## **Chepstow Archaeological Society - Charity number 1096541 Accounts for Year ending 31[st] December 2024**
||**£**
|**£**|
|---|---|---|
|**Income**
|**2024**|**2023**|
|Membership fees**(1)**|875|771|
|Visitors fees|36|27|
|Raffle net income|152|181|
|Grant (Restricted Fund)**(9)**|66
|800|
|Gift Aid**(7)**|121|67|
|Talks|1246|0|
|Designated self-funded activities**(2)**|35570|10431|
|Deposit Account interest**(5)**|17|12|
|**Totals**
|**38,083**|**12,289**|
|**Expenditure**|||
|Stationery/postage|0|0|
|Website/zoom net|?|0|
|Sundries|0|31|
|Room hire
|280|280|
|Speakers|210|189|
|Insurance**(4)**|185|185|
|Designated self-funded activities**(2)**|35514|10,527|
|Excavation costs**–r**estricted by grant|866|84|
|- general|304|0|
|Donations**(8)**|40|200|
|**Totals**|**(37,399)**
|**(11,496)**|
|**Surplus for the year (6)**
|**= 684**|**793**|
|**Comprising net:**|||
|Designated self-funded activities**(2)**|56|(96)|
|Operating surplus**(6)**|512|89|
|Restricted Fund**(9)**|66|800|
## **Balances at 31[st] December 2024**
|**Total Designated Restricted**|**General**||
|---|---|---|
|**Fund Fund Fund**|Bank Debtors|Creditors|
|Bank Bank|||
|Opening Reserves 7823 367 800|6426 230|0|
|Surplus for year. 684 56 (800)|1428 0|0|
|Closing Reserves 8507 423 0|7854 230|0|
Bold numbers in brackets refer to notes overleaf
CAS Summary to year ending December 2024
Opening funds
Current Bank A/C
Jan
Feb
March
6487.61 6742.78
April
9201.7
May
10.464.48 31311.48
June
July
6957.98
August Sept
7090.98
7125.98
Oct
Nov
ToLIl
6146.11
$478.S2
6678.14
6841.77
Income
Membershlp subs
VIsitor5 fees
Donations
322
120
140
20
16.
72.(M)
65.00
10.00
40.00
io
15.00
875
36
116.37
67.37
49.00
Raffle income
Gbft Ald
Talks
Activitiesltrips
8ank Interestltransfer5
Sundrles
34
35
121.17
25.7
42.52
37
214.22
121.17
1246.08
35.522.50
1172.45
73.63
23C¥)
1200
26647.00
4349.
1026.50
TOTALS
356
28517
2468.7
1271.52
26647.00
4413.)
1098.50
65.00
10.00
1279.82
222.63
62
38,179.34
Expenses
Website
Postage and statlonery
Depre£latlon
Meetlng costs Iroom hlre
Speakers
Raffle expenses
Insurance
Donatlons
ActlvSties and trlps
Sundrles
Refund5
Archaeology fleld expenses
280.C¥)
280
210
62.02
80.1
80
io
14.5
io
9.78
98.74
185.50
185.5
s8.
28766.50
987.66
35554+0.16
50.00
20
30.00
780.IXI
390.L
1170
Total expense
Total Income
14.5
30
9.78
8.74
5800.00
28766.50
965.50
30.00
1657.66
80.00
59.00
90
37,511.68
38,179.34
667.66
356
28517
2468.7
1271.52
26647.00
4413.
1098.50
6S.00
10.00
1279.82
222.63
62
PIL
341.5
2SS.17
24S8.92
1262.78
20847.00 24353.so
133.00
3S.00
1647.66
1199.82
163.63
28.00
6146.11
Closlng Funds
6487.61 6742.78
9201.7
IOA64.48 31311.48 6957.98
7090.98
7125.98
5478.52
6678.14
6841.77 6813.77
6813.77
Balance Sheet
Lloyd5 Current A/C
Lloyds Deposit Alc
6487.61 6742.78
1453.38
1454.98
9201.7
1456.59
10,464.48 31311.48
1458.09
1459.65
6957.98
1461.31
7090.98
1462.82
712S.98
1464.27
$478.S2
1465.51
6678.14
1466.71
6841.77
1468.04
6813.77
1,469.17
17.29 interest
Total Assets
7940.99 8197.76 10,658.29 11,922.89 32771.13 8419.29
8553.80
8590.25
5943.83
8144.85
8209.81
8282.%
## **Trustees Report**
## **1 Membership and visitors fees**
- Current membership stands at 93, which is slightly up on last year. This figure includes 21 new members and 2 former members rejoining. Of the 93, 4 are Honorary Members and hence the rest should provide an income of £890. However despite to Lynn’s efforts we have only received £875. This is because only 80 are paid up with the normal £10 subscription, and from the other 9 we have received £75 in assorted sums relating to old subscription rates. To this we can add £36 from casual visitors bringing in a total income from members of £911 to date.
- **2**
## **Designated self-funded activities.**
This is money collected from members for a specific reason and cannot be used for general expenses. This year included a trip to Highclere Castle, and a long trip to Ulster and the Irish Republic. The £56 difference in income and expenditure here is due to the fact that one payment from last year was received this year.
## **3**
## **Restricted designated funds**
These are funds donated by outside sources and if not spent then must be returned to the source. This year it was for Carbon 14 testing and all was spent.
## **4. Insurance**
Paid annually to the Council for British Archaeology via the British Association for Local History, to allow Simon Maddison to get on with the Grove House Dig and drain part of the Wye. The insurance premium to cover helpers injuries is still £185, and now includes drowning….
## **5 Bank**
Deposit account interest has jumped to £17 due to higher interest rates. At the end of the year 2024 there was £6813 in the general account and £1469 in the deposit account making a grand total in the bank of £8,282. The difference between this figure and the £8,507 quoted under “Closing Reserves” yv and is due to the fact that Giftaid owes us around about £230 – listed as a debt on the balance sheet.
## **6**
## **Operating surplus**
Overall we made a profit this year of £634, most of which was due to the efforts of our diggers in spreading the word with talks.
## **7 Gift Aid**
Finally paid after nearly 4 years of letters, we received £353 and a further £121 has now appeared for 2022. At present 2023 and 2024 are still awaiting submission. The outstanding claim will be about £230, and is included as a debtor in the account..
## **8**
## **Donations**
Only £40 was donated this year and it went to the Newport Ship. With a large bank balance now the Committee is discussing how to manage this. However we are
mindful of the fact that funding excavations can be very expensive and without outside grants we may need most of our funds for our own needs.
## **9 Active archaeology and the MA Grant**
Overall we received £1246 as a result of Simon Maddison and Lynne Davies and others efforts in giving talks on the Roman Bridge discoveries in the Chepstow Drill Hall. This went into general funds.
The £800 grant topped up by £66 donations from Simon’s other talks to Monmouthshire Antiquarians was all restricted totally to covering expenses incurred in radio-carbon dating, has already been used and hence and any unused money having to be repaid by September 2028 now ceases to apply.
However we have spent £1170 this year on this carbon study, with £304 coming from our general funds, and it is likely plenty more will be needed.
Keith Tayton, Treasurer
Date 3[rd] April 2025