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2022-12-31-accounts

DocuSign Envelope ID: 21CC4C70-C71B-4310-BD2A-2975B6962755

Trustees’ Annual Report for the period

From: 09/06/2022 To: 31/12/2022

Charity name: The GSR Foundation

Charity registration number: 1199228

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 To advance such charitable purposes
(according to the law of England and Wales)
as the trustees see fit from time to time for
the public benefit and by the making of
grants and awards towards, in particular but
not limited to, advancing education and
promoting
diversity
and
equality
of
opportunity in the areas of 1) business and
entrepreneurship,
and
2)
science,
technology, engineering, and mathematics.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 The purposes of the charity will primarily be
achieved through a strategic programme of
grant making.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 When planning the future activity for the
charity, the Trustees take all due
regard to the Charity Commission’s general
guidance on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38 The GSR Foundation can only fund
projects and activities that are exclusively
charitable and fall within the objects of the
GSR Foundation.
The number of applications which can be
supported by The GSR Foundation is, by
necessity, limited to the amount of funds
available for distribution in line with the
general reserves policy.

DocuSign Envelope ID: 21CC4C70-C71B-4310-BD2A-2975B6962755

The CIO Trustees will set-aside an annual
budget for grant giving which will be
reviewed at least annually to ensure
appropriate allocation.
In practice, we interpret our objects as
follows. With the breadth of our work, it is
highly likely that the number of viable
projects will exceed the funding we have
available, so the trustees use the following
criteria to help them in making decisions on
how best to allocate funding.

Does the charity have a strong
understanding of specific barriers to
participation in the B&E and/or
STEM spaces?

Have they developed (or are they
developing) viable and scalable
solutions to these barriers?

Have they identified a population
group that experiences additional
barriers to access? Or if their
product serves the whole population
- how do they ensure delivery
doesn’t reinforce existing barriers,
and that participation is both
equitable and equal?

Are they committed to learning and
working with the GSR Foundation
as a collaborative partner?

Do they have a strong track record
of success, or do they have a
convincing forecast of results?

Are solutions co-created with the
populations they serve?

Does the charity exercise
appropriate financial safeguards,
and/or do the accounts show a
financially viable entity?
Policy on social investment
including program related
investment		 Para 1.38
Contribution made by
volunteers		 Para 1.38
Other

Docusign En¥ÈlopÈ ID". 21CC4C70-C7184310-BD2A-297586962755

DocuSign Envelope ID: 21CC4C70-C71B-4310-BD2A-2975B6962755

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 The GSR Foundation was registered in
2022 in preparation for work in furtherance
of the objects to start in Q1 2023.
As such, the GSR Foundation undertook
no work in 2022, and incurred no income or
expenditure.
Additional information (optional)
You may choose to include further statements		 Additional information (optional)
You may choose to include further statements		 where relevant about:
Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

DocuSign Envelope ID: 21CC4C70-C71B-4310-BD2A-2975B6962755

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 The GSR Foundation had no income or
expenditure in 2022.
Statement explaining the
policy for holding reserves
statingwhy they areheld		 Para 1.22 The GSR Foundation held no reserves in
2022.
Amount of reserves held Para 1.22 Nil
Reasons for holding zero
reserves		 Para 1.22 The GSR Foundation had no income or
expenditure in 2022.
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 The CIO will receive pledged funding in
2023 and as such there is no concern
about the CIO continuing to operate.
Additional information (optional)
You may choose to include further statements		 Additional information (optional)
You may choose to include further statements		 where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 From 2023 on, the GSR Foundation will be
funded by a corporate donation from GSR.
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

DocuSign Envelope ID: 21CC4C70-C71B-4310-BD2A-2975B6962755

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 The GSR Foundation has a constitution as
a governing document.
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 The GSR Foundation is a CIO.
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 GSR International Limited (the founder and
sole funder of the GSR Foundation CIO)
may appoint one charity trustee. Other
trustees are appointed by open recruitment
processes and are selected on the basis of
the skills and experience they bring. To
ensure the Foundation’s independence, the
CIO must always have a minimum of two
independent trustees appointed at any
given time when the CIO is operational.
Additional information (optional) Additional information (optional) Additional information (optional)
You may choose to include further statements where relevant about:
Trustees are given an induction and an
operating manual by the CIO’s Executive
Policies and procedures Director. Close contact is maintained, and
adopted for the induction Para 1.51 appropriate training is available as
and training of trustees required.
Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51 Trustees are given an induction and an
operating manual by the CIO’s Executive
Director. Close contact is maintained, and
appropriate training is available as
required.
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51 The GSR Foundation is an independent
CIO.
Relationship with any
related parties		 Para 1.51 The GSR Foundation is wholly independent
in its decision-making, but maintains a
close working relationship with GSR
International Ltd.
Other

