Charity registration number 231161 (England and Wales)
Company registration number 00740813
THE BRITISH INSTITUTE OF PERSIAN STUDIES
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
THE BRITISH INSTITUTE OF PERSIAN STUDIES
CONTENTS
Page
Trustees' report
1 - 3
Independent examiner's report
4
Statement of financial activities
5
Balance sheet
6
Notes to the financial statements
7 - 17
THE BRITISH INSTITUTE OF PERSIAN STUDIES
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The trustees present their annual report and financial statements for the year ended 31 March 2025.

Reference and administrative details
Trustees
Professor Ali Ansari - President
Dr Vesta Sarkhosh Curtis - Vice President
Hossein Hamedani - Hon Treasurer
Dr Sarah Stewart - Hon Secretary
Dr Cameron Petrie
Dr Arezou Azad
Professor Andrew Newman
Dr Lindsay Allen
(Resigned 21 November 2024)
Dr Shabnam Holliday
Dr Roham Alvandi
Dr Saeedreza Talajooy
David Gye
Dr Evaleila Pesaran
(Appointed 21 November 2024)
Dr Mariano Errichiello
(Appointed 21 November 2024)
Dr W Ball
(Appointed 27 February 2025 and resigned 14 October 2025)
Charity number
231161
Company number
00740813
Registered office
10 Carlton House Terrace
London
SW1Y 5AH
Independent examiner
J A Griggs FCA
61 London Road
Maidstone
Kent
ME16 8TX

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 (FRS 102)".

Objectives and activities

The objectives of the charity are to promote and encourage the study of Iran and the wider Persianate world, the history, civilisation and culture in all periods, including the archaeology of Persian artefacts worldwide.

THE BRITISH INSTITUTE OF PERSIAN STUDIES
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Achievements and performance

The year 2024-25 has seen us pursue the various pillars of our strategic plan which will see us through to 2030. We are in the process of rethinking the structure of our grant awards with greater focus on early career researchers providing necessary seed money to allow them initiate projects which can in time secure further grant money. With our flagship programmes – which ran over three years – coming to an end, we are in the process of replacing our flagship research projects with a single BIPS Fellow which will allow us to support researchers from abroad who wish to come to the UK for a brief period to conduct research. Last year we inaugurated our BIPS Outreach project Grants to support projects that promote the knowledge of the Persianate world to a non-academic audience, with four excellent applications from leading institutions including Kew Gardens and Sissinghurst.

Our India networking and digitisation pillars continue to develop at pace with major collaborations due to take place with two institutional Indian partners in 2026 on the topics of Zoroastrianism and Mughal India in relation to the Persianate world. We continue to grow our digital offering with partnerships with Persian Language Online and the Golha platform both of which provide resources to the public for free.

The digitisation platform has been configured and we have made significant progress in review and digitisation of Stronach and other archives. This has been achieved in collaborative work with the other Research Institutes (BIRIs) funded by the British Academy and the Archaeological Data Service in York. The objectives are developing in-house expertise and guidelines and good practices which constitute the standards for modern digital archives, including compilation of a comprehensive user guide to BIPS digital platform. The next phase is data completion, cleansing and the migration of the archives onto the platform.

BIPS also collaborated with the BIRIs, in production of two digital stories, one on the contributions of women to the work of the institutes in their early days and the other on the early history of the institutes, which identified the wealth of information preserved by the archives, the links between the BIRIs, and the opportunities provided by the digitisation of the archives for wider public access to the information and research of the archives.

The Stronach Fellow has made remarkable progress, and the records of the Yarim Tepe excavations have been digitised and a volume prepared for publication. It is currently being peer reviewed. Great progress has also been made with the record of the Nush-i Jan (Malayr-Jowkar Plain) Survey. They have been digitised and a full publication, with catalogue, which includes the sites, is now in the course of preparation. This report has been eagerly awaited by the scholarly community, and will make a substantial contribution to knowledge.

Financial review

Unrestricted funds decreased by £5,151 (2024: £3,734) to £235,137 (2024: £240,288). A restricted fund was created in the financial year ended 31 March 2012 in respect of a donation of £4,000 towards funding book publication grants. This fund had a balance of £2,000 (2024: £2,000) as at 31 March 2025. A restricted fund was created in 2013 for advanced language training. There was a balance of £13,260 on this fund as at 31 March 2025 (2024: £13,260). The Digitisation fund was created in 2022 from a donation for the cost of digitisation of BIPS archive of historical archaeological and research records. The balance on the fund is £9,900 as at 31 March 2025 (2024: £6,250). The designated funds set aside by the trustees for a new motor vehicle and to facilitate travel grants for research students continued to be carried forward. A new fund was created in March 2024 from a grant provided by the British Academy to contribute towards the cost of running and development of Persian Language Online. This fund started its activity in the year and had a balance of £21,283 at 31 March 2025 (2024: £10,000).

