The Garden Tornb
(Jerusalem) Association
(A ttompany limited by guarantee)
Report of the Trustees and Financial Ststements
Year endèd: 31 December 2023
Charity rio.. 1144197
Company number 7591911
Bennewith 2D18 Limited (SlalutoryAuditors}
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU14XA

The Garden Tomb (Jerusalem) Association
Contsnts
Page
Referen￿ and administratwe infomiation
Report ofthe Trustees
2-4
Report of the Independent Examiner
ststement of Financial Actwities
Balart￿ Sheet
Cashflow statement
Notes foming part ofthe Financial Ststements
-14

The Garden Tomb (Jerusalem) Association
ReferÈnce and administrative Information
PrÈsident.' Revd. P C Weaver
Trustees and Council Members: P Keeys (Chairman)
M E Mdridge
SDKing
A Laing
Pwmayo
KJRyan
Sir C J Hoare Bt.
F T Saunderson
Revd. P C Vveaver
(appointed December 2023}
(resigned July 20231
(resigned July 20231
Jerusal8m Director: S Holland
Charity Number: 1144197
Company Number.. 7591911
Charity Office: PO Box 19462
JerUS￿@M
Israel 91193
Regtstered Office: A J Bennewith & Co
Upper Ground Floor. 18 Farnham Road
GLtildford
Surr&y GU14K4
UK Correspondence Address: AJ Bennewith & Co
Upper Ground Floor, 18 Famham Road
Guildford
Surrey GU14XA
Bankers: Barclays Bank PIC
5 SDuthgate Street
Bath
BA1 1AQ
Independent Examiner: A J BennewtEh FCA. FGPA, FFA, FIP& DChA, FRSA
UpperGround Floor, 18 Famham Road
Guildford
Surrey GU14XA
Investment managers: Bordier & Cie (UK) PLC
22 lthng Street
st James's
London
SW1Y6QY

The Garden Tomb lJ&rusalem} Association
ort of th8 Directo
ntstees for the
ear end¢d 31 Decomb&r
023
The Trustees who are also Dire¢ior5 of the Charty for the purp08es of the Companies Act 2006, present thèir report along
with the financial statémènts of the Charrty for the year ended 31 December 2023. The Compary is limited by Guarante?
and also a registered Charty. The Trusteès have adtspted the provision of A￿oUnting and Reporting by Charities..
Statement of Recommended Pocti¢e applicabl@ to chartttes preparing their accounts in accordance with the Financial
RÈporting Stsndard in the UK and Republic of Ireland (FRS 102) leffeolive 1 January 2015). The Trustee$ have had
regard to the guidance on public beneft published by the Charity Commission in exercising their powers or dubES.
What is The Garden Tomb?
Since 1894, the Garden Tomb. in East Jerusalem, has been maintsined by The Garden Tomb lJerLJsalem) Association, a
UK Charitable Trust, as a place of Christtan worship, Witn￿ tD and refiection of the lrfe, death and resurrectton of J¢sus
the Mèssiah. Whilst many believe this to be the garden and tomb in which Jesus of Nzzareth was buried after his
¢ru¢thxion and from ￿1¢h he was raised from the dead, we do not know trjis for certain. However, are commitied to
presérving the STte as a ptace ￿ere people c8n reflect on tre Messiah's sacrthce and vl¢tory seen in His death and
resur￿¢bOn, the beaity of the garden being a powetftjl visual reminder pf these events.
¢orBtitution
The Garden fomb (Jenj￿emI Assodatitsn was incorporated and registered with the Charity Commission in 2011 and
¢ommÈnced trading on 1st January, 2013 having taken over the business, assets and undertaking of an unineorporated
registered charity {nurnber 1004062), of the same name. The Tnjstees transferred the business. assets and undertakrng
of the previous Charity into this Charity to maintain the operations of The GaTden Tomb in line with current Charity
govemance and legislation. Both Charrties have the same Objectives.
Our Aim
To declare the message of Jesu$ Chrisvs death and resurrection to everyone visits the garden and lo proclaim th
victory of His sacrifice in opening thè way for all people to weive forgiven￿ and reconcAliation with God the Father. To
this end. The Garden Tomb is maintained as a place of Mntness and worship, Mthere the beaity of the garden and the
integrity of the message work tog&therto provide a place Whe￿ everyone can encounter the presence of the risen ChrisL
Our Activities
Tours: our multi-national team of guides is available to provtde tr)ur3 around thè garden to all visitors - wherever
possible in a visitols first language, or through translation. Leaflets are also freety available In over 30 languages for
the benefrt of visitors who we a￿ unable to guide in their own language. During a typical trjur, they wll be shovm a rock
fa￿ known as Skull Hill or Gordon's Golgotha, being a possible I￿tIon for the crucffixion of Jèsus Christ, together WEth
a nearby rolling-stone tomb calved into the ro¢k where His body may have lain and, rf so, from whÈre He triumphantly
rose from the dead.
Meeting Ar&is: foll￿n9 a tour, Christian groups are offere¢J the opportunity tts hold a ¢omrnunion service, or a Meeting
in a designated area set aside for ￿flection and celebration.
A Quiet Place: for individual visitors, or th￿e not requiring a Meeting area, there are numerous places around the
garden where it is possible to take time to refflect on the beauty of the garden and on the signffi¢ance of the message of
salvation in Christ Jesus.
Our Team
The ministy of The Garden Tomb is brought to lrfe by a multi-national team of local *aff and ov&rseas volunteers led by
Simon HollanLI who was appointed Director in January 2023. Believers from Israei and Palestine work alongside Christian
believe￿ from arcjund the world in tiving the life of 'Unty in Messiah Jesus, and in pre¥enting the 'Good News, of Christ
cruafied and raised to life.
How We Operate
During 201 S, the day-to-day operation of thè Garden Tomb was transferred to an Israeli registered non-profrt organisation.
The Director lappointsd by the UK Charity) is supported by a management team, employsd in JerJsalem.
The goveman¢e of the Charity is ctrnducted by the TrustseslDirectors, whose names are set out on pa9e 1. The Board of
Trustees meets formally every quarter, with ad hoc meelings as ne￿$sary. Trustses are appointed by the Board of
Trustees and hc)Id office for three years, after which they may 88ek re-election for a maxtmum of #dditsonal tern￿ of
three years.

