COMPANY REGISTRATION NUMBER.. 14738727 CHARITY REGISTRATION NUMBER.. 1206207 Tufts Global UK, Limited Financial Statements For the year ended 30 June 2025
Tufts Global UK, Llmlted Financial Statements Year ended 30 June 2025 Pag8 Trustees, annual report (incorporating the dirr'S port} Trustees, responsibilities slalement Independent audilorfs report lo the members Statement of financi81 aclivilie5 (including income and expenditure account) Statement of financi81 position Notes lo the financial stalements
Tufts Global UK, Llmlted Trustees, Annual Report Ilncorporating the Director's Reportl Year ended 30 June 2025 Th8 tru8t88s. who ar& also the directors for the purpo88s of comp8ny law, pr8sent their report and the fin8naal sl8tem8nls of Ihe charity for the ye8r en(led 30 June 2025. The prior perhxl of account was s longer period (lue to it being the period of incorporation of the charitsble company therefore prior period figures m8y not be entirely comp8rable. Refer8nc8 and administrative d8tai15 Registerod charity name Tufts Glob81 UK. Limited Charity r8gistration numb8r 1206207 Company registration number 14738727 Principal office and registered office Third Flwr 20 Old Bailey London EC4M 7AN United Kingdom The tru5te85 J Pears811 E N3har B Anderson O C Holrllstrom PJLove E Keegan M M Ghosh S Thomas111 J Sarazen Y Khl8t M N Dakin D Chigas P Mallett S M Judge Auditor Gibson Bwlh Chartered Accountsnls & Statutory Auditors New Court Abbey Road North Shepley Huddersfield HD8 8BJ Solicitors Withers LLP Third Flwr 20 Old Bailey London United Kingdot EC4M 7AN
Tufts Global UK, Llmlted Trustees, Annual Report Ilncorporating the Director's Report) {contlnued) Year ended 30 June 2025 Structurei governance and management Goveming document Tufts Global UK. Limited Ilhe 'Charity'l was incorporated on March 17. 2023 and is a registered charity. The Ch8rily is consliluted as 8 company lirlliled by shares 8nd the registered company number is 14738727. The Charity is govemed by its Memorandum and Articles of Association. which have not been arnended since incorwr8tion. Appointment of Iruslees The Articles of Associalron require thal the Charity h88 a minimurn of three trustees bul specify no maximum. The power of aptoinling new or a(Iditional Iru5tees of the Charity is vested in the Charity's sharehol(ler. the Trustees of Tuft5 College. known gs Tufts Unwersity Ithe'universityi. Trustee in(luction The Charity intends Ihat on an ongoing basis newly appointed trustees of the Charty sh811 undergo Ir8ining lo brief them on their legal oblig3tions under charily 8n(I company law.. the wnlent of the Articles of Association.. the committee an(1 decision-rnaking processes., an(1 the business Structure recent fin8naal performance of the Charty. Organisalion and related parties The strategic direction and 8dminislralion of the Charity is the re5wnsibility of the Charity's board of trustees Ilhe'Board'l. who monitor progress throughout the year and the Board. and duly formed committees, meet al such times as are required to properly discharge the business of the Charity. The Charity's sole shareholder is the Unwersity. 8 higher education institution incorporated in the Commonwealth of Massachusetts, United Stales ofAwerica. Objectives and activities The Charity's charitsble objects. as included in the Articles of Association are.. lal the advancement of learning and education in particular (but without limilatDnl 81 or in connection wlh the University in any part of the wortd.. and Ibl such other exclusively charitsble purwses under the law of England and Wales as the Trustees rnay in theirabsolute discretion deterrnine. The Charity intends to further these objects by Tnaking grants for educalional purposes for the puNic benefil (Krt of funds contributed by alumni and other donors. To support the educational ObltiVe for the public benefit. the Charity wll provide experirnental le8ming opportunitEs. including education31 seminars. field studies. guided travel and Social and extracurricular aclivily. as well as acadernic counselling and student suptort lo maKimise the educ3tional impacl of progratnmes offered. The Charity intends lo collaborate with other higher education and cultural institutions lo offer learning opportunities. The University. wlh Nvhich the Charity worts closely. offers a wide range of financial aid. grants and scholarships to students at the University. The Trustees have ward to the Charity CorDmissions public benefit guidance into account exercising powers or dutie5 to which the guidance is relevant. Achievements and performance The period under rewew ha5 been the first period of existence for the Charity and the actpiities c3rried out have been aimed at preparing a solid framework for future activities. The ditOrS have achieved their princip31 initial aim which was to establish prijcedures for the a¢p1anCe of donations and a policy prodUreS for grant rnaking. as well as the engagement of a consultsnl adtninistrator to supprrt these activities. In 34dilion. following the close of the reporting period, the Charity has continued to giwe con5ider3tion to additional tolioes 3nd comrnittees to facilitate the Charivs oterations.
