|Reports|Reports|||
|---|---|---|---|
|Reference and administrative||information|1|
|Trustees'
report||||
|Independent
auditor's|report||17|
|Financial Statements||||
|Statement offinancial|activities||21|
|Balance sheet|||22|
|Statement ofcash flows|||23|
|Principal
accounting|policies||24|
|Notes to the financial|statements||30|
##
|2019-2022|Dr R Andujar|Dr R Andujar||
|---|---|---|---|
||Professor|R Beaton||
||Ms T Bur|||
||Dr A Capra|||
||Dr J Skinner|||
|2020-2023|Professor|K. Harloe||
||Professor|P. Low||
||Professor|L. Mitchell|(until 11 January|
||2023)|||
||Dr C. Plastow|||
||Professor|M. Squire||
||Professor|R.Thomas||
||Professor|P.Vasunia||
|2021-2024|Dr Anastasia
Christophilopoulou|||
||Dr Emma|Greensmith||
||Dr Jon Hesk|||
||Dr Emily Kneebone|||
||Professor|Fiona Macintosh||
||Helen McVeigh|||
||Professor|Dan Orrells||
|2022-2025|Dr Tiziana|D'Angelo||
||Professor|Tom Harrison||
||Dr Emily Hauser|||
||Professor|Andrew
Meadows||
||Professor|Gonda Van Steen||
||Professor|Tim Whitmarsh||
||Dr Hannah|Willey||
||Vice-Presidents|Vice-Presidents|Professor P E Easterling|FBA|
|---|---|---|---|---|
||||Professor R Fowler FBA||
||||Mr BGilmore||
||||Mr G Lemos||
||||Dr P Michelakis||
||||Professor J Mossman||
||||Dr M Mountford||
||||Professor R G Osborne|FBA|
||||Professor CJ Rowe OBE||
||||Professor
M Schofield FBA||
||||Professor BA Sparkes||
||||Dr D Thomas||
|||Editors|Professor
Lin Foxhall (Editor JHS)||
||||Dr Jan Haywood
(Review Editor JHS)||
||||Dr Yannis Galanakis
(Editor AinG)||
||||Dr Tulsi Parikh (Editor AinG)||
||||Professor Laurence Totelin (Review Editor||
||||JHS)||
||||Dr Fiona Haarer (Executive Editor, AR)||
||||Dr Daisy Dunn (Editor, ARGO)||
||Honorary|Librarian|Professor
M BTrapp||
||Executive|Secretary|Dr Fiona Haarer||
|Assistant|Executive|Secretary|Ms LWallace||
||Principal office||Senate House||
||||Malet Street||
||||London||
||||WC1E 7HU||
|Charity|registration|number|245623||
||Auditor|Buzzacott|LI P|
|---|---|---|---|
|||130Wood|Street|
|||London||
|||EC2V 6DL||
||Bankers|Coutts 8 Co||
|||440 Strand||
|||London||
|||WC2R OQS||
|Investment|manager|Rathbones||
|||8 Finsbury|Circus|
|||London||
|||EC2M 7AZ||
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||||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||||funds|funds|2022|funds|funds|2021|
|||||Notes||||f.|||
|Income and endowments|||from:||||||||
|Donations
and legacies||||1|24,568|7,500|32,068|10,468|7,500|17,968|
|Charitable
activities||||2|175,429||175,429|192,118||192,118|
|Investments||||3|27,023|2,583|29,606|31,801|3,048|34,849|
|Total income and|endowments||||227,020|10,083|237,103|234,387|10,548|244,935|
|Expenditure
on:|||||||||||
|Raising funds|||||7,734||7,734|8,930||8,930|
|Charitable
activities||||4|222,095|8,407|230,502|211,345|7,208|218,553|
|Total expenditure|||||229,829|8,407|238,236|220,275|7,208|227,483|
|Net (expenditure)|income||||||||||
|before investment||(losses)|||||||||
|gains||||9|(2,809)|1,676|(1,133)|14,112|3,340|17,452|
|Net (losses) gains|on||||||||||
|investments||||13|(135,516)|(13,123)|(148,639)|159,256|15,293|174,549|
|Net (expenditure)|income||and||||||||
|movement
in funds|||||(138,325)|(11,447)|(149,772)|173,368|18,633|192,001|
|Reconciliation
of|funds:||||||||||
|Total funds brought||forward|||2,462,380|238,442|2,700,822|2,289,012|219,809|2,508,821|
|Total funds carried||forward|||2,324,055|226,995|2,551,050|2,462,380|238,442|2,700,822|
||||Notes|2022|2022f|2021|2021|
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|Tangible assets —heritage assets|||12|1,054,574||997,893||
|Investments|||13|1,302,791||1,477,006||
||||||2,357,365||2,474,899|
|Current assets||||||||
|Debtors|||14|103,539||100,575||
|Short-term
deposit||||271||271||
|Cash at bank and in|hand|||141,089||163,766||
|||||244,899||264,612||
|Creditors: amounts|falling due|||||||
|within one year|||15|(45,667)||(32,439)||
|Net current assets|||||199,232||232,173|
|Total assets less current||liabilities|||2,556,597||2,707,072|
|Creditors: amounts|falling due|||||||
