2020-12-31-accounts

Trustees		listed on pages 10to 11 ofthis	listed on pages 10to 11 ofthis	report
CEO		Dr David Shankland
Charity number		246269
Company	number	00022388
Registered	office	50 Fitzroy Street,
		London W1T 5BT
Auditors		Friend- James Limited
		4'" Floor, Park Gate
		161-163Preston Road
		Brighton
		BN1 6AF
Bankers		National Westminster	Bank
		45 Tottenham Court	Road
		London
		W1T 2EA
Jnvestment	Advisers	Smith 8,Williamson	Investment	Management
		25 Moorgate
		London
		EC2R 6AY
		CCLA Investment Management
		Senator House, 85
		Queen Victoria Street
		London
		EC4V 4ET

				Unrestricted	Designated	Restricted	2020	2019
				Funds	Funds	Funds	Total	Total
			Notes	E		E
INCOME
Donations and grants				12,675		17,612	30,287	105,896
Investment income				112,540	96	30,660	143,296	95,586
Other income				6,014			6,014	10,255
income from charitable	activities:
Fellowship and Membership				98,012			98,012	93,737
Publications				731,862			731,862	733,938
RAI Collection				66,803			66,803	105,915
Education Programme				46,127			46,127	6,765
TOTAL INCOME				1,074,033	96	48,272	1,122,401	1,152,092
EXPENDITURE
Expenditure on charitable		activities:
Policy and Profile			9	118,738		8,976	127,714	176,863
Fellowship and Membership			10	66,587			66,587	64,581
Publications			11	363,269			363,269	360,175
RAI Collection			12	122,823		35,153	157,976	196,317
Library			13	57,189			57,189	59,137
Education Programme			14	121,295		9,300	130,595	133,506
TOTAL EXPENDITURE			15	849,901		53,429	903,330	990,579
Net income for the year				224,132	96	(5,157)	219,071	161,513
Gain/(loss) on investments			26,27	11,373	6,975	46,251	64,599	95,807
Transfers between funds			26	2,948	(2,948)
Net movement in funds				238,453	4,123	41,094	283,670	257,320
Fund balances at 1 January 2020				1,073,033	1,845,891	1,239,582	4,158,506	3,901,186
Fund balances at 31 December 2020				1,311,486	1,850,014	1,280,676	4,442,176	4,158,506

STAT	EM	EN	T OF FINANC	IAL POSIT	ION AS AT 31 DECEMB	ER 2020
				Note	2020	2019
Fixed assets
Tangible fixed	assets			20	676,850		679,798
Freehold investment			property	21	1,067,500	1,060,580
Listed investments				22	2,043,835	1,877,523
					3,788,185	3,617,901
Current assets
Debtors				23	164,471	177,980
Cash at bank and		in	hand		745,651	794,096
					910,122	972,076
Creditors-amounts		falling due
within one year				24	~256,131)	~431,471
Net current assets					653,991		540,605
					4,442,176	4,158,506
Income funds
Restricted funds				26	1,280,676	1,239,582
Unrestricted funds
Designated	funds			26	1,850,014	1,845,891
Other charitable			funds	26	1,311,486	1,073,033
					4,442,176	4,	158,506

				2020	2019
Cash flow from operating	activities
Net movement in funds				219,071	161,513
Add back depreciation charge				2,948	3,062
Deduct investment income				(143,296)	(95,586)
Decrease (increase) in debtors				13,509	247,378
Increase (decrease) in creditors				(175,340)	54,233
Net cash generated from	operating	activities		(83,108)	370,600
Cash flows from investing	activities
Purchase offixed assets					(897)
Purchase of listed investments				(180,128)	(1,377,657)
Purchase and refurbishment	of investment		property		(36,991)
Sale of listed investments				71,495	29,564
Investment income				143,296	95,586
Net increase in cash and	cash equivalents			(48,445)	(919,795)
Cash at the beginning of	year			794,096	1,713,891
Cash at the end ofyear				745,651	794,096

2	Voluntary income and	gr	ants	receive	d
						2020	2019
	Voluntary income
	Gifts in kind of	journals		to the Institute		12,270	11,935
	Other donations					405	22,215
	Grants receivable
	Curl Bequest Fund					1,612
	Anthropologists'	Fund for Urgent Anthropological				Research
	(USA) in respect		of research				21,904
	Amaury Talbot Prize		fund				26,089
	W BFagg Charitable		Trust				3,753
	Esperanza Trust	for Anthropological			Research	16,000	20,000
						30,287	105,896
3	Investment income
	Rental income					85,654	68,087
	Dividend income					56,885	26,032
	Interest income					757	1,467
						143,296	95,586
4	Other income					6,014	10,255
5	Fellowship and Membership			income
	Fellows' & members'	subscriptions				98,012	93,737
	Gift Aid
						98,012	93,737
	Geographical allocation
	United Kingdom					53,907	51,555
	Overseas					44,105	42,182
						98,012	93,737
	The numbers of Fellows, Members				and Student	Fellows ofthe Institute at 31 December 2020 were
	1714(2019:1,719).

