RKGisfERED COMPANY NUMBER: 09533851 (EnglAnd and Wales) REGISTERED CHARITY NUMBER: 1168268 RKPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR EiYDED 30 APRIL 2024 FOR WATERLOO UNCOVERED Liles Mojris Limited 1st Floor 80 Coombe Road New Malden Surrey KT3 4QS
WATERLOO UNCOVERED CONTENTS OF THE FINANCIAL STATEMEwrs FOR THE YEAR ENDKD 30 APIUL 2024 Page Report of the Trustees I to 4 Independent Examiner's Report Statement of Vlnanelal Aetivities Balance Sheet Cash Flow Ststement Notw to the CAsh Flow Stalement No¢e5 to the FinanclAI Statements 10 to 18 Detalled StAtement of Financlal Actlvltles 19
WATERLOO UIYCOVERED REPORT ofi THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024 The lrnslees who are also directors of the ¢harity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2024. The trustees have adopted Ihc provisions of Accounting and Reporting by Charities.. Slal¢menl of Recommended Pracli¢e applicable lo ¢harili¢s preparing their ac¢ounls in accordance with the Financial RetK>rting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OWEcfivES AND ACTIVITIES Core objectives Waterloo Uncovered (WU) uses the archaeology of the Battle of Waterloo to help thos¢ who have 5eryed their country find peace from war. whilst adding to world history, beneficiary and public education. The charity was established in 2015 (th¢ Battle of Waterloo's bicentenary year). Since then it has conducted an cxcavation al ihe Waterloo Baltlefield in Belgium, whcn possible, developed several highly regarded b¢nefi¢iary support programmes, and ¢ontinues to educat¢ across the archaeological and wellbeing 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, working with a team of lop international archaeologists and studcnls lo advan¢e the historical knowledge of the battle and thos¢ who fought in it. At Ihe same time, VSMP are offered support ond encouragemcnt with their hcalth and wellbeing, recovery (from both mental and physical injury) education, employmenl, and vooalional skills as well as assistance with the transition from military lo civilian life. The nature of WU also means that the participating VSMP can add great value to th¢ project. For example, their real-life experiences of the military and exposure lo conflict tneans they offer valuablc insigh15 which aid thc inlcrprctalion of the archaeological finds. WU also runs a range of other Plogrammes, both in person and online. to lack1¢ loneliness and improve w¢llb¢ing. Fundamentally WU was created lo perfomi three essential aim5-. Veterans and Serving Mililary Personnel Support providing those who have served thcir country with the support they deserye when they need it most. Archaeology of Waterloo investigating and prcserviiig the heritage of the battlefield before all It7c¢s are lost forever,. and adding new understanding to th¢ military history of this decisive battle. Education providing formal education. infomial learning and publi¢ engagement ihat broadens the understanding of war and its impacl on people both then and now. Whilst WU is UK based. and the majority of those taking part and benefitting from its support are frofft Ihc UK, the ¢harity does have an important intemational aspect. Intemational beneficiaries, primarily from the modern-day countries that took part the Battle of Wal¢rloo but also from further afield, are a key part of th¢ project. Not least in helping to understand the battle fmTll all Sides, educate a wide and diverse audience, and continue to build important international relationships at a micro and ma¢ro l¢vel from individual friendships to partnerships between institutions and govemments.
