FRIENDS OF THE UNIVERSITY OF WESTERN AUSTRAUA IN ThE UNITED KINGDOM ANO EUROPE Tntee5, Annual Report and F5n•ndal Ststements Year ended 31 Dember 2022
FRIEND5 OF THE UNIVERSITY OF WEsfERPI AUSTRAUA IN THE iINITED KINGDOM AND EUROPE coKrENTS Le8al and admlntstration Trustees, report Independent examinees repNt Statement of flnanci31 actlvltl Balance sheet Notes to flnandal ststements
FRIENDS OF THE UNIVERSITY OF WESTERPI AUSTRALIA IN THE VNtrED KINGDOM AND EUROPE Le8al and Admlnlstratl¥e Infornbthn Reglstered Charlty number ill1961 Trusiet5 Iwho act•d durlp8 th• year) Catherine Holmes a Court-mather Ichalrman) AlexarKler Barblett Roland Nattrass Robertjewkes Kristy Duane David MacKinlay Ifornier chalrman. resl8ned 27 May 20231 Dlck Porter (resigned 27 May 20231 Postal Address 265 Saunders Lane Wokin8 Surrev GU22 ONU Ind•pend¢nt Examlner Davld Swan FCA (ICAÉW & ICAANZ) Page I
FOR THE YEAR ENDED 31 DECENW 2022 The trustees present thelr reporL together with tt finandal ststements of the Charrty for the year ended 31 December 2022. Frlernls of the University of Western Australla In the Unlted fHwdom and Europe Is goVed by Its Trust Deed datsd 27 September 2CN)7 lamerKled 4 Aprll 2011) and wa5 reglstered w5th the Charlty Commisslon on 12 December 21))7. number 1121961. The Tn6tees who served throughout the year a shown on pa8e l. They are re4nsIble for the overall 8ovemanr£ and mana8ement of the buslr&s ofthe charity. The charlty uses the UWA Alumnl Ilst for the UK resldents as the basb of tnthee recrultment. Connectlons wlth a relevart pool of Alumnl are malntsSned and as an exIst1 Trustee Indlcates they wlsh to conslderstandlng down, the tnistees d[xU an appropriate replacement- then approach that person and Ff they a wlllln8 to become a Trustee a vote Is tsken at the Trustee Board and an appolntment made. Frlends of the Universlty of Western Australla In the Unlted Kln8dom •nd Europe's obJectl¥es are for the Trustees to appty the Inryxne and all or parts of the capltsl ofthe Trust fund towards: i) The educatk>n of the publk by promotbn, supporL asslstsnce and Improvement of the UnlversSty of Western Australla throw the actfvltles of a group of frlend5 In the Unlted Kln8dom ond Europe. The furtheran generalty of the charFtable purposes of the UnSverslty ofWesternAu5tralS8 and encouragement ofthe development of f4cl11t whkh It affords. The makln8 of grants tt> the Unlver51ty of Western AustraHa or such charttabk Instltutbn or InstltLrtlons havln8 slmliar oblects. iii} The trustees have referred to the 8uldance contsined In the Clkirlty COMMISOn'S 8enernl guldance on publlc benefftwhen revlewln8 thelralm5 and objethes. The polky set ty the trustees Isto support a varw of tharltable projects In the future in makln88rantsto otherorganisatlon5 at theirdiscretlon. In dolng so the irustees 8fve due conshJeTrtlon to the nature of eath organlsatlon elther as a UK reglstered charfty or a ¢ommunty not for profft Pro A¢hlov•ments and perforrnan During thè year ended 31 De¢•nber 2022 Frfends of the Unlversltyof Western Austrnlia in the Unlted Kin8dom and Europe hld 3 events for alumnl. En8a8ement wtth the Interested athllence Is through the annual newsletter wlth a Stro uptske. The expenses incurred In reFatlon to raislTrd funds relate to those events. In addltlon, totsl donations and le8acles were totsl1lJ £49,622 (2021: £11.556} which are payable to the Untrrfersty of Westem Australia for wific w)pc The finanaal results forthe yearare detsiled in the Ststementof finandal Actfvltles (SOFA) set out on pa8e 5.
