Docusign Envelope ID.. 1D458eFC-99184COF-967E-A68D3AB91919 REGISTERED COMP.4NY NUMBER: 13060396 {EnglAnd Rnd W*lesl REGISTERED CIIARITI NUMBER.. 119615$ ort Of the Trustees Audited Financial Statement5 for the Year Ended 31 December 2024 for UT Foundgtlon UK Llmlted Nielsens Statutory Auditor5 The CJaiehou8e 453 CrÉgnbrook Road Ilford IG2 6LW UT Foundition LIK Llmited Re ort of thc'l-ruste¢s for the Tr'car bndcd 31 1)CC¢Tnber 2024 I'he trustee5 who are also director5 of the chai'it! for the Pu￿￿5¢5 of the Com Page I Docusign Envelope ID.. 1D458eFC-99184COF-967E-A68D3AB91919 UT Foundition LIK Llmited Re ort of thc'l-ruste¢s for the Tr'car bndcd 31 1)CC¢Tnber 2024 STIi4TEGIC REPORT Financial review Investment policy and objectives In accordancc ￿'1th thc charit} s Mcmorandum of Association thc charity's trustccs havc thc powcr to invcst in such in￿eStMents. securities. or property, as the} see tit. Funds are invested in accordance M'ith the donors, ￿'IsheS and in the absence of specific reque5t5: donation5 receii.ed bTr the charit}, are placed on bank dep051t until distribution. Going concer Thc tinancili I statcmcnis hli ve bccn preparcd on a 8oin8 conecrn basis as the trustccs bclicvc that no maicrial unccrtAintics exist. It has considered the level of funds held together H."ith the expected le￿¢1 of income and expenditure likelN' to be Irceived and paid in the 12 Inonths period trom authorising these tinancial statements. In their opinion, the budgeted income and expenditure, together Ivlth fund5 held, are sufficient for the charity to be able to Li)ntinue a g()ing L(Incern. The u)mmiltee inLUN tinancial coinmiiment% onlj when tund% are available and there 18 no partlLular policl lo hold reserie lunds over and akni'e the minimum re4Liired to meet administrative costs. STRUCTURE, GON"ERNANCE AND I¥IANAGEMENT Governing dotument The Lliarity is LiTrntrull¢d bv its goi'erning doLutnenL the rn¢rnoran(lum and artlLles of a550Liation (lat¢d 3 D¢Lernber 2020. and constitutes a limitcd company having a share capital ot'£l, as dctincd by the Companics Act 2006. The charitv's Memorandum of Association does not allow pa)'ment of anN' dividends to shareholders. It also precludes shareholders trom partaking in the di5tTibution ot-an} remaining pl￿pertI.. should the charit), be iTround up or dissolN'ed. in which ei'ent. anN reniaining 5urplu5 ivould be paNabl¢ to charitable institutions with 5itnilar airn5. Re¢ruitm¢TLt and appointrnent of new trust¢e5 Any nciv appointmcnts arc at thc unanimous rccommcndation ot thc board bui aftcr consultation with thc ultimatc controlling party..4t least halt the board members should be at such ineeting. Org%nisational structure ￿nd decision making A minimuin ot'lhrcc truslcts musi bc apwinicd. Trusiccs, appointed tor a tixcd Icrm ma> bc rc-appoinlcd. thcrc has bccn an averagc of 5 trustCCS throughout thc pcriod. Indllction Rnd training of new trustees On ap￿intment. each trustee is gii'ell, in the i'i¢M' of the board. sufficient training and ha5 5uffIcient knowledge of their spe¢ifiL field iv unJ¢rslJnd th¢ naiur¢ ofih¢ ¢hai'ilv and 15 fully Lornplidni ii'iih Ihe ¥hJril> s Lurrenl i'i¢i¥ ofil5 prugr¢ssiiin and givLn a copi. of thc UK Charitv Commission's publication 'Thc Essential Trustcc.. ￿'hat you necd to know and what vou nccd to do, and a8rccs to follow it. Related parties I l The Ilnii'¢rbitTr (If Tex(￿ Found(Ition. Inc.. u nut-for-pwfit r¢gibter¢d Lh4rity in the Stut¢ of T¢xl￿. LISA, is the ultitnat¢ ci)nirolling part) and beneficiary ()r the chariiable donaiion% made Ihe Charity. It bear% ihe annual audil and accountsnc}' costs amountin8to £2,16012023-£2.0401 of which audit tccs w'crc £1.200 {2023-£1,0801. It also contributcd £6.67412023 £6.6531 toward5 the charitv's finance and administration costs. These contributions are recorded as part of other incoine in the accounts. 21 R¢%iri¢ted funds in¢lude £1 representiiig lh¢ issued ￿n￿ paid•UP share ¢apithl of ihe ¢ompany* being ihe fullTr paid subsci'ibcr's ordinary. sharc of £ l allotlcd and issucd to Thc Unii'crsit) ot-Tcxas Foundation. Inc. 31 Consolidated financial statements of the University of -l-exas l.oundation: Inc. for the period5 ending 31 December 2022 onM"ar(15. rna). k ubtaine(I fI￿[n the Secretary ur online at iTr74Tr¥.Utxf.oi'g. Risk managernent Thc trustccs havc a dut} to idcntify and rcvicw thL risks to ￿h￿Ch thc charit> is cxposcd and to cnsurc appropriatc controls are in place to proi.ide reasonable assurance against traud and error. I'he trustee5 hai'e reb'ieived the Inajvr risk5 to i¥hich the Charit%. 15 ¢XFK15¢d and ar¢ content i¥ith the procedure5 that have been estahlished iiTr mili¥ate thi)s¢ ri4ks. They do noi beliebe thai ihere is mJieTial ri*k Ji p￿￿￿( 10 I￿h1¢h Ili¢ C.hJril}' is exposed and S￿hIch needs disclosure. Page 2 Docusign Envelope ID.. 1D458eFC-99184COF-967E-A68D3AB91919 UT Foundition LIK Llmited Re ort of thc'l-ruste¢s for the Tr'car b:Thdcd 31 1)CC¢Tnber 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered CompRny number lJ060J96 (England and Wale%l R¢gi5ter¢d Ch#rity numb¢r 1196155 Registered offiee 99 Durlsion Road London United Kingdom Trustees J L Baker S D Despain J E Eldredge D K Nadar T J Perich J S Canlara S Chisholm R Dhir D B (ilas5 Auditors iclscns StatutoTh Auditors I'he Oatehou5e 4)3 c.T(￿brOok Road Esscx 162 6EW STATEMENT OF TRIISTEES, RESPONSIBILITIES Th¢ trusl¢e5 Iw'h(i are a151) lh¢ (lir¢¢l(Irs ()fiiT Fouii(lJlioii IIK I.iTniieJ fvi. Ihe PUTposes i)f COTnpanv laivl are respiinsible for prcparing thc Rcport ot. thc Tiwstccs and thc tinancial statcmcnts in accordance 14ith applicablc law and Unitcd Kingdorn Accounting Standards Iunitcd Kingdom Gcncralli Acccptcd Accountino Practiccl. Cornpuni. lai¥ require5 the trustee5 to prepare financial stJtern¢nt5 for each *inancial I'etw ivhiLh g71'e a true wTrd fair viem. of the state iTrf '; observe the niethod5 and prinLipl¢s in the C'.hariti" SOKP., niJk¢ jud¥em¢nls and e5liiMaies that are reas(InJbl¢ an(1 prudent: statc ii'hcthcr applicablc accounting stsndards hai."c bccn folloi4'cd. subjcct to any matcrial dcparturcs discloscd and explained in the tinancial statements: prepare the financial statements on the going concern basi5 unles5 It is inappropriate to PTesume that the charitable Lornpan)i ii'ill Lontiiiue in busineb5. The tru%tee8 are re8w)n8ible f()r keeping proper accounting reci)rd8 w'hich di%LI()%e ￿1th rea%onable acturaev al any lime thc financial position ot-thc ¥haritablc companN and to cnablc thcm to cnsurc thi2t thc financial statcmcnts complv with the Companies Act 2006. Thev are also responsible for safeguarding the assets of the charitable compan! and hence for taking reasonable steps for the prei'ention and detection of fraud and other i￿egUlarItieS. Page 3 Docusign Envelope ID.. 1D458eFC-99184COF-967E-A68D3AB91919 UT Foundition UK Llmited Re ort of thc'l-rust¢es for the Tr'car b.ndcd 31 1)cc¢mber 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES- tontinlled In 8() far the trugiee% are aiiare.. thcrc is no rclcNant audit intormation 01-￿'hiCh thc charitablc companv's auditors arc unaivarc,. and the trustees haN'e taken all steps that theN ought to hai'e taken to make thems¢lN¢s ai¥are of any relei'ant audit infortnation and to establish that the auditor5 are aware of that intormation. AUDITORS Thc auditors, Niclscns, w.ill bc proposed tor rc-apwintmcnt at thc forthcoming Annual Gcncral Mccting. Reportof the tl'U5tees. incor￿ratIng a strategic report. approved by order ofthe board of truste¢5, a5 tlie compan>. directors. on ... li.. April 2025 and signed on the boaTd's behalf bN.' ID&7$114È*DthlS................................................... T J l)¢riLh_ fru5t¢e Page 4 Docusign Envelope ID.. 1D458eFC-99184COF-967E-A68D3AB91919 ort of the Inde endetht Auditors to the Trustees of UT Foundation I". K Limited Opinio We have audited the tinancial ststements of UT Foundation UK Limited (the 'charitable company'l for the year ended 31 December 20?4 ￿hICh comprise the Statement ot- Financial Actii'ities. the Balance Sheet. the Cash Floii. Statement and notes to the financial statements, including a sumtnar! of significant aLcounting policies. -j.he financial reporting frame￿,{)rk thai ha8 heen applied in their preparatii)n 18 applicable la￿ and ljniied Kingdom Ace()unting Standards IlJnited Kingdom Cjenerall) Accepied Accouniing Praciicel. In our opinion the financial 5tatements'. gil'¢ a trut and tair Nieii. of the State of the charitable company's affairs as at 31 December 2024 and of its incoming re4thuiie% and appliLatiiin i)r re.4ouiLe%, including IL% IllLI)me expendilure. for Lhe year then ended,. havc bccn propcrl) prtparcd in aLcordanLL I4."Ith Unitcd Kingdom GLncrallN' Acccplcd AcLouniine PraLticc,' and havc Eccn prcparcd in acconlancc with thc rcquircmcnts ot ihc Companics Act 2006. BAsis for opinion We conducted our audit in accordance with International Standard5 on Auditing IUKI IISAS IUKII and applicable lai%'. ur re%pi)nsihilitie% under thi).%e %tandard% are turther de%eribed in the Auditor%' re%￿n*1b11l1le% tor the audit (It. the tin1É nLiÉil 8tlÉ tement% section tht'our report. We are independent ()I'ihe charitable company in accordance iiith the ethic1É1 rcquircmcnts that arc rclLI'ant to our audit of thc financial 5tatcmcnts in thc UK. including thc FRC'S Ethical Standard. and Me have fulfilled our other ethical responsibilities in accordance ipith these requirements. We beliei'e that the audit evidence we ha￿¢ obtained is Sufficient and appropriate to proi'ide a basis for our opinion. Conclusions relating to going concern In auditing thc tinancili I stLltcmcnts. wc have concludcd that thc trustccs, usc ot-thc going conccm basis of accounting in the preparation of the financial statemenis is appropriate. Llased on the work we haN'e p¢rforined. we have not identified any rnaterial uncertainties relating to ei'ents or conditions Ih' oi. in the aggregat¢, th¢y Luul(I reasonably b¢ expected lo influ¢nL¢ the eLononiiL dccisions ot'uscrs takcn on thc basis ot'lhcsc financial statemcnts. The extent to M'hich our procedures are capable of detecting irregularities, including fraud is detsiled below.. Irr¢gulaTlties. including fraud, are instances of non-compliance with lai¥s and regulation5. We design proceduTes in line 'iih our re5P()n5ibilit1¢5, uuilin¢(l JN)v¢, lo dvleLt mat¢i'ial miss1￿￿1¥T￿¥￿ls in r¢sp¢¢l ofirr¢¥ul actU2É I, alleged or suspcctcd frnud. Wc designed our audit tcsts to con5idcr controls and tcstcd a samplc ot rcccipts and pa)'mcnis to various parties pa>'ing att¢ntion to the eNidence obtained in all respects. W¢ obtrdineil ali un(l¢rstan(liiig of th¢ l¢gal and r¢gulat(Irv frame￿.￿rk appliLabl¢ to th¢ ¢ntitv an(1 how it Lvmplie5 Iwlth Ihc frnmciiork bv discussing with SLnior managcmcnt and chcck'ing compliancc ￿..ith ihc regulations. An> traud or irrc8ularity of a Jnatcrial amount is likclj to bc dctcctcd whilst conductin8 our routinc proccdurcs. In coinmon ￿'1th all audits under ISA5 IUKI also pertorined 5pecitlC PTocedure5 to TesEM)nd to the Tl5k ot-manaoernent oi'eri'ide. Il'e a5se55ed that the chaTiiable coinpanTr's control environm¢nt 15 adequate for the size and operating Inodel of suLh a Lharithble ivmpanv. A furthcr dcscripiion ot our rcsponsibilitics tor thc audit ot-thc financial statcmcnts is locatcd on thc Financial Rcporting Council's ii.ebslte at wwrw'.frc.org.U￿audIlorSre5wnSibl1it1eS..l'his description foTrnS part of our Report ofthe Independent Auditor5. Page 6 Docusign Envelope ID.. 1D458eFC-99184COF-967E-A68D3AB91919 ort of the Inde endetht Auditors to the Trustees of UT Foundation I". K Limited Use of our report This reFrt)rt is made solely to the charitable company's trustees. as a bod},. in accordance w'ith Part 4 of the Charities (Account5 and Keport51 Kegulations 2008. OUT audit i¥ork has been undertaken so that i¥e might state to the charitsble company'% tru%tee8 tho%e iMatier8 i￿e are required t(1 8late 10 them in an audiior%' report and for n() oiher purw%e. To the t'Lille%t eKteni permitied bi law, li'e do not accepi or a%%ume re%p(>n%ibilit) io anlone other than the charitable compan and thc charitablc companN"S trustccs as a bod}, for our audit i4'ork, for this rcporL or for thc opinions wc hai'c formcd. 'iclscns StatutorN Auditors Lligible to act as an auditor in tei'ms of Section 1212 of the Companies Act 2006 I'he Gatehouse 453 CranhrÉ)ok R()ad Esscx Iti2 6BW Date: .15.. April 2025 Page 7 Docusign Envelope ID.. 1D458eFC-99184COF-967E-A68D3AB91919 UT FoundAtion UK Llmited Stat¢mcnt of liinamcial ActivitlC5 oratin an Incom¢ and b'x cndilure Account for the Year Ethded 31 Detember 2024 Incor 31.12.24 Total 31.12.23 Total tunds lJnre%tricted Re8iriLted Notes INCOME AND ENDOWMENTS FROM Donations and legacies 12.163 1.56¥,200 1,580.363 1,599.619 Tnijestmcnt income Othcr income 309 751 4.453 Ttstxl 12.176 1,568,509 I,i80,685 1.604.823 EXPENDITURE ON Charitable activities Cirani% its Educatii)nal In81ilulion8 3,244 1,538.100 ,i41,344 1,595.191 Other 9,088 30.409 39,497 9,179 Totsl 12.332 1.568.509 ,580.841 1.604,370 NET INCo￿lE/[EXPENDITuREl Ili61 453 RECONCILI.4TION OF FUNDS 1.otal fund5 brought torn¥ard 5.422 5.423 4,970 TOTAL FUNDS CARRIED FORWARD 5.266 5,267 i,423 The llOL¢S foTIM parl of ihese finai)¢ial siateiments Page 8 Docusign Envelope ID.. 1D458eFC-99184COF-967E-A68D3AB91919 UT Foundition LIK Llmited Balance Shect 31 l)¢ccmb¢r 2024 31.12.24 31.12.23 .1 otal Unrestricted tun(L Restricted Notes CURRENT ASSETS Cash at bank and in hand 5,266 5.267 5.423 NETCURRENT ASSETS 5.266 5,267 i,423 TOTAL ASSETS LESS CURRENT LIABILITIES 5,266 5.267 5.423 NET ASSETS 5,266 5,267 5,423 FUNDS Unrestricted funds Kesti'icted funds io 5.266 5.422 TOTAL FUNDS 5.267 5,423 The Lharitable Lompany is entitled to exemption fiDm audit under Section 477 of the Compwiieb Act 2006 for the }'e&r ended I l D¢L¢rnber 2024. Thc mcmbcrs havc not dcpositcd noticc. pursuant to Scction 476 of thc Companics Act 2006 rcquiring an audit of thesc financial statements. I'he tru5t¢es acknowledgc their re5pon5ibilitle5 for lal ¢n5uriiig ihai the LhJrildbl¢ L(ImpJny keepb ai¢ouniii)g reioTds ihai ¢ompl)' with Se¢iion$ 386 and 387 of ihe Companie8 Aei 2006 and preparing financial siatements ￿'hICh give a true and fair view of the stat¢ of affairs of the charitable company as at the end of each finaiiLial year and of its surplus or deficit for each financial >'ear in accordance ￿'1th the requirenients of S¢ctiunb 394 and 395 dnd i¥liiLli other￿]5¢ coinply ii'ith tht requireineiits of the Lutnpdnieb ALt 2006 r¢lrfltin¥ ¢() finJnLial btat¢rn¢ntb. so fur <15 appliLabl¢ til th¢ ¢hJritubl¢ L(?tnpIIll￿. Ibl Thcse tinancial statcmcnts havc becn auditcd undcr thc rcquircments of Scciion 145 ot thc Charitics Act 2011. I'he financial statements i¥¢r¢ approved by the L4oaTd of'l rustee5 and authori5￿ for issue on signed lis behaifbv: .15. April 2025 and iN'eT¢ T J PeriLh- Tru%iee The foTIM parl of ihese finai)¢ial siaiemei)ts Page 9 Docusign Envelope ID.. 1D458eFC-99184COF-967E-A68D3AB91919 UT FoundAtion UK Llmited Cash Tr low Statcni¢nt for the Ycar b:nd¢d 31 1)cc¢mber 2024 31.12.24 31.12.23 Note5 Cash flows from operating activities Cash gcncrdtcd from OFcrations 4781 2981 Net cash used in operating activities 147111 129111 Cash floms from investing httivities Intere8t reteiNed 322 751 Net cash proiided b> investing activities 751 Change In e*sh J)nd tash equlvalents I the reporting period Cash and cash equivalents fit the beginning of the reporting period 11561 453 5.423 4.970 Cash and cash equivalent5 at the end of the r¢ptsrting period 5.267 5.423 The foTIM pari of ihese finai)¢ial siaieiMei)ts Page 10 Docusign Envelope ID.. 1D458eFC-99184COF-967E-A68D3AB91919 UT FoundAtion UK Llmited otcs to the Cash bloiv Stat¢ni¢nt for thc Tr'car b.ndcd 31 1)cc¢mb¢r 2024 RECONCILIATION OF NET IEXPENDITUREIIINCOME TO NET CASH FLOW FROM OPEIUTING ACTIVITIES 31.12.24 31.12.23 N¢t l¢xp¢nditur¢llin¢o]n¢ for th¢ rcporting p¢riod l#s p¢r the St*tement Of Fithantial Attivitiesl Adjustments for.. Tniere%t reLeived 453 13221 1751) Net cash used in operat10115 14781 12981 ANALYSIS OF CHANGES IN NET FUTrJDS Atl.1.24 Cash flow At31.12.24 Net cash Cabh Jt bJiik and in hand 11561 5,267 1561 Total j.4?3 11561 i.267 The foTIM parl of ihese finai)¢ial siateiMei)ts Page 11 Docusign Envelope ID.. 1D458eFC-99184COF-967E-A68D3AB91919 UT Foundition LIK Llmited Jotcs to tli¢ Tr iiiancial Stat¢rnciits for the Tr'car b.ndcd 31 1)CC¢Tnb¢r 2024 ACCOUNTING POLICIES Basis of preparing the fillancial statements The tinancial %thiemenis ol'the chariiÉ1ble Lompany. Ivhich 18 a public benetii eniil), under FRS 102. have been prcparcd in accordancc ivith thc Charitics SORP IFRS 1021 'Accountin8 and Rcportin8 bN Charitics.. Statcmcnt ot- Recoinniended Practice applicable to charities preparing their accounts in accordance M'itli the Financial Reporting Standard applicable in tht UK and Republic of Ireland IFRS IU21 (effective l Januar). 20191,, Financial Repttrtiiig 8iandJrd 102'The FinanLial Repi)rling Standard appliLable in Ihe IJK and RepubliL ttf Treland, the CoinpÉ2nics ALI 2006. The tinanLial statciments hai'c bLYn prcparcd undcr IhL hisiorieÉ21 cost Lonb'cntion. Inoome All income is recognised in tlie Statement ot l.inancial Actii'ities once the charit>. has entitleinent to the fund5. It 15 probable ihat the incornt will be receiTred and the amount can be rneasured reliablN. Expenditure Liabilitics arc rccogniscd as cxpcnditurc as soon as thcrc is a Icgal or constructii'c obligation committing the charity to that expenditure, it is probable that a transfer of economic benetits i¥ill be required in settleinent and the amount of the obligation can be measured reliably. Lxpenditure is accounted for on an accruals basis and ha5 b¢¢n Ll4ssifi¢(l un(ler heading5 that 4ggregate all Lost iylatui tu th¢ Lutegiirv. Where Losts Lxnnot b¢ JireLtIv atlributcd to partiLular headings ihc> havc bccn alloLalcd to acliviiics on a basis consisicnt with thc use ot rcsourccs. (iranls oftered subject to conditions iihich hai'e not been Tnet at the veaT end date are noted as a comrnitrnent but not accrued as expenditure. Tai#tion Thc charity is cxcmpt trom corpordtion on its charitablc 8CtiN'itics. Fund hecounting Unre5tTicl¢d funds Lan b¢ used in x¢Lordance with the charitabl¢ (Ibj¢¢tiN'eb at the (lisLr¢tion (If th¢ trubtees. Rcstrictcd tiinds can onl}, bc uscd for partlCLilar rcstrictcd purposLs w.ithin thc objccts of thc charit>,. Rcstrictions arise w.hen specitied by the donor or w.hen funds are raised for particular resti'icted purposes. F'ui1her explanation of the nature and purpose of each fund is included in the notes to the fjnancial statements. DoNATIO￿s AND LEGACIES 31.12.24 31.12.23 l)onations l)(In(It¢d 5¢rviLeb ￿l￿d f￿1¢ll1t1¢ts l.i71.529 8.8)4 1.590.726 8.893 1,580,363 1.599.C)19 Page 12 continued... Docusign Envelope ID.. 1D458eFC-99184COF-967E-A68D3AB91919 UT Foundition UK Llmited Notes to th¢ liinancial Statemcnts - coMtiMued for the Tr'car b:Thdcd 31 1)CC¢Tnb¢r 2024 INVESTI¥IENT INCOME 31.12.24 31.12.23 Deposit account interest 322 751 CHARITABLE ACTIVITIES COSTS Grant funding of actil'ities Isee note 51 Grants to Educational Institutions 1,541.344 GRANTS PAI'ABLE 31.12.24 31.12.23 Grants to Lducational Institutions l.i41,J44 1,595.191 SUPPORT COSTS (10￿'tr￿4￿le Fiiianee Tthial% Other resources expended 3D.663 8,834 NET INCOMEI{EXPENDITUREI Net incom&l¢xpenditurel is 5tsted after chargintylcreditingl.. 31.12.24 31.12.23 Auditors, remuneration AuditOTS' r¢rnuneration for non audit work 1,200 960 i.o¥u 960 TRUSTEES, RENIUNEIi4TION AND BENEFITS Th¢T¢ were n(} Irusle¢s' Temull¢Tativn or (Itlier b¢n¢fits fvr the ycar ¢n(led ) l D¢Lemb¢r 2024 n(IT fur th¢ v¢ar ended 31 DeL¢mbvr 2023. Trust¢¢$ ¢xp¢th$¢s Th¢re iN'¢r¢ no trust¢e5' exp¢n5¢s paid fur the i'¢ar ended 31 Dec¢Thb¢r 2024 nur f(Ir the ende(I i l Deeeimher 2023. Page 13 continued... Docusign Envelope ID.. 1D458eFC-99184COF-967E-A68D3AB91919 UT FoundAtion UK Llmited Notes to thc liinaiicial Statcmcnts - continued for the Ycar b.ndcd 31 1)cc¢mb¢r 2024 STAFF COSTS There A￿ere no %tatT(x)8t% for the lear ended 31 DeLember 2024 nthr for the Jear ended ) l December 202). io. mOvE￿IENT IN FUNDS Net tni)iiemeni in funds At 31.12.24 Ai 1.1.24 Unrestritted funds Lducation 5.422 (1561 5.266 Restrieted funds Share capital TOTAL FUNDS 5.423 11561 5.267 Net moNement in funds, included in the aboi'e are as folloi¥s'. Incotning r¢K)urc¢s Resource5 ex￿￿(1¢￿ Movement in t'unds Unr¢$tri¢ted funds Education 12.176 112.3321 Restrieted funds F.(lu¢atiun 1.568.509 11,i68.i091 TOTAL FUNDS 1.580,685 11.580.841) Compxratlwes foy movement funds Net tnuiieinent in fui)d% At 31.12.23 Ai 1.1.23 Unttstritted funds Lducation 4,969 453 5,422 Restricted fund5 Share capital TOTAL FUNDS 4.970 453 5.423 Page 14 continued... Docusign Envelope ID.. 1D458eFC-99184COF-967E-A68D3AB91919 UT Foundition UK Llmited Notes to th¢ liinancial Statemcnts - coMtiMued for thc Tr'car b:Thdcd 31 1)CC¢Tnb¢r 2024 io. MOVEMENT IN FUNDS- tothtithued C()iMparative nei moilleiment in tund8. included in the aEK)ve are a8 folloi4'%-. Incomin8 resources Rcsourccs expended Movcmcnt in tunds Unrestricted fund5 Education 34.823 134.3701 453 Restrieted fufftds Lducation 1.570.000 {1.570.0001 TOTAL FUNDS 1,()04.821 {1,604.1701 RELATED PARTY DISCLOSURES I l Thc Llnii'Lrsity ot'TLKas Foundation, Inc., a not tor protii rcgisicrcd charity in thc Statc of Tcxas, USA and is the ultimate controlling part), and beneticiar>' ot the charitablt donations rnade b), the compan! and it btars the annual audit and accountanc* costs amounting to £?04012023 -£20401 of ￿hICh audit fees N4.ere £1.08U (2023 £1,080). It also conti'ibuted £6,674 (2023 £6,683) towards the charity's finance and administration costs.'I"hese L()nlributlOllb ￿lTe T¢L(Ir(led pari (Il-viher inL(Ime iii tli¢ ￿l¢l(lUn1s. 