Charity reglstratlon numb•r 1100377 (England and Wales)
Company roglstration number 04583140
THE MAKHAD TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 OCTOBER 2024
Makhad
People Spirit Environment

THE MAKHAD TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustegs
Mr M R Ralcliffe MBE
Mrs E H Cranston
Mrs R G Devas
DrSARSamra
Mr R Slainer
Charity number (England and Wales) 1100377
Company number
04583140
Registered offrce
Wolseley House
Oriel Road
Chellenham
Gloucestershire
Unlled Klngdon)
GL50 1TH
Independent èX8mlnèr
BK Plus Limited
6 M8nor Park Business Centre
Mackenzie Way
Chellenham
Gloucestershire
England
GL519TX
Bankers
Lloyds Bank PIC
HSBC
Solicitors
Willans
28 Imperial Square
Chellenham
GIDuceslershire
GL50 1RH

THE MAKHAD TRUST
CONTENTS
Page
Tru51ees' report
Independent examiner's report
Slalement of financial a¢livilies
Slalemenl of financial position
Notes lo the financial statements
9-15

THE MAKHAD TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 28 OCTOBER 2024
The trustees present their annual report and fi'nancial slalemenls for the year ended 28 October 2024.
Th6 financial slatem@nls have been prepared in accordance with the accounting policies sel out in note 1 to the
financial slalements and comply wlh the charity's governing document, the Compsni&s Act 2006, FRS 102 "The
FinanGial Reporting Standard applicable in the UK and R&public of IrBland and the Charities SORP "A¢¢ounling
and Reporting by Charilieg.. Slalemenl of Recommended Practice applicable lo ch8riliès preparing théir accounts in
acGordanGe with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021"
Oblgctlves and a¢tlvltlo5
Objectives and aims
The objectives of the Charity are lo raise awareness of the value of the nalui81 heritage ol nomadlc reglons through
education and the provision ol financial, technical and olher assistance.
Publlc beneflt
In planning the Charity'5 8clivilies fgr the period the Truslees kept in mind the Charity Commission's guidance on
public benefit. The focus ol the Charity's activities during the period. which explains the delivery by the Charity ol
public benefit, is sel out below under A¢hievemenls and performance. and above under'objectives and aims,.
The Iruslees have paid due regard to guldance issued by the Charity Commission in deciding what activities the
chaiily should undertake.
Achlevements and perfoymance
Charitable activltlas
The Trust's objectives have continued in the South Sinai province of Egypt with the majority Df work being carried
out in St Kalherine's City 8nd in the surrounding high mountains and wadis. The Political situation in the country has
Continued lo remain slable.
Actlvltl•s and Projottts
The Charity s activities have continued lo follow the prr)ven schedule of four project trips lo Sinai during the ¢harily
year. Incoming funds enabled thè commencement of lifty-one new well restorab'ons, just over our target of fifty
restorations in a year. As the number of completed restorations was fifty wells, this shows th81 the proj6Ct is cycling
through the r&sloralions al a steady Gontinuous rate.
Since the Hamas allaGks on 7 October 2023. there have been lew tourists in the high mountains, mostly Egyptians
on short trips, and so little work for the Bedouin guides and camels. Tourist numbers visiting the Monastery remain
stable which has given some work for men with camels, bul the more lucrative work lor Bedouin men, taking people
trekking in the mountains has become the exception.
Tourism in South Sinai has once again been affected by woild and local events with delrlmental effects on Bedouin
family income. As a consequence, an ever increasing nutllbei of Bedouin families have Bonlinued lo look lo Ihelr
ancient family gardens as as5els', in supporting them with food and a small income from the sale of ￿rpluS food,
provided they have sufficient water in their wells. The Makhad TTUSI has for nearly 20 years now b￿n as5151ing
Bedouin communities where water has tr)een in short supply,, due lo reduclng water levels within the garden wells. 11
is unfortunate there has now been little rain for more than the last year in the region. The mountains had a good fall
of rain during March 2023 bul have had little since, and as a result, water levels Ihyoughoul the whole region have
continued lo decrease.
The Reconslruclion of St Kalherine's, turning the town into a modern lourlsl deslinalion, continues for the fourth
year. Although some infra-slruclure projects such as drainage and sewerage are only just in the piocess of bein9
started, the majority of the building structures are completed and undergoing internal filmenls., allowing many
conslruclions workers lo return home. The large resiclenlial cornplex is al last allowing the Bedouins lo see how il
will look when finished, bul il is clear that most of the facilities being provicled are aimed al the higher end of the
tourism market., with luxury apartments hDlels and shops built lo cater for a wealthy clientele.

