## TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 DECEMBER 2024
(A company limited by guarantee) Registered Company Number: 08751227 Registered Charity Number: 1156289
Contents Page
|Trustees’ Annual Report|3|
|---|---|
|Independent Examiner’s Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Financial Statements|9|
## Edgbaston Foundation Trustees’ Annual Report
For the Period 1[st] January 2024 to 31[st] December 2024
## Section A: Reference and Administration Details
Charity name: Edgbaston Foundation
Registered Charity number: 1156289
Charity’s principal address: Edgbaston Stadium, Edgbaston Rd, Birmingham, B5 7QU
## Names of the Trustees who manage the Charity:
Norman Gascoigne (Chair)
Aaron Dunkley
Mark Axcell
Naz Khan
Michael Hammond
Rachael Wong
Stuart Cain
Waheed Saleem
Name of Senior Staf Member:
Fidelis Navas
## Section B: Structure, Governa nce, and Man age ment
Type of governing document: Articles of Association
How the Charity is constituted: Private limited company by guarantee
Trustee selection methods: By appointment of the directors
3
## Section C : Objectives and Activities
## Summary of the objects of the Charity set out in its governing document:
- To provide and assist in providing facilities for sport, recreation and other leisure time occupation of individuals who have the need of such facilities by reason of their youth, age, infirmity or disability, financial hardship, or circumstances with the object of improving their conditions of life;
- To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society; and
- To promote, for the benefit of the public, the conservation, protection, and improvement of the physical and natural environment by promoting sustainable stadium and sports club operations.
## Summary of the main activities undertaken for the public benefit in relation to these objects
The charity received funding for two projects. The first involved using cricket to promote social confidence amongst 36 teenage girls in Birmingham and the second was to support those who identified as having an access requirement to play cricket in South Birmingham.
The trustees remain grateful to all funders and donors who have supported The Charity during the year.
## Section E : Financial Review
## Brief statement on the Charity’s policy on reserves
The Edgbaston Foundation currently holds £56,113 in reserves of which £7,222 is unrestricted. The Board reviews the amount of unrestricted reserves annually to ensure that they are adequate to fulfil our continuing obligations until our closure is confirmed.
## Further fnancial review details:
Revenue for 2024 was £33,944, expenditure £50,517 with a net deficit of £16,573.
## Future of the Charity Financial statement:
The Charity applied to the Charity Commission to close and upon authorisation, plan to transfer remaining assets to the Warwickshire Cricket Foundation (registered charity no.1205429).
4
## Section F: Declaration
The Trustees declare that they have approved the Trustees’ report above.
Signed on behalf of the Charity’s Trustees:
Name: Stuart Cain
Signed:
Position: Trustee
Date: 28.10.25
5
## Independent Examiner’s Report to the Trustees of Edgbaston Foundation
I report to the Trustees on my examination of the accounts of The Edgbaston Foundation (the Charity) for the year ended 31 December 2024.
## Responsibilities and basis of report
As the Charity’s Trustees (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your Charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act: or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Iltaf Rehman
Date: 24.10.25
6
**Statement of Financial Activities for the year ended 31st December 2024 (Including Summary Income and Expenditure Account)**
|Note
**Income**
**Income from:**
Other Trading Actvites
5
**Total Income**
**Expenditure**
**Expenditure from:**
Charitable Actvites
6
**Total Expenditure**
**Net Income / (Expenditure) and Net**
**Movement in Funds for the Year**
**Reconciliaton of Funds:**
Total Funds Brought Forward
**Total Funds Carried Forward**|Unrestricted
Funds
Restricted
Income Funds
2024 Total
Funds
2023 Total
Funds
£
£
£
£
1,744
32,200
33,944
148,303|
|---|---|
||1,744
32,200
**33,944**
**148,303**|
||7,364
43,153
50,517
146,483|
||7,364
43,153
**50,517**
**146,483**|
||(5,620)
(10,953)
**(16,573)**
**1,820**
12,842
59,844
**72,686**
**70,866**|
||**7,222**
**48,891**
**56,113**
**72,686**|
7
|**Balance Sheet as at 31st December 2024**||||
|---|---|---|---|
|||**Total 2024**|**Total 2023**|
||**Note**|**£**|**£**|
|**Current Assets**||||
|Cash at bank and in hand|7|89,825|87,071|
|**Total Assets**||**89,825**|**87,071**|
|||||
|**Creditors: amounts falling due within one year**|8|33,712|14,385|
|**Net Current Assets**||**56,113**|**72,686**|
|||||
|**Total Net Assets**||**56,113**|**72,686**|
|**Income funds and reserves**||||
|Restricted income funds||48,891|59,844|
|Unrestricted funds||7,222|12,842|
|**Total Net Assets**||**56,113**|**72,686**|
The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies’ regime and in accordance with FRS 102 SORP.
