2023-11-14T13:33:03-05:00 2022-12-31 990 2022-01-01 980368454 Shell Foundation % Rachel Singh Davies SHEL 2079344262 5th Floor The Embassy Tea House London London UK SE1 OLN Mrs Rachel Singh Davies Chief Finance Officer 2023-11-14 2022 2023-04-26 12:10:37Z Shell Foundation Rachel Singh Davies 5th Floor The Embassy Tea House 195 205 Union Street London London UK SE1 OLN 102006222 false X www.shellfoundation.org X Company Limited by guarantee 2000 UK Shell Foundation is an independent charity that applies a business approach to global development challenges which constrain access to energy and sustainable urban and rural mobility. 1 1 1 0 0 0 14746647 22674878 0 0 43685252 18063990 0 0 58431899 40738868 16165662 13211336 0 0 3741195 5230198 0 0 0 8967543 11243962 28874400 29685496 29557499 11053372 694036776 620710958 18959894 22572078 675076882 598138880 Shell Foundation is an independent charity that applies a business approach to global development challenges which constrain access to energy and sustainable urban and rural mobility. false false 24913679 10412195 0 The Access to Energy Programme focuses on co-creating and supporting the scale-up of pioneering social enterprises and market enablers such as supply chain or financial intermediaries Shell Foundation SF is helping to increase the availability of modern energy services to low-income consumers in ways that are financially viable and scalable. Main achievements: -An independent impact assessment reported a 40% net increase in revenue from farmers that were using SunCulture's solar water pumps. -Lorentz has in the first phase of their pilot realised a significant reduction in cost with the solar pump's distributor financing supported by SF improving affordability and availability of irrigation pumps for farmers. -Sistema.bio with SF support demonstrated a considerable cost reduction of their biodigester through the monetisation of carbon credits substantially improving the income opportunity for the farmers. 4771816 2799140 0 The Sustainable Mobility Programme provides support to unproven mobility businesses with scalable solutions that increase access to affordable clean transport in cities improve the delivery of urban and rural transport services and reduce emissions intensity through technology innovation. Main achievements: - WhereIsMyTransport's data platform is impacting over 10M commuters daily. -NavAlt with SF"s support built India's first solar ferry and solar electric fishing boats transported over 1.5M passengers without single drop of fuel. 0 0 0 0 0 0 29685495 false true false false true false false false true false false true false true false true true false true true true false false false false false true false true false false false false false true false false false false false false false true false false true 0 0 false 1 true false true UK false false false false false 0 false false false false false false false false false false 1 1 false false false false true true true true true false false false true true true true false true true false X William Sumner 2079344262 5th Floor The Embassy Tea House 195 205 Union Street London London UK SE1 OLN Ms Gail Klintworth Trustee-Chair 0.00 0.00 X 0 0 0 Ms Diana Lisa Carney Trustee 0.00 0.00 X 0 0 0 Ms Alice Georgina Chapple Trustee 0.00 0.00 X 0 0 0 Professor Maggie Kigozi Trustee 0.00 0.00 X 0 0 0 Ms Sinead Caitlin Lynch Trustee 0.00 0.00 X 0 0 0 Mr Wael Sawan Trustee 0.00 0.00 X X 0 0 0 Mr Huibert Hans Vigeveno Trustee 0.00 0.00 X 0 0 0 Mr Grzegorz Lukasz Gut Trustee 0.00 0.00 X 0 0 0 Ms Vinita Bali Trustee 0.00 0.00 X 0 0 0 Mr Jonathan Berman Chief Executive Officer 0.00 0.00 X 377721 0 39580 Mr Richard Gomes Chief Operating Officer 0.00 0.00 X 0 0 0 Ms Rachel Singh Davies Chief Financial Officer and Company Secretary 0.00 0.00 X 0 0 0 Mr William Sumner Finance Manager 0.00 0.00 X 0 0 0 Ms Meera Shah Portfolio Lead Farmers 0.00 0.00 X 0 0 0 Mr Wim Jonker Klunne HSFG Co-ordinator 0.00 0.00 X 0 0 0 Mr Nicholas Jones Market Development Manager 0.00 0.00 X 0 0 0 Mr Ashish Kumar Portfolio Innovation Manager 0.00 0.00 X 0 0 0 Mr Moazzam Chughtai Finance Advisor 0.00 0.00 X 0 0 0 Mr Gareth Zahir Bill Operations Director 0.00 0.00 X 0 0 0 Mr Jordan Broadbent Senior Theme Lead Energy for Business 0.00 0.00 X 0 0 0 Ms Fiona Hoffman-Harland Business Development Advisor 0.00 0.00 X 0 0 0 377721 0 39580 24 true true false 0 0 0 8889269 12428940 1356669 0 22674878 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9427344 0 0 9427344 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 69904000 0 61267354 0 8636646 0 8636646 0 0 8636646 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 