THE MAKHAD TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 28 OCTOBER 2024
A¢th"vities and Projects - ¢ontlnued
Sl Kalherines town has been planled with thousands of olive and almond trees which will turn the town green and
pleasant as the authorities continue lo water them. Whilst an old Eijropean Union project lo provide the town with
water via a pipeline from the River Nile has been resurrected, using water from a desalination plant on the coast, it
is unfortunate that the still slightly sally water is consid&red suilabl? only for washing and watering olive trees, whilst
other trees could wither and die if fed the saline solution.
The conlrasl between the new modèrn bulldings and the Bedouin houses and th& Bedouin way of life has inevitably
becorne ever mole heightened, although il does look as though the town has settled down into becoming a Bedouin
lowri again, al least for the lime being.
Inflation in the Egyptian economy remains al high levels, and as is so often Ihts case affects the poorest peoplfr in
society, and in particular the BedDuin. Food prices have continued lo increase end many families no IDnger buy
meal products. 11 is most fortunate that the many Bedouin gardens now having a supply of water provide the ability
to grow vegetables, and thus contribute lo the nulrilional needs of the fatnily. Growing cash crops is one of th8 few
ways remaining which allows a relatively small additiona1 income to be earned.
Wells
The Trijsl has been helping with the resloralion of ancient garden wells for just over 17 years now, and in October
2024 the number Df completed well resloralitsns reached a magnificent number of some 661. This rÉprèsenls IDcal
access lo Clean well water for over 41,000 Bedouin men, women and children, no mean achievement by any
standard. With an increasing supply Bedouins are able lo drink more water, grow fresh vegetables for family
Consumption and even provide cash crops, plant trees which survive, and keep not only g0819 bul also camels. All
of which enriches their general health and wellbeing enabling them lo live more sustainable and independent lives.
whilst preserving their culture and heritage.
A plentiful water supply also allDWS Bedouin from Dther towns and communities on the coast neaiby lo bring their
grazing animals into the desert highlands during summer months. helping lo support the family
income. Consequently the deepened and restored wells are especially important, being the only Sour￿ of quality
water, particularly during limes of droLJght, as currently being experi&nced.
Of the 661 wells restored by the end of this financial year, some 321 are orchard garden we15s and 340 are
community drinking we11s. Clearly 8$ the population continues to increase and the annual rainfall is Virtually at zefo,
there a￿ sllll many wells which need lo be restored lo support the Bedouin families and their communities.
AnolheT factor which also now needs to be taken into greater account is the reconslruclion of Sl ¥Btherine's, which
hag causèd an increasing number of families to retreat lo their mountain gardens during the long summer. This
return lo thelr Bedouin roots has, as previously mentioned, assisted in supporting their heritage way of life and the
old Iradilions. which might otherwise have become completely lost.
Dams
As in the previous year il is good to report that Iwo dam building trips for UK residents were scheduled for Autumn
2024, both being succe591ul. The IITSt trip look place in September and was led by two of the Trustees. when they
successfully built two small dams in a high mountain wadi, helping to support around 100 orchard gaideTrs below.
The second dam journey look place in early Octobèr and consisted of four members of the publi¢, and a eonlingenl
of five people from one of our sister charities, Caring for Communities & People {CCPI', an organisalion which helps
young people in particular, who havè had difficult childhoods and often become homeless, 11 is pleasing lo report
that il was a successful Irtp. conlfibuling lo leadership skills and self-developmenl particularly of the CCP
participants.
11 is hoped that CCP wll want lo work wllh the Makhad Tru81 again in the future, bringing benefits lo both the
Bedouin with the provision of more dams, whilst also benefiting the young people from CCP, who sland lo gain a
great deal from being on such an advenlLtrous and challenging journey.

