The Garden Tomb (Jerusalem) Association (A company lyniled by guarantee) Rep)rt of ￿ TrLtstees and Financial Slatements Year eThJed: 31 t)ecember 2024 Charrty no.. 1144197 Ccryany 7591911 Bennthwith 2018 Lwnited (Statutory Audito￿) Upper Ground Floor 18 Famham Ro*J GuIkJl￿d SU￿eY GU14XA 11111 1111 *AEBZ4LT6' A17 *138 COMPANIES frKXJSE The Garden Tomb {Jèrusalem) Association Contents Page Referen￿ and administrative information Report of the Trustees 24 Report of the Independerrt Examiner Statement of Finanekql Aetmtres Babnce Sheet Cashfbw statement Notes fomiing part of the Finanoal St*ments 9*14 The Garden Tomb (Jerusalem) AssocSatlon dminlstrative inf0m￿tI0Th President: Revd. P C Wea¥er Truslees and CouTrcll Members: P Keeys (Chairman) SDKing A Laing KJRyan &r C J Pb)are 8t. F T Saundetson M E AldrKlge Pwmayo (re-appointed July 2024) (resigned April 20251 (resigned January 2025} Jerusalem Dlffector. S Hc1l￿d Charlty NUMI￿r. 1144197 Company Number: 7591911 Charity Office: PO Box 19462 Jerusalem Israd 91193 Registered oifice: A J Bennvwilh & Co Upper GrouThJ Fthr. 18 Famham Road Guithird Surrey GU14X4 UK Corrnsponden¢e Address: A J Benn8with & Co lknt Ground FkKJr. 18 Famhar Road Guithird SuT￿Y GU14XA Bank•rs". Barclays Bank P 4-5 Sojthgate Street 11AQ Independent Examlner. A J Bennthvrth FCA. FCPA. FFA. FIPA, DChA, FRSA Upper Ground FbN. 18 Famham Road Guiword Surrey GU14XA Investment rnanager5: Bor(lier & c￿ (UK) PLC 22 King Street St James's London SW1Y6QY The Garden Tomb (Jerusalem) A$s￿lation Re ort of the DifectorsThrustees for the ear ended 31 December 2024 The Trustees a￿ also D1￿Clor$ of the Charity for the purposes of the Companies kl 20C6, present their report along th the finantyal ststements of the Charity for the year ended 31 Decernber 2024. The Company is limited by Guarantee and also a registered Charity. The Trustees have adopted the provision of Accounting and Reporting by Charities.. Slaten*nt of Recommended Pra¢ti¢e applicable to charrties preparing their accounts in a¢¢ordance the Financial Reporting Standard in the UK and Republic of Ireland {FRS 102) leffective 1 January 20151. The Trustee5 have had regard to the gUIdar￿ on public benefft publshed by the Ch￿ty Commission in exerasing their po￿T$ or dut￿5. What 15 Th8 Garden Tomb? Since 1894. the Garden Ton*•. in East Jerusalem, has been maintsined ty The Garden Tomb (Jefusaseml AssOc￿tIOn, UK Charitable Trust, as a place of Christian wrrship, vthess lo and reflecth?n of the lrfe. death and resurrection of Jesus the Messi8h. Whilst many bel*ve this lo be the garden and tomb in vthich Jesus ol Nazareth ￿as buried after his ¢w¢ifixion and fr¢)m *•thi¢h he vras raise(1 the dead. * do not krmjw this for certain. HO￿ever. V•e are committed to preserving the stie as a place vthere people can refiect on the Messiah's sacrifKe and Vid￿ seen in Hi5 death and resurreclion. vAth the beauty of the garden beiThJ a p￿rfvI visual remir)der of these event5. Constitution The Garden Tomb (JènJsalem) Asso)"atiM was incorporated and re9Stered *fjth the Charty Commission in 2011 and commenced trading on 1st January. 2013 having taken over the business, assets and undertaking of an unincorporated registered chafity (number 10040621, of the sa￿￿ name. The Trustees transferred the business, a5se15 and undertaking of the previous Charrty tnto Ihi5 Charty lo maintsin the operation$ of The Garden Tomb in line ￿th cyr￿n1 Charity govemance aNI legislation. Both Charities have the same oble￿.