Charity Number 1199077
Salata Family
Foundation
Trustees, report 2024

Contents
Trustees, Annual Report
Auditor's Report
Statement of Financial Activities
15
Balance Sheet
17
Statement of Cash Flows
19
Notes to the Accounts
21
Detailed Statement of Financial Activities
29

Trustees, Annual
Report

Trustees, Annual Report
The trustees present their report with the audited financial statements of the charity for the period ended
31 May 2024 and confirm they comply with the requirements of the Charities Act 2011, the Constitution
and the Charities SORP (FRS 102).
Reference and Administrative Details
Charity Number 1199077
Principal Office
Salata Family Foundation
CIO Bates Wells
10 Queen Street Place
London
Solicitors
Bates Wells
10 Queen Street Place
London
EC4R IBE
EC4R IBE
Trustees
The following trustees served during the year..
M. Genieser
M. Pong
J.E Salata Rothleder
J,Simons
Lord W.A. Waldegrave
Auditor
Meer & Co Chartered Accountants
1 Cochrane House
Admirals Way
Canary Wharf
London
E14 9UD
Salat8 F&mily Foundation

Objectives and Activities
The purpose of the charity as set out in its governing document is to provide grants to a variety of
organizations that it decides will best benefit from funding within its charitable purposes, including
schools as an initial focus, providing grants to help them further their charitable activities. The objects of
the Foundation are to advance such charitable purposes (according to the laws of England and Wales)
as the trustees see fit.
One ofthe projectsthatthe Salata Family Foundation had anticipated funding, the Eton/Star partnership
has been delayed,
A second project that the Salata Family Foundation anticipates funding is a Wellbeing Centre at
Wellington College, with a proposed gift of £5mil lion (five million pounds) over a five year period, with
gift distribution commencing the June following when planning permission is granted. The Salata Centre
will be a home for Global Citizenship and Climate Education.
The trustees confirm that they have referred to the Charity Commission's guidance on public benefit in
reviewing the charity's aims, objectives and future plans. Details of how the charity fulfilsthis responsibility
are given above and, in the activities and performance section below;
Achievements and Performance
The Foundation intends to make grants to fund projects which support its objectives, including providing
funding for educational institutions and programmes, As a grant-making foundation, the Foundation's
general charitable purposes will enable it to support a wide range of charitable activities, The key areas
of charitable activity which the Foundation wishes to focus on in the short term are educational projects
in schools and colleges.
As has been publicised already, Eton College and Star Academies Trust have signed a partnership
agreement and the Foundation anticipates following the Etonlstar partnership developments,
Morespecifically,sinceOctober 2024thegovernmentfundingforWave15 ofthe Free Schools programme
has been on indefinite hold. The Department for Education is currently conducting a review of funding
and the Eton Star Partnership made a powerful submission outlining the many benefits the project
offered Teesside, Dudley and Oldham. This was buttressed with evidence of the economic benefits and
the positive reception the project had received in all three localities. Eton College and Star Academies
continue to work closely together around this project and maintain their links with each community.
However, the process of the review is opaque and after an initial suggestion that decisions would be
forthcoming early this year the indications are now that the review could proceed slowly with no firm
date for its conclusion, Eton and Star continue to do what they can to encourage a positive outcome but
their options are limited at the moment.
Salat8 F&mily Foundation

Financial Review
The primary source of the charity's income is donations received from its trustees, Out of the total
income of £2,130,000 received during the year, grants amounting to £2,110,000 were disbursed.
Funds will be donated and injected into the Foundation based on the planned donation programme as
required. The trustees aim to uphold a reserve of unrestricted funds at a level equivalent to approximately
three months of governance costs. The trustees believe that maintaining this level will ensure sufficient
funds to address both support and governance costs.
The balance held in unrestricted funds as of 31st May 2024 was £11,30212023'. £11,448)
The trustees have undertaken a review of the principal risks and uncertainties that the charity faces,
categorisingthe risksbetween thoseaffectingthegovernanceand managementofthecharity,operational
risks, financial risks, reputational risks and those which occur because of circumstances outside of the
charity's control such as changes in government policy, laws and regulations. They regularly review the
measures already in place, or needing to be put in place, to establish policies, systems and procedures
to mitigate those risks identified in the annual review and ensure that action is taken to implement
changes to those policies, systems and procedures should they be needed to minimise or manage any
potential impact on the charity should those risks materialise.
Having assessed the major risks to which the charity is exposed, the trustees believe that by monitoring
reserve levels, by ensuring controls exist over key financial systems, and by examining the operational
and business risks faced by the charity, they have established effective systems to mitigate those risks.
Plans for Future Periods
The Foundation will provide support to schools and educational institutions, which will improve the
students, education and lives more generally, The Foundation proposes to provide support to a variety
of schools throughout England and Wales.
Additionally, the foundation is also following the progress that Wellington College is making with the
Wellbeing Centre, The Salata Centre,:
The Salata Centre will be part of the new campus which will have a nutrition hub, 'Grubbies' that will
have a teaching kitchen and teaching spaces. In addition, there will be a mental health counselling suite
as well as dance, health and fitness studios. Final planning approval is expected in November 2025 and
completion expected in April 2028.
Salat8 F&mily Foundation

