## **THE BRITISH ARCHAEOLOGICAL ASSOCIATION**
## **Company no 2747476 Charity No 1014821**
## **UNAUDITED REPORT AND ACCOUNTS FOR THE**
## **YEAR ENDED 31 DECEMBER 2022**
## **CONTENTS**
|**Statutory**|**Page**|
|---|---|
|Legal and Administrative Information|2–7|
|Statement of Financial Activities including Income and Expenditure Account|8|
|Balance Sheet|9|
|Notes to the Accounts|10-14|
|**Non Statutory**||
|General Account
|15|
|Ochs 150 Fund, Romanesque Conference Fund,||
|and Reginald Taylor and Lord Fletcher Fund
|16|
|Accountants’ Report
|17|
1
## **ANNUAL REPORT OF THE COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2022**
1. CONSTITUTION AND AIMS. The British Archaeological Association is a registered company limited by guarantee (no. 2747476) and a registered charity (no. 1014821). It is concerned to promote and further the study of archaeology and the preservation of antiquities, to carry out and encourage research into art, architecture and antiquities, and to publish material in furtherance of its activities. The Association organises an annual lecture programme, conference and study days, and publishes an annual _Journal_ in addition to the _Transactions_ of its conferences.
2. GOVERNING BODY. The Officers and Members of Council during 2022 were as follows.
|_President:_|Professor Julian Luxford, M.A., M.Sc., Ph.D., F.S.A., F.R.Hist.S.|
|---|---|
|_Vice-Presidents:_||
|_Past Presidents:_|Sir David Wilson, M.A., Litt.D., Fil.Dr., Dr Phil., F.B.A., F.S.A.,|
||F.R.Hist.S. (1963-68)|
||Richard D.H. Gem, O.B.E., M.A., Ph.D., F.S.A. (1983-89)|
||Laurence J. Keen, O.B.E., M.Phil., F.S.A., F.R.Hist.S., M.C.I._f_.A.|
||(1989-2004)|
||Nicola Coldstream, M.A., Ph.D., F.S.A. (2004-07)|
||Peter Draper, M.A., F.S.A. (2007-10)|
||Professor Lindy Grant, M.A., Ph.D., F.S.A., F.R.Hist.S. (2010-13)|
||Richard Halsey, M.B.E., B.A., F.S.A. (2013-16)|
||Professor Sandy Heslop, B.A., F.S.A., F.R.Hist.S. (2016-19)|
|_Elected:_|Professor Sarah Brown, M.A., F.S.A., F.R.Hist.S.|
||John Cherry, M.A., F.S.A.|
||Professor Eric Fernie, C.B.E., B.A., F.B.A., F.S.A., F.R.S.E.|
||William Filmer-Sankey, M.A., D.Phil., F.S.A., M.C.I._f_.A.|
||Michael F. Flint, F.S.A.|
||Rev’d Martin Henig, M.A., D.Phil., D.Litt., F.S.A.|
||Glenys Phillips, M.A., F.R.C.A.|
|_Director:_|Lloyd de Beer, B.A., M.A., Ph.D.|
|_Secretary:_|John McNeill, B.A., M.A., F.S.A., F.R.Hist.S.|
|_Assistant Secretary:_|Susan Nettle, M.Sc., M.A.|
|_Treasurer:_|John Irving, B.A.|
|_Membership Secretary:_|Ann E. Hignell, B.Sc., B.A., M.A.|
|_Editor:_|Tom Nickson, B.A., Ph.D.|
|_Reviews Editor:_|Costanza Beltrami, M.A., Ph.D.|
|_Editor Electronic Publications:_|Emma Edwards M.A., Ph.D.|
|_Conference Secretary:_|Catherine Milburn, B.A., M.A.|
|_Study Days Organiser:_|Jana Gajdošová, B.A., M.A., Ph.D.|
|_Publicity Officer:_|Richard Plant, B.A., Ph.D.|
|_Web Officer:_|Meg Bernstein, B.A., M.A., Ph.D.|
|_Leeds IMC Organiser_|Harriet Mahood, B.A., M.A., Ph.D.|
|_Student Representative:_|Róisín Astell, B.A., M.A., Ph.D.|
2
_Council Members:_ Jessica Barker, B.A., M.A., Ph.D., F.S.A. ( _to 5 October_ ) Eric Cambridge, M.A., M.A., Ph.D. ( _from 5 October_ ) Elizabeth Hallam-Smith, B.A., Ph.D., C.B.E., F.S.A., F.R.Hist.S. ( _to 5 October_ ) David Harrison, M.A., D.Phil, F.S.A. ( _from 5 October_ ) Katie Harrison, B.A., M.A., Ph.D. Karl Kinsella, B.A., M.A., M.St., D.Phil. Megan McNamee, M.A., Ph.D. John Munns, M.A, M.Phil., Ph.D., F.S.A., F.R.Hist.S. Deirdre O’Sullivan, B.A., M.Phil. David Robinson, B.Sc., Ph.D., F.S.A., F.R.Hist.S. Laura Slater, M.A., Ph.D. Naomi Speakman, B.A., M.A., Ph.D. ( _from 5 October_ ) Jane Spooner, B.A., M.A., Ph.D. ( _to 5 October_ ) Clare Vernon, B.A., M.A., Ph.D. ( _to 5 October_ ) Lucy Wrapson, M.A., M.A., Dip.(Cons), Ph.D., ACR, F.I.I.C. ( _from 5 October_ )
Council meetings were held on 2 February, 4 May, 5 October, and 7 December. The AGM was held at the Society of Antiquaries on 5 October.
