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2022-03-31-accounts
|
Page |
Page |
| Reference and Administrative Details of the Charity, its Trustees and Advisers |
|
1 |
| Preamble |
|
2 |
| Trustees’ Report |
37 |
|
| IndependentAuditor’s Report on the Financial Statements |
B |
- 11 |
| Statementof Financial Activities |
|
12 |
| Balance Sheet |
|
13 |
| Statementof Cash Flows |
|
14 |
| Notes to the Financial Statements |
15-28 |
|
| Trustees |
WR Warburton MBE, Chair |
|
CW Hoiroyd CBE DL |
|
WGR Lees-Jones (Appointed 13 April 2022) |
|
WAinscough (Resigned 9 June 2021) |
|
N Sleep (Resigned 28 January 2022) |
| Charity registered |
|
| number |
1157252 |
| Principal office |
Atria |
|
Spa Road |
|
Bolton |
|
BL1 4AG |
| Independent auditor |
Crowe U.K. LLP |
|
3rd floor |
|
The Lexicon |
|
Mount Street |
|
Manchester |
|
M2 5NT |
| Bankers |
Handelsbanken |
|
6 The Courtyard |
|
Calvin Street |
|
Bolton |
|
BL1 9PB |
| Solicitors |
Bates Wells |
|
10 Queen Street Place |
|
EC4R 1BE |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
|
2022 |
2022 |
2022 |
2021 |
|
Note |
£ |
£ |
£ |
£ |
| Income from: |
|
|
|
|
|
| Donations and legacies |
3 |
54 |
3,014,788 |
3,014,842 |
12,624,973 |
| Fundraising |
4 |
- |
231,250 |
231,250 |
25,270 |
| Investments |
5 |
11,843 |
- |
11,843 |
9.591 |
| Total income |
|
11,897 |
3,246,038 |
3,257,935 |
12,659.834 |
| Expenditure on: |
|
|
|
|
|
| Charitable activities: |
6,7 |
|
|
|
|
| Support of OnSide Youth Zones |
|
9,322 |
2,088,375 |
2,097,697 |
2,485,041 |
| Grants to Youth Projects |
|
365,882 |
3,208,001 |
3,573,883 |
9,436,142 |
| OnSide COVIDI9 Emergency Fund |
|
- |
- |
- |
501,115 |
| Total expenditure |
|
375,204 |
5,296,376 |
5,671,580 |
12,422,298 |
| Net (expenditure)Iincome before net |
|
|
|
|
|
| gains on investments |
|
(363,307) |
(2,050,338) |
(2,413,645) |
237,536 |
| Net gains on investments |
|
409,891 |
- |
409,891 |
745,746 |
| Net incomel(expenditure) |
|
46,584 |
(2,050,338) |
(2,003,754) |
983,282 |
| Transfers between funds |
12 |
(190,000) |
190,000 |
- |
- |
| Net movement in funds |
|
(143,416) |
(1,860,338) |
(2,003,754) |
983,282 |
| Reconciliation offunds: |
|
|
|
|
|
| Total funds brought forward |
|
8,263,916 |
6,595,026 |
14,858,942 |
13,875,660 |
| Net movement in funds |
|
(143,416) |
(1,860,338) |
(2,003,754) |
983,282 |
| Total funds carried forward |
|
8,120,500 |
4,734,688 |
12,855,188 |
14,858,942 |
|
|
Unrestricted |
Restricted |
Total |
|
|
funds |
funds |
funds |
|
|
2022 |
2022 |
2022 |
|
|
£ |
£ |
£ |
| Donations |
|
54 |
899139 |
899,193 |
| Grants |
|
- |
2,115,649 |
2,115,649 |
| Government |
grants |
- |
- |
- |
|
|
54 |
3,014,788 |
3,014,842 |
|
|
Unrestricted |
Restricted |
Total |
|
|
funds |
funds |
funds |
|
|
2021 |
2021 |
2021 |
|
|
£ |
£ |
£ |
| Donations |
|
10.187 |
- |
10,187 |
| Grants |
|
896,700 |
5,718,086 |
6,614,786 |
| Government |
grants |
- |
6,000,000 |
6,000,000 |
|
|
906,887 |
11,718,086 |
12,624,973 |
|
Restricted |
Total |
|
funds |
funds |
|
2022 |
2022 |
|
£ |
£ |
| Kensington Palace Fundraising Dinner |
225,000 |
225,000 |
| Gift Aid |
6,250 |
6,250 |
|
231,250 |
231,250 |
