REGJSTERED COMPANY NUMBER: 01578133 (England and Wales)
REGISTERED CHARrrY NUMBER: 283354
Report of tILe Trustees aDd
Finaneial Statements
for the Year Ended 31st March 2023
for
COLCHESTER ARCHAEOLOGICAL TRUST LIMITED
AttenborOu￿S (Accountants) Limited
Statiitory Auditor
l Tower House
Tower Centre
Hoddcsdon
Hertfordshire
ENII SUR

COLCHESTER ARCHAEOLOGICAL TRUST LIMrrED
Contents of the Financial Statement5
for the )'ear eThded 31st March 2023
Pagc
Report of the Trustees
Report of the Indepe￿dent Auditors
8 to 10
Statement of Finan¢iAI Activities
Balance Shcet
12
Cash Flow Statement
13
Notes to the Cash Flow Statement
14
Notes to the Flnanclal Statements
15 to 26

COLCHESTER ARCHAEOLOGICAL TRUST LJMITED (REGISTERED NUMBER: 01578133)
Report of the Trustees
for the )'ear eThded 31st March 2023
The t￿stee$ who are also directors of the charity for the purposes ofthe Companies Act 2006, pre8eni their report with
the linancial statements of the charity for the yeai ended 31 st MaiLh 2023. The trustees have adopted the provisions of
Accountin¥F and Repurting by Charities.. Statement of Recommended Practice applicable to chai"ities preparinb their
aceounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)
(effective l January 2019).
OBJLCTIVES AND ACTIVITIES
Objeetivcs and aims
The objectives of the T￿￿t are to advance tlie edllcation of the public in the science of archaeology and to promote the
appropriatc prcs¢rvation, ￿Cording, cxcavation and int¢rprctation of archacological sit¢S and historic buildings in
Colchester and the neighbouring districts.
To achicvc thc%c cnd% the T￿￿t ha% thc powcr to eonduct archacological cxcavation% and %urvcys, carry out appropriatc
research, publish ihe resulis and mount exhibirions. The Trust is obliged to ensure the safe-keeping of all its finds and
records dnd to atransFe tui theii eventual deposition in ￿pprOprIate publiL institution.
Powers to achieve these ends include..
a) the ability to acquire, Inortgage. rent or sell real or personal estate-
b} the ability to coiistruct, ￿￿1n[aln or alter houses or other buildings-
c) to acccpt gifi% of propcrty;
d} the abilitv lo raise money by appeals or subscriptions or by accepting donaiions providing thar the Trust does not
undertake peTmanent trdding activities in raisin¥ funds fur the objectives uf the Tiust.
Ensuring our work deli￿erS our aims
We review our aiins, objectives and activities each year. The review look5 at what we have achi¢￿'£d and the progress of
our work in the previous 12 months.The review also helps lis to ensiire ollr aim, objectives and activities Ten)ain focused
on our stated purpose. We have referred to the guidance contained in the Charity Coinmission's general guidance on
public benefit when reviewing our ain) and objectives and in planning our luture aciivitieb.
Public benefit
The Trust Pi"OTllOtes archaeology through lectuies and open days on sites, these and othei charitable activities are
undertaken to further our charitable purposes for the public benefit.
Volunteers
Volunteers continue to play a C￿claI role in the deN'elopment of the centre aiid in the work of the Trust. About 30
volunteers came to offer help on a regular basis throughout the year on a range of projects and tssks including interacting
with ￿ls](Or8 to the centre, gardening. helping process archaeological finds from recent excavations. or helping 10 make
our giant l..400 scale model of the Roman t0Th￿. Trll5tee wolunteer Neil Staff aided by Richard Todd aiid other volunteer5
continucd to undcrtakc much nccdcd maintcnanec and impravcmcnt M'nrk in and around thc vi%itor ccntrc and thc TrLL￿[
otfices above.
Page I

COLCHESTER ARCHAEOLOGICAL TRUST LJMITED (REGISTERED NUMBER: 01578133)
Report of the Trustees
for the )'ear eThded 31st March 2023
ACHIEVEMENT AND PERFORMANCE
STRATEGIC REPORT
Achievement and p¢rforman¢e
Last year'5 illLTea5ed perfonnanLe was maintained. Total income this year wa5 £1,467.53812022.. £1,317.4011 of which
£1,448,699 (2022.. £1.292,633) related to fieldwork contract%. The archaeological ￿'0[k programme both terin% of
rieldwork and report preparation was not significantly impacted by the Covid pandemic although fortunately we were in
receipt ol'colchester Borough Council Business Re-start byant which significantly lielped the Visitor Centre.
As in rcccnt prcvious annual r¢ports, w¢ prcs¢nt b¢low a mcasurc of p¢rformanc¢ bascd on thc compl¢tion dat¢s of th¢
project reports since these provide a clearer indication of perfonnance aiid achieven)ei)t than project starting dates. The
coinpleted reports conbibt ￿￿1n[Y of dCCOUlltb ot. invebtl¥Filtions on development sites, olesktop ilbSebSllleTltb of
archacological 8itcs, archaeological cxcavations, and historic building %urvcys. Thcsc rcport% wcrc uploadcd on to thc
CA Tluniversity of Essex domain Ihttp'.Ilcat.essex.ac.ukl and thereby, with the exception of the desktop assessments,
n￿de iivailable foT free unrtStricted public download.
Based on the repllrts finished in the year, the following table reveals the now familiar geographical spread of projects in
which we can see a fairly even split between Colchesier and the rest of Essex lie. 55..451 with limited penetration into the
sU￿ou￿di￿g countie5.
Year
Colchester
Elsewhere in Essex
Sutyolk
Hertfordshire
Cainbridge
Totals
2022-23
73
73
2021-22
79
63
2020-21
77
63
2018-20
112
54
2018-19
61
76
152
151
153
172
156
The number of quotations accepted in the financial year 2022-23 for ￿tUre new projects (as opposed to further work on
cxisting onc%) 1% annthcr gnnd, albcit indirccL indicati)r of thc TnLSt'% pcrfnrmancc during that pcriod. Thc number of jobs
for ivhich quotations wete given during this time was 2181152) of which 70% were succebstul. The total *alue of the
latter group is more than double that uf the pievious year altliough this 15 likely to be a laige spike because a few of these
projects are exceptiorwlly large and are likely to extend into 2023-2024.
The breakdomryj In tenns of project type for 2022-23 as compared with previous years..
Year
Desktop assessTnent
Building rccording
waiching briefs
Excdl'Litiun
Evaluations
Geophysical qurveys
Heritage impact stalemenls
Totals
2022-23
15
2021-22
12
202￿21
12
2019-20
2018-19
64
57
22
45
53
13
55
72
56
22
58
36
152
151
153
172
156
Fieldwork
The first half of the year 2022-23 waq very busy indeed, ￿'1th numeftius additions being made to the fieldwork te31n to
cope with the demand, primarily resulting from the simultaneous undenaking of three large excavations.. the Essex
County Huspital in Colchester, TuTpin's Farm in Friiitun and Finwnghoe WiLk. The excal,￿tionS in the southeTn area of
the County Hospital Complex uncovered a significant number of Roinan inhumation burials with relatively well-preserved
skeletal remains as well as two horse burials. Highlights from the projects at Frinton and Fingringhoe included a large
Iron Age ring-diich. Roman burial and an Anglo-saxon building (Frinion) and ihe remains of four red hills and a Roman
watcli tower or artillery placeinent.
Page 2

