The British Omani kniety (fonnerly The Anglo4)mani Society) Report of the Trustees and Financial Statements for the Year Ended 31 March 2024
The British Omani kniety Contents of the Financi Statements Fortheyear Ended 31 Marth2Y24 Page RelOfthe Trustees IrtdeIwent AuditoV5 Report Statsmentof FntIal Acttvilies io Ba]ance Sheet li 12 No*s to Fina111 Statements 13-19
The British Onwji &tiety Company InforntiOn For yearEnded 31 March 1124 SAW635 81 aTha Waksl IiZFJS1 PATRON Mrcm Breeze (Vr Slikh M H Ai Rawahi Col G D Auen WKhMIG). MBA r MC Bth)pFCA (HOry TrC#5mT) MrOESUJake Mrl N G knTden CMGOBEMVO MrRKMDaud MrSFDthJ DrE Kendall BA MA Hons DPhil DH Marbn sEPM5ImFn SECRETARY MrlRGTra REGISTERED ANDPRINCIPAL OFFICE tAind¢ W153ED AUDrroRS Azets AUditknsLIMl wolTr]5 Way GU71U2 Barday5Bank PLC E145HP 3 &sDthiU Row EaY8YZ PROPERTY MANACFAS tA)ndon WIH6DU
The British Omani knAety Report of the Trustees Forttr Ye¥r Fjuled 31 MaTth 3n4 fharity, or thp SKLetyl present their annual rewt with the finanoai of the Charity for the year ended 31 March The Charity's governing (kll[ent is its Artles of dated 4 luly %n3. By o sla1 Resolutth F455ed at the Annual Gtyral Meeting ld on 19 July Xfzl. the Clwity to ckn¥e its name Imm The A1WL(1 SLKW to The Biitish Omani whmthwas regithred alQ)mpanies HOLon 14 AUBp2) liwbility of the Charity's members is limi& such that e¥h member of the awity protni& if the (Jarity is dissofved while he or She a member or within tr1Ve afler he or she ees ¢0 be • rneTnr, totrIbU w¢h {t exceeding al as may be dem¥mded of him or her towards the paymentrf Ihe debts aod IJabth"ts of dlJwity Fefore he or shE Cfd5e5 In Pllrsuar of itsch•rrtablt the (hrity i5 managed by a duty elthd b)ard 0fTTree5 (the Tr)aTd'l whKh govems the Charity'$ ¥tivities iti XLx>rdatKewith its Artth 0(As9OrL Tr TntstEesLThthrni Ihat they havecomplied with the duty TheTrusware tesponsible tormatwg theEi%ks fxed by aNI treat visk maTymentas a priority. Att)>rdingly. a Risk Su0MMIttee of the Ptstd (arnt5 Qut tE8u]ar viewS of the (]wity's rrtairt aw of risk irKludÈng health and safety matters, and appn)priats polKies nd PTactrn have Een itnplememd 9) as minimife any adverse IM on the Charity The TrnsteÈs at the d•te ol thi4 rElVrt or seThed dwiThg ts year etyjed 31 Marth 21)24, tOger With thtir re$tive resFrf>nsbilibes we¢e.' Mai&Th Rl Astanford CB MBE fchffirjwthl rc M Breeze (Vict Ckgrrjm) ikh M H Al Rawa Col. G D Allen WKhMIG). MBA lapwntrd 17 May l)231 Mr M C BislM>p FCA (HottornryTMw7trJ MrOESB]ake Mrl N G &>wdenCMGOBE MVO Sirsherard Lcowper-coles KCMGLVO (residj&pemTrel1jl Mr R K M Daud (apin1ed26bknJY1/1 MrsFDk DrE KeJaIl BA MA Hor6 DPhil Bri8. l M¢KÈownCBE MAMPhil (red 19luty>Y231 Ms Kl KinninTnont Miss D H Martin MsEPMSkmp A Managing Comtyimee of Tru5 (YTrmpri&in& R J A Stanford thainnan}. Mr C M B]wze las V(alrn1anl. Mr M C Bishop (Hortoftry TTe&*rerl atml Mr J RG Traill (s£10ryI is re5pmsible foroversÈeAti8 thejty.taY mana8emLYLt of the SLLiety. remuneration ofw getent PereL
