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2021-03-31-accounts

Charity Registration No. 313940

`

Company registration No. 00477436 (England and Wales)

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

CONTENTS

Reference and Administrative Details 1
Report of the Council of Management 2 - 11
Independent Examiner’s Report 12 - 13
Statement of Financial Activities 14
Balance Sheet 15
Statement of Cash Flows 16
Notes to the Accounts 17 - 46

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

REFERENCE AND ADMINISTRATIVE DETAILS

LEGAL NAME PUBLIC NAME

British Institute of Archaeology at Ankara British Institute at Ankara

REGISTERED OFFICE AND PRINCIPAL ADDRESS

The British Academy 10 Carlton House Terrace London SW1Y 5AH

BANKERS

Royal Bank of Scotland London City Office 62-63 Threadneedle Street London EC2R 8LA

INDEPENDENT EXAMINERS

INDEPENDENT EXAMINERS WMT Chartered Accountants Verulam Point Station Way St Albans AL1 5HE REGISTERED CHARITY 313940 REGISTERED COMPANY 00477436 (England and Wales) WEBSITE ADDRESS www.biaa.ac.uk

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BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

REPORT OF THE COUNCIL OF MANAGEMENT FOR THE YEAR ENDED 31 MARCH 2021

The Council of Management submit their report together with the independently examined accounts of the Institute for the year ended 31 March 2021. This report constitutes a Directors’ Report as required by the Companies Act 2006.

COUNCIL OF MANAGEMENT

The following served as members of the Council of Management for all, or part of the year ended 31 March 2021, as more fully explained below.

Professor Stephen Mitchell (Chair) Professor Jim Crow (Vice Chair) Dr Warren Eastwood (Honorary Secretary) Dr Natalie Martin (Deputy Honorary Secretary) Mr Anthony Sheppard (Honorary Treasurer) Mr Kamran Hashemi (Deputy Honorary Treasurer, appointed on 9 December 2020) Professor Scott Redford (Appointed on 9 December 2020) Dr Catherine Draycott Dr Tamar Hodos Dr Ceyda Karamursel Dr Ziya Meral Dr Aylin Orbasli Dr Delwen Samuel Dr Michael Talbot

Member(s) of BIAA Council rotating off as of December 2020: Professor William Hale

PRESIDENT

Professor David Hawkins

VICE PRESIDENTS

Sir Timothy Daunt Sir Matthew Farrer Sir David Logan

DIRECTOR

Dr Lutgarde Vandeput

LONDON MANAGER

Miss Laura Paterson

OBJECTIVES AND ACTIVITIES

The principal objectives of the Institute during the year remained to support, promote, facilitate and publish British research focused on Turkey and the Black Sea littoral in all academic disciplines within the arts, humanities and social sciences, and to maintain a centre of excellence in Ankara focused on fields including archaeology, ancient and modern history, heritage management, social sciences and contemporary issues in public policy and political sciences.

A summary of the Institute’s achievements and performance in the UK, Turkey and the Black Sea region during the year is set out below.

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BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

REPORT OF THE COUNCIL OF MANAGEMENT FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Institute is a company limited by guarantee and a charity registered in England and Wales.

The members of the Council of Management are the directors of the company and the trustees of the charity. They therefore have responsibility under the Institute’s Articles of Association (as altered by special resolution passed on 6 December 2004, 17 November 2015, and 9 December 2020) for the management of the Institute. The Council of Management consists of six Officers (Chair of the Council, Vice Chair, Honorary Secretary, Deputy Honorary Secretary, Honorary Treasurer and Deputy Honorary Treasurer) and not less than five, but not more than eight, Elected Members, each elected for a period of four years. As vacancies arise, nomination forms for members of the Council of Management, including the Honorary Secretary and Honorary Treasurer but not the Chair are sent annually to all members of the Institute. Elections take place at the AGM. The Chair, however, is appointed by the Council of Management. The appointment of a new Chair must be endorsed at the AGM following the appointment. New members of the Council of Management are given every assistance to undertake these responsibilities effectively. Several committees advise the Council of Management on various aspects of the Institute’s affairs.

The offices in London and Ankara are staffed by paid employees of the Institute who report to the Council of Management. Day to day management of the Institute is delegated to the Director, while administrative matters are handled by the London Manager and administrative staff in Ankara. The Director and London Manager work closely with the Honorary Officers.

Trustees determine remuneration of academic and management staff based on market conditions. Rates of pay for the Director, Assistant Director and London Manager are derived from the relevant UCL academic and administrative pay scales. Pay rises are approved by trustees, if required as part of an annual review.

STATEMENT ABOUT GRANTMAKING POLICY

All applications are assessed against written and publicly available criteria. Applications are judged on their academic merit through a stringent process of peer review by appropriate experts. Application forms, references and, where appropriate, external assessments are considered by the Research Committee of the Institute. Members of the Institute’s Research Committee and, where appropriate, external assessors evaluate applications on the basis of their academic merit, taking into account originality, the relationship to and volume of research already in the field, the scholarly importance of the research proposed the feasibility of the research programme, the cost-effectiveness, the specificity of the scheme of research and intended outcomes. Recommendations made by the Research Committee are passed to the Council of Management for final decision on all awards.

ACHIEVEMENTS AND PERFORMANCE

Institute activities during 2020/21 closely follow the contours of the Corporate Plan.

RESEARCH

The Institute continued to encourage as wide a scope of high-quality research as can be supported with its financial, practical, and administrative assistance. The Institute supports a small number of thematically focused research programmes, stimulated by current concerns of academic research in the UK as well as internationally; these are known as Strategic Research Initiatives (SRIs). The strategic initiatives which have been supported in 2020/21 are: cultural heritage, society and economy in Turkey; migration, minorities and regional identities; interconnections of peace and conflict: culture, politics and institutions in national, regional and international perspectives; Anglo-Turkish relations in the twentieth century; climate, changes

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BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

REPORT OF THE COUNCIL OF MANAGEMENT FOR THE YEAR ENDED 31 MARCH 2021

and the environment; habitat and settlement in prehistoric, historical and contemporary perspectives; legacy data; using the past for the future.

Fifteen individual projects operating within the strategic research initiatives scheme have been funded. This is a diverse group of projects, structured within clearly defined research initiatives, and the individual projects are as diverse as the major multi-disciplinary research archaeological project at Boncuklu (Neolithic) and Aphrodisias (Classical) to ‘How Emergency Rule Became a Tool of Everyday Government in Turkey, 1923-2002 (Social and Political Sciences)’.

The Institute benefits from the presence of its post-doctoral research fellows in Turkey. On 1 September 2020, Dr Umut Parmaksiz, a social and political theorist, started a 12-month fellowship examining the migration of secular citizens from Turkey to the UK. On 1 September 2020, Dr Gizem-Tongo-OverfieldShaw, a cultural historian who studied at University of Oxford, started a postdoctoral fellowship to support research related to Turkey during the armistice period (1918-1923). Dr Ender Peker, a University of Reading graduate, specialising in climate responsive urban design, started a BIAA research project focused on the challenges of climate responsive urban development in Istanbul, a city challenged with large-scale water management issues.

In March 2021, the BIAA were awarded a grant from the British Academy’s Knowledge Frontiers Scheme 2021: Interdisciplinary Research Programme (Funded by the UK’s Department for Business, Energy and Industrial Strategy). The project ‘Water in Istanbul: Rising to the challenge?’

The research scholarship is an initiative designed to support the development of junior academics. The BIAA appointed Research Scholar, Joshua Britton (31.01.2020 to 31.07.2020), who focused on the archiving of events in the new cloud-based Microsoft Office 365 system, which the institute adopted in September 2019. Mr Liam Devlin continued this work from 23.11.2020 to 31.07.2021 and enriching the extensive digital archive of BIAA projects and events under the Digital Repository Manager’s supervision. On 18.01.2021, Eloise Jones commenced a 12-month research assistantship, working on the cataloguing and digitalisation of the BIAA’s extensive collections.

Nurdan Atalan-Çayırezmez, Digital Repository Manager, continues to set up the BIAA as a regional digital repository and is, in the first instance, standardising and preparing the BIAA’s own digitised collections as showcases to attract projects from elsewhere. Gonca Özger took up the position of Assistant Digital Repository Manager.

