2025-03-31-accounts

REGISTERED COMPANY NUMBER: 01578133 (England and Wales) REGISTERED CHARITY NUMBER: 283354 Report of tbe Trustees and Financial Statements for the l'ear Ended 31st March 2025 for COLCHESTER ARCHAEOLOGICAL TRUST LIMtTED AttenE()roughs (Accountants) Limited Statutory Auditor l Towcr Hous¢ To￿"er Centre HixldLsdon Hertfordshirc ENII 8UR

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Contcnt5 of the Financial Statcmcnt5 for the year ended 31st Illareh 2025 Page Report of the Trustees Report of the Independent Audilors Statement of Financi21 Activities 12 Balanee Sheet 13 to 14 Cash Flow staten￿nt 15 Note5 to the Cash FloTh Statement 16 Note5 to the Financial Statements 17 to 29 Detailed Statsment of Financial Activities 30 to 31

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Report of the Trust￿￿ for the year ended 31st Illareh 2025 The trustees who are also directors of the charity for the purwses of the Companies Act 2006, present their report with the financial statemcnis of thc charity for the ycar ended 3 1st March 2025. The trustees havc adoplcd Ihc provisions of Accounting and Rewrting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Rewrting SL￿dard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTtvrrtES Objectives and aims The objectives of the Trust are to advance the education of the public in the science of archaeology and to promote the appropriate preservation, recordiT]g, excavation and interyjrelation of archaei)logical sites and historic buildings in Colchester and the neighbouring districts. To achieve these end5 the Trust has the poweT to conduct archaeological excavations and surveys, carry out appropTiate research, publish the results and mount exhibitions. The Trusl is obliged to ensure the safe-keeping of all its fmds and records and to arrange for their eventual dep)sition in an appropriate public institution. Powers to achieve these ends include: a} thc abilily to acquirc, mortgagc, r¢nt or s¢ll rcal or pcrsonal ¢stat¢; b) the ability to construct, maintain or alter houses or other buildings; c) to accept gifts of prO￿rty' d) thc ability to raise money by appeals or subscriptions or by accepting donations pmviding that thc Trust docs not undertake tErmanent trading activities in raising funds for ihe objectives of the Trust. Ensuring our work delivcrs our aims We review our aims, objectives and activities each year. The review l(K)ks at ivhat we have achieved and the progress of our work in thc pr¢vious 12 monihs.Th¢ r¢vi¢w also hclps us to cnsur¢ our airy obj¢ctiv&8 and activiti¢s rcmain focus¢d on our stated purpose. We have refe￿ed to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activilies. Public benefit The Trust promotes archaeology through lectures and open days on sites. these and other charitable activities are undertaken to further our charitable purposes for tbe public benefit. Volunteers Volunteers continue to play a crucial role in the development of the centre and in the work of the Trust. About 30 volunteers came to offer help on a regular basis throughoui the year on a range of projects and Lqsks including interacting with visito[7 to the centre, gardenin& helping proces5 archaeological finds from recent excavations. or helping to make our giant I..4￿ scale model of the Roman toThTr. Trustee volunteer Neil Staff aided by Richard Tixld and other volunteers continucd to undcrtakc much needed mainlenancc and improvement ￿..ork in and around thc iwisitor ccntrc and the Trust offices above. Page I

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Report of the Trust￿￿ for the year ended 31st Illareh 2025 ACHIEVEMENTS AND PERFORMANCE STRATECJIC REPORT Achievement and perforniance Last year's increased I￿rf0mlanCe was ll]aintained. Total income this year was £1,429,151 (2024: £1,161,807) of which £1,393,585 (2024.. £971,957) related to field1v0￿ contracts. As in recent previous annual reports, we present below a measure of perfomiance based on the completion dates of the project reports since these provide a clearer indicaiion of perfonnance and achievement than project starting dates. The completed Teports consist mainly of accouT]ts of iT]vestigation5 on development site5, desktop assessments of archaeological sites, archaeological excavations, and hisloric building surveys. These reports were uploaded on to the CAT/University of Essex domain (http.'/lcat.essex.ac.uk) and thereby. with the exception of the desktop assessments, made available for free and unrestricted public downloa(L This will be moN'ed from the University of Essex onto CATS own website during 2025-26. Based on the reports fmished in the year, the following 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 with limited penetration into the surrounding countics. Year ColLhe5ter Elsewhere in Essex Suffolk Hertfordshire Cambridge Norfolk Somerset Kent London Tyne & W&2r Total 2024-25 35 72 2023-24 47 69 2022-23 73 72 2021-22 79 63 2020-21 77 63 120 129 152 151 153 The number of quolations accepted in ihe financial year 2024-25 for future new projects (as opw)sed to ￿rther work on existing ones) is another good, albeit indireci, indicator of the Tn]st's perf0rnll￿ce during Ihat period. The number of jobs for which quotations w¢rc giv¢n during this tim¢ was 188 (120), of which 63.83 % wcr¢ sucCcss￿l. Thc total valuc of thc latter group is simikn to that of the previous year. Although this year has been another relatively slow year in tern]s of actual fieldworL CAT has managed a net invoicing amount of £1.281, 657. The breakd0Th￿ in tenns of project type for 2024-25 as compared with previous years: Year Desktop assessment Biiilding rccording watching briefs Excavations Evaluation5 Geophysical surveys Hcritagc impact statcmcnts Totals 202*25 14 13 45 io 38 2023-24 14 13 45 2022-23 15 2021-22 12 2020-21 12 15 53 13 55 57 22 45 49 51 120 128 152 151 153 Fieldwork Page 2

