numbor: 1179724 THE MALAYSIAN COMMONWEALTH STUDIES CENTRE IN CAMBRIDGE UNAufMTED TRUSTEEV REpoKf AIID FINANCIAL STATEMEK FOR THE YEAR ENDED 31 JULY 2024 R•f•r•ne• al￿ lthlnl•lrallv• D•t•M• of th• ChMKy. kn TftK1t￿ •nd M¥lMrn Trust•M' A•Bpon•lblllll•• 8tat•m• Ind•wnd•nt ex•mln•rts R•ptyt 9-10 8t•l•m•nl al Flnandol A¢llvll 11 12 13.21 REFERENCE ADMINISTRATNE DEfALS OF THE CH•AITY, IT8 TrUSTEES ADVISERS FOR THE YEAR E14DED 31 JULY 2024 Tru#t• Dth, Henry Bork f Jerorrty CON PrLth8or Lon8th 21 SeptorTkn 2024) Ch•rlty rngl•l•rnd numb•r 1179724 PrfnGlp•l offlG• 11 Ma¢lTrJlfjy Ro7AI CB3 OEG Dlr•ctor Dr So01 Sallsbury H Camtrldg• C812LA Cgmt CB2 Page 1 THE m￿ysIAN COMIIONWEALTH STUDES CENTrE IN CAMBRIDGE TrUSTEES' REPORT FOR ThE YE￿ ENDED 31 JLLY 2024 Th8 Mala￿￿ cornrnn￿dth SI￿1￿8 Coth In CaThtsldp (MCSC) wa8 0glabf18h8d by TWBI D•od. dalod 30 Awtl 1995. with the Eirn ol fwtrwthg St￿11¥8. prmority in tho Urivarsty of C#rnknidg6 but 4180 0186wh•r• in cOwr•t￿n. *ppropii#t•. wilh olh8r trusts. Th8 Tn**gs hold Ihe funds raF8ed tr the Centre lor applScaUon In act*ydgnce thg PLWP)s•s s¢1 ￿ In th8 Tn￿{ MCSC orf*alty •st￿l$he￿ a6 an oxwnpl U￿19r. S¢JvAdg 3(28) of th• Chaths 2011 on acc•)unt ol h rA)t¥*ction th*h LknIwr81tyol Cwbthlgo. Educathjn De￿￿￿n￿nI Trust (CMEDT). the Fvwic• ￿mmIttee ol t1￿ Ur*Msty rec#)mmend￿ thal a Iddl￿1n of trusts shwkl th pl￿. ThIB rnc4mmwd8lloA W88 un￿*M￿SIY wprov&d by the T￿￿tea$ ol bcth trnsts. On 1 August 201& the MCSC TfUSta89. togetrw wfjlh the Unfvuth, exa￿19d a Deod ol P4nor#lmgnl of tho Trusl Deed Io *rter MCSC k> bo(¥)mo a Ghorfty rogiB*red with the Clwrity Cornmis8icm rather thon •¥ an exryt d￿rIY undBr of tho UnThw•ty. Tr* Ob￿cl$ and pu￿ ol lh& wKh#ngwI. As ot 31 July 2024 ts foldw hos be￿ and the two Injsts C4MUnue to report thelr frfwnclal results sep8fatsly. To dale. rn transler of a88ets Iw lakon plac0. and rK> decknn has been taken r8garrlry vthen suth a 1rnI￿ mwt 0￿1r. CMEDT and MCSC (¥)rtiwe lo r•maln Professor Jom Lrfflsdalg (Chgknnan TnA*I 21 Swefjnts2024 Ck Goth &ihMon (Cthimw TnKleo) 22 S•O0ftts 2024 l)ato' Hor#y Bad0# (DepJty Exevjuw Chdmian} 11 JLty2026 Jpremy Capmr 11 J￿Y 20a6 Th• Ch•rfty Cornmlmkn r•gi81or•d th• MCSC 08 • dwrly (RWatKm 11797241 on 29 AuguBt 2018. MCSC'S bo89 is 0111 Mwlir*y Rogd. CwknKSag. Thi¥ wwerty rxryTW 8 d8tth*od fr08lLdd owned ty th8 Yayason Pok Raf88h 8erdaft8f ar*1 18 100god tr) MCSC lor • pw>orcom rant,. th8 18ase has b8•n féntrwed unUI 15 Marth 2QS. Th8 MCSC rernakn$ mo#t thè Yay8g&n Pok Ral•ah B•rdaftar for lh* Ourfng 3)2>24. admklstrth 8•YOtwAI ats•ltsl•K8 Ixtho IKSC was Iho c￿tro.