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2024-03-31-accounts

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

CONTENTS

Reference and Administrative Details 3
Report of the Council of Management 4
Independent Auditor’s Report 17-21
Statement of Financial Activities 22
Balance Sheet 23
Statement of Cash Flows 24
Notes to the Accounts 25 – 42

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BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

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 Moore Kingston Smith LLP Chartered Accountants 4 Victoria Square St Albans AL1 3TF 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 2024

The Council of Management submit their report together with the audited accounts of the Institute for the year ended 31 March 2024. 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 2024, as more fully explained below.

Professor Jim Crow (Chair) Professor Aylin Orbasli (Deputy Chair) Professor Mark Jackson (appointed as the Honorary Secretary on 6[th] December 2023) Mr Kamran Hashemi (Honorary Treasurer) Mr Richard Bradley (Deputy Honorary Treasurer) (resigned on 26[th] July 2023) Dr Natalie Martin Professor Scott Redford Ms Mina Toksoz Dr John McManus Dr Anna Collar Dr. Catherine Draycott Dr Sophie Moore Professor Ayse Zarakol (appointed on 6[th] December 2023) Professor Martin Stokes (appointed on 6[th] December 2023)

Members of the BIAA Council rotating off as of December 2023: Mr. Ziya Meral, Dr. Warren Eastwood

PRESIDENT

Sir Dominick Chilcott, KCMG

VICE PRESIDENTS

Professor Stephen Mitchell (appointed on 6[th] December 2023, deceased 30[th] January 2024)

Sir David Logan, KCMG

DIRECTOR

Dr Lutgarde Vandeput

LONDON MANAGER

Miss Laura Paterson resigned as the London Manager on 11[th] January 2024 and Ms. Ekin Brigden was appointed as the new London Manager on 13[th] March 2024.

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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 region in all academic disciplines within the arts, humanities and social sciences and to maintain a centre of excellence in Ankara focused on research in these 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.

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 three 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 Directors 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.

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ACHIEVEMENTS AND PERFORMANCE

Institute activities during 2023/24 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 2023/24 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 environment; habitat and settlement in prehistoric, historical and contemporary perspectives; legacy data; using the past for the future.

Ten projects were funded in this financial year. These are aligned with the strategic research initiatives and range from small specific projects to larger interdisciplinary collaborations such as archaeological projects at Boncuklu (Neolithic), Aphrodisias (Classical) and ‘S‘ Geopolitics on the Ground: State-Making and Resource Extraction in the Upper Euphrates.

The Institute benefits from the presence of its post-doctoral research fellows in Turkey. Dr Gizem Pilavcı, a historian who received her PhD from the University of Oxford, continued her BIAA Postdoctoral fellowship focusing on the late Ottoman period. Dr Özlem Sarıtaş, a paleozoologist with a PhD from the University of Liverpool, worked on her project regarding domestication of animals in the neolithic from September 2022 onwards.

In addition, Dr Hakan Tarhan (IMT, Institute for Advanced Studies, Lucca) was hired from 1 January 2023 to 31 March 2024 to cover assistant directorship duties of Dr Işılay Gürsu during her BA MidCareer Fellowship-funded sabbatical. His research focused on a project entitled ‘Public Perception of the Byzantine Heritage in Türkiye’.

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 continued working at the institute as a research scholar throughout the financial year 2023-24. She worked with the Digital Repository Management team on a variety of tasks, including the cataloguing and digitalisation of the BIAA’s collections. She also acted as research assistant for the BIAA directors, especially in relation to the preparation of conferences.

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 supports the development of promising students into full academics.

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Research Grants (SRI-based) funded by BIAA (£51,737)

----- Start of picture text -----
Name Institution Project title Award
Early cultivation and palaeoenvironment in the western-central
University of Anatolian farming frontier: archaeobotanical research at
Kabukcu Liverpool Neolithic Ekşi Höyük. £1,348
Newcastle Geopolitics on the Ground: State-Making and Resource
Kezer University Extraction in the Upper Euphrates £2,000
Sheffield Agriculture in the Highlands: Kura-Araxes and Bedeni periods at
Longford University Rabati £2,000
University of From Townscape to Landscape. Focus transformation of a late
Brizzi Durham antique-early Byzantine residential area £5,000
University of Transitions to sedentism: From Epipalaeolithic to earliest
Baird Liverpool Holocene in central Anatolia (Pınarbașı) £5,000
University of Past environments in the transition to agriculture: sampling at
Ayala Sheffield Taş Tepeler, SE Anatolia £5,000
University of
Greaves Liverpool Alpha 3 £5,000
University of
Baird Liverpool Boncuklu; the first farmers of central Anatolia £10,000
University of
Smith Oxford The Tetrapylon Street at Aphrodisias £10,000
City, Turkey’s quest for strategic autonomy: Drivers, goals, and the
Aran and University of regional responses
Ktlay London £6,389
----- End of picture text -----

Travel scholarships (from postgraduate level onwards)

David French Scholarship

Name Institution Project title Award
Krause University
of Oxford		 MPhil dissertation research visiting libraries in Ankara and Istanbul.
Title of Mphil “Spatial Emotions and Changing Statehoods. Yemen in
Late Ottoman and(Early)Republican Turkish Self-Narratives.”		 £1,000
Callister University
of
Liverpool		 To contribute to the Telmessos SurveyProject £400

David Edwin Jameson Scholarship

----- Start of picture text -----
Name Institution Project title Award
----- End of picture text -----

David Edwin Jameson Scholarship David Edwin Jameson Scholarship David Edwin Jameson Scholarship David Edwin Jameson Scholarship
Name
Institution
Project title
Award
Downs University
of Oxford		 Telmessos Survey Project: Investigating the reliefs and Greek and
Lycian inscriptions on the hundreds of funerary monuments of
Archaic,Classical and Hellenistic Telmessos(Fethiye).		 £988

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Doughty Wylie Scholarships

Name Institution Project title Award
Britton University
College
London		 Participation in the Uşaklı Höyük archaeologicalproject. £581
Teber University
of Oxford		 Project on the Ottoman Kizilbash (Alevis)-Bektashis. Research trip to examine
a collection of seal matrices and amulets of the shrine of Hacı Bektaş (near
modern-dayKırşehir,Turkey).		 £815

Turkish and Black Sea Scholars' Fund Scholarships

Name Institution Project title Award
Badur Boğaziçi
University		 Transforming PhD into a book manuscript on the biography of Mehmed
Cavid(1876-1926).		 £1,999
Zlatanov Institute for
Historical
Studies		 To explore and analyze the role of the British Consular network in the
Ottoman Balkans duringthe Eastern Crisis of 1875–1878.		 £1,995
Cristea Babeș-Bolyai
University		 Migration of communities from Anatolia to Roman Dacia, together with
theirgods.		 £1,800
Demirbilek Cankiri
Karatekin
University		 Comparative research into green budgeting in the UK and Turkey as a
VisitingResearcher at Universityof Exeter.		 £2,000

Larger Project Expenditure

Name Institution Proposed activity
Award		 Proposed activity
Award
Rainwater
Harvesting for
Climate Change
Adaptation		 FCDO British
Embassy
International
Programme
Fund		 This BIAA-led project took place in
collaboration with Middle East Technical
University (METU) and Boğazici University
Istanbul between 18/10/2023 and
29/02/2024. It aimed at developing and
delivering an experience-based training
programme to equip municipalities in Türkiye
with the knowledge, resources and capacities
to implement sustainable rainwater
harvesting.
£59,730
Imagining Futures
Phase 2 II		 University of
Exeter		 Imagining Futures through Un/Archived Pasts’
(IF), an AHRC / GCRF Network+ project
funded by UKRI and led by the University of
Exeter. The project, in collaboration with
BILNAS (British Institute for Libyan and
Northern African Studies, a sister British
International Research Institute) focused on
widening access to archives by focusing on
the concept of ‘creators’ - people who
collect, create and interpret archival material
– as ways to connect documents and
information hosted in different institutions
(Total grant of £12,000, of which £4,382 for
2023-24).
£4,382

