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← Steel Bones

2025-03-31-accounts

Docusign Envelope ID: 0CCE2A37-13DC-4113-AC06-D499A956ABE9

Steel Bones

Charity No. 1174189

Trustees' Report and Unaudited Accounts

31 March 2025

Docusign Envelope ID: 0CCE2A37-13DC-4113-AC06-D499A956ABE9 Steel Bones Contents

Pages
Trustees' Annual Report 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Statement of Cash flows 9
Notes to the Accounts 10 to 16
Detailed Statement of Financial Activities 17 to 18

Page 1

Docusign Envelope ID: 0CCE2A37-13DC-4113-AC06-D499A956ABE9 Steel Bones Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1174189

Trustees

The following trustees served during the year:

B.J. Lawler

W. Bearton

N. Day

G. Hawksworth

L. JOY-STAINES

L. Mason-Mackay

C. Phelps H.C. Pont K. Skinner A. Tilbrook

Key Management Personnel

Chair Gary Hawksworth Vice Chair Adam Tilbrook

Accountants

Solutions Accountancy & Bookkeeping Ltd 1 The Mews Little Brunswick Street Huddersfield HD1 5JL

OBJECTIVES AND ACTIVITIES

Steel Bones exists:

a)To relieve poverty, distress, and promote health and rehabilitation for amputees b)To support the social, emotional and mental wellbeing of amputee families and carers c)To advance public education on amputation and disability d)To promote inclusive physical activity and healthy lifestyles

During 2024/25 the Charity delivered a wide programme of support, including crisis intervention, peer mentoring, housing and benefits support, fitness clubs, online support, community meet-ups, and advocacy through NHS partnerships.

Page 2

Docusign Envelope ID: 0CCE2A37-13DC-4113-AC06-D499A956ABE9 Steel Bones

Trustees Annual Report

ACHIEVEMENTS AND PERFORMANCE

Overview

The year marked the final phase of our Reaching Communities 3-year programme, and also a significant period of growth, diversification, and strategic development. We reached more families than ever before, expanded our national footprint, and strengthened our organisational resilience.

We now support over 1,300 amputees and their families, with an average of 20 new families registering each month

31 March 2025 saw our first multi year grant with National Lottery reaching Communities Fund conclude. However, we were thrilled to work with the Fund and extend this by another 5 years.

Expanding Community Reach Since 2022, we have supported:

-550 new amputees, plus 750 returning beneficiaries

-433 individuals in acute crisis

-2685 attendances at face-to-face meet-ups across the 3-year period

-52 families regularly joining online coffee catch-ups

During 2024/25 we delivered: -84 local meet-ups

-166 fitness clubs (334 hours)

-39 online sessions (72 hours)

-7 weekly fitness clubs nationally

-Launch of new hubs in Chichester, Colchester, Ipswich, Haverhill, and the North East

-Celebration Day attended by around 350 people

Our events programme has expanded nineteen-fold, from 12 events in 2021 to 228 events in 2024/25

Beneficiary Support In 2024/25 Steel Bones provided:

-218 cases of direct 1-to-1 support

-Benefits assistance for 135 families

-Housing advocacy for 45 families, including MP and Councillor interventions

-995 hours of phone support over the 3-year grant period

Impact and Outcomes Survey outcomes show:

-73% said independence improved

-89% felt more motivated

-75% saw anxiety reduce from severe to low

-80% said quality of life improved

-47% met another amputee for the first time through Steel Bones

-87% said peer-support improved their wellbeing

These results demonstrate substantial improvements in mental wellbeing, connection, and independence across the community.

Page 3

Docusign Envelope ID: 0CCE2A37-13DC-4113-AC06-D499A956ABE9 Steel Bones

Trustees Annual Report

NHS and Sector Partnerships

This year saw major progress in clinical partnerships:

-Steel Bones CEO now sits on the Cambridgeshire South Integrated Care Place Board, representing the voluntary sector.

-Collaborations with Addenbrookes and Lister Hospital

-Launch of NHS packs, NHS information hub and dedicated professional newsletters

-Strengthened role within regional disability networks, Suffolk Health Boards, Healthwatch, and amputee charity alliances

50–75% of participants in one project were unaware of the NHS prosthetic review or PALS advocacy; all are now registered and contributing to national consultations

Team and Volunteer Development

Key progress this year included:

-A pipeline of 33 trained or training Family Mentors/Monitors

-New admin support improving communications

-11 wellbeing sessions and monthly catch-ups for volunteers

-Launch of new induction and training processes

-Relaunch of the weekly online meet-up after strengthened policies

Diversity and Inclusion

Ethnic minority registrations increased to 6%, with ongoing outreach to temples, mosques and cultural forums. Plans were initiated to recruit a Diversity Manager to proactively expand reach.

