TRINITY tN CAMBERWELL FfNANCIAL STATEmE￿[s FOR THE YEAR ENDED 30TH JUNE 2024 COWTEWtS AND CHARIrY tNFORMATtON coKtENrs.. PAGE.. Keport of tbe Trustees Independent Examiners Report Statement of Financial Activittes B&lattce Sheet Statement of C&8h Flows Notes ￿ the Accounts 8- 13 TRUSTEESIDIREcfoRS'. Profe&wr M G Worgter Re￿d S Dawwll Revd A S(taL8S MTS C Sharpe COMPANY SECRETARY.. Revd J Summctx Ircsigtted 1715124) Revd A StrdUSS {app)illted 114124) COMPANY REGISTRATION NUMBFR: 01469830 CHARITY REGISTRATtON NLMBEIL. 279447 REGISTERED OFFICE. Trinity College Cambridge CB2 ITQ rNDEPENDEbrr EK4MtNERS.. lao W Shipley FCCA For al￿ otL beha]f OF. Pret]us & Co LLP Chartered Aceoutttauts and Irdependent ExamilletS 1150 Milknn Road Cattkbridge CB4 IAE BANKERS: Barcla￿ BankPk Sidlley Streer Cgjnbridge CB2 3PZ CAF Bank Ltd K5ti85 Hill Kent ME19 4JQ TIUNITY tN CAMBERWELL PAGE I FfNANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JLfNE 2024 TRUSTEES REPORT The trustees. who are also directors of the cimrity for the purposes of the Cornp8nies ACL pres¢ot their annual report together with the financial staterneftt5 of Trinitv Carnberwell for the year ended 30th June 2024. The firwirial 5tat¢ments comply with the Charities Act 201 l. the Companies Act 2006. the Memorandum and ArticlK of Association and Accounting and Reporting by Chariti¢S'. Stat¢ment of Recommended Pra¢ti¢e applicable tr) charities preparing their accounts in accordance wÉth the Financial Reporting StaThdard applicknle in the UK and Republic of Jreland (FRS 102) (effective 1st January 2019). Structurty goYernAnce management Governlttg document Trinity in Camberwell is a Company limtted by guarantee, the liability of each member ￿ing restrict&l to £1, The company was founded in 1979, is exempt from the requirement to use the word-limited", and is T¢gis¢¢r¢d as a charity. The Members of Council dLring the year have btt Professor M G Worst¢r Mr M Mitchell Revd S Dawson Revd J Summers (restgn¢d 114r24) Professor S P Baron￿￿en (resigned 114r24) Dr A S P Rae (resigned 20151241 Mrs C Sharpe (appointed 2015124) Revd A Strauss (appointed 114124) Ac¢ordiftg to the Articles of Associatio￿ members are required to retire by rot2tioll every three year5 &fter appointment and offer themselve5 for re-elecuon. Recruitment and appointment ofnew truste Council Members will be recntited from amongst the Fellowslup of Trinitv College, the Members otthe Parish of St George's Catnberwell alld other individuals with an interest in fLutherillg the al￿8 of thc charity. Appointment will be by the decision of the Council. New Covn¢il Metnbers will be given infom)ation about the aims of the charity and will receive trnining related to their responsibility from current or p&st collhmitfre m¢mb¢rs. REsk m&n&gement The trustees have assessed the ￿#JOr risk5 to w'hich the charity li e%tx)sed, in particular those related to the operations and finances of the charity, and are satisfied that systenLS are in place to mitigate ¢xp05ure to the major risks.. Objectiv¢$ and Activitie5 In Pl￿nIng our activities for the year, we kept in the Charity con￿]￿)0n,S guidance on public benefit at our trustee