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2021-03-31-accounts
|
Page |
| Reference and Administrative Details ofthe Charity, its Trustees and Advisers |
1 |
| Preamble |
2
- 3 |
| Trustees Report |
4 -8 |
| Independent Auditor’s Report on the Financial Statements |
9- 12 |
| Statement of Financial Activities |
13- 14 |
| Balance Sheet |
15 |
| Statement of Cash Flows |
16 |
| Notes to the Financial Statements |
17-30 |
| Trustees |
WR Warburton MBE, Chair |
|
W Ainscough (resigned 9 June 2021) |
|
CW Hoiroyd CBE DL |
|
N Sleep |
| Charity registered |
|
| number |
1157252 |
| Principal office |
Atria |
|
Spa Road |
|
Bolton |
|
BL1 4AG |
| Independentauditor |
Crowe UK. LLP |
|
3rd floor |
|
The Lexicon |
|
Mount Street |
|
Manchester |
|
M2 5NT |
| Bankers |
Handeisbanken |
|
6 The Courtyard |
|
Calvin Street |
|
Bolton |
|
BL1 9PB |
| Solicitors |
Bates Wells |
|
10 Queen Street Place |
|
EC4R 1BE |
14th September 2021
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
|
2021 |
2021 |
2021 |
2020 |
|
Note |
£ |
£ |
£ |
£ |
| Income from: |
|
|
|
|
|
| Donations and ‘egacies |
4 |
906,887 |
11,718,086 |
12,624,973 |
6,569,113 |
| Fundraising |
5 |
99 |
25,171 |
25,270 |
1,577,090 |
| Investments |
6 |
9,591 |
- |
9,591 |
29,254 |
| Total income |
|
916,577 |
11,743,257 |
12,659,834 |
8,175,457 |
| Expenditure on: |
|
|
|
|
|
| Charitable activities: |
|
|
|
|
|
| Support of OnSide Youth Zones |
|
1,055,531 |
1,429,510 |
2,485,041 |
2,734,152 |
| Grants to Youth Projects |
|
20,968 |
9,415,174 |
9,436,142 |
7,379,064 |
| OnSide COVID19 Emergency Fund |
|
501,115 |
- |
501,115 |
- |
| Total expenditure |
|
1,577,614 |
10,844,684 |
12,422,298 |
10,113,216 |
| Net (expenditure)!income before net |
|
|
|
|
|
| gains on investments |
|
(661,037) |
898,573 |
237,536 |
(1,937,759) |
| Net gains on investments |
|
745,746 |
- |
745,746 |
- |
| Net income/(expenditure) carried |
|
|
|
|
|
| forward |
|
|
|
|
|
|
|
84,709 |
698,573 |
983,282 |
(1,937,759) |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
|
2021 |
2021 |
2021 |
2020 |
|
Note |
£ |
£ |
£ |
£ |
| Net income/(expenditure) brought |
|
|
|
|
|
| forward |
|
84,709 |
898573 |
983,282 |
(1,937,759) |
| Transfers between funds |
15 |
(465,000) |
465,000 |
- |
- |
| Net movement in funds |
|
(380,291) |
1,363,573 |
983,282 |
(1,937,759) |
| Reconciliation offunds: |
|
|
|
|
|
| Total funds brought forward as |
|
|
|
|
|
| previously stated |
|
8,644,207 |
5,231,453 |
13,875,660 |
15,613,419 |
| Prioryearadjustment |
|
- |
- |
- |
200,000 |
| Total funds brought forward as restated |
|
8,644,207 |
5,231,453 |
13,875,660 |
15,813,419 |
| Not movement in funds |
|
(380,291) |
1,363,573 |
983,282 |
(1,937,759) |
| Total funds carried forward |
|
8,263,916 |
6,595,026 |
14,858,942 |
13,875,660 |
|
|
|
2021 |
|
2020 |
|
Note |
|
£ |
|
£ |
| Investments |
11 |
|
3,245,746 |
|
- |
|
|
|
3,245,746 |
|
- |
| Current assets |
|
|
|
|
|
| Debtors |
12 |
- |
|
1,486,250 |
|
