BEDFORD SPORTS FOUNDATION
Charity No: 1052843
Company No: 0￿79201
BEDFORD SPORTS FOUNDATION
(A company limited by guarantse)
REPORT AND CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31ST AUGUST 2024

BEDFORD SPORTS FOUNDATION
Contents
Company information
Trustees, annual ￿pOrt
Independent Examin6r's report
Consolid8ted statement of financial actiwties
Consolldatsd balance sheet
Notes to th6 financial ststements

BEDFORD SPORTS FOUNDATION
Company Infonnation
For the year ended 31st August 2024
Incorporated:
In England on 13tt) January 1993
Regi6tratlon Numbor:
02779201
Charity Number-
1052843
Prlnclpal Address:
clo Bedford Sports & Hockey Centre
Chester Road
Bedford
Bedfordshire
MK40 4HL
Trusteos:
Mr M B M¢Nulty
Mrs A Brookes
Mr M C Riley
S•crètary:
Mrs A Brookes
Reglstered Office:
First Floor, Woburn Court
2 Railton Road
Woburn Road Industrial Estatè
Kempston
Bedfordshire
MK42 7PN
Bankers:
HSBC PLG
Allhallows
Bedfordshire
Solicitor8:
Pictons
30- 32 Bromham Road
Bedford
Bedfordshire
MK40 2QD

BEDFORD SPORTS FOUNDATION
Trustee8' Annual Report for the year ended 31st August 2024
Tha Trustees pr8sent their report and the financial ststem8nts of the charlty for the year ended 31st August
2024. The trustee$ have adopted th8 provisions of the Stalement of Recommended Practic8 ISORP)
'Accounting and Reporting by Charities" {FRS 102) in preparing the annual r8port and finanGial statements of the
charity.
These financial statements have been prepared in accordan￿ Mth thè Financial Reporting Standard 102 "The
Financial Rgporting Standard applicable in the UK and Republic of Ireland. and the Charities Act 2011. The
financial staternents have been prepared under the historical cost Gonvention.
Trustees of the ¢harity
The Trustees (who are also direclors of Bedford Sports Foundation for the purpose of company lawl during the
period under ramew were as follows..
Mr M B McNulty
Mrs A Brook6s
Mr M Riley
As the company is limited by guarantee, no Trust885 have any direct interests in th8 ownership of the company.
Where the Trustee is a ￿preSentatiVe of a member. this is detail￿ above.
No Trustees r8ceived any remuneration for their services during the period or were reimbursed fDr expenses.
obJe￿[Vo5 and a¢ttvllle$
The main obj'ects of the Charity are to benefft the public by promoting sport and recreatlonal actiwties., to
organise or provide assistance to enable those in educational establishments in the United lfjngdom to play
hockey and other games and sports- and to provide facilitiés for recreation and leisure for thé benefit of thè
gènéral public and others who have by reason of th8ir age, youth, infimity or disablement, poverty or social and
economic circumstsnces, the need for such facilities.
Publlc bènèflt statemont
Our main activltlès are described above. All our charitable focus Is on promoting sport and recr8ational a¢tiviti8s
to further our chafitable purpose 13 for the public benefit. The Trustees have had due regard for the Charity
Commission's guidance on the public benefit of the Charity's activities.
Achiovements and perfomlanee
The Centre continues to operate at an almost full capacity during evenings and weekends - wilh just
Friday haviThJ some availability- always difficult to fill with weekend fixtures.
Naw kltch6n axtractor fan has been instsll8d to compty wth food standard agency regulations
All support from the Trustees and voluntsers is stable. with no foreseen changes to the group ~ being
sufficient to maintain service.
Plans continue to develop and resurface and upgrade lighting to both pitches in the Spring of 2025
Flnancial review
We continue to operats wth one fijll time employee and kn part time employees.
We remain with good cash reserves with no borrowings. ￿1 Revenu8 and Charity Commission reporting
is maintained properly and tim8ly- and the Trustees are reassurgj of the viability and sustainability of
operation as a he￿triY going concern.
Plan8 for futuro perlods
We are developing the pitch relaying plan. and have worked closely V￿th the Schools Campus and
frèeholder (Bedford Borough Counctl) to deliver a sustainable Gentre of first-dass sports and communty
use provtsion for the longer te￿n=
A new lease is being negotiated- with r8written Heads of Tems being discuss8d presently to
more adequately reflect operation$:
An ext&nded cage footprint and MUGA playing surfac8 to benefit School use and tsrgetsd
enclosed training zones..

