GINGKO (.4 compan!" limited bj guarantee) Report and Financial Statements Year ended 31 December 2024 Ch2ritt" number: 1158548 Compans" number: 08565380
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn Contents P2ge 2 Trustees, Report Page 13 Statement of Financial .4ctiTrities Page 14 Balance Sheet P2ge 15 Statement of Gash fioTrs Page 16 Notes to the accounts
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn Trustees, Report The trustees are ple2sed to present their annual directors, report for the Tre2r ended 31 December 2024. The teport meets the requirements for a directors, report and the accounts for Companies .Ict purposes. The fmanci218t2tements compl>" Thith the Comp2nies .Ict 2006, the _lrticles of .Is8ociation, 2nd Accountitig atid Reportitig bs. Gh2fities' Statement 0£ Recommended Practice applic2ble to charities preparing their 2ccoiint8 in accordance Trith the Financial Reporting Standard applicable in the Uk and Repubh'c of Ireland (FRS 102) (effective l J2nuarn" 202? H2rry Hall Chair Date.. 0410612025
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn l. Our Purposes and Activities The Trustees promote 2nd f2cdit2te dialogue bettN-een the TrIiddle East 2nd the Western world through grants, scho12rlTr pubhcations, atid inter£2ith fellO-ShiP retreats. In the face of an incre2singls-. I'inllent dii'ide bettk.een East and West, we enable constructis"e, inforn]ed, and open discussion, gITrg a Tr oice to a new generation of thinkers 2nd opitllon forniers. The objective of the charity is: To ad&"ance education concerning the tstid(lle East and Notth ,Ifrica (ThIENA) region for the public benefit The charirn" carries out its objectiN"e bTr' aTh-arding grants, 2n inter£2ith felloTrship programme, promoting research 2nd publishing re12ted m2teri21, thus enhancing and disseminating knoiwledge, 2nd adi"2ncing education for the pubh'c benefit. Our events are transn2tion21, multiculturaL interfaith ei'ents, attended bs" both people of western backgrounds as well as people Irom, or with roots in, the IEN,I region. The aim of such ei'ents is to foster dialogue between people of th'Eferent ethtllcities 2nd cultures, and promote mutual understanding based upon shared interests atid concerns. By supporting and eiig2gitig ac2demics, intellectu2ls 2nd public figures we generate Thllder interest in 2nd knowledge of the region 2nd understanding of its culture, both in the West and in the NIEN.I region itself. Our charity, also promotes research on the region b!" aTrarding research grants and organising forums for the presentation of papers and debate. Ive aim to pubhsh the outcomes of the reseCh presented or subsequently submitted. We also publish original and translated works of scholarship related to the NIENA region in order to further out ch2rit2ble objectii'es. In all these matters the Trustees haN-e had regard to the Chatit! Commission's guidelines on operating for the public benefit. Note that b>" the term NIEN,I, "e conceii e the reon as Ini'ollg not just the ,Irab countries, but also Turke}", Iran, Israel, the kurdish regions, etc.
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn 1.1 2024 Activities and Impact Interfaith Fellowship Retreat The 2024 GINGKO Interfaith FelloiTr ship Retreat was attended b1- 14 participating Fellows. Most were affiliated with one of the three .Ibrahamic Exiths 2nd ii-ere aged beTheell 3140. LN2tion2lities 172ried, but all attetidees were students And earls. career scholars OE religion, those interested in inter62ith dialogue or faith practitiotiers. Since its foundation, the Fellowship has become increasingl!- more dii-etse, both in tern]s of nationality, and eh'gious 2ffdi2tion of its members. The first part of the Retreat, held in Cairo, consisted of l51t5 to rehgious sites inclu(lllig the Coptic churches of Sts serll8 2nd B2cchus and the Hanging Ghurch, the Ben E2r2 S}nagogue, and _Il-,Izhar NIosque. The secotid Part of the Retreat, held at the Goptic monastell" of .InaEor2, located on the desert road bet-een G2iro 2nd Alexandria, consisted of a series of i0[kShopS and interactil-e sessions. Ahead of the Retreat, the FelloNTrs' eiyectations were centred on the opportunin- to engage NTrith their peers from different cultures and rehgions, as Trell as understanding the role interfaith dialogue could pla!: in addressing complex i8sue8. Aftenvards, FelloTh s desctibed their experience at the Retreat as 'life changing, 2nd as 2 time when the! had been able to 'hold each other's pain and anger,. The!,- also reported that the Retreat had been a 'safe space to exchange ideas and experiences., ,lfter the Retreat, an increased percentage of Fellows reported feeling confident in their kniowledge about 'an .Ibrahamic reh"on to ii-hich I do not mjself belong, and the percentage of respondents sttongl)" agreeing ivith the statement 'I feel confident in m!: knoTh"ledge about m}, reh'gyion, increased Irom 27.3 to 6? 5 percent. 75 percent of the respondents said their Iryeivs about people of other faiths had (POSIti ely) changed during the Retre2t. The convetiots of the Retre2t TOte up their experience in an 2rticle that published b}" The EcumetllC21 ReTr"ie, ('The Personal Before q& nd ,4fter the Pohtical: Case Stud!- of a Dialogue lklethodo1o. for Crisis,), journal established b}, the KK'orld Councd of Churches. GINGKO paid for the article to be made open-access. Modetated Sesslon Following the POSitiN-e response to a moderated session organised in ?023 aimed at proTriding a tUal space for members of the Fellowship programme to share their thoughts 2nd Eeelings about the ongoing Isr2el/P21estine confiict, GINGKO hosted a second, similar eTr-ent in January- ?024. The second session iiTas 5imilarlv well- received by those ivho participated. Grants Programme GINGKO grants are aimed at supporting academic research into the histor)", art history. 2nd religons of MEINA, 2S IITell as to support interEaith/inrercultur21 encounters that bring together people from NIENA and the West. C,ING.IKO offers three kinds of grants: The Werner Iklark Linz Trlemorial Grant is a medium-scale aTrard to fund academic tesearch projects, conferences or svmposiums on one or more of C.INLC.LO's academic subject areas - the history, att 'story or rehgions ol the IKIEN.4 reon - in an!" time period.
