RZGISTEREDCOMPANY NUMBER.. 06635942 IEn8land *lld Wale51 REGISTLRED CHARITY NUMBER: 1146078 RyrtoftbtTrnrt¢ts and I￿￿¢1*1 Ststtments for th2 Yt4r Eoded JO 2024 for Georyetown Unlvtrslty IUSAI UK IMitl*tI￿ Org*ntsatlo Horroj Davis LLP Chirtcrcd A¢¢ouniants Statutory Awlitor 1st FIDor Healthaid Hous¢ M4rlborou8h Hill Harr¥iw Middlexx HAI IUD Georgetown UnfvEf51ty IUSAI UK ]￿lti1t1￿¢S Org*Mi54tSoD Cmltnts oftbe FinAnel*l StAttmehts for the ￿lread•d 30 Jttne 2024 P•e R¢port ofthc Report of tht l#dwendeDt Aoditoys 8 to 10 StAtdn¢•¢ of Fiiatt¢l41 Aetivltitj BalAnc¢ Shett t2 Notes ¢0 th¢ Flnincl*l Stattments 13 10 19 Ceoryelowm Unlytrsity (USA} UK lui*htlve5 Oryani￿lI0￿ (Registcred Dumber. 066359411 Report olthe Trnsltts f•TthÈ ypir ¢ttdtd 30 Jutre Z024 The Iruiiegs ar¢ A150 direciof5 of the Gh8rity for pwposcs of the Companies Ad 2frf)6, present iheir rrrth with Ihe finanrial ststem¢n15 of Ih¢ chariiy for the y￿r ended 30 June 2024. The trU￿tt$ hav¢ thpttd ihe provis￿n5 of Actouniins and Re5X>rting by Charil¢eS= Si3iemeni of R¢roTrniended Pr&tli¢¢ 8pplicable to ¢harili¢S preparing th¢ir accou￿15 in accordance with the Finon¢iNI Rep)rting Standard applic&ble in the UK a￿1 iiEpublic of Irelarwj IFKS 102) letY¢¢live l JaTWary 2019). PRINCIPALACTIVITY The principal aciivity of CJCA)Y8c*)wn Universi¢y IUSAI UK Iniiiatives OT80ni￿110n IGU UKI is wviding acodem(¢ cours2s in Londorl gt Ihc C¢n*r for Tran5nalional Le￿1 st￿11¢s IcfLSI ro slu(knls from ATound the world studyi￿g law at the *rtiary or p)5t-graduate iev¢l, * well &$ presentlll8 public leciwes and oth¢r eduC￿lOr￿1 esrnis durit18 the pdBmi¢ yc8r. OBJEcfiv&8 AND AcfiviTIES Obltttlve5 Ahd ¥im$ GU UK pursues the adv2n¢emenl of edL￿WIl)n by providing ucadcmi¢ in London w CTLS to siu¢knlS from around the world siudying law at th¢ tertiary or posl-yadu&te kvtl. &% well praeniin8 publi¢ l¢¢iurtt and oth¢r ¢duc81ional e¥etLlS duTin8 lh¢ aca(knii¢ y¢*. CTtS w&% founded otb lh¢ priKipl¥ Ihal it 15 Increasingly importani for le8d du¢atioth to glob￿1 in n&lure and 10 include in￿n￿li0￿&1. ru121FklTaiiYe, and Irdnsnatitsnal low so a5 kn yet]¢d Ihe incr¢•cd impxl elobgliz81ion on all manncr of kgal mdttcrs. In other w05d& as the wor]d "shrinks,. tr imp)Ttstic¢ of lia￿aLlOn￿ and intemalionpl leEal i35u¢s grow> Tk followinB is B non-exhau5tiv¢ li5¢ of pt81 and tWT¥JI Q)Iirse Ioplfs pre5¢ni¢d within CTLS, PTovided by w•y of illllfftl(on'. trgttsnAtion•l legal iheory, compara¢ive coniv&¢t Ihcery* world trad¢1aw, iniernational inVes￿ent IHW. 4)mp8miv¢ p¢ivacy law. regulat￿n and dcvelopmcni. and ¢oJnparnlive legal iThslilUtion8. Siud¢nts and faculry L)[ cfLS are primarily drawn from Georg¢loMm Vniv¢rsity Law c¢￿er and runently 20 particip*in8 law sthtM)Is from around thc world: Buccri45 Law khool. th¢ Ciiy Univ¢r5ity of Hong Kong. ESADE L&w School ISp6iTh), Flee Univ¢r5ity ofBeriin. Jindal fjlobal Law Scknol. Ihe H¢brtw Univ¢rsiiy of Jcrnl¢m, King'5 Collegc London, Nwional Uni¥er5ily of S¢ngapor¢, Ponlifsca Univcrsidod Javeri8n& Univ¢tsidlld dc Las A¥neTlW, UniverSid￿ de los Andes, Universidad PanaTDer*&Rna, UDiver$id4d Torwaw di Tel￿. lh¢ Universiiy or Amstudam, th¢ Univetsiiy of Fri￿u[g(S￿l1ZerJ￿￿l, lh¢ Uni¥¢fsiry ofmelboume. th¢ ikniv¢rsiiy ofN¢w Sothh W81¢s, Ihe Univw5ity of Torino. the Univ¢rsity of Torothlo. ￿ Yotsei Law Sth)ol. Studenis enro11￿ at othEr. notrporticipaling law sokno15 may lllyo apply ithdividoally 10 )ttend CTLS. Studenis attend cour%s gt cfLS on a 11-iime b&sis for onc academic ferrn during iheir ¢kgrte COUTse ai Iheir 'hom¢" iBw s¢hool, or ¢x¢eoionally fvr i I¢Tms. Sttthtkts hAvc aw¢nd¢d the cfLS programmg may 80 on 10 caT¢¢ts in law. th¢ judi¢i8ry. a¢&demic. 