OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-04-30-accounts

REGISTERED COMPANY NUMBER: 09533851 (England and Wales) REGISTERED CHARITY NUMBER: 1168268

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

FOR

WATERLOO UNCOVERED

Liles Morris Limited 1st Floor 80 Coombe Road New Malden Surrey KT3 4QS

WATERLOO UNCOVERED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Cash Flow Statement 8
Notes to the Cash Flow Statement 9
Notes to the Financial Statements 10 to 19

WATERLOO UNCOVERED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Core objectives

Waterloo Uncovered (WU) uses the archaeology of the Battle of Waterloo to help those who have served their country find peace from war, whilst adding to world history and education.

The charity was established in 2015 (the Battle of Waterloo's bicentenary year). Since then it has conducted an annual two-week excavation at the Waterloo Battlefield in Belgium, developed several highly regarded support programmes and continues to educate across the archaeological and mental health arena.

At the core of WU are the Veterans and Serving Military Personnel (VSMP), who are offered a unique opportunity to take part in excavating one of the world's most famous battlefields and working with a team of top international archaeologists and students to advance the historical knowledge of the battle and those who fought in it.

At the same time, VSMP are offered support and encouragement with their health and wellbeing, recovery (from both mental and physical injury), education, employment, and vocational skills as well as assistance with the transition from military to civilian life. The nature of WU also means that the participating VSMP can add great value to the project. For example, their real-life experiences of the military and exposure to conflict means they can offer valuable insights which aid the interpretation of the archaeological finds and contribute to decisions about which areas of the battlefield to focus attention on. WU also runs several hybrid programmes, developed during the pandemic, to tackle loneliness and improve mental wellbeing. These programmes cover art, archaeological finds and higher education.

Fundamentally, WU was created to achieve three aims:

While WU is UK based and the majority of those taking part and benefitting from its support are from the UK, the charity does have an important international aspect. International participants (primarily from the modern-day countries that took part in the Battle of Waterloo) but also from further afield are a key part of the project. Not least in helping to understand the battle from all sides, educate a wide and diverse audience, and continue to build important international relationships at a micro and macro level, from individual friendships to partnerships between institutions and governments.

1

WATERLOO UNCOVERED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022

OBJECTIVES AND ACTIVITIES

Significant activities

The financial year 1st May 2021 to 30th April 2022 saw another year of Covid related activity. Due to extreme changes in the ability to travel, and to support those who were already vulnerable, WU did not return to the Waterloo Battlefield as planned. Instead, WU continued to build on its successful VSMP Support Programme and ran four virtual programmes.

By taking Programmes online and running them in a hybrid fashion (including in person activities when possible) WU was still able to support over 50 participants and continued to grow as a charity. The Programmes run in 2021/22 were as follows:

Other significant activity included a ground-breaking trip to the Falklands which supported two Scots Guards veterans return to the site of their battle and furthered the archaeological narrative of the Falklands Conflict.

This year saw an increase in fundraising activity in general and with WU's costs being lower without going on excavation this meant that WU could support more participants and reach a wider audience from an educational standpoint.

Future Development

WU is on track to continue supporting veterans & serving military personnel for the next five years. In 2022, the return to Waterloo on excavation has enabled WU to prove its effectiveness and ability to affect change in people's lives, as well as furthering the important archaeological work on the battlefield. Looking to the future, WU plans to continue excavating the Waterloo Battlefield at least once a year (furthering the archaeology of the site), expand its remit in the Falklands and to continue to run its Education, Follow-On and Finds Programmes for UK VSMP.

The Charity will continue to grow at a planned rate, it's in line with the support that it offers to veterans so well. WU will focus on raising funds to support its activity and its expected growth, as well as working with international partners and other nations, without reducing the level of UK involvement.

Public benefit

In shaping our objectives for the year and planning our activities, the Trustees have considered the Charity Commission's guidance on public benefit.

STRATEGIC REPORT

Reserves policy

The reserves policy is reviewed and approved by the board on an annual basis. The trustees consider a level of resources to cover three to six months operating expenses to be appropriate which is in line with the annual forecast.

2

WATERLOO UNCOVERED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022

STRATEGIC REPORT

Principal risks and uncertainties

As part of the business planning exercise carried out during the year, the Trustees have considered the major risks to which Waterloo Uncovered is exposed. They have reviewed systems and identified steps to mitigate those risks.

