Compary reglstration number.. 09973689 Chanty reglstralon number. 1170230 Williams College Foundation (UK) Limited Annual Report and FknarKaal St8t8ment for the Ye3r ErKled 30 June 2024 SKS Audlt LLP Chartered Aixountant 3 Sheen Rd Rl¢hmond TW9 1AD
Wi]liams College Foundallon (UK) Llmfited Cont•nl• Referen and Admlnlstratlve Deta1 Trusle8s' Report 2to4 Statem8nt of Truste8s' Responslbllltles Ind&pand8nt Examin&fs RepNt Sl8tem8nt of Flnandal Adlvti Balanc8 Sheet Noles to the Financial Statements 9t016
Wllllam$ College FouAd#tlon IIJK) Limited S Staley M Mcconish ELKim M F Wagryer K Kervan (res*aned on 2310212024) V My6rs lappointe4J on 2310212024) Prlnclpal OlTh¢• 99 Du$1 Rd London EnglarKI E5 8RP Raglsl•r•d Offlc• 99 Durfston Rd London England E5 8RP Company R•gislralion Numb•r 09973689 Charity Rogl•traUon Numb•r 1170230 Bankers Bardays Bank Indepond•nt Examln•r SKS Awjit LLP 3 She8n Rd Richmon TW9 1AD
Williams College Foundation (UK) Limited
DIRECTORS’ AND TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024.
The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) (effective 1 January 2019), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom (FRS 102).
Objectives and activities
Objects and aims
The objects and aims of the charity are:
a) the advancement of learning and education in particular at Williams College and;
b) such other exclusively charitable purposes as the trustees may in their absolute discretion determine.
Objectives, strategies and activities
The charity aims to achieve its objectives by providing grants to Williams College. During the period the charity was able to provide grants totaling £410,997 through donations and gift aid received during the period.
Public benefit
During the year under review grants to educational establishments of £410,997 were made in furtherance of the aims of the charity. The trustees believe that the grants ultimately result in benefiting the wider public through furthering education.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Developments, activities and achievements
The William College Foundation UK Ltd has assisted Williams College over the past year in various ways. It has done this through soliciting gifts from alumni, parents and friends.
Future development
The future developments will be to continue to advance education by providing grants to Williams College for funding for student and faculty aid, capital renovations, teaching and research.
Transactions and financial position
The Statement of Financial Activities show total incoming resources for the year of £410,257 (2023: £410,814) and net deficit of £933 (2023: net income of £522).
Reserves policy
The Trustees have resolved to commit as much of the charity’s resources as possible to expenditure grants, whilst retaining very modest reserves to meet day to day administrative costs as they fall due. At the year- end unrestricted reserves stood at deficit of £1,227 and with restricted funds at surplus of £5,464 giving total reserves of £4,237.
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Wllllami College FouDdatlon (UK) Llmlted DIRECTORS, AMD TRiISTEES' REPORT FOR THE YEAR ENDED 30 JUME 2024 The Trustees have cL)nducted their revl8w of the maiw risks lo lch the chartty L8 exwsed and have o)nduded that the ftAlowing systeTr:s that have been established prothde reasonable lyjt not absolute assurano that those risks are adequalety managed: (i) The retentlon of a professional se(xetsry to admtnistr8t8 the foundation: (ii)The retentIC of a professi(al ac(xJunting fimi with experience in the area to conduct an 8xaminatlon' (iii) The retentbn of a law flrni vhth extenslve experlence In thls arga., {iv) The requlrement thal transfer of fuThJ8 by the foundation b8 approved by iwo authorlzed signatories: and (v} Flnal rgconaliation by staff of Wllllans College of liam,5 donatlve and acowrrtlng records with the financlals of Ihe Foundation. The trustees have also hail due regard to guidanlx wbllshed by Ch*lty Commk8sion on public benefiL 8tru¢turn, governanc• and m•nag•mont Naturn of qovwnhiq docum•nt The Wlllams College Foundatlon (UK) LirnTted was incorporated on 27 January 2016. wlstwed as a chariiy on17 November 2016 and comman trading on Ihat date. The charlty Is Incorporated and is co11u and by its mernorandum and a8& of assodafjon dated 27 January 2016. The TnBtee8 ar8 also directoTr of the cornpany. elect new members as and when required. The Board Lwrrenty consists of thre8 MplOYeeS of William College and Independent directors. When vong to approve grants to Willlams College the employees do not P8rticipate in any vote due to a potentl81 connict of inteTesL
Williams Colleve Fowidatlon (UK) LID]fited DIRECTORS. AND TRUSTEES. REPORT FOR THE YEAR ENDED 30 Jun• 2024 small company provlslon Thls report has been prepared in accord with tho small companies. reglme under Ihe Companies Act 2006. The annual report wag apwoved ty tho Irusteos d Ihe Charfty (#). on Its behalf by.. sign8d Valerie Trust88 Page 4