Tufts Global UK, Llmlted Trustees, Annual Report Ilncorporating the Director's Report) {contlnued) Year ended 30 June 2025 Financial review The Charity is newty forme(l and is in the process of becoming operational. When operational il will be funded by donations from alumni and other donors. as well as by donations from the University to fund projected oper8ting expenses. During the year. the Charity received £152.82812024.. £7.5331 of donations and legaaes incorne lo fund the Charity's initial operations. Going Concem At the lime of rewrting. the Chgrty remains a going concem. with a strong comrnitment frorn the University. the Charitys main donor. to supwrt its projected operatnal costs. Investment powers and policy The Charity has a wi(le power of investment in respect of any assets not immedialety required in the Charity's grant makiry or other operational activities. There were no investments during the year. Reserves poIY The Charty has begun to operalionalize during the period under review a5 rt completed its estsbli5hment formalitie5. Al the titne of reporting the trustees consider the unrestricted funds of the Charity gvailable for expenditure a adequate an appropriale for the earty stsge of the Charity's operational developrllenl. The trustees formulated a reserves wlicy in December 2025 ensuring the Charity has a process in place to confirm it has adequate resources to meet ils financial needs. Auditor Each of the persons who is a Iruslee al the Llate of approval of this retort confirms that.. 80 far as Ih8y are aware, Ih8re Is no relevant audit infomation of which the charity's 8udrtor is unaware,. and they have taken all steps that IFEY ought to have tsken as 3 Iruslee to make thernselves aware of any relevant audit information and to &stabli8h Ihal the charity'8 auditor is aware of that infom2tlon. Small company provlslons This r&port ha8 been pr&tyared in attordance with the provi8ions applicaLle to Companies entitled to the small CA)mpanies exemption. Th8 trust888' annual r8POrt wa8 approved on .th.N.oY£mbRr.2Q25. and slgned on behalf of the board oftrusl88s by.. J P&arsall Trustee
Tufts Global UK, Llmlted Trustees, Responsibilities Statement Year ended 30 June 2025 Th8 trusl88s, who are also directors of Tufts Global UK. Limit8d for the purposes of company law, are r8spon8ibl8 for preparing Ihe Trustees, Annual Report and the finanal statements in accordance wrth 8pplICab Isw and Unite(l Kingdom Accounting St8nd8rds (United Kingdom Gener8lly Accepted AcCting Pr8Cticel. Company 18w requires the trustees to ppare financi81 statements for e8ch financial year. Under company law the trustees must nol approve Ihe financial slaterllenls unless they are satisfied that they give a true and fairview of the slate of 3ffairs of the charitsble wmpany and of the incoming resources 8n(l application of resources. including the income and expenditure. of the charitsble comp8ny for Ih8t period. In pparIng these financial slalements. the trustees a required to.. select suitsble 8ccounting policies 8nd then apply them consistently.. observe the method5 principles in the Charities SORP 2019 IFRS 1021., makejudgements and eslitNate5 thal are reasonable 8nd prudent.. Stale whether applicable UK Accounling Standards have been followed.. prepare the financial statements on the going concern basis unless il inappropriate lo presurne that the charitable company wll continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reason8Ne accuracy al any time Ihe financi31 position of the ch3ritable company 3n(l enable them to ensure that the financial statements comply with the Companies Act 2006. They 8re also responsible for safeguarding the assets of the charitable CoMnY and hence for taking reasonable steps for the prevention detection of fraud and other irregularities.
