Rcgistration number 03619629 Charity number.. 1097218 CAMBRIDGE ONLINE (A Company Limited by Guarantee) Trust¢¢s' Report aTLd UNudi*d Financial Statements For The Year Ended 31 Mard1 2025 Mansdl & Co charter C¢nifi¢d ACWVnis 5 Duckett5 Wharf South Street Bi.5hops' StortfoTd H¢rtfordshire CM23 3AR
CAMBRIDGE ONLINE (A Company Llmlled by Guarnlltet) Contents Pag¢ Reference and Administration Information TterS, ATUal Report Independent Examiners ReFQrt Ststonent of Finon¢ial Activiiies Ba1ce Shed li Note5 to the Unaudsted Finall¢ial Statements 1>19
CAMBRIDGE OIYLINE (A Company Llmited by Guarantee) Referen¢e and Administration lllforniation Trustees ¥•d Direttors Sir Andrew Baird Bi- Chair of Trust¢¢5 Gary Dew IR¢sign¢d 01108120251 Jonathort Horden Anne Camptell Xiao Rong l.i.Yan-Hui (Apwinlcd 1410512025) Hil8ry Cooper {Ap)nted 0111012025} Hannah Daigjeish {Appoinl¢d 1211012025} Company secret*ry Rose Charlion-P¢¢l (R¢sign¢d 12107120241 Morcus WTrewcll (Appointed 0110512025} Chief exec¥¢ive officer Rose ChaTlton-Pecl (Resigned 1210712024} Mar¢u$ Whewell (Appointed 2111112024) Company rryi5tratiDU Jbunhb¢r 03619629 Charity r•Eis¢ration nllmber 1097218 Re¥ist¢red offite Allia Fuiure Bllsiness Centre King'5 H¢dges Road Cambridge CB4 2HY Website W7¥.¢8brIdgeo[in¢.org.Uk Banktr5 Metro Bank Pl¢ Unit I Christ's Lane Cambridge CB2 3BZ IndtpÈndent examiner Wilion Lyndon Ltd TIA Mamell & Co. Ch8rtcred Certifi¢d A¢¢ounthlS 5 Ducketts Wharf South Streei Bishop's Siortford CM23 3AR Page I
CAMBRIDGE ONLINE (A Company Llml¢ed by Guarantee) Trnsteey, Report for the Ye4r Ended 31 M4r¢h 2025 The TnJste&8, who are 30 dircctors of the charity for the PUTP05¢5 of the mpLeS A¢ presem their annugl reFX)n togdh¢r with the financial statem¢nts of the charity fuT the y¢ar l April 2024 10 31 Mar¢h 2025. The TnLSttts o)nfirm that Al7 ReyTrrt and financial statements of the Chitable cotnpany wmply with the current Statutory requirements, the r¢quir¢m¢nts of the chaTiiable company's 8overning th)cumcni and the provisiorjsof th¢ s¢tnt of R¢com]nend¢d Pl¥]¢¢ {SORPI, applicable in th¢ UK and R¢public of Ireland (FRS 102} (elTcctive l January 20151 &s amended by Updat¢ bulletin (eff¢ctiv¢ l January 2015). Sin¢e th¢ dwitabl¢ ¢ompany qu0]irJ a¥ small under scciion 383. the strategtc t¢rt requir¢d of m¢dium large compani¢5 und¢r Th¢ Companie5 Ad 21X)6 Istraicgi¢ Re]x)rt and Di0[8. iieportl Re8ul2tions 2013 15 not required. Th¢ Tnle¢s, who ar¢ also th¢ directors for the pw)ose of Company iAw. atyj who s¢ryed during th¢ ye8J were.. Arlthew Baird Bt- Chair of Trustf¢5 Gary Dew Jonathan Hord¢n Antje Campbell Xiao Rong Li.Yan-Hui (Ap]nted 20102121)25) Strudurei ioverngnce 8•d man*gemeBt
. CDns¢itutio
The charity is contToll¢d by its governing do¢um¢nL m¢morandum and 8rticle8 of SOCiatIOn. and constitutes a limited company, limiied by guarantee. as defin¢d by th¢ ComtHnies Act 2006. b. MÈthtyd of appolntmÈnt or eleetitin of Trnstets The Board orTrle¢S ¥arFies oui regular reviews to identify any gaps in the knowledge experience of OUT Board needs lo turther C2mbTid8c Online Work. Pot¢ntia] new tnts¢e¢s aT¢ required io submit art applicatton forni. and if tsken forward they are then invital io attend aBoard meetin& followin¥ whiLh th¢y attend an intcrview, and if Ix)th parties are happy and willing lo continue. their applicalioz) is 5ubmiiied to thc next h¢dulcd tru¢¢5 mcdirtg for¢onfirmaiion of ap[intment. Induction involve5 a tour of the premi8es, att¢ndin¥ me¢tings with nefICiar]es, staff and oiher kev sr2kel)olders. New trustees are prowided with acccs5 to relevant wlicy and procedure documents arc appropriat¢ to th¢ rol¢ tlw und¢rtak¢ as trllst¢¢$. The ¢harity hw 3 iN)ard of trustees who m¢¢t monthty and are restKmsiblc for its 8trategtc direction and tolicy. A chief extliVe is appointed by th¢ trustees io manag¢ th¢day-to-day I)atIOnS ofthe charity. d. Ri$k m#nag¢m¢At The tnst¢¢s ar¢ wndurting iheirown r¢vi¢w of ihe majorrisks to which the charity is anda5 of this proces4 they are implementing a risk m4nagcrn¢nt Strategy comprisin8'. aD annual review of the risk5 wbich the charity njay f the establishrnent of systems and proctdures lo mitigate risks id¢nt2fied in the plan. the implementstion of PT0¢41wes desi8n¢d to minimis¢ Sny potrniiaj ipact on the cljarity should 8ny of those risks materia]ise. Pag¢ 2
