# **Charity Registration No. 313940 Company Registration No. 00477436 (England and Wales)** # **BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA** # **REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025** **BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA** ## **CONTENTS** Reference and Administrative Details Report of the Council of Management Independent Examiner’s Report Statement of Financial Activities Balance Sheet Statement of Cash Flows Notes to the Accounts Report and Accounts for the year ended 31 March 2025 2 **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 **INDEPENDENT EXAMINERS** Moore Kingston Smith LLP 4 Victoria Square St Albans Hertfordshire AL1 3TF **REGISTERED CHARITY** 313940 **REGISTERED COMPANY** 00477436 (England and Wales) **WEBSITE ADDRESS** www.biaa.ac.uk Report and Accounts for the year ended 31 March 2025 3 ## **BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA** ## **REPORT OF THE COUNCIL OF MANAGEMENT FOR THE YEAR ENDED 31 MARCH 2025** The Council of Management submit their report together with the accounts of the Institute for the year ended 31 March 2025. 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 2025, as more fully explained below. Professor Jim Crow (Chair) Dr Aylin Orbasli (Deputy Chair) Professor Mark Jackson Mr Kamran Hashemi (Resigned as Honorary Treasurer, Acting Honorary Treasurer as of 10[th] December 2024) Ms Mina Toksoz Dr John McManus Dr Anna Collar Dr Catherine Draycott Dr Sophie Moore Professor Ayşe Zarakol Professor Martin Stokes Miss Shahina Farid (appointed on 10[th] December 2024) Dr Anja Slawisch (appointed on 10[th] December 2024) Dr Natalie Martin (resigned on 10[th] December 2024) Dr Scott Redford (resigned on 10[th] December 2024) ## **PRESIDENT** Sir Dominick Chilcott, KCMG ## **VICE PRESIDENTS** Sir David Logan, KCMG ## **DIRECTOR** Dr Lutgarde Vandeput MBE ## **DIRECTOR OF DEVELOPMENT, COMMUNICATIONS AND OPERATIONS** Mr Martyn Weeds Report and Accounts for the year ended 31 March 2025 4 ## **BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA** ## **OBJECTIVES AND ACTIVITIES** The principal objectives of the Institute during the year remained to support, promote, facilitate and publish British research focused on Türkiye and the Black Sea littoral in all academic disciplines within the arts, humanities and social sciences, and to maintain a centre of excellence in Ankara focused on fields including archaeology, ancient and modern history, heritage management, social sciences and contemporary issues in public policy and political sciences. A summary of the Institute’s achievements and performance in the UK, Türkiye 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 and Director of Development, Communications and Operations, who work closely with the Hon. Officers. Trustees determine remuneration of academic and management staff based on market conditions. Rates of pay for the Directors, Assistant Directors and London Office 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 GRANT-MAKING 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. Report and Accounts for the year ended 31 March 2025 5 **BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA** ## **ACHIEVEMENTS AND PERFORMANCE** Institute activities during 2024/25 closely follow the contours of the Business Plan. ## **RESEARCH** The Institute continued to encourage a wide range of high-quality research by providing financial, practical, and administrative assistance. The Institute supports a small number of thematically focused research programmes, determined by the 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 2024/25 are: cultural heritage, society and economy in Türkiye; migration, minorities and regional identities; interconnections of peace and conflict: culture, politics and institutions in national, regional and international perspectives; Anglo-Turkish relations in the twentieth century; climate change and the environment; habitat and settlement in prehistoric, historical and contemporary perspectives; and legacy data: using the past for the future. The Institute benefits from the presence of its Postdoctoral Research Fellows in Türkiye. Dr Özlem Sarıtaş (PhD, University of Liverpool) - an expert in paleozoology - was BIAA Postdoctoral Fellow until 31 August 2024, working on the domestication of animals in the Neolithic. Dr Elif Neyzi (PhD, University of Edinburgh) started her Postdoctoral Fellowship on 1 September 2024, focusing on Late Byzantine monasteries in Byzantium. Dr Neyzi is the first BIAA-Bilkent University Postdoctoral Fellow, which provides her access not only to the research community at the BIAA, but also to the academic environment of a major university in Ankara. Report and Accounts for the year ended 31 March 2025 6 **BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA** ## **Research Grants (SRI-based) funded by the BIAA (£39,304)** |**Name**|**Institution**|**Project Title**|**Award**| |---|---|---|---| |Ayala|University of
Sheffield|Past environments in the transition to agriculture:
sampling the key region of the Taştepeler, SE
Türkiye|£2,645| |Ergun|University of
Oxford|Agricultural origins in the ‘greater Fertile
Crescent’: Neolithic Aşıklı Höyük and Balıklı in
volcanic Cappadocia, Türkiye|£4,872| |Greaves|University of
Liverpool|Telmessos Survey 2024|£5,000| |Baird|University of
Liverpool|The beginnings of sedentism, cultivation and corporate
institutions: Mendik and the development of Taştepeler|£10,000| |Massa|BIAA|The Türkmen-Karahöyük Archaeological Project|£10,000| |Smith|University of
Oxford|Housing and urban living at Aphrodisias in Caria,
AD 400–1200|£10,000| |Returned Grants|||-£3,213| ## **Travel Scholarships** ## **David French Scholarship** |**Name**|**Institution**|**Project Title**|**Award**| |---|---|---|---| |Bracchi|University of
Kent|Participation in the Sagalassos Project|£1,000| |Nogay|University
College
London|Royal Diseases in the Hittite Kingdom|£885| ## **David Edwin Jameson Scholarship** |**Name**|**Institution**|**Project Title**|**Award**| |---|---|---|---| |Guertin|University of St
Andrews|The Public Face of Aegyptiaca: Egyptian-Style Buildings and Art
in the Hellenistic City|£976| ## **Doughty Wylie Scholarships** |**Name**|**Institution**|**Project Title**|**Award**| |---|---|---|---| |Jones|University of
Liverpool|To contribute to the Telmessos Survey Project|£1,000| |Peak|Northumbria
University|'The word ‘Bolshevik’ does not need to be translated anywhere
in the world': International communist debates in the Turkish
