Charity Registration No. 1124743 Company Registration No. 06532074 (England and Wales) SOFII FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Gravlta Buslness Sen4lces11 Llmlted Chartered Accountants 2 Leman Streat London United Kingdom E1W9US
SOFII FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Truste8S Heather Little Rachael Moore Angelique Masse Nguyen Charmaine Shah Andrew Watt Kevin Delanèy (Appolnted 10 December 2024) Bh8r81i Ramchandran (Appolnted 10 December 2024) Jaoa de Andrade Verquelro (Appointed 10 December 2024) Victor Van Der Veen (Appolnted 10 December 2024) Steven Gibson (Appolnted 9 July 2025) Secretary David Carringlon Charlty number 1124743 Company numbor 06532074 Registergd offico 19 Chelsea Park Gardens London SW3 6AF Indèpondent examlner Gravita BusSness Services11 Limited 2 Leman Street London United Klngdom E1W 9US Bankers The Co-operative Bank Pl Business Direct PO Box 250 Skelmersdale WN8 6WT
SOFII FOUNDATION CONTENTS Page Trustees, report Independent examinels report Statement of finanGial activities 10 Balance sh8et 11 Notes to the financlal slatements 12-15
SOFII FOUNDATION TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The truslees present their annual report and financial ststements for the year end8d 31 March 2025. The financial statements have been prepared In accordance with the accounting pollcSes set out In note 1 to the flnancial stateménts and comply wlth the Charities Ad 2011, the Companies Act 2006, and 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable to charltles preparSng their accounts in accordance with the Financlal Reportlng Standard applicable in the UK and Republlc of Ireland (FRS 102)" {as amended for accounting periods commenclng from 1 January 20161 Structure, govèrnance and management The charity was incorporated on 12 March 2008 as a company limited by guarantee. The memorandum and articles of association are the governing document. The trustees, who are also the dlrectors for the purpos8 of company law. and who seNed during the year and up to the date of signature of the financial statements were: Craig Linton Meredith Niles Richard Turner H88ther Little R8chael Moore Angelique Masse Nguyen Ch8rmaine Shah Andrew W81t Kevin Delaney Bh8rati Ramchandran Jaoa de Andrade Varquelro Viotor Van Der Veen Steven Glbson (Resigned 10 December 20241 (Resigned 31 March 20251 (Resigned 10 December 20241 IAppoint6d 10 Dember 20241 (Appointed 10 December 20241 (Appointed 10 December 20241 {Appolnted 10 December 2024) (Appolnted 9 July 20251 None of the trustees have any beneficial interest In the company. All of the Iruslees are members of the company and guarantee to contribute £1 in the event of a winding up. SOFII has no employees and relles on the efforts of volunteers and self-employed individuals worklng on specific tasks for the delivery of all its services and activities. In 2024-25 the latter induded long-standing SOFII assoclales Joanna Culling and Carolina Herrera, as well as Lynda Hatwood-compton, who began working with SOFII in 2023-24 and who was confirmed by trustees as SOFII'S Director in July 2024. Additionally, SOFII has continued to use the seNices of Deepika Singh, a consultant engaged by SOFII vla Upwork whose expertise helps SOFII make much needed adjustments and improvements to the webslte. David Carringlon, a former trustee, served as SOFII'S Company Secretary and Honorary Treasurer on a volunteer basls throughout the year. SOFII has also benefitled from the seNice of fundraisers who have donated thelr tlme lo setve as mentors for IWITOT speakers, as w811 as fundraisers who have contrlbuted articles to SOFII. In 2024-25, SOFII formed a new Audience Development Advisory Commlltee comprised of a number of fundraisers who volunteer their time alongside SOFII trustees lo help SOFII grow Ihe number of fundraisers around the world who 8ccess our content. The tru8tees would like to express their gratitude to everyone who has contribuled to SOFII'8 success, Ob]e¢ts The objects of the SOFII Foundation are Yo promot6 the efficiency and efflcacy of ch8rities worldwid6, in particular (without limitation) through 8dvising people about successful charitable fundraising activities.. The tnjstees have paid due ragard to guidance issued by the Charlty Commission in deciding what aclivities the charity should undertake.
