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2024-12-31-accounts

THE BRITISH ARCHAEOLOGICAL ASSOCIATION

Company no 2747476 Charity No 1014821

UNAUDITED REPORT AND ACCOUNTS FOR THE

YEAR ENDED 31 DECEMBER 2024

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 2024

  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 2024 were as follows.

President: Professor Julian Luxford, M.A., M.Sc., Ph.D., F.S.A., F.R.Hist.S. (to 2
October)
Alexandrina Buchanan, B.A., M.Sc., Ph.D., Dip.Arch & RM., F.S.A.
(from 2 October)
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.
Rev’d Martin Henig, M.A., D.Phil., D.Litt., F.S.A.
Director: Lloyd de Beer, B.A., M.A., Ph.D. (to 2 October)
Jana Gajdošová, B.A., M.A., Ph.D. (from 2 October)
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: John Munns, M.A., M.Phil., Ph.D., F.S.A., F.R.Hist.S.
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. (to 2 October)
Sophie Kelly, B.A., M.A., Ph.D. (from 2 October)
Publicity Officer: Richard Plant, B.A., Ph.D.

2

Web Officer: Meg Bernstein, B.A., M.A., Ph.D. ( to 2 October ) Róisín Astell, B.A., M.A., Ph.D. ( from 2 October ) Leeds IMC Organiser Harriet Mahood, B.A., M.A., Ph.D. ( to 2 October) Naomi Speakman, BA., MA., Ph.D. (from 2 October) Student and Early Career Representative: Róisín Astell, B.A., M.A., Ph.D. ( to 2 October) Student Representative: Sophia Dumoulin, B.A., M.A. ( from 2 October) Council Members: Stacy Boldrick, B.A., M.A., Ph.D. Eric Cambridge, B.A., M.A., Ph.D. Ross Cook, B.A., M.C.I. f .A. Jessica Freeland ( from 2 October ) Jackie Hall, M.A., Ph.D., M.C.I. f .A. Tim Harris ( from 2 October ) David Harrison, M.A., D.Phil, F.S.A. Megan McNamee, M.A., Ph.D. ( to 2 October ) Zoë Opačic, ( from 2 October ) Deirdre O’Sullivan, B.A., M.Phil. ( to 2 October ) Katherine Waldron ( from 2 October ) Lucy Wrapson, M.A., M.A., Dip.(Cons), Ph.D., ACR, F.I.I.C.

Council meetings were held on 7 February, 1 May, 2 October, and 4 December. The AGM was held at the Society of Antiquaries on 2 October.

  1. MEMBERSHIP The membership at 31 December 2024 was as follows
2024 2023
Ordinary members: 239 242
Retired members: 192 192
Student members: 83 84
Life members: 25 31
Joint members: 26 28
Institutional members: 203 203
768 780

At the end of 2024, the Association was both shocked and deeply saddened to learn of the death of our Secretary John McNeill, whose contribution to the Association over more than 20 years, saw him work alongside 8 Presidents, convene 2 conferences, namely Kings Lynn and Anjou together with his future wife, Anna Eavis, initiate with the support of John Osborn, 8 Romanesque conferences, write numerous academic papers for the Association and edit many volumes of the Conference Transactions and special issues of the Journal . A full appreciation will appear in 2025.

We were also sad to be informed of the death of David McDowell in September 2024, who for many years had served as Association Treasurer.

Of the individual members 389 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 2024. The lecture programme was held at the Society of Antiquaries

3 January 2024:

‘The Archaeology of the London Custom House site, 50 years on. From Roman quays and city wall to Chaucer and Wren’s Custom Houses’ by Tim Tatton-Brown

3

7 February 2024: ‘Hellmouths, Human Remains and Holy Ground: Death, Resurrection and Insular
Monuments’ by Dr Heather Pulliam
6 March 2023: “Honey I shrank the Church’: Scaling Down Great Church Designs during the long
twelfth century’ by Dr Eric Cambridge
3 April 2024: ‘Tintern Abbey 1132-2031: Research and Conservation ahead of a 900thAnniversary’ by
Dr David Robinson
1 May 2024: ‘The Construction of Notre-Dame de Paris: Recent Research, Recent Discoveries, 2019-
2024’ by Professor Yves Gallet
2 October 2024: ‘The Calf and the Codex’ by Professor Joanna Storey
6 November 2024: ‘Newman University Church, Dublin: Faith, Flux and Utopian Medievalisms’ by Dr
Niamh Bhalla
4 December 2024: ‘CoNUNdrum: Gleanings from 800m2of Salvage Excavation at the Cistercian Nunnery of
St Theodore in Nicosia, Cyprus’ by Dr Michalis Olympios

