Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
**REGISTERED COMPANY NUMBER: 06944425 (England and Wales) REGISTERED CHARITY NUMBER: 1134451**
## **REPORT OF THE TRUSTEES AND**
**CONSOLIDATED AUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2024**
## **FOR**
**WIGAN BOYS & GIRLS CLUB**
Fairhurst Audit Services Ltd Statutory Auditor Chartered Accountants Douglas Bank House Wigan Lane Wigan Lancashire WN1 2TB
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
**WIGAN BOYS & GIRLS CLUB**
## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|11|
|**Report of the Independent Auditors**|12|to|15|
|**Consolidated Statement of Financial Activities**||16||
|**Consolidated and Charity Statement of Financial Position**||17||
|**Consolidated Statement of Cash Flows**||18||
|**Notes to the Consolidated Statement of Cash Flows**||19||
|**Notes to the Consolidated Financial Statements**|20|to|35|
|**Detailed Statement of Financial Activities**|36|to|37|
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
**WIGAN BOYS & GIRLS CLUB**
## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2024**
The trustees of the charity, who are also directors of the Company for the purposes of the Companies Act 2006, present their annual report and consolidated financial statements of Wigan Boys and Girls Club for the year ended 31 March 2024. The trustees confirm that the annual report and financial statements of the Company and its subsidiary comply with the current statutory requirements, the requirements of the Company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 06944425 (England and Wales)
**Registered Charity number** 1134451
## **Registered office**
Wigan Youth Zone Parsons Walk Wigan Lancashire WN1 1RU
## **Trustees**
G Speakman - Chairman N T Finch – Deputy Chairman G S Diggles L M McAllister J Salt P G Farrington C Beck J P Chadwick (resigned 02/12/2024) C Havers L Flynn (appointed 30/03/24) C Sweeney (resigned 01/06/2023)
## **Auditors**
Fairhurst Audit Services Ltd Statutory Auditor Chartered Accountants Douglas Bank House Wigan Lane Wigan, Lancashire WN1 2TB
## **Bankers**
Barclays Bank PLC Wigan Branch Market Place Wigan, Lancashire WN1 1QS
## **Senior Management Team**
Anthony Ashworth-Steen - CEO Lisa Potter – Head of People Sikander Ali – Head of Operations Nicola Varley – Head of Youth Work Lynsey Heyes - Head of Fundraising
Page 1
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
**WIGAN BOYS & GIRLS CLUB**
## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2024**
## **OBJECTIVES AND ACTIVITIES**
## **Our Vision**
Inspire and empower the next generation to reach their full potential.
## **Our Values**
Community Aspiration Belonging Respect Inclusivity Teamwork
## **Objectives**
The trustees have referred to the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and are confident that the charity meets the public benefit requirements. Wigan Boys and Girls Club (Wigan Youth Zone), the largest of its kind in the UK, is one of the leading providers of youth services in the Wigan Borough. The provision of high-quality services for young people (aged 8-19, up to 25 with additional needs) responds to a clear, ongoing demand from young people, parents and wider communities for positive places for young people to engage with. Although providing a service to all young people, Wigan Youth Zone will encourage attendance and participation by young members of disadvantaged communities who will be able to enjoy affordable access to all the opportunities that the charity provides. Membership of Wigan Youth Zone is proved to have a positive impact on a range of measures including (but not limited to); improved confidence, reduced isolation, improved health, improving life skills and chances and increased aspirations to play a positive role in society.
## **Aims**
Provide quality youth provision in a safe environment in which young people can take part in a wide range of sports, arts and music activities in which they can develop their personal and social skills and qualities needed for learning, work and the transition to adulthood.
Raise young people's aspirations, build their confidence and resilience and provide them with information that will assist them in making the right lifestyle choices - particularly in relation to substance misuse and involvement in crime and anti-social behaviour.
Improve young people's physical and emotional health and wellbeing.
Make a significant impact on our local community through improved community cohesion. Provide a real 'community' asset which promotes and facilitates close partnership working.
Give every young person a chance to succeed by providing employment, apprenticeships, education and training skills and opportunities for all abilities.
We regularly review our work to ensure we are meeting our aims.
Page 2
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
**WIGAN BOYS & GIRLS CLUB**
## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2024**
## **STRATEGIC REPORT**
## **A message from the Trustee Board**
2023 was a very special year for the charity, with the celebration of the 10th birthday of the Youth Zone opening its doors to young people for the very first time in June 2013. Since then, around 35,500 young people have accessed our provision a total of 800,000 times, demonstrating a sustained and tangible demand for our charity’s services from young people and the wider community.
One of the reasons for the continued utilisation of our services is the significant positive outcomes we have achieved for thousands of young people over the past decade, which is the reason we were awarded three significant accolades in 2023:
- A Wigan Council ‘Believe Star’ on Believe Square, the highest accolade awarded by the Borough we serve.
- The King’s Award for Voluntary Service, the equivalent of an MBE and the highest honour a charity can receive.
- • Children and Young People’s Charity of the Year at the prestigious Children and Young People Now Awards, one of the most prestigious youth work awards in the country.
Whilst feedback from young people will always be the most important we can receive, it was a testament to the invaluable work of the charity to have received such high-level recognition.
At the outset of the 2023/24 financial year and against the context of our 3-year plan, the strategic focus was in three main areas: _**service delivery, organisational sustainability and organisational development**_ .
I am pleased to report that we achieved, or outperformed, the majority of our targets in each of these three areas, summarised as follows but detailed elsewhere in this report:
## _**Service Delivery**_
We achieved many of our targets as we engaged with more than 5,000 members, regularly celebrated the achievements of our members, ran four large-scale community focussed events, strengthened our existing partnerships, sustained our inclusion and employability services and grew our outreach provision. The number of weekly visits was short of expectation (1051 vs 1200), mainly due to significant staffing gaps at points during the year, and we were also unable to source continuation funding for our mentoring programme meaning this, unfortunately, ceased.
The most exciting development for our service was our expansion of youth work provision in Leigh, in partnership with, the newly established, Leigh Youth Hub. Thanks to funding from new partners in Leigh, we have been able to add to, and grow, existing provision enabling the partnership to deliver more sessions to more young people.
## _**Organisational Sustainability**_
The charitable sector continues to face the relentless competing demands of increased demand for services, and the associated increasing costs, twinned with a competitive fundraising climate. This reality will be no surprise to anyone reading this report who is involved with a charity, but this context is helpful to understand the pressures that Wigan Youth Zone have continued to experience over the past year whilst aiming to maintain services at an annual cost of £2m.
Given this context, we are very pleased to report that due to stronger income generation, we outperformed our original budgeted combined deficit (Charity and Trading Co.), reducing our annual deficit to £240k against a budgeted deficit of £538k.
