2021-03-31-accounts - Canterbury Archaeological Trust Limited

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				Page
Reference and adnunistrative		details ofthe	Charity, its Trustees and advisers
Trustees' report				2- 10
Independent auditors'	report	on the finanoial	statements	11 —13
Statement offinancial	activities			14
Balance sheet
Statement ofcash flows				16
Notes to the financial	statements			17-33

TlIlstees		Professor Christopher LBounds MA MEd DPhil
		Mr Andrew JCorby LL.BLLM., Secretary
		Mr Richard G Esles MA FSA
		Dr Elizabeth CEdwards BAPhD
		Mr Peter TGHobbs MA CCIPD FRSA
		Brigadier M John Meardon DL FCMI RM, Chairman
		Ms Melanic JNye BAFCCA, Treasurer
		Mr Martm GPratt MA LL.MFRSA
		Mr Chnstopher JRobinson MA MBA MRICS
		Dr David JShaw BAPhDDLitt
		Miss Cbristme LWaterman MBEBAAMA
		Mr Nicholas JWatts MAAT AAT QBBAHone
Company registered number		0144 1517
Cbarity registered number		278861
Registered	office	92A Broad Street
		Canterbury
		Kent
		CT12LU
Company secretary		Mr A Corby LL.BLLM
independent	auditors	UHY Kent LLPt!aUHY Hacker Young
		Chartered Accountants
		Thames House
		Roman Square
		Sittingbourne
		Kent
		ME104BJ

			Unrestricted		Total	To/ul
			funds	Restricted funds	funds	thuds
			2021	2021	2021	2020
		Note
Income from:
Donations snd legacies			152,155	113,190	265,345	/37,506
Charitable activities			1,499,541		1,499,541	I,808,/28
Investments			329		329	/,270
Other income						2,968
			1,652,025	113,190	1,765,215	1,949,872
Total income
Expenditure on: Chantable activities		7	1,737,549	84,505	1,822,054	I,767,899
Total expenditure			1,737,549	84,505	1,822,054	I,767,899
Net movement ia funds before other
recognised gains/(losses)			(85,524)	28,685	(56,839)	/8/, 973
Other recognised gains/(tosses):
Actuarial losses an schemes	defined benefit pension					(289,000)
			(85,524)	28,685	(56,839)	(107,027)
Net movement in funds
Reconciliation offunds:
Total funds brought	forward		1,198,981	108,027	1,307,008	/, 414,035
Net movement in funds			(85,524)	28,685	(56,839)	(/07, 027)
		17	1,113,457	136,712	1,250,169	/, 307,008
Total funds carried	forward

					2021		2020
							6
			12		433,593		454,029
					433,593		451,029
Current assets
			13	697,442		639,536
				628,351		681.0S6
				I225,793		/,321,592
Crcditorsi	amounts	falling due within one year	14	(479.9711		(439,623)
Nct ciirrest assets					845,815		88/,969
Tctsl amctslcss cnrrmtt tlabgitlm					1,279,408		l,552,998
Cnulitoiu	amouols	falling duc siier more than onc
yem			15		(29239)		(2S.990)
Nm wneu	csclmgsg pcorluo mscl				1250,169		/,307,008
Total set	assets				1,250,169		l,507,008
tgmdty funds
Rcstriucd	fuads		17		136,712		)06,027
Unrestricted gmds			17		1,113,437		t,)9(tpgl
					1250,169		).307,AN

			2021	2020
				6
Cash flows from operating	activities
Net cash used in operating	activities		(41,958)	203,835
Cash flows from investiag	activities
Dividends, interests snd rents Rom investments			250	f270
Purchase oftangible fixed	assets		(11,997)	f50,95))
Net cash used ia investing	activities		(11,747)	(49,681)
Cash )lowe from financiag	activities
Net cash provided by financing activities
Change in cash and cash equivalents		in the year	(53,705)	154,154
Cash and cash equivalents	at the beginning ofthe year		682,056	527,902
Cash and cash equivalents	at the end	oftbe year	628,351	682, 056'
The notes on pages 17to 33form part		ofthese financial statements

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2021f	2021	2021	2020
Donations		(27,601)	113,190	85,589	79,347
Legacies		11,490		11,490	58,159
Grants		52,700		52,700
Government	grants	115,566		115,566
		152,155	113,190	265,345	237,506
Analysis of2020 total tiyfund		97,637	39,869	237,506

