Charlty Registration No 1188520 Company Registration No 11707550 Contenls Unkiudlted I1￿￿rial ￿*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 di￿oIs, 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 S￿￿Ment of Recommended Pracuce (atolicable to clwities prep￿ing their accounts in accordance with ibe Finantial Reporting s￿ndard 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 I￿althY recreation by woviPle can panicipate lo the level of their ability in order lo raise filnds for the Charity and promote the message of building wellbein& iwlusivity and skills. 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 progratnn￿S and aciivation thal spanned thn)ughoul our alternative PrnVi$iOD and our rugby s￿¢1￿1¢ w08r￿s. 2024 also enabled ihe eharity io cxpand and develop our capaciry, increasing our ttaeh througb invesling in our sthffing structure. This planned expansion directly rela￿d to the growing need for our services within educarion setting% and a reflection of the repulation I￿allY of being a high quab'ty And trusted delivettr. We continued to develop our content to C￿ure i( meets the needs of our s¢h(K)Is and wider organisalions. This significgmtly enabled us to ensure each prograrn￿ has relevant and current objectiV¢S that rclatc diffctly back to our values and the schooj's outcome. We saw an increase in our fundraising aciivities and income through servitts. This provided u5 With the opp)nunity io invest in the wider ieam lo meet the incre&sed demand for our ch￿1¢1¢8 support io young people. ImpA¢t Our aim throughout 2024 was to reach and bcncfit at least 4,(KK) children and young people and we were pleased lo see our reach grow by over 41M) con4)ared 10 2023. We c105ed th¢ year with a reach of 4.2(X) participants, all of whom collectively visiled our sessions over 20,(KKJ limes. These figure$ 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 d￿1r 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. sp￿lf1¢allY, girls, rugby and promoting these in typically non rugby playing schools. The SRMs programme includes 39 other fuDded partners a￿OsS 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-sch￿l 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 Ch￿1¢Y. We ajso f￿USed 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 dI￿1p11ne underpins rngby, ensuring controlled physical endeavour. honesty, fairness. and adhcrcnce lo the laws of the game 5. Sportsmanship: The fOund￿10n of rugby, swytsmanship involves camarad¢ri¢. fair play, get￿osity in victory, dignity in dcfcai, and WAoritizin8 the wcll-beitig and development of players One year 5 teacher from Hazeldene Primary sch￿1 Wr￿e. "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 incI￿1ve 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$ratit Head Teacher, LiviDgstone Primary SchcM)l also said: "Bedford Blues Foiuthtion's RM8by ¢vd Numbers programme has been amrtzingfor ourpupils, helping ihem build confidence in M￿h3 while learning l¢¢TmwoTL re5peci, ond resi1￿nCe. The mix of maths. rugbv, and n￿nIO￿n8 has st4PPOrted ourpmpils. 8rowih both dcademicallv andper50naUy. We're so gralcfulfor ihe work Tom and his lei7m have provided." Our work yupp)rting vulnerable teenasers continues to mAke a eonsidernble difference in the local comrnunily. OUT outreach programmes grew after an increase in mluiries from secondary s¢1￿)S. The programmes use rngby's core values to addT¢SS challenges with altsinmeni in school and ixhaviour, as well a6 combat issues with mental and physical wellkin8. We continued to embed our Tackle LIFE FYogramm¢ in schools throughout Bedford Borough and Central Bedtordshire. The PTogramme uses s￿rt as a tool lo develop soft skills in young teenagers who might struggle lo develop these are&8 in school. Secondary schools refer these studeDts lo the Program￿ and our Hub at Goldinglon Road wh￿¢ they experience a vanety of S[*￿[$, 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 ￿ t￿ed for these prograrn￿ is in¢re&$ing. We continually monitor the progre$8 of students throughout Tackle tJFE, we do this througb our self-evajualion process which is completed by ¢a¢b young person. This allows us to understand how student5 felt at the slart and end of the programme and provide an improvement score. Across the prOg[amn￿ In 2024 students improved their employabi]ity by 65%, resilience by 60% and Mental H￿1th by 55%. We also I￿k their inwoyements in communication, leadership and physical health. Bedford Blues Foundation Trustees, report For the year ended 31 December 2024 Impact (conthiued) This c&8e study Comes from a student I￿ated in one of Bedford's most deprived wards and highlighis imw>vcmenis made during the programn*. Studenl B was referred onto the prngrd￿ for concerns around her th"sengagement in sch(M)l and issues with tMY)r mental health. It evident that B was strong academically bu( school may noi ￿ a thTiving environment for her. She engaged in all scssi¢)ns bul was often led &stray by another w in the session who did not wani ￿ participaie. We Saw B's real growth in the 'mento1 lThlth' week wbere she opened up about her eX￿rienCeS and identified the relationsbip between her actions and wible consequences. We have sin¢e scen a positive shift in her behaviour, where shc h&s adopted a mature ￿Owth mindseL demonstrated resilience and has mthle more PN)siiive choices inside and ourside of schwL where she has sutroundcd h￿self with posilivc fricndships and improved her relationship with farnlly. Plans for the futiwe and strategic planning This w&$ 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 Se￿1¢¢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[W￿l¢)[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 stra*8y. 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 c1￿1CeS. 