Clearly this is still a deficit, but it is a massive step in the direction that we have been working so hard towards. The Trustees are optimistic about the income generation strategy in place at the Youth Zone and therefore have approved a budget showing a slightly better than break even position, both in 2024/25 and subsequent years. If realised, the total surplus of £60k over three years would contrast positively with the c£100k deficit that was originally envisaged (for 24/25 and 25/26) in our business plan.
Page 3
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
**WIGAN BOYS & GIRLS CLUB**
## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2024**
## **STRATEGIC REPORT – continued**
## _**Organisational Development**_
Over and above the direct work with young people and our underpinning finances, there has also been significant investment on our organisational development over the past year. We invested in our IT infrastructure and continued our journey towards Cyber Essential accreditation, we conducted a small-scale restructure to reduce the staffing costs of the Youth Zone (note, no employees were made redundant), we enhanced our reporting dashboards, we achieved a Silver Accreditation in Wigan Council’s Deal for Business, we significantly reduced our use of paper, and we launched a new online booking system.
## _**Outlook**_
The Trustees are delighted to have signed-off, and launched, our new ‘Power of Youth Work’ strategy, which provides a clear direction for the Youth Zone across the three years 2024-2027.
Our three overarching aims are as follows:
- **Empowering Tomorrow**
- _For thousands of young people to continue to enjoy and benefit from Wigan Youth Zone's offer._
- **Elevating Engagement**
- _Promote the power of first-class youth work to all current and future stakeholders._
- **Securing Sustainability**
- _To unlock new funding streams to sustain and grow critical services._
As in previous years, each of these strategic priorities is accompanied by a range of success measures, which the Board will monitor thoroughly, throughout the year, to ensure that we are working towards the accomplishment of each. This is an ambitious, but achievable strategy.
I am really looking forward to working with the Operational and Trustee team to make this a reality so that we can continue to offer our life-changing services to the young people of our borough, as we enter our twelfth year of inspiring and empowering the next generation to reach their full potential.
None of this would be achievable without our wonderful staff and volunteer team, who go above and beyond to provide life-changing services for thousands of young people, not to mention all our supporters who donate money, time and services to sustain the charity.
On behalf of everyone at Wigan Youth Zone, I would like to thank you all.
Gary Speakman, Chair
Page 4
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB**
## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2024**
## **STRATEGIC REPORT – continued**
## **Strategic achievements and future developments**
In the 2023/24 business plan, we had the following organisational targets (performance against these in bold):
1. Sustain 5000 members and average at least 1200 visits each week, capturing impact through bi-annual social impact reports – **partially achieved (5300 members and average engagement of 1051 visits each week)**
2. Celebrate achievements of our members through awards and by sharing their success stories (one a month) – **achieved** .
3. Run four large-scale community events designed to both increase membership and community awareness – **achieved** .
4. Review delivery-focussed partnerships to expand the membership and/or enhance the programme – **achieved** .
5. Expand the inclusion, employability and outreach departments, as well as extend the mentoring programme, by securing external funding – **partly achieved (inclusion sustained; employability sustained; outreached enhanced; mentoring not sustained).**
6. Conduct an organisational restructure designed to reduce the cost base of the charity, whilst having a limited impact on services – **achieved** .
7. To raise £100k from new Major Donors in 2023/24 – **achieved** .
8. To raise £100k from corporate and community fundraising in 2023/24 – **not achieved (£86k)** .
9. To raise £250k (net) from the grants and trusts programme in 2023/24 – **achieved** .
10. To raise £50k from WYZ events in 2023/24 – **not achieved (£4k)** . [Note – this is explained in the Financial Review section.]
11. To retain core Wigan Council support at £425k – **achieved** .
12. To develop a new five-year strategy for 2023/4-2028/9 – **achieved** .
13. To complete the IT improvements and achieve Cyber Essentials – **partly achieved (IT improvements completed; working towards Cyber Essentials)** .
14. To complete the employee journey review, with a view to having all changes operational by September 2023 – this includes the development of a system to ensure that all HR actions are completed, as proposed, the creation and roll-out of dashboards and to achieve our Good Employment Charter Member status – **partly achieved (system development is in progress; dashboards are in place; switched focus from Good Employment Charter to Wigan Council’s Deal for Business – Silver Accreditation awarded).**
15. To go paperless and cashless by July 2023 and to launch an online booking system by January 2024 – **achieved** .
Our organisational targets for 2024/25 are as follows:
1. To deliver a seven-day provision for young people, of which 80% is universally accessible (within the age-range)
2. Sustain 5,000 members annually and to have an average weekly attendance of 1,200 visits to WYZ services.
3. To increase the number of young people engaging with WYZ services at least 10 times in any 90-day period over the course of a year from c500 to 700.
4. To continue the growth of members with Special Educational Needs and Disabilities (SEND) to meet our target of 15% (currently at 14%).
5. For 80% of young people to show an improvement in wellbeing, as a result of WYZ universal services.
6. To create a new delivery strategy designed to maximise the WYZ footprint with the resources available, through performance analysis and excellent partnerships.
7. To tell the impactful stories of WYZ members, in the most powerful way possible – capturing the impact of the charity and social value we return for the borough, biannually (from June 2024)
8. Develop an ambitious communications plan to roll out key messages to a variety of stakeholders.
9. To secure external funding to support our five priority areas (mental health support, health and wellbeing, employability/life skills, tackling inequality and environmental sustainability).
10. To raise £100k from new Major Donors.
11. To raise £75k through Corporate Partnerships.
12. To raise £100k from Community Fundraising.
13. To raise £775k from the Grants and Trusts programme.
14. To raise £50k from WYZ events.
15. To recruit three new members of the fundraising team by June 2024.
Page 5
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB**
## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2024**
## **STRATEGIC REPORT – continued**
## **Strategic achievements and future developments – continued**
16. To create a task and finish group from the Board to research potential new income streams and for the group to present options to Board by September 2024.
17. To launch the new WYZ strategy by June 2024.
18. To achieve Cyber Essentials by July 2024.
19. To rollout a new training and development platform by July 2024.
20. To enhance HR dashboards for Board by September 2024.
21. To reduce staff turnover from c50% to c45% by March 2025.
22. Total number of volunteering hours in the next twelve months to reach a minimum of 8,000.
23. To achieve gold accreditation in the Deal for Business and to scope out Good Employment Charter or Investors in People cost/benefit by March 2025.
24. To conduct a full financial audit of systems and processes, with a complete implementation roadmap, by September 2024.
25. To create a capital expenditure 5-year strategy by December 2024.
26. To have improved the quality assurance processes and systems by October 2024.
Page 6
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
**WIGAN BOYS & GIRLS CLUB REPORT OF THE TRUSTEES for the Year Ended 31 March 2023**
## **STRATEGIC REPORT – continued**
## **Financial review**
The Charity and trading subsidiary have adopted a strong budgeting framework and performance against it is monitored monthly by the Finance Committee (comprising of four members of the operational team and three trustees) and the wider Youth Zone board. All departments are allocated a budget for the year and there are different mechanisms in place to ensure that these cannot be exceeded without prior approval.