Thè Garden Tomb (Jèrusalèm) Association
Report on Acfjvities
During the year, ￿rtOr numbers incre8sed rapidty lo pre-covid lÈvèls and by mid-oetober had reached 291,890. A fUrt￿r
150,000 were Èxpected through tD th8 end of 2023 and to meèt this demand ￿ increased ourstaffing levels to better serve
thè ifjsitors- Christyan pilgrirns9e groups from around th¢ world and local wis(ttsrs.
On 7th October. war broke out beiwe¢n Israel and Hamas resultiru in a total collapse in the number of tourisvpilgrims to Ihe
land, and e£)nsequenVyto The Garden Tomb.
As the situation cl&vtloped. the Trustees dscaded to send staff 2nd volunteers home for their safety and the Garden was
ciosed from the 22nd Octoberwith a soeurrty company providing on-site protection through to 6nd_2023.
One important new posthon that of an OperatTons Manager who comrn8nc*d hrs dubes in S8ptsmber. However due to
the changed c4rcumStan￿$ brought aboLrt by thg war, thè p0S￿On ￿tame redundant from DecembEr 2023. 1 am th8rthl for
his sgrvice to thè Garden during thrs difficuY( season.
During this closed perlod. a signKficant Smprovementto the garden was Completed..
. remodelling the Tomb approath path, and altering the rneeting aré8 and platfo￿ adjacent to the Tomb which wll provide a
b&ttèrexperience when ￿l$It0r numbers retum.
Priorities for 2024:
. Re-open tm& gaiden throughout 2024 to shar¢ the message ofthe Gospèl wth all who ￿11 corné
. Complettt the developmènt ofthe UpppT l Lower Déck meeting areas byAugust
. Prèpare for the ¢nd of hosliltb.es thatwo prayfor
. Considerlhe future ministy of the Garden Tomb and ts income Streams in orderto sustain it during a time of crisis
. Manage expgnditure to ensuie sufficient funth to mwrrtain the ¢hartty and support redU￿d staff numbers
Maintain the site and gardens in good order in anticipation of visitors retuming agoin in large nutnbers.
In th8 meantimt, The GardÈn Tomb c￿ntinueS its rninisty ot prodarning tha gospel message to all Nvho come, supported by
a devoted and dedicated, but smaller team otstaff and guid&s.
During tt)is Current crisis, we look bad( b GtsY'$ faitmulness at drffieult periods in The Garden Tomb's history, and lotsk
forw8rd with hopa and courage for all that lies ahead.
Financial Rèview
The financial results for 2023 are as s&t out in this report Totsl in(xJme in 2023 was £752,7071£447.987 .. 20221, and totsl
annual expendrture was £766,859 1£1.010,$40 ." 20221 leading to net resour￿$ exper￿e￿ of £14,152 (£562,553
outgoing 2022). Thets WgTe realised gaIr￿ On dispctsal of investrnènts of£S,052 in 2￿23 {£61,804.. 20221.
The Charity is financed by donation5 from supporters and income fft)m the Charitys investrnents. Gifts represent the
amounts given tts thg Charity by intèrnational supporters oflhe Garden Tomb. In addtbon to incomè from investrents, the
Charitywds also reimbursed for some ofthe costs ofsupplying rnan¥gement and other ￿1@Yant expertise to the opèr8tons
based in East Jorusalem.
Future Platls
We conlnue lo look ahead to the ftrture wth Confiden￿ knoMrirKJ that W8 have a un@ue role, privilege and reSpo￿￿lIrtY to
continue to prodairn the message of the death and resurrection of Jesus Christ through Th8 Garden Tomb. The Board of
Tnjstees eontinues to remew opportunities to extend the rea¢h of the Gard&n Tomb's ministiies in line with OUr￿M$, set out
abovtr.
Reserve5 Poli¢y
It is the policy Df th? Charty to continu8 to malntain un￿tricted fijnds, kvhieh are the free reserves of the Chartty, at a level
that equates to not lèss than six months unrestricted expand￿re to pro￿lde adequate funds to cover all tsgulaAy incurred
expenditure, as wèll 8S 8ny uneyctsd Costs that may artse from timé to tirne.
Structure. Governance and iltsnagement
Risk Aqanagement
Tre Trustees have examined thè major strategic, business and operallonal risks which the Charity fac￿, and confjnn that
systerns have been &stsblished to enabk regular reports to be projuced so thatth6 nec&8sary stops can te taken to M￿gate
those risks.
Trainlng and Appointment of New T￿￿tse$
The Ttustee5' policy is to identsfy commtied Chrtstiarts who ar8 sensthve to our ministy 8nd who have particular experti%e or
application that WOU￿ fvrther the work of The Garden Tomb so as to ensur& 8 srnooth irttegration Df Board members as
others retire.

