REGISTERED COMPANY NUMBER: 06635942 (EnglAAd and Wales)
REGISTERED CHARITY NUMBER: 1146078
Rep)rt of the Trnsteu *nd
Fli•vl&l Sl*temeits for ¢b¢ Ye*r Ellded 30 J•n¢ 21123
for
Geory¢tOW￿ Ujlvtnlty {USA) UK
Inl¢l•tfveJ Orynkn*tlo*
Grnit Harrod Ixrnwi D•vis LLP
art¢￿d A￿0￿￿tants
Statutory Awli¢or
151 Flwr
Healthaid How*
Marlborough Hill
Harrow
Middle5¢X
HAI IUD

Georgetowtt Unlvtrslty (USA) UK
llliti*tives Or￿n7$￿tIon
ofth¢ Fln*n¢6#1 St*t¢mthts
for the y¢#r ended 30 2023
Pale
Report of the Trwlees
Reporl of the lJdependeA¢ Auditon
8 to 10
S¢i¢¢m¢n¢ of Fkng4¢i•l A¢try#les
B•l¥n¢e Sheet
12
Notes lo the FiniTrel•l Statements
13 to 18
Detailed Statemewl ofFIA*Trcl*l Attlvltks
19

Georyetown UDiversity (USA) UK
Inltlltlves Orgxttis*tiD
Rtport oftht Tr•stee5
for Iht year ended 30 JuThe 2023
The trustees who are also directors of the charity for the wtw)5es tsf the C¢Mnpanies Art 2(X16. present their re￿rt with
the financial statements of the charity for the year ended 30 Jun¢ 2023. The truslees have adopted the provisions of
Aeeounting and Reportin8 by Clwities: Sttttement of Recommendgj P￿iCe applicable to charities preparing their
OCCOUnts in accordance wilh the Financial Reporting S¢andard applicable in the UK and Republic of Ireland (FRS 102)
(efftttiv¢ l J8DUW 2019).
PRINCIPAL ACTIVITY
The prineipAI aetivity of Georgetown University IUSA) UK Initiativ￿ Organi5ation (GU UK) is providing academic
¢tsurs¢s in London 4t th¢ C¢nter for Tr•n5na¢ional Legal Studies (cfLS) lo students frc4n around the world sttJdyin8
law Jt ¢he tertiary or post-gr￿Uatc level. ￿ well a5 presenting public lectures and other educational events during the
academic year.
owE￿1V￿ AND A￿1VITIL8
GU UK pursues the advancement of educati(ffl by providing acthmic courses in ￿￿thll w CTLS to siudenls fr(rfn
around the world studyin8 law at the tertiary or post-graduate level. as well as presenting public k¢wr¢s 4nd other
educational events durin8 the xademic year. cfLS was (￿jnded on the principle that it is irt¢r¢&%in8ly imwJrtan¢ for
le8al education to be global in nature and to include inlernaiional, compatative. and trAnSn)ti0￿1j•W 50 45 10 reflKt the
increased impact of 8lobali7Ation on all manner of le8al matters. In other words. as the world "shrinks," the importan¢e
of transnatic￿aI and international le8al issues grows. The following is a non.¢xhaustiv¢ lisr of pa$t and ¢UTrent ¢our5e
topics presented wiihin cfLS. provided by way of illLhSlrnllOlI." transttatimal l¢gal theory, ¢ompirniive ¢ontr*t ¢heory.
world trade law. international investmeni law. compfiraiive priv•¢y l•w, r¢gu141ion •nd developmenl and comparative
legal insliiutions. Sitsdents ond faculty ai CTLS are wimarily drown from G¢org¢iown University Law Center and
currenily 17 participaiin8 law schools (rom rnnd th¢ world.. Bu¢¢rius Law S¢hool, Ihe City University of Hong Kon8,
ESADE Law School (Spain). Free University of Berlin, the H¢br¢w Uniw¢r5ity of J¢ru5alem, King'5 College London,
Naiional University of Sin8ap)re. Pot)tific& Univer5id8d Jav¢riJn•, Univ¢r5id•d d¢105 Andes. Universidad Torcualo di
Tella. Ihe University of Amsterdam, lh¢ University of Au¢klanit the University of FriE￿r8 (Switzerland), the
University of Melboume, Ihe University of Tor￿0. University of Toronto. and Yonsei Law School. Students
enrolled 41 rfh¢r, non-p4rti¢iFAling law xhoo]s may a150 apply individually to attend CTLS. Students attend courses al
CTLS on a full-time basis for i)ne acaderni¢ kn dwing their degree ￿1r5e at their 'horne" law school, or
exceptionally for two iernis. Students who have attended the CTLS pro8ramme may 80 LKI to careers in law. the
jtsdiciary, 4cademic, governmen¢ s¢ryice, in¢ernalional or8ani5a¢ions, charilies or non-8overnmen¢al otEanisations
(NGOS), or ¢ls¢wh¢re. Due to global scope of PArticipation, each class includes students from a diverse set of legal
Ind nalional backgrounds. Students of Georgetowm Unive￿Ity and the participatin8 law scknols do not pay tililion to
GU UK for their attendance at CTLS. Instead students at participatin8 law schools continue to pay their tuiiion dir¢t¢ly
lo their "home" law school. Each of the participating law schools or universities pays a fixed annual fee to GU UK to
participate. Georgetown University additionalty provide5 8rant fuAlin8 to GU UK to support its operation.
In order to achieve GU UK'S objectives. the Th￿te¢S have given c&reful cl￿s￿le￿I10n io the Charity Commission'$
general guidance on public benefit includin8 its supplernentsry public ￿nefit guid￿Ce on advan¢ing ¢du¢4tion and on
fee char8in8.
GU UK benefits the law siudents from around the globe who attend CtLS who themselves may be in receipt at their
home law schools of bursarie& scholarships. or other financial ￿lstance. GU UK'S aciivilies also provide wider publi
benefit in advancin8 the stste of le8al education and knowledge in th¢ w of traAsnat1￿aj law #nd Énternational law. It
is also expected that a proportion of the students of CTLS will ￿ th¢ iniern&tion#l legal education thai they gain ai
CTLS in public seTvi¢e careers wilh governmeni a8encie& Intern￿lOnal trganisations. dwrities NGOS or other publi
interest organisations. In addition. GU UK preset)ts free public ledures and other ev¢nts during th¢ a¢ademi¢ year (frorn
August to Mayk including th¢ Transnatlonal law Couoquia s¢ri¢s •nd th¢ L¢aur¢5 in TrdnsRation#l Justice.

