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← Waterloo Uncovered

2025-04-30-accounts

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

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

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 2025

----- Start of picture text -----
Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Cash Flow Statement 9
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11 to 19
----- End of picture text -----

WATERLOO UNCOVERED (REGISTERED NUMBER: 09533851)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025

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 2025. 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 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, beneficiary and public education. The charity was established in 2015 at the bicentenary of the Battle of Waterloo. The charity is able to conduct excavations on the Waterloo Battlefield in Belgium, has developed several highly regarded beneficiary wellbeing support programmes, and continues to educate across the archaeological and wellbeing arena.

Veterans and Serving Military Personnel are the direct beneficiary community, who are offered a unique opportunity to engage with the archaeology of one of the world's most famous battlefields, working with a team of top international archaeologists, experts and students to advance the historical knowledge of the battle and those who fought in it. At the same time, beneficiaries are offered support and encouragement with their health and wellbeing, recovery (from both mental and physical health challenges) education, employment, and vocational skills as well as assistance with the transition from military to civilian life. The nature of Waterloo Uncovered means that beneficiaries can add great value to the project. Their real-life experiences of the military and exposure to conflict means they offer valuable insights to interpretation of the archaeological finds. The diverse range of programmes that Waterloo Uncovered offers, both in person and online, enables an inclusive approach to beneficiary engagement with heritage, demonstrating positive impact in improving wellbeing and tackling loneliness.

Fundamentally Waterloo Uncovered was created to perform three essential aims:

Waterloo Uncovered is a UK based charity, with the majority of beneficiaries benefitting from its support from the UK. However, the charity does have an important international aspect. International beneficiaries, primarily from the modern-day countries that took part at 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 (REGISTERED NUMBER: 09533851)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025

OBJECTIVES AND ACTIVITIES

Significant activities

This financial year (from 1st May 2024 to 30th April 2025) trustees conducted a light touch strategy review. This saw the charity continue with its excavation on the battlefield of Waterloo, but also transition to a new operating model across the full cycle of archaeology, building and evolving the beneficiary wellbeing programmes around the extensive object collection and UK activity. As part of this transition and operational effectiveness, the charity reduced its headcount from six staff to three and moved to a fully virtual business model.

In total, during the year, we supported 50 beneficiaries, uncovered 223 finds and processed 37 objects from our collection, across four wellbeing support programmes as follows:

Future Development

As referenced above, 2024/25 was a year of significant change and transition. The charity responded to a more challenging fundraising environment and set the foundation to extend our reach and inclusivity for beneficiaries and greater public and donor engagement. Waterloo Uncovered continued to prove its ability to effect change in people's lives and to furthering the important archaeological work and understanding of the Battle of Waterloo. Looking to the future, the charity will continue to excavate on the battlefield of Waterloo, but this will now move to every 2-3 years. The focus will be on the full cycle of archaeology - excavate, process, research, interpret and display - alongside embedding our UK and online programmes, such as Finds in the Community and Battlefields Uncovered, and piloting our Exhibition programme.

Waterloo Uncovered will continue to pursue income generation, raising funds to support its activity as well as collaborating with partners and stakeholders in the UK and internationally.

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 Trustees' aim is to ensure that there are sufficient reserves to cover three to six months operating expenses but where this is not possible do not commit beyond available cash funds.

2

WATERLOO UNCOVERED (REGISTERED NUMBER: 09533851)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025

STRATEGIC REPORT

Principal risks and uncertainties

The trustees have overarching responsibility for managing risks to the charity. The charity has a robust process for identifying risks, including major risks, to which the charity is exposed through a comprehensive risk register. Significant areas of risk we are facing include:

The trustees have given consideration to these risks and are satisfied that systems and procedures are established to mitigate wherever possible.

Funding

The charity is dependent on donated funds, including through Grants and Trusts and from Major Donors. The trustees engage with a variety of donors and also ensure programmes do not commence if funding is not in place. We would like to extend our thanks to all our supporters, funders and volunteers during the year.

A particular mention to:

Financial and risk management objectives and policies Financial review

Waterloo Uncovered had £30,211 net income resources, after transfers on unrestricted funds, for the year (2024: £14,691 outgoing). Waterloo Uncovered now has an accumulated balance on unrestricted funds of £41,505 (2024: £52,375), included in those amounts are fixed assets of £1,556 (2024: £3,447).

Restricted fund balances at the end amount to £54,081 (2024: £13,000).

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.

At an Annual General Meeting on 17 January 2025, the trustees agreed two changes to the governing document, amending the maximum number of trustees to twelve, and introducing a new clause exceptionally enabling trustees to be appointed for a period greater than nine years but no longer than twelve.

Recruitment, appointment and induction of new trustees

The charity recognises the value of a Board with diverse skills and experience, determined through regular skills audits and succession planning. New trustees are recruited to maintain a balanced Board, and appointed based on their skills and experience to fill the needs of the charity, and to help achieve the charitable aims. On appointment trustees are offered a comprehensive induction and briefing on the charity and any specific areas of responsibility they fulfil.