WATKRLOO UNCOVERED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024 ORJECTIVES AND AcfIviTIES STgnifJcant Activities This financial year {fr0rn 1st May 2023 to 30th April 2024) saw the charity continue with its excavation on the battlefield of Waterloo and build on ils successful VSMP Support Programmes. In total we supported 69 beneficiari¢s and ran four programmes &$ follows: Ex¢avhlion Progrdmme archaeology Finds Programme working on haTJdling coll¢clions and telling Wu's story and educating around thc Battle and the people involved on our programmes Follow-on Programme yupported ben¢ficiaries who participated in previous programmcs for a further 12 month p¢riod Battlefields Uncovered . Wu's accredited education programtne run in wnjunction wilh Utrecht University. in-person Excavation of the Waterloo Battlefield, helping VSMP'S recovery through Th¢ charity overall saw a drop in income compared with the previous year 2022123, which was an exceptional year on income achievements. Income therefore returned to average, and could be Attributed to a liansilion period with the departure of the former CEO at)d Founder and arrival of a new CEO. combined with a challenging ¢xtemal financial Climate across the chartty $tor Vutuve Development A5 referenced abové 2023124 was a year of significant change but throughout the year WU continued lo prove its ability to effect change in people's lives and lo furtherit]g the important archaeologi] work on the Battlefield. Looking lo thc ture, the oharity plans to continue ¢xGavating the Waterloo Battlefield and tijn ils wider programmes. such as Battlefields Uncovered and Finds, for UK VSMP. WU will focus on raising funds to support its activity as well as working wiih inlemational partners and other nations. Public benefit In shaping our objectives for the year and planning our activities. the Trustees have considercd the Charity Commission's guidance on public benefit. srRATEGIC REPORT Reserves poliey The Trustees, aim is to ensure that there are sufficient reserves to cover three to six months operating expense8 but where this is not possible do nol commit beyond available cash fvnd5.
WATERLOO UNCOVERED REPORT OF THE TRUSTEES FOR THE YEAR KNDED 30 APIUL 2024 STIi4TEGIC REPORT Principal risks and uneertaintlES Trustees considered the major risks lo which Waterloo Uncovered is exposed on an ongoing basis throughout the year and identified stsps lo mitigat¢ these. Funding The charity is dependent on donated fvnds, including through Grdnts and Trusts. Thc Trustees engage with a variety of donors and also ensure projects do not commence if funding is not in place. For 2023124 we would like lo extend our thanks lo all our supporters, fundeTS and volunteers. A particular mention to: The Arnied Forces Covenant Fund . Veterans, Places. Paihways and People The National Lottery Heritage Fund The MacRoberts Trust The Royal Navy & Royal Marines Charity The D'oyly Carte Charitable Trust Annington The Edward Gostling Foundation The"fompkins Foundation Polar Capital Capslar Advisers The Inman Charity The Adriali Swir¢ Charitable Trust The Fitzgerald Family Foundatioti The Army Benevolent Fund Thc Vcterans Foundation ABF Soldiers, Charity Financial and risk management objectives and policies Financial review Waterloo Uncovered had £14,691 net outgoing r¢50urces. after transfers on unr¢strieted nds, for ihe year (2023.. £33,061). Waltrloo Uncovered now has an accumulated balance on unStricted thnds of £52.375 (2023: £62,566). included in those 8mounls are fixed assets of £3.447 (2023.. £5.318). Reslricled fund balances at the end amounl to £13.000 (2023: £17.500). STRucfuRE, GOVLI RNANCE AND MANAGEMENT GoYernKng document The charity is controlled by ils governing document. a deed of trust, and constilules a limited company, limited by guarantee, as dcfined by the Compani¢5 Act 2006. Recruitment, appointment And induction of new trustee5 New trustees e recrnited to maintain a balanced Board. They are ¢hoscn based on their skills and experience to fill the needs of the charity. and to help achieve the charitsbl¢ aims. On appointment they are briefed on the workings of the Charity and any committees or areas they will be part of or have specific responsibility lor. Key man9gement remllneration The Trustees, who are also directors, are in charg¢ of directing and controlling the charity. All Trustees give their time freely. Day to day management was del¢gat¢d lo the Chief Executive and the Chief Operating oificer until the autumn of 2023. Since February 2024, the charity has been led by a Chief Executive. Staff pay is reviewcd annually.
