CBRL (Registered Charity Number 1073015) (Company Registration Number 3566646) ANNUAL REPORT YEAR ENDED 31 MARCH 2024 •ADH8HOJE* 0411212024 COMPANIES HOUSE A10 #112 CONTENTS TRUSTEES. REPORT STATEMENT OF TRUSTEES. RESPONSIBILITIES 15 INDEPENDENT AUDITOR'S REPORT 17 STATEMENT OF FINANCIAL ACTIVITIES 20 BALANCE SHEET 21 STATEMENT OF CASH FLOVIS 22 NOTES TO THE FINANCIAL STATEMENTS 23 COUNCIL FOR BRITISH RESEARCH IN THE LEVANT ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Councll for Brltlsh Research In tho Levant Registered Charity Number 1073015 Registered Company Number 3566646 Registered Office.. The British Academy 10 Carlton House Terrace London SW1Y SAH Website: www.cbrl.ac.uk President - Professor Dawn Chatty Tru•tO•S Dr Robert 8ewl8y John Shakeshaft Chalrman (retlred December 2023),. contlnulng as a Truste8 Chairman {elected December 2023)" continuing as Acts'ng Treasurer and Acting Chair of the Development sutrhcommittee Hon Research Chair (retired December 2023),. Hon Publlcatbon8 Chair {retired December 2023) Hon Research Chair (elected December 2023. resigned June 2024) Hon Publications Chair, Chair of the HR sub Trustee Trustee Twstee (elected De￿rnber 2023, resigned June 2024) Trustee (elected December 2023) Professor Graeme Barker Professor Andrew Arsan Professor Graham Philip Tom Thomson Dr Nellie Phoca-cosmetatou Professor Andrew MacLeod Kate Owen Dr Rachael Sparks Sarah Ewans Dr Kamal Badreshany Dr Nadia Naser-NaJiab Dr Sean Hird Rev Canon David Longe Dr Bahar Baser Professor Tim Insoll The trustees act as directors for the purposes of company law. Prlnclpal Bankers Royal Bank of Scolland PIC London Drummonds Branch 49 Charing Cross Road London SW1A 2DX Auditors Williamson Morton Thomton LLP 4 8eaconsfield Road St Albans, Herts AL13RD COUNCIL FOR BRITISH RESEARCH IN THE LEVANT ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Objectlves and Actlvttles for the Publlc Benefrt CBRL advances public education through conducting, supporting. and promots'ng scholarly research in the humanities, social sciences, and related subject areas in the Levant. and the dissemination of the useful Tesults of such research. The trustees have taken due regard to the Charity Commission's guidance on public benefit in reviewing CBRL'S achievements and plans. Current and recent awards a￿ published on the website together with forthcoming and past events, news items, and blogs. The trustees draw attention lo the membership and interested users, seprfices detailed on w￿￿.cbr1.ac.uk.' provision of library services. accornmodation, meeting and research space, and acce5S to reference collects'ons, grants and scholarships, public lectures, academic workshops, and other related events. The CBRL Library, with its branches in both institutes and a unified catalogue, is focal resource for researchers and the broader public. CBRL is dedicated to the long-term goal of offering open access to all its publications, recognising the continuous challenges related to cost and sustsinability. CBRL'S journal publications have open access policies, though the publication of papers largely rely on authors arrangin9 the necessary funding. From January 2024, arrangements have been made with CBRL'S journal publishers to publish four open access articles for selected authors annually. CBRL contlnues to make more of its back catalogue available as open access online via Ihe JSTOR plattorm. new archaeological volumes will be placed directly online as open access. In 2022, CBRL embarked on an ambitious initsative lo make its archival materials available via an open access archival repository. The digital acce35ibility of archives and collections will enhance our significance, value and position amongst scholars and our broader communltles. Achlevements and Porfomianee CBRL fulfils its objectives through a programme of conducting. sponsoring and facilitsting research and the dissemlnalion of its In-house publications (Levant, Conlemporary Levant, and monographs}, supporting publication in other outlets, and by organising academic meetings, public lectures and webinars individually and in partnership, The website is CBRL'S primary d￿lta1 platfonn regularly updated with new content. The year 2023-24 has been a period of significant challenge for CBRL and all organisations working on and in the Levant. Our activities were profoundty impacted by the Hamas led attack of October 7, 2023, the Israeli military response and subsequent war. Ensuring the safety, security, and well-being of staff, researchers, and all CBRL users has been paramount throughout this period. Many events have been cancelled in consequence and the increasing difficulty of travel throughout the region has affected rèsearch plans. Conducting research in the Levant with military conflict and political upheaval raises ethical questions. Many associates of CBRL have been deeply affected by ongoing èvents, inctuding the loss of friends, family members and propety. CBRL'S commitment to its charitable objectives femains fimi and conb'nues to promote how research may foster understanding fDr the common good. Until October 2023, the 2023124 CBRL open grant call was successfully run, and Teceived high quallty applications, CBRL organised and participated in a varied programme of acts'vits'es and events, archival activities grew, and the occupancy of the hostel in Jerusalem was strong. After October 2023, C8RL's Kenyon Institute closed to outside visitors. C8RL's Amman Institute ￿mained open wilh significantly reduced visitor numbers. CBRL continued to develop the accessibility of its archives through digitisation, including the award of major British Library Endangered Archives Programme granl., launching a new 9rant scheme (C8RL Andrea Zerbini Awards) for UK and EU Pho students to trave5 for their research lo counlries in the Levant- and working collaboratively with fellow British Intemational Research Institutes {81RI) lunded by Ihe The British Academy. CBRL has upgraded its HR structures. policies and practices" and a proposal to upgrade CBRL'S consts'tution in line with best Charbti'es, practbce has been drafted. CBRL'S journal editors-in. The citatbon metrics for Contemporary Levant ar•.. 0.9 (2023) Citescore (Scopus) (1.0 in 2022) Q1 Cilescore Besl Quartilo 1.097 (2023) SNIP {1.490 In 2022) 0.158 (2023) SJR10.224 in 2022) Caroline Middleton serves as CBRL Monographs Editor in addition lo Edilor-in£hief of Levant. She continued to work on preparing new monographs, notably the publications of excavations at Iktanu, Jordan, by Kay Prag. and to support uploading additional past monographs as open access on the JSTOR platform. Two publications were made open access on the JSTOR platform Ihrough the work of the archives team.. Bulletins and Supplem8ntary P8P8rs of the British School of Archaeology in Jerusalem (1922-1931) and Mamluk Jemsal8m.' An Archrt8Ctural Study by Michael Hamilton Burgoyne (originalty published in 1987). Publications on C8RL-supported research (including current and former staff and fellows) include 3 monographs and 10 articles in peer-reviewed journals in 2023124. Abba8, Mohmoud. Zhongplng Lai. John D. Jansen. Hua Tu, Mohammad ￿Udah, Xiaolin Xu, Bety S. Al- Saqaral, Mu'ayyad Al Hselnal, Xianjiao Ou. Michael D. P8lraglia, and Paul A. Carling 2023 Human dispersals out of Africa via the Levanl. Sciencg Advances g{401 DOI: https.'lAY¥￿.SClenr￿.or￿dOi1fv1VlO.1l26IS¢IadV.3di6838. Fradley. Michael, Andrew Wilson. Bill Fintayson. and Robert Bewley 2023 A lost campaign? New evidence of Roman temporary camps in northem Arabia. Anhquity 97{3931'. e15. https.'Ildoi.orW10.151841aqy.2023.50. Allcock, Sam8nth8. Sarah Elliott. Emma L. Jenkins. Carol Palmer. Gary Rollefson, John Grattan and 8111 Finlayson 2023 Using Phytolith. GeochemiGal and Ethnographic Anatysbs to Inform on Sile Construction and Acli¥ilies in the Neolithic of Southwest A5ia- Case Studies from Wadi Faynan 16 and 'Ain Ghazal. Jordan, En¥imnment81 A￿haeo10gy, DOI.. 10.1080114614103.2023.2243114. Geoffrey F Hughes 2023 Being Bao during Ramadan: Tempofality, Historicity and the Refusal of Coevalness in the Anthropology of Islam. History and Anlhropology 34(5)". 