Georgttown University IUSA) UK
Inlt5otiv¢y Ort*pbtlo
Report ofthe Trnsttes
for the ye#r etsded 30 2023
ACHIEVEMENT AND PERFORMANCE
The Center for Transnati￿)al Legal Studies continued to offer a fully in-person thiring the 2022-23 academic
year, during which there were 74 students frcrfn I I different schools and 10 different countries in the Fall 2022 semester
and 44 students fr(￿ I I different s¢hool& representing 9 different countries in the Spring 2023 s¢me51er.
The program offered a balanced variety of courses in the fields of public aTKI private law. alongsid¢ theory-orienled
ourses. During the Fall 2022 semester, CTLS offered nine ekctive coursts styffed by fa¢ulty from CTLS portn¢r
s¢hools and lo￿1 legal prg¢titionets. Coyrs¢s cov¢red an an8y of topics rangittg from Th¢ Trat)snational Dimensions of
Firtan¢ial Regulation io an tntrodu¢ti(m to Int¢mational Criminal Law. on Introdu¢iion w In*rnalional Investment
Law to D¢v¢loping C￿ntrIeS in th¢ World Tr￿irtg Sys¢¢m.
In ihe Spring 2023 semeM¢r, crts also offered nine elective courses sthffed by faculty fTom cfLS partner institutions.
Siudenis enrolled in courses such as Bioethics and the Law in Legal c￿npa￿lIve Perspective. Global Contract Law and
the Di8btal Economy. and International Human Ri8hts Law.
Alongside their elective courses, students were enrolled in the Core Course: Transnational Law.. Introduction and
Selected Issu¢5 and ihe Gldjal Prxtice Exercise in iK)th seme51er5 - ¥n inlen5ive. multi41ay exc￿15¢ in transnational
andlor comparative law, which provided an opiM)rtunity for the div¢rse s￿denL* and faculty ai CTLS to work iogether
on a common le8al problem. StudenL% Also attended we¢kly colloquia and special guest lectures by speakers from a
r•n8e of legal ba¢k8rouThJ$ as part of the Transnational Law Colloquium and Le¢iures in Transnational Justice series.
The 2022-23 Lectures in Transnational Justice series was a 8reat success and continued to expand the Cenle¢s
engagement with the wider legal community in London and funher af*ld. In the Fall 2022 semester, Angela Paolini
Ellard, Deputy Director General of the World Trade Organizalion, and Professor Philippe Sands KC were inviied io
give lectures. In the Spring 2023 5emesler. CTLS inviled Professor Martins Paparinskis of Univ¢r5ity Colkge l£*ndon
and Professor Fleur Johns of the University of New South Wales.
A variety of in-person social events were also offered dwing b(rth semesters. ¢n•blirtg swd¢nis and f&¢ulty to ¢n8age
with the program and each other. Events included walking IouT5 of legal [￿J0￿, mid-5eme5ter pub nights aThd severol
movie ni8h(s. The wogram also hosied a number of carttr ialks by high pmfile speaker4 includin8 a talk by His
Excellency Markus Leitner. Swiss Ambassador to the Uniied Kin8dom.
In the Fall 2022 semester, class field trips resumed with a trip ¢0 Ejath, organtTzd by ProfeyJor J. Pe¢¢r Byrne
((ieorgetown Law Center) in connection with his class on International and Comparative Cultural Heritage Law. The
trip was or8anized in the United Kingdom due to ongoing uncertainty regarding the public health situation and Frf)Icntial
int¢rnJtional trav¢1 r¢stri¢¢ions. Th¢ stydent5 Yirylted the Bath World Heritage Centre arKI took part irt a walkin8 tour
overin8 m•ny ¢ultyr¥l sit¢5. In the 5prittg, a field trtp to Geneva was or88nhzed by Professors Giovanni Grnni and
Yuval Shjny in r￿n¢¢I10n With iheir (lasses on World Trnle Law and International Human Rights Law respectively.
The 51udenls vi51ted the World Trade Organization and The OffKe of the High Commissioner for Human Righis.
Facilitatin8 such visits offers CTLS students the chance to witness how la￿eTS frLMn a range of different backgrounds
80 Ot) to develop their career4 whilst also d￿￿n1Th8 their substsntive understandin8 of particular subject areas.
CTLS sent a team to participate in the Willem C. Vis International Comrnercial Arbitraiion Moot in Vienna during the
2022-23 academic year and hired an external coach. Ms. Grace Chen& a twrister at 39 F.55ex Chamber5 in LK*ndon.
The team also look part in numerous Pre-mcots. including the in-Per￿n BudaF¢St Pre-moot and the CIF.TAC Cup and
IAC Central Asia virtual Pre-moots. CTLS a150 sent ¥4 team 10 POrti¢ipAt¢ in the Nelson Man(ki4 World Human Rights
Moot for the fwst time in 2023, hiring ¢xtem41 ¢ts•¢h M$. LAur¢n Suding, a barri￿er ￿ Field Court Chambers in
London. This gave s￿(knts from the spring s¢mester the oroortUnTty to take pth in an irtiemational moot competition.
The￿ ¢xp¢ri¢n¢es or¢ hug¢ly rewarding Sts￿entS and allow them th develq) their skills as advocaies. cfLS will
¢ontinue ¢0 re¢ruii t¢8m$ for Ixjih ¢omF¢tilions in the next xademic year.
CTLS is commirted to irtcreasing alumni engagemeni a￿1 lawiched its online Alumni H￿) in Spring 2023. The Hub is a
unique platforni for cfLS students to discover new career opp)rtunities and to aid Frofes5ional developmenl and
advancement. All fomier CtLS students were invited to join the Hub to reLx)nnect with their cfLS colleagues and
grow their professional cwcle.