80verThme4)I servicG iniernationai organisaiions. chtriiies or nowvcrnrnental o¥ganissiions INGOS), or ¢lsewhere. Due 10 the global wop¢ ofpani¢ipiion. exh Cl￿ i￿ludeS Stud￿ts from a diver5r sei of kgal nwional ba¢kgrowids. SiudeAts of Georg￿0W￿ University and the paTIicip&iin8 law Schools do Th)1 P&y lUtEion w (JU UK for iheif ￿(¢￿￿9[￿ ai CTLS. Instead. sludenls al rffjrticipaling law schools coniinu¢ Io p8y ihrir tuition dir¢aly to their 'hO￿¢, knw xt¥>ol. Each of ihe partiEipaiing law schools or univerthl*S pys a fixed 1¢¢ (o GU UK to kxrti¢ipHie. Georgetoivn Univetsity addiiiofbally t￿0Vi¢￿$ gra￿ ￿￿1)rt8 lo CIU UK to 5UPP)rt its 0￿rati lft ord¢r 1¢ achievc GU UK'S glJc¢iiv¢s, Iht Tntstees have given UTcfiJl coNid¢rn¢iOn to Ihe Chgriry Commission's 8¢neral 8uid8ntt on public bencfit includinB Lts supplemeniary public benefit guidance ort adva￿1n8 on Ic¢ GU UK bcnefily the law SI￿10￿￿ from 8Tound ihe glob¢ who attend cfLS who Ikm8¢lv¢s mffy be in re¢eipi ai tlrtir me IRW s¢tllKkls of ￿r50r1e5, ¥¢holar3hips. or other fin&￿781 ￿51$1￿￿¢. GU UK'S activit￿5 also provide wider publlc iYnefi( in Bd¥w¢in8 th¢ ylaie of le88i edu¢&tion and kn0*led8e in Ihe area oftransnaiional law Hnd iniern&liuDol law. Il is upcth¢d that 8 propDwiion of ihe $iudenis or crLS will we lh¢ ini¢rnaiion&l S¢gal eduulion Ihal they ghin &t CTLS in pJbli¢ servi¢¢ carc¢rs with 8ovemmert a8thci4 in1¢M￿lo￿lI or80#iS81ior4 chorities. Nfj05 ()r 011￿r publi iniw¢$l org8ni$#ions. In addiiion, CU UK pttsents free public lecture& 8nd other events during the a¢Bd¢mir year (from Augusi io May). includingihc TransJw¢ional Lawcolloquia seriEs the L£ciures in TYan5n&ional Juslit¢. P￿1 G¢•rytown Unlvtrslty {USAI UK lttl*litlves OryN￿￿tIO￿ IReEl$ttttd Nuth￿r. 066359421 Rcportof Ihe Trnste¢5 r•rtb¢ ye*YeNdid JQJ•ne 2024 ACHJEVEMENT AP40 PERFORMANCE The Ceni¢r for Trdnsnational Legal $I￿J1¢s COThtim￿ 10 off¢T a fvIIy bn-Frs0rn program duriTrK the 2023-24 ar2thmic year, duTing which thgrt wert 77 siud¢nts Irom 14 differtni %hools and 12 dilT¢renl ¢wniri¢s in the Fail 2023 sewier and 48 slwienis from I I diff¢rent srhoojs, r¢prcs¢nling9 ditYer*nl cobnirics inihe Swing2024 semesio. ITh¢ pvo8ram otT¢r¢d ¥ balan¢¢d variay of Wur￿ in th¢ ficlds of publi¢ and privw¢ law, alon85idc I￿￿rIent¢d ourses. During Ihc fall 2023 s¢mrsier, cfLS offered nin¢ ¢l￿tIve cwrsts stalY￿ by faculiy from CTiS paftner schools and locjl le88J practitioncrs. LouTse5 Covered an arrny of wpi¢s Tth8ing from In5uranc¢ Law 10 lth¢rnaiional Human Ri8his Law, fr(￿ Thc New Frothievs of ArLiiirus1 IAw- m￿lL1j*¢IorI￿l friims and com￿11110Th 10 Tr￿snaIlOnal rnvirontnenthl Law. In the Spring 2024 sefflCs￿r. CTLS off¢red teTh ¢lecti¥e coursc5 sraffed by fac￿llY from CTLS pather instiltstions. Students wroll¢d in coutscs surh w Comparative I￿11￿1￿31 Property l&w, Crim¢nolo&Y of Whilt-C(>llBr Crime, 8rtd Comparaiive Con5111Utional Law. Abnyide thcir elccilve wurs¢& siuden15 were cnroll¢d in ik COT¢ Course.. TronsnaiSon91 Law.. lthwoduciion and S¢le¢*d Issues And ihe Glob81 Practic¢ Exwise in Ix>tb scmc51cr5 - an ithi¢rk%ivG n)ulii• exercise in tra￿natiOnal rtdlor ￿Mpara￿Ve law. whi¢h providcd an opwrtunity for the diveryc ￿￿deN$ and faculty al CTLS 10 wort together On a COMI￿￿ l¢gal problem. Siudenis 81su aiiended wc¢kly ¢olloqui88Dd sP￿bal 8Uc￿ I￿tu￿8 by S[￿[5 frorn a wotlEe or legal back8Ynunds 95 pari of the Tw8nsna¢ional Lgw colloq01￿ll aml Letiw&8 in TTansnalional Ju51ice series. Th¢ 2023-24 L￿￿r¢S in Transn￿100al Ju%tiC¢ series sllc¢ess and u)nlinwed to exp3nd the Cenlc¢s ¢Thga8emenl with th¢ widgr IEgal wmmunily in Lortdon 4nd funher afield. IA th¢ Fdl 2Q23 ¥emcstcr. Prtsf¢550r Fareda Banda of SOAS, Univcrsity of IA)rtdon, and Professor David Cnoch of Hebiew University of Jerwlem and the Uniycrsity of Oxford, ￿re invited io give Icaurts. the SpriD8 2024 sem¢ster, cfLS inviied Niwiat Ihd, memb￿ of lh¢ Mcia Over5ighi Bo8rO and Exec￿l¥t D1￿ct(w of the Digitsl Rights Foundatii)n, 8nd Prof¢550r CTh&ng or IheNatioDsl Twwan University. A varlety of lTrp¢￿JtI Wcidl ¢v¢nls w¢re alw olT¢rd both s¢rn#*rs. enabling siudenis 8nd fsuliy tu en8a8¢ with the PTograrn and each other. Events I￿luded walkithg iours ofb¢Aal London. mid-5em¢sler pub niebts ond 5¢veral movie nights. The prograw also h05ted a numlKt of caT¢tt talk5, with sFKakers ijKluding Jonath2n Evll￿ Partt*r at K￿nety5 Law LLP and Ra¢hel Styipn from thB Asy)¢iaiionof Financi81 MBrkeis in Europ¢. Sn th¢ F•ll 2023 s¢mtsi#. a ¢lz$5 ficld irip w G¢n¢va wa5 org4Dixed by Profe5Wts Luc& Rubini (Universiiy of Totinol Yuval Shany IHcbrew Unlversiiy of J¢nJsalcml in conneciion With t￿11 ¢las8ts on Inlernalional Trade L4w aThl Inicrnaiional Hlrnan Rights Law respectively. The siudalts Yisiied I1￿ WorW TThle