THE MAKHAD TRUST
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 28 ocn?BER 2024
Seedbank
This small proiecl was insligaled a number C>f ye8rs ago, when vegetable seeds were given to a Bedouin in Sl
Kalheiine's who has a large garden. Mahmoud Hassan has since acted as the Se&db¥nk Custodian, growi ng some
of the seeds into mature plants then hatvesling the seeds lor future use, and also dislribuling these segds lo
Bedouin garden owners, who are unable because of both access and cost, to buy quslity seeds themselves.
Beekeeplng Trainlng
Despite a number of funding applicelions, fund5 to dale have not been forthcomlng for this project during
2024. Nevertheless application5 will continue lo be sent lo charitable Irusls for another Beekeeping Training Course
and il is hoped that this might be possible in the forthcoming year. In the meantime we are pleased lo report that all
DI the twenly-five beekeepers who have graduated from courses since 2016 continue lo manage their bee keeping
programs and many have increased their nurnber of hives. 11 is clear there is a good living lo be earnl fiom keeping
bees, and il is most gratifying to see the continued beneficial impact of this project in so many different way5 on the
famili6s involvèd.
Orphan Heyb Project
This project has continued in a low-key fashion over the last four years, largely because the orphan's 18acher has
had increased engagement from the University of Alexandria. where he ltsachBs medical students the medicinal
benefits of endogenous herbs from South Sinai. Although well ple8sed that the students hav8 had such an
esteemed teacher, it is hoped that an assistant can be found lo run future coursa8.
The training course for young people whose father's have died. continues lo support disadvantaged children by
providing emotional support from Iheir peers and additional education Gomplitnenling their slate education. 11 is fell
the long term benefits provide a way of financially SUPKX)rting the orphans and their families, which together with an
increase in knowledge covering medicinal plants, does make the project most worthwhile.
st Katherlne's Carpentry School
The reconslruclion of Sl Kalherine's town has continued lo have an effect on this project. All of the potential
recipients of the training programs continue to have paid work with thè eonslruclitsn companies, doing menial work
such as guarding equiprnent siles. Whilst il is recognised that this situation will continue for some lime longer, it is
hoped that the young men will realise al some point that there is little future in this type ol work and they can do
beller for themselves by receiving some form ol training. When the situation changes. the Carpentry School is
poised lo come back into action.
St Katherine'5 Library
11 is 16n years since th@ library for women and children was set up in a room al the City Council building. The library
closed during the pandemi¢ and has not reopened. the building being scheduled for demolition as part of the town's
reconstruction programme. Whilst a new Cily Council building has now been built, il is understood that this new
building is not an inviting place for Bedouin women, who need lo be sure that they wi11 not come into contact with
men who are not of their family. 11 is hopeol howover that some form ol women and children's centre may be
possible in the not loo distant future, through co-operating with and supporting a small group of BedoLJin wc>men
Wlshing lo make the centre a realily.
Dryin9 Racks
This project began in September 2020 following a request for support by women garden owners. A major portion ol
the produce from orchard gardens consists of soft fruit, including aprlcols, figs, apples, pears, grapes, plumbs and
peaches. Most of Ihls fruit is dried on the ground in the sun to extend ils saleabilily lime., bul unfortunately
significant proportion of the fruit is damaged by InseGls, dust, gravel or by birds. The provision of drying racks
logèlher with a nel being the answer. With both imprc)ved quality 8nd quanlily, allowing more fruit to ba sold, there
would be an increased income for the women garden owners.
It is unfortunate this project will continue to be on hold until such lime as the women garden owners clearly d@cide
lo lake up the opportunity bein9 provided.