Georgetown Unlverslty IUSA) UK
Initiatlves Organtsltlon
Report of the Trnstees
for tbe year e#ded 30 21n3
CTLS in Action
CTLS held its annual Academic Conference "Al and Social Di￿ViOn. in Mar¢h 2023. organi5ed by Profe&sor
Yuval Shany (CTLS Academic Co•Director. Hebrew Univetsity of J¢nLsalem) 4nd attended by leading academics in the
field. students and faculty. The confererKe Inc1￿1¢d an a¢ademi¢ w(¥ksh(w. coll¢4uium and reception for all
participants.
CTLS ulso ]aunched its Summer ScholaTrin-Residence l¥ogrom in th¢ summer of 2023. The Program designed to
allow faculty to spend one to f￿r weeks at cfLS in Lonth)n to ¢ondud research and to generaie xlk)larly
ollaborations over the summer Feriod. Four inaugwal Summer S¢holar5-in-Residence were seleaed from a
ompelitive application process open ￿ full-iime Georgetown faculty who submitted prop)sed res¢ar¢h proj¢¢is or
scholarly collaborati(￿$ that would meonirtgfully benefit being in London. The response frim th¢ inaugural
Summer Scholars-in-Residence 2023 w•5 overwhelmin8ly w)5itive and CTLS plans to ¢x*nd ihe program to faculty
from its partner institutions from the summer of 2024.
FUTURE DEVELOPMENTS
CTLS coniinues its etTffls to recruil independenl students. In Fall 2023, CTLS launched a pgid advertising campaign
via Linkedln aimed At PO*rtlial independenl Students from the us. cfLS also coniinues its pl￿9 to incre￿e alumni
en8agement. launching a new alumni webpa8e in Fall 2023. showcasing dumni profiles.
CTLS Also added fwr othlitional pwtnu5 from Fall 2023. Jinthl Global Law School hls joined li the Foundin8 Partner
l¢v¢l, lh¢ University of New South Wale5 ha5 joined at the Interniediate Parther level and Univer5idad de América5
in Ecuath)r and Universidad Panamericana in Mexico have joined ai the Regular Partner level. In athliticffi. current
partner Universidad de Los Andes has upgraded to the Interniediaie Pattrer level.

GeoTg¢¢own u￿1ver$i1Y (USA) UK
Initi*tives orpni￿lI0I
Report of the Trnstees
for tht yur tttded 30 June 21123
FINANCIAL REVIEW
The Statement of Financial Activities set out on pa8e 12 of the f￿ancial 51a¢ements shows how GU UK'S incoming
resources were expended in the year eThled 30 June 2023.
Total unrestricted incomin8 resources arnountrd to $1,080.045 (2022- $993.140A s3(KI,(￿ {2022 - s350.(￿) rec¢ived
in ihe fomi of gifts and $780.(45 (2022- $643.140) of ¢uition •nd fees re¢¢ived.
Resources ¢xp¢nded amounied io $1,122,427 (2022 - $1.269.946} on ethcatl￿. An analysis of the r¢g)urces eX￿ded
1$ provided in not¢s 4 10 5 of th¢ fth•n¢ial statement
The resultin8 deficii for the year on unrestricted funds was ($42.382) (2022 $276.806 deficit), which gave a total
funds deficit of $3.775.863 (2022 - $3.733.481).
The b81ance sheet set out on page 13 of the fmancial statements shows ¢h¢ finan¢iAI Posbtion of GU UK 8130 June
2023.
Cu￿rnI 455ets are rep￿Sented by deirtors of $17.942 (2022- S39.011) and ush w bank and in har#J of $126.017 (2022-
$10,914).
Total assets less current liabilities amounied io {$3,775.863) (2022 - ($3.733.481)) which is r¢pres¢nted by the closin8
balance of ($3.775.863) (2022 - ($3.733.481)) of unrestricted funds and Snil of restri¢¢ed fund5.
GU UK is committed to usin8 its resources in pursuit of its charitable objeciive& Although the fin￿¢141 statements of
GU UK reflected a negative re5er4e balance at 30 June 2023, GU UK is ¢ommitted to securing a level of reserves thBt LS
suffKient to ensure thai all commitm¢niS ¢#n be met #nd ￿ woteci the long.temi of its operaiion$. Until GU
UK can secure A level of reserves lo rneet its on-going liabilitie5. G¢orgetown UrtLv¢fsity (the University) is committed
lo provide Ihe r¢50urc¢s Treed￿ to 5U51ain GU UK'S •ctiviiies. GU UK is ass¢ssin8 new initiatives ihat will stabilize
the operating results going forward. Th¢s¢ new initiatives in¢lud¢ in¢r¢os¢d iuititw. increas¢d enrollment, and the
pur5UIt of other educal¥Jnal program5 such as ¢K¢¢ylive eduuiion. In¥Y¢wd rev¢nu¢$ will positiv¢ly affect Ihe fulur¢
rman¢ial results and red￿¢ GU UK'$ dependency on the University.
GU UK relies very much on ihe financial And (geraiional suFpcfft of the University and is Oeful to the University for
its support.
Reserves polley
The Charity 15 fvnd¢d by th¢ University Jnd th¢rt ar¢ no ￿ServeS Carried fon¥Ar
Goln% eothtern
The financial siatemenis have been wepgred on • 80in8 cfflcern bAsis Is the pwent undertaking has indicated its
willin8ne&8 to provide ihe necessary f￿ancial support lo enabk the company to meet its liabililies for a period of
l¢all iw¢lv¢ m¢)nths frm the date of approval of these ritw￿la1 s￿ernents.

GeoryetOWD University (USA) UK
Inittatives Orpnis*tio
Report of tht TrnJt¢es
for tbe year ended 30 JuDe 21ll3
FUTURE PLANS
CTLS Cl￿tinueS to prioritize parnership re(Jvitment efforts io inLYease diversity. Sirathmore University in Kenya h&$
agreed to join CTLS as its first Pro Bono p*kner And the University of Slo Paulo has confirnied that they would like to
re-join CTLS at the Intem)ediate Partner level.
CTLS remains conscious of the impad of &Jditional students on 5pxe need5 and 15 tskin8 a measured approa¢h to
partnership recruitment while also looking at long-terrn space options. CTLS is working with King's College with a
view to rentin8 the remaining spac¢ on the 4th flwr in Bush HIKW, North-We5t Win&
In the upcomin8 year, CTLS also ¢xpe¢ts'.
- To siren8th¢n iea¢hing by ¢ontinuin8 ¢0 emphasize cctrteaching fxulty student Ul8agem¢nt.
- To coniinue developing a ¢urri¢ulum whi¢h 15 well-ba1￿Ced between iwiness and non4usin¢s$ subj¢¢i& public law
and private law, Ih¢or¢¢i¢o1 ond diKlrinaVwactical.
- To ¢Miinue increasing the dIVe￿ity of the program partiCip￿ts and the CWTiculum.
- To continu¢ d¢veloping CTLS as a platforni for lectu￿ panels. and hi8P￿prOf11e $p¢Ak¢ts by building Im the research
and scholarship aspect of ihe enterprise and tlwough increased alumt)i engagement.

