COMPA]YY NUMBER= 4982682 CHARITY NUMBER: 1117186 BOLTON COMMUNITY LEISURE LIMITED a company Ilmited by guArAnt¢e FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Cran¢ & Partners Chartered Aeeountsnts BOLTO]4 COMMUNITY LEISURE LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 PAGE SCHEDULE OF ADVISORS CHAIR'S STATEMENT TRUSTEES, ANNUAL REPORT AND REPORT OF THE DIRECTORS INDEPENDENT AUDITORS, REPORT STATEMENTOF FINANCIAL ACTIVITIES SUMMARY INCOME AND EXPENDITURE ACCOUNT 10 BALANCE SHEET NOTES TO THE FINANCIAL STATEMENTS 12- 17 BOLTON COMMUNITY LEISURE LIMITED SCHEDULE OF ADVISORS Dlreclor5 1 Trustees Roben Arkinson Inmyat Omarji SoTa Sharrock John Shepley Dawd Singl¢ion Dr Margaret Talbol Reglstered Offlee Horwich Leisure Centre Vi¢ioria Road Horwi¢h Bolton BL6 SPY Seerelary John Shepley Audlio Crane & Panners Leonard House 5-7 Newman Road Bromley Kefftt BRI IRJ Soll¢ltoYs Eversheds LLP Senaior Hous¢ 85 Queen Vicloria Street London EC4V 4JL Banker¥ Naiional Wesiminsier 24 Deansgate Bolion L&n¢oshire BLI IBN BOLTON COMMUNITY LEISURE LIMITED CHAIR'S STATEMEKr FOR THE YEAR ENDED 31 MARCH 2024 202314 has seen a con$olidatiort of all the hard work ihat weni into "building bg¢k ihe business" post covid with patrona¥e continuin8 lo increase acr055 811 activities. Further improvement works have been undertaken as part of our ongoing ¢ommirmeni ¢0 hond back ih¢ facilities io the Council in a 'fit for purpose." condiiion ar ihe end of our tenure. Financially it's pleasing to see that we achieved Yan almost break-even position despiie a reduced subsidy from the Council, higher in¢om¢ rorgets, the ongoirtg rising cosi of ¢n¢rgy and oiher suppli¢s 108eiher with the cumulative impact ofre¢eni higher than expected NJC pay awards. The highlighi of the year has to be lh¢ inv¢sim¢nt ai Famwonh from lh¢ Government's Fuwre High Streds Fund whi¢h hos provided an extension io the fitness suite incorporalin8 Studio s￿¢¢, TeTfKKiellin8 of the b￿lIdIng farade to make li visually mowe appealing and addiiional p&rkirtg linking ro ihe wider iown cenirc rcgeneraiion. This invesiment has been Te¢ipTocaied with a signifi¢ani increose in patronage. Ovcrall, th¢re has been a str4)ng perforniart¢e durin8 lh¢ year wirh over s,￿0 ¢nrol¢¢s on the Learn to Swirn probyamme and Health and Fiiness memberships Approachin8 10,000 which is an increase ofnearly 2.000 on pre-covid l¢v¢ls. w¢)uld again like to thank Trustees. offi¢¢rs of ihe Trnst, Bolton Council, Sereo and all the operational stair for their dedication and commiimeni to maintainin8 Standards and conlinuing lo rebuild the leisure otTer for lh¢ Bolion family. Dwvid Singleton Chair, Bolton Community Leisure Limited 15 November 2024 BOLTON COMMUNITY LEISURE LIMITED COMPANY NUMBER: 4982682 CHARITY NUMBER: 1117186 TRUSTEES, ANNUAL REPORT AND REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2024 Bolton Communsiy Leisure Limited was incorporaied oft ihe 2 December 2003. 11 is A Chariiy, governed by a sei of Mernorandum and Articles of Association. aTKI was registered with the Charities Commission on 8 December 2006. Th¢ Principal activiry of ihe chariry was the m&nagement of Sevval I¢iSUT¢ ¢¢ntr¢5 hsed IhToughour northern England. The affairs of the Charity are mana8ed by the directors the principal place of operation is Horwich Leisure Centre, Victoria RoAd, Horwtch. Bolron, BL6 SPY. Dlreetors The following direciors have held office since l April 2023.. Roben Aikinson Inayat Omarji Sara Sharrock Joht) Shepley David Sin8ldon Dr Margarel Talbot Cllr Ililary Fairclou8h (resigned 17ih November 2023) All diTectors listed above are trustees of the