ANU ILK) FOUNmATIOY DIRECTORS AliD TRUSTEES REPORT AIYD FTh AThCIAL STATEMENTS FOR THE YEAR EYI DED 31 DECEMBER 2020 Compally No: Ib643605S (EllgI￿d and Wales) c?￿￿ty No: 1123279 ANU UK FO NDATION Administrative Infomiatron DirectOTS and Trustees Report Ind¢pendent Examiner5 Report Statement of Financial A¢tlVtilC5 Balance Shttt Notes to the Financial Staternenis 9- 12 (i) UK FOLI ATION ADMINIST VE INF RMATION DIRECTORSITrUSTEES Profe55or R G Mccorquodaie Professor B P Schmidt C Lydll C Gargour R G Clark SECRETARY Chapel & York Ltd COMPANY NUMBER 06436055 (England and Wales) CHARITY NUMBER 1123279 REGISTERED OFFICE o Chapel & York Unit 12, Lady Cr055 Business Park Hollow lane Domiansland Lingfleld Surrey RH7 6PB tNDEPENDENT EXAMINERS Sargent & Co Chartered Accountsnts & Reporting Accountsnts 219 Croydon Road Caterham Surrey CR3 6PH ANU FO NDATION (2) MPANY lio. 4360S5 .NGLAYD & WALE DIRECTORS AND TRU ES REPORT F R THE YEA ENDING 31 DECEMBER2 The rnembers of the board, who are trusrees for the purpose of charity law and directors of the company for the purpose of company law, present thcir annual repon iogether ￿1th the financial statements of th¢ foundation for the year ending 31 December2020. The f]nan¢iai Stsfrmentscomply with the Chariiies Act2011.the Companies Act2006. the Memotandum and Articles of Aswiaiion, and Accounting and RqK>rrAng b). Chariiies.. Sta￿rnent of Recornmellded Practice applicable to Charitie5 preparing their accounts in aecordaT)ce with th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) (effective l January 2019). OBJECTIVES AND TIVITIES FOR PU'BLIC BEN IT The purpose of the ANU (UK) Foundaiion is to facilitate the advancemeni of education. The ￿Stee5 onfirm thai they have been referred io the Charity Commission's guidance on public benefit when reviewing the foundaiion'5 aims and tA>jective4 in planning fvture activirie5, and selling the grant making policy for the vear. In 2020, the ANU (UK) Foundation activit1¢5 were supponing the Australian National Univet5ity (ANU) by egtablishing and advancin8 relationshtps with Alumni, frier]ds and donor5. and raising funds, 5UPPOrting key programs and projects. These included the following.. ndon Al ni Scholarshi Fundraising for thi5 Scholarship was a key aciivity for the Foundation in 2020. These funds will be Used to support each year. in perrthity, an ALD $8.(K)O scholarship to on¢ ANU und￿gradllate Student for th¢ duration of their 5tudv {up to fjve yeaT5}. Each student will also be invited to join our 12.month long First-year Experience program, developed in response kn our n¢￿ admissions sch¢me to welcome students from regional. rurdl, remoie and low-SES background5 and ¢n5ure thev find appropriate support and a sense of community ai ANL). The recipienl of the s¢holar5hip commencing in 2021 has been ¢onfimied. Sustaina le FamJin￿l¥t nrti The f[￿d5 will be used to support the Universiws Sustainable Faming initiative_ For two de￿des, researchers frorn ANU have eollect¢d data froln fanns across SouthEasiern Australia as part of one of the largest. long-tem) SI￿dIeS of its kind in the worId. Sustainable farn15 ￿Pand5 upon ihis resear¢h and includes frnancial and mental health research designed to f0T￿￿lY identify and eharact¢rise the relationship between improved env[ron￿entaI management of agricllllural land, fami profitability and the mental health of farniers. The project w'ill ensure famers are properly educated on th¢ environmental, finantial and rnental health ben¢fits of adopting su51ainable farniing and in dDing so, promote the upt2ke of these prafflices_ e Clark Scholarshi Each year the Aliu College of Asia and the Pacific may offer two award5 known 15 the Dr Claire