2023-05-31-accounts

THE CAMBRIDGE SECURITY IlltriATIVE 2017 A CHARITABLE COMPANY UMITED BY GUARANTEE REPORT AND HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023 REGISTERED CHARTry No 1175201 REGISTERED COMPANY No 10776032

THE CAMBRIDGE SECURtTY INJT14TIVE 2017 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023 CoTrnts T￿￿￿95. Report Inde￿nd￿nI ExarnNw Re[￿rt stalEm8nt of FIDanryal Acbmty iwKorp)rntiny the IrKorne and AoJrt Balan( Sh88t

THE CAmBRI[￿E SECURrrY INtTIATIVE 2017 REPORT OF THE TRUSTEES FOR ThE YÉAR ENDED31 IAAY2023 Thp DirEcJTS (also rèfrfTed ts as Tru¥lEesfoT the of ctrAnty kw) F￿nt1P￿ with the frAnci81 slalEments of thÈ chaTitable (x)Fnpany for the year eTrJed 31 May 20TJ. fin#r￿la1 slatements have been epaTEd in accordan￿ wilh th8 ac£otr)ts"ng pc4Kies set out ￿ the Th)tes b) ￿ firHrKial slatsmerts and )mply wrfh the ¢horrty's tnjst d8Èd, law aryj th& req￿E￿nts ofthg of Rèf•mnGe and Admlnlstrallve Delall$ Company wa$ w)GorForatsd w 17 May XJ17 atKI wilhthe Ch¥ty comm￿￿] for Ennd 8rKJ Wa￿8 on 17 Odjjter 2017. 8tructuw4 Govwnan¢è Managwmnt Th& op8ration of the Charty i% y0￿Med by ils Men￿an&n ArtKA8S Ot Associ&lw)n. tt is a comp•ny timit&d by guaranlBe a th$rity r8gBtsrod Chartty commiss￿ of Er￿id arKI Wale& HM d￿ri1￿bla purwses no tsxalion is pardblÈ ryi the I￿oM w gal￿ ovwao re4)orrit•lty for th2 operalions oftr CkRrity its th8nc88i8VAth tiwBckn The Dtr8Ctors¥rtK> s8￿d dtsriro ts y8arwEre". DrA IA Dawgjn. Sir R B De8Fbb. Prof S A F&8r. Drs P MarflarMI. Appolntment and TraiTrln4 of thr￿torS The app￿nI and r0rn0ve Director5 15 Vested 71h tt D¥rEct(& On aF3pointJnent 8ath D￿eCtOr r8ceive5 copms of IhÈ prtrKipal and (hxJmw)ts ¢Jf Company, wrent at]d forb￿rd firnu41 F4annrJ infomiatrjn. Dir8cbrs arE wth I8gu￿r uptht65 of relgv4nt érrformation Ihe Chanty Cornmiss•)nand olher IBI￿arth Chahltabl4 oi¥eGts Thè obpcts of th8 charity aTr Ir¢ advanc J￿81￿)n n T•laliDn trs Mtsrn8tiorwl sootsrrty and