¥eS. Our Aim To declare the message ol Jesus CM"sfs death ar#Y wurre¢tw to everyo￿ t*kno vtsits the garden and to prodaim the victory of His sacnfice in opening the ￿aY for all people to receive forgiveness and reconciliation with God the Father. To this end. The Garden Tomb is rnaintained a5 3 plao of V•itness and VKffship, vknere the beauty of the garden and the integrity of the me$saye %wrk tc4Jelher to provide a pl¥e *there everyo￿ Can erKounter the presen¢e of the risen Christ. Our Activiti•s Tours: our mulb-national leam of guides is availai4e to provth tours ￿￿nd the garden to all visilors - Ntherever possible in a visitorfs first language, or throLFgh translation. Leaflets are also freely availabbe in over 30 lan9uages for the benefft of visitors Ntho y￿ are unable to guide in their language. DurirKJ a typical tour, they V•ill be shoym 8 face knoym as Skull Hill or Gordon's Golgotha, being a pos$iWe l¢xation for the ¢ru¢ffixi¢)n of Jesus Christ, together ¥￿th a nearby rolling-stone tomb carved into the rock 7Athere His body may have lain and. if so, from where He triumphantly rose from the dead. Meeting Are4$: foll¢)V•ing a tour. Chrislièn gfoL41S a￿ offered the opp)rtunty to hold a communion Service, or a Meeting in a designated area set asKle for relle¢b"on artd ¢e*brntK*n. A Quiet Plac•: for individual visitors. or those not requiTirvJ a Meetin9 area, there are nu￿￿rOUS pfaces afound the garden Nthere it is possible to take time to reffiect on the beauty of the garden and on the significance ol the message of Salvation in Christ Jesus. Our T•am The ministry of The Gaiden Tomb is blought to lrfe by a mu￿nall￿1 team of bcal staff and overseas volunteers led by Simon Holland who apF4>nled LI￿¢t￿ in January 2023. Believers from Israel and Pale$tine V*vrk alongside Christian believers from around the in living the lrfe of 'Unty in Messiah Jeyjs. and ￿ wesenting the 'Good News, of Christ crucified and raised lo lrfe. How We Operate During 2018, the day-tfrday 0￿ration of the Garden Tomb thps tran$ferre1¢rs and in¢ryne thè Charity's lnbvtw￿ts. Grft$ rewesenl th¥ amount$ given to ihe Charily by intemational supporters of the Garden Tomb_ Fulure Pl•n$ We continue to look ahead to the I￿Ure wth (x)nfidence knfming Ihat we have a unique role. pri￿lege and ￿$￿%)nSIbl1￿Y lo continue to prodaim the message of the death and resurrection of Jesus Christ through The Garden Tomb. The Board of Tfu$lees continues to review opportunth.es lo exlend reach of the Garden Tomb's ministries in line with Our Aims, set OLtt above. Ro￿1¥¢8 Poli¢y It is Ihe policy of the Charity to conlinue lo maintain uNestricled fund5, are the free reserbES of the Charity. at a level that equates to not less than six months unreslriaed eXpenJrtu￿ lo pro￿de adequate fvnds to ower 811 wulaty In￿rIed expenthture, as well as any unexpected costs thal may arise from time to tiw*. FAN¢ture. Govern•n¢e and Management Rl8k Management The Trustees have examined the fflai)r strateg￿. business and operational risks which the Charty faces. and confirm that syslems have been established to enatAe regular repNts lo be W0￿Ce￿ $0 Ihal tr* r*cessary steps can be tsken lo mibg81e those risks. Training and Appointment of New Trustees The Trustees, policy is to identify committed Christsans who are sensiti4t to our minisiry and who have particukr expertise or applicatiorb Ihal would lurther the work of The G¥den Tomb so as lo ensu￿ a smooth inlegratM)n ol Board members as olhets retire. The Garden Tomb {Jerusalem) AssocIat￿n Trustees. Responsibilities in relation to the Financial Statements The Trustees are responsible for preparin9 the Report of the Trustees ar￿ the financrdl statements in accordance wrth applicable la4¥ and Unled lfjrydom Accounting Stsntlartls (Unrted Kingthim Generally Accepted Accounting Prac1￿e). The law applicable to eharrties in EngL8nd an(1 Wales requires Ihe Trustees to p￿pare financial slalemenls for each financial