Funding

The charity is dependent on donated funds. The Trustees engage with a variety of donors and also ensure projects do not commence if funding is not in place. For 2021/22 we would like to extend our thanks to all our supporters, funders and volunteers.

A particular mention to :

Armed Forces Covenant Trust Blind Veterans UK National Lottery Heritage Fund Fund

Royal Air Force Benevolent Fund The Childwick Trust Worshipful Company of Grocers Worshipful Company of Glovers Annington

Financial and risk management objectives and policies Financial review

Waterloo Uncovered had £155,699 net outgoing resources, after transfers on unrestricted funds, for the year (2021: £191,819 incoming resources). Waterloo Uncovered now has an accumulated balance on unrestricted funds of £113,127 (2021: £167,396), included in those amounts are fixed assets of £7,376 (2021: £5,679).

Restricted fund balances at the end amount to £nil (2021: £101,430).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Key management remuneration

The Trustees, who are also directors, are in charge of directing and controlling the charity. All Trustees give their time freely. Day to day management is delegated to the Chief Executive and the Chief Operating Officer and their pay, along with the staff team, is reviewed annually.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Covid remained a risk for 2021but in 2022 activities seemed to be less affected by pandemic issues than the year before.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 09533851 (England and Wales)

Registered Charity number

1168268

Registered office

102 Parkway House Sheen London SW14 8LS

3

WATERLOO UNCOVERED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022

Trustees

T Schadla-Hall Brigadier G Bibby Major C Foinette J Lowther-Pinkerton (resigned 22.9.21) Maj Gen J Cowan P Cawston T Mollo (resigned 30.11.21) M Mitchell Ms R Hall J Hopkins (appointed 30.11.21) Mrs L Money (appointed 21.9.21)

Independent Examiner

Alison Sanderson ICAEW Liles Morris Limited 1st Floor 80 Coombe Road New Malden Surrey KT3 4QS

Chief Executive Mark Evans

Website

www.waterloouncovered.com

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 27 January 2023 and signed on the board's behalf by:

P Cawston - Trustee

4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WATERLOO UNCOVERED

Independent examiner's report to the trustees of Waterloo Uncovered ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Alison Sanderson ICAEW Liles Morris Limited 1st Floor 80 Coombe Road New Malden Surrey KT3 4QS

Date: 30 January 2023

5

WATERLOO UNCOVERED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 APRIL 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
264,910
EXPENDITURE ON
Raising funds
3
99,268
Charitable activities
4
Archaeological digs & trips
24,832
Education and outreach
24,832
Veteran Support Programme
91,050
Other
7
42,636
Total
282,618
NET INCOME/(EXPENDITURE)
(17,708)
Transfers between funds
16
(36,561)
Net movement in funds
(54,269)
RECONCILIATION OF FUNDS
Total funds brought forward
167,396
TOTAL FUNDS CARRIED FORWARD
113,127		 Restricted
funds
£
217,551
-
79,873
35,775
219,894
20,000
355,542
(137,991)
36,561
(101,430)
101,430
-		 2022
Total
funds
£
482,461
99,268
104,705
60,607
310,944
62,636
638,160
(155,699)
-
(155,699)
268,826
113,127		 2021
Total
funds
£
636,010
22,223
46,271
248,218
83,907
43,572
444,191
191,819
-
191,819
77,007
268,826

The notes form part of these financial statements

6

WATERLOO UNCOVERED

BALANCE SHEET 30 APRIL 2022

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Cash at bank
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2022
£
7,376
-
109,683
109,683
(3,932)
105,751
113,127
113,127
113,127
-
113,127		 2021
£
5,679
2,402
264,336
266,738
(3,591)
263,147
268,826
268,826
167,396
101,430
268,826

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees and authorised for issue on 27 January 2023 and were signed on its behalf by:

P Cawston - Trustee

G Bibby - Trustee

The notes form part of these financial statements

7

WATERLOO UNCOVERED

CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2022
£
(150,454)
(150,454)
(4,199)
(4,199)
(154,653)
264,336
109,683		 2021
£
184,166
184,166
(2,351)
(2,351)
181,815
82,521
264,336

The notes form part of these financial statements

8

WATERLOO UNCOVERED

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 2022

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

OPERATING ACTIVITIES
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash (used in)/provided by operations		 2022
£
(155,699)
2,502
2,402
341
(150,454)		 2021
£
191,819
1,817
(2,402)
(7,068)
184,166
  1. ANALYSIS OF CHANGES IN NET FUNDS
At 1.5.21 Cash flow At 30.4.22
£ £ £
Net cash
Cash at bank 264,336 (154,653) 109,683
264,336 (154,653) 109,683
Total 264,336 (154,653) 109,683

The notes form part of these financial statements

9

WATERLOO UNCOVERED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements are prepared on a going concern basis, under the historical cost convention.