meetings. Trinity in C&mberwell promotes, assists and enc4)urages the advancement of education alld the r¢lief of need for the bet]efit orthe QOITllrnunity in the Parish of St George'5 Camberw¢iL and the neighbourhood theteof. The council ititend to ontinue and develop these activities. TRINrrY N CAMBERWELL PAGE 2 FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 TRUSTEES REPORT...JcoNrtNUED Afhlevements perfortnaDce The fin8￿Cial ststement5 for the JEar eudEd 30th ju[￿ 2024 include the activity of the Trinity College Cerytre. The aim of the Centre is to support t0￿U￿1ty activities arwl advance education. In meeting these aints, it strives to eDsure its faoilities are fully utilised by a variety of grow of IM)th children and adults. Use of the Cetttre has iDcrea5Bd evell furtber ovw the past ye#r following the reiDg iJ]come. Grant policy The charitymay provide wants to orgaDisation5 whose a¢livities support its objectives. The trustees will judge each request for a grant ou its merits. and any wt offered may depend on the ava]labi]ity of fi]nding from other Sowces. R¢serYes policy The ch￿lty has UDrestricted reserves of £4.499.895 (￿.136237.. 2023) of wbith £2,149,895 (£1,625,045: 2023) are not r¢pres¥nted byproperty or physical as￿5 so are c9115id¢red Yr¢¢'. The free reserves ￿e held in realisable c&sh geneEatitig ssets and tbe tn￿te¢s con5idEr holding reserves at this level is nece55ary to ljoth genernting a sufficiETrt income to maintain its yearly charithble activities aud providc for flucti]ations in xllcome. The res¢rv£s policy will be reviewed each year at a meeting of the Council. for tbe futhre The Centre ovu 40 y&lTS old, thc tmSttts still see a need for significant r¢furbtsbmenL alld tQ Teimagille its pwse giv¢n the changed md changing demogTaphy of th¢ are& Mucb has been leamed through the ae(ivities of the ConuThunity Engag¢Tllent MaJager, and we are actively discu&sing the fijture shape aod of the Centre. Pay pollcy for key per50nnel The tn￿teeS are considered to be key person￿1 of the tharity in ¢barg¢ of directsng aDd colltrolling the charity. Th¢ trustees give their titne freely alld no tn￿tte re¢eived retnuneration in the y￿. TRINITY IN CAMBERWELL PAGE 3 FINANCIAL STATEME.NI'S FOR THE YEAR ENDED 3(rrHJUNE 2024 TRUSTEES REPORT...JcowrtNUED TRUSTEE. REspofistBIL1￿S 8TATEMENr The Iwtees (who are also diredors ofTrinity iJLCamlwTrvell for the PUTPOW of company lawl are responsible for preparing the tLWStees' report and the finanLial statenynts in accordance ￿1th applicable law 8nd Unitcd Kingdorn Accounting statth￿ (UDit¢4 Kingdom Generally Aceepted AccouJrtin8 Prncti¢¢). Company al￿ clmrity lawTequires the trnstees to preptTE s(atemcnts for e4th finw)¢ial yeaT which give a trne and fdir vigw of the 5tytc ofaffairs of th¢ cbaTitsbl¢ company and of the incoming resijuices and applicaiion of r￿Ur¢￿A, including the I￿)me and expenditsj￿ of the charitable compatty for thatperiod. Inp[tpaTi￿s ttwe fknall¢ial statem￿ts. the tn]st¢e5 are required to.. Select suitsble accotintthg ryyhcieg and apply tbemconsistently. observe the methods and prirKiples in the Chatitieb SORP. ake judgeluellts estimatu that ar¢ rewDable gnd pnjdent. 