Registered number.. 014ffi716 Charity number.. 2797 Friends of Pgterhou50 UNAUDITED ACCOUNTS FOR THE YEAR ENDED 3010912025
Frlends of Peterhouse FINANCIAL STATEMENTS FOR THE YEAR ENDED 3010912026 TRUSTEES ECNeve CCBDuffett M D Holmes D C Jeffreys I Peters (resigned 17110r24) Sir Paul Morgan Rev Dr SWP Hampton E KrelirrfJ QQQuan ZA Lescrooge A C Abrahams H A Thomley P Vanninen IreswJned 1711012• REGISTERED OFFICE First Floor 4 Princes Streei Hunthngdon Carnbridgeshire PE29 3PA COMPANY NUMBER 01466716 CHARITY NUMBER 279697 ACCOUNTANTS Field Sullivan Ltd Chartered Accountants 9 Hare & Billet Road Blackhealh London SE30RB page 1
Friends of Peterhouse ACCOUNTS FOR THE YE4R ENDeD 3010912025 COMTENTS Page Report ofthe TvJstees IndeFendent Examinerfs Statement Statement of Financkql Acbvib"es Balance Sheet Notes to the Aunts 9t013 Detsiled Statement of Finanoal AclNiti"8s 12 Page 2
Friends of Pgtethouse FOR THE YEAR ENDED 3010912025 TRUSTEES. REPORT REPORT The tnJstee5 presenttheir report and the finanual statements forthe ye8rendeil 30 September 2025. This 15 a directors. report required by s417 of the Companies Act 2006 and all ttuslee$ are direclors. The financial slalemenls Gomply wilh eurrent statutory requirèments and the rÈquirÈments of the Memorandurn & Artides of Asso¢i8tion. GRANTPJIAKING I grants are made at the discxetion of the Council for the benefit of the College and its members. Vvhen alb¢8ting funds the Counal gives due weight to any suggest*)ns made by the Cdle9e as to appropriate subjects for assistance. The trustees confimi that Ihey have referied to the guidance contained in the Charity Commission's general guidance on publ beneffil vthen revithng the charity's objectives and activities and in the plannin9 of fLrtur& 8¢tivities. It is the judgement of the trustees that activities in pursuit of the above objectives fully meet the public benefit test, whh they have kept in mind Wi planniig prcgramme8 for the charity. In delivering services and in Ihe appntment of Ifuslees the charity operates a strict policy of no discrimw)atK)n on any grounds. ACHIEVEMENT AND PERFORMANCE Charrtable actiwtses During Ih&yèar the Council continLEd lo recfft support from the members oflhe Friends and Irom olhets assotialed with Peterhouse. The main grants awarded during the year continued to lurther our focus on studenl wellbeing. Th8$8 included grants lolaling £14,933 to support sludenl hardship and inclusion, as well as to facilitate activities which prornote student eng2gemenl. 8uch 88 yoga and sludent dinners. They also induded £45,517 towards ihe cost of 8 college counsellor and mental health advisor, continuing our 5UPPOrt for student ment81 health. Our grants continue lo be responswe to student need. adapting theirfocus based on regular consultation with the College faculty aThJ student body lo identify new needs and ensure past oranls have resulted in po$ib"vè change. Investment perf0mlae The ChariVs funds are man8g9d by the Charitys Inveslmenl and Financé Committeewhich is chaired by Jenny Quan and 81so indudes the Chaimian, the Honorary Treasurer, Ashley Abraham and Christopher Duffett, the fnajoiily of whom have either had SUCGesslul careers in Finance or are currenuy actnie in investment markets. The active management of the General Fund is undertaken by Evelyn Partners whose perfoThance is regulady reviewed by Ihe above Comtnittee. The Charity invests its General Fund in equities and its Medical Fund in other funds $pecific8lly designed for tharities. Gains of £123,357 (2024. £308,816) were rnade during yèar. Inco iéceived frctyn investments amounled lo £45,68412024". £49,704>. FINANCIAL REVIEW Reserves policy 11 is thé policy of thè Council to continue lo build up the capital of the Charity for the longer temi benefit of Petethouse while also providing more immediate support for the ¢utrent educational and other chantable acts'vilie5 of Ihe College. As a general yineiplè it is the poli¢y lo spend eaej) year up to 49A ol the aumUlated general fund 8nd up to 1000/0 of general donations reGeive<l. page 3
