Company registration number 08199521 (England and Wales)
BOCCIA INTERNATIONAL SPORTS FEDERATION LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
BOCCIA INTERNATIONAL SPORTS FEDERATION LIMITED
CONTENTS
Page
President's report
1 - 3
Balance sheet
4
Notes to the financial statements
5 - 8
BOCCIA INTERNATIONAL SPORTS FEDERATION LIMITED
PRESIDENT'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
- 1 -

Dear BISFed Members

I am writing to summarise the activities of your Federation for the year ending December 2023.

Governance and Leadership

The leadership of the Board changed in February 2023 with the Former President David Hadfield OBE standing down due to ill health. In accordance with the Articles of Association for the Federation Jon Morgan OBE was appointed as the Interim President. At the General Assembly for BISFed held on the 07th October 2023, Jon Morgan OBE was formerly elected as the President of BISFed for a term of four years.

David Hadfield OBE has been widely recognised for his vision, strategic leadership, and sheer determination to create a new International Sports Federation which has become globally respected and viewed as a highly effective, modern, and progressive organisation. Boccia thrived under David’s leadership, becoming the fastest growing paralympic sport, now enjoying membership across 73 countries. It is difficult to express the huge sense of respect and gratitude that is held for David and all that he has accomplished on behalf of our sport. He will be sorely missed by the boccia community; however, his legacy will continue to be expressed through the continued growth and professionalism of our sport, the commitment of BISFed to remain athlete focussed and the sheer joy and enthusiasm that can be found through the competition and camaraderie of our athletes. David was awarded with the Paralympic Order at the 2023 IPC GA. This is the highest award made by the IPC and David is an extremely worthy recipient.

General Assembly October 2023

The General Assembly was held in Portugal and delivered through a hybrid format, enabling BISFed members to attend either in person or virtually. The General Assembly was quorate and considered business in accordance with the requirements of the Federation’s Articles of Association. Richard Boele was elected as Treasurer to the Board of BISFed at the General Assembly.

BISFed would like to thank PCAND, our Portuguese member, for their excellent support in helping to host the General Assembly and ensuring its success. We also extend our thanks to our membership for its support of this important bi-annual meeting.

The Board

The BISFed Board met on five occasions, effectively discharging the duties of the Directors and the strategic requirements of the company. There was excellent attendance from all Board members, and I would like to extend my personal thanks for their unwavering support during the period of leadership transition and election.

BISFed Sub Committees

As ever, our voluntary committees worked tirelessly and have delivered against a very demanding schedule of activities and projects. Highlights of their work include:

BOCCIA INTERNATIONAL SPORTS FEDERATION LIMITED
PRESIDENT'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -

Finance

The finances of BISFed continue to be closely managed and monitored ensuring that expenditure is in line with budgetary expectations and agreed priorities for the year. The delivery of a General Assembly plus unforeseen costs related to the IPC Athletes Forum and Code of Classification meeting meant that the year was challenging, however, a combination of prudent financial management, strict control of our major expenditures and support from our members, partners and commercial sponsors has left the Federation in a strong financial position with approximately one years running costs in reserve.

Membership

Having started in 2013 with 32 members, we now enjoy a global membership of 74 countries and remain the fastest growing paralympic sport. Our ambition is to ensure that we retain our existing members whilst at the same time growing the number of countries in membership to at least 80.

The Executive remain in constant contact with our membership, whilst we formally engage with our four Regions, Asia and Oceania, Europe, Africa, and the Americas via online regional seminars. In-addition, Board members and Executive staff have access to member views and opinion through regular engagement at competitions and training opportunities.

Competitions

In 2023, 14 competitions were successfully delivered including the first World Boccia Youth Championships, hosted in Póvoa de Varzim, Portugal. It is intended to build on the success of this competition with regional youth championships and a second edition of the World Youth Championships in 2025.

In another ‘first,’ the European Regional Championships saw the staging of finals on outdoor courts in the heart of Rotterdam, attracting a large numbers of spectators.