BEDFORD SPORTS FOUNDATION
Trustees, Annual Report for the year ended 31st August 2024
Environmental improvements- includlng LED floodlighting (with Consequent reduced light
pollution), possible heat recov8ry measures and Improvements to support environmentsl
sustalnability-.
Support to Community groups to deliver a thriving resource hub for the local and wider Borough
requireménts..
Structure, governanco and management
The company is limited by guarantee, incorporated on 13th January 1993. The Charity is governed by Its
Memorandum and Article$ of Association and obtsined charltable status on 9th February 1996. The Charity is
authorised to:
Purchase or acquire such propety as may be ner￿ssary to cary out Sts oblectives.
Borrow or raise money In such a manner and on such security as will fijrther its objects.
Invest and daal with the Charity's monies in a manner, which furthers its objects.
Th8 B8dford Sports Foundation aims to comply with "Good Govèman
A Code for the Voluntary and
Community S8ctort published on behalf of the National Hub of Expertisé in Govemance In June 2005, and
adequate control measures and reviews are operational to regulady r8vr8w this.
The future of the centr8 continue$ to develop In new initiatives and the trustees anticipate the nexl few years to
be both challenging and exciting in direction - though good Management and Governancé has ensured the
busin8ss plan gnd operations remain viable and sustainable.
Trustees are appolnted and inductad in accordance wth guidance in °Good Gov8mance- A Code for the
Voluntary and Community Sectorf.
The Charity is governed by th8 Trustsés and a Council of Management. Executiv6 management is carried out by
an Executive Committee, which meets quarterly. The members of these committees a￿ detailed below.
Matthew Riley (Chairl
Stephen Cav6 (C8nlre Manager)
Brendan McNulty
David Faro¢)qui
Statement of Tru8tee8' rosponsibilitles
The trustees, who are directors of Bédford Sports Foundation, are ￿sponsible for preparing the Trust88S'
Annual Report and the financial ststements in accordance with applicable law and United Kingdom A¢¢ounting
Standards (United Kingdom Gèn8rally Accepted Accounting practi￿).
Company law requires the trustees to prapare financial statements for each financial year. which give a true and
fair Mew of the state of affairs of the charltablè company and of the Incoming resourc89 and application of
resources, including the in¢ome and 8xpenditure, of the charltable company for that period. In preparing th8se
financial statements, the trustees are required to:
Select suitable accounting policies and then apply them consistèntly.
Observe the methods and prin¢iples in the Charities SORP 2015 (FRS 102),.
make judgements and estimates that are reasonablé and prudent.
stats wheth8r applicable UK Accounting Standards have been followed, subjèct to any material
departures disclosed and explained In the financial ststsments,. and
prepare the financial statements on the golng ¢on¢em basis unless it is inappropriats to presume that
the charitsble company will continue in operation.
The rèport has been prepared hawng taken advantage of the small comp8nies' exemption in the Companies Act
2006.
Mr M Riley, Trusteè
On behalf of Bedford Sports Foundation
-i-
Dat&

