2024-07-31-accounts

CAMBRIDGE IN AMEIUCA (UK) LIMITED REPORT AND FtNANCIAL STATEMP(rs FOR TFIE YEARENDED 3 1ST JULY 2024

CAMBRtDGE IN AMEIUCA (UK) LIMITED FINANCIAL STATEiEKts FOR THE YEAR ENDED 3 1ST JULY 2024 CONfEKtS.. PAGE., Trt￿teeS lieport Auditors Report St&Èe￿n¢ of Fin8ncial A¢tsvitiss BalatLce Sheet Statemettt of Ca8b Flow8 Notes to th¢ Finwial Statements 10- 14 Registered Office.. 115c Milton Road Cattthridoe CB4 IXE Auditors.. Prenti$ & Co Ll CIWte￿ AcGountsAts & Stamiory Aud(tors 115c Miiion Road Cambridge CB4 IXE Bankers.. Barvlays Bank I Churc￿.1& Place t£i¢esi¢r LE87 2BB Wise Busilless 56 Shoreditch High Sttret [XJs￿On El 6JJ tnvestme&t Brokets: Charles Stanley & Co Lin]ited 1st Floor 3 Ststiott Square Cambridge CBI 2GB Register¢d Charity Nwnber. 1128757 iiegistered Company Number. 06804777

CAME)RIDGE IN AME]UCA (UK) LIMITE,D PA(3E I TRUSTEES REPOR'r FOR THE YEAR ENDED 3 1ST JULY 2024 The Trustees are pleased to pre5eDt their annual Tnjstees Report togeth¢r witii th¢ financKal sratements of th¢ ch<irity for the year ending 3 1st July 2024 which arc also prepared to meet the rquirctneTrts for a directors Teport and accounts for Companies Act PUTposes. The financial statetnents comply with the Charities Act 201 I, the Companies Act 2006, the Memoranduin and Anicles of Association, and Aceounting and Reponing by CharL(Les: Satern&nt of Recommended Practice applicable to charities preptLring their accounts in accordance w.th ihe Financial Reporting S(andard applicable in the UK and Republic of Ireland (FRS 102) issued October 2019 (effective l January "0191. DIRECTORsrrRUSTEES The directors of the rharEtable corrypany {the charity) are its Trustees and arE collectively referred to a5 the Board of Trustees. The metnbers of the Board of Trustees during the year were as follows: William Janeway Adrian WelSer Ruth Whaley Robert Sansom Paul Warren The Trustees have the power at anytime to appoint any pw50n to be & Trustee of the charitable compally. There shall be & tnillirnwn of hvo"fThstees, but no maximum. Kty Management Per50nNel The Truste￿ consider that ttL¢y comprise the key management of the clmrity iii charge of directing and controlling, running. operating the chari(v on a day to day basi5. OBJEcfivES, ACflVITIE.S AND PUBLIC BENEFIT c￿bi.1dgc in America (UK) Limited's chatit&ble objecti￿e is to advance education and science. in particul￿ by supporting Cambridge in Atnerica and the Univetsily ofcambridge and itts consLituent Colleges. Th¢ Uuiversity of Cambridge uses the funds it receive5 from Cambridge in America (UK) for charitable purposes. ror exatnple, students beiL efit from monies used to ¢r¢ate bursaries wid to support sports- faculties and fellowships benefit from ￿ndS (lonated to the colleges and departtnents- and the public benefsts fro]n the fjjnds received by various areas of the UtLiversity, including the Library. The charity thndrais¢5 in order to provide grant 5Upw￿ During the yezr. the d]arity continued its fundraising activilies, rdising donations of £606,246 {2023.. £1.089,5 IJ} ir.clud5ng rE¢overable Gift Al￿ and donating a total of £592,440 (2023.. £1,068,425) to the Uniyersity of Cambridge and It's con5tithent College5. Publie Benefit Stal¢ment The Tiustees hay¢ haa regard to the Chariiy CO￿ttE￿s1On's guidance which sets out the twuiretnents for chariiies io demonstrate that tli¢ir aims and activities are for the pllbLic benefiL FINANCIAL REVIEW During the year cnd¢d 3 1st July 2024, the clwity received doTha:ion5 totalling £510.275 (2023.. £95S,956) of whicli £510.275 {2023.. £958,956) were restricied. lrt addiiion, the ch&-ity recovered GiftAid of £95,971 (2023.. £130,557) on donations. Expenditure for the year totalled £606.438 (2023.. £1,079,928). £592.440 (2023-. £1.068,4251 of this total related to grant5 tnade to the Un1￿crS1ty of Cambridge and it's constituent Coll=ges. The fiiids at the year ended totalled £120,960 (2023= £121.144) of which £Nil (2023= £969) was restricled and £120,96012023'. £120,1 15) was unrestricted.