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn The Research Grant is a small-scale aiyard to fLmd academic research, conferences or s!Thposiums on one or more of CILNC,KO's academic subject 2re2s - the h[Or[", art historp or relw.ons of the NIENA region - in an!" time period. The Encounter CJr2nt is 2 sm2ll-sc21e aii-ard to fimd interEaith 2nd/or intercultural encounters that bring together people from NIEN.l and the W'est. 2024 Grant Recipients 40 applications were receiiTed atid 7 grants were 2Th2rded. Cjrants There aw2rded to those projects that most clearlTr' demonstrated an intetition and ability. to improi-e mutual understanding between hIENA and the West in an impactful Th"a!,, furthering GINGKO'S charitable aim. Wemer Mark Linz Memotial Grant Dr Keelan Overton Tbe EMaN/tyadelJ Yaljjpa at Tlaramin." Online EA"bil)i/ion LJiFing Iranian S/)rine This (Iw'tal project concerning an Itanian shrine 50Uth ol Tehran was distinguished bl. its forn]at as an online exhibition, its use of interdisciplinan: methods and bilingual presentation (Enghsh-Persian), 2nd most of all b>. its equal inclusion of scholars based in Iran. Ix'ithin M-o Tr-eeks of launching, the exhibition had OTr er 1200 unique visitors, and was accessed in Enghsh, French, Persian, Gennan, Dutch, Japanese, Russian, Turkish and .4rabic. Reseaich Grants Dr Nader Sayadi aryatiijes.. Tlje IlIal Culiiire OJ tVesiAnan EllJno/oi in 2lmen¢a This research project investigated the forn]ation of the Hall of .Isian People5 at the .Imerican Trluseum of N2tur21 Histori, (-ILI,INH) in Ne- I'ork Citi:, Ivith a focus on the galleries concerning West Asi2 2nd the World of Islam,. It facilitated a comprehensii'e understanding of the collection, exhibition, and presentation of the material culture of the Islamic Trorld within the broader context of ethnolo. museums in the LTnited States. Dr Efrat Aviv Religious DynaMi6J' in ErdOga J" Turkej,: Exploring ilje 1ttoa6't oj Siate-Religion Re/a/iop/s OK the Turkish Jewis/J CoMtMunity EEr2t ANiN"'s research 2n21Tr'se the trajector). of reh.0S strengthening or weakening within the Turkish Jewish communiti, ftom the inception of the Turkish Republic to the present da}. The primary objective is to 'scern potential correlations bet-een the tellou5 dl-namics ol the general Tkish Trluslim society and those of the Jewish con]munity in Tutke)". Dr Gizem Tongo Tbe l)tfo/nan F.'2xPire ibe 1900 Puns F.'xPosihon." Onenlulism. Roresenldlion, und Idenllty The Ottoman Ei mpire at the 1900 P2ris Elposition will focus on the participation of the Ottoman Empire at the Exposition L,niverselle of 1900 organised in Paris, Trith a focus on the art of painting and draiiling on archi&"al source5, eyhibition catalogues, att reNieTr 5, diaties and memoirs.
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn Encountet Grants Dr Kusha Sefat Book Talk(s) in ihe l -' ,K CJennanJ This series of book talks at unii'ersities in the L'k and Gern]an!- saTh- kusha Sefat introduce his latest bool ReiJo/Ation of Tl)ings.' Tlje Islamism aKIl PoJ.t-lIaMls/Th ol ObJe<ts in Tel)ran, to audiences at si¥ higher education institutions in the LTK and Gem]an!- in June 2024. Dr Abdul Basit Zafar, Dr Salda Mlrsadri and PhD Candidate Elena Dini IKfer-ciiltHra/ Worksbop Lubore This series of iorkshops for students and s.oung scholars addressed the complex interpl2!.' between culture 2nd teh'gyion in Pala'stan. With sessions focusing the interactions betTreen li luslim leaders and communities with their ChLi8ti2n 2nd Shia counterparts, the sessions - held in Lahore-RaiN-alpindi 2nd Is12mab2d - proiryded 2 space for the deiTelopment of ideas for peAceELd solutions, atid eiplored the complex cultur21 iTieS th2t underhe dis2greements. Professor Jonathan Conlin Fmm to Einpatty.. Tttrk/i"l)/GTrek Hig/J Si'ljool Teai'ljers Co-Ctta/e iNTewAppn?a<l)es lo a Sljattd Past ofIMpenal This encounter 2nd collaboration between Turkish 2nd CJreek second2rp school histort.. teachers enabled the deiTelopment of le.2rning actiTrities to equip student5 to challenge nationalist nattatiiTes and to engage CriticallTr" with ke! concepts like 'n2tion', 'minoritt"' 2nd 'migryant'. From Encounter to Emp2thTr', a workshop held in L2u82nne from ?3-27 June ?024, (Ill result in the reconceptU21ization of a piiot21 episode in modern CJreek 2nd Turkish history as a shared experience. Publications GING.IKO's pubhcation series continued in ?024, Th-ith the publication of the follo1ing volumes: iafionulism in the Art"lJiterf/rfre 0] Jllodern Irun b!" NilooE2r K2khi HaJ and /be Arts oj Pilgnmage.. EJ"iaJiJ" in Honozir oJ,lasser David KlJa/i/i edited b). Qaisra M. Khan with Nahla Regi2ne C.liange." A,'ew Hori-offs in Islamic Art dnd Visudl Culture edited bs, Christiane Cjruber 2nd Bihter Esener In January ?024, GINGKO made four backlist titles (, ew Tljinknng in JslaiTh, On LJiera/uff Pl)i/oJ'opl!y, Art Trade at2d Cu///ire, and The First IVor/il Ivar and ils21]/em/ai/)) open access on the website of the academic platform J.%TOR, 2 leading digital hbr2ry of schol2rl!". Participating in the JSTOR open access program en2bled 13,658 institutions worldwide - including 5,007 global hgher education institutions and 4,14? secondary schools - to access those four books Iree-of-charge (Thryth no usage limitation) to the benefit of man). thousands of users. Staff C,ING.IKO engaged a &ee12nce N12n2ging Editor for its publishing programme in NoiTember 2024. Duties of the tole include Th"orking ryth GINGKO'S Series Editors to deN-elop the publishll]g programme, drawing up contracts and agreements, as well as managing the editorial process, production and the peer relryeiv process.
