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
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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
**Date**22/08/2003||| |||| ||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