2023-02-28-accounts - Sloane Robinson Foundation

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					Page
Reference and Administrative		Details ofthe Foundation,	its Trustees	and Advisers
Trustees' Report					2-5
Independent Auditors'	Report	on the Financial Statements			6-9
Statement of Financial	Activities				10
Balance Sheet
Statement of Cash Flows					12
Notes to the Financial	Statements				13 —25

			Unrestricted	Endowment	Total	Tntni
			funds	funds	funds	funds
			2023	2023	Z023	2022
		Nate	E	E		6
Income and endowments	from:
Investments			260,442		260,442	262,711
Other income			366,298		366,298
Total income end endowments			626,740		626,740	262,711
Expenditure on:
Investment management	costs	5		11,024	11,024	6.142
Charitable activities		7	765,636		765,636	847,813
Total expenditure			765,636	11,024	776,660	853,955
Net expenditure before net
gams/(losses) on investments			038,896)	(11,024)	(149,920)	(591,244)
Not gains/(losses) on investments				979,372	979,372	(3,140,400)
Net (expenditure)/income			035,896)	968,348	829,452	(3,740,653)
Transfers between funds			138,896	(138,896)
Net movement in funds before other
recognised gains/(losses)				829,452	829,452	(3,740,653)
Other recognised gains/(losses):
Other losses				(56,273)	(56,273)	(248,701J
Net movement in funds				773,179	773,17'9	(3,989,354)
Reconciliation of funds: Total funda brought forward				M,4$8,27$	16,48$,27$20,477,682
Net mavement in funds				773,179	773.179	(3,989,354)
Total funds carried forward				17,261,457	17,261,457	16,4S8,278

			STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS
	FOR THE YEAR ENDED 28 FEBRUARY 2023
						2023	2022
							6
Cash flows from operating	activities
Net cash used in operating	activities					(582,003)	(376,019)
Cash flows from investing	activities
Proceeds from sale of investments						10,776,740	16,79a,264
Purchase of investments						(7,95la,l69)	(17,144,7051
Net cash provided by investing activities						2,822,579	1,649,559
Cash flows from financing	activities
Net cash provided by financing activities
Change in cash and cash	equivalents	in	the	year		2,240,576	1,273,540
Cash and cash equivalents	at the beginning			nf the year		1,858,677	689,985
Change in cash and cash	equivalents	due to exchange			rate movemenis	366,293	(1068oa)
Cash and cash equivalents	at the end	of	the year			4,465,551	1,858,677

The Foundation has made t	he fo	llowing materia	l grants to institutions	during the year:
				2023	2022
				8	6
Name of institution
Abingdon ttridge				10,000
Chase Africa					15,000
Children Heard and Seen				25,000
Garsington Opera				50,000	50,000
Karta Initiative				100,000	200,000
Keble College, Oxford				149,250	258,con
LIFE beat				10,000
Lincoln College, Oxford				156,750	250,400
One Small Thing (Hope Street)				10,000
Open University (Sanctuary	Scholarships)			15,000
Reuben College, Oxford				30,000	tO.000
Somerville College, Oxford				6,000
Turquoise Mountain					5,000
Tutor the Nation				50,000	50,000
United World Schools				35,352	45,097
University of Oxford Department		of Continuing	Education	15,000	25,OOO
University of Oxford Psychiatry		Department		15,000	52,500
Veernt Foundation				11,026	9,092.
				691,378	680,588
Other grant-" to in titutions	of less than E1,000			2,425	2,060
				693,803	6S1,648

		Charitable	Governance	Total	Total
		activities	COSLS	funds	funds
		2023 E	2023f	2023 E	2022 6
Accountancy	fees	3,501	3,501	7,002	8,478
Audit fees			6,900	6,900	5,418
Consultancy	costs	25,496		25,496	24,348
Professional	casts	7,807	23,423	31,230	21,637
Bank charges	and interest	1,205		1,205	1,486
Exchange losses					104,848
		38,009	33,824	71,833	166,165
Total 2022		140,280	25,885	166,165

					2023	2022
						E
Fees payable	to the Foundation's	auditor		for the audit of the Foundation's
annual accounts					6,900
Fees payable	to the Foundation's	auditor		in respect of:
All non-audit	services not included		above		2,700

Fees payable	to the Foundation's	previous	auditoi	in	i espert of.
The auditing	of the Foundation's	annual accounts				5,418
All non-audit	services not included above					4,470

									7073	7077
										E
Net income/expenditure	for		the	year	(as	per	Statement	of Financial
Activities)									829,452	(3,740,653)
Adjustments for:
Decrease in debtors										375,632
Decrease in creditors									(9,512)	(16,553)
(Gains)/tosses on revaluation		of investments							(979,372)	3,149,408
Other gains/(losses)									(56,273)	(248,701)
Foreign exchange (gains)/losses			recognised			in the	SOFA		(366,298)	104,848
Net cash used in operating	activities								(582,003)	(376,019)
Analysis of cash and cash	equivalents
									2023	7022
Cash in hand									4,465,551	1,858,677
Total cash and cash equivalents									4,465.551	1,858,677

Net gains/(l	asses) on i	nve	stment	s
						2023	1022f
Foreign exchange gains/gasses)				on Investments	held at year end	598,366	165,763
(Loss)/gain	on foreign	exchange		forward contracts		(56,273)	(748,701)
(Loss)/gain	on revaluation		of investments			660,392	(2,403,578)
(Loss)/gain	on disposal	of	investments			(59,386)	(911,614)
						923,099	(3,308,110)