CAMBRIDGE ONLINE (A Compatty Limfited by Guirantee) Tru5tees' AnDual Report for ¢be YeAr Ended 31 March 2025 LLadeTship & Gov¢rA•n¢¢ This y¢ar Saw a smvvth 1¢ad¢blp h8ndoveras Madeleine Ca8S2dy succeth Ros¢ CharltotL-Peel &% our interim Chief Lxeculive Officer ift July 2024. Under Madcl¢in¢ 5 Icadcrship. th¢ chariry improved systcms, trengthwled p&tnership& 8nd stabilisd fLllgJLttS aftera chlengIng start to lh¢ year. Followlln8th¢ end of Madeleine C3$5idy's t¢nure in November 2024. Marcus Whewell took over as Chicf Exxutiv¢ OtTJceT in Dccanber 2024. providing fiLrther stabilily an ¢nthy$i&%tic t18Y for renewal of thc charity's operntlng principle Gov¢man¢e and management improvcmcnts included.. Introduction of QuiLIkS for r¢al-iime finan¢ia] repDrtin8. Creation of d Risk Regisler iniegratoj into trust¢¢ monitoring. Streamlined proG¢55es for bank and Companics Ho¢ compliance. These $tep$ hav¢ enhCed transparency. accountsbility, and organisaiional resilie¢. Objettive5 Aetivities Polities *nd objettivtts Cgmbrid¥¢ Online is an educational charity w'orking across CaTnbridg¢5hj aT th¢ Eas¢ of England helpin¥ di5advantag¢d linrluding disabled) pcoplc %¢ LYTrrnPUters and digitsl d¢viccs by Providing education, training and advice to individuals and groups. aim is ¢0 broad¢n digitsl 8warene8$ ond io [81$¢ l¢v¢]s of digital in¢lusiom Pwblic beDefi¢ Cambridge Online will wnlinu¢ ¢0 t&¢ ils Tesponsibilities ot'cnsuring ihat its charitable activiiies contribute 4 grtai dcal io thc lives of thosc within Cambridge atKi the tsveTall aTe8of henefiL With refemice to the ChaTite5 A¢1 2006 all ow ¢haritabl¢ actii'ities are direded towaTd5 having * lifelong iTnpa¢ton the Iwai aw and these athivitics are undertakJ to fvrtheT OUT Lhdritablc purposes for the public benefit. The Tnte¢S confirm thJt they have referred io the guidemee contJitt¢d in the Chariry Commission's gcncral guidance on public benefit w'hen revieviiTrg the eharity'5 aims and obJ'¢ctives aTMI in platming fvtur¢ activities and setting policy forthe year. A¢hl¢v¢mtnts awd p¢rformADte
. Fin#thtiAI revitw
AI thc 8tari of ihe y¢8r. the charitv red loNTr reserv and Lash-flow pr¢ssur¢s. By De¢¢mber 2024, concerted fundraising and grant Su8 had turned this arounl restoring financial Stability and1¥4ying a Stronger found&ion for thcycar thead. The lod to the end of the financia] year Ajxil 2025 s&w 8U8tain¢d finaTL¢ial wins through highly successful grant applicatiLl. Key Fiuan¢T41 Athi¢v¢m¢ttts Totsl gr*nts and douatiDD$ $e¢ur¢d.' £166.367 {2024 £86.992) CoDfirmed major furt41¢rs: C8mbridg¢ City Co11- Digital in¢ly$ion hub £62,940 Cambridg¢shir¢ Counry Council £2,174 South Cambrid8eshirc Distria CA)uncil £5,0(M) Good Tbings Fowidation grani £6.000 ccr- fvticrosoft £1,040 Places for pwple £8.162 o Awards for all £18,170 Evelyn trust £4.788 Briiford Bridge tN5t £IO.IXK) o The Access Troundation £5,850 Alan Btsswell Charity £4.8 Pust¢od¢ IoN¢ry £18.170 I".iona MacTaggart £io,fflo Page 3
CAMBRIDGE ONLINE (A Compathy Limited by Gyaranlee) Trustees? Annual Report for the Year Ended 31 Mgrth 2025 Online FundTaisiDg Appeal: Launched July 2024 v1ajtuIVing raising £2,182 Iwltlb GSft A5d) by Novemt¢r and conunuing In 2025. Corpornts & Communlty Suppfyrt: N¢w collalxTrjOn$ with St110 24. Barelays. SL Johxs ColkKe Crnbridge. and SM5taknable Teth 4 Good provided both fiulding and fft.kind coniribulioi)s. Res¢rves pollcy Can)bridg¢ Online r¢cogni5e5 that it has a duty to erlsure su1¢1¢1 reserv¢g tre maintained to cover its crfmimitments. The commitments and re8erves are rcvicwcd annually with tru51ees aCIng ajj estimate of reserve5 needed cover long term sick pav, redundaDcy. and items not covatd by in5uram¢¢. We ended the yearwith a Surp1 of £4,131 on thuestricted reserves. The tnjstets have Spent con5iderabl¢ effort analy5ing the appropriate use of ]YSlri¢ted and restrictl funds and arc applying changes ihe res¢Tve5 w>licy as wcll a5 future funding stratrgie5 in order to addr¢s$ the imbaiatt¢¢. W¢ anil¢1pa fuiur¢ inwm¢ 5ty¢ams ¢0 r¢$tor¢ unr¢siri¢ted r¢serv¢s and rernatn Satisfied that the charity's rinance5 ar¢ healthy and the rhatity wntiThu¢s to bp a going concern Cwrrent year ov¢tW aDd plans for the futUTe The financial 2024-2025 has bcen one of the toughcsl we've experienced, beginning 'th a move from our long-stsnding offitt