Analysis ofexpeaditure	Analysis ofexpeaditure	Analysis ofexpeaditure	by activities
						Activities
						undertaken		Total	Total
						directly	Support costs	funds	funds
						2021	2021	2021	2020
						8
Archaeological	activities					1,263,093	558,961	1,822,054	1,767,899
Analysis of2020 total						1,393,909	373,990	1,767,899
Analysis ofdirect		costs
								Total	Total
								funds	funds
								2021	2020
Staffcosts								935,121	1,138,485
Office refurbishment		and	other expenses					3,956	1,707
Travel snd accommodation								25,617	20,401
Hire ofequipment								135,160	79,051
Materials								15,981	10,498
Speciahst fees								122,717	107,428
Sundry expenses								24,541	7,089
Grants made by	Friends ofCanterbury			Archaeological	Trust				29,250
								1,263,093	1,393,909

Analysis of	su	pport	cos	ts (c	ontinue	d)
								Total	Total
								funds	funds
								2021	2020
								g
Staffcosts								299,450	150,974
Depreciation								29,433	20,473
Rent								16,087	8,132
Rates								1,046	L067
Light and heat								18,108	15,493
Insurance								79,496	20,527
Telephone								14,686	19,019
Printing, post,		stationery		and	advertising			5,829	9,384
Computer, consumables				and	cleaning			23,701	7,616
Repau s,maintenance			and cleaning					24,662	25,286
Subscriptions								10,021	7,931
Staff training									251
Sundries								6,316	8,115
Legal and professional								22,610	32,303
Interest payable								2,357	1,736
Bank interest		and charges						116	157
Provision for bad debts								(4,531)	1,334
Hosting and	other charges							140	140
Governance	costs							9,434	44,052
								558,961	373,990
Auditors' remuaeration
								2021	2020
								8
Fees payable	to the Charity's				auditor	for the audit ofthe Charity's	annual accounts	7,250	13,360
Fees payable	to the Charity's				auditor	in respect of:
All non-audit		services	not included			above		850	780

				2021	2020
				K
Wages and		salanes		1,080,772	1,132,927
Social security costs				95,779	97,948
Contribution		to defined contnbution	pension schemes	58,020	69,577
Operating	costs ofdefined benefit pension schemes				12,140
				1,234,571	1,312,592

		2021	2020
		No.	74o.
Archaeological	excavations	39	41
Administrative	and support	5	6
		44	47

			Freehold	Pleat and		Computer
			property	machinery	Motor vehides	equipment	Total
					8	8
Cost
At 1 April 2020			375,000	146,524	18,749	239,274	779,547
Additions				870	8,500	2,627	11,997
Drspcsals					(5,995)		(5,995)
At 31March	2021		375,000	147,394	21254	241,901	785,549
Depreciation
At 1 Apnl 2020				120,678	17,974	189,866	328,518
Charge for the year				10,978	1,585	16,870	29,433
On dispossls					(5,995)		(5,995)
At 31March	2021			131,656	13,564	206736	351956
Net book value
At 31March	2021		375,000	15,738	7,690	35,165	433,593
At 31March	2020		375,000	25,846'	775	49,408	451,029
Debtors
						2021	2020
Due vritbtn one year
Trade debtors						497,986	335,396
Other debtors						8,111
Prepayments	snd accrued income					15,655	80,507
Amounts recoverable		on long term contracts				175,233	223,175
Tax recoverable						457	458
						697,442	639,536

	2021	2020
Payments received on account	214,244	189,762
Trade creditors	123,346	96,601
Other taxation and social security	92,942	96;598
Other creditors	8,255	21,635
Accruals snd deferred mcome	41,191	35,027
	479,978	439,623

					2021	2020
	Accruals	and deferred income			29,239	25,990
16.	Financial	instruments
					2021	2020
	Financial	assets
	Financial	assets measured	at fair value through	mcome and expenditure	628,351	682056

