2021-12-31-accounts - The Vindolanda Trust

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					Pages
Trustees' annual report (incorporating		the	director's	report)	1to 9
Independent	auditor's report to the members				10to 13
Statement expenditure	offinancial activities (including account)		income	and	14
Statement	of financial position				15
Statement	ofcash flows				16
Notes to the financial statements					17to 31

Reference	and admi	nistrative d	nistrative d	etails
Registered	charity	name		The Vindolanda Trust
Charity registration		number		1159798
Company	registration		number	09182268
Principal office and		registered		Chesterholm Museum
office				Bardon Mill
				Hexham
				NE47 7JN
				Northumberland
Trustees				Mr G Calland
				Mr TF Carroll
				Prof l Haynes
				Mrs EFG Standfield
				Mr LJ Thompson
				Dr P RWilson
				Mrs VSJohnston
				Mrs H Woodford
				Mr H CAndersen
Chief executive officer				Mr A Birley
Deputy Chief executive officer				Mr C Galloway
Accountants				McCowie 8 Co
				Accountants
				2 Gosforth Park Avenue
				Newcastle Upon Tyne
				NE12 8EG
Auditor				UNW LLP
				Chartered accountants
				Citygate
				StJames Boulevard
				Newcastle upon Tyne
				NE1 4JE
Bankers				Lloyds Bank pic
				102Grey Street
				Newcastle upon Tyne
				NE99 1SL
Solicitors				Ward Hadaway
				Sandgate House
				102The Quayside
				Newcastle Upon Tyne
				NE1 3DX

	Year	Ended	31 Decembe	r 2021
				2021		2020
			Unrestricted	Restricted
		Note	funds f	funds f	Total funds f	Total funds f
Income from:
Donations and legacies Charitable activities			559,492 548,397	82,562	642,054 548,397	762,722 331,085
Other trading activities Investment income Other income			433,988 22,644 3,707		433,988 22,644 3,707	242,883 17,017 8,110
Total income			1,568,228	82,562	1,650,790	1,361,817
Expenditure on:
Expenditure on raising funds: Costs of other trading activities Expenditure on charitable activities		10 11	279,653 1,249,830	2,180 55,162	281,833 1,304,992	135,156 1,240,690
Total expenditure			'l,529,483	57,342	1,586,825	1,375,846
Net income/(expenditure) movement in funds	and net		38,745	25,220	63,965	(14,929)
Reconciliation offunds
Total funds brought forward			6,576,225	1,372,427	7,948,652	7,962,681
Total funds carried forward			6,614,970	1,397,647	8,012,617	7,948,652

			Statement ofFinancial Pos 31 December 2021	ition
				Note	2021 F	2020 f
Fixed assets
Tangible fixed assets				16	6,992,099	7,212,774
Current assets
Stocks				18	45 010	88 846
Debtors				19	82,914	36,498
Cash at bank and	in	hand			1,458,034	1,296,971
					1,585,958	1,422,315
Creditors: amounts		falling	due within one year	20	169,519	230,191
Net current assets					1,416,439	1,192,124
Total assets less	current		liabilities		8,408,538	8,404,898
Creditors: amounts		falling	due after more than one year	21	395,921	456,246
Net assets					8,012,617	7,948,652
Charity funds Restricted funds					1,397,647	1,372,427
Unrestricted funds					6,614,970	6,576,225
Total charity funds				24	8,012,617	7,948,652

				2021	2020
			Note	f	f
Cash generated from operations			26	269,783	342,579
Interest paid				(15,644)	(14,523)
Interest received				1,491	362
Net cash from operating activities				255,630	328,418
Cash flows from investing activities Rent from investments				21,153	16,655
Purchase oftangible assets Proceeds from sale oftangible assets				(57,928) 4,168	(236,975) 8,110
Net cash used in investing activities				(32,607)	(212,210)
Cash flows from financing activities Proceeds from borrowings					300,000
Repayments of borrowings				(58,013)	(32,886)
Payments offinance lease liabilities				(3,947)	(3,901)
Net cash (used in)/from financing	activities			(61,960)	263,213
Net increase in cash and cash	equivalents			161,063	379,421
Cash and cash equivalents at	beginning	ofyear		1,296,971	917,550
Cash and cash equivalents at	end ofyear			1,458,034	1,296,971