The BIAA maintained its role as a supporter, facilitator, and organiser of high-quality UK research in Turkey and the Black Sea region in the Humanities and Social Sciences represented under its SRIs, through research grants to UK-HEI related researchers. The Research Scholarship and fellowships hope to encourage participation by early career scholars in the strategic research initiatives scheme, which support the development of promising students into full academics.

Strategic Research Initiatives Expenditure funded by BIAA

Name Institution Proposed Activity Award
Bachhuber Oxford
University		 Continuation of the KRASP survey of sites in the eastern
Konyaplain		 £3,000
Baird University of
Liverpool		 Boncuklu excavations £11,500

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BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

REPORT OF THE COUNCIL OF MANAGEMENT FOR THE YEAR ENDED 31 MARCH 2021

Blaylock BIAA Gre Amer pottery publication project £4,725
Eastwood University of
Birmingham		 Human‐environment interactions and change along the Büyük
Menderes (Big Meander) River, southwest Turkey.		 £4,995
Erb-Satullo University of
Oxford		 The Structure and Organization of Large Fortress Complexes in
the South Caucasus (1500‐800 BC) (Archaeology: Late
Bronze/EarlyIron age)		 £5,000
Irvine BIAA An integrated bioarchaeological isotope database website £4,264
Motta Northumbria
University		 Searching for pathways of sustainable water management in
the Konya Plain, Turkey		 £2,937
Roberts University of
Plymouth		 The changing climate and water resources of the Konya plain
over the last 15,000 years		 £4,800
Sitaridou University of
Cambridge		 Romeyka Heritage in Contemporary Turkey: Socio‐linguistic
Explorations into Endangerment and Preservation (Cultural
Heritage, Linguistics)		 £6,880
Smith University of
Oxford		 The Tetrapylon Street at Aphrodisias £5,000
Wharton University of
Lincoln		 Armenian antiquities dealers in Constantinople: networks,
working practices and identity (1890s‐1900s)		 £3,900
Whiting University of
Birmingham		 How Emergency Rule Became a Tool of Everyday Government
in Turkey, 1923-2002 (Social and Political Sciences)
£4,970
Total Grants Paid £61,881

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BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

REPORT OF THE COUNCIL OF MANAGEMENT FOR THE YEAR ENDED 31 MARCH 2021

Study Grants (up to £2,000)

Name Institution Proposed Activity Award
Armstrong University of Oxford Study of the Middle and Late Byzantine ceramics from the
excavations of the Satyros monastery at Maltene
(Kuçukyalı),Istanbul
£1,195
Baker Ashmolean
Museum, University
of Oxford
The acropolis of Pergamon in 1302‐1303 according to the
numismatic sources		 £1,235
McClary University of York Reimagining Royal Space: The Kilij Arslan II Kiosk in Konya
and its Lost Interior		 £1,625
Total Study Grants Paid £4,055

Larger Project Expenditure

Name Institution Proposed activity Award
SARAT BIAA Safeguarding Archaeological Assets of Turkey £3,321
HERBARIUM BIAA Herbarium Remount and Digitisation Project £13,669
Archives Project BIAA Digitisation of the BIAA Collections £39,215
£56,205

TOTAL EXPENDITURE ON RESEARCH GRANTS 2019/20: £222,141

BIAA also awards grants to individual Research Fellows, Research Scholars and Research Assistants (£113,604 in 2020/21). Information on grants to institutions and individuals prepared in accordance with Charity Commission reporting requirements appears in Note 4(a) to the Accounts below, but it should be noted that these figures are not directly reconcilable with the list of grants given above.

PUBLICATIONS

The annual issue of the BIAA’s scholarly journal, Anatolian Studies , was published as scheduled in July 2020 by Cambridge University Press. The annual magazine, Heritage Turkey , was published as scheduled in December 2020.

The following volume was published on the BIAA website in our open access Electronic Monograph series: David French: A Life in Anatolian Archaeology, edited by S. Mitchell (BIAA Electronic Monograph 11).

The following volume in the BIAA-IB Tauris Contemporary Turkey series was published: Police Reform in Turkey, by F. Hülagü (February 2021).

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BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

REPORT OF THE COUNCIL OF MANAGEMENT FOR THE YEAR ENDED 31 MARCH 2021

Warren Dockter resigned as Series Editor of the BIAA-IB Tauris Ottoman Empire in the World series. Michael Talbot was appointed as the new Series Editor.

PREMISES AND FACILITIES

The BIAA continued to rent the first and the second floor in an apartment building on Atatürk Bulvarı 154, as its main premises in Ankara. A rented hostel apartment continued to be utilised throughout the year with a constant intake of students and scholars. In London, the Institute’s office remains at the premises of the British Academy in Carlton House Terrace.

STAFF

Dr Lutgarde Vandeput, Director, continued to provide overall academic direction and was responsible for the administration of the Institute in its Ankara premises.

Dr Daniel-Joseph MacArthur-Seal (appointed on 1 September 2019) The Assistant Director remained responsible for the supervision of library administration, providing guidance to the Research Scholar and Post-Doctoral Fellows, and a programme of events related to the Ottoman Empire and modern Turkey.

The Ankara Manager, Gülgün Girdivan, oversaw the day-to-day administrative management of the institute in Ankara. Housekeeper Keziban Çoşgun and Mustafa Balcı, part-time Concierge continued to look after the premises in Ankara.

As in previous years, Gina Coulthard administered the Institute’s annual publications. Laura Paterson has managed the administration of the London office since 14 October 2019.

RESEARCH RESOURCES

The Ankara library and other research resources remained in use. There was a continuing demand from UKbased researchers, the local academic community and, increasingly, scholars from other countries around the world. A key role of the Institute in Ankara is as a regional resource centre and efforts have been made to improve the accessibility of the collections and promote their use. The library catalogue and the archaeological research collections are fully web accessible. Work on the photographic collections and the archives is ongoing.

Burçak Delikan, the Senior Librarian/Resource Manager, oversaw the library throughout the year. The Assistant Librarian Nihal Uzun provided assistance for users of the research collections.

Nurdan Atalan-Çayırezmez continued work in the capacity of Digital Repository Manager. From 1 December 2018 to 30 June 2019 Sergio Giuseppe Russo functioned as an Assistant Digital Repository Manager, a position which Gonca Özger took from 16 March 2020 onwards.

LECTURES AND EVENTS

During 2020/21 the Institute hosted regular virtual lectures in London and Ankara.

Date Event Type of Event Location
02.04.20 New Archaeological Evidence from Neoklaudiopolis Lecture Ankara
23.06.20 Recent Discoveries at Sardis: From the Bronze Age
until the End of Antiquity		 Lecture Online

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BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

REPORT OF THE COUNCIL OF MANAGEMENT FOR THE YEAR ENDED 31 MARCH 2021

21.07.20 Anatolian Studies: Diversity and Inclusivity in
Archaeological Research and Publishing		 Lecture Ankara
28.07.20 New Insights at Aphrodisias: Recent Research and
Discoveries		 Lecture Online
25.08.20 The City of Hartapu: Results of the Türkmen-
Karahöyük Intensive Survey Project		 Lecture Online
22.09.20 The Political Geography of Hartapu’s Kingdom Lecture Online
25-27.09.20 Occupied Istanbul: Urban Politics, Culture, and
Society, 1918-1923		 Workshop Ankara
29.09.20 Re-thinking the Role of Turkey’s Ulema Lecture Online
20.10.20 A Desolate Landscape? Mobility and Interaction in
the Chora of Klazomenai during the Early Iron Age		 Lecture London
17.10.20 Collective, Political and Cultural Memory: Foundation
and Termination Rituals at Toprakhisar Höyük		 Lecture Online
01.12.20 Caracalla and the Divine: Emperor Worship and
Representation in Roman Asia Minor		 Lecture Ankara
15.12.20 Representing the Hidden Heritages of the Greek
Communities of Istanbul		 Conference London
22.02.21 Rural Hinterlands of the Black Sea during the Fourth
Century BCE		 Lecture Online
04.03.21 Feminist Art in the Middle East and Turkey Lecture Online
09.03.21 British-Turkish Relations After Brexit Lecture Zoom
30.03.21 Decoding the Milesian Agro-Pastoral Economy from
Above: Remote Sensing and Metrology		 Lecture Online

FINANCIAL REVIEW

The examined accounts of the Institute for the year ended 31 March 2021 are attached to this report. A review of the transactions and financial position of the Institute is set out below. In contrast to 2019/20, there was an increase of £59,299 in Unrestricted Funds during the year.