3

WATERLOO UNCOVERED (REGISTERED NUMBER: 09533851)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Key management remuneration

The Trustees, who are also directors, are in charge of directing and controlling the charity. All Trustees give their time voluntarily. Day to day operations and management are delegated to the Chief Executive. Staff remuneration and benefits are reviewed annually.

Risk management

The trustees have a duty to identify and review the risks which the charity is exposed to and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

09533851 (England and Wales)

Registered Charity number 1168268

Registered office

First Floor 80 Coombe Road New Malden Surrey KT3 4QS

Trustees

Brigadier G Bibby Major C Foinette (resigned 26.8.24) Maj Gen J Cowan (appointed 14.2.25) P Cawston (resigned 19.1.25) M Mitchell (resigned 7.3.25) Ms R Hall J Hopkins Mrs L Money G Waters (appointed 17.1.25) E Browne (appointed 24.2.25)

Independent Examiner

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

Chief Executive

Abigail Boyle

Website

www.waterloouncovered.com

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Waterloo Uncovered for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

4

WATERLOO UNCOVERED (REGISTERED NUMBER: 09533851)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 9 January 2026 and signed on the board's behalf by:

Brigadier G Bibby - Trustee

5

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 2025.

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 member of the Institute of Chartered Accountants in England and Wales, 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

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

9 January 2026

6

WATERLOO UNCOVERED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 APRIL 2025

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
281,345
EXPENDITURE ON
Raising funds
3
11,762
Charitable activities
4
Archaeological digs & trips
122,735
Education and outreach
13,492
Veteran Support Programme
101,413
Other
7
42,813
Total
292,215
NET INCOME/(EXPENDITURE)
(10,870)
RECONCILIATION OF FUNDS
Total funds brought forward
52,375
TOTAL FUNDS CARRIED FORWARD
41,505		 Restricted
funds
£
144,462
8,400
28,000
500
35,299
31,182
103,381
41,081
13,000
54,081		 2025
Total
funds
£
425,807
20,162
150,735
13,992
136,712
73,995
395,596
30,211
65,375
95,586		 2024
Total
funds
£
521,821
50,256
195,124
18,430
175,714
96,988
536,512
(14,691)
80,066
65,375

The notes form part of these financial statements

7

WATERLOO UNCOVERED (REGISTERED NUMBER: 09533851)

BALANCE SHEET 30 APRIL 2025

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		 2025
£
1,556
3,364
94,043
97,407
(3,377)
94,030
95,586
95,586
41,505
54,081
95,586		 2024
£
3,447
378
65,109
65,487
(3,559)
61,928
65,375
65,375
52,375
13,000
65,375

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees and authorised for issue on 9 January 2026 and were signed on its behalf by:

G Bibby - Trustee

The notes form part of these financial statements

8

WATERLOO UNCOVERED

CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash provided by/(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		 2025
£
28,934
28,934
-
-
28,934
65,109
94,043		 2024
£
(25,646)
(25,646)
(829)
(829)
(26,475)
91,584
65,109

The notes form part of these financial statements

9

WATERLOO UNCOVERED

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 2025

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

Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Other decrease
Increase in debtors
Decrease in creditors
Net cash provided by/(used in) operations		 2025
£
30,211
1,892
(1)
(2,986)
(182)
28,934		 2024
£
(14,691)
2,700
-
(378)
(13,277)
(25,646)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.5.24
Cash flow
At
£
£
Net cash
Cash at bank
65,109
28,934
65,109
28,934
Total
65,109
28,934		 30.4.25
£
94,043
94,043
94,043

The notes form part of these financial statements

10

WATERLOO UNCOVERED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

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...

11

WATERLOO UNCOVERED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025

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.

2. DONATIONS AND LEGACIES

Project related donations
General donations		 2025
£
144,462
281,345
425,807		 2024
£
148,625
373,196
521,821

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.

continued...

12

WATERLOO UNCOVERED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025

3. RAISING FUNDS

Raising donations and legacies

Raising donations and legacies
Fundraising 2025
£
20,162		 2024
£
50,256
4.
CHARITABLE ACTIVITIES COSTS
Archaeological digs & trips
Education and outreach
Veteran Support Programme		 Direct
Costs (see
note 5)
£
150,735
13,992
136,712
301,439
5.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Archaeological digs & trips
Education & outreach
Veteran Support Programme		 2025
£
169,066
71,838
2,721
57,814		 2024
£
197,639
102,892
5,254
83,483
301,439 389,268
6.
SUPPORT COSTS
Management
£
Other resources expended
71,837		 Governance
costs
£
2,158		 Totals
£
73,995

In the year ended 30th April 2025 around 75% of staff and support costs related to Charitable activities (2024 - 75%).

The costs transferred were allocated

The Veteran Support Programme continues to constitute the majority of the charity's work.

continued...

