cambridge university press annual report 2012

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Annual Report for the year ended 30 April 2012



Who we are

Cambridge University Press is the publishingbusiness of the University of Cambridge, oneof the world’s leading research institutions.

The Press’s purpose is to further theUniversity’s objective of advancing learning,knowledge and research.

The Press’s publishing comprises some45,000 peer-reviewed academic researchand professional-development titles,over 300 research journals, school-leveleducation, English language teaching andbible publishing. This output – from authorsbased in over 100 countries – is availableglobally: the Press has over 50 ofces

around the world.

The Press places great emphasis on beinga part of the communities it serves:researchers, teachers and learners at everylevel of education.



Books to be updated

Contents

2 Chairman’s introduction

3 Chief Executive’s overview

6 Academic Publishing

10 Educational Publishing

12 English Language Teaching (ELT)

16 The Press in the Community

18 Appendices

19 Abstract of the Financial Statements

22 Awards and prizes 2011



2 Chairman’s introduction

During my three years as Chairman of the Press Syndicate, I havehad the pleasure of seeing at close hand the work that the Presscarries out in fullling its mission – and that of our University. Itplays a valuable role in advancing knowledge, learning and researchthrough its absolute commitment to academic excellence, its supportfor education in schools and universities of many kinds, and its trulyglobal dissemination of knowledge.

Academic and educational publishing is in a period of hugeupheaval, as the profound implications of the internet continue tounfold, publishing models evolve and global competition increases.At such a moment of change, the Press’s relationship with itsUniversity is more important than ever. The Press, with more than

50 ofces worldwide, is in many places the most visible face of theUniversity. It plays a prominent role as the University looks to extendits own international reach, supporting the University’s presencewith governments and others in countries like India and China.The relationship between the Press and the University – with ourworld-class colleagues in the research departments and with itssister organisation Cambridge Assessment – has been close andmutually supportive in the past year, and I have condence that thoserelationships will continue to strengthen both the University and thePress in the years to come.

I wish to thank Drs Richard Barker and Colleen McLaughlin, whohave stepped down as Press Syndics after many years of service,for their outstanding work – particularly Richard’s chairing of theAudit Committee and Colleen’s role in forging closer links with theFaculty of Education and Cambridge International Examinations.We welcome new Syndics Dr Toke Aidt (economics), Professor FrankKelly (mathematics) and Professor Sarah Worthington (law and AuditCommittee), who have already brought incisive thinking and wisdomto the Syndicate’s deliberations.

I will be standing down as Chairman of the Syndicate at the endof November 2012. Sir David Bell has accepted the Vice-Chancellor’sinvitation to become its new Chairman, and it is exciting for me tohand over to such a distinguished and experienced publisher to leadthe Syndicate into its next phase.

It is tting to end this foreword by expressing the thanks of the

Press Syndicate for the ten-year tenure of Stephen Bourne, whostepped down as Chief Executive of the Press, Secretary to the PressSyndicate and University Printer at the end of April 2012 after a periodof signicant sales growth. Stephen’s commitment to the Press’sexpansion in major developing markets has left an important legacythat will benet the organisation for years to come. I am delightedto welcome Peter Phillips to lead the Press through the changesnow underway. These changes will help us seize the opportunitiesand face the challenges of the next phase in the Press’s long anddistinguished history.

Tony MinsonChairman of the Press Syndicate

Chairman’s introduction

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3Chief Executive’s overview

200 7 20 08 20 09 20 10 2 011

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2012

In the nancial year to 30th April 2012, Cambridge University Presssold books, journals and other scholarly and educational media to thevalue of £245 million, continuing a period of unbroken sales growththat stretches back a decade. That was a signicant achievementgiven the difculties in the economic environment and the seismicchanges which are taking place in our industry.

Challenging market conditions have affected all of our publishinggroups, to differing degrees. In North America, academic librarybudgets have been squeezed and the transition from physical todigital has accelerated. In Europe the bleak outlook for governmentnances has reduced spending on universities and schools in anumber of countries. Market growth has slowed even in the most

buoyant areas of the world, in Asia and Latin America. Nonethelessthe Press has grown at an underlying 3.8%.Our aim – to advance knowledge, learning and research –

depends crucially on our content representing the highest standardsin its area. The quality of the Press’s published output has remained ashigh as any in scholarly and educational publishing. In that, the role ofthe Syndicate has continued to be central as it has been for centuriesin reviewing all our publications to ensure they meet the standardsrequired to carry the University’s shield. Those standards, and thebreadth of the Press’s contribution, are exemplied by the publicationsdiscussed in later pages: the scholarly edition of Hemingway’s letters,teaching materials from Grammar and Beyond (for learners of Englishin colleges) to new mathematics courses for schools in Australia,to groundbreaking science such as Network Information Theory .The online edition of this report lists in full the 54 prizes won byour academic book output – too many to be listed in detail in theprint version.

The nature of our products is changing as the opportunities ofdigital media expand. Sales of our digital products have grown bymore than 50% in the last year. Our leading digital and blendedEnglish language course Touchstone has continued its high growthwith new adoptions by major institutions on several continents. Wehave also seen rapidly accelerating take up of Cambridge BooksOnline, our largest digital platform for academic books. Digitaldelivery often means that different aspects of quality of service

become important alongside the quality of content, which increasescustomers’ expectations. The Press has put signicant effort intoensuring that those aspects of its provision match its academicexcellence, and the feedback from customers shows it is bearing fruit.

The Press benets hugely from its relationships within ourUniversity. In the last year, we have received considerable supportfrom scholars around the University in a large-scale review of ouracademic publishing, and developed deeper partnerships with anumber of departments. The launch of a family of major open access journals in mathematics is just one example of a wide range of newinitiatives. Our relationship with our sister organisation CambridgeAssessment has moved to a new level of collaboration, resulting in

joint Cambridge English branding, joint product development and a joint exam preparation unit, which has already grown rapidly since itlaunched in August 2011.