$ ba6& 8111 Roed. most rases or held s￿lar in busi1888 or wofesslonal In8Wlulbns. S Tru8ta8s 8ra18gding IlgLres trryn wlthln Ihe Unl¥orslty of Cambrfd99 115 Collggg& It15 Ihe pollcy of th? Tru81 that dl new TN8t••s shoLthd rec•fv• rnknu108 of m••ltrÈgs of TrLo188¥ and trwir Exeurtit rec41¥0 8 ¢w of Trtrtt DDed aThJ •ry arnl mwje undor IL th81 they Should t grnn Bn informal by officm •rKI Irfylknj tr) corlacl ts QwThan of tm Ex8cutkn Commlttee furuw and bètter or wy Mat￿ a￿lI¥J after 9￿81ng b•c*gro￿d pfjparn. Further idBTrtified Page 2 TRUSTÉES. REPORT{COMnMUEDI FOR THE YEAR ENDED 31 JULY 2V24 The lolltywlry 59rYed as offlr*J of MCSC Ilnandal ￿￿202$24. Dgto. 0$ Tntstso 8Th*Dep4rty Execthv Chthnan. b98ed olth• TN5tW8. t•r¥Ao ofdllws 11 ￿ly2028. EX•cutI￿ C￿￿mIll•e 2024): DIr￿l￿r{DI Ml Soa DgIW Ex8rAth& Ch•kn￿ (D•k>' H￿ry Tfeasww (Dr Nichol8s tho EX￿tr￿ Ccffin*lo0 (eX(*uJi￿Ot I￿rKI or TAWS b8trffj detemilnedl AGTivmES OF THE c￿RE MID DEVELO￿ DURING THE YEAR TO 31 JULY 2024 twjllty), in ¥Alh othar bfyJt•6 kn C•thJg8 ONI b&sty1d. In PLv*Jt of th880 8kn8. tho C8ntro ¢kn¥ety tho Cambr*e Ed￿￿tth and Owelopnenl Tm$l (CMEDT). Wh￿ krter88ts arn do8dyrtlated lo lho￿ olfv Cth. Sludl•s' 8h811 ￿ d••ned to C•)w mallws. cl both &ad￿TrIc ènd str* IMM are d (x>ncom Al¥lll•• alth• TAMt The crfJrn rvrnlt Is to prom(kn Caryts¥fyJe'$ Maw aTrl. more txo•tly, the da¥eWTrJ ImFKNt8nl Tho Twsf¥ of eAx*MKIkn thlh I￿ Canthty klalapwn Ed￿1Th and DeveboFYnort Tnjst ICMEDTI, h86 continued to be as thely as poss￿￿• gi￿ *lsiry from th8 ￿vId. 19 pwdami¢ oTh1 finarKial ¢(ffjtr•ir*. prOW￿M￿S vjrg: Aff￿da￿a Ell￿1 (111 Mtlgatlon ol Clbfflale Changg armj Natsal Dlswlw¥ (li) Su8tainablg DthY1Lyn￿I arNI SmartVI8y8 Incom• allh• Tnmt In ￿6P￿S0 ts a requttt put TN8t b thè MAIA>¥kn GowmThnt in 2020. the Go¥omment of m￿>*1￿ agreed to mgke addtk)nal contrt￿t0 CMEDT of£1m a }￿rKy thr•0 )*ws from 202&21. The Ilrst of th890 fthtrlbutlons was rnc8lv8d by CMEDT kn Fobnwy 2021. ond Ihg on 6 Jurn 2022. The contlltwtm wo$ Tr￿*1¥8d try ￿lEDT shortly 8ftorth• 2022-23 Jw4nd. In 2￿24. CMEDT trwthrrnd £￿.Th)0 lo MGSC hi Novwnber 2ry23. TRUSTW REPORT (C011Tr4UEDI FOR THE YEAR ENDeD 31 JULY 2024 11 AFFORDA8LE EOUCATII EnglJ•h L•nuuag• L••mlng, T•Khlng •r•d A••M• A key rernit addr05wJ by (WKI ¢￿0T) 2010 t* help MolaW• th8 prollclorw d Ms peopl•8 In tho Endknh Iwy¥•. Aee•sslbl8 T•srfny System (¢ats s The AcceBFlblo Te8thig SJo16m ¢•1¥ •top. ¢y8th1 ty the reweswkn an knnovati4• of 198mirYJ 8￿j assesslng fun¢lbn81 Ér64lsh. AmoTrJ Its c(ffe pwposos. the fjyBtem h86 been doshaned Io 0ft8b PL* of varylng ablllles aNJ from difforenl tr) In EnLlish Ihrough a 81e b*step procgs8. *llh 1ho1oam1￿ m81etsl bglry #n Intswal part ol $yst6m ah)ng wllh the a￿*SamentS. Th• Th8 pl1r￿￿￿1 ex￿￿1￿￿0 t)n ¢•t• •tsp 20tr24 h9$ lJ•on sh•1 l>th8èn CMEDT MCSC. h the mdn on thè dèvéknprnth d th• systém a vlthv to Ils derAownent kn other countslos, the particulw airn of pronM)ttTha affordaN0 •d￿atr￿ lor disthn* 80￿¢￿5 of In the de¥dopkng 32 lJl[FIGA￿H OF CUIAAYE GHAIM% *JID NATURAL DISASTERS D•nwn V•l*, and lh• E••t A•1• R•lnf4Y••t R••••r¢h P*b*rn￿I8EARRp The ctytknulng SUPFQrt by •KSC aThJ CAEDT ft>r DBnum V*y. ts SEARRP. has be8n ￿111 in lmde￿I￿nh thp lon*tom and data Col￿tiOn v55qnli81 in an •r• of ￿7 othrfmnmontal ¢haw8. In Parti￿￿r Sgmlnal tt*ntrtwliM8 that