2025-03-31-accounts

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Cambridge Past, Present & Future

Board of Trustees Group Report & Financial Statements for the year ended March 31, 2025

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Contents Page
Introduction 1
Reference & Administration Information 2
Structure, Governance & Management 3
Objectives 4
Activities & Public Benefit 5
Achievements & Performance 2024/25 5
Plans for Future Periods 10
Financial Review 11
Appendix 15
Auditor s Report 16
Statement of Financial Activities 18
Balance Sheet 19
Notes to the Accounts 21
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CAMBRIDGE PAST, PRESENT & FUTURE

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The work outlined in this report once again demonstrates the people, heritage and nature in and around Cambridge. These outcomes are only possible because of the skills and commitment of our trustees, staff, volunteers and supporters.

Much of our core work is focused on enhancing the quality of our sites for people, heritage and nature and it management and new benches and improved been a great deal of maintenance at our historic sites - the mills at Bourn and Hinxton, the Leper chapel, the iron age ditch and buildings at Wandlebury. Our sites have welcomed over 200,000 visitors and 1,642 school children have enjoyed active outdoor learning about nature and iron age history.

We have also contributed to protecting places outside our own control, responding to 56 planning applications, consultations or proposals and advocating more widely both alone and with others - for local growth plans to be properly sustainable and appropriate to the special nature of Cambridge and its surrounds. Our campaign for less damaging busway routes than those proposed has taken a lot of time and resource.

2024 marked the 70[th] celebrate with a very special visit by HRH the Duke of Edinburgh, who planted a tree to mark the occasion. Earlier in the year, -Lieutenant of Cambridgeshire Mrs Julie Spence OBE QPM also planted a commemorative tree.

Beyond our core work programmes, we delivered some exciting new projects: we launched the Coton Vision to transform our farmland west of Cambridge into nature-rich habitats and began work by planting 1,700 trees and shrubs and by sowing a wildflower meadow. We entered an agreement with Kings College to manage Grantchester meadows and appointed two seasonal wardens. We hosted Cambridge University Archaeology Department digs at Wandlebury, to uncover more of its long history. We continued our lead partner role in delivering the River Cam CAN Project, a partnership project funded by the National Lottery. The 12[th] century Leper chapel one of the oldest buildings in Cambridge which, although troubling, will make it easier for us to raise the funds needed to repair it.

Our media profile was strong during the year and included coverage of four people remembered with Blue Plaques. All our communications have been refreshed, and we successfully launched a new website. We were delighted to see an increase in supporters and memberships as a result.

driven by a world view that takes scant account of the value of nature and natural resources: there is too little water for developments already in train and yet new schemes are still being approved; nature and wildlife are being blamed for holding up development rather than celebrated and protected as essential for healthy ecosystems and quality of human life. Extreme droughts and storms are making it harder for us, and others,

months and years, and we are extremely grateful to all our volunteers and supporters, without whom we simply would not be able to deliver our mission.

Karen Rothwell Chair Cambridge Past, Present & Future

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REFERENCE & ADMINISTRATION INFORMATION

BOARD OF TRUSTEES:

CHAIR Karen Rothwell TREASURER Paul Chapman (until Nov 2024) & Lesley Thompson (from Nov 2024) MEMBERS Brian Cleary David Coomes Polly Courtice Cordelia Langford Caroline Stenner Kelsey Wilson-Lee

CHIEF EXECUTIVE OFFICER: James Littlewood

SECRETARY AND REGISTERED OFFICE : Angela Shaw

E-mail: sec@cambridgeppf.org Tel: 01223 243830 x 202 Website: www.cambridgeppf.org Wandlebury Country Park, Gog Magog Hills, Cambridge CB22 3AE.

BANKERS: CAF Bank Ltd., 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ.

SOLICITORS: Ashtons Legal, Chequers House, 71-81 Newmarket Road, Cambridge CB5 8EU

AGENTS: Carter Jonas Ltd., 6-8 Hills Road, Cambridge CB2 1NH.

AUDITORS: Chater Allan LLP, 7 Quy Court, Colliers Lane, Stow-cum-Quy, CB25 9AU.

INVESTMENT ADVISORS: Cazenove Capital Management, 12 Moorgate, London EC2R 6DA

STATUS:

Cambridge Past, Present & Future (CambridgePPF) is a private company limited by guarantee and registered as a charity. It is exempt from paying corporation tax. Income is exempt from VAT, but the charity pays VAT on the goods and services it receives. The governing document of CambridgePPF is the Memorandum and Articles of Association, the current version of which was adopted on 14 July 2009.

COMPANY REGISTERED NUMBER: 0239835 (England) CHARITY REGISTERED NUMBER: 204121

BOARD OF

RESPONSIBILITIES

Company law requires the Board of Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the company as at the end of the financial year and of the results of the company for that period. In preparing those financial statements, the Board of Trustees are required to:

select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
comply with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The Board of Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the

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assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STRUCTURE, GOVERNANCE & MANAGEMENT

Board of Trustees comprising the Trustees (the Company Directors) who have full decision-making authority on behalf of the membership. The Board of Trustees is elected by the years and serve as trustees of the charity and as directors under the Companies Act. Mid-year vacancies are filled by co-option. Co-opted members stand for election at the following AGM. Board members are given induction and offered training which is appropriate to them given their personal qualifications and experience and the particular role that they play within CambridgePPF.

The charity has one committee operating under the terms of the governing document, the Finance Committee, which advises the Board on matters relating to the financial management of CambridgePPF and its investment and property assets.

The charity has a number of standing working groups which also report to the Board, some of these are called but their terms of reference make clear that they are working groups. These include:
The Planning Committee provides advice to the Board on planning issues and large-scale development plans impacting on the greater Cambridge area. It concentrates on safeguarding heritage, landscape, green spaces and other public amenities.
The Heritage Watch Group provides advice regarding protecting the heritage and historic buildings in the greater Cambridge area. It also leads on specific heritage projects and campaigns.
The Cambridge & District Blue Plaques Committee carries out the work of selecting, erecting, celebrating and maintaining blue plaques.

Membership of all committees and working groups is provided in Appendix 1 and also on our website .

At all meetings of the Board, committees and working groups, if any of those present have a possible conflict of interest it is declared and, if necessary, that person is excluded from discussion on the relevant matter.

STAFF

The Board was supported by the following members of staff during the year:

Chief Executive Officer: James Littlewood Finance Manager/Company Secretary (PT 0.6): Ceri Littlechild (until Sept 2024) and then Angela Shaw (from Febr 2025). Fundraising Manager (PT 0.6): Rachel French (until June 2025) and then Camilla Ittura Membership & Comms Manager (PT 0.6) Louise Palmer-Masterton Principal Planning Officer (PT 0.6): Sarah Nicholas Cambridge Nature Network Officer (PT 0.5): Penelope Chaney Education & Events Coordinator/Admin Officer: Nicola Spurling Administration Assistant (PT 0.6): Gayle Sullivan (until Sept 2024) and then Fleur Harker from Oct 2024) Estate Manager: Allan Scott-Davies (from Dec 2024) Countryside Manager: Ed Wombwell Senior Warden: James Allsop Wardens: Hannah Warren, Jess Norris and Thev Cram (PT 0.6)

Our Warden team is supported with additional hours from part-time staff. Our school and group visit programme at Wandlebury Country Park is supported by a freelance Education Advisor and a team of freelance fieldwork teachers. From 1 Dec 2024 to 28 Feb 2025, we were supported by freelance finance and general management to help cover for vacancies and illness in the staff team. We are also supported by a number of professional external contractors, including land and property agent, book-keeping and IT.

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VOLUNTEERS

Volunteers are essential to our work and generously give their time, expertise and enthusiasm for free across all areas of our operations. From trustees ensuring we are well governed, to committee members helping to protect Cambridge, to people counting butterflies, mowing grass, picking litter, helping in the office or opening our historic buildings to the public. There is no way that we could carry out all of our charitable work without their help and support and we cannot thank them enough for all that they do for our charity.

Over 200 people volunteered their time during the year, some of whom have dedicated weeks of work for the charity. Further details of the work carried out by some our volunteers is described in the Achievements & Performance section of this report (pages 5-10).

We always need more volunteers and welcome anyone who can spare some time to do so.

Mission

Cambridge Past, Present & Future is the local charity protecting the beauty of Cambridge and its environment.

We are the only local charity that looks at the bigger picture of the development of Cambridge. Whether historic buildings, green spaces, nature, housing or infrastructure we are passionate about all of it. Protecting, our incredible city, and its surrounding areas.

We act as a voice of conscience for those who are responsible for g moves forwards with respect for nature, history and the people who live here. No other local charity has as broad a reach or remit. No other organisation cares about the past, present and future of Cambridge the way we do.

Our sole purpose is to make sure that, no matter how Cambridge progresses over the coming years, decades To this end, we work with the people of Cambridge and other organisations to protect, enhance and celebrate everything that makes Cambridge special, for today and for generations to come.

Our mission is very simple (yet, at the same time, very complex) to make sure the development of Cambridge is carried out responsibly. Improving this great place, for people and nature.

OUR STRATEGIC OBJECTIVES:

People . We will inspire people of all ages to get outdoors and help them to enjoy, learn about and get involved with their local environment, heritage and culture.

