2025-08-31-accounts - Stanford Foundation (UK) Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

REGISTERED COMPANY NUMBER: 14435141 (England and Wales) REGISTERED CHARITY NUMBER: 1205014

Report of the Trustees and

Financial Statements for the Year Ended 31 August 2025

for

Stanford Foundation (UK) Limited

Contents of the Financial Statements for the Year Ended 31 August 2025

		Page
Report of the Trustees	1	to	4
Report of the Independent Auditors	5	to	7
Statement of Financial Activities		8
Balance Sheet		9
Cash Flow Statement		10
Notes to the Cash Flow Statement		11
Notes to the Financial Statements	13	to	17

Stanford Foundation (UK) Limited (Registered number: 14435141)

Report of the Trustees for the Year Ended 31 August 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the charity are: (a) the advancement of learning, research and education, in particular at Stanford University; and (b) such other exclusively charitable purposes as the trustees may in their absolute discretion determine.

Significant activities

The charity's first full year of activities of operations yielded gifts of £1,020,307 (2024 -£78,186) which were allocated to general or designated charitable activities in accordance with the donors' wishes.

Grantmaking and Public benefit

The Charity, through its governing body, the Board of Trustees, is aware of its responsibilities as a charity to act for the public benefit across its activities and has had due regard to the latest version of the Charity Commission's public benefit guidance.

The trustees aim to allocate gifts received to enable grants to be made to educational establishments, to meet the charity's objectives. The trustees believe that the educational grants, will ultimately result in benefiting the wider public and humankind in general.

STRATEGIC REPORT

Financial position

In the year under review incoming resources amounted to £1,020,307 (2024 - £87,682) utilised in its entirety for making grants to the nominated educational establishment, being Stanford University, after meeting the charity;s administration expenses and retention of £9,669 for future expenditure.

Investment policy and objectives

In accordance with the charity's Memorandum of Association the charity's trustees have the power to invest in such investments, securities, or property as they see fit. Funds are invested in accordance with the donors' wishes and in the absence of specific requests; donations received by the charity are placed on bank deposit until distribution.

Reserves policy

To achieve its objectives, the charity has elected to donate all its incoming resources less administrative expenses to the designated institution. Therefore, all funds are utilised either for general or designated charitable purposes, and, as a policy, funds are not retained in general or restricted reserves, save to meet day to day expenses of up to £5,000.

Going concern

The financial statements have been prepared on the going concern basis as the trustees believe that no material uncertainties exist. They have considered the level of funds held together with the expected level of income and expenditure likely to be received and paid in the 12 months period from authorising these financial statements.

In their opinion, the budgeted income and expenditure, are sufficient with the level of funds held, for the charity to be able to continue as a going concern. The committee incurs financial commitments only when funds are available and there is no particular policy to hold reserve funds over and above the minimum required to meet administrative costs.

Page 1

Stanford Foundation (UK) Limited (Registered number: 14435141)

Report of the Trustees for the Year Ended 31 August 2025

STRATEGIC REPORT

Future plans

The purpose of the Trust is undergoing a transition. The effect of this transition will be a change to its business scope; since it is the Trust's intention to:

(i) undertake direct educational activities going forward as part of a Stanford University study abroad programme; (ii) for the Trust's objects to reflect its current activities more explicitly, and

(iii) to give clarity to prospective donors as to how their donations will be spent.

As a consequence of these amendments, the Trustees will be replaced with trustees with the requisite knowledge and oversight to reflect the amended scope. This amendment will be filed with the Charities Commission.

Consequently, the administration of the Trust will also transition to members of the appropriate Stanford University stakeholder to oversee the revised Trust.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, being the company's Memorandum and Articles dated 21 October 2022 and constitutes a limited company as defined by the Companies Act 2006.The company is registered as a charity with the Charity Commission since 2 October 2023.

Recruitment and appointment of new trustees

The Board of Trustees and Secretary meet regularly, and decisions are made by vote by the Trustees. The Trustees or the shareholder may elect new members as and when required, with a minimum of three trustees being required to conduct the activities.

Induction and training of new trustees

On appointment, each trustee is given, in the view of the board, sufficient training and has sufficient knowledge of their specific field to understand the nature of the charity and is fully compliant with the charity's current view of its progression and given a copy of the UK Charity Commission's publication 'The Essential Trustee: what you need to know and what you need to do' and agrees to follow it.

