Charlty RwJ18tratlon No 1188520 Compny Reglstration P40 11707660 Contsnts th• y¢4r Mded 31 Deethb•r2023 Bedford Blues Foundation 10
Bedford Blues Foundatlon Trustees. report For the year ended 31 December 2023 The trustees are plcascd to prcsent their annual diff¢tors' reporL togth with the fina111 s¢atrmeDts of th¢ charity for the year to 31 Ikcember 2023 which arc also prepared lo meet the requsrcments for a dir¢ctors' rwrt end accounts for Companxe$ Act pu09e$. The fin¢1 statanents ccnpty with the awtties Art 2011. thc Companies Act 21)06, the Menbxondum Articles of As80ciation, aNI thc thaTitiu Ststement of Re¢orn Practi¢e (applicable to clwitie8 prwin8 their accowits in aecordonee with the Financi•l Reports sta1•rd ¥plic8bJ¢ in th¢ UK and Republic of Ireknd; FRS 102) illed in October 2019. Objettlvu Ind a¢dvhl The purps¢s •nd objectives of the cbarity ar¢." to iyomote CmmUnty participation in healthy re¢r¢4tioth by wmryding f•cilitiU for plryiD8 nbY UDion football ('f4eilitie8" rn¢• equipment and or8anizin8 wting acliviti¢s); to provide 4nd sisi in pwvidimg opporbJnitiH for other spori re¢T¢ation or other leisure lim¢ o¢¢upation of wch persons who hav¢ n¢cd for suth f¥ilities by Teajon of their youth, ftg¢. infirniity OT di8abl¢ment, poverty or soci81 and onI)mi¢ ¢Ir¢uM#• or fw the publi¢ at * iti the ititerets of wcial wr¢ d with th¢ of impThng their L¥mditioN of lrfe. to advance such charitable puTroxs (¢n8 to the law of En8lwMI W¢1) the tru fit In xtting the charity's objectives and plannin8 th¢ xtivitie8. the ¢ruthu have e¢)nsidered the Chrity Commissi¢n'$ 8uid•n¢¢ on publi¢ bthefiL The obic¢tive$ •re Ixin8 pwsu¢d Ilrou8h the following strategies. facilitatin8 the pl4yiD8 of &bY and th physAcal Iv( re¢mtion athxtKs. providitig facilitie5 for the plAyin8 of spths cyble of improving hulth in to promo1¢ hmlthy li ethicate thildrcn a5 young people (ittlUdg their •¢adcDNC. social and ph11 ethKation •nd skills training) throu8h sport. r¢crcalioN Icimu¢ tim¢ activities arma such other means the trusleeB think fit. host workslKy arAd 8imilr se8sions desipKd lo communice and deliver the aims of th¢ ch•Tity. Or8anisin8 challenges in whi¢h people ¢•n ptripte the level of their ability in order to rnise fimds for the charity and prixnote the meuage of buildin8 weifoein8, Inch1Vity and skilb.
Bedford Blues Foundation Trustees, report For the year ended 31 December 2023 A¢hlevem¢Dt8 performD¢e Overvle 2023 wa5 another excitin8 year of development for our charity, cottsiderabty incrt4sin8 our supwrt to youThg p¢ople in B¢dford and achieving our chwiry's aims aTMI objectives. In our fouth operational year, we reached 3.790 young peopl¢ across a variety of pN)grammes and community focustyj itileryentions in Bedfordshire. We r¢ath¢d thes¢ youn8 people through our two d¢liv¢ry me¢h•nism4 ow outtexh pro8r8mmes and community ru8by pro8rommes. This ¢Tt challenges thTDugh the year on balancin8 the increa8e in demand against the quality and impacl of ovr d¢livory pro8fAmm¢s. To mana8¢ thi4 wc extended our delivery te To$S both departsnents and r¢cruit¢d d¢gre¢ appr¢mtice for the frst timo. We continued to work closely with our stratssxc partners including BedfLYd Blue4 the Polic¢ and Crime Commi8sion¢r. B¢dford C(wn¢il aod Chiltern LAarnin8 Th ImpAet We are deli8ht¢d to hav¢ reaclKd over 3.790 children and youn8 people thr(w8bout the year. Ills represeJ)ts another siwjificant step fonvard for u4 incre4sin8 our Ttach by over 1,400. There were various reasons lor this incrnase. includin8 the frst full year of dtliv¢ry sin¢¢ Blues C(rfnmunity m¢¥ged with our eharty in April 2022. During this period our team r¢branded several programmes iacluding Rugby and R¢adin& as well as the introduction of our 8irl's pro8ramm¢ throu8hout B¢dfiTd 8¢C4ry school8. Both our Community Rugby and Outreath departrnents have Se incr¢w in th¢ir rea ¢otttribuiin8 to our overall impacL Our 2023 rexh in numbers has beon as folk>ws: 3.790 young pwl¢ reach throu8h our pro8rammcs. 13.470 throughput (number of unique visits to our geI0S). 55Yo m81¢s 145•A Female5. 48Yo from d¢priv¢d wanls in Bcdf(Ydshire. 