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Report of the Trust￿￿ for the year ended 31st Illareh 2025 The year 2024_25 was again FK)or in terms of the volume of fieldwork undertaken when compared to recent years, particularly when compared to previous financial years ￿'hen large excavations have dominated and resulted in the Trust cxpanding its team considerdbly. For 2024-25 wc incrcascd our staffing with tcmp)rary contracts to help covcr the summer burst, which then enabled us to reduce our employee count when we hit the quieter autumn period. We plan to use the &qme strategy t.or 2025-26. We started the year continuing with a large area strip in advance of a quary expansion is currently taking place at a farm in Great Bentley. A Roman field system and watering hole have been recorded as well as a reasonable number of pr¢historic pits and trcc-throws. We also retumed to a local bus dewt site to excaN'ate a trench for a new electricity cable which links the new buildiiig to a substation to the 50Uth of Firstsite. The trench contained walls ￿longing to the Theatre Royal and the remains of the same Roman street found during the main excavation. The construction phase of the project is now underway a I{￿al ex-hospital site. CATS involvement in this phase of work was largely limited to archaeological moniloring. but some small excavations still needed to take place. One of these small excavations was undertaken in early May to facililate a new access road from the south (off of Gray Road). A heavily truncated Roman burial, numerous Roman pits and the continuation of a long line of beam slots were uncovered. The distance covered by the beam slot features suggests that these could be the remains of a Roman aqueduct. During this pcri(Ml, CAT undcrt(K>k thc largest area of archaeological invcstigalion at this sitc sincc thc construction phase bcgan. The excavation area wa5 I￿ated behind the retaiT]ed buildinu facade in the north<astern corner of the ex-hospital site. Many Roman features were uncovered, including a dilch conlaining articulated animal Ixbnes, a series of graves which respecte(Vwere aligned with a boundary ditch (pethaps dividing the land into burial plots) and deep, timber-lined pits containing a fantastic array of Roman f￿d5. One of the graves contained grave goods (whole pottery vessels) but no bone, whereas two other graves contained almost complete skeletons but no grave goods. One was a child (5-9 years old), and thc oihcr was an adult who had kcn buricd in a small, shallow grnvc, lying slightly on thcir sidc with thcir hands 'together'. At fLrst, we thought the hands had been Fx)un(L but there turned out to be quite a gap between them. It IS possible they were buried holding someihing organic which has long-since decomposed. Several large, square, Stee￿sided and decp pits were cxcavated. Thcsc pits must havc had wooden linings to have stayed open without thcir edges collapsing. The finds from these pits included whole and almost-complete pottery vessels and some beauti￿1 wooden objects including a long spoon. One of the almost-complete is a face pot which is likely to have been displaced from an earlier burial. The f￿st two {of five) excavation areas ivere stripped open al a proposed quarry sile in Belslead near Ipswich. Two post-mcdicval/miKlcm brick kilns, a prchisioTiC ring-diich and numcrous othcr pits and ditchcs havc iKcn uncovcrc(I packed with fwe debris along with a further prehistoric ring-ditch. Wod( was Ca￿led out in the largest excavation area which t￿k multiple months for our team lo complete. We completed all five excavation areas at the si* ahead of Schedule and below the quoted price. The final days on site were spent excavating a large sub-square enclosure which may have housed an Iron Age famisfrad (no evidence of roundhouses or any other structures ￿ere identified ivithin the cnclosurc). CAT undertook an archaeological excavation in Cambridgeshire for a regular client in a small village on the outskirts of Ely. Although an archaeological evalualion at the sile by CAT had found i'ery litile, the decision was made by Cambridgeshire Council to request areas of the site be stripped before the new houses were built. CATS excavations confmed that none of the Saxon activity that bad been identified on a nea￿Y site continued into the proposed d¢v¢lopmcnt a￿2. Of particular not¢ on this PTOjCCt was thc hatd work and dcdication of two m¢mb¢rs of thc ficldwork team who drove to Ely and back every day for almost two weeks to complete this project for CAT. Page 3

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Report of the Trust￿￿ for the year ended 31st Illareh 2025 We also began stripping another large area of lartd in Wivenhoe for the expansion of a quary on the outskirts of the town. The previous phase of this project (undertaken last year) uncovered some interesting prehistoric and medieval features, and it is hoped that similar archaeology will be found this time an)und. Pits and wst-holcs wcrc idcntificd. Activity in the area appears to largely date to the Roman and prehistoric ￿n(KIs, although there have been some medieval and later field boundaries identified. The area ihat needs investigating is N'ery large indeed we anlicipated it would take most of 2024 to complete. We ho￿.e￿.er, completed all the available excavation work on the huge ph&se. In the fu]al two weeks of the project the team discovered the remains of two 5unken-floored building5 {SFB's). One of the buildings was particularly in(eresting as it appears lo datr to the IIW centi]ry (perhaps a mucli later fomi of the Anglo-saxon SFB'S that arc commonly found in our 2r¢a}. Thc building also had a laig¢ hcarth built of rc-uscd Roman building materials which stood in one corner of the pit forniing the lower part of the structLWe. A small excavation in Clacton uncovered a busy Roman site with post-holes from nuvnerous post-built structures, pits containing significant quantities of Roman material and the comer of a Roman enclosure. Three excavation areas were excavated on the outskirts of the village of G￿at Tey in advance of the construction of new housing by one of our rnain clients. The southern excavation area conlained ditches and pits, whereas the two excavation areas in the north identified what appeared to ￿ a long sequence of large pits linked together by a channel (over 70m in length). Very little datable material was recovered from any of the features on 5lte. However, a silver coin and a small quantity of pottery indicate that the activity identified is most likely to be medieval in date. The geology in the area is a glacial clay containing a largc quantity of flint nodulcs. A ptobablc intcrprctation for thc largc pits is that thcy were excavated to Tecover flint nodules foT use in the nearby church (which has flint in the walls). The infill Tnaterial in the pits had the appearance of having been deposited under ivaler-logged conditions. so ihe possibility ihat the pits represent a sequence of ponds Joined together by a channel cannot be ruled out. A geoarchaeologisl w&s employed lo visit site and examine the dewsits, but they were unable to conclude whether the pits had held water for a substantial period of time or simply as they gradually infilled. In 2023 CAT carried out a building recording on outbuildings at the site and a small trial trenching evaluation in Witham, Essex. The evaluation revealed an undaied ditch and six slrnctural features {four wall foundations and two fl(x)rs}. Thc 1839 tithe map and early OS maps show that thcrc M'as an carlicr building on this sitc. Having ovcrlaid the evaluation results with the tithe map it ShO￿.ed that the structural featL￿eS recorded align ￿1th walls of this earlier building {CAT Rewrt 1941) and we stripped the site to see if more can ￿ l&irnt alx>ut this historic building. We unLoveTed the remains of a post-medieval building ivhich had once occupied the site. Several walls, built from unfrogged red bricL brick floors and mortar fl(K)rs were identified. The remains conwrise almost an entire building, which aligms with a structure depicied on Ihe 1839 tithe app)rtiomnenl map. During ihe (ongoing} AMR phase of worL several post-mcdicval pits havc bccn idcntificd, including Nvo ccsspits. We undertook archaeological recording work on behalf of Essex County Council and Historic England at the remains of a Tudor blockhouse on Mersea Island which 15 being eroded by the sea. Blockhouses are defensive structures built specifically to house a small artillery garrison and to protect the gunners and ammunition from attack. Distributed along the c&gt, south and south-west coasts, therc are 27 cxamplcs ivhich arc known to surn1￿'t in various states of rcpair. The Tudor blockhouse 300m south of Mersea Stone is the only example with upstanding earthwoTks in Essex, although frawenls of others may survive incorporated into later militsry defences. The site has a ￿'ealth of related documentation. The struclure is knowm to have seen action in Ix)th 1588 and 1648. CATS work involved baiiling ihe lides lo record ihe exposed section through the fort. During the work a defensive ditch around the perimeter was identified and clay pipes and a musket ball were recovered from a small slot excavated througb its fill. A small, week_long excavatiOTt iTt the village of Stock uncovered pits and ditches infilled with either the waste from, or the remains of, a nearby tile kiln. Some pottery relating to the StiKk wttery industy ivas recoNered, but most of the matcrial could bc confidently &scribcd to tilc pr(Mluction. presumably somcwherc in thc close vicinity. Roman Cireus Visitor Centre The Centre continues to be open all year offering independent visits and guided iours, welcoming visitors, some with accompanying childr¢n. Assisting our two in-hous¢ qualificd Col¢hcst¢r Tour Guidcs. scvcn Co]ch￿t¢r Tour Guidcs Ass(Kiation n]en]bers volunteered to conduct guided tour5 on Saturdays and special event days, including during the national 'Heritage Open Day, scheme and Festival of Archaeology. Page 4

