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2022-03-31-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 2022

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

CONTENTS

Reference and Administrative Details 1
Report of the Council of Management 2 - 11
Independent Auditor’s Report 12 - 15
Statement of Financial Activities 16
Balance Sheet 17
Statement of Cash Flows 18
Notes to the Accounts 19 - 48

REFERENCE AND ADMINISTRATIVE DETAILS

LEGAL NAME British Institute of Archaeology at Ankara PUBLIC NAME 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 AUDITORS 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 2022

The Council of Management submit their report together with the audited accounts of the Institute for the year ended 31 March 2022. 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 2022, as more fully explained below.

Professor Jim Crow (Chair) Dr Aylin Orbasli (Deputy Chair) Dr Warren Eastwood (Honorary Secretary) Mr Kamran Hashemi (Honorary Treasurer) Mr Richard Bradley (Deputy Honorary Treasurer) (appointed on Tuesday 7[th] December 2021) Dr Natalie Martin Mr Ziya Meral Professor Scott Redford Dr Michael Talbot Dr Tamar Hodos Dr Delwen Samuel Ms Mina Toksoz (appointed on Tuesday 7[th] December 2021) Dr John McManus (appointed on Tuesday 7[th] December 2021) Dr Ceyda Karamursel

Member(s) of the BIAA Council rotating off as of December 2021: Professor Stephen Mitchell, Mr Anthony Sheppard and Dr Catherine Draycott. Dr Natalie Martin stepped down as Deputy Honorary Secretary but remained on Council of Management.

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.

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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.

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 up to six Officers (Chair of the Council, Deputy 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 Hon. 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 2021/22 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 2021/22 are: cultural heritage, society and economy in Turkey; migration, minorities and regional identities; interconnections of peace and conflict: culture, politics institutions in national, regional and international perspectives; Anglo-Turkish relations in the twentieth century; climate, changes and the

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

Six 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, from archaeological projects at Boncuklu (Neolithic) and Aphrodisias (Classical) to ‘Staging Kurdish Alevi Rituals: 4Kapı 40Makam’.

The Institute benefits from the presence of its post-doctoral research fellows in Turkey. On 1 September 2021, Dr Gizem Pilavcı, a historian who received her PhD from the University of Oxford, started a 12-month fellowship examining the Catholic Armenian population of Ankara during the late Ottoman period. On 1 January 2022, Dr Bradley Jordan, an ancient historian who received his PhD from the University of Oxford, started a postdoctoral fellowship researching the Roman province of Asia. Dr Işılay Gürsu continued her work on Heritage Management and Public Archaeology as the BIAA’s Senior BIAA Heritage Management Fellow.

In March 2021, the BIAA were awarded a Large Grant Award from the British Academy’s Knowledge Frontiers: Interdisciplinary Research Programme (Funded by the UK’s Department for Business, Energy and Industrial Strategy). The project ‘Water in Istanbul: Rising to the challenge?’ brings archaeologists, historians, hydraulic engineers and social scientists together to study water-related problems in the past and the present. Dr Ender Peker was employed as full-time Postdoctoral Fellow, focusing on the social science-related research.

The BIAA was granted a short-term project by the Cultural Protection Fund (01.09.2021-28.02.2022), entitled ‘Safeguarding and Rescuing Archaeological Assets (SARAA)’. It built on the success of the CPFfunded, Safeguarding Archaeological Assets of Turkey (SARAT) project by transferring and adapting its education programme to Lebanon and facilitating international knowledge exchange between Turkish and Lebanese heritage professionals. To this end, the BIAA partnered with BILADI, a Lebanese NGO. Dr Gül Pulhan was appointed full-time coordinator for the project.

Eloise Jones joined the BIAA as Research Assistant in January 2021. She worked with the Digital Repository Management team on uniformising the digital archive of previous and ongoing research projects entries and on cataloguing and digitalisation of the BIAA’s extensive collections. Eloise also supported the London office with a variety of administrative tasks.

The research scholarship is an initiative designed to support the development of junior academics. In October 2021, The BIAA appointed Research Scholar, Burcu Akşahin, who worked with the Digital Repository Management team on a variety of tasks, including archiving events in the cloud-based Microsoft Office 365 system.

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, Research Assistantship 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.

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Strategic Research Initiatives Expenditure funded by BIAA

Name Institution Proposed Activity Award
Baird University of
Liverpool		 Boncuklu excavations £15,000
De Rosa Society for
Dance
Research		 Staging Kurdish Alevi Rituals: 4Kapı 40Makam £1,992
Greaves University of
Liverpool		 Inclusive Heritage Education via Active Learning £5,000
Bachhuber University of
Oxford		 Konya Regional Archaeological Survey Project (KRASP) £5,000
Slawisch &
Wilkinson		 University of
Edinburgh,
University of
Cambridge		 Project Panormos Survey: An intensive diachronic survey and
prehistoric landscape study of the Milesian peninsula, western
Turkey (2021)		 £5,000
Vandeput British Institute
at Ankara		 Water in Istanbul: Rising to the Challenge? £9,885
Smith University of
Oxford		 The Tetrapylon Street at Aphrodisias £10,000
£51,877

Larger Project Expenditure

Name Institution Proposed activity Award
Knowledge Frontiers BIAA Water in Istanbul: rising to the challenge? £51,426
SARAA BIAA Safeguarding and Rescuing Archaeological
Assets		 £110,360
Herbarium BIAA Herbarium Remount and Digitisation Project £12,570
Archives Project BIAA Digitisation of the BIAA Collections £33,370
NAHREIN UCL Virtual visiting scholar programme £1,200
Dryland Project Plymouth
University		 Water security in the agricultural landscapes of
Turkey		 £27,972
£236,898

TOTAL EXPENDITURE ON RESEARCH GRANTS 2021/22: £288,775

The BIAA also awards grants to individual Research Fellows, Research Scholars and Research Assistants (£78,393.05 in 2021/22). 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.