Clark Scholarship. focusing on International Relations and Public Poliry. The Claire Clark Scholarship is awarded to students who have airwady demonstrdted outstsnding academic ability, as aEk indi¢ation of their future potentiaI impact. The s¢holarship makes a lthing irnpact on a 5tudenVs life- enabling and ercouraging them to pursue fvrther srudies which in ntm will Positively impact their life as a student and their future professional rareer. The Claire Clark Scholarship is ihe highest level of scholarship offered by the College. (3) knu FOUN TION MP ND & WALE IRE RSANDTR. TEES REPORT FOR EAR EYDING 31 DECEMBER 202 Ilan Mu s mad¢ Thi% donation has been put iowards the Vice-chancellor's Strategi¢ Priorities Fund. The purpos¢ of this endowment is to provide support for the University's sirategic priorities. Funds are spent at the discretion of the Vice-chancellor. Management and disbursement of fiinds will be undertaken by the delegate who will review the fund Semi-annually and provide rec4)mrnendations to the Vice-chancellor on the disbursemeni of these funds in support of University Sntegic priorities. -Jon don of £10 toANU. AC The main a¢hievem¢nt for the ANL (UK> FOUnd￿]0n this year is the number of d(wation5 received frorn new donors. This has been a priority for the ANU Advancement Team &$ li continues to build Stronger relationships with their Alumni. friends and donors promoiing the strategi¢ prioriti¢% for ANU and ¢n¢ouragbng support for the ANU (UK) Foundation. OFparticular are the uenerous donations from Allan Murray-Jones and Russell Clark to the AXU (UK) Foundation, and the events carried out in London (both in person and vihThally in 2020) to h￿hlight the WOTk of the ANU. Moving forwrf th¢ ANU (UK) Foundation Board are keen to build on the momenftun gained over the last few years. Goals are to focus the Board's efforts on supporting 51fdteoic prioritie& gr(wth of th¢ Board membership. broadening and deepening •)gagement of UK Alumni. volunteers. frithds attd don0￿ and further encournging philanihropic giving to the ANU (UK) Foijndation INANCIAL REVIE NT AND PERF The UK foundation is entirely reliant on donations and related gift aid. During this partkcular year. we are ple￿d io report income from this source of £89.330 (2019 - £162.995). This has enabled u5 to coniinu¢ making ￿an15 to Lhe ANL. Grallts of £145 J05 were approved for payment during this year (2019- £165,9i7). The ANU continue5 to support the UK fO￿datiOn by meeting the gov¢rnance and administration costs incurred by the UK foun{1￿10￿. RESERVES POLICY The UK fi)undaiion is a UK charity with little operational objectives and activities. Its primary aim is to help the furtherance of edu¢ation. to ANU. however not re5MCt¢d to. Therefor< reserves are not as necessary as a charity that h&$ operational services that have beneficiaries, dependaftt on the svvices carried out. At the yw end the charity had unrestricted rtrerves of £947 (2019- £1.078). The policy of the bi]st¢es for the lime being is to maintain only a small rcserve within its unrestricted Te$ou￿¢S fLmd. This is because commitrnents will not be Tnade beyond donations Y￿e1Ved and the Australia National University has agreed with Cha￿1 and York and the Company it will meet the costs of adminisTrring the company and the charity. GRANT MAKING POL In furtherance of it5 chariiable objectives nobj abov< the UK foundation has made grants solely to ANU. However. the truS￿e5 are op¢n to as5e5sing applitrations from any charitable organisation that is working in the field of education and will asses5 each application based on its ability to contribut¢ to the 5trategi¢ aims and the availability of fimding. AN UK FOUNDATIO (4) cOmP￿Ny NO.Ih436 55 WALES DIRECT RUSTEES REPORT FOR THE EAR ENDING 31 DECEMBER 2 RISK MANAGEMEN The tNstees have exaTnined the rnajoT strategic, business and operdtional risks which thE charity faces and ihat Systems have been, or will be. established to cnable the necessary Strps to be taken to lessen these risks. The wnain risk to the charity is thai donation income decrease5 which would significantly reduce the level of charitable activity possible. PLANS In the future. the UK foundation plans to continue to facilitate the advancement ofedu¢ation and expand upon its fundraEsing etyorts in the UK, buildiog Stronget relationships with alumni. Funds raised will continue to be used in firtherance of the L'.K foundation's mi55iOh to support educatlDn. TRUCTURE GOV ANCE AN MANAGEMENr Thc UK foundati(Trn is a registered Charity. number 1123279, and is constituted ￿ a cornpany limited by guarantee and therefore governed by a Memorandum and Articles of As50ciati(m. The eharity is organised so its directors and trustees mett ai various intervats and exercise responsibility for its governance. In the inteThening periods the secretary d¢als with the routine busine&%. All trustees give their tirne freelv and no mtsieeremunernion was paid in the y&v. In additÉon. no tNstee had any beneficiaI intcres( in anv contract with the charity during the year. Any out ol. pockei expenses reirnburs¢d to the tswstee5 are shown in the notes io the accounts. REFERENCE D DEMON TRATIVE INFO TION The admtnistrative inform￿lon is set out on pag¢ l of th¢se financial statements. The directors of the UK foundaiion are its trnstees for the purposes of Charity Law. The truslees and olyicers *rving during th¢ year and since the year end were a5 follows:_ Professor R G ML cCoryuodaIe Professor B P Schmidt C Lyall B Miles C Gargour K G Clark (appointed 3 March 2020) The Board has the power io apwini additional trustees as it considers fil 10 do so. (5) FOUNDATION PATr4Y NO.06430055 £liGLAND WA DIRE RS Afq RLSTEES REPORT FOR THE YEAR ING 31 DE EMBER 2020 TRUSTEES RE SIBILITIES IN RELATION TO THE FtN AL STATEMEN Th¢ UK found4ti0n's trustees (who are also the directors of the UK fO￿ndatIOn for the p￿poSeS of Company Law) are responsible for preparin(y a trustees. annual report and financial ￿Atements in accordan¢¢ with applicable law and United Kingdom A¢countin8 Standards (United Kingdom generally accepted Acrounting Praciice). Company law requires the UK foundation trijsiees to prepar¢ fjnancial statements for ea¢h year which give a ttue and fair view of the state of affairs of the charitoble conJpany and of the incoming resources and appliration of resources, including the income and expenditUTe, of the charitable company for that period. In preparing the financial 5tatemenis. the ffiisiees aTf required to: Select suitsble accounting polici¢5 and then apply them con5i5tently- Obs¢rve the methods and principlcs in the Charitie5 SORP. Make judgements and esiimaks thar are reasonabl¢ and prud¢nL State whether applicable Accounting Standards have been followed, subject to any material departur¢s that must be di￿10$ed and explained in the fittsncial statement5; Prepare the financial statements on the going conc¢mbasi5 unless it i5 inappropriate to presume that the UK fol￿dation will coniinue in business. Thetrustees are responsible forkeepingproperaccountiDg records that disclose with rea%onable accurdcy at any tim¢ the financial position of th¢ UK foundatioD and to enable them ts) ensure that the finanrial statements comply with the Companies Aci 2CrfK. They are also responsible for safeguarding the assets of the charity and taking reasonable Steps for the PFevention and detrction