The Garden Tomb (Jerusalem) Association (A c(ryany limitgj by guarantee) Year eThJed". 31 De(thr 2021 Charity no.. 1144197 Cc¥np8ry number 7591911 2018 Lrmited IStsbJW Auditors) 3 Wey C(yJi Mary Ro•J Guil(1rcd SuTTey GU14QU
The Garden Tomb (J•rusalem) Association Corrt•nts Report of Ihe Ttustees 24 Report of ts IndeFendent Auditry5 &7 Statement of FinwKial Actsvibes Balar Sheet 10 Notss forming part oflhe Financ4al Stateme 11-16
Trusta0¥ and Councu Memb8rn: Revd. P C Weaver (Fetired as Chainnan on 13 July 2022) P Keeys (appK4nt8J as Chairman 13 Juty 2022) E Aldridge S D lfjng {gned 26 Selknber 2020 and rwwnt8J on 18 January 2022} Ms. A LaiThJ PWM KJRyan MFS F T Saunderson B G Str&ther (reGvJn&l 13 Juty 2022) Company Secrelary P R V (Trthsurer) Jerusalem Dlrector. S Brge Charlty Number. 1144197 Company Number. 7591911 Ch•rty Offic•: PO Box 19462 Israel 91193 and SollcltoTr: 65 Le•Jenhall Stre8t EC34 2AD UK Corre8pondence Addyess: rjo C Bxon A J Benneith & Co 3 cr1( Mary Roal Guildfd GU14QU Bankw8: Bwclays Bank P 11AQ 3 Wey c1[ Mary Ro•J Guild Surrey GU14QU Investment managers: Bord & C (UK) PLC 22 lfjng Street st JeS'S London SW1Y 6QY
The Gavden Tomb lknlem) As80clatlon e Dirnctornrr •nded 31 Decem The T. wFbJ are also Dire(knrs of the Charity for the wrpo88s cl ts cnpanIeS Act 2rx6, present their rerL)rt along wf(h the financial staterrts of the Charity for the year ended 31 Dnber 2021. The Ccthpany is limited by Guarantee and also a registertsd Charity. The Trustees have adop1 ts pro¥isiw of Accxwntiro and Rep)rting by Charities.. Statement of Recommended Practice applicable to dreS preparing th4r &(xMJnts in accordan with tha Financial ReFtiling Standard in th8 UK a1 Republic d IrelwKI {FRS 102} {effectNe 1 January 2015}. The Trustees have had regard to the guwJan¢e publi¢ terft wlIStied ty the Chty CiJmmi8sion in exercisirwJ their [er8 or dut. What Is The Garden Tomb? Sints 1894. the Garden Tomb. in J8rusi. h&8 teen maintaingj ty The Garden Tc4nb (Jerus8lgn) Association. UK Charitable TrusL as a ple of Christian rth1p. withess to arnl reftedKJn ofthe lÉfe. death and wurrecIh of Jesus the Messiah. Whilst many tele this to be the garden and tomb in whKh Jesus of Nazareth was buried after his crucÉfixion arKI frorn where he was raised fr¢ the de&J, we do ncrt kn(yw this for certain. However. e committed to presemng the sile as a plxe wthere can refleLt ffi the Messiah's sxTif a1 victh se8n in His death aNJ resurrection, with the buty cl the garf beirwJ a Ferful visual remirvjw rfthe8e evenis. Constftutlon The Garden Tomb {Jerusalwnl AssLxiion was WKI rwJister8J ith Charity Ccthmi8SKm in 2011 arKI commenwj tring on 1st January, 2013 having tsken over business. assds and underta(ing of an unincorporated regi8tergJ charty Inurrer 1CK)4(E2). of thg same name. Th8 Trust&9 transfer1 the busines8. assets and undertaking of the previous Charity into this ChaTty to mainlan the opat d The Garden Tcfflb in Iwe with Gurrent Charity govemance and legislation. Both Charities have the same 0ve$. OurAAn To dlaTe the m8swe of Jesus Chri$ death and surred)n to everyone who the garden arKI to proclaim the victory of His Sacrifi in Lwiing the vray for all people to receive ene$S aiKI rOrlIk?on vth God the Father. To this eThJ, The Garden Tomb is Maintain as a Wrtne and VIh1p, the teauty of the garden and th8 integrity olthe message wort toJeth¥ to a plxe encounterthe presence ofthe risen Christ. . Tours: our multi-natb)nal tean of guides i8 avaiwjle to prcwhde tr$ around Gar to all visrtor5 - wherever possible in a visitorfs first langu•3e, or thrtyjgh tranation. Leafiets are also freely