The table (left) provides an overview of the main income and expenditure streams and the performance to budget over the course of the year. The main analysis of these figures are as follows:
## Charity Income
## ~~———_-~~
**Patronage Income** – overall, it was a very positive year in relation to patronage income, with a high retention rate of existing supporters twinned with the establishment of new partnerships throughout the year.
**Community Supporters** – this area was not as successful as hoped, albeit £75k is still an excellent return especially as we did not have a fundraiser in the relevant post for about a quarter of the year.
**Grants and Trusts** – continues to be an excellent source of support with 40% of all income derived from this source – up from 14% in 19/20.
Resource was increased in this area by 0.4 FTE in 23/24 and we will increase this by a further 0.6 FTE in 24/25.
**Events** – the annual ball did not go ahead, which led to the significantly negative variance of -£75k. This was partially offset by a £35k saving on costs that were not spent – reducing the net impact of not running the event to -£40k.
**Room Hire** – this was a new income line to reflect the opportunity for the charity to commercially hire facilities. The overperformance is, in part, due to moving previous income from other income lines, where it previously sat.
**Bank Interest** – this was considerably higher than budgeted, due to the sharp increase in interest rates.
## Charity Expenditure
The large underspend on salaries was due to there being gaps throughout the year, and the large deficit in depreciation was due to many assets fully depreciating on our 10[th] birthday – the deficit in fundraising costs was explained above. There was also a positive movement on the charity’s investments of c£28k. On the flip side, the large increase in delivery costs were the result of new projects starting, which were funded by Grants and Trusts – such as Youth Music.
## Summary
The charity has run a large deficit over the past few years – a planned decision by Trustees to ensure that the services for young people were not reduced while the charity moved towards a more sustainable position. In 22/23 the deficit was -c£593k and the planned deficit in 23/24 was -c£556k – therefore, achieving a deficit of -c£261k is good progress. Additionally, a £21k surplus in the Trading account was positive; the charity will benefit from this in due course.
The Group (Charity and Trading) has £2.252m cash, in the bank or in investments, and has few trade debtors or creditors.
Page 7
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB REPORT OF THE TRUSTEES for the Year Ended 31 March 2023**
## **STRATEGIC REPORT – continued**
## **Principal funding sources**
Annually, patrons of Wigan Youth Zone (both individuals and businesses) support the ongoing running of the Youth Zone costs by providing unrestricted funds at all levels on a voluntary basis. This Patronage programme, along with an annual fundraising events calendar and community engagement campaign, is a valuable source of unrestricted income.
The charity currently receives core annual funding from the Local Authority, which provides a significant contribution to the charity’s unrestricted income – the Youth Zone is very grateful for the ongoing partnership. In January 2024, Wigan Council committed to a new three-year funding agreement of £425k p/a – with an option to extend the agreement by a further year.
The grants and trusts strategy continues to be effective, with excellent performance in the past financial year.
The charity is registered with the Fundraising Regulator and all staff are monitored through supervision to ensure that they are acting in a manner befitting a reputable charity. We have received no complaints about our conduct or fundraising efforts over the past year.
## **Investment policy and objectives**
There are no restrictions on the Charity's power to invest. The investment strategy is set by the Trustees and takes account of the objectives of the Charity. Certain funds introduced by the Trustees/founder patrons are designated as restricted, as they have been applied to capital projects, including the costs of building and fitting out Wigan Youth Zone and The Venue.
Wigan Youth Zone made an investment of £250k into the TM New Court Fund, managed by Thesis Unit Trust Management Limited, in 2021. The fund is med-low risk, and the investment is liquid. The current valuation (to 31/03/24) is £281,503.03.
## **Reserves policy**
The Board of Trustees has established a reserves policy, in compliance with the Charity Commission guidelines, which it reviews annually – both the sum it wishes to hold in reserves in the unrestricted budget and the basis for that figure. In reviewing the potential costs that could arise should a significant reduction in income occur, the Trustees have determined that ‘free’ (unrestricted) reserves should be maintained at a minimum of 6 months budgeted unrestricted expenditure, which in 2023/24 amounted to £0.81m (£0.99m in 2022/23).
As of 31 March 2024, free reserves for the Group stood at £1.911m which is approximately 14 months of unrestricted expenditure cover based on the 2024/5 budget.
Page 8
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB REPORT OF THE TRUSTEES for the Year Ended 31 March 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The company is registered as a charitable company limited by guarantee and is governed by a Memorandum of Association dated 25 June 2009.
## **Recruitment and appointment of new trustees**
The process for appointing a new Trustee onto the Board is as follows:
1. Board of Trustees to approve if an appointment is to be made when a vacancy occurs or if a new position is being proposed.
2. Trustees asked to provide recommendations of suitable candidates.
3. Advertise positions to supporter network.
4. Interview process with CEO, Chair and at least one other panel member.
5. Appointment made (if suitable, if not back to stages 2&3 – perhaps advertising roles even more widely).
6. Full induction process completed.
All Trustees give their time voluntarily and receive no benefits from the charity.
## **Induction and training of new trustees**
New Trustees are inducted according to a defined policy and are invited and encouraged to attend a series of short meetings to familiarise themselves with the charity and the context within which it operates. These will be jointly led by the Chair, CEO and other Trustee and Operational Team members of the charity and cover: the obligations of Trustees; the main documents which set out the operational framework for the charity including the Memorandum and Articles; resourcing and the current financial position as set out in the latest published accounts and future plans and objectives. All new Trustees are DBS checked, receive safeguarding training and any other relevant training related to their trusteeship.
## **Organisational structure**
The Trustees are entitled to hold office on a three-year rolling basis, in line with good governance, unless their office is terminated in accordance with the Articles of Association. Future Trustees must be appointed by resolution of the Trustees. In accordance with the Articles of Association the Trustees can hold meetings at any time – at present, Board meetings are bi-monthly.
The Trustees have appointed a suitably qualified senior management team to manage the operational activities of the charity.
The CEO is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The Head of Operations and Head of Youth Work have responsibility for the day-to-day operational management of the charity, individual supervision of the staff team and also ensuring that the team continue to develop their skills and working practices in line with good practice. The Head of People ensures that all policies and procedures are in place and relevant. The Head of Fundraising is responsible for the income generation of the charity.
The remuneration policy for the staff is agreed by the Remuneration and Benefits Committee which meets annually. The committee has agreed that it is the aspiration, depending on affordability, for all staff wages to follow Consumer Price Index meaning that all increases will be in line with this % (using February’s figure) as standard. Over and above this, wage increases will also be considered for team members that have fallen out of benchmark or have performed exceptionally well.