Natural heritage. We will protect the green setting of Cambridge and its most valuable landscapes and we will enhance and connect them for people and nature.

Built heritage . We will protect, celebrate and improve the important built heritage of the Cambridge area.

The operational focus of our work is in Cambridge City and South Cambridgeshire District (greater Cambridge) but the areas of concern for our strategic planning work include Cambridgeshire; Peterborough-Stansted Corridor; and Cambridge-Oxford Corridor. We draw most of our service users and membership from Cambridge and a 20-mile radius.

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ACTIVITIES & PUBLIC BENEFIT

ACHIEVEMENTS & PERFORMANCE 2024/25

The trustees have paid due regard to the published guidance from the Charity Commission on the operation of the Public Benefit requirement under the Charities Act 2011.

and setting of Cambridge and its neighbourhood for the benefit of the public. This is achieved through the protection of the countryside and historic buildings we own, care for and open to the public; the education and events programmes we provide; and the work that we do encouraging the local planning authorities to protect and improve the historic character, public amenities and green setting of the City and the surrounding countryside and villages.

Cambridge is one of the fastest growing places in the UK, which is resulting in huge pressure for change. Being challenges facing our area.

Our green spaces provide a community space for people of all ages to enjoy the outdoors, experience nature and heritage and get exercise and fresh air. al, Nature Journal, 6, (2016)).

CambridgePPF owns, cares for and opens to the public Wandlebury Country Park, Coton Countryside Reserve, Bourn Windmill, Hinxton Watermill and Cambridge Leper Chapel, in addition we manage Grantchester Meadows on behalf of the owner. These sites receive over 200,000 visits per year. We provide parking, paths, toilets, information, seats, picnic areas, informal play and other informal visitor facilities for community use and a Warden service and volunteers to assist visitors and ensure that facilities are clean and safe.

CambridgePPF provides a programme of educational, cultural and recreational events for the local community. In 2024/25 we were pleased to be able to provide 195 such activities for the public (203 in 2023/24). We also welcomed 44 school visits (27 in 2023) and educated 1,624 children (954 in 2023). Our volunteer-run healthy walking scheme provided popular weekly walks at Wandlebury.

The community of the greater Cambridge area (300,000 population) benefits from our work by having free access to green spaces and historic buildings for their well-being and enjoyment. The community also benefits from the work we do to protect the amenities, green spaces, historic buildings, character and setting of Cambridge and its neighbourhood for the benefit of the public for example by preventing inappropriate development and lobbying for environmental improvements. Nature benefits from our work to protect and improve habitats. Participants in our activities (including volunteers) benefit from learning, social engagement, exercise and self-development.

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PROTECTING GREATER CAMBRIDGE

The population of our area is one of the fastest growing in the UK (from 2010-21 Cambridge grew 17.6% against a national average of 6.6%). Our councils have set out their aspirations for future growth, which indicate that we can expect similar, or even higher, levels of growth for the next 25 years. Although there was a change in central government, they decided to continue the work started under the previous government to explore ways to increase growth significantly beyond that planned by our local councils. A new Cambridge Growth Company was set up to carry out this work.

As well as construction for housing and business, this scale of growth is also driving proposals for new infrastructure such as hospitals, schools, roads, car parks, railways, water, electricity, etc. When combined with other forces, such as changes to the climate and agriculture, it means that the pressure on our heritage, landscape, environment and communities is intense.

It is vital that the views of local people and organisations like CambridgePPF are heard to ensure that growth is managed in a way which takes into account heritage, landscape and environmental issues. This has been a central theme of our work over the past year and has meant engagement with the Greater Cambridge Partnership, Cambridge City Council, South Cambridgeshire District Council, Cambridge Growth Company, individual developers, government agencies, local groups and many others.

This advocacy work is time consuming and requires knowledge of the planning and development process. We are fortunate to have an active group of volunteers, without whose hard work and support our influence would be significantly less. They are supported by a part-time planning officer and our chief executive.

Planning Watchdog

We monitor and review planning policies and planning applications that would have a significant impact on the greater Cambridge area. We respond when we are concerned about their impact on heritage, landscape, environment and quality of life. During the year we responded formally to 56 (2023/24 = 33) applications, consultations or proposals, in particular there have been a lot of plans for over-sized commercial developments and character in the years ahead.

Cambridge water crisis

Cambridge has grown so rapidly that groundwater supplies have been depleted and we no longer have sufficient water for both humans and our chalk streams and rivers. This is also exacerbating river water quality because flows are too low to dilute pollutants. Despite our objections, planning permissions were granted for several large new developments that will put even greater strain on water. Working with others, we have continued to advocate and raise awareness of this local environmental crisis. We are also trying to provide some solutions through our Coton Wetland and River Cam CAN projects.

Transport

There is a plethora of transport infrastructure projects being progressed, some of which have the potential to damage the setting of Cambridge and impact on the landscapes that we help care for. We have continued to be very active in campaigning for less damaging routes for two controversial new bus roads through open countryside linking Cambourne to Cambridge and the A11 to Cambridge.

NATURE & GREEN SPACES

The population of the wider Cambridge area is planned to grow by 30% in a 20-year period, at the same time as nature is in significant decline. In order to respond, we know that we will need to increase the amount of green space available for nature and people. We are doing this through our ongoing work and individual projects on our own land, as well as working in partnership with other like-minded organisations and also by advocating for changes in policy and funding.

Wilder Coton

We publicised our new vision to transform 200 acres of arable farmland at our Coton Countryside Reserve, to create a nature rich landscape, with an abundance of wildlife, colour and sound, where common species thrive,

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and rarer species can recover. At its heart will be a large new nature reserve, where the land will provide wider environmental benefits such as reducing flood risk, climate change mitigation and fostering the wellbeing of the Cambridge community. There will be wonderful views from the hill, meadows will be a riot of colourful plants and buzzing with insects; hedgerows, scrub and woodlands will be full of bird song; and streams and ponds will throng with life.

One of the ways we can finance the delivery of this vision is through new green investment markets, and we have set up a Biodiversity Net Gain habitat bank on 15 acres of land. During the winter volunteers helped us to plant 1,000 trees and shrubs and we sowed a wildflower meadow in the spring of 2025.

Volunteers also helped us continue our re-wilding project in the north-west of the Reserve by planting 700 trees in Manor Field.

Working with Anglian Water we are planning to create a new wetland at the Reserve that will create new habitat, capture carbon and improve water quality in the river system. We have been working to get this scheme through the planning system.

We also made changes to our farm tenancy to bring more land under our direct control so that we can improve its value for nature and people.

Cambridge Nature Network

Through this project we are working in partnership with other like-minded organisations, landowners and the local community to create a nature recovery network for the Cambridge area to increase the quality and amount of habitat for the benefit nature and people. In 2019 we secured funding to collect data and to identify and map a nature recovery network and in 2021 a vision was launched to have significant areas of downland, fens, meadows and woodlands around Cambridge, to achieve an ambition to double nature by 2050.

This large scale and visionary initiative is inspiring support and, as one of the lead partners, CambridgePPF is helping to secure and manage significant multi-year grants and the work is delivered by a range of partners. In autumn 2023 we started a multi-year project to help nature and climate in Cambridge thanks to a £495,000 grant award from River Cam CAN (Climate Action through Nature) Project will support communities near the river to work on initiatives that will benefit them and the environment. The project partners include Abbey People, Cambridge City Council, Cambridge Past, Present & Future, CoFarm and Water Sensitive Cambridge. We are the lead partner and employed a parttime River Cam CAN Officer to enable us to deliver our project commitments.

Managing for nature and people

Our Estate Team and volunteers carried out a range of nature conservation tasks at Wandlebury, Coton Reserve and Barnwell Meadows, this included planting trees, laying hedges, woodland restoration, scrub control, pond management, meadow management and litter picking. During the year volunteers kindly gave 4,076 hours of work (2023/24 = 4,727), this would be the equivalent work of 2.2 members of staff.

Our Wandlebury Woodland Restoration Project focussed on a 5-acre block of woodland that had been closed to the public for safety reasons. Our team worked with volunteers and contractors to make the woodland safe, carry out habitat improvements and re-instate a popular woodland path.

We use animal grazing to improve the ecological quality of our meadows. We were very sad to lose the last two Highland cattle from our fold, due to ill health. In their place we have a partnership with a local grazier who is using a herd of Belted Galloway cattle. able to bring in sheep for winter grazing.

After several years of discussions, in February 2025 we entered into a new partnership with Kings College to manage Grantchester Meadows to help improve them for people and nature. This will necessitate employing

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additional seasonal staff in our Estate Team and working with the community and stakeholders to develop plans for the future of the meadows.

Partnership Working

As well as the Cambridge Nature Network, we continue to engage with other initiatives and organisations including the Cambridgeshire & Peterborough Local Nature Partnership, the Cam Valley Forum and the East Cambridge Farm Cluster.

HEALTH & WELLBEING

We manage Wandlebury Country Park, Coton Countryside Reserve and Grantchester Meadows to act as experience nature and heritage and get exercise and fresh air. These sites receive over 200,000 visits per year. Across all our sites we have cut and maintained approximately 9km of footpaths. We installed 12 new picnic benches at Wandlebury, 2 at Coton and we refurbished one at Hinxton. We installed 2 new seats at Wandlebury.