SOFII FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Review of activltlos, achlevements and perfomiance SOFII 8XlSts to make charllSes more effective and help charity professlonals, partlcularly fundralsers, to access the best thlnkSng, creativity and case studies to help them Improve theSr Smpact and professional competence. SOFII'S aim Is to develop a thriving, constantly evolving SOFII website wSth an everfncreaslng user base and the world's largest archlve of fundraising case hlstories drawn from every conllnenl. SOFII dlffers from all other fiJndraSsing portals In that it is a unique, permanent, easily accesslble archlve of effective fundraising best praclSce from around the world. SOFII Is dedlcated lo.. Preserving fundraising's loUrfUl and instructive hlstory. Spreading ideas that change the wodd. The ¢elebralion of inspiration and creativity. Creating an indispensab18 fundraiser's toolbox. Encouraging voluntary sector workers to value and celebrate their role in helping others to make a difference, as this will lead to b8tter equlpped and more molivat8d staff who will stay longer. SOFII'S value8, which have been formally adopted by the trustees, are: Inclusivity, Respect, Transparency, Integrity, Innovation, Inspiration. 8nd Courage. SOFII'S lOng-te goal is to become the number one resource for fundraisers around the worfd. The material and leaming 8vailable from SOFII is generated by the same people who benefit from 11.. fundraisers and Iheir managars. What's mor8, there's no charge for accessing the website and leaming from It, whlch means that ffiJndraisers can spend as long as they1Ske learning from SOFII regardless of their tralnlng budgel. This makes SOFII'S resources particulady appreciated and valued by fijndraisers in small to medium-sized charities. SOFII'S analybcs show Ihat In Ihe month of January 2025 alone over 12,000 sesslons were recorded by the SOFII websit8 (a session Is a time when a visitor actively engages with a website). There are now well over 1,100 articles covering all aspects of fundraising on the site. The SOFII archive is part of the digital UK Web Archive. is a collaboration between the UK Legal Deposit Libraries (British Llbrary, Bodleian Libraries, Oxford, Cambridge University Llbrarfes, National Llbrary of Scotland, National Library of Wales and Trinity College, Dublin).
SOFII FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Features on the website includg: Case histories of fundralsing bostpra¢tlCO A unlque collectlon of exhlblls- case studles of InnovatSve, trfed and tested fundralslng Ideas and examples from around th8 wodd are featured. permanently avallable to copy or download. Ftjndraising campaigns are analysed, wlth results vthere posslble, usually prepared and submltted by the people responsSble for them i.e. fundralsers themselves. Accompanying text guides the reader in how to use these for their benefit. The exhibits are dlvlded Into loglcal fundraislng categories. Trusts fundraiser, for instance, will know that if thay visit the Twsts and Foundations showcase they will find samples of tried and tested ideas they can learn from. So far. there are 747 detalled Individual case studles, wlth more being added each month. A fundralslng archlve SOFII gives access to some of the best fundraising campaigns in history, the oldest going back more than 3,500 years. The site is building and preseNing a unique record of the hlstory of fundraislng and social change campaigning. Without SOFII. fundraisers would remain unaware of the lessons that Can be learned from their hlstory and Ignorant of guidance and inspiration that could help Improve their future communications. SOFII trnnslatod Thanks to the efforts of some dedicated volunteers, many of the case studies and articles h8ve b8en translated Into Portuguese. Italian. French, Spanish, Gemian, and even a few in Chinese. Top tlps, oplnlon pleces, analysls SOFII offers a wide array of resources induding feature 8rticle8 and infomiation on i8SU8s relevant to fundraisers everywhere. Though many other websites produ arbcles for fundraisers, SOFII focuses on appropriate, well- written materi81 in an easily digested form8t, not readily found elsewhere. Our flagship event- I bwish I'd Thought of That (IMTOTJ.. IWITOT is SOFII'S successful flagship fundralsing event, usually run each year In London and copied in many other countries. IWITOT was Inltlally developed by SOFII, with support from Open Fundraislng, one of SOFII'S business partners. In a single aftemoon, hand-picked speakers chosen from a spectrum of fundralsing speciallsts each present an Inspirfng fundraising Idea that they wlsh they'd thought of - an Innovalive Idea that we can all learn from. The caveat is the idea cannot be their own, it must be someone else's. It must be presented in seven mlnutes or less. IWITOT has become part of the fundraiser's lexlcon and now thousands of fundralsers the world over have experienced IWITOT'S unique atmosphere - voling for their favourite Idea at the end of each event. Over the years IWITOT events have now been held In Australla. New Zealand, Canada, USA, France, Holland. Sweden, Mexico and. of course, the UK. We continue to field qLtestS from fundraisers and organisations who would like to add IWITOT s6ssions to their conferences, meotings and webinars. The love for IWITOT in the sector endures. Progress made In 2024-25: 2024-25 was a productive year ft)r SOFII. Key achievements for SOFII this year include- Successfully hosting our third fully hybrld IWITOT ev8nl, attracting a global audl8nc8 and significant sponsorship. Continuing to dellver r818vant content to our communlty throughout the year, enabling us to grow our audi8nce. Growing tha SOFII One Hundred regular givlng communSty. Deepenlng our relatlonshlp wllh key partners In the sector. Refreshlng our governance through the &81ablishment of formal board subcommittees and the recrultment of new trustees and a new Chair.
