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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|
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##
|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|
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||||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|||
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|||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||
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|8.|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|
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|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|
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|||||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|
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||||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|
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||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|||||||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|
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|2021
g|2020f|
|---|---|
||9,000|
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|||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|
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