2022-03-31-accounts

Colchester Archaeological Trust Ltd RegistEred office.. Romun Circus House, Romun Circus Wolk, ColchESter, E55EX, C02 76Z Tel.. [phone] Em¢Til.' ctrchcteolo (Ttuk.or Web51te.' www.thecolche5teTGrchL¥eolo 1St.co.uk Attenborough {Accountants} Limited. 1 Tower House, Tower Centre, Hoddesdon, Herts. EN118U Dear Sirs, We hereby confirm to the best of our knowledge and belief, having made appropriate enquiries of other officials of Ihe charity, Ihe following representations given to you in connection with your audit of the financial statements for the period ended 31, March 2022. We acknowledge as trustees our responsibilities for preparing financial statements, in accordance with applicable law and U.K. Generally Accepted Accounting Principles (UK GAAP) that give a true and fair view and for making accurate represenlations to you as auditors. We confirm that all accounting records have been made available to you for the purposes of your audit, in accordance with your terms of engagement, and that all transactions undertaken by the charity have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management, trustees, and members meetings, have been made available to you. We have given you unrestricled access to persons within the charity in order to obtain audit evidence and have provided any additional information that you have requested for the purposes of your audit. We confirm that significant assumptions used by us in making accounting estimates, including those measured ai fair value, are reasonable. We confirm that all known actual or possible litigation and claims whose effects should be onsidered when preparing the financial statements have been disclosed to the auditor and accounted for and disclosed in accordance with UK GAAP. President. Profe550r Michael Fulford C B.E. F.8.A. Chairman. Nick Wickenden M.A.. F.5 A.. A M A. CDmpGny SecfetGfV.' John Mallin50n M.A. Director Df Archueology.. Philip Crumtny M.A., F.S.A., M.l.F.A

Colchester Archaeological Trust Ltd RegistEred office.. Romun Circus House, Romun Circus Wolk, ColchESter, E55EX, C02 76Z Tel.. [phone] Em¢Til.' ctrchcteolo (Ttuk.or Web51te.' www.thecolche5teTGrchL¥eolo 1St.co.uk We confirm that there have been no events since the balance sheet dale which require disclosing or which would materially affect the amounts in the financial stalemenls, other than those already disclosed or included in the financial slalemenls. We confirm that all related party relationships and transaclions have been accounted for and disclosed in accordance with UK GAAP. We confirm that the charity has had, at no time during the year, any 8rr8ngements, transaction or agreement to provide credit facilities (including loans, quasi-loans or credit transactions) for trustees, nor to guarantee nor provide security for such matters, except as already disclosed in the accounts. We confirm that the charity has not contracted for any capilal expenditure other than as disclosed in the financial slalements. We have disclosed to you all known instance of non-compliance with those laws and regulations whose effects should be considered when preparing the financial statements. 10. We acknowledge our responsibility for the design and implementation of controls to prevent and detect fraud. We confirm that we have disclosed to you the results of our risk assessment of the risk of fraud in the charity. We confirm that there have been no actual or suspected instances of fraud involving trustees. management or employees who have a significant role in inlernal conlrol of that could have a material effect on the financial statements. We also confirm that we are not aware of any allegations of fraud by former trustees, employees, regulators or others. 12. We confirm that, in our opinion. the charity is a going concern on the grounds that currenl and future sources of funding or support will be more than adequate for the charities needs. We believe that no further disclosures in respect of the charity's ability to continue as a going concern need to be made in the financial statements. We also wnfirm the period that we have Th)nsidered Govers a minimum of 12 months from the date of this letter. President. Profe550r Michael Fulford C B.E. F.8.A. Chairman. Nick Wickenden M.A.. F.5 A.. A M A. CDmpGny SecfetGfV.' John Mallin50n M.A. Director Df Archueology.. Philip Crumtny M.A., F.S.A., M.l.F.A

Colchester Archaeological Trust Ltd RegistEred office.. Romun Circus House, Romun Circus Wolk, ColchESter, E55EX, C02 76Z Tel.. [phone] Em¢Til.' ctrchcteolo (Ttuk.or Web51te.' www.thecolche5teTGrchL¥eolo 1St.co.uk 13. We confirm that all grants, donations and other income. including those subject to special terms or conditions or received for restricted purposes, have been nolified to you. There have been no breaches of terms or conditions during the period regarding ihe application of such income. 14. The effects of unadjusted misslalements (if any) are immaterial, both individually and in aggregate, to the financial slalements as a whole. Where there are any unadjusted misstatements then a list is attached to this letter. 15. We confirm that we are not aware of any matters of material significance that should be reported to the Charity Commission. 16. We acknowledge our legal responsibilities regarding disclosure of informalion lo you as auditors and confirm Ihat= So far as each trustee is aware, there is no relevant audit information of which you as auditors are unaware.. and Each trustee has taken all the steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that you are aware of that information. We confirm that the above representations are made on the basis of enquiries of management and staff with relevant knowledge and experience and, where appropriate, of inspection of supporting documentation sufficient to satisfy us that we can properly fflake each of the above representations to you.. President. Profe550r Michael Fulford C B.E. F.8.A. Chairman. Nick Wickenden M.A.. F.5 A.. A M A. CDmpGny SecfetGfV.' John Mallin50n M.A. Director Df Archueology.. Philip Crumtny M.A., F.S.A., M.l.F.A

}Ifl Colchester Archaeological Trust Ltd Reqistered office.. Romon Circus House, Roman Circus Wolk, Colchester, Essex, C02 7GZ Tel.. [phone] Emtsil." or¢hoeolo cotuk.or Websire.. www.the¢ol¢hesterorchoeoltr isr.ctr.uk Nichol35 WiLkenden IDei 22, 2022 14..28 GMT) Chairman of Trustees 1212212022 Date: ¥re5ident.. Pfole550r Michoel FulJDrd C.B.E.. F.B.A. Choirman.. Nick WiikeNden Pl.A., F.%.A., A.M.A. Company Secretory.- John bAèllinsort M.A. Oirtctor of Afchoeology-. Philip Crummy M.A., F.S.A., M.l.F.A 115tèrÈd(hanty 12833541 v ConlPanyl1578133. En8landl limited by guar￿1￿È • ATrhaè￿o￿eaIÉ0￿1fféE1OrS LoColchèsiÈrBWhCouhC rgNSTÈ4>

REGISTERED CUMPANY LNUMBER." 111571$133 (England and Ivales) REGISTERED CHARITI" NUMBER: 283354 Report of thc Trustces and Financial Statements for the Year Ended 31st March 2022 for COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Attenboroughs IAL¢OUlltants) Limited Statutory Auditor I rower Houst Tower C'.entre Hoddesdon Hertfordbhire ENII 8UR

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Contents of the Financial Statements for the year ended 31st f*lareh 2022 Page Report of the Trustees Report of the Independent Auditors Statement of Financial Activities 10 Balanee Sheet Cash Flow Statement 12 Not¢5 to the Cash Flow Statement 13 Note5 to the Financial Statements 14 to 24 Detalled Statement of Financlal Actli'itles 25 to 26

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Report of the Trustees for the year ended 31st ￿larCh 2022 The ttustees who are a150 diiectors of the charity for the PUTP05es of the Companies Act 2006, present theiT leport with the fillancial ststements of tlie charity for the year ended 3 1st March 2022. The triistees have adopted the provisions or Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportingi Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective l January 2019)- ORIECTIVES AND ACTIVITIES Objectiies and aims The objectives of the Trust are to advance the education of tlie public in the science of archaeology and to promote the appropri(Ite preseTh'(Ition. reLording, excavation and interpretation uf aTLhaeologiLal sites histOriL buildin¥s in Colchester and the neighbouring districts. To achieve these ends the Trust has the power to conduct archaeological excavations and surveys, carry out appropriate resedich, publibh the rebults {￿d mount exhibitiuns. The Trust is vblibled to ensure the &ale-keepin¥ ol. all itb findb dnd records and to arrat]ge for their eventual deposition in an appropriate public insti￿tion. Powers to achieve these ends include.. al the ability to acquire, mortgage, rent or Sell real or personal estate,. b) the ability to collstruct, maintain or alter houses or otheT buildings,. cl to accept gifts of pmperty; dl Ihe ability lo raise money by appeals or subscripiions or by accepting donations providing ihat the Trusi does nol undettake permanent trading activities in raising funds for the objectives of the Ttust. Ensuring our work delivers our alms We ieview our aiins, Objecti￿eS and activities each year. The review look5 at what we have achieved and the progress of our work in the previous 12 months.The review also helps us to ensure our aim, objectives and activities remain focused on our slated purpose. We have referred io ihe guidance contained in the Charity Commission's general guidance on public benefit wlien reviewing our aim aiid objectiv¢5 and in plELnning our future activitie5. Public benefit The Trust promotes archaeology through lectures and open days on sites, these and other charitable aetivities are undertaken to ￿rther our charitable purposes for the public benefit. Volunteers Voliit]teer5 continue to play a crucial role in the de￿eloplnent of the centre and in the WOTk of the Trust. About 30 volunteers came to offer help on a regular basis throughout the year on a range of projects and tasks in¢liiding interacting iviih visiiors to the centre. gardening, lielping process archaeological finds from recent excavations. or helping tts make tsur giaiit 1".400 sLale model of the Roman town. Trustee volunteer Neil StaA' aided by Richard Todd and other volunteeTS continued to undertake much needed Tnainteiiance and iniprovement M'ork in and arouiid the visitor centre and the Trnst offices above. Page I

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Report of the Trustees for the year ended 31st ￿larCh 2022 ACHIEVEMENT AND PERFORMANCE STRATEGIC REPORT Aehievement and performanee Last year's increased perforniance was maintained. Total income this year was £1.317,401 {2021'. £949,316) of which £1,292,633 12021.. £797,027) related to fieldw'ork contiacts. The arLhaeolo¥ical woik piogramme both in teitns of fieldwork and report preparation was not significantly itnpacted by the Covid pandemic although fortunately we were in receipt of Colchester Borough Coiincil Business Re-stsrt grani which signifi¢antly helped the Visiior Centre. Ab in reLtnt previous dllnudl repurtb. we prestnt btlow a medsure of ptrfOtm£￿Le bdsed on the Lompletion ddttrs of the project reports since these provide a clearer indication of performance aiid achievement than project starting dates. The complctcd rcports consi8t mainly of accounts of invc8tigation% on dcvLlopmcnt %itc%, dc8ktop a%%c8smcnts of archaeological sites. archaeological excavations. and historic building surveys. These reports were uploaded on to the CAT/University ot Essex dO￿1n Ihttp'./ILat.esstx.aL.uk} aiid thereby. with the eXLeption of the de5ktUP d55esbments, made available for fTee and unrestricted public download. Based on the reports finished in the year, the tollowing table reveals the now familiar geographical spread of projects in which we can see a fairly even split between Colchester and the rest of Essex lie. 55..451 with liniited penetration into the surrounding counties. Year Colchcstcr Elscwhere in Essex Suffulk Hertfordshire Cambridge Totals 2021-22 79 63 2020-21 77 63 2019-20 112 54 2018-19 61 76 15 21117-18 68 153 172 156 138 The number of quotations accepted in the financial year 2021-22 for future new projects (as opposed to further work on cxisting nnc81 is another gond, albcit indircct. indicator af thc Truqt'f PCTfnrmancc during that pcrii)d. Thc numbcr nf jobs for which quoiations were given during this time was 236 {151) of which 64,/0 were successful. The total value of the lattet ¥ruup is more than olouble thdt of the previous yedf dltliousFh tliis is likely tu be a lar¥e spike becuube a few. of these projects are exceptionally large and are likely to extend into 2022-2023. The breakdown in ternis of pn)ject type for 2021-22 as compared w'ith previous yearb.. Year Desktop assessment BuildingF recording watching bricfs Excavations Ei'aluativnb Geopliysical surveys Heritage impact statements Toials 2021-22 2010-21 12 2019-20 21 2018-19 2017-18 57 22 45 53 13 55 72 56 22 58 58 36 47 153 172 156 138 Fieldwork The year 2021-22 was yet again another very busy year. The site of the foriner Essex County Hospital in Colchester provided another opportiu]ity to examine, not just the important and well-known Roman road whicl) led froin the area immcdiatcly 8outhwcqt of thc walled Roman town to thc Balkcrnc Ciate, but the cxtcnsivc Roman ccmctcry arc&% to either side and beyond ihe road itself. Page 2

