GINGKO (A company limited by guarantee) Report 2nd Financial Sr2temeots Yeat ended 31 Decanbet 2021 Clwity nutuber. 1158548 Colnpxny nurnber. 08565380
GtNGKO IIBRARY Contents Page 2 Ttustees, Report P2ge 10 Auditorfs Report Page 13 St2tement OE Financial Activities Page 14 Balance Sheet Page 15 Ststetnent of Cash Flows Py16 Note5 to the accounts
CFIN'CJKO I.IBR.IKI' Yi*t ctJdLxi 31 l)cc¢mr 2021 Ttustees, Report "lThe Trustees present their annual director5 report together with the au&ted fancIal ststements of the chariry for the }re2r enacd 31 Decembet 2021. The financjal ststements have been prepated in accordance with the accountsng pohcies set out in notes to thc accounts and compl! with the charity's goTr-erning document. the Charities Act 2011 and Ihe recommendations of the .SL1tement of Recummendcd Practice apph"cable io Chatities prcparing their accounts in 2ccordance with Financthl Reporting StsAdard apphcable in th¢ LIK and Repubhc of Ire12nd (FRS 102) (effectiErc l January 2019). Hatry, Hall. Chair of "frustees
GINGKO UBRAKY (knr Purposes and Activities The Truste¢s proInote and facilitxte alOgu¢ bctwcen the Middle East and the Western world ihrough scho12rly publicatiorAS and an interfaith lellow5hip progrojnme. In the tace oFan Increasg1Y rUlent divide between East and West, w¢ cnable constructive. inforn)ed and open dtscu551014 giw a voice to 2 new generation ol thinkers and opinion fonnets. The objective of the ckniry is.. To advance education concerning the Middle Fast and North Afiica (MENA) regioTh for the public benefiL The charity carries out Its objective by holding confetellces. pub]ic kctle5 aad Student retreats. promoting research and publishing rdated tD2tetial. thus et)b2ncing 2nd disseminating knowlcdge. and 2dvancing cducation for the public benefit. Our conlctcnces. lectures and other cvcnts transnatiollaL UlticulturaL interfaith events. attended by both people of western backgrounds as wcll as people fro or with roors in, the MENA region. The 2itn of such cyents is to foster digjogue between people of different et}LiCitiCS and cultwes. atLd promote Mutt1 UndetandItig based upon shated interests and concerlls. By engaging aeademic5, intdlectuals. and public figures we werate wider interest in 2nd knowledge of the region and understanding olits culture. both in the West and in the MENA reo[l itsel6. OUT charity also promotes resvdrch on the regton by providing forUtS for the presentation of tyapers and debate. Wc publish the outconLes of the rcscarch presented aod refined at out conferences. or subsequently submitted. We also publish onn#1 and tratL5]2ted works of scholar5knp rdated to the NA tegion in ordet to fitrthet our ch[lble objectives. In all tbe5e mattet5 the Trustees have had tegard to the Chatity Colljmtssion's guideline5 on openting for the public benefit. Note that by thc tum MENN we concetvc the region as involving not just the Atab countries. but also Turkey. Isr2eL the Kurdish regions. etc.
GINGKO UBRARY 1.1 2021 Activities and Impact With Coronavirus restrictions again maknng in-person gathetings difficul¢ if not itnp055ible. Gingko used oniinc tecbnology to further its aims in 2021. Chti5tmas and Tllls di21ogue about the Chtistsn2S Story as it appe%ts in the Qu<an was Organed joindy with tbe Dean and Chipter of Westrninster Abbey #ttd in collaborntion Twith Embrace the Middle Fast and the Chtistian Muslim Forum. Planned as an iti-person cvent WAth a live audience. it had to be nuned into a hybtid event with Gingko Trustee Imarn Dr Muhomn)ed Gatral Abddnour and The Rt Revd Rob Gillion in St Marg#reVs Church and Professor Karl_JoseFKuschel joining them fro Tuebmgen. iJ Germaay. via 2 Fideo-link. The audience, who wa5 not allowed to attend the event due to lockdown ttsttictions. wete able to P2nicipate in the dialogue on Zoom 2nd the evenc was subsequendy ll]2de avai]2ble on Westminster Abberfs YouTube chanThd. This enabled many more people than would have been able to attend St Marrer'S to Watch the event from the safety of their homes. Voices of the "ddle East While others taIk about the Middle East, Gitigko ttepts to tojk to the Midille EasL And even more importandy to ]isten to what th05C tTOrn the Middle East have to say. We believe thts 15 the mosr effective way to engage in i meAningfid dialogue of underst2ttdmg. With this in mind. a new initiativc was started.. Voices of the "ddle East. The fit5t element of this illiti2ttve series of online workshops entided The Arab Spting- 10 Year5 On,. The project provided a plat(orn] for young Arnb5 to re$S their hope5 and lears concerning the pohtical and societsl changes which have unfolded 5tnce 2010111. Paniapants Etom Sudan, Tunisi4 Algeria, Lebanon and Jord2n agd between 20 and 40 years-ol-4r and from dtver5e backgrouods were invited to teflect on how they have expuienced these political cbange5 Ot lack thcreof. The oUtColl was i series of podcasts which are now available to Stream atld download. . turai Reasonin 2021 saw the continuation of anothet on]e initiative called kniptutal Rea50ning Across Bordcrs. This ptoject wa5 estabjished by two Giogko Fellows Ooel Pierce and Doaa Baullll) in 2020 to provide undewaduates in the UK and Egypt with an opportunity to ellgage in iXLterf2ith and incerculttwal dlOgUe. Sii sessions in 2021 saw the completion of the initiai phase of the project. The 20215e5sion5 were attended by 2 totsl of 40 pxrticipating srudent5, approximately bait of whom werc from the UK xnd hail from Egypt. Feedback was oveDxhelu]Angly positive th the studcnts wccInent thar the pEogtanJxnc had lde thern excited about being involved in simil#t groups in the future. The project P2tameters were widened ill the second half of the year with eight adth"tional onltnc scriptural reasoning sessions held betweeTh July and December. Unlike previous sessions. these were open to the intete5ted public Both progrdmmes continue in 2022. e Lausanne Pro ect This onping projcct, of which Gingko is the ptitnaty sponsor, 15 a first scholxdy attempt at a cotnprehensive understanding of the 5igmficance of the Treary of L2usanne (1923). Devdoped and convened by Dr Jonathan Conlin and Dt Ozan Ozavffj the first workshop was held otiline in 20212nd involved 21 scholats frotn Notth Arneric4 Europe and Turkey. The scholats di5CUSsed the (St drafts of theit pipers on The Forgottea Peace? The Iausanne Conference and the New Middle East. 1922-23,. These were filrther discussed at a workshop in 2022 and be ptesented at a conference iti 2023. witb a volulne of essays published by Gingko in the sarne year.
