Charlty Number 1199077
Salata Family
Foundation
Trustees, report 2025

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
30

Trustees, Annual
Report

Trustees, Annual Report
The trustees present their report with the audited financial statement5 of the charity for the period ended
31 May 2025 and confirm they comply with the requirements of the Charities Act 2011, the Constitution
and the Charities SORP {FRS102).
Reference and Administrative Details
Charity Number 1199077
Principal Office
Salata Family Foundation
CIO Sedulo London Ltd
605 Albert House
256- 260 Old Street
London
ECIV 9DD
Solicitors
Bates Wells
10 Queen Street Place
London
EC4R 1BE
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
E149UD
Salata Family Foundatio

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 it5 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 of the projects that the Salata Family Foundation had anticipated funding, the Etonlstar partnership
continues to be indefinitely delayed,
A second project that the Salata Family Foundation anticipates funding is a Wellbeing Centre at
Wellington College, with a proposed gift of £5 mil 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 Citizènship 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. objectivesand future plans. Details of how the charityfulfilsthis 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 education81 projects
in sch¢)ols and colleges.
The Salata Centre will be the defining building within Wellington's new wellbeing campus and a major
step forward in Wellington's Excellence & Access strategy. It will brin9 together the following strands:
wellbeing, global awareness, the ethical use of Al, creativity and innovation, service to others, and the
ability to work and think ¢ollaboratively, These elements already sit at the heart of a Wellington education;
the Salata Centre will give them 8 dedicated home and the facilities they need to flourish.
Thebuilding itself will provideflexible, modernteaching spaces.. roomsforgroupworl(and interdisciplinary
projects,. areas designed for reflection and informal learning,. and a lecture and presentation hall for
workshops. talks and visiting speakers, It will sit alongside the new Counselling Suite and the Nutrition
Hub, creating a coherent cluster focused on wellbeing, character development and future-ready learning.
Salats F8mity F￿ndatIOn

Financial Review
The primary source of the charity's income is donations received from its trustee5. Out of the total
income of £15,000 received during the year, no grants were disbursed.
Funds will be donated and injected into the Foundation based on the planned donation programme as
required. The trustees aiTn 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 suff icient
lunds to address both support and governance costs.
The balance held in unrestricted funds as of 31st May 2025 was £5,328 (2024: £5,302)
The trustees have undertaken a review of the principal risks and uncertainties that the charity faces,
categorising the risks betweenlhoseaffecting the governanGe and managementofthe charity, operational
ri5k5, financial risks, reputational risks and those which occur because of circumstances outside of the
charity's control such as changes in govemment 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 mitisate 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 busines5 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 8 mental health counselling suite
as well as dance, health and litne55 Studios.
Following refinements to the planning process, the proposal is with the planners and we now anticipate
securing planning approval in Februarylmarch 2026. Construction is scheduled to begin in Juneljuly
2026.
Slllats Fami￿ Fourthlion

Structure, Governance and Management
SALATA FAMILY FOUNDATION 15 a Charitable Incorporated Organisation (CIO) governed by its
Constitution dated 7th March 2022 and it is a UK registered charityl11990771 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, ar)d who would not be disqualified from acting undèr the
provisions of constitution, may be appointed to be a Trustee by a resolution of the Members or by
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
rneetings, 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, as well a5 to ensure compliance with regulatory
requirements. A board of trustees administers the charity and meets at least once in a year.
Statementoftrustees, responsibilities in relationtothefinancialstatements
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 resource5 and application of
resources of the charity for that period. In preparing these fi'nancial statements, the trustees are required
to.,
seled suitable accounting policies and then apply them consistently,.
observe the method5 and principles in the Charities SORP,.
make judgements and estimates that are reasonable 8nd prudent,, state whether applicable UK
accounting standards have been followed,
subjed to any material departLbres 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.
Sa￿ts Famity Foundd

