HRH Tbe Duke of Edinburgh's Commonwealth Stsdy Conferences Trustees, report and financial statements Registered number 1186852 For the year ended 31 December 2023
HRH The Dukeof EdIb,$ CoJDJWTLw¢aJth Study C.'ollf¢r¢tLces rnuffees report widfinaycwlstyements For I1)YrePldedj] December2D25 Contents Trusiees, Report............................................................................................................................................................ Ststernent of TnEStees' Resp)rysibtliti¢s in respect of the Trustees. Rtp)rt and th¢ Firtanciaj StstemeDts .................. Stat¢m¢nt of fJEJancial activittcs (incortKTrrating the Incotlle and Expelldibjre accouut)................................................ Balance sb¢¢t................................................................................................................................................................ Notes.................................................................................................................................................................... ........
HRH Thc Duke of Edinburgh's CommoDwe41th Study Confer¢tLces TnLTtEES'report ondfuianciulstsiements For the vear eKded31 December2023 Trnstees. Report The TnL%tees present their annual re¢ and financial wteEneDts for the year to 31 December 2023. The financial statements comply witb current sratutory rquirement4 the Collstitutio and Accouotllig and Reporting by Charities.. Statement of Rec¢)mm¢nded Practice applicable to charitiLs PpariT]g their accounts in accordance with the Financial Reporting Standard applicable in the UK and Reptjblic of Ireland (FRS 102} (2 edition) issued it) October 2019 (the SORP). Reference #lld Administratlve Details 4TBdckntiy régistrdiion The llae of the charity is HRH The Duke of Edinburgh's Comrnonwealth Study Conferences alld is feed to in this rq)ort as.the CIO-. Its ckRTity registration number is 1186852. 23 MouDt Pl&¥ant Road LondonNWIO 3EG Trnstees The Trustees on 31 December2¢f23 w¢re as follows: Sir Alan Parker Ms Ladi Dariya Mr Peter Flavel Vice Cbair Sir Eric Thon)as resigned on 4 Novcmber 2023. Secretary Dr Peter Moore Banke Barclays Bauk PLC Busin Bankin& Leicester. IE87 2BB Strnethre. GoTherDan¢e aDd M#n•emen ConstilHtio The CIO was estsb]ished as a Cbaritsble 1llcoryted OrgaD110ll by a C(>nstitiLtion dated4 Septeber 2019. Re¢rnilment. Appoinhnaryl tvjd Tr4i•itig Tnute Poiential new apwTrilltrneots are at Tr. meetiDgs and a short ]ist agreed of those to be approached. Candide$ are then approached to estsblish whether they are willing to serve and, if so, appOintellts are then confllined at the next meetills of the Trustee& The w)licie5 and procedures adopted for the induction and training of ne Trnstees are tailored io their individual nceds, COTIJMellTrle wlththeir experience. ensuring thattheyunderstand ¢beir obligations aDd possess a sufficient knowl¢dg¢ as w how to discharge them. Sir Alall Parker w&$ appointed as Chait on 10 February 2021.
HRH The Ihke of EdItib% Study ConfeRDc¢5 T££ report undfiKanciGlstotemeFJts FortheJvarÉded31 December 2023 Organisthion The Trnsttts rneei a( least tivice per year in ordinary circumstances. More frry4uent meetiygs are ]ed whe ttecessary. Risk osse55ment The Tn]stees identify the major risks to which the CIO is ¢xpowJ Whic in their view. are the reputstion and continuing value of the programrn&s they oversee and the abllity to balance fidIllg with costs. The TnteeS will keep these risks under regular review. Objeetives Activities The TThteeS confjrni that in setting the objectives and planning the aciivitie4 they have referred to the Charity C.ommission's general guidance on public benefiL Churitoblepurpose rfndobieciives Advancing educatioll. particularly but not exchjsivety througknut the Comrnonwealth, by promoting and 5upportinE intcmational %dY conferences for emerging and Cunt leader5 from all 5eCtor& including but not lilled to governtncllL publi¢ seTvice. public and private companie5. non%overDmentsl atMI cornrnunity-b&fed organisations. trade unions. educ10t institiLtions and artistic and culturdl orgallisatiOTIS. Entering thn)ugh study conference4 etllerging and current leadeo a lifelong nehvrf forcotttinued l¢anJing and mutual support, of benefit to so¢iW alld the Commonwealth as they rise to positions of responsibility and influence within all walks of lift. The obje¢tive5 of the TTUStees are to: facililate orgaDisalion of study co]fftrthcts