2021-03-31-accounts

Annual report 2021

www.norfarchtrust.org.uk

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The church of St Edmund
at Caistor Roman Town.
Photo: Nick Stone 2021
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Impact of the Pandemic

It has been wonderful, in the last few months to see the return of guided tours, events and school/education group visits across NATs sites. The restrictions bought about by the Covid pandemic has meant that these activities have been on hold.

Earlier this year NAT successfully

visits and we were able to run an event at Caistor Roman Town and the popular Heritage Open Days. The pandemic has bought more visitors to our sites as people enjoyed getting outdoors and this trend has continued since the restrictions have lifted. However, with more visitors comes the cost of more regular maintenance, plus additional issues with litter, anti-social behaviour, criminal damage, and theft.

achieved the ‘We’re Good to Go’ Industry Standard mark demonstrating that we had adapted to ensure that we were in line with respective Government and public health guidance. Once we had a COVID-19 risk assessment in place, we were able to allow guided tours to return – albeit in small, prebooked groups only.

As the year has continued, and always following public health guidance, we increased our guided tours, saw a return of a small quantity of education group

We have been working closely with Historic England and the Norfolk Constabulary to manage these challenges.

Heritage Open Days

This year we ran Heritage Open Days at four of our sites supported by local volunteers.

At Caistor Roman Town, Caistor Roman Project volunteers ran guided tours entitled ‘What was it like living at Venta Icenorum?’.

Norfolk Archaeological Trust volunteers also ran similar guided tours at Burgh Castle Fort and St Benet’s Abbey.

We also ran a special talk on the apple and pear trees at Fiddlers Hill Barrow, which was successful, albeit very wet.

Conservation work St Benet’s Abbey

A condition survey in 2020 identified a package of conservation works required to consolidate the flint walls to stabilise and protect the masonry on the church ruins at St Benet’s Abbey. We were fortunate enough to be awarded an Historic England Grant - Covid-19 Emergency Heritage at Risk Response Fund to enable the repairs to be completed during 2021.

Much of the damage to low lying walls had been caused by visitors climbing on the ruins, but also taking flints to create a cairn on the altar. There was a risk of losing the surviving 15th century flushwork on the north exterior wall.

Conservation repair work took place throughout the warmer months of the year and is now completed. These works included cutting or treating and removing invasive vegetation from masonry, brushing off loose and spalled mortar and carrying out consolidation as required to stabilise and protect masonry, re-setting loose or missing flints, and re-pointing.

There has also been an extension to the windmill rainwater chute, to encourage the water to fall away from the brickwork. NAT is very grateful to Historic England for their Covid-19 Emergency Heritage at Risk Response Fund.

St Benet’s Abbey church ruins and cross.

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New Steps coming soon at Caistor Roman Town

Scheduled Monument Consent (SMC) has been granted for the construction of approximately 10 steps.

This will provide improved access from the kissing gate located at the bottom of the moat or ditch adjacent to the entrance track to Caistor St Edmund Parish Church just off Stoke Road.

We are grateful to South Norfolk District Council who are funding the steps through our management agreement. These steps will make public access easier, particular during the winter months.

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Looking west across
Caistor Roman Town.
Photo: Nick Stone 2021
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Changing faces at NAT

It has been a year of change for NAT. Director Caroline Davison left us earlier this year, to concentrate on her writing career. Natalie Butler took over from Caroline having previously worked for NAT as the Volunteer Co-ordinator.

work in the last year and we wish her well for the future.

Jules Armour joined us in April as the new Volunteer Co-ordinator. Sadly, Helen Evans – our Administrator is leaving us at the end of November, we thank her for her hard

We are also saying a sad goodbye to Heather Bolt. Heather has been a Trustee

of NAT for 18 years – her knowledge, enthusiasm and creativity has been a tremendous support. We thank her for her time and dedication.

In early 2022, we will be recruiting for new Trustees to join NAT. If you fancy a new challenge and have time and experience to join us, please do get in touch.

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An aerial view of Burgh
Castle Fort.
Photo: Debra Stokes 2018.
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Burgh Castle Fort Car Park

One of NATs strategic aims is to “Develop a sustainable business model through greater entrepreneurship, improved financial management and rejuvenated governance.”

The Onwards and Upwards project highlighted that a new stream of revenue which could seriously support our charitable work could be introducing car parking charges at some of our sites. This year we have conducted local public consultation regarding our proposal to introduce car parking charges at the Burgh Castle Fort car park. Taking on board comments we

received, we have now submitted a planning application to Great Yarmouth Borough Council for the installation of a pay machine, ANPR camera and associated signage. The feedback, an example of which is shown here, focused on ensuring the charges were reasonable, and included an opportunity for local, regular visitors to be able to purchase a yearly permit.

“I think it’s important to preserve the site and if charging for parking is one way to raise money for this, then reluctantly I would agree you have to go ahead. I think the charges seem reasonable compared to other places and the good standard of the carpark.”

We are hopeful for a decision in early 2022. Being able to introduce car parking charges at this site will make such a huge difference to what we will be able to achieve.

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Launched at Burgh Castle Fort and Caistor Roman Town, followed by St Benet’s Abbey, the role of these volunteers has been to engage with visitors during the peak months. Sharing their knowledge of the history of the sites and the wildlife who call it home, these new volunteers have also been part of the strategy to increase a visible NAT presence across sites.

As part of their role, they have been asked to advise the public on how to help us care for these special places, which includes taking litter home and not to climb on the ruins. Out Meet & Greet volunteers are part of our reporting mechanism looking out for metal detecting and anti social behaviour. As we end the summer season and the role stands down for the winter, we will review the role with regards to 2022.

Initial feedback from volunteers and visitors is that the public are pleased to see volunteers on site and are happy to have the opportunity to talk to NAT – whether that be questions or to provide feedback. The aim is that this role becomes an established part of the NAT volunteer team, and one that can be rolled out to other sites as visitor numbers require.

Heritage Crime Awareness and Family Fun event at Caistor Roman Town

The Heritage crime awareness event was moved from July to September to avoid the extended covid restrictions.

It was a very successful day, and many organisations came along to support us including Norfolk Constabulary, the RSPCA, Portable Antiques Scheme and the Norfolk Wildlife Trust. Guided tours of the Roman Town were run throughout the day, there were children’s activities, a trail, and an artist in residence. We sold guidebooks, recruited volunteers and raised the awareness of NAT. Many thanks to all the volunteers and organisations which supported us on the day.

Norfolk Archaeological Trust - Trustee Role Profile

Would you like to apply to be a Trustee of NAT?

As a Trustee you will bring leadership skills, knowledge and experience, independence and objectivity of judgement. Your role includes:

• To act as an ambassador for NAT, opening doors and making introductions.

• To help shape the strategies and associated plans; to highlight issues of importance or concern that should be reflected within them; and once set, to challenge and support their delivery.

• To debate major issues affecting NAT.

• To act as a critical friend to NAT including reviewing performance against an agreed set of performance indicators.

For a Trustee Recruitment Pack – please get in touch with Natalie – [e-mail]

Keeping in touch

We will always be pleased to hear from members about any aspect of the Trust’s work, especially if you are interested in volunteering at one of our sites. Email: [e-mail]

You can also follow us on social media:

Twitter: @NorfArchTrust,

Instagram: norfolkarchaeologytrust

Facebook: facebook.com/NorfArchTrust

facebook.com/burghcastlefort facebook.com/stbenetsabbeynorfolk

We also regularly update the website news and events pages www.norfarchtrust.org.uk.

Text and photographs by Natalie Butler unless otherwise stated. Design by Nick Stone at Starfish http://www.starfishlimited.co.uk

The Norfolk Archaeological Trust la company limited by guarantee) Annual Report and Financial Statements Year ended 31 March 2021 Company numL%f 191668 Chanty nun**r 274604

The Norfolk Archaeological Trust la company limited by gu3rantÈÈl Annual Report and Finan¢lal Statements Year ended 31 March 2021 Contents Legal and adrnini51ratN8 infotmatityi Report of thre¢tor and CL¥J￿1 lkn)e 24 Report of Ihe lTrJeFerKleTht ExanN Slatement of finanaal actMts5 lir￿￿¥4 $unJThry inccffje atxl expendbture ac£omti Stateffent of financial Notes forming part ofthe finantsal $tale￿ts &13

The Norfolk Archaeologlcal Trust Annual Report and Financial Statements Year ended 31 March 2021 Legal and admlnlstrdtlve inforn)ation Charity name The Norfolk Ar￿a￿￿gical Trust Charity registration number 274eiM Company regtslralton number 191668 Registeied office Castk Chambers Opie Street Norw NRI 3DP Opeiation81 address S Fra￿>S Road Long Sltatlon Norfdk NR15 2XT Trustses Mr N D Balaam Mrs H A Boll Mr P G Foster Mr P B Griffilhs MBE Mr H J Kilvert Dr J M Lesler Mr M T Martin MBE Piof. E M Pye Mr J M &"sson Ichaimianl Prol. O H WarTrxk Trustees a￿ referred to as'council Members.. All Truslees are Directors. Co-Directors Ms C Davison (resigned January 20211 Mrs N Butler lapwinted February 2021) Company sterttsry Mis H Evans Bankers CAF 8ank Lld 25 Kings Hill Avenue West Malling Kent ME194JQ Solicitors Cozens-Hardy LLP Op* Street Norwich NR13DP Independent Examiner Joanne Fox FCA Larking Gowen LLP 15 Uppei King Streel NR3 1RB

