UCC Educational Foundation
Charity no. 1021681
The Charity Commission for England and Wales
Trustees’ Annual Report year ended 31 July 2023
UCC Educational Foundation Trustees:
Mr David Quinn Mr David L Barry
Mr James O’Callaghan (Treasurer)
Mr Paul
Wycherley Mr Michael McCarthy Ms Liz Shanahan
The activities of the UCC Educational Foundation for the year ended 31 July 2023 resulted in total contributions of £241,272 (2022: £215,210). A total of £215,484 (2022: £220,886) was disbursed during the year to University College Cork (UCC), leaving a surplus after bank interest and charges of £26,515 for the year ended 31 July 2023. The UCC Educational Foundation finished the FY 2023 with a bank balance of £242,630.
The contributions disbursed during the year were utilised to support the Irish Centre for Fetal and Neonatal Translational Research ( INFANT ) Neonatal Chair, the Glucksman Art Gallery and Restaurant, as well as several other projects and funds at University College Cork (UCC).
All requirements of the Charity Commission of England and Wales were fulfilled for year ended 31 July 2023.
Thanks are expressed to the Trustees of the UCC Educational Foundation and the staff of Alumni and Development at UCC for their efforts and continued support of the UCC Educational Foundation .
Mr. David Quinn Chairman, UCC Educational Foundation.
lofl Date: 14 November 2024
| UCC Educational Foundation 1021681 Receipts andpayments accounts 8/1/2022 To 7/31/2023 For the period from ~~ee~~ |
UCC Educational Foundation 1021681 Receipts andpayments accounts 8/1/2022 To 7/31/2023 For the period from ~~ee~~ |
UCC Educational Foundation 1021681 Receipts andpayments accounts 8/1/2022 To 7/31/2023 For the period from ~~ee~~ |
UCC Educational Foundation 1021681 Receipts andpayments accounts 8/1/2022 To 7/31/2023 For the period from ~~ee~~ |
UCC Educational Foundation 1021681 Receipts andpayments accounts 8/1/2022 To 7/31/2023 For the period from ~~ee~~ |
UCC Educational Foundation 1021681 Receipts andpayments accounts 8/1/2022 To 7/31/2023 For the period from ~~ee~~ |
CC16a ~~-~~ |
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|---|---|---|---|---|---|---|---|---|---|
| Section A Receipts and payments | |||||||||
| Unrestricted funds |
Restricted funds |
Endowment funds |
Total funds | Last year | |||||
| to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | |||||
| A1 Receipts | |||||||||
| Charitable Donations | 20,972 | 220,300 | - | 241,272 | 215,210 | ||||
| Interest Received | 799 | - | - | 799 | 19 | ||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| Sub total(Gross income for AR) | 21,771 (Gross income for AR) |
220,300 | - | 242,071 | 215,229 | ||||
| - - - - - - - - - Sub total - - - - - Total receipts 21,771 220,300 - 242,071 215,229 A2 Asset and investment sales, (see table). ~~_———__—~~ |
|||||||||
| A3 Payments | |||||||||
| Disbursements to CUF | 394 | 215,090 | - | 215,484 | 220,886 | ||||
| Expenses | 72 | - | - | 72 | 35 | ||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| Sub total 466 | 215,090 | - | 215,556 | 220,921 | |||||
| - - - - - - - - Sub total - - - - - Total payments 466 215,090 - 215,556 220,921 A4 Asset and investment purchases, (see table) ~~S555~~ |
|||||||||
| **Net of receipts/(payments) ** | 21,305 | 5,210 | - | 26,515 | - 5,692 | ||||
| A5 Transfers between funds | A5 Transfers between funds | - | - | - | - | - | |||
| A6 Cash funds last year end | 1,025 | 215,090 | - | 216,115 | 221,807 | ||||
| **Cash funds this year end ** | 22,330 | 220,300 | - | 242,630 | 216,115 |
Section B Statement of assets and liabilities at the end of the period
| Unrestricted | Restricted | Endowment | |||||
|---|---|---|---|---|---|---|---|
| Categories | Details | funds | funds | funds | |||
| to nearest £ | to nearest £ | to nearest £ | |||||
| B1 Cash funds | Cash at Bank 22,330 220,300 - - - - - - - 22,330 220,300 - Total cash funds ~~S55~~ |
||||||
| (agree balances with receipts and payments account(s)) |
(agree balances with receipts and payments | OK | OK | OK | |||
| Unrestricted | Restricted | Endowment | |||||
| funds | funds | funds | |||||
| Details | to nearest £ | to nearest £ | to nearest £ | ||||
| B2 Other monetary assets | - - - - - - - - - - - - - - - - - - ~~ee~~ |
||||||
| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
||||
| B3 Investment assets | - - - - - - - - - - ~~==~~ |
||||||
| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
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| B4 Assets retained for the charity’s own use |
- - - - - - - - - - - - - - - - - - ~~aa~~ |
||||||
| Fund to which | Amount due | When due | |||||
| Details | liability relates | (optional) | (optional) | ||||
| B5 Liabilities Signed by one or two trustees on behalf of all the trustees |
- - - - - Signature Print Name DavidQuinn 14-Nov-24 Date of approval ~~——~~ |
Independent examiner’s report to the trustees of UCC Educational Foundation
I report to the trustees on my examination of the accounts of the UCC Educational Foundation (the Foundation) for the year ended 31 July 2023.
Respective responsibilities of trustees and examiner
As the charity trustees of the Foundation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Foundation’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Foundation as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Name: Cara Turtington FCA DChA
Address: Saffery LLP, 71 Queen Victoria Street, London, EC4V 4BE
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