The Garden Tomb (Jèrusalem) Association
Trustees, Responsibilities in relation to the Flnan¢ial Statements
The Trustees are responsible for pr&paring the Report of the Trustees and the financial statements in
accordan￿ with applicablè law and United Kingdom A￿UntIng Standards {United ifjngdom Generally
A￿pted Accounting Practice).
The law applicable to charities in England and Walès requires the Trust&5 to prepare fmancial slalemenls for
each financial yèar which give ? true and lair view of the state of affairs of the Chsrity and of the incomirtg
resources and appli(3tion of resources of the Charty for that period. In preparing these financial statements,
tha Trustees are required to..
select surtable accounting polieies 2nd then app￿ them consistenty,
observe the methods and principles in the Charthes SORP.,
make judgem8nts and estimates tha are reasonable and prudent.
gtate whether applicable accciunting standards have b&2n followed, subject to any material departures
disclosed and explained in the financial statements,. and
prepare the finanaal statements on a going GOn￿rn basis unless it is inappropriate to presume that the
Chatttywill Continue in busin&%s.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable ￿uraCY,
at any time, the financial position of the Chartty snd enable them to ensure that the financA81 statements ¢ompty
wlth the Companies Act 2006. They are also responsible for safeguarding the assets of the Charty and hence
fortaking reasonable steps for the prevention and detectK)n of fraud and other irroguEarities.
Statement as to disclosure of information to Independent Examiner
So far as the Trustees are aware, there is no relewanl information las defined by Section 418 of the Companies
Act 20061 of wht¢h the Charws auditors are unaware, and each Trustee has taken all the steps they ought to
have takan as a trustee in order lo make them awar& of any audr( inforniation and lo establish that the Charitls
auditors are aware of that information.
Indèpendent Exarniner
The Independent Examirter, AJ Bennewith, will be proposed for rè4ppointment al the forthcoming Annual
General Meeting.
Approved by the Trustees and slgned on their behaK by.
P K8ay$, Chairman

