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|en|dix|1 —uncor|rected
|miss|tatements||
|---|---|---|---|---|---|---|
||Dr|Cost ofsales|(SOFA)|||6,713|
|1|Cr|Stock (BS)||||(6,713)|
||fo|ad]u tfor extrapolated||error on stock coonf be in|||
||Dr|Fixed Assets|(BS)|||(20,629)|
|2|Cr|Prepayfnents|(BS)|||20,629|
||To|move the coffee machines|||f;om fixed assets to prepa)riTientS||
||Dr|Depreciation|(BS)|||(2,063)|
|3|Cr|Depreciation|Charge (SOFA)|||2,063|
||To|reverse oot|the deprec~ation||charge on the coffee inacfMnes||
##
##
##
|||||||Pages|
|---|---|---|---|---|---|---|
|Trustees'
annual
report (incorporating|||the|director's|report)|1to 10|
|Independent
auditor's|report to the members|||||11 to 14|
|Statement offinancial|activities|(including||income and|||
|expenditure
account)||||||15|
|Statement offinancial|position|||||16|
|Statement ofcash flows||||||17|
|Notes to the financial|statements|||||18to 33|
##
##
|Reference|and administrative|and administrative|and administrative|details||||
|---|---|---|---|---|---|---|---|
|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||||
|The Trustees||||Mr G Calland||||
|||||Mr T F Carroll||||
|||||Prof
I Haynes||||
|||||Mrs E FG Standfield||||
|||||Mr LJ Thompson||||
|||||Dr P R Wilson||||
|||||Mrs VSJohnston||||
|||||Mrs H Woodford||||
|||||Dr H CAndersen||||
|||||DrJ Huntley||(Appointed|30April 2022)|
|||||Prof G Taylor||(Appointed|30April 2022)|
|||||Mr R Spencer||(Appointed|30April 2022)|
|Chief executive officer||||Mr A Birley||||
|Deputy Chief executive|||officer|Mr C Galloway||||
|Accountants||||McCowie &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|||
|||||NE991SL||||
|Solicitors||||Ward Hadaway||||
|||||Sandgate
House||||
|||||102The Quayside||||
|||||Newcastle
Upon|Tyne|||
|||||NE1 3DX||||
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|||Year|Ended|31 Decemb|er 2022|||
|---|---|---|---|---|---|---|---|
||||||2022||2021|
|||||Unrestricted|Restricted|||
|||||funds|funds|Total funds|Total funds|
||||Note||||f.|
|Income from:||||||||
|Donations
and legacies|||5|285,913|57,848|343,761|642,054|
|Charitable
activities|||6|799,075||799,075|548,397|
|Other trading
activities|||7|589,763||589,763|433,988|
|Investment
income|||8|24,664||24,664|22,644|
|Other income|||9||||3,707|
|Total income||||1,699,415|57,848|1,757,263|1,650,790|
|Expenditure
on:||||||||
|Expenditure
on raising funds:||||||||
|Costs ofother|trading|activities|10|289,973|22,562|312,535|281,833|
|Expenditure
on charitable||activities|11|1,420,132|77,486|1,497,618|1,304,992|
|Total expenditure||||1,710,105|100,048|1,810,153|1,586,825|
|Net (expenditure)/income||and net||||||
|movement
in funds||||(10,690)|(42,200)|(52,890)|63,965|
|Reconciliation
offunds||||||||
|Total funds brought|forward|||6,614,970|1,397,647|8,012,617|7,948,652|
|Total funds carried|forward|||6,604,280|1,355,447|7,959,727|8,012,617|
##
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||||Statement ofFinancial Po
31December 2022|sition|||
|---|---|---|---|---|---|---|
|||||Note|2022
f|2021
F|
|Fixed assets|||||||
|Tangible fixed assets||||16|6,949,612|6,992,099|
|Current assets|||||||
|Stocks||||18|61,834|45,010|
|Debtors||||19|44,981|82,914|
|Cash at bank|and|in|hand||1,471,849|1,458,034|
||||||1,578,664|1,585,958|
|Creditors: amounts|||falling due within one year|20|233,984|169,519|
|Net current|assets||||1,344,680|1,416,439|
|Total assets|less|current liabilities|||8,294,292|8,408,538|
|Creditors: amounts|||falling due after more than one year|21|334,565|395,921|
|Net assets|||||7,959,727|8,012,617|
|Charity funds|||||||
|Restricted funds||||24|1,355,447|1,397,647|
|Unrestricted|funds|||24|6,604,280|6,614,970|
|Total charity|funds||||7,959,727|8,012,617|
##
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##
|Year Ende|d 31Decem|ber 2022|||