|after one year|||16||(5,547)||(6,250)|
|Total net assets|||||2,551,050||2,700,822|
|The funds ofthe charity:||||||||
|Unrestricted
funds|||||2,324,055||2,462,380|
|Restricted funds|||17||226,995||238,442|
||||||2,551,050||2,700,822|
##
##
||||||||Notes|2022f|2021f|
|---|---|---|---|---|---|---|---|---|---|
||Cash flows used in operating||activities:|||||||
||Net cash used
in operating|activities|||||A|(61,630)|(95,465)|
||Cash flows from investing|activities:||||||||
||Purchase of books (note 22)|||||||(16,229)|(16,522)|
||Purchase of investments|||||||(316,700)|(180,809)|
||Investment
proceeds|||||||380,226|263,410|
||Investment
income|||||||29,606|34,849|
||Net cash provided
by investing|||activities||||76,904|100,928|
||Net increase
in cash and cash||equivalents|||||15,274|5,463|
||Cash and cash equivalents|at|1 January||||B|173,045|167,582|
||Cash and cash equivalents|at|31 December||||B|188,319|173,045|
|A|Reconciliation
of net movement||||in funds|to net|cash flow|provided
by|operating|
||activities|||||||||
|||||||||2022f|2021f|
||Adjustments
for:|||||||||
||Net (expenditure)
income|||||||(149,772)|192,001|
||Books and periodicals|||||||(40,452)|(32,776)|
||Net loss (gain) on investments|||||||148,639|(174,549)|
||Investment
income|||||||(29,606)|(34,849)|
||(Increase)
in debtors|||||||(2,964)|(19,111)|
||Increase (decrease)
in creditors|||||||12,525|(26,181)|
||Net cash used in operating|activities||||||(61,630)|(95,465)|
|B|Analysis ofchanges
in|cash||and|cash equivalents|||||
||||||||2021|Cash flows|2022|
||||||||f|||
||Cash at bank and in hand||||||163,766|(22,677)|141,089|
||Short term deposits||||||271||271|
||Cash held by investment
manager||||||9,008|37,951|46,959|
||Total cash and cash equivalents||||||173,045|15,274|188,319|
##
##
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##
##
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##
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##
##
##
##
|||2022|2021|
|---|---|---|---|
|||0/|'/0|
|Restricted funds||||
|Dover fund||1.15|1.13|
|A G Leventis Foundation|fund|0.40|0.40|
|125th Anniversary
Appeal||0.55|0.55|
|Library general book fund||3.30|3.28|
|The Green Lectures Fund||3.43|3.91|
|Unrestricted
funds||91.17|91.23|
|||100.00|100.00|
##
##
|1|Donations||and|legacies|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||||funds
f|funds|2022|funds|fundsf|2021
F|
||Grants to|publications|||||||||
||To Archaeological|||Reports|||||||
||from the A|G Leventis|||||||||
||Foundation|||||2,500|2,500||2,500|2,500|
||Other grants||||||||||
||The A G Leventis||||||||||
||Foundation|||||5,000|5,000||5,000|5,000|
||Donations||||||||||
||Others||||2,088||2,088|2,954||2,954|
||Donations|in|kind||||||||
||. Library books||||17,480||17,480|6,514||6,514|
||Legacies||||5,000||5,000|1,000||1,000|
||||||24,568|7,500|32,068|10,468|7,500|17,968|
##
|Income from charita|b|le
activities|||
|---|---|---|---|---|
||||Total|Total|
||||2022|2021|
|Subscriptions|||||
|Subscription
amounts|receivable||49,505|53,214|
|Gift Aid on subscriptions|||8,772|4,973|
|Life compositions|||1,283|805|
|Publications|||||
|JHS and AR publishing||income|63,238|79,408|
|ARGO publishing
income|||2,043|2,103|
|Digital archive income|||4,970|5,036|
|Periodical exchanges|||22,972|26,262|
|Royalties received|||19,466|17,822|
|Archaeological
Reports||(BSAshare ofcosts)|2,101|2,019|
|Library income|||||
|Sales ofduplicate
books|||1,079|476|
||||175,429|192,118|
##
|Income from investments|||
|---|---|---|
||Total|Total|
||2022|2021|
|||F|
|Dividends —equities|22,089|26,265|
|Fixed interest|7,168|8,523|
|Bank deposit interest|349|61|
||29,606|34,849|
##
|Expenditure|on charitabl|e
activities||||||
|---|---|---|---|---|---|---|---|
|||Membership|||Membership|||
|||publications||Total|publications||Total|
|||&eventsf|Grantsf|2022
f|&events|Grantsf|2021
F|
|Publication|costs|||||||
|Journal of Hellenic Studies||2,136||2,136|7,841||7,841|
|ARGO||15,568||15,568|12,530||12,530|
|Archaeological
Reports||1,000||1,000|3,991||3,991|
|Grants (note|5)||19,685|19,685||17,226|17,226|