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn Fundraislng and Partnerships C,ING.IKC) is grateful to Stiftung - CJingko Librau" for their donation of £34,948 to support the Interfaith Felloiv8kn'p, £36,180 to support the CJranrs Programme, 2nd £16,570 to support 2 The CJre2t CJ2me of Pandemics: SanitarTr' Internationalism in the [ladIe East and Ni 'Orth .Ifrica, 1792-1942,, a project GINGKO is co-Eunding together ivith the Duich Research Council (xIO). 2. FAnancAal review Investments and Reserves The Chariry s inN"estments are managed b!" ETr-elim Parmers and are dralwn upon b!, the Charity, as and ivhen required. Due to income from Stiftung - CJingko Library" and existing c2sh assets held bs, the Chariry,, withdr2Th2ls from the ini'e8tmeni portfolio ii-ere limited to L?O,000 in ?024. _It the end of the }Te2r, the Charity's inN estment portfolio 11th E"e15"n Partners stood at £1,544,379. Ittvestlng powers and policy The aim of the inN esttnetit is to provide stead!. and repe2t2ble returns with I0-. I'o12tiliryT and risk. The Trn8tees haiTe instructed Ei"el}m Partners to ensure the in"estmentS the!- manage on behalf of the Charity are inNested tesponsiblTr' and ethicall!" and that ESG lactors are weighed alongside traditional financial considerations NTrhen inN estment decisions are made. The Trustees continue to plOdICall!.' reiyiew the iniTesttnent strategy. Plans for 2025 GINGKO Interfalth Fellowship C,ING.IKO ivill host its 2nnu21 FelloTrship Retreat in Switzerland in September 2025. The theme of the Retreat qll be 'Productii'e Encountets I1th Polemical Texts . -{ conTrening committee of six scholars and faith leaders, two from e2ch of the Abrah2mic faiths, Ivill meet regularls" in the months preceding the Retreat to prepare the texts 2nd methodologies that the C,INCKO fellows Th-ill make use of during the Retre2t itself. Three members of this con&"ening committee Th7ill conTh"ene the Retreat proper. During the Retreat, the Fellows explore the wavs in which their respectii'e traditions polemicize each other. The Retreat Till be held at Chateau de BosseTr' in Sivitzerl2nd, ii.ith Fellows arriiTing Nlond21" I September and departing frida! 5 September. The Retreat include slte Nisit5, text workshops, the presentation of short papers, and the opportunity to share each other's ritu21 eyperiences 2nd traditions. Grants C,ING.IKO continue its 2n gr2nt-giiTing programme, offering grants to support research and encounters, atid for larger sc21e academic research projects. ils in preiqous }"ears, the grants Eor research 2nd encounters will offer funding up to £3,000 and as man!" as three research grants and three encounter grants be awarded. The largyer grant, the Werner Mark Linz N,Iem0ri21 (WTh,Iknlfj CJrant, will be for up to £1 0,000 and 2 m2ximum of one CJf2nt will be aiv2rded. The grants be 2di-ertised ]delI. and promoted through academic 2nd interE2ith netwotks. Application requirements iTr-ill differ depending on the grant apphed for, but all apphcations uall be eviewed bTr selected academics, or those Thith a track-record of organising encounters. .4ll grant recipients must haiTe completed their projects Trithin ttTro-)ears ol recei1g the grant and -ill be required to submit a report and budget to GINGKO on the project's completion.