3. MEMBERSHIP The membership at 31 December 2022 was as follows
||2022|2021|
|---|---|---|
|Ordinary members:|247|240|
|Retired members:|195|200|
|Student members:|83|86|
|Life members:|32|35|
|Joint members:|29|28|
|Institutional members:|203|203|
||**789**|**792**|
The Association was saddened to learn of the deaths of two longstanding members in the course of the year, Professor Peter Fergusson at the beginning of 2022 and the Rev’d Canon Jeffrey West towards its end. An obituary for Peter Fergusson appears in the Association’s _Journal_ . Of the individual members 393 are also guarantors of the incorporated Company. Council remains committed to trying to increase the numbers involved in the Association’s activities.
4. ACTIVITIES DURING 2022. The early part of the year was affected by restrictions which flowed from the COVID pandemic. The year began under the UK Government’s ‘Plan B’, with meetings discouraged, and, though restrictions eased quickly thereafter, forward planning remained difficult and the Association was forced to limit numbers attending the Romanesque Conference in late March in Rome. The first two lectures and February Council meeting were held remotely by Zoom.
The following lectures were live broadcast on Zoom.
5 January 2022: ‘Early Irish Sculpture and the Art of the High Crosses’ by Professor Roger Stalley
3
2 February 2022: ‘Antiquarian Societies and Scholarly Networks: Collectors, Curators and Conferences’ by Dr Naomi Speakman
The following lectures were held at the Society of Antiquaries
2 March 2022: ‘Writing Weaving at Sankt Klara, Nuremburg: A Consideration of Wolfenbüttel, Herzog August Bibliothek, Cod. Guelf. 57 Aug.8’ by Dr Megan McNamee 6 April 2022: ‘Building the Parish Church 1150-1300’ by Dr Meg Bernstein 4 May 2022: ‘Gothic Networks: Juan Guas in Fifteenth-Century Spain’ by Dr Costanza Beltrami 5 October 2022: “An Open and Shut Case’: Displaying Medieval Art in Private Collections’ by Dr Paul Williamson 2 November 2022: ‘The Chantry Chapels of Cardinal Beaufort and Bishop Waynflete in Winchester Cathedral’ by Jane Stewart 7 December 2022: ‘The Abbey of Santa Maria a Mare, San Nicola di Tremiti; an Important Early Romanesque Monument all but Lost at Sea’ by Dr Francis Woodman
The Association’s conference programme roared back into life, following two years of deferrals. It was in a spirit of happy expectation that the Association made its way to Košice for the first summer conference since Shrewsbury in 2019. Organised around the theme ‘Medieval Art and Architecture in Eastern Slovakia’, the conference took place from 20-24 July, 2022. It was attended by 54 members and guests, while the Association awarded 3 scholarships to students covering the full costs of the conference and accommodation. A total of 15 papers were read in the lecture theatre at the East Slovak Gallery in Košice. On the opening afternoon, the conference enjoyed an extensive series of site presentations within Košice itself. Thursday took the conference to Bardejov, and included visits to the church of Saint Giles, the Šariš Museum and Town Hall, while Friday saw the conference venture into Gemer – specifically to Ochtina, Štítnik and Šivetice. The Saturday was entirely devoted to visits, starting with the magnificent church of Saint James at Levoča, and developing across the Spiš region to encompass Spišský Štvrtok, Spišska Sobota, Spišska Kapitula and Žehra. The conference finally wound up with a short morning of papers back at the East Slovak Gallery in Košice. The President was in attendance throughout, introducing proceedings and offering eloquent thanks to our various hosts.
The Association wishes to record its gratitude to everyone who assisted in the smooth running of the Conference – and in addition to those who gave formal papers we would like to thank the site speakers, namely Peter Megyeši, Jana Gajdošová, Tomasz Węclawowicz, Peter Tajkov, Zoë Opačić, Alexandra Gajewski, Béla Zsolt Szakács and Richard Plant. Four site presenters and speakers should, perhaps be singled out – Dušan Buran, Tim Juckes, Zsombor Jékely and Katalin Szende – for they collectively illuminated every day of the conference and enriched the experience beyond measure. Indeed, the energy with which they shared their knowledge transformed the conference as a learning experience.