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Report of the Trust￿￿ for the year ended 31st Illareh 2025 The Centre is still supported by a dedicated group of volunteers". gardeners and seven IT] the Visitor Centre. As well as hosting community group meetings. the Ccntrc arranged illustratcd talks for thc public. Richard Bale (researcher in Ancient Roman history and public ￿aker) presented his 'Roman Life, series of discourses. We have had some visits from schools and groups. The cafe was in effect franclll.sed out on an experimental basis from oc10￿r 2020 until September 2024 to help reduce CAT staff costs. W¢ 2r¢ currcntly unsur¢ if this will r¢-opcn. FtNANCtAL REVIEW Financial position The Lhan"ty has general reserves of £1,194,945 at the end of the year. which are sufficient to cover 10 months management and administrative expenses and other costs. Principal funding sources The Principal funding sources are fees for archaeological wort donations. gifts and reserves. Reserves policy The Council of Management has resolved to establish reserves to provide for future activities. Desi￿ated contingency fiwds are maintained to cover futhre costs. Going eoneern The Council of Management is satisfied that ihe Trust's assets in each fund are available and adequate to thlfil its obligalions in respect of each fund. The charity has adequate reserves to continue as a going concern for the forseeable futLWe. FtrruRE PLANS The charity plans continuing the activities outlined alx)ve in the forthcoming y&qrs subject to satisfactory funding kvrangcmcnts. STRUCTURE, GOI'ERNANCE AYJ D LWAGEMENT Governing documcnt The charity is controlled by its governing documenL a deed of tn]sL and constitules a limited company, lllnited by guarantcc, as d¢fin¢d by thc Companics Act 2(K)6. Recruitment and appointment of new trustees Members are elected or re-elected by rotation at the Annual General Meeting. There are no restrictions on the number of tenns of oifice a member can sm'e but Ihe Trusl's constituiion does s￿Ify a maximum number of members. N￿V trustees aTe selected because of their eX￿rtISe and competencies that they are able to offer. no specific training is required. Organisational structurc The Council of Management meets regularly throughoui the year to discuss and plan objectives and the implementation thcrcof. Matt¢rs of gcncral conccrn arc rais¢d with all mcmbc￿. A committcc of mcmbcr3 with voting rights mccts separately to discuss financial matters. The Council of ManageTnent consists of the Trustees and a nuTnEer of membeT5 appointed by other bodies, some of whorn are entitled to vofr while others are non-voting members. All members are welcomed to contribute to the discussions. The day to day management of the Charity is delegated by tbe trustees to the Chief Archaeologist, or such other person as the Council SIMII appoint. Page 5

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Report of the Trust￿￿ for the year ended 31st Illareh 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Wider nehvork The Essex Society for Archaeology and History, The Royal Archaeological Institute. Related partie5 Transactions ￿,hICh involved Trnstees or any relaied parties are disclosed in the notes to the fmancial statements. No trustccs or othcr rclatcd pcrsons rcc¢iv¢d any paymcnt of any sort for any r￿n from thc Trust during thc y¢ar. Risk management The Council of Management identifies the major risks to which the Trust is exposed each financial year when preparing and updating its strategic plans. The members review any major risks which have been identified and establish systems to mitigatc those risks. The Trustccs arc satisfied that systcms arc in place to mitigatc thcir cxposure to the major risks that have been so identified and reviewed. The Trust is open to the usual financial risks of any organisation and the Tn￿t has introduced controls to minimise those risks. In addition management accounts are regularly priyjuced and explained to the Council of Management and are open for member inspection at any time. REFERENCE AND AD1￿IlNISTRATlVE DETAILS Registered Company number 01578133 (England and Wales) Registered Charity number 283354 Registered oftTice Roman Circus Hous¢ Roman Circus Walk Colchester Essex C02 7GZ Trustees N P Wickenden Chairman E A Bourton G A P Chadwick (resigned 241112025) A F Clark (resigned 111912025) N Cochranc S C Lansley (resi￿ed 31612024) J C Pearsall A B Phillips {resigned 121612024) N C Staff D J Gooi]man J Mallinson B Lawrance L C Green P A Knappett N Benjamin (appointed 241112025) G Lunn (appointed 241112025) Company Secretary W J Mallinson Page 6

