Studiorum Novi Testamenti Societas AnrKwl Rem and Flnancial Ststoments forthe Year Ended 31 May 2024
Studiwum Novl Testamentl Sodetas Referen¢e and Administrative Details Trustses. Report Independent e¥amlneVs report Statement of financlal actMtle5 Balan Sheet Notes to the finanual statements 5tatementof financlal arti¥ltie5 perfurKI 7t09
Novl Testamenti Sodetas Reference and AdnIStratIve Detalls Charlty Number Trustees Pmf. Joseph Verhtyd IPresldentl Prof. John Barclay (Past President) Pmf. Aryela Standhartin8er IPresident- Elert) Prof. Bemado Estrado12021-24) Prof. Moisés Mayordomo12021-24) Pmf. Judlth Hartenstetn12022-25 Assoc Prof. Janet Spittler (2022-251 Prof. Slmon Butticaz {2023-26) Iricky BlabskIl2023- 261 S•uetsry Prof. Todd Still AS91 S¢¢retsry PrDf. ChTSstlna Krenecknr Asslmni Secretsry Treasurer dependent Examlner PJE AcCntants and Adviso 23 College Street Lampeter Ceredlgi S448 70Y Page I
Studlonun Novl Testan*rtl Sodetas Tristee5' Report The Trustees have pleasure In presentiry their repfyt and the unaudlted fin31 statement of the tharfty for the year ended 31 May 2024. STrUCTURE. GOVEftNAPKE.024D MANAGEMENT The Society is 8overned by the constTtution, last amended In ust 2004. and its obiert Is"the furthernnce of New Testament studies internationalty, indudin8 Within its Intet'S tharltsble initiatives." The Soaevs Investment pOwS are conferred by the Trustees. Att 2000. Futmls are held by TSB. No trustee is in recelpt of honoraria. OWEcnvESANDAcfMnES In -frJrtherano of New Testament StlieS Internalon•lty, indud1 within its Intere5t< charitable initiatives", the Society ha5 an International function as the prlmary elected Soaety, Is Increa51ng sponsoriry charitable 5nltiative5 in Africa, South Amerlca. Indi4 Sthrth East Eastern Europe and Russia. In plannin8 our artlvltles for the year, we kept in mind the Charity Commi55i13n's guldance on public benefit at our tru5tees' mÈth85. The seventy.seventh General Meetln8 of the 5otsety was held Inpt50n. bein8 hosted by Unlvv5it4it Iwen, 2>29 July 2022. The Society Wds extremely gratefvl to Profs. Markus Ohler and Markus Tiwald for their tireless work ?5 co-chalrs. and to the l(Kal organlz&n8 committee for makk¥ thls meeting possible ar for hostlrysuch a Successful meeting. The 5ocieVs provlded substantial fvnds to offset the travel. confererKe and svbs15tence costs of thirteen sponsored members and Buests attendi the annua meetin8 from various geo8rdphlcal re8ions in Ilne with its sponsorshlps policy. The Society Continues to provide free subscriptions to the Societys iournal and monograph serles for selerted regional libraries In developin8 countries. The trustees agreed in October 2014 to introduce a new electronic systern for Collecti membershlp fees and outsource this tssk to Cambridge Untversity Press at a set price per membersNp fee ¢olle¢ted. In conjunction wlth this access to the onllne versIt of the Societvs journal ts granted to all its members free of charge. The trustees are continuing to monltor the new system and the nevAy incuffed handling costs a55ociated wlth It dosely in order to assw the overall finandal impllcations. The trustees are SatfiewIththe It1 ofreser¥es in thefitnds. thatthe income tsadequate to pursue theactivltles of the Society, and that no $18nificant risks are faced by the In pursuin8 its aiins. Approved by the Trustees on ......... ...... ...... and si8ned on thdr behalf br. Prof, P. Foster (Treasurer) RegSstered Office: Sthool of 06v5hlty, Unfversityd EthThbW. Mound Plac4 Edinbur8h, EHI 2LX Pa8e 2
Independent Examlnees Report to the Trustees of Studlorum Novl Testamentl Socletas We report on the acCntS of the Trust for the year ended 31 May 2024, whith are set out on pages 4 to Respeth responsibllliiesol tn¢$and exarnln¢r The trustees are re5pon5ible for the preparation of the a¢counts. The tTUStees conslder that an wdit Is not roquired for this year under sectlon 144(2) of the Charilies Art 20111the 2011 Act) and that an indèperKlent examination 15 needed. Havlng sattsfied ourselves that the thaity is not 5ubiertto audit under company law and is ell8ible for Independent examlnatlon. it is our respwibilityto: exarnh the accounts un(ler sectlon 145 of the 2011AcL' follow the procedure5 lald In the Genefal (liTeCtI 8iven by the Charity Commlsslon under section 14515) (b) of the 2011 Art." state whether particular matters he come to our attentlon. Basls of Independente¥er's vop Our examlnation was canied out in aryordance with the General fxreetion5 Biva) by the Charfty Commisslon. An examination indudes a revlew of the accountln8 records kept by the tharity and a comparison of the accounts presented