CANIBRtDGE IN AMERtCA (UK) LIMI'tED TRUSTE,ES REPORT FOR TEIE YEAR ENDED 3 1ST JULY 2024 Rc8¢rves Policy The Trusiees have reviewed the req￿ireMent of the charity for ffserves and have detern)ined"th&t the level of r¢stricted ttds allow tlie ¢hariry to underrake its future charitable activities as a granl giving entity. The Trastees, policy is to distribute th¢ rnajority of incolne received in the year. Fundraising Policy The chai'ity aiD]s to achieve best PA7¢ti¢e in the way in which it cowallutticates ￿1th donor5 and other supporters. It takes care with botfr, the tone of its communicatioD5 and the accurdcy of its data to Mini￿lse the pressure on sUPPOrters. It applie5 best practice to prolect supporters, data and neyer sell dat4 it lleyer swaps data and ensures that Communication preferences ¢an be clLanged at arLy time. The chaiity manag¢s its own ￿.￿draising activities and does not employ th¢ servires of profession81 fimdraisers. The charity undertakea react ro aDd investisate any complaitlts regarding its fimdraising activiti¢5 and to learn from thern 2nd improve its service. During the year to 31 July 2024, the charity r￿e1Ved no complaints about its fijndraising activities. STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution Cambridge America (UK) Littuted is a registered charitv, Charitv Registration Numlw 1128757, and also a cotnpany with share capital, Company Registrdtion Number 06804777. The £1 Ordbiary Share capital is owp.ed by Cambridge in America, an organisation b&%ed in New YOTK USA. The charitable company is oovemed by its Memoranduln and Articles of Associ&lion. Risk ManAgtment The Trust¢E5 have assessed the major risks to which the charitable company 15 ¢xposed, in particular those relatr.ng to the operation of the charitable company dtLd its finances. Given the nature of the chdritable companys ￿tiVItieS, tlic risks are IEmited. The Trust¢e5 ate aware of the need to Tnonitor grdllt expendkture and n]anage hr¢igA exchange risk. Monies are granted to a restricted number of recipi¢rtts withitt the Loiver5ity of Cambridge and it'5 Constituent Colleges, and the ¢haritable cotnpany does not comrnit to rnakintr grants until income bas been received to cover the grant. ST ATEME￿r OF TRUSTEES, RKPOLYSIBILITIES The charitable CO￿panIS TrLStees (who are also directors of the charity for the purposes of company law) are responsiblc for preparing the annual teport and financial statements in accordallc¢ wÈth applicable law and United Kingdom Generally Accepted Accoulltlllg Practic£. CO￿panY law requis the Trustees to prepare financial ststem¢nts for each financial vear which give a true alld fair view of the state of affairs of Ca]nbridge ill Ameri￿ ILI() Limited and of its income and expenditure for thE f￿a￿¢[al year then ended. In preparing tliese finalleial statrmellts, the TTUSt¢es Bre required to.. select suitable ￿QU￿tIng poLi¢ies and then apply them consistently. • observe the methods alld principles in AKounting attd Re￿rtIng by Charities.. State￿¢￿t of iiecommended Practice applicable to charities preparing their accounts accordance with the FIll￿ClaI Rq)orting Standard applicable in the UDited Kingdom and Republtc of Ireland (FRS 102). nttke judgements and estimates that are re&8onable and prndenL State whether applicable YJKC ￿coUnting standards have been fo15owed. subject to any tnatcrial departure5 disclosed and explained in the fmancial statements. prepare the statements on the going concern basis unless it is inappropriate to pr¢5Utne that the charity will continuc iii QP¥raiiOn. ThE Trustees responsible for maintaining Jroper accounting records which disclose with reasonabl¢ actuiacy at aiiy time the financial PDSition of L4e charitable ¢omp8nv and which enable then to ensure that the financial Statements ¢omply with the Companies.4ct 2006. The Twstees are aL-o reswnsibl¢ For iafeguarding thc assets of the charitable cornpany and hence for taknng reasonable steps for th6 prevention and detection of fraud and other trregularities.

