The British Trust for Tantur Annual Report and Accounts Year Ended 31 March 2024 NN TU/¢ /tRusAIE
Trustees Report Adminlstrative Information The British Trust for the Ecumenical Institute for Advanced Theological Study in Jerusalem {known as the British Trust for Tanturl is a charity registered with the Charity Commission for England and Wales- number 261410. The registered address of the trust 15 that of the Treasurer: 9, Holly Lane Margate Kent CT9 3NA. Correspondence concernin8 financial and regulatory matters should be sent to this address. Correspondence on more general matters should be sent via the Chairman Professor Judith Lieu, 13 Clarendon street Cambridge CBI or by e-mail to m168 am.ac.uk. Trustees who have served during the course of the financial year were". Professor Judith Lieu Choimion Rt Revd John Went Vice Chairman Julian Hi115 Treasurer Ms Molly Boot Mrs Penny Brackley Revd. Simon Goddard Revd Jonathan Goodhall Most Revd Bemard Longlev Mr Benjamin Preece Smith Canon Dr Andrew Smith Revd Dr Janet Tollington Very Revd John Witcombe Strurture Governance and Management Trustees are appointed by the trust board under the Trust Deed dated 10 July 1970. Meetings are held bi-annually to hear reports from the Institute at Tantur, determine priorities. award 8rants and approve the financial accounts. th Objettives and Artivities Under the Trust Deed dated IO, July 1970, the Trustees are empowered to use the annual income of the trust to support, in the first instance, the work of the Ecumenical Institute for Advanced Theological Studies subsequently established at Tantur near Jerusalem Ithe Institute at Tanturl. The Trustees having given due regard to this primary objective, may apply the income to other charitable causes, particularly, but without prejudice. sUPPOrting ecumenical learning. The Trustees seek to fully support a p05t-graduate to study for an extended period from a designated fund known as the'Woods-Gumbel' Fund named in honour oftwo earlytrustees. The Tnjst also makes one off support grants to people who wish to study privately at the Instttute of Tantur normally in the region of £2,CMXI.
A¢hlevements and Perfornian The T has planned to run a Pgrimage of Reconcilialion for Peace tojentsalem In 2024 ftYwun8 peOe aged between 21 and 35 hosted at the Tantur Ecumenlcal Institute in Awil 2024. 32 partlclpants had been selected and plèns ThTre In place to tr1 in April 2024. H(hve¥er. the vAr whith erupted In Gaza towords tr end of 2023 and the prwdlling unstable securty situation has used the postFrfJnement of this lrfp untll Aprfl 2025. One parttcipant has wlthdrawn and the remaSnlng 31 have paid thelr deposlts of £1 and deposlts have been pald to e fi58hts. We pr•rf that the sltuation will improve, and peace wlll be restored to the reglon. No other 8rants fDr Indmdualsor wpstQ sw at the Instltute in Jerusalem were avArded thlsyear. Flnanclal Performance The Trustees attheir meeth¥ in June 2023 to chae the fiftanclal y end the 5" Awll to the 31Jt Mardl Thts Is first year thatthls chary has been implemented. As noted above the trnst recelved £lQ) dw&tsfTom 31 partldpants forthe Pll8rfny of Reconciliation originally intended for Aprll 2024 but now pOstpC to Aprtl 2025. The trust paid dep051ts ofjust over £25k to secure accommodallon and fl18hts tojerusalem forthe esconed youp. Income predomlnath arfses from dlvldend5 and interest on the tru With the Increase in interest rates, Interest on deposits has Increased si8nlficath. Follrywln8 Steep dedlnes In v4lues in 2022-23 following the outbreak of war in Ukraine the value of these In¥estments has not yet recovered to prwdr knls. The Charlfund Irfftstsxents ended the year sli8htty at lUeS below the le4el for the year end 2023 although thè Ino>me from the Investments Increased sllghtty. The trusys cash balances remain adequate to cobv anticipated expenditire. Apwoved bythe Trustees on 5 June 2024 and s18ned thelr behalf lry: Pr(rfeSSorJffth Ch•kn•n
Flnanclal Statements for the year endlng 31st March 2024 Income & Ex ndi re Account Notes Ilnrestrlcted DÈsSBnt•d Re5trkted 2024 2024 zo Totsl 2024 Total Recelpts I0 from Inv•strnents Investmerit Irorne Bank Deposlt CCLA Deposit 19.062 1.534 1,275 50 12,526 31.588 1,535 30,670 2.313 1,566 49 Opos1ts for Pll6rlma8e of Reeondll•thn 3,1 3,1(Xl fttt•lpts 21,921 17.940 39I61 32.629 Payments (tharitable Actlvkles GrantslFees 2024 PilRrimay ol ReconcAbation 25.144 25.144 831 Goveman¢e Meetings & Expenses 641 Total Pvmwnts 25.144 2s.n4 3,472 t4ett In¢0m51((wF Resourt¢¥ 21,341 17,2041 14.137 29,157 Unre•ll$ 1/(LO551 <>n Investments 17.0941 14.6721 1141 {11.7801 133,6301 N•tt I1elIDe¢1l In Funds 14,247 111,876) (14 2.357 {4N731 Funds •t B0in1 of Fln•KW YMI 413.558 296,765 654 710.977 715.449 Funds at End of FIand Y•4r 427JlS 284.889 713,334 710.976