BEDFORD SPORTS FOUNDATION
Independent Examlner's report to the Trustees of
Bedford Sports Foundation for the year ended 31st August 2024
I report on the accounts of th8 charity for th8 P8rit)J ended 31. August 2024, whlch are set out on pages
5t013.
Rgspoctive responslbilltles of tNstses and examiner
As the charity trustees of the company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in aGcordan¢e wth the requirements of the Companies
Act 2006 (the 2006 ACV).
Hamng satisfied myself that the accounts of the company are not ￿qUired to ￿ audited under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examination of your
company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Acv). In
carrying out my examination I have followed th8 Directions given by the Charity Commission under
section 145(5)(bl of the 2011 ACL
Indopandont 0xamine￿$ statement
I have completed my examination. I confim that no matters have come to my attention in connection
V￿th th8 8xaminats.on giving me cause to believe that in any material respert
accounting records were not kept in résp8Ct of the company as required by section 386 of the 2006
Artor
the 8¢¢ounts do not accord V￿th thos8 records.. or
the accounts do not comply with the a¢￿UntIng requirements of section 396 of the 2006 Act other
than any requirement that the accounts give a 'true and fair view, which 1$ not a matter considered
as part of an indepeNlent examination. or
the accounls have not been prepared in accordance ￿th the methods and principles of the
Statement of Recommended Practlc6 for accounting and ￿pOrting by charities applicable to
charities preparing their accounts in accordance with the Financlal Reportlng Standard applicable
in the UK and Republic of Irèland {FRS 1021.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to bè
reached.
Alb8rt0 Di Lorenzo FCA
HW Bedford Limited
Wobum Court
2 Railton Road
Woburn Road Industrial Estate
K8mpston
Beds
MK42 7PN
Dats.....................................................

BEDFORD SPORTS FOUNDATION
Consolidated Statement of Financial Actlvltles for the year ended 31st August 2024
UnMstri¢ted R￿rIcted
Funds
Funds
Totsl
2024
Total
2023
Nots8
Incomlng Rasourc08
Ineomiryq resour￿9 from generated funds..
Charitable activities
Donations and gift5
Activities for generating fund5:
Trading aCti￿tIeS
23,562
23,562
10,535
127,534
127,534
133.729
Total In¢oming resources
151,096
151,096
144,264
Re80urce8 exponded
Charitsble activities
43,877
13,791
57,668
51,818
Other eX￿ndItUre
86.044
90,748
Total expenditure
129.921
13,791
143.712
142,566
Net In¢omel{expenditure}
befor8 transfers
21,175
(13,7911
7,384
1,698
Transfers between funds
(11,350)
11,350
Net Incomel{oxpenditure)
9.825
<2,441)
7,384
1,698
Fund balances brought tO￿ard at 1st September
2023
118.514
63,282
181.796
180,098
Fund balances Carried forward at 315t August
2024
128,339
60,841
189,180
181.796
All income and expenditure derive from continuing activlties.

BEDFORD SPORTS FOUNDATION
Company registratlon number: 02779201
Consolidated and Charity Balance Sheets as at 31st August 2024
Group
Group
2024
2023
Charlty
2024
Charity
2023
Notes
Fixed assets
Tangible ass8ts
Investments
60,970
63,468
60,841
40,002
63,282
40,002
60,970
63,468
100,843
103,284
Current as8ets
Stocks
Debtors: amounts falling due within on8 year
Cash at bank and in hand
1,407
4,623
131,328
1,494
4,710
120.319
10
4.023
98.085
37,913
43,748
137.358
126,523
102,108
81,661
Cr•dltors: amounts falllng due within ono year
11
(9,513)
{8,561)
114,190)
13,728)
Net currant as80ts1lliabllltle$)
127,845
117,962
87,918
77,933
Total as8¢ts le88 currant Ilabllltl08
188,815
181,430
188,761
181,217
Net assets
188.815
181,430
188,761
181,217
Funds:
Unre8tri¢ted funds
General funds
127,699
118,148
127,920
117,935
127,974
118,148
127.920 117.935
Re8tr1ctod funds
60,841
63,282
60,841
63,282
Total funds
13
188,815
181,430
188,761
181,217
For the year ending 31 st August 2024, the company was entitl8d to exemption from audit under section 477 of
the Compani8s Act 2006 relallng to small companiés.
No member8 have requiréd the company to obtaln an audit of its accounts for the y8ar in question in accordance
with section 476 ofthe Companies Act 2006.
The directors adfnowfedge their r8sFonsibility for complying with the requirements of the Act with respect to
accounting records and for the preparation of the accounts.
The financial ststements have been prepared in accordance with the Financlal Reporting Slandard 102 °The
Reporting Standard appllcable in the UK and Republic of Ireland" and in accordanc& wSth the special provisions
of Part 15 of the Companies Act 2006 relating to small companies regime, and wére approved by the Board of
Trustees on
Mr M Riley, Trustee
Date