The Association’s summer conference was held at Haverfordwest in Pembrokeshire. Organised around the theme ‘Roman and Medieval Art, Architecture and Archaeology in Pembrokeshire’, the conference took place from 15-19 July.100 people attended the Pembrokeshire Conference including speakers, on site speakers and invited guests. There were 3 student scholarships awarded. A total of 21 papers were read in the Merlin Theatre at Pembrokeshire College. On the cold and damp Tuesday afternoon, the conference was transported to St Davids. The Very Rev’d Dr Sarah Rowland Jones, the Dean, welcomed the Association to the Cathedral; a general introduction was provided by Wyn Evans (Bishop 2008-16) and Ross Cook, Cathedral Archaeologist. Groups were invited to visit the Library and the Treasury; to see the Wall Paintings and Screen; consider the cult and shrine of St David and the tomb of Edmund Tudor. For the brave of heart access was also provided to the organ loft for a close-up view of the nave arches and ceiling. Plenty of time was given to visit the adjacent ruins of St Davids Bishop’s Palace. The day ended with a barbecue hosted by the Dean in the Cathedral gardens. Wednesday was entirely devoted to visits, starting with Picton Castle before moving to the less well-known Llawhaden Castle. The medieval town of Tenby offered a useful lunch stop with time to visit St Mary’s Church before moving on again to Carew Castle and High Cross with a final stop at Lamphey Bishop’s Palace, a fascinating comparison to that at St Davids. Thursday offered a walking tour of Haverfordwest, beginning at St Mary’s Church and the exterior of the Castle before descending into the town to hear about recent excavations at the Friary and visit the scant remains of the Priory. Buses then drove to Pembroke Castle and St Nicholas’s Priory Church at Monkton, before returning to the Glen Hotel in Haverfordwest for the Conference dinner. 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 David Austin, Nicola Coldstream, John Crook, Maddy Gray, Stuart Harrison, Mari James, Sophie Kelly, Neil Ludlow, Fran Murphy, Sian Rees, Matthew Reeve, Zachary Stewart and Richard Suggett, Special mention must be given to David Robinson, who was ever present and ever willing to share his knowledge. We also owe a big debt to Mari James who was largely responsible for facilitating our smooth visit to St Davids.

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 – Christopher Catling - who pulled off a quite brilliant event, 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.

The eighth Romanesque Conference was held in 2024 at Valladolid, the short-lived capital of Hapsburg Spain. The biennial International Conference was once again generously underwritten by one of the Association’s members, John Osborn, to whom we are exceptionally grateful. The theme of the conference was ‘Romanesque and the Monastic Environment’ and took place between the 8-10 April, with visits to various sites in Salamanca and Toro on 11 April and on 12 April Santo Domingo de Silos. The conference papers were given in the main lecture theatre

4

of the Palacio de Congreicsos Conde Ansurez at the University of Valladolid and drew some 80 delegates and guests who came from the UK, Spain, Norway, France, Ireland, Switzerland, Germany, the Netherlands, Hungary, Poland and the USA. 5 postgraduate students were awarded scholarships which covered all conference fees, accommodation and travel. In total 23 papers were delivered. The Rector of the University, Antonio Largo Cabrerizo, was unable to welcome the Association at the start of the conference, instead he welcomed everyone on the second evening to a reception at the Rectorate and Faculty of Law. The President signed the visitors book on behalf of the Association.

The Association is enormously grateful to the small Steering Group namely Mañuel Castiñeras, Fernando Gutiérrez Baños and John McNeill who ultimately brought the conference into existence and to the 25 speakers from 9 countries who enlightened the conference with their research. We would especially like to single out Fernando Gutiérrez Baños, who was wonderfully supportive at all stages of the conference and acted as conference convenor, in the absence of Mañuel Castiñeras who was called away at the last minute. The Association is grateful to all those who gave site presentations, namely Javier Martinez de Aguirre, Teresa Martinez Martinez, John McNeill and Fernando Gutiérrez Baños in Salamanca and Toro and Elizabeth Valdez del Álamo whose long association with Santo Domingo de Silos enabled the Association to visit many closed areas of the monastery. Above all, thanks must be expressed to Kate Milburn who as Conference Secretary ensured all aspects of the Conference from beginning to end, especially the complications of multiple venues in Valladolid, ran smoothly. Finally, without the keen generosity of John Osborn there would be no International Conference series, and the Association is greatly in his debt.

2024 saw the 5[th] Postgraduate Conference take place via Zoom. Over 20 proposals were received for the conference which the Steering Group of Richard Halsey, Deirdre O'Sullivan, and Sophia Dumoulin helped whittle down. Ten proposals were accepted from students attached to universities in the UK, Poland, Germany, Greece, and Portugal, along with two young independent scholars who presented their papers while separated by many time zones to an audience which averaged over 30 people across three continents. The Association’s Postgraduate Conference has developed from an initial proposal into a major opportunity for postgraduate scholars to share their research on an international stage, we offer wholehearted thanks to Róisin Astell who has worked unstintingly to bring her idea together and led the initiative for 5+ years. Róisin is now the Association’s Early Career Representative, it is anticipated that the new Student Representative, Sophia Dumoulin, will join and help run the 2025 conference.