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn Publications GINGKO all continue to publish scholarlTr" ii-orks promoting a greater understanding of the Nlid(lle East and North African (Tr,IEN.I) region. Publications scheduled for 20?5 indude: Saenle È7nd C.ii,Ylisalion belween Islum und C.linfliulli4, b!. Nluhamm2d '.Ibduh Tbe Ideu of J'ersiu.. A l)bi/osopbiciJl InqHii)' bTr" R2min Jahanbegloo Po2ver, ReJ"ii"tan¢e, Ideologi, ilje Sial*.' C-1)dr/e Tnpp and ilje Cotyaralipe Po/ili¢s ol ihe il,Iidd/e East, Eth'ted by Toby Dodge, ,Ih ,Insari and Daniel Neep Measuring Impact In ?024 G,INCKO made use of 2 toolkit dei eloped b!" the W'oolf Institute in C.2mbridge designed for the eTr'aluation of interfaith engagement to assess and measure the impact of the 20?4 Interfaith FelloNTrship Retreat. In ?025 GINCIKO continue to take steps to improi'e lis learning 2nd imp2Ct measurement. 4. Our Volunteers and Advisors C,ING.IKO is grateful for the support and help throughout 9024 oEI"olunteers whose support en2bles the ch2ritS' to continue to meet its objects. 5. Reference and administrative details Chatitp" number: 1158548 Company number: 08565380 Regyistered Office: 4 IKIolasses Row, London SIVI 13LTr Auditors.. Guj" Plai-fet, Nlalthouse & CompanTr Lllmited, Chartered .Iccountants and StatOry Auditors, ,Imeric2 House, Rumford Gourt, Rumford Place, lii'erpool L3 9DD Bankers: HSBC, 76-78 Iong's Road, London SIV3 4TZ, L Solicitors: Russell-cooke, ? PutneTr Hill, London SW'I 5 6.113, LIK IniTestment N,12n2gers: Ei'els:n Partners, ons1oT House, OnsloTr St, Guildford, Surre}, C,LTI 4TL Directors and trustees The directors of the ch2ritsble comp2nTr (the chariti") 2re its trustees for the purpose of charity la:. The trustees 2nd officers serving during the ve2r -ere as follOs. Mohammed CJam21 ,Ibdelnour Ielanie Gibson Ham Hall (Chair) ,Ixel Hansing (resigtied ?8 LJIarch 20?4) Christiane Hansing (resigned 28 ts,Iarch ?0?4) CJeorgi08 Nlanginis B2rbara 5chivepcke (GEO)
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn Julie Siddiqi (appointed 16 December 2094) Stephen Sklaroff Secretary: Luz Agudera 5.2 Key personnel Charity" Administrator: Nadja HanTard 6. Structure, Governance and Management 6.1 Governlng Document GINGKO is a companv Itmtted b!- guarantee goTr-erned b)- its .Irticles In5ed in .lugust ?017; it ivas incorporated on I l June 9013. It is registered as 2 ch2ritt" with the G.hariti. Commission. ,In}Tone 017er the age of 18 can become a member of the Compan! and there are currend!" _ members (2 in 202?), each of Trhom agrees to contribute a sum not exceeding £10 e2ch in the eN"ent of the charity: Tr'inding up. 6.2 OrganAsatAon The board of trustees, Th-.kn'ch currentlTr" ha5 sei-en members, administers the Foundation. The trustees meet at least three times each J'ear, 2nd the meetings routinel!" coi-er dei-elopment, ongoing projects, finance and persotind. Members OE the b02rd of Trustees are expected to gil'e 2diice 2nd encouragement, 2nd to offer warnings. D2!- to-da! decisions concerning planning, ptogrammes and projects are delwted to the CEO. Neiv trustees undergyo 2n induction process to brief them about their obltionS 2nd the!" are encouraged to 2ttend appropriate atid regular dttectors, meetings to help understand their role. Trnstees qre fvrther responsible for: - Ensuring that the ch.2ritir is camThg out its purposes for the public benefit - ComplTring with the chariti-'s gos"erning document and the la ,Icting in the charity s best interests Setting the strategic direction of the charitt" managIng the charity's tesoutces responsibl ,Icting with re2son2ble care 2nd skill Ensuring that the charitir is accountable - Preparing and approving the charitt"'s annual financial statements 6.4 Related parties and co-operation wlth other otganlsations The trustees receiNe no remuneration or other benefit from their work ryth the Foundation. ,In}' connection between 2 Trustee ivith ani". contr2cied consult2tit or suppher must be disclosed to the full b02rd of trustee8 in the same wa! as any other contractual relationship Trith a related paw. In the current no such related party transactions Th"ere reported.
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn 6.5 Gernian Tteuhandstiftung Closely affdiated Nvith GINGKO is a Gern]an Treuhandstifrung (Stiftung - Gingko Libiari,), estabhshed on 30 June ?015 and administered b>" the Haus des StiEtens inL I lunich, Stiftuiig - CJingko Library, enables CJertn2n taxpaTrers to donate to GIN'GKO tax efficientl!". StiltLmg - Gingko Library. is an affih'ated orgyanisation to GINGKO and funds donated to Stiltung- Gingko Libran- are used eiclusii'el!: to support projects either initiated bTr' C,ING.IKC) or that further C.INC,KC)'s aims. Stiftung- CJingko Libr2n' either sends ndS directlsT to G.INGIcO to suppoit its ch2rit2ble activities or disburses Eunds directl!" to further our charitable aims and objects. 6.6 Risk management GINGKO hopes to increase the les'el of donations it receii-es in the neit ?_3 }'ear period. To realise this, GINGKO started des'eloping a fundraising strategTr in 20?4. Barbara SchiN'epcke (CEO) and Nadja Harvard (C.harity ,Idministr2tor) attended short-term courses hosted b!. The Ghartered Institute of Fundr2i8ing focused on raising funds from trusts and major donors. In 2025, GINGKO will continue to dei.elop and begin to implement its fundraising stt2tegi- _ engaging proEession21 fundraising eiperts Th,here needed. 6.7 Resetves Pollcy It is a polic! of the charitt, to hold free reseTh es at a les-el which Th-ill fund future }-ears' operations. .It 31 December 2024 unrestricted free tesenTes were £1,544,379. 7. Trustees, responsibilities in relation to the financial statements C,ING.IKO's trustees (Th"ho are also the directors of CINTC.KO for the purposes of company 12w) are responsible fot preparing a trustees annual teport and financial statements in accordance Thith applicable laNTr and United I<ingdom Accounting St2tidards (LTnited Kingdom CJener2ll}' .Iccepted _4ccounting Pr2ctice}, including financial Reporting St2nd2rd 10? 