REGISTERED COMPANY.X'UMBER.. 67(W5 REGISTERED CHARrrY NUMBER.. 1127561 The British Omani Society Report of the Trustees and Financial Statements for the Year Ended 31 March 2025
The British Omani Society Contents of the Financial Statements For the Yvar Ended 31 March 2025 Pase Company Information R4K>rt of the Trustees Independent Auditor's Report statement of Financial Activities io Balance Sheet Cash Flow 5tatemen* 12 Note5 to the Financial Statements 13-19
The British Omani Society Company Information For the Ycar Cndcd 31 March 2025 REGISTERED COMPANY NUMBER.. 6708685 REGISTERED COMPANY NUMBER 670WS (England and Wai¢s1 REGISTERED CHARITY NUMBER I127 PATRON H.M. The1an ofoman FRESIDENT H.E. The Ambawdorof theSultan&teofOmon IT(USTEES Maj-CcTh. Rl Astanfvrd CB M8E IClitriiJllartJ MT C M Brcrzt. (Vice Clttttmttv) Sheikh M H Al Ra.h1 Cvl. C, D Allen WKhMIGI. MBA Mt M C Blshop FCA IHononTry Trea{rrI MrOISBlake Mrl NG B()wd¢D CMG OBE MVO MrRKMDaud Mr S F Di¢ksot) Dr E Kendall BA MA Huns DPhil Mi$5 D H Martin M> E P M &mpson SECRETARY MTI RG Traill REGISTERED AND PRINCIPALOFFICE 345ackvilleSlreel London WIS3ED AUDITORS Azets AuditServitr¥ Limited Statutorv AudiorsaDd Chartered Acctyuntants Ashcombe Court Woolsack Wav G1[1 SUJTQY GL.7 ILQ PRINCIPAL BANKERS Barcla)'5 Bank PLC 0ChurChill Pla¢ LorKio E74 5HP SOLicrroRS Tw%%'er> & Hamlins LLP 3 Bunhill Ro. London ECIY 8YZ PROPERTY MANAGERS Clulto*$ LLP ? PL)rtman Stree Lvndon WIH6DU
The British Omani Society Report of the Trustees Fur the Year Endcd 31 M?wh 2025 REGisfÈRED COMPANY NUMBER.. 6708685 The d1CtOrS (Telerred to herein as the Tru5tees'1 of The British Ornani S(Kiety la'd)aritable company, roferred to heT¢in a$ th¢ 'Charily' or the tritty'l presont Ihcir annual rcpott with the financial SlateTllcnt of the Charity for the Year ended 31 MaTch 2025. The TnJStLYS have adopted IbE pruvisiurts uf Statemenl of Recommendvd PraEtice I')Rl'A(Contlns and Rwrlin8 by Charilie5' applicable lo charilies preparing their ¥counts in acCordarc with th¢ Financial Roportins Standard effLtt5ve I lattuary 2015 lthe.chatit15oRp 2015 (FR5 Iini,. in preparin%lhi5 annual TeFwrt and financial slaleTTnt$. STRUCTURE. GOVERNANCE AND MANAGEMENT The Charity's 8oveTThins documenl is its Articles of AsXKtalion. dat¥d 4 july 2(V13. By a Special Re8clulion pa35ed at the Annual GEneTal MEeling held on 19 Ivly 2024, the Lharity resolved to chans£ its name from Tho AftgloQmani 5oocty to ThL. British Omani &Kioty. which was T¢8iStered at Companie5 House 14 August 2024. The Charity is an EDsli¥h TegistEred compafty. limited by guarantee with no sharecapital. It 1$ aly)a togistered UK charity. The liability of thc ChaTIty'S membors is limited, such Ihht vaeh member OF the Charity PTUTnises. if the Charily l5 di%5Tr1ved while he or she is a tMber or Within twelve months after he QT she ceases to be a membcr. to contribute Such Sum (not excoodins £Jl a5 may dcmanded of him or towards the paym¢nt of tho debts and liabilities uf thL. Charlty incurred ffOr he or She reasE5 to a membcr, and the Cts, char8es and eypenw nf wihdinx-up the&xiety'. and low4rd5 adju%tmenls of the rights of the ci)ntribuloTie5 among themselves. ITr pursuance of 115 chaTilable "e(live8. the ChaTIIy is Tnanaged by a duly elocted Board of TTU5t¢os lthe'Board'l which wverns Iho ChaTity'5 aclivibQS in accordance with i15 ATticlc5 uf As9(iation. TheTrusleLEcvTOirm that they have cornplied WTih the duty in SEclion4 of Ihc Chartties, Act 2(Mkn. lo have due Tesard to the Charity Comrnis510D'5 general SuidaE on public benofit. Tho Tru5tCf5 arc responlble for manasins the rT5ks factd by the Charity and treat risk t[n>PteTht as 3 priority. Accordinsly. a Risk Sc0[rIttee of the Board carries out regular rEVleWS of the Charity's main aTea5 of Tisk. includin8 health and salety rnalter5. and approwiate policies and prarti(e5 have b¢ett implementod so as to TDinimi •ny adverse impact on the Charity arising froTD such risks. TRUSTEES. MANAGEMENf AND ThEIR INTERESTS Ttustees The TrustS at the date ol this report or who served durins the year ended 31 March 2025. togelhor with Ihcir T¢517ve Te5pon5ibililS, Wert. lajcen. Rl A StsnFoTd CB MBE (OTttirffldNJ Mr C M Brcezc (Vicg LhAimiAnl Sheikh M H Al Rawahi Col. C D All¢n M, WKhMIGI. MBA Mr M L Bishop FCA (Hoiiowry TYg.sureTI Mr O F. % Blake MT I N G BtTrwd¢rt CMG OBE MVO MrRKMDaud Mrs F Dickson Dr E Kondall BA MA Hons DPhil Ms Kl KinniDmont ITe5isDed 9 &ptembpY 20241 Mis5 D H MaTIip Ms E. P M Simpson Managing CotrwiTltee A MaThaRing Comtnit¢o¢ of TSteeS cornprisin& Maj¢rt R l A Stanlorij las ChaiTtnaDI. Mr C M BTeeze135 Vice-chairmanl. Mr M C Bishop (Honurary TrEasurerl and Mr l R G Traill l£ecfetaryl is rnsIble for over5¢ein8 tho day-ttrday managotnont of tho ioty. Day4daY thaila8Èmetttof lh¢ Charity The day-to4ay tnanagemont of the Socioty 15 carricd ovt by tho Ssxiety's Director who Tepvrt5 to the Chairn)an OT in his/heT bsence the Vico-chairman, assisted by the ComTnunicatlOn5 Manaxer. the F.venls & ProsTamtning A%sistartl. the Di%ilal arkelinR Membership Afsibtant and Interns at ccrtsin timt OF tho yoar. Following Tcgular performance reviews. the ChaiTtnan and the Vico-chairmath d¢ttTmittQ tho annual rcmuDcTatiun of key nunaRemènt FYTSI)nnel.