Page 9
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
**WIGAN BOYS & GIRLS CLUB REPORT OF THE TRUSTEES for the Year Ended 31 March 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT – continued**
## **Risk management**
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have completed a risk register which lists the major risks the charity is exposed and the systems in place to mitigate these risks. The register is split into five areas (Financial, Strategic, Operational, Governance/Reputational, Facilities) and each risk is scored (out of five – 1 low, 5 very high) for likelihood and impact - these scores are multiplied together to give the Gross Risk. After the mitigations, the scores are updated and multiple together to give the Residual Risk. The scores are RAG rated 1-5 (low = green), 5-9 (medium = amber), 10+ (high = red).
The following overview shows the average Gross and Residual Risk figures for each of the five areas:
## **Volunteers**
Our volunteer programme continued the momentum from the previous year - this includes our young leader’s programme whereby older members support our Junior sessions. In addition to these volunteers, we continued to have several people offering 1-2-1 mentoring with young people, and we benefitted from the time and expertise of our Trustees who volunteer a considerable amount of their time to support the organisation.
In total we benefited from 10,080 volunteer hours over the year.
Wigan Youth Zone received the King’s Award for Voluntary Service in 2023, the highest accolade achievable by a charity, in recognition of the significant impact the volunteering programme has on the charity and wider community.
## **Relationship to OnSide**
Since the establishment of Wigan Youth Zone is part of the OnSide Network – a federated network with Youth Zones around the country. The benefit of this relationship has been significant with a range of benefits including (but not limited to), database infrastructure, expertise consultation, shared services, joint fundraising initiatives, professional development programmes and collaborative fora.
This relationship is underpinned by a signed Network Agreement which specifies expectations on both parties and Wigan Youth Zone is compliant with its obligations under this.
Page 10
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB**
## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2024**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Wigan Boys & Girls Club 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 group financial statements for each financial year which give a true and fair view of the state of affairs of the charitable group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable group will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable group 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 group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable group's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by: 23 December 2024 | 12:00 GMT
........................................................................
G Speakman - Trustee
Page 11
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WIGAN BOYS & GIRLS CLUB**
## **Opinion**
We have audited the financial statements of Wigan Boys & Girls Club (the 'charitable company') and its subsidiary (“the group”) for the year ended 31 March 2024 which comprise the Consolidated Statement of Financial Activities, the Consolidated and Charity Statement of Financial Position, the Consolidated Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
- In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 relating 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 Report of the Independent Auditors 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 form 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 this gives rise to a material misstatement in the financial statements themselves. 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.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 12
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WIGAN BOYS & GIRLS CLUB**
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 the trustees 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 charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Page 13
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WIGAN BOYS & GIRLS CLUB**
## **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 a Report of the Independent Auditors 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 reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- we identified the laws and regulations applicable to the group and company through discussions with directors and other management, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on it's operations. Key laws and regulations that we identified included the UK Companies Act, tax legislation, employment legislation and Health and Safety regulations.
- we enquired of the directors and reviewed correspondence with HMRC for evidence of non-compliance with laws and regulations. We also reviewed controls the directors have in place to ensure compliance.
We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias.
- we reviewed financial statements disclosures and tested to supporting documentation to assess compliance with relevant laws and regulations discussed above;
- we enquired of the directors about actual and potential litigation and claims.
Due to 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, 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 fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.
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.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 14
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF**
## **WIGAN BOYS & GIRLS CLUB**
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' 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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
John B S Fairhurst BA(Hons) FCA (Senior Statutory Auditor) for and on behalf of Fairhurst Audit Services Ltd Statutory Auditor Chartered Accountants Douglas Bank House Wigan Lane Wigan Lancashire WN1 2TB 23 December 2024 | 12:01 GMT
Date: .............................................
Page 15
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB**
## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2024**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
5
Youth projects and activities
Other trading activities
3
Investment income
4
Other income
6
**Total**
**EXPENDITURE ON**
Raising funds
7
**Charitable activities**
8
Youth projects and activities
**Total**
**NET INCOME/(EXPENDITURE)**
**Tax on activities**
**Transfers between funds**
19
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
780,249
143,202
165,250
12,285
66,063
1,167,049
60,682
1,420,851
1,481,533
(314,484)
(1,772)
107,710
(208,546)
2,119,743
1,911,197|Restricted
funds
£
593,551
-
-
-
-
593,551
2,009
515,414
517,423
76,128
-
(107,710)
(31,582)
6,962,141
6,930,559|2024
Total
funds
£
1,373,800
143,202
165,250
12,285
66,063
1,760,600
62,691
1,936,265
1,998,956
(238,356)
(1,772)
-
(240,128)
9,081,884
8,841,756|2023
Total
funds
£
1,130,466
134,047
216,816
1,819
39,741
1,522,889
103,587
2,010,978
2,114,565
(591,676)
-
-
(591,676)
9,673,560
9,081,884|
|---|---|---|---|---|
The notes form part of these financial statements
Page 16
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB**
## **CONSOLIDATED AND CHARITY STATEMENT OF FINANCIAL POSITION 31 March 2024**
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2024|2023|2024|2023|
||Notes|£|£|£|£|
|**FIXED ASSETS**||||||
|Tangible assets|14|6,811,442|6,945,644|5,094,437|5,199,384|
|Investments|15|281,503|248,259|2,281,505|2,248,261|
|||7,092,945|7,193,903|7,375,942|7,447,645|
|**CURRENT ASSETS**||||||
|Debtors|16|210,142|166,487|274,819|230,158|
|Cash at bank and in hand||1,970,635|1,961,206|1,854,202|1,873,827|
|||2,180,777|2,127,693|2,129,021|2,103,985|
|**CREDITORS**||||||
|Amounts falling due within one year|17|(431,966)|(239,712)|(411,060)|(196,619)|
|**NET CURRENT ASSETS**||1,748,811|1,887,981|1,717,961|1,907,366|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**|**TOTAL ASSETS LESS CURRENT LIABILITIES**|8,841,756|9,081,884|9,093,903|9,355,011|
