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2024-12-31-accounts

Company registration number: 08747770 Charity registration number: 1161206

British Society For Middle Eastern Studies

(A company limited by guarantee)

Annual Report and Financial Statements

for the Year Ended 31 December 2024

British Society For Middle Eastern Studies

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 20

British Society For Middle Eastern Studies

Reference and Administrative Details

Charity Registration Number 1161206 Company Registration Number 08747770

The charity is incorporated in England. Registered Office 71-75 Shelton Street Covent Garden London WC2H 9JQ Independent Examiner Paul Steele FCA 18 Newport Street Tiverton Devon EX16 6NL Accountants Withers Steele Limited Chartered Accountants 6 Oaklands Court Tiverton Way Tiverton Devon EX16 6TG

Page 1

British Society For Middle Eastern Studies

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2024.

Objectives and activities

Objects and aims

The charity's objectives are to encourage and promote interest and study of the Middle Eastern culture region from the end of classical antiquity to the present day, in particular, but not exclusively, through the dissemination of information and by the encouragement of co-operation amongst persons concerned with the scholarly study of the region.

Membership is open to individuals or organisations who are professionally and/or personally concerned with the Middle East and North Africa region. Membership is open to all regardless of nationality or country of residence. BRISMES works to promote interest in Middle Eastern studies and to raise awareness of the region and how it is connected to other parts of the world, including the UK.

The charitable company was incorporated on 24 October 2013 and commenced trading on 1st July 2021 when the funds held by the former unincorporated charity were transferred to the charitable company.

Objectives, strategies and activities

This year, BRISMES will continue with its core activities, namely:

BRISMES recognises and supports outstanding research and contributions to the field of Middle Eastern studies through a number of awards. The BRISMES Award for Services to Middle Eastern studies is an honorary award presented annually in recognition of outstanding services to Middle Eastern studies.

As part of our ongoing commitment to supporting students and early career researchers, in 2021 we established the BRISMES Conference Student Paper Prize, which supports BRISMES student members in the development of peer-reviewed work, and the BRISMES Early Career Development Scholarship. which provides funds to support activities that strengthen the academic profile and CV of an early career scholar.

BRISMES also co-funds and administers the Leigh Douglas Memorial Prize established in 1986 by the Leigh Douglas Memorial Fund in the memory of Dr Leigh Douglas, who was killed in Beirut. The prize is awarded annually to the writer of the best PhD dissertation on a Middle Eastern topic in the Social Sciences or Humanities awarded by a British University in the previous calendar year.

Page 2

British Society For Middle Eastern Studies

Trustees' Report

Public benefit

BRISMES advocates on behalf of members on issues relevant to the Society's charitable aims. Most of the advocacy work is carried out through statements and letters from the BRISMES committee on academic freedom. In 2024, the BRISMES Committee on Academic Freedom intervened in 35 cases involving violations of academic freedom in the UK and abroad.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Financial review

The BRISMES Solidarity Fund was established in 2020 to fundraise for bursaries for students, those on low incomes and those from the Global South to attend the annual conference. In 2024, this fund was used to subsidise costs of attending the annual conference for colleagues experiencing financial difficulties.

Policy on reserves

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditire. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Reference and Administrative Details

Charity Registration Number: 1161206
Company Registration Number: 08747770
The charity is incorporated in England.
Registered Office: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Independent Examiner: Paul Steele FCA
18 Newport Street
Tiverton
Devon
EX16 6NL
Accountants: Withers Steele Limited
Chartered Accountants
6 Oaklands Court
Tiverton Way
Tiverton
Devon
EX16 6TG

Page 3

British Society For Middle Eastern Studies

Trustees' Report

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Professor N Gordon, Vice-President (resigned 2 July 2024) Prof P N C P Pratt, President (appointed 2 July 2024) Dr J C Martinez, Secretary Mr W Farooq, Treasurer Dr S Plonski, Vice-President - appointed 2 July 2024 Dr L E Turner, Vice-President - appointed 2 July 2024 Dr F Alkabani Dr S Allouche Dr H Almoaibed Dr M Aouragh (resigned 2 July 2024) Dr S Chamas Dr M Charountaki Ms L S Garbett (resigned 13 April 2024) Dr W Naboulsi Dr L Ridgeon Dr P T C Rivetti Dr H Sleiman (resigned 11 April 2024) Y Zebian (appointed 2 July 2024) M Abuzaid, co-opted (appointed 2 July 2024) Dr A Shehabi, co-opted (appointed 2 July 2024)

Structure, governance and management

Nature of governing document

BRISMES was founded in 1973 and was registered with the Charity Commission under charity number 289804. On 30th June 2021, BRISMES members resolved to change the organisational structure of the Society from an unincorporated charity to a charitable company, limited by guarantee under charity number 1161206 and company number 08747770. The Charity is governed by the Memorandum and Articles of Association. All the trustees are members of the Company and guarantee to contribute £0.01 in the event of a winding-up.