| Income from fundraising events (continued) |
|
|
|
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Kensington Palace Fundraising Dinner |
- |
25,000 |
25,000 |
| Gift Aid |
99 |
171 |
270 |
|
99 |
25,171 |
25,270 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
|
2022 |
2022 |
|
|
£ |
£ |
| Bank |
Interest |
11,843 |
11,843 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
|
2021 |
2021 |
|
|
£ |
£ |
| Bank |
Interest |
9.591 |
9,591 |
|
Grants to |
Total |
|
Institutions |
funds |
|
2022 |
2022 |
|
£ |
£ |
| Support ofOnSide Youth Zones |
2,088,375 |
2,088,375 |
| Grants to Youth Projects |
3,558,001 |
3,558,001 |
|
5,646,376 |
5,646,376 |
|
Grants to |
Total |
|
Institutions |
funds |
|
2021 |
2021 |
|
£ |
£ |
| Support of OnSide Youth Zones |
1,673,300 |
1,673,300 |
| Grants to Youth Projects |
4,221,384 |
4,221,384 |
| Grants, OnSideCovid-19 Emergency Support |
500,000 |
500,000 |
| Grants, Community Match Challenge |
5,984,483 |
5,984,483 |
|
1Z379.167 |
12,379,167 |
|
Grant |
|
|
|
funding of |
Support |
Total |
|
activities |
costs |
funds |
|
2022 |
2022 |
2022 |
|
£ |
£ |
£ |
| Support of OnSide Youth Zones |
2,088,375 |
9,322 |
2,097,697 |
| Grants to Youth Projects |
3,558,001 |
16,882 |
3,573,883 |
|
5,646,376 |
25.204 |
5,671,580 |
|
Grant |
|
|
|
funding ot |
Support |
Total |
|
activities |
costs |
funds |
|
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Support of OnSide Youth Zones |
1,673,300 |
5,531 |
1,678,831 |
| Grants to Youth Zone Projects |
4,221,364 |
20,968 |
4,242,352 |
| OnSide Covid-19 Emergency Support |
500,000 |
1,115 |
501,115 |
| Community Match Challenge |
5,984,463 |
15,517 |
6,000,000 |
|
12.379,167 |
43,131 |
1Z42Z298 |
|
|
Total |
Total |
|
|
funds |
funds |
|
|
2022 |
2021 |
|
|
£ |
£ |
| Governance |
costs |
25,204 |
43,131 |
|
2022 |
2021 |
|
£ |
£ |
| Fees payable to the Charity’s auditorforthe audit ofthe Charity’s annual |
|
|
| accounts |
3,275 |
3120 |
| Fees payable to the Charity’s auditor in respect of: |
|
|
| All non-audit services not included above |
1,050 |
1,000 |
|
Listed |
|
investments |
|
£ |
| Cost or valuation |
|
| At 1 April2021 |
3,245,746 |
| Additions |
2,aOO,000 |
| Revaluations |
409,891 |
| At 31 March 2022 |
5,655,637 |
| Net book value |
|
| At 31 March 2022 |
5,655,637 |
| At31 March 2021 |
3,245,746 |
| Creditors: Amounts falling due within one year |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Trade creditors |
182,915 |
4895 |
| Accruals and deferred income |
5,220 |
4,956 |
|
188,135 |
9,651 |
|
|
|
|
|
|
|
Balance at |
|
Balance at |
I |
|
|
Transfers |
Gains! |
31 March |
|
April 2021 |
|
Income |
Expenditure |
inIout |
(Losses) |
2022 |
|
|
£ |
£ |
£ |
£ |
£ |
£ |
| Unrestricted |
|
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
|
| Designated |
|
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
|
| Designated |
|
|
|
|
|
|
|
Funds
- all funds |
350,000 |
|
- |
(350,000) |
- |
- |
- |
| General funds |
|
|
|
|
|
|
|
| Onside Youth |
|
|
|
|
|
|
|
| Zone |
7,913,916 |
|
11,897 |
(25,204) |
(190,000) |
409,891 |
8,120,500 |
| Total |
|
|
|
|
|
|
|
| Unrestricted |
|
|
|
|
|
|
|
| funds |
8,263,916 |
|
