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##
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##
##
||||for the|year|ended 31March|2022|||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||Unrestricted|Restricted|Total|Total|
||||Notes||fund|funds|fundsf|funds|
|INCOME AND ENDOWMENTS||FROM|||||||
|Donations
and legacies|||||55||55|10,000|
|Charitable
activities|||||||||
||||||593,454|407,395|1,000,849|722,891|
|Investment
income
Other income|||||434
~1237||434
~1237|659
~30719|
|Total|||||~595 180|~407395|~1002575|~764269|
|EXPENDITURE ON|||||||||
|Charitable
activities|||||||||
||||||485,953|407,395|893,348|753,167|
|NET INCOME|||||109,227||109,227|11,102|
|Transfers betweea funds||||15|~10000|~10000|||
|Other recognised gains/(tosses)|||||||||
|Defined benefit scheme transition
Actuarial
gains on defined benefit||adjustment
schemes|||~256000||~256000|(753,846)
~210000|
|Net movement
in fends|||||355227|10,000|365,227|(532,744)|
|RECONCILIATION|OF FUNDS||||||||
|Total funds brought forward|||||66,377||66,377|599,121|
|TOTAL FUNDS CARRIED FORWARD|||||~421 604|10000|~431 604|~66 77|
##
||A company li|mited by guarantee||||
|---|---|---|---|---|---|
||Statemeat|ofFiaancial Posifioa||||
||31|March 2022||||
|||||2022|2021|
|||Unrestricted|Restricted|Total|Total|
||Notes|fund|funds|fundsf|funds|
|FIXEDASSETS||||||
|Tangible assets|12|298,267||298,267|306,876|
|CURRENT ASSETS||||||
|Debtors
Cash at bank and in hand|13|178,618
~520657|~10000|178,618
~530657|188,910
~399610|
|||699,275|10,000|709375|588,520|
|CREDITORS||||||
|Amounts
falling due within one year|14|(59,938)||(59,938)|(44,019)|
|NET CURRENT ASSETS||~639337|~10000|~649337|~544 501|
|TOTAL ASSETSLESSCURRENT|LIABILITIES|937,604|10,000|947,604|851,377|
|PENSION LIABILITY|16|(516,000)||(516,000)|(785,000)|
|NET ASSETS/(LIABILITIES)||421,604|~10000|~431 604|66,377|
|FUNDS|15|||||
|Unrestricted
funds
Restricted funds||||421,604
~10000|66,377|
|TOTAI FUNDS||||~431 604||
##
|||||A company limited by guarante|e||
|---|---|---|---|---|---|---|
|||||Statement ofCash Flows|||
|||||for the year ended 31March|2022||
||||||2022|2021|
|||||Notes|||
|Cash flows from operating||activities|||||
|Cash generated
&om operations
Interest paid|||||131,931
~28|(6,122)
~696|
|Net cash pmvided by/(used||in) operating activities|||~131 03|6818|
|Cash flows from investiag||activities|||||
|Purchase oftangible fixed|assets||||(590)|(5,659)|
|Sale oftangible fixed assets||||||219|
|Interest received|||||434|659|
|Net cash used in investing|activities||||~156)|~4781)|
|Change in cash and cash
reporting
period|equivalents||in tbe||131,047|(11,599)|
|Cash and cash equivalents
the reporting period||at the beginning||of|~399610|~411209|
|Cash and cash equivalents||at the ead|ofthe||||
|reporting
period|||||~530657|~399610|
##
|Gwynedd
Archaeological
Trust Ltd
A company gmited by guarantee
Notes totbe Statement ofCash Flows
for the year ended 31March 2022|Gwynedd
Archaeological
Trust Ltd
A company gmited by guarantee
Notes totbe Statement ofCash Flows
for the year ended 31March 2022|Gwynedd
Archaeological
Trust Ltd
A company gmited by guarantee
Notes totbe Statement ofCash Flows
for the year ended 31March 2022|Gwynedd
Archaeological
Trust Ltd
A company gmited by guarantee
Notes totbe Statement ofCash Flows
for the year ended 31March 2022|||
|---|---|---|---|---|---|
|RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM OPERATING||||ACTIVITIES||
|||||2022|2021|
|||||6||
|Net income|for the|reporting|period (asper the Statement ofFinancial|||
|Acflvities)||||109,227|11,102|
|Adjustments|for:|||||
|Depreciation|charges|||9,199|11,426|
|Pmflt on disposal offlxed assets|||||(73)|
|Interest received||||(434)|(659)|
|Interest paid||||728|696|
|Decrease/(increase)||in debtors||10,292|(51,466)|
|Increase in creditors||||15,919|7,852|