SEARRP and V•W make to the dOW￿Men1 of con8eNallon Links with C￿bridg0 r8rn*n intogral tr• fU￿rn ￿s. pwlKulaty the w)rtt of C8mbddga•bgs8d Pmf8ssor John P>rfe. Is th> ol ih• SEARRP Bo*d of Tm81885 on ¥%thh Dats). Barlow, of CMEDT. al￿ The 08labllshm8nl ol on (kn sden￿ TaL*nol(yJy. Since Ils launch kn 2013 nd8r th6 ￿de￿Ip of Profètsw Lord (Jul1￿) of Chestwton (• Trus1•• of CMEOT). to981￿r ProfesBor Joy Perelra •160 o Tn&8tee of CMEDTI. tkn 1g•J8 UKM'S Souih-Ea8t Asla Ixsester Prov￿11 InlllaU¥e ISEADPRl>, tffjs ry•th18 Iwrknfthig irknmaknl netvmrk has fadllt8twJ and Ihe ox¢hango of Inf{x￿th bgts•on rosearthw¥ on tho ￿lOn1￿C and tethnuw w8cl8 d clmato From 118 b88& al S£￿R1￿jK11 TAth $upwl fmm b)St￿l￿n9 in the Comrnonweath and beyond. ANCST ¢oordlr*tss s￿1 top* gr(￿p$ on thto and tec*nol¥y topl¢4 fjngagb￿ nx>blliBing 8ssocl•tgd pwoJoctS Supp￿t8d byCMEDT and MCSC in rKent ygars *• a comrrnjnlty energy In Tanztha. a rn1nl￿d In Ugwth, a prc48ct to frtyn thr spt•m$ In and around Neirobl, Kenya. 4 rnLt*i18 minKJiiJ proled In K•rFya. a Iwm 8SStorn kn rural off4Jrid 1onn•r8 in Uganda. aNI a mlnlgfhj Frfc4wl In Lesolho. tyjrpleted Fffji•ds • bw>J8t coh141ore p￿eCI In Uganda. o remote ac¢•g8-ltrheaithcare pW an off-whd lthogy wc4ocl kn TanzAnl4 a miniwid modelhig lor Page 4 THE MALAYSIAN COMM(￿vE￿7N STUDES CEIITRE IN CAAWRIDGE TrUSTEES' REPORT (CONnWEO} FOR THE YEAR ENDED 31 JLKY 2024 Malapts 8r#J Sc*wll•nd. 14 GOOD GOVERN*XCE MID ELECTOR•L DEMOCR￿V P4 IHE GOMMoII￿TN {AND BEYOND) For ihe wst 20 yearn MCSC. bwethgr tmth CMEDT sirKe Ils esta)IkslThnL have plasffjd the key rde in estoblisNrvJ WKI Ioadlry an 8nnu81 Cambr￿0 Confw0￿ a IDnJrn Chlef El•cbon Commlsshjwrs and thosa whD18ad Él•clkn Mfjnagryil 8(NJleB in tho COMn￿￿)￿O8Ith {and bey￿￿) can m8 logethor lo 8Xd￿n08 Infam￿tIon aThJ Id￿ rA*y and dodlons whlch are a8 Ir•• a8 lalr as perrnlL Ma￿￿u8 b•lw•èn 23.25 3)24, and 8 se(x)nd m••tlng In Cornbr￿0 1&20 July 2024. A pdWI OThER ACTMTIES A￿rdS In coll•borntlon wlth th• N•lwu Tru•t fw CaMiYidg• Unl¥w•lty ￿T¢v) D¥rirvJ 20￿24 MCSC. in cdabryal¢)n wlth otrw Lvjtos. $￿p¢￿tad at Cantsldp Urthv￿ty Ph.D. 8ludents {in EconL¥nkB L*MI Ewianryl and tw￿ 8trJdert¥ l&knJ the MBA Dggro9. MCSC collabLYated St Cathatine's College 8upwi ol a PhD SI￿nI kn tknlopmenl Studte8 *tK+ W88 $UPF¢rt•d 8180 by • T￿kU Abdd R&lwMn SclKla* ai the ColegB. PUBLK BEMEFrr Th• 8lM)VO 0(XOWbts ollhe Tru8V$ 8th7ii8s tho P￿1¢ b•rofft othyj from oach FKogrnmm•. Affordable gu*1n0b￿ dw•kn￿onl ICKMI sowly. th• m*aUon of dlmat• chango and natural pr(yamrnes ofLTrg1 thl ￿ner￿ to pthlic. Tho TnJ51888 aro 5atlsfi8d th8 a¢11¥1￿•$ ol t• Tru8L aB d08oknd in réwyt In th8 accomp* accourts. arn enttr•ty for cttarfiawe purpoy8s and fi* m•8t thg bonenr rnqulrnmgrt ol the Charities Ad 2011. Thg ¢ffifmi that kny hrn rpfeTh￿I kn the in tho Ch•rity Comml$6lon'8 geMr•l gulden￿ publk bengnL had been encowag•d ty G(yMmmont of rnko th88è In rec4nl yws ts InJ81 hts rnlknd on frThn