GINGKO
(.4 compan!" limited bj guarantee)
Report and Financial Statements
Year ended 31 December 2024
Ch2ritt" number: 1158548
Compans" number: 08565380

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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

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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

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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, gITr￿g 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 rese￿Ch 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 re￿on as Ini'oll￿g not just the ,Irab countries, but
also Turke}", Iran, Israel, the kurdish regions, etc.

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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 beTh￿eell 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 ser￿ll8 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 i￿0[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 re￿on - in an!" time period.

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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 ￿I￿lI￿al Culiiire OJ tVesiAnan EllJno/o￿i 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￿.0￿S 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 tell￿ou5 dl-namics ol the general T￿kish 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.

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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-l￿IaMls/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 i*orkshops 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 iTie￿S 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 follo1￿ing 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.

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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 p￿lOdICall!.' 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 I￿1th 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 recei1￿g the grant and ￿-ill be required to submit a report and
budget to GINGKO on the project's completion.

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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 Sta￿tOry 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, ons1o￿T 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 follO￿s.
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)

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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 I￿n5ed 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 obl￿tionS 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"
manag￿Ing 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.

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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

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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

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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

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d.51 Decembcr ?1124
'L￿t tn
Statement of Financial Activitie5
(including income and eipenditure account)
for yeydr ending 31 December 2024
2024
Total
FU￿d5
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

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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

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d.51 Decembcr ?1124
'L￿t 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

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d.51 Decembcr ?1124
'L￿t 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

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d.51 Decembcr ?1124
'L￿t 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 rn￿ured 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

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d.51 Decembcr ?1124
'L￿t 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

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d.51 Decembcr ?1124
'L￿t 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
Fello￿Ship 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

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d.51 Decembcr ?1124
'L￿t 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

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d.51 Decembcr ?1124
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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

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d.51 Decembcr ?1124
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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 cu￿ent 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

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d.51 Decembcr ?1124
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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