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----- Start of picture text -----
Imagining Futures University of BIAA scholars received mobility funding from £3,522.27
Mobility Funding Exeter IF to visit Liverpool University, Exeter
University and Kew Gardens related to the
ongoing research on the botanical collections
at the BIAA.
British Academy Mid British The project ‘Public Understanding of £71,965
Career Fellowship Academy Archaeology in Turkey (PUNAT)’, proposes to
(Dr Işılay Gürsu) publish and disseminate the results of a long-
term BIAA research initiative that aimed at
understanding the multi-layered relationship
between archaeology and society in Türkiye, a
country with a rich heritage but with many
challenges regarding its safeguarding.
Emergency Cultural The grant was awarded to the BIAA for the £8,000
Research Grants Protection purposes of supporting short-time research
scheme Fund, facilitation grants for academics affected by
administered the February 2023 earthquakes in Turkey
by the British
Council
£107,849
----- End of picture text -----

TOTAL EXPENDITURE ON RESEARCH GRANTS 2023/24: £350,233

PUBLICATIONS

Periodicals

In December 2023, Janine Su was appointed as consultant Publications Editor for the BIAA annual periodicals, Anatolian Studies and Heritage Türkiye, after the resignation of Abby Robinson. Janine had previously worked as a consulting editor on BIAA Monographs.

Naoise Mac Sweeney returned from maternity leave, and she and Anna Collar continued in their roles as co-editors (academic) of Anatolian Studies. Coming to the end of the term of appointment originally taken up by Mac Sweeney, an open call was made through mailing lists and social media for interest in the role of Academic Editor. Consideration of this is currently underway.

Monographs

The BIAA Monographs series has seen a few changes over this year: BIAA monographs are now distributed in e-book form by Casemate Academic. Print versions are available through Casemate UK, which took over distribution from Oxbow and is owned by Pen & Sword. BIAA Monographs are printed in small batches followed by print on demand supply. Printing is done by Printforce. Shipping was done by Orca, but United Independent Distributors (UID), which owned Orca, went into administration in July. Casemate UK have transferred the titles to their systems and will be receiving the stock from the Orca warehouse into their own, at which point distributions should resume without problems.

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BIAA Monographs has also had a redesign with new cover and new fonts, in line with the British Academy guidelines.

The following volumes were published in the 2023-24 financial year:

People of Anatolia: Past, Current and Future Research in the Biological Anthropology of Türkiye (BIAA Monograph 58) Edited by Benjamin Irvine, Yılmaz Selim Erdal and Lutgarde Vandeput

From Midas to Cyrus and Other Stories: Papers on Iron Age Anatolia in Honour of Geoffrey and Françoise Summers (BIAA Monograph 57) Edited by Catherine M. Draycott, Scott Branting, Joseph W. Lehner and Yasemin Özarslan

Two series continued in publication with IB Tauris/Bloomsbury: Contemporary Turkey, series editor Ceren Lord, and The Ottoman Empire in the Early Modern World, series editor Christopher Markiewizc. The following volumes were published during the 2023-24 financial year:

1. Malissa Taylor, Land and Legal Texts in the Early Modern Ottoman Empire: Harmonization, Property Rights, and Sovereignty ( The Ottoman Empire and the World

  1. Architectures of Emergency in Turkey. Heritage, Displacement and Catastrophe Edited by Eray Çaylı, Pınar Aykaç, Sevcan Ercan ( Contemporary Turkey )

  2. Zühre Emanet, The Politics of Education in Turkey. Islam, Neoliberalism and Gender ( Contemporary Turkey )

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 of the Institute in its Ankara premises.

Dr Daniel-Joseph MacArthur-Seal, Assistant Director since 1 September 2019, remained responsible for the supervision of library administration, providing guidance to the Research Scholar and a programme of events related to the Ottoman Empire and modern Turkey.

On 1 September 2023, Dr Peter Cherry took over the role of Assistant Director of Ottoman and Contemporary Türkiye, with responsibilities similar to those of Dr MacArthur-Seal.

Dr Işılay Gürsu was appointed Assistant Director for Cultural Heritage Management on 1 April 2022. Her position as Assistant Director was interrupted for a period of 15 months (1 January 2023 - 31 March 2024) because Dr Gürsu was granted a British Academy Mid-Career Fellowship. Originally the fellowship was awarded for 12 months and then extended for 3 more months till 31 March 2024.

The Ankara Manager, Gülgün Girdivan, oversaw the day-to-day administrative management of the Institute in Ankara, assisted by the part-time (50%) Assistant Manager Başak Bodur,

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Housekeeper Keziban Çoşgun and Mustafa Balcı, part-time Concierge, continued to look after the premises in Ankara.

Özlem Başdoğan was hired in the framework of Dr Işılay Gürsu’s BA Mid-Career Fellowship to serve as a research assistant of Dr Gürsu and to assist with administration related task related to Dr. Gürsu’s assistant directorship. This task was also handled by Dr. Hakan Tarhan, who was appointed as a post-doc fellow in cultural heritage. He dedicated 50% of his time to his post-doc research and the remaining half to take over Dr. Gürsu’s administrative tasks such as events.

Burçak Delikan, the Resource Manager, oversaw the library throughout the year and coordinated work on physical resources..The Assistant Librarian Nihal Uzun provided assistance for users of the library collections and physical research collections.

Dr 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.

Miss Laura Paterson resigned as the London Manager on 11[th] January 2024 and Ms. Ekin Brigden was appointed as the new London Manager on 13[th] March 2024.

Martyn Weeds continued in his position of Senior Development manager (0.7 FTE), in which he supports the research staff to systematically pursue larger research grants, works to diversify the BIAA’s income by securing funding from trusts, foundations, companies and individual donors and to increase the BIAA’s public and academic profile through outreach and public engagement activities. He also line manages the Development and Communications Assistant (0.5FTE), Nora Straw, who joined the BIAA on 18[th] March 2024 after the resignation of Charlotte Jordan. The Development and Communications Assistant engages in raising the BIAA’s visibility by disseminating information, also via social media and is involved in the BIAA’s extensive programme of events.

RESEARCH RESOURCES

The David French Library in Ankara and other resources collections, such as the animal bones reference collection, pottery sherds collection, seed collections and squeeze collections, have been in continuous use. Over the past year, there has been a continued demand to visit, consult and work on these resources from UK-based researchers, the local academic community and, increasingly, scholars from other countries around the world. One of the Institute in Ankara’s key roles is to provide 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 now fully web accessible.

Work on digitisation of the photographic collections, the archives and the archaeological collections to secure preservation and to make them accessible world-wide, is ongoing. Data are being induced into the BIAA Digital Repository Management System.

LECTURES AND EVENTS

During 2023/24 the Institute hosted regular virtual lectures in London and Ankara.