Ultimately there are many individuals who made the conference, but without the industry and resourcefulness of the Conference team there would have been no conference. The Association is enormously grateful to the convenor – Jana Gajdošová, ably assisted and advised by Zoë Opačić - and to Kate Milburn, who handled the role of Conference Secretary/Organiser with her customary charm, efficiency and good humour. We owe them all a tremendous debt of gratitude.
In a separate initiative, one of the Association’s members, John Osborn, continues to generously underwrite the Association's biennial series of International Conferences on Romanesque art and architecture. The seventh of these conferences addressed the theme _Image and Narrative in Romanesque Art_ and was held at the British School at Rome from 28-30 March, with an additional two days of visits to eleventh and twelfth-century monuments in Ceri, Tarquinia, Tuscania, Castel Sant’Elia and Rome itself for those who wished to stay on. It was attended by 72 members and guests from the UK, Spain, Italy, France, Germany, Austria, Switzerland, Belgium, Hungary, Norway, Israel, Iceland and the USA, 5 of whom were post-graduate students to whom the Association offered scholarships that covered the cost of the conference, accommodation and visits. Several of the Association's officers
4
played essential roles in promoting this conference, and the Association wishes to express its gratitude to them, to the small Steering Group which ultimately brought the conference into being, and to the 25 speakers from 11 countries who enlightened the conference with their papers. We would also like to single out Grazia Fachechi, who was wonderfully supportive at all stages of the conference and acted as the conference convenor in Rome. The Association is grateful to all those who gave site presentations over the Thursday and Friday visits, namely Chiara Paniccia, Gaetano Curzi, Rose Walker, Ludovico Geymonat, Serena Romano, Richard Plant, Manuel Castiñeiras, Alison Perchuk and John McNeill. Grateful thanks are also due to the Conference team and steering group; Grazia Fachechi, Manuel Castiñeiras, Rosa Bacile, John McNeill, Richard Plant, and, above all, Ann Hignell, who acted as conference secretary, and remained unflappable and superbly effective throughout. Planning for the conference coincided with a rollercoaster of anti-COVID measures, creating uncertainty as to what would and would not be possible. Overcoming these uncertainties demanded a measure of resourcefulness and self-sacrifice – qualities embodied by Ann Hignell, Grazia Fachechi and the rest of the conference team. The Association owes them its profound thanks. Finally, without the keen generosity of John Osborn there would be no International Conference series, and the Association is greatly in his debt. The Association will publish the Transactions of the Rome conference, which it is hoped will appear in 2024.
As the International Romanesque Conference planned for Hildesheim in April 2020 had to be postponed, and was eventually held online over four afternoons from 7-10 September, 2021, it was decided to hold a small ‘Romanesque workshop’ for the conference speakers in Hildesheim from 15-18 September. This embraced visits to the major monuments in Hildesheim itself, as well as to Quedlinburg, Gernrode, Braunshweig, Helmstedt, Koenigslutter and Halberstadt. Thanks are due, once more, to the conference convenors – Gerhard Lutz and John McNeill – to the conference team, Ann Hignell and Dr Richard Plant, to Oliver Ritter for his extraordinarily resourceful ability to charter coaches, arrange museum openings and settle refreshment breaks, and to our many site presenters – Felix Prince, Gerhard Lutz, Richard Plant, Shirin Fozi, Oliver Ritter, Alexandra Gajewski, Cecily Hennessy, Wilfried Keil, Zoë Opačić, Michele Vescovi, Claudia Wyludda, Ute Engel, and John McNeill.
In another inspired example of forward planning, the Association’s honorary student representative, Róisín Astell, organised the BAA’s fourth Post-Graduate Conference on 22-23 November. As in earlier years the impetus was a concern that post-graduate students were short of opportunities to present their research to a broad audience, and a conscious and positive decision was made to organize the conference to run over two consecutive afternoons by video link, rather than to constrain international participation by the potential expense of travelling to a physical assembly. Eleven proposals were accepted from students attached to universities in the UK, Italy, Greece, Switzerland and the USA, along with one independent scholar – who presented their papers while separated by many time zones to an audience which numbered over 100 across the two days. The Association would like to thank Róisín for her resolve and considerable skill in bringing about the conference. We are also immensely grateful to the small steering group who presided over the programme and the various other members of the BAA who supported the organisation and planning of the event. The BAA post-graduate conference is becoming a navigation mark in the post-graduate calendar, and it is intended to hold a fifth conference in the Autumn of 2023.