The Norfolk Archaeologlcal Trust Report of the Director and Council Membern Yearended 31 March 2021 The Direclor and Courtl Members present their reF￿r1 and Ihe finanaal ststernents for year eThJed 31 Marth 2021. Structure governance and management Goveming document The organi8ation Is a th3iTtable c(Knpany (he￿after ￿ferred to as th2 Tll￿tI. lirnited by guarantee. inwwrated on 31 July 1923 and registered as a Larity on 7 April 1978. The c(Nmpany was established un(r a MemoraThYum orAssociat￿n which estsIA￿he[ts the (4e¢ts and p)prs of the oynpany an¢J is govemed under ils ArtirJe5 of Ass(tiation. In the eTrAII of the ujmpany beiThJ wound up ihe rTmbe@ a￿ reqtsired to contribute aTh arrK)vTht not exceeding £1. Appolntment of Council Members Under the terms of the Memorandum aThJ Arltdes ol nvwthJn(il kmbws may be appO￿ted al any tirre. subjerl ¢0 re￿tIOn at the next AGM. ￿￿nkn￿nI ts aL80 to the Trust's RecwitfneTrt a￿1 polw. Council Member inductstsn and tralnlng New Council Mernbers are brfl on their ￿gaI d)IYa￿"0nS undet tharrty law. the ￿fttent ofthe Vanofandum and ArtKles of Assouabon and recent financrdl ￿rtOM)8n￿ of the Tntst. as part ol Ihe ag￿ed induction pro￿$$ Counal a￿ encouraged lo allend appropriate extemal trauiirwj events where these will facililale ts undertaking of their role. Oryanb5ation The Membe[5 of Ihe Cou￿￿1 administer Trust. Courol meets quarterfy. M5 C Davts￿ has been apwnted by the cou￿1 Members to manage Ihe ¢Jay to day operations of Tn￿1. To faGilrtalÈ ÈffectNe operations, she has de￿ated aut￿rIty. ithin the lerrns ol dekgalKTrn approved by the Counal Members for operabonal matters indudia9 projed a￿1￿1￿ and ffinan￿. In January 2021. Ms C Davison resigned a￿¥ Mrs N But￿rwa$ appointed a director in Febnjary 2021 aThJ tcanE ￿SpOn￿b￿ for managing the adivities of Trust. Objectives and prfjnclpal a¢tlvities The prirnary objecaive ofthe T(usl is to arKI fosterlhe disco¥ery. excavatKJn. preservatK)n, feLx)rding and study of sites and oty"e¢ts of arc8eol(NJical ￿ htstori(al inporta[￿ wilhin cthnty of Norfolk for the public benefrt. The prinrjpal activitw ol the Tru￿ conts"nL to man￿em&￿t aThJ maffiteTranc ofits pryrts for publi¢ a￿SS. Rlsk management The Council v￿mberS have examird the major stralegic, bustEss armj operats.onal risk5 the Trust faces and have produced a dorAJment sets out the syslems and pro￿ureS to mitwJate major rBks. The strategy also indudes pro￿ureS to minuntse the impad on the Tru51 shwkl those risks materialise. This po4icy is revEwed biannualty. Public benefit TfE Directors Counril Vembets confiwm Ihat. in exercasiro IheirF<A4Ets aThJ dut￿$. they have cx)mpl th Ifirduty to have regard lo the gupjance publ￿ tr*nefrt publthed by the Chanty Corrfflissb)n.

The Norfolk Archaeological Trust Report of the Directors and Council Members (continued) Year ended 31 March 2021 Achievements. perforniance and future plans Review of activitie3 and perfonnance The Trust continued to manage its archaeological sites. A more detailed review of projecls can be found in note 14 to the accounts and in the 2021 Spring Newsletter avaiiabk on our website. A surrmry is given below.. In January 2021. Ihe Trust's Director. Caroline Davison, lor the lasl wx years. stood down to cA)n￿n1[ale on hèr writing career. Caroline has wyked tirelessty lor the Trust. and her enthusiasm. de(li(zb"on and organisational skills will be g¥e8tly rnissed. Due lo the Covid-19 pandemic. the Trust's guided tours were paused and events cancelled whith resulted in limited opporiunities for lundr8ising. although an Online Fete was njn provided some income and raised the chariws profile and objectNes onlhne. in a new diqilal lormal. Over the p8St three years the Bur9h Castle Almanac ptoFct, led by the Resloration Trust, has been supporting people who experien￿ mental illness through a creabve approa¢ tts expknring the h￿tOry and landscapes of the Roman Fort. Due to the lock-down the fflonthly mindfulness walks. talks wlh experts etc. (xme to a hall. The group have found ways of keeping in touch through l￿M ￿et￿9$. facebook and phor calls aiKI their success has been used as a national case study by the NationJ Lottery. This projecl is nearin9 (xsmpletion, bul there is potential for ils format to be used again al olhei NAT srtes. W by the Restoralion Trust. Due to the pandeffltc the annual Heritage Open Days nThied online. v￿unteerS from Burgh Caslle, St Benefs Abbey and Bijmham Norton Friary created short videos ￿ttt slories. and the h"ts1￿ of the sites wh￿h was uploaded online. These weie very Fy)pular and uealed a reach of over 14.IYJJ people. In line with the slrategic plan. the post of volunteer C￿ordInatOr vras su￿$S1U1￿ put in pla¢x. and has been a huge help in developing volunteer surrfK)rt at our siles_ A new guide book lor Caistor Roman T(Mn vrds produced and published funded by extemal grarhts and a legacy. Plans for future periods - year. CovKI-19 restrid•)ns pem)rtting. Run by volunteers Heritage Open Days will be ooih online and in ￿ thi. it feal(Jre St Benel's Abbey. Burgh Caslle, Caistor Roman Towr, 8nd Fiddlers Hill. As a resull of the pandetnic all activrties suth as guided tours and fundrnisir￿ evenls have been put on hold. How&vèr, as easing of restrictions continues rt is hoped that 9UKled tours wll re￿mnn￿. In line wth the strategic plan, it is hoped thal the car parking charges can be inttoduced al Burgh Castle and Caistor Roman Town. Works to consolidale Sl Benel'$ Abbey ruins, furKled by the NLHF Ibill ￿ done. School visils wll recomrrEnce when permitted. An outdoor event. focused on raising Ihe Wdreness ol the imp of Heritage Crin. is planned for July 2021. Covid festriiaions p8rmitting. Financial review Princlpal funding sources In the current year the Trust has received grants from OEFRA under its AgTren¥ironment Sthemes and from the RPA under its Basic Payment5 SrJ)eme. In addrtion Englk8h Heril89e. and varw)us local authorities have Pfovided lunds lo cover operational and othef costs. Details of grants ieceivalAe are sel out in nolè 8. Other SoUr￿S of funding include income trom a ￿ntaI property, grazing fees and guKle trxik sales. Applulions to parl fund major projeds are made to DEFRA. The National Lottery Heritage Fund. Natural England. English Heritage and other bodies %then appropriate. In the current year the Trust rec4Jrded a s￿￿US on its unr8Stricted activities of £569 belore investment gains. Investment policy The Counal Members have the power to administer and manage the assets of the Ch￿ty. They have debegated the management of their propefty portfolio to Ihe Trust's Direclors. The Trust a150 maintains a portfolio of listed investmènts. These are invested under the guidan¢e of profe5Stonal advisors in ordei to mitigate capital risk by spreading across sectors In established companies and io mainlain in(x)me returns. Surplus cash lunds are generally held in deposits to match the needs of the Trust Iof liquKI lurKIs. The Counol Mewnbers review the level ol equity investmenls frotn limè to litne in the light of inveslmenl needs of the I riisl. It is the Council Members objective to secure investmenl income towards part of Ihe running costs of the Trust vA)ilst achieving sufficient grry•Ah to enable the investments lo grow to provide lor increasing operational cosls in the future.