|---|---|---|---|---|
||||2022|2021|
|||Note|||
|Cash generated
from operations||26|304,690|269,783|
|Interest paid|||(15,497)|(15,644)|
|Interest received|||3,335|1,491|
|Net cash from operating
activities|||292,528|255,630|
|Cash flows from investing
activities|||||
|Dividends,
interest and rents from investments|||21,329|21,153|
|Purchase
oftangible assets|||(240,362)|(57,928)|
|Proceeds from sale oftangible assets||||4,168|
|Net cash used
in investing
activities|||(219,033)|(32,607)|
|Cash flows from financing
activities|||||
|Repayments
of borrowings|||(59,352)|(58,013)|
|Payments
offinance lease liabilities|||(328)|(3,947)|
|Net cash used
in financing
activities|||(59,680)|(61,960)|
|Net increase
in cash and cash equivalents|||13,815|161,063|
|Cash and cash equivalents
at beginning|ofyear||1,458,034|1,296,971|
|Cash and cash equivalents
at end ofyear|||1,471,849|1,458,034|
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|over the useful economic
life o|fthat asset as follows:|
|---|---|
|Freehold
property|over 10to 50years|
|Fixtures and fittings|over 10years|
|Motor vehicles|over 4years|
|Exhibition
build and film|over 10to20 years|
|production||
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|||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|
|||Funds|Funds|2022|
|||F|||
|Donations|||||
|Donations||91,117||91,117|
|Grants|||||
|Other grants|received||57,848|57,848|
|Government|grants received|2,000||2,000|
|Subscriptions|||||
|Subscriptions|- Friends ofVindolanda|23,607||23,607|
|Other donations
and legacies|||||
|Revenue
refunds - gift aid||84,069||84,069|
|Other income||50,047||50,047|
|Hedley Centre income||35,073||35,073|
|||285,913|57,848|343,761|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2021|
|Donations|||||
|Donations||111,022||111,022|
|Grants|||||
|Other grants|received|265,884|82,562|348,446|
|Government|grants received|84,623||84,623|
|Subscriptions|||||
|Subscriptions|- Friends ofVindolanda|20,212||20,212|
|Other donations
and legacies|||||
|Revenue
refunds - gift aid||77,453||77,453|
|Other income|||||
|Hedley Centre income||298||298|
|||559,492|82,562|642,054|
##
##
##
##
|ncome fro|m charitable
activi|ties||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2022|Funds
f|2021
f|
|Admission|fees|798,458|798,458|546,964|546,964|
|Activity room income||617|617|1,433|1,433|
|||799,075|799,075|548,397|548,397|
|Income|from other trading activit|ies||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2022|Funds|2021|
||||f.|||
|Sales|ofguides, replicas etc|295,024|295,024|208,959|208,959|
|Coffee|shop income|294,739|294,739|225,029|225,029|
|||589,763|589,763|433,988|433,988|
##
||||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|---|---|---|---|---|---|---|---|---|
||||Funds||2022
f|Funds
f||2021|
|Rental|income||21,329||21,329|21,153||21,153|
|Bank|interest|receivable|3,335||3,335|1,491||1,491|
||||24,664||24,664|22,644||22,644|
##
|Other income||||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds
F|2022
f|Funds
F|2021|
|Profit on disposal oftangible|fixed|||||
|assets||||3,707|3,707|
##
##
##
##
||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|
||||Funds|Funds|2022|
||||F|||
|Purchase of|guides,|replicas etc|109,696||109,696|
|Coffee shop|purchases||147,332||147,332|
|Fund-raising|and publicity||32,945|22,562|55,507|
||||289,973|22,562|312,535|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2021|
||||F|f||
|Purchase of|guides,|replicas etc|150,902||150,902|
|Coffee shop|purchases||94,519||94,519|
|Fund-raising|and publicity||34,232|2,180|36,412|
||||279,653|2,180|281,833|
##
|Expenditu|re
on charitable|activities
by fund type||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2022|
|Operation|ofthe Vindolanda|site in line with the||||
