Brigham Young Unlversity Llmlted
(A prlvate Ilrnited company and registered charity)
Annual report and flnanclal statements
Year ended 31 December 2020
Company nurnber:
1496990
Charlty number:
280605

Brf8ham Young Vnlvevslty Umtted
Index to annu•l report and fin•ndal stst•meDts
Year ended 31 DeceM￿r 202Q
Report of the trustees
i-ii
Independent audltorfs rep¢Jrt
12-17
Ststement of finènaal actlvitles
18
Balance sheet
19
Statement of cash flows
20
Acwnting policies
21-23
Notes to the financial ststements
24-29

Brlqharn Youn8 Unlverslty Umlted
Report ofth• tyullees
for th• year ended 31 December 2020
The trustees are pleased to present thelr report together wlth the audlted financial statement5 of Brigham
Young Unlverslty Limited (The Charlty'l for the year ended 31st December 2020.
dml
Comp*ny number
014969
Charlty number
280605
Comp•ny secretary
Chrlstopher Bauer
Reglstered offl¢e
27-29 Palace Court, London, W2 4LP
Prlnclp•l office
27-29 Palace Court, London, W2 4LP
Bank•rs
HSBC
155 Brompton Road, London, SW3 IXO
Sollcltors
Wlther5 LLP
20 Old Balley, London, EC4M 7EG
AudltOf5
Grant Thornton UK LLP
20 Colmore Circus, Blmiln8ham, B4 6AT
Olrertors and trustees
The dlrectors of the Charity are Its trustees for the purpose of charlty law and throughout thls report are
collectlvely referred to as the trustees
The trustees servin8 during the year, subsequent to the year end and up to the date of slgnlng the report were
as follows:
Timothy Lynn Elliott
Rertata Forste
Rebecca Stephenson
Robert Clayton
Robert Schwartz
Stan Benfell- Replaced Renata on 2 September 2021 and wlll review 2020 report
Page I

Brltham Young Unlver51ty Umlted
Report ol the trustees
lor the year ended 31 Decernbef 2020
ernan
nd
Governlng Do¢ument
Bri8ham Young UnlversSty Limited Is a private Ilmlted company and a reglstered charity. The Charliy Is governed
by its Articles of Assoclation. whlch were last amended on 6 September 2016.
Appolntment of trustees
A5 set out in the Articles of A$50ciation. new or addltional dliectors Itrustee51 are to be appointed by ordinary
resolution or by declsion of the tru5tee5 Wlth the prior writtèn consent of the sole shareholder and member,
Bri8ham Young University, providin8 such persons are wllling and permitted by law so to act, either to fill
vacancy or as an additlonal trustee up to a total of no more than five trustees. Currently n¢ term is fix¢d to the
term served. A member holdin8 a m8lorlty in nomlnal amount of the 5ssued ordlnary share capital may at anv
time appolnt or remove trustees.
Tru51e• Indurtlon and tralnSni
New trustees undergo training to brief them on thelr le8al obllgations under charity and company law,. the
content of the Articles of Associatlon.. the commlttee and detision makin8 processes,. and the business 5trurtLtre
and recent financial performance of The Charity. Trustee5 are updated and advised on legal Issues by ihe Office
of the General Counsel at Brlgham Youn8 University and Withers Solicitors.
Organls•tlon
The board of trustees admlni5teis The Charity. The board meets at least twice a year. Reports are recelved In or
around each September for the prevlous tlnanclal year for approval by the trustees.
The tru5tee5 monltor progres5 thioughoui the year and other trustees meetln85 are held as and when requlred.
Related partles
The Charity'5 sole shareholder and member is 8rl8ham Young Universlty, a prlvate non-proflt corporatlon and
higher education institution incorporated In the state of Utah, Unlted States ol America.
Golni Concern
The performance and financial position of the entSty, its cashflows. and1Squidity positlon have been revlewed by
the trustees in light ol the economlc c¢)ndltions arlslng from ihe COVID 19 pandemSc and Brexlt. Forecast5 and
projec1ions. taking account of reasonably posslble changes In performance, show that the entity is expected to
be able to operate withln the level of its current facility for at least the ne¥t twelve rrbonths. Furthermore. as
precaution, the member has confirmed, In a letter of Support, Its willin8ne5S to provide support to ensure
liabilities can be settled as they fall due for at least 12 months from the date of thls report. The trustees
therefore conclude it is appropriate to prepare these financial statements on the 80in8 concern basls.
Page 2

8rl8harn Youni Unl¥er51ty Llrnlted
Report of the trustees
lor the y•ai ended 31 D•cemb•r 2020
Governan
Employ••s
The Charity has the policy of ensuring that it5 employees are those that ale able to meet the necessary
requlrements of thelr posltlon and are up to date on any (levelopments required for their posrtion. This pollcy Is
achleved In a varlety of ways..
eand Mana
nued
Applications for new positlons In The Charity are invlted from anyone with the relevant qualif(cations. The
key emphasis Is on their ability to meet the requirements of the positlon although the applicatlgn form does
reouest the applicant to mentlon if they have any illnesses or medical condStion whlch the employer would
need to be aware of in order to make reasonable adjustments should they be successful.
The Charity will utilise regular staff meetings during the year which help to ensure that the employees, input
Is received regardin8 any decisions which affect their interest5. In addition, there ale websltes and e-mail
facilities available to enable rnore effective communication and training. This approach helps to ensure that
employees receive systematSc updates on matters Con￿rning them as employees and ensures their
involvement In relatlon to the financial and economic factors that affect the performance of The Charity.
In addition to the above points, The Charlty is mindful Of the need to cater f￿ those with dlsabilities. Where
any employees become Incapacitated during their employment they are entitled to receive long-term
disabllity benefits from The Charity. Where an employee becomes disabled but not incapacitated the
employer will make any reasonable adlustments necessary. On tralning and career development 15siies.
there is no distinction made between disabled and non-disabled employees. The same opportunlties are
available to all Staff, irrespettive of disability. The key emphasi5 is on technital ability of each employee.
Prlnclpal rfsks and uncertalnties
The main risk The Charity faces is that It primarlly relies on donatlons from Its member, normally comprised
chiefly of student study abroad fees, to flnan¢e Its charitable actlv¢ties. Howevei, the member has guaranteed its
future financial support, where necessary, to ensure that The Charity has sufficient reserves to meet the costs of
its charltable actiwties.
Flnanclal rlsk and management
The followin8 Statements summarlse The Charlty's identified forms of financial risk and managernent policies..
Price risk- Salary costs are communicated to staff durrn8 the formal annual review of salaries. Prlces of
materials purchased are subject to contra¢t5 Wlth suppliers. based on current market price5.
Liquldity risk- The Charity has no lon8-term borrowlngs. Assurances of continuing financial support have
been received from the member.
Interest rate cash flow risk-The Charity is able to place surplus funds on Short term dep051t with the
companrfs bankers.
The trustees have a risk management strategy which encompasse5:
An annual review of the risks The Charity may face,
The establishment of systems and procedures to mitigate those risk5 identifled In the Strate￿,. and
The implementation of procedures desi8ned to minimise any poiential Impact on The Charity should those
risks materialise.
Page 3