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Report of the Trust￿￿ for the year ended 31st Illareh 2025 REFERENCE A.YD ADMINISTRATIVE DETAILS Auditors Attenboroughs (Accountants) Limited Statutory Auditor l Toiver House Tower Centre Hoddesdon Hcrtfordshirc ENII 8UR Bankers The Co-operative Bank p.l.c P.0. Box 250 Skeltllersdale WN8 6wr STATEMENT OF TRUSTEES, RESPONSIBtLrtIES Thc trustccs (who arc also th¢ dii¢¢tots ol Col¢h¢st¢r IlTchacological Tn￿1 Limit¢d for th¢ purposcs of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting sL￿dar{L$ {United Kingdom Generally AccepÈd Accounting Practice). Company law requires the t￿￿teeS to prepare fiTtancial statements for each financial year. Under that law, the tNstees have eleLted to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting PTactice (United KingdoTn Accounting Standards and applicable law). Under company law the trnstees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable cotnpany and of the incoming resources and application of resources, including the income and exF£nditure, of the charitable company for that peri(Kl. In preparing those financial ststements, the trustccs arc requircd to select suitable accounting wlicies and then apply them consistently" observe the methods and pnneiples in the Charities SORP. make judgements and estimates that are reasonable and prudent; prepare the fmancial statements on the going concern basis unless it is inappropriate to presume that the charitable company ￿111 continu¢ in busin¢ss. The trustees are responsible for keeping proper accounting recor(Ls which disclose wilh r￿￿Onable accuracy at any time thc financial position of thc ¢haritabl¢ company and to cnablc th¢m to cnsur¢ that th¢ financial st2tcm¢nts coinply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and deiection of fraud and other irregularities. In so far as the trustees are aware: th¢r¢ is no rcl¢vant audit infornlation of which thc ch8rit2blc company's audito￿ arc unaivarc; and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit infornmtion and to establish thai the auth.tors are aware of thai inforn)atio AUDJTORS Thc auditors, Attcnboroughs (Accountants) LimitaL will bc prop)S¢Jl for rc-apwyintmcnt at thc forthcoming Annual General Meeting. Approved by order of the ￿ard of trustees on 17th December 2025 and signed on its khalf by.. Page 7

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Report of the Trust￿￿ for the year ended 31st Illareh 2025 N P Wickenden - TrL￿tee Page 8

Report of the Independent Auditors to the Trustees of Colchester Archaeological Trust Limited Opinion Wc havc auditcd thc financial stai¢mcnts of Colchcstcr Archa¢ologi¢al Trust Limil¢d (th¢ '¢h2ritablc company,) for thc year ended 3 1st March 2025 which comprise the Statement of Financial ActiNities, the Balance SheeL the Cash Flow stat￿ment and notes to the financial statements. including a summary of SI￿lfICant accounting policies. The financial reporting framcwork thai h&s been applicd in thcir preparntion is applicablc law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charitable companV5 affairs as at 31st March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; havc LKYn prop¢rly pr¢patcd in accordancc with Unitcd Kingdom G¢nct2lly Acccpt¢d Accounting Practicc; and have been prepared in accordance with the requiremenls of the Companies Act 2006. Basis for opinion We conducted our audit in accordance wiih International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those Standards aTe further descril￿ in the Auditor5, responsibilities for the audit of the f￿anCIal statements section of our report. We are independenl of the charitable company in accordance with the ethical requirements that are relevant to our auth"t of the fllllmcial slatements in the UK incluth.ng the FRC'S Ethi"cal SLqndard, and wc hav¢ fulfill¢d our oth¢r ¢thical r¢sponsibilitics in accordancc with th¢s¢ rcquir¢m¢nts. Wc bcli¢v¢ that th¢ audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinio Conclusions relating to going concern In auditing the financial statements, we have concluded that ihe trustees. use of the going concern basis of accounting in the preparation of thc financial statcmcnls is appropriate. Based on the work we have ￿fOrn1ed, we have not idenlified any material uncertainties relating to events or conditions that, individually or collertively. may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve inonths from when the fllwcial statements are authorised for issue. Our rcsponsibiliti¢s and th¢ rcsponsibililics of thc trust¢cs with r¢sp¢ct to going conc¢rn arc d¢scriLKd in thc rclcvant sections of this report. Other informatio The trustees are responsible for the other infonnation. The other infonnation comprises the infonnation included in the Annual Repon, other than the financial stateTnents and our Report of the Independent Audilors thereon. opinion on the fu￿￿claI statemenls does nol cover the other infornlation and, except to tbe extent otberwise cxplicitly ststcd in our rcport, w¢ do not ¢xprcss any forn) of assuranc¢ conclusion thcrcon. In connection with our audit of the financial statements, our responsibility is to read the other inforn]ation and, in doing 50, consider whether the other information is Materially incon5iStent with the financial statevnents or our knO1￿]ed￿Je obtained in the audit or otherwise appears to be materially misstale¢l If we identify such material inconsistencies or apparent material misstatements, we are required to detemiine whether this gives rise to a material misstatement in the financial statetnents themselwe5. If. based on the ivork we have perforn]ed. we conclude that there is a rnaterial misstatement of this other Informatio￿ we are required ￿ rqx)rt that facL We haN'e nothing to rew)rt in this regard. Matters on which we are required to report b). exception We have nothing to report in respecl of the following matters where the Clwities (Accounts and Rewrts) Regulatioiis 2008 requires us to report to you if. in our opinion- the infonnation given in the Rewrt of the Trustees is inconsistent in any material respect with the financial statements" or the charitable company has not kept adequate accounting records" or the financial statements are not in a￿ement with the accounting records and retums; or we have not reLeived all the llrfomialion and explanations we require for our audit. Page 9