Or8anization md Office of th¢ High Cornmission¢r for Human Righls. In th¢ $ptttE senrtSl¢T. IiK C¢ntv offercd two field trip5. CI'LS Academic cTrDkre￿Qrs Pwf¢ssor Yuval Shany {He￿¢W University Ofjen￿le￿I yVon￿T¢￿ IGeorgeiown Law) organized a trip 10 The 11*8ue, whBre ￿￿denIS visited the Intetnalional cri￿1n￿l Collrt Ihe IAlernational Court of Ju￿1£¢. Tn &ddiiiQn Pro(essoT F.v& Maria Belser (University of Fribourg) 018aniz¢d ll Iiip 10 StrastrfJUT8 in corbne¢tion wlih tLer Human Rights Course. sIL￿ents Y1$5ted thc European Court of Hmian Righis and mcl wih Swis5 Judge Mr AndT¢ Zond. F8ciliL&iin8 such visits off¢rs cfLS s(ud¢nig Ih¢ Chance lo with¢55 how lawyers from a r8nge of differenl b￿kyoU￿dS 80 on io d¢velop th¢ir o¢er& whilu also decpening their 5ubsiantiYC UTLderstandirtg of particular subj¢¢t crLS pmi¢ipaic in th¢ Wilkm C. Vis lthttrrAtionJl Corotnewial Ar￿1rail0h Moot in Vienna thirin8 the 2023-24 academi¢ yeHr, hiring ¢￿erTh91 coach M& Gr8¢e Chen& a borri5ter ai 39 Cknambcrs in LO[￿0Th. The te8tii IODk part in the iTrF¢rson Budap¢5t Pr¢-Mwt. ctLS 5enl o ieBm lo p8rticipaiE in the N¢lson Mandel* World HumBn Righis Mooi, hiring ext¢mal coa¢h Ms. Dxw Pel¢rwn, Visitin8 Lcclurtr irs Public Inlcmalional Law Mwlin8o1 Kin8'$ College London. Sendibs for >JM￿litI0rts allowed 51ud¢ni$ frotneath S¢mEder lh¢ opp)rtunity 10 take p in ort in1ern&iOt￿ tnooi comFlillOlI. Thcse ¢wvriCll￿￿ arc hugely Tewardl￿ for siudenis and allow Ih¢ffl 10 (kvelop their ¥kills *% advocai¢s. cfLSwill wniSnlle ￿ recruit iew)5 foT ¢ornpciitions in (he nrxi a&Bmi¢ year. CTtS is cornJuitt¢d 10 incrta3ing alwnni etyga9ern￿ and torrtinwd EO promote ils AlumDi Hub inih¢ 2023-24 yrar. a uniqu¢ plaiforni for yuden13 10 dI￿0Ver ¢aTecr opporturLliies ￿ aid professional deyelopmerti. All former CTLS studcnts are inv¢ta 10 join the Hub to reconnect Mth Iheir cfLS wlkagues and 8row their proft$slonal ¢iKk. cfLS also Ixun¢kd an alumni wcbpRge in Fall 2023. to show¢￿ profil¢s of formtt CTLS 8lu(krLI$. P8ge 2 G¢otgdowTh Unlvtrslty IUSAI UK InStlg¢lves Origllimlion IRe8i>tered nuJrJ&er.' ffj6635942) R¢port ollhe Trn5teEs for tht yeAr 30 Julle 2024 CTI,S In Ar¢1• cris TelawKhed it5 Annual Aead¢mic Conferen¢¢ in May 2024 &%thc'CTLS Global Conference". The CDnfcrtrtce WBS or8anised by Cl-LS A¢ad¢mic Co-Directors P￿r¢S5or Yuval ShaDy (Hetrnv University of JerLLtslunl gnd Profes$0 Yvonne Tew IGeorg¢toivyk LAWI and them¢ w*s'Consiiluiionalism irtTimes ofcrisis.. TiansnalionDI Puspcciives o ChallcTh8c$ & Way$ FO￿lTd, The Olobal Confertnc¢ includd a svi¢s of pan¢ls by le￿lIng ￿￿emi¢S ID th¢ fjeld followed by a high.profile keynoie pan¢] and r¢¢¢pLion for alumni, with keyttoie sp¢akeT5 Brenda Ilalt. Baroncss H?le ofRithmorKI and Fomicr Pr¢sidenl ofih¢ U.K. Supreme Court, and Kai¢ (YRe8an. Professor of Human Rights Law ar¥1 Direthor ofih¢ llonaven) In#iiute ofHuman Rights ai thc Univcr5ity of Oxford, and Fthn¢r JuO8e tsf th¢ Consiilutional Court ofsouih Africa. Tr confcience was w¢ll.att¢ndal by leèding a¢sdemies in the fi¢l(L siud¢nlS. lacully Oj￿ CILS alumni. CTLS will coniinw wlik lh¥ Glob81 Conf¢ra￿e ith up¢omin8academic yearn rdatsng locgliort be￿Cert Londort ond its partncr 5¢I￿oIs. crLS also expanded lis Summ¢T S¢holavs-in.Resid¢n¢t Progr￿ll in the surnmer of2024. kn81ing fow fvll-lime faculry from Georg¢town Law and two from the Naiionftl Universlty ofsingapo￿. The Progrnn was desi8ncd io allow fa¢ulty to spend orte io four wttks 81 CTLS in b)ndon 10 LX)r￿ucl T￿¢aTch and 10 8encra* scholarly wllalxTrrwions over Ihc 5￿mmer pcriod. cfLS plan>￿ ¢xttt¥J ihe pro￿ ￿ farulty from other Partner in51iiutsO￿% from 5umm¢r of 2023. FUTURE DEVEiX)PMENrs crLS coThlinu¢5 ils eiforty 10 recruii inthp¢nde￿l 51udem5. In Ihe 2023-24 a¢&demi¢ year CTtS rdn a pBid adv¢rtisins trampBigA via Linkedln aimd ai poieniial independen¢ students from ihe US aThJ wolled iwo Jwd¢tsis from new US sclx)ols to attend the ptO8ram in 2024-25. CTLS also continuc5 to incr￿¢ slu￿nI ¢n8a8emcDI, foctsssing effon5 on iTrvilin8 alumni 10 8iv¢ career ialks at CTLS dtsrin8 the 21J24-25 8rndemi¢ year Jryl plannin8 for ihe sprin8 2025 CTLS Global Conferen¢¢ I￿￿at￿l alumni ¢Yenl. CTLS also added two addilionaj partn¢rs frorn