Tufts Global UK, Llmlted Independent Auditor's Report to the Members of Tufts Global UK, Limited Year ended 30 June 2025 Opinion We h8ve audited the finanal st8lemenls of Tufts Global UK. Lirlliled Ithe charitable comp8nWI for the period ende(130 June 2025 which comprise the statement of financi81 activities (including income and expenditure ?ccounll. statement of financial position and notes lo the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their prep8ralion is applicable law Unite(l Kingdorn Accounting Standards, including Financial Reporting Standard 102 The Fin8ncial Reporting Stsndard applicable in the UK and Republic of Irel8nd (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial 5talements'. give a ttue and fair view of the stsle of the charilaNe cornpany's affairs as al 30 June 2025. and of its incoming resources and 8pplicalion of resources. induding ils income and expenditure. for the year then ended.. have been property prepad in accordance wlh United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We con(lucted our audit in accordance with Inlematv)nal Stsndards on Auditing IUKI IISAS IUKII and applicable law. Our reswnsibilities underthose stsndards are further described in the auditor responsibilities f(Kthe audit of the financial sl8lements section of our report. We are independent of the chari18ble company in accordance with the elhic81 requirements that are relevant to our audit of the financial stsletnent5 in the UK. including the FRC'S Ethical Stsndard. and we have fulfilled our other ethical responsibilities in accordance writh these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a b8sk8 for our opinion. Conclusions relating to going concern In auditing the finanoal slatemenls. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. seLI on the work we have performed. we have not identified any material uncertainties relating lo evenls or conditions that. individually or collectively, cast significant doubl on the charitsble cornpany5 3bility to continue as a going concem for a perio(l of at least twefve months frorn when the financial 5tsteTnents are aulhorised for issue. Our reswnsibilities and the responsibilities of the trustees with respect lo going concern are describe(l in the relevant sections ofthis rewrt. Other information The other inforrn31ion comprises the infornialion included in the trustees, annual report, other than Ihe fin3ncial stslements and our auditorfs report Ihereon. The trustees are responsible forthe other inforrnation. Our opinion on the financial statements does not cover the other inforrnalion and. except lo the extent otherwise eXplilIY stsled in our report. we do not e%press any forrn of assurance conclusion Ihereon. Our responsibility is to re3d the other information and. in doing so. consider whether the other information is Mate81 inconsistent with the financial stslements or our knoedge obtsined in the course of the audit or otherwise appears lo be materially rnisst3ted we identfy such material inconsistenoes or apparent material misstatements. we 3re required lo deterrnine whether this gives rise to a rn3terial misstaternenl in the fin3nual st3ternenls themselves. W. based on the work we have performed. we conclude that there is a material misst8terNenl of this other information. we sre required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion. based on the work un(lertaken in the course of the audit.. the infotrnation gDien in the trustees. report. which inGludes the direGtors' report prepared for the putposes of Gotnpany law. forthe fin3ncial yearf(Kwhich the financial statements are prepared is consistent with the financial statetNenls.' and the directors. report included wthin the Iruslees, report has been prepad in accordance wlh applicable legal requiretnenls.
