Northwestern University (USA) Foundation Limited Annual Report and Financlal statements Yoar ended 31 August 2024 CornpBny Litniled by Gtrdran Reyistratron Number 11514191 (Engiqnd a1 W8lesl Chanty Regi51rabw Number 1184246
Contents Reports Reference and adminislralive information Tiuslees. report Independent examiner's report Flnanclal statoments Slalemenl of financlal activities Balance Sheet Principal accounling poli¢¢es 12 Notes lo the financial slalemenis 15 Northwestern University IUSAI Foundation Limiled
Reference and admlnl8tratlve Informatlon Trustee8 J Allen (Appointed 26 March 2024) M B Dalle D Lively R E McQuinn (Resigned 12 August 20241 D L Norton FHSelh Regl8tsred offlce 99 Durlslon Road London E5 8RP Company registration number 11514191 Charlty regl8tratlon number 1184246 Indepgnd•nt examlner Buzzacoll LLP 130 Wood Slreel London EC2V 6DL Banker8 J P Morgan Chase Bank 25 Bank Street London E14 5JP Northwestern University IUSAI Foundation Limited
Trustee8' report Year ended 31 August 2024 The Iruslees present their annual report logelher with the financial slalemenls of Northwestem UnSversily (USA} Foundalion Llmiled for the year ended 31 Augu812024. ThB financial 51alemenls have b6en prepared in accordancg wilh the accounting poli8S sel out on pages 12 10 14 01 the allached financial s181emenls and coMp5y with tho charity's Memorandum and Ariides of Association, applicable laws and Aecounllng and Reporting by Chaiilies.. Statement of R6¢ommended Practice applicable lo charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in Ihe United Kingdom and Republi¢ of Ireland IFRS 1021. Governance Constilullon Northwestern Unlve¥sily IUSAI Foundallf)n Llmiled {'Ihe Foundalion'l Is a registered charity. Charity Registration Number 1184246, and also a company wllh shale capilal, Company Regislralion Number 11514191. The £1 ordinary share capital 15 owned by Norlhweslern University, an organisalion based In Evanston. Illinois. USA. The Chafilable ompany is governed by 118 Memorandum and Artlcles ol Association. The names of the Iruslees who served during the year are s61 out as part of the reference and 8dminislralive inlormalion on page 1 of these annu81 report and financial slalemenls. On agreeing lo become a Iruslee of the chaiily, the Iruslees are Ihor(>ughly brieled by their co-Irusle85 on Ihe history of the Foundation. Ihe day-lo-day management, th8 respon5ibililies ol the Iruslees, the current objecllves and lulure plans. The trustees are also encouraged lo allend any courses which Ihey feel are relevant to the development ol Iheir role, and lo keep up-lo-dale on any changes in legislation. Stmcture and managemènt reporting The Iiuslees are ullirnalely responsible lor th8 policies, activities and assets of the charity. The Iruslees ieview the developmen15 with regard to the charity, ils grant giving activities and make any important decisions. When necessary, Ihe Iruslees seek advice and support from th& oh81ily's professional advisers including solicitors and accountants. Northwestern University (USA) Foundation Limited
Twstee8' report Year ended 31 Augu812024 Governancè {conlSnued) Key managementpersonnel The key management personnel of Ihe charily in charge of directing and nIo]lIng. running and operating the charity on a day-lo-day basis compfise Ihe Iruslees ol Ihe charily. The Iruslees are nol remuneraled lor Iheif role. Charltabltr obj&ctlv&8 The Foundation's chafilable objective is lo advance education. in particular by supporting Northwestern Universily in Evanston, Illinois. USA. Northwestern University uses Ihe funds il recèivas from Ihe Foundation for charitable puTposes. For example, students benefit from monies used lo creale scholarships anLI those given lo support specific areas ol adivily. such as the Kellogg School ofmanagemenl. The charily iaises funds in order lo provide grant support lo Northwestern University. Durinu the year, the charity ralsed eash donations of £289.750 induding recoverable Gift Aid. and donated a lolal of £293,205 to Northwestern Universily. Revlew of the year During Ihe fiscal year end8d 31 August 2024. Norlhwestern University (USA) Foundation Limiled granted £293.205 lo Northwestern Univeislly. Below is a biSel overview of Ihe programs and schools supported wilhln the Universily.. ARCH Scholars Fund, Wolnb&rg College of Arts