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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|
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|||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|
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|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|
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||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|
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|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|
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||||||||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
(&)|Endowment
(&)|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|
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|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|
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|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|