|Events costs||4,563||4,563|1,373||1,373|
|Library costs|(note 6)|113,104||113,104|107,538||107,538|
|Support costs||||||||
|Staff costs (note 8)||36,844||36,844|35,200||35,200|
|Office rent||4,443||4,443|4,144||4,144|
|Insurance||470||470|484||484|
|Postage, stationery,||||||||
|photocopying|and printing|2,508||2,508|1,245||1,245|
|Computer expenses||3,870||3,870|3,106||3,106|
|Subscriptions||128||128|133||133|
|Bank and credit card||||||||
|charges||1,480||1,480|1,613||1,613|
|Governance|costs (note 7)|24,703||24,703|22,129||22,129|
|||210,817|19,685|230,502|201,327|17,226|218,553|
##
|Analysis|o|fgrants||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Grants to|Grants to||Total|Grants to|Grants to|Total|
||||||Institutions
f|Individuals|f|2022
f|Institutions
f.|Individuals
F-|2021|
|AG Leventis||Foundation||fund|5,043|||5,043|7,580||7,580|
|Dover fund||grants|||380|||380|(372)||(372)|
|Hardship|grants|||||1,200||1,200||2,550|2,550|
|Unrestricted||fund|||12,082|980||13,062|4,968|2,500|7,468|
||||||17,505|2,180||19,685|12,176|5,050|17,226|
|||||||||||Total|Total|
|Recipients||of institutional|||grants:|||||2022f|2021|
|Regional|Conference||grant (Stellenbosch)
Asante 2020|||||||1,400||
|Regional|Conference||grants||at Kings|||||3,980||
|Various|other institutional|||grants &f1,000||||||12,125|12,176|
|||||||||||17,505|12,176|
##
|Library cost|s|||||
|---|---|---|---|---|---|
|||||Total|Total|
|||||2022
E|2021f|
|Fees paid to|HARL|||||
|Service charge||||9,385|8,603|
|Fees||||7,201|6,394|
|Librarian salaries||||87,864|83,833|
|Administrator|salary|||8,204|7,974|
|Book purchases||handling|fee|450|734|
|||||113,104|107,538|
##
|||||Total|Total|
|---|---|---|---|---|---|
|||||2022|2021|
|Audit and|accountancy|||7,750|6,555|
|Staff costs (note||8)||12,281|11,733|
|Postage,|printing,|photocopying|and stationery|836|416|
|Bookkeeping costs (note 8)||||3,836|3,425|
|||||24,703|22,129|
|Staff costs and remuneration
of key management|personnel||
|---|---|---|
||Total|Total|
||2022|2021|
||E||
|Salaries|40,941|39,352|
|Social security costs|4,439|4,041|
|Pension costs|7,581|6,965|
||52,961|50,358|
|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
||||||||E|
|Hellenic|Society|staff costs (recharged||from Roman Society) (note 4, note 7)||49,125|46,933|
|Hellenic|Society|bookkeeping|costs (recharged||from HARL) (note 7)|3,836|3,425|
|||||||52,961|50,358|
##
|This|is st|ated after ch|arging|:|||
|---|---|---|---|---|---|---|
||||||Total|Totai|
||||||2022f|2021f|
|Audit|and|Accountancy|(note|7)|7,750|6,555|
##
##
|Intangible assets||
|---|---|
||CRM|
||software|
||Z|
|Cost||
|At 1 January 2022 and 31 December 2022|4,737|
|Amortisation||
|At 1 January 2022 and 31 December 2022|4,737|
|Net book value||
|At 31 December 2021 and 31 December 2022||
##
##
|Tangible assets||||||
|---|---|---|---|---|---|
||Heritage|Library|Office|Computer||
||assets
f|equipment
E|equipment
F|equipment|Total|
|Cost||||||
|At 1 January 2022|997,893|8,198|193|875|1,007,159|
|Additions|56,681||||56,681|
|At 31 December 2022|1,054,574|8,198|193|875|1,063,840|
|Depreciation||||||
|At 1 January 2022||8,198|193|875|9,266|
|At 31 December 2022||8,198|193|875|9,266|
|Net book value||||||
|At 31 December 2022|1,054,574||||1,054,574|
|At 31 December 2021|997,893||||997,893|
##
|is no intention
Investments|of selling or o|therwise
disposing
ofthese|assets
in the future.||
|---|---|---|---|---|
||||Total|Total|
||||2022|2021|
|||||F|
|Quoted investments|||||
|Market value|at 1 January||1,467,998|1,376,050|
|Additions|||316,700|180,809|
|Disposals|||(380,226)|(263,410)|
|Net investment|(losses) gains||(148,639)|174,549|
|Market value|at 31 December||1,255,832|1,467,998|
|Investments|are represented|by:|||
|Fixed interest|||166,206|218,424|
|Alternatives|||461,833|193,040|
|UK equities|||415,414|521,915|
|Overseas
equities|||212,379|534,619|
||||1,255,832|1,467,998|
|Cash|||46,959|9,008|
||||1,302,791|1,477,006|
|Historical cost at 31 December|||1,107,863|1,140,478|
##
##
|ofthe charity's|listed investm|ents.
