REGISTERED COMPANY NUMBER: 05056480 (England and Wales) REGISTERED CHARITY NUMBER: 1106608
Report of the Trustees and Financial Statements for the Year Ended 31 March 2025 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 2025
| 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 2025
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 2025. 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
C W F Mason (Chair) S Cater (Vice-chair) S P Readyhough (Treasurer) S Elphick B A Fagborun T J Barnett P M Sharp – appointed 16 April 2024 W H L Evans – resigned 21 May 2024 N J Wood – resigned 12 March 2025
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 12 September 2025 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 2025.
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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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: 12 September 2025
Page 2
THE BRADFORD BULLS FOUNDATION
Statement of Financial Activities
for the Year Ended 31 March 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations 78,207 Grants 10,250 Other Income 40,661 Total 129,118 EXPENDITURE ON Raising funds 17,885 Charitable activities Charitable activities 107,479 Total 125,364 NET INCOME/(EXPENDITURE) 3,754 RECONCILIATION OF FUNDS Total funds brought forward 23,581 TOTAL FUNDS CARRIED FORWARD 27,335 |
Year Ended Year Ended 31.3.25 31.3.24 Restricted fund Total funds Total funds £ £ £ - 78,207 63,502 138,537 148,787 156,184 - 40,661 61,142 138,537 267,655 280,828 - 17,885 8,407 138,537 246,016 294,420 138,537 263,901 302,827 - 3,754 (21,999) - 23,581 45,580 - 27,335 23,581 |
|---|---|
The notes form part of these financial statements
Page 3
THE BRADFORD BULLS FOUNDATION
| Balance Sheet At 31 March 2025 Unrestricted fund Restricted fund Notes £ £ CURRENT ASSETS Debtors 5 3,688 - Cash at bank and in hand 27,412 69,429 31,100 69,429 CREDITORS Amounts falling due within one year 6 (3,765) (69,429) NET CURRENT ASSETS 27,335 - TOTAL ASSETS LESS CURRENT LIABILITIES 27,335 - NET ASSETS 27,335 - FUNDS 7 Unrestricted funds Restricted funds TOTAL FUNDS |
2025 Total funds £ 3,688 96,841 100,529 (73,194) 27,335 27,335 27,335 27,335 - 27,335 |
2024 Total funds £ 8,597 82,795 91,392 (67,811) 23,581 23,581 23,581 23,581 - 23,581 |
|---|---|---|
The notes form part of these financial statements
continued...
Page 4
THE BRADFORD BULLS FOUNDATION
Balance Sheet - continued
At 31 March 2025
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 12 September 2025 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 2025
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 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Page 6
THE BRADFORD BULLS FOUNDATION
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
3. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Year Ended | Year Ended | ||
|---|---|---|---|
| 31.3.25 | 31.3.24 | ||
| Coaching & administration staff | 6 | 5 | |
| 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 | 181,133 | 99,695 | 280,828 |
| Total | 181,133 | 99,695 | 280,828 |
| EXPENDITURE ON | |||
| Raising funds | 8,407 | - | 8,407 |
| Charitable activities | |||
| Charitable activities | 194,725 | 99,695 | 294,420 |
| Total | 203,132 | 99,695 | 302,827 |
| NET INCOME/(EXPENDITURE) | (21,999) | - | (21,999) |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 45,580 | - | 45,580 |
| TOTAL FUNDS CARRIED FORWARD | 23,581 | - | 23,581 |
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 2025
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| £ | £ | ||||
| Debtors & prepayments | 3,688 | 8,597 | |||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Creditors & accruals | 73,194 | 67,811 | |||
| 7. | MOVEMENT IN FUNDS | ||||
| Net movement | |||||
| At | 1.4.24 | in funds | At 31.3.25 | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| Unrestricted | 23,581 | 3,754 | 27,335 | ||
| Restricted funds | |||||
| Restricted | - | - | - | ||
| TOTAL FUNDS | 23,581 | 3,754 | 27,335 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement in | |||
| resources | expended | funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| Unrestricted | 129,118 | (125,364) | 3,754 | ||
| Restricted funds | |||||
| Restricted | 138,537 | (138,537) | - | ||
| TOTAL FUNDS | 267,655 | (263,901) | 3,754 |
Page 8
THE BRADFORD BULLS FOUNDATION
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
7. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Comparatives for 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 | |
| Comparative 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) |
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 £5,789 (2024 - £7,538).
