The British Trust for Tantur Annual Report and Accounts Year Ended 31 March 2025 KNN TIJ/¢ /ÈRu.SAI.E Chaffty Number: 261410
Trustees Report Admlnlstrative 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 is that of the Treasurer= 9. Holly Lane Mèrgate Kent cr9 3NA. corresponden 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 IJU or by e-mail to m168 cani.ac.uk. Trustees Those who have served durin8 the course of the financial year were.. Professor Judith Lieu Choirrnan Rt Revd John Went Vite Cht7irman {resignedJune 2024) Julian Hills Treasurer Revd Molly Boot Mrs Penny 8rdckley Revd. Simon Goddard Revd Jonathan Goodall Most Revd Bemard Longley Mr Benjamin Preece Smith (re5ignedJonuory 2025) Canon Dr Andrew Smith (resignedJanut7ry 20251 Revd Dr Janet Tollin8ton Very Revd John Witcombe Bankers: CAF Bank, 25 Kin85 Hill Avenue. West Mallin& Kent ME19 4JQ Inde endent Examlner: Mr Geoff Oyson FCA Structure Governance and Management Trustee5 are appointed by the trust board under the Trust Deed dated IO, July 1970. Meetings are held bi-annually to hear reports from the Institute at Tantur. determine priorities, èward grants and approve the financial accounts. Objectives and Activities Under the Trust Deed dated 10 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 (the 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 post-graduate to study for an extended period from a designated fund known as the 'Woods-Gumbel' Fund named in honour of two early trustees. The Trust also makes one off support grants to people who wish to study privately at the Institute of Tantur normally in the region of £2,000.
Achlevements and Performance The Trust had planned to run a Pilgrimage of Reconaliation for Peace to Jerusalem in 2024 for yuung people aged between 21 aTrd 35 hosted at the Tantur Ecumenical Institute in April 2024. 32 parkncipant5 had been selected and plans were in place to travel in April 2024. However. the war which erupted in Gaza towards the end of 2023 and the prevailing unstsble security situation had caused the initial postponement of this trip until April 2025. Unfortunately. the situation did not improve, and the pilgrimage had to be cancelled. Accordingly. participants were offered the choice of the return of their £1 deposits or to gift their deposit to the Tantur Institute in Jerusalem which has seen its income severely disrupted due to the prevailing condirions. 20 participants chose to reoive the return of their deposfcs. and the rest chose to donate to Tantur. There have been no awards of grants for individuals to stay at the Instrtute in Jerusalem as there have been no applications, undoubtedly due to the uncertain and volatile situation in 15rael. Financial Performance The trust paid deposits of just over £25k to secure accommodation and flights to Jerusalem forthe Pilgrimage of Reconciliation and as at year end had not recouped all these costs. It is experted that there will be an overall c05t to the trust from this canlIation. Two trustees hope to be travellin8 to Jerusalem later in 2025 to assess the potential for further visits in the future. Income predominantly arises from dividends and interest on the trusts, investments. Interest rdtes have flurtuated slightly this year. being slightly below previous high level. The COIF funds bore interest amounts Comparable to last year whilst deposit fund5 Wlth CAF Bank reflect higher balances held on deposit. The Charifund investments ended the year 4.3% above the 2024-year end level and refiert investment uncertainties caused by the trading situation with the USA because of President Trump's trade tariffs. The Trustees felt that with the present level ol uncertainty in investments markets acr055 the world. there was rather limited potentfal for growth with Charifund and past performance has been relatively weak. For now, they have preferred to keep a higher level of reserves on deposit than was previously the case. (erall. the trust saw a surplus of £37k12024- £14kl and investments increased in value by £23k 12024- £112kll yieldin8 an overall increase in reseryes of £60k12024- £2kl. The trust's cash balances remain adequate to Ver anticipated expenditure. Approved by the Trustees on 4 June 2025 and signed on their behalf bv: Professor Judlth Lleu Chalrman
Flnancial Statements for the year ending 31st March 2025 EY ndltureAccount T¢tal Investment Incom 20.C69 13,182 33241 31508 1535 3588 50 3.IlJJ Bank DepOt CCLA Deposlt 1,457 2.197 4654 O•pw1tslR•l41¥ fe W1mlRand1L1th IL8751 111751 Total ft•t•tpls 23.996 13 39.861 CharitsbleActlvitles GrantslFees 2024 P118rim•ge •f Recond14atloJ) 2S.144 Governance Meetln85 & Expenses 699 699 2S.724 23297 14.137 Il¥M•MwdGknllLDssl on hN•styv lJ.764 27 111,7801 37MI 59.655 4278M 284.8XI 713,334 710977 FurltEDd ofFkbMthI Y•*r
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Financial Statements for the year ending 31st Marth 2025 (continued) 8olonce Sheet Asat31 MJrth Pemianent Endowment WoodsIFdh5h{P fjeral 667 667 221.153 335,861 22L153 212.090 322,097 335.861 & Oar rtTerm Deposfts B•t)k AtCOLY 33.824 %.181 51,010 35.293 81.1 97,327 130.474 667 Ind onth•fjr hh•ifby. Notes to the nts 20 Lknlt Prk•. P•rK• 2D14 V•k* M&fj Charlfund Incorne . Permanent Endovment - Woods Gumbel General 43.95 14,565.830 22,120.83 1,518.30 1,$18.30 1,518.>J 43.95 221,153 14,565.83 335A61 22.122 1.456.08 1.456.D8 IA56M8 212, 322j7
Independent Examinerfs report on the accounts Report to the trustees of the British Trust for the Ecumenical Institute for Advanod Theological Study in Jerusalem, charity number 261410. on the accounts for the year ended 31 March 2025 as set out on pages 4 and 5. I report to the trustees on my examination of the accounts of the above charity (the Trust) for the year ended 31 Marth 2024. Responslblllties and basls of the report As the charity trustee5 of the Trust, you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (the Actl. I report in respect of my examination of the Trusvs accounts carried out under section 145 of the 2011Act and, in carryin8 Out my examination, I have followed the applicable directions given by the Charity Commission under sectTon 1451511bl of the Act. Independent examlner's statement I have completed my examination. I confim) that no material matters have come to my attention in Connection with the examination which gives me cause to believe that accountin8 records were not kept in attordance wlth section 130 of the Act or the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the atcount5 to be reached. Signed.. Date: ,,/,/, Geoff DY ACA Great Steep5n8 Uncolnshlre Pa8e 3