2021-12-31-accounts - The Palestine Exploration Fund

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				2021	2020
				Unrestricted	Total
				funds	funds
			Notes		E
INCOME AND ENDOWMENTS		FROM
Donations and legacies				3,861	59,913
Charitable activities
General				47,057	3,000
Other trading activities				47,252	53,605
Investment income				146,395	152,152
Total				244,565	268,670
EXPENDITURE ON
Charitable activities
Expenditure on charitable	activities			202,935	210,626
Net gains on investments				367,337	287,453
NET INCOME				408,967	345,497
RECONCILIATION OF	FUNDS
Total funds brought forward				8,499,091	8,153,594
TOTAL FUNDS CARRIED FORWARD				8,908,058	8,499,091

				2021	2020
				Unrestricted	Total
			Notes	funds I	fundsI
FIXEDASSETS
Tangible assets Heritage assets Investments			12 13 14	3,312,944 3,096 5,405,454	3,335,234 1,500 5,032,831
				8,721,494	8,369,565
CURRENT ASSETS
Stocks			15	1,244	1,252
Debtors			16	18,550	14,195
Cash at bank and	in hand			210,202	151,527
				229,996	166,974
CREDITORS
Amounts falling due within one year			17	(43,432)	(37,448)
NET CURRENT ASSETS				186,564	129,526
TOTAL ASSETS	LESS	CURRENT LIABILITIES		8,908,058	8,499,091
NET ASSETS				8,908,058	8,499,091
FUNDS			18
Unrestricted funds:
Generalfund				8,634,947	8,248,197
Reverend LEC Evans Will Trust Fund				218,505	194,133
Property Management Collection Conservation		Fund Fund		6,759 40,000	6,759 40,000
Digital Strategies Share Capital	Fund			7,845 2	10,000 2
				8,908,058	8,499,091
TOTALFUNDS				8,908,058	8,499,091

					2021	2020
					E	E
Subscriptions					10,864	10,880
Royalty income and book sales Reproduction fees - photos					35,578 810	40,125 2,600
					47,252	53,605
INVESTMENT INCOME
					2021	2020
					E	E
Investment	income				146,369	152,120
Investment	interest				6	12
Deposit account interest					20	20
					146,395	152,152
CHARITABLE ACTIVITIES COSTS
				Grant
				funding of
				actlvlbes	Support
			Direct	(see note	casts (see
			Costs	6)	note 7)	Totals
			E		E	E
Expenditure	on charitable	activities	54,474	10,894	137,567	202,935

				2021	2020
				E
Expenditure	on charitable	activities		10,894	15,944
The total grants paid to individuals			during the year was as follows:
				2021	2020
				E	E
J.M Ross				3,000
P.Davies Award				II200
Research grants				8,350
				12,550

						Grants to	Grants to	Grants to
Activity/Project						institutions	E	individuals E.	Total E
Research	and publication							10,894	10,894
Total								10,894	10,894
For details		ofrecipients		of	grants please see the Report ofthe Trustees.
SUPPORT		COSTS
								Governance
						Management	Finance	costs	Totals
						E	E	E	E
Expenditure			on chadtable		activities	129,579	698	7890	137,567
Support costs, included				in	the above, are as follows:
Management
								2021	2020
								Expenditure
								on
								charitable	Total
								activities	activities
								E	E
Wages								27,529	23,738
Rates								1,970	2,728
Insurance								10,444	13,070
Light and	heat							6,619	8,228
Telephone		and postage						1,036	1,981
Stationery		and printing						540	238
Advertising								200	1,515
Sundries								577	393
Repairs and			maintenance					18,477	18,497
Legal and	professional							15,929	16,175
Other labour			costs					1,42S	3,323
Computer	repairs and maintenance							9,368	6,527
Property management Depreciation oftangible				services and heritage assets				11,020 24,445	8,684 27,665
								129,579	132,762
Finance
								2021	2020
								Expenditure
								on
								charitable	Total
								activities	activities
								E	E
Bank charges								698	726

