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|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe Charity, its Trustees and advisers|||
|Trustees' report||||2-13|
|Independent
auditors'|report|on the financial|statements|14- 16|
|Statement offinancial|activities|||17|
|Balance sheet|||||
|Statement ofcash flows|||||
|Notes to the financial|statements|||20-35|
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|||||||||||||Strategy to address risk|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Long-term|demand||risk:|||||||||Trust Director
and Senior Managers
monitor
and smvey|
|||||||||||||demand,
' resources
concentrated
on primary
activities; new|
|Insufficient|demand|||for|charity's||services|||leaves|it|sources of funding
actively
sought;
continuously
develop|
|unsustainable.||||||||||||and implement
a pro-active
marketing
plan; production
of|
|||||||||||||external newsletter
to enhance Trust profile.|
|Competition|risk:|||||||||||Identify
and concentrate
on strengths;
review activities and
develop/retain
client-base; establish
links with key referrers;|
|Presence ofother organisations||||||with|similar objectives||||and|production
ofexternal newsletter
to enhance Trust profile;|
|little
scope||for|differentiation;||||other||organisations|||impmve
efficiency
and quality of service, where possible;|
|competing|for|the smne||sources ofincome.||||||||develop
and
implement
a
custoiner
management
and|
|||||||||||||retention
strategy.|
|Operationalt|||||||||||||
|Risk||||||||||||Strategy to address risk|
|Human resources risk —H&S risk||||||||||||H&S policy
articulated
in staff handbook;
H&S training|
|||||||||||||provided
to staff and volunteers,
as appropriate
to their role;|
|Staff
fatality/RIDDOR;|||||Fatality/RIDDOR|||||injury|to|RAMS provided for each Trust project; sufficient insurance|
|volunteer/third||party.||||||||||in place
and
maintained;
H&S Manager
in post;
H&S|
|||||||||||||Consultation
Forum
meets
regularly;
H&S
Manager|
|||||||||||||compiles
quarterly
report
for
Trust
Director;
Trustees|
|||||||||||||review H&S at Finance
and Management
committee
and|
|||||||||||||Board meetin
s.|
|Income risk —Marketing||||risk:||||||||Improve
efficiency
and
quality
of service;
develop
and|
|||||||||||||implement
a customer
management
and retention
strategy;|
|Other charities||and|companies|||competing||for||donations|or|identify
and concentrate
on strengths;
review activities and|
|similar (commercial/grant)|||||sources ofincome.|||||||develop/retain
client-base; establish links with key referrers;|
|||||||||||||remain
aware ofcompetitor activities.|
|ompliance:|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Risk||||Strategy|to address risk||||||
|FCAT non-compliance||—Health and safety risk:||RAMS produced||for FCAT activities,||monitored||by CAT|
|||||H&S Manager;||policies|and procedures||vetted|by senior|
|Non-compliance|for FCAT activities;|||managers|and approved||by the Board.||||
|Data Protection|risk:||||||||||
|Legislative requirements||not known or complied|with.||||||||
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||||Unrestricted||Total|Total|
|---|---|---|---|---|---|---|
||||funds|Restricted funds|funds|fends|
|||Note|2023|2023|2023|2022f|
|Income from:|||||||
|Donations
and legacies|||17,022|29,700|46,722|53,257|
|Charitable
activities|||2,355,882|33,000|2,388,882|2,510,883|
|Investments|||3,776||3,776|105|
|Total income|||2,376,680|62,700|2,439,380|2,564,245|
|Expenditure
on.|||||||
|Charitable
activities||7|2,345,189|88,808|2,433,997|2,040,614|
|Total expenditure|||2,345,189|88,808|2,433,997|2,040,o/4|
|Net income/(expenditure)|||31,491|(26,108)|5,383|523,631|
|Transfers between
funds||17|(28,032)|28,032|||
|Net movement
in funds|||3,459|1,924|5,383|523,631|
|Reconciliation
offunds:|||||||
|Total funds brought|forward||1,660,825|112,975|1,773,800|1,250,169|
|Net movement
in funds|||3,459|1,924|5,383|523,631|
|Total funds carried|forward||1,664,284|114,899|1,779,183|1,773,800|
##
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|||Note||2023