charity. Trusteej, Report InforTh•tlo Opergrion of Ihe Trusi The faciliiies are operated under a m4na8emeni eonirnci. Where ii is impractical to delay decisions to ihe next full mtttin8 of Trustees de¢isions may be delegaled (o ihe Chair and Vice Chair of Trustees. R¢cruilm¢nt and Appointm¢ni of new TnJsl¢¢s New Trnstees ar¢ sought by publi¢ advenisemeni and apwnied by existlng tNstees followin8 evaluation against agreed riterii d¢$igned io fvrth¢r th¢ Trusis iims. Induction and Trainin8 of Trnsteeg All Trusi¢¢s lak¢ part in "visioning days. desigrted lo sh&r¢ ihe objc¢iives of the TNSI and shape its fvtur¢ dirwtion. N¢w Trustees in the curreni period were appointed in accordince with ih¢ Ani¢les ofA$sociaiion. The Charl￿$ d)jc¢is ar¢.. to provide or to assist in providing facilities for recrealion physical education or other leisure time occupation for the genernl benefir ofihose living and working in lhe Borough of Ek)lion and it8 neighbourhood wiihoui di$¢rimin81ion on Ihe 8round5 of sex or of political religious or other opinions to educat¢ and a5SlSt young persons and other members of the Community in the Borough of Bolton and its n¢ighbourhood ihrough their leisure lim¢ activiti¢s $0 as io d￿clOp their physi¢&l m¢nial and Spiri￿￿1 capacities and 50 that their condition of life may be irnproved and in furtherance of that object to make available to the public al the faciliii¢s io b¢ provided by ihe Chariry le¢Nr¢$ classes and iraining and coaching faciliiies (2) The Twst ¢oniinues io play an imponani role io play in overseeing the marta8¢m¢nt of Ihe leisure faciliiiw. which is ¢arri¢d out by Serco Leisure, exiending sport and recreational opportunities and improving ihe qualiry of service standards. The Trust and Sewo continue to moniior service standards. BOLTON COMMUNITY LEISURE LIMITED COMPANY NUMBER: 4982682 CHAIUTY NUMBER: 1117186 TRUSTEES. ANNUAL REPORT AND REPORT OF THE DIRECTORS (Contlnued) FOR THE YEAR ENDED 31 MARCH 2024 Aims The Trust has a desire And Tesponsibiliry to develop and maintain high quality community sport, leisure, physi¢al aciivity and educational oppomnities across Bolton and surroundin8 areas, in order io improve the quality of people's lives. The TTUSt's prhmary funetions are io coordinaie and develop opporn]nities in conjunction with other partners ihlt are in¢lusive, acc¢ssibl¢ and cost ¢ff¢¢iiv¢. Th¢ Trusi will be managed in accordance wilh Ihe hi8hes¢ siandards of cotyor&te governance and inie8riry. It will seek to improve ihe health and lifestyle of the communiry. workin8 Wlth and involving ihe community ai each OPPOrnIDIry. Maln objeetlves for the perlod The Trnsi continues to play an importani role io play in overseeing ihe manag¢m¢n¢ of ihc Icisur¢ fa¢iliii¢& which is carried out by Serco Leisure. extending 5POrt and Tecre&tionttl opportunities and improving the quality of service 5tandaTds. The Trusi 8T￿ Ser¢0 ¢ontinu¢ io moniior s¢rvi¢¢ siand8Tds. The Trusr has speni some time wilh ils partners io refine its priortiies in order io idcntify potcnti&l investment oppcthnitie5 to further the TNs('s aims in ille contexl ofreduced financial support fTom ihe Council. ie Charity's siraie8i¢s for ach1￿,1n8 ils obje¢liv¢s ore.. To ertsure ihat the Council's leisure facility management opermtor delivers the geryice in acCorda￿e with all ¢onir&¢rual do¢umenis and any performance targ¢ts a8reed from time to time To Work jointly wirh oth¢T public and private leisure service operators in order io contribute to the C￿ordinaLl0n of borou8h-wide service delivery where po55ible To ¢froperate in joint workin8 initiatives with individual orBanisations or