Structure, governance and management
The charity is a company limited by guarantee, registered in England and Wales, and governed by its Memorandum and Articles of Association.
THE BRITISH INSTITUTE OF PERSIAN STUDIES
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Recruitment and appointment of trustees

All trustees – except for office holders – serve a three-year term renewable once, for a total of six years. When vacancies arise director/trustee candidates are nominated by two members and submitted for election by the membership. Successful candidates are announced at the AGM, subject to the maximum total number of trustees allowed by the Article s of Association.

The trustees' r eport was approved by the Board of Trustees.

Professor Ali Ansari - President
Dr Vesta Sarkhosh Curtis - Vice President
Trustee
Trustee
22 October 2025
THE BRITISH INSTITUTE OF PERSIAN STUDIES
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE BRITISH INSTITUTE OF PERSIAN STUDIES
- 4 -

I report to the trustees on my examination of the financial statements of The British Institute Of Persian Studies (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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 that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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

J A Griggs FCA

Levicks
61 London Road
Maidstone
Kent
ME16 8TX
23 October 2025
THE BRITISH INSTITUTE OF PERSIAN STUDIES
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
Notes
£
£
£
£
£
£
Income and endowments from:
Donations and legacies
2
260
277,313
277,573
199
223,058
223,257
Charitable activities
3
17,255
-
17,255
22,432
-
22,432
Investment income
4
6,497
-
6,497
6,443
-
6,443
Total income
24,012
277,313
301,325
29,074
223,058
252,132
Expenditure on:
Charitable activities
5
26,153
262,380
288,533
39,098
238,701
277,799
Total expenditure
26,153
262,380
288,533
39,098
238,701
277,799
Net gains/(losses) on investments
9
(1,449)
-
(1,449)
3,531
-
3,531
Net income/(expenditure)
(3,590)
14,933
11,343
(6,493)
(15,643)
(22,136)
Other recognised gains and losses:
Other gains/(losses)
11
(1,561)
-
(1,561)
2,759
-
2,759
Net movement in funds
6
(5,151)
14,933
9,782
(3,734)
(15,643)
(19,377)
Reconciliation of funds:
Fund balances at 1 April 2024
240,288
32,825
273,113
244,022
48,468
292,490
Fund balances at 31 March 2025
235,137
47,758
282,895
240,288
32,825
273,113

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE BRITISH INSTITUTE OF PERSIAN STUDIES
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 6 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
12
47,533
47,533
COIF investments
13
46,965
-
94,498
47,533
Current assets
Debtors
14
8,200
2,040
Investments
15
-
48,414
Cash at bank and in hand
327,874
223,400
336,074
273,854
Creditors: amounts falling due within one year
16
(147,677)
(48,274)
Net current assets
188,397
225,580
Total assets less current liabilities
282,895
273,113
The funds of the charity
Restricted income funds
18
47,758
32,825
Unrestricted funds
19
235,137
240,288
282,895
273,113

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 22 October 2025
Professor Ali Ansari - President
Company registration number 00740813 (England and Wales)
THE BRITISH INSTITUTE OF PERSIAN STUDIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
1
Accounting policies
Charity information

The British Institute Of Persian Studies is a private company limited by guarantee incorporated in England and Wales. The registered office is 10 Carlton House Terrace, London, SW1Y 5AH.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified by the revaluation of investments. Investments are included at market value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

- Income received by way of grants, donations and gifts is included in full in the statement of financial activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the Institute, are recognised when the Institute becomes unconditionally entitled to the grant.

- Investment income is included as it accrues.

- Income from charitable trading activities is accounted for when earned.

THE BRITISH INSTITUTE OF PERSIAN STUDIES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 8 -
1.5
Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be recovered, and is reported as part of the expenditure to which it relates.

Other costs include those costs associated with meeting the constitutional and statutory requirements of the Institute and include the independent examiners’ fees and costs linked to the strategic management of the Institute.

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. All costs are allocated directly to a particular activity.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
2.5% straight line
Fixtures and fittings
15% reducing balance
Library books
not depreciated

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Since 1995, assets purchased by the charity have been expensed through the statement of financial activities. However, if a significant capital expenditure is being proposed, the trustees consider whether this treatment is appropriate in relation to the specific transaction concerned.