inlBllbJ8nc8 Issue5 IhrowJh ￿arch. prowl￿n of ed￿￿tip￿al Fwgrammes 8nd colkb)ratK)rts in sbAiè IEacling Publk Benefit The carity wa$ sst¥t4i5hed in 2017 ID offer a ethxai￿l Wwdmme. Th8 ofthis ed￿etiOnal pruwamrn8 ar8 ￿trfr1￿.. ID yovid8 an ¢JpportsJnity for undBrgraduate and gra￿￿ts sbjdenls gnd eady￿rE@r wofessK•nats V￿th an inteTrecknal or prof￿10￿al intsrèst fft statscraft and thè intgrl0¢￿i[vJ fvme5 01 intelltgence, se￿￿ty, def8nc8 and pofw b meet and wth * 0¢ademI￿ arxl 1¥aCbo￿TS trom th8 Inl¢llwen￿ and sacurity communib6s a¥vJ to examÈnp the diverse atKI QJrnFkx ddknnges fac8d by Westsm dem¢)crnc4e4 exF4ornd W￿￿￿?.. - How ￿Stern intslligeiK8 conyiiunibes (an operth in a ol and k•Jw they mightcompète with- or ￿me$s- the r8voluliDn in op8fthLVX dats. . Thr88ts posed by Éntefigenc•. cjtsr w¥fa￿. radralisats)n. ac5 of tskytyism. and . P4q¢)dÈm cor￿p￿0￿$ of trawreT￿Y by drrts frrt slats $8(X8cy and th8 role of tho - knlybcal chaI￿nge$ aTrJ th8 intellgenc8-pol￿Y irderPaco. . Various mechanisrns of inleJl¥JènG8 r£•lectsr( (tssemintw)n. ¢J)urthr4rtalbam and covèrt 0￿1￿tiOns. A¢hi•v•ments The International Sewtty 8nd Intethgenc8 IISII corferen￿ ￿lY 3J22 r8cruit8d iA4J"fied planning for a [?￿nPtrDn of an ¥wry)n verstr￿ of ISI ￿Mm￿r of J)22. Recrurfrntsnt usually begirts in October In thè ygar b8&N8 ￿ prvwamrrt is wn - thr88 months 8ailier than vrds P05E4b18 in 2022. Aso. g)ma U.S. unrv8r&bÉs MEfE sm nDt wp)rbtWJ S￿dY abroad. These factyrs cow)￿￿ ￿•th r881du41 cubon ar0￿￿ bavel mèant that Thjnbers sbJhlJy bekw capauty {54 ¢>Jt ot 601. Income was nevertheless sufft￿nt to rewe F￿￿11￿j for at the Depath8nt of Geop)liics at tha Urriverw of ¢ambrbts aTha at the tkparbY￿ of War Sttmlws, lfjThJ's Cow, LoThJon in fiekts rO￿ted lo SerdJrity and Intsl>Jenc. at £lO,¢XK) each. It was 81> poss￿8 to offpr fva fvl fees ¥ofarshw b) pOtsn￿al appI￿nts ￿ fiJif-tm¥ g<kn¥tion and t• Lrf8r (grali5} tsn dÈltrg4tg ot I Charityk Conf8rorL kn ISI 8hJnY•.