Tufts Global UK, Llmlted Independent Auditor's Report to the Members of Tufts Global UK, Limited (conllnu8dJ Year ended 30 June 2025 Matters on which we aro required to report by 8xception In the light of the knowledge and understanding of the charitsble company and ils environment obtained in the course of the audit. we h8ve not identified material misst8lemenls in the directors, report included within the Iruslees, report. We have nothing to report in respect of the followng m8tters in lation lo which the Companies Act 2006 requires us to report lo you if. in our opinion.. adequate accounting records have nol been kept. or returns adequate for our audit have not been e1Ve frorn branches not visited by us.. or the financial 5ts1emen15 are not in agreement with the accounting records and returns.. or certain disd05ures of Iruslee5' rnUneratIon 5peafied by law are not rnade.. or we have not received all the information and explan8tion5 we require for our 8udit'.or the trustees were nol entitled lo prepare the financial stslements in accordance with the sTn811 comp8nies' regirne 8nd take advantage of the small crfflpanies, exemplions in preparing the directors, report frorn the requirernenl lo prepare a strategic report. Respon5ibilitie5 of tru5te85 As e¥plained more ful in the Iruslees, responsibilities statement. the trustees (who are also the directors for the purposes of company lawl are responsible for the prepar3tion of the financial statements 3n(I for being satisfied th3t they gwe a true and fair view, and for such internal control as the trustees deterrnine is necessary lo enable the preparation of financial statements that are free from material misststerllenl, whether Llue to fraud or error. In preparing the financial slatemenls. the trustees are responsible for assessing the chariws ability to continue as a going concem, disclosing, as 3pplicable. matters rekted to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charty orto cease operations. or have no realistic 8ltefflalive bul to do so.
Tufts Global UK, Llmlted Independent Auditor's Report to the Members of Tufts Global UK, Limited (conllnu8dJ Year ended 30 June 2025 Auditorfs responsibilities forthe audit of the financial statements Our objectives are to obtain reason8ble assurance about whether the financial stslements as a whole are free frorn Tnalerpal misslatemenl, whether due lo fraud or error, and to issue 8n auditors, report Ihal includes our opinion. Re8son8ble assurance is a high level of 8ssurance. but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect material Tllisst8temeDI when il exists. Misslatemenls can arise from fraud or error and are considered material if. individually or in the aggregate. they could re8sonably be expected to influence the economic deslon8 of users taken on the basis of these financial statements. Irregularities. including fraud. are inst4nces of non-compliance wilh laws and regulalions. We design procedures in line with our responsibilities. outlined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our prOdureS are capable of detecting irregularities, including fraud, is detailed below. 8sed on our understsnding of the comp8ny and industry. we identified that the principal risks of non-compli8nce with laws and regulation5 relaled to UK tax legislat. and we considere(I the extent to which non-crmpliance tllighl h3ve 3 material effect o the financial stslements. We also considered those Isws and regulations thal have 8 direct impact on the financi81 statements such as the Companies Act 2006. We evaluated man8gerllenls incentives 8nd opportunities for fraudulent Tllsnipul8lion of the financial 5ts1ements. and determined that the principal risks v¢ere related to tnanagement bias through tnanipulalion of ccounting estimates or posting inappropriate joum81 entries. Audit w0dureS