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← Bedford Sports Foundation

2025-08-31-accounts

BEDFORD SPORTS FOUNDATION

Charity No: 1052843

Company No: 02779201

BEDFORD SPORTS FOUNDATION

{A company limited by guarantee)

REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

318™ AUGUST 2025

BEDFORD SPORTS FOUNDATION

Contents

Company information 1
Trustees’ annual report 2
Independent Examiner's report 5
Consolidated statement offinancial activities 6
Consolidated balance sheet 7
Notestothefinancialstatements 8

BEDFORD SPORTS FOUNDATION

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Company Information For the year ended 31st August 2025

Incorporated: In England on 13°January 1993
Registration Number: 02779201
Charity Number: 1052843
Principal Address: cfo Bedford Sports & Hockey Centre
Chester Road
Bedford
Bedfordshire
MK404HL
Trustees: MrM B McNulty
Mrs A Brookes
MrMC Riley
MrS Sira (appointed 16 October 2025)
Mr D M Appleton (appointed 16 October 2025)
Ms RC Mason (appointed 16 October2025)
Secretary: MrsA Brookes
Registered Office: First Floor, Woburn Court
2 Railton Road
Woburn Road Industrial Estate
Kempston
Bedfordshire

Secretary:

Bankers: Metro Bank

Solicitors: Pictons 30 ~ 32 Bromham Road Bedford Bedfordshire MK40 2QD

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BEDFORD SPORTS FOUNDATION

Trustees’ Annual Report for the year ended 31st August 2025

The Trustees present their report and the financial statements of the charity for the year ended 31st August 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

These financial statements have been prepared in accordance with the Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of ireland” and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Trustees of the charity The Trustees (who are also directors of Bedford Sports Foundation for the purpose of company law) during the period under review were as follows:

Mr M B McNulty Mrs A Brookes Mr M Riley Mr S Sira (appointed 16 October 2025) Mr D M Appleton (appointed 16 October 2025) Ms R C Mason (appointed 16 October 2025)

As the company is limited by guarantee, no Trustees have any direct interests in the ownership of the company. Where the Trustee is a representative of a member, this is detailed above.

No Trustees received any remuneration for their services during the period or were reimbursed for expenses.

Objectives and activities

The main objects of the Charity are to benefit the public by promoting sport and recreational activities; to organise or provide assistance to enable those in educational establishments in the United Kingdom to play hockey and other games and sports; and to provide facilities for recreation and leisure for the benefit of the general public and others who have by reason of their age, youth, infirmity or disablement, poverty or social and economic circumstances, the need for such facilities.

Public benefit statement

Our main activities are described above. Ail our charitable focus is on promoting sport and recreational activities to further our charitable purpose is 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.

Achievements and performance

Having planned the pitch refurbishment project since 2018, we finally gained funding and project approval in March 2025.

Having already tendered the Project in 2024, we were able to move swiftly and appoint contractors for a late spring start. Delivering new surfaces, shock pads, fencing and lighting upgrades, we have now FIH certified surfaces of the highest quality. Together with much volunteer work refurbishing the clubhouse and toilets, we have a facility fit for the next 20 years, and arguably the most impressive hockey facility with the far west of the Eastern Hockey region.

All project delivery and fundraising was managed by a smail executive group acting entirely voluntarily — at considerable cost saving to the Centre. Pitches have been certified to international standards — and e have already hosted Masiers level International Teams, with both Home and European Nations booking an International Tournament in late spring 2026.

The Centre continues to operate at an almost full capacity during evenings and weekends — and our second phase training pitches will deliver a sustainable business plan going forward. We are also finalising a revisionary lease with the Council to secure the site operation until 2057 and have sufficient succession planning in action to continue managed and effective operations through this period.

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Having instigated swifter and better documented payments with contactless and direct payments aiding cashflow we were able to deliver pitch funding effectively.

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BEDFORD SPORTS FOUNDATION

Trustees’ Annual Report for the year ended 31st August 2025

All support from the Trustees and volunteers is stable, with an additional three new Trustees supplementing the Management Team.

Financial review

Despite delivering a 750K Project, we still maintain significant cash reserves, sufficient to deliver phase 2 works with some additional fundraising. We should acknowledge Bedford Borough Council particularly for the largest grant.

We remain with good cash generation — in mind of the limited turnover of the operations — with no borrowings. All Revenue and Charity Commission reporting is maintained properly and timely — and the Trustees are reassured of the viability and sustainability of operation as a healthy going concern.

