Cofflp•ny R•gl•tr•tlon I￿. lo42￿1 {Engl•nd ¥nd W•l••l
UNIVERSITY OF ILLINOIS FOUNDATION UK
LIMITED
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2022

UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trust￿*
C C De¥ocelle
DGtWer
E F Ewald
C S Mathth4S
J H Mc¥)r8
PAkrrtas
D Mwnhart
G Glag
Ch•rfty numb•r
1170799
Cornp•ny numb•r
lo42￿1
Roybt•md offk•
Third Fknr
20 Ok1 Bai*y
Lgndon
EC4M 7AN
Audltor
RSM UKA￿art LLP
Chart¢￿1 A¢ountonts
25 FarringJon Str*t
Lwdon
Unrted KIryd￿n
EC4A4AB
Bank•rn
CAF Bank kn'mit
PO BOX 289
25 KirrfJs Hill Av•
Kirys Hill
Ès¢ MallirYJ
Kent
ME194TA

UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 JUNE 2022
financial Statem￿ aThJ coiwy vrith thè Foundatth's gov•min9 dorxm•nl. tho Cornpan￿ Act 20C6 and
"AccLJunbw and R8POrting by Chantjes" Stat•ment ol R8cc¥nm•TrawJ Prathce to Charit￿ prepanng
ththr accounts In 8¢tordanc• with tm Financial Stafyjard aprdtat4tr ￿ th• UK R•p￿￿ ol kel￿d
IFRS 1021" las lof c£¥nm•￿￿j frcffi 1 January 20191.
Th? UnNWSty of IllirA)o UK LTh￿j ty • rww•knpd dwrity InLvnbw 11707991 wh¢)¥• wn¢ipo1
r&ecb¥es are os folk>￿.
th Ihe Vn*verW ol Illiro5,
The tnjstees hav8 p8KJ regard to l)voft gu•Jw 18S￿d by ts Ch•nty Cornmiswi in d8ddir4 vthal
athvitw thè Founsjabon shoukj undertake.
AchSw•m•nts and wrforni*ne•
The Foundation Is In its •afly stagts ol •twt•d b) r•c•%• ¢*ywtKrn Pa￿ • wnt
Fln•nclal r•vb•w
In Its aJ￿ent year. ts FouThJalion of £7.037 (2tr21" £2,eo)1 In tho ¢unBnt •nd rmr ye•r lh•
p•renl uThJert*in9 has agroad to c￿r th• FOUndat￿'S costs In so ¥ gift In kind of £32,$88 12021..
£20.8861 has provKl¢d T￿ FourKlatJon wrrnd w0f•S8￿81 fws 01 É32.588 12021. £20,886>. donaticffj•
10 th¢ US po￿nI ol ￿.99)I2021. £4.4coI *¥J bank dwrge• of £152 12021 £1641 r•sulb"r¥J In • dgfiot for th•
>*wof£1.131 12021. dekit £1.9641
TM Foundatson wll Ixrry fcnvard •t and of £12.07912021. £12,7101 w)J T•￿Ithd
lurth ol £nl12021.. £5WI.
The parenl undertakir¥J. Universty of lifK￿ F￿r￿jat￿. has frymoly iTrlK•i¢d ts Int￿tic￿l to ¢Onts'n￿ io
0￿J6 finar￿1 to Fourkn to rts ￿p3a￿l￿$ as th•y fall Oue for the 1£￿88￿11e fvture, and
8 pènfyj ol at kn•$t 12 montrL* frtyn tlx dot• ￿ •pprov81 ol lh￿ gt•t•m•nl• <l•lallB
c4nc•m can ltyJnd wthin ￿ntryj on 10.
The Found*ion h•• ¥ Fdy that rt> unrpstrKi•d fuThJ• rKX b8•n sJ•wJnai•A1 fty a u8• sh￿k1
t* rnaintained at a le¥* eW￿aknt to thfw aThJ six mmths, exrendrture Thtr trustees consider that
ès * this level ￿11 ensure that. In ts e￿1 of 8 $KJnifi¢ant drop in lunding. Ih•y VAII b&abK8 to continue the
charty's Cufrent 8Ctivths. gh*n to ways In whK* wjo￿OnI1 fuThJs may be At th• y
end. ts Fwndabon h•J Iroo resffts 01 £12.07912Wd1 £12.7101. •ThJ r•s8Th*5 of £nil12021 £5￿1.
Fundrnhln9
Thg Truste¢$ ¢(xffinn that fv FouwKJokn'S ILknJraw k8 c£•Tr￿Lant wth th• rwnis•J staTrJafds of
fi￿rat￿Thj as set Imjt in Ccth ol Fundratyry Pradre. as *pll as throe requir*d uthler Chority Low. Th•
Foundation doas not 8mph)y s•rvictt of afty thirdyrty woknnal fiJThJrawr*J ¢wJanoatw
Th• irust8•s have 8ssess•d the major risks to whth the F￿￿18￿.(￿ * •xpos•d. aThY are satsfvd tst 8y•twn8
are In pL4e• to mtyate ex(￿Ure to tN• fflaj￿ rtsts.
In futu￿ years, th8 trust8es ￿11 to luffil FL￿￿JaI￿.9 (ty(th•s ol th• of ￿ arKI

UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 JUNE 2022
Structurn, govgrn•nce #nd m•n•g¢m•nt
The Foundation is a crynpany limited by shatss. as ¢Jèfined by fv Companies Act 2Tr￿. Incwratad on 14
October 2016 arKI wistered as a charty on 16 DwmL*r 2016 The Chantable Company is controlled by its
govèrniNJ documenL tts memorandum aThJ kndes ofAssociab"on. dated 14 Ortotw 2016 The SO￿ subscriber is
The Unwersty of Illinoig Foundatson. 8 rK)nprofit corporat￿￿ incorymted in Unrted Ststes olAmerica.
There is to t¢ a rninimym ofthw trust¢8s and no m￿Mum.
Th8 trustees, vkno are 8kn0 the dirtorB tsthg purp05• ofecffipany law. WI￿ during th• y•ar w•r•.
C C DevocA
DGLWer
E F Ewald
C S Mathews
J H Moore
P Akritas
D M•inhart
G GLas
The shareholdtrrs may aFpoint a ￿r$On who 6 wlliro to act as a for term as ihay shall ￿ fit,
¥ith•r to fill a vacancy or as an ad￿￿Onal Trustee
A r8t*ring Trustee rnay be reappoint•#. There $ho11 ￿ no Wmrt lo numt•r of b.rnos a Trust•¥ m8y be
r?￿poInt•d.
Thè Trusisès 8r• consid•r8d to b8 ￿ FouThJabGffj'S key m￿89ernen1 peTronrel. No rnernbws of the key
managernent Fersonn¢l r*￿￿& rgmuroraty"on.
The Trustses have control ol FWndats￿ JTrJ rtts proporty oThJ funds. Tmy may rwulot¥ th•ir prrx4eJirKJ$ 8$
th¢y think fit
Tho sharo capital in issue has no Thjht ￿ r￿￿1￿ o diwd•nd or any ¢)thw distn"butson.
TrU•t0￿ Ind•mnltl••
The Foundatign has made qualifying ihird paty Indemnty provtsicms lor the tenefit ol ts Trustees whth were
rnade dunry ytrar and remain in force ai the date of th¢s re
Audiior
The auditor, RSM UKAudr¢ LLP. is deerr*d tts be r*•Fp)inbJ uThaer SOC￿ 487121 ofthe Companies Act 20C6.
•cloJur• of Infomotlon to audltor
E8¢h ol the trust•8s hag cOnfim￿j Ihat there is rKtr Infornauon of which tsy a￿ aware whth is ￿leVant to t
audit. byt of which the auditor Is unawa￿. They hast frjrther c(nfirmed that fvy h8¥e tsken approprwte steps to
identify 5uth re￿vant infomiabon and to astablish Ihat the atyjrtor is of su(* infomiath)n.
raport has baen pr8paf&J in accrKdance knyth ts pro￿510n¥ aFpl￿tt kn oynpanie¥ gntitbd to ts ￿?11
compan￿$ exernptK)n.
The Trustees, Report was approvgj by the Board ofTruste•s.
Moore
Trustee

UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
STATEMEKf OF TRUSTEES. RESPONSIBIUTIES
FOR THE YEAR ENDED 30 JUNE 2022
TI* tru51ees. ￿ are atso direct￿ of Unwsty of Illinw FwThJatth UK Limrted fr*r th& wrwsè of compary
Im. are re$[th￿b* for prepanng the Trust8as' Report aThJ the fina￿al statwnonts In accLJrdance v•th appticable
Company ond ¢hanty r8qures th8 trustees to prepare finanrial siatements for &Jch finanrJal year whth 91
true and fair vw of the state ol affJ(s ol F￿￿ja￿On and of r•wJrc4• and aFWK*Kin ol
In prepanrG these finanual stalemenls, th• trustees ar• requifed to
- obsem th• metfKx18 pnneW•s In tr* Chantw SORP,
m8k• i￿O•m*nts and $5timot•s that affj rogwiaL4• prtyJ•nl',
' prepare the financ￿1 staternents bards LW)bss rt • prwrn th•1 tr
y tsmtr fi￿n￿4 of It* F￿r￿J4)m ¥•J to ¢h8t finana•l stat8m•nis compty
¥hth ts Cornpan*J Act 2CK6 Tlw wo alw resFon8&)* for Mfeguardirg ￿ assets ol th¢ FOut*•t1￿ ond htsn
for takiro reasonable steps for th8 and d•t•cton ol fraL#J aNI otsr Irrry￿arth8

