Colchester Archaeological Trust Ltd RegistEred office.. Romun Circus House, Romun Circus Wolk, ColchESter, E55EX, C02 76Z Tel.. 01206 501785 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.. 01206 501785 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.. 01206 501785 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.. 01206 501785 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