Focus on what we do distinctively well has led to the Presslooking afresh at many aspects of its operations. We reorganised our

Total sales

£245.0mOperating surplus

£3.4mSales growth(£ million)

Chief Executive’s overview

2 0 5 .1

2 1 2 . 9

2 3 6 . 0

2 4 5 . 0

1 7 9 . 5

1 6 0 . 5

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4 Chief Executive’s overview

publishing globally into three main groups to ensure our decisionsare joined up and we take full advantage of our resources around theworld. That has helped to channel more investment into our digitalproducts. We have divested publishing assets such as Global Grid forLearning and English360 which were less central to our success toconcentrate our efforts on the areas which create the greatest impact

in fullling the Press’s mission. As part of that process, the Pressacquired Australian Academic Press, taking our list of journals to morethan 300, and increased to 55% our stake in HOTmaths, the digitalmaths platform for schools.

As book distribution becomes increasingly electronic, and digitalprinting makes it ever easier to print shorter runs or on-demand closeto customers, our need for large distribution and printing facilitiesof our own has receded. That has meant re-evaluating some long-standing aspects of how the Press works. As a result we transferredour UK logistics operations to DHL and, just after the end of theyear on which we are reporting, our US logistics operations movedto Ingram’s facilities in Tennessee. Our UK printing operations were

acquired by MPG Books Group, bringing to a close more than fourcenturies of printing by the University Press but preserving thetradition of academic printing close to Cambridge along with the vastmajority of jobs for our printing colleagues. Those shifts in distributionand manufacturing are already helping us to deliver what customers

want faster, more exibly andmore efciently. The smoothmanagement of these signicantchanges owed a huge amountto the professionalism of thecolleagues who were affectedand the Press owes them itsgratitude.

The Press’s nancial andoperational systems andprocesses, which developed atdifferent times and in diverseways around the globe, needto change signicantly to meetthe demands of a global digitalpublisher. During the year,we have laid the ground forthe implementation of newintegrated information systemscovering nance, purchasing

and ordering. The appointmentof Andrew Chandler as our new

Chief Financial Ofcer has led to a globally coordinated approachto the nance function that is more aligned to the Press’s evolvingrequirements. In the coming year, the rst of the Press’s nancialsystems will move to a new SAP platform, the start of a multi-yearprogramme which will roll out common systems and processes acrossthe organisation.

The refocusing and restructuring of the Press’s operations, therapid introduction of new digital products and delivery platforms,and the replacement of our back-ofce systems all represent ahugely ambitious programme of change, particularly at a time of

fragility in the world economy. Responsiveness to the changingenvironment is critical to our strategy. It requires signicant initialinvestment and has reduced our surplus in 2011/12. Nonetheless itlays essential foundations for our future efciency and effectiveness.That really matters, even though the Press is not a purely commercial

Focus on what we dodistinctively well hasled to the Press lookingafresh at many aspects of

its operations.

Members of the new Press Board

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5Chief Executive’s overview

organisation and its nancial performance is not an end in itself.Long-term nancial success is critical to our future, as that is whatwill enable us to invest in increasing our contribution to advancingknowledge, learning and research in the coming decades.

I became Chief Executive after the end of the year reported onin this annual report. I want to pay tribute to Stephen Bourne, wholed the Press through this year and for a decade of growth, steppingdown at the end of April 2012 to move into a new ambassadorial roleas the organisation’s President. Stephen has been exceptional in manyways: his commitment to making the Press a force in the developingworld; his particular passion for developing long-term relationships inChina; and his warmth and humanity. I am grateful for the support hehas given me and to so many colleagues, collaborators and customersaround the world.

The Press Board, our senior management team, has changedmarkedly over the year. The organisation owes its gratitude for yearsof dedicated service to Chris Boughton, Andrew Brown, AndrewGilllan, Steven Miller and Richard Ziemacki, all of whom havestepped down from the Board in the last year – and two of whom,Andrew Brown and Steven Miller, continue in other roles at thePress. Cathy Armor, Andrew Chandler, Richard Fisher, Tony Lund,Michael Peluse, Simon Ross, Kevin Taylor and Sandra Waterhouse(née Ward) have joined the Board, and are already making importantcontributions to the Press’s direction and leadership.

None of the Press’s many achievements would be possible withoutthe extraordinary commitment and passion of the Press’s 2000 or sopeople in over 50 ofces around the globe. That is demonstrated notonly in their publishing work but in the way in which they contributeto our mission through their seless work in their communities. Mythanks go to all of them.

Finally, I will conclude with my thanks to Professor Tony Minsonwho has worked tirelessly as Chairman over the last three yearsto support the Press’s mission while helping the organisation tomodernise. His intelligence, tenacity, integrity and modesty have beenhugely valued by Syndics and staff alike.

Peter PhillipsChief Executive Ofcer

Cambridge English: a core component of

expansion plans

Sir David Bell becomes Chairman of the

Press Syndicate in late 2012.

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8 Academic Publishing

CJO now features a ‘Send to Kindle’

button allowing readers to access their

favourite articles on a Kindle.

ServicesThis year saw the launch of major developments to CambridgeJournals Online (CJO), which now offers Article Rental and article-levelusage statistics for both open-access and other articles. We now offermobile device twinning for CJO Mobile, which enables remote accessto institutional subscriptions for registered users, whether they are

accessing via wireless or a cell phone network. We have introduceda ‘Send to Kindle’ button for articles where readers can access theirfavourite articles just like any Kindle book or periodical.

The Cambridge Journals Digital Archive (CJDA) continues to grow.This is the ‘backlist’ of all journals content, and is now over 4 millionpages. CJDA was one of the rst digital archives to be acquired by theRussian Ministry of Education for nationwide access to the completearchive collection.

