CAMBRI[ IN AMERtL'A (UK} LIMITED REPORT AND FINANCIAL STATEMENrs roR THE YEAR Ef¥DED 3 1ST JLtLY 2025
CAMBIUDGE IN AMERICA {UK) LIMrrED [ANCIAL STATEMENrs FOR THE YEAR ENDED 3 1ST JULY 2025 CONTEwrs.. PAGE.. TnL8tees Report Auditors Report Statement Df Financi81 Activities Balance Sheet Statement of Cash Flow5 Notes to the Financial stsiements 10-14 Registered Offi¢e'. 15c MiltOD Road Cambridge CB4 IXE Auditors.. Prentis & Co LLP & Auditors 115c Milton Road Cambridge Bankers.. Barclays Bank I Churchd] Place Leicestrr IE87 2BB Wise Businc5S 56 Sboredilch High Street tA>ndon El 6JJ InY¢stsnent Brokers= Cliarles StY & Co Litnited 1st Floor 3 Station SquaTe Cambridge CBI 2GB Registered Charity Numlw.. 1128757 Registered Company Number: 06804777
CAMBRtDGE IN AMERICA (UK} LIMITED TRUSTEES REPORT FOK'f14E YEAR ENT)ED 31 SI. JULY 2025 The Trustees ue ple&L8ed to present their annual Trustee5 Report together with the funcial State¢ts of the charity for the yeftr ending 3 1st July 2025 which are also prepared to meet the requirements for & directofb report ]d accounts foT Companies Act purpose5. The f]nancial Ststements comply with the Charities Act 2011, the Cornpanies Act 2006, the Memoranduln and Articles of Associ&tion, and Accounting and Reporting by Charities". Stdtemeni of Re¢ornmcDded Practice applic&ble to ¢hariti¢s preparing their accow)ts in accordattce with the Financial Reponin8 Statmlard applicable in the UK and Republic of [reld (fRS 102) i55ued October 2019 <eff¢dive l Jpnuary 2019). DIRFcfoRsrrRUSTEES The directors of ihc charitable company (the chariry) ore its I'n]ste¢s alld Brc collectively referred to as the Bo3xd of Trusiees. The inernbers of the Board of INst¢es during the )Ear weTe a% follows.. WilliaEll Janeway Adri Weller Kuth Whaley {rIgned 4th Julle 2025} Robert Sansom Paul WarreTh 'the Trllstees have the power at an)time to apwint any persoD to be a Trustee of the charitsble company. Ther¢ shall be a minimum of two Tnjstees, but no maxllJUm. K¢y ManagL&ment Personnel e Trustees consider that they cotuprist the key managem¢Jrt of the cljarity in charge of directing and controlling, running, and operats'ng the charity on a day to dav basis. ()BJF.CTtVKS ACTIvfiiES AIYD PUBLIC BENEFIT Lanibridge in America (UK) Limit¢d's chariiablc objcttive js to advance education and 5ciencc, in particular by supporting Cambridge in America and Ihe University of Can]bridg¢ and it's con5titucnt C4)Ileges. 'Ibe University of Cambridge uses the fiTnds it reVi't& from Cambridge in America {UK) for charit3ble purposes. Foi. example, students benefit from molli¢5 used to create bLtrsaries and to 5UPPOrt sports,. faculties and fellowships benefit from funds donated to th¢ college5 and departmenLS" and the public benef from the funds received by vrrious areas of thc UDiv¢rsity, includintr the Library. The charity fimdraises in order to provide grdnt support. During the year, the clthrity continued its fundraiSig activities, raising donalions of £4, 101,999 (2024.. £606,246) including rccoyerable Gift Aid, and donaling a total of £4,)93,624 12024.. £592,440) to th¢ University of Cambridg¢ aT TVS constitllenl Collegds. Public Bencfit Statement 'lThe Truslec5 haye had regard to the Charity Conmiission's guidallCQ whith sets out tbe requirements for charities to demonstrate that their aims and activities e for the public benefiL FINANCIAL REVIEW During the ytaT ended 3 1st July 2025, the ChIty rec¢iv¢d donation5 (otaliiug £4,609.334 (2024.. £510,275) of which £4,609,334 (2024: £510275) were rertTiCt¢d. In addition, the cbarlty recovervj Gift Aid of £92,665 {2024: £95,971) on donations. Expcnditure for the year totallcd £4,403,646 (2024: £606,438). £4J93.624 (20?4-. £59",440) of this kntsl related to grants made to the UDiV¢TSity of cabI1dge and it's constilucnt Collcge5. The funds at tl)e year end totallcd £438,155 (2024: £120,960) of which £253.133 (2024.. £NtL) was restricted and £185,022 {2024'. £120,960) was unrestri¢Éed.