5tste whether applicable UK a￿o￿nting standards have bttn followe¢ subject ts any mat¢ria] dcparttW¢5 di5¢10sed 2nd cxplained in th¢ fin8nciJl statements. prepart the fillaDcial state￿ents OD the goiD8 conwi b&8is unl¢ss it is in8ppropriate tsb presunK thatthe Charitsblo company will continu¢ in operntion. The tru8t¢e3 we resNTrnsibl¢ for keepino adequllte accowktiD8 fwFds that disclo* with reasonable accuracy &t anytime finanLi&I position ot'the char&table COM￿nY and Lnable them ￿ cn5ure that the fthancial stateTneDL8 eornply with th¢ Companies Act 2006. They ate &150 rtsponsJl)le for safeguarding the &55¢ts of the charitable company and hence for taking rcasonable steps for th¢ prnention and dcte¢lion of frawl and other irregularities. Th¢ trustees ai¢ rc9W)¥LsTrbl¢ for th¢ llMintell#Dc¢ and int¢grity of the charitable wmpany and financial infomiation i￿luded on the chan.￿8 wehsiie. In preparing thss report. the have taken advanlage of Ibe sn￿ll companies excmpliortg provided by section 415A ofthe Cornpanies Act 2006. This report was approved bythe tru3te¢5 OTh 2nd sisntd Dll their bL.haif, by.. PRofF.SSOR M G WORSTER TRUSI'LÈ TRtNtrY tN CAMBERNVELL PAGE4 FINANCtAL STATEMENfs FOR THE YEAR ENDED 30TH JUNE 2024 JNDEPENDEL¥T EL4MIN£R'S REPORT TO THE TRLSTEES OF TRL¥tTY IN CXMBERWTLL I report to the ¢harity LTUSte&8 OEL Tfly exattLiDatioll OL the accounts of the Charithle Con]pany for the year ended 30 June 2024, BISPONSIBILITES AND BAStS OF REPORT As the charitls ¢nk8tees of th¢ Charitable Q)n]p&ny (and also its di￿tOrS for the putposes of eompally law) you are responsible for the preparatlOlL Oi (he accounts in ac¢ordance with the requiretllents of the Companies Act 2006 ('the 2006 Act) Havsng satisfied myself that the ￿Counts of the Charitable Co]ry￿Y llot Yequircd to be audited ullder Part 16 of trLe 2006 Act and are eligtble for independent examllUAOffj I rewrt tn resp&*t of llLyexaLDillation of your charitys accO￿lS 88 ¢atTied out under section 145 of tlLe Cbarities Aet 2011 CtlLe 2011 Ace). la carryu)g out my ¢xaminlltion I bave followed tlLe Directions givell by tbe Chariry Commission under wtion 145(5)(b) of the 2011 ACL INDEPENDENf EXAMINERIS STATE_MENrs I have completed my eL￿Dinatio￿ I confirm that matters bave come to my attention in e01ll￿ti0tt with rbe examinatLOtI giving ffte cause to believe: l. accounting r￿ordS were not kept in of the Cbaritable Company ￿ required by 8ectton 386 of the 2006 Act. or 2. t￿e a￿Ou￿[S do not a-cord rE)05e records,. or 3. a¢couThis do not comply the accoutttiDg req￿ireMenlS af section 396 of the 2006 Act othr than anyrequirement that the accounts give a'ttue and fair view which is noi a rtmtter conSide￿d as p8rt of an ind¢peudent exa￿)ination., or 4. the a¢eouui8 have not been prepa￿1 itt a-cordance with the tnethoL- and principles of dLe Statement of Recommended Practice for accounting aud reportiDg bN charities (applicable to ¢iwities preparing the5r accounts in accordance with tke FiEaThcÈal Reporting Standard applicable in th.e ￿ and Repiibl..c of IreIand ffRS IQ21. I hapr no concerns and bave ceme atTOSS no other utatters in connectton with t1￿ examination to whicil