Registered number: 14235609 Charity number: 1206394 STEELBACKS FOUNDATION (A Company Llmited by Guarantae) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025
STEELBACKS FOUNDATION IA Company Limited by Guarantee) CONTENTS Page Referance and Administratlve Details of thè Company. its Truste8s and Advlsers Trustses, Report Independent Examiner's Report ststement of Flnanclal Actlvltl¢s Balance Sheet Notes to the Financial Ststements 10-19
STEELBACKS FOUNDATION IA Company Limlted by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 JANUARY 2025 Trustees A Bindlay D Hartley S Hassell Iresigned 27 August 20251 K Nicholson G Howard Iresigned 29 October 20241 R Austin lappoinled 31 January 2025, resigned 16 July 20251 P Jones lappoinled 31 January 20251 S Kiddy lappoinled 31 January 2025) Dr C Long lappoinled 31 January 20251 A Rozzier lappoinled 31 January 20251 S Zaman lappoinled 31 January 20251 Company registered number 14235609 Charity reglstèred numbèr 12(E394 Reglstered offlce The County Ground Abington Avenue Northampton Northamptonshire NN14PR Accountants MHA Chartered Accounlanls The Pinnacle 150 Midsummer Boulevard Milton Keynes MK91LZ Page 1
STEELBACKS FOUNDATION IA Company Limiled by Guarantee} TRUSTEES, REPORT FOR THE PERIOD ENDED 31 JANUARY 2025 The Trustees present their annual report together with the financial statements of the Sleelbacks Foundation for the 1 August 2024 10 31 January 2025. The Annual Report seNes the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual Report and financial slalemenls of the charitable company comply with the CUTrenl slalutory requiremenls, the requirements of the charitable company's governing document and the provisions of th¢ Statement of Recommended Pradice {SQRPI applicable lo charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS1021 {eff8clive l January 20191- Since th6 Company qualifies as small under Section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies A¢1 2Q06 Islralegic Report and Directors, Report) Regulations 2013 has been omitted. Ohjectives and activities 8. Policies and objectlves Tha Stee1backs Foundation's objects are reslricled specifically, for the public benef11 generally. and in particular, for the benefit of the residents of Northamplonshire and neighbouring and nearby counties, (including but not limited lo Buckinghamshire, Bedfordshire, Cambridgeshire, and Hertfordshirel who by reason of their youth, age, ill-heallh, disability. financial hardship OT Other disadvantage, may need the use of such facilities by the provision of.. al lo advan community parti¢ipalion in healthy recreation in playing cricket, bl to advance the education (including social and physical Irainingl of individuals by providing, or assisting with the provision ol, inspirational and motivational Goaching and mentoring PTogrammes. cl to provide grants lo individuals and OT org8nisalions who can assist the charity in attaining the objects sel out in lal and Ibl above. Our Vision.. Create opportunitles. Nurturo talent. Enhance lives. Our Mission.. Utillse the power of Grlcket to enable communltl8s and Individuals to unlock thelr potentlal and liv8 happier, healthier lives. We have three key obje¢lives'. PARTICIPATION Extend the reach of ¢ricket by enabling communities lo connect and foster long term engagement wlh Northamplonshire clubs and cricket. PEOPLE Remove barriers and create opportunities to lind and nurture on and off field cricket talent from all backgrounds. LIFE CHANCES Provide soci21, physical, education and health opportunities through cricket. In selling objedives and planning for aclivilies, the Trustees have given due consideration lo gener81 guidance published by the Charity Commission relating to publlc benefit. including the guldance 'Publi¢ benefit.. running a charity IPB21'. Page 2
STEELBACKS FOUNDATION IA Company Llmited by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2025 Objectives and actlvitles l¢ontlnuedl b. Strategles for achievlng objectlv8s PARTICIPATION: Increase partlclpation in Crlckel Relain and grow the number of people plawng the game Imeasure adullstiuniorsl Encourage participation in under-represented communities players, volunteers, employees and leaders (measure women, BAME, disability elcl Provide appropriate club and community playing offers for all groups lfriendty and compelilivel Support the delivery of sustainable cricket Infrastructure Support the growth of trainin9 and playing facilities in the county. especially in underserved areas Highlight and encourage environmentally friendly pracli¢es in facility managernenl lo promote suslainabilily Encourage and increase community involvement in cricket PEOPLE.. Removlng barriers to cricket, for everyone Ensure an environment that is sale and welcoming for all groups to enjoy cricket. wherever cricket 18 played Deliver events and inilialives that help our clubs lo byild relationship5 With their loe31 communities Expand access to ¢rickel programs in diverse