GeoTtelowD Uttivtrsity (USA) UK
Imitlltives Orpnis*tio
Report ol the Tmtees
lor tbt y￿r emded 30 Junt 2023
STRUCTURE. GOVERNANCE AND MANAGEMENT
GU UK is a company limited by guarant¢¢ (company r¢gi5tr*ion number 06635942) ONI is gov¢med by its
Memorandum and Articles of AsKKiation. GU UK is r¢gi51ered with the ChaTity Commission of England and Wales
(charity re8istration number 1146078), with ¢ff¢c¢ from 23 February 2012.
The Tru5t¢es, who are •150 the dir¢¢tOT5 forth¢ P￿ry￿Se$ of ¢￿p￿Y l•w. who smed thjring the yearand up to ihe date
of the report were:
W. Treanor
M. MattSINI
D. Green
Trusttts use their own network of conlacts to identify 5uithble c4ndid4te5 p)wssing the necessary knowledge and
skills lo Kt as TTU5tee$ of GU UK. Ai the preseni lime. GU UK h&s three which is corsidered adequate for ils
purwses.
Trustees we r¢¢Juiied on the bosts of ih¢ir existing relevant knowledge. Inforni￿1(ffl rel&iin8 to GU UK'S legal
fth4n¢es ond a¢iiviiies are provided in ￿VanCe of appoinDneni. Trustees are expeaed to identify their trainin8 needs
and to tske megsures io ensure thai these needs are meL
GU UK has ihree Trustee& which are {]) the University. a non-profil inslilution of higher e(￿ratIon oryoni5¢d a5
non-stock corporation under federal charter in the United Sts¢es of America lthe University) (a5 r¢pre5en¢ed by ¢he
individual holding the position of Secrelary of the University), (li) Ihe ￿diV￿lU4] holding th¢ wJsi¢ion of Chhef Fin￿¢1￿1
orricer at the University. and {iii) the iThJividu41 holding the p(tsilion of Ex¢¢uiiv¢ Vi¢¢ Pr¢$id¢ni for Law C¢nter
Affair5 and Dean of ihe Law Cen¢er ai ihe University. The aforem¢niion¢d individuals setve as members by vitThe
of the positions they hold ai ¢he Univ¢r5ity,' if they were ￿ le4v¢ their postiions 81 th¢ University. the tnjsteeships would
Iran$fer io their Su¢¢e￿Or$ in their ￿￿)llonS 4t the University.
GU UK'$ policy is set by the Board of TN4¢¢s (the "Board"). and an Administraiive Director. cutrently Maike
Kotterba-wilson. exercises the day.tO•day management of cfLS. The Trusttts of GU UK or ihe Board may. from time
to lime. appoint any person as a member of the Board either to fill a casual vxancy w by way of addition lo the Board,
subjeci to the provisions of Ihe Anicles of Association. Any Tru51ee so apFKJinted shall relain orr*e until he or she
resi8ns as a trustee of GU UK or upon other ¢ircum51ance5 sei forth in the Artick5 of A550¢iOLion.
RISK STATEMENT
The 'l'rustees arc aware of iheir Te¥Jonsibility io ertS￿re the major risks to which GU UK is ex￿ are identified
and to esthblish systems to mitigate those risks. The Trnstees believe thai adequate controls and systems are in place to
miiig*¢ ttny ¢xt¢mal and iniemal risks thmt GU UK may face.
REFEREJ¥CE AND ADMif41STRATIVE DETAILS
ReKistered Cornp*ny number
06635942 (England and Wales)
Reglslered Charity nurnber
114&)78
Registered offict
1st Floor
Healihaid House
Marlborough Hill
Harrow
Middlesex
HAI IUD
Trus¢tts
W. Treanor
M. Maltson
D. Green

Georyetow• UDivtrsity (USA) UK
IAitt*tfves Org**ts*tS0
Rtw)rt of the Trn$t¢
ror the ye*r ¢lld¢d 30 Juthe 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Auditors
Grant Harrod Lernian Davis LLP
Chartered Accountants
Statutory Auditor
1st Floor
Healthaid H￿se
Marlbomugh Hill
Harrow
Middlesex
HAI IUD
STATEMENT OF TRUSTEFS, RESPONSIBILITIES
The Trustees (who are a150 the direclors of Georgetown University (USA) UK Initiatives Organisation for the purposes
of company law) are rrspry15ible for prewin8 the Repcrt of the Trustees and the fmancial $tatemenis in a￿Ordance
with arpli¢able l•w and United Kin8dom Acc(￿ntin8 StandaTds {United Kin8th)m fjentrally A¢¢epied A¢￿UNtIng
Pra¢¢i¢¢).
Compony law require5 the Trustees to prepare financial statements for each financiAI year which give 4 true and fair
view of the 51a¢¢ of affairs of the charitable company and of the incomin8 re$wr¢￿ ond applicaiiort of resource
in¢luding ihe income and expenditwe, of the charitable cornpany for thai period. In preparin8 those financial
slatcments. the Trustees are required to
Select suitable accounting policies and then appty ihem consisientty:
. observe the method5 and principles in ihe Charity SORP:
- make judgements and estimales thai are reasonable 8TrJ pw(kni:
prepare the fmancial statements on the goin8 ¢(ffi¢ern bosis unless li is inaAroprii* to presume that the charitable
company will continue in business.
The Truslees are responsible for keeping proper a￿0￿￿11n8 records which di5c105e wilh reasonable accurncy at any
time the f￿anCIal position of the charitabk wmpany and io e￿ble them to ensure th￿ the financial siaternents comply
with the Companies Act 2￿6. They aye also resp￿sIble for ￿feguArding the as5e15 of the charitable company and
hence for tAkin8 reasonable $*ps for the weveniion and detection of fraud and other irre8ulariti
In so for 0$ the Trusie¢$ are aware:
- there is no relevant audit infomi4tion of whi¢h the ¢htritsble companys a￿lI10r9 are unawore. and
rhe miMe¢s have tsken 811 $tep$ th¥¢ Ilw ought lo have tsken to make themselves awve of any relevf￿1 wdit
inf0mail￿ and io estgblish that the auditor5 are aware of that infomiation.
AUDITORS
The audi¢ors. Gront HarriNJ Lernian Davis LLP. will be proposed for Te•appointment At the forthcoming Amual General
Meding.
..S.I.IL.Sf)9.{...........
Apwjved by order of the Eoard of tTU5tees on ... .
awl $i￿¢d on its behalf by..
D. Green- Trustee