of fraud and other irregularities. This report has been prepared in accordanrx with the provisions applicable to the small company exemption in the Companies Act 2006 in the Companies Aci 2006. This report was approv￿ by the board on 21st April 2021 and signed on their b¢half by.. Director and Trustee ANU UK FOLINDATIO (61 NDEPENDENT EXAhlINER'S REPORT TO THE FOUNDATION FOR EES FAN HE YEAR ENDED JI D CEMBER 2020 I report lo the charitv tntStees on my exajnination of the accounts of the company for the yvdr ¢nded 31 December 2020 Which are set out on pages 7 ￿ 12. Responsibilities a￿d ba$1$ of report As the charity mjstees of the companj. (and also its directors for the purposes of¢ompany law) you are responsible for the preparaiion of the accounts in accordance with the requirements of the Companies Act 20061'th¢ 2006 Act.). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eli. ible for independent examin81ion. I report in respect ofmy eKatnination of your compaTty-s accounts as carritd out under section 145 of ihe Charities Act 2011 ('the 2011 Ath.). In carrying out my exalnination I have followed the Dire£tions given by the Charity Commission und¢r section 14515Kb) of the 2011 Act. IndepeDdeNt examiner's statement I have completed my examination. I confinn that no matters have come to my attention ID connection with the examination giving me Cause ro believe that in any material respec1= a¢counting records were not kepi in r¢spect of the cornpany as required by s¢ction 386 of the 2006 the accounts do not accord with those records" or the accounts do noi comply with the accounting requirements of section 396 of the 2006 Act other than any require]neni that the accounts give a'trlle and fair vi¢w' which t5 riot a matter considered as part of an indwndent examinaiion; or the accounts have not been prepared in acc¢)Thlance with the methods and principles of the Stst¢ment of Recommended Practice for a¢¢ouniiTtu and rcporting by charities applicable 10 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no con attention sho reached. co inthi be dra acTOSS no other matters in connection with the examination to which eport in order to enable a proper understsnding ofthe &GOLmts to b¢ Alison Sarg¢nt Sargent & Co Chartered Accountants 219 Croydon Road Caterham Surr¢y CIU 6PH CA Dated..21 ArL12021 {71 FOUNDATION STATEMENT OF FI)TANCIAL AcfivIT FOR THE YEAR ENDED IDE EMBE umm of Income ndi re Accoun 2020 stricted Tota] Fund estrict Funds Note 201 ome Donations and Gift Aid 78.542 10,788 89.330 162,995 Other Income 17 Total Fncom¢ 89 Charitable activities Total Expenditur¢ 10919 Net Income and net mov¢m in fund for (S5,￿XI) (56.03 1) (3,126) Balance brought fonvard 60 Balance carried fon¥ard 947 The statrment of fmancial activities includes all gains and losses recognised in the year. The notes on pages 9 to 12 forni part of these fin#ncial ststements. AN FOU,NDATAON (8) COMPANY ￿0.1 ENGLAJI TD & WALE BALAINCE SHEET S AT 31 DECEMBER2020 CURRENT SETS 20 2019 tkbtors 6,265 Cash at Bank and in Hand ITORS.. AMO NTS FALL THIN ONE YEA 32.543 57.328 NET RRENT AS NET AS FLJNDS Restricted Funds 350 56.250 Unrestricted Funds 947 078 MEMBERS FUNDS 297 For the f]nancial year ¢nded 31 December 21f20 the company wa8 entitled to exemption from audit under Section 477 of the Companies Act 2006. The directors acknowledge their responsibilities for comptying with the requireJnents of the Act with respttt io aceouniing records and the pr¢paration of financia] ststements. Th¢ members have not required the company to obtain an audit of irs financial statements for the year in question in accordance with S¢ciion 476. These financial staterncnts have b¢en prepared in accordance