Structure. Governance and Management
SALATA FAMILY FOUNDATION is a Charitable Incorporated Organisation (CIO) governed by its
Constitution dated 7th March 2022 and it is a UK registered charity {11990771 with the Charity Commission.
The foundation was registered with the Charity Commission on 25 May 2022.
The Trustees consist of the Founder of the Foundation, Mr Salata with his wealth of experience in
philanthropy activity, the distinguished Lord Waldegrave, Ms Melania Pong, Ms Martha Genieser and
Mr. Jonathan Simons.
Any person who is willing to act as a Trustee, and who would not be disqualified from acting under the
provisions of constitution, may be appointed to be a Trustee by a resolution of the Members or by a
decision of the Founder notified in writing to the Trustees.
The Board of Trustees takes responsibility for general management and control of the charity and to
ensure that it operates within the guidelines dictated by the Charity Commission and its own governing
documents.
A board of trustees meets annually to discuss and review the operations of the charity. At these
meetings, they also make appropriate decisions regarding the operation of the charity and its activities.
As part of their responsibilities, they approve the grants and the viability of the projects that have been
implemented or are in the process of being implemented, aswell as to ensure compliancewith regulatory
requirements. A board of trustees administers the charity and meets at least once in a year.
Statementof trustees. responsibilities in relationtothefinancial statements
The charity trustees are responsible for preparing a trustees, annual report and financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice),
The law applicable to charities requires the charity trustees to prepare financial statements which give
a true and fair view of the state of affairs of the charity and of the incoming resources and application of
resources of the charity for that period. In preparing these financial statements, the trustees are required
to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP:
make judgements and estimates that are reasonable and prudent; state whether applicable UK
accounting standards have been followed,
subject to any material departures disclosed and explained in the financial statements,.
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in business,
Salat8 F&mily Foundation

The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the f inancial position of the charity and to enable them to ensure that the f inancial
statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports)
Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the
assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and
other irregularities.
Statement of disclosure of information to auditor
So far as the trustees are aware, there is no relevant audit information of which the charity's auditors are
unaware and each trustee has taken all the steps that he or she ought to have taken as a trustee in order
to make himself or herself aware of any relevant information and to establish that the charity's auditors
are aware ofthat information.
Signed on behalf of the charity's trustees
J,E. Salata Rothleder Trustee
26 March 2025
Salat8 F&mily Foundation

Auditor's Report

Auditor's Report
Opinion
We have audited the accounts of SALATA FAMILY FOUNDATION (the 'charity'l for the year ended 31
May 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of
Cash Flows and the Notes to the Accounts, including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the
UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice).
In our opinion the accounts.,
give a true and fair view of the state of the charity's affairs as at 31 May 2024, and of its
incoming resources and application of resources for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice,, and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We condLJCted our audit in accordance with International Standards on Auditing (UK} (ISAS (UK)
and applicable law. Our responsibilities under those standards are f urther described in the Auditor's
responsibilities for the audit of the accounts section of our report, We are independent of the charity in
accordance with the ethical requirements that are relevant to our auditof the accounts in the U K, including
the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with
these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate
to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the accounts, we have concluded that the trustees, use of the going concern basis of accounting
in the preparation of the accounts is appropriate,
Based on the work we have performed, we have not identified any material uncertainties relating to events
or conditions that, individually or collectively, may cast significant doubt on the group and parent charity's
ability to continue as a going concern for a period of at least 12 months from when the accounts are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in
the relevant sections of this report.
Salat8 F&mily Foundation

