RESPONSE RECOVERY
RESILIENCE
ANNUAL REPORT AND FINANCIAL STATEMENTS
6cR 2020
RESPONSE RECOVERY RESILIENCE
Co)
RIBA
Architecture.com

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Section One
A Strong Profession
We will help our members engage with
the challenges and opportunities of a
changing world, lead and support the
higNest professional and ethical standards
and facilitate collaboration, research
amd inmovation. We will ensure tNat our
profession thrives by attracting the best
and most diverse talent with access to
the education knowledge and skills
to succeed.
ft19Akn￿ ReFKYt atKI St*tEnts2020

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Section Three
A Strong
Organisation
We will grow our membership base and
ensure that our business model supports
our vision, purpose and strategy We will do
this by engaging talented and committed
staff, enhancing the value of our offer to
members and others, generating diverse
and sustainable sources of Income and
striving for operational exceLlence.
R1@Akn￿L ReFXrt atKJ S¢6tst*td52020

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Section Four
linanciaL
Review
The purpose of this financial review
is to assist readers with interpretin9
the Financial Statements presented
later (see pages 38 to 65), the
format of which Is as specified
by the accounting Statement of
Recommended Practice ("SORP")
used by Charities. To supplement
this, the information presented
below In bold are headings used
in the Consolidated Statement of
Financial Activities (the "SOFA")
shown on page 58
25 RIBA AnTwI Rep(xt SweTnEtts 2020










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|For the year ende|d|31|D|ecember 2020|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||0|wt aed|Re!t tteda<br>d|Soao|arnot cad|eeet cadeau|Sole|
||||||||iud|edomdiv<br>di|real|lv di|e dwadruna|voi el|
||||||Note||t'000|c'000|sttaa|etMO|t'000|rstoo|
|Income from:|||||||||||||
|Donations<br>and legacws|||||||1,236|474|1,710|120|309|429|
|Charnable<br>acrivnies|||||||||||||
|Membership|subscnptions||||||8,6S9||8,689|8,907||8,907|
|Voice|||||||377|365|742|905|553|1,458|
|Organisation|||||||1||1|39||39|
|Pro/ession|||||||4,971|4|4,975|5805|2|Br807|
|Other trading<br>activities|||||2||4440||4,340|8,460||8,460|
|Investments|||||||421|160|581|350|160|510|
|Total income|||||||20,035|1/XI3|21,038|24586|1,024|25,610|
|Expenditure<br>an:|||||||||||||
|Raising funds|||||||4,657|||||6/349|
|Chantable<br>activities|||||||||||||
|Voice|||||||5,924|316|6,240|6281|282|6463|
|Organisation|||||||6,711||6,711|6,346||6,346|
|Profession|||||||10,550|31I3|10,860|1C831|284|11,115|
|Pensmn<br>finance costs|||||||346||346|211||211|
|Total expenditure|on ordirwry eatttdties||||4||28188|626|28,814|30318|566|30/I84|
|Net(~)/'etaoma<br>on~||||befiaa nat~laseae)|||(8,153)|377|(7,776)|(5,732)|458|(5,274)|
|Movement<br>on eweslment||||in assoaate|15||3,823||3,823|6253||6453|
|Net gains/(losses)||an investments|||16||335|153|488|120|391|511|
|Net (twpendlture)/Income||||before other recognised gains|||||||||
|and losses|||||5||(3.995)|530|(3,465)|641|S49|1,490|
|Actuarial<br>gains/(losses)|||on defined benefit pension sdtemes||||||||||
||||||26||346||346|211||211|
|Net movement<br>tn|funds||||||(3649)|530|(3,119)|852|849|1,701|
|Recondllatlon<br>of|funds:||||||||||||
|Total funds brought||forward||||352,320||6235|358,555|351,468|5,386|356454|
|Total funds carried||farward||||348,671||6,765|355,436|35~20|6,235|358t555|