Page 4

British Society For Middle Eastern Studies

Trustees' Report

Organisational structure

BRISMES is managed by the Council (trustees) who are elected or co-opted in line with the Articles of Association.

The Officers are the President, two co Vice-President, Secretary and Treasurer. The work of implementing most of the policies is carried out by the officers each has a three-year term in office. Each post will normally come up for election in successive years so that the terms in office of the Vice-President and Secretary do not terminate in the same year. In addition, Council members are elected or co-opted from among the membership for a period of three years.

All members of the Council are registered as directors of BRISMES with Companies House and as trustees of BRISMES with the Charity Commission for England and Wales. The Society's Officers and Council members (trustees) all work in an unpaid capacity. They may, however, if they wish, claim allowable expenses as our published policy. The number of Council members shall not be fewer than three. The number of elected Council members shall not be more than fifteen. The number of co-opted Council members shall not exceed five.

Between 31 December 2023 and 1 October 2024, the Society had two part-time paid members of staff, both of whom worked from home. Since 1 October 2024, one of them has gone on maternity leave, and the Society now has one full-time paid member of staff, who works from home..

The council holds at least two meetings and an annual general meeting each year. The Society's accounts are examined according to Charity Commission rules. These are presented to the AGM. The trustees of the Charity are legally responsible for the overall management and control of BRISMES.

BRISMES is the main area studies association in the United Kingdom for Middle Eastern Studies. The Society's international links make BRISMES the foremost channel through which scholars outside the UK may create co-operative links with UK_based researchers. Links between BRISMES and Middle Eastern studies associations elsewhere in the world are continually being expanded as is the Society's international membership.

Financial instruments

Objectives and policies

The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.

Cash flow risk

The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.

Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.

Credit risk

The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Page 5

British Society For Middle Eastern Studies

Trustees' Report

Liquidity risk

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.

Statement of trustees' responsibilities

The trustees (who are also the directors of British Society For Middle Eastern Studies for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The annual report was approved by the trustees of the charity on 2 July 2025 and signed on its behalf by:

.........................................Jose Ciro Martinez Signed on 08 September 2025 @ 16:13 Dr J C Martinez Trustee

Page 6

British Society For Middle Eastern Studies

Independent Examiner's Report to the trustees of British Society For Middle Eastern Studies ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of British Society For Middle Eastern Studies as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Paul Steele

...................................... Countersigned on 09 September 2025 @ 08:33 Paul Steele FCA

18 Newport Street Tiverton Devon EX16 6NL

2 July 2025

Page 7

British Society For Middle Eastern Studies

Statement of Financial Activities for the Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Other trading activities
4
Investment income
5
Total income
Expenditure on:
Raising funds
Charitable activities
6
Total expenditure
Net (expenditure)/income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
18
Income and Endowments from:
Donations and legacies
Other trading activities
Investment income
Total income
Expenditure on:
Charitable activities
Other expenditure
Total expenditure
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
1,335
127,534
1,015
129,884
2
(164,048)
(164,046)
(34,162)
(34,162)
167,652
133,490
Note
3
4
5
6
18		 Restricted
funds
£
11,603
-
-
11,603
-
-
-
11,603
11,603
-
11,603
Unrestricted
funds
£
330
128,363
871
129,564
(145,849)
(131)
(145,980)
(16,416)
(16,416)
181,918
165,502		 Total
2024
£
12,938
127,534
1,015
141,487
2
(164,048)
(164,046)
(22,559)
(22,559)
167,652
145,093
Total
2023
£
330
128,363
871
129,564
(145,849)
(131)
(145,980)
(16,416)
(16,416)
181,918
165,502

All of the charity's activities derive from continuing operations during the above two periods.

The notes on pages 10 to 20 form an integral part of these financial statements. Page 8

British Society For Middle Eastern Studies

(Registration number: 08747770) Balance Sheet as at 31 December 2024

Note
Fixed assets
Intangible assets
13
Tangible assets
14
Current assets
Debtors
15
Cash at bank and in hand
16
Creditors: Amounts falling due within one year
17
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
18		 2024
£
17,332
369
17,701
36,067
94,927
130,994
(3,602)
127,392
145,093
11,603
133,490
145,093		 2023
£
25,998
110
26,108
32,695
109,717
142,412
(3,018)
139,394
165,502
-
165,502
165,502

For the financial year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements on pages 8 to 20 were approved by the trustees, and authorised for issue on 2 July 2025 and signed on their behalf by:

.........................................Waseem Farooq Signed on 08 September 2025 @ 17:00 Mr W Farooq Trustee

The notes on pages 10 to 20 form an integral part of these financial statements. Page 9

British Society For Middle Eastern Studies

Notes to the Financial Statements for the Year Ended 31 December 2024

1 Charity status

The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.