SOFII FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 IWITOT 2024- hybrid event On November 7th 2024, SOFII proudly hosled, alongside our partner Op8n, our twelfth flagship IWITOT event, raturning to Amnesty International's London headquarters, 8 venue where we had prevlously hosted IWITOT events. As in preou$ years, we sold out in-person tickets, and thanks lo a livestream produced in collaboratlon wSth our partner Everywher8+ we were ultimately loln8d by over 300 fundralsers from 18 countries {Belglum. Brazil. Canada, France, Hong Kong, India, Ireland, Italy, Th8 Netherfands. New Zealand, NoNay, Romania, Slovenia, Sweden, Thailand, the UK, th8 USA and UkraSnel. Thls year, we were able to 88cure significant sponsorship income from the event, with long-standing IWITOT partners Astarita Aldrich and Ward (AAW) and founding partner Open Fundraislng joined by Social Sync, Relum Fundralslng, Fundraiser Sarah (Sarah Goddard). Glve as you Llve. the Unlverslty of Kent, the Direciory of Social Change, and Civil Sector Press. Our speakers covered topics across a range of fundraislng dlsclpllnes {corporate fijndraislng. legacy fundraising, dlgital fundralslng, etc.) and we once again featured "new voices" mentored by experienced volunteers. SOFII website- gÈnéral SOFII continually updates the website with new, high-quality content and has added case histories and articles lo the site each month during 2024-25. apart from a 'summer' break in Augusl. This year we Were pleased to have added a number of additional articles offering insights Into donor behaviour and supporter experlence, always popular topics for our audl8nc6. In additlon, our users can learn from Ihe various wdeo presentallons from I Wish I'd Thought of That- which are added to the SOFII YouTube channel. These are also used as the basls to creats CoespOndIng case studles. This year, we were gratefvl to hav8 been gifted the rlght to share ¢ontent from longstanding SOFII supportgr John Lepp's Direct Mail dinics with our readers. The series first 8ppearad on the SOFII site in May 2025, and we've been rolling out additional Glinics throughout 2025-26. SOFII websltè- communlty SOFII'S communlty MaInS vit21 and thriving. We have Continued to Increase the number of subscribers to our email newsletter, and as of the end of the financlal year, we had nearly 11.000 subscrlbers. To help us reach even more fundraisers, SOFII continues to use email and social media to share and signpost the websile's great content. Our communlty Is made up of eager fundralsers, ranglng from veterans to new faces in the sector. Fundraising- the SOFII One Hundred The SOFII One Hundred is 8 Special community of fvndralsers supporting other fundraisers worldwde through their regular gifts to SOFII. Having successfully launched the community in 2022-23, we were pleased to see the community grow, both through the exceptional loyally of our existing supporters and the addStlon of new supporters throughout the year. We are grateful lo each and every individual who chooses to support SOFII. 8e¢tor ¢ollaboratlons Building on the success of our 2023 collaboration, SOFII hosted a second free fundralslng hlstory weblnar In May 2024 In partnershlp with Rogare and the Ch8rtered Institute of Fundralslng ICIOF). Thls year's webinar explored th8 us6 of Images In fundraising throughout tsme, including thè impllcations of Alenerated Imag8S In fundraSslng. The event proved highly popular, with capacity néédlng to be increased Iwice after selling 811 available tickets. The weblnar gave SOFII an opportunity to introduce our fundralslng archive to new audiences, and we were pleased with the response from participants. SOFII'S collaboralion with Legacy Futures on 'The Legacy Showcase,, a collection of short videos where fundraisers share their favourite legacy campaigns and explain why they consider them worthy of admiration by others, too, is ongoing, with a dedicated page on SOFII'S website promoling the legacy videos. Some longer, more detailed case histories have been added to SOFII featuring Ihe videos and campaigns in the showcase. and more videos and case histories will be added in due course.