GtNGKO LJBRARY Yearetthd 31 DeteuJber3J21 With the plan to be in Cairo for the 2021 retrear postponed to 2022 due to CoFid-19 travd resttictions. the Fellows instead thered in two Ioc2tions. the British Council Buildmg (Cairo) and Cumberland I8¢ (Wind50r). lor three days ill eady September. A nutllber of Fdlow5 also joitied via Video link from the United Sta1¢5. Ghana and the UK The theme OE the 2021 retteat was Trub]ishing'. The £I]Itto were Dr Joshua Ralston IUDivetsiry of EdbUtgh) at Cumbedand dge atld Dr Wifya HAmoud2 (Americatl LDiversity in Cairo) at the British Council in C2ito. Dt Rston'S session focused on the academic publtsbthg prcess in the UK and Dt W2fy8's on trends in Islamic Studi¢s publishillg. Thc keynote speakers were Professor Kiaus von Stosch (University of Bonn) and Professor Mun# Tatati (University of Paderbom). Together they presented and then lead 2 discussioa on their Iecent booK in th¢Q,l. In total 24 Fdlows p#rtiCiEYated. Qualitative feedback from the Fellows suSted 20 increased confidence in exptessing idexs in an academic envirollmenL a greater awareness of the wide r2nge of academic work happw in Christian theolw, Islamic srndies and interfaith sttldies. a better understandjng of the academic publishmg process. a deeper knowledge of the way 1519m and Christianity address figures who appear in both traditions. and a deeper levd of appteciation of the importance of ititetpersonal encountets across religious boundan"es. Pub]icatio Gingko's pubh.shmg ptogE9Jntne continued throughout 2021. witb the publication of the lollowing Folutnes: Yo% Cnuh the Flo#perJ.. A Vuualmemoir Rew]xhoR The UmiwddMoJqxt of D<&fath. Art, Faitb axdE IR Earfy Iskn Rezyahxg ih Uns¢em.. Ivew PerJPtdiwJ oMQtyarArf Hyab.. T1}¢ ModtnT Ir4NM• Perj1$ italDetYloPJNent ErdAMma Jdilje GxslnKlton SM¢, 192146 Sales were up 290/0 compared with 2020 with highest growth tbrough the UK dtsttiburor (up 63•/•) which niainly accounts lor Sales mide to the UK Europe and Middic East Direct to cust0ll sales were up 54'/0. due in part to improvements to thc c-commetce fimctionaliry of gts]gko.org.uk and a number of virtual events. E-book SeS rem2ined llat, while sales in North America grew Marn#llY (4U/u). Gingko Pubshed seven books in 2021. The WfstE&rf¢rn Di*m papetback and The Umoyudmwqme wete the two best-selliog tides. The pub]kcations Continued to receive [tiCAl recognition in tILe scholarly attd geller21 media. reinlorcing the fact that they are playing 2n important tole in proAnoting a deeper understanding of the MENA tegion. We were pleased to see vlouS teviews of publications in the intemational media and jourDa15, induL1ing in TlJe Art NeJvJPaPer, AnanArt, Apolth, the AJiuK Rrtuew ofBooks, Hulory TW wine. the L4terqry Swleme#t and FOttl Affthrs. Gingko authors tk part An a podcast sette5 produced by the Bxrak2t Tn]st for Asia House and ptogrammes on the BBC Wodd Service. Overxll. it 15 the opinion of the Ttustees that sales continue to be a P051tivc indicator of tbe continued &mp2Ct of the publislung progrAtDme.
GIXGKO LIBRARY 1.2 Fundrai8ing and PartnetshipB The Trustees deuded to roll forward the funds rnsed for the Gingko Intcrfaith Fellowsbip Retreat in Cairo, partÈculaAy the donation of 0,810 from Carolyn and Bruce Ludwig and vJ/o dollations ol £5,000 cach from Gingko Trustee5 Chtistiane and AAd Hansmg. Thesc fi]nds vrijl now go toward5 the 2022 Gingko Interfaith Fellowshtp Retreat in Cairo. For books pub]ished ill 2021. Gingko is grnteful fot grdots from the University oEOxfotd. the UnivetSLty of Padetbom. and thc Musee Du IA)uYte. Gingko also grate6Jlly acknowledges a donation in kind teceiv¢d from Peter Lewis. who translated May for a reduced fee. Gingko ts gtttrfi to the Stiftung-Gitigko Iibrary for its support for the Woice5 of the Middle E2sf initive. to which it gave £13.958.91. and fot its support for the Gingko Intetf3ith Fellowship Retreat 2021. to which it gave 8,102.18. 2. Financial review Investing powets attd policy Hiving rewd to the quIdity teguirements of Organis an annual 5tudellt retTeai and an ongoing publishing programrne. and having con5ideted thit cash hdd in deposit accounts provides low retums and may therefore lose value ill rcal tem]s. the Trustee5 added £2.()0 to the ch#rirf5 existing investmenr portfoho managed by Smith & Williamson, this amount was taken froln the £230.0(K) donated by Gingko Tru5te¢ Barbara Schwepcke in Novembcr 2021. The aim of the investrncnt is to provide steady and rq)eJtsble retums with low volatility and risk The value oFtbis rcsctvc tnvesttnent at 31 Decetnbcr 2021 was £282J37. 3. Plans fot 2022 Gingko Interfaith Fdloiv5hip In May 2022 the Founding 2nd the New Fellows gathered for an Interfaith Fellow5b4) Retrelt it the Angh'can C2tbedral Conference Ccntre in Cairo. Togethet the Fellows explored three tbefftcs.. common stewardship of the environment (a particularly topical theme with Egypt hosting COP27 in 2022). heEit2gc preservation (induding a visit to Old Cairo), and telw'ous mijority-minority rdatioos. This retrear the start of a coopetation the Centre OE ClStian-Mutsjlm Undctstanding & Partnership in Cairo snd otbcr in5tituuon5 who share Gingko's Tision of impactfia ioter12ith dialogue. The Retreat also indudc a visit to the al-Azhar. 32 Public Events Gingko intends to resume its pub]ic cvcDts progwnme if CoroDaFirns restrictions allow. We intend to 511PPOrt cvents at Univetsity ol Edinbwgh and tbe National Gallery An knndoo with the aim of introducing to a widet pubiic the ground-breaking te5e3tcb on the fiwe of Mary in the Qurfan undettakell by Ptofessor Klaus von St05ch and Dr Muni Tatari. Publications Gingko will continue to publish works promoting a more detsiled UndetandIng of the Middic East and North African region. Pub]ic2tions to be pub]ished in 2022 2r