in th¢ H#steT Athian Centre to ournew b8se in the Allia Future Business Centre. Atthe 5arn¢ lim¢, we urKierw¢DI a rerrulttnt process Io T¢piare Rosc Charlton-Peel a8 CEO after 2 y&vs in the FK>5ition. We were very fortunate to place Madeleine Cassidy a5 our interim CEO befor¢ re¢ruiling Martug Whewell in December 2024. The relocation and recruiuneni process knth impacted continuity and r¢v¢nu¢ gen¢ration, and the trust¢es aTJd team btsth workd Ir&1iblY hard lo cn8ureour continud provision of servie through(>ut the year. We ended thc Y Fxxtcr located. with improvcd finances with more re3iliertt processe4 strengthened govenhqn¢¢, and with r•)¢w¢d ojximism for the charity and th¢ s¢rvices It provide& On the s¢rvLce 5ide-through a>llaknration. it0vation, gJLd dedi¢ation, Cambridge Onlitte ¢ontiueAI to knidg¢ the digita] diwith fOrthOand5 of residents [OsS Cambridgeshire. emp)wering IJiVidual5 to acc8 e55entiai $¢rvie conn¢d with hers, and dcvelop vilal online skills. . Commy•ity Imp8rt & Seryice Delivery Cambridgc Onlinc's mi55ion to combat digital exclusion Temain¢d at th¢ heort of its work The rhoTity expanded its ¢4mmunity leaminghubs, de¢ie{l its reach a¢ros$ C8Mbridgeshi and adaptrd delivery m(¥Jels to meet local need ProgrArnme Highlights Dottgted over 180 devites including 137 laptops and 19 mobile phones to the needy- iluding the un¢mployc(L cld¢rly. refugee4 people fleeing dom¢s¢i¢ violence. and stlldents. Older Adults Digitsl Illelu5ion Project Icatllbridge City Council}- w¢¢kly drop-ins acTOS$ Six ¢ity Iolations. Older Adults Sotial l$tsl#titstt Projett (Cambridgeshire County co11 l Hopc ClQ- ncw POrtncrship8 in South CarnbridgeshiT¢. Digxt¥l B•dg¢$ Initiativ¢- laun¢h¢d in autumn 2024. offering accredited digital Itning pathways. Device LoAn & Don#tion S¢h¢m¢5- refurbiS]d laptops and mobil¢ d¢vic¢s distributed w th(hse most in nced. ALross these projects, over 150 itidividulls eath mollth accesscd free digital sup[, demonstrating the ongoing and impa¢t of Cambridge Online'$ work. Page 4
CAMBRIDGE ONLINE {A Company Llmiled by Guarnlltee) Tru3tee5' Allnual Report for ihe Year Ended 31 March 2025 Ouroutrea¢h work ¢ov¢rs a wide variety of neols, but someofthe matn areas wher¢ we provided assist8e were a5 lollows: 11. and equipment is3u¢s1917 pwple {Figur¢s irt¢lude'online safety, coutrt til Jan 2025). Htalth I w¢lllxing 1694 pwle LA>oking for employment1123 peopl¢ Signposting to other FQrtners I chaTili¢sl 488 p]e Prtner5hips & Col]born¢io Parthership working Continu to be &d¢f)nin8 str¢ngth of the organisation: Loral GowerAthtnt.. Cknsc collaFMTrTation with Cambridge City ar¥J County Coun¢il$ ¢nsur¢d deliv¢ry aiig)ed with lo¢al irtclw%ion strategies. CorporAte Engggememt.. Barclays led two Fr¢4¢dandOnl¥p S(rfety worksIpS during Ger Online Week 2024. while Studio 24 supwrted fundrw5ing initiatives. Sector Network5'. Activc involvement in the Cambridgeshire Digiial Parlnership> Connecl¥ng Cdmbridgeshire. #t CombFidge CYSbToaderted the ch&rity's reach and influ¢e. These r¢Il0$bips have ]ltoned Cambridge Online as the tN5ted and ¢58¢ntial digitsl incIlOn partr)cr in the rcgion. f. Commurti¢tions & Public Profile A fo¢us on digit marketing and siorytelling acros5 social media 5]Jir1entjY improved engagen)¢nL Consisienl rrf)stitLg acT055 social snedia platfomjs, led to a 15Q/o incrc&8e in onlin¢ follower5. Cambridge Jndgpefrth feaiured the charity following a vi51t fr()tn Daniel Zeidmw MP in S¢pt¢mber 2024. g. People & Volunteers Cambridge Onlirt¢'$ success ts built on irs dedicated team and voluntee Team 202k25 Tron Murfitt-community Inclusion & IT Lthl Su¢ Hoop¢r- Athninists3tion & KPIS Fulvia Pltitelli- Outr¢aGh & B&lg¢8 H4ts1h Chadwick- Outr&qch (Maternity leave April 2024. Febwary 2025) SimoD¢ Mryini-Contyow)r(Outreach LxTrver) The charity 8]so bcncfjied from the comD]itment of 8 rUl& voluni¢¢rs, WI suptM)rt¢d outrexh se8SiODS. japp rebiShMent, 8t eommunity Irdining. We also welwme anew tru5t¢e, Xi•0 Rothg LY#-Hl who has extensive aceountancy experie¢ strengthens our flnancial insight. b. IAMbking Ahead to 2Q25-26 •nd beyond W¢ have furth¢r strengthened ihc knowl¢d8e and expcricnce of our Ixwd of tn]sttt5 With th¢ apintment of Hilgry Cooptr in August 2025 and HnD#h Dalglèbh in oCber 2025. We a150 w¢lwm¢ a tw patron: Dr David Cleevely CBF. FREng FIET 15 a 8cria] tcchTh)logy entr¢pr¢neur, investor, aT¥J onc of the founding figures of thL Cambridge Cluster. He has founded or co-founded more than a dozen organilon5, includitjg Catnbridge Angels, C3tnbrid¥e Network, Cambridge Wirele&8, Cambridge Ahcad. and the Cambridge Sciencc Ccntre. A5 a long-standing advocate for inrtovaiion. educaiion. and digital inclusion. r)Avid bas adviseil Govemment on technology wlicy forover Iwo decwJ£s aTNJ ¢hair$ Ch¢mify and Focal Point Positioning. He was appvinted CBE in 2013 for service5 to technolo 8JJd innovation. Page S
CAMBRIDGE ONLINE (A Company Llmlted by Guaramtee) Trustees, Annual Report for ihe Year Ended 31 March 2025 i Mitigating the Risk8- I1 governme1 reoTgamisAtion Ewer sin¢¢ incwiion in June 1995. Cambridge Online kn beetl generously 5uppord by Camlxidge City Counril's Cotnmunity Support fding. Thts h&$ givcn il mu¢h-nec(kd fJn8ncial stability and core funding and ¢nabled ¢h8riiy to T¢snd io the community needs. From the siart we focussed our eore tiVitie8 in Cambridge City but OUT 5¢rvices have also been provided ouisid¢ the ¢iry, in Hllrttingdon and other par18 of the eouniy. We have a]so had supp)n with smaller short-tern) grant5 from other District cou11$ and Ih¢ Q>unty Coun¢il. Throughout 2024125 the Gov¢rntnent has announ¢¢d the Th)rganisation of Ioutl gov¢mmeni. atA)lishingthe District and Cowity Counci15 and forrning insad 2 (¥ more Uniiary ALfviiies, ¢ov¢ring the Counly are& Although the tx)undaries of the8¢ new unitary authorities are notyel detern)in¢d it rai$ a question about th¢ ¢ontinu10ft of our major sourcc of public sector funding. We are in contact with council r¢pr¢sentstives during thi5 Teorgani5ation period And while Ihe council oudK)rity its¢lf will change we believe we still present a Strong case for eouncil filnding into thc future. Undv the dtrcction of our new CEO, it i$ also th¢ intcniion of the charity to mitl8atc these risks by exrAnding our geographic coverage and our ability to attrati funding from th¢ new Lo1 Govi¥nment Stnjctures. We 50 intend establish ourselves as a trustoj PTovider lo the Cambridgeshir¢ and P•erbomugh Combined AuiiM)rity, which is the one grea of Local (knvemttleni which will cojrtinue to exist b¢yond May 2028. The wning year will focus on: ConK>lidatiort ofothrea¢h progr8mmes and ¢x¢ension ofourservices into PetrrknrougK Hunlingth)n, nal South Carnbridgeshire and Fenland. Lwn¢h of ar¢(ksigne4 accessible websitr. Installation of Beacon, our new CRM system An expansion of our wolunteer progrdmm4 including the Community W¢aith Building Strate8y {'TrJin The Trainer'l Continual divttsifi¢ation of incom4 includin8 corporate srM)nsorship aThJ FAid digifal skill$ servi$. Cambridge Online's mi)0n r¢rnains 8Ltnpl¢ y¢t Fowerful lo ensu thpt ¢v¢ryone, regardless of age. itKome or b4¢kgrouNI, ¢an a¢cess the digit world confjdcntty and safety. St¥tement of Try$tvs' responsibilitits Th¢ Trnstees (wkn 8r¢ a]£0 the d¢¢tOrS of ¢hority forth¢ purw)se$ of compwjy 18wI are resrx)nsible for preparitig the Trnsiees. R¢p)n and the financial statc]nents in a¢Lrdan¢t with appli¢able law 2nd United Kingdom Accouttting SlandaTd8 (United Kin8dom Generdty Accepta Aceouniing Practice). Cornpan). law requiTe5 the TTUStttS PTewdre fIla1 ststements for each fuwici81 year. Under company law, the Tru8tee8 must not approvc the financial 5tatem¢nts unle55 tlw are satisfied that th¢y a tswe a1 fair view of the state of affairs ofthe charity and of its incomingr¢sourc¢8 8nd application of T¢SOUTf¢$, in¢luthn& its incom¢ a[ eXnditU[g, fi)r that period. Jn preparing these fjnanciai statements. the Tru5trts are r¢quir¢d to: 8elect suithble countIng wlicics and then apply them consistently) obswv¢ th¢ mdix)ds and principl48 of the Charities SORP IFRS 102)" make judg¢m¢nts aTLd accounting estim¢$ ihat ar¢ reasonable and pn]dent', $e whether applicable UK Accounting Standards Rs 102} have been followc(L subj<* to any maierial departUT¢S di$¢los¢d and ¢xplained in rhe financial statements.. prepare the financial 5tatem¢nT5 on th¢ going ¢on¢¢rn basis unless il 1$ lrtappropriate to pSuMe thatthe cbarily will continue in bu51n¢55. Page 6