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Report of the Trustees for the year ended 31st ￿larCh 2022 Elsewhete in Esbex, the Trubt undertovk bevet<il laige-bcdle exlav￿1t1V￿￿ including thuse at PGtnfi¢ld L<ine vn the outskirts of BraiiitTee, ATdleibFh (Martells Quarry), and Great Bentley IAdmiTa15 FaTml. Of particular note at Little Walthani, there was a Bronze Age round barrow, part of Roman-period fjeld system, Ronian biiildings and Roman ovens, and at Little Waltham where there were Bronze Age round barroivs. Roman field systems. and Roman quarry pits. Elmstead Market was in much tlie sanie mould except il included an impressive well-preserved Ro￿￿￿ timber well. Roman Circus Visitor Cenlre Thc Ccntrc has bccn opcn all ycar offcTing indcpcndcnt vi.%it% and guidcd tours, wclcoming ovcr 2,500 adult N'i%itor%, some ivith accompanying children. Assisting our tivo in-house qualified Colchester Tour Guides, seven Colchester Tour (iuides Association members volunteered to Londuct guided tours on Saturdays and special event days, including during the ndtiondl 'Heritsue Open Day, scheme Febtival of Aichaeolo¥y. The Centre is supported by a dedicated group of volunteers.. eight gardeners, two 'gap-year' students, two Sixth Fonn students, and seven in the Visitor Centre. Four talks alx)ut the circus were given to local community groups as part of our Outreach programme. well a5 hosting community group meeting5, the Centre atTanged illustrated talks for the public. Richard Bale Ircscarchcr in Ancicnt Rnman history and public 8pcakcrl prc%cntcd his'Roman Lifc. 8cricq nf discour8cs, a8 well a% ncw talks such as'Hadrian in Britain AD 122,. CAT ￿'d￿ instruinental in the founding of the annual ColLhestei RoTnI￿ FestiTral, a laige-scale event held in Luwer Castle Park, Colchester. Showcasing the Trust'5 Teplica Ronian racingF chariot, tlie staff and volunteers froTll the Visitor Centre spoke to hundreds of visitors over two days about the circus, sigllPOSting them to the Visitor Centre. As home of the Colchester Roman Society, we hosted a celebration for their 35th anniversary day welcoming over 3 visitors. Our Latin Study Day was a resounding success. Fifteen'maturt 5tudent5' enjoyed the event delivered by the Latin expert and tutor George Sharply of The Latin Quarter. Followin¥ the Covid 19 IuLkduwns and preLaulion8. bchtsols and groups are beLoming more Lonfidenl to irdvel are visitiiig auFain'. six primary 8chool visits two Latin c.lubs three special educational needs schools nine interestlhobby groups Bookings by schools lincluding from France) and groups are already being made for next year. The Lafé Wdb in etleLt franLhised uut an experiTnentdl basis frurn OLtobei 2020 tu ieduLe CAT Lobts. However, the café could only open intermittently becallse of subsequent lockdowns. The year 2021-22 proved to be more successful and a ￿'eeklY charge of £50 per iveek was introduced in June 2022 towards electricity and other running Costs. Our band ol'brilliant modellers ctsntiiiued thioughoutthe year to woi"k hard on our large-scale model of the Roinan to￿.A. It is hoped that this task will finish aTound the spring of 2022. FILYATrICIAL REVIEW FiN#nei#l potTrition Th¢ charity has gcncral r¢scrv¢s of £1,060,690 at th¢ ¢nd of thc ycar, which arc sufficicnt to ¢ov¢r l ycar and 2 months management and adrninistrative expenses and other costs. Principal funding Sources The principal fuiiding sources are fees for archaeological work. donations, gifts and reserves. Reserve5 policy The Council of Management has resolved to establish reserves to provide for future activities. Designated contingency fLmds are maintained to cover future costs. Going concern The Coui)cil of Manageinei)t is satisfied tl)at the Trust's assets in each fund are available and adequate to fulfil its obligation5 in respect of each fund. The chariiy has adequate reserves to continue as a going concern for the forseeable future. Page 3

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Report of the Trustees for the year ended 31st ￿larCh 2022 FUTURE PLANS The charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory funding arrangements. STRUCTURE, GOVERNANCE AliD MANAGEMENT Governing document The cliarily is controlled by its SFoverninb docuinent. a deed of trust, and constitutes a liiniled company. liinited by guarantcc, as dcfincd by thc Companics Act 2006. Recruitment aThd appointmeTht of new trustees Members are elected or re-elected by rotation at the Annllal General Meeting. There are no restrictions on the number of ternis of office a member can serve but the Trust's constitution does specify a maximum number ofmembers. New trustees are selected because of their expertise and competencies that they are able to ofter,. no specific training is reqiiired. Organisational structure The Council of MaiiLibFeineiit meets re¥Fularly throu¥Fhout the yedr to discuss and plLm objective5 and the itnplenientatioii thereof. Matters of general concern are raised witli all members. A eomjnittee of members with voting riglits meets separately lo discuss financial matters. The Council of ManabTemenl consists of the Trustee5 and a nurnber of ineinbers appointed by other bodies, some of whom arc cntitlcd to votc whilc othcrs arc non-voting mCMbcr￿. All mcmbcrs arc ￿'C]Comcd to contributc to thc discussions. Tlie day to day managen)ent of the Charity is delegated by the trustees to the Cliief Archaeologist, or sllch otlier person as the Council shall appoint. Wider network The E8%ex Society for Archaeology and History, The Royal Archaeological Institute. Related partie5 Tran%action% which involvcd Trustccs or any rclatcd partics arc di%clo8cd in thc notc% to thc financial 8tstcmcnL8. No trusrees or other related perslins received any payment of any sort for any reaslin from the Trust during the year. Risk manAgement The Council of Management ideniifies Ihe major risks to which the frust is exposed each financial year when preparing and updating its strntebiic plans. The meiknbers review any major risks which have been identified and establish systems to mitigatc tho%c rI.￿kS. Thc T￿￿tCe% arc satisficd that %}'stcm% aTC in placc to mitigatc thcir cxpo%urc to thc major risks thai hav¢ b¢¢n so id¢ntifJcd and rcvicw¢d. The Trust is open to the usual financial risks tsf any or¥anibation and the Trust has ii)troduLe£l Loi)tr01s to minimise those risks. In addition management accounts are regulaTly produced alld explained to the Council of Mal￿ge1￿C￿t and are open for member inspection ai any time. REFERENCE AND ADMINISTIL4TIVE DETAILS Registered Company number 01578133 (England and Wale5) Registered ChArity number 283354 Page 4

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Report of the Trustees for the year ended 31st ￿larCh 2022 Registered office Roman Circus House Roman Circus Walk Colchester Essex C02 7GZ Trustee5 N P Wickenden Chairnian E A Bourton G A P ChddwiLk A F Clark N Cochranc G M R Davies S C Ldnbley I C Pearsall A B Phillips Ncstaft D J Goodinan J Mallinson C Farndell B Lawrance N Cope Company Secretary W J Mallinson Auditors Attet]borougJ]s {Accountant51 Limited Statutory Auditor l Toil'er House TOl￿'er Centre Hoddesdot] Hcrtfordshir¢ ENII 8UR Bankers The Ctroperative Bank p.l.c P.0. Btsx 250 Skelnier5dale WN8 6WT STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the director8 of Colchester Archaeologi¢al Trust Limited for the purposes of company law) are responsible for preparing the Repori of the Trustees ai)d the financial siatements in accordance with applicable law and United KinbFdom Accounting Standards (United KingFdom Generally Accepted AccountinbF Practice). Page 5