Related parties

1) The ultimate controlling party is the board of trustees of Leland Stanford Junior University, USA, an educational establishment in the USA, who are the holders of the 1 ordinary share of £1, issued, allotted and fully paid-up share in the company. The £1 share capital is included in general funds, the charity being prohibited from making dividend distributions.

2) Leland Stanford Junior University bears the annual accountancy and administrative costs of the charity which amounted to £9,274 in the period, including £1440 for accountancy.These contributions are recorded as donated services in the accounts.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

14435141 (England and Wales)

Registered Charity number

1205014

Registered office

C/O Eileen Flood 19 Norcott Road London N16 7EJ

Page 2

Stanford Foundation (UK) Limited (Registered number: 14435141)

Report of the Trustees for the Year Ended 31 August 2025

Trustees

D Bizer J Good S Haldea K L Kearney C M L Marion

Auditors

Nielsens Statutory Auditors The Gatehouse 453 Cranbrook Road Ilford Essex IG2 6EW

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Stanford Foundation (UK) Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

there is no relevant audit information of which the charitable company's auditors are unaware; and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, Nielsens, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Page 3

Stanford Foundation (UK) Limited (Registered number: 14435141)

Report of the Trustees for the Year Ended 31 August 2025

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 16 June 2026 and signed on the board's behalf by:

J Good - Trustee

Page 4

Report of the Independent Auditors to the Trustees of Stanford Foundation (UK) Limited

Opinion

We have audited the financial statements of Stanford Foundation (UK) Limited (the 'charitable company') for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the charitable company's affairs as at 31 August 2025 and of its incoming resources and application of resources, including 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.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' 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 to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
the charitable company has not kept adequate accounting records; or
the financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit.

Page 5

Report of the Independent Auditors to the Trustees of Stanford Foundation (UK) Limited

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Any fraud or irregularity of a material amount is likely to be detected whilst conducting our routine procedures.

Based on our understanding of the charity and the sector in which it operates, we identified that the principal risks of noncompliance with laws and regulations related to the acts by the charity, which were contrary to applicable laws and regulations including fraud, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements. We evaluated trustees' incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to inflated income.

Audit procedures performed included: review of the financial statement disclosures to underlying supporting documentation, enquiries of management and review of internal reports in so far as they related to the financial statements, and testing of journals and evaluating whether there was evidence of bias by the trustees that represented a risk of material misstatement due to fraud.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 6

Report of the Independent Auditors to the Trustees of Stanford Foundation (UK) Limited

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

for and on behalf of Nielsens Statutory Auditors Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 The Gatehouse 453 Cranbrook Road Ilford Essex IG2 6EW

16 June 2026

Page 7

Stanford Foundation (UK) Limited

Statement of Financial Activities

(Incorporating an Income and Expenditure Account) for the Year Ended 31 August 2025

Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 EXPENDITURE ON Charitable activities 3 Grants to Stanford University Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Year Ended 31.8.25 Unrestricted fund £ 1,020,307 1,079,166 17,536 1,096,702 (76,395) 86,064 9,669	Period 1.11.23 to 31.8.24 Total funds £ 87,924
		- 1,861
		1,861
		86,063 1
		86,064

The notes form part of these financial statements

Page 8

Stanford Foundation (UK) Limited (Registered number: 14435141)

Balance Sheet

31 August 2025

		31.8.25	31.8.24
		Unrestricted	Total
		fund	funds
	Notes	£	£
CURRENT ASSETS
Debtors	10	505	464
Cash at bank		9,164	85,600
		9,669	86,064
NET CURRENT ASSETS		9,669	86,064
TOTAL ASSETS LESS CURRENT
LIABILITIES		9,669	86,064
NET ASSETS		9,669	86,064
FUNDS	11
Unrestricted funds		9,669	86,064
TOTAL FUNDS		9,669	86,064

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.

The financial statements were approved by the Board of Trustees and authorised for issue on 16 June 2026 and were signed on its behalf by:

J Good - Trustee

The notes form part of these financial statements

Page 9

Stanford Foundation (UK) Limited

Cash Flow Statement for the Year Ended 31 August 2025

			Period
			1.11.23
		Year Ended	to
		31.8.25	31.8.24
	Notes	£	£
Cash flows from operating activities
Cash generated from operations	1	(76,396)	86,063
Tax paid		(41)	(463)
Net cash (used in)/provided by operating activities		(76,437)	85,600

Change in cash and cash equivalents in
the reporting period		(76,437)	85,600
Cash and cash equivalents at the
beginning of the reporting period		85,600	-
Cash and cash equivalents at the end of
the reporting period		9,164	85,600