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF UNIVERSITY OF
ILLINOIS FOUNDATION UK LIMrrED
Oplnlon
È have aulited the finar￿al s18teM￿ of unt￿Sty of Illino FOu￿18bc￿ UK L¥Trtsd for yèar •r#J•d
Juna 2022 whi¢tt ¢￿pris* th? Statemenl of Financial Ath"￿￿5. thè Surnm￿ oThJ ExFendrture A￿QUIrt.
the Balance Sheet. and notes to the finarKtal statements. indudin9 swnifKant XC4Juntsry Folws Th8 financial
reporting tramv•￿r￿ that has been ap￿4￿￿ in t￿1r [Wraty￿ is *icable Unrted Ifjwm AccounbTrJ
Standards, induding FRS 102 'Th8 Financial ReportÈThJ SiandaNI aFOKat>l• In tm UK R•wttt ¢Y
Irdand. (Unitsd Kin>Jom G•n•roltyAce•pt8d AcLXJUntiThJ Plac1￿)
In our cvin￿fi Ihry fin•nc4al stst•ments.'
gi¥e a true and tsir VV4¥ 01 the of ts chartal)kn ¢3Jnpanl$ aff81rn ￿ at 30 JUM 2022 #nd tsf it8
inc4yning r•w)Ur(￿ wvj of resources. induthrg rt8 Ir￿￿￿ and •xpgThJrture. for the y?8r t￿n
•n(led.'
•rKI
8••l• opl
coTrJuctsd w 8￿jrt In accu￿￿n￿ wth Irrtemabwl StaThJard5 ￿ Aud￿ry IUKI IISAts IUKII
. Our tho* sl¥Ndarfs are hjtlw desrJtsJ In ts Await(￿$ respon•*ilth& For Ihe audit ol
r•qur•m•nl• that ¥r• r•kn¥￿1 to cur atyJrt ol ts finorwl stst•n•nty ￿ thi UK. In¢luling th? FRC'S
Ethul Standard. •rKI h•¥• otlw eth￿1 reS￿￿￿￿1th$ In wih the￿ rwuirwnents. bl1>
C(xKlu•bon• rnlitlng to goong eiMe•rn
In the finan081 $tstwn￿ts, hm that tr* tr￿1￿. al tr* 90*
0ndil￿n3 that. Ind*ylJualty or co1￿4•1y. May cast gynitsarrt dwbl thonl¥t4• cgynpony • atslty lo con¢mu•
qoiw conc4rn lor • FWK#J ol at *t montrts frcan wmn lh8 finanual stat￿)￿nts are autfKxrn•J
luu•.
Our r•sponsIbilit￿8 and th• r•Spon8kn.lti￿ d thfr trust•es r••p•(* to pr•J ¢¢#K•m •r• ¢JwtsJ in Ihv
r•knvort1 a•¢tions ol thkl rIp￿.
<Xh•r Inlommtlon
The oth8r Informabon c¢xnfvi th• Infmith 1ftd￿ in Annual R•F4)rt otr*r tmn th• fin•noAI st•t8mwts
our oudrtor'$ r¢r¥)rt t￿r•￿ Th• truste•s ar• respor6ibÈ for the other inf0rnat￿n coni8intsd wrthin the Annu81
Report. Our oF4np?n on ￿ finoThi•l staterr*nts not COV8f lh8 olh8r Inlomation and. •XCA•Pt to lh• 0xt•ni
01￿￿9• •xplKty stated in ojr TeFQrt, do rKX ¢xpms 8ny t￿ ol 0$8urnnc• ¢xr*rau8lon t￿r•Oft.
()Jr r•¥xirn*Ilty ty to r••J rAher Infryrnab￿ aThJ. in so. consthr whathw th• othaf inlormatron 1$
maleriany Incmoknli wth finanoal stai•m•nis or wr rJ)tsined In Ihe course of the audit or
aFyears to t* rDatenalty rnBststgJ If we *Jentify SLth malarial inconsrat•nu88 or appar•nt matèrial
mis51Bt•rt*nts. *• af• f•quir•J to d￿lm}I￿ this nse to a m•twwl mtsststern•nt in ihe financial
$tstemwlS If. bA8•a on th• habe Ferform&J, wa that th8re is a rnaterial
how4 nothirq to r•wt in r•gard.
Oplnlon on oth•r ffl•tt•rn w•Krlb•d by IIKI CompAnio• A¢t 2006
In cynw. b•ge(I uThJertaken In Ihe ¢￿[st oftr* a￿1
IM Inltymotk)) 9Th•n In the TrLk4ees' Repyt yew tr• fiTh•rK¥4 Ii•knY*nts we
prepared Is cortrJistent wrth the finanaal Slatern￿."