CIEDT b rwndn a plng ccrK•m. Tho Tru8f8 futwe *J•r￿MIS eAttc4lly UkYJn addilN)n81 ineome. The po951￿lIty ol •(Yno form of nwar with CMEDT rery*ln$ for hrturo c¢nshd•rgtbn tythe Tnthes ol InJ8ts. The Tnthes do Mt h8¥8 an etr￿1 an￿alM￿￿ pow os Suth. rnl>*Yd C￿ ts ￿ld•S adowad by Ihè lknl¥erdty In r8sp8¢t oflts &M1oYnMnl FuThl and M&G in respect 01 (￿￿lIund. Th• Trusteos havo 8weed to depkny th• tru￿& romaknkng on I￿thIr4gro￿J kAnl F¥ogrammo8. •$ 88 ¢)n 8th1118¥ Taullgd by Twsloes WKI c4ythLtsJ oxckthety by MCSC lin th• mein, awards 8F*clf¢•ty f P•pE TRUSTEEV REPORT ICOMTIIWED) FOR THE YEAR EI•)ED 31 JULY 2024 Fln•n¢lAI R•vl•w Th• totsl th? yeor wde(131 Juty 2024 was £310,63312m43: £414,S331 Tha kxal expgndllure for ltr* y*ar onded 31 Juty 2024 wag t538.497 {￿22-23. £404.462). Th• Mt oxp•nthlw• forlho 31 th*2024 waB £227.864 (2022-23: n•1 IrK4yr* of £10.071). Tho t088 ￿ r8volu&tloD ol ts IrN•8h7￿ts £3.121 (3)22.23. £6.980 The Mt mo%BmoM In •Jnth was a nat dgkll of £230.905 (2022.a" rntWrp1￿ of£3,091). The tr)tsl a$8¢ts less11oblO•$ 0$ •t 31 £144.075 (20T243: £375.(ffAJ). ¢IO•IG CONCERN The Twst'B d￿lIable aGIMUostW40 h&1 kn bo S(X)￿ 2023-24 unlil tho fKtwKaal posluon co￿1 become deerw. Th8 dcrt81kn ID CMEDT ty Mal•*n Gwommert Mi 2023 onaNed CMEDT *J (ffitinuè to ÉUPt**t MCSC. thereby MCSC b pkn its on • gcAwonc•m IMsl8 lor 202&24. A *nlficant c¢nbitsJlth from the Camtshd90 Educ￿0￿ l)8vel0i¥r￿t Trust Is antknpAtsd as a re8uIt of the p4xcesBfiJl * by Its wlMJUTrowffted eAxnpany CAT$ Stsp Ltd of tho wduct CAT8 V•two devolopmgnl CMEDT The In*t ha8 tolal legs liab*e¥ of£144.075 8$ at 31 W 202412023: £37S.(8)1. RESERVE8 POLICY Ai trk* fund5 of the Centre 8r• irNo*8d. tho pury)oJffi of th& Trust. kny swnt w)mo in any hèkl ag#ktsi exw¢JttTh In lulure ￿ In th8 hope of avoldlng m swlngs kn the1o¥d of aclmlks ol the from Jwr. The Trwt dogs not havè 8 spath pcAiGy lor that 18v81 of rese￿8 it thwld h(**. It 18 the pjky oftho Twsta8s that thè Twst sh>Jd spoTrJ moro thon Its RISK MANAGEMW satisfigd that the rnports tmy rec4pA al orotla lo a88w IhgBo ri*s. ond lo wl In h￿d o tim¢ly basis arry ￿$Bary adk>n8 lrnalrty changos kn lh8 nwnbBr of awards offered from )*ar to )w and •xpwdlbJfO cffl Ihe FwlrK*•l lo l•wthi ￿ •K•J them. A risk wiater has been prepared arKI 18 WKler rvAow. Th• prtrdpal r18k ￿18$ to the unèxpec￿1 10s8 of kéy 8tsff. risk has been miligthd through tho dose ctYrnxk¥w *ffilch otst Iho Trust aThJ 84nk)r mwnberyJ of tho lthrs*y t￿0 SUF¢￿ work of the TnL4L Th8 other rlsk rnlatss to th? posslble neèd kn thè Trnst to contrllxrta add*k)n￿ rethrca8 &) wr4K4s wlh CMEDT If ts onUc*a addllSona fvndlng forCMEOT frorn Malay8ts Is Trjt forth¢xrfnhvJ. There are curronty no other m•KY r*s *nlkM) ofth• T￿￿. Tru81oo ind8mnW Irww4nco Is In placo, Iwther ¥•ith empW8 and Itladyty Ilab*y kn8uranco. PAhldlnp and r4)nlgrts kwranco IB In place witrmn ts reGour￿6 oftTrki Tru6L P￿6 TRUST￿￿ REPORT )￿(1ng S18Th1wds (FRS lir2) h*4è