|**NET ASSETS**||8,841,756|9,081,884|9,093,903|9,355,011|
|**FUNDS**|19|||||
|Unrestricted funds|Unrestricted funds|1,911,197|2,119,743|2,335,039|2,681,169|
|Restricted funds||6,930,559|6,962,141|6,758,864|6,673,842|
|**TOTAL FUNDS**||8,841,756|9,081,884|9,093,903|9,355,011|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 23 December 2024 | 12:00 GMT
............................................. G Speakman - Trustee
The notes form part of these financial statements
Page 17
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB**
|**CONSOLIDATED** **STATEMENT OF CASH FLOWS**
**for the Year Ended 31 March 2024**
2024
Notes
£
**Cash flows from operating activities**
Cash generated from operations
1
8,423
Net cash used in operating activities
8,423
**Cash flows from investing activities**
Purchase of tangible fixed assets
(11,279)
Interest received
12,285
Net cash provided by/(used in) investing activities
1,006
**Change in cash and cash equivalents in**
**the reporting period**
9,429
**Cash and cash equivalents at the**
**beginning of the reporting period**
2
1,961,206
**Cash and cash equivalents at the end of**
**the reporting period**
2
1,970,635|2023
£
(317,620)
(317,620
(161,013)
1,819
(159,194)
(476,814)
2,438,020
1,961,206|
|---|---|
The notes form part of these financial statements
Page 18
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB**
## **NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS for the Year Ended 31 March 2024**
## **1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net expenditure for the reporting period (as per the Statement of**
**Financial Activities)**
**Adjustments for:**
Depreciation charges
(Gain)/loss on investment
Interest received
(Increase)/decrease in debtors
Increase in creditors
**Net cash used in operations**
**2.**
**ANALYSIS OF CASH AND CASH EQUIVALENTS**
Cash and cash equivalents
Total cash and cash equivalents
**3.**
**ANALYSIS OF CHANGES IN NET FUNDS**
At 1/4/23
£
**Net cash**
Cash at bank and in hand
1,961,206
**Total**
1,961,206|2024
£
(238,356)
145,481
(33,244)
(12,285)
(43,655)
190,482
8,423
2024
£
1,970,635
1,970,635
Cash flow
£
9,429
9,429|2023
£
(591,676)
176,635
15,549
(1,819)
4,189
79,502
(317,620)
2023
£
1,961,206
1,961,206
At 31/3/24
£
1,970,635
1,970,635|
|---|---|---|
The notes form part of these financial statements
Page 19
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
**WIGAN BOYS & GIRLS CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2024**
## **1. ACCOUNTING POLICIES**
## **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' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Basis of consolidation**
The group financial statements consolidate the financial statements of Wigan Boys and Girls Club and its subsidiary to 31 March 2024.
The consolidated financial statements include the results of the activities described in the Report of the Trustees, all of which are continuing.
## **Significant judgements and estimates**
Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:
## **(a) Impairment of fixed assets**
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit or loss. If an impairment loss is subsequently reversed, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset in prior periods. A reversal of an impairment loss is recognised immediately in the profit or loss
## **(b) Useful economic lives**
The useful economic lives of fixed assets are assessed on an annual basis based on the latest available information. Management believe that the useful economic lives being used currently are still appropriate.
## **Income**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Donations and similar incoming resources are included in the period in which they are receivable, which is when the charity becomes entitled to the resource.
Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable, except for those grants which are for a future specific period, in which case the relevant amount is deferred to that period.
Investment income is recognised in the year in which it is receivable.
## **Expenditure and irrecoverable vat**
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.
Expenditure on raising funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
continued...
Page 20
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
**WIGAN BOYS & GIRLS CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **1. ACCOUNTING POLICIES - continued**
## **Expenditure and irrecoverable vat**
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services, and include both direct and support costs relating to these activities.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees.
Value Added Tax ('VAT') is not recoverable by the Charity and the relevant costs are stated gross in the Statement of Financial Activities. The trading subsidiary is registered for VAT.
## **Government income**
Government income comprises grants and subsidies provided as a direct result of the Covid-19 pandemic and is recognised in the period to which it relates.
## **Tangible fixed assets**
Tangible fixed assets are stated at cost less depreciation and impairment.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold land and buildings - 10% on cost and 1% on cost Website development costs - 10% on cost Fittings, furniture and equipment - 10% on cost Motor vehicles - 20% on cost Computer equipment - 25% on cost Software development - 25% on cost
## **Taxation**
The charity is exempt from corporation tax on its charitable activities, whereas the trading subsidiary has certain taxable income.
The charity is able to recover taxation on Gift aid and makes periodic reclaims, with the credits taken to Income in the period when received.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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 note 18 to the financial statements.
## **Designated funds**
Designated funds are set aside by the Board of Trustees out of the general funds for specific future purposes or projects.
## **Fixed asset investments**
Fixed asset investments in shares in subsidiary undertakings are stated at cost. Other investments are carried at fair value in the balance sheet, with any adjustments to the market price of the shares recognised through the Statement of Financial Activities.
## **Financial instruments**
The charitable group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Related party loans have no stated interest rate, are payable within one year and are measured at the undiscounted amount due.
continued...
Page 21
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **1. ACCOUNTING POLICIES - continued**
## **Legal status of the charity**
The Charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10.
## **Financial performance of the charity**
The summary financial performance of the Charity alone is:
|
Incoming resources
Resources expended
Governance costs
**Net incoming/(outgoing) resources**
Total funds brought forward
**Total funds carried forward**
Represented by:
Unrestricted funds
Restricted funds|2024
£
1,575,018
(1,817,230)
(18,896)
(261,108)
9,355,011
9,093,903
2,335,039
6,758,864
9,093,903|2023
£
1,375,313
(1,950,607)
(18,016)
(593,310)
9,948,321
9,355,011
2,681,169
6,673,842
9,355,011|
|---|---|---|
The consolidated statement of financial activities includes the results of the Charity’s wholly owned subsidiary, Wigan Boys & Girls Club (Trading) Limited (registered company number: 08891815 and with the same registered office as the charity). The company provides a subsidised catering service and provides an entertainment venue for the senior group.
The charity owns the entire Share Capital of 1 ordinary share of £1, 1 A ordinary share of £1 and 2,000,000 preference shares of £1. A summary of the trading results is shown below:
|
Turnover
Other income
Cost of sales and administration costs
Net profit
Tax
Retained in subsidiary
The assets and liabilities of the subsidiary were:
Fixed assets
Current assets
Current liabilities
Total net assets
Aggregate share capital and reserves|2024
£
70,663
81,675
(129,586)
22,752
(1,772)
20,980
£
1,717,004
142,144
(111,293)
1,747,855
1,747,855|2023
£
64,011
83,565
(145,942)
1,634
-
1,634
£
1,746,259
114,096
(133,480)
1,726,875
1,726,875|
|---|---|---|
continued...