40738868 0 0 18063990 2359285 2359285 0 0 10852051 10852051 0 0 5230198 0 5230198 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 881845 0 881845 0 405658 0 405658 0 140564 0 140564 0 0 0 0 0 0 0 0 0 0 0 2169102 0 2169102 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 564169 0 564169 0 548619 0 548619 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Exchange (gain)/loss -688778 0 -688778 0 Other expenses 311005 0 311005 0 Impairment 6911778 0 6911778 0 0 0 0 0 29685496 13211336 16474160 0 0 0 0 0 10774806 13210416 0 0 2072356 5173100 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 617035724 534722708 0 0 64153890 67604734 0 0 0 0 694036776 620710958 5263660 7024298 13004856 13296360 0 0 0 0 0 0 0 0 0 0 0 0 691378 2251420 18959894 22572078 X 650354986 571763037 24721896 26375843 675076882 598138880 694036776 620710958 11053372 -87991374 0 0 0 0 X false true X true true true RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3 0 0 0 8173009 0 8173009 0 true true 617035724 0 -69813016 -12500000 0 0 534722708 577348398 0 61187326 -21500000 0 0 617035724 521251894 0 64096505 -8000000 0 0 577348398 459307795 0 79444099 -17139142 0 -360858 521251894 506608116 0 -30700321 -16302000 0 -298000 459307795 1 0 0 false true true Energy Entrepreneurs Growth Fund EEGF - Investment 12337795 F GroFin Africa Fund GAF - Investment 225364 F GroFin Small and Growing Businesses Fund SGB - Investment 4314517 F responsAbility Energy Access Fund - Investment 1575000 F SparkMeter - Loan Receivable 340000 F FactorE Ventures - Loan Receivable 14868116 F Gajam Group Limited Dharma Life - Loan Receivable 369758 F Husk Power Systems Inc. - Loan Receivable 866666 F Persistent Energy Capital - Loan Receivable 3233340 F Buen Manejo del Campo S.A. Sistema Biobolsa - Loan Receivable 1254045 F Nomou Iraq Fund - Investment 4072140 F Aavishkaar Ventures Management Services - Interest Bearing Convertible Debt Agreement 9999991 F Northern Iraq Investments 6829361 F Nayo Tropical Technology - Loan receivable 466760 F Science for Society Techno Services S4S - Loan receivable 240703 F Shortlist Professionals Ltd - Loan receivable 174930 F Cardecho B.V. - Loan receivable 700000 F SIMA Angaza Distributor Financing Fund - Investment 625000 F Metro Africa Express - Loan receivable 708150 F WhereIsmy Transport Ltd - Loan receivable 666800 F Energy Company of the Future Ltd Konexa - loan receivable 116666 F Odyssey Energy Solutions - Loan receivable 388900 F Pula Advisors Limited - Loan receivable 16666 F Jali Finance Limited - Loan receivable 94568 F Origen Fresh EPZ Limited - Loan receivable 26234 F NavAlt Solar and Electric Boats Pvt Ltd - Loan receivable 624871 F Nithio FI B.V. - Loan receivable 444450 F Rovingheights Nigeria - Loan receivable 200016 F M-KOPA Holdings Ltd - Loan receivable 195016 F Lorentz Impact Accelerator GmbHm- Loan receivable 189682 F Kofa Holdings Limited - Loan receivable 638191 F Aristo Securities Pvt Ltd - Loan receivable 801038 F 67604734 Grantees due after one year 473426 Performance Share Plans 1777994 2251420 -47252506 -87991374 -87991374 40738868 0 40738868 29685496 0 29685496 0 29685496 true Europe Including Iceland and Greenland 1 25 Grantmaking Grant expenses 6490462 North America 0 0 Grantmaking Grant expenses 1750000 South Asia 0 0 Grantmaking Grant expenses 1352450 Sub-Saharan Africa 0 1 Grantmaking Grant expenses 5424722 Europe Including Iceland and Greenland 0 0 Program services Program services 11228879 Sub-Saharan Africa 0 0 Program services Program services 3725556 North America 0 0 Program services Program services 312375 Middle East and North Africa 0 0 Program services Program services 413796 South Asia 0 0 Program services Program services 220879 Europe Including Iceland and Greenland 0 0 Program-related investments Investments 5309457 1 26 1 26 36228576 36228576 Europe (Including Iceland and Greenland) 4 R Digital Limited 1208550 Bank Transfer Europe (Including Iceland and Greenland) WhereIsMyTransport Ltd 486260 Bank Transfer Europe (Including Iceland and Greenland) M-KOPA UK Limited 1292500 Bank Transfer Europe (Including Iceland and Greenland) Aceleron Ltd 1000000 Bank Transfer Europe (Including Iceland and Greenland) The Sure Chill Company Ltd 20000 Bank Transfer Europe (Including Iceland and Greenland) Pula Advisors GmbH 600000 Bank Transfer Europe (Including Iceland and Greenland) Lorentz Impact Accelerator GmbH 300836 Bank Transfer Europe (Including Iceland and Greenland) GOGLA (Global Off-Grid Lighting Association) 300000 Bank Transfer Europe (Including Iceland and Greenland) Kofa Holdings Limited 1297956 Bank Transfer North America Buen Manejo del Campo, SA 950000 