|Difference between||pension charge and cash contributions||~13 000|~15000|
|Net cash provided||by/(used|ia) operations|~131 931|6 122|
|ANALYSIS|OF CHANGES||IN NET FUNDS|||
||||At 1.4.21
6|Cash flow
f,|At31.322f|
|Net cash||||||
|Cash at bank|and in|hend|~399610|131047|~530657|
||||399610|~131047|~530657|
|Total|||399,610|~131 047|530,657|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Gwynedd
Archaeological
Trust Ltd
A company limited by guarantee|Gwynedd
Archaeological
Trust Ltd
A company limited by guarantee|Gwynedd
Archaeological
Trust Ltd
A company limited by guarantee|||
|---|---|---|---|---|---|---|---|---|
|||||Notes to the Financial Statements - contiaued|||||
|||||for the year|ended 31March|2022|||
|5.|INCOME FROM CHARITABLE ACTIVITIES||||||||
|||||Activity|||2022|2021f|
||Grants &om Csdw||||||||
||||||||378,478|320,364|
||Other grants||||||30,000|67,059|
||Private archaeological|pmj acts|||||591,192|334,214|
||Subscriptions/friends|income|||||~1179|~1254|
||||||||~1,000849|~722 891|
|6.|CHARITABLE ACTIVITIES COSTS||||||||
||||||||Support||
|||||||Direct|costs (see||
|||||||Costs|note 7)|Totalsf|
|||||||707,438|~185 910|~893 348|
|7,|SUPPORT COSTS||||||||
||||||||Governance||
||||||Management||costs|Totals|
||||||||8||
||||||~159 654|~1973|24
83|~185 910|
|8.|NET INCOME/(EXPENDITURE)||||||||
||Net income/(expenditure)||isstated|after charging/(crediting):|||||
||||||||2022|2021|
||||||||6|6|
||Auditors'
remuneration||||||5,860|5,475|
||Depreciation - owned assets
Other operating leases
Surplus on disposal offixed assets||||||9,199
3,985|11,427
3,190
~3|
##
##
##
##
|STAFFCOSTS||||||
|---|---|---|---|---|---|
|||||2022
6|2021f|
|Wages and salaries
Social security costs||||575,446
47304|472,141
34,709|
|Other pension costs||||55304|~15537|
|||||~678 054|522,387|
|The average monthly
number ofemployees||during the year was as follows:||||
|||||2022|2021|
|Chief Executive||||1|1|
|Heritage management||||6|6|
|Archaeologicsl
pmjects||||11|11|
|Administration
and support||||2|2|
|||||20|20|
|No employees
received emoluments|in excess off60,000.|||||
|COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES||||||
|||Unrestricted||Restricted|Total|
|||fund||fund|funds|
|INCOME AND ENDOWMENTS|FROM|||||
|Donations
and legacies||10,000|||10,000|
|Charitable
activities||||||
|||343,828||379,063|722,891|
|Investment
income|||659||659|
|Other income||~30|719||~30 719|
|Total||~385|206|~379063|764269|
|EXPENDITURE ON||||||
|Charitable
activities||||||
|||329,901||423466|753,167|
|NET INCOME/(EXPENDITURE)||55,305||(44303)|11,102|
|Other recogaised gains/(tosses)||||||
|Defined benefit scheme transition
adjustment||(753,846)|||(753,846)|
|Actuarial
gains on defined benefit schemes||~210|000||~210000|
|Net movement
in funds||(488,541)||(44403)|(532,744)|
##
||for tbe year ended 31Mar|for tbe year ended 31Mar|ch 2022|||
|---|---|---|---|---|---|
||COMPARATIVES FORTHE STATEMENT OFFINANCIAL||AC~S -continued|||
||||Unrestricted|Restricted|Total|
||||fund
I|fend
f.|fundsI|
||RECONCILIATION OFFUNDS|||||
||Total funds brought forward||554,918|44203|599,121|
||TOTAL FUNDS CARRIED FORWARD||~66 377||~66 377|
|12.|TANGIBLE FIXEDASSETS|||||
|||Freehold||Motor||
|||pmpcttyI|Equipmentf|vehicles|Totals|
||COST|||||
||At 1 April 2021
Additions|350,000|133,974
590|20,941|504,915
590|
||At 31March 2022|~350000|~134564|~20941|~505 505|
||DEPRECIATION|||||
||At 1 April 2021
Charge for year|52,603
~2000|124,495
7 199|20,941|198,039
~9199|
||At 31March 2022|~54 603|~131694|20941|~207238|
||NET BOOKVALUE|||||
||At 31March 2022|295397|~2870||~298267|
||At 31March 2021|~297 397|~9479||~306876|
##
|DEBTORS:|AMOUNTS FALLING DUE WITHIN ONE Y|EAR||
|---|---|---|---|
|||2022|2021f|
|Trade debtors||104,325|116,501|
|Other debtors
Prcpayments|snd accrued income|67,931
