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2023-03-31-accounts

REGISTERED COMPANY NUMBER: 08730010 (England and Wales) REGISTERED CHARITY NUMBER: 1163466

Report of the Trustees and Audited Financial Statements for the Year Ended 31 March 2023

for

BOLTON TOGETHER

SCCA Ltd T/a Stafford & Co Chartered Accountants and Statutory Auditor 3 The Studios 320 Chorley Old Road Bolton Lancashire BL1 4JU

BOLTON TOGETHER

Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2023

Page
Report of the Trustees 1 to 8
Report of the Independent Auditors 9 to 11
Statement of Financial Activities 12
Balance Sheet 13
Cash Flow Statement 14
Notes to the Cash Flow Statement 15
Notes to the Financial Statements 16 to 22
Detailed Statement of Financial Activities 23

BOLTON TOGETHER

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Vision

By working together collaboratively we will improve the quality of life for communities.

Mission

Through voluntary sector led collaboration, delivering high quality cost effective integrated services for children, young people and their families in Bolton, we will utilise existing resource more effectively and generate new funds and resources.

The charities objects are listed as

The consortium became an employer this year and now has a Chief Executive Officer in post. We have continued to build on the success of recent years and have further increased the investment secured and distributed to our members. We have co-designed the Family Hub Programme for Bolton alongside statutory partners, securing a significant investment for the voluntary sector via the consortium to deliver key elements of the Family Hub Programme from September 2023 for a two-year period. Our IThrive contracts to support children and young people and their parents with mental health have been renewed and further investment has been secured to enable to gaps to be address alongside addressing the increase in demand for this provision. We have extended our Holiday Activity and Food Programme and increased the number of members providing this offer and the number of young people benefiting.

Page 1

BOLTON TOGETHER

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023

Achievement and performance

Key Achievements

Membership

Of the 1,672 community and voluntary sector organisations in Bolton. 24% specifically focus on supporting children and young people. Our membership ranges from smaller to larger organisations who when coming together reach our diverse communities in Bolton and enable services to be designed and delivered according to need. Demand for services has increased significantly over the year.

3 Bolton Based organisations joined the consortium with a total 32 members during this timeframe.

73% of Members were awarded funding from the consortium this year £1,063,802 Distributed

''Increased awareness of funding and being a part of a larger contract delivery is excellent for a smaller charity striving to provide the best possible services for Children and families across Bolton. The benefits include: Increased credibility and security in numbers - strengthening our offer. Co-operation and strength in the VCSE in co- delivery of projects. Access to local funding knowledge, increased time management as Bolton Together represents us at vital meetings. Improved chances to achieve organisational goals. Grown our networking and knowledge. Expertise and leadership commitment sharing knowledge. In summary our collaboration with Bolton Together is and has been a huge benefit to our Charity. Your Leadership helps drive our organisational strategies whilst enabling our small Team to concentrate on delivering quality services for vulnerable children and their families. Being part of a strong network of non-profit organisations in Bolton to improve outcomes for children, young people and their families.'' Anita Ball, Project Co-ordinator - Bolton Toy Library

Governance

We have 7 Board members with 1 new member joining the Board during the year and one existing Trustee resigning.

Our longstanding Chair, Karen Edwards stepped down from the role from April '22. A new Independent Chair, Lindsey Darley, took on the role. As the organisation now distributes larger amounts of funding the Board felt that the role of Chair should not be a provider although there is still a clear recognition of the importance of members being represented on the Board.

A further two new Trustees have been recruited to become members in the next financial year.

As a charity working for and with young people we are keen to recruit Trustees from the young demographic to ensure their perspectives are represented. We are working with Bolton University to develop a Young Trustee Recruitment Pack, and to promote the opportunity within the University and have undertaken training in the recruitment of young Trustees.

We now employ a Contracts officer who supports with ensuring we adhere to our robust due diligence processes for members and receive their updated policies during programme delivery. This post also supports with reporting and quality assurance.

