Reglstered number.. 01466716 Charity numbgr.. 279697 Frlends of Peterhou8e UNAUDITED ACCOUNTS FOR THE YEAR ENDED 3010912024
Frfends of Peterhouse FINANCIAL STATEMENTS FOR THE YEAR ENDED 3010912024 TRUSTEES ECNeve CCBDuftett M D Holmes D C Jeffreys I PeteTS Ir&signed 17110124) Slr Paul Morgan Rev Dr SWP Hampton E Kling QQQuan ZA Lescrooge A C Abrahams H A Thornley P Vannlna REGISTERED OFFICE Flr81 Floor 4 Princes Slreel Hunlingdon Cambridg&shlre PE29 3PA COMPANY NUMBER 01468716 CHARITY NUMBER 279897 INDEPENDENT EXAMINER Fielj SUllan Ltd 9 Hare & Billet Blackhealh London SE3 ORB page 1
Frlend8 of Potèrhous• ACCOUNTS FOR THE YEAR ENDED 3010912024 CONTENTS P8g& Report of the Tru81ees Indep8nd8111 Examingrfs Slatemonl Sialemenl ol Financial AclNilies Balance Sheet Nolos to the AcrLsunls 91013 Delaile(I Statement of Fln8n¢lal Actlvlllgs 12 paga 2
Frlonds of Petsrhouy• FOR THE YEAR ENDED 3010912024 TRUSTEES. REPORT REPORT Th& Iruslees present their Teptsrt and the financlal slalements for the year end 30 Seplemb8r 2024. This Is 8 directors, report required by s417 of thè Companies Act 2008 and all trustees are directois. Th& financial statements eomply with current $talulory requi¥ements the Tequir6m8nls of the Mèmorandum & Arttd&s of A&80ciallon. GRANTMAKING All grants are m8¢Je at the dlscretlon of the Council for the benefit of the College and its members. When 811ocaling flsnds, th9 Council gives due welghl lo any suggestion5 made by Ihg College as lo appropriate subjects for assistan¢e. The Iruslees confim) Ihal they havo rèferred to the guidance conlalned In the Charity Commi55ion's gen6r81 guidance on public ben8fil when reviewing th8 charity's objeclnies and activities and In the planning of future adivltlo$.11 is the judgem8nl of the Ifuslees that aclivities in pu13U11 01 tha above objectNes fully meet the public benefit test, whi¢h they have kÈpl in mind in planning progiammes for th8 Charity. In doliveiing services and In the 8ppoinlm&nl of Irustaos the charity op9r8te8 a strict policy of no discrirpinalion on any 9rounds. ACHIEVEMENT AND PERFORMANCE Charitable aetwilies During the yaar the Council conllnued lo rece& Support from the member8 of the Frl8nd8 and fiom olh8rs a550cialed wllh Pel&rhouse. The maln grants during Ihe y•8r were £15,929 for sludenl hardshlp and £48,722 toward8 the cost of a collego counsellor and a mental he811h adviser. Invè81menl pertormance The Charity's lunds are managed by the Charills Inve61m8nl and Finance Cotnmittee which is dlaired by Jenny Quan and also includes the Chaimian. tha Honorary Treasurer, Ashley Abraham and Christ0pr Duffett, the malority of whom have either had Successful careers in Finance or ar8 currently actlve In investment mBrkots. The active managernent of th8 General Fund is underiaken by Evelyn Partner8 whose performance is regular5y r8viewed by tha above Committee.The Charily invest8 Ils General Fund in equili85 and ils Medieal Fun¢J in other lund$ specifically designed for charities. Gains of £308,81612023: £179,313) were made during the year. Incorne received from investments amounted lo £49,70412023.' £56.0721. FINANCIAL REVIEW Reserves poIIcy It is thè policy of the Council lo contlnuo lo build up lh& ¢8pilal of the Char6ty for the longer lemi benafit of Pelerhou56 whlle also providing mor& irnmediale support for the cuent educational and other charltable aclivilies of th8 College. As A general principle il is the policy to Spend each year up to 4% of the accumulated general fund 8nd up to 101YA of general donation8 received. The reserves 81 30 Septomber 2024 werè £2,429,640 and £144.263 lor the General and Medical Ftsnds respectlvety (2023.. £2.171.579 and £156.186 r98peclwetyl. page 3
