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
CoTr*nts
T￿￿￿95. Report
Inde￿nd￿nI ExarnNw* Re[￿rt
stalEm8nt of FIDanryal Acbmty
iwKorp)rntiny the IrKorne and Ao*Jrt
Balan(* Sh88t

THE CAmBRI[￿E SECURrrY INtTIATIVE 2017
REPORT OF THE TRUSTEES
FOR ThE YÉAR ENDED31 IAAY2023
Thp DirEc*JTS (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 slatsmer*ts 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 En*nd 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$rity r8gBtsrod Chartty commiss￿ of Er￿id arKI Wale& HM
d￿ri1￿bla purwses no tsxalion is pardblÈ ryi the I￿oM* w gal￿ ovwao re4)orrit•lty for th2
operalions oftr* CkRrity its th8nc88i8VAth tiwBckn
The Dtr8Ctors¥rtK> s8￿d dtsriro ts y8arwEre".
DrA IA Dawgjn. Sir R B De8Fbb*. Prof S A F&*8r. Drs P MarflarMI.
Appolntment and TraiTrln4 of thr￿torS
The app￿nI and r0rn0ve Director5 15 Vested *71h tt* D¥rEct(*&
On aF3pointJnent 8ath D￿eCtOr r8ceive5 copms of IhÈ prtrKipal and (hxJmw)ts ¢Jf
Company, wrent at]d forb￿rd fir*nu41 F4annr*J infomiatrjn. Dir8cbrs arE wth I8gu￿r uptht65
of relgv4nt érrformation Ihe Chanty Cornmiss•)nand olher IBI￿arth
Chahltabl4 oi¥eGts
Thè obpcts of th8 charity aTr Ir¢ advanc* *J￿81￿)n n T•laliDn trs Mtsrn8tiorwl sootsrrty and inlBllbJ8nc8 Issue5
IhrowJh ￿arch. prowl￿n of ed￿￿tip￿al Fwgrammes 8nd colkb)ratK)rts in sbAiè* IEacling
Publk Benefit
The c*arity wa$ 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¥aC*bo￿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$s- the r8voluliDn in op8fthLVX dats.
. Thr88ts posed by Éntefigenc•. cjtsr w¥fa￿. radralisats)n. ac*5 of tskytyism. and
. P4q¢)dÈm cor￿p￿0￿$ of trawreT￿Y by d*rrts 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 s*m nDt wp)rbtWJ S￿dY abroad. These factyrs
cow)￿￿ ￿•th r881du41 c*ubon 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<KI$
Th8 ISI Prwmm to Emman￿1 C•. C8mlx*e in th8 sJmm& tyfxf24. a mo¥e thatknill i
now thase in the d8vek•pment of C&'s ethcational p￿Mme8. In o)nwriaTkn thlth th& ColEg*. dl¥*rsfftatDn
inio now areas arxl programrn05 relatirvJ S) Int•maly)rb81 aml Intd*rth b8 0)n5idwBd. Thè
1nt8irwkn￿I Security Intdl*JerKt.
Financlal Revl
InLYJme fr)r the yearvBs£297,151 {2ty22: £88,2J61 EXP&r￿s￿l¥ vas£we87 IX)21. £71￿2) reslbng
n8tdeficit forlhg yoar of £653012(Y22.. £15,￿ nèt surF4us1.
Risk IlanagenKnt
The Dweolots have 8xamwLed th8 rnaiorstratsgiq t4JsW￿aTh￿ OF*￿t￿)[gI Ihg charity fac85 and
Reserv•¥ Pollcy
It 1$ ts inlBthion ofth8 DHBcbrs b eslabbsh a reserve. firsoy tj srKxyn8 to F4KPOS85 ollhe
CtrArity and secondly. ¥s a fijnd ffom Ththith captsl Gan t¥ coverbudsetÈd eX￿nd￿[B rot CO¥8rwJ
by uJrrEnt wKome. Frev r8$8ThBsat 31 May 2tr23 £x.e33.
R¢gl$t¢red Offi¢e
24 Mdlityton Roa(L C&3 9PH
SolKitows
Ashtons LggMI. 77 Newmartet Road. CamtsOJ8. C85 8E
Ststem￿t of Directors. resp01151bllltits
PFacbcel.