wtth the provisions applicable to Companies subjecr to the Small Companies Regime and in accordance with FRS102 SORP. The financiai statements were approved by the B(wd 0rDir￿ors and authorised for issue on 21" April 2021 and are sigTred on its behalf by". Dirertor and T￿￿tee- The notes on pages 9 to 12 fomi part of these financial statemellts. {9) TNDATI NOTES TO HE FIYA)T IAL MENTS R T E YEAR EliDED 31 DEC ER 202 . TING POLICIES of Pre on of Financial Ststements The fjnanchal ￿atements have been prepared in ac¢orda)ce with the Accounting and Reporting by Charities.. SrateTneni of Recommended Pradice applicable to Chatities Preparing their accounts in a¢¢ordance with the Financial Reportingstandard applicable in th¢ UK and Republi¢ of Ireland (FRS1021 IChariti¢s SORP 2019 (FRS102)1. th¢ Finan¢ial Reporting Sthndard applicable in the UK and Republic of Ireland (FRS102). the Companies Act 2006 and the Charities Act 2011. The ANU (UK) Foundation mects the definition of a public benefit eniity under FRS102. Agsets 2nd liabilitie5 are initially recog)ised * hi5torital cost or transaction value unless otherwise stated in the relevant accounting policy notes. The financial statemen15 aTeprepared ona goingconcern b&%14 asno material uncertainties exisL and underthe historical c051 convention. The financial sratements )re presented in sterling whi¢h is the furtctional ¢urrency ofthe charity. Income is recognisedwhenthe charityhasentitlementto the is probable that the in¢om¢ will be receiyed and the amount of income receivable can be measureA reliabty. Donalions are recognised when the foUnd￿lOn has been notified in writing of both the amowit and settlement datr. endi Expenditure 15 re¢0￿1]Sed ¢￿ce there 1$ a legal orconstnKtive obligation committing the charity to that expendiwre. it is probable that settlement will be required and the amouni of the obligation can be reliably measured. All expenditure is accounted for on art accTuals basis however at the present tim¢ the adminitration and govemance expendit1￿ forthe Foundation is paid by the Austrdlian National University. Formore inform￿l￿n on this please Stt Note I I below. d) Fund a￿)UntIn Unrestricted fvnds are available io spend on activities that fvrther any of th¢ purposes of ihe charity. Resrricted funds are donations whieh the donor I￿S specified are to be sol¢ly used for a particular area of the Foundation's work or for S￿]riC projc¢ts undertaken by the Australian Narional University. D¢btOTS are recognised at the settlement amount due once it has been established that the FouDd&ion is entitled to the income. ANU NDATION (101 NOTES TO THE F IAL STATEMEIYTS FOR THE YEAR E.Y ED 31 DECEMBER 202 ACCO G POLICIES Continue andinh Cash at bank and ca5b in hand includes cash and shon tenn highly lucrative assets with a short maturity of 3 months or less from th¢ datr of acquisiiioN or opening of rhe deposit or similar account. g) CrEditors an mvisions Crediion and provisions are tE¢ognised wherethe charity has a pr¢sent obligation resulting from a past event thai will pmbably result in the transfer of funds w a third pany and the amouTtt due to settle the obligation can be measured or estimaied reliably. Creditors and provisions are nornially r¢co8nised at their settlement arnouni L STAT F THE TRLST D COMPANY INFOKMATI The trust is a private company, incoEporated in England and Wales. limited by guarantee and has no share capital. In the event of the charity being wound up the liabiliry in respect of the uarantee is litnited to £1 per member of the Cbariry. The regtstered office is 12 Lady Cross Busin¢ss Park. Hollow Lane: Dornianslartd. Lingfield, Surrey, RH7 6PB. NATIONS AN GirrA Restricted 2020 