	The numbers of Fellows, 1714(2019:1,719).	The numbers of Fellows, 1714(2019:1,719).	Members an	d Student Fellows ofthe Institute	at 31 December 2020 we	re
6	Publications, subscriptions		and sales	- income
	5ubscriptions
	JRAI and AT institutional		subscriptions	collected by Wiley	488,351	486,404
	Anthropological Index	Online			202,965	213,083
	Royalties, permission and		advertising	fees	40,546	34,451
					731,862	733,938
	Geographical allocation
	United Kingdom				102,461	102,751
	Overseas				629,401	631,187
					731,862	733,938
7	RAI Collection -income
	(Photographs, films and archives)
	Photographic collection				42,391	26,588
	Ethnographic film				24,412	79,327
					66,803	105,915
8	Education programme	-Income
	Income from conference				45,679
	Other income				448	6,765
					46,127	6,765

						2020	2019
9	Policy and Profile		- expenditure
	Activities and	other expenses				15,869	44,892
	Grants payable					3,081	23,255
	Staff costs					43,914	42,566
	Support costs					64,850	66,150
						127,714	176,863
10	Fellowship and	Membership			-expenditure
	Staff costs					27,546	26,740
	Support costs					39,041	37,841
						66,587	64,581
11	Publications -expenditure
	JRAI &AT institutional			subscriptions
	retained by Wiley					191,204	191,433
	JRAI editorial	costs				35,780	24,830
	Anthropology	Today editorial costs				45,533	44,843
	Anthropological		Index Online			67,328	76,357
	Support costs					23,424	22,712
						363,269	360,175
12	RAI Collection -	expenditure
	Ethnographic	film				40,629	82,433
	Photographic	collection		&	archives	78,859	80,757
	Support costs					38,488	33,127
						157,976	196,317
13	Library - expenditure
	Book purchases		and subscriptions			29,985	32,707
	Staff costs					14,191	13,812
	Support costs					13,013	12,618
						57,189	59,137
14	Education -expenditure
	Staff costs					36,545	35,473
	Other expenses					5,559	12,240
	Support costs					88,491	85,793
						130,595	133,506

			(	(	(	(	A Company l	A Company l	imited	imited	by Guarant	by Guarant	ee)
			Notes to the financial				statements		-year		ended 31		December 2020
15	Expenditure							Direct costs					Support	2020	2019
								Stafff			Otherf		costs F	Totalf	Total f.
	Policy and Profile							43,914			18,950		64,850	127,714	176,863
	Fellowship and Membership							27,546					39,041	66,587	64,581
	Publications							123,714			216,131		23,424	363,269	360,175
	RAI Collection							98,878			20,610		38,488	157,976	196,317
	Library							14,191			29,985		13,013	57,189	59,137
	Education Programme							36,545				5,559	88,491	130,595	133,506
	Total expenditure							344,788			291,235		267,307	903,330	990,579
16	Support costs							General		Governance			2020	2019	Basis of
								supportf			function		Total f	Total F	Allocation
	Staff							169,214				7,051	176,265	161,602	Staff time
	Pn.mises							12,803				533	13,336	19,529	Staff time
	General office							67,838				2,826	70,664	71,196	Staff time
	Auditor's remuneration											2,389	2,389	2,325	Governance
	Other expenses											4,653	4,653	3,589	Governance
								249,855				17,452	267,307	258,241
17	Governance function												2020	2019
													f
	Auditor's remuneration												2,389	2,325
	Staff time relating	to trustee meeting				matters							7,051	6,464
	Support costs												8,012	7,220
													17,452	16,009
18	Members ofthe Council
	None ofthe members		ofthe Council			(or any persons connected					with	them)	received any remuneration
	during the year, and no travel				expenses were		paid.
19	Employees												2020	2019
	Number ofemployees												Numbers	Numbers
	Publications												5	5
	Library												1
	RAI Collection												5	5
	Education												1	1
	Other												5	5
													17	17
	Employment	costs											f	F
	Salaries												444,015	446,103
	Social security	costs											33,703	28,425
	Pension costs												46,488	48,073
													524,206	522,601
	The number ofemployees				whose annual		remuneration			was	f60,000or more were:
													2020	2019
	F70,000-F80,000												0	1
	F80,000-F90,000												1	0
	The key management			personnel		is made	up ofthe following				positions		within the organisation:
	CEO, Assistant Director (Finance 8 Personnel)							and Assistant			Director		(Administration)
													2020	2019
													f	f
	Salaries												185,037	180,317
	Pension costs												19,280	20,666
													204,317	200,983
										24