FUNDS

British International Research Institutes (BIRI) Funds

The Institute’s principal source of income during the year continued to be grants from the British Academy, under their BIRI programme, which totalled £646,354. Because of the terms of British Academy BIRI grants in force from 2016/7, all BIRI funding is now treated as Restricted Funds.

Alan Hall Memorial Fund

There was £0 net expenditure, leaving the balance at £4,747 at the end of the year.

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BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

REPORT OF THE COUNCIL OF MANAGEMENT FOR THE YEAR ENDED 31 MARCH 2021

Turkish Scholars Fund

After receipt of investment income and gains, the fund balance carried forward increased from £59,555 to £61,672 at the end of the year. No grants were made because of the Covid situation in Turkey and the UK.

Professor O.R. Gurney Memorial Fund

After receipt of investment income and gains, the fund balance carried forward increased from £44,970 to £46,381 at the end of the year.

Doughty-Wylie Scholarships

The British Community Council of Istanbul has kindly made funds available of up to £2,000 annually to fund scholarships for short term visits to Turkey. Because of the Covid situation, no awards were made this year.

David French Scholarships

The late David French left money, generously supplemented by his family, to fund travel scholarships. At the beginning of the year, the fund stood at £21,100. Because of the Covid situation, no awards were made this year.

Jameson Fund

Dr Shelagh Cannock (née Jameson) made a generous gift of £25,000 in memory of her brother, David Edwin Jameson, the money to be invested and the income to be used to provide travel scholarships to graduate students. Again, because of the Covid situation, no awards were made this year.

In addition, grants for specific projects are treated as restricted funds in the accounts.

INVESTMENT POLICY

Decisions are taken by the Finance Committee on the basis of professional advice, currently from Brewin Dolphin who provide day to day investment management on a discretionary basis. Both short-term and long-term needs of the Institute are taken into account, as well as the effect of inflation on capital and income. Investment performance is reviewed at least annually by the Finance Committee on the basis of reports presented to the Committee. At the request of Council, Brewin Dolphin have been asked as far as possible to avoid investment in armaments companies and to increase holdings in funds invested in companies with a track record in ethical and sustainable business.

For Unrestricted Funds, a balanced approach to investment is adopted, to give a mix of income and capital growth. The Restricted Funds require income from which to make grants. Investments will therefore be oriented towards income with some potential for capital growth and/or capital protection.

There was a net gain in investment values of £70,051, reflecting recovery from the initial economic shock of the pandemic.

STATEMENT ABOUT RISKS AND RESERVES POLICY

The Members of the Council of Management have undertaken a review of the major risks to which the Institute is exposed, and systems designed to mitigate those risks have been considered. The Finance Committee of the Council of Management monitors the level of reserves required. The level of reserves is held at a minimum of £185,000, based on estimates of four months operating costs and the cost of closing the operation in Ankara in an emergency. These reserves are believed to be adequate to cover any deficit and perceived risk areas. As of 31 March 2021, Free Reserves stood at £255,059.

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BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

REPORT OF THE COUNCIL OF MANAGEMENT FOR THE YEAR ENDED 31 MARCH 2021

Council keeps key risks to the Institute's activities under regular review and has developed comprehensive Risk Register. Currently the risks with the highest level of probability are funding, political and regulatory risks, mitigated to some extent by joint lobbying of the British Academy by the BIRI Treasurers and Directors, efforts to reduce Ankara accommodation costs and by maintaining close relations with the British Embassy in Ankara and with the Directorate General of Museums and Monuments. There is also a need to improve procedural documentation, currently hampered by resource constraints.

COVID-19

As a result of the outbreak of Covid-19 in Turkey, the Institute closed to visitors and students on 24 March 2020 and a skeletal presence of staff was re-instated on 15 June 2020. The premises remain closed to the public, however. Moreover, due to worrying developments of the numbers of victims to COVID-19, it is unsure when the premises will re-open to the public.

As a result, three workshops and an international congress had to be postponed or cancelled. Normal excavation seasons have not been possible this summer (2020), although limited work has been undertaken by Turkish colleagues. Constraints on short term research visits to Turkey and the organisation of workshops/conferences are likely to continue for some time. Advice from the local authorities and the British Embassy has been followed throughout. All staff have to date remained safe and well. The most significant direct financial impact has been the loss of hostel and vehicle income in the current year, 2020/1, but this only forms about 1% of BIAA’s total core income.

PLANS FOR FUTURE PERIODS

The principal objectives of the Institute will continue to be to support, promote, facilitate and publish British research focused on Turkey and the Black Sea littoral in all academic disciplines within the arts, humanities and social sciences, and to maintain a centre of excellence in Ankara focused on archaeology, ancient and modern history, heritage management, social sciences and contemporary issues in public policy and political sciences of Turkey.

PUBLIC BENEFIT

Council has complied with the duty in s17 of the Charities Act 2011 to have due regard to the public benefit guidance issued by the Charity Commission.

Details of activities undertaken to fulfil the public benefit requirement are noted throughout this report.

FUNDRAISING

All fundraising activity for BIAA is undertaken by our staff with no professional fundraisers acting on our behalf. We have received no complaints relating to fundraising in the period.

STATEMENT OF COUNCIL OF MANAGEMENT RESPONSIBILITIES

The Council of Management (who are also directors for the purposes of company law) are responsible for preparing the Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Council of Management to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the Council of Management are required to:

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BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

REPORT OF THE COUNCIL OF MANAGEMENT FOR THE YEAR ENDED 31 MARCH 2021

The Council of Management are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements, comply with the governing document, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.

SMALL COMPANY EXEMPTION

Advantage has been taken of the exemptions available to small companies under the Companies Act 2006 in the preparation of this report.

BY ORDER OF THE COUNCIL OF MANAGEMENT

STEPHEN MITCHELL Chair

Date 18 October 2021

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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

I report to the trustees (who are also Directors for the purpose of company law) on my examination of the financial statements of The British Institute of Archaeology at Ankara (‘the charitable company’) for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and related notes.

This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustees of charitable company you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’) and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent examiner’s statement

Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA (continued)

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Elizabeth Irvine FCA

For and on behalf of WMT

Chartered Accountants Verulam Point Station Way St Albans AL1 5HE

19 October 2021

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BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
Funds
£
Restricted
Funds
£
Total
Funds
2021
£
Total
Funds
2020
£
Income and endowments from:
Donations and legacies:

Donations and
appeals		 5,363
44,964
50,327
30,042
Grants
3(a)		 11,162
651,354
662,516
958,860
Subscriptions 11,230
-
11,230
10,496
Grant repayable -
-
-
2,024

Charitable activities:
Publications 7,905
-
7,905
6,353
Rent 1,795
-
1,795
36,123
Investments
3(b)		 5,073
3,528
8,601
10,182
Total 42,528
699,846
742,374
1,054,080
Expenditure on:
Raising funds
4(b)		 1,454
33,509
34,963
50,705


Charitable activities
Grants
4(a)		 8,059
184,976
193,035
137,116
29,286
499,681
528,967
793,134
Other charitable
activities
4(b)
Total 38,799
718,166
756,965
980,955
Gains and losses on revaluations and
disposals of investment assets:
Unrealised
8		 55,182
12,546
67,728
(32,088)
Realised
8		 388
1,935
2,323
11
Net gains/ (losses) on
investments		 55,570
14,481
70,051
(32,077)
Net income /(expenditure) 59,299
(3,839)
55,460
41,048
Net movement in funds 59,299
(3,839)
55,460
41,048
Reconciliation of funds
Total funds brought forward		 269,265
251,765
521,030
479,982
Total funds carried forward 328,564
247,926
576,490
521,030

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BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

BALANCE SHEET AS AT 31 MARCH 2021

Notes 2021
£		 2020
£
FIXED ASSETS
Tangible assets
7		 73,505 78,262

Investments
8		 365,381 268,340
438,886 346,602
CURRENT ASSETS
Stock of publications
14,719		 10,717
Debtors
9
19,299		 19,454
Cash at bank and in hand
10
320,599		 302,123
354,617 332,294
CREDITORS:amounts falling due
within one year
11
(114,520)		 (24,037)
Net current assets 240,097 308,257
Total assets less current liabilities 678,983 654,859
Provision for post employment benefits
12		 (102,493) (133,829)
NET ASSETS 576,490 521,030
REPRESENTED BY:
Unrestricted funds
13		 328,564 269,265
Restricted funds
14		 247,926 251,765
576,490 521,030

The charity was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements are prepared in accordance with the special provisions applicable to companies subject to the small companies’ regime.