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PUBLICATIONS

Sadly, in February 2022, our long-term Executive Editor of Annual Publications, Gina Coulthard, passed away. Gina had been a part of the BIAA’s publication activities since the 1990s, when she began as the BIAA’s London Administrator. Over time, she took on the production of Anatolian Studies and many of our archaeological monograph publications, providing detailed copyediting feedback to authors and typesetting the works for printing. She also introduced our annual magazine, now known as Heritage Turkey . After her move to Australia, she continued to oversee the production of the journal and magazine, and she remained an invaluable advisor to the various Editors of the Archaeological Monograph Series, and trained others in our practices. Our publications remain internationally distinguished not only for their scholarly importance but also for their outstanding publication quality. Their visual and linguistic characteristics reflect Gina’s careful eye and meticulous attention to detail, and they serve as a lasting legacy to her.

The annual issue of the BIAA’s scholarly journal, Anatolian Studies , was published as scheduled in July 2021 by Cambridge University Press. The annual magazine, Heritage Turkey , was published as scheduled in December 2021.

The following volumes in the BIAA’s Archaeological Monographs series were published:

In addition, the BIAA published the Turkish-language edition of Public Archaeology as Teorik Çerçevesi ve Güncel Uygulamaları ile Toplum Arkeolojisi (October 2021) and made it freely available (open access) via the BIAA website.

The following volume in the BIAA-IB Tauris Contemporary Turkey series was published: Architectures of Emergency in Turkey: heritage, displacement and catastrophe , edited by Eray Çaylı, Pınar Aykaç, and Sevcan Ercan (November 2021).

Finally, Michael Talbot (University of Greenwich) resigned as Series Editor of the BIAA-IB Tauris Ottoman Empire in the World series. Christopher Markiewicz (University of Birmingham) 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. From 01.11.2021, the BIAA extended its premises and rented 1/3 of the third floor in addition to the existing ones in the same building. A rented guesthouse 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 and management of the Institute in its Ankara premises. Dr Daniel-Joseph MacArthurSeal, Assistant Director since 1 September 2019, 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, assisted by the part-time Assistant Manager Başak Bodur, Housekeeper Keziban Çoşgun and Mustafa Balcı, part-time Concierge, continued to look after the premises in Ankara.

Laura Paterson has managed the London office since 14 October 2019.

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RESEARCH RESOURCES

The Ankara library and other research resources were in continuous use. There was a continuing strong demand from UK-based researchers, the local academic community and, increasingly, scholars from other countries around the world. A key role of the Institute in Ankara is serving as a regional resource centre and efforts have been made to improve the accessibility of the collections and promote their use. The library catalogue, which was transferred to an industry-standard catalogue, Koha, and the archaeological research collections are fully web accessible. Work on the photographic collections and the archives is ongoing and data are being induced into the Digital Repository Management System.

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. Gonca Özger has held the position of Assistant Digital Repository Manager, from 16 March 2020 onwards. Orhun Uğur joined the Digital repository Management team on 1 October 2021 as digital archivist.

LECTURES AND EVENTS

During 2021/22 the Institute hosted regular virtual lectures in London and Ankara.

Date Event Title Location
2021-04-15 The Turkey – UK – USA relationship in the Biden Presidency Online
2021-04-26 Bodies, Bronze, and Başur: What the dead have to say about it Online
2021-05-04 The Abandoned 19th-20th c. Rural Architectural Heritage of Ayvalık Online
2021-05-11 The Martyrdom of Konon of Bidana: How the Patron of the Isaurians was
Made		 Online
2021-06-01 Subterranean Hagia Sophia: Revealing the Waters below Hagia Sophia Online
2021-06-08 Public Perceptions of the Other's Heritage: Ottoman Heritage in Greece Online
2021-06-15 Frankish Gravestones in the Eastern Aegean from the Medieval Period Online
2021-06-24 Revisiting Mihri Hanım (1885-1954): A Woman Painter in the late Ottoman
Empire		 Online
2021-07-20 The Rock Inscriptions, Graffiti and Crosses from Quarry GO3C at Göktepe Online
2021-07-22 Changing Energy and Geopolitics in the Mediterranean Online
2021-07-29 Secular Migration from Turkey to the UK Online