The Norfolk Archaeological Trust Report of the Directors and Council Members (continued) Year ended 31 March 2021 Reserves policy The Council Members have examined the Trust's requirements for reserves in the I￿h1 of main risks to Ihe ocganisalion have established a policy whereby the unrestricted funds not committed or invested in tsngible fixed assets and investments hekl by the Trust should not fall below a minimum of £50,000. The reseives are needed lo finance any cyclical major repairs and act as a buffer against any unforeseen events. Al 31 March 2021 the free reserves Iwhich exclude all fixed assets and investmenlsl amounted lo £62.792. The level of'free rese￿es, is considered appropriate gwen the scale of 8cbvilies of the Norfolk ArchaeobJical Trust. the nature of its listed buildings,scheduled monuments and sites managed. Staternent of Directors. and Council Members. Responsibilities The Directors and Council Members are responsible for preparing the Directors and Council Members Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company law requires the Directors and Council Members to prepare finanaal statements for each financial year which give a true and fair view of the stale of affairs of the Trusl and of the income and expenditure for the year. In preparing these financial statements the Directors and Council Members a￿ required lo.. select suitable accounting policies and then appty them consistenty.. observe the method and principles of the Charities SORP.. make judgefnenls and eslimales that are reasonable and pruden( prepare the financial statements on the going concem basis unless rt is inappropriate to presume Ihal the Trust will continue in operation. slate whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statemen15. The Directors and Council Members are responsible for keeping adequate accounting records thal are Suff￿lent to show and explain the Trust's transactions and disclose with reasonable accuracy al any time the financial posilion ol the Tiusl and to enable Ihem lo ensure that the financial slalements compty wth the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonab steps for the prevention and detection of fraud and other I￿egUlarltses. Directors and Council Members The Council Members. who are Directors for the purFK)se of company law and Truslees for the purpose of charity law and who served during the year and up lo the dale ol this report are sel out on page 1. The financial statements have been prepared in accordance with the accounting policies sel out in the notes lo the accounts and comply wth the charity's governing d(KumenL the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practi￿ applicab￿ lo charities preparing their accounts in accordance wth the Financial Rewrting Slandard applicable in the UK and Republic of Ireland IFRS 102) leffects.ve 1 January 2019). Since the company qualifies as small under Seclion 383, the strategic report required of medium and large Companies under the Companies Act 20C* {Strategic Report and Directors, Report} Regulatbons is not required. Approved by the Cguncil Mem1￿[$ on 12 October 2021. 6Mf eto J M Sisson Chaimian

The Norfolk Archaeological Trust Independent Exarninerfs report For the year ended 31 March 2021 Independent Examinees Yeportto the Council Mvmbers of The Norfolk Archaeological Trnst I report lo the charty Counril MemtErs on my exarninabon oftl acts￿nts Oft￿ rtnpany for Ihe y8ai ènded 31 Marth 2021 wh￿h are sei out on pa9es 6 10 13. Responsibilitie5 and basls of report A5 the tharity Council Members of the ccmnpany land also its Difed(x5 for Ihe purposes of company lawl you are responsible for preparati￿ of the accounts in a¢cordan(t the requirernenls of Ihe Companies A¢t 20c61.the 20(￿ Arfl. Having satisfEd myself thai the accA)unts ol the company ate not required lo be audited under Part 16 01 the 20(6 Act and are el'gible for indeFEThJent examination. I reprKt In ￿speCt ol my examinalk)n of yow cornpanls accounts as carried out urKYer section 145 of Charibes Act 2011 I'lhe 2011 Aol'l. In carying out my examination l knave followed the ￿[e￿￿)nS given by Ibe Charity c￿nmI￿on Sec￿ 145(5Xbl of the 2011 Act. IndependentexaEninerfs Slatement I have cJmpleted rny ex3minalKJn I ￿n{IrM Ih8t no rnatters have (xme io my 8tt8nii)n in tx)nnecth)n with the examination gi￿￿9 me cause to beI￿ve Ih3t in any material resped.. 1 accountsro rerx)rds We￿ t¥Ji kept in resped ol the a)mpany as rw4uir&1 by sectbjn 386 ofthe ArA'. or 2 Ihe xcounts do not ¥￿th those 3 accounts do not conyjly bmth the accountiThJ wuireffEnts of SeCt￿n 3% of the 20(h A￿ other than any requirernenl that the a(tounts gNe a Irue and fair vthith is [￿t a matter I￿￿dered as part of an indeperKJent exaMinats"￿.. 4 the accounts have not been prepared in accordan￿ wilh the m8thLKls aThJ ￿¥nap￿S ofthe Statement ol Recommended Pra(Xi(x for accouAb"TrJ and reporbryJ by charlies applicable to chanls preparing their acc(¥Jnts in a(tordance with Fina￿81 Reporting Staryjard appltable in the UK and Republic of Ireland IFRS 1021. I have no COn￿rn5 and have oyne arms5 no other matters in o)nnectw)Th wilh my examinatK)n to allent￿)n shoukj be drawn in this resFxd ￿ ot¢r lo enable a prcp81 understr￿￿.n9 of the accounts to be reached This report is made solety to Chaiity's c￿r￿41 Membets. as a tK)dy. in ￿Cordan￿ with Parl 4 of the Charities IA(roun15 and Reportsl Regula￿0￿5 2(M)8. My work has been undertaken so that I tnvJhl state lo the ¢haritls Tru51ees Ihtsse matters18rn fequired to stste to tt￿n ITr an iwndenl exa￿1￿￿$ report and for no other purptrJe. To the fulkst extent ￿rMItted by law. I do nol a￿ept or assume reSpOn￿txIrtY lo anyore other than the charity and the charrtls CourKil Memter5 as a t¥)dy. for my ￿[k ￿ lorthk% ￿pO[l Joanne Fox FCA Latking GoEn LLP Chartered Acts)unlanls Norwth

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The Norfolk Archaeolog4cal Trust Company registration no. 191668 Statement of financial position as at 31 March 2021 2021 2020 Notes Fixed assets Tangible assets Listed investments and cash 1.022.204 303,743 1.325.947 1,022,204 266,146 1.288,350 10 Current assets Debtors Cash al bank and in hand 11 29.352 53,440 82,792 96.344 97.984 CreditoryJ: Amounts falling due within one year Net current assets 14,316 68,476 88,252 Total assets less current liabilities 1,414.199 1,356,826 General funds Restricted Unreslricled 13 &14 25,460 13 &14 1.388.739 6,682 1,350,144 1,414.199 1.356,826 For the financial period ended 31 March 2021 the company was enliued to exemption from audit undef section 477 Companies Act 2006. No member of the company has deposited a notice, pursuant lo section 476. requiring an audrt of these financial stalemenls under the requirements of the Companies Act 2006. The Directors and Council Members acknowledge their resF¥)nsibilities for ensuring that the company keeps accounting records which compty with section 386 of the Act and for prepanng finan￿al statements which give a true and fair view of the stale of the affairs of the company as at the end of the financial period and of ils profil or Ios5 for the financial peri(xl in accordance with the requirements of Sections 394 and 395 and which olherwise comply with the requirements of the Companies Act 20¢% relab'ng to accounts, so far as is applicable to the company. The company's financial statements have been prepared in accordance the provisions appluble to companies subject to the small companies regime. These financial slalements were approved and authorised for issue by the Directors and Council Members on 12 October 2021 and are signed on rts behalf by.. J M Sisson Chairman The noles set out on pages 8 to 13 fomi part of these financial staiefflents

