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2021-06-30-accounts

CONTENTS PAGE
Trustees and Advisors
Report ofthe Trustees 4-13
Statement
ofTrustees'
Responsibilities 14
Report ofthe Independent Auditor 15-17
Statement
of Financial
Activities 18
Balance Sheet 19
Cash Flow Statement 20
Notes to the Financial Statements 21-33
Appendices 34-37

Donor Count by Campus Count by Campus (2016-2021) (2016-2021)
Campus 2016-17 2017-18 2018-19 2019-20 2020-21
Berkeley 26 38 38 36 23
Davis 10 12 12 10
Irvine
Los Angeles 32 49 45 38
Riverside 15
San Diego
San Francisco
Santa Barbara 12 16 10
Santa Cruz
*Multiple
Campuses
Total 96 141 147 118 101
Direct Income to University ofCalifornia
Campuses
(Restricted Income)
Campus 2016-17 2017-18 2018-19 2019-20 2020-21 Five-Year Total
Berkeley F140,721 F213,016 F299,781 F117,809 F135,760 f907,087
Davis F429 f1,266 f1,789 f1,095 F592 f5,171
Irvine F376 F972 F1,724 f25 f3,105
Los Angeles F522,391 F718,495 f485,169 f243,126 F190,303 f2,159,484
Riverside F929 f726 F203 f200 f2,522
San Diego F1,135 F1,505 f2,030 f900 F1,350 f6,920
San Francisco FO FO FO FO
Santa Barbara f8,622 f2,092 f2,420 f1,214 f1,137 f15,485
Santa Cruz F245 f80 F335 F10 F35 f705
Annual
Income
f674,383 f938,355 f793,979 f364,382 f329,385 f3,100,484

Berkeley UCLA
Centre for Human
Com
atible Artificial
Intelli ence Center for Media, Entertainment 8 Sport
East Bay Community
Law Centre
Black Alumni
Association
Scholarship
Equity and Inclusion
Fund
Covid 19Greatest Needs in Patient Care
Haas School of Business Department
of Linguistics
Human
Mortality
Database
Department
of Musicology
Innovative
Genomics
Institute
Covid 19Fund Department
of Urology
International
House
United
Kingdom
Fellowships
Berkeley Library School of Education
Dean's Scholarship
Fund
Undergraduate
Scholarship
Fund UCLA Library
Berkeley Study abroad Luskin School of Public Affairs
Berkeley Law School United
Kingdom
Study Abroad
Fund
UC Davis Riverside
Study Abroad African Student
Program
Fund
UC Davis Medical Center COVID-19 Support Fund Education
Abroad
Fund
Diversity,
Inclusion,
and Social Justice
Prog Fund Student Success Fund
San Diego Santa Barbara
UCSD Alumni
UK Education
Abroad Program London
Alumni
Education
Abroad Fund
COVID-19 Emergency
Response
Fund Area ofGreatest Need
Black Academic Excellence Initiative UCSB Response
Fund
Department
of Black Studies
Santa Cruz Irvine
Diversity
and Inclusion
Patient Care 8, Healthcare Workforce

Ten Year Income by Campus 2011-21
UC Campus Campus Totals UC Campus Campus Totals
Berkeley E4,809,842 San Diego E9,222
Davis E9,324 San Francisco E973
Irvine F3,190 Santa Barbara (inc. UCEAP) F25,115
Los Angeles F16,130,654 Santa Cruz F918
Riverside E2,676 Ten-Year Income F20,991,914

Event Event Attendance
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
Berkele 121 95 102 28
Berkele -Haas 22 26 12
Davis 25 41 22 65 12
Irvine 29 12
Los An eles 178 163 102 145 383
Los An eles - Anderson 112 84 70
Riverside 10 14 17
SanDie o 36 32 32 23
San Francisco
Santa Barbara 33 37 27 19 23
Santa Cruz 13
'Multi
le
Cam us 24 18 16
*No Cam us Affiliation 41 19 33 12 17
Total Attendees 624 571 436 419 526