GINGKO UBRARY Ye4retw]ed 31 D¢Yctrthtt Z)21 TbeArab Cljmt Towdrdl ¢mArdb ChyiliaN Tlxolo£y t7fConvwiAfjty by Moud)ir Basile Aoun UAJall Hutones ofR4Nastkn. ReligAOff, PL71itsu awdsoaety (1550-18(10) by Eiizxbeth Thd¢n Fnttl ofK•owltdge. IFh¢¢lofIxtmuff& Ess$ HoNorofRokn¥ H¥/l¢ffbraRd Fnut ofKRowled%, Wh¢¢loflzanllff& Essgs HoRowofCarole HillMbraTrd TlJ¢ Poel aRdBxriNeJmiaK.. A&dal.Avz S4'Md41-&¥bknn aRdthf Forn&tsoRofModern K¥w"iby L£if Stenberg Tffarurfs ofHeTa£. Tw Mdffxfmpts oftht Khdmsab ofNzzarri ip Ibe BITtirh Librnry by Barbara Brend TlJ¢ Moxli<b ofEtyi by J. W. McPhetson (edited by Russcll McGuirk) Measuting Impact In 2022. Gingko intends ro make use of a toolkit deydoped by the Woolf Institute in Cambiidge designed for the ev21u2tion of inttrf2ith engagement to asses5 and measure the impact both of the Scriptur21 Rexsoning Acros5 Borders project and the Intetfaith FeUoTrv5hip Rerret. In 2022 Gingko wjll continue co take steps to impmve its learning and impact IEieasutemenL 4. Out Volunteern and Advisor8 Gingko is gratetul for the support and hdp thtoughout 2021 of scvetal volunterts who helpcd make it a succe$5ful year. This indude5 illtCrn5. the majority of whom completed their internships remotely. 5. Referenee 2nd administsative details CIMrity number. 1158548 Company number. 08565380 Registrr¢d Office.. 4 Molxsses Row. IA)ndon SWI 13UX Holden GrAoat IIP (Statutory Auditor). 23 Oadands Dtiv4 Wcybridgc. Suuey IU13 9LZ Bxnket5: HSBC, 76-78 Trting's Rorf La)ndon SW3 4TZ So]icitot5.. GRM Law, I Bedfoid Row, LK)ndon WCIR 4BZ Investment Managets.. Smith & WJlliamsoTh Investment Limite 25 Mootgate IK)ndon EC2R 6AY Directors and trustee5 The directots oFthe ch2n"tabl¢ cotnpany (the Chlty) are its Trustees fot the purpose of chatity Jxw. The Tnistee5 and olficets serg dutiDg the year wete a5 follows: Barbarn Schwepcke (CEO) Harry Hall (Chair) Paul B. Hannon (resigned 2810612021) Mena Mark H2nna Georgios Mangini5 Melanie Gibson Axd Hansing Christi%ne Hansing Mohammed G%mai Abdelnout Secretary: Luz Aguilera
GINCYKO LJBRARY yar•Ied 31 Deieth2021 Key personnel Managing Editor. Aida B2hranM (resigned in December 2021) Publishirjg Consvltsnt: Jacky co.$5 Harvey (fr¢dance, engagement ceased 2021) Project Manager, 'Atxb SprinK. 10 Years On,: Bayan Al sri (freejallce. ceased 2021) Project Manager, lntetf"th Fellowship: Doaa Baumi (freelance) Project Manager, Interfaith Fellowslll"p: Jod Pietce (fr¢dance) Matketing and Pub]icity. Publishing ProgTrmme.. Ft3nces Wjlson (ftedance) 6. Structute, Governance and Managenkent Governing Document Gtsjgko Library ts a company linjited by guarnntee governed by its MeoradUm atld Artides revised on the of August 2017. it was incorporated on 11 June 2013. Ir is iegi5tered a5 a chatity with the Chatity Commission. Anyone over the age of 18 can become a membcr of the Company and thete arc curretLdy 2 members (2 in 2011, each ofwhom agrees to contribute a sum not exceedmg £10 each in the event of the chgrity winding up. Appointment of trwtees The existtng board of Ttee$ has responsibility fot the 2ppoiniment ofnvw Trustees to the board. With rach aPpointent they consider how a prospective Truslee's expertise mighc setve the Foundation in the future and whether their presence on the biYArd would make the Foundation's work and activities mote prorninent. enablthg the Foundation to bettet meet its objects. The furtheting of the charity's objectives is the concern for the Tnte¢S when they consider potential candtslates ro joiti tbc board. Otganisation The board of Trustees, wbicb currendy has eight members. admillisters the Foundation. The Trustees meet at least once each year 2nd the meettngs rouundy cover deydopmcnt. ongots]g projccts. finxace, p¢rsonneL and audit. Members of the board of Trustees 92e expected to ve #d"Ce aod encotsragemenL Ind to olEet W2rnings. All decisLOnS about plattn. PrOgrnn and projects are made ai the executive Icvel Risk management The Trustees have a tisk rn2nagement Strategy comprising. atL annual review of the printipal risks and uncertainties that the Foundation 20d its subsidjary. Gingko Librdry (frAding) Ltd. face" est2bltshed policies, systems 2nd procedute5 to IIlitigaie those ti5ks identified in the aru21 review. and Procedures designed to rniniwe or rnanage aoy Potenti imEYact on the F'oundatiotl Should those risks ten2]ise. This work has identified that financi21 sustainability is the m2jor finallci risk lor both the Foundation and its subsidiary. A key dement in the Management of financial risk is * re rcvi¢w of av2dable ]4uid funds to settle debis as they faIl du4 and active management of ttade debtor5 and creditots balances ro ensure sulficieoi workmg capital by the Trust and its subsidiary cotnpany. The risks to tevenue arc posed by a tall in the levd of donations and sponsorship. a dec]ine in the activitie5 of dkt subsidiary company (chiefly a dedine in book sales). The Foundation rnitigates these risks by maintsiDing dose ]inks witb donors and sponsors, so as to maintsin an idea OE their intentions; registeting the Foutldation with intetDitioDal bodies such as the Kll]g Baudouin Foundxtio US. which both enable foreign donors to tD2ke donations from oVee2$ with similar tax idvantages to LK tLKpayers" in addition a Gerllwi Treuhandstiftung (Stiftung- GkO Librw) wa5 set up administered by tbe Haus des Stiften5 in Muoich. which enables Grnan taxpayers to support the acti(1 of tbe GiDgko through