Wllllanu College Found2don (UK) Llmlted
state of Truttaa•' R•&ponbIllIl0s
The trustoes (who are also the direc*or5 of Williams College Foundation (UK) Limited for the purpose
of company law) are resrK)n$ible for preparing the trusl88s' report and the financial statem8nts in
accordance Ith applicable law and United lQngdom Accountlng Stsndards (United lQngdom
Generalty Accepted Acc
Williams College Foundation UK Llmited Independent Examlnerfs Report to the Members of The Wllliams College Foundatlon UK Llmlted I rewt to the chaiity twstees (vtho are also Directors for the purpose of company law) on my exarnination of the accounts of the company for th8 year ended 30 June 2024 which comprise the Statement of Financial Activilles. the Balance Sheet and related notes. This report is made solely to the ¢hariWs twst88s, as a tM)dy. in accordance with section 145 of the Charili8S Act 2011. My work has been undertaken so that I might state to the charitys trustees those matters l am required to stste to them in an irKlependent 8xaminerfs rort and for no other purpose. To the fullest extent permitted by law, I do not accept or assum8 responsibilty to anyone olher than the charity and the charltys trustees as a Ldy. for my Indepen(lent Examination, for this reFMJrt, or for the opinions I have fotmed. Responslblllues and batsls of report As the trustees of the charitable company (who are also the directors of th8 company for the purposes of company law), you are reS)nSIble for the preparalion of the accounts in accordance with the requirements of the Companies Act 2006 (-the 2006 Acr}. Having satisfied myseff that the accounts of the Company are not required to be audlted for this year under Part 16 of the 2006 Act and are eligible for independent examinatR)n. I rèport in respect of my examination of your chaiity's accounts as carried out under seclion 145 of the Charities Act 2011 (Ihe 2011 Act"). In carrying out my examination, I have folk)wed the Directions given by the Charity Commission (under section 145(5Xb) of the 2011 ACL Indopondènt oxamlnefs statomant I have completed my examination. Since Williams College Foundation UK Limited gross income exceede(I £250,000 your examiner must be a member of a listed in sectFon 145 of the 2011 Act. I confinn that I am qualified to undertake thè examination because l am a member of ICAEW, which Is ijne of the listed bodies. I rxjnfimi that no mateti31 matters have come lo my attenlion in conneclion with the examination whlch gives me cause to believe that in. any materfal respect: . accounting records were not kept in accordance with section 386 of the Companies Act 2006; or . the accounts do not accord with such records: or . the aOUnts do not comply with relevant accounting fequirements under section 396 of the Companies Act 2006 other than any requirement that the accA)unts glve a 'true and fairf view whith is not a matter nsidered as part of an irmlependent examination: or • the accounts have rKJt been prepared in accordan wilh the methods and principles of the Ststement of Recommended Practice for accounting and reporting by charities [applicable to charities PTeparing their accounts in accordancE with the Financial Reporting Standard 8PFlicable in the UK and Republic of Ireland (FRS 102)]. I have concems and have corne across no other matters in Connection with the examination to wh attention should be drawn in this report in order to enable 8 proper understsnding of the accounts to be reached. anaurn FCCA on b8half of SKS Audit LLP Chartefed Accountants 3 Sheen Rd Rithmond T019 IAD Date:. LSVI12022¥ Page 6
WJlllam8 College FoundatloD (UK) Llmited Statement of Financlal Actlvltlej for the Year Ended 30 June 2024 (Ineludlng In¢ome and Expenditure A¢¢ouDt) UnreJtri¢ted kntrleted Tot 2024 Note Income Ind FAMlowments fr•m: Donations & L£8xies Total incoo 14 14 1 395.716 41 395 716 410257 410257 Eyndlture OL. Charitable activities Total expenditure 78 78 395 812 395.812 411190 411190 Net Incomel(Ewndllwe) 837 933 Net movement in fiumb {837) (96) (933) Re¢on¢lliatlon of fiuM]s Total futmls Irou8ht fOrwd Sbare Ctyal) (390) 5.560 5,170 Totsl fiumls carried fi)rward 12 27 4237 Tot 2023 Note Ineome FJMlowm¢nts from: Donaliom & Legxies 14.050 396,763 410,813 Total Ineome 396 763 410 814 Clwitablc xtiryitics tsl e4>eDdlture 92 410292 44 396 048 Net Inconl(Ewndltllre) 193 715 522 Net mov¢nnt In (193) 715 522 Total fiuklg IYou81rt forward(Ir¢lubn8 Share c411) (197) 4045 4.648 Totsl fund8 earrled forWd l2 390 5.560 Thg Statemenl of Finan(y81 tive9 also rJ>mp]ies wilh ts requlrements of an Ino)mè eyndlbjre acwunt under lh• Compan188 2006. All amounts relate to ccmlwiuing adivi1 ofthe c)&itth ¢ompany. The f•latem8rn of Finandal Acthrytkns rKludes all gatr and Ios6es reo¥nlzed In tho rrent year.
