Charlty Reglstratlon No. 1170799 Company Regl8trallon No. 10429661 (England Ind Wales) UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 llNI *AEY811hS' 2010312026 COMPANIES HOUSE A20
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UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees P Akritas N AAxelrod M K Bauman C C Devocelle D G Dwyer G Glas U Hail C S Malhews D C Meinhart J H Moore K Vlverito Charity number 1170799 Company number 10429661 R•gl8t•r•d offic• Third Floor 20 Old Bailey London EC4M 7AN Audllor RSM UK Audit LLP Chartered A¢countants 25 Farrlngdon Street London United Kingdom EC4A 4A8 8anker8 CAF Bank Llmiled 25 King's Hill Ave Kings Hill Wesl Malling Kent ME19 4JQ United KSngdom Northern Trust Securilite5, Inc. 50 S.L8salle St Chicago IL 60603 UnSted Stales
UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2025 The Trustees present their report and financial statements for the year ended 30 June 2025. The financial Statements have been prepared in accordance wrth the accounting policies set out in note 1 to'the financial slalemenls and comply with the Foundation's governing document, the Companies Act 2006, thè Charilles Act 2011 and "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" las amended for accounting periods ¢ommen¢ing from 1 January 2019). Objectlves and activltle• The University of Illinois Foundation UK Llmiled is a registered charity (number 1170799) whose principal objectives are as follows.. the advancement of learning and education in particular Ibul not without limitation) al or In connecllon with the University of Illinois., and such other exclusively charitable purposes as thè Trustees may in their absolute discretion determine. The Trustees have paid due regard lo public benefit guidance issued by the Charily Commission in deciding wh81 aclivlllès the Foundation should undertake. Aehlèvèment• and perfomian¢• The Foundation is still in ils eady development Phase. During the year the Foundation hosted three social and donor engagement events lo help expand awareness of the Foundation and develop ils donor base. The first of these events took place in LorKlon at the Tollenham Hotspur Stadium 13 October 2024 where guest were invited lo watch a NFL game of the Jacksonvllle JaguaTS v Chlcago Bear$. The event was attended by 21 guests. The second event was 15 October 2024 with invitations including all alumni of the University of Illinois within geographic radius, hosted al The Lighlerman, Granary Square, London. This event was attended by approximately 65 graduates and resulled in increased engagement wilh Ihis alumni community in the area. The third event was 6 Aprll 2025 at In London at Craven Cottage football stsdlum where guest were Invlled to watch Fulham FC v Liverpool FC. This event was attended by 119uests. Also reflected in the accounts is a prepayment of expenses (deposits) for an alumni event and Foundaiion board meeting in September 2025 in Munich, Germany. Flnanclal revlew In the current year, the Foundation received donations of £28,827 {2024.' £12,985). In the current and prior year Ihe parent undertaking has agreed lo covei the Foundalion's costs. In ¢Joing so a gift in kind of £89,374 (2024." £65,608) has been provided. On top of the agreed costs cover by the parent, the Foundation incurred a further £284 of costs and made grant paymenls lo its parent of £13,011 resulting in a surplus for the year of £45,014. The Foundation will carry forward unrestricted funds at the year end of £64,735 (2024.. £19,846> ar•J restricted funds of £10012024.. £nill. The parent undertaklng, Universlty of Illinois Foundallon, has formally Indicated its inlenlion lo conlinue lo provide financial supporl to the Foundation lo meet ils obligations as Ihey fall due for the foreseeable future, and for a period of at least 12 months from the dale of approval of these financial statements. Reserves policy The Foundation has a policy that ils unreslricled funds which have not been designated for a specific use shoijld be maintained at a level equivalent lo belween three and six months, expenditure. The Trustees consider that reserves at this level will ensure that, in the evenl of a significant drop in lunding. they will be able lo continue the charity's current activities. Consideration is given to ways in which additional funds may be raised. At the year end, the Foundation had free reserves of £64,735 (2024, £19,846). and reslricled reserves of £10012024.. £nil).
UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2025 Fundralslng The Trustees confirm that the Foundation's fundraising activty is compliant with the recognised standards of fvndraising as set out in Ihe Code of Fundraising Practice, as well as Ihose required under Charity Law. The Foundation does not employ the SeiceS of any third-party professional fundraising organisations. Prlncipal risk and uncertainties The Trustees have assessed the major rlsks to whlch the Foundatlon is exposed, and are satisfied that systems are in place to miligale exposure to the major risks. Plans for futurè developments In future years, the Trustees will look to fulfil the Foundation's obleclives of the advancement ol learning, education and engagement of alumnl in Europ8. Structure, governance and management The Foundation is a company limited by shares. as defined by the Companies Act 2006. incorporated on 14 October 2016 and registered as a ¢harity on 16 December 2016. The Charitable Company is controlled ty ils 90veming document, its mernorandum an¢J Articles ofAssocialion, daled 14 October 2016. The sole subscriber is The University of Illinois Foundation, a nonprofit corporation incorporated in Unlled States of America. There is to be a minimum of three tru$lees and no maximum, The Irusleès, who arè also the dlreclors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements weiÈ'. P Akrrtas N A Axelrod M K 8auman C C Devocelle O G Dwyer G Glas U Haji C S Mathews D C Meinhart J H Moore K Viverlto (Appointed 17 April 2025) The shareholders may appoint 8 person who Is willlng to act as a trustee for such tem as they shall see fit. eithèr to fill a vacancy or as an addilional truslee. A retiring trustee may be reappointed. There shall be no limil to Ihe number of ts'mes a trustee rnay be reappointed. The Trustees are considered to be Ihe Foundation's key management personnel. No members of the key management personnel receive remuneration. The Trustees have control of the Foundalion and its property and funds. They may regulate their proceedings as they think fit. The share capital in issue has no right to receive a dividend or any other distribution. Trustees indernnities The Foundation has made qualifying third paty indemnity provisions for the benefrt of ils Trustees which were made during the year and remain in force at the date of this report. Audltor The auditor, RSM UK Audit LLP, is deemed lo be reappolnted under seclion 487{2) of the Companles Act 2006.
UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2025 Disclosure of infomlatlon to auditor Each of the Trustees has confirmed that there is no information of whlch they are aware which is relevant to Ihe audit, bul of which the auditor is unaware. They have further confimied that they have taken appropriate steps to idenlfy such relevant information and to establish that the auditor Is aware of such information. This report has been prepared in accordance with the PTovisions applicable lo companies entitled to the small companies, exemption. The Trustees, Report was approved by the Board of Trustees. 27101126 J H Moore Trustee Date
UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2025 The Trustees. who are also the directors of Unwersity of Illinois Foundation UK Limrted for the purpose of company law. are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accountin9 Practice). Company and charity law requires the Trustees to prepare financial slalements for each financial year which give a true and lalr view of the stale of affalrs of the Foundation and of the incoming resources and application of resources, including the income and expenditure, of the Charitable company for that period. In preparing these financial statements. the Trustees are required to.. select suitable accounting policies and then apply them consistentty.. observe the methods and principles in the Charilies SORP., rnake judgefflenls and estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless It is Inapproprlale to presume Ihal the Foundation will continue in operation. The Truslees are responsible for keeping adequate ac¢ounling records that disclose with reasonable accuracy at any lime the financial position of the Foundation and enable Ihem to ensure that the financial slatemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Foundation and hence for taking reasonable steps lor Ihe prevenlion and delection of fraud and other irregularities.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED Opinion We have audiled the financial statements of University of Illinois Foundation UK Limited for the year ended 30 June 2025 which cornprise the Slalemenl of Financial Aclivilies, the Summary Income and Expenditure Account, the Balance Sheet, and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice>. In our opinion the financial slalements.. give a true and fair view of the stale of the charitable company's affairs as al 30 June 2025 and ol its incoming resources and application of resources, induding its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnion W8 conducted our audit in accordance with International Standards on Auditing {UKI {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial slalements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitie8 in accordance with these requirements. We belleve thal the avdil evidence we have obtained is suificienl and appropriate lo provide a basis for our oplnlon. Conclu8lon8 relating to golng con¢•rn In auditing the financial statements. we have concluded that the Trustees, use of the going wncem basis of accounting in the preparation of the financial statèments is appropriate. Based on the work we have performed, we have not Identified any