CAMBRIDGE IN AMERICA IUK) LIMITED PAGE 2 RUSTEES REPORT FOR THE YEARENDED 3 1ST JULY 225 Reseryes Policy Th¢ Tnth¢s havo reviewed the requirement ofthe charity foTTeserves and have determIthat1he level of Te5tricted fid5 allow the charity to undwtake its fuh]r¢ ¢lwit8bl¢ a¢tiviti¢s &8 a grant giving entity. The Trustees, policy is to distribute the majority of iucom¢ received ill tho yBar. Fudra1ng Polky The c]wity aims to ]eve best pradiG¢ itt thB ID whith it communicates with donors and other Suppl. li takes care with both the tone of its commullications alld the accuracy of its to miDimise the presSe on 5UPWrt¢TS. Et applies best PTactice to protect supporters. dats and never sell dat4 it never swaps dats and eusur¢s that corllmuttication prefrrenc¢s cau b¢ rballged at anytitne. The charity Jllallages its fundEaising activities and does not employ tbe serviGEs of prof]Onal funthaisers. The chaTity undertakes to reaetto and invemigate any complaints regarding its fimdraising a¢tiTritie5 and to l¢arn from alld illJprovE its service. Jknin8 the year to 31 Juty 2025, th¢ clknrity received no rornplaiDts about its fundraising activiiies. STRUCTURE, GOVERNANCE AND MANAGEMENT CoDstilutlOD Cambridge in America (UK) LiD]it¢d is a registered charity, Charity R¢gi5tratiOD Nuber 1128757, and a150 a company with shar¢ ¢apital, Company Registration Nwnber 06804777. The £1 ordinary share eapital is owned by Cambridge in Arnrric4 all organisation b&5¢d inNew Yort USA The dwitsbie company is governed by its Mellwrand and Articles of Association. Risk Management The Tne£S have a554ss¢dth< rnajorrisk% to wbich the charitable company is exFw)seQ ID particu]ar th09¢ relating to the operation of the cbaritAble c4)n)pry arLd its fina8. Given the Dature ofthE ¢lwitable artiVitiES. the risks are limited. The Trustees pJe awaTe of the need to rnoDitor grant expenditse alld manage foreign exchange risk. Monies ar¢ gtynted to a restricted number of reelpients within the University of Canthridge ivs ¢ODStituent Colleges, and the charitable company does not ConnIt to Traking until illcotlle has been received to cover the grallt. STATF,MV.NT OF TRLSTEFS, REPONSIBILrriES The charitsble COll)pans Trustees (who are also directors of the charity for the puTroses of WDpaDy law) are respongAI)le for preparing th¢ aDnual iewjrt and fjnancial statemeDts in acdn¢t with applicable law and United Kingdom Generally Accepted Accounting I)racti. Conwany lawrequire5 the Trnsttts to prepHre fiTthneial statements for each financia] year whith give a true alld tsir view of the state of affairs of Cambridge in A]nerica (UK) LitDited and of its incotne and expellditw¢ for the financial year then ended. Ill ptr¢paring these fJnaDciaJ ststement& tbe Tn]st¢¢s aTC fEquired to.. • select suitable Keounting policies and then appty them consiste. • ob5crve the meth(xls and prin¢ipl¢8 in A¢¢ounttng ond Rert[g by CFJarities.' Siatemutt of ROrnMended PTactice applicable to chaTities PTepaTillg their accot]nts ar(X)rdats with the Financial Reporting Stsndard applicable in the United Kingdom aDd Republic of Ireland IFRS 102)- • rnake judgements and &stinles that are reasonable aud pthn¢ state whether applicable UK ac¢outtting standards have been follow&1 subject to any material departures disclosed and explained in the fillaD¢ial staLements' ' prepare the financial statements on th¢ going conc¢rn bwis Ut]1¢ss it is iwpropri&tc to pre5Ltme that the charity will eontinue in operatio The TTU$tees are responsible for maintainjng proixr accounting records which disc105e with reasonable acGurw at any time the fJnancia] po5itiun of the charitable company and Mthich ¢nable th¢m to cnsure that the financial statements comply with the Companies A¢t 2006. Th¢ TTustr£s ar¢ also w5)nSible for safeguarding the assets of tbe ¢h¥ystable COTnp&ny and hen(% f(K taking reasonabl¢ Sty forthr PTev¢ntioll and dEtection offrdud and other irregularitie5.