Fall 2024. IE Law S¢kn)l joined for th¢ lime as an IDi¢mKdiNte Pjrfrtr and UnivcwsidO¢ d¢ sao Paulo r¢join¢d al Ihc I￿¢rmed1•* Partner lev¢l. Psgc 3 G¢ory¢toivN Unlverslty IUSAI UK l#itLfitlve5 ory4￿15**1fyD IRtyist¢rtd tywrll￿eT. l￿f￿59121 Report•f IheTYusf¢ES for ¢be Yearthd￿ 30 J#De 2024 FIDIANCIAL RKVIKW The Siat¢mcni of FinanGial Acliviiies 5th on pag¢ I l of th¢ financial 5taicmenls show5 how GU UK'S inc(Kn¢•g r¢sources weTC cxpcndcd inihcycwrtndcd 30 June 2024. Total urrtsiiict¢d incoming resour¢es atnouni¢d to Sl.137.025 12023 SI,080,0451. $3W,I)W (2023- 5300,(X)01 r¢c¢ived in the form of8ift5 and $837,025 12023- $780.0451 of tuiiiOO and fees recaved. Resovrtrs ¢XPe￿I¢d amourted 10 $1,308.44412023- $1,122.4271 on ¢ducaiion. An #nttlysis ofthe reyoww cxpeNled is provNied in no*S 4 to 5 ofih¢ financi?1 st￿tm¢nts. Th¢ resulting d¢fJcii for ihB year on unreAri¢ted funds was {5171.4191 (2023- V2,382 dcfbcll), wh¢¢h gave a iotsl ￿ndS dtfi¢ii of$J,947.28212023. $3.775,863). The balance 5h¢¢i set out on poge 12 ofihc fin&0¢181 ststements show5 th¢ finv￿]￿l position of GU UK Bt 30 Jurx 2024. Currthl &ss¢ts we represcnkd by debiorj L)f $63.382 (2023 . $17.9421 and L*sh w bsnk and in haNiof $263J6412023 $126,017). Toial ass￿$ It55 ¢wret￿ liabiliiies 8muunted ￿ls3,947,282)1202J-1$s.7?s,86j)l whi¢b 18 rewnled by ihe closi￿g balance ofi$3,947.282112023 -1$3.775.86311 Ofunreslr￿￿ funds gnd Snil ofresiricled fuTrds. GU UK 58 ￿MmI(*d to usin8 its r¢So￿t9 in pursuil of its chÉri13ble obje¢iive5. AllhDugh the firwcial stakmatts of GU UK r¢fleded a ne8aliv¢ re5¢rv¢ ￿LanC¢ ￿ 30 June 2024, GU UK i$ commit*d to securing a level Or￿serVeS that bs svificiEnl io ensur¢ thai all ¢oThmiimenis Can b¢ mei and 10 PiOtEd ihe lon*terni future of its op¢raiion* until GU UK secur¥ a l¢vel of ￿serVeS 10 meei ils on"gujt)8 liabilitics. G¢(￿gelO￿ll Uniyttsiiy Iihe Univ¢rsiiyI is commin¢d provi(k Iht re50ui¢e5 nE&kd 10 siistain GU UK'S 8diviu¢& GU UK 15 &yes5ing n¢w ini¢ialiV¢S th￿ will sthilizc the op¢raiing re5uIIs 8oin8 forward. These n¢w iniiialives Include incre95ed tulli￿n, in¢TeL%ed ¢nrollmeThi, 8Dd tr pursvit of oth¢r edUC￿l￿n￿l progra￿ts $uch as execlltiY¢ Cdueaiion. IrL￿cl$td revenues will p)silivdy atTecl Ihe r￿Ure fin8n¢ial results and Tedu¢e GU UK'S d¢FKThlency on Ihr Univ¢rsjty. GU UK rclies vcry rnuch on lh¢ fingncial op¢r8tional Sup￿ of Ihc Univus¢ty 15 grnteful lo th¢ Univusiiy for its $upwrt. Rt5eTves policy Th¢¢h￿ily is [￿d by the University And there Rre rMI TcservcscaTded fon¥aTd. Golhgwnt¢r The financisl S￿¢￿entS have bcen pr￿￿ed on 8 goiDB torKcm knis os Ihc FAteni undertukiDE Iw ll￿1¢8ted 115 Ilin8De5s provide the Dece5wy financial support lo tnabl¢ the cornw to rneet its liabiliiies for lew twelve monihs from Ihe dai¢ of approval of these financial sl&lemrnt& P¥4 Gtoygetown Univtrsity IUSAI UK InilNltSYts Orgwnisation IRtgisttr¢d A#mber.' 06635942) Rtpfyrt ol¢b¢Trnste¢s for tbe ytAr ended 30 Ju*t 2024 FUTURE PLANS 'LS parI[￿shIP re¢Niimeni cfforf5 Wntin￿ ￿ focus on incr¢a$ing diversity. CTLS is aclively s¢¢king its first Pro Bono partner, foiu55ing on re¢ruithJEni froffl Africa. Th¢ Universty of New Souih W•le3 ha5 d50 indic8¢d thu they would like 10 move from lh¢ Interm￿1￿￿ ts) Ihe FouDth"ng Partntt levcl. CTLS remains cOr￿louS of thc impkti of 8dditional siudents OTI spacr nctds is taki￿ tt nK85urcd apPr￿th to partnership recruiimem whik also looking ￿ Ion8-Icrn spac¢ OPliODS. lllthe upwmi08 ycar, CTLS al￿ ¢xfft: -To stren￿￿ert Iwhing by ￿ntInuing w emphwiteco-i£achingat¥J faculiy attd 5¢udeni¢nBagvrt - To continue developing a curricul￿￿ which is well-bjignced bC1w￿fft twsiness and non-busiTr¢55 s￿ittl5. ￿bIl¢ law iyate law, IhE(Kelical and dothrinHVpiaCti￿1. -To ¢oniinuc Incr￿1ng the div¢tsiiy ofihe program partiCiP8ntsgvd the Gurrtculum. -T¢ continue dtv¢lopiTrg CTLS a$ a platkom for IcciurtS* partls, and hi8h.piofile JJKakers by buildin8 w thc resewGh and sth)larship aspect ofihe entcrprise and throu8h iDCTe&scd Al￿￿ni ¢n8￿meN. CEtsrEelDWTh UnlYtrsltylUSA) UK IDlti*tfv¢$ OryAni191ion IR¢gi5tcr¢d nuoJb¢r'. 