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 Rel￿Ofthe Trustees IrtdeIw￿ent AuditoV5 Report Statsmentof F￿￿ntIal Acttvilies io Ba]ance Sheet li 12 No*s to Fina￿111 Statements 13-19 The British Onwji &tiety Company Inforn￿tiOn For ￿yearEnded 31 March 1124 SAW635 ￿81￿￿ aTha Waksl IiZFJS1 PATRON Mrcm Breeze (V￿r Sl*ikh M H Ai Rawahi Col G D Auen WKhMIG). MBA r MC Bth)pFCA (HO￿￿ry TrC#5m￿T) MrOESUJake Mrl N G knTden CMGOBEMVO MrRKMDaud MrSFDthJ DrE Kendall BA MA Hons DPhil DH Marbn sEPM5ImF￿n SECRETARY MrlRGTra REGISTERED ANDPRINCIPAL OFFICE tAind¢ W153ED AUDrroRS Azets AUditkn￿*sLIMl 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 (k￿ll[￿ent is its Art*les of dated 4 luly %n3. By o s￿la1 Resolutth F455ed at the Annual Gty*ral 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 HOL￿on 14 AUBp￿2) 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 tr￿1Ve afler he or she ee*s ¢0 be • rneTn￿r, to￿￿trIbU* w¢h {￿t exceeding al as may be dem¥mded of him or her towards the paymentrf Ihe debts aod IJabth"t*s of d*lJwity Fefore he or shE Cfd5e5 In Pllrsuar￿ of itsch•rrtablt the (hrity i5 managed by a duty elthd b)ard 0fTTr￿ee5 (the Tr)aTd'l whKh govems the Charity'$ ¥tivities iti XLx>rdatKewith its Artth 0(As9￿￿OrL 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 Su￿0MMIttee 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 E*en 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, tOge￿r With thtir re$￿tive resFrf>nsbilibes we¢e.' Mai&Th Rl Astanford CB MBE fchffirjwthl rc M Breeze (Vict Ckgrrjm) ikh M H Al Rawa Col. G D Allen￿￿ WKhMIG). MBA lapwntrd 17 May l)231 Mr M C BislM>p FCA (HottornryTMw7trJ MrOESB]ake Mrl N G &>wdenCMGOBE MVO Sirsherard Lcowper-coles KCMGLVO (resi￿￿d￿j&pemTrel￿1jl Mr R K M Daud (ap￿in1ed26￿bknJY1/1 MrsFD￿k￿ DrE Ke￿JaIl BA MA Hor6 DPhil Bri8. l M¢KÈownCBE MAMPhil (re￿￿d 19luty>Y231 Ms Kl KinninTnont Miss D H Martin MsEPMSkmp A Managing Comtyimee of Tru5*￿ (YTrmpri&in& R J A Stanford thainnan}. Mr C M B]wze las V￿(￿alrn1anl. Mr M C Bishop (Hortoftry TTe&*rerl atml Mr J RG Traill (s￿£10ryI is re5pmsible foroversÈeAti8 thejty.t￿￿aY mana8emLYLt of the SLLiety. remuneration ofw ￿￿￿get￿ent Per￿￿eL The British Onwii kniety Report of the Trustees Forthe YearETkled 31 a sulKommittee olTnty ornw cwpt indiv￿￿1$ ￿le¥a￿leAper￿re. ￿ deal with5tth is9￿ ortopxs. Detsi]sof At e*h annualÈer*ral Tneetiryol the awity. one thiThl oftheTru#Ees reth ThETru*ees tr*Tettre by rotstion sha]] be th(* wh> have been ion8e5t in ofkn sir￿e tt*ir app)intment a￿1 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 PTO8raJnTt￿S of Work eItha￿e its imp￿1 in communilie5 it serve& Il* EoaTd has rtprtsentation fro i*haJf at ]n*tin8sofTrustee know]edge ofonun Prior to the appiiftl￿￿t of a new Tn￿￿. the (Thairman lor in his or her abs￿ the v￿￿￿airman) and Oblertivesandal 8eo8raphy, ethv)my, litera￿le. art ant4uities religions beliels and thsttsms by kJK*wled8eab)ui aTrJ and meetings wbith ¢Day be opeo to the pubk and by individuaLs aT¥I OTWti¥- Ip)ns by pn)viding bu￿ar1e xhwLs