Charlty Registration No 1188520 Company Registration No 11707550 Contenls Unkiudlted I1rial tements for the year eDded 3J Decem1 2024 Thi•t••¥' i•port Bedford Blues Foundatlon In•ndwtt Ex•mln•r'• r•porl St41•m•nl of11n¢1 •thlU•• 10 11 Not•• to Ilnancl•l •lthrn 12-1
Bedford Blues Foundation
Trustees. report
For the year ended 31 December 2024
The tn]stees are pleased to PTeseni their annual dioIs, together with finaD¢ial statements of the
charity the year to 31 December 2024 which are also prepared io meet the requirements for a dire¢tors' re[
attd accounts for Companies pwposes.
Th¢ financia] statements comply with Clwities kn 2011. the Conynies Act 2(, the Memorandum and
Articles of knyociation. and the ¢hariii&s SMent of Recommended Pracuce (atolicable to clwities preping
their accounts in accordance with ibe Finantial Reporting sndard applicable in the UK and Republi¢ of Ir¢land'
FRS 102) Issued in (kiober 2019.
Objectlves and actlvldes
The purposes and Objectiv of (he charily
to promote conununity participation in IalthY recreation by wovi
Bedford Blues Foundation Trustees. report For the year ended 31 December 2024 Achievements and perfonngnee Overview 2024 saw another year of gmwth foT Blues Foundatlon across key arels of our qmtion and reach into the l(Kal communily. Across ihe year wc saw 4,2(K) young people through our progratnnS and aciivation thal spanned thn)ughoul our alternative PrnVi$iOD and our rugby s¢11¢ w08rs. 2024 also enabled ihe eharity io cxpand and develop our capaciry, increasing our ttaeh througb invesling in our sthffing structure. This planned expansion directly relad to the growing need for our services within educarion setting% and a reflection of the repulation IallY of being a high quab'ty And trusted delivettr. We continued to develop our content to Cure i( meets the needs of our s¢h(K)Is and wider organisalions. This significgmtly enabled us to ensure each prograrn has relevant and current objectiV¢S that rclatc diffctly back to our values and the schooj's outcome. We saw an increase in our fundraising aciivities and income through servitts. This provided u5 With the opp)nunity io invest in the wider ieam lo meet the incre&sed demand for our ch1¢1¢8 support io young people. ImpA¢t Our aim throughout 2024 was to reach and bcncfit at least 4,(KK) children and young people and we were pleased lo see our reach grow by over 41M) con4)ared 10 2023. We c105ed th¢ year with a reach of 4.2(X) participants, all of whom collectively visiled our sessions over 20,(KKJ limes. These figure$ are ttfl¢ctive of our two delivery methods which includes our ¢ommuniry rugby programtnes. and outreach interventions. Boih our Community Rugby and Ou¢rca¢h (kpartments saw incre1 in d1r reach and impact. Our 2024 rforniance indic&ors are as follows: 4,2(K) childttn and young Exople reached iFtrough our tffogramllm. 20,424 throughput (numlxr of unique visits to our sessions). 52% males 148% Females. 38% from deprived wards in Bedfordshire. 23% from a cullurally divts5e community. 21 % with a disability. 3,593 children {wiihin the 4.2(Ki) experienc our communiry rugby and school sEx>rt programmes throughout the year across Bedford Borougb and Central Bedfordshire. This increase 5itice 2023 reflects the intr(Mluction of the Rugby Fooibajl Union's Sch] Rugby Managers (SRMS) programmes, where Blues Foundation are 8 funded partner of programme. This programme enabl¢d us to ch mffe schoo15 and provide rugby to new audien¢es. splf1¢allY, girls, rugby and promoting these in typically non rugby playing schools. The SRMs programme includes 39 other fuDded partners aOsS the countty. we are very graieful to be part of the programme and coll¢¢liYely increase rugby participation abead of the women's rugby world cup in 2025. As primary schools recognise tbe Whole-schl benefits from increased activi(y levels from pupils, we were delighted to irKreas¢ our provision in this atea, exposing children and young people our unique offer as a Ch1¢Y. We ajso fUSed on sharing Rugby's values and using our professional gbY players as inspiration for children to rais¢ &spirations.
