##
##
##
##
|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|