**REGISTERED COMPANY NUMBER: CE004244 (England and Wales) REGISTERED CHARITY NUMBER: 1162982**
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
Ancient India & Iran Trust
Thornton Springer LLP Chartered Accountants
67 Westow Street London SE19 3RW
Ancient India & Iran Trust
Contents of the Financial Statements for the Year Ended 31 March 2024
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**|6|to|7|
|**Notes to the Financial Statements**|8|to|16|
|**Detailed Statement of Financial Activities**|17|to|18|
Ancient India & Iran Trust
for the Year Ended 31 March 2024
## Report of the Trustees
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The broad aims of the Trust are the advancement of knowledge of the Indo-Iranian languages and their history, and of the early cultures of the Indian and Iranian worlds particularly as represented by the pre-history, archaeology, art history and ancient history of the regions involved.
The Trustees’ policy has been guided by four main considerations:
a) The maintenance of a house to accommodate the library, initially consisting of the individual libraries of Sir Harold Bailey, of Professor J van Lohuizen and of the Doctors Allchin.
b) The house would also serve as the centre for the Trust’s administration and as the base for their wider cultural and educational aims (i.e. lectures, seminars, conferences and exhibitions etc.).
c) The creation of an endowment fund which would be used both to support the library and to further the wider aims of education and research, particularly by making grants for travel and research, and assisting publication.
d) The Trustees accept that for the time being their primary responsibility must be the establishment, care and maintenance of the library, and will remain so until the necessary funding is raised to guarantee its continuity and further development. During the year we continued to meet the objectives of the Trust.
## **Public benefit**
The Trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties. The public benefit of the Charity's activities are outlined under 'Objectives and Activities' and 'Achievements and Performance' within this report.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
## Income:
The Trust’s income is derived mainly from the following sources:
a. income from its investments which are held in an amalgamated fund (comprising a number of special funds);
b. income from special grants: from The Bestway Foundation to fund visiting fellows from Pakistan.
c. from gifts and covenants made by Friends of The Ancient India & Iran Trust.
d. rent from two flats in Brooklands House.
## Outgoings:
The Trust’s outgoings are primarily the payment of staff, the repair and maintenance of Brooklands House, the cataloguing and maintenance of the library, support for symposia and the award of small personal research grants. The staff comprise: a resident custodian for the house and library, a part-time administrator and a part-time library assistant.
The following on-going projects are being funded with money raised from outside sources: Conservation and preservation of manuscripts and rare books
## **Investment performance**
The value of the Charity's investment portfolio is £1,615,340 (2023 £1,541,973).
The Trust’s freehold property of Brooklands House, which was purchased specifically for Trust objectives by the Founding Trustees, is owned not as an investment, but as a tool for fulfilling the Trust’s objectives. The Trustees do not anticipate at the present time that it will be necessary to sell the property.
Page 1
Ancient India & Iran Trust
for the Year Ended 31 March 2024
## Report of the Trustees
## **ACHIEVEMENT AND PERFORMANCE**
## **FINANCIAL REVIEW**
## **Investment policy and objectives**
The Charity’s investment objective is to protect, in so far as is reasonable and with the avoidance of undue risk, the real value of the charity’s capital and income after allowance for inflation.
## **Reserves policy**
Over the medium term it is the Trustees’ intention to spend annual income while maintaining the real value of the General Fund, as represented by the four designated funds.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The Trust is regulated by the Charity Commissioners for England & Wales under the Trust Deed of 17 July 1978 and a Deed of Variation of 17 July 1994.
The Trust was converted to a Charitable Incorporated Organisation (CIO) on 31 October 2016.