Tho Garden Tomb {Jerusaleml Association
In
endent Examinerfs Re
ort to the Trustees of
Garden Tomb
Jentsalem
ciatlon
Indepandent examine￿$ report to the trnstses of Garden Tomb (Jernsaleml A%socSation
I report to thè charity trustees on my examination of the aceouFts of the Company forthè year ended 31 De￿mber 2023.
Responsibllities and basis of report
As the Charivs Trustees of the Company land aL80 its Directors for the purposes of company law) you are responsible for
the pr8psration of the accounts in accordanTr the requirements of the Companies Act 2006 Ilhe 2006 Acn_
Having gatisfied myself that the accounts of the Company are not r¢quired to be audited under Part 16 of the 2008 Act and
are eligible for independent examination, I r&port in respect of my examination of your Charity's accounts as carried out
under section 145 of the Cha￿tIeS Act 2011 (the 2011 ACV). In carrying out my examination I have followed the Directions
given by the Charity Commission under section 145{5) (bl of the 2011 Act.
Indèpendent examinèrfs slatement
I have Completed my examination. I confim) that no matters have com# to my attention in connection with the 6xamination
grvtng me cause to believe-
accounting records were not kept in resp6ct of the Company as Niul￿d by section 386 of the A¢t-. or
thè accounts do not accord with those records-, or
thè accounts not comply with the accounting requiremenls of sectron 396 of the 20[￿ Act other than any requirement
that thè accounts gwe a true and fairview which is not a matter c4)nsidered as part of an indÈt*ndent examination-. or
th& accounts have not been prepared in a¢cordance with the methods and prinaples of the Statement of R8cornmenOed
Practi￿ for acettunting and reporting by ¢harities lapplicable to Charities prèparing their aco)unts in accordance with the
Finan¢ial Reporting Standard applicable in thè UK and Republic of Ireland IFRS 102)].
I have no concerns and have come across no other matters in etsnnection wtth the wmination to which attention should be
drawn in this report in orderto enable a proper understanding of thè a¢￿￿nts lo be reachèd_
A J Bennewith FCA, FCPA, FF4 FFTA, FIPA, DChA, FRSA
Upper Ground Floor
18 Farnham Road
Guildford
Surroy
GU1 4XA

The Garden Tomb (Jerusalem) Association
Statement of Financial Activities
for the Year Ended 31 December 2023
Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
No
INCOMING RESOURCES
Incoming resources from charitable actlvff(ies
Voluntary inccAme- Donations and gifts
Incoming resources from generated funds
Investment income
Other incoming resourees
Total inwmlng resources
612,055
612,055
252.766
11,618
129.034
11,618
129,034
752,707
5,155
190.066
752,707
447,987
RESOURCES EXPENDED
Charitable activitses
Charttable activity
Governan￿ costs
757.501
9,358
757,501
9,358
766.859
S92,200
18,340
Total resources expended
766,859
1,010.540
Net resourc8s incomingllexpended)
114,152)
(14.1521
1562,553)
Net gainslllosses) on investments
Realised
Unrealised
5,052
37.207
5.052
37.207
61,804
(87,772)
Net movemgnt in funds
28.1
28,107
(588,521)
Fund balances brought forovard atstart of year
3.023,786
3,023,786
3,612.307
Fund balances carned forward at end of year
£ 3,051,893
£ 3,051,893
£ 3,D23.786