6362|66,041
~6368|
|||~178 618|~188 910|
##
##
##
##
|CREDITORS|: AMOUNTS|FA|LLING DU|E WITHIN ONE YEA|R|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|Trade creditors||||||15,121|11,794|
|Soaal scantly|and other taxes|||||3,036||
|VAT||||||33,367|20313|
|Other creditors||||||3,314||
|Accrusls and defared income||||||5 100|~11912|
|||||||~59 938|~44019|
|MOVEMENT|IN FUNDS|||||||
||||||Net|Transfers||
||||||mcvemeut|between||
|||||At 1.4.21f|in fundsf|fimdsf|At31.3.22f|
|Unrestricted
fuads||||||||
|General fund||||66377|365,227|(10,000)|421,604|
|Restricted funds||||||||
|TA Roberts legacy||||||10,000|10,000|
|TOTAL FUNDS||||~66 377|~365 227||~431604|
|Nct movement|in funds, included||in the above|sre as follows:||||
|||||Incoming|Resources|Gains snd|Movement|
|||||resources|expended
f|losses
f|in fundsf|
|Unrestricted
funds||||||||
|General fund||||595,180|(485,953)|256,000|365,227|
|Restricted funds||||||||
|Restricted fund||||407,395|(407,395)|||
|TOTAL FUNDS||||~1002575|~93 48|~256000|~365
7|
|Comparatives|for movement|in|funds|||||
|||||||Net||
|||||||movement||
||||||At 1.4.20|in fundsf|At31.321
f|
|Unrestricted
I'unde||||||||
|General fund|||||554,918|(488,541)|66,377|
|Restricted funds||||||||
|Restricted fund|||||44,203|(44303)||
|TOTAL FUNDS|||||~599121|532744|~66377|
##
|Comparative
net movement
in funds,|mcluded
in the above are as follow|s:|s:||||
|---|---|---|---|---|---|---|
||Incoming|Resources||Gains and||Movement|
||ICSOtlfCCSf||expended||losses
f|in fundsf|
|Unrestricted
funds|||||||
|General fund|385406||(329,901)||(543,846)|(488,541)|
|Restricted funds|||||||
|Restricted fund|379,063||(423,266)|||(44,203)|
|TOTAL FUNDS|~764 269||~753 167)||~543 846|~532 744|
|Acunent year 12months and prior year 12months combined position is as|||follows:||||
||||Net||Tnmsfers||
|||movement|||between||
||At 1.4.20
f||in funds
f,||funds
f|At31.3.22
f|
|Unrestricted
funds|||||||
|General fund|554,918||(123,314)||(10,000)|421,604|
|Restricted funds|||||||
|Restricted 6snd
TARoberts legacy|44403||(44,203)||~10000|~10000|
||~44 203||~44203||~10000|~10000|
|TOTAL FUNDS|~599 121||~167517)||-|~431 604|
|Acurrent year 12months and prior year 12months combined net movement|||in fimds, included||in the above|are as follows:|
||Incoming|Resources||Gains and||Movement|
||fcsoulccsf||expendedf||losses
f|in fimdsf|
|Unresttfcted
funds|||||||
|General fund|980,386||(815,854)||(287,846)|(123,314)|
|Restricted funds|||||||
|Restricted fund|786,458||(830,661)|||(44,203)|
|TOTAL FUNDS|~1766844|~1515)||~287846)||~167 51|
##
##
|Value ofassets|||12,900,000|
|---|---|---|---|
|Active members||||
|Members with presenred benefits||7,000,000||
|Pensioners paid fiom|the fund|8,800,000||
|Insured pensioners||1,600,000||
|Guaranteed
Minimum|Pensions (GMP) equelisations|I0D0||
||||17100IIDII|
|Deficit|||4,600,000|
##
##
||||2022|2021|
|---|---|---|---|---|
|Amounts
recognised in the Statement ofFinancial Activities|||||
|Fast service cost||||17,000|
|Non investment
expeases|||11,000|17,000|
|Expected mturn on plan assets|||(53,000)|(47,000)|
|Interest cost
Total charged to charitable
expenditure|||68 ODD
60 MO
26000~55 M||
||||2022|2021|
|Amounts
taken to other comprehensive|income||f|f|
|Return on assets excluding
amounts
included in net interest
Actuarial
changes related to obligations|||(20,000)
397,000
276010~18 MO||
|Actuarial gain/(loss) recogaised in other|gains/(losses)||256MO|210MD|
|Total recognised
in other gains/losses|||256,000|210,000|
|The amounts
included
in the balance sheet arising &om the company's||obligations|in respect ofdefined benefit plans are||
|follows:|||||
||||2022|2021
f|
|Present value ofdefined benefit obligations
Fair value ofplan assets|||(3,189,000)
2673000|(3,452,000)
266700D|
|Deficit in scheme|||~516MD|~78
DOD|
||||2022|2021|
|Movements
