THE BRADFIELD CLUB REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charity Registration Number 1154914
THE BRADFIELD CLUB REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS For the year ended 31 March 2025 Page Trustees Report Independent Examiners, Report ststement of FInCIal Activities Balance Sheet Notes to the Financial Ststements 10-16
THE BRADFIELD CLUB TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The TrtLStees submit their annual report and the financial statements of The Bradfield Club for the year end 31 March 2024. The Trustee5 confirm that the annual report and financial statements of the Charity comply with the current statutory requirements, the provisions of the SL*ment of Recommended Practice (SORP) Accounting and Reporting by Charities. Objeetives of the Charity The Charity provides for the social, educational, r[eatIonal and individual development needs of the young people of Southwark, regardless of their gender> raLX religion and disabilities. Structur4 Governanee and Management al Status The Charity is a Charitsble Incoryorated Organisation (CIO). It is registered with the Charity Commt55ion number 1154914. The Ch8rity's registered office and operation address is 5-13 Commewial Way, London SE15 6DQ. anisation The Trustees of the CIO have overall responsibility for the Charity's affairs and will aim to meet three to four limes per year. Four sub-committees have been established with a Chairnian who is also a Trustee of the Charity. Others can be co-opted to each of these committees. The four sub-commiitees are: Finance, Regulatory and Infiastructure (FRIC) Youth Work Site redevelopment Fund raising Trustees of the CIO are as follows: Nick Sansom. Chatr lain Clark Roxana Done George Masters Chrlstopher (Kit) Pirni¢ Dr Christopher Stevens Stuart Williams Maria Vildavskaya Tim Cottrell - elected 17 SeptemlKr 2024 Christa Simpson-Wong- elected 24 FebTuary 2025
I nductioii and Trainin of Trustees The induction programme for new trustees includes: Written infornlation on The Bradfield Club's activities A meeting with existing trustee and Chair A half day in the office to meet staff and ask questions An invitation to attend any of The Bradfield Club's activities in the community Attendance at the trustee5 meeting Training on child protection Risk Mana ement The CIO, through FRIC, conducts a regular review of the major risks to which the Charity is exposed. Funding is a risk, as for all charities. Our reserves are now quite reasonable. This as a result of receiving a non-refundable deposit when our developer pulled out. The Trustees consider that adequate insurance is held with Royal & Sun Alliance. Procedures are in place to ensure compliance with health and safety of staff, volunteers and vigitors to The Bradfield Club in Peckham. Regular risk assessments are undertaken for all activities at the Club, We continuously review our financial controls. Other Infomation We received no contracts from central or local government to deliver services. There have been no serious incidents at the Club. Trustees report The Bradfield CILib is Peckham's oldest youth club. Established in 1912, we have provided sport, education and personal development opportunities to thousands of local young people during our l13-year history. Today, we have more than 400 members aged from 4 to 21 years - and we are passionate about helping them get and stay healthy. tackle youth disadvantage and achieve social mobility. People Daniel, who has been involved with the Club for more than l O years, continues to provide strong leadership. He is looking to move to taking a more strategic role and reducing his time on day-to-day activities. To that end we appointed Jo Lewis Lead Youth Worker. Jan4 Desrit4 Jenneave, Justyna and Natasha have all provided strong support throughout the year. On the management front we have been joined by 2 new TnJ5tees, Tim Cottrell and Christa Simpson-wong.
Youth Work In krms of number4 we typically have between 300 and 500 visits to the Club sessions over the course of one month with upwards of 60 different individuals participating. In many respects we are a traditional sports and recreation Youth Club with Football and Basketball being the main activities. In the fomier we have been well supported by Millwall FC, including the running of a 6-week summer holiday Camp. We also have a fitness which is well used. We do considerably more than this though. We pmvide daily free hot meal4 particularly important in an area of relative poverty. We promote peace in an area afflicted by gang violence" we help children from abroad learn English and run homework clubs to help struggling pupils catch up at school. We also aim to give access to mentoring for anyone at the Club. At the end of the year, we had an awards night which was a great success and was well attended not just by our regular participants but also some of our funders and supporters. Infrastrueture and regulation We have appointed a caretaker to provide regular repair work to the building, and we have been helped tidy the whole building up by some of our corporate supporters. There are no issues to report on Health and Safety and Safeguarding. It is worth noting though we did respond to a possible safeguarding issue outside the Club and our team dealt capably with the issue passing it on to the relevant authorities. This showed the importance of the regular training we undertake on these issues. FiDance and FuDdraising Expenditure increased quite significantly this year. We had some extra maintenance work needed, and security costs increased as our Hall Hire numbers rose. However, we were also able to achieve a higher level of fundrnising throughout the year. This has meant we have been able to provide increased support at the Club to an increasing number of people. We have accessed some new donors this year through the hard work of our external fund raiser. Reserves polley The free reserves of the Charity are £34.793. The Charity aims to build total reserves of around £80,000 to allow the continuation of activity for about 6 months in the event of unforeseen deterioration in financial Circumstances. Summary Overall, it has been a better year for us on a range of fronts. The number of people attending has risen, our range of activities has increased, and our funding has also improved. Thus, there is a strong feeling that we are making good prOe$S despite the diffjcult overall economic conditions.