				2021	2020
				Expenditure
				OI1
				charitable	Total
				activities	activities
				I	I
Auditors'	remuneration			7,290	6,120
NET INCOME/(EXPENDITURE)
Net income/(expenditure)			is stated after charging/(crediting):
				2021I	2020 6
Auditors'	remuneration			7,290	6,120
Depreciation		- owned assets		24,445	27,665

STAFF COS	TS
				2021I	2020I
Wages and salaries Other pension costs				72,286 3,182	69,698 3,343
				75,468	73,041
The average	monthly	number ofemployees	during the year was as follows:
				2021	2020
Direct charitable activity				1	1
Administration	ofactivity			1	1
				2	2

COMPARATIVES FOR	THE ST	ATEMENT OF FINANCIAL ACTIVI	TIES
			Unrestricted
			fundsI
INCOME AND ENDOWMENTS		FROM
Donations and legacies			59,913
Charitable activities
General			3,000
Other trading activities			53,605
Investment income			152,152
Total			268,670
EXPENDITURE ON
Charitable activities
Expenditure on charitable	activities		210,626
Net gains on investments			287,453
NET INCOME			345,497
RECONCILIATION OF	FUNDS
Total funds brought forward			8,153,594
TOTAL FUNDS CARRIED FORWARD			8,499,091

TANGIBLE FIXEDASSETS
	Long	Fixtures
	Leasehold	and	Computer
	Property E	fittings I	equipment I	Totals 6
COST
At 13anuary 2021	3,198,728	196,673	20,127	3,415,528
Additions			2,155	2,155
At 31December 2021	3,198,728	196,673	22,282	3,417,683
DEPRECIATION
At 13anuary 2021 Charge for year	7,998 3,554	55,315 19,021	16,981 1,870	80,294 24,445
At 31December 2021	11,552	74,336	18,851	104,739
NET BOOK VALUE
At 31December 2021	3,187,176	122,337	3,431	3,312,944
At 31December 2020	3,190,730	141,358	3,146	3,335,234

HERITAGE ASSETS
	Total
	I
MARKET VALUE
At 1January 2021	1,500
Additions	1,596
At 31December 2021	3,096
NET BOOK VALUE
At 31December 2021	3,096
At 31December 2020	1,500

Valuation	in	2021
Cost

16.	the Trustees STOCKS	.			y		pp
						2021	2020
						f	f
	Monograph	and book	stocks			1,244	1,252
16.	DEBTORS:	AMOUNTS		FALLING DUE WITHIN ONE YEAR
						2021	2020
						f	f
	Other debtors Accrued income					3,799 6,000	8,201
	Prepayments					8,751	5,994
						18,550	14,195
17.	CREDITORS'.AMOUNTS				FALLING DUE WITHIN ONE YEAR
						2021	2020
						f	f
	Other creditors					22,181	16,724
	Grants payable					13,188	14,844
	Accruals and	deferred	income			8,063	5,880
						43,432	37,448

MOVEMENT	IN	FUN	DS
					Net	Transfers
					movement	between	At
				At 1/1/21 f	in funds f	funds f	31/12/21
Unrestricted	funds
General fund				8,248,197	384,595	2,155	8,634,947
Reverend LEC	Evans Will Trust Fund			194,133	24,372		218,505
Property Management			Fund	6,759			6,759
Collection Conservation			Fund	40,000			40,000
Digital Strategies Share Capital		Fund		10,000 2		(2,155)	7,845 2
				8,499,091	408,967		8,908,058
TOTAL FUNDS				8,499,091	408,967		8,908,058