The Brttish Omani S(Kiety Report of the Trustees For thE Year Ended 31 MaTch 2025 REGISTERED CDMPANY NUMBER. 67(W5 TRUSTEES. MANAGEMENT AND THEIR INTERESIS toittlitued Oynisalion31 structure The I"rustees, Jll of are nonfxerulive. meel 35 a Board on a regular basis to review the 5tTalegy and peTformaDrf of the Charity. lo con51dcT gr3Dt 4ppliralion$, and to set owrhting plans and budsets. The Chairrnan, and ID his/hor ance Ihc vI- ChairmaD, in consullalioD with thg &yr¢tsry and the mana8emenl lehm is responsible for setlins the a%enda for such meetings. for managins Ihe tnepling5, and for erL5urIns that 311 mattors arising are properly considered and addTC55od. Thc Board may eloct a suknmrnitlce of TTuslcrs, ur rtiay CoPt ifdividuals with relevanl experience. lo deal with 5PEcific i55ues QT topics. Details uf thv Charity's profE5510nal advisuts are giVEn on pa8e l. Rttitement. rettuitmentand appointment of TThgtees At each artnutsl getterdl mootinB of tht, Charity. one third ol the TTUStees Tnt rvtlTe vflice The TruSts tv retirl. by rutalion hall bETr whv have bL*n lunwt in oflice since their last appointment and ar¢ Qlisible for rc-election Al the same annual general meotirtg. Due to the nature of the Charity. Truslccs arc 5eloclcd on thc ba515 of theTr expcrttrtce and knowledge of Otnaft. thcir Particular field of exwrtise and their ability to contributc lo thc wellL¥ of the Charity. To enhance the wtential pool of Trustees, the Charily I[kS resularly for new Trustee5 to enable Tt lo dEvvI()p and innovate within the existin8 programmes of work. and a150 lo devclop now prosramTnc5 OÉ work to cnhan¢c It5 impact in the cOmmutieS it 5orves. The Board has reprosontalion from," diplurnatlc. hTVVeTnrnental, educativr&AI, milltary and cummercial links to Oman as well as expertise in UK lesal. charity and accounlins Tcquircmcn15 A TTuslcc may be appoinlcd by Ihc TDcmtYTS in scDeral mLwin& or by tho Board. The numEor o( TrustLX% shall not less Ihatt thr¥e. bul i¥ nut yubJect to atty rnaximum number A Trustee may not appoini an altemale tTUSlee or anyone Iv acl his or her bchalE at mg¢tinss nf Tru5tLY5. Indvclion aDJ tT4ininsof rtew Tru8t¢p Now Trusleos aro Selected from the CUTront tnctnborship of th¢ Charity and therefore, usually already havL sort1¢ expcTitrt¢¢ and knciwlelfse of Oman. Priur lo Ihe appoinltDEnl lif a Di'w Truylev, thp LhJirrnan lor in h15 or her abSe[e ihe Vice-ChaiTtn3nl arkd thc knTetary will brief Ihf individual on.. Ihc Obiccts ol the charity, thL'IT Il'gal obligations as a'fnJSt undcT Evth UK charity and company law. Ihc contcnls of the ChaTilv's Articl ul A55vCidtiun, the roles and expertise the utheT TTVStees. the charity's i5ion making PToce55, and its QPeTating and (inancial plaits OBIECTIVES AND ACTIVITIES Objeclives and aims I'he Charity's Objeels. as sototst in its Articlos of Association. are to.. advance the education of the British public by the promotion of loarnins and a wider knowledse AUt Oman. its ryople. history. 8eo8raphy. ewnomy. literature. art, music. anliquilies. lansuasgs. cultures. relihyions. beliefs and custums by arran8in% lectures. 5cminars and meelinss. which rnJy ir opeTr lo the public,. and bv a55151TllS individua15 and Organisalions by Providing bursariL%, hOlarShI. awards, and linarhcial and lobFisti¢al Supwrt ith Older help th¢Tn Jtlain a widor knowledse aix)ul Ornan.. and adi'ance theeducation of Otnani nationalts aLK)ut the United Kingdom artd its peoplo. history. soography. Econotny. literah]re. rt. music. herita%e, the English lan%tsaRe. cultures. religions. beliefs. custom5. industrv and commorce by arran%in% lectures ttd Metin85. whiih mdy bE 17Fn lo the publii." and by assistin8 individuals and orsaniqations bv providing borsari¢s, awards. scholarship5. trainin8. appronliciships and financial and losislical support in the Unilcd Kingdorn and Oman. In lurtheTance of these aims. the Charity arTan8es a regular schedule OÉ lectUrn semitr¥ ID L()ndoTh and webinars and dcasls covcriTrs a wide varioly of subi'L'cls rclalod lo Oman which aTC reported on in the 5oriety'5 Annual Revicw. The Charity also provides rcsulJr PToatm of placink Brit15h stUdLt5 fTum a widL' ran8e backhryuunds Educatiorwl A591slan15 in Schoo15 In Ornan. and placin& Brilish students ol Arabic ID C)rnani in51ilule5 lo ImPTQVf IheiT spoken Arabic. A further PTograrnTno for Arabic laDguasc 5tudcnl placcmL'nls i5 in pla¢0 for 2025-26. In addition, thc. Charity alw ProldC5 OPPOTtunitios foromani Daliuna15 lu attend educati()[1 and uthc'r IT3inillscLiuf5es in ihv UK.
The BTltish Omani Society Report of the Trustees For the Yoar Endod 31 MaT¢h 2025 REGisfERED COMPANY NUMBER.. 6708685 OBIEcfIvES AND ACTIVITIES Obje¢tivÈs and aims colltijiucd The Board aciivolv cncourascs applications for srants and donations to fund activities. event5, re5farth, dttcation, trainin8 and publications which prumvtè the Charity's Object5. Over recenl peri(MtS 8rants and donalion5 have been made to help lund". OTr line vducalional ITainin& expEditi(ms to Oman for young Brihsh poople from diveT5C back0vAdS, cultural exchanw. rchaoolosical projcrts, conrvatiOtt and enviTonrneDlal PTujects, natural history PToiecLs and 5UPPOrt For the ptsbltcalion of bks, 8uvernance exchangL, Otnani music and audio recordin. The Charity al80 hold5 an anDvJl lUh and reaT semtnars. p(Klca5ts and wcbiDar5 topical is5uey. Through pur5uins the abt>VÈ aetivlties the &)ard con5ideTS thai it ha5 establisiwd 5uilable 3trakn%ie3 lor rneeting the Charity's Oknects. Public benefit The Trustees have paid dur Tegard to the Charity CoTDMiSSOll,s guidance on public benofLI in ¢onsid¢ring applications for scholar5hip5 and grant5 ond in the Charity'5 lectUTC PToKrarnme. The Trustees have svushi to Widen ti> the CTharity's activittes Ihroush c(x)peratiDn with OT8aniSalions working with di%advanta8ed youns pcoplc on educational exchanges and expedilions and through brin&ns Ihc Thariry'5 activities lo Ihc aitcpknon of a wider ranso ol Brili5h and C>mani wple in Britain via its Wesite. In this way and throu%h 8Tants lor pvblicat)Orts ard circulation of the S(Kiety'5 Annyal Review. the Charity works to brin8 Oman's hi%lry and culttsre to the altfntion of a broader British audienco and to iD¢rease the lirtks between the peoplesol the two With a growing [u5 on the yotttsger 8et)eralion. ACHIEVEMENTS AND PERFORMANCE Property rental During Ihc yeaT ettded 31 March 2015. Ihc Charity's freehold property ID Sackville Street. London. (the 'Property'l scnerated Tentsl iDCPTne and With ihe security ol this incoTne together with acctss lo the Tnanaged invostmonl fund. Ihe TNst(rs encouraged corttinued applicalionsduritsg the yeatr for 8Tanls in accordance with the Charity'sobjecls. New Ceneration Crowp The New Generation Group Ith¢'NTC£J is on foT8iDg clnr links betwe(YL young Otnani and y¢wig British people. The NGC artanges rneotings and PTE5Crttations in ix>th London avd MvschL addTessed by both prorniDenl young Otnani artd British speaker5. The YGG 1> a wnduit for introducins young British ople to Oman and yQUDg OtnJni5 to tho UK and these exchanges will continue lo foTm a regular part of tho NGG'S aclivitics The NGG has in previous ycary held per1(i[ eonfeTences on topical i55ues in bpth the UK artd Oman with youns pr()fe5siOnals From 1h counlTif5 alleDding. ThE las1 such conference. entitled 'AI.. Education and Workforce Dcvelopmenv, was held ovcr throe days in London in NovcmLr 2ff24 and was a8ain vory woll recoivcd. Charitable aclivjl¥ES- 8rartts aftd Yelaied &ctivitiC5 For the year under Tevi¢w expenditure on grants &Thd relatcd artiviti¢scaTh be summarised a5 follows." 2024 Spon50r5hipof UK studonls loatlcnd academTC inOrrtaTr SpoD50r5hip nfomanis Studyin8 in thc UK Con5prv3tl()n. archaeology. nhlural hi31ory, photography. literary aDd ]tscar¢h projL<ts Cultural. developmonl. trainiDsaDd hcrits8Q Luchangfs with Ornanis Grailt5 in fespeil of otherl)mani f()rud bodie5 and a5socialiory8 C05t5 of holding leCre% including Icctur¢rs' travel costs 21299 25,156 20,461 20,399 16,870 10,916 116,Iin 15.475 22.703 J3, 118.0151 9,019 Please refeT lo Ih¢Sotioty's Imyacl Roport publTekbon regardiTh8 tho charitable i]DPaCt of the hbtjve exwndiiure. The princi1 fundin8 For the Charity's STJn15 and awards is the surplus inCOtn¢ aTl5ing from the renting of Ihoso parts of tho Property not owupied by the Charity. supplcmented when required by acce55 to thc Charity's mana8ed inveStnnI fund. Thc ChaTily is thetre(ore not reliant on 5ub3criptions from members OT inlere3t to fund its activitios. alihoush sub5criptiODg rernain an irnportant element ol tCharity'S inCOm¢. ltt addition to the aknve expenditurÈ en 8rar*ts and related activities swnSQT5hips and donaliorLq from ihird partie5 totslling 7,768 12024 . £28.3841 werc received durin8 the year and applied irt full tts fund some of the &xiety's chaTitJble cveni5. Accordingly. over the year S(Kiety'S grossexpendilure on charitable aitivitiesamounted to CJTJ.86912024- Tr7,6341.