avaiLqble in over 30 languages for the benefft of visitors wtho we are unable to gukJe in their knJuaae. During a typKal twr. vtsitors will be sh¢)wn a rock f¥e known as Skull Hill. or Gordon's Gowha. beirffJ a PsIb I(10n for the CruciOn of Jesus Christ, together with a rrbY rollintrstone lomb into the rlxk where His may have lain and. if so, frcm where He triumphantly rose from tha dead. . M••ting Areas: followng a lour. Christian groups are offer•J the oppyiunlty to l¥)Id a cmUnN setvice, or a rreting in a d8signabJ area set a$e for refieLtion arwj Lkntion. . A Quiet Place: for indivbjual vtsitors, or those requiring a Meet"ng Am. thw8 are numerous place5 around the Garden where it is possible to tske tirrn to rdlec on the beauty cl the garden and c the swJnifunce of the messtye of salvation in Christ Jesus. Our Toam The ministy of The Garden Tomb 15 brought to lrfe by a mulli-national tewn d IrAxI staff 8nd overseas volunteers led by Stephen Bridge who was 4)pointed Dire(kn in Septber 2015. 8d]e5 frcm Iswl and Pdestine work alongside Christian believers from around the world in liwng ts IrFe of'unty in mlah Jus. and in presentirKJ the'Gcd NeAs' of Christ Crucffd and raised to life. H¢M We Operate During 2018. the day4Trd8y opwth'on of the Gard Tomb was b>nsferrèJ to an Israeli registeral notFprofft organisation. The Director (appointed by the UK Chaiity) is supwt&J by a man4emenl t. empbyed in San. The g0Veman ofthe Chanty 18 ¢V¢t# by the TntsteesftD1rIOFs. narn6 are set on page 1. The Board of Trustees meets fomialty every quarter. wilh ad hcK meth.ngs as nS. Trustees are apwinted by the Board of Truslee8 and hold office for three yws. after nw seek rfrele¢kn for a maximum of iwo lditKKl lemis of
Th• Gardon Tomb {Joruul•n) As8o¢latlon Flnanclal Revlew The financsal resulis for 2021 a as set out in this reForL This is ts third full year vthen the Ch¥ity has mov1 from full operational control to oversight of the Garden TrtI site. Inc(ffne in 2021 wa5 £834.1K2 {£254.550:20201. and expenditure was £351,593 1£408,974'.2020) Wing to rescurces inc¢xning of £482,569 (£154,424 expeThJed..2020). There were realise•J gains on dispc6al of irWe5tff of£71.5(K) in 2021 (£13.475.'20201. In 2021, the Charity received an exceptKN7al On grfl of EUR 500.C(Q. The Charity is rwmburs•J for some of costs ofsupplying management a1 other relev8rrt extwtse to the cfwoFLS basgj in East Jerusalem. These accounts rect the freehold she &)d bu1hj1r at The Garden Tcffib in Jerusalem a5 well a5 our portlolio of investments. In 2019. the Trustees ap[Xint Bordier & C as the rvw investment &Jvisers to Charity- they attend Trustees, meeting On a year to report on the pthmarKe of the lf01) against certain (L9n¢8ed benchmarks. In the ptytFolio. Locional Chalbng•s The Tfus19es have aw rwised that the Icrakn of the Garden Torrt, in East Jerusatem has meanl Ihat there are vulnerabilities and fisks to global fxtors that mvJht nc Otse be wdent in the UK. On Occasic$ wIrtal issues in the neighbourhcoa have resutted in gatherings groups sometime5 disCY, and C violence can erupl. We have pr(K&Jures in pe for Certain entUall1168. Impact of COVID-19 The operalions in Israd in eaty 21Y20 we strhyhirKJ Str grrmth wilh the prcqject of furth record VFSitOTs numbers en the Covid pandemic in the dosure of all t0rM in Israel linduding the Garden Tomb) in m¢d-March 2020. Whilst there have brief pericrtls of limi ¢)pening in the reminder of 2020. trÉ Ga T(xnb h05 effectivety been closed to overseas visrtors for the remainder of 2020 the miority crf 2021. A w limtted number of Small ttyjr groups came to the Garden