The notes form part of these financial statements

Page 10

Stanford Foundation (UK) Limited

Notes to the Cash Flow Statement for the Year Ended 31 August 2025

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
Year Ended 31.8.25 £ Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) (76,395) Adjustments for: Increase in debtors (1) Net cash (used in)/provided by operations (76,396)	Period 1.11.23 to 31.8.24 £ 86,063 -
	86,063

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.24 Cash flow At £ £ Net cash Cash at bank 85,600 (76,436) 85,600 (76,436) Total 85,600 (76,436)	31.8.25 £ 9,164
	9,164
	9,164

The notes form part of these financial statements

Page 11

Stanford Foundation (UK) Limited

Error Messages from the Cash Flow Statement for the Year Ended 31 August 2025

** CURRENT YEAR - MOVEMENT IN CASH AND CASH EQUIVALENTS AS CALCULATED IN CASH FLOW STATEMENT DOES NOT AGREE TO MOVEMENT PER BALANCE SHEET COMPARE MOVEMENT ON CASH FLOW STATEMENT (76,437) TO MOVEMENT PER BALANCE SHEET CASH AND CASH EQUIVALENTS (76,436)

Stanford Foundation (UK) Limited

Notes to the Financial Statements

for the Year Ended 31 August 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

STATUTORY INFORMATION

Stanford Foundation (UK) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, charity number and registered address can be found in the report of the trustees.

The presentation currency of the financial statements is Pound Sterling (£).

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

continued...

Page 13

Stanford Foundation (UK) Limited

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

2. DONATIONS AND LEGACIES

Donations Gift aid Donated services and facilities 3. CHARITABLE ACTIVITIES COSTS Grants to Stanford University 4. GRANTS PAYABLE Grants to Stanford University 5. SUPPORT COSTS Management £ Other resources expended 1,440 6. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): No description	Finance £ 14,746	Year Ended 31.8.25 £ 886,091 130,662 3,554 1,020,307 Year Ended 31.8.25 £ 1,079,166 Governance costs £ 1,350 Year Ended 31.8.25 £ 1,350	Period 1.11.23 to 31.8.24 £ 78,186 463 9,275	Period 1.11.23 to 31.8.24 £ 78,186 463 9,275
			87,924
			Grant funding of activities (see note 4) £ 1,079,166
			Period 1.11.23 to 31.8.24 £ -
			Totals £ 17,536 Period 1.11.23 to 31.8.24 £ -	Totals £ 17,536

continued...

Page 14

Stanford Foundation (UK) Limited

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the period ended 31 August 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the period ended 31 August 2024.

8. STAFF COSTS

There were no staff costs for the year ended 31 August 2025 nor for the period ended 31 August 2024.

The average monthly number of employees during the year was as follows:

9.

		Period
		1.11.23
	Year Ended	to
	31.8.25	31.8.24
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted
		fund
		£
INCOME AND ENDOWMENTS FROM
Donations and legacies		87,924
EXPENDITURE ON
Other		1,861
NET INCOME		86,063
RECONCILIATION OF FUNDS
Total funds brought forward		1
TOTAL FUNDS CARRIED FORWARD		86,064

Page 15

continued...

Stanford Foundation (UK) Limited

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Tax 11. MOVEMENT IN FUNDS At 1.9.24 £ Unrestricted funds General fund 86,064 TOTAL FUNDS 86,064 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 1,020,307 TOTAL FUNDS 1,020,307 Comparatives for movement in funds At 1.11.23 £ Unrestricted funds General fund 1 TOTAL FUNDS 1 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 87,924 TOTAL FUNDS 87,924	31.8.25 £ 1 504 505 Net movement in funds £ (76,395) (76,395) Resources expended £ (1,096,702 ) (1,096,702 ) Net movement in funds £ 86,063 86,063 Resources expended £ (1,861) (1,861)	31.8.24 £ 1 463 464 At 31.8.25 £ 9,669 9,669 Movement in funds £ (76,395) (76,395) At 31.8.24 £ 86,064 86,064 Movement in funds £ 86,063 86,063

Page 16

continued...

Stanford Foundation (UK) Limited

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

12. RELATED PARTY DISCLOSURES

1) The ultimate controlling party is the board of trustees of Leland Stanford Junior University, USA, an educational establishment in the USA, who are the holders of the 1 ordinary share issued,alloted and fully paid-up share in the company, issued during the period. The £1 share capital is included in general funds, the charity being prohibited from making dividend distributions.

Page 17