32.501• from a culturally divcr8e cthnmutiity. 19Yo With a dis&bilAty. 3,148 ¢hildren (within the 3.790) experienced our community TU8by deparbnent and pro8ramm¢s throughout the ye4r Bedford Borough and Central BedfSh1re. With the Women's World Cup comin8 to Fnglgnd in 2025. we are seein8 opportunitie$ f(K 8irls to play rn8by which has been a focus of our community rugby le8m. Working alongside sfftx S000 s¢hools acro88 Bdford friTr January lo Mwch. w¢ d¢liv¢r¢d 6 weeks of coaching for year 8 clis¥e4 culminating in an inclusive fextival for all p4rtieipant$. This ensureAI that each 8irl in a Year 8 cl&s5 reached and could experi¢nce the sporL A¢ros$ th¢ delivery. each gtoup was given an introduction to rngby. the fundamenthl skills nceded and a #tep by step guide to t4¢t rugby in a Safe and ¢trOlled environment. Some participants Said: . Ih4Tre lolJ ofnewfrlendsfvm oiher scknoLf I mtTrwgedio score 4 trles whkh 15 sonxihlngl ¢0d i do before. I hope to ¢onlinueplaying nwby now and wanl tofind oyl TrH)re abo* o dub io jon The h¢S were rea1tyg0andwn go oytside my comfvrtzonel
Bedfonl Blues Foundation Trustees. rnport For the year ended 31 December 2023 ImpA¢t (conllnued) 'Thls Iw been myfirJt werieNce oInY and l ffjloy IL going ts ty t) ts outside ol schooL' Our outreach teAm ¢I]n to m4k¢ 8i8nificant strides f&T4 suppitin8 yoiing p¢oplc from ¥e¢ondBry hools within disthantaged areas of BedfLYdshire. Our outr¢•th prO8Tttttll foGus on usiog nty5 ¢oT¢ vilues to address chall¢ng¢s with attaiDm¢nt in sch1 and bVIoUr. &8 Thrll •8 combat i&8ues with rn•ntal and phy6iC41 wellbein& Our Tackje IJFE program¢ uses sport a8 a t(K)I to develop soft skill$ in young t¢¢n4geJs who might strug81• to develop these areas in Khool. SewDdary h(M)IS refer thex students to the prowm¢ and our Hub at Goldin8ton Road where they exptrien¢¢d a variety of gFK)rt4 metttoring And visits fr(xn external providw5. ThrouglK)Ut 2023. we saw 88 young people thr8 Tackle LIFE, 65% male ODd 35•A female. 7Ph of th¢$¢ Pthicipants lived within d¢priv¢d wardq in Bcdford and 54% were from culturnlly div¢rse communiti. OUT f¢niwlc {]Y proyamme Be You emb¢dd¢d acTOSS a Dumber of school8. The pr08re was designed by our f¢mthle colleagues workitig at the Foundation, for fcmal¢s strngg)in8 with anxieties Ind confide4tt to d¢v¢lop 50ft skills. B¢ You focuse8 on boostin8 wlliK)W¢lln¢lJt and providing &n outjet fLY youn8 women to expyess themselves ond discover n¢w skius and talents during their time on th¢ pro8Twnm¢, Across 2023 we 8aw 64 girls on the pro8ramme. 4/• with a disabllity. 35% frixll ¢UlraIfy div¢n¢ communities and 68% fr(qn derrived wards in Bedford. Our ABII.ITY Blu¢s inclusive sport programme continued to suppcvt children with a disnbility get more active. We So participants through the pro8r4mme. 75Y• were mak ttTh135% cwne from dwivod wards Bedfordshire. On¢ p¢t said.. "Lu¢y lJHsi wotted io say a thank I lo >Y>wSeh all ihe ¢h¢1 andpreJen( wkn made It so eryoyable. Re¥ben reauy develwdpersonally soclally ow lh¢ lime he'j been doing MlpOrt ihth is in no SH11p down k> thEfrlrndshipJ hf'i wilh ewryone on TIMffJday even8j. ' Plans for th¢ future and Jtrate8le pknnnlDZ The chvity is now plaDJ)in8 f(Y 2024- 2027 and strncthriti8 A str•te8ic plan that fiKuses on high quality 8ervice8 d strong rehtionshipj. With 4 srftled staffing 8tructsJre, we are now ai¥)ut to wk on long terni funding option5 and services that cre a18Stin8 impaci wilh participants. Our new strategy vlill xt ambitious targets whilst ¢nablin8 grown in a controlld way. Unthrplnn by a sound p¢opk plan and operntional eXlleD. Financial Revi¢TV Unrestridoa incom¢ amounted to £196.143 for tht yev (2022: £301,182) •nd reicted income was £119,705 (2022". £72.868), Of the total income, £61,424 was inc(WD¢ from dontitiow* (2022: £95 J61) and £254.424 was grant and crther charitsblc in¢omc (2022: £237,527). Totd expenditure was £341339 (2022: £304,016) of which £243,916 was uDr¢strideAJ (2022: £220,618) aThl £98.423 re5trith (2022: £83J98). At the year end total utiresthct&4 fimd% wtte £65.672 (2022: £117.495) •d r¢thiCl fimd8 were £83,716 (2022: £58.384).
