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
#177

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 Se￿iceS 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 r￿e1Ved
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 I￿ul￿ale 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