The Garden Tomb lJ9rusalem) Association
Balance Sheèt
as at 31 December 2023
Note
2023
2022
Non current assèts
Tangible fixpA assets
Investments
Debtors falling due after one year
1,271,532
787,117
S44,420
2,703.069
10
12
1.191,573
545,270
T74,026
2,510,869
Current assets
Debtors". amounts falling due wthin one year
Cash deposits a brokers
Cash at bank and in hand
11
10,143
21,453
369,293
400,889
202,850
254.863
85,948
543,661
Credltors
Amounts falling due within one year
13
52,065
30.744
Nèt current assets
348,824
512,917
Net Assets
£ 3,051,893
£ 3,023.786
Unrestricted funds
General fund
Revaluation reserve
14
2,614,161
437,732
2,623,261
400,525
Total fuods
For the finan¢ial year in question, the company was entitted to exemption under section 477 of the CcKnpani&s Act
2006 relating to small companies.
No members have required the company lo obtsn an audit of ts a¢xounts for the year in question in accordance with
section 476 of the Companies Act 2006.
The Directors aCkn￿edge their responsibilty fpr comptying with the requitEments of the Act with respect to
accounting rewrds and for the preparation of the accounts.
These accounts have beeTr prepared in accordance wi(h the provisions applicable to cornpanies subject lo the small
companies wime.
The financial stalernents were approved in principle by the Board of Trustee5 at their meeting in .
were fomially signed off by the FinanTr Com itt that acts on behalf of the Board of Trustees (which ES itself made
p of Trustees and Treasurer @t¢) on . 10
. and were signed on its behalf by P Keeys- Chairman
On behalf of the trustees".
P K*ys Ichaimianl

Th¢ Garden Tomb (Jerusa5eml Association
Cashflow Statement
for the Year Ended 31 Decemb
023
Notès
2023
2022
Cashfiows from oparating activities
Net expenditure forthe year (from Statement of Finaneial Activitie8}
Adjusted for.
Depreeiation
Gains on invesbnents
Dwidends and bank intsrest
Decreasal(In¢reasel in Debtors
(DeCreaSe)Jln￿ea$e in Creciitors
GainAoss on dtsposai
28,107
1588.5211
139,886
(42,259)
(11,6181
322,313
21.321
132.924
25,968
15,1551
122.255
112,053)
60,507
Net cashflows from operating actIv￿eS
457,550
1264,0751
Cashflows from investing activities
Dividends and bank interest
Purchase of tangible assets
Net proceeds from sale of invesknents
Affjulsition of investments
11,618
(219,6461
160,013
(359,601)
5,15S
440,414
{322,8381
Net cash used in Investing act5vlties
407,6161
122.731
Net cash (utilised)Igenerated In the year frorn all activities
49,935
£ {141,344)
Cash and cash equivalents brought foryrdrd at the beginning of the year
Cash * brokers
Cash at bank and in hand
254,863
85,948
340,811
225,981
256.174
482,155
Cash and cash equivalents carried forward at the end of the year
Cash at brokers
Cash al bank and in hand
21.453
369,293
390,746
254.863
85.948
340,811
Net Idecreasgvincrease in cash and cash equlvalents over the year
49,935
141,3M)