The Company is a public benefit entity for the purposes of FRS 102 and a registered charity established as a company limited by guarantee and therefore has also prepared its financial statements in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORP) and the Companies Act 2006 Waterloo Uncovered meets the definition of a public benefit entity under FRS 102.

The financial statements have been prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’ This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Raising funds

These include expenditure associated with implementing the objectives of the charity and include both direct and support costs relating to these activity costs.

Charitable activities

These include expenditure associated with implementing the objectives of the charity and include both direct and support costs relating to these activity costs

Governance costs

These costs include the cost of the preparation of the statutory accounts and the costs of Board of Trustee meetings.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

continued...

10

WATERLOO UNCOVERED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Fixtures and fittings - 20% on cost Computer equipment - 25% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Creditors and provision

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due

Financial instruments

Cash and cash equivalents

Cash and cash equivalents include cash at banks and in hand and short term deposits with a maturity date of three months or less.

Debtors and creditors

Debtors and creditors receivable or payable within one year of the reporting date are carried at their transaction price. Debtors and creditors that are receivable or payable in more than one year and not subject to a market rate of interest are measured at the present value of the expected future receipts or payment discounted at a market rate of interest.

Government Grants

Government grant income relating to coronavirus support is recorded in the period to which the claim relates and all conditions required have been completed.

continued...

11

WATERLOO UNCOVERED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022

2. DONATIONS AND LEGACIES

Project related donations
General donations		 2022
£
217,551
264,910
482,461		 2021
£
296,431
339,579
636,010

The Trust benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.

3. RAISING FUNDS

Raising donations and legacies

Fundraising
CHARITABLE ACTIVITIES COSTS
Archaeological digs & trips
Education and outreach
Veteran Support Programme
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Archaeological digs & trips
Education & outreach
Veteran Support Programme
Use of building

4. CHARITABLE ACTIVITIES COSTS

5. DIRECT COSTS OF CHARITABLE ACTIVITIES

continued...

12

WATERLOO UNCOVERED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022

6. SUPPORT COSTS

Governance
Management
costs
£
£
Other resources expended
59,179
3,457		 Totals
£
62,636

In the year ended 30th April 2022 around 85% of support costs related to Charitable activities.

The costs transferred were allocated

The Veteran Support Programme now constitutes the majority of the charity's work.

Support costs, included in the above, are as follows:

Management

Management
2022 2021
Other
resources Total
expended activities
£ £
Staff salaries & related employment costs 28,838 67,758
Social security 2,312 7,539
Pensions 695 2,935
Office costs, administration & contractors 165,546 115,124
Transfer to Charitable activities (140,714) (154,686)
Depreciation of tangible and heritage assets 2,502 1,817
59,179 40,487
Governance costs
2022 2021
Other
resources Total
expended activities
£ £
Accountancy and legal fees 3,457 3,085

Governance costs

continued...

13

WATERLOO UNCOVERED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022

7. OTHER

Support costs 2022
£
62,636		 2021
£
43,572

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2022 2021
£ £
Depreciation - owned assets 2,502 1,817

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 April 2022 nor for the year ended 30 April 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 April 2022 nor for the year ended 30 April 2021.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2022
£
192,253
15,414
4,633
212,300		 2021
£
117,758
7,539
2,935
128,232

The average monthly number of employees during the year was as follows:

Operations 2022
4		 2021
3

No employees received emoluments in excess of £60,000.

continued...

14

WATERLOO UNCOVERED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
339,579
296,431
EXPENDITURE ON
Raising funds
22,223
-
Charitable activities
Archaeological digs & trips
33,349
12,922
Education and outreach
85,277
162,941
Veteran Support Programme
54,140
29,767
Other
43,572
-
Total
238,561
205,630
NET INCOME
101,018
90,801
Transfers between funds
(10,629)
10,629
Net movement in funds
90,389
101,430
RECONCILIATION OF FUNDS
Total funds brought forward
77,007
-
TOTAL FUNDS CARRIED FORWARD
167,396
101,430
12.
TANGIBLE FIXED ASSETS
Fixtures
and
Computer
fittings
equipment
£
£
COST
At 1 May 2021
2,285
5,898
Additions
-
4,199
At 30 April 2022
2,285
10,097
DEPRECIATION
At 1 May 2021
828
1,676
Charge for year
457
2,045
At 30 April 2022
1,285
3,721
NET BOOK VALUE
At 30 April 2022
1,000
6,376
At 30 April 2021
1,457
4,222		 Total
funds
£
636,010
22,223
46,271
248,218
83,907
43,572
444,191
191,819
-
191,819
77,007
268,826
Totals
£
8,183
4,199
12,382
2,504
2,502
5,006
7,376
5,679

continued...