Bedford Blues Foundatlon Trustees, report For the year ended 31 December 2023 2023 athbled us to roll out a sec yeu of ow fiuthiDB pl with no r¢5tr1c4i taking th¢ from 2022. Our goal is to strengthen our unrestricled resrn to wovid¢ •t kast a six month bufftt to enable LM 8Tity to kn sugt8inabk. 2023 saw significant investment in our t¢Jm growin8 our clltty Tugby deprthent attd investing in our team's pers(1 developnenL creating On ¢nvironment for ¢acb m¢mber of 5tsff to yow ID thw roles and our or8Anisolion. Our income •xceeded £315,848 lS1x1 with our tsrsds and was secured througb Re8erveJ Polky It is the poli¢y of the trustees to hold available reserv¢8 r¢weyentin8 a mititmum of thr¢¢ of G¢n¢rnl Fund nditure. with A tar8¢t to increas¢ this to six month4 in to aUr¢ the a(aivities of the charity c crntinu¢ in the event of any variation in fimding. Six months of reserv¢8 equals aFwoxiDut¢ty £125,000. At 31 Dxember 2023 the frec reserves of the clwity were £65,672 (2022: £117.495). Th¢ kvel of reserve5 held 1$ thqefor¢ slightty hi8her tha)) the desired mittimurn lev¢1 and sl¢p8 are being tak to EIk1 ftte rtXTves further towards th¢ 14rget level of six months by rethinin8 UDrestrirt¢d fimds in the shryt te¥m. The trust¢es monitorins the level of resuves an (m80in8 h8is fxknitig thi• into th¢ir &i5ialls •¢cordin81y.
Bedford Blues Foundatlon Trustsès, report For the year ended 31 December 2023 Charity nthnber. 1188520 Company numb¢r. 11707550 Tr•iteu aDd admlnith*toY• TTU5tees: G Alrtd V Brading S IA)us A Novell (rul4 3] 2023) M Onn¢rod WJ Pearson A Sjnart (arnint•d 8 F¢brw 2023) The trustees are the dire£tors of the clwitsbk Ccdnpny (the clwity) fly the purSeS Df LX)mpany law. Th¢ athninistraiton kn vhlom day to thy mana8¢m¢nt is delegatd.. Mr T HThwd The principal addrcs Bedford Ru8by Chb Goldin8knn Road Bedford MK40 3NF Th¢ princip•l bankm are." Handelsbanken 2d FIr Clift1 Hou 4a Goldin8lon RoAd B¢dfLYd MK40 2 Accountants: Monico TleY Limi1 19 Goldington RoAd Bedford MK40 3JY IndeFntht Examiner. IMis¢ Tunloy FCA CTA DChA 19 Goldingtttyj Road MK40 3JY
Bedford Blues Foundatlon Trust88s' report For the year ended 31 December 2023 Struetury GI)Verne Mte¢ll¢ Govrnlll£ do¢ume•t B¢dford Bhn F(MJndation is a limited by gllrntee and g0vend by its Memorandum and Articlcs of A8SOCiatioo dated 3 De¢ember 2018 latsr supffsded by its Memorandutn and Articks of Association dat¢d 12 farch 2020. It is registered as a ¢h8rity with the Charity Commission. over the age of16 can b0m• m]bU of the company. Th¢ minimum number of mc4nb¢rs 1$ 5 th¢¥¢ is Do maximum. Fach manber a8r&J to conlnkn £10 in the ¢v¢nt of th¢ charity winding up. The trustees airn to me&t at least qU8rtcTly. and more often if circumstanc<s require it. All sttate8i¢ discus$18 and decisions aro tfjkcn by the tnain of trnst¢es at their meetin8s in relation to the running of the chazity, thè 4)mmunity faGiliti¢s th¢ activiti wovid¢d by tho Gharity. Th¢ cry¢TJll accountability ofthe Foundation is tho r¢spon¥ibility of the triistw workin8 thrn8h the H¢ad of Foundation who the doy-l(trthy responsibility f¢x the operntional man¥8t ofth¢ F(Mthtion and I¢ ofmployees. RetrnltmeDt •ppolthie•l of truth4• Committee. The Found•lxM is dedi¢aknl to beitiB equitabk or8aDiW and aiming to b¢¢om¢ representsti of th¢ community it serves. Potential tru8te¢s are Biven more detsi18 of the charity'8 aim8 and tiVie8. If existing truses ayee, they are then proposed as new trustees at the suiwuent trugtees. meeting. This proc•s5 allow du¢ ¢widttation of the person's eli8ibility. perf•)nal CompetIce, sp¢ciali# knowled8e skills. Indu¢don And Trvrte¢ trlxlng Wh¢n nvw trust¢e8 join they are pvcn an inrThm iDtrodudion to th¢ir role withiti the charity and ih¢ir k8al sponsibilities. All trust •r¢ r•quir•l to v•d th¢ n•¢¢s1•ry Ch•rity 8llid•nce on berA)min8 4 K•y M#D4¢mnt P¢nMn¢l The tru¥tK5 mide¥ thelnsefves to compris¢ the key mana8ement per1 of the in clwge of directing and controlling thc chlty. All trust¢CS 