116635942) Report •f th¢Trusttos for tbt y•irended JOJll#¢ 2024 STRUCTUR& GOVERNANCE AND MANAGEMENT GU LIK is a ¢Trmpany limiied by 8UaTanitt Icomwy Te8isir*ior¢ numb¢r 066359421 a￿1 is 8o¥e¥ned by i Memorandum and Articles of AssociJiion. GU UK is r¢gisiL¥¢d Miih the Charity Cornmissi¢)n of En8laJd and Wak Icharily TegisLraiion number 11460781. wilh Effeci from 23 Febtuary 2012. The Tru5** who are 8150 thc direuors for lh¢ purptk5es of company law, serv¢d during ikycor *dup to IIK date ollhe re￿rt ￿￿.. W. Trvanor M. D, fjrecn Trus￿¢9 use Iheir own ndworkofo)thiacts w ¥J¢Mify suirabl¢ ¢andidai¢s posstssin8 t￿ceSsary kNTrwl¢d8e $kills ID act a$ Trnsi¢es of GU UK. At the pte5¢rtt lim¢, GU UK ha5 three tru￿¢¢$ %thith is ctyi$ideT¢d athqua¢t ￿ its pUtTr￿S. TrUS￿S are recyuitrd on Ihe btsis of (heir cxi%iing ￿le¥￿th kwwl¢dg¢. InfimatKm TclJtinE lo fju UK¥ le yTalUS, rinBn¢¢sand activities are pravidcd iDBdvarKe of ?pw)lntsn￿t. Tru5kr5are expB¢ied to id¢ntify their tr&In1￿￿￿ed8 and io lak¢ mggsures lo erk%uT¢ that Ikse A¢eds 8remet. GU UK ihrtc Trusi¢e5, which are {il lh¢ Univ¢rsity. I non-profli inslilutiort of higher c￿￿110M urgaTLis¢d &8 non-stock Wr￿r&i10￿ under frderal chaTW in th¢ Unikd States of Am¢riGa (the Uniycfsityl r¢prcseJled by Ihc individu81 holding Ihe posiiioll of Sccrclaryof Ihe Univ¢rsityl. Iiil Ibe indivsdual hklding ihe po$iiion ofChi¢f Finwjcial oiri¢er at lh¢ University. and lsii} the individual holding the PDSltion orEx￿￿tiVC Vic¢ Pruidcnt for Cenler Affaits and Dean of the L8w Centw at the University. Th¢ two aforernenlio￿d iNlividuats serv¢ as memb¢r5 by virtue of tt)e pt>sitions Ihey IK)Id at lh¢ UniveE5ity' if Ihey w¢r¢ to l¢ave th¢ir positions al Ihe Universiiy. Ihe M5tershtps would IrHnsf¢rto their 5￿cesS0¥S in Ihcir posi110￿ ai the Uniyersily. GU UKS pl¢¢y is sd by ihe Boord of TN51ecs Iihe "Boatd'l, ond an AdmizLislraliv¢ th￿tor, wrrenily Maik¢ Kollerbtt-wilson. exerci￿$ the d¥y-to4lay man&gem¢M of cfLS. The Tru5kCS ofGU UK or th¥ Board may, frorn lime 10 lime, app)inl any p¢Ysots os ll mernbcr of ihe tloard either 10 fill a casual vwancy or by wayof addition ￿ IIK Bw[4 subject to the provisLons of lh¢ Articles of Asswiaiion. Any Trustee so oppoinied shall rrflin oifite until k or th¢ re5iw z& a Iru5tre of GU UK or upoTr oih¢r ¢ir¢um$taN¢s set forth in the Articles of A350¢iaiion. RISK STATKMENT Th¢ TntsieEs are awart ofih¢ir re5pgnsibilily 10 erL%ure thttl the rn8jor ri5k5 10 Mthirh GU UK 55 ve identificd a￿d io tsiahlish sythms lu mifiBale ihose risks. The Trw¢ee% EKli¢v¢ that ￿4Vate conlrols ond syslcmg Jre in pla¢e lo miligateany ¢xlErnal intemal risks tIb￿ GU UK may fa¢< REFERENCE AND ADMI￿,1S￿￿T]VE DETAILS Regbtértd CompAny n#mbew 06635942 (En￿and and Wales) Rryistsrel Cb*rlty number 1146078 Ro8lstered oifite 1st Floor Heulthaid Ho￿e MarllxTrmugh Hill Hwrow iA>ndDn HAI IUD Tr￿Ste¢S W Tre?￿r DB YQTeen Ms M Mattg)n Page 6 Gtorietowty UhlweT5ity IUSAI UK IMlliitiV15 Org4nl$ation IKe815tcred n#mher. 066JS9421 Rep)rt ofth¢Tru5ters for Iht y*areMd￿ JOJ¥nt 2024 REFERENCE AND ADMINISTRATIVE DETAIiS AuditOTS CTanl Harrod Lerrnan Davis LLP Chart¢red A¢wut)WI5 Stalu￿ry Atmliior Isi Floor He￿¢haid House MarI￿Tough Hill Harrtlw Midd1¢5¢X 11A1 IUD srATEMENT OFTRusfEFS' RLSPONSIBJLITIES Th¢ Tru51ccs Iwh) ar¢ a150 ik dir¢cfors of Gcorgeiown Univetsiry IUSAI UK Initiall￿# org￿￿￿lOp for ik purFWS of wmpany lawl Br¢ resrrt)nsible fi)r preparing the Rwort ofihe Trusiees ory1 ih¢ financi?1 sl&i¢rnenlS in a¢cord&EKc wilh applicthle and Uniicd Kin8donb A¢cur¢e& in¢lthling¢lS income 8ndc%pendiiure. for the yearthETh ¥￿ed.. bavc b¢en properly prepwed ina￿)rdance with UThitcd Kingdo￿ Gen¢rally AcGc*ed Accounti￿ PTathiC¢'. hav¢ be¢n prepared in attOTdarKe with th¢ rwuir¢JDenisof th¢ Compani¢s Ad 2006. B*sfy foropi*io Wc conduc*d our aud51 in 8ccor(kn wilh lThttrn#tw)rAI St8sthrds on Audiiing {UKI IISA5 IUKII opplic4bl¢ law. Our r¢$pon$ibililics those sianduTds are further d¢scribcd in th¢ Audiioré r¢5ponsib>litie$ for the 9￿All of the fingt*ial sllliem¢nlS seciion Df our rq>ort. Wc 8r£ i￿1¢pendent of the charitablc company in accordarKY wiib Iht cihical quirEsoents Ihal are rclevini to audit Df Ihe fin￿cial siatefflents in lh¢ UK. inc)￿Ing th¢ FRC5 Ethicoi Sthndard. and the proyisions avaIl￿le foT small eniilics, in circiimstsncc5 sel in rLoft 16 th (h¢ fiDwcial Slalem¢nL%. w¢ Ive fislfilled our olher ahic81 rtspon5ibilitLe5 In 8C¢OTdaft¢¢ wilh Ihc5e requiY¢rnen15. We believe Ihal ¢h¢ uudii ¢vIde[￿ we obtained is sutfKi¢nL and appropTiak ￿ provide ab8sis for our opinion. Con¢luslons Ttl*tin8 to Etrlig ¢onter ID ¥uditin8 th¢ finan¢ial ￿￿eMen1$ w¢ hav¢ con¢1￿led thai Ihc In￿¢¢￿. u¥¢ going ¢LKKern ba5i5ofa￿)Unll￿g in the pr¢paroiion of Ihe fina￿la1 *ai¢rnthi$ 15 appropri&i¢. Base41 on Ibe work ￿ have p¢rfomied we have wt Idmified any mawrial ￿￿ertaInlI¢S retAiin8 ts CVenl5 or wndttlon5 th& indi¥idually OT ¢olkthively* may ¢351 $ignifKant doubt on the cbgriiable COMp￿S ability ￿ eontinue a 8Oillg concern fora period ofat leL81 twelve monihs fr(pm Wh￿ th¢ final￿111 si*emeDts8Teauth)ri$ed foT isst Our resportsibillties gnd thc respon5ibilil¢¢s of the truslets Mih to going corKem r th￿ribed in th¢ reievgnt seaions of this rwTI. Otk¢r infomtlo Th¢ I￿￿et$ are rupons¢bl¢ foi ihE oiher inforfflaltorn The othtt informaison comprises ihE infortnaiiort in the Armuol REpoiL oiktr than Ihc fina￿111 stafrment5 and our Report of the lThJependent Auditors Ih¢rtM. Ow opinion ort fin￿¢la7 %ti*em¢nts th)¢s not toyer Ihc oiher infonndiion aThl, ex¢W to thE ex1￿ Ot￿[wiSe expli¢iily siatcd in w report, we do not expr&s5 &ny form of as5uran¢¢ conclusion ihereoD. In ¢oJuKction wilh audil of thr finarKial sta*rnents. our responsibility is 10 read Oth￿ informaiion aTh4. in doin8 so wnsider wheihcr the oihEr infornlation mBltrially inco*sisi¢ni wilh Ih¢ finan¢i815taiem¢nlS Oi ktK)wl¢dge ob￿lDed in Ihe audit or 0lh¥wise app￿r5 to be tnaierially missiata. If we ideniity surh maUL81 I￿0[}815*n¢￿ts or Jpparenl moieria] misswiemeiits, we arc rquiTed ID dc*rmin¢ whethcr thi5 giv¢s ris¢ lo a m8*fi41 m¢s*stenKnt in th¢ rintncial SLgi¢m¢nts ih¢m$elvc5. If, b￿¢d on ihe work wc have p¢rfoThed, we wThclud¢ th￿ thE¥e 15 a rnaittial mi55tai¢meniolihis (ther inforniation. we AT¢ Tequir¢d w rqx)n Ihat f￿1. We h&v¢ Mihiryto rep)n irtthi5 rewd. OplDio•$ w other mltters prt5rrlbed by IheComp•niu Act 2006 In our opinion. i)L8ed ot5 Ihc ￿¥￿rk u￿e[l¥ken in the course Ofthea￿lIt.' ike informaiion Biyell in Ihc R¢port of ihe Tru5tce5 fi)t the finatKtBI Y￿ for whirh the fina￿191 siw¢n*ols are weparrd is tons15tetti with Ihe financial sloiemuit& and the Rcport of thc Truyees has been prepared in ac¢ordèrtc¢ wilh appli￿ble l¢Bal requw¢ments. Pa8e 8 R¢port arithe In&cpendenf Auditors tts the Memberl of Gt•ryetowN UDiversily IUSAI UK Initi￿lIVes0￿￿￿bytsv Matters which we art rt4uirrd to rtpfyrt by Qxceptlon In lh¢ light of the krK>wl¢dK¢ and ￿nd¢r￿andIng of ¢haritsble compary and 115 environmenl obtained in the courx of lh¢ •udil. we hav¢ Id￿lifled m8ierial rnisswemen15 Irt Ihc Report oftrK Trustees. W¢ have nothingto r¢port in Trswof the follvwin8 matt¢T5 whEte Ik Cumpanie5 A¢1 2(X)6 rcquires us to r¢porl 10 YOU if, inour opin¢on-. adeqvale accounting Tecords have rtoi bcen kcpl or retuTh ¥deq￿le far OUT aLKii( have ¢v)i bEen received frorn branches noi visited by us.. OT the finaNi81 ￿￿eMen(S noi agreetnenl with thE Rccoun¢ithg re¢or(ls and rclum5- 01 certain d15ciosU1¢50f In￿l¢es, remur¢efalion specifia by law are rnl mad¢: vr we hav¢ no¢ re￿ived all ihe infomiatiot) and explot)otions we require for our audiL 01 tk iruster5 were not enliild to tak¢ advantagc of thc 51nall ¢oms)anies exemOiOll from the requiNnenl ¢0 Strate8i¢ Report or in prq)arin8 the R¢prt ofthe Twglets. RupoDylbilltSes o¢tr¥5tees As explaincd morc fully in Ihe Smiement of TrLL8tc¢s' Rc5p)nsibilitie& the tw$t￿¥ Are also lh¢ diTe¢¢ors of tht charitable ￿mPanY for thr purrx)5¢5 of comwy lttw) are reswTrrsible for the PT¢paraiion of the finttncial st8wn¢nts for bein¥$atisfied tha¢ Ihey giv¢ # tttle fair vi¢w, for wch inlcwtol tonirol the Irusi#s delcrmii¢ is necessary to ¢nable Ib¢ preparotion of finwoial 8t&tcmeM5 ¢￿t arc free fvom mat¢riuJ mi551ate5ncnl, wheJherdu¢ to fraudorerror. lft prep￿1￿8 the fillancial 5¢•1em¢ThlS. Ihe li￿te¢S are res￿n51bk for asse&%ing iht ¢h8ritable comp8n￿S abilsiy io eoniirtuc &8 a going disclosing. as applicablk mattcrs i¢laied to 8oin8 concern and usitlg the goinK ¢on#m basis of accouniing unl¢s$ the INs*e5 ciikr inltnd 10 liwidak Ihc