CAMBRIDGE ONLINE (A Company Limlted by Gu4]Tntee) Trustees, Annual Report for the Year Ended 31 Manb 2025 The Trustees are r¢sponsibl¢ for k¢¢ping èdequak accounting records that ar¢ suffi¢i¢ni 10 show and explain the charity's trnnsactions and disclose with reasonablc accuracy at any time thc finamcial >sItIOn of the chJrity cnablc th¢m to ensure that the fin9mc1 5tat¢]nents cotnply with the CompaThi¢s Act21X16. They are also rtsp)nsible for safeguarding the &8sets of th¢ charity and hence tor tsking reasonable sty for the preventLOn and d¢te¢tion of fraud and other irregularitie8. Approved by ord¢r of lh¢ m¢mb¢rs of th¢ Board of Trusm on 22 De¢ember 21)25 and $i8ned on their half by.. Sir Andrew Baird Bt- Chair orTnte¢S Page 7
CAMBIUDGE ONLINE (A Compthny Limited by Guarnntee) Independellt Examiner's Unqualified Report for the Year Ended 31 March 2025 IDdtptndeDt exAmiDer'J report to the trK$tee4 of Cambridge Ollline I reporttothetrustee5 (who ar¢ also Directors forthe pury>ose of comp3my law) on my C%nIntiOn ofthe flnanci stai¢m¢nts of Cambridge Online ('the eharithble company,) for the year ended 31 March 2025 which compri8e th¢ Stst¢tJ]¢nl of Fitwirial Adivitie& th¢ Bala¢ atjd r¢lated tK)t¢ This re]xTrrt is made solely to the charity'8 Irusiees. &8 èlx)dy. in accord8nce with S110 145 of the Charitics Act 201 l. My work h&q beett undertaken so that I mighi to the charity's trust¢eg those mattrrs l am required io State to theTn in this report and for no othei pwse. '] o the fullest extent tKnnitt¢d by ], I do not accept or &%$uD)e resnsIbIlity to 4nyoD¢ oih¢T than th¢ rharity and the charity's tN5tef3 as a b(y$ for my WOTk. for this rewn. or for the opinio]LS I have for[[L. Rp05]hI¢s ••d bisis of report A5 the tru51tt5 of dwitablc wfflpany you ar¢ $nsIbl¢ for th¢ pr¢patalion tsf the fuwx¢io1 $tatonents iti cordanc¢ with the requirements of the Companics Act 2(XJ6 ('th¢ 2006 Aa,). Haying satisfi myself thal the financial stsiemenls of the eharitsble company are nol Tquired to be audited under Port 16 of the Act and are eligible for iThlependeni ex&))in&tion, I report in respect of my examination of th¢ thaTitsbl¢ wtnpaTLy'S fLn#rt¢ial stai¢m¢nts GarTi¢d Und se¢titsn 145 of th¢ ChaTiti¢$ AGt 2011 {'the 2011 Act'} and in carying out my ¢xarnination I have followed ail the applicabl¢ Directions 8iv¢n by the Charity Commission under section 145151(b) of the 2011 Act. An inde]dcrtt examination does not involve gathcring all ihc cvidcncc that would bt r4uired in an audit and Consequently does tKJt Vff all the mattm that an auditOT ¢OllSTdet8 irt ving their opinitsn on the fin8n¢ial siatements. The plwming and conduct of audit go&s beyond th¢ limited &$surce that independent examination pn)vide. Consequently l expressnoopinion &8to whethu the fjnamcial statemetlts present a"tru¢ glld fsyr, view And my repon is limited to those SIfiC matters set out in the independent examiner's sratement. Independent exmintr' stts•¢xt I have completed tlly examination. I confum that no material D)atters have come to my attention iD conTkdion wilh thc ethmination giving me cause to believe that in an) material re5peet'.
accounting records were not kept in res of the charitsbl¢ company as required by sertion 386 of the 2006 ACL or the finthciai sthtanthts do accord Ivith those r¢coTd$', or the finan¢iai s¢8tements do noi ¢omply with lh¢ a¢¢ouniin& r¢quirem¢nts of $¢¢tioD 396 lif the 2006 Aa other than any rcquirement that th¢ finan¢ia] *at¢rnents give a'true and fair view whith is not a matter considcrtd as part of an itCendent examinatiOTL or yb the finwnriai stat¢n]ertts have nDt pr¢parcd in aecDrdancc with m¢thods and ptinciples of the Stst¢m¢nt of Recommended Practicc for accounting and reporting by charities applicable to charities preparing their account8 in accordance with the Finallcial Rqrtl[18 Standard applicable in the UK aT¥J Republic of treland IFRS 1021 Page 8
CAMBRIDGE ONLINE (A Company Limited by Guarnntee) Independent Examiner's Unqualified Report ror the Year Ended 31 Mar¢h 2025 I have w o)n¢¢m8 ond have come across no othu mattcrs in connection with ihe ¢xamin&tion t&) which attention should be (Irawn in this rerM)n in orderto enable a properunder8iatMling of the financial statements to be reached. St¢ph¢n Pinder FCCA MAAT Man5cII & Cv aJartLYed Certified Accounlants 5 Dllcketts Wharf sOh Street Bishop's Stortford H¢rtf0rdsbe CM23 3AR Datr.. 22°, De¢ember 2025 Page 9