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Report of the Trustees for the year ended 31st ￿larCh 2022 STATEMENT OF TRUSTEES, RESPONSIBILITIES - coThtitLued Company law requires the trustees to prcparc fjnancial statements for each financial year which give a trne and fair view of the state of affairs of the charitsble company and of the incoming resources and application of resources, including the ii)¢om¢ and expendituie, ol. the cl)aritablt Loinpany for tl)at period. In preparing those linai)¢ial statements. the trustees are required to select suitable accliunting policies and then applv them consisiently. observe the inetliodb and principles in the Charity SORP; makc judgcmcnt% and c8timatc8 that arc rcasonablc and priidcnt; prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in business. The trnstees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any tirne the financial position of the Charitable companv and to enable thern to ensiire that the financial statements comply with the Coinpanies Act 2006. They are also responsible for safeguarding the assets of the charitable Lon)pai)y and hence for taking reasonable steps for the prevention and detection of fraud and other ]￿egUlar]ties. In so far as ihe trustees are aware.. tliere is no relevant audit infonnation of ivliich the chaiitable company's auditors are uiiaivare- and the trustees have taken all steps that they ought to have taken to Jnake thetnselves aware of any relevant audit infomiation and to establish that the auditors are aware of that infomiation. AUDITORS The auditors, Attenboroughs (Accountants) Limited, will be proposed for re-appointment ai the forthcoming Annual Geneial Meeting. Approved by Order of the board of trustees on 21 st December 2022 and signed on its behalf by: /6hD Nicholas Iwickendeii (Dec 22, 2022 14..28 GMT) N P W ickenden- TTUStee Page 6

Report of the Independent Auditors to the Members of Colehester Archaeological Trust Limited Opinion We have audited the financial statements of Colchester Archaeological Trust Limited Ithe 'charitable company.) for the yedr ended 31st m1￿ch 2022 which LVmPriSt the StGitement vf Fiiiaiicial Activities, the Ba[￿li]le SheeL the Cash Flvw Stateineiit and notes to the finaiicial ststeTnents, including a sumniary of sibFnificant accountit]g policie5. The financial reporting frainework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the fil￿ncial stateinent8' give a true and fair view of the qtste of the charitable company'q affairs as at .1 I st March 2022 and of its incoming resources and applicalion ofresources, including its incoine and expendilure, for the year then ended,. have been pi'operly PTepaTed in accordance with United KingdoTn Generally Accepted Accounting Practice,. and hav¢ bc¢n prcparcd in accordanc¢ with thc r¢qiiircm¢nts of th¢ C'ompanics Act 2006. Basls for oplnlon We condiicted oiir audit in accoTdance with International Stsndards on Auditing (UK) (ISAS (UKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the rinancial statements section ol. our report. We are independent ol. the charitable company in accordaiice witli the ethical requirements that are relevant to our audit of the financial statemellts in the UK. including the FRC'S Ethical Standard, and wc havc ￿lfilled our other cthic31 respi)nsibilitlC8 in accordance with thcsc rcquircmcnt8. Wc bclicvc that thc audit evidence we haiwe obtained is sufficient and appropriaie to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial %iatementq, we have ¢on¢luded that the trustees, use of the going concern basis of accounting in the preparalion ofthe financial slatemenis is appropriale. Bas¢d on thc work w¢ hav¢ p¢rformciL w¢ hav¢ not id¢ntifi¢d any matcrial un¢¢rtainti¢s r¢lating to ¢v¢nts or ¢onditions that, individually or ¢ollecrively, may cast significant doubt on the chariiable company's ability to coniinue as a going conLetn for a period of at least twelve tnonths fioni when the findnLial statements ale autliorised foi issue. Our responsibilities and the responsibilities of the Irustees wilh respe¢t to going concern are described in the relevant se¢iions of this report. Other information The trustees are responsible for ihe oiher infommrion. The other infomiation comprises the inforniation included in the Annual Report, other than the fIni￿claI statements and our Report of the Inilependent Auditors thereon. Our opinion on the financial statements does not cover the other inforniation and. except to the extent othenvise explicitly stated in our report. we do not express ai)y fom) of assLwance conclusion thereon. In Conneetion with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other infonnation is materially inconsistent with the financial ststements or our knowledge obiained in the audit or oiherlvibe appears lo be inalcrially misbiated. If we identify such inaierial inconsisienLies or appai'ent material ini55tateTnents, we are required to deteTmine whether this bFives rise to a inaterial misstdtement in the fjnancial statcmcnts th¢ms¢lvcs. If, bascd on thc work w¢ hav¢ pcrformcd, w¢ con¢ludc that th¢rc is a mat¢rial misstatement of ihis oiher infom)ation. we are required to report that tact. We have noihing to report in this regard. Opinion5 on other mAtter5 prescribed by the Compani¢$ Act 2006 In our opinion, based on the w'ork undenaken in ihe course of the audit.. the infonnation bFiven in the Report of the Trustees for the financial year for which the financial statanents are prepared is consistent with the financial 5tateinents' and the Report of the Tru￿tee% has been prepared in accordance ivith applicable legal requirernent8. Page 7