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BOLTON TOGETHER

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023

Strengthening the Voice of Children and Young People…

This year Bolton Together has engaged with 228 parents via Bolton Toy Library as part of the Early Years Engagement to support the development of Family Hubs These findings reviewed the experiences of parents using the services at the Start Well Centers, what worked well and what could be improved. Parents fed back the importance of being made to feel welcome and the importance of access to consistent resources across centers.

Young People were part of our funding decision making process for the Preparing for Adulthood Project working closely with Rumworth School and a young person from the Bolton Youth Council supported us with our decision-making panel for the distribution of additional funds for the IThrive provision which will be distributed at the start of the next financial year.

BLGC and Breaking Barriers started their engagement with young people and parents as part of the PFA Community Inclusion Project during the latter part of the year engaging with 60 young people/parents about the activities they access and the barriers to access. The full report will be available in the next financial year.

Communications and Engagement

We held a successful review event in December for members, funders and partners showcasing achievements and members highlighting the positive outcomes of the support they provide to children and young people and how we have worked together as providers to deliver this.

We continued to build our social media presence, growing our Twitter profile and now have 1,513 followers. We have also built our Bolton Together LinkedIn presence sharing cases studies and key messages through this medium. The Online Safety Campaign - 'My First Phone' commissioned Youth Leads UK to develop a social media campaign with young people from Bolton and produced a range of resources for parents and children distributed widely and utilised by the providers delivering workshops as part of this programme.

We have continued to enhance the Bolton Together website with a bank of Case Studies and additional pages and improved navigation throughout the site.

Thrive Alliance - Supporting 2 - 19 years (25 with SEND)

1,330 CYP supported through the IThrive programme 2 - 19 years

88% of young people met their goal

80% in the 2-11 years provision recorded an improvement in ORS/CORs outcome measures

72.6% of the 11 - 19 25 with SEND) recorded an improvement in ORS/CORS measures

Development of the IThrive Hub

The IThrive Hub has strengthened it's processes during the year with the development of a Standard Operating Procedure and the development of Safeguarding Responsibilities Guidance for Providers to sit alongside the requirements within each of the Service Level Agreements. The Hub received a significant increase in referrals from the previous year. We have worked closely with providers to create a streamlined triage and assessment process.

1,167referrals have been received into the IThrive Hub

In September '22 we recruited to the role of Emotional Health and Well Being Practitioner which has created much needed capacity. This post works alongside the IThrive Co-ordinator. Young people and parents are supported to access the right support at the right time through this approach. We have continued to strengthen relationships with the CAMHS service to avoid duplication and improve navigation to the most appropriate service for the young person. Clinical Supervision is also offered to providers via CAMHS.

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BOLTON TOGETHER

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023

Early Years Development and Perinatal Mental Health Support

We have continued to develop positive relationships with the Start Well Service and have been a key partner in shaping proposals for the Family Hubs in Bolton and working differently to improve outcomes for children and families. The Start Well commissioned stay and play sessions began in January and the providers exceeded targets during their first quarter of delivery. Members have continued to deliver perinatal support to new parents experiencing anxiety and low mood, with funding secured to extend this offer further through the Family Hub Programme.

Parent Peer Support Programme

3 providers have continued to deliver this support in the second year of delivery. The offer has been enhanced by delivery of a Nurturing Programme and a Bounce Back Programme offering structured support for parents whose children are experiencing mental health difficulties, alongside the ongoing peer support.

663 parents/carers supported.

Holiday Activities and Food Programme - Easter, Summer and Winter Provision

We have worked closely with Bolton Council to support the distribution of this funding over the Easter, Summer, and Christmas holidays for the second year. We have streamlined our application process and worked closely with providers and Bolton Council to identify and address training needs including supporting providers to increase the accessibility of their offer.

Online Safety Programme - My First Phone

Alongside the development of the social media campaign following a Expression of Interest Process two members were awarded funding to deliver workshops with children and parents to support constructive and informed conversations about children at the pont of having their own phone staying safe as they are exposed to an online world and the risks that this leads to.

Preparing for Adult - SEND Community Inclusion

Following an Expression of Interest Process we awarded funding to two members to undertake mapping in the Farnworth and Rumworth areas to identify acessible community activities and to engage and co-design with organisations and young people/ parents about what more could be offered and identify the barriers to this. We will also be disributing SEED funding to increase accessiblity and producing a final report with key recommendations in the next financial year.