Over two-thirds of Cambridge’s journals are now indexed byThomson Reuters, while over half (160) have an Impact Factor.Five journals occupy the number one position in their category – American Political Science Review , Behavioral and Brain Sciences (in

Biological Psychology), Journal of Economic History , Microscopy &Microanalysis, and World Politics. A further 13 journals received theirrst Impact Factor, including Expert Reviews in Molecular Medicine – 7.143, placing it at number 9 out of 111 in Medicine, Researchand Experimental.

The Letters of Ernest Hemingway, Volume 1: 1907–1922

With the publication, in this edition, of all the survivingletters of Ernest Hemingway (1899), readers were,for the rst time, able to follow the thoughts, ideasand actions of one of the great literary gures of the

twentieth century in his own words.

Published in October 2011 and edited by Sandra Spanier fromPennsylvania State University, and Robert W. Trogdon from KentState University Ohio, this book attracted large-scale media andacademic acclaim.

A. Scott Berg, winner of the Pulitzer Prize, wrote: ‘This rst volume is a vibrant portrait of the artist as a young man, striking all the notes that will resonate as themes in the epic life and epochal literature that lie ahead.’

Nöel Riley Fitch wrote: ‘The collected Hemingway letters will be enthusiastically welcomed by the scholarly world as well as the

legions of Hemingway enthusiasts around the world. He is not only one of the most important twentieth-century writers, but a fascinating and frank letter writer. This collection will be aninvaluable addition to the world of letter.’

Charles Scribner said: ‘This Cambridgeedition of all of Hemingway’s known letters isas elegant and proper a solution as one could wish to a daunting challenge: how to makethis treasure available to all interested scholars and readersfor generations

to come.’

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9Academic Publishing

Cambridge Journals Online (CJO)

CJO is celebrating its 15th Anniversary in 2012,Cambridge having been among the rst to launch anonline journals publishing service back in 1997. Since

then, CJO functionality has been continually upgradedand expanded through a process of active consultationwith all customer groups, including scholars andresearchers, librarians, and of course the learnedsocieties with whom we collaborate.

Library systems enable readers to nd and link to journals contentand are therefore critical to any journals publishing business. In2012 we have rened the provision of Cambridge data into thesesystems, ensuring that it conforms to industry standards andmaximises the usage of Cambridge journals by key customers.Other developments have improved the quality of usage statisticsfor libraries and introduced sophisticated new access controltechnology.

Also from 2012 learned societies and editorial boards can

benet from enhanced membership services offerings thatinclude membership renewals and conference registrations;and for the Materials Research Society, one of our largerpartners, the Press has built a full news and content gateway atwww.mrs.org/materials360/.

Cambridge Journals Online is at the

core of the Press’s scientic research

publishing.

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10 Educational Publishing

Educational Publishing

Cambridge University Press’s Educational publishing develops materialsfor teachers and learners up to the age of 19 and their teachers. Itpublishes books, online and other electronic products, in line with localsyllabuses in Africa, South Asia, Australasia and for global qualicationssuch as the University of Cambridge International Examinations andInternational Baccalaureate.

As global educational markets have moved to embrace digitaltechnologies, and education itself has become increasingly

internationalised, the Press

has brought its predominantlyeducation businesses into asingle management structure.This has allowed us to competebetter, by sharing ideas, contentand technology, and focusingour investments.

2011–2012 saw a recordnumber of new titles in theEducation businesses, increaseddigital marketing and products,and strong sales growthparticularly for internationalexaminations and in South Asia.

Local curriculaIndia saw fast growth, with resources for the ICSE market such as I Discover, Know your Planet, Trips in Time, Fun with Creative Writing,Cambridge Grammar for Schools and Lessons for Life. The Pressentered the bilingual dictionary market for the rst time, publishingthe Cambridge Essential English-Gujarati Dictionary.

Even though full implementation of the Australian Curriculumwas further delayed, the Press increased market share signicantly.It continues to be a market leader in mathematics and strengthenedits position further by launching three major series for the Australian

Curriculum , all with optional blended bundles of print anddigital material.

First outputs of a joint research and

publishing programme with CambridgeInternational Examinations

I Disocver contributed to fast growth

in India.

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11Educational Publishing

South Africa enjoyed an excellent approval rate in the newcurriculum implementation. Market share increased especially inphysical science, accounting, maths literacy, geography and languagecourses for Setswana, Siswati and isiXhosa – a rst launch intoAfrican-language course publishing.

International EducationCambridge International Examinations-endorsed titles launched in theprevious year strengthened the Press’s market-leading positions in anumber of IGCSE subjects such as the sciences and English. Our widerpartnership with CIE extends now to joint management of curriculum-development programmes around the world.

Two publications marked the beginning of a joint research andpublication programme with Cambridge International Examinationsinto Bilingual Schools: Excellence in Bilingual Education: A guide for School Principals and Language Awareness in Teaching: A Toolkit for Content and Language Teachers.

Following signicant success with earlier International

Baccalaureate publishing, thirteen new titles were published for theIB Diploma, most notably in biology, chemistry, economics, history andtheory of knowledge.

Digital development continues to be an important focus for theEducation business. Most of our publications are now delivered withe-books, interactive digital books, apps or companion websites.Highlights of the past year included the release of further levels tothe agship maths product, HOTmaths, and the launch of a resourceswebsite for teachers providing planning, tips, enrichment, homeworkresources and assessment.

Cambridge HOTmaths

In the last nancial year CambridgeHOTmaths has more than doubledits subscriber base in Australia alone.Success is due to the harnessing oftechnology that frees students froma linear model of learning, and freesteachers from much of the marking,progress reporting and assessment thatis time-demanding, so that they canspend more time facilitating learning.