8||2022f|
|---|---|---|---|---|---|---|
|Fixed assets|||||||
|Tangible assets||12||444,919||435I,110|
|Current assets|||||||
|Debtors||13|1,207,956||585,414||
|Cash st bank and in|hand||822,254||I,169,808||
||||2,030,210||1,755,222||
|Creditors: amounts|falling due within one year|14|(656,223)||(394,542)||
|Net current assess||||1,373,987||1,360,680|
|Total assets less current liabilities||||1,818,906||1,799,790|
|Cmditors: amounts|falling due aller more than one||||||
|year||15||(39,723)||(25,990)|
|Total net assets||||1,779,183||1,773,800|
|Charity
funds|||||||
|Restricted funds||17||114,899||112,975|
|Umestricted
funds||17||1,664,284||1,660,825|
|Total fuads||||1,779,183||1,773,800|
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||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
|||||||Note|g||
|Cash Aows from operating||activities|||||||
|Net cash used in operating||activities||||20|(345,795)|579,496|
|Cash flows from investing||activities|||||||
|Dividends,
interests
snd rents &om investments|||||||3,776|305|
|Purchase oftangible fixed|assets|||||12|(38,994)|(38043)|
|Net cash used in investing||activities|||||(35,218)|(38,038)|
|Cash flows froin financing||activities|||||||
|New finance leases|||||||33,458||
|Change in cash and cash equivalents|||in|the year|||(347,555)|541,458|
|Cash and cash equivalents|at the beginning|||ofthe year|||1,169,809|028,353|
|Cash and cash equivalents||st the eud|of|the year||21|822,254|L369,809|
|The notes on pages 20 to 35 form part|||ofthese financial||statements||||
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|Freehold|land||Nil||
|---|---|---|---|---|
|Freehold|property||Nil||
|Fixtures|and fittings||4years straight|line|
|Motor vehicles|||5 years straight|line|
|Computer|equipment|and sofiware|3years straight|line|
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|4,|Income from donations|and legacies|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
||||2023|2023|2023|2022|
||||8|K|||
||Donations||15,022|6,350|21,372|48,759|
||Grants||2,000|23,350|25,350|4,498|
||||17,022|29,700|46,722|53,257|
||Analysts ofZ022 total by|fund|43,243|10,014|53,257||
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2023|2023|2023|Z022f|
|Archaeological
activities||2,329,970|33,000|2,362,970|2,481,203|
|Educational|initiatives|25,912||25,912|29,680|
|||2,355,882|33,000|2,388,882|2,510,883|
|Analysis of20Z2 total byfund||2,510,883||2,510,883||
|Investment|income|||||
||||Unrestricted|Total|Total|
||||funds|funds|funds|
||||2023f|2023|2022f|
|Investment|income||3,776|3,776|105|
|Analysis of2022 total byfund|||105|105||
##
##
||Analysis ofexpenditure|Analysis ofexpenditure|Analysis ofexpenditure|on charitable|activities||||||
|---|---|---|---|---|---|---|---|---|---|---|
||Summary
by fund||type||||||||
||||||||Unrestricted|Restricted|||
||||||||funds|funds|Total|Total|
||||||||2023|2023|2023|2022|
||Archaeological|activtttes|||||2,345,189|88,808|2,433,997|2,040,614|
||Analysis of2022 total byfund||||||2,001,038|39,576|2,040,614||
|g.|Analysis ofexpenditure|||by activities|||||||
||||||||Activities||||
||||||||undertaken||Total|Total|
||||||||directly|Support costs|funds|funds|
||||||||2023|2023|2023|2022|
|||||||||f,|||
||Archaeological|activities|||||1,922,593|511,404|2,433,997|2,040,614|
||Analysis of2022 total||||||1,571,074|469,540|Z,040,614||
||Analysis ofdirect||costs||||||||
||||||||||Total|Total|
||||||||||funds|funds|
||||||||||2023|2022|
||StafFcosts||||||||1,230,952|1,120,947|
||Office refurbishment||and|other expenses|||||77,115|1,669|
||Travel and accommodation||||||||47,525|39,100|
||Hire ofequipment||||||||344,244|254,194|
||Materials||||||||17,015|16,756|
||Specialist fees||||||||185,745|111,107|
||Sundry expenses||||||||17,762|27,301|
||Grants made by|Friends ofCanterbury|||Archaeological|Trust|||2,235||
||||||||||1,922,593|1,571,074|
##
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||||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||funds|feeds|