year wh￿h gNe a true and fa￿ view of the state of affairs of the Charity and of the incoming resources arKI application of resources of the Chanty for that per￿. In preparing these financial slalements. the Trustees are required to.. Se￿et suitable accc¥Jnting poI￿leS and then appty them consistenttr. observe the methods and principks in the CharrtEs SORP., make judgements and estimate5 that are reasonable and prLtht", slate whether applicab￿ accounting slan(lar(Is ha￿ been follwd. subject lo any material deparlures disclosed arKI explained in the financial statements-. and prepare the financial statements on a going concern bssts Un￿ it is inappropriate lo presume that the Charty wll continue #i business. The Trustees a￿ responsible for keepirwj suftierrt accounting T￿OrdS thal dI￿￿)$e wilh reasonable accuracy, al any time. the financial position of the Charity and enabk them to ensure that the financol ststemenls comp wrth the Companies Act 21KIS. They are also responsib￿ for safeguarding the assets of the Charrty and hence for taking reasonable steps for the prevention aThJ deleclw of fraud and ￿er irreguLaritiEs. SLitèment as to disclosure of infomlation to Independent Examlner So far a5 the Trustees are aware. there no rdevant infcffiialion las defI￿d by Section 418 of the Companies Act 20(￿) of wh￿h the Chantys auditors are unavrdre. and e&h Trustee has taken all the steps they ought lo have laken as a trustee in order lo mthe them •¥￿ of any audit inf0mlat￿ aThJ to esta￿lSh that the Charity's auditofs are aware of th* infom)alion_ Independent Examiner The Independent Examiner. AJ ￿ne￿ilh. be prcposed for repapwntrnent at the forthcoming Annual General Meeting. Approved by the Trustees and signed on their bew ty. P Keeys, Chairnb•n The Garden Tomb (Jerusalgml Association Inde ndent Examinerfs Re ort to the Trustees of The Garden Tomb Jerusalem A550ciation Independent examlner's report to the trustees of Garden Tomb (Jerusalem) Association I report lo the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. Responslbllltles arnd basis of report As the Charity's Trustees of the Company land also its Directors for the purposes of company law) you are responsible for the preparalion of the accounts in accordance with the requirements of the Companies Act 20D61'lh& 20tE Acl,). Having satisfied myself that the accounts of the Company are not required lo be aLKlited unde¥ Part 16 of the 2006 Act and are eligible for independent examinati￿. I report in respect of my examination of your Charity's accounts as carrieil out under section 145 of the Chanties Act 2011 I'lhe 2011 Ad,). In Carrying out my examination I hwe followed the Directions given by the Charity Commission under section 145{51 Ib) of the 2011 Act. Independent examlner's statement I have completed my examination. l confirm that no matters have Come to my attenb'on in Connèction with the examination giving me ￿U$0 lo believe.. accounting records were not kept in respect of the Company ès required by section 386 of the Act.. or the accounts do not accord wlh those recoids", or the accounts do not comply with the accountsng requ1￿mentS of section 396 of the 2006 Act Dther than any requirement that the accounts give a liue and faif which is not a matter considered as part of an independent examination.. or the accounts have not been prepare(J in accordance the methods and principles of the Slalemenl of Recommended Practice for accounting and reporting by charitses lapplicable lo charities P￿Paring 1heir accounts in 8ceordance with the Financial Reporting Standard applicable in the UK and RepuNic of IrelarHI (FRS 10211. I have no concems and have come xross no other matters in connection with the examinat￿0 to which attention should be drawn in this repcrft in order to enable a proper understanding ol the accounts to be reached. A J Bennewith FCA. FCPA, FFA. F￿A, FIPA, OChA. FRSA Upper Grounrl Floor 18 Famham Road Guildford Surrey GU14XA Dated.. 