TrUSTEES' REPORT FOR ThE YEAR ENDED 31 (KEM 2022 It is the polty of the charity to maintsln unrestrirted fvnds that can meet Jll charltable actfvttles and governance costs. The TrteeS believe that the reselves are sufficient for current Purpos and these are revlewed on a regular bas5& The Trustees are confldent of the charws finandal positkln and futhre relevano and see tt as sustainable stron8 or8anisation. The frustees do not have ary concems around the approprlatene$5 of the 8oln8 concern a55umptlon. Slatsmefit of trust+ reSpobIlItIeS The trustees are responsille for pparfng the Trustee< Rewrt and the financlal statements In accordance whh appllcable lawand United ngdorn Accountin8StandardslUnlted KlnBdom Generally Accepted Accountln8 Prathl. The law appllcable to chrWes In Erwand & Wares requlres the trustees to ppare flnancial statements for ea¢h flnanclal y&ar whkh 8fve a true and falr vlew of the stste of affairs of the charlty and of thè Incomln8 resources and appllcat5on of resources olthe CrItyfOrthllt perlod. In preparln8 these financEal statements. the trustee5 are rtqulred to: select sulrable accountSn8 poltcles and then apply them cOnstenty, observe the methods and prlnciples In the thaiities SORP IFRS1021. makeJud8ements and estlmates that are reasonable and prudent. stste whether appllcable accountln8 Standards have been followed, subject to any materlal departures dlsclosed and explalned In the finandal ststements; prepare the flnandal statements on the 8oln8 concem b•sls unless ft Is Inapproprlats to presume th•t the charlty wlll contlnue In buslne5k The trustees are r•4K)nslble lor keepln8 proper accountlrq records that dlsclose wlth rea50nèbfe accuracy at anytlme the finan¢l•l p05itlon of the charlty and enable them to enwre that the financlal statements comply wfth Charltles kt 201L the CharFty (Accounts and Reports) Regulatbns and the prOS1on5 of the trust deed. They are also ponsIble for safe8uardlnB the assets of the charlty and hence for takln8 reasonable steps for preventlon and detectbn of fraud and other IrgUlat[es. The trusteesare SPOnsible forthe malntenance and Inte8rlty of the chartty and flnanclal Infomiatlon Included on the drS websfte. Le8lslatlon In ttr* Unlted Klngdom g(Nemlng the prepardtlon and dFsseminatlon of financlal statements may dlffer from le81slatk>n in otherjurfsdlctlons. Signatu J Jewkes. trustee Date P8ge 3
FRIENDS OF THE UPIIVER51TY OF WESTERN AUSTRALW IN THE UNITED KINGIThI AND EUROPE 114DEPENDEKf EXAMINER'S REPORT TO TRiISTEES l port to the trustees of Friends of the University of Westem Au5tralFa In the Unlted Kin8dom and Europe I'the Choriiv) for the ye•r ended 31 Decemeber 2022. Responslbllliles Ind b• ol Report As trustees of the Charity, you are responslble for the preparatK>n of the accou{ of the Charity In accordance wlth the requlrements of the Charltles Act 20111lhe Act.). I report In respect of my examinatlon of the accounts of the Charfty. corTled out under settlon 145 of the Act. and In carryin8 Out my eyarnination. I have folk>wed all the applkable Dlrertions 8iven by the Charity Commlsslon under sectlon 145151{b) of the Act Ind•p•nd•nt •xafflln•Vs stat•m I have completed my examlnatlon. I confinn that rK4 materfal matter5 he come to my attentlon In connectSon wlth the examlnatlon glvlng n)e cause to belteve th•1 In ary materlal iespeet.. ccountln8 recor¢ts were not kept In respect of the Charlty requlred by sectlon 130 of the Art: or 2. the accounts do not accord wlth those records: or 3. the accounts do not comply wtth the applkable requlrements Concern1 the form and content of accounts set out In the CharItS {Accounts and Reports) Re8tIOnS 21J)8 other than any reqlrement thèt the •ccounts glve a 'true and fairf ¥bew whlch Is not a matter con51dered s part of an Independent examlnatlo I have no concerns and have come acr$ no other matters Sft connertlon wlth the exarnlnatlon to whlch attentlon should be dTrwn In thls report Sn order to eble a proper understandln8 ofthe a¢counts to be reached. 13.9.'13 DJSwJn Name: Oavld John Sw•n Relevant professlonal qualification5 or membershlp of professlonal b¢die& FCA {ICAEWI: FCA {ICAANZ) Address: Whlte Rose Fo. Hextalls Lane Bletthirley. Surrey. RHI 4QT Page 4