Bank Transfer North America Jaza Energy Inc 800000 Bank Transfer South Asia Science for Society Techno Services Pvt Ltd 294484 Bank Transfer South Asia Villgro Innovations Foundation 75000 Bank Transfer South Asia Even Livelihoods Pvt Ltd 57234 Bank Transfer South Asia Aristo Securities Pvt Ltd 1000732 Bank Transfer Sub-Saharan Africa CrossBoundary Energy Access 300000 Bank Transfer Sub-Saharan Africa Rovingheights Nigeria 575000 Bank Transfer Sub-Saharan Africa Easy Matatu Limited 450000 Bank Transfer Sub-Saharan Africa EA Foods Limited 650000 Bank Transfer Sub-Saharan Africa Open Capital Group Ltd 750000 Bank Transfer Sub-Saharan Africa Raino Tech4Impact Ltd 522000 Bank Transfer Sub-Saharan Africa adOpes Limited 500000 Bank Transfer Sub-Saharan Africa Havenhill Synergy Limited 955000 Bank Transfer Sub-Saharan Africa Positive Capital Partners Ltd 800000 Bank Transfer Sub-Saharan Africa Precise Consult International Private Limited Company 500000 Bank Transfer 2 25 false false false false false false true Akili Ventures LLC 251 Little Falls Drive Wilmington DE 19808 852493916 100000 0 other NA Phase 1 - PAYG Venture FactorE Ventures PBC 430 North College Avenue Fort Collins CO 80524 200334006 501(c)(3) 2250000 0 other NA for the project Outsourcing Incubation Areas Metro Africa Xpress Inc 1407 Broadway New York NY 10018 474966547 500000 0 other NA for the project MAX Pilot of EVs in Ghana Odyssey Energy Solutions Inc 1519 Pine St Unit 1 Boulder CO 80302 815443036 500000 0 other NA for the project Financing solution to scale Energy as-a-Service model for Health Facility Electrification Social Investment Managers and Advisers LLC c/o Corporation Service Company 2711 Centerville Road Suite 400 Wilmington DE 19808 812102783 1000000 0 other NA for the project Pilot of SIMA - Angaza DFF World Bank Group ESMAP 1818 H Street NW Washington WA 20433 980002549 300000 0 other NA To finance the End User Subsidy Lab Externally Financed Output the EFO which forms part of the Bank's World work program 1 5 X X X false false true false false false false true Mr Wael Sawan Trustee 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr Gareth Zahir Bill Operations Director 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr Jordan Broadbent Senior Theme Lead Energy for Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ms Fiona Hoffman-Harland Business Development Advisor 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr Jonathan Berman Chief Executive Officer 377721 0 39580 0 0 0 0 0 0 0 417301 0 0 0 Mr Richard Gomes Chief Operating Officer 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ms Rachel Singh Davies Chief Financial Officer and Company Secretary 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr William Sumner Finance Manager 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Ms Meera Shah Portfolio Lead Farmers 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr Wim Jonker Klunne HSFG Co-ordinator 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr Nicholas Jones Market Development Manager 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr Ashish Kumar Portfolio Innovation Manager 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mr Moazzam Chughtai Finance Advisor 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Part II Line 1 | Name :, Title:, Item Selected:, Description:| All the listed employees, We are providing only name of the trustees officers and employees and not providing the compensation details of the employees seconded by Shell Foundation due to data protection regulations. However we have disclosed the details of CEO Mr Jonathan Berman who is employed directly by Shell Foundation.| Part I Line 7 The organization offers bonuses to persons employed by the organization. These bonuses are calculated with a formula. The decision to award bonuses is discretionary and individual details are not known due to data protection regulations. Mr Sam Parker Former Chief Executive Officer 5776 Fee paid for representing Shell Foundation on the Boards of the investees Aavishkaar Group and Factore false Part VI, Line 6 The sole member of the Foundation is The Shell Petroleum Company Limited. Part VI, Line 7a The sole member of the Foundation is The Shell Petroleum Company Limited. The eight Trustees are appointed by The Shell Petroleum Company Limited. There are no material differences in voting rights amongst members of the governing body. The Board is supported for the financial results and statutory returns internal controls and risks associated with the Foundation's activities and appropriate mitigation measures in respect of these by an Audit and Risk Committee by an