meetings
ofthe Running
group and virtual
iterations
of monthly
(Triple T) pub nights.
UC Alumni
UK also launched
a recruitment
initiative
using
Linkedln
data to reach out to alumni
who had not
lost touch with their home campuses.
Additionally,
UC Alumni
UK's Mentorship
Committee
organised
a virtual Speed Networking
Night
in December as part of UC Alumni
UK's (peer to peer)
Alumni
Mentorship
program.
Conclusion
Around
the world, 2020-21 will be remembered
as
a pandemic
year of upheaval,
loss and
unprecedented
change.
Like many other charities and businesses,
the University
of California
Trust
(UK) staff, our colleagues
on the UC campuses,
and the dedicated
volunteers
in our alumni
communities
responded
to these challenges
by resourceful
and creative approaches
to the Trust's
programs,
above all by capitalising
on the opportunity
to connect with California
online. As a result
ofthese effects, paradoxically,
despite the pandemic,
connectivity
with UC campuses
in 2020-21
increased
with more people
in Europe participating
in events than 2019-20.
Additionally,
the Trust used online programming
to
connect students
with alumni
in Europe, and to
reach hidden audiences
via webinars
that,
in some
cases, involved
more people
in more parts of
the UK than ever before. This transition
from in-person
to online engagement
with University
of
California
community
in Europe set in motion a series offundamental
changes to the way the Trust
will operate
in the future. These changes augur well for the future.
Our Progress
In 2020 we said we would. .. Sofar we have. .
extend support to a wider variety ofstudent
programs
organised
a series
of online
classes
that
have
and
students
in
the
United
Kingdom,
Continental
connected
University
of California
alumni
in Europe
Europe, and California with students
at the University
of California
increase the level ofsupport
for UC students
to study
created a gradate
fellowship
at the William Andrews
abroad Clark Library
in Los Angeles
continue to improve
and grow the Trust's program
of
organised
a program
of lectures
and talks that have
academic lectures and talks involved
more than 500 people
continue
to seek the guidance
of UCLA
Europe's
Chancellor's
Society Committee
in pursuit of UCLA's
strategic
initiatives
moved the focus of UCLA's outreach
activities
towards
sustainability
and followed
up with
distinguished
acquaintances
and friends ofthe
committee
develop
UCSD's
pipeline
development
for annual
giving
by building
its community
in Europe
organised
a
program
of
UCSD
activities
that
involved 65 alumni
and friends from different parts of
Europe
continue
to strengthen
alumni
networks
in Europe
launched
a Linkedln
outreach
initiative
Increase the role of racial equity
in our programs
organised
a panel discussion
with two distinguished
university
faculty and a community
leader
in London
develop
alumni
network
sub-committees
and expand
strengthened
our
alumni
mentorship
program,
alumni
support
alumni chats program,
and monthly
Triple Tevents

1.Donations to the University
ofCalifornia
from Eu
rope
Berkeley
Library Unrestricted. 78,728
Hass School of Business —Scholarships.
..... ...... ... ... ... ... .71
UC Berkeley - Fund for International
House. ..... ... ... ..
. ... ..196
UC Berkeley - Undergraduate
Scholarship. .. ...... ... ... ... ... ..62
UC Berkeley - Berkeley Study Abroad General Support. .. ...63
UC Berkeley - Human
Mortality Database. .. ... ... ... ... ...31,991
UC Berkeley - Haas Business School Dean's Initiatives ...603
Berkeley- Innovative
Genomics
Institute COVID-19 ...
.... ....78
Berkeley - Equity and Inclusion
General
... ... ... ... ... ...
......105
Berkeley Center for Human
Compatible
Al (CHAI) ... ..
...1,837
UC Berkeley - Hass School of Business
...... ... ... ... ....21,075
UC Berkeley Boalt School of Law. 96
The East Bay Community
Law Center (EBCLC) Fund.
.. ...854
UCLA
UCLA - Dept of Musicology. 1,475
UCLA- UK Undergraduate
Study Abroad Scholarship.
..3,795
UCLA - Fellowships:
International
Students
/ United
Kingdom. 2,183
Linguistics
fund 53440..
. ..
... ...61
UCLA - GSEIS Dean's Scholars
.
.145
UCLA - COVID19 Coronavirus
Greatest Needs
In
Patient Care A .33
78,666
UCLA Library - Arcadia Trust Endowment.
.. ... ... .........
UCLA Dept of Urology. 74,175
.. ..241
UCLA Anderson
-Centre for Media entertainment.
.. ... .
UCLA Black Alumni
Association
Scholarship
...... ... ...
....154
.
UCLA Luskin School of Public Affairs. .. ... ... ... ...... ..... 29,375
.
UC Davis
Study Abroad. .460
UC Davis Medical Center COVID-19 Support
Fund. .. ... ......45
Davis -Diversity,
Inclusion
and Social Justice Programs
.....87
Santa Barbara
UCSB - London
Alumni
Education
Abroad
Fund. .. ....... ... .743
Area ofGreatest Need. 218
Santa Barbara - UCSB Response
Fund B30629... ... ........ ..59
Santa Barbara - Department
of Black Studies
... ........
... ...117
Santa Cruz
35
Santa Cruz Diversity
and Inclusion
Funds. .. ... ... ... ......... ... .
San Diego
UCSD Alumni
United
Kingdom
Education Abroad Program. 253
COVID-19 Emergency
Response
Fund.
.. .......51
Black Academic Excellence Initiative.
. .. ... .
. ... ..1,046