Tomb in the quarter of 21. The numbers of pe$ in Israd have been significantly reduced after the state empwee support schemes conduded in 2020. Some third paty SUPFKYt fulIng has obtained for gome employees. These details are shNn in the IS11 accnts (rf the Amutah. During 2020, the Charity made use of the Govern$ futlwh scheme in 2020 - this hdp&l in sc¥ne part with t reduced management fe8 irKome frcffi Israel. The Chariiy has been ab to operale throLsghout 2020 2021 WFih some Future Plans We continue to kok ahe&J to the future Y•ith that The have a unique mle. pfivilgge and responsibilty to contsnue to proclaim the meswe of the death and resurredkin CA Jesus Christ through The Garden Tb. The Board of Trustees continues to revvw opp(Ktunils to èxtthl th8 rexh the Ganlen T(¥nb'$ ministries in Li Wbth Our Atyms, s out above. Regèryeg Pollcy 11 is the policy of the Charity to mantain unle8tric1 funds. thich ¥e the free re5w¥es of the Chity. at a level that equates to rbjt less than six months Unrestric expenditure to provth ad4u funds to L))ver all reguw in1[r expendrture. as well as any uiweded cc6ts that may orw frcrfn time to time. Structuro, Governan and Iknaggm•nt Rlsk Management The Trustees have exrtineA the mw strabJio and vthich the Chaiity f. ar Lxnfimi that 8yStems have been eslablished to enable regul¥ rePts to be pr so that the nece8sary • can be tak to mitigate those risks. Trdlnlng and Appolntmwrt of Trustgfjs The Trustees. lcY is to #Jentify committed ChtraI$ sensftNe to mintsty and who have particJJ18r expert18e or applicion ttrot Uld lurlher the olThe Garden Tc¥nb $0 88 to ensure a 8nKxth intgjrakn of Board memt¢r¥ ag others retire.
Tomb (Jentsaleml Assoclatlon Tru8tO08' R08POn81bllltles In rdatlon to the Flnan¢tsl The Trustees Iwho are al the diwlors of the Garden Tomb for the Fxffposes cl company law) are rosponsible for preparkng the Report of the TTU8t8 the ffinancial Slateft in ¢dan with applicable k74¥ and Unrted bfjwdom The 18w applicable to charitses in EnglaThJ 8r¥J Waks Nuires the Trustees to prepare financial statements for each nancial year which give a true orwj fair viww of the state of affairs of the Charitable cc¥npany and of the incoming resources and application of resour, indLhJirYJ tr£ incATh expwKJiturq d th& clIable CnPanY for that In preparing these financial sLments, the Tntstees are TWUiTed to: ' setht su¢table nting policies and then appty them consist. observe the methods and Pfinciples in the Charibes SORP.. ' make1udgemts and estimates that are reasonable ' pwaTe the financial staknents a wng corKxn unless it is inapprLwale to presume thai the Chty will continue in bLtsiness. The Trustees are re8p)rtsibl8 for kw'rwJ suffiwl )Untir that disd05e with reasonable aLxurw. at any time, the financial pc6rtth of the Charity and enable th to ensure that the financi81 statoments Mpty with the Companies Act 21x6. They are also respon8L for s8feguardiry the assets of the Charity and hen( for taking Statement a6 to dlsclosure of inft>rm•tion to Independent Auditor So far as the Trustees are avrare, there is no relevant informatiw (as definaj by SeGlion 418 cl the cPanieS A¢t 20L%I of which the Charitable companys auditors are Unare. and exh Tru5t has tsken all th8 Steps they ought lo have taken as a trustee in othr to make thwn wAwe relet alIt wrformalk)n to estknlish that th& auditors are aware of that 1nf0rrnati. Independent Audltor8 The auditors, Bennffrfilh 2018 Lunited Istslutory AwJilcws}, will be pr(p)wl for rwwintsment at the ftwthCclng Annual Genefal Meeting, Approved by the Tnth and slgned on thelr beh* ty. eeys. Chalmian Dated.. 27 O¢tober 2022