The British Omani Society Report of the Trustees or the Year Ended 31 MaTch 2025 RECISTERED COMPANY NUMBER.. 6708685 ACHIEVEMENTS AND PERFORMANCE contiryued The Oman Btltish Busine65 Council I'OBBC'I Thc OBBC. which hhs been absorbed within the &Kiety now known as the Bu5ine55 Cornjnitlee and 15 Chaired by the vicChair[an uf the Sl01Y. continued to protnote inf()Tmatiort akntst invoslment and trade appornitieS In Omaft to Brit jnvc¥tOT$ 3Td busthessos. During the year th£ Business Ctsmmittee hosted lalk5 and SgTDiTLifs fur the SLKwty's cuwrat Jnernbers fisial and lesal development in Oman And welcumed a number of new corporale rnernber5. Ihe BusinE39 CDmmiltee continued to Work vory c105ely with thc muscat-baS Omani Brit15h Fricttdship AsSuCiatit>n IOBFAI, now renamed the Omani British Sxiety. Revlu•tiOn of irtVesettt pwe It is the Truslee5' 2Dtentiun to aSS the market value of the prOrty riodiCallY and al lea51 every three years via an independent valuation Carried out by a professiottal valuer. In accordance with the Lhatity'5 accovntin8 policy in respect of fixed a55et investtncttts, the pto[ was last PTo[essTOtl1Y rcvaluvd èt£15XKK),IKN) as at 31 March 20LI represenlin8 a redurtion of £t.500.(XM> from the then tarying value of the ProFTty. rcfleclins reducfd Tental intome from a vacant floor in the Property and coDITnued pre55UTeon lotal markLt renta15. The noxt indepondcnl valuatiofi will be cayried outas al 31 March 26. Movement in ttet aJset& Th¢ Charity'3 net awts decreased over tho year by an atnourtt of £22,7tA) and stQLwJ at £17h71413 as at 31 March 202512024- £17,697,Inl. FINANCIAL REVIEW INCLUDING RESERVES POLICY A5 al 31 March 2025 Ihe Chorily'5 Te5erve lund5 WeTe £17A)74.41312024-£17.697.1731 c(unpri51ng the the Wlr(stricted gcrt¢ral and property funds of £Its,43912024- £2,635,3(knl, and the re51ricled endowmeDI fund artd Pruprtv revaltsatitsrt reserve am0ting lo ll5.068.974 12024 n5,061.8671 Ihe rEstricted vndowmenl fund Tepre5ents the fund5 advancEd by 3 dottoT whieh were applitd lo purch65C th¢ tsrtY artd pay (or its subsoquent structural Tnodific#ti¥n and fit-out. The inctease in the value of the PrOTr.rty following its revaluations in 2014 and 2017 and the 5ub5equ¢nl decTea5E5 Itt value in 2020. 2022 and 20 are also rellected in thL' endowmonl fund balan(c. The Trustee5 havc lunilcd Fowtrs Qver tho use of tho endowment fund and are r4uJred to retain it indeFinilely. They are not PeTmittEd tu cvetrt it irtto expendable income. The Trustees do thoush have unlTmited Frf)Wets io apply the unrestricted funds as they wn5ider appTOPfiate and may convert part or all OF it in to oxpondable income. A5 al 31 March 2025. the Trustees held ÉPA),{ 12ff24 f38.1331 of the unrestricted fuDd5 a¥ a 'proFErly lund,. to 117Ttn a Cuntribution towards lulure T¢furbishrneDI costs for the PTLiperty 'fhe ard monitor5 Tosularly thc 5uffIcieDCy of thi5 fund. The balanco of the Unrestrictcd fund Ith¢ 'gL4ra1 fllttd'l available lo meet the costs ol Ihc crity'S activili¢s. The Board wjll continue to review at resular inl¢rva15 the level ()f furtds Ihaf may need to be held to tneel the c03t5 Of any future rental void5 peri(dic refuTbishrncnt r4uiremonts (or tho PrOFY. An opcrahng budgÈt IOT the Lharitv is a8roed by the Board earh year. whirh PToJects the level of reserves tu be reiaineÉl athd thè funds availabl¢ li) meet the Charity's day-l(Fday adivilies. includins an allowance for tn4kins grants and aw4rd> in furth¢Tance ol the Cknrity'5 Object$. INVESTMENT POLICY The Trustees have the power Icb invest surplu4 fuDd4 a8 yff (il. Th¢ BDaTd'5 policy is to have the majotity o( its surplus fund3 IllVC5tEd by an experienced third partv charilics fund Tnanagcr QD a di¥TQtIOJthry basis, with tho balance of its ftjnds hold in low risk tnlerest karing tETm deposit5 Wlth a xyur¢ UK Élearinx bank. Charles Sianley & Co. LiTniled are the Charity's fund mana8er and twice a year report in person to the Board, enablTns TruEtEC5 to assess the wrformance of the kniety's invcstrncnts. As al 31 March 2025. the valuc ofthc Tnv¢stfd $tOLKI atQ580.23212024- [1582,211. a net decrca5e in valueof th,975, which is after drawins £100.0 in cash Ir(im the fund durrin¥ the year. AFler a5sessin8 a numbcr ol tender5 from PTOSpcclivc fund managcrs. including Charlc5 51anley, a Su1)mmIttee of tho Board has sol&-ted a new fund Tnanagcr, CCLA, who will bo taking over Ihe tnanagcmcnl of thv Charity's investment furtd durin% the current year. PLANS FOR FUTURE FERIODS Tho S(K-ioty intends lo contittljc It5 ¢Uftettt level of attivities over 226 and to maintain the SUTDS allocated to awaTd5 and nty. as it5 finaticial reyutlrcea permit. Through the B Bu5Fne5s Comrnillee the kni¢ty contiftued 115 rlo3e workins Telalion5hip with the L)marti Britishknioty and oth0r0tnan-focud UK bodics. REQUIREMENT FOR AUDrr As a result uf receivin& a dcinalioTr of sotTre £1? million in 2(X)9. lh¢ Charity was required to prepare its accounts on an attrual ba515 3$ 15 ol a size under bolh charily aDd CQTnpany law whETE Its annual accounts are rtyuired to audited. Accor<tin8ly. the Board appointed ltsaccoutdnts. Azc15 Avdil SETViCC5 Litnited, to act d5 its Auditors.