COLCHESTER ARCHAEOLOGICAL TRUST LJMITED (REGISTERED NUMBER: 01578133)
Report of the Trustees
for the )'ear eThded 31st March 2023
Once the crop8 had come off the fields in the late summer, CAT monitored substantial topsoi118ubsoil strips for quarry
expansitsns at Biich and Little Waltham, as well as undtrtaking a 59-trei)Lh evaluation ii) Tiptree. The evaluation in
Tiptree re￿.£a]ed very little, but at Biich we identified a Ruinan enclosure with associated buiials, and in Little Waltham
the remains of an Iron Age roundhouse and prehistoric pits and ditches.
The ￿￿ter and SPrillSF month5 were comparatively quiet. We undertook an interestinbT excavation at Great HallinbTbury
(near Stansted Airport) which uncovered the well-preserved reinains of two 16th-century kilns, one for the production of
lime and one for peg-tiles. The only other project of any size or note during this period were the excavations in advance
of the redevelopment of the fomer bus depot site on Queen Street. This projeci provided an opportunity to examine an
area of land inimediately inside ColchesteT'S towi wall and revealed the remains of an east-m'est orientated Roman street,
timbcr-lincd mcdicval pits and a stonc-lincd wcll and thc rcmainq nf thc Thcatrc Royal which burncd down in 1918.
Of PdrticuldT note in 2022-23 wa5 CAT'S hustinu ot. Successful public open dayb on bvth the Essex County Hvspitsl site
and at the former ￿leell Street bu8 depot. The%e open days allowed c 750 and 900 members of the public {re8pectivelyl
to visit the excavations, see our team working. look at displays of finds and listen to detailed explanations of what had
been found. In addition, numerous local ¥tyoups, politicians and councillors were also given site tours helping to raise the
profile of CAT and tlie arcl)aeology in Colchester in general
Exhlbltlon: Brlt#ln's earllest town wall
Colchester'8 town wall was the ?rst in Britain. This year a mobile exhibition was mounted by CAT bringing together the
latest thinking and ilibcuveiies abuut tl)e wall. Filst Sttsp ivas the Minviies. From there it was taken to St John's Green
School where it stayed for about two Tnonths. Now it's up in the CirLu5 Centre. The Lomments from teachers and parents
were glowing. (They Can be read on a wall next to the exhibition.) When it was being tsken down in St John's School,
three teaLherb i¥alked through the hall one al a time and on their own. Unprompted each of them said moreorless the
saint tliinb, 'The childreii loved it.
The exhibition consists of an octagonal Pligoda-style centrepiece and four very large cloth 'hop- up" panels" each with
lots of inf0M￿tIOft and images about the history of the wall, how it was Lonblrncted, and how it ended up as it is today.
The pogoda is essentially a photographic gallery M'ith as a centTe piece a large overhead photo of the tom￿ centre
?facc-up horizontally at wai8t Icvcl. The routc of thc wall 1% markcd on thc photo arc thc location8 of thc gatC8,
look-out ttswers. anLI Lulvertb. Just above head l)eight. a ring of oblique high-level photographb taken by a drone makeb It
possible fvr visitvr5 tv 'walk the wall, by loll01￿￿¥ its loLation on the bi¥ ￿'ertiL￿1 photo whi15t lookiiig up as they go to
see what the face of each section now looks like from the air.
Soikne visitors asked if there was going to be a printed version of the exhibition. With this in inind, I started to refonnat
the content on the four screens. It's quick and easy to do. Tlie result could be made available as a free dowiload on our
new website or even printed and sold. Should end up aL)oui 24 A4 pages long.
Roma￿ Cireus Vi51tor Centre
The Centre has been open all year otTering independent visits and guided tours, welcoming over 2.500 adult visitors.
some with accompanying children. A5SlSting our two in-house qualified Colche5ter Tour Guides, seven Colchester TOUT
Guide% A88ociatiot] n)ember8 volut]teered to conduct guided tours on SaluTday% and %pecial event days, including during
the naiional 'Heritage Open Day, scheme and Festival of Archaeology.
The C.entre is supported by a dediLated group of volunteers." eight gardeneis, two 'gap-year' students, two Sixth Fomi
students, and seven in the Visitoi. Centre.
Four talk8 abi)ut thc circus wcrc givcn tn local community group% as part af our Outreach prngrammc.
As well as hostii)g cominunity group Ineetings, the Centre arranged illustrated talks for the public. Richard Bale
(researcher in Ancient Roinan history and public speaker) presented his 'Roman Life, series of discourses, as ￿'ell as new
talks such as'Hadrian in Britain AD 122..
CAT was instrumeiital in the founding of the annual Colchester Roman Festival, a large-scale event held in Lower Castle
ParL Colchesier. Showcabinb the Tiubt'5 repliLd Ronian raLingF ch[￿l0t. the staff and volunleeis the I'isitur Centre
sw)ke to hundreds of visitors over two days about the ¢ir¢us, signposting them to the Visitor Centre.
Page 3