The address of its registered office is: 71-75 Shelton Street Covent Garden London WC2H 9JQ

These financial statements were authorised for issue by the trustees on 2 July 2025.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

British Society For Middle Eastern Studies meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Page 10

British Society For Middle Eastern Studies

Notes to the Financial Statements for the Year Ended 31 December 2024

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Intangible assets

Intangible assets are stated in the Balance Sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.

Tangible fixed assets

Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Website development costs

Amortisation method and rate 20% straight line

Page 11

British Society For Middle Eastern Studies

Notes to the Financial Statements for the Year Ended 31 December 2024

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Computer equipment

Depreciation method and rate 33% straight line

Research and development

Development expenditure incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as assured. Any expenditure carried forward is amortised in line with the expected future income from the related project.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

3 Income from donations and legacies

Regular giving and capital donations
Total for 2024
Total for 2023		 Unrestricted
funds
General
£
1,335
1,335
330		 Restricted
funds
£
11,603
11,603
-		 Total
funds
£
12,938
12,938
330

Page 12

British Society For Middle Eastern Studies

Notes to the Financial Statements for the Year Ended 31 December 2024

4 Income from other trading activities

Trading income;
Sales of goods and services
Events income;
Conferences and similar events
Membership subscriptions
Trading income;
Sales of goods and services
Events income;
Conferences and similar events
Membership subscriptions
5
Investment income
Interest receivable and similar income;
Interest receivable on bank deposits
Interest receivable and similar income;
Interest receivable on bank deposits		 Unrestricted
funds
General
£
65,336
38,203
23,995
127,534
Unrestricted
funds
General
£
67,148
36,069
25,146
128,363
Unrestricted
funds
General
£
1,015
1,015
Unrestricted
funds
General
£
871
871		 Total
2024
£
65,336
38,203
23,995
127,534
Total
2023
£
67,148
36,069
25,146
128,363
Total
2024
£
1,015
1,015
Total
2023
£
871
871

Page 13

British Society For Middle Eastern Studies

Notes to the Financial Statements for the Year Ended 31 December 2024

6 Expenditure on charitable activities

Note
Annual conference
Journal
Support costs
Depreciation, amortisation and other similar costs
Grant funding of activities
Governance costs
7
Note
Annual conference
Journal
Support costs
Amortisation of development costs
Depreciation of office equipment
Grant funding of activities
Governance costs
7		 Unrestricted
funds
General
£
34,000
22,115
84,315
9,126
8,467
6,025
164,048
Unrestricted
funds
General
£
29,021
18,865
77,405
8,666
220
9,112
2,560
145,849		 Total
2024
£
34,000
22,115
84,315
9,126
8,467
6,025
164,048
Total
2023
£
29,021
18,865
77,405
8,666
220
9,112
2,560
145,849

In addition to the expenditure analysed above, there are also governance costs of £6,075 (2023 - £2,560) which relate directly to charitable activities. See note 7 for further details.

Page 14

British Society For Middle Eastern Studies

Notes to the Financial Statements for the Year Ended 31 December 2024

7 Analysis of governance and support costs

Governance costs

Independent examiner fees
Examination of the financial statements
Other fees paid to examiners
Legal fees
Allocated support costs
Total for 2024
Total for 2023
8
Net incoming/outgoing resources
Net outgoing resources for the year include:
Depreciation of fixed assets
Amortisation of website development costs		 Unrestricted
funds
General
£
700
3,450
1,841
34
6,025
2,560
2024
£
460
8,666		 Total
funds
£
700
3,450
1,841
34
6,025
2,560
2023
£
220
8,666

Page 15

British Society For Middle Eastern Studies

Notes to the Financial Statements for the Year Ended 31 December 2024

9 Trustees remuneration and expenses

During the year the charity made the following transactions with trustees:

Dr L Ridgeon

Dr L Ridgeon received remuneration of £3,000 (2023: £2,500) and £103 (2023: £101) of expenses were reimbursed to Dr L Ridgeon during the year.

Dr F Alkabani

£449 (2023: £Nil) of expenses were reimbursed to Dr F Alkabani during the year.

Dr L E Turner

£562 (2023: £Nil) of expenses were reimbursed to Dr L E Turner during the year.

Dr S Allouche

£271 (2023: £Nil) of expenses were reimbursed to Dr S Allouche during the year.