BEDFORD SPORTS FOUNDATION
Notes forniing part of the flnancial statements
for the year ended 31st August 2024
A¢¢ounting pollclos
la) General Infonnatlon and ba818 of prèparatlon
Bedford Sports Foundation is a private company limited by guarant88 in England & Wales. In the evenl of
the charity being wound up, th8 liability in respect of the guaran188 is limited lo £1 per member of the
charity. The address of the regist8red office is given in the charity information on page 1 of these financial
ststements. The naluré of the charty's operatlons and principal aotivi118s ar8 the hir8 of sports facilities to
local clubs, indlviduals and schools.
The charity constitutes a public benefit entity as defined by FRS 102. The financi81 stat8m8nts have beèn
prepared undèr the historical ¢ost convention and in accordance with the Financial Reporting Standard
102 'The Reporting Standard appliGable in the UK and Republic of Ireland and the Charity SORP
{FRS1021.
The statement of flnancial activities ISOFAI and balance sheet consolidate the financial statements of the
charity and ils subsidlary undertaking. The results of the subsldiary are consolidated on a line by line
basis.
The charity has availad itself of Paragraph 4(1) of Schedule 1 of thè Small Companies and Groups
(Accounts and Directors, Report) Regulations 2008 and adapted the Companles Act fomals to reflect thè
special natur8 of the charity's activitles. No separat6 SOFA has bè8ri presented for the charity alon8 as
P8mltted by Section 408 of th8 Companies Act 2006.
The signlficant accounting policres applied in the prèparation of these financial statements are set out
below. These policies hava bgen consistently applied to all years presented unless othewse slated. The
financial statements ara presented in sterfing which is the fun¢tional currency of the company and rounded
to Ihe nearest £.
(bl
Fund accounting
General funds are unr8Stri¢ted funds which are available for us8 8t the discretion of the trustees in
ftirtherance of the gen8ral objectives of the charty and which have not bean designated for other
purposes.
Designated fund8 comprlse unrestricted funds that have been set aside by the trustees frjr particular
purposes. The aim and us6 of each designated fund is set out in the notes to th8 financial statements.
Reslricled funds ar8 funds whlch are to be used in accordance wth speciffc restriction8 imposed by
donors or which have béen raised by the charity for particular purposes. The cost of raising and
administering such funds are charged against the specific fund. The aim and use of each restrictsd fund is
set out in the notes to the financial statéments.
{0)
Incoming re8ourees
All incoming r8source8 are included in the SOFA when the charity is lagally entitled to the incom6 and the
amount can be qu8nliffed with r8asonable accura¢y. For legacies, entitl8m8nl is the eadler of the charrty
being noUffed of an imp8nding distribution or the legacy being received.
Gifts in kind donaled for distribution are included at valualon and recognised as income when they a
distributed to the projects. Gifts donated for résale are included as incom8 when th8y ar8 sold. Donabj
facilitiés ar8 included at the value to the charity whère this can be quantified and a third paty is bearing
the cost. No amounts ar8 Included in th& ffnan¢ial statsments for servlce$ donated by volunteers.