context, 1918-1932|£1,000| ## **Turkish and Black Sea Scholars' Fund Scholarships** |**Name**|**Institution**|**Project Title**|**Award**| |---|---|---|---| |Guner|Bogazici
University|Conversations on Race, Racial Making, and Racism in
Türkiye: Past and Present|£500| |Karakaş|Independent
Scholar|Viewing the City from its Pipes: Early-Modern Water-Supply
Maps of Istanbul and their Afterlives|£500| Report and Accounts for the year ended 31 March 2025 7 **BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA** |Kavtaradze|Ilia State
University|In the Midst of Crisis: The Leadership of Catholicos Viroy in
the Early 7th Century Caucasian Albania|£500| |---|---|---|---| |Kardaş|Izmir
Bakırçay
University|To examine capitulations' implementation in the Ottoman
Empire's socio-economic and legal framework|£500| ## **Larger Project Expenditure** |**Name**|**Institution**|**Proposed Activity**|**Award**| |---|---|---|---| |Lost Villages of
the Upper
Euphrates: A
Digital Archive,
Modern
Endangered
Archives
Programme|UCLA|This project will digitise and make openly
accessible approximately 2,400 slides created
between 1970 and 1990 in the Upper Euphrates
region of southeast Türkiye. The slides form a
unique ethnographic record of traditional ways of
life in ‘lost’ villages flooded during construction of
the Keban and Karakaya hydroelectric dams.|£34,519| |Researching,
Writing and
Publishing on
Gender, Culture
and Society:
Upskilling Early
Career
Researchers in
Türkiye|International
Writing
Workshops
2024|This project targets Early Career Researchers
(ECRs) from universities across Türkiye working
in interdisciplinary gender studies. The ECRs will
be supported over two workshops to improve their
academic writing for publications and grant
applications, develop sustainable practices to
manage stress during writing and writing, and
expand their professional networks with peers
and relevant academic journals and publishers.|£29,010| The BIAA also awards grants to individual Research Fellows (£27,470 in 2024/25). ## **PUBLICATIONS** ## **Periodicals** The BIAA produces two annual publications: _Anatolian Studies_ , the flagship journal of the Institute and one of the leading journals on the study of the archaeology and history of Türkiye and the Black Sea, and _Heritage Türkiye_ , a magazine delivering reports on ongoing projects and activities of the Institute, distributed to members and officials. There was a security breach experienced by CUP in 2024. No member data was compromised in the security breach, and the only result was a slight a delay in the publication of the 2024 issue of _Anatolian Studies_ . Dr Emma Baysal, Associate Professor of Archaeology at Bilkent University in Ankara and Prof. Tuna Şare-Ağtürk, Professor of Archaeology at Çanakkale University were selected from a pool of applicants as the incoming academic editors of _Anatolian Studies_ . They are currently shadowing the incumbent co-editors, Prof. Naoise Mac Sweeney and Dr Anna Collar, and will take over for the production of the 2027 volume. Dr Janine Su continues as Editor of Annual Publications. Report and Accounts for the year ended 31 March 2025 8 ## **BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA** In 2025 journal publication costs were £20,390 (2024: £3,962). The large increase was caused by a delay in invoicing by the publisher and average costs of publication per annum would be expected to be approximately £7,000 per annum. ## **Monographs** The BIAA publishes two series: BIAA Monographs (e-books and hard copy) and BIAA Electronic Monographs (open-access, online through the BIAA’s website). In these series, the following volumes were published in the 2024-25 financial year: Irvine, Benjamin, Erdal, Yılmaz Selim, Vandeput, Lutgarde eds., 2024: _People of Anatolia. Past, Current and Future Research in the Biological Anthropology of Türkiye_ , BIAA Monograph 58, BIAA, London. In addition, we can report that another volume has appeared in this series in 2025: Vandeput, Lutgarde and Mitchell, Stephen eds., 2025: _Routes and Roads in Anatolia from Prehistory to Seljuk Times_ , BIAA Monograph 59, BIAA, London. All volumes in the BIAA Monograph series are distributed as e-books by Casemate Academic in the USA. Hardcopies are distributed by Script Publisher Services in the UK (formerly Casemate UK). They are part of the same company and inherited the distribution side of Oxbow following a merger in 2022. Following Printforce going into administration we are working with CPI to supply hardcopies to Script. In addition to BIAA Monographs, there are two BIAA-led series published by IB Tauris-Bloomsbury: _Contemporary Türkiye_ and _The Ottoman Empire and the World_ . In these series, the following books have appeared in press in the financial year 2024-25: Under _Contemporary Türkiye_ : 1. _Mobility and Armenian Belonging in Contemporary Türkiye_ . Salim Aykut Ozturk. (Hardback February 2023, Paperback August 2024) 2. _Political Violence in Türkiye, 1975-1980_ . Benjamin Gourisse. (Hardback March 2023, Paperback September 2024) 3. _Türkiye and the Global Political Economy: Geographies, Regions and Actors in a Changing World Order_ . M. E Erol, Görkem Altınörs, Gönenç Uysal, eds. (Hardback January 2025) 4. _Material Politics in Türkiye: Infrastructure, Science, and Expertise_ . Duygu Kaşdoğan, Ekin Kurtiç, and Mehmet Ekinci eds. (Hardback January 2025) ## **PREMISES AND FACILITIES** The BIAA continued to rent the first, second and third floors in an apartment building on Atatürk Bulvarı 154, as its main premises in Ankara. 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** Director (1 FTE) - Dr Lutgarde Vandeput Assistant Director for Cultural Heritage Management (1 FTE) - Dr Işılay Gürsu Report and Accounts for the year ended 31 March 2025 9 ## **BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA** Assistant Director of Ottoman and Contemporary Türkiye (1 FTE) - Dr Peter Cherry Ankara Manager (1 FTE) - Gülgün Girdivan retired from her role as Ankara Manager on 31 December 2024 and Zeynep Büyükyağcıoglu was appointed as the new Ankara Manager on 1 November 2024 Ankara Office Assistant Manager (0.5 FTE) - Başak Bodur Ankara Office Caretaker (1 FTE) - Keziban Çoşgun Ankara Office Caretaker (0.5 FTE) - Mustafa Balcı Digital Repository Manager (1 FTE) - Nurdan Atalan Çayırezmez Digital Archivist (1 FTE) – Deniz Çit Digital Repository Assistant (1 FTE) - Gonca Özger Library and Archive Assistant (1 FTE) – Emrah Dinç Editor of Annual Publications (1 FTE) – Janine Su Director of Development, Communications and Operations (1 FTE) – Martyn Weeds London Office Manager (1 FTE) – Ekin Brigden resigned as the London Manager on 16 October 2024, and Beth Greaves-Davis was appointed as the new London Office Manager on 26 February 2025 Development and Communications Assistant (0.4 FTE) - Nora Straw resigned as Development and Communications Assistant on 20 January 2025 and Sergio Russo was appointed on 10 March 2025 ## **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. Report and Accounts for the year ended 31 March 2025 10 **BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA** ## **LECTURES AND EVENTS** During 2024-25 the Institute hosted regular hybrid lectures, workshops and conferences in London and Ankara. |**Date**|**Event Title**|**Location**| |---|---|---| |5 April 2024|David Hawkins Memorial Lecture: How to