'The financi21 Reporting st2nd2rd applicable in the LTK and Republic of Ire12tid'. Company laiv requires the charitt- trnstees to prepare financial statements for each Vear Thhich giTr e a true and fair vieTr of the stste of 2EE2irs of the ch2rit2ble comp2n1" 2nd the group 2nd of the incoming resources and application of iesollrces, includitig the income 2nd expenditure, of the ch2rit2ble group for that period. In preparing the financial statements, the trustees are required to: select suitable 2CCOLU]ting po]icies and then appli" them consistends" obseThTe the methods and principles in the Charities SORP; make judgments and estimates that are reasonable and prudent" to state Trhether 2ppIic2ble L:K accounting st2nd2rds hai-e been followed, subject to an), material departures disclosed and eiylained in the financial statements" prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity continue in business. The trustees are responsible for keeping proper accounting records that disclose NTrith reasonable 2ccur2Cy at an). time the financi21 Position of the charitp 2nd to en2ble them to ensure that the ffft2nci21 statements compl! with the Companies .Ict ?006. The!- are also responsible for safeguarding the assets of the charity. and the group and hence taking reasonable steps for the preN"ention and detection of fraud 2nd other irregularities. The trnstees are responsible for the n]ainten2nce and integnty. of the corporate and financial inforn]ation included on the charitable companTr s website. Legislation in the LTnited io
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn I<ingdom goirerning the preparation and dissemination of financi21 st2tements may differ from legis12tioti in other jurisdicrions. On behalf of the board of tmstees Harr! H2ll (Chair) Date: 0410612025 li
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn Independent examiner's report to the trustees of Gingko ('the Company,) I report to the charitp" trustees on mTr examination of the accounts of the Compan!, for the Trear ended 31 December 2024. ResponsibilAtAes and basis of report ,ls the ch2rity'8 tru8tee8 of the Compans. (and also its directors for the purposes of comp2ny12iv) s.ou are esponsible for the prep2ration of the accounts in 2ccord2nce with the requirements of the Companies Act 2006 (the 2006 .4ct'). H2ITing satisfied mF'8elE that the accounts of the Gompanj are not required to be 2udited under Part 16 of the 2006 ,Ict and ate ehgible fot independent eian]ination, I report in respect of m)" examination of our charity 8 Accounts as Carried out under sectioti 145 of the Charities .Ict ?01 I Cthe 2011 .Ict'). In Carrying out m}, ex2minatioti I h2Tre folloived the Directions Lryi-en bTr the G.h2rity Conllnission under section 145(5) 0)) of the 2011 .4ct. Independent examlner s statement I haN"e completed my examination. I confimi that no matters hai"e come to m} attention in connection with the examination giiTing me cause 10 beliei'e: accounting record5 Ivere not kept in respect of the CompanTr as required b}, section 386 of the ?006 ,Ict' or the accounts do not accord iTrith those records" or the accounts do not compl!" Trith the accounting requirements of section 396 of the 2006 ,Ict other than an)" requirement that the accounts gil e a true and fair i7ieTh- which is not 2 matter considered as part ol an independent examination; or the accounts has-e not been prepared in accordance Nwith the methods and principle5 of the .%tatement 0£ Recommended Practice for accounting and reporting b!.. charities (applicable to charities preparing their accounts in accordance iiryth the Financial Reporting Standard applicable in the L k and Republic ol Ireland (FRS I O?)). I have no concerns and has"e come across no other matters in connection Trith the examination to which 2ttention should be drawn in this report in order to enable a proper understanding of the accounts to be eached. 50).-44GIIT*II CJUIT Playfer B,{ rc.-I Ialthouse & Company Chattered .Iccountants America House, Rumfotd Court Rumford Place Li&"erpool Mer8e}"8ide L3 9DD Date.. 0610612025 12
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn Statement of Financial Activitie5 (including income and eipenditure account) for yeydr ending 31 December 2024 2024 Total FUd5 2023 Total Fund5 Unrestricted Funds Restricted Funds Unrestricted Restricted Funds Funds Income Donations and Grants Income from other trading activities Gain on currency exchange Interest receivable Income from investments 110.892 93.698 204,590 1.243,080 60,000 1,303,080 61,961 (597) 974 35,827 61,961 (597) 974 35,827 67,311 (579) 894 18,837 67,311 (579} 894 18,837 Total Income 209,057 93,698 30? 755 ,329,543 60,000 1,389,543 Expenditure Expenditure on raising nds: Trading activities cost Expenditure on charitable activities (30,500) (30,500) (33,768) (4,159) {37,927) (205.869) (84,792) (?90,661) (164,357) (109,277) (273,634) Total Expenditure (236.369) (84,792) (3?1,161) (198,125) (113,436) (311,561) Gainl(loss) from investment 82.578 82.578 77,756 77,756 Net income I (expendilure) 55,266 8.906 64,172 1.209,174 (53,436) 1,155,738 Reconciliation of funds Total funds brought forward 17 1,570,407 13,742 1,584,149 361,233 67,178 428,411 Total funds carried forward 17 1,625,673 22,648 1,648,321 1,570,407 13,742 1,584,149 All income and expenditure derive from continuing activities. The statement of financial activities includes all gains and losses recognised during the year. 13