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2021-09-14 Breaking Continuity? Site Formation and Temporal Depth at Catalhoyuk and
Tell Sabi Abyad		 Online
2021-09-23 Police Restructuring in Turkey: A Feminist-Materialist Critique Online
2021-09-30 Late Ottoman Period Libya in the Age of Reforms (1835-1912) Online
2021-10-14 Architectures of Emergency: Heritage, Displacement and Catastrophe Online
2021-10-26 The Ottoman-Italian War of 1911-12: Conflict and Consequences Online
2021-11-04 The Second Shift in Archaeological Fieldwork? Invisible Labour of Local
Archaeologists as Fixers to Foreign Projects		 Online
2021-11-25 The British-Ottoman war and the Sanussiyya invasion of Egypt Online
2021-11-26 Comparing Notes (SARAA) Online
2021-12-04 Ottoman Cultural Mobilities: 19th-Century Modes of Travel, Collecting and
Display		 Hybrid
2021-12-07 Coprolites, continuity and consanguinity; life histories and house histories at
Neolithic Boncuklu		 Online
2022-01-17 Geometric interlace: a study of the rise, fall, and meaning of stereotomic
strapwork in the architecture of Rum Seljuq Anatolia		 Online
2022-02-08 About Assyrians, Hittites and Romans in Boğazkoy / Ḫattuša Online
2022-03-07 Syro-Anatolian Magico-Ritual Lead Figurines of the Middle Bronze Age Online
2022-03-22 The social organisation of crop and herd management at Çatalhöyük: Spatial
autocorrelation analysis		 Online
2022-03-31 A New History of the Eastern Question: Imperialism, Security and Civil Wars
in Mount Lebanon, 1798-1864		 Online

FINANCIAL REVIEW

The audited accounts of the Institute for the year ended 31 March 2022 are attached to this report. A review of the transactions and financial position of the Institute is set out below.

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 £573,063. Because of the terms of British Academy BIRI grants in force from 2016/7, all BIRI funding is now treated as Restricted Funds.

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Alan Hall Memorial Fund

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

Turkish Scholars Fund

After receipt of investment income, the fund balance carried forward increased from £69,923 to £73,075 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, the fund balance carried forward increased from £52,611 to £54,984 at the end of the year. No grants were made because of the Covid situation in Turkey and the UK.

David French Fund

No grants were made because of the Covid situation in Turkey and the UK. The fund balance carried forward £21,100 at the end of the year.

David Edwin Jameson Fund

After receipt of investment income, the fund balance carried forward increased from £25,000 to £26,127 at the end of the year. No grants were made because of the Covid situation in Turkey and the UK.

Doughty-Wylie Scholarship Fund

The fund provides two grants of up to £1,000 each to support postgraduate students in any field of the arts, humanities and social sciences to participate in fieldwork or other research activity in Turkey. No grants were made because of the Covid situation in Turkey and the UK.

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.

With the moderate recovery in the global stock markets, the market value of investments recovered by 4.2% or £14,296 during the year to 31 March 2022.

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 4 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 2022, Free Reserves stood at £136,071, below the agreed minimum of £185,000. This is due to an increase of £139,013 in the BIAA provision for its share of the Universities Superannuation Scheme (USS) pension deficit, based on the 2020 triennial pension valuation. Further details can be found under Exceptional Expenditure on page 10 and note 12 to the accounts.

Council keeps key risks to the Institute's activities under regular review and continues to monitor a more comprehensive Risk Register during the year. 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

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the BIRI Treasurers and Directors, and by maintaining close relations with the British Embassy in Ankara and with the Directorate General of Museums and Monuments.

Exceptional Expenditure

The income statement reflects an increase of £139,013 in the BIAA provision for its share of the Universities Superannuation Scheme (USS) pension deficit, based on the 2020 triennial pension valuation. The trustees understand that the latest interim valuation reflects a more favourable financial position based on both a change to the USS members’ benefits and an improvement in financial markets and expect these to result in a significant reduction of the pension liability in future years, when the next full USS pension valuation is available.

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. In October 2021, staff returned to the office with mask wearing and distancing precautions, while the library and collections reopened to the public at a reduced capacity. Advice from the local authorities and the British Embassy has been followed throughout.

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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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.

The trustees confirm that so far as they are aware, there is no relevant audit information (as defined by section 418(3) of the Companies Act 2006) of which the charitable company’s auditors are unaware. They have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant audit information and to establish that the charitable company's auditors are aware of that information.

AUDITOR

A resolution will be submitted at the forthcoming Annual General Meeting that Elizabeth Wicks, WMT - Chartered Accountants be re-appointed as the Auditor (or Independent Examiner as appropriate).

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

Professor Jim Crow Chair

Date: 29/09/2022

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INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA YEAR ENDED 31 MARCH 2022

Opinion

We have audited the financial statements of The British Institute of Archaeology at Ankara (the ‘charitable company’) for the year ended 31 March 2022 which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA YEAR ENDED 31 MARCH 2022 (continued)

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion :

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 11 the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA YEAR ENDED 31 MARCH 2022 (continued)

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Discussions with and enquiries of management and those charged with governance were held with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.

The following laws and regulations were identified as being of significance to the entity:

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and the Trustees as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of Trustee meeting minutes; testing the appropriateness of journal entries; and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity’s controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

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INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA YEAR ENDED 31 MARCH 2022 (continued)

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Opinion on other matter as required by British Academy grant letter

In our opinion, in all material respects, the grant payments from the British Academy have been applied in accordance with, and for the purposes set out in, the Agreement.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Elizabeth Irvine Senior Statutory Auditor For and on behalf of WMT Chartered Accountants and Statutory Auditors

Verulam Point Station Way St Albans Hertfordshire

17 October 2022

15

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
Funds
£
Restricted
Funds
£
Total
Funds
2022
£
Total
Funds
2021
£
(unaudited)
Income and endowments from:
Donations and legacies:

Donations and
appeals		 10,138
30,575
40,713
50,327
Grants
3(a)		 1,701
984,563
986,264
662,516
Subscriptions 13,894
-
13,894
11,230