Page 22
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
|**2.**
**DONATIONS AND LEGACIES**
Donations
Gift aid recoverable
Grants
**3.**
**OTHER TRADING ACTIVITIES**
Fundraising events
Rents received
**4.**
**INVESTMENT INCOME**
Deposit account interest
**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Shop and café income
Youth projects and activities
Membership and club entry fees Youth projects and activities
**6.**
**OTHER INCOME**
Other income
Gain on revaluation of investment
**7.**
**RAISING FUNDS**
**Raising donations and legacies**
Fundraising expenditure
Shop and café expenditure|2024
£
753,739
8,372
611,689
1,373,800
2024
£
116,394
48,856
165,250
2024
£
12,285
2024
£
70,663
72,539
______
143,202
2024
£
32,819
33,244
66,063
2024
£
10,744
51,947
62,691||2023
£
688,649
7,594
434,223
1,130,466
2023
£
172,992
43,824
216,816
2023
£
1,819
2023
£
64,011
70,036
______
134,047
2023
£
39,741
-
39,741
2023
£
42,395
61,192
103,587|
|---|---|---|---|
|||||
|||||
|||||
|||||
|||||
continued...
Page 23
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **8. CHARITABLE ACTIVITIES COSTS**
|Youth projects and activities|Direct
Costs (see
note 9)
Support
costs (see
note 10)
£
£
1,908,211
28,054|2024
2023
£
£
1,936,265
2,010,978|
|---|---|---|
## **9. DIRECT COSTS OF CHARITABLE ACTIVITIES**
|Staff costs
Insurance
Light and heat
Rate and water
Telephone
Postage and stationery
Advertising
Sundries
Activity delivery costs
Training and recruitment
Legal and professional fees
Security
Travelling and entertainment
Computer expenses
Subscriptions
Clothing and uniforms
Repairs and maintenance
Donations paid
Depreciation
**SUPPORT COSTS**
Youth projects and activities|Finance
Governance
costs
£
£
1,702
26,352|2024
£
1,267,916
33,638
129,296
2,765
6,120
4,615
9,293
2,474
173,596
7,526
408
491
5,871
24,076
14,051
1,020
54,575
24,999
145,481
1,908,211
2024
£
28,054|2023
£
1,309,566
30,113
182,654
1,324
12,542
5,467
6,731
7,059
87,585
3,660
19,345
192
8,351
26,955
9,350
2,283
50,148
25,000
176,635
1,970,960
2023
£
40,018|
|---|---|---|---|
|||||
## **10. SUPPORT COSTS**
## **11. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging:
|Auditors' remuneration
Depreciation - owned assets|2024
£
11,350
145,481|2023
£
11,050
176,635|
|---|---|---|
continued...
Page 24
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **12. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **13. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|2024
£
1,165,381
73,283
29,252
1,267,916|2023
£
1,201,501
78,656
29,409
1,309,566|
|---|---|---|
The average monthly number of employees during the year was as follows:
|Charitable activities
Generating funds
Administration|2024
67
4
8
79|2023
72
4
9|
|---|---|---|
|||85|
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
|||2024|2023|
|---|---|---|---|
|£60,001|- £70,000|1|1|
continued...
Page 25
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUBs**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **for the Year Ended 31 March 2024**
## **14. TANGIBLE FIXED ASSETS**
|**GROUP**
**COST**
At 1 April 2023
Additions
At 31 March 2024
**DEPRECIATION**
At 1 April 2023
Charge for year
At 31 March 2024
**NET BOOK VALUE**
At 31 March 2024
At 31 March 2023
**COST**
At 1 April 2023
Additions
At 31 March 2024
**DEPRECIATION**
At 1 April 2023
Charge for year
At 31 March 2024
**NET BOOK VALUE**
At 31 March 2024
At 31 March 2023|Motor
vehicles
£
18,000
-|Long
Fittings,
leasehold
Website
furniture
land and
development
and
buildings
costs
equipment
£
£
£
7,630,723
45,228
590,398
-
-
6,606
7,630,723
45,228
597,004
833,980
37,625
561,201
96,642
3,733
33,921
930,622
41,359
595,122
6,700,101
3,869
1,882
7,456,333
7,603
29,197
Computer
equipment
Software
development
Totals
£
£
£
314,241
10,000
8,608,590
4,673
-
11,279
318,914
10,000
8,619,869
204,540
10,000
1,662,946
8,785
-
145,481
213,325
10,000
1,808,427
105,589
-
6,811,442
109,701
-
6,945,644|Long
Fittings,
leasehold
Website
furniture
land and
development
and
buildings
costs
equipment
£
£
£
7,630,723
45,228
590,398
-
-
6,606
7,630,723
45,228
597,004
833,980
37,625
561,201
96,642
3,733
33,921
930,622
41,359
595,122
6,700,101
3,869
1,882
7,456,333
7,603
29,197
Computer
equipment
Software
development
Totals
£
£
£
314,241
10,000
8,608,590
4,673
-
11,279
318,914
10,000
8,619,869
204,540
10,000
1,662,946
8,785
-
145,481
213,325
10,000
1,808,427
105,589
-
6,811,442
109,701
-
6,945,644|
|---|---|---|---|
|||||
||18,000||8,619,869|
||15,600
2,400||1,662,946
145,481|
||18,000||1,808,427|
||-||6,811,442|
||2,400||6,945,644|
continued...
Page 26
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **14. TANGIBLE FIXED ASSETS - continued**
|**CHARITY**
**COST**
At 1 April 2023
Additions
At 31 March 2024
**DEPRECIATION**
At 1 April 2023
Charge for year
At 31 March 2024
**NET BOOK VALUE**
At 31 March 2024
At 31 March 2023
**COST**
At 1 April 2023
Additions
At 31 March 2024
**DEPRECIATION**
At 1 April 2023
Charge for year
At 31 March 2024
**NET BOOK VALUE**
At 31 March 2024
At 31 March 2023|Long
leasehold
land and
buildings
£
5,803,203
-
5,803,203
701,725
78,045
779,770
5,023,433
5,101,478
Motor
vehicles
£
18,000
-
18,000
15,600
2,400
18,000
-
2,400|Website
development
costs
£
45,228
-
45,228
37,626
3,733
41,359
3,869
7,602
Computer
equipment
£
198,865
4,673
203,538
171,706
8,785
180,491
23,047
27,159|Fittings,
furniture
and
equipment
£
526,607
2,161
528,768
465,862
18,818
484,680
44,088
60,745
Totals
£
6,591,903
6,834
6,598,737
1,392,519
111,781
1,504,300
5,094,437
5,199,384|
|---|---|---|---|
continued...
Page 27
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
**WIGAN BOYS & GIRLS CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **15. FIXED ASSET INVESTMENTS**
## **GROUP**
|**GROUP**|||
|---|---|---|
|**MARKET VALUE**
At 1 April 2023
Revaluations
At 31 March 2024
**NET BOOK VALUE**
At 31 March 2024
At 31 March 2023|Other
investments
£
248,259
33,244
281,503
281,503
248,259|Totals
£
248,259
33,244|
|||281,503|
|||281,503|
|||248,259|
There were no investment assets outside the UK.