Brliham Youni Unlverslty Umlted
Report of the trustees
for the year ended 31 December 2020
ve
The oblertlve of the Charity is:
To promote and further the educational and other charitable work ol Brigham Young University in the
Urbited Kirb8dom or elsewhere.
To achieve this objective The Charity continue5 to operate the London Educational Programs from the premises
at 27, 29, and 31 Palace Court. London, W2 4LP under a License, Facilities ijse, and SeNces Agreement with
Brlgham Young University IBYLII. The Charitys premTr5es contlnued to be Managed on a day-to.day basls by
Alvaro and Thals Magalhaes during 2020.
Each semester, different BYU students travel to London. A number of Single discipline and interdlstiplinary
programs of study are offered. including course5 in English, soci0108y. ancient sciipture, history, language,
literature, art and theatre. Students who complete these courses successfully are awarded credits whlth are
counted towards their degree at BYU.
Any BYU student is able to apply to attend one of the study abroad programs provided they are willing to live bv
the universi￿$ code of conduct. In addition, students fiom other universitie5 who meet 8YU's acadernic
standards and who are willing to live by BYU'S code of conduct are welcome to apply for, and if accepted,
participate in BYU'S study abroad programs. Typically, 8 to 10 percent of the participants are frorn universities
other than BYU. Betause the program tends to be oversubscribed, students are then selected on the basis of
their aca(Jemic merit and strengths that they could brln8 to the program.
The Charity is committed to providing access to students across the socio.economic spectrLbm, and admittance
to the program Ss determined without regard to the flnancial positlon of the applicant. Both BYU and The Charity
are committed to provlding quality education to the best and brightest. regardless of their financlal or class
background. Many BYU students are recipients of Pell Grants- US federal grant5 that are awarded to US
students based on their familvs financial situation. BYU itself, in addition to federal government grants, offer5 a
wide range of financial aid, grants, and scholarships to students. These grants and awaids, which are means
tested, enable students from less wealthy families to attend the univers5ty.
Around 35% of BYU students receive some form of financ131 aid, and the financlal ald from BYU can be used for
study abroad proBrams. In addltlon, study abroad grants are available to BYU students on a 'needs basis" to
help them cover the additional cost of studying abToad in order to enable students from a wide range of
financial backgrounds to participate in the study abroad program regardless of the studer¢t5' flnancial
circumstances.
The Charlty is committed to a workln8 and studying environment that Is free from any form of unlawful
discrimination. The Chaiity makes reasonable adjustments to meet the needs of staff and Students who are
become disabled.
Students and faculty live in town-houses located at 27, 29, and 31 Palace Court in west-central London.
Page 4

Brtgharn Young Unlverslty Llmlted
Report of lh• trustees
for the year ended 31 O•cemb•r 2020
The trustees understand and give due regard to the Buidance on publ1¢ benefit published by the Charity
Commlssion in exerclsln8 thelr powers and dutles.
chlev
nts and rfomian
Educatlon
The Charlty works to advance educatlon for the publlc benefit. Th15 oblert Is achleved by the provislon of
lertures, classes, semlnars, edutational fleld trlps, and cultural activitles to the v151ting students and lectures and
educatlonal events for the local communlty. The Charity's programs prowde an educational environment that Is
desi8ned to promote the academlc ènd culiural development of Its students. In 2020. B YU'S Offlce of
Internatlonal Study Program5 IISPI seni a tolal of 63 students on programs to the United Kingdom, of which 41
attended pro8ram5 based at the Charity's premlses, Fof Students enrolled on the pro8rams at these piemlse5,
the Charity recelves donations from BYU.
Pa8e 5

Brfgham Young Unfver51ty Umtted
Report ol the trustees
for the year •ndtd 31 D•cembtr 2020
The followlng lable enumerates the programs whlch opèrated under the ausplces of The Charlty In 2020-
Pro ram name and semesterlteTm
Enfolment
AMAR Foundatlon London Internship lThroughout yearl
London, General Educatlon Study Abroad- Winter 2020.
MBA Europe Study Abroad
ScottSsh Parliament Internshlp (Throughout year)
Wordsworth Trust Internship (Throughout yearl
Total
41
15
63
These programs are based at 27 Palace Court, London
All Sprln& Summer, and Fall pro8r?ms were canceled In 2020 due to the coronavlrus pandeml¢.
Pa8e 6

Brlih•m Youn8 Unlverslty Llmlted
Report of the trustees
for th• year ended 31 December 2020
uca
lonal
ren
e55
dln202
In additbon to educational programs for Siudents, BYU sponsored several academic conferences or events for the
broader academlc communSty. These were done as part of BYU'S broader academlc mission.
Aud mlc Conferences
Hos
ed
(￿hosted
orsu
rted
l. phenomenolo￿ of Rellglous Experlence: Heldeggerfs phenomenolo￿ of Rellglou5 Life
Corpus Christi, Universlty of Oxford.
Oxford University Centre for Theology and Modem European Thought. Faculty of Theology and Religion,
BYU London Centfe, 13-14 March 2020
"COV1￿19. Rellglon and Bellef: Weblnar Serles"112 onllne weblnars In the series)
April-june 2020
Governm
t&DI lom
tlc
osted
Ctrh
or
orte
3. BYU Meetlng wlth JIM Shannon MP
House of Commons, 10 March 2020
8YU London met with Jim Shannon and discussed his worklcontribution to Intemational FORB.
4. APPG Intematlonal FORB Roundtable re: Nlgerfa Report tsunch
House of Common5 lonlinel, IS June 2020
S. Natlon•l Parllamentary Prayer Breakfast: °Mlsslon durln8 lockdown and beyond"
Westminster lonlinel, 20 June 2020
6. Annlversary of the Launch of the Independent R￿leW of FCO Support for Pèrsecuted Chr15t5ans
House of Lords lonlinel 8 July 2020
7. The Coalltlon forGeno¢lde Response: "Justlce Delayedls Justke Denled- Da*sh FIBhters Stlll EnJoyln8
Impunlty SIX Year5 On"
Westminster, House of Lords lonlinel. S August 2020
8. ￿he Internat5onal Day Comrnemoratlng the Vlctlm5 of Acts of Vlolence Based on Rellglon or Beikr
Lord Alton of Liverpool and the Coalition for Genocide Response, 22 August 2020
Note of Exceptlon: Due to the COVID-19 pandemic and subsequent lockdown in the UK, the planned program of
academic, civll society, and government pro8rams were greatly curtailed and. in many cases, cancelled. In
addition, ttte sprin8, summer, and fall ISP programs were cancelled. This was an unprecedented year that Saw a
61>70% drop in support and engagement activities due to pan-national lockdowns and closure of Universities
and other institLrtions. This is expected to continue into 2021
Page 7