Unrestricted
funds
Restricted
funds
Total Total
Note 2021 2021 2021 2020
F F
Voluntary
activities
income and
for generating
funds
384,062 329,384 713,446 786,876
Total Incoming Resources 384,062 329,384 713,446 786,876
Resources Ex ended
Total Resources Expended 363,715 330,011 693,726 758,137
Net Resources Retained 20,347 (627) 19,720 28,739
Funds at 1stJuly 2020 26,175 549 26,724 (2,015)
Transfer between funds (78) 78
Funds at 30th June 2021 13 46,444 0 46,444 26,724

(LIMITED BY GUARANT

(LIMITED BY GUARANT
EE)
BALANCE SHEET
YEAR ENDED 30JUNE 2021
Note 2021 2020
f
Fixed Assets
Tangible assets 1,877 3,386
Current Assets
Debtors
Cash at bank
and in hand 3,035
60807
63,842
21,393
29301
50,694
Creditors - amounts
due within one year
falling 9 (19,275) (27,356)
Net Current (Liabilities) Assets 44,567 23,338
Total Assets
Liabilities
Less Current 46,444 26,724
Represented by:
Unrestricted
funds
Restricted funds
46,444
0
26,175
549
46,444 26,724
Notes 2021 2020
F
Cash flows from operating
activities:
Cash generated
from operations
16 31,506 (6,544)
Cash flows from investing
activities:
Purchase of tangible
fixed assets
~3,053
Change
in cash and cash equivalents
period
in the reporting 31,506 (9,597)
Cash
and cash equivalents
at the beginning
reporting
period
of the 29,301 38,898
Cash and cash equivalents
at the end
period
ofthe reporting 60,807 29,301

2021 2020
Grants received for charity's activities (Unrestricted) 366,816 382,762
Rental income (Unrestricted) 11,905 27,630
Restricted
donations
(note 2.1) 329,384 364,850
Contributions to events (Unrestricted) 4,986
Other income (EAP) (Unrestricted) 5,341 6,648
713,446 786 876
.1
Income —Restricted donations
2021 2020
F E
Berkeley 135,759 117,809
UCLA 190,303 243,126
Davis 592 1,095
Santa Barbara 1,137 1,214
Santa Cruz 35 10
San Diego 1,350 900
lrvine 8 25
Riverside 200 203
UC San Francisco
University
of California
Education Abroad Program
329,384 364,382
Allan Buch Memorial 65
Melanic Woiwode
Memorial
403
London Grants Program
329.384 364,850

2021 2020
F
Charitable
Expenditure:
Donations
to
University ofCalifornia (restricted) 330,011 372,571
Travelling
Expenses
1,596 20,603
Scholarships and Grants (restricted) 1,951
331,607 395,125
Support costs:
Rent and rates 38,161 60,502
Salaries and pensions (note 6) 238,359 191,279
Other premises costs 4,512 5,858
(Gain) on foreign exchange 12 (8,663)
Depreciation on tangible fixed assets 1,509 4,117
General
administration
costs 40,496 23,577
323,049 276,670
Fundraising costs:
Fundraising 1,747 4,901
Receptions
and events
(unrestricted) 1,947 42,034
Receptions
and events
(unrestricted)
Subscriptions 3,004 2,096
6,698 49,031
Governance costs:
Audit fees (note 4) 3,300 9,830
Book-Keeping and accountancy fees 29,059 27,468
Companies
House filing
fees 13 13
32,372 37,311
Total 693,726 758,137
4.
Auditor's
remuneration
Total Total
2021 2020
E
Audit fee 4,500 4,750
4,500 4,750
(Over) / under accrual (Including VAT not claimable) 1,200 5,080
3,300 9,830