andScience5 Arch Scholars al Ihe Weinberg College of Arts and Sciences Is a suite ol free-standing bul overlapplng summer and early academic career bridge prograrns designed lo welme, engage. and more fully support and empower students from low-income households or who are Ihe 17rsl In their famili8$ 10 allend college. Weinberg College slrives lo eliminate nancial barriers for students and offers these programs free of Charge. covgring Ihe costs of room and board and, often, Iransportalion and a stipend. Kelly Kuhn Famlly Undergraduale Merit Scholarshlp Fund. 8lenen School of Muslc The Kelly Kuhn Famlly Und8rgradual& Merit Seholarship Fund provides support lo undergraduate sludenls of musical merit al the Bienen School. Bluhm Leg&1 Clinic. Northwestern Unlversl(y Prllzker School of Law Th8 Bluhm Legal Clinic al Northwestern Univeisily Prilzker School of Law dely recognized as one of Ihg mosl comprehensive and effeclive clinical progiams In Ihe counlry- allows sludenls lo gain direct expeiience represenling clients and fine-lune their Skills as advocales. Conlribulions allow the clinic lo give students slrong liligalion. negolialion. and Iransaclional skills,. provide sludenls with opportunities to work on live client cases., offer hSgh-qualily logal services lo underserved and disadvan18ged clients., empower students lo evaluate and propose reforms for laws and legal inslilulions., and invest in lh8 ngxl generation of skilled. elhical. and reform-minded lawyers. Northwestern Universily {USAI Foundation Limited
Trustees, roport Year ended 31 August 2024 Revl8w of th& year Iconlinuedl Kellogg School of ManagomentAnnual Fund Gifts to Ihe Kellogg School ol Management Annual Fund allow Ihe school lo support Kellogg's areas ol grealo$1 need. including scholarshSps, lacully research. and curricular innovations, as well as generating impacl on business wortdwid& w911 into th& future. Kellogg Dean's Dlseréllonary Fund Gifts lo this fund allow the Dean of Kellogg lo fund the school's areas ol graalesl need in¢ludlng Ihought leadership and enhanced programming lor students. Trobman Famlly Scholarshlpj Northwestem Unlverslty Prllzker School olLaw The Trobman Family Scholarship provides scholarship support lo Northwestern University Pfilzker School of Law students who demonslrale financial need. Welnbery College of Arts and Sclen¢es Annual Fund Thè WeitTrberg College ol Arts and Science5 Annual Fund enables the dean, faculty. and staff lo support the college's mission and expand opportunilies foreveryone in the Northwestern community. Conlribullons help Weinberg addrèss the imtnediale needs of the communily. fulfill 115 cornmilmenl to diversity 8nd Inclusion, and realize Dean Randolph's slralegic vision lor Ihe school. CIERA Telescope Support Fun The Universily ha$18unched an ambitious inilialive lojoin the Giant Magellan Telesctspe IGMD consortium. Gifts to this fund will enable Northwestern lo become a GMT partner. which in turn will solid5fy Northweslern's leadership In astronomy, engineering, data science, and rnore. This opportunily will alliacl lop talenl to departments across the Unlversily and will posilion our sludenls at Ihe lorelfonl ol research. Publlc benèfit Thè Iruslees have had regard lo the Charity Commisslon's guidance which sets oul the requiremenls for ¢harilie8 lo dernonstrale that their aims and aclivilies are for Ihe public benefil. Risk manag8m8nt The Iruslees have assessed the major risks lo which the chaiily and Foundation arg exposed, particularly those related lo cash holdlngs, finances, and the operalion ol Ihe charitable comp8ny. While the risks are limited given Ihe nalure of Ihts Foundation's aclivilles, the Iruslees recognize the importance of monlloring ¥e8erve levels, ensuring conlfols over kay financial systems, and examining operational and business risks. The Iruslees also emphasize the need lo manage grant expendilltrre and foreign exchange risks. To miligale these risks effectively, the trustees grant funds lo a reslricted number of reripienls and ensure that grants are nol ¢ommilled until the correspondlng income has been received. Northwestern University (USA) Foundation Limited