performed by the engagement le8m included.. discussions with management including consideration of known or suspected instsnces of non<orN lance wlh laws. regulation 3nd fraud.. challenging assumptions and judgements rnade by management in their signrficant accounting estimates.. testing of non-purchase and sales ledger bank Ir8nsactions', testing the appropriateness of joum31 entries.. testing of purchase invoice authoris8tions. ecause of the inherent lirnitations of an audit, there is a risk that we wll fail to detect all irregularities. including those leading to a material missl8temenl in the finanal slalements or DOnmplInCe with regulation. This risk increases the more that compli3nce with a law or regul8tion is removwj from the events 3nd transactions reflected in the fin3ncial slaternents, as we will be less likely to become aware of instances of non-compli3nce. The risk is also greater regarding irregularities rring due to fraud rather than error. as fraud involves intentional concealment. forgery. collusion. orllission or misrepresentstion. A further description of our SibIlitieS for the audil of the fin8ncial statements is located on the Financial Rewrting Council's website at Nvww.frc.org.uklaudilorsrestonsibilities. This description forrns part of the auditorfs report. Use of our report This report is made solely to the charilatle crthpanys Tnembers. as 8 body. in accordance with Chapter 3 of Part 16 of the Cornpanies Act 2006. Our audit work has been undertaken so that we might 5ts1e to the charitsble cotnpany's tnembers those atters we are required to slate to Ihem in 3n 3udilor's report and for no other purpose. To the fullest extent pertnitted by law. we do not accept or assume responsibility to anyone otherthan the charitsble company and the charitable cornpany's members hnAv forour audit work, forthi5 report. orfor the opinion5 we have formed. PJg&a F4tthyealon (Nov 5, 2025, Patrick Heaton FCA Isenvx Statutory Audilorl For and on beh31f of Gibson Booth Chartered Accountsnls & Slatutory Auditors New Court Abbey Road North Shepley Huddersfield HD8 8BJ 05 Nov 2025
Tufts Global UK, Llmlted Statement of Financial Activities {Including income and expenditure account) Year en(led 30 June 2025 Period from 17Mar23to 30 Jun 24 Year to 30 Jun 25 Unrestricted funds Restricted fund5 Totsl funds Total funds Income and 8ndowments Don3tions and legacies 59.818 93.010 152.828 7.533 Total income 59,818 93.010 152.828 7.533 Expenditure Expenditure charitable actwities 143.9351 174.1501 I118,0) 15.3681 Total expenditure 143.9351 174.1501 I118,0) 15,3681 Net income and net movement in fvnd5 15,883 18.860 34.743 2.165 Reconciliation of funds Total funds brought forward 2.165 2.165 Total funds carried foThMrd 18,048 18.860 36.9)8 2.165 The statement of financial activities indudes all gains and h)sses recognised in the year. All incorne and expenditure derive from continuing activities. The notes on pages 10 to 14fomi part of the8e fOn8ncfjal statements.
Tufts Global UK, Llmlted Statement of Financial Position 30 June 2025 2025 2024 Note Current ass8ts Debtors Cgsh 8t bank and in hand 7.578 33.210 5.105 40.788 5.105 Cr8ditor5'. amounts falling due within one year 12 13,8791 12,9391 Net cuThent assets 36.W9 2,166 Total ass8ts18ss curr8nt liabilities 36.W9 2,166 Net a5S8ts 36.W9 2,166 Fund5 of the charity Called up share capital Reslrided funds Unrestricted funds 13 14 14 18.860 18.048 2,165 Totsl charity funds 36.909 2,166 These financial st8ternenls have been prepared in accordance wth the provisions applicable lo companies subject lo the small cornpanies, regime. These financwl stslements were approved by the ard of trustees and authorised for issue 5 Novernber2025 and are signed on behalf of the board by.. J Pearsall Trustee The notes on pages 10 to 14fomi part of the8e hnanclal statsments.