Reference and Administrative details

Charityname The GSR Foundation
Other name the charity uses N/A
Registered charitynumber 1199228
Charity’s principal address The GSR Foundation, 3rdFloor, 65 Curzon St, London, W1J
8PE

DocuSign Envelope ID: 21CC4C70-C71B-4310-BD2A-2975B6962755

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee(if any)
Nadia Gil Chair 09/06/2022
Eva Sanchez
Munoz		 09/06/2022
Jakob Kule
Palmstierna		 09/06/2022

Corporate trustees – names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

DocuSign Envelope ID: 21CC4C70-C71B-4310-BD2A-2975B6962755

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address
**adviser **

Name of chief executive or names of senior staff members (Optional information)

James Newell, Executive Director

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

DocuSign Envelope ID: 21CC4C70-C71B-4310-BD2A-2975B6962755

Declarations

The trustees declare that they have approved the trustees’ report above.

The trustees declare that they have approved the trustees’ report above. The trustees declare that they have approved the trustees’ report above. The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s)
Full name(s)Nadia Gil
Eva Sanchez Munoz
Position (eg Secretary,
Chair, etc)
Chair
Trustee
Date22/08/2003
Nadia Gil Eva Sanchez Munoz


Chair		 Trustee
22/08/2003
22/08/2003

Signed on behalf of the charity’s trustees

DocuSign Envelope ID: 21CC4C70-C71B-4310-BD2A-2975B6962755

Charity Name No (if any) THE GSR FOUNDATION 1199228

Receipts and payments accounts

CC16a

For the period Period start date Period end date To from 6/9/2022 12/31/2022

Section A Receipts and payments

Unrestricted Restricted Endowment funds funds funds

Total funds Last year

to the nearest £

to the nearest £ to the nearest £ to the nearest £ to the nearest £

A1 Receipts

A1 Receipts
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total(Gross income for
AR)		 - - - - -
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
**Total receipts ** - - - - -

A3 Payments

A3 Payments
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
**Sub total ** - - - - -
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
**Sub total ** - - - - -
**Total payments ** - - - - -
Net of receipts/(payments) - - - - -
A5 Transfers between funds - **- ** - - -
A6 Cash funds last year end - - - - -
Cash funds this year end - - - - -

Section B Statement of assets and liabilities at the end of the period CCXX R1 accounts (SS) 1

8/21/2023

DocuSign Envelope ID: 21CC4C70-C71B-4310-BD2A-2975B6962755

Categories
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds		 Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details		 Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details		 Unrestricted
funds
to nearest £		 Unrestricted
funds
to nearest £		 Restricted
funds
to nearest £		 Restricted
funds
to nearest £		 Endowment
funds
to nearest £
- - -
- - -
- - -
- - -
OK
Endowment
funds
to nearest £
- - -
- - -
- - -
- - -
- - -
- - -
Details
Details		 Fund to which
asset belongs
Fund to which
asset belongs		 Cost (optional)
-
-
-
-
-
Cost (optional)		 Current value
(optional)
-
-
-
-
-
Current value
(optional)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Details Fund to which
liability relates		 Amount due
(optional)
-
-
-
-
-		 When due
(optional)
-
-
-
-
-

Signed by one or two trustees on behalf of all the trustees CCXX R2 accounts (SS)

Date of approval 8/21/2023

Signature

Print Name

~~2~~

DocuSign Envelope ID: 21CC4C70-C71B-4310-BD2A-2975B6962755

Nadia Gil 8/22/2023
Eva Sanchez Munoz 8/22/2023

CCXX R3 accounts (SS)

8/21/2023

3