Date Event Title Location
2ndMay 2023 The Day the Great War ended: The Treaty of Lausanne of
24 July 1923		 BIAA, 154 Atatürk
Bulvarı, Ankara

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----- Start of picture text -----
BIAA, 154 Atatürk
4th May 2023 Animal Domestication in the Era of Ancient Genomics
Bulvarı, Ankara
What’s the Meaning of Stonehenge? An Exploration of
16 May 2023 Online only
Public Perceptions & Public Engagement
Jalal al-Din Rumi and his Legacy: Religion, Literature and
BIAA, 154 Atatürk
6-7 July 2023 Culture between Medieval Anatolia and the Persianate
Bulvarı, Ankara
World, 13th-14th Centuries
28 September BIAA, 154 Atatürk
Documentary Screening: Olive
2023 Bulvarı, Ankara
17 October The 100th Anniversary of the Turkish Republic: its foreign British Academy,
2023 policy yesterday, today and tomorrow London
24 October
Book Launch: The Politics of Education in Türkiye Online only
2023
9 November Plural Heritages and Communities: A Workshop on Theory, BIAA, 154 Atatürk
2023 Politics, and Practice of Community Co-production Bulvarı, Ankara
ODTÜ Mimarlık
22 November Wikimedia, Vikipedi, Vikiveri ve WikiGLAM Projeleri
Fakültesi Kubbealtı
2023 Seminer
Salonu, Ankara
28 November Issos-Epiphaneia Archaeological Research Project: BIAA, 154 Atatürk
2023 Excavations Carried Out and Future Goals Bulvarı, Ankara
6 December British Academy,
75 years of the British Institute at Ankara – and Beyond?
2023 London
8-10 December Contextualizing the Neolithic: Regional Approaches to Bilkent University,
2023 Sedentism and Domestication in the Konya Plain Ankara
8 December İstanbul Politikalar
İklim Değişikliğine Uyumda Yağmur Suyu Hasadı
2023 Merkezi
Book Launch: Mobility and Armenian Belonging in
12 December BIAA, 154 Atatürk
Contemporary Turkey: Migratory Routes and the Meaning
2023 Bulvarı, Ankara
of “Local”
What Happens Afterwards? Towards Resilient Heritage at
23 January BIAA, 154 Atatürk
the Earthquake-Impacted City of Tell Atchana, Alalakh
2024 Bulvarı, Ankara
(Hatay, Türkiye)
12 February Kapanış Toplantısı: Belediyeler İçin Yağmur Suyu Yönetimi
2024 Eğitimi
13 February BIAA, 154 Atatürk
2024 The Politics of Archaeology: Is the Past a Foreign Country? Bulvarı, Ankara
20 February Following Miss Bell: Travels Around Turkey in the BIAA, 154 Atatürk
2024 Footsteps of Gertrude Bell Bulvarı, Ankara
----- End of picture text -----

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BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

21 February
2024		 ‘In the time of the Universal Khan’: The City of Ani in the
Mongol World-Empire, 1236-1331		 Society of Antiquaries,
Burlington House,
London
4 March 2024 Women in Science, Culture and Diplomacy: The Legacy of
Lady Mary Wortley Montagu – Scientist, Writer and
Feminist		 British Embassy, Ankara
5 March 2024 BOOK LAUNCH – The Pioneering Life of Lady Mary
Wortley Montagu: Scientist and Feminist by Jo Willett		 BIAA, 154 Atatürk
Bulvarı, Ankara
15 March 2024 Sustainable Water Management: Learning from the Past to
Inform the Future		 British Academy,
London

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BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

FINANCIAL REVIEW

The audited accounts of the Institute for the year ended 31 March 2024 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 £830,084. Because of the terms of British Academy BIRI grants in force from 2016/17, all BIRI funding is now treated as Restricted Funds.

Turkish Scholars Fund

The fund provided four grants totalling £8,295 leaving the fund decreased from £68,101 to £61,958 at the end of the year.

Professor O.R. Gurney Memorial Fund

After receipt of investment income, the fund balance carried forward increased from £52,745 to £54,027 at the end of the year.

David French Fund

Two grants were awarded by the fund totalling £1,400. The fund balance carried forward decreased from £18,100 to £16,700 the end of the year.

David Edwin Jameson Fund

The fund awarded one grant totalling £1,174, and the fund balance carried forward decreased from £25,020 to £24,667 at the end of the year.

Doughty-Wylie Scholarship Fund

The fund provided two grants totalling £1,396 to support postgraduate students in any field of the arts, humanities and social sciences to participate in fieldwork or other research activity in Turkey.

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 shortterm 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. For restricted funds, some dividend income is required in order to award grants so investments will therefore be oriented towards both income and potential for capital growth and/or capital protection.

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BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

With the moderate recovery in the global stock markets, the market value of investments recovered by 18% or £64,973 during the year to 31 March 2024.

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 £200,000, 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 2024, free reserves stood at £394,287.

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 the BIRI Treasurers and Directors, and by maintaining close relations with the British Embassy in Ankara and with the General Directorate of Cultural Heritage and Museums Türkiye in the Turkish Ministry of Culture and Tourism.

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 region 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, Moore Kingston Smith LLP - 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: 19/12/2024

Report and Accounts for the year ended 31 March 2024

16

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

Opinion

We have audited the financial statements of the British Institute Of Archaeology At Ankara (the ‘charitable company’) for the year ended 31 March 2024 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

Report and Accounts for the year ended 31 March 2024

17

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.

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 :

Report and Accounts for the year ended 31 March 2024

18

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

returns; or

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 15 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.

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:

Report and Accounts for the year ended 31 March 2024

19

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

• Those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards, Company Law, and Charity Law. • Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the charity and therefore may have a material effect on the financial statements include compliance with the charitable objectives, public benefit, Turkish law, employment laws, safeguarding and health & safety legislation.

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:

Report and Accounts for the year ended 31 March 2024

20

BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA

concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charitable company to cease to continue as a going concern.

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.

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 Wicks Senior Statutory Auditor For and on behalf of Moore Kingston Smith LLP Chartered Accountants and Statutory Auditors

4 Victoria Square St Albans Hertfordshire AL1 3TF

Date: 19 December 2024

Report and Accounts for the year ended 31 March 2024

21

Statement of Financial Activities (Incorporating income and Expenditure Account)

For the year ended 31 March 2024

British Institute of Archaeology at Ankara

Notes
Donations and Legacies
2 (a)
Charitable Activities
2 (b)
Investments
2 (c)
Total
Expenditure on:
Raising funds
3 (a)
Charitable Activities
3 (a)
Total
Gains and losses on revaluation and
disposal of investment assets:
Unrealised
6
Realised
6
Net gains/(losses) on investments
Net income/(expenditure)
Transfers
11
Net Movement in Funds
Reconciliation of Funds
Funds brought forward (as restated)
Funds carried forward
Income and Endowments from:		 Unrestricted
Restricted
Total 2024
Unrestricted
(as restated)
Restricted
(as restated)
Total 2023
£
£
£
£
£
£
8,094
952,701
960,795
33,752
884,518
918,270
31,078
-
31,078
46,474
-
46,474
6,981
5,278
12,259
6,457
3,199
9,656
46,153
957,979
1,004,132
86,683
887,717
974,400
3,267
9,875
13,142
5,687
14,146
19,833
(149,348)
986,742
837,394
7,989
1,006,262
1,014,251
(146,081)
996,617
850,536
13,676
1,020,408
1,034,084
23,052
(1,017)
22,035
(8,988)
(6,109)
(15,097)
(7,528)
351
(7,177)
(2,679)
(3,382)
(6,061)
15,524
(666)
14,858
(11,667)
(9,491)
(21,158)
207,758
(39,304)
168,454
61,340
(142,182)
(80,842)
-
-
-
(15,629)
15,629
-
207,758
(39,304)
168,454
45,711
(126,553)
(80,842)
244,922
260,556
505,478
199,211
387,109
586,320
452,680
221,252
673,932
244,922
260,556
505,478