GINGKO IIBRARY donations in a tax-efficient way. The Foundation ba5 2hYys wotked dosdy with its tr#diDg subsidixry Gingko tibrary (fradillg) Limiicd 2nd its t¢presentat[v. However. as the Foundation's is exclu5Lvely ptitnary purpose trading and there are no plan5 Eoi non-piimary purp05C tnding thc Trustees are considering the dosute ol the tradll]g sub5Ldiary ill 2022. 7. Tm5tees' re$potsSAbiJities in relation to the filCial 6tatefftents The Foundation's Trustees (who are also the ditectors of tbe Gingko Iibrary for tbe purposes of company kw) are responsible for prepxtmg 3 Tstee5, annual report and financi21 sr8cement5 in 2ccordoce with app]ic2ble ]2w and United K)gdOM Accounting SrAnd2rds nited Kthgdom Generally Accepted Accounting Practice). Company law requires the charity Ttustc¢s to preparc financial statements for cach year wkn.ch give x truc and fair view of the state of aflairs of the charitable compaoy and the group 2nd ofthe incomts¥ resource5 2nd application of resourc¢5. includll]g the income 2nd expetLth"ture. of the ckjaritable group for that petiod. In preparitig the financial 5t2tements. tbe Trnstees are tequired ¢0: select suitsble accouThting policies 2nd then apply them cottsistcndT> ob5¢rwe the method5 and ptillciples in the Ch2fities SORP (2019) FRSIO2. make judgmcnts and estimates that are reasonable and prudentr. to State whether app]icable UK accounting Std have been followed. Subject to any njaterial departures disclosed and exp]2ioed in the flnancial statements" ptepate the financi21 st•temellts the going concern bsi5 unless it is inapptoptite to ptrsume that thc charity will contitiue in business. The Trustees are responsible for keeping proper accounting rcro that disdose with teasonable accuracy at 2ny time the financial Position of the chatiry and to enable them to ensure that th¢ financ1 ststrments comply with the Companie5 Act 2006. They are atso responsible for saEegu2rding the assets of the charity and the group and hencc taking reasonable steps for the prevention and detection of fraud and other irregularitie5. Th¢ TtteS responsible for the matntenance and inteIty of the Coorte fin2ncial infornJ2tion induded on the chiritable CoMpY'S website. I$12tiOn in the Uoited Kthgdorn governiog the preparAtion and dissemRnation of fitwicial statements differ from le&slation in other jutisdictions. Disclosure of itiforniatiott to the auditotB We. the ditectors of the company who hdd office It the date ofapptoval of these Financi21 Statements as set out above each confimi so far as we are aware, that there is no rdevant audit inFormtion of which the compan$ u&"tor5 2re unawate. and we have t#ken all the steps that we ought to have taken as directors in order to oursdves awa of any rdevant audit informatioll and ro establish that the company's auditors are aware of that infottnation. In Preparing this rport tbe TnteeS have taken xdvaotw of the 5nJall compaoie5 excmption provided in 5¢ction 415A of the Companics Act. This Report was approved by the Trwstees on 13 Septembet 2022 Harry Hall. Chait of Trustees
GiNGKO UBRARY Ywendd 31 Dectth 21 Independent Auditoe8 Report to the Trnstees of Gingko library Ltd Opinion We knve audited the financial ststeDi¢nts of GiDgko Iibrary the chatitable cornpany for the ycar ended 31" December 2021 which comprise the StarerDent of Financi21 Activities. Balance SheeL the Sratement of Cash flow5 and notes to the financial statements. i0dudll sJgDificnt accouoting po]ictes. The finanaal reporting fr2mvwork that has been apphed in their prq)aration is applicable and United Kts]gdom Accounting Standard5. induding Finanaai Reportillg Stsndard 102 Tbe FiffaRadlR¢orhirg Stsndard4pp&¢able IR th UK und R¢P¥bhc ofInland (United Kts)gdom Generally Accepted Accoulltillg Practice). In our opinion the financial ststct[xts. ve 2 twe and fair view of the stsre of the cban"t2ble c(mpanfs affa5 as at 31" December, 2021. and OF its incoming re50Utce5 aod application 0£s0Urces. indudiug its income and expeoditut4 for the yeat then ended. bave been propedy pteEYared in accordance with United Kingdom Geller2lly ACCePd Accounting Practice" and have been prepar¢d in ccotdancc with tbc rqwrements of the Con)Fatiie5 Act 2(K)6. Basis for opinion We conducted our audit in aCCordce with Intcrnationgj stdards on Auditing (UK) JSAS (UIQ) and pp]icable law. Our te5ponsibiiities undet those statldards 2re fithet deSibed in the auditot te5poosibAlities for the audit ol the financial ststements sectioll ol our reporL We are independent of the chatttsblc company in 2ccordance with the etbicai requiremmts thar are tdcyant to ouc audit oFtbe finaniial stateents in the UK induding the FRC'S Ethical Stxnd2rd, and we have Eulfilled our other ethical responsibi"tieS in 2ccordan¢c with these requirements. We bdieve that the audit evidence w¢ have obtsitled ts suffiCit and appropriite to provide a basis for our opillion. Conclusions relatitig to going concern In auditing the financial ststcments, we have conduded thr the tru5tees' of the going conccrn basis of accounting in the preparatioo of the financial statements ts appropriate. Based on the work we have performe4 we have not idenllfied any material uncert2inties rdating to events ot condiuons that, inth"Fidually or collecttydy. cast significant doubt on the charitable company's abiliry to continuc as a going concem for a period of t It twdve znonths fronj when tbe financial statements are authorised fot issue. Out responsibilities and the resEK)Dsibthties of the tSteeS tespect to goitig concem 2Te desuibed iti the rdev2nt sections of tbis report. Other itiforniation The trustees are tespgnsible for the other inlortD2ti00. The othet informauon comptise5 the information induded in thc AnnuaL reporL other th20 the financi21 ststernents 2nd our #u&"tot's report thereon. Our opinion on the fanCl statements does not cover the other infotmation except to the eXt&t OtherSe explicidy stated itl our we do not express any form of assuratjce condusion thereon. In conncction ttth our 2udit of thc financial statements. our responsibility ts to re the other inf0mtion and, in doing so, consider whethct the other information 15 IDlten2lly inconsistetLt with the financial ststements or our knoTA4edge obtained in the course of the audit or otherwis£ appeats to be materi2lly misstated. Ilwe identify Such matetial inconsistencies or app2rcnt matetl misstsrernents. we are required to detetmine whether there ts 2 tDatuial misstatement in tbe fin2nciaL sr#tement5 Ot i material misststelllent of the othet illformation. If, based io
