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||PAGE|
|---|---|
|SCHEDULE OF ADVISORS||
|CHAIR'S STATEMENT||
|TRUSTEES' ANNUAL REPORT AND REPORT OF THE|3-6|
|DIRECTORS||
|INDEPENDENT AUDITORS' REPORT|7-8|
|STATEMENT OF FINANCIAL ACTIVITIES||
|SUMMARY INCOME AND EXPENDITURE|10|
|ACCOUNT||
|BALANCESHEET||
|NOTES TO THE FINANCIAL STATEMENTS|12 - 17|
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|furth|er
the Trust's aims in the context|ofreduced
financial
support||from t|he|Coun|ciL|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The|Charity's
stratogies
for achieving|its objectives are:||||||||||||||||
|~|To ensure that the Council's|leisure facility management||operator||delivers||the|service in accordance||||||with all contractual|||
||documents
and any performance
targets agreed from time||to time|||||||||||||||
|~|To work jointly
with
other|public
and private
leisure
service|||operators|||in order|||to contribute|||to|the co-ordination||of|
||borough-wide
service delivery|where possible||||||||||||||||
||To co-operate
in joint working
initiatives
with individual|||organisations|||or wider|||partnerships|||which||contribute|towards||
||achieving
the Trust's facility|management
objectives||||||||||||||||
|~|To work
with
Bolton MBC|to ensure
that
opportunities||to enhance|||leisure||facilities|||through||capital
investment|||are|
||maximised|||||||||||||||||
|~|Fulfil awider strategic role within the Borough|||||||||||||||||
|~|To generate
additional
resources
through
fund raising and|||securing grant|||aid in||order||to further the|||objectives ofthe||Trust||
||To contribute
to borough-wide|partnerships
involved
in community||||leisure||and|social||development|||||||
||To manage
the resources ofthe Trust as cost effectively||as possible and||||maximise|||financial
resources|||||to be applied to||the|
||Trust's objectives|||||||||||||||||
||To achieve high standards of|integrity,
probity and efficiency of|||the|Trust's||operations||||||||||
||To ensure that there are a sufficient
number ofTrustees and that||||they have|||the|necessary|||skills to||represent
the interests|||of|
||the wider community|||||||||||||||||
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||||Unrestricted|Restricted||Total|Total|
|---|---|---|---|---|---|---|---|
|||Notes|Funds
f|Fundsf||2023
f|2021|
|Income and endowments|from|||||||
|Grants|||2,560,491|||2,560,491|2,515,389|
|Charitable
activities||||||||
|Leisure Centres|||4,985,167|||4,985,167|2,333,498|
|Investment
Income||||||||
|Tetal||15|7.4.68||-|. 4 68|4.848,847|
|EXPENDITURE ON||||||||
|Charitable
activities||||||||
|Cost ofsales||4|75,364|||75,364|44,420|
|StaH related||I|4,145,820|||4,145,820|2,695,903|
|Building related||6|1,562,771|||1,562,771|655,962|
|Services||1|164,936|||164,936|121,455|
|Administration||8|779,676|||779,676|489,396|
|Investment||9|225,603|||225,603|135,362|
|Other expenditure||10|460,051|||460,051|653,931|
||||7,414,221|||7,414,221|4,796,429|
|Governance
Costs|||75,263|||75,263|77,439|
|Total||15|7. 9.
4|||7.489,484|4. 7 .8|
|Net income/(expenditure)|68|||||||
|Net Movement
in Funds|||56,174|||56,174|(24,981)|
|Fund balances||||||||
|at I January 2022|||243,871|||243,871|268,852|
|at 31 March 2023|||300,045|||300,045|243,871|
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||||2023|2021|
|---|---|---|---|---|
||||f.||
|Gross lnrome ofcontinuing|operations||7,545,658|4,848,887|
|Total expenditure ofcontinuing
operations|||(7,489,484)|(4,873,868)|
|Net income/(expenditure)|for the financial|period|56,174|24981|
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||||||2023|||||
|---|---|---|---|---|---|---|---|---|---|
||||Notes|||||||
|Fixed Assets|||12|||||||
|Current
Assets||||||||||
|Stock||||28,104|||I 1,264|||
|Debtors and|prepaymenls||13|172,964|||611,138|||
|Cash at bank|and in|bnnd||769,796|||998,263|||
|||||970,864|||I 670665|||
|Current
Llnhllittcs||||||||||
|Credilorst
Amouats||fnging||||||||
|due wnhin
one year|||14|670,819|||1,376,794|||
|Net Current|Assets|||||300,045||243,871||
|Net Assets||||||||||
|Funds||||||||||
|Itcstricted funds|||15|||||||
|Unrestricied|funds||15|||300.045||743,871||
|||||||||rr|1 11|
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|GRANTS|2023|2021|
|---|---|---|
|||8|
|Bolton Council|2,560,491|2,065,442|
|JRS and other income||449,947|
||2,560,491|2.25l5.n|
|LEISURE CENTRES|2023|2021|
||8|8|
|Wetside|2,243,166|1,129,324|
|Dryside|312,046|136,963|
|Isospa|123,939|48,686|
|Isospa
—membership|2,162,741|957,598|
|Food and beverages|75,931|26,504|
|Admission
fees|1,158|11|
|Other mcome|68,892|41,997|
|Cash variances|(2,706)|(7,585)|
||4995 I I|2333492|
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|4.|COST OF|SALES|2023|2021|
|---|---|---|---|---|
||||8||
||Food and beverages||43,685|20,034|
||Other saleable items||31,679|24,386|
||||7 .364|44426|
|5.|STAFFRELATED||2023|2021|
|||||8|
||Salaries and wages||3,464,435|2,256,747|
||Employers|liability|500,844|354,783|
||Other staff|costs|110,681|60,145|
||Agency/SE|Staff|69,860|24,228|
||||4,145,820|2,695,903|
||BUILDING RELATED|2023|2021|
|---|---|---|---|
||Repairs and maintenance|737,653|218,755|
||Utilities|705,248|355,947|
||Cleaning|113,362|76,935|
||Other|6,508|4,325|
|||.56 .771|655.96|
|7,|SERVICES||2021|
||||8|
||Marketing|77,222|89,G67|
||Machine hire|4,837|910|
||Consumables|76,315|26,184|
||Other|6,562|4,G94|
|||164936|12,455|
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|g.|ADMINISTRATION|ADMINISTRATION|2023|2Q21|
|---|---|---|---|---|
|||||6|
||Communications||14,950|11,419|
||Bank charges||21,538|8,442|
||Other||268,504|219,511|
||Unrecoverable
VAT||474,684|238,593|
||Depreciation|||11,431|
||||779.676|9. 9|
|9.|INVESTMENT||2023|2021|
||||0|0|
||Other||225,603|135,362|
||||22
693|337.362|
|10.|OTHER EXPENDITURE||ZQ23|2021|
||||8|Q|
||Overhead
recharges||234,669|249,388|
||Insurance||51,620|69,035|
||Management
fee||173,762|84,458|
||Surplus repayable|to Bolton Council||251,050|
||||460,051|653,931|
|11.|GOVERNANCE|COSTS|2Q23|2021|
||||K|0|
||Legal and professional||71,993|74,164|
||Auditors
remuneration||3,270
3,275
77,63»,439||
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|NOTES|TO THK FINANCIAL STATEMENTS (Continued)|||
|---|---|---|---|
|FOR THK PERIOD I JANUARY 2022 TO 31MARCH 2023||||
|IE|TANGIBLE FIXEDASSETS|||
||||Plant and|
||||machinery|
||||etc|
||COST|||
||At 1 January 2022||18,152|
||Additions|||
||At 31March 2023||18,152|
||DEPRECIATION|||
||At 1 January 2022||18,152|
||Charge for the period|||
||At 31 March 2023||18,152|
||NET BOOK VALUE|||
||At 31 March 2023|||
||At 31 December 2021|||
|13.|DEBTORS|2023|2021|
|||8|8|
||Trade debtors|37,696|224,997|
||Other debtors||311,255|
||Prepayments
and accrued income|135,268|74,886|
|||I .964||
|14.|CREDITORS: AMOUNTS FALI.ING DUE WITHIN ONE YEAR|2023|2021|
|||8|8|
||Trade creditors|83,719|42,527|
||Taxation and social security|63,293|49,689|
||Accruals and deferred income|523,807|1,284,578|
|||6 9.419|1,376,794|
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|||Balance|Movement|ia funds|Balance|
|---|---|---|---|---|---|
|||01.01.22|Incoming|Resources|31.03.23|
||||Resources|Expended||
|Restricted Funds||||||
|Unrestricted|Funds|243,871|7,545,658|(7,489,484)|300,045|
|Total funds||243,871|7,545,658|(7,489,484)|300,045|
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|ANALYSIS OFNET ASSETS BETWEEN FUNDS|ANALYSIS OFNET ASSETS BETWEEN FUNDS||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||Funds|Funds|Funds|
|Fund balances|at 31March 2023||||
|are represented|by:||||
|Fixed assets:|||||
|Current assets:|||||
|Stock||28,104||28,104|
|Debtors and prepayments||172,964||172,964|
|Cash at bank||769,796||769,796|
|Current liabilitiert||670819||670,819|
|Net assets||300.04||.04|
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