2021-12-31-accounts

Reports	Reports	Reports
Reference and administrative			information	1
Trustees'	report
Independent auditor's		report
Financial	Statements
Statement	offinancial	activities		14
Balance sheet				15
Statement	ofcash flows			16
Principal	accounting	policies		17
Notes to	the financial	statements		20

		Trustees	Professor Paul Cartledge	Professor Paul Cartledge	Professor Paul Cartledge
			Professor Timothy		Cornell
			Dr Philip Kay
			Mr Peter Lennon
			Professor Roland	Mayer
			Dr Margaret Mountford
	Company	Secretary	Dr Fiona Haarer
	Principal office		Senate House
			Malet Street
			London
			WC1E 7HU
Company	registration	number	09212403
Charity	registration	number	1163798
		Auditor	Buzzacott LLP
			130Wood Street
			London
			EC2V 6DL
		Bankers	NatWest Bank pic
			Bloomsbury, Parr's		Branch
			PO Box158
			214 High Holborn
			London
			WC1V 7BX
	Investment	managers	Newton Investment		Management	Limited
			BNY Mellon Centre, 160Queen			Victoria
			Street
			London
			EC4V 4LA

					Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
					funds	funds	2021	funds	funds
				Notes	f
income from:
Donations				1	63,421		63,421	49,015	30,398	79,413
Charitable activities				2	276,651		276,651	251,160		251,160
Investment income					16,972		16,972	13,911		13,911
Total income					357,044		357,044	314,086	30,398	344,484
Expenditure on:
Raising funds				3	8,797		8,797	9,841		9,841
Charitable activities				4	308,323	28,120	336,443	276,062	22,278	298,340
Total expenditure					317,119	28,120	345,239	285,903	22,278	308,181
Net income (expenditure) transfers			before		39,925	(28,120)	11,805	28,183	8,120	36,303
Transfers between	funds				10,335	(10,335)
Net income (expenditure) investment gains (losses)			before	5	50,260	(38,455)	11,805	28,183	8,120	36,303
Net gains (losses)	on investments			8	99,307		99,307	(3,396)		(3,396)
Net income (expenditure) movement in funds			and		149,567	(38,455)	111,112	24,787	8,120	32,907
Reconciliation of	funds:
Total funds brought		forward		12	769,178	38,455	807,633	744,391	30,335	774,726
Total funds carried		forward		12	918,745		918,745	769,178	38,455	807,633

				2021	2021	2020	2020
			Notes				E
Fixed assets
Investments					721,881		622,574
Current assets
Debtors			9	33,070		36,251
Cash at bank and	in	hand		282,963		252,420
					316,033		288,671
Creditors: amounts		falling due
within one year			10	(119,169)		(103,612)
Net current assets					196,864		185,059
Total net assets					918,745		807,633
The funds ofthe	charity:
Unrestricted funds					918,745		769,178
Restricted fund			11				38,455
			12		918,745		807,633

				2021	2020
			Notes
Cash flows from operating	activities:
Net cash provided by operating		activities	A	30,543	49,552
Cash flows from investing	activities:
Purchase ofinvestments					(2,079)
Net cash used in investing	activities				(2,079)
Net increase in cash and cash		equivalents		30,543	47,473
Cash and cash equivalents	at	1 January	B	252,420	204,947
Cash and cash equivalents	at	31 December	B	282,963	252,420

A	Reconciliation of	Reconciliation of	net movement	net movement	in funds to net cash provided	by operating	activities
						2021	2020
							F
	Net income for the year					111,112	32,907
	Adjustments for:
	Net (gain)	loss on investments				(99,307)	3,396
	Decrease	(increase)	in debtors			3,181	(20,130)
	increase	in creditors				15,557	33,379
	Net cash	provided	by operating	activities		30,543	49,552

Anal	ysis ofchanges in cash and cash eq	uivalents
		2020	Cash flows	2021
Cash	at bank and in hand	252,420	30,543	282,963
Total	cash and cash equivalents	252,420	30,543	282,963

Donations
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds	2021	funds	funds	2020
			F	E	E	E
Donations	39,091		39,091	42,356		42,356
Gift aid on donations	9,330		9,330	6,659		6,659
Grants	15,000		15,000		30,398	30,398
	63,421		63,421	49,015	30,398	79,413