Bedford Blues Foundation Trustees, report For the year ended 31 December 2024 Impact (contlDued) Rugby's values: l. Teamwork: Essential to the stM)rt, tramwork involves welcoming ncw membu4 workin8 s¢]fies$ly for the re and raking Pride in Collective effons both on and off the field 2. Respect: Mulual re$trti forms the basis of rugby, including respect fcT the Si. its traditions. match officigjs, ¢)pposiuon players. supp)rters. coaches. and clubhouses 3. Enjoyment.. Rugby is played and supEN)rted for enjoyrnent, encouraging players to have fun, adopt a healthy lifeslyle. atLd build lrfe skills 4. Discipline: Strong dI1p11ne underpins rngby, ensuring controlled physical endeavour. honesty, fairness. and adhcrcnce lo the laws of the game 5. Sportsmanship: The fOund10n of rugby, swytsmanship involves camarad¢ri¢. fair play, getosity in victory, dignity in dcfcai, and WAoritizin8 the wcll-beitig and development of players One year 5 teacher from Hazeldene Primary sch1 Wre. "It was lovely io see ihe childrtn engdge dndembrace ihe opportimiry to learn more about rugby, We so lucty io have BedfordBlues as part of our commurrity. The c(whes were incI1ve encouraged oll rhe children. The weekly le.fsons were someihing ihoi the children lookedfvnvard fo artd ir was 8real to see how many of ihem attend¢d the a&lilional 4fier-school club." An As8i$ratit Head Teacher, LiviDgstone Primary SchcM)l also said: "Bedford Blues Foiuthtion's RM8by ¢vd Numbers programme has been amrtzingfor ourpupils, helping ihem build confidence in Mh3 while learning l¢¢TmwoTL re5peci, ond resi1nCe. The mix of maths. rugbv, and nnIOn8 has st4PPOrted ourpmpils. 8rowih both dcademicallv andper50naUy. We're so gralcfulfor ihe work Tom and his lei7m have provided." Our work yupp)rting vulnerable teenasers continues to mAke a eonsidernble difference in the local comrnunily. OUT outreach programmes grew after an increase in mluiries from secondary s¢1)S. The programmes use rngby's core values to addT¢SS challenges with altsinmeni in school and ixhaviour, as well a6 combat issues with mental and physical wellkin8. We continued to embed our Tackle LIFE FYogramm¢ in schools throughout Bedford Borough and Central Bedtordshire. The PTogramme uses srt as a tool lo develop soft skills in young teenagers who might struggle lo develop these are&8 in school. Secondary schools refer these studeDts lo the Program and our Hub at Goldinglon Road wh¢ they experience a vanety of S[[$, men(oring and visits from exiernal providers. Throughout 2024. we saw 102 young people through Tackle LIFE 68% were male and 32% fernale. 82% of these participants lived within deprived wards in Bedford atMI 52 wae from cuittwally diverse communities. Feedback from schools continues to bc Ex)sitive and ted for these prograrn is in¢re&$ing. We continually monitor the progre$8 of students throughout Tackle tJFE, we do this througb our self-evajualion process which is completed by ¢a¢b young person. This allows us to understand how student5 felt at the slart and end of the programme and provide an improvement score. Across the prOg[amn In 2024 students improved their employabi]ity by 65%, resilience by 60% and Mental H1th by 55%. We also Ik their inwoyements in communication, leadership and physical health.
Bedford Blues Foundation Trustees, report For the year ended 31 December 2024 Impact (conthiued) This c&8e study Comes from a student Iated in one of Bedford's most deprived wards and highlighis imw>vcmenis made during the programn. Studenl B was referred onto the prngrd for concerns around her th"sengagement in sch(M)l and issues with tMY)r mental health. It evident that B was strong academically bu( school may noi a thTiving environment for her. She engaged in all scssi¢)ns bul was often led &stray by another w in the session who did not wani participaie. We Saw B's real growth in the 'mento1 lThlth' week wbere she opened up about her eXrienCeS and identified the relationsbip between her actions and wible consequences. We have sin¢e scen a positive shift in her behaviour, where shc h&s adopted a mature Owth mindseL demonstrated resilience and has mthle more PN)siiive choices inside and ourside of schwL where she has sutroundcd hself with posilivc fricndships and improved her relationship with farnlly. Plans for the futiwe and strategic planning This w&$ the final year of our initial 2021- 2024 slTalegy. This thrce-year strategy aimed to guide our charity through the pandemic and steer us into a period of growth thai responded io the need l¢xaUy. We are delighted to have exceeded thcst targeis and 2024 proved that there continued to be a consiknbl¢ need for our Se1¢¢8 and programmes by y¢)ung people in Bedfordshire. 2024 saw our plan8 for our 2025- 2028 strntegy tske place, where 2021- 2024 h&$ provided a plarforn) and base (o continue supporting some of the county's most vulnerabl¢ youn8 [p]e, as well as enhance our offer and presenc¢ across thc town. In 21Y24 we consulted with and exisiing slakeholthrs io shape our Strategy and undersiand where our supp)rt can fiu wider g8P8 in PTOViSiOnS. CIMrily growth The Foundation conrinued lis planned growih in 2(Y24, with seven full-time staff and six pon-time. This ex[Wl¢)[l of part-tin staff bad enabled us to increase the nwnEtr of schwts and young people we were able to Support throughout the year. Our straiegy for 2025- 2028 18 now in development. 2024 b&s left the ¢hoTity in a strong strategic place to build into our next fixr-y¢ar stra8y. As highlighted above, the introduction of our Fundraising Manager on a pan Thme b&sis enabled us to make new connections in local business and viith community organisations. Their creauon of our Sponsor a Student scheme has provided an OPPOLtuniry for businesses of a vatiety of levels to support our work and contribute iowards our drive to pri)mote positive lifestyle c11CeS. Blues Foundation is an depelldenI clwiry led by tsvsiees passionate aboul the impaci our work has, providing an extensive $kills¢i designed to guide the ch8tity to meet its ob]'ectives and provide excellent standards 10 governawe.