The trustees are responsible for keèping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and to enable them to ensure that the finar)cial
statements comply with the Charities Act 2011, the 8ppIic8ble 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 e8ch trustee ha5 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 of that information.
Signed on behalf of the charity's trustees
J.E. Salata Rothleder Trustee
2nh March 2026
Salala Famly Foundatiori

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 2025 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 2025 .and of its
profitlloss for the year then ended,
have been properly prepared in accordance with United Kingdom Generally Accepted
Accoursting Practice,. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)
and applicable law. Our responsibilities under those standards are further 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 requirementsthat are relevantto our auditofthe accounts in the UK. 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 rnonths 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.
S818to Family

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 appear5 to be materially misstated. If we identify such
material inconsistencies or apparent material misststemÈnts, we are required to determine whether
there is a material misstatement in the 8ccounts 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 explaine¢J 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, whèther 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.
S21ala Family Foundati

Auditor's responsibilities for the audit of the accounts
We have been appointed under the Charities Act 2011. s.145 and report in accordance with the regulations
made under the Act and relevant regulation5 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'5 report that includes our
opinion. Reasonable assurance is a high level of assurance but is not a guar8ntee that an audit conducted
in accordance with ISAS (UK) will alway5 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 be expected to influence the economic decisions of userstaken on the basis of these accounts.
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 m8nagement
and trustees and from our knowledge and experience ofthe 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 Charitie5
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 of compliance with the laws and regulations identified above through making
enquiries of the trustees and the review of minutes of meetings of the 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,
Sala18 Family Foundation

To address the risk of fraud through management bias and override of controls, we,,
Performed analyti¢al procedures to identify any unusual or unexpected relationships;
Tested and reviewed journal entries to identify unusual transactions,.
Carried out substantivè 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 of trustees,,
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
8nd 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 fr8ud 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.
Salata Family Found8uon

Use of this report
This report 15 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 8 body, for our audit work, lor this report, or
for the opinions we have formed.
Haroon Rafiqu8 (Senior Statutory Auditor)
For and behalf of Meer & Co Chartered Accountants and Statutory Auditors
I Cochrane House
Admirals Way, Canary Wharf
London E14 9UD
27th March 2026
Meer & Co Chartered Accountants is eligible for appointment as auditor in terms ofthe Companies Act
2006, s.1212.
Slllata Family Founthtion

Statement of
Financial Activities

Statement of Financial Activities
for the year ended 31 May 2025
Unrestrlcted
Funds
2025
Total
Funds
2025
Total
Funds
2024
Notes
Income and endowments from:
Donation and legacies
15.000
15.000
2.130.000
Total
15,000
15WOO
2.130.000
Expendlture on:
Charitable Activities
2.110.000
Other
14.974
14,974
20,146
Total
14.974
14.974
2,130.146
Net gains on investments
Net (expendlturo)Ilncom•
28
28
(146)
Transfer between funds
Net [expendlturelllncomo before
other gainsl(losess)
Other galns and losses
26
26
(146)
Net movement In fvnds
26
26
(146)
Reconcillatlon of funds:
Total funds brought forward
5,302
5,302
0,448
Total funds carried forward
5.328
5.328
5,302
S81ats Family Foundation

Balance Sheet

Balance Sheet
at 31 May 2025
2025
2024
Notes
Current Assets
Cash at bank and in hand
11,328
11,302
11,328
11.302
Creditors: Amount falling due withln
one year
Net current assets
(6,000)
(6,000)
5.328
5,302
Total current assets less curront
reliabllltles
Net assets excludlng pension a*8•t
or Ilablllty
Total net assets
5,328
5,302
5,328
5.302
11
5,328
5.302
The lunds ol the charfly
Re8trlcted funds
10
Unrostrlcted funds
10
G8neral funds
5,328
5,302
5.328
5,302
Reserves
10
Total funds
5.328
5.302
Approved by the trustees on 27th March 2026
And signed on their behalf by..
J.E Salata Rothleder
Trustee
2nh March 2026
Salata Farrily Found81

