Sortition Foundation Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10652142

Sortition Foundation

Company Limited by Guarantee

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Sortition Foundation

Company Limited by Guarantee

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6	3,698	3,373
Investments	7	6,819	6,819
		--------	--------
		10,517	10,192

Current assets

Debtors	8	34,495	74,349
Cash at bank and in hand		77,107	67,779
		---------	---------
		111,602	142,128

Creditors: amounts falling due within one year	9	65,903		75,269
		---------		---------
Net current assets			45,699		66,859
			--------		--------
Total assets less current liabilities			56,216		77,051

Provisions	925	719
	--------	--------
Net assets	55,291	76,332
	--------	--------

Capital and reserves

Profit and loss account	55,291	76,332
	--------	--------
Members funds	55,291	76,332
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Sortition Foundation

Company Limited by Guarantee

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 3 November 2025 , and are signed on behalf of the board by:

Ms R Davis

Director

Company registration number: 10652142

Sortition Foundation

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Unit 3, Wellbrook Court, Girton, Cambridge, CB3 0NA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

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. Donations are recognised on a receivable basis where it is probable that the income will be received and the amount can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	33% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Company limited by guarantee

The company is limited by guarantee.

The liability of Members is limited to £1, being the amount that each Member undertakes to contribute to the assets of the company in the event of it being wound up.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 9 ).

6. Tangible assets

	Equipment
	£
Cost
At 1 April 2024	8,414
Additions	2,523
	--------
At 31 March 2025	10,937
	--------
Depreciation
At 1 April 2024	5,041
Charge for the year	2,198
	--------
At 31 March 2025	7,239
	--------
Carrying amount
At 31 March 2025	3,698
	--------
At 31 March 2024	3,373
	--------

7. Investments

	Other investments other than loans
	£
Cost
At 1 April 2024 and 31 March 2025	6,819
	-------
Impairment
At 1 April 2024 and 31 March 2025	–
	-------

Carrying amount
At 31 March 2025	6,819
	-------
At 31 March 2024	6,819
	-------

8. Debtors

	2025	2024
	£	£
Trade debtors	21,004	72,596
Other debtors	13,491	1,753
	--------	--------
	34,495	74,349
	--------	--------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	3,432	4,134
Amounts owed to group undertakings and undertakings in which the company has a participating interest	11,232	–
Social security and other taxes	22,502	25,778
Other creditors	28,737	45,357
	--------	--------
	65,903	75,269
	--------	--------