1.7
Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

The trustees have reviewed the current asset investments held by the charity. It is intended that these are held for the foreseeable future and therefore they have been reclassified as fixed asset investments.

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

THE BRITISH INSTITUTE OF PERSIAN STUDIES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 9 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Donations and gifts
260
5
265
199
50
249
Grants
-
277,308
277,308
-
223,008
223,008
260
277,313
277,573
199
223,058
223,257
3
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Hostel income
Ancillary trading income
1,800
6,000
Publication sales
Ancillary trading income
7,089
7,643
Subscriptions
Memberships
8,366
8,789
17,255
22,432
THE BRITISH INSTITUTE OF PERSIAN STUDIES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
4
Investment income
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Bank interest
1,379
1,356
Income from investments
5,118
5,087
6,497
6,443
5
Expenditure on charitable activities
Unrestricted funds
Restricted funds
Total
Unrestricted funds
Restricted funds
Total
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Direct costs
Grants & scholarships
9,875
165,189
175,064
5,360
116,504
121,864
Workshops & lectures
-
2,974
2,974
-
27,534
27,534
Book publication costs
-
3,898
3,898
-
6,000
6,000
Office costs
4,535
11,623
16,158
8,040
27,652
35,692
Financial costs
146
-
146
136
-
136
Journal expenses
-
6,638
6,638
-
5,540
5,540
Outreach
-
32,905
32,905
-
41,519
41,519
Establishment & maintenance
2,311
13,214
15,525
8,642
13,952
22,594
Examination & accountancy
3,000
-
3,000
3,310
-
3,310
Management
6,205
-
6,205
6,258
-
6,258
Legal expenses
81
-
81
7,352
-
7,352
Research costs
-
18,927
18,927
-
-
-
PLOL costs
-
7,012
7,012
-
-
-
26,153
262,380
288,533
39,098
238,701
277,799
Analysis by fund
Unrestricted funds
26,153
-
26,153
39,098
-
39,098
Restricted funds
-
262,380
262,380
-
238,701
238,701
26,153
262,380
288,533
39,098
238,701
277,799
6
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
3,000
3,310
THE BRITISH INSTITUTE OF PERSIAN STUDIES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 11 -
7
Trustees

7 members of the Council received travel and other expenses totalling £3,847 (2024: £2,131). An honorarium of £1,000 was paid to Cameron Petrie, one of the trustees, for editing the Iran Journal for the year.

8
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
General staff
2
2
Employment costs
2025
2024
£
£
Wages and salaries
55,656
44,909
Social security costs
140
-
Other pension costs
5,600
4,491
61,396
49,400

The charity operates a defined benefit pension scheme for its employees. The charity has no liability beyond the payment of these contributions.

There were no employees whose annual remuneration was more than £60,000.
9
Gains and losses on investments
Unrestricted
Unrestricted
funds
funds
2025
2024
Gains/(losses) arising on:
£
£
Revaluation of investments
(1,449)
3,531
10
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

11
Other gains and losses
Unrestricted
Unrestricted
funds
funds
2025
2024
Gains/(losses) upon:
£
£
Foreign exchange
(1,561)
2,759
THE BRITISH INSTITUTE OF PERSIAN STUDIES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 12 -
12
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Library books
Total
£
£
£
£
Cost
At 1 April 2024
260,656
27,419
47,533
335,608
At 31 March 2025
260,656
27,419
47,533
335,608
Depreciation and impairment
At 1 April 2024
260,656
27,419
-
288,075
At 31 March 2025
260,656
27,419
-
288,075
Carrying amount
At 31 March 2025
-
-
47,533
47,533
At 31 March 2024
-
-
47,533
47,533
13
Fixed asset investments
COIF investment
£
Cost or valuation
At 1 April 2024
48,414
Valuation changes
(1,449)
At 31 March 2025
46,965
Carrying amount
At 31 March 2025
46,965
At 31 March 2024
-
14
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
6,643
446
Other debtors
5
42
Prepayments and accrued income
1,552
1,552
8,200
2,040
THE BRITISH INSTITUTE OF PERSIAN STUDIES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 13 -
15
Current asset investments
2025
2024
£
£
COIF investments
-
48,414
16
Creditors: amounts falling due within one year
2025
2024
£
£
Other taxation and social security
4,542
372
Other creditors
3,648
3,552
Accruals and deferred income
139,487
44,350
147,677
48,274
THE BRITISH INSTITUTE OF PERSIAN STUDIES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 14 -
17
Fund Purposes

Restricted Funds:

Bahari Foundation fund - This fund represents money given to the Institute towards its special series publications.