Trustees, rgport Year ended 31 August 2024 Flnanclal ravlow During the year ended 31 Augusl 2024, Ihe charity received donations {including rècoverable Gift Aid and donated Servicesl lolalllng £301.624. Expendilure for the year lolalled £313.073. £293.205 of this lolal related lo grants mado10 Northwe8lern University. The funds al the year end lotalled £17.571 01 whl¢h £9,730 wero reslricled and £7,841 wgie unreslrictgd. Reserves policy The Ifuslees havè reviewed Ihe requiremenl of the charity for reserves and havg delemlned th81 the level of $tricted funds allows Ihe charity lo undertake ils future charitable aclivilies as a grant giving enlily. The Iruslees, policy is lo distribute the majorily ol income received in the period and lo hold a minimal level ol reserves. Fundraising pollcy The charity aims lo achieve best praciice in the way in which il cornmunicales with dtsnors and olher SLSPPOrters. 11 lakes ¢are with bolh Ihe long of ils communicalions and the 8ccuracy of ils data to minimise the pressures on supporters. 11 applies be51 practice lo protect supporters, data and never sells dats. il never Swaps data and ensures that communiealion preferences can be changed al any lime. The charily does not employ Ihe service5 of professional fundraisers. The charity undertakes lo ieacl to and invesligale any complaints regarding ils lundraising aclivilies. During the yeaf lo 31 Avgusl 2024, the charity CeIVed no complalnls about ils fvndraising a¢livilies. Statement of trustses, r8sponslbllltles The charitable company's Iruslees {who are also dlredors of the charily lor the purposes ol company lawl are responslble for preparing rhe annual report and financial slalemenls In a¢¢ordance with applicable law and Uniled Kingdom Generally Accepted Accounting Piaclice. Company law requires the Ifuslees lo prepare financial slalemenls for each financial period whlch give a Irug and fair view of the slate of affairs of Northwe51ern University IUSAI Foundation Limited and ol ils Income and expenditure lor Ihg financial period Ihen ended. In proparing these financial slalemenls. the Iruslees are requlred lo.. select suitable accounllng pollcies and Ihen apply Ihem consistently- • observe Ihe melhods and principles in Accounting and Reporting by Charities.. Slalemenl of Recomrnanded Praclice applicable to charities preparing their accounts in accordance with the Finaricial Reporting Standard applicable in the Uniled Kingdom and Republic of Ireland {FRS 1021.. make judgements and esllmales that are reasonable and prudent- Northwestern University {USAI Foundation Limited
Trustee8' report Year ended 31 August 2023 Statement of trustees, respon$lbllltle$ {conlinuedl slate whether applicable UK 8¢¢ounling standards have been follow8d, subject lo any material departures dls¢losed and explained in Ihe fin8ndal slalemenls.. prepar8 the flnancial slalernenls on tho going concern basis unless il is inappropriate lo presume Ihal the charily will conllnue in operation. The Iruslees are responslble foT maintaining propel ac¢ounllng records which disclose with reasonabl& accuiacy al any lime the financial posillon of the charitable company and whieh enable them lo ensure Ihal the fin8n¢ial slalemenls comply with the Companies Act 2006. The trustees are alsr) itssponsible for safeguarding the assels of the charitable company and hence lor laking reasonable steps for th8 prfjvenllon and detection ol fraud and olhei irregularities. This confirmation is given and should be inlerpreled in accordancg wilh the provisions of s418 of ihe Companles Acl 2QO6. Signed on behaSf of the board es.. Dad Lively Appioved by the board ol Iwslees on.. 4 December 2024 Northwestern University IUSA) Foundation Limited
Independent examlner'8 report 31 August 2024 Independent examinerf8 report to the trustees of Northw6stem Unlverslty {USAI Foundatlon Llmlted I report lo Ihe chafily Iruslees on my examination ol Ihe financial slalemenls of Northweslern University (USA) Foundation Limiled lor Ihg year ended 31 August 2024. which arg sgt oul on pages 9 to 16. Responsibilltles and bas18 of rtsport As the Iruslees of th8 charitable company {and also ils direclors for the purposes of company lawl you are iesponsible for Ihe preparation of the fln8n¢ial slalemenis in accordance with the requirements of Ihe Companies Act 20061'lhe 2006 Act,). Having s81isfied myself that Ihe financial statements of the charitable company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent oxaminalion. I report in respect of my