2025 Garden Tomb (Jen￿leM) Assoclatlon ststement of Financial Activities for the Year Ended 310ecember 2024 Unrestr￿ted RestrKted Funtr. Fund: T￿al Total 20?3 Notes INCOMING RESOURCES Incoming resou￿¢$ from ¢haritablg athities Voluntary in¢ome- Donat￿nS and grfts Incoming resources from generated funds Investment income Other Incoming resources Total incomlng resources 485.973 . 485,973 612.055 10.433 93 10,433 93 11,618 129,034 496.499 4*,499 752,707 RESOURCES EXPENDED Charitable activitie5 Charitable aclivity Govemance costs 475,191 12.703 47S.191 12,703 757,501 9,358 T¢)tsl resources expended 487,894 487.894 766,859 Nel resources in¢omingl{expended) 8.605 8.60S 114.1521 Net gainslllosses) on investh)ents Realised Unrealised 15.2 36.780 15.2 36,780 5.052 37,207 Nèt mov•ment in funds 60,675 60.675 28,107 Fund balan￿$ ￿Ought foNard at start ol year 3.051.893 3.051.893 3,023,786 Fund balances carrled forwanl at end of ￿ar £3.112.568 £ 3.112,568 £ 3,OS1.893 The Garylen Tomb lJew$alem) Assoclafjon 8alance Sheet as at 31 December 2024 Ncrtes 2024 2023 Non current assets Tangible r￿ed assets Investments Debtors falling due after one year 1.336.143 808,207 630,235 2,774.585 1,271.532 787,117 644.420 2,703,069 10 12 Current assets Debtors.. amounts faming due within one Cash deposrts at brokers Cash al bank and in hand 11 8,845 53.152 288,154 350.151 10,143 21.453 369.293 400.889 Creditors Amounts falling due within one year 13 12.168 52,065 Net ¢urr*nl assets 337.983 348,824 Net Assots £ 3.112.568 £ 3.051,893 Unrestrfcted funds General fur Revaluation reserve 14 2.638,056 474,512 2.614.161 437.732 Total funds For the financial year in quesb)n. the ¢c¥npany was enlrtled to exempkn urthr seckn.on 477 of Compan*s Act 2006 relating to small companies. No members have required the company to obtan an audit of ils a¢0￿nIS for the sear in QueS￿n in acCOrd￿Ce with section 476 of the Companies Act 20C6. The Directors aCknOw￿dge their ￿Sp¢￿SIbl1ty for comptyiNJ with the ￿uIreMents of the Act wth re4>ect lo a￿OuntIng records and for the preparation of the accounts. These accounts have been prepared n &cordarKe with the prowsN)rts applicab￿ to miipan*s subject to the small ompanies regime. The financial statements *Ere approved in wryile bythe Board of Trustees at their meetin9 in . re fomally signed off by the Finance Cornm￿ee that acts on behaff of the Board of Trustees {which is itsew made up of TnJslee5 and Treasurer etc) on ....... .. .. and thEre swned on rts behaff by P Keeys - Chaimwn On behalf of the trustees. P Keeys (Chairman) The Garden Tomb (Jerusalem) Associatlon Cashflow Statement for the Year Ended 31 December 2024 2024 2023 Cashflows from operating actlvitles Net expenditure lor the year (from Stalemenl of Finanual Activities) 60.675 28,107 Adjusted for: DepTeciolK•n Gain5 on investments Dividends arKI bank interest 142.733 152.070} 110.433} 15.483 139,8971 139,686 142,2591 111,6181 322,313 21,321 Decreasel{Increase) in Debtor5 (Decreaselllncrease in Credrtory Net cashflows from operatlng actlvlths 116.490 457.550 Cashflows from investing activit•es DivideThJs and bank interest PU￿hase of tangible assets Nel proceeds from sak of inveslments Acquisrtion of investrnents 10.433 {207.3431 149.040 {118.0601 11.618 {219.6461 160.013 {359,601) Net cash used in investing actr¥ities 165.930 407.616 Net cash {utlllsedllgenwat•d in th• year from all xlivil*s 49.440 49.935 Cash and eash equivalents brought forvArd at the