8ivc of their time freely Jjo Trus*e [nuDeration was paid sn the y¢ar nor were any expense5 reimbur5¢& Th¢ pay of th¢ ¢hwrity'S sraff t¢•m is reviewed uthual]y by the In¢8. Risk Management trustees 4re satisfied tlkat syytems are in place to idelltify and mana8¢ tbe risks wlkth aT¢ id¢ntified. The winciplc risk faced by the charity is the reduction in income meaning sufficient fijnds rnay Dot b¢ av•ilabl¢ to cover the expenditure. The ttugtses ciMsider that this risk is ad4uatety mili8at¢d by th¢ir poliGy of holding sufficient rns¢rv&s in ord¢r to eThsure the activitie6 of the th•rity Continue in the event of w variation io fimdin8 while
Bedford Blues Foundation Trustees, report For the yèar ended 31 December 2023 Clwrlty growth The Foundation InCred e4)a¢ty in 2023. from fu114ime staffto nine. Our c(xnmunity ru8by tM to four members of staff. including OUT d¢grte aFvrentice. t¢ to the Incre of demand on our delivery Blues Foundation is 8n independent charity led by trusttt8 PO&8]cte ab(Mrt the imp1 our work h providing an extensive skill 8rt designed to guide the ¢lwity me¢t its {j¢cuy¢S and provide ¢xtsll¢nt standlrth to Slalea¢DI of Truteu. YtlPODIIIAUd# Th¢ trustces (who are also the dire¢torn of BedfoTd Blues Fowidation for the puryxis¢g of compAny lfjw) we responsible for preparitt8 th¢ Trust¢¢s Annual Kep)rt armj the fllwici statllent9 IA ac¢ordanc¢ with applicable law and Utiited Kingdom Accoting Standards Iunited KinBdom GMMalty AvKpted Aceountin8 Pr•¢ti¢¢). Company law requires the trusttt8 to fmancial stst¢m¢uls for finanGial y¢pr, whith giv¢ a tru¢ md fair view of ihe slate of affAirs of th¢ ch8ritsbl¢ cixnpwry and of th¢ incoming rcKNJTl and opplication of rogources, including the inc4xn¢ And oxrthditur4 oftt charitsble compw f(r that year. In pr¢prin8 thes¢ fmfincI ststemeJL% thc tru5te¢8 •Te require41 to: s¢1¢ sultable ¢(1118 poli¢ieJ and then them CL%1$¢¢ntIYtr observe the methods and PTinciple5 in the Charities SORP 2019 (FRS 102): make jud8ements and estimates th•i 4T¢ rwon8bl¢ atml pDJden¢ stst¢ wh¢thsx applicable UK Arxountln8 St•nduds have been followd. •ubjKI lo any mtsial deprtu discjosed and explained in th¢ aatements. PT¢paT¢ th¢ fuwicial statements on the 8oin8 Concern bfjsij UD1¢59 it is ¢0 w¢sume that the chAritsble ¢LpanY will continue ID operation. The trustees ire regponsli >1¢ for k¢epin8 adequate aceouthg rccordj vlhich disclose with reasonabl¢ accuracy at any time the financial position of the charitsbl¢ mpanY and ¢nable them to enwre that the fijjancial statements comply with the CompAnie8 Act 2(Ki6. Ihy are 41x0 r¢Sn81b[¢ for safe8uardin8 th¢ asKts of the dwit4ble ompany and he4xe for takitt8 reasonable steps fty th¢ pr¢veDIioD *KI detrAi¢m of fraud wld other IeS18r1ti¢8. Thi5 R¢rt has be¢n prepar¢d in T%cordw with the 4)e¢ial ]XOViYiODS ofplrt 15 of th¢ Compatiies Act 2006 relating to 111 compfini¢& Approved by the BIArd of Tnutees on 9 May 21Y24 and si8D¢d on th¢ir b¢half by J Stonor Trth (Clmlr)
Independent Examlnerfs Report to the Trustees of Badford Blues Foundation I report to the charity truste¢s on my wMitiO]I of th¢ of th¢ ¢thnpany for th¢ y¢ar ¢llded 31 December 2023 which are set out on pw$ 9 to 19. RupomJibilld•s bdi of ryort A8 the charity trudees of th¢ ¢(rnptyy (and also its dIrl0 th¢ of law) you ar¢ responsible for the preparntion of the a¢¢ounts in accordwtt the requirthents of the Compfinie8 Act 2006 ('the 2006 Act,). Having sati8fie41 myself th&t the actounts of I1 compftlly n( ryuired to be audited uttder Part 16 of the 20(h5 Act and are eligible for ittdcpt Cxaminatio I r¢p)rt in respect of my examination of your ccmpany's accounts as carried under section 145 of th¢ Chorities Act 2011 ('the 2011 Act,). In curyin8 my examination I have followed the DiTwtiQll¥ 8ivcu by th¢ Cbwity CLmiYiOn uts4er 145{5XI)) of the 2011 I have ¢c¢npleted my ex8minati(m. I confinn that no matters have CaDe to my attention in c11nneon with thp examination giving m¢ cause to believe that in any