in the present value ofdefined benefit obligations|||f|f|
|Opening defined benefit obligation
Past service cost|||3,452,000|3,246,000
17,000|
|Interest cost
Actuarial losses/(gains)
Benefits paid|||68,000
(276,000)
~550M|68,000
187,000
~66 MD|
||||3 180000|~352000|
||||2022|2021|
|Movements
in the fair value ofplan assets|||f|f|
|Opening fair value ofscheme assets
Contributions
by employer
Non investment
expenses|||2,667,000
39,000
(11,000)|2,266,000
40,000
(17,000)|
|Expected return
Actuarial gains/fiosses)
Beaefits paid|||53,000
47,000
(20,000)
397,000
~55100~66M||
||||~6730M ~2667 M||
##
##
||||2022|2021|
|---|---|---|---|---|
|Composition|ofplan|assets:||f|
|Equities
Bonds|||1,017,000
559,000|1,393,000
586,000|
|Alternatives|||710,000|341,000|
|Annuities|||144,000|164,000|
|Cash|||243 000|183000|
||||2673000|26670DD|
|Principal actuarial|assumptions
atth|e Statement ofFinancial|Position date (expressed|as weighte|d averages):||
|---|---|---|---|---|---|---|
|||||2022||2021|
|Discount rate||||2.70%||2.00'/o|
|Price inflation (Rpf)
Price inflation (Cpl)
Deferred revaluation||||3.70%
3.00%
3.00'/o||3.30%
2.60'/o
2.60%|
|Pension increases|- RPI up to5%|||3.50%||3.20%|
|Mortality - pre retirement||||Nil||Nil|
||||S3PA tables based oayear||83PA tables based onyear||
||||ofbirth, allowingfor
CMI||ofbirth, sllowingfor
CMI||
||||2021impmvements
with||2020impmvements
with||
||||a1.25%pa long|termtread|a1.25'/o pa long|termtrend|
|Mortality - post retirement||||rate||fate|
||||91P/o ofmaximum|available|90%ofmaximum|available|
|Cash commutation|||||||
|Life expectancy:
Current pensioners
Current pensioners
Future pensioners|age 65 - males
age 65 - females
age 65 (currently|age 45) - males||22.0
24.3
24.3||21.9
24.3
23.2|
|Future pensioners|age 65 (currently|age 45) - females||25.8||25.7|
##
##
##
##
||||Gwynedd
Archaeological
Trust Ltd
A company limited by guaraatee|||
|---|---|---|---|---|---|
||||Detailed Statement ofFinancial Activifies|||
||||for the year ended 31March 2022|2022|2021|
|||||6||
|INCOME AND ENDOWMENTS||||||
|Donations and legacies||||||
|Legacies||||55|10,000|
|Investment
income||||||
|Deposit account interest||||434|659|
|Charitable
actlvifies||||||
|Grants Rom Cadw||||378,478|320,364|
|Other grants||||30,000|67,059|
|Private srchaeologicsl
Subscripfions/fiiends|projects
income|||591,192
I 179|334,214
~154|
|||||1,000,849|722,891|
|Other income||||||
|Other income resources||||262|132|
|Furlough
income||||975|30,587|
||||||~30719|
|Total incoming resources||||1,002,575|764,269|
|Charitable
activities||||||
|Wages and salaries
Employer's
NIC||||487,851
43,469|402,634
29,097|
|Pensions||||41,499|13,017|
|Motor and travel costs||||18,996|5,618|
|project on costs||||115,423|93,417|
|Training||||1,240|131|
|Meetings snd conferences||||55|348|
|Materials||||4,706||
|Defined benefit plan costs
Depreciation oftangible fixed assets
Profit on disposal offixtd assets||||(13,000)
7,199|55,000
9,426
~73|
|||||707,438|608,615|
|Support costs||||||
|Maaagement||||||
|Wages and salaries
Employer's NIC||||87,595
3,835|69,507
5,612|
|Pensions||||13,805|2,520|
|Other operating leases||||3,985|3,190|
|Premises snd rental||||11,319|7,785|
|Insurance||||10,037|10,725|
|Repairs snd maintenance||||9,858|6,451|
|Telephone||||8,515|6,974|
|Stationery, postage snd sundries
Depreciation oftangible
and heritage assets||||8,705
~2000|13,835
~2000|
|||||159,654|128,599|
##
##
|||Dam%ed Statement ofFinancial Activities
for the year ended 31March 2022|||
|---|---|---|---|---|
||||2022f|2021f|
|Management|||||
|Other|||||
|Library snd subscriptions
Bank charges dt interest|||1,245
728|691
696|
||||1,973|1,387|
|Governance
costs|||||
|Auditors'
remuneration
Legal th professional|fees||5,860
~18 23|5,475
~9091|
||||~24 283|~14566|
|otal resources expended|||893 48|~753 167|