We continue to provide an 8am-to-dusk Warden service to support visitors, as well as maintaining public facilities such as toilets, car parks, picnic benches, informal play and information. At Wandlebury we maintain an off-road mobility scooter for visitors with limited mobility, which is available for free hire.

Our successful Healthy Walk programme at Wandlebury provided around 40 walks during the year with a total attendance of around 800 (1,025 in 2023/24).

HERITAGE & HISTORIC BUILDINGS

Archaeology at Wandlebury

We have started a new partnership with Cambridge University Department of Archaeology to carry out digs to better understand the 2,000 years of history at Wandlebury Schedule Ancient Monument. This also provides an opportunity for students to gain practical work and research experience at an important archaeological site. This includes engaging with the public and help to communicate their work. The first year of this partnership focused on a linear feature, which was found to be an Iron Age ditch.

Maintaining Heritage

We have continued to carry out running repairs and maintenance on the historic buildings and structures in our care. This includes oldest buildings), Hinxton Watermill (the last remaining working mill on the River Cam) and at Wandlebury, including the Iron-Age ditch, driveway bridge, courtyard, garden walls and stable block.

We are very grateful to the fantastic teams of volunteers who help to maintain these wonderful buildings and open them to the public with guided tours. Six very popular open days were held at both mills and the Leper Chapel was opened twice a month.

During the year the Leper Chapel was added to the Historic England Heritage at Risk Register due to long-term decline. This may be beneficial in helping to raise funds for the urgent repairs and we received a small grant from Historic England to employ experts to carry out detailed surveys and provide recommendations for repair works.

Heritage Watchdog

We monitor and review planning applications and respond when we are concerned about their impact on historic and locally important buildings or conservation areas. During the year we responded to 20 (2023/24 = 26) applications, consultations or proposals including applications for developments that would have a negative impact on and historic streets.

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/Civic Quarter

an acceptance that improvements are needed and Cambridge Council is taking forward feasibility work. We are part of a stakeholder group and during the year we fed into consultations on this project.

Cambridge & District Blue Plaque Scheme

In 2018 we took over the Cambridge Blue Plaques scheme, which has been run by enthusiastic volunteers since being established in 2000. Blue plaques are installed on buildings to recognise significant people or events. We had a very busy year installing 4 new plaques. In May we celebrated the botanist Agnes Arber at an event at Cambridge Botanic Garden in partnership with Cambridge University and her plaque was installed in Huntingdon Road in Cambridge. In August we celebrated the aviator Richarda Townsend at an event at Cambridge Airport in partnership with Marshall of Cambridge and Clare College and her plaque was installed in Chesterton Road in Cambridge. In October we celebrated the engineer Tom Bacon, also in partnership with Marshall of Cambridge and his plaque was installed in Little Shelford. In February 2025 we remembered the child chimney sweep George Brewster at an event at the former Fulbourn Hospital in partnership with Longfellow Real Estate and his plaque was installed on the building there. We also progressed plans for several other plaques. We also started a new partnership with Daniel Eversden building contractors who are kindly installing the plaques as a gift in kind to support this scheme.

EDUCATION & EVENTS

Inspiring and enabling current and future generations to care about their local environment and heritage is an important part of our work.

Our school programme is delivered from an Education Centre at Wandlebury and mainly serves primary schools in the wider Cambridge area. We focus on delivering outdoor curriculum-based learning for science/nature and Iron-Age history. In 2024, we welcomed visits from 44 schools (2023 = 27), involving 1,642 school children (2023 = 954). School feedback scores were an excellent 9 out of 10. Our school programme was significantly disrupted by the pandemic and cost-of-living crisis and so it was reassuring this year to get back to pre-pandemic numbers for the first time.

Our public events programme covers a wide range of educational and well-being activities including open days, dance, re-enactments and community events. These are delivered by our staff, volunteers or contractors or by other organisations working in partnership with us. In 2024/25, we organised 101 (2023/24 = 110) face-face public event sessions and we also partnered with other organisations to provide 94 sessions at our properties (2023/24 = 93). In addition, through the River Cam CAN project we organised a successful Cambridge Nature Festival with over 150 activity events taking place. There were hands-on creative activities, nature walks, bat punt safaris, BioBlitzes, pond dipping and much more. Most of the events were free or affordable and took place in Cambridge and the surrounding countryside.

Over 80 people attended our Annual Meeting in Cambridge in November where our guest speaker was TV presenter and author Tom Heap, who gave a thought-provoking talk about how we use land on a crowded island.

COMMUNICATION & SUPPORT

During the year our Communications & Membership team have worked hard to improve our communication material and supporter journey across print, digital, social and web channels. This is part of renewed efforts to increase our membership and supporter base.

We have refreshed , social media and some of the leaflets and posters that we produce to promote our sites and events. We also promoted a digital edition of our

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which now reaches 400 members helping to lower print and postage costs. We invested significant time and resources into developing a new website which was launched in April 2025.

This work is already yielding positive results. During the year we recruited nearly 700 members and overall, our membership has grown from 2,018 to 2,288. Our monthly digital newsletter subscribers grew from 4,370 to over 8,500 and on social media we achieved year-on-year impression increases of 83% on Facebook, 100% on Instagram and 253% on Twitter.

Recognising that people are getting online information about our work from other sources, we have also focused on growing Google Business and Search listings for our green spaces and historic buildings, making it easier for visitors to plan their trips.

Our charitable work has gained a significant amount of coverage in the press and media during the year for a variety of news items covering our work in town planning, green spaces and nature, heritage and community events. This has included national and local television coverage, national and local print media and national and local radio.

To improve member retention and donor service, we completed a comprehensive data cleanse and migration to a new Customer Relationship Management platform. This has enabled automated renewal reminders, targeted communications and more reliable management of donor and supporter information, without increasing staff workload.

ORGANISATIONAL RESOURCES

At our annual meeting Dame Polly-Courtice was re-elected for a second term and Lesley Thompson was elected to the board. Paul Chapman stood down as Honorary Treasurer after serving his two terms with distinction and Lesley took over that role.

Following the resignation of our Head of Finance & Operations we increased our managerial capacity to match our increasing workload and ambitions. We recruited to a new full-time position of Senior Estate Manager and have employed a Head of Finance & Organisational Development to ensure that our internal processes keep . To support that work we also set up an Organisation Development Working Group of staff and trustees and have agreed a set of cultural values. Between December and February, we were supported by freelance finance and general management to help cover for vacancies and illness in the staff team.

PLANS FOR FUTURE PERIODS

Despite global insecurity and economic shocks, CambridgePPF sees an opportunity to re-set our relationship with the natural world so that nature recovery benefits the planet, our wellbeing and our economy. There are things we can do real, practical things that will make a difference for all of us. We have the skill and the will, and we are working hard to secure the financial support, so that we can:

Reduce river pollution, help nature and capture carbon, by creating a large new wetland at Coton Reserve and by delivering the River Cam CAN project.
Provide more green space, by converting farmland into new habitats at Coton Reserve.
Help deliver the 2050.
Improve the green spaces that we care for to meet the needs of a growing, ageing and more diverse community and to maximise benefits for nature and climate mitigation.
Repair the Leper Chapel and transform it into an accessible, well-used community building.
Ensure our two mills continue to grind corn, as they have done for centuries.

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Protect and restore the historic buildings and archaeology at Wandlebury.

Inspire more people to get outdoors and connect with their local environment, heritage and culture.
landscapes,
ecology and heritage for future generations.

One challenge we will face during 2025-26 is that CambridgePPF will be participating in two major public inquiries into the proposed construction of two new bus roads across miles of open countryside. This will absorb our limited staff resources at a time when we are also working to deliver an ambitious programme of exciting projects for nature and people. We will need to find ways to do both.

FINANCIAL REVIEW

Results for the year

Once again, thanks to the generosity of our supporters, this has been another very positive year for the charity. Increased funds meant we were able to increase spending on our charitable work. Overall, our total funds increased by £112k (2023-24 increase £153k). Our operational and other activities have three main elements*:

i) Our total income was £983k (2023-24 £934k). Donations, bequests and grants were £363k (2023-24 £357k) of which £256k (2023-24 £205k) was restricted income. Total expenditure was £854k (2023-24 £837k) of which £159k (2023-24 £222k) was funded by restricted project income. Therefore, net income before investment gains (our operational activities including restricted funds) was a £129k surplus after taking into account an increase in restricted funds of £98k (2023-24 £97k surplus of which £17k was a decrease in restricted funds).

ii) Investment properties were not revalued in 2024-25 (2023-24 losses £127k).

Our investment properties were formally revalued as at 31 March 2024 and took into account tenancies in place. Trustees agreed not to revalue this year as markets had not significantly moved. Our investment they generate some 20% of our income they are not purely held for investment purposes and maintaining them is expensive.

iii. Losses on our other investments were £103k (2023-24 gain £183k)

Markets remained volatile throughout the year, particularly following the re-election of Donald Trump with equities initially increasing in value and then significantly decreasing following his introduction of tariffs and growth fears. Because we receive a smoothed average 4% drawdown each year, the income that we receive from our investments is relatively well protected from short-term declines in the value of our investments. nd accounted for 15% of our income.

