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|||Note|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|
##
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##
|||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|
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|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)|
##
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|Total Resour|ces Expe|nded||||||||
|---|---|---|---|---|---|---|---|---|---|
||||Staff Costs|~Oe|reciatioo|Other Costs||Total|Total|
|||||||||2021|2020|
|Archaeological|Projects||7,209,352||211,521|9,764,483||17,185,356|11,886,806|
|Management|and|||||||||
|Administration|||389,498|||9,100||398,598|446,716|
||||F 7,598,850||E211,521|E9,773,583||F 17,583,954|2 12,333,522|
|||||||||2021|2020|
|Other Support Costs||||||||||
|Salaries||||||||389,498|438,216|
|Audit and Accountancy||Fees||||||9,100|8,500|
|||||||||E398,598|E446,716|
|||||||||2021|2020|
|Staff Costs||||||||||
|Wages and Salaries||||||||6,515,094|6,107,315|
|Social Security|Costs|||||||591,050|560,811|
|Pension Costs||||||||492,706|509,294|
|||||||||F-7,598,850|E7,177,420|
|Employees
benefits||||j 60,001 - E 70,000
F 81,000 - F 90,000|||2
1|||
|pension sche|mes|||
|---|---|---|---|
|The average|number ofemployees|||
|.analysed
by function, was:||||
|Archaeological|Projects|252|209|
|Management|and Administration|14|14|
|||266|223|
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|5|.
Tangible Fixed As|sets||||
|---|---|---|---|---|---|
||||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|
##
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|||||2021|2020|
|---|---|---|---|---|---|
|Cash at Bank||||F69,885|E42,893|
||Historic En|land|Roman CBM PhD||Total|
||||Fund|||
|As at 1st April 2020|13,400||29,493||42,893|
|Income
in year|||26,992||26,992|
|Expenditure
in year||||||
|As at 31st March 2021|F 13,400||E56,485||P69,885|
##
|||||General|~Desi
nated|Total|
|---|---|---|---|---|---|---|
|As at 1st|April|2020||2,414,632|1,410,000|3,824,632|
|(Deficit)/Surplus||for|the year|763,423|(179,800)|583,623|
|Transfers|between||Funds|(509,800)|509,800||
|||||E2,668,255|E 1,740,000|F4,408,255|
||~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|
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|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|amount to be charged to operating|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%)|
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