 (2021: £627). £nil was received in advance for the annual Charity golf day (2021: £450). £nil of sponsorship income for the purchase of kit for Bolton Wanderers Girls FC has been deferred (2021: £7,000). £16,700 was received from University of Bolton to aid the set up of the CiC Wanderers Sport in the Community and in particular a football team (2021: £7,500). The funds were transferred to University of Bolton Bolton Borough FC as the CiC’s bank account was set up. £490 (2021: £nil) relates to a receipt for which its intension is not known. If the source has not been found at 30 June 2023, the receipt will be transferred to unrestricted donations.

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

GMCVO loan 30.6.22
£
-
-		 30.6.21
£
150,000
150,000

Due to the uncertainties caused by the Covid-19 pandemic and the potential risk to cashflow, the Trustees took the decision to apply for a loan. A loan of £150,000 was granted from GMCVO. The loan was repayable at the earliest of 2 years or on achieving pre-pandemic unrestricted income values, and is therefore included in creditors falling due within one year.

After the balance sheet date, pre-pandemic unrestricted income values were exceeded and the loan was repaid in full with no penalties or interest due.

40

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 30 June 2022

BOLTON WANDERERS COMMUNITY TRUST

15. OPERATING LEASE COMMITMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years
In more than five years		 30.6.22
£
13,224
2,769
-
15,993		 30.6.21
£
13,209
15,993
-
29,202

All operating lease commitments are in relation to car hire. Leases were taken out in 2021 for 3 vehicles over 3 years.

There are currently no plans to purchase the vehicles when the leases end.

16. MOVEMENT IN FUNDS

Net movement
At 1.7.21 in funds At 30.6.22
£ £ £
Unrestricted funds
General fund 74,538 39,649 114,187
Restricted funds
Restricted fund 288,469 (63,851) 224,618
TOTAL FUNDS 363,007 (24,202) 338,805

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 Incoming
resources
£
535,863
732,379
1,268,242		 Resources
expended
Transfers
between funds
Movement in
funds
£
£
£
(490,583)
(5,631)
39,649


(801,861)
5,631
(63,851)


(1,292,444)
-
(24,202)

41

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 30 June 2022

BOLTON WANDERERS COMMUNITY TRUST

16. MOVEMENT IN FUNDS (continued)

Significant funds:

Premier League Charitable Fund once again provided restricted funding to run a range of projects including: PL Kicks that offers positive engagement during times of high levels of anti-social behaviour in disengaged areas of the community through football, sport and personal development giving a regular, trusted and positive influence to young people, PL Primary Stars which offers curriculum support for children aged 5-11 as well as continuous personal development to teachers, PL Inspires is an education programme which is aimed at young people aged 11-25 who are marginalised or at risk of not reaching their full potential, PL Kicks Targeted works with 12-18 year olds at risk of serious youth violence providing 1-2-1 mentoring as a distraction and finally, PL Changemakers to promote female empowerment and Continuous Improvement Fund which supports the Charity’s infrastructure.

Public Health England provided £249,956 (2021: £nil) to run a Tier 2 Weight Management programme for male and female Bolton Wanderers supporters. The funding also helped to run a Team Talk programme to support men’s mental health and additional Extra Time activities for people aged 55 plus.

£32,939 (2021: £nil) was received from Bolton Together for the Holiday Activities and Food programme which provides activities and a meal during school holidays for children who are eligible for free school meals.

During the year £5,040 (2021: £3,600) was transferred from unrestricted funds to PL Inspires to increase the project’s reach. £591 (2021: £nil) was transferred from unrestricted funds to PL Primary Stars, £nil was transferred from unrestricted funds to cover spend on EFLT MHCLG project which were not accepted by the funder (2021: £144).

Due to reduced activity during the Covid-19 pandemic, funders of two projects requested that unspent funds be returned. £1,764 (2021: £nil) was returned to Salford CVS for a Peer to Peer mentoring project. £2,714 (2021: £nil) was returned to European Social Fund for an Employability project. This project will recommence in 2022-23.