Plans for future periods

Structure, governance and management

The company is limited by guarantee, incorporated on 13th January 1993. The Charity is governed by its Memorandum and Articles of Association and obtained charitable status on 9th February 1996. The Charity is authorised to:

The Bedford Sports Foundation aims to comply with "Good Governance — A Code for the Voluntary and Community Sector’ published on behalf of the National Hub of Expertise in Governance in June 2005, and adequate contro! measures and reviews are operational to regularly review this.

The future of the centre continues to develop in new initiatives and the trustees anticipate the next few years to be both challenging and exciting in direction - though good Management and Governance has ensured the business plan and operations remain viable and sustainable.

Trustees are appointed and inducted in accordance with guidance in “Good Governance — A Cade for the Voiuntary and Community Sector”.

The Charity is governed by the Trustees and a Council of Management. Executive management is carried out by an Executive Committee, which meets quarterly. The members of these committees are detailed below. Matthew Riley (Chair) Stephen Cave (Centre Manager) Brendan McNulty David Farooqui

Statement of Trustees’ responsibilities

The trustees, who are directors of Bedford Sports Foundation, are responsible for preparing the Trustees’ Annual Report 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 these financial statements, the trustees are required to:

BEDFORD SPORTS FOUNDATION

Trustees’ Annual Report for the year ended 31st August 2025

The report has been prepared having taken advantage of the small companies’ exemption in the Companies Act 2006.

Mr M Riley, Trustee

On behalf of Bedford Sports Foundation

Date

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BEDFORD SPORTS FOUNDATION

Independent Examiner’s report to the Trustees of Bedford Sports Foundation for the year ended 31st August 2025

| report on the accounts of the charity for the period ended 31°! August 2025, which are set out on pages 6 to 14.

Respective responsibilities of trustees 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 accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’.

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2071 Act.

Independent examiner’s statement

| have completed my examination. 1 confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act: or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102),

| 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 be reached.

Alberto Di Lorenzo FCA HW Bedford Limited Woburn Court 2 Railton Road Woburn Road Industrial Estate Kempston Beds MK42 7PN

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BEDFORD SPORTS FOUNDATION

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Consolidated Statement of Financial Activities for the year ended 31st August 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |Notes|Funds|Funds|2025|2024| |£|£|£|£| |Incoming|Resources| |Incoming|resources|from|generated|funds:| |Charitable|activities| |Donations|and|gifts|2|36,159|688,603|724,762|23,562| |Activities|for|generating|funds:| |Trading|activities|3|123,169|-|123,169|127,534| |Total|incoming|resources|159,328|688,603|847,931|151,096| |Resources|expended| |Charitable|activities|49,268|18,442|67,710|57,668| |Other|expenditure|91,215|-|94,215|86,044| |Total|expenditure|4|140,483|18,442|158,925|143,712| |Net|income/{expenditure)| |before|transfers|18,845|670,161|689,006|7,384| |Transfers|between|funds|(35,880)|35,880|-|-| |Net|income/(expenditure}|(17,035)|706,044|689,006|7,384| |eons|balances|brought forward|at|ist September|428,339|60,841|489,180|481,796| |boos|balances carried forward|at 31st August|411,304|766,882|878,186|489,180|

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All income and expenditure derive from continuing activities.

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Company registration number: 02779201 Consolidated and Charity Balance Sheets as at 31st August 2025

Group Group Charity Charity
2025 2024 2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 7,8 766,968 60,970 766 882 60,841
Investments 9 - - 40,002 40,002
766,968 60,970 806,884 100,843
Currentassets
Stocks 1,344 1,407 - -
Debtors: amounts falling due within one year 10 105,531 4,623 101,358 4,023
Cash at bank and in hand 28,060 131,328 16,228 98,085
134,935 137,858 117,586 102,108
Creditors: amounts falling duewithin one year 41. (24,082) (9,513) (46,707) (14,190)
Netcurrentassets/(liabilities) 110,853 127,845 70,879 87,918
Totalassets less current liabilities 877,821 188,815 877,763 188,761
Net assets 877,821 188,815 877,763 188,761
Unrestricted funds
General funds 110,939 127,974 110.881 127,920
410,939 127,974 110,881 127,920
Restricted funds 766,882 60,844 766,882 60,841
Totalfunds 13 877,821 188,815 877,763 188,761

For the year ending 31st August 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of the accounts.