Measuring Our Performance

We haveimplemented robust reporting processes for all providers delivering Bolton Together programmes and this includes the compliation of case studies, and the recording of outputs and outcome meaures tailored to the different areas of delivery. Feedback is gathered from those accessing the serivces and for our IThrive provision an End of Support Form is completed and those accessign the service encouraged to complete a Service Satisfaction Questionnaire.

100% completing the questionnaire would recommend the IThrive Service

'Definitely helped with my dad. Things are so much better with him and that side of the family is improving. -School is okay now, I don't get picked on as much anymore. -My anxiety has improved, I've gained more friends and I can talk to more people. Talking about my relationship with my dad has really helped. '

Feedback from young person being supported by one of the members.

"The sessions have been brilliant, and the staff are wonderful. Like any mother, we want the best for our children, and we want to be able to take them away on holiday and go on lots of fun days out over the summer. Unfortunately, this summer we haven't been able to go away on holiday or do much, but Oliver has loved coming here and the fact it has all been free of charge has been such a big relief for me. I can't even say thank you enough, especially for feeding him too.

Feedback from a Parent whose Child accessed the Holiday Activity and Food Programme

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BOLTON TOGETHER

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023

The Difference We Have Made.

1/Improved quality of life of children and young people through delivery of tailored services to diverse communities

An example of this:

Delivery of new IThrive Counselling Provision for young people in Bolton

2/ Increased the capacity of the voluntary sector to deliver support to children, young people and families.

An example of this

Securing The Preparing for Adulthood Community Inclusion and the Online Safety Programme funding to be distributed to providers.

3/Increased awareness and understanding of the value of voluntary sector provision in Bolton.

An example of this:

Increased referrals into the IThrive Hub and representation on the Children's Board.

4/Increased collaboration between voluntary sector and statutory partners

An example of this:

Joint training and delivery of the Holiday Activity and Food Programme with members and Bolton Council.

5/Retained local investment supporting the local economy through securing investment in local organisations

An example of this:

Securing large commission of £728,663 for the Bolton Together VSCE Family Hub Delivery in Bolton over two years

6/Increased joint working within the children and young people voluntary sector in Bolton

An example of this:

Joint delivery of the Preparing for Adulthood Community Inclusion Project with joint training and good practice shared between delivery organisations and planning the distribution of SEED Funding to wider members.

FINANCIAL REVIEW

This period has again been successful with the Charity generating a surplus of £21,428 compared with a surplus of £71,044 last year.

Principal funding sources

The principal funding sources for the Charity are currently by way of grants received.

Reserves policy

The Board of Trustees has established a reserves policy which appropriately reflects the risks to which the Charity is exposed. In compliance with such policy, it will review regularly both the sum it wishes to hold in unrestricted reserves and the basis for that figure. The reserves policy considers ongoing fixed costs, excludes variable costs and does not consider expenditure which is linked to restricted projects and therefore covered by restricted funds. The Board has established a policy whereby the unrestricted funds not committed or invested in fixed assets or designated for a specific purpose Our policy is to have reserves of a minimum of 100,000 to enable the core functions and staff costs not accounted for in restricted funds to be covered for a one-year period. At this level, the management committee feels that they would be able to continue the current core activities of the charity in the event of a significant drop in funding or other significant issue. This period would allow the Board to consider how the funding would be replaced or the activities changed.

Going concern

After careful analysis of the Charity’s income, expenditure and unrestricted reserves, the Trustees are confident in the Charity’s

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BOLTON TOGETHER

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023

Going concern (continued)….

ability to continue as a going concern and support improved outcomes for children, young people and families in Bolton.

Plans for the Year Ahead

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Induction and training of new trustees

A Trustee induction programme is in place and subject to review through consultation with the existing Board and Chief Executive Officer. . All members are required to undertake training relevant to their adopted role and to increase their own awareness and knowledge of issues relating to the charity’s objectives.