th01 Oplnlon We have audrted the financial statements ofthe Gar Tomb Ohe'¢tharitAe ¢mpanl) fcrf the JpareIed 31 December 2021 the Sement of Financaal Adi¥[ts. Ba[ SheeL the Cash Flow Statem1 rb)tes to the finanaal statements. induditwJ a summary of gnIfI1 th¥ntIng poIKtes. financi reTKJrting frame that h8s been applied in their Fwaration is p4plKZe and United lfjngdom AccryJnting Standanls IUnite(l KInM Generally Aptsd Ac(xunling Pra¢li¢e). In our cyirmon the financaal Statem.. give a true and fairvie of stats ofts drtate ¢x¥npaWs affairs as al 31 D¢rner 221 and of its intThliThJ re8Cr¢eS a¢wJ aFvlitXion of Twr. iauding its ir¥)yr and expenditure. for the year then wd.. have been property prepad in with United Gralty Aepted AuxNJnlirwJ Prac(. and have been prepared in QydanCe with the ofthe Comparmes Art 2c. Ba818 for opl We conducted our audri in ao)Jrdants with Intemalional StaThJards on Auditing (UK) (ISAS (UK)) aThJ appli¢able law. Our responsiknlibes under Ih¢)se stsndards arg further desaibed in the Audttors. Tesportsikn"lths for alIt oflhe financAal statements sedkm of our report. We are indep of thg charIlab company in a0rdance wth the ethical reqU1ments that are relevant to Lxjr audit of the fman(aal statements in the UK irK4udwig the FRC'$ Ethical Standard. and we have fulfilod our other ethical responsibilities in ?h these TeqLNremBnts. We belsève that the audrt evidenc we hav8 Oained is 8uffKaent and apyowale to wbje a basi5 frrftwropintt. Con¢lu8lons rthttng to golng conGem In auditing the financial smements. we have ¢XstYj trustees. ofthe goiry wJ¢em th18 of ao>)unting in the prep8ration of the financ4al stateFnents is apwwiate. Based on we have perfOrnd. have ¥Jenbfd Materi uncertainlies rting to events or [KIlOn$ thaL individually or collectivety, may Iwt sYJnifanI doubt the chtth uxnPanS abilty to cx¥rtiw as o going cTh)cem for a period of at teast mnths froffl when the finanLial statements are fr)r issue. Our reSpOlbIlitS and the resFoMiblibes ofthè truskes with yes110 goiThJ 0)n( are dewbed in the rdevant tions of thi5 reFQrt. Othèr Inforn1k)fft The trustses arè responsible forthe otr 1nfwm8. The other txmkyises the informalion w)thded in the Annu81 Ret#yL otherthan the slatements ¥J (w Report IndeF AlitOrS th8reon. In connectton vthh Jr audrt of the finarxial $tatemerts. (r wkvffjibilty is to read the other %nfomwlion and. in doing so, considerwhetherthe other is materialty in¢>Thislont WTth Ihe finarvial statements our knCedge otlained in the audit or (rthewse appgars to te Materty misstated. If thntify SLK material inwnsisten(iès N apparent material misstatements. aro [8qUed lo detemine tthether this give5 rise to a nN8terial misstatement in the financial statemerts thwnselves. If. based on the we l)ave perfoThned. o¥)TvJtJde thatthwe i8 a fnaterial misstatement of Ihis other information. a requirod to report that faoa. We have nothiw rewt in thls regwd. Oplnlom on oth8r matlpn5 preKrib•d by th• Companim Act 2006 In our opinion. ba$8d on the work Undertak in the course of the authtr. the inforThalion given in the Report ofthe fcrf the year Ihe finatmyal Stateme are eParj is )n5islent with the finarla1 statements; and Matt•rn on whlch we arn required to rtyport by •xception In the light of the knowledg8 and understaThliTr3 of the rtorilabl8 ojmpany *] its en4imnment ¢)btained in the ofth& audit, we have not Identifi matwial M[sstat in the Rept ofth& TrLth8S
