These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. These financial statements and reports have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the statement of comprehensive income has been taken.

For the year ended 31 December 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year ended 31 December 2024 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirments of the Companies Act 2006 with respect ot accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the Board of Directors on 19 September 2025.

The financial statements have been prepared on the historical cost basis.

Financial Data And Technology Association is a private company limited by guarantee, without share capital, registered in England. The address of the registered office is given in the company information on page 2 of these financial statements.

39 Blackheath Road

First Floor

London

SE10 8PE

These financial statements have been prepared in accordance with FRS 102 the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland as adapted by Section 1A of FRS 102 and the Companies Act 2006. The company constitutes a public benefit entity as defined by FRS 102.

The nature of the company's operations and principal activities are principal activity during the year was that of open banking technology lobbying.

The financial statements have been prepared on a going concern basis. The directors are currently reviewing the operating model of the company and positioning in the market place. Based on this, the directors have a reasonable expectation that the company has sufficient resources to meet its liabilities as they fall due, for a period of 12 months from the signing of the financial statements.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

The company is in dispute with a former consultant which may give rise to a liability. Given the early stage of the matter, there is uncertainty regarding the outcome. Based on available information, it is not currently clear on the potential financial impact, though this will change as information becomes available.

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members are liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

During the period, the company engaged consulting services from Third Rail Global Insights LLC, in which R Prior has significant influence. The fees incurred int the current year are as per below breakdown: