UK FRIENDS OF WASHU LIMITED Unaudited Annual Report and Accounts 30 June 2024 Comp8ny Limited by Guar8ntee R8gislr8tion Number 13567757 (England and W81881 Charity R8gistration Number 1200416
Cont•nts R•port• Reference 8dministralive inforniation Tru5te88' repcwt Accounts Stalemenl of financial a¢lr¥ilies Balance sheet Prin¢i)al accounling polcies Nol•s lo t accounts UK FRIENDS OF WASHU LIMITED
Ref¢ronce and admlnlslrallvo Informatlon Tru$t••• Tamitynn Holder Sleven Le¢)f Vijay Ramani Russell James Shaw Brènda Lynn Zelin SKrntsry Sarah Ccllin R•gl8tered office 99 Durlslon Slwt London United Kingdom E5 8RP Company reglstrailon number 137757 (England and W*lès} Charlty r•9lstratlon number 12fx1416 8ank•rn BK ofAmerica 2 King Eth•Mrd Streel London EC1A IHa UK FRIENDS OF WASHU LIMITED
Trustges, rgport 30 Jun• 2024 The Twslees of UK Fiiends of Washu Limited present their reporl and the accounts of the chanlable company for the year ended 30 June 2024. Thè comparaiive period relates to period from 1 S8ptamb8T 2022 to 30 June 2023. Thls ret#xi ha$ bggn prepafed In xcordan¢e wth Part 8 oflhe Charilles Act 2011. The financial statements have been prepafed in accordarKe with the accountirvJ policie8 set oul on pages 7 and 6 of the altached financial statements and compty wilh the Memorandum and Artides ol Association, apph'cable laws and AecountiThJ and Reporting by Charities.. Statement of Recommended Practice appIe lo eh8ri1s preparing their accounts in aCT(lanCe with the Financial Reporting Standard apphcaLqe in the United Kwigdom and Republic of Ireland IFRS 1021. Structur•. gov•rnanc• and m•nag•m•nt ConsbtulA7n UK Friends of Washu Limrted 1$ a wislered charity. Charity Registration Number 12(W16, and also a company limited by share capital, Company Regislr?lion Number 13567757 (England and Wales). Washington Unfverslty 1$ Ihe sole shareholder of the company's share capital ol £1. TTusla•s The Twslee$ constitute diwlors of the company for thè puiposes of the Companie5 Act avKI Irustees of the charity lor Ihe purposes of tharity legislalim. The following Trusteès were in offitE at 30 June 2024 aThJ served Ihroughovt the year under review. Trn$t••# Tamitynn HolJ8r steven Leol Vliay Ramani Rus1 Jam Shaw 8rnnd• Lynn Z•lin The Twslees have the power at any lime to appoirbt any Pefson to be a Tru$lee of the dritable mpanY. The Trustees comprise the key managèmènt pérsonnel of thè drity. There are no employees of the charity. Oblg¢llvo$ and a¢llvlll Thè principal aCtlty of the eharitabla company is lo raise funds lo Support the advancemenl of leaning. fesearch and education in parlicular at Wa51"ng10n University ill Sl Lcwis. During the year. the ¢harity donaltrd a lolal of£79,246 10 the Univèrslty. UK FRIENDS OF WASHU LIMITED
Trusta88' report 30 June 2024 Baiow is a brief overyitrw of the funds SLtpported within the Univtrsrty from donatlons grantad trom UK Friends ofwashu. Aurnlla 8•nn•tt Rwarch Fund The Aurelia B&M8tt Research Fund is an expendable (und in Ihe Department of Orthopa¢di¢ Surgery in the School ol MedicAne. The fvnd providès swport lor research in conpnital upper limb differ8rKes. currentty conducted by Dr. Charles Gddlarb. Dr. Goldlarb 1$ a leading researcher eommitted to Imyoving tho lives of chldren with hand
nd upperexlremity diff¢rgn¢8s.
Publk bnlt The Truslèès have had regard lo Ihe Charity Comrni88ion's guldance which sets oui Ihe requifements for charities to demonslrale that thelr alms and aclbvilies are for the wblic benefil. Flnanclal rnvlew Duiin9 Ihe y•ar to 30 Junè 2024. the charity recebved th)nall)ns (including donated seryices) of£93.722. Expgndrfure for the year totalled £93,641 the maioiity of which relat lo yranls made to Washington Unlvernty and the balanc& felaling lo bank charges admlni8tralive expenses. The funds ofthe Ch a130 J¢ 2024 totalled £2.631. Rts•M8 poll¢y The Truste$ have rewwed the requirement of the charity for reserves and have determinèd that Ihe level of funds allows the charily to underlako ils luture ¢h8i*abl• adiwiies as a granl giving entity. Rl8k managem•nt The Trus16es regularly review the risks facing thè ¢hwity and en$yr& Ihal nNligaling controls are in place. As a grant giyin9 charily. the rnain risk5 conliols relate lo the spend of th• indiwdual grants by thé reeipienl organlsalions for charitable purposes. UK FRIENDS OF WASHU LIMITED
Tru•(. r•port 30 Je 2024 stst•m•nt of twste•$' r••pon•lblllll The charilabla company's trustats (who are also dirédors ol the charity for th8 purposes of c¢mpany law) arè f•SKh)nsiblè lor preparing Ihe annual report and financkal ststgmgnts in a¢cordance wilh applicable law an d United Kingdom Generally Accepted Accounliry Practice. Company law rgquirg$ the tru$tsg5 to prepare financial slalements for eath financyal perio(1 vthich pve a true and fair view of Ihe slate ol affair5 01 UK Friends of Washu Limitèd and of it$ income and expenth.ture lor the fThncial period then ended. In pteparing thes6 fanCIal slalemenls, the tru$t¢e$ are roquirgd lo: sèlttl lblO aecounting policies and then 8ppty them consislenlly., obsow the mglhods Pr1rlF4e$ in Accountir4J and Reportiig by Charities.. Statèmènt of Recommended Prartice applicalAe lo charities preparing their aco)unts In accordance with thé Financi Reportry Stsndard apph'cable in thè United Kingdom and Republic of Ireland {FRS 102>," makgjudgements 8nd eslimales that are r•asonabl• and prud8n( Slate whelher applicable UK accounting standards have been followed, $utygCt to any material departures di5¢1o$ed ond fjxplained in the financial sialements". preparè the finan¢l staternents on the g0119 concern basis unless il is inapproprHte lo presume thal the ¢harty will continue in operation. The truslaas arè responsible kn maintaining Pfopèr accounting records which disclo$e Wbth feasonable accuracy al any Ilme the finantaal position of the charitable fflpanY and whth enAe them lo ensure that the financial stalemenls comFty with th8 Companies Act 20[. The Iru518e5 arg also responsible lor safeguarding the 8sselg ol the chItable company and hence for taking reasonable Steps for the wevenlion and delectson of fraud and olher irregularities. report has been preparèd kn accordance With the special provisions for small Comples. Swjned on tehalfof the Tru51995 by.. Tamilynn Holder AwKoved by the Tntslees on.. 202q UK FRIENDS OF WASHU LIMITED
Statsm•nt of flnan¢lal activiti•8 Year lo 30 June 2024 Unr•$1 fvnds 2024 2023 Totsi Total ¢•m• •nd •xpenditur• 93,722 93.722 5.409 5.409 Totsl In¢om• EXp•ndilU on: Charit8trAe g¢ti¥Abe5 . Grants payab tD Washin9ion UniVerty . AdMItraVe eXFrS Tgtsl gxp•ndiiur• 79.246 14,395 93.641 2,859 2.859 N•t lrnvm• l w•tmoO¢ kn fvnd• 2.0 Fund bal•n¢•• bfowght for1 at l Juty 2023 2.550 Fund b•lanc•s 1•d loT at 30 Jun• 2024 2,631 2,550 None of Ihe charitls actr¥ili&s were acquired or permanenity diseonlinued duriThJ Ihe above Iwo finala1 peiiods. The charity has no recognisèd gains and losse$ olher Ihan thos6 shown above and th8rèfore no separate slatemenl of lolal re¢ognised 9aln$ and h)sses has been presented. UK FRIENDS OF WASHU LIMITED