[*For comparison purposes excluded above are, capital donations of £86k (2023-24 nil) and grant funds passed on to partner organisations for work carried out by them of £67k (2023-24 £167k).]

Reserves Policy

we hold them in order to inform our financial strategy. They comprise:

Fixed Asset Reserve Fund £1.354m (2023-24 £1.238m)

This represents our fixed assets which comprise our heritage buildings, green spaces and other fixed assets that cannot be spent. However, they are also our biggest liability (to maintain and preserve) which is unrecognised in these accounts. As can be seen from the table below, a large proportion of our costs are for the management and maintenance of our estates.

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Strategic Property Reserve £5.208m (2023-24 £5.208m)

These are our properties that are in the main associated or ancillary to our heritage sites, and so they are not held purely for financial purposes.

General Reserves £3.271m (2023-24 £3.339m) These are what we consider 7k in liquid funds for working capital, which represents around 6 months expenditure. The balance is invested on a medium-toholding a larger than usual amount of cash, £304k of this is restricted funding not yet spent, £41k is held on behalf of River Cam CAN partners and £176k invested in high interest accounts in order to generate income to support our work.

Restricted Funds £337k (2023-24 £239k)

note 21 on page

30).

Leper Chapel & Barnwell Meadows Fund £106k (2023-24 £106k)

In 2019 we received a lease premium which we ring fenced and is gradually being drawn down to fund long term improvements to the Chapel, meadows and surrounding area.

Estate Improvement Fund £195k (2023-24 £205k)

We established this fund to cover major estate improvement costs that the charity struggles to pay for through its operating budget.

The Callan Fund £847k (2023-24 £857k)

A designated fund established from the legacy of the estate of the late Robin Callan to be used for protecting countryside and improve it for people and nature.

Financial Position & Plans

Whilst our financial position has strengthened in the last five years or so, our free reserves have not increased significantly. On the surface we might appear to be in a reasonable financial position but in reality, our free reserves and assets act like an endowment fund and they generated 38% of year. Without this income we would not be able to care for the heritage assets in our stewardship. For this reason, we cannot spend our free reserves unless we can first secure other sources of income.

Raising sufficient funds remains a significant challenge to cover both the necessary operating costs of the charity and to meet the increasing needs of greater Cambridge for genuinely sustainable growth and more and better green space. This is a challenge that continued to be made more difficult in 2024/25 by high inflation, though at least this was down on the previous year.

Finally, it is again worth saying that aside from the long-term financial liabilities of caring for heritage there is another figure that is missing from the financial statements and that is the value of the time volunteers give to the charity. We recognise this donated effort with huge thanks; it is immeasurable and invaluable and means that our impact is considerably more than the expenditure we record.

page 12 of 32

CAMBRIDGE PAST, PRESENT & FUTURE

T 2024-25

Summary of Income and Expenditure 2024-25*

----- Start of picture text -----
2024-25 2023-24
Income £000's £000's
Investment income 168 158
Rents 203 207
Membership 100 69
Donations and bequests 193 152
Wandlebury Car Park 83 85
Restricted Grants 256 205
Education Programme 23 19
Other Income 43 39
Total 1069 934
----- End of picture text -----

In 2024-25 an accrual for Gift Aid of £25k was included. Additionally, membership subscriptions were increased in January 2025.

Excluded above are grant funds passed onto partner Organisations for work carried out by them of £67k (2023-24 £167k)

----- Start of picture text -----
2024-25 2023-24
Expenditure £000's £000's
Estates 506 574
Planning & Green Spaces Campaign 126 56
Education Programme 67 54
Communication & Membership 126 115
Raising Funds & Other Costs 29 38
Total 854 837
----- End of picture text -----

Net income before investment gains £215k £97k

page 13 of 32

CAMBRIDGE PAST, PRESENT & FUTURE

T 2024-25

----- Start of picture text -----
FIGURE 2: CHARITABLE EXPENDITURE BY
ACTIVITY: 2024-25
Communication & Raising Funds &
Other Costs
Membership
3%
15%
Education
Programme
8%
Estates
59%
Planning & Green
Spaces Campaign
15%
----- End of picture text -----

Risk Statement

The Board regularly reviews the major risks to which the charity is exposed, both operationally and financially, and are satisfied that systems are in place to manage exposure to any risks that may significantly affect the charity.

The most significant financial risk for the charity is the lack of a sufficient long-term financial endowment to provide the income required for the long-term care of our natural and built heritage assets and to maintain at least a break-even operational position. There is monthly, quarterly and annual financial monitoring of the position and a rolling 5-year Business Plan sets out how the charity will increase income and contain costs to try and achieve this.

Grants, Donations & Legacies

CambridgePPF is very grateful for the generous support towards its charitable work. The donations by our members, the public, charitable trusts and grant funders have enabled the work described in this annual report.

Statement as to Disclosure of Information to Auditors

So far as the trustees are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each trustee has taken all the steps that he/she ought to have taken as a trustee in order to make himself/herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

On behalf of the Board:

Lesley Thompson, Treasurer Approved by the Board of Trustees, 08 August 2025.

page 14 of 32

CAMBRIDGE PAST, PRESENT & FUTURE

T 2024-25

Appendix 1 CambridgePPF Committee Members during 2024-25

Finance Committee

Sally Adelman, Paul Chapman (Chair until Nov 2024), John Moore, Karen Rothwell, Christopher Spokes (until Aug 2024 and Lesley Thompson (Chair from Jan 2025).

Working Groups held during the year:

Planning & Development of Greater Cambridge

David Adamson, Dinah Brooks, Brian Cleary, Baroness Janet Cohen, Patsy Dell, Donald Douglas, Edward Leigh, Dr Robin Pellew, Peter Studdert, Richard Townley and Bill Wicksteed.

Heritage Watch Group

Wendy Andrews, Michael Goodhart, Dr John Gray, Lucy Gray, Penny Heath, Prof Peter Landshoff and John Preston.

Cambridge & District Blue Plaques

Jonathan Barker, Tom Bygott, Julia Eisen, Cllr Corine Garvey, Penny Heath (Chair), Jonathan Hurst, Glenys Jackson and Honor Ridout.

page 15 of 32

CAMBRIDGE PAST, PRESENT & FUTURE REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS AND BOARD OF TRUSTEES OF CAMBRIDGE PAST, PRESENT & FUTURE

We have audited the financial statements of Cambridge Past, Present & Future (the parent charitable company) and its subsidiaries for the year ended 31 March 2025 which comprise the Consolidated Statement of Financial Activities, the Consolidated and Parent Balance Sheet, Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on Cambridge Past, Present & Future's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the board of trustees' report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

prepared is consistent with the financial statements; and

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

us; or

page 16 of 32

CAMBRIDGE PAST, PRESENT & FUTURE REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS AND BOARD OF TRUSTEES OF CAMBRIDGE PAST, PRESENT & FUTURE

Responsibilities of trustees

the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the annual financial statements from our general commercial and company specific experience, through discussion with the trustees (as required by auditing standards), and from inspection of the charitable company's regulatory correspondence, and we discussed with the trustees the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indication to non-compliance throughout the audit; the audit team are deemed both competent and capable of identifying noncompliance with rules and regulations.

The potential effect of these laws and regulations on the annual financial statements varies considerably. Firstly, the charitable company is subject to laws and regulations that directly affect the annual financial statements including financial reporting legislation and taxation legislation, and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related annual account items. Secondly, the charitable company is subject to other laws and regulations where the consequences of non-compliance could have a material effect on the amounts or disclosures in the financial statements, for instance non-compliance with sector specific regulations. We assessed the risk of fraud in the financial statements through discussion with management and from our experience of the charitable company. We communicated identified fraud risk areas throughout our team and remained alert to any indication of fraud throughout the audit. In particular, we assessed the potential impact of the global pandemic known as Covid-19 on the risk of fraud. We did not identify any instances of fraud during the course of our audit.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the trustees and inspection of regulatory and legal correspondence, if any. Through these procedures, we did not become aware of any actual or suspected non-compliance with laws and regulations. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect noncompliance with all laws and regulations.