communities and underserved areas Celebrate and relain existing volunteers across all aspects of cricket, wherever crickal is played Help to allracl and support new volunteers 8¢ross all aspects of cricket, wherever Cricket is played Develop and nurture talent Provide rtrlevanl playing and developrnenl opportunities offers for young people of all abilities Create training and support opportunities for young people involved in cricket (young leaders, free kil, nulrilionl Develop primary and secondary school 8ngagemenl LIFE CHANCES.. Promote heaSth and well-being Encourage physical fitness and a healthy lifestyle through activities and events Integrate mental health awareness and support into our programs lo foster overall wellbeing Enhance Ilfe chances through ¢ricket Teach life skills, teamwork. leadership and discipline, benefiting participants beyond sport {e.g. employabililyl Demonstrate the benefits of engaging with sport lo enhance life chances Page 3
STEELBACKS FOUNDATION IA Company Llmlted by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 JANUARY 2025 Oblectlves and activltles Icontlnuedl c. Maln actlvttles undertaken to furthèr the Company's purposes for the public benefit steelbacks in the Community is commilted lo widening participation and engagement across cricket, especially under-represented groups. In October 2024 Sleelbacks Foundation took over responsibility for the activities prewously Carried out by Northants Recreational Cricket CIC. Sleelbacks Foundation wll continue lo use cricket as 8 driver for posilThie change and life improvements In Northamplonshire. Achlevements and pgrformanca . Maln achievements ofthe Company Sleelbacks in the Community has delivered an increase in the number of people playing and engaging with cricket. including volunteering, managing and watching. The focus has stayed consislonl, supporting 80 plus clubs. making cricket accessible for all, enga9ing chibdren and young people, and transforming women's and girls, crid<ol. Through the ECB County Grants Fund. we have awarded grgaleT than £60k lo help clubs create welcoming environments, tÈckle the impact of climate change and improv8 facilities, under the direction of our impartial panel which meets across three grant cycles each year. 18,000 students from 100 schools have taken part in cricket aclivily, including Chance lo Shine and Lord's Taverner events, S00+ children allended one of our skills or holiday catnps with I00+ places promded free, supported by heaKhy eating activities as part of our HAF programme. 754 children participated in Street cricket sessions under chance lo Shine, al three local hubs. 23 clubs now have women and girls, se¢tions, and of our 230 junior teams, 33 are now girls only. W8 have trained 150 volunteers and optsraled a number of new walking cricket hubs. Financlal performance a. Financlal review In the 6 rllonlhs ended 31st January 2025, Income totalled £204,871 against expenditure of £131,324. The Foundation held reserves of £79,465 al 31st January 2025 which is in line with the reserves policy. Following the sale of the Hundred franchises, the ECB will be investing more money into Recreatlonal cricket. The Trustees will be creating a viable case to a¢cess thi8 funding. b. ReseNes policy The Iruslees intend lo build up reserves lo a figure that would cover 6 months fixed overheads including salaries. Page 4
STEELBACKS FOUNDATION IA Company LlmSted by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 JANUARY 2025 c. Golng concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources lo ¢onlinue In operational existence for the foreseeable futuro. For this reason, they continue lo adopt the going con¢ern basis in preparing the financial slalemenls. Further details regarding the adoption of the going concern basis can be found in the accounting policies. structure, governanG8 and management a. ConstitLStlon Sleelbacks Foundation is registered as a charitable company limited by guarantee and was sel up by a Trust deed. b. Mathods of appointmènt or electlon of Trustees Tha management ol the Company Is Ihe responsibility ol the Trustees who are elacted and co-opted under the terms of the Trust deed. Statement of Trustees, responslbllities The Trustees (who are a180 the directors of the Company lor the purposes of company lawl are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial stalernenls for each financial . Under company law, the Trustees musl not approve the financial slalemenls unless they are satisfied that they give a Irue 2nd fair view of the slate of affairs of the Company and of ils incoming resources and application of resources, including its income and exptsnditure, for that period. In preparing these financial slalemenls, the Trustees are roquired lo.. select sui18ble accounting policios and then apply them consislenlly., observe the molhods and principles of the Charities SORP IFRS 1021; make judgments and accounting eslimale5 that are reasonable and prudent., slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial slalemenls., prepare the financial slalements on the going concern basis unles8 it is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain th8 Companls transactions and disclose with reasonable accuracy 81 any lime the financial position of the Company and en8ble th8m lo ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection ol fraud and other irregularities, Approve order of the members of the board of Trustees and signed on their behalf by.. ley Tiuslee Dale.. 29 . 1 L25 Page 5