Content is linked across year levels allowingstudents to revise necessary content asneeded either at the teacher’s direction orindependently. Brighter students can skiprepetitive practice of concepts they have already grasped and moveon to more challenging material. Learning can be personalized,varied and most signicantly, enjoyable.

2011 saw the launch of three major mathematics courses tomeet the needs of the Australian curriculum. All levels of all threeseries have been linked to HOTmaths through mapping documentsand icons in the books that link to appropriate online content

and also through the development of three new courses on theHOTmaths site that match the printed material topic by topic,lesson by lesson. We have seen sales of mathematics resources forsecondary schools skyrocket with the release of product bundles ofbooks packaged with HOTmaths activation codes.

Most of our publicationsare now delivered withe-books, interactivedigital books, apps or

companion websites.

Cambridge HOTmaths delivered to

a tablet

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13English Language Teaching (ELT)

Schools and Young LearnersSchool-age learners represent the largest potential market, and thearea with greatest opportunity for growth. Existing products such asKid’s Box continue at the core of the Press’s presence in this importantarea. Collaborations with major educational institutions and localpublishers, in Spain, Brazil and elsewhere, have also become a major

feature of our publishing for younger learners. New schools coursesincluded: American English in Mind , American More! Six-Level Edition,English in Mind second edition, Interactive, Super Minds, The EnglishLadder and Your Space. A Little Trouble in Dublin and Dragon’s Eggs were awarded prizes in the international Language Learner LiteratureAwards (LLLAs) for graded readers.

Publishing Aligned with AssessmentThe Press has been a partner over many years with the Universityof Cambridge ESOL Examinations in publishing materials forexamination preparation. 2011–12 saw a step change in the level ofenergy devoted to that partnership: the Press now has a formal joint

publishing unit with Cambridge ESOL, a professional-developmentwebsite, Cambridge English Teacher, and the two organisations jointlyoffer curriculum, learning and assessment solutions for ministriesof education, under the new, shared logo ‘Cambridge English’.Formative assessment, integrated with teaching materials, is expectedto be a major driver of growth in years to come.

Cambridge English publishing aligned

with assessment

Formative assessment,integrated with teachingmaterials, is expected to bea major driver of growth in

years to come.

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14 English Language Teaching (ELT)

Cambridge English Teacher

The Cambridge English Teacher (CET) web-based servicerepresents an example of how we respond to our users’needs and wants in designing our products.

Since the launch of CET in March 2012, a number of surveysand focus groups have taken place with members and guests toensure that the next stages of development are in line with ourcustomers’ needs.

Three “virtual” focus groups were conducted usingconferencing software, and one face-to-face group was used togather feedback about the usability of the current site and someproposed design changes. Teachers from India, China, Russia, Italyand France, the USA and the UK contributed. The feedback fromthese sessions directly inuenced the design concepts and user journey change proposals.

Two large surveys of members were undertaken related to new

features planned for future releases, and the planning process fornew projects routinely includes user-survey feedback review. Thisincludes utilising the network of partners and contacts across thePress and Cambridge ESOL, so that input from potential institutionalclients is available at key stages during development planning.

Cambridge English Teacher: tens of

thousands of subscribers within months

of launch

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15English Language Teaching (ELT)

Touchstone Blended Learning

Touchstone Blended has been published in multipleclient- and country-specic editions.

Perhaps the most ambitious was the version developed for andwith the Anadolu Üniversitesi (distance-learning university) ofTurkey. Impact studies were commissioned from the beginning ofthe process, in collaboration with the client institution; the Pressprovided study plans and learning instructions in Turkish for the

hundreds of thousands of learners working from home; and nowthat the course has been fully rolled out across the country, thePress’s research skills are being harnessed in a joint working partywith the Anadolu Üniversitesi to develop the next generation ofthe product.

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16 The Press in the Community

Community Engagement in EducationThe Press was the lead partner in its home city of Cambridge in anational programme called ‘Business Class’, which aims to establishlong-term partnerships between schools and businesses, with a

particular focus on ‘work aspiration’ in those local schools that canmost benet from exposingtheir learners to working rolemodels. The programme uses amodel devised by Business in theCommunity.

The volunteer programmein Cambridge involved almosta quarter of the UK workforce,who gave more than 1300hours to local schools andenvironmental programmes.

The Press in Cambridge hasalso supported with money andvolunteer time non-traditionaleducational interventions.Staff are free to nominateeducational charities for help,and in 2011–2012 over £50,000was made available through thisroute. Our principal nominatedcharity, Romsey Mill, works

locally to overcome disadvantage and promote social inclusion foryoung people, children and families. The total given by staff to variouscharities through Give As You Earn amounted to £13,472.

For the sixth year running, Press staff, friends and family hada big presence at the annual Bridge the Gap charity walk throughCambridge city centre, with 156 people taking part.

In Africa staff joined millions of South Africans in celebratingNelson Mandela’s 93rd birthday by giving food to Cape Town’s poor.The Press celebrated its third year as partner with CIDA EmpowermentFund (CEF), whose sole objective is to deliver quality education toeconomically and socially disadvantaged black South Africans. ThePress gives 25.1% of its prots to CIDA, which goes towards CIDAstudents attaining business degrees. Staff also supported childrenfrom their adopted farm schools in Robertson, Western Cape, withshoes, clothes and Christmas presents. The Cambridge Excellence

Award continued in Cameroon, a competition which has changedthe lives of nearly 200 students and their families over the pastthree years.

In India the Press has been partnering with Make a Difference(MAD) since 2010 to bring high quality English learning materialsto the poorest children. MAD, a youth volunteer network providing

The Press in the Community

If the Press’s mission is to serve communities of learners, educators andresearchers, it fulls that mission not only by selling books and journals. Ourconcept of good citizenship extends to involvement in preparing childrenfor the world of work, and lowering barriers to achievement at every levelof education.

