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|1|Group Strategic Report|
|---|---|
|2|Trustees' Report|
|21|Independent Auditor's Report|
|24|Consolidated Statement of Financial Activities|
|25|Consolidated Statement of Financial Position|
|26|Charity Statement of Financial Position|
|27|Consolidated Statement of Cash Flows|
|29|Notes Forming Part of the Consolidated Financial Statements|








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|<br>ittee are summarised below:||||
|---|---|---|---|
|Sub-Committee|Number of|Number|Overall|
||Meetings|of|Attendance|
|||Charity||
|||Members||
|Remuneration Committee|1|3|100%|
|Audit & Risk|7|**3-4**|**95%**|
|Developer Services|3|**2-3**|**92%**|
|Research & Enqaqement|4|**3-4**|**94%**|




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||**Museum of London**|**Museum of London**|**Archaeology**|||
|---|---|---|---|---|---|
||**Consolidated statement of**||**financial activities**|||
||**(including income and expenditure statement)**|||||
||**for the year ended31**||**March 2024**|||
|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|||**funds**|**funds**|**funds**|**funds**|
||**Note**|**2024**|**2024**|**2024**|**2023**|
|||£|£|£|£|
|**Income**||||||
|Donations|||||31|
|_Income from charitable activities:_||||||
|Archaeological services|2|21,353,688|966,669|22,320,357|21,811,925|
|Other income||19,078||19,078|43,750|
|**Total income**||21,372,766|966,669|22,339,435|21,855,706|
|**Expenditure**||||||
|_Costofraising funds:_||||||
|Fundraising and publicity|3|19,578||19,578|20,881|
|_Expenditure on charitable_||||||
|_activities_||||||
|- Archaeological services and<br>investigations|3|21,984,033|891,128|22,875,161|23,843,184|
|Other|8|900,810||900,810||
|**Total expenditure**||22,904,421|891,128|23,795,549|23,864,065|
|**Net incomel(expenditure)**||(1,531,665)|75,541|(1,456,114)|(2,008,359)|
|Transfers between funds||285,505|(285,505)|||
|Net movementinfunds||{1,246,150)|(209,964)|(1,456,114)|{2,008,359)|
|Balances brought forward||1,281,980|513,605|1,795,585|3,803,944|
|Balances carried forward||35,830|303,641|339,471|1,795,585|









## 

|**_Company number: 07751831_**|**Note**|**Unrestricted**|**Restricted**|**2024**|**2023**|
|---|---|---|---|---|---|
|||**funds**|**funds**|**Total funds**|**Total funds**|
|**_Charity number: 11435574_**||||||
|||£|£|£|£|
|**Fixed assets**||||||
|Intangible Assets|9|76,757||76,757|76,757|
|Tangible assets|10|306,625||308,625|352,821|
|||385,382||385,382|429,578|
|**Current assets**||||||
|Debtors|12|4,856,871||4,856,871|6,043,717|
|Cashinhand||2,273,188|378,387|2,651,575|1,681,595|
|||7,130,059|378,387|7,508,446|7,725,312|
|**Creditors: amounts falling due**<br>**within one year**|13|(6,979,611)|(74,746)|(7,054,357)|(5,609,305)|
|**Net current assets**||150,448|303,641|454,089|2,116,007|
|**Total assets less current**<br>**liabilities**||535,830|303,641|839,471|2,545,585|
|**Creditors: amounts falling due**<br>**after more than one year**|14|(500,000)||(500,000)|(750,000)|
|**Net assets**||35,830|303,641|339,471|1,795,585|
|**Funds**||||||
|Restricted funds|16|||303,641|513,605|
|Unrestricted funds|16|||35,830|1,281,980|
|||||339,471|1,795,585|