Use of report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and reports) Regulations state to them in an Auditors Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Naomi Jane Hedger (Senior Statutory Auditor) for and on behalf of Chater Allan LLP Chartered Accountants and Statutory Auditors 7 Quy Court, Colliers Lane, Stow-cum-Quy, CB25 9AU

Date: 19 November 2025

page 17 of 32

CAMBRIDGE PAST, PRESENT & FUTURE

Registered number: 0239835 (England and Wales)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

----- Start of picture text -----
UNRESTRICTED FUNDS RESTRICTED TOTAL TOTAL
Note Non Designated FUNDS FUNDS FUNDS
Designated
Funds Funds 2025 2024
£ £ £ £ £
Income from:
Donations and legacies 3 184,856 - 256,477 441,333 349,824
Charitable activities:
Estates 4a 228,251 - - 228,251 226,099
Education and Awareness 4b 23,299 - - 23,299 18,930
Communication & Membership Services 4c 105,138 - - 105,138 75,929
Other trading activities:
Subsidiary companies turnover 99,149 - - 99,149 104,385
Investment income 168,105 - - 168,105 157,957
Other income 5 3,407 - 66,865 70,272 167,399
Total income 812,205 - 323,342 1,135,547 1,100,523
Expenditure on:
Raising funds:
Cost of generating voluntary income 17,711 - - 17,711 24,161
Investment management costs 11,012 - - 11,012 13,776
Charitable activities:
Estates 6 380,676 20,961 104,599 506,236 569,555
Planning & Green Spaces Campaign 6 58,735 13,360 53,985 126,080 55,688
Education and Awareness 6 66,555 - - 66,555 54,150
Communication & Membership Services 6 126,094 - - 126,094 115,125
Other expenditure 6b - - 66,865 66,865 170,931
Total expenditure 660,783 34,321 225,449 920,553 1,003,386
Net (expenditure)/income before transfers and gains and
losses on investments 151,422 (34,321) 97,893 214,994 97,137
Unrealised (losses)/gains on investment properties 15 - - - - (126,994)
Unrealised (losses)/gains on investments 15 (103,168) - - (103,168) 182,575
Realised gains on investments - - - - 88
Net income (expenditure)/income for the year 9 48,254 (34,321) 97,893 111,826 152,806
Transfers between funds: 21
Fixed Asset Reserve Fund (116,533) 116,533 - - -
- - - - -
Strategic Property Investment Reserve
- - - - -
Leper Chapel & Barnwell Meadows Fund
The Callan Fund - -
- - - - -
Estate Improvement Fund
Restricted fund transfers - - - - -
Net movement in funds (68,279) 82,212 97,893 111,826 152,806
Reconciliation of funds:
Total funds brought forward 3,252,225 7,613,213 238,677 11,104,115 11,044,643
Funds retained in the subsidiary companies 86,648 - - 86,648 (6,686)
3,338,873 7,613,213 238,677 11,190,763 11,037,957
Total funds carried forward 3,270,594 7,695,425 336,570 11,302,589 11,190,763
Made up of:
Charity funds in Group Balance Sheet 3,184,894 7,695,425 336,570 11,216,889 11,104,115
Funds retained in the subsidiary companies 85,700 - - 85,700 86,648
3,270,594 7,695,425 336,570 11,302,589 11,190,763
----- End of picture text -----

The Charity's income and (deficit)/surplus relate to continuing activities.

page 18 of 32

Registered number: 0239835 (England and Wales)

CAMBRIDGE PAST, PRESENT & FUTURE

BALANCE SHEET AS AT 31 MARCH 2025

----- Start of picture text -----
2025 2024
Note Charity Trading Group Group
Subsidiaries
£ £ £ £
FIXED ASSETS
Tangible assets 13 1,267,144 - 1,267,144 1,151,559
Heritage assets 14 86,936 - 86,936 86,936
Investments 15 8,812,202 240,000 8,865,041 8,968,209
10,166,282 240,000 10,219,121 10,206,704
CURRENT ASSETS
Stocks 16 292 - 292 2,030
Debtors 17 201,323 14,969 127,409 146,011
Cash at bank and in hand 1,009,054 119,838 1,128,892 1,057,449
1,210,669 134,807 1,256,593 1,205,490
CREDITORS: amounts falling due
within one year 18 156,909 101,946 169,972 221,431
NET CURRENT ASSETS 1,053,760 32,861 1,086,621 984,059
CREDITORS: amounts falling due
after one year 19 3,153 - 3,153 -
NET ASSETS 11,216,889 272,861 11,302,589 11,190,763
THE FUNDS OF THE CHARITY:
Restricted Income Funds 21 336,570 - 336,570 238,677
Unrestricted Income Funds:
Designated Funds:
Fixed Asset Reserve Fund 21 1,354,080 - 1,354,080 1,237,547
Strategic Property Investment Reserve 21 5,208,000 - 5,208,000 5,208,000
Leper Chapel & Barnwell Meadows Fund 21 105,560 - 105,560 105,560
Estate Improvement Fund 21 194,527 - 194,527 205,405
The Callan Fund 21 846,618 - 846,618 856,701
Habitat Bank 21 (13,360) - (13,360) -
Non Designated Funds:
General Fund 3,184,894 272,761 3,270,594 3,338,873
Subsidiary Shares - 100 - -
TOTAL CHARITY FUNDS 22 11,216,889 272,861 11,302,589 11,190,763
----- End of picture text -----

The consolidated totals include consolidation adjustments and are not, therefore, a simple cast of the columns on this page.

The financial statements were approved by the Board on 13 November 2025 and signed on its behalf by:

Karen Rothwell, Chair

Lesley Thompson, Treasurer

page 19 of 32

CAMBRIDGE PAST, PRESENT & FUTURE

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

Note 2025 £ Cash flows from operating activities: Net cash used in operating activities a) 37,045 Cash flows from investing activities: Dividends, interest and rents from investments 168,105 Proceeds from the sale of property, plant and equipment - Purchase of property, plant and equipment (133,707) Proceeds from sale of investments - Purchase of investments - Net cash (used in)/provided by investing activities 34,398 Change in cash and cash equivalents in the reporting period 71,443 Cash and cash equivalents at the beginning of the reporting period 1,057,449 Cash and cash equivalents at the end of the reporting period b) 1,128,892 Notes to the Statement of Cash Flows a) Reconciliation of net income for the year to net cash flow from operating activities Net (expenditure)/income for the reporting period 111,826 Depreciation charges 18,122 Losses/(Gains) on investments 103,168 Unrealised (losses)/gains on investment properties - Dividends, interest and rents from investments (168,105) (Profit)/loss on sale of fixed assets - (Increase)/decrease in stocks 1,738 Decrease/(increase) in debtors 18,602 (Decrease)/increase in creditors (48,306) Net cash inflow/(used) in operating activities 37,045 b) Analysis of cash and cash equivalents Cash at bank and in hand 1,128,892	2025 £ 37,045 168,105 - (133,707) - -	2024 £ 81,714 157,957 - (9,693) 17,397 -
	34,398	165,661
	71,443 1,057,449	247,375 810,074
		1,057,449 152,806 13,534 (182,663) 126,994 (157,957) - - 6,027 122,973
	37,045 1,128,892	81,714 1,057,449

page 20 of 32

CAMBRIDGE PAST, PRESENT & FUTURE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ENTITY INFORMATION

The charity is incorporated in England and is a company limited by guarantee, and does not have share capital. The registered office is Wandlebury Ring, Gog Magog Hills, Babraham, Cambridge CB22 3AE.

2. STATEMENT OF ACCOUNTING POLICIES

(a) Accounting convention

The financial statements have been prepared under the historical cost convention, as modified by the revaluation of investments, including investment property, and in accordance Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and Accounting and Reporting by Charities: 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 (FRS102) (effective 2019) and the Companies Act 2006.

The financial statements are presented in pounds sterling.

Cambridge Past, Present and Future meets the definition of a public benefit entity under FRS 102.

(b) Going concern

The financial statements have been prepared on a going concern basis, which assumes that the Charity will continue trading for the foreseeable future. The trustees are satisfied that available sources of finance and future funding income are sufficient to enable the charity to continue to meet its liabilities as they fall due.

(c) Basis of consolidation

The group financial statements consolidate the financial statements of the charity and its subsidiary undertakings at 31 March using acquisition accounting. In accordance with the Charities SORP (FRS 102), in the case of a combination which is in substance a gift to the parent charity, the parent charity recognises that it has made a gain, and that gain is recognised as in the consolidated SoFA.

( d) Income recognition

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.

Legacy gifts are recognised on a case by case basis following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset rather than cash or financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by our investment advisor of the dividend yield on the investment portfolio.

(e) Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably .

All expenditure is accounted for on an accrual basis. All expenses including support and governance costs are allocated or apportioned to the applicable expenditure headings as described in note 7.

page 21 of 32

CAMBRIDGE PAST, PRESENT & FUTURE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. STATEMENT OF ACCOUNTING POLICIES (continued)

(e) Expenditure recognition (continued)

Liabilities are recognised as expenditure as soon as there is a legal or constructSupport costs are those functions that assist the work of the charity but do not d rectly undertake char table i ve obligation committ i ng the activities.charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can Support costs include office costs, finance, personnel, payroll, and governance costs which support be methe ch a rity's activities. These costs have been allocated to expenditure on charitable activities. The bases on sured reliably . which support costs have been allocated are set out in the notes.

All expenditure is accounted for on an accrual basis. All expenses including support and governance costs

are allocated or apportioned to the applicable expenditure headings as described in note 7. (f) Irrecoverable VAT

Support costs are those functions that assist the work of the charity but do not directly undertake charitable Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

activities. Support costs include office costs, finance, personnel, payroll, and governance costs which support

the charity's activities. These costs have been allocated to expenditure on charitable activities. The bases on (g) Fixed assets which support costs have been aDepreciation is provided at the fo llo cated are set out in the notes.wing annual rates in order to write off each asset over its useful life:

(f) Irrecoverable VAT Freehold buildings 2% per annum straight line, after accounting for residual value Irrecoverable VAT is charged against the expenditure heading for which it was incurred.Plant and equipment 25% per annum reducing balance Office equipment 33% per annum straight line

(g) Fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its useful life: (h) Heritage assets

Heritage assets represent buildings held by the Charity for their contribution to knowledge and culture. No Freehold buildings 2% per annum straight line, after accoudepreciation is charged on the heritage assets as their eco n ting for residual vomic life mean th a t any depreciation would not be lue Land drainage 5% per annum straight linematerial. Heritage assets are reviewed at the year end for evidence of impairment and adjusted accordingly within the Statement of Financial Activities. Plant and equipment 25% per annum reducing balance

Office equipment 33% per annum straight line

(i) Investments

Investments The Single F ar m Paye a for m ent ent of bas c fina i tleme n cial instt was w r ument and are initially ecognised at their transaction value and itten off during the yea r ended 31 March 2015. Investment properties are included at market valusubsequently measured at their fair value as at th e balance sheet date using the closing quoted market price..