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

22

Balance Sheet

For the year ended 31 March 2024 British Institute of Archaeology at Ankara

2023
Notes 2024 (as restated)
£ £
Fixed Assets:
Tangible assets 5 58,393 49,748
Investments 6 426,267 361,294
Total Fixed Assets: 484,660 411,042
Current assets:
Stock of Publications 17,881 5,645
Debtors (as restated) 7 98,153 78,237
Cash at bank and in hand 8 207,268 313,082
Total Current assets: 323,302 396,964
Liabilities
Creditors: Amounts falling due within one year 9 (82,911) (50,414)
Net current assets 240,391 346,550
Total assets less current liabilities 725,051 757,592
Provision for post-employment benefits 10 (51,119) (252,114)
Net Assets 673,932 505,478
Total funds of the charity
Unrestricted funds 11,12 452,680 244,922
Restricted funds 11,12 221,252 260,556
Total Funds of the Charity 673,932 505,478

Registered Charity Number : 313940, registered Company Number : 00477436

The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006. Under Companies Act 2006, Section 454, on a voluntary basis, the trustees can amend these financial statements if they subsequently prove to be defective. The financial statements are prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

----- Start of picture text -----
Approved by the Board of directors on __, and signed on its behalf19/12/2024
Prof Jim Crow
Name: ___ Signature: ___
Mr Kamran Hashemi
Name: ___ Signature: ______
----- End of picture text -----

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

23

Statement of Cash Flows

For the year ended 31 March 2024 British Institute of Archaeology at Ankara

Notes
Cash flow from operating activities		 2024
2023
(as restated)
£
£
Net income/(expenditure) for the year (as restated)
Adjustments for:
Depreciation on Equipment
5
Investment income
6
Losses/(gains) on investments
6
(Increase)/reduction in stock
(Increase)/reduction in debtors (as restated)
7
Increase/(reduction) in creditors (as restated)
9
Increase/(reduction) in provisions
10
Net cash flow from operating activities		 168,454
(80,842)
10,175
13,676
(12,259)
(9,656)
(14,858)
21,158
(12,236)
-
(19,916)
30,835
41,040
(4,127)
(200,995)
813
(40,595)
(28,143)
(184,820)
(65,404)
127,218
60,037
12,259
9,656
(18,820)
(284)
(64,163)
4,005
Cash flow from investing activities
Purchase of investments
6
Proceeds from sale of investments
6
Investment income
6
Purchase of tangible fixed assets
5
Net cash flow from investing activities
Cash and cash equivalents at the beginning of the year 324,226
352,524
Change in cash and cash equivalents in the year (104,758)
(24,138)
Change in cash and cash equivalents due to exchange
rate movements		 (8,543)
(4,160)
Cash and cash equivalents brought forward 210,925
324,226
Cash and cash equivalents is made up of the following:
Cash at bank and in hand		 207,268
313,082
Cash held as part of investments 3,657
11,144
Changes in net debt
Cash at bank and in hand
Cash held as part of investments		 210,925
324,226
At 31 Mar 2023
Cash flows At 31 Mar 2024
£
£
£
313,082
(105,814)
207,268
11,144
(7,487)
3,657
324,226
(113,301)
210,925

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

24

Notes to the Accounts

For the year ended 31 March 2024 British Institute of Archaeology at Ankara

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 1).

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 over £1,000 (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- 10 % straight line Security equipment- 33 1/3 % straight line

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.

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.

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

25

Notest to the accounts continued

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:

Restricted income is recorded in the SoFA when receivable.

k) Resources expended

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:

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

26

Notest to the accounts continued

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 trusteeadministered 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 and the deficit recovery contributions payable under the scheme’s Recovery Plan.

Where a scheme valuation determines that the scheme is in deficit on a technical provisions basis (as was the case following the 2020 valuation), the trustee of the scheme must agree a Recovery Plan that determines how each employer within the scheme will fund an overall deficit. The institution recognises a liability for the contributions payable that arise from such an agreement (to the extent that they relate to a deficit) with related expenses being recognised through the income statement. Further disclosures relating to the deficit recovery liability can be found in note 10.

o) Judgements 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 5 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 multi-employer 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) with the resulting expense charged through the profit or loss account in accordance with section 28 of FRS 102.

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

27

Notes to the Accounts continued

2. Income

(a) Income from Donations and Legacies

Donations and appeals

Unrestricted Restricted Total 2024 Unrestricted Restricted Total 2023
£ £ £ £ £ £
Donations 4,601 - 4,601 7,575 7,920 15,495
Total income from Donations and
Appeals		 4,601 - 4,601 7,575 7,920 15,495
Grants
BIRI Research Grant
BIRI Library Grant
BIRI Outreach Grant
BIRI Core Grant
BIRI Contingency Grant
BA Business Development Fund
BIRI Top Slice Grant
BIRI Collective Grant
BA Additional Grant
BA Mid-Year Fellowship
Archives Portal Development
Boncuklu Fund
Cultural Heritage Management Project
Doughty Whylie Scholarship Grant
Fragile Landscapes project
Emergency Research Facilitation Grant
(as restated)
Ferikoy Grant
Imagining Futures (as restated)
Knowledge Frontiers Grant
MEAP
Other Grants
Rainwater Harvesting Project
Returned Grants		 Unrestricted
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
£
350,233
49,375
41,250
231,859
9,100
88,288
-
28,382
-
31,597
-
19,616
-
1,396
2,510
-
-
-
-
39,365
-
59,730
-		 Total 2024
£
350,233
49,375
41,250
231,859
9,100
88,288
-
28,382
-
31,597
-
19,616
-
1,396
2,510
-
-
-
-
39,365
-
59,730
-		 Unrestricted
£
-
-
-
-
-
-
14,719
-
-
-
-
-
-
-
-
-
-
-
-
-
2,480
-
-		 Restricted
(as restated)
£
303,378
37,165
19,712
157,507
54,053
84,084
-
58,000
53,309
50,145
4,020
21,902
1,121
985
-
8,000
4,327
14,500
2,700
-
400
-
1,290		 Total 2023
£
303,378
37,165
19,712
157,507
54,053
84,084
14,719
58,000
53,309
50,145
4,020
21,902
1,121
985
-
8,000
4,327
14,500
2,700
-
2,880
1,290
Total Income from Grants - 952,701 952,701 17,199 876,598 893,797

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

28

Notes to the Accounts continued

2. Income – continued

Subscriptions

Membership subscriptions
Total Income from Subscriptions
Total Income from Donations and
Legacies
(b) Income from Charitable Activities
Publication Income (as restated)
Event, guest house and vehicle income
Total Income from Charitable
Activities
(c) Investment Income
Investment income
Bank interest
Total Investment Income
Total Income		 Unrestricted
Restricted
Total 2024
Unrestricted
Restricted
Total 2023
£
£
£
£
£
£
3,493
-
3,493
8,978
-
8,978
3,493
-
3,493
8,978
-
8,978
8,094
952,701
960,795
33,752
884,518
918,270
Unrestricted
Restricted
Total 2024
Unrestricted
(as restated)
Restricted
Total 2023
£
£
£
£
£
£
18,213
-
18,213
35,292
-
35,292