The Gardèn Tomb {Jerusaleml Association
otes fomiin
for the
art of the financial ststements
ar endÈd 31 Decembar 2023
1. Principal accounting policies
a. Basis of preparing the financiat ststements
The finaftctal statements of the charitable company. which is a public benefft entity under FRS 102, h8ve been
prepsred in accordance with the Charities SORP IFRS 102) 'Accounting and Reporting by Ch8rities'.
Statement of Recommended Practice applicable tc> charibes Preparing their accounts in accordance the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January
2015),, Finan￿￿ Reporting Standard 102 'The FInancial Reporting Stat￿ard applicable in the UK and Republic
of IreIand' and the Companies Act 2006. The financial statements have been prepared under the historic cost
convention.
b. Incoming resources
All incoming resoLJrttès are included in the SOFA when the Charity is legally entitled to the income and the
amount can b& quantified ￿1th reasonsble a￿Urary. Investment intA)me is induded when it is receivable by
the Charty.
c. Rèsources expended
Ail expenditure is accounted for on an accrua￿ basis and has been classified under h￿dIng$ that aggregate
all costs related lo a category. Govemance costs are those incurred for the running of the charity ttself as an
organisation.
d. Tangible fixed assets and depreciation
Tangiblè fixed assets are capttalised and included at cost induding any inidentsl costs of acquiS￿on.
Depreciation is provlded al the following rates so as to wrlte off each tangibie fixed asset over its u$efvl
economic life..
Buildin9 & renovation
Tomb project
20% on cost
100A on cost
Land has not been 12Pitalised due to the significant dtfficujty of valuing the unique Jerusalem site. The etrst of
the land when purchaseci in 1894 was £2,000.
Freehold buildings at the Jerusalem site are ststed at 1994 v21uat.on and have not been depreciated.
Finaneial Reporbng Standard 17 requires freehold propttty to be depreaaled. The standard has not been
complièd wth in this Gase as the Trustees wnsider the usefvl economic lrfe of the buildings to be su¢h that the
depreciation Charge would have no material effeot on the finanual stslements.
e. Investments
Invesbnents are stated at market value at the balance sheet date. The SOFA includes the net gains and
losses arising on revaluations and disposals throughout the year.
f. Foreign currnncies
Specffic transath.ons in foreign currencies are translated into sterling at the exchange rate in operation at the
date of the transacton. Transactions througoLrt the year are translated at the average exchange rates for the
year. Monetary ?ssets and liabilrties are retranslated at the rate of exchange rulSng at the balance sheet clate.
l thfferences ?re taken to the SOF
g. Taxation
The Charty is exempt from corporation tax on its eharitable activities.
h. Fund aeeounttng
Unrestricted fvnds can be used in accordance with the charitsblè objectNes at th& discretion tsf the Trustees.
RestriGtecl funds CAn only be used for parttcular restricted purposes within the objects of the Charity.
Restrictions arise ￿en specified by the donor orthen ftjnds a￿ rai8ed for parbcular rèstricted purposes.
Further explanation of the na￿reS and purpose of each fijnd is included in the notes to the finanaal
statements.

The Garden Tomb (Jerusalèm) Association
Tolal
2023
Total
2022
UK
Israel
2. Incoming resources from charltsble activttses
Donations and gifts
other donations and gffts
612.055
£ 612.055
612,055
£ 612,055
252,766
£ 252,766
3. Investment income
Bank interest
Dividends and ffxed int8rest
466
11,152
£ 11,618
468
11,152
11,618
5.133
5,155
4. Othar incoming resources
Management fees from Arnut2h
129,034
£ 129,034
129,034
£ 129,034
190,066
£ 190,066
10

The Garden Tomb (Jerusalem) Association
Total
2023
Total
2022
UK
Israel
5. Direct charttable expenditure
Accountancy. payroll & bookkeeping
lowances for wmrnunity guides
Bank charges & platfom fees
Depwiation
Building & renovations
Tomb project
Exchange rate IgainslAosses
Insuranee
Investment broker fees
IT costs
Legal and professional fees
Recruitment
Property rerrtal
Site security
Repairs and maintenance
Salary and pension Gosts
Othér employee expenses
Ex gratta I Severan￿ pay
Contraciors
Events
Book royalies
Sundry expenses and staff gits
Travel - Gommunty guides, staff
Covid loan write off
Loss on disposal of assets
10,320
10,320
49,290
3,904
10.949
60,238
3,163
49,290
326
3,578
117.721
21,￿5
117,721
21,965
89,115
2,679
8,289
29,535
117.721
9,516
165,735)
2.658
6,767
31,597
14,687
89,115
2,679
8,289
29,535
4,794
4,794
80.318
17,399
1.57S
120.232
3,932
80,318
17,399
44,425
1,575
120,232
3,932
145,957
30,867
1,501
5,474
1.501
5.474
1,862
2.109
103
26,981
482,142
60,507
41.6S2
41.S52
147,804
147,804
£ 315,7J3
£ 441.798
£ 757,501
992,200
Governance costs
Independent Examination
Council and staff travel expenses
Legal and professior2al fees
HonoT3ria
4,800
2,891
1,667
4.800
2.891
4,800
1,807
2,733
9,000
£ 9.358
9,358
18,340
Tolal reSou￿eS expended
£ 325 061
£ 441,798
£ 786,859
£ 1.010,540
6. Staff costs
The average weekly number of employees during the yearwas..
The costs of employtng those staff were:
Salaries and wages - UK
Social securty costs- UK
Pension scheme- UK
2023
2022
92,505
95,100
3,251
2.372
24,476
48,485
£ 120,232
145,957
During 2023, one employee was paid between £60,000 and £70,000 in¢luding pension and employers
national insuran¢9 conthbutions (2021" One employee betsveen £70,000 and £80,OC¥)).
The Charity makes contributions into its approved UK AutTrenrolment pension scheme.