Charitable activities:
Publications 4,785
-
4,785
7,905
Rent 2,415
-
2,415
1,795
Investments
3(b)		 4,896
3,919
8,815
8,601
Total 37,829
1,019,057
1,056,886
742,374
Expenditure on:

Raising funds
4(b)		 8,194
31,332
39,526
34,963


Charitable activities
Grants
4(a)		 25,516
97,458
122,974
193,035
145,035
753,817
898,852
528,967

Other charitable
activities
4(b)
Total 178,745
882,607
1,061,352
756,965
Gains and losses on revaluations and
disposals of investment assets:
Unrealised
8		 5,340
1,909
7,249
67,728
Realised
8		 6,223
824
7,047
2,323
Net gains/ (losses) on
investments		 11,563
2,733
14,296
70,051
Net income /(expenditure) (129,353)
139,183
9,830
55,460
Net movement in funds (129,353)
139,183
9,830
55,460
Reconciliation of funds
Total funds brought forward
328,564
247,926
576,490
521,030
Total funds carried forward 199,211
387,109
586,320
576,490

16

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

BALANCE SHEET AS AT 31 MARCH 2022

Notes 2022
£		 2021
£
(unaudited)
FIXED ASSETS
Tangible assets
7		 63,140 73,505

Investments
8		 380,761 365,381
443,901 438,886
CURRENT ASSETS
Stock of publications
5,645		 14,719
Debtors
9
109,072		 19,299
Cash at bank and in hand
10
337,704		 320,599
452,421 354,617
CREDITORS:amounts falling due within
one year
11
(58,701)		 (114,520)
Net current assets 393,720 240,097
Total assets less current liabilities 837,621 678,983
Provision for post-employment benefits
12		 (251,301) (102,493)
NET ASSETS 586,320 576,490
REPRESENTED BY:
Unrestricted funds
13		 199,211 328,564
Restricted funds
14		 387,109 247,926
586,320 576,490

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 this financial statement if they subsequently prove to be defective.

……………………………………………………… Kamran Hashemi (Hon. Treasurer)

Approved by the Members of the Council

Company registration no. 00477436 Charity registration no. 313940

Date: 29/09/2022

17

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

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		 2022
£
9,830
12,786
(8,815)
(14,296)
9,074
(89,773)
(55,819)
148,808
11,795
(72,014)
73,718
(2,421)
8,815
8,098
332,631
352,524
337,704
14,820
352,524
At 30.3.21
£
Cash
flows
£
320,599
17,105
12,032
2,788		 2021
£
(unaudited)
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 31.3.22
£
337,704
14,820
332,631
19,893		 352,524

18

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

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:

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.

19

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

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.

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:

20

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

Restricted income is recorded in the SoFA when receivable.

Expenditure is recognised on an accruals basis as liabilities are incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it related:

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.

21

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

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.

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.

22

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

3. INCOMING RESOURCES

3.
INCOMING RESOURCES		 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
Boncuklu Fund
SARAA Fund
Knowledge Frontiers Fund
Other Grants
b) Investment Income
Bank interest
Income from investments
4.
RESOURCES EXPENDED
2022
Unrestricted
£
a)
Cost of charitable activity –
grants payable
To individuals
25,516
To institutions
-
25,516		 2022
Unrestricted
£
-
-
-
-
-
-
-
-
-
1,701		 2022
Restricted
2022
Total
2021
Total
£
£
£
321,616
321,616
317,641
36,300
36,300
34,660
11,931
11,931
10,409
152,632
152,632
151,567
55,256
55,256
49,601
84,084
84,084
82,476
6,234
110,310
6,234
110,310
5,000
-
200,000
200,000
-
6,200
7,901
11,162
1,701 984,563
986,264
662,516
29
4,867		 1
30
101
3,918
8,785
8,500
4,896 3,919
8,815
8,601
2022
Restricted
£
55,452
42,006
97,458		 2022
Total
£
80,968
42,006
122,974		 2021
Total
£
113,605
79,430
193,035
25,516

23

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

Grants in excess of £2,000 were payable to the following
institutions:
University of Oxford - Smith,
Bachhuber, Erb-Satullo
University of Liverpool – Baird,
Greaves
University of Cambridge –Sitaridou
University of Birmingham – Eastwood,
Whiting
Northumbria University – Motta
University of Plymouth - Roberts
University of Lincoln – Wharton
BIAA – Blaylock, Irvine
University of Edinburgh - Slawisch and Wilkinson
Grants to institutions under £2,000
Grants to individuals:
Research Fellows, Research Scholars and Research Assistants
Total grants paid		 2022
Grants
Paid
£
15,000
20,000
-
-
-
-
-
-
5,000
2,006
42,006
80,968
122,974		 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

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

24

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

Direct
Direct Activity Activity
Costs Costs Raising 2022 2021
(Unrestricted) (Restricted) Funds Total Total
£ £ £ £ £
b) Analysis of other
Charitable Activity costs:
Directly allocated costs:
London
Director’s salary pension and
allowances - 89,270 4,698 93,968 92,183
Assistant Director’s salary,
pension and allowances - 36,354 4,038 40,392 38,554
London Manager’s salary
and pension - 43,694 - 43,694 41,807
Publication Editor’s salary
and pension - 16,537 - 16,537 14,567
Senior Development
Manager’s salary and - 5,244 20,979 26,224 25,484
pension
Development and - 7,894 - 7,894 7,102
Communications Assistant
salary
______ _ ______ ______ ______

