Registered numb8r 03218318 Charity number 1056599 THE ASSOCIATION FOR ROMAN ARCHAEOLOGY LIMITED Accounts Statements for the year ended 31 March 2022 Accou*nt¢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 lo￿99 Company number 03218318 Regi*tt¢d offlce 75 Yot* Road s¥￿ndOn WIMshKe SN12JU Accountants Axts AccO￿￿n9 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 Tmar￿1 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 final￿*81 slalements aThJ comprfy Ihe thantys deed of trust. Companies Act 2(X16 and "Accowting and Reporling by Charities: Smem￿l of Reec￿mended Practs"ce 4)plica￿e lo Gharitie$ prtpanng Iheir acctyjnts in tKcorOance the Finangal Rekvting SlaTraard 4)plica￿e 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 FIn￿CIal 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 pgrYoma￿P 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. si￿lf￿1 achievemwbts. noted in those reports irKtyJde'. The publicatson of issues of ARA News ARA txAletin. The cxganisalion of Iwo UK $tudy t￿jr$ ar￿1 a progrwnme of L)￿14ne ta￿S.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 p￿￿￿￿10n5. These are detaled in note 7. FSnan¢l•l review This year there have not been arty SUbStw￿ d￿811￿$ or bequests received. Increased and lower costs have reS￿ted in an operab"rKJ surrAus fcw the year. 11 is the pdicy of Ihe ch*ty trtal UnreStr￿ted 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 wr￿se5 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 ffin￿la1 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 $￿tion 476. requirirvJ an aL**t of Ihgse fina￿la1 statements. The Trustees resFrf￿*LYlItIes ensurww that Ihg charity keops accounting rec{￿d5 which comply with section 386 of Ihg Act ar￿ fty weparing acthunls which give a true fair view of the state of affairs of Company as at tho end of tho financAal year and of rts incoming resoufC*S and application of resources. induding rts irKome arKJ expenditure. for the finar￿al year in accOrda￿e wilh the requirements of sKti¢)n$ 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 Rec￿mended 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 J￿￿ary 2016). The th¥ity is a Publi Benefit Entsty as defi￿d by FRS 102. The chwity has taken thantage of Ihe FThIs￿ns 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 T1￿*ee$ have 8 ￿asOnable expectation that the tharity has adequate resources lo eortinue in OFerab"onal ex551ence for the loresee*le 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 availa1￿e for use at the discrelion of the Trustees in furtherance of their charitable objectives unless the furKls have teen designated for Olher wrFswenUy 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 arffwe￿e be￿een the sale (Keeds *KI Iho ¢arryiThJ value of the asset, aThJ is fwnised m net Ir￿￿M￿(eXpen0rtUre) lor the year. Al eaeh reporb"ThJ end dale. the cllarity rev￿5 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 arn￿nt of the asset is esbmated in order to determine the extent of the Impai￿nent loss Irf any). No such reNiew was requred at 31 March 2022 due lo the Fixed Assets now beirKJ f￿lY written dthvn. C45h and cash •quiYalents Cash and cash equival￿t$ 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 disC￿nIed al a mafkel rale of interest. Financtsal assets classjfied as receivat4e within one year are not ￿nOrt￿ed. THE ASSOCIATION FOR ROMAN ARCHAEOLOGY LIMITED Notes to the Accounts for the year ended 31 March 2022 1 Accountlng pollcies (continuedl Basic fina￿1•1 liabiliti•s Basic finoncial liat>ilities. including cre￿rt￿5 and bank I0￿S we initially r￿Qgnised at transa¢tKJn pri¢e unless the arrangement ¢xfflststutes a fin￿cIng transathon. where the debt instrument is measured at the pyesent value of the futLxe payments disec￿nted at a mathet rate of interest. Financial liat4'1ities classified as pa￿e within one year ￿ ncl amth"sed. Derecognith)n of fin•Kithl liabililies Financi￿ liabilities are derecogr¥sed wl*n the chantys contract￿1 0￿19a￿.(￿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 receiv*Jle 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 impai￿ent Productton of ARA NbThvs and ￿lIatin 4.010 3,473 1,828 AGM pack printirKJ Nernbershlp Gqfds Zoom Wets￿￿5 1.469 2,3 713 Postage Printing and stati￿ery 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 T￿￿t Eali¥LMJry andSoth'WlltShlreNuseumTeltsitPr Hallaton Museum lurwJerfiyd Historica Assocthon Meon Valloy Ar¢haeoltsJy and Huitage Gnx Uni¥erW of Reading {Slche61er4 Dorsel Museum I0￿1$h Mo$ai¢} Ceredigion Museum (Roman Glass Prqecl} 875 10,txJo 999 6,050 12,224 8 Prollvllossl from Fundralslng Events 2022 2021 Richborough a￿1 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 employees duriThJ the yew. 11 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 tranSacti￿S 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