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||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||
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|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|
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|||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|
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|||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|
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|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|
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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|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|
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|||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|
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||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|
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||||||||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|
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||||||||||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)||-|-|-|
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||||
- 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|
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|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|
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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|11,622,847|
|Creditors due within one year|(7,561)|(2,090)|(9,651)|
|Tl|8,263,916|6,595,026|14,858,942|
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||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|
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|||2022|2021|
|---|---|---|---|
|||£|£|
|Cash|in hand|7,387,686|11,622,847|
|Total|cash and cash equivalents|7,387,686|11,622,847|
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