Total Total
2021 2020
E F
Total staff emoluments for the year were as follows:
Wages and salaries 202,343 161,114
Social security costs 22,175 17,677
Pension contribution 13,841 12,487
238,359 19'I,278

r ofemployees, during the year wa
2021 2020
E E
Administration 5 4

.
TANGIBLE FIXEDASS
ETS
Fixtures,
Computer Fittings &
Equipment Equipment Total
E E
Cost or valuation
1 July 2020 6,791 59,823 66,614
Additions
30June 2021 6,791 59,823 66,614
Depreciation
1 July 2020 4,312 58,916 63,228
Charge for the year 1,018 491 1,509
30June 2021 5,330 59,407 64,737
Net Book Value
30June 2021 1,461 416 1,877
30June 2020 2479 907 3,386

2021
F
Within one year 28,800
Within two to three years 57,600
86,400

~Bcou ht
Forward
Income ~Ex enditure Transfer
between
funds
Carried
Forward
Berkeley
Library Unrestricted 78,728 (78,728)
Haas School of Business - Scholarships 61 71 (88) (44)
UC Berkeley - Fund for International
House
121 196 (316)
UC Berkeley - Undergraduate
Scholarship
Fund 62 (62)
UC Berkeley - Berkeley Study Abroad General
Support
Fund
63 (59) (9)
UC Berkeley- Human
Mortality
Database
31,991 (32,007) 16
UC Berkeley - Haas Business School Dean' s
Initiatives
Fund
603 (603)
Berkeley- Innovative
Genomics Institute
19Fund
COVID- 78 (100) (16)
Berkeley - Equity and Inclusion
General
Fund
18 105 (139) 16
Berkeley Centre for Human
Compatible
1,837 (1,837)
UC Berkeley - Hass School of Business 21,075 (21,270) 195
UC Berkeley Boalt School of Law 96 (96)
The East Bay Community
Law Centre (EBCLC)
854 (826) (28)
243 135,759 (136,131) 129

UCLA
UCLA - Dept of Musicology 1,475 (1,419) (56)
UCLA- UK Undergraduate
Study
Abroad 132 3,795 (3,990) 63
Scholarship
Fund
UCLA - Fellowships:
International
Students / 2,183 (2,179) (4)
United
Kingdom
Dept of Linguistics 12 61 (83) 10
UCLA
—GSEIS Dean's Scholars
Fund 15 145 (140) (20)
UCLA
—COVID-19 Coronavirus
Greatest Needs In 13 33 (65) 19
Patient Care A
UCLA Library
—Arcadia Trust
Endowment 78,666 (78,666)
UCLA Dept of Urology 74,175 (74,175)
UCLA Anderson
—Center for
Media 241 (241)
entertainment
UCLA Black Alumni
Association
Scholarship 154 (150) (4)
UCLA Luskin School of Public Affairs 29,375 (29,375)
172 190,303 (190,483)
UC Davis
Study abroad 15 460 (474)
UC Davis Medical Center COVID-19 Support
Fund
45 (52)
Davis - Diversity,
Inclusion,
and
Programs
Fu
Social Justice 87 (91)
26 592 (617)
Santa Barbara
UCSB - London Alumni
Education
Abroad
Fund 12 743 (743) (12)
Area ofGreatest Need 218 (218)
Santa Barbara
—UCSB Response
Fund B30629 20 59 (79)
Santa Barbara - Department of Black Studies 117 (117)
32 1,137 (1,157) (12)
Santa Cruz Diversity and Inclusion
Funds
35 (35)
San Diego
UC San Diego Alumni
United
Abroad
Program
Kingdom Education 15 253 (218) (50)
San Diego - COVID-19 Emergency
Response
Fund F-6882
51 (64)
San Diego - Black Academic Excellence
E-3300
Initiative 1,046 (1,055)
35 1,350 (1,337) (48)
Irvine —Patient Care and Healthcare workforce (8)

Riverside
Riverside 10 (10)
UC Riverside Education Abroad Program 135 (147) 12
UC Riverside Student Success Fund 200919 31 19 (50)
Riverside —African Student Program Scholarship 46 (46)
41 200 (243)
549 329 334 330011

5.
Reconc
iliation
of
net income to net cash flow fr om operating
activities
2021 2020
Net income / (expenditure)
for year
19,720 28,739
Depreciation oftangible fixed assets 1,509 4,117
(Increase)
/
decrease
in
debtors 18,358 2,067
Increase
/ (decrease)
in
creditors (8,081) (41,467)
Net cash flow from operating
activities
31,506 (6,544)