The Norfolk ArchaeoEogical Tr￿t Notes to the financial statements Year ended 31 March 2021 1 StstLrtory Irfftinnation Tk Norfolk ArL8eokgical Trusl is a priva￿ 1aritab￿ conwany. liniled by guaoniee. th>micded in ENJland and Wales. reg￿ration numb￿ 191e68. The re9iSteied offKe is Cath Chambets, Op Street, NOTh¥￿th. NR13DP. 2 Complianc8 With acGtsunting standards The financial slalerrEnts have been wepared in accordance StatWTnl of Prarlty%'. ouniing and Reportir¥J by Charths preparwig they accounts in arajrilarth with iha Fuianc4al Repth"ng Sl8ndard aFyl1cab￿ In the UK and Republ￿ ol Irdand IFRS 1021 leifedNe 1 January 20191 the Finan(yal Reporting Sta￿8rd applicabk in the United artd Reput4K of IielaTrJ IFRS 1021 arxl Ihe CthYyniÈs Act 2006. The Norfol¢ Arthaeokngical Tftjst nels the definrtion of a publicbenefft enlfy uThYer FRS 102. Assets and liabilthes are inili8ty recwni5ed at historrl c(Jsl or traTwct￿ value tslher￿se stated in the rekvant accounting poliLy. 3 Accounting policies pr￿￿paI accovnting poli(aes a(k¥Fted in Ih8 preparat￿￿ of the finanoal Staten￿lS are sal be and have femained unchanged fr¢rn tIE pwN)us fo)ancial sE81. and also have beefi (x)twtenUy appld ilhin thè Same attounts. The financial stslernents have been prepaied the hthKxl G05t Ly)nv6nl)n. The pfesenlat￿ ojrrency 15 £ 51erliw. lal Going concern The Tiustees have ¢on$K1&red the cartys posts￿ al try ofsvJnirKJ Ihe f11a￿￿j starnÈnts. and in partKu￿r the impact ofCovid-19 and k)(down on the abilty to generate sufftnl fundir¥J io meet eyper%Jiture. UTh1er the current orcumslances. il B difkutt to pr(Kly￿ precAse fo(8casts for Ihe r￿na1￿erOf f)anaal >tar and rrEdium term Neverthess. the Trustees have cons￿ered £aJNent [￿rtIOn of the chanty ano ha% Conclud￿ that they have 8 rea50nabie expectalKin that the chardy will ha￿ ￿eQUate resources lo continue in operational existence for Ihe foreseeable future. bÈing al ￿8st ts¥e￿e mcffjlh5 fr(wn date ol svJnirrfJ these financial st8￿mentS. They Iherefore continue to adopt the going contrn basis ol ac£ountiry in preparing these finanrial 5ts1eTrEnts. Ibl Fund accouFTrting Gener81 funds are unrestrided fvndswhKth are avaIL4b￿ for al th8 dwel￿ OF the Councj membe￿ in furtheiance of Ihe 9eneral obJ"ectNes of Ihe Trust arwj whrh have Th)t been deSwnaI￿ for Oth￿ purposes. ReslrLted funds are funds wh￿h can onty be use(J for partiwlar re￿r￿￿e0 wrposes within (Jiectives of ihe Ttusl. Restridions ar￿ when 5peofd by Ihe donor orwtEn funds are raLsed lor part￿u￿r resknded purposes. Deswnaied funds are unfeslrKtsJ fuThJ$ earmarked by th8 Tr￿tee$ for wrpjses. Icl Income Grants, t￿)Se relats.ng lo the acqui5itiJn of ftEeho11 wopety. are recr4jn￿I in Ihe stsl8m8nt of financia12rlNilies ISOFAI in Ihe perM)d In whKh CO￿rtIonS for re￿ipt have been ￿el Grants rece￿d to finantt adivibes in future accounliru peri￿$ ￿cluded whin defetred irKx)me aThJ recogn¢ed in the perio(l in which those acttvrtKs a￿ undertaken All inctsme 15 re￿gniSed orte Ihe Twst has enblkttEnt lo the irthme. rt is that the will be receNed the arnouni of income recewabk can be rneasured reliabty. Rents re￿Nab￿ are recogni5ed in the SOFA in the in whith they falldue. Life subs¢riptK)ns are recognised in the SOFA in the per￿ in whth I￿Y are ￿eNab￿. Oonalions and legaoes re￿Nable are recognisell In tl SOFA in the peric¢Y ￿ which Ihey are re￿Ned. Donated semces and faulit￿5 afe induded at the value to IhÈ Tnjst wthere thi5 can be 4uants"fd. In￿sIrT￿nI ino)w i8 induded when Ee{wab￿. Idl Expenditure Expenditufe 1$ Iectynls￿ on an a¢(yvaL8 tr￿1%. Eypendrture aThyVabJe Pthed Tax cannot t fully Fecovered. and ￿ r8rorted as patl ofthe expenditure lo whith Èt relates". charitab￿ expe￿lture comprises those c05t5 Iri¢urred by Ihe Trust in Ihe dÈlNery of it5 actThths. 11 Includes both (Dsts that can be aWled dweclty ¢0 adNitEs aTJ tIKJse ¢osls of an ￿dIrect nature necessary to 5UPPOrt Itm. Other costs include those cos15 assocted with nEding rA)nsbtutional and ststutory requ¥ements ofthe TThJsi and Indthle the exarThr¢s fees and cosls ￿￿ked LO the stsale9Kmanageft*nt of the Tru5L

The Norfolk Archaeologi¢al Twst Notes to the financial staternents {¢ontinued) Year ended 31 March 2021 3 Accounting policie5 Icontlnuedl lel Flnancial in5trumenl trartsactson5 The tompany only enlers into bas￿ financial ￿￿rUlY￿1 transac1K￿ that iesult in th8 rec¥)gnI￿ of financ4al assets anfs l￿bil￿&s hke traje arbd ottr debt￿5 and ueditors. lfj Herltagt a8Sots Heritage assets are ca￿ts￿ed as tangbk fixed assets. SubseqLEnt rna￿￿nan￿ and ren￿1 eynditure i% Ghar9ed io Ihe slaternent of finanual aclwes in the per￿￿ in whith rt is in01r￿1. In the opinion of the Counol Membets, the resKlual Val￿ of fr8ehold propetiS i8. afvj wll conDnue to be lor the foreseeab filtu￿. at ast equal lo the amount al which they are I￿jude￿ In the financial stat8m8nts and therefore anydepreuation charge WOU￿ be Imrnalerial. A¢cA)id4)gty, no prov￿￿)n lor dewec4at￿ on heehok1 properbe5 15 Ind￿led in the finanual slaternen15 Igl Other tangible lixed assets Other tsngible fixed assets are staiert al cost IBS5 ¢Jeffjj2￿n anywovwn ryal￿ne￿I. Assets a￿ fvlly depreciated in the Jar of acquisrtron Ihl Listed inve$thients Realis￿ unrealised gains aThd losxs on inve$knEnl assets are in the finanual staiements. Re8lEed 981ns are based on Ihe difference between the open rrwrkel value of the inVes￿nI * th8 te9innin9 of IhÈ year C051 of purchase in the Current ￿ar 8nd Sa￿ pr<￿￿eds. The inveslnEfit assets are revalued at the end of each financial year Any increase or decrease In valual¥Jn compar￿1 wth the valuat)n at the beginnw)g of the year or cost of purchase in thÈ current sar ￿ ind￿d in the finanoal s&tements as an unreaIrs￿l gaw) crf loss. 4 Expenditure 2021 Total 2020 Total RestrKled Unwlrided Restrwd un￿Stri¢￿ed Charitable activities Property extn$es Insuran Prejecl c0515 (excl￿Ing salarE51 Proieel salane5 Directo15 rtmuneralio Accountsncy and seuetanal Subsu)ptsons Office costs Meeting expenses 32.836 10.460 32.836 10.460 15.949 40.770 9.215 40,770 9.215 89.859 11,762 31.159 8.138 551 6.059 15.949 89.859 12.09) 13281 31.159 8.138 551 6.059 29.738 7.801 29.738 7,801 401 4,979 173 102.337 4.979 173 86,388 15.949 101.949 .662 198.611 other Exatnine¢s fee 1.233 103570 1.173 97.835 1.173 199.784 15.949 87.621 101.949 5 Directo￿$ reMU￿ratIOn 2021 2￿20 Gross salaries PensK>n eonlnbutKsns 29.200 $36 29.738 30.565 594 31.159 6 Total staff salaries linGluding dlr8Ctorfs itynuneratfjonl 2021 2020 Gross salarES PensK>n contrthtK￿S 31.105 $38 31.643 42.091 830 42.921 The average number of 5talfempWd 312020.. 21

Thè Norfolk Archaeologi￿1 Trtsst 10 Notes to the financial statements (Continued) Year ended 31 March 2021 7 Tran8a¢tion8 C(wncil Membors arsd Direcbys The Council Mernbws retsNed no rernurErab￿ expenses during Ihe yeaT12020". £nill. threcaors Bre rerbursed expenses of £1.52412020. £3.8091. Ttwe no feL4ted pwty trartsa¢tK)rs. 8 Gfanls and other payments receivab 2021 Unreslricted Re5tt¥Xed 2020 Revenue grants DEFFIAIRural Pay￿ents Agw. Agrinvironment scheryE5 Ba$ic lami payment 5the￿ English Heritage rgh Castle Pa¥ish Cotwl middlet￿ Pansh CourKyl Great Yarmuth Borough Courtil Capital grants Heritage Lottery Fund Otwdrds & Upward5 wqect Hi5ton¢ England Sl Benets Abbey- Churth fabr 8roads AutFKJnty Burgh C8Stle- Almanac Fr￿Tr￿s of St Benets Abbey 19,1C 26,210 19.108 26.210 6.000 22.7 25.Y 22,7 25,5C6 2(N) 3(X) 2(Kl 1.000 9,391 9,391 21.624 21.624 10.449 2,654 34.727 10.449 2.654 87.545 20.058 20,058 52.818 29.449 85,251 9 Tangible assets Freehokj F￿0k nd buiWJiry$ Heritag8 assets Total Cost At 1 April 2020 an(131 March 2021 1.1)05.$53 16.651 1.022,204 I Trust's prLwerlie$ are held Icfj Ihe¥ ¥chaedcgTr1 or hk%lorKal inwlarKe aThJ Ihew CA￿￿n￿ng relention is a furtherarKe ol the Trusfs obpcves. Tlw are al unhy 3rxl f(m parl ol ￿ IErrtage d the nati￿. Trth81 manJJe Ihe follwro h8riiage [￿pert￿$.. Net CO￿ at 31 March Incotr InsurarKe Propety 2021 r￿l¥ab recharggts ejpenses 31 Mafth Grants 2021 ￿1Vab Pykerells House 8umham Norton Friary &nham Pri(Ky Ca151or Roman To Iron Age Fort at Tasburgh Rotnan Fort al Burgh Casl Sl Benel'5 Abity. Horning Iron Age Fort South C￿ake Unitsnan Chapd. Filby 16.826 16.826 4,421 12.8 122.9201 1471.9441 I36.3￿) I2￿.2[￿) 28. {87,483} 226 25 19.764 1.036 8.450 3.517 924 1.025 26,4(Ll 529.812 42.191 224.240 72.739 102.673 57. 5.891 24,040 44.239 15.1 2,468 614 19,004 2,4CK) 1,197 627 807 2.395 32.836 Mi(Jd￿t￿ Mount 7Tr) 168.237 1.022,2fy1 1853.£671 43.327 4.421