12,865
-
12,865
11,182
-
11,182
31,078
-
31,078
46,474
-
46,474
Unrestricted
Restricted
Total 2024
Unrestricted
Restricted
Total 2023
£
£
£
£
£
£
4,214
5,067
9,281
4,913
3,131
8,044
2,767
211
2,978
1,544
68
1,612
6,981
5,278
12,259
6,457
3,199
9,656
46,153
957,979
1,004,132
86,683
887,717
974,400

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

29

Notes to the Accounts continued

3. Charitable Expenditure

(a) Charitable Activities

Grants to Individuals

Research Fellows, Research Scholars
and Research Assistants
Total Grants to individuals
Grants to Institutions
University of Liverpool - Baird
University of Oxford - Bachhuber
University of Oxford - Smith
University of Liverpool - Greaves
University of Liverpool - Greaves
University of Cambridge - Guzel
Stanford - Hodder
Grants to institutions under £2000
University of Liverpool - Kabukcu
University of Sheffield - Longford
University of Durham - Brizzi
University of Newcastle - Kezer
City University, London - Aran and
Kutlay
University of Liverpool - Greaves
University of Liverpool - Baird
(Boncuklu)
University of Liverpool - Baird
(Pinarbasi)
University of Sheffield - Ayala (Tas
Tepler)
Total grants to Institutions
Total Grants		 Unrestricted
Restricted
Total 2024
Unrestricted
Restricted
Total 2023
£
£
£
£
£
£

400
76,707
77,107
-
88,495
88,495
400
76,707
77,107
-
88,495
88,495
Unrestricted
Restricted
Total 2024
Unrestricted
Restricted
Total 2023
£
£
£
£
£
£
-
-
-
-
10,300
10,300
-
-
-
-
4,300
4,300
-
10,000
10,000
-
10,300
10,300
-
-
-
-
3,800
3,800
-
-
-
-
3,800
3,800
-
-
-
-
3,300
3,300
-
-
-
-
5,500
5,500
-
-
-
-
6,988
6,988
-
1,348
1,348
-
-
-
-
2,000
2,000
-
-
-
-
5,000
5,000
-
-
-
-
2,000
2,000
-
-
-
-
6,389
6,389
-
-
-
-
5,000
5,000
-
-
-
-
10,000
10,000
-
-
-
-
5,000
5,000
-
-
-
-
5,000
5,000
-
-
-
-
51,737
51,737
-
48,288
48,288
400
128,444
128,844
-
136,783
136,783

Other Charitable Activities

Directly Allocated Costs: London
Turkey costs
Other Direct Costs
Support costs
Total Other Charitable Activities
Total Charitable Activities		 Unrestricted
Restricted
Total 2024
Unrestricted
Restricted
Total 2023
£
£
£
£
£
£
14,939
283,934
298,873
-
341,445
341,445
19,824
334,654
354,478
5,463
269,576
275,039
4,766
166,286
171,052
-
248,634
248,634
(186,010)
83,299
(102,711)
8,213
23,970
32,183
(146,481)
868,173
721,692
13,676
883,625
897,301
(146,081)
996,617
850,536
13,676
1,020,408
1,034,084

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

30

Notes to the Accounts continued

3. Expenditure – continued

(b) Analysis of Other Charitable Activities

London
Director’s salary pension and
allowances
Assistant Director salary, pension
and allowances
London Manager’s salary and
pension
Assistant to London Manager’s
salary and pension
Publication Editor’s salary and
pension
Senior Development Manager’s
salary and pension
Development and Communications
Assistant salary
Consultants and part time staff
Total London
Turkey
Hostel expenses
Institute expenses
Salaries and wages
Office and library expenses
Vehicle expenses
Total Turkey
Other Direct Costs
Catalhoyuk
Imagining Futures
London Archives storage
Rainwater Harvesting Project
Fragile Landscapes project
Research materials and equipment
Water Conference
Emergency Research Facilitation
Grant (BA)
Additional Emergency Research
Facilitation (CPF)
Cultural Heritage Management
Boncuklu
BDF projects
Ankara Workshops
Journal and Monograph
Publication costs
Library acquisitions
BIRI projects
Herbarium project
Nahrein project
Knowledge frontiers
Other projects
75th Anniversary Film
Total Direct Costs		 2024
2024
2024
2024
2023
2023
2023
2023
Direct Activity
Costs
(unrestricted)
Direct Activity
Costs (restricted)
Raising Funds
Total
Direct Activity
Costs
(unrestricted)
Direct
Activity
Costs
(restricted)
Raising Funds
Total
£
£
£
£
£
£
£
£
-
97,920
5,154
103,074
-
83,882
4,415
88,297
-
47,463
2,498
49,961
-
87,583
9,731
97,314
-
60,238
-
60,238
-
51,277
-
51,277
-
18,955
-
18,955
-
-
-
-
14,063
2,794
-
16,857
-
13,817
-
13,817
876
40,115
-
40,991
-
29,330
-
29,330
-
8,797
-
8,797
-
9,609
-
9,609
-
-
-
-
-
51,801
-
51,801
14,939
276,282
7,652
298,873
-
327,299
14,146
341,445
7,280
-
-
7,280
3,898
-
-
3,898
-
47,466
-
47,466
-
42,698
-
42,698
-
241,308
-
241,308
-
155,480
-
155,480
11,085
45,880
-
56,965
-
71,398
-
71,398
1,459
-
-
1,459
1,565
-
-
1,565
19,824
334,654
-
354,478
5,463
269,576
-
275,039
-
4,888
-
4,888
-
-
-
-
-
5,000
-
5,000
-
-
-
-
-
233
-
233
-
-
-
-
-
59,730
-
59,730
-
-
-
-
-
2,510
-
2,510
-
-
-
-
396
20,649
-
21,045
-
-
-
-
-
28,382
-
28,382
-
-
-
-
-
10,000
-
10,000
-
-
-
-
-
8,000
-
8,000
-
-
-
-
408
-
-
408
-
5,251
-
5,251
-
1,787
-
1,787
-
-
-
1,544
-
1,544
-
48,829
-
48,829
-
14,073
-
14,073
-
13,285
-
13,285
-
-
-
-
-
354
-
354
3,962
-
-
3,962
-
11,383
-
11,383
-
9,490
-
9,490
-
17,462
-
17,462
-
-
-
-
-
15,976
-
15,976
-
-
-
-
-
5,516
-
5,516
-
-
-
-
-
4,020
-
4,020
-
-
-
-
-
115,121
-
115,121
-
-
-
-
2,480
-
2,480
-
-
-
-
-
8,957
-
8,957
4,766
166,286
-
171,052
-
248,634
-
248,634

