Charity Registration No. 1170799
Company Registration No. 10429661 (England and Wales)
UNIVERSITY OF ILLINOIS FOUNDATION UK
LIMITED
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024
*AOF9Mk45H*
0511112024
. COMPANIES HOUSE
A18
#185

UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Tru5te•s
PAknlas
M Bauman
C C Devocelle
DG￿Yer
G Glas
C S Malhews
D C Meinhart
J H Moore
K Viverilo
Charity number
1170799
Company number
10429661
Reglstered offic•
Thiid Floor
20 Old Bailey
London
EC4M 7AN
Auditor
RSM UK Audit LLP
Chartered Accountanls
25 Farringdon Slreel
London
United Kingdom
EC4A 4AB
Bankers
CAF Bank Limited
PO BOX 289
25 Kings Hill Ave
Kings Hill
West Malling
Kent
Northem Trust Securitites, Inc.
50 S.Lasalle St.
Chicago
IL 60603

UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 JUNE 2024
The Trustees present their report and financial statements for the year ended 30 June 2024.
The financial slalements have been prepared in accordance with the accounting pollcies sel out in note 1 to the
financial statements and comply with the Foundation's governing document, the Companies Act 2006 and
'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing
their accounts in aexordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 102). las amended for accounting periods commencing from 1 Jantjary 20191.
Objectives and activities
The University ol Illinois Foundation UK Limited is a registered charity (number 1170799) whose principal
objectives are a5 follows..
the advancement of learning and education in particular (but not without limrtation) at or in connection
with the University of Illinois", and
such other exclusively charitable purposes as the Trustees may in their absolute diserelion determine.
The Trustees have paid due regard lo public benefit guidance issued by the Charity Commission in deciding
what activities the Foundation should undertake.
Achlevements and perforniance
The Foundation is in ils early stages of development but it has Started to receive donallons and paid a grant lo
the parent Foundalion.
Financial T￿l¢W
In the current year, the Foundation received donations of £12,98512023. £11,975). In the current and prior year
the parent undertaking has agreed to cover the Foundation's costs. In doing so a gift in kind of £65,608 12023..
£34,874) has been provided, The Foundation received a donation of £nil12023'. £6001 during the year which was
paid directly lo their parent. The Foundation incurred professional fees of £62.55312023.' £32,030), event costs
of £2,555 (2023.. £2,844), £50012023.. £nill to sel up a Transitional Giwng Platform, donations lo the US parent of
£9,953 12023.. £6.5751. and bank charges of £425 12023.. £334) resulting In a surplus for the year of £2,672
12023.. £5.095}.
The Foundation will carry forward unrestricted lunds at the year end of £19,84612023: £15,924) ard reslricled
funds of £nil12023.. £1.250).
The parent undertaking, University of Illinois Foundation, ha8 fomially indicated its intention lo continue to
provide financial support to the Foundation to meet its obligations as they fall due for the foreseeable fulure, and
for a period of at least 12 months from the date of approval of Ihese financial slatemenls.
Reserves pollcy
The Foundation has a policy that its unrestricted funds which have not been designated for a specific use should
be maintained at a level equivalent to between three and six months. expenditure. The Trustees consider thal
reseNes al this level will ensure that, in the evenl of a significant drop In funding, they will be able to continue the
charity's current activities. Consideration is given to ways in which additional funds may be raised. Al the year
end, the Foundation had free reserves of £19,846 {2023'. £15,924), and restricted reserves of £nil {2023'. £1,250).
Fundraising
The Tfuslee5 confirm that the Foundation's fundraising activrty is compliant with the recognised standards of
lundraising as set out in the Code of Fundraising Practice, as well as those required under Charity Law. The
Foundation does not employ the seThices of any Ihird-party professional fundraising organisalions.
Principal risk and uncertainties
The Trustees have assessed the major risks lo which the Foundation is exposed. and are satisfied that systems
are in Pla￿ lo miligale exposure to the major risks.
Plans for future developments
In future years, the Trustees will look to fulf I the Foundation's objectives of the advancement of leaming and
education.

UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 JUNE 2024
Structura. govomanc• and management
The Foundalion 1$ a company limited by share$. as defined by the Companiès Act 2006, incorporatad on 14
October 2016 Bnd registered 8S 8 charity on 16 December 2016. The Chantable Company is controlled by its
govoming do¢umenl, its mèmeiandum and Arlicles ol Associatson, dated 14 October 2016. The sole subscriter is
The Vnfv•r81ty ol Ill1r￿[S Fo￿datIOn. o ngnprofll corpor•lIC￿ InLX)rporated In United Sl•t•s olAmgrlra.
There is to be a minimum ofihree trustees and no maximum.
The trustees. who also the dITed0￿ for tho purpose of company law, and who SOr￿d during the y•ar and up
to the date ol sIgnaty￿ of th& financial statemtints w•re'.
P Akrila$
M Bavman
C C Dovoc411•
D G Dwyer
G Glas
UHau
C S Malhew
D C Melnhart
J H Moore
K Viverlto
IAppoinlèd 8 April 20241
{Appoirt8d 8 Apdl 20241
The shareholders may appolnl a person who Is willing to act as a for suth le￿ a$ they shall seg fft, either
to fill A vo￿ncY or a• •n •ddillon•l trust••.
A rètiring trustee may be mappoinled. There shall be no limit to Ihe number of times a tru$lo0 may be
reappolnted.
The Trustegs are LY)n$idg¥•d lo be Ihè Foundation's key managem8nt peBonnèl. No membern ol th• key
managemenl personnel recelve remuneration.
The Trustees have control ol tr¢e Foundal'¢n and ts property and fvnds. They May re9ulalo Ihgir p￿￿edIng5 as
they think fit
The shar• capital in issue has no right lo r•c•ivè a d￿￿end or #ny other di51ributh"on.
Tru8t•es Indemnlt5•8
Thè Foundats'on has midè quallfying third party irthmnity prowsions for the benefit of its Trustees wthi¢h wore
mad• durlng y•01 and remaln in loico al the d•ie ol this report.
Audltor
The audltor. RSM UK Audit LLP. Is dfjomed lo be r•appoinled under section 487(21 ol Ihe Companie¥ Ad 2006.
Dh¢logur• QI Inforniatlon to oudStor
Each ol the Truslees has ￿Inf1M19d that there is no Infomiabon ol which they are aw8re which is retevant to the
8udit, but of which the aLKlilor $5 unaware. They have fvjrther confimed thal they have tsken appropriate sleps to
Idgntrfy Such relttvanl Inlorm•lKJn and lo •$tablish Ih•l the audltor is aware of Such infonnation.
Thi5 report has been prepared in aceA)rdance wffth the provisions applicable to ¢ompanies entitled lo the srnati
companies, ememption.
The Trusteeg, Rep(xl was approved by the Board of Trustees.
oore
TNstee
Dale

UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 30 JUNE 2024
The Trustees. who are also the directofs of Univer8ity of Illinois Foundation UK Limited for the purpose of company
law, are responsible for preparing Ihe Trustees. Report and the financial slalemenls in accordan￿ wilh applicable
law and United Kingdom Aceounling Standards {Uniled Kingdom Generally Accepted Accounting Practsce).
Company and charity law requires the Trustees lo prepare financial statements for each financial year which give a
true and fair view of the slate of affairs of the Foundation and of the in￿MINg resources and application of
resources. including the income and expendilure, of the charitable company for that period.
In preparing these financial slalemenls. Ihe Trustees are required lo..
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charits'es SORP:
make sudgements and estimates that are reasonable and prudent..
prepare the financial slalements on the going concern basis unless it is inappropriate to presume that the
Foundation will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the Foundation and enable them lo ensure that the finanaal statements crjmply
with the Companies Act 2006. They are also responsible for safeguarding the assets of the Foundation and hence
lor laking reasonable steps for the prevention and delection of fraud and other irregularilie8.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF UNIVERSITY OF
ILLINOIS FOUNDATION UK LIMITED
Oplnlon
We have audited the finanaal statements of Universily of Illinois Foundation UK Limited for the year ended 30
June 2024 which comprise the Statement of Financial Aclivilies, the Summary Income and Expenditure Account,
the Balance Sheet. and notes lo the financial $talemenls. induding significant accounting policies. The financial
reporting tramework that has been applied in their preparation is applicable law and United Kingdom Accountsng
Standards. including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic ot
Ireland" (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the slate of the charitable company's affairs as at 30 June 2024 and of ils
incoming resources and application of re$our¢es, including its income and expenditure, lor the year then
ended.,
have been properly prepared in accordance wilh United Kingdom Generally Accepted Accounting Practice;
and
have been prepared in aecordance with the requirements of the Companies Act 2006.
Basis for oplnion
We conducted our audit in accordance wilh International Standards on Auditing (UK) IISAS IUK)) and applicable
law. Our responsibilities under those standards are lurther described in the Auditor's responsibilitie$ lor the audit of
the financial slalements section of our report. We are independenl of the charitable company in accordance with
the ethical requiremenls Ihal are relevant lo our audit of the finanual statements in the UK, Incl￿ding the FRC'S
Elhical Standard, and we have fulfilled OUT Other ethical responsibililies in accordance with these requirements. We
believe that the audil evidence we have obtained is sufficient and appropriate lo provide a basis lor our opinion.
Concluslons relatlng to golng concern
In auditing the financial slatemenls, we have eonduded that the Trustees, use of the going concem basis of
arLounting in the preparation of the financial statemenls is appropriate.
Based on the work we have performed, we have not idenbfied any material uncertainties relating to events or
conditions that, individually or collectively, may ¢a$l Significant doubl on the charilable company's ability to continue
as a going coneern lor a period of al least twelve months from when the financial statements are aulhonsed for
issue.
Our responsibilities and lh8 responsibilities of the Trustees with respèct lo going Ly)nc8m are described in the
relevant sections of this report.
other Informatlon
The other infomiation comprises the information included in the Annual Report other than the financial statements
and our audilor's report Ihereon. The Trustees are responsible for the olher information contained within the Annual
Report, Our opinion on the financial slalements does not cover the other inlormation and, except lo the extent
otherwise explicitly staled in our report. we do not express any form of assurance conclusion Ihereon.
Our responsibility is to read the other inform81ion and, in doing so. consider whether the other information 18
materially inconsistent wilh the financial slalemenl$ or our knowledge obtained In the course of the audit or
otherwise appears to be materially misslated. If we identify such matenal inconsistencies or apparent material
misslalemenls, we are required lo determine whether this gives rise to a malerial misslalement in the financial
statements themselves. If. based on the work we have performed. we conclude thal there is a material
misstatement of this other informati¢)n, we are Tequired to report that fact.
We have nothing lo report in thi5 regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, b8sed on the work undertaken in the course of the audit..
the information given in the Trustees, Report for the financial year for which the financial statements are
prepared is consistent with the financial statements,. and
Included within the Truslees. Report has been prepared in accordance with applicable legaf requirements.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF UNIVERSITY OF
ILLINOIS FOUNDATION UK LIMITED (CONTINUED)
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and ils environment obtsined in the
course of the audit, we have not identified material misstatements in the Trustees, Rep)rt.
We have nothing lo report in respect of the following matters where the Companies Act 2006 requires us to report
to you if, in our opinion.
adequate accounting fecords have not been kept, or returns adequate for our audit have not been r￿e1Ved
from branches not visited by us: 01
the financial statements are not in agreemenl with the acct)unling records and relums; or
certain disclosures of Trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit.
Responsibilltles of Trustees
As explained more fully in the Statement of Tru$lees' responsibilities sel out on pag8 3. the Trustees (who are a150
the directors ol the charitsble company for the purposes of company law) are responsible lor the preparation of the
financial statements and for being satisfied that they give a true and fair view. and for such intemal control as the
Trustees determine is necessary lo enable the preparation of financial staternents that are free from malenal
misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease
opefalions, or have no realistic alteinative but lo do $0.
Auditor's responsibllities for Ihe audit of the financial statements
Our objectives are to oblain reasonable assurance about whether the financial slalemenls as a whole are free from
material misstatement, whether due lo fraud OT error, and to issue an auditor's report Ihal includes our opinion.
Reasonable assurance is a high lèvel ol assurance. but is not a guarantee that an audit conducted in accordance
with ISAS {UK) will always delecl a material misslalemenl when it exists. Misslatemenls can arise from fraud or
error and are considered malenal if, individually or in the aggregate, they Could reasonably be exFeCted lo
influence Ihe economic decisions of users taken on the basis of these financial statements.
The extent lo whlch the audit was consldered capable ol delecllng Irregularlties, Includlng fraud
Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are lo obtain
sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the
detem)inalion ol material amounts and disclosures in the financial slalemenls, lo perform audit procedures lo help
identify instances of non-compliance with other laws and reoulalions that may have a malerial effect on the finanual
ststemenls. and to respond appropriately to identified or suspected nor￿compli8n¢e with laws and regulations
identified during th8 audit.
In relation to fraud, the obiecllves of our audit are lo identity and a8ses8 the risk ol material misstatement of the
financial slalemenls due lo fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks ol
material misstatement due to fraud through designing and implementing appropriate responses and lo respond
appropriately lo fraud 01 suspected fraud identified dunng the audit.
However, il is the pnmary responsibility of management, with the oversight of those charged with governance. lo
ensure that the entity's operations ale conducted In accordance with the provisions of laws and ￿gUlationS and for
the prevention and detection of fraud.