Mov|em|ents
during
the year we|re as follows:||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||||E|
|Reconciliation|ofmovements|in unrealised||gains:|||
|Total unrealised|gains at 1 January||||336,528|265,148|
|Add: (losses) gains arising on||revaluations|in|the year|(141,600)|71,380|
|Total unrealised|gains at 31 December||||194,928|336,528|
|||||2022|2022|
|---|---|---|---|---|---|
|||||Shareholding|Valuation|
|||||No.||
|Fund details||||||
|Edinburgh
Investment|trust 25p||ords|14,700|93,492|
|JP Morgan
UK Equity|Core E Net Inc|||180,000|115,560|
|T Bailey Fund Evenlode||Income|D Inc|49,000|119,594|
|SPDR Series Trust S&P||500 ETF (GBP)||480|152,328|
##
|Debtors|||||
|---|---|---|---|---|
||||Total|Total|
||||2022|2021|
|||||E|
|Trade debtors|||7,076||
|Due from The Society for the Promotion||of Roman Studies|216|216|
|Due from The Hellenic and Roman|Library||48,626|29,450|
|Accrued income|||43,359|65,770|
|VAT|||4,262|5,139|
||||103,539|100,575|
##
##
|Creditors: amounts
falling due within one yea|r||
|---|---|---|
||Total|Total|
||2022|2021|
|||E|
|Trade creditors|124|124|
|Deferred income|10,820|4,750|
|Accruals|34,723|27,565|
||45,667|32,439|
##
##
##
##
|Restrict|ed funds||||||||
|---|---|---|---|---|---|---|---|---|
||||125th||A G Leventis|Library|The Green||
|||Anniversary||Dover|Foundation|general|Lectures|Total|
|||Appeal|fundf|fund
f|fund|book fund|fundf|2022f|
|At 1 January 2022||14,885||31,177|10,686|89,134|92,560|238,442|
|Investment|income||161|338|116|966|1,003|2,583|
|Donations|I grants receivable||||7,500|||7,500|
|Charitable|expenditure|||(380)|(5,043)||(2,984)|(8,407)|
|(Losses) on investments|||(819)|(1,716)|(588)|(4,905)|(5,094)|(13,123)|
|At 31 December 2022||14,227||29,419|12,671|85,194|85,484|226,995|
||||125tIT||A G Leventis|Library|The Green||
|||Anniversary||Dover|Foundation|general|Lectures|Total|
|||Appeal|fund|fund
f|fund
f|book fundf|fundf|2021f|
|At 1January 2021||13,739||28,433|9,937|82,269|85,431|219,809|
|Investment
Donations|income
Igrants receivable||190|394|138
7,500|1,141|1,185|3,048
7,500|
|Charitable|expenditure|||372|(7,580)|||(7,208)|
|Gains oninvestments|||956|1,978|691|5,724|5,944|15,293|
|At 31December 2021||14,885||31,177|10,686|89,134|92,560|238,442|
##
##
|Analysis of net assets|between funds||||||
|---|---|---|---|---|---|---|
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||funds|funds|2022|funds|funds|2021|
||K|E|||||
|Tangible fixed assets|1,054,574||1,054,574|997,894||997,894|
|Investments|1,075,796|226,995|1,302,791|1,238,563|238,442|1,477,005|
|Current assets|244,899||244,899|264,612||264,612|
|Current
liabilities|(45,667)||(45,667)|(32,439)||(32,439)|
|Long term liabilities|(5,547)||(5,547)|(6,250)||(6,250)|
|Net assets at 31|||||||
|December|2,324,055|226,995|2,551,050|2,462,380|238,442|2,700,822|
##
##
##
##
|operati|ng leases asset out below. These commitments|are not included
on the balance sheet a|s liabilities|
|---|---|---|---|
|||Total|Total|
|||2022|2021|
|||E||
|Office|premises|||
|Within|one year|4,750|2,360|
|Within|two to five years|7,521||
##