2024-10-31-accounts

R￿RT AND FINANUAL STATEMENTS FOR THE PERIOD ENDED 31 OCTOBER 2024 REGISTERED COMPANY No 10776032

ThE CAMBRIDGE SECURITY WIITL4TIVE 2017 FINANCIAL STATEMENTS FOR THE P￿(100 ENDED 31 OC7DBER 2tt24 7-10

THE CAhlBRIDGE SECURITY INMATIVE 2017 REPORT OF THE TRUSTEES FOR THE PERIOO ENDED 31 OCTOBER 2024 The DirectoTr labo referred to 83 Trustees for the purpose of dwrity kw) prosent their report %Mth the fin￿r￿al Statements ofthe charitable Company lor Ihe period eThY 31 Oc(ob6r2024. The finaroal statements have be?n prepared in a(￿ordanCe with th8 xcountir¥J Oicpe5 set out in the notes to the finanraal statement$ and c￿npty with the chantys trust deed. applicable requirernents of tho Ststement of RecmmeThl&J Practice. °Accounb'TrJ and R8poitirKJ by ChariiBs" 2019 and the CompaniES Act 20LK. Referen¢e and Admln18tratl¥e Detal The Cornpany was incorwjratad on 17 May 2017 arKI registered wlh Ihe Charity CCnMtss￿Tr for EryL8nd 8nd Wales on 17 Ociober 2017. Structure, Governance and Managemenl The operabon of the Chanty governed by ts MemoraTrJum and Arb"des of Assoeiabon. It i8 8 company Imited by guarantee and a ¢anty ith the Charity COmmw￿)rI ol EThJland and Wabes. HM Revenue Customs h8ve r8cognk88d the Larity for tax purptsses. s￿Ke the thanty only uses its fiJnd¥ for charitable pu￿￿9eS no taxation i8 then payabk on the income or gawls. The overall re8poDsibilty lor th? operations of the Charity and its financ85 ismilh the Direcior Dire￿015 The Directors wlv) have se￿e￿I duriry the year we.' tlrA M Dawson. Sir R B Deartove. Prof S A Hr. Dr S P Mathrnl (wl3r￿d 25 June 20241. A Kncrnk cUt￿r lapp¢intod 28 August 20241 Appolntment and Tralnlng of D]reclo The p￿r to appoint and r￿0Ve Dire(lors ￿$t￿y ttE D￿e(￿Or5. On appointrnent DI￿¢1¢1 T￿l¥e$ C¥•p￿ of Ihe prinupal o)nstityJtr)nal pc4icy do￿rnents of the Company. with current and foTward finan￿al plannry inforrnalKin. Directors a￿ pThicl&l wth regular upJ8t88 ofrekvant infomth.on from the Chanty Commission aNJ otlw ￿￿Want source& Cbarftsble obSe¢ts The objects of the ar8 to thanct educath?n in ￿lati￿n to intemational seDJrty and intellvJenr Issues through rg¥earth, provi%K)n of wkncational programrne5 ar¥J cOrA￿ratiOnS in intel)en￿ St￿yie3. teachir and research with nation81 and irrternatbjnaf unNer8itEs. tt L)vemrnent of the UK and other nations. Publi¢ Bangflt The charity was establi8hed in 2017 to offw a unique &1u¢aI￿Tr￿1 prowamm4 The purpose olthi5 unw4ue educabonal progrnmme are h%o-fold.' lo provxjo an opportunkty frjr uThJergwluate and ￿00￿ate stLthnts and earty<areer professionaL% with an intelectual or professKinal interest in statecraft and ￿ interlo￿tr9 lh￿e$ of intellvJet¥re, security, defence and fOre￿n polw to rneet and ￿Ik with kad￿9 xademKS praclitsO￿r5 from t Inteligen￿ and security communities and to ex￿1￿ the dNeYse arKI (tsfFdex callen9es fac&1 by Westem demc(fa￿,. Secondly. Ihrough of lunding. to promote tl sknjy and under8tsndin9 of int￿ger￿e afyj se issue8. Themes explored indude.. - How ￿teM intellgen¢% ￿mMUn￿$ can operate ￿ a wylj of seemiThJty SU￿11&[￿8, arvj h)w they might compete b%ith- or hamess-the revoluh.on in opnsOUr￿ dats. - Threats posed by intelKJen￿, Wr ￿drfare. rtdKalk%thn, a¢is of ￿r￿1$m, reg￿TraI in￿Urity and infomats.on operatwjns. - Modem ￿l￿ept￿)n9 of traMpa￿TY leM￿r&I by I￿rt￿TIate for 8tate 8e(xecy and the ro￿ of the Intel&gen￿ and security agen¢ies in a m¢yJem democrK -AnalytiLal chdlenges and the ￿lte11￿￿enCe￿l￿ interfa￿. - Varioug mecanwns of fftteifKJenee analpts and rfiss&xD)alion. countar4ntellwJ6n¢ aTrJ CLivert operath"ons. Achlgvernents In the summer of 2023 Csi ran another ¥ery s￿lU1 programme at Magdalene CoEkge, Cambridge focusin9 on theme8 to Intemational Security IntdlvJen￿ for 63 sludents in higher educats.on aTrJ for earfy career professionaLs. They appfEd from many ts)untr￿, most $L￿￿SsIU1 applicants coming from t English-speaking workl. in partI￿laT N. Amenca. In the summw of 2￿24, wth 73 students, the Programme ta Ernmanuel Colkge. In both cases, the Prcyramme vras very well taught and (ec£ived and the hosprtality aThg ac1￿mod8￿n offered by t#)th o)le9es vas first rate. Five sbjdents in each course ￿e£￿ed full boibon fee $cholarsh¥)s vthich ollernd on a ¢x)rTWI"iNe basis. One of the highlighis ol th&se Programmes K4 the IMHJay Csi ConferKe èntrtknj 'lntellBJence and National SecJJrrty ￿ a Changiry World, which offers k¢aures, 'fire4th' conver5ati¢)ns and paneL5 gNen by specialL%ts from the professions and arad8rn￿. some ofwhom art very senTh and all ofwhLwn are *lWaL£d to explore the key themes of the COnfe￿n￿. ￿1 ISI St￿nts attend gratis as do 10 alumThi eath year. Attendee¥ from higher Èdueaiion pay a reducgj rate150%1 of the fvl fee.