The Norfolk Archaeological Trust Notes to the financial statements {continuedl Year ended 31 March 2021 10 Llsted inveslrnents and cash Investments Total Market value at 1 April 2020 1￿C￿¥se In cash balanc£s Sale proceeds Gains on investmenis Acquisition costs K4arkel v81ue as al 31 March 2021 25B.351 7,795 6.393 266,146 6,393 151.0611 38.026 44.239 303.743 I51.{￿1) 38.026 44.239 289.555 14,188 Cost as at 31 Marth 2021 240.141 14,188 254,329 All investrnents he￿j are listed UK secAJrib88 and rm) wK11￿JUal investment h8hl ex￿d$ 5% of t portfolio value. 11 Debtors 2021 2020 Grants 8nd {k)nal￿n$ re￿1vable other debtors 27,683 1.669 29,352 1.640 12 c￿￿11015.. arnounts falling dLe ithin ￿aT 2021 2020 Creditors Accruals 11.668 2.648 14.316 6.437 9.732 13 Analysls of nèt assets unresth.cled Resttthd bJr¥J fund Total 2021 Heritage property Listed investments and cash Cash at bank Nel debtorsl1c￿d￿orSI 1.022204 303,743 70.884 8.0921 1.38B.739 1,022,204 303.743 96,3U 8,092 25.460 1A14,199 25.460 UnrestrXe(J Restn"cted fund Tot81 2020 Heirtage properly Listed inYeslTTEnts and cash Cash at bank Nel debtorsllcredilor51 1,022.204 266.146 68,175 6,381 1.350.144 1.022,204 266.146 114.7351 53.440 21,417 15.036 6.682 1.356,826

The Norfolk Archaeological Trust 12 Notes to the financial statements (continued) Year ended 31 March 2021 14 Movements in lund$ At1Apth 2020 Investrnenl At 31 March Gain5 2021 Irwne ExpeThliture Re$trScted funds Caislor Roman Town". Fun day Guide book Sl Beneis Abbey. Church fabric FfEnds of St Benets Abbey Burgh Castle" Alman¥ 1,182 21.624 21.624 2.654 10,449 34.727 10.449 15.949 6.662 26,460 Unrestrlcted funds General fund 1.350,144 88.19) 87.621 38.026 1.388,739 Funds at 31 March 2021 1.356.826 122.917 103.570 38.026 1A14.199 At l Aw"1 2019 Investment At 31 Ma￿h 2020 IncxTh E￿nditU{e Restfl¢ted funds Onwards & Upwards st eenets brothure Caislor Roman Tfy•m'. Fun day Gu￿e book rgh Casiie". Almanac projed 9.391 77,275 4,450 4.450 1.2eiJ 1,182 5.600 20.058 35.017 20.058 101.949 73.614 6,682 Uwtr05tricted funds General fund 1.382.2fAI 97.835 124,7111 1.380,144 Funds at 31 March 2020 1.455.874 125.447 199.784 124,7111 1,3S6.826

The Norfolk Archaeologlcal Trust 13 Notes to the financial statements (continued Year ended 31 March 2020 14 Movernents in fvnds (continued) Caistor Roman Town projects Fun day.. South N(￿lO￿k Districi Councal has provkjed funds for adNity days at the site. £1,182 remains available foi future events. St Benets Abbey projects The Friends ol St Bertels Abtw ceased durirtsJ the year. The cash balan￿ ol ￿.654 was gffted lo the Trust and is to be used lo lun(Vpart fund projects relating lo Ihe Sl Benets Abbey sile. The Trust was successful in app￿"ng for 8 gtanl HIst(￿C England lo (x)ver the costs of repairing the d)urch labric at st Benels Abbey. To date £21.264 has Ixen received. Burgh Casue projects Almanac project.. This proje¢A win prov*le educalion. skilb. health and wellbeing benefi15 for peoplè in Tecovery and be¢ng supported lo live Inde￿nd￿tly, by providing a frarnew￿ of regular iraining and creative a¢tiwties al the site. The woje¢t is fvnded by ihe Herilage Lottery Fund and by the Broads Aulhorrty.

The Norfolk Archaeological Trust la company limited by guarantee) Annual Report and Financial Statements Year ended 31 March 2021 Company numL%f 191668 Chanty nun**r 274604

The Norfolk Archaeological Trust la company limited by gu3rantÈÈl Annual Report and Finan¢lal Statements Year ended 31 March 2021 Contents Legal and adrnini51ratN8 infotmatityi Report of thre¢tor and CL¥J￿1 lkn)e 24 Report of Ihe lTrJeFerKleTht ExanN Slatement of finanaal actMts5 lir￿￿¥4 $unJThry inccffje atxl expendbture ac£omti Stateffent of financial Notes forming part ofthe finantsal $tale￿ts &13

The Norfolk Archaeologlcal Trust Annual Report and Financial Statements Year ended 31 March 2021 Legal and admlnlstrdtlve inforn)ation Charity name The Norfolk Ar￿a￿￿gical Trust Charity registration number 274eiM Company regtslralton number 191668 Registeied office Castk Chambers Opie Street Norw NRI 3DP Opeiation81 address S Fra￿>S Road Long Sltatlon Norfdk NR15 2XT Trustses Mr N D Balaam Mrs H A Boll Mr P G Foster Mr P B Griffilhs MBE Mr H J Kilvert Dr J M Lesler Mr M T Martin MBE Piof. E M Pye Mr J M &"sson Ichaimianl Prol. O H WarTrxk Trustees a￿ referred to as'council Members.. All Truslees are Directors. Co-Directors Ms C Davison (resigned January 20211 Mrs N Butler lapwinted February 2021) Company sterttsry Mis H Evans Bankers CAF 8ank Lld 25 Kings Hill Avenue West Malling Kent ME194JQ Solicitors Cozens-Hardy LLP Op* Street Norwich NR13DP Independent Examiner Joanne Fox FCA Larking Gowen LLP 15 Uppei King Streel NR3 1RB

The Norfolk Archaeologlcal Trust Report of the Director and Council Membern Yearended 31 March 2021 The Direclor and Courtl Members present their reF￿r1 and Ihe finanaal ststernents for year eThJed 31 Marth 2021. Structure governance and management Goveming document The organi8ation Is a th3iTtable c(Knpany (he￿after ￿ferred to as th2 Tll￿tI. lirnited by guarantee. inwwrated on 31 July 1923 and registered as a Larity on 7 April 1978. The c(Nmpany was established un(r a MemoraThYum orAssociat￿n which estsIA￿he[ts the (4e¢ts and p)prs of the oynpany an¢J is govemed under ils ArtirJe5 of Ass(tiation. In the eTrAII of the ujmpany beiThJ wound up ihe rTmbe@ a￿ reqtsired to contribute aTh arrK)vTht not exceeding £1. Appolntment of Council Members Under the terms of the Memorandum aThJ Arltdes ol nvwthJn(il kmbws may be appO￿ted al any tirre. subjerl ¢0 re￿tIOn at the next AGM. ￿￿nkn￿nI ts aL80 to the Trust's RecwitfneTrt a￿1 polw. Council Member inductstsn and tralnlng New Council Mernbers are brfl on their ￿gaI d)IYa￿"0nS undet tharrty law. the ￿fttent ofthe Vanofandum and ArtKles of Assouabon and recent financrdl ￿rtOM)8n￿ of the Tntst. as part ol Ihe ag￿ed induction pro￿$$ Counal a￿ encouraged lo allend appropriate extemal trauiirwj events where these will facililale ts undertaking of their role. Oryanb5ation The Membe[5 of Ihe Cou￿￿1 administer Trust. Courol meets quarterfy. M5 C Davts￿ has been apwnted by the cou￿1 Members to manage Ihe ¢Jay to day operations of Tn￿1. To faGilrtalÈ ÈffectNe operations, she has de￿ated aut￿rIty. ithin the lerrns ol dekgalKTrn approved by the Counal Members for operabonal matters indudia9 projed a￿1￿1￿ and ffinan￿. In January 2021. Ms C Davison resigned a￿¥ Mrs N But￿rwa$ appointed a director in Febnjary 2021 aThJ tcanE ￿SpOn￿b￿ for managing the adivities of Trust. Objectives and prfjnclpal a¢tlvities The prirnary objecaive ofthe T(usl is to arKI fosterlhe disco¥ery. excavatKJn. preservatK)n, feLx)rding and study of sites and oty"e¢ts of arc8eol(NJical ￿ htstori(al inporta[￿ wilhin cthnty of Norfolk for the public benefrt. The prinrjpal activitw ol the Tru￿ conts"nL to man￿em&￿t aThJ maffiteTranc ofits pryrts for publi¢ a￿SS. Rlsk management The Council v￿mberS have examird the major stralegic, bustEss armj operats.onal risk5 the Trust faces and have produced a dorAJment sets out the syslems and pro￿ureS to mitwJate major rBks. The strategy also indudes pro￿ureS to minuntse the impad on the Tru51 shwkl those risks materialise. This po4icy is revEwed biannualty. Public benefit TfE Directors Counril Vembets confiwm Ihat. in exercasiro IheirF<A4Ets aThJ dut￿$. they have cx)mpl th Ifirduty to have regard lo the gupjance publ￿ tr*nefrt publthed by the Chanty Corrfflissb)n.