Wllliams College Foundatlon (UK) LIDted (Regi5tr2tloA number 09973689) Balanco Sho•1 as at 30 Juno 2024 2024 2023 Note Current lets D¢btOT3 740 4.630 5370 37 4237 Current laai4litie8 io 200 {200) Net hsets Funth of the eharitT. Rttleted 12 5.560 5J60 5.464 Unreltrieted Tncome Callcdup Sbare witsl Unrcstricted Totsl Unrestricted FuyLg 12 1228 (1227) 391 (390) Totsl 5,170 The charitsble company is entlled to exemption from awllt under Section 477 of lh8 Companles A¢t 2006 for Ihe year ended 30 June 2024. The members have rM)t required the company to obtaln an audit of Its finaniial statements for tho year ended 30 Jun6 2024 In accordanca wlth SectK)n 476 of the CompleS Act 20(A8. The ISlee8 acknowledg8 their responsibiliti8s for (a) ensuring that the charitabl8 company keeps acrnunllng records that conyly Section8 386 and 387 of the Companies Act 2006 and (b) pteparlng financial statements whlch grve a tru8 and falr vlew of Ihe state d affairs of the charilable company as at the end of eath financial and of ts surplus or deficit for eath finanaal yéar in accordan ¥Mth the requlrements of Seclons 394 ar¥J 395 and which otherwise compty the r8qulrÉments ol the Companies Ad 2006 relaliNJ to fina181 stat8m8nts. so far as appllcable to the tharltable compary. The8e financkql stat8ments have been wepared in aC)rdan wilh the provisi8 8ppllcable to charltable companies sutyect to the smojl companles, T•vithn part 15 of th8 Companies Act 2006. efin naal state i..iS on pages 7 10 16 were approved ty the trustees, and auttK)rised for188ue on sbgnad Dn their behalf by: 18leri8 Ntyer8 Trustee
Willlami College Fowjdatlom (UK) Limlted Notss to the FJnancW Stsrtments for the Year EDdeAI 30 June 2024 1 Accounllng pollcl Surnmary of slgnlllcant accourtlng pollcles and k•y ac¢ouTrting 8Stlmat•s The prfnc4pal accounting polides applied in the preparation of Ihese financial statsments are set out bel(A¥. Th88e pollcies have been consistsnty applled to all the y8ar8 presented, unless otheThSe St•tem•nt af ¢ompliance The Ilnancial stalements have been wepared In accLYdance wkn AcCnO and Reporting ty chitieS.. Stat8menl of R8commended Practice {apF4Fc4ble lo charfties preparing their aOunts in accordance with the Flnancial Reportlng Standard appllcAble in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charitie5 SORP (FRS 102) Revised). the Financlal RerK>rting Standard appllcable In the UK and ReWbI of Irel8nd (FRS 102) and the Compani85 Act 2006. General Inlormatlon and basls of pr•paratlon WIHlams College Foundation (UK) limÈted Is a th•llable compary IlThMted by 8haro capltsl, Incorporated in England. Th& registsred offlce address is: 99 Durlston Rd London England E5 8FiP Th8 prlnclpal adpiitles and OpeIKTh of th8 charity are Sh(P on page 2 ofth&8e financial 3tat8ments. The charity m88t8 the definition of a public benefft entity under FRS 102. Assets and Ilabilitres are Inltlally recognizod at hlstorical cost or transaction value unless ¢)th8rwlse stated In the re18vant accountlng pollcrf noles. The accounts ar8 pr888nted in starllry to the nearest £1. Golng ¢oncwn The Charlty's Finandal Ststernwrfs total ncomè of £410.257 (2023: £410,814) ft)r the year and total res8nrfes of £4,237 (2023: £5,170). The trustees have assessed whether the us8 of tho going ncern assumption Is appropriate in preparfng these finand81 statemants with respect to a perlod of at least year from the date of approval of these financial stslem8nts indudlng considering the Impact of Ukralne l$IS arKI Cost of living on th8 charftys In(¥Jme, expend[re and r&serve8". and Its benefidari8s. They have concluded that there ar8 no material uncertatnties r818t8d to ovonts or condrtions 1hat may cast signfficant dcwbt on the abillty of the charity to continuo as