Materi SpeLl. a¢¢ountin8 reccfds were nLrt kept in regpecl of the compw as re4uirtsJ ty clion 386 of the 2006 Ac(. oi 2. the accounts do not ac¢ord with thos¢ w)rds" or the (m)UnIS do compty with the accounting requirements of section 396 of the 2006 Act other than requir¢mcnt that the accounts give • 'trn *tsd tr vi¢w' vknich Li nLrt A matter c4)Dsidernl os part of iDdepelldent examination; or 4. the accouDts have not been w9)11 in accordar¢ with the methimh and pr1p]es of the SfAtement of Recommended Practice for accountin8 and reFKlrtin8 by chariiicg applicable to charities Fyyring their ounts in aordan with the FID8181 ReportsD8 Stalldd applicable in the UK al Republic of Ireland (FRS 102). I have no concerns and ¢om¢ o¢ro$8 other mitt¢ts in ¢omX¢ti< with tho ¢x8mination to which attention should be drawn in thi$ rert in (xd¢r to ¢ble 14 pry undc¥stwKling of the acwunts io be rea¢h¢d. IA>1$¢ Tunky FCA cfA [hA ICAEW. Charter¢d Acwunlanl 19 GoldiD8tOD Road Bedford MK40 3JY ts.. 9 May 2024
Bedford Blues Foundation Statement of financial activities (including Income and Expendlturn Account) For the year ended 31 December 2023 Total fands f•ndi 2023 2022 Inconw ald endowments Ikom: D(tiOnS and leFi¢s Clwitable activiths Other trAding activitseg Totsl iwome 50,904 103,164 42,075 10.520 109,185 61,424 212,349 42.075 95,361 237.527 41,162 196.143 I I9.705 315,848 374,050 Expendlknr• on: Raising fund8 ExpenditUT¢ on ¢harll•bl¢ a¢livi¢i¢8 16,549 227J67 3,966 94.457 20,515 321,824 14,198 289.818 Totsl expendlton 243.916 98.423 342,339 304.016 Net Imcom¢ (47.T13) 21282 (26,491) 70,034 (4.050) 4,050 Net movement in funds (51,823) 25J32 126.491) 70.034 Re¢oociliation of funds., Fund bal•nces brou8ht fonvard Fujd balaDw ¢•rrkd fOrrd 117.495 58,384 175,879 105.845 11.12 65.672 83.716 149J88 175,879 The Chlty,8 IOrn¢ and exptndtturn all rola to C4mtinuin8 opcrations. The charity ha8 no rtrA>8nIJ 8alDs IX kyes than those [lUd above. The notes to the fum121 s¢atan¢nts #130 forni p*rt of these fffjlancial ststements.
Bedford Blues Foundation Balanc• Sheet (Company number 11707550) As at 31 December 2023 21123 2022 Debtors Ca8h at bank And in hand 4198 160.801 33.385 J60.109 Total eurr•Thl Alxts 188,999 193.494 LlabllldeA: Creditors: ranounts falling du¢ within on¢ ye4r io (39,611) (17,615) Net current axets 149.388 175,879 Total Det J49.388 175,879 Th¢ fd8 of the ebarlty.. Unrestrirted funds Restricled ndS 65,672 83.716 117,495 58.384 12 Total ehAdty 13 149J88 175.879 For th¢ finan¢i41 year in question the company was entitled tr exemption under I)n 477 of the Compani¢8 A 2006 relatin8 to small wmpanies. No members have required th¢ wmpany to oiAin an audit of its aUnts f<x the yur in qu¢stioD in a¢¢ordance wftth section 476 of the Companies Act 2006. The directlxs acknowledge their responsibilty fly cornptyim8 with the requiran¢nts of th¢ A¢t with respKt to accounling records 8nd forthe prwtioD of the IoUllts. The fu]&rl&l Statements have beth pyepuoj in •¢eothce with th¢ wvisions w11 to ¢LMnpthlts subje¢t to th¢ small companies, reBime. Approved and authori8ed for i88ue by the Board of The¢S on 9 May 2024 and si8lled their behalf by A Smart io-
Badford Blues Foundation Notes to the flnancial statements For the year ended 31 December 2023 Statmltsry infornl•ti Bedford Foundation 1$ a private ¢ompwg limited by guay•thffj reltern1 in Fgland wiihin the United Kin8dom. Th¢ mPany$ re8ithered Dumber aThd re&d office addrem can be found on the Company Infomlthtion pag¢. The fmancial statements art presAt¢d in 8t¢rlitiB which is the fimctioMI CUT¢Y of the o)mp•ny rounded to th¢ n¢ar¢st £. The significant atcountittg poli¢ies Alled in the JxepAtion of these fmancial statements are set out below. Th¢se poli¢i¢$ hav¢ b¢¢n con5iSt¢ndy appli¢d to rdu years eSented unkss othep+Vi8e stat. A¢¢outhiz PDlkle8 modified to include celtsin ilems al fair value. Bedford Blue8 Fourmlation CODStitutes a public be4th entity M dcfine41 by FRS 1tr2. The fuwicial stAtemt8 