REGISTERED CHARITY NUMBER: 216619 REPORT OF THE TRUSTEES AND UNAuDED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR SOCIETY FOR MEDIEVAL ARCHAEOLOGY Bronsens Chartered Certlfied Accounlanls Eden House Two Rlvers Business Park Witney Oxfordshir8 OX28 4BL
SOCIETY FOR MEDIEVAL ARCHAEOLOGY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Refgrence and Adminlstrative Dota118 Raport of tho Trustags Independent Examln•rfs Roport Statement of Flnanclal Acuvltlos Balance Sheet Notes to the Flnanclal Statements Detalled Statement of Flnandal Actlvltles
SOCIETY FOR MEDIEVAL ARCHAEOLOGY REFERENCE AND ADMINISTrATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES Prof G Noble Prof J D Richards Dr H Fenwick Prof S Ooslhuizen lappoinled 4.12.23) COUNCIL MEMBERS President- Prof O Creighton Honorary Treasurer- Dr H Fenck Honorary Secretary- Prof M Lewis PRINCIPAL ADDRESS clo Unlverslty of Hull Cottlngham R08d HU6 7RX REGISTERED CHARITY NUMBER 216619 INDEPENDENT EXAMINER Bron5en3 Chartered Certrfied Accountants Eden House Two Rwers Busines5 Park Witney Oxford5hire OX28 4BL Page 1
SOCIEfY FOR MEDIEVAL ARCHAEOLOGY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees present thelr report ¥Mth the financial statements of the charity for the year ended 31 March 2024. The Iruslees have adopted the provisions of Accounting and Reporting by Charities: Slalemenl of Recommended Praotice applicable to charilios preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of I land IFRS 1021 leffeclive 1 January 2019} OBJECTIVES AND ACTivrriES Objectlves and aims The objective of the Society 15 the furtherance of the study of unwrillen evidences of British history 8inee the Roman period by the wblication of a journal and in any way that may be approved from time to time by the Councll. Slgnificant aGtlvltl The society exists to further the study of the period from the 5th lo the 16th century A.D. by publishlng journal of inlemational standing de?ling primarily with the archaeological evidence, and by other means such as by holding regular meetings gnd arranging ¢onfergnG8s. While maintaining a special concern for the medieval archaeology of Britain and Ireland. the society seeks lo support and advance the international study of this period las broadly defined above) in Europo. It also aim5 to seNe a5 a medium for ccpordinaling Ihe work of archaeologists with that of historians and scholars in any other discipline relevant lo this field. ACHIEVEMENT AND PERFORMANCE Charitable actlvltles The society has published the annual journal, Medieval Archaeology and has also published a monograph series. Annual excavation summaries are reported in 'Medieval Britain and Ireland,. These publications are produced with the aim of exlending our knowledge of the medieval period in Britain's history. The work of the society is now more wdely publicised on our website - www.medievalarchaeology.co.uk. FINANCIAL REVIEW Investment pollcy and objectlVOS The investment powers are as stated in the Conslilution. The Society does not hold any investments currently. FUTURE PLANS The sociells website {www.medievalarchaeology.co.uk) contains details of future conferences and publications. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by ils 9)verning document, a deed of trust and con81ilules an unincorporated charity. Approved by order of the board of trustees on ....... 201 . and signed on its behalf by.. f J D Richards- Trustee Pagè 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOCIETY FOR MEDIEVAL ARCHAEOLOGY Independent examlnor's raport to the trustees of Soclety for Médiéval Archaeology I report lo the charity Iruslees on my examination of the accounts of Society for Medieval Archaeolo9y (the Trust} for the year ended 31 March 2024. Responslbllities and basis of report As the charity Iruslees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'Ihe Act'}. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carylng ovl my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llb) of the Act. Independent examlneff8 Statement I have completed my examination. I confirm that no material matters have come to my attention in connecllon with Ihe examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by Section 130 of the Act., or the accounts do not accord with th08e records,. or the accounts do not comply with the applicable requirements concerning the form and content of accounts sel out in the Charllie5 (Accounts and Reports) Regulatlons 2008 other than any requirement that the accounts 9ive a true and fair view which is not a matter ¢on$iéered as part of an Independent examinatlon. I have no concerns and have come across no other mallers in conneGtion with the examination to whlch attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Philip J Burton Bsc FCA Bronsens Chartered Cortified Accountants Eden House Two Rivers Business Park Witney Oxford5hire OX28 4BL Date.. Page 3
SOCIETY FOR MEDIEVAL ARCHAEOLOGY STATEMENT OF FINANCIAL ACTWITIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 Total fund$ 31.3.23 Total funds Unre51ricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 48,895 48,895 53,381 Investment income 2.916 2.916 907 Total 51,811 51,811 54,288 EXPENDITURE ON Charltablo adlvltlos Membership and journal Conferences and events Res8arch grants 16.025 6,430 4,602 16,025 6,430 4.602 26,196 10,900 7,728 Other 11,693 13,426 Total 38,750 38,750 58,250 NET INCOMEI{EXPENDITURE) 13.061 13,061 (3,962} RECONCILIATION OF FUNDS Total funds brought fOard 213,469 19,601 233,070 237,032 TOTAL FUNDS CARRIED FORWARD 226.530 19,601 246.131 233,070 The note5 form part of these financial statements Pago 4