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 irregularits"es, including fraud. the audit
engagement team..
obtained an understanding of the nature of the sector. including the legal and regulatory framework that the
chanlable company operates in and how the charitable company is complying with the legal and regulatory
Iramework.,
Inquired of management, and those charged with governance, about their own idenlificalion and
assessment of the risks of irregularities, including any known actual, suspected or alleged instances of
fraud;
discussed mallers about non-compliance with laws and regulations and how fraud might occur including
assessment of how and where the financial statements may be sus￿p11b1e to fraud
As a result of these procedures we consider the most significant laws and ￿gUlationS that have a direct impact on
the financial statements are FRS 102, Charities SORP IFRS 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
governin9 documents.
The most significant laws and regulations thal 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 charg&J with
governance whether the charitable eompany is in compliance with these law and regulations.
The audrt engagement team identified the risk of management ovemde ol controls as the area where the financial
statements weTe most susceptible to material misstalement due lo fraud. Audit procedures performed included but
were not limited lo testing manual journal entries and other adjuslmenls, evalvaling the business rationale in
relation lo significant. unusual Iransaclions and Iransaclions entered into outside the normal course of business
and challenging judgments and estimates.
A furthèr descripiion ol our responsibililies for the audit of the linancial statements is lo¢ale(l on the Financial
Reportino Council's website at http',Ilwww.frc.org.ukJaudilorsresponsibililies. This descrlpiion lorms part of our
auditor's report.
U50 01 our report
This report is made solely to the charitable company's members, as a body, in accoidance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work ha5 been undertaken so Ihal we might stale lo the charrtable
CoMpan￿S members those matters we are required lo slate 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 olher than the charitable
company and 116 members as a body, for our audit work, for Ihis report, or for Ihe opinions we have formed.
wl< LLP
Nicholas Sladden (Senior Slalutory Audrtor)
For and on behalf of RSM UK Audit LLP, Slalulory Auditor
Chartered Accountsnts
25 Farringdon Street
London
EC4A 4A8
United Kingdom
28 October 2024

UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
Unrestricted Restricted
funds
funds
Total
2024
Total
2023
Notes
Income from:
Donations and legacies
Investments
71,009
72
7.584
78.593
72
46,849
29
Total Income
71,081
78,665
46,878
Expenditure on:
Raising funds
Charitable actsvities
500
66,6S9
500
75.493
8,834
41,783
Total resources expended
67,1S9
8.834
75,993
41,783
Net income lor the year and
net movemenl in funds
3,922
(1,250)
2,672
5,095
Total funds brought foThvard
15,924
1,250
17,174
12,079
Total funds carried forward
19,846
19.846
17,174