say “no” in Hieroglyphic Luwian and other
Decipherments of David Hawkins|Society of Antiquaries, London| |8 May 2024|The Religious/Secular Divide in Turkish
Television Drama: Three Media Platforms|BIAA, 154 Atatürk Bulvarı,
Ankara| |16 May 2024|Documentary Screening: No 910|BIAA, 154 Atatürk Bulvarı,
Ankara| |24 May 2024|Recent Zooarchaeological Studies in
Türkiye|BIAA, 154 Atatürk Bulvarı,
Ankara| |27 June 2024|Arab-Ottoman Imperialists of Istanbul|BIAA, 154 Atatürk Bulvarı,
Ankara| |1 October 2024|Health, Literature and Women in Twentieth
Century Türkiye|BIAA, 154 Atatürk Bulvarı,
Ankara| |8 October 2024|Shifting Dynamics in the Middle East:
Türkiye’s Repositioning in the Region|LSE, London| |17-18 October
2024|Public Archaeology: Dialogues,
Communities, and Social Challenges|Bilkent University, Ankara| |22 October 2024|Making the Modern Turkish Citizen:
Vernacular Photography in the Early
Republican Era|BIAA, 154 Atatürk Bulvarı,
Ankara| |11-12 November
2024|Content in Context in Ancient Anatolia: A
conference in memory of Stephen Mitchell|Museum for Anatolian
Civilisations, Ankara| |25-26 November
2024|Archaeo-Informatics 2024: “Use and
Challengers of AI in Archaeology”|Middle East Technical
University, Ankara| |29 November
2024|Wildlife Photographer of the Year 2024|Online| |10 December
2024|The Longest Roman Water Supply Line, A
Review After Thirty Years of Research|British Academy, London| |21-22 February
2025|Urban Dynamics in Roman Anatolia:
Investigating the Emergence and the
Development of the Roman City in North-
Central Anatolia|Middle East Technical
University, Ankara| Report and Accounts for the year ended 31 March 2025 11 ## **BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA** ## **FINANCIAL REVIEW** The accounts of the Institute for the year ended 31 March 2025 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 programmes, which totalled £889,275. ## **Turkish Scholars Fund** The fund provided four grants totalling £2,000. The fund increased from £61,958 to £62,538 at the end of the year after receipt of investment income ## **Professor O.R. Gurney Memorial Fund** After receipt of investment income, the fund balance decreased from £54,026 to £53,875 at the end of the year. ## **David French Fund** Two grants were awarded by the fund totalling £1,885. The fund balance decreased from £16,700 to £14,815 at the end of the year. ## **David Edwin Jameson Fund** The fund awarded one grant totalling £977. After investment income, the fund balance decreased from £24,671 to £24,582 at the end of the year. ## **Doughty-Wylie Scholarship Fund** The fund provided two grants totalling £2,000 to support postgraduate students in any field of the arts, humanities and social sciences to participate in fieldwork or other research activity in Türkiye. 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. The Restricted Funds require income from which to make grants. Investments will therefore be oriented towards income with some potential for capital growth and/or capital protection. Report and Accounts for the year ended 31 March 2025 12 ## **BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA** The market value of investments remained almost unchanged at £423,582 (-.0.63%) during the year to 31 March 2025. ## **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 2025, free reserves stood at £349,590 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 Directorate General of Museums and Monuments. ## **PLANS FOR FUTURE PERIODS** The principal objectives of the Institute will continue to be to support, promote, facilitate and publish British research focused on Türkiye and the Black Sea littoral in all academic disciplines within the arts, humanities and social sciences, and to maintain a centre of excellence in Ankara focused on archaeology, ancient and modern history, heritage management, social sciences and contemporary issues in public policy and political sciences of Türkiye. ## **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. Report and Accounts for the year ended 31 March 2025 13 ## **BRITISH INSTITUTE OF ARCHAEOLOGY AT ANKARA** ## **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: - a) select suitable accounting policies and apply them consistently; - b) observe the methods and principles in the Charities SORP; - c) make judgments and accounting estimates that are reasonable and prudent; - d) state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - e) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Council of Management are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements, comply with the governing document, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014. ## **SMALL COMPANY EXEMPTION** Advantage has been taken of the exemptions available to small companies under the Companies Act 2006 in the preparation of this report. ## **BY ORDER OF THE COUNCIL OF MANAGEMENT** Professor Jim Crow Chair Date: 5[th] September 2025 Report and Accounts for the year ended 31 March 2025 14 ## **Independent Examiner's Report to the Trustees of The British Institute of Archaeology in Ankara** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025 ## **Responsibilities and basis of report** As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent Examiner's Statement** Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of the ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: - 1) accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or - 2) the accounts do not accord with those records; or - 3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or - 4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ## **Adam Fullerton** (ACA, ICAEW) **For and on behalf of Moore Kingston Smith LLP** Chartered Accountants 4 Victoria Square St Albans Hertfordshire AL1 3TF Date: 30.09.2025 15 ## **Statement of Financial Activities (Incorporating income and Expenditure Account)** ## For the year ended 31 March 2025 ## 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 (b)
