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REGISTERED NUMBER: 01423297 (England and Wales)




























Financial Statements

for the Year Ended 30 June 2024

for

Bolton Wanderers Development
Association (Chorley) Limited

Bolton Wanderers Development
Association (Chorley) Limited (Registered number: 01423297)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Chairperson's Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Bolton Wanderers Development
Association (Chorley) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs J A Swift
Mrs S Taylor
D Brandwood
D R Blackburn
K L Acton
Mrs A J Bell
S P G Hague


SECRETARY: Mrs J A Swift


REGISTERED OFFICE: Toughsheet Community Stadium
Burnden Way
Lostock
Bolton
Lancashire
BL6 6JW


REGISTERED NUMBER: 01423297 (England and Wales)


AUDITORS: DonnellyBentley Limited
Chartered Accountants
Statutory Auditor
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY


BANKERS: Barclays Bank plc
1 Market Street
Bolton
Lancashire
BL1 1XA

Bolton Wanderers Development
Association (Chorley) Limited (Registered number: 01423297)

Chairperson's Report
for the Year Ended 30 June 2024

The Company is licenced by the Gambling Commission, under the Lotteries legislation, to administer the Goldline, Lifeline and Match-day Golden Goal Lotteries.

This year has proved another difficult year with revenue dropping by £36,037 but savings have been made in all areas of the business which have offset the drop in sales, and net profit to BWFC has remained at the previous year's level.

Savings have been made by: decreasing prizes - £15,025, overhead costs - £1,894, a timing difference on bank charges has reduced this year's costs by £2,880, an increase in untraceable prizes being written off - £3,550, a decrease of payments to third party beneficiaries due to their drop in sales - £10,076. Total savings on expenses £33,425.

Goldline revenue decreased by £27,008 (9.1%) to £269,658 (2023 £296,666).

Lifeline revenue decreased by £8,920 (3.0%) to £284,462 (2023 £293,382).

Match-day Golden Goal decreased by £109 (0.3%) to £41,834 (2023 £41,943).

Overall Revenue decreased by £36,037 (5.7%) to £595,954 (2023 631,991).

Prize costs decreased £15,025 (5.5%) to £257,600 (2023 £272,625). .

Other costs decreased by £4,774 (5.2%) to £87,289 (2023 £92,063)

The net surplus decreased by £12,689 (4.7%) to £258,064 (2023 £270,753).
The net donation to BWFC decreased by £2,613 (1.8%) to £143,308 (2023 £145,921)
The net donation to third party beneficiaries decreased by £10,076 (8.1%) to £114,756 (2023 £124,832).

During 2023/24, a number of projects were completed on behalf of BWFC, with funding totalling £235,089.
Projects included both partial contributions and full costs of : pitch-side LED upgrade, CCTV upgrade, audio description facility, access control upgrade, hospitality east stand upgrade and training ground tactic room.

The world of lotteries is very challenging, with competition from hundreds of charities all competing for the surplus £1 in your pocket, and from the National lottery who pay out £millions in prizes which society lotteries simply can't compete with. In addition, television draws are offering big prizes to make their draws attractive.

Our main customers are Bolton Wanderers supporters and the challenge for 2024/25 is to try to encourage new members by offering incentives to those fans to join and support their football club, whilst keeping expenses at a minimum.

On behalf of all the Bolton Wanderers Directors I would like to thank the lottery staff and agents for their hard work, and the members for their continued loyalty and support.


S Taylor
Chairperson
13 March 2025

Bolton Wanderers Development
Association (Chorley) Limited (Registered number: 01423297)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Cash at bank 165,851 250,063

CREDITORS
Amounts falling due within one year 4 165,851 250,063
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

-


RESERVES - -

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:




Mrs S Taylor - Director



Mrs J A Swift - Director


Bolton Wanderers Development
Association (Chorley) Limited (Registered number: 01423297)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Bolton Wanderers Development Association (Chorley) Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
Income is derived from registered lottery activities which were attributable to the year. Income for lotteries expiring in the following year is carried forward as deferred income.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Expenditure
Expenditure relates to the specific cost of individual lotteries which expired in the year. Expenditure on lotteries expiring in the following year is carried forward as deferred expenditure.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price. Any losses arising from impairment are recorded in the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances in hand and at bank.

Leasing
Rentals payable under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the period of the lease.

Donations to beneficiaries
Payments to bodies operating third party lotteries are treated as donations to beneficiaries.

Going Concern
The financial statements have been prepared on the going concern basis. The directors are confident that the company will be able to meet its obligations as they become due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Bolton Wanderers Development
Association (Chorley) Limited (Registered number: 01423297)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 118,215 200,228
Accrued expenses 5,000 3,420
Deferred income 42,636 46,415
165,851 250,063

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,950 1,950

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Catherine Cole FCA (Senior Statutory Auditor)
for and on behalf of DonnellyBentley Limited

7. RELATED PARTY DISCLOSURES

Other creditors includes £82,081 (2023 - £172,363) due to Bolton Wanderers Football & Athletic Company Limited.

Other creditors also includes a trade creditor of £22,430 (2023 - £10,860) in respect of Bolton Wanderers Football & Athletic Company Limited.

During the year, the company made repayments of £235,089 (2023 - £223,042) to Bolton Wanderers Football & Athletic Company Limited. These were used by the club as contributions towards the cost of projects carried out by the club.

The donation to Bolton Wanderers Football & Athletic Company Limited is made up as follows:

2024 2023
£    £   

Surplus for the year before interest and taxation 258,064 270,753
Taxation - -
Net income for the year 258,064 270,753

Donations to third party beneficiaries (114,756 ) (124,832 )
Net donation to Bolton Wanderers Football & Athletic Company
Limited

143,308

145,921


Bolton Wanderers Development
Association (Chorley) Limited (Registered number: 01423297)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. LIMITED BY GUARANTEE

The liability of the members is limited by guarantee.

Every member of the association undertakes to contribute to the assets of the association, in the event of the same being wound up while he is a member, or within one year after he ceases to be a member, for payment of the debts and liabilities of the association contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required not exceeding £1.

If upon winding up or dissolution of the association there remains after the satisfaction of all its debts and liabilities, any property whatsoever the same shall not be paid to or distributed among the members of the association, but shall be given or transferred to or otherwise applied for the benefit of the Bolton Wanderers Football Club and if and so far as effect cannot be given to such provision, then to some charitable object.

9. AGENTS AND THIRD PARTY BENEFICIARIES

Other creditors also includes £8,034 (2023 - £7,974) owed to Goldline and Lifeline agents choosing to save their commissions and £5,226 (2023 - £9,031) due to third party beneficiaries.