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF UNIVERSITY OF
ILUNOIS FOUNDATION UK UPArrED (CONTINUED
tt•rB on *thleh w• arn Thqulr•d to rnport by •x¢•pllon
In the IKJM ol the knowknJ90 arKI understsrKlirrtJ of the charrtat4e wnpany rts •nwronm•nl ¢4)tsin•J in tl*
V4ts have nothiro to rwt In rwp•d ol lh• lolknw"r#J Matters ¥*h8r• IM Ccfflpan*s Act 21x6 r•4uifes ￿ to ropryt
to you If. In epinh)n".
frcrn tyranchs ngt vigthl by us.
th• finanaal 6tat8mants ar8 not in aor••m*rt XcrA￿￿.￿J rebjrn (W
t*rtain thsdo¥Jr•s oftrLkst￿, r￿u￿wIt￿l sF•tsf*J by W are m*, or
ha￿ not r•c•wd all ￿ inl)nnalw)n aThJ explanabong we rnqutsre for our ¥udit
A• explaiwj more fulty In th• statarr￿nt ol TnMtoM' r•¥Jon•its'liti8s let ¢>Jt ￿ p•Jo 3. thè tnMt•o6 Iwl)o •re
tha directors ol ¢hatstobkn ¢rynpany for lh• FwfF#)8•s af ¢£x71pany Wl ar• r•8pJi8tsk• of I
finane4al $tst¢menlS •nd lry tw¥J th¥t Ilw a tyuts ￿ l*if ¥i**. for SLth intwnal control as th•
tru5tee5 Oe¢ermine fj r￿ssary to enable wryaratw ol finarKial st4toments Ihol Ir•e Irom mai•rto1
mi8stat8mont, wWh8r du• lo fra￿1 or •rror.
In prepariro tr* fi￿rty1 stsityiitrnts. ts trLtyl•gs ar• resFon$ibkn fry Iha charitabt8 rLJmpany'8 abillty to
contrnue as • goiw concem. disdoJir4J. as &WI￿b￿. rn¥tterg rel¥t¢d to gtyNJ ¢one4m •ThJ usin9 th•
OF•rntLms. or hab* no r•alrfbc all•malw but to do 80
Audltorf• r••pon•lbllltl•• forth• •udlt olth• Iln•ncl•l •tsl•m•nts
rnatenal misstat8m•nt, vkn•th8r du• to fraud Of •rror. aTrJ Io ISS￿ an aU￿rt￿,8 rewt that ind￿Je9 our
R••sonobkn a88uron¢e ig a hyh lewl ol ￿￿T¥￿•. bul a gu•r•nt•è an autht coThlLKteA1 In accordar
¥nth ISAS IUKI ￿11 ¢JgtKt a m¥teno1 mBsl•knTWt rt ?Xtsts. can ona• frDm fraud or
errw and are con8KJered matenal rf. indNp3ualty or in thè tygregjte. could reoswbly ￿ &XF¢Ctsd 10
Th• •xt•nt to w￿￿fv th• audbt ¥A• eoMld•rnd ￿P•bI• of d•l•cilng Irr•gU￿rIt1￿, Includlng fr•ud
Irregularitss Instanc8s ol nOn<0m￿￿(¢• wrth IM arKI rnauL4borrt. Th• (tyc￿￿ of our 8[￿yrt ar• to obl•in
ffi¢Ent aFwvr￿tO au¢Jrt crynplwnce wth •ThJ rwilth)S Ihai ham• a direct •ff8ct on th•
d*tenn1nth￿ of amcwnts d15d¢Mures In thtr fin8wal St•t￿ents. to wfomi gudil prc¢•dyr•8 to Mlp
id•ntify insl8nc8s ol non<ompli￿cé vmh ithws •rnJ W￿￿"0n9 Ih•¢ may ha¥e a rn0ttn￿ ?Il•LI on thè finanu•l
thnbf*d th• *wJrt
In r*￿ti￿ to frawj. ol our wart aro 10 thnbty •TrJ thtr ffjk of maton.al misstat•m•nt of th•
fin•ncial sI•tWT￿nts due to fra￿J. to obtsin guffK)ent oppropn*e audil ewdenc• warding thtr •85tr$9od risk8 01
material m*$tslem•nt duo to IraLh3 thrwh tY8sK4niNJ aThJ Impl￿ntry a￿1 to resporKI
ppropnately io fra￿j or siwctthj Ir•A X1enbf￿j dunrvj ts auht.
Ho￿Ver. It M IK? prmary responsit41ty of m•nyrigrt tmth of thc*• ¢h8rg8d tyibwnarth. to
ongu￿ that ts entys w• C￿jl￿1 In acrnrdarKe wnth ts wDY￿N5 of l•*s and wul*ions and lor

**INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED (CONTINUED)** 

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team: 

- obtained an understanding of the nature of the sector, including the legal and regulatory framework that the charitable company operates in and how the charitable company is complying with the legal and regulatory framework; 

- inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud; 

- discussed matters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud 

As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102, Charities SORP (FRS 102), Companies Act 2006, Charities Act 2011 and the charitable company's governing document. We performed audit procedures to detect non-compliances which may have a material impact on the financial statements which included reviewing the financial statements including the Trustees' Report and remaining alert to new or unusual transactions which may not be in accordance with the governing documents. 