Under Companies Act 2006, s454, on a voluntary basis, the trustees can amend these financial statement if they subsequently prove to be defective.

………………………………………………………

A.R.R.Sheppard

Approved by the Members of the Council

Company registration no. 00477436 Charity registration no. 313940

Date 18 October 2021

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BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

Cash flows from operating activities
Net income / (expenditure) for the year
Adjustments for:
Depreciation on equipment
Investment income
Losses / (gains) on investments
(Increase) / reduction in stock
(Increase) / reduction in debtors
Increase / (reduction) in creditors
Increase / (reduction) in provisions
Net cash provided / (used) in operating activities
Cash flows from investing activities
Purchase of investments
Proceeds from sale of investments
Purchase of tangible fixed assets
Investment income
Net cash generated by / (used in) investing activities
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Cash and cash equivalents is made up of the following:
Cash at bank and in hand
Cash held as part of investments (note 8)
Total
Changes in net debt
Cash at bank and in hand
Cash held as part of investments		 2021
£
55,460
12,948
(8,601)
(70,051)
(4,002)
155
90,483
(31,336)
45,056
(46,467)
27,211
(8,191)
8,601
(18,846)
306,421
332,631
320,599
12,032
332,631
At 1.4.20
£
Cash
flows
£
302,123
18,476
4,298
7,734		 2020
£
41,048
10,218
(10,182)
32,077
7,696
1,696
(388)
10,811
92,976
(27,422)
27,465
(4,789)
10,182
5,436
208,009
306,421
302,123
4,298
306,421
At 30.3.21
£
320,599
12,032
306,421
26,210		 332,631

16

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

a) Basis of preparation

The Institute meets the definition of a public benefit entity under FRS 102. The financial statements have been prepared under the historical cost convention as modified by certain fixed assets being held at fair value, in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) (Second Edition) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.

The preparation of financial statements in compliance with SORP 2015 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the accounting policies (see note 2).

The following principal accounting policies have been applied:

b) Stock

Stock of publications has been included at the lower of cost or net realisable value. The cost of monographs includes the cost of printing. The cost of the journal includes the cost of printing and the estimated cost of typesetting based on the amount of time involved in typesetting.

c) Tangible fixed assets, including heritage assets Tangible fixed assets acquired after 31 March 1995, (other than heritage assets), are capitalised in the accounts and stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: -

Motor Vehicles - 25% reducing balance
Computer and survey equipment - 33 1/3 % straight line
Library refurbishment - 33 1/3 % straight line
Security equipment - 33 1/3 % straight line
Head office refurbishment - over the lease term

The library is considered to be a heritage asset; held and maintained principally for its contribution to knowledge and culture. It is not valued in the balance sheet as there is not reliable historical information on its cost and a conventional valuation would be overly onerous to conduct and given the nature and uniqueness of some of the items held might well prove to be arbitrary. In accordance with the requirements of the SORP books purchased during the year are capitalised if their individual cost is above the capitalisation limit. All other book purchases are charged to the income statement.

17

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

d) Valuation of Investments

Investments are carried at market value with any unrealised gains and losses being included in the Statement of Financial Activities and allocated between restricted and unrestricted funds.

The proportion of investment income relating to restricted funds is retained for use within restricted funds.

e) Debtors

Short term debtors are measured at transaction price, less any impairment losses.

f) Cash and Cash equivalents

Cash and cash equivalents comprise cash at bank and in hand and demand deposits with banks.

g) Financial Instruments

The Charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as debtors and creditors.

Financial instruments are initially measured at transaction value. They are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the SoFA.

h) Short term creditors

Short term creditors are measured at the transaction price.

i) Foreign currency translation

The financial statements are presented in Sterling, which is also the functional currency of the Institute.

Direct currency conversions are translated into the functional currency using the exchange rate at the date of the transaction. At each period end foreign currency monetary items are translated using the closing rate. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the SoFA.

18

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

j) Incoming resources

All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income, it is probable that it will be received and the amount can be quantified with reasonable accuracy. All income is gross without deduction for related expenditure. The following specific policies are applied to particular categories of income:

Restricted income is recorded in the SoFA when receivable.

19

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

l) Funds

Unrestricted funds are funds which the trustees are free to use for any purpose in furtherance of the charities objectives. Unrestricted funds include gains and losses from the restatement of investment assets at market values.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or through the terms of an appeal.

m) Going concern

The trustees are not aware of material uncertainties regarding going concern.

n) Pension contributions

The institution participates in Universities Superannuation Scheme. The assets of the scheme are held in a separate trustee-administered fund. Because of the mutual nature of the scheme, the assets are not attributed to individual institutions and a scheme-wide contribution rate is set. The institution is therefore exposed to actuarial risks associated with other institutions’ employees and is unable to identify its share of the underlying assets and liabilities of the scheme on a consistent and reasonable basis. As required by Section 28 of FRS 102 “Employee benefits”, the institution therefore accounts for the scheme as if it were a defined contribution scheme. As a result, the amount charged to the profit and loss account represents the contributions payable to the scheme. Since the institution has entered into an agreement (the Recovery Plan) that determines how each employer within the scheme will fund the overall deficit, the institution recognises a liability for the contributions payable that arise from the agreement (to the extent that they relate to the deficit) with related expenses being recognised through the profit and loss account.

.

20

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

2. JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates

The key source of estimation uncertainty that could have an impact on the financial statements relates to the decision to not capitalise the heritage asset. Note 1c) above gives the explanation for this while note 7 provides more information about the asset itself

FRS 102 makes the distinction between a group plan and a multi-employer scheme. A group plan consists of a collection of entities under common control typically with a sponsoring employer. A multi-employer scheme is a scheme for entities not under common control and represents (typically) an industry-wide scheme such as Universities Superannuation Scheme. The accounting for a multiemployer scheme where the employer has entered into an agreement with the scheme that determines how the employer will fund a deficit results in the recognition of a liability for the contributions payable that arise from the agreement (to the extent that they relate to the deficit) and the resulting expense in profit or loss in accordance with section 28 of FRS 102. The trustees are satisfied that Universities Superannuation Scheme meets the definition of a multi-employer scheme and has therefore recognised the discounted fair value of the contractual contributions under the recovery plan in existence at the date of approving the financial statements.

3. INCOMING RESOURCES

a) Grants from government and other bodies
BIRI Research Grant
BIRI Library Grant
BIRI Communications Grant
BIRI Core Grant
BIRI Contingency Grant
BA Business Development Fund
SARAT Grant
Nahrein Project
Boncuklu Fund
Other Grants
b) Investment Income
Bank interest
Income from investments		 2021
Unrestricted
2021
Restricted
2021
Total
2020
Total
£
£
£
£
-
317,641
317,641
261,735
-
34,660
34,660
32,000
-
10,409
10,409
32,000
-
151,567
151,567
184,469
-
49,601
49,601
75,566
-
82,476
82,476
81,257
-
-
-
279,433
-
-
-
12,400
-
5,000
5,000
-
11,162
-
11,162
-
11,162
651,354
662,516
958,860
101
-
101
385
4,972
3,528
8,500
9,797
5,073
3,528
8,601
10,182

21

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

4.
RESOURCES EXPENDED
2021
Unrestricted
£
2021
Restricted
£
a)
Cost of charitable activity –
grants payable
To individuals
8,059
105,546
To institutions
-
79,430
8,059
184,976
Grants in excess of £2,000 were payable to the following institutions:
University of Oxford - Smith, Bachhuber,
Erb-Satullo
University of Liverpool – Asouti, Baird,
Ankan
University of Cambridge –Sitaridou
Newcastle University – Maddy, Lekakis
University of Birmingham – Eastwood,
Whiting
Northumbria University – Motta
University of Plymouth - Roberts
Aston University - Gursoy
Warwick University - Unwin
University of Glasgow – Serin
University of Lincoln – Wharton
BIAA – Blaylock, Irvine
Grants to institutions under £2,000
Grants to individuals:
Research Fellows, Research Scholars and Research Assistants
Total grants paid		 2021
Total
£
113,605
79,430
193,035
2021
Grants
Paid
£
13,000
29,831
6,880
-
4,970
2,937
4,800
-
-
-
3,810
8,989
4,213
79,430
113,605
193,035		 2020
Total
£
63,441
73,675
137,116
2020
Grants
Paid
£
17,920
22,998
4,000
2,500
10,837
-
-
3,500
4,000
3,820
-
-
4,100
73,675
63,441
137,116

A full analysis of grants paid is provided in the annual report.