nds Fun Total 019 Total Donation5 62,834 10.630 132,390 Gift Aid Recoverdble 70 15 78 162 995 ANAL YSIS OF EXPF.NDITURE TABLE ACTIVITIES 2020 Grdnts to Australian National University 145,305 165.937 Bank Charges and other costs 201 145 166 138 The Charity und¢rtakes charitable acirvities through g￿t making alld awarded grant5 to the Austsalian Nalional Universrty in the fitherance of its charttable activities. TAXA TION A5 the Charity is io fd¢ilitat¢ the advancem￿]1 of education At is not subject to Corporation Tax. NU UK NDATION TES FIIIAS IAL STATEMENIS R THE EP4DED 31 DECEMI BER 2020 TRUSTEES No remuneration was paid to any misiee during the year, neither wer¢ any other ben¢fits from employment with the chariry received and no ¢x￿15¢S w¢r¢ paid out. None of thes¢ oc¢utTed in the previous y¢ar In addition. no tntst¢¢ receiY¢d payment for any profrsSLonal or other services supplied to the Foundation. 2020 2019 DEBTOR Other debtOT5 Inrorne T&x Recoverabk CRF.DITORS.. AMOUNT wi NE YEAR LING D Grants payable 31.237 Other ¢reditors aTKI AC¢n￿lS Inc Unrestricied Fund: 47 Restricted Funds: RSES Equity Scholarships London Alumni Scholarship Dr Claire Clark Scholarship 25.OLM) i1250 (25.0001 (52,025) 21.125 350 Sch laTshi - The puw of the fvnd 15 to suppoo through RSES in Earth Sciences Opportunity 8cholarships, an ANU Lindergraduate or postgraduate student pursuing smdies who experienc¢ difficulties which require fin8ncial assisthnce w ¢ommencc, continue or compleie their sThdies. Dr Claire Cl k S - Each year the ANLI College of Asia and the Pacific may offer two award5 known as the Dr Claire Clark Scholarship. Iocu5ing on International Rel*ions and Public Policy. The Claire Clark Scholorship is awarded to student5 who have already demonstrated outstanding acwJemi¢ ability, as an indication of their future potential impact. The scholarship Tnakes a l&ting impact on a Sludent's life- ¢nabling and encourdging them io pursue further 5tudi¢$ whicb in will tM)silively ifftpa¢t their life as a student and their future professional career. The Claire Clark Scholarship 15 the highest leY¢l of scholarship offered by the Colle8e. ANU LK FOLND (12} ION NOT S TO THE FINAN STATEMEN OR THE YEAR E.TriDED31 DECE ER 2020 FUNDS Continu on on AlumnT Scholarshi will award each year and in perpethity scholarships of up to AUD S40.000 io ANU undergraduate stud¢nis (AUD $8,0(N) per annum for the duraiioTt of their study. up to five years). Prior year Balante at l Janu Income endi J3alance J l December 201 Unrestri¢t¢d Fund.. Restrtcted Funds.. The Rhonda & Sean Ryan ET¥lowed Scolarship RSES Equitv Scholarships London Alumni Scholarship Dr Claire Clark Scholarship 96.250 25,0 31.250 (96250) 25,000 31,250 750 75 750 e Rhonda and Sean R anEn owed olarshi - The ￿hOlarship was to 5UPPOrt an undergraduate student with proven talenr and rnotivation and financial need. withrn Ihe ANU Coll¢oe of Health and Medicine. The studeni will receive S8.000 AUD per year, for the duration of their degree, with a P￿ferenCe to supw>rt a swd¢nt enrolled a B¥helor of Health Science degre¢. 10. NALY Is T ASSET ETWEEN FUND Restrict Un trict To DebtOTS Cash at bank and in hand 20.725 11,818 32.543 Creditors 20 75 947 RELAT PARTIES Administrdtion and govemanee expenditur¢ amouniing to £19.65012019 - £10,400) w&8 paid by th¢ Australian National University during the year ended 3 1 De¢ember 2020 to ¢nsure that all donation$ received in the UK will be Uiilised for the objectiwes of Ehe Foundation. This included the Independeftt Exarninet5 ftts for the year ¢nded 31 December 2019 of £1.400 In addition ihe Austrdlian Naiional Univer5tty has also paid board meeting costs for ANU IUK) Foundation of $1127AUD.