Bedford Blues Foundation Trusiees. report For Ihe year ended 31 December 2024 Inancial Revlew Unrestrictrd incorne amounted 10 £296,285 for the year (2023: £196,143) and reslricted income was £114,900 (2023: £119,705). Of th¢ total income, £70.622 w&$ income from donations (223. £61,424) and £340,563 was gralli and oiher charitable income (2023.. £254.424). Total expenditure w&8 £453,952 (2023.. £342.339) of wbich £326.010 was unreslTi¢ted (2023: £243,916) and £127,942 was restricted (2023.. £98,423). Ai the year end lotal unrestricted funds were £43.843 (21Y23: £65.672) and restriclcd funds were £62,778 (2023: £83,716). 2024 saw us raise £411.(KK) acr(Ass the calendar year, this an increase 01 £88.(XX) secured through fundraising activities. Thi's reflects significani growth in our SeIce$. providing m(xe opp)rtuniiy for schools lo access our programm and mitTofs the expecred gTowth predicied in our charity. planned investmenl in capaciiy and stsffing saw our expenditure increase to c. £450,(KK). providing us with a strong platfonn to meet the needs of our lo¢al community. Heading into 20, the trustee's And operational tram have an ambitious rarget to overturn the deficit and deliver 88ainst ILS susiainabilily and fundraising targets. We saw a general in¢re&se in our donati() ihrough event8 and bjndraising activities across the year. We Launched our first Blues Banger Rally in 2024 whlch saw 9 c4ts Journey across Europe in aid of our Chariry. This was a large undenakiog and resulied in £38,(KKI raised for Blucs Foundation. We also saw uplifis ID Other events, includin8 our Golf Day and Charity Ball. This increase ¢ame result of new events, and inveslllMI in a new role focused on Fundraising. Our Fundraising mat¢ joined ihe Foundation in January 2024 10 enhance our prof¢ amongst local businesses and secure long terni unrestrlcied investment into our chatiry. We un<krsthnd the need for lon8 iemi funding inio our organisalion, equally acknowledge that this Tole will rakn time io ingrate Iwglly. we exFtct lo See a retUTn on invetitmenl in year two if the role and WILI be reviewing Pro$ qUarY throUot 2024 and 2025. Reserv¢s Policy It is the policy of the trustees lo hold available reserycs representing a minimutn of three months of General Fund expenditure. with a targcr ro inCree th1.5 to six montlLS. in (th lo ensure the acftvities of the charlty can continu¢ in the event of any variation in funding. s moDths of reseryes equa]s approximately £I50,(MXI. Ai 31 December 2024 the free reserves of the charity were £43.843 (2023.. £65.672). Tr current level of reserves heid is theref(¢ less ihan the amount the trustecs feel is nessary to hold bui step5 atr being taken to build free r¢s¢rves to the required level by retsining unrestti¢t¢d funds in Ihe short ternL The truste¢s aTe monAtorin8 the level of reserves on an ongoing basis and f1]ng tbi5 into their de¢isions aCCng]Y.
Bedford Blues Foundation Trustees, report For the year ended 31 December 2024 Reference and adminkntive details Chariry nllrnr. 1188520 Company number,. 11707550 Trustees and administrntors Trustees: J Ston(v- ChaiTn V Brdding S IA)usada M Onner(xl WJ Pearson A Smart R McKinley (app)inied 12 Septembu 2024) A Wilkinson (aPInted 5 December 2024) The trustees are the d11toIS of the charitable cwy (tk chariry) for the putpses of company law. The administration to whom day io day marlagemenl i¥ delegated: Mr T HarWol The princip addres8 is: Bedford Ru8by Club Goldington Riwl Bedford MK40 3NF The principa] bankers are: Handelsbanktn 2 Fl(K)r Clifton Hou8¢ 4& Goldington Road Bedford MK40 2NF Ac¢ountants: Monico Trnley Limiied 19 Goldin8ton Road Bedfotd MK40 3JY Indend¢llt Examiner: tDuise Tunley FCA A DCbA 19 Goldingion Road Bedford MK40 3JY
Bedford Blues Foundation Trustees, report For the year ended 31 December 2024 Strncture, Governance and Management Governing document Bedford Blues FouJ)dation is a company limid by gu8r8ntee and governed by its Memorandum and Articles of Association dated 3 Ik¢ember 2018 I8r super8cd¢d by its Memorandum and Articles of Ksso¢iation dated 12 Morch 2020. 