**REGISTERED COMPANY NUMBER: 05056480 (England and Wales) REGISTERED CHARITY NUMBER: 1106608** 

**Report of the Trustees and Financial Statements for the Year Ended 31 March 2024 for THE BRADFORD BULLS FOUNDATION** 

Registered Address: Odsal Stadium Bradford West Yorkshire BD6 1BS 



**THE BRADFORD BULLS FOUNDATION** 

**Contents of the Financial Statements for the Year Ended 31 March 2024** 

||Page|
|---|---|
|Report of the Trustees|1|
|Independent Examiner's Report|2|
|Statement of Financial Activities|3|
|Balance Sheet|4 to 5|
|Notes to the Financial Statements|6 to 10|
|Detailed Statement of Financial Activities|11|





## **THE BRADFORD BULLS FOUNDATION** 

## **Report of the Trustees for the Year Ended 31 March 2024** 

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 2024. 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 2015). 

## **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. 

## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 

05056480 (England and Wales) 

## **Registered Charity number** 

1106608 

## **Registered office** 

Odsal Stadium Bradford West Yorkshire BD6 1BS 

## **Trustees & Directors** 

W H L Evans – resigned 21 May 2024 S Cater (Vice-chair) S P Readyhough (Treasurer) S Elphick B A Fagborun T J Barnett C W F Mason (Chair) N J Wood – appointed 12 September 2023 P M Sharp – appointed 16 April 2024 

## **Company Secretary** 

S P Readyhough 

## **Independent examiner** 

Armstrong Watson Audit Limited York House Thornfield Business Park Northallerton DL6 2XQ 

Approved by order of the board of trustees on 19 September 2024 and signed on its behalf by: 

S P Readyhough - Trustee 

Page 1 



## **Independent Examiner's Report to the Trustees of THE BRADFORD BULLS FOUNDATION** 

## **Independent examiner's report to the trustees of THE BRADFORD BULLS FOUNDATION ('the Company')** 

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. 

## **Responsibilities and basis of report** 

As the charity's 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, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

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)]. 

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 be reached 

Simon Turner Armstrong Watson Audit Limited York House Thornfield Business Park Northallerton DL6 2XQ 

Date: 19 September 2024 

Page 2 



## **THE BRADFORD BULLS FOUNDATION** 

## **Statement of Financial Activities** 

## **for the Year Ended 31 March 2024** 

|Unrestricted<br>fund<br>Notes<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations<br>63,502<br>Grants<br>56,489<br>Other Income<br>61,142<br>**Total**<br>181,133<br>**EXPENDITURE ON**<br>Raising funds<br>8,407<br>**Charitable activities**<br>Charitable activities<br>194,725<br>**Total**<br>203,132<br>**NET INCOME/(EXPENDITURE)**<br>(21,999)<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>45,580<br>**TOTAL FUNDS CARRIED FORWARD**<br>23,581|Year Ended<br>Year Ended<br>31.3.24<br>31.3.23<br>Restricted<br>fund<br>Total<br>funds<br>Total<br>funds<br>£<br>£<br>£<br>-<br>63,502<br>26,182<br>99,695<br>156,184<br>150,103<br>-<br>61,142<br>135,167<br>99,695<br>280,828<br>311,452<br>-<br>8,407<br>3,938<br>99,695<br>294,420<br>299,347<br>99,695<br>302,827<br>303,285<br>-<br>(21,999)<br>8,167<br>-<br>45,580<br>37,413<br>-<br>23,581<br>45,580|
|---|---|
|||
|||
|||



The notes form part of these financial statements 

Page 3 



## **THE BRADFORD BULLS FOUNDATION** 

|**Balance Sheet**<br>**At 31 March 2024**<br>Unrestricted<br>fund<br>Restricted<br>fund<br>Notes<br>£<br>£<br>**CURRENT ASSETS**<br>Debtors<br>5<br>8,597<br>-<br>Cash at bank and in hand<br>32,730<br>50,065<br>41,327<br>50,065<br>**CREDITORS**<br>Amounts falling due within one year<br>6<br>(17,746)<br>(50,065)<br>**NET CURRENT ASSETS**<br>23,581<br>-<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>23,581<br>-<br>**NET ASSETS**<br>23,581<br>-<br>**FUNDS**<br>7<br>Unrestricted funds<br>Restricted funds<br>**TOTAL FUNDS**|2024<br>Total<br>funds<br>£<br>8,597<br>82,795<br>91,392<br>(67,811)<br>23,581<br>23,581<br>23,581<br>23,581<br>-<br>23,581|2023<br>Total<br>funds<br>£<br>17,250<br>112,336<br>129,586<br>(84,006)<br>45,580<br>45,580<br>45,580<br>45,580<br>-<br>45,580|
|---|---|---|



The notes form part of these financial statements 

continued... 