WATERLOO UNCOVERED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk manageTuent The trustees have a duty to identify and review Ihe risks which the charity is exposed to and lo ensure appropriate controls are in place to provide reasonable assurance against fraud and ¢rror. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 09533851 (England and Wales) ReEjStered Charlty nutnber 1168268 RegF5tered office First Floor 80 Coombe Road N¢w Malden Surrey KT3 4QS Trustees Brigadier G Bibby Major C Foin¢¢te Maj Gen J Cowan (re5ign¢d 24.8.23) P Cawston M Mitchell Ms R Hall J Hopkins Mr5 L Money G Waters (appointed 17.1.25) Independent Examiner Alison Sanderson Liles Morris Limited Isl Floor 80 Coombe Road New Malden Surrey KT3 4QS Chief Exeeulive Mark Evans {resigned 26.09.23) Abigail Boylc (appointed 19.02.24) Website www.waterloouncovcred.com Report of the trustee5, incorporating a strategic report, approved by order of the board of trustee5. &5 the company directors, on 17 January 2025 and sign¢d on Ihe board's behalf by: Brigadier G Bibby - Trusl¢e
INDEPENDKNT EXAMINER'S REPORT TO THE TRUSTEIS OF WATERLOO UNCOVERED Independent examiner's report to the trustets of Waterloo Uncovered ('the Company,) I report to thc charity trustees on my examination of the account5 of the Company for the year ended 30 April 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of ¢ompany law) you are responsible for the preparation of thc accounts in accordance with ihe requiiements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required lo be audited under Part 16 of thc 2006 Act and are eligible for independent ex8niination. I report in respect of my examination of yoiir chArity's accounts &s carried out under Section 145 of the Charitie8 Act 2011 {'Ihe 2011 Act,). In Carrying out my examination I have follow¢d the Dir¢ctions given by the Charity Commission und¢r Section 145(5} (b) of the 2011 Act. Independent examiner's st&tement Sinc¢ your charity's gross income exceeded £250.000 your ¢xaminer musl be a member of a listed body. I can confim) that l am qualified to undertake the examination because l am a member of ihe Institute of Charter¢d Accountants in Bngland and Wales. which is one of the listed bodies. I have completed my exaFnination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe: Accounting records were not kept in respect of the Company as required by S¢clion 386 of the 2006 Act; or the accounts do not accord with those records. or the accounts do not comply with the llccounling requirements of Section 396 of thc 2006 Act other thon ony requirement that lh¢ a¢couTrts give a liue and fair view which is not a matter considered as part of an independent examinatioll,. or the accounts have not been preparcd in accordance with the methods gnd principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charilies prepariT>g their accounts in accordance wilh the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102)). I havc no con¢¢ms and have comc 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 lo be reached. Alison Sanderson Liles Morris Limited Isl Floor 80 Coombe Road New Malden Surrey KTJ 4QS 17 January 2025
WATERLOO UNCOVERED STATEMENT OF VINANCIAL AcfIviTIES (INCORPORATING AN INCOME AND EXPENDITURE Accouiyr) FOR THE YEAR ENDED30 APRIL 2024 2024 Total funds 2023 Total fijnds Unrestricted fund Restricted nds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 373,197 148,624 521,821 800259 EXPENDITURE ON Raising funds 33,637 16,619 50,256 100,248 Charitable attivilies Awhaeological digs & trips Education and outreach Veteran Support Programme 144,607 18,430 134,726 50,517 195,124 18,430 175,714 295,492 21,659 294,734 40,988 Other 51,988 45,000 96,988 121.187 Total 383288 153,124 536,512 833,320 NET INCOMEI(EXPENDITURE) (10,191) (4,500) (14,691) (33.061) RECONCILIATION OF FUNDS Total fvnds brought fonvard 62,566 17,500 80,066 113,127 TOTAL FUIYDS CARRIED FORWARD 52J75 13.000 65J75 110.U06 The notes forni pHrt of these financial stalem¢nls
WATERI,00 UNCOVERED (REGisfERED NUMBER: 09533851) BALANCL SHEET 30 APRIL 2024 21124 2023 Notes FIXED ASSETS Tangible &ss¢ts 12 3.447 5,318 CURRENT ASSETS Debiors Cash at bank 13 378 65,109 91,584 65,487 91.584 CREDITORS Amounts falling du¢ within one year 14 (3,559) (16,836) NET CURRENT ASSETS 61.928 74,748 TOTAL ASSbTS LESS CURRENT LIABILITIES 65J75 80,066 NET ASSETS 65,375 80,066 FUNDS Unrestri¢led ndS Reslricl¢d funds 16 52J75 13,000 62,566 17,500 TOTAL FUNDS 65J75 80.066 Thc charitable company is ¢ntitl¢d to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024. The members have not required the company to obtain an audit of its financial statements for thc year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006. The Iru5tees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accountillg records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial sÈatem¢nls which give a true and fair view of the state of affairs of the chaTitsble company as at the end of each financial year and of 115 surplus or deficit for ea¢h financial year in accordance with the requiremcn15 of Sections 394 and 395 and which otherwise comply with the requirements of the Companie5 Act 2006 relating lo financial stalemenls, so far as applicable to the charitabl¢ company. (b) The financial slalemen15 were approved by the Board of Trustees and auihorised for issue on 17 January 2025 and were signrd on its behalf by.. G Bibby . Truslce The notes fom part of these financial statements