in and pl￿1n8 Bri￿ students of Onuni ÉtL$ti￿IeS to impThNe their Arabic. A ￿rther pmgramme for Arabic tanguage student pixeTt*nts is pl*)trd for2￿2￿. In add1￿ thE Clwity aLg) provides OPF¥)rtunities Report of the Trustees For theYearENled 31 MarthW24 Objectives and almicoNfvAt Publtr benefit The Trustees have rAid due regard (Jwity Commi%sMm's guida￿e i>n pub]ic tr￿fil considerirt8 appI￿attl1nS for )Jathips and and in the (Tharitys leLturE programme. The Trukn have ￿ll8￿t to widen rn to the Chariiys activtbes through cwFratM>n with orgatwatiQt￿ working with disadvattsged yoiiri8 Twle on educational exdthDges and el￿dItionS atkl through bringing the Tharity5 &tritie5 totheattentxm of a wider ran8e OE Britishand Ch)Wli w*pie irt Brita via ils welFsite. In this way and through 8rants for pub]Iotionsat￿ circulation of the *rfy'$ Amiua] Review, the Charity has During the year 31 Matth ))24. the Cl￿1￿9 frtel￿d proFty in Sxkviue Srt London. (the 'Pmwry) genera continued appl￿tI[>nsd￿rIttg the yeatforgrants lrta¢Lw￿with the ChJrity¥( NGG arranges meetings and pre￿n￿tiO￿ in FA)th I￿ndOn MuxaL addrtssed by iwjth prominEnl young Ornani and Brthsh keTh. The NGC is a conduit for intrcthong young Bri¢ith Fople b) Omin I￿1 young Omanis to the UK and these exchanges wjll continue to form a regular part of the NGTrs*trilie& The NGG has in Pmitsus yeoTsheld conferenTrs on topical i55ues in iK>th the UK a[￿ Oman with young Profe￿￿8 from Ix)th mntries (Teferred ts as lugh-ftyers'l atte￿In& 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 •rti*ilies~ gt*rtts¥nd TrJated*rtivitie 23,321 53 13, 9,547 3,875 spOn￿￿h1P0(On￿til$XU4Ytt￿B in ￿ UK 15.4 Cultur￿, developmeTh¢ trainiThgandherita8eex¢han8eswithOnwiis iJ.xx) 9,019 69 IIS56 Please teferto the￿￿ty.SAnnUa1ReV￿W pubJ*ai>)n rtKardin8 &*d*TiIabkim￿rftheaITheexr*ftdi￿￿e. Property Mt ￿pIed by the (￿rity. wpp1en￿ted wl*n JequiJEd by ￿ to the (hritys managed iThveSttt￿t 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's￿countinS y)IKy in resP￿t offixed a$5et ittvestmeThts, the Pmperty was last revah￿d at as at 31 March 3lll ryre5enkns a redu¢tw)n of The (knity's net assets iThTea¥ed over the year by an of £40J45 aThJ *1 a7h97.173 as at 31 Marth 2Y24 I￿1. As at 31 Manh 2U24 the Ch*ity'S ￿1ve fwids were a7ffi7,173 (3)2). a7*￿428) comwisng the re*Ktid eIthv￿t ￿ttd and proFErty revaluation reserve all￿U￿8 kn £15,￿1￿07 (XCJ . a5AIJI(YJ)) aThl funds of Q&35JKTr 12)23 . Property at¥1 pay for ib SUb￿t 5truL*urai TnodilKotwJn aJKI fit￿￿L The in the value of the Propety following its They are Mt pernitled to convert it in to expeThdable i￿￿Tre. The TTh￿eeS do have piwets lo apply the 8 at 31 March W24 the Tntst*s ￿ld 08.133 . a￿A￿) of the Unrestr￿ fun¢b a5 a 'pTOFErty fund,, to form a c{￿trIbutiOn tswa1￿ ftfurbishmethtL￿ for the PmFffj. The knrd rnoniloTsregularly tssJfficiryofthi8 lut)d. The bala￿e of the fund lthe 'ger*tal hAndJ availablE ￿ Tnee¢ the t￿ of the (Thariry's activitie5. The &kard will peritKl1crefu￿Jsh￿entreqUirernentsfor theProFrty. An budget for