a.golng concern and are fulty engaged on a stralegy to create a sustsinable and reslllent oryaanlsalon durfng challenging ttmes. The Charfty conb'nues to have financial SUPFQrt from its parent compary (William Coll8g8 b88ed In USA). Therefore. the trustees are of op,'nion Ihat Ilnancial slatements for thé year ended June 2024 can b8 pr8pared on a golng ¢on¢em basi5. In¢om• and •ndo*inffits Al Income Is r6c#)gnized once the Charlty has enliugment lo the Inco, it is probable that th8 Inme will be roceived and the amount of the income receprfable can be measured r81W. Donatlon$ and legaci08 Donations are rocognrzad the Charity has been notified in wribng of bolh thè amunt and 8eUlement date. In the evenl that a donation 15 subject lo condltions that requlre a level of performance by the Charity befor8 the Charity is entitled to the fund5. th8 InMe Is deferred and not recogniz8d untll elther those conditions are MOL or the fulfilment of those ¢ondili(Th is wholty wlthln th8 control of
Williaw College Foundailon (UK) Limitsd Notss to the Flnaneial Statements for the Year Ended 30 June 2024 the Charity and It is probable that condiiions wll be fuffilled in the rewirfing period. Expandllurn All expenditur8 Is re(x)gnized once there is a legal or (xrntruclive obligatkjn to that expendlture, it is probabb sottlement is required and the amount can be maasured reliably. All )Sts are allocated to the appll¢able expendre heading those aggrryale simllar costs to that categ¢xy. Where costs cannot ba dire¢Uy attribuled to parIklar headlws.they have been allocated on a basis cnSIstent wllh the use of resources. wtth c¥ntral stsff sts allocated on the basis of tim8 spent. and depredatkjn tharges aljocated on the portion of the assevs use. Oth8r support costs are ailocated based on the sprèad of staff LY)sts. Irrecoverable VAT is tharged as a c4)st agalnst the acti for th8 axpendibjre was Inrred. Charltable actlvftl Charttable •xpend5ture comprises those costs ITTrod by the charlty in the dellvery of Its actlvttle8 and 8epA¢es for ts benefidari85. It includes both costs that can be allo(xted direcdy lo such aciivlties and ttThe costs of an indrect nattn necessary lo support them. Grant Provlslons Provlslons for grants are made when the intenlim to make a grant has been communicated to the redplent IMJI Ihere is unc4rtalnty about either tlmiNJ of the grant or the an¥Junt of grant payable. Support eO8ts Support o)sts Inde central fvndlms and have been allocated lo actsvity ¢x)8t catsgorles on a basis conslstent WFlh the use of resources, for example. allocating prnpety costs by fioor areas, or per pita. staff costs by the time Spent and other costs by thar usage. The charity is a registed chafity and. thwafffe. Is not liable Incorrp Tax or Corporation Tax on income derived from Its chartlable actlv5tbs, as li falls within the variou8 exemptions available to regist8rnd charltias. Cash and cash equivalts Cash and cash equivalents comprise caEn on hand and call deposlts, and other short-lerm hhty Ilqukl Inveslments th81 we readily converublo to a knovm amwnt of cash and ar8 subjoct to an insignificant risk of (*ang8 in vahje. Dobtors Other d8btors ar• arnOts due frDm HMRC n reSpt of aid on donations. Cr•dltor• Other credikns Include the amount payable kn Wllliam Colege. Forelgn exchang• Transadion8 in foreign curffjncl8s are recothd at the rate of exchange at th8 data of the transactlon. Monetsry assets and liabi1Stss denominated In foreign currenci8s at the bthce theel date are reported at the rates of extharvJe pr8vailing at that dat8. The results of overseas operations are translated at th8 averag8 ratos of exchange during the period and thelr balance sheets 8t the ruling at the balance sheet dale. Exchange dtfferenLXS arlslng on Iranslafjon of the openiw nat assets and results of overseas operations ar8 reported In other c(Jmpr8hensiv8 in¢ome and aCmUlated in equity (attributed to non4ontrolling interests as appropriate). Other 8xchang• differences are wnlsed kn the Statement of FlnarKial A&fvltl8s in the perlod in Pa8e 10