88 903. https.'Ildoi.org110.1080102757206.2023.2216709. COUNCIL FOR BRITISH RESEARCH IN THE LEVANT ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Al Maani, Duaa and Shalha Mubaideen 2023 Integration of Cultural Heritage in Architecture.. a nalional sludy of Jordanian higher education. Inffemational Joum81 of Hen'tage Studies. DOI.. http$'.Ildoi.org110.1080113527258.2023.2284718. Mairs. Rachel 2024 Arabic ￿alogUes.. Phrasebooks and Ihe leaming ofcolloquial Arnbic, 179&1945. UCL Press. Milhen, Steven. A Richardson. and Bill Finlayson 2023 The ll¢)w of ideas: shared symbolism during the Neoliihic emergence in Southwest Asia: WF16 and Gobekli Tepe. Antiquity 97(394)'. 829449. 001:10.151841aqy.2023,67 Orzafl, Veroniea, lan Ffeeslone, Corisande Fenwick. Nadine Schibille. Yael GoriTrRo8en, Eliezer Stern. and Adrienne Ganor. 2023. European Materials in Crusader Window Glass from Acre. Journal of Glass Studies 85, 298-303. https..1A￿.1Slor.0rg1slabIel4875[K)54. Mubaid6en, Shatha 2023 Towards a bottom•UP approach for ¢ollal>oralion in Cultural Heiilage.. Ihe ¢a$e of the Coundl for British Research in the Levanl (C8RLI Amman Inslllute and the JEA'S Urban Herilage Preservatlon Committe&. Levant S5.3. 28&293, hllps.'Ildoi.org110.1080100758914.2023.2282822 Palmer, Carol 2023 Prof. Dr Zeidan Kafafi- Time and Place. in Conversation. in Susanne Kerner, Omar al-Ghul and Hanl Hayajneh (eds) Excav8tlons. SuNeys and Herit8ge.' Es$8ys on Soulhwesl Asian Archaeology in Honour of Zeidan Kofaff. Momi, Sludlen zur Vordor8$lati$chen Ar¢haOloglelStud￿S in Noar and MSddle Easl•rn Archaeology, Band 7 IML)nster,' Zaphon), pp. XXIII- XXXVI. Parr. Nora E.H. 2023 Novel Palestine.. Nation thm¢wh Ihe Wort(s of Ibrnhim hl8srn118h. Univers*y of Calrfomia Press. Pound, Matthew J.. C.J. Hazell. & E.P. Hocking 2023 The late Holocene Introduction of Jug18ns reg18 (walnut} lo Cyprus. Vegelafvon History 8nd Archaeobo18ny 32. 125-131. https'.11d￿.orgl1O.11xj7Is0o33￿2241o8￿x Kamal Sadiq. Gera8imo$ T8ourapas. 2023 The Transnati¢)nal Social Contract in the Global South, Intemalion81 Studies Qugrterty, Volume 67. Issue 4. December 2023. sqad088, Mtps.'Ildoi.oW10.1093118oJsqad088. Sandal-Wil8on, Chris 2023 Mand810ry M8dness.' Colonial Psychiatry and Mental Imness in Brilish Mandate Palestine. The Global Middle East. Cambridge University Pre8S. Sandri. Serena, Hu6sam Hus8eiTr, Nooh Alshyab & Jacek SagalowBki 2023 The European Green Deal.. Challenges arul opportunrties for the Soulhern Medrt8rrane8n, Medileff8ne8n Polits'cs. DOI.. 10.1080113829395.2023.2237295. De Vreeze, Michel and Kamal Badreshany 2023 Identity 8nd monumentality.. the construction of an EaTty Bronze Age landscape on the Lebanese coasl. Joumal ofAncienl Egyptian Inte￿OnneCtIOnS 37, 109-134. Wagner, Steven 2023 Espionage 8nd the 1935 Press War in Pal8Stlne'. Revlslllng Factlonallsm. Forgefles and Fake Nèws. Th8 English Historical Review, Volume 138, Issue 592, June 2023, Pages 528- S65, https.'Ildoi.org110.10931ehrlcead105. Events and outreach CBRL OTganised. collaborated on, partlcipated in. and sponsored a wide Tange of events in the ffirst six months of 202312024. Following October 7, 2023, activities were severely impacted. with most planned events cancelled or postponed. The CBRL hybrid AGM leclure by Professor Jean-Pierre Filiu (Sciences Po, Parls). "Gaza.. The Key to War and Peace in the Middle Easf,, held in December 2023, attracted a large audience. The long-running Palestin8 Refugees and International Law short course with Prof. Dawn Chatty and Prof. Susan Akram, organised by the Refugee Studies Centre, was held again at the Amman Institute in Mar¢h 2024. In total, 8 lectureslwebinars. 2 conferences, 3 workshops, and 6 outreach activilies took place in 2023124. There was an emphasis on in-person activities. The in-person. onllne and hybrid lectures, panel discussions and seminars wefe." The Lives and De8lhs ofJibr8il D8bdoub.' Or How the 8elhlehemil&s Discov8r8dAm8A(a, Book launch and discussion with Dr Jacob Norris (Sussex Universty) and Leila Sansour. Kenyon Institute in partnership with the Educational Bookshop. 9 May 2023 Cinvperson). rime 8nd Powerin Azrnq Refug88 Camp.. A Wirtual Book Discussion wilh Or Melissa Gatter (Sussex Universrfy), in partnership with Cairo University Press. 22 May 2023 (online). UNESCO Saving the Wortd? Refie¢tsons on UNESCOS Mid-GenftJry Mission in Conllict, Seminar led by Pfof. Lynn Meskell {University of Pennsyfvania). CBRL Amman Inslilule, 21 June 2023 (in-person). Paleslinian Idénlity and Agricutture.. Gaza as g Case Study. lecture by Asmaa Abumezled, 17 July 2023 (online). COUNCIL FOR BRITISH RESEARCH IN THE LEVANT ANNUAL REPORT YEAR ENDED 31 MARCH 2024 The Naq8b Bedouins- A Cenlury olPolilics and Resistance with Dr Mansour N8sasra {authorl and Afn8n Abu Yahia {discussant). Book Launch and public leclure and discussion to mark Ihe publicatson of the Arabic translation. CBRL Amman Institute, 28 September 2023 (iwefson). Humanitarian Uthnism- Thinkinq ol Crises Trnnsnatlonally. Semlnaf wilh Or Romola Sanyal (London School fo Economlcs and PolitlGal Science). Ali Fawaz. and Dr Hala Ghanem (The Ha8hemite Universtyl. CBRL Amman Instilute, 2 October 2023 {invperson). Gaz8.' The key lo warandpeace in Ihe Middle East, by Prof. Jean-Pieffe Filiu (Sciences Po, Paris). CBRL AGM Leclure 2023, Royal Asialic Society. London. 13 December 2023 (hybrid). cOnfe￿nCes. The Henlage 8 A￿haeth ￿Wan #7.. Archit8¢ture and Uthn Herit8ge. This annual event was C￿OrganIsed wilh al.Hussein Technical Universty {HTUI, C8RL, the Frenth Inslilule for Ihe Near East (ilpo). the German Pfoleslanl Instslule ofArchaeology (GPIAI and the American Cenler of Re8e8rch {ACOR}. Al-Husseln Technlcal University, Amman, 22-23 July 2023 lifvperson). BIRI Interdisciplinary Confeffjnce." Sustainable Waler Management.. Leaming fffjm the Past to Infonn the Futurn. The Brllish Academy, I￿16 March 2024 (hybrid). WoFkshops'. LTrsp18cemenl, D6v8lopm8nl & Him)anrfarfan Response in Jordan. Showc88e of research ond teachin9 at Ihe University ol Bath wilh Prol. J88on Hart and Dr Kalharin8 Lennar. CBRL Amman Inslilule, 10 May 2023 lin- person). Workshop of the Workin9 Group lor establlshing an Intemallonal Palesllne Studles Assoclation, Exeter Vniverslty. 23-24 June 2023 liTrperson>. Global Syneoies and Iha Queslion olPalestine. Exeter University, 64 July 2023 li￿perSOn}. Palestlne Refugees and Intem8tional Law (Short cour8e}, Prof. Dawn Chaty and Prof. Susan Akrarn. organised by the Relugee Studles Cenlre, Oxford Un6ver8ity and hehj ot C8RL Amman InGtitute, 1&16 March 2024 (in- person). Outreach activities,. W8lerReSoU￿eS.' Management 8nd Sust8in8bility in Jortl8n Irom Pffj-History towa￿$ the Fulure.. The Case of Umm el-Jim8lArchaeolo￿e8l Sité. Lecture and sile ¥isit Iwilh ICOMOSJordan. the Herilage Committee at Jordan Engineers As80Clalion and al Alb8yt Univer8ilyl. 6 May 2023 liTrpersonl. The Document81ion ollnl8nglble Hertage, wilh archllect Toqa Al-oran and the filmmaker Khadila AkFaqeef wllh the Fikra team. an architectural youth initiative. C8RL Amman Inslitute, 22 May 2023 (In person). P81•stln8 and thé Global South, P8lesline Llt8ratUfe Festlval (PALFEST), Dr Toufic Haddad, Keynote Op•ning Nlght Speaker, Ramallah, 20 May 2023 {lTrperson). Talks by C8RL al The British Academy Summer Showcase 2023.. Aeri81 A￿haed09Y in Ihe Middle E8sI, by Dr Robert Bewley., Transfonnalive Polential of Inte￿Onnected Archives. by Freja Howatt,. and The Old City of Jernsalem's Is18mic Cullural Heritaqe. In>rn the 19305 lo the 2020s, by Jessica Holland, 17 June 2023 {in- person). Wrifvng the City." Amman at Poinl Blank Range. workshop on the design arKI layout of the bo(A( led by Dr Hi5ham Bustani. CBRL Amman Institute, 19 Augug12023 (l￿￿T50n). Jabal Al-L£hveibd8h, Anmnan. Architectural and historical walking tour wrlh the Fikra initiative team, 9 September 2023 (in-pefsonl. CBRL offices/lnstltutes, archlves. and librarles Staff in London benefit from the facilities of The British Academy in central London. including BIRI shared office space. and are looking foNard lo Ihe completion of building works that will offer digitally enhanced event spaces on the lower floors later in 2024. The Amman Institute entered ils second year at its new location and offices in Jabal Al-Luweibdeh, with steadily increasing numbers of visitors and acb'vities during the firsl half of 2023124. The new facilities offer comfortable and accessible spaces to staff. visiting researchers and members of the public for study, work and ne￿orking. The COUNCIL FOR BRITISH RESEARCH IN THE LEVANT ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Kenyon Institute continued to benefit from recent