STEELBACKS FOUNDATION {A Company Llmited by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 31 JANUARY 2025 Independent Examlner's Report to the Trustees of Steelbacks Foundatlon I'the Company'l I report to the charity Trustees on my examination of the accounts of Iho Company for the period ended 31 January 2025. Responsibllities and Basls of Report As the Trustees of the Company land ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance wrth the requirements of the Companies Act 2008 I'lhe 2006 Acl'l. Having satisfied myself that the accounts of the Company are not required lo be audited under Part fj6 of the 2008 Act and are eligible lor independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of Ihe Charities Act 20111'lhe 2Q11 Aol,). In Carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llb) of the 2011 Act. Independent ExamIneS Statement I have compl¢led my examination. I confirm that no mallers have come lo my allentlon in connedion with the examination givin9 me cause to believe.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act.. or the accounts do not accord with those records.. or Ihe accounts do not comply with the 8¢counling requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lru8 and fair, view which is not a maller considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of tho Slalemenl of Recommended Pra¢tice for accounting and reporting by charities lapplicable to charities preparing their a¢counls in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102)1. I have no concerns and have come across no other mallers In connection with tho examination lo which all&nlion should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. This report is made solely to thè Companls Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate to the Compantys Trustees those mallers l am required to slate lo them in an Independent Examiner's Report and for no other purpose. To Ihe fullest extent permilled by law, I do not accept or assume responsibility to anyon6 other than the Company and the Company's Trustees as a body, lor my work or for this report. Signed,. Dated.. 2911012025 EIEabelh Newell BA IHons} FCA MHA Chartered Accountants Milton Keynes Page 6
STEEL8ACKS FOUNDATION IA Company Llmited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE PERIOD ENDED 31 JANUARY 2025 Unrestricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies Charitable aclivilios other trading activities 94,930 104,560 5,381 94,930 104.660 5,381 15,245 2,251 Total 5n¢omo 204,871 204.871 17,496 Expendlture on: Raising funds Charitable activities 2,115 129,209 2,115 129.209 1,364 10.214 Total expendlture 131,324 131,324 11,578 Net movemgnt in funds 73,547 73,547 5,918 Reconclliatlon of fLSnds'. Total funds brought forward Nel mov8ment in funds 5,918 73.547 5.918 73,547 5,918 Total funds carrled forward 79,465 79,465 5,918 The Statement of Financial Activities includes all gains and losses racognised in the period. The notes on pages 10 to 19 fom part of these financial slalemenls. Page 7
STEELBACKS FOUNDATION IA Company Limlted by Guarantee) REGISTERED NUMBER: 14235609 BALANCE SHEET AS AT 31 JANUARY 2025 31 January 2025 31July 2024 Note Tangible assets 11 4,682 4.682 Current assets Cash al bank and in hand 102,170 40.804 102,170 40,804 Current Ilabilltles Creditors.. amounts falling due within one year 12 127,387} (34,886) Net current assets 74,783 5,918 Total assets less current liabllltleg 79,465 5.918 Net assets excluding penslon asset 79,465 5,918 Total net assets 79,465 5.918 Charlty funds Reslricled funds Unreslricled funds 14 14 79,465 5,918 Total funds 79,46S 5,918 The Company was entitled lo exemption from audit under section 477 of the Companies Act 2006. The members have not required the company lo obtain an audit for the period in question in accordance with 88clion 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records and preparation of financi31 slalemenls. The financial stslemenls have been prepared in accordance with the provisions applicable lo entf(iets SLJbjecl lo th8 small companies regime. The linan¢ial statements were approved and aulhoTised for issue by the Twstees and signed on their behalf by.. Page 8
STEELBACKS FOUNDATION {A Company Limited by Guarantee) REGISTERED NUMBER: 14235609 BALANCE SHEET ICONTINUEDI AS AT 31 JANUARY 2025 A Bindley Trustee Date.. Z* . 70?5" The notes on pages 10 10 19 form part of these fin8n¢ial stalemenls. Page 9