Report of the Independent Auditors to the Members of Colehester Archaeological Trust Limited Matters on which we are required to repibrt by exception In the light of the knowledge and understanding of the charitable company and lis environment obtained in the course of the <iud)t, we h￿1Ve iiut identified rnateri<il niisstdtemeiits. in the Report vf the Tiustteb. We hai'e nothing to report in respwt of the following matters where the Companies Act 2006 reqiiires us to report to you if. in our opinion.. adequate accountingi records have not been kept or retutns adequate for our audit have not been received from branches not visited by u%; or the financial statements are not in agreement with the accounting records and returns; or certain dibclosures ol'trustees. remuneralion specified by law are noi made., or we have not receii'ed all the infomiation and explanation5 we require for our audit., or th¢ trustc¢s w¢rc not ¢ntitlcd to takc adi'antag¢ of th¢ small companics cx¢mption from th¢ r¢quiwmcnt to pr¢par¢ a Strategic Report or in preparing the Report of the Trustees. Responsibilities of trustee5 As explained more fully in the Statement of Trustees, Respongibilities, the trustees I￿,hO are also the dire¢tors of the chariL4ble conipany for the purposes of coinpany lawl are responsible lor the preparation of the fmancial statements and for being sat15fied that they give a tTUe and fair ￿.1£w, and for such intemal control a5 the trustees determine 15 necessary ta cnablc thc prcparation af financial %tatcmcnt% that arc frcc from matcrial mi$8tatcmcnt, whcthcr duc ta fraud or crn)r. In prepaiing the findncial statements, the ttustees responsible foi assessing the charitable company'5 ability to contiiiue as a bTOITlbF concern, di5c105ing, as applicable, Inatter5 ielated to gFoingF concern and u5111¥ the going conceTll basis of accounting unless the tn18tee8 either intend to liquidate the eharitable compally or to cease operations. or have no realistic altemarive but to dLI SO. Ollr responsibilities for tbe audit (bf the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material mi8stateTllellt, whether due to ftaud or eTroi, and to issue a Report of the Independent Auditors that includes oui opinion. Reasonable assurance is a high level of assurance, but IS llot a guarantee that an audit conducted in accordance wilh ISAS {UK} will always detect a material misstatement when it exists. Misstatements can ariqe from fraud or error and are considered m¥terial it.. Indi￿lduallY or in the aggregate, they could reasonably be expected to influence the LonorniL deLisions of ustrs taktn on tht basib ot thest findnLial ststthients.. The extent to which our procedures are capable of detecting irregularities, incliiding fraud is detailed below: We identified areas of law5 and regulations that could reasonably be expected to have a material effect on the financial tatetnents. We de%ign procedure% in line with our responsibilities. outlined above, to detect material mi$8tatement% in respect of irregulariries {non-compliance with laws and regulations), including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.. We have made enquires of management around actual and potential litigation claims. The company is subject to laws and regulations that directly affect the financial stateinents including financial reporting legiqlation, diqtributable profits legi%lation, taxation legislation and pension legi%lation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the rela￿d financial sthiement items. Wc havc rcvicwcd thc financial 8tatcmcnt di8clo%urcs and tcsting to %upport documcntation to asscs8 compliancc with applicable laws and regulations. We have con5ideied the risks of inaiiageTnent override of contro15. including throu¥h te5till¥ jOUTnal eiithe5 aiid other adju8linents for appropriatene88, and evaluating the bu.%ine8s rationale of significant Iran%aclion% out.side the norn￿1 courqe of business. A further description of our responsibilities for the audit of the financial 5tateTnents is located on the Financial Reporting Council's ￿'¢bsIt¢ at Miryv.frc.org.uklauditorsrcsponsibilitics. This dcscription fornis part of our R¢port of thc Independeni Auditors. Page 8

Report of the Independent Auditors to the Members of Colehester Archaeological Trust Limited Use of our repibrt This report is made solely to the chariiable company's members. as a body, in accordance with Chapter 3 of Patt 16 of the Coinp<tnits ALt 2006. Oui" (tudit wurk h￿15 been undertaken so that we might st(Ite tv the chaiitable LVmP<illy'5 membe15 those Inatters ive are requiied to state to them iii an auditors. ieport and for no other puryose. To the fullest extent permitted by law, we do not accept or assiime responsibility to anyone other tlian the charitable company and the charitable company's members as a body. for our audit work. for this repoll, or for the opinions we have fornied. Mr David Roger Pattman FC.CA (Senior Statutory Auditor) for and on bchalf of Attcnboroughs {Accountant5) Limitcd Statutory Auditor l Tower House Tower Centre Hoddc.%don Herifordshire ENII 8UR 21st D¢ccmb¢r 2022 Page 9

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Statement of Finon¢ial Activities (Incorporatlng Income and Elpendlture Account) for the year etlded 31st Lllarch 2022 3113122 Total funds 3113121 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 13,602 3,002 16.604 146,692 Other trading activities Investment income 1,300,798 1,300,798 802,588 36 Total 1,314,400 3,002 1,317,402 949,316 EXPE.NDITURE ON Raising funds 863,769 6,268 870,037 699,777 Charit#ble #etivities Managcmcnt and administrative costs 129,070 129,070 102,990 Total 992,839 6,268 999,107 802,767 NET INCOMEI(EXPENDITURE) 321,561 (3.2661 318,295 146,549 RECONCILJA TJON OF FUIDS Total fiinds brollght foTward 739,129 27,358 766,487 619,938 TOTAL FUNDS CARRIED FORWARD 1,060,690 24,092 1,084,782 766,487 The notes form part of these financial statements Pa¥e 10

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Balance Sh¢¢t 31 st March 2022 3113122 3113121 Noteb FIXED ASSETS Tangible assets 12 480,074 470,484 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 13 14 2,19¥ 788,413 303,424 2,198 339,959 226,535 1,094,035 568,692 CREDITORS Arnounts falling due within one year (375,206) {154,286} NET CURRENT ASSETS 718,829 414,406 TOTAL ASSF.TS LESS CLRRENT LIABILITIES 1.198,903 884,890 CRF.DITORS A￿ount5 falliiibT due after more than one yeaT 16 1114.121) (118,403} NET ASSETS 1,084,782 766,487 FUNDS UHrc5thctcd funds Restricted fund5 20 1.060,690 24,092 739,129 27,358 TOTAL FUNDS 1,084,782 766,487 These linancial sialernenis have been prepared in accordance with the provisions appliLable to chariiable Lompanies subject to the sinall companies regime. The finanLial statements were approved by the Board of Trustees and authorised flir issue on 21st December 2022 and were signed on ils behalf by.. Nicholas Wickenden (Dec 22, 2022 14..28 GMT) N P Wi¢kenden- Trustee The notes form part of these financial statements Pa¥ell

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Cash Flow Statement for the year ended 31st f*larch 2022 3113122 3113121 Nutes CAsh flows from oper&ting &ctivilies Cash gtneraied from operations Interest paid 104.376 (5,988) 82,969 14,250) Net cash provided by operaiing acriviiies 98.388 78,719 Cash flows from Investlng aetivltles PurLliase of t￿￿￿]ble fixed asstts. It]terest received {17,574) 11,826} 36 Net cash used in investing activities 117,5741 11,790) Cash flows from financing activities Loan rep￿yi￿c￿tS in year (4,066) 16,150} N¢1 cash used in financing activities 14,066) (6,150) Change In cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 76,748 70,779 224,850 154,071 C4sh and cgsh equlvalents at the end of the reporting period 301,598 224,850 The notes forin part of these financial stateinents Page 12