THE CAMBRIDGÈ SECURITY 1141TIAmiE 2017 REPORT OF THE TRUSTEÈS FOR THE YEAR ENDED 31 MAY 2023 Plan$ fr)r peri any m8lenal d8[Ar￿Tr5 dibsed gt7fl 8xpla¥￿d in tha firAnrAal slatsmen wdl ￿n1[nue in opeTrtion. at any ts"me. 1he firAnGr41 postion of the charikt4e ¢f)mpany and ¢natle th8rn tt) on￿8 thatthe ffir￿[￿1al statements Com￿Y th thg CoMpan￿$Art2£￿. They are al>) fcrsafwrthThJ the assets of Ih aritable ry>mpany and Ipn¢x for1￿￿"n9 fèasonth F6forth8 and dthctr)n offraud arxl othar oTrgul8fibe5. lh8 Ch8rTty Commissio Awov8d by the Directrts on 16 Jarn￿ry 2￿24 aThJ sityd on br. Dr w*n

THE CAMBRIDGE SECURITY INfTIATIVE 2017 INDEPENL)ENT EXAMINER'8 REPORT TO THE TRIJSTEES I re￿rttr the ctr4rtylrusts8s on rnyexami￿trwI ofthe aC£Owtsof￿ knth8 wicJ erthd 31 May 2trZ8whKh are set out on pag9$ 4 ts 9. RESPONSIBILITIES AND BA81S OF REPORT AS fv dwiity trustses olthe ¢ompany14r¥J alw dst¢(knsfDrlhe of¢onwry lawl Ju r¥sponsibknforth& pr¥paration ofts actounts ￿ ¥￿￿￿ar￿mith requirgrrnntsofth8 CornpaniesAct (the 20CE ALI. H•wng satisf¢ed mysdTthatth& a(%o(mts of Ihe crknp8ny ar8 rntrnquiTrd lo be authd urKJ&r Part 16 ofthe ACt￿d ar• forttty)erthnttxan¥ro￿n. I fE￿rt in r8%pertofrny examination of your compan￿5 acuunts •5 ￿rr￿d outurKknrs8clYJn 145 of the chIr￿e5 Act 2011 (Iho 2011 ACYI. In carrying out my I have foth)wdth8 tirections by1he cornm￿5[0n under s•ction 1495)￿) (rfth8 ￿11 Act INDEPENLIENT EXAMINER% STATEMENT I hve Cornp￿ted my exaffllnai￿. I rKS FO￿0)Me b tyty atknixln in uJr•￿1￿)n wilhthe e>xrnination rno rusè ts) b8kn 1ts)titiany rrAtwial rèspKt th8 2006 Ac or the a¢trJunts do not?￿0¥d vfilh Ih>¢o or the accounts do not comrAy the acwUn1￿ r•I￿re￿￿￿Of88c0Dn 396ofthe 2Cf6Aca ol￿rtI}an any requiromentlhat the alrounts &¥ve a aTrJ fairmrf which is tyjt malter Lx•n8id8rsd as F¢artofan Th1eFeTrJarrt￿￿IrOlXsn'. or Stat8m6nt of Rec£mm8nthd Practrè ft)r ar££unting and rBForthg by tAl￿eS lapb ID chaiie$ weparng thetralxJyJ￿ in a¢4>)￿8r￿ ¥rtlh Fi￿¢14 Re[￿r￿¥ S•4vxlard appJiGabl8 in the UK RepLdi¢ of Ir8knd IFRS 10211. which attenli)n shoukl be thawn in 11¥5 FB￿rt in orrknrkn erblè a wper u￿￿t￿la￿J1ng 4¢¢ounts tr) be rea¢lwl. c ahJo4 Paul Chubbock FCCA Ch8tsrAJlan LLP 7 Quy Court Colligrs Lane Str>W-oJm4)uy Carnbridge CB25 9AU Dats.. 29 January 2024

THE CAMBRIDGE 8ECIIRITY INITIATNE 2017 STATEMENT OF FINANCIAL ACTMTIES Inch￿1￿¥ Income ￿d Expen&rfwe Ae¢wot FOR THE YEAR ENDED 31 MAY 2023 Total Funds 2022 Funds GNTrtal Fund FTmds 2023 lTrcorne fr¢m: t)onliortsand lek4kcies charItsb￿ wanc8meTht of Intemal￿al Security In¥slmènt irthr ,964 e8.200 193 Total Income 297,157 7.157 Expendithye on: G￿ritable adkvity A£1¥an¢•￿￿Trtof IntsTroiKnal SgDJThty S)1687 72.￿12 T•>lal Expendlthre 3￿8.687 3,e87 Net In¢omel(Expendltsnl) and netMO￿MeThtlTh funds for the ￿aT 16.5X¢) 16.5301 15,604 Total funds broughtforward 28.163 28,163 12.559 Totalfvnds ¢athed forward 21, 21,633 28.163