SOFII FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Finally, as part of our ongolng efforts to grow our audience, SOFII reached out to a number of larger network of fundraisers to Identlfy mutually beneficial opportunities for collaboration. One of these approaches. to NHS Chari116s Together the national federation for charities supporling Ihe NHS has led to a formal collaboration agreement. resulting in SOFII supporting NHS Charltles Together to deliver a bespoke IWITOT event at their national conference in May 2024. Building on the success of this ¢ollabor8tion, SOFII again supported NHS Chariues Together to deliver an IWITOT sesslon at their 2025 conferen. SOFII was also pleased to be invited to deliver another edition of IWITOT al the CIOF Convention in June 2025. Governance review and truslee recrultment Followng our formal governance review in 2023-24. the SOFII trustees decided to fomi a Finance and Resources Committee. as well.. as an Audience Development Committee with a remit lo help SOFII reach more fundr8isers around the wodd. During 2024-25, we recruited a number of fundraisers from around the wodd (Canada. GetTnany. India, Spain, and the UK) who have volunteered lo seNe on the Audien Development Committoe to help us better understand the needs of our audiences and to raise awareness of SOFII. We were also pleased to recrult a number of new trustees to replace longst8ndlng trustees (Craig Linton, Meredith Niles, and Richard Turner) who were due lo retire after elght years of seNlce to SOFII. Our new trustees come from BrazS1, India, Ireland and the Netherlands, and SOFII is now pleased to have a board that Is primarily comprlsed of fundralsers basèd outside of tha UK, raflecting our global ambitions. Following the retirement of trustee Meredith Niles, who had served as SOFII'S Chair since April 2021, SOFII Iruslee Heather Lltlle was elecled SOFII'S new Chair. Durfng 2024-25, our Company Secretary and Honorary Treasurer, David Carrington, announcad hls IntentSon to retire from SOFII. David h8d previously served as a foundlng trustee of SOFII and has committed many years of dedicated servlce to our charity,- his contributions have been Incredibly valuable, and he will be greally mlssed. Following thSs announcement, the SOFII trustees conducted a tender exercAse for an exlemal bookk88per, resulting in the appointment of FinanceBox, and began recruitment for a further new tNstee to serve as Honorary Treasurer. That recruitment resulted in the appointment of Steven Gibson, who officially joined the board in July 2025. The SOFII trustees record their tremendous gratitude to David Carrington for his impact on the charity.