COLCHESTER ARCHAEOLOGICAL TRUST LJMITED (REGISTERED NUMBER: 01578133)
Report of the Trustees
for the )'ear eThded 31st March 2023
As hom¢ of th¢ Colch¢st¢r Roman Soci¢ty, we host¢d a cel¢bration for their 35th anniv¢rsary day welcoming over 300
visitor%.
Our Latin Studv Day was a iesounding success. Fifteen'matuie students, enjoyed the event deliveied by the Latii) expert
and tutui George Sharply of The Latin Quartei.
Following the (ovid 19 lockdowns and precautions, schools and groups are becoming more Confident to travel and are
visiting again..
six pr11n￿ school visits
two Latin Clubs
three special educational needs schools
nine interestlhobby groups
Boaking% by schonls and groups arc alrcady bcing madc fnr ncxt ycar.
The cale was in elYeLt Iranchised out on an experimental basis from October 2020 to reduce CAT staff costs. However.
the cale could only open intetmittently becaube of subbequent lockdow￿￿. The yeur 2021-22 pi.vved to be inure
succe%8ful and a weekly charge of £50 per week w&$ introdiiced in June 2022 toward% electricity and other ￿n￿Illg costs.
Our band of brilliant modellers continued throughout the year to work hard on our large-scale model ot the Roman town.
It is hoped that this task will finish around the spring 01.2024.
FIN￿NCIAL REVIEW
Fin#ncial position
Thc charity has gcncral rcscrvcs af £1,278,602 at thc cnd of thc ycar, which arc suffjcicnt to covcr l ycar and 2 month.
management and administrative expenses and other CLISIS.
Principal funding sources
The principal funding sources are fees for archaeological worL donations, gifts and reserves.
Reserves polic!,
The Council of Manageinent has resolved to establish reserves to provide for future activities. Designated contingency
fund5 ale n￿int￿lI)ed to coN'ei future costs.
Going eoncern
The Council of Manageinent Is satisfied that the Trust's assets in each are available and adequate to fulfil its
obligations in respect of each fund.
The charity has adequate reserves to continue as a ¥oingF concern for the forseeable future.
FUTURE PLANS
The charity Plan￿ Continuinb the activities outlined above in the fortlicoming years subject to satisfactory fundinb
arrang¢m¢nts.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing do¢umenl
The Lharity is Lonirolled by its goveming documenL a deed of trust, and constitutes a limited company, limited by
guarantee, as defined by the Companie5 Act 2006.
Recruitment and appointment of new trustees
Meinbers are elected or re-elected by rotation at the Annual General Meeting. Tliere are no restrictions on the number of
terms of office a member Can serve but the Trust's constitytion does specify a maximum number of members.
New trusiees are selected because of their expertise and competencies that they are able to offer; no specific training is
required.
Page 4

COLCHESTER ARCHAEOLOGICAL TRUST LJMITED (REGISTERED NUMBER: 01578133)
Report of the Trustees
for the )'ear eThded 31st March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
OrE#nlsatlonal structure
The Council of ManauFement meets. regularly throubFhout the yedr to discuss and plan objectives and the iTnpleineiitation
thereof. Matters of general ¢on¢ern are raised with all members. A ¢ommittee of members with voting rights meets
separately to discuss financial marters.
The Council of Management consist% of the Tru%tees and a n￿llber of members appointed by other bodie%, soine of
whom are entitled to vote while others are non-voting members. All members are welcomed to contribute to the
discussions.
Thc day to day managcni¢nt of thc Charity is dclcgat¢d by th¢ trustc¢s to thc Chi¢f ArchacologisL or su¢h othcr p¢rson as
the c.ouncil shall appoint.
Wider network
The Essex Society for Archaeology and History. The Royal Archaeological Institute.
Related parties
Transactions which involved Trustees or any related parties are disclosed in the notes to the fitMn¢ial statements. No
trustees or other related persons received any payment of any sort for any reason from the Trllst during the year.
Rlsk management
The Council of ManageTnent identifies the inajor risk5 to which the Trust is exposed each financial year Th'hen pi'eparing
and updating its strategic plans. The members review any major risk8 which have been identified and establish systems
io mitigate those risks. The Trustees are saiisfied ihai systems are in place 10 mitigate their exposure io the nujL)r risks
that have been so identified and reviewed.
The Trust is open to the usual financial risks of any organisation and the Trust has introduced controls to minimise those
risks. Ln addilion manageinent accounts are regularly produced and explained to the Council of Management and are
open for membcr inspection at any time.
REFE4 RENCE AND ADMJNJSTRATIVE DETAILS
Registered c.ompany number
01578133 {England and Wales}
Registered Charity number
283354
Registered office
Roman Circus House
Roinan Circus Walk
Colchestcr
Essex
C02 7GZ
Page S

COLCHESTER ARCHAEOLOGICAL TRUST LJMITED (REGISTERED NUMBER: 01578133)
Report of the Trustees
for the )'ear eThded 31st March 2023
Trustees
N P Wickenden Chairman
E A Bourton
CJ A P Chadwick
A F Clark
N CvLhrane
G M R Davie% (resigned 11412023)
S C Lansley
J C. Pearsall
A B Pliillips
Ncstaff
D J Goodman
J Mallinbon
C Farndell (resigned 2617120231
B Lawance
N Cope
L C Greet] (appointed 251112023}
P A Knappett (appointed 261412023)
Companv Secretary
W J Mallinson
Auditors
Attenboroughs (Accountants) Limiied
Statutory Auditor
l Tow'er House
Tower Centre
Hoddesdon
Hertfordsl)ire
ENII 8UR
Bankers
The Co-opei'ative Bank p.l.c
P.0. Box 250
Skelmersdale
WN8 6WT
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trLiStees (who aTe also the directors of Colchester Archaeological Tn]st Limited for the purposes of company law) are
rc%ponsiblc for prcparing thc Rcpnrt of thc Trustccs and thc fjnancial statcmcnts in accordance with applicablc law and
United Kingdom Accounting Standards (United Kingdom Geiiernlly Accepted Accounting Practice).
Company law require8 the trn%tee% to prepare firknqncial statements for each flnancial year which give a true and fair view
of the state of affairs of the Charitable company and of the incoming resources and application of resources, including the
income and expendilure, of the cl)aiitable coinpany lor that peiiod. In preparing those financial statements, the trustees
are required to
select suitable accounting policies and then apply ihem consistently;
observe the method5 and principles in the Charity SORP..
make judgements and e%timate8 that are reasonable and prndent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable
cOmpL￿Y will continue in busine5S.
Page 6