with those record5. It also IncIleS e¢nsider)Ilon of any unusual Items or disclosures In the accounts, and seek5n8 explanatior from you as trustees u#)cernln8 any suth matters. The procedures undertaken do not provlde au the evldence that would be required in an audit and consequently no oplnion Is given as to whether the accounts present a true and falr vlew and the report 15 limited to those matter5 Set oul In the statement below. Independertex•mkner'$ 5tatsm¢nt In connettlon wlth our examlnatlon. no matter has come to wrattentlon- 111 wh•th gives us rea5crfbable cwse to lieve thatin any material re¥)ert the requlrements.. to keep accountlng records in accwdance T*ith sectlon 386 of the A¢ and to prepare accounts which accord with the aCtntIl8 recd$ and compty wth accountifi8 requlrements of sectlon 396 of the Comp•)ies Art and with the methods and prlnaples ol the Statement of ReComnded Practice: Account1 and Repwtln8 by Ch¥ilies have not been nKL or 121 to which. in Qur opinion, attentEon should be in order to enable a proper Wbder5tandln8 of the accounts to be reach. PJE Accountants and Advisors Date:... 23 College Street Lampeter Ceredigion SA48 7DY Pa8e 3
Studiorum Nov5 Testamenti Sodetas Statement of Flnanclal Activitles for the Year Ended 31 May 2024 Tolal Funds 2014 Total Funds 2023 Funds Funds Incomlni resources IncomiThg resources from generated funds Voluntary income Total incomin8 resources 42.7(Kl 42,7C#) 42,7Th) 42,7(K) 43.820 43.820 Costs of generating funds Costs of 8enerating voluntary income Total resources expended 17298 17.298 26,7n 17.298 17.298 26.773 Net mLwements in tunds 25,402 25,402 17,047 Recon¢lll•tlon of fvnds Totsl funds brought forwwd Total funds carried forward 11&770 144,172 7,246 7,246 126.016 151.418 108.969 126,016 All ofthe charitys actNities derive from contlnuln8 operations during the above pernd. Page 4
Studlorum Novl Testam11 5¢Kletas Balano Sheet as at 31 May 2024 Current assets Debtors Investments Cash at bank and In hand 22S 225 12 152.336 126.874 Qedltors: Amounts tsMln8due0Th one year Netamffit assets Netassets The lunds ol the th¥ltr. Restrlthd funds 7,246 7.246 Unwestrkted ndS Untricted Income funds li Total ¢haYltyfvnds
Notes to the Flnandal Statements for the Year Ended 31 May 2024 l ACCOUntb polkles la51s of preparatlon The financial statements have been prepared under the historf¢al cost convention and ) attotdante wlth Accounting and Reportin8 by Charitles: 5tstement of Recommended Prartice appllcable to tharities prepafin8 their accounts in accordano with the financial Reportin8 Standard applicable in the UK and epublic of Ireland (FRS 10211Charities SORP IFRS 10211. the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. Funds The General Funds represent the funds of the Society which are not subjett to any special restrlctlons fe8arding their use and are ailable for application to the general purpose5 01 the Society. These include the Internatlonal Fund which ha5 been de51gnated for a pardculw purpose by the Trustees. The Llbrary Fund represents the funds of the Society whith are SleCt to a speoal restriction and are only available for application to specifie library projects. Pa8e 6
Studiorwn P&)¥1 Testamentf So¢letas Statement of financlal actlvltles by fund for the Year Ended 31 May 2024 ERAL FUND. Ufvrestrkted So(kn Substrlpilons 41408 43.510 In¢ome from In*stmMts & thiiwest 292 205 Other Sour¢es Conference Surplus (share) Reimbursements of Expenses TOTAL RECEIPTS Seuetary 42,7(Kl 4320 Honorarium Expenses 2323 2,323 Asslstant Secretary" Internatkinal thliiatlwg Honorarium Expenses L450 L450 Flnance TreasurÈrfs Honorarium Accounts Fee Bank Charges Software/Websjte L750 858 918 113 322 1353 2,806 Conferente Fare5 & Accommodation 15,945 20,186 20,186 45 TOTAL PAYMENTS 17298 26.773 SURPLUSI (DEFICffj FOR YÉAR 25.402 I7? Net assets at 31 May 2023 118.770 101.723 Transfer from Other Funds Net assets at 31 May 2024 144,172 118,770 Page 7
Studlorum Novt Testamentl Sodetas Statement of finaKlal actlvitles by fund for the Year Ended 31 May 2024 LIBRARY F TOTAL RECEIPTS European Ubrary ffd TOTAL PAYMEP4TS SURPiUS I (DEFICIT) FOR YEAR Net assets at 31 May 2023 7.246 7,246 Net assets at 31 May 2024 7.246 7,246 Page 8
Studlorum Novl Testsmentl So(letas Statement of financlal actfvhk5 by fimd for the Year Ended 31 May 2024 Total 2013 Fund Fund 8ank & Cash Balances Nat. Savin8s Investment Alc Uoyds TSB AIC 144.865 144165 7,246 7.246 IS2.111 126,649 152.111 126.649 Debtors 36W Ordlnary Share of 25p 225 225 225 22S 225 Llabllliles Unpaid Honorarium Examlnerfs Fee 918 918 918 918 858 858 Total Assels less LIa1lItIeS 144Jn 7246 15L418 126.016 Page 9