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

31

Notes to the Accounts continued

3. Expenditure – continued

Support costs allocated to activities

USS pension deficit movement
Ankara retirement and severance
provision movement
London office costs
Marketing expenses
Bank charges
Audit – Ankara
Audit and accountancy fees –
London
Trustees’ expenses & meeting costs
Foreign exchange
Depreciation
London office rent
Staff training
Turkey Office costs
Membership database
Cost of living payments
Accountancy support
Staff travel
Investment management fees from
restricted funds
Investment management fees from
unrestricted funds
IT support
Total Support costs allocated to
activities
Total Other Charitable activities		 2024
2024
2024
2024
2023
2023
2023
2023
Direct Activity
Costs
(unrestricted)
Direct Activity
Costs (restricted)
Raising Funds
Total
Direct Activity
Costs
(unrestricted)
Direct
Activity
Costs
(restricted)
Raising Funds
Total
£
£
£
£
£
£
£
£
(189,634)
-
-
(189,634)
(26,928)
-
-
(26,928)
(19,064)
-
-
(19,064)
-
-
-
-
-
10,683
-
10,683
9,327
5,209
5,687
20,223
328
-
-
328
-
-
-
-
-
2,469
-
2,469
2,291
-
-
2,291
-
5,399
-
5,399
-
1,633
-
1,633
-
20,700
-
20,700
-
14,579
-
14,579
-
6,064
-
6,064
-
2,549
-
2,549
8,543
-
-
8,543
4,160
-
-
4,160
10,013
162
-
10,175
13,676
-
-
13,676
-
8,770
-
8,770
-
-
-
-
-
6,169
-
6,169
-
-
-
-
537
-
-
537
-
-
-
-
-
-
1,152
1,152
-
-
-
-
-
13,606
-
13,606
-
-
-
-
-
4,011
-
4,011
-
-
-
-
-
892
-
892
-
-
-
-
-
-
1,071
1,071
-
-
-
-
-
-
3,267
3,267
-
-
-
-
-
2,151
-
2,151
-
-
-
-
(189,277)
81,076
5,490
(102,711)
2,526
23,970
5,687
32,183
(149,748)
858,298
13,142
721,692
7,989
869,479
19,833
897,301

(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
Total London		 2024
2023
15,461
13,245
2,498
4,866
12,048
10,255
20,700
14,579
5,399
1,633
6,064
2,549
-
2,422
62,170
49,549

Audit fees for 2024 were £12,750 + VAT (2023 £12,150 + VAT for Independent Examination and preparation of accounts).

Costs are allocated to Raising Funds and Governance as follows:

----- Start of picture text -----
London costs Raising Funds Governance
Director’s salary pension and
allowances 5% 15%
Assistant Director’s salary, pension
and allowances 10% 5%
London Manager’s salary and
pension 0% 20%
Audit and accountancy - London 0% 100%
Audit - Ankara 0% 100%
Trustee expenses & meeting costs 0% 100%
----- End of picture text -----

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

32

Notes to the Accounts continued

4. Employee costs

The average monthly number of UK based employees during the year was 7 (2023: 3).In addition there were 11 employees based in Turkey (2023: 8) making a total of 19 (2023: 11).

One employee’s salary and benefits fell into the range £70,000 to £80,000 (2023: one, £80,000 to £90,000).

The Institute’s key management personnel comprise the Director, the Assistant Director, the second Assistant Director and London Manager. Their total remuneration including all salaries, pension and other benefits was £243,300 (2023: £227,581)

Staff costs in Turkey were £241,308 (2023: £155,480).

The costs of employing UK remunerated staff were:

Salaries
National insurance costs
Pension costs
Pension costs USS movement
Other benefits
School fees
Total Employment Costs		 2024
2023
£
£
227,438
227,892
6,243
3,146
43,505
43,889
(189,634)
(26,928)
11,499
15,345
-
2,079
99,051
265,423

5. Tangible Assets

5. Tangible Assets
Computer and
Survey Equipment		 Ankara
Refurbishments		 Security
Equipment		 Motor Vehicles Total
£ £ £ £ £
Cost:
Brought forward 106,874 96,673 20,553 16,157 240,257
Additions in the year 6,462 12,358 - - 18,820
Carried forward 113,336 109,031 20,553 16,157 259,077
Depreciation:
Brought forward 105,731 48,068 20,553 16,157 190,509
Charge in the year 516 9,659 - - 10,175
Carried forward 106,247 57,727 20,553 16,157 200,684
Net book value:
At 31 March 2024 7,089 51,304 - - 58,393
At 31 March 2023 1,143 48,605 - - 49,748

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).

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

33

Notes to the Accounts continued

5. Tangible Assets – continued

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 2 full-time librarians. The centre houses a library of 27,384 books as well as 26,224 Journal volumes covering 1,239 Journal Titles (including Newsletters and Reports). Furthermore, the library’s collections comprise 1,944 offprints, 95 theses and 455 items of audio-visual material (CD’s, DVD’s). The book collection of the library includes 160 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 54,000 volumes, excluding offprints, 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 Turkiye

The BIAA’s library also holds a small collection of books and journals on contemporary Turkiye 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 Turkiye and a large part of the Middle East, the Black Sea and the Balkans.

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. Furthermore, the BIAA houses extensive and important collections of squeezes, pottery shreds, animal bones, seeds and other materials.

There are more than 5,000 paper squeezes of inscriptions (particularly milestones) in 3,198 envelopes from all over Turkiye. 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 Turkiye. The oldest part of this collection goes back to the beginnings of the 20th 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 Turkiye 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 Turkiye 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. To date, the institute has digitised its squeeze collection, pottery collection, numerous drawings and more than 15,000 photographs.

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

34

Notes to the Accounts continued

----- Start of picture text -----
6. Investments 2024 2024 2023 2023
Market Market
Fund Cost Cost
Value Value
£ £ £ £
Unrestricted
Phoenix Fund bond - - 10,024 9,931
GAM Star Fund 13,391 11,542 13,391 10,621
CF Miton UK Multi Cap - - 6,753 7,280
Troy Income & Growth - - 10,365 10,590
Fundsmith LLP 3,051 10,361 3,050 9,020
CCLA Investment COIF 18,068 38,719 18,068 35,259
Blackrock Liquidity 22,428 22,606 - -
Other Investments 215,700 237,362 143,984 165,094
Restricted
M&G Charifund 19,320 29,122 19,320 29,663
BNY Mellon Asia Pacific 10,754 13,747 10,754 13,311
T Bailey Fund 11,163 12,893 11,163 12,606
Comgest Growth - - 6,184 6,270
Octopus Renewables 11,519 7,150 11,520 9,510
BNY Mellon Global 13,417 14,078 9,778 9,841
Blackrock European 8,168 8,842 - -
Bellevue Healthcare 9,337 8,591 9,337 8,316
Other Investments 9,619 7,597 14,911 12,838
365,935 422,610 298,602 350,150
Market value at beginning of year 350,150 365,941
Purchases 184,820 65,404
Disposal proceeds (127,218) (60,037)
Unrealised gain/(loss) in market value 22,035 (15,097)
Realised gain in market value (7,177) (6,061)
422,610 350,150
Investment cash 3,657 11,144
Market value at end of year 426,267 361,294
----- End of picture text -----

7. Debtors

Trade debtors
Prepayments and accrued income (as restated)
8. Cash at bank and in hand
London
Ankara
Restricted - specific		 Unrestricted
Restricted
Total 2024
Unrestricted
(as restated)
Restricted
Total 2023
£
£
£
£
£
£
50
19,914
19,964
13,667
-
13,667
15,899
62,290
78,189
51,570
13,000
64,570
15,949
82,204
98,153
65,237
13,000
78,237
Unrestricted
Restricted
Total 2024
Unrestricted
Restricted
Total 2023
£
£
£
£
£
£
154,208
-
154,208
269,348
-
269,348
12,623
-
12,623
8,141
-
8,141
-
40,437
40,437
-
35,593
35,593
166,831
40,437
207,268
277,489
35,593
313,082

9. Creditors

Trade creditors
Accruals and other creditors		 Unrestricted
Restricted
Total 2024
Unrestricted
Restricted
Total 2023
£
£
£
£
£
£
4,276
11,052
15,328
15,134
-
15,134
1,667
65,916
67,583
35,280
35,280
5,943
76,968
82,911
50,414
-
50,414

At the year end the charity had deferred income of £1,667 (2023: £nil) which relates to membership income. During the year £nil (2023: £nil) was released from deferred income

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

35

Notes to the Accounts continued

10. Provision for Post Employment Benefits

USS deficit fund
Ankara staff retirement and severance fund
Balance carried forward
Provision for Ankara staff retirement and severance
fund
Balance brought forward
Increase/(decrease) in provision
Balance carried forward
Provision for USS deficit
Balance brought forward
Increase/(decrease) in provision
Balance carried forward		 2024
£
-
51,119
51,119
62,480
(11,361)
51,119
189,634
(189,634)
-		 2023
£
189,634
62,480
252,114
40,592
21,888
62,480
210,709
(21,075)
189,634

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 £43,505 (2023: £43,889)

The total credit released to the profit and loss account is £189,634 (2023: £21,075).