Report of tht Independent Auditors ¢0 ibe MemberJ of
Georg¢tDwn university (USA) UK
Initi•tive5 Organis•1io
Opinion
We have audited the financiat statements of Georgetown University (USA) UK Initiatives (hganis￿lon (the 'charitable
company'} for ¢h¢ year ended 30 Jun¢ 2023 whtch comprise the S￿lement of Financial Aciiviiies. Ihe Balance Sheet, the
Cash Flow Stsiement and no*s to the fllwicial ststements. includin8 a summary of significant accounting Foliciek The
fmancial reporting framework tht has been applied in iheir preimraticffl is applicabk law and United Kin8dorn
Accounting Siandards (United Kingdom Generally A¢ttpted Acc￿￿11￿￿ Practicel
In our opinion the financial statements..
give a true and fair view of the sts¢e of the chjritable CThnP•Dy'S ¥ffaI￿ ¥s #t 30 Jun¢ 2023 #nd of its in¢ixning
resources and application of resources. in¢luding its income #nd expcrmliture. for the year then ended;
have been properly prepared in accordance with United Kingdom Gerterally Acttpted Aceouniing Practice; and
have been prepared in accordance with the requir¢m¢nts of th¢ Companies Ad 2(KJ6.
BM*i$ ftsr opinio
We conducted our audit in accordgnce with Iniemaiional Standards (ffl Auditing (UK) (ISA3 (UK)) and applicable jaw.
Our resp)nsibilities under those stsndayds are firther described in the Audilors. responsibilities for the audit of the
fmancial slaiements section of our report. We are inde￿ndent of the charitsble company in accordance with the
ethical requirements that are ttlevani to our audit of the f￿anCial slatements in the UK. including the FRCS Ethical
Standard, and we have fulfilled our other ethical responsibilities in ac¢mtsn¢e wilh th¢s¢ r¢quirem¢nts. We b¢li¢ve
that ihe audit evKlence we have obtained is sufficient and O￿T0pri4t¢ ¢0 provide 8 b4$is our opinion.
Con¢lw$loThJ r¢l•tlng ¢0 g•lTrE ¢0￿¢¢￿
In auditing ih¢ financial staiemenLS. w¢ have ¢oncluded that ihe tru#ees' use of the 80in8 concern basis of accounting in
Ihe preparation of ih¢ fthan¢1￿ &ai¢menLS is aN)r(TJri&tr.
Based on ihe work we have perfornied. we have noi identified any material uncertainiies relatin8 to even15 or conditions
that. individually or collectively. may cast Si8nificant doubi on the charilable company's ability to coniinue as a going
concern for a period of ai least twelve months from when the financial ststements are authlxised for issue.
(*Jr responsibilities and the responsibilities of the trustees with re5F*d to going con¢em Are described in the rel¢van¢
Sections of this report.
Other InfoTmMtIo#
The trust¢es are r¢spon$ibl¢ for the other infomolion. Th¢ other infomiaiion comprises the inforniaiion included in the
Annu81 Report, oiher than ihe finAn¢i81 swtements and our Rep￿ of ihe Indqjendent Auditor5 thereon.
Our opinion on ihe financial ststements skns noi cover ihe ￿h¢T information aThJ, except to the extent otherwise
expliciily slated in our reFQrt. we do not expr¢55 any forrn of J55urance conclusion th¢reon.
In connection with our audit of ih¢ financial stsiem¢nts, our responsibility is ￿ read the other infonnaiion and. in doin8
50, ¢on5ider whe¢her the other infonnation is materially inconsistent with the financial statements or our knowled8e
obtained in ihe audit or otherwise appe￿5 to be maierially missthted. If we identify such material inconsistencies or
apparenl malerial rni5ststem¢nts. we are required io deiern)ine whdher this 8iYes rise to a material misstatement in the
financial statemenis themselves. If. based on the work we have ￿rf[￿rned we conclude that there is a material
MI￿tateMent of this other infmation, we are required to ryort that facl. We have nothing to re&￿rt in this regard.
Oplnlon$ on other Matters prtterlbed by the Compnles Att 2(
In our opinion. based on the work undertaken in the course of the audit..
the infonnatioTh given in the Report of the Tru51e¢s for the ycar for which the fmanrijl 5tJtern¢nts ¥r¢
prepared is consistent with the financial staternents- and
the Report of the TTUStees has been w¢pared in with aN>licable legal requimtients.