TFtF. BRADPIF.LD CLUB R THE YEAR ENDED 31 KARaI 2025 'll Irustsès ¥e respolb rot prewAoÈ tht Tfttsiees. Repon knd the fiiwicithl i w7Lh 4wI?LYhle law Ilnil£d Kin¥£kbm Acoxmiins Sththr£ls Illnitrd Kinylffin (i¢DcAIfv A¢1 AxoiiThFlng P11¢¢. fai¢ ltew of olaffair5 of the Clwiltr and •pplicl1 of SU1 alld tsD arffjty. lkn cwisit41ty. oiffffie li)ed wiiiLiplts i• the Cliinlies SORP. wliethL)i pplicthe UK A¥¢OUQTthE brtn lolbjwrf &bY d¢parnirt5 dib¢kneJ rxplairxd iii 1¢ IirnllLiuI lIr$Ill1. wid pT¢pwr tlic fiiianciol q4i¢mrr115 on ih¢ bfftsi5 11n1¥$ w 1% iO#ppropriath pivwm¢ ai¢mtol&) T41thib• Art ZLK)6. They ¥e a150 reyp)nsle ((¢sthouardM¥ the a8MS ol eCtixy I1 for l•kwA r¢uxyiiJbl¢ for Il* l¥(fr• aTrJ I(¢F)n1.[ig iry L'har(rS •d ID witb the 4KKittI of m Vll of the C'oiiipftni Ad 1985. Ihij rewri waj o¥v0Pdb}. ikn Trn%1¢è5 Jith,Vo¥eMber 2025 iheir bL,htW'bv
INDEPENDEDNT ACCOEINfANT'S REPORT TO THE TRUSTEES OF THE BRADFtELD CLUB FOR THE YEAR ENDED 31 MARCH 2025 I report on the financial statements of The Brnlfield Club for the year ended 31 March 2C125 which are set out on pages 7 tol5. Tbis report is solely to the Club's In, as a body. in accoTdance with section 43(3) of the Charitse8 Act 1993 Cthe Act,). My examination has been undert&en so tbat I n]ight State to the Club's trustees thL)se mattcrs I am required to State to them in an independent examiner's report and for no other purpose. To the fullest extent peTmitted by law, 14k) not accept or assume responsibility to anyone otber than the Club and the Club's tnLStee8 as a body for D]y exarniJation, for thi8 report or opintons I hav¢ forne Re8poD$ibllitles of trustee$ and independent Examlner The aub's tnistees are respon811)le for tbe Preparati of the fi]ncIAl gtatements. The Club's trustees consider that the audit Tequirements of section 43(2) of the Charities Act 1993 do not apply and tbat all independent examination is requiTeiL It 18 my re$ponsiTr)ility to.. examine the aGcounts unts section 43(3) (a) of the Act. to follow such procethllts laid down in the general dir¢ctions given by the Charity Commissioners under section 43ffl(b) of the A¢L' and to state whether particu1arlltterS have come to my attentio Ba8JJ of IndepeDdellt Accountanes report My examination w&8 canied out in accordance with the General Direction8 given by the CbaTities Commissioners. An examination ildeS a review of tho accounting r¢cords kept by the Club, and a comparison of the financial statenients present with those records. It also Includes ¢oJJsideration of any unusuaI iteDJS OT di8c108ures in the fiDancial statements and seeking explanatiOD from you as tnL8tees concerning any such matters. Th¢ wocedwts undertaken do not provide all the evid¢¢ that would b¢ required in an audi( and con8eqllently I do not expTe8S aD audit opinion on the view given by the Independent AccouDt2Dt'S 8tatsments: Tn coJ)nection with my examinatio no matter bas come to my attention wbich gives me re&80nabl¢ cause to believe that in any rnaterial respect the reqllirnents: to keep accounting records in accordan¢¢ with section 41 of the Ac¢ and to prepore financial statemcnts which accord with the accoullting records and with th¢ accoulltiug requlrcnllts of the Act bave not been met" or to w understanding of the fthan iTA my opinion. attention should be dAwn ill other to enable a proper tem¢nts to b Dated..3D.". ..kn....7aJ- en Godfrey, derson & Co Unit 6 Portland Busin Manor House Lane DatcbeL Berksbire arteredAcGountants Centre 39EG
THE BRADFIELD CLUB STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted Funds Funds Totsl 202S Total 2024 Note IDcome from: Donations and Legacies Charitable activities Incorne from oiher trading activities 51,476 48,900 51,47 1fj436 60,649 5,000 33,125 / 22.745 112 231 145,362 44412 11,749 33,125 112 133,613 Total Income 11,749 EipeDditure OD: Raising funds Charitable a¢tivities Other 7,678 138,719 16,562 162,958 7,678 150,468 1&562 17 707 602 14896 13,712 141,210 11.749 Totsl Eipenditure 11,749 Net in¢omel(expenditure) (29J45) {29J45) (9fj798) Transfers between funds l¥let movemeDt in fuDd8 (29J45) (29J45) (96,V)8) Reconciliation of funds: Totsl funds brought forward Total fuDd8 ¢arrled forward 63,228 33,882 63,228 33,882 160,025 63,228 The Charity had no recognised gain8 or losses in the year other than those set out above. All the above results were derived from continuing activities. The notes on pages l O to 16 fom part of these financial statements.