COLCHESTER ARCHAEOLOGICAL TRUST LJMITED (REGISTERED NUMBER: 01578133)
Report of the Trustees
for the )'ear eThded 31st March 2023
STATEMENT OF TRUSTEES, RESPONSIBILITIES- continued
The trngiees are responsible for keeping proper accounting records ivhich disclose with reasonable accuracy at any time
the fi￿ncIal p051tion of the charitsble company dnd to eiiable them to ensuTe that the financial stateinents coinply with
thc Companics Act 2006. Thcy arc also rc%pon%iblc for safeguarding thc as8ct% of thc charitablc company and hcncc for
taking reasonable steps for the prevention and detection of fraud and other irregulariiies.
In so far as the trustees are aware..
there is no relevani audit infornmtion ol'wl)ich the ¢I￿ritable conipany's audi￿rS are utllware; and
the t￿Ste¢S have taken all steps that they OUbFht to have taken to make then￿elVeS aware of any relevant audit
information and to ¢stablish that th¢ auditors ar¢ awarc of that information.
AUDITORS
Thc aiiditors, Attcnborough% {Accountant%) Limitcd, will bc proposcd for rc-appointmcnt at thc forthcoming Annual
General Meeting.
Approved by order of the board of trllstees on 2 1st December 2023 and signed on its behalf by.
Nickwickenden (Dec 21, 2023 11:55 GMT)
N P Wickendtn- Trubtet
Page 7

Report of the Independent Audltors to the Members of
Colchester Archaeological Trust Limited
Opinion
We l)ave audited tlie fitL4ncial stateinents of Colchester Archaeological Trust Liniited (the 'charitable company'l for the
year ended 31 st March 2023 wliich Co￿prise the Statcment of Financial Activities, the Balance Sheet, the Casli Flow
Ststement and notes to the finaneial statements, including a summary of significant ac¢nunting pnlicies. The financial
reporting Iramtwork that has been applied ii) their pitpaiation is applicable law and United Kingdom Accounting
Stsndards (United KiTISFdom Generally Accepted Accountin¥F Practice}.
In our opinion the financial siatements..
Tive a true and fair vie￿. of the state of the charitable company'5 affair5 as at 315t March 2023 and of it5 incominb
resources and application of resources, including it5 income and expenditure, for tlie year then ended.
hai'e been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and
have been prepared in accordance with tlie requirements of the Conipanies Act 2006.
Basis for opinion
We conducted our audit In LicCOTdi￿cc ThTrth International Standarils on Auditing {UK) (ISAs {UKII und applicable lilw.
Our responsibilitie5 under those standard5 are further described in the Auditors, responsibilities for the audit of the
financial statements section of our report. We are independent of the charitable company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard.
and we have fulfilled our otheT etliical responsibilities in accordance ￿'1th these requireinent5. We believe that tlie audit
evidet]ce we liave obtained is sufficient and appropriate to prol'ide a basis for our opinion.
Conelusions relating to going eoTheern
Tn auditing thc financial %iatcincnts, wc havc concludcd that thc trustccs, llsc of thc gaing conccrn basis of accounting in
the preparation of the financial staternents is appropriaie.
Ba%ed on the work we have perfornied. we have not idelltified any material uncertaintie% relating to event% or condition
that, individually or ¢olle¢tively, may cast significant doubt on the charitable company's ability to continue as a going
LonLetn for a period ol. at le￿Ist tivelve rnunths frum H,hen tlie fi[￿￿Li￿lI stateinentb are authorised tUT Issue.
(hir rcsponsibilitics and thc rcsponsibiliti¢s of thc trnst¢cs with rcsp¢ct to going ¢onc¢m arc dcscrib¢d in th¢ rclcvant
sections of this report.
Other information
The trustees are responsible for the other infom)ation. The other inforniation comprises the infomiation included in the
Annual Report, other than the finanLial stateTnent5 and our Report of the Independent Auditorb thereon.
Our opinion on the financial statements does not cover the other infornlltion and. except to the extent othenvise
explicitly stated in our reporL we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibiliry is to read the other infomiation and, in doing
SLI, consider whether the other inforniation is niaterially inconsistent with the financial statements or our knowledge
obtained in the audit or otherwise appears to be materially niisstated. If we identify such ￿￿terIal incon5iStencies or
apparcnt matcrial mis%tatcmcnt%, wc arc rcquircd to dctcmiinc whcthcr thi% givc% risc to a matcrial mi%statcmcnt in thc
financial slaiements theinselves. If, based on the i¥'ork we haie perfornied, we conclude that there is a material
isstdteTnent ol'thib vthei infutnvdtiun. we (lie required tu ieport that tLILt. We have nuthin¥ tu ieport in this iegklrd.
Opinions on other matters prescribed by the Companies.4ct 1006
In our opiiiion, based on the work undertaken in the coiir5e of tl)e audit..
the information given in the Rcport of the Trn￿te£s for the financial year for ul]ich the financial ststements are
prepared is consistent with the financial statements: and
the Report of the Trustees has been prepared ii) accordance ivith applicable legal requirements.
Page 8