C.AMEIIIITXTI-. IN AlLRICA IUKI LltvllTf.D TRUS ri.i."% kF.PORT roR I'IIF.. YLAII ENLICD 3 1ST JULY 2025 Sl'A Tk'MI ENT ()fr' I'RUSTF.FS' RF.PONSIBILITIF.S l-.acli ofthe lrttsiees confiTDiS Ihu- far as Ihc fru51L is aware. LIK wa5 no rtle¥?hi audit informdioTr ofwhith the eh&riuble cDnipanv'5 audiioi. Is Iiflaw14 rc,. and th¢ I'rugl. lin5 trkcn all st¢PS Ihai helshc oyghi to hJvc takeft as a l-ruY2e in order 10 mE hilltseifih¢r5eif&war¢ pf any r¥levdiil 4iudii infornialion fuid to establish dic C114b1¢ coiThpanls auditor is awarc of th&t i1..foniljQTh. IThis Luftfinn&iion 1$ given and should be iDterpretEd ITh Bctordatscc wilh the of s418 of the CompanieE Acl 2006. Sloiicd on behalf ol-lhe Tnisle¢5 by.. PAV 'rrLLsiec .4ppro¥ed b). lh¥ TrustLrs tsn
CAMBRIDGE tN AMEiUCA (UK) LIMITED PAGE4 INDEPENDENT AUDITORS REPORT TO BOARD OF TRUSTEES OF cAmBRE fN AMERICA (UK) LIMITED FOR THE YEAR ENDED 31 ST JULY 2W25 OpiDh)n Wo hktve auditedthe fJnancia] Statem of Can]idge in Am¢ri¢a (LK) Limited for the year ended 31st July 2025, which compri9e Ststemenl of Finaticial Activitie5, Balau¢¢ SbEeL Cash Flow Statements and DOte5 to the financial sthtements, inGluding a 5urnrnary of significant acwuDttug policies. The financial rep)rtiDg fram¢work that has been applied ill their preparation is applicable law and United Kingdotn Accountiug Standards, including Fin8ncial Reporting Standards 102.. The Financial Reporting Standard app]icable in the UK Rq)ubli¢ of Ireland (United Kingdom Generally AcceW¢d Accoutrting Prartic¢). In opinion, the financial Statements". ' giv¢ a true and fdir view of the state ofthe CbaTity's affair5 as at 3 Ju]y 2025 and of its ir1 re5011rce5 #nd application of r¢souTces for the year thett ended.. . have beell PTop¢rty prepared iti accor with United Kin8dom Generally A¢¢epted Accouuting Practice. . havo be prepar1 ill 8ccordarJce witb the reqUIren) of the Compalli&8 Act2LK. Basis of Opillion We conducted our audvt in 4GGordance with Internation Stamdud5 OD Auditing (UK) {ISAs (UK)) ¥nd applicable law. Our reS[s1]I1ties UDder those stsDdards aT¢ further descnl>ed ID the Alldithvs responsibilitie5 for the audit of the rmala1 stslements section of our report. We are indepeDthnt of the Charity in accoTdance with etb] require¢llts that are re1¢y1 to our a111 of thE fillancial slat¢ments iu th¢ LX incluthng the FRC'S Ethical Stamdart and we have fulfill our other ethical responsibllille5 in aordaCe these wuircmthts. We believe thatthe dlldit evidence we havE obtained is sufficient aThd appropriate to provide a basis foT our OPXlliOJL Conclusiolli Re]atiDg to Going ConeerD In aLiditing the fina131 ststetnent5. we have Concluded that the trc<S, e of tbe going concern b&sis of accounting iti the preparatioD of the financial stst•nents is appropriate. BaseAI on the Work w¢ have wfornie(L we bave not identifd any llwt¢rial uncertainti¢5 T¢lattDg to events that, individually or collectively, may cabt significant doubt oll the charitys ability to continue as a going concern for a peii(Ki of at leoyt twelve month5 from when the fiDBncial ststements are auth0ri5cd for iuc. Our responsil)ilsties and the responsibiltties of the trrtee5 with res¢0 going colrn aT¢ dewjbed ID the relevajrt 5¢ction of this ryTL other IDfonnalioD The trLstees are respOsible for other infomation. The other infortDation C4)Inprise5 the IrtIOn included in th6 atmual report other than the financial statemvnts lnd OUT Auditovs report thuein. Our opinion on the financial $tat¢ments doES not cover the other infonnatian ond, except lo the ¢xtaht othThise explicitty stated in our report. WE do not expre5S any fornj of assurance conclusion thereon. In connection with OUT audit of the finaDcial sts1eDrt our re5ponsxI)ility is to rej the other infOrnlI0ll aud, in doing so, eonsider wh¢tber the other inforTll&tion is ]natlalY inwn5i5tent with the financial 5ts1ements or our knowledge obtained in the audit or otherwise appeaTS to be materially misstated. If we tdentify Such material inct)nsistencies or apparent Inaterial misstatern we are reqed to determi whether there is a llthterial misstatem¢nl in the finaDcial statemenls OT &material misstaiem¢nt of the other infoTmation. 