The Leeds international Medieval Congress 2022 was a hybrid event with speakers presenting both in-person and via video link. This year the BAA organised four panels featuring thirteen speakers (one paper was presented jointly) with a good mix of international and UK presenters. Three papers were presented virtually and the option to present remotely was a boon to speakers who were unable to travel to Leeds. The social and networking opportunities of the Congress are still important, however, and there was a good turnout (similar to pre-Covid years) at all panels including those of the BAA. Given the persistence of Covid, it had been decided in advance not to host a reception at the 2022 conference and Covid was indeed rife - with many falling ill both at the conference and afterwards. Those papers that were recorded at the 2022 conference will be uploaded to the BAA Youtube channel. We are enormously grateful to Dr Harriet Mahood for again putting together an impressive set of papers and speakers with the patience, resilience and resourcefulness necessary to ensure a BAA presence at such an important event in the Medievalists calendar. Preparations for the BAA's presence at the 2023 IMC are already underway and
5
two panels are planned for what will be the BAA’s eighth year at Leeds.
Some time ago the Association also launched a series of study days with the aim of encouraging students to engage with the methods and approaches employed by specialists in specific areas of the history of art, architecture and archaeology. Two study days were arranged during the year. The first took place on 10 May and considered Margam Park in terms of its various uses and site history, embracing the surviving nave of the Cistercian Abbey, the monastic ruins, Mansel House, Orangery, Castle and Stones Museum. It was led by the noted authority on Welsh Cistercian houses, Dr David Robinson, and was attended by seven members and eleven students. The Association wishes to thank David for taking on the day and filling it so beautifully. On Saturday, 2 July, the Association then made its way to Christchurch Priory (Dorset) to take advantage of the considerable expertise of Dr Lloyd de Beer, Dr Tom Nickson and Dr Richard Plant in the investigation of an under-researched medieval church. Areas touched on were the three crypts, painted wooden roof, chantry chapel of Margaret Pole, 14th-century reredos and Romanesque nave. We are immensely grateful to Drs de Beer, Nickson and Plant for patiently sticking with a long-planned and much-postponed day, as well as for the insights they brought to bear on the building. On a general note, we also very much want to extend our thanks to Dr Jana Gajdošová for the energy and organisational flair that she brings to the role of Study Days Organiser.
The Association is represented on the Council for British Archaeology by David Stocker, and on the Standing Conference on Portable Antiquities by our past President, Laurence Keen.
The members of the Association continue to enjoy the privilege of reading in the library of the Society of Antiquaries. The reciprocal arrangement whereby the Association and the Royal Archaeological Institute allow attendance at each other’s lectures also continues.
_5._ PUBLICATIONS. The _Journal of the British Archaeological Association_ for 2022 (Volume 175) was posted to members in December and included articles on the chapel of St Pancras at Canterbury, Westminster Hall, Old Sarum, the west façade of Wells Cathedral and Elizabeth Woodville and the Chapel of St Erasmus at Westminster Abbey. We are immensely grateful to our editor, Dr Tom Nickson, for producing such a stimulating journal. We also warmly congratulate our reviews editor, Dr Costanza Beltrami, for managing to pull together a strong set of reviews at a time when publishers were still reluctant and slow in sending out copies for review.
Progress was also made with the BAA Conference Transactions series; _Medieval Art, Architecture and Archaeology in Cambridge: College, Church, and City_ , edited by Gabriel Byng and Helen Lunnon, appeared in the Spring. The Association is delighted to thank the editors for bringing this volume to fruition.
6. THE OCHS SCHOLARSHIP. The Ochs Scholarship, set up with a generous bequest from Miss Maud Lilian Ochs, is intended to enable students and other scholars to complete theses and research projects. The Council was delighted to award the first scholarships in May, 1995. From the ten applications received for the 2022 scholarship two awards were made:
Olivia Croyle _The Metal Letter in Medieval London, 1100–1475_ University of East Anglia – Ph.D. thesis
Susannah Kingwill _The Cross - Relic, Object, and Symbol at the Valois Courts During the Reigns of Charles V and VI of France (1360 to 1422)_ Courtauld Institute – Ph.D. thesis
All but six of the sixty-four 1995-2022 scholars have now completed their theses or research projects - three of them current and three abandoned. Advertisements for the 2023 scholarships were circulated in late 2022.
6
7. FUTURE CONFERENCES. The Council has agreed on a provisional programme for future conferences. Although the precise dates of the later conferences have yet to be decided, there will be conferences in Chichester (4-8 September, 2023) and Pembrokeshire (15-19 July 2024).
The eighth in the International Romanesque Conference series will explore the impact and importance of monasticism for Romanesque Art and Architecture. It will be held at the University of Valladolid from 8-10 April, 2024, with an opportunity to stay on for a further two days of visits.