wider partnerships which conlribuie towards achieving lh¢ TNsi's fa¢iliiy man8g¢menl objectives To work wilh Bolion MBC to ensutt ihai opporruniii¢s io ¢nhan¢¢ IcisuT¢ f8¢iliti¢s through capital investrneni ire maximised Fulfil a wider $lTaie8ic role within Ihe Borough To 8en¢rat¢ additional r¢sourc¢5 ihroush fund Taising and se¢urin8 8rani aid in order io ffijnher the objwrives of ihe Tmst To ¢oniribtJte io borou8h-wide pannerships Involved in eommuniry leisure and social development To manage ihe resour¢¢s of ¢h¢ TN$l 8$ ¢0$1 ¢ff¢¢liv¢ly as possibl¢ and maximige fin&n¢iil resources 10 be applied io the Trust's objectives To achieve high siandards of inie8rii)'. probir) and ¢ffi¢ien¢y ofthe Tru$i'$ operaiions To ensuTe thai ihere aTe a suffi¢i¢n¢ number of TNsiees and ih4t th¢y have th¢ n¢¢¢s$8ry skill$ to repTe$ent the interesis of th¢ wider communiry The Trnstee$ have established ihe following Goals, to provide a fo¢us for the Trust's Ktivities over the next three yearg. These are in line with the Trus( Migsion #nd ObJcciiv¢s and ar¢ based on 11$ und¢rstanding of communiry need and the current ¢oniext for spon and leisure provision in Bolton. IAtrng Term Goil The Bolton Comrnunity LeisuTe Tnjst will help to Achieve Increased participation in spon and active recreation amongst all parts of ihe Bolton communiry. li will use lis unique position to support other or8anisation5 Ind people involved in providing qualiry 5POrt 8nd recreation services. wher¢ ¢hig can Add tartgible value and help ro achiev¢ the goal of increased panicipaiion by otrerin8 appropriiie ¢hoi¢es for ¢ommut)iiies. This support could involve funding, acces5 to serYice$, guidance or communicaiin8 ih¢ bcn¢fiis of spon and ￿tiVe T¢CTcaiion. BOLTON COMMUNITY LEISURE LIMITED COMPAIYY NUMBER: 49¥26S2 CHARITY NUMBER: 1117186 TRUSTEESI ANNUAL REPORT AND REPORT OF THE DIRECTORS (ContlDued) FOR THE YEAR ENDED 31 MARCH 2024 Medlum and Short Terrn G￿19 In order to achieve the above lon8-temi 8oal. the Tnjsl will focus on the followin8 goals over the nexi three years: Comprehensively review managemenl iTrfonnaiion requirements and froni-of-house &t)d other sysiemslprocesses used ro ¢nabl¢ appropTia¢e daia cap￿re with regard to users. Ensure the inforn)ation is &nalysed E4nd presented in &ppwopriaie fU[￿al5 10 infom) ynd drive priorities and pro8rammes. Infortned by itnproved managemeni informitioll And other int¢lli8en¢e, undertake rargeted marketing I￿rOr specific groups and communiries and ensure ihe'trrAluci(s)" offered by the Trust are designed io med expressed need. To both maiTrt2in and incre8se phrticipaiion by the current customer base and reduce levels of non participation. Working wilh the Bolton Coun¢il, S¢r¢o L¢isur¢, heglih and oihef providers. identify ond ac¢ively iar8et ihose mosi in need to drive incTeased panicipation. Rationalise the facility st￿k ensurin8 that what remains 15 appropriate and fit for PUry105e and at the same time inv¢$ii8al¢ additimol opporninities for ¢xi4ing siics. Review cenrre programmes &nd ideniify focus and a¢livilies appropriaic io I￿4] demand and needs iaking into ccount NGB interes1 in WOTking inlwith Bolton. To have ond m&iniain Jn awareness of other providers and for8e appropriate links to enhan¢e overall Provision in th¢ BoTOU8h. FundlTh Bolion Community Leisur¢ Tru51 S¢r¢o a8r¢¢d ¥ deed of voriaiion to th¢ previous 2(K)3 ¢ontra¢t a8re¢m¢ni comm¢n¢in8 from April 2021. This deed of variation allows for Te8ular review of the Serco finances relatin8 to the Tn￿t'S Iclsure service5 on an open book basis. Any undersp¢nd l ov¢ra¢hievemcnt against the conir&¢t will be returned to