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn Balance Sheet as at 31 December 2024 Company Number 08565380 Note Unrestricted Restricted 2024 Unrestricted Restricted 2023 Fixed assets Investments 1,497.995 1,497,995 1,332,342 1,332,342 Total Fixed Assets 1,497,995 1,497,995 lJ32 J42 1,332 J42 Current assets Stock Debtors Cash at bank and in hand 12 13 76.950 10,160 76,950 10,160 85,444 39,227 85,444 39,227 47,962 2?.648 70,610 182,108 13,742 195,850 Total current assets Liabilities Creditors - Amounts falling due within one year 135,072 22,648 157,720 306,779 13,742 320,521 15 (7,394) (7.394) (68,714) (68,714) Net current assets 127,678 22,648 150J26 238,065 13,742 251,807 Total assets less current liabilities 1,625,673 22,648 1,648J21 1,570,407 13,742 1,584,149 Net Assets The funds of the Charity: Unrestricted incotne funds Revaluation reserve Restricted income nds 1.625,673 22.648 1,648J21 1.570,407 13.742 1.584,149 17 1,551.459 74,214 ,551,459 ,514,280 56,127 1,514,280 56,127 2?.648 22,fv18 13,742 13,742 Total Charity Funds 1.625,673 22.648 1,648J21 1.570,407 13.742 1.584,149 The trustees have prepared group accounts in accordance M'ith section 398 of the Companie5 Act ?006 and section 138 of the Charities Act ?01 l. These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and conslitule the annual accounts required by the Companies Act ?006 and are for circulation to members of the company. For the financial year ended 31 December 2024 the Charity wa5 entitled to exemption from audit under s477 Companies Act ?006 and no notice has been deposited under s476.The financial statetnents were approved and authorised for issue by the Board. Signed on behalf of the board of trustees Harry Hall, Chair of trustees Date: 0410612025 The notes on pages 16 to 23 form part olthese accounts. Company registration number: 08565380 14
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn Statement of Cash Flows for year eDdiDg 31 December 2024 Note 2024 2023 Cash generated in operating activities: 16 (78J68) 1,037,925 Cash flows from investing activities: Dividends and interest from investments 35,8?7 82,578 974 18,837 77,756 894 Gainlloss on sale of securities Interest received Lossl galn on currency exchange (597) (579) Net cash generated in investing activities: 118,782 96,908 Increase in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 40,414 1.134,833 1.528,192 93,359 Total cash and cash equivalent5 at the end of the year ,568,606 1,528,192 Cash and cash equivalents consist of: Cash at bank and in hand 70,611 1.497,995 195,850 1.)32,342 Trade securities (included in current asset investmenls) I,i68,606 1,528,192 15
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn Notes to the accounts I Summary of significant accounting policies a) General information and basis of preparation Gink-go 15 a compan). limited by guarantee, incorporated in England and Wales '1th a registered number 08565380. The registered office is 4 Molasses Row, London, SW I13UX. In the event of the charit). being M'ound up, the liability in respect of the guarantee is limited to £1 O per member of the charity. The chariti, constitutes a public benefit entit! as defined by FRS 10? The financial statements have been prepared in accordance with Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance ii'ith the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October ?019, the Financial Reporting Standard applicable in the United Kingdom and Republic olIreland (FRS 102), the Charities Act 201 I, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial slatements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rowided to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presenled unless otherwise stated. b) Funds Unrestricted ndS are available to spend on activities that fillther any of the purposes of charity. Designated funds are unrestricted funds olthe charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific artistic projects being undertaken b}. the charit),. c) Income recognition Income is recognised w'hen the charity has entitletnent to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income M'ill be received, and the amount can be measured reliably. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of perfomlance before entitlement can be obtained, then income is deferred until those conditions are llY met or the lfilment of those conditions is within the control of the charity, and it is probable that they will be fulfilled. Investment income is recognised on a receivable basis. d) Donated professional services and faeilities Donated professlonal services and donated facililies are recognised as income when the charity has control over the item, any conditions associated with the donated item have been mel. the receipl of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the friends are not recognised. On receipt, donated professional services and donated facilities are Tecognised on the basis of the value of the gift to the charity which is the amount the charity 'OUld have been '111]ng to pa)r to obtain services or facilities of equivalent economic benefit on the open market: a corresponding amount 15 then recognised in expenditure in the period of receipt. 16
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn Notes to the accounts l Accounting Policies (continued) e) Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required: and the amount of the obligation can be rnured reliablj. Expenditure is classified under the following activity headings: Expenditure on charitable activities includes the costs olconferences, including the flight tickets, and accommodation of the speakers undertak-en to further the purposes of the charitv and their associated 5UPPOrt costs. Other expenditure represents those items not falling into the categories above. fj Support costs allocatioll Support costs are those that assist the work of the charity but do not dArectl)I represent charitable activlties aiid include otyice costs, governance costs, administrative pa)'roll cosls. They are incurred dlrectly in support of eipenditure on the objects of tlie cliarity and include project management carried out ai Headquarters. Where support costs cannoi be directly attributed to headings, they have been allocated to cost of raising fimds and expenditure on charitable activities on a basis consistent with use of the resources. g) Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estiniated reliably. Creditors and provisions are nornially recognised at their settlement amount after allowing for any trade discounts due. h) Corporation Tax The chariti, is exempt from tax on income and gain5 falling within section 