|etincome|||109 27|~11102|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||for the|year|ended 31March|2022|||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||Unrestricted|Restricted|Total|Total|
||||Notes||fund|funds|fundsf|funds|
|INCOME AND ENDOWMENTS||FROM|||||||
|Donations
and legacies|||||55||55|10,000|
|Charitable
activities|||||||||
||||||593,454|407,395|1,000,849|722,891|
|Investment
income
Other income|||||434
~1237||434
~1237|659
~30719|
|Total|||||~595 180|~407395|~1002575|~764269|
|EXPENDITURE ON|||||||||
|Charitable
activities|||||||||
||||||485,953|407,395|893,348|753,167|
|NET INCOME|||||109,227||109,227|11,102|
|Transfers betweea funds||||15|~10000|~10000|||
|Other recognised gains/(tosses)|||||||||
|Defined benefit scheme transition
Actuarial
gains on defined benefit||adjustment
schemes|||~256000||~256000|(753,846)
~210000|
|Net movement
in fends|||||355227|10,000|365,227|(532,744)|
|RECONCILIATION|OF FUNDS||||||||
|Total funds brought forward|||||66,377||66,377|599,121|
|TOTAL FUNDS CARRIED FORWARD|||||~421 604|10000|~431 604|~66 77|
##
||A company li|mited by guarantee||||
|---|---|---|---|---|---|
||Statemeat|ofFiaancial Posifioa||||
||31|March 2022||||
|||||2022|2021|
|||Unrestricted|Restricted|Total|Total|
||Notes|fund|funds|fundsf|funds|
|FIXEDASSETS||||||
|Tangible assets|12|298,267||298,267|306,876|
|CURRENT ASSETS||||||
|Debtors
Cash at bank and in hand|13|178,618
~520657|~10000|178,618
~530657|188,910
~399610|
|||699,275|10,000|709375|588,520|
|CREDITORS||||||
|Amounts
falling due within one year|14|(59,938)||(59,938)|(44,019)|
|NET CURRENT ASSETS||~639337|~10000|~649337|~544 501|
|TOTAL ASSETSLESSCURRENT|LIABILITIES|937,604|10,000|947,604|851,377|
|PENSION LIABILITY|16|(516,000)||(516,000)|(785,000)|
|NET ASSETS/(LIABILITIES)||421,604|~10000|~431 604|66,377|
|FUNDS|15|||||
|Unrestricted
funds
Restricted funds||||421,604
~10000|66,377|
|TOTAI FUNDS||||~431 604||
##
|||||A company limited by guarante|e||
|---|---|---|---|---|---|---|
|||||Statement ofCash Flows|||
|||||for the year ended 31March|2022||
||||||2022|2021|
|||||Notes|||
|Cash flows from operating||activities|||||
|Cash generated
&om operations
Interest paid|||||131,931
~28|(6,122)
~696|
|Net cash pmvided by/(used||in) operating activities|||~131 03|6818|
|Cash flows from investiag||activities|||||
|Purchase oftangible fixed|assets||||(590)|(5,659)|
|Sale oftangible fixed assets||||||219|
|Interest received|||||434|659|
|Net cash used in investing|activities||||~156)|~4781)|
|Change in cash and cash
reporting
period|equivalents||in tbe||131,047|(11,599)|
|Cash and cash equivalents
the reporting period||at the beginning||of|~399610|~411209|
|Cash and cash equivalents||at the ead|ofthe||||
|reporting
period|||||~530657|~399610|
##
|Gwynedd
Archaeological
Trust Ltd
A company gmited by guarantee
Notes totbe Statement ofCash Flows
for the year ended 31March 2022|Gwynedd
Archaeological
Trust Ltd
A company gmited by guarantee
Notes totbe Statement ofCash Flows
for the year ended 31March 2022|Gwynedd
Archaeological
Trust Ltd
A company gmited by guarantee
Notes totbe Statement ofCash Flows
for the year ended 31March 2022|Gwynedd
Archaeological
Trust Ltd
A company gmited by guarantee
Notes totbe Statement ofCash Flows
for the year ended 31March 2022|||
|---|---|---|---|---|---|
|RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM OPERATING||||ACTIVITIES||
|||||2022|2021|
|||||6||
|Net income|for the|reporting|period (asper the Statement ofFinancial|||
|Acflvities)||||109,227|11,102|
|Adjustments|for:|||||
|Depreciation|charges|||9,199|11,426|
|Pmflt on disposal offlxed assets|||||(73)|
|Interest received||||(434)|(659)|
|Interest paid||||728|696|
|Decrease/(increase)||in debtors||10,292|(51,466)|
|Increase in creditors||||15,919|7,852|