The British Omani Society Report of the Trustees For the Year En(led 31 March 2025 REGisfERED COMPANY NUfvIBER.. 6708685 STATEMENf OFTRUSTEES, RESPONSIBILrrIES The Trustoos (who aTf 1150 diie¢tor5 of the kniety IOT the purwses of company lawl aT£' Tespvn5ible for preparin8 Ihe Report ol the Trustees and the financial statettn15 in accordapce wiih applicable law and Unikd Klnsdom Acthunting Stsndards (United Kirt8dom Generally Accepted Accountin&Pr1]CQl. Company law requirES the TTiESteES to prepare financial 3t3temens for each finanrial ycar, which yve a truo and fair view of the stste of aEFairs of the Charity artd of the incon)ins rVr¢C5 application of resourc, inrluding th¢ income and expenditure. of the Charity for the yL'ar In preparin8 these fI[ncl1 statetnent5. IhÈTrusleesaTe rcquired to.. sokyt $uitsble accountin% pulicie5 artd then apply them consistently, observe the mpihud5 and PTinciples in the chariti Rp 2015 IFRS1021'. make jud%emertt5 and estimate5 that ar¢ reasonable and PTudcnt,' Sta whether applicable UK Accountin8 Standard5 have been fullowed. subject to any tDatErt41 departure5 disclo and explained in the finan¢Tal statemonts.. and prepare the firtancial staten)ent5 on IhE going ctsncern basis unless il is inappropriate to Presume that Ihe Charity will continue in its present fomi. The TTUStsYS aTe responsible lor kcppins proper accountins recoTd5 that di10$e With reasonable accurary at any hTne the IrnCIal P¢Ks11ion the Charity aDd cnAble them to ensure that Ihc linan¢ial ststements comply with thc CotDpanieS Act 2006. They are also responsible for 5afcsuaTding the a55ets of the Charity and hènce, for tskins reasortable slep5 for the prevention and detertiUEI J( fraud and other irTcsuIAriti. DISCLOSURE OF INFORMATION TO AUDITORS Tho TTUSteos havo diKu55cd with the Auditors, a5 part of the clearance and review PToce5s, the 5i8nlFant estimat and jud#ernents made by the Trustee5 In the preparation of the finanal statoments. and whclheT tho a¢¢ountirtg p)lities are apprvpriale to thocircumstsTKQs of the Charity. consistently applied artd adequately disclosed. Thi, discugsion with the AuditOTS also Cvvvred py)int5 ari5ins ITUrn the work the AuditOTS Ferliirrned durlng their audit.. and explanalioti8 weTe 8iven where the Auditors considered them nec¢55ary in order lo provide the5D With sufficient ovidonce lo give 30nable assurance that the finantial 51aterfients are frec from material misslatetnent, whetheT caused by ftaud or other irresularity yr error. In so far a5 the Triitpp* aAarp. there i5 no relevant audit informativn las definEd by 5edion 418 01 the CoTDpanies Ad 211K>l of which Ihc Charity's Auditors re unaware." and the Tiusteeg have taken all steps that they ou%ht lo have taken lo make ihem5elves aware of any relevant Audit irtformation nd to establish that the Auditors aro aware of thal information AUDITORS The TnJstQQ5 will plart a 901tl•n before the annual gL'neral meetin8 lo con(irm the rc-appoirttment OF MessTS Azets Audtt SejviS Lirnited a5 avdilvrs to the Charity. Thts repo h•5 been Prepared in accordance with Ihc special provisi15 of Part 15 of the Companies Acl relating to small companie5. ON BEHALFOFTHE BOARD Maj-GeD RI A stsnford CB MBE (ClhgiT7FTiiU) Date.. 16 July 2025
The British Omanl Society Independent AudTtDT'S Report FLTrr tho Year Ended 31 March 2025 REGISTERED COMPANY NUMBER.. 6708 IrtdependÈrtt Audltor's Report to the Membev5 of The Brtt15h Omani Society Opinio Wc havLi alTdilcd the financial statements of The Brilish Omani S(Kii'ty la 'char)table iompany. tL.ferred to kn.Tein as the'charity'i IOT the year ended 31 MaKh 2025. which iomprise the Slalern¢nt of Financial ActivitTe5. Balancv SheEt. SldteTnenl of Cash Flows. nd ntstL to the firtancial staloments. including a summary of significant a¢Conting policios. Tho financial roporting Framework that has be¢rt applied in their preparation is United Kingdotn Accuuntin¥ Stsndard5. cun)prisin8 Charitigs SORP- FRS 102 'The Financial Rewrting Standard applicable in the UK and Reyblit of Ireland, and applicable law Iunilcd Kinsdom Gcnerally Accopted Aeeounting Practice). In ouropinion the finala] slalements.. 8ive a true and fair view ol the 51alf ol th¢ Charity'5 affai[5 as at 31 March 2025 and of its incomin8 T¢UrceS and application of rcwurcos. and 115 Tr*omc ¢xpertdittsro for the voar Ihon ellded.. havp tyeen prorIY prepar¢J in accordattcv With UnitEd Kin8dom Generally Accepted Accounlins pr11(£.. arKi have becn prepared ina¢CVTdan¢t with the requirements ortho Companies Act 2(MJ6. Basls fot opkrtlo WL. conducted Qui audit in accordan with Inlernalional SlandaTds on Audilin% IUKI IISAS IUKII and applitable law. 5PQn5ibililie5 under Ih()5e Standards are further describcd in thc AudilDr's TespDn5Tbilitie5 for the audil al the finan(ial 5tstementS SL¥bon of our roport. Wo are indcpcndenl of th¢ ChaTitv ITr accordance With the ethical Teqtjiremertts that are relevant tu Our audit uf the financial slaiernents in Ihv UK. includiDA IhL' FRCS Eihical Standard, and we have fulfilled IIUT ntheT ethirjl responsibilities in accordance with IhLW requiremcnls. Wc tlifve that the audit evidenl we have obtairted L8 sufficient and appropriate to provide a basi5 for ouropinivn. CoAcluglOns lating tosoin8 concern In auditing tho linattcial stattmonts. wo havo concludod that Ihc trustoes. of the going ¢ott¢trn basi5 of a¢¢ounting ill the PTeparatlOn ol the financial statements is appropriale. Based on work we havc perfortned. we have not identilied anv rnatcrial uncertainties relatin8 to evortts or (onditions that. individually or colleclivcly. rnay cast si111c3nt duubt the chaiit3ble company's ability to continue as a 8Qjn8 concern for period of at least twelve rnonih5 frotn when thE financial statemertts aTe authorised lor i55ue. T re3pon5iblliti and the re5ptrn5ibilities of th¥ trustees Wlth rospod lo soins concern are dc5crikd in Ihc relevant scctions 01 thi5 repoTt. Other infornialion The trustkn are responsible for the other inlormation. The other information rotllPri¥L¥ th¢ lTrfvrtr1Eon includ¢d in the annual repott. other than the linancial slatemcnls and our auditor's Ttwrt thfreon. OUT opinian on tho fTnancial 5tstetnents d(Jes not cover tho other information and. oxcopl lo Ihc cxlenl olhcTWiSC cxpliciily statod in Our Tewrt, IVL. du nut C'xPlL5 anv fvTm yl assurance conclusion thereon. The other inlormation rornprises the information includd in the annual Report of the Trustees, otheT than the findiliial Staternenls dnd our audilorfs rewrt thereon. The ITl151ees are re5pon5ible lor the nther inloTttiatTon cnnlained within the annual report. Our opinion on the linaDcial statcmL'nls not coveT thL' Ot1 information and. expt to the extent otheiwise explicitly yialpd ID vur repurl. we dv not expTe55 an! lurm ol aUrance r¢mclusion thvreon. Our responsibility its lo read the othcr inforrnation attd. in doing $0. consider whothor tho othor information is malorially inconsislcnl with the financial tatetnents uf Our knowledge obtained in the course ul the audit or olherwi4e par$ to bi. ttwlcrially misstated. If id¥nliIy such material intonsistenci(s or apparonl nterial mi5slalcmen15. wc are TCqUiTed to delcrmine wheihcr this gives rise lo a mateTbal msststement in the financial stalennIS themselve5. If. based on the work WL. have PVTfvTtned, we conclude that there ts a material rntS51alement of this other informalion. we are required lo por1 that lacl. We havi. noihins lu repurt in this resard. Oplniort on othet matters prescdbed by the Companies Ad 20 In (r opinion, ba5Ed un the Wurk undertakiin in the cour? ol Ihe audit.. Ihe infornialion given in the Report of the Tru51ees for the fittattcial yL'3r fot which the financial statements aTe prePaTed i5 consislenl with Ihe financial 51aleTnrn15,' and the Report 91 the Trusts ha5 b¢en prepared in accordance with applicable le8al requirernonts.