Report of the Independent Auditors to the Trustees of Colchester Archaeological Trust Limited Responsibilities of trustees As cxplain¢d morc fully in th¢ Stai¢mcni of Trust¢¢s' R¢swnsibililics, th¢ tntst¢¢s (￿,hO ar¢ also th¢ dircctors of thc charitable company for the pU￿oseS of company lai4') are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair vieiv, and for such internal control as the trnstees detern]ine is necessary to cnablc the prcparation of financial statcmcnts that are free from matcrial misstatcment. whether due to fraud or crror. In preparing the fllkqncial statements. the tn￿tee5 are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, mattets related to going concem and using the going concem basis of accounting unless the trustees either intend io liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Our responsibilities for the audit of the financial statements Wc have bccn apwTrintcd as auditors under Section 144 of the Charitics Act 2011 and rq)ort in accordancc with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurJnce aiK)Ut whether the financial statements as a whole aTe free from n￿terial misstatemenL whether due to fraud or error. and to I￿Ue a RetK)rt of the Independeni Auditors that includes our opinion. Reasonable assurance is a high level of assurdnce. but is not a guarantee that an au(h"t conducted in accordance with ISAS (UK) will always d¢t¢ci a mal¢ri21 misstat¢mcnt whcn il cxists. Misstatcm¢nts can arisc from fraud or crror and are considered material if, individually or in the aggregate. they could r&qsonably be expected to infiuence the economic decisions of users taken on the basis of these financial statements. We identified areas of laws and regulalions that could reasonably ￿ expected to have a material effect on the financial statcmcnts. Wc dcsign proLcdurcs in line ii'ith our rcsponsibilities. outlined abovq to detCL"t matcrial misstatcmcnts in respeLt of I￿egula￿tIcs (non-compliance with laws aT]d regulations), including frau The extent lo which our procedures are capable of deiecling irregularilies, including fraud, is deLqiled below: We have made enquires of management around actual and potential litigation clain]s. The company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation, distributable profits legislation, t&xation legislation and ￿nSIOn legislation and we assessed the exlent of compliance with ihcse laws and rcgulations as part of our procedures on thc related financial slatcmcnt itcins. We have reviewed the fllkincial stalement disclosures and iesting to supwbrt documentation to assess compliance with applicable laws and ￿gUlatiOns. We have considered the risks of management override of controls. including through testing Journal entries and other adjustmcnts for appropriat¢n¢ss, and Cvalukting thc busincss r2tionkl¢ of significant transactions outsid¢ thc nonnal course of business. A further description of our responsibilitie5 for the audit of the financial Statements is 1(Kated on the FiT]ancial Reporting Council's website at www.frc.org.uklauditorsresp)nsibilities. This description forn￿ part of OUT Rep)rt of the Independent Auditors. Page 10

Report of the Independent Auditors to the Trustees of Colchester Archaeological Trust Limited Use of our report This rcport is mad¢ sol¢l}' to th¢ charitabl¢ company's trust¢¢s, as a IxKly, in ac¢ord2nc¢ with Part 4 of Ihc Charitics (Accounts and ReFK)rts) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trnstees those matters we are required to state to ihem in an auditors, report and for no other purpose. To the fullcsi cxtenl permitted by law, wc do not accept or assumc responsibility to anyonc other than the charitable company and the charitable company's trustees as a FKKiy, for our audit worK for this report or for the opinions we have fonned. for and on bchalf of Attcnboroughs (Accountants) Limitcd Statutory Auditor Eligible to act as an auditor in tern￿ of Section 1212 of the Companies Act 2006 l Toiver House Tower Cenlre Hoddesdon Hertfordshire ENI 18UR 17th December 2025 Pagell

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Statement of Financial Actiiitic5 (Incorporating an Income and Expenditure Aeeount) for the year ended 31st Lllarch 2025 3113125 Total fund5 3113124 Total funds Unrcstrictcd fund5 Rcstrictcd fiujds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 7.(rf)I 10,937 18,538 173,193 Othcr trading activitics Investment income 1.406,135 4.478 1.406,135 4,478 984,903 3,711 Total 1,418,214 10,937 1,429,151 1,161,807 EXPENDITURE ON Raising funds 1.284,226 37,627 .321,853 1.055,594 Charitable activities Management and administrative costs 109.347 109,347 204,545 Total 1,393,573 37,627 1,431,200 ,260,139 ET ILNCOME/(EXPELNDITURE) 24,641 (26,690) (2,049) (98,332) RECONCILIATION OF FUNDS Total funds brOu￿1t fonvard 1.170,304 38,966 1,209,270 1.307.602 TOTAL FUNDS CARRTED FORITr'ARD 1,194,945 12,276 1,207,221 1,209,270 The no*s fonn part of these financial statements Page 12

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Balance Sheet 31st Lllareh 2025 3113125 3113124 Notes F[X￿D ASSETS TaT]gible assets 12 504,884 499,708 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 13 14 2,198 596,985 514,266 2,198 467,357 646.167 1.113,L149 1,115,722 CREDfroRS Arnounts falling due within one year 15 (321,974) {308,0(KTr) ET CURRELNT ASSETS 791,475 807,722 TOTAL ASSETS LESS CURRENr LIABtLITIES 1,296,359 1,307,430 CREDITORS Amounts falling due after more than one year 16 (89,138) (98,160) NET ASSETS 1,207,221 1,209,270 FUNDS Unrcqtrictcd funds Restricted funds 20 1,194,945 12276 1,170,304 38,966 TOTAL FUNDS 1,207,221 1,209,270 The ch￿itable company is entitled to exemptioD from audil under Section 477 of the Companies Act 2006 for the year ended 3 1st March 2025. The members have not dew)sited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these flnancial statements. The trustees acknowledge their responsibilities for (a) ensuring ihat the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a I￿e and fair view of the state of affairs of the charitable company as at the end of each fmancial year and of its surpllls or deficit for each fll)ancial year in accordance with the rcquircmcnts of Sc¢tions 394 and 395 and which othmvisc Comply with th¢ rcquircmcnts of thc Companics Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011. The no*s fonn part of these financial statements Page 13 continued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Balancc Sheet- continued 31st Lllareh 2025 Thcsc financial stat¢mcnts hav¢ bc¢n pr¢par¢d in ac¢ordxn¢¢ with th¢ provisions applicabl¢ to charitabl¢ companics Subject to the small companies regime. The financial statcments were approved by the Board of Tnjstces and authoriscd for issuc on 17th Dcccmkr 2025 and were si￿ed on its behalf by: N P Wickenden - Trustee The no*s fonn part of these financial statements Page 14

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Cash Flow Statemcnt for the year ended 31st Illareh 2025 3113125 3113124 Notes Cash flows from operating activities Cash generated from operations Interesl paid (101,543) (8.545) 158,996 (4,978) Net cash (used in}/provided by operating aclivities (110.088) 154,018 Cash flows from investinE aetivities Purchase of tangible fixed assets Interest received (22,408) 4,478 (22,840) 3,711 Net cash used in investing activities (17,930) (19,129) Cash flows from fmancing activities Loan repayments in year (3,982) (7,525) Net cash used in financing activities (3,982) {7,525) Change in cash and cash equivalents in the reporting period Cash and cash cquii'alents at the beginning of the reporting period (132,0￿) 127,364 646,167 518,803 Cash and cash equivalents at the end of the reporting period 514,167 6,167 The notes forni part of these financial statements Page 15