FRIENDS OF THE UNIVERSITY OF WESTERPI AUSTRAUA IM ThE UNITED KINGDOM AND EUROPE STATEMENT OF ANANaAL AcrivmES FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2022 2022 2021 (Not examlnedl Total Unrestritted Restrftted Funds Funds Totsl Notes In¢¢Mn¢ from: Donat5ons 49,622 49.622 11.556 Fundra55ing 9.904 TOTAL INCOME 49.622 59.526 11,556 Exp•ndltur• on.. Ralsln8 fund5 Charltsble actlvltles 9,947 12,616) 9,947 47,006 1,556 4.096 49.622 TOTAL RESOURCES EXPENDED 7.331 49,622 56.953 5.652 Net Incomlng resources for the year 1573 2.573 Openln8 fund balances 10.105 3,220 13,325 7.421 Closln8 fund balances 12.678 3,220 15.898 13,325 The Note5 on the followln8 pages fcym part of these financial statements Page 5
FRIENDS OF THE UNIVERsrrY OF WESTERN AUSTRAUA IN THE uNrrED KINGDOM AND EUROPE BALANCE SHEEr AT 31 DECEMBER 2012 Notes 2022 2021 examlned) Current Assets Cash at bank Debtors 24.628 iii 33,873 422 24,739 34,295 Credltors Due wlthln one year 8,841 20.969 Net Assets 15,898 13.326 Funds Unrestrlcted Funds Restrlcted Funds 12,678 3,220 10,105 3,220 15,898 13,326 Approv he Tru on 131912¢LS- - Trustee The Notes on the followlng pa8e5 form part of these financial ststements Page 6
FRIENDS OF THE UNIVER5rrY OF WEsfERN ALISTRAUA IN ThE Ut4rrED KINGDOM AND EUROPE NOTES TO THE FINANCIAL STATEMENTS lor the ended 31 tlecember2022 Note i Accounting Pollcles The prlnclpal accountlng pollcies which are adopted in the preparation of the financial statements are set out below. Due to the level of income, below $25.(KM). the finanoal ststernents for the year ended 31 December 2021 were not Independentty examined (refer Note 9}. 84$1$ of 8¢Muntl The flnandal statements have been prepared under the htstorical cost conventlon wlth r(ems recogn15ed at cost or transartion vale unless otherwise stated in the relevant notelsl to these accounts. The flnandal statements have been wepared in accordance with the Statement of Recommended Practi. Accountlng and Reportin8 by Charltle5 preparlng thelr account5 in accordance with the Flnancial Reportln8 Standard applicable In the UK and Republlc of Ireland IFRS 102) Isecond edltlon) and the FInaF01 Reporting Standard appllcable In the Unlted Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. The flnan¢lal ststements have been prepared to glve a true and fair vlew of the state of affalrs of the charlty at 31 December 2022 and the financlal actlvftles for the year then ended, and have departed from the Charrties (Accounts and Reports) gulatIOnS 2ts)8 only to the extent qUIred to provide a true and falr vlew. Thls departure has Involved followln8 Accountlng and Reportln8 by Charitles preparlng thelr accounts In accordance with the Financial Reportln8 stsndard appllcable in the UK and Republlc of Ireland {FRS 102 second edFtlonl rather than the A¢counting and Reportln8 by Charltles: Statement of Recommended Practlce effectfve from l Apdl 2005 whlch ha5 slnce been wlthdrawn. Advantsge has been taken of the exemptTron for charltles with Incorne less than £5,LI)0 from preparlng a cash statement. The charlty conrtltutes a publir benefft entlty as defined by FRS 102. The trustees consider that there are no materfal uncertainties for the tharlty's )blllty to cOntIn as a 80iiw concern. Ineom• Donatlons and Legacy Income is recognised in the year in whlch the chadty Is entttled to receipt and the amount can be measured wFth resonabie certainty. Expendltur• Liabilities are recognised a5 expendlture as soon as there 15 a le8al or constructive obllgation commlttlng the charity to that expenditure. it Is probable that settlement will be requlred and the amount of the obli8ation can be rneasured rellably. The chartty Is not VAT re8iStered and therefore any VAT Incurred Is charged against the relnt endItre item. The charity is a registered charity under the Charitie5 kt 2011 and UK tax Is not appllcable to Its charitable activities. Fund a1)untI Funds held by the charityconsist of Unrestricted and Restrirted fund5. Unrestricted funds are Page 7