The British Onwii kniety Report of the Trustees Forthe YearETkled 31 a sulKommittee olTnty ornw cwpt indiv1$ le¥aleAperre. deal with5tth is9 ortopxs. Detsi]sof At eh annualÈerral Tneetiryol the awity. one thiThl oftheTru#Ees reth ThETruees trTettre by rotstion sha]] be th( wh> have been ion8e5t in ofkn sire ttir app)intment a1 are e]igible for at the same annual field of exwtise and their ahitiy to Cmtribu¢e ts> the wellFem8 of the fvity. To enha)Ye the toteThtiai PM>I ol Tnjstees. the develop new PTO8raJnTtS of Work eIthae its imp1 in communilie5 it serve& Il EoaTd has rtprtsentation fro ihaJf at ]ntin8sofTrustee know]edge ofonun Prior to the appiiftlt of a new Tn. the (Thairman lor in his or her abs the vairman) and Oblertivesandal 8eo8raphy, ethv)my, literale. art ant4uities religions beliels and thsttsms by kJKwled8eab)ui aTrJ and meetings wbith ¢Day be opeo to the pubk and by individuaLs aT¥I OTWti¥- Ip)ns by pn)viding buar1e xhwLs in and pl1n8 Bri students of Onuni ÉtL$tiIeS to impThNe their Arabic. A rther pmgramme for Arabic tanguage student pixeTtnts is pl)trd for22. In add1 thE Clwity aLg) provides OPF¥)rtunities
Report of the Trustees For theYearENled 31 MarthW24 Objectives and almicoNfvAt Publtr benefit The Trustees have rAid due regard (Jwity Commi%sMm's guidae i>n pub]ic trfil considerirt8 appIattl1nS for )Jathips and and in the (Tharitys leLturE programme. The Trukn have ll8t to widen rn to the Chariiys activtbes through cwFratM>n with orgatwatiQt working with disadvattsged yoiiri8 Twle on educational exdthDges and eldItionS atkl through bringing the Tharity5 &tritie5 totheattentxm of a wider ran8e OE Britishand Ch)Wli wpie irt Brita via ils welFsite. In this way and through 8rants for pub]Iotionsat circulation of the rfy'$ Amiua] Review, the Charity has During the year 31 Matth ))24. the Cl19 frteld proFty in Sxkviue Srt London. (the 'Pmwry) genera continued appltI[>nsdrIttg the yeatforgrants lrta¢Lwwith the ChJrity¥( NGG arranges meetings and prentiO in FA)th IndOn MuxaL addrtssed by iwjth prominEnl young Ornani and Brthsh keTh. The NGC is a conduit for intrcthong young Bri¢ith Fople b) Omin I1 young Omanis to the UK and these exchanges wjll continue to form a regular part of the NGTrstrilie& The NGG has in Pmitsus yeoTsheld conferenTrs on topical i55ues in iK>th the UK a[ Oman with young Profe8 from Ix)th mntries (Teferred ts as lugh-ftyers'l atteIn& The ]ast such conleretKE. enlil]ed 'AI ott Ilw .. 