Registered numb8r 03218318 Charity number 1056599 THE ASSOCIATION FOR ROMAN ARCHAEOLOGY LIMITED Accounts Statements for the year ended 31 March 2022 Account¢fr&OOOXKEEPIIIS"LTO ¥A8LVILIA 04101r2023 COMPANIES HOUSE 1101
THE ASSOCIATION FOR ROMAN ARCHAEOLOGY UMITED Legal and Administrative Information Trustt¢s Mr A.BeesM . Eied 01hJ4r2022 MrA Hemmings Dr S Mcortlead MrG Soffe MrMJStert Or K AdcLrk Mr S Adc(Kk MrT Amold MrRNe Charlty number lo99 Company number 03218318 Regitt¢d offlce 75 Yot* Road s¥ndOn WIMshKe SN12JU Accountants Axts AccOn9 and BookkeeixThJ Limited 1 George wilh Way C012JS
THE ASSOCIATION FOR ROMAN ARCHAEOLOGY UMITED Registered number. 03218318 Trustees Report Ilncluding Difectors. report) for tho year ended 31 March 2022 The direct¥ wesent their rewt and Tmar1 statements for the Y erKJed 31 March 2022. Tho finan¢id statemwis have teen wepared in ac¢orOarte wth the accountiTrJ poliu'os Strt OLA in note 1 to the final81 slalements aThJ comprfy Ihe thantys deed of trust. Companies Act 2(X16 and "Accowting and Reporling by Charities: Smeml of Reecmended Practs"ce 4)plicae lo Gharitie$ prtpanng Iheir acctyjnts in tKcorOance the Finangal Rekvting SlaTraard 4)plicae in lh¢ UK and Repl)11¢ of IrelaTrl (FRS 1021 (effectbve 1 janu 2015)- Objectlves and adivtties Th? comptys priTh2pal acts thriTrJ Ihe yew contnuwj to be that of promoting the advancement of the education of the put4ic in Ihe histw and wthaeotogy of the Roman period. The trustees, who me81 at least four times a year to manage affairs. run the charity. The truslee5 Wry out their work on a vduntary ar¥J are assisled by volunlews. whose help 1$ greatty appr¢¢iat¢d. The Trustees have paKI due regard lo guNlanee issued by the CFIty Commission in respect to public ben¢fit in deciding wftsit 8th.b"e5 the charity shtjjld undertake. More details of our ivib'e$ are gNen in the attxhed statement of FInCIal Acb'lities and in the Note$. The Treaswefs Report also details a revi of the financia p8rtomance and woMde5 detsils as to the future plan5 for Ihe tharity. A¢hievements and perfornmnce Full details of the achievements and pgrYomaP of the association in the year lo 31 March 2022 are Pfovide(l in the Charman's report aThJ Treasurers rew)rt wfm.ch are attached to the acLounts presented lo members for approval. silf1 achievemwbts. noted in those reports irKtyJde'. The publicatson of issues of ARA News ARA txAletin. The cxganisalion of Iwo UK $tudy tjr$ ar1 a progrwnme of L)14ne taS.8 further series of fund. raistng study Icws arrty events The Associatr'on mado donabcns WAI to sutwt excavation projects. educaticfflal events. individual resear¢h. museums and p10n5. These are detaled in note 7. FSnan¢l•l review This year there have not been arty SUbStw d811$ or bequests received. Increased and lower costs have reSted in an operab"rKJ surrAus fcw the year. 11 is the pdicy of Ihe ch*ty trtal UnreStrted funds which have not teen designated for a specrfic sp shoy.ld b¢ m.a'n.tained 41 a leve.l equiva.I.t to a yearfs expen¢.ilure. Tho Tw.s1g&F ¢(n$id8r Ihat reserves al this level will ensure that in the event of a signrficant drop in funth"ng. théy will te able lo continue th8 charitys current &tiMties vthile Considerati is given to ways in wlN"th thb.onal fLmds may be rawd. This thl of reswves has been exeeeded througfK)Ut the year. The Trustees have assessed the major strateg, business aTrJ operati¢Ytal risks which the cftarity is exposed, and are salisfied thai Systems are in Plxe to mib.gate exposure to the major risks.