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED NotLs to the Cash Flom Statement for the year ended 31st Illareh 2025 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPEIL4TING ACTIVITIES 3113125 3113124 INet expenditure for the reporting peri￿1 (a5 per the Statement of Financial Actii'ities) Adjustmcnts for: Depreciation charges Int¢rcst rc¢¢iv¢d Interest paid (Increase)Idecrease in debtors Increase/(decrea5e) in creditor5 (2.(H9) (98,332) 17,232 (4.478) 8,545 (129,628) 8,835 13,903 (3,711) 4,978 321,598 (79,440) Net cash (used 1n)Ipro￿ded by operntions {101,543) 158,996 ANALYSIS OF CASH IIND CASH EQUIVALENrs 3113125 3113124 Cash in hand Notice deposits (less than 3 months) 0￿.erdrnfts included in bank loans and overdrafts falling due within one yrar 557 513.709 {99) 557 645,610 Total c&sh and cash equivaienls 514,167 6,167 ANALYSIS OF CHANGES IN NET FUNDS At 114124 Cash flow At 3113125 Iyet cash Cash at bank and in hand Bank ovcrdrafi 646.167 (131,901) (99) 514,266 (99) 646,167 (132,(KK) ) 514,167 Debt Debts falling due within l year Debts falling due after l year (3,088) (98.160) (5,040) 9,022 (8,128) (89,138) (101,248) 3,982 (97,266) Total 544,919 (128,018) 416,901 The notes forni part of these financial statements Page 16

