2022-03-31-accounts - The Clwyd-Powys Archaeological Trust

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					Page
Reference snd administrative		details ofthe Charitable	Company,	its Trustees and
advisers
Trustees' report					2-9
Independent examiner's	report				10-11
Statement offinancial activities					12
Balance sheet					13-14
Statement ofcash flows					15
Notes tothe financial statements					16-35

					Asresisted
		Restdcted	Unrestricted	Total	Total
		funds	funds	funds	funds
	Note	2022 6	2022 6	2022 6	2021f
income from:
Donations and legacies	4	317,209	26	317,235	454,506
Other trading activities	5	29472	311,562	341,134	187,491
Investments	5		154	1S4	315
Total income		346,781	311,742	658,523	552,4'l4
Expenditure on:
Charitable activities	7	236,670	328,617	564,287	503,261
Total expenditure		236,670	328,617	564,287	S03,251
Net incomel(expenditure)		111,111	(16,875)	94438	49,153
Transfers between funds	15	(8,143)	8,143
Net movement in funds before other
recognised gains/(losses)		102,968	(8,732)	94,236	49,153
Other recognised gainsl(losses):
Actuarial gains on defined benefit pension schemes			297,000	297,000
Otherlosses					(515,154)
Net movement in funds		102,968	266,266	391,236	(555,011)
Reconciliation offunds:
Total funds brought forward		85,703	(364,295)	(27S,592)	267,419
Net movement in funds		102,968	288,268	$91,236	(555011)
Total funds carried forward		188,671	(76,027)	112,644	(276,592)

									As resisted
							2022		2021
					Note		5
Fixed assels
Tangible assets					12		542lt$		82,857
							54,$1$		62,657
Current assets
Debtors					13	126,77$		89,831
Cash at bank and	in	hand				56$,7$7		588,827
						716,578		858,458
Creditors: amounts		falling due within one
year					14	(582151)		(84,707i
Nst cunsnt assets							667,725		573,751
Total assets less	current liabilides						712,644		836,408
Net assets excluding			pension	liability			712,644		836,408
Defined benefit pension			scheme	liability	22		(600,000)		(915,000)
Total net asssfs							112,644		(278,592)

				As restated
			2022	2021
		Note	8	8
Charity funds
Restricted funds		16	188,671	55.703
Unrestricted	funds	18	(76,027)	(364,295)
Total funds			112,644	(278,592)

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2022	2022	2022	2021
		5	2	2
Donations			26
Grants					9,883
Government	grants	317,209		317409	454,725
		317,209	26	317~5	484,608
Total 2021		442,827	21,781	484,608
					Page 'l9

Government f	unded grants
		2022	2021
Cadw Grants		323/76	317,164
Local Authonty	Grants	6,000	111,380
Natural Resource Wales Grants		4,400	4.400
Job Retendcn	Scheme Grants		21,781
		3$3,876	454,725

	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2022 f	2022 6	2022 8	2021 8
Contract awards	29,572	311,146	340,718	179,035
Sales 8fundraising		416	416	148
Glastir				8,310
	29,572	311,552	$41,134	187,491
Total 2021	48,994	140,497	'187,491

	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2022	2022	2022	2021
	8	8	8
SupportCasts		30,568	30488	42,996
Direct Casts	235,670	298,049	533,719	560,265
	235.670	328,617	564,287	603,261
Total 2021	399,721	203,540	603,261

	Activities
	undertaken	Support	Total	Total
	dlmctly	costs	funds	funds
	2022	2022	2022	2021
	8	6	6
Support Costs			30,568	42,996
Direct Costs	533,719		53$,719	560,265
	533,719	30,568	864,287	603,261
Total 2021	560,265	42,996	603,261