Tangible fixed asse	ts
		Freehold	Furniture		Computers
		Property	and		and
			Equipment		Accessories	Total
Cost
Balance as at 1 January 2020		669,801	52,023		18,083	739,907
Additions					0	0
Balance as at 31 December 2020		669,801	52,023		18,083	739,907
Depreciation
Balance as at 1 January 2020			45,844		14,265	60,109
Charge for the year				927	2,021	2,948
Balance as at 31 December 2020			46,771		16,286	63,057
Net book value
as at 31 December	2020	669,801	5,252		1,797	676,850
as at 31 December	2019	669,801	6,179		3,818	679,798
Freehold property
The freehold property	is used as follows:
Charitable activities		83%
Rental income		17%

	It is not considered appropriate	to	attribute	a specific value to these heritage assets due to the significant cost that	a specific value to these heritage assets due to the significant cost that	a specific value to these heritage assets due to the significant cost that
	would be incurred in establishing		a valuation	which would far outweigh	the benefit to users ofthe accounts.
21	Freehold investment property				2020	2019
					K
	Fund value at 1 January 2020				1,060,580	1,023,589
	Addition					36,991
	Revaluation (periodic)				6,920
	Fund value at 31 December 2020				5 057 500	1,000,550

	Original cost of investme	Original cost of investme	nts as at 31 December 2020	nts as at 31 December 2020	nts as at 31 December 2020		1,758,648 1,655,098	1,758,648 1,655,098
	Of the above investments,		f1,935,243 (2019:f1,789,786) are UK			investments	listed on a recognised stock
	exchange and f108,592		(2019:f87,737)are non-		UK investments	listed on a	recognised stock exchange.
23	Debtors
	Trade debtors						157,356	157,393
	Other debtors						2,550	16,106
	Prepayments						4,565	4,481
							164471	177,980
24	Creditors - amounts		falling due within one year
	Esperanza Trust	for Anthropological		Research			67,209	195,739
	Emslie Horniman	Anthropological		Scholarship	Fund		62,177	92,666
	Radcliffe Brown	Memorial Fund					6,404	6,730
	Income received	in advance					38,716	34,873
	Trade creditors						42,729	43,061
	Accruals for grants payable						0	22,000
	Taxation and social security						15,493	16,119
	Other creditors						23,403	20,283
							256,131	431,471

Restricted funds (	Con	Con	t'd)	t'd)
The Ruggles-Gate	Gift		for Research		was set up by the late Professor R. Ruggles-Gates	and augmented	by
					his widow Mrs L.Ruggles-Gates, and provides grants for research		in
					biological anthropology.
.The Anthropologists'		Fund for			(founding sponsor Dr George Appell) was created	to manage a
Urgent Anthropological					programme of fellowships, in support of ethnographic research on
Research (USA)					currently threatened indigenous peoples, cultures	and languages.
Van de Ven cataloguing				project	was set up in 2018from a legacy out ofthe Ariadne Van der Ven
					estate to pay for the cataloguing ofthe 'Van de Ven collection'.
W BFagg Fund					funds received from the WB Fagg Trust to support	the RAI Collection
					at 50 Fitzroy Street and various other projects.
The Esperanza Allocation					holds the funds allocated by the Esperanza Trust	to RAI activities
The Amaury Talbot	Prize			Fund	was established in memory ofthe late Percy Amaury Talbot to fund		an
					annual prize for the best work on Anthropology of	Africa.
Designated Funds
The Fixed Assets Fund					was established to hold the Institute's fixed assets	and investment
					property as described in notes 20 and 21.
Property Maintenance			Fund		was set up to build up reserves for any future property maintenance
					requirements.
.The Library Reserve		Fund			was established to assist the Library in expanding	its book collection
					and is funded from the sale of books surplus to requirements.
Website Development			Fund		was established to provide for future expenditure	on our web presence.
The Firth Bequest	Fund				is based on a bequest by Sir Raymond Firth, who	died in 2002, and
					is to'be used to support the annual Firth award.

		FOR THE YEAR	ENDED 31 DECEM	BER 2019
			Unrestricted	Designated	Restricted	2018
			Funds	Funds	Funds	Total
					K
INCOME
Donations and grants			34,150		71,746	105,896
Investment income			93,082	93	2,411	95,586
Other income			10,255			10,255
Income from charitable	activities:
Fellowship and Membership			93,737			93,737
Publications			733,938			733,938
RAI Collection			105,915			105,915
Education Programme			6,765			6,765
TOTAL INCOME			1,077,842	93	74,157	1,152,092
EXPENDITURE
Expenditure on charitable		activities:
Policy and Profile			135,013		41,850	176,863
Fellowship and Membership			64,581			64,581
Publications			360,175			360,175
RAI Collection			182,437		13,880	196,317
Library			59,137			59,137
Education Programme			131,706		1,800	133,506
TOTAL EXPENDITURE			933,049		57,530	990,579
Net income/(expenditure)		for the year	144,793	93	16,627	161,513
I oss on investments			81,283	284	14,240	95,807
Transfers between funds			(34,826)	34,826
Net movement in funds			191,250	35,203	30,867	257,320
Fund balances at 1 January		2019	881,783	1,810,688	1,208,715	3,901,186
Fund balances at 31December 2019			1,073,033	1,845,891	1,239,582	4,158,506