||||||||||2023|2022f|
||Staffcosts||||||||246,862|238,938|
||Depreciation||||||||33,186|32,708|
||Rent||||||||20,085|19,324|
||Rates||||||||259|3,375|
||Light and heat||||||||24,349|2L080|
||Insurance||||||||30,008|26,408|
||Telephone||||||||12,426|7,986|
||Printing,
post, stationery||||and|advertising|||13,357|6,986|
||Computer,
consutnabies|||and||cleaning|||24,227|25,001|
||Repairs, maintenance||and||cleaning||||39,426|40,81I|
||Subscriptions||||||||8,828|10,171|
||Sundries||||||||3,379|4,234|
||Legal and professional||||||||44,052|23,6o3|
||Interest payable||||||||3,377|3,374|
||Bank interest|and charges|||||||83|92|
||Provision for bad debts|||||||||(4,071)|
||Hosting
and|other charges||||||||lop|
||Governance|costs|||||||7,500|9,300|
||||||||||511,404|469,540|
|9,|Auditors'
remuneration||||||||||
||||||||||2023|2022|
||Fees payable|to the Charity's||||auditor|for the audit ofthe Charity's|annual accounts|8,500|7,338|
||Fees payable|to the Charity's||||auditor|in respect of:||||
||All non-audit|services|not included||||above||1,038|1,400|
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|Staff costs||||||
|---|---|---|---|---|---|
|||||2023|2022f|
|Wages and|salanes|||1,285,937|1,193,459|
|Social security costs||||123,012|105,803|
|Contribution|to defined contribution|pension|schemes|68,865|00,623|
|||||1,477,814|1,359,885|
|||2023|2022|
|---|---|---|---|
|||No.|No.|
|Archaeological|excavations|41|42|
|Administrative|and support|||
|||47|47|
|2023|2022|
|---|---|
|No.|No.|
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||Freehold|Plant and||Computer||
|---|---|---|---|---|---|
||property|machinery|Motor vehicles|equipment|Total|
|Cost||||||
|At 1 April 2022|375,000|162,680|37,985|246,527|822,192|
|Additions||5,226|27,474|6,294|38,994|
|Disposals||(18,893)||(140,390)|(159,283)|
|At 31March 2023|375,000|149,013|65,459|112,431|701,903|
|Depreciation||||||
|At 1 April 2022||139,038|18,631|225,413|383,082|
|Charge for the year||9,605|5,501|18,079|33,185|
|On disposals||(18,893)||(140,390)|(159,283)|
|At 31March 2023||129,750|24,132|103,102|256,984|
|Net book value||||||
|At 31March 2023|375,000|19,263|41,327|9,329|444,919|
|At 3l March 2022|375,000|23,642|19,354|Zl,ll4|439,7jo|
##
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|||||2023|2022f|
|---|---|---|---|---|---|
|Due within
one year||||||
|Trade debtors||||949,432|373,883|
|Other debtors|||||38|
|Prepayments
and accrued income||||23,818|l6,039|
|Amounts
recoverable|on long-term|contracts||232,728|193,476|
|Taxrecoverable||||1,978|1,978|
||||1|207956|585474|
##
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|||2023|2022|
|---|---|---|---|
|Payments
received on account||252,656|162,144|
|Trade creditors||203,144|46,352|
|Other taxation and social security||139,084|123,845|
|Obligations
under finance lease and hire purchase|contracts|5,661||
|Other creditors||9,935|8,274|
|Accrusls||45,743|53,927|
|||656,223|394,542|
##
|||2023|2022|
|---|---|---|---|
||||6|
|Net obligations|under finance lease and hire purchase contracts|16,982||
|Accruals||22,741|25,990|
|||39,723|25,990|
##
|||||||||||2023f|2022f|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Financial|assets|||||||||||
|Financial|assets|measured|at|fair|value|through|income|and|expenditure|822,254|1,169,808|
##
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##
|Statement
offunds|||||||||
|---|---|---|---|---|---|---|---|---|
|Statement
offunds|- current year||||||||
|||||Balance at I|||Transfers|Balance at 31|
|||||April 2022|Income|Expenditure|in/out|March 2023|
|Unrestricted
funds|||||||||
|Designated
funds|||||||||
|Freehold property||||375,000||||375,000|
|General funds|||||||||
|General Funds||||1,285,825|2,376,680|(2,345,189)|(28,032)|1,289,284|
|Total Unrestricted|funds|||1,660,825|2,376,680|(2,345,189)|(28,032)|1,664,284|
|Restricted funds|||||||||
|Trust capital account|reserve|||5,825||||5,825|
|Friends ofCanterbury||Archaeological|||||||
|Trust - General fund||||59,847||||59,847|
|Friends ofCanterbury||Archaeological|||||||