The Brit15h Omani kniety Independent Auditor's Report Foi thp Year Ended 31 March 2025 REGISTERED COMPANY NUMBER.. 6708685 Independenl Audilor's Rep¢)rt to the MembeT$ of ThÈ Brillsh Omani So¢itty Matters on whith wt are required tts report by exceptioD In the light ol nyT knowledge and understsndin8 OF the Charity arKI it5 environttnt obtained in thecour5e of ih¢ 3udiL we have not identified material mi551atements in the Report of the TThJstfes. We havc nothitt8 to report ITi Te5pect OF the followins matiets where the Compartie5 Act 26 requiTC8 US to report to you if. in OUTopiniort-. dfquale accounting Tccord$ have not bcen knpt, or reIn5 adequate fot audtt have not been Te¢eived from brarK Dut VISTtcd by us.. or the financial stslemen15 are not in a8Teernenl with the acthunling record5 retums.. or ¢ETlain disclosure5 01 tru5tL5 remuneration spccilied by law are Dot made," or w¢ have nol receivi'd all the inFormaliun and explanations we requiTf fotour audit. or trustee5 were nol eDtitled to prepare the financial 5tstoment5 in accordance with tho small cvmpanies resime and lake dvan*a8e ol the gTnall companies, exempliOTh in preparins Ihp director5, report and fTOTD the requirement lo prepare a Stratv¥iC reporl. Responslbililies of trv4eeB As explainEd trtore fully in thc 5tat¢meftt of Tru51e£s' thponsibililies1svl out on page 61. the ITU51ffs aTe rEsponsible £oT the PTCPaTation ol the financial staternents and for being satlsfied thal thry STVÈ a true and lair view, and for such internal coDtrol as the ITU51ees determine 15 IKce553Ty to enable Ihc PT¢paratton of fLnaPCi31 stamentS that 4re fTee fr17m material mi451aletnent, whether due to fraud or error. In preparins the finanEial slaterneDl¥, the trustees are re4ppn5ible for a5se551ris the Chariry's ability lo contlTiU¢ as a %oin% concern, disc105in as applicable. matter5 related to 8oin8 coDrtrn and 4js&n8 the going concern basi5 01 acwuDting the trustees either iDlend to liquidato the chjrity Ot to cease OFEratiutiS. orhave no Teali51ic Jlten)ative bul lo do so. AuditoV5 resport61bllitries £Dr the audit of the financial &talemertlg Our vFfjeclive5 are to obtain rea50nJble tyUTance about whcther the financial statcnionts as a whole are free from material mi55talemept, whether duo to fraud or erTor, and lo issue an audilorfs report that 2ttcludEs our opinion. Reasonable a&stsrance i5 a high Icvel of assurance. t1 14 not a 8uaTanlee that an audit cenducled ITr ¥tordanco with ISA5 IUKI will always delecl a material mi55tatemenl Wn il cxislE. Misstalornenls can atise from fraud or crrur and are considered Jnaterial if, indtvidually QT in tho assrcgatc, they could reas(Mably be expected ti? influertt the economic decisions of USQT5 lakcn tho basis of those finaDci•l statements. Irre8ularitlQs, including fTaud. aro in51anccs of non-cornpliancf with laws and Tesulaliurts We desisn pr(Kedure5 Tll ITnE Wlth our Tesponsibilsties. Outlined aiK)ve, to deteci material mi¥4latemErtts in rcspLrl of IeIritIeS. including fTaud. The syxyific proredures for thi5 en8a8ement and the extent lo which IhE5e are capable of dcterting irresularitie5, includin8 fraod is detailed Based ollr undeT51anding of the Charity. we idftitified that the principal n5k of nc)n-complian(e M'Tih laws and relatIons Telatsd to breaches of hLpalih safely employec IJw5 and re%Ltla150D5. Wc also obtained an undL'TStandin% ol the legal and re%ulalory frarnoworks that the company operate5 in, foEusin8 on those Ihai had a direct efl¢cl on tnaterial fi8ures and discIur irt the financial slatemEnts, Ihe main rosulatlQnS Lonsidered in this Context Includ tho Companies Act 2W6 ChaTilies Ad 2011. as well as Ihp CTharity RP. We evaluated the incentivE and opporlunities for fTaud irt the financial &latoment5. includ& but not limited to. the Tl5k of OV¢Tride of controls. and designed prLKodures ID Tcsponse to thesc risks as follows." eryuirJn8 01 managorn¢nt eonternins actual and p)tential lilisation artd claims. pcrfonninR analytical PTvcedures lo ideDtify any OT unexpetted relationships that may irtdicato risk5 of material rn155tatement due lo fTaUd, tlIft8 the appT<?priatenE5S of journal enlT1¢5 and thlher adju51menls,' assessin8 wheth¢T thejudsements made itt makin8 arcouDlin8 estimates are indi£aliveoFa PDtential bias. and.. evalualins the busine$5 rationale ol any signiFicant tran5actiunS that are unusual ¢)r£)utSide the nornial course ol bu5ln¢55. We a150 commUnltatLryI relevanl identified laws and regulations and potential fraud Tisks to all ongasemenl trarn members, and remained alcrt lo any indications of fraud or non-cornpliance with lawsand resulatiun% throu8huul the audTt.
The British Omani Society
Independent Auditor's Report
For tho Year Ended 31 March 2025
REGlSfERED COMPANY NUMBER.. 67(W5
Independent Audito$ Report to the Me]llbS of The Bri*igh Society coiiltnued
Auditor's responsibilities for the audit of the floand•l 9fratements conliniifd
BetaU5e of the inherent limitations of an audit, there 15 3 T15k that we will not dclcrt all iTTesularitifs, iD¢ludin8 thtsc Icjdirtg toa
material msstatoment in the financial 5takimL'nts yr ntsn-compliance with regulation. Thi5 Tisk ittLrease¥ the tnvre that
cumpliance with a law or regulalivD is remuved frurn the events and transactiorn Teflfcted in the finarttial Statements. as we Will
be less likely to knome aware of instar¥ of rt0tt
The British Omani Society (Regi5teTed Company Number.. 67086851 Statement of Financial Activities lincoTporating the Income and Expenditure Account) For the Year Ended.31 Mar¢h 2025 io Restricted endowment fundg Vnr¢AtriCted funds 2024 Notss Total Total INCOME AND ENDOWMENTS FROM Donations and lesacies Charitable activities Income from inv£stsnents (Mher income 16.645 8,212 332,015 37,143 16,645 8.212 L015 37.143 11707 7,567 306,5 129,764 Total 394.015 394,015 456,9 EXPENDITURE ON Raising fund5 Charitablc arhvitiQS Governance((1 (lo31) 1443,717) 115,2221 110,8311 1443,nn 115,2221 125.399) 1468.0841 Total 1469,Tml 1469.770) I33 L055 on Eld asset fftvestments Gains on current assot investtnents 12 51 52.995 91385 NEf INCOMFIIEXPENDrruiiEI 7fA)I 1217fA>I 40,745 Olher re¢osni8ed g*iDsAlo$sesl NEf MOVEMENT IN FUNDS 147fA)I 1217601 40,745 RECONCIUATION OF FUNDS 'rolal funds brDuEhl forward MovEtnÈnt between funds in the FfTied 14 14 2,&35,306 17,107> 15,061.867 7,107 17.697.173 17,656,4 TOTAL FUNDS CARRIED FORWARD 14 2,605,439 15,1kn8,974 17fi74,413 17.697.173 ThE Charity has M recogni5ed 8ain5/losses otr thaTh th05c iH¢ludcd in tho results aknvo and therefore separaie statotThÈnt or total recogniscd Salt/155 has been Presented. The accvtnpanyin8 notes on pases 13 10 19 form an integral part of those fi111 slatemeilts.