11 is Tegistered as 8 chariiy with the Charity Conllnission. Anyone over the age of 16 can become a member of the company. The minimum number of mmbers is 5 and thetc is no maximum. Eath rnenther agrees to ¢onttibu(e £10 in the event of the cftwily winding up. The trustees aim to meet at least quarterly, and more often if circurnslances require it. All strategic discussions and decisions are lakeTh by the main Ih)dy of trnstees at their meerings ID relation io the nmning of the chazity, the community facilities and the activitie$ provided by Ihe charity. The overall aOunbIlItY of the Foundaiion is th¢ responsibiliiy of the trusltts, working through the He1 of Foundauon who h&8 day-10-day responsibility for the operational man88emeni of the Foundation and leadership of employees. ReCruItDllt and appolntment oftrus¢ees New ttwstecs appoinied through an otxn re¢¥uitmeni pr¢S$, managed through the Foundation's Nominations CommAll¢e. The Foundation is dedIced io being an equitabl¢ orgaDiSAtion, and airning ¢0 become ffpresentative ot the communily il serve$. Poleniial tNslee8 are given more details of the ehariiy's ain]s and activities. Ef existing tTusiees age, they aTe then proposed a5 new truslees at Ihe subsequent tNstees' meeling. This process allows due consideration of the person's eligibilily. personal compeience. specialist knowledge and skills. Inductlon and ThL8tee tr#lnln8 When new trustees join they are given an inforn)al introduction io their rol¢ within the charity and their le881 sponsibilities. All Irusiecs are required read the neLYssary Chariry Commission guidance on becoming a Islee. Key Management Personnel The trustees consi(kr themselves to comprise Ihe key managemeni personDel of the chilY in charge of directin8 and controlling the charity. All trustees give of their lime freely and no TNstee remuneration w&8 paid in the y nor were any expenses reimbursd The pay of the ehariry's staff team is reviewed annuajly by the trustees. The trustees teguiarly review the risk asscssllLents undertaken by Ilrm and by the V10% charity aclivilies. The tNst¢es are salisfied thai systems ar¢ in place to Identify lle the risks which arc i&ntified. The principle risk faced by tbe chariiy is the reduction in income meaning sufficient funds may Doi be available to Cover the ¢xpenditUTe. The tru51ees consider that this risk is adequalely mitigated by their w)li¢y of holdmg sufficient ieserves in order (o eLsure the activities of the clwity can continue ill the eveDI of any variation in funding while alternative fidIng SoUrS are U[ed.
Bedford Blues Foundation Trustees, report For the year ended 31 December 2024 Stalen1¢ ofTnLstres' respondbllltles The trustees (who are also the direcm of Bedford Blues Foundation for the PU4M)ses of comp8ny law) are responsible for prepaling the Tslee5 Annual Re[rt and th¢ financial statements in xcordance with applicable law and United Kingdom Accounting Swidatds (United Kingdom Genttally Accepted Accounting Practice). Company law requires the tntstees io wepare financial slatemen(s for each financial year. which give a true and fair view of the sla(e of affairs of the charitable Company and of the iwoming rcsources and application of resources, in¢luding the I[Me and expenditure, of the charithble company for thai year. In preparing these fjnancial slatcmenrs, the are required to: select 8Uitable ac¢ountitig trt)li¢ics and then apply them consislcntly: observe the m¢th(Kts and principles in the Chariues SORP 20]9 (FRS 102): make jvdgemenls and esiima(es ihai are tt&8onable and prudent; s1C whether applicable UK Accounting Swidanls have been followed, subject to any material deparrures disclosed and explained in the financial srwemcnts; prepare the fjnancial st8mentS on the going concern bLSi$ unless it is inappropiiate to presume thai the hatitabk company will coniinue in operation. The trustees arc responsible for keeping adequate accounting recdS which disclose with reasonable accurncy at any time the financial position of the charitable company and enable them to ¢nsure th81 ihe fina181 statements comply with the Companies Act 2Crf)6. They are olso Its5]ble for safeguarding the assets of the ehaTitsble company and hence for taking reasonable sws for the prevention and thi¢¢tion of frawj and other igUlarities. This Report h&$ been ppared in accordance with the special provisions of part 15 of the Companies Act 2006 relaling lo small companies. Approved by the Board of Trustees on 5 June 21r25 and si8ned on thcir b¢half by J Sionor Trustee (Chair)
Independent Examinerfs Report to the Trustees of Bedford Blues Foundation I report to the charity trustees on my examIn10n of the QunIS of the company for the year ended 31 December 2024 which are &et oui on pa8es 10 to 20. RL8ponsibilities and blS of report As the ehariry mistees of the ¢ixnpany (and also it5 dirrtt(Ks for the Pe5 of cotnp8ny law) you are responsible for the weparation of the accouttts in accordance with the requirements of the Companies Act 2(X)6 I'the 21KKI Act.). Having satisfied myself that the acc<yJniS of the company are nol required to k audittsj under Part 16 of the 2(K)6 Act and are eligible for in(kpendent exarninatiotL I in reS¢t of my examination of your company's ounts &s carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In caing out my examination I have followed the Direthions given