Related parties

Services provided by Bolton Together respond to both local and regional strategies and we continue to be a key member of strategic partnerships within Bolton and Greater Manchester. Our association with other voluntary organisations through collaborative partnership working continues and we have undertaken joint training and delivery of programmes and aim to develop and strengthen this further in the immediate and long-term future.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure that appropriate controls are in place to provide reasonable assurances against fraud and error. There are strict internal controls in relation to financial transactions and an annual review of external factors that may affect the Charity's viability. We continually review our policy and procedures in relation to risk factors at all levels and health and safety controls are in place throughout the organisation.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 08730010 (England and Wales)

Registered Charity number

1163466

Registered office

18 Spa Road Bolton BL1 4AG

Page 6

BOLTON TOGETHER

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023

Trustees

B J Aideed Ms C Bennett Ms L J Darley Ms K D Edwards OBE N A Hutchinson Ms B C Matta M Needham Ms J A Robinson Dr G Smallwood MBE A Warbrick

(appointed 24/5/23) (resigned 17/7/22) (resigned 31/3/23) (appointed 21/10/22)

(appointed 3/4/23)

(appointed 09/05/2022)

Company Secretary A Warbrick

Auditors

SCCA Ltd T/a Stafford & Co Chartered Accountants and Statutory Auditor 3 The Studios 320 Chorley Old Road Bolton Lancashire BL1 4JU

Page 7

BOLTON TOGETHER

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Bolton Together 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 financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, SCCA Ltd T/a Stafford & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 15[th] December 2023 and signed on the board's behalf by:

Mrs L J Darley Trustee

Page 8

Report of the Independent Auditors to the Members of Bolton Together

Opinion

We have audited the financial statements of Bolton Together (the 'charitable company') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement 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).

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:

.

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:

Page 9

Report of the Independent Auditors to the Members of Bolton Together

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.

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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, to detect material misstatements in respect of irregularities, including fraud and error and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion. We obtained an understanding of the legal and regulatory frameworks within which the charitable company and group operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, the Charities Act 2011 together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable company's and the group's ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company and the group for fraud. The laws and regulations we considered in this context for the UK operations were General Data Protection Regulation (GDPR) and Anti-fraud, bribery and corruption legislation.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any

.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing of recognition of income and the override of controls by management, including estimates and judgments. Our audit procedures to respond to these risks included enquiries of management, and the Finance and Trustee Committees about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission, and reading minutes of meetings of those charged with governance.

Owing to the 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, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, 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 non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

Page 10

Report of the Independent Auditors to the Members of Bolton Together

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/auditors responsibilities. This description forms part of our Report of the Independent Auditors

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.

Robert Stafford BA (Hons) FCA (Senior Statutory Auditor) for and on behalf of SCCA Ltd T/a Stafford & Co Chartered Accountants and Statutory Auditor 3 The Studios 320 Chorley Old Road Bolton Lancashire BL1 4JU

Date: 15[th] December 2023

Page 11

BOLTON TOGETHER

Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2023

Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
2
Project delivery
EXPENDITURE ON
Charitable activities
3
Project delivery
General
Prior years project delivery
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
138,557
-
7,200
16,522
93,407
117,129
21,428
108,305
129,733		 Restricted
funds
£
1,063,801
1,063,801
-
-
-
1,063,801
-
-
-		 2023
Total
funds
£
1,202,358
1,063,801
7,200
16,522
93,407
1,180,930
21,428
108,305
129,733		 2022
Total
funds
(Unaudited)
£
768,211
643,066
-
-
54,101
697,167
71,044
37,261
108,305

The notes form part of these financial statements

Page 12

BOLTON TOGETHER

Balance Sheet 31 MARCH 2023

Unrestricted
fund
Notes
£
CURRENT ASSETS
Debtors
10
88,456
Cash at bank
191,958
280,414
CREDITORS
Amounts falling due within one year
11
(150,681)
NET CURRENT ASSETS
129,733
TOTAL ASSETS LESS CURRENT
LIABILITIES
129,733
NET ASSETS/(LIABILITIES)
129,733
FUNDS
12
Unrestricted funds
TOTAL FUNDS		 Restricted
funds
£
30,661
611,488
642,149
(642,149)
-
-
-		 2023
2022
Total
Total
funds
funds
(Unaudited)
£
£
119,117
170,438
803,446
493,949
922,563
664,387
(792,830)
(556,082)
129,733
108,305
129,733
108,305
129,733
108,305
129,733
108,305
129,733
108,305

