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2022-04-30-accounts

Trustees listed on pages 10 to 11ofthis to 11ofthis to 11ofthis 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
Investment Advisers Smith &Williamson Investment Management
25 Moorgate
London
EC2R 6AY
CCLA Investment Management
Senator House, 85
Queen Victoria Street
London
EC4V 4ET
Sarasin and Partners LLP
Juxon House, 100 St. Paul's Churchyard,
London
EC4M 8BU

16months to 12months to
Unrestricted Designated Restricted 30 April 2022 31 Dec 2020
Funds Funds Funds Total Total
Notes 6 F 6 F
INCOME
Donations
and grants		 12,782 56,774 69,556 30,287
Investment
income		 126,033 197 16,619 142,849 143,296
Miscellaneous
fees		 6,088 6,088 6,014
Income from charitable activities:
Fellowship
and Membership		 108,858 108,858 98,012
Publications 668,718 668,718 731,862
RAI Collection 111,142 111,142 66,803
Education
Programme		 59,079 59,079 46,127
TOTAL INCOME 1,092,700 197 73,393 1,166,290 1,122,401
EXPENDITURE
Expenditure
on charitable		 activities:
Policy and Profile 9 118,902 40,315 159,217 127,714
Fellowship
and Membership		 10 67,450 67,450 66,587
Publications 11 346,936 346,936 363,269
RAI Collection 12 166,606 9,784 176,390 157,976
Library 13 57,251 57,251 57,189
Education
Programme		 14 106,999 5,000 111,999 130,595
TOTAL EXPENDITURE 16 864,144 55,099 919,243 903,330
Net income for the year 228,556 197 18,294 247,047 219,071
Gain/(loss)
on investments		 26,27 213,428 891 75,329 289,648 64,599
Transfers
between
funds		 26 (54,079) 54,079
Net movement
in funds		 387,905 55,167 93,623 536,695 283,670
Fund balances at 1 January 2021 1,311,486 1,850„014 1,280,676 4,442,176 4,158,506
1,699,391 1,905,181 1,374,299 4,978,871 4,442,176
Donation
on transfer ofAssets 8 Liabilities		 26 (1,699,391) (1,905,181) (1,374,299) (4,978,871)
Fund balances at 30April 2022 4,442,176

16months to 30April 2022 12months to 31 Dec 2020
Cash flow from operating activities
Net movement
in funds		 247,047 219,071
Add back depreciation
charge		 2,846 2,948
Deduct investment
income		 (142,849) (143,296)
Decrease (increase)
in debtors		 (2,163) 13,509
Increase (decrease)
in creditors		 26,043 (175,340)
Net cash generated
from		 operating activities 130,924 (83,108)
Cash flows from investing activities
Purchase offixed assets (1,925)
Listed investment
activities
Purchase of listed investments (1,182,699) (180,128)
Sale of listed investments 781,967 71,495
Investment
income		 142,849 (257,883.00) 143,296 34,663
Net decrease
in cash and		 cash equivalents (128,884) (48,445)
Transfer to RAI Royal Charter body (616,767)
Cash at 1 January 2021 745,651 794,096
Cash at 30April 2022 745,651