THE ASSOCIATION FOR ROMAN ARCHAEOLOGY UMITED Registered number: 03218318 Trustees Rèport (Including Dlrectors, report) Slruclure. govemance and rnanagement The charity is a ccffipany limited by guarantee WKI 15 Gryrtrdled by its govemirwJ dotsJmgn( a deed of trust. The Trustse$. who are also ts directors for the wrse5 of compary la4V. and who seThed Ojring the year were.. Mr A Beeson MrA Hemmings Dr S Mo¢xhead MrG Soff• Mrm J Stonè tk K A(kock Mrs Adco MrT Amold MrRNew Eath y¢ar, thè tsvo Trust havè t*en loro8St in office since their Lasl 8fection shan r8tiro and may offer themsdves for re4lection None of the Trustees has any benefioal interest in the C(panY. Ml of the TNsiees are memters of the ccfflpany and guaranlee to ¢)xitribule £1 in ts event of a winthng up. There are rm) emFdoyees cl the tharity aNJ it 1$ run ty the Board of Trustees. Mr A Hemmings Trustee 05 November 2022
THE ASSOCIATION FOR ROMAN ARCHAEOLOGY UMITED Statement of Financial Activities Including Income and Expendlture Account for the year ended 31 March 2022 2022 2021 Income frnm: Donab'ons and legaciès Other trathng activibes Investment$ Y2.871 20.662 2.234 Total income 25,105 20.662 Raisirvj funds 1.317 Charitable athlities 23,072 27.765 24,389 27.765 Net {expendltureVlncom¢ for the ytafl Net movement In funds 716 (7.1031 Total fi¥Kls brought fcrfw¥d 108.121 115.224 Tot•1 fvnds carried fomard 108,837 108, 121 The ststement of finarKJal ath"vtlies indudes all g&ns and losses recognised in the year. l irKome aThd expenditure t*ri%e acb"Vrt$. The ststement of ffinla1 aclivibes dso complies with the requirements for coMe expenditure account uTrJer ts Companies Act 2(K6.
THE ASSOCIATION FOR ROMAN ARCHAEOLOGY LIMITED Registered number: 03218318 Balance Sheet as at 31 March 2022 Notes 2021 Flxed assets Tangible assets 12 Current assets Debtors Cash at bank &KI in h&KI 13 6,000 106.565 112,565 1.016 114.016 Credltor5: amounts falllng duo withln one year 14 {5.179) 14.444) Net ¢UTrenl assets 108.837 108,121 Total assets less cufrent Ilabi16ties 108,837 108,121 Net assets 108,837 108.121 Income funds Unreslricled fuThJs 108.837 108,121 108.837 108.121 The company is entitled to the exempti¢)n frcm Ihe audit requirement contained in section 477 of the Companies Acl 20C6, for the year ded 31 March 2022. No member of the cornpany has deposited a nolice. pursuant to $tion 476. requirirvJ an aLt of Ihgse finala1 statements. The Trustees resFrfLYlItIes ensurww that Ihg charity keops accounting rec{d5 which comply with section 386 of Ihg Act ar fty weparing acthunls which give a true fair view of the state of affairs of Company as at tho end of tho financAal year and of rts incoming resoufCS and application of resources. induding rts irKome arKJ expenditure. for the finaral year in accOrdae wilh the requirements of sKti¢)n$ 394 and 395 aThJ whith olhwwise comply with thg requirements of thg Companie$ Ad 2(K rel*ry to &counts, $0 far as aprAicabl¢ to the eAimpany Thes0 financial $tatemont$ haNB b••n pr¢par in a¢cordm wth th• wowsions applicablo 10 Companies suty.ect to the small eumpanies Me. Mr A Hemmings Tnjslee Approved by th8 Tntstees on 5 Nov8mLw 2ry22
THE ASSOCIATION FOR ROMAN ARCHAEOLOGY LIMITED Notes to the Accounts for the year ended 31 March 2022 1 Ac¢ountln9 poNcles The Asse¢ialion for Roman Arehaedogy Limrted is a pThte rnpanY limited by arantee ineorpor8ted in England and Wales. The registered ofkn is 75 York Ro, Swindon, Wirtshire. SN1 2JU. Ilccountiiig ¢onveftfion The finarrial statemenls have been wepared wth thariws goveming (kncumenl. Ihe Companies A¢t 20L -Ae¢wnting and Repkn"ng by Chanb"es". Statement of Recmended Praeb"ee apyicat4e lo chants.es Kry)arirvJ their accc4mts in accordance with the Financial ReF(xliro Standard awlicat4e in ts UK and Reput4ic of Ireland IFRS 102}" {as amended accounting periods commencing frryn 1 Jary 2016). The th¥ity is a Publi Benefit Entsty as defid by FRS 102. The chwity has taken thantage of Ihe FThIsns in the SORP f(K chanties applying FRS 102 Updatè