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|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|
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|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|
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# 14th September 2021
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|||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)|
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|||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|
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||||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|
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|||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|
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|||||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|
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||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|
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||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|
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||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|
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||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|
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|2021|2020|
|---|---|
|£|£|
|-|1,486,250|
|-|1,486,250|
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||2021|2020|
|---|---|---|
||£|£|
|Trade creditors|4,695|5,128|
|Accruals and deferred income|4,956|4800|
||9,651|9,928|
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|||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|
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||||||||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)|-|-|-|
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|||
-|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|
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|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|
##
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||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)|
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|||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|
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