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|As at 31December||2020|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||The enwe||n adtr|
||||||||2D2D|an9|2020|2D19|
|||||||Nine|E'ODD|E'000|S'000|E'000|
|Fixed assets:|||||||||||
|Intangible assets||||||10|1|1|||
|Tangible assets||||||11|28,878|29004|28,878|29,004|
|Hentage assets||||||12|265,267|265,116|265,267|265,116|
|Investments<br>in subsidiary||||undertakings||13|||1|1|
|Invesrmenrs<br>in associate||||||15|40,851|37028|4Q851|37028|
|In vs sr menrs<br>—other||||||16|19,454|17220|19,454|17,220|
||||||||354,451|348369|354,451|348,369|
|Current<br>as sets i|||||||||||
|Stocks||||||17|1604|1,483|||
|Debtors||||||18|3,456|4,054|5,391|61707|
|Cash at bank and|in hand||||||3,410|12,822|2,489|Q304|
||||||||8,470|1((359|7880|1fit011|
|Liabilities..|||||||||||
|Creditors. amounts||falbng||due|vnthin one year|19|(61598)|(7302)|(5,404)|(51490)|
|Net current assets|||||||1,872|11,157|2,476|1Q521|
|Total assets less currant|||liabilities||||3561323|359,526|356,927|358,890|
|Crednors: amounis||falling||due|after one year|20|(887)|(971l|(887)|(971)|
|Net assets excluding||pension|||liability||355,436|358555|356,040|357919|
|Defined<br>benefit pension scheme asset||||||26|||||
|Net assets||||||21|355,436|356555|356,040|357919|
|Fundx:|||||||||||
|Rest ncred income|funds|||||22|2,713|2,336|2,713|2,336|
|Endowment<br>funds||||||22|4,052|3,899|4,052|3r899|
|Llnrestncted<br>income||funds:||||23|||||
|Revaluation<br>reserves|||||||6,574|6,639|6,574|f(639|
|Hernage Assets||reserves|||||264,692|264,582|264,692|264,582|
|Inveslment<br>in|assoaated||||company||40,851|37028|4Q851|37028|
|Fixed assets reserve|||||||152132|15,680|15,232|15,680|
|Irwestment<br>for||growth||fund||||13,567||13,567|
|Two-year deocir rover|||||||13,354|9,374|13v354|9374|
|General funds|||||||7,968|5,450|8,572|4,814|
|Total unrestreted|Funds||||||348,671|352420|349,275|351,684|
|Total charity<br>Funds|||||||355,436|35f(555|356,040|357919|





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||||||||||||||2019|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||N etc|S'000||||2 coo|CQOO|
|Cash it owe fram ap crating|||activities|||||||||||
|Het cash||provkled<br>by operating||activities|||||(10,393)||||(1Q323)|
|Cash flows fram investing|||activities:|||||||||||
|Dividends,||interest and rents from investments||||||681||||510||
|Loan notes interesr||||||||3A123||||3,497||
|Purchase||Of fixed assets||||||(1,636)||||(2,101)||
|Acquisition||of Heritage Assets||||||(41)||||(74)||
|Purchase||of investments||||||(1,746)|||(12,596)|||
|Het cash|used in Investing||activities||||||981||||(10,764)|
|Change in cash and cash equivalents|||||in the|year|||(9,412)||||(21,087)|
|Cash and||cash equivalents|at rhe beginning|||of rhe year|||12,822||||33,909|
|Cash and||cash equivalents|at|the end|ofthe year||||3,410||||12,622|
|Analysis|ofcarh end ctwh||equivalents||and of net debt|||||||||
|||||||||Artace y||0th;|r|-neth|Aiat Oar nee|
|||||||||2020||||eiliinaet|2020|
|||||||||S'000||||2coo|CQOO|
|Cash at bank and<br>in hand||||||||12,822|(9,412)||||3,41D|
|Total||||||||12,822|(9,412)||||3,410|





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|e) Tangfb(e fixed assets||||
|---|---|---|---|
|Depreciation<br>is prowded|on|a straight<br>line basis at an annual||
|rate calculated to wnte dawn each asset (wheh are caprtalised|||if|
|the cost exceeds E500)|ta|its residual value ever the term ofits||
|expected vsefvl life The|rates in vse are as Follows.|||
|Long leasehold<br>buildings||2% per annum||
|Short leasehold<br>bvildings||over the remaining<br>penod of||
|||the lease||
|Property<br>improvements||33%%d —20'%%dperannum||
|Motor vehicles||20'%%d —25%pera nnvm||
|Office equipment||10n%%d —25'%%dperannum||
|Camputer<br>eqvipment||20'%%d —33'5pera nnvm||
|Website||10a%%d per annum||
|Website software||33<br>%%d per annum||



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|||||||||tier an ed||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||r inner|Eaeenei<br>ie|PneWttaeet|||ee nine||Leal uei||
|2020|||caco|||||E'ooa|r:a an|||
|Company||||||||||||
|RIBA1834Ltd|||18,579|19,820|(1,241)|||(604)|4,138||4,741|
|RIBA Finanaal|ServicasLtd||331|189||142|||461||461|
|||||||||acier ed||||
||||r rieear|Eepenasure|Pne V(tenet|||xiIIlI age||Le|bit leer|
|2019|||coco|||||coop|Eoao|||
|Company||||||||||||
|RIBA1834Ltd|||21,538|20,901||637||637|7,017|6i379||
|RIBA Finanaal|ServicasLtd||389|232||157|||381||381|
|Included above|are intra-group||sales of F12,508k (2019:612,666k) induded||as|turnaver|and|F14455k (2019 613328k) included as||||
|costs. The parent chanty's||gross|income and the results for the year are disclosed|||in note|14|||||