## 



|**_Company number: 07751831_**|**Note**|**Unrestricted**|**Restricted**|**2024**|**2023**|
|---|---|---|---|---|---|
|||**funds**|**funds**|**Total funds**|**Total funds**|
|**_Charity number: 11435574_**||||||
|||£|£|£|£|
|**Fixed assets**||||||
|Intangible Assets|9|76,575||76,757|76,757|
|Tangible assets|10|154,066||154,066|144,260|
|||230,823||230,823|221,017|
|**Current assets**||||||
|Debtors|12|5,705,599||5,705,599|6,437,240|
|Cashinhand||341,951|378,387|720,338|626,336|
|||6,047,550|378,387|6,425,937|7,063,576|
|**Creditors: amounts falling due**<br>**within one year**|13|(5,336,974)|(74,746)|(5,411 ,720)|(4,524,951)|
|**Net current assets**||710,576|303,641|1,014,217|2,538,625|
|**Total assets less current**<br>**liabilities**||941,399|303,641|1,245,040|2,759,642|
|**Creditors: amounts falling due**<br>**after more than one year**|14|(500,000)||(500,000)|(750,000)|
|**Net assets**||441,399|303,641|745,040|2,009,642|
|**Funds**||||||
|Restricted funds|16|||303,641|513,605|
|Unrestricted funds|16|||441,399|1,496,037|
|||||745,040|2,009,642|










## 






## 

|||2024|2023|
|---|---|---|---|
||Notes|£|£|
|**Cash flows from operating activities**||||
|Cash generated from operations|1|1,322,458|(1,085,915)|
|Interest paid||(83,994)|(63,843)|
|Net cash provided by/(used in) operating activities||1,238,464|(1,149,758)|
|**Cash flows from investing activities**||||
|Purchase of intangible fixed assets|||(128,369)|
|Sale of tangible fixed assets||(93,230)|6,250|
|Purchase of tangible fixed assets|||(268,147)|
|Net cash usedininvesting activities||(93,230)|(390,266)|
|**Cash flows from financing activities**||||
|Loan repaymentsinyear||(250,000)|(250,000)|
|Net cash (used in)/providedbyfinancing activities||(250,000)|(250,000)|
|**Changeincashandcash equivalents**||||
|**inthe reporting period**||895,234|(1,790,024)|
|**Cashandcash equivalents at the**||||
|**beginning of the reporting period**||1,681,595|3,471,619|
|**Cash and cash equivalents at theend**||||
|**of the reporting period**||2,576,829|1,681,595|









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## 

## 

|<br>**ACTIVITIES**|||
|---|---|---|
||2024|2023|
||£|£|
|**Net (expenditure)/income for the reporting period (as per the**|||
|**Statement of Financial Activities)**|(1,456,114)|(2,088,359)|
|**Adjustments for:**|||
|Depreciation charges|137,428|257,237|
|Interest paid|83,994|63,843|
|Amounts recoverableoncontracts|1,720,996|95,611|
|Changes to paymentsinadvance|1,009,025|(640,532)|
|Decreaseindebtors|(534,150)|1,654,769|
|lncrease/(decrease)increditors|361,279|(508,484)|
|**Net cash provided by/(used in) operations**|1,322,458|(1,085,915)|



## 






|**ANALYSIS OF CASH AND CASH EQUIVALENTS**|||
|---|---|---|
||2024|2023|
||£|£|
|Cashinhand|500|1,500|
|Cash at bank|2,651,075|1,680,095|
|Overdrafts falling due within one year|(74,746)||
|**Net cash provided by/(used**in)**operations**|2,576,829|1,681,595|



## 

|**ANALYSISOFCHANGESINNET FUNDS/**|**(DEBT)**|||
|---|---|---|---|
||At 1/4/23|Cash flow|At 31/3/24|
||£|£|£|
|**Net cash**||||
|Cash at bank andinhand|1,681,595|969,980|2,651,575|
|Bank overdrafts||(74,746)|(74,746)|
||1,681,595|895,234|2,576,829|
|**Debt**||||
|Debts falling due within 1 year|(250,000)||(250,000)|
|Debts falling due after 1 year|(750,000)|250,000|(500,000)|
||(1,000,000)|250,000|(750,000)|
|Total|681,595|1,145,234|1,826,829|