Press staff lead school learners developing

a publishing business plan.

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17The Press in the Community

quality education to children living in orphanages and street shelters,was started by a group of college students and now has a teacher

network of over 800 college students and young professionals. ThePress supports MAD by supplying the books at close to cost price foran India reprint. Press author Andrew Littlejohn has provided teachertraining, consulting on curriculum development and developing testmaterials. 3500 children have benetted from the programme sincethe Press joined.

EnvironmentGood environmental practice is at the heart of the Press’s commitmentto being a responsible member of the community. Impressivereductions were achieved in energy use and the amount of landllwaste on our main sites in Cambridge. Total carbon emissions heredecreased by 10% compared to the previous reporting year, to 5132tonnes CO

2equivalent. The Press has laid a gas pipeline onto the

Shaftesbury Road site and the resultant switch from gas oil to gasshould support signicant further reductions for the next two years.Our goal is to continue reducing our carbon emissions by an averageof 2.5% annually.

A Conservation Area was opened on the Cambridge site,developed in collaboration with the local Wildlife Trust and usingstaff volunteer labour, to provide a ‘Living Landscape’, a space wherewildlife can thrive in increasingly urbanised surroundings. One yearafter the area opened, it has become a successful wildlife corridor,with a wide array of sightings including deer, bats, butteries, birds,shrews and badgers. This work resulted in Press volunteers winning

the Wildlife Gardening at Work award from The Wildlife Trust aswell as being ‘Highly Commended’ for a Business in the CommunityBusiness Team Volunteering award.

LEFT: CIDA, in South Africa, offers access

to higher education to disadvantaged

young people who would not otherwise

be able to afford it.RIGHT: Indian children learn with Make

A Difference.

The Conservation Area in Cambridge

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18 Appendices

1. There shall be in the University a University Presswhich shall be devoted to printing and publishingin the furtherance of the acquisition, advancement,conservation, and dissemination of knowledge in allsubjects; to the advancement of education, religion,learning, and research; and to the advancement ofliterature and good letters.

2. There shall be in the University a Press Syndicate.The management of the nance, property, andaffairs generally of the University Press shall bethe responsibility of the Press Syndicate which

shall exercise in relation thereto all the powers ofthe University except in so far as the Statutes andOrdinances expressly or by necessary implicationprovide otherwise. The Press Syndicate shall consistof the Vice-Chancellor or a duly appointed deputyas Chairman and such number of members ofthe Senate appointed in such manner as shall bedetermined from time to time by Ordinance.

3. The Press Syndicate shall have power in thename of the University and for the purposes of theUniversity Press to exercise the powers in section 1 ofChapter III of Statute F. These powers shall apply toinvestment as well as to any other activity or functionof the University Press. Save only insofar as theStatutes, Ordinances or regulations enacted underStatute J, 5 expressly or by necessary implicationprovide otherwise, these powers may be exercisedat the absolute discretion of the Press Syndicate.

4. All income accruing to the University Press shallbe credited to the accounts of the Press Syndicateand all University Press capital and income shall becontrolled by the Press Syndicate and applied bythem at their sole discretion for the purposes of the

University Press.

5. The Council shall have authority to imposelimitations on the power of the Press Syndicate toenter into any nancial commitments or to grantsecurity on the property of the University Press.

6. The Press Syndicate shall have power in thename of the University to engage persons foremployment in the service of the University Press,determine their salaries and pensions, and prescribethe conditions of their service.

7. Persons holding certain posts in the UniversityPress which have been specially designated underthis section by the Council on the recommendationof the Press Syndicate shall be treated as Universityofcers for the purposes of Statute A, III, 7(b),

Statute B, I, 1, Statute B, III, 6, and Statute K, 3(h).The following have been specially designated underthis section: the Secretary of the Press Syndicate,Directors, Associate Directors, Senior Editors, andSenior Managers of the Press.

8. The accounts of the University Press shallbe audited annually by one or more qualiedaccountants appointed by the Council. TheCouncil shall in every year appoint one or morepersons from among the members of the FinanceCommittee, who shall examine these accounts,

confer with the auditor or auditors, and report tothe Council.

9. There shall be a Press Seal, as a seal of theUniversity to be used on the directions of the PressSyndicate in matters relating to the affairs of theUniversity Press; but the existence of the Press Sealshall not invalidate the use in connection with suchmatters of any other seal of the University. TheUniversity shall have power to make Ordinancesconcerning the custody and afxing of thePress Seal.

10. The Press Syndicate shall have power todelegate any of their powers under this Statutesubject to any limitations imposed by Ordinance.

11. The term property of the University Press hereand elsewhere in Statutes and Ordinances shallrefer to property of the University, both real andpersonal, held or used for the purposes of theUniversity Press. In favour of any person havingdealings with the University Press a certicatesigned by the Registrary that any particular propertyis the property of the University Press, or that any

limitations imposed under Statute J, 5 have beencomplied with, shall be conclusive.

12. The Press Syndicate shall make an AnnualReport to the Council, which shall be published tothe University either as a whole or in summary.

13. Notwithstanding the provisions of theforegoing sections, the Council shall have powerin circumstances which the Council deems tobe exceptional, on the advice of its FinanceCommittee, to discharge the Press Syndicate,

and to assume full responsibility itself for themanagement of the Press for the time being. Ifthe Council has occasion to exercise the powersavailable under this section, the Council shall makea full report to the University on the circumstancesnecessitating such action.

Appendices

Statute J of the University of Cambridge: The University Press

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19Abstract of the Financial Statements

The Members of the Press Syndicate are pleasedto present the following abstract of the nancialstatements of the Press for the year ended30 April 2012.