Williams College Fowidation (UK) Limited Nots$ to the Flnaneial Statements for the Year Ended 30 June 2024 Ythlch they arlse exw tr: 1) exchange dlfferences on transactions 8nt8red into to hedge certain k)reign currency risks (s88 above)- 2) ex¢harYJe dlffeTences arfslng on gains or losses on rKmFm(etary iterns ara racognised In other compr8h8nsive income: and 3) in the (x88 of tha ujnsolidated flnan(aal statements. exch8rwJ8 dlffwences on monetary items re1vable from or payable to a foreign operation for which settlement Is nelther pianned likely to occur (tsrefore fonning part of the net investment in the foreign operation), which are r8cognised In other comprehensive income reported under equity. Fund structurn Unr8strict8d Income funds are general fiJnd8 that we av8ilabbe use at the trustees dlscretion in furtherance of Ihe objeclNes of the dwity. R8stricled Incom• funds are those donaled for use in a pwb'¢xlar area Lr for spe(affic putposes. the uso of whlch Is restrlcted to that area pOse. Judgmont and kny sources of Mtlmatlon uTrurtalThlty Estimales and Judgements are conlinually 8vaiuated and we based on historical exp8rience and other factorn, induding 8xpactstions of ffijture events that are believ8d to be reasonable under the drcumstan¢e8. The company makes eslmates and assumptlons concemlng O)e fiJiure. resulting accountlng ostlmates will, be dèfinition. seldorn wual the related actual results. The eslimatss and assumpt18 that have a 8rgnifiLxnt rlsk of causing a materfal adjustment to the ¢xrrylng amounts of assets and liabilit8 wlthln the next finda1 year are addr888&J bel. . Allocatlon of Shared ¢>)st betwi mumlple &tivitles: Supput o)sts relate to th088 fvndons that assist the work of the thartty but do not directy relate lo charitable aciiwties. Supprrt costs Indude finance cost and governanc8 costs which SUPFOrt the tharitrfs prngrnmmes and athities. Ttwe costs hav8 bean allocatsd between cost of raising funds and experltUre on tharftable actmlles. The 8StFmat8s and underfylng as5urnpfjor are reviewed on an ongoing basls. Revlslons to accounting estlmales are recognised in thè period in which the eslimate Is revlsed rf the rewsion affects onty that iod. or In the period of the revision fijbjrn perfods rf ts revision affects bofh current and future period8. Flnanclal Instrum•nl8 The charity only has financial assets and fnanc4al liabl1e$ of a klnd that quaiify as basic financlal instruments. Basic financi81 Instruments are Inltlalty renISed at transaction value and subsequenly measured at thelr settlem•tt value ith the exception of bank k)ans which are subsequenty measured al amorlis&l ¢ost using the ets1Ve interest method. Page 11
Wllllam$ College Foundation (UK) LInted Notes to the Financial Statrments for the Year Ended 30 June 2024 2. Income from donat14)ns and legacl•8 Restricted Totsl 2024 To 2023 Donat10 & Lega¢le•: Dollotion frorn Itstivithjal Gifi Aidreclned 11.639 2902 14 395,716 407J55 2.902 410 407208 395 716 410.813 The dmabons and 18gades in 20Z3, totaling £410013 consisted of £14.OSO atiributed to unreslrfctod funds and £396.763 to restricted fijnds. 3. ExpondMur• on charttable actlvlll Uyeitrlcted Tht 2024 Totxl 2023 Note GT8nt fillkain8 of activAti¢8 AllOted sUMrt ¢08ts 15230 148 395.767 45 410997 193 410.103 189 15.378 395 812 410 411,190 92 The total above indud8s £15.378 (2023: £14,244) attributatle to unra8trictad furmts and £395.812 (2023: £396.048) to r88trlrted fjJrKI. 4. Analy818 of support costs Support ¢0sts allo¢atod to charftth actlvlll•8 To 2024 Totsl 2023 of allocation loo% Grant fiMth of tivItieS 193 193 189 193 193 189 Pthge 12