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|**2**|**Income from charitable activities**||**2024**|2023|
|---|---|---|---|---|
||||£|£|
|||Activity|||
||Grantsandcontracted services|Archaeology services - UK|**22,320,357**|**21,811,925**|
|**3**|**Total expenditure**||||
||||**2024**|2023|
||||£|£|
||**Raising Funds**||||
||Marketing and Advertising||**19,578**|20,881|
||**Charitable activities:**||||
||**Direct costs**-**Archaeological**||||
||**services and investigations:**||||
||Project costs||**5,300,310**|6,083,668|
||Payroll and staff costs||**15,200,039**|14,861,080|
||Exceptional items - redundancy||||
||and PILON||**900,810**||
||Office and other costs||**2,117,766**|2,478,555|
||Interest payable||**83,994**|63,843|
||Depreciation and amortisation||**137,428**|257,237|
||||**23,740,347**|23,744,383|
||**Support costs**-**Archaeological**||||
||**servicesandinvestigations:**||||
||Auditors' remuneration||**35,194**|92,274|
||Costs of preparing for Directors'||||
||meetings and support for Directors||**430**|6,527|
||||**35,624**|98,801|
||**Total expenditureoncharitable**||||
||**activities: Archaeological**<br>**services and investigations:**||**23,795,549**|23,843,184|
||**Net income/(expenditure)**||||
||Net income/(expenditure)isstated after charging/(crediting):||||
||Auditors' remuneration||**35,194**|92,271|
||Depreciation - owned assets||**137,428**|248,708|
||Amortisation of goodwill|||8,529|











## 


|**Staff costs**|||
|---|---|---|
|The payroll costsincluded:|**2024**|2023|
||£|£|
|Salaries|**13,225,854**|12,905,752|
|Social security costs|**1,282,335**|1,236,260|
|RedundancyandPILON costs|**900,810**||
|Other pension costs|**691,850**|719,068|
||**16,100,849**|14,861,080|




||**2024**|2023|**2024**|2023|
|---|---|---|---|---|
||**Group**|Group Number|**Charity**|Charity|
||**Number**||**Number**|Number|
|Management|**15**|15|**15**|15|
|Administrative|**40**|40|**40**|40|
|Archaeological - in the field|**370**|369|**370**|369|
||**425**|424|**425**|424|
|Other (volunteers)|||**87**|Over400|
|Inthe year the Charity employed the following numbers||of higherpaid employees:|||
||||**2024**|2023|
|£60,000 - £69,000|||**5**|2|
|£70,000 - £79,999||||3|
|£80,000 - £89,999|||**1**|1|
|£90,000 - £99,999|||**2**||
|£100,000 - £109,999|||||
|£110,000 - £119,999||||2|
|The pension costinaggregate for|the higher paid employees||**£52,025**|**£63,844**|














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## 







||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||£|£|£|
|**INCOME AND ENDOWMENTS FROM**||||
|Donationsandlegacies|31||31|
|**Charitable activities**||||
|Archaeological services|20,702,714|1,109,211|21,811,925|
|Other income|43,750||43,750|
|**Total**|20,746,495|1,109,211|21,855,706|
|**EXPENDITUREON**||||
|Raising funds|20,881||20,881|
|**Charitable activities**||||
|Archaeological services and investigations|23,122,041|721,143|23,843,184|
|**Total**|23,142,922|721,143|23,864,065|
|**NET INCOME/(EXPENDITURE)**|(2,396,427)|388,068|(2,008,359)|
|**Transfers between funds**|(380,170)|380,170||
|**Net movementinfunds**|(2,776,597)|768,238|(2,008,359)|
|**RECONCILIATIONOFFUNDS**||||
|Total funds brought forward|4,058,577|(254,633)|3,803,944|
|**TOTAL FUNDS CARRIED FORWARD**|1,281,980|513,605|1,795,585|