Company traw r8wire5 the DredDT5to prepre )Snancaal sla*m￿tr firwial wir*J. grts 8 In
¥nd fairvigw of the statF of the affatrs ofthe d￿ritable a￿lP?￿Y and of thp ￿¢￿)mir9 and aprAcation
of r8sources, ir￿d￿g ts w¢me oxpetthr8. ofl)E Ltsiitstle cornpgny forlhe ppriod In preFarino 1th8
fin8rK¥al slÈtem8nts, Dir8r*or58rv r8quY8d to".
obsem tho methods and Prints￿e$ n thD Charibes SORP,.
-mak9 judgementsand 8stimatBslhat ar8 arnj wu(I
-ststs wheth8r applK4bte UK knunb.ry Stsndarts b88n tDlty*l. sJiy&*b> any m8lenal d8[Ar￿Tr5
di*bsed 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>) fc*rsafwrthThJ 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 sity*d 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 wic*J 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 J*u
r¥sponsibknforth& pr¥paration ofts actounts ￿ ¥￿￿￿ar￿mith requirgrrnntsofth8
CornpaniesAct (the 20CE AL*I.
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)w*dth8 tirections by1he
cornm￿5[0n under s•ction 1495)￿) (rfth8 ￿11 Act
INDEPENLIENT EXAMINER% STATEMENT
I h*ve Cornp￿ted my exaffllnai￿. I rKS FO￿0)Me b tyty atknixln in uJr•￿1￿)n
wilhthe e>xrnination rno r*usè 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 t*Al￿eS lap*b
ID chaii*e$ 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 er*blè 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
GNTr*tal Fund
FTmds
2023
lTrcorne fr¢m:
t)on*liortsand 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 c*arit8bl8 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 ¢ompany*J obts￿ an #￿1101 Ftsfinan(a#l *Aternents forthe year
ended 31 May 20ZJ in accordance with Section 476 ofthe Comyan*sP4XXK.
81 ensthing Ihatlhe th8r1lat￿È wnpany k88PS se￿￿￿￿n9 rE(￿dS￿lith <ryly*ith SectM)n 3868nd ￿7 of
thtr COm￿ni&S Act 20tX arKI
bl preparing financial slatEments gib* 2 vi8woftt* slats (laffaws of1he £*Aiifat4e ¢•rypany
as atth8 end of eaeh frAnual yearand of its profftor bss fr>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 Gons*tiJt8sa Fljt4￿ trErEfft entity as defo*d by FRS 101 Th8 f￿Ancial slalBTh*nts 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 Ocb**rX119. 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 thatt*sis CF01rty is A going C3)n￿rn.
1.3 Flnanclal Rewkng Standard 102- Reduc•J dfs¢losuTe ex*mptThs
p•¥rnthd by FRS 102..
.Ihg r•qurèm8ntof Section 7 Ststèn*ntof C85h Fkn
1A Fwkds
Unr8strKted fiffidsare avai￿ 4tthe tJwr8iM of1he IDJth$in fwknarar￿ ofth8 gwwr¥l 0bpLtves
1A Tanglble Ilxed #$s•ts
Individual fi*ed 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> parti*s. 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 WKK*8es.

THE CAMBRIDGE SECiIRITY INITIATIVE 2017
NOTES TO THE FIPIANCIAL STATEMENTS
FOR THEYEAR ENDED 31 MAY 2023
EXPENDITURE ON CHARrrABLE ACTMTY
Adv8n¢an*ntoflnkmatronal Sewity
Total
2022
Fund$
2023
DI￿t costs
Prc4JramTr evgnts
Salaries Inots 3)
ConsJllAncy faes
An81ybc81 r8POrt fe8$
Grants. donations and scholarships
Printing, statitift*ry 4nd coryuler
Tr8V81 and wL•thnr¥
Insulance
Marketing
Bank d)arges
Sundry8XP8118e
rjaining
Professonal f88S
193.847
$3.782
I8.1￿)
1¥8.847
18.404
24,757
13,325
18.1￿)
133
1.1S4
11.173
131
133
11.173
131
12.813
113
19)
540
Depfeciation
Supportcosts
Ind&pw%lent exarrirAlts)n
1.140
Tolal
)3.687
303,687
STAFF COSTS
2023
2022
W*9as 4nd Salar￿8
33.782
24.757
XJ.782
24,757
2023
2022
The 8verag& nufttsrof sknff tho JBarwas'.
Th8 Irust0fr$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.