Friends of Petethouse FOR THE YEAR ENDED 3010912024 TRUSTEES. REPORT STRUCTURE GOVERNANCE AND MANAGEMENT The charity is controlled by ils governing document, the Memorandum and Articles of AssocAalion as 8dopl¥d on 8 Juty 1995, and conslilules a limited company, limited by guarantee. as defined by the Companlè8 A¢1 2006. Recruilm8nt and appointment of new trusl&g$ The Articles of A830cialion provide that Ihe affairs of the cha¥ity 8r8 lo bo managed by ils Council of Management, and that th8 m&mb8rs of the Council 8hall not be188s than 8 OT more Ihan 16 in number. The Arlicles also provide that members of the Council musl b8 membèrs of Ihe Assoclalion, and shall be elected either by the members of the Association in General Meeting or by the Council. Al each Annual General Meeting one third of thg mtrmbgrs of the Council are required lo Telire from office by rotth'on, but are eligible for -¢leCtIon. Th8 Counc51 may appoint someone lo be membar Of th8 Council, 811her lo ffi118 casual vacancy OT as an addition lo the existing membership, and anyon8 so appolnlad holdg office only until the next Annual General Meeting. bul ¢8 ellglble for ie-electlon. Members of the Council are selected so as to ensure fair representatlon of its delse membership and th9 av8llablllty Its tho Council ol a range of skills most suited to achigving thè èfficiènt functioning of the As$ocialion'$ deliberations and affairs. Risk management the Irusle88 have a duty to identify and review the Tisk6 to whtch the charity is exposed and lo ensure approprlate controls are In place to provide feasonablo assuranc• against Iroud and 8rror. PRINCIPAL ACTMTIES The piincipal adivity of the chaiity in th8 year under review wa$ the advancement of the educational and other charrtable work of Pelerhouse in the Universlty of Cambridge. The Charity's acllvllies are cenlred on ¥ludenl wellbelng. includbng a particulaT focus on supporting mental health and on enabling inclusion and aCss. Th8 report was prapar8d Sn accord8nca wllh Iho $p8clal provi5iDnB within Part 15 of the Companies Act 2006 relating to small companies. Approvgd by the board of Iruslees on.....................................and signed on ils behalf by.. E Kreling Trustee page 4
Friend¥ of Petèrhou8e INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 3010912024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF PETERHOUSE l port to the charity Iruslees Ivtho are also Directors lor the purpose of company lawl on my oxarninalion of the aecounls ol the accoun18 01 the Fr18nds of Pelerhousg f the charitable comp8ny'l for the y&ar ended 30 Septembèr 2024 which comprlse thè Slalemenl of Financial Activitiès, the Balance Shaal and related notes. This report is made solely lo tha charitys Iruslees. as a body, in accordance wlth seclson 145 of the Ch8rllie8 Act 2011. My work h85 baen undertaken so that l rnighl state to the charitys trustees Ihose matt8TS l am required to state lo Ihern In this report and for no olheT purpose. To Ihe fullest èxtent permthed by law. I do nol accept or assumè rèspor[bllSlY lo anyone olhtrr than the charity and thè ¢haritys trustees Bs 8 body, for my work, or tho opinions I have formed. RESPONSIBILMES AND BASIS OF REPORT As lh8 charitys Irusl8es of the Comp8ny land also its dlr&ctoryJ for the purposes of company lawl you ar& rèsponsible for the proparallon of the aceounls In accordance wilh thè requirements of the Companres Act 20061'lhe 2006 A¢t'). Having satisfied my$ell that the accounts of the Company ar& not f¥quired lo be audilgd under Part 16 of the 2008 Act and are eligible for independ8nl examination. I report In respect of my examinallon of your charity's accounts a5 rarried out under Sedion 145 ol thè Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examination I hava folk)wed the Direcllons glven by the Charity Commlsslon under Sectlon 145151 (bl of the 2011 Act. An independenl examination does not includ8 g8lheFing all evidence that would be required in an audlt aNI consequently does not ctsr all Ihe matters that an auditor considers in giving Ihelr oplnion on the financial slal¢mènls. The planning and conduct of an audit 9098 beyond the limited Assur8nce that an independent èxamination can provide. Consequently l express no oplnion as to whether thè finanaal slalemenls pre$onl a 'lruo and fair, view ond my