Annual Report 2007-8 - The British School at Rome

S TATEMENT OF F INANCIAL A CTIVITIESfor the year ended 31 March 2008Income and Expenditure Notes Total Funds Total FundsUnrestricted Restricted Year Ended Year EndedFunds Funds 31 March 2008 31 March 2007INCOMING RESOURCES:Incoming resources from generated fundsVoluntary incomeGrant from the British Academy£’0001,018£’00020£’0001,038£’000991Other grants, donations and legacies 2 350 3,121 3,471 2,346Subscriptions 9 - 9 14Activities for generating fundsAppeal income 3 2 12 14 27Other income 44 - 44 66Investment income 4 77 15 92 79Incoming resources from charitable activitiesPublications 27 - 27 29Residential income 5 328 - 328 293Other income 185 - 185 8Other incoming resourcesExchange gains - 223 223 -TOTAL INCOMING RESOURCES 2,040 3,391 5,431 3,853RESOURCES EXPENDED:Costs of generating fundsCosts of generating voluntary income 6 2 - 2 8Charitable activities 7–9 1,957 1,582 3,539 3,764Governance costs 10 51 - 51 57TOTAL RESOURCES EXPENDED 2,010 1,582 3,592 3,829Net incoming resources before other recognised 30 1,809 1,839 24gains and lossesOTHER RECOGNISED GAINS AND LOSSESRealised gains on investments 13 22 2 24 59Unrealised (losses)/ gains on investments 13 (134) (15) (149) 54Net movement in funds (82) 1,796 1,714 137Opening funds 2,493 620 3,113 2,976Total funds carried forward 2,411 2,416 4,827 3,113The notes on pages 46 to 50 form part of these financial statements.The statement of financial activities is prepared on the basis that all activities are continuing.44