been pr¢pwred in •c¢ordance W1 the Clwitie& Sthtement of RecL(nmended Practice (opplicablc to charitiL8 Fryarin8 their acwunts in accordanc• viith th6 Fin¢181 Reportin8 Standard appli¢able in the UK and Republic of Ireland IFRS 102)) (issued in O¢tob¢r 2019)- (the Charities SORP (FRS 102)X the Finan¢illl Rwtin8 Standard applicable in Ihe UK and Republic of IT¢l•nd IFRS 102) and the Comp•ni¢J ALI 21MJ6. The trustee8 ¢onsider that there no matsrial uncertaintie8 obout the charity's tbi]ity to ntinu9 a$ a 8oAng concern. The key risk to the ¢Trwity is the IKrtMtial reduction in income but the level of r¢g¢rv¢s h¢ld sUff1¢0t to miti8atr this rith for th¢ foresee&bk futhre and is not CODsidered to ca any doubt over the goin8 concern bAgiS. 22 FaDd *¢¢oullthE Unrestri¢t¢d fimds funds given the 8oneral Purp of the chaTity th¢se funds may be exp¢ndrAI on the obpcts of th¢ charity at th¢ di8r¥rtioD of th¢ ttusi•M. Restricted funds K¢ those fimd8 wbue * conditiOD Iw be¢n impsed (m their use by the donor. li
Bedford Blues Foundatlon Notss to the financlal statements For the year ended 31 December 2023 2J Ixom• Voluntary income iluding d(Thtion& gifts a1 kwi¢5 grants tht provide core fimding Lr Are of meawred with •JfficieDt r¢liabilty. Income charitable activities includes income re1Ve0 und¢r ¢4)ntrad LY where entsll¢m¢nt to 8rnnt fimding is subject to specific perFornwic¢ ¢ondition$ is as e4rned th¢ related services are provided. GTant inc(xJ)¢ included in this Gat¢gory pVide9 fundlng to SUprt rfOanCe &tivities and is re¢o8nised whue there 18 entitiemffll PTohbilty of •lld the amount be me4swAI with suffKient reliability. Income IB deferred when eit1 th¢ dor wifm thal the 8rint or dOnts must only b¢ wed in future 8ccounting year, (Y the d¢)llor ha5 impoxd ¢rndi¢ions whi¢h be met bef(Y¢ th¢ ¢Trwity h unconditional •ntidemenL Investment income is r¢coBnIs a reLY1v b•818 in the Slm¢nt of FinarKi81 Artivitle8. 2.4 Allo¢tknn olexpenditu• Expenditsre 15 re¢wig¢d on¢¢ th¢K is i legal cr conglnth¢ obligation to make a payment to a third party, it 18 probable that settlem¢nt will required •ttd the mount of the obliBatiOn bt measured T¢li¥bly, EXnd]Illre 1$ ¢Ilfied under the following activity h¢#din8s: Expenditure on charitsble xtivitie8 inchth8 th¢ co of a(iviti69 ujthrtkn to furthef th¢ purpos¢s of the Chlty and their 0¢lated supwil costs. Other exptndititye r¢pY¢g¢nts those itoms not fliti8 into othcr headin& Irrecoverable VAT is a5 0 against tho activity for which the exp¢nditiur iKurred. Expenditure on capital I18 is capitslised and iticluded within fixed assets WI1 it b¢wmes payablc. SUprt costs ar¢ tho8¢ fundions thJl usist the of the clwity Imrt do not directly undert&¢ chwitable iviti¢s. Support C(A8ts include bxk office fiD•nK wsonneL payroll a1 governanGc wsts whiGh SUPFVrt th¢ Trusts acttvities. These costs hav¢ b¢eD all(1 between c05t of Tai5in8 fund8 and exditll OD ¢horitsble activiti&8. The boses on whicb support cosLq v¢ bem illocted are set out in th¢ notw to the 2.5 GmrnAn¢e ¢ts Governance rewuent ¢XP¢Dditure illcwyed by the trues which is asxKiala with the gOvern4n of Ibe cbarity. Th¢g¢ ¢osts •Te when the liability aris¢s. 12-
Bedford Blues Foundatlon Notsg to the financial ststemonts For the year ended 31 December 2023 2.6 FiDancknl Inatrwnents Th¢ tharity onty hu fmanctal a&ts and finM¢1 liabilities of a kind that qualtfy as basic fjnanci iDstrum¢ots. Basic financial inslnrnents are initialty Twniscd at valu¢ and sub8¢quendy measured at their settlement value with tk ¢xc¢ption of bank loan5 are sUbsequtIY measured at 2.7 D¢bto Trad¢ and oth¢r debtors ve r¢eognised at thè s¢ttl¢m¢nt •mount du¢ allrf lrnde dixouDt offerfyl. Prepwn¢nts aTP valu¢d al th¢ amount PTepid D¢t of any trade diwunts du¢. Cash at bank ¢ash in hand i]1¢$ •lld thort t¢rni hi8hty liquid inveglments wlth a 8hort maIrity of three months or Iu8 frcm the dats of wuisition copIng of the d¢poxit tt similar a¢nt. 2.9 Credltora And Pro1 Creditors and PmiXiOD8 ar¢ where th? cbtirity a prestht obligoti(m re8ultinB from a PASt event that will probabty result in the transfer of fithds lo a third pty and the amount due to ttle the obligation can be measured or estim reliabty. Creditors and provi6iong are nomially reeo8nised al their settlement amouni after allowin8 ft aDy trdè diqcounts th. 2.10 Publlc Benefit Enthy coKeJth+nAry IOA Public Benefit Entity Gon%101ry lopns made Ij received aro initially mtamwtAI at the thmount paid or ¢ived and T¢wld in th¢ b•l&n¢e sheet Kwrdingly. Any CTu¢d inR¥i re<¢iv&ble or payable 18 Ihen illId Èpinst the cmyin8 valu¢ of th¢ Ic•0 in subsynt yevs. Ctrldul AttoMnthi8 Judgemets amd kny •ree• of eIdnlI0• ll•ertknty ID the applicati(n of the cknritys acc(wntin8 policies. the trustees ue requited to make judgrni¢n ¢5timates and 488umption8 aknut the carrying amount ofassets liabilities tbat arn not readily apront from other 80urces. The es¢imates associated assumptions al¢ based on historical ¢xP¢riN oth¢r The esttmtttes and undertyiD8 0&81]JDPtiODS ar¢ r¢vi¢wa on an ongoiti8 ba. Revi$ions to 8¢countin8 estInleS are ognISed in thv year in which the estimale 19 revise41 the revi8i(m affts only that year. or in the ye&r of the revision firture years where the revisi affe¢ts t)th current and future y¢JTS. In the opinion of the trustees thac are no oyitical acc0untinsiud8nejts or estim&tion thicerttiiDties withi the chaTity. 13
Bedford Blues Foundation Notes to tho financial statements For the year ended 31 December 2023 of tbe tharlty The cknity is a ¢haritsble eompfiny limited by guarantee and has DO shar¢ upitsl. In the event of th¢ ¢harity LKing wound up, liability in Spect of the 8uarant¢£ is limited to £10 per membu of the Chlty. AttatyJ• of¢xp¢llllre M charitable acliviti 2023 Staff Oth¢r Adivity Support eo•ts •tsff eo•ts 2023 Total 74,405 115.118 27,614 4.947 31695 134.714 65,144 185.209 Support ¢osts Governance costs (nots 6) I9,523 31561 32.695 66,IM4 321.823 I1 Sta (Xber Aedvlty Sipptyrt 2022 eo•ts Ctr Totsl SpM)rL 8ch(M)l and (Mmunity activiti SUprt coyts GovernaDGe co*s (DOt¢ 6) 69,661 80,882 i.ooo 33,178 4275 54,839 157,678 45.083 130240 151,543 37,453 54.839 45.983 289.818 Of thc ab)v¢ ¢xpmditur¢ for th¢ y¢8r ¢nded 31 DwMnbcr 2023. £74.405 of 51aff cost8 restricted (21)22: £41,537), £5,347 of (rther Staff costs were restrACtd (2022: £8.183). £12.447 of direct activity w5ts weT¢ restriGt¢d (2022: £27.852) £2258 of supp(Yt ww¢ t95triGtod (2022: £5.826). Th¢ b•l8n¢e of £227,366 was unregtricted (2022.. £206,420). 14-
Bedford Blues Foundauon Notsg to the flnanclal statomonts For the year ended 31 DerAmber 2023 Allocatlon ofeovern*mt• wpport ¢•)•ts is Sho below. S•pport GovernAnrt 2023 Totsl B%sl• of 4pportlo•Jtheut Staff r Oth¢T Staff Rent Travel costs oirv ¢0sts Bank cbar8¢S Insuranc¢ IT costs Professifflal fr¢$ Independ¢nt Expminltion fee$ ependent Examiner'5 fee fcr accounts Preparation setvie¢s Sundry ¢ost8 115,118 4,947 8.700 7.515 27.975 1.952 3,159 2,850 10.984 I.IxM) J16,118 4.947 8.700 7.515 27.975 1,952 3.159 2.850 10.984 420 rmle speot Invoiced coyt Invoiced cost Invoiced cost Lnvoio¢d c¢>st Invoiced co Invoiced ¢os¢ Invoithl ¢os¢ Invold 420 480 Gove Invoi¢¢d cost 185209 1,900 187,109 2022 Totsl BAJI• or •pportloDmMt ¢oJts Stsff costs Other staff co Rent TThv¢l costs 80,882 4275 81.882 4275 5,OLX) 1982 19,352 1.756 rllne sp¢nt Invoi¢ed cost Illvoi¢e4J cost Invoiced cojt nvolJ Invoiced wst Invold cost Invoic¢d tnvoi¢•4 Cost 19J52 1.756 3.666 1.519 10.050 Bank charg¢s IT rosts Prnfessional fees [ndeldent Examinatil fees IrJdep¢ndent Examiner's fee for accounts preparntion scrYi¢ Sundry 1.519 10.050 420 420 758 758 Invoic41 cost 130240 1,900 131140 15-