CAMBRIDGE ONLINE {A Company Limited by Guarantee) Statement of Financial A¢tivitie5 (in¢luding In¢ome & Expenditure A¢¢ounl) for the Year Ended 31 MAr¢h 2025 31.03.25 Totsl 31.03.24 Total Unrestrirt fumds Rutrided funds Notes Ib¢ome fr(•m: Do81]08 Grants 17,321 20,344 17.321 149,046 14,311 72.681 128,702 Total in¢om¢ 37.665 128.702 166,367 86.992 Expenditure OA: Clwitabl¢ 8¢tiviu¢s 126.529) {81.4911 {108.020) {101.680} Total expendire (26,529) (81,4911 1108,020) {101,680} Net iDcome l{expendithre) Transfers bctWLrn funds 11,136 47,211 58,347 (14,688) 11,136 47,21 58.347 (14,6¥8) Reeoneiligtiox of funds: TO( funds brought forward (7,(M)S) 10.929 3.924 18.612 Totsl funds t*rried forwxrd 4,131 58,140 62,271 3,924 The ai¥)ve rc5uIts were derived from continuing owrntions. The chlty has no r¢cogtLi5¢d gatn5 or losse5 for the year other than the results aix)v¢. P&ge 10
CAMBRIDGE ONLINE (A Company Lltnlted by Guarantee) (Regiytr#tioll Number 03619629) BalAnce Sheet as at 31 Marcb 2025 2025 2024 Notes Curmit wtts D¢htors Cash at bank alld in hand 2,910 62,564 2,960 3267 65.414 6227 Cttditors: Amounis fallijjg due within onc ycar 13203) Q,303) Net trrt assets 62271 3.924 assetg 62,271 3,924 Cb#rity fvd$ Unrestricknj funds Restricted funds 4.131 58,140 {7,5) 10,929 Tot1 hndg 62,271 3,924 FOT the finan¢i81 year e]Mlin8 31 March 2025. the charitable comppJLy wa5 entitled to cxelnption from audit undeT Stttion 477 of the Cornp8nies Act 26. l-rustees, rcsponsibiliiies.. The maJ]b¢r5 hav¢ Th)t r¢quir¢d the ¢h8rithbl¢ ¢ompany to obtsill an audit ofits accounts. for the year in question in accordance with section 476 of the Compalli Art 2(. and The Trub*¢S thwledg¢ th¢ir resp)nsibilities for complying with the r¢quiT¢ments oftheAa with r¢spect to accounting records and thc FK¢paTation of d(thut. Thes¢ firt8n¢ial staiements have been prepared in accordance with the 5peGial prowi5yon5 rcl4ting to d)aritable coThpanies 5ubj¢rt to the Small ¢ompani¢s r¢gim¢ within Part 15 of the Companie5 Act 2006. Approved and authorised by the Board of Tru5te¢s on 22" Dcc¢tnb¢r 2025 and Std ort its Ixhalf by: Sir Andrew Baird Bi- Chair of Tru5te¢s Page 11
CAMBRIDGE ONLINE (A Comp4ny Limited by GuArAntee) Notes lo the Unaudited Finoncial Ststemellts for the Yezdr Ended 31 Marth 2025 AccouDti¥ poli¢ie5 Surnmary of 5igDififaDt accouA¢iDg polirie5 aDd a¢¢owDtiDg estiThte$ Thcprinciplc accountin8 li¢JeS applicd in t preparation of these fLnan¢iai ststements arc set out bclow. These p)li¢1 l¥v¢ be¢n con$i$iently applied to all the yeaT8 present¢¢l unle55 othmvise stat. Stitemettt of eothplinee The¢lrity i5 apublir b¢n¢fit entity these fiTWJLial statemettts hav¢ bern prepar in accordance wirh the Chariiics SORP IFRS 1021-'Accouniing and R¢portin8 by ChaTities'. Strt¢m¢nt of R¢wmm¢nd¢d P¢1¢¢ applicable to ch8rities. the Finaneia] RcrM)ning Stsndard applicable in the UK and R¢public of Ireland (FRS 102) and the Compani¢s A¢1 2006. Basis of PAratIOn Th¢ fJJMncial slalements have been prepared using the historic w5t convention exr¢pt that a5 di%105¢d in the ]M)licies certain items Sre shown at fair valu IDCOrnt All ]rme is reCOld once the charity has cntitlementto the in¢om< it 18 probable that the in¢om¢ will b¢ receiva and the amount ofincome receivable cAn be me&sur reliably. The following wlicies are applied to particular categories of inLX)me: Grants are inrlud¢d in the Statejnent of Finan¢iaJ A¢iivili¢$ ort 2 Jtceivable basis. The balance of ItMe received for specific pww>ses but not experCd during the [trij 15 Sho in the relevomt funds on th¢ Ban¢t Sheet. Where income is re¢eiv¢d in wlwance of entiilerneni of receipL its recognition is deferr and included in creditOT5 &8 deferred incom¢. Where eniiilem¢nt IK¢UTS kfore ineome 15 rectived, the income is accrued. Expenditu Liabilities are recogni%d as expenditur¢ &% s(M)n as there is a legal or (i)nstrurtive obligion comjnittingthe charity io tha¢ exlIre, it w()babl¢ that atransfer of nOMiC benefits will be required in 5ettlem¢nt 9d the amouni oftheobliK81ion ¢an be m¢asured liably. Expenditwe is accounied for on an accn]als b&sis and been c1&%5ified under headings th& aggr¢gat¢ a]1 ¢AMS r¢lat¢d to th¢ category. Whue c4)sts cannot be directly attributed to partirulw heading5. h&v¢ iK¢n allo¢¢d w a¢¢iviii¢s on a basi$ ¢onsisi¢nt with th¢ w¢ Irrewvergble VAT is ¢h8rged8s aco# againa th¢ 1Vity for whith the ¢xp&)ditUTe was