MOVEMENT I	N FUNDS	N FUNDS	N FUNDS	- conti	- conti	nued	nued
Net movement	in funds,			included		in the above		are as follows:
								Incoming	Resources	Gains and	Movement
								resources I	expended I	losses	in funds I
Unrestricted	funds
General fund								244,565	(202,935)	342,965	384,595
Reverend LEC	Evans Will			Trust Fund						24,372	24,372
								244,565	(202,935)	367,337	408,967
TOTAL FUNDS								244,565	(202,935)	367,337	408,967
Comparatives		for movement				in funds
									Net	Transfers
									movement	between	At
								At 1/1/20 I	in funds I	funds I	31/12/20 I
Unrestricted	funds
General fund								7,963,950	334,247	(50,000)	8,248,197
Reverend LEC	Evans Will Trust Fund							182,883	11,250		194,133
Property Management Collection Conservation			Fund Fund					6,759		40,000	6,759 40,000
Digital Strategies		Fund								10,000	10,000
Share Capital											2
								8,153,594	345,497		8,499,091
TOTAL FUNDS								8,153,594	345,497		8,499,091
Comparative net		movement			in funds,		included	in the above are as follows:
								Incoming	Resources	Gains and	Movement
								resources I	expended I	losses I	in funds I
Unrestricted	funds
General fund								268,670	(210,626)	276,203	334,247
Reverend LEC	Evans Will Trust Fund									11,250	11,250
								268,670	(210,626)	287,453	345,497
TOTAL FUNDS								268,670	(210,626)	287I453	345,497

					Net	Transfers
					movement	between	At
				At 1/1/20	in funds	funds	31/12/21
				f		f	f
Unrestricted	funds
General fund				7,963,950	718,842	(47,845)	8,634,947
Reverend LEC	Evans Will Trust Fund			182,883	35,622		218,505
Property Management			Fund	6,759			6,759
Collection Conservation			Fund			40,000	40,000
Digital Strategies Share Capital		Fund				7,845	7,$45 2
				8,153,594	754,464		8,908,058
TOTAL FUNDS				8(153,594	754,464		8,908,058

			Incoming	Resources	Gains and	Movement
			resources f	expended f	losses f	in funds f
Unrestricted		funds
General	fund		513,235	(413,561)	619,168	718,842
Reverend	LEC	Evans Will Trust Fund			35,622	35,622
			513,235	(413,561)	654,790	754,464
TOTAL FUNDS			513,235	(413,561)	654,790	7R;464

				2021 I	2020 f
INCOME AND ENDOWMENTS
Donations and legacies
Donations and sundry		income		1,792	7,227
Gift aid				2,069	1,068
Legacies					51,618
				3,861	59,913
Other trading activities
Subscriptions				10,864	10,880
Royalty income and book sales Reproduction fees - photos				35,578 810	40,125 2,600
				47,252	53,605
Investment income
Investment income				146,369	152,120
Investment interest				6	12
Deposit account interest				20	20
				146,395	152,152
Charitable activities
Government grants				47,057	3,000
Total incoming resources				244,565	268,670
EXPENDITURE
Charitable activities
Chief Executive Salary		and National	Insurance	44,757	45,960
Pensions				3,182	3,343
Quarterly production	cost			1,603	1,350
Lecture and exhibition		expenses		183	215
Ubrary expenses				1,782	2,551
Archives conservation		expenses		2,272	1,142
OfFicers Expenses				695	513
Grants to individuals				10,894	15,944
				65,368	71,018
Support costs
Management
Wages				27,529	23,738
Rates				1,970	2,728
Insurance				10,444	13,070
Light and heat				6,619	8,228
Telephone and postage				1,036	1,981
Stationery and printing				540	238
Advertising				200	1,515
Carried forward				48,338	51,498

	2021I	2020I
Management Brought forward Sundries	48,338 577	51,498 393
Repairs and maintenance Legal and professional Other labour costs	18,477 15,929 1,425	18,497 16,175 3.323
Computer repairs and maintenance Property management services Depn of long leasehold Depn offixtures it fittings Depn ofcomputer equipment	9,368 11,020 3,554 19,021 1,870	6,527 8,684 3,554 18,503 5,608
	129,579	132,762
Finance
Bank charges	698	726
Governance costs
Auditors' remuneration	7,290	6,120
Total resources expended	202,935	210,626
Net income before gains and losses	41,630	58,044
Gains/(losses) on investments Net gains/(losses) on investments Gain/loss on sale of investments	164,142 203,195	287,453
Net income	4M,967	345,'87