16 months
to		 12 months
to
30April 2022 31 Dec 2020
E E
2 Voluntary
income and		 grants received
Voluntary
income
Gifts in kind of journals to the Institute 10,825 12,270
Other donations 1,957 405
Grants receivable
Curl Bequest Fund 2,046 1,612
Anthropologists' Fund for Urgent Anthropological Research
(USA) in respect of research 38,617
W BFagg Charitable Trust 111
Esperanza
Trust		 for Anthropological Research 16,000 16,000
69,556 30,287
3 Investment
income
Rental income 78,946 85,654
Dividend
income		 63,779 56,885
Interest income 124 757
142,849 143,296
4 Iwiscellaneous
fees		 6,088 6,014
5 Fellowship
and Membership		 income
Fellows'
8 members'		 subscriptions 108,858 98,012
Gift Aid
108,858 98,012
Geographical
allocation
United
Kingdom		 59,872 53,907
Overseas 48,986 44,105
108,858 98,012
The numbers
of Fellows,		 Members and Student Fellows of the Institute at 31 December 2021 were
1843(2020:1,714).
6 Publications,
subscriptions		 and sales - income
Subscriptions
JRAI and AT institutional subscriptions collected by Wiley 447,571 488,351
Anthropological
Index Online		 186,186 202,965
Royalties, permission and advertising fees 34,961 40,546
668,718 731,862
Geographical
allocation
United
Kingdom		 93,621 102,461
Overseas 575,097 629,401
668,718 731,862
7 RAI Collection - income
(Photographs,
films and archives)
Photographic
collection		 40,255 42,391
Ethnographic
film		 70,887 24,412
111,142 66,803
8 Education
programme		 -Income
Income from conference 54,248 45,679
Other income 4,831 448
59,079 46,127
16months
to		 12 months
to
30April 2022 31 Dec 2020
E E
9 Policy and Profile - expenditure
Activities
and		 other expenses 11,315 15,869
Grants payable 37,530 3,081
Staff costs 44,142 43,914
Support costs 66,230 64,850
159,217 127,714
10 Fellowship
and		 Membership
-expenditure
Staff costs 27,681 27,546
Support costs 39,769 39,041
67,450 66,587
11 Publications
-expenditure
JRAI &AT institutional subscriptions
retained
by Wiley		 169,908 191,204
JRAI editorial costs 35,676 35,780
Anthropology Today editorial costs 45,221 45,533
Anthropological Index Online 72,267 67,328
Support costs 23,864 23,424
346,936 363,269
12 RAI Collection - expenditure
Ethnographic film 59,670 40,629
Photographic collection &archives 80,678 78,859
Support costs 36,042 38,488
176,390 157,976
13 Library - expenditure
Book purchases and subscriptions 29,741 29,985
Staff costs 14,255 14,191
Support costs 13,255 13,013
57,251 57,189
14 Education
-expenditure
Staff costs 11,260 36,545
Other expenses 10,590 5,559
Support costs 90,149 88,491
111,999 130,595

No te s to th e financ ial
sta		 tement s
- p		 erio d en d ed 30 April 2022
16months to 12months to
30 April 2022 31 Dec 2020
15 Expenditure Direct costs Support
Stafff Other
f		 costsf Total
f		 Totalf
Policy and Profile 44,142 48„845 66,230 159,217 127,714
Fellowship
and		 Membership 27,681 39,769 67,450 66,587
Publications 128,652 194,420 23,864 346,936 363,269
RAI Collection 123,731 16,617 36,042 176,390 157,976
Library 14,255 29,741 13,255 57,251 57,189
Education
Programme		 11,260 10,590 90,149 111,999 130,595
Total expenditure 349,721 300,213 269,309 919,243 903,330
16 Support costs Basis of General Governance
Allocation support
f		 function Total
f		 Total
f
Staff Staff time 172,641 7,194 179,835 176,265
Premises Staff time 14,122 589 14,711 13,336
General
office		 Staff time ' 67,778 2,824 70,602 70,664
Auditor's
remuneration		 Governance 2,558 2,558 2,389
Other expenses Governance 1,603 1,603 4,653
254,541 14,768 269,309 267,307
17 Governance
function
f
Auditor's
remuneration		 2,558 2,389
Staff time relating to trustee meeting matters 7,194 7,051
Support costs 5,016 8,012
14,768 17,452
18 Employees
Number ofemployees Numberi Numbers
Publications 5 5
Library 1 1
RAI Collection 5 5
Education 1
Other 5 5
17 17
Employment costs f
Salaries 449,896 444,015
Social security costs 32,822 33,703
Pension costs 46,827 46,488
529,545 524,206
The number
ofemployees		 whose annual remuneration was
f60,000 or more were:
f80,000-F90,000
The key management personnel is made up of the following positions within the organisation:
CEO, Assistant Director (Finance & Personnel) and Assistant Director (Administration)
f f
Salaries 178,432 185,037
Pension costs 20,406 19,280
198,838 204,317