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 (2￿23. £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 Se￿Ice$. providing m(xe opp)rtuniiy for schools lo access our programm￿ and mitTofs the expecred gTowth predicied in our charity. planned investmenl in capaciiy and stsffing saw our expenditure increase to c. £450,(KK). providing us with a strong platfonn to meet the needs of our lo¢al community. Heading into 20￿, the trustee's And operational tram have an ambitious rarget to overturn the deficit and deliver 88ainst ILS susiainabilily and fundraising targets. We saw a general in¢re&se in our donati()￿ ihrough event8 and bjndraising activities across the year. We Launched our first Blues Banger Rally in 2024 whlch saw 9 c4ts Journey across Europe in aid of our Chariry. This was a large undenakiog and resulied in £38,(KKI raised for Blucs Foundation. We also saw uplifis ID Other events, includin8 our Golf Day and Charity Ball. This increase ¢ame result of new events, and inveslllMI in a new role focused on Fundraising. Our Fundraising mat￿¢￿ joined ihe Foundation in January 2024 10 enhance our prof￿¢ amongst local businesses and secure long terni unrestrlcied investment into our chatiry. We un,801 Total eurrent assets 138.1(YJ 188,999 Uabllltles: Creditors.. amounis fallin8 due within onc ycat io (31.488) (39.611) Net eurrent ￿Sets 106,621 149.388 Totsl ne¢ wets 106,621 149.388 The funds ofihe charlty: Unreqiricled funds Re5tt1ci￿ funds li 12 43,843 61778 65,672 83.716 Totsl charlty Thmds 13 106.621 149,388 The notes to the financial slatenwii$ also forni pan of these finAticAai sthien)cnts. For rhe fmaJ)cial year in question the company was enlitlcd to exemption under 3￿tion 477 of the Companies Act 2(Th rela(ing to small companies. No members have required the cotnpany to 0￿1n 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 prep￿atIon of the accounis. The financial staiemenis have been pr¢pat¢d in accordance with the EYOViSi0rts applicabk to companies subject io the Sn￿11 companies. regime. Approved and auihorised fot issue by the Board of Tr￿le¢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 inforn￿tion Bedford Blues FoUnd￿lOn 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 ye￿S 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 m￿e[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 fU￿￿e and is Doi co￿81dered 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$. Restiicted funds those funds where a condition been imp)Kd on Iheir use by the donor. 12- Bedford Blues Foundatlon Notes to the flnanclal statements For the year ended 31 December 2024 13 Income Volunt2ry income including donwioDS. gifts and legacies and grants provide core funding or are of general nature are recognised where there is entitlemenl. wobability of receip( and the omount can bc measuted with sufficient reliabilily. Grants and donations for capitsl purposes are recognised on x receivable basis. lThcom¢ from ckniable activities IJ)cludcs income received under contrath or where entidemeni lo granl fullding is subject to specific Frrfornjance conditions is recognised as earned as the related services are provid¢d. Grant income included in this ca￿gOry provides fvnding to SUkwI perfornw)ce activities and is r¢cognised where there is entitlemcnl, probabiliry of receipt and Ihe 8mount can be rne&sured with sufficieni reliability. Income is deferred when either the donor specifies thai the grani or donation mu$¢ ¢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 Sts*mcD¢ 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 I￿ad￿88. 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 under￿k¢n to further the purpos¢s of the ch￿IlY and Iheir asswiated support costs. Other expendi¢uTe rcpTesents those iiems noi failing into any otI￿r 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. sUp￿rt costs include back office costs, finanet. personnel, payroll and governance costs which supp)rt the T￿SIS ￿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 t*en 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 $hori mADJriry of three months or less from the date of acquisition or opening of the deposit or similar account. 19 Credlton and provlslo Creditors and provisions arc recogniscd where the clwity has a Present obligatioD ffsulting from A pas¢ event thai will probably Tesuli in the transfer of funds ro a third party and the amount due to 8ettle the obligation ¢an k njeasurcd or cslin]aied reliably. Ctedilors and provisions ate nOrn￿llY tecognised at their settlemenl amount after allowing any tra(k discounis due. 2.10 Public Bentfjt Endty COn(￿lo￿ary loan8 Public B¢nefii Entity ¢on¢¢ssi(Mary loans made and rc¢¢iv¢d ￿ iniiially measured at the amount paid or rtreived and Te¢o8nised in the balan¢¢ sheet a¢c(Jrdingly. Any a¢¢Tu¢d intrresi receivable or payable is then adju51cd agAiJk3t the Cgllying valuc of Ihe loaD in subseq￿ll1 years, cr111￿1 a¢eoun¢ln8 Judgen￿nts key sourw of e81im4llon In the application of the charity's ￿COUntIng Policies. the trllstees are required to make judgements, estimates and assumptions about the Ca￿ing atnouni of assets liabilitie8 thai are noi readily apparent from other sources. The estirnates and &ss(Kiated asSurnptio￿ are b&sed on hist￿lca1 experience and other factors thai are considered to be relevant. Actual results may differ from these estin￿teS. The ¢stiU￿te$ and underlying ￿sUIn1￿10ll5 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 bety￿n governance and other sUp[￿rt costs is shown klow. Sllp￿rt Govern8n¢e Costs 2024 Total Basis or apportlonment 202A Staff costs Other staff costs Rent Travel ¢08ts 0￿1CC 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$t$ Profe￿lOnal fees Independent Examination fees Independent Examiner's f¢e for aC￿￿nIS 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(M￿cl io ¢omwise ihe Head of Foundation and the Operations Manager. The totaj cmploytlleni benefiis of the key n￿￿geMent 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 re1Mbu￿ed ex￿nseS 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 S￿la1 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 tsuS￿S 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 C1￿5r(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 prO￿amMe suptmyting disadvantaged children To support an adult weighi management programme To support a programn* for building confi