Bullth"n 1 not to prepare a Statema of Cash Flcfivs. The financial statements are pryed in sttrlry. is lunctional Curr of the cftarity. Going ¢on¢om Al the time of approving the financial ststemerns. the T1ee$ have 8 asOnable expectation that the tharity has adequate resources lo eortinue in OFerab"onal ex551ence for the loreseele future. Thus the Trustees Conb"nE lo a(kn)t the grArvJ CL basis of accounting in preparing the financial slatements. Ch•riL•ble funds Unreslncted ftw)ds are availa1e for use at the discrelion of the Trustees in furtherance of their charitable objectives unless the furKls have teen designated for Olher wrF<J$e$. Restn"cted funds are sut4.ect to Skwfic cOnditi(S by donors as to hthv they may be used. The py.rp9sos and uses of Ihe restnthd e set in the note$ to the finanrial slal¢ment$. No restn'cted funds are Currently held. Iorne IoMe is fecc•Jnised when Ihe charty is legalty entitled lo rt after any performance condrtions have been mg1. the can b8 measwed reliatdy, a1 it 15 w()1e that irwmg will be reI¥¢d, Cash donations are recognised on receip. Olher donations are re¢cgnised once th• Ch has been notified of the donab"on. unless COn.0nS rewire deferral of the amount. Ifwme lax re¢o¥erJle in relatiL to donations received under Grfl Aid or deeds of mn8nl is recognised at the th.me of the donal1. L¢9acies are recognised on rep1 or otrerwise it Ihe chanty has been nobfied of an impendin9 distribution, the amount is knrMTn. and recapx is expected. If the amount is not known. the legacy is treated as a conlingenl ass Trading irKome is reccgnised when the or 1$ pro¥thd. Wh¢ro onty th? net irtomo 1$ recogiused. inwne is recognised when a ft1 acCnt can be m&Je of the income and expenditure of a particukr knJr CY event.
THE ASSOCIATION FOR ROPAAN ARCHAEOLOGY UMITED Notes to the Accounts for the year ended 31 March 2022 1 A¢countlng pollcles Icontlnued Expenditu Liabilities are recowised as eXrture as soon as there Ls a18gal or construclrve obligation commttting the ehanty to thal expendrture. rt is wobable that a transfer of eCOr1C benefits will trE required in settlement the of the Obligatic be measured rdiably. ExperKiiture is accounted for on an ar£ruals basis and has been classified er head1r that aggregate all costs related lo the aleggry. rQ costs CnOt be directly attributed to partiar headirrds they have been allocalqd lo aclivib.es C a basts consislenl wilh the use (rf res(xKces. Tangible fixed amets Taroible fixed a$se$ aR initbaby measured at cost and SLt>swenUy measured 8t cost or valuab'on. net of depreciatson and iMparm k)sses. Fixtures and fitb.ngs Ccfflwters 25% Straght Lir 25% Straght Li The gain or loss lSing on th8 (Jsp)sal of asset 15 determined as Ihe arffwee beeen the sale (Keeds KI Iho ¢arryiThJ value of the asset, aThJ is fwnised m net IrM(eXpen0rtUre) lor the year. Al eaeh reporb"ThJ end dale. the cllarity rev5 the cw nIS ils ta¥blO assets tr) dgterynine whether tse is any indiG*1 that those assets have suffered impaiment loss. If Y Sl indieakn.on exists. tho r•¢overable arnnt of the asset is esbmated in order to determine the extent of the Impainent loss Irf any). No such reNiew was requred at 31 March 2022 due lo the Fixed Assets now beirKJ flY written dthvn. C45h and cash •quiYalents Cash and cash equivalt$ iti cash in haTh1. deihjsils held on call wth banks, other short-tem liquid investments wrth origin81 maiurib.es of t1 morths tess aThJ bank overdrafts. Bank overthafts are shthvn within borromngs in cL¥rert liabl'tieS. Baslc financial assets Baw¢ financial assets. which indude detlors ar¥J cash arTrJ bank balances, are irlb'alty measured al transacts'cn price induding tr8nsactton costs arKI are subsequenuy carried at amortised cost using the effective inlerest method unless the arrarwent constitutes a finan¢tro transaction. Whe the transacts'¢)n is measured at the present value of Ihe frjture recEipts disCnIed al a mafkel rale of interest. Financtsal assets classjfied as receivat4e within one year are not nOrted.