The Leeds International Medieval Congress 2024 was another hybrid event with speakers presenting both in-person and via video link. This continues to be an asset to the conference as it offers the opportunity to attend to speakers and audience alike who are unable to attend in-person. The Association sponsored a single session in 2024 which featured three presentations. The session was well attended by Association members as well as a few non-members.

The organisation and moderation of the Association’s ongoing presence at Leeds IMC will be continued by Naomi Speakman and Sophie Kelly who have generously agreed to take over from Harriet Mahood. Harriet would like to express her gratitude to the Association, and John McNeill in particular, for the support she received over the years regarding the BAA’s presence at Leeds.

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.

Two Study Days took place in 2024, a visit to Hexham and a day at Lesnes Abbey in southeast London, which was extended by a visit to see the Lesnes Missal at the V&A. Hexham, seat of an Anglo-Saxon bishopric, and an Augustinian priory from the early 12[th] century until 1537, is unusually well placed to illustrate the chronology of its own development. The Hexham study day allowed the members and students to explore the Roman and medieval sculpture, architecture and painting of Hexham Abbey. We would like to extend special thanks to Julian Luxford who so expertly organized the study day. Eric Cambridge, Nick Hodgson and Julian Luxford gave presentations on the day and Hugh Dixon, handled all the liaison with the abbey, and the abbey staff.

Lesnes Abbey was founded by Henry II’s chief justiciar, Richard de Lucy, in 1178; the foundation was dedicated to St Mary and St Thomas the Martyr. A magnificent surviving Missal from the abbey, now in the V&A,

5

produced around 1200, reflects both de Lucy family patronage and their interest in Thomas Becket. The group visited the site of Lesnes Abbey in the first part of the day, where Richard Halsey and David Robinson discussed the abbey's archaeological remains, and Hugh Doherty spoke about the de Lucy patronage and the family’s relationship with Becket. In the afternoon, the study day moved to the V&A, where the group was able to view the Lesnes Missal out of its display case and the fine tomb of a later member of the de Lucy family, c . 1300, in the galleries. Rowan Watson and Catherine Yvard described the contents and illumination of the Missal, while Michaela Zoschg discussed the provenance and possible patronage of the tomb. We would also like extend special thanks to Lindy Grant who was responsible for proposing and organising such an interesting study day.

On 30 April a special day was arranged jointly by the Corpus of Romanesque Sculpture in Great Britain and Ireland, The Society of Antiquaries and the Association to remember and celebrate the achievements of Jill Franklin, who over the course of some 40 years had helped establish the Corpus alongside George Zarnecki, catalogue the works of art in the care of the Society and served on the Council of the Association. Jill was a leading authority on Augustinian architecture. The theme of the day was ‘Afterlives: reusing the past’. Bob Allies, Jill’s husband, delivered the first paper ‘Something in the air: the poetics and pragmatics of the pre-existing’ and this was followed by 14 other short papers presented by friends and colleagues. Thanks are expressed to Sandy Heslop and Rose Walker who convened the conference and Jola Zdunek, at the Society, who ensured the smooth running of the day.

At the Association’s AGM on 2 October 2024, the handing-over of the Presidency from Julian Luxford to Alexandrina Buchanan took place. Julian served a 4-year term with much thoughtfulness and energy.

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 2024 (Volume 177) was initially posted to members in October however, technical difficulties meant many members did not receive their copies until December. The re-introduction of Shorter Notices proved popular and 3 were published in this volume. Longer articles covered use of colour in 11[th] century England, the Püsterich of Sondershausen, city walls on ducal and civic seals, courtly love posies, and new discoveries in the Langton Chapel at Winchester Cathedral. Obituaries of Jon Cannon and Professor Richard Fawcett were also included. We are immensely grateful to our editor, Dr John Munns, for producing such a stimulating journal. We also warmly congratulate our reviews editor, Dr Costanza Beltrami, who brought together 12 reviews of recently published books.

  1. 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 eight applications received for the 2024 scholarship two awards were made:

Elena Lichmanova: awarded £2,318 for work on Creating Marginalia in Thirteenth-Century English Illuminated Psalters (University of Oxford – D. Phil thesis)

Mackenzie Masters: awarded £4,628 for research on Social Entanglement in Death: Interpopulation isotopic analysis between mass graves and attritional assemblage (University of York – Ph.D. thesis)

6

All but six of the sixty-eight 1995-2024 scholars have now completed their theses or research projects - three of them current and three abandoned. Advertisements for the 2025 scholarships were circulated in late 2024.