WATERLOO UNCOVERED CASH FLOW STAI'EMENT FOR THE YEAR ENDED 30 APRIL2024 2024 2023 Notes Cash flows from operating actlvitie5 Cash generated from operations (25,646} (16.364) Net cash used in operaling activities (25,046) (16,364) Cash flows from investing 8¢tivities Purchase of tangibl¢ fixed assets (829) {1,735) Nel cash used in investing activities (829) (1.735) Change in eash 2nd cash equivalents i the reporting period Cash and cash equivalents at the beginnÉng of the reporting perlod (26,475) (18.099) 91,584 109,683 Cash And cash equivalents At the end of the reporting period 65,109 91.584 The notes forni part of these financial statements
WATERLOO UNCOVERED NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 2024 RKCONCILIATION OF NET EXPENDITURE TO NET CASH Fllw FROM OPERATING ACTIVITIES 2024 2023 Net expenditure for the reporting period (a5 per the Statement of Financlal Actlvitie4) Adjustments for.. Depreciation charges Loss on disposal of fixed as5cIs InGre&se in debtors (De¢reaseyincrease in creditors (14,691) (33.061) 2,700 3.343 450 {378) (13,277) 12.904 Net cash used in operations (25,646) (16,364) ANALYSIS OF CHANGES IN NET FUNDS At1.5.23 C85h flow At 30.4.24 Net eash Cash at bank 91,584 (26,475) 65,109 91,584 (26,475) 65.109 Total 91,S84 (26,475) 65,109 The notes forni part of thcse financial slal¢m¢ntS
WATERLOO UNCOVERED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JO APIUL2024 ACCOUNTING POLICIES Basls of preparing the financlAI statements The financial slalemenls of the Gharitable company? which is a public benefit entity under FRS 102, have been prepared in accordance with thc Charities SORP (FRS 102) 'Ac¢ounling and Reporting by Charities.. Statement of Recommended Praclice applicable lo charities preparing their accounts in accordance with the Fin0JJ¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l 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 slalemenls have been preparcd under the hisloricul cost convenliort. These financial slatemenls 8re prepad on a going ¢oncem basi5. under th¢ historical cost convention. Thc Company is a publi¢ benefit entity for the putposes of FRS 102 and a registered charity established as company limited by guarantee and thcrefore has a150 prepared its financial slalements in accordance with the Statement of Recommended Practice applicable lo charities preparing their accouT]ts 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 Wal¢rloo Uncov¢r¢d meets the definition of a public benefit entity under FRS 102. The financial slalements have been prepared in slerling, which is th¢ fvnctional currency of the entity. Monetary amounts in these financial statements are rounded Éo the ncaresl pound. The financial slalemenls have been prcpared to give a 'trne and fair. view and have d¢parted from the Charilics (Accounts and Reports) Regulations 2008 only to the extent required lo provide a 'true and fair view, Thi5 departure has involved following Accounting and Reporting by Charities preparing th¢ir accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102) issu#d on R6 July 2014 rather than the Accounting and Reporting by Charities Statement of Recommended Praclice effective from l April 2005 which has since becn withdrawn. Income All income is recognised in the Statem¢nt of Financial Activities once the charity h&8 enliilemenl lo the fvnds. it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised &s expenditure as soon as there is a legal or Constructive obligation wminitting the charity to that expenditure, it is probable that a transfer of enOMiC benefits will be required in settlement and the amount of Ihc obligation Lan be measured reliably. Expenditure is a¢counted for on an accruals basi5 and has been classified under headings that aggregate all cost relaled lo the category. Where costs caJ)not be directly attribuled lo particular heading5 they have been allocated to activities on a basis con5151ent with the use of resources. Raising funds These include expenditure associated with impl¢rnenting the objectives of Ihe charity and include both direct and support costs rclaling to Ihcse activity cost5. Charitable Activities These include expenditure associated with iTnpl¢menling the objectives of the charity and include both direct and support costs r¢laling lo these activity costs GovernRnce costs These costs include the cost of the preparation of the slatulory accounts and the costs of Board of Trustee meclings. Tsngible fixed 8$set5 Depreciation is provided al the following annual rHtes in order lo write off each asset over ils cstimated useful life. 10 continued...