Income from charitable	activities
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds E	2021 f	funds	funds	2020 F
Fees charged to Roman and Hellenic Societies	273,855		273,855	249,180		249,180
Fines	44		44	384		384
Photocopying	122		122	132		132
Scanning	434		434	185		185
Postage	2,196		2,196	1,279		1,279
	276,651		276,651	251,160		251,160

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds	2021	funds	funds	2020
			F	E		f.	F
Fundraising	expenses	823		823	1,261		1,261
Personnel	costs (note 6)	7,974		7,974	8,580		8,580
		8,797		8,797	9,841		9,841

Expenditure on charit	able activities
		Unrestricted	Restricted	Total	Total
		fundsf	funds	2021 E	2020
Direct
Librarian charges		255,730		255,730	226,997
Service charge		21,561		21,561	21,117
Leventis scanner operator			28,120	28,120	22,278
Support Personnel costs (note 6)		7,974		7,974	8,580
Printing and stationery		60		60	162
Postage Bank charges		3,682 591		3,682 591	1,660 557
Other expenses		35		35	42
Bookkeeping (SPHS) Bookkeeping (SPRS)		3,425 3,708		3,425 3,708	2,378 4,735
Governance:
.Auditor's remuneration	(note 5)	6,205		6,205	7,005
. Bookkeeping (note 6)		5,352		5,352	2,829
		308,323	28,120	336443	298 340

Net inco	me before investme	nt gains (losses)
			Total	Total
			2021	2020
This is stated after charging:
Auditor's	remuneration
. Current .Taxation	year services		6,005 200	5,805 1,200

Staff costs and remuneration of key management pe	rsonnel
	Total	Total
	2021	2020
The total staff costs were as follows:
Salaries	17,303	15,696
Social security costs Pension contributions	1,465 2,532	1,578 2,715
	21,300	19,989

2021	2020
No.	No.

				Total	Total
				2021	2020
				E
HARL	staff costs (recharged		from Roman Society)	15,948	17,160
HARL	bookkeeping	costs		5,352	2,829
				21,300	19,989

Investments
			2021	2020
			E	E
The movement ofinvestments	is represented	by:
Market value at 1 January			622,574	623,891
Additions				2,079
Total unrealised investment gains (losses)			99,307	(3,396)
Market value at 31 December			721,881	622,574
Market value at 31 December	is represented	by:
BNY MFM Ltd Newton Growth	Inc. Fund		721,881	622,574
Historical cost at 31 December			557,842	557,842

revaluation of	the cha	rity's l	isted	inv	estments. Movements during	the year were as follows:
						2021	2020
							F
Reconciliation	ofmovements		in unrealised gains:
Total unrealised	losses at 1 January					64,732	68,128
Add: (losses) gains arising on			revaluations in the year			99,307	(3,396)
Total unrealised	gains	at 31 December				164,039	64,732
Debtors
						Total	Total
						2021	2020
							E
Due from the Society for the Promotion					of Roman Studies		26,864
Prepayments and accrued income						33,070	9,387
						33,070	36,251
Creditors: amounts		falling	due	within one year
						Total	Total
						2021	2020
							F
Trade creditors							50,453
Tax and social	security	creditor				13,534	13,582
Due to the Society for the Promotion				of	Hellenic Studies	29,450	22,066
Due to the Society for the Promotion				of	Roman Studies	33,942
Accruals						42,243	17,511
						119,169	103,612

Restrict	ed funds
								Balance
				Balance at				at 31
				1 January				December
				2021	Income	Expenditure	Transfers	2021
					E			E
Classical	Association	Fund		15,903			(15,903)
Leventis	Scanner Operator		Fund	22,552		(28,120)	5,568
				38,455		(28,120)	(10,335)
								Balance
				Balance at				at 31
				1 January				December
				2020 f.	Income F	Expenditure f.	Transfers F	2020f
Classical	Association	Fund		15,903				15,903
Leventis	Scanner Operator		Fund	14,432	30,398	(22,278)		22,552
				30,335	30,398	(22,278)		38,455

12	Analysis of net assets	between funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds	2021	funds	funds	2020
				E	f.
	Fixed asset investments	721,881		721,881	622,574		622,574
	Current assets	316,033		316,033	250,216	38,455	288,671
	Current liabilities	(119,169)		(119,169)	(103,612)		(103,612)
	Net assets
	at 31 December	918,745		918,745	769,178	38,455	807,633