|Difference between||pension charge and cash contributions||~13 000|~15000|
|Net cash provided||by/(used|ia) operations|~131 931|6 122|
|ANALYSIS|OF CHANGES||IN NET FUNDS|||
||||At 1.4.21
6|Cash flow
f,|At31.322f|
|Net cash||||||
|Cash at bank|and in|hend|~399610|131047|~530657|
||||399610|~131047|~530657|
|Total|||399,610|~131 047|530,657|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Gwynedd
Archaeological
Trust Ltd
A company limited by guarantee|Gwynedd
Archaeological
Trust Ltd
A company limited by guarantee|Gwynedd
Archaeological
Trust Ltd
A company limited by guarantee|||
|---|---|---|---|---|---|---|---|---|
|||||Notes to the Financial Statements - contiaued|||||
|||||for the year|ended 31March|2022|||
|5.|INCOME FROM CHARITABLE ACTIVITIES||||||||
|||||Activity|||2022|2021f|
||Grants &om Csdw||||||||
||||||||378,478|320,364|
||Other grants||||||30,000|67,059|
||Private archaeological|pmj acts|||||591,192|334,214|
||Subscriptions/friends|income|||||~1179|~1254|
||||||||~1,000849|~722 891|
|6.|CHARITABLE ACTIVITIES COSTS||||||||
||||||||Support||
|||||||Direct|costs (see||
|||||||Costs|note 7)|Totalsf|
|||||||707,438|~185 910|~893 348|
|7,|SUPPORT COSTS||||||||
||||||||Governance||
||||||Management||costs|Totals|
||||||||8||
||||||~159 654|~1973|24
83|~185 910|
|8.|NET INCOME/(EXPENDITURE)||||||||
||Net income/(expenditure)||isstated|after charging/(crediting):|||||
||||||||2022|2021|
||||||||6|6|
||Auditors'
remuneration||||||5,860|5,475|
||Depreciation - owned assets
Other operating leases
Surplus on disposal offixed assets||||||9,199
3,985|11,427
3,190
~3|
##
##
##
##
|STAFFCOSTS||||||
|---|---|---|---|---|---|
|||||2022
6|2021f|
|Wages and salaries
Social security costs||||575,446
47304|472,141
34,709|
|Other pension costs||||55304|~15537|
|||||~678 054|522,387|
|The average monthly
number ofemployees||during the year was as follows:||||
|||||2022|2021|
|Chief Executive||||1|1|
|Heritage management||||6|6|
|Archaeologicsl
pmjects||||11|11|
|Administration
and support||||2|2|
|||||20|20|
|No employees
received emoluments|in excess off60,000.|||||
|COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES||||||
|||Unrestricted||Restricted|Total|
|||fund||fund|funds|
|INCOME AND ENDOWMENTS|FROM|||||
|Donations
and legacies||10,000|||10,000|
|Charitable
activities||||||
|||343,828||379,063|722,891|
|Investment
income|||659||659|
|Other income||~30|719||~30 719|
|Total||~385|206|~379063|764269|
|EXPENDITURE ON||||||
|Charitable
activities||||||
|||329,901||423466|753,167|
|NET INCOME/(EXPENDITURE)||55,305||(44303)|11,102|
|Other recogaised gains/(tosses)||||||
|Defined benefit scheme transition
adjustment||(753,846)|||(753,846)|
|Actuarial
gains on defined benefit schemes||~210|000||~210000|
|Net movement
in funds||(488,541)||(44403)|(532,744)|
##
||for tbe year ended 31Mar|for tbe year ended 31Mar|ch 2022|||
|---|---|---|---|---|---|
||COMPARATIVES FORTHE STATEMENT OFFINANCIAL||AC~S -continued|||
||||Unrestricted|Restricted|Total|
||||fund
I|fend
f.|fundsI|
||RECONCILIATION OFFUNDS|||||
||Total funds brought forward||554,918|44203|599,121|
||TOTAL FUNDS CARRIED FORWARD||~66 377||~66 377|
|12.|TANGIBLE FIXEDASSETS|||||
|||Freehold||Motor||
|||pmpcttyI|Equipmentf|vehicles|Totals|
||COST|||||
||At 1 April 2021
Additions|350,000|133,974
590|20,941|504,915
590|
||At 31March 2022|~350000|~134564|~20941|~505 505|
||DEPRECIATION|||||
||At 1 April 2021
Charge for year|52,603
~2000|124,495
7 199|20,941|198,039
~9199|
||At 31March 2022|~54 603|~131694|20941|~207238|
||NET BOOKVALUE|||||
||At 31March 2022|295397|~2870||~298267|
||At 31March 2021|~297 397|~9479||~306876|
##
|DEBTORS:|AMOUNTS FALLING DUE WITHIN ONE Y|EAR||
|---|---|---|---|
|||2022|2021f|
|Trade debtors||104,325|116,501|
|Other debtors
Prcpayments|snd accrued income|67,931
6362|66,041
~6368|
|||~178 618|~188 910|