renovations, with the hostel recording good occupancy figures and access to the library available to residents and visitors by appointment. After October 7, 2023, Jerusalem staff worked diligently to safeguard the premises, library and archives. CBRL'S strategic priority on mapping and digilising archiv8s and improving library provision slarted in 2022 and continued to expand in 2023124. The successful award of a major British Library Endangered Archives Programme {EAP) grant ents'tled 'Understanding Mandate Palestine through th8 Publicatiorss and Archive ol the British School of Archaeology in Jerusalem, was a significant boost. The grant runs for one year. from August 2023 to the end of July 2024. to create high-quality digital archival Gopies of 99 rare books dating between 1619-1950 and archival materials dating 1919-1950 consisting of around 33.000 pages from the holdings at the Kenyon and Amman Institutes altogether. Additional staff were recruited for the project. and new digitisation equipment was purchased for the Jerusalem and Amman institutes. All staff received training from experienced Jerusalem archivist and Co-projecl lead Qasem Abu HaTb. The Islamic Jerusalem Archive Project (IAPI continued with the online publication of the e-book Mamluk J6rusalem.' An Architectural Study by Michael Burgoyne (19871, open access on CBRL'S JSTOR platform, and an accompanying online exhibit in ArcGIS Storymaps made available Ihrough the CBRL websile. The IAP is supported by the Al Tajir Trust. with Ihe aim of digitising and making freely available all three volumes in the Islamic Jerusalem series covering Ayyubid. Mamluk and Ottoman buildings and monuments as well as selected digitisation of representative archive materials. In 2023124, the Joint British IRI Digital Coordination and Strategy Project with fellow BIRI continued into its second year, wrth fvnding from The British Academy, to link the archival work of the BIRI together and support shared outreach and engagement through shared histories. Facllltatlon and r•pres•ntation CBRL has an essential role in providing advice and facilitation, as well as representation of the organisaiion and the region. Both Directors actively support CBRL-sponsored and all visiting r8searchers,' and work collaborativety with universitles, government, nonwgoveTnmental and community-based organisalions. In 2023124, CBRL collaborated with individuals representing 23 organisalions in the UK and 36 from organisations in the region. Slgnificant projects facilitated by CBRL in 2023124 indude those for the 27th yèar of the long-runnlng Aenal Archaeology of Jordan Project with the Jordanian Royal Air Force for two flying campaigns in November 2023 and March 2024; and the study of British colonial architecture at the As-safawi, HS, Pumping Station, a CBRL-sponsored project to Ourham University and Shatha Mubaideen as project manager based in the Amman Office. The C8RL Amman Institute continues to be highty gratefvl for the support received for its work in Jordan from Prince Hassan bin Talal, our pation, and by Princess Sumaya binl El Hassan, President of Jordan's Royal Scientific Society. CBRL employs staff in three locations.. in London, Amman and Jerusalem. Plans The Trustees and Directors of the Institutes continued consulting on C8RL's strategy and four-year businèss plan to 2025, designed to refresh and renew its mission of supporting and disseminating research on the Levant on a sustainable basis for the common good. The new strategy recognises the changing environment in funding sources. researchers, needs and priorities, and the relevance of our activities to the countries of the Levant. The escalation of regional confliGt has presented Challenges in advancing C8RL's strategic goals in 2023124. CBRL'S strategy to 2025 is structured around three core priorities.. Prolecling and enhancing research excellence Expanding reach and engagement Strengthening the organisation and its operating model COUNCIL FOR BRITISH RESEARCH IN THE LEVANT ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Our activitles to support these objectives include.. Reviewing and modemising our governance structure: Raising funds for new projects, fellowships, to offer opportunikn'es to postgraduate students and to support ourwork in the UK and the region; lnv8sb.ng in our ￿brar1e8 and the accessibility of our archives and research resources, physical and digital., Formalising strategic partnerships with UK and regional HEIS and organisations sharing our mission and vision-, Building on opportunittes presenled by the renovation of the Kenyon Institute premises and move of the Amman Institute to attract new and returnee users by providing excellent research and networking spaces; Building on enhanced opportunities for digital engagefflent and outreach. including improving measurements to evaluate impact., Continuing to upgrade HR structures and practices., Designing and developing a comprehensive fundrdising strategy; and Increasing collaboration with fellow Brits'sh International Research Institutes (BIRI) CBRL continues to foster research according to the followlng themes: Heritage -'Understanding the past ... and its presenl impacts, Stales, societies and cultures of the Levant Cities and urbanisation Refugees. migration, displacement, and diasporas Challenges of suslainabilty and resilience Grants Policy Grant opportunities for research project grants are available for early career and established researchers based in a UK HE institution to undertake a project lup to £10,000).. residenlial fellowships are available for early career and established researchers. based in a UK HE institution or within 10 years of obtaining a PhD at a UK university if based in one of the countries within C8RL's remit to undertake a period of research (typically three months) at the CBRL'S inslilutes in Amman andlor Jerusalem; travel grants are avallable for doctoral students registered al a UK HEI or postdoctoral members of siaff at a UK HEI to undertake travel in the Levant., and research support grants are available for researchers based in one of the countries within CBRL'S remit for graduate students reglslered at a university in the Levanl to undertake project ￿searCh lup to £1,200). The travel grants available lo Pho researchers and research support grants to researchers from the region are funded by members, donors and our ￿serVeS, as the specific terms do not allow us lo support PhD work from our 8A grant. Ne￿Ork Partnershlp Awards are offered to establish or develop research partnerships betsveen UK- and Levant-based postdoctoral researchers. The CBRL Andrea Zerbini Award5. launched in 2023124. offer two grants of up 10 £4.000 each to support UK and EU Pho researchers. CBRL grant and award opportunities are advertised in academic and research institutions and online ICBRL websrte and social media). Applications are reviewed on their academic merit through a stringenl peer review process by appropriate experts, including those not associated with CBRL, The CBRL Research sU￿¢0MMittee makes the final selection. Applications are onty reviewed on academic merit and do not consider the ethnicity, gender, age, disability, sexual orientation, religion, and personal financial circumstances of the applicant. Projects are funded and monitored annually. Fundralslng Pollcy We receive most of our funds through restricted (proiect) or unrestricted (general) granl support from institutional funders, primarily a grant-in-aid from The British Academy, along with some charilable trusts and foundations and grant income for academic projects. We use our rnernbership fees and raise donations from our members to provide research opportunities, such as travel grants for UK 10 COUNCIL FOR BRITISH RESEARCH IN THE LEVANT ANNUAL REPORT YEAR EhlDED 31 MARCH 2024 postgraduates and scholars from the LevanL We raise funds from inslilutional donor5 for major projects. fellowships and conference sponsorship. CBRL does not ernploy third-party fundraisers or raise funds from the general public. All our staff follow the Code of Fundraising Practice outlined by the UK'S Fundraising Regulator. During the year, there have been no complaints about fundraising. Flnanclal Rovlew The financial ststements have been prepared In accordance with the accounting policies set out in the notes to the financial statements and compty with the governing document, the Companies