for the Period Ended 28 February 2025
| Directors report | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 28 February 2025
Principal activities of the company
Additional information
FINANCIAL Even though the long-term objective of the Company is to have an industry-sustained source of income, the CHERI Alliance has benefited from a £100k grant from UK’s DSIT (Department for Science, Innovation & Technology) to accelerate its growth and help starting up. This grant carries over until end of March 2025, and is being paid after the expenses have been made, so the total present in this year’s accounts is only a fraction of the total grant. The directors are confident in the Alliance's financial resilience and its ability to continue in its mission of promoting and accelerating the CHERI technology adoption. The company has not made any political donations or incurred any political expenditure during the year. FUTURE OUTLOOK Looking ahead, the directors are optimistic about the prospects for CHERI Alliance. Our strategic priorities for the coming year include: - Expanding the membership - Investing in the ecosystem collaboration, notably through conferences and events - Supporting and strengthening members’ engagement to deliver value for the CHERI ecosystem The directors extend their gratitude to the members, consultants and partners for their unwavering support and contribution to the Alliance's success.
Directors
The directors shown below have held office during the whole of the period from
23 February 2024
to
28 February 2025
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
As at
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| Debtors: | 3 |
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| Creditors: amounts falling due within one year: | 4 |
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| Creditors: amounts falling due after more than one year: | 5 |
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The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 28 February 2025
Basis of measurement and preparation
Turnover policy
Other accounting policies
for the Period Ended 28 February 2025
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Our principal activities during the year included: - Building strategic collaborations with key stakeholders and growing the membership from 0 to 33 members by the end of the period, including commercial companies, universities, government entities and various community-focused organisations - Putting in place the structure, tools and systems to enable collaboration between members, and launching working groups to deliver concrete collaterals to help companies adopt the CHERI technology (porting of open-source software, recommendations, educational material) - Organising two events: a launch conference in Cheltenham (November 2024) and the CHERI Blossoms Conference 2025 in Cambridge (March 2025), and participating or exhibiting at various conferences
In compliance with its Governance Framework, the CHERI Alliance CIC has conducted elections to establish a Governing Board, with representatives from various organisations that are Contractual Members of the CHERI Alliance. The Governing Board’s role is to define the strategy and priorities, to drive committees and working groups, and to stay informed of the ongoing activity. The goal of the Alliance is to facilitate communication amongst the CHERI community: - Monthly 'all-hands' calls have been established to ensure regular communication with all Contractual Members - Focused discussions on specific topics have been organised within the context of working groups - Additionally, the Alliance has organised conferences to foster real-life interactions among members
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
9 July 2025
And signed on behalf of the board by:
Name: Michael Halsall
Status: Director