CAMBBIDGE tN AMEiUCA lUt(l LIMrrED PAGE 3 TLiusfEES REPORT FOR THE YEAR ENDED 31ST JULY 2024 STATEKENT OF TRU8TEES' REPON51BtLtTIES ....Jtoadhutd Eacb of the T￿￿1￿<3 conf1Th5 th¢t'. • $0 as th¢ Tr￿Slee 15 awwe, theR was Jw Tel¢varti wdit infornmtion of wbich the rthaiitsble >)nv￿Y'S aUdi￿r 19 und￿TE., attd the TNsie¢ has iak¢n all steps that t￿l$he ou8ht to bav¢ takcll a5 aTr￿￿¢ ui orde". io make htswiPknelf aware OF any rtlevatst oudit iThfornMiion and b> ¢$lablith thai the ¢hariiabit rK)rnpang8 auditor ts awiTB of tt￿l ittfomiaiion. Tlus confjJEnation is 8iv¢n 8nd 3￿ju1d Ix inwreted in %C(*d8t￿ wiib th proviyion5 ofs4l8 of Ibe Q)rnpaThi&s Act 2006. Signed ort behalEof the Ttuste¢s by". RUTH M WPtALEY Trusk¢ AppFoved by Tnwiees on .

CAMBlitDGE IN AMERICA (UK) LIMITED PAGE 4 INDEPENDENT AUDITORS REPORT TO BOARD OF TRUSTEES OF CAMBRtDGE tN AMEBJCA (UK) LtMtfED FOR THE YEAR ENDED 3 1ST JULY 2024 Opinion We have audÉted the financial 8taternenL8 of Cambridge in America IUK) Limited for tbe year ￿dea 318t July ?024, which fjornprise StatrmerLt of Financial Activities. B￿all¢e Sknee( Cash Flow StAtemenLS ond note5 to th¢ statements, ittcludillg a suuutw of significant accoutiting policies. The finatte1￿ reporting franKwork that has been applied in their preparation is &ppb"c&ble law and L.n1¢￿ Kinudom knountiDg St2lldards. includiog Fitiallcial Reporring Standards 102: The Fitmncial Reporting Swidard applicable sn the iJK atd Republic of treland Cutiited Kingdom Generally Accepted Accounting Practice). In our opinion, the financ.al 8tatements'. give a true and fair view of the state of the Cbaritl8 affairs as ai 31￿ July 2024 of it8 incomillg resources and application of resow¢N for the year then ended: have been properly prepared m accordance with L.nited KI￿￿d0￿ G¢n¢rally Accepted Accounting Practice. have been prepared itt accordance with the requirements of the Coll)panies Act 21X)6. Basis of Opluion We conducted our audit in a¢¢ordance ￿1￿ tntemational Srandanls on.4udittng (UK) (ESAS (ttK)) and applicable law. Our responsibilities under tIMise 8Lqttdard5 are described in the Auditoes respo]JsibilitieS for the audit of the finaneial statetnents wtiollof our re[￿. We are inde￿1 of the Charity in accoldance ￿7th ethical requirenMts that are relevant to our audit of the financial Staiements in the LK" including the FRC'S Ethi-￿ Standard, 8nd we have fulfilled our oth¢r ethioal r￿po￿81b1lLtleS ia accordaL-e with these requÉrements. W- beIieve the audit eNidence we have ObtaEt￿ is sufficient and appropriate to protride a b&sis For our opinio Coneluslons Relatiug to Goill8 Colleer tn auth.ting the [￿w￿La1 statejnellts. have concluded that the trLL8t¢%%' use of the going Concern b&sis of accounting ill the preparatiott oEthe financial statements is appropriate. Based on the work we hav¢ p¢rfortlled, we have nor identsfied aoy ujaterial uuwta5nties relatiog to events tha4 ittdividually or collectivelv, maycast siwficani doubt ott the charitys ability to continue as a goiug concern for a periDd of at least twelve nLonths froni when ttLe fiTJallciRt statements ar¢ allthoTised for issue. Our respoJJ8ibilities and the re8POQ5ibilitiss of the ttU8Éeeg Mryth r&%peet to going cot￿ern are described in the relevukt section of this report. Other lllformation The trustettg are re8poll8ible for o11￿ itifornmtioll. T￿¢ other informalion con]prise8 the inCorn￿tion included in thE ar￿￿al report other than th¢ financial 51alemellts a￿d our Auditoes rep)rt thereiL Ouropinion on the fiDancLal statements does tiot cover the other llJfortllatiOll an(L except to the extent otherwise expltcitiy Stated in ow reporl, we do ttot express ally fomi of assurance conelusion tILereo tn connection w'ith our atsdit of the llttall¢ial suteTr¢nts, our resp(TrnsiThility is io read the other lnf0rll￿tiDll and, in doing so, consider wheth¢r É&e otber infortnation is matcrially in¢0￿8]￿tellt with tbe financial staternents or our ktsowledge obtained in the audit or otlLer¥Fise ￿pearS to be materially Enisst8d. If we identify such Duteriai inconsistencies or appa￿ttl nialerial misstatejnettts, we are rwuired to d¢termille Wh£d￿ is a material misStAtenLent in the finattcial stst¢ments or E4 ]nalerial misstatemeryt of tb¢ other Inforn￿ti0tL If. based on the WO￿ we h&ve perforn we conclude tiqat he.r is a nLaterial misstaietnent of this other irJfortt￿ttO￿ we are requtred to that faot. We have nothing to rwrt in this regar(L OpilllOli$ OIR Other matters prescribed by the Comp2Dles Aet 2006 In our Opinio￿ based on tbe work undeTtaken iti tbe course of tbe audiL the iDfornvdtion ￿Ven in the an￿￿1 report for the fiuancial year for which the fioancial gta*ments are prepared is coi]sistellt with rbe fjuallciai staten]ent5,' and . th¢ report has been prepared itt accordance with applicable legal rtquirneThts.