Act 2006 and Accounting and Reporting by Charities.. Statement of Recommended Pracb'ce applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (the'charities SORP.). The British Academy grant covered the year to 31 March 2024 and is divided be￿een a core, or main, grant and the Business Development Fund (BDF) which is intended to develop CBRL'S long- term financial sustainability and is subject to separate annual bids to The British Academy. The main BA grant for 2023124 was the second year of a Iwo-year agreement ending on 31 March 25. The amounts awarded for 2023124 were £618,995 (main grant) and £122,573 {BOF grant). The tr140 grants made up 85¥0 of the totsl funds received which is the same as the previous year. CBRL continues to develop inits'atives to raise an increasing proports'on of Its funds from non-BEIS sources and to seek lo raise its free reseries to make it both less dependent on a single lundlng source and more resilient to Y¥vings in fop•Yard planning. We also received our regular contributions to unrestricted income from membership, publishing royalts'es and contributions. bank interest, hostel accommodation and offi'ce space rental, total £71.747. The overall result lor the year is a surplus in the general fund of £1,712 leaving unrestricted reserves of £361,125. Restricted reserves had a net movement of £32.496 leaving restricted reserves of £139.974. Our ongoing financial planning strategy is to minimise risk through matching our permanent cost base to the core grant, while growing our activities on the basis of income generation from other sources including involvement as principal or partner in other granl-funded Inltiatives and fundraislng for specific purposes such as major Pfojects. fellowship5 and conference sponsorship. Reserves Pollcy Charity Cornmission guidance defines free reserves a5, income which becomes availab￿ to the charity and is to be expended at the trustees, discrets'on in furtherance of any of the charty's objects, but is not yet spent. commrtted or designated.. The trustees have examined the needs and challenges faced by the Charity in both the short and medium term, along wlth relevant financlal forecasts, and have formulated a policy to meet those needs. The existing free reserve policy set by the trustees is a level where at least the equivalent of four month$ of nomial expendlture is maintained, recognising that some of the potential rlsks lo our operation may cause a significant loss of local income streams. Based on expendrture that is planned for 2024125, this policy would require free reserves in the order of £200.000. CBRL has current free reserves of £303,749. 11 COUNCIL FOR BRITISH RESEARCH IN THE LEVANT ANNUAL REPORT YEAR ENDED 31 MARCH 2024 At the balance sheet date. free reserves comprised the following.. 2024 Total funds per Balance Sheet Deduct.. Restricted Funds (Note 9) Fixed Assets held for charity use (Note 5) Free Reserves at 31 March 2024 501,099 139,974 57,376 303,749 The trustees wil assess this policy on an ongoing basis. Governance and Managemont Constitutlon The Council for British Research in the Levant {"CBRL") is a charity registered in England and Wales (Number 1073015). It is also a company registered under the Companies Act 2006 (Number 3566646). CBRL is governed by its Memorandum and Articles of Association supplemented by Byelawg. co￿Orate Governance Management of CBRL is vested in 8 Committee of Management, which consists of not fewer than five members elected by the CBRL membership in addition to those serving by virtue of their office. Honorary Officers elected al the AGM in 202312024 are the Chair, Honorary Treasurer, Honorary Secretary, Honorary Research Chair. and Honorary Publicab'ons Chair. Editors of CBRL'S journals and monographs are no bnger requlred to be trustees. All members of the Commlttee must be C8RL members. The Committee of Management is the CBRL'S Board of Truslees, and its members (other than the President) are the trustees of the CBRL. Ordinary trustees seNe for a maximum period of four consecuts've years. On 8lection, trustees are given a copy of the Memorandum and Artlcles of Association, a copy of the Byelaws and C8RL procedural documentation. They are offered guidance on the role and responsibilities of trustees of registered charities. Trustees oversee management through quarterly meetings of the Board, scheduled meetings of the sub-committees, and where necessary, on an ad hoc basis via email, telephone or internal secure messaging, as appropriate. The AGM was hekl in December 2023. The Committee of Management is supported by specialist subwcommittees whose membership is supplemented by staff members and, where required. ty addilional exlernal guest members. Finance and Governance.. J Shakeshaft (Chairl, Dr R Bewley (until December 2023), T Thomson, and Sean Hird. Research.. Prof G Barker (Chair until December 2023), Prof A Arsan (Chair from December 2023 until June 20241, Or K Badreshany (Acting Chair from July 20241, Dr N Naser-NaJJab (until June 20241, and Dr R Sparks (until December 2023). Dr B Baser and ProfT Insoll setNed as external guest members and advisors and then as trustee sub¥committee members following their election in December 2023. Dr B Baser resigned as trustee in June 2024 bul mains a guest member. Publicalions.. Prof G Barker (Chair until December 2023}, Prof G Philip (Chair trom December 2023), Dr S Irving (Contemporary Levant Editor-irFChief, eX￿ff￿1o), Dr C Middleton (Levant Editor-in-chief, ex-officio), and external guest member and advisor Dr Jennie Bradbury. Human Resources.. T Thomson (Chair until December 2023. continuing as a sub-committee member). Prof G Philip (Chair from April 2024) S Ewans (Chairfrom January to March 2024), D Longe. K Owen (until December 2023). 12 COUNCIL FOR BRITISH RESEARCH IN THE LEVANT ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Development: Dr N Phoc&Cosmetatou (Chair until December 2023). Dr R Bewley. Dr S Hird, T Thomson and J Shakeshaft (Acting Chair Each sU￿¢0MMittee has its own terms of reference. and their reports are standing ag8nda items for the Committee of Management. Owing to the increasing professionalisation of CBRL'S operations, a review of CBRL'S consb'tulion, committee structures. honorary officers. trustee roles, and membership structure Is ongoing. Ad-hoc appointments panels contlnued to be set up to appoint new members of staff and for trustee recruitmenl, as well as ad-hoc working groups for time-limited issues of slrateglc importance. In recent years these have been fundraising (now the development sU￿COMMIttee) and library working groups. The Commitlee of Management is responsible for considering and approving all Ihe recommendations of its su￿ComMittees, working with the CBRL directors, developing the overall strategy and direction of the CBRL. CBRL conts'nues to review and monitor its statement of principles, policies (codes of conduct and gift acceptance), and grant management. Day-t04Jay management of the CBRL Is delegated to the Directors who act both as institute dlrectors and ex-officio members of committees. Dr Carol Palmer, the CBRL Director and CBRL Amman Institute Director, directs operations at all l¢xations. Dr Toufic Haddad, Ihe Kenyon Institute Director was responsible for 81aff and operations in Jerusalem, also acting as CBRL Deputy Director unlil March 2024. The directors are active researchers in addition lo their administrative and operational responsibilities. Remuneratlon pollcy The governing principles of the Charity's draft remuneration policy are as follows.. To ensure delivery of the Charity's objectives To attract and retain a motivated workforce with the skills and expertise necessary for organisational effectiveness That remuneration should be equitable and coherent across the organisation while recognising the particular complexities of employing staff in several countries To take account of the purposes, aims and values of the Chan'ty To ensure that pay levels and pay increases are appropriate in the context of the interests of our beneficiaries. Senlor Executlve R•muneration CBRL considers the following principles in terms of the remuneration of its senior executives.. To ensure that the Charity can access the types of skills, experiences and competencies that il needs in its senior staff. the specific scope of these roles in the Charty and the link to pay. The nature of the wider employment offer made to senior employees, where pay is one part of package that includes personal and career development, personal fulfilment and association with the public benefit delivered. The Charity recognises that it is, on occasion. possible to attract senlor executives at a discount to public sector or private seclor market rales. In line with the recommendations of the NCVO Inquiry into Executive Remuneration published in April 2014, the Charity has decided to disclose the ￿MUneration of Ihe Executive Team, which for 202312024 compnsed the directors at the overseas institutes. Remuneration for the year ended 31 March 2024 comprised salary and pension contributions. There are no olher pecuniary benefits for senior or other staff at the Charity. Rlsks The Board has accepted the wider responsibilities in the revised 'Statement of Recommended Pracilce Accounting and Reportln9 by Charities. Issued by the Charity Commission In October 2000 as updated by SORP 2015. The Finance and Govemance SU1￿COMMIttee reviews management and financial procedures to ensure the identificab'on of major risks to which Ihe CBRL may be exposed and to ensure appropriate syslems are in pla￿ to mitigate them. Responsibility for reviewing and 13 COUNCIL FOR BRITISH RESEARCH IN THE LEVANT ANNUAL REPORT YEAR ENDED 31 MARCH 2024 updating the CBRL risk register is currently held by the Honorary Secretary, who is a member of the Committee of Management. Finance and Govemance and HR sUb￿0mMittees. Risks to our activities arise from regional instability and the potential impact on the security of our Institutes, staff, and visiting researchers. CBRL cannot replace Ihe risk assessments undertaken within UK HEIS {Higher Education Institutions) nor accept responsibility for visits-ng researchers and students, but C8RL works to minimise risks to staff and visitors. PrO￿dureS have been updated to ensure that researchers visiting our two overseas Institutes have undertaken their own risk assessments. The operation of our Instrtutes is reliant on relevant pemiissions from authorities in the terntories in which they are situated, where CBRL maintains two institutes one each in Jerusalem and Amman. Foreign NGOS and learned societies are increasingly subjecl to enhanced scrutiny throughout the Middle East which causes frustration of the fulfilment of our educational purposes. C8RL mitigates these risks by demonstrats-ng benefit to the local community and researchers {e.g. the institute libraries and through partnerships on research projects) and building strong relationships with all relevant local and international stakeholders. The other material risk faced by CBRL is in respect to its core British Academy lunding. The Brits'sh Academy core funding levels in 202312024 were reduced from 202212023. noting that the contingency fund for all BIRI has now been incorporated Into the main grant. Advance nots'ce of a reduction in The British Academy award for 2024125 led lo redundancles at the end of March 2024, including the Kenyon Institute DirectorlDeputy Director and Strategic Projects Director. CBRL is continuing ils efforts to reduce costs and raise additional funds. Tru•t•e Respon8lbllltles In r•latlon to tho Flnan¢lal Statements The trustees (who are also directors of the Council for British Research in the Levant for the purpose5 of company law) are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting Practice.) Company law wuires the trustees to prepare financial statements for each financial yeaf which give a true and fair view of the state of the affairs of the charitable company and of its income and expenditure for that period. In preparing these financial statements, the tTUStees are required to., select surtable accounting policies and then apply them consistenlly,. observe the methods and principles the Charities SORP; make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards, including FRS 102, have been lollowed, subjecl to any material departures disclosed and explained in the financial stalemenls.. state whether a Statement of Recommended Practice {SORP) applies and has been followed. subject to any material departures which are explained in the financial statements prepare the financial statements on the going concern basis unless it is inappropriale to presume that Ihe charitable company will wntinue in business. The trustees are responsible for keeping proper accounts'ng records that disclose with reasonable accuracy at any time the financial posib'on of the charitable CL)mpany and enable them to ensure that the financial statements comply with Ihe Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevenlion and detects'on of fraud and other irregularities. None of the trustees had any beneficial interest in any contract to which the company was paty during the year. Each of the trustees has confirmed that so far as helshe is aware, there is no relevant audit information of which the company's auditors are unaware, and that helshe has taken all the steps that he ought to have taken as a trustee in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. 14 COUNCIL FOR BRITISH RESEARCH IN THE LEVANT ANNUAL REPORT YEAR ENDED 31 MARCH 2024 This report also represents the directors, report as required by company law. These financial statemenis have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard 102. Signed on behalf of the Council by.. Jw4 Trustee.. John Shakeshaft (Chalr) Trustee.. Prof Grsham Phillp 14th Oct 2024 Date. 14th Oct 2024 Dale.. 15 COUNCIL FOR BRITISH RESEARCH IN THE LEVANT INDEPENDENT AUDITOR'S REpoKr YEAR ENDED 31 MARCH 2024 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE COUNCIL FOR BRITISH RESEARCH IN THE LEVANT Oplnlon We have audited the financial statements of the Counol for British Research in the Levant (the 'charitable company.) for the year ended 31 March 2024 which comprise the Statefflent of Financial Activltle8. Balance Sheec statement of Cash Flows and notes to the finandal statements, Includlng a summary of significant accountlng pollcles. Th8 financial reporting framework that has been applied in their preparation is applicable law and Un6ted Kingdom Accounting Standards, induding Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Ganeralty Accepted Accounllng Practlce). In our opinlon. the financial ststements.. give a true and frdlr vlew of the slate of the charitable cornpany's affairs as at 31 Marth 2024 and of its incoming resources and appli¢ats'on of resources, including Its income and expendlture, for the year then ended., have been property prepared in accordance with United Kingdom Generally Accepted A¢¢ounting Prdctice,. and have been prepared in accordance with the requirements of the C¢mpanies Act 2006. Bas18 for oplnlon We conducted our audit in accordance wilh International Standards on Auditing (UK) IISAS (UKI) and applicable law. Our responsibilities under those standards are further described in the Audiiofs respon8ibilitieJ for the audlt of the financlal statements section of our report We are independent ol the charitable company in accordance with the ethical requirements that are relevant to our audit ol the financial statements in the UK, induding the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that th8 audit evidence vffj hove obtalned18 Sufficient and appropriate to provide 8 basi8 ft>r our opinion. ConcluBlons relatlng to golng ¢on¢¢rn In auditing the financial statements, we have concluded that the trustees, use of the going concern basis ¢f accountsng in the preparntion of the financial 8tatements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period af at least twelve months from when the financial statements are authorised for issue. Our responsibilitles and the responsibilities of the tfustees with fespect to going concem are described in the relevant sectlons of thls report. Othor Inforniallon The other information comprlses the Infom￿tIon Induded in the annual report other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information contalned within the annual reporL Our opinlon on the financial statements does not cover the other infomiation and, excepl to the extent Othe￿1Se explicity stated in our report, we do not express any form of assurance conclu51on thereon. Our responsibility is to read the other inforniation and. in dolng so. consider whether the other inf0m￿tiOn is m8t•rialty inconsistent with the financial stslements or our knowledge obtained In the course of the audit or otherwise appears to be materially rnis¥tated. If we identify such material inconsistencies or apparent material misstatements, we are required to detennine whether this gives rise to a material misstalement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a Material misstatement of this other infomBtion, we are required to report that facL We have nothing to report in thls regard. 