by the ChaTiiy Conunission under section 14515)(b) of the 2011 ACC. Independent examlner's ststenl Since the charity's gross income exceeded £250,(xX) your examiner muqt bc 4 member of a b(xly listed in section 145 of ihe Act. I confimi that l arn qualified io Underke the eXamin10n beuuse l am & membeT of the Insritute of Chartered Accountants in England and Wa]e4 whith 1$ one of the listed b(Kli¢5. I have completed my exatDination. I confimi thal no m411ers havc come 10 my attention in conneciion with the examination givin8 me cause to believe thai in any material resp1. accounting rcc(Yds were not kepl in respcci of the company &% requi1 by section 386 of the 26 Act. or the COuntS do not accord with those r¢¢ords' or the accounls do nol comply with the accounting rcquirernents of section 396 of the 2006 Act other than any requirement thai the accounts give a '¢Tue and fair view, which is a matter coTrsidered as part of an independcnl examination; or thc occounts have noi been prePad in accordance with the methods and principles of Ihe Sittement of Recommend¢d Pr8Ciice for accounting and rep)nAn8 by charities applicable io charities prepiwing their accounts in accordance with the FinarKiai Reporung Standd applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have coo)e [0$$ no other matters in ¢¢)Dn¢¢tion with the eXaination to which altention should be drawn in this rert in (Kder io enable a prOr underthding of the accounts to be reached. Louise Tuniey FCA A DChA ICAEW, Chartered Accountanl 19 Goldington Road Bedford MK40 3JY Dale.. 5 June 2025
Bedford Blues Foundatlon Statemenl ol financlal actlvltles (Including Income and Expenditure Account) For the year ended 31 December 2024 Totsl ruDds 2024 To¢al funds 2023 rqmds 20 2024 IncoD)e 8nd endowments from: I)onalions and legacies Charitable activities Other tradin8 activities Total Incon 70.622 102,568 123,095 70,622 217,468 123,095 61,424 212.349 42,075 114. 296,285 114,91XI 411.185 315,848 Expendlture on: Raksing fvnds Expenditure on charitable activities 57.745 268.265 480 127,462 58.225 395,727 20,515 321,824 Totsl txpendfiture 326,010 127.942 453,952 342,339 Net Income (29.725) (13.042) (42,767) (26,491) Tran$fers beiween funds 7.896 (7.896) Net movernent in funds (21.829) (20,938) (42.767) (26,491) Reconciliation of funds.. Fund balances brou8hi forward 65,672 83,716 149,388 175,879 Fund balAnces carrfed fonv*rd 43,843 62.778 116,621 149,388 The Chatity's i.ncome and expenditure all relate to coniinuing operations. The Charity has no recognised gains or losses (Aher than those Included ab)ve. The notes to the financial slatemenrs s0 f(tm part of these financial statements. io-
Bedford Blues Foundation Balance sheet (Company number 11707550) As at 31 December 2024 Notes 2fj2A 2023 Currenl aw¢ts: Debtors Cash at bank and in hand 4&139 91,YlO 28.198 16A>,801 Total eurrent assets 138.1(YJ 188,999 Uabllltles: Creditors.. amounis fallin8 due within onc ycat io (31.488) (39.611) Net eurrent Sets 106,621 149.388 Totsl ne¢ wets 106,621 149.388 The funds ofihe charlty: Unreqiricled funds Re5tt1ci funds li 12 43,843 61778 65,672 83.716 Totsl charlty Thmds 13 106.621 149,388 The notes to the financial slatenwii$ also forni pan of these finAticAai sthien)cnts. For rhe fmaJ)cial year in question the company was enlitlcd to exemption under 3tion 477 of the Companies Act 2(Th rela(ing to small companies. No members have required the cotnpany to 01n an audit of its accounts for the year in question in a¢¢(rdAnce wilh section 476 of the Companies Act 21J)6. The directors acknowledge their respnsibility for complying with the requirements of the Acl with respect to accounting records and for the prepatIon of the accounis. The financial staiemenis have been pr¢pat¢d in accordance with the EYOViSi0rts applicabk to companies subject io the Sn11 companies. regime. Approved and auihorised fot issue by the Board of Trle¢S on 5 June 2025 and signed thelr behalf by A Smart Trustee (fre45urer)
Bedford Blues Foundatlon Notes to the linancial statements For the year ended 31 December 2024 ststutory inforntion Bedford Blues FoUndlOn is a private company, lirnited by guarantee, Tegistered in England wiihin United Kingdom. The company's regi51ered number and regisleTed office address ¢an be found on the Company Information page. The financial ststements aff Present in Strrling which is th¢ fUn¢tIon cutmKy of the company and rounded 10 thc near¢st £. The signifi¢anl accounting policie$ applied in the preparation of thase financial statements ate set ou¢ below. These rK)li¢ies have been consislendy applicd 10 all yeS prcsent¢d unless otherwtse stated A¢¢oun¢ln8 polldes 2.1 Artounthig convention The financial statements have been prepared on a