2021-06-30-accounts - Cornell University Foundation (UK) Limited

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Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2 to 3
Statement ofTrustees'	Responsibilities
Independent Auditor's	Report	5 to 7
Statement ofFinancial	Activities
Balance Sheet
Statement ofCash Flows		10
Notes to the Financial	Statements	11to 18

				Unrestricted	Restricted	Total
				funds	funds	2021
			Note
Income and Endowments		from:
Donations and legacies				33,087	328,907	361,994
Total Income				33,087	328,907	361,994
Expenditure on: Charitable activities			4	~35,170	~329,943)	~365,1)3)
Total Expenditure Net expenditure				~(35,170 ~2,083)	(329,943) ~1,036	(365,113) ~3,119
Net movement in funds				(2,083)	(1,036)	(3,119)
Reconciliation offunds
Total funds brought	forward			2,917	2,268	5,185
Total funds carried	forward		13	834	1,232	2,066
				Unrestricted	Restricted	Total
				funds	funds	2020
			Note
Income and Endowments		from:
Donations and legacies				101,757	135,990	237,747
Total income				101,757	135,990	237,747
Expenditure on: Charitable activities			4	~99,827	(133,722)	(233,549)
Total expenditure				(99,827)	(133,722)	(233,549)
Net income				1,930	2,268	4,198
Net movement in funds				1,930	2,268	4,198
Reconciliation offunds
Total funds brought	forward			987		987
Total funds carried	forward		13	2,917	2,268	5,185

	Statement ofCash Flows for the	Year Ended 30June	2021
			2021	2020
		Note
Cash flows from operating activities
Net cash (expenditure)/income			(3,119)	4,198
Working capital adjustments
Decrease/(increase) in debtors (Decrease)/increase in creditors		10 11	1,450 ~118,363	(2,137) 118,363
Net cash flows from operating	activities		120,032)	120,424
Net (decrease)/increase in cash	and cash equivalents		(120,032)	120,424
Cash and cash equivalents at 1	July		120,550	126
Cash and cash equivalents at 30June			518	120,550

3	Income		from donations an	d legacies
					Unrestricted
					funds
						Restricted	Total	Total
					General	funds	2021	2020
Donations		and legacies:
	Donations		from individuals		27,168	268,607	295,775	218,685
	Gift Aid	tax reclaimed			5,919	60,300	66,219	19,062
					33,087	328,907	361,994	237,747
4	Expenditure on charitable			activities
					Activity
					undertaken	Activity	Total	Total
					directly	support costs	2021	2020
Grants payable - Cornell University					363,445	1,668	365,113	233,548

Other debtors
11Creditors: amounts	falling due within one year
Other creditors

Allotted, called up and fully paid	shares
							2021		2020
					No.				No.
Ordinary share ofKl each
13 Funds
					Balance	at	1	Incoming	Resources	Balance at 30
					July 2020			resources	expended	June 2021
Unrestricted funds
General
Unrestricted income fund						2,917		33,087	(35,170)	834
Restricted funds
Class of1965dues and donation								600	(400)	200
Gert L.and Daisy C.Daniels Fund								31,250	(31,250)
French Clerkship Program								16,662	(16,662)
Faculty Fellowship Program						1,650		400	(2,050)
Mathematics Dept. for graduate	students							702	(702)
Law School - Impact Fund for LLP program								7,915	(7,915)
PHD Scholarship at the Johnson	School					231		15,625	(15,856)
Friends ofPhysics						291		768	(652)	407
Mathematics Library								3,125	(2,500)	625
College ofArts and Sciences - bridge funding			and	new
endowed scholarship								186,955	(186,955)
College ofArts &Sciences - Statistics Department				(Tower
Club)							14		(14)
Cornell Program in Infrastructure	Policy	Fund						62,500	(62,500)
Psi Upsilon Capital Campaign						50		1,700	(1,750)
Library and Sibley School ofMechanical Engineering ArXiv gifts		and	Aerospace			32		705	(705) ~32
Total restricted funds						2,268		328,907	(329,943)	1,232
Total funds						5,185		361,994	~365,113	2,066

13 Funds (continued)	13 Funds (continued)
				Balance at 1	Incoming	Resources	Balance at30
				July 2019	resources	expended	June 2020
Unrestricted funds
General
Unrestricted income		fund		987	101,757	(99,827)	2,917
Restricted funds
French Clerkship	Program				17,651	(17,651)
Faculty Fellowship		Program			8,250	(6,600)	1,650
PHD Scholarship	at	the Johnson School			16,750	(16,519)	231
Friends ofPhysics					7,750	(7,459)	291
College ofArts &Sciences - Statistics Department			(Tower
Club)					4,000	(3,986)	14
Psi Upsilon Capital ArXiv gifts		Campaign			1,700 79,888	(1,650) ~79,856)	50 32
Total restricted funds					135,989	(133,721)	2,268
Total funds				987	237,746	(233,548)	5,185