report 18 Ilmrted lo those sp8¢rf matters sel out in the ndependenl examin6rfs sl818menl, INDEPENDENT EXAMINERS STATEMENT I have completed my examin81Ion. I wnfirm that no mattèrs have come lo my attenllon In ¢r)nneclion wilh the examlnafjon giving rn8 cause lo b8118v8'. - accounting records wère not kgpl in respect of Ihg Compar)y as required by Sa¢tion 386 of the 2(K)6 Act.. or 2. the accounts do not accord with Ihusg records: or 3. the aceounts do not comply with th8 acwunling requiremfynls of Section 396 of th& 2006 Acl other Ihan any requlrgmonl that the accounts glve a Irue and fair viéw which is not o matter considered as part of independent examinal(on,' OT 4. the accounts hava not been prepared in aecordance wilh Ihe mathods and principles of tha Statement of Recomm&nd&d Practice for aceounling and reporting by charities (applicablfy lo ¢harilies preparing Ihelr accounls in accord&nca wilh the Financial Raptsrtlng Standard appllcable In the UK and Republic of Ireland {FRS 102)). pag8 5
Frlgnd¥ of Pgtgrhoustr INJEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 3010912024 I hava no concarns and have come across no other matters in conne¢llon wlth tha examination lo which attention should be drawn In thls r8POrt In Order lo enable a proper U19r$tsnl f lh& accounts to be reached. Tim Sullan FCA Fiekl Sullivan Ltd 9 Hare & Billet Blackheath London SE3 ORB Dale.. page 6
Friends of Petèrhousg statement of Flnancial Actlvltl•8 for tho yèar •nded 3010912024 2024 2Q23 UnrgBtrlcted R•strlctgd funds fund5 Total Tot Income Income from generaled lunds Donations and leg8cl0s Income from Inveslm8nls Total Incorne and end4)vffli¢nts Exp•nges Cos15 of generating funds Exp8ndilure on Ralstsd lund8 Expenditur¢ on Charilable activllies Total Expènses 11,686 41,404 53,090 11,686 49,704 61,390 6, 726 56,073 62,799 8.300 8,300 17,132 79.550 96,682 17.132 106,936 124.068 9,021 139,007 148,028 27,388 27,386 Net IncomèllExpendlturel 143,5921 {19.0861 162,6781 (85.229) Inveslrnant gain$ 301,853 7.163 308.816 179,313 Net movement In funds: Nèt income for thè year Tol81 funds broughl forward Net funds carried forward 258,061 2.171.579 2,429,640 111,9231 246.13B 94,084 156,186 2,327,765 2.233,681 144,263 2,573,903 2,327,765 Thls 81alement of financial activities in¢lude8 all gains and losse5 racognised in the y&ar. All income and expenditure derive from continuing activitlès page 7
Frlonds of Pet•rhou8e BALANCE SHEET AT 3010912024 2024 2023 Not•s FIXED ASSETS Inve8lments 2,483.677 2,232.908 CURRENT ASSETS Debtors lamounls falling due wlthln one yoarl Cash al bank and in hand 2,019 199,281 201,300 111.074 4, 184 233,428 237,612 142. 155 CREDITORS.. Amounts falllng due wlthln on• year NETCURRENT ASSETS TOTAL ASSETS LESS CURRENT LIA81LmES 90.226 2,573,903 94,857 2,327, 765 CAPITAL AND RESERVES Unr•#tricted funds Genèr81 fund Restrictod fund8 2.429.640 144.263 2.573,903 2.171.579 156, 186 2,327,765 For the year ending 3010912024 the company was &nlltled to exempllon undpr secllon 477 of the Companie$ A¢t 2006 relating to small compèniey. The m8mb8rs have not fequlréd the company to oblaln gn audit in accordgn¢& with section 476 01 the Companies Act 20(hS. The direclors acknowledge their ffjSPDn8ibllillè8 for complying wtth the requirements of the Act with r&sp8¢t to accounting rocord8 and the preparation ol accoun15. These accounts have been prepared In Bc¢or(lance wilh the provl$lon8 applicable to companie5 subl8ct lo the small comp8nle$ Tegime. Approved by the board of trust8e¥ on.17..:3::..Yand signed on thelr behalf by E Kreling Tru$lee qe D C Jeffieys Trusteè page 8