WATERU)O UNCOVERED NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED JO APRIL 2024 ACCOUNTING POLICIES- continued Tangible fixed assets Fixtures and fittings Computcr equiproenl 200/0 on cost 250/0 on cost Taxation The charity is exempl from corporation lax on its ¢harilable activiti¢s. Fund accounting Unrestricted thnds can be us¢d in accordance with the charitable objectives at the discretion of the trustecs. 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 fvnds are raised for particular restricted purposes. Further explanation of the nature and purpose of eh nd is included in IhE notes lo the financi 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 oharged lo the Statement of Financial Activities in the p¢riod to which they relate. Creditors and provision Cr¢ditors and provisions are rewgnised where the charity has a present obligalion resulting from a past event that will probably re8uli in the transfer of fvnds to a third party and the amount due to settle the obligation ¢an be measured or ¢slimated reliably. Cr¢dilors and provisions are nornially recognised al their settlement amount after allowing for any trade discounts due Financial Instrnments l) aiid Lasli c iv Cash and cash cquivalenls include cash at banks and in hand and short lerni deposits with a maturity dal¢ of Ihree months or l¢ss. d credi ors Debtors and creditors receivable or payable within 01)e year of the reporting dale are carried at their transaction price. Debtors and credilors 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 fi]ture receipts or payment discounted al a market rale of interesl. Government GrAlIts Governelll grant income relatffing to coronavirus support is recorded in the period to which the claim relate5 and all conditions required have been completed. continued...
WATERLOO UNCOVKRED NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 30 APRIL 2024 DONATIONS AND LEGACIES 2024 2023 Project rclatcd donations General donations 148,625 373,196 210,512 589,747 521,821 00,259 Thc Trust benefits greatly fnim the involvcment and enthu5ia5tiC Sltpport of its many volunteers, details of which are given in our annual report. In accordance wilh FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunt¢¢rs is not recognised in the account5. RAISINC FUNDS Raising donations and legacies 2024 2023 Fundraising 100,248 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 5) Archaeological dig5 & trips Education and outreacl) Veteran Support Programme 195,124 18.430 175,714 389.268 DIREcf COSTS OF CHARITABLE ACTIVITIES 2024 2023 Staff c05t5 Archaeologi¢al dig5 & trips Lducation & Olttreach Veteran Support Programme 197,639 102,892 5254 83,483 220,170 236,780 6,981 147,954 389268 611,885 12 continued...