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Notes to thc Financial Statements for the year ended 31st Illareh 2025 ACCOUNTING POLICIES Basis of preparing the financial statelnents The financial statements of the charitable company.. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102} 'Accounting and Reporting by Charities.. Ststevnenl of Recon]mended Practice applicable to charities preparing their accounts in accordance with the Financial ReN)rting Standard appbcable in the UK and Republic of Ireland {FRS 102) (effeclive l January 2019),, Financial Rcporting Standard 102 'Th¢ Fin2ncial Rcporting Standard applicablc in th¢ UK and Rcpublic of Ireland, and the Companies Act 2006. The financial slatements have been prepared under the historical cost convention. Income All income is recognised in the Statevnent of Financial Activities once the charity has entitlement to the funds, it is probable that the income will ￿ receil'ed and the amount can be measured reliably. Income derived from Ihe rendering of services is sLqied afier trade discounts and nel of VAT. Expenditure Liabililics arc rccogniscd as cX￿ld1tUr¢ as soon as thcrc is a Icgal or ¢onstructivc obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be Tequired in settlement and the amount of the obligation can be measured reliably. Ex￿ndItUre is accounted for on an accruals basis and has been classified under headings that aggreJte all c05t related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resourLes. Allocation and apportionment of costs Thc following polici¢s arc applicd to thc rcsour¢cs cxpcndcd by th¢ charity: Costs of raising funds- expenditure directly related to the receipts of funds. Charitsble activities Other labour costs not directly related to the receipt of funds, the costs of the Trusts premises and all other costs. Tangible r￿ed assets Depreciation is provided at the following amiual rates in order to Nvrite off each over its estimated useful life. Fixlur¢s and fittings Motor vehicles 200/0 on cost 200/0 on cost Stocks Stocks are valued at the lower of cost and net realisable value. after making due all0￿.ance for obsolete and slow rnoving item5. Taxation The charity 15 exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discrelion of the trustees. Restricted fund5 can only be ￿5￿ for particular restricted pury)oses within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and PuryK￿ of vach fund is included in the notes lo the financial statements. Page 17 continued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Note5 to thc Financial StateTncnts- continued lor the year ended 31st Illareh 2025 ACCOUNTING POLICIES- continued Pension costs and other post-retirement benefits The charitable COmpa￿Y operates a defined contribution pension scheme. Contributions payable to the charitable cornpany'5 pKllbion ￿herne are chaTged to the Statement of Financial Activities in the period to which they relate. DONATIONS AND LEGACIES 3113125 3113124 Donations 18.538 173,193 OTHER TIL4DING ACTIVITIES 3113125 3113124 Fieldwork contracts Publication and miscelkneous sales Roman Circus Cafc incomc Roman Circus Centre hire 1,393,585 579 I,IK)O 10,971 971,957 4,660 1,583 6,703 1,406,135 984,903 INVESTMENT llNCOME 3113125 3113124 Deposit account interest 4,478 3,711 RAISING FUNDS Other trading aCti￿tieS 3113125 3113124 Purchases Staff costs Travel and sub51Stence Computer and website costs Roman Circus Ccntrc costs Town model costs Bernard Colbron costs Freda Nichols costs Seed Funding costs General Janct Fulford RCVC RAM 127,773 .125,233 11,449 10,478 691 142,357 887,932 5,650 8,294 264 7,393 75 317 2,352 417 293 250 161 9,293 36,676 1,321,853 1,055,594 Page 18 continued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Note5 to thc Financial StateTncnts- continued lor the year ended 31st Illareh 2025 CHARITABLE ACTIVITIES COSTS Supwrt costs (see note 7) Management and administrative costs 109,347 SUPPORT COSTS Govemance costs Management Finance Other Totals Management and a(lrninistrdtive costs 9,051 89202 7,185 109,347 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after charging/(crediting): 3113125 3113124 Auditors, remuneration Independent Examinevs fee Depreciation - owled assets 3,750 3,435 17,232 3,750 2,868 13,903 TRUSTEES, REMUNERATION AND BEIYEFITS TheTe ￿ere no tru5tees' remuneration or other benefits for the year ended 31 st MaTch 2025 nor for the year ended 31 st March 2024. Trustees, expenses Thcrc wcrc no t￿￿t¢¢$' ¢xp¢nscs paid for th¢ ycar ¢ndcd 31st March 2025 nor for th¢ ycar cndcd 31 st March 2024. io. STAFF COSTS 3113125 3113124 Wages and salaries SoLial security costs Other pensiun costs 1,014,392 90.680 20,161 870,373 76,927 17.621 1,125,233 964,921 Thc avcrage monthly number of employecs during thc ycar was as follows: 3113125 3113124 28 Archaeological activities Managemenl and administration 31 Page 19 continued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Note5 to thc Financial StateTncnts- continued lor the year ended 31st Illareh 2025 io. STAFF COSTS- continued No eTnployees received emoluments in excess of £60.(X)O. ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted fL]nds Total funds INCOLIIE AND ENDO}￿EN[S FROM Donations and l¢gacics 143,088 30.105 173,193 Other trading activities Investment income 984,903 3,711 984,903 3,711 Total .131,702 30.105 .161.807 EXPENDITURE ON Raising fimds 1,045,614 9,980 1,055,594 Charitable actiTrities Managcmcnt and administrativc costs 204.545 204,545 Total 1250.159 9,980 1260,139 NET INCOMEI(EXPENDrruRE) Transfers betTrveen funds (118,457) 10,159 20,125 (10,159) (98,332) INet movement in funds (108298) 9,966 (98,332) RECOLNCILIATIOLN OF FUNDS Total funds brought forward 1,278,602 29,000 1,307,602 TOTAL FUNDS CARRIED FORWARD 1.170.304 38.966 1.209.270 Page 20 continued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Note5 to thc Financial StateTncnts- continued lor the year ended 31st Illareh 2025 12. TANGIBLE FIXED ASSETS Fixturcs and fittings Freehold property Plant and machinery Motor vehicles Totals COST At 1st April 2024 Additions 451,140 16.7(X) 68,496 3.458 27287 18.950 563,623 22,408 At 3 1st March 2025 451,140 16.7(M) 71,954 46.237 586,031 DEPRECIATION At 1st April 2024 Charge for year 10.020 3,340 37.584 16,311 7,448 63,915 17,232 Ai 31st March 2025 13.360 44.028 23,759 81,147 NET BOOK VALUE At 3 1st March 2025 451,140 3.340 27,926 22,478 504,884 At 3 1st March 2024 451,140 6,680 30.912 10,976 499,708 Artwork at valuation included aiK)ve not depreciated 10,000 13. STOCKS 3113125 3113124 Stocks 2,198 2,198 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113125 3113124 Trade debtors Amounts rc¢ov¢r2blc on contract Other debtors Prepayments 206,703 383.458 231 6,593 199,541 267,366 450 596,985 467,357 Page21 continued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Note5 to thc Financial StateTncnts- continued lor the year ended 31st Illareh 2025 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113125 3113124 Bank loans and overdrafts (see note 17) Trade creditors Social security and other taxes VAT Oihcr cr¢ditors Accruals and defe￿ed income Accrued expenses 8,227 12.666 19,719 107281 62.832 104,874 6,375 3,088 15,842 18,519 64,054 55.678 144,444 6,375 321,974 308,000 16. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 3113125 3113124 Bank loans (see note 17) 89,138 98,160 17. LOANS An analysis of the maturity of loans is given below: 3113125 3113124 Amounts falling du¢ within onc ycar on d¢mand: Bank overdrafts Bank loans 8,128 3,088 8,227 3,088 Amounts falling between one and two yeaT5: Bank loans 14 years 36,281 26,516 Amounts falling duc in mor¢ than fiv¢ ycars: Repayable by instalments.. Bank loans rnore 5 yr by instal 52,857 71,644 18. SECURED DEBTS The following secured debis are included within creditors: 3113125 3113124 Bank loans 97,266 101,248 The bank loan is secured on the property known as Roman Circus House. The bank loan is repayable by installments by February 2038. The current interest rate is 4.35 /. Page 22 continued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Note5 to thc Financial StateTncnts- continued lor the year ended 31st Illareh 2025 19. ANALYSIS OF NET ASSETS BETWEEN FUNDS 3113125 Total funds 3113124 Total funds UT]restricted fimds Restricted funds Fixed assets Current assets CutT¢nt liabiliti¢s Long terni liabilities 504,884 1,101.074 (321,875) (89,138) 504,884 1,113,449 (321,974) (89,138) 499,708 1,115,722 (308,0(K)) (98,160) 12,375 (99) 1,194,945 12276 ,207,221 1,209,270 Unrestticte At 31 March 2020 Restricted funds Totsl fi￿d5 fimds Tangibl¢ fix¢d &sscts Current assets Current liabilities Long tcrn] liabilities 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 nrestricted funds Restricted funds Total fL]nds Tangible fixed assets Current abseis Current liabilities Long lerni liabilities Provisions for liabililics 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 23 continued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Note5 to thc Financial StateTncnts- continued lor the year ended 31st Illareh 2025 20. MOVEMENT IN FUNDS Net Tnovement in funds At 3113125 At 114124 Unrestricted fund5 General fund 1,170,304 24.641 1,194,945 Restricted funds Fr¢da Nichols Library Fund Roman Circus Centre Fund Arts Appeal Fund LIKality Budget Circus Booklet Fund Seed Funding Silver Cup Mosaic upkeep Royal Artillery Fund 1.158 (161) 613 997 613 2,000 2,800 3,833 (99) 325 1,500 307 2,8(K) 3,833 (99) 325 1,5(K) 27,350 (27,IH3) 38,966 {26,690) 12,276 TOTAL FUNDS 1,209,270 (2,049) 1,207,221 Net movement in funds, included in the alx)ve are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 1,418,214 {1,393.573) 24,￿1 Restricted funds Freda Nichols Library Fund Roman Circus Centre Fund Seed Funding Royal Artill¢ry Fund (161) (691) {99) (36,676) (161) 613 (99) (27,043) 1,304 9.633 10.937 {37,627) (26,690) TOTAL FUNDS 1,429.151 (1,431,200) (2,tk19) Page 24 continued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Note5 to thc Financial StateTncnts- continued lor the year ended 31st Illareh 2025 20. MOVEMENT IN FUNDS- continued Comparatives for movement in fund5 Net movement fimds Transfers between funds At 3113124 At 114123 Unrestricted funds Gcncral fund 1278.602 (118.457} 10.159 1,170.304 Restricted funds Freda Nichols Library Fund Roman Circus Centre Fund Bernard Colbron Memorial Fund Arts Appeal Fund Circus Centre Fund LIKality Budgct Town Model Fund Circus Booklet Fund Heritage Lottery Emgerency Fund RCC Gardening Seed Funding RCVC M(Jdel RooTn CBC Grants Janet Fulford Bequest Silver Cup Mosaic upkeep Royal Artillcry Fund ,233 193 4,846 2,(K)O 3.316 2.800 528 3.833 3,255 2,145 1,084 419 438 2.910 (75} 1,158 (193) 1,867 (6.713) 2,000 {971} (2.345) 2.800 {264} (264) 3,833 (3,255 } (2,145) (767) (126) (438) (2.493) {317} (293) (417} 325 1,5(K) 27,350 325 1,500 27,350 29,0(X) 20,125 {10,159) 38,966 TOTAL FUNDS IJ07,602 (98,332) 1,209,270 Page 25 continued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Note5 to thc Financial StateTncnts- continued lor the year ended 31st Illareh 2025 20. MOVEMENT IN FUNDS- continued CoTnpaTative net moveTnent in fimds. included in the al)ove are as follow5: Incoming resources Resources expended Movement in funds Unrestricted funds General fund ,131,702 (1,250,159) (118,457) Restricted funds Freda Nichols Library Fund Bernard Colbron Memorial Fund Circus Centre Fund Town Model Fund Seed Funding RCVC Model Room Janet Fulford Bequest Silver Cup Mosaic upkeep Royal Artillcry Fund (75) (7,393 } (971) (26A) (317) (293) (417) (75) (6,713) (971) (2EA) (317) (293) (417) 325 1,500 27,350 680 325 1,5(K) 27.600 (250) 30.105 {9,980) 20,125 TOTAL FUNDS 1,161.807 (1,260,139) (98.332) Page 26 continued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Note5 to thc Financial StateTncnts- continued lor the year ended 31st Illareh 2025 20. MOVEMENT IN FUNDS- continued A current year 12 month5 and prior yfJr 12 months combined position is as follows.. Nel movement in fimds Transfe between funds At 3113125 At 114123 Unrestricted funds General fund 1278.602 {93.816} 10.159 1,194,945 Restricted funds Freda Nichols Library Fund Roman Circus Centre Fund Bernard Colbron Memorial Fund Arts Appeal Fund Circus Centre Fund LIKality Budget Town Model Fund Circus Booklet Fund Hcrilagc Lottcry Emgcrcncy Fund RCC Gardening Seed Funding RCVC M(Klel R￿M CBC Grants Janet Fulford Bequest Silvcr Cup Mosaic upkeep Royal Artillery Fund 1,233 193 4.846 2,(K)O 3,316 2.800 528 3,833 3,255 2,145 1.084 419 438 2.910 (236) 613 (6,713} 997 613 (193} 1,867 2.000 {971) (2.345) 2,800 (264) (264} 3,833 (3.255) (2,145) (767) (126) (438) (2.493) {416} {293} (99) (417) 325 1.5(X) 307 325 1,500 307 29,0(Ki (6,565) (10,159) 12,276 TOTAL FUNDS IJ07,602 (l(K),381) 1,207,221 Page 27 continued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Note5 to thc Financial StateTncnts- continued lor the year ended 31st Illareh 2025 20. MOVEMENT IN FUNDS- continued A current year 12 Tnonths aT]d prior year 12 months combined net movement in fund5, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 2,549,916 {2.fv13.732) (93,816) Restricted funds Freda Nichols Library Fund Roman Circus Centre Fund Bernard Colbron Memorial Fund Circus Centre Fund Town Model Fund Seed Funding RCVC Model Room Janet Fulford Bequest SilN'cr Cup Mosaic upkeep Royal Artillery Fund (236) (691) (7,393) (971) (264) (416) (293) (417) (236) 613 (6,713) (971) (264) (416) (293) (417) 325 1,500 307 1,304 680 325 1,5(X) 37233 (36,926) 41,042 (47,607) (6,565) TOTAL FUNDS 2,590.958 (2,691,339) {100,381) 21. RELATED PARTY DISCLOSURES There weTe no related party transartions for the year ended 31 st March 2025. 22. DEFERRED INCOME Income of £104,875 (2024: £144,444) has been deferred. The deferred income relates to the writing of a Report that is ongoing. 23. PURPOSES OF FUNDS General Fund The general fimd is unrestrithed and holds accumulated surpluses for future charitable activities. Art Fund The restricted fund consists of fund5 donated for the purchase of art for the visitors centre. Circus Booklet Fund The restricted fund is for the c￿ation of a b(K)klet about the visitor centre. Freda Nichols Library Fund Page 28 continued...