## **CHARITY**
|**COST OR VALUATION**
At 1 April 2022
Revaluations
At 31 March 2023
**NET BOOK VALUE**
At 31 March 2023
At 31 March 2022|Shares in
group
undertakings
£
2,000,002
-
2,000,002
2,000,002
2,000,002|Other
investments
£
248,259
33,244
281,503
281,503
248,259|Totals
£
2,248,261
33,244|
|---|---|---|---|
||||2,281,505|
||||2,281,505|
||||2,248,261|
Cost or valuation at 31 March 2024 is represented by:
|Valuation in 2021
Valuation in 2022
Valuation in 2023
Valuation in 2024
Cost|Shares in
group
undertakings
£
-
-
-
-
2,000,002
2,000,002|Other
investments
£
4,961
8,847
(15,549)
33,244
250,000
281,503|Totals
£
4,961
8,847
(15,549)
33,244
2,250,002|
|---|---|---|---|
||||2,281,505|
The company's investments at the balance sheet date in the share capital of companies include the following:
continued...
Page 28
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **15. FIXED ASSET INVESTMENTS - continued**
The charity's investments at the Statement of Financial Position date in the share capital of companies include the following:
||||**Direct/Indirect**|
|---|---|---|---|
|**Subsidiary**|**Principal Activity**|**% Holding**|**Holding**|
|Wigan Boys & Girls Club (Trading)|Catering|100%|Direct|
|Limited||||
## **16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
Amounts owed by group undertakings
Other debtors|Group
2024
£
146,018
-
64,124
210,142|Group
2023
£
99,006
-
67,481
166,487|Charity
2024
£
121,355
90,387
63,077
274,819|Charity
2023
£
72,477
90,387
67,294|
|---|---|---|---|---|
|||||230,158|
## **17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
Tax|Group
2024
£
85,332
31,373
4,116
309,373
1,772
431,966|Group
2023
£
57,801
27,771
-
154,140
-
239,712|Charity
2024
£
80,417
24,765
3,778
302,100
-
411,060|Charity
2023
£
20,210
27,771
-
148,638
-|
|---|---|---|---|---|
|||||196,619|
Deferred income is comprised of several restricted funds that relate to periods beyond the financial year end.
continued...
Page 29
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **18. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|General
unrestricted
funds
£
Fixed assets
Investments
-
281,503
Current assets
1,796,123
Current liabilities
(291,429)
1,786,197|Designated
funds
£
-
-
125,000
-
125,000|Restricted
funds
£
6,811,442
-
259,654
(140,537)
6,930,559|2024
Total
funds
£
6,811,442
281,503
2,180,777
(431,966)
8,841,756|2023
Total
funds
£
6,945,644
248,259
2,127,693
(239,712)
9,081,884|
|---|---|---|---|---|
continued...
Page 30
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **19. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Designated Funds
**Restricted funds**
Fixed assets
Arts Council
Procure Plus
NCS
Children in Need
HAF - Holiday Club
SHCJ - Inclusion Coordinator
Cash4Kids
P2P (Year 2)
ESF - Step Ahead
Onside - Wellness
Charles Hayward Foundation
UK Youth Inspire
Future You
The Asda Foundation
FiredUp4Clay
Seniors Holiday Hunger
Burberry Project
Leigh Youth Club
Eric Wright
Presidents Cup
Hatch UK Youth KFC
Access Fund
Off the Grid
Youth Music Fund
You're The Best Fest Event - Wigan
Council
OnSide Residential Fund
Cost of Living Grant - National Lottery
Jigsaw Foundation
Youth Empowerrment - Million Hours
OnSide Foundation
**TOTAL FUNDS**|At 1/4/23
£
1,994,743
125,000
2,119,743
6,945,644
-
2,918
-
1,060
-
-
-
-
1,087
754
-
-
-
200
-
-
-
-
-
18
5,252
1,708
3,500
-
-
-
-
-
-
-
6,962,141
9,081,884|Net
movement
in funds
£
(316,256)
-
(316,256)
(134,202)
499
6,000
239
(109)
3,849
631
708
(246)
-
890
(721)
3,475
34,568
-
154
(150)
7,830
38,072
35,000
-
22,796
(401)
3,101
6,982
3,482
1,913
41,967
(7)
(144)
(48)
76,128
(240,128)|Transfers
between
funds
£
107,710
-
107,710
-
-
(8,918)
-
-
3,770
(631)
-
246
(1,087)
-
721
-
-
(200)
-
150
(2,877)
(37,428)
(35,000)
(18)
(19,655)
-
-
(6,982)
-
-
-
7
144
48
(107,710)
-|At
31/3/24
£
1,786,197
125,000|
|---|---|---|---|---|
|||||1,911,197
6,811,442
499
-
239
951
7,619
-
708
-
-
1,644
-
3,475
34,568
-
154
-
4,953
644
-
-
8,393
1,307
6,601
-
3,482
1,913
41,967
-
-
-|
|||||6,930,559|
|||||8,841,756|
continued...
Page 31
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **19. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Fixed assets
Arts Council
Procure Plus
NCS
Children in Need
HAF - Holiday Club
WYZ Adventure Project - GMCA
SHCJ - Inclusion Coordinator
Cash4Kids
P2P (Year 2)
Onside - Wellness
Charles Hayward Foundation
UK Youth Inspire
Future You
FiredUp4Clay
Seniors Holiday Hunger
Burberry Project
Leigh Youth Club
Eric Wright
Hatch UK Youth KFC
Access Fund
Off the Grid
Youth Music Fund
You're The Best Fest Event - Wigan
Council
OnSide Residential Fund
Cost of Living Grant - National Lottery
Jigsaw Foundation
Supporting Our Communities - HSBC
Youth Empowerrment - Million Hours
Lifeskills + (GMCA - WEA - UKSPF)
Worsley Hall Alliance - GM VRU
OnSide Foundation
**TOTAL FUNDS**|Incoming
resources
£
1,167,049
-
29,740
6,000
6,744
18,761
54,179
4,600
4,343
2,000
(218)
31,101
20,280
11,052
49,098
9,881
4,642
20,356
115,306
35,000
29,221
-
3,500
45,398
6,000
5,533
59,092
9,333
3,332
1,224
7,434
619
-
593,551
1,760,600|Resources
expended
£
(1,483,305)
(134,202)
(29,241)
-
(6,505)
(18,870)
(50,330)
(4,600)
(3,712)
(1,292)
(28)
(30,211)
(21,001)
(7,577)
(14,530)
(9,727)
(4,792)
(12,526)
(77,234)
-
(6,425)
(401)
(399)
(38,416)
(2,518)
(3,620)
(17,125)
(9,340)
(3,332)
(1,368)
(7,434)
(619)
(48)
(517,423)
(2,000,728)|Movement
in funds
£
(316,256)
(134,202)
499
6,000
239
(109)
3,849
-
631
708
(246)
890
(721)
3,475
34,568
154
(150)
7,830
38,072
35,000
22,796
(401)
3,101
6,982
3,482
1,913
41,967
(7)
-
(144)
-
-
(48)
76,128
(240,128)|
|---|---|---|---|
## **Designated funds**
The trustees have designated certain unrestricted funds totalling £125,000 (included in the net movement above), for essential future spending. These include monies for specific projects, planned repairs and maintenance programmes.