Following the passing of the Charities Act 2006, there must be an identifiable benefit to the public, or a section of the public, arising from the work of charities. The Association's Council confirms it has referred to the Charity Commission's guidance on public benefit and the interpretation and preservation of British history and heritage when reviewing the Association's aims, and in planning its activities, as well as in reviewing our scholarship awards policy for the year.
7
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|(Including income and expenditure)
**Income and Expenditure**
Incoming Resources
Grants and Donations
Donation for International Conference
Annual Subscriptions
Journal Sponsorship
Conference Income
Romanesque Conference
Study Day Income
Investment Income and Interest
Tax Refund (Gift Aid)
Sundry Income
**Total Incoming Resources**
**Resources Expended**
Charitable Expenditure (See Note 2)
**Total Resources Expended**
**Net Incoming Resources for the year**
Other Recognised Gains and Losses
Accounting Adjustments
Unrealised gains/losses on Investment Assets
**Net Movement of Funds**
Fund Balances Brought Forward at 1 January 2022
**Fund Balances Carried Forward at 31st December 2022**||Current
Year
1,011
15,000
19,459
4,605
13,944
13,145
335
16,342
7,000
413
91,254
(101,339)|Previous
Year
0
15,100
19,354
4,505
0
0
204
14,469
7,000
890
61,522
(39,042)
(39,042)
22,480
(765)
28,760
50,475
597,300
647,775|
|---|---|---|---|
|||(101,339)|(39,042)|
||||22,480|
|||(906)
(58,444)
(69,435)
647,775
578,340||
8
## **THE BRITISH ARCHAEOLOGICAL ASSOCIATION**
## **BALANCE SHEET AS AT 31 DECEMBER 2022**
|**Note**
**Fixed Assets**
Investments
3
**Current Assets**
Stock in Hand
Debtors
4
Cash in Bank
Cash on Deposit
**Creditors**
Amounts falling due within one year
5
**Net Current Assets**
**Net Assets**
**Funds (Unrestricted)**
General Fund
Publications Fund
Travel-Research Fund
Romanesque Conference Fund
Reginald Taylor and Lord Fletcher Fund
Ochs 150 Fund|**2022**
**£**
492,762
18,800
77,706
2,295
98,801
(13,220)
85,581
578,343
304,716
14,974
15,012
30,784
18,588
194,269
578,343|**2022**
**£**
492,762
18,800
77,706
2,295
98,801
(13,220)
85,581
578,343
304,716
14,974
15,012
30,784
18,588
194,269
578,343|**£**
18,127
77,735
2,273|**2021**
**£**
551,206
96,569|
|---|---|---|---|---|
||||98,135
(1,566)||
||||||
|||578,343||647,775|
|||304,716
14,974
15,012
30,784
18,588
194,269||328,794
19,304
23,671
38,340
20,562
217,104|
|||578,343||647,775|
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477(2) of the Companies Act 2006 relating to the small companies regime. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their respon0sibility for;
- Ensuring the company keeps accounting records which comply with Section 386 and 387; and
- Preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirements of section 394 and 395 and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as is applicable to the company.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The accounts were approved by the Council on 3 May 2023 and signed on its behalf by Professor Julian Luxford, President.
- 9 -
## THE BRITISH ARCHAEOLOGICAL ASSOCIATION
## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. Accounting Policies
## Accounting Convention
The financial statements are prepared under the historical cost convention as modified by the inclusion of investments at market value and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2005). In preparing the financial statements the Association follows best practice as laid down in the statement of recommended practice “Accounting and Reporting by Charities” issued in October 2000.
## Fixed Assets
Investments are stated at market value with the revaluation surplus/deficit being taken to the Ochs Fund, to the Reginald Taylor and Lord Fletcher Fund and to the General Fund.
## Stock
Stocks are valued at the lower of cost and net realisable value. There are no stocks.
## Taxation
As a registered charity, the Association is generally exempt from Income Tax and Capital Gains Tax, but not Value Added Tax. Irrecoverable Value Added Tax is included in the cost of those items to which it relates.
## Income
Income represents the value of members’ subscriptions, donations, and sales of journals, conference, investment and sundry income. It is accounted for on an accruals basis.
## Fund Accounting
## Unrestricted Funds
Unrestricted Funds represent funds which are expendable at the discretion of the trustees in furtherance of the objects of the Charity. Such funds may be held in order to finance both working capital and capital investment.
## Foreign Currency Transactions
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the Balance Sheet date.