Frlonds of Peterhouse FOR THE YEAR ENDED 3010912025 TRUSTEES. REPORT The reserves at 30 September 2025 were £2,494,336 and £143,459 lor the G8neral and Medical Funds respedivety 12024.. £2,429,640 and £144.263 respe¢lively). STRUCTURE GOVERNANCE AND MANAGEMENT Thè charity is controlled by ils goveming document, Ihe Memorandum and Articles of Association as adoptsd on 8 July 1995, and constitutes a limrted company, limited by guarantee. as defined by the Companies Act 20(6. Recruilment and appowitrnent of new InBtees The ArtleS ofAssociation piovidethal the affairs ofthe ¢harity are to be ffl8naged by its Council of Management, and th81 the members of the Council shall not be less than 8 or more than 16 in number. The Artides also prov*Ye that members of the Council must be members oflhe Association, and shall be elected either bythe members of the Assooialion in General lrteeting or by the Council. Al ea¢h Annual General Meeting one third of the members of the Council are required to retire from office by rotation. but 8re eligible for r&election. The Council may appoinl someone to be a member of the Council, either lo fill a casual vacancy or as an addition lo the existing membership, and anyone so appointed holds offjce only until Ihe next Annual Gener81 Meeting, but is éligible for re-election. Members of the Cwnal are selectèd so as to ènsure fair representation of its diverse membership and the availability to the COU11 of a range of skills most suiled to achieving the effri8nt lun¢tioning of the Association's deliberations and affairs. Risk managemonl the trustees have a duty to idèntify and review the risks to which the charity is exposed and to ensure appropriate controls are in pla to provide asonable assurance against Iraud and error. PRINCIPAL ACTIVITIES The principal activty of the charity in the year under review was the advancement of the educational and other charitable work of Peterhouse in the University of Cambridge. The charity's spe¢fi¢ 8etivities are demand led, guided by regular consuttation with the College, and thus can vary year on year. Sludent wellbeing, including a partifjular locus on supporting mènt81 hèalth and on enabling indusion and access, have constituted a Signifint portion of our work to date. The report was prepared in accordance with the spal pr¢visions within Part 15 01 the Companies Act 2006. Approved by the board of ITUStees on. .and slgned on its b8h81f by.. E Kreling TDJstee page 4
Friends ol Peterhouse INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 3010912025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF PETERHOUSE I report to the charity trustees Iwho are also Directors for the purpose of company 18w} on ffly examination of the accounts of th8 accx)unts ofth¢ Friends of Peterhouse I'the chaiitsble companyl lor the year ended 30 September 2024 whth compnse the Staternenl ol Financial A¢tivitiÈs. the B8lance Sheet and related notes. This report is made solely to the charity's Ifustees, as a bolty. in accordan¢e with sedion 145 of the Charities kn12011. My work has been undertaken so that I might slate to tt)è eharrtys trustees those matters l am required to state to them in thi5 report and for no other purpose. To the ftjllest extent permitted by law, I do not accept or assume responsibility lo anyone other than the charity and thè charity's trustees as a body, for my work, or the opinions I hav8 fomied. RESPONSIBILITIES AND BASIS OF REPORT Asthe charitys Irusiees of the Company land aLso its direttrjrs forthè purKKJses of company lawl you are responsible for the pparatIon of the accounts in accordance with the reqU1ments ofthe Companies Act 2006 Cthe 20C6 Acl'l. Having satisfied myseK that the ac£ounts of thè Company are rtol required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my èxamination of your charity's accounts as Carried out under Section 145 of the Cttarities Act 2011 fthe 2011 ACVI. In carying out my exawlnation