(h) Investments All gains and losses are taken to the Statement of Financial Activities (SOFA) as they arise. Realised gains Investments are a form of basic financial instrument and are initially recognised at their transaction value and and losses on investments are calculated as the difference between sales proceeds and their opening subsequently measured at thecarrying value (purchase date f l i r f a ter). Unrealised gains and losses are calculated as the diffir value as at the balance sheet date using the closing quot e rence between d market price. the fair value at the year end and opening carrying value (purchase date if later).

All gains and losses are taken to the SOFA as they arise. Realised gains and losses on investments are calculated as the dInvestment propert es are shown at most recent valuation. Any aggregate surplus or deficit ari i fference between sales proceeds and their opening carrying value (purcha s ing frome date if later). Unrealised gains and losses are calculated as the difference between the fair value at the year end achanges in fair value is recognised in the SoFA. In accordance with FRS 102 Investment Property is ot n d opening carrying value (purchdepreciated. This represents departure from the Companies Act. a se date if later).

Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities. (j) Stocks

Stocks are stated at the lower of cost and net realisable value. Costs means purchase price, including (i) Stocks transport and handling costs, less trade discounts, calculated on a first in first out basis. Net realisable value Stockmean s are stated at the lower of cost and net realiestimated selling price (less trade discount s ) and al costs to be incurred in marketing, selling and able va l ue. Costs means purchase price, including distribution.transport and handling costs, less trade discounts, calculated on a first in first out basis. Net realisable value

means estimated selling price (less trade discounts) and all costs to be incurred in marketing, selling and

distribution. (k) Companies Act 2006

These financial statements have been prepared in accordance with the Companies Act 2006 with (j) Companies Act 2006 amendments to enhance the true and fair view. The inclusion of an Income and Expenditure account in addition to the Statement of Financial Activities is not considered necessary.

(l) Pension

The charity operates a defined contribution pension scheme; contributions to the scheme are charged to the income and expenditure account in the year to which they relate.

(m) Fund accounting

Unrestricted funds are funds which are available for use at the discretion of the Members in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Members for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

page 22 of 32

CAMBRIDGE PAST, PRESENT & FUTURE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. STATEMENT OF ACCOUNTING POLICIES (continued)

(m) Fund accounting (continued)

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund.

(n) Debtors

Debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due

(o) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

(p) Leasing commitments

Assets obtained under finance leases are capitalised in the balance sheet. Those held under finance leases are depreciated over their estimated useful lives or lease term, whichever is the shorter.

3.INCOME FROM DONATIONS AND LEGACIES

Grants and donations Legacies and bequests INCOME FROM CHARITABLE ACTIVITIES Grants & donations Rents received Visitor collection boxes Other income Sales and sundries b. Education and awareness Grants & donations School visits c. Communication & Membership Services Subscriptions and gift aid Events a. Estates	Unrestricted Restricted £ £ 183,202 256,477 1,654 - 184,856 256,477 Unrestricted Restricted £ £ 2,822 - 186,017 - 4,796 - 30,866 - 3,750 - 228,251 - - - 23,299 - 23,299 - 100,159 - 4,978 - 105,138 - 2025 2025	Unrestricted Restricted £ £ 74,723 205,101 70,000 - 144,723 205,101 Unrestricted Restricted £ £ 2,943 - 186,660 - 4,664 - 31,215 - 618 - 226,099 - - - 18,930 - 18,930 - 69,245 - 6,684 - 75,929 - 2024 2024	Unrestricted Restricted £ £ 74,723 205,101 70,000 - 144,723 205,101 Unrestricted Restricted £ £ 2,943 - 186,660 - 4,664 - 31,215 - 618 - 226,099 - - - 18,930 - 18,930 - 69,245 - 6,684 - 75,929 - 2024 2024
			- - -
			- - -
			-

4. INCOME FROM CHARITABLE ACTIVITIES

page 23 of 32

CAMBRIDGE PAST, PRESENT & FUTURE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

5. GRANT INCOME AND OTHER INCOME

During the year the Charity received the following unrestricted grants: Rural Payments Agency	2025 £ 2,823 2,823	2024 £ 2,823 2,823

During the year the Charity received restricted grants totalling: £72,066 (2024: £261,734). Grant income where the funds are passed through the Charity, and are not directly managed by the Charity are treated as other income.

During the year the Charity received the following other income: Grant income through Charity for external projects (see note 6b) Loan Interest Other income	2025 £ 66,865 1,563 1,844 70,272	2024 £ 166,731 668 - 167,399

6. COST OF CHARITABLE ACTIVITIES

Activity Activities undertaken directly £ Estates 288,796 Planning & Green Spaces Campaign 65,531 Education and Awareness 55,469 Communication & Membership Services 103,850 513,646 b. Other expenditure Grant income through Charity for external projects	Governance and support costs (note 7) £ 91,259 6,564 11,086 22,244 131,153	Total Charity Unrestricted £ 380,055 72,095 66,555 126,094 644,799	Trading Subsidiaries £ 21,582 - - - 21,582	Total Charity Restricted £ 104,599 53,985 - - 158,584 2025 £ 66,865 66,865	2025 Total £ 506,236 126,080 66,555 126,094 824,965 2024 £ 170,931 170,931

6b. Other expenditure

Other exependiture relates to grant income received by the Charity for external projects (see note 5).

7. SUPPORT COSTS

Administrative salaries and expenses Office rates, light, heat and repairs Insurance Postage, stationery and telephone Publications and subscriptions Sundry expenses Depreciation Governance (note 8)	Estates £ 35,673 7,070 13,505 16,075 139 671 1,065 17,061 91,259	Education and Awareness £ 3,571 708 1,351 3,210 - 67 107 2,073 11,086	Communic- ation & Membership Services £ 7,685 1,523 1,351 6,321 832 145 229 4,159 22,244	Planning & Green Spaces Campaign £ 2,817 558 450 1,167 208 53 84 1,227 6,564

The basis of allocations for staff costs are in respect of time spent on activities and actual charges or usage estimates for other expenditure.

page 24 of 32

CAMBRIDGE PAST, PRESENT & FUTURE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. GOVERNANCE COSTS Auditor's remuneration Auditor's remuneration previous years Professional fees Committee Members' expenses Meeting expenses Support costs 9. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated: After charging/(crediting): Depreciation of fixed assets Auditors' remuneration 10. INTEREST PAYABLE AND SIMILAR CHARGES Leasing	2025 £ 10,200 1,950 1,430 24 483 10,433 24,519 2025 £ 18,122 10,200 2025 £ 278 278	2024 £ 7,350 1,470 28 - 41 12,924 21,813 2024 £ 13,534 9,300 2024 £ 267 267

11. TAXATION

As a registered charity Cambridge Past, Present & Future is not subject to corporation tax on its charitable income.

12. ANALYSIS OF STAFF COSTS AND REMUNERATION OF KEY MANAGEMENT PERSONNEL

Wages and salaries Pension costs Social security costs	2025 £ 362,323 15,808 27,527 405,658	2024 £ 323,104 13,890 24,422 361,416

One employee received £60,000 or more during the current year.

Key management personnel received total employment benefits including pension contributions of £95,872 (2024: £103,617)

The members of the Board of Management received no remuneration during the year (2024: £nil).

No member of the Board received expenses in respect of committee meetings and travel during the year (2024: £Nil).

The average full time equivalent number of employees during the year was:	2025 No 10	2024 No 10

Included in insurance in support costs is a charge of £2,537 (2024: £2,382) for Indemnity Insurance purchased to indemnify the Board of Trustees and other officers against the consequences of any neglect or default on their part.

page 25 of 32

CAMBRIDGE PAST, PRESENT & FUTURE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

13. TANGIBLE FIXED ASSETS CHARITY AND GROUP

Cost or valuation: At 1 April 2024 Additions Disposals At 31 March 2025 Depreciation: At 1 April 2024 Charge for year On disposals At 31 March 2025 Net book value: At 31 March 2025 At 31 March 2024 Transfer from Investment Property	£ 1,241,187 86,143 - - 1,327,330 113,348 6,591 - 119,939 1,207,391 1,127,839 Freehold land & buildings	£ 53,585 6,817 - - 60,402 51,367 1,916 - 53,283 7,119 2,218 Fixtures and fittings	Estate equipment £ 112,929 40,746 - - 153,675 92,374 8,666 - 101,040 52,635 20,555	Charity Total £ 1,407,700 133,707 - - 1,541,407 257,089 17,174 - 274,263 1,267,144 1,150,611	£ 6,664 - - - 6,664 5,716 948 - 6,664 - 948 Subsidiary plant & equipment	Group Total £ 1,414,365 133,707 - - 1,548,071 262,805 18,122 - 280,927 1,267,144 1,151,559

Included within fixtures and fittings additions above is an asset held under a finance lease with a net book value of £3,744; depreciation charged in the year totalled £264.