GINGKO IJBRARY Yvareuded 31 DeceaLbeL on the wotk we have perfottDe(L we c(Trndude that thete is a tell21 misstatellt oFtbis other infottD2tion, we are required to teport that fact We b2v¢ nothing to report itl thi5 regard. Opinion on othet mattets Pres1bed by the Companies Act 2ffi the infornvtion given in the Trnstees, report induding the stegIC Teport for the financial year for which the financi21 statements are prepared 15 COn5i5tent tbe finallci21 st2tcments. the strategic rcpott has been prepared in accordance with apph"cable Icgal requirements. the prior year fin2nctal ststemcnts were nor subject to au&"L Mattets ott vknich we are required to report by exception In the light of our knowledge and understanding of the chatitable company and its ellTironeTrt obtained in the course of the audi¢ we have not idenufied matetial lsStateMents in the Tru5tees' report induding the strategic report. We b2v¢ nothing to report in tespect of the following matter5 io rdauon to wbich tbe Chatities (Accounts Reports) Regulations 21K)8 wuiIc us to report to you if. io our opinion.. certain di5dosures of d1Clo, remuneration specified by ]aw not njade" or the charitable company has not kept adeqwte and sulficient accounting record5 Ot tetutns adequate fot our autht not bccn r¢ceived from brxnche5 Ilot Visited by us. or the charitable company financi21 ststeEIients not in agreement with the accounting tecords and we have not received all the inforniation and explanations we wuirc for our audit. Responsibilities of trnstees As expla2ned morc fully in the tntees. responsibi]ities statement. the trustees (who are also thc directors of the charitsble coPanY lor the purposes of company Jaw) ate tesponsibie for the preparatioll ol the fin2noaL statements and for being satisfied tbxt they give a true and fair view. and for such internal conttol as the trustees determine is necessw to eble the preparauon of financial Statettllts thar are free from mateti21 llJisstatem¢nt. whether due to Eraud or crror. In preparing the financtsl stateEnents. the ¢Stee$ 3Te responsible fot IS5essing the charitable comptn}'s ability to conunue as a going concem, di5dosts]g. as 2pp]icable, matters related to gOg concern 2nd using the going concern basis of accounting unless the trnstees either intend to kquidate the cbatitable company or to Ce operations. or have no realistic alternative but to do 50. Auditot tespotssibilities for the audit of the financial ststements Our objective5 are to obtain reason2ble assutlnce about whether the financlai staternents as 2 whole are Iree from materigj mi5Statement, whether due to fraud or error. to issue an *uditorfs teport that indudes our optDiOll. Reasonable assurancc 15 a high levd of assurance. bur is not i tantee tt an 2udit conducted in accordance with ISAS (UK) will alw#y5 detect a materi21 misst2tement when it exists. Misststements can atise from fraud or etror con5idcrcd material if. individuJJly or iti tbe aggregxte, they could teasonably bc expected to int]uence the economic decisions of users taken on the basis of these fiD2llCi21 sratements. Irregularities. induding frau( are instances of noncompliatlce with J2ws and regulations. We design procedure5 in line with our te5ponsibth"ties. outimed above, to detect m2tetiat misstatements in respect OE ittegul2rities. induding fraud. The extent to wkn.ch our procedurcs are capable of detectiDg irtegularities, induding fraud is detalled bdov. reviewing minutes of ll2eetiDg5 of those Cb with gernAnCe.. enqu st2fl to identify insr2nce5 of noncompliance with law5 and tegu]ations'. li
GINCYKO UBRARY Year eodtd 31 Ikiembtt2021 perfonning audit work ovet the risk of manyent ovettide of conttols, indu&ng testing of journal entries and other adjustments fot appropratenes5. eValting the business rationale of significant tsansactions outside the nollnal course of business and reviewing accounting cstimates foi bias. and reviewing financJaL statement disdosures 2nd testsDg to supporw documentation to asse$5 compliance ith app]icable ]aw5 and regulations. Bec2U5e of the inherent limitstions of audi¢ there is a £isk that we will not dett all ttrcgthan'ties, induditig those leading to a mtetial tnisstacement in tbe financial statemcnts ot non-compliance with regulation. This risk increases the more that compliance with a law or tegu12tion 15 removed from tbe evcnts and transactions retlected in the fmanciai staternents. a5 we be less likdy to become aware of itistallces of non-compliance. Thc iisk is also gteiter rerdIng llreguknues occuw due to fraud rather tb2n ettor. as fraud involves intentional concealtL forgery, collusion, omission ot mtsrepresent2tion. A fLwther description olo rcsponsibilities Eor the audit of the fiEwaal statetnenis is located on the Fillanctsl Reporting Council's websitc at: wEvw.frc.org.uk/aUditoIcspollsIbJ"tie5. U8e of out report This report ts made 501ciy to the chan"table companls membcrs. as a body io accordauce with Cbapter 3 of Part 16 of the Companies Act 21K16. Our audit work has beeo undertakca so that we might state to the chxtitablc company's metnbet5 those matters we ate required to stste to the In 2n AuditoE5 report and lor no othet pu0$e. To thc tullest eAtent pcrrnktted by ]2w. we do not icc¢pt or assume responsibdity to anyolle other tban the ch2ritable cOpanY 2nd its members, as a body. for our audit worK for djis reporL or Eot the opinions we have Eonned. Russell Granat (Senior Statutory Auditor) For and on behalloFHolden Gtanat IIP Chartered Accountants Statutory Auditor Date 14 September 2022 Holden Granat LLP is eligiblc to act as an auditor in the tettD5 of section 1212 Companies Act 2006 12
Yearath 31 De(aThbttJ)21 ststement of Fill*¢11 Adivities Ollcluding ineome and eipend¥tUTe aceollut) for yegr ending 31 Dcrtmber 2021 2020 TotAI Funds Totsl UDrestsicted Restricted Funds Funds Fll Nots Donation5 amd Grants Jncome from charitable activiti¢s Inter¢5t receivable Gainl(lossl from investmurt 431 J67 61760 494,127 59,173 28.810 87,983 1.418 1,108 5.508 1.418 1,108 5.508 775 7.521 775 7,521 439.663 61760 501423 67,207 28,810 96,017 Expertditure on charitabl¢ a¢tiYiti¢5 (217,039) (33.630) {250.669) (132.156) 122.549) (154,705) Net income l (expenditure) 222.624 29.130 251.754 (64,949) 6.261 (58,688) Rvoncili8tion of fmllds Total fijnds brought forward 14 237.T20 53.404 291,124 302.669 47,143 349,812 Totsl fuDds cxrried fornrd 14 460J44 81534 542.878 237.720 53.404 291,124 All tncome and expmditttye derive from ¢otLtinuing activities. Thr statement of fJnan¢ial activities in¢ludc5 all 8ains and1055C5 rolS¢d duriD8 the year. 13
