Ch•iity reglstratlon numbgr 1204841 (England and Wal•sl
OBEX FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

OBEX FOUNDATION
LEGALAND ADMINISTRATIVE INFORMATION
Trust••s
Dr S Bh8ndal
F Hall
C Heathcol•
Sgnior manag•m•nt
Dr S Bhandal
Chair
Charlty numb•r (England and Wal•$l
1204841
R•g1St•r￿ offic•
Obex Foundallon
10>111 High Street
Houghton Regis
Bedfordshire
LU5 5BJ
Ind•pend•nt •xamln•r
Rogars s￿ncer
Newstead House
Pelham Rd
Notbngham
NGS 1AP
Bankor¥
Nthesl Bank
36, Sl Andrew Square
Edinburgh
EH2 2Y8

OBEX FOUNDATION
CONTENTS
Trustees, report
Independent examinerfs report
Statement of financial actmlieg
Ba￿n￿ sheet
Notes lo the finawal statements
7-12

OBEX FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST2025
The Trustees present Ihgir annual roport and finar￿181 statements for Ihe year ended 31 August 2025.
The fin8na818latements hav6 been prepared in aco)rdance with the acMuntlng polKies set out in note 1 to the
financial $181emen15 and comply with Ihe ¢harlVs govgmlng document, the Charities Act 2011. FRS 102 The
Flnancial Reportlng Standard applicable in thè UK and Republic of Ireland" and the Charities SORP 'Accounting
and Reporting by Chariti'es.. Statement of Recommended Practice applicable lo tharilies preparing their accounts
accordance with the Financial Raporting Standard applicable in the UK and Republ￿ of Ireland (FRS 1021"
ObJgGtlv•$ and acllvltles
In the period of th& second gnnual report the Obèx foundation has oontinued worktng on ils clear obJectNg to lèvel
the outcomes for, and lo improve the lives and health of disadvanlaggd chiklren and young peop￿ in Hertfor(Ishire
and Bedfordshlre. The wlnerable chHdren and your¥J people wa help live in home5 experiencing poverty, debt.
substsnce abuse, domests'c abuse and heatth challenges. In $ome ￿￿e5. thildren can be primary carers in Ihelr
e8rty leenage years.
Through the extenswe Ms(ts by Ihe trustee8 to the 8¢hools in our region. we witness the great efforts of the ststo
education system to support all ¢hibJren. We never cease to be inspired by tho cLsmmrtment, personal sa¢riflce and
passion of the teachers WÈ mèèt 1th8t they achieve with the r8sourc8S thay hav• available is truly amazing, but it
is not enough and 1hey need more.
Al the Obex Foundation we are provkllng &Jdrtional resources and interventions in sthools targeting disadvantaged
¢hlldren, along the education pathway, in the prSmary, secondary and pupll r6lewal unil settings.
Against our cor8 objectives we hove".
Havg oxpandad the pr•sencè of our delvery partner programm￿ reaching Children in the primary and
secondary s8tting$.
developed strong relalitinshlps within our schools nthlork impromng oui understanding of the wder support wo
n pigipide
strengthened our ytsvemance around grant giwng and the ac¢ountabilty of the r•cipi8nts to ¢reale a focus on
value and impact.
delivered and participated in fundraising event$ building OUT nefvmrk of donors and supporters to sewre long
term sustainable funding.
The trustees confirn thal IW have referred to the guidance contained in th• tharity o)mmi$$ion'$ general
guidan￿ on public benefit when I8¥￿Ing tho Foundation's aims and objeclives, plannlng future a¢b¥tties and
sgtting tha grant mth.ng pdi¢y for the year.