Total London Expenditure		 - 198,993 29,715 228,708 219,697
______ _ ______ ______ ______
Turkey
Hostel expenses 10,650 - - 10,650 11,340
Institute expenses - 48,981 - 48,981 46,705
Salaries and wages - 147,849 - 147,849 104,797
Office and library
expenses - 25,706 - 25,706 43,099
Vehicle expenses 648 182 - 830 1,547
Publication costs 1,950 - - 1,950 123
______ ______ ______ ______ ______
Total Turkey Expenditure 13,248 222,718 - 235,966 207,611
______ ______ ______ ______ ______

25

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

Direct
Direct Activity Activity
Costs Costs Raising 2022 2021
(Unrestricted) (Restricted) Funds Total Total
£ £ £ £ £
Other Direct costs
Cultural Heritage
management project - 766 - 766 -
Library acquisitions - 10,389 - 10,389 14,705
Publication costs - 28,425 - 28,425 5,737
Ankara Workshops - 4,780 - 4,780 (560)
Journal & monograph - - - - 163
BDF projects - 24,602 - 24,602 74,339
SARAT project - - - - 25,043
Herbarium project - 21,559 - 21,559 13,699
Nahrein project - 1,200 - 1,200 -
SARAA project - 108,164 - 108,164 -
Knowledge frontiers - 78,434 - 78,434 -
Other projects - 10,454 - 10,454 -
______ ______ ______ ______ ______
Total Other Direct
Costs - 288,773 - 288,773 133,126
______ ______ ______ ______ ______
Support costs
allocated to
activities:
USS pension deficit
movement 139,013 - - 139,013 (28,851)
London office - 26,156 9,811 35,967 2,575
Bank charges 2,610 - - 2,610 1,761
Audit – Ankara - 2,278 - 2,278 9,974
Audit and accountancy fees
– London - 13,250 - 13,250 14,527
Trustees’ expenses & - 1,648 - 1,648 -
meeting costs
Foreign exchange (22,622) - - (22,622) (9,438)
Depreciation 12,786 - - 12,786 12,948
__ __ __ __ __
Total Support Costs 131,787 43,332 9,811 184,930 3,496
__ __ __ __ __
__ __ __ __ __
Total Expended 145,035 753,817 39,526 938,378 569,930
__ __ __ __ __

26

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

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 & meeting costs
Legal and professional fees		 2022
Total
£
2021
Total
£
14,374
13,827
2,020
1,928
8,739
8,361
13,250
8,716
2,278
4,987
1,648
-
2,829
7,197
45,138
45,016

5. EMPLOYEES

The average monthly number of UK based employees during the year was 2 (2021: 2). In addition, there were 9 employees based in Turkey (2021: 9) and the publications manager making a total of 10 employees (2021: 10)

One employee’s salary and benefits fell into the range £70,000 to £80,000 (2021: one).

Staff costs in Ankara totalled £147,849 (2021: £104,797) as disclosed in note 4.

The costs of employing UK remunerated staff were:

2022 2021
£ £
Salaries and wages 180,841 159,323
National insurance costs 5,580 5,107
Pension costs 39,537 36,033
Other benefits 9,776 12,234
School fees 7,000 7,000
______ ______
242,734 219,697
______ ______

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 £178,054 (2021: £172,544).

27

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

7. TANGIBLE ASSETS

Computer
and Survey Ankara Security Motor
Equipment Refurbishments Equipment Vehicles Total
£ £ £ £ £
COST:
Brought forward 104,169 96,673 20,553 16,157 237,552
Additions in the year 2,421 - - - 2,421
______ ______ ______ ______ ______
Carried forward 106,590 96,673 20,553 16,157 239,973
______ ______ ______ ______ ______
DEPRECIATION:
Brought forward 98,709 28,628 20,553 16,157 164,047
Charge in the year 3,066 9,720 - - 12,786
______ ______ ______ ______ ______
Carried forward 101,775 38,348 20,553 16,157 176,833
______ ______ ______ ______ ______
NET BOOK VALUE:
At 31 March 2022 4,815 58,325 - - 63,140
______ ______ ______ ______ ______
At 31 March 2021 5,460 68,045 - - 73,505
______ ______ ______ ______ ______

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).

28

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

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 26,925 books as well as 25,802 Journal volumes covering 1,239 Journal Titles (including Newsletters and Reports). Furthermore, the library’s collections comprise 1,937 offprints, 95 theses and 455 items of audiovisual material (CD’s, DVD’s). The book collection of the library includes 159 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.

In 2021, the library started to use a new open-source integrated library system called KOHA, a software based on international MARC 21 standards.

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.

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.

In addition, 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.

29

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

Other materials and collections of the BIAA’s library

The library collections also contain ca. 2,000 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 more than 5,000 paper squeezes of inscriptions (particularly milestones) in 3,198 envelopes from all over Turkey. 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 collection contains 4,360 bags containing 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 ca. 4,500 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.

The Digital Repository aims to store, manage and preserve digital archaeological records of Turkey and the Black Sea region. The Digital Repository continues to grow and physical archives continue to be prepared for digitisation through new digitisation and research projects. The Digital Repository catalogue website is currently under development and will be available soon. To date, the institute has digitised its squeeze collection, pottery collection, numerous drawings and more than 15,000 photographs.

