Charity Registration No: 1208276
The Cambridge Commodities Charitable Trust
Trustees’ Report and Financial Statements For the Period 15 May 2024 to 31 March 2025
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The Cambridge Commodities Charitable Trust
Contents
| Page | |
|---|---|
| 1 | |
| Trustees, Officers and Registered Office | |
| Trustees’ Report | 2 - 3 |
| Statement of Trustees’ Responsibilities | 4 |
| Independent Examiner’s Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8 - 10 |
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The Cambridge Commodities Charitable Trust
Trustees, Officers and Registered Office
Trustees
Mr J Stevens Mr I Mitchell Mr C Boughton
Registered Office
203 Lancaster Way Business Park Ely CB6 3NX
Independent Examiner
WSM Advisors Limited Chartered Accountants Connect House 133-137 Alexandra Road Wimbledon London SW19 7JY
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The Cambridge Commodities Charitable Trust
Trustees Report
The Trustees submit their Report and the Accounts of the Trust for the period 15 May 2024 to 31 March 2025.
Trust Objectives and Activities
The object of the trust is to advance such charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time.
The charity works with the staff of Cambridge Commodities Limited to raise money throughout the year by arranging fundraising events such as bake sales and sporting challenges.
Reserves policy
The charity's policy is to distribute all funds raised within the same financial year to its beneficiaries, in line with its charitable objectives. As such, the charity does not seek to build unrestricted reserves.
A minimal operational balance is maintained to meet immediate administrative obligations and to ensure the charity can meet any final costs in the event of wind-down. This policy is reviewed annually by the trustees to ensure it remains appropriate to the charity’s circumstances and financial activities.
Achievements and performance
During the period the charity made a donation of £73,226 to The Addenbrooke’s Charitable Trust.
Structure, governance and management
The charity was established and is governed by its constitution dated 25 July 2024.
The trustees who served during the Period were:
Mr J Stevens Mr I Mitchell Mr C Boughton
All trustees give their time voluntarily and receive no benefits from the charity.
No expenses were reclaimed from the charity.
In selecting individuals for appointment as charity trustees, the charity trustees will have regard to the skills, knowledge and experience needed for the effective administration of the charity.
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The trustees' report was approved by the Board of Trustees.
…………………………………
Mr J Stevens
Trustee
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The Cambridge Commodities Charitable Trust
Statement of Trustees Responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in [England and Wales/Scotland/Northern Ireland] requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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•select suitable accounting policies and apply them consistently;
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•observe the methods and principles in the Charities SORP;
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•make judgements and estimates that are reasonable and prudent;
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•state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and
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•prepare the accounts on a going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Independent Examiners Report to the Trustees of The Cambridge Commodities Charitable Trust
For the Period 15 May 2024 to 31 March 2025
I report to the trustees on my examination of the accounts of the The Cambridge Commodities Charitable Trust (the Trust) for the period ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
WSM Advisors Limited Connect House 133-137 Alexandra Road Wimbledon London SW19 7JY
……………………………
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The Cambridge Commodities Charitable Trust
Statement of Financial Activities and Income and Expenditure Account
For the Period 15 May 2024 to 31 March 2025
| Notes Income Donations Charitable Activ ities Total Income Expenditure Raising Funds Charitable Activ ities 2 Other Total Expenditure Transfers Net Movement in Funds Brought Forward Total Funds Carried Forward |
Unrestricted Restricted 2025 Funds Funds Total £ £ £ 15,704 - 15,704 84,260 - 84,260 |
|---|---|
| 99,964 - 99,964 |
|
| 25,131 - 25,131 73,226 - 73,226 1,292 - 1,292 |
|
| 99,648 - 99,648 |
|
| - - - 316 - 316 |
|
| - - - |
|
| 316 - 316 |
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The Cambridge Commodities Charitable Trust
Balance Sheet
As at 31 March 2025
| Notes Current Assets Debtors 4 Cash at Bank Total Current Assets Liabilities Creditors: Amounts falling due within one year 5 Total Net Assets The funds of the Charity Restricted Income Funds Unrestricted Funds Total Charity Funds |
31 March 2025 £ 9,090 3,206 |
|---|---|
| 12,296 11,980 |
|
| 316 | |
| - 316 |
|
| 316 | |
The notes on pages 8-10 form part of these financial statements
Approved by the Trustees and authorised for issue on: …………………………
…………………………………
Mr J Stevens
Trustee
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The Cambridge Commodities Charitable Trust
Notes to the Financial Statements
For the Period 15 May 2024 to 31 March 2025
1. Accounting Policies
(a) Basis of Preparation
The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Charity is a public benefit entity for the purposes of FRS 102 and has therefore also prepared its financial statements in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORP), published 16 July 2014, and the Charities Act 2011.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.