CAMBRIDGE tN AMERtCA (UK} LtNIrrED PAGE 5 [NDEPENDEr￿[ AL]DITORS REPORT TO BOARD OF TRUSTEES OF CAmBRll￿E tN AMEIUCA (UK) I.tMITED FOR THE YEAR ENDED 31ST JULY 2024 atters on whlch we are required to report by exceptio Ill the Light of Ihe knowledge and understalw￿'ng of th¢ Ctwrtty attd it enviromnent obtatned tn tF£ course of tbe audiL we have not ideTLtifLed material mi88iatements ill ibe Annual EieporL We have nothing lo report respect of t￿e follow4ng ttjatters in￿la￿On to wbi¢b tbe Colljpaoies Act 2006 requires UB ro rgport to you if, in our opirtion,. adequate accouutills records haye uot been kept or retsulls adequ*¢ forour auditbave not been received from b￿d￿h¢S not visited by us., . the financial StateMell￿ &re ]Lot itE ag[ce￿¢Tht ￿[h the aC￿U￿ting records alld rettwus. ' certain disclosures oltnLstees' r¢mun¢r&tion specified by law are not made. or • we have tLOt obtasned dl the ithfornjation and explatsatioLq t￿eSS￿ for the pwpos¢s of our audiL Regpollslbllities of the Trustees AS expl&klled llwre fidly in the ttustees, responsibilities siatynent set out on page 2 tbe ttustees are respoosibie for t prep&ratioll of the financial ststements and fo.. being satisfi¢d thai the} give a tru-. and fair viesv, attd for such interDal control as they detertnille is necessary io eoable the prepardtion of finaucLal sktanents that are free frnm material tni￿latern8nL whetiwr due to fraud or error. In preparing the financial $tatement& the ttustees are ttspottsible Eor assessing the Charitys ability to continue as a going ¢oneenL disclosing. a5 app￿"¢abLe. matters relaied TO going ¢oncem and the going coucerD bssis of accoullting unless the In￿￿¢5 eithtt intend to liquidate the Cknity or to cease operatiOILS, or haye no reaiistie alternative but to do so. Our responsibillile5 for the audlt Of the IknAnclAI statements Our obje£uve8 are to obtain re&80nable a&wrance aEK)utwhether the fiaancial 5[aL￿ettts &% a whoL¢ are free &ommaterial tnisstatemettt, ￿ts¢ther due to fraud or error, and to issue an Auditoe8 report that includes our opinion. Reasonable assurance is a high level of assuraace, but it is noi a guarantee that &udit conducted in ￿rdalltt wth ISA8 IUKI will always deduct a nmterial miss¢atem¢nt wh¢n it exists. MI￿tate[￿ettts can arise from fraud or emir and consi(tered ll]ateriaL IE, individually or in aggr¢gat¢, &¢y could rEasotthly be expected to it￿Uc[￿¢ th¢ ¢COttOTnic decigiolls of USErs takett Oll the basis of ttsese 5￿a￿cIal 8tateu]ents. IdeDtifyiThg and assessing potential risks TelAÉ¢d to irregularlttes trregul&rities, iwludsll8 frau& are instances of nop.-¢omplianc¢ laws attd regulatioL8. The primary responsibiltty for th¢ prevention and dctrLtion of irregularities including fraud resL5 Tr7th both the man&oem¢nt a[￿ those charged with govwnce of Ihe ch2ritable ¢(Impany. We design prwedures in line with our responsibilities. out]Éned &bov4 to detect materKal isstatement8 itirespe¢t of Èrregularities. includillg frall(L We have WDsidertd the nature of the Ind￿$￿ atd 8eetor. ¢ontrol enViro[m￿LL I&w8 and reg￿atio]L$ and bUSiti￿ perfomvdnce of the charitable cotnpany. Laws and reguiatioThs consid¢r¢d inciude<L but We￿ not li]nit¢d to, the Cotnpanies Act 2006, FRS 102, Clmriry SORP attd UK thxation legislation. We have ¢nqtsittd with the mallagement in regards to tbeir assessmentof the risks of irregularities, includmg fraud. We akn enquired of n)an&g¢ment aTLd those charged with goverLallce &8 to aoy instttuces of llon-cortu)liattee or suspected non-cotllpliance with Laws and re8ulatio￿. We obtaitied relevant documelltatiott and represenraiio]Lq in order to forni ao ¢)pinioll potwtial irEegul&rities. including fraud. We ¢on5idered the opportuoiti¢s attd inc¢ntives that exist within the organisatiou for frau Bas￿ on ibis understalld￿g, we desiotted specific 84udit procedures to tdeuury instauces of non-compliallce with laws alld regulAtiong. includittg obt&itiiDg additionat corroborative evidence as required. Exa5llples of procedure% iticluded reviewing Eargc and tuiusual trattsactions, reviewing large and ullexpected variance5, reviewing journ￿ ¢rLÉries aTEd reviewÈng relevant legd correspoud¢llce.