SOFII FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flnanclal revlew As always. SOFII continues to place a high priorlty on bulldlng sustalnable income streams. From new projects to new partnerships and growlng a slable base of regular donors, we have worked hard on our offering and stewardship. Our stewardship has been praSsed by donors and partners alike, SOFII could not provlde any of its widely appreciated resources and seNlces to Ihe voluntary sector worldwide without the generous financial support from many organlsatlons and Indlvldual friends. SOFII'S partners in 2024-25 included Blackbaud, The Chartered Instiluts of Fundraising (CIOF), Open, Agents of Good. and Fundraising Everywhere. The charity also received support from other generous donors and organlsatlons around the world Includlng Astarita, Aldrich and Ward (AAWI, Social Sync, Return Fundraising. Fundraiser Sarah (Sarah Goddard), Glve as you Live, The Unlverslly of.Kent, Daryl Upsall Consulting International. Directory of Sodal Change {DSC), The Management Cenlre, Reinier Fundraising. Roger Lawson (who each year Nns a Christmas quiz donating the proceeds to SOFII), John Lepp, Meredith Niles, David Carrington, Jim Hillborn, Ken Bumett, and more. In 2024-25 SOFII also benefited from kind monthly gifis given by a growing number of individual supporters from around the worfd. Many of these regular supporters joined The SOFII One Hundred thls year, and you can see all our current regular glvers, plus a selection of comments about why they support the charity here: htt s'.Ilsofii.or lartlclollhe-sofl- ne-h ndred-wall-of-reco ni ion The trustees thank all SOFII'S support8rs continued successful operation. thls contlnued. long-tem) support Is 8ss8ntlal to SOFII'S In 2024-25 SOFII'S éxpendlture lotalled £80,613 {2023-24.' £51,103). Ihcome In thè year totalled £74,538 (2023-24: £44,544}, a dofial of £6,075 {2023-24: £6,559). Free reseNes carried forward lo 202&26 lolalled £46,777 (2024-25: £52,852). Although our income during the year was lower than our orfginal budget, trustees were abl6 to carefully manage costs such that our deficit still leaves Ihe charfiy wlth a comfortable level of reserves. Fulure plans SOFII'S users are at th8 heart of our mission, and we wtll remaln committed to contlnually addlng a wide variety of new content - both case studies and artides. We 8re particularly keen to grow our international readership and have mobilised our Audience Developm8nt Committee to h8lp with this objective. W& will do our best to ensure these have results and are evidenced b8sed wherever possible, as w8 know this matters to our read8rs. We are also committed to continuing to make the site 8asiar to navigate. In order to ensure that we can contlnue to develop the site. SOFII will prioritise bulldlng sustalnable Income streams. We will do this by building relationships with new corporate supporters, by contlnuing to grow our SOFII One Hundred regular glvSng communlty, and by building on the success of recent years by growing income from IWITOT, wlth a particular focu8 on increasing sponsorshlp and onllne ticket sales. We have also developed new sponsorshlp packages, enabling SOFII to attract a wider range of corporate sponwrs. Resep4es policy The trustees have examln8d the requiremenl to hold alevel of unrestricted reserves to safeguard the day-to4ay running of the SOFII Foundation and to provid8 undedying financial stablllly to prote¢t ils long-term programme of activities. The charity aims to build ils reseNes to cover a year's worth of expen8e8. Rlsk statement The trustees ha$ assessed the major risks to which Ihe charity is exposed, and are s8ti8fied that systems are in plaGe to mitigate exposure to the major risks. SOFII will be reviewing these systems in 2025-26 to ensure they are up to date and effective.
SOFII FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Indepondent examlner Sudhlr Rawal FCA of Gravits Business Services11 Limited was appoinl8d as Ihe charlty's Independent examiner durfng the year and expressed his willingness to continue in that capacity.
$OFII FOUNDATION STATEMENT OF TRUSTEES. RESPONSIBILifiES FOR THE YEAR ENDED 31 MARCH 2025 Tli8 trustees, wh'o are also tha directors of SOFII FoundalloR for the purp08e of company law, are responsible tor preparlng Ihe Trusteés, Report and the flnanclal statemerrts in accordance wilh appllcable law and Untted Klnydom Accountlng Standard8 (Unlted Kingdom Gen8rallyAcceptsdAccountsng Pracllce). Cothpany Law requlres the tFU#tèbg 1¢ ptspatè financial statemfits for éaoh finallclal yegr wtllch glve é lrtre end f8tr .vlaw of the st'ate of aff4ir8 of th8 charty and of thè incomlng resourc6s and applicatioh Of retsource8, including the 'irtuom& and èxpend'ltur6, Df the oharltable compamy for thatyear. ID. prop.8Jng th&8e nandal8tattymgDts, thetFiJsfy.e&•r8 raquir8dto:_ . aére¢t 8tsltabl& awbjnting polides and then apply tkn consistently., - obseNe Ihe methods and principle5 in tha Charities SORP" - nLake Judggments and estimates that are reasonable and pwdent" and prepare the financial statements on the goiNg concern basis unless it Is ihappmpriate to presum8 that ohsrlty .witt continug in.opBration. The Iru8te8s are rèspon$lblÉ for keeping ad8Atsata aG¢èilnttng records that di5Glo5e with reasonallle accuracy at any time the financial posilton of tho charity and enable tham to ensure that the financial statemgnts comply wilh the Qompanle5 Act 2006. They are also resp.on8lbl& for 58feguardlng the assets of the charlty and hence for taklng rdagonable step8 for the prevention and det8cttqn of fraud and other irvegu.larities. .ordèr.ol..fhè BOat*l ofTrustea8 Hèather Litlle-.