16 COUNCIL FOR BRITISH RESEARCH IN THE LEVANT INDEPENDENT AUDITOR'S REPORT YEAR ENDED 31 MARCH 2024 Oplnlons on other mattern prescrlbed by the Companle8 Act 2006 In our opinion, based on the woth undertaken in the course of the audit: the information given in the trustees, report, which includes the d1￿CtOrS, report prepared for company law purposes, for the financial year for which the financial staternents are prepared is consistent with the financial 8tstements,' and the directors, report included wthin the tru8tee8' report has been prepared in accordance with applicable legal requirements. Mattern on whlch w• arg rnqulr•d to r•port by •xcoPtlon In Ihe light of the knowledge and understanding of the charllable ￿Mparty and its envlronment obtalned In the course of the aud6t, we have nol Identified material misstaternents in the trustees, reporL We have nothing to report in respect of the following matters in relation to which the Compantes Act 2006 requires us to report to you if, in our opinlon: adequate accounting records have not been kept, or returns adequate for our audit have not been recelved from branches not Vi91ted by us,. or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of In￿te88, remuneration 8peclfied by law are not made: or we have not received ell the information and explanations we require for our audit., or the trustees, were not enllled to take advantage of the small companies, exemptions In preparing the trustees, report and from the requirement lo prepare a strategic repo R•6pon8lblllll•s ol tn18t• As explained more fully in the trustees, responsibilities Statement the tNstees (who are also the director8 of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for 8uch internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or em)r. In preparlng the flnanclal statements, the trustee8 are responslble for assesslng the charltable company's abillty to contlnue as a going concem, disdoging, as applicable, matters related to 9olng concern and uslng the going concern basis of accounting unless the trustees elther intend to liquidate the charitable company or to cease operations, or have no Tealistic alternative but to do so. Audltorf• re•pon•lbllltle¥ for th• audlt of the flnanclal •lat•m•nts Our objectives are to obtain reasonable assurance about whether the financial statements are free from malerial misstatement, whether due to ftaud or error, and to issue an audrto¢s report that includes our opinion. Reasonable assurance is a high level of assurance bul 1$ not a guarantee that an audit conducted In accordanee wilh ISAS (UKI will alvAys delect a material rnisstalement when It exists. Misststements can arise from fraud or error and are considered material if. individually or in aggregate, they could reasonabty be expected to influence the economic decisions of users taken on the basls of these financial statements. Irregularities, induding fraud, are instances of non comprised ot. Inquiries of management and the Trustees as to whether the enlity complies with such laws and regulations,. enquirias with the same concerning any actual or potential litigatlon or clalms,. inspection of relevant legal correspondence,. view of Trustee meeting minutes., testing the appropriateness of journal entries" and the performance of analytlcal revlew to identify unexpected movgmants In account balances which may be Indlcats've of fraud. No instances of rnaterial non-cornpliance were identified. However, the likelihoijd of detecting irregularities. induding fraud, is limited by the inherent difficulty in detecting irregularities. the effecb'vene88 of the entity's controls, and the nature. timing and extent of the audit procedures perfomied. Irregularits'es that resutt trom fraud might be inherently more difficult to detect than irregularities that result from error. As explained above. there is an unavoidable risk that matertal misststements may not be detected, even though the audit has been planned and perfomied in accordance with ISAS (UK). AS part of an audit in accordance wilh ISA8 (UK), we exercise professional judgment and maintain professional 8ceptlcl8m throughout the audiL We al80: Identify and assess tha risks of rnaterial misstatement of the financial statements, whether due to fraud or e￿Or, design and perfom audit procedures responsive to those risk9, and obtain audit evidence that is sufficient and appropriate to provi(Je 8 basis for our opinion. The risk of not detecting a Material misstatement resulting from fraud is higher than for one resulting from eiror, as fraud rnay involve collusion, forgery, intentional omi55ion$, misrepresentation¥. or the overrida of Intemal control. Obtain an understanding of intemal control relevant to the audit in order to design audit proGedures that are appropriate in the clrcurnstsnces, but not for the purpose of expressing an opinion on the effectivenegs of tha charitable company'8 internal conlrol. Evaluate the appropriateness of accounting policies used and the reasonableness of accounling estimates and related disclosures made by the trustees. Condude on the appropriateness of the trustees, use of the going concem basis of accourrting and. based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast Significant doubt on the charitable company's ability to continue as a going concem. If we conclude that a material uncertainty exists, we are required to draw attention In our auditors report to the related disclosures in the financial statements or, If such disdosures are Inadequate, to modlfy our opinion. Our conclusions are based on the audit evidenc* obtsined up to the date of our auditor's reporL However, future events or conditions may cause the charitable company to cease to continue as a going concern. Evaluate the overall presentation. structure and content of the financial statements, including the disclosures, and whether the financial statemenis represent the underlyin9 transactions and events In a manner that achleves falr presenlatlon. We communicate with those charged with govemance regarding, among other matters, the planned scope and timing of the audit and significant audil findings. induding any significant deficiencies in internal control that we identify during our audiL 18 COUNCIL FOR BRITISH RESEARCH IN THE LEVANT INDEPENDENT AUDITOR'S REPORT YEAR ENDED 31 MARCH 2024 Opinion on other matter as required by The British Academy granl letter In our opinion, in all material aspects. the grant payments from The 8ritish Academy have been applied In acLordance with, and for the purposes set out In, the AgreemenL Use of our roport This report is made sc4ely to the chantable company's members, as a body, in accordance with Chapter 3 of Part 18 of the Companles Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responslbi1Sty to anyone other than the charitable company and the charltable company's member3 as a body, for our audit woth. for this repor( or for the opinions we have formed. Elizabeth Wick8 S•nlor Statutory Audllor For and on b•half of wmr Chartered Accountants and Statutory Audttorn 4 Beaconsfield Road St Albans ertfordshlre AL13RD Date.'14 Octob•r 2024 19 Statement of Financial Activities (Incorporating Income and Expenditure Account) For the year ended 31 March 2024 Council for British Research in the Levant UM•rtr*l•d A•thl¢tsd Totsl UnMirfrt•d R•strlcl T•t•l 31 Maf 11124 31 Mar 2014 31 2024 ' 31 Mar1023 31 M•v 2021 31 Mar 1023 l•$ re#*eOI l•$ r¢st•tedl las iui•t¢dl lrtomè •nd Endowm•htsfrom: Donatlons and Le8ades hifiioble Attlvltles 6.831 741.568 74&399 5.260 724.037 729,297 21bl 21ci 57,505 7.411 77.709 135,214 7.411 73.294 2.271 118,238 2.271 In¥e5tment5 Toul Y1.747 819277 8111.014 768.981 9106 Exp•ndltur• oh.. R•lslrta Fuhd$14s festatedl Charltable Actlvltl*s 87.711 696.997 87.711 769.105 74.994 839.42a 74.994 895,037 71108 55.614 Total 71108 784,708 856.