##
##
##
##
|CREDITORS|: AMOUNTS|FA|LLING DU|E WITHIN ONE YEA|R|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|Trade creditors||||||15,121|11,794|
|Soaal scantly|and other taxes|||||3,036||
|VAT||||||33,367|20313|
|Other creditors||||||3,314||
|Accrusls and defared income||||||5 100|~11912|
|||||||~59 938|~44019|
|MOVEMENT|IN FUNDS|||||||
||||||Net|Transfers||
||||||mcvemeut|between||
|||||At 1.4.21f|in fundsf|fimdsf|At31.3.22f|
|Unrestricted
fuads||||||||
|General fund||||66377|365,227|(10,000)|421,604|
|Restricted funds||||||||
|TA Roberts legacy||||||10,000|10,000|
|TOTAL FUNDS||||~66 377|~365 227||~431604|
|Nct movement|in funds, included||in the above|sre as follows:||||
|||||Incoming|Resources|Gains snd|Movement|
|||||resources|expended
f|losses
f|in fundsf|
|Unrestricted
funds||||||||
|General fund||||595,180|(485,953)|256,000|365,227|
|Restricted funds||||||||
|Restricted fund||||407,395|(407,395)|||
|TOTAL FUNDS||||~1002575|~93 48|~256000|~365
7|
|Comparatives|for movement|in|funds|||||
|||||||Net||
|||||||movement||
||||||At 1.4.20|in fundsf|At31.321
f|
|Unrestricted
I'unde||||||||
|General fund|||||554,918|(488,541)|66,377|
|Restricted funds||||||||
|Restricted fund|||||44,203|(44303)||
|TOTAL FUNDS|||||~599121|532744|~66377|
##
|Comparative
net movement
in funds,|mcluded
in the above are as follow|s:|s:||||
|---|---|---|---|---|---|---|
||Incoming|Resources||Gains and||Movement|
||ICSOtlfCCSf||expended||losses
f|in fundsf|
|Unrestricted
funds|||||||
|General fund|385406||(329,901)||(543,846)|(488,541)|
|Restricted funds|||||||
|Restricted fund|379,063||(423,266)|||(44,203)|
|TOTAL FUNDS|~764 269||~753 167)||~543 846|~532 744|
|Acunent year 12months and prior year 12months combined position is as|||follows:||||
||||Net||Tnmsfers||
|||movement|||between||
||At 1.4.20
f||in funds
f,||funds
f|At31.3.22
f|
|Unrestricted
funds|||||||
|General fund|554,918||(123,314)||(10,000)|421,604|
|Restricted funds|||||||
|Restricted 6snd
TARoberts legacy|44403||(44,203)||~10000|~10000|
||~44 203||~44203||~10000|~10000|
|TOTAL FUNDS|~599 121||~167517)||-|~431 604|
|Acurrent year 12months and prior year 12months combined net movement|||in fimds, included||in the above|are as follows:|
||Incoming|Resources||Gains and||Movement|
||fcsoulccsf||expendedf||losses
f|in fimdsf|
|Unresttfcted
funds|||||||
|General fund|980,386||(815,854)||(287,846)|(123,314)|
|Restricted funds|||||||
|Restricted fund|786,458||(830,661)|||(44,203)|
|TOTAL FUNDS|~1766844|~1515)||~287846)||~167 51|
##
##
|Value ofassets|||12,900,000|
|---|---|---|---|
|Active members||||
|Members with presenred benefits||7,000,000||
|Pensioners paid fiom|the fund|8,800,000||
|Insured pensioners||1,600,000||
|Guaranteed
Minimum|Pensions (GMP) equelisations|I0D0||
||||17100IIDII|
|Deficit|||4,600,000|
##
##
||||2022|2021|
|---|---|---|---|---|
|Amounts
recognised in the Statement ofFinancial Activities|||||
|Fast service cost||||17,000|
|Non investment
expeases|||11,000|17,000|
|Expected mturn on plan assets|||(53,000)|(47,000)|
|Interest cost
Total charged to charitable
expenditure|||68 ODD
60 MO
26000~55 M||
||||2022|2021|
|Amounts
taken to other comprehensive|income||f|f|
|Return on assets excluding
amounts
included in net interest
Actuarial
changes related to obligations|||(20,000)
397,000
276010~18 MO||
|Actuarial gain/(loss) recogaised in other|gains/(losses)||256MO|210MD|
|Total recognised
in other gains/losses|||256,000|210,000|
|The amounts
included
in the balance sheet arising &om the company's||obligations|in respect ofdefined benefit plans are||
|follows:|||||
||||2022|2021
f|
|Present value ofdefined benefit obligations
Fair value ofplan assets|||(3,189,000)
2673000|(3,452,000)
266700D|
|Deficit in scheme|||~516MD|~78
DOD|
||||2022|2021|
|Movements
in the present value ofdefined benefit obligations|||f|f|