WATERLOO UNCOVEI RED NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 30 APRIL 2024 SUPPORT COSTS Govemance costs Management Tol&ls Other r¢50urces expended 94,851 2,137 96,9811 In the year ended 30th April 2024 around 75Yo of support costs related to chilable aclivili¢s {2023 - 750/0 The costs transfe]Ted were allocated 50/0 to Outreach & Education (2023 - 50/0 35 /• lo Archaeological Digs & Trips (2023 - 200/0) 350/0 to Veteran Support Programs (VSP). (2023 . 50% The Veteran Support Programme continues to constitute the majority of the charity's work. Support costs, included in the above, are as follows: ManAgem¢nt 2024 Other resources expended 2023 Total activities Staff salaries & related employment costs Social security Pensions Office Costs. administration & contractors Transfer to Charitablc activities Depreciation of tangible and heritage as8els Loss on sal¢ of tangible fixed assets 59.271 &289 1,319 105,0811 (711,1116) 2,700 65,899 5,952 1,539 139,627 (104,72O) 3,343 450 94,851 112,090 Governance costs 2024 Other resources expended 2023 Total activities Independent examination Accountancy and legal fees 1,800 337 1,800 7,297 2,137 9,097 13 continued...
WATERLOO UNCOVERED NOTES TO THK FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 APRIL2024 OTHER 2024 2023 Support costs 96,988 88.687 NKT I]YCOMEI{EXPENDITURE) Net incomel(expenditure) is slai¢d after chargin(Crediting).' 2024 2023 Indcpendent examination Depreciation - owned asse15 Deficit on disposal of red assets 1,800 2,700 1.800 3,343 450 TRUSTKES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023. Tru5tees' expensos There We no Intstees, expenses paid for the year end¢d 30 April 2024 nor for the year ended 30 April 2023. STAFF COSTS io. 2024 2023 Wages and salaries Social security c0515 Other pension costs 237,085 21,156 5377 263,596 23,807 6,157 263.518 293,560 The average monthly number of employees during the year was as follows.. 2024 2023 Operation5 No employees rcceived emoluments in excess of £60.000. 14 conlinu¢d.
WATERLOO UNCOVERED NOTES TO THE FITrIANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 APRIL2024 ii. COMPARATIVKS FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unr¢strict¢d fund Restricl¢d funds Total funds IP4COME AND ENDOWMENTS FROM Donations and legacics 589,748 210.511 800,259 EXPENDITURK ON Raising fvnds 100,248 100,248 Charitable Aetivities Archaeological digs & trips Education 8nd outreach Veteran Support Programme 27,925 6,981 69,814 267.567 14,678 224,920 295,492 21,659 294,734 other 88,687 32.500 l21,187 Total 293,655 539,665 833.320 NET INCOMEI(EXPEIYDITURE) Transfers between funds 296,093 (346,654) (329,154) 346,654 (33,061) Net movetnent in funds (50,561) 17.500 {33,061) RECONCILIATION OF FUNDS Total funds brought forward 113.127 113,127 TOTAL FUNDS CARRIED FORWARD 62,566 17.500 80.066 12. TANGIBLE FIXED ASSETS Fixtur¢5 and fittings Computer equipment Totals COST At l May 2023 Additions 2285 10,483 829 12,768 829 At 30 April 2024 2285 I lJ12 13,597 DEPRECIATION At l May 2023 Charg¢ for year 1.742 457 5,708 2,243 7,450 2,700 AI 30 April 2024 2,199 7,951 10,150 ]YET BOOK VALUE At 30 April 2024 86 3,361 3,447 At 30 April 2023 543 4,775 5,318 15 continu¢d...
WATERLOO UNCOVERED NOTES TO THE FINANCIAL STATEtVlENTS- continued FOR THE YEAR ENDED 30 APRIL 2024 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Social security & other taxes 378 14. CREDITORS.. AMOUNTS FALLif4G DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social securtty and other taxes Pension contributions payable Accruals and defeTr¢d income 729 13,151 677 1,208 1,800 1,030 1,800 3,559 16,836 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds 2023 Total funds UniL'slri¢led fund Reslricled funds Fixed assets Current assets CutTenl liabilities 3,447 52,487 (3,559) 3.447 65,487 (3,559) 5,318 91.584 (16,836) 13.OOQ 52J75 13,000 65?75 80.066 16. MOVEMENT IN FUNDS Net movement in funds At 30.4.24 At 1.5.23 Urtre5tricted funds Generdl fund 62,566 (10,191) 52?75 Restricted fund5 The Main Project (Veteran Support / Summer Excavations) Community Fundraising 17,500 (7,500) 3,000 io,00( 3,000 17,500 (4,500) 13,0011 TOTAL FUIYDS 80,066 (14,691) 65,375 16 continued...
