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 un￿Stricted 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 Fll￿w 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 prepa￿d 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 e￿nOMiC 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 e￿h ￿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
Govern￿elll 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 ch￿ilable 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 r￿ed 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..
Inco￿1ng
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 Ex￿vatIonS}
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 EdW￿d 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