Dr A Shehabi

£408 (2023: £Nil) of expenses were reimbursed to Dr A Shehabi during the year.

M Abuzaid

£261 (2023: £Nil) of expenses were reimbursed to M Abuzaid during the year.

Dr P T C Rivetti

£228 (2023: £Nil) of expenses were reimbursed to Dr P T C Rivetti during the year.

Dr S Plonski

£404 (2023: £Nil) of expenses were reimbursed to Dr S Plonski during the year.

Dr S Chamas

£199 (2023: £Nil) of expenses were reimbursed to Dr S Chamas during the year.

Mr W Farooq

£294 (2023: £379) of expenses were reimbursed to Mr W Farooq during the year.

Dr W Naboulsi

£483 (2023: £Nil) of expenses were reimbursed to Dr W Naboulsi during the year.

Y Zebian

£382 (2023: £Nil) of expenses were reimbursed to Y Zebian during the year.

Dr M Aouragh

£408 (2023: £Nil) of expenses were reimbursed to Dr M Aouragh during the year.

Dr M Charountaki

£Nil (2023: £358) of expenses were reimbursed to Dr M Charountaki during the year.

Ms L S Garbett

£Nil (2023: £384) of expenses were reimbursed to Ms L S Garbett during the year.

During 2024 members of the BJMES Editorial Team received Honoraria as follows:

Lloyd Ridgeon, a trustee, received £3,000 as editorial chief (as noted above).

Paid to non trustees

Alam Saleh £1500 Ibrahim Halawi £1500 Ersun Kurtulus £1500 Zahia Smail Salhi £1500 Ceren Lord £1500 Elsa Tulin Sen £1500 Mohammad Kalantari £1500

Page 16

British Society For Middle Eastern Studies

Notes to the Financial Statements for the Year Ended 31 December 2024

10 Staff costs

The aggregate payroll costs were as follows:

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

Monthly average number of employees
No employee received emoluments of more than £60,000 during the year.
11 Independent examiner's remuneration
Examination of the financial statements
Other fees to examiners
All other services		 2024
No
2
2024
£
700
3,450		 2023
No
2
2023
£
700
1,860

12 Taxation

The charity is a registered charity and is therefore exempt from taxation.

13 Intangible fixed assets

Cost
At 1 January 2024
At 31 December 2024
Amortisation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Website
Development
£
43,330
43,330
17,332
8,666
25,998
17,332
25,998		 Total
£
43,330
43,330
17,332
8,666
25,998
17,332
25,998

Page 17

British Society For Middle Eastern Studies

Notes to the Financial Statements for the Year Ended 31 December 2024

14 Tangible fixed assets

Cost
At 1 January 2024
Additions
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
15 Debtors
Trade debtors
Prepayments
Accrued income
Other debtors
16 Cash and cash equivalents
Cash at bank
17 Creditors: amounts falling due within one year
Other taxation and social security
VAT grant repayable
Other creditors
Accruals		 Computer
equipment
£
660
719		 Total
£
660
719
1,379
550
460
1,010
369
110
2023
£
-
547
32,148
-
1,379
550
460
1,010
369
110
2024
£
476
1,668
32,896
1,027
36,067
2024
£
94,927
2024
£
-
(403)
1,623
2,382
3,602
32,695
2023
£
109,717
2023
£
1,137
(686)
-
2,567
3,018

Page 18

British Society For Middle Eastern Studies

Notes to the Financial Statements for the Year Ended 31 December 2024

18 Funds

18 Funds
Unrestricted funds
General
Restricted funds
Total funds
Unrestricted funds
General		 Balance at 1
January 2024
£
167,652
-
167,652
Balance at 1
January 2023
£
181,918		 Incoming
resources
£
129,884
11,603
141,487
Incoming
resources
£
129,564		 Resources
expended
£
(164,046)
-
(164,046)
Resources
expended
£
(145,980)		 Balance at 31
December
2024
£
133,490
11,603
145,093
Balance at 31
December
2023
£
165,502

Page 19

British Society For Middle Eastern Studies

Notes to the Financial Statements for the Year Ended 31 December 2024

19 Analysis of net assets between funds

Intangible fixed assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Intangible fixed assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
17,332
369
119,391
(3,602)
133,490		 Restricted
funds
£
-
-
11,603
-
11,603
Unrestricted
funds
General
£
25,998
110
142,412
(3,018)
165,502		 Total funds at
31 December
2024
£
17,332
369
130,994
(3,602)
145,093
Total funds at
31 December
2023
£
25,998
110
142,412
(3,018)
165,502

20 Related party transactions

There were no related party transactions in the year.

Page 20