Balanc• 8h••t 30 June 2024 2024 2023 ¢wr•nt ••ts Coth •1 b•nk Debtors- unwj share caprtal N•1 ¢Ufrnnt 2,631 2.550 2.632 2.551 N•ta$g•1• 2.632 2.551 R•Ffft8ented by: Fundj and r•g•rv UnrèstilEd funds . Genernl lund 2.550 8h•rn ¢•pltal 1 ordinary 5hof• of £1 wied by Washinglon UmoNty 2.632 2.551 These &nIS hav• bon preparid in accorda wrth thg special provi$ions of the Companiwts Aet 20 relating lo small ¢omp8nSes. For Ihe financial ar ond&d 30 June 2024 the chaiitable c(ffipany wa$ enlrfled lo exemptlon from audit undw section 477 of Iha Companies Aet 2006,. arml the Members have nol required thè charrtable company to obtain an audit in acwdance with $e¢tion 476 01 Ihg Companies Ad 20. The Trusteès. as directors of thè charitable company for Ihe pu03e$ of company law. acknowlellge their responsibilities lor ensuring thal the charitable company keeps a¢counthng records which comply with section 386 and for preparirwj acunIS which 9ive a Irue and fair view of the stale of affalr$ of the ¢harilablg Company as at Ihe end of the fw)ancAal ye¥ and of rts surrAus or defifyl for the ffin8n¢i81 year in Ndance wrfh the reIreMents of secb'ons 394 and 395 and which olherwise compty with the iequiremenls of the C(Thp8nles Ad 2[fj ielaling lo small ¢ompanies. ApFrf¢)v*d by Ihè Tru$teos and signed on its behalf by.. Tamilynn Holder Approved on.. C•i6JJ 027 Company number 13567757 UK FRIENDS OF WASHU LIMITED
Prlnclpal accountlng pollcles 30 June 2024 Th8 principal a¢eounlirvJ polides adopted. judg8mènls and key sourc0$ of eslwnalion wKertainty n the preparation of Ihe ffinancial statements are lad out bebw. 84¥i$ of prnp•rntion These fincial statements have bgen prepared for the year 10 30 June 2024. The finCl statements have been prepared In accordance with Accouning and Rerling by Charits'. Slatemenl of Recommended Practice apPIable to ch8ri1ie$ eparing their wunts in accordanc• with th8 Financial Rewling Standard applicable in the United Klngdom and Republic of Ireland (FRS 1021 (Charili8s SORP FRS 1021, the Financial Reporting Starard applicable in the UK and Republic of Ireland IFRS 1021 and the Charitbes Act 2011. The fmanrAal statements have beon propared Imder Ihe historical cost convents"on. The ¢h¥rity conslilules a publi¢ benefil entity as defined by FRS 102. All financial information is presenled in British Pounds Sterling {£1, Ih? tharity'$ furKti¢)nal rren. and has been rounded lo the nearest pound 1£). A8•e•8m•nt of golny con¢om The Tru$tee$ of Ihe ¢harity have not idènlified any mat•rial urtaInt18S r8laling to ev8rils or condilKJns that may cast $1gnifl¢ant d¢)ubl on the ats'lity of thé chariiy to continue as going concern. Statsm•nt of cash flows The accounts do nol includ8 a slalem8nl of cash Ilows because the charity, as a smal rertIng enlity, Is exwnpl from Ihg requirem8nl to PTepar9 a $tatemenl. In¢om• Income 1$ recognis¢d in Ihe pèriod in which th& Charity is entitd to receipl and the ourt w be measured wilh rèasonablè cartainty. Exp•nditur• Eypendllure. including grants payable. is recognised once thère is a lègal or constr118 obligation lo make a payment lo 8 third party. it 1$ probablg Ihal settlement will be required and Ihe am01 of Iho obligalion be moasured reliaity. 11 includes VAT which cannot be recovered. Expen¢thture on charitable activities cornpri3e¥ grants payable and related wpport and governance costs. Cash at bank and in hnd Cash ai bank and in hand represenls such 8¢¢0unts and instrumènts Ihal are av•l8ble on (lemand or have a malurity of less than three months from the date ol acquisition. UK FRIENDS OF WASHU LIMITED
Prln¢W a¢¢ountSn9 poll¢lo$ 30 June 2024 D•bto Debtors arè inilially reGnised al thèir 58tllemen¢ amount and 8ubs8quontly at amortised o$1 or Iheii recoverable amounl. Impairment provisions are recognised when there is 0¥g¢tivg gvwjencg, sh as syniticanl ffinancial dwficulligs on the part of Ihg ¢ounlerpaty or detsull oi a significant delay in payment, that the charity w1 be unable lo colled of the arnounls due. Prapaymonts are valued at the amount prepaid. Cr•dttorn and provlslons Creditors and provisions are renised whèn there is an obligation al the balance sh••t date as a re5utt of a pa51 event. il is probable that a transfer of e¢onomic benefit will be required in setuernenl. and the amounl of Ihe settlement can be measured or esb'maled reliabty. Creditors and piow8ions afe inilialty recognised at fair value, belng Ihe amount the charity anlicipale6 11 will pay lo setlle the debt, and subsequently al amortised cosl. Fund accounting The unrgsln.cled gfrneral fund mpriSeS Iho$e moni&s whith may bg used towards mtètlng thé Charitab obj'ecti$ of thè charity at the dIscr10n of the Tmstèès. For•lgn ¢UVMncy tr*Mlation Transactions denominated in foreign currencAes are translaled at the exchange rate prevailing on the dale ol Ihe transaction. Assets denom1rted in foreign curfency held at thè ba1c& shèèt datè arè translatèd al Iha èxchangè ratè al thè year end datè. UK FRIENDS OF WASHU LIMITED