The Unity Alliance project shows a negative closing balance of (£6,493). Funding from CVS for year 2 was guaranteed but delayed. Year 2 funding of £62,307 was received after the balance sheet date, in August 2022. Unrestricted funds were used to support the project in the interim.

The Trustees of Bolton Wanderers in the Community would like to thank all its funders for their vital support.

Restricted funds are analysed in further detail on pages 44-45 (note 20) of the notes to the financial statements.

42

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 30 June 2022

17. COMPARATIVE TO MOVEMENT IN FUNDS

Net movement
At 1.7.20 in funds At 30.6.21
£ £ £
Unrestricted funds
General fund 33,007
41,531		 74,538
Restricted funds
Restricted fund 183,382
105,087		 288,469
TOTAL FUNDS 216,389
146,618		 363,007

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 Incoming
resources
£
451,827
561,052

1,012,879		 Resources
expended
Transfers
between funds
Movement in
funds
£
£
£
(406,552)
(3,744)
41,531
(459,709)
3,744
105,087

(866,261)
-
146,618

18. RELATED PARTY DISCLOSURES

Neil Hart, Trustee is CEO of Bolton Wanderers Football and Athletic Company who trade through the commercial entity FVWL Football Ltd. The company charged the charity £38,678 during the year (2021: £22,947) for recharges of Macron kit, shop purchases and motor insurance. The charity charged the company £91,136 during the year (£2021: £45,871) for providing staff to coach at BWFC Academy, a part time secondment of the charity’s CEO to the football club and for donations added to ticket sales of BWFC supporters.

Jennifer Smith, who resigned as Trustee during the year is Director of Safeguarding Today. Bolton Wanderers in the Community uses the services of Safeguarding Today to provide safeguarding workshops to participants and staff. A balance of £150 (2021: £150) was included in trade creditors at the balance sheet date.

William Webster, Trustee is Principal and Director of Bolton College. During the year, the college was charged £14,535 (2021: £24,385) to provide football coaching to elite teams and PL Inspires work. Bolton College were charged for similar activities before William Webster was appointed as Trustee.

David Singleton is Chairman of Bolton Lads and Girls Club. Bolton Wanderers in the Community paid the Charity £nil (2021: £747) during the year for facility hire.

£590 (2021: £250) was received in donations from key management personnel.

19. ULTIMATE CONTROLLING PARTY

The charitable company was controlled by the Board of Trustees throughout the year under review.

43

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 30 June 2022

20. RESTRICTED FUNDS

Balance at
30 June 2021
Incoming
Resources		 Outgoing
Resources		 Transfer from
unrestricted
funds		 Balance at 30
June 2022
£ £ £ £ £
AJF Commercial 1,613 960 885 - 1,688
Armed Forces Covenant 12,083 - 7,150 - 4,933
BIG Local - Aspirations 13 - - - 13
Big Lottery - Covid Response 1,236 - 1,236 - -
Big Lottery - Inside Out (Capital) 51 - 51 - -
Bolton at Home - PL Kicks 15,257 - 8,164 - 7,093
Bolton Council - PL Kicks 6,390 - 4,043 - 2,347
Bolton Together 0-19 8,568 - 8,316 - 252
Bolton Together 2-11 1,996 24,700 24,282 - 2,414
Bupa UK Foundation 492 - 477 - 15
BWFC Fund 36 - - - 36
CAF Resilliance Fund 38 - 38 - -
Chairman's Walk 0 27,112 - - 27,112
CVS Achieve Asset Fund 1,765 (1,765) - - -
CVS Ambition For Ageing 5,609 - 209 - 5,400
CVS Bolton's Fund 2,499 - 2,376 - 123
CVS Covid Response 337 - 131 - 206
CVS Covid19 VCSE Resilliance 58 - 58 - -
CVS Developing Local Communities 2,526 - - - 2,526
CVS Digital Inclusion 786 - 786 - -
CVS Hate Crime 955 - 24 - 931
CVS Health & Well Being Physical
Activity		 4,203 - - - 4,203
CVS Standing Together 366 - 88 - 278
CVS Bolton Unity Project 40,580 - 47,073 - (6,493)
Donations - Wanderers Hearts & Goals 7 - - - 7
EFL Knife Crime 651 - 144 - 507
EFLT - Capability Grant 147 - 147 - -
EFLT - Extra Time 6,300 10,000 13,560 - 2,740
EFLT Fit Fans 4,553 3,380 3,702 - 4,231
EFLT Social Mixing 1,489 - 356 - 1,133
EFLT Tackling Loneliness Together
(DCMS)		 1,092 - 1,092 - -
European Social Fund 3,179 (2,714) 110 - 355
Esure Donation 202 - 99 - 103