I havè fdlowed the Directiws given by Ihe Charity Commission under Seclion 145151 {bl of the 2011 Act. An independent exarnination does not indude gathering all evidence that would bè requirad in an audit and consequently does not cover all the rnatters ihal an auditor considers in giving their opinion on the financAal $18lements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion as to whether the financial statements present 8'lrue and fairf view and my report is linmted to those specific mattèrs set out in the independent examinerfs 8tstement. INDEPENOENT EXAMINERS STATEMENT I have COMpted my examinalioii. l ¢onfiitn that M matters have come lo my altethn in Connection with tha 8xamination giving rne Use lo believe". 1. 8ccounting r&cords were not kepl in respect of the Company as requir by selOn 386 oflhe 2QKJ6 Ad,. ot 2. thè accounts do not accord wNh those records., or 3. the attounts do not o?mply with the accountiThJ requirements of SeclK)n 396 01 the 2C(6 Act other than any qUirement that the $nIS give a true and fair view whth 1$ not a matter considered as part of an indepèndent examination.. or 4. the accounts have noi been prepared in accordance with the methods and princie$ of Ihe Staternent of Recommended Practice for accounting and reporting by ¢h8rilies (applicab to charilies preparing their aco)unts in attordance with Ihe FinanGial Rep¢)rting StandaTd appliGable in the UK and Republ ol Ireland IFRS 102)). page 5
Frlends of Peterhouse INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDEO 3010912025 I have no concems and have come across no other matters in connection wilh the exarninalK>n to which attention should be drawn in this report in order to enable a proper unde nding of the a¢¢ounts to be reached. TKM Sullivan FCA Field Sullivan Ltd 9 Hare 8 Billet BlarJ(heath London SE3 ORB Dat8.. page 6
Frlends of Peterhoug• Statementof Fin•n¢lal Activities for thg year ended 3010912025 2025 2024 Unrestrlcted Restrithd fa8 fvnds Total Total Income Inrome from generated funds Donations 8rK1189acS Income from Investhents Totsl Incom• and èndov4Thents Expen$os Costs of generating funds Expenditureon Raiseil funds Expenditure Charrtable activities Total Expenses Nèt galns on Investments Net Income 14,760 37,327 52.087 14,780 45,684 11,686 49, 704 67,390 8,357 8,357 17.416 84,284 101.700 17,416 102,492 119,908 17,132 106,936 124,068 18,208 18,208 149.6131 19,8511 159,4641 (62,678) Gainslllossesl on revalualion of fed assets 114,309 9.047 123,3 308,816 Ngt mov8ment In funds: N•t Income for the year Total funds brought foad Net funds carried forward {8041 63.892 246, 138 144,263 2,573.903 3,327.765 143,459 2,637,795 2.573,903 2.429.640 2.494,336 This slalemenl of finanoal activities indudes all gains and losses recognised in the year. A11 income and expenditure derive from Continving adivities page 7
Frlends of PeterhouBe BALANCE SHEET AT 3010912025 2025 2024 Nates FIXED ASSErs Investments 2,476,015 2,483.677 CURRENT ASSETS Debtors lamounts falling due wrthin one yèafl Ca8h at bank and in ha 4,348 263,954 268,302 108,522 2,019 199.281 201.300 111,074 CREDITORS.. Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT UABILITIES 161.780 2.637.795 90,226 2,573,903 CAPITAL AND RESERVES Unrestrlcted funds General fwKJ R•strictsd funds 2.494.336 143,459 2.637.795 Z429,640 744,263 I573,903 For the year ending 30109r2025 the company was entitled to exernplion under section 477 of the Companies Act 2006 rel*ing to small mpanies. The members have not required the company lo obtsln an audit in accordance wih section 476 of the Companies Act 20. The directors acknowledge their responsibilities for ¢omplying with the requirement5 of the A¢1 wrfh respecl to accounting records and the preparation of accounts. These accx)unt$ have been prepared in accord3no with th8 provisions applicable lo cA)mwies sut4.ed to the srnall companies regime. Approved by the board oftrustees on...... ........ their behalf by and sign on E Kreling Trustee O C Jeffreys Trustee page B