Page 4 



## **THE BRADFORD BULLS FOUNDATION** 

## **Balance Sheet - continued** 

## **At 31 March 2024** 

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. 

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. 

The trustees acknowledge their responsibilities for 

- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 

- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies. 

The financial statements were approved by the Board of Trustees on 19 September 2024 and were signed on its behalf by: 

C W F Mason - Trustee 

S P Readyhough - Trustee 

The notes form part of these financial statements 

Page 5 



**THE BRADFORD BULLS FOUNDATION** 

**Notes to the Financial Statements for the Year Ended 31 March 2024** 

## **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 2015)', 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. 

## **Going concern** 

The Trustees have prepared budgets and cost projections that are prudent and show that without careful management and a commitment to income generation that the Charity may have cash headroom pressures. However, as in previous years the Trustees are confident that they will outperform budget and that there are certain discretionary costs that can be actively managed to protect the cash reserves of the Charity.  As such the Trustees deem it appropriate to prepare the financial statements on a going concern basis. 

## **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. 

## **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. 

## **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. 

## **2. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. 

## **Trustees' expenses** 

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. 

Page 6 



**THE BRADFORD BULLS FOUNDATION** 

## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** 

## **3. STAFF COSTS** 

The average monthly number of employees during the year was as follows: 

|||Year Ended|Year Ended|
|---|---|---|---|
|||31.3.24|31.3.23|
|Coaching & administration staff||5|7|
|No employees received emoluments in excess of £60,000.||||
|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**||||
||Unrestricted|Restricted|Total funds|
||fund|fund||
||£|£|£|
|**INCOME AND ENDOWMENTS FROM**||||
|Donations, Grants & Other Income|229,850|81,602|311,452|
|**Total**|229,850|81,602|311,452|
|**EXPENDITURE ON**||||
|Raising funds|3,938|-|3,938|
|**Charitable activities**||||
|Charitable activities|217,745|81,602|243,800|
|**Total**|221,683|81,602|299,347|
|**NET INCOME/(EXPENDITURE)**|8,167|-|8,167|
|**RECONCILIATION OF FUNDS**||||
|**Total funds brought forward**|37,413|-|37,413|
|**TOTAL FUNDS CARRIED FORWARD**|45,580|-|45,580|



## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

Page 7 



## **THE BRADFORD BULLS FOUNDATION** 

## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** 

|**5.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|---|---|---|---|---|---|
|||||2024|2023|
|||||£|£|
||Debtors & prepayments|||8,597|17,250|
|**6.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|||||2024|2023|
|||||£|£|
||Creditors & accruals|||67,811|84,006|
|**7.**|**MOVEMENT IN FUNDS**|||||
|||||Net movement||
|||At|1.4.23|in funds|At 31.3.24|
||||£|£|£|
||**Unrestricted funds**|||||
||Unrestricted||45,580|(21,999)|23,581|
||**Restricted funds**|||||
||Restricted||-|-|-|
||**TOTAL FUNDS**||45,580|(21,999)|23,581|
||Net movement in funds, included in the above are as follows:|||||
|||Incoming||Resources|Movement in|
|||resources||expended|funds|
||||£|£|£|
||**Unrestricted funds**|||||
||Unrestricted|181,133||(203,132)|(21,999)|
||**Restricted funds**|||||
||Restricted||99,695|(99,695)|-|
||**TOTAL FUNDS**|280,828||(302,827)|(21,999)|



Page 8 



## **THE BRADFORD BULLS FOUNDATION** 

## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** 

## **7. MOVEMENT IN FUNDS - continued** 

## **Comparatives for movement in funds** 

|**Comparatives for movement in funds**|||||
|---|---|---|---|---|
|||Net movement|||
||At 1.4.22|in funds|At 31.3.23||
||£|£|£||
|**Unrestricted Funds**|||||
|Unrestricted|37,413|8,167|45,580||
|**Restricted Funds**|||||
|Restricted|-|-||-|
|**TOTAL FUNDS**|37,413|8,167|45,580||
|Comparative net movement in funds, included|in the above are as follows:||||
||Incoming|Resources|Movement|in|
||resources|expended|funds||
||£|£|**£**||
|**Unrestricted funds**|||||
|Unrestricted|229,850|(221,683)|8,167||
|**Restricted funds**|||||
|Restricted|81,602|(81,602)||-|
|**TOTAL FUNDS**|311,452|(303,285)|8,167||



## **8. PENSION COMMITMENTS** 

The Foundation operates a Workplace auto-enrolment compliant pension scheme for its employees, the assets of which are held separately from those of the Foundation in independently administered funds. The pension cost charge for the year amounted to £7,538 (2023 - £6,316). 