## 




## 

|**gible fixed assets - groupandcharity**||
|---|---|
||Goodwill|
||£|
|**COST**||
|At 1 April 2023 and31March 2024|85,286|
|**AMORTISATION**||
|At 1 April 2023 and31March 2024|8,529|
|**NET BOOK VALUE**||
|At31March 2024|76,757|
|At31March 2023|76,757|























## 

|**10**|Tangible**fixed assets**|||||||
|---|---|---|---|---|---|---|---|
|||**Leasehold**|**Motor**|**Plant and**|**Fixture and**|**Computer**||
||**Group**|**improvements**|**vehicles**|**equipment**|**fittings**|**equipment**|**Total**|
|||£|£|£|£|£|£|
||_Cost or valuation_|||||||
||At 1 April 2023|77,733|90,522|265,411|99,084|1,025,841|1,558,591|
||Additions|||30,993||62,237|93,230|
||Disposals|||||||
||At31March 2024|**77,733**|**90,522**|**296,404**|**99,084**|**1,088,079**|**1,651 ,822**|
||_Accumulated depreciation_|||||||
||At 1 April 2023|51,033|90,522|210,164|85,304|768,747|1,205,770|
||Charge for the year|5,073||25,845|6,000|100,508|137,426|
||Disposals|||||||
||At31March 2024|**56,106**|**90,522**|**236,009**|**91,305**|**869,255**|**1,343,197**|
||_Net book value_|||||||
||At31March 2024|**21 ,627**||**60,395**|**7,779**|**218,824**|**308,625**|
||At31March 2023|26,700||55,247|13,780|257,094|352,821|






















## 

## 

||**Leasehold**|**Motor**|**Plant and**|**Fixture and**|**Computer**||
|---|---|---|---|---|---|---|
|**Charity**|**Improvements**|**vehicles**|**equipment**|**fittings**|**equipment**|**Total**|
||£|£|£|£|£|£|
|_Cost or valuation_|||||||
|At 1 April 2023|27,000|90,522|125,307|65,355|656,789|964,973|
|Additions|||17,353||48,055|65,4078|
|Disposals|||||||
|At31March2024|**27,000**|**90,522**|**142,660**|**65,355**|**704,844**|**1,030,381**|
|_Accumulated depreciation_|||||||
|At 1 April 2023|27,000|90,522|107,304|65,355|530,532|820,713|
|Charge for the year|||8,755||46,847|55,602|
|Disposals|||||||
|At31March 2024|**27,000**|**90,522**|**116,059**|**65,355**|**577,379**|**876,315**|
|_Net book value_|||||||
|At31March 2024|||**26,601**||**127,465**|**154,066**|
|At31March 2023|||18,003||126,257|144,260|


























## 

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## 

## 

|ummary of audited financial statements for MOLA Northampton Lim<br>024:|ited for the year ended|31March|
|---|---|---|
|**Statement of financial activities**|**2024**|**2023**|
||£|£|
|**Income**|||
|_Income from charitable activities:_|||
|Archaeological services|**2,133,510**|1,923,919|
|**Total income**|**2,133,510**|1,859,827|
|**Expenditure**|||
|_Expenditure on charitable activities:_|||
|Archaeological services and investigations|**2,325,022**|2,657,331|
|**Total Expenditure**|**2,325,022**|2,657,331|
|Net income/(deficit) and net movementinfunds for the year|**(191 ,512)**|(733,412)|
|**Balance sheet**|||
|Fixed and other assets|**154,559**|208,561|
|Current assets|**2,516,314**|2,510,574|
|Creditors - amount falling due within one year|**(3,076,443)**|(2,933,193)|
|Creditors - amount fallingdue after more than one year|||
|**Net assets**|**(405,570)**|(214,058)|


