51xpAg Ilr Fulllyt rfTmMsprt#lthxt'. was over thTEe days in London in teJnbei3JDand wasagain very well r£reived. Chatitable •rtiilies~ gtrtts¥nd TrJatedrtivitie 23,321 53 13, 9,547 3,875 spOnh1P0(Ontil$XU4YttB in UK 15.4 Cultur, developmeTh¢ trainiThgandherita8eex¢han8eswithOnwiis iJ.xx) 9,019 69 IIS56 Please teferto thety.SAnnUa1ReVW pubJai>)n rtKardin8 &dTiIabkimrftheaITheexrftdie. Property Mt pIed by the (rity. wpp1ented wl*n JequiJEd by to the (hritys managed iThveStttt fund. The
The British Onwii &Kiety Report of the Trustees Forthe Yw Ended 31 Mar¢h W24 indeptht vaiuatimcamed out by aprOfes] vaiuer. Tn <-COrd with Ik Qwity'scountinS y)IKy in resPt offixed a$5et ittvestmeThts, the Pmperty was last revahd at as at 31 March 3lll ryre5enkns a redu¢tw)n of The (knity's net assets iThTea¥ed over the year by an of £40J45 aThJ 1 a7h97.173 as at 31 Marth 2Y24 I1. As at 31 Manh 2U24 the Chity'S 1ve fwids were a7ffi7,173 (3)2). a7428) comwisng the reKtid eIthvt ttd and proFErty revaluation reserve allU8 kn £15,107 (XCJ . a5AIJI(YJ)) aThl funds of Q&35JKTr 12)23 . Property at¥1 pay for ib SUbt 5truLurai TnodilKotwJn aJKI fitL The in the value of the Propety following its They are Mt pernitled to convert it in to expeThdable iTre. The TTheeS do have piwets lo apply the 8 at 31 March W24 the Tntsts ld 08.133 . aA) of the Unrestr fun¢b a5 a 'pTOFErty fund,, to form a c{trIbutiOn tswa1 ftfurbishmethtL for the PmFffj. The knrd rnoniloTsregularly tssJfficiryofthi8 lut)d. The balae of the fund lthe 'gertal hAndJ availablE Tnee¢ the t of the (Thariry's activitie5. The &kard will peritKl1crefuJshentreqUirernentsfor theProFrty. An budget for the awity i8a8rted by the exh year. wlith pr(wrts the level of reserves to be retatid and tt hmds available tt> rne theclwity's day.bHlay 1111¢5 i1% an al&)wae for making awards in further ThETrustees havethe p)wer kn inve#%typlusfwth45 W seefiL The&Mrds ]Y is tohave the mar)rity of its rPluS hJnd$ As at 31 Marth 1124. thevaiue of the inve•J hjnd Strxl at£lS8w pr£i. o441.7(1 a nEt ith value ofU40JVover the yw. A $uFfrcommittee of the FA)ard h&$ rrtty invited a mithber of fund mana8er4 Ildin1 the cwrmt fvnd manager, lo as is of a size under Ixjthcharity atKI company Jaw where its xcounts are required to be auditsd. AcL-ordLngly. the
The British Omani kniety
Report of the Trustees
For thÈ Year Endcd 31 MJTcb 3)24
STATEMÉNTOFTRUSTEES. RESPONSIBILTTIES
The Tnjstees (who #Tt ¥iso dir&tor5 of the &xiety for the IXIrr of crn))pany lawl are re5FKwtsible for PTeJxring the ReFth of
KingdomGettera]ly Attepted A(Uting Pr&knl.
ofthe Charity fortheye¥Y. ]n wep•rn)8 the knTKial #ate[tlLthe Tntsatrrequired t
ob5ervethe tnethodsand prtsyipks ith Charities%)RP3ll5 (FBSI(r4."