					Total	Total
				Direct Costs	funds	funds
				2022	2022	2021
					E
Staffcosts				448,251	448,251	464,089
Fieldwork consumsbies				2,578	2,578	11,633
Archaeology specialist fees				9,775	9,775	6,618
Archaeology excavation			fess	4,335	4,885	4,600
Travel costs				6,097	6&097	6,743
Subsistence				1,668	1,666
Office equipment	snd	consumsbles		2,834	22I34	2,834
Fees &membership				13,448	14416	12.302
Outreach equipment		and consumabies		2,871	2471	5,385
Translation				5,805	5,805	5,484
Library				67	67	19S
Archaeology equipment			hire	5,477	5+77	2,676
Copy charges				479	479	27T
Office consumables				835	835	T43
Insurance				5,042	' 5,042	2260
Recruitment expenses				350	350	175
Postage, carriage	snd communication			5,837	52I37	2,815
Staff clolhing				635	636	456
IT support fees				12,267	12,267	16,62T
Donations				91B	916	28
Unloved heritage	consumables					3,527
CRF expenditure				4,156	4,156	10,565
				533,719	533,719	560,265
Torsi 2021				560,265	560,265

							Support	Total	Total
							Costs	funds	funds
							2022	2022	2021
							6	6
	Rent &rates						10,707	10,707	17,180
	Cleaning and	other					1,898	1,898
	Bank charges						599	699	608
	Bad debts								13,655
	Governance	costs					17,3S4	17484	11,552
							30,568	30,S68	42,995
	Total 2021						42895	42,995
S.	Independent	examiner's	remuneration
								2022	2021
								6
	Fees payable independent	to the Charitable examination ofthe		Company's Charitable		Independent Company's	examiner for the annual accounts	2,895	2575
10.	Staff costs
								2022	2021
								6
	Wages and salaries							382,107	351,527
	Social security costs							31,543	29,500
	Contribution	to defined contribution			pension	schemes		16&996	26,739
	Operating cosis ofdefined		benefit		pension	schemes		17&605	56,323
								448,251	464,069

Tangible fixed	assets
		Freehold		Plant and	Motor	Fixtures	Office
		properly	f	machinery 5	vehicles 5	and fittings 5	equipment 5	Total f.
Cost or valuation
At 1 April 2021		38,000		28,658	19,249	2,830	125,325	210,871
Additions				132		138	2,348	2,816
Disposals				(1,694)			(98,898)	(100,592)
At 3'I Match 2022		38,000		27496	19,249	2,77T	31,773	118,895
Depreciation
At 1 April 2021				26,417	13,388	232	114,177	154,214
Charge for the	year			426	2,613	208	7,206	10,653
On disposals				(1,694)			(99,197)	(100,891)
At 31 March 2022				25,149	16,201	440	22,186	63,976
Net book value
At 31 March 2022		S8,000		1,947	3,048	2,337	9,587	54,919
At31t)(arch 2021		38,000		2241	5,601	2407	14,'t48	52,557
Debtors
							2022	2021
							6
Due within one year
Trade debtors							125,091	85,508
Prepayments	and accrued income						1,888	2033
							126,779	89,83I

				2021
				5
Trade cmditors			19,310	1'7,557
Other tmmtion	and social security		28,008	51,983
Accruals and defermd		Income	11,532	15,157
			583I61	84,707

Reserves	at31.03.2021 as previously	at31.03.2021 as previously	355,822
Reversal	ofpension provision		270,788
Inclusion	of FRS 102pension	liability	(915,000)
Resenres	as restated		(278,592)

	Balance at 1						Balance at
	April 2021				Transfers	Qainsl	31March
	as restated 6	Income 6	Expenditure	6	inlout 8	(Losses) 6	2022 5
Unrestr/cted
funds
GenerslFunds	SSO,TOS	311,742	(346,61T)		8,143		523,973
Pension ressnre	gl15,000)		18,000			297,000	(600,000)
	(384,295)	311,742	(328,$17)		8,143	297,000	(78,027)
Restricted
funds
CBA Bursary	3,504						3,504
Csdw Grant Aid	1,389	$06,809	(231,831)				76,367
Csdw Beacon
Ring	2,757						2,757
Natural
Resources
Wales Grant	12,661						17,081
RVBFoundation
Research Grant	14,340						14,$40
NGO	8,143				(8,143)
Olher Local
Authorities
Gmnls	42,889	35,572	(3,839)				74,822
	85,703346,781		(235,670)		(8,143)		188,871
Total offunds	(278,592)	658,523	(564,287)			297,000	112,644