Income Generation

2024/25 was a transformational year for income generation:

-Annual income rose to £215,000, a four-fold increase since 2022

-National Lottery funding now accounts for 28% of income, down from 60%

-Individual fundraising grew tenfold

-The Canoe Challenge raised over £10,000 with only 10% costs and strong regional media coverage

-Major multi-year funding secured from Children in Need and Sport England

Reserves were rebuilt through careful cost control and best-value procurement. The Reserves are crucial foundations to enable Steel Bones to grow to match the demand and growing Limb loss and Limb difference community in the UK.

FINANCIAL REVIEW

Total income for the year increased to £232,790 (2024: £158,715). Expenditure totalled £188,770 (2024: £174,480), reflecting increased activity across charitable programmes and raising funds. The charity achieved a net surplus of £44,020 (2024: deficit of £15,765).

Unrestricted funds increased to £36,005 (2024: £20,035), strengthening the charity’s reserves. Restricted funds closed at £15,000 (2024: £(13,050) deficit eliminated). Total funds at year end were £51,005 (2024: £6,985). The year end cash balance of £53,365 provides improved liquidity, with net current assets rising to £46,050. Fixed assets reduced to £4,955 due to depreciation.

The Trustees consider the year’s financial performance positive and the overall financial position to be sound, with sufficient resources to continue delivering charitable activities in the coming year.

Page 4

Docusign Envelope ID: 0CCE2A37-13DC-4113-AC06-D499A956ABE9 Steel Bones Trustees Annual Report

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

G. Hawksworth Trustee (Chairman) 12 January 2026

A. Tilbrook Trustee (Vice Chairman) 12 January 2026

Page 5

Docusign Envelope ID: 0CCE2A37-13DC-4113-AC06-D499A956ABE9 Steel Bones Independent Examiners Report

Independent Examiner's Report to the trustees of Steel Bones

I report to the trustees on my examination of the financial statements of Steel Bones for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Vicky Newham CPAA

Solutions Accountancy & Bookkeeping Ltd 1 The Mews Little Brunswick Street Huddersfield

HD1 5JL 12 January 2026

Page 6

Docusign Envelope ID: 0CCE2A37-13DC-4113-AC06-D499A956ABE9 Steel Bones

Statement of Financial Activities

for the year ended 31 March 2025

Notes
Income and endowments
from:
Donations and legacies
3
Other trading activities
4
Other
5
Total
Expenditure on:
Raising funds
6
Charitable activities
7
Other
8
Total
Net gains on investments
Net income/(expenditure)
9
Transfers between funds
Net income/(expenditure)
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds		 Restricted
funds		 Total funds Total funds
2025 2025 2025 2024
£ £ £ £
33,694 - 33,694 10,428
14,138 - 14,138 2,682
12,280 172,678 184,958 145,605
60,112 172,678 232,790 158,715
18,540 32,446 50,986 48,535
1,558 20,238 21,796 24,104
24,044 91,944 115,988 101,841
44,142 144,628 188,770 174,480
- - - -
15,970 28,050 44,020 (15,765)
- - - -
15,970 28,050 44,020 (15,765)
15,970 28,050 44,020 (15,765)
20,035 (13,050) 6,985 22,750
36,005 15,000 51,005 6,985

Page 7

Docusign Envelope ID: 0CCE2A37-13DC-4113-AC06-D499A956ABE9 Steel Bones

Balance Sheet

at 31 March 2025

at 31 March 2025
Charity No. 1174189 2025 2024
£ £
Fixed assets
Tangible assets 11 4,955 6,430
4,955 6,430
Current assets
Stocks 12 - 500
Debtors 13 - 1,139
Cash at bank and in hand 53,365 6,985
53,365 8,624
Creditors:Amount falling due within one year 14 (7,315) (8,069)
Net current assets 46,050 555
Total assets less current liabilities 51,005 6,985
Net assets excluding pension asset or liability 51,005 6,985
Total net assets 51,005 6,985
The funds of the charity
Restricted funds 15
Restricted income funds 15,000 (13,050)
15,000 (13,050)
Unrestricted funds 15
General funds 36,005 20,035
36,005 20,035
Reserves 15
Total funds 51,005 6,985
Approved by the trustees on 12 January 2026

And signed on their behalf by:

CB15054CD926425... G. Hawksworth Trustee (Chairman) 12 January 2026

A. Tilbrook

Trustee (Vice Chairman)