frkn*d. s￿leCt kn •ny matorf01 Charty wll I>)nIr￿ In The Tru81808 are respo￿￿1• kook￿￿j •J•qLM* ac(w*rYJ to shthv expknin Iho Charfty$ lrnn88fJloM 8nd disck>s• wlth fthwonaW8 at any time the firnnow po*lh)n ol the Charity and enabb them to en8fft that Ihe slAtoM￿ts th• Charltl•s Act 2011. the tharlty {A(￿nts and R•pJrts) Reguldions 2008 •ThJ Ihb of lh• TTr￿1 deed. They 8180 108pon￿j1e for 8af•guaTdlThJ the a8seis of the Char*y and for tskknJ rnÈsonaN8 steps the prevenlon ond dètèction of Dr Gofdon John¥on Chalrni DAt&' IS 24*lS Paga 8 INDEPENDE￿ EXAWM*'S REPORT FOR THE YEAR ￿DED 31 JULY 2024 IPIDEPEMDENT EXAMINEifs IIEPORT TO ThE TRUSTEE8 OF THE MALAYSIAN COMPAONWEALTH STUDIES CEIITRE W CAMBRIDGE {Ih• Ch•rftyl I rtixyito thè dwrtty TIL￿￿ myoyan*th ol the Cl*ftf WKknJ 31 thty2024. REsPONs￿lLfrlES AND BA818 OF REPORT r•quIr￿￿ts d tho Cfvartkn 2011 2011 Pd). I ropryl kn rnsporA of my6xaffth)•th)n crfthe Chwws 4Lx>xM*J (*thl txrt undorsoclion 145 oftho 2011 AGt 4nd In carr￿9 out my ex￿￿1*)￿ I havg f(*yAvJ tho 8ppkale t*KIkn8 by th• Ctharfty Commisswn L￿der sKlhJn 14515Xb) of th• 2011 Act INTIEPENDENT EXA¥WEifs 8TATEIIENr Slnct thè gn>ss Ir•xthe 8xc•gd•d f2SO.O(X) >Y)w mugt be ? mwnber of 8 body Ilsted In Soclh)n 145 01 ts 2011 kL I conlkn) that l am q￿lI￿ed ts urthrt* tho WAamlnalkJn boC8U8e l om a mgmbfjr of ICAEW. whth16 t)n8 oflh118W b(Ale¥. Yowai*ntson Is to the lact that the Clth the A(xxwntlry by Chorfltes: Sgtomont of Retsjmmènded PrndirA appk4blg b) wèpartnp Ihelr accouThtg In occordance Nnancaal Raportlr¥J Stand8rd apF4I(xt￿o UK aNI Republk ot Irgtond (FRS 1021 In prefwfjnr￿ to the and Rewtkng bycharftles: S1atemonl of R￿Qmmend¢d Pr8Ctk* 188ued ￿ 1 l L￿d¥s￿nd Ihat ha¥ been done In (Ydw fDr IM xryleted my examlnai*n. I c￿1￿7 thol ￿ mthrs havg ¢(xn? to my ali•ntim kn CWn8ctk￿ WAh thè examlnaoon mo CW8• to bdiova thai in any Materi￿ acaxmtiw record• r•)t k•it kn 10SF*Ct Chwlly as fryifed 1*) of th9 2011 **L tho aCC￿nts do not a(wrd Ih080 (Y acc￿￿19 sol In th? Charltas1kn4Mxts Rowts) Rtyulallons 2LU ¢)•w Ihan any raqulrnment ex8mln9tS0n. I hav8 Tr) conc•ms have a(xo8s r#) mattws kn coM8ction ￿ lh• exènwnalk￿ lo which ThE M￿Ays1￿N COIIMIJNW￿Tm CENTrE IN CAIIBRIDGE INDEPE1￿ENr EXAMINEifs REPORT (CONTIMUED) FOR THE YEAR ENDKI 31 JLLY 2024 This r¢wt Is m8do 8oldy to Ch￿ty$ Tru8tM6. as a body, in oC¢tydan￿ *ith Part 4 of th8 Ch8rflla8 (Accounts aTrJ RepNts) Rylalw)ns 2￿. My hgs iwn wthrtaken so I mlgm stAts to thé Charwg Trusloes thos8 mattets l Sm rewlr&l slat6 to th8m Indep￿dent Ex8mtrt8fs Report and for no other purw8•. To thg lull8st extent pwftthj bylaw. l thi accept or asswng resp￿￿)1*Y to 0￿r Ihw tho cha￿ty4nd Charity8 Trust•eg &y a iK¥ly. for CY ky tN8 repxt. Nlkkl Loan FG4 PETERS ELWORTHY & MOORE Hou80 SIAt*>n Rood c￿nbIl19e CB1 2LA Paga 10 THÉ m￿y$lAN CCWIIONbV￿TM sfuDIES CE•ITRE IN CAMBRIDGE FOR YEAR EPa>ED 31 JULY 2024 Toial fun Toial funds 2023 fund• INCOME FROM: D￿alKin6 kwestsnenls o,ooo lo,￿3 400,WO 