Donations an	d lega	cies
			Unrestricted	Restricted	Total Funds	Total Funds
			Funds	Funds	2021	2020
			E	E	E	E
Donations
Donations			111,022		111,022	229,064
Grants
Other grants	received		265,884	82,562	348,446	333,679
Government	grants	received	84,623		84,623	138,029
Subscriptions Subscriptions	-Friends ofVindolanda		20,212		20,212	22,287
Other donations and legacies Revenue refunds - gift aid			77,453		77,453	34,601
Hedley Centre income			298		298	5,062
			559,492	82,562	642,054	762,722

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		f	f	f
Admission	fees	546,964	546,964	330,023	330,023
Activity room income		1,433	1,433	1,062	1,062
		548,397	548,397	331,085	331,085

ncome from other trading activiti	es
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds f	2021 f	Funds f	2020 f
Sales of guides, replicas etc Coffee shop income	208,959 225,029	208,959 225,029	131,568 111,315	131,568 111,315
	433,988	433,988	242,883	242,883

			Unrestricted	Funds	Unrestricted	Funds
			Funds f	2021 f	Funds f	2020 f
Rental	income		21,153	21,153	16,655	16,655
Bank	interest	receivable	1,491	1,491	362	362
			22,644	22,644	17,017	17,017

9.	Other income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2020
						E	E
	Profit on disposal oftangible fixed assets			3,707	3,707	8,110	8,110
10.	Expenditure	on raising	funds
			Unrestricted	Restricted	Total Funds	Unrestricted	Total Funds
			Funds	Funds	2021	Funds	2020
						F	E
	Purchase of replicas etc Coffee shop	guides, purchases	150,902 94,519		150,902 94,519	48,636 54,888	48,636 54,888
	Fund raising publicity	and	34,232	2,180	36,412	31,632	31,632
			279,653	2,180	281,833	135,156	135,156


xpenditu	re on charitable	activities	by fund type
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2021
				f	f	E
Operation of the Vindolanda charity's principal objects Support costs		site in line with the		1,071,151 178,679	55,162	1,126,313 178,679
				1,249,830	55,162	1,304,992
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2020
				E	E
Operation ofthe Vindolanda charity's principal objects Support costs		site in line with the		998,333 122,206	120,151	1,118,484 122,206
				1,120,539	120,151	1,240,690

			Analysis of	Analysis of
			support costs activity		Total 2021 f	Total 2020 E
	Staff costs			22,001	22,001	22,089
	General office			1,781	1,781	640
	Finance costs			15,475	15,475	14,292
	Governance costs			27,470	27,470	21,386
	Insurance			26,608	26,608	12,789
	Telephone Printing, postage and stationery Hire ofequipment Bank charges and credit card charges Interest on finance leases			8,705 10,031 5,520 47,138 169	8,705 10,031 5,520 47,138 169	9,478 10,349 8,018 22,934 231
	Booking charges			13,781	13,781
				178,679	178,679	122,206
	Governance costs
					2021 f	2020 E
	Accountancy fees Auditor's remuneration				10,236 7,878	10,237 7,006
	Legal and professional fees General and office expenses				8,188 1,168	3,822 321
					27,470	21,386
13.	Auditors remuneration
					2021	2020
					E	F
	Fees payable for the audit ofthe financial statements				7,878	7,006
14.	Staff costs
	The total staff costs and	employee	benefits for the reporting	period	are analysed as 2021 E	follows. 2020 f
	Wages and salaries Social security costs Employer contributions	to pension	plans		550,026 34,731 12,830	552,237 33,283 11,279
					597,587	596,799

Tangible fixed assets
				Exhibition
	Freehold	Fixtures and	Motor	build &film
	properly	fittings	vehicles	production	Total
			E		E
Cost
At 1 January 2021 Additions	6,747,091	337,656 35,133	38,268 22,795	1,774,794	8,897,809 57,928
Disposals	(461)		(10,613)		(11,074)
At 31 December 2021	6,746,630	372,789	50,450	1,774,794	8,944,663
Depreciation At 1 January 2021 Charge for the year Disposals	671,275 132,018	173,783 30,284	31,431 12,536 (10,613)	808,546 103,304	1,685,035 278,142 (10,613)
At 31 December 2021	803,293	204,067	33,354	911,850	1,952,564
Carrying amount At 31 December 2021	5,943,337	168,722	17,096	862,944	6,992,099
At 31 December 2020	6,075,816	163,873	6,837	986,248	7,212,774

assets held	under finance lease	s or hire purchase agreements:
				Motor
				vehicles
				E
At 31December 2021
At 31 December 2020				6,837
Capital commitments
			2021	2020
			E	E
Contracted	for but not provided	for in the financial statements		11,988