examination of your charity's finandal slalemenls as carried out under section 145 01 the Charities Act 2011 {'Ihe 2011 Acl'l. In carrying out my examination I have followed tho Directions given by Ihe Charity Commission under section 1451Sllbl of the 2011 Act. Independent examlntrrf$ statsment I have completed my examination. I confiim that no mallers have comg lo my allenlion in conne¢lion with my examination giving mè cause lo believe= • accounling records were nol kepl in respect of the charilable company as required by section 386 oflhe 2006 A¢l,' or the financial slalemenls do not accord with Iho8e records., or + the fin8n¢lal s18lemonls do not comply with Ihe accounting requirements of section 396 of the 2006 Act other than any requirement Ihat the financial sialements give a 'lrue and fair view, which is not a maller consldereil as part of an independent examinalion,. or + the financial slalemenls havè nol been prepared in accordance with the methods and principles of the foi 'Accounllng and Reporting by Charilies.. ihe Slalemenl of Recommended Praclice applicable lo charities preparing Ihelr accounts in a¢cordance with Ihe Financial Reptsrting Standard applicable in the UK and Republic of Ireland IFRS 102)." Northwestern University (USA) Foundation Limited
Independent examlner's report 31 August 2024 I have no concerns and have come across no other maller5 in conneclion with the examination to which allenlion should be drawn in Ihis report in order lo enable a proper understanding of the accounts lo be leached. Kalharine Patel ACA Buzzacoll LLP Chartered Accounlanls 130 Wood Slreel London EC2V 6DL 08 January 2025 Northwestern University IUSAI Foundation Limited
statement of flnanclal activities Years ended 31 August 2024 and 2023 {incSuding income and expenditure account} Unreslricled R8strile<F lunds funds 2024 Total 2023 Tota1 Notes Income from: Donations Iln¢ludiTrg GiftA ¢overabl81 Tolal In¢omo 11,874 11,874 289,750 289.750 301,624 301,624 292,241 292,241 Expendlture on: Charitable expertdilure Total oxpèndlture 15,671 15,671 297.402 297.402 313,073 313,073 280,630 280,fj30 Net lexpendlturel In¢omel net movement In funds 13.7971 17,6521 111A4&1 Reconclllallon of funds Fund balan$ brought forward a11 Sept8mb8r 2023 Fund balances ¢airled forward at 31 August 2024 11,638 17,382 17,409 7.841 19.730 17,571 29,020 All of the chaiily's tsperalions related lo continuing aclivities during the above two financlal periods. The charity has no recognised galns and losses other than those shown above. Northwestern University {USA) Foundation Llmiled
Statement of flnanclal activitSe8 Years ended 31 August 2023 and 2022 {including income and expersdiluie account) Unreslricted Reslrlcleis fund5 fund8 2023 Total 2022 Total Notes Income Irom: Donations Ilnduding Gift Aid fe¢overablel Tolal IoMe 10,153 10,153 282,088 282,088 292.241 292.241 258,510 258,510 Exp&ndltUf8 on.. Charitable expenditure Toial expBndllure 15.797 15.797 264,833 264,833 280.630 280,630 245,114 245,114 Net Income lexpendlturel lor th8 year and ne¢ movemont In 15.6441 17,255 11,611 13,396 R8conclllatlon ol funds Fund balances biou9hl forward al 1 Seplemb8r 2022 Fund balances ¢arrlgd lorward at 31 August 2023 17.282 127 17.40 4,013 11,638 17.382 29.020 17,409 All of the charity's opeialions related lo conlinulng activities during Ihe abov8 financlal period. The charily has no iecognised gains and losses other Ihan Ihose shown above. Northwestern Universily {USAI Foundation Limited 10
Balance 8heet8 31 August 2024 and 2023 2024 2ff23 Notes Current assets Debtors Cash at bank and In hand 13,932 7,840 21,772 11,403 25.620 37,021 Cf&dltors.' amounts falling due wlthln one ygar 8,000 Nol Curiont aSS8¢8 17.572 29,021 Total not assets 29,021 Represented by.. Called up share c8pilal Funds Restricted fund8 Unreslricled general fund$ Total funds 9.730 7,841 17.572 17.382 11,638 29,021 For the year ended 31 Augusl 2024 the charitable company was enlilled lo exemplion from audit ullder section 477 of the Companies Acl I'lhe Acl'l relaling lo small cornpanies. The members have not required the company lo obtain an audit ol ils financial statemenls for the fin8n¢S8l year In question in accordance with seclion 476 of the Act. The Iruslees acknowledge IheSr responsibilities for complying with the iequiremenls ol the Companies Act 2006 with respect to accounling rerdS and the preparation of financial slalemenls. Thes8 finana81 slalemenls have been prepared in accordance with the provisions applicable lo companies sublecl lo the small companies. regime. Company regislialion number.. 11514191 {England & Wales) Approved by Ihe board of Iruslees and signed on ils behalf by= David Lively Approved by the board of Ifuslees on: 4 Dgcombor 2024 Northwestern University (USA) Foundation Limited 11