going concern basis der the historical cost convention, modified lo include certain iiems fair value. Bedford Blues Foundation constitutes a public benefii entiry as defined by FRS 102. The financial slaiemenis have been wepaTed in accordance with the Charities.. Siatemeni of Reconimended Prathice (applicable to charities preparing their accounts in accordance wirh the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102)) (issued in (kiober 2019)- {the Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Comp)anies Act 21. The trustees consider that there are no me[la1 uncertainries about the chwity's abilily lo continue as going concern. The key risk 10 the charity is the tentIal reduction in income bui the level of reserves held is sufficienl to mitigate this risk for the foreseeable fUe and is Doi co81dered to cast ally doubt over the going concern basis. 12 Fund AeeOUntlDg Unreslricled funds are lunds given for the general purp)ses of the cknty and these funds may be ¢xp¢nded on the objects of the charity al the discretion ot ttvsiees. Dcsi8nat¢d funds are unrestri¢l¢d reserves but represent funds set aside for sFxcifi¢ projects by the trustee$. Restiicted funds those funds where a condition been imp)Kd on Iheir use by the donor. 12-
Bedford Blues Foundatlon Notes to the flnanclal statements For the year ended 31 December 2024 13 Income Volunt2ry income including donwioDS. gifts and legacies and grants provide core funding or are of general nature are recognised where there is entitlemenl. wobability of receip( and the omount can bc measuted with sufficient reliabilily. Grants and donations for capitsl purposes are recognised on x receivable basis. lThcom¢ from ckniable activities IJ)cludcs income received under contrath or where entidemeni lo granl fullding is subject to specific Frrfornjance conditions is recognised as earned as the related services are provid¢d. Grant income included in this cagOry provides fvnding to SUkwI perfornw)ce activities and is r¢cognised where there is entitlemcnl, probabiliry of receipt and Ihe 8mount can be rne&sured with sufficieni reliability. Income is deferred when either the donor specifies thai the grani or donation mu$¢ ¢miy be used in futu accounting year, or the donor h83 imposed C(ltiOnS which must be mci iKf(rt the charity has unconth"tionAI entitiemenl. Investment income is tecognised on a receivable basis in the StsmcD¢ of Financial Activities. 2A Alloeatlon of expenditure Expenditure is recogmised once there is a legal or constrnctive obligaiion to make a paymcnl 10 a ihird parry, it is probabl¢ that settlement will required and the amount of the obligation can be me&8ured reliably. Expendimtt is c1&8sified under the following activlty Iad88. Costs of raisin8 fvnds ¢omprise the costs of generniing volunt8ry income and any trading costs, Expenditure on chari(able activilies in¢ludes the costs of activities underk¢n to further the purpos¢s of the chIlY and Iheir asswiated support costs. Other expendi¢uTe rcpTesents those iiems noi failing into any otIr hcading. iTrxover8ble VAT 1$ charged as a ¢osl against rhe activity for which the cxErnditure w&$ incwred, Expenditure on capital items is ¢aptalised and included within fixed assets when it becomes payable. Support costs are those fun¢lions that &8sisi the w(Yk of the ch8riiy bui do not directly undertake charitable activities. sUprt costs include back office costs, finanet. personnel, payroll and governance costs which supp)rt the TSIS tiVi¢l¢s. These costs have been allLKa(ed between cost of raising funds and expenditure on charitable tivItieS. The b&8tt on wbich supwKt $18 have ten allocated a set out in the notes lo th¢ accounts. 15 Governance costs Governance ¢(A8ts represent exFenditure Inu]ed by the tnlstecs whith is &8SOCiated with the governance of the thatity. Thue costs are recognised when the liabiliry arises. 13-
Bedford Blues Foundatlon Notes to the Ilnanclal statements For Ihe year ended 31 December 2024 The chan'ty only has financial assets and financial liabilities of a kind thac qualify &8 basic finallciai instrumenls. Basic financial instruments are initially recognised al transaction value and subsequently me&suted at their settlement value with the exception of bank loans which are subsequently measured ai amortiscd cost using the effective interest mcth(*J. 17 D¢blors Trade and Ixher debtors are rccognised at the ltlement amount due after any tra(k discount offered. Prepaymenis are vaiucd at the amount prepaid ncl of any ttade discounls due. 2.8 Cash al bank and in hand Cash at bank and casb in hand includes cash and slmjrt rcnn highly liquid investsnenis with 8 $hori mADJriry of three months or less from the date of acquisition or opening of the deposit or similar account. 