BrlBham Youn8 UnSverslty Llmlted
Report of the truslees
lor the year ended 31 December 2020
Flnan
lal R vlew
The Charity was funded In 2020 almost entlrely by contrlbutions from BYU. Each year the trustees carry out
detailed revlew of The Charlty, whlch includes review of the prevlous yearfs achievements and financial
statements, as well as bud8ets and antlcipated activitles for the next year.
Charltable expendltures In 2020 decreased compared to 2019 by 1.3% due to ihe cancellallon of pro8rams due
to the tovld pandemlc. We would expect to see a larger deciease, however, there was an addltlonal expense of
maintenance and supplles rel315n8 31 Palace Court.
Investment powers and pollcy
Under the Articles ol Assoclation, The Charlty has the powei to invest In any way the trustees deem to be In the
best interests of The Charlty. There were no Investments durlng the year.
Reserves pollcy
The trustees have established the level of reserves Ithat Is those fLtnds that are freely available) that The Charlty
ought to have ready access to. The target level ol reserve51s £IOO,CQ) of net current assets. Reserves are
needed to brld8e any lundln8 gap between spendln8 and receivlng resources. The reserves pollcy Is revlewed on
an annual basls. The actual reserves èt 31 December 2020 were1£2.3821. The charity feceived a donatlon in
january 2021 of £146,309 to bring the level of reseThes above the target,
Page 8

Brltham Youni Unfv•rslty Llmlted
Report ofthetwstees
for th• year •nd•d 310ecember 2020
Educatlon
8efore the Ilmitatlon5 Imposed because of the coronavlrLts pandemlc, the Charlty planned to operate the
followlng programs In the Unlted Kln8dom In 2021..
E￿Imated
Enrolment
Pro
ram name and semesterlterm
AMAR Foundation London Internshlp lThrouBhout yearl
London General Education Stu(Jy Abroad- Fall 2021.
London InternshSps (Throughout yearl
Scottish Parllament Internship lThrou8hout year
Wordsworth Trust Internshlp IThrou8hout yearl
Total
45
* These programs are based at 27 Palace Cour( London
All Wlnter, Sprln& and Summer 2021 programs were cantelled due to the COTonavlrus pandemlc.
Page 9

Brl8ham Young Unlverslty Llmlted
Report of the trustees
for the year ended 31 December 2020
Educatlonal conlerences s
onsored lanned for 2021
In addition to educational programs for stl￿entS, BYU Piovo and the Charity plan to sponsor academic
conferences or events for the bioader academic community as follows..
Brl ham Youn
Unlver
BY
London Centre
Brigham Young University london Centre serves as the operational and academic base of BrlBham Young
University IBYUI in the United Kingdom and Ireland. The BYU London Centre houses international Study abroad
programs115Psl which accornmodate over 170 students a year and serves as the operational base for between
4CrfJ to s￿ undergraduate students each year and around 22 faculty member5.
Each year, the BYU London Centre sponsors, co-sponsors, and supports a number of academic, civil society, and
governmental institutions in the UK, Ireland, and continental Europe.
Note of Exceptlon: Due to the COVID-19 pandemic and subsequent lockdown in the UK, the planned program of
academic, civil society, and government programs were greatly curtailed and. in many cases, cancelled. This
unprecedented period of disruption stsrted in 2020 as noted in previou5 Dirertor's reports and continued
through most of 2021. The Fall 2021 program is the first intake of students since March 2020.
dernlc Conferences
Hosted
Cts-hosted
orsu
orted
l. Euroseminar,
BYU London Centre, Detember 2021
Government & DI lomatic
Hosted
c￿hoSted
orsu
orted
2. UK Freedom of Rellglon or Bellef Forum I Siakeholder Meetln8
19 January 2021
3. UK Freedom of Rell8lon or Bellef Forum I Stakeholder Meetlng
2 March 2021
4. UK Freedom of Religlon or Bellet Forum I Stakeholder Meetlni
13 April 2021
5. UK Freedom of Rell8lon or Bellel Forum I Stakeholder Meetln8
18 May2021
6. BrfÈfin8 wlth Spedal Envoy FoRB- Fiona Bruo UK Freedom of Rell8lon or Belief
10 June 2021
7. UK Freedom ol Rell8lon or Bellef Forum I Stakeholder Meetlng
22 June 2021
8. UK Freedom of RelÉilon or 8ellef Forum I Stakeholdèr Meetlng
8 July 2021
Page 10

8ri8ham Young Uni¥erslty LSmited
Report of the trustees
for the year ended 31 December 2020
Trustees, responslbllltles statement
The trustee5 (who are also directors of Brigham Young Universily Limited for the purposes of company lawl are
responsible for preparinB ihe Trustees, Annual Report and the financial statements in accordance with
applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under that law
the trustee5 have elected to prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting standard5 and applicable lawl, including FRS 102 The
Financial Reporting Standard applicable in the UK and Republic of Ireland. Under company law the trustees must
not approve the financial statements unles5 they are sat15fied that they give a true and fair vlew of the state of
ffairs of the charitable company and of the incoming resources and application of resources, including the
Income and expenditure, of ihe charitable company for that period. In preparing these financial statements,
the trustees are required to..
select suitable accountin8 policies and then apply them consislenilyi
ObSe￿e the methods and prlnciples in the Charities SORP IFRS 1021,.
make judgments and accountin8 estimates that are reasonable ènd prudent,.
state whether applicable UK Accounting Standards have been followed, subject to any materlal
departures disclosed and explained in the financial statements;
The trustees are responsible for keeping adequate accountln8 records thal are sufficient 10 show and explain
the charitable compan¢s transactions and disclose with reasonable accuracy at any time the financial position
of the company and enable them to ensure ihat the financial statements comply with the Companie5 Act 2006.
They are also responsible for safe8uardin8 the assets of the charitable company and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
The trustees confirm that:
so far as each tru51ee is aware, there is no relevant audit information of which the charitable company's
auditor Is unaware,. and
the trustees have taken all the steps that they ought to have taken as trustees in order to make themselves
aware of any relevant audit 5nformation and to establish that the charitable company'5 auditor is aware of
that information.
The trustees are responsible for the malntenance and integrity of the corporate and financial information
included on the charitable company's webslte. Legislation in the United Kingdom governing the preparation and
dissemination of financial staternents may differ from legislation in other jurisdictions.
On behalf of the trustee5
Rob
Date..
Company number:
, Trustee
96990
Pa8e 11