- (b) Going concern
The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. Given that grant and donation expenditure is not approved until there is an equivalent amount of income, the trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
- (c) Recognition of income
Donations are recorded as income when received or, if not received, where there is evidence of entitlement, receipt is probable and the amount can be measured reliably. Where the Trust has received notification before the end of the financial year of amounts raised on its behalf through fundraising events, organised by third parties, this income is recognised in the financial statements. Interest income is recorded in the financial statement on a receivable basis as are all other tvpes of income.
(d) Charitable grants and donations
Charitable grants and donations are charged to expenditure when approved by the Trustees and communicated to the beneficiaries.
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The Cambridge Commodities Charitable Trust
Notes to the Financial Statements
For the Period 15 May 2024 to 31 March 2025
(e) Other expenditure
Other expenditure is charged to the Statement of Financial Activities on an accruals basis.
(f) Funds
Unrestricted funds are those funds which can be used in accordance with the charitable objects at the discretion of the trustees.
Restricted funds represent donations which the Trust has received for specific purposes.
(g) Expenditure on raising funds
These are costs incurred in inducing others to make gifts to the Charity or for organising events.
(h) Expenditure on charitable activities
These are the costs incurred in carrying out activities to further the objects of the Charity.
(i) Governance costs
This includes all costs of constitutional and statutory requirements.
(j) Cash and cash equivalent
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less .
(k) Financial Instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised
2. Expenditure on Charitable Activities
Charitable grants and donations during the year consisted of a single donation of £73,226 made to Addenbrooke’s Charitable Trust.
3. Trustees’ Remuneration and Staff Costs
The trustees are considered to be key management personnel. None of the Trustees received any remuneration or expenses in respect of their services in the period.
The charity has no employees.
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The Cambridge Commodities Charitable Trust
Notes to the Financial Statements
For the Period 15 May 2024 to 31 March 2025
4. Debtors
| 5. | Debtors Accounts Receiveable Prepaid Expenses Other Debtors Total Debtors |
31 March 2025 £ 4,040 5,000 50 9,090 |
31 March 2025 £ 4,040 5,000 50 9,090 |
|---|---|---|---|
| Creditors | |||
| Creditors Accounts Payable Deferred Income Amounts due to Cambridge Commodities Ltd Total Creditors |
31 March 2025 £ - 7,040 4,940 |
||
| 11,980 |
Deferred income relates to ticket sales for the 2025 Charity Ball.
6. Related Parties
The Trustees J Stevens and I Mitchell are also Directors of Cambridge Commodities Limited. Cambridge Commodities Limited is controlled by J Stevens.
At 31 March 2025 the charity owed Cambridge Commodities Limited £4,940. The balance is included in creditors on the balance sheet. The balance represents expenses paid by the company on behalf of the charity. The balance is repayable on demand.
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Name James Stevens Preferred Name James Email james.stevens@cambridgeco mmodities.com Mobile N/A IP Address/es 81.145.42.226 Signed on Pages 5, 9 Verification Mode Email Code Signer 2 Name Jodie McLaren Email jodie.mclaren@wsm.co.uk Mobile N/A IP Address/es 20.108.191.9 Signed on Pages 7 Verification Mode Email Code
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