2022-03-31-accounts - The British Institute For The Study Of Iraq (Gertrude Bell Memorial)

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Reference and Administrative Information	Reference and Administrative Information
Report ofthe Council of Management	(which also includes the Directors' Report) ...
Statement of Council Responsibilities	............................................................................	..16
Independent Examiners report to the	Trustees ofthe British Institute for the Study of	Iraq
(Gertrude Bell Memorial).		.17
Statement of Financial Activities ....		....18
Balance Sheet		.19
Income and Expenditure account.		20
Notes to the Accounts		21

		Notes	Unrestricted Funds 2022 (&)	Designated Funds 2022 (&)	Restricted Funds 2022 (&)	Endowment Fund 2022	Total 9months to 31 March 2022 E	Total 12months to 30June 2021 (&)
Statement of Financial		Activities
Income and Endowment		from:
Donations and legacies			16,606		1,250		17,856	10,205
Charitable Activities		3	11,056				11,056	24,058
Investment income		4	31,779		128		31,907	38,829
Total Income and Endowment			59,441		1,378		60,819	73,092
Expenditure on:
Raising Funds:		5	(5,857)		(27)	(738)	(6,622)	(8,374)
Charitable Activities:		6	(107,294)		(3,492)		(110,786)	(93,986)
Total Expenditure			(113,151)		(3,519)	(738)	(117,408)	(102,360)
Net gains/(losses) investments	on		28,356		128	3,573	32,057	103,391
Net income/ ex enditure			(25,354)		(2,013)	2,835	(24,532)	74,123
Net movement in	funds		(25,354)		(2,013)	2,835	(24,532)	74,123
Reconciliation of	Funds
Brought forward			1,125,786	1,326,000	41,969	148,041	2,641,796	2,567,673
Carried forward			1,100,432	1,326,000	39,956	150,876	2,617,264	2,641,796

31"March 202	2
								31 March	30June
							Notes	2022	2021
Fixed Assets:
Tangible assets							7	560	921
Heritage assets							8	1,326,000	1,326,000
Investments							9	1,235,270	1,209,834
Total Fixed Assets:								2,561,830	2,536,755
Current assets:
Stocks								13,736	21,326
Debtors							10	2,276	3,468
Cash at bank and	in	hand					11	97,499	117,325
Total Current assets:								113,511	142,119
Liabilities
Creditors: Amounts		falling due		within one		year	12	20,553	24,943
Total Liabilities								20,553	24,943
Net Current Assets								92,958	117,176
Net current asset	excluding			provision		for liabilities		92,958	117,176
Defined benefit pension scheme					liability		14	37,524	12,135
Total Net Assets								2,617,264	2,641,796
The Funds ofthe charity:
Restricted Funds							19	39,956	41,969
Endowment Fund							19	150,876	148,041
Unrestricted Funds							19	1,100,432	1,125,786
Designated Funds	(Nimrud		Ivories)				19	1,326,000	1,326,000
Total Funds ofthe		charity						2,617,264	2,641,796

	For	the period	e	nd	ed	31		March 202	2
										9 months	12months
										to 31	to 30
										March 2022	June 2021
									Notes
		Income
		Income							2,3	28,912	34,263
		Gains on investments								32,057	91,867
		Interest and investment			income					31,907	38,829
		Gross income	in	the	reporting		period			92,876	164,959
		Expenditure
		Expenditure								(117,047)	(100,946)
		Depreciation								(361)	(481)
		Total expenditure		in	the	reporting		period		(117,408)	(101,427)
		Tax payable
Net	(expenditure)	before tax for the	reporting			period				(24,532)	63,532