incurred. Offitt equiprnemt Expendimre on office equipment is written off ill the year in which it is incurr¢d The trustees are of the opinion that svGh ¢xpenditure has M commercia] resale value and thal in view of this and the nature of the organisation. su¢h costs $lK)uld n(pt be capit18¢. Operating kAsts Renthls applicable to operating le4se8 where sub8tantialty all of the knefits and risk5 of ownership ranain with th¢ lessor, aT¢ ¢harged a8ainsi tn¢om¢ as inwtted. The chariiy is exempt from corwration on its charitable wtivities. DebtOT5 Trade and oihcr debtors are rewgni5cd atthe s¢ttlcment arno1. PrepaYmts arc valued at thc amount prqmid. Cash Cash eqllivAlents Cash and equivalertis comprise cash on hatjd and c1 deposits, and other short-tern) hi8hly liquid investments are readily Convertible to a knwrt amount of ush and are subj¢¢t to 8n iTh8igThificani risk of change in value. Pge 12
CAMBRIDGE ONLINE (A Company Llmlted by GuaraDtee) Notes to the Un4udiled Finallcill Statements for the Y¢ar Ended 31 March 2025 Crtditor5 Creditors are recogni5cII wh¢r¢ the ¢hari¢y h&$ a present obligation re5ultiThg from a past ¢v¢ni that will r¢su]t in Ihc Iransfcr of funds to a third party 8nd the amount du¢ to s¢ttl¢ the obli8ation ean k me&r&I or estitllat&J r¢liably. Creditor8 are reco8niscd at their s¢ttlement aniounL Goimg tontern Th¢ trustees wnsider thai there are no materia] un¢ertaiMi¢S aixlui the chariuble LX)mpany's ability io continue a5 4 going concem. The trnsiees do nol conyi4kr that th¢ arc any sources of estimation uncertainty at the reporting date that have a $ignificont risk of eausing a maierid adjuslmentttk the ¢wry'ing am0¢$ of &$qeL% and liabilities within th¢ next r¢pK)rting peri1. Fund Attounting Unrestricted funds can be u8ed in e0rdn¢t with the charitsble objecuves at the discretion of th¢ tru5te¢& Restricted fidS c8m only b¢ u&¥d for p8nicuiar pUrlseS wiihin the objectivcs of th¢ ¢lurity. R¢strithions arise when specifjed by th¢ dOr or when funds ar¢ raised for wticular restricted pu5¢s. DefI]d ¢ootftbytiott pe$1 obligAtio A d¢fLned wntribution plan is a pension plan undcr which fixed coniributions are paid into apetL5ion fund the comp8ny h&5 no legal or construrtive obligation w pay firth¢r contni)utions even if the fund doe5 not hold StrtTi¢i¢n¢ assets to pay employees the benefits relating to crnploy¢e seTvice in the ¢urrLni and prior periods. Contributions to defin¢il wntribution plBrn5 gre recognised &8 ¢mploy¢e nefIt expense when Ilw we due. If contribution paynents exceed the contribution due for s¢ryit4 ih¢ ¢xcess is reCOlSed as a prcpaymenL Dox*tions 31.OJ25 Total fund$ 31.03.24 Total fund5 Unre5trict¢d funds Restrirted funds G¢nera] Rescrvcs Others undeT £I,O(K) 16,389 932 16,389 932 11.5(K> 2.811 Pe 13
CAMBRIDGE ONLINE (A Comp4ny Limited by Guarantee) Notes lo the Unaudited Financial Ststsm¢nts for the Year Ended 31 March 2025 Grdnts 31.03.25 Totsl lunds 31.03.24 To¢1 fund5 Unrestritted fund$ Restricted fvnd$ Cambridge City CK>mcil Cambridgc Digital Grants Good Things Foundation South Cambridgeshire County CousJciI Huntittgdon City CA>uncil Huntingdon Tow) G)un¢tl ATbury Surgery Clothworkers Foundation grrt CCF-Micro80ft Places for People Evelyn Trust Britford Bridge TTU5t Awards for All EEM City Council Post¢od¢ Lottery Alall Boswtll Challty The Acce55 FouTrdation 55.000 7.940 6.orJ) 5,0(M) 590 .362 55,(M)O 7,940 6,000 5.000 590 1,362 40.000 15,208 4.000 8.025 1.448 ,040 8.162 4.788 10.(MM> 18.170 1.040 8.162 4,788 10.(M)o 18.170 2,174 18,170 4,800 5,850 I49,{6 2,174 l8,170 4,800 5.850 128 702 72,681 Totsl Resowrtes Expended 31.03.25 Ch4ri¢bk G•w¢rttgth¢¢ rtivitits tosts 31.03.24 Totsl Resources Charitxble Adivities GovernA#¢t costs Totjl Re50urt¢s Salaries (Note 6) Other costs 87.945 87,945 85,940 85,940 720 720 106.472 1.548 108 020 101.680 Trwstees's reMneratiO ttd btntfits Thcre w¢r¢ no Tru5t¢¢8' r¢mun¢ratioll or othcT b¢n¢filS for th¢ y¢gr ended 31 March 2025 nor forthe year ended 31 March 2024. Trn51¢¢s' ¢ip¢nsts Th¢re w¢ Tn151¢rs' rxpEJ]s¢s paid fortheytsv ended 31 March 2025 nor for th¢ year cnded 31 Mard] 2024. K¢y management personnel The charity considers its key mana8ement person1 to consist of the TTU5t¢¢s 8nd Chief Exe¢u¢iv¢ Officer. Kcy T$01me1 remuneraiion LYTrnsisicd of gross pay £43.154 {2024: £41.7311 aT anployer's pension conlribution £1,075 {2024- £1,005). Page 14