The historical cost of freehold land and buildings comprises:

Wandlebury estate Coton Bin Brook Meadows Granchester Madingley (Deemed cost on transfer from Investment Property) Tebbits Wood 14. HERITAGE ASSETS CHARITY AND GROUP Cost or valuation: As at 1 April 2024 As at 31 March 2025	Freehold Land & Buildings 2025 £ 983,668 117,019 40,000 500 100,000 86,143 1,327,330 Charity and Group £ 86,936 86,936

Heritage assets represent buildings held by the Charity for their contribution to knowledge and culture. Heritage assets above include Hinxton Mill at a cost of £86,936 (insurance reinstatement value, £958,655). The following Heritage assets have been excluded from the above as they were gifted to the Charity, and in the opinion of the trustees the cost of any attempt to obtain a valuation would not be commensurate with the benefit to the users of the accounts: The Leper Chapel, Bourn Mill, and Tadlow Granary. For insurance purposes the reinstatement values assigned to each asset were as follows: The Leper Chapel, £1,271,664, Bourn Mill, £1,737,131, and Tadlow Granary, £334,953. There have been no additions, disposals or impairment of heritage assets during the current and four preceding years.

page 26 of 32

CAMBRIDGE PAST, PRESENT & FUTURE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

15. FIXED ASSET INVESTMENTS

GROUP Cost or valuation: As at 1 April 2024 Additions Revaluation Disposals Transfer to Fixed Assets Realised gains on disposals Unrealised gains / (losses) At 31 March 2025	Investment Property £ 5,448,000 - - - - - - 5,448,000	Quoted Investments £ 3,520,209 - - - - - (103,168) 3,417,041	Total 2025 £ 8,968,209 - - - - - (103,168) 8,865,041

The historical cost of the investment property and quoted investments at the year end were £1,295,295 and £3,160,621 respectively.

The investment properties were revalued in 2024 by Carter Jonas, property consultants. For the purpose of this valuation a reduction factor of between 5% and 10% has been applied to the properties being occupied by tenants. The Trustees believe the fair value of the Investment Properties, at 31 March 2025, are not materially different from the 31 March 2024 valuation.

PARENT CHARITY

Cost or valuation: As at 1 April 2024 Additions Revaluation Disposals Transfer to Fixed Assets Realised gains on disposals Unrealised gains / (losses) At 31 March 2025	Investment in Subsidiaries £ 187,161 - - - - - - 187,161	Quoted Investments £ 3,520,209 - - - - - (103,168) 3,417,041	Investment Property £ 5,208,000 - - - - - - 5,208,000	Total 2025 £ 8,915,370 - - - - - (103,168) 8,812,202

The historical cost of the investment property and quoted investments at the year end were £823,951 and £3,160,621 respectively.

INVESTMENT IN SUBSIDIARIES

Cambridge Past, Present & Future Limited controls the following subsidiary companies:

The Cambridge Preservation Society Limited - a company limited by guarantee. Registered Office: Wandlebury Ring, Gog Magog Hills, Babraham, Cambridge, CB22 3AE Registered Number: 07148442

Principal Activity: running of the car-park at Wandlebury

page 27 of 32

CAMBRIDGE PAST, PRESENT & FUTURE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

15. INVESTMENTS CHARITY AND GROUP (Continued)

Orchard Publishing Co Limited

Registered Office: Wandlebury Ring, Gog Magog Hills, Babraham, Cambridge, CB22 3AE Registered Number: 02740276

Principal Activity: property rental

Class of shares: Ordinary 16. STOCKS Books 17. DEBTORS Gift aid and legacies Grants and other debtors Prepayments Amount due from trading subsidiaries Accrued income - Rents Accrued income - Other Loan: due within 1 year Loan: due after 1 year	2025 Charity £ 29,778 2,479 6,801 88,883 2,957 45,425 25,000 - 201,323	2025 Subsidiaries £ - - - - 13,220 1,749 - - 14,969	% holding 100 2025 Charity £ 292 2024 Charity £ 4,390 3,569 31,181 99,876 4,916 43,317 25,000 25,000 237,250	2024 Charity £ 2,030 2024 Subsidiary £ - - - - 6,203 2,434 - - 8,637

18. CREDITORS: amounts falling due within one year

Trade creditors Accruals & deferred income Other creditors Finance lease (see note 20)	2025 Charity £ 52,442 93,084 10,787 595 156,909	2025 Subsidiaries £ 495 8,690 92,761 - 101,946	2024 Charity £ 12,614 190,671 10,631 997 214,913	2024 Subsidiary £ 235 5,209 100,951 - 106,394

Included in Accruals & deferred income above is £34,311 relating to rental income received in advance (2024: £27,006).

19. CREDITORS: amounts falling due after one year

19. CREDITORS:amounts falling due after one year Finance lease (see note 20) 20. OBLIGATIONS UNDER FINANCE LEASES Net obligations repayable: Within one year Between one and five years	2025 £ 3,153 3,153 2025 £ 595 3,153 3,748	2024 £ - - 2024 £ 997 - 997

page 28 of 32

CAMBRIDGE PAST, PRESENT & FUTURE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

21. OTHER RESERVES

DESIGNATED FUNDS a) Fixed Asset Reserve Fund Balance at 1 April 2024 Transfers from/(to) Income and Expenditure: Balance 31 March 2025 b) Strategic Property Investment Reserve Balance at 1 April 2024 Transfers from/(to) Income and Expenditure: Balance 31 March 2025 c) Leper Chapel & Barnwell Meadows Fund Balance at 1 April 2024 Income Expenditure Transfers (to)/from Income and Expenditure: Balance 31 March 2025 d) Estate Improvement Fund Balance at 1 April 2024 Expenditure Transfers from/(to) Income and Expenditure: Balance 31 March 2025 e) The Callan Fund Balance at 1 April 2024 Income Expenditure Transfers from/(to) Income and Expenditure: Balance 31 March 2025 f) Habitat Bank Balance at 1 April 2024 Income Expenditure Transfers from/(to) Income and Expenditure: Balance 31 March 2025 f) Summary of transfers to/(from) Income and Expenditure Account: Fixed Asset Reserve Fund Strategic Property Investment Reserve Leper Chapel & Barnwell Meadows Fund Estate Improvement Fund The Callan Fund Habitat Bank	2025 £ 1,237,547 116,533 1,354,080 5,208,000 - 5,208,000 105,560 - - - 105,560 205,405 (10,878) - 194,527 856,701 - (10,083) - 846,618 - - (13,360) - (13,360) (116,533) - - - - (116,533)	2024 £ 1,189,722 47,825 1,237,547 5,479,994 (271,994) 5,208,000 105,771 (211) - 105,560 99,120 - 106,285 205,405 765,661 - (3,960) 95,000 856,701 - - - - (47,825) 271,994 - (106,285) (95,000) 22,884

The Fixed Asset Reserve Fund represents the charity's fixed assets, which comprise our heritage sites and other fixed assets that cannot be disposed of.

The Strategic Property Investment Reserve represents the current value of the properties that are associated with, or ancillary to, our fixed assets.

The Leper Chapel & Barnwell Meadows Fund: A designated fund for protecting, maintaining and improving the Leper Chapel and surrounding land, including the meadows. Established through a one-off payment from Cambridgeshire County Council for a long-term lease of land for the Chisholm Trail.

The Estate Improvement Fund has been set up to cover estate improvement costs that the Charity often struggles to fund through its operating budget. This would include, for example, major improvements to operational buildings, purchase of specialist equipment and contributions towards the costs of major projects associated with historic buildings and estate improvements.

The Habitat Bank Fund a designated fund associated with establishing and maintaining Biodiversity Net Gain Habitat Bank at Coton Countryside Reserve. The fund is currently in deficit as these are upfront costs to the habitat bank.

page 29 of 32

CAMBRIDGE PAST, PRESENT & FUTURE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

21. OTHER RESERVES (continued)

The Callan Fund: A designated fund established from the legacy of Robin Callan, to be used for: - protecting and maintaining Grantchester Tea Rooms and its heritage value

RESTRICTED FUNDS

Coton S106 Ecology Fund Bourn Mill Repair Fund Shelford and Stapleford Green Belt Save the Coton Corridor A Wilder Coton National Philanthropic Trust River Cam CAN Wandlebury 70th Appeal Save the Leper Chapel Grantchester Meadows Coton Countryside Fund Wandlebury Funds Specified Items Fund Blue Plaque Fund Cambridge Nature Network (Natural England)	As at 1 April 2024 £ 2,793 13,007 29,224 6,960 7,781 - 12,070 17,725 66,203 20,072 44,989 17,853 - - - 238,677	Grants and Donations £ - 3,568 20,000 700 - 36,682 150 12,352 21,262 17,827 78,815 97,249 3,945 5,064 25,727 323,340	Legacies £ - - - - - - - - - - - - - - -	Expenditure £ - (1,458) (27,307) (3,018) - (3,668) (625) (17,156) (20,141) - (51,368) (97,017) - - (3,692) (225,449)	Transfers £ - - - - - - - - - - - - - - - -	Total 2025 £ 2,793 15,117 21,917 4,642 7,781 33,014 11,595 12,921 67,324 37,899 72,436 18,085 3,945 5,064 22,036 336,570

The Coton Countryside Fund: Funds for the improvement and ongoing maintenance of Coton Countryside Reserve

Wandlebury Funds:

Memorial Features - The Memorial Benches and Plaques Fund: Funds for the purchase and maintenance of memorial benches and tree plaques. (closing balance £15,117).