Statement offunds	-	current year
					Balance atI			Balance at31
					April 2020	Income	Expenditure	March 2021
					g		g
Unrestricted funds
Designated funds
Freehold property					375,000			375,000
Generalfunds
General Funds					823,981	1,652,025	(1,737,549)	738,457
Total Unrestricted	funds				1,198,981	1,652,025	(1,737,549)	1,113,457
Restricted funds
Trust capital account		reserve			5,825		(5,825)
Friends ofCanterbury		Archaeological	Trust	- General
fund					55,115	11,490	(1,097)	65,508
Friends ofCanterbury		Archaeological	Trust	—Donald
Baron Bursaries Fund					34,996		(429)	34,567
Historical Map					4,000		(4,000)
CAT Courses					2,722			2,722
Wincheap					5,369		(5,369)
Historic England						42,000	(26,811)	15,189
National Heritage						9,700	(8,562)	1,138
Lossenbsm						50,000	(32,412)	17,588
					108,027	113,190	(84,505)	136,712
Total offunds					1,307,008	1,765,215	(1,822,054)	1,250,169

Statement offunds(eoatinuedi	Statement offunds(eoatinuedi
Statement offunds - prior year
	Balance at				Gains/	Balance at
	IApril 2019f	Income	Expenditure	Transfers inloutf	(Losses) f	31March 2020 f
Unrestricted fuads
Designated funds
Freehold property	375,000					375,000
General funds
General funds	633,376	1,897435	(1,73li830)	30,000		823,981
Pension reserve	289,000				(289,000)
	922,376	1,897,435	(1,736830)	30,000	(289,000)	823,981
Total Unrestricted
funds	1,297,376		(1,736830)	30,000	(289,000)	1,198,981
Restricted funds
Trust capital account
reserve	5,825					5,825
Trust - General
Fund	72,805	12,879	(30,569)			55,115
Baron Bursaries
Fund	35,307	189	(500)			34,996
CAT Courses	2,722					2,722
Historical Msp		4,000				4,000
Wincheap		5,369				5,369
East Wear Bay		30,000		(30,000)
	116659	52,437	(31,069)	(30,000)		108,027
Total offunds	1,414,035	52,437	(L 767,899)		(289,000)	1,307,008

Summary	offunds - current year
		Balaace at 1			Balance at 31
		April 2020	income	Expeaditure	March 2021
		8		g
Designated	funds	375,000			375,000
General funds		823,981	1,652,025	(1,737,549)	738,457
Restricted	funds	108,027	113,190	(84,505)	136,712
		1,307,008	1,765,215	(1,822,054)	1,250,169

Summary	offunds —	prior year
		Balance at					Gains/	Balance at
		IApn1 2019f	Income	Expenditure	Transfers	tn)out	(Losses)	31March 2020
Designated	funds	375,000						375,000
General funds		92237o	1,897,435	(1,736,830)		30,000	(289,000)	823,981
Restricted	funds	IIo,659	52437	(31,069)	(30,000)			108,027
		1,414,035	1,949,872	(1,767,899)			(289,000)	1,307,008

Analysis	ofne	t assets between funds - current year
			Unrestricted	Restricted	Total
			funds	funds	funds
			2021	2021	2021
Tangible	fixed	assets	433,593		433,593
Current	assets		1,189,081	136,712	1,325,793
Creditors	due	within one year	(479,978)		(479,978)
Creditors	due	in more than one year	(29,239)		(29,239)
Total			1,113,457	136,712	1,250,169

Analysis	ofnet assets between funds —prior ye	ar
		Unrestricted		Endowment	Total
		funds	Restricted funds	funds	funds
		2020	2020	2020	2020f
Tangible	fixed assets			451,029	451,029
Current	assets		108,027	1,213,565	1,321,592
Creditors	due within one year			(439,623)	(439,623)
Creditors	due in more than one year			(25,990)	(25,990)
Total			108,027	1,198,981	1,307,008

					2021	2020
						6
Net income/expenditure		for the year (asper		Statement ofFinancial Activities)	(56,839)	181,973
Adjustments for:
Depreciation charges					29,433	20,473
Dividends, interests	and rents &om investments				(250)	(1,270)
Increase in debtors					(57,906)	(3,527)
Increase in creditors					43,604	6,186
Net cash provided	by/(used		in) operating	activities	(41,958)	203,835
Analysis ofcash and cash equivalents
					2021	2020
Cash in hand					628,351	6'82,056
Total cash and cash equivalents					628,351	682,05o

						At 1April		At31March
						2020	Cash tlows	2021
							5
Cash	at	bank	and	in	hand	682,056	(53,705)	628,351
						682,056	(53,705)	628,351

2021 g	2020f
	9,000

		2021	2020
Not later	than 1 year	53,192	39,057
Later than	1 year and not later than 5 years	146,997	744,908
Later than	5years	449,753	483,06'8
		649,942	667,033