Report of the Independent Audltors to the Members of
Colchester Archaeological Trust Limited
atters on which M'e are required to report b}. exception
In the light of the knowledge and undeTsLqndinS￿ of the charitable company and its. environment obtained in the course of
the audit, w¢ hav¢ not id¢ntifi¢d mat¢rial misstat¢m¢nts in th¢ Report of tlie Trust¢¢$.
We haN'e nothing to ieport in respect of the following inatteis M'heie the Companies Act 2006 requiies us to report to you
if, in our opinion..
adequate aceounting re¢ords have not been kept or returns adequate for our audit have not been received from
branches noi visiied by us; or
the financial statements are not in abwreement with the accountinbi records and returr15', or
certain disclosures of trnstees, remulleration specified by law are not made,. OT
we have not received all the inforniation and explanations we require for our audit; or
the trusiees were not entiiled to take advantage of the small coinpanies exemption from the requirement io prepare a
Strategic Report or in preparing the Report of the T[￿Ste£S.
Responsibilities of trustees
A5 explained more fully in the Statement of Tn]stees' Responsibilities, the trustees (who are a150 the directors of the
charitable company for the purposes of cornpany lawl are responsible for the preparation of the financial statements and
for being satisfied that they give a true and fair view. and for such internal control as the trnbteeb detemline is necesbary
to e[￿ble the preparation of financial stateinenls that are fTee from ￿￿terial misstatement, whether due to fraud or error.
In preparing the financial statemen(s, the tntstees are responsible tor assessing the charitable companys ability io
contiiiue as a going conteTn, disclosii)g, as applicable, matters related to going LonLem and using tlie going Concen) basis
of accounting unlc.%s thc t￿￿tCe% cithcr intcnd to liquidatc thc charitablc company or to cca%c opcration%, ar havc no
realistic alternative but to do so.
Our reSPODsibilities for the audit of the finaThcial statements
Our objectives are 10 obtsin reasonable assurance about whether the financial ststements as a whole are free from
￿￿te[la] misst(Itement, whether due tu fiaud or eTtor, and til Isbue a Report ol'the Independent Auditurs tliat inLludes our
opinioii. Reasonable as511rance is a hi¥h level of assurance. but 15 not a bTuaraiitee tliat an audit conducted in accordance
with ISAS (UK) will always dctwt 3 Inatcrial misstat¢m¢nt wh¢n it cxists. Misstat¢in¢nts can arisc from fraud or ¢rror
and are considered material if. individually or in the aggregate, they could reasonably be expected 10 influence the
econoinic decisions of users taken on the basis of these financial Statements.
We identified areas of laws and regulations that could reasonably be expected to have a material effect on rhe financial
statements. We design proLedures in line with our responsibilities, outlined above, to detect material misstatements in
respect of ifTegulaTlties (non-compliance with laws and regulations), including fraud.
The extent to which our pn)cedures are capable ofdeiecling irregularilies. including fraud, is detailed below..
Wc havc mad¢ ¢nquiws of manag¢m¢nt around a¢￿al and pot¢ntial litigation ¢laims.
The company is subject to laws and regulations that diieLtly affect the financial statements including financial reporting
legislation, distributable profit5 legislation, taxation legislation and pension legislation and we assessed the extent of
¢omplian¢e with these laws and regulations as part of our procedures on the related financial statement items.
We have reTriewed the financial statement disclosures and testing to support documentation to asses5 cornpliance with
applicable law% and regulations.
We have considered the risks. of manageinent ovetride of controls, including through testing journal entries and other
adjustnients for appropriateness, and evaluating tlie business rationale of significant transactions outside the noi'mal
cnur8c nf bu8inc.￿s.
A further description of our responsibilities for the audit of the financial ststements is located on the Financial Reporting
Council's website at ￿￿w.rr¢.Qrg.UklaUdll0rSresponsIb1[ItIes. This description fonns part of our Report of the
Independent Auditors.
Page 9

Report of the Independent Audltors to the Members of
Colchester Archaeological Trust Limited
Use of our report
This report is Inade solely to the cl)aritable company's menibers, as a body, in accordance watl) C.ILqPter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's Int￿berS
those matters we are required tn qtate tn them in an auditnrs, report and for no other purpn8e. Tn the fullest extent
pemiitted by law, Hie do not accept or assume responsibility to anyone other than the charitable compai)y and the
chaTitsble company's meinbers a5 a body, for our audit work. for this ieport, ui. for the upinions we have foTmed.
Mr David Roger Pattman FCCA (Senior Statutory Auditor)
for and on behalf of Aitenboroughs (Accountanisl Liiniled
sta￿tOry Auditor
l Towcr Hou%c
Tower C.entre
Huddesdon
Hertford%hire
ENII SUR
21st December 2023
Page 10

COLCHESTER ARCHAEOLOGICAL TRUST LIMrrED
Statement of Financial A£livitie$
(IncorporatiThgw all IThcome and Expenditure Account)
for the year ended 31st Marc h 21123
3113123
Total
funds
3113122
Total
nds
Unrestricted
fund
Restricted
funds
Notcs
INCOME AND EiYDOWMENTS FROM
Donatl0115 and legacies
35
7.284
7.319
16.604
Other trading activities
Investment income
1,459.3fv1
856
1.459,364
856
1.300,798
Total
1,460,255
7,284
1,467.539
1.317,402
EXPENDITLRE ON
Ruisiiib funds
1,086,603
2.376
1,088.979
870.037
Charitablc activities
Manab¥einent and adn]inistrative costs
155,74
155,740
129,070
Total
1,242.343
2,376
1.244,719
999,107
NET tNCOME
217,912
4,908
222,820
318,295
RECONCILIATION OF FUNDS
Total fi]nds brought fo￿vard
1.060,690
24,092
1,084,782
766,487
TOTAL FUNDS CARRIED FORWARD
1,278,602
29,000
1,307,602
1,084,782
The notes forni part of these financial statements
Pagell

COLCHESTER ARCHAEOLOGICAL TRUST LJMITED (REGISTERED NUMBER: 01578133)
Balance Sheet
31st March 2023
3113123
3113122
Note5
FIXED ASSETS
Tangible as5et5
12
490,771
480,074
CURRENT ASSETS
Stock5
Debtors
Cash at bank and in hand
13
14
2.198
788,955
518,803
2.198
788,413
303,424
1.309,956
1,094,035
CREDITORS
ATnounts falling due within one year
15
(391,7421
(375,206)
NET CURRENT ASSETS
918,214
718,829
TOTAL ASSETS LESS CURRENT
LIABILITIES
1.408,985
1,198,903
CREDITORS
Amuunts fiillin¥ due aftei Inoie than one yeai
16
(101,3831
NET ASSETS
1,307.602
1,084,782
FUTrIDS
Ui)restricted funds
Restricted funds
20
1.278,602
29,000
1.060,690
24,092
TOTAL FUNDS
1,307,602
1,084,782
These fi[￿￿Lia1 staiemenls have been PTepared in acLordance wilh the piovisitsns applicable lo chaTithble companieb
subject to the small companie5 regiine.
The Iinancial statements were approved by the Board of Trustees and authorised lor issue on 21st December 2023 and
were signed on its behalf by..
Nick Wickenden IDec 21, 2023 11.'55 GMT)
N P Wickenden- Trustee
The notes forni part of these financial statements
Page 12

COLCHESTER ARCHAEOLOGICAL TRUST LIMrrED
Cash Flow Statement
for the )'ear eThded 31st March 2023
3113123
3113122
Not¢s
Cash flows from operating aetivities
Cash gcncratcd from opcrations
Interest paid
258,587
(10,010)
104.376
{5,988)
Net cash provided by operating activities
248,577
98,388
Cash flows from inve5tlDg activities
Pur¢has¢ of tangiblc fixcd aswts
Tnterest received
121,5031
856
117,574)
Nct cash uscd in invcsting actiN'itics
(20,647)
117,574)
Cash flows from financing activities
Loan repayments in year
110,7251
{4.066)
Nct cash us¢d in fJnan¢ing activitics
110,7251
{4,066)
Change in cash and cash equivalents i
the reporting period
Cash and cash equiv&lent$ at the
begqnning uf th¥ reporting periud
217,205
76.748
301.598
224,850
Cash and cash equivalents at the end of
the reporting period
518,803
301,598
The notes forni part of these financial statements
Page 13