Other Information
The other information comprises the information included in the annual report, other than the accounts
and our auditor's report thereon. The trustees are responsible for the other information.
Our opinion on the accounts does not cover the other information and we do not express any form of
assurance conclusion thereon.
In connection with our audit of the accounts, our responsibility is to read the other information and, in
doing so, consider whether the other information is materially inconsistent with the accounts or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such
material inconsistencies or apparent material misstatements, we are required to determine whether
there is a material misstatement in the accounts or a material misstatement of the other information. If,
based on the work we have performed, we conclude that there is a material misstatement of this other
information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities {Accounts
and Reports) Regulations 2008 requires us to report to you if, in our opinion..
the information given in the accounts is inconsistent in any material respect with the trustees,
report,, or
sufficient accounting records have not been kept,, or
the accounts are not in agreement with the accounting records,. or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement found in the trustees. report, the
trustees are responsible for the preparation of accounts which give a true and fair view, and for such
internal control as the trustees determine is necessary to enable the preparation of accounts that are
free from material misstatement, whether due to fraud or error,
In preparing the accounts, the trustees are responsible for assessing the charity's ability to continue as a
going concern, disclosing, as applicable, matters related to going concern and using the going concern
basis of accounting unless the trustees intend to liquidate the charity or to cease operations, or have no
realistic alternative but to do so.
Salat8 F&mily Foundation

Auditor's responsibilities for the audit of the accounts
We have been appointed underthe Charities Act 2011, s.145 and report in accordance with the regulations
made under the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted
in accordance with ISAS IUKI will always detect a material misstatement when it exists, Misstatements
can arise from fraud or error and are considered material if, individually or in the aggregate, they could
reasonably beexpected to influencetheeconomicdecisionsofuserstaken on the basisoftheseaccounts.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud, The extent to which our procedures are capable of detecting irregularities,
including fraud is detailed below,.
How the audit was Considered capable of detecting irregularities including fraud
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities,
including fraud and non-compliance with laws and regulations, was as follows,.
The engagement principal ensured that the engagement team collectively had the appropriate
competence, capabilities and skills to identify or recognize non-compliance with applicable laws
and regulations,,
We identified the laws and regulations applicable to the charitythrough discussions with management
and trustees and from our knowledge and experience of the charity sector,.
We focused on specific laws and regulations which we considered may have a direct material effect
on the accounts or the activities of the charity. These included but were not limited to the Charities
Act 2011,, Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable to
the United Kingdom and Republic of Ireland (FRS 102),. and
We assessed the extent ofcompliancewith the laws and regulations identified above through making
enquiries of the trustees and the review of minutes of meetings ofthe trustees.
We assessed the susceptibility of the charity's financial statements to material misstatement,
including obtaining an understanding of how fraud might occur, by:
Making enquiries of the trustees as to where they considered there was susceptibility to fraud and
their knowledge of actual, suspected and alleged fraud,. and
Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws
and regulations,
Salat8 F&mily Foundation

To address the risk of fraud through management bias and override of controls, we..
Performed analytical procedures to identify any unusual or unexpected relationships,.
Tested and reviewed journal entries to identify unusual transactions,,
Carried out substantive testing of expenditure,. and
Investigated the rationale behind significant or unusual transactions. In response to the risk of
irregularities and non-compliance with laws and regulations, we designed procedures which
included, but were not limited to..
Reviewing the minutes of meetings oftrustees,.
Enquiring of management as to actual and potential litigation and claims,, and
Agreeing accounts disclosures to underlying supporting documentation.
As a result of our procedures, we did not identify any key audit matters relating to irregularities.
There are inherent limitations in our audit procedures described above. The more removed that laws
and regulations are from financial transactions, the less likely it is that we would become aware of
noncompliance. Auditing standards also limit the audit procedures required to identify non-compliance
with laws and regulations to enquiry of the trustees and other management and the inspection of
regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error
as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the accounts is located on the Financial
Reporting Council's website at www,frc,org,uklauditorsresponsibilities, This description forms part of
our auditor's report.
Salat8 F&mily Foundation

Use of this report
This report is made solely to the charity's trustees, as a body, in accordance Part 4 of the Charities
{Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state
to the charity's trustees those matters we are required to state to them in an auditors, report and for
no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or
for the opinions we have formed,
Haroon Rafique (Senior Statutory Auditor)
For and behalf of Meer & Co Chartered Accountants and Statutory Auditors
I Cochrane House
Admirals Way, Canary Wharf
London E14 9UD
26 March 2025
Meer & Co Chartered Accountants is eligible for appointment as auditor in terms of the Companies Act
2006, s.1212.
Salat8 F&mily Foundation