## **Recruitment and appointment of new trustees**
New Trustees are usually known to and recommended by existing Trustees. Their selection will be based on their experience, qualifications and skills. Any training requirements if considered necessary will be identified at an early stage and relevant courses arranged.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
CE004244 (England and Wales)
## **Registered Charity number**
1162982
## **Registered office**
23 Brooklands Avenue Cambridge CB2 8BG
Page 2
Ancient India & Iran Trust
## Report of the Trustees
for the Year Ended 31 March 2024
## **Trustees**
Professor N Sims-Williams (Chair) Professor C Petrie (Hon Secretary) Professor S Lieu Professor J Lipner Professor A Hintze (Hon Treasurer) Professor C van Ruymbeke Mrs UMJ Sims-Williams (Hon librarian) Sir N Barrington Mr T R Blurton Professor J Cribb Dr P H B Baker
## **Independent Examiner**
Thornton Springer LLP Chartered Accountants 67 Westow Street London SE19 3RW 11 October 2024 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... Professor N Sims-Williams (Chair) - Trustee
Page 3
## **Independent Examiner's Report to the Trustees of Ancient India & Iran Trust**
## **Independent examiner's report to the trustees of Ancient India & Iran Trust ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
S B Ison FCCA
Thornton Springer LLP Chartered Accountants 67 Westow Street London SE19 3RW
Date: 15[th] October 2024
Page 4
Ancient India & Iran Trust
## Statement of Financial Activities
## for the Year Ended 31 March 2024
|Notes
**INCOME AND**
**ENDOWMENTS FROM**
Donations and legacies
Other trading activities
2
Investment income
3
**Total**
**EXPENDITURE ON**
**Raising funds**
Investment management costs
4
**Charitable activities**
Other
Brooklands House
**Total**
Net gains/(losses) on investments
**NET**
**INCOME/(EXPENDITURE)**
**RECONCILIATION OF**
**FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED**
**FORWARD**|Unrestricted
funds
£
**36,434**
**1,413**
**67,871**
**105,718**
**4,893**
**4,893**
**64,740**
**26,923**
**96,556**
**77,921**
**87,083**
**997,558**
**1,084,641**|Restricted
funds
£
**8,911**
**-**
**-**
**8,911**
**-**
**-**
**-**
**-**
**-**
**-**
**8,911**
**212,688**
**221,599**|Endowment
fund
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**2,373,625**
**2,373,625**|**31.3.24**
**Total**
**funds**
**£**
**45,345**
**1,413**
**67,871**
**114,629**
**4,893**
**4,893**
**64,740**
**26,923**
**96,556**
**77,921**
**95,994**
**3,583,871**
**3,679,865**|31.3.23
Total
funds
£
16,051
1,746
66,823
84,620
4,968
4,968
70,077
51,669
126,714
(118,859)
(160,953)
3,744,824
3,583,871|
|---|---|---|---|---|---|
The notes form part of these financial statements
Page 5
Ancient India & Iran Trust
## Balance Sheet
## 31 March 2024
|Notes
**FIXED ASSETS**
Tangible assets
8
Investments
9
**CURRENT ASSETS**
Debtors
10
Investments
11
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one
year
12
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
13
Unrestricted funds
Restricted funds
Endowment funds
**TOTAL FUNDS**|Unrestricted
funds
£
**6,836**
**974,068**
**980,904**
**16,668**
**46,047**
**43,560**
**106,275**
**(2,538)**
**103,737**
**1,084,641**
**1,084,641**|Restricted
funds
£
**-**
**221,599**
**221,599**
**-**
**-**
**-**
**-**
**-**
**-**
**221,599**
**221,599**|Endowment
fund
£
**2,000,000**
**373,625**
**2,373,625**
**-**
**-**
**-**
**-**
**-**
**-**
**2,373,625**
**2,373,625**|**31.3.24**
**Total**
**funds**
**£**
**2,006,836**
**1,569,292**
**3,576,128**
**16,668**
**46,047**
**43,560**
**106,275**
**(2,538)**
**103,737**
**3,679,865**
**3,679,865**
**1,084,641**
**221,599**
**2,373,625**
**3,679,865**|31.3.23
Total
funds
£
2,006,523
1,524,891
3,531,414
12,371
17,082
24,965
54,418
(1,961)
52,457
3,583,871
3,583,871
997,558
212,688
2,373,625
3,583,871|
|---|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 6