The Norfolk Archaeological Trust Report of the Directors and Council Members (continued) Year ended 31 March 2021 Achievements. perforniance and future plans Review of activitie3 and perfonnance The Trust continued to manage its archaeological sites. A more detailed review of projecls can be found in note 14 to the accounts and in the 2021 Spring Newsletter avaiiabk on our website. A surrmry is given below.. In January 2021. Ihe Trust's Director. Caroline Davison, lor the lasl wx years. stood down to cA)n￿n1[ale on hèr writing career. Caroline has wyked tirelessty lor the Trust. and her enthusiasm. de(li(zb"on and organisational skills will be g¥e8tly rnissed. Due lo the Covid-19 pandemic. the Trust's guided tours were paused and events cancelled whith resulted in limited opporiunities for lundr8ising. although an Online Fete was njn provided some income and raised the chariws profile and objectNes onlhne. in a new diqilal lormal. Over the p8St three years the Bur9h Castle Almanac ptoFct, led by the Resloration Trust, has been supporting people who experien￿ mental illness through a creabve approa¢ tts expknring the h￿tOry and landscapes of the Roman Fort. Due to the lock-down the fflonthly mindfulness walks. talks wlh experts etc. (xme to a hall. The group have found ways of keeping in touch through l￿M ￿et￿9$. facebook and phor calls aiKI their success has been used as a national case study by the NationJ Lottery. This projecl is nearin9 (xsmpletion, bul there is potential for ils format to be used again al olhei NAT srtes. W by the Restoralion Trust. Due to the pandeffltc the annual Heritage Open Days nThied online. v￿unteerS from Burgh Caslle, St Benefs Abbey and Bijmham Norton Friary created short videos ￿ttt slories. and the h"ts1￿ of the sites wh￿h was uploaded online. These weie very Fy)pular and uealed a reach of over 14.IYJJ people. In line with the slrategic plan. the post of volunteer C￿ordInatOr vras su￿$S1U1￿ put in pla¢x. and has been a huge help in developing volunteer surrfK)rt at our siles_ A new guide book lor Caistor Roman T(Mn vrds produced and published funded by extemal grarhts and a legacy. Plans for future periods - year. CovKI-19 restrid•)ns pem)rtting. Run by volunteers Heritage Open Days will be ooih online and in ￿ thi. it feal(Jre St Benel's Abbey. Burgh Caslle, Caistor Roman Towr, 8nd Fiddlers Hill. As a resull of the pandetnic all activrties suth as guided tours and fundrnisir￿ evenls have been put on hold. How&vèr, as easing of restrictions continues rt is hoped that 9UKled tours wll re￿mnn￿. In line wth the strategic plan, it is hoped thal the car parking charges can be inttoduced al Burgh Castle and Caistor Roman Town. Works to consolidale Sl Benel'$ Abbey ruins, furKled by the NLHF Ibill ￿ done. School visils wll recomrrEnce when permitted. An outdoor event. focused on raising Ihe Wdreness ol the imp of Heritage Crin. is planned for July 2021. Covid festriiaions p8rmitting. Financial review Princlpal funding sources In the current year the Trust has received grants from OEFRA under its AgTren¥ironment Sthemes and from the RPA under its Basic Payment5 SrJ)eme. In addrtion Englk8h Heril89e. and varw)us local authorities have Pfovided lunds lo cover operational and othef costs. Details of grants ieceivalAe are sel out in nolè 8. Other SoUr￿S of funding include income trom a ￿ntaI property, grazing fees and guKle trxik sales. Applulions to parl fund major projeds are made to DEFRA. The National Lottery Heritage Fund. Natural England. English Heritage and other bodies %then appropriate. In the current year the Trust rec4Jrded a s￿￿US on its unr8Stricted activities of £569 belore investment gains. Investment policy The Counal Members have the power to administer and manage the assets of the Ch￿ty. They have debegated the management of their propefty portfolio to Ihe Trust's Direclors. The Trust a150 maintains a portfolio of listed investmènts. These are invested under the guidan¢e of profe5Stonal advisors in ordei to mitigate capital risk by spreading across sectors In established companies and io mainlain in(x)me returns. Surplus cash lunds are generally held in deposits to match the needs of the Trust Iof liquKI lurKIs. The Counol Mewnbers review the level ol equity investmenls frotn limè to litne in the light of inveslmenl needs of the I riisl. It is the Council Members objective to secure investmenl income towards part of Ihe running costs of the Trust vA)ilst achieving sufficient grry•Ah to enable the investments lo grow to provide lor increasing operational cosls in the future.

The Norfolk Archaeological Trust Report of the Directors and Council Members (continued) Year ended 31 March 2021 Reserves policy The Council Members have examined the Trust's requirements for reserves in the I￿h1 of main risks to Ihe ocganisalion have established a policy whereby the unrestricted funds not committed or invested in tsngible fixed assets and investments hekl by the Trust should not fall below a minimum of £50,000. The reseives are needed lo finance any cyclical major repairs and act as a buffer against any unforeseen events. Al 31 March 2021 the free reserves Iwhich exclude all fixed assets and investmenlsl amounted lo £62.792. The level of'free rese￿es, is considered appropriate gwen the scale of 8cbvilies of the Norfolk ArchaeobJical Trust. the nature of its listed buildings,scheduled monuments and sites managed. Staternent of Directors. and Council Members. Responsibilities The Directors and Council Members are responsible for preparing the Directors and Council Members Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company law requires the Directors and Council Members to prepare finanaal statements for each financial year which give a true and fair view of the stale of affairs of the Trusl and of the income and expenditure for the year. In preparing these financial statements the Directors and Council Members a￿ required lo.. select suitable accounting policies and then appty them consistenty.. observe the method and principles of the Charities SORP.. make judgefnenls and eslimales that are reasonable and pruden( prepare the financial statements on the going concem basis unless rt is inappropriate to presume Ihal the Trust will continue in operation. slate whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statemen15. The Directors and Council Members are responsible for keeping adequate accounting records thal are Suff￿lent to show and explain the Trust's transactions and disclose with reasonable accuracy al any time the financial posilion ol the Tiusl and to enable Ihem lo ensure that the financial slalements compty wth the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonab steps for the prevention and detection of fraud and other I￿egUlarltses. Directors and Council Members The Council Members. who are Directors for the purFK)se of company law and Truslees for the purpose of charity law and who served during the year and up lo the dale ol this report are sel out on page 1. The financial statements have been prepared in accordance with the accounting policies sel out in the notes lo the accounts and comply wth the charity's governing d(KumenL the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practi￿ applicab￿ lo charities preparing their accounts in accordance wth the Financial Rewrting Slandard applicable in the UK and Republic of Ireland IFRS 102) leffects.ve 1 January 2019). Since the company qualifies as small under Seclion 383, the strategic report required of medium and large Companies under the Companies Act 20C* {Strategic Report and Directors, Report} Regulatbons is not required. Approved by the Cguncil Mem1￿[$ on 12 October 2021. 6Mf eto J M Sisson Chaimian

The Norfolk Archaeological Trust Independent Exarninerfs report For the year ended 31 March 2021 Independent Examinees Yeportto the Council Mvmbers of The Norfolk Archaeological Trnst I report lo the charty Counril MemtErs on my exarninabon oftl acts￿nts Oft￿ rtnpany for Ihe y8ai ènded 31 Marth 2021 wh￿h are sei out on pa9es 6 10 13. Responsibilitie5 and basls of report A5 the tharity Council Members of the ccmnpany land also its Difed(x5 for Ihe purposes of company lawl you are responsible for preparati￿ of the accounts in a¢cordan(t the requirernenls of Ihe Companies A¢t 20c61.the 20(￿ Arfl. Having satisfEd myself thai the accA)unts ol the company ate not required lo be audited under Part 16 01 the 20(6 Act and are el'gible for indeFEThJent examination. I reprKt In ￿speCt ol my examinalk)n of yow cornpanls accounts as carried out urKYer section 145 of Charibes Act 2011 I'lhe 2011 Aol'l. In carying out my examination l knave followed the ￿[e￿￿)nS given by Ibe Charity c￿nmI￿on Sec￿ 145(5Xbl of the 2011 Act. IndependentexaEninerfs Slatement I have cJmpleted rny ex3minalKJn I ￿n{IrM Ih8t no rnatters have (xme io my 8tt8nii)n in tx)nnecth)n with the examination gi￿￿9 me cause to beI￿ve Ih3t in any material resped.. 1 accountsro rerx)rds We￿ t¥Ji kept in resped ol the a)mpany as rw4uir&1 by sectbjn 386 ofthe ArA'. or 2 Ihe xcounts do not ¥￿th those 3 accounts do not conyjly bmth the accountiThJ wuireffEnts of SeCt￿n 3% of the 20(h A￿ other than any requirernenl that the a(tounts gNe a Irue and fair vthith is [￿t a matter I￿￿dered as part of an indeperKJent exaMinats"￿.. 4 the accounts have not been prepared in accordan￿ wilh the m8thLKls aThJ ￿¥nap￿S ofthe Statement ol Recommended Pra(Xi(x for accouAb"TrJ and reporbryJ by charlies applicable to chanls preparing their acc(¥Jnts in a(tordance with Fina￿81 Reporting Staryjard appltable in the UK and Republic of Ireland IFRS 1021. I have no COn￿rn5 and have oyne arms5 no other matters in o)nnectw)Th wilh my examinatK)n to allent￿)n shoukj be drawn in this resFxd ￿ ot¢r lo enable a prcp81 understr￿￿.n9 of the accounts to be reached This report is made solety to Chaiity's c￿r￿41 Membets. as a tK)dy. in ￿Cordan￿ with Parl 4 of the Charities IA(roun15 and Reportsl Regula￿0￿5 2(M)8. My work has been undertaken so that I tnvJhl state lo the ¢haritls Tru51ees Ihtsse matters18rn fequired to stste to tt￿n ITr an iwndenl exa￿1￿￿$ report and for no other purptrJe. To the fulkst extent ￿rMItted by law. I do nol a￿ept or assume reSpOn￿txIrtY lo anyore other than the charity and the charrtls CourKil Memter5 as a t¥)dy. for my ￿[k ￿ lorthk% ￿pO[l Joanne Fox FCA Latking GoEn LLP Chartered Acts)unlanls Norwth