ofthel nd•ntAuditors the Ikmlms of iation We h8ve nothing to rep)rt in resp8rt ofthe frAknkning mattets Twhere the Ad 21x6 requres us to re1 to you if, in our opiniw.. not visited by us" or . certwn disdosures of trustees, remurrat10n speufied by law we I1 made. or we have not received all the informab.on and explanalions reqLMre for our audt or . the trustees were not ented to take thantsge ofthè small conyanies exempts from the wviretwtt to prepare Strate&ic ReFrt or in prepariry the Rawt afthe Trustees Rgspon$lbiliti•s of tru5t•os As ewained more in the Slatert ofTrustees' ReSpSirs, the {%tho are a150 the dir5 of th8charitable company for the purposes of MpaThy lav) are responsible for the prepaTrb'on of the finanual statements and for being Satisffi that they giv8 a true aThJ farv. forts inlwnal c£rftt4 as the tnjstees deterrnine is necssary to enable the preparation of finarJaI stateffnts that arg free frcrfn Materi M518t, vA)ther due to fraud or ewor. In preparing the fifianal Statements. the tnjstees ¥e reSEnth fcrfas8ess¥w ts itsilab19 ¢xrfnpanYs aLMlJty to ttinUe as 8 goirvJ cMcem. dosdosing. as applKabk. rnatte k91ed lo goiThJ 1x)nrn and usirvJ the going basis of accounting unless thg tAtee$ either vrtend to 1jate the (¥Itst cA)mp1 to (wse opat$, or have rn realistic aKematsve to Ib $0. Our mponslbllftles forthe autht of the fiMn¢l•l stst•n Our obltiVeS are to obtain reasonable assuranc at¥Jrt whethwlhe fffjatx?al stateFts as a are free from matorial misstatement, whether due to fraud or error. and to issue a Rekyjrt of the IndeFer AlItorS that indudes our ¢Jpinion. Reasonable assurance is a gh level of assur8Thx. bul is not a guararrtee th81 an autht oy)ductgJ in accordance with ISAS (UK) wtll aayS detect a material misststement it exists. can fraLhJ or entst and are )nsidered material rf. individualty w in ts aggregate. Ily be to flUenCe the eoyxjmic decisions of users 18ken on the basis of these fin8rKi81 slatenwnts. The extent to our pft)cei1vres are capatde of d8tetng Iwukrlli8s. 1Th111[j (d 15 detsiled telcw. We obtswied an unde[slandg oflhe lega regw fram thal ¥cable lo the entity arwj (temined Ihe We assessed risks of material Misstatent in re¥d offraud as fk¥. Enquiries fflade of managemwt and Ihose tharged With govemw as well as the 8er¥i fmganwlion Mi relation to Analytical procedures were used to Id1 rf Ihere we any unusual or UneYpe( relabshIpS Dis$s1on$ vAth man•Jement to anyfraLJJ risk fa(orn of rela pgrty r8lathNthips aThl transathis Based on the results of risk assessm The worreS to ncNml 7hilh T4JL laws regulations identified ab)ve. Enquiries re made of m8nagem8nt and those ryth g0vWnar. We c(rot) rwr wquiries through the revitr We 0)ndered the risk of fraud thft)ugh management override arxl. in reskK)nse. we incorporated lestEng of manual ioumal entries into our audil approath. We tested year end Joumals astEII aspJum le$ Ily(wghoul the year. Thère were no transathons identified rmjtside Ihe normal Irse of business. Based on the resuns ofour risk a&sessmerrt deSved our art Fxvdu to 1gntify aThl to address maten81 misstalemnts in rèla11 to fraud. We incorF#Nated an elerwrt of 4mwgdthbilty in the se1th ofthe nature. timing. and extent of audit PTocgJures whe transaL1ion meetg risk uiteria vrE idenliw. out furttrw such as athjiliorwl testiny to sour¢o information.