  1. 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 Leicester 2125 July 2025 and Winchester (July 2026). The ninth and final International Romanesque Conference will explore the theme of transmission, imitation and reception in Romanesque Art and Architecture. It will be held at the University of Toulouse 2, from 13-15 April 2026, 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 2024

(Including income and expenditure)
Income and Expenditure
Incoming Resources
Grants and Donations
Donation for Romanesque Conference
Annual Subscriptions
Journal Sponsorship
Conference Income
Romanesque Conference
Study Day Income
Investment Income and Interest
Tax Refund (Gift Aid)
Conference Transaction Royalties
Sundry Income
Bequest
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 2024
Fund Balances Carried Forward at 31st December 2024		 Current
Year
0
16,000
19,283
1,005
27,677
17,008
507
20,932
4,000
4,000
2,742
194,509
307,665
(126,723)		 Previous
Year
25
10,000
19,144
1,369
52,295
1,110
16,880
8,000
1,239
0
113,062
(104,024)

(104,024)
9,038
(907)
25,430
33,561
578,343
611,904
(126,723) (104,024)
9,038
925
5,582
187,449
611,903
799,352

8

THE BRITISH ARCHAEOLOGICAL ASSOCIATION

BALANCE SHEET AS AT 31 DECEMBER 2024

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
Publication Fund
Travel Award Fund
Romanesque Conference Fund
Reginald Taylor and Lord Fletcher Fund
Ochs 150 Fund
Fergusson Bequest		 2024
£
735,546
0
8,987
59,355
2,518
70,860
(7,054)
63,806
799,352
326,981
7,881
5,322
38,609
19,371
203,061
198,127
799,352		 2024
£
735,546
0
8,987
59,355
2,518
70,860
(7,054)
63,806
799,352
326,981
7,881
5,322
38,609
19,371
203,061
198,127
799,352		 £
0
20,143
86,667
2,395		 2023
£
518,193
93,711
109,205
(15,494)
799,352 611,904
326,981
7,881
5,322
38,609
19,371
203,061
198,127		 325,026
14,370
8,305
44,081
18,676
201,446
0
799,352 611,904

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 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 responsibility for;

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The financial statements were approved by the Council and authorised for issue on ……….…and signed on its behalf by:- ………….…………………………. Alexandrina Buchanan, President.

THE BRITISH ARCHAEOLOGICAL ASSOCIATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

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 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. (effective January 2016). In preparing the financial statements the Association follows best practice as laid down in the statement of recommended practice “Accounting and Reporting by Charities” effective October 2019. The financial statements have been prepared under the historical cost convention.

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, to the Travel Awards Fund, to the Publications 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.

2. Charitable Expenditure
Conference Transactions Preparation
Journal Expenses
Lecturer’s Expenses
Hire of Rooms (Society of Antiquaries)
R Taylor and Lord Fletcher Prize
Ochs Scholarship
Travel and Publications Funds Disbersments
Romanesque Conference
Annual Conference Expenses
Study Days
Conference / IMC Leeds Scholarships
Administrative Costs
Subscriptions payable
Accountancy Fees
Bank Charges
Public Liability Insurance
Miscellaneous
Unlisted Investments (Unit Trusts)
Market Value at 1stJanuary 2024
Additional Investment
Unrealised Gains/ (Losses)
Market Value at 31stDecember 2024
Cost at 31stDecember 2023
Investments
Unit No.
M&G Charity Multi Asset Fund
29,681.60
CAF ESG Income and Growth Fund
130,580.39
COIF Investment Fund
5,961.67
COIF Fixed Interest Fund
15,493.59
Blackrock Charishare
42,071.49
Blackrock Charinco
76,505.62
Total		 2. Charitable Expenditure
Conference Transactions Preparation
Journal Expenses
Lecturer’s Expenses
Hire of Rooms (Society of Antiquaries)
R Taylor and Lord Fletcher Prize
Ochs Scholarship
Travel and Publications Funds Disbersments
Romanesque Conference
Annual Conference Expenses
Study Days
Conference / IMC Leeds Scholarships
Administrative Costs
Subscriptions payable
Accountancy Fees
Bank Charges
Public Liability Insurance
Miscellaneous
Unlisted Investments (Unit Trusts)
Market Value at 1stJanuary 2024
Additional Investment
Unrealised Gains/ (Losses)
Market Value at 31stDecember 2024
Cost at 31stDecember 2023
Investments
Unit No.
M&G Charity Multi Asset Fund
29,681.60
CAF ESG Income and Growth Fund
130,580.39
COIF Investment Fund
5,961.67
COIF Fixed Interest Fund
15,493.59
Blackrock Charishare
42,071.49
Blackrock Charinco
76,505.62
Total		 2. Charitable Expenditure
Conference Transactions Preparation
Journal Expenses
Lecturer’s Expenses
Hire of Rooms (Society of Antiquaries)
R Taylor and Lord Fletcher Prize
Ochs Scholarship
Travel and Publications Funds Disbersments
Romanesque Conference
Annual Conference Expenses
Study Days
Conference / IMC Leeds Scholarships
Administrative Costs
Subscriptions payable
Accountancy Fees
Bank Charges
Public Liability Insurance
Miscellaneous
Unlisted Investments (Unit Trusts)
Market Value at 1stJanuary 2024
Additional Investment
Unrealised Gains/ (Losses)
Market Value at 31stDecember 2024
Cost at 31stDecember 2023
Investments
Unit No.
M&G Charity Multi Asset Fund
29,681.60
CAF ESG Income and Growth Fund
130,580.39
COIF Investment Fund
5,961.67
COIF Fixed Interest Fund
15,493.59
Blackrock Charishare
42,071.49
Blackrock Charinco
76,505.62
Total		 2024
£
0
10,428
3,095
8,919
0
5,877
10,769
44,258
27,498
4,424
477
4,757
137
800
1,245
263		 2023
£
122
11,070
2,314
10,281
1,304
7,375
9,556
0
52,716
1,326
775
4,144
130
800
1,365
263
483
104,024 1
492,762
0
25,431
3,776 483
126,723 104,024
518,193
211,772
5,582
735,546 518,193
518,193 306,706
31.12.2023
£
0
136,548
118,309
18,952
130,624
113,759
518,193
31.12.2024
Unit No. £ Unit No. £
M&G Charity Multi Asset Fund 29,681.60 27,553 0 0
CAF ESG Income and Growth Fund 130,580.39 143,978 130,580.39 136,548
COIF Investment Fund 5,961.67 120,982 5,961.67 118,309
COIF Fixed Interest Fund 15,493.59 19,531 15,493.59 18,952
Blackrock Charishare 42,071.49 315,034 17,885.20 130,624
Blackrock Charinco 76,505.62 108,468 76,505.62 113,759
Total 735,546 518,193

