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|---|---|---|---|---|
|Reference and administrative||details ofthe company,|its Trustees and advisers||
|Trustees'
report||||2-4|
|Trustees'
responsibilities
statement|||||
|Independent
auditor's|report|on the financial statements||6-9|
|Statement ofhnancial|activities|||to|
|Balance sheet|||||
|Statement ofcash flows||||12|
|Notes to the financial|statements|||13-21|
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||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2020|2020|2019as restated|
|||||Note|$|$|$|
|Income from:||||||||
|Donations
and|legames|||3,14|63,310|63,310|10,950|
|Total income|||||63,310|63,310|10,950|
|Expenditure
on:||||||||
|Charitable
activities||||||||
|Donations
to|Boston Unwersity||||63,310|63,310|8,845|
|Other chantable||activities|||3,590|3,590|5,353|
|Total expenditure|||||66,900|66,900|13,998|
|Net movement|in|funds before other recognised|gains||(3,590)|(3,590)|(3,048)|
|Net movement|in|funds|||(3,590)|(3,590)|(3,048)|
|Reconcfilatlon|of|funds:||||||
|Total funds brought||forward|||5,093|5,093|8,141|
|Net movement|in funds||||(3,590)|(3,590)|(3,048)|
|Total funds carried forward|||||1,503|1,503|5,093|
||||||||2019as|
|---|---|---|---|---|---|---|---|
||||||2020||restated|
||||Note||$||$|
|Fixed assets||||||||
|Investments|||||135||135|
|Current assets||||||||
|Debtors||||1,441||1,334||
|Cash at bank|and|in hand||8,888||9,577||
|||||10,329||10,911||
|Creditors: amounts||falling due within one year|8, 14|(8,961)||(5,953)||
|Net current|assets||||1,368||4,958|
|Total net assets|||||1,503||5,093|
|Charity funds||||||||
|Unrestncted|funds||||1,503||5,093|
|Total funds|||||1,503||5,093|
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|||||||2020|2019|
|---|---|---|---|---|---|---|---|
||||||Note|$|$|
|Cash flows from operating||activities||||||
|Net cash|used in operating|activibes|||10|(689)|8,826|
|Change|In cash and cash|equivalents|In|the year||(689)|8,826|
|Cash and|cash equivalents|at the beginning||ofthe year||9,577|751|
|Cash and cash equivalents||at the end|of|the year||8,888|9,577|
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|||||Total|
|---|---|---|---|---|
|||Unrestricted|Total|funds|
|||funds|funds|2019(as|
|||2020|2020|restated
l|
|||$|$|$|
|Donations|&legacies|63,310|63,310|10,950|
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|||||Activities|||Total|
|---|---|---|---|---|---|---|---|
|||||undertaken||Total|funds|
|||||directly|Support costs|funds|2019(as|
|||||2020|2020|2020|restated)|
|||||$|$|$|$|
|Expenditure||||(466)|4,056|3,590|5,353|
|Donation|to|Ultimate|Parent|63,310||63,310|8,645|
|||||62,844|4,056|66,900|13,998|
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||||Alumni|Donation
to||Total|
|---|---|---|---|---|---|---|
||||lectures and|Ultimate|Total|funds|
||||events|Parent|funds|2019(as|
||||2020|2020|2020|restated)|
||||$|$|$|$|
|Donation to Ultimate||Parent||63,310|63,310|8,645|
|Foreign exchange|gains and losses||(466)||(466)|(10,144)|
||||(466)|63,310|62,844|(1,499)|
|Total 2019|||(10,144)|8,645|(1,499)||
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||||||Alumni|Alumni|||
|---|---|---|---|---|---|---|---|---|
||||||lectures|and|Total|Total|
||||||events||funds|funds|
|||||||2020|2020|2019|
|||||||$|$|$|
|Meeting expenses||||||||6,096|
|Equipment|rental|||||||3,444|
|Other contracted||services||||||1,112|
|Auditors'|non audit costs|||||1,334|1,334|1,169|
|Auditors'|remuneration|||||2,660|2,660|3,592|
|Bank charges||||||62|62||
|||||||4,056|4,056|15,497|
|Auditor's|remuneration||||||||
||||||||2020|2019|
||||||||$|$|
|Fees payable tc the company's|||auditor for the audit cfthe company's|annual|accounts||2,660|2,700|
##
|6.|Fixed asset investments|||
|---|---|---|---|
|||Investments|in|
|||subsidiary||
|||companies||
||||8|
||Cost or valuation|||
||At 1 January 2020||150|
||At 31 December 2020||150|
||Impairment|||
||At 1 January 2020||15|
||At 31 December 2020||15|
||Net book value|||
||At 31 December 2020||135|
||At 31 December 2019||135|
||Subsidiary
undertakings|||
|||||||
|---|---|---|---|---|---|
|Names|||||Holding|
|Boston University||USA (Europe) Limited|||100'/o|
|EUSA (UK) Limited|||||100%|
|EUSA LLP|||||100'/|
|The finanmal|rixsults ofthe subsidmnes||for the year were|||
|Names||||Profit/(Loss)|Net assets|
|||||8|8|
|Boston University||USA (Europe) Limited||(251,347|(5,082,795|
|||||)|)|
|EUSA (UK)|Limited|||||
|||||(3,623|(1,855|
|||||)|)|
|EUSA LLP||||||
|||||(838,576|(440,663|
|||||)|)|
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||||||2020|2019|
|---|---|---|---|---|---|---|
||||||$|$|
||Due within||one year||||
||Amounts|due from group undertakings|||1,441|1,334|
||||||1,441|1,334|
|8.|Creditors:||Amounts|falling due within one year|||
|||||||2019(as|
||||||2020|restated)|
||||||$|$|
||Amounts|owed to group undertakings|||2,281|2,360|
||Accruals|and deferred||income|6,680|3,593|
||||||8,961|5,953|
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||Balance et 1||||
|---|---|---|---|---|
||January
2020|||Balance at 31|
||(as restated)|Income|Expenditure|December 2020|
||$||$|$|
||5,093|63,310|(66,900)|1,503|
|||||Balance at|
||Balance at||As restated|31 December|
|1|January 2019|Income|Expenditure|2019|
||$||$|$|
||8,141|10,950|(13,998)|5,093|
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|||||||||||||2019(as|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2020|restated)|
||||||||||||$|$|
||||||||||||(3,590|(3,048|
||Net expenditure||for the period|||(as per Statement||of Financial|Activities)||)|)|
||Adjustments||for:||||||||||
||Decrease|in debtors||||||||||291,471|
||Increase/(decrease)|||in creditors|||||||2,901|(279,597)|
||Net cash|provided
by/(used||||in) operating|activities||||(689)|8,826|
|11.|Analysis|ofcash and cash||||equivalents|||||||
||||||||||||2020|2019|
||||||||||||$|$|
||Cash in hend||||||||||8,888|9,577|
||Total cash and cash||||equivalents||||||8,888|9,577|
|12.|Analysis|ofchanges|||in net|debt|||||||
|||||||||||||At 31|
|||||||||||At 1 January||December|
|||||||||||2020|Cash flows|2020|
||||||||||||$|$|
|||||||||||$|||
||Cash at bank and in|||hand||||||9,577|(689)|8,888|
|||||||||||9,577|(689)|8,888|
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