OBEX FOUNDATION
TRUSTEES. REPORT ICONTINUED)
FOR THE YEAR ENDED 31 AUGusf2025
Achievements and p•rfomwn¢e
Delivery Partner programmès
'mult￿sport School Partnerships", Jason Robinson Foundation
Expandèd programme from 5 primary schools lo 10 reaching 120-150 ¢hildron per school across
Luton, Dunstsble and Hemel Hempstead
Re$OUnding￿ posrtive feedback from sthools and dbildr8n regarding the irnpa¢X ￿acheS hav9 L
childr8n and teache
'On Track To A£*￿ve., Dame Kelly Hdmes Trusl
Delivered the programme through 5 secondary schcrt)Is reat*lng 100 d)Id￿ n.
Obex Foundation volunl¥•r$ supporting all programmes
Teachers and voluntéers reporting measurable ptssilive impact. in particular, with Children suffering
from low seN-eSteem and ￿nfidenCe
D811ag11o RugbyKbths
Paused the planned programme expansion pla¢ing morg fo￿$ place on the quality and d£liv&ry of
the Intervention. Delivery in 3 LLrton schools and 1 Stawn￿* schooj, reaching &12 pupils p•r
6chool
Strengthened 1h8 important ralationship with th¥ Av•nue cen￿ for Educ*ion IACEI, the leading
centre of excellen￿ in altemalive prowsion in Luton
Partner aceountability
Wa idantifiad a n•ad tts r¥i8e our understanding of the value and impa(a of our inlgtvwrtion6 for all stakehddefs
bul, in parti￿13r. the thildren and our donors. We have implemented a more slru¢tured reporting regime with
our dellvery partners through monthly operations maatings and quarterty meetings of tho Iwstees and Dalivgry
Partner CEOS.
FundraiBtrng and Donors
The follovAng events were a great success in ￿MmunicatIng the WQTk and achievement$ of th? Foundation
increased Dur nefv40rk of suppc>rters and the fund5 corrmitted lo the foundation..
Obex bike ride fundraiser in (x)njundion vdth Jason Robinson FouTrJation, Sopl8mb&r 2024
Fund raising events
C¢>hOSt￿ with The Solthem Sporting Club
Lawrence Dallaglio- Centurion Golf Club. May'24
Jason Robinson- Centurion Golf Club. November'24
C¢>hosted with The Sportlng Club
Zara findal Lunch, May'25
Held first 100% Obex fvndraising evenl. Harpenden RUFC, J￿y'25
We athieved an increa58 in donors pledging long-lem ￿)mMItment lo the foundation
Flnan¢lal r•vlgW
The charity received an incomg of £294,120 durfng the yoar, £55,839 of this hats been defer￿ as rt related to an
event aft•r the year and.
The thafty has unrgstrlcted funds ol ÈS6,407 whth is 8uffKient to meet its future rgqulrement8.
It 18 the foundallons pollcy lo build reserves to ensure long-term sustainabilty. However, In the earfy years. funds
raised have been fvlty ulilised lo deliver impact building the charity's rgpuiatlon and ne￿Ork in the school $9ttings
whh the aim to support communication and fvndraisirKJ.
The Foundation's financial pOsit￿n is shown in tho balance shaet on page e and The Trustees are satlsfieil that
Ihere 8rè no Materi￿ uncertainties regarding thè Charity's ability lo continue a5 the going ￿nCem. Th• finan¢1
Slalements have therefore been pr9pargd on the going con¢em basis.

OBEX FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Structurn. govèman¢e and management
Nature of governlng do¢um¢nt
The tharity is operated undo1 tho rules of ils governing documonl as a charitablè incorporated organisaloon dat&J
21 September 2023.
The Trustee3 who semd during tha yèar and up to the dale of signature ofthe finandal statements were..
Dr S Bhandal
F Hall
C Healhcole
RecnJitment8nd appthnfment oftrnstees
The Obex Foundation carrys out 8 skills ¥udrt of current trustees which id8nlifias knowledge gap5 wilhln the board
and then adivgly tskgs Steps lo recruit tnts1￿$ accordingly.
In order lo be¢x>me familiar with the practical work of the charity, new Iruslees will recaive a copy of the annual
reporL the goveming document and the latest financiol ieports, together wKh bèing Assigned a mentor from the
existing Iwstee board. They will also maat with thè chairpèr$È>n and e￿$ting trustees.
Indu¢lion and tr•lnlng of tn￿tr
The trustees arè invit¥¢J to 9tt9nd Sndudon training which covers the following areas..
Governancè.
b. The constitution.
Training and Support.
d. Rolas and responsibilities.
¥. Communication.
The charity's policies and best practu guides.
g. The Ob8x Foundation's busin8ss plan.
h. The risk register.
Al trustsos ar8 then stgnpostsd lo any other relevant training throughotrt th9 ygar.
The TTUSt88s' r8POrt was approved by the Board of Trustees.
Dr S Bhandal
Chalr of Trn$tse¥
Dale..