THE CAMBRIOGE SECURrrf Il•TIAMVE 2Q17 REPQRTOF THE TRUSTEES FOR THE PERIOD 84DED 31 OCTOBER￿ donalton Of£11.￿ k) tho CwiFlmortofWaFSbth4 KGLfornfyhrwkws Plans forfulure perlods Flnanclal RBvlew Inr>JmefDrthe wats£123,15112m fXI,15r.12 TrTh)nth8t 31 May2)23) arKI ExFw¥kn YAS £e17.￿ (%J7& £3X687 12 mortskn 31 Ilwy 3)fJ) h¥ ThwF4u8forth> r￿£1[￿.895 (2CQ: £q5YJ netdeklt 12mthtD 31 May Rl$k Mwaggnwt 24 Mllkngknu Road. c#mL¥￿. CB3 Pr¥C￿). finftrthl gtatsmenlB. the OwEdDTrqWe ryVEd kn: -oÈÉeTrp tho rng1tr￿ts and #) th¥ SORP.. atanytM&, th& financial ofthe cAriktle 0)M￿NY wd )ot4• tham) gWT8 thatts ffinanMI Apwu4d Dlr•thon.--.- And sW￿d belMVbJ'.

THE CAMBRIDGE SECURITY INfnAnVE 2017 INDEPENDENT EXAAYNER'S REPORTTO THE TRiISTEES I rwJrtotha dwlty1ntst￿s0n my Qyan￿￿)n knrthb ondèd 31 OGknker3JZ4 are Sat￿tI.¢]n Mes4t"9. P8rt16 ofth¥ XUsAL1ar￿ r8VCtofmy IMDEPENDEIU STATEIAENT JX16 or app￿#b￿ inth• UK4￿1 R￿￿1[81¥￿d IFRS 102)P i¢h alknlKJn enablg a rnporwJèrslandry ofthp P8uI chUbbW￿ FG Ch8tsrAkn LLP 7 Quy C￿rt CoSti•ts Lan& c￿25 9AU

THE CAMBRI[￿ 8ECURIThINITIATIVE 2017 STATEMENT OF FINANCIALACTMIJES EXpeWkn•4￿urt FOR ThE PERII)D ENDED31 (￿ToBER 2024 Totsl 2024 2023 LhJnalJortsaTrJ l￿d88 Chalirab￿ 8c*¥ity 71&494 . no494 296.964 4.￿7 193 TolallD¢o 151 297.1¥1 617.456 617.458 303.￿7 Totsl Expomdlthre 617.456 303.687 105.th5 los.￿5 ie.sy)I rals forthe 21,G33 24163 127328 127.328 21.SJ3