ihe Tlust. with ihc Trusi subsequently reluming the surplus io the Council. INves¢meTrl funded from Shire of surplus In the period. investmcni ffijnded from Ihe shar¢ of surplus has b¢¢n incurred for a ¢oniTibution lo a ouid(M)T g￿n in Old Station Park as port of a wider refvrbishment. Restrvtj li is ¢he policy of rhe Charity to maintain unrestricted fiJ￿s, which are free reserves of the charity, It a level to meet anticipated unre5tricled expenditure. This provides Sufficient funds io Cover mana8ernent and administTation and support costs. UnT￿tricIed funds w¢rc m¥iniain¢d ai ihis level ihrou8houi Ihe period. The chariry iniends 10 mainiain ¥ minimum r¢Krv¢ of £20,(JOO. The company does not mak¢ distribution$ to m¢mb¢r$. and ther¢ is a minimal ¢XP05UT¢ to for¢i8n cx¢hmg¢ n￿tUations. Revlew of the p¢rlod A r¢vi¢w of Ihe p¢riod has been included in the Chair'$ Siaiement on page 2. Rl$k Man*gement Th¢ iTUSittS have examined the major strategic, business and operational risks which the charity fuce5 and confinn that systems have been csiablished io enable regular ￿ports io be produ¢ed $0 ihat the ne¢es$4ry Steps Can be iaken to lessen these risks. The sysiems of int¢rn&l ¢onirol ar¢ desi8n¢d io providc r¢ason8bl¢, bul noi absolu1¢. as$uron¢¢ a80insl missfaiem¢ni or loss. They include-. A slrAle8ic plan and an irthual budget approved by the director5. Regulor consideration by the directors of financial resulis, Wdriance from budga4 non.financial perforniance and benchmarking reviews. D¢l¢Baiion of authoriry and s¢8r¢gaiion of duries. Ideniificaiion 4¢Jd mana8emeni of risks. BOLTON COMMUNITY LEISURE LIMITED COMPANY INUMBER: 4982682 CHARITY NUMBER: 1117186 TRUSTEES, ANNUAL REPORT AND REPORT OF THE DIRECTORS (Contlny¢d FOR THE YEAR ENDED 31 MARCH 2024 P￿bIle Benellt Stgtement The Trustees have complied with their duty in section 17 of ihe Chariiies Act 2011 to have due regard to the guidance on publi¢ benefii publish¢d by lh¢ Charities Commission in exercising their powers and dulles. Dlre(lors' Re5ponslbllltl The dire¢¢oT$ are reswjsible fw PT¢paring the financiAI statements in accordance with applicable law and Uniied Kingdom Generally Accepted Accountin8 Practice. Company law r¢quiTes the diTeciors prepare financial statements for each finaneial period which give a iNe and fair view of the st)te of &ffairs of the company and of the profit or loss of ihe company for that period. In preparin8 those financial staiemenis, rhe dirttiors 4r¢ required 10: selecl suitable accounting policie5 and then gpply them consistently. mok¢ jud8¢m¢nis and esiimaies ihai are reasonable and pNdent: prepare the finartcial staiements on the 8oing concern basis unless 1¢ is inappropriaie io presume thai ihe Company will conlinue in bu51ness. The direciors ore responsible for keepin8 proper •c¢ourtiin8 records which disclose with reasonable accuracy at any time the financial position of the company and io enabl¢ ihun ro ¢nsur¢ that lh¢ financial stai¢m¢nt$ comply with the Companies Aci 2006. They are also responsible foi sofeguarding ihc assets of the company and hence for iakin8 reasonable steps for the pr¢v¢ntion and d¢lKtion of fraud And oih¢r irr¢8ulariries. Staternent as to Dls¢losure of ihformillL)n lo Awdltors So f&r a$ Ihe direciors are awar¢, Ih¢tt is no r¢l¢vant audit inforniliion of which lhe ¢ompanls audi¢ors Ire unaware. and dir¢¢ior has iaken all Ihe Steps that he ought to have taken a$ 8 dir¢etor in order lo make himself aware of any relevanl audil inforrnation &nd 10 est4blish ¢hai ihc company's auditors &r¢ aware of ihat infomialion. Audltors A r¢501ution to r¢llppoint Crane & Pirtners