|charity's|principal objects||1,197,806|68,579|1,266,385|
|Support costs|||222,326|8,907|231,233|
||||1,420,132|77,486|1,497,618|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2021|
|||||F||
|Operation|ofthe Vindolanda|site in line with the||||
|charity's|principal objects||1,071,151|55,162|1,126,313|
|Support costs|||178,679||178,679|
||||1,249,830|55,162|1,304,992|
##
##
##
##
||||Analysis of|Analysis of|||
|---|---|---|---|---|---|---|
||||support costs||||
|||||activity|Total 2022|Total 2021|
||Staff costs|||25,982|25,982|22,001|
||General office|||2,603|2,603|1,781|
||Finance costs|||15,439|15,439|15,475|
||Governance
costs|||57,555|57,555|27,470|
||Insurance|||34,889|34,889|26,608|
||Telephone|||20,724|20,724|8,705|
||Printing,
postage and stationery|||9,427|9,427|10,031|
||Hire ofequipment|||4,691|4,691|5,520|
||Bank charges and credit card charges|||50,078|50,078|47,138|
||Interest on finance leases|||58|58|169|
||Booking charges|||9,787|9,787|13,781|
|||||231,233|231,233|178,679|
||Governance costs||||||
||||||2022
f|2021
F|
||Accountancy
fees||||12,618|10,236|
||Auditor's
remuneration||||8,870|7,878|
||Legal and professional|fees|||33,245|8,188|
||General and office expenses||||2,822|1,168|
||||||57,555|27,470|
|13.|Auditors
remuneration||||||
||||||2022|2021|
||Fees payable
for the audit ofthe||financial statements||8,870|7,878|
|14.|Staff costs||||||
||The total staff costs and employee||benefits for the reporting|period are|analysed as|follows:|
||||||2022|2021|
|||||||f|
||Wages and salaries||||649,561|550,026|
||Social security costs||||42,264|34,731|
||Employer contributions|to pension|plans||13,924|12,830|
||||||705,749|597,587|
##
##
##
##
|The average|head count ofemployees|head count ofemployees|head count ofemployees|during the year was 38(2021:32).The average|number|of|
|---|---|---|---|---|---|---|
|full-time
equivalent||employees|during|the year is analysed as follows:|||
|||||2022|2021||
|||||No.|No.||
|Charitable
staff||||37||31|
|Administrative|staff|||1||1|
|||||38||32|
##
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##
|None of the Trustees
receiv
with the charity.
Tangible fixed assets|ed
any expense|s,
remuneration|or other b|enefits
from|employment|
|---|---|---|---|---|---|
|||||Exhibition||
||Freehold|Fixtures and|Motor|build &film||
||property|fittings|vehicles|production|Total|
||F|F||F||
|Cost||||||
|At 1 January 2022|6,746,630|372,789|50,450|1,774,794|8,944,663|
|Additions|124,294|116,068|||240,362|
|At 31December 2022|6,870,924|488,857|50,450|1,774,794|9,185,025|
|Depreciation||||||
|At 1 January 2022|803,293|204,067|33,354|911,850|1,952,564|
|Charge for the year|133,788|40,059|5,699|103,303|282,849|
|At 31 December 2022|937,081|244,126|39,053|1,015,153|2,235,413|
|Carrying
amount||||||
|At 31December 2022|5,933,843|244,731|11,397|759,641|6,949,612|
|At 31 December 2021|5,943,337|168,722|17,096|862,944|6,992,099|
##
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##
|19.|Debtors||Year Ended 31Dece|mber 2022|||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||||F|
||Trade debtors||||5,385|9,739|
||Prepayments|and accrued income|||31,216|67,506|
||Other debtors||||8,380|5,669|
||||||44,981|82,9'14|
|20.|Creditors: amounts||falling due within one year||||
||||||2022'|2021|
|||||||F|
||Bank loans and overdrafts||||62,005|60,001|
||Trade creditors||||53,227|6,455|
||Social security|and other taxes|||19,146|13,578|
||Obligations
under finance leases and hire purchase|||contracts||328|
||Accruals and|deferred|income||99,606|89,157|
||||||233,984|169,519|
|||||2022
f|2021|
|---|---|---|---|---|---|
|Deferred|income at|1"January 2022||65,553||
|Incoming|resources|received
requiring|deferment|71,647|65,553|
|Release|of incoming|resources
during|the year|(65,553)||
|Deferred|income at|31"December 2022||71,647|65,553|