Advanced language training fund - This fund represents money given to the Institute by the British Academy for the provision of advanced language training for research students.

Conference fund - This fund represents money given to the Institute by the British Academy for promoting and encouraging study of Iran and the wider Persianate world.

Basic fund - This fund represents the basic grant from the British Academy used for the core charitable purposes of research, communications and outreach, library and collections and establishment costs.

Iran Society - This fund represents monies passed through the Institute from the Iran Society in respect of an arrangement to aid the provision of grants to scholars in the final year of their PhD.

Bruce Wannell fund - This fund has been set up in memory of the Iranian Scholar Bruce Wannell, to fund an annual public lecture in his honour at the University of York. The balance of funds was transferred to the University of York in 2024. Going forward events will continue with The British Institute of Persian Studies as a named sponsor and participant.

Digitisation fund - This fund has been set up to contribute towards the cost of digitising BIPS archive research and archaeological material. The costs were committed by the year end and will be paid in 2025/26.

Persian Language Online - This fund was initially provided by The British Academy to contribute towards the cost of running and the development of Persian Language Online.

Fellowship fund - This is a multi-year fellowship grant included within the Basic fund. BIPS is responsible for the payment of salary each month.

Strategic fund - This is a long-term project in association with Indian institutions. The costs were committed by the year end and will be expensed by November 2026.

Unrestricted Funds:

General fund - This represents funds available to be spent or applied at the discretion of the trustees to further any of the charity’s purposes.

Designated Funds:

BIPS UG/PG travel fund - This fund represents monies to be used to facilitate travel by research students to Iran.

Motor vehicles - This fund represents money set aside to facilitate the purchase of a new vehicle.

THE BRITISH INSTITUTE OF PERSIAN STUDIES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 15 -
18
Restricted funds

The restricted funds of the charity compri se the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be use d.

At 1 April 2024
Incoming resources
Resources expended
Transfers
At 31 March 2025
£
£
£
£
£
Bruce Wannell
50
-
-
-
50
Digitisation fund
6,250
3,650
-
-
9,900
Bahari Foundation UG/PG travel
2,000
-
-
-
2,000
Advanced language training
13,260
-
-
-
13,260
Conference fund
1,265
-
-
-
1,265
Persian Language Online
10,000
20,005
(8,722)
-
21,283
Basic fund
-
211,008
(211,008)
-
-
Strategic fund
-
42,650
(42,650)
-
-
32,825
277,313
(262,380)
-
47,758
Previous year:
At 1 April 2023
Incoming resources
Resources expended
Transfers
At 31 March 2024
£
£
£
£
£
Bruce Wannell
25,693
50
(25,693)
-
50
Iran Society
-
2,000
(2,000)
-
-
Digitisation fund
6,250
-
-
-
6,250
Bahari Foundation UG/PG travel
2,000
-
-
-
2,000
Advanced language training
13,260
-
-
-
13,260
Conference fund
1,265
-
-
-
1,265
Persian online learning
-
-
-
10,000
10,000
Basic fund
-
221,008
(211,008)
(10,000)
-
48,468
223,058
(238,701)
-
32,825
THE BRITISH INSTITUTE OF PERSIAN STUDIES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 16 -
19
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2024
Incoming resources
Resources expended
Transfers
Gains and losses
At 31 March 2025
£
£
£
£
£
£
General fund
214,858
24,012
(16,277)
-
(3,010)
219,583
Motor vehicles
10,791
-
-
-
-
10,791
BIPS UG/PG travel
14,639
-
(9,876)
-
-
4,763
240,288
24,012
(26,153)
-
(3,010)
235,137
Previous year:
At 1 April 2023
Incoming resources
Resources expended
Transfers
Gains and losses
At 31 March 2024
£
£
£
£
£
£
General fund
213,231
29,074
(33,737)
-
6,290
214,858
Motor vehicles
10,791
-
-
-
-
10,791
BIPS UG/PG travel
20,000
-
(5,361)
-
-
14,639
244,022
29,074
(39,098)
-
6,290
240,288
20
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
£
£
£
At 31 March 2025:
Tangible assets
47,533
-
47,533
Fixed asset investment
46,965
-
46,965
Current assets/(liabilities)
140,639
47,758
188,397
235,137
47,758
282,895
THE BRITISH INSTITUTE OF PERSIAN STUDIES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20
Analysis of net assets between funds
(Continued)
- 17 -
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 March 2024:
Tangible assets
47,533
-
47,533
Current assets/(liabilities)
192,755
32,825
225,580
240,288
32,825
273,113
21
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

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