Charlty r•grstration numbor 1204841 IEnL4and and Wal•81 OBEX FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2024 OBEX FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trust••# Dr S Bhandal (Appointed 21 Septembor 20231 (Appointed 21 Septembèr 2023) (Appolntgd 21 September 2023} F Hall C Heathcotè S•nlor m*nag•m9nt Dr Sarablll Bhandal Chair Charlty number (England and bVal•s) 1204841 Registsr•d office Obex Foundation 10&111 High Street Houghlon Regis Bedfordshlrg LU5 SBJ A¢¢ountsnts Rogers Spencer N8wslead House Pelham Rd Nottingham NG5 1AP Bank•rg Natwgst Bank 36, St Andrew Square Edinburgh EH2 2YB OBEX FOUNDATION CONTENTS P•ge Trustees, report A¢¢ountants' report Stslemenl of fmana8J 8ctlv¢ti@s Stat8m8nt of financial position Notes to the fmandal statements OBEX FOUNDATION TRUSTEES, REPORT FOR THE PERIOD ENDED 31 AUGUST 2024 The Trustees present thelr annual report and financ481 statements lor Ihe pariod èndad 31 August 2024. The finan￿81 statements have been prepared in a¢eordance with the accounting policies sel out in rKsle 1 lo the financial slalem&nl$ and comply with the charty's governing documenl, the Charibes Act 2011, FRS 102 Yhe Fin8ncial Reportlng Stsndard applicabb in the UK and Republic of Ireland" and the Charities SORP "Accounting and R8porbng by Charities.. Statement of Recommended Practice applicable to charrties preparing therr accounts in accordance with the Financial Reporling SlarHlard applicable In thg LIK and Republic tsf Ireland (FRS 102}" Obloctlv•$ and a¢tSvlilos The Obex Foundation aims to create communities free of inequ8llly for young people across Hertlordshiro and Bedfordshire. W8 work collaboralwely with schools. famllles, ￿)Mm￿nrtIeS, businesses and other charities lo idenlify the needs of di$8dvanl8ged young people. We deliver a range of actiwlies and educati￿ on preventative self-care and the importan¢& of being proaclsve around fftness, movemènt. nutrition and oral h9atth. Through our worft we aim to level the outcomes and improw tha livès of di$8dvanlaged young p8oplo in our largal area. Thè Found8tion largets young people throughout the schooling p8ri0d of their Iwes. AS id8ntified Sn the Marmot Rewew. 2010, enabllng all children 8nd young people to maximise their ¢apabililK*S and have control over their lives through educalKJn is one ol the key principl85 to reduce health inequalrtK?5. Our prlnclpal n*lhod of impacl, therefore. is lo fund and work with experienced and expert dellvery partners in schocl s8tting$. A unique aspe¢t of the Obex Foundalion 1$ our locality to delivory which anables us lo actively engage with our delivory partners in our area. We 8re pleased lo have attracted many Ioc81 volunteers willing io support us, gding as liaison between schools. dellvery partners and Ihe Obex Foundatlon. In the reporting per￿d our actiwlies were focused largely on the setup of thè Foundth'on wilh particAAar attenb'c paid to govamancfj, delivgry partne[5. schools, marketing and initi81 fundrafslng acltvitie8. The trustees confirm that they have referred to Ihe guKlance contalned in the chanty commission's gèneral guidance on public benefft when reviewing Ihe Foundation's aims arHI objectrves, planning lulure aciivitles and setting the gr8nl making polty for the year. The trustees have identified and implèmènted policy documents approprlale lo the objectives and actNitie$ of the Foundation. OBEX FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024 A¢hlèvements and p•rtomwn¢e AS a new grant giving charity, it is earty lo report on the speufic impacts of the programmes we sUPPQrt. ￿110 interim re¥￿wS of the ￿rrent programmes, as witnessed by the Iruslees in the educational settings, has confirTned their impact and valuè, p8rfoman¢e against impad crlleria will be detailed in the second Annual Report when thè Programmes in the ac8demi¢ year 24125 are complet8d. In the first reporting period, and soon as a major athievement, the Foundabon has 6Ut£es5fully Identified and caffied out the due dlllgence required lo 8ppoinl three delivery partners.. Jason Robin50n Foundation, Dame Kelly Holm&s TnJ$l ond Dalaglio Rugby Works, speciali5ing respectively in primary, secondary and pupil referral settings. As p8rt of our grant rnaking policy, regular rewew me8lings, at ￿ast fv40 per year, will lake place wlth eath delivery partner. The meetings will focus on Impact and value with input from 811 stakeholders. Fundraising activities, undewritten by Obex Dental Limitèd, énabled the Foundation to a¢hieve significant progrèss committing to the followlng programmes for the 0¢8demic year 24r25'. Jason Robinson Foundallon (Multi-sport Schools Programme) Dame Kelly Holrnes Trust {On Trad( ToAchievel Dallaglio Rugby Works {D8llaglio Rugbyworks programm?) 