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2022-12-31-accounts

Reference and administrative
information		 Reference and administrative
information
Report ofthe Trustees 2-4
Report ofthe Independent Examiner
Statement of Financial Activities
Balance Sheet
Cashflow statement
Notes forming
part ofthe		 Financial Statements 9-14
Reference and administrathre Reference and administrathre Reference and administrathre Reference and administrathre information
President: Revd. Canon J FSalter
Trustees and Council Members: P Keeys (Chairman)
M EAldridge
S D King
Ms. A Laing
PW Mayo
KJ Ryan
Mrs FT Saunderson
Revd. P CWeaver
Jerusalem Director. S Holland
(appointed		 January 2023)
S Bridge (resigned December 2022)
Charity Number. 1144197
Company Number: 7591911
Charity Office: PO Box 19462
Jerusalem
Israel 91193
Registered Officer AJ Bennewith
&Co
3Wey Court, Mary Road
Guildford
Surrey, GU1 4QU
UK Correspondence Address: AJ Bennewith
8 Co
3Wey Court, Mary Road
Guildford
Surrey, GU1 4QU
Bankers: Bardays Bank Pic
4-5 Southgate Street
Bath
BA1 1AQ
Independent Examiner: AJ Bennewith
FCA,		 FCPA, FFA, FFTA, FIPA, DChA, FRSA
3Wey Court, Mary Road
Guildford
Surrey GU1 4QU
Investment managers: Bordier 8 Cie (UK) PLC
22 Igng Street
StJames's
London
SW1Y6QY

Unrestricted Restricted Tota
I		 Total
Funds Funds 2022 2021
Notes 6 F
INCOMING
RESOURCES
Incoming
resources from charitable		 actlvldes
Voluntary
income - Donations		 and gifts 2 252,766 252,766 516,303
incoming
resources from generated		 funds
Investment
income		 3 5,155 5,155 3,881
Other Incoming
resources		 190,066 190,066 281,061
Furlough
grant		 32,917
Total incoming
resources		 447,987 447,987 834,162
RESOURCES EXPENDED
Charitable
activities
Charitable
acfivity		 992,200 992,200 323,263
Governance
costs		 18,340 18,340 28,330
Total resources expended 1,010,540 1,010,540 351,593
Net resources
incoming/(expended)		 (562,553) (562,553) 482,569
Net gains/(losses)
on investments
Realised 61,804 61,804 71,536
Unrealised (87,772) (87,772) 14,920
Net movement
in funds		 (588,521) (588,521) 569,025
Fund balances brought forward atstart ofyear 3,612,307 3,612,307 3,043,282
Fund balances cerned
forward at end ofyear		 F 3,023,786 F 3,023,786 63,612,307

~s"" ~s""
as at 31 December 2022
~No es 2022 2021
f f 8 F
Fixed assets
Tangible assets 1,191,573 1,385,003
Investments 545,270 688,815
1,736,843 2,073,818
Current assets
Debtors: amounts falling due within one year 10 202,850 641,099
Cash deposits at brokers 254,863 225,981
Cash at bank and in hand 85,948 256, 174
543,661 1,123,254
Creditors
Amounts
falling due within one year		 12 30,744 42,797
Net current assets 512,917 1,080,457
Long term assets
Debtors: amounts falling due after one year 774,026 458,032
Long term creditors
Amounts
falling due afier more than one year
Net Assets F 3,023,786 ,30
Unrestricted
funds		 13
General
fund		 2,623,261 3,124,010
Revaluation
resenie		 400,525 488,297
Total funds

The Garden The Garden Tomb (Jerusalem) Association Association
~Cghfl&twWj~men
forthe Year Ended 31 Deca be
Notes 2022 2021
Cashflows
from operating		 activtdes
Net expenditure
forthe		 year (from Statement ofFinancial Activities) (588,521) 569,025
Adjusted for.
Depreciation 132,924 77,887
Gains on investments 25,968 (86,456)
Dividends
and bank interest		 (5,155) (3,881)
Decrease/(Increase)
in		 Stocks
Decrease/(Increase)
in		 Debtors 122,255 (719,028)
(Decrease)/Increase
in		 Creditors (12,053) 18,514
Gain/loss
on disposal		 60,507
Net cashflows
from operating
activities		 (264,075) (143,939)
Cashflows
from investing		 activities
Dividends
and bank interest		 5,155 3,881
Purchase oftangible assets
Cash transferred
to/(from)
investments
Net proceeds from sale ofinvestments 440,414 512,694
Acquisition
ofinvestments		 (322,838) (293,208)
Net cash used
In Investing		 actvtties 122,731 223,367
Net cash (utilised)/generated in the year from all activWes 5 (141,344) 5 79,428
Cash and cash equivalents brought forward atthe beginning ofthe year
Cash at brokers 225,981 226,515
Cash at bank and in hand 256,174 176,212
552„155 5
Cash and cash equivalents carried forward at the end ofthe year
Cash at brokers 225,981
Cash at bank and
in hand		 256,174
Net (decrease)/increase
in		 cash and cash equivalents
over the year		 5 340,811
i,ill&		 5 482,155