19 Credlton and provlslo Creditors and provisions arc recogniscd where the clwity has a Present obligatioD ffsulting from A pas¢ event thai will probably Tesuli in the transfer of funds ro a third party and the amount due to 8ettle the obligation ¢an k njeasurcd or cslin]aied reliably. Ctedilors and provisions ate nOrnllY tecognised at their settlemenl amount after allowing any tra(k discounis due. 2.10 Public Bentfjt Endty COn(loary loan8 Public B¢nefii Entity ¢on¢¢ssi(Mary loans made and rc¢¢iv¢d iniiially measured at the amount paid or rtreived and Te¢o8nised in the balan¢¢ sheet a¢c(Jrdingly. Any a¢¢Tu¢d intrresi receivable or payable is then adju51cd agAiJk3t the Cgllying valuc of Ihe loaD in subseqll1 years, cr1111 a¢eoun¢ln8 Judgennts key sourw of e81im4llon In the application of the charity's COUntIng Policies. the trllstees are required to make judgements, estimates and assumptions about the Caing atnouni of assets liabilitie8 thai are noi readily apparent from other sources. The estirnates and &ss(Kiated asSurnptio are b&sed on histlca1 experience and other factors thai are considered to be relevant. Actual results may differ from these estinteS. The ¢stiUte$ and underlying sUIn110ll5 are reviewed OD an ongoing b&sis. Revisions ro accounting estimates are recognised in the year in which the estimate is revised where the revision affects only that year, or in the yeaT of the revision and futurc years where the revision affects both curreni and future Y¢s. In the opinion of the tsvslees there arc no criiical accounting judgemenls ¢x estimation uncertainties within the chariry. 14-
Bedford Blues Foundation Notes to the financial statements For the year ended 31 December 2024 Legal sl?tu$ of the elwity The charity is a Chariiable company b'miied by guaraniee and has no Sha ¢4)its]. In the event of ibe charity being wound up, the Jiabiliiy in restttt of the guarantre is lirnited to £10 per tn¢mber of the chality. Analysis of expendlture on charitalAe 4c¢lvltles 2024 Othtt Activlty Supw>rl 2024 Totsl Sport, Khool and commutiiiy activities Support costs Governance costs (Jjoie 6) 158,736 88,156 19.209 3.1 39.733 217.678 84,803 176,149 1.9(K) 247,892 22,399 39,733 85,703 395,727 2023 Staff Other Acdvlty Sup( Costs 8tsif¢osts 2023 Tolal Sport, schwl and ¢ommumry activities Suppon costs Governance coms (note 6) 127,285 62,238 27.614 4.947 32,695 187,594 65,145 132,330 1,900 I),523 32,561 32,695 66,045 321,824 Of the abovc expenditure for the year ended 31 December 2024, £96,591 of staff costs were restricted (2023: £74.405). £8.708 of Ot1 staff costs were reslTicled (2023.. £5,347), £20,947 of direct aclivity costs were restricted (2023: £12,447) and £1.216 of Sup[ costs were restric*d (2023: £2,258). The balance of £268,265 was unreslricl¢d (2(r23: £227,367). 15-
Bedford Blues Foundatlon Notes to the tinanclal statements For the year ended 31 December 2024 Allocatlon of governantr and supp>rt eosts The breakdown of supw)rt costs and how these were all(ed betyn governance and other sUp[rt costs is shown klow. Sllprt Govern8n¢e Costs 2024 Total Basis or apportlonment 202A Staff costs Other staff costs Rent Travel ¢08ts 01CC costs Bank tharges Insurance rt costs Professional fees tndependent Examination fees Independeni Exatt)iner's fee for ount4 preparation services Sundry costs 88,156 3.190 I.(KKI 89.156 3,19) Tiff£ spent tnvoiced cost Invoiced cost Invoiced cost Invoiced cost Invoiced cosl Invoiced cost Invoiced cost Invoiced cost Governance Governance 3.221 31,195 2.881 4.928 5.403 24.781 3,221 31,195 2.881 24.781 420 420 2,794 2,794 Invoiced cost 176,149 I. 178.049 Support Governan B#sts of *pportlonment 2023 Total Staff Cosls Other staff costs Rent Travel costs ofricc costs Bank charges Insurance rr co$t$ ProfelOnal fees Independent Examination fees Independent Examiner's f¢e for aCnIS preparation servic Sundry costs 62,238 4,947 8,7(K) 7.515 27.975 1,952 3,159 2,850 10.984 I,(XK) 63238 4,947 8,7(K) 7,515 27,975 1,952 3,159 2,850 10,984 420 Tirtt spent Invoiced cost Invoiced cost Invoiced cosi Invoictd cosl Invoiced cosl ]nvoiced cost Invoiced cosl Invoiced cost Governonce 420 2.010 2,010 Invoiced cost 132.330 I. 134.230 16-
Bedford Blues Foundatlon Notes to the flnancial statements For the year ended 31 December 2024 S¢aff cwts and number5 2024 2023 Staff c(LSts: Wages and salaties Social security costs Pen¥ion8 230,903 13,650 3,339 176,552 10.859 3,112 247,892 190.523 2024 Number 2023 Number Staff nwDbers by fun¢llon: Management and AdministTatson io io The ¢harity considers its key mana8emeni Fus(Mcl io ¢omwise ihe Head of Foundation and the Operations Manager. The totaj cmploytlleni benefiis of the key ngeMent Frsonnel were £71.519. No cmployee received remunerntion of more than £(A),(XK) (2023: none). Trn$¢ee$ The truslces received no rcmuncration n(K any re1Mbued exnseS during the year (2023.. £nil). Debtors 2024 2023 Trade debior$ Prepayments 42.940 3.199 24,640 3,558 46.139 28,198 10 Creditors: amounts r• due withiD one year 2023 Trade creditors Taxation and Sla1 secwity Accruals Other editOrS 14,271 1,8(Xl 2,847 12.570 7,590 3,792 2.273 25.956 31.488 39,611 In¢luded in otber ctethtors are 10n cosls of £570 (2023: £1.153). 17-