  1. Zagreb 2023 World Boccia Challenger (Croatia)

  2. Montreal 2023 World Boccia Cup (Canada)

  3. Youth Parapan American Games Bogotá 2023 (Colombia)

  4. Santiago 2023 World Boccia Challenger (Chile)

  5. Cairo 2023 World Boccia Africa Regional Championships (Egypt)

  6. Póvoa de Varzim 2023 World Boccia Youth Championships (Portugal)

  7. Rotterdam 2023 World Boccia Europe Regional Championships (Netherlands)

  8. Poznan 2023 World Boccia Challenger (Poland)

  9. Fortaleza 2023 World Boccia Cup (Brazil)

  10. Póvoa de Varzim 2023 World Boccia Cup

  11. Heraklion 2023 World Boccia Challenger

  12. Hanghzhou 2022 Asian Para Games (rescheduled from 2022)

  13. Hong Kong 2023 World Boccia Asia-Oceania Regional Championships

  14. Santiago 2023 Parapan American Games

BOCCIA INTERNATIONAL SPORTS FEDERATION LIMITED
PRESIDENT'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -

We remain indebted to those member nations who continue to support and host the BISFed competition programme.

With the announcement of boccia being included in the Los Angeles Paralympic Games 2028 sports schedule, preparatory work has commenced on the delivery of the competition.

Projects

BISFed delivered on key projects in 2023 including:

Information Technology - Rocca were contracted as the new IT partner for BISFed and were instructed to develop a new competition management system to be operational for the competition season 2024.

Boccia Ball Licensing – a review was undertaken to establish the learnings from the Boccia Ball Licensing system that had been previously introduced with the aim of making the sport fairer by the requirement to use licensed boccia balls that had passed rigorous testing protocols and that could be freely purchased from any of the 8 licensed manufacturers. Based on the learnings, a bids process will be opened in 2024 for manufacturers to obtain licenses for the 2025-2028 cycle.

Covid Protocol Measures - these measures, which had been previously lifted to combat COVID 19, were lifted prior to the commencement of the 2023 season.

Regional Development - supported by grants from the International Paralympic Committee, development work was undertaken in the Caribbean resulting in the formation of the Caribbean Boccia Union. Peter Hornig, the President of Boccia Jamaica, is leading the project under the name “Cariboccia. This organisation was created as a response to the interest boccia was receiving from various Caribbean NPCs. Coach, Classification and Referee training is planned to take place in Jamaica and Trinbago.

Development work was also undertaken in Africa with the delivery of the second edition of the World Boccia Africa Regional Championships (Cairo) with accompanying education courses. It is the intention of World Boccia to build on this foundation by delivering a further Challenger competition in 2024 supported by coach development programmes.

BISFed would like to thank the International Paralympic Committee for its continued support in helping to accelerate the development of boccia.

Classification Research and Development – BISFed works with Aspace in Catalunya to work with in areas including classification research and the development of a Boccia Research & Innovation Hub.

Environmental Sustainability Plan – BISFed commenced working with KPMG (Australia) to support the development of a sustainability plan for our sport (for completion in 2024).

I would like to take this opportunity to thank those who have assisted BISFed over the past year to ensure that we remain a healthy and ambitious organisation that continues to grow and thrive.

And finally to you our membership who work tirelessly to grow the sport of boccia in your own countries and the development of your athletes who grace our sport with such skill and dedication. Thank you.