tharil&bl¢ compaoy or to ce&s¢ operatior& or knve o rc81istic glEernaiive bui todo g). PaKe 9 Reprtrt of the IndeptTrdettt Audltors to the Mewb¢r* or Geory¢loww UnivetsSty IUSAI UK Our re5POn5ibilities forthe Audlt •f th¢ lID5￿cIal slgtsmeuls Our obje¢tiVC5 Br¢ 10 obiain rea8onable a>$uran¢c aknut whEiher Ihc fJw*ial statem¢Trts as a wlK)le free frorn mai¢rial mi5Stakment, whether du¢ 10 fraud or eNor, and 10 i*%ue a Report of the ID&pEnLknt Audblovs thai inLlud¢s u opinion. Reasonabl¢ 355urnncc is a high Igvel of wuranck bui is rjoi a 8￿antee Ihat an awjil coNluclcd in aCCordE￿¢ wilh ISAS {UKI will 8lways d¢le¢t a mai¢rial misstatemenl wh¢n it exists. Misstsiemen15 gEiSe from frwd error &rn1 ¥¢ onsidcr¢d malcrial if, bndividually or in Ihe asgregal¢, Ihey ¢ould rcwThably be ¢Kped¢d to inllwice the econorni¢ deci8Lons of us¢rs iak¢non th¢ b&sis Ihc5c financial stai¢menlS Th¢ exierrt 10 whicho¥r Procedures JTC Capabbe ofdetething irrewlftriiie5, I￿ludIng fr#ud is detslkd bttlow-. W¢ hx¥e obiain¢d arb ￿derSta￿lIng of Iht l¢gal and regulatory fraMcw￿kS applicabic to Co￿p9nY and the indLtsiry iioperalEk We d*miTh¢d Ihai the follo%wni14ws Tegulalions W¢Te m051 signifi￿￿-. FRS102, Companics Act 2006. Healih and safety, W¢ obial￿d an undrrswndlng of IKJW the coM￿Y 1$ ￿MplyIng wilh those1¢8al and rc8ulawry frkniewTkts by rnakiDg enquiries of manag￿ent. iknsc rtwnsiblc for l¢Ral and compliarfc wo¢edur&q and t￿ ¢ompany S¢L¥e4ary. Our rJThlin85 werc corrot&)rnfrd by ievi¢w ofihe board minulcs tnd papgrs prepared by ihe bo8Td of dlre¢to We A55eS5cd susceNibilily ol cOmp￿Y s firwKi&l s&temwts mis$tste￿1. lorluding how frt￿J igh¢ 0¢￿r. AudiL p¢rfom)ed by the avdil included.. - Obtaintng an utthT5tandingof Ixbw Ih05e chg18ed with 8ovetnan* ¢￿SIdered aTrJ addrtssed th¢ w)ientlal for override of wniro15 or￿h¢r in8ppropriate influ￿¢¢ ov¢rtk rim￿181 reporti4g proces& - Chall¢n8inROSSUmPtiOD5 atyj jud$emMts mwjr by Ènanagtmcnt in its$lBt)ifironi attountln8 e51imgtc& . Id¢ntifyin8 8NI tesiing journal ¢DifiE$. ¥rytha focllson ￿lriuni in arriving ￿ the opuat5rig resulL it*S¢ Amounts payable under Omting leax5 are dwd to the St8frment of Finan¢wl Adivilie5 on a sirnighl linE buis over Ih¢ period of the le&8 P¢D51on ¢gs1$ ind olheT POSt-rttlr¢rn•nt benefit5 The Company opuate5 a d¢firKd eonly1Th￿ion pcnsion s¢hem¢. ConÈTibuiions p&y8bl¢ to th¢ COmp￿Y'S pension Jctrrtmeare that8¢d lo the ptoftt and1059 ￿coUnt in the pEriod 10 whi¢hih¢y rtlak. DONATIONS AND LEGACILS 2024 2023 100,o(x) 300,(X)O Gifts P88e 14 ¢oniinLKd... Georg￿•wn Uthlverslty IUSAI UK Initiati¥¢5 Orgin&satkin Notes to tht Wiunciai Statem¢uts- tfjntinwed r the y￿r tnded 30Juw 2024 iyrHER TRADING AcfiviTIES 2024 202J Tuition aDJ fres 837.025 780.045 CHARITABLE ACTIV￿lEs cosrs Direct Costy Tou15 2024 2023 2024 2023 FAlucalioTh 1,308,444 1,122.427 1,308.444 1,122.427 IYET ￿cOmE1(ExPENDlT￿￿E} Nct irtom¢lleKpffldiiw¢l Ll sieltdaftLY cthar8inW(crediiin8)'. 2024 2023 D¢prYciaiion- owned 8wr5 Oiheroperaling It85¢S Audiiorl remunethion 176,292 261,929 57.945 176.293 237,911 55,167 TRUSTiLS' REMUNFAIATION AND BEP4EFITS There weT¢ rrf) lYUSttes' r¢thun¢rAiion or oih¢r b*KfiL8 for ￿ ycar ended 30 Jtr¢ 2024 rtOT for th¢ year ¢nded 30 JU￿ 2023, Trnslets, expernfe Tkrc were no expenses paid for th¢ year ¢nded 30 June 2024 for Year￿(￿ 30 2023. STAFF COSTS 2024 2023 254,140 19.128 21.499 Wagc5 and 5alories So¢i41 SC¢UTity costs 01herp¢￿i0n £osts 242,583 20.351 22.890 291.824 294.767 The ivwDge monihly n￿nb¢rol￿1OyetsdVrIng the ￿ar was B5 follows.. 2024 2023 Adminiyiraiion Th¢ numbcr of employee5 whose¢rnployEe ttrtefiis lexclllding ¢mployci pe￿On cos15) ex¢c¢ded £60P(X) wa5.. 2024 2023 $110.000- $120.000 PWIS ¢oNinued.. Gooryetown Univ•7ity (USA) UK Initiatives Org*ni8*tioD Notes to the Fillancial StJttem¢Ats- tootln•¢d ftsr tl¢ yeaT ended 3D J•n¢ 2024 COMPARATIVES FOR THESTATEMENT OF FINANCIAL ACTIVITIES UnYes¢rirled nd Rc5tric*d fvDd Total fuThls INCOME AND EIYDOWMENTS FROM th)n&tians 8nd le8a¢ies 3(Kl.O(N) 300.000 780.045 780.045 Other wading￿livI11Cs Tot I,080,045 I,0￿.