SAO FOUNDATION
Latest income
£812k
Latest spending
£826k
Registered
2018
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with net liabilities of £40,865.80, resulting in a negative unrestricted fund balance. Despite this deficit, the trustees report that the foundation remains in a strong financial position with total income of £517,093.79 and expenditure of £390,200.66.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy
“The Foundation remains in a strong financial position” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2025)
Total income
£812k
Total spending
£826k
Cost of raising funds
£71k
Reserves (reported)
£0
Employees
2
Trustees
- Nana Yao Sao
- Saliudeen Bolaji Bakare
- Sangwani Andrew Mabhena
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £812k | £826k |
| 31/03/2024 | £517k | £390k |
| 31/03/2023 | £595k | £673k |
| 31/03/2022 | £246k | £281k |
| 31/03/2021 | £0 | £30k |
Common questions
Is SAO FOUNDATION financially healthy?
The accounts state that the charity ended the year with net liabilities of £40,865.80, resulting in a negative unrestricted fund balance. Despite this deficit, the trustees report that the foundation remains in a strong financial position with total income of £517,093.79 and expenditure of £390,200.66. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| NORFOLK COMMUNITY FOUNDATION | 1 | £30k |