ofth•ln A fvrlher description of our resF(sl IeS forthe of ts finla7 slemgnts is Id on Ihe Financaal Reporting Council's Ebsite at ww.frOorg.uklaudit(¥sresFnb. This desul01 foms of Report of th& Independent 118e of our report This report is made solely to the caritstrAe rxjmpanls membe. as a tsc. in a))xdarKe ith Chapter 3 of P8rt 16 ofthe come$ 2(Th. Our audit work has been uThJertaken so that we might slate to the chwilable companys membe those matters we a rwired to stste to them tn 8n audrtors. repNI for no other purpose. To the funest extent p¢miilted by law. we ijo not W (Y assuff reSP)bIlty to any dherthan the (*aritatAe and the tharrtabb companls members as a trdy, for ¢wr audf(work. fry thts reprf ortsthe olDn$ have fo. A J Benn&¥lth FCA.FCP& FFA. WA. FIP& FRSA (Sermor Stabjw and on behalf of Bennwrith 2018 mIted {Stsluty AJitt¥s) 3 Wey Court Mary Road Guildford Suffey GU14QU Daled". 28 October 2022
The Ganlen Tomb (J•nNlemTr Asso¢l•llon tatement of Flnancial Activlti forthe Yèar Ended 31 Decem Totsl 2020 Fts 21r21 INCOMING RESOURCES Incomlng reSoUe$ from chwltabl• acti¥it*s Vduntsry income- Donations and gifts Incoming resources from genwatod funds Activities for generating furKIs Investment incLNne Other Incornlng r•sourGos Fudough grant 516.303 516,303 188,046 132 5,728 41,114 19.530 3.881 281,11 32,917 3.881 281,11 32,917 T¢)lal Incomlng r•sourc 834,162 834,162 254,550 RESOURCES EXPENDED Charltable acttvltlfjs Charttable 8CtiVfty Govorn•nce costs 323.263 28,330 323,263 28.330 389.979 18,995 Totsl rgsourco5 oxp•nd 351,593 351.593 408,974 Net rurG•S Incomlngllexpendedl (154,424) Net galn¥l(Ios8es) on Investsmnts Realised Unrealised 71. 14,920 71.536 14,920 13.475 29.401 Net movemont In funds 569.025 569,025 111.548) Fund baLaneey broughtfoThvard atstsrt of year 3.043.282 3.043.282 3.154.830 Fund balancos wrlgd fomnl at end of year £ 3.612.307 £ 3.612.307 £ 3.043,282
Balanee Sheet at 31 0ocomb•r 2021 2020 Flxod assets Tangible ass Investments 1.385.1JJ3 688.815 2.073.818 1.462.890 821.845 2,284,735 10 Current a¥s• Debtors.. amounts falliNJ due within one ye Cash deposits at brokers Cash at bank and in hand 11 1.099.131 225.981 256.174 1.581.286 380.103 226.515 176.212 782.830 Crlt0 Arnounts faling due wtthin one y 12 41797 24.283 Net curroTrt a889ts 1.538,489 758,547 Total assotslgss currwrt li•biliti 3.612,307 3.043,282 Credrto Amounts falling due after m(Ye tkn one .612.307 £ 3.043.282 Unrestrlcted fijnds General fund Revaluation reserve 13 3.124,010 488.297 2.,905 473,377 Total funds 3,043.282 The Direcaors tr re5Fs1bIlity ts cixnplyiFYJ with rs4uirwnwts ofthe Acl with respect to accounting reJ))rds arHI forth8 preparatIC of the )unts. small ccfflpanigs rgjime. The financial statements appro¥ed bythe Bowd Tnffjlees on OdLer 27th 2022 were signed ¢)n its behaw ty P Keeys- Chrman On behaff oftho tru#fjw; P KS (Chainn) 27th Octcthr 2022
Tho Gardon Tomb {J•nffjalem) Ass(18110 Year Ended 31 t)ecember 2021 2021 2020 C•$hflows from opgrallng actlvltles Net expwKliture for the year (fr( statem of Financ4d pth1) 9.025 (111.548) AdJtod for. Depreciatlon Gains on inveslments Dividends and bank inlerest Decreasel(Increase) in t)ebtors (Decreaseylncrease in Creitit TT,887 186.456) 13.881) 1719.028) 18.514 100,571 {42.876} {5.728) {24.454) 11,844} {143.939) {85.8791 OivKlend$ bank inter8St Net proceeds frcrfn sale of inveskn Acquiwb'on of invesknents 3.881 512.694 (293,208) 5.728 367.055 {110,0291 Net cash us•d In lTrv•stlng acUvlilo8 223.367 262.754 Not c•#h (uthhY9•nOrat•d In the yw fr4xn au acllvid 79.42 176.875 Cash and cash equl¥alents brought foThYavd •tthe beglnnlng of the y Cash at brokers Cash at bank and in Fond 226.515 176.212 £ 402.727 13259 212,593 £ 225,852 Cash and ush fjqul¥al•nts carrl•d fomrd •nd of th• year Cash at brokers Cash at bank and in hand 225.981 256,174 £ 482.155 226,515 176,212 £ 402,727 Net {docreaseVlnCre In cash and cash •qulval•nts 4Y•Trtho year 9,428 10