the awity i8a8rted by the exh year. wlith pr(wrts the level of reserves to be retati*d and tt hmds available tt> rne* theclwity's day.bHlay ￿1￿111¢5 i￿1￿% an al&)wa￿e for making awards in further ThETrustees havethe p)wer kn inve#%typlusfwth45 W seefiL The&Mrds ￿￿]￿Y is tohave the mar)rity of its ￿rPluS hJnd$ As at 31 Marth 1124. thevaiue of the inve*•J hjnd Str*xl at£lS8w pr£i. o441.7(1￿ a nEt ith value ofU40JVover the yw. A $uFfrcommittee of the FA)ard h&$ r￿rtty invited a mithber of fund mana8er4 I￿l￿din1 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(￿U￿ting Pr&knl. ofthe Charity fortheye¥Y. ]n wep•rn)8 the* knTKial #ate[t￿lL￿the Tntsatrrequired t ob5ervethe tnethodsand prtsyipks ith Charities%)RP3ll5 (FBSI(r4." make iudgementsand estirnate5 that are reag)nable•*l exPtsiT￿d in the financi￿ Statem￿ and deLenabie assur•￿ that the finanaai ststements free fr(Mn material w1thrGi￿￿d by fraud or ¢)d*r iTwiarity or ern)r. Jn s) faras thE Tru5teesare aware.. there ks ￿ Yelt¥atht audit infonnatioTh las defined by 418 oftheCompan*s Art Th) of whith the Owiry's AudiloT5 are Unaw￿ and the Trnstees have taken all steps that ￿ ￿ght to h•ve taken to make awaTr ofany relevanl audlt and to e*Ablish thatthe AuditOTsateaVAreofthatiThforo￿. AUDrroRS companies. ON BEHALF OFThE BO R J Astanford CB MBE (awnxln) Datw. 17 Juty 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 Bala￿e 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 fairv*w ofthe aate the awity'5 affairs￿ al 31 ofits and appJKation of YewuJre$ and its i￿Ome and e¥w￿lituTt forthtytartl*nended. 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 Stalen￿ts in Ihe UK i￿ludIng the FRC5 Etknl s￿￿Jard aTKI wt have fujhlied ovr otrer ethical respD￿JblI1tle5 in aLrordatKE with these requirnt￿I￿ We beli￿e thal the audit evide￿¢ we have oiMatr*d is wffici￿t aryl approwiateto pn)videa basis lor(wropiniotL preparatiortof the finaJ*ial 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$re￿rt. statements or our knowleilge obtai[￿d in the course of theaudil or ￿hEr￿ apF￿5 Jna*riaity misslated. If we ￿entIty We have Th)thin8 to TepJrtin this In our opinKm ba*d 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 itseThVim￿tol13lj￿d of thÈaudiL we have t identsfied ma*rial misslatemwlts in ￿ Rewl of ￿TA￿ee> visi￿d by us oi we have not received a]lthe infornution al￿ exp]anations we reqll￿e lorrwr•udiLor adVa￿tage 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 Te4xm*ble for the preparation ol the fitwKiai statements and lor satisfied that Ihey give a true and lair view. and for such interna] control as w￿d￿t tofr•ud OT errnr. CO￿ di￿10$1￿& a$ ¥ppJKabJe. fllattets TEJat*l to going Co[￿ern and the Boing btsis of the trusteeseittv iDIEnd to liqvidate charity ortOCe￿ Operati￿ orhwenD T￿L*￿E al￿rnatiVe b¥1 t(tdoso. Audlto¢$ respon•ibilities (QTthr4udit o(thefinarKial stats1￿ (kn oEFth"ves are ID obtain reasonable a￿TalKe ai¥)ut Whett￿r fin￿￿la1 stalemeThts as a wts)]e ayt h*e ￿￿t￿JaI tnisSta*menL W￿ther￿Ut lo Iraud orertDr. aThJ to