Frignds of Petsrhous8 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3010912024 1. ACCOUNTING POLICIES 1a. Basls Of Aecountlng The accounts have been prepared under the historical c081 convention. The accounts have been prepared in accordance wilh FRS102- The Financlal Réporting Standard applicable In th& UK and Rapublic of Ireland and the Compan188 Act 2006 and the requirements of the Slalemenl ol Rewmmended PrActice, Accounting and Reporting by Chariliè$. 1b. Ineomlng Resources All incoming re50urc88 are Included on the Slalernenl of Flnanclal ALtfvilies when the charity Is leg811y enlKled to Income and the amount b8 quanlffled with reasonablè accurBcy. 1c. Resources Expgnded Expèndituiè is accounted for on an accruals basis and ha6 been classffied under headings that aggregale all cosl r8laled lo the category. Where costs cannot be directly allribuled to parliculpr hgading5 Ihey havg begn ollocg18d to acllvitias on a basis consislenl with thè us8 of résouT(*S. Id. Allocation And Apportlonm•nt Of Costs All cost5 relole lo the single actsvity of the charitable company and are recogn18ed accordlngly. 19. Fund Ac¢ounting UnstriC1ed lunds can be used in occordance with the charitable objectives at the discreltsjn of the Iruslees. Rostrlcted funds can only be used lor parts'cular $tricted purpose8 within the objects of the charty. Reslrictlons ar188 when 8pecified by Ihe donor or when funds are raised lor pariicular reslricied purposes. D9$1gnalgd fund$ aro fund5 sel asidg by the Iruslees out of unroslricled genoral funds for Ihe specific fulure pufposes or projects. 1f. Inv•gtmèntg Inveslments are shown in the Balance Sheet al their market value al Ihe Balance Sheet date. All gairbsllosses on valuation are laken to the Slatement of Flnancial Aclivitles. page 9
Frlends of Pet•thou80 2. EMPLOYEÉS 2024 2023 Average numb8rof emFloyees 3. FINANCIAL ASSETS Listed Investments Total Cost At 0111012023 2.232,908 15B,0471 308,818 2 483 677 2.232,908 158.0471 308,816 67 DisrM)sals Rev8lu81ion At 3010912024 Amortlsation Net Book Amounts At 3010912024 A¢ 3010912023 2,483.677 2,232.908 2,483,677 2.232,908 4. DEBTORS 2024 2023 Amounts falllng du8 within ona y68r. Olh8r debtors 2,019 4,184 4.184 5. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 other ¢r8dltors 111,074 111,074 142,155 142,755 pag& 10
Frlends of PÉterhouso 6. LIMITED BY GUARANTEE The company is1Smited by guarantee and d08S not have a share capilal. Each rneMb gives a guarantee to contribute a surn not exceeding £1, to the company should it b8 wound up. 7. UNRESTRICTED FUNOS Brought In¢omlng Outgoln9 Investment forward resources rè$our¢85 Galns £ 301,653 2,429,640 301.653 2,429,640 Carrlèd forward General knd 2,17Y,579 2,171.579 53,090 53,090 186.6821 196.6821 UNRESTRICTED FUNDS COMPARATIVE Brought Incomlng Outgo5ng Investment fonvard ro$ources r8sour¢es Galn$ £ 171,934 2,171,579 171,934 2,171,579 Carrlad fowrd Genersl fund 2,044, 2,044.062 52,255 52.2S5 196,6721 (96.6721 8. RESTRICTED FUNDS Brought Incoming Outgolng Investment Carrled forward IOurceS resourcé$ fon¥ard G81n$ £ 7 163 144 263 7,183 144,263 Medical FuThl 156,186 8,300 127,3861 RESTRICTED FUNDS COMPARATIVE Brouyht Incomlng Ou¢9olng Investment Carrtod lorward r8source$ rosources forward Gains £ 7 379 156 186 7,379 156,186 MedScal Fund 189,619 10,544 151,3561 Medlcal Fund The reslricled fund is d8dicated ltt suwrting research Inlo bl-polar and oth8r mental health condltions In ad4Jlts and adolescents P8ge11
Frl¢rtds of Peterhouse 9. ANALYSIS OF GROUP NET ASSETS 8ETWEEN FUNDS General Fund £'ooo 2,484 57 Restrlct8d Funds Total £'ooo £'ooo 2,484 201 Inv88lrnent Curr8nt assets Curr8nt liablliti8S Total 144 {2,4301 144 2,574 ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS COMPARATIVE General Fund £'ooo 2,233 82 11431 12,172 Restricted Funds Total £'ooo £'ooo 2.233 238 11431 2.328 Investrnent Current assets Current Ilabilities Total 156 10. RELATED PARTY TRANSACTIONS Ther6 wer8 no relat8d party tran5aclion8 for the year ended 30 Septemb8r 2024. pagè 12
Frlond$ of Petsrhou8e In¢omlng Resource5 for the ye8r ended 3010912024 2024 2023 In¢omlng re8our¢e5 Incomlng rgsource$ from generated funds Grants R8currfng dcnalions Non-r8curring donallon5 Legaci8S 5,406 1,280 5,000 5,293 7,433 11,686 6, 726 11,686 Investment Incomo Oividends (Genl DidendS Imodl In¢erast r1Ved 6, T26 33.947 8,300 7,457 40,7T7 10.544 4, 752 49,704 56,073 49,704 61,390 56.073 62, 799 pago 13