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025 nor the year ended 31 March 2024.
Page 9
THE BRADFORD BULLS FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
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:
| HAF Camps Armed Forces Covenant Peoples Health Trust National Heritage Project “Moving More Together” Sir George Martin Trust “Team Talk” BBC Children in Need The Keith Howard Foundation Total |
At 1.4.24 Incoming Outgoing At 31.3.25 £ £ £ £ - 20,953 (20,953) - - 6,579 (6,579) - - 17,880 (17,880) - - 48,470 (48,470) - - 10,490 (10,490) - - 4,500 (4,500) - - 5,805 (5,805) - - 13,860 (13,860) - - - 10,000 (10,000) - --- 138,537 (138,537) - |
|---|---|
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 By prioritising achievement of outcomes associated with physical health, mental wellbeing, Covenant 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, this project equips older people with the skills, confidence, and knowledge to lead healthier, more active lives through low intensity physical activity, digital literacy workshops, memory sharing social events based upon rugby league reminiscence, mental resilience workshops and access to personal development opportunities through volunteering.
National Heritage To create a virtual museum celebrating the history of Bradford and Keighley Rugby League Project teams, involving cataloguing memorabilia, engaging the local RL community at Club matches, and building a digital-based archive. Led by David Jones, a locally known RL historian, it aims to preserve the local sporting heritage whilst fostering inter-generational connections.
“Moving More In conjunction with Sport England and in partnership with Bradford Council, Bradford South Together” Primary Care Network, Masjid As-Sunnah, and Sandale Community Trust, this programme offers weekly sessions prioritising support to older people to improve wellbeing, reduce loneliness, support community integration, and reduce the impact of health conditions
Sir George Martin Providing weekly sessions for vulnerable teenagers aged 13–16. The programme blends Trust physical activity with life skills development to reduce isolation, improve mental health, boost school engagement, by targeting long-term wellbeing and aspiration building.
“Team Talk” In conjunction with THE BRELMS TRUST, this programme offers weekly sessions for older men in South Bradford. It addresses health and social inequalities through group activities and discussions to promote community cohesion and mental wellbeing amongst older adults.
BBC Children in ‘On-Side Hub’ represents a new, ‘sport inspired’ approach towards empowering young people Need aged 13-17 who have either a physical and / or learning disability to access personal development activities that support improved mental wellbeing, skill attainment, and employment outcomes.
The Keith Howard To provide a holistic wellbeing programme for children aged 7–15 and their parents. Inspired Foundation by Rugby League, the sessions include physical activity and mental health support, aiming to strengthen family bonds and improve resilience.
Page 10
THE BRADFORD BULLS FOUNDATION
Detailed Statement of Financial Activities
for the Year Ended 31 March 2025
| Year Ended | Year Ended | |
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations | 78,207 | 63,502 |
| Grants | 148,787 | 156,184 |
| Other income | 40,661 | 61,142 |
| Total incoming resources | 267,655 | 280,828 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Fundraising events | 17,885 | 8,407 |
| Charitable activities | ||
| Wages | 69,963 | 76,542 |
| Rent | - | 12,042 |
| Advertising & promotion | 5,488 | 6,976 |
| Motor expenses | 1,904 | 2,867 |
| Direct costs | 98,950 | 117,347 |
| 176,305 | 215,774 | |
| Support costs | ||
| Management | ||
| Postage & stationery | 1,295 | 1,213 |
| Sundries | 2,861 | 2,886 |
| 4,156 | 4,099 | |
| Finance | ||
| Bank charges | 319 | 268 |
| Information technology | ||
| Telephone & IT | 2,058 | 1,227 |
| Human resources | ||
| Wages & N.I. | 54,764 | 62,928 |
| Pensions | 5,789 | 7,538 |
| 60,553 | 70,466 | |
| Governance costs | ||
| Insurance | 1,425 | 1,386 |
| Accountancy | 1,200 | 1,200 |
| 2,625 | 2,586 | |
| Total resources expended | 263,901 | 302,827 |
| Net income/(expenditure) | 3,754 | (21,999) |
Page 11