Ancient India & Iran Trust
## Balance Sheet - continued
31 March 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
11 October 2024 The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
Professor N Sims-Williams (Chair) - Trustee
............................................. Professor A Hintze (Hon Treasurer) - Trustee
The notes form part of these financial statements
Page 7
Ancient India & Iran Trust
Notes to the Financial Statements for the Year Ended 31 March 2024
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 8
Ancient India & Iran Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
|**2.**|**OTHER TRADING ACTIVITIES**|||
|---|---|---|---|
|||**31.3.24**|31.3.23|
|||**£**|£|
||Sale of books|**1,131**|1,746|
||Miscellaneous|**282**|-|
|||**1,413**|1,746|
|**3.**|**INVESTMENT INCOME**|||
|||**31.3.24**|31.3.23|
|||**£**|£|
||Rents received|**20,200**|19,200|
||Deposit account interest|**300**|179|
||Curr asset inv income|**47,371**|47,444|
|||**67,871**|66,823|
|**4.**|**INVESTMENT MANAGEMENT COSTS**|||
|||**31.3.24**|31.3.23|
|||**£**|£|
||Portfolio management|**4,893**|4,968|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **6. STAFF COSTS**
The average monthly number of employees during the year was as follows:
||**31.3.24**|31.3.23|
|---|---|---|
|Administrator|**1**|1|
|Librarian|**1**|1|
|Custodian|**1**|1|
||**3**|3|
No employees received emoluments in excess of £60,000.
continued...
Page 9
Ancient India & Iran Trust
## Notes to the Financial Statements - continued for the Year Ended 31 March 2024
|**7.**
**COMPARATIVES FOR THE STATEMENT OF**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
Investment income
**Total**
**EXPENDITURE ON**
**Raising funds**
Investment management costs
**Charitable activities**
Other
Brooklands House
**Total**
Net gains/(losses) on investments
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**FINANCIAL ACTIVITIES**
Unrestricted
Restricted
funds
funds
£
£
16,051
-
1,746
-
66,823
-
84,620
-
4,968
-
4,968
-
65,735
4,342
51,669
-
122,372
4,342
(118,859)
-
(156,611)
(4,342)
1,154,169
217,030
997,558
212,688|Endowment
fund
£
-
-
-
-
-
-
-
-
-
-
-
2,373,625
2,373,625|Total
funds
£
16,051
1,746
66,823
84,620
4,968
4,968
70,077
51,669
126,714
(118,859)
(160,953)
3,744,824
3,583,871|
|---|---|---|---|
continued...
Page 10
Ancient India & Iran Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## **8. TANGIBLE FIXED ASSETS**
|**COST**
At 1 April 2023
Additions
At 31 March 2024
**NET BOOK VALUE**
At 31 March 2024
At 31 March 2023
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1 April 2023
Additions
Disposals
Revaluations
At 31 March 2024
**NET BOOK VALUE**
At 31 March 2024
At 31 March 2023|Freehold
property
£
**2,000,000**
**-**
**2,000,000**
**2,000,000**
2,000,000|Improvements
to
property
£
**6,523**
**313**
**6,836**
**6,836**
6,523|Totals
£
**2,006,523**
**313**
**2,006,836**
**2,006,836**
2,006,523
Listed
investments
£
**1,524,891**
**403,197**
**(436,717)**
**77,921**
**1,569,292**
**1,569,292**
1,524,891|
|---|---|---|---|
## **9. FIXED ASSET INVESTMENTS**
There were no investment assets outside the UK.
Cost or valuation at 31 March 2024 is represented by:
|Valuation in 2024
Cost|**Listed**
**investments**
**£**
**197,534**
**1,371,758**
**1,569,292**|
|---|---|
continued...
Page 11
Ancient India & Iran Trust
## Notes to the Financial Statements - continued for the Year Ended 31 March 2024
|**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Investment income
Tax
**11.**
**CURRENT ASSET INVESTMENTS**
Cash at brokers
**12.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Social security and other taxes
Other creditors|**31.3.24**
**£**
**122**
**10,133**
**6,413**
**16,668**
**31.3.24**
**£**
**46,047**
**31.3.24**
**£**
**-**
**2,538**
**2,538**|31.3.23
£
269
8,594
3,508
12,371
31.3.23
£
17,082
31.3.23
£
(558)
2,519
1,961|
|---|---|---|
continued...