The financial statements were approved by the Trustees on XXX and were signed on their behalf by:
Mr Stuart Cain
Trustee Edgbaston Foundation
8
## Notes to the fnancial statements for the year end 31[st] December 2024
## 1. ACCOUNTING POLICIES
## 1.1 Basis of Accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
The Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.
The Charity constitutes a public benefit entity as defined by FRS 102.
The financial statements are prepared in GBP sterling which is the functional currency of the Charity and rounded to the nearest £1.
## 1.2 Going concern
On 31 December 2024 Edgbaston Foundation had net assets of £56,113. The Trustees consider that there are no material uncertainties about the Company's ability to continue as a going concern.
## 1.3 Change of accounting policy
The accounts present a true and fair view and no changes have been made to the accounting policies.
## 1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
## 1.5 Material prior year activities
There are no material prior year issues identified in the reporting period (3.47 FRS 102 SORP). In the financial years prior to 2019, gross income and the aggregate value of assets were below the threshold for an audit/independent examination. Micro entity accounts were filed.
## 1.6 Future of the Edgbaston Foundation
During 2024, following the recommendations from an external consultant and in partnership with the Warwickshire Cricket Board and Warwickshire County Cricket Club, the Trustees began the merger process which was started with the support of charity specialist lawyers, Higgs LLP.
9
## 2. LEGAL STATUS OF THE CHARITY
The Charity is a private company limited by guarantee, therefore does not have any shares or shareholders. Every member of the Charity promises, if the Charity is dissolved while he or she or it is a member or within 12 months after he or she ceases to be a member, to contribute such sum, as may be demanded of him or her towards the payment of the debts and liabilities of the Charity incurred before he or she ceases to be a member, and of the costs charges and expenses of winding up, and the adjustment of the rights of the contributories among themselves. The Articles of Association (clause 3.2) state that each member of the Charity will contribute a maximum of £10 each.
## 3. TAXATION
As a registered Charity, the Company is exempt from taxation on its income and gains (section 478 CTA 2010 for charitable companies and section 256 TCGA 1992).
## 4. TRUSTEES REMUNERATION AND EXPENSES
None of the Trustees were paid or were entitled to be paid any remuneration and none of the Trustees claimed any expenses during the year.
10
Notes to the fnancial statements for the year end 31[st] December 2024
## 5. Income
|5. Income|||||
|---|---|---|---|---|
|**Other trading actvites:**|**Analysis of income**
**Unrestricted funds**
**Restricted income funds**
**Total funds**
**£**
**£**
**£**||||
||Heart of England|-|14,960|14,960|
||Access to Cricket|-|5,000|5,000|
||Trust and Grants Fundraising|-|12,240|12,240|
||Matchday Fundraising|550|-|550|
||Misc Fundraising|1,194|-|1,194|
||**Total**|**1,744**|**32,200**|**33,944**|
All income in the prior year was unrestricted except for:
Sandwell Education Programme: £21,543 Bears Classroom: £200 Trusts and Grants Fundraising: £30,720 Club in-kind support: £50,000
Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.
N/A
## Within the Income items above the following items are material:
Heart of England: £14,960
Trusts and Grants Fundraising: £12,240
Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).
N/A
## Other
N/A
11
## 6. Expenditure
|6. Expenditure|||||
|---|---|---|---|---|
|**Expenditure on charitable actvites**|**Analysis of expenditure**
**Unrestricted funds**
**Restricted funds**
**Total funds**
**£**
**£**
**£**||||
||Staf Salaries|0|43,153|43,153|
||Misc Administratve Expenditure|7,364|-|7,364|
||**Total**|**7,364**|**43,153**|**50,517**|
## Prior year expenditure on charitable activities can be analysed as follows:
Staff salaries and administration of the charitable activities Expenditure on project development and fulfilment Fundraising activities to support the generation of revenue
## Within the expenditure items above the following items are material:
Staff salary expenditure: £43,153
Where sums originally denominated in foreign currency have been included in expenditure, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).
N/A
12
## **7. CASH AT BANK AND IN HAND**
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Cash at bank and in hand|89,825|87,071|
|**Total**|89,825|87,071|
## **8. CREDITORS**
||Amounts falling due within
one year|Amounts falling due within
one year|Amounts falling due afer
one year|Amounts falling due afer
one year|
|---|---|---|---|---|
||**2024**|**2023**|**2024**|**2023**|
||**£**|**£**|**£**|**£**|
|Other Creditors - Owed to WCCC|-|1,435|-|-|
|Other Creditors - Owed to WCF|33,712|-|-|-|
|Deferred Income|-|12,950|-|-|
|**Total**|**33,712**|**14,385**|**-**|**-**|
13