•L6 55.614 914,417 970.031 Net IncomEllexppndlturnl TTrnsfersbei*een funds 14,569 15.211 146M181 1145,4361 46.018 11103151 2.073 120731 N•¢ Mo¥•meni lfi Funds 1.711 32A96 120J071 199,4111 1120,2251 Il•¢on¢lll•tlon olFynds Funds brought forward lasrertatedl Fund5 c•rrltd lorward 91bl 359.413 107,478 466.891 3W.120 .896 587.116 361.12$ 139.974 501.099 359.413 107.178 466.191 CBRL Financial Statements year ended 31 March 2024 20 Balance Sheet For the vear ended 31 March 2024 Council for British Research in the Levant Notes rotsl Totsl 31 M*2014 31 MaT2024 31 Mar2024 31 Mar 2013 IM r•stat•dl Fixed Assets: Tangible asseis T•tsl FIM•d Ass•ts.' 57,376 S7,376 57.376 66.404 66N04 57J70 OJrr•ntas*ts". Oebtors 2,258 321,521 J23,7n 43,823 236,618 280,441 46.081 37,399 546,119 583,5 Cash at bank and In hand 558,139 604,220 Totsl Currnnl Msets., Llabllltles Ciedilors.. Amounts f#llin8 due wllhSn one ¥e4r 20.030 88,933 77,420 Net CUTreni •ss•ts 303.749 211,538 515,287 506,098 Provlslons 7J.$64 71.564 105.611 Total net amtts 361.125 139.974 SOl.O99 466,891 Totsl fvndi •lthe ch•rlty Restrided funds 139,974 139,974 361,125 107,478 359,413 Unrestrlaed f¢Jnds 361.12$ T•tsl Fund5 olth• Charlty a61.125 139.974 SOi,099 466,891 fte8lstered Charlty Number . 1164694. reglstered Company Number .' 09388752 The Trustees acknowledge thelr responsiblSltles for complylng with the requirements of the Companles Act 2006. Under Companles Aci 2006. Sectlon 454, on a voluntary bas15, the trustees Can amend these flnanclal statements if they subsequently prove to be defective. The financial statements are prepared in accordance with the 5peclal provisions applicable to companles subject to the 5rnall companies reglme. Approved by the 8oard of dlrectors on 14th 0¢12024 and signed on its behalf Name.. John Shakeshaft Sl8nature: Name.. Prof Graham Philip Signature: CBRL Flnancial Statements year ended 31 March 2024 21 Statement of Cash Flows For the year ended 31 March 2024 Council for British Research in the Levant 2024 l•s¢ès¢•t*dl et t3shftowprs>4lded by lused ln10ptr￿1n&atti¥itles1t10t*AI 19.3S7 1195.7761 C•shlh)w Irom Iw•sil￿a￿IVMOqs'. 8•s)k Interest 7.411 P￿rth•S• olt•n¢hbl•flxeO 1ss•ts 13.0091 17611 2014 P4ffl Incom• 34,201 1120.2251 Otpretlèiioncharyes 8•nk Inttitst 16,36S 17,4111 835 13,484 21e) 122711 Pr(¥fiVllassl on si￿0111t￿ 155ets Iincfea*ellOecreaseln debio Intte8se/lOetre8Stlln ciediiof5 Inue•sellOecre•5•11n pr¢¥ls 18,6821 18,OB9 134.¢M71 19,157 114.7901 152,9421 119S,7761 Ch•wln uih •fyd 4gulY•l•ili In th•y•pM1￿pV1tsd Ch￿￿•1￿ cwh ind iqylvllents due lolxctsny IIt*fflD¥émertrs 10,596 1197.3141 16,5761 Y6,119 55•,139 19551 744.388 Y6,119 Cash •nd¢ash eq¥iwlent$broyfftfww¥rd C8RL Financial Statements year ended 31 March 2024 22 Notes to the Financial Statements For the year ended 31 March 2024 Council for British Research in the Levant l Accounllni pollcles 10191. wewred*•¢t4rdantew4hthe fffiMd4Reportln•St•*rd•ppflc•¥othth• UK•r4I•wbfi¢olly•tsy¥lFR5101), •tyr•rnents. I￿rnIkI￿thE WryconEeffl &￿tt￿nIthE trusttts￿veLwA1￿thE probAE4trtythfBilttshAEaderny I￿￿￿¢CL￿￿n￿lWu1￿*aPp￿)N1rna1E kn1s&waidEdforFf w&￿r•4￿￿￿rn•fiIt0gmThth*¥mI i•quh•i• w¢in¢ p•rftyAwt¢• t•b• •rt4Md11,•. p•rfwfft•rrt4 rol•Mdwntlth•nlr<•mlyfVAPJI(M•rer•¢renlÉ•dtynly¢•ih••*•ni th•1 d•f•Nodtsieoffi•. Id) Flx•d Fyrréi¥r•, pUbl￿tIll k• C8RL Firnanclal Statements year ended 31 March 2024 23 Notestothe Finandol Statèmerts¢ontinued Th•romp¥nyb•X6n7 £IiW•Equl￿ti￿u,O?9rntrtl¥ndm¢9￿P￿￿lrt￿ fflairtvNrt•..É1.9Y4 16 thJMie4 thJirJnr0At*¥•lu￿. NotffjobpUrCh•￿￿ Lwrumjknwlw. Ind rnr•tsupkn. In￿lI￿￿Minyo1trA bDab•F•?hO•rd Mllsl•r'i&MEthUDnl,doMi•d6yth•Ir•th￿. MCQrnrnErdIl￿l￿a. t4ThTniknil •ddill¢il. beinL￿r￿d In Mtethp￿nlI+¥ll￿tr*a5￿￿h￿￿￿&1dbeeXts>thy￿•fiè￿us¢￿*1Q4￿￿thQIddtrknr￿1 ￿ne￿Ita￿edBrtYtétylWr5¢1 ltrmear(4UDtslTrwesslnBthetyu4e¢s'stewBtdsNpof thE Js¥et* CBRL Financlal Ststements year ended 31 Mwrth 2024 24 NotestC+the Flnèndal Ststementscontinued 28ofFRS 101.n*1￿Ir£￿4re 5Blsl•Edthaiv55rneetsthEdpf￿lt￿￿q1è i•m•ni•. thw aih4nd ryffjthc¢l C8RL Financial Statements year ended 31 March 2024 25 Notes to the Financial Statements continued 2. Income 2014 1023 re5t•tsdl N•1 income Is Mated after ¢har8ln8'. Paym¢nts undef lease5 o¥¢rseas Deprèciation Audltor's remuneratlon 34,467 35.393 15.112 13.484 ctsireni year, excl VAT - prloiyeaf - In resptti ol non audit services Forel8n èxch•n8• dlfferefic*s 12.250 11.40) S28 6,582 2.812 {•) In￿m* from L)on•ii¢N Ind L•¢•d•s Unrestrfct•d Restrktsd T•tsl ilnrestrlcted ftestrlctÈd Total 31 M•r 1014 31 Mor2024 31 M•r 2024 31 Mar 2013 31 Mar 1023 31 M•r 2023 Gr?ni-In-Ald [B￿lISh AC￿em¥) Membership 5ub$¢rlptyon5 Oonallons 741.568 741.568 6531 724,037 724,037 5,260 6,531 5,260 Totsl lfirorn•frorn DoMtlon5 •Th1 6JJl 741J68 740,J99 5.160 n4,037 719,197 Ibl Iheom• from ¢h•v11￿11 Artl¥lll•s Unrestrlct•d Restrlct•d T•tal ithr•strkts& H•strlthd Totsl 31 M•r 2024 31 Mw2024 JI M•r2024 31 M•r 2023 31 M•r 2021 Jl M•r 2023 Grants for speclhc Pufposes 77.709 77.709 44,944 44,944 Levant income 30,542 30.541 27,178 27,178 54S 5•le of publicatlons Ev•nis income 444 444 54$ 2,101 2.104 1.393 1.393 24,415 24,415 41,403 2.775 41,403 2,775 Sale of ftxed assets rotal I￿•meft9fft Ch•rii•ble Artlbrftlès 57,$05 TI.709 135.214 73.194 118.238 {¢) Income from Invenments UTrrestrlrted Two1 Vnfestrtrted Ae5tr1¢ted Totsl 3X M•r 2024 31 M•r 2024 JI M•r 2024 31 l¥l•r 2023 31 Mar 1023 31 Mar 2023 Bank Interest 7.411 7.411 2.271 2.271 T4ts1 incorn* from hwtsiments 7AII 7.411 2J71 2J71 Total Ir•¢om* n,747 819,277 891.024 80.825 768.981 9.806 CBRL Financial Statements year ended 31 March 2024 26 Notes to the Financial Statements continued 3. Expenditure INOteJ l¢llGrnnt 4bllSJpport dhe¢ity fvndM¥of artv¥bti Mpethditsr• lJ,418 87,711 (harltablExtr¥hles Rt3•aith JbJlc4tlDns brary E¥er*rsahdt￿1É￿CÈ$ 33BJS0 S59,¢96 35,324 119,128 Y.757 •56A16 9,164 47,144 10.204 291W6 71.914 44.553 557.740 f¥•nty and tsbJlryFunds Jblluuons LWJr•ry Tot41 111691 U20 76.fw 16.366 JJ.167 22i016 B.121 14.361 405 11436 8.121 zoz 8.121 L416 162,416 4.015 97,438 16.366 18.811 299.076 c1m￿mUnIC*l￿ls and IT Pf•miJ•¥ Oeprttl•tlo yi 9,164 Totsl ￿pPort(&Str 10204 IIA18 I￿￿n8th¢ye￿ 1211013,. k5lkndlYldwls re¢th¢d8i•nts¥￿ buwwlulo•tolal v¥utd£59.19412023.. £43.3riii K•m•l g•dreth•nvtDyrh•m ljnlvtrslly Emulo Okntr•itl, School ￿4/￿11•£1ur•. olArt, londpn Th•Xwtybi Pr￿en..the oflBlnsdteffjplex so(iQty In 14Mh Ardfft•dur• olAWr.' th•rIt4•￿$￿￿It1ory n*ralJerw•lim 9,975 Im¥d ÉIArf P4otlln8hom YrJ Dwld prfi% D¥rh•M Un 8rlUsh Colon￿1 thNtethireLnJtydan ath411shtsni8wvniina coni£xt..n￿ Caselv*ts4•FaWiCw•￿nd.. Ph•st11 1.920 br￿$h-O*1rtlèfy YUNèV and Ol￿ft0￿￿t￿¢, Unlvv5ttyol Uveippcl ThtHabataEanTeffjpleai Dhitr•n.. durtry4nd ¥ft¢i ihe SOR•wt•v*do Atw•r¢h S¥pportGAn Chqdrtn'5 Uleratuie a5 of Rtsfjiin¢e.' Whtin8for ChMdreThln Pales¥￿t 2W Trn¥•lGrnD¥ PriaOJ'5•nth, T•AvivUniwty urban Pty4erty. Pre(arIoUsHa￿n￿ aftd R¢al Estitelnthe Poltk EttyKthyol￿rtrt. L 194a.19?5 L2fX• M•ry• Elweth P$n.t51•mlsm •nd theExtem Wfffien's Con8fessES.' Inwttlfy8Arab•nd Al8har*WoM￿'SM0Vw￿iSInthe l¥ventleth Centwv 1.2C(J Stokei H￿￿*￿tA&￿ InE*K kn4alem.' Pal¢Slln?4n H•llOit Prn¥i 1.2fp) $9,194 C8RL Financlal Statements year ended 31 March 2024 27 Note5 to the Financial Statements continued 3.£wndi￿fe. Mnllnued dl oltai•l•¥•ndltur*llJtJ 1¢ty4ll*sundert4knn Gwtfvrylh¥ Df ttl•ltle5 Totsl E¥pEThlltuTr 6r•nt4nTraldaTrd fvndr•151nA 12J88 74.994 Chartt•blÈ•rtv¥Wes Ats•iich P¥NlutloA5 Lib¢ary Evenisand￿71eIenceS Z67.2Y 156.693 ID,355 56.556 11,511 525,907 .113 216.558 116.309 27,618 101,798 l•¢•l le￿urt￿￿pqfidea 621.014 970,QJi AAthslsolwpport¢osts w2J ese0￿h 1•5 FEslatedl tv•nty and Fuods bli¢•ii• Ubrnry Tfjtyl 1•srtsuteOI 5J43 2.06$ 0,961 X29 1.968 1,106 179.349 459 28A37 229 fveml ÈquSprnent IY•preclJii(Mi 127,441 l)A14 16.197 256mJ 13,484 29,141 J41,0 L151 10.155 1.158 56.556 1,314 2,514 T•t•15ugp•rtt• prt¢l•tlw betri reA•iedlrom £5,409to e13,484. •InCr￿￿￿￿,15S, w deithd Ir* nom¥ S 14. I¥￿￿1￿101m1thIb Ntri•mun•¢¥iiM w*p*d tothitiujteei, Gr￿￿OI£3,286Ww•I*c￿¥*d Ir*)m M•trusi*e lorth• Atildlrth•Èolotrtyol•d irtiDFd* prol•ct. No don•t￿nI Irom tryxmsweriwetthyd In 2023.4lwrtt￿lec*￿*Xp*TrI*￿yM•n1i￿I£99I lor Ind iublrtth)c•12023". £6,924, 4 If4*eeJfortri¥•l •ndx*sinencel. JI M•pa02J 39&111 449,2C8 30.145 9.7 17.76J 518.