FRIENDS OF THE UNIVERSITY OF WESTER14 AUSTRAUA IN THE U141TED KIIIGDOM AND EUROPE NOTES TO THE FINANCIAL STATEMENTS (conthMj forth¢ ended 31 De¢ember Z022 available for use in accordance wrth the charttable objects at the discretlon of the trustees. Restrirted fvnds must be applied towards specific uses or ttems of expendUre as determined by the donorlsl. Flnanclal knstruments The charlty only has financial assets and liabilrties of a klnd that quallfy as baslc financlal Instruments. Ba51c flnanclal instruments are Initially reco8ni5ed at transartlon value and subsequently measured at their settlement value w¥th the exceptlon of bank loans Ilf any) which are subsequently measured at amortised cost usin8 the effective interest method. Note Z Income Total Unrèstricted Re5trirted Donatlon5- no glft ald Oonatlons- th alded Glft ald 48,788 667 167 667 167 TOTAL INCOME 49.622 49,622 Total 2021 Unrestrfeted Restrlcted Donatlons- no 81ft ald * Donatlons- gft alded Glft ald io,( i0,c) 1,245 311 1,245 3CKI TOTAL INCOME io,( 1,545 11,556 ' Oy mutual agreement, thls amount of £10.1 was transferred from funds held In trust for the Unlverslty of Western Australia to Unrestrftted funds. Note 3 Expendlture on rabln8 funds Totsl 2022 Unrestrlcted Re5trlcted Events 9,947 9.947 Total 2021 Unrestrfrted Restrlrted Events 1556 1,556 Page 8
FRIENDS OF ThE UNIVERStrY OF WEsfERN AUSTRAUA IP4 ThE UNITED KINGI)OM AND EUROPE NOTES TO THE FINANCIAL STATEMENTS {ntInUed forthe year ended 31 Deumber 2022 Note 4 Expenditure on ¢haritsble activities Total 20 Unrestrrcted Restrtcted Grants to UWA Audit fees Bank charges Reversal of over4ccrual- audlt Webslte Other 49,622 49.622 148.1M) {3.LKKI.(X)I (3,(MXII 151.CKI 12,616) 151 47,LK16 49,622 Tot•1 2021 Unrestrfrted Restrkted Grants to UWA Audlt fees Reversal of over-amal Bank charges Webslte Other 156 4,096 4.096 Note S Debtors 2022 2021 Unclalmed Glft Ald iii 422 Note 6 Credltofs 2022 2021 Oue within one year: 8alance of funds held on trust Audtt fee payable Due to UWA 8.730 9.330 iii 8,841 8,639 20,969 Page 9
FRIENDS OF THE UNIVERSITY OF WESTERN AllSfRAUA IN ThE uf4iTED KINGI)OM AND EUROPE NOTES TO ThE FINANCIAL STATEMENTS Icontlnued) lorthe year ernled 31 December 2022 Note 7 Restricted Income Fun(ts 2022 Fund balae5 Ixought forw4rd Incomlng resources Outgoing Fund balances resources carried fonvard Scleno dlnner University of Westèm Australla Fundraisin8 dlnner 3.220 3,220 49.622 {49,622) 3.220 49.622 149,6221 3.220 2021 Sdence dlnner Unlverslty of Westem Australla Fundralsln8 dlnner 3,220 3,220 8,639 18,6391 3,220 8.639 18.6391 3,220 Not• 8 Related party transactlons Ourlng the year ended 31 December 2022. certaln costs of the Charlty were pabd for by trustees who were then relmbursed. Totsl relmbursements amounted to £8,524 {2021: £nlll. There were no other related party transartlons. Note 9 Prlor perlod Statement of Flnandal Actmtles The ineome of the Charty forthe prlor pertod ended 31 December 2021 was below the threshold of £25,CKD whlch. under the re8ulatlons of the Charities Act 2011, exempts the Charlty from the need for an Independent examlnatlon. Accordlngly. the flnancial ststements indudlng the Statement Of Financlal Activltles for that perfod, have not been independently examined. Year ended 31 December 2021 UnreslTkied funds Restrlrted funds Openlng Fund Balance Income from: Donatlons Glft ald 4,201 3.220 i0.x) 1.245 311 1.556 lo, Resources expended: Bank fees Audlt Charltable octmeS 156 3,940 1.556 1,556 3,220 4,096 ,ios Closing fund balance Page 10