11,897 |
(375,204) |
(190,000) |
409,891 |
8,120,500 |
| Restricted |
|
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
|
| Onside Youth |
|
|
|
|
|
|
|
| Zone |
|
|
|
|
|
|
|
| Development |
- |
|
1,088,375 |
(88,375) |
- |
- |
1,000,000 |
| Barnet |
50,000 |
|
83,500 |
(150,500) |
17,000 |
- |
- |
| Barking & |
|
|
|
|
|
|
|
| Dagenham |
50,000 |
|
133,500 |
(200,500) |
17,000 |
- |
- |
| Croydon |
123,251 |
|
83,500 |
(214,751) |
8,000 |
- |
- |
| East Manchester |
136,000 |
|
- |
- |
- |
- |
136,000 |
| Hammersmith & |
|
|
|
|
|
|
|
| Fulham |
2,520,250 |
|
932,639 |
(875,000) |
8,000 |
- |
2,585,889 |
| Kensington |
|
|
|
|
|
|
|
| Palace |
123,250 |
|
231,250 |
(156,250) |
- |
- |
198,250 |
| London |
80,001 |
|
- |
- |
- |
- |
80,001 |
| Grimsby |
172,274 |
|
88,274 |
(30,000) |
- |
- |
230,548 |
| Warrington |
1,250,000 |
|
300,000 |
(1,400,000) |
140,000 |
- |
290,000 |
| Barnsley |
- |
|
300,000 |
(176,000) |
- |
- |
124,000 |
| Wolverhampton |
- |
|
5,000 |
(5,000) |
- |
- |
- |
| Individual |
|
|
|
|
|
|
|
Donations
- |
|
|
|
|
|
|
|
| CMC |
2,090,000 |
|
- |
(2,000,000) |
- |
- |
90,000 |
|
|
|
|
|
|
|
|
|
Balance at |
|
Balance |
|
at |
|
|
|
Transfers |
Gains, |
31 March |
|
I April 2020 |
|
|
Income |
Expenditure |
|
in/out |
(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 |
|
|
|
|
|
|
|
|
|
| Restricted Funds |
|
|
|
|
|
|
|
|
|
| -all 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 |
| Harnmersmith & |
|
|
|
|
|
|
|
|
|
| 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) |
|
- |
- |
- |
|
|
|
- py |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at |
|
|
|
Balance |
at |
|
|
Transfers |
Gains) |
31 March |
|
|
|
1 April 2020 |
|
Income |
Expenditure |
in/out |
(Losses) |
2021 |
|
|
|
|
£ |
£ |
£ |
£ |
£ |
£ |
| DCMS Grant |
|
- |
|
|
|
|
|
|
|
| CMC |
|
|
- |
|
6,000,000 |
(6,000,000) |
- |
- |
- |
| 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 offunds |
|
|
13,875,660 |
|
12,659,834 |
(12,422,298) |
- |
745,746 |
14,858,942 |
Analysis of net assets between funds
- cur |
rent year |
|
|
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
2022 |
2022 |
2022 |
|
£ |
£ |
£ |
| Fixed asset investments |
5,655,637 |
- |
5,655,637 |
| Current assets |
2,652,998 |
4,734,688 |
7,387,686 |
| Creditors due within one year |
(188,135) |
- |
(188,135) |
| Total |
8,120,500 |
4,734,688 |
12,855,188 |
|
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 |
11,622,847 |
| Creditors due within one year |
(7,561) |
(2,090) |
(9,651) |
| Tl |
8,263,916 |
6,595,026 |
14,858,942 |
|
2022 |
2021 |
|
£ |
£ |
| Net (expenditure)! net income for the year (as per Statement of Financial |
|
|
| Activities) |
(2,003,754) |
983,282 |
| Adjustments for: |
|
|
| Gains on investments |
(409,891) |
(745,746) |
| Dividends, interests and rents from investments |
(11,843) |
(9591) |
| Decrease in debtors |
- |
1,486,250 |
| Increase/(decrease) in creditors |
178,484 |
(277) |
| Net cash (used in)! provided by operating activities |
(2,247,004) |
1,713,918 |
|
|
2022 |
2021 |
|
|
£ |
£ |
| Cash |
in hand |
7,387,686 |
11,622,847 |
| Total |
cash and cash equivalents |
7,387,686 |
11,622,847 |