Prlnclpal accountlng pollcles 31 August 2024 The principal accounting policies adopted, judgetnen15 and key sources ol esllmalion un¢ertalnly in Ihe preparation of the financial slalemenls a laid OL*1 below. Ba515 of preparatlon These financial slalemenls have been prepared lor tho year ended 31 August 2024 wilh comparative information provided lor Ihg year ended 31 Augusl 2023. Th& financial slalements have been prepared under Ihe hislorical cost convention with items recognised al cost or transaction value unless olhetwise slated in the relevant accounling pollcies below or the noles lo the financial slalemenls. The financial slalements have been prepared in accordanco wilh Accounting and Reporiing by Charities.. Slaletnenl of Recommended Pra¢lice applicable lo charities preparing Iheir financial slalemenls in accordancè wilh the Financial Reporling Slandard applicable in the United Kingdom and Republic of Ireland IFRS 1021 (Charili6s SORP FRS 102}, the Financial Reporting Standard applicable in Ihe UK and Republic of Ifeland IFRS 102) and applicablg laws. The charily conslilules a public benefit enlily as defined by FRS 102. The financial slalemenls are presenled slerllng and are rounded lo thè nearest pound. Critical accountlng estlmates and areas ofjudgemènt There are no si9nificanl accounting eslimales and areas of judgment Ihal affect il8ms in thè financlal slalemenls. AsBessment of golng con¢gr The Irustees have assessed whether Ihe usè ol the going concern assumption is appropriate In preparing these financial st8lefflenls. The Iruslees have made Ihis assessment with respect to a period ol one year from Ihe dale ol approval ol these financial slalemenls. The Irustees of the charity have concluded Ihal there are no material unceriainlies ielaled to events or conditions that may cast significant doubl on the ability of the charity lo continue as a going concern. The Iruslees afe of the opinion that the charity wlll have sufficient resources lo meet its Ilabililies as they lall due. Incom• Income is recognised in th8 period in which the charity is enlilled lo rèceipl, Ihe amount can bè measuied wilh reasonable eertainly and il 18 probable that the funds will be received. Northwestern University IUSAI Foundation Limited 12
Prlnclpal accountlng pollcles 31 August 2024 Income Iconlinuedl Donations and the Gift Ald Ihereon Is r8¢ognised when the charily has nfIrmatIon of bolh the amount and selllement dale. In Ihe evenl of donations pledged bul not received, the amount is accfued lor where the receipt is considered Pfobable. In the ev&nl Ihal a donation is subjecl to conditions that require a level ol porformance before the charity is enlilled lo the funds, the Income is deferred and not recognised unlll eSlher those condilions are fully met, or the fulfilmenl of Ih08e conditions is wholly within Ihe control of the ch8rily and il is probablg Ihal those conditions will be lulfilled in the feportlng period. Expendlture Expendilure is included in the slalemenl ol financial 8clivilies when inojrred and indudes allribulable Value Added Tax (VAT) whlch cannot be recovered. Expenditure is on charitable activitie8 which comprise grants payable in promoting charitable work. Ihg ¢osI ol administering the grant programme and governance costs. Grants payable are included In the slalemenl of financial aclivilies when approved and when lh& intended recipient has either received the funds or been informed of Ihe decision lo make the donation and has satisfied all related condilions. Grants approved bul not paid al the end of the financial year are accrued for. Grants where Ihe beneficiary has not begn informed or has lo meet certain conditions before Ihe grant is released are not accrued foi bul are noted as financial commilmenls in the notes lo Ihe financial Slalemenls. Governance costs include costs which are directly allfibulable lo the organisalional