l*ginning of the year Cash al bfokers Cash al bank and Wi hand 21.453 369,293 390.746 254,863 85,948 340,811 Cash and cash equivalents Canied foThvard at the end of the year Cash at brc&ers Cash at bank and in hand 53,152 288.154 341,3C6 21,453 9,293 390,746 Net IdKreasellincrease in cash and cash equlvalents ovorth• year 49.440 49,935 The Gard•n Tomb lJeru5alem) Associalion Notès fomiln far the rt of the financial statements ar Èndèd 31 Decembèr 2024 1. Principal accounting policies a. Basis of preparing the finan¢l•l slatsments The finanoal statements of the charilatAe company, wthich is a publÉ¢ benefrt entty under FRS 102, have been prepared in accordance *fjth the charib.es SORP IFRS 1021 'Accounting and Rek￿￿"ftg by Charrties.. Statement of Recommended PractKe applicable to charites p￿paring Iheir accounts in accordance with the Financial Reporting Stsndard applicable Mi the UK and Republi¢ of Ireland IFRS 1021 (effective 1 January 20151,. Financial Reporting Stsndard 102 'The Firta￿￿1 Reporting Stsndard applicable in the UK and Republi¢ of Ireland, and the Coryanies Ad 2006. The finawal slatements have been prepared under the histor￿ cost convention. Incoming resources All incoming resources are induded in ts SOFA when the Charity is legally entitled to the income and the amount can be quantif￿ with reasonable acrjjracy. Inves￿nt income i8 induded *then tt is receNable by the Charity. . Resour¢e$ •xw All expenditure is accounled lor on an aCt￿al$ ba￿$ and has been dassw Lfftder headirYJs thal aggregate all cos15 olaled to 8 category. GovematKe costs are lfv)se in￿￿ed for the wnning of the Charty itseff as an organisation. Tangibl• fix•d ass•ts and (knw•ciati* Tangible fixed assets are capitalised and included at cost ind[￿IrtY any incidentsl Costs of a¢qui$rtM)n. Depreaation is provided at the f￿l￿AIn9 rates so as to ￿lte off each tsngble fixed 8sset over 11$ usefvl economic lrfe.. Building & renovalims Tomb proFct 20% on cost 10% Dn cost Land has not been capitalised due to the significant drfthty of valuirvj Ihe unique Jerusalem site. The cost of the land ￿then purchased in 1894 wa5 £2.000. Freehold buildings al the Jerusalem srte a￿ staled at 1994 valuation arml have not been depreaated. Financial Reporting Stsndard 17 require$ freehold property to be depreaated. The standard has not been complied %%ith in this case as the Trustees consider the u3ehJl lrfe of the ￿lIding5 to be such that the epre¢iab"on charge M)uld have no material efle¢t ¢n tr finan¢ial st*ments. •. In¥•sthi•nts Investments a￿ stated at mwket value at the balance Sheet date. The SOFA includes the net gains and I0￿e5 arising on revaluatic￿ and dispos* {tr￿u9hr￿rt the year. f. Foreign currencies Specffi¢ transactions in I￿e19n currenc￿$ are translated into sterling at the exchange rate in operation at the dale of the transadion. Transacbons througoLrt the year are translated at the average excharvJe rates for the year. Monetary assets and 1rd￿.1￿leS we retranslated at the Tate of exthange ruling at the balarKe sheet dale. Al differences are taken to the SOFA. g. Taxatlon The Charity is exempt from Cofwakn tax on rts charitable acb"vths. h. Fund accounting Unre51ricted fund5 can be used in accordance the ¢harrtable obJe¢bves at the dis¢relion ol the Trustee$. Restricted funds can onty be used for parb"cular ￿sIn"¢te¢ wrF4)ses wthin the ¢)biecls of the Charrty. Reslrictjtsns arise speufied by the donor or ￿en fvnds are raised for particular restricted purposes. Further explanation of the nalures aThJ wrpose of each fund is A)clLthd in the rths to the f*)an¢ial statements. The Garden Tomb (Jerusalem} Association Total 2024 Total 2023 2. In¢oming resources from charitable activities -Donations