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35. Ultimate parent company • Standards issued but not yet adopted
The legal title to the ordinary share capital of Several new revised standards issued by the
the Company is held equally by: International Standards Board have not yet come
into effect. None of these are expected to be
– Cambridgeshire County Council implemented with a material impact to the Bank in
as Administering Authority of the the next 12 months.
Cambridgeshire Local Government Pension
Fund; and COUNTRY‑BY‑COUNTRY REPORT
– The Master or Keeper, Fellows and DISCLOSURE REQUIREMENTS UNDER CRD IV
Scholars of the Hall of the Holy Trinity in COUNTRY‑BY‑COUNTRY REPORTING
the University of Cambridge (commonly The Bank is required to disclose the following
called Trinity Hall, Cambridge).
information in the Annual Report and Accounts
There is no ultimate holding company. to comply with the Regulations of Article 89 of
the Capital Requirements Directive IV (CRD IV)
36 Subsequent events country‑by‑country reporting (CBCR). This
regulation requires us to disclose financial
There have been no significant quantifiable information by country.
events between 31 December 2024 and the
date of approval of the Financial Statements Cambridge & Counties Bank operates as a
which would require a change to, or additional single entity exclusively in the United Kingdom.
disclosure, in the Financial Statements. Therefore, total income and profit before tax
Management and the Board continue to shown in the Income Statement and corporation
monitor the economic outlook across the tax paid shown in the Statement of Cash Flows,
UK and globally on a regular basis. As part as well as the average number of employees
of this monitoring the Bank aims to identify disclosed in Note 10 to the Financial Statements,
and address the likelihood of any financial are related to the United Kingdom. No public
impacts materialising. subsidies were received in 2024 or 2023.