3. Unlisted Investments (Unit Trusts)

3

11

4Debtors
Gift Aid (Estimate claim in progress)
Annual Conference Prepayment
Romanesque Conference
Taylor and Francis Journal Income
5.Creditors
Amounts falling due within 1 year
Prepaid Membership Subscriptions
Prepaid deposits for Romanesque Conference
Independent Accountant’s Fee
Taylor and Francis Informa Printing
Society of Antiquaries of London Room Hire
6.Reconciliation of Funds
At 1 January 2024
Surplus for the year
Accounting adjustments
Unrealised Gain/ (Loss) on
revaluation of investments
At 31 December 2024		 2024
£
4,000
450
537
4,000
8,987
£
754
0
800
0
5,500
7,054
Total
£
611,903
180,942
925
5,582
799,352		 2023
£
15,000
484
1,659
3,000
20,143
£
801
10,433
800
0
3,460
15,494
Total
£
578,343
9,038
(907)
25,430
611,904

12

3

THE BRITISH ARCHAEOLOGICAL ASSOCIATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)

7Cashflow Statement for the Year ended 31st December 2024
Net Cashflow from Operating Activities
Returns on Investments
Fergusson Bequest
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 in Cash in the Year		 2024
£
(34,500)
20,932
194,509
0		 2023
£
(7,842)
16,880
0
0
180,942
0
(211,772)
(30,830)
(11,156)
8,440
(925)
(27,189)		 9,038
0
0
9,038
(1,343)
2,273
(907)
9,061

13

3

THE BRITISH ARCHAEOLOGICAL ASSOCIATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED)

8. Movements on Unrestricted Funds

General Public- Travel Romanes Romanes R. Fergusson Ochs TOTAL
Fund ation
Fund		 Award
Fund		 que Fund Taylor
and		 Fund Fund
Lord
Taylor
Fund
At 1stJanuary 325,026 14,370 8,305 44,080 18,676 0 201,446 611,904
2024
Bequest 194,509 194,509
Share of 9,361 414 239 1,778 538 2,801 5,802 20,932
Investment
Income
Donations 16,000 16,000
Gift Aid 4,000 4,000
Expenditure or (14,311) (7,023) (3,293) 0 0 0 (5,877) (30,504)
(Deficit)/Surplus
Romanesque
Conference		 (27,250) (27,250)
Annual 179 179
Conference
Conference 4,000 4,000
Transactions
Unrealised Gain 2,728 120 69 157 816 1691 5,582
on Revaluation
of Investments
31stDecember 326,981 7,881 5,322 38,608 19,371 198,127 203,062 799,352
2024

All Unrestricted Funds, other than the General Fund, are Designated Funds. Money was received from Reginald Taylor in 1932 for an Essay Prize; to this extent the Fund is Restricted but the amount is unidentifiable and would be negligible in current terms. 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.

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 (4.03%), before other investment income has been apportioned.

The Publication Fund and the Travel Award Fund were previously referred to as the Foxon1 and Foxon 2 Funds which were established following a donation received in 2019.