and provid¢ support to lle1w0 of alumtii including events for alumni. AcÉiviiies during theyear Thc activities of the CIO in 2023 were an cvent foralumni worldwide and planning for a future Cx>mmonwealth Study Conference. In partnershipwith CSC Global Alumni and the Royal Agricultural Society of the Commonwealth a wccessful event OD the Nexf Generatio of Farniing was held ID the presence of our PresidenL HRH The Princess Royal with online links worldwide. Plans for a futswe CoTnwnonwealth SDJty Conference were d¢v¢loped in ctsllaborion potential parthers. Trustees et once (mline and threelimes in person. with g)m¢ attcnding online. Trustees record their lde to Coutts & Co for their genernus support ID hosting the Next Generation of Farlljillg eVeL
HRHThe thjke of EdInb¥b.5 CoTwnonwealth Study Conferences Tnlet$.Erl ondfinuna1sÉQteMts Forthewurended31 DecernlRr2023 FlnaM¢i#l review Resenys and inl£tpO1#ty The reserves and inv¢stmellt policy WRII be based on the financial denwids made upon the CIO at reglllar interyals. over collferellce cycles. The Con5tibtstion allows inYeststLellt ill the same mauuer and subject to the same conditions as tbe Trustees of a tryst are pemiitted to do by the Trustre Act 20(K). RÉsults The CIO'S income is composed of donations and will be supplement io fttture by income from investments. In 2023. the expenditure of the CIO consisted of the costs of supp)rt to its eyents and to the development and meetings of the CIO and its plans. illcMding paymeni for 2022 activities billed in 2023. The balance sheet for the endof 2022 shows modest r*t ass¢ts. However the cIO'spredeC$or, a Tnjst named HRH The t)uke of FAIiDburgh's Cornmonwealth Study conferetts {UK Fund). h¢ld net assets of over£20,000 which will b¢ transferted to the CIO whco the iwo orgaDi5ations are mergesl Plans for Fknture Aetivities The Tnte¢S plan to support the develop¢1 and funding of a new CoJDmonwealth Study Conference, with dclivery ill partnership with other organisations. Signed ot) behaltof the Trus on 0 4} 2024 Sir Alan Parker ChaTr Charity addS 23 mOt Pleasant Road London NWIO 3ECJ
HRH The thth¢ofEdin*¥ CDmmonwealth S)Jdy Corrferettces TnLftees'repok¥apJdfin<24eiol Siuieme4ts Forthe)Yllrended3J December2023 Statement of Trustees, Responsibilities in respect of the Trnstees, Report and the Financial Statements Under the ConstitutiOTJ of the CIO and charity law. the TTUStees are resp)nsible for prepatmg the Ttustees. Report and tbe f]nan¢ial sthtements in ac£ordan¢e with applicable law and gulatiOS. Charity law requires the TTrees to prepare flljancial statements for eacb financial yw. The financial ststemettts are required by law to give a tsue and fair view of the state of affairs of the CIO at the end of the year and of its. incon)ing resourccs 2nd appltcation of resour$ for the year then cndul. Ill preJwiDg these finan¢ial thtements generally accwed accow7ting practice entsils that the Tnjstees: select suitablc accounting policies and then aN>ly them Consity. make jud8ellLeuts a] estitllatC5 thatarc rEasonabk ad pnMJeu¢ state whether applicable UK A¢co¥mting Srandards and the Sratement of Recommended Practice have been followed. lubject to any dep dilOSed and explained in the fIJ181 statements; state whetlfft tbe finalleial ststements comply with the conltUtt¢) subject to any material depanures disclosed 8nd explained in tbe fiDallcial statements. aj pr¢pare the financTal statements on the going concem basis it is inappropriate to pSuM¢ that th¢ CIO will continue in business. TheTrnstces aterequued to act in acconlance Eth the CoDsiithtion of tbe CIO. withi"u the framework of charity law. They are rcsponsible for keeping proper accounting record% sufficiellt to disclose * ally ttme, with reasonable a¢curd¢y, the financial positÈon of the CIO at that time, and io enable the TtreS w ettsure thaL where any statrments of accounts are prepatoj by thetu uttder the Charities Aet 2011, those statements of accounts Comply with the requir¢m¢nts of rcgU1los Lder that provision. They have get r¢spoll5JTrib"ty foi taktng such'steps as are reawDably open to them to s&eguatd the assets of tbe CIO and io ent and d¢t¢¢t fraud and other iEregu]aritie The Trustees are respovsible for the m2intetwice and integrjty of the financial and other infomjatioti provided to the Charity co1$s1on. Legislatton in the UK governing the preparation and dissemination of financial Starnents snay differ froTn legislation in other jurisdiclions.