is audiiors will Ix proposed at ihe Ann￿1 G¢nernl Meeting. This report hos been prepared in &c¢ordan¢¢ wirh the sm411 ¢omwany r¢8ime, Se¢ii(m 419 {2) ofthe CornpaThies Act 2006 Tcla¢ing 10 small comp4n1￿. By order of ¢he Bo*rd John Shepley Seeret4ry IS IYov¢mb¢r 2024 IIYDEPENDEwf AUDITORS, REPORT COMPANY LYUMBER: 4982082 CHARITY NUMBER: 1117186 TO THE MEMBERS OF BOLTON COMMUNITY LEISURE LIMITED FOR THE YEAR ENDED 31 MARCH 2024 Oplnlon We hav¢ audir¢d th¢ financial stai¢m¢nts of Bolion Community Leisure Limiied (Ihe'¢h4rit&ble company'l for th¢ period ¢nd¢d 31 March 2024 which comprise the Statement of Financial Activities, The BalBnce Sheet, The Summary Income and Exp¢ndiiure A¢¢ount and notes io rh¢ financial staiemenis, including a summary of SiEnificant ac¢owi¢ing p(di¢i¢s. Th¢ financial reporting framework ihat has E¢en applied in iheir pr¢p3ralion is applicgble law gnd United Kin8dom AecouAlin8 Sthndards (United Kingdom Generally Ac¢epted A¢couffiiin8 Practic¢l. In our opinion the financial slalements.. give a iThJe and fair view of the state of th¢ ¢hari¢abl¢ company's affairs &$ at 31 M74rch 2024 and of its incoming r¢s0￿r¢¢S and applic&tion of resources, including 11$ income Ind expEnditure, for the period then ended. have b¢¢n properly pr¢par¢d in a¢¢ordanc¢ wilh Uniied Kingdom G¢n¢rally A¢¢epied A¢¢wniing Pra¢ti¢¢' and have been prepared in accordance with the requirernenls of the Companies Aci 2006. B*515 for vplnlo W¢ Condu¢￿d our audii in accordanc¢ wilh Ini¢maiion&l Siandards on Audiiing (UK) (ISAS (UK)) ond applicable law. Qur responsibililie5 under those standards are fvrther described in the Auditors responsibilities for the audit of the financial sfaiemenis se¢tion of our report. We are indepertdent of ihe ¢haTltable Company in 8ceordAnce with the eihical requirements that are relevanr to our audii of the financial sraiements in the UK, including the FRC'S EthÈ¢al Si&ndard, and Ihe provisions availabl¢ for small entities, and we have fulfilled our other eihi¢al r¢sponsibiliiie$ in a¢¢ordan¢¢ with ihese requiremenis. We believe thal the audii evidence we h&ve 0￿47￿ed 1$ 9uffi¢ient and llpFYopriale to provide a basis for our opinior). Con¢ly$lons relatlng to goln8 ¢on¢ern We have nothin8 to reporl in respect of the following mallers in Telation to whlch the ISAS (UK) r4UITe us to report to you )ere.' lh¢ In)ste¢g' U5¢ of the 80in8 ¢on¢¢rn bgsis of 8¢¢ouniin8 in the pr¢paraiion of ihe fin•Nl•l siai¢m¢nf$ is noi 4ppropri•t¢: or the in1￿C¢S have not disclosed in the fin8n¢iAI stAtements Any identified material uncertainiies that mly Cast signiftcant doubt about the charitable ¢ompanVs ability to ¢onlinu¢ io adopt ihe going concern ba515 of accounting for a period of ai leasi Nelv¢ months from the dale wh¢n itse finan¢ial staremenis are auihorised for issue. Other Infowmatlon The Iru$i¢es are responsible for ihe orher infomiiiion. The other infomiaiion comprises ihe infomiation i￿luded in ihe annual report, other than the financial statements and our Repon of ihe Independeni Audiiors Ihereon. Our opinion on the financial slatements does not cover the other Inforniation and, ex¢ept io the extent otherwise explicitly stAied in our repon, we do noi express any fomi of assurance conclusion ih¢reon. In conneciion wilh our audii of the financial $iaiemeni$, our r¢$pon$ibiliiy 15 10 read th¢ oih¢r inforniaiion and. in doing so, consider whether the other inforn)ation is materially inconsisient with the financial staiemenrs or our knowled8e obtained in the audit or o¢herwise appears io Ix materially missiated. If we idertiify su¢h material In¢onsisiert¢ies or apparent