CAMBRIDGE ONLINE (A CompaDy Limited by Guarantee) Notes to the Unaudited Financial Ststements for tht Year Ended 31 March 2025 Stsff ¢Dsts 2025 84.886 1,329 1,730 21124 83.603 795 1.542 85.940 WaEts and Tle ial SWUTity wsts Other rn5ion costs The average monthly number of Cmphyeu during th¢ y¢4r w&8 follL)WS: 2025 21124 Full-time ¢quivalents No ¢mployK rw¢iv¢d ¢molwn¢nts in ex¢e&s of £60,(NI). Debtors Dtbt•rs: mounts falllrtt withlm one yolr 21125 1,950 2024 'rrad¢ debtors AwrLKI income Othcr deor5 2,000 960 960 2.910 2.960 Creditorn Crediton: f#llini dut wlthSn oty¢ y¢gr 2025 2024 Dme wi¢hiD one year 'IatIon and socia] security Other¢r¢diwrs Accrua15 1,702 373 1.049 534 720 2.303 Page 15
CAMBIUDGE ONLINE (A Company Limited by Guarantee) Note5 to the Unaudited Financial Ststements for the Year Ended 31 MArch 2025 Movtmtnt i# Net Trnsfers Baln¢e t mov¢m¢Thl b¢twttn Bhnee at OJ.0&24 futhd$ nd$ 31.03.25 Unrestrirted hwd5 G¢n¢ro1 r¢s¢rve8 Others utth £l.000 (7.005) 11.136 4,131 Restri¢¢ed funds CAmbridg¢ Cily Coun¢il Cambrid8e Dsgitsl Grants G(KKi Thitlgs Found4tion grant South Cambridgeshire County Council Hunlingdon City Council l.1untingd0n.low Council ClothwoerS Foundation grdnl CCF- Micro80ft Places for Pe4)ple F.velyn TrL Briiford Bridge Tnjst Awards for All Alan Boswell Charity The Accw FoUnd10n 15.0(M) 15.IKX) 5,500 5500 492 ,135 14.0(M>l 13.4811 5,354 112021 6,667 14,384 io(xk 492 1,135 4.000 3.481 1,448 2,0(M) 6,802 798 6,667 14.384 2.000 Tot•l funds 347 Pag¢ 16
CAMBRIDGE ONLINE (A Company Limited by Guarantee) Notes to lh¢ Unaudited FinanclAI Statements for th¢ Year Ended 31 March 2025 Mov¢th¢ttt in fuxds-t•ntiDued Nd tDovw¢Tht in fuTKJ4 includal in Ihe abovc are &8 follow5: Net ltt¢oming Resourtts movement resour¢es ¢xptndtd ID funds UDrestricted httds General rescrvcs (hhers under £l.O 36.733 932 (25.597) 932 11.136 Restricted funds Cgmbridg¢ City Council Cambridge Digital Grants G(M)d Things Foundation 8roni S)uth C4mbridgeshire Couthty Council Huniingdon City Council l.luntingdon Town CourKil Clothworker8 Foundation CCF- Microsoft Places for PpIt Evelyn TnLst Britford Brid8¢ TnL%I Award% for All Alan Boswell Charity 'Ih¢ A¢w$$ Foundaiion 55.0(K) (40.(K) 7.940 17,940) 6,000 15001 5,0(M) (5,0(K>l 590 198) 1,362 (227) {4.0(K)I 14,(KX)) {4.5211 (3,481) {2,808) 5.354 (s,9} (1,202) 13.333) 6.667 13.786) 14,384 12.81X)) 2.0(M) 1488 15,0 5.500 492 1.040 &162 4,788 10.O(K> 18.170 4,81K> 128702 81.491 4? Total fuDd$ 166367 108 020 Page 17
CAMBRIDGE ONLINE (A Company Limlted by Gu4raDtee) Notes to the Unaudited Financial Ststements for the Year Ended JI March 2025 Movement ID fund5- tontiDM¢ Comparatives for Tnovemetlt in bjnds Net Transfer4 a¢ m¢*vem¢nt belwttn Bglallee At 01.M23 Im fuThd$ futhds 31.0324 UDTestrirte41 funds Gentral reqerves Others under £1,000 11,718 I I,SOO 130,223} {7,IK15) 11.718 11.500 30,223 7,5> Restricted funds Cambridge Ciry Coun¢il- Dikiia] inclusion hub CambTid8e City Council- Capacity grants G(K)d Things Ftsundatii)n giant South Cambs Distri¢t Council- D¢vi¢es South Cambs District cowl1- Summer 5UPFOrt grant Arbury Road Surgery Clothwork¢r$ FodrIon wi CCF- Mtcrosoft Places for PpIC Evelyn Trust (30.892) (3,128) 366 (2,013) 30.892 139) (1,933} 13 (160) 1,450 3.167 l 567 (1,450) 4.000 3,481 1,448 3,481 1.448 2.(K>O 30.223 Totsl fund$ 18,612 14.688 3.924 Page 18
CAMBRIDGE ONLINE {A Company Limited by Guarlltee) Note5 to the UDaudited Fingn¢i21 Ststements for the Year Ended 31 March 2025 MoYtm¢•l in fynd8- continutd CompaT8tiv¢s n¢t movement fi]nds. included in the atMv¢ ore as follows: Net IDcomi•g Re50ureeg mthv¢mtht tysourees eipended UDfÉstri¢t¢d Go)¢rel r¢serv¢s Others under £1,( 11,5(X> Restrietsd fvnd$ Cambridge City Council- Digital inclusion hub Cambridge City Council- Cwity gnJits G£ ThiJ]g5 Foundation 8rtt SoLrth Cambs District Council- DcviL%S South Cambs District Council-Surnm¢T 5UPIKIrt grant Arbury Road Surgery Clothworkers Foundation grant CCF- Microwft Pc¢S for People Evelyn Tnt 40,0(M> {70.892) (30.892) (3,127) (3,12D {1.634) 366 (2.0131 (2,013) 2.000 15,208 (16.659) {1.451) 4,0(X) 4,000 .025 3.481 1.448 1.448 14.544} 26,188 Total fuDd8 86 W2 1101680 14.688 15. Relat¢d party transAttioDs There were tK* relat pty bxnsftdions for the yearentsl 31 March 2025. P4ge 19