22

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

Direct
Direct Activity Activity
Costs Costs Raising 2021 2020
(Unrestricted) (Restricted) Funds Total Total
£ £ £ £ £
b) Analysis of other
Charitable Activity costs:
Directly allocated costs:
London
Director’s salary pension and
allowances - 87,574 4,609 92,183 95,949
Assistant Director’s salary,
pension and allowances - 34,699 3,855 38,554 43,483
London Manager’s salary
and pension - 37,626 4,181 41,807 37,331
Publication Editor’s salary
and pension 1,827 12,740 - 14,567 14,645
Senior Development
Manager’s salary and - 5,097 20,387 25,484 25,054
pension
Development and - 7,102 - 7,102 -
Communications Assistant
salary
______ ______ ______ ______ ______

Total London Expenditure		 1,827 184,838 33,032 219,697 216,462
_____ ______ ______ ______ ______

Turkey
Hostel expenses 11,340 - - 11,340 8,370
Institute expenses 11,676 35,029 - 46,705 52,625
Salaries and wages 25,393 79,404 - 104,797 99,605
Office and library
expenses - 43,099 - 43,099 33,201
Vehicle expenses 1,547 - - 1,547 1,073
Publication costs 123 - - 123 482
______ ______ ______ ______ ______
Total Turkey Expenditure 50,079 157,532 - 207,611 195,356
______ ______ ______ ______ ______

23

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

Direct
Direct Activity Activity
Costs Costs Raising 2021 2020
(Unrestricted) (Restricted) Funds Total Total
£ £ £ £ £

Other Direct costs
Cultural Heritage
management project - - - - 6,089
Library acquisitions - 14,705 - 14,705 8,606
Publication costs 797 4,940 - 5,737 14,889
Ankara Workshops - (560) - (560) 1,541
Journal & monograph 163 - - 163 508
BDF projects - 74,339 - 74,339 50,189
SARAT project - 25,043 - 25,043 273,328
Nahrein project - - - - 10,358
Herbarium project - 13,699 - 13,699 -
______ ______ ______ ______ ______
Total Other Direct
Costs 960 132,166 - 133,126 365,508
______ ______ ______ ______ ______
Support costs
allocated to
activities:
USS pension deficit
movement (28,851) - - (28,851) 3,499
London office - 644 1,931 2,575 23,241
Bank charges 1,761 - - 1,761 2,602
Audit – Ankara - 9,974 - 9,974 6,979
Audit/IE and accountancy
fees – London - 14,527 - 14,527 19,786
Trustees’ expenses - - - - 2,989
Foreign exchange
differences (9,438) - - (9,438) (2,801)
Depreciation 12,948 - - 12,948 10,218
______ ___ ______ __ __
Total Support Costs (23,580) 25,145 1,931 3,496 66,513
______ ___ ______ __ __
______ ___ ______ __ __
Total Expended 29,286 499,681 34,963 563,930 843,839
______ ___ ______ __ __

24

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

c)Analysis of Governance costs:

Director’s salary, pension and allowances
Assistant Director’s salary, pension and
allowances
London Manager’s salary and pension
Audit and accountancy - London
Audit - Ankara
Trustee expenses
Legal and professional fees
 2021
Total
£
2020
Total
£
13,827
14,392
1,928
2,174
8,361
7,466
8,716
11,872
4,987
3,490
-
2,989
7,197
2,988
45,016
45,371

5. EMPLOYEES

The average monthly number of UK based employees during the year was 2 (2020: 2). In addition there were 9 employees based in Turkey (2020: 9) and the publications manager making a total of 10 employees (2020: 10)

One employee’s salary and benefits fell into the range £70,000 to £80,000 (2020: one).

Staff costs in Ankara totalled £104,797 (2020: £99,605) as disclosed in note-4.

The costs of employing the Director, Assistant Director, London Manager, Publications Editor, Senior Development Manager and Development & Communications Assistant were:

2021 2020
£ £
Salaries and wages 159,323 151,016
National insurance costs 5,107 5,100
Pension costs 36,033 31,756
Other benefits 12,234 21,590
School fees 7,000 7,000
______ ______
219,697 216,462
______ ______

6. KEY MANAGEMENT PERSONNEL

The Institute’s key management personnel comprise the Director, the Assistant Director and London Manager. Their total remuneration including all salaries, pension and other benefits was £172,544 (2020: £176,764).

25

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

7.
TANGIBLE ASSETS
Computer
and Survey Ankara Security Motor
Equipment Refurbishments Equipment Vehicles Total
£ £ £ £ £
COST:
Brought forward 95,978 96,673 20,553 16,157 229,361
Additions in the year 8,191 - - - 8,191
______ ______ ______ ______ ______
Carried forward 104,169 96,673 20,553 16,157 237,552
______ ______ ______ ______ ______
DEPRECIATION:
Brought forward 95,481 18,908 20,553 16,157 151,099
Charge in the year 3,228 9,720 - - 12,948
______ ______ ______ ______ ______
Carried forward 98,709 28,628 20,553 16,157 164,047
______ ______ ______ ______ ______
NET BOOK VALUE:
At 31 March 2021 5,460 68,045 - - 73,505
______ ______ ______ ______ ______
At 31 March 2020 497 77,765 - - 78,262
______ ______ ______ ______ ______

All assets are used in the direct charitable activities of the company.

The Institute holds a library of books in Ankara which are considered to be a heritage asset. No professional valuation for the library has been made and Council of Management considers it is not cost effective to obtain such a valuation. As a result no value for the library has been included in these accounts. The costs borne by the Institute in forming the library of books in Ankara are written off annually as they arise unless individual purchases are above capitalization limits. (see details below).

26

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

HERITAGE ASSETS COLLECTION

The library of the British Institute at Ankara is a key asset to the Institute’s reputation and as a Centre of Research Excellence for visiting scholars and students. The library was established with the founding of the BIAA in 1948. It is staffed by a full-time librarian and part-time librarian. The centre houses a library of 25,446 books as well as 28,171 Journal volumes covering 1,239 Journal Titles (including Newsletters and Reports). Furthermore, the library’s collections comprise 1,054 offprints, 82 theses and 455 items of audiovisual material (CD’s, DVD’s). The book collection of the library includes 157 restricted books which are very rare and valuable. Since spring 2010 all research collections have been available on-line. The book and journal collections of the library are insured for £260,000.

The library’s collections are broadly categorized into the following sections:

Archaeological Collections

The Institute building houses the largest archaeological (and associated subjects) library in Ankara. There are currently approximately 53,000 volumes consisting of a broad range of monographs and an exceptional collection of periodicals which cover all archaeological and historical periods. The library also contains a large number of general history, art history, architecture and anthropological books. The Institute library has subscriptions to JSTOR, Dyabola and the Thesaurus Linguae Graecae (TLG) and some other e- journals.

Ottoman and Islamic Collections

With a special grant from the British Academy in 2007, the BIAA now houses a specialist library and reading room for research into the Ottoman and Islamic worlds, including volumes in English, Turkish, and many other languages. The texts include historical, architectural, political and archival texts pertaining to the Ottoman and Islamic worlds and their influence in Anatolia and beyond.

Contemporary Turkey

The BIAA’s library also holds a small collection of books and journals on contemporary Turkey and its immediate environs. This includes books in English, Turkish and other languages. The texts cover the entire range of social science disciplines.

Additionally, there is a large section in the library of the Institute devoted to environmental studies. This includes both reference books and atlases as well as reports, conference proceedings, Ph.D. theses and other publications covering work done in Turkey and a large part of the Middle East, the Black Sea and the Balkans.

27

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

Other materials and collections of the BIAA’s library

The library collections also contain 1,842 maps of different types; geographical, geological, administrative, historical and others. The institute also now has licenses for the use of professional GIS computer applications. Futhermore, the BIAA houses extensive and important collections of squeezes, pottery, bones and seeds and other materials.