1£ b&sed on the Work w¢ have perfornied, we WnGlude that there is 2 material mi&stat¢llKnt of this other inf0m)atiO we are required to report that fact. We hav¢ Dothing to report in this re Opinions on other mjtters prescribed by the Compamie5 Act 2006 In our Opinio b&8¢d on the WOTk UDd¢rtgkcn in the course of the audit . the inforn)ation given ID the aT]nual rem forthe fiti2ticial year for which the financial statements are prepared is consist¢nt with th¢ financial statements; alld . the aDllua] re)rt has been prepared ID accordance with applicabl¢ legal requirements.
CAMBRIDGE IN AMERICA (UK) LIMITED PAGE 5 INDEPENDENT AUDITOBS REPORT TO BOABD OF TRUSTEES OF CAMBRIDGE IN AMERICA (UK) I.IMITFJ) FOR THE YEAR ENDED 31ST JULY 2025 Matter5 on whlch we are required to repjrt by exception In the light of the Imowledge UnderstajIg of the Charity aDd it environ1 obtsined in the COUTse of th¢ au¢3iL we have not identified YeTIal mi&ststeTn¢nts in the An1 RepoTL W¢ have nothing to report in Ttspect of the following matters ID latiOn to wbich the ConwaDTres Act 2006 requires us to report to you 1£ in our opinion: ' adequat¢ arGOUlltAnB records have not been kept orrettrtLS thquate forour auditbave notbeen received from b[CheS not visited by s. . the financial 5thtements are llot iu agree¢t wffith th¢ Tld5 aud retsms. ' certain disclosures of trusttts, remunertion specified by law are not n). or ' we have obtsined all the information and explanatiotLS ntte&8ary for the purp( of ow audit. Responslbilltles of the Truyttts As explained more fidly lli the trustees. wp)nsil>i]ities Statem Oyt on page 2 th¢ Irustees are resrrt)nsible forthe pr¢paTrtioD of th¢ finznGial statements and for being satisfied that they give a true and fair vlew. and for such internal e4)ntrol as they deterniine is necessary to eTJJble the prqwation of fiDancial that are free frorn mateTkal misstatement, whether du¢ to fr4ud or ¢Tror. In preparing tbe financial 5tatement& the twslees are re5p)nsib]e for asse&8ing the ChlS ability to conttnue as a goi]Jg concm disclosin& as applicabl¢, rnatteTS related to goillg concern Using th¢ going conceTn b18 of accountkllg unless the trustees either intend to liquidate the Charity or to Ce oErations, or have no realistic alternative but to do so. Our r&¥ponslbllities for the audit of the fiTr8ncixl statements OUT objectives are to obtain reasonabl¢ assuranc¢ 21x)ut wheth¢rth¢ fvJaTKial Statem &s a wbole are free from m&i¢rial mithatemenl, wh¢th¢T du¢ to fraud or ¢m>r, and to iksue Auditovs ry)ort that includes our opit)ion. Reasonable asswawe is a higb level of suranCe, it is not a guar8ntee that an wdit conducted in accordance wtth ISAS (UK) will alwty& deduet a material mi&%latement when it exi5t5. Mis5talem¢nts caD 15¢ from fraud or error alld considered material 1£ individually or in aggregate, they could reasoDabty be exed to ttttluence the economic dccisioll5 of users taken on the basis of these fit)ancial ststetnents. IdentifyryDg asJe55ing potElltial ri5k5 related to irregui*riti£¥ Irregularitie% iD¢luding are instsn¢es of non.compliatice with laws and re8ulations. The prAm8ry responsLI)ility