30

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

8. INVESTMENTS

. INVESTMENTS
Fund
Unrestricted
Phoenix Fund bond
GAM Star Fund
CF Miton UK Multi Cap
Troy Income & Growth
Fundsmith LLP
CCLA Investment COIF
Royal London Ethical
COIF Income Shares
Artemis Institutional Equity
Vanguard Funds
Other Investments
Restricted
M&G Charifund
BNY Mellon Asia Pacific
Maitland Select
T Bailey Fund
Comgest Growth
Princess Private Equity
Octopus Renewables
Other Investments
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		 2022
Cost
£
10,024
10,273
10,130
10,365
5,339
24,573
13,317
-
-
97,518
19,320
10,754
10,636
11,230
15,460
8,257
11,520
14,260		 Market
2021
Value
£
Cost
£
10,046
10,024
12,618
10,273
12,732
10,130
11,550
10,365
15,491
6,673
51,174
-
12,276
-
-
30,000
-
10,191
7,759
125,825
67,747
31,594
24,150
14,185
10,754
10,398
10,636
12,137
11,230
11,127
15,460
10,183
8,257
11,200
11,519
13,404
-		 Market
Value
£
10,130
10,143
13,073
10,740
17,740
-
-
56,683
10,737
16,417
97,672
36,810
13,782
10,996
11,409
15,395
10,222
11,400
-
282,976 365,941
255,168		 353,349
353,349
72,014
(73,718)
7,249
7,047
365,941
14,820
380,761		 264,042
46,467
(27,211)
67,728
2,323
353,349
12,032
365,381

31

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

9. DEBTORS
Prepayments and accrued income
Debtors are all unrestricted.
10. CASH AT BANK AND IN HAND
London
Ankara
Restricted - specific
11. CREDITORS
Amounts falling due within one year:
Deferred income
Accruals and other creditors		 2022
Total
£
109,072
__
2022
£
297,429
3,642
36,633
337,704
2022
Total
£
-
58,701
_
58,701
___		 2021
Total
£
19,299
______
2021
£
302,059
1,726
16,814
320,599
2021
Total
£
100,000
14,520
__
114,520
____

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

Creditors are all unrestricted

32

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

12. PROVISIONS FOR POST EMPLOYMENT BENEFITS
2022 2021
Total Total
£ £
USS deficit fund 210,709 71,696
Ankara staff severance fund 40,592 30,797
______ ______
Balance carried forward 251,301 102,493
______ ______
Provision for Ankara staff severance
Balance brought forward 30,797 33,282
Increase / (decrease) in provision for the year 9,795 (2,485)
______ ______
Balance carried forward 40,592 30,797
______ ______
Provision for USS deficit
Balance brought forward 71,696 100,547
(Decrease) / increase in provision for the year 139,013 (28,851)
______ ______
Balance carried forward 210,709 71,696
______ ______

USS Provision

The institution participates in the Universities Superannuation Scheme (USS), a multi-employer hybrid pension scheme including both defined benefit (the Retirement Income Builder) and defined contribution elements. The total cost charged to the profit and loss account, excluding the increase in the provision is £39,537 (2021: £36,033).

Deficit recovery contributions due within one year for the institution are £12,919.

The latest available complete actuarial valuation of the Retirement Income Builder is at 31 March 2020 (the valuation date), which was carried out using the projected unit method.

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

The 2020 valuation was the sixth valuation for the scheme under the scheme-specific funding regime introduced by the Pensions Act 2004, which requires schemes to have sufficient and appropriate assets their technical provisions. At the valuation date, the value of the assets of the scheme was £66.5 billion and the value of the scheme’s technical provisions was £80.6 billion indicating a shortfall of £14.1 billion and a funding ratio of 83%.

33

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

The key financial assumptions used in the 2020 valuation are described below. More detail is set out in the Statement of Funding Principles (uss.co.uk/about-us/valuation-and-funding/statement-of-fundingprinciples).

CPI assumption

Term dependent rates in line with the difference between the Fixed Interest and Index Linked yield curves, less 1.1% p.a to 2030, reducing linearly by 0.1% p.a. to a long-term difference of 0.1% p.a from 2040

Pension increases (subject to a floor of 0%) - CPI assumption plus 0.05%

Discount rate (forward rates) Fixed interest gilt yield curve plus: Pre-retirement: 2.75% p.a Post-retirement: 1.00% p.a

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 2020 actuarial valuation. The mortality assumptions used in these figures are as follows:

2020 valuation

Mortality base table 101% of S2PMA “light” for males and 95% of S3PFA for females

Future improvements to mortality CMI_2019 with a smoothing parameter of 7.5, an initial addition of 0.5% p.a. and a long-term improvement rate of 1.8% pa for males and 1.6% pa for females

The current life expectancies on retirement at age 65 are:

2022 2021
Males currently aged 65 (years) 23.9 24.7
Females currently aged 65 (years) 25.5 26.1
Males currently aged 45 (years) 25.9 26.7
Females currently aged 45 (years) 27.3 27.9

A new deficit recovery plan was put in place as part of the 2020 valuation, which requires payment of 6.2% of salaries over the period 1 April 2022 until 31 March 2024, at which point the rate will increase to 6.3%. The 2022 deficit recovery liability reflects this plan. The liability figures have been produced using the following assumptions:

2022 2021
Discount rate 3% 1.1%
Pensionable salary growth 3% 1.0%

34

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

The SoFA reflects the increase of £139,013 in the BIAA provision for its share of the Universities Superannuation Scheme (USS) pension deficit, based on the 2020 triennial pension valuation. The deficit provision relates to contributions due from 2022 to 2038 with an annual cost of approximately £13,000.