14.533 10,633 TOTAL INCOME 310.633 J10.633 414J33 EXPENDITURE ON: 404.462 TOT￿ EXPENOITiIRE 538,497 404.462 NET (EXPENDITURE)miTh BEFORE NEr LOSSE8 ON IIIVEsnAENTS 1227M4) 1227,804J 14121) (1121) 10.071 (6.980) NEf IAOVEMENT IN FUNDS 1230.9J¥ 3.091 RECONCILIATION OF FUNDS: T(Aal fixrfls forwwd Not rn0¥om•Tht kn fLmds 37S06• P3Q18SI 375,•00 1230,986) 371.969 3.091 TOTAL FUNDS c￿￿0 FORW*JID 144,075 144075 375.060 Pago 11 THE MALAYSIAN COMIA0MWE￿TM 8TIXXES CellTRE IN CAAIBRIDGE AS AT 31 JULY 2024 2023 FIXED A8SETS Irwe5tments 11 132.132 CURRENT ASSETS 12 1•3 17W1 12.440 250.898 C89h al bank and kn harKI 17¢654 263.338 Credlth: am0￿ ¢kn i*ihkn ( 13 579) 12LI.410) 14WS 242.W TOTAL MEf ASSETS 114075 375.060 CHARrrY FUN08 375.060 TOTAL FUNDS 144075 37&1 Thè fmaN>81 $lat&Tr)8Ats wo¥&1 tyl1* Trnst•88 and 8iwJ on th•ir boFAII ty. ra Dr Gordon John•on Chalfflwn Date: IS &K>zs Tho p•96¥ 13 k) 21 fom p•tol#w• Pap12 NOTES TO THE FIIANCWL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 GENERAL VIFORAIATK)N Th8 M8k8plen ComnTr)nweaNh Sttths C•nkn fn Camb* Is a Charftablo Tnjst r•gi8twed with th Clwlty C￿nMISSh)ft CA E￿and and W*8. Tho lknarfal sltttwmnts aro pr¢prfjd u1￿$r thè hL8tortral 2.1 8A818 OF PREPARAYION OF FN4JKIAL 8TATEME14T8 Thè #i*ièm•rts wop8r•l kn wL¥JIdor￿ T*lh Iho Charfuts SORP (FRS 102) . comlkng aThJ Reporlkng by Ch8filtes: StateM￿t of Rewnm•nd•J Pradce 8PFlICab￿ to th￿l￿e5 prepwlng tholr acL¥Junts In acrnrdarTh Y•Ath Re￿r￿9 StsTh4ard appl*abbB ￿ the UK and RepvtAk ol (FRS 102) (affeGll¥e 1 20191 th8 FlnatKI81 R￿p￿ &and8r(l applcablB In thè UK *)d Rep￿1¢ ol Ird•ThJ (FRS 102) •ThJ Iho (￿￿11￿$ kt 2011. Ihè Chariltos (AcCo￿t3 and R•prKlsl R•gulotlon¥ 20LW orty to th• exknl r•qvKad to providè a and l* th. Thi8 dyrture fdkming Ctiathes SORP {FRS 102) published In Octobor 2019 rknr than Ihe and Rop￿thg ty C￿lItI&s. Statemont of Recommended The Malasslan Cornmormwlh SI￿10$ Cwrfra In Canitrxklg• m8ats dotlnlllon of a publlc bonofft •nUty uJ*gr FRS 1W2. A$3* and labMlloB wo ￿laKY N8tDrfGal (¥Jst c* tran￿tim V8lu6 urkn otherwiae stal•d in tho r•l8vant arrAMItiNJ ￿￿cy. 2.2 GO￿G CONCEIIN exceed the re80wce8 avalable. A ￿rfher £1m Irom the mala￿7￿ l>)¥8mment wa8 by CMEDT in gu8t 2023: this furrtltyvJ w• the of MCSC. A fwlPw aFfAication lor SUFPOrt fr(xn the Mala￿lan Govern￿1 18 in hand. A *rAfiwt from fh& c￿1￿￿198 Edwtkn Tru8t18 anYdpat•d a8 e Tesull Su￿0$8￿1 sah by Ws r>JnpAnyCAT$ Sigp Lld of the kyryknt CATS whos& The TnJS1￿ arn confthnt lh8 Trnst hB5 8d8wte funds and res(wr¢es to o)nllnue opera￿r￿4 81 b•st months frTrT* d•t• of thèsé fin#rKW and Is oced lo manage bugln8s8 8UCt485fuMy. Ft¥ ra28orK tsy to ad¢Jpt the golng 2J ll4COAIE ATr kncom• 55 rowgnknl on(x ts Ch*ty h•$ ￿MI•m￿l k) the income, It 18 probable that thè b• •TrJ tho of rncelvablo C￿ be M￿Ured rnlith¥. Pago13 FOR TIE YE￿ EPW 31 JiLY 20Z4 A￿OuNTrI0 POLlaE81¢ONThIIIED) lo a thlttl paty. It Is prob8tAe thal a translw of ec¥yKrt bwmllls VAI ￿ requlred