GINGKO LIBBARY B#laTrc¢ Sheet as #t 31 December 2021 COmnY N•mber 0856S3YJ Note Unregtrieted Restiirt 21121 unrestrIrt Restricted 21120 ixed Invc5tments io Totxi Flx¢d Aets Curyent Assets Debtors Invesknet]ts Cash at baT]k and in hand li 10 83.502 281337 101.917 83,502 281337 183.051 45.984 99,130 95.881 45.984 99,130 149,285 81.134 53.404 Total Current 467.756 81.134 54&m 2411WS XI404 294099 Creditors- Amounts falling within one year 12 (6,013) (6.013) (3.276) (3,276) Net eurrent qssets 461,743 81,134 541877 L77,719 53.404 291,123 Tot assets ]e&8 Current li4bilities 461.744 81.134 542m8 237,720 SJ,404 291.124 Net A&wts 461,744 81,134 541878 The fulld$ of the harity: Unrestricted incA)Tne funth R¢strtGted income fi]nd5 237.72(1 53A04 291,124 14 460.344 82.534 237.720 237.720 53,404 82.534 53.404 TotAI Charity 4611J44 82J34 541878 237.72 53A04 291,124 Ib¢ financial st8tem¢nts were appmwj and authoTiwI for i55ue by the Board OD 13 Se¢ber 2022 std on behalf of the i¥)ard of trusttt5 Harry HalL Chair of Trustee5 The notE5 on pages 16 to 23 form part of these accounts. Company registration number. 08565380 14
GINf.KO UBRARY Ytstctmlrd 31 Decctth 3)21 ststement of Csb Tr10i for yeAt eDding Jl Dectmbtr 2D21 20211 Note Casb gtnergted opergting aellviti¢5: 13 2119.434 P4,890) C*sh Ilows from iDvesting Adivities: Divid¢nd5 and intcrest from inv¢siments Gain on s3]e of 5ecuriti&s t¢re5t receÈved 1.302 6219 18 1,772 3,736 272 N¢¢ eash geuergted in invutiog #thitie5: 7.539 5,730 tncre85e in Lth and cash equivalents in the year 216.973 {29,110) Cash And c&sh equivalents at th¢ iwnning ofthe year 248.415 277,525 Totsl ¢aJh Ind cash eqUivtts #t th¢ ertd ofthe year 248,415 Cash 8nd th ¢quiv•lellts consist of: C&8h at bank and in hand 183.051 149,285 Trade securtties (included in cutt¢nt aS5¢t illv¢stDMts) 282J37 99,130 465J88 24&415 15
GtNGKO UBRARY Note8 to the accouots I Summary of Bignlficant ccountlng poli¢ie8 ) Geoeral infotmation and baBiS of ptep4rn1iO Gjnkgo Libtlry is A CoanY ]imited by ynIe< IncoOrated in Englsnd 2ry1 Wale5 with a registeted numbtr 08565380. The tegistered of&c 15 4 Molasses Row. tA)ndofy SWI 13UX event Ord C}lty kAng woutld up. the ]iabi]iry in ie5pect of the ar1t is lilted to £10 permembtt olthe chattry. The Tmst 15 the parent widertaking of 2 5mgJlgroup as S[h ts not wuited by the cOaleS Act 2(1)6 ro prepsre group ccounts. These fin2nci315t2trttrnts therefote ptesentiatOllDation about the Cbarity as an Individu ulldeThaku¥ al not atK>Utits up. The djaziry consrswt¢$ a pub]ic bth¢fit cntity defin¢d by PLS l(rz The fit]and ststttnts have been ptwed in c£ordsnce with Accrwnting and RetM)rting by Ch2fities'. Ststemcnt of Rec0nM)dI Pt2ctict ppliGqble to d)ille5 prepw their accounTS sn accordance the Fin][1 Repjrtyng Standard Tph¢ablr in the UK 2nd RqJub]ic of Iff1 Jssued Ottober 2019, tht Finan(ig1 Repow Stxlldard apph.cabk ISL the UNted KJngdotn 2nd RepubEic 0[ (FKS IOZ). the Chatitie5 Act 2(>ll, the Cornp8nie$.Ict 2006 and UK G¢oerally Accepted Accouniitig Praaic The fncial statemwts art prepared on 2 going concern basis under the historical ctsst conventyoN modifLed to indude certain items at fair vslue. The finanoa] ststements are ptesented in StewhidJ ts the hllrtionai tU£Y oEthe d2atity and rounded to the nearest £. The significant #ccountifjg po]icits applied An the ptrpyraixon of thest ftttsn(igl st2f£ats gtc set out below. These w]icits Ixave been CtsljSSSteAtty sppbed to yeyx5 pttsentrd utJle55 otherwise stxitd b) Futtds Untestticted fund8 are 2vilabl£ to spold on athities that fttrther oFthe plllp of cth2ftty. De5iVJSted tunds unttstiicted fund$ of the cbattry whith tht ttU5tee5 have decwjed at thur disctttioD to Set aside to for 4 speufic pu4POS Restticted Eutds are don2ti005 T4hich the dottor has speafied att to bc soldy ta forpqrticdar are¥ of the charitrfs work trr Eot Specific artistic wojects bang undctrgken by the Chlty. ¢) Income re¢ogniiioti InColl ts reco8nJsed whrn the ch2riry has to tht fiu)ds. any wEomwJcc conditions attathed ts) the itth)($) ofincon have been me4 11 is probable d]at the inconx wAll be LecavuL 2nd the Can be reliably. For donationg to be recwiised the chlltitya have beth notifid of and sett datc inwiitin8. Jf thur xtc conditions £ttadJed to the dongtton 2nd this reqvire5 9 leyd olpthmwKe belore mtidtttlt can be obrgtsned, thell coMe is deftrred those condittons are fdly met or the fillfilllxnt of those cotiditions ts Twjthin th¢ cotLtrol oEthe chattty. and itts probable that they will bt Euifiiied. d) Donated profe$$ional setvi¢es attd fcilities Donated pro[esoal 5trviics and donated f¥ilitie5 sre recognised as when the dLaurybas conttol DFer the Itw any conditions 3sgoaated Fnth the donated Arem have btett the receLPt of ecoFLOffllC bmefit from the use by the &aLiry olthe item is ptobable and that etonomic benefit ¢gA rn1 rdJbly. In acconknwith the Chatiue5 (FLS 102), the gener2lYolunteer time olthe friend$ gte not recwed. OA recwL donared ptofE55ion215ervice$ and dos]ated f2ltIeS ftco8ni5ed on the b#sAs Old Val of the to th¢ ¢h#tirywhich 15 the amount the chaatyTADuid hve been TlIng to p3y to obtsin Ser4C$ tst faab"tie5 of 4uiTrietJt ecooomic btt)cfit on the open matke¢ a cottesponding *NTruntts thtn rttwi$td "11¢ in the pen(xl of trceipL 16