￿5 EXPENDITURE ON Charitable ictivltl¢J Edu￿(10 1.122,427 1.122.427 NET INCOMEIIKXPENDITUREI 142,382) (42 J82} RECONCILiAI"ION OF FUP4DS Total fund$ brought forward (3,733.4811 {3,733,481) TiyfAL FUP4DSCARRIED FORWARD lJ,775.8631 (3,775,863) TANGIBL& FIXED ASSETS ImpTovernents lo property Pl&nt tyi muchi Tothls COST Ai l July 2023 ?nd 30 June2024 DEYKECIATION At l July 2023 Charge for year 1.405,Z44 109,696 1.514.940 54,848 10,970 881.4SI 176.292 826.603 165.322 1.057.743 At 30 Jun¢2024 991.925 65,818 NET BOOKVALUE AI 30Jurte 2024 457,197 413J19 43,878 633.489 AI 30 Jun¢ 2023 578,641 54.848 Pa8¢ 16 toniinued... Gtory¢tsJWTr Unlvetjlry IUSAI UK liitlitiYe5 0ry4n15ath)D for the ye*rthded JO Juu¢ 2024 io. DEFfoR&. AMOU14TS FALLING DUE WITHIN ONE YEAR 2024 2025 Tr*Je debtors (hh¢[d¢￿or5 Pre￿Ym<￿is 37.500 7,395 18.487 17.942 63,382 17,942 CREDITORS: AMOUNTS FALLING DUE wfTHIN ONE YEAR 2024 2023 Amounts owed ID8roup uNdertokin8S Oth¢rcrediioFS nols 3nd d¢fcrred incom¢ 4.648.416 5,640 77.369 4,466J28 21,691 65,292 4,731.425 4,553.311 C*or8¢11)wn Univ¢rsity have guarmieed 10 provid¢ tt* n¢¢essary finanrial to tneble ￿￿￿¢10w￿ Lknivetsiiy (USA) UK Iniliaiives Orgonisation to neei its liRb¢litiC5 aperiod of wi lea51 1 yw from th¢ daic of 8Fyroval of these financiil sw¢mem5 12. LEASINC AGREEMENrs linimurn lewp8ymenis under non-cancellabl¢ opryatin8 Leaxs fall dw as follow5: 2024 2023 220.566 55.141 210,770 263,463 WsihiD orK ye Bciwecn0ne￿d five yeors 275,707 474.233 13. MOVEME￿ IN VUNDS Nei At 30.6.24 At 1.723 in Unrestricttd funds C*nual fund 13,7153631 (171.4191 {J.9472821 13.947,282 TOTAL FUNDS 13,775,863) P¥8c 17 CQOILnued_. G•or8¢town Univertlry IVSAI UK lllltlglives OrgANis*tÉoD Not￿ to the Fith•n¢i*l Stst¢mtnts- rDntlDyed for the yur tnded 30 June 2024 MOVEMENT IN FUNDS- ￿ntinUed Net movcmcni In fvnd5. irKlud¢d in the abl?￿ are￿ follows.. Incorning resour¢c5 Rc&ource5 expend¢d MoveTnenl in fvnds UDr¢strl¢ied fllffds C¢nerÈl [￿d .137,025 11.308.444) TOTALFUNDS 1.137.025 11,308.4441 CoMparatiYtJ for rnovtMJent iti Nel mov¢ttLeni in fwAs At 30.6.23 At 1.7.22 Uhn$trScled thDd5 GenerNI fits {3,733,4811 142J821 {3,T75.8631 TOTAL FUNDS 13.733.481) 142,3821 13.775.863) CompaTa¢ive D¢t mov¢Men¢ ITh fund& included ID the atoY¢ aFe Bs follows: ItKOmill8 cxrthd¢d in fiLThI$ UttrestTi¢ttd fv•di Gewdl fwKI 1.080.045 (1.122.427) 142.3821 TOTAL FUNDS 1,080.045 11,122.427) 42,3r21 The unratYiCted fvThJs ar¢ been used in a¢cord￿¢ withih¢ dwithble obje¢liV￿ 81 the di5ueiionolth¢ tr￿¢¢￿ Th¢ chariiable piry3¢ is the •dvsncemeni of cducaiioThvia th¢ pmvision of academic cours¢ Buth fututs 8re currawly im d¢fLclI as currently eX￿ndIn￿e Tel4tln8 w the rtwiiNble objccts Oft￿ compthy rrently Exceed5 Ihc funding rxeived. Th¥ fJnancig15th1¢mEnts h&ve pre￿red on a Eoirg (ix￿1￿ basi$ as th¢ paren¢ und¢rtBking has i￿11¢aled lis willingn￿$ to provide the ttc¢s5ary fin8DGial support ￿ uoble the L¥>m￿nY to mtsl ils li8￿1*11￿ for a pcriod of * Icast twzlve months frvrn the dale ofapproval of thes¢ finarKial statcmeffls. ge 18 continued... CefjrEetowTh Vuiverslty {USAI UK lTritiottyes OrEaM15*tion to tknt Fln•D¢iwI SIAtemtTrts- tontiNutd far theyear tnded 30 June 1024 EMPLOYEE BENEFIT OBLIGATIONS Amourt le￿8￿1s¢d in Ihe SOFA for Defind P¢tssion wntrIb￿lOn5 is $22,89012023- PI,4991 There ￿re no balarKc5 duc for ihe yeu ¢nded 30 June 2024 DDr foTiIK ycar ¢ndcd 30 June 2023. RELATED PARTV DJSCLOSURES 15. The company has iak¢n advantage of1￿ exempiirn available under ihe ierns of parwaph 33.IA of FRS T02 fmm di5r105ure of1￿1￿110n wilh other wlN)Ily owned growp undertgkings. FRC ￿NIcAL ¥fANDARD- PROVISIONS AVAILABLE FOR SMALL ENTITILS In common with many oiher bu5ineyscs of our size nwure our audilDr5 to srtpar¢ and subrnit VelUrn5 to the lax S￿hOrities and wilh th¢ prepar￿lOnOr1￿e financial slatwner4 16. 17. ULTIMATE cowfROLLJNC PARTY The direC￿ts rwrd GeoT8down Univusity. J non-profi It￿lLI￿l￿N of higlw ¢d￿lliOn organi￿0 as a t￿n￿5￿)Ck urpr>rntion urnl¢T feder81 cTr*rfLY in ihe Uniied States of Am¢ric4 bB I￿ uliimaie pfjreni umlertskingand ihe uliimatc controlling party. I& COMPANY UMITED BY GUARANTEE Thc ¢ompony w&$ in¢orpoMt¢d on 2 July 2008 asa ¢omp3Dy Limited by GuaTaiitce,ill¢orpDra*d in Englond arKI W8les. The re8iuered office is 1st Floor, H¢ah￿Id Hou5¢. M2rlborouoh Hill. H8FWtsW. M¢ddles¢x, HAI IUD. P8ge 19