Page 12
Ancient India & Iran Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## **13. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
The Allchin S Asian Research & Travel
Fund
The Joan Van Lohuizen Memorial Fund
The Harold Bailey Fund for Iranian Studies
The Joan Van Lohuizen Bequest
**Restricted funds**
Charles Wallace India Fund
Conserve Zoroastrian manuscripts
Pakistani Visiting Fellowships
Kreitman Library Endowment
Kreitman Garden Fund
Bimaran Fund
BIPS Fund for Allchin Archive
Central Asian Research Fund
**Endowment funds**
Permanent Endowment
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**105,718**
The Allchin S Asian Research & Travel
Fund
**-**
**105,718**
**Restricted funds**
Conserve Zoroastrian manuscripts
**4,061**
Central Asian Research Fund
**4,850**
**8,911**
**TOTAL FUNDS**
**114,629**|At 1.4.23
£
**251,411**
**97,446**
**73,877**
**225,106**
**349,718**
**997,558**
**114**
**289**
**10,449**
**100,000**
**100,000**
**1,707**
**129**
**-**
**212,688**
**2,373,625**
**3,583,871**
Resources
expended
£
**(96,427)**
**(129)**
**(96,556)**
**-**
**-**
**-**
**(96,556)**||Net
movement
in funds
£
**87,212**
**(129)**
**-**
**-**
**-**
**87,083**
**-**
**4,061**
**-**
**-**
**-**
**-**
**-**
**4,850**
**8,911**
**-**
**95,994**
Gains and
losses
£
**77,921**
**-**
**77,921**
**-**
**-**
**-**
**77,921**|At
31.3.24
£
**338,623**
**97,317**
**73,877**
**225,106**
**349,718**
**1,084,641**
**114**
**4,350**
**10,449**
**100,000**
**100,000**
**1,707**
**129**
**4,850**
**221,599**
**2,373,625**
**3,679,865**
Movement
in funds
£
**87,212**
**(129)**
**87,083**
**4,061**
**4,850**
**8,911**
**95,994**|
|---|---|---|---|---|
||||||
||||||
||||||
||||||
continued...
Page 13
Ancient India & Iran Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## **13. MOVEMENT IN FUNDS - continued**
**Comparatives for movement in funds**
|At 1.4.22
£
**Unrestricted funds**
General fund
408,022
The Allchin S Asian Research & Travel
Fund
97,446
The Joan Van Lohuizen Memorial Fund
73,877
The Harold Bailey Fund for Iranian Studies
225,106
The Joan Van Lohuizen Bequest
349,718
1,154,169
**Restricted funds**
Charles Wallace India Fund
114
Conserve Zoroastrian manuscripts
289
Pakistani Visiting Fellowships
14,791
Kreitman Library Endowment
100,000
Kreitman Garden Fund
100,000
Bimaran Fund
1,707
BIPS Fund for Allchin Archive
129
217,030
**Endowment funds**
Permanent Endowment
2,373,625
**TOTAL FUNDS**
3,744,824
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
84,620
(122,372)
**Restricted funds**
Pakistani Visiting Fellowships
-
(4,342)
**TOTAL FUNDS**
84,620
(126,714)||Net
movement
in funds
£
(156,611)
-
-
-
-
(156,611)
-
-
(4,342)
-
-
-
-
(4,342)
-
(160,953)
Gains and
losses
£
(118,859)
-
(118,859)|At
31.3.23
£
251,411
97,446
73,877
225,106
349,718
997,558
114
289
10,449
100,000
100,000
1,707
129
212,688
2,373,625
3,583,871
Movement
in funds
£
(156,611)
(4,342)
(160,953)|
|---|---|---|---|
|||||
|||||
|||||
|||||
continued...