•45 Sotl•ls•¢vrtly CWr5¢ag EM￿*m￿nI t&¥ Ponslon, Indudin8mLtyJntht In Pfo¥lsior4 I9￿79 ILfy)7 ,740 fryl•yTner4 31 M•i2914 Jlhtsr2LI29 ev mon•8•Trerf personneltompthwtl fi39,￿1 £117,107 A**rue nUmbW￿lM￿Oy1e$￿uA￿$ IhE wiod.. 2014. ft0employoerece1￿d￿eMuneIl11rnoVerÉ6D.r￿ Ln 2023INII Thetrv5tee5C0rnldert￿ 0fTru5￿¢S￿dth*￿￿VS¢a5 rmorsa5 rw¥¢isln8the*tym•)e8emertPW5Lxnel of th• Chortlyln thaffje In Ihèye•r CBRL Flnanclal Statements year ended 31 March 2024 28 Notes to the Financial Statements continued 5. Fixed assets Computef, offlre ￿￿0th￿l fytsior¥¢hkl¢s ¢qulpme Furnlture. fixtw¢s Ind Ilttl UK Offl(e TOMI Open1￿ ba￿n¢t(•S rnStat•dl Addlllons 61,650 6,673 27,151 31,4S6 4.317 124.577 L4 8.172 Dlsposals I2,￿) 12.0881 27.1$4 31,456 5,116 iJo,fjfji Depred•tlon Opening bala•celas restatedl Deprecwtion char¢e fof theyear DOprnr￿110n ellmln•iod on d15kwI 20,136 11,182 11,2531 IS,141 2.116 58,173 l2SO 1,983 J6,)65 11.2531 IA185 17.121 NItI￿& ¥aluÈ 31 M•vth 2024 34170 1750 57,376 l*)¢k¥alu¢ JI M•rth 2023 41514 &J74 14315 All flxed •ss*i betoN to uthrestdct4d knndi. FIxed￿*￿ID1¥**11djIi#rnert cost￿ at l Aprll 201) Pfloi ye•r¢¢st•¢em¢nt Cort w at IAprtl 2013 las resta￿￿> 21,345 40,405 61,650 27.154 11,879 4.317 65,59S 18,577 31,4S6 58.982 27.154 4.3J7 124.577 D•precL*tlon •5 •t l A￿11015 Prlor restateffient O¢prec4tNin •5 èl I A￿1 20231 13.478 6,658 20.780 11,621 3.520 2.116 47.995 10,178 20,136 20.700 15,141 2,116 58,173 S¢t ilsofioit 14. prtorYe•rAdlustm¢fii. 6. Debtors >1 Mw 2024 JI M¥ 202J Other debtors andattThed Income 25,6B8 20,393 14.466 Prevyfflents Tot•1 O¢bto 22.933 44001 J7.399 7. Credltors YI M•r 2024 JI M•r 1021 Othertredliors 3L756 52,25S 3g.us Actru•lslor rr¥de creditois Attruats lor8r¥nts poy•ble Dtlwrets Incorne 7.9)2 4.92Z 5,535 Totsicthdltovs 88,933 77,420 Defemd income imfysls JI MaT20 31 Mar&13 S.S35 4JJ77 ￿em￿￿￿5P Income rejeased MembEr5hlp Incomedelerred D¢l¢ts¢d Income hI￿ne4 13,7351 Il2771 3.735 5SJS 3.12Z 4.922 CBRL Financial Statements year ended 31 March 2024 29 Notes to the Financial Statements continued 8. Provisions USS pÈnsknl SthtmÈdÉfiu"IprOv￿tsfv ctr4èr￿P a5pertsitsn prtyI￿on$ 27.671 64.014 43.893 4lS87 IOX611 9. ReconcIlla￿On of Funds 10120Z4 Ji M•rth Tnnsf¢t re¥owr¢s ¢xp¢nd¢d •lfvv41 JI l•tsrth 8rldshAudimyBIAIGr4nt 6r6tlth Academy BUSI￿1 DeYdopfft8nt Jerus*ern Ex(a¥otlon Publl¢ai 6J•,995 121.571 1622,351 112),2471 674 ii, 38,952 Anclont Ivymlem Piojeci 8dtish Atsdemylncenivltstlrn 8ti115h AtademyAdvaDreO LanKu¥eT1a￿1O1 B￿liSh Ac*demyStrw*¢ko*¥elopmtrtt Tr•v•ly•ni fvnd 31.952 301 s3.￿1 692 Tall DNb•n 117 147 *thH•olosylnJord•Tr Andi••2wblnlGrini 392 1216 12A29 17,9C41 iJ49 1,092 Al T•lli Ottoman Wlllsation EndanwodAr¢hfves P¢ovqffl 9,091 14.629 139.•74 49.ZJl I28,5￿ 17M7WI 16.1031 lo7￿78 GethÈnlfvth 3YJAIY 7J.747 1073 361,￿5 466,191 191fv14 115411$ 1.0 TrnMI*¢ JJP4w¢h •1p•￿4 olfvhOA Jlt*l•rth Gener•lhJnd5 322.961 25 47.159 146.OUI 31Q109 Prlwye¥4dlu5tment G•n•r•lfvndb IM 57,259 310,220 1.4SS YJ 55.614 14&0101 359.411 StÈ•15p npts 14. 91£5,4Y w4smad•lromi•ngral rwThx%t•supportith• ac11v￿1￿ fvhd•d bythtglRIGranE12023-. É4S,9761 Tr•rthr5•1E8.171wertffiad* In IOIY14tO8werf fvn* tv lth• W￿h*S￿offiWId lun(*d* fht BrlllshAr•d¢my 8i4nt lÉll)fj81ond the 8rltith Ubraryy•ht1£&1031. The openlfii balanceofwce#ridoOres•yts hMlnut*edby £58.￿ i• r•ftert awwyear•Ojusthieot forihe purth•sÈof Ilxed ￿Se15￿￿dEd by ihE bth15hAuderny ir¥ni. CBRL Financial Statements year ended 31 March 2024 30 Notes to the Financial Statements continueil 0¢tsI1solResirf¢ted Fyv•s The èrlush kndemy alRlyaniis moTrwyanted bythe firlttsh AcademytospEgficalfyfSUPPtyt researth, ljbr•ry cdlect1ms*￿rQn$efwaI nm¥rblr*vJns and e514b1I5hrneThi w51s. Itind¥de5arn•¥nuliom theprfm•ry•nd cont￿e¢￿VIn￿. The Ou%lThtss F￿d iepre5enisyJnt.In4ald re¢eh*d from ihe*lthh Academy lor the wrpose5 olsupportlni l￿d￿[SIn& 5v*kn4 fvrthw restarthlundlft& maKlrnkln6 th¢c¢Mmmerdalaspe¢tsof4)pvatlons. artdfimthn8CW SV•fny and¢lftdeTrde5. t8RLblds Th* gIRI C¢11￿￿•81•Th1 w•$ byth*•rfll¥h A¢4d•mykn 202V23t•hthd¢hi r*•J•w 01th•*•￿J$0ff1hI ithh•s•vosi ￿01th• BIRI'I. Jorusalem t￿￿atIon PublI9￿on tsnd5￿el¢be used s¢Wyftyihe publl¢atlrthof theAnthntleiusalem proj•¢ un￿1 pubnr*knnofthel ¥olumeltsthe$￿È￿Trls lstwUnuib¥toreed¥elntrfftkn thelntstestty) htld. Th¢AA¢len¢ J•rvi•lwi Pr•je¢¢ lsftjhded bythe (•vethylm¢Trvrt •hd lfiiiii*Jieof Ae8e•n Prehl¥t•ry. Th*ltmdi•r•t•tsrlryw puWk•tlon r•MaInl￿￿•trf•l ih••rth4•d¢8l¢*wav•iioK dk•rtedby Dam¢ K•thl¢•• K•Thvon kn 14ruul•m. Thkf fvnd 1$ cont1nul￿ tDi•c*v• Incw• fvom tholoteiistem held. The brttish*idem¥ Inttnb¥ts•tl¢Jn Gr*ni fepré%ents fundsw•irded i•lTrt¥easeln5kntu*eidLY6plin8ryand bjnth"￿*lSe breadth. ThtB¢Mt w 4wJrded to nwp, Soclil SrteDCe lie5ellrth In DuettsthEdelertDrDUr4sK￿1d¢1￿I￿sYrti thElotusoflhtWolerti￿bsw￿eTrflv￿ffte￿tO Joid•Th w￿1￿*1￿0#dIr iov•rt, The UtIthA¢ademy Advanted ianiiiiAtTt*rJh8iepre5ehtsfvnas Nw8rdedfv•mthe 8trf¢tshAi•demy Lv4u•8eandQuani**e Sklts Pl￿r•Mmt.TreV•TrtW•l *•idto foi Ai•bkl•r post4•#•r¥ rtse¥¢hwk The BrttlshA¢•dtMy Str•t4l¢Ow•loprntrf Furtdr•prtt•nhfvfith owvded wo1￿ to •ncourwlnMii¥tw i•bi4•d•ft Ih•lrwirth and hJndiv4b4se. The fyirtt repreS￿l9dCm1l￿fttsm C8Ri M￿b¥s1o1￿￿othÈ7i￿I Grants prwimme. Th• K•nyoTh ￿lItY1•11br￿1￿nd £on4stsolOMit*M Iroffl %Jthn'sColl¥¢ OKlord wfvnd book pur¢h•wslor th•K¢nytyi IfiWlUt•ll￿•ry, Th fund licon¥nukn8ioIe¢¢krfedo￿IQnI. r•ll thb•n re£dvedfr¢m th•Vnl¥irs4tyrf U¥trood lty ie5urthiosirnwhin th•1￿•1 51ei¥•td5hlpolTill r>hlb•ni ¥ h15¢ty1ul o1• 70*ffl1 bouih olknffl•, lordm. AerIal￿￿•t0￿ln IvrO•n prol¢rt15 Iwi4erffl fe5earthwojen. The plm L%wdlKryer. and rnonlWT¥thoeolo￿l slte51nJorO•n.¥5k¥ 4¢rf¥1 phwwiphy. The 1•$4aFth*lUh•lp w b¢ttqr vnderxand pp5t h￿rn￿ wdorn•nt of ¢h¢¥ailous re8lor41n lordaffj ind •5*11nih¢ protethiw ￿preSentI¥￿ Qflmpomnikn, In4Mo(J•ikn*4th Ihe Dep•rtrn•ni olAntlqull*s. Th• AThdr•¥Z•thl ￿{Th ffl•rnory ol•*ffior worklry l0r¢BRlwh•*￿kn I•￿¢¢. In IOIY24, CaRLrtt•hedfundln••f E16.C4KsiThdY•illawa¢dtwO8rAntS t&thy•w of £4,CWeW. Awearthsubjto manerall8ni ¢othe foyndatityi'sintwests, n•Thdy'. Ancl8rt1 Mtstary., i￿$£ape￿￿￿OW.' ITIGISApp11¢411Dns ki Arittaeokn., Aortal Atth•••hw.' hll8fallc• ￿ Mlwant IdehtthsiTr th•14wE4sifvL¥h Antloutyt• th• MWdlt#4•5,. ETrd•yered Arih•eolosy•nd Pffjiettlwi￿ P•#. Th• W TWTnJ# •w•rd•d•8mt toh•lp hJAd n•* woth •MIl￿dIn819•￿{Wlh• librvyw the K•nyofv lA￿tY1+. TheAITilk7 InKt ue the dtWllsatlc*l 012¥otum•5 o10ttorn￿Jerwkn Ind pr•para11th701the rekn¢darthllELtw The Endiryred *Achlves Prryrim lJfvnded*the Vrlllsh lthThryand In¥ohThthEW5•Y&i 0lmllter1i￿￿d￿T1fve he4dlw'Vndv51andl Mand•tt P•fÈKknèthiwhthÈ pub11ebtlorf*￿ar￿toIert￿$h Sth¢ol0l*￿edWINleIUIkn.. C8RL Financial Statements year ended 31 March 2024 31 Notes tothe Financial Statements continued 9. bl IL12J Cfrrnpathg BèIAnte IrfOA*¢ ResL*Jrtes Tr•h%fei 3XMJrth rtSOUrttt expetydtd of htnds 1012 lu reitstEdl 31 M•rth 20 Resvicthdfv 8rltbh Atsttimy 8IRI Grant Brf¢lsh AudemY1￿￿lneM Dtydopffl¢at F¥Thd IAI Colle£ii¥Èyant Jeiwalem EK,376 J.077 53.901 692 &020 484 io.oyj io.oij IJ Y7 1430 391 914AI7 46.011 107A74 31Q220 8W5 55,614 359,415 .116 049.106 970MI 466ml Th• i•nv•lfur*¥ •t JI M4rth 2023wxr•5tat•d IromlJJO.6trJto É3S9.413, •Tr Incrtaso 01 É41.004. Thls wx dutto on IncreM¢kn nxed 45x15 91151.912 ind iddrtlwld•prff4iiiDn ol É10,178. 10. Analys1$ of Funds Tai•l T•¢•1 JI M•r1014 51 Mv1014 Jl M4r1014 51 M•r2025 JI M•rlQlJ JI M•r2023 57.376 117.7?21 321.511 57.376 142,1521 558.139 661 fj6,404 140XIIII 546.119 Oihqr n•1 iu•t4lllllblllllqxl C•Jh*i b•n* 125.OVJ 136.618 IY8,2JOI 1SJ,319 294,8 Prothslarts 171.wl PL5641 501, 105.6AII 1105.6111 466,891 Totsl lu￿$ 561.115 XJ9.974 359.41J 107.478 Pilor Y•w AdluJtTrwnt,' As dotsled In ntst• S, tht•xed iimt cort w￿14 •t 31 Miich I023￿11￿tIeIMdty E59,982 far pwthimj not ietLwlitd lli rkni•yA¢V In the4wnts fDryears end1￿1 31Marth 2023and JIMarch 2022. C8RL Flnancial Statements year ended 31 March 2024 32 Notes to the Financial Stotement5 continued 11. Lease tommltments 31 M•i2014 JI M4r20 WlthS0 l yew Betwi•n 2 •nd Sy•• 32,341 6L¢J95 32.2>3 9L647 93A46 113 12. Relwted party tr￿n￿rtIOnS Ourlni Iheyearto 3L Mar 2024. rmetru51ee iei¢rrfed Jresearth y•ntfgr£9,975. kn 2023. In￿1¢£ re{¥￿d a$*wtot(12.I￿7tQWuft an q¥•nl ori&n15ed bythe Un￿ers¢tyoIr￿wty￿. 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Conidbutkni In ih*ye•rtty•lled £)4,12412C*I3'. £45,710). The l•ten •¥•ll•ble ¢omplrt• •au•rWv4luatlw dlh•Rdlrern¢ni IrK+)rnfr BulldBr li *31 M¥th 2ts2J (th¢tAlwtlond¥•l.whlth wa5 c4rrf¢d out sln8the unlt metho S*itthe 1vstM￿lOn taMotirtehUfyitJJhortotU55A¢df4m*ni 1ntwe8ulld8r1delb￿ bqnEfiii •ss*s¥nd IlabHIUt¥thtlrjlowln8dtsd•￿15 r•n•rt thos*rdtr•ht lor thos*•M•ts •fid Il•blli¥os•i• whole. 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