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Notes to the Cash Flow Statement for the year ended 31st ￿lar¢h 2022 RECONCILIATION OF NET INCOME TO NET CASH FLOM, FROM OPERATING ACTIVITIES 3113122 3113121 Net ineome for the reporting period (as per the Statement of Finaneial Activitie5) Adjustments for: Depreciation charges Interesi received Iiiterest paid Decrease in %tock Increase in debtors In¢re3selldecrease) in creditors 318,295 146,549 7,984 4,469 136} 4,250 40 136,475) (35,¥28) 5,988 {448,454) 220,563 Net cash provided b). operatlOn5 104,376 82,969 ANALYSIS OF CASH AND CASH EQUIVALENTS 3113122 3113121 Cash ii) hand Notice depo.%its (less than 3 months) Overdrafts included in bank loans and overdrafts falling due within one year 520 302,904 11,826) 520 226,015 11,685} Total cash and cash equivalent5 301,598 224,850 ANALYSIS OF CHANGES IN NET FUNDS At 114121 Cash flow Ai 3113122 Net eash Cash at bank and in hand Bank oi'erdraft 226,535 (1,685) 76,889 (141) 303.424 11,826} 224,850 76,748 301.598 Debt Debts falling due ivithin l year Dcbts falling du¢ aftcr l y¢ar (5,1611 (118,403) 1216) 4,282 15,377) (114,121} {123,5641 4,066 1119.498} Total 101.286 80,814 182,100 The notes forin part of these financial stateinents Page 13

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Not¢5 to the Financial Statements for the year ended 31st ￿lar¢h 2022 ACCOUNTING POLICIES Basis of prcparing the financial statcmcnts The financial statements of the cl)dritable company, which is a public benefit entity under FRS 102, have been prcparcd in ac¢ordanc¢ with th¢ Charitics SORP IFRS 1021 'Aecoiinting and R¢porting by Charitics.. 8tatcmcnt of Recommended PraLtice applicable to charities preparing their accounts in accordance with the Financial Repurting Standdid appliLable iii the UK anil RepubliL of Ireland IFRS 1021 (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic or Ireland, and the Companies Aci 2006. The financial siatements have been prepared under the hisiorical cost conveniion. IDeome All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable tlLqt the income will be received and tlie amount can be nieasured reliably. Income derived from the rendeTit]g of setvices 15 Stated after trade discounts and net of VAT. Expenditure Liabilitics are recogni5ed as expendi￿re as soon as there is a legal or constnjctive obligation committing the charity to that exp¢nditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified uiider litadings that aggiegate all cost ielaied to the category. Wl)ere costs cannot be directly athibuted to particular headings they have been allocated to activities on a basis consistent with the use of resources. Allocation and apportionn]ent of costs The following policies ore applied to the resources expended by the charity.. Costs of raising fund5 - expenditure directly related to the receipts of funds. Charitabl¢ activitics - Othcr labour costs not dir¢¢tly r¢latcd to thc r¢c¢ipt of fvnds, th¢ costs of thc Trusts premises and all other CLisIs. Tangible fixed assets Depieciation is proN'ided at the following annual rntes irt order to write off each asset over its estimated useful life. Fixtures and fittings Motor vehicles 200/y on cost 20 /0 on cost Stocks Slocks are valued al the lower ofcosi and nel realisable value. after Inaking due allowance for obsoleie and slow moving iteins. Taxation The charity is exetnpt frorn co￿0[ation tax on its charitable activities. Fund aeeounting UnrestTiLted fuiids Laii be used iii aLLvrdanLe with the ChaT]￿b]e ubjectiveb ilt the dibLretion of the trusteeb. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions aiise w,hen specitied by the donor or when I'unds are rdised for particular restricted purposes. Further explanation of the nature and purr*ose of each fund is included in the notes to the financial statements. Page 14 conlinued...

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Notes to the Financial StAtement5- continued for the year ended 31st f*lareh 2022 ACCOUNTING POLICIES- continued Pcnsion costs and other post-rctircmcnt bcnefits The charitable CoMp￿nY operates ￿ defiiied contribution pension scheTne. Contributions payable to the charitable company's p¢n8ion sch¢m¢ ar¢ charg¢d to thc statcmcnt of Financial Activitics in thc p¢riod to which they r¢lat¢. DONATIONS AND LEGACIES 3113122 3113121 Dvnatiolls Giants 14,604 2,000 20,969 125,723 16,604 146,692 Grants rcccivcd, includcd in thc abovc, arc follTrws.' 3113122 3113121 Other grants 2,000 125,723 OTHER TRADING ACTIVITIES 311.3122 3113121 Ficldwork ci)ntracts Publication and miscellaneous sales RvmLtn Ciicus C<ifé incume Roinan Circus Ceiitre hiTe 1,292,633 1.568 797,027 (526) 2,856 3,231 6.597 1,300,798 802,588 INVESTMENT INCOME 3113122 3113121 Deposit account interesi 36 Page 15 conlinued...

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Notes to the Financial StAtement5- continued for the year ended 31st f*lareh 2022 RAISING FUNDS Other trading activitlcs 3113122 3113121 Purchases Staff LOSts Travel and subsistence Computer and website costs Roman Circus Centre eostg Be[n(￿d Colbron Lost Fi'eda Nichols costs Hcritagc Lottcry RCC Gardening Seed Fundiii¥ cost5 General 132,356 716,270 14,215 854 2.600 3.183 53 IUg,025 568,516 4,381 139 1,9.35 11,982 36 3,485 105 173 250 182 74 870,037 699,777 CHARITABLE ACTIVITIES COSTS Support co%ts (scc note 71 Management and administrative costs 129.070 SUPPORT COSTS Governance costs Management Finance Other Totals Management and administrativc costs 62,065 6,084 58,083 2,838 129,070 NET INCOMEI(EXPENDITURE) Net inLomel(expenditure) is stated after chargingllLrediting)". 3113122 3113121 Independent ExELminer's fee tkpreciation- o￿ned as%ets 2,838 7,984 2.738 4,468 Page 16 conlinued...

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Notes to the Financial StAtement5- continued for the year ended 31st f*lareh 2022 TRUSTEES, REMUNERATION AND BENEFITS There were no Irustees, remuneration or other benefits fL)r the year ended 31st March 2022 nor for the year ended 31stMarch 2021. Trnstees, expenses There were no 31si March 2021. trustees, expenses paid for the year ended 31st Nlarch 2022 nor for the year ended io. STAFF COSTS 3113122 3113121 Wages and salaries Social Security costs Oth¢r pcnsion costs 701,980 58,703 12,443 575,430 44,718 10,166 773,126 630,314 The average monthly number of employees during the year was as follows.. 3113122 27 3113121 27 Archaeological activities Othei activitieb including café Manageinent and adniinistration 33 Ni) cmplnyccs rcccivcd cmi)lumcnt8 in cxccss nf £60:0(X). ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTJI'ITIES Unr¢strictcd fund Rcstrictcd funds Total tunds INCOME AND ENDOWMENT.8 FROM Donations and legacies 125.748 20,944 146,692 Othei trading activities Investment income 802,588 36 802,588 36 Total 928,372 20,944 949,316 EXPEliDITURE ON Raising funds 675,652 24,125 699,777 Charitable #etii'ities Management and administrative cost 102,509 481 102,990 Total 778,161 24,606 802,767 NET INCOMEI(EXPENDITURE) 150,211 13,662) 146,549 Page 17 conlinued...