THE MAKHAD TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 28 OCTOBER 2024
The Laundry Project
This little project has beneliled a small group of BedoLJin women in the town of Sl Kalh¢rine's who historically
collected water lo lake hom& to Llo thèir washing. However, a recenlly restored well in a neighbc>ur's garden has
caused them lo iealise that il is much easier for them lo transport their dry washing lo the water, and so together
thèy set up Iheir'old Ic)p loading, washing machines in that garden.
A small grant has enabled a size8ble area to be paved, three large low-level s1nks installed and importantly, the
washing machines safely rewired. New drainage channels have allowed the waste water to irrigate nearby trees,
providing a further benefit.
The Bedouin ladies have become well pleased with these new arrangements and this small novel project has given
other garden owners the opportunity of bringing together mole Bedouin women, meeting regularly lo do their
washing and sharing their family stories.
ERIK Fund {Emer9encles, Rapalrs and Incidentals Kitty)
This fund has now been giving small grants lo Bedouins for some Iwo years. To dale, funds have b￿n used lo
purchase a fence safeguarding 8 m81ure g8rdan against stray animals,. providing quality water hoses for a key
dr(nking well, piping water some 2km ID the town., saved an ancient mulberry tree whose roots had become
exposed., provided 8 Climbing harness for a wè51-digger to acc&ss wells safely, and provided 6 water tanks adjacent
lo drinking wells lo allow easier access throughout the day Currently there is a short Wailing list for olh8r water
tanks and this small yel important fund ha5 the potential ability to help any Bedouin in dir¢ need,
Financlal revlew
Investment pollcy and objoctlV•5
Due to the relatively low level of funds available for investment, the Trustees consider that bank deposits provide a
Salisfaclory return lo the Charity.
Re$arv•$ polScy
The TrLJStees annLJally review the Reserves Policy bearing in mind the current and anlicipaled financial performance
of the charity. The Trustees consider it appropriate for there lo be sufficient Unreslricled Funds lo cover six months
unreslricled charitable expenditure in the unlikely event that there is a rnalerial reduction In income.
Based on the Slalement ol Fin8nci?l Activities for the year ended 28 October 2024, unreslricled charitable
expenditLJre, excluding project costs, amounted to £882 12023.. £3,913) and consequently the policy would require
unreslricled funds as al 28 October 2024 of £441 12023.. £1,957). The actual unreslricled funds, excluding
designalecj funds, were £37,535 (2023.. £33,7191, which therefore shows a surplus from the reserves policy of
£37,09412023. £31.7621-
The Trustees have c8reftJlly reviewed the surplus to the reserves policy and have concluded that il will be ulilised by
the cre2lioll of further wells which will fully benefit the Bedouin populace, in addition lo providing additional financial
support for the other ongoing programs as needed.
The Trustees have sel aside £23,827 of a generous legacy received in late 2023 as a designated Bedc>uin
Community Fund lor specific communlly projects. Sine the year-end the charity has taken on an additional member
of the leatn to manage this project.
Plans for futurè periods
The programmes currently undertaken continue lo address the fundamental essentials of life, whi¢h is the provision
of water, food and education. With some 661 wells now restored and capablB of providing a good supply of clean
water lo both garden families and communities, supporting in excess of 41,000 Bedouin, thè objèctives of providing
relief Iwaler and food) by financial support are being mtsl in order lo protect the national, cultural and spiritual
heritage Df a nomadic region, the Bedouin people and theii ancient gardens.
The charitable objectives for the advancement of education of the public in the cultural and environmental heritage
ol a nomadic region are being mel by Sinal Journeys Ltd, through the Introduction of people from the UK lo the
cullure and landscape of the Bedouin people in South Sinai.