All differences are taken to the Income and Expenditure Account
- 10 -
## THE BRITISH ARCHAEOLOGICAL ASSOCIATION
## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)
|2**. Charitable Expenditure**
Conference Transactions Preparation
Donation to Society of Antiquaries
Journal Expenses
Lecturer’s Expenses
Hire of Rooms (Soc. Of Antiquaries)
Zoom Charges
R Taylor and Lord Fletcher Prize
Ochs Scholarship
Publication and Travel-R Dispersments
Romanesque Conference
Annual Conference Expenses
Study Days
Conference /IMC Leeds Scholarships
Administrative Costs
Subscriptions payable
Accountancy Fees
Bank Charges
Public Liability Insurance
Miscellaneous
**3.Unlisted Investments (Unit Trusts)**
Market Value at 1stJanuary 2021
Additional Investment
Unrealised Gains/ (Losses)
Market Value at 31stDecember 2021
Cost at 31stDecember 2021
**Investments**
Unit No.
CAF UK Equity B Inc Fund
71,264.22
CAF Fixed Interest B Inc Fund
19,697.74
COIF Investment Fund
5,961.67
COIF Fixed Interest Fund
15,493.59
Blackrock Charishare
17,885.20
Blackrock Charinco
76,505.62
Total|2**. Charitable Expenditure**
Conference Transactions Preparation
Donation to Society of Antiquaries
Journal Expenses
Lecturer’s Expenses
Hire of Rooms (Soc. Of Antiquaries)
Zoom Charges
R Taylor and Lord Fletcher Prize
Ochs Scholarship
Publication and Travel-R Dispersments
Romanesque Conference
Annual Conference Expenses
Study Days
Conference /IMC Leeds Scholarships
Administrative Costs
Subscriptions payable
Accountancy Fees
Bank Charges
Public Liability Insurance
Miscellaneous
**3.Unlisted Investments (Unit Trusts)**
Market Value at 1stJanuary 2021
Additional Investment
Unrealised Gains/ (Losses)
Market Value at 31stDecember 2021
Cost at 31stDecember 2021
**Investments**
Unit No.
CAF UK Equity B Inc Fund
71,264.22
CAF Fixed Interest B Inc Fund
19,697.74
COIF Investment Fund
5,961.67
COIF Fixed Interest Fund
15,493.59
Blackrock Charishare
17,885.20
Blackrock Charinco
76,505.62
Total|2**. Charitable Expenditure**
Conference Transactions Preparation
Donation to Society of Antiquaries
Journal Expenses
Lecturer’s Expenses
Hire of Rooms (Soc. Of Antiquaries)
Zoom Charges
R Taylor and Lord Fletcher Prize
Ochs Scholarship
Publication and Travel-R Dispersments
Romanesque Conference
Annual Conference Expenses
Study Days
Conference /IMC Leeds Scholarships
Administrative Costs
Subscriptions payable
Accountancy Fees
Bank Charges
Public Liability Insurance
Miscellaneous
**3.Unlisted Investments (Unit Trusts)**
Market Value at 1stJanuary 2021
Additional Investment
Unrealised Gains/ (Losses)
Market Value at 31stDecember 2021
Cost at 31stDecember 2021
**Investments**
Unit No.
CAF UK Equity B Inc Fund
71,264.22
CAF Fixed Interest B Inc Fund
19,697.74
COIF Investment Fund
5,961.67
COIF Fixed Interest Fund
15,493.59
Blackrock Charishare
17,885.20
Blackrock Charinco
76,505.62
Total||||2022
£
24
300
8,404
919
6,712
1,217
500
7,275
9,910
42,276
15,181
2,119
1,050
2,817
384
800
1,188
263|||||2021
£
388
0
11,365
0
1,202
2,481
500
6,905
5,246
95
4,911
853
720
1,671
125
700
1,070
263
547
39,042 3
522,446
0
28,760|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||0|||||547|
|||||||101,339|||||39,042|
|||||||551,206||||||
|||||||||||||
|||||||||||||
|||||||||||||
|||||||0
(58,444)||||||
|||||||||||||
|||||||492,762|||||551,206|
|||||||306,706||||306,706
31.12.2021
£
120,073
19,674
122,433
20,534
127,951
140,541
551,206||
|||||31.12.2022||||||||
|||Unit No.||£|||Unit No.|||£||
||CAF UK Equity B Inc Fund|71,264.22||114,229|||
71,264.22|||120,073||
||CAF Fixed Interest B Inc Fund|19,697.74||16,237|||