OBEX FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF OBEX FOUNDATION
I report to the Trustees on my examinalitin of the finanaal statemènts of Obox Foundation (the charilyl for thè year
ended 31 August 2025.
Responsibilit5es and basb of wort
Ag the Trustees of the charity you are responsibla for th¢ preparatson of the finanrAal statements in accordance with
the requitsments of the Charitias Act 2011.
I report in respeL* of my examinallon of the Charitys financial statements carried out under 8ection 145 of th8
Charilles Act 2011. In Carrying out my examination I have followed Iho Dlrgcuons g￿n by the Charity Commission
under section 14515llbl of the CharitiesAct 2011.
Ind•p•nd•nt oxamln•rfs stat•m•nt
Since the eharily's gross income exceeded £250,CW, the indewndenl ex8miner must be a member of a body listed
in section 145 of the Charities Act 2011. 1 confim thal l am qualifi￿ to undertake the examination because l am a
member of AssorAation of Chartered Cettified A¢ctsunt8nls, which is ofthe listed bodies.
Your att8ntion is drawn to the fact that the tharty has prepared the financkql stslemenls in 8twrdan￿ with the
rel￿an¢ vorsion of the Slalement of Recommended Piactu applicable to d)arities preparing their flnanaal
ststemenls in a¢cordan¢e with the Financjal Reporting Standard applicable li the UK and Republic of ImLand {FRS
102> in pieferen(* lo the Accountmg and Reporting by Charitias: Statement of Recornmended Practice issuod on 1
Apfil 2005 which 15 referred lo in ihe extanl règulation$ but h8$ now been withdrawn. l understand that this has
been done in order for the fin8ncBI Stalements lo prowde a true and fair view in acLordance wlh UK General
A￿pIed Accounting Practic•.
I hav9 comp￿t9￿ my examlnation. l ¢onfinn that no matters hava ￿me lo my att8nlOon In Connection wilh the
examination givsng me eausè lo believe that in any material r8sp8ct'.
accounting records wèra not ktrpt in rèspect of the charrty as required by sect*)n 130 of the Chaillies Act 2011.
the financial statements do not ?￿ord wth Uyjse r9¢0rds'. or
tho financial statements do not comply wilh the applicablfy rgquiremènts conceming thè form and content of
finanei81 $18lements set out in the Charitiès (Accounts and Raports) Regulations 2008 other than any
r￿uIreMent that the financial slatemenls give a tru& and fair v*w. which is not a matter considered 8$ part of
an independent examination.
I have no concems arKI hove come across no othèr matters in connection w￿h the axamin81ion lo whth attention
shoukj b8 drawn irfThi
port in order lo onable a proper understanding of the finandal stalemenls to be reach•d.
Mefvin Bailey FCCA DChA
Rogers Spencer
Newslead House
Pelham Rd
Nottbngham
NG5 1AP
D81e'.
30 2oz&

OBEX FOUNDATION
STATEMENT OF FINANCIAL ACTivrriES
IIMCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST2025
Unr•strlct•d
funds
2025
Re*tri¢t
fvnd$
2025
Totsl Unrestrictod
fund$
2024
2025
Incomg from:
Donatlons and lègacie8
Other trading activities
177,545
94,928
177,545
116,575
15,(
21.647
Total income
272,473
21.647
294,120
15,C(M)
Expgndltur• on:
Raising funds
Ch8Mlable actiwlies
5.021
1,278
5.021
231,679
230.401
T¢)tal expendriure
230.401
6.299
236,7CK)
M•t Incom• •nd movement in funds
42,072
1S,348
57.420
14.335
Reconclllatlon of fundB:
Fund bal8n(*8 at 1 Sèplemtet 2024
14,335
14,335
Fund b*lances at 31 August 2025
56,407
15.348
71.755
14.335
The statement of finanaal activit￿$ Indudes all gains and105ses r&cogni$gd in Ihe year. Al ￿coMe and expenditu
derfvg from conb'nulng ath"Vil￿8.

OBEX FOUNDATION
BALANCE SHEET
ASAT31AUGUST2025
2025
2024
Not0¥
Curr•nta8s•ts
Debtors
Cash al bank and in hand
39,749
93,165
30,339
132,914
30,339
Credltors: amounts f•lllng duè wlthln
one year
12
161.1591
(16.004)
N•t ¢urr¢nt a88•ts
71.755
14,335
Th• funds of the chaiity
Restricted Income fvnds
Unrestricted funds
14
16
15,348
56.407
14,335
71,755
14,335
30/06r26
Th• financial stalemenls were approved by the Tru5t88s on.............. . .
Dr S Bhandal
Chalr of Trustse8