Bedfonl Bluos Foundatlon Notes to the financlal statements For the year ended 31 December 2023 StAff coth numb8 21)22 Wagu and 8aknie8 S(Kial security c4ysts P¢nsions 176.552 10.859 3,112 141.949 6.767 2.828 190,523 151,544 Number Stsff numb¢r• by fllmetlon: No ¢mploye¢ rK¢iv¢d rullun¢ratiffj ofmore £60.1)00 (21)22: M*). Th¢ tZUStea are )nsidered to be the key manJ8¢mlI p01 of the ¢harity. Th¢ truste receiv1 no 2023 2022 Trade deTrrto 24,640 3,558 31.786 1,599 28.198 33J85 10 Credlton: dN• withlfi year 23 Trade edIt(s Tax&tion and social 8¢cufbty ACCnlS Other creditOTS 7,590 3.72 2273 25.956 8.800 3216 4,750 849 39.611 17.615 In¢lud¢d in Oth ¢d1th ate Pensi( of £1,153 (2022: £849). 16-
Bedford Blues Foundatlon Notss to the financlal statements For the year ended 31 December 2023 11 Unreatrleted ftynd• Tra•8feTh Balance #l mOvent l• year between 31 Dot ID¢0m1 Outgofi fundj 2023 lJaD 117,495 196,143 (243,916) (4.050) 65,672 117,495 196,143 (243.916) (4.050) 65,6n It ill th¢ policy of the trustees to IKld avail¥ble re8¢rv¢g reprntin8 a miDin)um of three months of General Fund èXP¢Ddittw¢. with a target to inczwe this to six month& in ordef to ensu the activities of the charity ¢an ¢ontinu¢ in th¢ OV¢Dt of #ny v4ritition in funditi8. Six month$ of re8erY¢s equal$ apprnxim&tely £125.000). Th¢ curTeDt l¢v¢l of resV¢S held is thuefore slighY highu than the desired minimthn level and st¢ps ore b¢in8 token to build frt¢ r¥Ve5 fiuther towards the tar8d kvd of$ix month& by rAInIng unrestrided fvnds in tkn short tenn. 12 Re•trftted fam Bl•c¢ at IJ• TraA•fer• BAIADet at Movetht In bttwoe 31 Ollteol ABILITY Blues Classroom fimd England Rugby Fwnilies Fund Ki¢kst4rt Run Row Ride Ta¢kl¢ Life 6.471 1,470 7.402 1,931 9.420 (17,473) {iJ26) (13,7) (1,582) 144 4,135 1.931 10.520 27.554 4.717 1.895 51.400 (37.169) (1.480) (27,188) 19,700 61,485 3,237 7,422 Be Y(w 31.365 17.000 1.350 (17.(XlO) 58384 119,705 (98.423) 4.050 83.716 A transfer of £39 was made fr(Th unrestricted funds to restricted funds lo cover the excess of exlture over income on the Penrose Project fi. A trans of £17,000 was made from the Sports Bas¢d Pr¢v¢ntion rcgtricted fund to th¢ T8¢klc Lif¢ f¢Stric1 fund to rdk¢t th¢ f1 th8t thC income streams are part of the sarn¢ fimd. Transfers of £2,71J) and £1.350 were made to Tostiided funds Tackle Lift and Be YOU from Unre. These transf¢rs w¢rc ma(k du¢ ¢0 Te¢la&4if41lQll of th¢ IDCw. 17-
Bodford Blues Foundatlon Notes to tho flnanclal statements For the year ended 31 December 2023 12 R•strllrt fuDd8 (¢ODthiued) Nathe of fund ABILITY Blu Pwrptsx of f•nd To sups¥xt a muhFspc#t disability programme To Sup¢ the cost of th¢ FoundatiOD hub being refitted iti 2022 To suppKYt 4 multi-spcqt PTogramme for famili¢s Government fimded employinent support To suppjrt • fcff fundin8 meth f( vulntrnbk petyk dwing th¢ pnd¢mi¢ England Ru8by Fomili¢8 Fund Run Row Rid¢ T¢kl¢ Lif¢ di6advantawl chilth¢n Try to ch8¢ B¢ You To supyt a pro0Me building Confid¢n and self- es*e4n, life skills and pRllbeing io young wom¢n llnd girlg To 511PPQrt a 4& wJ8rAmme providing support to viclims of ¢ffime Sports B•s¢d Pr¢vention Pilot 13 Net aiiets held by fun C•rremt Ca•h At C•rr•D¢ Auets Bomk UAbllttlu Total UDf¢stri¢t¢d funds 2(198 77,085 83.716 (39.611) 65,672 83,716 2&198 160.801 (39,611) 149J88 14 At 31 December 2023 the chuity had no financi ¢11¢ts ct ¢(tingent liabilities (2022: £niD.
Bedford Blues Foundation Notes to tho flnanclal statements For the year ended 31 December 2023 Donotions from trustees durin8 the ycar am(Mmted to £422 (2W: fAOO). Th¢r¢ WCfV DO other related 16 ComparAtfve Stalement of Ffixalld Adfvhlea The Stat¢m¢nt of Fin1 Adivili¢8 f(v the pwiod ethJ¢d 31 D1b¢r 2022 is pr¢sffjtl for illu51ralive fun 2022 run 21n2 And endovrniexts from: Donations and Iyiej Charitable actsvittos Othpr trading activiti 90J61 169,659 41.162 5,1)00 95J61 67,868 237,527 41,162 Totsl lth¢orn• 301,182 71868 374,050 Eipendltuyt om: Raising fimdj Exptnditure oll ch8ritabl¢ activilies 14.198 206,420 14,198 83J98 289,818 Total exp¢ndltun 220.618 13,398 304,016 80.564 (10.530) 70.034 15,968 (15,968) Nct movement in fuNIJ 96.532 (26.498) 70.034 Reconciliation of fiMid8: Fvnd balm u at l January 2022 20,963 84,882 105,845 rorward at 31 December 2022 117.495 58,384 175,879 19-