The Wandlebury Planting Fund: Funds for the use of tree planting at Wandlebury Country Park (closing balance £Nil).

The Wandlebury Clark's Corner Fund: Funds for the management of an area of land known as Clark's Corner at Wandlebury Country Park [leased from The Woodland Trust] (closing balance £Nil).

South Cambridgeshire District Council Grants: A fund set up for a donation from South Cambridgeshire District Council specifically given to support the Wandlebury Volunteer program. (Zero Carbon Project) (closing balance £Nil).

Specified Items Fund: Funds for specific projects or items, as specified by the donor.

The Blue Plaque Fund: Funds for the installation and maintenance of Blue Plaques and the operation of the associated working group.

Cambridge Nature Network (Natural England) - Natural England Nature Recovery Programme: Funds for the delivery of a Cambridge Nature Network Nature Recovery Project, funded by Natural England.

The Coton S106 Ecology Fund: Funds to support ecological improvements in Coton Countryside Reserve provided by s106 agreements.

Bourn Mill Repair Fund: Funds for the repair of Bourn Windmill.

The Wandlebury 70th Birthday Appeal has been set up to fundraise for clocktower repairs, professional ecological invertebrate survey, restoration of the ring wall, a new tractor and warden staffing costs.

Save the Leper Chapel Fund has been set up for repairs to the building and grounds

Grantchester Meadows Fund is for income and expenditure associated with maintaining Grantchester Meadows

page 30 of 32

CAMBRIDGE PAST, PRESENT & FUTURE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

21. OTHER RESERVES (continued)

Shelford and Stapleford Green Belt - Funds to protect the countryside on the southern fringe of Cambridge. The fundraising appeal is associated with a campaign to protect the countryside around the villages from being damaged by inappropriate development, for example from a proposed bus road from Babraham to the Cambridge Biomedical campus. Funds are for the campaign and to pay for independent experts to provide evidence for the less-damaging alternatives and to provide legal and professional advice.

Save the Coton Corridor - Public campaign to protect green space at Coton from Busway plans (Cambourne to Cambridge), including professional advice and public inquiries.

National Philanthropic Trust - Funds for specific projects or items, as specified by the donor.

A Wilder Coton funds are for the creation and aftercare of new habitats and associated infrastructure at Coton Countryside Reserve.

River Cam CAN funds are for a partnership project involving communities along the River Cam in a series of projects that reduce flooding, improve water quality, capture carbon and benefit nature. Project partners are Abbey People, Cambridge City Council, Climate Outreach, CoFarm Cambridge and Water Sensitive Cambridge.

22. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Restricted Funds Designated Funds Unrestricted Funds	Tangible Fixed Assets £ 33,014 1,321,066 - 1,354,080	Investments £ - 5,953,560 2,911,481 8,865,041	Net Assets £ 303,556 420,799 359,113 1,083,468	Total 2025 £ 336,570 7,695,425 3,270,594
				11,302,589

23. INCOME FROM SUBSIDIARIES

The income shown on the Statement of Financial Activities under the heading "Subsidiary company turnover" relates to income generated by The Cambridge Preservation Society Limited and Orchard Publishing Limited, these companies are controlled by Cambridge Past, Present and Future. Turnover is derived from running the car-park at Wandlebury and the rental of a property in Grantchester.

For the year ended 31 March 2025 The Cambridge Preservation Society Limited recorded income of £82,578 and costs of £14,532 resulting in a net profit of £68,046. A Deed of Covenant payment of £68,994 is deemed to have been distributed to the charity.

For the year ended 31 March 2025 Orchard Publishing Co Limited recorded income of, £17,211 and costs of £7,050, resulting in a net profit, of £10,161.

A Deed of Covenant payment of £10,161 is deemed to have been distributed to the charity.

24. RELATED PARTY TRANSACTIONS

The Charity has no ultimate controlling party. There were no related party transactions entered into during the year, other than transactions with trading subsidiaries.

page 31 of 32

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

CAMBRIDGE PAST, PRESENT & FUTURE

26. Statement of Financial Activities Detail for 2024

Income from:
Donations and legacies
Charitable activities:
Estates
Education and Awareness
Communication & Membership Services
Other trading activities:
Subsidiary company turnover
Investment income
Other Income
Total income
Expenditure on:
Raising funds:
Cost of generating voluntary income
Cost of events, book sales etc.
Investment management costs
Charitable activities:
Estates
Planning & Green Spaces Campaign
Education and Awareness
Communication & Membership Services
Other expenditure
Total expenditure
Unrealised (gains)/losses on investments
Realised gains on investments
Net income for the year
Transfers between funds:
Fixed Asset Reserve Fund
Strategic Property Investment Reserve
Leper Chapel & Barnwell Meadows Fund
Estate Improvement Fund
Restricted Fund Transfers
Net movement in funds
Net income/(expenditure) before transfers and
gains and losses on investments
Unrealised gains on investment properties

RESTRICTED
TOTAL
General
Designated
FUNDS
FUNDS
Fund
Funds
2024
£
£
£
£
144,723
-
205,101
349,824
226,099
-
-
226,099
18,930
-
-
18,930
75,929
-
-
75,929
104,385
-
-
104,385
157,957
-
-
157,957
668
-
166,731
167,399
728,691
-
371,832
1,100,523
24,161
-
-
24,161
13,776
-
-
13,776
-
-
-
-
359,114
4,171
206,270
569,555
44,271
-
11,417
55,688
54,150
-
-
54,150
115,125
-
-
115,125
-
-
170,931
170,931
610,597
4,171
388,618
1,003,386
(126,994)
-
-
(126,994)
182,575
182,575
88
-
-
88
173,763
(4,171)
(16,786)
152,806
-
-
-
(47,825)
47,825
-
-
271,994
(271,994)
-
-
-
-
-
(95,000)
95,000
(106,285)
106,285
-
-
196,647
(27,055)
(16,786)
152,806
UNRESTRICTED FUNDS
118,094
97,137
(16,786)
(4,171)

page 32 of 32

Cambridge Past, Present & Future

Board of Trustees Group Report & Financial Statements for the year ended March 31, 2025

REFERENCE & ADMINISTRATION INFORMATION

BOARD OF TRUSTEES:

CHIEF EXECUTIVE OFFICER: James Littlewood

SECRETARY AND REGISTERED OFFICE : Angela Shaw

STATUS:

COMPANY REGISTERED NUMBER: 0239835 (England) CHARITY REGISTERED NUMBER: 204121

BOARD OF

RESPONSIBILITIES

STRUCTURE, GOVERNANCE & MANAGEMENT

STAFF

VOLUNTEERS

Mission

OUR STRATEGIC OBJECTIVES:

ACTIVITIES & PUBLIC BENEFIT

ACHIEVEMENTS & PERFORMANCE 2024/25

PROTECTING GREATER CAMBRIDGE

Planning Watchdog

Cambridge water crisis

Transport

NATURE & GREEN SPACES

Wilder Coton

Cambridge Nature Network

Managing for nature and people

Partnership Working

HEALTH & WELLBEING

HERITAGE & HISTORIC BUILDINGS

Archaeology at Wandlebury

Maintaining Heritage

Heritage Watchdog

/Civic Quarter

Cambridge & District Blue Plaque Scheme

EDUCATION & EVENTS

COMMUNICATION & SUPPORT

ORGANISATIONAL RESOURCES

PLANS FOR FUTURE PERIODS

FINANCIAL REVIEW

Results for the year

Reserves Policy

Financial Position & Plans

Summary of Income and Expenditure 2024-25*

*Excludes partner expenditure.

Risk Statement

Grants, Donations & Legacies

Statement as to Disclosure of Information to Auditors

Appendix 1 CambridgePPF Committee Members during 2024-25

Finance Committee

Working Groups held during the year:

Planning & Development of Greater Cambridge

Heritage Watch Group

Cambridge & District Blue Plaques

CAMBRIDGE PAST, PRESENT & FUTURE REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS AND BOARD OF TRUSTEES OF CAMBRIDGE PAST, PRESENT & FUTURE

Basis for opinion

Conclusions relating to going concern

Other information

Opinions on other matters prescribed by the Companies Act 2006

Matters on which we are required to report by exception

Responsibilities of trustees

Auditor's responsibilities for the audit of the financial statements

Use of report

Registered number: 0239835 (England and Wales)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

CAMBRIDGE PAST, PRESENT & FUTURE

BALANCE SHEET AS AT 31 MARCH 2025

CAMBRIDGE PAST, PRESENT & FUTURE

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

1. ENTITY INFORMATION

2. STATEMENT OF ACCOUNTING POLICIES

(a) Accounting convention

(b) Going concern

(c) Basis of consolidation

( d) Income recognition

(e) Expenditure recognition

2. STATEMENT OF ACCOUNTING POLICIES (continued)

(g) Fixed assets

(i) Investments

distribution. (k) Companies Act 2006

(l) Pension