3

THE BRITISH ARCHAEOLOGICAL ASSOCIATION

GENERAL ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

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
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 2024
Value as at 31st December 2024		 19,284
1,005
507
2,289
0		 2024
£




23,085








(38,322)		 19,144
1,369
1,110
1,239
6,000		 19,144
1,369
1,110
1,239
6,000		 2023
£
28,862






(32,951)
0
10,428
3,095
8,919
4,424
477
4,757
137
800
1,245
263		 0
11,070
2,314
10,281
1,326
775
4,144
130
800
1,365
263
483
3,776 483
(15,237)
4,000
925
0
180
9,360
2,728		 (4,089)
2,878
(907)
25
(420)
8,672
14,152
1,956 20,310
325,025
326,981		 304,716
325,025

15

THE BRITISH ARCHAEOLOGICAL ASSOCIATION
OCHS 150 FUND for year ended 31 December 2024
Current Year
Previous Year
Income
£
£
Share of Investment Income
5,802
5,529
Less Expenditureon Ochs Scholarships
(5,877)
(7,375)
Surplus / (Deficit) for the Year
(75)
(1,846)
Unrealised Investment Profit
1,690
9,023
Surplus / (Deficit) incl. Unrealised investment profit
1,615
7,177
NB Ochs Scholarships are awarded annually but expensed in the year in which stage payments are paid.
REGINALD TAYLOR AND LORD FLETCHER FUND
for year ended 31 December 2024
Current Year
Previous Year
Income
£
£
Share of Investment Income
538
529
Less Expenditure
0
(1,304)
Surplus / (Deficit) for the Year
538
(775)
Unrealised Investment Profit
157
863
Surplus inc. unrealised investment profit
695
88
PUBLICATIONS AND TRAVEL AWARDS FUNDS
for year ended 31 December 2024
PUBLICATION
TRAVEL
Current Year
Previous Year
Current Year
Previous Year
Income
£
£
Share of Investment Income
414
426
239
427
Donations Received
0
0
0
0
Less Expenditure
(7,023)
(1,725)
(3,293)
(7,831)
Surplus / (Deficit) for the Year
(6,609)
(1,299)
(3,354)
(7,404)
Unrealised Investment Profit
121
695
69
697
Surplus inc. unrealised investment profit
(6,488)
(604)
(2,983)
(6,707)
ROMANESQUE CONFERENCE FUND
Current Year
Previous Year
for year ended 31 December 2024
£
£
Income
Donation
16,000
10,000
Gift Aid
4,000
2,000
Share of Investment Income
1,778
1,297
Less Expenditure
(27,250)
0
Surplus / (Deficit) for the Year
(5,472)
13,297		 THE BRITISH ARCHAEOLOGICAL ASSOCIATION
OCHS 150 FUND for year ended 31 December 2024
Current Year
Previous Year
Income
£
£
Share of Investment Income
5,802
5,529
Less Expenditureon Ochs Scholarships
(5,877)
(7,375)
Surplus / (Deficit) for the Year
(75)
(1,846)
Unrealised Investment Profit
1,690
9,023
Surplus / (Deficit) incl. Unrealised investment profit
1,615
7,177
NB Ochs Scholarships are awarded annually but expensed in the year in which stage payments are paid.
REGINALD TAYLOR AND LORD FLETCHER FUND
for year ended 31 December 2024
Current Year
Previous Year
Income
£
£
Share of Investment Income
538
529
Less Expenditure
0
(1,304)
Surplus / (Deficit) for the Year
538
(775)
Unrealised Investment Profit
157
863
Surplus inc. unrealised investment profit
695
88
PUBLICATIONS AND TRAVEL AWARDS FUNDS
for year ended 31 December 2024
PUBLICATION
TRAVEL
Current Year
Previous Year
Current Year
Previous Year
Income
£
£
Share of Investment Income
414
426
239
427
Donations Received
0
0
0
0
Less Expenditure
(7,023)
(1,725)
(3,293)
(7,831)
Surplus / (Deficit) for the Year
(6,609)
(1,299)
(3,354)
(7,404)
Unrealised Investment Profit
121
695
69
697
Surplus inc. unrealised investment profit
(6,488)
(604)
(2,983)
(6,707)
ROMANESQUE CONFERENCE FUND
Current Year
Previous Year
for year ended 31 December 2024
£
£
Income
Donation
16,000
10,000
Gift Aid
4,000
2,000
Share of Investment Income
1,778
1,297
Less Expenditure
(27,250)
0
Surplus / (Deficit) for the Year
(5,472)
13,297		 THE BRITISH ARCHAEOLOGICAL ASSOCIATION
OCHS 150 FUND for year ended 31 December 2024
Current Year
Previous Year
Income
£
£
Share of Investment Income
5,802
5,529
Less Expenditureon Ochs Scholarships
(5,877)
(7,375)
Surplus / (Deficit) for the Year
(75)
(1,846)
Unrealised Investment Profit
1,690
9,023
Surplus / (Deficit) incl. Unrealised investment profit
1,615
7,177
NB Ochs Scholarships are awarded annually but expensed in the year in which stage payments are paid.
REGINALD TAYLOR AND LORD FLETCHER FUND
for year ended 31 December 2024
Current Year
Previous Year
Income
£
£
Share of Investment Income
538
529
Less Expenditure
0
(1,304)
Surplus / (Deficit) for the Year
538
(775)
Unrealised Investment Profit
157
863
Surplus inc. unrealised investment profit
695
88
PUBLICATIONS AND TRAVEL AWARDS FUNDS
for year ended 31 December 2024
PUBLICATION
TRAVEL
Current Year
Previous Year
Current Year
Previous Year
Income
£
£
Share of Investment Income
414
426
239
427
Donations Received
0
0
0
0
Less Expenditure
(7,023)
(1,725)
(3,293)
(7,831)
Surplus / (Deficit) for the Year
(6,609)
(1,299)
(3,354)
(7,404)
Unrealised Investment Profit
121
695
69
697
Surplus inc. unrealised investment profit
(6,488)
(604)
(2,983)
(6,707)
ROMANESQUE CONFERENCE FUND
Current Year
Previous Year
for year ended 31 December 2024
£
£
Income
Donation
16,000
10,000
Gift Aid
4,000
2,000
Share of Investment Income
1,778
1,297
Less Expenditure
(27,250)
0
Surplus / (Deficit) for the Year
(5,472)
13,297		 THE BRITISH ARCHAEOLOGICAL ASSOCIATION
OCHS 150 FUND for year ended 31 December 2024
Current Year
Previous Year
Income
£
£
Share of Investment Income
5,802
5,529
Less Expenditureon Ochs Scholarships
(5,877)
(7,375)
Surplus / (Deficit) for the Year
(75)
(1,846)
Unrealised Investment Profit
1,690
9,023
Surplus / (Deficit) incl. Unrealised investment profit
1,615
7,177