material uncertainties relating io events or condrtions that, individually or colleclively, may casl significant doubl on the charitable company's ability lo continue as a going concern for a period of al least e$Ve months from when the financial slalements are authoriseo for issue. Our responsibllilies and the responsibllilies of the Trustees wlth re8PèCt to going concem are described In the relevant sections of this report. Olher Inforniatlon The olher information comprises the information included in the Annual Report other than the financial slalemenls and our auditor's report thereon. The Trustees are responsible for the other information contained within Ihe Annual Report. Our opinion on the financial slatements does not cover the other information and. except to the extent otherwlse expllcilly slated In our report, we do not express any form of assurance conclusion Ihereon. Our responsibillty Is to read the other Snlormation and, In doing so, conslder whether the other informatlon Is materially inconsistent with the financial slalements or our knowledge obtained in the course of the audil or olhewise appears to be malerially misslaled. If we identify such material inconsistencies or apparenl material misstatements, we are required to determine whether this gives rise lo a material misslalemenl in the financial 51alemenls themselves. If, based on the work we have performed. we conclude that there is a material misslatement of this other information, we are required lo report that fact. We have nothlng to report In this regard. Oplnlon on other m8tter8 prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the informalion given in the Trustees, Report for the financial year lor which Ihe financial statements are prepared is consistent with the financial slatemenls,. and included within the Trustees, Report has been prepared in accordance with applicable legal 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 its environment obtalned in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in resped of the following mattèrs where the Companies Act 2006 requires u8 to report to you if, in our opinion.. adequate accounling records have not been kept. or returns adequate for our audit have nol been re1Ved from branches not visited by us- or the financial slatemenls are not in agreement wllh the accounting records and retums., 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. Rèsponsiblllties of Trustees As explained more lully in the Statement ol Trustees, responsibilities sel out on page 4, the Trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial slalemenls and for being satisfied that they give a true and fair view, and lor such inlemal control as the Truslees determine is necessary lo enable the preparation ol financial slalemenls that are free from material misstatement. whether due to fraud or error. In preparing the financial stalemenls, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern. disclosing, as applicable, matters relaled to going concem and using the going concern basis of accounting unless the Trustees erther intend lo Iulale the charitable company or lo cease operations, or have no realistic alternative bul lo do so. Audltor's responslbllltleA for the audSt of the flnanclal statements Our objectives are to obtain reasonable assurance about whelher the financial slalemenls as a whole are frée from material misslatemenl, whether due to fraud or error, and lo issue an auditor's report that includes our oplnion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS (UK) will always delect a malenal misstalemenl when il exists. Misslalemenls can anse from fraud Of error and are consider8d maleri81 if, individually or in the aggregate, Ihey could reasonably be ex¢ted lo influence the economic decisions of users taken on the basis of these financial statements. The extent to whlch the audit wa8 considered capable of detecting irregularltles. Includlng fraud Irregularities are instances ol non-compliance with laws and regulations. The objectives of our audll are to oblaln sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determlnation of material amounts and disclosures in the financial slalemenls, lo perform audit procedures lo help identify instances of non-compliance with other laws and regulations Ihal may have a material effect on the financial slalements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit. In relation lo fraud. the objectives ol our audil are lo identify and assess the risk of material misstatemenl of the financial slalements due to fraud, lo oblain sufficient appropriate audit evidence regarding the assessed risks of material misslatement due lo fraud Ihrough designing and implementing appropriate responses and to respond appropriately lo fraud or suspected fraud identified during the audit. However, it is the primary responsibility of management. wllh the overslght of those charged wSlh governance. to ensure that Ihe entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and delection of fraud. 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 ffamework that the tharitsble company operates in and how the charilable company is complying with the legal and regulatory framework., inquired of management. and those charged with governan, about their own Idenlificalion and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of 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