THE ASSOCIATION FOR ROMAN ARCHAEOLOGY LIMITED Notes to the Accounts for the year ended 31 March 2022 1 Accountlng pollcies (continuedl Basic fina1•1 liabiliti•s Basic finoncial liat>ilities. including crert5 and bank I0S we initially rQgnised at transa¢tKJn pri¢e unless the arrangement ¢xfflststutes a fincIng transathon. where the debt instrument is measured at the pyesent value of the futLxe payments disecnted at a mathet rate of interest. Financial liat4'1ities classified as pae within one year ncl amth"sed. Derecognith)n of fin•Kithl liabililies Financi liabilities are derecogr¥sed wln the chantys contract1 019a.(S expire or are discharged Ix canceued. 2 Oonallons and legacieg 2022 2021 Donation5 and gifts Legxies Subscriptions 1.518 21.353 22,871 19,862 20,662 3 Othertrnding actlvftles 2022 .2021 Fundraising events 2,234 4 Investments 2022 2021 Intefest receivJle
THE ASSOCIATK)N FOR ROMAN ARCHAEOLOGY UMITED Notes to the Accounts for the year ended 31 March 2022 S Tral¥lngTund8 2022 2021 Funthai Slajng fvndraisingAvents 1.317 6 Charflable actMlle• 2022 2021 Depreciatson 8rvJ impaient Productton of ARA NbThvs and lIatin 4.010 3,473 1,828 AGM pack printirKJ Nernbershlp Gqfds Zoom Wets5 1.469 2,3 713 Postage Printing and statiery Travel for managomert mwling$ Rent IB Walters) Subs(p110ns Telephone Computer arKY website costs Sundry Accountancy 3.317 571 4.413 1,250 1,250 200 316 647 702 230 113 978 974 17.022 6.050 23,072 15.541 12,224 27,765 Grant funding of a¢tiNities {see rK)te n
THE ASSOCIATION FOR ROMAN ARCHAEOLOGY UMITED Notes to the Accounts for the year ended 31 March 2022 7 Grants payable 2022 2021 Grants to institulims.. Colthestw Arthedogi&4 Tt Eali¥LMJry andSoth'WlltShlreNuseumTeltsitPr Hallaton Museum lurwJerfiyd Historica Assocthon Meon Valloy Ar¢haeoltsJy and Huitage Gnx Uni¥erW of Reading {Slche61er4 Dorsel Museum I01$h Mo$ai¢} Ceredigion Museum (Roman Glass Prqecl} 875 10,txJo 999 6,050 12,224 8 Prollvllossl from Fundralslng Events 2022 2021 Richborough a1 Reculver To Elnthester andT4ercébrtdgeEtutyYo 631 917 10
THE ASSOCIATION FOR ROMAN ARCHAEOLOGY LIIAITED
Notes to the Accounts
for the year ended 31 March 2022
Trustees
Nono of the Truste¥$ (c* any pers
THE ASSOCIATION FOR ROMAN ARCHAEOLOGY UMITED Notes to the Accounts lor the year endod 31 March 2022 12 Tanglble fixed assets Fixtures and flttings Comput•rs Total At 1 April 2021 759 5,454 At 31 March 2022 4.69S 759 5,454 Doweciation and imp8imient At 1 April 2021 759 5,454 Dweuation charged in tl* At 31 Marth XJ22 4.695 759 5.d5d. Carrylng amount At31 Marth 2022 13 Dobtors 2021 Amounts faming ¢JJe within one year. Prepaymerrts a¢cn¢d inc4)me 6,000 14 CredMor5: amounls falllng due Thlthkn one yur 2022 2021 Accruals and deferred irKome 5.179 16 Related party transactions There wtte no disdosed related party tranSactiS during the year12021- ne). 18 Independenl Examinatlon The accounts have been irthpwhyentty exwnin&J in xcordance wrth the requirements of the Chanties Commission an¢J rn quathcations were made. 12