COLCHESTER ARCHAEOLOGICAL TRUST LIMrrED
Noles to th¢ Cash Flow Statement
for the )'ear eThded 31st March 2023
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
3113123
3113122
Net income for the reporting period (05 per the Statement of Financial
Actlvitlesl
Adjustment5 for:
DepreLialion charges
Interest received
Interest paid
Increase in debtors
Jncrease in creditors
222,820
318.295
10,805
18.fj6)
10,010
(541)
16,349
7,984
5,988
1448,454)
220,563
Net Cash provided by operations
258,587
104,376
ANALYSIS OF CASH AND CASH EQUIVALENTS
3113123
3113122
Cash in hand
Notice deposits (less than 3 months)
Overdrafts iiicluded in bank loaiis and overdrafts falling due within one y&
520
518,283
520
302,904
(1,8261
Toial cash and cash equivalents
518,803
301,598
ANALYSIS OF CHANGES IN NET FUNDS
At 114122
Casl) flow
At 3113123
Net cash
Cash at bank and in hand
Bank overdraft
303,424
{1.8261
215,379
1.826
518.803
301,598
217,205
518.803
Debt
Debts falling due within l year
Dcbts falling duc aftcr l ycar
{5.3771
{2,013)
12,738
{7,390)
(101,383)
(119,4981
10.725
1108.773)
Total
182,100
227,930
410.030
The notes forni part of these financial statements
Page 14