Page 14
Ancient India & Iran Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## **13. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
The Allchin S Asian Research & Travel
Fund
The Joan Van Lohuizen Memorial Fund
The Harold Bailey Fund for Iranian Studies
The Joan Van Lohuizen Bequest
**Restricted funds**
Charles Wallace India Fund
Conserve Zoroastrian manuscripts
Pakistani Visiting Fellowships
Kreitman Library Endowment
Kreitman Garden Fund
Bimaran Fund
BIPS Fund for Allchin Archive
Central Asian Research Fund
**Endowment funds**
Permanent Endowment
**TOTAL FUNDS**|At 1.4.22
£
408,022
97,446
73,877
225,106
349,718
1,154,169
114
289
14,791
100,000
100,000
1,707
129
-
217,030
2,373,625
3,744,824|Net
movement
in funds
£
(69,399)
(129)
-
-
-
(69,528)
-
4,061
(4,342)
-
-
-
-
4,850
4,569
-
(64,959)|At
31.3.24
£
338,623
97,317
73,877
225,106
349,718|
|---|---|---|---|
||||1,084,641
114
4,350
10,449
100,000
100,000
1,707
129
4,850|
||||221,599
2,373,625|
||||3,679,865|
continued...
Page 15
Ancient India & Iran Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## **13. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
The Allchin S Asian Research & Travel
Fund
**Restricted funds**
Conserve Zoroastrian manuscripts
Pakistani Visiting Fellowships
Central Asian Research Fund
**TOTAL FUNDS**|Incoming
resources
£
190,338
-
190,338
4,061
-
4,850
8,911
199,249|Resources
expended
£
(218,799)
(129)
(218,928)
-
(4,342)
-
(4,342)
(223,270)|Gains and
Movement
losses
in funds
£
£
(40,938)
(69,399)
-
(129)
(40,938)
(69,528)
-
4,061
-
(4,342)
-
4,850
-
4,569
(40,938)
(64,959)|
|---|---|---|---|
## **14. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
Page 16
Ancient India & Iran Trust
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
|Detailed Statement of Financial Activities
for the Year Ended 31 March 2024|||
|---|---|---|
||31.3.24|31.3.23|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|**45,345**|16,051|
|**Other trading activities**|||
|Sale of books|**1,131**|1,746|
|Miscellaneous|**282**|-|
||**1,413**|1,746|
|**Investment income**|||
|Rents received|**20,200**|19,200|
|Deposit account interest|**300**|179|
|Curr asset inv income|**47,371**|47,444|
||**67,871**|66,823|
|**Total incoming resources**|**114,629**|84,620|
|**EXPENDITURE**|||
|**Investment management costs**|||
|Portfolio management|**4,893**|4,968|
|**Charitable activities**|||
|Lectures|**1,463**|1,248|
|Book purchases|**742**|578|
|Symposia|**220**|242|
|Library expenses|**1,890**|1,537|
|Grants to individuals|**966**|10,287|
||**5,281**|13,892|
|**Support costs**|||
|**Management**|||
|Wages|**45,134**|43,166|
|Pensions|**886**|833|
|Insurance|**2,544**|2,575|
|Telephone|**2,459**|2,693|
|Postage and stationery|**2,384**|1,792|
|Sundries|**1,161**|1,010|
|Computer expenses|**2,228**|1,510|
|Brooklands House maintenance|**26,923**|51,669|
||**83,719**|105,248|
This page does not form part of the statutory financial statements
Page 17
Ancient India & Iran Trust
|Detailed Statement of Financial Activities|||
|---|---|---|
|for the Year Ended 31 March 2024|||
||31.3.24|31.3.23|
||£|£|
|**Management**|||
|**Finance**|||
|Bank charges|**63**|86|
|**Governance costs**|||
|Accountancy fees|**2,600**|2,520|
|Total resources expended|**96,556**|126,714|
|**Net income/(expenditure) before gains and**|||
|**losses**|**18,073**|(42,094)|
|**Realised recognised gains and losses**|||
|Realised gains/(losses) on fixed asset investments|**21,657**|51,575|
|**Net income**|**39,730**|9,481|
This page does not form part of the statutory financial statements
Page 18