Statement of
Financial Activities

Statement of Financial Activities
for the year ended 31 May 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Notes
Income and endowments from:
Donation and legacies
2,130.000
2,130,000
1,230,035
Total
2.130.000
2.130.000
1.230.035
Expenditure on:
Charitable Activities
2,110,000
2,110,000
1,200,000
Other
20.146
20.146
24.587
Total
2,130,146
2,130,146
1,224,587
Net gains on investments
Net {expenditure)lincome
(146)
(146)
5,448
Transfer between funds
Net (expenditurellincome before
other gainsl(losess)
other gains and losses
(146)
(146)
5,448
Net movement in funds
(146)
(146)
5,448
Reconciliation of funds:
Total funds brought forward
5.448
5.448
Total funds carried torward
5.302
5.302
5.448
Salat8 F&mily Foundation

Balance Sheet

Balance Sheet
at 31 May 2024
Unrestricted
funds
2024
Unrestricted
funds
2023
Notes
Current Assets
Cash at bank and in hand
11.302
11.448
11,302
11.448
Creditors: Amount falling due within
one year
Net current assets
(6.000)
(6.000)
5.302
5,448
Total current assets less current
reliabilities
Net assets excluding pension asset
or liability
Total net assets
5,302
5,448
5.302
5,448
5.302
5.448
The funds of the charity
Restricted funds
10
Unrestricted funds
10
General funds
5,302
5,448
5.302
5.448
Total funds
5.302
5,448
Approved by the trustees on 26 March 2025
And signed on their behalf by:
J,E. Salata Rothleder
Trustee
26 March 2025
Salat8 F&mily Foundation

Statement of Cash
Flows

Statement of Cash Flows
for the year ended 31 May 2024
2024
2023
Cash flows from operating activities
Net income per Statement of Financial Activities
(146)
5,448
Adjustments for:
Increase in trade and other payables
6,000
Net cash {used in)/provided by operating activities
(146)
11.448
Net {decrease)lincrease in cash and cash
equivalents
Cash and cash equivalents at the beginning ol the
year
(146)
11,448
11.448
Cash and cash equivalents at the end of the year
11,302
11,448
Components of cash and cash equivalents
Cash and bank balances
11,302
11,448
11,302
11,448
Salat8 F&mily Foundation
120

Notes to the
Accounts

Notes to the Accounts
for the year ended 31 May 2024
Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the U K and Republic if Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds
These are available for use at the discretion of the trustees in furtherance of the general objects of the
charity.
Designated funds
These are unrestricted funds earmarked by the trustees for particular purposes.
Revaluation funds
These are unrestricted funds which include 8 revaluation reserve representing the restatement of
investment assets at their market values,
Restricted funds
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Income
Recognition of income
Income is included in the Statement of Financial Activities (SOFA) when the charity becomes entitled
to, and virtually certain to receive, the income and the amount of the income can be measured with
suff icient reliability
Income with related expenditure
Where income has related expenditure the income and related expenditure is reported gross in the
Statement of Financial Activities (SOFA).
Salat8 F&mily Foundation
122

Notes to the Accounts
for the year ended 31 May 2024
Donations and legacies
Voluntary income received by way of grants, donations and gifts is included in the the SOFA when
receivable and only when the Charity has unconditional entitlement to the income,
Tax reclaims on donations and gifts
Income from tax reclaims is included in the SOFA at the same time as the giftldonation to which it relates.
Donated services and facilities
These are only included in income {with an equivalent amount in expenditure) where the benef it to the
Charity is reasonably quantifiable, measurable and material.
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment income
This is included in the accounts when receivable,
Gains/(losses) on revaluation of fixed assets
This includes any gain or loss resulting from revaluing investments to market value at the end of the year.
Gains/(losses) on investment assets
This includes any gain or loss on the sale of investments.
Expenditure
Recognition of expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully
recovered, and is reported as part of the expenditure to which it relates.
Expenditure on raising funds
These comprise the costs associated with attracting voluntary income, fundraising trading costs and
investment management costs.
Expenditure on charitable activities
These comprise the costs incurred by the Charity in the delivery of its activities and services in the
furtherance of its objects, including the making of grants and governance costs.
Grants payable
All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been
approved by the trustees at the end of the year but not yet paid.
Governance costs
These include those costs associated with meeting the constitutional and statutory requirements of the
Charity, including any audit/independent examination fees, costs linked to the strategic management of
the Charity, together with a share of other administration costs,
Other Expenditure
These are support costs not allocated to a particular activity.
Salat8 F&mily Foundation