Deficit recovery contributions due within one year for the institution are £Nil (2023: £13,549).

A deficit recovery plan was put in place as part of the 2020 valuation, which required payment of 6.2% of salaries over the period 1 April 2022 until 31 March 2024, at which point the rate would increase to 6.3%. No deficit recovery plan was required under the 2023 valuation because the scheme was in surplus on a technical provisions basis. The institution was no longer required to make deficit recovery contributions from 1 January 2024 and accordingly released the outstanding provision to the profit and loss account.

The latest available complete actuarial valuation of the Retirement Income Builder is as at 31 March 2023 (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 benefit) assets and liabilities, the following disclosures reflect those relevant for those assets and liabilities as a whole.

The 2023 valuation was the seventh 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 to cover their technical provisions (the statutory funding objective). At the valuation date, the value of the assets of the scheme was £73.1 billion and the value of the scheme’s technical provisions was £65.7 billion indicating a surplus of £7.4 billion and a funding ratio of 111%.

The key financial assumptions used in the 2023 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-funding-principles).

----- Start of picture text -----
2024 2023
Discount rate 3% 3.78%
Pensionable salary growth 3% 3%
CPI assumption: Term dependent rates in line with the difference between the Fixed Interest and Index Linked yield curves,
less:
1.0% p.a to 2030, reducing linearly by 0.1% p.a. from 2030
Pension increases (subject to a floor of 0%)
Benefits with no cap:
CPI assumption plus 3bps
Benefits subject to a 'soft cap' of 5% (providing inflationary increases up to 5% and half of any excess
inflation over 5% up to a maximum of 10%)
CPI assumption minus 3 bps
Discount rate (forward rates) : Fixed interest gilt yield curve plus:
Pre-retirement: 2.5% p.a
Post-retirement: 0.9% 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 2023 actuarial valuation. The mortality assumptions used in these figures are as follows:
2023 Valuation
Mortality base table 101% of S2PMA “light” for males and 95% of S3PFA for females
Future improvements to mortality CMI 2021 with a smoothing parameter of 7.5, an initial addition of 0.4% p.a. 10% w2020 and w2021
parameters, and a long-term improvement rate of 1.8% pa for males and 1.6% pa for females
----- End of picture text -----

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

36

Notes to the Accounts continued

10. Provision for Post Employment Benefits – continued

The current life expectancies on retirement at age 65 are:

2024 2023
Males currently aged 65 (years) 23.7 24
Females currently aged 65 (years) 25.6 25.6
Males currently aged 45 (years) 25.4 26
Females currently aged 45 (years) 27.2 27.4

At 31 March 2023, the Charity's balance sheet included a liability of £189,634 for future contributions payable under the deficit recovery agreement which was concluded on 30 September 2021, following the 2020 valuation when the scheme was in deficit. No deficit recovery plan was required from the 2023 valuation, because the scheme was in surplus. Changes to contribution rates were implemented from 1 January 2024 and from that date the Charity was no longer required to make deficit recovery contributions. The remaining liability of £189,634 was released to the profit and loss account.

Ankara Staff Retirement and Severance

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

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

37

Notes to the Accounts continued

11. Reconciliation of Funds

BIRI Research Grant
BIRI Library Grant
BIRI Outreach Grant
BIRI Core Grant
BIRI Fixed Asset Fund
BIRI Contingency Grant
BIRI Business Development Grant
BIRI Collective Grant
BA Mid-Career Fellowship
Doughty Whylie Scholarship grant
Boncuklu
Catalhoyuk Publications
David French
Fragile Landscapes project
(CPF) (as restated)
Imagining Futures (as restated)
Jameson Scholarships
Masters Dissertation
MEAP
Other
Prof O.R. Gurney Memorial
Rainwater project
Turkish Scholars
Funds c/f
General funds		 Funds b/f
Prior Year
Adjustment
Funds b/f
(as restated) Income
Expenditure
Gains & losses
on
investments
Transfers
Funds c/f
£
£
£
£
£
£
-
-
-
350,233
(350,233)
-
-
-
-
-
-
49,375
(49,375)
-
-
-
-
-
-
41,250
(41,250)
-
-
-
-
-
-
231,859
(213,039)
-
(18,820)
-
-
-
-
-
(162)
-
18,820
18,658
11,549
-
11,549
9,100
(20,649)
-
-
-
-
-
-
88,288
(88,288)
-
-
-
-
-
-
28,382
(28,382)
-
-
-
40,368
-
40,368
31,597
(71,965)
-
-
-
-
-
-
1,396
(1,396)
-
-
-
20,381
-
20,381
19,616
(39,997)
-
-
-
4,888
-
4,888
-
(4,888)
-
-
-
18,100
-
18,100
-
(1,400)
-
-
16,700
-
-
-
2,510
(2,510)
-
-
-
-
8,000
8,000
-
(8,000)
-
-
-
-
5,000
5,000
-
(5,000)
-
-
-
25,050
-
25,050
905
(1,170)
(114)
-
24,671
3,975
-
3,975
-
(500)
-
-
3,475
-
-
-
39,365
-
-
-
39,365
2,399
-
2,399
-
-
-
-
2,399
52,745
-
52,745
1,909
(388)
(240)
-
54,026
-
-
-
59,730
(59,730)
-
-
-
68,101
-
68,101
2,464
(8,295)
(312)
-
61,958
247,556
13,000
260,556
957,979
(996,617)
(666)
-
221,252
-
-
244,922
-
244,922
46,153
146,081
15,524
-
452,680
492,478
13,000
505,478
1,004,132
(850,536)
14,858
-
673,932

Included within unrestricted funds is an amount of £23,052 (2023: £8,988 unrealised 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 year end.

An amount of £18,820 has been transferred out of the BIRI Core grant for fixed assets into a BIRI fixed asset fund in accordance with the terms of the grant.

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

38

Notes to the Accounts continued

11. Reconciliation of Funds – Continued

Details of restricted funds

The BIRI monies represent elements of a grant received from the British Academy and is split over several key activities.

The BA Business Development Fund represents a grant received from the British Academy for the institute to fundraise, seek further sources of research funding maximise commercial aspects of the Institute's operation and identify cost savings and efficiencies.

The BIRI Collective grant monies is a grant received from the British Academy restricted to collective BIRI initiatives.

The BA Additional Grant funded a second Assistant Directorship and a second Post-Doctoral fellowship.

BA Mid-Career fellowship: Dr Işılay Gürsu was granted a British Academy Mid Career Fellowship to promote public engagement and understanding of the humanities and social sciences. The grant covers 80% of the FEC.

British Community Council of Istanbul (BCCI) fund the Doughty Wylie Scholarship to support postgraduate and undergraduate research activities in Türkiye.

The Boncuklu fund relates to monies donated for the presentation and outreach of the project at Boncuklu.

Çatalhöyük publications are monies for the publication of the Catalhoyuk excavations.