THE CAMBRIDGE SECURITY INtriATIVE 2M7 BALANCE SHEET AS AT 31 MAY 2023 (RE(aSTEREDCOMPANY NUMBER 10n6032) 2023 2022 F￿ED ASs￿s Tanglble a5sots CURRENT AsS￿s Debtors Ca8h at bank 43.144 274232 317.376 20,112 146.154 166.266 CURRENT LIABILITIES Cr8drtoYs wthin ono year 295.743 138.448 NEfcuRRENT ASSET8 .x 28,183 TOTALAS8EF8 LESS CURRENT LIABILrriÉs 28.183 FUNDS OFTHE CHARITY: u￿￿5￿1cted ft￿d8 28.163 TOTAL FUNDS 28,1 S￿￿11 conv8￿88. regine. TIE carit8bl8 company i$•nliOed b 8xempb.on fffKll Strd)n 477 of the Companias A(2(￿￿ fDrth8 year&nd 31 Mey 2023, In￿eS hav8 notrE4u¥od the chafilat4e ¢ompanyJ obts￿ an #￿1101 Ftsfinan(a#l Aternents forthe year ended 31 May 20ZJ in accordance with Section 476 ofthe ComyansP4XXK. 81 ensthing Ihatlhe th8r1lat￿È wnpany k88PS se￿￿￿￿n9 rE(￿dS￿lith reath firAKaal yaar in accordarth syith the rBquir8rn8nts of Section 394 and 395 and whK4J otheTh¥i rornply with the wequrBmerts ofth? Cornpani Act relating k) financial t¢rw)ts. w faras ap*¥i4e iD tha (x)tsw8ny. proved b Ihg Board ofTrLtsts•s and sgnedon bthair ty. 16 January 2ry24 Daw>)n

THE CAklBRIDGE SECURiff INITIATIVE 2017 NOTES TO THE FINANCL4L STATEMENTS FOR THE YEAR ENDED 31 MAY 2023 ACCOUNTING POUCIES 1.1 Basls 01 PTeparallon The tharty GonstiJt8sa Fljt4￿ trErEfft entity as defod by FRS 101 Th8 f￿Ancial slalBThnts Pove bee EparEd in Aecord&nc8 Acrnuntity er￿ R&p)rting by Charili95". SIHtsmerrt of ReCj)￿￿nd•d Praclic¥ applioble to chaiites weparng aCcO￿ts in acr•rdartr ￿th th& FirAnc4al Re[¢￿"n9 Slandatd OPF4icabJ8 the UK R8pubtic of Ireland IFRS 1(Y21 iswJ8d in OcbrX119. ts Fir￿r￿la1 Repoiting Stand#¥d Sp￿&Cable in the UK¥nd Repu￿1¢Of IrEL9nd IFRS 102X the CFAril8s kt 2011. Ihe CorryaniesAct2 and UK Generally Atwtsd knuntiro P￿Gth¢¢. 12 Golng con¢¢m basls T￿ T￿￿￿8S c￿￿iderthatIhe goy￿ b8Si54S8pwiprAts asthey consd8rtho ￿VaL% and 8￿c&d inve5trnÈnt income * te at Ièv81skn 8￿[E Ihalthe T￿￿1￿$ can rmet thairfinancaal otAigatK)nsforth8 tr)ext 12to 18 and on thattsis CF01rty is A going C3)n￿rn. 1.3 Flnanclal Rewkng Standard 102- Reduc•J dfs¢losuTe exmptThs p•¥rnthd by FRS 102.. .Ihg r•qurèm8ntof Section 7 Ststènntof C85h Fkn 1A Fwkds Unr8strKted fiffidsare avai￿ 4tthe tJwr8iM of1he IDJth$in fwknarar￿ ofth8 gwwr¥l 0bpLtves 1A Tanglble Ilxed #$s•ts Individual fied 88s8ts are #tr Tangl￿8 ffxFd are dep￿￿{B￿ on a strdight basis lmrthe1restim￿ ￿efiJI fj¥e5a5fdlpws.' ComwtsrEqupmerrt 3 yo4rs 1.6 InGome l incomo is ￿￿U(lO￿ in Ih• Slatom8ftt of AclNitss ISOFAI (tharity islogally entikd b) the tncom8 after any ￿rfo￿lance co￿￿On$ have m?¢ the arTW)W)ton bè measJr8d relkably and rtis 1.7 Exwndftsr¢ all Gosts relat8d to the calEgDry. Ewndibjre 15 rpoxJgrti59d where Ihero legal or￿)r￿tr&￿ ot4igati)n ttl make tr> partis. rt i& probabkn Ilwt the setknntwdl bB TEqwredanrJ tha 8wKiuntofthe obfjgalon (xn be m&aswed Teliabty. ExpondibJr8 ￿ Trlalb)n to th& athinistiation ofthE rthaiityarè alo(4￿￿ trj r£ts. 1Ji Taxadon charty is an exerTO charitywithin IhÈ rrnalry ofs(ethJkn 3of Ihe ChaiiI8sPd 3)11 and iscon8id8Trd to passthe tests setoutin Pardgraph 1 ScwU￿ 6 FirArts Act X110 and ￿￿￿e10T? it the definthjn of a tharfoble cory)8nyfr)r UK cO￿)raI￿ I&x WKK8es.