an audÈtorfsrep)rt that intludes ouroptnh)n. Rpag)nabJe a55urdl￿e isa high level of assuT¥nW but is tW)t a guarantee that an audItc(￿dUC￿d In￿￿>rdame with JSAS (UK) Will alwaysdetert a In￿tatement wheTh it exis￿ Mts#•temerts 3rise fwTn fraud or error aThl are considered ma￿rIal if. indtviduauy or in the JrTegu]aritie% ￿luding fraysL aty ol Th)TKoMpha￿é with laws and re8ulatM)n& We desigrt p￿UTeS in ]ine with ur re5F4>n4biliw outlined aknve. hi de*rt ti￿ter[￿ missta*rnents ￿ res￿ of in8ularill￿ t￿luding frau(t The $wif procedure$ foi this eD8agenwit 4ThJ the exkn* tD whKh these are cdpable of detw irre8ulaiities ]￿lUdIng fraud is detailed beknv. Ba*d on our underslanthg of the Owity, we idenbfied tha¢ tht PTu*ipal ri*k of ￿1￿COMPlia￿e wtth jaws al￿ regulations related to bre￿he$ of health safery employee Jaws atsl We a]x> oblained an underskThling of the •rtd regulatory frameworks that the company operatrs in. on t￿e that had a dir&* eff￿tr 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 regula￿Th￿ Fotential fraud risks to all ertgagem￿t 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 l￿de￿ all iffegutsritie& itK4udin8 th￿e leaduw ￿ ¥ A further deKtipbon of our respxksibilities is available on the Finarnial Rewprbn8 C￿￿11,5 websi* at our auditofs repJrL U8e oEourTewi This reprt is made xTrlely to the dwrikblt (￿$ as a Ixwty. . COrda￿e with (hpter 3 01 Part 16 of the Companie5 Act ¢JJr audit Work has beth ￿derf￿] $0 that we might sratr to the charitable wmpanrfs ynem￿ts those matters we are ryuired to Sta￿ to thEm in an audi￿$ rep)rt aTMI foT FxJrrAw. To the fi￿ll￿1 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 Audi￿1) Forand on behalfof Azets AuditServKesLimitEd Audi W00￿ck 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 ExPEND￿uREoN. Rairying￿nds CTharitable ￿tIVi￿9 125,394 (468.77kth) Losq on revaluabon offixed 141ZII4 NET MOVEMENT￿ FUND5 4Q7 4Q745 P,489,n5) RECONCtUATION OF FUND5 Total futmtsbrought forward Movement between funds in tt* 14 14 .428 1S(IM)ml 17h56A28 161A671 61557 19,14&14 TOTAL TrUNDSCARRiED FORWARD 14 I&(￿u67 1707.IrJ 17.656A totsl rtrwtsed 8ains/1(￿Shasbeen pYe*nted. The British Omani knAety (Rwstered Company Numi*r. 67(￿￿85) Balance Sheet li Fortheyear Ended 31 Matth 21124 Total Total Investtt*nts 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 ￿￿ka￿d irt h* 4)￿67 187, NETCURREpif ASSErs W7,219 6 ISffi1I67 17W7Jn 17AE6,4 CREDrroRS Arnounts fallingdue a(￿r0￿ year IS(*W 17*91.173 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' appl*able b) durilies F)teparng their ￿CoUnts in &rordaTKE with FinaKial Rwtsng 5tandth leffective I January In9). on pases 10 1019w£xe•pwtyedbyth¢Bo￿dOn 17lllty XQ4*nd 9igtied oa Its behalf br. MarG rdCT MBE (C]￿rI￿￿) Dak. 17 Jwly 2)24 The Britith Onwii kniety (Re￿tered Company Numi*r. 67(WJ85) Cash Flow Statement 12 For theyearEt￿ed 31 Matth2124 Tolal Total COME Net movement inffundsduring theyfdr 4Q745 4Q745 IIA89,n5) 13M).IKKk Add i￿kdePreciatiOn{*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 A￿VIT[F$ 162 ,162 (Deutasel/iT￿ase incash in the year 0435&31 177.1 161.86 161A64 Cash balan￿atS*art ol the year 249Jn7 249￿17 ￿.￿3 CASH BALANCES AT END OFTHE YEAR 249Jn7 The￿CoMPany1t1g Mte$(￿ pages 13 kn 19fonn anirwpartdttw firw¥ial slaiemetits. The Britxsh Omani &xiety (Regist￿ed Company Num1￿. 67( Notes to the Financi￿ Statements 13 ForthEYear FI￿ed 31 March ￿24 I ACCOUFrnNG FOU(]FS With effett from 14 Au8u# JFZJ. the T*Tne of th¢￿Tity was ¢W fmm Tr An8￿￿{￿￿￿1 *oety lo The Brttsh Omani Out(￿ page l. ThenatU￿￿f￿ Qwity.5Or￿1￿jn5 IS￿l￿1 in the Re}￿rtofthE Tr appI￿ab]e to cN3riues P￿ParIng theii*rouDts with the FInar￿la1 Re￿rting StsThlardapplKxble in the UK and Republic of I￿)8nd IFR51¢Y4 lefknive I january 2n9)., Fil￿111 Repirtin8 Sta￿lard ITr2 Tr Finatxia] Rep>rkng Stsndard appli¢¥ble in the UK Ryblic of Ireknd. and the CompaDTes Art finaThEi& stalemetts have b￿Tr Prepared the foTe*eable luturE and£L￿t￿￿e￿1th ibchaTitsbJe a88regate all costs to theategory. Grants payable to third paths *e wtthin the (haritsble olv￿lY￿ WhETr uthditsoDal grants are Offe￿0, aye ￿ed as the r(Yip￿ ts N)lified ol the gvnL as thi5 gives rise to a teasonable Cosiof gerterating fvnds Ex￿￿ltu1￿ 4m tharitabie xtivitrs in the p￿r￿ar￿ of ts a￿lty.5 is Calegorj￿ in Th>te 7 a5 relating kn either the Fixe(i a*et irtvesth￿ts are ￿ld in the b¥Latyr at tknr fair valu& or ai Tnkn. es*tmate of fair value. All 14 Notes to the Financial Ststements For the Year F￿ded 31 Mayth ￿24 44"ustsd b) math any rLwa]uatm￿Ofthe inveslmentproEffj. Taxation The lTharity 15 exempt from pying col￿rat￿)n Tax on iL*d*ritsble The ow1￿& ￿tI¥ltIeS are 1kn8h subFtt vATa[￿ thechaiity is re8i#ered forVAT. Deb￿ *ndrdte Membership lees- private Donatio￿$ 9517 140 1th324 707 3 CHAIUTABLE AcrivrTIES yÈty'S Al￿Val Lut*hand (therevei*s lttve#ment PtoF*rty Twm hire fees AdvÈrbsin8 itxome fvom tl* &xiety's Annual Rev*w ￿bI￿all0 Sale of Sr¥ie bes¥Dd iKM)ks 5.179 825 Rental ￿￿Or￿e from lettingof irtvtsttt￿ prO￿ty 25Z411 375.181 48.￿24 6J72 insinthe 426,144 The British on￿71 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'Lx*nfett￿ÈS 9.011 1&530 Coslsof providingi>trliThe knb￿ Wgec(x￿s li,U6 5A27 25.541 {al (bl Icl Total Total Promotion ofon Gr¥nts attd awatds 91119 310M8 i￿￿16 321.752 121.437 453.189 97.2t5 69 141 Dlrertcostscornpri￿. PrnNDlroTr of IA26 11,&36 13,2h2 Costsof holdin Lec￿reS ]￿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 h￿itageeXd￿n8QSWith Cknanis NetcJYdit/ 13,7Tr1 11&0151 fA).231 To￿1 dirert¢osts 69 Ajwlsrisrfsyllnts Nq&nr thr3eor~ awardsto in*ibJtiLXb iThdividua]s Total STr￿rShIp0fo￿￿iSS￿JdYjn8 in the UK I4￿5 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#lltsaKd*u*rdS￿ Ihr3etr~ Tolal SFx4￿r5hlpOE0rnaniS Studying in the UK 14975 ,x¥) 11975 nd literary grants CulturaL developtnen¢ tra]I￿nsand herilageexchan £gP) 6,4n IL Net¢redit/grants Te5peLtof (thr(hani f(￿L￿ed rx>r 13),559) ' 4979 29.166 Total Ibl 5￿PPort¢0￿ts￿>rnpTi￿.. I48￿12 iY)h29 32 Recruitment and trainIngcc￿ts Staff travel & accommodation