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Note5 to thc Financial StateTncnts- continued lor the year ended 31st Illareh 2025 23. PURPOSES OF FUNDS- continued The restricted fund consists of funds from the FTeda Nicho15 Estate which exists to establish a resource library for the TrLLSt. lA￿alIty Budgct Th¢ r¢strict¢d fund is from local councillor donations towards improving th¢ ¢¢ntr¢ signag¢ and th¢ strcct signag¢ for the centre. Page 29

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Detai]cd Statcment of Financial Actii'itiL lor the year ended 31st Illareh 2025 3113125 3113124 INCOME AND ENDOWVIENTS Donation$ and legacies Donations 18,538 173,193 Other trading aclivities Fieldwork contracts Publication and misccliancous salcs Roman Circus Cafe income Roman Circus Centre hire 1.393,585 579 1,000 10,971 971,957 4,660 1,583 6,703 1,406,135 984,903 InV￿tment income Deposit accouni interest 4,478 3,711 Total incoming resources 1,429,151 1,161,807 EXPENDITURE Other trading actiTrities Costs of fieldwork and publications Cafe running costs Wages Social security Pensions Travcl and subsistencc Computer and website costs Roman Circus Centre costs Town model costs Bemard Colbron costs Freda Nichols costs Sccd Funding costs General Janet Fulford RCVC RAM 127,756 17 1.014,392 ),680 20,161 11,449 10,478 691 141,937 420 800,352 70,881 16,699 5,650 8,294 2fv1 7,393 75 317 2,352 417 293 250 161 99 9,293 36,676 1,321,853 1,055,594 Support eosts Management Wages Social security Pensions Extcmal Training and welfare 70,021 6,046 922 6,738 3,909 3,909 83,727 This page does not fomi part of the statutory financial statements Page 30

COLCHESTER ARCHAEOLOGICAL TRUST LIMITED Detai]cd Statcment of Financial Actii'itiL lor the year ended 31st Illareh 2025 3113125 3113124 Management Finance Bank charges Mortgage 506 8.545 369 4,978 9,051 5,347 Other Ratcs and wat¢r Insurance Light and heat 3.050 11,077 14,607 1,984 9,253 14,817 k li Telephone Postage and stationery Sundries Subscriptions Premises repairs and renewals Plant and machinery Fixtures and fittings Motor vehicles 3,796 2,860 3,182 7.193 26205 3,340 3,156 2,390 5,1)08 9,514 48,828 3,340 6,9)5 3,658 7,448 89202 108,853 Governanee costs Auditors, remuneration Auditors, remuneration for non audit work 3,750 3,435 3,750 2,868 7,185 6,618 Total Te50urces expended 1,431,200 1,260,139 Net expendithre (2,049) {98,332) This page does not fomi part of the statutory financial statements Page31