Charitable Activities
3 (a)
**Total**
**Gains and losses on revaluation and**
**disposal of investment assets:**
Unrealised gains/(losses)
6
Realised gains/(losses)
6
**Net gains/(losses) on investments**
**Net income/(expenditure)**
**Transfers**
**11**
**Net Movement in Funds**
**Reconciliation of Funds**
Funds brought forward
**Funds carried forward**
**Income and Endowments from:**|**Unrestricted**
**Restricted**
**Total 2025**
**Unrestricted**
**Restricted**
**Total 2024**
£
£
£
£
£
£
6,541
927,700
934,241
8,094
952,701
960,795
18,748
-
18,748
31,078
-
31,078
7,297
5,528
12,825
6,981
5,278
12,259
**32,586**
**933,228**
**965,814**
**46,153**
**957,979**
**1,004,132**
3,120
11,328
14,448
3,267
9,875
13,142
77,976
871,971
949,947
(149,348)
986,742
837,394
**81,096**
**883,299**
**964,395**
**(146,081)**
**996,617**
**850,536**
(5,642)
709
(4,933)
23,052
(1,017)
22,035
2,214
199
2,413
(7,528)
351
(7,177)
**(3,428)**
**908**
**(2,520)**
**15,524**
**(666)**
**14,858**
**(51,938)**
**50,837**
**(1,101)**
**207,758**
**(39,304)**
**168,454**
**-**
**-**
**-**
-
-
-
**(51,938)**
**50,837**
**(1,101)**
**207,758**
**(39,304)**
**168,454**
452,680
221,252
673,932
244,922
260,556
505,478
**400,742**
**272,089**
**672,831**
**452,680**
**221,252**
**673,932**| |---|---| British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2025 16 ## **Balance Sheet** ## For the year ended 31 March 2025 British Institute of Archaeology at Ankara ||**Notes**|**2025**|**2024**| |---|---|---|---| |||£|£| |**Fixed Assets:**|||| |Tangible assets|5|51,152|58,393| |Investments|6|423,582|426,267| |**Total Fixed Assets:**||**474,734**|**484,660**| |**Current assets:**
Stock of Publications
Debtors|7|6,331
58,490|6,331
17,881
98,153| |Cash at bank and in hand|8|253,367|207,268| |**Total Current assets:**||**318,188**|**323,302**| |**Liabilities**|||| |Creditors: Amounts falling due within one year|9|(83,272)|(82,911)| |**Net current assets**||**234,916**|**240,391**| |**Total assets less current liabilities**||**709,650**|**725,051**| |Provision for post-employment benefits|10|(36,819)|(51,119)| |Net Assets||**672,831**|**673,932**| |**Total funds of the charity**|||| |Unrestricted funds|11,12|400,742|452,680| |Restricted funds|11,12|272,089|221,252| |**Total Funds of the Charity**||**672,831**|**673,932**| 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. For the financial year in question, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. Approved by the Board of directors on 30 Sep 2025, and signed on its behalf Professor Jim Crow Name: ________________________ Signature: _________________________ Name: ________________________ Signature: ________________________ Mr Kamran Hashemi LoAh L— British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2025 17 ## **Statement of Cash Flows** For the year ended 31 March 2025 British Institute of Archaeology at Ankara |**Notes**
**Cash flow from operating activities**|**2025**
**2024**
**£**
**£**| |---|---| |Net income/(expenditure) for the year
Adjustments for:
Depreciation on Equipment
5
Investment income
2
Unrealised losses/(gains) on investments
6
(Profit)/loss on sale of fixed assets
(Increase)/reduction in stock
(Increase)/reduction in debtors
7
Increase/(reduction) in creditors
9
Increase/(reduction) in provisions
10
**Net cash flow from operating activities**|(1,101)
168,454
14,336
10,175
(12,825)
(12,259)
2,520
(14,858)
197
-
11,550
(12,236)
39,663
(19,916)
(1,429)
41,040
(14,300)
(200,995)
**38,611**
**(40,595)**
(181,533)
(184,820)
185,099
127,218
12,825
12,259
(7,292)
(18,820)
**9,099**
**(64,163)**
210,925
324,226
47,710
(104,758)
1,790
(8,543)
**260,425**
**210,925**
253,367
207,268
7,058
3,657| ||| |**Cash flow from investing activities**
Purchase of investments
6
Proceeds from sale of investments
6
Investment income
2
Purchase of tangible fixed assets
5
**Net cash flow from investing activities**
Cash and cash equivalents at the beginning of the year
Change in cash and cash equivalents in the year
Change in cash and cash equivalents due to exchange
rate movements
Cash and cash equivalents carried forward
Cash and cash equivalents is made up of the following:
Cash at bank and in hand
Cash held as part of investments|| |**Changes in net debt**
Cash at bank and in hand
Cash held as part of investments|260,425
210,925
**At 31 Mar 2024**
**Cash flows**
**At 31 Mar 2025**
**£**
**£**
**£**
207,268
46,099
253,367
3,657
3,401
7,058
210,925
49,500
260,425| British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2025 18 ## **Notes to the Accounts** ## For the year ended 31 March 2025 ## 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 2025 19 ## **Notes 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: - Voluntary income is received by way of Grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. grants, where entitlement is not conditional on the delivery of specific performance by the charity, are recognized when the charity becomes unconditionally entitled to the grant. - Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by the volunteers has not been included in these accounts. - Investment income is included when receivable. - Incoming resources from charitable trading activities are accounted for when earned. - Incoming resources from grants where related to performance and specific deliveries, are accounted for as the charity earns the right to consideration by its performance. 