~econ
ht
Forward
~econ
ht
Forward
Income ~Ex enditure Transfer
between
funds
Carried
Forward
Berkeley
UC Berkeley
—School ofJournalism
Berkeley Boalt —CHEFS (2) 784 (782)
Library Unrestricted 76 78,436 (78,512)
Haas School of Business
—Scholarships
20 61 (20) 61
UC Berkeley - Fund for International House 783 (662) 121
UC Berkeley
—Undergraduate
Scholarship
Fund 60 (60)
UC Berkeley - Berkeley Study Abroad
Support
Fund
General 641 (636)
UC Berkeley - Human
Mortality
Database
36,259 (36,259)
UC Berkeley
—Haas Business School Dean' s
Initiatives
Fund
648 (648)
Berkeley- Innovative
Genomics
Institute
19 Fund
COVID- 119 (81) 38
Berkeley
—Equity and Inclusion
General
Fund 18
105 117,809 (117,671) 243

UClA
UCLA
—Dept of Musicology
1477 (1,477)
UCLA - College of Letters 5 Science - Greatest 75 (75)
Needs
UCLA Library - Transformational Grant 100 (100)
UCLA
—Centre for Medieval
@Renaissance 29 (29)
Studies
UCLA- UK Undergraduate Study Abroad 3801 (3,669) 132
Scholarship
Fund
UCLA
—Fellowships:
International
Students / 948 (973) 25
United
Kingdom
UCLA Library - Open Access 156,464 (156,464)
Dept of Linguistics 61 (49) 12
Center for Middle East Development 79,000 (79,000)
UCLA
—GSEIS Dean's Scholars
Fund 105 (90) 15
UCLA - COVID-19 Coronavirus Greatest Needs In (76) 13
Patient Care A
UCLA Fowler Museum 258 (258)
UCLA Department of Chemistry 923 (923)
204 243,126 (243,183) 25 172
UC Davis
Study abroad (15) 943 (913) 15
UC Davis Medical
Fund
Center COVID-19 Support 147 (141)
Davis - Diversity, Inclusion, and Social Justice
Programs
Fu
(15) 1,095 (1,054) 26
Santa Barbara
UCSB - London
Alumni
Education
Abroad Fund (36) 952 (904) 12
Education
Abroad
Program (2)
Area of Greatest Need 121 (121)
Santa Barbara - UCSB Response Fund B30629 141 (121) 20
(34) 1,214 (1,148) 32
Santa Cruz 10 (10)
San Diego
EAP (7)
UC San Diego Alumni
United
Abroad
Program
Kingdom
Education
754 (739) 15
San Diego - COVID-19 Emergency
Fund F-6882
Response 137 (126)
San Diego - Black Academic Excellence Initiative
E-3300
900 (872) 35

Irvine
UC Irvine 20 (20)
UC Irvine —EAP
Irvine Study abroad 13 (13)
13 25 (38)
Riverside
Riverside (84) 135 (41) 10
UC Riverside Student Success Fund 200919 68 (37) 31
(84) 203 (78) 41
196 364382 364 054 25 549

Brought Income Expenditure Transfer Carried
Forward to funds Forward
Scholarship Funds
Allan Buch Memorial 86 (86)
Melanic Woiwode 2,175 65 (2,870) 630
Memorial
London Grants Program 5,389 403 (6,645) 853
7,650 468 (9,601) 1,483
Other Income— 867 (867)
Restricted
867 (867)
Total Restricted 8,713 364,850 (374,522) 1,508
movements

Income via CAF. .&NPT Income via CAF. .&NPT Income via CAF. .&NPT
Cam
us
2016-17 2017-18 2018-19 2019-20 2020-21
Berkele $273,311 $3,167 $119,959
Davis $1,000 $2,000 $52,000 $15,000
Irvine
Los An eles $18,673 $592,679 $187,299 $12,500 $23,752
Riverside
SanDie o $308,533 $47,900
San Francisco $12,975 $3,000 $10,000 $10,000 $100,000
Santa Barbara $8,452 $3,099
Santa Cruz $496
Annual
Income $314,411 $598,846 $319258 $386628 $186652
UCLA -Income from Europe 2017-20
2016-17 2017-18 2018-19 2019-20 2020-21
Europe $8,059,074 $9,877,000 $13,921,369 $4,443,738 $1,597,693
Total International
Income
$16,348,093 $21,904,485 $23,406,004 $42,011,820 $9,577,819
European
Revenue as %of
International
49% 45% 59% 11% 17%
Income
Total Revenue
Raised
$649,571,314 $880,426,903 $798,124,995 $684,874,197 $611,192,984
European
Revenue as %of
Total Income
1.24% 1.12% 1.74% 0.65% 0.26%
Raised