13

WATERLOO UNCOVERED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025

6. SUPPORT COSTS - continued

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

Management

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |Other| |resources|Total| |expended|activities| |£|£| |Staff salaries & related employment costs|51,163|59,271| |Social security|4,131|5,289| |Pensions|1,061|1,319| |Office costs, administration & contractors|54,359|105,088| |Transfer to Charitable activities|(40,769)|(78,816)| |Depreciation of tangible and heritage assets|1,892|2,700| |71,837|94,851| |Governance costs| |2025|2024| |Other| |resources|Total| |expended|activities| |£|£| |Independent examination|1,800|1,800| |Accountancy and legal fees|358|337| |2,158|2,137| |7.|OTHER| |2025|2024| |£|£| |Support costs|73,995|96,988|

----- End of picture text -----

8. NET INCOME/(EXPENDITURE)

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

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Independent examination|1,800|1,800| |Depreciation - owned assets|1,891|2,700|

----- End of picture text -----

continued...

14

WATERLOO UNCOVERED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 April 2025 nor for the year ended 30 April 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 April 2025 nor for the year ended 30 April 2024.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Operations		 2025
£
204,652
16,525
4,244
225,421
2025
5		 2024
£
237,085
21,156
5,277
263,518
2024
5

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

£60,001 - £70,000
11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
373,197
EXPENDITURE ON
Raising funds
33,637
Charitable activities
Archaeological digs & trips
144,607
Education and outreach
18,430
Veteran Support Programme
134,726
Other
51,988
Total
383,388
NET INCOME/(EXPENDITURE)
(10,191)		 2025
1
Restricted
funds
£
148,624
16,619
50,517
-
40,988
45,000
153,124
(4,500)		 2024
-
Total
funds
£
521,821
50,256
195,124
18,430
175,714
96,988
536,512
(14,691)

continued...

15

WATERLOO UNCOVERED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025

----- Start of picture text -----
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£ £ £
RECONCILIATION OF FUNDS
Total funds brought forward 62,566 17,500 80,066
TOTAL FUNDS CARRIED FORWARD 52,375 13,000 65,375
12. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 May 2024 and 30 April 2025 2,285 11,312 13,597
DEPRECIATION
At 1 May 2024 2,199 7,951 10,150
Charge for year 86 1,805 1,891
At 30 April 2025 2,285 9,756 12,041
NET BOOK VALUE
-
At 30 April 2025 1,556 1,556
At 30 April 2024 86 3,361 3,447
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Social security & other taxes 3,364 378
----- End of picture text -----

continued...

16

WATERLOO UNCOVERED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Pension contributions payable
Accruals and deferred income		 2025
2024
£
£
1,072
729
505
1,030
1,800
1,800
3,377
3,559
15.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
fund
£
Fixed assets
1,556
Current assets
43,326
Current liabilities
(3,377)		 Restricted
funds
£
-
54,081
-		 2025
2024
Total
Total
funds
funds
£
£
1,556
3,447
97,407
65,487
(3,377)
(3,559)
41,505 54,081 95,586
65,375
16.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
The Main Project (Veteran Support /
Summer Excavations)
Community Fundraising		 At 1.5.24
£
52,375
10,000
3,000		 Net
movement
At
in funds
30.4.25
£
£
(10,870)
41,505
44,081
54,081
(3,000)
-
13,000 41,081
54,081
TOTAL FUNDS 65,375 30,211
95,586

continued...

17

WATERLOO UNCOVERED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025

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)
Community Fundraising
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
The Main Project (Veteran Support /
Summer Excavations)
Community Fundraising
TOTAL FUNDS		 Incoming
resources
£
281,345
139,062
5,400
144,462
425,807
At 1.5.23
£
62,566
17,500
-
17,500
80,066		 Resources
Movement
expended
in funds
£
£
(292,215)
(10,870)
(94,981)
44,081
(8,400)
(3,000)
(103,381)
41,081
(395,596)
30,211
Net
movement
At
in funds
30.4.24
£
£
(10,191)
52,375
(7,500)
10,000
3,000
3,000
(4,500)
13,000
(14,691)
65,375

continued...

18

WATERLOO UNCOVERED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025

16. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
The Main Project (Veteran Support /
Summer Excavations)
Adrian Swire (Core Costs)
The Edward Gostlin Fund (Core Costs)
Community Fundraising
TOTAL FUNDS		 Incoming
resources
£
373,197
84,005
20,000
25,000
19,619
148,624
521,821		 Resources
Movement
expended
in funds
£
£
(383,388)
(10,191)
(91,505)
(7,500)
(20,000)
-
(25,000)
-
(16,619)
3,000
(153,124)
(4,500)
(536,512)
(14,691)

The Main Fund .

This is funded by a diverse range of donors who contribute to Waterloo Uncovered's charitable activities.

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

Community Fundraising

The Waterloo London to Waterloo Belgium cycle ride is a community fundraising initiative enabling cycling participants to raise funds, through donations. Cyclists paid a nominal fee to cover the costs of the activity, whilst raising funds to support the range of Waterloo Uncovered programmes

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 April 2025.

19