There are 3,197 paper squeezes of inscriptions (particularly milestones) from all over Turkey in the library. This collection was assembled largely by David French and the original stone inscriptions are mainly in Greek. An electronic catalogue accompanies the squeezes. The archives of the Institute also contain more than 40,000 pictures in various formats (slides, negative films, prints) that depict archaeological monuments, sites, archaeological artefacts, landscapes and people in the region that is today modern Turkey. The oldest part of this collection goes back to the beginnings of the 20[th] century with the photographs of John Garstang’s surveys of Hittite and Classical Anatolia, while the bulk of the pictures have been taken from the ‘50s to the early ‘90s mainly under the projects sponsored by the BIAA.

The pottery collection was assembled between the 1940s and the 1970s. The total number of items numbers around 4,805 pottery sherds. The majority is fragmentary pottery (and occasional stone items) from surface surveys, such as the Central Anatolian Survey, but there is also sample material from some important excavations carried out in Turkey under the auspices of the British Institute such as Mersin, Hacılar, Beycesultan and Çatalhöyük; and some obsidian from Asıklı Höyük. There are over 1000 boxes of material organized in 3 broad categories; survey, excavation and published material; as well as a ‘study’ and ‘slide’ collection. All periods are represented, from the Neolithic to the Ottoman and although not all types of pottery from Anatolia may be represented, examples of the vast majority of types can be found.

As well as pottery, a limited range of other archaeological material is available. This includes coin impressions and casts, plaster samples, cylinder seal impressions, stamp casts, glass, mortar samples and rock samples. The collection also includes items from Iraq, Greece, Russia, Iran and the Balkan region. In particular this includes obsidian from Asıklı Höyük, and a few scattered stone tools at a range of survey sites of the 1960s and 70s. This is complemented by a small geological collection including obsidian nodules from Ian Todd’s pioneering exploration of obsidian sources in Anatolia.

The BIAA laboratory contains extensive reference collections and has suitable equipment to support a wide range of environmental research. Three rooms are reserved for archaeozoology, for palaeoanthropology and for archaeobotany. There are 3 major collections in the laboratory: the herbarium collection with 2568 specimens; the wood collection which has 80 specimens of modern Turkish trees and shrubs; and the bone collection contains 220 samples (complete and partial) of mammals and birds. Microscopes, measuring devices, scales, geological sieves, a riffle box and computers are available.

28

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

8. INVESTMENTS

. INVESTMENTS
Fund
Unrestricted
Phoenix Fund bond
GAM Star Fund
COIF Income shares
CF Miton UK multi cap
Artemis Institutional equity
Troy
Fundsmith LLP
Vanguard funds
Other investments
Restricted
M&G Charifund
BNY Mellon Asia Pacific
Impala Thames Water bond
RWC Asset Management fund
Maitland
T Bailey fund
Comgest
Princess private equity trust
Octopus renewables
Market value at beginning of year
Purchases
Disposal proceeds
Unrealised gain/(loss) in market value
Realised gain in market value
Investment cash
Market value at end of year		 2021
Cost
£
10,024
10,273
30,000
10,130
10,191
10,365
6,673
7,759
67,747
24,150
10,754
-
-
10,636
11,230
15,460
8,257
11,519		 Market
2020
Value
£
Cost
£
10,130
10,024
10,143
10,273
56,683
30,000
13,073
10,130
10,737
10,191
10,740
10,365
17,740
6,673
16,417
7,759
97,672
71,767
36,810
33,234
13,782
10,754
-
5,051
-
10,475
10,996
10,662
11,409
-
15,395
-
10,222
-
11,400
-		 Market
Value
£
9,529
8,598
47,373
9,178
8,427
10,650
13,742
12,067
70,519
41,128
10,459
4,698
7,018
10,656
-
-
-
-
255,168 353,349
237,358		 264,042
264,042
46,467
(27,211)
67,728
2,323
353,349
12,032
365,381		 296,162
27,422
(27,465)
(32,088)
11
264,042
4,298
268,340

29

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

9. DEBTORS
Prepayments and accrued income
Debtors are all unrestricted.
10. CASH AT BANK AND IN HAND
London
Ankara
Restricted
11. CREDITORS
Amounts falling due within one year:
Deferred income
Accruals and other creditors		 2021
Total
£
19,299
__
2021
£
302,059
1,726
16,814
320,599
2021
Total
£
100,000
14,520
_
114,520
___		 2020
Total
£
19,454
______
2020
£
256,965
10,686
34,472
302,123
2020
Total
£
-
24,037
__
24,037
____

Deferred income relates to a grant received in advance from the British Academy for a research project to commence in 2021/22.

30

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

FOR THE YEAR ENDED 31 MARCH 2021
12. PROVISIONS FOR POST EMPLOYMENT BENEFITS
2021 2020
Total Total
£ £
USS deficit fund 71,696 100,547
Ankara staff severance fund 30,797 33,282
______ ______
Balance carried forward 102,493 133,829
______ ______
Provision for Ankara staff severance
Balance brought forward 33,282 25,970
Increase / (decrease) in provision for the year (2,485) 7,312
______ ______
Balance carried forward 30,797 33,282
______ ______
Provision for USS deficit
Balance brought forward 100,547 97,048
(Decrease) / increase in provision for the year (28,851) 3,499
______ ______
Balance carried forward 71,696 100,547
______ ______

USS Provision

The institution participates in the Universities Superannuation Scheme (USS), a multi-employer defined benefit pension scheme. The total cost charged to the profit and loss account is £36,033 (2020: £31,756).

Deficit recovery contributions due within one year for the institution are £7,271 (2020: £3,415)

The latest available complete actuarial valuation of the Retirement Income Builder is at 31 March 2018 (the valuation date), which was carried out using the projected unit method. A valuation as at 31 March 2020 is underway but not yet complete.

Since the institution cannot identify its share of USS Retirement Income Builder assets and liabilities, the following disclosures reflect those relevant for those assets and liabilities as a whole.

The 2018 valuation was the fifth valuation for the scheme under the scheme-specific funding regime introduced by the Pensions Act 2004, which requires schemes to adopt a statutory funding objective, which is to have sufficient and appropriate assets to cover their technical provisions. At the valuation date, the value of the assets of the scheme was £63.7 billion and the value of the scheme’s technical provisions was £67.3 billion indicating a shortfall of £3.6 billion and a funding ratio of 95%.

The key financial assumptions used in the 2018 valuation are described below. More detail is set out in the Statement of Funding Principles.

31

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

Pension increases (CPI) Term dependent rates in line with the difference between the Fixed Interest and Index Linked yield curves, less 1.3% p.a.

Discount rate (forward rates) Years 1-10: CPI +0.14% reducing linearly to CPI – 0.73% Years 11-20: CPI + 2.52% reducing linearly to CPI + 1.55% by year 21 Years 21 +: CPI + 1.55%

The main demographic assumption used relates to the mortality assumptions. These assumptions are based on analysis of the scheme’s experience carried out as part of the 2018 actuarial valuation. The mortality assumptions used in these figures are as follows:

2018 valuation

Mortality base table:

Pre-retirement 71% of AMC00 (duration 0) for males and 112% of AFC00 (duration 0) for females

Post retirement 97.6% of SAPS S1NMA “light” for males and 102.7% of RFV00 for females

Future improvements to mortality CMI_2017 with a smoothing parameter of 8.5 and a longterm improvement rate of 1.8% pa for males and 1.6% pa for females

The current life expectancies on retirement at age 65 are:

2021 2020
Males currently aged 65 (years) 24.6 24.4
Females currently aged 65 (years) 26.1 25.9
Males currently aged 45 (years) 26.6 26.3
Females currently aged 45 (years) 27.9 27.7

A new deficit recovery plan was put in place as part of the 2018 valuation, which requires payment of 2% of salaries over the period 1 October 2019 to 30 September 2021 at which point the rate will increase to 6%. The 2020 deficit recovery liability reflects this plan. The liability figures have been produced using the following assumptions:

2021 2020
Discount rate 1.1% 1.7%
Pensionable salary growth 1.0% 1.0%

Ankara Staff Severance

The institution employs staff in Ankara and as such is subject to Turkish payroll laws. As part of these regulations a staff severance fund is accruing relating to past employment costs and is payable when certain conditions are met by the employee including leaving the BIAA.