NB Ochs Scholarships are awarded annually but expensed in the year in which stage payments are paid.
REGINALD TAYLOR AND LORD FLETCHER FUND
for year ended 31 December 2024
Current Year
Previous Year
Income
£
£
Share of Investment Income
538
529
Less Expenditure
0
(1,304)
Surplus / (Deficit) for the Year
538
(775)
Unrealised Investment Profit
157
863
Surplus inc. unrealised investment profit
695
88
PUBLICATIONS AND TRAVEL AWARDS FUNDS
for year ended 31 December 2024
PUBLICATION
TRAVEL
Current Year
Previous Year
Current Year
Previous Year
Income
£
£
Share of Investment Income
414
426
239
427
Donations Received
0
0
0
0
Less Expenditure
(7,023)
(1,725)
(3,293)
(7,831)
Surplus / (Deficit) for the Year
(6,609)
(1,299)
(3,354)
(7,404)
Unrealised Investment Profit
121
695
69
697
Surplus inc. unrealised investment profit
(6,488)
(604)
(2,983)
(6,707)
ROMANESQUE CONFERENCE FUND
Current Year
Previous Year
for year ended 31 December 2024
£
£
Income
Donation
16,000
10,000
Gift Aid
4,000
2,000
Share of Investment Income
1,778
1,297
Less Expenditure
(27,250)
0
Surplus / (Deficit) for the Year
(5,472)
13,297		 THE BRITISH ARCHAEOLOGICAL ASSOCIATION
OCHS 150 FUND for year ended 31 December 2024
Current Year
Previous Year
Income
£
£
Share of Investment Income
5,802
5,529
Less Expenditureon Ochs Scholarships
(5,877)
(7,375)
Surplus / (Deficit) for the Year
(75)
(1,846)
Unrealised Investment Profit
1,690
9,023
Surplus / (Deficit) incl. Unrealised investment profit
1,615
7,177
NB Ochs Scholarships are awarded annually but expensed in the year in which stage payments are paid.
REGINALD TAYLOR AND LORD FLETCHER FUND
for year ended 31 December 2024
Current Year
Previous Year
Income
£
£
Share of Investment Income
538
529
Less Expenditure
0
(1,304)
Surplus / (Deficit) for the Year
538
(775)
Unrealised Investment Profit
157
863
Surplus inc. unrealised investment profit
695
88
PUBLICATIONS AND TRAVEL AWARDS FUNDS
for year ended 31 December 2024
PUBLICATION
TRAVEL
Current Year
Previous Year
Current Year
Previous Year
Income
£
£
Share of Investment Income
414
426
239
427
Donations Received
0
0
0
0
Less Expenditure
(7,023)
(1,725)
(3,293)
(7,831)
Surplus / (Deficit) for the Year
(6,609)
(1,299)
(3,354)
(7,404)
Unrealised Investment Profit
121
695
69
697
Surplus inc. unrealised investment profit
(6,488)
(604)
(2,983)
(6,707)
ROMANESQUE CONFERENCE FUND
Current Year
Previous Year
for year ended 31 December 2024
£
£
Income
Donation
16,000
10,000
Gift Aid
4,000
2,000
Share of Investment Income
1,778
1,297
Less Expenditure
(27,250)
0
Surplus / (Deficit) for the Year
(5,472)
13,297		 THE BRITISH ARCHAEOLOGICAL ASSOCIATION
OCHS 150 FUND for year ended 31 December 2024
Current Year
Previous Year
Income
£
£
Share of Investment Income
5,802
5,529
Less Expenditureon Ochs Scholarships
(5,877)
(7,375)
Surplus / (Deficit) for the Year
(75)
(1,846)
Unrealised Investment Profit
1,690
9,023
Surplus / (Deficit) incl. Unrealised investment profit
1,615
7,177
NB Ochs Scholarships are awarded annually but expensed in the year in which stage payments are paid.
REGINALD TAYLOR AND LORD FLETCHER FUND
for year ended 31 December 2024
Current Year
Previous Year
Income
£
£
Share of Investment Income
538
529
Less Expenditure
0
(1,304)
Surplus / (Deficit) for the Year
538
(775)
Unrealised Investment Profit
157
863
Surplus inc. unrealised investment profit
695
88
PUBLICATIONS AND TRAVEL AWARDS FUNDS
for year ended 31 December 2024
PUBLICATION
TRAVEL
Current Year
Previous Year
Current Year
Previous Year
Income
£
£
Share of Investment Income
414
426
239
427
Donations Received
0
0
0
0
Less Expenditure
(7,023)
(1,725)
(3,293)
(7,831)
Surplus / (Deficit) for the Year
(6,609)
(1,299)
(3,354)
(7,404)
Unrealised Investment Profit
121
695
69
697
Surplus inc. unrealised investment profit
(6,488)
(604)
(2,983)
(6,707)
ROMANESQUE CONFERENCE FUND
Current Year
Previous Year
for year ended 31 December 2024
£
£
Income
Donation
16,000
10,000
Gift Aid
4,000
2,000
Share of Investment Income
1,778
1,297
Less Expenditure
(27,250)
0
Surplus / (Deficit) for the Year
(5,472)
13,297		 THE BRITISH ARCHAEOLOGICAL ASSOCIATION
OCHS 150 FUND for year ended 31 December 2024
Current Year
Previous Year
Income
£
£
Share of Investment Income
5,802
5,529
Less Expenditureon Ochs Scholarships
(5,877)
(7,375)
Surplus / (Deficit) for the Year
(75)
(1,846)
Unrealised Investment Profit
1,690
9,023
Surplus / (Deficit) incl. Unrealised investment profit
1,615
7,177
NB Ochs Scholarships are awarded annually but expensed in the year in which stage payments are paid.
REGINALD TAYLOR AND LORD FLETCHER FUND
for year ended 31 December 2024
Current Year
Previous Year
Income
£
£
Share of Investment Income
538
529
Less Expenditure
0
(1,304)
Surplus / (Deficit) for the Year
538
(775)
Unrealised Investment Profit
157
863
Surplus inc. unrealised investment profit
695
88
PUBLICATIONS AND TRAVEL AWARDS FUNDS
for year ended 31 December 2024
PUBLICATION
TRAVEL
Current Year
Previous Year
Current Year
Previous Year
Income
£
£
Share of Investment Income
414
426
239
427
Donations Received
0
0
0
0
Less Expenditure
(7,023)
(1,725)
(3,293)
(7,831)
Surplus / (Deficit) for the Year
(6,609)
(1,299)
(3,354)
(7,404)
Unrealised Investment Profit
121
695
69
697
Surplus inc. unrealised investment profit
(6,488)
(604)
(2,983)
(6,707)
ROMANESQUE CONFERENCE FUND
Current Year
Previous Year
for year ended 31 December 2024
£
£
Income
Donation
16,000
10,000
Gift Aid
4,000
2,000
Share of Investment Income
1,778
1,297
Less Expenditure
(27,250)
0
Surplus / (Deficit) for the Year
(5,472)
13,297