Indepeth •udltov's r•port to the m•mbw5 •nd trust1•5 01 Uftl¥•r* Umlt•d
We have audlted the financial statements of Brf8harn Young University Limlted Ilhe 'charttable companll fly
the ￿ar ended 31 r)ecember 2020, whlch comprise the 5tatemenl of Flnandal Artlvtties Ilntludln8 income and
expendlturel. the 8alance Sheet. the Cash Flow statement and note5 to the financlal statements, induding 3
summary of Significant atcounting polioes. The finanoal reporting framework that has been applled in thelr
preparation Is applicable law and Unlted ￿ngdorn Accountln8 Stondards Indudlng Finandèl Reportin8 Standard
102,. The financial Reporting Standard apph'cable In the UK and Republlc of Ireland Iunlted Klngdom Generalty
Accepted knountlng Practice).
In our oplnlon, the finandal statements..
8ive a true and fair ￿eWOf the state of the charitable company's affairs as at 31 December 2020 and of
Its incomln8 resources and applicatlon gf resourctt Includin& Its incoffle and expenditure for the year
then ended.
have been property prepared In accordance with Unlted ￿ngdoM Generally AC￿pted Accountin8
Pracilce; and
have been prepared In accordance with the requirements of the Companies Art 2￿.
We have been appointed as auditor under the Cornpanies Act 2tl)6 and report in accordan￿ Mth re8ulatlons
made under that Act. We conducted our audit In accordance wSth Intematlonal Siandards on Audltln8 IUKI IISAS
IUKII and appllcable law. Our le5pm￿bIlItIeS under those standards are further described in the'Audltorfs
re4>onslbilities for the audrt of the finanoal staiements sertlon, of our report. We are independent of the
tharktsble compafry in attordance with the ethlcal requirements that are relevant to our audit of the financial
statements In the UK, IndudlnB the FRC'S Ethlcal Standard, and we have fulfilled our other ethlcal re5wnslbllltles
In accordance wlth these requlrements. We befieve thal the audh evldence we have obtalned Is suffident and
appropriate to pro¥ide a basis for our opinion.
We are re5W￿ble f(Y condudin8 on the approprlatene5s ol the trustee5' Use of the goir4q con¢em basis of
accountin8 aThl, based on the audrt ￿dence obtained, vthether a matehal vncertainty exists related to events
or Conditk￿ thai may cast $18rtlfi¢ani doubt on the (haiitable Companls ablllty to continue as a 8oln8 concern.
Il we cOrKI￿le that a material ￿n￿rtaInty exists, we a￿ fequlred to draw attention in our report to the related
{r￿d0S￿re$ in the financial statements or, rfsuth dlsdosures are inadequate, to modify the audltorfs opinion.
r COnd￿lOn5 are based on the audit evldence obtained up to the date of our report. However, future events
or conditbns may cause the company to cease to continue as a going Concern.
Page 12

1rnlepw￿ Y•yt to th* members and In￿t#S ol 8rlth*rn Youni Urtl¥•rslty Umlt•d
In our edaluati￿ of the trustees. condusions. we consldered the Inherent rlsk5 a5soclated wlth the charitable
cemparfs busin￿ mrmtel Indudfj￿ effect5 ari5in8 from macrooconomic uncertalntles such as Biexlt and
Cthid-19, assessed and thallen8ed the reasonableness of estlmates made by the trustee5 and the relaied
d15dowres and inalysed how those risks might affect the charitable company's financlal resource5 or ablllty to
continue crf*raiions oNEr the goi￿ concem peAod.
Based on the wryk we have perfornied. we ha￿ not Identified any materlal uncert3intles relatln8 to events or
ttv¥JitiMs thal irKliiridually or collective￿. may cast slBnificant doubt on the charitable companV5 abillty to
t(Mtin￿ as a gcmryg concem for a period of at least twelve months from when the financlal ststements are
In audithrvd the finarKial statements, we have conduded that the trustees, use of the Boing concern basS5 of
acctymtine in the preparation of the finanaal statements is approprlate.
The responsibilities of the trustees wtth respect to Boing concern are described in the'Responsibilities of
tn*ee5 fl￿ thefinanual statemenW settion of this ￿POrl
The trustee5 are responsible for the other information. The other information comprises the informatlon
induded In the Trustees. Report. other than the financial statements and our auditorfs report thereon. Our
opinion on the finanoal statements does not covef the other information and, except to the extent othepwise
expliatly stated in our report, Vlt do not express any fomi of assurance conclusion thereon.
In connectlon wrth our audit of the finanual statements, our responsibility is to read the other informatSon and,
in doing so. consider vthether the other inforn)ation is materially inconsistent with the financial statements or
our knffi￿edge obtsined in the audtt or otherwise appears to be materially misstated. If we identify such
material inconsistenaes or apparent material mi55tatements, we are required to determine whether there is a
material misstatement in the finan¢ial statements or a material misstatement of the other information. If, based
on the w*yk we have perfomied. we condude that there is a material misstaternent of this other information,
we are required to report that fart.
We h￿e nothin8to report in this ￿ard.
Oplnlon on otl*r matters presuw by the Con¥)anl•s Art 2(X)6
In our opinion. based on the work undertaken in the course of the audit..
the informatlon given in the Strategic Report and the Directors, Report. Prepared for the purposes of
company law, included in the Trustees. Report for the financial year for which the financial statements
are prepared ts ￿nSiStent wth the financlal statements.
Page 13

