**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: 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: 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 - (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 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