SOFII FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOFII FOUNDATION I report to the trustees on my examination of the financial statements of SOFII Foundation (the charily) for the year ended 31 March 2025. Responslbllltles and bas18 of report As the trnslees of the charity (and also its directors for the purposes of company law), you are responslble for the preparation of Ihe fin8nci81 statements in accordance with the requirements of the Companies Act 2006. Havlng satlsfied mysalf that the financial stalemenls of the charlty are not required to bé audlted under Part 16 of the Companies Act 2006 and ara eligible for Independenl examlnalion. I report in respect of my examinalion of the charity's financial slalements carried out under section 145 of Ihe Charities Act 2011. In carrying out my 6xamlnatSon I h2V8 followed the Directions given by the Charity Commission under section 145(5)Ib) of the Charflles Act 2011. Independent examinetrs statement I have completed my examination. I confirm that no mall&rs have come to my attention in connection with the 8xamlnalion giving me cause to believe Ihal in any material r8SP8Ct: accounting records wore not kept in respect of Ihe charity as required by section 386 of the Companies Act 2006. the financtal statements do not accord wilh those records. or the financial 8lat8ments do not comply wilh the accounling requirements of sèction 396 of the Companies Act 2006 other than any requirement thal the financial statements give a knJ8 and fair view. which 18 not a matter considered 88 part of an independent examination. or the financial Statements have not been prepared in accordance with the methods and prtnciples of the ststement of Recommended Practlce for accounting 2nd reporting by charilies appllcable to charities preparing their financial statements In accordance with the Financial Reportlng Stsndard applicable in the UK and Republic of Ireland {FRS 1021. I have no concems and have come across no other matters in connection with the ex8min8tion to which attention should b8 drawn in thls report in order to enable a proper understandlng of the flnancial statements to be reached. gi li? Sudhir Rawal FCA For and on behalf of Gravlts Business Servlces11 Limited Chartered Accountants 2 Leman Street London United Kingdom E1W 9US Dated: 7 October 2025
SOFII FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Incomlng resources from gènorated funds Donations and sponsorshlps Investment income Currency translation differances 74.131 413 {6) 44,274 271 {11 Total Incomlng resourc88 74,538 44,544 Resources expended Costs of generating income Charitable activities 34,249 46,364 25,264 25,839 Total resourcgs expended 80,613 51,103 Net exponditure for the yearl Net movement In funds (6,075) (6,5591 Fund balances 8t 1 April 2024 52,852 59.411 Fund balances at 31 March 2025 46,777 52,852 The statement of financial actlvitl8s also complies with the requirements for an incom6 and expendllure account under the Companles Act 2006. 10
SOFII FOUNDATION BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note5 Current assets Cash at bank and In hand 47,917 53,992 Credltorys: amounts falllng due wlthln onè year {1,140) (1,140) Totsl assets1•88 current Ilabllltle$ 46.777 52,852 Income funds Unfestricted funds 46,777 52,852 The company is entitled to the exemption from the audit requirement Gontained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The directors acknedg0 their responsibilitles for complying with the requlrements of the Companies Act 2006 with respèct to accounting r8cords and the preparation of financial statements. These financial statements have been prepared in accordan¢e wlth the provl8ions 8ppll¢able to companies subject to the small companles reglrne. The flnanclal statements were approved by the Trustees on .. 7 October 2025 Heather Little Trustse Company Reglstrdtlon No. 06532074