attenuon should be drawm in thi8 report in order to enable a proper ullderswiding oFac¢ounts to be reached. IAli SHtPLEY FCCA FOR AND ON BEHALF OF: PRE￿Is & CO LLP CHARTERED ACCOUKtANTS & INDEPENDENT EXAMINERS 115c MiltollRoad Cambrtdge CB4 IXE TRINITY IN CAMBERWELL PAGE S FtNANCIAL STATEMENTS FOR THE YEAR ENDED 30TH IUNE 2024 STATEMENf OF FtNANCIAL AcfIviTIES Unrestricted Unrestricted Funds 2023 CURRE.NT YEAR Notes 2024 COMK Donations and legwies lrnve5tmellt income Charitable a¢tiviti-s 4,760 117,870 50,071 6,260 108,042 26,576 TOTAL INCOME 172.701 140,878 EXPENDITURE Raising funds Charitable activitie 2,128 136,172 1,918 103.8l2 TOTAL EXPENDETURE 138,300 105,730 NET SURPLUS IN FUNDS BEFORE GALYS AND LOSSES ON INVESTMENTS 34,401 329,257 35,148 466.729 Gain on revaluation of investmeTrt assets NET MOVE11￿ENr IN FUNDS Reconciliation of Fllnds Total funds brought fcinyard Total funds carried forward 363,658 501,877 4,136.2)7 3,634,360 4,499.895 4,136,237 The notes on pages 8 to 13 forni part of these )5nancial s(atemenrs. TRINITY rN CAMBIRWELL PAGE 6 FINANCtAL STA]'Efv￿NTs FOR THE. YEAR ENDED 3(yfH JUNE 2024 BALANCE SHEET 2024 2V23 FIXKD A&8KTS Tangible fixed assds Inv¢3tm¢nts io 1,136 4.355.605 4.356.741 1.591 4.026,348 4,027,939 TOTAL TrIXKD A&SETS CURRENT ASSETS Debtors Cash at bank 12 7.041 156,616 163.657 7,377 109.493 116.870 TOTAL CIIRRENT ASSEI'S CREDI'I'ORS: amouDts fa]liDg du¢ within one year NET CIJRRENT ASSET$ 13 20J03 8,572 143.l54 4.499.895 108.298 TOTAL ASSETS LESS CIIRREKf LIABILJTILS 4,136.237 THE FUNDS OF THE CHAIUTY Unre8tricte(I tn¢on* funds 14 4.499.895 4.136.237 TOTAL CHARITY FUTrIDS 4.499.895 4,136.237 Thc directOTS consid¢rthai the company is entitled to exen]ptioll fiDrn the requiremm)t to havl an audit und¢r the provision5 of S¢ction 47711 l of the Cotnp2tMes Act 2006. Nlembers have noi requi￿] the companyunder Section 476 of tb¢ Companies Act 2006, to obtain an audii for the year ended 30th June ry024. The directOT5 acknowl¢dge their respons17Jilities foi ensuring that the company keeps accountins rwords which L￿mplY with Seciion 386 and 387 of tbe Colnpawes Act 2006 alsd for p￿Varing financial slaternents which gI￿t a true and fair view of the state of aff￿r$ of the conwy as at 30th 2024 and of its 8urpliii for the ytsr then ended in aC￿OrdanCe with the requiremeDL% of SeL'tion 396 atLd wlll.ch otherwige comply with the rquircments oftlLe Act ttlating 10 the finsncial sthtements as far as applicable Lo the cornpthy. The finIt￿lIa1 staternents, which ha￿t PTcpaTcd in aLcordanco i¥'ith the Sp￿la] pro>isions Telating to the LOTnpanics subject to the sm211 wmpanies Tegi¥ne within Part 15 of the Companics Aet 21M)6. ￿er¢ approved by the IKiard on tsnd signed its behalf. PROFESSOR M G WORSTER TRusfEE The ttotes on pu8es 8 kn 13 fomi part of these fllmncial slateTneuts. PAGE 7 FtNANCIAL STATEMFUS FOR THE YEAR ENDED 30TH ILfNE 2024 STATEMENf OF CASH FLOWS 2024 2023 Notes Cash used In operating ietlvlties 16 170,747) {76.259) Clsh floFY5 from Inve5ttng acti￿tieS Intere8L dividetLds and rettts r￿et￿ed Purelwe of investn￿ts Purchase fLKed assets 117,870 108,042 Net cash provided by Investfng aetiTrltie5 