THE CAMBRIDGE SECiIRITY INITIATIVE 2017 NOTES TO THE FIPIANCIAL STATEMENTS FOR THEYEAR ENDED 31 MAY 2023 EXPENDITURE ON CHARrrABLE ACTMTY Adv8n¢anntoflnkmatronal Sewity Total 2022 Fund$ 2023 DI￿t costs Prc4JramTr evgnts Salaries Inots 3) ConsJllAncy faes An81ybc81 r8POrt fe8$ Grants. donations and scholarships Printing, statitiftry 4nd coryuler Tr8V81 and wL•thnr¥ Insulance Marketing Bank d)arges Sundry8XP8118e rjaining Professonal f88S 193.847 $3.782 I8.1￿) 1¥8.847 18.404 24,757 13,325 18.1￿) 133 1.1S4 11.173 131 133 11.173 131 12.813 113 19) 540 Depfeciation Supportcosts Ind&pw%lent exarrirAlts)n 1.140 Tolal )3.687 303,687 STAFF COSTS 2023 2022 W9as 4nd Salar￿8 33.782 24.757 XJ.782 24,757 2023 2022 The 8verag& nufttsrof sknff tho JBarwas'. Th8 Irust0fr$Tr￿Nfjd no [emUr￿la￿)n or oxp8r￿SdL￿1r¥ th8 )4r.

THE cAMBRI￿E SÉCURITY INITIATIVE 2017 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MAY 2023 TANGIBLE FIXED ASSETS Computrr Equlpment Total Cost BrouyhtfDrward Additions 1,774 1.774 At 31 May 3)Z4 1,7T4 1.774 Depreciallon 8ri)ught fowward Chargp for Jpar 1.428 346 1.42B At 31 May 2023 1.774 Net tx>ok valu8 At 31 May 20Z3 At31 May 2022 DEBTORS 2023 2022 Olh8rdebto pr8paYTh￿nts 40.xo X).112 43.144 CREDITORS 2023 2022 Wage PAYE and ￿r￿lOn& 1.979 1,328 Defeffad inc4)n 289.￿0 134,500 Deferr8d inCo￿￿- Fggsar8 ￿Ne{l in atharts 8fKI acwjrted foras a on the in whith the confereJx8 tskes rAa(. 2023 2022 BaLqn¢e atstsrt oftr rnporbng ppmd added in cuThBnt periods 134. 134,5rxJ 81.026 134.5 134.XM) B8Pan¢o atènd of tho ￿Po￿an9 Feriryl

THE CAMBRIDGE SECURrrY INMATVIE 2017 NOTES TO THE FINANCiAL STATEMENTS FOR THE YEAR ENDED 31 W4Y 2023 ANALYSIS OF NEf A&8Efs BEfwEEN FUNDS Unrestrlcled Totsl F¥mds Total FuTrds Funds 2023 2022 G•neral Fund Net assetsllliabilt*51 28.163 Total n8tass8ts RELATED PARTY D18CLO8URES ConSu￿r￿ fBes Of£18.1￿ pBNJ b the tsitstge. DrA M Dawg)n.