CAMBRIDGE IN AMERtCA (UK) LIMITED PAGE 6 tNDEPENDENf AUDITORS REPORT TO BOARD OF TRUSTEES OF CAMBBJDGE IN AMEIUCA (UK) LtMrfED FOR THE YEAR ENDED 3 IST JULY 2024 There are utherelli limitations in the audit pnx¢durei described above, not I￿1 a5 5awling is Us￿{ u[￿tr Intetnational AuditirLg Standards, therefore not au transactions are rewLwed. TherEfore. ttLere is & risk we will Thoi detect all iueguiarities irwluding those l-aditkg to a material misstatetnent in the fi[￿￿[al statements or non-comp11all￿ with regulatioDS. TILe risk of not dett¢tillg & rnateriai misstatement due to fraud is also higher than the risk of not detecting one from error. &$ fraud tnay involve deltberat¢ ¢oncealmellt by. for example, forgery, ¢ollusiotL OD]iSsioo or intention￿ tnrsrepresentatioll. A further description of our respoosibiliti¢s for th¢ audit of the fina￿1￿1 stat¢mettts is located oll the FinartciaL Reporting Council's website at.. www.fr.0rg.uklaudltor5fwK>￿1￿I1[tr¢fj. This dwriptioll ftsr￿ part of our A￿dI￿r,9 reporL U8¢ of our Report This rq)ort is tnade sol¢ly to the Clwitls metnkn. as a b(NJy, iti ac£ordance with Chapter 3 of Part 16 of the Compatiieg Act 2006. Our audi¢ wor& has been undertaken so tha( we mighr s￿¢ to the Charitys rnellLbers those roatters, we arE required to 5Èate to them in a Auditor's report ond for no other purpose. To the fullest extent pemiitted by law, we do not accept or assullLe reSpO￿lbIlIty to anyone other than the Cbaritys m¢mb¢rs ￿ a body, for our audit v￿rk, for tbis repo¢ or for the opinton8 we bave formed. Nigel Prentis FCA Senior Statutory Auditor for and on behalf of Prentis & Co LLP, Chartered Accountants aud Ststutory Auth"rot 115c Milton Road Cambridge CB4 IXE U¥-.

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CAMBiUDGE IN AMEiUCA (Ukl LIMITED PACIE 8 BALANCE SHEE[ AS AT 3 1ST JULY 2024 2024 2021 Curreiil Asryets Debror5 Cash aE b*nk 974) 167,038 168,Q08 Current iiabilltt Creditoi 10 {5.l57) [46.8631 NET ￿￿ETs 120,961 TRE FUNDS OF THE CILIRirY: Clllled up $hartr c4itydl C5tricted fiiDd$ Ullrestricied fi￿dS Generat fijttd 12 969 12 120.960 120.L75 I20,961 121,145 Approved by the Board of TnLSLe¢s on....... R M WHALEY TRUSTEE Tkn on pages ko lo 14 forni p8rtof th¢sE fuwKial

CAMBRIDGE IN AMERICA (UK) LIMITED STATEMENT or CASH FLOWS FOR THE YEAR ENDED 3 1ST JULY 2024 2024 2023 Notes Net Cash provided byl(used in) op¢rating ac¢iviti 14 {40,920) 53,397 Change in cash and castL equivalerlts in the reporti:Ig period Casl) and cash equivalents at the beginning of the reporting period C&%h Ènd caslL equivalents at the at the end of the reporting period (40.920) 53,397 167,Oi8 113,641 126.118 167,038