in 8•1118mgnt and tho an￿Unt ol tho OLty1k￿ w b• rellably. Ewndtlm is da8*f￿J by •cbvlty. Th• fA)sts ol oach mado up of th• total of thred o)sts ond 6hgr8d Costs. Inc•JdlNJ suppcrfl ¢081$ Invofved h ¥rKlwlaklr¥J 08th oclvlty. Thr¢d Costs attrll>utat4e to è slngb Kti¥lty gra allo￿ (hroctty to thet ti￿￿ty. Shared c¥Ats ¢ontrltsJle h) morg thgn one advlty and supp(xt ccwt8 whlth aro ts CryKlrt¥Thl, wch w•its me0￿1￿j •¥ 6xp8nd*ure tAh8n f￿nd11b)n# attacNng a fulfiw. Gr￿ts off•red to &Y￿a10n$ ***h hovo rnt bè•n mèt at the ￿ end we notsd as a The maln projxts Oft￿ cl* arn alh)rdgt4e othxatkm. k*>J sgcurtty ortd su8t4lnatlo d•wlopm•r GO¥￿￿nC￿ coBts uJnyl88 al ￿sts pA41¢ a￿lUntr￿￿ of tha chadty and ++ )Mplan￿ wlth regthlh)n WKI giod Th888 (x)tsts Indud8 C08ts related to the Indgpondent Ex&n￿￿on and109•l f•o8. ulllllkns. 0ffl¢o Pfopgty ¢45ts. t¢knphoM. sblarws. 18yl. tra￿1. arxl govern￿ce cost8 fN Iho charfty. Support costs w• alloc•l•d ts) prow>rtion ts) IhB direcl Costs ol thosè 8thltte8 ITan9acknn co¥t 4rKI at vdu• 81 ts B•For￿ Sheet dat•. InV￿onI gal￿ and fo8Jes, Thtthr ￿￿.8•d ￿ wrnaM8•J. ar• rx¥nbln¢d presortsd a8'GAln81(Lo8sos) on 18 DEBT ANALYS￿ OF SUPPORT COSTS T•t•l lunds 2023 2024 81,333 97.961 9.130 19.T11 2,45S 5.357 Renc Tate8. Pmpety costs Tdepfthe, po8ts9o. 17,360 2,301 7,121 7,537 123 19,617 237 17,781 Aprmtkèshlp kny 17 19,858 162,928 175.275 Grnnts to GrnThts to In•lXutlon* Ir￿l¥1du•1$ funds lund8 Pron￿1￿ aThJ Ed￿ E￿41th Langu8 Ch* 37JY) 66.500 61.952 5U2 48.n8 194.396 52202 TOTAL 2tr24 246.678 37,500 1•4.178 17f.190 TOTAL 2023 110.6gJ 177.190 IAr¥Juap grants IH¥e ts0￿ to tho C•￿d9? Educabrm ar¥1 DpvoWior•l TN$t arnl sub4tharyCATs Stop to t•gtiw Sfv•m 88 dexrtbthl In thg T￿￿8$, re￿rl Py17 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 PMLYSIS OF GRAIITS {CONTINUED) 20rJ NAME OF INSTITUTION CATS Stop Llml*d 194,J96 20￿0 81,952 25,000 rd,738 Swarn￿ Unl¥w* Dwm Vdloy) 2K678 110,893 2023 Foes p8yablg to the Ch8riV8 Indep8ndenl kxjoporn 8TAFF com 2W24 2023 Waoe8 Salwes Sod8186￿rtY tr)8ts 88,725 9.434 11.710 7.732 4116 4V￿￿e8*hIP 110.284 Pap 18 MOTES TO THE FINANCIAL STATEMENT8 FOR ThE YE￿1 ENDED 31 JiLY 1024 8TAFF ¢Om (COMTINUEDJ 2023 No. Th• koy mwgwn8nt persoin810rn th8 thè Ex￿4¥8 Corrffikne. as Set wt on page l of Ihls rewL Tho Dlrnctor arwj TreawTh the th mwnb•r8 rK•ivg r￿￿￿0￿1￿￿ from TTh￿L Rwnun•rakn Is appr￿1 ty Ihe ExeUrt1￿ CL¥nm￿le8 afier o)nsid•riwJ To￿lr￿nd8￿o￿s of Ih R￿unera110n Commiitee. In solting the levels of rnffWn8r8u￿. th• R*Nri•ralon Commllteo ha6 regard to pwlovolB ofC8n**ldgo. Thè ts)tal to Kty MCSC CMEDT was £84.087 (2023: £98292). trK1udK￿ 8oc4818ecyrfty costs arnl C￿1% Tlwg ￿re 8pF#Jkned befvffjon CMEDT and MCSC. Ih no1 ¢hwge to MCSC T￿ £43,127 {2023.' £47,942>. numbor of emFkn• WKI by Imth MCSC c￿0T (eX￿￿JIng empbyer wn8ion cost•lexrAedèd £KI.iMXI in totalW￿. No. lfft the £eO.(K)1- t70.￿￿• In Ih ￿￿￿ £80.IM)1- £W.