21 Rcstrictcd funds includcs £1 rcprcscnting thc issucd sharc capital of the compan),. bcing thc fully paid I Foundation Inc.ordinary share of Ll allotted and issued to The Unii'ersity ot Texa5 Foundation. Inc. 3} Con501idxted financial staternents of the Univei'51ty of Texa5 Foundation, Inc. for the period5 en(ling 31 D¢Letnber 2022 unilardb, tnliy b¢ vbtain￿ from th¢ S¢¢r¢t¢WV ur online at wi¥w.utxf.org. Page 15 Docusign Envelope ID.. 1D458eFC-99184COF-967E-A68D3AB91919 UT FoundAtion UK Llmited Dctail¢d Statcmcnt of liinancial Actii'ities for the Ycar b.ndcd 31 1)cc¢mb¢r 2024 31.12.24 31.12.23 INCOME AND ENDO14,￿IENTs Donations and l¢g#cics Donations Donated 5ervice5 and facilities 1.571,529 1.590.726 8.893 1,580.363 1.599,619 InVest￿eTIt income Deposit account interest 322 751 Other income F.XLhange differ¢nLeb 4.453 Total incoming resource5 1,580.685 1.604,823 E.XPENDITURE Charitable activities Granis to Uniwersit}' ot'Texas 1,541.344 I,i95,191 Support tosts Finance Bank Lharge EKchan8c ratc diftcrcncc 3)4 30,309 486 30.663 486 Governance ¢0sts Audili)I'%' remun¢rdlion Audit()I"s' r¢mun¢raiiiin for non audil work Managcmcnt & Administration 1,200 960 6.674 1.080 960 6,653 8.834 8.693 Total resoui'ces expended 1.580,¥41 1.6V4.370 Net lexpenditure)lincome 453 Thi4 page does noi form part ofih¢ staiuiory financial siaiemenis Page 16 Qdocusign Certificate Of Completion Envelope Id.. 1D4586FC-99164COF-967E-A68D3AB91919 Subject". Cotnplele with DoGusign. 2811UT-2024Fin.St. for sign3ttJre.(Iwx sour￿ Enveknpe.. Document Psges.. 18 Certifitsle Pages.. 1 AuloNav." Enabled Envelopeld Stamping.. En8bl8d Time Zonè." IUTC-08."00I Pa(xfic Time IUS & Canadal Sl8tus.' Comple18d Signatures.. 2 Env8lope Originator.. Karen Pump 9011 Mountsin Ridge Dr.. Suite 150 Auslin, TX 78759 kpump@utsf.org IP A(Idress'. 24.153.214.158 Record Tracklng status-. Orlglnal 411712025 9..32.25 AM Holder. Karen Pump kpump@utxf.org Location.. Docusign Signer Events Signature Timestamp Sent.. 411712025 9'.37.'18 AM Viewed". 411812025 8."46.53 AM Signed.. 411812025 8..47..29 AM Thomas J. Perich Iperi¢h@hunitrnAK.com Security Level.. Email. Account Authentication INonel DE7F71EWEMS Signature Adoption.. PweleGte(I Style Using IP Address.. 163.116.129.118 Elactronic Record and Slgn8tur8 Dlsclosure.. Not Offer8d via Docusign In Person Signgr Evgnts Signatur9 Timgstamp Editor D01ivery Events Status Timestamp Agent Delivery Events Status Timestamp Intermedlary Dellvery Events Status Tlmestamp Certlfled Dellvery Events status Tlmestamp Carbon Copy Events ststus Timestamp Sent." 411812025 8".47.31 AM Sarah Collin ch£rilyseMcesuk@yahoo.corn Security L8v81.' Email, Account Auth8nlicatr"on (Nonel Electronic Record and Signature Disclosure.. Not Offered via Docusign COPIED Witngss Evgnts Signature Tim9Stamp Notary Events Signature Timgstamp Envelope Summary Events Envelope Sent Certified D811v8md Status H8she(UEncrypled Security Checked Security Checked Security Ch8ck8d Timestamps 411712025 9..37..18 AM 411812025 8.'46".53 AM Signing Cotnplete Comple18d 411812025 8..47."29 AM 411812025 8'.47..31 AM Payment Events Status Timestamps