for the prevention a1 detection of ittegularitie5 includin8 fraud rests with FM)th the mallt and those charged with goverDance of the charitable cimipany. We design pr(Kedures in lin¢ with our r¢sEx5[lIit1¢4 outlined above. to detect materiil rni&statements in respect of itregularities, includiDg fraud. We have considered th¢ nature of the sndustry and sector, control enYironmenL laws and regulations and business perfomiance of the charitsble company. Iaws and re8]tIOnS consided included, but wer¢ limited to. the Con]panies Act 2006. FRS 102, chity SORP pnd UKtaxation Icgisknio Wc have enquiTed with the maDagement in Tegards to their owi &ssessment of th¢ risks of iTr¢gulaTiti¢$. iti¢luding fraud. We also enquiT¢d ofmanagement and those charged with governance as to any kiM)iTrn instances of non-compliance or suspected non.¢iJmpliat)ce with law5 and regulations. W¢ obtained releYaTrt documentation aDd TepreseDthtiOnS ill OTder to fonD an opillioD on tential ittegularities, including fraud. We considered th¢ opportunities and incentives that exist within the orgatiisation for fraud. Based on this UnderStar]ng, we designed specific audit prLKedures kn identify instances of non-cornpliance with law5 and regulations, including obtsining additional corroLxyrntive evidence as required. Examples of procedw included reviewing l#rge and Unusu tronsaction& Teviewing large utTrexmed VJTiancr4 recwIllg journal Bntries and reviewing relevant le8al CO¢spOndenc£.
CAMBRIDGE IN AMERICA (UK) LDAITED PAQE O INDEPENDENT AUDrroRS REPORT TO BOABJ) OF TRUSTEFS OF CAmBRIE IN AMERICA UJK) LIMII'bD FOR THE YEARENDED 31ST JULY 2025 There are inherent limitations iti the audit PredureS descnl)ed aix)ve. not least a5 5allJpliJg is us¢4 Jnternational Auditing St2ndards. therefi)re not all trausactiolls aT¢ rEviewe& Therefore, there is a risk we wiu rtot det¢¢t ¥411 irregularities including those leading to a rnaterial misstatemem in tr financial Statern or nonpcompliance with T¢gulatioD5. Th¢ risk of not detecttDg a material misststemeni due to fraud 15 a150 higber than th¢ Tisk ofllot detecting one from eOr, as ftaud may involve d¢liberat¢ concealD]ent by, for examplc. forgay. coll10 OTni&sion or intrntiona] tnisrepresentalion. A fillther description of our resFMHL8JI)iliiies for the audit of the fmaDcial statements 15 locatrd OD the Financial Reporting CouDCi]'s website at.. wWw.frc.ouL1audlt0rSresp0DSlbllTtie5. This d¢s¢ription forn pgrt of our Auditoes report. Use ofour Report This report is made solelyto the Charitgs membtt& &% a body, in accorthce with Chapter 3 of Part 16 ofthp Comp4nies Act 2006. OUT audit work h&s been undertaken so that we migbt 5tste to the Chariws Members tIM)se matter5. we are Tequiredio $tste to them in a Audil0rf5 report alld for no other purFX)se. To the hllest extent pennitted by law, we do not aept or a¥sume respon8ibility to anyone other t}tt the Cbartys manbeTh &$ a body, for our audit wo. for this r¢porL or for the opinions we hay¢ fonlled igel Prentis FCA. Senior Statutory Auditor for and on behalf of Prentis & Co LLP, Accountsllts atul Statutory AuditOTS I l5c Milton Road Calllbridge CB4 IXE lov ZOZS.
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CAMIIRIDCII.. IN AMF.IIICA IUKI LIMI-I'I.-D 17AOI. % BALANCE SI IEE:T AS A"1. 3 Isr JIILY 2025 2025 2024 No15 Ciirrcjil A55Ct$ Cash at bank 441,585 44 1.)¥5 Cre(liiors (3,429) 'ET ASSF.'rs 438,156 120.961 TIIE F'UINDS OF TIIE CIIARITY.. Callcd Jp 5hLFE tapiial Restricted fjjnds Unrestricted funds General fvnd 18i,022 120,960 438,156 Approvixl b} the Bo&¥d of"fruaees . 'rRUSTEr P PUL IA5AILILc ThL noics on pagL¥ 10 14 Fonn part ofihese finw11 staterThettts.
