Studiorum Novi Testamenti Societas knval Reportand Flnan¢lalStstèments for theYearEnded ai May2024
Studlorum Novl Testamentl Sodetas Contents AtfÈTence and Adminlstrative Details Tvjstees, Report IndÈpèndent*xamlnees report Statement of flnanclal a¢iivttk5 Batance Sheet Note5 to the flnaN¢i31 statement5 ststementof financla actlvtties per fund 7t¢9
Stud1(M No¥1 Tertamentl Sodetss Reference and Admlntstratfve Del•lts arftyNurnber 313862 Prof. Joseph VerheydÈn IPresldentl Prof. John Barclay (Past P50dentI Prof. Awela Stsndhartin8tr IPre5tdeni- Elertl Prof. eemado Estrada12021-241 Prof. Moisés Mayordomo12021-241 Prof. Judlth Hartensteln12022-251 Assoc Prof.Janet Spittltr 12022-251 Prof. SSmon ButtKaz12023-261 Drvickn Balaban$kl12023-261 Prof.Todd Still A$51stsnt Secret Prof. Chrlstlna Krelne&er As4sfant Setrttary - InternaWon•l IDIO•t15 Prof. Gerbem l)e8em Trtasuf*r Prol. Paul Foster Independ•nt Examlner PJE Attountants andAthi50rs 23 Colle8e Street Larnpeter Ceredlglon &148 7DY PaBe I
Studlorum Novl Testamentl So¢letas Tnth$' Report TheTrustee5 have pleasure in presentlnB thtff rem and the unaudltedffinanclalststemtnt of the tharlty forthe yeorended 31 May 2024. STIIUCTURE. GovERNAfr.A11omANAGEM£Tr The Socletyi5 8ovemed bythe tonstitution, last amended In$t 2004, and itsrtiiprt ls"thefurthernnce of NewTestsment studies internatl0na1, indudinl wthln Its interest'5 thable initiatives." The Soclevs Investment powÈTs are conferred by theTTustees' Att21JJO. Fur5 are held byTSB. Notrustee15 ID recelpt of honoraria. OBJErnVES*JIDACTJvmEs In"furtherance of New Testamentstudies 1ntsrnatlona1, lrtcluding thin Its Interestg tharltable tnitiatives-. the Society has an Inttmaiional luncDon as lh• prlrnary elected Sgciety, and 15 Increa51ng sponsoring thafitable Inltlatfves in Africa, South America, Indi< South East Asid Eo5tem Europe and Aussia. In planninB our arthltles for the year. we kept In mlnd the Charity Commissfjon'5 8uIdae on public benefit at our tru5tees' meth8& The se¥entyseveTrth General Meetln8 of the SOCW was hEld In"per50n. beiry hosted by Unlvetsitèt 25-29 July 2022. The Sodety Iwds ÉXtrÈmely Bratefvl to Profs. Markus Ohlel and Markus Tiwzld lor Ihelr tlreless work as co-chalrs. andto thelotal organlzlng commlttee formaklnK thi5 meetln8 possible and for h05tlrtr8suth a successful meetlng. The So¢leWs provided substsndal fvnds tu offset the travel. conlerence and 5ub51stence costs of thlrt sponsored members and 8uests attendlry the annual Meen8 from various Beo8raphlcal re8lons In Ilne with Its sponsorshlps policy. The Society conlin5 to provide frèè subscriptlon$ to the Socltvs Joumal and mono8raph s•rfes for selected region81 librnries In developing countries. Thé trustees agreed In Ortober 2014 to Introduce a new electronic system for collectlng mernbtrthlp fees and outsource thls task to Cambridge Universlty Press at a set prite permembershlp fee collected. In Conjunrtt wlth this a¢ce55 to the online version of the Soclevs journal Is granted to all its members free ol charge. The trytstees are continuin8to monltorthe newsystem and the newly IKuYred handling costs 35%Kiated th li dosely in order to a55ess the overall flnanaal Implitn& Thetrustee5are saiisfiedwlththe Iwel ofreserves in thefunds.thattheincome i5adequate to pursuetheaclities of the Sooety, and that no 51gnllkant risks are faced bythe Society In pursulD8 Ft5 alms. Approved bytheTnJ5tÈe5 On......... Prof. P. Foster (Treasurer) Reglstered Olfite.. Sthool pl DInIty, Unl¥ersityol E¥thnbw8h, Mound Plac4 Edinburgh, EHI 2LX Pa8e 2