STEELBACKS FOUNDATION IA Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 General Informatlon The charity is a private TpanY Iregislered number.. 142356091 and registered charity (registered number 1206394), limited by gLJaranlee, in England and Wales. The address of ils registered office is The County Ground, Abington Avenue, Northampton, Northamptonshire. NN14PR. The operations and assets of Northamplonshire Recreational Cricket CIC was transferred lo Sleelbacks Foundation wlh effect from 7th October 2024. The financial slalemenls are presented in Sterling, which is al80 the functional currency of tha company. All flgures in the financial statements are rounded lo the nearest £1 Accountlng pollcle8 2.1 Basis of preparation of financlal statements The financial slalemenls have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo ch8rilies prepaTing their accounts in accordance with the Financial Reporting Standard applicablo in the UK and Repukilic of Ireland IFRS 1021 leff8clive 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companles Act 2006. steelbacks Foundation meets the definition of a public benefit enlily under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless olhenNise slated in the relevant accounting policy. 2.2 Income All income is recognistsd once the Comp8ny has entillemenl to the income, it is probable that the income will be received and the amount of income Teceivable can be measured reliably. Grants are included in the Slatemanl of Financial ActNilies on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of enlillemenl of feceipl, ils recognition is d&ferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. 2,3 Expenditure Expenditure is recognised once ther8 is a legal or conslruclive obligation lo transfer economi¢ benefrt lo a third patly, il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs of each activity are made up of the lolal of direct costs and shared ¢osls, including 8UPPOrt costs involved in undertaklng each aclivily. Direct costs allribuiable lo a single activity are allocated direclty lo that aclivily. Shared costs which contribute lo mofft than one adivity and support wsls which are not allribulable lo a single activity are apportioned between those aclivilies on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the Portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the Company lo raise funds for its charitable purposes and includes costs of all fundraising activities events and non.charilable trading. Page1D
STEELBACKS FOUNDATION IA Company Llmlted by Guaranleel NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 Accounting pollcles Icontlnuedl 2.3 Expendlture {continued) Expenditure on charitable a¢lMlies18 incurred on directly undertaking the activities which further the Compan18 objecliv6s. as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.4 Tanglble fixod assets and depreciation Tangible fixed assets ctssling £NIL or more are capilalised and recognised when future economic b&nelils are probable and the cost OT V81ue of the asset can be measured ra1iably. Tangible fixed assets are initially recognised 81 cost. After recognition, under the cost model, tangible fixe(J assets are measured al cost less accumulated deprerAalion and any accumulated impaimienl losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation 18 charged so as to allocate the cost ol tangible fixed assets less their residual value over their eslimaled useful lives, Depreciation is provided on the following bases.. Motor vehicles Fixtures and fillings Computer equipment 2.5 Cash at bank and in hand Cash al bank and In hand includes cash and short-term highly liquid inveslrnents with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.6 Liabilltles and provlsions Liabilities are recognised when there is an obligation al the Balance Sheet dale as a result of a p8St event. il is probable that a transfer of economic benefit will be required in selllement, and the amount of the selllemenl can be eslimaled reliably. 2.7 Flnanclal Instruments The Company onty has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al transaction value and subsequently measured al their selllemenl valu8 with the exception of bank loan8 which are subsequently measured at amortised cost using the effective interest method. 2.8 Pensions The Company operates a defined contribution pension scheme and the pension charge represents th& amounts payable by the Company to the fund in respect of the period. Page11
STEELBACKS FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 Accountillg poll¢lés Icontinuedl 2.9 Fund accounting General funds are unreslricled funds which are available for Ljse at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Designated funds comprise unreslricled funds that have been sel aside by the Trustees lor particular purposes. The aim and use of each designated fund is sel out in the notes to the financial slalemenls. Income from donations and legacles Unrestricted funds 2025 Total funds 2025 Donations 90,557 4,373 90,557 4,373 Grants 94.930 94,930 Unresliicled lunds 2024 Total funds 2024 Donation8 15,245 15,245 Income from charitable activities Unrestricted funds 202S Total *unds 2025 Total funds 2024 EC8 income Programme income 81,218 23,342 81.218 23,342 104,560 104,560 Page 12