Bedford Blues Foundatlon Notes to the flnanclal statemenls For the year ended 31 December 2024 11 Unrestrfrted funds Transfers Balan 4¢ between 31 Dec funds 2024 ljan Movement kn year 2024 IncoD)iDg Outgoing General fund 65.672 296,285 (326,010) 7,896 43.843 65.672 296.285 (326.010) 7,896 43,843 It is the policy of the trustees io hold available reserves rewesenting a minimum of three months of General Fund expenditure, with a target to increase this ro six months. in order lo ensure the activities of the chaTiry can continue in the eveni of Any variatioj) in funding. Six months of reserves equals ar4)roximately £150,000. The current level of teserv¢$ held is therefore less than the amouni the tsuSS feel is necessary io hold but steps are beltig taken io build free reseryes io the required level by retsining unrestricted fi]nds in the short terni. 12 Restrleted funds Transfers Balance At between 31 Dec 2024 Movement In year 20U Incomlng Oulgolng ABILTTY Blues Classr(M)m fund England Rugby Families Fund 'ckstart Run Row Ride Tackle Life Try io Change Be You Spons Based Prevcntion (1.582) 144 4,135 1,931 {1.039) 11,123) {15.843) (621) 979 iO,(KK) {1.708) (1,931) (6,9M) 34,C 61,485 3.237 7,422 33.7(KJ (78,(I)5) 50,580 3,237 11.290 35,2(X) (31,332) (34.(KX)) 83.716 114.( (127,942) (7,896) 62,778 A transfer of £979 was made from unrestricted funds to restricted funds to cover tbe excess expenditure over income on the C15r(M)m fund. Transfer5 of £1,931 aDd £6.944 were made frorn restricted funds Kickstart and Run Row Ride to unrestricted. These transfers were made du¢ lo redassification of costs. A transfer of £34,(KK) was made from the Sports Based Prevention restricted fvnd th the Tackle Lift restri¢t¢d fund to flect the fact that these in¢om¢ streams are part of the same fund. Funding is expected for the ABILrrY Blues and Englajid Rugby Families Fund in the following financial year lo clear the deficit balances whith exisicd at 31 December 2024. 18-
Bedford Blues Foundation Notes to the flnanclal statements For the year ended 31 December 2024 12 Restrtcted funds (continwl) The following TestriLtid funds wtre operntlon during the year. Name of fund ABILrrY Blues Classroom fund To supp(ff( a multi-SPOrt disability programme To support th cost of the Foundarion hub Ixing refiiied in 2022 To supp)rt a tThulii-swt programm¢ for families G)Yernmenl fundtd employmenr supp)rt To Supp a campaign for funding meals vulnerable )ple during the pandemic To support an eatly iniervcntion prOamMe suptmyting disadvantaged children To support an adult weighi management programme To support a programn for building confi<knce and self- life $kills and wellbeing in young women aDd girls To support a 5EXts pro8Tamme providing suppori to victims of Crime England Rugby Families Fund Kickstart Run Row Ride Tackle Life Try io ange Bey Spons Ba8ed Prevcntion Pilot 13 Net wets held by funds Current Cash at Current Bank Ll¥bllltles Total Unre$tri¢trd funds Restii¢led funds 46,139 29.192 62.778 131,488) 43,843 62,T18 46,139 91.970 (31,488) 106,621 14 ThMncial commltments At 31 December 2024 the ¢harAiy ld no fMan¢1 crmnrnilrnents or contingent liabiliti (2023: £nil). 19-
Bedford Blues Foundatlon Notes to the flnanclal statements For the year ended 31 December 2024 IS Rdated party transactio Donations from rnjsttts during the year amounted to £750 {2023.. £422). There vKre no other related party transactions during the year. 16 Comparatjve Statement of Flngndal Activldes The Statement of Fin8ClaI Activities for the wi(xl ended 31 December 2023 is prcsenied for ilLustr¥tiv¢ PUfP05eS, Unrestrlcted ResttlrtAI Totsl funds t)mds funds 2023 2023 2023 Income ond endoivments from: Donations and legacies Chariiable acuvities Other trading activities 10,520 61,424 109,185 212,349 42,075 103.164 42.075 Totsl Ineome 196,143 119.705 315,848 Expendlture on: Raising funds Expenditure on charitable activities 16,549 227,367 3,966 20,515 94,457 321,824 Total expendlkn 243,916 98,423 342.339 Ntl Incon {47.773) 21.282 (26,491) TransfeTS between funds (4,050) 4.050 Net movement An funds (51.823) 25.332 {26,491) Reconciliation of fimds: Fund balantts ai l janu 2023 117,495 58.384 175,879 ronvml at 31 December 2023 65,672 83,716 149,388