Report ofthe Independettt Allditors to the m￿berS of
Georgetown University (USA) UK
IMiti*tive5
MAtters on wbieh wt *re reqwired to report by exeeptw)
In ihe light of the knowledge and understanding of ihe charitsble CLMnpany artd its environmertt obtsined in th¢ courn¢
of the audil we have not identified material misstatements in the Report of the Truste
We have nothing to re￿ in rtspea of the following matters where the Compfinies Act 2006 reqUI￿S rep)rt to
you if, in our opinion:
adequate ￿cOUnting records have been kem or rfums adeqiiate for wr audit have been re￿iVed from
branches not visited by us: or
the fthancial statements are ncrt in ayeement with the acC￿n(ln8 ￿C(*d$ and reiurns;
¢¢rtain disclosures of tru#ttS' remunerntion specified by law are not made. or
w¢ have not received all the infomiation and exptana¢iorts we require for our audit: I
Ihe trU￿eel were not entitled to take advatttage of ihe 5m411 ¢C4np￿1¢s exemption from the requirement to Prep￿¢ a
Strategic Rep(wl or in pr¢porin8 the Rew)rt of the Trusltts.
Rtspothiibilitits of truite¢J
As ¢xplain¢d more fully in the Stht¢m¢ni of Tnlsts￿ Re5ponsibililies the ITU5ttts (who are th150 the directors of the
charitable cornpany for ihe puTpK)ses of company law) are resWm5ible the preparation of the f￿anCiAl statemenls and
for being 5ati5fied thal they give J ¢rue and fair view. and for such int¢mal conlrol a5 the trustees detennine is necess
to enable the preparation of financial statements that are free from material misslalemenL whether due to fraud or eThor.
In preparing the financial statements. the tru5tee5 are resp)nsibk fw assessin8 the charitabk company's ability to
continue as a going ccfflcern, disclosin8, as applicable, matters related ¢0 goin8 concern and using the goin8 concern
basis of accountin8 unless the trustees either intend to liquidate the charitable c(qnpany or to cease operations. or have
no realislic alternative but to do so.
Our regponslblllllu for tht audit of the fin•ncl•l slatefftemts
Our objectives are to obtsin reasonable assurance about whetI￿r the fmancifftl statements as a whole are free from
rnaterial misststemeni, whether due to fraud or error. and kn issue a Rewrt of the Independenl Audi￿rS thai includes
our opinion. ReasC￿ab1e assurance is a high level of gssurnnce. but is nol a 8uaranttt thai an audit condu¢t¢d in
accordance wilh ISAS (UK) will always deieci a mat¢ri&l misstaianent wh¢n tl ¢xisis. Misstaiernents ¢an Irise from
fraud or error and are considered material if. indiv1th￿IlY ￿ in the we8ate. they could r¢ason&bly be expect¢d lo
influence the economic decisions of ustts taken on ihe basis of these financial swement$.
Th¢ ¢xitnt to which our w￿￿ule3 we capble of d¢*¢iin8 irr¢gul¥iiies. including fraud is d¢thil¢d below:
W¢ have obtsin¢d on und¢r5tandiDg of the l¢g¥l and regul0￿ry frxmewwk5 4ppli¢uble to the Company and the indu51ry
it operate5. We daemiin¢d thai ihe following laws and w8u1￿10tts were most 5igrtif1¢4rtt.. FRS102. CiJmpJnie5 Acl
2006, H¢alih ond S4fety.
We obtained an un(krsthnding of knw the ij ¢omptying with those legal Tegulatrry frameworks by
making enquiries of rn4nagernen¢, Ihose responsible for legal and compliance pnKedures and the company secretary.
Our findin85 were corrobora*d by review of the board min￿$ and paF¢rs prepared by the board of direcloTS.
We assessed th¢ su5c¢p¢ibility of the Company's f￿anCial slatem¢nts to material mi5￿ten￿n( includin8 how fraud
might wcur. Audit procedures perfonned by the audit team included:
- Obtaining an understanding of how those char8ed with governance C(￿51dered and addre￿￿ the potential for oveThiik
of controls or other inapprowiate influence over the financial rew)rting F￿(￿ess.
- Chailenging assumptions and judgernents m* by manage￿t in its significant accounting estimates.
- Identifyin8 and testin8 joumal entrie& with a focus on entries nwk with unuswil xcounting combinaiions.
- Identifying and a55essin8 the design and effectiveness of controls management has in place to prevent and detect
A further de5CriPtion of our responsibilities for the audit of the financial slatements is located on the Financial
Reporting Council's website at wwiv.frc.org.uklauditorsrewsibilities. This dewtion forn￿ part of our ofthe
IndeF¢ndent Auditors.

Re￿rt orth¢ Independent Audltorj to ¢h¢ M¢Mbers of
Ceorgetowll Unlv¢rslty (USA) UK
Ihit¥atiYes Organisatio
Use of our r¢port
This rcpDrt is made 501ely to the charitabl¢ ¢ornpanYs memi¢r& as a bpdy, in a￿ordance with Chapter 3 of Part 16 of
the CompaTrie5 Act 2006. Our audit work has been undertak¢n so thAt we might st¥t¢ lo the chatithble compaDy
m¢mber5 those matter5 we r¢quired io st81¢ to I￿rn in an auditors, report and for no other purp(tse. To the fullest
¢xi¢ni p¢m)itted by law, we
not accept or assum
responsibility io other ihan the charithble etsmpmy and ihe
charithNe company's tnetnb
as a body. [(
r th5$ fEPQT( or forthe opinions we have forn￿d.
Jonarhan Grani (Senior
for and on Ixhalf of Gra
Chartered Accountants
Statlltr¥ry A￿lItOr
Isi Floor
Healthaid House
Marlborough Hill
Ha￿OW
Middlcscx
HAI IUD
uditor)
L¢mian Davis LLP
HWT
Dat¢..
13 £02¥

Georgetown Uttiverslty IUSAI UK
I￿l(latIVeS OreanlJAtIott
St*t¢tyeot of F1M￿cIal A¢th+lths
for the ye•r ¢#dtd 30 2023
2023
Totsl
2022
Total
funds
Unyestrided Restr￿ed
fund
fund
INCOME AND ENDOWMENfs FROM
Donations and legacies
31KI.(KK)
31X).O
350.oc
Other trading activities
Tot*1
1080 045
EXPENDITURE ON
Charitable activllks
Education
IYET INCOMEJ(EXPENDITURE)
<42Jf2)
{42.382)
(276.806)
RECONCILIATION OF FUNDS
Tothl furnls broughi forward
13.733.481}
(3.733.481) (3,456,675)
TOTAL FUNDS CARRIED FORWARD
3 775 803
3 733481
The noies forni part of these fuwicial statements

Georgetown University {USA) UK
Iniliitiw¢s OrpllLs•lio
B•lanet Sheet
30 June 21
2023
Total
fund5
2022
Tot41
fund5
Unrestricted Restricted
fu
fund
Notes
FIXED A&SETS
Tangible assets
633,489
633,489
809,782
CURRENT ASSETS
Debtors
Cash ai bank and in h￿d
10
17,942
126.017
17.942
126017
39.011
143.959
143,959
49,925
CREDITORS
Amounts falling due withui on¢ y¢ar
{4.553.311)
(4.553.311) (4,593,188)
NET CURRENT A&SETSI(LIABILITIES)
4 409 352
4 409 352)
4.543 263
TOTAL ASSETS LESS CURRENT
LIABILITIES
(3.775,863)
{3.775,863) {3.733,481)
NET A&SET51(LIABILITIES)
3 775 863
3 775 863)
3733481
FUNDS
Unrestricted funds
13
3 775 863
TOTAL FUNDS
3 775 863
These financial slalements have been prepared in a¢Cryda￿e with the provisi￿S applicable to charitable companies
subject to the small compffiies re8im¢.
The fin
cial s(a*ments were approved by the Board of T￿￿¢¢$ and iuthoris¢d for issue on
£iiY9Qg.4...............
and were signed on ifs behalf by..
D. Green- Trustee
The notes fm part of these flllancial statements