make iudgementsand estirnate5 that are reag)nable•l
exPtsiTd in the financi Statem and
deLe
The British Omani kniety Jndependent Auditor's Report For the Y&irFJMled 31 Marth2>24 Oplnlon for year ended 31 March 2)2L wlith Compli the strte of Achviw Balae SW Slatement of Cash Flow Finan(] Retx>rting Standard app]M2ble in the UK and Rwblit ol Ire]and' and app]Kable jaw (Uniled KiThgdom Generally ve • trne and fairvw ofthe aate the awity'5 affairs al 31 ofits and appJKation of YewuJre$ and its iOme and e¥wlituTt forthtytartlnended. Babls£or opinion We Conduc our audii in with Intern garnlayts on Audthng (UK) {A$ (UK)) applKable jaw. I TtsP)nsib]litie5 thLW 5tatKlards are hjrther in the Auditorf5 TE5wtsibdities (or the audit of the financial to our audit of the finaTKial Stalents in Ihe UK iludIng the FRC5 Etknl sJard aTKI wt have fujhlied ovr otrer ethical respDJblI1tle5 in aLrordatKE with these requirntI We belie thal the audit evide¢ we have oiMatrd is wfficit aryl approwiateto pn)videa basis lor(wropiniotL preparatiortof the finaJial statements i5appThyriate. individua]ty or cdl&trety. doubt on the charitable comp#Y'S aityh.ty kn conbnue as a 80ing cfflcern for a th1$rert. statements or our knowleilge obtai[d in the course of theaudil or hEr apF5 Jnariaity misslated. If we entIty We have Th)thin8 to TepJrtin this In our opinKm bad on the work undertaken in thecoutse offvaudit
The British Omani knlety Independent Auditor's Report Fortheyear ed 31 Marth 1124 In the li8ht ofovr knowledge Lttthvstsndingof aThl itseThVimtol13ljd of thÈaudiL we have t identsfied marial misslatemwlts in Rewl of TAee> visid by us oi we have not received a]lthe infornution al exp]anations we reqlle lorrwr•udiLor adVatage of small companies. exemptmm in prerArin8 the direct re[ aThd frorrt the ttqViTtment to prtpaTtr a stratw rep)rL Rejpowibilities of As explained more fully in the statement ol Tn Re5Fffl4bjllt (set i>Ert on page 61, the art Te4xmble for the preparation ol the fitwKiai statements and lor satisfied that Ihey give a true and lair view. and for such interna] control as wdt tofr•ud OT errnr. CO di10$1& a$ ¥ppJKabJe. fllattets TEJatl to going Co[ern and the Boing btsis of the trusteeseittv iDIEnd to liqvidate charity ortOCe Operati orhwenD TLE alrnatiVe b¥1 t(tdoso. Audlto¢$ respon•ibilities (QTthr4udit o(thefinarKial stats1 (kn oEFth"ves are ID obtain reasonable aTalKe ai¥)ut Whettr finla1 stalemeThts as a wts)]e ayt he tJaI tnisStamenL WtherUt lo Iraud orertDr. aThJ to an audÈtorfsrep)rt that intludes ouroptnh)n. Rpag)nabJe a55urdle isa high level of assuT¥nW but is tW)t a guarantee that an audItc(dUCd In>rdame with JSAS (UK) Will alwaysdetert a Intatement wheTh it exis Mts#•temerts 3rise fwTn fraud or error aThl are considered marIal if. indtviduauy or in the JrTegu]aritie% luding fraysL aty ol Th)TKoMphaé with laws and re8ulatM)n& We desigrt pUTeS in ]ine with ur re5F4>n4biliw outlined aknve. hi dert titer[ misstarnents res of in8ularill tluding frau(t The $wif procedure$ foi this eD8agenwit 4ThJ the exkn tD whKh these are cdpable of detw irre8ulaiities ]lUdIng fraud is detailed beknv. Bad on our underslanthg of the Owity, we idenbfied tha¢ tht PTuipal rik of 1COMPliae wtth jaws al regulations related to brehe$ of health safery employee Jaws atsl We a]x> oblained an underskThling of the •rtd regulatory frameworks that the company operatrs in. on te that had a dir&* efftr on material f¢8ures and Charitie% Act2)11. as well as the 04riry RP. enqlliring ofmanagementc(xKerningxtualand ents1 litigatKfflaThl claiti. rnisstatement dueto We cotnmunKaled Trlevanl Identif w$ and regulaTh Fotential fraud risks to all ertgagemt tram membeTh, and
The British Oniani kniety Independent Auditor's Report For YearEnded 31 MatthW24 Because of the inherent Jimitstions of•naudiL is a rtyk we will lde all iffegutsritie& itK4udin8 the leaduw ¥ A further deKtipbon of our respxksibilities is available on the Finarnial Rewprbn8 C11,5 websi* at our auditofs repJrL U8e oEourTewi This reprt is made xTrlely to the dwrikblt ($ as a Ixwty. . COrdae with (hpter 3 01 Part 16 of the Companie5 Act ¢JJr audit Work has beth derf] $0 that we might sratr to the charitable wmpanrfs ynemts those matters we are ryuired to Sta to thEm in an audi$ rep)rt aTMI foT FxJrrAw. To the fill1 extent PErnitted by Law. we do not ptOr awime Te5ponskn]ity knaTtyoneoth than the (haritsblecompany aThl ttEcharilablecotnpanfs members as a IK)dy, forouraudilworK forthisryrLorf0rthopiri wehaveforowd Ii)nathanVKkery BA FCA Fauorstatykny Audi1) Forand on behalfof Azets AuditServKesLimitEd Audi W00ck Way Godajming GU71LQ Date 17 Juty X724
io
Statement of Financial Activities {iwrdting Irwre and ExEEnditure Account)
FortheYearEnded 31 Marth X)24
T¢)tsl
16324
Clwitable tIvIt
144
Other income
I?64
I.764
213
Tolal
(A1.T76
ExPENDuREoN.