Notè8 10 th• Ilnanclal slat•m•nts 30 Jung 2024 1 Trnle••' r•mun•rotion No Trustee ieceived any remuneration or payment for ¢xpgn$g$ in re¥Jecl of their servi¢e$ as a TnJ8lee during the year to 30 June 2024 (2023- none). 2 Tax•tlon UK FrÈends of Washu Limited is a r•gistered chaiity and Iherefor8 is not habl8 for income tax or cotporation tax on irorne dèriv8¢J from its charitable actNilies. as il falls within the varw¥ exemFrtion¥ available to registered charilies. 3 Grnnts payabl During the year end•d 30 Jun# 2024. thè tharitabla company madè 9ranls lo Washington UnNer$ity of £79.246. Washington University 18 the parent ccnpany and shareholder of UK FrndS of Washu Linited. 4 Stsff costs. tvust••a' r•mun•rntlon and th• rnmuMratEon olk•y m•n*g•m•nt personntl The charity employed no members of Staff during the year ended 30 June 2024 {2023- The kgy managenwnt personnel of the charity in charge ol directing and controling. iunning anij operating the ¢harity on a day lo day basis wnprises the trustees. No truslee recelved any remuneration or expenses in respect of their $orvi¢es as tfustees or reimbursed expenses dLsring the year ended 30 June 202412023- nonel- UK FRIENDS OF WASHU LIMITED
Indepond•nt •xamln•rfs r•port 30 June 2024 Th1$ page does not form part of the slabjlory a¢UnIS Ind•p•nd•nt•x¥mlr•rf• r•port lo th• Tru•t•• 4>f UK Frf•Thl• ofW••hV Lknlt•d I f8port on tho accounts ol lh• ththrib company for ttw y•ar •M•d 30 Jun• 2024, whkh ar• t out on paps 5 to 9. R•p•di¥• I•OnI1b11it1•• of TNit•• and •x4mln The Trustee$ (who we aL80 the dire¢tor8 of Ihe coTrwny for of company Iwl ¥ro spons for Ihe preparation of the accounts. Thè TNstees cnnsider Ihal an 18 Th)t required fof trA"s peTr)d under 6eth.on 144 01 Charit Act 2011 (the charl1$ kll arnl that an irwendenl examinM is ne•dod. Having $alo mys•lt thal th• tholity is nol subjéct b) audit under company law and Is 8lvJit4e for ind8p8nd8ntex8minabon, it is rny responstiilty bj.. examine tho accounts under sèctitin 14S ofthe Charitiès AeL" io folow Ihe prttedures la down in Ihe general DirectnS gKn by the Charity CoMmir0 under section 145l$llbl of th8 Charils Act., and k) 818le whelher p•rbcukrmatter8 have come lo my alienlion. BMI• d Ind•p•nd•rt•x•mkn•r'• r•port My einatIon was carried out in accorfance with the general 0cticS gn ty the Charity Commi$8ion. An xwnin8bgn in¢lude$ a eW ol th¢ 8¢countir¥J mIds kopt by Ihè tharity and a conwmon of lh• accourts w•s•nl•d wth thos• r•c4rrJs. It also inc$ c4)n$TrJ•r¥tion of any umJsual items or iligdosuros in th• 8¢counts. and s8•king expbnats.ons frwn you as Trus•5 concerning any such matter5. The procedvr85 ertaken do not provith 811 the eviderKe that wouh be reqUId in an audil and c4n¥equenlly no 1Th1on 1$ given as lo whgthgr tho present and lalrM6W and the report is lThiW lo thos• matters 80t out in th• 8tatW7)wt l)o1ow. knd•p0nd•Thtox•mln•l •W•mgnt eMn•elion my •xamlnab, no matt•r has com lo my I"0n.. 111 hi¢h giv•s me rnasonable cause lo belve that m any maleii•l p1th8 fewirements.. to kw acg)unting recwdy in 0CMrdp %¥ilh ¥erJ• 01 Ihg CcfflpaniesAct 26,. and to prepafe account8 which accord Vlith Ihe aCcoting r8covd5. ccmpty wlh the accounb.ng requirements ofsection 396 of the Companies Aci 20C6 and wilh th8 m8thods and prinryplBS ol th¢ Statement of Recommended PraclK4'. AcntIrrtj and RgPQrting by Chwli98 ha¥8 I1 beon met,. or 121 to wlwch. My opinion. attenknn should drawn othr to A propar ur*JeTstsnding of the Kcounts to te reach. Kathari Palel Ch8rt•i•d ACcntt 8yuawll LLP 130 lthod Street London EC2V6DL 08 January 2025 UK FRIENDS OF WASHU LIMITED 10