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|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|
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||||||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|$91,236|(555011)|
|Total funds carried forward||188,671|(76,027)|112,644|(276,592)|
##
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||||||||||As resisted|
|---|---|---|---|---|---|---|---|---|---|
||||||||2022||2021|
||||||Note||5|||
|Fixed assels||||||||||
|Tangible assets|||||12||542lt$||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)|
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|||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|
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|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|
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||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|$41,134|187,491|
|Total 2021|48,994|140,497|'187,491||
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||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2022|2022|2022|2021|
||8|8|8||
|SupportCasts||30,568|30488|42,996|
|Direct Casts|235,670|298,049|533,719|560,265|
||235.670|328,617|564,287|603,261|
|Total 2021|399,721|203,540|603,261||
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||Activities||||
|---|---|---|---|---|
||undertaken|Support|Total|Total|
||dlmctly|costs|funds|funds|
||2022|2022|2022|2021|
||8|6|6||
|Support Costs|||30,568|42,996|
|Direct Costs|533,719||53$,719|560,265|
||533,719|30,568|864,287|603,261|
|Total 2021|560,265|42,996|603,261||
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||||||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||
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||||||||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|
##
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|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|
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|||||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|stated|355,822|
|---|---|---|---|---|
|Reversal|ofpension
provision|||270,788|
|Inclusion|of FRS 102pension|liability||(915,000)|
|Resenres|as restated|||(278,592)|
##
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||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|
##
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##
|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|||||
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|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|
##
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|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|
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