The financial statements were approved by the Board of Trustees and authorised for issue on 15[th] December 2023 and were signed on its behalf by:

Mrs L J Darley Trustee

The notes form part of these financial statements

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BOLTON TOGETHER

Cash Flow Statement FOR THE YEAR ENDED 31 MARCH 2023

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2023
2022
(Unaudited)
£
£
309,500
208,793
(3)
-
309,497
208,793
309,497
208,793
493,949
285,156
803,446
493,949

The notes form part of these financial statements

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BOLTON TOGETHER

Notes to the Cash Flow Statement FOR THE YEAR ENDED 31 MARCH 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Interest paid
Decrease/(increase) in debtors
Increase in creditors
Net cash provided by operations		 2023
2022
(Unaudited)
£
£
21,428
71,044
3
-
51,321
(90,921)
236,748
228,670
309,500
208,793

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/22 Cash flow At 31/3/23
£ £ £
Net cash
Cash at bank 493,949 309,497 803,446
493,949 309,497 803,446
Total 493,949 309,497 803,446

The notes form part of these financial statements

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BOLTON TOGETHER

Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2023

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.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Grants received from local authorities are credited to income on an accruals basis.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Allocation and apportionment of costs

Expenditure 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.

Taxation

The charity is exempt from corporation tax on its charitable activities.

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 the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

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BOLTON TOGETHER

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023

2. INCOME FROM CHARITABLE ACTIVITIES

Grants
Grants received, included in the above, are as follows
Bolton Clinical Commissioning
Bolton NHS Foundation Trust
National Lottery
Bolton Council
Bolton CVS
GMCVO
3.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Project delivery
-
General
-
Prior years project delivery
16,522
16,522
4.
GRANTS PAYABLE
Project delivery		 2023
Project
delivery
£
1,202,358
2023
£
442,295
250,000
187,121
323,942
-
-
1,202,358
Grant
funding of
activities
Support
(see note
costs (see
4)
note 5)
£
£
1,063,801
-
-
7,200
-
-
1,063,801
7,200
2023
£
1,063,801		 2022
Project
Delivery
(Unaudited)
£
768,211
2022
£
147,501
281,791
88,089
193,476
27,354
30,000
768,211
Totals
£
1,063,801
7,200
16,522
1,087,523
2022
(Unaudited)
£
643,066

continued...

Page 17

BOLTON TOGETHER

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023

4. GRANTS PAYABLE - continued

Grants
Grants received, included in the above, are as follows
Action for Children
Baby Basics
Bolton Lads and Girls Club
Bolton Middlebrook Leisure Trust Limited
Bolton Solidarity Community Association
Bolton Toy Library
Bolton Wanderers Community Trust
Bolton YMCA
Breaking Barriers
Child Action Northwest
Fortalice
The Flowhesion Foundation
GMMH Trust
Homestart Host
Lancashire Outdoor Activities Initiative
The Lancashire Wildlife Trust
Little Bats learning CIC
MHIST
The Proud Trust
Raise the youth
The Sycamore Project
Urban outreach
Youth Leads
Zacs Youth Bar		 2023
Project
delivery
£
1,063,380
2023
£
25,776
8,085
198,928
10,508
8,877
112,373
87,780
45,754
94,554
31,000
157,202
29,451
-
73,028
9,822
29,084
21,616
25,050
5,500
27,000
3,862
28,815
5,837
23,900
1,202,358		 2022
Project
Delivery
(Unaudited)
£
640,676		 2022
Project
Delivery
(Unaudited)
£
640,676
2022
£
19,332
-
121,559
2,800
-
38,034
53,292
15,500
39,365
23,250
86,905
5,300
26,017
45,327
29,280
25,140
3,120
3,240
5,500
6,750
66,804
21,611
2,550
-
640,676

continued...