THE MAKHAD TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 28 OCTOBER 2024
Structurei governance and management
Governing document
The Charity is governed by ils Memorandum and Articles ofAssocialion dated 6 November 2002.
Recruitment and appointment of new tru5tee5
The power lo appoint new Iruslees is vested in surviving and continuing trustees.
Organisational structure
The Charity is incorporated as a company limited by guarantee. and therefore il has no share capital. In the event
ol the company being wound up and the liabilities and winding up expenses being in excess of assets, the liability Df
each membei is limited lo £1.
The charity is controlled by a Board of Trustees, which meets on a regular basis.
Risk managam•nt
The Trustees actively review the major risks that the Charity faces on a regular basis and believe that maintaining
ils current reserves policy, combined with an annual review of the controls over key financial systems, will provide
sufficient resource for the Charity going forward. The Trustees have also examined olh&r operational and business
risks laced by the Charity and confirm that they have established systems lo miligale the significant risks.
Statement of Trustees. Responsibilities
The Iruslees, who are also the directors of The Makhad Trust for the purpose of company law, are responsible for
preparing the Trustees, Report and the financial slalemenls in accordance with applicablè law and United Kingdom
A¢￿untIng Standards (United Kingdom Gènerally Accepted Accounting Piaclicel.
Company law requires thè Iruslees lo prepare financial slalemenls for each financial year which give a true and fair
view ol the slate of affairs of the Gharily and of the incoming resources and application of iesources, including the
income and expenditure. of the charitable company for that year.
In preparing these financial slalemen15, the Iruslees are required lo..
select suitable accounting policies and then apply them consislenlly.,
observe the methods and principles in the Charities SORP.,
make judgements and eslimales that are reasonable and prudent., and
prepare the Iinancial slalemenls on the going concern basis unless il is inappropriate lo presume that the charity
will continue in operation.
The Iruslees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al
any lime the financial position of the charity and enable them lo ensure that the financial slalemenls comply with the
Companies Act 2006. They are also responsible for safegvarding the assets of the Charity and hence for lakino
reasonable steps for the prevention and detection of fraud and other irregularities.
The trus
report was approved by the Board of TrLJslees.
MrMRRa
Trustee
iffe
BE
23 May 2025

THE MAKHAD TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE MAKHAD TRUST
I report lo the Iruslees on my examination of the financial statements of The Makhad Trust Ilhe charity) for the year
ended 28 October 2024.
R•sponslbllltle$ and bas1$ of report
As the Iruslees of the charity land also its dlreclors lor the purposes of Company lawl, you are responsible for the
preparation of the financlal slalemenls In accofdance with the requirements of the Companies Act 2006.
Having salisfi&d mysèlf that thè financial slalemenls of the charity are not required lo be audited under Part 16 01
thts Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the
ch8rily's linan¢ial slalements carried out under section 145 of the Charities Act 2011. In carrying out my examination
I have followed the Directions given by the Charity Commission under section 14515llbl of the ChariliÈs Act 2011.
Ind•p¢nd•nt examlner's statement
I have completed my examination. l ¢onlirm that no mallers have come to my allenlion in connection with the
examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 386 of the Companies Act
2006.
the financial statements do not accord with those records., or
the financial slalemenls do not comply wilh the accounting requirements of section 396 of the Companies Act
2006 othèr than any requirem&nl that the linancial sl8lemenls give a true and lair view. which is not a matter
considered as port of an independent examination., or
the financi81 slalemenls have not been prepared in 8c¢ordance with the methods and princlples of the
Slalemenl of Recommended Praclice for accounting and reporting by chaiilies applicable lo charities
prep8ring th&ir financial statements in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021.
I have no concerns and have come scross no olh&r matters in connection with the examination lo which attention
should be drawn In this rewrt in ordef lo enable a propel understanding of the financial slalemenls lo be reached.
R￿ar F Downes FCA
BK Plus Limited
Chartered Certified Accounlanls
6 Manor Park Businèss Centre
Mackenzie Way
Chellenham
Gloucestershire
GL51 9TX
England
23 May 2025

THE MAKHAD TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR EJVDED 28 ocfoBER 2024
Unr8Strlcted Restricted
fund5
funds
2024
2024
Total Unrestrlctett Restricted
funds
funds
2023
2023
Total
2024
2023
Notos
Income from:
Donations and legacies
Other trading activilies
Investments
210
3,432
1,056
70,949
71,159
3,432
1.056
2,070
3,610
84,856
86,926
3,610
Total income
4,698
70,949
75,647
5,681
84,85
90,537
Expondlture on:
Charitable activities
882
68,550
69,432
3,913
64,081
67,994
Total expenditure
882
68,55f)
69,432
3,913
64,081
67,994
Net in¢ome
3,816
2,399
6,215
1,768
20,775
22,543
Transfers between
funds
23,827
123,8271
9,932
19,9321
Net movemant In
funds
27,843
121,4281
6,215
11,700
10,843
22,543
Reconcillatlon of funds:
Fund balances al 29 October
2023
33,719
41,020
74,739
22.019
30,177
52,196
Fund balane•s at 28
October 2024
61,382
19,592
80.954
33,7t9
41,020
74,739

