SDSA Foundation

	Page
Trustees' Report	1—2
Independent Examiner's Report	3
Statement of Financial Activities (including Income and Expenditure Account)	4
Comparative Statement of Financial Activities (including Income and Expenditure Account)	5
Balance Sheet	6
Notes to the Financial Statements	7—11

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2026.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

R Holden FCA

7 July 2026

Holden and Co

13-15 Church Street
Oldbury
B69 4DH

Page 3

Page 4

SDSA Foundation

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 March 2026

Statement of Financial Activities (including Income and Expenditure Account)

				2026	2025
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM:
Charitable activities:
Project Funding		-	6,356	6,356	8,882
Investments	3	15,804	-	15,804	19,527

		15,804	6,356	22,160	28,410

EXPENDITURE ON:
Charitable activities:	4
Consultancy		-	(70,480 )	(70,480 )	-
Miscellaneous		(47 )	-	(47 )	(234 )
Accountancy		(2,400 )	-	(2,400 )	(2,400 )
Management charges		(17,884 )	-	(17,884 )	(6,000 )
Equipment and IT services		-	-	-	(381 )
Other		(85 )	-	(85 )	(339 )

		(20,416 )	(70,480 )	(90,896 )	(9,354 )

NET (EXPENDITURE)/INCOME		(4,612 )	(64,124 )	(68,736 )	19,056


NET MOVEMENT IN FUNDS		(4,612 )	(64,124 )	(68,736 )	19,056
RECONCILIATION OF FUNDS:
Total funds brought forward		649,957	80,359	730,316	711,260

TOTAL FUNDS CARRIED FORWARD	10	645,345	16,235	661,580	730,316

The notes on pages 7 to 10 form part of these financial statements.

Page 4

Page 5

SDSA Foundation

Comparative Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 March 2026

Comparative Statement of Financial Activities (including Income and Expenditure Account)

				2025
		Unrestricted funds	Restricted funds	Total funds
	Notes	£	£	£
INCOME AND ENDOWMENTS FROM:
Charitable activities:
Project Funding		-	8,882	8,882
Investments	3	19,527	-	19,527

		19,528	8,882	28,410

EXPENDITURE ON:
Charitable activities:	4
Miscellaneous		(234 )	-	(234 )
Accountancy		(2,400 )	-	(2,400 )
Management charges		-	(6,000 )	(6,000 )
Equipment and IT services		(381 )	-	(381 )
Other		(239 )	(100 )	(339 )

		(3,254 )	(6,100 )	(9,354 )

NET INCOME/(EXPENDITURE)		16,274	2,782	19,056


NET MOVEMENT IN FUNDS		16,274	2,782	19,056
RECONCILIATION OF FUNDS:
Total funds brought forward		633,683	77,577	711,260

TOTAL FUNDS CARRIED FORWARD	10	649,957	80,359	730,316

The notes on pages 7 to 10 form part of these financial statements.

Page 5

Page 6

SDSA Foundation

Balance Sheet

As At 31 March 2026

Balance Sheet

				2026	2025
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	8	-	6,356	6,356	-
Cash at bank and in hand		675,882	40,359	716,241	709,458

		675,882	46,715	722,597	709,458
Creditors: Amounts Falling Due Within One Year	9	(30,537 )	(30,480 )	(61,017 )	20,858

NET CURRENT ASSETS (LIABILITIES)		645,345	16,235	661,580	730,316

TOTAL ASSETS LESS CURRENT LIABILITIES		645,345	16,235	661,580	730,316

NET ASSETS		645,345	16,235	661,580	730,316

FUNDS OF THE CHARITY
Restricted Funds				16,235	80,359
Unrestricted Funds				645,345	649,957

TOTAL FUNDS	10			661,580	730,316

For the year ending 31 March 2026 the charitable 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 in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

On behalf of the board

S J White

Trustee

7 July 2026

The notes on pages 7 to 10 form part of these financial statements.