Rairyingnds
CTharitable tIVi9
125,394
(468.
The British Omani knAety (Rwstered Company Numir. 67(85) Balance Sheet li Fortheyear Ended 31 Matth 21124 Total Total Investttnts Tan TOTAL FIXED ASSETS IW73 4619.494 iQ44un 4AIL214 io 1é720 4A35,7(B 15m9,2( CilRRENf ASSErs Debtors 2&157 Z441,7fX) 249,017 zr24.421 Cashat kad irt h 4)67 187, NETCURREpif ASSErs W7,219 6 ISffi1I67 17W7Jn 17AE6,4 CREDrroRS Arnounts fallingdue a(r0 year IS(W 1791.173 I7.428 THE FUNDS OF1HE CHARTrY 14 14 ZS97.173 38.133 2597.173 38,133 hAnd Z656.428 Meslrldedfwnds Endoivment fund Revaluation reserve 14 9.933.991 5.IVN6 9.953,gn 5,127ffj76 9%7Z124 S,1,870 I5,1.(mA) 14 14 17fft7.Ir3 17,&56A28 Chritie5' applable b) durilies F)teparng their CoUnts in &rordaTKE with FinaKial Rwtsng 5tandth leffective I January In9). on pases 10 1019w£xe•pwtyedbyth¢BodOn 17lllty XQ4*nd 9igtied oa Its behalf br. MarG rdCT MBE (C]rI) Dak. 17 Jwly 2)24
The Britith Onwii kniety (Retered Company Numir. 67(WJ85) Cash Flow Statement 12 For theyearEted 31 Matth2124 Tolal Total COME Net movement inffundsduring theyfdr 4Q745 4Q745 IIA89,n5) 13M).IKKk Add ikdePreciatiOn{ty intheyear 7h17 )7) 8547 7k+17 040JVJ 8547 (Yp.85n 1618 105mO 198147 I),357) NETCASH ABSORBED BY OPERATING AcrtvmES IW.745) I.745) Add back invegtmethtiJmne Addit tolixtd assety P.128) 13,lJ) ).iLv)) NET CASH PROVIDED BY INV&NG AVIT[F$ 162 ,162 (Deutasel/iTase incash in the year 0435&31 177.1 161.86 161A64 Cash balanatS*art ol the year 249Jn7 24917 .3 CASH BALANCES AT END OFTHE YEAR 249Jn7 TheCoMPany1t1g Mte$( pages 13 kn 19fonn anirwpartdttw firw¥ial slaiemetits.