12 January 2026

Page 8

Docusign Envelope ID: 0CCE2A37-13DC-4113-AC06-D499A956ABE9 Steel Bones Statement of Cash flows

for the year ended 31 March 2025

Cash flows from operating activities
Net income/(expenditure) per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Other gains/losses
Decrease/(Increase) in stocks
Decrease/(Increase) in trade and other receivables
(Decrease)/Increase in trade and other payables
Net cash used in operating activities
Cash flows from investing activities
Payments for property, plant and equipment
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2025
£
44,020
3,369
(184,958)
-
500
1,139
(754)
(136,684)
(1,894)
184,958
183,064
-
46,380
6,985
53,365		 2024
£
(15,765)
9,687
(145,605)
-
(500)
(1,139)
8,069
(145,253)
(16,117)
145,605
129,488
-
(15,765)
-
(15,765)
Components of cash and cash equivalents
Cash and bank balances 53,365 6,985
53,365 6,985

Page 9

Docusign Envelope ID: 0CCE2A37-13DC-4113-AC06-D499A956ABE9

Steel Bones

Notes to the Accounts

for the year ended 31 March 2025

Basis of preparation

The financial statements have been prepared in accordance with 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 if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

During the year, the charity moved from the Receipts and Payments basis to the accruals basis of accounting in accordance with FRS 102 and the Charities SORP. This change was made to provide a more accurate and transparent reflection of the charity’s financial performance and position. As part of the transition, prior-year balances were reviewed and an adjustment of £1,139 was recognised in Other Debtors within the opening balance sheet to reflect amounts relating to the prior period. These items have been allocated to the appropriate income and expenditure headings in the current year in line with the accruals concept. The revised basis has been applied from the start of the financial year, and the prior-year balance sheet has been updated accordingly. Comparative income and expenditure figures have not been restated.

Fund accounting

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Page 10

Docusign Envelope ID: 0CCE2A37-13DC-4113-AC06-D499A956ABE9 Steel Bones

Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Page 11

Docusign Envelope ID: 0CCE2A37-13DC-4113-AC06-D499A956ABE9 Steel Bones

Notes to the Accounts

2
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Other trading activities
Other
Total
Expenditure on:
Raising funds
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
Donation Income
4
Income from other trading activities
Fundraising and Just Giving
Income		 Unrestricted
funds
2024
£
10,378
2,682
14,743
27,803
5,632
1,065
14,665
21,362
6,441
6,441
6,441
13,594
20,035
Unrestricted
£
33,694
33,694
Unrestricted
£
14,138
14,138		 Restricted
funds
2024
£
50
-
130,862
130,912
42,903
23,039
87,176
153,118
(22,206)
(22,206)
(22,206)
9,156
(13,050)
Total
2025
£
33,694
33,694
Total
2025
£
14,138
14,138		 Total funds
2024
£
10,428
2,682
145,605
158,715
48,535
24,104
101,841
174,480
(15,765)
(15,765)
(15,765)
22,750
6,985
Total
2024
£
10,428
10,428
Total
2024
£
2,682
2,682

Page 12

Docusign Envelope ID: 0CCE2A37-13DC-4113-AC06-D499A956ABE9

Steel Bones

Notes to the Accounts

Lottery Grants
Grants
Other Grants
6
Expenditure on raising funds
Costs of generating voluntary
income
Project Costs
7
Expenditure on charitable activities
Expenditure on charitable
activities
Event Costs
Marketing Costs
Governance costs
8
Other expenditure
Employee costs
General administrative costs
Legal and professional costs
9
Net income/(expenditure) before transfers
This is stated after charging:
Independent Examiner's fee		 Unrestricted
£
-
12,280
12,280		 Restricted
£
102,364
70,314
172,678		 Total
2025
£
102,364
82,594
184,958		 Total
2024
£
73,722
71,883
145,605
Unrestricted
£
18,540
18,540
Unrestricted
£
996
562
1,558
Unrestricted
£
-
7,430
16,614
24,044		 Restricted
£
32,446
32,446
Restricted
£
13,191
7,047
20,238
Restricted
£
86,954
4,120
870
91,944
2025
£
2,100		 Total
2025
£
50,986
50,986
Total
2025
£
14,187
7,609
21,796
Total
2025
£
86,954
11,550
17,484
115,988		 Total
2024
£
48,535
48,535
Total
2024
£
16,700
7,404
24,104
Total
2024
£
79,378
13,449
9,014
101,841
2024
£
2,000

Page 13

Docusign Envelope ID: 0CCE2A37-13DC-4113-AC06-D499A956ABE9 Steel Bones Notes to the Accounts

10 Staff costs
Salaries and wages
No employee received emoluments in excess of £60,000.
11 Tangible fixed assets
Cost or revaluation
At 1 April 2024
Additions
At 31 March 2025
Depreciation and
impairment
At 1 April 2024
Depreciation charge for the
year
At 31 March 2025
Net book values
At 31 March 2025
At 31 March 2024
12 Stocks
Finished goods
13 Debtors
Other debtors
14 Creditors:
amounts falling due within one year
Trade creditors
Other taxes and social security
Other creditors
Accruals		 2025
86,954
86,954
2025
£
-
-
2025
£
-
-
2025
£
3,124
1,690
401		 £
16,117
1,894
18,011
9,687
3,369
13,056
4,955
6,430		 2024
79,378
79,378
£
16,117
1,894
18,011
9,687
3,369
13,056
4,955
6,430
2024
£
500
500
2024
£
1,139
1,139
2024
£
1,556
1,690
323
2,100 4,500
7,315 8,069

