SHELL FOUNDATION

Charity number: 1080999
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Shell Foundation mission is to apply business thinking to major social and environmental issues linked to the energy sector - and seek to relieve poverty and hardship and protect the environment, for the public benefit, through the promotion and development of business-based solutions and supportive market environments, to target large scale impact.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£23,024,310

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Donations and legacies £14.40m
Charitable activities £0
Other trading activities £0
Investments £8.62m
Other £0

Total expenditure:
£30,159,070

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Raising funds £765.94k
Charitable activities £29.39m
Other £0

£44,133,171 investments gains (losses)

Total income includes £8,180,099 from 2 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £765.94k
Charitable expenditure £29.39m

People

37 Employee(s)

9 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 3
£70k to £80k 1
£80k to £90k 3
£90k to £100k 3
£100k to £110k 3
£110k to £120k 4
£120k to £130k 1
£130k to £140k 6
£140k to £150k 1
£150k to £200k 3
£200k to £250k 1
£350k to £400k 1

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

One or more trustees receive payments or benefits from the charity for being a trustee.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • The Prevention Or Relief Of Poverty
  • Environment/conservation/heritage
  • Economic/community Development/employment
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Organisations
  • Provides Other Finance
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
Where the charity operates:
  • Brazil
  • China
  • Colombia
  • Egypt
  • Ghana
  • Haiti
  • India
  • Iraq
  • Jordan
  • Kenya
  • Nigeria
  • Oman
  • Switzerland
  • Uganda
  • United Arab Emirates
  • United States

Governance

Registration history:
  • 02 June 2000: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
04007273 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

9 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Timothy Livett Trustee 27 January 2025
None on record
Paul Simpson Trustee 23 October 2024
None on record
Parminder Kohli Trustee 23 October 2024
None on record
Jack Ngare Trustee 14 June 2023
None on record
Vinita Bali Trustee 18 May 2023
None on record
Funke Opeke Trustee 18 May 2023
None on record
Grzegorz Lukasz Gut Greg Trustee 21 March 2023
None on record
Gail Alfreda Klintworth Trustee 09 January 2019
None on record
SINEAD LYNCH Trustee 11 January 2017
THE SHELL CENTENARY SCHOLARSHIP FUND

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £41.21m £24.29m £18.70m £26.52m £23.02m
Total expenditure £36.33m £34.46m £21.40m £24.55m £30.16m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants £6.97m £3.10m £2.89m £6.15m £8.18m
Income - Donations and legacies £32.32m £16.99m £10.72m £18.40m £14.40m
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £0 £0 £0 £0 £0
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £8.89m £7.30m £7.98m £8.12m £8.62m
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £36.05m £34.06m £20.99m £24.09m £29.39m
Expenditure - Raising funds £282.98k £397.40k £402.19k £464.90k £765.94k
Expenditure - Governance £144.29k £127.11k £285.13k £318.23k £544.95k
Expenditure - Grants institution £21.36m £19.20m £11.75m £10.72m £11.27m
Expenditure - Investment management £282.98k £397.40k £402.19k £464.90k £765.94k
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £0 £0 £0 £0 £0
Long-term investments £439.54m £460.31m £502.83m £496.67m £505.89m
Other assets £29.23m £18.15m £10.69m £16.43m £16.73m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £22.20m £18.79m £14.03m £18.66m £16.68m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 16 August 2024 On Time
Accounts and TAR 31 December 2023 16 August 2024 On Time Download Open in new window
Annual return 31 December 2022 27 July 2023 On Time
Accounts and TAR 31 December 2022 27 July 2023 On Time Download Open in new window
Annual return 31 December 2021 17 August 2022 On Time
Accounts and TAR 31 December 2021 17 August 2022 On Time Download Open in new window
Annual return 31 December 2020 20 July 2021 On Time
Accounts and TAR 31 December 2020 20 July 2021 On Time Download Open in new window
Annual return 31 December 2019 19 August 2020 On Time
Accounts and TAR 31 December 2019 19 August 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 31/05/2000 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 20/03/2001 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 07/12/2007 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 03/05/2012

Charitable objects

TO PROMOTE IN ANY PART OF THE WORLD: (1) THE PROTECTION AND PRESERVATION OF THE ENVIRONMENT AND PUBLIC HEALTH BY MEANS OF EDUCATION AND RESEARCH (INCLUDING THE DISSEMINATION OF THE USEFUL RESULTS OF SUCH RESEARCH) INTO THE PROVISION AND USE OF ENERGY IN WAYS THAT REDUCE OR ELIMINATE HARMFUL EMISSIONS AND IN SUCH OTHER SUBJECTS OF STUDY AS THE TRUSTEES THINK FIT; AND BY OTHER SUCH MEANS AS THE TRUSTEES SHALL THINK FIT; (2) THE ADVANCEMENT OF EDUCATION OF YOUNG PERSONS AND ADULTS OR MALE OR FEMALE ADULTS INCLUDING THE PROVISION OF SCHOLARSHIPS AT UNIVERSITIES IN THE UNITED KINGDOM FOR POST-GRADUATE STUDENTS, PARTICULARLY CITIZENS OF COUNTRIES OTHER THAN THE UNITED KINGDOM; (3) THE ESTABLISHMENT IN LIFE OF YOUNG PERSONS AGED NOT MORE THAN 30 YEARS; (4) THE RELIEF OF POVERTY, SUFFERING, HARDSHIP AND DISTRESS; (5) SUCH OTHER PURPOSES BEING EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AS THE TRUSTEES MAY FROM TIME TO TIME DETERMINE

Area of benefit

The area the charity can operate in, as set out in its governing document.

WORLDWIDE

Contact information

Address:
5th Floor
The Embassy Tea House
195-205 Union Street
London
SE1 0LN
Phone:
02079342727
Email:
info@shellfoundation.org
Website:

www.shellfoundation.org Open in new window