2021-03-31-accounts - Cotswold Archaeology Ltd

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		Unrestricted Funds	Restricted Fund	2021 Total	2020 Total
Income
Donations and Legacies:
Income from charitable activities:
Archaeological projects Book saies Donations Government grants Investment income Surplus on fixed assets disposafs		18,371,206 984 658,122 11,927 6,100	26,992	18,371,206 984 26,992 658,122 11,927 6,100	12,669,255 1,410 122,670 16,482 19,000
Total Incoming Resources		19,048,339	26,992	'l9,075,331	12,828,817
Expenditure
Expenditure and charitable activities:
Archaeological projects Other support costs		17,185,356 398,598		17,185,356 398,598	11,886,806 446,716
Total Resources Expended		17,583,954		17,583,954	12,333,522
		1,464,385	26,992	1,491,377	495,295
Unrealised surplus/(loss) on investments		2,238		2,238	(540)
Net Incoming Resources for the year Actuarial (loss)/gain on defined benefit		1,466,623	26,992	1,493,615	494,755
pension scheme		(883,000)		(883,000)	191,000
Net INovement on Funds		583,623	26 992	610,615	685,755
Fund Balances brought forward		3,824,632	42,893	3,867,525	3,181,770
Fund Balances carried forward	12	E4,408,255	269,885	f4,478,140	E3,867,525

		2021	2020
CASH USED IN
OPERATING ACTIVITIES
CASHFLOW FROM		1,645,980	253,663
INVESTING ACTIVITIES
Interest received
Payments to acquire tangible fixed assets Receipts from disposal oftangibie fixed assets		11,927 (108,037)	16,482 (197,522)
		6,100	19,000
Cash provided by (used in) investing Purchase offixed asset investments Cashflow from financial activities	activities	1,555,970	91,623
		(13,869)	(8,628)
INCREASEIN CASH
CASH AND CASH EQUIVALENT AT THE		1,542,101	82,995
BEGINNING OF THE YEAR
TOTAL CASH AND CASH EQUIVALENT AT THE END OFTHE YEAR		2,123,474	2,040,479
		E3,665,575	82,123,474

RECONCILIATION OF OPERATING SURPLUS TO NET CASH (OUTFLOW)/INFLOW FROII OPERATING ACTIVITIES	2021	2020
Net Incoming/(outgoing) resources Depreciation (Profit)/loss on disposal offixed assets Actuarial loss/(profit) on defined benefit pension scheme Unrealised (profit)/loss on investments Interest received (Increase)/Decrease in debtors Increase/(Decrease) in creditors	610,615 211,521 (6, 100) 883,000 2,238 (11,927) (2,688,911) 2,645,544	685,755 244,375 (19,000) (191,000) (540) (16,482) (1,176,472) 727,027
Net cash inflow from operating activities	E 1,645,980	E253,663

Surplus on Ordinary	Activities		2021		2020
The surplus is stated	after charging:
Auditors Remuneration Depreciation Profit on disposal offixed asset		f F	9,100 211,521 (6,100)	F P F	8,500 244,375 (19,000)

5	. Tangible Fixed As
		Short Leasehold	Plant and Machinerar	Total
	Cost
	At 1stApril 2020 Additions in Year Disposals	274,958	1,131,737 108,037 (190,745)	1,406,695 108,037 (190,745)
	At 31stMarch 2021	274,958	1,049,029	1,323,987
	~De reciation
	At 1st April 2020 Charge for the Year Disposals	192,892 29,574	749,173 181,947 (190,745)	942,065 211,521 (190,745)
	At 31st March 2021	222,466	740,375	962,841
	Net Book Value
	At 31st March 2021	E52,492	E308,654	F361,146
	At 31st March 2020	2 82,066	E382,564	E464,630
6.	Investments
			2021	2020
	Nlarket value
	Balance b/fwd Additions		533,195	524,027
	Accumulated interest Unrealised gains/(loss) on investments Realised gain on investments		9,393 2,238	9,708 (540)
			F 544,826	F533,195

7.	Debtors
				2021	2020
	Trade Debtors Other Debtors Amounts Recoverable		on Contracts	6,179,711 131,744 788,607	3,736,659 122,912 551,580
				2 7,100,062	F4,411,151
8.	Creditors (Amounts	falling due within one year)		2021	2020
	Trade Creditors
	Taxation and Social Other Creditors	Security Costs		426,626 1,333,184	703,322 653,201
	Deferred Income			948,501 2,525,158	138,487 1,092,915
				F 5233469	E2 587 925

	~Re ort	Outreach	New	Premises	Pension	Total
	A~rchivin		T~echnolo		Fund
1stApril 2020	60,000	100,000	300,000	100,000	850,000	1,410,000
Expenditure Transfer	(15,000) 40,000	(50,000) 75,000	(91,800) 91,800	(23,000) 53,000	250,000	(179,800) 509,800
31st March 2021	E85,000	E 125,000	E300,000	F 130,000	E 1,100,000	f 1,740,000

Year ended: Opening defined benefit obligation Current service cost			31st Nlar 2021 f(000) 6,369 170	31st Mar 2020 E(000) 6,775 226
Interest cost			148	172
Contributions by members			39	41
Actuarial losses / (gains) Past service costs / (gains)/losses			2, 141	(761)
Losses/ (gains) on curtailments
Liabilities extinguished on settlements
Liabilities assumed in business combination
Exchange differences
Estimated unfounded benefits paid
Benefits paid			(54)	(84)
Closing defined benefit obligation
			8,813	6,369
Reconciliation offair value ofemployer assets
Year ended:			31st Mar 2021	31st Nlar 2020
Opening fair value ofemployer assets Net interest			E(000) 5,292 ' 123	E(000) 5,507 139
Contributions by members			39	41
Contributions by the employer			152	161
Return on assets excluding amounts Assets distributed on settlements	included	in interest	1,301	(472)
Exchange differences
Benefits paid			(54)	(84)
Closing fair value ofemployer assets			6,853	5,292

Change in assumptions at 31st March 2021:	Change in assumptions at 31st March 2021:	Approximate %increase to Defined Benefit Obligation	Approximate %increase to Defined Benefit Obligation	Approximate monetary Amount (K000)	Approximate monetary Amount (K000)	Approximate monetary Amount (K000)
0.5%decrease 0.5% increase	in Real Discount Rate in the Salary Increase Rate		12 1			1,032 128
0.5% increase	in the Pension Increase Rate		10			881

Analysis ofprojected	profit for the year to 31st Nlarch 2022	profit for the year to 31st Nlarch 2022
Year ended:	31st Nlarch 2022
	6(000)	%of Pay
Projected current service cost Interest including plan assets	(237) 142	(47.0) 28.2
Interest cost on defined benefit obligation Past service cost including curtailments	(183)	(36.3)
Effect ofsettlements
	(278)	(55.1%)