Rnandal Statements for the year endlng 315t Marth 2024 Icofttlnued) at31Mwth Prnwrrt Eolrt Wood5frdbw5hlp 654 216.761 329,191 211 322.097 321097 77.333 87 65,616 23386 . Permarrt ErthThErt . Wo(*ls Gumbel 43.95 L456 L456A 22.120.83 L4K( 43JS 212,CeO 14565A3 322.C87 21120.142 654 216,761 329,191 IA88.LS
The British Trust for Tantur Annual Report and Accounts Year Ended 31 March 2024 NN TU/¢ /tRusAIE
Trustees Report Adminlstrative Information The British Trust for the Ecumenical Institute for Advanced Theological Study in Jerusalem {known as the British Trust for Tanturl is a charity registered with the Charity Commission for England and Wales- number 261410. The registered address of the trust 15 that of the Treasurer: 9, Holly Lane Margate Kent CT9 3NA. Correspondence concernin8 financial and regulatory matters should be sent to this address. Correspondence on more general matters should be sent via the Chairman Professor Judith Lieu, 13 Clarendon street Cambridge CBI or by e-mail to m168 am.ac.uk. Trustees who have served during the course of the financial year were". Professor Judith Lieu Choimion Rt Revd John Went Vice Chairman Julian Hi115 Treasurer Ms Molly Boot Mrs Penny Brackley Revd. Simon Goddard Revd Jonathan Goodhall Most Revd Bemard Longlev Mr Benjamin Preece Smith Canon Dr Andrew Smith Revd Dr Janet Tollington Very Revd John Witcombe Strurture Governance and Management Trustees are appointed by the trust board under the Trust Deed dated 10 July 1970. Meetings are held bi-annually to hear reports from the Institute at Tantur, determine priorities. award 8rants and approve the financial accounts. th Objettives and Artivities Under the Trust Deed dated IO, July 1970, the Trustees are empowered to use the annual income of the trust to support, in the first instance, the work of the Ecumenical Institute for Advanced Theological Studies subsequently established at Tantur near Jerusalem Ithe Institute at Tanturl. The Trustees having given due regard to this primary objective, may apply the income to other charitable causes, particularly, but without prejudice. sUPPOrting ecumenical learning. The Trustees seek to fully support a p05t-graduate to study for an extended period from a designated fund known as the'Woods-Gumbel' Fund named in honour oftwo earlytrustees. The Tnjst also makes one off support grants to people who wish to study privately at the Instttute of Tantur normally in the region of £2,CMXI.
A¢hlevements and Perfornian The T has planned to run a Pgrimage of Reconcilialion for Peace tojentsalem In 2024 ftYwun8 peOe aged between 21 and 35 hosted at the Tantur Ecumenlcal Institute in Awil 2024. 32 partlclpants had been selected and plèns ThTre In place to tr1 in April 2024. H(hve¥er. the vAr whith erupted In Gaza towords tr end of 2023 and the prwdlling unstable securty situation has used the postFrfJnement of this lrfp untll Aprfl 2025. One parttcipant has wlthdrawn and the remaSnlng 31 have paid thelr deposlts of £1 and deposlts have been pald to e fi58hts. We pr•rf that the sltuation will improve, and peace wlll be restored to the reglon. No other 8rants fDr Indmdualsor wpstQ sw at the Instltute in Jerusalem were avArded thlsyear. Flnanclal Performance The Trustees attheir meeth¥ in June 2023 to chae the fiftanclal y end the 5" Awll to the 31Jt Mardl Thts Is first year thatthls chary has been implemented. As noted above the trnst recelved £lQ) dw&tsfTom 31 partldpants forthe Pll8rfny of Reconciliation originally intended for Aprll 2024 but now pOstpC to Aprtl 2025. The trust paid dep051ts ofjust over £25k to secure accommodallon and fl18hts tojerusalem forthe esconed youp. Income predomlnath arfses from dlvldend5 and interest on the tru With the Increase in interest rates, Interest on deposits has Increased si8nlficath. Follrywln8 Steep dedlnes In v4lues in 2022-23 following the outbreak of war in Ukraine the value of these In¥estments has not yet recovered to prwdr knls. The Charlfund Irfftstsxents ended the year sli8htty at lUeS below the le4el for the year end 2023 although thè Ino>me from the Investments Increased sllghtty. The trusys cash balances remain adequate to cobv anticipated expenditire. Apwoved bythe Trustees on 5 June 2024 and s18ned thelr behalf lry: Pr(rfeSSorJffth Ch•kn•n