CAMBRIDGE tN AhERtCA (UK) LiMrrED PAGE 10 NOTES TO THE FfNANCIAL STATEMEKrs FOR THE YEAR ENDED 3 1ST JULY 2024 ACCOULITING POLICIES Baslg of prep&ratioll Jnd a85essn￿llt of goillg concern The fu￿￿ela[ 5taternellts haye been prq)ared the his1￿rical ￿8t convention with it¢WS ￿COgniSed at Gost or transaction ￿Alue uole&s otberwI￿ stAted in the relevant tLOtes to tbese fJnan¢ial ststements. The fllmncial Statell￿O￿ have been prepared in aceordanc¢ ￿1th th¢ StAtement of Recommended Practice,. Accouutins and Reporting by Charities preparing their a￿oll￿ts fft accordance the Financial Reportll Standard &pph"cable in the United Kingdom and Republic of Irelalld (FRS I021 issued on October 2019 2nd tile Financial Reporting Standard applicable in the Ltiited Klngdom atyj Republis of Ireland (FRS 102}, Charitios Act 2011 and the Compaaie8 Act 2(x)6. The Clwity ¢ollstitsJtes a public benefit ent&ty as defit]ed by FRS 102. The presentatiotDI currency of the fillancial st&temeDts is the Pi)uDd Sterling (£). AsxessEnent of golng coDce Tbe Tnjstees knave ass&ssed ￿thetILer th¢ w of the going concern assumptioll is appropriate in preparing tbe finantrial statetnents. The TnLitees knve made this a&sessmeftt in re8PCCt to aperiod of ons year frojn the date of approvat of these financial sratetlleots. Tbe Trustees of the charity have concluded that there are no D]atvial uncertailltie$ r¢lated to events or conditions that may casi siguficani doubt on rbe abtlity of charity to wntinue as a gotng concerL The Tnutees are of the optnion that the charity will have sufficienl resourceg to meet its liabiliues &$ they fall due. Critical accoulltlng estiO￿te$ aud areas of jUdge￿ellt Other thatL the assessment ot going ￿￿ern, the preparation of fillan¢ial Ststetnents did A￿t require the Ttustees to make any $&gDifieant jydgeDJeots or estimates. b) lllcome recognltlon Incotne is rectignised iti the period in which the ¢lJar.ty is entitled (o ￿CeiPt, the ￿￿Ount Can be measured reliably atLd it is yrnbable that in¢ome will be received. Illeotlle comprises donations Nd)ich are recognis¢d when tILe GEarity has ¢onfim]ation of both tthe amowit and settlement date. tn the event of don&tiOD5 pledged bul not receive￿ the awouni is acCn￿l for wbere the receipc is considered probable. tt& the event tbat & donation is subject to co￿dit￿on$ tbat require a level of perfo￿nanCe before the charity is entitled to the fund& the inc0￿e ts deferred alld llo( recogDised until either those colldittolls are fully meL or fLdfiImeni of those eonditiotss is W1￿[[Y within the control ofthc charity and it is probabl¢ that those Conditions will b¢ hlfilled itt the ￿e￿ltitig perio Expelldlture reeognltioll Liabiliiics are ￿COgniSed as expendimce as soott as there is a legal or cottstsuctive obligation Committing the charity to make a payment to a Ehird pw. it is probable that a trallsfer oleconomic benefits will be will be required in settletllEni and the anwulli of oblÈgatioll can be ￿taS￿re￿ reliably. EXpe￿Il￿￿re camprises payable as part of tELe cl]ari￿5 charitable activities, as well as administrative costs pertairiillg to the charity and its grallt-nllk￿. GraDts pavable are included ill tILe SiatemeDt of FI￿nCilI Activitie8 when approved aNI when the intended tttkpient has eith¢r received the funds or b¢e inFonll¢d of the decision to make tht donation and ba5 satisfied all rela￿1 conditions. Grants approved but not paid at the end of the fmancial {eri￿ are accrued Cor. Grallts where th¢ bthefictary has ￿0[ been infonned or ELas to meet certain Conditions befoR the <ryit is ￿leaSed 8re not accrued for but are noted as fir￿l¢l81 commitments Ill th¢ notes to the fu￿ncial statements. AiL expetLditure is stated inclllsive of irrecoverable VAT. d) Debtors Debtor8 are recogwsed at their settlement allLoun4 IG8S any provision for [￿-reCOvera6Ili1y.