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED (CONTINUED) As a result of these procedures we consider the mosl significant laws and regulations that have a direGI 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 wilh the governing documents. The most significant laws and regulations that have an indirect impact on the financial statements are Ihose in relation lo data protection. We performed audit procedures to inquire of management and those Charg with governance wheiher the charltable company Is in ¢ompliance wlth thes8 law and regulations. The audit engagement team identified the risk of management override of controls and income recognition as the areas where the financial statements were most susceptible to material misslatemenl due lo fraud. Audit procedures performed included but were not limited lo testing manual journal entries and other adjustments, evaluating the busine88 rationale in relation to significanl, unusual Iransaclions and Iran5aGtions entered inlo outside the normal course of business and challenglng judgments and estirnates. A further descriptlon of our responslbililies for the audll of the financlal slaiements is located on the Financlal Reporting Councll's website at http.'Ilwww.frc.org.ukJauditorsfesponsibilities. Thls description forms part of our auditor's report. Use of our report This report is made solely to the charllable company's members, 8s a body, In accordance with ChaOer 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so Ihat we might stale to the charitable company's Members those matter5 we are required to stale to them in an auditors, report and for no other purpose. To the fullest extenl permitted by law, we do not accept or assume responsibillly lo anyone olher than the charitable company and ils members as a body, for our audit work. for this report, or for the opinions we have formed. LLP Nlcholas Sladden {Senlor Statutory Audilorl For and on behalf of RSM UK Audit LLP, Statutory Auditor Chartered Accountants 25 Farringdon Street London EC4A 4A8 United Kingdom 28101126
UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2025 Unrestricted Restricted funds funds Total 2025 Total 2024 Not?• Income from: Donations and legacies Investmènts 105,960 53 12.241 118.201 53 78,593 72 Tol•l Income 106,013 12,241 118,254 78.665 Expendlture on: Raising funds Charitable activities 500 75,493 61,124 12,141 73,265 Total expendlture 61,124 12,141 73,265 75.993 Net Income for the year and net movemenl In funds 44,889 100 44.989 2,672 Total funds brought forward 19,846 19.846 17.174 Total funds carried forward 64,735 100 64,835 19,846
Company Registration No. 10429661 UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED BALANCE SHEET AS AT 30 JUNE 2025 2025 2024 Notes Current 0880t8 Debtors Cash at bank and in hand 53,255 32.685 21,583 19,846 85,940 41,429 Credltorg: •mounts falllng du¢ wlthln onè year .10 (21,105) 121.583) Nel current assets 64,835 19,846 Incomé fundg Reslricted funds Unreslrlcled funds.. General funds Share capital 12 100 64,734 19,845 11 84,735 19.846 64.835 19.846 These financial slalemenls have been prepared in accordance wllh the provisions applicable to companies subject lo the small companies, regime. 27101126 Tb.ofinancial.slatemenls_were.approved-by..the..T.ruslees-on-.............,........... J H Moore Tru8t•0
UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Accounting policies Charity infomiation University of Illinois Foundation UK Limited is a private company limited by shaTe5 incorporated in England and Wales, The registered office is Third Floor, 20 Old Bailey, London. EC4M 7AN. Accountlng convention The financial statements have been prepared in accordance with the Foundation's governing document. the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charilies preparin9 their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland {FRS 102)" las amended for accounting periods commencing from 1 January 2019}. The Foundation is a Public Benefit Entity as defined by FRS 102. The Foundation has taken advantage of ihe provisions in the SORP for eharilies applying FRS 102 Update 8ulletln 1 not to prepare a Slalemenl of Cash Flows. The financial statements are prepared in sterlin9, which is the functional Gurrency of the Foundation. Monetary amounts in these financial statements are rounded lo the nearest £1. The financlal slalemenls have been prepared under the historical c08t convenllon. The pnncipal arKounling policies adopted are sel out below. Going concem The parent undertaking, University of Illinois Foundation. has formally indicated 11$ intention lo continue lo provide financial sUPPOrt lo the Foundation to meet rts obligations as they fall due for the foreseeable future, and for a period of at leasl 12 months from Ihe date of approval of these financial slalements. Charltsble funds UnTrstricted These are funds that can be used in accordance wlh the charitable objects at the discretion of the Board of Trustees. Restricted These are funds that can only be used for particular reslricled purposes within the objects of the charitable company. The restrictions arise by the donor or when the funds are ralsed for a specific purpose. Income Income is recognlsed when the Foundatlon 1$ legally entllled lo it after any perfomiance conditions have been mel, the amounts can be measured reliably. and Il is probable that income will be received. Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third paty, is probable that settlement will be required and the amount of the obligation can be measured reliably. Govemance costs are those incurred in connection with the admlnistration of the Foundation and compliance with constilulional and statutory requirements. Cash and cash equlvalenls Cash includes cash in hand, there are no cash equivalents. 10-
UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Accountlng pollcles (Contlnued) Flnancial instrufnents The Foundation has applied Ihe provisions of Section 11 'Basic Financial Instruments. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Foundation's balance sheet when the Foundation becomes party to the contractual provisions of the instrument, Financial assets and liabilllles are offset, with Ihe nel amounts presented in the financial slalemenls, when there is a legally enforceable right to sel off the recognised amounts and there is an intention lo sethe on a net basis or lo realise the asset and settle the liabilty simultaneously. Taxatlon The Foundation is a reglstered charity and as such its income and galns falling wllhin Section 371 to 489 of the Corporation Tax Acl 2010 or Section 256 of the Taxation of Chargeable Gains Ad 1992 and are exempt from corporation lax lo the exlenl that they are applied lo ils charitable objectives. Donatlons and legaele• Unrestrlcted R•sifl¢ted fund8 funds 202S 2024 Donations and gifts Donations in klnd 16,586 89,374 12,241 28,827 89,374 12.985 65,608 105,960 12,241 118,201 78,593 For the year ended 30 June 2024 71,009 7,584 78.593 Inve8tment8 2025 2024 Interest receivable 53 72 11
UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Charitable activitie$ Unrestrlcted Restrlcted Fund Fund Total 2025 Total 2024 Grant funding of activities {see note 51 1.000 12.011 13.011 9,953 Share of support costs {see note 61 Share of govemance costs (see note 61 35,372 24,752 130 35,502 24,752 46.933 18.607 61.124 12.141 73,265 75.493 For the year ended 30 June 2024 66,659 8,834 75.493 Grant8 payablo 2025 2024 Grants to inslilutlons.. Universty of Illinoi$ Foundation 13,011 9,953 The grant made to the Universlty of Illlnols Foundallon was lo provide student schol8Tships and faculty support. Of the £13.011 {2024.' £9,953) grants made. £12.011 (2024. £8,834) was attributable lo reslricled funds Énd £1.000 (2024.. £1.119) to unrestricted funds. Support costs Support Governancg Costs costs 2025 2024 Exchange (gains)Ilosses Bank charges Legal and professional Event and AGM costs Other office costs (981 {98) 739 17,924 21,475 1,089 739 17,924 15.750 1.089 425 43,953 2,555 5,725 Audrt fees Other non-audit fees paid to the auditor 13,455 5,670 13.455 5,670 15,420 3,180 35,502 24,752 60,254 65,540 All support and governance costs are attributable to charitable activities. 12
UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Employees There were no employees during the current or previous year and no payroll costs were incurred. Trustees None of the Trustees. who are considered lo be the Foundalion's key management personnel, (or any persons connected with them) received any remuneration or benefits from the Foundation during the year {2024. £nll). No Iruslee expenses were incurred durlng the year (2024.. £nill. Debtors 2025 2024 Amount8 falllng due wlthln one year: Amount due from parent undertaking Other debtors Prepayments and accrued Income 21,105 2,375 29.775 21,583 53,255 21,583 10 Credltor8: amounts fallln9 du? withln one year 2025 2024 A¢cruals 21.105 21,583 11 share capitsi 2025 2024 Ordlnary sharo capllal 188ued 1 Ordinary share of£1 each The share c8pilal in issue has no rlght lo recéive a dividend or any olher distribution. 13-
UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 12 Restrlcted fund8 The income funds of the Gharity include restricted funds comprising the following unexpended balances of donalions and grants held on trust for specific purposes.. Movement In fund8 Income Expenses Balance at 30 June 2025 Balance at 1 July 2024 Sludenl Scholarship Support Research Sludenl Support 4.825 100 7,516 14.6251 100 17.5161 12,241 (12,1411 100 Movement In fund• Prior year Balance at 1 July 2023 Balance at 30 June 2024 Ineome Expen•ei Student Scholarship Support 1,250 7,584 8.834 1,250 (7,5841 (8,834) Student Scholarship Support are donations made to the charity with a requirernent for them lo provide scholarship support lo students attendlng the Universlty of Illinols. Support for University projects are donalions made to support specific programs or projects at the Unlverslty ol Illinois. 13 Analy818 01 nèt a88èt8 between fund8 Current year Unre8trlcled Fund Re8trlcted Fund Total Fund balances at 30 June 2025 are represented by: Current assets 64.735 100 64.835 Analy818 ol nel asse18 between funds Prior year Unrestrlcled Fund Restrlcled Fund Totsl Fund balances at 30 June 2024 are represented by: Current assets 19.846 19,846 14
UNIVERSITY OF ILLINOIS FOUNDATION UK LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 14 Related party transactlons The parent and ullirnate parent undertaking is University of Illinols Foundation, a charitable entity incorporated . in the United States of America, ENI number 37-6006007 {IRS Classification Charitable Organisalion). Ils place of business is 1305 Wesl Green Street. Urbana, IL 61801-2962. Its principal activity is the administering and encouraging of private gifts made to further the mission of the Universty of Illinois. There are currently no onsolidaled financial slalements prepared which include University of Illinois Foundation UK Limited. University of Illinois Foundation controls the Foundation through its 100Vo corporate shareholding. During the year the Foundation received an unrestricted donation in kind of £89.374 {2024-. £65,608) from their parent to cover professional fees of £37,04912024'. £62.553). event and AGM costs of £51,250 12024.. £2,555) of which £29.775 has been prepaid. office ¢osls of £1.08912024'. £nill and £nil 12024.. £5001 lo set up a Transitional Giving Platform. During the year Ihe Foundation paid a cash 9ranl of £8,386 (2024.. £5,078). As at the reportlng dale £21,105 (2024.. £21,583) was owed frorn the parent. During ihe year nine {2024'. five) Iruslees made donations to the Foundation of £22.299 (2024: £8.865). 15