The Britxsh Omani &xiety (Registed Company Num1. 67( Notes to the Financi Statements 13 ForthEYear FIed 31 March 24 I ACCOUFrnNG FOU(]FS With effett from 14 Au8u# JFZJ. the TTne of th¢Tity was ¢W fmm Tr An8{1 oety lo The Brttsh Omani Out( page l. ThenatUf Qwity.5Or1jn5 ISl1 in the Re}rtofthE Tr appIab]e to cN3riues PParIng theiirouDts with the FInarla1 Rerting StsThlardapplKxble in the UK and Republic of I)8nd IFR51¢Y4 lefknive I january 2n9)., Fil111 Repirtin8 Stalard ITr2 Tr Finatxia] Rep>rkng Stsndard appli¢¥ble in the UK Ryblic of Ireknd. and the CompaDTes Art finaThEi& stalemetts have bTr Prepared the foTeeable luturE and£Lte1th ibchaTitsbJe a88regate all costs to theategory. Grants payable to third paths e wtthin the (haritsble olvlY WhETr uthditsoDal grants are Offe0, aye ed as the r(Yip ts N)lified ol the gvnL as thi5 gives rise to a teasonable Cosiof gerterating fvnds Exltu1 4m tharitabie xtivitrs in the prar of ts alty.5 is Calegorj in Th>te 7 a5 relating kn either the Fixe(i aet irtvesthts are ld in the b¥Latyr at tknr fair valu& or ai Tnkn. es*tmate of fair value. All
14
Notes to the Financial Ststements
For the Year Fded 31 Mayth 24
44"ustsd b) math any rLwa]uatmOfthe inveslmentproEffj.
Taxation
The lTharity 15 exempt from pying colrat)n Tax on iLdritsble The ow1& tI¥ltIeS are 1kn8h subFtt
vATa[ thechaiity is re8i#ered forVAT.
Deb nd
The British on71 kniety Notes to the Financi Statements 15 For theyear Fnded31 Marth1>24 5 OIHFJi INCOME 14 17,54 175294 246 tease suryettderand dilapidauons pY(¢eeds 99.017 16.667 12).764 Sp)twtshipol NGG Thigh.flye1s'LxnfettÈS 9.011 1&530 Coslsof providingi>trliThe knb Wgec(xs li,U6 5A27 25.541 {al (bl Icl Total Total Promotion ofon Gr¥nts attd awatds 91119 310M8 i16 321.752 121.437 453.189 97.2t5 69 141 Dlrertcostscornpri. PrnNDlroTr of IA26 11,&36 13,2h2 Costsof holdin LecreS ]lUdin ILxturers' travel(Yrts 9.ffl9 9.ffl9 GTthts4nd¢Tr¢wds~ ZJ,321 15,475 13.5(Y) 9,547 3,8 55,543 Cultural. develDpmenL trainingand hitageeXdn8QSWith Cknanis NetcJYdit/ 13,7Tr1 11&0151 fA).231 To1 dirert¢osts 69 Ajwlsrisrfsyllnts Nq&nr thr3eor~ awardsto inibJtiLXb iThdividua]s Total STrrShIp0foiSSJdYjn8 in the UK I45 15,4 703 13,7th 118,0151 CulturaL developmenL trainingand herilage exchanges with Ottwis NelcTedil rants in rES ii, 29.166
The British Onwii &Kiety
(Rykned Company Nunkn. 67(th85)
Notes to the Financial Statements
16
FortheYeatEnded 31 Maffh2Y24
JJJstsfvtroTr41 rtiivrntsrfGr#lltsaKdurdS Ihr3etr~
Tolal
SFx4r5hlpOE0rnaniS Studying in the UK
14975
,x¥)
11975
nd literary grants
CulturaL developtnen¢ tra]Insand herilageexchan
£gP)
6,4n
IL
Net¢redit/grants Te5peLtof (thr(hani f(Led
rx>r
13),559) '
4979
29.166
Total
Ibl 5PPort¢0ts>rnpTi..