Investment Committee for the endowment investment returns strategic asset allocation and performance of the fund manager and by a Remuneration Committee for the team's performance against pre-determined annual targets. Part VI, Line 7b The sole member of the Foundation is The Shell Petroleum Company Limited. The eight Trustees are appointed by The Shell Petroleum Company Limited. There are no material differences in voting rights amongst members of the governing body. The Board is supported for the financial results and statutory returns internal controls and risks associated with the Foundation's activities and appropriate mitigation measures in respect of these by an Audit and Risk Committee by an Investment Committee for the endowment investment returns strategic asset allocation and performance of the fund manager and by a Remuneration Committee for the team's performance against pre-determined annual targets. Part VI, Line 11a The form and accompanying Schedules are initially prepared and reviewed by the Shell Foundation Finance team. Where necessary advice is sought and finally the form is reviewed and signed by the Shell Foundation Chief Financial Officer. Part VI, Line 11b The form and accompanying Schedules are initially prepared and reviewed by the Shell Foundation Finance team. Where necessary advice is sought and finally the form is reviewed and signed by the Shell Foundation Chief Financial Officer. Part VI, Line 12c Shell Foundation has documented Business Principles which includes a statement relating to conflicts of interest: Staff must avoid conflicts of interest between their private financial affairs and their part in the conduct of the Shell Foundation activities. Staff must also declare to Shell Foundation any potential conflicts of interest. We monitor this through the following processes; maintain a register of gifts and hospitality given received or offered; maintain a register of related transactions maintain a register of other offices held; trustees annually declare any related parties. All decision-making procedures have conflict of interest declarations built into them both in formal documentation and at the start of every decision-making meeting. Conflicts declared are minutes for the records and individuals with such conflicts remove themselves from further involvement in that decision. Procedures apply equally to staff trustees advisors and volunteers. Shell Foundation's financial statement and conflicts of interest policy as part of its Business Principles available to the public via its website UK Companies House and UK Charities Commission. Shell Foundation's governing documents are available to the public on request. Part VI, Line 15 Shell Foundation is a registered charity and under UK charity law its Board of trustees is obligated to act independently in accordance with its charitable objectives. Although the Shell Petroleum Company Limited is the sole member of the Shell Foundation the Foundation is not consolidated within the financial results of the Shell Plc Group because it is an independent charity. The officers and the key staff of the Shell Foundation are employed by Shell Group a related organization and Shell Foundation. Part VII General | Explanation:| We are not disclosing the compensation details of the trustees officers & employee s due to data protection regulations. Part VII General | Explanation:| Contractors who were paid more than $100,000: Mr Syed Junaid Hussain Ms Wanji Nganga Part VII General | Explanation:| Contractors who were paid more than $100,000: Mr Syed Junaid Hussain Ms Wanji Nganga Shell International Limited 20 York Road SE1 7NA London London UK 0 Corporate Service Company UK The Shell Petroleum Company Limited C-Corporation 0 0 1 false Shell Asset Management Company S Gravenhage 2501 CN Carel Van Bylandtlaan 30 The Hague The Hague NL 0 Corporate Service Company NL Shell Petroleum NV C-Corporation 0 0 1 false BG Group Ltd Shell Centre SE1 7NA London London UK 0 Corporate Holding Company UK Shell Petroleum NV C-Corporation 0 0 1 false Shell Trading International Ltd Shell Centre SE1 7NA London London UK 0 Corporate Holding Company UK The Shell Petroleum Company Limited C-Corporation 0 0 1 false Shell Plc Shell Centre SE1 7NA London London UK 0 Ultimate Parent Company UK N/A C-Corporation 0 0 0 false false false true false false false false false false false false false false false false true false false false Shell International Limited P 4080987 Cash paid Shell Asset Management Company B 524711 Amount accrued BG Group Ltd C 2726321 Cash received Shell Plc C 162948 Cash received Shell Trading International Ltd C 6000000 Cash received