CAMBRIDGE IN AMERICA (UK) LIMrrED PAGEII NOI'ES TO THE FtNANCIAL STA1'EMbNrs roR THE YEAR ENDED 31 ST IULY 2024 Cash af bank #nd hand Cash at bank and in hand represents such accowlts and instrum¢nts that are available on demand or have a maturity of less than three months froTn the date of acquisition. Creditors Creditars aTC recognised where there is an obligaiion ai the balance Sheet date as a result of a past evenL it is probable that a transfer of u0n0￿1£ benefit w-11 be required in settlemeryt. and the amount of the settlement can be estimated rcliably. Creditors are reco￿1$ed at the amount the charity aiiticipates it will pay to settle the obligation. g) Fund accounting The unrestricted general fimd comprise5 th(J5¢ moDie5 which may be used tOWHTd5 m¢eting the charitsble objectives of the charity at the discretion of the Tr￿￿tees. Restricted funds comprise Tnoni¢8 rntsed for. or their use restricted to a specific purpose or CQDITibution subjett to donor imposed cgnditiOn5. h) Foreigll currencies Assets and liabilttiei in foreign currencies are translated Sterling at ihe ra￿ of ex¢hange ruling Lt the balance sheet date. Transactions in foreign Cllrrencieb are translatsd into iterling at the rate of ¢x¢hange rjlints at the dat¢ of th¢ tran5&#ion. Exchattge differences are taken iJto account in arriving at ttLe net movement in funds. DONATIONS Total Funds 2024 Total Funds 2023 Unrestricted Restricted Funds Unr¢stri¢tcd FU￿dS R¢strictcd Funds Donations ￿e1Vable Gift Aid r¢G¢ivable 510275 95.971 5 10,275 95.971 958,956 130,557 958,956 130,557 606.246 606,246 1,089,513 1,089,513 OTHER INCOME Total Funds 2024 'I'otal FLinds 2023 Unrestrscted Restricted Funds UnrcatriGted Resirictcd unds Interest receivable Foreign exchang¢ galljs 309 309 309 309 CHARITABLE EXPF.NDITURK I"otal Total UTLre5tricted Restrirted Funds Funds Unrestricted Licstricted Funds 2024 2023 Grants to the UniveT5tty of Carnbridge AdmI￿lStration costs {note 5) roreign exchanges losses 592.440 592.440 11,051 2.947 1,068,425 1,068,425 8,021 3,482 11.051 53 8,021 3.482 2.894 11,104 595,3J4 606,438 11,503 I,068.425 1,079,928

CAMBRtDGE tN AMERtCA (UK) LIMtrED PAGE 12 NOTES TO THE FtNANCIAL STATEMENrs FOR THE YEAR EKDED 3 1ST JULY 20?4 ADMLNISTRATION COSTS Total Fwids 2024 Totsl Funds 2023 Unrestricted Restricted Fu]th Funds Uore$tTiCted Re8tr2¢ted Funds Auditors remuneration Auditors rEmuner*ion - non audit Work Profcssionai f¢&s Bartk ¢harg48 Sundry Travel and sub5iStencc SponsoT5hsp 3,136 4,8Th) 200 40 3,136 4,800 2(M) 40 2.845 4,826 200 110 40 2,845 4,826 200 iio 40 335 2.500 335 2.500 11.051 11,051 8.021 8,021 NET (EXPEYDrrtrRE)l￿coL￿E IN FOR THE YEAR This is srated after charging: Auditors remun¢ration 2024 2023 3,136 2,845 TRUSTEES REMUNEIL4TION No Tntsiee received any reInu￿ratiOll or paynrni for eKpe#ses illrespe¢r of their Services as a Trustee dwing the year (2023.. [￿ne). TAXATION Cambridge in America (LX) Limited is a registered charity alld therefore is not liable for incotne tax or corporation tsx oo incorue derived from its ¢lMritsble activities. as It faus within the various exemptious available to registered Cl￿ritieS. DEBTORS 2024 2023 OtlLer debtors 970 io. CREDITORS 2024 2023 ¢ruals Creditors Graoi payment 3,207 2,915 40 43,908 1,910 5,157 46,86J ii. CALLED UP SHARE CAPITAL 2024 2023 l ordiw of £l . autborised alld callEd up TtLe £1 share capiial is thlly owned by CaTnbridge ia All￿riC￿ an orgall1sati0￿ based in New York, USA, who is akn the parent company.