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||||Cbanrable|Cbanrable|rcsu rres||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Cou ofmace<br>fu 6|ub ce|0 as|sero|P otecscn|f|I|Pe so<br> cecostc|s ce<br>cosrs|Sieur|roars|2020<br>Toter|20I'9<br>Toiel|
|||'EtxM|r.000||POOO|elxlo|||r.000|POOO||E'000|9'000|POOO|
|Staff costs||1,724|2,031||2,169|3,060||||292||6,063|15,339|14,127|
|Other||2,933|892||785|2,324|||346|512||3,921|11,713|15064|
|De preaason|||30|||||||||1732|1,762|1,693|
|||4,657|2,953||2,954|6384|||346|804||11,716|28,814|30,884|
|Support costs|||3,076||3,516|5,124|||||(11,716)||||
|Governance|costs||211||241|352||||(804)|||||
|Total expenditure 2020||4,667|6,240||6,711|10,860|||346||||28,814||
|Total expenditure 2019|||6,563||6346|11,115|||211|||||3r0884|



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||||Cba|Iableanistm||||||
|---|---|---|---|---|---|---|---|---|---|
|||Cral ofmac9||||Pens on|Go ernence||20is|
|||bards|Voice|Orperrsaasn|Profassan|Snuce cosa|cost\|Support casts|Total|
|||eeoc|0000|coco|e000|OOOO|0000|COOO|COCO|
|Staff costs||1,683|1,881|2,099|2,795||189|5,480|14,127|
|Other||4,966|1512|403|31204|211|404|4,364|15,D64|
|De prec i ation|||20|||||1,673|1,693|
||||3,413|2,502|5,999|211|593|11,517|30r884|
|Support costs|||2,996|3,656|4,865|||(11,5T7)||
|Governance|costs||154|188|251||(593)|||
|Total expenditure 2019||6,649|6,563|Ut346|11,115|211|||30')84|





|||||aaao|20ia|
|---|---|---|---|---|---|
|||||soon|oooo|
|Dapreoation||||1,762|t,693|
|Operating|lease rentals.|||||
|Properly||||617||
|Other||||||
|Auditors'|remuneration|(axduding|VAT)|||
|Audn||||67|38|
|Other|services|||3|2|





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||||||2DBD|2aia|
|---|---|---|---|---|---|---|
||||||DDDD|E.'OOD|
|Salanes and wages|||||12,831|11,934|
|Redundancy|and tennnattan||costs||408|62|
|Social security costs|||||1,307|1,236|
|Employer's|aontnbution|to defined contnbution||pension schemes|993|895|
||||||15,339|14,127|



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|||||||||||aeaa|aeaa|20ia|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Na.|en.|
|RIBA Group|||||||||||||
|Raising funds (RIBA1834 Limited L RIBA Financial Services Limited)|||||||||||41|39|
|Voice||||||||||55||61|
|Organisation||||||||||48||43|
|ProFession||||||||||65||63|
|Governance|||||||||||5|3|
|Svpporr costs||||||||||104||108|
|Total||||||||||318||3CI9|
|The nvmber<br>ofemployees|ofthe RIBAand its subedianes||whose emoluments|(exdvding||employers|nanonal||insurance)||fell in the following||
|bands were as fofiaws:|||||||||||||
|E60,000 —669,999|||||||||||10|14|
|970,000 - F79,999|||||||||||7|3|
|280,000 - F89,999|||||||||||5|6|
|690,000 —699,999|||||||||||1|1|
|EfOQOOO<br>-6109,999|||||||||||4|3|
|B12QOOO - f129,999|||||||||||1||
|BTJQOOO - 9139,999||||||||||||1|
|616QCIOO - 6169,999|||||||||||2|1|
|E17QQOO - 2179,999|||||||||||||
|2280,000<br>2289,999|||||||||||1||
|8290000 —2299,999||||||||||||1|
|LJOQOOO<br>- E30%999|||||||||||1||
|The emoluments<br>far the ernplcyee||in the E30QOOO to 2309,999bracket includes 230,000 renumeration||||||for sennng|||on the Williams|TDPCD|
|Ltd. board, with<br>tOOTB of these costs being reimbursed<br>to|||the RIBA.&47600|was paid|m|2019,with|&3QOOO||relating|to|2019and &17500||
|backdared<br>for 2018(rhe employee||was in the F29QOOO|to E29ctggg band|in 2019)|||||||||





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|Ca|fir as tv|tsiii|
|---|---|---|
||r.'ooa|c'ooo|



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|Cost|Cost|
|---|---|
|As at I January 2020||
|Disposal|in year|
|As at 31|December 2020|



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|A mort isation:|
|---|
|As at I Janvary 2020|
|Eliminated<br>on dispasai|
|As at 31December 2020|





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|11. Tangible hxed assets<br>The grovp 6the charity|||||
|---|---|---|---|---|
|||price ant|||
|||Camar ter|Malar||
||a apemxa|aqua<br>au|wn aiai|rater|
||E'ooo|E'IXO|coop|s'ooo|
|Cost|||||
|At the starrof the year|35,943|8r610|65|44,618|
|Additions<br>in year|323|1,301|12|1,636|
|At the end of the year|36,266|9,911|77|48r264|
|Depreciation|||||
|At the start of the year|10,410|5,139||15,614|
|Charge for the year|978|784||1,762|
|At the end af the year|1L388|5,923|65|17,376|
|feet book valve|||||
|Ai the end of the year|24,8/8|3r988|12|28,878|
|At the start ofthe year|25,533|3,471|||