The financial statements have been prepared in accordance with the Financial Reporting Standard 102 “The Reporting Standard applicable in the UK and Republic of Ireland” and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies regime, and were approved by the Board of Trustees on

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Mr M Riley, Trustee
Ish ef...
Date
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BEDFORD SPORTS FOUNDATION

Notes forming part of the financial statements for the year ended 31st August 2025 1 Accounting policies

Bedford Sports Foundation is a private company limited by guarantee in England & Wales. in the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are the hire of sports facilities to focal clubs, individuals and schools.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard 102 “The Reporting Standard applicable in the UK and Republic of Ireland” and the Charity SORP (FRS102).

The statement of financial activities (SOFA) and balance sheet consolidate the financial statements of the charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The charity has availed itself of Paragraph 4(1) of Schedule 1 of the Smail Companies and Groups (Accounts and Directors’ Report) Regulations 2008 and adapted the Companies Act formats to reflect the special nature of the charity’s activities. No separate SOFA has been presented for the charity alone as permitted by Section 408 of the Companies Act 2006.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to ail years presented unless otherwise stated. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

(b) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been 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 restricted fund is set out in the notes to the financial statements.

All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

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BEDFORD SPORTS FOUNDATION

Notes forming part of the financial statements for the year ended 31st August 2025

(d) Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate ail costs 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 activities. Support costs are those costs incurred directly in support of expenditure 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.

Reserves policy

It is the aim of the Trustees to maintain unrestricted reserves sufficient to cover six months overhead expenditure.

The investment policy is to only hold low risk investments, in order to safeguard the Charity’s funds.

Tangible fixed assets are stated 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 straight line (end of useful life July 2043)
Pavilion Building
Property Improvements
Fixtures & Fittings
OfficeEquipment		 straight line (end ofleaseAug 2032)
20% reducing balance
20 - 25% reducing balance
25%reducingbalance

Investments are stated at market value at the balance sheet date.

(i) Stock

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes alt costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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Notes forming part of the financial statements for the year ended 31st August 2025

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Donations and gifts		 2025 2024
Grant income - restricted 500,000 -
Individuals - restricted 188,603 -
688,603 -
individuals 23,315 10,993
Gift aid income 7,189 8,129
Otherincome 5,655 4,440
36,159 23,562
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Trading activities		 2025 2024
Pitch hire 77,187 76,728
Room hire 8,905 11,471
Bar and food sales 37,077 39,335
123,169 127,534
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Total resources expended		 2025 2024
Expenditure on charitable activities
Wages and support costs 41,565 38,919
Governance costs 5,618 3,855
Other expenditure 411,742 400,938
Total resources expended 158,925 143,712
Other direct costs include: 2025 2024
Governance costs (including expenses and benefits in kind):
Governance costs 5,618 3,855
Depreciation — unrestricted 43 57
Depreciation — restricted 18,442 13,791
Totalotherdirectcosts 24,103 17,703

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Notes forming part of the financial statements for the year ended 3ist August 2025

5 Employees’ & Trustees’ remuneration

The average number of employees was 2 (2024: 1}. No employee received emoluments of more than £60,000. No remuneration or benefits in kind were paid to any trustee during the year.

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Staff costs
2025 2024
Wages and salaries
Social security costs
Pension costs		 36,824
3,732
4,009		 34,614
3,239
1,065
41,565 38,919

7 Tangible fixed assets (Group)

Astroturf
And Cricket
pitches		 Pavilion
Building		 Property
Improvements		 Plant,
Fixtures
& Fittings		 Total
Cost
At 1 September2024
Additions
Written off		 330,549
674,834
(330,549)		 104,434
-
-		 112,476
41,649
-		 51,379
8,000
-		 598,838
724,483
(330,549)
At 31 August2025 674,834 104,434 154,125 59,379 992,772
Depreciation
At 1 September2024
Charge for year
Written off		 330,549
2,699
(330,549)		 102,975
181
-		 65,751
42,230
-		 38,593
3,375
-		 537,868
18,485
(330,549)
At31 August2025 2,699 103,156 77,981 41,968 225,804
Net book value
At 31 August2025 672,135 1,278 76,144 17,411 766,968
At31August2024 - 1,459 46,725 12,786 60,970

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Notes forming part of the financial statements for the year ended 31st August 2025