ond•d 31 tl•c¢mbw 202 1. Prlnclpal accounllng polkles a. Basls of prgparfng the fin•ndal statnts prepared in aCCordare with the Charknes SOiiP IFRS 11)2) 'AJnIing and ReporbNJ ty Charitses.. ststement of ReComMerKI Pra¢ applicable to chaiibes wepariThJ the accounts in accordance with the Finanryal ReWing Standard in the UK and Rewblic of Irdand {FRS 102} {efftttsve 1 January 2015).. FinancAal Re[kn.ng Standard 102 Tr FirwKial Rewtirg St13rd applicable in the UK * Republic of Ireland. and the Companw Act 2C(6. Tr finarbial Statem have been prepared under the historic c¢t con¥entk)n. b. Incomlng re•ources All incoming resources are iluded in the SOFA the Charity is legaty entiued to the inLxJme and the amount can quantifiod th reasonabbe acr8¢y. Ire$t income is induded when 11 is receivable by the Chanty. AJI expendiiure is accourrted lor on * acc¥u818 basis •KI has been classbfd uThJer he•Jings that aggregate all costs related to a ¢xtegory. Go¥emane£ o)sts are those InThed for the runnirwJ of the Cl itself as an ganisati. d. Tangible fixed ats and deprnciatFon Tangible red assets are CataliSed and i1ld * cost any rx)sts ofaL>4uiS"0n. Depreuation 15 pfD¥ided at the rates so a to lte off larwJilJle fixed asset ovw its useful economic life.. 10% on Lxst redwng balal 20% redwng balafKe 33.33% on cost 25% redwng baiarKe Land has not been caksed ¢kn to Ihe swtsnt of vabjry the m]ue JW5a1 srte. The cost of the land purchased 1894 was £2.IXK). FreePId buiklings at the JerLtsalwn site are stabj at 1994 Valuati and have not been reuth. Fana81 Reporting StaFxlard 17 requires freel property tr> be depreciate(l. The sarKlard has not been cL¥nplied wlh In this se as the TFUStees consider the usefvl &orMJnic lrfe of the ljuiklings to te such that the deprecsation Garden equipment Apartment & offi funwlure Computer electronk Motor vehides In¥¢6tmonts Investsnents are std at Maet value at tr balan sheet ¢Jate. The SOFA irKJiths Ihe net gal and losses arising rewaluations arKI di8P)8als ItYwgFKXrt the . f. Forgign ¢urrencie Speufic transactions in fw UJTrencies are translated slwfing at the exthange rate in OFeration at the date of the transaction. TranSOn$ thrwut are trartsLd at the average exchange rates for the year. Monetary assets aNI liabilities e rranslatsd * the rake of eXrtW NlThJ et the balarKe sheet date. I drfferences are taken to the SOF g. Taxation h. Fund ac¢ountlrwJ UnrestriGXed funds can be Lwd in aOrdanCe with the charite ObitrYes at the di8ueti.on ofthe Trustees. Restri¢ fvnds can only be use(J for particular restricted purposes within fv objects of the Charity. Restrictions arise when spthd by the wthen fijnds are raised for partw restricted purposes. statements. 11
Ganlen Tomb (Jerusalem) Asgoclatlon UK 2021 2020 I Incomlng res¢Jurcgs fr( charftablg aGll¥lU Donatlons and glfts Other donations and gifts 516,303 516.303 188,046 £ 516.303 £ 516.303 188.046 Incoming resources from generatod fvrbd5 Acdvltl•s for geneAtlng funds Shop sdes 132 132 3. Investrnnt Income Bank interest Dividends and fixed intW8St 24 3.857 24 3,857 285 5,443 3.881 3.881 5,728 othor Intomlfig r•sour¢o8 Management fees from Amut 281.1%1 281.061 41,114 £ 281.(1 £ 281,061 41,114 12
Tho Gardgn Tomb (Jorusal•m) Association Total 2021 UK 21r20 6. Dlrect charltable exwndknre Accountancy and payroll prepwation Allowances for Vdunteers Bank charges Deweciabon Aparbnent fumibJe Garden equipment Office equipment Computers and electronic Motcf vehtdes Excharoe rak (In$)110$Ses Insurance Invesbnent l)roker fees IT costs Legal and professional fees Property rentsl Repair8 and maintenar Salary and pension cosls Shop purchases I¢8 of sales) Sundry expenses and staff grfts Travel- volunteers. staff Utilities 264 42.432 3.521 314 55,391 2,748 42.432 3,521 11.894 6,734 11.894 14.868 8.418 17,894 531 (5,6621 2,905 12.619 23,792 (62491 (6.1961 1.622 9,184 29.112 9.184 29.112 29.076 29,076 31.655 1.463 141.8 1.970 5,469 14.608 126.043 2.295 2.033 5.847 126,043 2,295 2,176 5.847 143 £ 202.748 £ 120.515 £ 23,263 £ 389.979 Governanc• costs Audit IndeperJent Examination Counal and staff tra¥d expgnses Legal fees Honoraria Donations 14.4tx) 975 $87 14.400 975 587 2.200 4.795 12,0 200 12.C 200 12,000 £ 28,330 28,330 18,995 Total rawur axwthd 231.078 120,5 13