I4812
iY)h29
32
Recruitment and trainIngccts
Staff travel & accommodation
NGG'high.flyers' Conferee0$
Other su
rt Costs
Totsl 5UPPOrt
The British Omani kniety Notes to the Financial Statements 17 For the Year Fnded 31 marth14 8 GOVEKNANCECOSTS Professiorol fees 3AYJ 5539 £014 46 AUd]kn, TEMU[ration revaluationfees .i(AJ 1917 No Trnse Yereived any YemuT8tK} or ots t111$ durin8 yeat (1)7J . £Nill. Cenain Trustees received eynges w5 f2533 (YY23 . £52141. wvering four TnL5tee5 IJLI . foul TTu#eesl. in Yespttt of the re7mb¥ren¢ of Freehold property Canyingvalueat l April 2121 Additions inthe year iOJ805 61b57 The PrortY was last revalued as at 31 Mayth 13 by Mr R MRI(3. a RI(5 Rered Valuer ofauttoTLS LLP. at on the ba$ of Fair Value. with the RI(5 ValuatM)n- GlolMI Standarfb issued in January FTreknid prortY Computer equipment Fithres & Tolal Cost AsallAprilm Addit> in the As at31 March 24 4619.494 iQ484 14 3,128 .186 4kn19A94 A5 atl April 2ff£4 {sQ2) intheytar 18551 OIAW) As a131 Marth14 Netr book value As at31 Match 24 19A91 Asat 31 March 4k19A94 18,
The British OrLani &xiety (Rwstered Company Nuntter. 67(&85) Notes to the Financial Statements 18 For theyear Ended31 March 3)24 No depreoation is provided in re$t of the freehokl property because the Tru4eescon>dtr that the high rtsidual value of bejieve that thi$departU ISr¢s$ary in order provide atrneaAI hirview. 11 DEoR$ 25,157 53,704 33,7( Marketvalue of funds at l April Net Ye1Ved in year (see ty)tr41 in the fvnd valve intl MarketFaiue of fundas at 31 Maych Z441.7C() 48.122 91 Z547,5 48,L124 055,8441 Z441,7(K) from thend manageT 13 CREDTfoR&. AMOUNTS FALUNG DUE wmiiN ONEYEAR Grantsawarded yetkn be pa Ddertrd proFW rtntsl I¢e MÈmbÈrs' gjbxripiions paid th •dvx VAT able 1&262 i.I¢M> zi&6 5,157 30J45 14 THEFUNDS OFTHE OIARfTY Net Atl Apnl At31 Matth in h]nd5 crter fund ,428 40,745 61,S5 (2LL22) Z597.IT3 IA28 Restrlded Endowment fund ReValuatn rew¥e 9m124 S,]%76 15,IKK)JMMI 61J67 9.933.991 5,127N6 15.tW67 617 17.f 40.741
19 Notes to the Financial Statements Forthe YearEnded 31 Mat¢h3)24 Gains( Nrtmovemeol Nttmoveme in (unds Gerral fund fund 4Q745 61,86 (ZLW? 15 15,925 10,285 Endowment hd Revaluation rre Totsl InllowA4mttlowl 6U67 4Q74S IIA89,n5) proFffj artd its subsequent Stru£ MJ]fication a1 The Prorerty was ]a# revahd as at 31 Marth 2Y23 and a revaaOn deit of £IAY)XYXI ivas debited to the Tevahution reserve at that time. wlith the T[e5 regard as rethicd funds. TheTTu*ees have]itnited pmers over theuseofthe erth¥mffit tund a1 aye Jequired Jytsin it indefinitely. They the Trustees ]d Q8,1&1 IWD. a(X>JW of the Unres fwid as a proFrry fund to cover future cosls re]ating to the TefiLrbi5hments of the Prorffj induecourse. IQ4W73 19.491 IOAQJ73 4634214 ,157 lo2 438,73 14TI) 2&1 Debtor5 3&133 1441.7 249.017 (87, 17,&56,428 Cathat bank CTrdilor5~AJTroullts dut uryllw'l 437 PO.3451 17fft7Jn 2.]7j 15Afji 15 RELATED PARTYTRANSAclloNS 16 ULTIMATE COPrniOLLING PARrY Companykn 34&ckviJ]eStTeet LojOn WIS3ED