Tangible fixed ass ets
Freehold Furniture Computers
Property and and
Equipment Accessories Total
Cost
Balance as at 1 January 2021 669,801 52,023 18,083 739,907
Additions 1,925 1,925
669,801 52,023 20,008 741,832
Transfer to RAI Royal Charter body (669,801) (52,023) (20,008) (741,832)
Balance as at 30 April 2022
Depreciation
Balance as at 1 January 2021 46,771 16,286 63,057
Charge for the year 788 2,058 2,846
47,559 18,344 65,903
Transfer to RAI Royal Charter body (47,559) (18,344) (65,903)
Balance as at 30 April 2022
Net book value
as at 30April 2022
as at 31 December 2020 669,801 5,252 1,797 676,850
Freehold property
The freehold
property
is used		 as follows:
Charitable
activities		 83%
Rental income 17%
The entire property is accounted for as property within tangible fixed assets as the resulting portions could not be
Photographic
collection, wor		 k s ofart, manuscripts
and archives		 s ofart, manuscripts
and archives		 s ofart, manuscripts
and archives		 s ofart, manuscripts
and archives
It is not considered
appropriate		 to attribute 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		 f
Fund value at 1 January 2021 1,067,500 1,060,580
Revaluation
(periodic)		 6,920
Transfer to RAI Royal Charter body (1,067,500) (1,067,500)
Fund value at 30 April 2022 1,067,500
16months to 12months to
30 April 2022 31 Dec 2020
f f
22 Listed investments
Fund value at 1 January 2021 2,043,835 1,877,523
Disposals at opening book value (781,967) (71,495)
Additions
at cost		 1,182,699 180,128
Change
in the value		 in the year 289,648 57,679
Transfer to RAI Royal Charter body (2,734,215)
Fund value at 30 April 2022 2,043,835
Original cost of investments
as at		 31 December 2021 1,758,648
23 Debtors
Trade debtors 152,334 157,356
Other debtors 2,550
Prepayments 14,300 4,565
Transfer to RAI Royal Charter body (166,634)
164,471
24 Creditors
- amounts		 falling due within one year
Esperanza
Trust for		 Anthropological Research 91,471 67,209
Emslie Horniman
Anthropological		 Scholarship Fund 48,371 62,177
Radcliffe Brown Memorial
Fund		 5,412 6,404
Income received
in advance		 36,559 38,716
Trade creditors 46,894 42,729
Taxation and social security 9,508 15,493
Other creditors 43,959 23,403
Transfer to RAI Royal Charter body ~(282,174
256,131

Biological Anthropology Biological Anthropology Grants Grants provides
small grants for research
in Biological Anthropology
The Anthropologists' Fund for (founding
sponsor
Dr George Appell) was created to manage a
Urgent Anthropological programme
offellowships,
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 of the 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 of the late Percy Amaury
Talbot to fund an
annual
prize for the best work on Anthropology
ofAfrica.
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 &Archive Reserve Fund was established
to assist the Library
in expanding
its book collection
and to fund the writing ofthe history ofthe Institute.
Website Development Fund was established
to provide for future expenditure
on our web presence.
Conference
Fund		 has been established
to provide for future conference expenditure.
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.

Unrestricted Designated Restricted 2020
Funds Funds Funds Total
K
INCOME
Donations
and grants		 12,675 17,612 30,287
investment
income		 112,540 96 30,660 143,296
Other income 6,014 6,014
Income from charitable activities:
Fellowship
and Membership		 98,012 98,012
Publications 731,862 731,862
RAI Collection 66,803 66,803
Education
Programme		 46,127 46,127
TOTAL INCOME 1,074,033 96 48,272 1,122,401
EXPENDITURE
Expenditure
on charitable		 activities:
Policy and Profile 118,738 8,976 127,714
Fellowship
and Membership		 66,587 66,587
Publications 363,269 363,269
RAI Collection 122,823 35,153 157,976
Library 57,189 57,189
Education
Programme		 121,295 9,300 130,595
TOTAL EXPENDITURE 849,901 53,429 903,330
Net income/(expenditure) for the year 224,132 96 (5,157) 219,071
Gain on investments 11,373 6,975 46,251 64,599
Transfers
between
funds		 2,948 (2,948)
Net movement
in funds		 238,453 4,123 41,094 283,670
Fund balances at 1 January 2020 1,073,033 1,845,891 1,239,582 4,158,506
Fund balances at 31 December 2020 1,311,486 1,850,014 1,280,676 4,442,176