With kind regards
..............................
Mr J H Morgan OBE
Interim President
26 September 2024
BOCCIA INTERNATIONAL SPORTS FEDERATION LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 4 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
54,929
73,238
Tangible assets
4
1,282
1,586
56,211
74,824
Current assets
Stocks
4,108
-
Debtors
5
90,413
69,855
Cash at bank and in hand
236,680
239,755
331,201
309,610
Creditors: amounts falling due within one year
6
(104,846)
(94,561)
Net current assets
226,355
215,049
Net assets
282,566
289,873
Reserves
Income and expenditure account
282,566
289,873
Members' funds
282,566
289,873

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 26 September 2024 and are signed on its behalf by:
Mr J H Morgan OBE
Director
Company registration number 08199521 (England and Wales)
BOCCIA INTERNATIONAL SPORTS FEDERATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
1
Accounting policies
Company information

Boccia International Sports Federation Limited is a Company limited by guarantee registered in England and Wales. The registered office is 101 New Cavendish Street, London, W1W 6XH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

 

Expenses include VAT where applicable as the company cannot reclaim it.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
Straight line over 30 months
Development costs
Straight line over 5 years
1.5
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers Equipment
50% Straight line
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

BOCCIA INTERNATIONAL SPORTS FEDERATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 6 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.8
Taxation

The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
9
8
BOCCIA INTERNATIONAL SPORTS FEDERATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 7 -
3
Intangible fixed assets
Software
Development costs
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
32,800
91,548
124,348
Amortisation and impairment
At 1 January 2023
32,800
18,310
51,110
Amortisation charged for the year
-
0
18,309
18,309
At 31 December 2023
32,800
36,619
69,419
Carrying amount
At 31 December 2023
-
0
54,929
54,929
At 31 December 2022
-
0
73,238
73,238
4
Tangible fixed assets
Computers Equipment
£
Cost
At 1 January 2023
6,883
Additions
1,030
Disposals
(4,179)
At 31 December 2023
3,734
Depreciation and impairment
At 1 January 2023
5,297
Depreciation charged in the year
1,334
Eliminated in respect of disposals
(4,179)
At 31 December 2023
2,452
Carrying amount
At 31 December 2023
1,282
At 31 December 2022
1,586
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
52,798
27,586
Other debtors
37,615
42,269
90,413
69,855
BOCCIA INTERNATIONAL SPORTS FEDERATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 8 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Deferred income
76,218
81,988
Other creditors
598
1,680
Accruals
28,030
10,893
104,846
94,561
7
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

2023-12-312023-01-01false26 September 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMr D P HadfieldMr J H MorganMs M MascarenhasMr R SchmidtMr W K LauMr I AzoulayMr R BoeleMr E ChagasE Mattheefalsefalse081995212023-01-012023-12-31081995212023-12-31081995212022-12-3108199521core:ComputerSoftware2023-12-3108199521core:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-12-3108199521core:ComputerSoftware2022-12-3108199521core:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-3108199521core:ComputerEquipment2023-12-3108199521core:ComputerEquipment2022-12-3108199521core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3108199521core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3108199521core:CurrentFinancialInstruments2023-12-3108199521core:CurrentFinancialInstruments2022-12-3108199521core:RetainedEarningsAccumulatedLosses2023-12-3108199521core:RetainedEarningsAccumulatedLosses2022-12-3108199521bus:Director22023-01-012023-12-3108199521core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3108199521core:ComputerSoftware2023-01-012023-12-3108199521core:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-012023-12-3108199521core:ComputerEquipment2023-01-012023-12-31081995212022-01-012022-12-3108199521core:ComputerSoftware2022-12-3108199521core:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-31081995212022-12-3108199521core:ComputerEquipment2022-12-3108199521core:WithinOneYear2023-12-3108199521core:WithinOneYear2022-12-3108199521bus:CompanyLimitedByGuarantee2023-01-012023-12-3108199521bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108199521bus:FRS1022023-01-012023-12-3108199521bus:AuditExemptWithAccountantsReport2023-01-012023-12-3108199521bus:Director12023-01-012023-12-3108199521bus:Director32023-01-012023-12-3108199521bus:Director42023-01-012023-12-3108199521bus:Director52023-01-012023-12-3108199521bus:Director62023-01-012023-12-3108199521bus:Director72023-01-012023-12-3108199521bus:Director82023-01-012023-12-3108199521bus:Director92023-01-012023-12-3108199521bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP