Registgred number: 14055256 Charlty number: 1205708 SANJAY MORTIMER FOUNDATION (A Company Llmited by Guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
SANJAY MORTIMER FOUNDATION IA Company Llmlted by Guarantee) CONTENTS Page Rgf•r•nco and Admlnlstratlva 0otall• of the Charlty, tts Tru¥tg08 and Advl¥er• Trust•es' Report Independent Examln•rf8 R•port Statement of Flnanclal Actlvltle• 10 Balance Sh••t 12-13 NotOJ to tho Financlal 8tat•m•nt8 14-25
SANJAY MORTIMER FOUNDATION IA Company Llrnlted by Guaranlee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 APRIL 2025 Tru•te•s Mr David Jonathan Lamb lappoinled 20 April 20221 Mr Nelll Macklin lappointed 12 April 20231 Ms Jhenna Rachel Mortimer (appointed 14 February 20241 Mr Jason Donal Le$sard lappointed 14 F8bnJary 20241 Mr Liam David Wheeler lappoinled 24 April 20241 Mr Phillp Edward Nelson lappoinled 12 Aprfl 2023, resigned 16 May 20241 Mr John Parry18ppoinled 30 April 20251 Company r•gl8t•r•d numb•r 14055258 Charlty rngl•tsrnd numb•r 1205708 R•gl¥t•r•d offlc• 82 Wand$worth Bridge Road London SW6 2TF Chl•f •x•cutlv• offlcer Ms Teula 8rad9haw Ind•pond•nt Exarnln•r Allan W Mckelvle FCA Mckelvle & Co. LLP 82 Wand$worth Brfdge Road London SW6 2TF Pa98 1
SANJAY MORTIMER FOUNDATION IA Company Llmlt¢d by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2025 The Trustees present their annual report together with the financial slatemonls of the Charity for the 1 May 2024 10 30 April 2025. The Annual Report serv05 the purposès of both a Trustees. report and a directors, report under company law. The Tiuslees conflmi that the Annual Report and financial slal8ments of the chariiable company CoMY with the current slalulory reouirements. the requirements of th8 charitable companrfs governing document and the provisSons of the Statement of Rgcommended Pr8cIic8 ISORPI applicable lo chanti88 preparing their accounts in accordance with th6 Fin8n¢ial Reporting Standard applicable In the UK and Republic of Ireland IFRS102I leffeclive 1 January 20191. SlnGe tho Charity qualifies as gmall under Section 382 of the Companies Act 2006, the Strategic Raport raquired of medium and large companies under the Companies Act 2006 Isiraleglc Report and Olrectors, Reportl Regulations 2013 has been omitted. ObJ•ctlv•8 and •¢tlvltl•s Pollcl•• and obJeGtIv•s Founded In Aprfl 2022, the Sanjay Mortlmer Foundation was eslabll$h8d by E3D-Onllne Llmited IE3DI founders, David Lamb and Joshua RoeY, after the death of their dear friend and co-founder S8ni8y Mortimar. Sanjay W8S 8 neurodlverse trailblazer and Innovalor within the Enginaerfng and 3D Prlnling sp$Ge. The foundation recognise5 that neurodlvergenl mind5 can think creatively, they can be analytical. highly focused, exce118nl problem solvers. have high attenllon lo detail, and think oulside the box. Howevfjr. they may struggle al school and universily where rigid ¢urrlculums and slandardised envlronmenls prevail. Such environments can pose challenge8 for neurodlverse Indivlduals and result In 8ludenl8 becomlng dlscouraged and dl$lnterested Sn leamlng. The charlty's focus Is on flnding these IndlvidLtals. $upportlng them withln a sublecl they are passionate about Islrenglh.b8sed learnlngl and hence building their confidence & ernpowerlng them 80 that Ihoy can go one 10 impact their chosgn industry and define ils evolullon, just like Sanjay... Paga 2
SANJAY MORTIMER FOUNDATION (A Company Llmlted by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Objectives and actlvltles {continued) Charlty Objects: The advancernenl for the public benefit of education in tho STEM subjects <Ience. technology, engineering and mathematics} among individuals up to the age of 25 who are neurodivergenl, through the provision of specialist advice and support in relation to neurodiversity and the STEM subjeGls, the better to prepare such individuals for the practice of the STEM subjects. For the purposes of the above.. "neurodiversity. refers to the natural variation in neurodevelopment across all individuals, the diversity of all brain5 and minds., "neurodivergent" describes a person whose neurodevelopment falls outside of the 'typical' range, induding but not limited lo neufodevelopmental differences such as autism. attention deficit hyperactivity disorder, dy31exia, dy8Pfaxia and Tourette's syndrome. Mlsslon: 'To help those with neurodivefse minds recognise their strengths and talents through engineering and making" Yoar 1 ObJoctlve8: Our three strategic objectlves for the Pefiod 1st May 2024- 30th April 2025 were: Increase the number of SMF Stsrs il has supported Build additional 5tTategic relationships with Collaborators and Partners Posiuon the Sanjay Mortlmer RepRap Festiv81 ISMRRFI as the leading 3D printing RepRap In the UK. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit. including the guidance 'Public benefit.. running charity {PB2}'. b. Strato9508 & Actlvttles undertakgn lor achlevlng obJgctlv•8 Oblodlve 1: Increase Ihe number of SMF Stars This year, we sel an unknown target to support 9 SMF Stars. We're proud lo share that we more than doubled that goal - supporting 20 exception81 young people through our programme. These stars have come from all parts of the country, with a wide range of neurodivergent dlagnosis and from range of minority communities. Each of these Stars has received tailored support lo help them thrive in STEM, whether through mentoring, funding, equipment, or leaming opportunities. In lotsl, we invosled over £48,000 direcuy into supporting our stars. Of this, £18K came from the generosty of our supporters and donors - highlighting the incredible community rallwng behind our mission. We'r6 proud to have achieved a charitable expenditure rate of 65% - an exceptional benchmark for a neY established organisatson. This demonstrates our deep commitment to ensuring donations go where theyre needed most.. directly lo the young people we serve. Tostlmonlal: .1 just Wanted to reach out to let you know the enomious imp8cI that your 5UPPOrt for Ralph has had already. For the first lime in months he is engaged, up and logging in lo sessions without any prompting and we are seeing glimmers of the boy he was coming through again in lots of aspects of life. Ralph even used camera and mie in his very first 1.1 session, which would have seemed completely impossible lo us even a week ago. l just wanted to make Sure you knew the huge difference you have made, even just in a fortnighll W8 are all Pag8 3
SANJAY MORTIMER FOUNDATION {A Company Llmlted by Guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 30 APRIL 2025 Objectlves and actlvitles {contlnuedl feeling so much more positive. Best wishes. Holl Objoctlve 2: Bulld Strategic Relationshlps 8uilding strong, values-aligned partnerships has been a comerstone of the SMF'S success this year. These collaborations have not only helped establish the foundation's presence in the STEM and 3D printing communilies bul have also provided significant financial, in-kind. and strategic support. FlnaTr¢lal & Product-Based Partnershlps We're thrilled to have formed impactful partnerships wilh E3D, Bambu Lab, and Diamondback, who generously committed a percentage of revenue from a collaborative product line-raising an incredible £47.000 for the Foundation. In addition. Voron Deson donated a limited*dilion 3D prinlgr which was 8UCtioned off. generating £12.000. AI SMRRF, Prus8 and Diamondback a150 stepped up as headline sponsors, contributing a further £15,000 in sponsorship. In-Klnd and Communlty-Led Support We've also benefited from an incredible wave of In-kIr support from our growing nehvork. speal thanks go lo Brendon Builds, Bambu Lab, Prusa. Solid SolLtlions, E3D, Ask4Support, Gaia Learning, and Voron Design for their contributions - ranging fr9rn 50flware and kit donations to services and leamlng support and contributing a total of £24,000. Ngw Strateglc Partners Looking lo the future, we aTr dellghled to have secured several new strategic partnerships that align closely with our mission.. Ultra Educatson life chances. Gaia Leaming - Providing tailored online education for neurodiverse leamers struggling in mainstream school environm8nls. STEM Vturi confidence. These partnerships will expand tha reach and impact of our work. and we look foNard to collaborating closoly with them In the eoming year. Empowering disadvantaged young people to become entrepreneurs and create better Delivering hands-on STEM workshops within SEN schools to ignite curiosity and Mentorshlp Network We also began lang the groundwork for our SMF mentor netsvork. While still in its eady stages, we've already connected a number of Stars with mentors tsilored to their interests and needs. Expanding and formalising this Treork will be a key focus in the year ahead. Together, these relationships are helping us build a strong, sustsinable ecosystem around the SMF starnd S8tting the stage for even greater impact in the years lo come. ObJectlv8 3: Host Successful fundraSslng evont ISMRRF) Now In its second year, SMRRF 202hOld in Manchester this December-was another resounding success. both in terms of impact and fundraising. Despite facing challenges including stormy weather. the event drew an impressive 1,000 attendees and exceeded all financial expeclabons. Kay Outcomes £96.000 generated through SaleIncIdIng exhibition space, merchandise, raffles, and the SMRRF Quiz Show lup from £67,000 in 20241 Costs reduced by £5,000 compared to the previous year, thanks to improved efficiency and competitive venu8 rates. Those figures not only reflect excellent financial stewardship but also growing community engagement and belief Page 4
SANJAY MORTIMER FOUNDATION IA Company LSmlt•d by Guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 30 APRIL 2025 Oblo¢tlv•8 and aGtlvltlo5 IN)ntlnuedl In our mission. SMRRF continues to build ils reputation as a hlghlight in the calendar for the 3D printing and makar communities. Publlc Bengflt The main aGlivities that were undertaken during this FY lo further the SMF'S purpose for public benefit were.. Supporting NeuTodiv8rse makers Providing funding and or resources lo neurodiverse individuals passionate about STEM, lo help them thrive in educats'on and indLtslry. Raising Awareness of rbeurodiversity and how with the right Support, neurodlverse indlviduals can be an asset lo an organisallon. Promoting indusivlty lo educational in8tlluons and employers by hlghlightlng tho positive impact Ouf 8UPPOrt can havg on neurodiverse talent. Provldlng n8tsvorking opportunitles lo our SMF S8rs al our major fundraising 8v8nl, SMRRF, including confidence-boosting stage presenlatlons, and the OPF)Ortunity to connect with mentors, industry leaders, and peers. Events and Exhibitions.. Participating in and organizing rnaker fairs, such as Maker Organising SMRRF (Sanjay Mortimer RepRap Fesllvall lo raise funds and awareness for the foundation's mission. Collaborations with Industry Leaders by lev8r8ging p8rtner8hips wllh companSes in the 3D prlntlng and maker community lo secure sponsorships and resources. Forming Collaborations with schools and education provider¥ lo identify and 8UPPOrt neurodlverse students with an inl6resl in STEM subjects. Mainlainlng an active online Pfesence lo sharo $u¢ces8 8tori8$, promote Inlllallves, and connect wlth a global audience. Promoting Innov8llon.' CelebTatlng th8 ¢ontdbullons of neurodlverse Innovators lo the 30 prfntlng and maker communitles 81 SMRRF. a Trumber of whom were Inspired by Sanjay Mortlmer's work. Partnering wllh relevant Industry lo dallver an award In Sanjays name to recogn18e oul8tandlng achievements by neurodlverse makers. Page 5
SANJAY MORTIMER FOUNDATION IA Company Llmlted by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 APRIL 2025 Objèctlvos and actlvlties {contlnued) c. Maln a¢tivltles undertaken to further the Chafity's purposes for tho publ1¢ beneflt The main activities that wore undertaken during FY25 to furthèr the Sanjay Mortimer Foundation's purpose for public benefit were: Supporting Neurodiverse makers Providing funding and or resources to neurodiverse individuals passionate aboul STEM, lo help them Ihfive in education and industry. Raislng Awareness of neurodiversity and how with the right support, neurodiverse individuals can be an asset lo an organisation. Promoting inclusivity lo educational in5ti1utions and employers by highlighting the positive impact our support can have on neurodiverse talent. Providing netr4ot1(ing opportunities to our SMF Sars at our major fundraising event. SMRRF, induding confidence-boosting slage presentations, and the opportunity to connect with mentors. industry leaders, and peers. Organising SMRRF (Sanjay Mortimer RepR8p Festival) to raise fvnds and awareness for the foundation's mission. Collaborations with Industry leaders by leveraging partnerships with companies in the 3D printin9 and maker community lo secure sponsorships and resources. Forming Collaborations with schools lo identify and support neurodiverse students with an interest in STEM subjects. Maintaining an active online presence lo share success stories. promote initiatives. and connect with global audience. Promoting Innovation.. Cekbrating the contrfbutions of neurodlverse innovators to the 3D printing an(J maker communities at SMRRF, 8 number of whom were inspired by Sanjay Mortimer's work. Partnering with relevant industry lo deliver an award in Sanjays name lo recognise outstanding athievements by neurodiverse makers. Achlevomonts and p•rtorniance a. Maln achlevemonts of the Charlty Iln year 2. our main achievements were mor8 than doubling the number of beneficiaries we planned to help whilst cementing SMRRF as the UK'S leading 3D printing festival.. not only a major fundraising platform for the charity, bul a vital networking hub for SMF Stsrs and 8 central force driving STEM and 3D printing innovation, dèvelopment and educ8tion. a. Golng concorn Havln9 reviewed th8 finances, the Trustees have a reasonable expectation Ihal the Company has adequate resources lo continue in operational existence for the foreseeable fijluro. For this reason. they continue to adopt the going concem basis in preparing the financial stalemenls. Paga 6
SANJAY MORTIMER FOUNDATION {A Company Llmlt•d by Guarantoel TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 APRIL 2025 b. Roser¥os pollcy 6 months of operating costs are hèld to ensure that there remains enough Iv4uidity lo pay our ¥laff and suppliers during times when cash flow fluctuates, lo miligale the fin8nclal risks we face, lo cover possible shortf811s in budg8led income. and lo ensure Ih81 we can meet our planned spending commitments during Ihe yoars ahead. Operating profit for the charity at th8 end of the year were £19.933 12024: £49,741) with £144,611 {2024'. £124,678) in reserves. Based on budget 25126, £SOK will be restricted under the reseNes policy. c. Flnanclal rl•l( managernent obJ?ctlv•• and pollcl•s Ri5k8 were Idenllfied In Ap1 2025 and will be reviewed in tho April 2026 Board Mgeting. Some 8xample$ of hlgh-level risks indud6'. Fln8nclal Rlsk¥ induding lunding Instability, fluctuatsons In Income, loss of a $ub$18ntSal partner or donor, cost of living elc. Operatsonal Risk8 including issue8 in finding benefi¢i8ri8s. building P8rtnershlps, staffing Issues etc. Dependency on Key indivlduals and ils impact on oper81ion81 Success. Govemance Risks including conflicts ol inleresl, weak goveman¢e undemiining the charities effectiveness and 8Gcounlabilily. Mltlgallng actlvitles agalnsl these rl8ks indude: An annual buslnes$ plan Ilmpl8menled 1 sl May 20241, approved by the Trusl8es, wllh quarterfy rovlew. The plan Includes our alm lo dlversify Income sources, Increase beneflclary spend, establlsh successful fundrai$ers and build slralegic fel8lionshlps lo fom Partnership & Co118borallons. Annual budget limplemenled 1 sl May 20241, approved by th6 Tru$l8es with regular analys18 agalnsl budget. Build and m8inlain financial reserves. see Reserves Policy Annual review of Risk Register Logal, HR and Fin8nelal Input from expert odvi$•r Page 7
SANJAY MORTIMER FOUNDATION IA Company Llmlt•d by Guaranteol TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 30 APRIL 2025 d. Flnanclal rovlow A positive yèar with a total of £177,730 12024.. £126,995) unroslricted income and expendllure of £157.798 12024.. £77,254) allowing funds of £19,933 12024.. £49,741) lo carry forward into FY25. SMRRF fundraising activities raised approxim81ely c.£96.000 in exhibition & li¢kel sales and c.£600 from donated auction items. SMRRF costs were in the region of £29,000. £24,429 of In-klnd donaliong, in the form ol equipment and resources. were rec81ved and donated dlre¢liy to supporting our SMF Stars Ibeneficiaries}. Total admlni$lTative costs. Indudlng support costs. camo to £80,010. Further detsll can b8 found in the accoun18 attached. We aro extremely grateful lo all our friends. partners & collaborators for supporting the Sanjay Mortimer Foundation. Wilhoul this support we couldn't continue lo do the important work we do. Next year wè plon lo focus more effort on spending funds on our bengficiaries - 8UPPOrting ngurodivergent ypung people who find an oullel within the field of engineering. Funds will also go towards the ¢osl of attending exhibitions, marketing lo leach polonlial partners. h031ing fundraislng events and the runnlng of the SMF, to Indude staff & admlnlstrallve cost8. 8truGtur•. gov•rnanc• and manag•m•nt Con•tltutlon The Sanlay Mortlmer Foundat+on 18 a company Ilmlled by guaranlee, Incorporated on 20th Aprfl 2022. It18 a180 reglsl8red as a Chartty wllh the Charille Commisslon, dal8 of registration 14th Nov 2023 and govem8d by Ils Artlcles of A88odallon.1881 updated on 26th August 2025. Members of the charity arg limited to the serving m8mbers of the volunteer 808rd of TTUStees al any glven lime, who are Ilmlled to a guarantee of £1 8aeh in the evènl of the charily balng wound up. At the end of April 2025, th8 Board comprlsad of 6 Trustees overall, Including a Chair & Treasurer. Tha volunteer Board of Trustees Is responsible for the ov•rall govem8nce and direction of the charity. The Board 15 updated regularty with monthly board reports and quartorfy board meetings organised by the CEO. b. M•thod• of appolntment or •lectlon ol TruJtea• The management of the Compony is the responsibility of the Trustees who are elected and co-opted under the tgrms of the Artlcles of Association. Appoinllng new trustees involves a full application process and approval of the Board. When considering appointments, the Board consider diversity of the current board in terms of skills, 8XPerignce, geographic r8presentslion, age 8nd ethnlc and soci08conomic background. Pa9e 8
SANJAY MORTIMER FOUNDATION (A Company Llmlted by Guarantoe) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Statom•nt of Trustogs, responslbllltle¥ Th8 Trustees Iwho are al80 the dlr8ctors of the Charlty for the purposes of company lew) aT8 responslbl8 for preparing the Trustees, Report and the financial slalemenls in accordance wilh applicable law and United Kingdom A¢ry>unling sndards (United Kir¢gdom Generally Accepted Accounting PraGtiGel. Comp8ny law requlr88 tho Tnjslees to prepare financial statements for each financial Under companylow. the Trusl8es musl not approve Ihe flnanclal statements unless they 8re satisfied that they give a Irue and fair view ol the slate of affairs of the Charity and of its incoming resources and application of resourc¢s, induding ils income and 8XP8ndilure, for that perlod. In preparing these flnancial stalem$nl8, the Tnjgtees are required to: select suitable accounting policles and then apply them consistently.. obseNe the method5 and principles of Ihe Chariligs SORP IFRS 1021., make judgrnenls and accounting eslimales that are reasonable and prud8nt', stsle whether applicable UK Accounting Slandards IFRS 1021 have been followed, subject 10 any maleriol departures disclosed and explaingd in the finan¢i•l slalemenls,. prepare the flnancial slatemenl$ on the going ¢oncern basis unless il Is Inapproprio18 lo presume that the Charity will continue in busines$. The Trustees are respon$lble lor keeplng ad8qual8 accounllng records that are sufflcienl lo show and explain the Charills Iransacliong and disclose wllh reasonable accuracy 81 any lime the financial position of the Ch8rily and enable them to ensure that the financial slalemenls cornply wllh the Companles Act 2006. They arg a150 responslble for safeguardlng the assets of the Charity and hon¢e for taking re859nable steps for the prev¢nllon and detection of fraud and other irregularllles. Approved er of the members of the board of Trustee8 on 28 January 2026 and $lgn8d on their behalf by.. Mr Davld Jonathan Lamb (Chalr of Trustee81 P89a g
SANJAY MORTIMER FOUNDATION IA Company Llmlted by Guaranl•e) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 APRIL 2025 Indopendont Examlngrf¥ Roport to the Truste03 of 8anJay Mortlmor Foundatlon (Ihe Charbty'l I report to Ihg chadty Truste88 on my examlnation of the accounts of the Charity for tho year endèd 30 April 2025. R••pon•lbllltl•• and Basls of Report AS the Trustees of the Charity land ils d1ClOrS for the purposes of company lawl you are responsible for the pr8paralion of the accounts in accordance with the requlrements of the Companies Act 20061'th8 2006 Act'l. Having satisfied myself that the accounts of the Charity are not required lo be audited under Part 16 of the 2006 Act and are eligible for Independent examination, I report In respect of my examination of the Charills accounts Carried out under seclion 145 of the Charities Act 2011 I'lhe 2011 A¢l'l. In carrying out my oxaminalion I have followed the DlrectSons gSven by the Charity Comm188ion under sectlon 14515llb} of the 2011 Acl. Ind•ynd•nt Examln•rf$ Ststsmonl I have completed my examination. I confirm that no matters have come lo my attention in connectlon with the examination giving me cause lo b81ieve'. ac¢ounling ro¢ords were not kepl in respect of the Charity as required by Sectlon 386 01 the 26 Act,. or th8 accounts do not accord with those records., or the accounts do not comply wllh the accounting requlrements of sectlon 396 of the 2006 Act other than any r8quirem6nt that the accounts glve a 'lrue and fal¢ vlew whlch Is not a matter ¢onsldered as part of an Sndependenl examination., or the accounts have not been prepared in accordance with the methods and pnnclplgs of the Slalement of Recommended Practice for accounting and reporting by charitles lapplicable to charities preparing their accounts in accordance with thè Financial Reporting Standard applicable in Ihfj UK and Republic of Iroland {FRS 10211. I have no conc8ms and have come across no olhaf matters in connection with the examination to which attention should be drawn in this report in order to enable a proper undeT$tandlng of the accounts lo bg reached. Signed.. Oaled.. 28 January 2026 Ajlan W McKelvie F.C.A McKelvie & Co LLP Independent Examinar 82 Wandsworth 8ridge Road London SW6 2TF Page 10
SANJAY MORTIMER FOUNDATION IA Company Llmltod by Guarantoe) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 APRIL 2025 Unre$tdGted funds 2025 Total funds 2025 Tol81 lunds 2024 Not• Income from: Donations and legacie8 Charitable adivilies Other In¢om• 33,784 96,396 47,551 33,784 96,396 47,531 59.142 67.853 Total Incom• 177.731 177.731 726,995 Exp¢ndltur• on: Raising funds Choritsble activities 29.147 128.651 29.147 128.651 34,102 43,152 Tot•1 •xp•ndllur• 157.798 157.798 77,254 N•t mov•m•nt In lund¥ 19.933 19,933 49,741 RgGonclllatlon ol fund•: Total funds brought forward Not movement in funds 124.678 19.933 124,678 19,933 74,937 49,741 Totsl fvnd• carrled fr•rward 144.611 144.611 124,678 Thg Statement of Financial Activllie$ Includes all galn8 and108seg rg¢ognl$Èd In the year. Tho nol88 on pages 14 10 25 fomi part of these financlal 8talem&nt8. Page 11
SANJAY MORTIMER FOUNDATION IA Company Llmited by Guarantee) REGISTERED NUMBER: 14055256 BALANCE SHEET AS AT 30 APRIL 2025 2Q25 2024 Noto Flxod •s$ets Tangible assets 14 2.336 2.336 844 Current as¥ets Debtors Cash at bank and in hand 15 316 136. 123 146,562 147.205 136,439 Current Ilablllt5es Cr8dilors.' amounts falling due within one year 16 (4,930) (12,605) Net current assots 142,275 123.834 Totsl assets les8 current Ilabllltlos 144.611 724,678 Net assets excludlng nsIOn asset 144.611 124.678 Totsl net assets 144.611 124,678 ChaTIty funds R8slricled funds Unrestricted fijnds 17 17 144,611 124,678 Totsl lunds 144.611 124,678 The Charity was entiled 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 year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilrties for complying swth the rgquiremgnls of the Act with respect lo aOUnting records and pieparalion of financial statements. The financial statements have been ppared in accordance with the provisions applicable to 8ntities subject lo the small companies regime. The financial slatemonts were approved and atslh0ri5ed for issue by the Trustees on 28 January 2026 and signgd on their behalf by. Pa98 12
SANJAY MORTIMER FOUNDATION (A Company Llmlted by Guarantee) REGISTEREO NUMBER: 14055256 BALANCE SHEET (CONTINUED) AS AT 30 APRIL 2025 Mr Davld Jonathan Lamb (Chalr of Trustees) The notes on pages 14 10 25 fomi part of Ihese financial stalements. Page 13
SANJAY MORTIMER FOUNDATION {A Company Llmllod by Guarante81 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Gonfrrnl Inforniatlon The charity Is a public benefit enllly and 8 private limited company limited by guaranlèo, regSslered in England and Wales and a registered charity in England and Wales. The address of tha reglstered office is 82 Wand8WOrth Bridge Road, London. SW6 2TF. Accountlng poll¢le• 2.1 8asl3 of pr•paratlon of flnanGlal stat•m•nts The financial slalemenls h8ve been prepared in accordance with the Chorilies SORP IFRS 1021 Accounting and Reporting by Charities.. Sialem8nl ol Recommended Practice applicabl8 lo ¢harilie8 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK ar5d Republic of Ireland IFRS 1021 leffective 1 January 20191, the FSnancial Reportlng Standard applicable in the UK and RepLJblic of Ireland IFRS 10218nd the Companies Act 2006. Sanjay Mortimer Foundallon meels the deftnillon of a public benefit entity under FRS 102. Assets and liabilllie$ are initially recognised al histori1 Cost or Ir8nsaclion value unless othèrwise stal6d In the relevant ac¢ounllng polScy. The financlal $lat6men18 are prepared In 81ertlng, whlch Is the functional curren¢y of the entity. 2.2 Golng conrn Thor6 arg no matedal uncertalnllles about the Cha8 abillty to contlnue. The ftnanclal stslements have been prepared on the golng wncern basls. 2.3 Incom• All Incorne Is recognised once the Charlty has onti118ment lo th8 Income, Tt Is probable that the Incomé will be received and the amount of income receivable can be measur6d reliably. 2.4 Exp•ndltur• Expenditure is recognised once there is a19981 or conslruclive obligation lo transfer economic b8n&fil to a third party. 11 is probable that a transfer of 6conomic beneflls will be requirgd in settlement and the amount of the obligation can be me8sured reliably. Expenditure is classified by aclivlty. Th6 costs of each activity are made up of the lolal of direct costs and shared costs, including support costs Involved in undertaking each aclivily. Direct costs attributable lo a single activity are allocated directly lo that activity. Shared costs which contribute lo more than one aclivlty and support costs whieh are not 8ttribulable to a single activity are apportionèd between those activities on a basis consistent with the use of r9s0urces. Central staff costs ar8 allocaled on the basis of lime spent, and depreciation charges allocated on the portion of Ihg ass9t's use. Expenditure on raising funds includes all expenditure incurred by the Charity lo raisa fijnds for 11$ charitsble purposes and includes costs of all fundraising activities events and non-eharitsble trading. Expenditure on charitable activities is incurred on direcuy undertaking the activities whlch further the Charivs objectives, a5 well as any associated support costs. P8gg 14
SANJAY MORTIMER FOUNDATION IA Cornpany Llmlt•d by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Accounllng pollGl•¥J {Gontlnuedl 2.4 Exp•ndlturg {Gontlnued) Grants payable are charged in the year when the offer is made except in Ihos8 cases where the offer Is conditional. such grants being recognised as expenditure when th8 condilions allaching are fulfilled. Grants offered subject lo conditsons which have not been mel at the year end are noted as a commilmant. but not a¢crued as expenditure. All expenditur8 Is inclusive of irrernverablè VAT. 2.5 Tanglbl• flx•d a¥BetB and d•prnclatlon Tangible fixed ass818 are initially recognisgd al cost. After recogni1Son, under tb6 Cost model, tangible fixed assets are measured 81 cosl less accumulated depreciation and any accumulalod lrnpairmenl 105ses. All costs incurred lo bring a tangible fixed a88et Into Its Intended worklng condition should bo Included In the measurement ol cost. Deprecialion Is charged so as lo allocate the c08t of tanglble fixed 8ssels less Ihelr re8ldu81 value over their eslimal$d useful lives, Depr6clallon Is provlded on the following ba$l$: Computar equipment 33% Straignt Llna 2.6 D•btor• Trade and olher debtors are recognSsed al the settlement amount after any trade dlscount offered. PrepayTnenls are valued al thè amount prepaid nel of any trade discounts due. 2.7 Cash at b•nk and In hand Cash at bank and In hand includès cash and 8hort-t•m highly liquid investments w41h a short malurlty of three months or1888 from the d81e of acqu181tion or opgning of the deposit or 8imllar account. 2.8 Llabllltl•8 and provlslon# Liabilit188 are recognised when there is an oblig8tion at the 8818n¢o Sheet date as a result of a past event, il 18 probable that a transfer of economic benefit will be required in settlem8nl. and the amount of the Settlement Gan be estsm8led reliably. Liabilities ar8 rgcognised at the amount that the Charity anlicipales il will pay lo $8tllè th8 dabt or th8 amount il has received as advanced p8yTh&nls for the goods or servic8S it musl provlde. Provisions are measured al the best esb'mate of the amounts required lo sellle the obligation. Where the effect of the time value of money is material, the provision is bosed on the present value of those amounts, discounted at the pr&lax discount rate that reflects the risk5 specific lo the liability. The unwinding of the discount is recognised in the Slalement of Finaneial Activits'es as a finance cost. P890 15
SANJAY MORTIMER FOUNDATION IA Company Llrnltèd by Guarantoe) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 ountlng pollclos (contlnuedl 2.9 FlnancS8l In¥tfumont1 The Charity only has financial assets and financial liabililies of a kind that qualify as basic financial instruments. Basi¢ financial instruments are initially recognlsed al transaction value and subsequently measured al their settlement value with the exception ol bank loans which are subSequenY measured al amortised Cost using the effective interest rnethod. 2.10 P•n•lon• Tho Ch8rity operatos a dgfin8d contribution pension schemo and the penslon charge r8pre8en18 Ihg amounts payable by the Charity lo the fvnd In respa¢t of the yoar. 2.11 Fund accountlng General funds are unrestricted fvnds which are avallable for use al the dis¢wlion ol th¢ Trustees In furtherance of the gener81 objectlves of the Charity and whlch h8V8 not been de8lgnalod for other purposes. Incom• from donatlon• and l•oaclo• Unrestrl¢t•d lund• 2025 Total funds 2025 Oonalion8 33,784 33,784 Unreslriclgd funds 2024 Total funds 2024 Donation8 59,142 59, 142 Incorno from charltable actlvltlgl Unrnstrlcted funds 2025 Total fvnds 2025 Income from charitable acts'vities- Events 96,396 96.396 Pago 16
SANJAY MORTIMER FOUNDATION IA Company Llrnlted by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Incom• from ch•rltob18 actlvltlol l¢ontlnuedl Unrg$tnct8d fvnds 2024 Tol81 funds 2024 Income from charitable 8clivllies - Events 67,853 67,853 Oth•r InGomlng i•¥ourGo¥ Unr•strlctod fund3 2025 Totsl nds 2025 Total funds 2024 Other Incomlng resource$ 47,551 47,551 Exp?ndltur• on r¥l¥lng fvnd• Cost• ol ral•lng voluntary Incom• Unrastrlcted funds 2025 Total funds 2025 Cost$ of raising voluntary Income 29,147 29,147 Unrestricted funds 2024 Total funds 2024 Cost$ of raising voluntsry income 34. 102 34.102 Page 17
SANJAY MORTIMER FOUNDATION (A Company Llmlted by Guaranlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Analysls of grants Grants to Individuals 2025 Total funds 2025 Granls 48.641 48,641 Grants to Individu81s 2024 Total funds 2024 Grants, Events 8,624 8,624 Analy¥ls of expenditur• on charltablo activltl•# Summary by fund type Unyestrlcted funds 2025 Total 2025 Events 128.651 128,651 Unrestricted funds 2024 Total 2024 Events 43, 152 43,152 Paga 18
SANJAY MORTIMER FOUNDATION IA Company Llmlttd by Guarantge) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Analysls of oxpgndlture by activltles Grant ftindlng of activlties 2025 Support costl 2025 Totsl fvnds 2025 Events 48.641 80,010 128,651 Grant funding ol 8clivities 2024 Support costs 2024 Tofal funds 2024 Events 8.624 34,528 43,752 10. Independent Qxamlnefs remuneratlon 2025 2024 Fees payable lo the Charitys independent examiner for the independent examinatson of the Chariws annual accnunts 3,600 1.800 11. Staff costs The average number of persons employed by the Charity during the year was 8s follows.. 2025 No. 2024 No. Adminislralion and Support No employee received remuneration amounting lo more than £60,000 in either year. Pago 19
SANJAY MORTIMER FOUNDATION {A Company Llmltod by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 12. Tfust••8' r•munaratlon and exponsos During the y6ar. no Trustees received any remuneration or other benefits (2024 - £NIL). Durlng the year ended 30 Apdl 2025, no Trustee expenses have been in¢urr¢d (2024- £NIL?. 13. P•n•lons and oth•r po$t4Otlr¢moni ben•flt8 Deflned contribution plan Thè arnounl iecognlsed in In¢ome or exp8nliure 88 an expanse in relatlon lo defined contribution plan w88 £2,201 12024: £7341 Pagè 20
SANJAY MORTIMER FOUNDATION (A Company Llfflitsd by Guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 14. TaTrglbl• fixed assets Computer equipmènt Cost or valuatlon Additions 3,414 At 30 April 2025 3.414 Dgproclatlon Charge for the year 1,078 At 30 April 2025 1.078 Net book valuo At 30 April 2025 2,336 At 30 Apnl 2024 15. D•btors 2025 2024 Duo wlthln one year PrepayTnenls and accrued income 316 3t6 P8ge 21
SANJAY MORTIMER FOUNDATION IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 16. Credltorn." Amounts falllng due wlthln one year 2025 2024 Olhor creditors Accruals and deferred Income 330 4.600 330 12,275 4.930 12,605 Page 22
SANJAY MORTIMER FOUNOATION {A Company Limltad by Guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 17. Statement of funds Statement of fundw - ¢urront y•ar Balanc• Ot 30 Aprll 2025 Balance at 1 May 2024 Incom• Exp•ndltur• Unr•strlcted lund• Genaral Funds - all lunds 124.678 177,731 {157.79al 144.611 Statemont of funds - prlor y•ar Ba18nce 81 B818nce al 1 May 2023 30 April 2024 Unre•trlct•d fund• General Funds- all lund8 124,6T8 124,678 Paga 23
SANJAY MORTIMER FOUNDATION IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 18. Summary of funds Summary of funds . ¢utreThl year Balance at 30 April 2025 Balance at 1 May 2024 Income Expendituro General funds 124,678 177,731 1157,798> 144,611 Summary of funds- prlor year Balance al Balance al l May 2023 30 April 2024 General funds 124,678 124,678 19. AnalysSs of ng1 asset# b8tWgen funds Anatysls of net assets l)etwoen funds - Current year Unr•strlcted funds 2025 Totsl funds 2025 Tangible fixed assets Curr6nl assets Creditors due within one year 2.336 147.205 14,9301 2,336 147,205 (4,930) Total 144,611 144.611 An8lysl$ of net ass•ts bets¥een ftsnds . prlor year Unrestrict&d funds 2024 Total funds 2024 Tangiblg fixed assats Current assets Creditors due within one year 136,439 (12,605) 136,439 (12,605) Total 124,678 124,678 Page 24
SANJAY MORTIMER FOUNDATION IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 19. Analysls of not as¥gts betwoon funds lcontlnued) 20. Related party transactlon$ During the year the bal8n¢e owed fromldue to E3d-Online Limited registered in England and Wales where Mr D Lamb is a director was £NIL12024.' £NILI. Page 25