Page 14

Docusign Envelope ID: 0CCE2A37-13DC-4113-AC06-D499A956ABE9

Steel Bones

Notes to the Accounts

15 Movement in funds

Restricted funds:
Restricted income funds:
Lottery Grants
Groundwork Uk
Suffolk Community
Douglas Bader Foundation
Sussex and Cambridgeshire
Community Foundation
Peter Harrison
COOPOCT
CIN - BBC
Total
Unrestricted funds:
General funds
Total funds		 At 1 April
2024
(13,050)
-
-
-
-
-
-
-
(13,050)
20,035
6,985		 Incoming
resources
(including
other
gains/losses
)
£
102,364
13,750
27,500
610
9,400
3,000
1,064
14,990
172,678
60,112
232,790		 Resources
expended
£
(79,314)
(10,750)
(25,500)
(610)
(9,400)
(3,000)
(1,064)
(14,990)
(144,628)
(44,142)
(188,770)		 At 31
March
2025
£
10,000
3,000
2,000
-
-
-
-
-
15,000
36,005
51,005

Purposes for restrictions in relation to the funds : All below grants were for local meet up activities besides children in need for young people's work and reaching communities for peer mentoring programme.

Restricted funds: Lottery Grants Groundwork Uk Suffolk Community Douglas Bader Foundation Sussex and Cambridgeshire Community Foundation Peter Harrison COOPOCT CIN - BBC

Page 15

Docusign Envelope ID: 0CCE2A37-13DC-4113-AC06-D499A956ABE9 Steel Bones

Notes to the Accounts

16 Analysis of net assets between funds

16 Analysis of net assets between funds
Fixed assets
Net current assets
17 Reconciliation of net debt
Cash and cash equivalents
Net debt		 Unrestricted
funds
£
4,955
33,141
38,096
At 1 April
2024
£		 Restricted
funds
£
-
12,909
12,909
Cash flows
£		 Total
£
4,955
46,050
51,005
At 31
March
2025
£
6,985 46,380 53,365
6,985
6,985		 46,380
46,380		 53,365
53,365

Page 16

Docusign Envelope ID: 0CCE2A37-13DC-4113-AC06-D499A956ABE9 Steel Bones

Detailed Statement of Financial Activities

for the year ended 31 March 2025

Income and endowments from:
Donations and legacies
Donation Income
Other trading activities
Fundraising and Just Giving
Income
Other
Lottery Grants
Grants
Other Grants
Total income and endowments
Expenditure on:
Costs of generating donations and
legacies
Project Costs
Total of expenditure on raising
funds
Charitable activities
Event Costs
Marketing Costs
Total of expenditure on charitable
activities
Employee costs
Salaries/wages
General administrative costs,
including depreciation and
amortisation
Software, IT support and related
costs
Legal and professional costs		 Unrestricted
funds
2025
£
33,694
33,694
14,138
14,138
-
12,280
12,280
60,112
18,540
18,540
18,540
996
562
1,558
1,558
-
-
7,430
7,430		 Restricted
funds
2025
£
-
-
-
-
102,364
70,314
172,678
172,678
32,446
32,446
32,446
13,191
7,047
20,238
20,238
86,954
86,954
4,120
4,120		 Total funds
2025
£
33,694
33,694
14,138
14,138
102,364
82,594
184,958
232,790
50,986
50,986
50,986
14,187
7,609
21,796
21,796
86,954
86,954
11,550
11,550		 Total funds
2024
£
10,428
10,428
2,682
2,682
73,722
71,883
145,605
158,715
48,535
48,535
48,535
16,700
7,404
24,104
24,104
79,378
79,378
13,449
13,449

Page 17

Docusign Envelope ID: 0CCE2A37-13DC-4113-AC06-D499A956ABE9

Steel Bones

Detailed Statement of Financial Activities

Steel Bones
Detailed Statement of Financial Activities
Envelope ID: 0CCE2A37-13DC-4113-AC06-D499A956ABE9
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income/(expenditure)
Net income/(expenditure) before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 16,614
16,614
24,044
44,142
-
15,970
15,970
-
15,970
20,035
36,005		 870
870
91,944
144,628
-
28,050
28,050
-
28,050
(13,050)
15,000		 17,484
17,484
115,988
188,770
-
44,020
44,020
-
44,020
6,985
51,005		 9,014
9,014
101,841
174,480
-
(15,765)
(15,765)
-
(15,765)
22,750
6,985

Page 18