David French monies relate to amounts received from the estate of the late David French for the provision of post graduate scholarships.

Fragile Landscapes is a research project, funded by the Humanities and Social Sciences Tackling Global Challenges Programme 2020 of the British Academy and focusing on water management in the Konya Plain.

Emergency Research Facilitation grant from CPF: The Cultural Protection Fund granted the BIAA emergency Funding to provide funding for five Emergency Research Facilitation Grants after the 2023 earthquakes in Türkiye to support scholars at affected universities.

Imagining Futures is an Arts and Humanities Research Council, GCRF Network+ funded by the UKRI that funded several projects of the BIAA Digital Repository

The Jameson Scholarship fund is for travel scholarships for graduate students.

The Masters Dissertation Prize Fund is to encourage scholarship relating to Turkey and the Black Sea region and support the next generation of scholars. The prize is for the best dissertation on a topic related to the research areas of the Institute.

The Modern Endangered Archives Program (MEAP), funded by the Arcadia Fund and administered by UCLA, funds the Lost Villages of the Euphrates Project at the BIAA Digital Repository

The Prof O R Gurney Memorial Fund are used to fund lecture series. The Rainwater Project Rainwater Harvesting for Climate Change Adaptation: Training Programme for Municipalities, funded by the International Project Funding of the British Embassy in Ankara

The Turkish Scholars Fund is used to assist scholars of countries bordering the Black Sea to travel to the United Kingdom, to the BIAA research centre in Ankara and any BIAA sponsored event in Turkey.

Earmarked funds were brought forward for the Cultural Heritage Management fellowship.

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

39

Notes to the Accounts continued

11. Reconciliation of Funds – Continued

2023 comparative

BIRI Research Grant
BIRI Library Grant
BIRI Outreach Grant
BIRI Core Grant
BIRI Contingency Grant
BIRI Business Development Grant
BIRI Collective Grant
BA Mid-Career Fellowship
Boncuklu
Catalhoyuk Publications
David French
Emergency Research Facilitation Grant
(CPF) (as restated)
Imagining Futures (as restated)
Jameson Scholarships
Masters Dissertation
Other
Prof O.R. Gurney Memorial
Turkish Scholars
Returned Grant
Cultural Heritage Mgmt Project
Nahrein
SARAA
Knowledge Frontiers
Ferikoy Grant
Archives Portal Europe
BA Additional Grant
Funds c/f
General funds (as restated)		 Funds b/f
Income
Prior Year
Adjustment
Income
(as restated) Expenditure
Gains & losses
on
investments
Transfers
Funds c/f
(as restated)
£
£
£
£
£
£
£
£
-
303,378
-
303,378
(303,378)
-
-
-
-
37,165
-
37,165
(37,165)
-
-
-
-
19,712
-
19,712
(19,712)
-
-
-
-
157,507
-
157,507
(165,568)
-
8,061
-
55,256
54,053
-
54,053
(97,760)
-
-
11,549
-
84,084
-
84,084
(87,768)
-
3,684
-
-
58,000
-
58,000
(58,000)
-
-
-
-
50,145
-
50,145
(9,777)
-
-
40,368
13,217
21,902
-
21,902
(14,738)
-
-
20,381
6,370
7,920
-
7,920
(9,402)
-
-
4,888
21,100
-
-
-
(3,000)
-
-
18,100

-
-
8,000
8,000
-
-
-
8,000
-
9,500
5,000
14,500
(9,500)
-
-
5,000
26,127
531
-
531
-
(1,608)
-
25,050
4,475
-
-
-
(500)
-
-
3,975
2,000
1,384
-
1,384
(985)
-
-
2,399
54,984
1,146
-
1,146
-
(3,385)
-
52,745
73,075
1,524
-
1,524
(2,000)
(4,498)
-
68,101
-
1,290
-
1,290
-
-
(1,290)
-
3,811
1,121
-
1,121
(5,632)
-
700
-
2,042
-
-
-
(2,042)
-
-
-
2,086
-
-
-
(1,036)
-
(1,050)
-
122,566
2,700
-
2,700
(127,966)
-
2,700
-
-
4,327
-
4,327
(4,555)
-
228
-
-
4,019
-
4,019
(4,038)
-
19
-
-
53,309
-
53,309
(55,886)
-
2,577
-
387,109
874,717
13,000
887,717
(1,020,408)
(9,491)
15,629
260,556
-
199,211
66,732
19,951
86,683
(13,676)
(11,667)
(15,629)
244,922
586,320
941,449
32,951
974,400
(1,034,084)
(21,158)
-
505,478

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

40

Notes to the Accounts continued

12.Analysis of Funds

12.Analysis of Funds
Current Current
Fixed Assets Investments assets Liabilities Provisions Total
£ £ £ £ £
Restricted Funds
BIRI Main Grant - - 65,511 (65,511) - -
BIRI Fixed Asset Fund 18,658 - - - - 18,658
Rainwater Project - - 128 (128) - -
Plymouth - - 11,328 (11,328) - -
David French - - 16,700 - - 16,700
Jameson Scholarships - 17,517 7,154 - - 24,671
Masters Dissertation - - 3,475 - - 3,475
MEAP - - 39,365 - - 39,365
Other - - 2,399 - - 2,399
Prof O.R. Gurney Memorial - 36,880 17,146 - - 54,026
Turkish Scholars - 47,623 14,335 - - 61,958
Total Restricted 18,658 102,020 177,541 (76,967) - 221,252
Unrestricted 39,735 324,247 145,761 (5,944) (51,119) 452,680
Total Funds 58,393 426,267 323,302 (82,911) (51,119) 673,932

2023 comparative

Bank and
Cash
Investments (as restated) Total
£ £ £
BIRI Contingency Grant - 11,549 11,549
BA Mid-Career Fellowship - 40,368 40,368
Boncuklu - 20,381 20,381
Çatalhöyük Publications - 4,888 4,888
David French - 18,100 18,100
Emergency Research Facilitation Grant
(CPF) (as restated)		 - 8,000 8,000
Imagining Futures (as restated) - 5,000 5,000
Jameson Scholarships 17,574 7,475 25,049
Masters Dissertation - 3,975 3,975
Other - 2,400 2,400
Prof O.R. Gurney Memorial 37,004 15,741 52,745
Turkish Scholars 47,777 20,324 68,101
Total Restricted Funds 102,355 158,201 260,556

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

41

Notes to the Accounts continued

13. Share Capital

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

14. 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 2024 (2023: Nil), in respect of their responsibilities as Trustees. In the year 6 Trustees (2023: 6) were reimbursed £2,556 in expenses (2023: £2,358) relating to travel and accommodation.

In the year no Trustees made any donations to the charity (2023: £10). In addition , trustees are members of the Institute and pay annual subscriptions.

In 2024, no grants were awarded to Trustees.

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

15. Commitments under operating leases

Land and Buildings
Less than one year
Between two and five years
Greater than five years
Total funds
16. Financial Instruments
Financial assets		 2024
£		 2023
£
4,297
16,472
-
20,769
7,965
22,566
-
30,531
2023
£
350,155
2024
£
Financial assets at fair value through profit and loss -
comprised of listed investments		 422,610

17. Prior Year Adjustment

£19,951 was received in the year as publishing income which related to previous years. Therefore a prior year adjustment has been made to publishing income and prepayments to reflect this.

2 restricted grants of £8,000 and £5,000 ie £ 13,000 in total were received in 2023/24 which were awarded in 2022/23. Therefore a prior year adjustment has been made to grant income and prepayments to reflect this.

British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2024

42