18.	The Board of unique nature Stocks	Trustees consider that establishing a valua ofthe Heritage assets.	tion is not a practical exercise	due to the
			2021	2020
			K
	Finished goods and goods for resale		45,010	88,846
19.	Debtors
			2021	2020
			F	E
	Trade debtors		9,739	341
	Prepayments	and accrued income	67,506	25,496
	Other debtors		5,669	10,661
			82,914	36,498

Creditors: amounts falling due within one year
		2021 f	2020
Bank loans and overdrafts		60,001	58,018
Trade creditors		6,455	19,212
Accruals and deferred income		89,157	142,152
Social security and other taxes		13,578	6,863
Obligations under finance leases and hire purchase note 22)	contracts (see	328	3,946
		169,519	230,191

Creditors:	amounts falling due after more than o	ne year
			2021	2020
			E	E
Bank loans	and overdrafts		395,921	455,917
Obligations note 22)	under finance leases and hire purchase	contracts (see		329
			395,921	456,246

Finance lease	s and hire	purchase contra	cts
The total future	minimum	lease payments	under finance leases and hire purchase	contracts are
as follows:
			2021	2020
			E	E
Not later than 1 year Later than 1 year and not		later than 5 years	328	3,946 329
			328	4,275

							At			At
							1 January		31December
							2021	Income	Expenditure	2021
								E	E	E
General		funds					6,576,225	1,568,228	11,529,463)	6,614,979
							At			At
							1 January		31 December
							2020 f	income f	Expenditure E	2020 E
General		funds					6,623,911	1,208,009	(1,255,695)	6,576,225
Restricted funds
							At			At
							1 January		31	December
							2021 E	Income E	Expenditure	2021 f
Roman Heritage	writing tablets fund Lottery Fund project					1	183,000 1,163,285		(26,092)	183,000 1,137,193
Arts Council Fund				1			21,642	33,192	(30,750)	24,084
Northumberland			County		Council		4,500		(500)	4,000
Arts Council Fund				2				21,870		21,870
Heritage		Lottery	Fund project			2		27,500		27,500
							1,372,427	82,562	(57,342)	1,397,647
							At			At
							1 January		31 December
							2020 E	Income E	Expenditure E	2020 f
Roman writing tablets fund Heritage Lottery Fund project Arts Council Fund 1						1	183,000 1,155,770	107,318 41,490	(99,803) (19,848)	183,000 1,163,285 21,642
Northumberland			County		Council			5,000	(500)	4,500
							1,338,770	153,808	(120,151)	1,372,427

Analysis ofnet ass	et	s between funds
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
			E	E	E
Tangible fixed assets Current assets			5,849,670 1,330,740	1, I42,429 255,218	6,992,099 1,585,958
Creditors less than 1 year Creditors greater than 1 year			(169,519) (395,921)		(169,519) (395,921)
Net assets			6,614,970	1,397,647	8,012,617
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
			F	E	E
Tangible fixed assets Current assets			6,043,877 1,218,785	1,168,897 203,530	7,212,774 1,422,315
Creditors less than	1	year	(230,191)		(230,191)
Creditors greater than		1 year	(456,246)		(456,246)
Net assets			6,576,225	1,372,427	7,948,652

Cash generated from o	perations
		2021	2020
		E	E
Net income/(expenditure)		63,965	(14,029)
Adjustments for. Depreciation oftangible Rent from investments	fixed assets	278,142 (21,153)	288,477 (16,655)
Other interest receivable	and simiiar income	(1,491)	(362)
Interest payable and similar charges Gains on disposal oftangible fixed assets		15,644 (3,707)	14,523 (8,110)
Changes in: Stocks		43,836	(26,394)
Trade and other debtors		(46,416)	(10,903)
Trade and other creditors		(59,037)	116,032
		269,783	342,579

Analysis ofchanges	in net debt
		At		Other non-	At
		1 Jan 2021	Cash flows	cash	31 Dec 2021
				changes
		E.	E	E	E
Cash at bank and in	hand	1,296,971	161,063		1,458,034
Debt due within one year Debt due after one year		(61,964) (456,246)	61,960	(60,325) 60,325	(60,329) (395,921)
		778,761	223,023		1,001,784

Operating lease commit	ments
The total future minimum	lease payments	under non-cancellable	operating	leases are 2021	as follows: 2020
				E	E
Not later than 1 year Later than 1 year and not Later than 5years	later than 5years			51,653 201,665 300,024	51,653 203,314 350,028
				553,342	604,995