117,870 108,042 Change in cash alld eash equlTraiellts Ill the year C85h Y4nd eash equivaleDts brollgllt forjyard Cllsh and c&sh equlvalents carried forward 47,123 109,493 156,616 31,783 77,710 109,493 TRfNITY IN C>MBERWELL PAGE 8 FtNANCtAL sTATEm￿s FOR THE Y&4R ENDED 30TH JUNE 2024 NOTES TO THE FINANCIAL STATEMENrs ACCOUP4mG POLICIES 1.1 Ba518 of pt¢pttr&tlon of floan¢AAI st*t¢ments The financial 5tarenMts bake beell prepared in accordallce with Aecoulltll￿ and Reporting by Clwitieg.. Statemellt of reco￿￿ended p￿tice wlicabL¢ to ¢lwities pr¢parillg their accounts in accordance the Financial Reporting Standard appticable in the UK and Republic of Ireland, (FRS 102) ffffective l January 2019)- ICb&rities SORP (FRS 10?)), the Filla￿-la[ ReEX)rtillg Stath applicable in the L.X aod Republtc of trelaod (FRS 1021 atkd th¢ Cornpant¢s Act 2006. Trinity ill Cambenvell the defitLitiOll of a publi¢ b¢u¢fit ¢Trtity uDder FRS 102. Assets and liabilitie8 are initially rwognised at historical cost or transaction value Unless Otherwe ststed in the relevant poltcy note. 1.2 Fund accounting Gen¢r&l funds Are unrestricted fjmds tMiieh are available for tt tbe discretion of the tn￿tee8 in fi￿berallce of tke getLerdl objectrives of the compaov and whi-h have nor beery desigllatrA for otlLer purposes. Designated funds compriye unrestrtcted fithd5 Èbat h&ve been set aside by the tntstees for particular pu￿05¢8, The aim and use of each d-sigllaied fund ss sei cut tn the notes to rhe finsn¢ial 5tateukents. Restricted fjJnd5 are fiirtds which are to be ￿Sed ill a¢w-dgnc¢ specific restiictions inwsed by donors which have been raised by the cornpaDy for particutar purposes. The costs of raising and administering S￿¢￿ ￿lld5 are charged against the specific fi￿d. The ai]n and u8e of e&ch restricted fi]ud is Set tsut ill the notes 10 tbe f￿￿0181 swements. Invest￿ettt sn¢oll￿, gains and losses are all￿ated to the appropriate l.3 Income Re¢ogllition AiL income is recL¥gnised in the statement of fsnancial actifvities the COLllpany is tegally entitled to the in¢orll¢ the ar￿￿￿t Gan be quantified with r¢asonabl¢ a￿u￿Y. 1.4 Expendlture Recognition Ail exp¢ndityre 15 &ccouared for on &n acuuals basi5 and has been in¢luded uDder expetK9e categories that agBregate all costs for allocation ￿ activities. Where Costs cannot be directly attributed to particular activiti¢S they knv¢ b¢en &ll¢Mted on a ba8is consist¢4t with the u8e of the resour¢¢s. Raisillg iucludes all &Ypeuditute illcurred by the charity to raise fiukds for its charitsble Purposes. Tht5 illcludes investmenr mauagemeut Costs which iticludes Costs of propthy repairs and rDaintena]Lce cbarges. Govern￿Ce costs are *those iticurred in Cowtion with &thninistrdtion of tlle company and Cornplia￿e with consiimtiond and statsttory requirements. Grants payable ar¢ ¢hargtti th¢ year ￿ts¢n the offer is nwle excepi ill those cases where the offer is conditional. such grattts being ￿0g￿l)ed as eXpendi￿￿E when the collth"tiots attaching are fulfilled. Grants offered subject to conditions thich ha￿ noi b￿n mei at the year end are ]￿t¢d Ls & con)mitment, but not accrued as expenditure. 1.5 Tanglble fixed assets depre