GIN'GKO LJBRARY Yeatttdd 31 Dgceth2021 IAccounting Policies (etsntinucd) Expenditure recognLqed once there Js a It1 or COtrIve ob]J8Xtioll to ojake a payntLttt) 2 third pgty. Atts probable that 5etdementwAll be requtrd. 2nd the of the Obb110 can be 0xsuj rdJ2bly. Expaiture is da$Sed utmler the following EApenditure on clwitsble acttFities Jndudts the c(¥sts oIcoJJf¢. indudm8 the ¥t tickets. and accornDtiOn of the speakeL5 underrsken to A]rtI the pwes of dritY thar asso(J2r£d $P)rt¢0Sts. Othet exp"tre ttprc5cnts those ital not fAllJng Jnto the categoiies 21xive. fj Support ¢0sts allocatio Support cost$ ate those th2t 25sisi the wotk of the chriry but do not direaly repent C}rIb]e actirrities and indude office costs. govcmance costs, adAnIstrAtive p2ytoll costs. They 9re An(rI direcdy in SUPIK)rt of expenditure on the objects of the chatity gnd IT)dude ptoFct rnsnwttt ¢ytiied out at HexdqLWth. Where swrt Costs Cgiinot bt ditecdy attribured to P2nicu12r heAdtiw they have been aiioiated to st of rgisin8 fun& gnd on charit2bl¢ acttFitie5 oll a basis conststent with ust oEthe resources. g) Creditot& aod proviBiO Credirors and provisions are Tujhett the durny hzs a present obhgation resulting ftorn a pt evtht that will probxbly result in the transfer OE funds to 9 third pary and the due to 5crde the Obl2110 be nsutd ot esixtted reliab]y. Creditors and proYision5 are norrn2Ily reco8T]tscd at tbwr setdemtnt sllK)uat atw allowing for ttade dut. h) cOr¥i10 TIX The chaury 15 exanpt fro tsx on income and ]5 f2]ImgrythIti Section 505 oEtheTaxes Ac¢ 1988 or section 252 of the T2xation OE chalb1e Act 1992 to the exten( that thesc are w]ied to its dluble objects. i) Goillg concero The fiz]ancA21 st2temmts have been pryared oo a gtiillg cimccrn basi$ 2$ the trusree5 k¥elieve that no mateEisl uncertsinties eSt. The tnjstrts havc cOndered the levd of fund5 hdd gnd the expected kyd o[inCo and cxpe(lIre for 12 zn(mths frtmrl authotising these fjnancial Statements. The budgeted Inco and cxpen&"tureJs sufficient the ]£vd of resetve5 for the thlty to be to ) Signtficall¢ iudgemtllts esthDates The Eollow IUdgeakts (apart from those iuvolw estimates) bave beth m#de In the Pr[ of 4)plyAng the above 3ccountii] policies that have had the st swfictht tffect OA snwunts tecogni5ed Jn 5t%tements: AppttiorLfflent of supprt and gtsvernsll cost$ 2¢ross thstitable activjtits. k) CurtentAssei lovestent The chatity has inveStMt$ in trde 5ecunties whith it holds for res2te or p* thur 52lc and a[ cash wvyjents with 2 ]stULlry date k55 Dne year. These indude c&sh on deposit Ind c25h wvalents mawrity dgre of less th3x) )eAI held for itLvestment pw$es tathtt thgn to meet thott telln c0mmLtnts a5 they du¢ TLade sec¢ll&tie5 havt been v21ued at Mk¢t Value at BAnce Sheet date. 17
GINGKO LIBRARY Yeat Eymied 31 fkneMbet2I 2 Income from donations gr*ttts 2021 2020 DonatioLs Grants Donated fa¢ilÈtie5 and Services 338.178 56.423 99.526 35.782 10.000 42.201 494.127 87.983 The inwme from donations and grants £494,127 (2020: £87.983} of which N31,367 was unrestricted (2020.. £59.173) at)d £62,760 restricted {2020: £28.810). Within Unrestricted grants is the Job Retention sMe grart from the govern £3.663.46 (2020: Dil) Restricted donations xttd include: The British Insiitute tsf Persian Studi¢s- £5.408 towards Urban Hi5ti)rie5 of Raj2sthJn projecL The University of Oxford- £2,51M) towan15 Urnayyad Mo4ue of I)a1[cuS proje¢L Paderborn Univ¢rsity. £4.CIXI towards Mary in the Quean projtyx Th¢ University of Michigan- £13.251 towards Regime Change projecL Harri50n Guthom- £670 towards Capits] Dev¢loprnent projttL Mu5ee Du [Uvre. £24.931 towards Preciou5 Materials proittL Axel Han4ing- £5.IW towards The F¢llow5hip Rdreat project. Philip B(x)thtnan- £5.000 towards The Fellowship Retreat projccL Th¢ University of St Andrews- £2.(M)O towards The Frnit of Knowledge, Wheel of Inming proj#t. The charity is very to Ha Publishing IAd for its CLKLtinue si4)iknt SeKOndi two stsff members to help with Project managem¢T¥¢ Book prrthction and Actounts. Thc estimat vue ofthese s¢rvice5 is £32.226 (2020.. £7,901) The Charity continues to benefit immensely frotD the 5UPW)rt ofits volunteers. Dr Barbara Schwwke and Dr Melanie GibsotL who provided professional service5 during the year as Chief Exttutiv¢ Officer and Art Series Editorrespectively. 7h¢ estimated valll¢ ofthe5e services is £63,5[ {2020: £30.500). It is $0 very gratefid to BarbaTa sChwqke WIK) provided the office space forthe dwity to operate smty)thly. The valu¢ of such professional servicts and fa¢iliti¢s arE recolSl withill Tncoriw resour a donatio and an equivalent eharge included within the relcvant Cosi centtes. tn accordance with FRS 102 and the Charities SORP (FRS 102). the ttonomi¢ contribution of gen¢ral volunteers is not recogDised in the accounts. 18
GINGKO UBRARY Ytyx thled 31 Decetth Jr21 NotrB ¢0 the accouots 3 Infome frnm ¢haritsble acbvitiej R¢strirtwJ Unrutricted RtrIcted Unrestrittl Funds Funds Funds FTrnd5 2021 211211 21Y211 Income from Royaltie5 Support ftom Sp)n50rs 1,418 Total income from charitable a4tivitie5 1.418 4 IDcom¢ earned frnm ittvestment The results of the group's investment of £7,521 (2020.. £5.5081 arisc5 frn profits on disp)sal of investsn¢t) dividends and interest e1ved from investment in trade se¢uritie5. 5 Allaly5is Df exp¢nditsre chari¢xble •thities Yar 2021 Fellowship Pttbli5hing Scholar4kip5 & Trjtsl Book production expenses Fellowship r¢tr¢at Governance costs (see note 9) Gencrnl suPrt Costs (see note 9) 66.825 66.825 27,893 28,150 127.801 14.075 25,433 I4.5 101,733 635 67.401 182.633 635 25669 The total expendittwe on charitsble a(livities was £250.669 (2020.. £154.705) of which £217.039 wa5 unrestri¢ted {2020.. £131156) £33,630 was r&strict&4 (2020: £21549}. All re5triLtsI ¢xpenditure was related to Publishing. The Charity initially identifies the ¢05ts of its sw fundions. It then identifies those costs which late to the goYernan¢¢ fiCtion. Having identified its gov¢mance Co5 the wr¥naining support rosts together with the governance ¢osts are apportiond between th¢ two key charitable adiyities undertaken (see note 91 Èn the year. Refer to the thble below for thc basis for apwtionment and th¢ analysis of support aDd governanc¢ costs. Ye8r 2020 FelloTh8bip RtTeal Scbol*r5hips & Grants bjishing Tolal 35291 35.291 Governance t(5 (sce note 9) Generdl 5UPP)rt Costs (see nofr 9) 27.819 11483 27.818 49.934 55,637 63.777 1,360 4OJ02 113.IH3 154.705 19