The trustees understand that the latest interim valuation reflects a more favourable financial position based on both a change to the USS members’ benefits and an improvement in financial markets and expect these to result in a significant reduction of the pension liability in future years, when the next full USS pension valuation is available.

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.

13. UNRESTRICTED FUNDS

2022 2021
£ £
Balance brought forward 328,564 269,265
Investment gains and losses 11,563 55,570
Net incoming/(outgoing) resources (140,916) 3,729
_ _
Balance carried forward 199,211 328,564
_ _

Included within Unrestricted Funds is an amount of £67,101 (2021: £80,205) 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.

35

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

14. RESTRICTED FUNDS

BIRI BIRI BIRI Comm- BIRI BIRI BA Business Prof O.R. Cultural Heritage
Research
Grant		 Library
Grant		 unications
Grant		 Core
Grant		 Contingency
Grant		 Development
Grant		 Alan Hall
Memorial		 Turkish
Scholars		 Gurney
Memorial		 Çatalhöyük
Publications		 Jameson
Scholarships		 Management Project
Income
Grants 321,616 36,300 11,931 152,632 55,256 84,084 - - - - - -
Donations - - - - - - - - - 10,000 - -
Investment Income - - - - - - - 1,857 1,398 - 664 -
______ _____ _____ ______ _____ _____ _____ _____ _____ _____ _____ _____
Total Income 321,616 36,300 11,931 152,632 55,256 84,084 - 1,857 1,398 10,000 664 -
______ _____ _____ _ ______
______		 _____ ______ _____ _____ _____ _____
Expenditure
Raising funds 8,738 - - - - 22,594 - - - - - -
Grants Payable 97,459 - - - - - - - - - - -
Other Charitable 215,419 36,300 11,931 152,632 49,601 61,490 4,747 - - 6,846 - 4,256
______ _____ _____ ______ _____ ______ _____ _____ _____ _____ _____ _____
Total Expenditure 321,616 36,300 11,931 152,632 49,601 84,084 4,747 - - 6,846 - 4,256
______ _____ ______ ______ _____ ______ _____ _____ _____ _____ _____ _____
Net incoming/
(outgoing) - - - - 5,655 - (4,747) 1,857 1,398 3,154 664 (4,256)
Gains & losses on
revaluation and - - - - - -
investment asset - 1,295 975 - 463 -
disposals
Fund B/fwd - - - - 49,601 - 4,747 69,923 52,611 3,216 25,000 8,067
_____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____ _____
Fund C/fwd - - - - 55,256 - - 73,075 54,984 6,370 26,127 3,811
______ _____ _____ ______ _____ ______ _____ _____ _____ _____ _____ _____

36

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

Public
Archaeology David Knowledge Masters Total
Workshop Herbarium SARAT Boncuklu French Nahrein Other SARAA Frontiers Dissertation
Income
Grants - 5,000 - 6,234 - 1,200 - 110,310 200,000 - 984,563
Donations - 1,100 - 14,000 - - - - 1,000 4,475 30,575
Investment Income - - - - - - - - - - 3,919
_ ______ _ _ ______ _ _ ______ _ _ ______
Total Income - 6,100 - 20,234 - 1,200 - 110,310 201,000 4,475 1,019,057
_ ______ _ _ ______ _ _ ______ _ _ ______
Expenditure
Raising funds - - - - - - - - - - 31,332
Grants Payable - - - - - - - - - - 97,459
Other Charitable 2,552 6,100 2,567 11,328 - 1,200 189 108,224 78,434 - 753,816
_ ______ _ ______ ______ ______ _ ______ _ ______ ______
Total Expenditure 2,552 6,100 2,567 11,328 - 1,200 189 108,224 78,434 - 882,607
_ ______ _ ______ ______ ______ _ ______ _ ______ ______
Net incoming/
(outgoing) (2,552) - (2,567) 8,906 - - (189) 2,086 122,566 4,475 136,450
Gains & losses on
revaluation and
investment asset - - - - - - - - - - 2,733
disposals
Fund B/fwd 2,552 - 2,567 4,311 21,100 2,042 2,189 - - - 247,926
_ ______ _ ______ ______ ______ _ ______ _ ______ ______
Fund C/fwd - - - 13,217 21,100 2,042 2,000 2,086 122,566 4,475 387,109
_ ______ _ ______ ______ ______ _ ______ _ ______ ______

37

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

Cultural
BIRI Prof O.R. Heritage
Contingency Turkish Gurney Management
Grant Scholars Memorial Project SARAA Boncuklu David French
Represented
by:
Investments - 54,138 40,734 - - - -
Bank & cash
accounts 55,256 18,937 14,250 3,811 2,086 13,217 21,100
_____ _____ ______ _____ _____ _____ _____
Total Funds 55,256 73,075 54,984 3,811 2,086 13,217 21,100
_____ _____ ______ _____ _____ _____ _____
Çatalhöyük Jameson Knowledge Masters
Publications Nahrein Other Scholarships Frontiers Dissertation Total
Represented
by:
Investments - - - 19,356 - - 114,228
Bank & cash
accounts 6,370 2,042 2,000 6,771 122,566 4,475 272,881
_ __ _ __ _ _
_
Total Funds 6,370 2,042 2,000 26,127 122,566 4,475 387,109
___ __ __ _ _ ______ _

38

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

39

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

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 2022 (2021: nil), in respect of their responsibilities as Trustees. In the year, 5 (2021: nil) Trustees were reimbursed £966 in expenses (2021: £nil) relating to travel and accommodation.