The Press SyndicateMembers of the Press Syndicate who servedduring the twelve months ended 30 April 2012and up until the date of approval of these nancialabstracts, unless otherwise stated, were as follows:Professor Tony Minson, Chairman

(Publishing, Finance and

Remuneration Committees)Dr Toke Aidt, appointed 1 May 2011(Publishing Committee)

Dr Richard Barker, resigned 1 October 2012 (Audit Committee)

Sir David Bell (Finance andRemuneration Committees)

Dr Jean Chothia (Publishing Committee)Professor Cathie Clarke (Publishing Committee)Professor Tim Cox (Publishing Committee)Dr Tim Harper (Publishing Committee)Professor Frank Kelly, appointed 1 June 2011

(Publishing Committee)Professor David Ibbetson (Publishing Committee)Professor Tom Körner, resigned 1 June 2011

(Publishing Committee)Dr Joan Lasenby (Publishing Committee)Professor David McKitterick (Publishing and

Finance Committees)Dr Colleen McLaughlin, resigned 1 October 2012

(Publishing Committee)Professor John Morrill (Publishing Committee)Mr Andrew Reid, University Director of Finance

(Finance Committee)Dr Nigel Richardson (Publishing Committee)

Dr David Runciman (Publishing andFinance Committees)

Mr Stan Webster, OBE (Finance andRemuneration Committees)

Professor Sarah Worthington, appointed 1 October 2012 (Chairman of Audit Committee)

Co-opteesCo-opted (non-Syndic, non-executive) membersof Syndicate committees in the same period wereas follows:Professor Ron Carter, MBE (Publishing Committee)

Mrs Sherry Coutu (Finance Committee)Mr Jim Potter, MBE (Audit Committee)Mr Nick Temple (Audit Committee)Dr Jo Whitehead (Finance Committee)Mrs Joanna Womack (Audit Committee)

ExecutivesExecutive members of Syndicate committees in theperiod were as follows:Mr Stephen Bourne (Publishing and

Finance Committees)Dr Andrew Brown (Publishing Committee)Mr Andrew Chandler (Finance Committee)Mr Richard Fisher (Publishing Committee)Mr Michael Peluse (Publishing Committee)Mr Steve Miller (Finance Committee)Mr Peter Phillips (Publishing and

Finance Committees)

Mrs Hanri Pieterse (Publishing Committee)Mr Simon Ross (Publishing Committee) Mr Kevin Taylor (Publishing Committee)

The Secretary of the Press Syndicate up to 30 April2012 was Mr Stephen Bourne.

Abstract of the Financial Statements

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20 Abstract of the Financial Statements

Syndics’ StatementThe non-statutory abstracts of the nancialstatements presented on page 21 are not the fullnancial statements but a summary of informationderived from the Consolidated Statement ofFinancial Activities and the Consolidated Balance

Sheet of Cambridge University Press for the yearended 30 April 2012.

Cambridge University Press is not subject toany legal requirement to prepare annual nancialstatements or for them to be audited. However,under Statute J of the University of Cambridgethe Syndics are responsible for preparing annualaccounts and for having these audited. The Syndicshave elected to prepare the nancial statements inaccordance with the requirements of Statement ofRecommended Practice: Accounting and Reportingby Charities (revised 2005).

The nancial statements from which thesummarised non-statutory abstracts are derived,were approved by the Syndics on 2 November2012. The independent auditors’ report on thenancial statements was unqualied.

The nancial statements are availableon request from Cambridge University Press,University Printing House, Shaftesbury Road,Cambridge CB2 8BS.

Tony MinsonChairman of the Press Syndicate

Independent auditors’ statement to theSyndics of Cambridge University PressWe have examined the non-statutory abstractsof the nancial statements which comprise theAbstract of the Consolidated Statement of FinancialActivities and the Consolidated Balance Sheet setout on page 21.

Respective responsibilities of Syndicsand auditorsThe Syndics are responsible, under Statute J ofthe University of Cambridge, for preparing theCambridge University Press Annual Report forthe year ended 30 April 2012 (‘Annual Report’)including the non-statutory abstracts of thenancial statements. The Syndics have electedto prepare these non-statutory abstracts of thenancial statements in accordance with relevantrequirements of Statement of RecommendedPractice: Accounting and Reporting for Charities

(revised 2005).Our responsibility is to report to you our opinionon the consistency of the non-statutory abstractsof the nancial statements within the AnnualReport with the consolidated annual nancialstatements, and their compliance with the relevant

requirements of Statement of RecommendedPractice: Accounting and Reporting for Charities(revised 2005).

This statement, including the opinion, has beenprepared for and only for the Syndics of CambridgeUniversity Press as a body in accordance with the

Statement of Recommended Practice: Accountingand Reporting for Charities (revised 2005) todischarge its responsibilities under Statute J of theUniversity of Cambridge and for no other purpose.We do not, in giving this opinion, accept or assumeresponsibility for any other purpose or to any otherperson to whom this statement is shown or intowhose hands it may come save where expresslyagreed by our prior consent in writing.

We conducted our work in accordance withBulletin 2008/3 issued by the Auditing PracticesBoard. Our report on the consolidated annual

nancial statements of Cambridge University Pressdescribes the basis of our audit opinion on thosenancial statements.

OpinionIn our opinion the non-statutory abstracts ofthe nancial statements are consistent with theconsolidated annual nancial statements ofCambridge University Press for the year ended30 April 2012 and comply with the relevantrequirements of Statement of RecommendedPractice: Accounting and Reporting for Charities(revised 2005).

PricewaterhouseCoopers LLPChartered Accountants and Statutory AuditorsCambridge7 November 2012

Notesa) The maintenance and integrity of the Cambridge

University Press web site is the responsibilityof the trustees; the work carried out by theauditors does not involve consideration of thesematters and, accordingly, the auditors acceptno responsibility for any changes that may haveoccurred to the summarised non-statutorynancial statements since they were initiallypresented on the web site.

b) Legislation in the United Kingdom governingthe preparation and dissemination of nancialstatements may differ from legislation inother jurisdictions.