5 Primary Schools (12(k150 pupils per School) 5 Setondary School120 ptspils per 6chooll 11 Pupil Referral Unit8 {&12 pupils par sthcd) As Irustees we are pleased to report that for the acaflemic year 25126 we will outyerfom expectations and as a result. the number of sthools will increase to.. Jason Robinson Foundation (mutt￿Sport Schools Programme) Dame Kelty Holmes Trust (On Track To Achieve) Dallaglio Rugby Works (Dallaglio Rugbyworks progr8mmel 10 Primary Schools {12(k150 puplls per schoo 9 Secondary School120 pupils per school) 11 Pupll Referral Unlts1&12 pupils per s¢hool} Tha Trustees ar• pk¥sed with Ihe progress in the flr81 reporting perk)d And ere exdt8d that solid foundations have been established lo a¢hieve the future objéctives of the OBEX Foundation. Flnoncial r•vi•w Thè eharily received an income of £30,344 during the year, £15.344 of Ihls h88 been deferred 98 A related to an everrt after the year end. The charity has UnreStr￿ted fund$ of£14,335 whth 1$ Suffldent to meet Its future requirement8. Structur4. goveman¢• and manag•m•nl Nature of govemlng do¢umgn¢ The tharity is operated under the rules of its goveming document a# a charit&ble incorwjraled organisallon dated 21 September 2023. The Trustees served during the period and up to the date of signature of Ihe financial statements were.. Dr S Bhandal (Appoinled 21 Septernber 2Ct231 F Hall IAppoint8(121 SeptÈrnber 2023} C Healhcote IAppoinled 21 Septèmber 2023) OBEX FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2024 ROcn￿lMe￿ts￿d appolnlmgnt of tnJst$es The Obex F￿ndatiOn earrys OLrt a S￿11$ audit of current trustees whKh tdentffj￿S knowlodgé gaps wlthin the board and then 8cUvoly lakes 81eps lo re¢ruft trustegs acCordin￿Y. In order to beo)me familiar wilh thé practical work of the ¢h8rMy. naw trustees ￿11 receNe a copy of the annual report. the governing document 8nd the latest financial rèports, together brflh being 888igned a mentor from the existing Irustee board. They wlll also meet Wtth the chairperson and exisling trustees. Indu¢tion and frnining of tntst•ès The trustees ai8 Inviled to attend induction trainin9 which covers the fcAltswin9 aw8s'. a. Govemance. b. The cons1itLrtion. ¢. TTaining and support. d. Roles and rèsponsibilitse$. Communication. The charity's poliues best practice guides. g. The Obex Foundation's business plan. h. Th& risk regist8r. All trustees are then s#Jnposted to any other relevant training throughout the year. The Tru$lees' report was approved by the Board of Trustees. Dr S BhAndal Cholr of Tntsts8s Dale.. 30th June 2025 OBEX FOUNDATION CHARTERED ACCOUNTANTS. REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF OBEX FOUNDATION FOR THE PERIOD ENDED 31 AUGUST 2024 In order lo assisl you to fulfil your duties under the Charitie8 Act 2011, we have prepared for your approval the financval statements of Obex Foundallon for the period ended 31 August 2024, whi¢h comprise the statamenl of nancAal a¢lOvit*s and the related notes from Ihe ¢haritls accounting record$ 8nd fri>m information and explanabons you hava given us. As 8 practising member firm of the In$lilule of Ch8rtered Accounlanls in England 8nd Wales, we are subject to its Ihi¢BI and other profe&sional requirements wh1(*) are detailed At https.'IAwM.i¢aew.comlregulalion. Thls report is made lo thè charrfvs Twstees, 8$ a body, in ac¢(trrdance with thè terms of our eng8gemenl letter dated 10 June 2025. Our work has been undertaken solely to prepare for your approval the financial slalemènts of Obex Foundats'on 8nd slate those matters that we have agreed to state to the charivs Twslees. as 8 body, in this report in ac￿rdance with ICAEW Technical Release 07116 AAF. To th& fullèst exlenl peimilted by law, we do not accept or assume responsibthty to anyone other than Obex Foundation and the tharity$ Trusle8s as a body, for our work orfor Ihls report. 11 is your duty lo ensure that Obex Foundatlon has kept adequate accounting records Ènd lo propafe statutory financial slatemenls that give a true arbd fair wew of the ass81$, liabiliti85. financial positlon and surplus of Obex FOunda1￿n. You eonsider that Obex Foundgllon is exempt from the S￿￿￿tOry audlt ￿qUIr•Ment for Ihe period. and 1$ not required to obtain an independent examinevs report. We have not been instTuded to carry out an audit or a revl6w of th& financial statements ol Obèx FoundatlM. For this rea¥on, we have not verified the acr#Jracy or completen&ss of the accounting records OT inf0mat￿n and explanatitins you have grven to us and we do not, thereforè. express any opinion on the slaiutory ffinanaal statements. Roger4 Sp•nc•r Chartored Accountants Newslead House Pelham Rd Notb"ngham NG5 1AP OBEX FOUNDATION STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 AUGUST 2024 Unr•strlct•d fund$ 2024 Note8 Income from: Donations and18gac4e$ 15,000 Total incomo 15,000 Exponditur• on: Charitable actiwties Total •xp•ndilur• Net incom• and moYom•rt in funds 14,335 R•eon¢iliation of funth: Fund balances at 21 September 2023 Fund balanc•s •131 AUg￿t 2024 14,335 The slalemenl of fIftan￿al actNitie5 indudes all gain$ and 1088es reco3nised In the perh￿. All iniJJme and expenditure