Independent audltor's report to the members and trustees ol Brigham Young Unlverslty Limited
the Strateglc Report and the Dlrettors, Report included In the Trustees, Report have been prepared in
accordance with applicable legal Tequirements.
Matter on whlch WÈ are requlred to report under the Companles Act 2006
In the light of the knowledge and understanding of the charitable company and it5 environment obtained in the
course of the audit. we have not identified material misstatements in the Strotegic Report or the Dlrector5'
Report included in the Trustees. Report.
Matters on whlch we are requlred to report by e¥optlon
We have nothing to report In respect of the following matters in ￿latiOn to which the Companies Act 2C06
requires us to report to you if, In our opinion:
adequate accountlng records have not been kept, or returns adequate for our audit have not been
received from branches not visSted by us; or
the financial statements are not in agreement wlth the accounting record5 and returns- or
ertain dist105ures of trustees. remuneration specified by law are not made; or
we have not recelved all the infomation and explanations we require for our audit.. of
the trustees were not entitled to prepare the financial staternents in accordance with the Small
companies regime and take advantage of the small companies exemption from the requirement to
prepare a strategic report or in preparing the Trustees, Report.
Responslbllltles of tfusteesforthe flnanclal statements
As explained more fully in the Tru5tees' Responsibilitles Statement set out On Pa8e 11, the trustees (who are
also the directors of the charitable company for the purposes of company lawl are responsible for the
preparation of the flnanclal statements and for being satisfied that they give a true and fair vlew, and for such
internal control as the trustees determlne is necessary to enable the preparation of financial statements that arè
free from material misstatement, thether dueto fraud OT error.
In preparlng the flnanclal statements, the trustees are responslble for a5sessingthe chariiable company's ability
to continue as a 8olng concern, disc105ing, as applicable, matters related to Boin8 concern and using the golng
concefn basis of accounting unless the trustees either intend to liquidate the charitable company or to ¢ease
operations, or have no realistic altefnative but to do $0.
Page 14

Independent audltor's report to the m•mb•rs •nd trustees of Brlgham Youn8 Unl¥erslty Llmlted
AudStorfs responslbllltles for the audlt of the flnanclal statements
Our oblectlves are to obtain reasonable assurance about whether Ihe finantial statements as a whole are free
from material misstatement, whether due to fraud or error, and to Issue an auditorfs report that includes our
oplnion. Reasonable assurance 15 a high level of assurance but 15 not a guarantee that an audlt conducted In
accordance with ISAS IUKI will always detect a material mi55tatement when it ex15tS.
Mlsstatements can arise from fraud or error and are consldered materlal If, indlvidually or in the aggregate, thev
could reasonably be expected to Snfluence the etonomlc decislons of users taken on the basis of these financlal
statements.
A further descrlption of our responsibilities for the audlt of the financial statements Is located on the Financial
Reporting Council'5 webslte at.. w4w.frc.org.uvaudltorsresponsibilltles. Thls desuiption forms part of our
auditorfs report,
Explanatlon as to what extent th• •udlt was ¢onsldered capable ol detertln8 Irregularltle5. IncludSn8fraud
Irre8ularltles. Including fraud, are instances of non.compliance with law5 and regulations. We desl8n procedures
In Ilne wSth our responsiblllties, outlined above. to detect material mi55tatements in respect of irreBularltle5.
Including fraud. Owing to the inherent1SmitatSon5 of an audlt, there 15 an unavoldable rlsk that materlal
misstatements in the flnanclal statements may not be detected, even though the audlt is properly planned and
performed In accordance with the ISAS IUKI.
The extent to which our procedure5 are capable of detectina Irre8ularitles, Includlng fraud Is detalled below..
We obtalned an understandlng of the legal and regulaiory frameworks that are applicable to the
charitable company and the sector In whlch It operates. We determlned that the followlng laws and
regulatlons were most SlBnlficant.' the Charlties SORP, the Charitle5 Act 2011, the Companies Att 2006,
The FSnan¢ial Reportin8 Standard appllcable in the UK and the Republlt of Ireland IFRS 1021, and the
Education Act 2(Kl2.
We understood how the charltable companyls complying wlth these legal and regulatory framework5
by makin8 inquiries of management and those charged with 8overnance. We enqulred of managèment
and those chalged with 8overnance whether there were any Instance5 of non-compllan¢e wlth law5 and
re8ulatlons, or whether they had any knowledge of actual or suspe￿e￿ fraud. We corroborated the
results of our enquirles through our review of board mlnutes, and through our legal and professional
expenses review.
We assessed the su5ceptlbillty of the company's financlal statements to rnaterlal mi55tatemenL
includlng how fraud might occur and the risk of materlal overrlde of controls. Audlt procedures
performed by the en8a8ement team included..
Identifyin8 and assessing the design effectiveness of certain controls rnana8ement has In place lo
prevent and detert fraud
Page 15

Indep•nd•nt audltor's r•port to the memb•rs and truste•9 of 8rliham Youni Unbverslty Umlt•d
Challen8ln8 assumptlons and lud8ments made by management In Its sl8nlflcant accountln8 pollcle5
Identlfylng and testlng journal entrles
IdentSfyln8 and testlng related party transactlons
. Inspectlng the board mlnutes
- Assessing the extent of ￿MPlIanCe with the relevont laws and regulatlons as part of our procedures on
the related flnancial statement Item
The assessment of the approprlateness of the collectlve competence and capabllltles of the engagement
team included conslderatlon of the engagement team's..
Understandlng of, and practlcal experlence wlth, audit engagements of o slmllar nature and complexlty
through approprlate tialnlng and particlpatlon
Knowledge of the Industry In whlth the charltable company operates, and
Understandin8 of the legal and re8ul•tory requlrements speclflc to the entlty Includlng the provlslons
of the appllcable le8lslatlon.
The team communlcatSons In respÈtt of potentSal non-compllance wlth laws and re8ulatlons and fraud
Included the potentlal for fraud In revenue recognltlon through manlpulatlon of Income.
We dld not Identlfy any matters relatln8 to non-complSance with laws and re8ulatSon and fraud.
In assesslng the potentlal rlsks of materlal mi55tatement, we obtalned an understanding of:
. The charitable companvs operatlons, Includlng the nature of Its revenue Sources, to understand the
c135ses of transactlons, accounts balances, expected flnandal statement disclosures and buslness rlsks
that may result In rlsks of materlal m155tatement, and
- The charltable compan¢s control envlronment, includlng
Managemenys knowledge of relevant laws and re8ulatlon5 and how the charltable company Is
complyln8 wlth those laws and regulatlons
- The adequacy of procedures for auihorisatlon of transactlons and review of management
accounts, and
Procedures to ensure that P05slble breaches of laws and regulation5 are appropriately resolved
Page 16