BEDFORD SPORTS FOUNDATION
Notes fomilng part of the financlal statements
for the year ended 31st August 2024
(dl
Re8oureès expended
All expenditure 15 accounted for on an accruals basis and has been classified under headings that
aggregate all rosts related to the category. Where costs cannot be directly attributed to particular
headings they have been allocated to activities on a basis consistent with use of the resources. Premises
overheads have been allocated on a floor area basis and other overheads have been allocated on the
basis of the head count
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of
disseminating information in support of the charitable activibes. Support costs are those costs incurred
directly in support of expenLliture on the objects of the charity and include project management carried out
at Headquarters. Management and administration costs are those incurred in connection with
administration of the charity and compliance with constitutional and statutory requirements.
Ra8erve8 poII¢y
le)
It 18 the aim of the Trusteès to maintain unrestricted r8serves sufflclanl to cover six months 0￿rhead
expgnditur8.
(o
Investment pollcy
The investment policy is lo onty hold low risk investments. in order to saf8guard the Charity's funds.
(g} Tangible flxed a8$8ts and depracla￿on
Tangible fixed assets are slated at cost
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost over their
expected useful economic lives as follows..
Astroturf Pitches
Pavilion Building
Propety Improvements
Fixtures & Fittings
Office Equipment
straight line lend of usefiJl life Aug 2022)
straight line lend of lease Aug 20321
20 /0 reducing balance
20 - 25 /0 reducing balance
25Yo reducing balance
{h) Investments
Investrnents are slated at market value at the bglance she8t date.
Sto¢k
stock5 are staled at the lower of c05t and estimatèd selling prfce less costs to complete and sell. Cost
includ85 all costs of purchase, costs of conversion and other costs InCUr￿d in bringing stock to its present
I￿ation and condition. Cost 1$ calculated using the first4n, first-out fomula. Provision is made for
damaged, obsol8t8 and slow-movlng stock wh&re appropriat8.

BEDFORD SPORTS FOUNDATION
Notes formlng part of the financlal statements
for the year ended 31st August 2024
Donation8 and 91ft8
2024
2023
Indivlduals
Gift aid incomg
other income
10,993
8,129
4,440
10,535
23,562
10,535
Tradlng actlvitles
2024
2023
Pitch hire
Room hire
Bar and food sal88
76,728
11,471
39,335
79,950
10,459
43,320
127,534
133,729
Total resource$ expendèd
2024
2023
Expendlturo on charitable activlties
Wages and support costs
Governance costs
Otherexpenditure
38,919
3,855
98,552
39,271
4,743
98,552
Total resources expended
143,712
142,566
Othef di￿￿ costs include..
2024
2023
Governan￿ costs (including 8xpenses and benefits in kindl..
Governance costs
Depreciation- on owned asséts
3,855
13,848
4.743
13.365
Total other direct C051s
17,703
18.108

BEDFORD SPORTS FOUNDATION
Notes formlng part of the financlal statements
for the year ended 31st August 2024
S Employees, & Tru8t•os' remuneration
The average number of employe8s was 4 (2023.. 51. No ￿ployee re￿Ived emoluments of more than £60,000.
No remuneration or benefits in kind were paid to any trustee during the year.
Staff costs
2024
2023
Wages and salaries
Social security costs
Pension costs
34,614
3,239
1,065
34,866
3,408
997
38.919
39,271
Tangible fixed assets (Groupl
Astroturf
And Cricket
pitches
Plant,
Fixturas
& Fittings
Pavillon
Property
Building Improvement8
Total
Cost
At 1 Septemb8r 2023
Additions
330,549
104,434
108,976
3,500
43,529
7,850
587.488
11.350
At 31 August 2024
330,549
104,434
112.476
51,379
598,838
Dopretlation
At 1 September 2023
Charge for year
330.549
102.794
181
54.070
11.681
36.607
1.986
524,020
13.848
At 31 August 2024
330,549
102,975
65,751
38,593
537,868
Net Ix)ok value
At 31 August 2024
1,459
46,725
12,786
60,970
At 31 August 2023
1,640
54,906
6.922
63,468
io

