SAO FOUNDATION
The objects of the charity are to advance in life and relieve the needs of underprivileged young people in the UK and Africa particularly but not exclusively, through the provision of financial and mentoring support as a means of: (a) advancing education; (b) relieving sickness; and (c) providing visual and performing arts activities
Financial health, per its FY2025 accounts
The accounts state that the charity's unrestricted reserves are in a deficit of £54,550.16, following a net movement in funds of (13,684.36) for the year. Total income was £812,356.33 against total expenditure of £826,040.69. The trustees confirm that sufficient financial support is available to continue operating as a going concern.
What the accounts disclose
“Income from generated funds Donations 500,518.62”
Structured financials (annual return, FY ending 31/03/2025)
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?
Per its FY2025 accounts: The accounts state that the charity's unrestricted reserves are in a deficit of £54,550.16, following a net movement in funds of (13,684.36) for the year. Total income was £812,356.33 against total expenditure of £826,040.69. The trustees confirm that sufficient financial support is available to continue operating as a going concern. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CHURCH REVITALISATION TRUST | 1 | £117k |
| NORFOLK COMMUNITY FOUNDATION | 1 | £67k |
| THE PA FOUNDATION | 1 | £57k |
| THE PERMIRA FOUNDATION | 1 | £53k |
| THE ELLERDALE TRUST | 1 | £10k |
| THE PAUL BASSHAM CHARITABLE TRUST | 1 | £5k |
| SKIPTON BUILDING SOCIETY CHARITABLE FOUNDATION | 1 | £2k |
Charities like this
- THE SOHO HOUSE FOUNDATION
- THE FOUNDATION FOR EDUCATION, ARTS AND CULTURE
- ASOS FOUNDATION
- SOUL FOUNDATION
- BEN SAUNDERS FOUNDATION
- THE POINT FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SAO FOUNDATION | £812k | — | 0 | unclear | — | no doubt |
| THE SOHO HOUSE FOUNDATION | £168k | — | 0 | unclear | — | no doubt |
| THE FOUNDATION FOR EDUCATION, ARTS AND CULTURE | £133k | — | 0 | above | — | no doubt |
| ASOS FOUNDATION | £931k | — | 0 | unclear | — | no doubt |
| SOUL FOUNDATION | £264k | — | 0 | within | — | no doubt |
| BEN SAUNDERS FOUNDATION | £187k | — | 0 | unclear | — | no doubt |