Statement offun	ds - prior year
					As restated	Balance et
	Balance at		As restated	Transfem	Gains'	31triarch
	1Apni 2020f	income	Expenditure	infout f	(Losses) f	2021 f
Unrestricted
funds
General Funds	527,329	201,277	(181,540)	3,639		550,705
Pension reserve	(277,838)		(22,000)		(615,164)	(915,000)
	249,493	201,277	(203,540)	3,839	(815,184)	(384,295)
Restricted
funds
CBA Bursary	3,504					3,504
Cadw Grant Aid	2950	317,164	(318,725)			1,389
Cadw Beacon
Ring	2,T57					2, T57
Natural
Resources
Wales Grant		4,400	(8,663)			12,881
Natural Museum
Wales Grant		558	(558)
RVB Foundation
Research Grant	14,340					14,340
Glaslir	(2,569)	8,310	(2,102)	(3,839)
NGO		9,325	(1,182)			6,143
Other Local
Authorities
Grants		111,380	(68,491)			42889
	37,926	451,137	(399,T21)	(3,639)		85,703
Total offunds	287,419	652,414	(803,261)		(6t5.ISIJ	l2T8 5&2j

Analysis ofnet assets between funds - current	year
	Reslrlcted	Unrestricted	Total
	funds	funds	funds
	2022	2022	2022
	8	6
Tangible fixed assets		54,919	54,919
Current assets	188,671	527,905	716,576
Creditors due within one year		(58,851)	(58,851)
Provisions for liabilities and charges		(600,000)	(800,000)
Total	188,671	(7LD27i	1'l2,N4

Analysis		ofn	et assels between funds - prior ye	ar - restated
				Reslrtcted	tfnreslrkted	Total
				funds	funds	funds
				2021 f	2021	2021
Tangible	fixed		assets		62,657	62,657
Cunent	assets			85,703	572,755	658,458
Creditors		due	within one year		(84,707)	(64,7071
Provisions		for	fiabfiltles snd charges		(915,000)	(915,000)
Total				85,703	(364,295)	(278,592)

18.	Reconciliation ofnet movement	Reconciliation ofnet movement	In funds to net cash flow from operating	activities
				2022	2021
				6
	Net income for the year (as per Statement of Financial Activities)			94,236	49,153
	Adjustments for:
	Depreciation charges			10,354	8,SST
	Decreasel{incresse) in	debtors		(36,948)	107,967
	Increase/(decrease) in	creditors		(25,858)	13,513
	Defined benefit pension	cost		(18,000)	22,000
	Net cash provided by	operating	activities	23786	201,320
18.	Analysis ofcash snd	cash equivalents
				2022	202'I
				6
	Cash in hand			589,797	568,627
	Total cash and cash equivalents			589,797	558,627
20.	Analysis ofchanges	in net debt
			At 1 April		At 31 March
			2021	Cash flows	2022
				6	6
	Cash at bank snd in hand		588,627	21,170	589,797
			568,627	21,170	589,797
21.	Contingent Sabillties

Prindpsl actuarial	assumption	s at the B	alance sheet date (exp	mssed as weighted averages	):
				At 31 Mamh	At31March
				2022	2021
Discount rate				2.7	2.00
RPI price infiation				3.7	3.3
CPI price inflation				3	2.6
Rate ofincrease	in pensions	in payment	(LP15)	3A	3.2

	At 31 March	At31Msmh
	2022	2021
	Years	Years
Mortafity rates (in years)
-fora male aged 65 now	22	21.9
-at65for a male aged 45 now	2393	23.2
-fors female aged 65 now	24.3	24.3
-at65fora female aged 45 naw	25.8	25.7

Sensitivity analysis
		At31INarch	Af31rlfarch
		2022 5	2021 f
Discount rate -0.1%		63,000	72,000
Mortality assumption	-1year increase	153,000	183,000
CPI rate 4).1%		l21,MO)	(35,M03

The Charitable Company's share ofthe assets in the	scheme was:
	At 31 March	At 31March
	2022	2021
	8
Equities	1,250,000	'r,730,000
Corporate bonds	686,000	728,000
Cash and other liquid assets	288,000	228,000
Alternatives	873,000	423,000
Total fair value ofassets	$,107,000	3,f00.000

The amounts r	ecognised in	the Statement of Financial Activities are as follo	ws:
				2021
Current ssndcs	cost		17,605
Interest cost			18,000	22,000
Administrative	expenses		7,000
Total amount	recognised	in the Statement ofFinancial Activities	42,605	22,000