Williams College FouAdatlon (UK) Llmite41 P4ote8 to tkn FInall¢ Ststements for the Year Ended 30 June 2024 5. Trust0. rvmunoratlon and •xp•ns No trustees, nor any per50n8 connected wllh th8m, ha reCd remun8rallon from the charity during the >wr. No tru818tt have roc8ived any re1nlr$ed expens88 or any oth8r berfits from Ihe charlty during tho year. Donati¢)ns made by the trustees wItht cormlknrffj attaCd tolalled £1.300 for the year (2023: £1,300). 6. Ind•p•nd•nt Examlnerfs F• Independent Examlnerfs fees are pald for by Wiifiams College (parent mmpany) on behalf of charty. Fees payable in respect of th8 year to 30 June 2024 are £2.090 nel of VAT (2023: £1.890 net of VAT). The chariiy is 8 registorad dprty ar is thgrets? exempl from taxats'on. Pa8e 13
Williams College Foundation (UK) Limited Nfjte8 to the Financlal Ststements for the Year Ended 30 June 2024 8. 0•btors 2•24 2023 Otlw debtors 740 740 9. Cash and Cash Equlval•nt 2024 2023 C&¥h on Hand 4236 4.629 4,630 10. Credltorn 2024 2023 Od*r crethtor8 200 200 11. Sh4v• Capllal Allott•d, lIOd up and fully pald 8harns 2024 2023 Orithw Sbares of £1 Pllge 14
Williams College Foundation (UK) Limited
Notes to the Financial Statements for the Year Ended 30 June 2024
12.Funds
| Unrestricted Funds General Share Capital Restricted Funds Alumni Funds Arts Museum Projects Unrestricted Funds General Share Capital Restricted Funds Alumni Funds Arts Museum Projects |
Balance as on 01.07.2023 £ (391) 1 5,560 - |
Incoming resources £ 14,541 - - 395,716 410,257 Incoming resources £ 14,051 - 3,975 392,788 410,814 |
Resources Expended Balance as on 30.06.2024 £ £ (15,378) (1,228) - 1 (96) 5,464 (395,716) - (411,190) 4,237 Resources Expended Balance as on 30.06.2023 £ £ (14,244) (391) - 1 (3,260) 5,560 (392,788) - (410,292) 5,170 |
|---|---|---|---|
| 5,170 | |||
| Balance as on 01.07.2022 £ (198) 1 4,845 - |
|||
| 4,648 |
The specific purposes for which the funds are to be applied are as follows:
Alumni Fund: Alumni Fund gifts received are being used by Williams college to assist with funding the College during the challenging combination of the endowment reduction and increase in inflation.
Arts Museum Project: Project of developing a new building for the Williams College Museum of Art (WCMA) in Williamstown, MA. The Project would provide the first stand-alone facility for WCMA, whose collection has been housed since 1851 in Lawrence Hall, the college’s first library building.
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Wlllianu College Foundation (UK) Llmited Notes to the Finaneial Ststements for the Year Ended 30 June 2024 13. Analys1• of net assots botsv••n funds 30 June 2024 4237 Current Liabilities 4237 Total net assets Anatysls of lund balanc•8 belwem n•t Ms•ts for th• prev10 y•w: Unrestrleted Totsl •t 30 June 2023 5370 (200) Cwrenl IAabilitie# 5370 {200) Totsl trt 4ssets Wllllams Coll8go (Parenl) During the flnandal period Will1a College In¢urrBd costs of £8.521 (2023: £8.281) on behaK of Willlams Colkge Foundatk)n (UK) Limtled for Il Is not requesting reirnburs8ment. Al the balanc8 sheet date. the amount due to Wmliams College (Parent) was £Nil (2023: £200). Eugon• Klm (Tru•l••} Durfng the year. Eugene lam made a dalKIn of £1,&)0 (2023." £1,300) to tho charity. 1& Parent and ulUmat• par•nt und•rtaking Williams College FoundatK)n (UK) Limitad a sthidi8ry of Williams College. Williarns College Is US not for profit organizatlon whose address is 880 Maln St, Willlamstown. MA 01267 USA Williams College Foundauon (UK) Limtted is ntrOlled by Its own Trustees who are all dr1CVS of Ihe company. Page 16