| Cash at bank and in hand |
|
11,622,847 |
|
12,399,338 |
|
|
|
11,622,847 |
|
13,885,588 |
|
| Creditors: amounts falling due within one |
|
|
|
|
|
| year |
13 |
(9,651) |
|
(9,928) |
|
| Net current assets |
|
|
11,613,196 |
|
13,875,660 |
| Total assets less current liabilities |
|
|
14,858,942 |
|
13,875,660 |
| Total net assets |
|
|
14,858,942 |
|
13,875,660 |
| Charity funds |
|
|
|
|
|
| Restricted funds |
15 |
|
6,595,026 |
|
5,231,453 |
| Unrestricted funds |
15 |
|
8,263,916 |
|
8,644,207 |
| Total funds |
|
|
14,858,942 |
|
13,875,660 |
|
|
Unrestricted |
Restricted |
Total |
|
|
funds |
funds |
funds |
|
|
2021 |
2021 |
2021 |
|
|
£ |
£ |
£ |
| Donations |
|
10,187 |
- |
10,187 |
| Grants |
|
696.700 |
5,718086 |
6,614786 |
| DCMS grant |
- Community Match Challenge |
- |
6,000,000 |
6,000,000 |
|
|
906,887 |
11,718,086 |
12,624,973 |
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
hinds |
|
2020 |
2020 |
2020 |
|
£ |
£ |
£ |
| Donations |
- |
4.800,000 |
4,800,000 |
| Grants |
226,592 |
1.542,521 |
1,769,113 |
|
226,592 |
6,342,521 |
6,569,113 |
|
|
|
|
Unrestricted |
Restricted |
Total |
|
|
|
|
funds |
funds |
funds |
|
|
|
|
2021 |
2021 |
2021 |
|
|
|
|
£ |
£ |
£ |
| Kensington |
Palace |
Fundraising |
Dinner |
- |
25,000 |
25,000 |
| GiftAid |
|
|
|
99 |
171 |
270 |
|
|
|
|
99 |
25,171 |
25,270 |
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
2020 |
2020 |
2020 |
|
£ |
£ |
£ |
| Kensington Palace Fundraising Dinner |
- |
190,840 |
190,840 |
| Gift Aid |
1,250 |
1,385,000 |
1,386250 |
|
1,250 |
1,575840 |
1,577,090 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
|
2021 |
2021 |
|
|
£ |
£ |
| Bank |
Interest |
9,591 |
9,591 |
|
|
Unrestricled |
Total |
|
|
funds |
funds |
|
|
2020 |
2020 |
|
|
£ |
£ |
| Bank |
Interest |
29,254 |
29254 |
|
Grants to |
Total |
|
Institutions |
funds |
|
2021 |
2021 |
|
£ |
£ |
| Support of OnSide Youth Zones |
1 673,300 |
1,673,300 |
| Grants to Youth Projects |
4221384 |
4,221,384 |
| DnSde COVIDI9 Emergency Support |
500000 |
500,000 |
| Community Match Challenge |
5,984,483 |
5,984,483 |
|
12,379,167 |
12,379,167 |
|
Grants to |
Total |
|
Institutions |
funds |
|
2020 |
2020 |
|
£ |
£ |
| Support of OnSide Youth Zones |
2,730,500 |
2,730,500 |
| Grants to Youth Projects |
7,368,981 |
7,368,981 |
|
10.099,481 |
10,099.481 |
|
Grant |
|
|
|
funding of |
Support |
Total |
|
activities |
costs |
funds |
|
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Support of OnSide Youth Zones |
1,673,300 |
5,531 |
1,678,831 |
| Grants to Youth Projects |
4,221,384 |
20968 |
4,242,352 |
| OnSide COVID19 Emergency Support |
500.000 |
1,115 |
501,115 |
| Community Match Challenge |
5,984,483 |
15,517 |
6,000,000 |
|
12,379,167 |
43,131 |
12422,298 |
|
Grant |
|
|
|
funding of |
Support |
Total |
|
activities |
costs |
funds |
|
2020 |
2020 |
2020 |
|
£ |
£ |
£ |
| Support of OnSide Youth Zones |
2,730,500 |
3,652 |
2,734152 |
| Grants to Youth Zone Projects |
7,368,981 |
10,083 |