Georgetow* UDlvetslty (USA) UK
Initiatives OryanisatioA
Notes to tht Flnineill St*toments
for the ye*r ended 30 J•Ae 2023
ACCOUNTING POLICILS
B41is of prtparlng the fithAmei#l itatthents
The flrtartcial 5tatemertts olthe charitsble compoDy. ￿7¢h is & pthlic benefit ￿tity under FRS 102. have been
prepaTed in 4cwrdan¢e with the Chtiriti¢s SORP (FRS 102) 'A¢eouniing Rep)rting by Charities.. Siatemeni
of R¢¢omrn¢nded Pr8¢ti¢e 4)plir4bk to ch￿Ille$ preparing their accounts in a¢¢ordanee with lh¢ Fimncial
Rewjrting Standard applicable in the UK at)d Rewblic of Ireland (FRS 102) (elTectiYe l January 2019),.
Finan¢ial R¢p(irting Stsndard 102 Th¢ Financial Reptrding Siandard Applicable in the UK and Republic of
Ireland, and the Companies 2(1)6. The f￿￿£)81 $ty*ments have been prepar¢d under the histori¢al ¢osl
convention.
FlnanclAI reportin# Stsidard 102- Tedueed dts¢105wre exemp¢i0Tr5
The chaTity ha5 laken *Jvontsg¢ of the following disclosure exemptions in prepwing ih¢s¢ [in￿e1￿1 s¢atemenis.
nnitted by FRS 102 The Financial Rep(¥ting Sthnd•rd 4vIb￿b￿ in the UK and R¢wbli¢ of Ir¢14nd:
the requirements of Section 7 Statement of Cash Flow&
the requirements of Section I l Financial InstwIr￿Is P4Ta8wthJ I1.41(bA I1.41(c). 11.41(e). 11.41(0.
11.42. 11.44.11.45. 11.47. 11.48(aXiii), 11.48(aXiv), 11.48lb> and I1.48{c):
the requirements of Section 12 Other Fin•n¢iil In5trurn¢nts pryr4phs 12.26. 12.27. 12.29(al. I2.2￿)
and 12.29A.
Ihe requirements of para8raph 33.6 Key Managernent personnel c(Inpu￿11on.
Ineomlni r¢wurces
All income is recognised in the Slalement of Financial Aciivities once the charity has entitlement to the funds, it
1$ probable that the income will be Teceived and the amount can be measured Teliably.
All incomin8 resources are irKluded in the Statement of Financial Activities when the charity is legally entiiled
lo lh¢ irt¢om¢ and the amount can be quantified with reasonable xcuracy. Incomin8 resowces are accounted for
on an J¢¢N41s basis with the ¢x¢¢wion of incomin8 resowc¢s relating w pl¢d8¢s which xcounted ftir on
¢ath basis.
ReJour¢eJ exp¢thd¢d
Liabilities are r¢cogDixd as ¢xpendiwr¢ &% soon AS there is a leyl or ¢mstrnetive obligation wnmitting the
charity lo tha¢ exp¢nditur¢. it is probobl¢ th41 J trJrLsf¢r of e¢onornir b¢n¢fits will be required in settlement and
the amount of the obligalion can be me¥sured reliably. EKpenditllTe 15 4rxount¢d on ￿ 4rcThJ15 b•sis and h45
been cla55ifKd und¢T he4ding5 thJl JBgr¢g*e all cost relai¢d to the category. WThere costs cannot be directly
attril￿ted io particular headings. they have been allo¢*ed ￿ a¢tivitie5 ffi 1 Iwis ¢thsisl¢nt with th¢ use of
resourcm.
Reporting curreney
The fthancial statements have been WeP￿ed in US dollu5 (l"1 The exchan8e rate at the balance sheet date wa5
$1- £0.79207
T*Trgibk fixed *s*ts
Depreciation is provided at the followin8 arnual Tates in to ￿lIe off each asset over it5 estimated useful
life.
Improvements to wopety
Plant and machinuy
15Yo on cost
stra￿lt line over 5 years and Straight line over 10 years
Relattd party exemptio
Thc charitable company has tsken advantsge of exemption. under the ternis of Financial Rep((ling Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland,, not to disclose related party
transactions with wholly owned subsidiaries within the group.

Georgetown University (USA) UK
IDitiativu Organ154¢1on
Nol¢s lo the FlnNn¢l*l Statemertts- eoDtlnued
for tb¢ ye•r ended 30 June 2023
ACCOUNTING POLICILS- ¢•Ntlnued
Tmyatlo
The Charity is 8 regiSte￿d charity. As such is eniiiled to certain tax exemmions on iwome artd wjfiis from
inv¢stm¢Dts. and surpluses on any trading activities carried on in furtherance of the ¢hwity'S primory objective4
if these profi¢S And surpluses aye applied solety f(f charitable pury￿e&
Fund #eeounting
Unrestricted funds can be used in a¢¢LYd￿e with the ¢hwithble rt)ieaives at the discretion of the Thistee5.
Restricted fund5 can only be used foT Particular restricted pufj)oses within the objects of the ch8rity.
Restrictions arise when 5pttified by th¢ donor or when funds are raised for particular restricted pury>ose5.
Further expl8nAtion of the nature and purp)se of each fill￿ 15 included in the notes w the finon¢ial sw¢m¢nts.
Golng conrern
The f￿ancial 51atements have been preFwed on 4 going wic¢rn Iwi5 as th¢ pttrtnt undertakirt8 has indicAted its
willin8ness to provide the necessary financial 5YPWt to ¢n#ble th¢ ¢ompany to meet lis liabilities for a period of
t I￿$t twelve M(￿th5 frcTh the ￿te of approv410(these fthancial statements.
Foreiln curren¢k>
Asset5 and IvAbilities in fweign currencies are translated into dollars at the rale5 of exchange ruling w the
balance sheet d4te. Tran$4¢11￿$ in forei8n currthcies are translated into thsliars at the rate of exchange ruling
ai ihe date ofir•nwtion. Exchange differences are tsken into xcount in ￿1ving •¢ the opernting r¢suli.
Operntlng ktse
Amounis payable under Owatin8 leases are chuged io ihe Sw¢meN of Fin•ncial Activities on A strai8ht line
basis over the pttiod of the lease.
Penslon eosty and other pMt-retlrem¢nt b¢n¢llts
The Company (perales 4 defth¢d ¢ontribuiion ￿nSIon scheme. Conlribulions payable to the Comynys
pension ￿herne are ¢har8ed io the profit and loss accouni in the periTrJ io which they relate.
DONATIONS AND LEGACIES
2023
2022
Gi
OTHER TRADING A￿1VITI
2023
2022
Tuilion and fees