In the year Trustees made donations to the charity amounting to £5,199 (2021: £5,800). In addition trustees are members of the Institute and pay annual subscriptions.

In the year a grant of £9,885 was awarded to the director for spend on the Knowledge Frontiers project.

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

17. COMMITMENTS UNDER OPERATING LEASES

At 31st March 2022 the charity had the following commitments under non-cancellable operating leases:

Land and buildings
2022 2021
£ £
Less than one year 5,281 12,465
Between two and five years 21,122 49,861
Greater than five years 4,400 22,853
______ ______
30,803 85,179
---------- ----------
18. FINANCIAL INSTRUMENTS
2022 2021
£ £
Financial assets
Financial assets at fair value through profit or 365,941 353,349
loss – comprised of listed investments

40

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

20. COMPARATIVE SoFA - YEAR END 31 MARCH 2021

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

Donations and appeals		 5,363
44,964		 50,327
Grants 11,162
651,354		 662,516
Subscriptions 11,230
-		 11,230
Charitable activities:
Publications 7,905
-		 7,905
Rent 1,795
-		 1,795
Investments 5,073
3,528		 8,601
Total 42,528
699,846		 742,374
Expenditure on:

Raising funds		 1,454
33,509		 34,963

Charitable activities
Grants 8,059
184,976		 193,035
Other charitable activities 29,286
499,681		 528,967
Total
21		 38,799
718,166		 756,965
Gains and losses on revaluations and disposals of
investment assets:
Unrealised 55,182
12,546		 67,728
Realised 388
1,935		 2,323
Net gains/ (losses) on investments 55,570
14,481		 70,051
Net income /(expenditure) 59,299
(3,839)		 55,460
Net movement in funds 59,299
(3,839)		 55,460
Reconciliation of funds
Total funds brought forward
269,265
251,765		 521,030
Total funds carried forward 328,564
247,926		 576,490

41

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

21. COMPARATIVE RESOURCES EXPENDED - YEAR ENDED 31 MARCH 2021

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 £1,000 were payable to the following institutions:
University of Oxford - Smith, Bachhuber,
Erb-Satullo
University of Liverpool – Asouti, Baird,
Ankan
University of Cambridge –Sitaridou
University of Birmingham – Eastwood,
Whiting
Northumbria University – Motta
University of Plymouth - Roberts
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

42

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

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

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

Turkey
Hostel expenses 11,340 - - 11,340
Institute expenses 11,676 35,029 - 46,705
Salaries and wages 25,393 79,404 - 104,797
Office and library
expenses - 43,099 - 43,099
Vehicle expenses 1,547 - - 1,547
Publication costs 123 - - 123
______ ______ ______ ______
Total Turkey Expenditure 50,079 157,532 - 207,611
______ ______ ______ ______

43

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

Direct
Direct Activity Activity
Costs Costs Raising 2021
(Unrestricted) (Restricted) Funds Total
£ £ £ £
Other Direct costs
Library acquisitions - 14,705 - 14,705
Publication costs 797 4,940 - 5,737
Ankara Workshops - (560) - (560)
Journal & monograph 163 - - 163
BDF projects - 74,339 - 74,339
SARAT project - 25,043 - 25,043
Herbarium project - 13,699 - 13,699
______ ______ ______ ______
Total Other Direct
Costs 960 132,166 - 133,126
______
______		 ______ ______
Support costs
allocated to
activities:
USS pension deficit
movement (28,851) - - (28,851)
London office - 644 1,931 2,575
Bank charges 1,761 - 1,761
Audit – Ankara - 9,974 - 9,974
Audit and accountancy fees
– London - 14,527 - 14,527
Trustees’ expenses - - -
Foreign exchange
differences (9,438) - (9,438)
Depreciation 12,948 - 12,948
______ ___ ______ __
Total Support Costs (23,580) 25,145 1,931 3,496
______ ___ ______ __
______ ___ __ __
Total Expended 29,286 499,681 34,963 563,930
______ ___ ______ __

44

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

22. COMPARATIVE RESTRICTED FUNDS

BIRI BIRI BIRI Comm- BIRI Core BIRI BA Business
Resear- Library unications Grant Contin- Development Prof O.R.
ch Grant Grant gency Grant Alan Hall Turkish Gurney Çatalhöyük Jameson
Grant Grant Memorial Scholars Memorial Publications Scholarships
Income
Grants 317,641 34,660 10,409 151,567 49,601 82,476 - - - - -
Donations - - - - - - - - - 6,892 25,000
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 25,000
______ _____ _____ _ ______
______		 _____ ______ _____ _____ _____
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 25,000
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 25,000
______ _____ _____ ______ _____ ______ _____ _____ _____ _____ _____

45

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

Cultural
Heritage
Manag- Public
ement Archaeology David Other Total
Project Workshop Herbarium SARAT Boncuklu French Nahrein
Income
Grants - - - - - - - 651,354
Donations - - 10,000 883 5,000 - - 2,189 44,964
Investment Income - - - - - - - - 3,528
_ _ ______ _ _ ______ _ ______ _
Total Income - - 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) (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 8,067 2,552 - 2,567 4,311 21,100 2,042 2,189 247,926
______ _ ______ _ ______ ______ ______ ______ ___

46

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

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

47

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

48