to the deficit)	with related	expens	es be	ing recogn	ised through the	profit and lo	ss account.
					Unrestricted	Restricted	Endowment		Total
					(&)	(&)	(&)
2.Income from	Donations	and Legacies
Donations					1,586	1,000		2,586	8,935
Gift	aid recoverable				20	250		270	195
Provision ofoffice facilities and rent				in kind	15,000			15,000	150
Provision ofstorage		facilities	in kind						925
Total Income from	Donations and	Legacies			16,606	1,250		17,856	10,205
					Unrestricted	Restricted	Endowment	Total 2022	Total 2021
					(&)	(&)	(&)		F
3.Income from	Charitable	Activities
Membership subscriptions					6,112			6,112	7,334
Publication sales and copyright fees					4,944			4,944	16,724
Total Income from	Charitable Activities				11,056			11,056	24,058
					Unrestricted	Restricted	Endowment	Total 2022	Total 2021
					(&)	(&)	(&)	E
4.Income from	Investments
Investment income					31,778	128		31,906	38,811
Bank interest					1			1	18
Total Income from	Investments				31,779	128		31,907	38,829
					Unrestricted	Restricted	Endowment	Total	Total 2021
					(&)	(&)	(&)
5.Expenditure	on Raising	Funds
Investment manager fees					5,857	27	738	6,622	8,374
Total Expenditure	on Raising Funds				5,857	27	738	6,622	8,374
									23

							Unrestricted (f)	Unrestricted (f)	Unrestricted (f)	Restricted (f)	Restricted (f)	Endowment (f)	Endowment (f)	Endowment (f)	Total	2022 (f)	Total 2021f
6.Expenditure on charitable	activities
Grants payable (note 6a)									(19)		(211)					(230)	10,819
Other charitable activity costs (note 6b)								107,313			3,703				111,016		83,167
Total Expenditure on charitable activities								107,294			3,492				110,786		93,986
								Unrestricted			Restricted		Endowment			Total	Total
										(f)		(f)			(f)
6a.Grants Payable
Grants Payable
Research, Travel and Conference Grants																	4.000
University Engagement Grants	(previously	Outreach			Grants)					250						250	999
Pilot Project Grants																	6,000
Visiting Scholars Grants												(211)				(211)	1,976
Returned Grants										(269)						(269)	(2,156)
Total Grants Payable										(19)		(211)				(230)	10,819
								Unrestricted (f)			Restricted (f)			Endowment (f)		Total 2022 f	Total 2021 f
Grants Payable - BISImade grants			to 1	individuals				in	the period		(6 individuals			in 2021)
Research, Travel and Conference grants
Troels Pank Arboll: Infecting the Ancient Mesopotamian
Cosmos																	4,000
Total Research, Travel and Conference		Grants															4,000
University and Museum Engagement Grants (previously							Outreach		Grants)
Liam Devlin										250						250
Ms Rand Abdul Jabbar: Every Survives	Act of Recognition			Alters		What											500
Dr Jon Taylor: Worldwide Wedges: Sharing Ancient Iraq			Knowledge			about											499
Total University and Museum (previously Outreach Grants)	Engagement		grants													250	999
Pilot Project grants
Caroline Sandes and Jaafar Jotheri: Documenting					the Tangible
Heritage of Religious Minorities,	Sabean-Mandaean,				Jewish		and										6,000
Christian in Diyala, Iraq
Total Pilot Project Grants																	6,000

Grants payable -Restricted funds
BISIwas unable to fund any visiting scholars	during 2021/22 due to the Covid 19	pandemic (during	2020/21 BISIfunded	2 scholars).
	Unrestricted	Restricted	Endowment	Total	Total
	(f)	(f)	(f)
Visitin Scholar rants
Dr Laith Hussein		(211)		(211)	1,300
Dr Ali Naji Attiyah					676
Total Visiting Scholar Grants		(211)		(211)	1,976

