## _**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**
~~-~~| |---|---|---|---|---|---|---|---|---|---| |**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**|**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
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**-**
**-**
**-**
**-**
**-**
~~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)**| |**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: 1. accounting records were not kept in respect of the Foundation as required by section 130 of the Act; or 2. 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 Saffery LLP is a member of Nexia a leading, global network of independent accounting and consulting firms. Please see https://nexia.com/member-firm-disclaimer/ for further details. 1/2 4155-2386-8501.2 © Saffery Since 1855