CAMBRIDGE IN AMERtCA (UK) LIMI'fED PAGE 9 s'rATCMBNI' OF CASH FLOWS FOR THE YEAK ENI)ED 3 1ST JULY 2025 2025 2024 Not¢s Net cash provided byl(used i) operating activiti¢s 13 3 15,467 (40,920} Change in cash and cash equivalents in tbe reporting period Ch and cash equiyalents at the beginning of th¢ reporting period Cash aiid cash equivalents at the at the end of lh¢ reporting period 315,467 (40,920) 126,118 167,038 441,585 126,118
CAMBRtDGE IN AfvfERICA {UK) LIMI'I'ED PAGE 10 NOIES I'O THE FINANCIAL SI'ATEMENTS FOR THE YLIR ENDED 3 1ST JULY 2025 ACCOUNTING POLICIES Basis of preparatiun and assessment ofgoSng eoDecrn The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction Yalue unless otherwise ated in the releyant nOS to these fmancial statements. The fiDanckal statemcnts hav¢ bo prepared in accord8nce with the Statement of Recommended PractiLe.' A¢couDtitig alld Reporting by Charities preparing the accounts ID accordance with the Financial RetK)rting Standard applicable in the Lnited Kingdorn and Republic of trEl8nd (FRS 102) issued on Octokn 2019 aLd the FinarAcial Reporting Stalldd applicable itt the United Kingdom and Repub]ic of Ireland (fRS 102), Charities Act 2011 aTLd the Companies Act 2006. The Charity constilutes a public benefit entity Is defined by FRS 102. The present2tional CUTr¢n¢y of the financia] statoments 15 th¢ Pound Storling (£). As%tssment of goin% eoneern The I'rustses have assessed whetherthe we olthe going concern assumption is appropriate in prepillg the fmancial statements. rhe 1'nte¢S have made this a5se5smenÉ in respect to a peri1 of one y¢ar from the date of approval of these fJnancia] StrAteeDts. The Trustees of the charity have Collcluded that there are no n)ater1 urncvrtainties relatsd to events or conditions that mav c&%t significani doubt on the ability of the charity. to continue as a going cnncern. The TTust¢es are of th¢ opinion that the charity bave Sufficient resources to merf its liabilitie6 as they fall due. Critical accounting e5timatcs and areas of judgement Othcr than the ass¢ssmoLrt of goino concern. the preparatiojh of the fn¢la[ statements did not require the Trustecs to ]nakc any significant judgcments or estimates. b) Inco]nc recogllitioll Income is reGolsed in the period in which the charity is entitlcd to re£eipL the amount oall be measured reliably and it is probable that income will be received. Income comwises donaiions which are recognised when the Charity has confinuation of i¥)th the amouni and settlement date. In the event uf donations pledged but tkot received, the amount Is accrucd for Thhcr¢ the relpt 15 considcr¢d probable. Ip. the event that a donation is subject to conditions that rquir¢ a l¢v¢l of p¢rforn]all b¢fore the charity is ¢ntiiled to the funds, the income is deferred and not recogni5td until either those conditions are lully tnct, or the fulfilmeni of those condilions is wholly within tbt control of tbe chdrity aDd it 15 probable thdt those conditions Mill be fulfilled in the reporting period. Expcrnditurc rceo£nitioll Ltabilitics are recogni.4cd as cxpenditure as S(K)n as there is a legal Dr CODStructive obligalio committing the charity to make a paymerrt to a third party. it is Probable that 8 transfer of econotnxc benefits will be will b¢ r¢quircd in settlcmcnt and the aoUrl of obligation can be meaqured reliably. Expenditure cornpriscs gra1 payable as part of the ¢hariiYs cljaritknle activities, as well as administrative 05ts pertaining to the charty and its grdnt-makitw Gmts payable are ftticluded iti the Statement of rinancial Activities whell approved and when the intended recipient has either rcceived Ihe fvllds or b¢en infortncd of the dccision to make rhe donation and has satisfied all relaicd conditions. Grants approved but not paid at the end of the financial period are accrued for. Grnits where the be]ieficiary has not bcen infonncd or has to meet ccrt4Lin conditions before the gront is released are not accrued for but aTe noted as fitwicial commitsnents in the notes to the fuwicial Statements. All cxpenditure is stated inclusive of irrecoycrablc VAT.