(MMI t￿￿n9 ts >ear. a tWmlnaik￿ &) £50.0(Kl. of £18.445 was slatulory rodund8nGy pay ar¥J £31.555 nOTh<￿41. was pad kn a lomi•r Omplo￿ of thg Twst. T t8mlnatk)n •mse thje to a (wtructswlng ol Ih Trusvs affolrs. Half of thb w•s pald by th• Twst Indud¢d In wag8s aTKI 0slwl8s: h*1 wjs pgbd by thè Tnmfs slstsr chty. The Mawlan Pa90 19 ThE MALAYSIAN eOwA0￿Tr STi￿￿ c￿lRE IN CA418RtDGE NOTES TO THE FIIIANCIAL STATEMENT8 FOR ThE YE￿1 ENIIED 31 JULY 2024 TRU8TEE8' REIAUNERATION AM> EXPENSES tho >•ar. rn Truslees rocehYJ •ry bwgfft812023. £NIL). Ckwlng the >wr•nd•l 31 J￿Y 2024. no TnJ*g oxpwwos (ZOTJ. £NILI. 10. TAXATION Malty6San CL￿n￿)m￿llh SbJd•s C•ntrn b a rnglstor•J rtslty •nd 18 8XorW from tsx on Incomè 8nd c4lt41 galm falkng wmhkn Chamw 3 01 Part 11 to tho C4Jp)ralKffi Acl 2010 or Sectknn 256 of thg Taxatton of Capilal Gairffj Act 1992 to Ihe 8xt•nt tst w• •Fyl*d b) #s thartobl• obJxllve& No tax rtBrgg5 h8wJ aTiW in thg thrflabte Tn FI￿ ASSET IP4VESThIEP4TS 1*132 1131132 Di8pNa16 AT 31 JULY 2024 12. DEBTORS 2024 2023 DUE wifHIM ONE YEAR Prepayments 6.1 12.440 Pago 20 NOTE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 11 CREDITORS: Amolm F￿LTh4o DUE ONE YEAR Trada crndllor8 6.819 1917 10.674 4109 1*711 W79 20,410 86PW8tdy from those of the ¢harty kn on Indep￿d￿ty *lmlnl8Ia￿I lund. Th• ￿ni1(￿ c¢xt charo0 ropr08wts P￿ble by thè ¢hadty to tho find aThJ •M￿￿j lo £4.116 (2023: £11.710). No balance was lo th8 fiwKI at Iho balm 8h8et date (2tr23.. tnll). d trustaes 8r• 8190 triJsleo8 cl tho CMEDT vAth Ythith wryk of th• Trust is dosoly a8scoated. These wdated vrter8B18 are i￿￿￿18￿ in tho reki8tor of dodored Intore81s of offlc4rs and truste•s vthlch Is updal•d at h88t onc• o s•w. RA*s lor manBgk¥ d8darad Interesls have been o¥&1 bytho tAMte8B. Tlo lthfv•rnltyol C8mWo pThdo8 thè Inwt wilh p&Jwl cc*mputwwpport s•plc48 Iree of d￿rge. valuo ofth*4¢h Iwhmo Iiax*J bg 0$kn￿lo￿lIS nol c4n8Kl¢rnd *st ljrln acco￿ts. Tfarw(alons CMEDT the *NSuded gr¥nt l￿dIr￿a of £a(M).000 (2023: £400,000) Sn Idat(￿ lo the furrfmng alr￿ements knthe Er￿lSh L￿u89• Cats Step Um*ed pr*Gt. As (Igscrfoed In Tnkn. Rop)rt, CMEDT and MCSC manapl topthw. Therafom durirwJ th& ￿ar co8ts lolnuy 8ttribtst*Je *) CMEDT MCSC arn sharnd an inter.biJst ￿￿UnL Th enuty dlrodly bgathng bM)Ic8 cc*t uèal•s • u*d6tor lorth• b*l•r￿ by th• dhar ch•rlty. Th￿ balance8 are 8eltled pgrfothalty through the year. The total *ffjr•d owthre was £W).210 Ihe bal•nc4 CIAEDT W43 £8.109 (2023.. £883.381 wtd the balan￿ du8 io CMEDT at the >•ar end wa8 £2,917). [￿rf￿9 th• ￿. MCSC £41(XKb (20224&" £24.4￿) trrw*d8 th• •xp•rAM IrKAKr•d by the tXrfjc*r on tr8¥els to IrrfJl4 50% ofllwsfr o)sts d*i8d fr(Mn CMEDT. riTrJ th• ￿•r. th• Trusl £52282 to CMEDT kn re8pK* of SEARRP. of whlth 8#th1 18 a tnwlee. The Tr￿1 £1￿.1￿1} kj ￿lEDT kn respèL* af CAT8 Slep. The dld rnt pry anv grw)ts to ￿ Ngtrwu Trust of Combr*& Ur￿￿8*￿, of *tlch Or Anll Soal 15 a Inmtse 12023: £40.$00 pfjld). Wtth a busteo Is okn a Iru•to• not tak• wl kn lh• l￿dIrtu d8ds1on. Pag•21