Any excess resources expended in any one period will be covered by unrestricted funds.
continued...
Page 32
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **19. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Designated Funds
**Restricted funds**
Fixed assets
Procure Plus
Children in Need
Internet Citizens
HAF - Holiday Club
ESF - Step Ahead
Onside - Wellness
The Skelton Charity
The Asda Foundation
Seniors Holiday Hunger
Burberry Project
Leigh Youth Club
Eric Wright
Presidents Cup
Hatch UK Youth KFC
Access Fund
Off the Grid
Kickstart
**TOTAL FUNDS**|At 1/4/22
£
2,579,278
125,000
2,704,278
6,961,265
-
3,903
1,939
-
-
-
1,305
870
-
-
-
-
-
-
-
-
-
6,969,282
9,673,560|Net
movement
in funds
£
(674,596)
-
(674,596)
(5,592)
2,918
(2,843)
(720)
34,670
1,087
754
(1,305)
(670)
30,433
(2,881)
(412)
16,680
18
6,660
1,708
3,500
(1,085)
82,920
(591,676)|Transfers
between
funds
£
90,061
-
90,061
(10,029)
-
-
(1,219)
(34,670)
-
-
-
-
(30,433)
2,881
412
(16,680)
-
(1,408)
-
-
1,085
(90,061)
-|At
31/3/23
£
1,994,743
125,000|
|---|---|---|---|---|
|||||2,119,743
6,945,644
2,918
1,060
-
-
1,087
754
-
200
-
-
-
-
18
5,252
1,708
3,500
-|
|||||6,962,141|
|||||9,081,884|
continued...
Page 33
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **19. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Fixed assets
Procure Plus
Children in Need
Internet Citizens
UK Active Youth
HAF - Holiday Club
SHCJ - Inclusion Coordinator
Onside - Culture of Health
P2P (Year 2)
ESF - Step Ahead
Onside - Wellness
Charles Hayward Foundation
Future You
The Skelton Charity
The Asda Foundation
FiredUp4Clay
Seniors Holiday Hunger
Burberry Project
Leigh Youth Club
Eric Wright
Presidents Cup
Hatch UK Youth KFC
Access Fund
Off the Grid
Kickstart
**TOTAL FUNDS**|Incoming
resources
£
1,127,248
-
7,000
37,922
-
14,698
80,398
5,469
9,122
39,268
1,194
30,280
19,721
25,455
-
-
11,382
30,641
7,500
34,331
21,500
4,001
9,414
2,845
3,500
-
395,641
1,522,889|Resources
expended
£
(1,801,844)
(5,292)
(4,082)
(40,765)
(720)
(14,698)
(45,728)
(5,469)
(9,122)
(39,268)
(107)
(29,526)
(19,721)
(25,455)
(1,305)
(670)
(11,382)
(208)
(10,381)
(34,743)
(4,820)
(3,983)
(2,754)
(1,137)
-
(1,085)
(312,721)
(2,114,565)|Movement
in funds
£
(674,596)
(5,292)
2,918
(2,843)
(720)
-
34,670
-
-
-
1,087
754
-
-
(1,305)
(670)
-
30,433
(2,881)
(412)
16,680
18
6,660
1,708
3,500
(1,085)
82,920
(591,676)|
|---|---|---|---|
continued...
Page 34
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
**WIGAN BOYS & GIRLS CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024**
## **20. OTHER FINANCIAL COMMITMENTS**
There is a lease relating to the land at Parsons Walk, Wigan with Wigan Borough Council. The lease is for 125 years from the 12 August 2011. The principal rent is an annual sum of one peppercorn.
The property is subject to a lien in favour of the Football Foundation in respect of a grant made to the charity.
## **21. RELATED PARTY DISCLOSURES**
The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Members of the management board and/or organisations in which they are a part have made donations or raised funds on behalf of the Charity totalling £50,000 (2023: £50,000).
No other trustee or other person related to the charity had any personal interest in any contract or transaction entered into the charity during the year.
There are no other material related party transactions that require disclosure in the financial statements.
Page 35
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid recoverable
Grants
**Other trading activities**
Fundraising events
Rents received
**Investment income**
Deposit account interest
**Charitable activities**
Shop and café income
Membership and club entry fees
**Other income**
Other income
Gain on revaluation of investment
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Fundraising expenditure
Shop and café expenditure
**Charitable activities**
Wages
Social security
Pensions
Insurance
Light and heat
Rates and water
Telephone
Postage and stationery
Advertising
Sundries
Activity delivery costs
Training and recruitment
Legal and professional fees
Security
Travelling and entertainment
Computer expenses
Subscriptions
Clothing and uniforms|2024
£
753,739
8,372
611,689
1,373,800
116,394
48,856
165,250
12,285
70,663
72,539
143,202
32,819
33,244
66,063
1,760,600
10,744
51,947
62,691
1,165,381
73,283
29,252
33,638
129,296
2,765
6,120
4,615
9,293
2,474
173,596
7,526
408
491
5,871
24,076
14,051
1,020|2023
£
688,649
7,594
434,223
1,130,466
172,992
43,824
216,816
1,819
64,011
70,036
134,047
39,741
-
39,741
1,522,889
42,395
61,192
103,587
1,201,501
78,656
29,409
30,113
182,654
1,324
12,542
5,467
6,731
7,059
87,585
3,660
16,845
19,345
8,351
26,955
9,350
2,283|
|---|---|---|
This page does not form part of the statutory financial statements
Page 36
Docusign Envelope ID: 47C6EB73-19C3-4E68-9311-2DE35CFAB014
## **WIGAN BOYS & GIRLS CLUB**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
## **for the Year Ended 31 March 2024**
|**Charitable activities – continued**
Repairs and maintenance
Donations paid
**Support costs**
**Finance**
Bank charges
Credit card charges
Loss on investment revaluation
**Depreciation**
Long leasehold
Fixtures and fittings
Motor vehicles
Computer equipment
Website
**Governance costs**
Auditors' remuneration
Payroll and taxation
Total resources expended
**Net expenditure**|2024
£
54,575
24,999
1,825,421
1,521
181
-
1,702
96,642
33,921
2,400
8,785
3,733
1,972,604
11,350
15,002
26,352
1,998,956
(238,356)|2023
£
50,148
31,000
1,897,912
2,066
74
15,549
17,689
101,100
63,890
3,600
8,045
-
2,092,236
11,050
11,279
22,329
2,114,565
(591,676)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 37