THI,. HIi.41)b'lF.LD CIL BALANCE SHEF.T F()R I"III," Vfr'.AIi fr'iYDED 31 NLIRCH 2025 IIDrtsi¥6eted IleJtrirfd FndS Toral 2VI4 Nii 21124 Twi¥4hle i%èd &sset Cllrn'al AJ•¢ts 1knl C.&¥h in bwik aid in hand 1.760 3i.033 J4.YJ3 ti2,ts!R 7DJI1 34.Y93 Cllrnyi lbIllIe& 13 91 7,151 J3382 33W 228 33,8K 632 li¢111 IlJiid4 Rem[¢4 T4)txl Lhttd• J3.882 J3 J2 I'hr lin 1 s forn parf ofth&9¢ £n•nri•l ,Iippftived bv th¢ C'141b I nJc4 11D i iih November 2025 &id Std il.s FK4)aifh. c C Iprts'ie
THE BRADFIELD CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES The principal accounting policies which have been adopted are set out below: Basi8 of Aceountlng The financial statements have been prepared under the historical cost convcDtTon and in accordance with applicabl¢ aoUntIng standards and the Statement of Recommended Practice, "Accounting and Reporting by Charities" (SORP) issued in Mah 2005. lllcomlng Resources Voluntary incorne includes grants that provide core funding or are of general nature are recognized in full in the Statement of Financial Activities in the year in which they are receivable, except when the donors specify that the grant given must be used in future accounting period, the income is deferred unlil those periods. Investment income is recognized on a e1Vable basis. Incoming resources from charitable activities include income received under contract or where entitlement to grant funding is subject to specific conditions to deliver and is recognized whereas the service is provided. Other incorne is accounted for on a cash basis. Resources Eipended Expenditure is recognized when the liability is incUed. Cost of generating funds are those incurred in attracting voluntary income Charitable activities include expenditure associated with delivery of services and include both direct costs and support costs relating to each particular service Governance Costs include the costs of th¢ Charity. including strategic planning for its tUre development, independent examination, any legal advice and all costs of wmplying with the constitutional and statutory requirements, such as costs of Trustees and the preparation of statutory accounts. Support costs include overhead and other costs not directly attributable to a particular function and apportioned over the relevant activity on the basis of management estimates consistence with use of the resources e.g., staff cost by time spenL property costs by floor space and other costs by their usage. Taxation The company As a charltable institution with exemption from UK tsxation under section 505 of the Income and Corporation Taxes Act 1988. Fund Accountiog Unrestricted funds are grants, donations and other incoming resources receivable or generated for the objects of the charity without further specified putyose and are available as general funds. 10
THE BRADFIELD CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Restricted funds are funds that can only be used for specific purposes as laid down by the donor. Expenditure. which meets the criteri4 is charged to the fund, together with a fair allocation of management and support costs. Designated funds are funds set &side by trustees out of unrestricted general funds for specific future purpose or relate to grants given specifically for the purchase of assets wher¢ the use is not restricted. Tr aim and use of each of the designated fimd is set out in the notes to the financial statements. Depreciation Depreciation is calculated on assets costing over £500, on a straight line b&8is over 3 years. Property improvements are depreciated on a straight line basis over 10 years. Liabilities Liabilities are amounts due to creditors and any provision made &8 a result of on obligation to transfer economic benefits, usually in the fonn of a cash payment. to a third party. Liabilities are recognised for the amount that the charity anticipates it will pay to settle the debt or the amount it has received as an advance payment for goods or services it must provide. Provisions are recognized where a present obligation exists to third parties as a result of a past evenL where a future outtlow of resources is probable and an estimate of that outflow can be made.