Tufts Global UK, Llmlted Notes to the Financial Statements Year ended 30 June 2025 Gen8ral infomiation The charity is a public benefit enlity and 8 private company limited by guarantee. registered in England 8n(I Wales and a reglstered charity in England and Wales. The sddress of the registered office is Third Floor. 20 Old Bailey. London. EC4M 7AN. United Kingdom. Statement of compliance These financi81 ststements have been prepared in compliance wth FRS 102. 'The Financi81 Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Reccthmended Practice applicable lo charities preparing their accounts in accorLlance with the Financial Reporting St8nd8r(l applicable in the UK and Republic of Ireland IFRS 1021 Icharities SORP IFRS 102118nd the Companies Act 2006. Accounting policies Bdsis of preparation The financial sl8ternenls have been prepsred on the historic81 c05t basis. The finanal stslements are prepared in 5terting. which 15 the functional CuencY of the entity and rounded to the nearest £. Going concem There are no materi81 uncertainties about the charivs ability lo continue. Judgements and key sources ofestimation uncertainty The preparation of the finanoal stslerllenls requires man8gerNenl to rllake judgements. eslirnales and assumptions that affect the aFnounts reported. These eslitnales 3nd judgements 3re continually reviewed and are b35ed on experience and other factors, including expectslions of future events that are believed to be reasonable underthe circurnstances. signif1 judgernents No signrficantjudgerllenls have been made in the presS of applying the entitys accounting pOIleS. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and. by their nature. wll rarely equal the related ctual outcome The key assumptions and other sources of eslirn3tion uncertainty that have a snifIcant risk of Caus1 a Tnalerial adjustrnenl to the carrying 3mounts of assets an(1 liabilities within the nextr1rn0al yr are as follows.. Allocation of SUp[N costs The allocation of support costs between activity types is an estimation based upon the type of work performed and expenditure required for e3ch activity type. Fund accounting Unrestricted funds are available for use al the discretion of the trustees to further any of the charitys purpose5. Incoming resources All inGome is inGluded in the statetnent of finanGi31 aGtivilies when entitlement has passed to the charity. il is probable that the econornic benefits associ31ecl with the transaction will flow to the charity and the amount can be reliably measured. The fdlowin9 specrfic tolicies are 3pplied to particular categories of incorne.. Incorne from donalions or grants is recognised when there is evidence of enlillement to the gift. receipt is probable and ils amount Gan be measured reliaNy. 10
Tufts Global UK, Llmlted Notes to the Financial Statements {conllnued) Year ended 30 June 2025 Accounting policies {conlinued) Resources expended ExpenLlilure is recognised on an accruals basis as a liability is incurred. Expenditure includes 8ny VAT which cannot be fully recovered. and is classrfEd under he8dings of the s18temenl of financial aclpiilies to which it rel8tes.' eXndItUre on raising fund8 lrtlud88 th& costs of all fundraising 1VitIeS, &v8n18, non<harilabl8 trading aclbfitl8S, and th@ sale of donated goods. expenditure on charitable activities inGludes all Gosts incu[d by a charity in undertaking aGIDiities that further ils charitable aiTllS for the benefit of its beneficiaries, including Ihtrse support costs and costs relating to the gov8mancè of the charity apportioned lo charitabl& acli¥ilie8. other expenditure includes 811 expenditu Ih8t is neither re18ted to r8ising fund8 for the charity nor part of its eKpen(lilure on tharitable activilies. All Costs are 311ocaled to expenditure ¢ategaries reflecling the use of the resaurce. Direct costs attributsble lo a single activity are allocated directly to th3t aclivity. Shared costs are apportioned between the activities they contribute to on a reasonable. juslffiable and conskstent basis. Financial instruments A financial asset or a financial liabilty is recognised only when the entity becomes a paty to Ihe contractual provisions of the instrurnenl. Basic financial instruments are initially rOgnIsed at the transaction price. unless the arr3ngement conslilutes a financing tran53ction. where it is reGThJnised at the present value of the future payments discounted al a market r3te of interest for a similar debt instrument. Donations and lega¢ie5 Unrestricled Funds Restricted Funds Totsl Funds 2025 Donations Donations 59.818 93.010 152.828 Unrestricled Funds Restricted Funds Totsl Funds 2024 Donations Donations 7.533 7.533 Expendilure on charitable activities by fund type Unrestricted Funds Restricted Funds Totsl Funds 2025 Donations paid Supwrt wsts 74.150 74.150 43,935 43,935 43.935 74.150 118.085 UnrestriGled Fund5 Restricted Fund5 Totsl Funds 2024 Donations paid Supwrt costs 5.368 5.368 5.368 5.368