CAMBRIDGE IN AMERtCA (UK) LIMITED PAGP. IJ NOTES TO THE FINANCIAL STATBMENTS FOR THE YEAR ENDED 3 1ST JULY 2024 12. ANALYSIS HETWEEN FUNDS YL4R ENDED 31ST JULY 2024 at Forei￿ eXCha￿ge Balance Admin Fees Eitt￿r.td 1st Augusi 2023 Incotne Expenditllte (losses) 2024 Churchill College Corpus ChL'iSti . Student Bursary DcpartmetLt of En8ineerin& Dep8rtmtnt of fraEraphy Departtn¢nt 04Zoolo8y Edr Fbnd atKettles Yard Euunanuel ColLege F￿￿[tV of Econow.ies Fitzwilliam Coll¢ge For improving acttss toTrinity Collese Foundation Year its Art% F£ugh¢s Hdl Murray Edwards College Neurodivcrsity Inii&tive farthe Found￿10￿ Ye2r Oph¢lia CIL.ie Stud¢ntship at St lohtt's College STdncy Sissex St Catherinés College 4,976 5,000 142.531 101,458 7.487 60,998 50.960 15.000 985 2.000 5.000 40.300 300 (4,7S3) (5.721) (140,874) (100,274) (7,487) (60287) (48,905) (2.305) (15.000) (937) (1,910) (5.000) (38,828) (1,830) 1287) (13) (226) (269) 33 21 {1,6571 (1,184) 969 {7ll) 250 (441 (90) 358 11,390 (11,390) 53.861 60.000 44,000 (51,437} (2,424) (57,3(H>} (2,700) (42,020) (1,980) Rtstricted fijnds total UDr¢strict¢d fiuths 969 120.175 606246 (592,440) (11,881) (11.051) 11,881 {2,894} {53) 120,960 121.144 606.254 {603,491) (2,947) 120,960 ANALYSIS IJETWEEN FLTNDS YKAR ENDED 31ST JULY 2023 Baiancc a: FoTeign CXGhang¢ Balance At Admin Fecs gainsl Reraintd (losses) 1st August 2022 Ineorne Expenditllrt 2023 Centreof Climate R¢pair Clirisvs College Churchill College COTVUS Christ2- Student Bursary CSAP- Horn Fellowship Deparimmtof Zoology Emmanuel Colltgc Fitzwilliwn C.ollcg Hugh¢5 hall Killg5 College Lucy C&wendish College MasEers in Cons¢rvat"'on Leadership Sansom Cottscrvation Leadership Si Catharine's College Trinitv College Whipple Museum 28,302 5.000 5.032 4,829 ,712 141,037 313.841 10.516 422,498 50,000 12,700 40223 23,156 17.417 (28.302) (4,775) (4,7721 (4.909) (8,449) (141,037) (308271) (6,937) (10,081) (280} (411,708) (10,474) (47,75D) (2,250) (12,l28) (572) (40,223) (23,156) (16.328) (286) (6,?50) (225> (22)) (175) (35) 30 (263} 1.194 969 {155) 1316) (770) (13) {3191 299 6250 Restricted funds kntai UDrestri¢X¢d funds 1.493 1,089,513 (1,068,425) (21.921) 109.757 (8,021) 21.921 309 (3,482) 969 120,175 111250 1,089,513 (1,076,446) (3,1731 121,144

CAMBRtDGE IN AMERICA (UK) LE￿IrrED PAGE 14 NOTES TO THE FINANCLIL STATEMENTS FOR THE YEAR ENDED 3 1ST JULY 2024 12. ANAL Ysts BETWEEN FUNDS ....Jcontinu¢d Ail restricted funds relate ￿ mooies r¢srrict¢d to titskittg donations to particular wUege8 alld facultie$ the University of C￿bridge, a5 de8¢ribed abov¢. 13. RELATED PARTY TiL4f4SAcrio.ys Two tn]stees (2023 - one tnL8¢e) tnade donati0tt8 amounting to £255,907 (2023., £45 1.148) to the cbarity duritig the year ended 31st July 2024. There are ao fiJrtb¢r reIated party transactions to di5¢10se. 14. RECONCILATION OF EXPENDITURE TO NET CASH FLOWS FROM oPERAT￿G ACTtvrrIES 2024 2023 Net n￿v¢￿ellt in fimds Adjustments for. {DecreaseJ.'in¢rea5e in Greditors (Increase),'decrea8e in debtors NEt ￿sh provided bY1(￿d itil operating activities {1841 9.894 {41,700) 970 44,173 (6701 (40,9201 53,397 15. FRC ETHICAL STknDARD- PROVtSlONS AVAIL￿LE FOR SMALL ENTTtIES In ¢ommon Mth many other busine&w oeour size alld nattwe, we use ow audiiors tr) prepare and submit retLllfS to the lax authorkties and a&8iSt with preparatÉoa of the finallcial statements.