8 Tangible fixed assets (Charity)

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|||||||||| |---|---|---|---|---|---|---|---|---| |Astroturf|Plant,| |And|Cricket|Pavilion|Property|Fixtures| |pitches|Building|Improvements|&|Fittings|Total| |£|£|£|£|£| |Cost| |At|1|September|2024|330,549|104,434|112,476|35,441|582,900| |Additions|674,834|-|41,649|8,000|724,483| |Written|off|(330,549)|-|-|-|(330,549)| |At 31 August 2025|674.834|104,434|164,125|43,441|976 834| |Depreciation| |At|1|September|2024|330,549|102,975|65,751|22,784|522,059| |Charge|for year|2,699|181|12,230|3,332|18,442| |Written|off|(330,549)|-|-|-|(330,549)| |At|31|August 2025|2,699|103,156|77,981|26,116|209,952| |Net|book|value| |At|31|August 2025|672,135|1,278|76,144|17,325|766,882| |At|31|August 2024|-|1,459|46,725|12,657|60,841| |9|Fixed|asset|investments|

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|||||||| |---|---|---|---|---|---|---| |Investments| |Loan|to|In|Trading| |Subsidiary|Subsidiary| |Charity| |Cost as|at|1st|September|2024|40,000|2| |Cost as|at|31st August|2025|40,000|2|

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The loan to the subsidiary undertaking is repayable in full on 318t December 2032. Interest is charged on the loan at 5% per annum.

Subsidiary undertaking: Sport for Bedford Limited Company registration number: 02816600 (incorporated in England & Wales) Ordinary shares held: 100%

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Notes forming part of the financial statements for the year ended 31st August 2025

10 Debtors: amounts falling due within one year

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Debtors: amounts falling due within one yearamounts falling due within one yearfalling due within one yeardue within one year		 Debtors: amounts falling due within one yearamounts falling due within one yearfalling due within one yeardue within one yearwithin one year Debtors: amounts falling due within one yearamounts falling due within one yearfalling due within one yeardue within one yearwithin one yearone yearyear Debtors: amounts falling due within one yearamounts falling due within one yearfalling due within one yeardue within one yearwithin one yearone yearyear
Group
2025
£		 Group
2024
£		 Charity
2025
E		 Charity
2024
£
Trade debtors 825 110 - -
VAT
Prepayments and otheraccrued income		 100,059
4,647		 1,431
3,082		 97,654
3,704		 1,421
2,602
105,531 4,623 101,358 4,023
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Creditors: amounts falling		 due within one year
Group
2025		 Group
2024		 Charity
2025		 Charity
2024
Trade creditors 4,774 4,631 515 1,211
Taxation and social security costs
VAT
Other creditors
Owed togroupcompanies
Accrualsand deferred income		 940
-
170
-
18,198		 -
744
302
-
3,839		 -
-
-
29,427
16,765		 -
-
-
11,429
1,550
24,082 9,513 46,707 14,190
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Security
A charge created 26 October 2007 was registered on a piece of land adjacent to Westfield Middle School
together with the pavilion erected thereon by Bedford Borough Council.
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Statement of funds
Funds At 1 September
2024		 Funds
transfer		 Income Expenditure At 31 August
2025
General reserve 128,339 (35,880) 159,328 (140,483) 111,304
Total unrestricted funds 128,339 (35,880) 459,328 (140,483) 111,304
Restricted funds:
Pitches
Pavilion
improvements to centre		 -
1,459
59,382		 (13,769)
-
49,649		 688,603
-
-		 (2,699)
(181)
(15,562)		 672,135
1,278
93,469
Total restricted funds 60,841 35,880 - (18,442) 766 882
Totalfunds 189,180 - 847,931 (158,925) 878,186

A charge created 26 October 2007 was registered on a piece of land adjacent to Westfield Middle School together with the pavilion erected thereon by Bedford Borough Council.

The General reserve represents the free funds of the charity which are not designated for particular purposes. The Pitches and Pavilion fund has been set up to fund the costs of improvement work at the centre, which have been capitalised and are being depreciated over their expected useful life. The Improvements to the centre fund was set up to fund the study centre improvements which have been capitalised and are being depreciated over their expected useful life.

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Notes forming part of the financial statements for the year ended 31st August 2025

14 Analysis of group net assets between funds

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|||||||| |---|---|---|---|---|---|---| |Restricted|General| |funds|funds|Total| |£|£|£| |Fund balances|at| |31|August 2025|are|represented|by:| |Tangible|fixed|assets|766,882|86|766|968| |Current|assets|-|434,935|134,935| |Current|liabilities|-|(24,082)|(24,082)| |Total|net assets|766,882|110,939|877,821|

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