NGG'high.flyers' Confere￿e0￿$ Other su rt Costs Totsl 5UPPOrtrt& devek)pment l&(B6 IZ851 T31 5.931 7￿18 1144591 9.79) Z618 8￿1? Phone aftd fT lines yeLated costs 3.418 4A31 2%597 The Charity was adminiSttr￿ day.tTrday by two EulPtime empknyets (yr13. two), t*itheT of Teceived ernoluments of ore than fA)IXN) pet•)rntm, togetherwith one part4irne ernpkryeeand In￿ (pJ]"d the iottdon Livtng Wagel at different periods during the year. Tr hJ"gk# pid ts*mt*r ￿ stslE ￿Er¥ed enmpluments Wits for the year kntalling £4Bm7 -￿,110). 129 ialSe£vrity costs Emp]oyee5 COtitribvtiOt) kn defined ¢ontnTrwtion P￿L￿L￿ xhemesforempl¢ryees ments made rt of Interr ILn3 5.125 141012 Ig)b29 The British Omani kniety Notes to the Financial Statements 17 For the Year Fnded 31 marth￿14 8 GOVEKNANCECOSTS Professiorol fees 3AYJ 5539 £014 46 AUd]kn￿, TEMU[￿ration revaluationfees .i(AJ 1917 No Trns*e Yereived any Yemu￿T8tK￿} or ots t￿111$ durin8 yeat (1)7J . £Nill. Cenain Trustees received eynges w*5 f2533 (YY23 . £52141. wvering four TnL5tee5 IJLI . foul TTu#eesl. in Yespttt of the re7mb¥r￿en¢ of Freehold property Canyingvalueat l April 2121 Additions inthe year iOJ805 61b57 The Pro￿rtY was last revalued as at 31 Mayth ￿13 by Mr R MRI(3. a RI(5 Re*red Valuer ofauttoTLS LLP. at on the ba￿$ of Fair Value. with the RI(5 ValuatM)n- GlolMI Standarfb issued in January FTreknid pro￿rtY 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 [￿]( 16,7621 1&4.3551 f/,617) {sQ￿2) intheytar 18551 OIAW) As a131 Marth￿14 Netr book value As at31 Match ￿24 19A91 Asat 31 March￿￿ 4k*19A94 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$ary in order ￿ provide atrneaAI hirview. 11 DE￿￿oR$ 25,157 53,704 33,7( Marketvalue of funds at l April Net Y￿e1Ved 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 the￿nd manageT 13 CREDTfoR&. AMOUNTS FALUNG DUE wmiiN ONEYEAR Grantsawarded yetkn be pa Ddertrd proFW rtntsl I￿¢￿e MÈmbÈrs' gjbxripiions paid th •dv*x VAT able 1&262 i.I¢M> zi&6 5,157 30J45 14 THEFUNDS OFTHE OIARfTY Net Atl Apnl At31 Matth in h]nd5 c￿rter￿ fund ￿￿,428 40,745 61,S5 (2LL22) Z597.IT3 I￿A28 Restrlded Endowment fund ReValuat￿n rew¥e 9m124 S,]￿%76 15,IKK)JMMI 61J67 9.933.991 5,127N6 15.tW67 61￿7 17.f* 40.741 19 Notes to the Financial Statements Forthe YearEnded 31 Mat¢h3)24 Gains(￿ Nrtmovemeol Nttmoveme in (unds Ger*ral fund fund 4Q745 61,86 (ZLW? 15 15,925 10,285 Endowment h￿d Revaluation r￿r￿e Totsl InllowA4mttlowl 6U67 4Q74S IIA89,n5) proFffj artd its subsequent Stru£￿ M￿J]fication a￿1 The Prorerty was ]a# revah*d as at 31 Marth 2Y23 and a reva￿a￿On de￿it of £IAY)XYXI ivas debited to the Tevahution reserve at that time. wlith the T[￿￿e￿5 regard as rethic￿d funds. TheTTu*ees have]itnited pmers over theuseofthe erth¥mffit tund a￿1 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￿ 4￿38,7￿3 14TI) 2&1 Debtor5 3&133 1441.7 249.017 (87, 17,&56,428 Cathat bank CTrdilor5~AJTroullts dut uryllw'l 43￿7 PO.3451 17fft7Jn 2￿￿.]7j 15Afji 15 RELATED PARTYTRANSAclloNS 16 ULTIMATE COPrniOLLING PARrY Companykn 34&ckviJ]eStTeet Lo￿jOn WIS3ED