COLCHESTER ARCHAEOLOGICAL TRUST LIMrrED
Notes to the Financial Stat¢ments
for the )'ear eThded 31st March 2023
ACCOUNTING POLICIES
BatTriS of preparing the fin#Nci#l statement5
The finan¢ial statcments of th¢ ¢haritable Company, which ig a publi¢ benefit entity under FRS 102, have been
prepared in accordance with the c.harities SORP {FRS 102)'A¢counting and Reporting by Chariiies.. Statement of
Recommended Practice applicable to charitie5 preparing their accouiits in accoTdaiice with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019}',
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the Companies Act 2006. The tinancial staieinenis have been prepared under tlie historical cost
convention.
Jneome
All income 15 recognised in the Statement of Financial Activities once the charity ha5 entitlement to the fvnds, it
is probable that the income will be received and ihe amount ¢an be rneasured reliably.
InLome derived Irom the rendering of services is stated after trade discounts and net of VAT.
Expenditure
Liabilities are recobinised as expenditure as soon as there is a legal or ¢OllStru¢tive obligation committing the
charity to that expenditure, 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 under headings that aggregate all cost related to ihe category. Where costs cannoi be directly
attributed to particular headings they have been allocated to activitie5 on a basi5 consistent ￿Trth the use of
rcsourccs.
Allocation atld apportionment of costs
Tlie following policies are applied to the resources expended by the charity..
c.osts of raising funds- expenditure directly related to tlie receipts of funds.
Charitabl¢ activitics - Othcr labour costs not dircctly rclatcd to thc r¢ccipt of fvnds, thc Costs of th¢ Trusts
preinises and all other costs.
Tangible fixed assets
DepreLiation is prowided at the follo￿Ag amiual rates in order to write off eaLh asset tsver its estimated useful
Fixiures and fittings
Mtstor veliiLles
20°/0 on cost
20 /0 011 Cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after n]aking due allowance for obsolete and slow
moving itc￿L￿.
Taxatio
The charity exetnpt from corpordtion tax on it% charitable activitieq.
Fund aecounting
Unrcstrictcd fvnds can be used in accordance with the charitable objectives ai the discreiion of the trusiees.
Restricted fund5 can only be used for particular restricted putyose5 11'lthiii the objects of the charity. Restriction5
aTi%C whcn %pccificd by thc donor or whcn funds arc raised for particular rcstrictcd purpose.￿.
Further explanation of the nature and pU￿oSe of each fund is included in the notes to the financial statements.
Page 15
coniinued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMrrED
Notes to the Financial Statem¢nts- continued
for the )'ear eThded 31st March 2023
ACCOUNTING POLICIES- continued
Pension Costs #Nd other potTrt-retiremeTht beThefits
The charitable company operates a d¢fin¢d contribution pension scheme. Contributions payable to the charitable
¢ompanls pension scheme are charged to the Staiement of Finaniial Activiiies in ihe period to which they relaie.
DONATIONS AND LEGACIES
3113123
3113122
Donations
Grants
7,319
14,604
2,000
7.319
16.604
Grants received, included in the above, are as follows..
3113123
3113122
Oth¢r grants
2,000
OTHER TIi4DING ACTIVITIES
3113123
3113122
Fieldwork contracts
Publication and miwe113neous ￿leS
Roinan Circus ca￿ income
Roinan Ciicii5 Centre hire
1,448,700
3,721
1,500
5,443
1,292,633
1,568
6.597
1.459,164
1.300,798
INVESTMENT INCOME
3113123
3113122
Deposit account interest
856
Page 16
coniinued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMrrED
Notes to the Financial Statem¢nts- continued
for the )'ear eThded 31st March 2023
RAISING FUNDS
Other trading aetivities
3113123
3113122
Purchases
Staff co%ts
Travel and subsistence
C.oinpuier and website costs
Ronian Circus CentTe costs
B¢rnard Colbron costs
Freda Nichols costs
RCC. Giirdeiiin¥
Sccd Funding co%ts
General
CBC
Janet Fulford
RCVC
171,263
903,370
6,831
4,265
132,356
716,270
14,215
854
2,600
1,183
53
250
182
74
339
80
874
62
1,814
81
1,088,979
870,037
CHARITABLE ACTJVITIES COSTS
Support
costs (see
note 71
Management and administrative costs
155,740
SUPPORT COSTS
GoYeTnance
costs
Management
Finance
OtheT
Totsls
Managemenl and
administrative costs
71,215
10,118
64,182
10.225
155,740
NET INCOMEI(EXPENDITURE)
Net incomel(expenditurel is stated after charging(creditingl'.
3113123
3113122
Auditors, remuneration
Independent Examiner's fee
D¢prcciation- owncd asscts
3,750
6,475
10,806
2,838
7,984
Page 17
coniinued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMrrED
Notes to the Financial Statem¢nts- continued
for the )'ear eThded 31st March 2023
TRUSTEES, REMUNERATION AND BENEFITS
Theie were no ttustees, remuneTation or other benefits for the yeaT ended 315t March 2023 nor for the year ended
31 st March 2022.
Trustees, expenses
There were no
3 1st March 2022.
trustees, expenses paid for the y&4r ended 31st March 2023 nor for the year ended
ST AFF COSTS
3113123
3113122
Wages and salaries
SoLial secuiity costs
Other pension costs
873,966
81,421
16.665
701,980
58,703
12.443
972,052
773,126
The average monthly number of employees during the year was as follows..
3113123
3113122
27
Archaeological activities
Management and administration
34
No employees received emoluments in excess of £60,000.
COMPARATtVES FOR THE STATEMENT OF FtNANCJAL ACTIvrriES
Unrestricted
fund
Resthcted
funds
Total
funds
INCOME AND ENDOWLWIENTS FROM
Donations and lcgacics
13,602
3,002
16,604
Other trading activities
1,300,798
1,300,798
Total
1.314,400
3,002
1,317,402
EXPENDITURE ON
Raising fund%
863,769
6,268
870,037
Charitable activities
Manag¢m¢nt and athninistrative costs
129,070
129,070
Total
992,839
6,268
999.107
NET INCO.MEI(EXPENDITURE)
321,561
{3.2661
318.295
Page 18
coniinued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMrrED
Notes to the Financial Statem¢nts- continued
for the )'ear eThded 31st March 2023
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued
Unrestricted
Resiricted
fund
funds
Total
nds
RECONCILIATION OF FUNDS
Total fl￿dS brO￿￿t fon¥ard
739,129
27,358
766.487
TOTAL FUNDS CARRIED FORWARD
1,060,690
24,092
1,084,782
12.
TANGIBLE FIXED AS8ET.S
Fixtures
and
fJtting8
Freehold
property
Plant and
machinery
Mutor
vehicles
COST
At I st April 2022
Additions
451,140
16,700
42,445
3,211
8,995
18,292
519,280
21,503
At 31st March 2023
451,140
16,700
45,656
27.287
540,783
DEPRECIATION
At l%t April 2022
Charge for year
3,340
3,340
28,670
2,009
7.196
5,457
39.206
10,806
At 31st March 2023
6.680
30.679
12,653
50,012
PIET BOOK VALUE
At 3 1st March 2023
451,140
10,020
14,977
14,634
490,771
At 31st March 2022
451,140
13,360
13,775
1.799
480,074
Artwork at valuation included above not depreciated
10,oou
13.
STOCKS
3113123
3113122
Stocks
2,198
2,198
Page 19
coniinued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMrrED
Notes to the Financial Statem¢nts- continued
for the )'ear eThded 31st March 2023
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3113123
3113122
Tradc dcbtors
Amounts reLoverable on contract
Other debtoi
Prepaytnent
445,412
337,228
399,160
384,610
5(X)
4,143
6,315
788,955
788,413
15.
CREDJTORS: AMOUP4TS FALLING DUE WITHIP4 ONE YEAR
3113123
3113122
Bank loans and overdrafts (see note 17}
Trade creditor
Social security and other taxes
7,390
20.012
19,754
121,357
60,050
156,804
6,375
7,203
4.904
15,751
108,116
49,000
187.607
2,625
VAT
Other creditors
AccTuals and de[£￿ed income
Accrucd cxpcn%cs
391.742
375.206
16.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