44

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 30 June 2022

20. RESTRICTED FUNDS (Continued)

Balance at
30 June 2021		 Balance at
30 June 2021
Incoming
Resources
Incoming
Resources		 Outgoing
Resources		 Outgoing
Resources		 Transfer from
unrestricted
funds		 Transfer from
unrestricted
funds		 Balance at 30
June 2022		 Balance at 30
June 2022
£ £ £ £ £
FA Community Shield - 1,000 - - 1,000
Football Foundation 2,500 - 1,626 - 874
Greater Sport VRU - 8,626 - - 8,626
HAF - 32,939 31,219 - 1,720
JD Foundation 2,044 15,000 17,031 - 13
National School Foundation 19,072 - 11,479 - 7,593
Panathlon - 12,336 11,939 - 397
PL Changemakers - 3,000 3,000 - -
PL Enterprise and Enterprise Challenge 685 - 289 - 396
PL Fans Fund (Football Foundation) 10,920 - 3,629 - 7,291
PL Inspires 8,071 45,000 52,173 - 898
PL Kicks 36,750 124,383 131,925 - 29,208
PL Kicks Discretionary 3,374 - 1,619 - 1,755
PL Kicks Holiday Activity Fund 1,500 - - - 1,500
PL Kicks Targeted 8,662 17,526 19,360 - 6,828
PL Primary Stars 34,404 100,000 111,826 - 22,578
PLCF - Continuous Improvement Fund 4,424 32,500 27,493 - 9,431
Prince's Trust - 12,844 7,055 - 5,789
Public Health - Extra Time - 10,450 6,615 - 3,835
Public Health - Team Talk - 12,506 10,176 - 2,330
Public Health - Weight Management - 227,000 200,958 - 26,042
Restricted Donations 1,893 335 35 - 2,193
Schools Contribution - PL Inspires 3,600 - 8,000 5,040 640
Schools Contribution - PL Primary Stars 6,735 - 6,190 591 1,136
The Greater Manchester High
Sherriff’s Police Trust		 415 - - - 415
The Together Fund - 1,808 22 - 1,786
Twinning Project - 2,453 2,078 - 375
UK Healthcare 117 3,000 2,062 - 1,055
Violence Reduction Unit 15,162 - 488 - 14,674
Warburtons - Adult Education 1,608 - 1,386 - 222
Wembley National Stadium Trust 1,456 8,000 7,591 - 1,865
288,469 732,379 801,861 5,631 224,618

45

DocuSign Envelope ID: F9547104-2CB5-4061-9585-EF5EC16D74BE

BOLTON WANDERERS COMMUNITY TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 June 2022

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Charitable activities
Sport activities
Funded sport activities
Miscellaneous income
Total incoming resources
EXPENDITURE
Charitable activities
Provision of courses, classes and services
Fundraising costs
Cost of raising funds
Governance costs
Auditors’ remuneration
Confirmation statement
Trustees’ insurance
Depreciation of tangible fixed assets
Total resources expanded
Net income		 30.6.22
£
158,182
861,031
1,019,213
55,057
98,219
95,753
249,029
1,268,242
1,269,114
5,525
7,500
13
2,098
8,194
17,805
1,292,444
(24,202)		 30.6.21
£
39,042
855,258
894,300
27,252
76,689
14,638
118,579
1,012,879
845,292
5,331
6,881
13
1,035
7,709
15,638
866,261
146,618

This page does not form part of the statutory financial statements

46