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The Norfolk Archaeolog4cal Trust Company registration no. 191668 Statement of financial position as at 31 March 2021 2021 2020 Notes Fixed assets Tangible assets Listed investments and cash 1.022.204 303,743 1.325.947 1,022,204 266,146 1.288,350 10 Current assets Debtors Cash al bank and in hand 11 29.352 53,440 82,792 96.344 97.984 CreditoryJ: Amounts falling due within one year Net current assets 14,316 68,476 88,252 Total assets less current liabilities 1,414.199 1,356,826 General funds Restricted Unreslricled 13 &14 25,460 13 &14 1.388.739 6,682 1,350,144 1,414.199 1.356,826 For the financial period ended 31 March 2021 the company was enliued to exemption from audit undef section 477 Companies Act 2006. No member of the company has deposited a notice, pursuant lo section 476. requiring an audrt of these financial stalemenls under the requirements of the Companies Act 2006. The Directors and Council Members acknowledge their resF¥)nsibilities for ensuring that the company keeps accounting records which compty with section 386 of the Act and for prepanng finan￿al statements which give a true and fair view of the stale of the affairs of the company as at the end of the financial period and of ils profil or Ios5 for the financial peri(xl in accordance with the requirements of Sections 394 and 395 and which olherwise comply with the requirements of the Companies Act 20¢% relab'ng to accounts, so far as is applicable to the company. The company's financial statements have been prepared in accordance the provisions appluble to companies subject to the small companies regime. These financial slalements were approved and authorised for issue by the Directors and Council Members on 12 October 2021 and are signed on rts behalf by.. J M Sisson Chairman The noles set out on pages 8 to 13 fomi part of these financial staiefflents

The Norfolk ArchaeoEogical Tr￿t Notes to the financial statements Year ended 31 March 2021 1 StstLrtory Irfftinnation Tk Norfolk ArL8eokgical Trusl is a priva￿ 1aritab￿ conwany. liniled by guaoniee. th>micded in ENJland and Wales. reg￿ration numb￿ 191e68. The re9iSteied offKe is Cath Chambets, Op Street, NOTh¥￿th. NR13DP. 2 Complianc8 With acGtsunting standards The financial slalerrEnts have been wepared in accordance StatWTnl of Prarlty%'. ouniing and Reportir¥J by Charths preparwig they accounts in arajrilarth with iha Fuianc4al Repth"ng Sl8ndard aFyl1cab￿ In the UK and Republ￿ ol Irdand IFRS 1021 leifedNe 1 January 20191 the Finan(yal Reporting Sta￿8rd applicabk in the United artd Reput4K of IielaTrJ IFRS 1021 arxl Ihe CthYyniÈs Act 2006. The Norfol¢ Arthaeokngical Tftjst nels the definrtion of a publicbenefft enlfy uThYer FRS 102. Assets and liabilthes are inili8ty recwni5ed at historrl c(Jsl or traTwct￿ value tslher￿se stated in the rekvant accounting poliLy. 3 Accounting policies pr￿￿paI accovnting poli(aes a(k¥Fted in Ih8 preparat￿￿ of the finanoal Staten￿lS are sal be and have femained unchanged fr¢rn tIE pwN)us fo)ancial sE81. and also have beefi (x)twtenUy appld ilhin thè Same attounts. The financial stslernents have been prepaied the hthKxl G05t Ly)nv6nl)n. The pfesenlat￿ ojrrency 15 £ 51erliw. lal Going concern The Tiustees have ¢on$K1&red the cartys posts￿ al try ofsvJnirKJ Ihe f11a￿￿j starnÈnts. and in partKu￿r the impact ofCovid-19 and k)(down on the abilty to generate sufftnl fundir¥J io meet eyper%Jiture. UTh1er the current orcumslances. il B difkutt to pr(Kly￿ precAse fo(8casts for Ihe r￿na1￿erOf f)anaal >tar and rrEdium term Neverthess. the Trustees have cons￿ered £aJNent [￿rtIOn of the chanty ano ha% Conclud￿ that they have 8 rea50nabie expectalKin that the chardy will ha￿ ￿eQUate resources lo continue in operational existence for Ihe foreseeable future. bÈing al ￿8st ts¥e￿e mcffjlh5 fr(wn date ol svJnirrfJ these financial st8￿mentS. They Iherefore continue to adopt the going contrn basis ol ac£ountiry in preparing these finanrial 5ts1eTrEnts. Ibl Fund accouFTrting Gener81 funds are unrestrided fvndswhKth are avaIL4b￿ for al th8 dwel￿ OF the Councj membe￿ in furtheiance of Ihe 9eneral obJ"ectNes of Ihe Trust arwj whrh have Th)t been deSwnaI￿ for Oth￿ purposes. ReslrLted funds are funds wh￿h can onty be use(J for partiwlar re￿r￿￿e0 wrposes within (Jiectives of ihe Ttusl. Restridions ar￿ when 5peofd by Ihe donor orwtEn funds are raLsed lor part￿u￿r resknded purposes. Deswnaied funds are unfeslrKtsJ fuThJ$ earmarked by th8 Tr￿tee$ for wrpjses. Icl Income Grants, t￿)Se relats.ng lo the acqui5itiJn of ftEeho11 wopety. are recr4jn￿I in Ihe stsl8m8nt of financia12rlNilies ISOFAI in Ihe perM)d In whKh CO￿rtIonS for re￿ipt have been ￿el Grants rece￿d to finantt adivibes in future accounliru peri￿$ ￿cluded whin defetred irKx)me aThJ recogn¢ed in the perio(l in which those acttvrtKs a￿ undertaken All inctsme 15 re￿gniSed orte Ihe Twst has enblkttEnt lo the irthme. rt is that the will be receNed the arnouni of income recewabk can be rneasured reliabty. Rents re￿Nab￿ are recogni5ed in the SOFA in the in whith they falldue. Life subs¢riptK)ns are recognised in the SOFA in the per￿ in whth I￿Y are ￿eNab￿. Oonalions and legaoes re￿Nable are recognisell In tl SOFA in the peric¢Y ￿ which Ihey are re￿Ned. Donated semces and faulit￿5 afe induded at the value to IhÈ Tnjst wthere thi5 can be 4uants"fd. In￿sIrT￿nI ino)w i8 induded when Ee{wab￿. Idl Expenditure Expenditufe 1$ Iectynls￿ on an a¢(yvaL8 tr￿1%. Eypendrture aThyVabJe Pthed Tax cannot t fully Fecovered. and ￿ r8rorted as patl ofthe expenditure lo whith Èt relates". charitab￿ expe￿lture comprises those c05t5 Iri¢urred by Ihe Trust in Ihe dÈlNery of it5 actThths. 11 Includes both (Dsts that can be aWled dweclty ¢0 adNitEs aTJ tIKJse ¢osls of an ￿dIrect nature necessary to 5UPPOrt Itm. Other costs include those cos15 assocted with nEding rA)nsbtutional and ststutory requ¥ements ofthe TThJsi and Indthle the exarThr¢s fees and cosls ￿￿ked LO the stsale9Kmanageft*nt of the Tru5L

