Company reglstration number: 07577023 Charity registratKbn number.. 1142846 SDSA FOUNDATION TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Holden and Co
SDSA Foundatio Contents Paye Tru5tees' Report Independent ExamIne5 Report Statement of Flnanclal Actlvltles Ilncludlng Income and E%penditure Atcounti Comp8r8tlve Stètement of Flnancial Athvlties (including Income and ExpendIw Account) Balance Sheet Notes to the Flnanclal Ststetnents 7-10
SDSA Foundatlon Company No. 07577023 Trustees. Report For The Year Ended 31 March 2025 The trustees present thèir report and the financlal statements for the year ended 31 March 2025. Objectlves and Actlvltles Aims and Objéctlves The Objective of SDSA Foundation Is the advancement of education and wellbelng of chlldren and young people. ThÈ orgènlsation alms to achSeve Its oblectlves through a varSety of activltie5 whlth include both developing those that work with children. young people and famllles and sUPPOrting them rnore directly. Signifitant Attlvltltss The key oblectlves for the year were to contlnue to work wlth young people through the Pathway5 lo Educatlon programme, a mentorlng SUPPOrt pro9ramme almed at ralslng the arnbitlons Bnd rernovlng the baTrlers to education of tar9eted Students. Thls work has expanded over the course of the year and is Showing a real Impact on the outcomes of the young people involved. Publlc Benellt The èlms of the charlty Is the advancerDent and wellbelng and education of young people and In choosSng the projects for the adVanMeTht the trustees have referred to the guldance In the Charlty Commlsslon's general guldaDce on publi¢ beneflt. The trustees conflrrn that they have cornplied with the requirements of Settlon 17 of the Charltles Act 2011 to have due regard to the Charity Cotnmission'5 guidance on publlc beneflt. Reference and Admlnlstratlve Details Tru$te¢ K B Lacey A E Lar5e S L Maltby {èppolnted 02109120241 G H Patel A Merrills J E Ridgewell S I While N P Foster lappolnted 31110120241 A J Owen5 (appointed 3111012024} Company seetary M G Lèmbell Charlty Number 1142846 Company Number 07577023 Reglstered Ofllce Alliance House 6 Blshop Street Leicester LEI 6AF Indépéndènt Examlner R Holden FCA 13-IS Church street Oldbury B694D Page L
SDSA Foundatlon Trustees. Report (continued) For The Year Ended 31 March 2025 Small Company Rules Thls report has been prepared In accordantr wlth the 5peclal prov151on5 rèlatlng to compan*5 subJect to the srnall companles regltne wlthln rE 15 of the CompanSes Act 2006. The trustees, port was approved by the board of trustees and slgned on Its behalf by.. S J White Trustee Date Page 2
SDSA Foundatlon Independent Examlner's Report to the Trustees of SDSA Foundation For The Year Ended 31 March 2025 I report to the charity trustees on my examlnatlon of the accounts of the Company for the year ended 31 March 2025. Responslbllltles and BHsls of Report As thè charlty trustees ef the Cornpany land 81s0 Its dlrectors for the purposes of company tswl, you are responslble for the preparatlon of the account5 in accordance with the requlrements or the Companie5 Act 2006 I-the 2006 Act"). Havlng satlsfied myself that the account5 of the Company are not requlred to be audlted under Part 16 of the 2006 Act and are ellglble for independent examlnaiion. I report In respect of my examlnatlon of your charlty's accounts as carried out undÈr sectlon 145 of the Charitles Act 20111.the 2011 Act'l. In carrying out rny exa[nIatIOn I have followed the Direction5 given by the Charlly Commlsslon under sectlon 145151 Ibl of the 2011 Act. Independent Ex•miner's Statement I have completed my exarninatlon. I Confirm that no matters have come to my attentlon In connectlon wlth the exarnlnatlon glving me cause to believe.. l. accounting records were not kept In respett of the Company as requlred by sectlon 386 of the 2006 Act: or 2. the accounts do not accord wlth those records,. or 3. the accounts do nor comply wlth the accountlng requlrements of sectlon 396 of the 2006 Art other thèn any requlrement that the accounts glve a 'trve and falr vlew. whlch Is not a matter consldered a5 part of an Independent examlnation., or 4. the accounts have not been prepared In accordance wSth the Tnethods and prlnclples of the Statement of Recommended Pracllce for accountlng ano reportlng by charit5 applicable to charitles preparlng thesr 4ccount5 in cordance wlth the FlnancSal ReportSng Standard applicable In the UK and Republlc of Ire14nd IFRS 1021. have no conrn5 and have come across no other rnatters In connecuon wlth the exèmlnation to whlch attention should be drdwn In thls report In order to enable a proper understanding of the accounts to be reached. R Holden FCA Date 13-15 Church Street Oldbury B69 4DH Page 3
SDSA Foundatlon statement of Financlal Actlvltles (including Income and Expenditure Account) For The Year Ended 31 March 2025 2025 2024 Unre5trltked Restrlcted funds funds Yotal fund& Total fund6 Notes INCOME AND ENDOWMENTS FROM: Donatlons and legacies Charitsble attlvities: Prolett Fundln9 Other Income Investments 3.102 8,882 8,882 11,5th) L,921 19,527 19,527 Jg,528 8,882 28,410 16,523 EXPENDITURE ON: Charltable actlvitles.. Consult8nc¥ Mistellèneous 14,1421 12341 (2,4001 12341 12.4001 12,4(X)I 16,0001 112,6281 13811 13391 {2,0361 Aeeountancv Management charges Equlpment and IT servlces other 16,0001 13811 12391 iiooi 13,2541 16,1001 19,3541 121,2061 NET INCOMEI(EXPENDZTURE) 16.274 2,782 19,056 14,6831 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward 16.274 2,782 19,056 14,6831 633.683 ?7,5?7 711.260 715,943 TOTAL FUNDS CARRIED FORWARO li 649,957 80,359 730,316 711,260 The notes on pages 7 to 10 form part of these flnanclal statements. Page 4
SDSA Foundatlon Comparative Statement of Financial Activitres (including Income and Expenditure Account) For The Year Ended 31 March 2025 2024 Unrestrlct•d Rostrlcted fund5 funds Tot41 funds Notes INCOME AND ENDOWMENTS FRQM: Donations and legaaes Charitable artivitie5-. Other incotDe Inve5trnents 3,102 3,102 11,500 11.500 1.921 1,921 1,921 14,602 16,523 EXPENDITURE ON.. Charltable act5vltles'. Consultancy Accountancy Managernent char9es other 13,77Ql 12,4001 13721 14,1421 12,4001 112.6281 112.6281 12.0361 12,0361 18,2061 113,DOOI 121,2061 NET EXPENDITURE 16,2851 1,602 14,6831 NEf MOVEMENT IN FiINDS RECONCILIATEON OF FUNDS: 16,2851 1,602 {4,6831 Total funds bmught foiward 639,968 75,975 715,943 TOTAL FUNDS CARRIED FORWARD 633,683 77.577 711,260 The notes on page5 7 to 10 forffl part of these flnantial statements. Page 5
SDSA Foundation Balance Sheet As At 31 March 2025 2025 2024 Unre5trlcted Restrlcted funds funds Total funds Total funds Notes CURRENT ASSETS Debtors Cash at bank and in hand ioi 700,513 575,867 133,591 709,458 575,867 133,591 709.458 700,614 Creditors: Amounts Falllng Due Wlthln One Year io 74.090 153,2321 20,858 LO.646 NET CURRENT ASSETS {LXABILZTIES) 649,957 80,359 730.316 711,260 TOTAL ASSEfs LESS CURRENT LIABILITIES 649,957 80.359 730,316 711,260 NET ASSETS 649,957 80,359 730,316 711,260 FUNDS OF THE CHARITY Restricted Funds Unrestricted Funds 80,359 77,577 649,957 633,683 TOTAL FUNDS 730.316 711,260 For the year endSng 31 March 2025 the charitable tompany was entitled to exemptlon frorn audit under section 477 of the Companles Act 2006 reloting to small ctrmpanles. The members have not required the charitable company to obtaln an audlt Sn accordance with sectlon 476 of the Companles Act 2006. The trustee5 acknowledge thelr responslb1lltS for complylng wlth the requlrernent5 of the Acl wlth respect to accountlng records and the preparotlon of attounts. These accounts have been prepared in accordance wlth the provisions applicable to companies subject to the small cornpanles regime. On behalf of the board S J Whlte Trustee Date The notes on pages 7 to LO form part of these flnanclal statements. Page 6
SDSA Foundatlon Notes to the Financial Statements For The Year Ended 31 March 2025 l. General Inforniatlon SDSA Foundatlon Is a company lirnited by guarantee, Incorporated in England & Wales, registerèd #umber 07577023 and repistered charity number 1142846. The reglstered Offi 15 Alliance House, 6 Btshop Street. Lelcester, LEI OAF. 2. Accountlng Pollcl05 2. 1. Bagls of Preparatlon of FlnJn¢iJl Statements The financlal statements have been prepared In accordance wlth tha char1t1 SORP IFRS 1021 'Attountlng and Reportlng by Charltle5.' Statement of Recommended Practlce appllcable to charltle5 preparing thelr accounts In accordance wlth the Financial Reportlng Standard applicable in the UK and Republic OF Ireland IFRS 1021 (effective I January 20191 Flnanclal Reportlng Standard 102 The Financial Reportlng Standard applicable in the UK and Republlc of Ireland and the Cornpanle5 Act 2006. The Charitèble company Is a Public Benefit Entity a5 deflned by FRS 102. 2.2. Incomlng Resources All income is recwni5ed in the Statement of Financial Actiwties once the ¢harity has entitlement to the funds, It Is probable that the Income wlll be rettived, and the amount can be measured rellably. 2.3. liesource5 Expended Llabllitles are recognised as expenditure as soon as there is a legal or constructive obligatlon committing the charity to that expenditure, It Is probable that a transfer of economlc benefit5 will be rÈquired In settlement. and the atnount of the obligation can be measured rellably. Expenditure is actountÈd for on an accruals basis and ha5 b@@n tlasslfler5 under headings that aggregate all c05t related to the category. Where costs cannot be dlrettly attrlbuted to partlcular headings, they have been allocated to artivlties on a basi5 consistent with the use of resources, 2.4. Cash and Cash Equivalents Cash and cash eqUiVantS are basic flnanclal assets and Include cash In hand and deposlts held at call wlth banks, other short-term highty liquid investments that mature in no more than three months from the date of acquIsIon and are readlly tonvertlble to a known amount of cash wlth Inslonificanr rlsk of change In value, and bank overdrafts. 3. Income from Donatlon$ Hnd Legacles 2025 2024 Restrlcted Restrlcted funds funds Donatlons and 9Sfts 3,102 4. Investment Income 2025 2024 Unrgstrlcted Unrestrlcted funds funds Bank Interest retrlvablé 19.527 1,921 Page 7
SDSA Foundatlon Note$ to the Financial Statements (contlnued) For The Year Ended 31 March 2025 5. Anolysl$ of E>tpendlture 2025 Actlvltles undertoken dlrectly support costs (see note 61 Total Mlscellaneous Accountancy Managetnent charges Equlprnent afid IT sÈrvlces Other 234 234 2,400 2,400 6.000 381 6.000 381 79 260 339 6,460 2,894 9,354 2024 Actlvltle6 undertaken dlrectlv Support Costs (see note 61 Totsl Consultancy Atcountancy Management charges other 4,142 4,142 2,400 12,628 2,036 2,4tJ) 12,628 2.036 16,770 4,436 21,206 6. Support Costs 2025 Miscellaneous Accountancv Other Total Geoeral adwlnlstratlon Interest payable 234 2,400 loo 160 2,734 16D 234 2,400 260 2,894 2024 Accountancy other Total General admlnlstratlon Interest payable 2.400 1,795 241 4,195 241 2,400 2.036 4,436 7. Independent Examlnèr's Remuneratlon 2025 2024 Independent examlnatlon of thÈ flnanclal statement5 2,400 2.400 8. Average Number of Ernployt*$ Average nurnber of employees durlng rhe year was: NIL12024.' NIL) Page 8
SDSA Foundation Notes to the Financial Statements {continued) For The Year Ended 31 March 2025 9. Debtors 2025 2024 Due wlthin one year other debtor5 ioi IQ. Credltors: Amounts Falllng Due Wlthln One Year 2025 2024 Trade cpditors other cEtItorS 120,8581 3,792 114,4381 120,8581 ILO,6461 11. Mov¥ment In Funds A$ tyt l Aprll 2024 A$at31 Expendltur¢ March 2025 Income Unrestrlcted funds General.. General unrestrfctÈd fund Deslgnated.. Advent Fundralser LCST Funds 626,641 19.528 13,1751 642,994 171 1791 92 6,871 6,871 7,042 179) 6.963 Total unrestricted furbds 633,683 19.528 13,2541 649,957 R¢Strl¢t¢d funds Broadband Ald Pathways Thomas Estley Pathways to Education {b'Leys1 Washing Machlne Ald Yule Never Walk Alone Other Grants Communlty Foundèuon 664 664 3,910 12,4941 L,757 14351 9.756 67,201 3,910 12,4941 1,757 14351 9,756 64,419 8,882 16,1001 Total restrlcted funds 77,577 8,882 16,IlX)I 80,359 Total funds 711,260 28,41D 19,354 J 730,316 As at l Aprll 2023 Asat31 Expendlture Narch 2024 Income Unrestrlcted funds General.. General unrestrlcted fund DeSnated., 631,166 1,921 16,4461 626,641 .CONTINUED Page 9
SDSA Foundatlon Notes to the Financial Statements (contlnued) For The Year Ended 31 March 2025 Advent Fundralser LCST Fund5 1.931 6.871 11,7601 171 6.871 8.802 11,7601 7,042 Total unre8trlcted fund5 639,968 1,921 18,2061 633,683 Re8trlcted funds roadband Aid Pathways Thotnas Estley Pathways to Education IB'Leysl Wa5hlng Machlne Ald Yule Never Walk Alone other Grants Communlty Foundation 664 664 3,910 12,4941 2,129 14351 10.883 61.318 3.910 12.4941 1,757 14351 9,755 64,420 13721 11.500 3.102 112,6281 Total restrlct•d fund$ 75,975 14,602 113,000) 77,577 Total funds 715,943 16,523 121,2061 711,260 12. Transattions wlth Trustee8 During the year the expenses relmbursed to the trustee5 or pald dlrectly to thlré partles were as follows.. 2025 2024 13. Related Party Dlsc105ur¢s 14. Company Ilmlted by guarantee The company Is limlted by guarantee and has no share c6pltal. Every fflember of the company undertakes to contribute to the a55ets of the company, In the event of a wlndlng Upi such an amount as may be reoulred not exceeding £1. P69e 10