cAN(BRGE IN AMEIUCA (UK) LIMI'FED PAGEII NOTES TO THE FINANCIAL SI'AI'EMENrs roR fIiE YBAR ENDED 3 ISI. JULY 2025 d) Cash gt bank and in hand Cash at bank and in hand represents such accowits and instrnments are available on demand or havc a maturity of less than three tnonths from th¢ date of 8WUiSition. Creditors Creditors ar¢ r¢cogoi%d wh¢r¢ there is an obligation the ba1ce Sheet date as a result of a past cvent, it is probable that a transfer of economic beDefit will be required in settlement, ad the atnount of the settlement can be estimated reliably. Creditors are recognised at the amount the charity anticipates it ill pay to settle the obligarion. aceounting ThE untEStricted general fulld comprises those monies which u)ay b¢ used towards meeting the ¢haTitsble objectiyes of the chariry at the discreiion of the Trnstees. Regtricted fulld5 comprise mOniES raised for, ortheir we restrictcd to a specific purpose or coThtnbution subject to donor imposed Conditions. Forelgn eurrene5es Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet dale. TIansactions in foreign cunEncies are translatrd into sterling at the rate ol exchange ruling at the daTe of the transaciion. Exchange differences are tsken into account in aTriving at the net movement in funds. DONATIONS ANI) GIFf An) Totsl 'lotal unreric¢ed Restricted Funds Funds Unrc5tricted Funds Reslricted 2025 2024 Donations re¢¢ivablc Gift Aid roc¢ivable 4.609,334 92,665 4,609.334 912.665 510,275 95,971 510,275 95,971 4,701.999 4,701,999 606246 606,246 OTIIER LYCOMF Total Total ruiids 2024 Unrestricted RestriLied nds brtds Unrestrict£d Restricted Funds Funds 2025 Intcrest reecivable r4oreign exchange gains 18,842 18,842 18,842 18,842 CHARITABLE EXi)ENDITURE Totsl Totsl r.unds 2024 Unreslricled Restricted Funds Funds Unrestricted Restrictcd Funds 2025 Grants to the University ofcambridge Administration costs (note 5) foreign exchanges losses 4,393.624 4.393.624 9,725 297 592,440 592,440 11,051 2,947 9.725 297 11,051 53 2.894 10,022 4,393.624 4,403,646 11,104 595,334 606,438
CAMBRIDGE IN AMERICA (UK) LLMITED PAGE 12 NOTES TO THE FNANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST JULY 2025 ADMifqisThTION COSTS Total Total Fullds 2024 Unrestriued Restricted F5 2025 Auditor5 rem[¢TatiO Auditors ranuntrution- non audit work Professional fees Bank chatg¢s Su]thy Travel snd subsistence 3.100 5,078 250 3,100 5.078 250 186 62 1.049 3,136 4,8(M) 2(M) 40 40 335 2.500 3,130 4.800 200 40 40 335 1500 62 1,049 9.725 9,725 11.051 11,051 ET (EXPENDITUREYINCOMK IN FOR THE YEAR This is Sted after chargiDg: Auditors remuneration 2025 2024 3.1(M) 3,136 TRUSTEES REMUNERATJON No Truste¢ received ally remuneration (Y p•ymeDt f expenses in Teyct of their 5ervic¢s Trustee during the year (2024.. non¢). TAXATIOFI Cambridge in Am¢ri¢a (UK) Limited is a rwteyed aDd therefor¢ is not liable for ]roMe tax or corpjrationtsx on income derived from its charitable aclivilie4 35 it falls within th¢ var109 exemptions available to registered ¢harities. CREDITORS 2025 2024 Aecruals Creditors Grantpayment 3,367 62 3,207 40 1.910 3.429 5,157 2025 2024 l ordiTtary sbalt of £1 . authorised and called up The £Ish capitaL is wholly ownedby CambTidge in Ameriw organisation based irj New Yort us who is also the parent company.