GINCYKO LIBRARY Notr8 ts¥ the accounts Analysis ofgovern¢e ¥nd sDppDrt 6 costs Governance costs are apwti(M¢d g¢ross the dwitable aL1iviti¢s, split 20180 between r¢treat and publishing. This apportiot]Tt]ent 15 dictsted by an emimate of thc re5trttive tim¢ dedicated by the trustees to activity. Support costs have be¢n &pp)rtioned Sing0Th eimate ofthe time S on athninis¢rative tasks by the cknity on each of the activiti¢5. Expenditure on the finaDcial suppxt for organisingthe Virtsl Gingko Interfaith Fellowship R¢tr¢at. Yr 2D21 GeDeral GDvernnt¢ Sllprt ction Basis of Tol41 apportionrnent General admirristration ¢xpaises 31.440 31.440 Invoi¢eAJ stsff costs Support to other ChaTitiesh)th Auditorllndependent R¢vi¢w Fets 95.726 635 24,4(KJ 120.126 Allocated on time 635 Invoir 3.750 Govr1cC 3.750 127WI 2&1SD 155,951 During the year the Chartty mad¢ the following donatiotLS amoUnll0 £635. UNHCIL The UN Refvgee Agency: £505 The Hands Up Foundation.. £50 Embrace Middle FAst: £80 Ye•r 20211 Gener Governxryce snpport B8sis of TotAI apporti0M¢llt 24,016 24.016 IDvoiced Stsff costs Support to other charities Accountsnt Independent R¢vi¢w F¢¢$ 38,401 I,360 54J12 91713 Ail(KafyJ on tijne 1,360 1nvoic<l 1.325 Governance iJ25 5S637 119.414 During th¢ y¢ar th¢ Charity Tnade the following donatiOJLS amolmted ts) £1 J60. UNHC]L Th¢ UN Refugee Agen". £60 CollaiK)ration Prize to Scholar5'. £1.31YI 7 Auditor's I Independent ex8Jniners mnetiO The auditor's / independent examina3 remuneration amowts to audit l indqyendent exami0 fee of £3,750 (2020.. £1.325) 20
GINGKO tIBRARY Ye¥x ended 31 Decembtt%)21 8 Anatysis ofstaff costs 24.41KI 37 732 31226 63.51X) 54.312 1533 1.629 7.901 30,500 sla[ security costs Pension costs Seconded Staff Voltttkt¢ers 120,895 95.875 Th¢ trittr5 wcre not paid or receiv&1 any other befits from employmcnl with the TnLSt or its subsidiary in the year (2020.. £nil) neither were they teirnbuT5d ex during the year {2020: £nil). No clwity tn received payment forprofe55ional or er ser¥i¢es supplid to the chan.ty (2020.. £Dii). 9 B¢nefits in Kind During the yw two ofthe 6 statTw¢re employed by Halls Publishing and secoDJed to th¢ chlty. they Work part time. the other staff were anployed directly by the chaTity. 111 lttYe4tment Fixed assets investments: The charity holds I share of £1 earh in its wholly Own ti3ding subsidiary Gingko Library {Trading) which is incorwtrratrd in the United Kingdom. This 15 thc only shate ajlottrf called up and fjjlly paid. The afflivities and results of this wnpany atE 5urntn in not¢ 6. Ctsnrnt asset invc5tffteDt.. The charity has $ts investcd in Trade Securities whidx are valued inttsally at ¢O5t and sub5equent]y at fair value (their markd Ya]ue) at the year end. C&%h and cash equivalents with a rnaknity date of less than l y¢2r aftrcated current ass¢t investments. 11 Dtbtor5 2021 2W20 Other d¢btOTS Amount due from subsidiary undertaking 62224 21278 42.080 83,502 45.984 IZ Creditor¥: faUiTrg dwe withim ome yur 2W21 Trnde ¢Teditors and social security AccruaJ5 1.785 478 3,750 1,471 480 1.325 6,013 3276 21
GINGKO IIBRARY 13 R#oJJriliatioll ofnet movement In fvlld5 to let cash flow from oper4tiDg aetivits 2021 2020 Net movement in Gainsl(105ses) on investments Divid¢nds and int¢r¢5t from invcstmu Int¢r¢5t rtiV Increase (d¢¢rea5e) in debtOTS DecreLse (itwease) in creditors 251.754 (6219) (1.302) (18) (37.518) 1737 (58.688) (3,730 (1,772) (272) 31,104 (1,526) Net csh getyemtsi in operxting Ielivitits 209,434 (34.81) 14 Fund5 Funds at l January 2021 Net Income forthe y¢ar 237,720 221624 53.404 29.130 291,124 251,754 Funds as at 31 fknber 2021 460.344 82,534 542.878 nds- prewiolls yer Totsl Funds as at l January 2020 Nd (ExpEnditiw¢yInrome fortheytar 301669 (64.949) 47.143 6.261 349,812 (58,688) Fund5 as at 31 December 2020 237.720 53.4( 291.124 15 Related rty trnllSaCtiDns Inf0MtIon about rclatcd pty tran5aLtons and outsta* balances is otstlitjed below. Outstandlng Eipendithre balance5 Drl(Cr) Committnent Name.. Gingko Libmy (Trading) NattLr¢ of relationship.. Subsidi8ry D¢5cription of th¢ transacti¢)D: IAXD At end 31 Ik¢ 2020 At end 31 D¢¢ 2021 11847 835 757 41080 21278 Name.. Stiftun8 Gin8ko Lib Nature of relationship.. Donor Description of the transaction: DonalioD At end 31 Dec 2020 At cnd 31 Dec 2021 35.802
GINCYKO UBRARY Sttftung Gingko Library is a stiftung (charity) registered Èn Gemiany that was established in 2015 to raise funds in Germany for Gingko Library, the UK charity. P¢ri(#li¢ally. fijnds raiwl by the stiftung are donated to Gingko Library. Two T (Hany Hall and BarbaTa Schwet¢ke) are also members of the vorstsl (both) of stift18 Gingko Library. Outstanding llleome Expendithre lanceS Drl(Cr) Commitment Name.. Haus Publishing Ltd Natu of relationship.. Supplier At end 31 Dec 2020 At end 31 Dec 2021 7.SKII 9,304 33.205 1.403 J9 Two DI[torS of Haus Publishing Ltd are also TnL8tee5 of Gingko Liw. Hau5 PublishiDg Ltd provides 5ervic¢s tts the Charity at cost pnce including postage, cloud storage and pension thin1strati. Two staff mernber5 are Second by Hau5 Publi5hiTtg Ltd to Gingko Library to assist with project management and accounts. the value of their seryicfs provid to the CTrarity for the year is £32.226 (2020: £7,)1) the value of thes¢ dortated Services is included irt iK)th income a[ expenth"tw¢. followin8 UK GAAP. The salary Haus Publishing Ltd paid to the two stsff members are as follows: Harry Hatl £58.(16 and Luz AgL]]"lera £45.000 Mr Ha Hatl is the Chair of of Gingkn LiiKary al is a Director of Haus Publishing Ltd. Dr Barbara hwq)cke is a TnJste¢ of Gingko Library and a DiTtr of Publishing Ltd. She acts as CEO of Gingko Library and re¢¢ives no renumeration for this work Only one Tnlee has claimed ID expen from the Charity. Mr Harry Hall claim•J the cxpense of £31.62 for travel.