materi81 missiatements. we are required io deiemiine whether there is a material misstaiemeni in the financial 8taiements or & material misslalemenl of the other inforn]Ation. If, based on the work we have perfomied, we conclude ihal ihere is a material missiai¢meni of ihis oiher inforniotion, we are required io report that f￿1. We have no¢hing to Teport in this regord. M•tteri whl¢h we •r¢ requlred ¢0 report by exceptlon We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion.. th¢ infotmaiion given in the Report of ih¢ TTUSt¢es 1$ inconsisi¢nt in iny m#teri&l respeci with the financial Statements , or Ihe chariiable company noi kept &dequaie accouniing records; OT the financial 5tatement5 are nol in agreement wilh the accounting records and Teturns- or w¢ have noi re¢eiv¢d all lh¢ inforniaiion It￿ exp14naiions w¢ requir¢ for our audit. INDEPENDEIYT AUDITORS. REPORT COMPANY NUMBER.. 4982682 CHARITY NUMBER: 1117186 TO THE MEMBERS OF BOLTON COMMUNITY LEISURE LIMITED FOR THE YEAR ENDED 31 MARCH 2024 RespoAslbllltle5 of trustees As explained more fully in ihe Siat¢ment of TNs¢¢es Responsibilities, Ihe tru￿¢¢$ (who are also iht directors of ihe charitable company for the PUfP)ses of compony law) are responsible for the preparation of ihe financi81 statements and for bein8 saiisfied thai they give a Irue ITHI fair vi¢w, and for such Iniernal Confrol as lh¢ iru$i¢¢$ deierniine is necessary io ¢nable ihc preparwion of finan¢i81 st8iem¢nt$ thai are free from maierial misstatement, whether due to fr4ud or error. In preparin8 ihe finan¢ial siatemenis, the tNsiees are responsible for asse55in8 ihe chaTitable compan￿$ ability to cortiinue as a 80in8 concern, disclosing. as applicable, matters relaied to going ¢on¢em and using ihe going concern basis of occouniing unless ihe trnstees eiiher Intend to11guidaie the chantable company ot to ceAse operations, or have no realistic alternalive but to do so. Our responslbiliiles for the audll of the fin4nclMI Jtgtem¢nts Our objectives ar¢ io rt)iain regsortable assurance aboui wh¢ih¢r the fit)ancial siatements as a whole are free from m8terial misstaLement, whether due lo froud or error. and to issue a Repon ofthe Independent Auditors that in¢lud¢s our opinion. Reasonabl¢ a$$urance is a high level of assurnn¢e. bui is not a 8uaranie¢ thai 8n audit conducted in accordance wilh ISAS (UK) will always detect a material misstatement when it exists. Missialements can brise from fvaud OT error and are considered maieri&l if, individually or in the aggregate. Ihty could reasonably be expecied 10 Influence ihe e¢onr)mic decisions of users laken on the basi5 of these financial %t8iements. A ￿rther description of our resp)nsibilities for the audit of ihe finaneial silltemenis is located on ihe Financial Reporting Coun¢il's w¢bsit¢ ai www.fr¢.org.uklauditorsT¢sponsibilities. This descTiPtion fomis part of our Report of lh¢ Independeni Audiiors. U8e of our ￿POrt This reph)rt 1$ made solely to the chariiable company's trnstees. as a body, in accordance with Section 144 of ihe Chariii¢s Act 2011 and r¢8ulaiions made under Seclion 154 of thai A¢1. Our audit WOTk has been undeff4ken so that we might stale to ihe ¢h8ritable company's iNste¢s those matiers w¢ ar¢ required io siaie 10 ihem in an audiiors, repon and for no Nh¢r purpose. To th¢ fi)Il¢si exl¢ni pcnniii¢d by18w, we do not accept or assume responsibility lo anyone ￿her ihan the charit&ble company and the ¢haritable company'$ trustees as a b￿y, for our audii work, for Ihis report, OT for the opinions we have fomied. Crane & Partners Stamiory Auditor Leonard House 5-7 Newman Ro Bromley, Kent BRI IRJ 13 