505 of the Taxes Act 1988 OT section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. i) Going concern The financial slatements have been prepared on a going concern basis as the trnstees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expecled level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure are sutTicient with the level of reserves for the charity to be able to continue as a going concern. j) Significant judgements and estimates The following judgemen(s (apart from those involving estimates) have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements.. Apportionment of support and governance costs acTOSS charitable activities. The most significant accounting estiTnate is the Valuation of stock- see note 14. The estimates and underlying assumption5 are reviewed on an ongoing basis. k) Fixed Asset Investments The chariti, has investments in trade securities which it holds for resale OT pending their sale and cash and cash equivalents M'ith a maturity date less than one year. These include cash on deposit and cash equivalent5 with a Tnaturity date of less than one year held for investment purposes rather than to meet Short term cash commitments as they fall due. Trade securities have been valued at Market Value at Balance Sheet date. l) Stock Stocks are valued at the lower of cost and net realisable value. after making due allowance for obsolete and slow-moving stocks. 17
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn Notes to the accounts 2 Income from donations and grants 2024 2023 Donations Grants Donated facilities and services 3,466 93,698 107,426 ,135,654 60,000 107,426 204,590 1.303,080 The income from donations and grants was £?04:590 {?0?3- £1,303,080) olwhich £110,892 was unrestricted (2023.. £1,243,080) and £93,698 restricted (?0?3.. £60,000). Reslrieted donations and grants inelude: Stiftung Gingko Library - £34.948 towards The Interfaith Fellowship Retreat. Stiftung Gingko Library - £36.180 towards The Grant Programme. Stiftung Gingko Library - £16.570 towards The Great Game of Pandemics. The Barakat Trust - £6,000 towards the Stars Over Mashhad project. Unrestrieled donations and grallts include: The charity is very grateful to Haus Publishing Ltd for its continue support seconding two staff members to help with Project management, Book production and Accounts. The estimated value of these services is £33,926 (2022.. £33,926). The Charity continues to benefit immensely from the support of its volunteers. Dr Barbara Schwepcke and Dr Melanie Gibson: who provided professional services during the vear as Chief Executive Officer and Art Series Editor respectively. The estimated value olthe5e services is £63:500 (2023= £63.500). It is also very grateful to Dr Barbara Schwepcke who provided the olfice space for the charity to operate smoothly. The value of such professional services and facilities are recognlsed w'iihin incoming resources as a donation, and an equivalent charge included within the relevanl cost centres. In accordance with FRS 102 and the Charities SORP {FRS 10?), the economic contribution of general volunteers is not recognised in the accounts. 3 Income from trading aetivities Restrieted Unrestricted Funds Funds 2024 2024 Restrieted Unrestricted Funds Funds 2023 2023 Book sales 61,961 67,311 Total income from trading activities 61,961 67,311 4 Income earned from investment The results of The Charity's investment of £l18.405 (?0?3-. £96:593) aTi5es from profits on disposal of investments, dividends and interest received from investment in Irade securities. 18
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn Notes to the accounts 5 Analysis of expenditure on trading activities Restricted Unrestricted Funds Funds 2024 2024 Restricted Unrestricted Funds Funds 2023 2023 Book Sales commission Book publicity and promotion Book distribution and storage 11,800 11,818 7,109 14,841 4,159 15,478 30,500 4,159 33,768 6 Analysis of expenditure on charitable activities Year 2024 Fellowship Publishing Grants Total Book production expenses FelloShip retreaVprojects Grants programme Other grants Governance costs (see note 7) General support Costs (see note 7) 39,032 39,032 33,794 25,359 17,361 41,700 133,415 33.794 25,359 17,361 16,680 33,354 16.680 8.340 57,368 93,167 104,740 92,754 290,661 The total expenditure on charitable activities wa5 £290:661 (?023= £273,634) of which £205,869 was unrestricted {?0?3- £164,357) and £84,792 'aS restricted (?023- £109 ?77). All restricted expenditure was related to Publishing, Fellowship Retreat and Grants. The Charity initially identifies the costs of its support functions. It then identifie5 those costs which relate to the governance function. Having identified its governance costs, the reinaining 5UPPOrt costs together m-.ith the governance costs are apportioned between the three ke), charllable activlties undertak'en (see note 7) in the year. Refer to the table below for the basis for apportionment and the anal)Isis of support and governance costs. Year 2023 Fcllowsbip Publishing Grants Total Book production expenses Fellowship retreatlgrantslprojects Grants Governance costs (see note 7) General support Costs (see note D 63.746 63,746 32,076 12,000 35,360 130,452 32,076 12,000 14,144 32,613 14,144 41,745 7,072 56,094 87,965 126,912 58,757 273,634 19