HRH The fhthe of Edinburgh's co]r0wealth Smdy ConfeTences Tntsiees'reporl andJSuan¢tolsthiernents For theiror ended31 Deeember2023 Statement of financial activities (incorporating the Income and Expenditure account) for¢heyearended 31 December2023 2•23 2022 Incoming r45oNrce5 from getThted fimts Voluntxry incon tknnations from members Otherth)DatiotL IDve5tmeDt Totsl ille01# re¥ourtts c'ommonw1 wents 277 6277 7.877 4etMovemetlO fvnd5 31 DEcethbÈr All funds are unrestricted illcowe fimds. The ineomingl{oiitgoing) res(yJrcts and reAdting net K)vement in arise from cOntinug ¢)p¢rati¢)t]s.
rnuleE5 Teponllndfinancl sialemeuts For the)wrjded3] December2023 Balance sheet É 31 December 2023 2023 2022 Irettt as5¢ts C&sh atbatLk.. CUFMI accoth)ts 100 100 Net ¢lltlassets 100 Net assets Funds U]Jresrricted futm 100 Signed on behalfofthe Trust oll l o: (J4) 2024 Sir Alan Parker ChaiT
HRH The Ih]keof EdTnbwgh'sCoTtrnonwealth Study Cottf¢T¢nces Tn£¥iees'repori ondfioanLyal.Stslemevts Forthe)Y4r ended31 DecembEr2023 Notes (forniingpartofthefin7nu"41statswAts) Ace•uDtinE policies The following accounting p)licies have been applied eonsi&ently ID dealingwith itetlls which are considered material ID relaiioD to the chaTÉty's financial ststements: Bags ofpreptVQti• These accounts have been prepared undet the historical cost convcntion with items recognised at cost or transaction vakne unless othenvise stated in the relevant notes to tbese ac£owits. The accounts have beell prepared in accordallce wtth Accounting and Reponing by Charitits". Statement of Rc¢ommellded Practice applicablc ttTr charitie5 preparing tbeir accounts in accordance with Ihe FiDall¢thl Reporting Stalldardapplicablc in the UKand Republic of trelalld IFRS 1021 (2nd edition) issued ill October 2019 and with tbe Financial RqK>rttng Standard 3ppItLthle in the United Kiti8th)m ond Republic of Jttlaud (FRS 102) and with the CltieS Act 2011. b) Fund4e¢oiinttng General filljds ate UllTestricted fimds which are awdilable for use at the discretion of tbe Tn&ees in furtherance of the general objectives of the chan.ry and which hav¢ not been dig8ttd for0therpU0scs. Donations thnd COftfribHAtons Donation andcontributioTt income as re¢ogtt]sed in thefillanci staternentswhenreceivable. Gifts in kind are Included at valuation aDd recogDi5ed &s income whell the service been provideiL Other income undapendith All other income and expenditure is recogrti5ed when rtceivable orpayable. All expenses ineutted in providing or meeting the objectives of the CIO have been Included as expellditllre on charitable activitie& ExpeDs¢s TelJting to the governanc¢ and strategic direcfion of the CIO have been imcluded &8 governance costs. Expenses wkn.ch are commoD to both cbBrirable a¢tivÉlies and governance costs have been apwprtioned on the basis of tirne spent by statTr¢ling to the appropria* of the Cto's activities. Charitable activities 2023 Totsl 2022 Total tveAts comthu•iratioDs tk¥¢lopmelli of C¢)mrllot)wtalth ¢vert8 77 277 6377 2023 2022 S¢cTetary's fe&8 twl Fees
HRHThe tsf Edinbu,5 Comrnonwealth Sthdy Conferellces rn£4tees' report LrndfinonrtulsfÉdeFMenÉ.¥ Forthe)rEAded3j Decenther2023 Notes (contind) Staff eosts The CIO employed no staff dwing th¢ y¢ar. Four TrteeS served dunng the year and receiveJl no Temunernlion for their service& Wbere elaimed. expenses for travel, sllbsistence and we1)stIng illcth-rl on behalf of the CIO are reimbued. No arnount w&$ claimed in the year by any Tn. Creditors: Amounts falling due WAttditt ODt year 20 2022 Accruals io