REGISTERED CHARITY NUAIBER: 216619 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR SOCIETY FOR MEDIEVAL ARCHAEOLOGY Bronsens Chartered Certified Accountants Eden House Two Rivers Busine55 Park Iney Oxfordshire OX28 4BL SOCIEfY FOR MEDIEVAL ARCHAEOLOGY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Pag• Rgforgn¢g and Admlnlstratlvo D•taib Rèport of th& Tru$t• Indep•ndent Examln•r'$ R•port Statsm•nt of Flnanclal Actlvltlo$ Balanc• Sheet Motes to the Flnanclal Ststsments 6 to B D•tsiled Stst•m•nt of Flnan¢Oal Aetivitios SOCIETY FOR hlEDIEVAL ARCHAEOLOGY REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES Prof G Noble Prof J D Ri¢hard8 Dr H Ferwlick Prof S Ooslhvizen COUNCIL MEMBERS Pr•sldenl- Prof S J Sernple Honorary Treasurer- Dr H Fen￿ck Honorary Secretary- Prof M Lew8 PRINCIPAL ADDRESS clo Unlversty of Hull Cotbngham Road Hull HU6 7RX REGISTERED CHARITY NUMBER 216619 INDEPENDENT EXAMINER Bronsens Chartered Certlfied Accountants Eden House Two Rivers Busines$ Park wrtney Oxfordshire OX28 48L Page 1 SOCIETY FOR MEDIEVAL ARCHAEOLOGY REPQRT OF THE TRUSTEES FOR THE YEAR ENDEO 31 MARCH 2025 The trusteas present their report with the financial statements of the charity for the year ended 31 March 2025. Thè Iruslees have adc*pted the provisions of Accountin9 and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing theii aGcounl8 in accordance wlh the Financial Reporting Standard applicable in the UK and Republ1¢ of Ireland IFRS 1021 leffeclive 1 January 20191. OBJECTIVES AND ACTIVITIES Obl8ctlvas and aim$ The objective of the So¢iety is the furtherance of the study of unwrillen evidences of Brrtish history Since thè Roman period by the publicab'on of a loumal and in any way th81 may be approved from ￿me to lime by the Council. Significant activiti•s The society exists to further the study of the period from the 5th lo the 16th century A.D. by publishing a joumal of international standing dealing primarily with the archaeological evidence, and by other means such as by holdin9 regular meetings and arranging conferenGes. Wthile maintsining a special concern for the medieval archaeology of Britsin and Ireland, the society seeks lo support and advance the intemational study of this period las broadly defined above) in Europe. It also aims to setve as a medium for Co-ordinating the work of arGhaeologislg with that of historians and scholars in any other discipline relevant lo this field. ACHIEVEMENTS AND PERFORMANCE Charitsbl• activiti•s The society has published the annual journal, Meilieval Archaeology and has also publi$hed a monograph series. Annual excavation summaries are reportgd in 'fiAedieval Britain and Irdand,. These publications are produced with the aim of extending our knowledge of the medieval period in Britain's history. Th8 work of the society is now morè vjidely publicised on our website - www.medievalarchaeolcgy ¢o.uk. FINANCIAL REVIEW Invostment poli¢y and obj•ctlv88 The investment powers are as staled in the Conslitulion. The Society does not hold any investments currently. FUTURE PLANS The society's website IvApJw.medievalarchaeology.co.ukl contalns detslls of future conferences and publications. STRUCTURE, GOVERNANCE AND MANAGEMENT Govgrnlng docum•nt The charity is controlled by its governlng document, a deed of Irusl and conslilutes an unincorporated Approved by order of the board of INslees on 202ts and signed on ils behalf by.. Prof J D Richards- Trustee Page 2 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOCIETY FOR MEDIEVAL ARCHAEOLOGY Ind8pond&nt èxaminor's report to th• trusto0$ of So¢iety for Modlev•l Archaeology I report lo the charity Iruslees on my examination of the accounts of SocAety for Medieval Archaeology {thg Trust) for the year ended 31 March 2025. Responslbllitres and basis of report As the charity trustees of the Trust you are responsible for the preparation of the a¢￿Unts in accordance wlh the requirements of the Charities Ael 2011 Ilhe Act'l. I report in r8spe¢l of my examination of the Trust's accounts carrfed out under Section 145 of the Act and in carying out my examinalton I have followed all applicable Oireclions given by the Charity Commission under Section 14515llbl of the Act. Indepondont oxaminfrr's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination glvlng me cause lo believe that in any material respect.. accounting records were not kept in respect of the Trust a5 required by Section 130 of the Act,. or the 8¢counls do not accord Mrilh those records,. or the accounts do not comply wf(h the applicable requirements con¢eTning the form and content of accounts sel out in the Charities (Accounts and Report81 Regulations 2008 other than any requirèmènt that the accounts give a tru¢ and fair view vthich is not a matter considered as part of an independent examination. I have no concerns and have come aGros$ no other matters in connection 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. fJ£_ Philip J Burton Bsc FCA Brtsnsens Chartered Certified Accountants Eden House Two Rivers Business Park Wilney Oxfordshire OX28 4BL Dale.. Page 3 SOCIETY FOR MEDIEVAL ARCHAEOLOGY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 Total funds 31.324 Total funds Unreslriclod Re$lri¢ted funds fundg Notes INCOME AND ENDOWMENTS FROM Donation5 and lega¢ies 56,792 56,792 48,895 Investment income 3,350 2,916 Total 60,142 60,142 51,811 EXPENDITURE ON Charltablo actlvlti6s Membership and journal Conferences and events Researth grants 13,603 8.178 13,603 8,178 4,766 16,025 6.430 4,602 4.766 Other Total 40,490 4,766 45,256 38.750 NET INCOMEIIEXPENDITUREI 19,652 {4,766) 14.886 13,061 RECONCILIATION OF FUNDS Tolal funds brought forward 226,530 19,601 246.131 233.070 TOTAL FUNDS CARRIED FORWARD 246,182 14,835 261.017 246,131 The notes form part ofthese financial Statements Page 4 SOCIETY FOR MEDIEVAL ARCHAEOLOGY BALANCE SHEET 31 MARCH 202S 31.3.25 Total fund8 31.3.24 Total funds Unre81ricted Restricted nds funds Notes CURRENT ASSETS Debtors Cash at bank 1,947 246 875 1,947 261,710 251051 248.822 14,835 263,657 251,051 CREDITORS Amounts falling due within one year 12,640) 12.640) 14,920} NET CURRENT ASSETS 246,182 261 017 246 131 TOTAL ASSETS LESS CURRENT LIABILITIES 246,182 14,835 261,017 246,131 NET ASSETS 248, 182 14.835 261017 246,131 FUNDS Unreslricled funds Restricted funds 246,182 226,530 19,601 TOTAL FUNDS 261,017 246 131 The anci I slalemenls were approved by the Board of Trustees and aulhorised for issue on 202.6........... and were signed on ts behalfby.. Prof J D Richards- Tru81ee The notes fom part of these financial statements Page 5 SOCIETY FOR MEDIEVAL ARCHAEOLOGY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparlng the financlal Statemènts The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance wrth the Charities SORP {FRS 102) 'Accounting and Reporting by Charities.. Stslement of Recommended Practice applicable to ¢haritiè$ p￿parIng their accounts in accordance th the Financia1 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 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 siatemenlg have been prepared under the historical Cost convention. Income All income is recognised In the Statement of Financial Activities once thé charity has enlitlement lo the funds, f( is probable that the in¢ome will be received and the amount can be mèasured reliably. Expenditurè 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 wll be quired 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 lo the Category. Wkere costs cannot be directly attributed to particular headings they have been allocated lo activities on a basis ¢on$istenl vAth the use of resources. Grants offered sublecl lo conditions which have not been mel at the year end dale are noted as a ommilment but not accrued as expenditure. Govemance costs Administration expenses include all expenditure not related lo the charitable activity or lund raising venluro5. Taxatlon The charity is exempt from tsx on ils charitable activities. Fund accounting Unrestricted funds can be used in accordance wilh the charitable objectives at the dis¢ro1ion of the trustees. Restricted funds can only be used for particular restricted purposes wlhin the objects of the charity. Restrictions arise when specbfied by the donor or when funds are raised for parb¢ular restricted purposes. Further explanation of the nature and purpose of each fund 18 induded in the notes to the financial slalemenl$. INVESTMENT INCOME 31.3.25 31.3.24 Deposlt account int8rest Page 6 continued. SOCIETY FOR MEDIEVAL ARCHAEOLOGY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES. REMUNERATION AND BENEFITS There ￿Ere tru$tees' remuneralion ￿ other benefits lor the year ended 31 March 2025 nor for the year ended 31 March 2024. Trusts•s' oxpèn3eB There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. DEBTORS: AMOUNTS FALLING DUE WITHIN OME YEAR 31.3.25 31.3.24 Publlcalion ¥oles CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 AccNed expenses 2,640 MOVEMENT IN FUNDS Nel movement in funds At 31.3.25 At 1.4.24 Unrestricted fund$ General fvnd The Fletcher Fund 184,762 19,652 204,414 226.530 19.652 246,182 Restrictsd funds Sudreys Fund Medieval Europe Bursary 8,179 8,179 4,766 19,601 TOTAL FUNDS 246 131 14,886 261,017 Net movement in fijnds, included in the above are as follows-. Incoming resources Resources expended Movement in funds Unrèstrrcted funds General fiJnd 60,142 140,490) 19,652 Restrl¢tsd funds Medieval Europe Bursary 14.7fj6) 14.7661 TOTAL FUNDS 60,142 45,256 Page 7 ¢On￿nUed... SOCIETY FOR hlEDIEVAL ARCHAEOLOGY MOTES TO THE FINANCIAL STATEMENTS - continuod FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS- contlnu•d Comparativas for movemont in funds N81 movement in funds Al 1.4.23 31.3.24 Unre$trl¢t•d funds General fund The Fletcher Fund 171,701 41,768 13,061 184,762 213,469 13,061 226.530 Restrfctsd fund8 Sudreys Fund Me