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: - Cost of raising funds consists of the costs associated with attracting voluntary income and the costs of fundraising activities. - Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. - Grants payable for research and scholarship fall due when communicated to the awardee. - Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit/ independent examination fees and costs linked to the strategic management of the charity. - All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activitiy are allocated directly, others are apportioned on an appropriated basis. British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2025 20 ## **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. The trustees have assessed whether the use of going concern is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. After making enquiries, the trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. ## **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 schemewide contribution rate is set. The institution is therefore exposed to actuarial risks associated with other institutions’ employees and is unable to identify its share of the underlying assets and liabilities of the scheme on a consistent and reasonable basis. As required by Section 28 of FRS 102 “Employee benefits”, the institution therefore accounts for the scheme as if it were a defined contribution scheme. As a result, the amount charged to the profit and loss account represents the contributions payable to the scheme. Since the institution has entered into an agreement (the Recovery Plan) that determines how each employer within the scheme will fund the overall deficit, the institution recognises a liability for the contributions payable that arise from the agreement (to the extent that they relate to the deficit) with related expenses being recognised through the profit and loss account. ## **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 multiemployer scheme where the employer has entered into an agreement with the scheme that determines how the employer will fund a deficit results in the recognition of a liability for the contributions payable that arise from the agreement (to the extent that they relate to the deficit) and the resulting expense in profit or loss in accordance with section 28 of FRS 102. The trustees are satisfied that Universities Superannuation Scheme meets the definition of a multi-employer scheme and has therefore recognised the discounted fair value of the contractual contributions under the recovery plan in existence at the date of approving the financial statements. Deficit reduction payments have now ceased, so there is no provision at 31/03/2025. British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2025 21 **Notes to the Accounts continued** ## **2. Income** ## **(a) Income from Donations and Legacies** ## **Donations and appeals** |Donations
**Total income from Donations and**
**Appeals**
**Grants**
BIRI Research Grant
BIRI Library Grant
BIRI Outreach Grant
BIRI Core Grant
BIRI Contingency Grant
BA Business Development Fund
BIRI Collective Grant
BA Mid-Year Fellowship
Archives Portal Development
Boncuklu Fund
Doughty Whylie Scholarship Grant
SHADE
RICHES
Fragile Landscapes project
MEAP
Rainwater Harvesting Project
Kilse Tepe
BIRI Digital Archive Development
BIRI Workship writing grant
**Total Income from Grants**
**Subscriptions**
Membership subscriptions
**Total Income from Subscriptions**
**Total Income from Donations and**
**Legacies**|**Unrestricted**
**Restricted**
**Total 2025**
**Unrestricted**
**Restricted**
**Total 2024**
**£**
**£**
**£**
**£**
**£**
**£**
1,550
100
1,650
4,601
-
4,601
**1,550**
**100**
**1,650**
**4,601**
**-**
**4,601**
**Unrestricted**
**Restricted**
**Total 2025**
**Unrestricted**
**Restricted**
**Total 2024**
£
£
£
£
£
£
-
365,623
365,623
-
350,233
350,233
-
51,563
51,563
-
49,375
49,375
-
62,483
62,483
-
41,250
41,250
-
212,096
212,096
-
231,859
231,859
-
53,562
53,562
-
9,100
9,100
-
88,288
88,288
-
88,288
88,288
-
23,000
23,000
-
28,382
28,382
-
-
-
-
31,597
31,597
-
-
-
-
-
-
-
-
-
-
19,616
19,616
-
2,000
2,000
-
1,396
1,396
-
-
-
-
-
-
-
32,512
32,512
-
-
-
-
-
-
-
2,510
2,510
-
-
-
-
39,365
39,365
-
-
-
-
59,730
59,730
-
3,813
3,813
-
-
-
-
3,650
3,650
-
-
-
-
29,010
29,010
-
-
-
**-**
**927,600**
**927,600**
**-**
**952,701**
**952,701**
**Unrestricted**
**Restricted**
**Total 2025**
**Unrestricted**
**Restricted**
**Total 2024**
**£**
**£**
**£**
**£**
**£**
**£**
4,991
-
4,991
3,493
-
3,493
**4,991**
**-**
**4,991**
**3,493**
**-**
**3,493**
**6,541**
**927,700**
**934,241**
**8,094**
**952,701**
**960,795**| |---|---| British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2025 22 ## **Notes to the Accounts continued** ## **(b) Income from Charitable Activities** |Publication Income
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 2025**
£
£
£
10,083
-
10,083
8,665
-
8,665
**18,748**
**-**
**18,748**
**Unrestricted**
**Restricted**
**Total 2025**
£
£
£
3,764
5,304
9,068
3,533
224
3,757
**7,297**
**5,528**
**12,825**
**32,586**
**933,228**
**965,814**|**Unrestricted**
**Restricted**
**Total 2024**
£
£
£
18,213
-
18,213
12,865
-
12,865
**31,078**
**-**
**31,078**
**Unrestricted**
**Restricted**
**Total 2024**
£
£
£
4,214
5,067
9,281
2,767
211
2,978
**6,981**
**5,278**
**12,259**
**46,153**
**957,979**
**1,004,132**| |---|---|---| British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2025 23 **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 Oxford - Smith
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)
University of Oxford - Ergun
Bilkent University - Massa
University of Sheffield - Yala and
Wainwright
Returned Grants
**Total Grants**|**Unrestricted**
**Restricted**
**Total 2025**
**Unrestricted**
**Restricted**
**Total 2024**
**£**
**£**
**£**
**£**
**£**
**£**

359
33,972
34,331
400
76,707
77,107
**359**
**33,972**
**34,331**
**400**
**76,707**
**77,107**
**Unrestricted**
**Restricted**
**Total 2025**
**Unrestricted**
**Restricted**
**Total 2024**
**£**
**£**
**£**
**£**
**£**
**£**
-
10,000
10,000
-
10,000
10,000
-
-
-
-
1,348
1,348
-
-
-
-
2,000
2,000
-
-
-
-
5,000
5,000
-
-
-
-
2,000
2,000
-
-
-
-
6,389
6,389
-
5,000
5,000
-
5,000
5,000
-
-
-
-
10,000
10,000
-
10,000
10,000
-
5,000
5,000
-
-
-
-
5,000
5,000
-
4,872
4,872
-
-
-
-
10,000
10,000
-
-
-
-
2,645
2,645
-
-
-
-
(3,213)
(3,213)
-
-
-
**-**
**39,304**
**39,304**
**-**
**51,737**
**51,737**
**359**
**73,276**
**73,635**
**400**
**128,444**
**128,844**| |---|---| ## **Other Charitable Activities** |London costs
Turkey costs
Other Direct Costs
Support costs
**Total Other Charitable Activities**
**Total Charitable Activities**|**Unrestricted**
**Restricted**
**Total 2025**
**Unrestricted**
**Restricted**
**Total 2024**
£
£
£
£
£
£
12,505
239,313
251,818
14,939
283,934
298,873
12,860
363,726
376,586
19,824
334,654
354,478
35,582
129,309
164,891
4,766
166,286
171,052
19,790
77,675
97,465
(186,010)
83,299
(102,711)
**80,737**
**810,023**
**890,760**
**(146,481)**
**868,173**
**721,692**
**81,096**
**883,299**
**964,395**
**(146,081)**
**996,617**
**850,536**| |---|---| British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2025 24 **Notes to the Accounts continued** ## **3(b) Analysis of Other Charitable Activities** |**London**
Director’s salary pension and