THE CAM8RIDGE SECURITh II¥IIATrVE 2017 BALANCE SHEET AS AT 31 OCTOBER 2024 (RElaSTERED COMPANY NUMBER 10771032 31 Ocknlb¢r 2•24 JI May FIXED ASSETS Tangibb assgts 874 CURRENT AS8ET8 Debtrjrs Csh at bank 43.144 1WI.T22 317.376 CIJRRENT LL4BILITIES Credib)rs duewilhin one ygar 295.743 NEf GURRENT A88ETS 127,328 TOTAL A8SETS LESS CURRE14T UABIUTIES FUNDS OF THE CHARirY= 127.328 TOTAL FUNDS 21.6 nall coryanias. pemd end 31 OL)bar 2024. al $nsurir¥J th•ttr &oriiabk I7)M￿nY actyxmlwwJ c￿r￿Y7￿￿th Saction 386 and 387 of Ihe Cornpan￿ Act2￿8 and bl Fxepartng financial stalemontswhKh and slats of affa[￿0f1he dMiilabkn oJmp8ny 85 atthe end of88th ffinancial year ofilswofftor ksss fDreath yearin auyJTilantx the r8qUiT8m8nts of S6cb)n 394 and 395 and whi¢h otheThase c4JWyilhlhe rewRvnntsof the C¢)mpanies A¢t 2006 r•la*"n9 tr) fin$n¢xl Slatell￿nN so fai as IJ thg comFqny. ApFYov8d byth8 Board ofTnJsts8s and tstr DrA 141

THE CAMBRIDGE SECURTfYiMTIATniE 2017. STATEMENT OF CASH FLOW8 FOR THE PERIOD ENDED 31 OCTOBER 2024 3t Othber Jt 14L3.KKI 128.078 11.049 Chang• ¢ath 4ul¥thats kn fl• Y•p 1144W 124078 . 2747d2 14Q154 . I29￿3 274232 31 OGtolv M May lo5.￿5 DewBciafon LaYuÈs 175 41.bJS 0331 .475) Is7￿ . {f43W)) 128.078 At31 Ca5hatl*nkand in FHnd 274232 (144.849) 1￿.￿4 274232 144.849

ThE CAmBRI[￿E 8ECURtrYHrnATI¥E 2917 NOTES TO THE FINANCIAL STATEIIENTS FOR TNE PEPJOD ENDED 31 OCTOBER2024 ID Ihtr UKand Rewt4ic of lrnhrKJ IFRS 1W21 ijweé in OL>bw2019.th8 Fr￿￿¥&1 RpyJbng SlaThJar appJicaY inthè UK4rtd Rèwt ottrdarxl (FRS 1021 ** C￿18&Ad￿J11.fft• ¢￿$￿t2 12 Golng GODGOM basls theirfirMrKI ￿xt12 b 18 Th￿aTrd onthatl)•sth8 Ch8r4¥i& a gory corKXm. 1J Fundg IA TaTrglhl•llx•d assets Expendltyu¢ to Pa￿￿nIS￿l thrd itiswobbknthat#w 2111&7rt4 b• re ond tho arTh￿[rt0fkn& 1.7 TaxalloTh

THE cAMBRIl￿E 8ECURiff IPITIAMVE 2017 NOTES TO THE FINANGIAL STATEMENTS FOR THE pE￿0D ￿DED 31 IXTOBER ￿21 Funds 31 Octt>l>w 31 Alay 2023 4111T4 412.174 193.847 sa￿￿8￿ 3) 31￿£ knlyttcal reportfeas 31 F*inting. statton8ry andoJWr T78 I.￿7 31194 . 157 149 178 133 IngJrarte Mawkv B¥nk jryexP￿J&P9 J1194 1S1 149 11,IrJ 131 4JminiBfra1v)n 175 175 pp¢xtcosts To181 617.456 617, .687 31.1

THE CAhlBRIQGE SECUIUTYIMITIATIVE J17 NOTES TO THÉ FINANCIAL STATEMEKrs FOR THE PÈRIOD ENDED 31 OCTOBER 2024 Tolal BrQughtfrJn￿rt at1 knB 215ZJ 1.7T4 1.774 1.049 31 OcknEr2024 Brou￿tfo￿￿￿Td at 1 21123 cha￿ br y 1,774 175 1.774 175 hX31 ObEr2024 At31 O¢b8r2024 874 874 At31 May1023 DEBTORB J1 OG>b•r 31 May 40JO 43.144 REDITORS 31 OG•b¢r 24 31 May 2023 Mlag88, PAYE and 743 134,9 134. B81fft at¥Thl ofthe

THE CAMBRIDGE SECURITY INITIATNE 2017 NOTE8 TO THE FINANCIAL 8TATEMEi¥f8 FOR THE PERIOD ENDED 31 OCTOBER 2•24 ANALY816 OF NEFA88Ef8 BETV•W Fvlllls Totsl Fwmls Totsl Funds 31 thlay Funds Tangibte assats 874 12Q454 874 1*454 127 121 10