|Trust —Donald Baron Bursaries Fund||||44,581||||44,581|
|Canterbury
Archaeological|||Trust||||||
|Courses||||2,722||(2,722)|||
|The Atlas Project|||||6,350|(1,704)||4,646|
|National
Heritage|||||23,350|(47,963)|24,613||
|Project East Wear Bay|||||33,000|(36,419)|3,419||
|||||]12,975|62,700|(88,808)|28,032|114,899|
|Total offunds||||1,773,800|2,439,380|(2,433,997)||1,779,183|
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|17.|Statement offunds|(continued)|(continued)|(continued)||||||
|---|---|---|---|---|---|---|---|---|---|
||Statement offunds|- prior||year||||||
||||||Balance at||||Balance at|
||||||1April 20Z1|Incomef|Brpenditare|Transfers tnloat
f|31March 2022|
||Unrestricted
funds|||||||||
||Designated
funds|||||||||
||Freehold property||||375,000||||375,000|
||General funds|||||||||
||General Funds||||732,632|2,554,231|(2,001,038)||1,285,825|
||Total Unrestricted|funds|||1,107,632|2,554,231|(2,001,038)||1,660,825|
||Restricted funds|||||||||
||Trust capital account||reserve||5,825||||5,8Z5|
||Friends ofCanterbury||Archaeological|||||||
||Trust
—General fund||||65,508||(5,661)||59,847|
||Friends ofCanterbury||Archaeological|||||||
||Trust
—Donald Baron||Bursaries Fund||34,567|10,014|||44,581|
||Canterbury
Archaeological|||Trust||||||
||Courses||||2,722||||2,722|
||Historic England||||15,189||(15,189)|||
||National
Heritage||||1,138||(1,138)|||
||Losseubam||||17,588||(17,588)|||
||||||142,537|10,014|(39,576)||112,975|
||Total offunds||||1,250,169|2,564,245|(2,040,614)||1,773,800|
##
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##
|Summary|offunds - current|year|||||
|---|---|---|---|---|---|---|
|||Balance at I|||Transfers|Balance at31|
|||April 2022|Income|Expenditure|in/out|March 2023|
|Designated|funds|375,000||||375,000|
|General funds||1,285,825|2,376,680|(2,345,189)|(28,032)|1,289,284|
|Restricted|funds|112,975|62,700|(88,808)|28,032|114,899|
|||1,773,800|2,439,380|(2,433,997)||1,779,183|
|||Balance at|||Balance at|
|---|---|---|---|---|---|
|||IApril 2021f|Income|Expenditure|31March 2022|
|Designated|funds|375,000|||375,000|
|General funds||732,632|2,554,231|(2,001,038)|1,285,825|
|Restricted|funds|142,537|10,014|(39,576)|112,975|
|||1,250,169|2,564,245|(2,040,ol4)|1,773,800|
##
|Analysis|ofne|t assets between
funds - current year||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2023f|2023|2023|
|Tangible|fixed|assets|444,919||444,919|
|Current|assets||1,915,311|114,899|2,030,210|
|Creditors|due|within one year|(656,223)||(656,223)|
|Creditors|due|in more than one year|(39,723)||(39,723)|
|Total|||1,664,284|114,899|1,779,183|
##
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##
|||Unrestricted||Total|
|---|---|---|---|---|
|||(unde|Restncted funds|funds|
|||2022|2022|2022|
|Tangible|flxed assets|439,110||439,110|
|Current assets||1,642,247|112,975|1,755,222|
|Creditors|due within one year|(394,542)||(394,542)|
|Creditors|due in more than one year|(25,990)||(25,990)|
|||1,6'60, 825|112,975|1,773,800|
|||||2023|2022f|
|---|---|---|---|---|---|
|Net income for the|year (as per Statement||ofFinancial Activities)|5,383|523,631|
|Adjustments
for:||||||
|Depreciation
charges||||33,185|32,626|
|Dividends,
interests|and rents|from investments||(3,776)|(105)|
|Decrease/(increase)|in debtors|||(622,542)|112,028|
|Increase/(decrease)|in creditors|||241,955|(88,684)|
|Net cash provided|by/(used|in) operatiag|activities|(345,795)|579,496|
##
|||2023|2022f|
|---|---|---|---|
|Cash|in hand|822,254|1,169,809|
|Total|cash snd cash equivalents|822,254|1,169,809|
##
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||At 1April||At 31March|
|---|---|---|---|
||2022|Cash flows|2023|
|Cash at bank and in hand|1,169,808|(347,554)|822,254|
|Finance leases||(22,643)|(22,643)|
||1,169,808|(370,197)|799,611|
##
|||2023|2022|
|---|---|---|---|
|Not later|than
1 year|48,373|52,484|
|Later than|1 year and not later than 5 years|135,509|140,231|
|Later than|5 years|383,123|416,438|
|||567,005|609,153|
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