allowances
Assistant Director salary, pension
and allowances
London Office Manager’s salary and
pension
Assistant to London Manager’s
salary and pension
Director of Communication and
Operations
Senior Development Manager
Development and Communications
Assistant salary
Publication Editor consultancy
**Total London**
**Turkey**
Hostel expenses
Institute expenses
Salaries and wages
Office and library expenses
Vehicle expenses
**Total Turkey**
**3(b) Analysis of Other Charitable Ac**
**Other Direct Costs**
Catalhoyuk
Imagining Futures
London Archives storage
Rainwater Harvesting Project
Fragile Landscapes project
Herbarium project
MEAP
Pisidia Tourist Trail
Research materials and equipment
Water Conference
Emergency Research Facilitation
Grant (BA)
Additional Emergency Research
Facilitation (CPF)
Cultural Heritage Management
Boncuklu
BDF projects
Ankara Workshops
UK workshops
Journal publication costs
Monograph publication costs
Library acquisitions
BIRI meetings
OR Gurney lecture
Digital archive development
**Total Direct Costs**|**Direct Activity**
**Costs**
**(unrestricted)**
**Direct Activity**
**Costs (restricted)**
**Raising Funds**
**Total 2025**
**£**
**£**
**£**
**£**
-
84,062
3,746
87,808
-
40,624
2,138
42,762
-
33,564
-
33,564
-
2,631
-
2,631
-
55,649
-
55,649
-
-
-
-
-
13,731
-
13,731
12,505
3,168
-
15,673
**12,505**
**233,429**
**5,884**
**251,818**
8,390
-
-
8,390
3,180
56,933
-
60,113
-
246,601
-
246,601
-
60,192
-
60,192
1,290
-
-
1,290
**12,860**
**363,726**
**-**
**376,586**
**tivities continued**
**Direct Activity**
**Costs**
**(unrestricted)**
**Direct Activity**
**Costs (restricted)**
**Raising Funds**
**Total 2025**
**£**
**£**
**£**
**£**
-
-
-
-
-
-
-
-
-
230
-
230
-
-
-
-
-
-
-
-
1,662
-
-
1,662
-
1,870
-
1,870
-
10,552
-
10,552
-
22,866
-
22,866
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3,271
35,489
-
38,760
-
23,000
-
23,000
18,413
1,977
-
20,390
12,236
-
-
12,236
-
14,815
-
14,815
-
1,785
-
1,785
-
2,125
-
2,125
-
14,600
-
14,600
**35,582**
**129,309**
**-**
**164,891**|**Direct Activity**
**Costs**
**(unrestricted)**
**Direct Activity**
**Costs**
**(restricted)**
**Raising Funds**
**Total 2024**
**£**
**£**
**£**
**£**
-
97,920
5,154
103,074
-
47,463
2,498
49,961
-
60,238
-
60,238
-
18,955
-
18,955
-
-
-
-
876
40,115
-
40,991
-
8,797
-
8,797
14,063
2,794
-
16,857
**14,939**
**276,282**
**7,652**
**298,873**
7,280
-
-
7,280
-
47,466
-
47,466
-
241,308
-
241,308
11,085
45,880
-
56,965
1,459
-
-
1,459
**19,824**
**334,654**
**-**
**354,478**
**Direct Activity**
**Costs**
**(unrestricted)**
**Direct Activity**
**Costs**
**(restricted)**
**Raising Funds**
**Total 2024**
**£**
**£**
**£**
**£**
-
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
-
1,787
-
1,787
-
1,544
-
1,544
-
14,073
-
14,073
-
-
-
-
3,962
-
-
3,962
-
-
-
-
-
9,490
-
9,490
-
-
-
-
-
-
-
-
-
-
-
-
**4,766**
**166,286**
**-**
**171,052**| |---|---|---| All monograph publication costs in the year 2024/25 relate to monographs that were written and edited in 2023/24 but published in 2024/25. British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2025 25 **Notes to the Accounts continued** |**3 (b) Expenditure, Analysis of Charit**
**Support costs allocated to activities**
USS pension deficit movement
Ankara severance provision
movement
London office costs and UK outreach
events
Marketing expenses
Bank charges
Audit – Ankara
Independent examination, audit and
accountancy fees
Trustees’ expenses & meeting costs
Foreign exchange
Depreciation
London office rent
Staff training
Turkey Office costs
Membership database
Cost of living payments
Staff travel
Legal costs
Investment management fees from
restricted funds
Investment management fees from
unrestricted funds
IT support
**Total Support costs allocated to**
**activities**
**Total Other Charitable activities**
**3(c) Analysis of Governance Costs**
Director’s salary, pension and
allowances
Assistant Director’s salary, pension
and allowances
London Manager’s salary and
pension
Independent examination, audit and
accountancy fees
Audit - Ankara
Trustee expenses & meeting costs
**Total London**
**London costs**
Director’s salary pension and
allowances
Assistant Director’s salary, pension
and allowances
London Manager’s salary and
pension
Independent examination, audit and
accountancy fees
Audit - Ankara
Trustee expenses & meeting costs
Costs are allocated to Raising Funds
Independent examination fees for 20|**able Activities – continued**
**Direct Activity**
**Costs**
**(unrestricted)**
**Direct Activity**
**Costs (restricted)**
**Raising Funds**
**Total 2025**
**£**
**£**
**£**
**£**
-
-
-
-
-
-
-
-

3,007
17,562
-
20,569
-
303
-
303
-
2,278
-
2,278
-
6,394
-
6,394

-
7,653
-
7,653
-
7,396
-
7,396
2,172
(382)
-
1,790
9,948
4,388
-
14,336
-
9,121
-
9,121
-
5,104
-
5,104
-
-
-
-
-
-
4,449
4,449
-
-
-
-
-
-
-
-
1,543
9,268
-
10,811
-
-
995
995
-
-
3,120
3,120
-
3,146
-
3,146
**16,670**
**72,231**
**8,564**
**97,465**
**-**
**77,617**
**798,695**
**14,448**
**890,760**
**-**
**2025**
**2024**
**£**
**£**
13,171
15,461
2,138
2,498
6,713
12,048

7,653
20,700
6,394
5,399
7,396
6,064
**43,465**
**62,170**
**Raising Funds**
**Governance**
5%
15%
10%
5%
0%
20%

0%
100%
0%
100%
0%
100%
and Governance as follows:
25 were £6,350+ VAT (2024: audit fees £12,750 + VAT)|**Direct Activity**
**Costs**
**(unrestricted)**
**Direct Activity**
**Costs**
**(restricted)**
**Raising Funds**
**Total 2024**
**£**
**£**
**£**
**£**
(189,634)
-
-
(189,634)
(19,064)
-
-
(19,064)
-
14,694
-
14,694
328
-
-
328
-
2,469
-
2,469
-
5,399
-
5,399
-
20,700
-
20,700
-
6,064
-
6,064
8,543
-
-
8,543
10,013
162
-
10,175
-
8,770
-
8,770
-
6,169
-
6,169
537
-
-
537
-
-
1,152
1,152
-
13,606
-
13,606
-
892
-
892
-
-
-
-
-
-
1,071
1,071
-
-
3,267
3,267
-
2,151
-
2,151

**(189,277)**
**81,076**
**5,490**
**(102,711)**

**(149,748)**
**858,298**
**13,142**
**721,692**| |---|---|---| British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2025 26 **Notes to the Accounts continued** ## **4. Employee costs** The average monthly number of UK based employees during the year was 7 (2024: 7). In addition, there were 9 employees based in Turkey (2024: 11) One employee’s salary and benefits fell into the range £60,000 to £70,000 (2024: one, £60,000 to £70,000). In 2025, the Institute’s key management personnel comprised the Director, the Assistant Director, the second Assistant Director and Director of Development, Commications and Operations. Their total remuneration including all salaries, pension and other benefits was £220,292. In 2024, the Institute’s key management personnel comprised 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. Staff costs in Turkey were £246,601 (2024: £241,308). The costs of employing UK remunerated staff were: |Salaries
National insurance costs