CAMBRIDGE RN AMERICA (UK) LIMI"fED PAGE 13 NOTES TO THE FINAbCIAL STATEMENTS FOR TFIE YEAR ENDED 31ST JULY 2(P5 ii. Ar4ALYSIS BETWEEN YUNDS YEAR ENDED 31s'r JULli 2025 Foreign exchLnEe gainsl 1st Augusi Adnun F 3151July 2025 2024 IDcome ExpenditsJr¢ Rained Chrsst's Coll¢g¢ Clar¢ College Conservation Leadehip Programme Corpu5 Christi En]rnanuel College Fitzwilliam Collcgc Fitzwilliammuseum HugF.es Hail Murray Edwards Collcgr Qucens College Richard Elphick Restarch FuFtd Sansom ConseJv8tiOiL Leadebip UEnni FUJ St Cathtsitit's Collc8e Trinity Hajj Open Zettascale Lab 5,0(M) 1,050 200,775 (202,894) 4,651 (4.392) (214> 52,836 <49,779) (2046) 5.570 (5,432) (256) 80,536 (83,708} 38225 (36,262) (1.709) 21.945 (21,000) 1945) 3.566.376 (3.511,875) (66,7J4) 9.363 (8.9J9) {421) (4,775) 1225) (47} 1,003 2,119 (451 (7111 11 3.172 (254) 14,363 (3) 2,130 189,297 (189,380) (24,591) (1,159) (597) (28) (250,000) 83 625 500,000 250,000 R¢#ri¢ted fid9 total Unrestricted funds 4.701,999 (4.393,624) (74,084) {9,725} 74,084 18,842 (297) 253,133 185,022 120,960 120,960 4,701,999 (4,403,349) 18,545 438,155 ANALYSIS BElTN FUNDS TrTAR F.NDED 31ST JUI,Y 1024 BalarLCt ai ISE August 2023 For¢ign exchange Balancc at g&insl Ilossts) Adn)in F Expenditur¢ RetsiAed Intome 2024 Churchill College Corpus Christi- Student Bllrs Depariment of EnEinetring Department of Geogr8phy DepartmeDt of loo.0 Ede Fund at KEttic's Yard b[nM¢Vel College Facthliy of Economics Fitzwilliam Collcgc rior impiovinE access toTrinity Ctsllegt ruundatiun Y¢&r in ArL8 Jlughes Ha'.1 Murray Edwards College NeLiIDdiversity Irtitative for the rounda iDts Ycar 4,976 5,000 142,531 101.458 7,487 60,998 50.960 15,000 985 ,000 5,000 (4,783) (K,721) {140.874) (100.274) (7,487) {60,287) {48,905) (2,305) (15,000) (937) (1,910) {5,000) (38,8281 (1,830) (28TJ (13) {226) {269) 33 21 (1.657) (1,184) 969 (711) 250 (44) (90) (4) 358 300 11,390 (11.390) Oph¢liaCI&-ke Studentship St John's College Sidney Sussex St CgiherinLQs College 53,861 60.000 44,000 (51,437) (2,424) (57.300) (2,7001 (49 D20) (1,950) Restricted fuid5 total Unr65tricl¢d funds 969 120.175 606246 (592,440) (11,881) (11,051) 11,881 (2,894) (53) (2,947) 120,960 121,144 606,254 (603,491) 120,960
CAMBRIDGE IN AMERICA (UK) LIMITED PAGE 14 NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 3 1ST JULY 2025 ii. ANALYSJS BETWEEN FUNDS .....leoDtiDued All restricted fid$ relate to monies restricted to making donations to particu]8r colleges and faculties within the Universty of CaMldgE as dwib¢d alM)v¢. 12. RELATED PARTY TRANSACTIONS One trustee (2024. two tNStees) Dde donati aTnwnkngto £319,470 (2024.. £255,907) to the ¢harity during the year ended 31 Juty 2025. 13. RECONCtLATEON OF EXPENDITURE TO NET CASH FLOWS FROM OPERATlh'G ACTIVITIES 2025 2024 Net movement in funds Adju5knents for: (Decrease)IiDcTe&s¢ ill creditors (Ine4c)IdeCre$e in debtors Net C&5h Provided by/(uqed iti} Iyerating activiti&y 317.195 (184) (1,728) (41,706) 970 315,467 (40,920) J4. FRC ETHICAL STANDARD- PROVISIONS AVAILABII FOR SMALL ENTITiF,S lu co0 with many otber bsinseS of Olr size 8Dd natLre. we we our auditors to prepare and submit returns to the t&x authoriues and assist with the preparation of the fiEJan¢ial sthteuts.