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
Objects
THE OBJECTS OF THE CIO 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, SO AS TO DEVELOP THEIR CAPABILITIES THAT THEY MAY GROW TO FULL MATURITY AS INDIVIDUALS AND MEMBERS OF SOCIETY.
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”
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Volunteers: 3
Self-declared on the annual return for the financial year ending 31/03/2024
- Volunteers: 2
Self-declared on the annual return for the financial year ending 31/03/2023
- Volunteers: 5
Annual return filing dates (Charity Commission record)
Of its last 5 annual returns with a recorded received date, 5 were received after the due date: year ending 31/03/2025 (received 16/06/2026, 136 days after the 31/01/2026 due date); year ending 31/03/2024 (received 20/08/2025, 201 days after the 31/01/2025 due date); year ending 31/03/2023 (received 11/12/2024, 315 days after the 31/01/2024 due date); year ending 31/03/2022 (received 02/11/2023, 275 days after the 31/01/2023 due date); year ending 31/03/2021 (received 11/03/2022, 39 days after the 31/01/2022 due date).
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 |
|---|---|---|
| UBS UK Donor-Advised Foundation | 1 | £5.0m |
| DAVID & RUTH LEWIS FAMILY CHARITABLE TRUST | 1 | £426k |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £380k |
| THE HUMANITARIAN TRUST | 1 | £73k |
| THE RAYNE TRUST | 1 | £45k |
| THE ALAN AND BABETTE SAINSBURY CHARITABLE FUND | 1 | £40k |
| FELLOWSHIP OF ST JOHN (UK) TRUST ASSOCIATION | 1 | £30k |
| THE FUNDING NETWORK | 1 | £23k |
Charities like this
- THE ANGLO SA FOUNDATION
- THE SASHA FOUNDATION
- SOHN FOUNDATION LONDON
- FOUNDATION MATTERS
- THE IOE FOUNDATION
- ACCOMPLISH CHILDREN'S TRUST CIO
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 ANGLO SA FOUNDATION | £52k | — | 0 | unclear | — | no doubt |
| THE SASHA FOUNDATION | £74k | — | — | unclear | — | no doubt |
| SOHN FOUNDATION LONDON | £191k | — | 0 | within | — | no doubt |
| FOUNDATION MATTERS | £366k | — | 0 | unclear | — | no doubt |
| THE IOE FOUNDATION | £50k | — | 0 | unclear | — | no doubt |