The British Omani Society Balance Sheet (Resistered Companv Number.. 6708&851 For Ihc Year Endfil 31 March 20J? Restricted tndowftttrtt funds Uttrtstricled futbds 2024 TLTrtal Nutes Total FIXED ASSETS Investtnents ible a%set TOTAL FIXED ASSETS 10.44Y,4P 4.619.494 IS,.974 10.449.480 4kn26.750 15,076,230 10.442.373 4.634.214 15.076.597 Tan 7,256 7256 CURRENT ASSErs Deblcir% Investn- mana%ed iDvislrngDI fund Cash al bank anJ in hand 11 25,157 2.5¥2,207 43.567 16X).931 12 25¥U.232 47.392 258,564 2h58.564 CREDITORS Ajnovnts lalliD¥ duLh Within one yLhar 13 160,A811 160.kl1 IX),3451 NE[ CURKENT ASSETS 1598,183 2598,183 2.6X).586 TOTAL A55ETS LESS CURRENT LIAI%ILITIE5 2J>5,439 15,(kn8,974 17,674,413 17,697,173 CREDITORS Amounts falling duo aftcrone yoar NET ASSETS 1605A39 1S.fKO.974 17ffi74A13 17.697,IT3 THE FUNDS OFTHE CHARITY U#rtstsicled funds 14 2,525,439 2.539 80,IKN) 1605,439 2,597,ITJ 38.133 1635x16 l¥oport fund 14 2,605,439 Resthc¢ed funds Endowment fund RcvaluatiuD rLscrvL' 14 14 9.941.098 5.127.87 Is,,974 9.941.tB8 5.1q7.876 15,fM.974 9.53.31 5.127.876 15.061.867 TOTAL CHARITY FUNDS 14 1605,439 IS.,974 17fv74A13 17,697.173 ThLJ htcompanying niyles on Pa8 13 lu 19 furm an inl¥8ral part i)f these linancial 51alemgnl5. Th¢ financial statoments havo proparod in acCOrdat with the swcial provi52ons of Part 15 of thi LompartlL'S Act 2(K16 Telatinhk to 5tnall ihdritable companie5 anLI ihe pribVIsiLmS of Slbtement vf Ri0mmended Practice'AccuuntinK and RepLSrtinby by Lharities. applicable lo charitiiSS preparins Ihcir accounts in accordAncc with IhL Financial l<eporlins Standard leffttive I january 2fft91. The financial stalemenls on pa8e8 10 to 19 were approved by the BoJTd 16 luly 2025 aDJ jiycd on it5 behalf by.. Maj£cn R l A Sljnlord hqBE (Clirtirmttiij Dale.. 16 July 2025
The British Omani Society Cash Flow Statement (Registered Company NUMir. 6708&851 12 For thcYcaT Endixl 31 March 2025 Re¥lvlcted endowment fund$ UnMtrtcied fund$ 202% 2024 Total Totral INCOME Net movement in fund5 dutit)8 the yvr Le55 iDvestment iftcome Add back depreciation char¥ed In the year IlncrEal/decrease in inve5tmeni fund value in the year Detrcase in debtor5 Ilncrgal/decrease ith Creditors due within oneyear I217) 1385,QlO) 7.762 1,975 15,7831 30m6 1217t4)1 .moi 7,762 40.745 1199.2901 7.617 1140.9)71 8.547 156.857) 15,7831 30.036 NETCASH ABSORBED BY OPERATING ACT]vmES 1373,7801 1373.7801 1539.7451 CASH FLOW5 FROM INVESTING AcllviTIES Add back investTnent in¢on Additions lo fixcd assets io 12981 385.010 J99J) P,1281 17,1071 NET CASH PROVIDED BY INVESTING ACTIVITIES 384.n2 17.107) ,162 Reconciliation of ¢ash flow (Drease1/iCrE inca5h iTh thevear 10,932 17.lon 1143.5831 Movement bEtween fund$ 17,1071 7,107 161,867J Cash balance5 at start of the year 43.567 43.567 249,017 CASH BALANCES AT END OFTHE YEAR 47.392 47,392 43.567 The accompanvlns nolosun Pa 13 to 19 forrn an inte8ro1 part of Ihc¥o finasKiJl Statements.
The British Omant Society {Registered Company NumiEr'. 67086851 Notes to the Financial Statements 13 For the YeaT enJ¢d 31 MaTch 2025 I ACCOUNTING POLICIES With cllocl from 14 A¥t 2023, the tme of the Charity was chanse(l érotn The. Anhlv-otnarti Suciety lu The British Othani 5(Kiety. The Charilv 15 a )MpanY ITrnIttxl by Warant and incorporated in England and W4le5 and its registered oflice 15 t out on page l. The nature of th¢ Chattty's yration5 is sol out in the Rewrt of th£ TTusIcr5. Bas18 of preparatlon The financial slalcmcnt¥ the chaTltable company, which is a public benefit enlily under FRS 101 have EEen prered TP accoTdance with the ChaTltit5 Rp (FI 1021'Accttuntill8 and Roporting by CharitiC5". statement of kccntnmendtd PTaebce pplirable to charities prÉ'parirtg theiraccounts in accordance with the Fin&[Kl Reportinsndard applicable in the UK and Republic of Ireland IFRS1021 IEF(ecive I January 20191.. FinaDrial Reportins Standard 102'The Financial Reporting Standard apPIable in the UK and Republic of Irejand. and the Cornpanie5 Act 2006. Tho flttancial statoment9 havo been prL'pared der the hIsriCal convenlion. Goingconcer The Trubtees Tematn confident thal the kniety has suffirient [undn8 aT re)urces in place to remain as a goins concern For tho foreOable future and continu¢ WTth its charitable aetivities. All incoming TeTc¢S arc iocludvd gross of any related expenditure in the Ststernent of Financial Activities when the Charity is lesally enliiled to the iTKQmE and the amount can be quanltfied with reasonable accuracy. ItKQTnf from dorlI0n5 Is Included in inC()mins resoufLS when it is receivable. excopl whcn donor5 9FCIfY that donations IDUSt u%d irt future actounting roriods. in which case the income is dcfcrT¢d until Ih(be period$ When donots swify Ihdt donaliuTr5 are to be applied fur reslricleil PUTwses. which do n(it to prenditIoTis atrding entitlement, thi5 income is lrtcluded in incomin8 resourccs when rcccivable. bul J5 re51TlCtcd furtds. Momknship foe5, invL%tmenl income and other incotDC is a¢¢ounid fi)T on an accrllais basis. Where it is not praciicable to identify invesimenl maDa%ement C(15 inrurrea K'iihin a with reawnable accuracy. the investmEnl incomv 15 rep)rted not of these costs. It Is included when the aThouDtcan tncaEvred lIablY. R¢8Our¢e&expertded ExFendilutv. includin8 the award or sranl¥, is a(unted for on an actTuals ba51s and has bLn clas4ilied under headings that agsregale all cos15 to the category. Grants Yble lo third partics are within tho charitable objectiVL. Where unconditional nts arc oftcred, the¥e are aEcTud d5 as the tecipient j5 notified ol the 8ranl. as this Kives rise lo a reasunable expv(talion that the fetipieTht will receive the grants. Where sranls aro conditional Telaling to PCT(ortnance. then the grant is only atcruLYt whett atty unfulfilled conditions are outsideof control of the Chatity. Cost of generating funds Cost5 018enoratin8 fndS reprosenl the cost5 rolaling to fuDd-T6i$inscvcnts yrgantsed by the Charity. Charitableactivitie Ixpenditure on chariLible aclivilie5 in the PUT5UallC¢ of the Charit!'E ObFCts is categorised in note 7 a5 Telating to eithEr the promotion of Oman, QT grant5 and awards. SuppoTt ¢0sts irtcurTed are alILated equally between these cate8Uties, and PTpperty cost5 are all(Kated WhIlY tD thE pfomohonof Ornan. Governance costs These comp¥t5e the c05t5 of cornpliare wilh conslitulional and statutory requ1Ments. Fixed iDvesFJn¢nts Fixed asget invesimenls Tepresenl assets held for thv I(8-t¢rrn with the aim of proVIdirts ihe Charity with a continuin nolit in the lorm of income and capital aPpritIon. AdditiOnE rePsertt the cost of improvemonts made in the period. Fixed as4cI inve5ttncDt5 are hcld in th¢ balanrc sheet at theii fair value, or at the Trustees, E*st estimate of fair value. Al chanse5 ID the Yalue of fixed avt 1nve5trnent iti the year, whelher or not realld. arc rcwrtcd as 8atrLS or losses on jnvcst[[)¢s5cS, irt the Stattm¢nt Fithancial Aettvities. Fixed a%sel investments are revalued annually. WLth the exception of investrrrnt ProTty, which ig Tevhlued at Ica51 every thTCt years. Investmonl prorty is nol dOprLla1Od and ropre5ents fTeehold prop¢Tty, which 15 hcld by the Charity for its iv[nend invesknent potential and which is predominantly let lo Ihird parties.