Page 6

Page 7

SDSA Foundation

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

SDSA Foundation is a company limited by guarantee, incorporated in England & Wales, registered number 07577023 and registered charity number 1142846 . The registered office is .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Incoming Resources

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

2.3. Resources Expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

2.4. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Investment Income

	2026	2025
	Unrestricted	Unrestricted
	funds	funds
	£	£
Bank interest receivable	15,804	19,527

4. Analysis of Expenditure

			2026
	Activities undertaken directly	Support costs (see note 5 )	Total
	£	£	£
Consultancy	70,480	-	70,480
Miscellaneous	-	47	47
Accountancy	-	2,400	2,400
Management charges	17,884	-	17,884
Other	-	85	85

	88,364	2,532	90,896

Page 7

Page 8

SDSA Foundation

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

			2025
	Activities undertaken directly	Support costs (see note 5 )	Total
	£	£	£
Miscellaneous	-	234	234
Accountancy	-	2,400	2,400
Management charges	6,000	-	6,000
Equipment and IT services	381	-	381
Other	79	260	339

	6,460	2,894	9,354

5. Support Costs

				2026
	Miscellaneous	Accountancy	Other	Total
	£	£	£	£
General administration	47	2,400	-	2,447
Interest payable	-	-	85	85

	47	2,400	85	2,532

				2025
	Miscellaneous	Accountancy	Other	Total
	£	£	£	£
General administration	234	2,400	100	2,734
Interest payable	-	-	160	160

	234	2,400	260	2,894

6. Independent Examiner's Remuneration

	2026	2025
	£	£
Independent examination of the financial statements	2,400	2,400

7. Average Number of Employees

Average number of employees during the year was: NIL (2025: NIL)

8. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	6,356	-

Page 8

Page 9

SDSA Foundation

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	61,017	(20,858 )

10. Movement in Funds

	As at 1 April 2025	Income	Expenditure	As at 31 March 2026
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	642,994	15,804	(3,376 )	655,422
Designated:
Advent Fundraiser	92	-	-	92
LCST Funds	6,871	-	-	6,871
Contingency Fund	-	-	(17,040)	(17,040)

	6,963	-	(17,040 )	(10,077 )


Total unrestricted funds	649,957	15,804	(20,416 )	645,345


Restricted funds
Broadband Aid	664	-	-	664
Pathways Thomas Estley	3,910	-	-	3,910
Pathways to Education (B'Leys)	(2,494)	-	-	(2,494)
Washing Machine Aid	1,757	-	-	1,757
Yule Never Walk Alone	(435)	-	-	(435)
Other Grants	9,756	-	-	9,756
Community Foundation	67,201	6,356	(70,000)	3,557
London Marathon 2027	-	-	(480)	(480)


Total restricted funds	80,359	6,356	(70,480 )	16,235




Total funds	730,316	22,160	(90,896 )	661,580

	As at 1 April 2024	Income	Expenditure	As at 31 March 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	626,641	19,528	(3,175 )	642,994

...CONTINUED

Page 9

Page 10

SDSA Foundation

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Designated:
Advent Fundraiser	171	-	(79)	92
LCST Funds	6,871	-	-	6,871

	7,042	-	(79 )	6,963


Total unrestricted funds	633,683	19,528	(3,254 )	649,957


Restricted funds
Broadband Aid	664	-	-	664
Pathways Thomas Estley	3,910	-	-	3,910
Pathways to Education (B'Leys)	(2,494)	-	-	(2,494)
Washing Machine Aid	1,757	-	-	1,757
Yule Never Walk Alone	(435)	-	-	(435)
Other Grants	9,756	-	-	9,756
Community Foundation	64,419	8,882	(6,100)	67,201


Total restricted funds	77,577	8,882	(6,100 )	80,359




Total funds	711,260	28,410	(9,354 )	730,316

11. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

12. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure.

13. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

Page 10

Page 11

SDSA Foundation

Detailed Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 March 2026

Detailed Statement of Financial Activities (including Income and Expenditure Account)

	2026	2025
	Total funds	Total funds
	£	£
INCOME AND ENDOWMENTS FROM:
Charitable Activities:
Project Funding
Project funding	6,356	8,882

	6,356	8,882
Investments

Bank interest receivable	15,804	19,527

	15,804	19,527


	22,160	28,410
EXPENDITURE ON:
Charitable Activities:
Consultancy
Consultancy fees	(70,480)	-

	(70,480)	-
Miscellaneous
Sundry expenses	(47)	(234)

	(47)	(234)
Accountancy
Independent examiner's fees	(2,400)	(2,400)

	(2,400)	(2,400)
Management charges
Management fees	(17,884)	(6,000)

	(17,884)	(6,000)
Equipment and IT services
Equipment and IT services	-	(381)

	-	(381)
Other
Distributed funding	-	(79)
Donations	-	(100)
Bank charges	(85)	(160)

	(85)	(339)

	(90,896)	(9,354)

NET (EXPENDITURE)/INCOME	(68,736)	19,056

Page 11