Frf•nds of PetertKJuBe NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3010912025 1. ACCOUNTING POLICIES la. Basi$ OlAOUnting Thè accounts have been prepared under the historical cost o)nvention. The accoun15 have been pr¢pared in accordance with FRS102 - The Financial Reporting Stsndard applieable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Re¢ommended Praclice, Accounting and Reporting by ChaT4t18S. 1b. Incoming Resour All incoming resources are induded on the Statement of Finana81 Activities when the d)8rlty 19 legally entitled to the income and the amount can be quantified with reasonable accurary. 1c. Resources Expended Expenditure is accounted fo¥ on on acuuals basis and has been ¢la$sified under heading$ that aggregate all cost related to the CAtegory. W)ere costs cannot be direcyy attributed to particular headiros they have been allocated to activities on a basis consistent with the use of resources. 1d. Allocation And Apportionment Of Costs All Id$lè to the single activity of the charitable COMpY and are recognised accnrdingly. 1•. Fund Accounting Unrestricted funds G8n be tjsed in accordan with the charitable obpdives at the discretion of the trustees. Reslricled funds can only bè used for particular restricted purposes wlhln the objects of the charity. Reslric140ns arise when specified by Ihe donor or when funds are raised foi p8rti¢ular iestricted purposes. Designated fvnds are funds set aside by the trustees out of unrestriclad gen•ral fuThJs for the SFecific fvlurè purposes or projects. 1f. Investments Investments are shown in the Balance Sheet at their market value at the Balance Sheet dale. All gainsllosses on valuation are taken to the Statement of Finanaal Activities. page 9
Friend5 of Peterhouse 2. EMPLOYEES 2025 2024 No. Average nUMr 01 emoYeeS 3. FINANCIAL ASSETS Li¥ted Investments Totsl Cost At 01110r2024 Disposals Revaluation 2.483,677 1131.0181 123,356 2476015 2.483.677 1131,0191 123,357 2476015 At 30109r2025 Amortisation Net Book Amounts At 30109r2025 2,476,015 2,483,677 2,476,015 2.483,677 At 30109r2024 DEBTORS 2025 2024 Amou¥)ts faliTrJ due wrthin one year other debtors 2,019 2,019 S. CREDITORS: AhlOUNTS FALUNG DUE WITHIN ONE YEAR 2025 2024 Other creijrtors 1.522 106,522 171,074 111,074 page 10
FriÈnds of P8tsrhou8e . LIMITED BY GLIARANTEE The company is limited by guaranlee and does not have a share capital. Each member gives a guarantee to rxjntritth a sum not exceeding £1, to the company shoukl il be wound up. 7. UNRESTRICTED FUNDS Brought Incomino Outgolng Gains Carrled fon¥ard General nd 2,429,640 2,429.640 52,087 52,087 1101,7001 114,31)9 2,494,336 1101,7001 114,309 2,494,336 B. RESTRICTED FUNDS 8ught Incornlng Outgolng forward resources resour¢ Galns Carrf•d forward Medical Fund 144 263 144,263 047 143 459 9,047 143,459 8,357 118.2081 M•dlcal Fund The reslricted fvnd is dedicated to supporting research into bi-polar and olhw mentsl health conditions in adults and adolescents 9. RELATED PARTY TRANSACTIONS There were no ielaled party tran10S for Ihe year ended 30 September 2025. page 11
Friend$ of Peterhouse Incoming Resources for tho ygar ended 30109r202S 2025 2024 Incomlng resources Incomlng resource5 from ggnprated funds Grants Recuiring donations Non-urnng donations Legacps 6,656 8.104 5,406 7,280 14.780 11,686 14,760 11,686 Investmont income Dividends (Gen) Dividends (Mad) Interest reNe 33.947 8,300 7,457 8,357 8,093 45,684 49, 704 45,684 60,444 49,704 61,390 pagg 12
FrlendB of Peterhou8e Expen for tho yoar ended 30J0912023 2025 2024 Expenses Costs of gerating fund¥ Investsnent Manag•m•nt Costs Investmenl Management Fees 17.418 17.416 17,132 IT,132 17,416 IY,132 CharStable Activities General fund Prizes Undergraduate hardship Other grants University contribution Men181 h8alth support Bridging Scheme Medical resè8rth 4,574 14,933 5,010 1,780 45.517 10,(KK) 18.208 100.022 9,075 15,929 1,505 1,857 48,722 27,386 104.474 Govemance Costs A¢c¢yJntancy 2.470 2,470 2,462 2,462 119,8 124,Q68 page 13