THE BRADFIELD CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Donations and Legacies Donations and legacle5 Unrestricted funds Restrlcted funds Total 2025 Total 2024 Gifts and Donations Bradfield College. 26,476 25,000 51,476 26.476 25,OLK) 51,476 16,436 16,436 * This is money previously raised through parent fundraising, held on our behalf by the College. Income from charitsble aetivitles- grants receivable Charltable actlvltles Unrestricted fuDds Restricted nds Total 2025 Totsl 2024 Weston Garfield Foundation Lottery National Trust The Gosling Foundation Workwell Trust Seymour Foundation London Skxirt BDO Charitable Trust ACN - Active Communities 25,0(M) 20.0(K) 25,0(M) 20,000 10,000 2,400 1,000 1.749 5CK) l O,O(M) 2.400 1,000 1.749 500 5,000 5,000 4&900 11,749 60,649 Income from other trading activities Unrestricted funds Restricted funds Total 2025 Totsl 2024 Hall hire 31815 310 32,815 310 22.745 33,125 33,125 22,745 12
THE BRADFIELD CLUB IYOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Other Unrestricted funds Restricted fllDds Total 2025 Total 2024 Bank interest 112 112 112 112 231 231 Raising funds Staff Non stsff expenditure expenditure Support cost Raising funds Total 2025 Total 2024 Fundraising st 7,678 7,678 7,678 7,678 602 Charitable activltles Staff expendlture Non staff expendlture Support Total 2025 Total 2024 Youth Work activities 90,269 90,269 19,283 19,283 40,916 40,916 150.468 150,468 126,896 126,896 Other expenditure Staff expendlture Non-staff expendithre Support cost Total 2025 Totsl 2024 Hall hire Building development 14,456 14,456 7.208 2,106 1fj562 2,106 16J62 6,504 13,712 Total resourees e4)ended 90269 43,523 40,916 174,707 140,608 13
THI BRADFIKLD CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ARCH 2025 Support costs Slaff Office costs administration Premises GovernaDce Totsl 2025 Total 2024 Youth Work activities Total 2025 22,248 22248 18.368 18J68 31N) 40,916 33,402 300 40,916 33,402 Total 2024 6,523 2&278 600 33,402 Office administration includes all sts related to office running. Prernises expenditure includes building maintenanc4 utilities and building depre¢iation cost. Governance eost Totsl 2025 Total 2024 Independent accounts examination 300 6C 300 10. Staff costs Total 2025 Total 2024 Salaries and wages 89.606 662 90,269 81660 1,454 84114 Staff cost 14
THE BRADFIELD CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Fixed assets Car Freehold Property Furnlture Fixtures & Fittings Totsl 2025 Cost Balance brought forward at l April 2024 Additions Less: Disposals Balance carried forward at 31 March 2025 313,136 21,286 334.422 313,136 21,286 34422 Deprecigtion Balance brought forw8rd at i April 2024 Provision in year 313,136 21,286 334,422 Net Book Value At 31 Mawh 2025 At 31 March 2024 12. Debtors Total 2025 Total 2024 Gift Aid Prepayments 1.760 1,499 1,760 8J50 Prepayments include advance payment of annual building insurance. 13. Current Liabilities Total 2025 Total 2024 Trade creditors Staff pension Accrued expenses 41M) 210 3(M) 910 6.851 30 7,151 15
THE BRADFIELD CLIJB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of net assets between funds Unrestrleted Re8tiiete41 Funds Funds Totsl 2025 Total 2024 Tangible Assets Curent Assets Liabilities 34,793 10 33082 34,793 7Q378 3&882 63228 Remuneration and expenses to trustees No remuneration was paid to the Tru8lees or Management Committee in either year 16