19,697.74|||19,674||
||COIF Investment Fund|5,961.67||108,353|||
5,961.67|||122,433||
||COIF Fixed Interest Fund|15,493.59||18,002|||
15,493.59|||20,534||
||Blackrock Charishare|17,885.20||123,842|||
17,885.20|||127,951||
||Blackrock Charinco|76,505.62||112,099|||
76,505.62|||140,541||
||Total|||492,762||||||551,206||
- 11 -
## THE BRITISH ARCHAEOLOGICAL ASSOCIATION
## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)
|**4Debtors**
Gift Aid (Estimate claim in progress)
Annual Conference Prepayment
Int’l Romanesque Conference Prepayment
Taylor and Francis Journal Income
CAF Investment Income Withheld
**5.Creditors**
Amounts falling due within 1 year
Prepaid Membership Subscriptions
Accrued Independent Accountant’s Fee
Taylor and Francis Informa Printing
Society of Antiquaries of London Room Hire
**6**.**Reconciliation of Funds**
At 1 January 2022
Surplus for the year
Accounting adjustments
Unrealised Gain/ (Loss) on
revaluation of investments
At 31 December 2022|**2022**
£
14,000
1,200
0
3,600
0
**18,800**
£
770
800
8,340
3,310
**13,220**
**Total**
**£**
647,775
(10,082)
(906)
(58,444)
578,343||**2021**
£
7,000
0
6,579
3,500
1,048|
|---|---|---|---|
||||**18,127**|
||||£
866
700|
||||**1,566**|
||||**Total**
**£**
597,300
22,480
(765)
28,760
647,775|
|||||
- 12 -
## THE BRITISH ARCHAEOLOGICAL ASSOCIATION
## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)
|**7Cashflow Statement for the Year ended 31st December 2022**
**Net Cashflow from Operating Activities**
Returns on Investments
Capital Expenditure
Net Cash flow before Financing
**Financing**
Sale of Investments
Purchase of Investments
Net movement of Cashflow after Financing
Increase (Decrease) in Net Current Assets
(Increase) Decrease in Debtors
Increase (Decrease) in Creditors
Accounting Adjustments
Increase (Decrease) in Cash in the Year|**2022**
£
(26,424)
16,342
0
(10,082)
0
0
(10,082)
(673)
11,654
(906)
7||**2021**
£
8,011
14,469
0|
|---|---|---|---|
||||22,480
0
0|
||||22,480
(2,451)
(36)
(765)|
||||19,228|
- 13 -
## THE BRITISH ARCHAEOLOGICAL ASSOCIATION
## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)
## **8. Movements on Unrestricted Funds**
||**General**|**Publication**|**Travel**|**Romanesque**|**R.**|**Ochs**|**TOTAL**|
|---|---|---|---|---|---|---|---|
||**Fund**|**Fund**|**Research**|**Fund**|**Taylor**|**Fund**||
||||**Fund**||**and**
**Lord**|||
||||||**Taylor**|||
||||||**Fund**|||
|At 1stJanuary|328,794|19,304|23,671|38,340|20,562|217,104|647,775|
|2022||||||||
|Share of|7,967|468|574|1,575|498|5,260|16,342|
|Investment||||||||
|Income||||||||
|Donations|1,011|||15,000|||16,011|
|Gift Aid|2,000|||5,000|||7,000|
|Expenditure or|(2,264)|(2,947)|(6,963)||(500)|(7,275)|(19,949)|
|(Deficit)/Surplus||||||||
|Romanesque
Conference||||(29,131)|||(29,131)|
|Annual|(1,237)||||||(1,237)|
|Conference||||||||
|Conference|(24)||||||(24)|
|Transactions||||||||
|Unrealised Gain|(31,531)|(1,851)|(2,270)||(1,972)|(20,820)|(58,444)|
|on Revaluation||||||||
|of Investments||||||||
|31stDecember|304,716|14,974|15,012|30,784|18,588|194,269|578,343|
|2022||||||||
All Unrestricted Funds, other than the General Fund, are Designated Funds. Money was received from Reginald Taylor in 1932 for an Essay Prize; A bequest without restriction of £5,000 from Lord Fletcher in 1990 was added to this fund by the Council. The Ochs bequest of £120,000 in 1994 was also without restriction but was placed by the Council in a separate Fund to provide scholarships. A bequest from W.G. Foxon has been used to set up a fund to assist with publications and a fund to provide travel and research awards.