THE MAKHAD TRUST
STATEMENT OF FINANCIAL POSITION
AS A T 28 OCTOBER 2024
2024
2023
Not•s
Fixed assets
Investments
Current asset5
Debtors
Cash al bank and in hand
10,278
75,869
4.517
74,973
86,147
79,490
Creditors: amounts falllng due
within one year
10
15.1941
14,7521
Net ¢urr•nt •s$et$
80.953
74,738
Total assets less current liabilitie5
80,954
74,739
Th• funds of tho charity
Reslricled income funds
Unrestricted funds
11
12
19,592
61,362
41,020
33,719
80,954
74,739
The company is enlilled lo the exemption from the audit requiTemenl contained in section 477 of th& Companies Act
2006, for the year ended 28 October 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial slalemenls.
The members have not required the company to Dblain an audit of ils financial slalemenls ftsr th& year in question in
accordance with section 476.
These financial sialemenls have been prepared in accordance with the provisions applicable lo companies subject
lo the small companies regirne.
The fina
ial slalemenls were approved by the Iruslees on 23 May 2025
MrMRRa
Trustee
Company registration number 04583140 IEnglanLI and Wales)

THE MAKHAD TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 OCTOBER 2024
A¢countlng pollcies
Charity informallon
The Makhad Trust is a private cornpany limited by guarante& incorporated in England and Wale5. The
registered office is Vvolseley House, Oriel Road, Chellenham, Glouceslershire, GL50 1TH, United Klngdom.
1.1 Accounting convetttlon
The financial slalémènls have been prepared in accorcEance with the charity's governing document, the
Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic ol
Irèland and the Charities SORP 'Accounling and Reporting by Charities.. Slalemenl of Recommended
Practice applicable lo ¢h8rilies preparing their accounts in accordaaGe with the Financial Reporting Standard
applicable in the UK and Republic ol Ireland IFRS 1021 The charity 18 a Public Benefit Enlily as defined by
FRS 102.
The charity has taken advantage of the provisions in the SORP for charilieg not lo prepare a Stat￿￿ent ol
cash flows.
The financial slalemenls are preparecl In steding, which is the functional currency of the charity. Monètary
amounts in these financial slalemenls are rounded lo the nearest £.
The financial slalemenls have been prepared under the historical cost convenllon. The principal accounting
policies adDpled are sèt out below.
1.2 Going concorn
At the Ilme of approving the financial slalemenls, the Iruslees have a reasonable expeclalion that the charity
has adequate resources lo continue in operational existence for thé foreseeable future. Thus the Iruslees
continue lo adopt the going concern basis of accounting in pieparing the financial slalemenls.
1.3 Chayltable funds
Unreslricled funds can be used in accordance with the ch8rilable objectives al the discretion of the trustees,
Reslricled funds can only be used lor partlcular reslricled purposes within the objects of the charity.
ReslricliDns arise when specifted by the donor or when funds are raised for particular reslricled purposes.
Further oxplanalion of the nature and Pufpose of e8ch fund is included in the notes lo the Iinancial
slalemenls
1.4 Income
All inGome is re¢ognised in the Statement of Financial Activities once the charity has enlillemenl lo the funds,
it is probable that the income will be recenied and Ihe amount can ￿ measured reliably.
1.5 Expendituro
Liabilities are recognised as expendllure as soon as there is a legal or constructive obligation Commilling th&
charity lo that expenditure, il is probable that a transfer of economic benefits will be required in selllemenl and
Ihe amount of the obligation can be ffleas￿red reliably. Expenditure is accounted for on an ac¢ru8ls basis and
has been classified under headings th81 aggrÈgal& all cost related lo the calegoiy. Whtsre costs cannot be
directly allribuled lo particular headings Ihtsy have begn allocated lo activities on a basis consistent with the
use of resources.
1.6 Fixed asset Investment5
Fixed asset Investments ara initially measured al transaction price excluding transaction Costs, and are
subsequently rneasured faif value al each reporting dale. Changes in lair value are recognised in nel
incomellexpenditurel for the year. Transaction costs are expensed as incuried.