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|Heritage a|ssets at valuation||||||
|---|---|---|---|---|---|---|
|||Drawng ard|Beaks aar|||Total|
|||corrocrvo|pa ocr calx|Prxaog opha|Dtha|2020|
|||2'DDO|eooo|CODD|rti0o|S'000|
|As at 1January||201,983|17,808|4CI,003|5,322|265,116|
|Additions|—purchases|10|31|||41|
|Additions|—donations|108||||110|
|As ai 31December||202,101|17839|40,005|5,322|265,267|
|Five year summary|||||||
|||Yorar 2D2D|Yrnol 201S|Yrxar zlie|coral 20ip|coral 20ie|
||||O'COO|c.ocr o|C:OOD|2'ODD|
|As at<br>'I Jenvery||265,116|264,983|264277|263,796|263665|
|Additions|—purchases|41|74|37|78|22|
|Additions|—donations|110|59|669|4CI3|109|
|Revaluation|||||||
|As ai 31December||265,267|265,116|264,983|264277|263,796|



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|si|oacwaav|S1accc<br>trc|
|---|---|---|
||2020|2O19|
||ROOO|t.'ooo|



|Investmants<br>in group campenies:|Investmants<br>in group campenies:|
|---|---|
|Ordinary|shares|
|RIBA|1834l.imnad|
|RIBA|Finanaal Services Limited|



|ar De|cember 2020||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Name||Company|Number|Principal|activities||||||
|RIBA|1834Ltd|4604934||Vanuas,|RIBA Competitions||and RIBA|publishing.|||
|RI6A|Finanaal Serv oes Ltd|4604947||provision|of middleware|for|customers|to access pension|solutions|and other services.|





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|The p|arent chanty's gross income and rhe results for the year are di|sclosed as follows||
|---|---|---|---|
|||2D20|2D19|
|||E'OOD|E'ODD|
|Gross|income|20,626|23,732|
|Result|for the year|(2,020)|907|



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|202D|2D19|
|---|---|
|E'000|2'ODD|
|40,851|37028|



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|16<br>Liste|d investments||||||
|---|---|---|---|---|---|---|
|||||The gre<br>up||Tha oharliy|
||||2020|2019||2D19|
||||Egtoo|yooo||E'DCO|
|Fair value|at the start of the|year|17,220|4,113|17,220|4,113|
|Addeons|at cost||1,746|12496|1,746|12,596|
|Disposal proceeds|||||||
|Net gain / floss) on change||in fair valve|488|511|488|611|
|Fair value|at the end of the|year|19,454|1722CI|19,454|17220|
|Invesrmenrs<br>compnse:|||||||
|||||The gre<br>up||The oherliy|
||||2020|2019|2020|2019|
||||2'000|E.'OOD|E'DOO|E'DCO|
|Llnitised funds|||19,452|17218|19,452|17218|
|Cash|||||||
||||19,454|17,220|19,454|17220|



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||The group|The oharliy|
|---|---|---|
|2020|2019|2019|
|Egtoo|EOOD|E'DCO|
|1,604|1,483||





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|18. Debtors|||||||
|---|---|---|---|---|---|---|
|||||The grwp||The clwap|
|||||2Di9|2020|20i9|
|||||E'DDD|Etteo|E'000|
|Trade debtors|||1,416|1,688|648|512|
|Prepaymenrs|and acrrued income||1,964|1,828|1,505|1,447|
|Orher debrors|||76|538|7|438|
|Due from subsidiary||undenakings|||3t231|4,310|
||||3,456|4,054|Bt391|6,707|



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|19. Creditor|s: a|moun|ts<br>falling due within one year|||||
|---|---|---|---|---|---|---|---|
||||||The group||The chariir|
||||||2DT9|2020|2oi9|
|||||Uooo|E'DDO|ESTM|EOOD|
|Trade creditors||||1,D23|1,432|1,D15|1,424|
|Corporation|tax||||151|||
|Taxation and|senal secunty|||594|346|211||
|Other creditors||||207|292|56|62|
|Accruals and|deferred||income|4,774|4,981|3,788|3,635|
|Due to subsidiary||undertakings||||334|369|
|||||6,598|7,202|5,404|5,490|



|Deferred|inrome|is pnmerily|comprised<br>of membership<br>fees p|aid<br>in advance:||||
|---|---|---|---|---|---|---|---|
||||||The group||Thecsurer|
|||||2020|20i9|2020|20i9|
|||||E'ODO|E'DDO|Eut06|r.0 cia|
|Balance|ar the beginning<br>of||the year|2,207|2,901|2,028|2,697|
|Amount|released|to income|in the year|(2,072)|(2,840)|(1,926)|(2,643)|
|Amount|deferred|in the year||1,524|2,146|1,296|1,974|
|Balance|at rhe end ofthe ycxhr|||1,659|2,207|1398|2,028|



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|||Tha|group||The|charity|
|---|---|---|---|---|---|---|
||2020||2D19|||2019|
||E'000||E000|||E'DIXI|
|Acr.rusts|887||971|887||971|
||||971|887||971|