**Investment Income and Unrealised Revaluation Profits have been apportioned between the Funds in proportion to the balances in the Funds at the start of the year. The Romanesque Conference funds are invested in the Charinco Fund and interest has been added at the average interest rate on that fund (4.0%), before other investment income has been apportioned.**
3
14
## THE BRITISH ARCHAEOLOGICAL ASSOCIATION
## **GENERAL ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022**
|**Income**
Subscriptions
Journal Income
Study Days
Sundry Income
Gift Aid Tax Refund
**Less Expenditure**
Donation Society of Antiquaries
Net Journal Expenses
Lecturer’s Expenses
Hire of Rooms
Zoom Charges
Study Days
Conference and IMC Scholarships
Administrative Costs
Subscriptions Payable
Accountancy Fees
Bank Charges
Public Liability Insurance
Miscellaneous
Surplus/(Loss) on Ordinary Activities
Conference Transactions
Accounting Adjustments
Donations
Annual Conference
Share of Investment Income
Unrealised Gain on Revaluation of Investments
Overall change in the Year
Value as at 1st January 2022
Value as at 31st December 2022||19,460
4,605
335
413
2,000|2022
£
26,813
(26,171)|19,354
4,505
203
817
3,250|19,354
4,505
203
817
3,250|2021
£
28,129
(20,997)|
|---|---|---|---|---|---|---|
|||300
8,403
919
6,712
0
2,119
1,050
4,034
384
800
1,187
263||0
11,365
0
1,202
2,481
853
720
1,671
125
700
1,070
263
547|||
|||0|||547||
||||||||
||||642
(24)
(906)
1,011
(1,237)
7,967
(31,531)|||7,132
(388)
(765)
74
(95)
7,088
15,070|
||||(24,078)|||28,116|
||||328,794
304,716|||300,678
328,794|
15
## THE BRITISH ARCHAEOLOGICAL ASSOCIATION
|OCHS 150 FUND for year ended 31 December 2022
**Current Year**
**Income**
£
Share of Investment Income
5,260
**Less Expenditure**on Ochs Scholarships
(7,275)
**Surplus / (Deficit) for the Year**
(2,015)
Unrealised Investment Profit
(20,820)
**Surplus / (Deficit) incl. Unrealised investment profit**
(22,835)
NB Ochs Scholarships are awarded annually but expensed in the year in which stage payments||**Previous Year**
£
4,919
(6,905)|
|---|---|---|
|||(1,986)
10,456|
||8,470
are paid.||
|REGINALD TAYLOR AND LORD FLETCHER FUND
for year ended 31 December 2022
**Income**
Share of Investment Income
**Less Expenditure**
**Surplus / (Deficit) for the Year**
Unrealised Investment Profit
**Surplus inc. unrealised investment profit**
PUBLICATIONS AND TRAVEL-RESEARCH FUND
for year ended 31 December 2022
**Publications**
**Current Year**
**Income**
£
Share of Investment Income
468
Donations Received
0
**Less Expenditure**
(2,947)
**Surplus / (Deficit) for the Year**
(2,479)
Unrealised Investment Profit
(1,851)
**Surplus inc. unrealised investment profit**
(4,330)
ROMANESQUE CONFERENCE FUND
for year ended 31 December 2022
**Income**
Donation
Gift Aid
Share of Investment Income
**Less Expenditure**
**Surplus / (Deficit) for the Year**|REGINALD TAYLOR AND LORD FLETCHER FUND
for year ended 31 December 2022
**Income**
Share of Investment Income
**Less Expenditure**
**Surplus / (Deficit) for the Year**
Unrealised Investment Profit
**Surplus inc. unrealised investment profit**
PUBLICATIONS AND TRAVEL-RESEARCH FUND
for year ended 31 December 2022
**Publications**
**Current Year**
**Income**
£
Share of Investment Income
468
Donations Received
0
**Less Expenditure**
(2,947)
**Surplus / (Deficit) for the Year**
(2,479)
Unrealised Investment Profit
(1,851)
**Surplus inc. unrealised investment profit**
(4,330)
ROMANESQUE CONFERENCE FUND
for year ended 31 December 2022
**Income**
Donation
Gift Aid
Share of Investment Income
**Less Expenditure**
**Surplus / (Deficit) for the Year**|**Current Year**
£
498
500
(2)
(1,972)
(1,974)
**Previous Year**
444
0
(934)
**Current Year**
£
15,000
5,000
1,575
(29,131)
(7,556)|**Current Year**
£
498
500
**Current Year**
£
15,000
5,000
1,575
(29,131)
(7,556)|**Previous Year**
£
463
(500)
(38)
983
946
**Travel/Research**
**Current Year**
**Previous Year**
£
574
614
0
0
(6,963)
(4,312)
**Previous Year**
£
15,100
3,750
941
(4,911)
14,880|**Previous Year**
£
463
(500)
(38)
983
946
**Travel/Research**
**Current Year**
**Previous Year**
£
574
614
0
0
(6,963)
(4,312)
**Previous Year**
£
15,100
3,750
941
(4,911)
14,880|
|---|---|---|---|---|---|
||||(2)
(1,972)|||
||||(1,974)|||
|for year ended 31 December 2022
**Income**
Share of Investment Income
Donations Received
**Less Expenditure**
**Surplus / (Deficit) for the Year**
Unrealised Investment Profit
**Surplus inc. unrealised investment profit**||||||
||(2,479)
(1,851)|(490)
945||(6,389)
(2,270)|(3,698)
1,306|
||(4,330)|455||(8,659)|(2,392)|
16