##
##
##
##
|Credi|tors:|amo|unts
falling due after more than|one year||
|---|---|---|---|---|---|
|||||2022|2021|
|Bank|loans|and|overdrafts|334,565|395,921|
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|Not|later|than|1|year||328|
##
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##
##
##
##
|Analysis|ofcharitable|ofcharitable|ofcharitable|ofcharitable|funds|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted||funds||||||||||
||||||||At||||At|
||||||||1 January||31||December|
||||||||2022|Income|Expenditure||2022|
||||||||||||F|
|General|funds||||||6,614,970|1,699,415|(1,710,105)||6,604,280|
||||||||At||||At|
||||||||1 January||31||December|
||||||||2021|Income|Expenditure||2021|
||||||||||||F|
|General|funds||||||6,576,225|1,568,228|(1,529,483)||6,614,970|
|Restricted funds||||||||||||
||||||||At||||At|
||||||||1 January||31|December||
||||||||2022|Income|Expenditure||2022|
|||||||||F||||
|Roman writing||tablets fund|||||183,000||||183,000|
|Heritage|Lottery||Fund project|||1|1,137,193||(26,139)||1,111,054|
|Arts Council Fund||||1|||24,084||(21,445)||2,639|
|Northumberland|||County||Council||4,000||(500)||3,500|
|Arts Council Fund||||2|||21,870||(15,849)||6,021|
|Heritage|I ottery||Fund project|||2|27,500|22,498|(12,841)||37,157|
|Arts Council Fund||||3||||35,350|(23,274)||12,076|
||||||||1,397,647|57,848|(100,048)||1,355,447|
||||||||At||||At|
||||||||1 January||31||December|
||||||||2021|Income|Expenditure||2021|
||||||||F||F||F|
|Roman writing||tablets fund|||||183,000||||183,000|
|Heritage|Lottery||Fund project|||1|1,163,285||(26,092)||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|
|Arts Council Fund||||3||||||||
||||||||1,372,427|82,562|(57,342)||1,397,647|
##
##
##
##
##
|Analysis of net as|set|s between funds||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2022|
|||||F||
|Tangible fixed assets|||5,793,630|1,155,982|6,949,612|
|Current assets|||1,379,199|199,465|1,578,664|
|Creditors less than|1|year|(233,984)||(233,984)|
|Creditors greater than||1 year|(334,565)||(334,565)|
|Net assets|||6,604,280|1,355,447|7,959,727|
||||Unrestricted|Restricted|Total Funds|
||||Funds
f|Funds|2021
f|
|Tangible fixed assets|||5,849,670|1,142,429|6,992,099|
|Current assets|||1,330,740|255,218|1,585,958|
|Creditors less than|1|year|(169,519)||(169,519)|
|Creditors greater than||1 year|(395,921)||(395,921)|
|Net assets|||6,614,970|1,397,647|8,012,617|
##
##
##
|Cash gener|ated|from o|pera|tions|||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||||F|
|Net (expenditure)/income|||||(52,890)|63,965|
|Adjustments|for:||||||
|Depreciation
oftangible|||fixed|assets|282,849|278,142|
|Dividends,|interest and||rents|from investments|(21,329)|(21,153)|
|Other interest receivable|||and|similar income|(3,335)|(1,491)|
|Interest payable||and similar charges|||15,497|15,644|
|Gains on disposal oftangible||||fixed assets||(3,707)|
|Changesin:|||||||
|Stocks|||||(16,824)|43,836|
|Trade and|other|debtors|||37,933|(46,416)|
|Trade and|other|creditors|||62,789|(59,037)|
||||||304,690|269,783|
##
##
|Analy|sis ofchang|es
in net debt|||||
|---|---|---|---|---|---|---|
||||||Other non-||
||||At||cash|At|
||||1 Jan 2022|Cash flows|changes|31Dec 2022
f|
|Cash|at bank and|in hand|1,458,034|13,815||1,471,849|
|Debt|due within one year||(60,329)|59,680|(61,356)|(62,005)|
|Debt|due after one|year|(395,921)||61,356|(334,565)|
||||1,001,784|73,495||1,075,279|
##
|Operating
lea|Operating
lea|se commit|ments|||||
|---|---|---|---|---|---|---|---|
|The total future||minimum|lease payments|under non-cancellable|operating|leases are as follows:||
|||||||2022|2021|
|Not later than||1 year||||51,653|51,653|
|Later than|1 year and not||later than 5years|||200,016|201,665|
|Later than|5years||||1,150,092||300,024|
||||||1,401,761||553,342|
##