Total Total
UK Israel 2022 2021
6 F
2. Incoming resources from charitable activities
Donations and gifts
Other donations and gifts 252,766 252,766 516,303
~52,700 E — E 252, 66 516,303
3. Investment income
Bank interest 24
Dividends and fixed interest 5,133 5,133 3,857
6 5,155 F E 5155 E 3
4. Other incoming resources
Management fees from Amutah 190,066 281,061
E. 50,066 E — E 90.066 6
Total Total
UK Israel 2022 2021
8 8 8
5. Direct charitable expenditure
Accountancy
and		 payroll preparation 10,949 10,949 264
Allowances
for community		 guides 60,238 60,238 42,432
Bank charges 3,163 3,163 3,521
Depreciation
Building 8renovations 117,721 117,721 58,860
Garden
equipment		 9,516 9,516 11,894
Oflice equipment 5,387 5,387 6,734
Computers
and		 electronic equipment
Motor vehides 299 299 399
Exchange rate (gains)/losses (65,735) (65,735) (6,196)
Insurance 2,658 2,658 1,622
Investment
broker fees		 6,767 6,767 9,184
ITcosts 31,597 31,597 29,112
Legal and professional
fees		 14,687 14,687
Property
rental		 44,425 44,425 29,076
Repairs and maintenance
Salary and pension costs 145,957 145,957 126,043
Exgratia
/ severance
pay		 7,500 23,367 30,867
Events 1,862 1,862
Shop purchases (cost of sales) 2,295
Book royalties 2,109 2,109
Sundry expenses and staff gifts 103 103 2,176
Travel - community
guides,		 staff 26,981 26,981 5,847
Covid loan write off 482, 142 482,142
Loss on disposal ofassets 60,507 60,507
6171,946 f 820 254 6 992,200 8 323,263
tagvuen .Ik9~
Audit 14,400
Independent
Examination		 4,800 4,800 975
Council and staff travel expenses 1,807 1,807 587
Legal fees 2,733 2,733 168
Honoraria 9,000 9,000 12,000
Donations 200
18,340 f 834 E „330
Total resources expended 8190,286 f 820,254 E 1,010,540 8 351,593
Staffcosts 2022 2021
The avemge weekly number ofemployees during the year was: 3 3
The costs ofemploying
those stafi vmie:		 f
Salmies and wages —UK 95,100 96,075
Social security costs —UK 2,372 5,603
Pension scheme - UK
Tangible fix ed assets
Freehold Building Garden Apartment & Computer & Motor Total
buildings &renovations equipment Oflice rriectmnl c vehidas
furniture equipment
6 6 5
1 January 2022 973,818 588,603 209,286 272401 154,467 28,022 2,226,597
Addrhons
Dksprxaris
31 December 2022 973,818 588,603 ~1562,421
Depreciation
1January 2022 253,127 161,708 245,465 154,467 26,827 841,594
Charge for year 117,721 9,516 5,387 299 132,923
Biimination cn disposal
31 December 2022 370 848 370848
Net book values
gt 191,573
The value of the freehold buildings is represented by. 2022 2021
5
Revaluation in 1994 530,045 530,045
Subsequent cost 443,773 443,773
5 973,818 ~973, 18
9. Investments 2022f 2021f
Market value at start ofyear 688,815 821,845
Acquisitions
at cost		 322,838 293,208
Net sale proceeds from disposals (440,414) (512,694)
Net realised gains on disposals 61,804 71,536
Net unrealised
gains/(losses)
on revaluation		 (125,262) 22,745
Movement
in exchange rates		 37,490 (7,825)
Market value at end ofyear 6 545220 5 686,8 5
Historical cost at end ofyear f 507,585 f 549,968
All investments
are listed on a recognised		 stock exchange and are represented by:
Fixed interest securities 77,698 123,429
UK equity shares 238 541
Non-UK equity shares 326,005 498,232
Alternative
funds		 141,330 66,613
545,270 f 688,815
10. Debtors: amounts
falling due within one year
Prepayments
and accrued income:
UK 8,892 8,744
Loan to employee 3,400 4,000
Israel Shop purchases 1,582
Loan to Amutah
on formation		 72,765 86,853
Covid loan to Amutah* 482,142
Management
fees - Amutah		 75,099 59,360
2022 Loan to Amutah 41,112
6 202,8 0 5 641,099
' The board after discussion
with the Israeli Amutah		 and Management agreed to vmte offthe Covid
Loan
11. Long tenn debtors
(2 - 5years)
Loan to Amutah
on formation		 306,311 278,763
Management
fees - Amutah		 302,250 179,269
2022 Loan to Amutah 165,465
f. 774,026 f. 458,032
12. Creditors: amounts
falling due within one year
Accrued expenses:
UK 30,744 42,797
f 30,744 f 42,797
13. Movement in funds
The movement on funds for 2022 is as follows:
Balance as Net Balance as at
at 1 January movement in 31 December
2022 funds 2022
All funds are Unrestricted. f F. F
General funds 3,124,010 (500,749) f2,623,261
Revaluation reserve 488,297 (87,772) 400,525
63,612,307 3,023,786
Net movement in funds, induded above, is as follows:
Incoming Resources Movement
in
resources expended funds
5 f
Unrestricted funds:
General funds 509,791 1,010,540 (500,749)
Revaluation reserve (87,772) (87,772)
Total funds 422,019 8 1,010,540 588,521
14. Comparative movement in funds
The movement on funds for 2021 is as follows:
Balance as Net Balance as at
at 1 January movement in 31 December
All funds are Unrestricted. 2021
f		 fundsf 2021f
General funds 2,569,905 554,105 F3,124,010
Revaluation reserve 473,377 14,920 488,297
F 3,043,282 569,025 3,612,307
Net movement in funds, induded above, is as follows:
Incoming Resources Movement
in
les our'ces expended funds
6 6
Unrestricted funds:
General funds 905,698 351,593 554,105
Revaluation reserve 14,920 14,920
Total funds 6 929,616 351,593 569,025