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Notes to the Financial StAtement5- continued for the year ended 31st f*lareh 2022 ii. COMPAIL4TIVES FOR THE STATEMENT OF FINANCIAL ACTII'ITIES- continued UnTestricted Rc%tricted fund funds Total funds RECONCII.IATION OF FUNDS Total funds biought forwiird 588,918 -31,020 619,938 TOTAL FUNDS CARRIED FORWARD 739,129 27,358 766,487 12. T ANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Plant and machinery Motor vehicles Totals COST At I st April 2021 Additions 451.140 41.571 874 8,995 501,706 17,574 16.700 At 31st March 2022 451,140 16,700 42,445 8,995 519,280 DEPRECIATION At I st April 2021 Charge for year 25,825 2.845 5,397 1,799 31,222 7,984 3,340 At 31st March 2022 3,340 28,670 7,196 39,206 NET BOOK VALUE At 31st March 2022 451,140 13,360 13,775 1,799 480,074 At 31st March 2021 451.140 15,746 3,598 470,484 Artwork at valuation included above not depreciated 10,000 ij. STOCKS 3113122 3113121 Stocks 2,198 2,198 Page 18 conlinued...

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Notes to the Financial StAtement5- continued for the year ended 31st f*lareh 2022 14. DEBTORS: AMOUNTS FALLIYG DUE WITHIN ONE YEAR 3113122 3113121 Tiade debtots Amounts recoverable on contract Other debtors Prepaynients 399,160 384,610 500 4,143 110,981 221,965 3,037 788,413 339,959 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113122 3113121 Bank loans aiid vverdrafts'15ee nute 171 Trade creditors Social security and other tsxes VAT Otlier creditors Accruals and deferred income Accrued expenqe. 7,203 4,904 15,751 108,116 49,000 187,607 2,625 6,846 13,240 15,403 31,284 45,299 39,589 2,625 375,206 154.286 16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 3113122 3113121 Bank loans Iste note 171 114,121 118,403 17. LOANS An analysis of thc matyrity of loans is givcn b¢low'. 3113122 3113121 Amounts falling due within Line year on demand.. Bank overdrafts Bank luans 1.826 5.377 1,685 5,161 7,203 6,846 Amount5 falling between one and two years.. Bank loans 1-4 years 23,992 23,037 nount5 fallinss due in more than five year5.. Repayable by in%talment8'. Bank loans more 5 yr by insral 90.129 95,366 Page 19 conlinued...

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Notes to the Financial StAtement5- continued for the year ended 31st f*lareh 2022 18. SECURED DEBTS The following secured debrs are included within creditors.. 3113122 3113121 Bank loans 19,498 123,564 The bank Ilian is secured on the propety knoivn as Roman Circus House. The bank loan is repayable by installments by February 2038. The current interest rate is 4.35 /.. 19. ANALY818 OF NET AS8ET8 BETWEEN FUNDS Unrestricte At 31 .March 2020 Reslricled funds Tolal funds funds Tangible fjxed assets Current assets Current liabilities Long tcnn liabilitic Provisions for liabilities 473,127 428,773 (188.159} (124,822) 473,127 459,793 (188.159) (124,822) 31,020 588,919 31,020 619.939 At 31 .March 2021 nre8tricted funds Re.stricted funds Total funds Tangible fixed assets Cu￿¢llt asscts Current liabilities Long teTm liabilities Provisions for liabilities 470,484 541,334 (154,286} (118,403} 470,484 568,692 (154,286} (118,403} 27,358 739,129 27,358 766,487 Page 20 conlinued...

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Notes to the Financial StAtement5- continued for the year ended 31st f*lareh 2022 20. MOVEMENT IN FUNDS Net movement in funds At 3113122 At 114121 Unrestricted funds Gen¢ial fund 739,129 321,561 1,060,690 Restricted funds Fiedd NiLhuls Libiary Fund RoTnan Ciicus Centre Fund Bernard Colbron Memorial Fund Arts Appeal Fund Circus Centre Fund Locality Budget Town Modcl Fund Circus Booklet Fund Heritsge Lottery Emgerency Fund RCC Gardening Seed Funding 1,624 (4811 8,029 2.(X)O 3,276 2,300 528 3,833 3,255 2,395 599 152} 1140) (3,183} 1,572 1621} 4,846 2,000 3,316 2,300 528 3,833 3.255 2,145 918 40 1250} 319 27,358 13,266) 24,092 TOTAL FUNDS 766.487 318,295 1.084,782 Net movement in funds, included in the above are as fLIIIows'. Incoming resource Resources expended Movement in fund Unrestrieted funds General fllnd 1,314.400 {992,839) 321,561 Restrieted funds Freda Nichols Library Flind Roman C'.ircus C'.entre Fund Betnard C.olbroii Memorial Fund CirLUS Centre Fuiid RCC Gardcning Seed Funding 153} (2,600) 13,183} {52} 1140} 13.183} 40 1250} 319 2.460 40 1250) 1182} 501 3,(N)2 16,268) 13,266} TOTAL FUNDS 1,317,402 (999,107} 318,295 Page21 conlinued...

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Notes to the Financial StAtement5- continued for the year ended 31st f*lareh 2022 20. MOVEMENT IN FUNDS- continued Comparatives for movcmcnt in funds N¢t movement in funds At 3113121 At 114120 Unrestricted funds Geneidl fund 588.918 150,211 739,129 Re8tri¢ted fund$ Freda Nichols Library Fund Roman C.irciis Centre Fund Bernard Colbron Memorial Fund Arts Appeal Fund Circus Centre Fund Locality Budget Town Model Fund Circus Booklet Fund Heritage Lottetv Emgerency Fund RCC Gardening Seed Funding 1,660 136} 1481) 19,979} 1,624 1481} 8,029 2,000 3.276 2,300 528 3,833 3,255 2,395 599 18,008 2.(X)O 2,691 2,300 528 3.833 585 3,255 2,395 599 31,020 13,662) 27,358 TOTAL FUNDS 619.938 146,549 766,487 Comparativc nct mov¢m¢nt in funds, in¢lud¢d in thc abovc arc as follows.. Jncorning resources Resources expended Movement in funds Unrestricted funds General fund 928,372 {778,161} 150,21 Restrieted funds Freda Nichols LibraTy Fund Roman Cir¢u8 Centre Fund Bernard Colbron Memorial Fund Circu5 Centre Fund Hcritag¢ Lott¢ry Emg¢r¢n¢y Fund RCC (iardening Seed Fundiii¥ 136} 14811 (11,982} 19841 (10,8451 1105} 1173} {36} 14811 19,979} 585 3,255 2,395 599 2,003 1,569 14,100 2,500 772 20,944 (24,606} 13,6621 TOTAL FUNDS 949.316 (802,767} 146,549 Page 22 conlinued...