Independent Examlner'5 Reportlo theTru5tees (rf Studlorum Novl Testsmentl Socletas We report on thtaCntS0ftheTWst for the year ended 31 M•y2024, which are set out on pages 4t0 R•e¢ve responsU>115tl•sof twuthes¥nd •xamlner The trustees afft re5POn5ible for the preparation of the accounts. The trvstees conslder that an audbt Is not requlred for thls yew under settl 144121 of the Charllle5 Act 2011 (the 2011 Actl and that an independent examination n•eiled. Iwlrvl sattsfied ouTselves that the tharlty is not subjertto audft undèrtompany lawand i% ell8ible for Independenl examSnatOoTr, it is OurSpOnSI11ity to- examkne the accounts undersectlon 145ofthÈ 2011AcL' follow the pro¢edures kid down In the Gener41 Dlre¢tlon5 given by the Charity C•mm15sbon urthr sertlon 14515) Ibl of the 2011Act- and $tète whether partlcularmatters hwe cometo our atlEntlon. BASIS ol Indepndentu•mlnrfsrnwt Our exarnlnatlon wag cathed out In acdance with the General Directions 8iven by the Charlty Commlsslon. An examlnation indudt5 a revlew of the accountln8 records kept by the tharlty and a tomparison of the accounts presented wlth thos# recvrd5. It atso Indudes tonideratlon of any unusual ItÈms or dlsclosures In the accounts. and sèekln8 expl2naUors from as trustees ¢oncemlnK such matters. The proced¥ie5 undertaken do not wovlde all the eden that would bt required Irb an audlt and con5equentlyno oplnion 19 81veii a5 to whether acccwhts pSent a 'true and falr vlew, and the rtport 15 limSted to those m•tters set out In the statement below. In c4)nneCrfOrtth ourexamlnatlon, no rnotter hos come toourattentlon: 111 whlchgNes u5 reasonable cw$eto be15evt that In any Materi respettthe requlrements: to kèÈp accountln8 records in accordancelth secifjon 386of thÈAct' 3Thd to prepart a¢wunts vthkh accord with thè account)8 records and ¢ompty vAlh the attountlngrequlrements Dfsectlon 396 ofthe Companle5 Act and wlth the methods and prlndples of the Ststementofftecommended Pradice.. AcCoUnand Reportlns byCharftle5 have notbeen met- gr 121 to wthich. In our Opinio attentlon shotsld be dram In order to enable a properundorstandln8 of the attounts to be reached. PJE Atcountarts and Athisors 23Colltgt Street Lampeter Ceredi8ion SA48 7DY Pa8e 3
Stsdlorum Novl Testamentl So¢leia$ Statement of Hnanclal Actlvitle$ fortheyear Ended 31 May 2024 Unstrkted Rstrlthd Funds Funds Total Fundj Total Funds 2D23 Inwmlnl r•sguT InEcsmin8 resources from generated funds Voluntary Income Total incrHMin8 resources 42,7CKI 42.7( 42,7rxi 43.8ZO 43020 Rso¥Yces expoftded Costs of Éeoeratingfunds Costs of 8eneTatin8 voluntary incorne Total resourees expEnded 17,298 17.298 26,773 17,298 17.298 26.773 trlet movements in funds 25,402 25,402 1?,047 RecothtHlailon ollunds Total funds brouKht fward Total lunds caNied foNard 118,770 144,172 7,246 7,246 126,016 ISL418 8369 126,016 l of the charftys actNltles derive from coTrllTrulng operationsdurini the above pwkid. Page 4