Georyetown University (USA) UK
Initiatives Org•DiUtion
Notu to the frlnancial St•teTh¢nts- continued
lor the ye*r ended 30 J¥ne 2023
CHARITABLE A￿[VITIEs COSTS
Totals
2023
2022
2023
2022
Education
1 122427
122427
1269 946
NET INCOMFJIEXPENDITURE)
Net in¢omel(expendiwre) is slated 8ft¢r charging(creditin&):
2023
2022
Depre¢iaiion - owned *sse
Other operaiing le•5¢S
Auditors, remuneralion
176.293
237,911
176,280
257.855
TRu￿ELs, REMUNERATION AND BENEFITS
TheTe were no tru￿¢¢$, wanunt￿lOn or other bthefits the year ended 30 June 2023 nor for ihe year ended
30 June 2022.
Trwteu, expenses
There were no trustees. expenses paid for the yeAT ended 30 June 2023 nor ftir the ye4r cndrd 30 June 2022.
STAFF COSTS
2023
2022
Wages and ￿tarI¢S
Social security costs
Other pension costs
254.140
19.128
221,991
20,973
261686
The avern¥¢ m¢Jnthly number of ¢mployces during the ye•rwas ￿ follows:
21Y23
2022
Administration
The number of ernployees whos¢ employee benefits {¢x¢ludin8 employcr ￿Sion cos¢s) ¢x¢¢*d $60,1)CKI wa5:
2023
2022
S110,(W-$120.(

Georgetowtt University (USA) UK
ltsitiatives Organis*tion
Notes to tht FiMaDci*I St•ltments- eonlinued
for the ye*r ended 30 June 2023
COMPARATIVES FOR THE ￿ATEMENT OF FINANCIAL ACTIVITILS
UnreMricted
fvnd
Restricted
fund
Totsl
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
350.0(rf)
350,¢Xrf)
Oiher ¢r4ding oai¥iiies
Tot•1
993.1410
EXPENDITURE ON
Ch4rltsbl¢ *¢tlvl¢l¢s
Edycalion
NET INCOMEJ(EXPENDITURE)
(276.806)
(276,806)
RECONCILIATION OF FUNDS
Total funds brought forward
(3.456,675)
(3.456.67S)
TOTAL FUNDS CARRIED FORWARD
3 733 481
3733481
TANGIBLE FIXED ASSETS
ImFYovemenls
¢0
Pro￿rty
Plant and
machinery
Totals
COST
At l July 2022 and 30 June 2023
1405 244
1514940
DEPRECIATION
Ai l July 2022
Charge for year
661280
165 323
43,878
705,158
176293
At 30 June 2023
826 603
881451
NET BOOK VALUE
At 30 June 2023
578641
633 489
A¢ 30 Jun¢ 2022

Georyetown Unlversity (USA) UK
Initiatives Oryanisation
Notes to the Flnaneiil St•tements- eontinied
lor the year ended 30 JU￿ 2023
io.
DEwfoiLS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Prepayments
39.011
CREDITORS.. AMOU]YTS FALLING DUE WITHIN ONE YEAR
2023
2022
Amounts owed io gTOYP und*tskin8S
her ¢rediiors
A¢¢nwl$ and defened in¢(Nn¢
4.466.328
21.691
65292
4.484,110
50,776
4553311
4593 188
Georgetown University have gu*4n¢eed io provide the ne¢¢&54ry finon¢ial Sup[￿ io enable Georgetown
University (USA) UK Inilialives Orglnisalion lo meet its liabililies for a period of ai le￿ l year from ihe date
of apFYoval of these f￿￿¢111 ￿ltern¢nts
12.
LEASING AGREEMENTS
Minimum lease payments under non•cancellable OFmtin8 teases fall thje 15 follows..
2023
2022
Wiihin one year
Beiw¢en one And five y¢grs
210.770
203.017
456 789
474 233
13.
MOVEMENT IN FUNDS
Net
mov¢rnen¢
in funds
Al
30.6.23
At 1.7.22
Unrejtrtcted funds
General fijnd
(3,733.481)
(42.3r2) (3,775,863)
TOTAL FUNDS
3 733481
3 T15 863
Nel movement in funds. in¢lud¢d in the abov¢ are as folknys:
Inc4Jnin8
Resources
ex￿[￿ed
Movement
in funds
UnT¢Stri¢ted
Genernl fund
1.080.045
(1.122.427)
(42.382)
TOTAL FUNDS
1080 045
122 427

GtOTg¢tow• Unfv¢r5ity (USA) UK
Initi*tivts or£#￿￿8t10
Notes to tbt Fln*nel*l St*tements- conllnued
for the year ended 30 June 2(123
MOVEMENT IN FUNDS- contlnued
cOm￿rIt￿¢S for movememt in funds
Net
movement
in funds
At
30.6.22
At 1.7.21
Unre51rlcted funds
Generdl fvnd
(3,456,675)
(276,806) (3.733.481)
TOTAL FUNDS
3 456 675
Comparative mov¢m¢ni in fvnds, included in the above ¥rt as follows:
Incomin8
Resources
expended
Movement
in funds
unrestr1¢t￿ fund*
General tund
993,140
(1,269,946>
(276,8061
TOTAL FUNDS
Th¢ urtre5tricted funds att t¢en used in attordance wilh the C￿nIAble obje¢iives at the discretion of the
trustees. The charitable ￿1p)Se is ihe advarKemenl of ¢du￿tIon via the pn)vision of ac8demic courses.
Both funds are currently in defi¢it 15 ¢urrently ¢xpenditwe relating to the charitable object5 of the Company
currently exceeds the funding rffeived. The fin￿¢1￿1 ststements have been prepared on a going concern basis
as the paren¢ undertaking has indicated its willingness to provide the nece5sHry financial support lo ￿able th¢
comparby ¢0 rnttl it5 liabilities fff a period of at least twelve months from the date of gpproval of these financial
statements.
14.
RELATED PARTY DISCLOSURES
The company has taken advantsge of the exem01￿ available under the tenns of paragraph 33.1 A of FRS 102
from disclosure of transaction with otb¢r wholly owned group undertaktngs.
ULTIMATE cowfROLLING PARTY
The dwectors regard Georgetown Universiry, a non*rofit institution of higher education organised as o
non-s1￿k ¢oryM)ration under federal Charter in the United s￿¢$ of Am¢ri¢4 to be th¢ ultimate pareni
ndenaking aTrJ ihe uhimate crntrolltng pfity.
16.
COMPANY LIMITED BY GUARAiYfEE
The CoM￿Y inc• on 2 July 2￿8 as a mp•y Limited by Guardntee.