The British Omant kniety (Rwstered Company NumiEr: 6708685) Note5 to the Financial Statements For the Year Ended 31 March 2025 14 I ACCOUNTING POLICIES conttmued Fixed aB8ets- than investmtht$ Fix¢d assots other than investments compri&e,. freehold property. computer e4uiprnenl and fixtures and fitknngs rolalins lo that part of the inve4trnent propèrty CUpied by the Chatity and which wcro acquirod aftor thc purchase and full fit-out of the investment PTQFrty. 'fhLJseassels. othcT than freehold propeTty, are ing fully depreciated on a 5trai8ht line basis over period between thre¢ and ei8ht yeaTS. corDtn2nring in Ihe month of PUTcha5e, or on bringin8 ill to u. Mamged invejlment fuDd Funds held by third parry profossional ful manaser5 ona dis¢retionary basis are shown in the balan sheet al rtiaTket va14Je at the year end, based on valuations pr()VTded by the fund manaser, le&% any accrucd fce5. The Incroaseldrease in the valtte of the fuDd5 Urtder manasemcnl 18 reflected as a combinativn of net investment ITNe/lUs9 and saIrlI055e On CurrentaOI invcskn¢nts in the year jn IheStatÈment of FinatKknil Actlvities. Fund xroutttitts Unrestricted lunds can bo used in acCOrdaT With the Charity'5 oty"ett at the discretion of IheTrustES. Rostricled fund5 Ca only bp used fuT Particiilar restrickd PUTPP%ES within Ihc Objec15 Df the Charity. Ilestriclivrts arise whon 5CIficd by t donor or whcD fund5 are raLd for Particular restrictod puwsts There are three rate ftsnds wilhin the Charity,. Ibe Staternenl of Financial Activities for these fttnds areconlaingd ID th¢5E fifiaL31 slatcmfnts. The funds held werc as lollow5". Cneral Pr()F EndowmeTrt omprisinx unTestricled assets les% li)bilitiES. eFfectively'frec reryt5,. established lo meet future property refurbishment cos15,' and sins d0Ttion 10 tho Charity for the purchase of and modification t4> thÈ inve5tmeTht property, adjusted lo rnatch aThy revaluatiop of the investment Property. Taxatlon The Charity is exempt payins Corp)ration Tax on its Chatitablo activitie5. The Charity'5 aclivilies are thovgh svbFd lo VAT and the Charity js regL51er£d for VAT. Debh)Th nd ¢tedltors receivablclpayablÈ within one year Debtots and Creditu with no staled ints'TeSt ra* and rEceivable OT payable within one year arc corded at the transaction price. Any losses ori51Dg froTn impairmonl aTC Tccognisod in exponditurc. 2 DONATtONS AND LEGACIES 2024 Unrestricted fvttds MeMlr5bTrP fee5- eorp)rate Membcr5hip ftes- privalc DonalioDs 5.775 6.927 11(L87 16,645 12.707 3 CHARrrABLE ACTIVITIES S(KiL'ty's Annual l.unch and t)thÈT events Inve51Tnpnt prtsrerty TIYOM hTT¢ fcfs Adv¢ttisin% income frvTD thè kniety's Annual Review publlcalion Sale uf &xti' tiesand books 4.958 5,179 650 295 8212 354 1,05) 7.567 4 INCOME FROM INVESTMETr¥rs Rental Irn frotn lettin% of tnvestmenl PToperty Net income froTD tnaThaged iThve4tmeril fund 1C note 121 Interest received Exchan Ins in the vear 285231 45.CN) 1.729 252,411 48,122 6372 332,015
The British Omani Society (Registered Company Number.. 6708) Notes to the Financial Statements 15 For Ihc YcaT Endcd 31 MaTch 2025 5 OTHER INCOME 2024 Fecs rhaTscd foT Ptoviding m-1 Arabic language COLtrses Itcrtninated in the yeatl InsuTaOCC ¢laim prtteeds less repairs expenditure SwnsoTship ol NGG conferencL 1979 2,2( 31,959 37.143 14.05) 93,N7 16,667 129,764 6 EXPENDITURE ON RAISING FUNDS Costs ofholdins the kniety'5 Annual Lunch and vther kniety events cl15 of providips on-line Arabic lanKua¥e (terminated in the year) Purchase of &Ki¢ty tivs and LK)uks' fJT resale 731 11.126 5.427 10,831 7 FXPENDITURE ON CHARtTABLE ACTIVITIES (bl Property Costs Total Total Dircctco$t Support costs UmstrIcted funds Promotion ofoman Grants and awards 10.916 105.185 116,1(ry 97.iX14 97.(XH 194. 133,608 241,528 202,189 443.n7 310,&38 157.446 133.608 An analysisof diTccI co$1$, supporteostsard property mana8ement costs ts siven below.. 2ff24 al Direct costs comprise.. Proilli71iott of OpnapT Cost5 olholdin lecture5 itKludin IEctUT¥]y' travel & entertairtin 10.916 10.916 9J)19 9J>19 Grnn15AndAwurds- Swnsorship of UK studtn15 loattcnd academic Courses inoman STrlTShiP ofQmani$ studyirtg irt the UK Conservation, archaeolo8y, natural history. pholo%raphy. literary and research atS Ctslhjral, development, traininsand heritage exchanses WTth Otnanis Grants in res ect of olheromani focused bodios and a55(KiatioD5 22,299 25.156 20.461 20,399 16070 105.185 15,475 703 13,7 118,0151 Total direct COStS 116,101 69,2 AllAlysts oJgrnnts mgdein IltfyeqT- Grants and wards to irtstitulions Grants and awards to Indivsduals Total Spvn5OT5hip of UK student8 to attend aeademsCCOurse5 inoman Swn5OT8hip o(Omani5 Stttdying in the UK Cvn4ervatiun. a]rhaeolo8y. rtatilral history. phutO8raphy & literary srants Cultural. development. trainin8and herila8eexchan8cs with (hnanis Crants in Tes l of other Omani Iocuscd bodics and assoriations 29) 10.156 299 25,156 20A61 20399 16.870 105,185 15,1 20A61 li.1 16.870 63.562 9.l&q 41.623
The British Omani S(Kiety (Resi5teTed Company NumlEr.' 67086851 Notes to the Financial Statements 16 For the Yyar Ended 31 March 2025 7 EXPENDITURE ON CHARITABLE AcfIviTIES ¢tsyttriptued lal Direttr t¢t5 comprise cpjttiuued Jry.qlilHbpAoI rocipieKts ofGrqJit5 #nd IhtyCQT- Oman based British basod traittIn8 (h8anisalioDs Other insiitutions 0rgani5atii)n5 Sponsorship ofOmani5 StudyiDS in the UK ConYTvatiort. aTchaeolo£y, natural his10ry. photosraphy, and literary RTantS Cultural. develuprnent. trainin%and herilaKe exchanse5 with Omartis Grants in respect of oiheTOmani focused b(Kiiesand ssocialions 15,IlJ) 15.IMK) 20A61 10,461 io,(Mio 7,0 16070 29,712 17.fMX) 16,850 63.562 Total Total 224 (bl Support COslscompri5t'. Manaser5, 51afl, aRency slafl and intern tltS Isee staff c0515 anhlysis lOw) ReCruitmnt and ITainin%co%ls Annual Review. newsleltiys, printifig, postage and stationery Staff travel & accommodation NGG confernjnce Costs Other su rt ci)Sts Total support C0919 155,946 148Jll2 4A56 11.692 1438 10,140 1.582 24,637 1,703 194fftJ8 194.430 1¢) Property co8t& fQmPTI5e". 782 48.640 7JX) 16.627 8.437 16,277 11.754 7.762 912 731 .279 7,5 16,036 5haTC of sorvice chaTSe5 and PToperty in5uraTKe Managin8a8enlS fee5 Bu5TnQSS raS Wcb-sito and ITsuppoTI & development Itretoverablo VATVD thekniety's adivities written-olf Prwrty markclins3nd costs rolalod tv nvw IEaS Depreciation ol lixed a5sets- other ihan fixed asset investmen15 RopaiT5 and mairttenance Phonoand IT lines T¢.latcd Cobts Totsl propety manaBement rDsts ,731 5,931 7,618 3,405 6,136 8,781 133J or 3.418 21M.404 The Charity adminieTed day-lfrday by two full-timo employec512024- two). neither ol whum receTVLxI emoluments OF tt)ore than £(Q.(KKI pcr anrtum, toKeihor with twu part-iime employve and Interns (paid the LoDdon Livin8 Wage) at diflorcnt ifiods durin8 the year The hi6hest paid tneTnbÈr of staff rcceived emolurnenls and benefit5 for the year totalling £56.133 121)24. £48B97). Total staff co$t Ilncluded within Ibl $uppovt tOSts above) cotnPri5e.' 24 &laTie5 and nU%5 SLKial SLYUTity (t er's contribution to definod contribution 137.098 129WO 13,(K)7 5.125 148.012 n5ion schcTDe5 for em ees 4,949 155.946