3113123
3113122
Bank loans (see note 17)
101,383
17.
LOANS
An analysis of the maiurity of loans is given below..
3113123
3113122
Amliunts falling due within one year on demand..
Bank overdrafts
Bank loan8
1.826
5,377
7,390
7.390
7.203
Amounts falling between one and two years..
Bank loans 1-4 years
32,9L18
23,992
Amounts falling due in more than five years..
Repayable by ii)stalments".
Bank loans more 5 yr by instal
68.395
90.129
Page 20
coniinued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMrrED
Notes to the Financial Statem¢nts- continued
for the )'ear eThded 31st March 2023
18.
SECURED DEBTS
The following secured debts are included within creditor5'.
3113123
3113122
Bank loans
108,773
119,498
The ba]]k loan 15 secured on the propety kno￿1 a5 Rornan Circus House. The bank loan 15 repayable by
installmcnts by Fcbruary 2038. Thc currcnt intcrcsi rat¢ is 4.350/0.
19.
ANALYSIS OF NET ASSETS BETIVEEN FUNDS
U]]restriLte
At 31 March 202
Restricted
funds
Total
funds
funds
Tangibl¢ fix¢d ass¢ts
Current assets
C.urreiit liabilities
Long let￿ liabilitie5
Provisions for liabilities
473,127
428,773
1188,159)
1124,822)
473,127
459,793
1188,1591
(124,822)
31,020
588,919
31,020
619.939
At 31 March 2021
nrcstrictcd
funds
Rcstrictcd
funds
Total
funds
Tangible fixed assets
Curreni assets
Curreni liabililies
Long terin liabilitie5
Provisions for liabiliti¢s
470,484
541,334
1154,286)
1118,403)
470,484
508,692
(154,286)
(118,403)
27,358
739,129
27,358
766.487
Page21
coniinued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMrrED
Notes to the Financial Statem¢nts- continued
for the )'ear eThded 31st March 2023
20.
MOVEMENT IN FUNDS
Nei
ovement
in funds
At
3113123
At 114122
Unrestricted funds
General fund
1,060,690
217,912
1,278,602
Restricted funds
Fr¢da Nichols Library Fund
Roman Circus Centre Fund
Beiiidrd Colbion Memorial Fund
Arts Appeal Fund
Circus Centre Fund
Locality Budget
Model Fund
Circus Booklet Flind
Heritage Lotiery Emgerency Fund
RCC. Gardening
8c¢d Funding
RCVC Mndel Room
C.BC Grants
Janet Fulford Bequest
1,572
(6211
4,846
2,000
3,316
2,300
528
3,833
3.255
2.145
918
{339)
814
1,233
4,846
2,000
3.316
2.800
528
3.833
3.255
2,145
1,084
419
438
2,910
51KJ
166
419
438
2,910
24,092
4.908
29.000
TOTAL FUNDS
1,084,782
222,820
1,307,602
Nct movcmcnt in funds, in¢lud¢d in thc abovc arc as follows..
IncoTning
resources
Re50urce5
expended
Movernent
in funds
Unrestrieted funds
General fund
1,460,255
(1,242,343)
217.912
Restricted funds
Fr¢da Nichols Library Fund
Roman Circus Centre Fund
Locality Budget
Seed Funding
RCVC Model Room
CBC (Trant
Janet Fulford Bequest
{339)
(339)
814
500
166
419
438
2,910
814
500
246
5(X)
500
4,724
(80)
(81)
(62)
{1,814)
7,284
(2.376)
4.908
TOTAL FUNDS
1,467,539
11,244,719)
222,820
Page 22
coniinued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMrrED
Notes to the Financial Statem¢nts- continued
for the )'ear eThded 31st March 2023
20.
MOVEMENT IN FUNDS- continued
Comparatives for movement ITh funds
Nei
overnent
in fund
At
3113122
At 114121
Unrestricted funds
G¢n¢ral ￿nd
739,129
321,561
1,060,690
Restricted fu￿d5
Frcda Nichol% Library Fund
Roman Ciicub Ceiitre Fund
Beniard Colbion Memorial Fund
Arts Appeal Fund
Circus Centre Fund
Locality Budget
TO1￿ Model Fund
Circus Booklet Fund
Heritage Lotiery Emgerency Fund
RCC Gardening
Sccd Funding
1,624
(481)
8.029
2,000
3,276
2.300
528
3,8.33
3,255
2,395
599
(52)
(140)
{3.183)
1,572
(621)
4,846
2,000
3,316
2,300
528
3,833
3.255
2,145
918
{250)
319
27.358
(3,266)
24,092
TOTAL FULYDS
766,487
318,295
1,084,782
Comparativ¢ nct movcmcnt in funds, includcd in thc abovc arc as follows..
IncoTning
resoU￿eS
Re50urce5
expended
Movernent
in fimds
Unrestricted fund5
General fund
1,314,400
(992,839)
321,561
Re5trieted funds
Freda Nichols Library Fund
Roman Circus C.eiitre Fund
Bemard Colbron Memorial Fund
Circus Ccntrc Fund
RCC Gardening
Seed Fundin
153)
(2,6001
(3,183)
152)
{1401
(3,183)
40
(250)
319
2,460
(250)
(182)
501
3,002
(6,268)
{3.266)
TOTAL FUNDS
1,317,402
1999,107)
318,295
Page 23
coniinued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMrrED
Notes to the Financial Statem¢nts- continued
for the )'ear eThded 31st March 2023
20.
MOVEMENT IN FUNDS- continued
A C￿￿ent year 12 months and prior 12 months COTnbined position 15 as follows-.
Nei
moN'tment
in fund
At
3113123
At 114121
Unrestrictcd funds
General
739,129
539,473
1,278,602
Rtstricted funds
Freda Nichols Library Fund
Roman Circus Centre Fiind
Bemard Colbron Memorial Fund
Arts Appeal Fund
Circus Centre Flind
Locality Budget
Town Model Fund
Circus Booklct Fund
Heritage Lottery Emgerency Fund
RCC. Gardaiing
Seed Funding
RCVC. Model Room
CBC (Trants
Janet Fulford Bequest
1,624
{481)
8,029
2,000
3,276
2,300
528
3,833
3,255
2.395
(391)
674
{3.183)
1,233
193
4.846
2,000
3,316
2.800
528
3,833
3,255
2,145
1,084
419
438
2,910
500
(250)
485
419
438
2,910
27,358
1,642
29,000
TOTAL FUNDS
766,487
541,115
1,307,602
Page 24
coniinued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMrrED
Notes to the Financial Statem¢nts- continued
for the )'ear eThded 31st March 2023
20.
MOVEMENT IN FUNDS- continued
A C￿￿e1)t year 12 month5 and prior year 12 months combined net mO￿t￿ent in funds, included in the aboye are
as follows..
InLvming
re%ource
Resources
expended
MoN'ement
in funds
Unrestrictcd funds
General
2,774,655
12,235,182)
539,473
Rtstricted funds
Freda Nichols Library Fund
Roman Circus Centre Fiind
Bemard Colbron Memorial Fund
Circus CentTe Fund
Locality Biidget
RCC (iardening
Seed Fuiidiii
RCVC Modcl Room
CBC Grantq
Janet Fultoid Bequest
(392)
(2,600)
{3.183)
(391)
674
(3.183)
40
500
(2501
485
419
438
2,910
3,274
500
(250)
(262)
181)
1621
{1,814)
747
5(X)
5(X)
4,724
10,286
{8,644)
I,(A2
TOTAL FUNDS
2,784,941
(2,243,826)
541,115
21.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 3 1st March 2023.
22.
DEFERRED INCOME
Income of £156,804 {2022.. £187,606) has been defe￿ed. The defe￿ed income relates to the ￿TitIllg of a Report
that is ongoing.
23.
PURPOSES OF FUNDS
General Fund
The general fund is unrestricted and holds a¢¢urnulated surpluses for future chariiable activities.
Freda Niehols Library Fund
The restricted fund consists of funds froni the Freda Nicl)ols Estate w'hich exists to establish a resource library for
the T￿St.
Clrcug Centre Fund
The restricted fimds ¢on8lSts of money raised from donations to go towards the Junning costs of the visitor eentre
and tvwaTds purLhases aiid deiielopment of exhibit5 within the Lentre and surrounding aTeas.
Art Appeals Fund
The restricted fund consists of fi￿dS donated for tlie purchase of art for tlie visjtors centre.
Page 25
coniinued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMrrED
Notes to the Financial Statem¢nts- continued
for the )'ear eThded 31st March 2023
23.
PURPOSES OF FUNDS- continued
Bernard Colbron Memorial Fund
The restricted funds consists of money doiiated in the memory of Bemard Colbron for the purpose of display5 for
the visitor centre.
Loeality Budget
The restricted fund is from local Cliuncillor donations towards improving the centre signage and the sireer signage
for the centre.
Circus Booklet Fund
Th¢ restri¢t¢d fund is for the creation of a booklet about the visitor ¢entre.
Page 26

Colchester Archaeological Trust Limited
31.03.2023 (Companies House)
Final Audit Report
2023-12-21
Creatwj
202&12-21
By".
Jules Cook Q'c@caluk.LYgl
Slalus..
Signed
Tran5acbon ID..
CBJCHBCA4BA44qa502FK1N511I￿nAEJBRdmhlZ4pjHL
"Colchester Archaeological Trust Limited 31.03.2023 (Companie
s House)" History
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