and gifts . Donations DOr￿lOn$ In-KitvJ 473,373 12,600 612,055 £ 485,973 £ 612,055 3. Investment income Bank interest Dividends and fixed inlere5t 101 10.332 10.433 11.152 11,618 4. Other incoming res¢urc8s Management fees fr￿ AMUL PublicatKJn roYa￿leS 129.034 93 93 £ 129,034 10 The Garden Tomb (Jerusalfjm) Assoclation Total 2024 Total 2023 UK S. Dlrect charitsble expendllurn Accountancy. payroll & bookkeeping Allowances for ¢ommunty guKles Bank charges & plafform fees Depreciation Building & renovations Tomb project Exchange rate (gainsybsses Insurance Investment broker fees IT costs Recruitment Property ienlal Srte Security Repairs and maintenance Salary antl penston costs Other emplo>te expenses Contractors Advertising & promot￿1 Evenls Sundry expenses Travel- communty guides. staff Covid klan wrrte off Oonations Ou￿ardS 10.320 49,290 32,318 32.318 3,377 2.479 100.034 42,699 100,034 42,699 {1.6761 5.170 11.183 31,153 117.721 21.*5 89,115 2,679 8,289 29,535 4,794 80.318 17,399 1.575 120.232 3.932 1.501 11.676) 5.170 11.183 31,153 33.833 18,018 787 18.018 787 3.692 3.692 110 9.288 110 9.288 580 17,497 5.474 17.497 41.652 147.804 TT.324 77.324 £ 160.089 £ 315.102 £ 475,191 £ 757.501 Govemance ￿$ts Independent Examirhth"on Council travel and meetiro expenses Legal and professional fees 5.400 4.053 3,250 4,800 2.891 1.667 4.053 3,250 £ 12.703 12,703 9,358 Total resources expended t 172.792 £ 315.102 £ 487,894 £ 766,859 6. Slaff costs The aVer￿e weekly number of emph)Jtes during Ihe y w: 2024 2023 Costs of empbying those staff ¥￿￿". SaL4ries and wwJes- UK Social security costs- UK Pension ￿heMe- UK 73.344 1.767 5.333 80.444 92,505 3.251 24.476 £ 120.232 During 2024, no employees received emolurnents bettveen £60,OLhJ and £70.000. i￿luding pension aryl employers nat￿nal insurance tOntn"bUt￿ns(2O23.. One employee). During 2024 key manwjement personnd were paKI £80.444 in remuneratKffi, emptyers natK>nal insurance arKI pens￿ contributh)ns12023." £120,232). The Charity makes emtributions inlo rts approNed UK Autt>enrolment scheme. The Gardèn Tornb lJentsaleml As$o¢lation 7. TtU8lees' and related parties. rtmuner•li•n and bènefits The Chanty is cOrthl￿d by its Twslees who are abo its tArec1ry5. None ollhe Tru$*e$ ar• rnmunvrat8d. In 2024 Tr￿te*S in￿lled eyrws of £113 OTh travel rekted r05ts ￿bur5ed in full by the chafity12023.. £1,CQ91 8. Rtlated parti¢$ transactions The Garden T￿b lJerv$aTem}A8SOfiatv)n UK has transacl*Jns ￿ The Garden Tomb jeruSa￿m. a not for pyofft As8ociatK regIste￿d and operating in 15rael, Israeli Societ￿5 RegElrar number 58Cth8165. Both the UK erbtity aTrJ the Israeli entity havè several board ft*rnbe￿ in ccrnrnon. Related paibes tran5aL1￿$ ￿present payn*nls for Ihe continuing Associ•tKJn operatiws the year and previous year5, which lead lo debit or uedrt balances at the da* of Balan￿ Sheel Start-u an tovided to Garden Ttxrts Jerus L8rael frcfft The Gar¢en Ttyrt* JerUsa￿M iation IlK- On AugU$t 2018, an intefest free agreewÈnl was agreed be￿￿n the ents"i*s for an aTrxrst of NIS 1,617,CIXI. {£379,0761. The loan wa5 obtained for Ihe purpose of main¢ainirvJ ¢Jperalions In Isrzel. During year 2024. Garden Tomb Israel repoha to the UK the totsl ¥NJurrt Of£3.￿ INIS 14.7261. ban pnncipal as ai December 31 2024 was £292,302 INIS 1,382,881). Oihw trawc*ons Sa￿rn from The Ga nUK- Ouring the year 2024 Garden UK repa￿ in fvll the balan(z remainin9 beh*Ten efttth"e$ on fvnd$ spent ￿ Ihe asset 8ddits.on Tomb Prqect by Israel from 20231earty 2024 arrKJuntsTrJ lo £36,281 INIS 169,9951. serv￿ ar In 2019, the Gartlen Tc*nb Jerusa*m a Servi￿ ag￿eTh*￿ ¥rilh Ihe UK Assotyat￿ lor thè purpose of establishin9 responsknllt￿S and obligations of both part*5 and servKes lo be provided ty the UK AssoL¥ation towards Garden Tomb Jerusalem L8rael As stated in the agreweni W￿nI of Ihe seNios IGarden Jerusakm lsraell $hall pay the provider (Garden Tcfflb Jerusath Association UK) a fee of $20.