STEELBACKS FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 Income from other trading activities Income from fundraising events Unr8stricted funds 2025 Total funds 2025 Fundraising 5,381 5,381 UnStricted funds 2024 Tolal funds 2024 Fundraising 2,251 2,251 Analysls of expenditure on charitable actlvltles Summary by fund type Unrestricted funds 2025 Total 2025 Wages Employeff s Nl Employels pension IT expenses Stationary and advertising Accountancy fees Insurance Travel expenses Legal fees 1Q5,103 8,784 4.543 155 59 4,440 1.046 879 4,200 105,103 8,784 4,543 155 59 4,440 1,046 879 4,200 129.209 129.209 Page13
STEELBACKS FOUNDATION IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 Analysis of expendlture on charitable actlvltles {contlnuedl Summary by fund type Icontinuedl Unrestricted funds 2024 Tolal 2024 122 IT expenses Consuttancy fees Stationary 8nd advertising Accountancy fees Travel expense8 Legal fees 122 1,085 1,320 1,085 1,320 264 2.423 2,423 10,214 10,214 Analysis of expenditure by actlvltles Support costs 2025 Total funds 2025 Wages Employerfs Nl Employerfs penslon IT expenses Stationary and advertising Acwunlancy lees Insurance Travel expenses Legal fees 105,103 8,784 4,543 155 105,103 8,784 4,543 155 59 59 4,440 1,046 879 4,2CIO 4.440 1,046 879 4,200 129,209 129.209 Page 14
STEELBACKS FOUNDATION IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 Analysls of expenditure by activltles Icontlnuedl Support costs 2024 Total funds 2024 IT expenses Consultancy fees Stationary and advertising Accountancy fees TTavel expsnses Legal fees 122 5,000 1,085 1,320 264 2,423 122 1.085 1,320 264 2,423 10,214 10,214 Independent examlner's remuneration 2025 2024 Fees payable lo th8 Company's independent examiner for the independent examination of the Company's annual accounts 2,500 staff costs 2025 2024 Wages and salaries Social security costs Contrlbulion lo defined contribution pension schemes 105,103 8,784 4.543 118,430 The average number of persons employed by the Company duTing the period was as follows.. 2025 2024 No. Employees No employee receNed remuneration amounting lo more than £60.000 in either year. Page15
STEELBACKS FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 10. Trustees, remunèration and expenses During the period. no Trustees received any remuneration or other benefits 12024- £NIL). During the period ended 31 January 2025, no Trustee expenses have been incurred 12024- £NIL). 11. Tangible fix¢d assets Motor Fixtures and vehicles fittings Computer equipmènt Total Cost AddKions 3.349 990 343 4,682 Al 31 January 2025 3,349 990 343 4,682 Net book value Al 31 Janu8ry2025 3,349 990 343 4,682 AI 33 July 2024 12. Credltors: Amounts falling due within one year 31 January 2025 31 July 2024 Other laxalion and social security Other credilors Accruals and deferred income 6,373 16.S74 4.440 34,886 27,387 34, 886 Page16
STEELBACKS FOUNDATION (A Company LlmSted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 13. Financial instruments 31 January 2025 37 July 2024 Flnanclal assets Financial assets measured al fair value through income and expenditure 102,170 40,804 14. Statement of funds Statement of funds- current perlod Balanco at 31 January 2025 Balancè at 1 August 2024 Income Expendllure Unrestricted funds Deslgnated funds Designated Funds all funds 4.682 4,682 General funds General Funds- all funds 5,918 200,189 {131.3241 74,783 Total Unrestricted funds 5,918 204,871 1131,3241 79,465 Page 17
STEELBACKS FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 15. Summary offunds Summary of funds- current period Balance at 31 January 2025 Balance at 1 August 2024 Income Expendlture Designated funds General funds 4,682 200.189 4,882 74.783 5,918 {13q,3241 5,918 204,871 1131,3241 79,465 16. Analysis of net assets betwèèn funds Analysis of net assets between funds - current perlod Unrestrl¢t&d Total funds funds 31 January 31 January 2025 2025 Tangible fixed assets Current assets Creditors due within one year 4,682 102,170 127,3871 4,682 102,170 127,387} Total 79,465 79.465 Analysls of net assets between funds - prlor p&rlod Unrestricl8d fvnds SlJuly 2024 Tolal funds 31 July 2024 Current assets Creditors due within one year 40,804 (34,886) 40,804 {34.886) Total 5.918 5,918 Page18
STEELBACKS FOUNDATION IA Company Llmited by Guarante8} NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 17. Pènsion commltments The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost ¢harge represents contributions payable by the company lo the fund and amounted lo £4,543 12024.. £nill. Contributions tolalling £1,648 12024.. £nil) were payable lo the fund al the balance sheet dale and are included in creditors. Page19