##
##
##
##
|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|