November 2024 Crane & Partner5 are eligible to act as An Audlior in iemis of section 1212 of the Companies Act 2006. BOLTON COMMUNITY LEISURE LIMITED COMPANY NUMBER: 4982682 CHARITY NUMBER: 1117186 STATEMENT OF FINAIYCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unre51rlcted Funds Restricted Fundi To¢*1 2024 Total 2023 Noles In ensuring that ihe ch3riiable company keeps ac¢ouniing rttord5 that Comply with Se¢rions 386 ond 387 ofihe Comp4niey Act 2006 and Ibl preparing financial statements which give J irue and fair view of the 5tllle of atY&irs of ihe ¢haritabl¢ ¢ompany a5 at ihe end of eoch financL81 yeaT and of its surplus 01 deficit for cach flnancial period in accord4Dce with the requirements of Sectiorts 394 #nd 395 and which otherwise comply wilh the r¢quir¢m¢nis of th¢ Comp&ni¢5 Acl 2(M16 rel8lin8 to financial statement5. 50 f¥T as applicable to ihe chariiable company. These firnneial $tstement$ hAve been audiied under the ttquiremenis of Seciion 144 of the Ch&rities A¢¢ 2011. The financial 5fateme swerea ed by The Board of Tnjsiees on 15 November 2024 and were signed on its behalf by.. DuvidSinxld¢ Ch#lr l Dlre¢lor BOLTON COMMUNITY LEISURE LIMITED COMPANY NUMBER: 4982682 CHARITY NUMBER: 1117186 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES The financial siaiemenls of the charitable company. which Is a public benefit enlity under FRS 102. have been prepared irt a¢¢ordance with ihe Choniies SORP IFRS 1021 'A¢¢ountin8 and RepoTling by Charities.. Sialernent of Reeommended Praciice applicable to chaTities Preparin8 their accounts in aceordance wilh ihe Finartcial Reportin8 Standard applicable in ihc UK artd Republic of Ireland {FRS 102) {¢ffc¢iiv¢ l January 2015)., Financial Reporting St&ndaid 102 'The Finarteial ReportAn8 Siandard applicable In The UK and Republic of Ireland, ind the Companies A¢1 2006. The financial slatementg have been prepared under ihe hisiori¢g1 Cost ¢onv¢niion. In¢fjme Income is Tecorded when receivable wheneY¢r ihe amouni is krtown, ￿hMvj$c li is re￿rded on a cash r¢ceived basis. Grants r¢¢¢ivable are crediied io ineome for the period for which they are 8iven. Gronis re¢¢ived in respeci of future periods are treated as deferyed income in ihe Balance Sheel. Expendllure Expenditure is taken into ￿c￿nI when It Is irKurr¢d. sI￿k Sictk is stated ai lh¢ low¢r of ¢ost and nct re•li50bl¢ voluc. Lt*s¢s Renial ¢osl$ und¢r op¢rgtin8 l¢ases ar¢ ch8rg¢d io Ihe income and CXF*nditure a¢couni in equal ann￿1 instslments over ihe period of the lease. The compony partl¢iP8tes in ihe Greater ManchesiLY Superannuaiion Fund, a defined contribution scheme. The &mounis paid and due are shown In noie 17. T*Trglbl¢ Flxed Asiet$ Depreeiaiion is provided ai the following rate in order io write off ¢ach wet over 118 uyeful e¢onomi¢ life.. Plani and MA¢hinery- 3 Years Straighi Line GRANTS 2024 2023 Bolion Council 1.697,788 2,560,491 1,697,788 2.560,491 LEISURE CENTRES 2024 2023 Wciside Dryside lsospa Isospa - m¢m￿r$hiP Food and beveraBes Admission fees OtheT income Cash varion¢e5 1,954,057 227,428 115,751 2.093,594 76.879 2,243.166 312.046 123.939 2,162,741 75,931 1,158 68,892 {2.706) 77.598 15,404 4,560,711 4.985.167 12 BOLTON COMMUNITY LEISURE LIMITED COMPANY NUMBER: 4982682 CHARITY NUMBER: 1117186 NOTES TO THE FINANCIAL STATEMENTS (Conilnued) FOR THE YEAR ENDED 31 MARCH 2024 COST OF SALES 2024 2023 Food and b¢v¢ra8¢S Other 8aleable items 56,997 46,599 43.685 31.679 103.596 75.364 STAFF RELATED 2fy24 21123 Salaries and wa%s Employers liability Oiher staff costs A8encylSE Staff 3.101.943 4211,010 100,512 80.444 3.464.435 5UO,844 110,681 69.860 4 145 820 Durin8 Ihe p¢riod th¢ averaBe number of ¢mploye¢$ was 181 {2023.' 