Page 18

BOLTON TOGETHER

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023

5. SUPPORT COSTS

Management
£
Other resources expended
85,024
General
-
85,024
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Auditors' remuneration		 Governance
Finance
costs
Totals
£
£
£
366
8,017
93,407
-
7,200
7,200
366
15,217
100,607
2023
2022
(Unaudited)
£
£
7,200
-

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

8. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Administration staff		 2023
2022
(Unaudited)
£
£
67,294
46,551
6,364
-
3,017
-
76,675
46,551
2023
2022
(Unaudited)
3
-

No employees received emoluments in excess of £60,000.

continued...

Page 19

BOLTON TOGETHER

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Project delivery
125,145
EXPENDITURE ON
Charitable activities
Project delivery
-
Other
54,101
Total
54,101
NET INCOME
71,044
RECONCILIATION OF FUNDS
Total funds brought forward
37,261
TOTAL FUNDS CARRIED FORWARD
108,305
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accrued Income
Prepayments
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Deferred income
Accrued expenses
Restricted
Total
fund
funds
£
£
643,066
768,211
643,066
643,066
-
54,101
643,066
697,167
-
71,044
-
37,261
-
108,305
2023
2022
(Unaudited)
£
£
3,866
7,460
115,251
162,978
119,117
170,438
2023
2022
(Unaudited)
£
£
108,266
31,671
5,658
-
1,132
-
618,069
504,635
59,705
19,776
792,830
556,082		 Total
funds
£
768,211
643,066
54,101
697,167
71,044
37,261
108,305

continued...

Page 20

BOLTON TOGETHER

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023

12. MOVEMENT IN FUNDS

Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are a
Unrestricted funds
General fund
Restricted funds
Project delivery
TOTAL FUNDS		 At 1/4/22
£
108,305
108,305
Incoming
resources
£
138,557
1,063,801
1,202,358
At 1/4/21
£
37,261
37,261
s follows:
Incoming
resources
£
125,145
643,066
768,211		 Net
movement
in funds
£
21,428
21,428
Resources
expended
£
(117,129)
(1,063,801)
(1,180,930)
Net
movement
in funds
£
71,044
71,044
Resources
expended
£
(54,101)
(643,066)
(697,167)		 At
31/3/23
£
129,733
129,733
Movement
in funds
£
21,428
-
21,428
At
31/3/22
£
108,305
108,305
Movement
in funds
£
71,044
-
71,044

continued...

Page 21

BOLTON TOGETHER

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At 1/4/21
£
37,261
37,261		 Net
movement
in funds
£
92,472
92,472		 At
31/3/23
£
129,733
129,733

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted Funds
Project delivery
TOTAL FUNDS		 Incoming
resources
£
263,702
1,063,801
643,066
1,706,867
1,970,569		 Resources
expended
£
(171,230)
(1,063,801)
(643,066)
(1,706,867)
(1,878,097)		 Movement
in funds
£
92,472
-
-
-
92,472

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

14. ULTIMATE CONTROLLING PARTY

The company was controlled by the Board of Trustees throughout the year under review.

Page 22

BOLTON TOGETHER

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2023

INCOME AND ENDOWMENTS
Charitable activities
Grants
Total incoming resources
EXPENDITURE
Charitable activities
Prior year funding expenses
Funding expenses
Support costs
Management
Wages
Social security
Pensions
Insurance
Telephone
Postage and stationery
Computer expenses
Sundries
Bank interest
Finance
Bank charges
Governance costs
Auditors' remuneration
Accountancy fees
Legal fees
Total resources expended
Net income		 2023
£
1,202,358
1,202,358
16,522
1,063,801
1,080,323
67,294
6,364
3,017
3,509
1,243
-
2,045
1,549
3
85,024
366
7,200
7,459
558
15,217
1,180,930
21,428		 2022
£
768,211
768,211
-
643,066
643,066
46,551
-
-
1,699
616
25
2,673
497
-
52,061
304
-
1,200
536
1,736
697,167
71,044

This page does not form part of the statutory financial statements

Page 23