Statement of Cash
Flows

Statement of Cash Flows
for the year ended 31 May 2025
2025
2024
Cash flows from operating actlvllle$
Net incomel(expenditurel per Statement of Financi81
Activities
26
(148)
Adjustments for:
Increase in trade and other p8y8bles
Not cash (u￿d In)Iprovlded by operating actlvitles
28
(146)
Net (decrease)Ilncrea80 In ¢a$h and cash
equlvalents
Cash and ¢ash equivalents at the beglnning of the
year
Cash and cash equlvalents at the end of tho year
26
(146)
11.302
11.448
11.328
11.302
Componenls of cash and cash equlvalonts
Cash and bank balances
Il328
11,302
11,328
11,302
S3￿la Family Foundation
iio

Notes to the
Accounts

Notes to the Accounts
for the year ended 31 May 2025
Accounting policies
Basis of preparatlon
The financial statements have been prepared in accordance with Statement of Recommended Pr8Ctice'.
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) and the Charities Act 2011.
Change In basis of accountlng or to prevlous accounts
There has been no change to the accounting policies (valuation rulès and method ol accounting) since
last year and no Changes have been made to accounts for previous years.
Fund accounting
Unrestrlcted funds
These are available for use at the discretion of the trustees in furtherance of the general objects of the
charity.
De81gnated funds
These are unrestricted fund5 earmarked by the trustees for particular purposes.
Revaluatlon funds
These are unrestricted funds which include 8 revalu8tion reserve representing the restatement of
investment assets at their market Values.
Restrletad funds
These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
Recognltlon of Income
Income is included in the Statement of Financial A¢tivities {SoFA) when the charity becomes entitled
to, and virtU811y certain to receive, the income and the amount of the income can be measured with
sufficient reliability
Incoffle with related expenditure
Where income has related expenditure the income and related expenditure is reported gross in the
Statement ol Financial Activities (SOFAI.
Donations and legacies
Voluntary income received by way of grants, donations and gifts is included in the Ihe SOFA when
receivable and only when the Charity has unconditional entitlement to the income,
S8lata Family Fourbd8tion

Notes to the Accounts
for the year ended 31 May 2025
Tax reclaims on donations and gifts
Incoffle 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 benefit to the
Charity is reasonably quantifiable. measurable and material.
Volunteer help
The valu8 of any volunteer help received is not included in the accounts.
Investment income
This is included in the accounts when receivable.
Galnsl(1088as) on rovaluatlon of fixed assets
This includes any gain or loss resulting from revaluing investments to market value at the end of the year.
Galnsl(losses) on Investment assets
This includes any gain or loss on the sale of investments.
Expenditure
Re¢ognltlon ol expenditure
Expenditure is recognised on an annual basi5. Expenditure includes any VAT which cannot be fully
recovered, and is reported as part of the expenditure to which it relates,
Expenditure on ralslng funds Expenditure on charitable activitles
These comprise the costs associated with attracting voluntary income, fundraising trading cosls and
investment management costs.
Expendlturo on charitable activltles
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 basi5 plus an accrual for grants that have been
approved by the trustees at the end of the year but not yet paid.
Governance costs
Thèse 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.
Salats Family Foundation
123

Notes to the Accounts
for the year ended 31 May 2025
Taxation
The charity is exempt from tax on it5 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 Crndltors
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
transfer of fundsto a third party and the amount due to settle the obligation can be ffleasured or estimated
reliably. Creditors and provisions are normally recognised at their settlement emount after allowing for
any trade discounts due.
Forelgn ¢urrencles
Monetsry 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 taken into account in arriving at net
incomelexpenditure.
Recelpt ol donated goods. facillties and 8ervlceg
All donated goods, facilities and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charity,
sa￿ta Family Found8tity7