## 



## 

|**12**|**Debtors**|||||
|---|---|---|---|---|---|
|||**Group**|Group|**Charity**|Charity|
|||**2024**|2023|**2024**|2023|
|||£|£|£|£|
||Amounts recoverable on contracts|||||
||and grants receivable|**2,130,354**|3,851,350|**1,899,644**|2,862,420|
||Trade debtors|**2,187,733**|1,483,140|**1,919,521**|1,174,306|
||Provision for doubtful debts|**(19,150)**|(55,901)|**(19,150)**|(55,901)|
||Other debtors|**216,020**|392,587|**214,845**|392,587|
||lntercompany|||**1,433,805**|1,848,839|
||Prepayments|**341,914**|372,541|**256,934**|214,989|
|||**4,856,871**|6,043,717|**5,705,599**|6,437,240|
|**13**|**Creditors: amounts falling due within**|**one year**||||
|||**Group**|Group|**Charity**|Charity|
|||**2024**|2023|**2024**|2023|
|||£|£|£|£|
||Trade creditors|**818,707**|724,495|**437,972**|363,532|
||Taxation and social security|**240,014**|334,819|**240,014**|334,819|
||Payments in advance|**3,101,522**|2,092,497|**2,535,724**|1,852,369|
||Other creditors|**83,300**|248,653|**83,300**|234,232|
||VAT|**1,041,812**|526,366|**706,532**|276,857|
||Future archive provision|**924,875**|968,408|**744,132**|776,331|
||Accruals and deferred income|**519,381**|464,069|**339,300**|436,811|
||Bank loan and overdrafts|**324,746**|250,000|**324,746**|250,000|
|||**7,054,357**|5,609,305|**5,411,720**|4,524,951|









## 










## 

||**Group**|Group|**Charity**|Charity|
|---|---|---|---|---|
||**2024**|2023|**2024**|2023|
||£|£|£|£|
|Bank loan|**500,000**|750,000|**500,000**|750,000|
|Maturity of debt:|||||
|**Loans and overdrafts**|||||
||**Group**|Group|**Charity**|Charity|
||**2024**|2023|**2024**|2023|
||£|£|£|£|
|Within one yearondemand:|||||
|Bank overdrafts|**74,746**||**74,746**||
|Bank loans|**250,000**|250,000|**250,000**|250,000|
|Inmore than one year but not more|||||
|than two years:|||||
|Bank loans|**250,000**|250,000|**250,000**|250,000|
|Inmore than two years but not more|||||
|than five years:|||||
|Bank loans|**250,000**|500,000|**250,000**|500,000|



## 

||**2024**|**2023**|
|---|---|---|
||£|£|
|Within one year|530,126|554,476|
|Between one and five years|758,186|1,270,116|
|Total|1,288,312|**1,824,592**|