SOFII FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charlty information SOFII Foundation is a company limited by guarantee incorporated Sn England and Wales. The ragist6red office is 19 Chelsea Park Gardens, London, England, SW3 6AF. 1.1 Accountlng eonventlon The financial statements have b8en prepared In accordance wlth the charlV8 govemlng document, the Companies Act 2006 and "Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts In accordance with Ihe Financi81 Reportlng Standard applicable in Ihe UK and Republic of Ireland (FRS 102)" {as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The charity has lakon advantage of the provisions in Ihe SORP for charities applying FRS 102 Update Bullotln 1 nol to prepare a Statement of C8sh Flows. The flnancial statements are prepared in sterling, which is the functional currency of the charity. Monetsry amounts in these financial statements ar8 rounded lo the nearest £. The financtal stalemenls have been prepared under the historical cost wnvention. The principal acGounting polScles adopled are set out below. 1.2 Charitablè funds Unrestrictèd funds are avallable for u88 at the discratlon of the bStee$ in furtherance of Ihelr charitable objectives. 1.3 Incomlng resources Income is recognised on a receivable basis, in a¢cordance with the provisions of Slatement of Recognised Practice- Accounting and Reportlng by Charities. 1.4 Resources expended Resources expended are included in the Statements of Financial on an accruals basis, inclusive of any VAT which cannol be recovered. Charitable donalions comprise payments made to other charities in furtherance of the objects of this charfty- Expenditur6 which is dlrectly attributable to specific activities has been included in support costs. 1.5 Cash and cash equlvalents Cash and cash equivalents Include cash In hand, deposits held at call wtth banks, other short-lerm liquid Investments with oiiginal m8turftles of three months or less, and bank overdrafts. Bank overdrafts are shown Ihin borrowings in CuentI1abI1It1e$. Baslc financial assets Basic finanaal assets, which include debtors and cash and bank balances, are initially measured at transaction pric6 Including transadion costs and are subsequently carried at amortlsed cost uslng the effectlve interest method unles5 Ihe arrangement constitutes a financing transaction, where the transaction is measurad at tho present value of the future recelpts discounted at a market rate of intar8St. Flnanclal assets classified as recelvable within one year are not amortlsed. 12-
SOFII FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (Contlnuedl Baslc fln8nc181118bllltles Basic financial liabilities, including crédltors and bank loans are initially recognised at transacllon price unless the arrangement constitutes a financlng Iransaclion, where the debt instrument Is measured al the present value of the future payments discounted at a market rate of interest. Financial liabilitles classified as payable within one year are not amortised. Debt in8lrum8nts are subsequently carrfed at amortlsed cosl, using the effectlve Interest rale method. Trade creditors are obligatlons to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trdde creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest malhod. Derecognltion of flnancial liabilltles Financial liabilities are derecognlsèd when the charity's contractual obligations explre or are discharged or canc£lled. Employees The average monthly number of employees during the year was: 2025 Number 2024 Numbèr Total Donations and sponsorshlps 2025 2024 Donatlons Sponsorships 69,310 4,821 41,523 2.751 74,131 44,274 Inve8tm8nt Income 2025 2024 Interest ra¢8ivable 413 271 13-
SOFII FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Costs of gengratlng Income 2025 2024 StagSng fundralslng events Support Gosls (see nots 8) 24,634 9,615 18,203 7,061 34,249 25,264 Charitable actlvitles 2025 2024 Mainlaining and developing SOFII website IWITOT 18,501 26,663 24.639 45,164 1,200 24,639 1,200 Govemance costs (see note 8) 46,364 25,839 Nel movement in funds 2025 2024 The net movement in funds is stated after chargingllcrediting): Fees payable for the ind6pendenl examinatlon of the chadty's flnanclal statements 1,140 1.080 Support costs Support Governance costs costs 2025 2024 Mlscellan6ous and offlce expenses Independent examlner remuneration 9,615 9,615 1,140 7,082 1,080 1,140 9,615 1,140 10,755 8.162 Analysed belwoen.. Costs of generating income Charitable adiviti&s 9,615 9,615 1,200 7.061 1,200 1,200 9,615 1,200 10,815 8.261 14-
SOFII FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Trustees None of the truslees received any remuneration or b6neflts from the charity during the year. 10 Taxatlon SOFII Foundation is a registered charity and therefore Is not liable to income tax or corporation tax on income derlved from its charitable activlties. as It falls wllhln the various exemptions avallabl8 to reglstered charflles. 11 Credltors: amounts falling due wlthln ono year 2025 2024 AGGrual8 and deferred income 1.140 1,140 15-