Pension costs
Pension costs USS movement
Other benefits
Travel costs
**Total Employment Costs**|**2025**
**2024**
£
£
191,072
227,438
8,052
6,243
23,007
43,505
-
(189,634)
12,896
11,499
1,118
-
**236,145**
**99,051**| |---|---| ## **5. Tangible Assets** ||**Computer and**
**Survey Equipment**|**Ankara**
**Refurbishments**|**Security**
**Equipment**|**Motor Vehicles**|**Total**| |---|---|---|---|---|---| ||£|£|£|£|£| |**Cost:**|||||| |Brought forward|113,336|109,031|20,553|16,157|259,077| |Additions in the year|2,967|2,355|1,970|-|7,292| |Disposals in the year|(7,516)|-|-|-|(7,516)| |Carried forward|108,787|111,386|22,523|16,157|258,853| |**Depreciation:**|||||| |Brought forward|106,247|57,727|20,553|16,157|200,684| |Charge in the year|3,171|10,946|219|-|14,336| |Depreciation eliminated on disposal|(7,319)|-|-|-|(7,319)| |Carried forward|102,099|68,673|20,772|16,157|207,701| |**Net book value:**|||||| |At 31 March 2025|6,688|42,713|1,751|-|51,152| |At 31 March 2024|7,089|51,304|-|-|58,393| British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2025 27 **Notes to the Accounts continued** ## **5. Tangible Assets continued** ## **Comparative 2024** ||**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. ## **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. British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2025 28 **Notes to the Accounts continued** ## **5. Tangible Fixed Assets continued** ## **HERITAGE ASSETS COLLECTION continued** _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. 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. British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2025 29 **Notes to the Accounts continued** ## **5. Tangible Fixed Assets continued** ## **HERITAGE ASSETS COLLECTION continued** _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 2025 30 ## **Notes to the Accounts continued** **----- Start of picture text -----**
6. Investments 2025 2025 2024 2024
Market Market
Fund Cost Cost
Value Value
£ £ £ £
Unrestricted
GAM Star Fund - - 13,391 11,542
Fundsmith LLP 1,716 5,448 3,051 10,361
CCLA Investment COIF 18,068 37,076 18,068 38,719
Blackrock Liquidity 19,774 20,000 22,428 22,606
Brown Advisory 39,797 38,472 - -
UBS (Lux) Fund Solutions 54,408 50,427 - -
Xtrackers 17,924 23,826 - -
Other Investments 137,656 139,915 215,700 237,362
Restricted
M&G Charifund 19,320 30,366 19,320 29,122
BNY Mellon Asia Pacific 10,754 13,597 10,754 13,747
T Bailey Fund - - 11,163 12,893
Octopus Renewables 11,519 6,400 11,519 7,150
BNY Mellon Global 13,417 14,304 13,417 14,078
Blackrock European 14,732 15,861 8,168 8,842
Bellevue Healthcare - - 9,337 8,591
JP Morgan ICVC 12,823 12,802 - -
Other Investments 9,595 8,030 9,619 7,597
381,503 416,524 365,935 422,610
Market value at beginning of year 422,610 350,150
Purchases 181,533 184,820
Disposal proceeds (185,099) (127,218)
Unrealised gain/(loss) in market value (4,933) 22,035
Realised gain in market value 2,413 (7,177)
416,524 422,610
Investment cash 7,058 3,657
Market value at end of year 423,582 426,267
**----- End of picture text -----**
## **7. Debtors** |Trade debtors
Prepayments and accrued income
**8. Cash at bank and in hand**
London
Ankara
Restricted - specific|**Unrestricted**
**Restricted**
**Total 2025**
**Unrestricted**
**Restricted**
**Total 2024**
£
£
£
£
£
£
301
-
301
50
19,914
19,964
13,500
44,689
58,189
15,899
62,290
78,189
13,801
44,689
58,490
15,949
82,204
98,153
**Unrestricted**
**Restricted**
**Total 2025**
**Unrestricted**
**Restricted**
**Total 2024**
£
£
£
£
£
£
-
208,690
208,690
154,208
-
154,208
-
28,569
28,569
12,623
-
12,623
-
16,108
16,108
-
40,437
40,437
-
253,367
253,367
166,831
40,437
207,268| |---|---| British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2025 31 **Notes to the Accounts continued** ## **9. Creditors** |Trade creditors
Social secuirty and other taxes
Accruals and deferred income
**Deferred income analysis**
**Deferred income b/f**
Membership income released
Membership income deferred
**Deferred income balance**|**Unrestricted**
**Restricted**
**Total 2025**
**Unrestricted**
**Restricted**
**Total 2024**
£
£
£
£
£
£
-
38,288
38,288
4,276
11,052
15,328
-
12,331
12,331
-
11,827
11,827
8,959
23,694
32,653
1,667
54,089
55,756
8,959
74,313
83,272
5,943
76,968
82,911
**31 Mar 2025**
**31 Mar 2024**
**£**
**£**
1,667
-
(1,667)
-
3,882
1,667
**3,882**
**1,667**| |---|---| ## **10. Provision for Post Employment Benefits** |Ankara staff severance fund
Balance carried forward
**Provision for Ankara staff severance**
Balance brought forward
Increase/(decrease) in provision
Balance carried forward
**Provision for USS deficit**
Balance brought forward
Increase/(decrease) in provision
Balance carried forward|**2025**
£
36,819
36,819
51,119
(14,300)
36,819
-
-
-|**2024**
£
51,119
51,119
62,480
(11,361)
51,119
189,634
(189,634)
-| |---|---|---| ## **Ankara Staff Severance** The institution employs staff in Ankara and as such is subject to Turkish payroll laws. As part of these regulations a staff severance fund is accruing relating to past employment costs and is payable when certain conditions are met by the employee including leaving the BIAA. British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2025 32 **Notes to the Accounts continued** ## **11. Reconciliation of Funds** |BIRI Research Grant
BIRI Library Grant
BIRI Outreach Grant
BIRI Core Grant
BIRI Contingency grant
BIRI Business Development Grant
BIRI Collective Grant
BIRI Digitial Archive Development
BIRI Writing Workshops
MEAP
Kilse Tepe
RICHeS
Doughty Whylie Scholarship grant
David French
Jameson Scholarships
Masters Dissertation
Prof O.R. Gurney Memorial
Turkish Scholars
Other
Restricted Fixed Asset Fund
**Funds c/f**
**General funds**|**Funds b/f**
**Income**
**Expenditure**
**Gains & losses**
**on**
**investments**
**Transfers**
**Funds c/f**
£
£
£
£
£
£
-
365,623
(365,623)
-
-
-
-
51,563
(51,563)
-
-
-
-
62,483
(62,483)
-
-
-
-
212,096
(206,829)
-
(5,267)
-
-
53,562
(53,562)
-
-
-
-
88,288
(88,288)
-
-
-
-
23,000
(23,000)
-
-
-
-
3,650
(3,650)
-
-
-
-
29,010
-
-
-
29,010
39,365
-
(13,432)
-
(2,025)
23,908
-
3,813
-
-
-
3,813
-
32,512
-
-
-
32,512
-
2,000
(2,000)
-
-
-
16,700
-
(1,885)
-
-
14,815
24,671
902
(1,147)
156
-
24,582
3,475
-
(500)
-
-
2,975
54,026
