## ## ## ## ||||||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|Total|Funds|Unrestricted|Total|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|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| |27.|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| ##