**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:
- Veterans and Serving Military Personnel Support: providing those who have served their country with the support they deserve when they need it most.
- Archaeology of Waterloo: investigating and preserving the heritage of the battlefield before all traces are lost forever and adding new understanding to the military history of this decisive battle.
- Education: providing formal education, informal learning and public engagement that broadens the understanding of war and its impact on people, both then and now.
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:
- Arts Programme: art focussed on the Battlefield of Waterloo (supported 7 UK VSMP)
- Finds Programme: working on handling collections and telling WU's story and educating around the Battle and the people involved on our programmes (supported 9 UK VSMP)
- Virtual Programme: basic archaeology skills and mindfulness (supported 12 UK VSMP)
- Battlefields Uncovered: WU's accredited education programme run in conjunction with Utrecht University (supported 30 UK VSMP).
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
3. 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
4. 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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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|
2. **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
- 15% to Outreach & Education (2021 - 55%)
- 15% to Archaeological Digs & Trips (2021 - 10%)
- 55% to Veteran Support Programs (VSP). (2021 - 35%)
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