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21Abstract of the Financial Statements

Abstract of Consolidated Statement of Financial Activitiesfor the year ended 30 April 2012

2012£’m

2011£’m

Incoming resources from charitable activities 245.0 236.0

Net incoming resources before transfers, tax and minority interests 3.4 7.1Taxation (2.5) (1.0)

Attributable to minority interests (0.8) (0.3)

Net incoming resources before other recognised gains and losses 0.1 5.8

Other recognised gains and losses

Actuarial (loss)/gain on post-retirement benets (12.7) 8.3

Currency translation gain/(loss) 0.2 (2.1)

Net movement in funds (12.4) 12.0

Consolidated Balance Sheet

at 30 April 20122012

£’m2011£’m

Fixed Assets

Intangible xed assets 4.7 2.2

Tangible assets 52.3 50.7

Investment in joint ventures 0.2 (0.8)

57.2 52.1

Current Assets

Pre-publication costs 30.6 28.6

Stocks 25.7 27.3

Debtors 72.1 70.4

Cash at bank and in hand 27.9 24.7

156.3 151.0

Creditors: amounts falling due within one year (81.9) (69.2)

Net current assets 74.4 81.8

Total assets less current liabilities 131.6 133.9

Creditors: amounts falling due after more than one year (2.3) (4.4)

Net assets excluding post-retirement liabilities 129.3 129.5

Dened benet pension scheme liability – funded (82.1) (73.7)

Other post-retirement benets liability – unfunded (20.5) (15.9)

Net assets 26.7 39.9

Funds

General (unrestricted) 127.8 128.0

Pension and other post-retirement benet reserve (102.6) (89.6)

Minority interest 1.5 1.5

26.7 39.9

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Awards and prizes 2011

Janet Afary: Sexual Politics in Modern Iran, winnerof the British–Kuwait Friendship Society Prize 2010

Dimitra Andrianou, The Furniture and Furnishingsof Ancient Greek Houses and Tombs, winner of the2011 Olga Tsakatika-Despotopoulou Prize from theAcademy of Athens

Séverine Autesserre, The Trouble with the Congo:Local Violence and the Failure of International Peacebuilding, winner of the Chadwick Alger Prize2010 and the 2012 Grawemeyer Award for IdeasImproving World Order

Jack Barbalet, Weber, Passion and Prots: ‘TheProtestant Ethic and the Spirit of Capitalism’ in Context , winner of the 2010 StephenCrook Memorial Prize of the AustralianSociological Association

Sarah Biddulph, Legal Reform and AdministrativeDetention Powers in China, winner of the2011 Woodward Medal in Humanities andSocial Sciences

Monica Black, Death in Berlin: From Weimar toDivided Germany , winner of the 2010 FraenkelPrize in Contemporary History (Category B), TheWiener Library

Hale Bradt, Astrophysics Processes: The Physicsof Astronomical Phenomena, winner of the 2011Chambliss Astronomical Writing Award for anacademic book

Jutta Brunnée and Stephen J. Toope, Legitimacy and Legality in International Law: An International Account , winner of the 2011 Certicate of Merit,American Society of International Law and winner

of the ASIL Creative Scholarship Award 2011

Luis Cabrera, The Practice of Global Citizenship,winner of the 2011 Yale H. Ferguson Book Award,International Studies Association, Northeast

Michael Cook, The New Cambridge History of Islam, 6 vols., winner of the Waldo G. Leland Prize,The American Historical Association

Simon J. Cook, The Intellectual Foundations of Alfred Marshall’s Economic Science: A Rounded

Globe of Knowledge, winner of the 2011 ESHETBest Monograph Award

Michael R. Ebner, Ordinary Violence in Mussolini’sItaly , winner of the Helen & Howard R. MarraroPrize, The American Historical Association

Hilary Earl, The Nuremberg SS-Einsatzgruppen Trial,1945–1958: Atrocity, Law, and History , winner

of the 2010 Hans Rosenberg Book Prize from theConference Group for Central European History

Paul Eggert: Securing the Past: Conservationin Art, Architecture and Literature, winner ofthe 2011 Finneran Award from the Society forTextual Scholarship

Roger Freitas, Portrait of a Castrato: Politics,Patronage, and Music in the Life of Atto Melani ,winner of the Philip Brett Award 2010

Anne T. Gallagher, The International Law of HumanTrafcking, winner of the 2011 Honorable Mentionin a specialized area of International Law, AmericanSociety of International Law

Giuseppe Gerbino, Music and the Myth of Arcadiain Renaissance Italy , winner of the Lewis LockwoodAward 2010

Daniel W. Graham, The Texts of Early Greek Philosophy: The Complete Fragments and Selected Testimonies of the Major Presocratics, has won ATimes Literary Supplement Book of the Year 2010.

Richard S. Hallam, Virtual Selves, Real Persons: ADialogue across Disciplines, winner of the MediaEcology Association 2011 Erving Goffman Awardfor Outstanding Scholarship in the Ecology ofSocial Interaction

Richard P. Hiskes, The Human Right to a GreenFuture, co-winner of the 2010 Human Rights BestBook Award, American Political Science Association

Jane Humphries, Childhood and Child Labour in the

British Industrial Revolution, winner of the 2011Gyorgi Ranki Biennial Prize in European EconomicHistory, Economic History Association

Arnold Hunt, The Art of Hearing: English Preachersand their Audiences, 1590–1640, winner of theRoyal Historical Society Whiteld Book Prize 2011

Christine Jojarth, Crime, War, and Global Trafcking: Designing International Cooperation,co-winner of the 2009 Furniss Award

Avery Kolers, Land, Conict, and Justice: A Political Theory of Territory , winner of the CanadianPhilosophical Association Biennial Book Prize 2011

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23Awards and prizes 2011

Jonathan Kregor, Liszt as Transcriber , winner ofthe Alan Walker Book Award of the American LisztSociety 2010

Anna Krylova, Soviet Women in Combat: AHistory of Violence on the Eastern Front , winner

of the Herbert Baxter Adams Prize, The AmericanHistorical Association

Annette Landgraf and David Vickers, TheCambridge Handel Encyclopedia, has won A TimesLiterary Supplement Book of the Year 2010.