SOCIETY FOR MEDIEVAL ARCHAEOLOGY BALANCE SHEET 31 PJlARCH 2024 31.3.24 Total fvnds 31.3.23 Total funds Unreslricled Restricted funds funds Notes CURRENT ASSETS Cash al bank 231,450 19,601 251,051 235,290 CREDITORS Amounts falllng due wilhln one year 14,9201 {4,920) (2,220) NET CURRENT ASSETS 226.530 19,601 246.131 233 070 TOTAL ASSETS LESS CURRENT LIABILITIES 226,530 19.601 246,131 233,070 NET ASSETS 226,530 19,601 246 131 233.070 FUNDS Unrestricted funds Restricted funds 226,530 19,601 213,469 19,601 TOTAL FUNDS 233,070 The fi ncia statements were approved by the Board of Tnjslees and aulhorised for issue on
.Q2.C........ and were signed on its tehalf by.. of J D Richards- Trustee The notes fomi part of these financial statements Page 5
SOCIE FOR MEDIEVAL ARCHAEOLOGY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Ba818 of preparlng the flnanclal glatements The financlal slalemenls of the charity. which is a public benef(t entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021 '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 1021 {effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income Is recognised in the Statement of Financial Aclivilie8 once the charity has entitlement to the funds, il is probable that the income will bo received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a lègal or conslruclive obligation committing the charily lo that expenditure, il is probable that a transfer of economic benefits will be required in setuernenl and the amount of the obligalion can be measured reliably. Expenditure is acwunled for on an aG¢ruals basis and has bgen classified under headings Ihal aggregate ?11 Cost related to the category. Where Gosts cannot be dire¢lly attributed lo particular headings they have been alloGaled to xlivilies on a basis consistent with the use of resources. Granls offed subie¢l to conditions which have not been met al the year end date are noted as a commitment but not accrued as expenditure. Governance costs Adminislralion expenses include all expenditure nol related to the charitable activity or lund raising ventures. Taxation The charity is exempl from lax on ils charitable a¢livilie5. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Reslricled funds can only b8 used for particular restricted purposes within th8 objects of the charity. ReslriclDns arise when specified by the donor or when funds are raised for particular reslricled purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial slalemenls. INVESTMENT INCOME 31.3.24 31.3.23 Deposit account interest 2.916 Page 6 continued...
SOCIETY FOR MEDIEVAL ARCHAEOLOGY NOTES TO THE FINANCIAL STATEMENTS - contlnu FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES. REMUNERATION AND BENEFrrs There were no trusteès. remuneration or other b8n8fils for th8 year ended 31 March 2024 nor for the year ended 31 March 2023. Trusteos. expenses Thwe We no Iruslees, expenses pald for the year ended 31 March 2024 nor for the year ended 31 March 2023. CREDITORS: AMOUNTS FALLING DUE MTHIN ONE YEAR 31.3.24 31.3.23 A¢¢nJed expenses 4,920 2,220 MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unr•strlctéd funds General fund The Fletcher Fund 171,701 41,768 13,061 184.762 41,768 213,469 13,061 226,530 Restrlcted funds Sudreys Fund Medleval Europe Bursary 8,179 11,422 8.179 11.422 19,601 TOTAL FUNDS 233 070 246,131 Net movement In furKls, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrlctgd fund8 General fund 51.811 {38,7501 13,061 TOTAL FUNDS 38 7501 Page 7 continued..
SOCIETY FOR MEDIEVAL ARCHAEOLOGY NOTES TO THE FINANCIAL STATEMENTS - ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS- continuèd Comparatlves for movement In funds Net movement in funds At 1.4.22 31.3.23 Unrestricted funds General fund The Fletcher Fund 175,663 41,768 (3.962) 171,701 41.768 217,431 13,962) 213,469 Restrlcted funds Sudreys Fun Medieval Europe Bursary 8,179 11,422 8,179 11,422 19,601 19,801 TOTAL FUNDS 237,032 233,070 Comparallve net movement In funds. Included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted fund8 General fund 54,288 (58,250) 13,9621 TOTAL FUNDS 54,288 RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2024. Page 8
SOCIETY FOR MEDIEVAL ARCHAEOLOGY DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donatlons and lègaciès Donatlons and grants Subscriptions Conferences and events Royalties 2.725 18,081 103 27,986 4,524 43,297 48,895 53,381 Investment Tncome Deposit account interest 907 Total in¢oming resources 51,811 54.288 EXPENOITURE Charltable actlvltles Journal printing costs Publiclty and conference ¢osts Prlzes awarded ResearGh grants 15,925 6,430 100 26.096 10.900 100 7.728 27,057 44,824 Support costs Governance costs Auditors, remunerallon Editor's expenses Committee and AGM costs Bank charges 2,700 8,688 278 27 2,220 10,331 839 36 11,6g3 Total resources expended 58,250 Net Incomellexpendhure> 3,962} Thls page does not form part of the statutory financlal slalements Page 9