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||||General|Restroted|Erdo|menr|Tatel|
|---|---|---|---|---|---|---|---|
||||unresirittsd|ands||funds|furua|
||||E'DIXI|||E'000||
|Intangible|lixed assets||1||||1|
|Tangible<br>fixed assets|||28,628|250|||28,878|
|Hentage assets|||265,267||||265267|
|Invesrmenrs|||14,887|515|4,052||19,454|
|Investments|in associated company||40851||||40,851|
|Net current|Iiabi4ties||(76)|1,948|||1,872|
|Long term|babihbes||(887)||||(887)|
|Defined<br>benefit pension||liability||||||
|Net assets|at the end of|the year|348671|2,713|4,052||355,436|



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||||General|tusttxted|Endowment|Total|
|---|---|---|---|---|---|---|
||||VIlrsslllttsd|funds|funds|funds|
||||0000||rooo|C'ODO|
|Intangible<br>fixed assets|||1|||1|
|Tangible<br>fixed assets|||281724|280||2@004|
|Hentage assets|||265,116|||265,116|
|Investments|||12,784|537||17,22D|
|Invesrmenrs|in associared company||37028|||37,028|
|Net curreni|assets||9638|1,519||11,157|
|Long term|Iiabi4ties||(971)|||(971)|
|Delined<br>benefit pension||liability|||||
|Net assets|at the end of|the year|352,320|2336|3,899|358,555|



## 

|||||Ai isa sir|inc|Epmr a||At the and|
|---|---|---|---|---|---|---|---|---|
|||||of the sea'|and gars|ardlosses|Tre afers|ofthesee|
|||||S'DDD|E'DIXI|auoo|E:000|S'000|
|Restncted|funds|(note 22b)||2,336|1,003|(626)||2,713|
|Endowment|funds (note 22c)|||3899|153|||4,D52|
|Total rastdcted||and endowed|funds|5235|'l,l56|(626)||6,765|





## 

## 

|||||||Aiihe siari|Income|E gerdr|re||At she end|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||oithe ters|and gens|and losses||Tra are re|er the sew|
|RIBA group and RIBAcharity|||||—restricted funds|COOO||oooo||rooo|C'OOO|
|Goldfinger<br>Trvst||||||198|7||(7)||196|
|Bcyd Auger Scholarship|||||||6||(5)||1|
|RIBA Education<br>Fund||||||337|42|(122)|||257|
|Rosenberg<br>Memona||I|||||39|(15)|||28|
|Ayyub<br>Malsk Trust|||||||31|(23)|||ll|
|Drasnngs collection|fund|||—London|||(2)||11|10|24|
|Banister Fletcher History||||of Architecture|||15||5||22|
|Schools Programme|||||||5||||5|
|Rare Books Fund||||||66|||[2)||64|
|Clore Studio||||||230|50|(30)|||250|
|Wilsan Catalogue||||||85|52||(71)||66|
|Palladio Catalogue||||||35|9|(37)||26|33|
|Donald and Nancy Notlay||||Legacy||545|75||||620|
|John!L. Bawd Hubert||legacy|||||125|(24)|||101|
|Clore Duffield Grant|||||||10||||10|
|Prizes Trust||||||10|2||(9)||3|
|Annie Spsnk Memorial|||Scholarship|||116|7||(11)||112|
|W J Parker Trust||||||43|15||(31l||27|
|Lord Norman<br>Foster||Travelbng|||Scholarship|15|10||(2)||23|
|Research Trust Funds||||||51|38|(34)|||55|
|Sir Banister Fletcher||Library Bequest||||24|6|||(19)|11|
|W H Ansell Bequest||||||44|2|||(10)|36|
|HM Fletcher Merrenal||||||15|1||||16|
|C McAnhur<br>Butler||||||1||||(1)||
|Nadine<br>Beddington|Trust|||||37|8||(I)|(20)|24|
|Giles Worsley<br>Fund||||||176|11||(7)||180|
|BALT||||||50|13|(37)||14|40|
|Thomas<br>Malvern<br>Pnze||||||15|1||||16|
|LKE Ozolins Bequest||||||49|24||('I)||72|
|C Jencks Exchange|Fund|||||15|5||(I)||19|
|RIBA Award Trust||||||40|18||(I)||57|
|Henry Jarvis Bequest||||||28|2||||30|
|IJN Habitat|||||||343|(137)|||206|
|Other||||||97|33|(34)|||96|
|Total restricted<br>funds||||||Z,336|1,003|(626)|||2,713|