## **9. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 31 March 2024 nor the year ended 31 March 2023. 

Page 9 



**THE BRADFORD BULLS FOUNDATION** 

## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** 

## **10. RESTRICTED FUNDS** 

The income funds of the charity include restricted funds comprising unexpended balances of grants and fees held on trust for specific purposes: 

|||At 1.4.23|At 1.4.23|Incoming|Outgoing|At 31.3.24|
|---|---|---|---|---|---|---|
||||£|£|£|£|
|HAF Camps|||-|25,752|(25,752)|-|
|Armed Forces Covenant|||-|7,808|(7,808)|-|
|Peoples Health Trust|||-|10,728|(10,728)|-|
|Million Hours (National|Lottery)||-|8,970|(8,970)|-|
|Empower (Groundwork|UK)||-|997|(997)|-|
|Morrisons Foundation|||-|9,850|(9,850)|-|
|Active Communities|||-|9,810|(9,810)|-|
|BBC Children in Need|||-|5,940|(5,940)|-|
|National Lottery Community Fund|||- -|19,840|(19,840)|-|
|Total|||---|99,695|(99,695)|-|
|**Project Fund name**|**Purpose of restricted fund**||||||
|HAF Camps|In partnership with Bradford||Council, to deliver Holiday camps for local children whilst||||
||providing a hot meal for attendees. These are aimed at children receiving free school meals||||||
||and those who have fallen on hard financial times across the city.||||||



Armed Forces Prioritising empowering achievement of outcomes associated with physical health, mental Covenant wellbeing, and comradeship, this project offers accessible, inclusive opportunities for male and female veterans aged 55+ living in Bradford to come together and engage in physical activity and social activities that inspires them to live healthier, happier, more resilient lives. 

Peoples Health Consisting of a weekly programme of health and social activities inspired by the five ways to Trust wellbeing that will equip older people with the skills, confidence, and knowledge to lead healthier, more active lives. Activities will include low intensity physical activity including chair-based and walking sports, digital literacy workshops, rugby league reminiscence and memory sharing social events, mental resilience workshops (specifically for older men), and access to personal development opportunities which empower volunteering. 

Million Hours A Rugby League focused engagement programme supporting young people aged eleven to (National Lottery) eighteen identified as being vulnerable to crime, anti-social behaviour, and risky behaviours to take part in holiday activities offered in the right style, place, and time. It has been co-created with those it seeks to support with an aim of fusing high quality sporting activities with oneto-one and group learning opportunities that empower improved pro-social outcomes and reduced likelihood of anti-social behaviour. 

Empower ‘Empower’ is a youth and parent focused project using sports and team building exercises (Groundwork UK) aiming to build stronger cohesive relationships between child and parent. Morrisons To bring the sport of Rugby League to hard-to-reach community groups and communities Foundation across Bradford. 

Active To offer participant-led activity opportunities that appeal to inactive women, using physical Communities activity as a catalyst for reducing the impact of socio-economic inequalities, particularly those prevalent amongst ethnic minority groups and low socio-economic status households. 

BBC Children in ‘On-Side Hub’ represents a new, ‘sport inspired’ approach towards empowering young people Need aged thirteen to seventeen who have either a physical and / or learning disability to access personal development activities that support improved mental wellbeing, skill attainment, and employment outcomes. 

National Lottery A community project aiming to support thirty adults with profound and multiple learning Community Fund disabilities and their carers to come together through weekly inclusive sessions offering positive activities. 

Page 10 



## **THE BRADFORD BULLS FOUNDATION** 

## **Detailed Statement of Financial Activities** 

## **for the Year Ended 31 March 2024** 

||Year Ended|Year Ended|
|---|---|---|
||31.3.24|31.3.23|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|Donations|63,502|26,182|
|Grants|156,184|150,103|
|Other income|61,142|135,167|
|**Total incoming resources**|280,828|311,452|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Fundraising events|8,407|3,938|
|**Charitable activities**|||
|Wages|76,542|90,000|
|Rent|12,042|15,115|
|Advertising|6,976|382|
|Motor expenses|2,867|3,206|
|Direct costs|117,347|128,428|
||215,774|237,131|
|**Support costs**|||
|**Management**|||
|Postage & stationery|1,213|857|
|Sundries|2,886|1,436|
||4,099|2,353|
|**Finance**|||
|Bank charges|268|236|
|**Information technology**|||
|Telephone & IT|1,227|1,276|
|**Human resources**|||
|Wages & N.I.|62,928|49,431|
|Pensions|7,538|6,316|
||70,466|55,747|
|**Governance costs**|||
|Insurance|1,386|1,464|
|Accountancy|1,200|1,200|
||2,586|2,664|
|**Total resources expended**|302,827|303,285|
|**Net income/(expenditure)**|(21,999)|8,167|



Page 11