Notes to the Accounts
for the year ended 31 May 2025
Statement of Financial Activities - prior year
Unrestrlcted
Funds
2024
Total
Fund8
2024
Income from:
Dontations
2.130,000
2.130.000
Total
2,130,000
2.130.000
Expendlture on:
Charitable activities
2,110,000
2.110.000
Other
20,146
20.146
Total
2.130.148
2,130,148
Net expenditure
(146}
(146)
Net income before othor galn81
(losses)
Other galns and10889$
(146)
(146)
Not movement In funds
(146)
(146)
Reconciliatlon of funds:
Total funds brought forward
5,448
5,448
Totsl funds carried forward
5,302
5.302
Sjlots Family Foundation

Notes to the Accounts
for the year ended 31 May 2025
Income from donations
Unrestricted
Total
2025
Total
2024
Donation5 Received
15.000
15,000
2.130,000
15,000
15.000
2,130.000
Expenditure on charitable activities
Unrestricted
2025
Total
2025
Total
2024
Grants made
2,110,000
2.110.000
Sa￿8 F8mlly FtyJnd8ti

Notes to the Accounts
lor the year ended 31 May 2025
Analysis of grants
Actlvlty or programme
Grants to
institutions
Total
2025
Total
2024
Grant-Eton College
2,000,000
Sustainability and Environmental
Education (SEED)
The PTI
60,000
50,000
2.110.000
The grant to Eton College is to refurbish and improve the School H811 and its related facilitie5.
Other expenditure
Unrestricted
Total
2025
Total
2024
Ger)eral administrative costs
481
481
301
Legal and professional costs
14,493
14.493
19.845
14.974
14,974
20.146
S81qts Family FwrO8lK>

Notes to the Accounts
tor the year ended 31 May 2025
Net (expenditure)/income before transfers
2025
2024
This is stated after charging,. Auditors,
remuneration
6.000
6,000
Staff costs
There wer8 no employees during the period.
Creditors, amounts falling due within one year:
2025
2024
Accruals- Audit Fee
8,000
8,000
6,000
8.000
Soljla Farnity FOu￿tkA)

Notes to the Accounts
for the year ended 31 May 2025
10 Movement in funds
At 1 June
2024
Incoming
resourc89
(includlng
other gain8llosses}
Aesourc•s
expended
At31
May 2025
Restrlcted Funds:
Unrestrlcted Funds:
General funds
5,302
15,000
{14,974)
5,328
Tolal Fund8
5.302
15,000
(14.974)
5.328
11 Analysis of net assets between funds
Unre8tricl•d
funds
2025
Total
2025
Net current assets
5.328
5,328
5.328
5.328
SJlat4 Fjrnily Foundation
129

Detailed Statement of
Financial Activities

Detailed Statement of Financial Activities
Unrestricted
Funds
2026
Total
Funds
2025
Total
Funds
2024
Income and endowments from:
Donation and legacies
10.000
15.000
15.000
15.000 2,130.000
15,000 2.130,000
15,000 2,130.000
Total income and endowments
Expenditure on:
Charitable Activities
Grants made
2,110,000
2.110.000
Total Expenditurg on charltable activltles
Bank Charges
2,110,000
301
481
481
481
481
301
Legal and professional costs
Audit fees
Other legal and professional costs
6,000
8.493
14.493
14.974
14,974
8.000
8.493
14.493
14,974
14.974
6,000
13.845
19.845
20,146
2,130.146
Totsl expendlture of other costs
Total expendlture
Net gain on investments
Net {expendlture)lincome
Net income bolore other gainsllosses
other gains
26
26
(148)
(146)
26
26
Net movement In funds
26
26
(146)
Roconclllation of funds:
Total funds brought forward
Total lunds carried forward
5.302
5.328
5.302
5.328
5.448
5.302
Salats Family Fowdation

Salata Family
Foundation
Charity Number 1199077