Independent •udltor's r•port to th• m•mber5 and trust•￿ of Brl8ham Young Unlverslty Umlted
Use ol our report
Thls reportls rnade solely to the charitable companV5 members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Art 2006. Our audit work has been undertaken so that we mlghi state to the charitable
companV5 members those matters we are required to state to them Sn an audltor's report and for no other
purpose. To the fullest ertent permitted by law, we do not accept or assume respon51bllity to anyone other than
the charltable company and the charltable compJnVs members as a body. for our audlt work, for this report, or
for the oplnlons we have formed.
Wllllam Devltt
Senior Statutory Auditor
for and on behalf of Grant Thornton UK LLP
Statutory Auditor, Chartered Accountants
8irmln8ham
Date: 30 Spetembgr 2021
Pa8e 17

Brf8ham Youni Unlverilty Umlted
Ststement of the financlal actlvltl¢s Ilndudlni Intome & expendltur• •c¢ount)
for the ye•r Inded 31 DeCem￿r 2020
Yeai end
20x1
JI D•r4mbef
201•
Ilhresirfrt¢d O•$4Trat•d
hMd5 10t￿ hj
hJnd5
funds
Tot•1 Funds
5%.L
116.rA3
$90,LYX)
116.(*J
9.620,721
101,293
9,620,711
101.29J
706,L%3
9.722,0)4
9,722,014
845Ai)
849.107
8S6.7SJ
s.4iJ
3,69
819.107
8S6,75J
3,943
IfO.696
l¥•ffl•ni IA l•rth•y4•r
139.350)
13.6941 1143.0441
8A6S.2f
lJ.94)1
Tthl fvfvdi kn¥htI•￿tsI￿
10.717.S70
144.$$1 IOA72.111
1,662.310
141.495
2.010.104
10,561.220
140.857 10,729.077
10.717.570
141.ssl
10.871.121
None of the tharlty's artlvltles dlscontlnued durln8 the above Iwo financlal years.
The statement of flnanclal att￿ltIeS Includes all galns and losses reco8n15ed In the year.
The accountln8 pollcles and notes on pa8es 21 to 29 form part of these flnanclal statements.
Page 18

Brigham Youni Unlverslty Llmlted
Balanc• Sheet
as at 31 December 2020
Yeai ended
31 Decembei
2020
Year ended
31 Decèmber
2019
Note
Rx•d aiwts
Tangible assets
Totsi Rx•d
10.731.559
10,731,559
10.808.436
10.808,436
Cuirent 4$￿ts
Cash at bank and in hand
123.782
95,876
TOL91 Ctsrrènt Assets
123,782
95,876
Cfadltois falllni due wlthln one year
Amounts falling due within one yeaT
1126.1641
132.0911
Net (urr￿1 ass•ts
12.382
63.786
cr￿ltorS falllng due In more than one yoar
Total assets less current Ilabllltlès
10,729.177
10.872,221
Th•Funds ofthè tharfty
Called up share capital
Unrestricted income funds
De$8nated funds
Itxi
i(x)
10.727.570
144.551
10.588.220
140.857
Total th•Tlty funds
10.729, 177
10,872,221
The accounting policies and notes on pages 21 to 29 form part of these accounts. The account5 have been
prepared in accordance with the provisions applicable to companies subject to ihe small companies regime.
The financial statements were approved by the board of trustees and were signed on its behalf by:
Rob
Date:
Company number: 01
. Trustee
96990
Page 19

brlRham YOU￿ Unlverslty Umlted
Statement of Cash Flows
as •t 31 Deremljw 2020
Year ended
31 December
2020
Year ended
31 Decembèr
2019
Net lexpenditurel / income
Depredats"on
Increase in ueditors
1143.0441
165.667
94.073
116,695
8.861.317
151.911
10.281
9.023,509
Purchase ot property. plant and equiprnent
188.79)
188.79))
9.1))4.8961
I9.1￿4.8￿￿
ré*el (deue•se) Inush and ¢a5h ewjknlents In theye•r
27.￿5
18,613
Cash and cash egulvalerts ai (he beclnnlng olpeTlod
Cash and ¢¥th equlvalents*t the end ol perlod
9S.876
123.782
77.263
95.876
Page 20

8rlth•m Youni Unh•r•lty Umlt•d
Account1￿ pglld
A summary ol the ilBnlllcant accountln8 pollcies whith h¥t been applled conslstently. are as foll￿.
Ll••h ol •f¢wntl
The (In•nd¥l ststements hJ¥e been prepared In accordance wrth kowntlng and Reporting ty Charitles:
Statement of Recommended Pr3ttlce applluble to charltles preparlng their accounts in accordance T*Ath the
Flnandil Reportlni Stsndard$ appllcable In the UK and Republlc ol Iieland IFRS 1021 leffective l January 20191.
ICharltle5 SOAP IFRS 10211, the Flnanc131 Reponln8 Stsnd3rd appllcable In the UK and Republlc of Ireland IFRS
1021 and the Companle5 kt 2006.
Brl8ham Youn8 Unlverslty Llmlted meet5 the dellnltlon 013 publlc benefit ertlty under FRS 102. Assets and
Ilabllltles are Inftlally reco8nlsed at hlstorlul C￿1 or transartlon value unless otherwlse staled In the relevant
*￿OUnt1nI poll(y notelsl.
L•yl it•tUi of th• th•rlt•bl• c•mp•ny
Tht charlty 1$ a prlvaie1Smlted company whlch15 re8lstered In En8land and Wales.
Inwmlni r•wurc
Incomeos reco8nlsed when the charlty has entltlement to the funds, any performance condltlons attached to
the Itemlil of In￿rne have been met, It Is probable ihat the Income wlll be le￿Ived and the arnount tan be
measured rellably.
In¢ome li re¢elved frorn the company's sole sharehdder and member, Yrl8ham Young Unlverslty, to Pfovlde
funds for the company's charltable aalvltles and to ensuie Ihat ihe company has adequate reserves. These
donatloni are retelved as cash and are separately dlsclosed In the statemeni of flnanclal actlvltles and Income
and expendlture Jccount. Amounts fecelved are calculated on a per student ba515 and are dlKlosed under
Income from Charltable Actlvltle5,
Addltlonally, donatlons are recelved from the company'5 member to provlde addltional fundlng and are not
calculated on i per student bas15, but are to cover speclflc c0515. These donatlons are recelved a5 cash and are
separately dl$¢losed In the statement of flnanclal actlvltles and Income and expendlture account. Amounts are
dljdosed under Donatlons and leBacle5,
Golni Con¢•rn
The performance and flnancl31 posltlon of the entlty, It5 cashflows, and Ilquldlty Posltlon has been revlewed by
the truJtee5 In118ht of the economlc condltlons arlslnB from the COVID 19 pandemlc ond Brexlt. Forec35ts and
prole¢tlon5, t•kln8 account of reasonably posslble changes In performance, show that the entlty Is expected to
be able to operate wlthln the level of Its current faclllty for at least the next twelve months. Furthermore, a5 a
precautlon, the member has conflrmed In a letter of support, Its wllllngness to provlde support to ensure
Ilabllltles can be settled 15 they fall due for at least 12 months from the date of thls report. The trustees
therefore ¢onclude It Is approprlate to prepare these flnan¢lèl staternents on the golng concern ba515.
Page 21