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Notes to the Financial StAtement5- continued for the year ended 31st f*lareh 2022 20. MOVEMENT IN FUNDS- continued A current year 12 mL)nths and prior year 12 months combined position is as follows.. Net movement in funds At 3113122 At 114120 Unrestricted funds General fund 588.918 471,772 1.060,690 Restricted funds Freda Nichols Library Fund Roman Circus Centre Fund Bernard Colbron Memorial Fund Arts App¢al Fund Circus Centre Fund Locality Budget Town Model Fund Circus Booklet Fund Heritsge Loitery Emgerency Fund RCC Gardening Sccd Fundit]g 1,660 188} 1621) (13,162) 1,572 1621} 4,846 2,000 3,316 2,300 528 3,833 3,255 2,145 918 18,008 2,(X)O 2,691 2,300 528 3,833 625 3,255 2,145 918 31,020 16,928} 24.092 TOTAL FUNDS 619.938 464,844 1.084,782 A current year 12 months and prior year 12 month8 COTnbined net movement in funds, included in the above are as follows.. Tncoming rcsourccs Resources ¢xp¢nd¢d Movement in funds Unrestricted fuThd5 Cren¢ral fund 2,242,772 {1,771,000} 471,772 Restrieted funds Frcda Nichols Library Fund Roman Circus Centre Fund BeTnard Colbroii Memorial Fund Circiis Centre Fund Heritage Lottery Emgeren¢y Fund RC.C Gardening Seed Fundinb 189) (3,081) (15,165) 1984) {10,845} 1355} 1355} {88} 1621} 113,162} 625 3,255 2,145 918 2.460 2,003 1,609 14.100 2.500 1,273 23,946 130,874} 16,9281 TOTAL FUNDS 2,266,718 (1,801,874} 464,844 Page 23 conlinued...

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Notes to the Financial StAtement5- continued for the year ended 31st f*lareh 2022 21. RELATED PARTY DISCLOSURES There were no related party trnnsactions for the year ended 3 1st March 2022. 22. DEFERRED INCOIIIE liicome of £187,60612021.. £39,588) has been deferred. The deferred income relates to the WTiting of a Report that is ongoing. 23. PURPOSES OF FUNDS General Fund Tlie ¥eneTal fund is unrestricted and holds accumulated surylu5es for fumre charitable activities. Freda l¥ichols Library Fund The restricted fund consists of funds from the Freda Nichols Estate which exists to establish a resource library for the Trust. Circus Centre Fund The restricted funds consists of money raised from donations to go towards the runningcosts of the visitor centre and toward5 purchases and developTnent of exhibit5 Wlthin the centre and surrounding area5. Art Appcals Fund Thc r¢strictcd tsnd consists of funds donatcd for thc purchasc ofart for thc visitors ¢¢ntr¢. Bernard Colbron Memorial Fund Thc T¢Strictcd funds consists of moncy donatcd in th¢ mcmory of Bcrnard Colbron for thc purposc of displays for the visitor centre. Localitv Budget The restricted is frorn local councillor donations towards improving the centre signage and the street signage for the ¢entre. Cireus Bouklet Fund The restricted fund is for the creation of a booklet about the visiior centre. Page 24

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Detailed Statement of FiNAn¢ial Activities for the year ended 31st f*lareh 2022 3113122 3113121 INCOME AND ENDOW'MELYTS Donation5 and legacies Donations GrdlltS 14.6(H 2,0(X) 2U.969 125,723 16,6(M 146,692 Other tr#din£ actlvltles Fieldwork contract% Publication and miscellaneous sales Rort￿n Circus Café income Ro￿￿￿ Circus Centre hire 1,292,633 1,568 797,027 (526) 2,856 3,231 6,597 1,300,798 802.588 Investment income Deposit account interest 36 Total incoming resources 1,317,402 949,316 EXPENDITURE Other trading activitie5 Costs of fi¢ldwork and publications Cafe runrting costs Wages Social Security Pcn8ion8 Travel and subsistence Computer and website Losts Roman Circlls Centre costs Bernard Colbron costs Fieda NiLhols cobts Heritage Lottery RCC Gardening Seed Funding Costs General 132,326 30 649,679 54,512 12,079 14.215 854 2,600 3,183 53 107,213 ,812 518,457 40,795 9,264 4,381 139 1,935 11,982 36 3,485 105 173 250 182 74 870,037 699,777 Support cost5 lanagement Wages SoLldl seLurity PenslOt]s Carried forward 52.301 4,191 364 56,856 56,973 3.923 902 61,798 This pabFe does not form part of the statutory financial stateinents Page 25

COLCHESTER ARCHAEOLOGICAL TRUST LITrIITED Detailed Statement of FiNAn¢ial Activities for the year ended 31st f*lareh 2022 3113122 3113121 Management Brought fonvard Sundries ExteTnal TTaining and welfare 56,856 700 4,509 61,798 293 62.065 62.091 Finance Bank charges Mortgage 96 5,988 69 4,250 6,084 4,319 Other Ratcs and water Insurance LisTht and heat Tclcphone Po%tage and stationery Sundries Subscriptions Prcmi8cs Tcpair8 and rcncwa15 Plant and machinery Fixtures and fittings Motor vehicles 3,629 4,139 12,072 3,097 3,744 5.307 6,476 11,635 3,340 2.845 1,799 1,907 4,893 7.166 2.390 1,444 2.351 7,(X)2 2,220 2,670 1,799 58.083 33.842 Governance costs Auditors, remuneration for non audit work 2.838 Total resources expended 999,107 802,767 Net Ineome 318,295 146,549 This pabFe does not form part of the statutory financial stateinents Page 26

Final Accounts Final Audit Report 2022-12-22 Crealed.. 2022-12-22 By.. Jules Cook [e-mail] Slalus.. sgned Tr8ns8¢tion lo.. C8JCHBCAABA4GrsZlgZqlXgyTypcetYmM8GkAFdfvRD "Final Accounts" History Document created by Jules Cook (J'[e-mail] 2022-12-22- 13'.33.'17 GMT P. Document emailed to [e-mail] for signature 2022.12.22. 13".36.26 GMT Email viewed by [e-mail] 2022-12-22- 14.'25'.50 GMT Signer [e-mail] entered name at signing as Nicholas Wickenden 2022-12-22- 14.'28.'24 GMT Document e-signed by Nicholas Wickenden [e-mail]) Signature Dale 2022-12-22- 14"28".26 GMT- Time Sourr￿." server O Agreement completed. 2022-12-22- 14.'28'.26 GMT Adobe Acrobat Slgn