## 

## 

|Endowmenr<br>funds a|re invesred|togenerate|income, which is then h|eld in a series of separare<br>restr|ictgd<br>fun|ds (|see|note sh|ovel||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Ai Ihe stan|imo|g|u|eai sed go|o|At the and|
|||||ol tha Sac|asoi|ms||est|m to|orthasar|
|RIBA group and RIBAcharity||- endowment|funds|E'DIXI||||E.'OOO||E'ODO|
|Pnzes Trusl||||75|||||3|78|
|Annie Spink Memorial Scholarship||||99|||||4|103|
|WJ Parker Trust||||448|||||18|466|
|Lord Norman<br>Fosrer|Travelling|Scholarship||267|||||11|278|
|Research Trust Funds||||1,096|||||43|1,139|
|Sir Banister Fletcher|Library Bequest|||128|||||5|133|
|W H Ansell Bequest||||26|||||1|27|
|Nadine<br>Beddinqton|Trust|||196|||||8|204|
|Giles Worsley<br>Fund||||140|||||5|145|
|BALT||||88||||||91|
|EKE Ozottns<br>Bequest||||665|||||26|691|
|C Jencks Exchange|Fund|||139|||||5|144|
|RIBA Award Trust||||489|||||19|508|
|Henry Jarvts Bequest||||24|||||1|25|
|Other||||19|||||1|20|
|Total endowmeni<br>funds||||3,899|||||153|4,052|



## 

|||||At Ihe start|Income|Etgerd tuse||At the end|
|---|---|---|---|---|---|---|---|---|
|||||oi the Ier|and gens|and loses|Tiamfe is|aftha ger|
|||||E'ODD|CDIXI||EOOD|E'ODO|
|Rest ncred|funds|(note 22e)||1,878|1024|(566)||2,336|
|Endowment|funds (note 22f)|||3,508|391|||3,899|
|Total restricted||and endowed|funds|5,386|1,415|(566)||6,235|





## 

||||AI Ihe slaii|I ltoine|E gerdi|ie||At the end|
|---|---|---|---|---|---|---|---|---|
||||of the ree|and gens|and losses||Tra afe re|er the yew|
|RIBA group end RIBAcharity||—restricted fundx|c'ooo|BOCO|OOOO||rooo|C'Ooo|
|Drawings collection tund|—London||23||(23)|||5|
|Banister Fleicher Hisiory|of Archaecture||||(42)|||2|
|Gordon Rickets Bursary|||19|||||19|
|Library Exhibition<br>Fund (Htsnz||Gallery)|5|||||5|
|Heinz Exhibition<br>Fvnd|||12|||||12|
|Giles Worsley<br>Fund|||172|11||(7)||176|
|Presdent's<br>Medal Archive||||10||(3)||7|
|Clore Studio|||150|100|(20)|||23D|
|RIBA Edvcation<br>Fvnd|||389|76|(128)|||337|
|Wilson Catalogue|||52|69||(51)||85|
|Research Trust Funds|||72|38|(59)|||51|
|Prees Trust|||7|3||||1D|
|Annie Sptnk Memonal Scholarship|||119|7|(10)|||116|
|RIBA Award Trvst|||32|17||(9)||40|
|W J Parker Trust|||33|15||(5l||43|
|Palladio Catalogue|||||(20)||55|35|
|Str Banister Fletcher Library Bequest||||||(1)|(10)|24|
|W H Ansell Beqvest|||42|2||||44|
|Nadine<br>Beddfngton<br>Trust|||55|8|||(26)|37|
|Henry Jarvis Bequesl|||26|2||||26|
|Goldfinger<br>Trust|||191|7||||198|
|EKE Ozolfns Bequest|||43|23||(17)||49|
|C Jencks Exchange Fund|||22|6||(13)||15|
|RSReynolds<br>Awards|||14|||||14|
|Lord Norman<br>Foster Travelling||Scholarship|15|||(9)||15|
|Donald<br>and Nancy Notley|Legacy|||545||||545|
|BALT|||119|5|(24)||(50)|50|
|RIBA East —CPD Fund|||18|||(2)||16|
|Rare Books Fund|||74|||(8)||66|
|Other|||100|60|(114)||16|62|
|Total rest dc ted<br>funds|||1,878|1,024|(566)|||2,336|





## 

|Endowmenr<br>funds a|re invesred|togenerate|income, which is then h|eld in a series of separare<br>restr|icted<br>fun|ds (|see|note ab|ovel||
|---|---|---|---|---|---|---|---|---|---|---|
|||||at the stan|imo|g|u|eai ted go|o|At the end|
|||||or the tea|coot|mt||rot|m to|ortheter|
|RIBA group and RIBAcharity||- endowment|funds|s'olxl||||s'ooo||s'ooo|
|Pnzes Trusl||||67|||||8|76|
|Annie Spink Memorial Scholarship||||89|||||10|99|
|WJ Parker Trust||||402|||||46|448|
|Lord Norman<br>Fosrer|Travelling|Scholarship||241|||||26|267|
|Research Trust Funds||||986|||||110|i096|
|Sir Banister Fletcher|Library Bequest|||116|||||12|128|
|W H Ansett Bequest||||23||||||26|
|Nadine<br>Beddinqton|Trust|||176|||||20|196|
|Giles Worsley<br>Fund||||127|||||13|140|
|6ALT||||79|||||9|88|
|LKE Ozottns<br>Bequest||||598|||||67|665|
|C Jencks Ettchange|Fund|||126|||||13|139|
|RIBA Award Trust||||439|||||50|489|
|Henry Jarvts Bequest||||22|||||2|24|
|Other||||17|||||2|19|
|Total endowment<br>funds||||3,508|||||391|3,899|