Robert Leonard, Von Neumann, Morgenstern,and the Creation of Game Theory: From Chess toSocial Science, 1900–1960, winner of the Historyof Economics Society Joseph J. Spengler BookPrize 2011

Howard Louthan, Converting Bohemia: Force and Persuasion in the Catholic Reformation, winnerof the 2011 Czechoslovak Studies AssociationBook Prize

Christopher Marsh. Music and Society in Early Modern England , winner of the 2011 Ratcliff Prize

James McGuire and James Quinn, Dictionary of Irish Biography: From the Earliest Times to theYear 2002: the online version of the Dictionary of Irish Biography was ‘highly commended’ at theInformation Services Group awards ceremony,12 November 2010.

Josie McLellan, Love in the Time of Communism:Intimacy and Sexuality in the GDR, winner of the2011 Fraenkel Prize in Contemporary History, TheWiener Library

Alan Mikhail, Nature and Empire in Ottoman Egypt: An Environmental History , winner of the 2011Samuel and Ronnie Heyman Prize for OutstandingScholarly Publication, Yale University

John F. Miller, Apollo, Augustus, and the Poets,winner of the American Philological Association’s2010 Goodwin Award

Shadi Mokhtari, After Abu Ghraib: ExploringHuman Rights in America and the Middle East ,co-winner of the 2010 Human Rights Best BookAward, American Political Science Association

Sarah Mortimer, Reason and Religion in the EnglishRevolution: The Challenge of Socinianism, winner

of the Journal of the History of Ideas ForkoschPrize, 2011

Rebecca B. Morton and Kenneth C. Williams,Experimental Political Science and the Study of Causality: From Nature to the Lab, winner of the

2011 Best Book Award from the ExperimentalResearch section of the American PoliticalScience Association

Lara Netteleld, Courting Democracy in Bosnia and Herzegovina, winner of the Marshall Shulman Book

Prize, Association for Slavic, East European, andEurasian Studies

Peter Newell and Matthew Paterson,Climate Capitalism: Global Warming and theTransformation of the Global Economy , runner-upfor the ISA Harold and Margaret Sprout Award2011 and shortlisted for the BISA InternationalPolitical Economy Group Book Prize 2011

Maren R. Niehoff, Jewish Exegesis and Homeric Scholarship in Alexandria, winner of a 2011

Hebrew University Polonsky Prize for Creativity andOriginality in the Humanistic Disciplines

G. Ugo Nwokeji, The Slave Trade and Culture in theBight of Biafra: An African Society in the Atlantic World , winner of the 2011 Melville J. HerskovitsAward from the African Studies Association

Matthew Paterson, Automobile Politics: Ecology and Cultural Political Economy , winner of theBISA International Political Economy Group BookPrize 2008

Gene A. Plunka, Holocaust Drama: The Theater of Atrocity , winner of the 2010 South Central ModernLanguage Association (SCMLA) award for BestBook of the Year

Jeremy D. Popkin, You Are All Free: The HaitianRevolution and the Abolition of Slavery , winnerof the 2010 David Pinkney Prize from theSociety for French Historical Studies and winnerof the J. Russell Major Prize, The AmericanHistorical Association

Vincent Pouliot, International Security in Practice:The Politics of NATO-Russia Diplomacy , awardedan Honorable Mention by the Lepgold Book Prizecommittee for best book on international relationspublished in 2010 and winner of the 2011 CPSAPrize in International Relations

Michael A. Reynolds, Shattering Empires: The Clashand Collapse of the Ottoman and Russian Empires1908–1918, co-winner of the George Louis BeerPrize, The American Historical Association

Tom Ruys, ‘Armed Attack’ and Article 51 of the UN Charter. Evolutions in Customary Law and Practice,winner of the 2011 Francis Lieber Prize from theLieber Society on the Law of Armed Conict of theAmerican Society of International Law

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Sean Scalmer, Gandhi in the West, The Mahatmaand the Rise of Radical Protest , shortlisted for the2011 New South Wales Premiers Book Prize forGeneral History

Shalendra D. Sharma. China and India in the Age

of Globalization, a winner of the 2010 AJCU(Association of Jesuit Colleges and Universities) andAlpha Sigma Nu Jesuit Book Awards, category ofProfessional Studies

Gary D. Solis, The Law of Armed Conict ,2011 Certicate of Merit, American Society ofInternational Law

Curt Suplee, The Plasma Universe, A ChoiceOutstanding Academic Title 2010

Simon Szreter and Kate Fisher, Sex Before theSexual Revolution: Intimate Life in England 1918–1963, longlisted for the 2011 SamuelJohnson Prize for Non-Fiction

Christopher Tomlins, Freedom Bound: Law, Labor,and Civic Identity in Colonizing English America,1580–1865 , winner of the 2011 John Phillip ReidBook Award of the American Society for LegalHistory, winner of the 2011 Hurst Prize and jointwinner of the 2011 Bancroft Prize

Natalie A. Zacek, Settler Society in the EnglishLeeward Islands, 1670–1776, winner of TheRoyal Historical Society Gladstone History BookPrize 2011

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Cambridge on the internet

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cambridge university press annual report 2012

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