## 

## 







|**Funds**||||||
|---|---|---|---|---|---|
||**At 1/4/23**|**Income**|**Expenditure**|**Transfers**|**At 31/3/24**|
||£|£|£|£|£|
|_Restricted funds_||||||
|TOP|51,277|(29,634)|106,228|18,479|**(66,106)**|
|Bottles Concealed and Revealed|(4,612)|15,951|2,672|22,887|**31,554**|
|UKRI Future Leader Fellow|38,810|70,542|50,907|(58,445)||
|AHRC Impact Acceleration Account|150,934|(16,599)|10,676|(51,198)|**72,461**|
|CHANSE TETRARCHS|27,510|179,400|168,045|(32,475)|**6,390**|
|Archaeology Audience Network|55,978|(2,828)|29,504|(23,646)||
|HEIF Social SciencesKEDzhangal||6,300|4,554||**1,746**|
|COLAT motaria stamps||9,752|6,430|(3,000)|**322**|
|COLAT BakinginRoman London||7,728|2,983|(4,245)|**500**|
|BEAM Park Archaeology Engagement||5,000|1,435|(3,565)||
|Revisiting pottery-makinginthe Upper||||||
|Nene valley||3,041|392||**2,649**|
|NLHF/CITIZAN - CoastsinMind||||||
|(Development Stage)||228,237|230,805||**2,568)**|
|UKRI FLF Follow-on Watson||74,930|44,921|(32,285)|**(2,276)**|
|CHANSE KEF||50,973|29,532|(14,564)|**6,877**|
|IAA Awards Creative: Griffiths||17,430|17,290|(140)||
|COLAT Tudor money boxes|||(7)||(7)|
|IAA Awards Networking: Faccia||14,999|10,636||**4,363**|
|LAMAS Roman Gardens of Londinium||4,348|2,557|(1,791)||
|Shipwrecks of Devon||30,204|14,202|(12,000)|**4,002**|
|Nether Heyford osteology BABAO||||||
|research project|||(1,175)||**(1,175)**|
|IAA Awards Networking: Demicoli||19,881|10,890||**8,991**|
|IAA Awards Networking: Northall||14,894|145||**14,749**|
|UKRI Open Access block grant||3,787|||**3,787**|
|IAA Award Creative: Harris||13,000|8,995||**4,005**|
|TANG||1,203|650||**553**|
|IAA Awards Partnership: Gargett||19,996|12,133||**7,863**|
|IAA Award Training||5,000|388||**4,612**|
|IAA Award Partnership: Jeffries||18,780|10,310||**8,470**|
|IAA Awards Partnership: Barrie-Smith||19,725|43||**19,682**|
|IAA Awards Networking: Gibbs||15,000|1,555||**13,445**|
|PUNS 2||29,059|3,847||**25,212**|
|Bartmann AHRC/DFG||29,316|10915||**18,401**|
|Thames Discovery Y AC||5,590|622||**4,968**|
|IAA Awards Creative: Boutylkova||7,894|3,546||**4,348**|
|Higham Ferrers Castle (Geophysics)|||27||**(27)**|
|ARC Accelerate|||2,547||**(2,547)**|
|IAA Awards Creative: Machicado|||40||**(40)**|
|TOP Website RF006||3,000|292||**2,708**|
|CoLAT RAT RACE||4,660|2,426|(2,000)|**234**|
|Other|193,708|86,110|86,806|(87,517)|**105,495**|
|Restricted funds - total|513,605|966,669|891,128|(285,505)|**303,641**|
|Unrestricted funds - designated|1,000,000|||(1,000,000)||
|Unrestricted funds - general|281,980|21,372,766|22,904,421|1,285,505|**35,830**|
||1,795,585|22,339,435|23,975,549||**339,471**|





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|**Comparative net movementsinfund:**||||||
|---|---|---|---|---|---|
||**At 1/4/22**|**Income**|**Expenditure**|**Transfers**|**At 31/3/23**|
||£|£|£|£|£|
|_Restricted funds_||||||
|CITiZAN|(336,128)|152,434|196,476|380,170||
|TOP|(18,479)|209,915|140,159||**51,277**|
|Bottles Concealed and Revealed|12,944|12,944|30,500||**(4,612)**|
|UKRIFuture Leader Fellow|8,712|149,230|119,132||**38,180**|
|AHRC Impact Acceleration Account||157,329|6,395||**150,394**|
|CHANSE TETRARCHS||89,425|61,915||**27,510**|
|Changing Minds Changing Coats||26,500|26,500|||
|Archaeology Audience Network||89,425|61,915||**55,978**|
|Other|78,318|221,899|109,509||**193,708**|
|Restricted funds - total|(254,633)|1,109,211|721,143|380,170|**513,605**|
|Unrestricted funds - designated|1,000,000||||**1,000,000**|
|Unrestricted funds - general|3,058,577|20,746,495|23,142,922|(380,170)|**281,980**|
||3,803,944|21,855,706|23,864,065||**1,795,585**|





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