procedures and Ihe ne¢e$sary legal proCedUS for compliance wilh slalulory requiremenls. They ale included as a conslilu8nl parl of ¢harilable activities. Debtor8 Debtors are recognisgd al their selllemenl amount, less any provlsion for non- iecoverabilily. Prepaymgnls are valued al the amount prepaid. Cash at bank and In hand Cash al bank and in hand represenls such 8¢¢0unls and inslrumenls Ihal are available on demand or have a malurily of18s$ Ih8n thre& months from the dale of acquisition. Creditors and provlslons Cfedilors and provisions are re¢ognised when there is an obligation al the balance sheet dale as a result ol a past event. il is probable that a Iransfei of economie benefit wi11 be reqUId in selllemewtl, and the amount of the selllement can be eslimaled rellably. Creditors and provisSons are recognised al the amount thè charity 8nli¢ipales it will pay to selue Ihe debt. Northwestern University IUSAI Foundation Limited 13
Principal accountlng policies 31 August 2024 Fund accountlng Thè unreslricled general funds represenl funds av8ilablg lor the general charilable purposes of the Charity al the discretion of Ihe Iruslees. Reslricled fund5 comprise monies raised for, or their use reslricled lo a specific purpose or conlfibulion subject to donor Imposed conditions. Forelgn currency translatlon Transaclions denominated in foreign currencies are Iranslaled 81 the exchange rale prevailing on the dale of the transaction. Assets denominated in foreign currency held al the balance sheet dale are translated at the exchango rale al the year end date. Northwestern Univefsily {USAI Foundalion Limited 14
Notes to the flnanclal Statements 31 August 2024 Charltablo expondlture 2024 2023 Grant expenditures Isee belowl Administrativè suppori costs Bank charges Gov&rnanc8- Ind8P8ndenl èxamSnaUon, tsx and accountsncy fees Forelgn ex¢hang8105se5 293,205 6,074 4,049 264.142 6.053 4.173 5.800 3.945 4,100 2.162 Total chariiabltr èxpendlture 313,073 280,630 During the year. the Foundallon made Ihe following grants.. 2024 2023 Reclplent Northwestern University 293.205 264.142 Staff costs, trustees, remuneratlon and th& remuneration of key management personnel The charity employed no members of staff during the years ended 31 August 2024 and 31 August 2023. The key management personnel of the charity in ¢hargg ol directing and Controlling, running and operating Ihe charity on a day to day basis compfi$es the Ifustees. No Iruslee received any remuneralion or expenses in spect of their services as trustees or reimbursed expenstss durlng Ihe years ended 31 August 2024 and 2023. Taxation Northwestern Universlly IUSAI Foundation Limited Is 8 registered charity and therefore is not liable lo income lax or corporalion lax on irncome derived from its charitable aclSvilies, as il falls wilhln Ihe various exemplioTrs availablo to registered charities. Deblors 2024 2023 Other debtors 13,932 11,401 Total d8btors 13,932 11,401 Cr•dltors'. amounts falling due wlthln one year 2024 2023 Accwals To(al credltors 4,200 4,200 8,000 8,000 Northwestern University IUSA} Foundation Limited 15
Notes to the flnanclal statements 31 August 2024 Colled up share eapltal 2024 8nd 2023 1 Ordinary shares of £1 aulhorised and called up The £1 share capital is wholty owned by Norlhwestern Unlversily. an organisallon based in Evanston, Illlnois, USA. R8Strlcted funds During the year ended 31 August 2024, the Foundallon received reslricled donations lincluding Gift Aid recoverable) of £289,750 12023 £282,088) lo be gianled on lo Northwest&rn Universily for specific purposes, including scholarships. Frorn these funds and the opening reslricled funds of the Foundation al 1 September 2023, gran15 of £293,205 12D23 - £264,142) have beon made lo Ihe Univef511y. In addition, £4,197 has been charged lo restricted lund$ as a result of frjreign exchange losse$12023 - charge of £691 01 foreign exchange losse51 and a balan¢e of £9,73012023 - £17.382) remains within reslricled funds al 31 August 2024. Related party tran$actions One truslee rnade donalions amounling lo £70.OLIO lo Ihe Charity during thè year ended 31 August 2024 12023 three Iruslees donated £96,777). The charity has subsequently claimed Gift Aid on these donations. There are no further related party Iran8actions lo report. Northwestern University (USA) Foundation Limited 16