Tufts Global UK, Llmlted Notes to the Financial Statements {conllnued) Year ended 30 June 2025 Expenditure on charitable activities by activity typo Actwities undertaken directly Support costs Total funds 2025 Donations paid Governance costs 74.150 37.589 6.346 111.739 6.346 74.150 43.933 118.085 undertaken Support costs Totsl funds 2024 Donations paid Governance costs 5.368 5,368 5.368 5,368 Analys1$ of support costs Total 2025 Tot812024 Rwm hi Audit fee8 Profèssional fe&$ Bank charges 27.500 3,600 9,433 3,402 2,400 2,800 43,935 5,368 Audltors remuneratlon Perlod from 17M8r23to 30 Jun 24 Year to 30 Jun 25 F8e8 P8yabl8 for the audit of th8 fin8nci81 slatem8nts 3.600 2.400 Stsff c08ts The 8V8rage head count of employ88s during the year wa8 Nil12024.' Nill. No employee r8ceiv8d employ88 b8nefi18 of more than £60.000 during the year12024.' Nlll. 10. Trustse remun8ratlon and expenses No tru81ee rec8iv8d any r8mun8ralion during the y88r12024.. £Nill. No tru8tee wa8 reimbur88d for any exp8nse8 during th& year12024.. £Nill. Dèbtors 2025 2024 Pr8paym8n18 and 8ccruÉd income 7,578 12. Credltor8: amounts falllng due whhln on8 y&8r 2025 2024 Bank loans and overdrdfts Accruals and def8rr8d income 56 2.883 3,879 3,879 2.939 12
Tufts Global UK, Llmlted Notes to the Financial Statements {conllnued) Year ended 30 June 2025 14. Called up share capital 2025 2024 Ordinary shsres of £1 each 13. Analysis of charitablo funds Unr85trictsd funds Al 1 July 2024 Income Expenditure Transfers At 30 June 2025 General funds 2.165 59,818 143.9351 18.048 2.165 59,818 143.9351 18.048 Al 17 March 2023 Income Expenditure Tran5fer5 At 30 June 2024 General funds 7,533 15.3681 2.165 7,533 15.3681 2.165 unStriCted funds representfunds for which the twstees may use as they see fit lo furtherthe objects of the charity. Restrictsd funds At 1 July 2024 Income Expenditure Transfers At 30 June 2025 Furtherance of education 93,010 174.1501 18.860 Al 17 March 2023 Income Expenditure Transfers At 30 June 2024 Furtherance of educalion Restricled funds represent funds that have been received by the charity on which the Llonor ha5 expressed a restrict that the funds must b& used for th& furtherance of edutAtion81 aclivili&s. 14. Anatysis of net assets between funds Called up share Gapitsl Unrestricled Funds Restricted Fund5 Totsl 2025 Currenl assets Cre(litors le55 than 1 year 21.927 13.8791 18.860 40.788 13,8791 Net assets 18.048 18.860 36.9 Called up share capitsl Unrestricted Funds Restricted Funds Totsl 2025 Cuent assets Creditors less than 1 year 5.105 12.9391 Net assets 2.165 2.166 15. Related parties During the year the charity reiVed £59.81812024. £7,533) of don8tK>n income from the Trustees of Tufts College who are the sole shareholder of the charity. The tharity also paid donations of £74,150 12024.. £nill lo the Twslees of Tufts College. There are no outstsnding amounts at the year end. During Ihe year the charity receDied £55.400 12024.. £nill and £15.000 12024.. £nill frorn O Holrnstrotn 3nd M Daki respedively, both are Iruslees of the Gharily. There are no outstsnding amounts al the year end. 13
Tufts Global UK, Llmlted Notes to the Financial Statements {conllnued) Year ended 30 June 2025 16. Controlling party The Charity's irnmediate and ultimate controlling party are Trustees of Tufts College. incorporated in United States of Arnerica. Il's principal activities are that of a higher education institution. Control is exercised by the parent via the ownership of Sha c8pilal. The largest and smallest group in which the results of the company are consolidated is Trustees of Tufts College. the finanaal statements of which a available fiom 80 George Slreet, Mwjford. MA 02155. USA. 14