Notes to the Accounts
for the year ended 31 May 2024
Taxation
The charity is exempt from tax on its charitable activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments with original maturities of three months or less and bank overdrafts.
In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the charity's cash management
Trade and other creditors
Short term creditors are measured at the transaction price, Other creditors and provisions are recognised
where the charity has a present obligation resulting from a past event that will probably result in the
transferoffundstoa third partyandthe amountdueto settlethe obligation can be measured orestimated
reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for
any trade discounts due.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions
in currencies other than the functional currency of the charity are recorded at the rate of exchange on
the date that the transaction occurred. All exchange differences are are taken into account in arriving at
net incomelexpenditure
Receipt of donated goods. facilities and services
All donated goods, facilities and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charity.
Salat8 F&mily Foundation

Notes to the Accounts
for the year ended 31 May 2024
Statement of Financial Activities - prior year
Unrestricted
funds
2023
Total
funds
2023
Income from:
Dontations
Total
1,230,035
1,230,035
1.230.035
1.230.035
Expenditure on:
Charitable activities
1.200.000
1.200.000
Other
24.587
24,587
Total
1.224.587
1.224,587
Net income
5.448
5,448
Net income before other gains
other gains
Net movement in funds
5.448
5.448
5.448
5.448
Reconciliation of funds:
Total funds carried forward
5,448
5,448
Income from donations
Unrestricted
Total
2024
Total
2023
Donations Received
2,130,000
2,130,000
1,230,035
2.130.000
2.130.000
1.230.035
Salat8 F&mily Foundation

Notes to the Accounts
for the year ended 31 May 2024
Expenditure on charitable activities
Unrestricted
2024
Total
2024
Total
2023
Grants made
2,110,000
2,110,000
1,200,000
2.110.000
2.110.000
1,200.000
Analysis of grants
Activity or programme
Grants to
institutions
Total
2024
Total
2023
Grant-Eton College
2,000.000
2.000.000
1,200.000
Sustainability and Environmental
Education (SEED)
The PTI
60,000
60,000
50.000
50.000
2,110.000
2.110.000
1,200,000
The grant to Eton College is to refurbish and improve the School Hall and its related facilities,
Salat8 F&mily Foundation

Notes to the Accounts
for the year ended 31 May 2024
Other expenditure
Unrestricted
2024
Total
2024
Total
2023
General administrative costs
301
301
277
Legal and professional costs
19.845
19,845
24,310
20,146
20,146
24,587
Net (expenditure)/income before transfers
2024
2023
This is stated after charging,. Auditors,
remuneration
6.000
6.000
Staff costs
There were no employees during the period.
Creditors, amounts falling due within one year:
2024
2023
Accruals
6.000
6.000
6,000
6,000
Salat8 F&mily Foundation
127

## **Notes to the Accounts** 

## **for the year ended 31 May 2024** 

## **10 Movement in funds** 

||**At1June**|**Incoming**|**Resources**|**At31**|
|---|---|---|---|---|
||**2023**|**resources**|**expended**|**May2024**|
|||**{ including other**|||
|||**gains/losses)**|||
|||£|£|£|
|**Restricted Funds:**|||||
|**Unrestricted Funds:**|||||
|**General funds**|**5,448**|**2,130,000**|**{2,130,146)**|**5,302**|
|**Ttal Funds**|**5,448**|**2,130,000**|**{2,130,146)**|**5,302**|



## **11 Analysis of net assets between funds** 

||**Unrestricted**|**Total**|
|---|---|---|
||**funds**|**2024**|
||**2024**||
||£|£|
|Net current assets|**5,302**|**5,302**|
||**5,302**|**5,302**|



Salata Family Foundation I 28 



Detailed Statement of
Financial Activities

Detailed Statement of Financial Activities
for the year ended 31 May 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Income and endowments from:
Donations
2,130,000
2.130.000
2,130,000
2.130.000 1.230,035
2.130,000 1,230,035
2.130.000 1.230,035
Total income and endowments
Expenditure on:
Charitable Activities
Grants made
2.110.000
2.110,000
2.110.000 1.200.000
2,110.000 1.200.000
Total Expenditure on charitable activities
Bank Charges
2.110.000
2.110.000 1.200,000
301
301
277
301
301
277
Legal and professional costs
Audit fees
6.000
13.845
19,845
20.146
2,130,146
6.000
6.000
13.845
18.310
19.845
24,310
20,146
24.587
2.130.146 1.224.587
Other legal and professional costs
Total expenditure of other costs
Total expenditure
Net gain on investments
Net (expenditurellincome
{146}
(146)
5,448
Net income before other gains/losse$
Other gains
{146)
(146)
5,448
Net movement in funds
{146)
(146)
5,448
Reconciliation of funds:
Total funds brought forward
Total funds Carried torward
5,448
5.302
5,448
5.302
5,448
Salat8 F&mily Foundation

Salata Family
Foundation
Charity Number 1199077