7,379,064 |
|
10,099,481 |
13,735 |
10,113,216 |
|
Total |
Total |
|
funds |
funds |
|
2021 |
2020 |
|
£ |
£ |
| Governance costs |
43,131 |
13,735 |
| Auditor’s remuneration |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Fees payable to the Charity’s auditor for the audit ofthe Charity’s annual |
|
|
| accounts |
3,120 |
3,000 |
| Fees payable to the Charity’s auditor in respect of: |
|
|
| All non-audit services not included above |
1,000 |
1,000 |
|
Listed |
|
investments |
|
£ |
| Cost or valuation |
|
| Additions |
2.500,000 |
| Revaluations |
745,746 |
| At 31 March 2021 |
3,245,746 |
| Net book value |
|
| At 31 March 2021 |
3,245,746 |
| 2021 |
2020 |
| £ |
£ |
| - |
1,486,250 |
| - |
1,486,250 |
|
2021 |
2020 |
|
£ |
£ |
| Trade creditors |
4,695 |
5,128 |
| Accruals and deferred income |
4,956 |
4800 |
|
9,651 |
9,928 |
|
|
2021 |
2020 |
|
|
£ |
£ |
| Financial |
assets |
|
|
| Financial |
assets measured at arnortised cost |
11,622,847 |
12,399338 |
|
|
2021 |
2020 |
|
|
£ |
£ |
| Financial |
liabilities |
|
|
| Financial |
liabilities measured at amortised cost |
9,651 |
9,923 |
|
|
|
|
|
|
|
Balance at |
|
Balance at |
1 |
|
|
Transfers |
Gains! |
31 March |
|
April 2020 |
|
Income |
Expenditure |
inlout |
(losses) |
2021 |
|
|
£ |
£ |
£ |
£ |
£ |
£ |
| Unrestricted |
|
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
|
| Designated |
|
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
|
| Bolton capital |
|
|
|
|
|
|
|
| refurbishment |
- |
|
350,000 |
- |
- |
- |
350,000 |
| General funds |
|
|
|
|
|
|
|
| General |
8,644,207 |
|
566,577 |
(1,577,614) |
(465,000) |
745,746 |
7,913,916 |
| Total |
|
|
|
|
|
|
|
| Unrestricted |
|
|
|
|
|
|
|
| funds |
8,644,207 |
|
916,577 |
(1,577,614) |
(465,000) |
745,746 |
8,263,916 |
| Restricted |
|
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
|
| OnSide Youth |
|
|
|
|
|
|
|
| Zone |
|
|
|
|
|
|
|
| Development |
100,000 |
|
198,300 |
(198,300) |
(100,000) |
- |
- |
| Chorley |
- |
|
77,500 |
(77,500) |
- |
- |
- |
| Barnet |
280,213 |
|
233,250 |
(463,463) |
- |
- |
50,000 |
| Barking & |
|
|
|
|
|
|
|
| Dagenham |
475,000 |
|
126,250 |
(551,250) |
- |
- |
50,000 |
| Croydon |
- |
|
123,251 |
- |
- |
- |
123,251 |
| East Manchester |
2,475,000 |
|
171 |
(2,339,171) |
- |
- |
136,000 |
| Hammersmith & |
|
|
|
|
|
|
|
| Fulham |
521,500 |
|
1,998,750 |
- |
- |
- |
2,520,250 |
| Kensington |
|
|
|
|
|
|
|
| Palace |
123,250 |
|
75,000 |
(75,000) |
- |
- |
123,250 |
| Wigan |
- |
|
25,000 |
(25,000) |
- |
- |
- |
| London |
39,998 |
|
40,003 |
- |
- |
- |
80,001 |
| Grimsby |
166,492 |
|
185,782 |
(180,000) |
- |
- |
172,274 |
| Warrington |
1,050,000 |
|
610,000 |
(410,000) |
- |
- |
1,250,000 |
| Bolton |
- |
|
100,000 |
(100,000) |
- |
- |
- |
| DCMS Grant - |
|
|
|
|
|
|
|
| CMC |
- |
|
6,000,000 |
(6,000,000) |
- |
- |
- |
|
|
- |
y |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at |
|
|
Balance at |
I |
|
|
Transfers |
Gains! |
31 March |
|
|
April 2020 |