for year ended 31 December 2024
Income
Share of Investment Income
Donations Received
Less Expenditure
Surplus / (Deficit) for the Year
Unrealised Investment Profit
Surplus inc. unrealised investment profit
£
239
0
(3,293)
(6,609)
121		 (1,299)
695		 (3,354)
69
(7,404)
697
(6,488) (604) (2,983) (6,707)

16

ACCOUNTANTS REPORT ON THE UNAUDITED ACCOUNTS

TO THE COUNCIL OF

THE BRITISH ARCHAEOLOGICAL ASSOCIATION

In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have reviewed the financial statements of the Company which comprise The Profit and Loss Account, the Balance Sheet and the related notes set out on pages 8 to 14 from the accounting records and information and explanations you have given to us.

This report is made solely to the Board of Directors of The British Archaeological Association, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The British Archaeological Association and state those matters that we have agreed to state to the Board of Directors of The British Archaeological Association, as a body, in this report in accordance and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The British Archaeological Association and its Board of Directors, as a body, for our work or for this report.

As a practising member of the Chartered Institute of Management Accountants (CIMA), we are subject to its ethical and other professional requirements which are detailed within the CIMA's Code of Ethics for Professional Accountants at https://www.aicpa-cima.com/resources/download/cima-code-of-ethics-forprofessional-accountants-issued-january-2020.

You have acknowledged on the Balance Sheet as at 31 December 2024, your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the period.

We have not been instructed to carry out an audit or a review of the financial statements of The British Archaeological Association. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The PiR Partnership LLP Astech Mill, 50 Stratford Road, Shipston-on-Stour, Warwickshire. CV36 4BA

17