					Unrestricted (&)	Restricted (&)	Total 2022 f	Total 2021 6
b.Other Charitable Activit		Costs
Programme related costs
Visiting Scholars expenditure	(excluding		visiting scholar grants)			647	647
London activities and lecture	expenditure				2,288	764	3,052	180
BISIArchaeological Archives								1,667
PR, newsletter and website expenses					761		761	1,758
Total Programme related costs					3,049	1,411	4,460	3,605
Other direct costs
Printing annual report					1,139		1,139	711
Publication and journal costs					14,639	2,292	16,931	19,973
Total Other direct costs					15,778	2,292	18,070	20,684
Support costs allocated to	activities
London office salaries and contractor		costs			32,513		32,513	42,181
Pension costs					30,510		30,510	6,209
Office expenditure					4,793		4,793	4,524
Rent and service charges					15,000		15,000	150
Bank and credit card charges					861		861	877
Examination fee					3.856		3.856	3.923
Payroll costs					417		417	533
Council and other travel expenses					175		175
Depreciation					361		361	481
Total Support costs allocated to activities					88,486		88,486	58,878
Total other charitable activity costs					107,313	3,703	111,016	83,167
7.Fixed Assets
							Office Total
							Equipment
Cost								6
brought forward 1st July 2021							1,442 1,442
Additions
carried forward at 31 March 2022							1,442 1,442
Depreciation
brought forward 1st July 2021							521 521
Charge for the year							361 361
carried forward at 31 March 2022							882 882
NBV at 30June 2021							921 921
NBV at 31 March 2022							560 560
							Designated Funds
								F
8.Herita eAssets -	movements			in the period
brought forward 1 July 2021								1,326,000
Movements in the year
carried forward at 31 March 2022								1,326,000

9.Investments
Investments						31 March 2022		30	June 2021
Listed Investments					Cost	Market Value	Cost	Market Value
Endowment Fund
					124,958	137,681	122,076		134,846
Total Endowment		Funds			124,958	137,681	122,076		134,846
Restricted Funds
Bonham Carter Lecture Fund					2,353	2,592	2,298		2,539
Mallowan Fund					2,145	2,363	2,095		2,315
Total Restricted Funds					4,498	4,955	4,393		4,854
Unrestricted Funds
					991,493	1,092,634	968,793		1,070,134
Total Unrestricted		Funds			991,493	1,092,634	968,793		1,070,134
Total Investments						31 March 2022		30	June 2021
					Cost	Market Value	Cost	Market Value
					F	F	F		F
Total Endowment Fund					124,958	137,681	122,076		134,846
Total Restricted Funds					4,498	4,955	4,393		4,854
Total Unrestricted	Funds				991,493	1,092,634	968,793		1,070,134
Total					1,120,949	1,235,270	1,095,262		1,209,834
								2022	2021
								(&)	(&)
Movement in Investment			Assets
Brought forward at	1 July						1,174,158		1,102,235
Investment additions								103,267	159,666
Investment disposal		proceeds					(188,935)		(191,134)
Investment realised		and unrealised		gains/(losses)				32,057	103,391
Investments carried forward							1,120,547		1,174,158
Capital Account								114,723	35,676
Total carried forward							1,235,270		1,209,834
							31 March 2022		30June 2021
								E
10.Debtors
Trade Debtors									1,300
Prepayments								1,404	1,464
Publication Income		due						467	374
Tax Recoverable								405	330
Total Debtors								2,276	3,468
							31 March 2022		30June 2021
11.Cash at bank and in hand
Current Accounts and Cash								94,907	114,733
Deposit Accounts								2,592	2,592
Total Cash								97,499	117,325
									26

18.Comparative Year	Statement	of Financial A	ctivities
		Unrestricted	Funds 2021 (K)	Designated Funds 2021 E	Restricted Funds 2021 E	Endowment Fund 2021
Statement of Financial Activities
Income and Endowment	from:
Donations and legacies			2,096		8,109		10,205
Charitable Activities			24,058				24,058
Investment income			38,673		156		38,829
Total			64,827		8,265		73,092
Expenditure on:
Raising Funds:			(7,407)		(34)	(933)	(8,374)
Charitable Activities:			(81,003)		(12,983)		(93,986)
Total			(88,410)		(13,017)	(933)	(102,360)
Net gains/(losses) on investments			91,452		415	11,524	103,391
Net income/(expenditure)			67,869		(4,337)	10,591	74,123
Net movement in funds			67,869		(4,337)	10,591	74,123
Reconciliation ofFunds
Brought forward		1,057,917		1,326,000	46,306	137,450	2,567,673
Carried forward		1,125,786		1,326,000	41,969	148,041	2,641,796