BEDFORD SPORTS FOUNDATION
Notes forming part of the financlal statements
for the year ended 31st August 2024
Tanglble flxed assets (Charlty)
Astroturf
And Crfcket
pitches
PlanL
Fixtures
& Fittlngs
Pavllion
Property
Building Improvements
Totsl
C03t
At 1 September 2023
Additions
330,549
104,434
108,976
3,500
27,591
7,850
571,550
11,350
At 31 August 2024
330,549
104.434
112,476
35,441
582,WO
Depreclatlon
At 1 Septemb6r 2023
Charge for year
330,549
102.794
181
54,070
11,681
20,855
1,929
508.268
13,791
At 31 August 2024
330.549
102.975
65,751
22,784
522,059
Not book value
At 31 August 2024
1,459
46.725
12,657
60,841
At 31 August 2023
1,640
54,906
8,736
63.282
Flxed asset inve8tments
Investments
In Trading
Subsidiary
Loan to
Subsidiary
Charlty
Cost as at 1st September 2023
40,QQQ
Cost as at 31st August 2024
40,000
The loan to thè subsidiary undertaking is repayable Sn fijll on 314¢ December 2032. Interest is charged on the
loan at 5Vts per annum.
Subsidiary undértaking: Sport for Bedford Limited
Company registration number.. 02816600 {In¢orporated in England & Wales)
Ordinary share$ held.. 100Yo

BEDFORD SPORTS FOUNDATION
Notes fornilng part of the flnancial statements
for the year ended 31st August 2024
10
Debtorn: amounts falling due wlthln one year
Group
2024
Group
2023
Charlty
2024
Charlty
2023
Trade debtors
VAT
Prepayments and other accr￿1 income
Owed by group companies
110
1.431
3,082
330
1,340
3,040
1.421
2,602
1.340
2.575
33,998
4,623
4.710
4.023
37.913
11
Credltors: amounts falllng due wlthln one year
Group
2024
Group
2023
Charlty
2024
Charfty
2023
Trade creditors
Taxation and social security costs
VAT
Other creditors
Owed lo group companies
Accruals and defer￿d income
4,631
3.935
1,159
394
473
1.211
2.428
741
302
11.429
1.550
3,839
2.600
1,300
9,513
8,561
14.190
3.728
12
Securlty
A ¢harge cr8at8d 26 October 2007 was r8gistsred on a piece of land adJacent to Westfield Middle School
together with thè pavilion 8rected thereon by Bedford Borough Council.
13 Slatsrnent of funds
Funds
At 1 Septern￿r
2023
Funds
transfer
At 31 August
2024
Income
Expenditure
General reserve
118,514
{11,350)
151,096
{129,9211
128,339
Total unrestricted fiJnds
118,514
(11,350)
151,096
(129,921)
128,339
Restricted funds..
Pitches
Pavilion
Improvements to centre
1,640
61,642
(181)
(13,610}
1.459
59.382
11,350
Total restricted fiJnds
63,282
11,350
(13,791)
60,841
Total funds
181.796
151.096
{143,712)
189,180
The General reserve represents the free funds of the charity whiGh are not dosignated for particular purposes.
The Pitches and Pawlion fund has been set up to fijnd the costs of improvement work at the centre. which have
been capitalised and are being depreciated over their expected usafvl life.
The Improvement$ to the centre fund VRS set up lo fund the study centre improvements which have been
apitalised and are being depr8ciated over their expe¢tsd us8ful life.
12

BEDFORD SPORTS FOUNDATION
Notes formlng part of the financial statements
for the year ended 31st August 2024
14
Analy¥i8 of group net a8sets between funds
Restricted
funds
General
funds
Total
Fund balancos at
31 August 2024 are represented by".
Tangible fixed a8set5
Current assets
Current liabilities
60,841
129
137,358
(9,513)
60,970
137,358
19,513}
Total nol a8s0ts
60,841
127,974
188,815
13