172). No employees had emoluments above £60.000. The trustees did noi receive any remuneration durin8 Ihe period. Moderate travelling expen$e$ are paid where Jppr(wriate and when accompanied by appTopriale Supporting do¢um¢nt4tion. BUILDING RELATED 2•24 2023 Repairs and maintenanc¢ 349,538 589,130 89.997 30,520 737,653 705,248 113.362 6.508 Cleonirtg her 1,059,185 1,562,771 SERVICES 1•24 2023 MArkwin8 Machine hire Consumables Other 61.903 2,210 72,309 5,512 77,222 4.837 76,315 6.562 141,934 164,936 13 BOLTON COMMUNITY LEISURE LIMITED COMPANY NUMBER: 4982082 CHARITY NUMBER: 1117186 NOTES TO THE FINANCIAL STATEMENTS Icontlnwed) FOR THE YEAR ENDED 31 MARCH 2024 ADMINISTRATION 2024 2023 CommunicAtions Bank charge5 Other UnTecovernble VAT 4.857 19,792 243,692 376,606 14.950 21,538 268,504 474,684 644,947 779,676 IIYVESTMENT 2024 2023 O¢her 225,603 225,603 OTHER EXPENDITURE 2024 2023 Overhead recharges Insur8n¢e Mana8ement fee 39).103 45,096 17J.861 234.669 51,620 173.762 618,060 460,051 GOVERNANCE COSTS 2024 2023 LeBal ond professional Audiiors rem¥ner81ion 96,041 3.400 71,993 3.270 99,441 75,263 14 BOLTON COMMUNITY LEISURE LIMITED COMPANY NUMBER: 4982082 CHARITY NUMBER: 1117186 NOTES TO THE FINANCIAL STATEMENTS IcontlTrued> FOR THE YEAR ENDED 31 MARCH 2024 12. TANGIBLE FIXED ASSETS Plant ￿nd machlnery et COST Ai l April 2023 18.152 Addiiions Al 31 March 2024 18,152 DEPRECIATION At l April 2023 18.152 Charge for th¢ peri At 31 March 2024 18,152 NET BOOK VALUE Ar 31 March 2024 At 31 D¢¢¢mb¢r 2021 13. DEBTORS 1024 2023 Trade debtors Prepaymcnis and aCeN￿ income 49,484 61.748 37,696 135,268 111232 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trnde crediiors Taxaiion and S￿la1 s¢￿Tiry Acen￿lS and deferred income 41,093 70,529 682.091 83,719 63,293 523,807 793,713 670.819 ij BOLTON COMMUNITY LEISURE LIMITED COMPANY NUMBER: 4982082 CHARITY NUMBER: 1117186 NOTES TO THE FINANCIAL STATEMENTS (Conllnued) FOR THE YEAR ENDED 31 MARCH 2(124 FUNDS Resiricied ￿ndS hold amount$ received for specific activiiies expendilure on ihose a¢riviii¢s is sei a8ainst iho amounts. Unrestricted funds COmPTise income reeeivcd for general us¢ of th¢ Charity. Balan¢¢ 01,04.23 Movement In funds Incomlng Rtsour¢e$ Ruovrcei Expended B•larA¢e 31.113.24 Reslrl¢ted Fundi Unrutrl¢ted Fund$ 3CK>,045 6,258.499 (6,378,072) 180,472 Tol•l fund¥ 3￿,045 6.258.499 6,378,072 180472 The balance on thcse fvnds is r¢presen¢ed by the a55ets and liabilitie5 of the Charity and an anBlysis of ihe$¢ 4ss¢is and liabililies bcNe¢n r¢s¢ri¢t¢d and unr¢siri¢r¢d fijnds 1$ shown in noi¢ 16. 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unre$trltt¢d Funds Reilrleted Fund$ Tol•l Fulldi Fund b¥lAnce5 at 31 Mirch 2024 are represented by: FixedaJJefJ.' Currenl a$5ei$.' St¢xk Debiors and prepaym¢nl$ Cash ai bank 29.963 11,232 832,990 29,963 111,232 832,990 cli￿rf liobililies.. 793 713 793,713 Net *s$et% 180,472 180.472 17. PENSION COSTS The company contribute at a rale of 18.70kn of gross salaries to the Greater Manchester SuperBnnu8tion Fund. Payments to Ihe fvnd I￿alled £198.976 (2023.. £196,132) and £nil was outstanding ai ihe period end (2023.. £nil). 16 BOLTO￿, COMMUNI ITV LEISURE LIMITED COMPANY NUMBER: 4982682 CHARITY IYUMBER: 1117186 NOTES TO THE FINANCIAL STATEMEIN'TS (Contlnwed) FOR THE YEAR EJYDED JI MARCH 2024 i& COMPANY STATUS The company is limited by guarantee and Ihus has no share capital. Each of the members has undenaken io coniribuie Ihe sum of £10 in the event ofihe company being unable io meei Its Iiabiliiies. AS at 31 MaT¢h 2024 ihere 6 members. 17