15

WATERLOO UNCOVERED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Social security & other taxes
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Net wages
Pension contributions payable
Accruals and deferred income
15.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
fund
funds
£
£
Fixed assets
7,376
-
Current assets
109,683
-
Current liabilities
(3,932)
-
113,127
-
16.
MOVEMENT IN FUNDS
Net
movement
At 1.5.21
in funds
£
£
Unrestricted funds
General fund
167,396
(17,708)
Restricted funds
The Main Project (Veteran Support /
Summer Excavations)
97,500
(134,061)
Heritage Lottery Fund - Awards for All
3,930
(3,930)
101,430
(137,991)
TOTAL FUNDS
268,826
(155,699)		 2022
£
-
2022
£
785
53
1,294
1,800
3,932
2022
Total
funds
£
7,376
109,683
(3,932)
113,127
Transfers
between
funds
£
(36,561)
36,561
-
36,561
-		 2021
£
2,402
2021
£
-
-
591
3,000
3,591
2021
Total
funds
£
5,679
266,738
(3,591)
268,826
At
30.4.22
£
113,127
-
-
-
113,127

continued...

16

WATERLOO UNCOVERED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
The Main Project (Veteran Support /
Summer Excavations)
Heritage Lottery Fund - Awards for All
Adrian Swire (Core Costs)
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
The Main Project (Veteran Support /
Summer Excavations)
Heritage Lottery Fund - Awards for All
TOTAL FUNDS		 At 1.5.20
£
77,007
-
-
-
77,007		 Incoming
resources
£
264,910
197,551
-
20,000
217,551
482,461
Net
movement
in funds
£
101,018
86,871
3,930
90,801
191,819		 Resources
Movement
expended
in funds
£
£
(282,618)
(17,708)
(331,612)
(134,061)
(3,930)
(3,930)
(20,000)
-
(355,542)
(137,991)
(638,160)
(155,699)
Transfers
between
At
funds
30.4.21
£
£
(10,629)
167,396
10,629
97,500
-
3,930
10,629
101,430
-
268,826

continued...

17

WATERLOO UNCOVERED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 339,579 (238,561) 101,018
Restricted funds
The Main Project (Veteran Support /
Summer Excavations) 286,431 (199,560) 86,871
Heritage Lottery Fund - Awards for All 10,000 (6,070) 3,930
296,431 (205,630) 90,801
TOTAL FUNDS 636,010 (444,191) 191,819
A current year 12 months and prior year 12 months combined position is as follows:
Net Transfers
movement between At
At 1.5.20
in funds		 funds 30.4.22
£ £ £ £
Unrestricted funds
General fund 77,007 83,310 (47,190) 113,127
Restricted funds
The Main Project (Veteran Support /
Summer Excavations) - (47,190) 47,190 -
TOTAL FUNDS 77,007 36,120 - 113,127

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
The Main Project (Veteran Support /
Summer Excavations)
Heritage Lottery Fund - Awards for All
Adrian Swire (Core Costs)
TOTAL FUNDS
 Incoming
resources
£
604,489
483,982
10,000
20,000
513,982
1,118,471
(		 Resources
Movement
expended
in funds
£
£
(521,179)
83,310
(531,172)
(47,190)
(10,000)
-
(20,000)
-
(561,172)
(47,190)
1,082,351)
36,120

continued...

18

WATERLOO UNCOVERED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022

16. MOVEMENT IN FUNDS - continued

The Main Fund (formerly the LIBOR fund).

This was seeded with funding received from LIBOR to further the charity's work. 2021 included years four and five of five years matched funding by the charity. Additional donors have contributed to this fund in the current financial year.

The funding is used to further field trips and increase the number of SPV participants. In addition it funds education and outreach awareness.

Heritage Lottery Fund - Awards for All

Funding was received to purchase services to set up various social media and draft a five year business plan. The funds carried forward were spent at the start of the following financial year.

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 April 2022.

19