32

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

13. UNRESTRICTED FUNDS

2021 2020
£ £
Balance brought forward 269,265 299,738
Investment gains and losses 55,570 (22,782)
Net incoming/(outgoing) resources 3,729 (2,828)
Transfers between funds - (4,863)
_ _
Balance carried forward 328,564 269,265
_ _

Included within Unrestricted Funds is an amount of £80,205 (2020: £22,935 losses) relating to unrealised gains on investment assets. This represents the accumulated difference between original cost of the unrestricted investments and their market value at the year end.

33

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

14. RESTRICTED FUNDS

BIRI BIRI Comm- BIRI BA Business Prof O.R.
BIRI Research Library unications BIRI Core Contingency Development Alan Hall Turkish Gurney Catal
Grant Grant Grant Grant Grant Grant Memorial Scholars Memorial Publications
Income
Grants 317,641 34,660 10,409 151,567 49,601 82,476 - - - -
Donations - - - - - - - - - 6,892
Investment Income - - - - - - - 2,117 1,411 -
______ _____ _____ ______ _____ _____ _____ _____ _____ _____
Total Income 317,641 34,660 10,409 151,567 49,601 82,476 - 2,117 1,411 6,892
______ _____ _____ _ ______ ______ _____ ______ _____ _____
Expenditure
Raising funds 7,440 - - - - 26,069 - - - -
Grants Payable 162,976 - - - - 2,000 - - - -
Other Charitable 147,225 34,660 10,409 151,567 75,566 68,906 - - - 3,676
______ _____ _____ ______ _____ ______ _____ _____ _____ _____
Total Expenditure 317,641 34,660 10,409 151,567 75,566 96,975 - - - 3,676
______ _____ ______ ______ _____ ______ _____ _____ _____ _____
Net incoming/
(outgoing) - - - - (25,965) (14,499) - 2,117 1,411 3,216
Gains & losses on
revaluation and
investment asset		 - - - - - - - 8,251 6,230 -
disposals
Fund B/fwd - - - - 75,566 14,499 4,747 59,555 44,970 -
_____ _____ _____ _____ _____ _____ _____ _____ _____ _____
Fund C/fwd - - - - 49,601 - 4,747 69,923 52,611 3,216
______ _____ _____ ______ _____ ______ _____ _____ _____ _____

34

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

Cultural
Heritage Public
Jameson Management Archaeology David Other Total
Scholarships Project Workshop Herbarium SARAT Boncuklu French Nahrein
Income
Grants - - - - - - - - - 651,354
Donations 25,000 - - 10,000 883 5,000 - - 2,189 44,964
Investment Income - - - - - - - - - 3,528
_ _ _ ______ _ _ ______ _ ______ _
Total Income 25,000 - - 10,000 883 5,000 - - 2,189 699,846
_ _ _ ______ _ _ ______ _ ______ __
Expenditure
Raising funds - - - - - - - - - 33,509
Grants Payable - - - - - - - - - 184,976
Other Charitable - 1,450 4,000 10,000 3,321 8,901 - - - 499,681
______ ______ _ ______ _ ______ ______ ______ ______ ___
Total Expenditure - 1,450 4,000 10,000 3,321 8,901 - - - 718,166
______ ______ _ ______ _ ______ ______ ______ ______ ___
Net incoming/
(outgoing) 25,000 (1,450) - - (2,438) (3,901) - - 2,189 (18,320)
Gains & losses on
revaluation and
investment asset - - - - - - - - - 14,481
disposals
Fund B/fwd - 9,517 6,552 - 5,005 8,212 21,100 2,042 - 251,765
______ ______ _ ______ _ ______ ______ ______ ______ ___
Fund C/fwd 25,000 8,067 2,552 - 2,567 4,311 21,100 2,042 2,189 247,926
______ ______ _ ______ _ ______ ______ ______ ______ ___

35

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

BIRI Prof O.R.
Contingency Alan Hall Turkish Gurney Catal Jameson
Grant Memorial Scholars Memorial Publications
Scholarships
Represented
by:
Investments - - 48,438 36,576 - 25,000
Bank & cash
accounts 49,601 4,747 21,484 16,036 3,216 -
Current assets/
(liabilities) - - - - - -
_____ _____ ______ _____ _____ _____
Total Funds 49,601 4,747 69,922 52,612 3,216 25,000
_____ _____ ______ _____ _____ _____
Cultural
Heritage
Public
Management
Archaeology
Project
Workshop		 SARAT Boncuklu David French Nahrein Other Total
Represented
by:
Investments -
-		 - - - - - 110,014
Bank & cash
accounts 8,067
2,552
2,567		 4,311 21,100 2,042 2,189 137,912
Current assets/
(liabilities) -
-
-		 - - - - -
_
__		 _ __
_		 _ _
_
Total Funds 8,067
2,552
2,567		 4,311 21,100 2,042 2,189 247,926
___ __
__		 _ _ ______ ______ _

36

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

37

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

15. SHARE CAPITAL

The Institute is a company limited by guarantee and has no share capital.

16. RELATED PARTY TRANSACTIONS

No remuneration or other benefits have been paid or are payable to any charity, trustee or connected person in the year to 31 March 2021 (2020: nil), in respect of their responsibilities as Trustees. In the year, no (2020: eight) Trustees were reimbursed expenses (2020: £2,753) relating to travel and accommodation.

In the year Trustees made donations to the charity amounting to £5,800 (2020: £4,965).

No other related party transactions have occurred in either the current or prior year.

17. COMMITMENTS UNDER OPERATING LEASES

At 31st March 2021 the charity had the following commitments under non-cancellable operating leases:

Land and buildings
2021 2020
£ £
Less than one year 12,465 12,465
Between two and five years 49,861 49,861
Greater than five years 22,853 35,318
______ ______
85,179 97,644
---------- _---------
8. FINANCIAL INSTRUMENTS
2021 2020
£ £
Financial assets
Financial assets at fair value through profit or 353,349 264,042
loss – comprised of listed investments

18. FINANCIAL INSTRUMENTS

19. POST BALANCE SHEET EVENT

As a result of the outbreak of COVID-19 in Turkey, the Institute Premises closed to the public. They have re-opened in mid September 2021. The residential accommodation is accepting scholars since the beginning of September 2021.

As a result of the closure, only virtual lectures and panels have taken place since March 2020. Hybrid workshops are being prepared to take place later in the year.

Normal excavation seasons have not been possible in summer 2021 for British excavation teams, because UK HEIs do not allow their staff to travel to Turkey. Turkish scholars involved in British excavations did do work on the respective sites though. Survey project directors have tried to find ways to make a fieldwork season happen in 2021. British scholars acted in response to a letter from the General Directorate of Cultural Heritage and Museums from the Turkish Ministry of Culture and Tourism, which made it clear that two years without project activity would result in loss of the permit.

38

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

20. COMPARATIVE SOFA - YEAR END 31 MARCH 2020

Unrestricted
Funds
£
Restricted
Funds
£
Total
Funds
2020
£
Income and endowments from:
Donations and legacies:

Donations and appeals		 7,612
22,430
30,042
Grants -
958,860
958,860
Subscriptions 10,496
-
10,496
Grant repayable 2,024
-
2,024

Charitable activities:
Publications 6,353
-
6,353
Rent 36,123
-
36,123
Investments 4,580
5,602
10,182
Total 67,188
986,892
1,054,080
Expenditure on:
Raising funds -
50,705
50,705

Charitable activities
Grants 4,837
132,279
137,116
Other charitable activities 65,179
727,955
793,134
Total 70,016
910,939
980,955
Gains and losses on revaluations and disposals of
investment assets:
Unrealised (22,790)
(9,298)
(32,088)
Realised

8
3
11
Net gains/ (losses) on investments (22,782)
(9,295)
(32,077)
Net income /(expenditure) (25,610)
66,658
41,048
Transfers Between funds (4,863)
4,863
-
Net movement in funds (30,473)
71,521
41,048
Reconciliation of funds
Total funds brought forward		 299,738
180,244
479,982
Total funds carried forward 269,265
251,765
521,030

39

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

21. COMPARATIVE RESOURCES EXPENDED - YEAR ENDED 31 MARCH 2020

2020
Unrestricted
£
2020
Restricted
£
a) Cost of charitable activity –
grants payable
To individuals
-
63,441
To institutions
4,837
68,838
4,837
132,279
Grants in excess of £1,000 were payable to the following institutions:
University of Oxford - Smith, Bachhuber,
Erb-Satullo, Lau
University of Liverpool – Asouti, Baird,
Ankan
University of Cambridge - Wilkinson
Newcastle University – Maddy, Lekakis
University of Birmingham – Eastwood,
Brubaker, Williamson-Fa
Astons University - Gursoy
Warwick University - Unwin
University of Glasgow – Serin
UCL - Hassett
Grants to institutions under £1,000
Grants to individuals:
Research Fellows, Research Scholars and Research Assistants
Total grants paid		 2020
Total
£
63,441
73,675
137,116
2020
Grants
Paid
£
17,920
22,998
4,000
2,500
10,837
3,500
4,000
3,820
1,700
2,400
73,675
63,441
137,116

40

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

Direct
Direct Activity Activity
Costs Costs Raising 2020
(Unrestricted) (Restricted) Funds Total
£ £ £ £
b) Analysis of other
Charitable Activity costs:
Directly allocated costs:
London
Director’s salary pension and
allowances - 91,152 4,797 95,949
Assistant Director’s salary,
pension and allowances - 39,135 4,348 43,483
London Manager’s salary
and pension - 33,598 3,733 37,331
Publication Editor’s salary
and pension 5,858 8,787 - 14,645
Senior Development
Manager’s salary and - 5,011 20,043 25,054
pension
______ ______ ______ ______

Total London Expenditure		 5,858 177,683 32,921 216,462
_____ ______ ______ ______


Turkey
Hostel expenses 8,370 - - 8,370
Institute expenses 15,788 36,837 - 52,625
Salaries and wages 24,939 74,666 - 99,605
Office and library
expenses - 33,201 - 33,201
Vehicle expenses 1,073 - - 1,073
Publication costs 482 - - 482
______ ______ ______ ______
Total Turkey Expenditure 50,652 144,704 - 195,356
______ ______ ______ ______

41

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

Direct
Direct Activity Activity
Costs Costs Raising 2020
(Unrestricted) (Restricted) Funds Total
£ £ £ £

Other Direct costs
Cultural Heritage
management project - 6,089 - 6,089
Library acquisitions - 8,606 - 8,606
Publication costs 744 14,145 - 14,889
Ankara Workshops - 1,541 - 1,541
Journal & monograph 508 - - 508
BDF projects - 50,189 - 50,189
SARAT project - 273,328 - 273,328
Nahrein project - 10,358 - 10,358
______ ______ ______ ______
Total Other Direct
Costs 1,252 364,256 - 365,508
______ ______ ______ ______
Support costs
allocated to
activities:
USS pension deficit
movement - 3,499 - 3,499
London office - 5,457 17,784 23,241
Bank charges - 2,602 - 2,602
Audit – Ankara - 6,979 - 6,979
Audit and accountancy fees
– London - 19,786 - 19,786
Trustees’ expenses - 2,989 - 2,989
Foreign exchange
differences (2,801) - - (2,801)
Depreciation 10,218 - - 10,218
______ ___ ______ __
Total Support Costs 7,417 41,312 17,784 66,513
______ ___ ______ __
______ ___ ______ __
Total Expended 65,179 727,955 50,705 843,839
______ ___ ______ __

42

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

22. COMPARATIVE RESTRICTED FUNDS

BIRI BIRI BIRI Comm- BIRI Core BIRI BA Business
Resear- Library unications Grant Contin- Development Prof O.R. Living
ch Grant Grant gency Grant Alan Hall Turkish Gurney Amid the
Grant Grant Memorial Scholars Memorial Ruins D,C&M SPHS
Income
Grants 261,735 32,000 32,000 184,469 75,566 81,257 - - - - - -
Donations - - - - - - - - - - - 400
Investment Income - - - - - - - 3,361 2,241 - - -
- -
______ _____ _____ ______ _____ _____ _____ _____ _____ _____ _____ ____
Total Income 261,735 32,000 32,000 184,469 75,566 81,257 - 3,361 2,241 - - 400
______ _____ _____ _ ______
______		 _____ ______ _____ _____ _____ _____
Expenditure
Raising funds 9,145 - - 36,549 - 5,011 - - - - - -
Grants Payable 125,879 - - - - - - 2,000 - - - 400
Other Charitable 126,711 32,000 32,000 149,836 22,795 74,839 - - - - - -
______ _____ _____ ______ _____ ______ _____ _____ _____ _____ _____ _____
Total Expenditure 261,735 32,000 32,000 186,385 22,795 79,850 - 2,000 - - - 400
______ _____ ______ ______ _____ ______ _____ _____ _____ _____ _____ _____
Net incoming/
(outgoing)
- - - (1,916) 52,771 1,407 - 1,361 2,241 - - -
Gains & losses on
revaluation and
investment asset		 - - - - - - - (4,940) (4,355) - - -
disposals
Transfers between funds - - - 1,916 - - - - - (362) (890) -
Fund B/fwd - - - - 22,795 13,092 4,747 63,134 47,084 362 890 -
_____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____
Fund C/fwd - - - - 75,566 14,499 4,747 59,555 44,970 - - -
______ _____ _____ ______ _____ ______ _____ _____ _____ _____ _____ ______

43

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

Cultural
Heritage
Manag- Public
ement Archaeology Balkan David Doughty Total
Project Workshop Futures SARAT Boncuklu French Nahrein Wylie
Income
Grants - - - 279,433 - - 12,400 - 958,860
Donations - - - - 30 20,000 - 2,000 22,430
Investment Income - - - - - - - - 5,602
_ _ ______ _ _ ______ _ ______ _
Total Income - - - 279,433 30 20,000 12,400 2,000 986,892
_ _ ______ _ _ ______ _ ______ __
Expenditure
Raising funds - - - - - - - - 50,705
Grants Payable - - - - - 2,000 - 2,000 132,279
Other Charitable 6,089 - - 273,327 - - 10,358 - 727,955
______ _ ______ _ ______ ______ ______ ______ ___
Total Expenditure 6,089 - - 273,327 - 2,000 10,358 2,000 910,939
______ _ ______ _ ______ ______ ______ ______ ___
Net incoming/
(outgoing) (6,089) - - 6,106 30 18,000 2,042 - 75,953
Gains & losses on
revaluation and
investment asset - - - - - - - - (9,295)
disposals
Transfers between funds 5,612 - (1,413) - - - - - 4,863
Fund B/fwd 9,994 6,552 1,413 (1,099) 8,182 3,100 - - 180,244
______ _ ______ _ ______ ______ ______ ______ ___
Fund C/fwd 9,517 6,552 - 5,005 8,212 21,100 2,042 - 251,765
______ _ ______ _ ______ ______ ______ ______ ___

44

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

BIRI
BIRI Comm
Resear BIRI unicati BIRI BIRI BA Business Prof O.R.
ch
Library		 ons
Core		 Contingen Development Alan Hall Turkish Gurney
Living Amid
Grant Grant Grant
Grant		 cy Grant Grant Memorial Scholars Memorial the Ruins
D,C&M		 SPHS
Represented
by:
Investments - - -
-		 - - - 42,032 31,927 - - -
Deposit
Accounts -
-		 -
-		 - 3,175 4,747 8,927 6,671
-
-		 -
Current assets/
(liabilities) -
-		 -
-		 75,566 11,324 - 8,596 6,372
-
-		 -
______
_____		 _____
______		 _____ ______ _____ ______ _____
_____
_____		 _____
Total Funds -
-		 -
-		 75,566 14,499 4,747 59,555 44,970
-
-		 -
______ _____ _____
______		 _____ ______ _____ ______ _____
_____
_____		 _____
Cultural
Heritage Public
Management Archaeology Doughty
Project Workshop Balkan Futures SARAT Boncuklu David French Nahrein Wylie Total
Represented
by:
Investments - - -
-		 - - - - 73,959
Deposit
Accounts 3,905 - - 5,005 - - 2,042 - 34,472
Current assets/
(liabilities) 5,612 6,552 -
-		 8,212 21,100 - - 143,334
_ __ _ __ _ _ _
_ _
Total Funds 9,517 6,552 -
5,005		 8,212 21,100 2,042 - 251,765
___ __ ___
__		 _ _ ______ ______ _

45

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

46