THE MAKHAD TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 OCTOBER 2024
Incomo from donatlons and l&yacies
Urtr•$tri¢ted Restrlctetl
fuhd$
furtd$
Total Unrestrlcted ReÉtrlctad
Total
funds
luhd8
2024
2024
2024
2023
2023
2023
Donations and gifts
210
70,949
71,159
2,070
84,856
86,926
Income from oth•r trading a¢tivillès
Unrestrlcted Unrestrlcted
funds
fund5
2024
2023
Fundraising events
3,432
3,610
Expendlture on charitable activitlos
Total
2024
Total
2023
Dlrect costs
Rates and insurance
Postage, slalionèry, telephone and advertising
Sundries
Project costs
Resèarch and fundraising
BDokkeeping and admin 8UPPOrt
Bank charges
Marketing
Independent examiner's fees
Other costs
1.027
256
216
57.240
3,120
4,307
452
1,812
1,002
1,509
1,310
231
50,485
3,120
4,133
447
1,898
948
3,913
69,432
67,994
Analys15 by fund
Unreslri¢led fund5
Reslricled funds
882
68,550
3,913
64,081
69.432
67,994
Trustee5
During the year, two of the Iruslees received £17,960 {2023'. £15,892) on an arms, length basis for services
contracted and for associated Ir8vel expenses.
10-

THE MAKHAD TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 ocfoBER 2024
Employee5
The average monthly number of employees during the year was..
2024
Numb•r
2023
Numbor
Tc>lal
There were no employees whose annual remuneration was more than £SO,000.
Taxation
The ¢harily is ex8mpl from laxalion on ils aclivilies because all ils income is applied for charitable purposes. 11
is not, however, exempl from VAT and Irre￿verab1e VAT is included in the cost of those items lo which il
relates.
Flxad assot inv•stmants
Other
investments
C05t or valuation
Al 29 Oclobor 2023 & 28 October 2024
Carrylng amount
Al 28 October 2024
Al 28 October 2023
2024
2023
Other investments comprise..
Notes
Investments in subsidiaries
Debtor$
2024
2023
Amounts fallin9 due within one year.
Amounts owed by subsidiary undertakings
Prepayments and accrued income
9,776
502
3,990
527
10,278
4,517
Since the year end, the 8ub5idiary has paid £9,000 of ils debt up lo the parent charitable company.

THE MAKHAD TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 OCTOBER 2024
10 Craditors: amounts falling duo within one year
2024
2023
Other loans
Trade creditors
Aecruals and deferred income
2.000
2,210
984
2,000
573
2,179
5.194
4,752
11 Re5tncted fund5
The reslricled funds of Ihe charily comprise the unexpended balances of donations and grants held on trust
subject lo specific condilic>ns by donors as lo how they may be used.
At29
October
2023
Incoming Resources
resources
expended
Transfers
At28
October
2024
Ancient Garden Wells
Programrne
Orphan Herb Garden
Carpentry School
Dam Build 2020
Garden Drying Racks
Solar Pump Project
Bedouin Cooperative
ERIK EmergenGy
Laundry Project
P51 Weaving and Textiles
23,737
401
2,775
1,725
434
7,466
2,000
2,405
77
67,050
165,1081
122,3381
3,341
401
2,775
181
434
7,466
2,000
2,244
77
673
1,359
11.4141
11,4891
1,771
11,9321
769
1961
41,020
70,949
168,5501
123,8271
19,592
12-