OBEX FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Accountlng poll¢lg$
Charfty Infom)atlon
Obex F0llnd*￿n 1$ a Charlta￿e Incorporated Organisation in the United Kingdom. The addrnss of th
princAple officols 10>111 Hvjh Street. Htsughton Regis, Bedfordshire, LUS SBJ.
1.1 Ba81• of prnparatlon
The financial 518tements have been prepared in accordance with the charty'5 goveming douJm•nt, tho
Charltigs Act 2011, FRS 102 The FinancAal Reporting Standard applicable In the UK and Republic of Ireland"
and tho Ch#rrties SORP "Accounling and Reporting by Charitiès.. Slalement of Recommended Practice
appllcable to Charities preparing their accounts in acLDVdan￿ with the Fbnancial Reporting Standard
applicable in the UK and R8publi¢ of Ireland IFRS 1021" The charity 18 a Public Benefit Enb"ty as defmed by
FRS 102.
The charty has takan advanta￿ of tha pW$￿￿S in the SORP for charitias not to prepare a stslement of
cash Ilows.
The financial slalemen15 have departed from thè Charities (Accounts and Reporlsl Regulat￿nS 2008 only to
the exient required to provide a true and fair viéw. This departure has involved following the SlaterrEnt ol
Recommencled Practice for charitie$ apptying FRS 102 rather than the version of the Ststemenl of
Recommend8d Practkg whlch is ref&rr8d to sn the Regulations bul whKh has sin¢e been wthdrawn.
The ftnanclal slalements are p￿pared in slerfing, which is the functional currency of the charity- Monetary
amounts in these financial slatsments are rounded lo th8 naarast £.
The fin8n¢ial stalemenls have been prepared under the h181orlcal cost conveMion, Imodified lo Indude the
revaluation of freehold properties and lo includ& inve5tm?nl properties and certain finandal Instrument5 at fair
value]. The prTncipal accounting pc4ie4es adoptèd 8re set out below.
1.2 Golng eone•m
Al the lime of approving th8 financial ststemenls, Ihe Trustees have a reasonab19 gXP&Ctalion that the charty
has adequate resources lo contlnue In operatoonal existence for the foreseeablè futu￿. Thus th8 Trusteès
nlinue lo adopt the golng con¢em basis of a￿ountIng in preparing the financial statements.
1.3 Charitable fund8
Unreslrlcled fvnd8 are avallablè for use at the disc*etiorb of the Twst¢e$ in fijrtherance of thèir ¢harilable
obiecl'ves.
1A In¢om•
Income is recognised when the charity 1$ legal￿ entitled to it after any performane• tondibons have bggn mgL
amounls cgn be measured reliably. aNJ tt is probable that income will be r8ceived.
Cash donations are recogniqed on ￿lpt. Other donations are recognised once th& charity has been notff￿d
of the donation, unle$s perfortnance conditions require deferral of the amounl. Income lax recoverable in
relation to donations roceived under GiftAid or deeds of covenant is recognised at th& time of the donation.

OBEX FOUNDATION
NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED)
FOR THE YEAR EhlDED 31 AUGUST 2025
Accounling polici•s
{Contlnv•d}
1ts Expendrture
Expendlture Is re¢ognised once there is a legal or construdive obligation to transfer oconomi¢ b¢nefft lo
third party. rt is p￿babIe that a transf8r of economlc beneffts will be required in selllement, and the amount of
the obligation can be moa8ur8d r8liabty.
Expendllure is dassffigd by aclth"ty. The cLisls of eath activity are made up of the totsl ol direct costs and
shared costs, induding suN)ort cost5 invofved in undertaking each adivity- Dirèct eosts attributable lo a slng
Bctiwty are 8llo¢atetl dIrect￿ lo tt)at activty. Shared costs which eonlribute to more than one actNity and
support c¢$l$ whth are nol attributable to a single actiwty arp appo￿Oned ￿tween those aciivities on a b8s18
eonsi3lenl with the use of resources. Central staff eosts Bre alloc8ted on the basis of lime ynt, and
doprecialion charges are albcated on the porbon of Ihe assel's usg.
1.6 Ca$h and cuh equlvalents
Cash and cash equivalents In¢￿de cash in hand. deposts held at call with banks, other short-lemi liquid
investments with orfoSn81 malurMi8s of three months or less. and bank overdrafts. Bank overdrafts are shown
thin borrowings in curr•nl liabilities.
Criii¢al accounting •sllmatos and jUd￿n￿nts
In the application of thè chaiity's accounting pcAiLaes, the Truste05 ar8 raquired to make judgements,
estimates and assumpllons about the carrying amount of assels and liabilities that are not readity apparent
Irom othèr sourcès. The estimates and associaied assumptions are ba89d on historical experience and other
fartQTS that are ronsidered lo b8 relevanL Actual resulls may differ from the$8 eslirnales.
The eslimales and underlying a55umptions aro reMaw8d on an ongoing basis. ReM$ion8 to accounlkng
eslimale$ are re¢ogni$ed in the period in which the estimate is r•vi$ed where the rewsion affe¢t$ only that
period, or in the period of the reVI￿On and future perlods where the revisk)n affects both current and future
periods.
Incom& from donatlon$ and legach¥
Unrestricted Unrnstsletsd
fund$
fund8
2023
2024
Donations and gilts
177,545
15,000
Incom• from oth•r tradlng aclivltles
Unr•$trl¢t•d Re*tricted
funds
funds
2025
2025
Total Unr•strict•d R•stricted
funds
fvnds
2024
2024
Total
2025
2024
Fut)drai$ing gvfjnls
94,928
21.647
118.575