The British Omani Society (Resislered Company Number.. 67(k86851 Notes to the Financial Statements For ihE Yedr IndL.J 31 Mar(h 2025 17 8 GOVERNANCE COSTS 2025 J)24 Trusti$. roimbursod travel and a((ornmiJdatlLIll LXPCt15C5 ProfL'ssTonal fots 1,795 2,551 5.723 5,150 15,222 3.4 InsurancL' prcrniums Audilors. remunL'ralion 15,IlX Nu Trustee received any remuneTalion OT other beDvfit5 durinb the yedr 12024 . £Nill. Certain Tru5t¥es TeiviVI ri'imbur5emenl li>r their oui of pLKkel' expenses relatin% directl! lo the Charity. The assTcsate arnount of zyimbursed L'xpensLiS was £46212024- Q.5331. covorins ono Truslcc12024- Éuur Trusti.5}. in TPLt ol the rL'imbutsLimont ol expiJnditUTC Ibn.. lecturer entertainin Iravpl. 4u&-i%lL'nce. P(lav, %ifis and purtha4t' vl smbll g(TrLMls for the Prvpl.y. 9 AXED ASSETS- INVESTMENTS FTeehvld prupvriy Investment PToperty Carryins valuc al 1 April 2024 Addition5 In Ihc ycar CarryiThg value as al 31 Marth 2025 10,442J 7.1 10.449.480 Fixod asset IRvc51ments trprosenl IhL' ChJrity'5 Ircchold pTOrTtY irt LLhntral Lot)don Ithe'PropeTty'l which was pUrcha,d in 2(KW and is rKorJixl 0% an inve%ltn('nl prvp¢rty. Thc. Trust¢¢s co1er the pr0.rty as priTnaril}' lu pwvid¢ an itKvJn£' 51TCOtn and ItTrVf51rncnt Tc'tum foT the Lharity Jnd a(¢yrdingly. rL'gard the Pro)rtY prodomjnantl). as art irtvostmont assot. A prupurlion of thp PrvpL'rty is uccupivÉt bv ihL. ChaTlty and based vil that propurtivn, parl ol thè investmèrtt valuè uf tho ProFErly Iva5 rccla5$1fied in a prjor pcriod a> Ircchold pr(iperty Within Fixed Ats- Other than Inv(sttnents1sEe npte 101. Thc PTopcrty W475 last Tcvalucd J5 at 31 March Y023 bv Mr 11 Mogs MRIC5. a RICS RL'%1StLrOd Vciluer of Cluttorts LLIJ 5,IKK),O On tho basls of Fair Value. in accordar*ce wilh IhL, RICS Valuation C-,Ivbal SlanJarJ4 issued in lanuaTV 2022. includin5 thE UK National Supplement. for valtsations for inclusion in Financial ¥lalemcntS. 10 FIXED ASSEfs- OTHER THAN INVFSTMENf5 reehold PTVPL'Tty CoTnpuler equipment Fixlurcs & Total As at l April 2024 Additions In thL' As al 31 March 202> 4.679,494 I15 51787 4.685,186 4.619.494 13.203 52,787 4M5.484 Depreciation As al l April 2024 D¢'pr¢yiali{In charxed in th¢. yiaT As at 31 Mdrch 2025 111.0501 18231 111.8731 139,9221 1&.gJg1 146,8&11 1.50.9721 17.7621 158,7J41 Net boDk value As Ot 31 March 2025 4,619,494 5,926 4.626,750 As ai 31 Marih 2024 4.619.494 12.8kn5 4.634.214
The British Omani Society (Registered Company NumEEr.. 6708685) Notes to the Financial Statements For theyear Endwl 31 March 2025 18 io FIXED ASSETS- OTHER THAN INVEsTmETr con11Ed Nu depreciatioil 15 provided in re5PCCt of the Property iChse the Trustees considw th3t the hiBh residual value of th PropcTty, togcther with the fad that thE Property 15 m3iDlained to a hish slandard. rnpanti ihat il is not appropriate to rhaf8e depTeciatitrn Althou8h n0p-depTlaI10n of this asscl is Dot in accordance with the CompanJÉ% Act 2W6. the Trusti'É'5 lieve that thi5 deTtre is nocL55ary ID vrdcr to provido a truc a] fair view. 11 DEBTORS 2024 Prepayments and actrued incorne OtheT Jebtur5- NGG confeTence dottation 13.440 17. 30,%0 25.157 25.157 12 INVESTMENTS- MANAGED INVESTMENf FUND Markrt valueof fundsat l ApTiI Not income Trceived in the year(5 rKJte41 Increase in IhL. fund value in Ihf year Cash withdTawn in the 'eaT Marktl value of furtd a$ at 31 March 2,582,207 45,030 52,9 Iifft).owi 25M).232 1441.7 48.122 92,385 2582,207 This lund 15 invesied on a discretionary basis and the TTU5tees rereive re8ular IiDanri61 rEpDrts and lace lo lacc pretatiOnS Irvm thE Ivnd manaseTS. 13 CREDITORS: AMOUTrm FALLING DUEwrrHIN ONEYEAR 2024 Atcrued eXF5 Grantsawarded yet to paid MernboTS' 5ub5criptions paid in advance 7,153 9.095 16262 1,1 3388 30.345 1,612 7,831 60,381 VAT ablc 14 THE FUNDS OF THE CHARITY Net Al l Apnl 2024 moveiyient in furtds At 31 r¢b Unreslritltd hxnds General fund fund IYi,n41 41.7 ?g,A6n 2525.439 2,605A39 Re8trittred funds Endowment (und Rcvaluatiort resorve 7.107 9.941.( 5.127fi76 15,068.974 5.127,1176 IS.].1167 7.107 Total funds held by the Chavity 17,697,173 1217601 17,674,413
The Britlsh Omani &Kiety IRegi5tvred Company Number. 67086851 Notes to the Financial Statements For the Year Énded 31 MaTch 19 14 THE FUNDS OFTHE CHARITY colillNtd The rtetmrtvement In futtds was as follows.. 2025 2W24 IncomIng tewurte$ Re50ur¢e$ expended G¥ins on Movemont Net movejllent investments between lunds in fundg in fuThds UtyTestrkted furtds General fund Pro fund 394.015 1469.7701 5Lg)5 148.9741 41,867 .107) (71.n41 41.Pkn7 12916 40.745 161.8 121.1221 394,015 1469.770) 5145 Restrlcted hnds EndOWnt fund Kevalualion rc5f rve Tolal inflow/{00WI 7,11)7 7,107 61,867 39£015 1469.Tm) 51995 1¥76 40.745 Tho reslriclod cndowmcnl fund Telales to funds adv4nced by a donuT and applied to the purcha5c of the freehold invcslmeDt Property and its subquent structyial mvdificat2un attd fit-out. The Property was la51 revalued as at 31 Mah 20 a¥O a revalualion delicil of £l,sX), debiid lo the Tevaluatitsn rerve at that time, which the Trustees Tegard a5 restriclEd fund5. The TTU$tL*S have limitod powers over the use of the ondowment fund and are required to rotain It indefinitely. They re not to runvert any part ithto expendable tncome. The TTVStee5 do thDugh have unlimited power5 to apply tho unro5triclod funds a5 they considor appropriate. It is the TruStL. intention lo inctease this fund PerilclIY in Order Iv accutnulale %uffici¢nt funds to wver future refuTbi5hmenls of the PrurtY in due course. Al the year end the Trustees held 130.0{2(r24- Ql8.1&1l ol Ihe unrestricted fund as a proFrty fund tociwer fure costs reiatingto the ProTty. The assets and liabilitie5 ofeach fund are allocated as follows.. Genoral fund Properly fund Restricted lund5 2024 Totsl funds Total funds Fixed asset investtnents Fixed asset uiherthan investments DebtL)r5 Investmen15- manasod investmenl lund Cash at bank CTcditors- QmL)ttnt% duewi11ii onewr Nel assetg 10,449,480 4h19,494 IDM9A 4.626.79J 30.910 2,580.232 47.392 160.3YII 17.674A13 10.442.37J 4.634.214 25.157 2.582.207 43,567 130,3451 17.697.1 I,232 47.392 I60.-Il 1525A39 15,W,974 IS RELATED PARTY TRANSACTIONS The Trustees confirm ihal there are no related party transactions rEquirIngdi1osurc In the financial stalemenly. 16 ULTIMATE CONTROLLING PARTY The Charity is controllod by itsTrust&%. Copies of Ihc linanci¥l 5tat¢mentsat¢avaiiable from." Company Telry Tho British Omanl Sodety Sackvillo Strert L&)ndon WIS JED