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn Notes to the accounts Analysis of governance and support COStS Governance costs are apportioned across ihe charitable activities. splii 40120140 (2023.. 40120140) between FelloThship retreat, publishing and grants. This apportionment is dictated by an estimate of the respective time dedicated by the trustees to each activity. Support costs have been apportioned using an estimate of the time spent on administrative tasks by the charity on each of the activities. Expenditure on the Retreat constitutes financial support for organising the Gingko Interfaith Fellowship Retreat. Year 2024 General Goi'ernance support functio Basis of Total apportionment General administration expenses 35.989 35,989 Invoiced Allocated on 137,426 time 1,700 Governance Staff costs Auditor/Independent Reviewer Fees 97.4?6 40.000 1.700 133.415 41,700 175,115 Year 2023 General Goi'ernance support functio Basis of Total apportionment General administration expenses 33.0?6 33,026 Invoiced Allocated on 1?6,786 time 6,000 Governance Staff costs Auditor/Independent Reviewer Fees 97.4?6 29.360 6.000 130,452 35J60 165,812 8 Independent Reviewer's remuncrydtion The independent reviewerl auditor's remuneralion amounts to an independent examination l audit fee of £1.700 net of VAT (2023: £6,000) 9 Analysis of staff costs 2024 2023 Salaries Pension costs Seconded Staff Volunteers 40.000 29.360 881 33.926 63.500 33.9?6 63.iOO 138.6?6 127.667 The trustees were not paid or received any other benefits from employment '1th the Trust in the year {2023.. £nil). Only one Trustee claimed expenses frotn the Charitv during the j'ear. Mr Mohammed Gamal Abdelnour was reimbursed for travel costs amounting to £500 (?0?3= £1,651). No charity trustee received payment for professional or other services supplied to the charity (20?3- £nil). No etnployee received emplovee benefits from Gingko of more than £60:000. 20
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn Notes to the accounts io Benefits in Kind During the year two of the 5 staff were employed by Haus Publishing and seconded to the Charity, they worked part time, the other staff were employed directly by the charity. I I Investment Fixed asset investment. The charity has invesled in Trade Securities which are valued initially at cost and subsequently at fair value {their market value) at the year end. Market value at O 1.01.24 Additions Disposals Capital added Revaluation 1.332,34? 383,940 (292,501) 74214 Market value at 31.12.24 1,497,995 The investments are held in a porttolio managed by Evelyn Partners and are analy5ed as follows: 2024 2023 Fund (other instrument) Bonds sterling Bonds other 82,659 320,184 39,529 ?04,768 ?16,805 634,050 272217 87,232 206,359 273,954 492,580 Alternatives and multi assets UK Equities Overseas Equities Total 1.497,995 1.332,342 12 Stock 2024 2023 Books 76,950 85,444 13 Debtors 2024 2023 Trade debtors Other debtors 35,426 3,801 4,028 10,160 39,227 21
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn Notes to the accounts 14 Cash at bank and in hand This figure includes cash held as a part of the ittvestment portfolio of £15,720 (2023= £100:067) and cash in the Charity's cuent and dep051t accounts lor the current and the prior year. 15 Creditors: amounts falling due within olle year 2024 2023 Trade creditors Tax and social security Accruals 4,429 925 2,040 60,504 1,010 7,200 7,394 68,714 16 Reeonciliation of net movement in funds to net eash flow from operating aetivities 2024 2023 Net movement in funds Gainsl(losses) on investments Dividends and interest from investments Interest received Loss/ gain on currency exchange Increase (decrease) in stock Increase {decrease) in debtors Increase (decrease) in creditors 64,172 (82,578) (35,827) (974) 598 8,494 29,067 (61.320) 1.155,7)8 (77,756) (18,837) (894) 579 (62,230) (22,722) 64,047 Net eash generated in operatillg aetivities (78.368) 1.037,925 17 Funds Unrestricted Restricted Total Funds as at l January 2024 Net Income for the year 1.570,407 55,266 13,742 8,906 1.5&1,149 64,172 Funds as at 31 December 2024 1.625,673 22,648 1.648,321 Funds- previous year Unrestricted 3612J3 ?09,174 Restricted 67,178 (53,436) Total 428,411 ,155,738 Funds as at l January 2023 Net (Expenditure)Ilncome for the year Funds as at 31 December 2023 1.570,407 13,742 1.584,149 Movement in Funds l Jan 2023 - 31 Dec 2024: 1 ?64,440 (44,530) ,219,910 Revaluation reserve 2024 2023 74,214 56,127 22
(JlN(¥KC) d.51 Decembcr ?1124 'Lt tn Notes to the accounts 18 Related party transaetions Infomiation about related party transactions and outstanding balances is outlined below." Outstanding balances Drl{Cr) Commitment llleome Expenditure Name.. Stiftung Gingk"o Library Nature of relationship- Donor At end 31 Dec 2023 At end 31 Dec 2024 87,698 Stiftung Gingko Library is a stiftung (charity) registered in Germany that was established in 2015 to raise funds in Germany for Gingko, the UK charity. Periodically, funds raised b}. the stiftung are donated to Gingko. Two Trustees (Harry Hall and Barbara Schwepcke) are also members olthe vorstand (board) of Stiftung Gingko Library Outstanding balances Drl(Cr) Commitment Income Expenditure Name.. Haus Publishing Ltd Nature of relationship- Supplier At end 31 Dec 2023 At end 31 Dec 2024 33,926 33,9?6 3,721 6,618 556 698 Two Directors of Haus Publishing Lid are also Trustees of Gingko. Haus Publishing Ltd provides services to the Charity at cost price including sales commission, postage, provides data on titles to the book industry, shipping services. and pension adminlstration. Two staff members are seconded by Haus Publishing Ltd to Gingko to assist with projecl management and accounts, the value of their services provided to the Charity for the year is £33,926 (2023: £33,926) the value of these donated services is included in both income and eipenditure, follo,ing UK GAAP. The salary, Haus Publishing Ltd paid to the two staff members are as follows: Hany Hall £62.315 and Luz Aguilera £45:000 Mr Harry Hall is the Chair of Trustees olGingko and is a Director olHau5 Publishing Ltd. Dr Barbara Schwepcke is a Trustee of Gingko and a Director of Haus Publishing Ltd. She acts as CEO of Gingko and receives no renumeration for this work. Outstanding balances Drl(Cr) Commitment Income Expenditure Name.. The Annchair Traveller at The Bookhaus Ltd Nature of relationship- Supplier At end 31 Dec 2023 At end 31 Dec 2024 42,462 31,091 8,003 7,058 2,432 750 Dr Barbara Schwepcke is also the Director of The Arnichair Trdveller at The Bookhaus Ltd, a company that provides distribution services and storage for all Titles the Charity publishes at cost price. Only one Trustee claimed expenses from the Charity during the year. Mr Mohammed Gamal Abdelnour was reimbursed for travel costs amounling to £500 (2023: £1:651). 23