The Garden Tomb (Jerusaieml ASS0¢￿tiOn
7. Trusts8s' and reEatsd partie8. r*muneratioN and ben¢fits
The Charity is ctsntrolled by its Truste•s who a￿ aL8o its Llrectors. None of the Trustees are remunerated.
In addthon. key mana9ernent personnel wete paid £120,rJ2 in remuneratv)n, emplO￿rS national in$urance and pension
ntributions dtsring 2023 P022.. £131,782).
8. Relat+d partiè$ transa¢tions
The Gatden Tomb (Jèrusaleml Asso¢t8tioll UK has trans8cions wth Garden Ton7b Jerusalem. a notfor profitAs50CEtion
registered and operating in IsraÈl, Israeli Soaetiès Registrar numt>&r 580656165.
Both the UK entity and the Israeli entty h8ve sever81 btratd members in cx)mmon.
Related parbes transactions represent payments for the continuing Assouation opÈration5 durin9 the yearand previous years,
whith lead to dÈb¢t or credit balan￿ at the date of Balanc8 Sheet
Start-u
rovided
rden Tomb J
sale
Isrd81
m The Gar
n Tomb
alem
Assoa
tion UK-
On August2018, an intsr&st free loan agreernentwas agreed between the two entthes for an amountof NIS 1,617,000.
1£379.0761. Th& loan was obtained forthe p￿￿OSe of maintsining operath)n8 in IsRel.
During the year 2023. Garden Tomb Istsel repaid to the UKthe total amount of £79.828. The loan princ4)al as at December31
2023 w¥$ NIS 1.397,6071£2992481.
arden Tomb Jèrusalern
Israel
m The Gard n Tomb
A$￿￿atrOn
During year2022, Garden Tomb Israel obtsined loans from G8r(len Tomb UKforthe balan￿ of ￿0$,517 INIS 879,7501,
for the purpose of tnaintaining AsswatioTr operation5.
During 2023, Garden Torr￿ Israel repaid £58,773 tD the UK. As 0131 DeC£m￿r2023, the UK Board approved to wrfte off thi$
loan and re¢ogni5e the amount rf£147,804 INIS 7TO,0531 as a dctnation tts the Is￿￿11 As50oation.
cha
In 2019, the Garden Tomb Jewsaletn signed 8 servi￿ agreementwth the UKA5souation forthe purpose of establtshing
responsibilthes and obligations of both parbes and Servi￿ to be provided by the UKAssoraaion towards Garden Tomb
Jerusalem Israel. As stated in the agreement the reapient of the servi￿S IGardEn Tomb Jèrusalem Israel) $hall pay th8
provider (Garden Tomb Jerusalem Assouation UK) a monthEy fee of $20,000 USD less voluntser8 expenses covered by thè
Garden Tomb Jerus81em Ista21. For the year2023. the UK tharged Israel servtro (*Èrge fees for£129.0341$160.000 USD).
From Au9USt 2023 to the year end 2023. the fees forthe ￿malning months of the yeaT1$60,000 USD) were exemptsd.
At31 D￿mber 2023 the atnount owed to the UKfrom Israel w&s £345,172 INIS 1,812,090).
g. Tangible fix￿ assets
FreÈhokl
buildings
Building
& renovations
Tomb
Project
Total
1 Janu8ry 2023
Addthons
Disposals
31 De￿bEr2D23
973,618
588,6Q3
1,562,421
219,646
219,646
588.6C13
219,646
1.782,067
Depreciatif)
1 January 2023
Cha￿e for year
Elirnination on disp¢)sal
31 Dec6mbar 2023
370,848
117,721
370,848
139.686
21.965
488,569
21,965
510,534
Nat book values
31 D*￿mbEr 2023
973.818
100,034
£ 1,271.532
31 ￿e￿mber 21
973.818
217.755
£ 1.191,573
The value of the freehold buildings is Epresented by..
2023
2022
Rev8lu8tton in 1994
Subsequent cost
530,045
530,045
443.773
443.773
£ gn,818 £ 973,818
12