Brliham Young Unlverth Umlted
Accountlni Fx>llcles Icontlnuedl
for the year ended 31 December 2020
Expendltuie
Expendlture is recognised once there is a legal or construrtive obligation to make a payment to a thSrd party. it 15
probable that the settlement will be requlred and the amount of the obligation can be measured reliably.
Expenditure is tlassified Lbnder the following activity headings..
ChaTit3ble activities eypendlture comprises the dirett costs related to the achievement of the charitable
oblettives and an analysis of these costs are provided in note 2.
Governance costs are included within charitable activitie5 expenditure and are those eosts that relate to
activities which provide the governance infrastructure which allows the charity to operate and to generate the
information required for public accountability.
Expenditure 15 recognised on an accruals basls.
Uabllltles
Future liabilitles are recognlsed when the charity has a legal or constructlve financial obligation, that can be
reliably estimated and for which there is an expectation that payment will be made.
Tangible fixed a55ets and depreclatSon
Individual fixed assets costing £6,OLX) or more are capitalised at cost. Depreciation is provided on all tangible
fixed asset5, Other than freehold land, at rates calculated to write down each asset to its estimated residual
value evenly over its experted useful life, as follows..
Freehold buildings
bulldlng improvements
Furnishlngs and equipment
Vehicles
50 years
25 years
10 years
4 years
Penslon contrlbutSons
The Charlty contrlbutes to two pension schemes for employees. Employees hirefl before 2019 participate In a
defined benefit scheme operated by The Church of Jesus Christ of Latter-day SaSnts (Great Britain). the Deseret
UK Benefit Plans (see note 121. The fund Ss valued every three years by a professionally qualified independent
actuary. with rates of contrlbutlons payable being determined by the actuary. In the intervening year5, the
actuary reviews the continuing appropriatene55 of the rates. Pension costs are accounted for on the basis of
contributlons made (lurlng the year or 3Ctrued at the year-end1S.e., on a defined contribution basis), as required
by Financial Reporting Standard 102 Sertion 28 In tlrcumstances where The Charlty cannot identify with any
degree of accuracy its share of the scheme assets and liabilitles. Employees hireil after 2018 are enrolled In a
third-party defined contribution scheme adminlstered by Scottish Widows. The Charity provides no other past
retirement benefits to its employees.
The penslon contributions are therefore accounted for on the ba515 of a Ilefined contiibution stheme. The
contributions are recoBnised an an expense in the SOFA when they fall due. Amounts not paid are shown in
accruals as a liabllity in the Statement of Financial Position. Full detai15 of the De5eret UK Benefit plan are
provided In the financial statements of The Church of Jesus Christ of Latter-day Saints IGreat Britain).
Page 22

Brltham Youn8 Vnlverslty Umlted
A¢countlni pollcles lcontlnuedl
for the year ended 31 December 2020
Fund ac¢ountln8
Funds held by the charity are-
Unrestrlcted funds- which can be used In accordance with the charitable objects at the discretion of the
trustees.
De518nated funds- set aside by the trustees out of unrestrSrted funds and are not avaSlable for other purposes
or projects.
Debtors
Trade and other debtors are reco8nlsed at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and In hand
Cash at bank and in hand include5 cash and Short term highly liquid investments with a short maturity of th￿e
months or less from the date of acquisitlon or openlng of the depo54t or similar account.
Credltors
Creditors are recognised where the charity has a present obllgation resulting from a past event that will
probably result in the transfer or funds to a thlrd party and the amoLbnt due to settle the obligation can be
measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for
any trade discounts due.
Flnanclal Instruments
The charity only has financial assets and financial liabllltles of a klnd that qualify as basic financlal Instruments.
Basic financial instruments are inltially recognised at transaction value and subsequently recognised at their
settlement value.
Judgements In applyln8 accountln8 pollcle5 and key sources of estlmatlon uncertalnty
Preparation of the financial statements requires management to make significant judgements and estimates.
There are no key assumptions concerning the futuie or other key source5 of estimation uncertainty at the
reporting date, that have a si8nificant risk of causing 3 material adjustment to the carrying amounts of assets
and liabllities wlthin the next financial year.
Page 23

Brl8ham Youn8 UnS¥er51ty Llmlted
Notes to the flnanclal statements
for the year ended 31 December 2020
Incomln8 we￿￿¢•￿
Interest income £14312019.. £2101 was derived from fund5 held in the bank accoun
Donations of £192,89012019'. £571,902> were received from B YU In relation to pro8ram
fundlnB for the students attendin8 pro8rams al the Charity's premises. The Sprin& Summer
and Fall pro8rams were cancelled in 2020 due to the COVID 19 pandemK.
Other income of £397.10912019= £9,048.849I wa5 received fr¢m 8ri8ham Youn8 University for the
purpose of operating the centre without students durin8 the COVIO 19 pandemic.
Rental Income of £IIS,92112019.. £101,083) was received from tenants in the newly purchased
property at 31 Palace Court. The tennats will be allowed to complete their cuffent
lease agreements, but tennancy will not be renewed goin8 forward.
BYU Limited benefits from certain insurance coverages purchased by an affiliated entity. The
afflliated entity does not pass on thls insurance cost to BYU Limited and is not able to specify the
cost of the coverage for 8YU Llmlted.
tharltsble Artlvltles
2020
2019
Program costs
Starf Costs
Depre¢iatlon
Food and kitchen Supplies
3S,461
409,S21
165,667
22,191
35,715
330,366
151,911
83,827
È li
Maintenance & repairs
Taxes
Utilities
Motor vehlcle 4nd travel
General office costs
Telephone
Other expenditure
Support costs (audit feel
88,384
26,851
51,128
8,627
11,259
11,095
13,654
5,268
108,870
42,187
61,092
9,166
19,216
12,593
954
4,800
849,107
860,696
All of the above charitable costs COD5titute support costs and entirely relate to the provision
of educational facilities.
Expenditure on charitable artivities of £3,69412019-. £3,943) was from desi8nated funds and
related to depreciation on buidlin8S transferred into the charity in 2013.
Page 24