|234.<br>tfnre<br>RIBdt Group|stricted<br>fu|nd|a - current year|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Ai the start||||Net rrevemeni-|At the end|
|||||efthe ree|rm|ffe i|u|eit Kihd fu df|ofthe feÃ|
|||||E'oco||eeoo||c'000||
|Revaluation|reserve|||Bt639||l65)|||6,574|
|Hentage assets reserves||||264,582||||110|264,692|
|Inveslmenl|in assooated||company|37028||||3,823|40,851|
|Feed assets|reserve|||15,680||||(448)|15,232|
|Investmenr|for growth|fund||13,567||||tt3,567)||
|Two-year defiot cover||||9,374||||3,980|13,354|
|General reserve||||5,450||65||2,453|7,968|
|||||352,320||||(3,649)|348,671|
|RIBA charity||||||||||
|Revaluation|reserve|||6,639||[65)|||6,574|
|Hentage assets reserves||||264,582||||110|264,692|
|Invesrmenr|in assopated||company|37028||||@323|40,851|
|Fined assets|reserve|||16,680||||(448)|15,232|
|Invesimant|for growth|fund||13,567||||(13,567)||
|Two-year deliot ccver||||ct374||||3,980|13,354|
|Genera<br>I reserve||||4,814||65||3,693|8,572|
|||||351,684||||(2,409)|349,275|





## 

## 

|23b. (fnre<br>RIBA Group|stdcted<br>fu|nd|s - prior year|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||AI Ihe start||||Nei n»femeni-|At the end|
|||||ofthe fee|rm|ife i|u|eit Kivd fu di|ofIhe roe|
|||||E'OIXI||CO00||C'000||
|Revaluation|reserve|||6,703||(64)|||6,639|
|Hentage assets reserves||||264,523||||59|264,582|
|Inveslmenl|in assoaated||company|30241||||6287|37028|
|Feed assets|reserve|||16,164||||(484)|15,6BD|
|Investment|for growth|fund||tfv000||||(2,433)|13,567|
|Four year defiat cover||||12,362||||(2,988)|9,374|
|General reserve||||4975||64||411|5,450|
|||||351,468||||852|352,320|
|RIBA charity||||||||||
|Revaluation|reserve|||6,703||(64)|||6,639|
|Hentage assets reserves||||264,523||||59|264,582|
|Invesrmenr|in assoaated||company|30,741||||6,287|37,028|
|Fi~ed assets|reserve|||16164||||(484)|15,680|
|Investment|far growth|fund||16,000||||(2,433)|13,567|
|Faur-year defiat eever||||12362||||(2,988)|9,374|
|Generalreserve||||5,134||64||(384)|4,814|
|||||351,627||||57|351,684|



||||2020||
|---|---|---|---|---|
|Net (expenditure)/incame|for the reporting|period|||
|(as per the statement<br>of|Bnanclal a«tlvlties)||(3,465)|1,490|
|Depreaation<br>charges|||1,762|1,693|
|Amortisation<br>of goodwill|||||
|(Gains) on nvestments|||(488)|(511)|
|Hentage assets donated|||(110)|(59)|
|Divxfends,<br>interest and rent from Investments|||(4,404)|(4,007)|
|Loss on the disposai of fixed assets||||6|
|Disposal af subwdiary<br>assets|||||
|(Increase)<br>In stacks|||(121)|(307)|
|Decrease/(increase)<br>in debtors|||598|(291)|
|(Decrease)<br>in creditors|||(688)|(2,261)|
|Pension reserve funding|movements||346|211|
|Movement<br>on nvestment|in assaaate||(3,823)|(fv287)|
|Net cash provided<br>by operating<br>activities|||(10,393)|(10,323)|





## 

|||P aprny|
|---|---|---|
|||2or9|
|The group Lthe charity|oooo|r.'ODD|
|Less than one year|359|428|
|Between two and five years|807|944|
|Over five years|1,188|1,380|
||2,354|2,752|



|||Pi apery|
|---|---|---|
||202D|2D19|
||s'ooo|e'DDD|
|Less than one year|359|428|
|Between two and five years|807|944|
|Over five years|1,188|1,380|
||2,354|2752|





## 

## 

## 

## 

## 

||||||'rew eared|Vei|e ded|
|---|---|---|---|---|---|---|---|
||||||Sl/l2/2020|3///2/2/ne||
||||||0'000||l.'000|
|Defined|benefit obligation||at beginning|of year|55,036|51,021||
|(Gain)/toss on cunei)ments/changes/introductions|||||10|||
|Interesl|e~pense||||1,078||1,380|
|Cash flow Benefit||payments<br>from plan||assets|(2,310)|(2,981)||
|Rerneasurernents||||||||
|Effect|ofchanges|in assumptions|||4,440||5,516|
|Effect|ofexpenence<br>adlustments||||1170|||
|Benelit|obligation|at end|ofyear||59,424|55,036||