(th USD ￿$5 volunteers eypenses covered by the Garden Tcmb JerUsa￿M Israel. For Ihe >ear 2024. the UK a9reed ttswaNe their rvjht 10 char9e Ihe monthty servKe ¢har9e f•$ulting in no transadcns of thi% nalure in 2024. Al 31 Deon*er 2024 the amount owed to Ihe UK from £337.933 INIS 1.598.762). One repaymentwas rnade during the year of E3.C67 INIS 14.7261 from Isrnel itsthe UK entity. Friends olthe Garden In F￿eThdS of the Garden Inc ￿ a rnn-profil North Arwrican corwJratK>n. h shares 3 boarf ￿rnb￿S with Garden Tomb lJerusaleml Associats"on UK. In 2024 Fr*TrJs of the Garden donated £243.0761$317,3761. Th* moneywa8 spent on Ihe dev8bpmeni ol Ihe upper and I￿￿ Deth proied other projects listed in Ihe Tru5t885 Report. Report on A￿l¥(b#S Sect￿n. 9. Tangiblo fix•d awts F￿ehO￿l b￿ld1r￿S Buikliry & renovations Tomb PropLI 1 January 2024 Addilions Dksposa15 31 Decethr 2024 973.818 219.646 207,343 1,782,067 207,343 973,818 426.989 1,989.410 D•preclation 1 January 2024 Charge foryear Elimination on disp￿1 31 Dffornbei 2024 Net book v•lu¢s 31 1)ecernbev 2024 21.965 42.699 510.534 142.733 1CQ.034 653.267 973.818 £ 1336.143 31 tknmbew 2023 973,818 1C(1,034 197.681 £ 1.271.533 The va￿0 ol the IreehoNI buildings is representrd by. 2024 2023 Revaluat￿Tr in 1994 Subsequent C05t 530,045 443.773 443,773 £ 973.818 £ 973.818 12 The Garden Tomb (Jentsaleml AssoclatSon 10. Investments 2024 2023 Mathel value at start of year Acquisrtions at cost Nel sale proceeds.from disposals-"-" ""-"""- - Net realised gains on disposals Nel unrealised gaIn￿{lo$Ses￿ on revaluation Movement in excharrfJe rates Market value al end of year 787.117 118.060 {149,0401 15.2SYI 38.870 12.0901 £ 808.207 545.270 359,601 1160,013}- 5,052 43,254 16,047) £ 787.117 Historical cost al end of year £ 69].178 £ 7(6.177 All investrnents are listed ￿ a rwnBed exchange and are represented by. Fixed interest securits'es 251.471 UK equrty shares 152 Non-UK equity shares 452,744 AltematNe lurKts 103.841 181.010 162 461,721 144.22S £ 787,117 £ 808.207 11. Debtors: amounts falling due within one year Prepayments and xcrued inwne.. UK 8.845 10.143 8.845 10,143 12. Long t•mi deblors124 years) Loan to Amulah on formal￿n Management fees- Amutsh 292.302 337.933 299,248 345,172 £ 630.235 £ 644.420 13. Cr•ditOf5: amounts falling due w6thin one year UK Tomb Project amounts tr*ed lo Amutah Warehouse rent 12.168 16.833 27.255 7,977 12,168 £ 52.065 13 The Garden Tomb (Jerusalem) Association 14. Movement in funds The movement on funds for 2024 is as fONC￿.. Balance as at 1 January 2024 Net movement in fvnds Balance as at 31 December 2024 All funds are UnrestrKled. General funds 2.614.161 23.89S £2,638,056 Revaluation reser¥e 437.732 £ 3,051,893 36.780 60,675 474,512 £ 3,112,568 Net movement in funds. included at4M. is as folk)ws: IneomiNJ resources Resources M¢)vement in funds Unrestrided fund$: General fvnds 511,789 36.780 487,894 23,895 36,780 Re￿alUat￿n reseThe Totsl funds £ 548,569 487,894 60.675 15. Compavative movement in funds The movement on fvTrJs for 2023 is as foll￿. Balartt as at 1 January 2023 Net movement in funds Balance a5 at 31 December 2023 All furKis are Unrestn"cted. General funds 2.623.261 19.1001 £2.614,161 Revaluation reseNe 4£KJ,525 37.207 437,732 £ 3.023,786 28.107 £ 3,051.893 Nel movement in fvnds. included above. is as ftlkyhs: Incoming Resources expended mov￿nent in funds Unrnstrided funds: General funds 757.759 766.859 {9,1001 Rw4IUat￿n rese￿8 37.207 37.207 Total funds £ 794,966 766.859 28,107 14