THE MAKHAD TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 OCTOBER 2024
11 Restrlcted funds
{Contlnu6d)
Prevlous Y￿r.
At29
Octobèr
2022
Incominy Resources
resources
expended
Transfer5
At28
October
2023
Ancient Garden Wèlls
Programme
Orphan Herb Garden
C8rpenlry School
Dam Build 2020
Carden Drying Racks
Solar Pump Project
Bedouin Cooperative
ERIK Emergency
Laundry Project
15.436
401
1,900
2,302
434
7,466
2,000
161
77
78,265
160,541)
19,4231
23,737
401
2,775
1,725
434
7,466
2,000
2,405
77
1,000
1,525
11251
(2,1021
4,066
(1,313)
15091
30,177
84,856
164,081)
19.932)
41,020
13-

THE MAKHAD TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 OCTOBER 2024
11 Restrlcted funds
(Contlnued)
Ancient Garden Wells Programme
Piojecl lo restore the Bedouin Gardens in the high mountains of South Sinai and assistance with wells ID
alleviate lack ol drinking water in Sl Katherine and outlying communities.
Orphan Herb Gardans
Project lo support fatherless children by leaching growing of indigenous herbs as a lulure trade and to support
Traditional Bedouin Heiilage.
C•rpèntry Project
Project lo teach Bedouin young men a lifelong skill. carp&nlry.
Dam Build 2020
An anonymoLJS donation towards the costs ol dam buildiny in 2020.
Garden drylng racks
Project lo help women garden owners lo give added value to tsrchard crops.
Solar Pump Proje¢t
Project, yel lo commence. ID investlgale the potential for. and benefits of, installing Solar pOW￿ed pumps in
wells in the mountains ol Sinai.
Bedouln Cooperatlve
Project to enable the Bedouln lo sel up their own cooperative to enable them lo work together on the sale or
the purchase of large equipment such as an olive press.
ERIK Emergency
Project lo support Bedouin who have need of funds lo secure a water supply through the building Df a water
lank or provision of hoses or lo secure an tsrchBrd garden if walls are lost to ffood damage.
Laundry Project
Projed for the construction of a laundry al Eid's garden, although the project is currently 'on hold, pencling the
outcome of other reconslruclion activity nearby.
P51 Weaving and Textiles
Projèct lo revive a wèaving and lexliles venture ini118led by Ihe EU many years ago for the financial benefit of
th8 women of the Mouxaina tribe.
Tr#nsfe¥s between fund5
Transfers are made between reslri¢led and unreslricled funds al the end of every accounting period in cases
where..
il the activity ol the reslricled fund has come lo an end and there is an unspènt balance that is not
repayable lo the funderlsl, when the surplus is Iiansferred lo unieslricled funds., or
ill the reslricled fund has come lo an end and there is no prospect ol a surplus in a later period, when
the deficit Is eliminated by Iransler from unieslricl@d funds.
14-

THE MAKHAD TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 OCTOBER 2024
12 Unrostrlcted funds
The unreslricled funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors a5 to how they may be used. These include
designated funds which have been sel aside c>ut of unreslriclert funds by the Iruslees for specific purposes.
At29
October
2023
Incomlng Rèsources
resour¢os
expended
Transfers
At28
October
2024
Bedouin Community Fund
General funds
23,827
23,827
37,535
33,719
4,698
18821
33,719
4,698
18821
23,827
61,362
Prèvlous year:
At29
Octobor
2022
Incoming Resources
r•sourees
expended
Transfers
At28
October
2023
General funds
22,019
5,681
13,9131
9,932
33,719
Deslgnatèd fumds
Bodoyin Community Fund
Funds sel aside for specific community projects.
13 Related party transactlons
During the year, Iwo ol the Iruslees received £17,S6012023.' £15,892) on an arms, length basi5 foT Se￿iceS
¢onlracled and for associated travel expenses.
During the year, M R Ralcliffe Consullanls Ltd, a company of which on? ol the Iruslees is a Llireclor and
shareholder, rechaiged expenses to the Trust lolalling £4,7521£4,7491.
During a pievious period, one of the Iruslees loaned the Trust £2.000 for working cap11al. Al the year-end, th&
Iruslee was owed £2,00012023'. £2,000).
14 Contlngent Ilabllltles
Vaiious funders relain the right lo claw back grants should the use of the funds not be in accordance with the
terms of the grsnl. In the opinion of the trustees no such liability exists al the year end.
15