The Norfolk Archaeologi¢al Twst Notes to the financial staternents {¢ontinued) Year ended 31 March 2021 3 Accounting policie5 Icontlnuedl lel Flnancial in5trumenl trartsactson5 The tompany only enlers into bas￿ financial ￿￿rUlY￿1 transac1K￿ that iesult in th8 rec¥)gnI￿ of financ4al assets anfs l￿bil￿&s hke traje arbd ottr debt￿5 and ueditors. lfj Herltagt a8Sots Heritage assets are ca￿ts￿ed as tangbk fixed assets. SubseqLEnt rna￿￿nan￿ and ren￿1 eynditure i% Ghar9ed io Ihe slaternent of finanual aclwes in the per￿￿ in whith rt is in01r￿1. In the opinion of the Counol Membets, the resKlual Val￿ of fr8ehold propetiS i8. afvj wll conDnue to be lor the foreseeab filtu￿. at ast equal lo the amount al which they are I￿jude￿ In the financial stat8m8nts and therefore anydepreuation charge WOU￿ be Imrnalerial. A¢cA)id4)gty, no prov￿￿)n lor dewec4at￿ on heehok1 properbe5 15 Ind￿led in the finanual slaternen15 Igl Other tangible lixed assets Other tsngible fixed assets are staiert al cost IBS5 ¢Jeffjj2￿n anywovwn ryal￿ne￿I. Assets a￿ fvlly depreciated in the Jar of acquisrtron Ihl Listed inve$thients Realis￿ unrealised gains aThd losxs on inve$knEnl assets are in the finanual staiements. Re8lEed 981ns are based on Ihe difference between the open rrwrkel value of the inVes￿nI * th8 te9innin9 of IhÈ year C051 of purchase in the Current ￿ar 8nd Sa￿ pr<￿￿eds. The inveslnEfit assets are revalued at the end of each financial year Any increase or decrease In valual¥Jn compar￿1 wth the valuat)n at the beginnw)g of the year or cost of purchase in thÈ current sar ￿ ind￿d in the finanoal s&tements as an unreaIrs￿l gaw) crf loss. 4 Expenditure 2021 Total 2020 Total RestrKled Unwlrided Restrwd un￿Stri¢￿ed Charitable activities Property extn$es Insuran Prejecl c0515 (excl￿Ing salarE51 Proieel salane5 Directo15 rtmuneralio Accountsncy and seuetanal Subsu)ptsons Office costs Meeting expenses 32.836 10.460 32.836 10.460 15.949 40.770 9.215 40,770 9.215 89.859 11,762 31.159 8.138 551 6.059 15.949 89.859 12.09) 13281 31.159 8.138 551 6.059 29.738 7.801 29.738 7,801 401 4,979 173 102.337 4.979 173 86,388 15.949 101.949 .662 198.611 other Exatnine¢s fee 1.233 103570 1.173 97.835 1.173 199.784 15.949 87.621 101.949 5 Directo￿$ reMU￿ratIOn 2021 2￿20 Gross salaries PensK>n eonlnbutKsns 29.200 $36 29.738 30.565 594 31.159 6 Total staff salaries linGluding dlr8Ctorfs itynuneratfjonl 2021 2020 Gross salarES PensK>n contrthtK￿S 31.105 $38 31.643 42.091 830 42.921 The average number of 5talfempWd 312020.. 21

Thè Norfolk Archaeologi￿1 Trtsst 10 Notes to the financial statements (Continued) Year ended 31 March 2021 7 Tran8a¢tion8 C(wncil Membors arsd Direcbys The Council Mernbws retsNed no rernurErab￿ expenses during Ihe yeaT12020". £nill. threcaors Bre rerbursed expenses of £1.52412020. £3.8091. Ttwe no feL4ted pwty trartsa¢tK)rs. 8 Gfanls and other payments receivab 2021 Unreslricted Re5tt¥Xed 2020 Revenue grants DEFFIAIRural Pay￿ents Agw. Agrinvironment scheryE5 Ba$ic lami payment 5the￿ English Heritage rgh Castle Pa¥ish Cotwl middlet￿ Pansh CourKyl Great Yarmuth Borough Courtil Capital grants Heritage Lottery Fund Otwdrds & Upward5 wqect Hi5ton¢ England Sl Benets Abbey- Churth fabr 8roads AutFKJnty Burgh C8Stle- Almanac Fr￿Tr￿s of St Benets Abbey 19,1C 26,210 19.108 26.210 6.000 22.7 25.Y 22,7 25,5C6 2(N) 3(X) 2(Kl 1.000 9,391 9,391 21.624 21.624 10.449 2,654 34.727 10.449 2.654 87.545 20.058 20,058 52.818 29.449 85,251 9 Tangible assets Freehokj F￿0k nd buiWJiry$ Heritag8 assets Total Cost At 1 April 2020 an(131 March 2021 1.1)05.$53 16.651 1.022,204 I Trust's prLwerlie$ are held Icfj Ihe¥ ¥chaedcgTr1 or hk%lorKal inwlarKe aThJ Ihew CA￿￿n￿ng relention is a furtherarKe ol the Trusfs obpcves. Tlw are al unhy 3rxl f(m parl ol ￿ IErrtage d the nati￿. Trth81 manJJe Ihe follwro h8riiage [￿pert￿$.. Net CO￿ at 31 March Incotr InsurarKe Propety 2021 r￿l¥ab recharggts ejpenses 31 Mafth Grants 2021 ￿1Vab Pykerells House 8umham Norton Friary &nham Pri(Ky Ca151or Roman To Iron Age Fort at Tasburgh Rotnan Fort al Burgh Casl Sl Benel'5 Abity. Horning Iron Age Fort South C￿ake Unitsnan Chapd. Filby 16.826 16.826 4,421 12.8 122.9201 1471.9441 I36.3￿) I2￿.2[￿) 28. {87,483} 226 25 19.764 1.036 8.450 3.517 924 1.025 26,4(Ll 529.812 42.191 224.240 72.739 102.673 57. 5.891 24,040 44.239 15.1 2,468 614 19,004 2,4CK) 1,197 627 807 2.395 32.836 Mi(Jd￿t￿ Mount 7Tr) 168.237 1.022,2fy1 1853.£671 43.327 4.421

The Norfolk Archaeological Trust Notes to the financial statements {continuedl Year ended 31 March 2021 10 Llsted inveslrnents and cash Investments Total Market value at 1 April 2020 1￿C￿¥se In cash balanc£s Sale proceeds Gains on investmenis Acquisition costs K4arkel v81ue as al 31 March 2021 25B.351 7,795 6.393 266,146 6,393 151.0611 38.026 44.239 303.743 I51.{￿1) 38.026 44.239 289.555 14,188 Cost as at 31 Marth 2021 240.141 14,188 254,329 All investrnents he￿j are listed UK secAJrib88 and rm) wK11￿JUal investment h8hl ex￿d$ 5% of t portfolio value. 11 Debtors 2021 2020 Grants 8nd {k)nal￿n$ re￿1vable other debtors 27,683 1.669 29,352 1.640 12 c￿￿11015.. arnounts falling dLe ithin ￿aT 2021 2020 Creditors Accruals 11.668 2.648 14.316 6.437 9.732 13 Analysls of nèt assets unresth.cled Resttthd bJr¥J fund Total 2021 Heritage property Listed investments and cash Cash at bank Nel debtorsl1c￿d￿orSI 1.022204 303,743 70.884 8.0921 1.38B.739 1,022,204 303.743 96,3U 8,092 25.460 1A14,199 25.460 UnrestrXe(J Restn"cted fund Tot81 2020 Heirtage properly Listed inYeslTTEnts and cash Cash at bank Nel debtorsllcredilor51 1,022.204 266.146 68,175 6,381 1.350.144 1.022,204 266.146 114.7351 53.440 21,417 15.036 6.682 1.356,826

The Norfolk Archaeological Trust 12 Notes to the financial statements (continued) Year ended 31 March 2021 14 Movements in lund$ At1Apth 2020 Investrnenl At 31 March Gain5 2021 Irwne ExpeThliture Re$trScted funds Caislor Roman Town". Fun day Guide book Sl Beneis Abbey. Church fabric FfEnds of St Benets Abbey Burgh Castle" Alman¥ 1,182 21.624 21.624 2.654 10,449 34.727 10.449 15.949 6.662 26,460 Unrestrlcted funds General fund 1.350,144 88.19) 87.621 38.026 1.388,739 Funds at 31 March 2021 1.356.826 122.917 103.570 38.026 1A14.199 At l Aw"1 2019 Investment At 31 Ma￿h 2020 IncxTh E￿nditU{e Restfl¢ted funds Onwards & Upwards st eenets brothure Caislor Roman Tfy•m'. Fun day Gu￿e book rgh Casiie". Almanac projed 9.391 77,275 4,450 4.450 1.2eiJ 1,182 5.600 20.058 35.017 20.058 101.949 73.614 6,682 Uwtr05tricted funds General fund 1.382.2fAI 97.835 124,7111 1.380,144 Funds at 31 March 2020 1.455.874 125.447 199.784 124,7111 1,3S6.826

The Norfolk Archaeologlcal Trust 13 Notes to the financial statements (continued Year ended 31 March 2020 14 Movernents in fvnds (continued) Caistor Roman Town projects Fun day.. South N(￿lO￿k Districi Councal has provkjed funds for adNity days at the site. £1,182 remains available foi future events. St Benets Abbey projects The Friends ol St Bertels Abtw ceased durirtsJ the year. The cash balan￿ ol ￿.654 was gffted lo the Trust and is to be used lo lun(Vpart fund projects relating lo Ihe Sl Benets Abbey sile. The Trust was successful in app￿"ng for 8 gtanl HIst(￿C England lo (x)ver the costs of repairing the d)urch labric at st Benels Abbey. To date £21.264 has Ixen received. Burgh Casue projects Almanac project.. This proje¢A win prov*le educalion. skilb. health and wellbeing benefi15 for peoplè in Tecovery and be¢ng supported lo live Inde￿nd￿tly, by providing a frarnew￿ of regular iraining and creative a¢tiwties al the site. The woje¢t is fvnded by ihe Herilage Lottery Fund and by the Broads Aulhorrty.