Company Regl•tr•llon No. 10429661
UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
BALANCE SHEET
AS AT 30 JUNE 2024
2024
2023
Not••
Curr•nt a8s•ts
DobloiB
Cash al bank in hand
21.583
19.846
22,789
17.174
41,429
39,943
Crtdltorn: amounts f*lllng du• wlthln
on•y¢•r
10
121.5831
122,7691
Nel Cllfrent assots
19.848
17.174
Incomo fun
Restricled funds
12
1.250
General lund$
Share capital
19,845
1S,923
11
19,846
15,924
19,846
17,174
financbl slatom9nls hav• been preparod in accordance with the provislons applicabl? lo ¢ompani0g &ubJ"gGt
to the small e4ynpanles' regimè".
The finonaal statements were wrovod by the Tmstees on ..ZZ .Q&+.: ZOIY
r•
st••

UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Accounting policies
Charity information
University of Illinois Foundation UK Limited is a private company limited by shares incorporated in England
and Wales. The regislefed office is Third Floor. 20 Old Bailey. London. EC4M 7AN.
Accounting ¢onvention
The financial slatements have been prepared in accordance with the Foundation's governing document, the
Companies Act 2006 and 'Accounting and Reporting by Chanlies.. Statemènt of Recommended Practice
applicable to charities preparing their accx)unls in accordance with the Financial Reporting Standard
applicable in the UK and Republic ot Ireland IFRS 1021" las amended for accounting periods commenrjng
from 1 January 20191. The Foundation is a Public Benefit Entity as delined by FRS 102.
The Foundation has taken advantage of the provisions in the SORP for charities applying FRS 102 Updale
Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Foundation. Monetary
amounts in these financial statements are rounded to the nearest £1.
The financial slalements have been preparèd under the hisloncal cost convention. The principal accounting
policies adopted ale sel out bèlow.
Golng concern
The parent undertaking, Unlversity of Illinois Foundation. has formally indicated its intention to eonlinue lo
provide financial support lo the Foundation to meet its obligations as they fall due for the foreseeable future,
and for a period of al le8s112 months from the dale of approval of these financial statements.
Charitable funds
Unreslncled
These are funds that can be used in accordance with the chantable objects at the discretion of the Board ol
Trustees.
R8slricled
These are funds that can only be used for particular restricled purposes wilhin the objects of Ihe charitable
company. The restiictions arise by the donor or when the funds are raised for a speoifio purpose.
Income
Ineome is recognised when the Foundation is legally entitled lo il after any performance condits'ons have been
mel, the amounts can be measured reliably. and il is probable that incorne will be received.
Expendllure
Expenditure is recognised once there is a legal or construclive obligation lo make a payment lo a third party, it
is probable that settlement will be required and the amount of the obligation can be measured reliably.
Governance costs are those incurred in connection with the administration of the Foundation and ￿MplianCe
with consts'tulional and slatulory requirements.
Cash and cash equivalents
Cash includes cash in hand, there are no cash equivalents.

UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Accounting policies (Continued)
Financial instruments
The Foundation has applied the provision5 of Secbon 11 '8asic Financial In$trument8' ol FRS 102 to all of 118
rinancial instruments.
Financial instruments are recognised in the Foundation's balance sheet when the Foundation becomes party
lo the contractual provisions of the inslrument.
Financial assets and liabililies are offset. with the net amounls presented in the financial statements, when
there is a legally enforceable right lo sel off the reeognised amounts and there is an inlents'on to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Taxallon
The Foundation is a registered cherity and as such 118 income and geins falling wlthin Section 371 10 489 of
the Corporation Tax Acl 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 and are exempt
from corporation tax to the extent that they are applied lo its charitable objectives.
Donatlons and legacles
Unreslricted Restricled
funds
lunds
2024
2023
Donations and gifts
Donations in kind
5,401
65,608
7,584
12,985
65,608
11,975
34,874
71,009
7.584
78,593
46,849
For the year ended 30 June 2023
45,474
1,375
46,849
Investment5
2024
2023
Inlerest receivable
72
29
10-

UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Charitable activities
Unrestricted Restricted
Fund
Fund
Total
2024
Total
2023
Grant funding of activities (see note 5)
1,119
8,834
9,953
6,575
Share of support cosls (see note 81
Share of governan¢e costs (see note 6)
46.933
18,607
46.933
18.607
18,348
16,860
86,659
8,834
75.493
41,783
Foi the year •nded 30 June 2023
41,658
125
41,783
Grants payable
2024
2023
Grants lo inslilutions..
University of Illinois Foundation
9,953
6,575
The grant made to the University of Illinois Foundation was to provide student scholarships and faculty
support. Of the £9,953 {2023'. £6.575} grants made, £8,834 {2023'. £125> was attnbulable to restrictl￿ funds
and £1,11912023. £6,450) lo unrestrlcled funds.
Support costs
Support Gov•rnan¢•
cosls
costs
2024
2023
Exchange Losses
Bank charges
Legal and profe88ional
Event costs
425
43.953
2,555
425
43.953
2.555
334
15.170
2,844
Audit fee5
other non-audil lees paid to the auditor
15,420
3,180
15.420
3,180
13,980
2.880
46,933
18,607
65,540
35.208
All support and govemance costs are attributable to charitsble activities.
11

UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Employees
There were no employees during the current or previous year and no payroll costs were incurred.
Trustees
None ol lh8 Trust8es. who are considered lo be the Foundalion's key management personnel, lor any
persons Connected wilh them) received any remuneration or benefits from the Foundation during the year
12023.. £nil).
No tTuslee expenses were incurred during the year12023-. £nill.
Deblors
2024
2023
Arnounts falllng due withln one year:
Amount due from parent undertaking
21,583
22,769
10 Credltors: amounts falling due within one year
2024
2023
Accruals
21.583
22,789
11 Share capital
2024
2023
Ordlnary share capltal
Issued
1 Ordinary share of £1 each
The share ¢apilal in tssue has no fight to receive a dividend or any other distribution.
12-

UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
12 Restricted lunds
The income funds of the chanly include restricted fvnds comprising the following unexpended balan￿S of
donations 8nd grants held on IfU$t for Specific purpose8'.
Movement in funds
Income
Expenses Balance at 30
June 2024
Current year
Balance at I
July 2023
Student Scholarship Support
1,250
7,584
(8,834)
1,250
7.584
(8,8341
Movement In lunds
Income
Expenses Balance at 30
June 2023
Prior year
Balance al 1
July 2022
Student Scholarship Support
1,375
(125)
1,250
1,375
{125)
11,250)
Sludenl Scholarship Support are donations made to provide $¢holarship support to students attending the
University of Illlnois.
13 Analysis of net assels belween fund5
Current year
Unrestrlcted
Fund
Restricted
Fund
Total
Fund balances at 30 June 2024 are represented by..
Current assets
19,846
19.846
Analysis of net assets belween funds
Prior year
Unrestricted
Fund
Restricted
Fund
Tolal
Fund balances at 30 June 2023 are represented by..
Current assets
15.924
1,250
17,174
13

UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
14 Related party transaclions
The parent and ullimate parent undertaking is University of Illinois Foundation, a charitable entity incorporated
in the United Slates of America, ENI number 37-6006007 (IRS Classification Charitable Organi$alion). Its
place of business is 1305 Wesl Green Street, Urbana. IL 61801-2962 Its prinupal actsvity is the administering
and encouraging of private gifts made to further the mission of the University of Illinois. There a re currently no
consolidated financial statements prepared which include University of Illinois Foundation UK Limited.
University of Illinols Foundation ￿ntrOl8 the Foundation thiough ils 100% corporate Bhareholding.
During the year the Foundation received an unrestricted donation in kind of £65,608 (2023.. £34,874) from
their parent to cover professional fees of £62,553 (2023: £32,030), event cosls of £2,55512023. £2.8441 and
£50012023.. £nill lo sel up a Transitional Giving Platform. During the year the Foundation paid a cash grant of
£5.078 12023: £5,850). The Foundation received a donation of £nil (2023. £6001 dunng the year which was
paid directly to their parent. As at the reporting dale £21,58312023. £22,769) was owed from the parent.
During the year five12023: four) trustees made donations to the Foundation of £8,86512023.' £9.750).
14-