WATERLOO UNCOVERED IYOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 30 APIUL 2024 16. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as frillows.. Inco1ng resources Resources expended Movement in funds Unrestricted funds Gcneral fijnd 373,197 (383J88) (JO,191) Restricted fund5 The Main Project (Veteran Support I Summer Excavations) Adrian Swir¢ (Core Costs) The Edward Gostlin Fund (Core Costs) Community Fundraising 84,005 2D,OQO 25,000 19.619 (91,505) (20,000) (25,000) (16,619) (7,500) 3,000 1411,624 (153,124) (4,$00) TOTAL FUNDS 521,821 (536,512) (14,691) Comparative8 for movement in funds Nel mov¢ment in ndS Transfers between funds At 30.4.23 At 1.5.22 Unrestricted funds General fund 113,127 296.093 (346.654) 62,566 Restri£ted funds The Main Project (Veteran Support I Summer ExvatIonS} Community Fundraising (337,154) 8,000 346.654 9,500 8.000 (329,154) 346,654 17,500 TOTAL FUNDS 113,127 (33,061) 80,066 17 continued...
WATERLOO UNCOVERED NOTES TO THE FINANCIAL STATEMENTS - eontlnued FOR THE YEAR ENDED 30 APRIL 21124 16. MOVEMENT IN FUNDS - continued Comparative nel movement in fvnds, included in th¢ above are as follows.. Incoming resources Resources expended Movemenl in funds Unre5trieted fund8 General fund 589.748 (293,655) 296,093 Restricted funds The Main Project (Veteran Support I Summer Excavations) Adrian Swire (Core Costs) The EdWd Gosilin Fund (Core Costs) Community Fundraising 170,011 20,000 12,500 8,000 (507,165) (20,000) (12.500) (337,154) 8,000 210,51 {539,665) (329,154) TOTAL FUNDS 8OU,259 (833,320) (33,061) 'I'lic &fai[l)d fomierl tlie LIBOR fil This was originally 5e¢ded with funding received from LIBOR lo thrther the charity's work. Since 2022 it hps been funded by other donors. The funding is used lo furth¢r field trips and incr¢&se the number of SPV participants. In addition it funds education and outreach awareness. munil fiiiiilrAisin The Waterloo London to Waterloo Belgium cycle ride is a community ndraising initiative enabling cycling partioipants to raise funds, through donations. Cyclists paid a nominal fee lo cover the costs of the activity. whilst raising funds to support Ihe range ofwaterloo Uncovered programmes 17. RELATED PARTY DISCLOSURES Ther¢ were no relaled party transactions forth¢ year ended 30 April 2024. 18
WATERLOO UNCOVERKD DETAILED sfATEIYICI NT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRtL 2024 2024 2023 JNCOME AND ENDOWMENTS Donations ond legacies Project related donations General donatiotts 148,625 373,196 210.512 589,747 521,821 800,259 Total incominE resources 521,821 800,259 EXPENDITURE Rmising donations and legacies Fundraising 50,256 100,248 Charitable gctivities Staff salaries Social security Pensioris Archaeological digs & trips Education & oulreach Veteran Support Programme 177,814 15,867 3,958 102,892 5,254 83,48J 197,697 17.855 4,618 236.780 6.981 147,954 389,268 611,885 Supporteosts Management Siaff salartes & related employment costs So¢ial security Pension5 oirice costs. administration & Conlraclors Transfer to Charitable aGliviti¢s Fixturcs and fittings Compuler ¢quipmenl Loss oil sale of tangible fixed 8ss¢ts 59,271 5,289 1019 105,088 (78,816) 457 2243 65,899 5,952 1,539 139,627 (104,720) 457 2.886 450 94,851 112,090 CNovernAnce costs Independent examinalion Accountancy and legal fees 1,800 337 1,800 7,297 2,137 9.097 Total resource5 expended 536,512 833,320 Net expenditure (14,691) (33.061) This page does not form part of the statutory financial statements 19