The Garden Tomb {JerusalÈml Association
10. Investments
2023
2022
Market value at start of year
Acquisitions at cost
Nel sale prO￿ed8 from disposals
Net realis￿ gains on disposals
Net Unreal￿ed gain￿110S$es) on revaluation
Movement in exGhange rates
Market value at end of year
545,270
359,601
(160,0131
5.052
43,254
16,04n
£ 787,117
688,815
322,838
(440,414}
61.804
{125,2621
37,490
£ 545,270
Historical Gost al ènd of yvar
£ 706,171
£ 507,585
All investments are listed on a recognised 8tock exchange and are représented by.
Fixed interest securities
UK equity shares
181,010
162
Non-UK equity sharès
AMernalrrf& funds
461,721
144,225
787,117
Tl,698
238
326,005
141,330
545.270
11. Debtors-. arnounts falling due within one year
Prepayments and accrued income..
UK
Loan to employee
Israel Shop pur¢hases
Loan to Amutah on fomiation
Management fees -knulah
2022 Comd Loan to Amutah .
10,143
8,892
3.4C(I
1,582
72.765
75,099
41.112
10,143
£ 202,850
. The board after discussion with the Israeli Amutah and Management agreed to write off the
remainder ofthe 2022 Comd Loan. The value ofthe debt when wriiten off was £147.804.
11 Long tern) debtors {24 years)
Loan to Amutah on fonnation
Management fees- Amutah
2022 Cowd Loan loAmutah"
299,248
345,172
306.311
302,250
165,465
£ 644.420
£ 774,026
. The board after discU￿10n wth th8 Israeli Amulah and Management a9rÈed to wrtte r)fFthe
remainder of the 2022 Covid Loan. The value ofthe debt when written off Wds £147.804.
13. Creditors: amounts frdlling due within one year
A¢crued expens&%:
UK
Tomb Project amounts owed to Amutah
Warehouse rent
16,833
27,255
7,977
30.744
52,085
£ 30,744
13

The Gardan Tomb (Jerusalem) Association
14. Movement in funds
The movement on funds for2023 is as follows:
Balan￿ as at
1 January
2023
Net
movement in
funds
Balance as at
31 DFL@mber
2023
All funds ?re UnrEstricted.
General fLtnd$
2,623,261
400,525
£ 3,023,786
(9.1001
37,207
28,107
£2,814,161
437,732
£ 3,051,893
Revaluation reseNe
Net movemènt in funds, included above, is as follows..
Incoming
resour
Resources
expended
Movement in
funds
Unrestricted funds."
General fvnds
757.759
766,859
{9,1001
37,207
28.107
Revaluation reseNe
37.207
794,966
Total funds
766,859
15. Comparative movemènt in funds
The movement on funds for 2022 is as follows..
Balan(* as at
1 January
2022
Net
movement in
fiJnds
Balan¢e as at
31 December
2022
All funds are Unrestricted.
General funds
3,124,010
{500,7491
£2,623.261
Revaluation r&setve
488,297
187.772)
400.525
£ 3,612,307
£ 1588,521
£ 3,023 786
Net movement in funds, included above. is as follows:
Incoming
resources
Resources
expended
Movement in
funds
Unrestricted funds:
General funds
509,791
1,010,540
{500,749)
Revduation reserve
(87,772)
187,772)
Total funds
£ 422.
19
£ 1,010,540
588,521
14