2020 The a¥ew88kty nurrtJwofnpk4es >wrtAps'. Salaries and wAgts- UK So(401 wurity $ts. UK Pons1c UK 96,075 5.603 37,956 £ 139,634 s.750 5,731 39.487 £ 141.S The Chanty rjJntrdJ by are a0 ils Cir8olots. NO ofthg Trusto0s reraknJ. Djring 2021. £487 12020-. £4.112I was 1mbUr8ej to 3 Trustees for<t-0e)•IoS the cour8e ofth8irwtyk forthe Gharity. No wn¢untsr• to Tnthes at 31st Dec•Yi 2021. Irs a&#ts, kèy mafiageftwst pers[ pabj £113.898 n rwnunerbJn and Fnsix contrtirttr)ns during 2021 1£117,33420201. At 31$l Derynber 2W21, th• amounts NiThJ 41 resF*L# ¢)f key m8nag8rn8nl F4Sne1., £6,635 1202tr. £12,793> ill £gW 1202tr. £NILI inoJFrekl. Al th858 in thg rnonth. 9. Tangibl• Ilx•J ¥•ts trMJibJrys SW ¢qu4¥rt frjmth g]UW8nt 1 January 2W21 thon5 DBposals 31 Decwn)er2021 973.818 5e4,803 2r2.401 154,467 2.226,597 971818 272.401 154,467 28.022 2,226.597 1 January 2021 Charg8 for yèar Ekninabon on di8FwI 3108C8rnbar2021 1.287 149.814 11.894 2$9.n1 154,467 28,428 763,707 253,127 181.rn 245.465 154.467 26.827 B41,594 Ngt book valug 31 Dember2o2l £ 973,818 £ 335,478 £ 47.578 £ 26.936 1.195 £1,385,OD3 31D8CL2020 £ 973.818 £394,336 £ 59.4n £ 33.670 1,594 £1,462.8 2021 2U20 Revaluaion in 1994 Subwuents>)st 443.7T3 443,rn £ gn,818 £ 973,818 14
- Investments 2021 2020 Market Value at start of year Acquisitions at cost Nel sale proceeds from disp(S Net realised gains on disposals Net unrealised gainslllosses) on revalualM)n Movement in exchange rates Market value at end of ye 821.845 293.208 {512,694) 71.536 22.745 (7.825) 1.035.995 110,029 (367,0551 13.475 42.793 {13.392) £ 688.815 £ 821,845 Hi8toricd cost at )d of ye £ 549,8 £ 707,289 FÈxed interest secunties UK equty shares Non.UK equrty slwe8 Allemative fvnds 123.429 541 498,232 e6.613 132.851 PJJ8.418 79.754 688.815 £ 821,845 DuriThJ 2021, an aThvJunt of£218,071 I$3,)0) VAS (knMI fmm )VeStnIS to fund Various projects at the Garden Tomb Site in Jerusalem.
- Debtors: amounts falllng due wlthln on• ygar UK Loan to emFloyee Loan to USA Friends of Ton Loan to Amutah on formab.on Covid loan to Amut8h Management fee8.Amutah 8.744 12.311 4.674 358,518 365,616 482.142 238.629 £ 1.099,131 £ 380,103
- crltory. amcbunts falllng wlthln one year UK 42.797 24.283 42.797 £ 24.283 15
The Gavden Tomb {Jerugalem) A8goclatlon 13. PA0vont In fvnds The movement on furth for 2021 Is as foknhs." Balanc a8 at at 1 Jsnu 2021 2021 All fiThls a Unrestr*d. Gener81 ffiJrKI8 2.569.905 $54.105 £3.124.010 473.377 14.920 488.297 £3.043.282 £3,612.307 Net movement in furKts. ilded is as folhyw&' Movem8rrt in funds UntgstrIc funds: General funds 5.698 351.593 554.105 14.920 14.920 Total furnJ8 £920,618 £351,593 14. Comparatfve moveThnt In funds The m0ven on for 2020 was as fo1[tr. Balance as at 31 December 2020 at 1 January 21Y20 JI fiThls are Unrestri¢W. General fvnds 2.710.854 (140.949) 29,401 1£111.548} £2.569,9)5 Revaluation tsswve 443.978 £3.154,830 473.377 Net movement In fixKls. findthkn1 above. k8 as ftlkMB.' Incoming Resou Movmnt in fvnds UnreStrIc funds: General fvnd8 268.025 408,974 (140,9491 29.401 (£111,548) 29.401 Total funds £297.426 16