## 

|||||||Veer ended|'tee ended|
|---|---|---|---|---|---|---|---|
|||||||st/ra/2020|sl//2/2019|
|||||||0'000|2'000|
|Fair value of plan||assets|at beginning|ofyear||65,255|60,067|
|Interest income||||||1,277|1,626|
|Cash flows:||||||||
|Employer<br>contnbusons||||||||
|Benelit payments||from|plan assets|||(2,310)|(2,981)|
|Administratrre|expenses||pard from|plan assets||(535)|(457)|
|Remeasurernent.||Rerum|on plan assers (exrluding||interest inrorne)|9,474|7,000|
|Fair value of plan||assets|at end of year|||73,161|65,255|





## 

||Y«ir ended|Yea<br>e ded|
|---|---|---|
||sins/202D|31/12/2 D19|
||2'000|2'OOD|
|Defined<br>benefit obligation|59,424|55,D36|
|Fair value of plan assets|73,161|65,255|
|Funded status|(13,737)|(1f2219)|
|Effecr of asset carting|13,737|IQ219|
|Net defined<br>benefit (asset)|||



## 

||Year ended|Yea ended|
|---|---|---|
||st/12/2020|31/12/2 Dl9|
||«'000|DODD|
|Fair value of plan assets:|||
|Debt instruments|68,3OD|63,D75|
|Other|1,489|1,446|
|Cash and cash equivalents|3,372|734|
|Total|73,161|65,255|
|Actual rerum on plan assers|10,751|8,626|





## 

|||||||Y«ir ended|Vea a ded|
|---|---|---|---|---|---|---|---|
|||||||stnz/zozo|S1/id/ZO1 9|
|||||||s'ooo|z'ooo|
|Cost (excluding<br>interest)||||||||
|(Gain)/loss on curtailments/changes/introdvctions||||||10||
|Net interest cost:||||||||
|Interest expense|on DBO|||||1,076|1,380|
|Interest (inrorne)|on plan assets|||||(1,277)|(1,626)|
|Total net interest|cost|||||(199)|(246l|
|Administrative<br>expenses and/or taxes (not reserved||||within DBO)||535|457|
|Cost relating<br>to defined<br>benefit plans recognized|||in SOFA|||346|211|
|Rerneasvrernents|(recognised<br>m the SOFA)|||||||
|Effect of changes|in assumptions|||||4,440|5,616|
|Elfeel of expenence<br>adlustments||||||||
|(Return) on plan|assets (excluding|interest income)||||(9,474)|(7,CICIO)|
|Changes<br>in asset|ceiling (excluding|interest income)||||4,688|1,173|
|Total rerneasurernents<br>rnc(uded<br>in||other comprehensive|||income|(346)|(211l|
|Total cost related|to defined<br>benefit|plans recognized||in|SOFA|||



## 

|||||Year ended|Yea a ded|
|---|---|---|---|---|---|
|||||St/1Z/ZOZO|41/1Z/2 O19|
|Weighted-average<br>assvmptions<br>to determine||benefit obligetlonx:||||
|Discovnt rate||||140%|2.00%|
|Pnce infiation raie (RPI)||||2.90%|3.00%|
|Pensions-in-payment<br>increase rate||||||
|Pre Tt1989 —simple||||7.00%|7CI0%|
|Posr 1,1,1989 —compovnd||||5.00%|500%|
|Assumed<br>life expectations<br>on retirement<br>at age 65||||||
|Male retinng<br>today (member age 65)||||22.5|22.7|
|Male res nng<br>in 20years (member age 45 today)||||24.0|244|
|Female retiring today (member age 65)||||245|24.9|
|Fernale retinng<br>in 20years (member|age 45 today)|||2518|263|
|Weighted<br>average assumptions<br>used|to determine||net pension cost|||
|Discount rate||||2.00%|2.80%|
|Rate of pension<br>increase<br>—Pre 1January1989||(simple)||7.DD%|70CI%|
|Rate of pension<br>increase<br>—Post 1 January 1989(rornpound)||||5.D0%|50CI%|
|Price inflation<br>rate (RPI)||||3.00%|3.20%|





## 

|Expected cash|Rows for following year|Rows for following year|Rows for following year|Rows for following year|Si/32/2029|si//2/2019|
|---|---|---|---|---|---|---|
|Expected total|benafit||payments||||
|Year 1|||||2,45D||
|Year 2|||||2n599||
|Year 3|||||2,758||
|Year 4|||||2,928||
|Year 5|||||3,1D9||
|Next 5years|||||18,716||
|Membership<br>statistics|||||||
|Census date|||||si/32/2OI9|31/12/2016|
|Active:|||||||
|a Number|||||||
|b Total annual|pensionable|||pay|||
|c.Average pensionable|||pay||||
|d. Average age|||||||
|e Average past|service||||||
|Vested deferred:|||||||
|a. Number|||||57|75|
|b Average annual||pension|||5,564|5,420|
|c.Average age|||||57.D|55.7|
|Retlrees:|||||||
|a. Number|||||128|125|
|b Average annual||pension|||16,689|15595|
|r Average age|||||74.4|74.0|



## 

## 



## 

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