SAWIRIS FOUNDATION REGISTERED CHARtrY NO. 1145257 ACCIXJNTS l January 2023 to 31 Dember 2023
sARIs FOUNDATION INDEX TO ACcOUs PAGE Trusteeg thiual Reprt Independent Examinerfs Repjt stateffnt c* Hnancial Activths BaLie Sheet
sARIs FOUNDATION TRusfEES' ANNUAL REPORT The Trustees of The Savars ¥e pleased tr) Fwnt their Annual Rewrt and nanCIal Statements for the year ended 31 Decanta 2023. The finanoal Slatements ha¥t eri[ed in accordance wth the accountyng policies srt ¢Jrt cffi page 5 arKI cornpty wth the Trust Lked, the Cfvribe5 Pit 2011 and the Statement of Recommend&J Fracts. Acc(n0"ng aTrJ Rwing ty (hantie5 2LX15 R•f•r•n¢• and Admlnlstratkn Inlormato Narne of Cjwity RwJlstered Charlty Mo 1145257 Trult In•trum•nt ChatabTtst CeJ dated 19 Decemter 2011 Shefi. Ma9ar 9th FIr, l KnightstrI &een. Lond(m SWIX 7QA Samih 01 Naguib SJwiri5 lappJinted S Nwnt 9th Fkt)r, l KnlghtsLYldge Gen, Londcm SWIX 7QA Gallagher 9th Fkor. l Kni9htsMd9e Green, Lond( SWIX 7QA Tru•t Cohtset Imthers LLP 16 Old 8aley. Loth EC4M 7EG B•nk• Bardtys Bank I Churchill Pe E14 SHP Mc¥gan IntemaKJna Ba Ltd Solldtorn Wrthes LLP
sARIs FOUNDATION TRusfEES' ANNUAL REPORT Z Stru¢turffj Go¥wnanc• and Mana9•m•nt The FOundatiC Ss a registervj charity, number 1145257 and is conststuted under a trust deed dated 19 DetLynber 2011 Go¥ernanc• Trustees are awjoirted by Fwnder the Wer given to them the Trust Ceed estaLlislNNJ the Sawiris Foundation Management TheTruste¢5 arechorge(I wrth coTrJuthng the affairs ofthe charity b) Kcumulate hJrkJs to faolitste the makir4J of sustainable grants b) charitable 0]ects in the trustees give of thelr tyrne frth and ro trustee nnaOn was pald In the year. Ri•k M•n•g•m•rt A5 a makiry (hw, ts TnJstee5 (b Tr)t feel that the Trust 15 to any 9rfant n5k& ObJ•rt• The Tnjstees are Icoklng to bjlld up urCeS toersure that sustalnab kJrrfJmi grants (an iE made for proJe(ts to be setted In ts future. We have prepared the aCnts on pages 3 to 5 from the recortls maintained by us aThJ from infcfmatKJn SUppld by the bank. 4iprtrved by the Trustee5 io 2025and 51gneiJ thr Lhalf By Samkn N?3b Sw41ts (fnjstee)
sARIs FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES l to on my eIal ofthe Kcounts tt Sa"r {the Trust) ftx the year ended 31 crnber 2023. RwwislbllSt1•6 and b••h of r•wt As the drty trustees of the TrSt you reSble fcf ttr rKeprt rfthe accounts in acryjrdance ¥ the r4uIreftnts of the Chaiiknes kt 2011 fft P£ffJ. I repx)rt in respett of my examirHbon of the Trusvs carried out uThaer 145 of the 2011 Lt arKI in carrying out my exanination I have foIbvd all the applicable 'reiOnS en by the Chanty Commissv)n Uer sectw 145(5Xbl of the ACL Indep•ndent •Mmin•r'• •tst•m•nt I have Cometed my ey4rrination. I ctyffimi th Th) matets CO to my atten1J Mi conne¢ton wlth the examination gTriing me ca to belie that In material resgect counting wecords vtse nct k4x in respttt Lrf the Trt as Tred ty stttion 130 cl the Act,. or 2. trt accounts do not wlih thtye rtttyts,. the accounts do ncrt comth with the aw11 requlrements cortemiNJ the fomi ccfitent of a)unts Set wt In the Charfts IPm>unts and Repjrtsl R•Julatkns 2Th)8 cts than any rwulrerrnt that the accounts 9Ne a ue &)d fair vie whth s not a matter cc4)sldered as part of Independent examlrth. I have no (Mcer and ha come &Yoss no other fflatt Ai connwdon wlth the ¢¥amlnatlon to whlch atttkIn be drawn in this rept ki cth to enatle a understandkYJ the accounts b) te reached. Sln&J'. KevlTh Forsyth Memter ofthe Inltu c Chartered ACntants in Wa5 Address: 28 UFd5 Road, Ken, &Jrrty CR8 5EF Date.. 14 ¢kntr 2025
sARIs FOUNDATION STATEMENT OF FINANCIAL AcrIvrrIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Fund Prior Year Tcrtal Jnd5 Incomlng r•Murc chantse donats.or Investrrents incorre 62,348.02 0.00 Total In¢omlng r••our¢•• chal1the Aciivltlts LbJal and professial fees Interest pald 8ank char9es Total r••ourn• •xp•nd•d 679.20 811.20 0.00 rK0mlr41(out1Nj) reswrces befo other recognls8J gains and k6ses other recognimd gains and IosM Fign exchange galrGllb)ssesl Tot•1 •quSty 8aLIKes trfowht forwwd as at l January 2023 30.084.49 28,160.73 I• cwrl•d lon¥*rd at 31 O•c•mb•r 2023
sARIs FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2023 Tot•1 Fund• Prior Year Tctsl ndS Flx•d Auets Investmenrs at rnarket vaue Curr•nt A•wl• Barclays cash JP Morgan cash 66,922.61 4.567.83 Currnnt Uabllltl•# AftTh)unts fallirKJ due withln one R•pr•s•ntlng Funds: Unreth"¢ted The notes on pap 6 form of these
sARIs FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 l. Attountlng P¢A5dtss B••ls of w•p•rntlon: The accounts on py 3 to 4 have ten t¥epwed wrth referee to the tru#ee5' recorts In Kcordance wth.. (al The Charitles SORP 2(rfJ5. (b) The C3rItIeS ACL (cl The htstorlc cost basis a(crr0 exce0 Strnents wlh have been Snchjdtsj at revaluej amrAnt& (d) Assets and Lia'litIeS ¢Jenominated in US thlkws are translaied to sierling at the rate of excharoe wevailing at the reporUrKJ da. The Income expenses of forehan transacikjns are translated to sterllng at exchange r5 at dates ofthe Incornlng rewwrL Credfc15 tsken for InStment Income re1¥able thJdThJ the r. L M•Mo•m•nt nd ¢kninlrtrntlon of th• Chwlty L•Jal a)d profes¢fjal fees 3. Iom1j r•wM•rrn• 62,348.02 Bank interest rettNed tyc65 On 21 January 2014, a donatTron in the sum cl USD 100,000.00 was re1ved by the FoundatK*n aThJ has been Invest In the JP Mgan LiquKIty Fund, wrth redemptsors being made to meet Fwndati¢Jn commitsnents in subsequert rs. rfng 2023, donatlons to USD 6134&02 tAere raVe by the wth redemptlons Ing made to et FwndatSon commltrnents In subsequent 1$.