2,006
(2,485)
328
-
53,875
61,958
2,620
(2,464)
424
-
62,538
2,399
100
-
-
-
2,499
18,658
-
(4,388)
-
7,292
21,562
**221,252**
**933,228**
(883,299)
908
**-**
**272,089**
452,680
32,586
(81,096)
(3,428)
**-**
400,742
**673,932**
**965,814**
**(964,395)**
**(2,520)**
**-**
**672,831**| |---|---| Included within unrestricted funds is an amount of £3,428 relating to unrealised losses on investment assets (2024: ££15,524 gains). This represents the accumulated difference between original cost of the unrestricted investments and their market value at year end. An amount of £5,267 has been transferred from the BIRI Core grant and £2,025 from the MEAP grant to the Restricted Fixed Asset Fund. In 2024, £18,819 was transferred from the BIRI Core grant to the BIRI Fixed Asset Fund, now renamed Restricted Fixed Asset Fund. British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2025 33 **Notes to the Accounts continued** ## **11. Reconciliation of Funds – Continued** ## **Details of 2025 restricted funds** The BIRI monies represent elements of a grant received from the British Academy and is split over several key activities. British Community Council of Istanbul (BCCI) fund the Doughty Wylie Scholarship to support postgraduate and undergraduate research activities in Türkiye David French monies relate to amounts received from the estate of the late David French for the provision of post graduate scholarships. 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 Kilse Tepe - Funding was received from the University of Cambridge to provide proper storage for excavated material from excavations at Kilise Tepe at Silifke Museum. RICHES (Research Infrastructure for Conservation and Heritage Science) is a grant from Newcastly University to support the project 'Transforming Access To Mediterranean Cultural Heritage Science Collections'. The project runs for one year from July 2025. The Prof O R Gurney Memorial Fund are used to fund lecture series. 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. ## **Details of 2024 restricted funds now closed** BA Mid-year fellowship: Dr Işılay Gürsu was granted a British Academy Mid Career Fellowship to work on 'Public Understanding of Archaeology 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. 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 Rainwater Project Rainwater Harvesting for Climate Change Adaptation: Training Programme for Municipalities, funded by the International Project Funding of the British Embassy in Ankara British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2025 34 **Notes to the Accounts continued** ## **11. Reconciliation of Funds – Continued** ## **2024 comparative** |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-Year Fellowship
Doughty Scholarship
Boncuklu
Çatalhöyük
David French
Fragile Landscapes
Emergency Research Facilitation Grant (CPF)
Imagining Futures
Jameson Scholarships
Masters Dissertation
MEAP
Other
Prof O.R. Gurney Memorial
Rainwater Project
Turkish Scholars
**Funds c/f**
**General funds**|**Funds b/f**
**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
9,100
(20,649)
-
-
-
-
88,288
(88,288)
-
-
-
-
28,382
(28,382)
-
-
-
40,368
31,597
(71,965)
-
-
-
-
1,396
(1,396)
-
-
-
20,381
19,616
(39,997)
-
-
-
4,888
-
(4,888)
-
-
-
18,100
-
(1,400)
-
-
16,700
-
2,510
(2,510)
-
-
-
8,000
-
(8,000)
-
-
-
5,000
-
(5,000)
-
-
-
25,050
905
(1,170)
(114)
-
24,671
3,975
-
(500)
-
-
3,475
-
39,365
-
-
-
39,365
2,399
-
-
-
-
2,399
52,745
1,909
(388)
(240)
-
54,026
-
59,730
(59,730)
-
-
-
68,101
2,464
(8,295)
(312)
-
61,958
**260,556**
**957,979**
**(996,617)**
**(666)**
**-**
**221,252**
244,922
46,153
146,081
15,524
-
452,680
**505,478**
**1,004,132**
**(850,536)**
**14,858**
**-**
**673,932**| |---|---| British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2025 35 ## **Notes to the Accounts continued** ## **12.Analysis of Funds** |**12.Analysis of Funds**||||||| |---|---|---|---|---|---|---| |||||**Current**||| ||**Fixed Assets**|**Investments**|**Current Assets**|**Liabilities**|**Provision**|**Total**| ||£|£|£|£|£|£| |BIRI main grant|-|-|62,985|(62,985)|-|-| |BIRI Writing Workshop|-|-|29,010|-|-|29,010| |MEAP|-|-|23,908|-|-|23,908| |Kilse Tepe|-|-|3,813|-|-|3,813| |RICHeS|-|-|32,512|-|-|32,512| |David French|-|-|14,815|-|-|14,815| |Jameson Scholarships|-|17,814|6,768|-|-|24,582| |Masters Dissertation|-|-|2,975|-|-|2,975| |Prof O.R. Gurney Memorial|-|37,509|16,366|-|-|53,875| |Turkish Scholars|-|48,430|14,108|-|-|62,538| |Other|-|-|2,499|-|-|2,499| |BIRI Fixed Asset Fund|21,562|-|-|-|-|21,562| |Plymouth|-|-|11,328|(11,328)|-|-| |**Total Restricted**|**21,562**|**103,753**|**221,087**|**(74,313)**|**-**|**272,089**| |General funds|29,590|319,829|23,463|(8,959)|36,819|400,742| |**Total Funds**|**51,152**|**423,582**|**244,550**|**(83,272)**|**36,819**|**672,831**| ## **2024 comparative** |**2024 comparative**||||||| |---|---|---|---|---|---|---| |||||**Current**||| ||**Fixed Assets**|**Investments**|**Current Assets**|**Liabilities**|**Provision**|**Total**| ||£|£|£|£|£|£| |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**| |General funds|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**| British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2025 36 **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** In 2025, one trustee was paid £1,500 for editorial work (2024: £Nil). No remuneration or other benefits have been paid or are payable to any charity, trustee or connected person in the year to 31 March 2025 (2024: £Nil), in respect of their responsibilities as Trustees. In the year, 8 Trustees (2024: 6) were reimbursed £3,847 in expenses (2024: £2,556) relating to travel and accommodation. In the year no Trustees made any donations to the charity (2024: £0). In addition , trustees are members of the Institute and pay annual subscriptions. In 2025, no grants were awarded to Trustees (2024: £Nil) No other related party transactions have occurred in either the current or the prior year. ## **15. Commitments under operating leases** |**Land and Buildings**|**2025**
£|**2024**
£
7,965
22,566
-
**30,531**| |---|---|---| |||| |Less than one year
Between two and five years
greater than five years|41,464
79,473
-|| |**Total funds**|**120,937**|| |||| |||| |**16. Financial Instruments**||| ||**2025**
£|**2024**
£
422,610| |**Financial assets**|416,524|| |Financial assets at fair value through profit
and loss - comprised of listed investments||| |||| British Institute of Archaeology at Ankara Financial Statements year ended 31 March 2025 37