OBEX FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Exp•ndI￿re on rniiing funds
Re¥trictod
fund•
2025
R•strf¢t•d
nds
2024
Fundralslng and publicity
Seeking donation$, grants and legac4e8
5,021
Exp•ndlture on ch*rltable actlvltlos
Total
202S
Total
2024
Dir•ct costs
Bank Charges
Postage, Frelght & Couvier
Subscriptions
Other charges
D¢nalions paid out
Advartising
IE Fees
278
405
227,232
1,680
230,299
Share of4upport and gov•manc• costs
Govomance
1.380
660
231,679
665
An#lysSs by fund
Unrestricted fiJnd$
Restricted funds
230.401
1,278
231.679
Nèt movttmènt in funds
2025
2024
The net rnovemont in lund$ is stated after chargingllcreditingl."
Fees payablè for the independent examinati%)n of th& ¢h8rWs ffinanclal
5talernenls
1,680
Tru8tr•8
None of the Trusteès (or any p•rson$ ¢onnected wilh them) receN8d any ramunaration or bonefits from the
charity during the year.

OBEX FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED>
FOR THE YEAR ENDED 31 AUGUST2025
10 Taxation
The charity is exempl from taxation on ils activrties because all ils income 1$ applled for c*)arMable purpose$.
11 Debtov•
2025
2024
Amounts falllng due within one year.
Prepaymenls and accruèd in¢om¥
39,749
12 Cr•ditor8: amounts folling due within one y￿1
2025
2024
Deferred income
Accruals
13
55,839
5,320
15.344
61,159
18.C¢)4
13 Dèferred income
2026
2024
Other deferred income
55,839
15.344
Defarred income Is induded In the financial statements as foll￿$..
2025
2024
Deferred In¢om¢ 1$ Induded wrthin..
Current liabililifjs
55.839
15,344
202S
2024
Mov8m8n15 in th• year
Deferred income al 1 September 2024
Released from previous periods
R•sour¢8$ deferred in the year
15,344
{15,344)
55,839
15,344
Deferred income at 31 August 2025
55.839
15.344
10-

OBEX FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2025
14 Restrictèd funds
Th8 r8$tri¢ted fund3 of the tharty comprise the unexpended baLgnceB of donations ond grants hèld on trust
8ubject 10 5pecsfic ￿nditIonS by donors as to how they may be used.
At1
Septsmbor
2024
Incomlng
resources
Resourc•• At 31 August
xpendgd
2026
Funds raised gt JRF Sardinia event- Sept
2024
21,647
16,2991
15.348
15 Unrtgtrict•d funds
The unrestricted fvnds of the charity compris8 the un8xpended balances of donations and grants whid) are
not sublect lo speafi¢ condibons by donors and grmntors as lo how they may be used. These include
dfjsl9n*￿ funds which have been sel asldo oul of unrthcted fvnds by the trustees for spec¢fic purposes.
At1
Sgpt•mb•r
2024
Incomlng RMour¢es At 31 Augu¥t
rosour¢
oxpendgd
1015
General fvnds
14.335
272,473
1230.4011
56.407
Pr•viou¥> period:
In¢*)mlng
resour¢eg
Resourem At 31 AuguBt
•xp•nd•d
2024
September
2023
General lunds
15.(XlO
{665)
14,335
16 Anaty¥ls of nèt amots b•tw••n fvnd¥
UnY•$trfet
funds
2025
Rg5trictod
nd$
2026
Total
2026
At31 Augusl2026:
Current asselsllliabili118s>
56.407
15.348
71.755
56,407
15.348
71,755
11

OBEX FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2025
16 Anatytsis of net a88èts betr￿en fvnds
{Contlnu•dl
Unrestrlct•d
funds
2024
R•8trlcl
funds
2024
Total
2024
At 31 August 2024".
Current asselsloiabililiesl
14.335
14,335
14,335
14,335
17 Relotsd party tr•n$actlons
Trnnsaetlon$ with r•lat•d parties
Dr S. Bhandal aets as a trustee ol both Th• 0￿X Foundatbjn and the Jason Robinson Foundal•?n.
During the year, The ObBx Foundation m8de a donation of £30,OLIJ {2024.' £nill to the Jason Robin80n
Foundation lo support the muhiple school programmes.
12-