|
Income |
Expenditure |
in!out |
(Losses) |
2021 |
|
|
|
£ |
£ |
£ |
£ |
£ |
£ |
| Individual |
|
|
|
|
|
|
|
|
| Donations |
- |
|
|
|
|
|
|
|
| CMC |
|
- |
|
1,950,000 |
(425,000) |
565,000 |
- |
2,090,000 |
|
|
5,231,453 |
|
11,743,257 |
(10,844,684) |
465,000 |
- |
6,595,026 |
| Total of funds |
|
13,875,660 |
|
12,659,834 |
(12,422,298) |
- |
745,746 |
14,858,942 |
Statement offunds
- prior year |
|
|
|
|
|
As restated |
|
|
Balance at |
|
Balance at |
|
|
31 March |
|
I April2019 |
Income |
Expenditure |
2020 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| Onside Youth Zone |
11,130,339 |
172.604 |
(2,658,736) |
8,644,207 |
| Restricted funds |
|
|
|
|
| OnSide Youth Zone Development |
- |
185,500 |
(85,500) |
100,000 |
| Chorley |
100,000 |
37,613 |
(137,813) |
- |
| Barnet |
528,580 |
527,462 |
(775,829) |
280,213 |
| Barking&Dagenham |
425,000 |
515,166 |
(465,166) |
475,000 |
| Croydon |
1,750,000 |
215,166 |
(I,965,166) |
- |
| East Manchester |
200,000 |
5,900,000 |
(3,625,000) |
Z475, 000 |
| Hamrnersmith & Fulham |
363,000 |
283,500 |
(125,000) |
521,500 |
| Kensington Palace |
184,500 |
113,756 |
(175,006) |
123,250 |
| Bolton |
- |
100,000 |
(100,000) |
- |
| London |
- |
39,998 |
- |
39,998 |
| Grimsby |
82,000 |
84,492 |
- |
166,492 |
| Warrington |
1,050,000 |
- |
- |
1,050,000 |
|
4,683,080 |
8,002,853 |
(7,454,480) |
5,231,453 |
| Total of funds |
15,813,419 |
8,175,457 |
(10,113,216) |
13,875,660 |
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Fixed asset investments |
3,245,746 |
- |
3,245,746 |
| Current assets |
5,025,731 |
6,597,116 |
11622,847 |
| Creditors due within one year |
(7,561) |
(2,090) |
(9,651) |
| Total |
8,263,916 |
6,595,026 |
14,858,942 |
| nayss o net assets etween funds - prio |
r year |
|
|
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
2020 |
2020 |
2020 |
|
£ |
£ |
£ |
| Current assets |
8,654,135 |
5,231,453 |
13,885,588 |
| Creditors due within one year |
(9,928) |
- |
(9,928) |
| Total |
8,644,207 |
5,231,453 |
13,875,660 |
|
2021 |
2020 |
|
£ |
£ |
| Net income/(expenditure) for the year (as per the Statement of Financial |
|
|
| Activities) |
983,282 |
(1,937,759) |
| Adjustments for: |
|
|
| Gains on investments |
(745,746) |
- |
| Dividends, interests and rents from investments |
(9,591) |
(29,254) |
| Decreasel(increase) in debtors |
1,486,250 |
(1,246,250) |
| Decrease in creditors |
(277) |
(962) |
| Net cash provided by/(used in) operating activities |
1,713,918 |
(3,214,225) |
|
|
2021 |
2020 |
|
|
£ |
£ |
| Cash |
in hand |
11,622,847 |
12399338 |
| Total |
cash and cash equivalents |
11,622,847 |
12,399,338 |
|
|
|
|
|
|
|
|
Changes in |
|
|
|
|
|
|
|
At 1 April |
|
market |
At 31 March |
|
|
|
|
|
|
2020 |
Cash flows |
value |
2021 |
|
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
|
£ |
|
|
|
| Cash |
at |
bank |
and |
in |
hand |
12,399,338 |
(30,745) |
(745,746) |
11,622,847 |
|
|
|
|
|
|
12,399,338 |
(30,745) |
(745,746) |
11,622,847 |