Brliham Young Unfverslty Llmlted
Notes to ihe flnand81 ststÈments Iconttnuedl
for the year ended 31 December 2020
N•t In¢orn•l•xp•ndllur•14Y th• ymr
2020
2019
Net ￿Come/eXpnditUre for the yeai 1$ 5t•led ther C￿)181r￿..
Deweiiali¢
165.667
151.911
Employ•
1020
2019
St•ff In￿lI•d durlryth• ywr
W•8es and Salaries
SrKial secwity C051S
Ot￿r penSiC￿ costs
306,029
248.6C
26.385
SS.381
74,313
409,521
330.366
Noen¥Jloyees *mphJyee ber*frts in excessd E60,((1)12019.' nll. Pensi￿ coAs •i¢vthol
chw8ed to uMestr¢t*d furth.
2020
2019
Th• •¥•r•i• w•ekty of p•r¥*m l•Kkndlry dM¢iml
empknyed by (haiity the year w••..
OHKe athiThstrat*n and ¢leani
Staff costs Includes termlnatlon payments of £38,977 whl¢h were accrued at the year end.
Trustees. reMunera￿on
None of the trustees recelved any remuneratlon OT relmbursements from The Charity durin8 the
year12019'. nlll.
Key mona8èment p•rsonn•l
The key management personnel of The Charlty15 the Academic Dlrector. The remuneratlon of the Academic
Director is set by the Board of Trustee5 followln8 an annual review and is normally increased In line wlth
Inflation and is consistent wlth Brigham Youn8 Unlversiws annual review proce5S.
5 Ta>tatlon
The company Is a registered charity and as su¢h1s entltled to certain tax exemptlons on Income and proflts
carrled on In furtherance of The Charlty's prlmary oblectlves. if any profits and surpluses are applled solely
for charitable purposes.
Page 25

Brlgham Youni Unlverslty Llmlled
Note5 to the flnandal Statements l¢ontlnued)
for the year ended 31 December 2020
6 Tan8lbk lIx￿ assets
i•d and
INJiklin85
Furni5hiTrdS
& EquipmeTrt Vehides
Total
I1￿Uary2020
Addrtions
31 L)ecember 2020
13.012070
59,359
20,4Tr) 13,092,629
88,7
20.4￿ 13.181.419
.101.660
59,359
IJ￿u3ry202Q
Ch¥ge1orthe￿aW
2.232.731
31912
5936
37J48
19,550
2.284.193
165,667
2,449/E4)
2,391612
20.4L*J
Met bo)k
31 Decernber 2020
10.710,048
21.511
10.731.559
31 Oecernber 2019
10.780,139
27A47
850 lo.￿8.436
05t of laThJ at 31 t)ecember 2020 was £5O17.64712019:£5A17.647I LaNI Is not deprecialod.
Page 26

6rl8h•m Youni Unl¥•rslty Umlted
Notes to the finandal stat•rnents Icontlnued)
lof th• y••r end•d 31 D•cemb•r 2020
Crtdltots: Amounts fallltv4 due wllhln one year
2020
2019
Accruals
126,124
32,(￿￿1
Called up SI￿1* capll•l
2020
2019
Authorised
l(M) ordlnary shares ol £1 each
ITr)
Allotted and issued
I¢XJ ordlnary shares of £1 each
9 Analysls of ch•rltsbl• fund$
Unre5trlrtedfunds
The 'free reserves, after allowlng for all designated funds.
De51gnotedfunds
Desl8nated for the value of unrestrlcted fund5 represented by bulldln8s owned and used by The Charlty on
an on-8olng basis, that were tfansferied Into The Charity In 2013,
10 Relat•d party trans*ctlons
The sole shareholder an(1 member of The Charity15 Brl8ham Young Unlversity, a corporation Incorporated in
the State of Utah, UnSted States of Ameilca.
Related party transactions are detalled In note I to the financlal statements.
Pa8e 27

Brf8h•m Youni Unlverslty Umlted
Notes to the flnanclal statements Icontlnued)
ft)r th• ye#f ended 31 OKember 2020
11 Ultlmate holdlng company
The Charlty Ss a prlvate Ilmlted company that is Ilmlted by shares, all of which are owned by 8ri8ham Young
Unlversltvi a corporatlon incorporated In the state of utah, United States of America.
12 Penslon and other post-employment commltments
The Charlty partlcSpates In a penslon scheme operated by The Church of Jesus Christ of Latter-day Saints
(Great Brltalnl, the Deseret UK Benefit Plans I"The Plan"). The scheme Is of the defined benefit type and Is
funded by contributlon5 from the particlpating companie5 and thelr employees at rates determlned bv
Independent actuaries In the light of regular valuations. Such contributions are held in trustee-administered
funds completely Independent of Broup flnances. Full dlsclosure of the valuation is shown in the accounts of
The Church of Jesus Chrlst of Latter-day Salnts (Great Britalnl.
Since 2019, all new employees of The Charlty partlclpate In a thlrd-party pension scheme admlnlstered by
Scottish Widows. The scheme is a defined contribution scheme and is funded by contributlons from the
employees and The Ch3rlty. The assets of the scheme are held Separately from those of The Charity in
Independently adminlstered funds.
The Charity has accounted for the schemes as If both were defined contrlbutlon schemes because it Is not
feèslble to 5pllt the assets and Ilabllltles of the Schemes between all the companles whose employees are
members. Contrlbutlons to the scheme for the year were £74,31312019: £55,381).
13 Future flnance
Brlgham Young Unlverslty has Confirmed that It wlll contSnue to provlde funds to support the Charlty's future
actlvltles.
Page 28

Brf8h•m Youni Unfverslty Umlted
Notes to the flnandal statements Icontlnued)
for the year ended 31 DKember 2020
14
Analysls ofRroup Mt assets between ￿ndS
Unrestricted Designated
funds
funds
Total funds
Tangible fixed assets
C35h in bank and in hand
Other net current assetsllliabilitiesl
10,590.702
123,782
1126.1641
140,857
10.731.559
123,782
1126,1641
Totsl
10.588.320
140.857
10,729.177
15 Group Accounts
The largest group accounts that include Brigham Young University Limited are the accounts of The
Corporation of the President of the Church of Jesus Christ of Latter4ay Saints. The smallest group accounts
that include Brigham Young University Limited are the accounts of Brigham Young University. Brigham
Young University is a private educational institution based iri Provo, Utah in the United States of America.
The employer identific3tion number of Brigham Young Unlversity is 87-0217280.
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