The most significant laws and regulations that have an indirect impact on the financial statements are those in relation to data protection. We performed audit procedures to inquire of management and those charged with governance whether the charitable company is in compliance with these law and regulations. 

The audit engagement team identified the risk of management override of controls as the area where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to testing manual journal entries and other adjustments, evaluating the business rationale in relation to significant, unusual transactions and transactions entered into outside the normal course of business and challenging judgments and estimates. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. 

## **Use of our report** 

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members as a body, for our audit work, for this report, or for the opinions we have formed. 


Nicholas Sladden (Senior Statutory Auditor) 

For and on behalf of RSM UK Audit LLP, Statutory Auditor Chartered Accountants 25 Farringdon Street London EC4A 4AB United Kingdom 

2 December 2022 

- 6 - 



## **UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED** 

## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** 

## **FOR THE YEAR ENDED 30 JUNE 2022** 

|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|---|
|||**funds**|**funds**|**2022**|**2021**|
||**Notes**|**£**|**£**|**£**|**£**|
|**Income from:**||||||
|Donations and legacies|**2**|39,625||39,625|23,486|
|**Expenditure on:**||||||
|Charitable activities|**3**|40,256|500|40,756|25,450|
|**Net expenditure for the year and**||||||
|**Net movement in funds**||(631)|(500)|(1,131)|(1,964)|
|Ttal funds brought forward||12,710|500|13,210|15,174|
|**Total funds carried forard**||12,079||12,079|13,210|



- 7 - 



Comp#ny Regi8tr¥tion No. 10429661
UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
BALANCE SHEET
AS AT 30 JUNE 2022
2022
20
Not•8
Curr•nt aM•ts
Debtor
Cash at bank 8ntJ ift hand
15.240
12.079
14,833
13.210
27.319
28.043
Cr•dltorn: amounts falllng du• *llhkn
on• y￿r
115.240)
114.8331
Not current as88ts
12.079
13,210
Incom• lund•
Restricted funds
11
500
General fvnds
Sharè caprtal
12,078
12,709
10
12.079
92,7fO
12.079
13,210
Th•s8 frn8ncHI staternents have been prepared in ¥cc4ydonc• applicabb to compani88 subJ8¢¢
to tho small companK8s' r89im8.
28 November 2022.
Th& finanaal ststsm•nts were aFproN*d by the Trustee¥ on.........................
Moore
Tru•t••

UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 30 JUNE 2022
Ae¢ounllty polici
Charfty Inlornmtlon
UnNerW ol I￿r￿*S Fwylatsx UK Lrfnthj A a cuwny linrt•d by shares i￿orpora￿ in Eng￿nd
aThJ Tho regi8t•r¢d offi¢* is Third Fbor. 20 Okd 8•iley. Lorth. EC4M 7AN
The finanryal Statements have been kYepar&J In acccwdance wrth ts FOu￿Jab0n'¥ gO￿nry d￿rnent. ti
awicth to L*anb•s Pr￿n￿j tr*r ￿turnS In aCC•)rdaneé ￿ th• Finanoal R8pthng Standard
8ppliubkn in fv UK Rep￿)1￿ of Ireland IFRS 1021" la5 amended fN a￿oUntrng penrth cAMnmenang
frorn l January 20191 The FouThIabC￿ * a Enbty u defirK•J ty FRS 102.
Thg has taken *J￿nt•28 ol the the SORP (*wibo• *yiNd FRS 102 UpJ•t•
Bulkntyn 1 not to prepar• a St8t•ment ol Ca9h Fkxb.
Th• fin8n¢pl Ststerr￿ts ¥re prep3r•J In jtsrfiry. the hJnc*"wal ¢uftonGy ol the Fouftda￿n. Mon•t•ry
arnounts in theqe financA&l ststements •r• r[mJn￿ to ttN• neare•t £
financial siatwts haw W pr•p•r•d urthr th• hffjttyic•l cu¢ 0)￿nI10n. Tr• wrripal •e¢ounlthg
pc4i¢i•s •J¢pt•d are lei ¢)u¢ bel
The parent undert&*iw. of Illuwi F(yJrthI￿i. has forn)aly rts ffit•nt￿ to conbThJ• to
ovwje finèr￿￿1 SUFWt FtyJnd•bts) 10 rn￿1 rts oblybom as tw fall d￿1 for th8 fores￿bI* lulur•,
aThJ for a ol at 19o$112 tr* d•t• of¥pproval ofthw fina￿181 8tst•monts.
Charttsbkn fvnd•
Trust••8
ROS￿￿1•d
The8e a￿ fiJnd> Ihat can to ￿ed lty 18str￿led wilhin ctyKl8 of lh• d￿rIt4
Ine¢*Th•
Inc(vr* reCojnL￿ wkn FWr¥j•ty￿ L4 leg•ty to rt after any F•rfrym•n¢o t>>¥J￿"0n1 ha¥• Wn
th8 amounts e8n b• m•asuf•d and rt * Fyobabkn th•t Incc4M wll ￿ r•ca&•d.
Exp•ndltyrn
EXpe￿Y1turn 18 r•coJnNd On￿ ther• N •1ogal or ?￿81n)￿lIe c￿ati￿ to make • • third pwty. rt
pffj&at4e th•t *tUomont*ryM b• wiMr•d tr* of th• t*4￿al￿ can b• measur•J
G0vem￿￿ c¢sts ore thrm iwrred in fp)nwtityi wth th• administration of IM FtyJTh1abon aThJ
Cash •nd •qulv•l•nts
Cash indLth$ cash hwKI. arn no cash thwval8nts.

UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (COKllNUED)
FOR THE YEAR ENDED 30 JUNE 2022
Ac¢oub)tlng polkl•• IContlnu•dl
Flnancl•l In*trum•nl*
Th• has 618ctsd to prrm￿￿ of Seckn 11 'B•w¢ FI￿n￿OI InstrLmwts' of FRS 102 to
•ll ol its fffian¢ial Instruft￿ty.
there is ¥ *gally enlwc4able ryht to S•t off ts re(￿n￿WA WKI Ilw• • wb to • n•t
basis cfj to realise ￿ as8et wlY• the I￿.1￿ sinu1tw￿Iy
Ta￿110￿
The FouTrJation 8 registered 1*8rty 8nd as such ts Inr)yne aThl 9ain8 l*ling wthin SeclKJn 371 to 489 01
th• Corwation Tax Act 2010 of Sec1￿ 256 01 ihe Taxabon ol ChaTrJe8bk• Gains Act 1￿2 and are exempt
frtyn ¢>YF¢rath)n tsx to IM •xt•nt Ih•t tth w• to rts c*an1d￿8 rtJjoclN•8.
20
fvnd•
Donats"this and gffts
Donations in kiTr
7.037
7.037
39,625
23,4&3
For y••r •nd•d 3Q Jun• 2021
23.488
Tol*l
2022
Totsl
2021
fvnO•
nd•
Grant fundiThJ ofactyvits88 Iw 41
Sh•rtr of 90￿ManC• costs Isw not• S)
2.4
32.740
32.740
21.0
35.2x1
35.730
25.450
Forth• y•ar•nd•d JO 2021
24,
25,450
10-

UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (co￿riNUED}
FOR THE YEAR ENDED 30 JUNE 2022
Grnnts prrf•bl•
2021
Granls to in•tstui
unl￿1S￿Y ol Illinoi8 Fourklobon
8,016
The grant made to th8 UnNprW ol Ill¥￿1> w85 to sdK4•rshiF*
wFwrt. 01 IM £2.W12021 È4.4CQI grants m&J•. £gX$12021. £7951 TAW8 aitr*Artth to r••trthd hjnds
and £2,4￿(21rd1 £3,fA61 to unrestrKled fvnd¥
2022
2021
9,780
Acttjuntaney
2.7
19.868
152
8onk ¢hao
32.740
21,0gJ
Tru•t•
Non8 01 ts trusiees lor any personj c4JnnoLbJ *ith t￿mI ￿Y r•mUmr*>￿ or 00￿fil$ tho
Fwndolkn ¢Juring )w12021." ty}
No trust•• trxp•n•eg irKufftyJ tJurirKJ ￿rI2021". £nlll.
2022
Arn￿nts talllw on• yw.
15.240
14,833
Crndltorn: *n¢wnt• hllhig *llhln on• y••r
2022
2021
15.240
14,833

UNNERSITY OF ILLINOIS FOUNDATION UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS ICONnNUED}
FOR THE YEAR ENDED 30 JUNE 2022
10 Sh•r• c•pltsl
2022
2021
Ordlnary •h•rn Ca￿1￿1
1 ordin￿ shar• of £1
11 R••trkt•d fund•
inciMM fuTh1s of chanty Indud8 r•strictsd l￿d$ th• Idlowirg unaxFthJthJ balan￿ of
ats(￿ 8ThJ grants h￿d on Inot kv pu￿090$".
¢urr•nt y••r
B•l•nM •t 1
ty20
Inctyn• Expnw &lane• at JO
2022
Sttrthrt s￿￿•Thh￿ Supwt
15001
15CQI
Prlor ymr
8aknne• It 1
2020
Incfft Exp•n¥•• e•l•n￿ •t 30
Jun• 2021
500
G•rwal Progr•m S
18Q)I
Stud•nl s¢￿1#r$￿Ip Sw)F>Y( Arn th)r6•tKxA m&1• b) PlO¥Kl• w4)rt to •ttthnts th•
Vniv•r¥ty ol Illinc4•.
G•n8rn1 Proprlhn SW m•d8 to •1¥wt lor ts prr•3rams kyovth by th• UniveNty
of Illirm FOUr￿4￿0n
12-

UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2022
The parwit ultrnth pw•)t ur￿￿t•￿r0 ra Urn¥•r%ty of IliThJ5 F(ANK1•ti￿, a th•ritatkn enbty incorporot•d
in the Unrtea swtss of America, ENI nLvnt•r 37￿(￿7 (IRS cla￿"ficat¥Jn - Chantabl• lknThsatKJnl Its
t4oc* ol r4 I3{￿ ￿ C￿n StreeL Uthrw. IL SI￿1.2￿ Its wntspal acbMty Is tho •dministerir@
•nd encwragir4J ot wvate gifts made to futhr Ihe mission of the Unww*ty of Iltsn0￿ Thwè ar• Curr￿ r
C￿S￿￿)81&1 fi1)anc￿l StatOff￿tr pr￿r&I InL*A8 unfftr￿ of 1111￿)l8 F0uThj•b￿ UK tsmrted
Unlv•rnty ol IlliThJis FouThJ•lJon c¢￿trO￿ IM FoJr#Jattffi Ilwh ts 1¢x￿ oy1￿* •h•rolK*b*'rvJ.
Dunng the y•8r th• F￿ftdal￿n r•C•￿d •n unrestrthj in kiTrJ of £32.588 12tr21 unr051
Jnatyrm In kiTrd 01 £20,886) fvrrn t￿r parent to cover kwole5wnal fe￿ of £32.58812021 £20,886) During
th8 yèar th& FwThJ8ticffj pawj A cash grant 01 £2.￿ 12021. £4.4(1)l Th• Ftyjndabon a donabon ol
£5.0261$7.OC¢)I durry ￿ yw wl*h pa#J 10 tr•r pai•nt As at f•portrty dat• £15,240
I￿21. £14.8331 t*a• ¢y*•d IKffn p•rert
thm.rg y•w v•12021 trn•l tru81•• m•J• thiatKin8 to th• FouThJ•bon of£S.62812021.' £8501.
13-