Studlorum No¥1 Testamentl Socktss Balance Sheet as at 31 May 2024 Cuff•nt•55•ts Debtors Irwestments Cash * bankand In hand 225 225 12 152,336 126.874 Qedltor5..Amoynts ¢alllw d¥•wlthln •>ne year Netowrertass•ts Netats•ts ThÈlundsoftr* thorlty. Re5tr1dedlu•ds 7.246 7.246 Unrestrkted I5 Unfestrlrted income rotsl¢h•rftyfub PaKè 5
Studlorum Navl Testamentl Socletss Notss to the Flnandal Statents for theyear Ended 31 May 2024 I A¢¢oubtt1PDl(lts Bask of preparatlon The flnantial ststements have been Prepar under the hlstorlcal cost con¥enllon and In accordance wlth Accountin6 and Reportin8 by Charitles: Statement of Recommended Prartice appllcable to tharltles prepafin8 their accounts in accordante with the Financlal Reponing Sta10rd applit4ble In the UK and Reptsl¢ of Ireland IFRS 102IICharitie5 SORP IFRS 10211, Ihe Financial fteportin8Standard applicable in the UK and Republ1¢ of Ireland IFRS 1011 and the Companles Aci 2(h)6. Fynds The General Funds represent the fund$ of the society whith are not sublert to any speclal restrlciions fe8ardin8 their use and are available for application to the Keneral purposes of the Society. These include the Internatlonal Fund whlch ha5 been de51gnated for a p8rtlcular purpose by the frustee5. The Ubrnry Fund represents the funds of the 5o£lttyvthith are subiert to a special restrictlon and are onty available forapplication to speulit libT¥yproiects. P¥8e 6
Studiorum Novl Testamentl Sodetas Statement of flnanelal artl¥ltle$ by fund for the Year Ended 31 May 2024 FUND. 2023 5odety Subscrlp¢i(ms 43S 292 205 Other Sourcs Conference Sufplu$15harel Reimbursements of Expenses TOTAL RECEIPTS Secretsry 42,700 4320 Honorwlum penses 2,323 2.323 Asslstant Sorre14ry" Int•m•tloA InlllJtl¥es Honorarlum ¥penses L450 1,49) Flnan¢e Tfeèsurerfs Hontyarlum Accounts Fee BankChar8e5 Softwarernebslte L750 918 198 322 2.6 Conl•reft F¢5 &A¢commodatlon 15,945 20,186 20,186 15.945 Other Pjyrnents TOTAL PAYMENTS 17.298 26,7n SURPWSI {DEFKin FORVEAR 25.402 17.047 Net a55ets at 31 May 2023 118 770 IOL723 Transfer from Other Funds Net assets at 31 May 2024 144.172 118,770 Poge 7
Studlorwn Novl Testamentl So¢letss statsnnt of flnan¢lal actIV¢S by fund for the Year Ended 31 May 2024 IBF Oonatlons TOTAL RECEIVTS Eurvpun UbrxyFund TOTAL PAYMENTS SURPLUS I IOEFICITJ FOR YEAR Net assets at 31 May 2023 7.246 7.246 Net •s$ets at 31 May 2024 7,246 7.246 Pa8e 8
StudloNm Novl Testsmentl Socleta$ Statement of finantlal artlvltles by fund ftjr the Year Ended 31 May 2024 Anal General Fnd Inlematlonal Ubrary Fufto Total 2024 lattk &CMh Oaknces Nat. savin lTrvestmEntWc UoydsTS8 AIC 144,865 144165 7.246 152.111 126,649 1$2,111 126,649 Dèbtors 3600 OrdÉnary Share of 25p 225 225 225 225 225 Ll•blllUes Unpold Homrarium £xaminerfs Fèè 918 918 918 910 858 858 TotalAss•ts Itss Ilablllt 144Jn ISL418 126,016 Pa8e9