|Opening defined benefit obligation
Past service cost|||3,452,000|3,246,000
17,000|
|Interest cost
Actuarial losses/(gains)
Benefits paid|||68,000
(276,000)
~550M|68,000
187,000
~66 MD|
||||3 180000|~352000|
||||2022|2021|
|Movements
in the fair value ofplan assets|||f|f|
|Opening fair value ofscheme assets
Contributions
by employer
Non investment
expenses|||2,667,000
39,000
(11,000)|2,266,000
40,000
(17,000)|
|Expected return
Actuarial gains/fiosses)
Beaefits paid|||53,000
47,000
(20,000)
397,000
~55100~66M||
||||~6730M ~2667 M||
##
##
||||2022|2021|
|---|---|---|---|---|
|Composition|ofplan|assets:||f|
|Equities
Bonds|||1,017,000
559,000|1,393,000
586,000|
|Alternatives|||710,000|341,000|
|Annuities|||144,000|164,000|
|Cash|||243 000|183000|
||||2673000|26670DD|
|Principal actuarial|assumptions
atth|e Statement ofFinancial|Position date (expressed|as weighte|d averages):||
|---|---|---|---|---|---|---|
|||||2022||2021|
|Discount rate||||2.70%||2.00'/o|
|Price inflation (Rpf)
Price inflation (Cpl)
Deferred revaluation||||3.70%
3.00%
3.00'/o||3.30%
2.60'/o
2.60%|
|Pension increases|- RPI up to5%|||3.50%||3.20%|
|Mortality - pre retirement||||Nil||Nil|
||||S3PA tables based oayear||83PA tables based onyear||
||||ofbirth, allowingfor
CMI||ofbirth, sllowingfor
CMI||
||||2021impmvements
with||2020impmvements
with||
||||a1.25%pa long|termtread|a1.25'/o pa long|termtrend|
|Mortality - post retirement||||rate||fate|
||||91P/o ofmaximum|available|90%ofmaximum|available|
|Cash commutation|||||||
|Life expectancy:
Current pensioners
Current pensioners
Future pensioners|age 65 - males
age 65 - females
age 65 (currently|age 45) - males||22.0
24.3
24.3||21.9
24.3
23.2|
|Future pensioners|age 65 (currently|age 45) - females||25.8||25.7|
##
##
##
##
||||Gwynedd
Archaeological
Trust Ltd
A company limited by guaraatee|||
|---|---|---|---|---|---|
||||Detailed Statement ofFinancial Activifies|||
||||for the year ended 31March 2022|2022|2021|
|||||6||
|INCOME AND ENDOWMENTS||||||
|Donations and legacies||||||
|Legacies||||55|10,000|
|Investment
income||||||
|Deposit account interest||||434|659|
|Charitable
actlvifies||||||
|Grants Rom Cadw||||378,478|320,364|
|Other grants||||30,000|67,059|
|Private srchaeologicsl
Subscripfions/fiiends|projects
income|||591,192
I 179|334,214
~154|
|||||1,000,849|722,891|
|Other income||||||
|Other income resources||||262|132|
|Furlough
income||||975|30,587|
||||||~30719|
|Total incoming resources||||1,002,575|764,269|
|Charitable
activities||||||
|Wages and salaries
Employer's
NIC||||487,851
43,469|402,634
29,097|
|Pensions||||41,499|13,017|
|Motor and travel costs||||18,996|5,618|
|project on costs||||115,423|93,417|
|Training||||1,240|131|
|Meetings snd conferences||||55|348|
|Materials||||4,706||
|Defined benefit plan costs
Depreciation oftangible fixed assets
Profit on disposal offixtd assets||||(13,000)
7,199|55,000
9,426
~73|
|||||707,438|608,615|
|Support costs||||||
|Maaagement||||||
|Wages and salaries
Employer's NIC||||87,595
3,835|69,507
5,612|
|Pensions||||13,805|2,520|
|Other operating leases||||3,985|3,190|
|Premises snd rental||||11,319|7,785|
|Insurance||||10,037|10,725|
|Repairs snd maintenance||||9,858|6,451|
|Telephone||||8,515|6,974|
|Stationery, postage snd sundries
Depreciation oftangible
and heritage assets||||8,705
~2000|13,835
~2000|
|||||159,654|128,599|
##
##
|||Dam%ed Statement ofFinancial Activities
for the year ended 31March 2022|||
|---|---|---|---|---|
||||2022f|2021f|
|Management|||||
|Other|||||
|Library snd subscriptions
Bank charges dt interest|||1,245
728|691
696|
||||1,973|1,387|
|Governance
costs|||||
|Auditors'
remuneration
Legal th professional|fees||5,860
~18 23|5,475
~9091|
||||~24 283|~14566|
|Total resources expended|||893 48|~753 167|
|Netincome|||109 27|~11102|
##
##
##
##
##
##