|||Page||
|---|---|---|---|
|Report ofthe Trustees||1 to|4|
|Independent
Examiner's|Report|||
|Statement ofFinancial|Activities|||
|Balance Sheet||||
|Notes to the Financial|Statements|8 to|14|
|Detailed Statement ofFinancial Activities||15||
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||||||||31.3.23|31.3.22|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||fund|fund|funds|funds|
|||||Notes|||||
|INCOME AND ENDOWMENTS FROM|||||||||
|Investment
income|||||28,203|144|28,347|26,077|
|Other income||||||||7,080|
|Total|||||28,203|144|28,347|33,157|
|EXPENDITUIu:||ON|||||||
|Raising funds|||||17,245||17,245|17,654|
|Charitable
activities|||||||||
|Grants|||||20,860||20,860|25,400|
|Other|||||3,412|100|3,512|2,599|
|Total|||||41,517|100|41,617|45,653|
|Net gains/(losses)|on investments||||(126,443)||(126,443)|92,716|
|NET INCOME/(EXPENDITURE)|||||(139,757)|44|(139,713)|80,220|
|RECONCILIATION|||OFFUNDS||||||
|Total funds brought||forward|||2,170,043|11,079|2,181,122|2,100,902|
|TOTAL FUNDS CARRIED FORWARD|||||2,030,286|11,123|2,041,409|2,181,122|
##
|||||31.3.23|31.3.22|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Investments|7|1,998,284|11,123|2,009,407|2,151,468|
|CURRENT ASSETS||||||
|Cash at bank||52,553||52,553|47,956|
|CREDITORS||||||
|Amounts
falling due within one year|8|(20,551)||(20,551)|(18,302)|
|NET CURRENT ASSETS||32,002||32,002|29,654|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||2,030,286|11,123|2,041,409|2,181,122|
|NET ASSETS||2,030,286|11,123|2,041,409|2,181,122|
|FUNDS||||||
|Unrestricted
funds||||2,030,286|2,170,043|
|Restricted
funds||||11,123|11,079|
|TOTAL FUNDS||||2,041,409|2,181,122|
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|||||31,3.23|31,3.22|
|---|---|---|---|---|---|
||Investment|income||28,347|26,077|
|3.|RAISING|FUNDS||||
||Investment|management|costs|||
|||||31.3.23|31.3.22|
||Portfolio management|||17,245|17,654|
##
|Trustees'
expenses||||
|---|---|---|---|
|||31.3.23|31.3.22|
|Trustees' expenses||1,116|904|
|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES||||
||Unrestricted|Restricted|Total|
||fund|fund|funds|
|INCOME AND ENDOWMENTS FROM||||
|Investment
income|25,940|137|26,077|
|Other income|7,080||7,080|
|Total|33,020|137|33,157|
|EXPENDITURE ON||||
|Raising funds|17,654||17,654|
|Charitable
activities||||
|Grants|25,400||25,400|
|Other|2,499|100|2,599|
|Total|45,553|100|45,653|
|Net gains on investments|92,716||92,716|
|NET INCOME|80,183|37|80,220|
##
|5.|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued|
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|
||||||fund|fund|funds|
||RECONCILIATION||OF FUNDS|||||
||Total funds brought|forward|||2,089,860|11,042|2,100,902|
||TOTAL FUNDS CARRIED|||||||
||FORWARD||||2,170,043|11,079|2,181,122|
|6.|GAINS/LOSSES ON||INVESTMENT ASSETS|||||
||The gains arising from||the movement ofthe investment||assets comprises;|||
||Unrealised
loss on revaluation|||ofinvestments|||75927|
||Realised loss on disposal ofinvestments||||||50516|
||Total||||||126443|
|7.|FIXEDASSETINVESTMENTS|||||||
||||||||Listed|
||||||||investments|
||||||||f.|
||MARKET VALUE|||||||
||At 1 April 2022||||||2,151,468|
||Additions||||||958,599|
||Disposals||||||(1,024,733)|
||Revaluations||||||(75,927)|
||At 31 March 2023||||||2,009,407|
||NET BOOK VALUE|||||||
||At 31 March 2023||||||2,009,407|
||At 31March 2022||||||2,151,468|
##
||||||Listed|
|---|---|---|---|---|---|
||||||investments|
||Valuation|in 2020|||1,604,216|
||Valuation|in 2021|||471,437|
||Valuation|in 2022|||75,815|
||Valuation|in 2023|||(142,061)|
||||||2,009,407|
|8.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|||||31.3.23|31.3.22|
||Grants payable|||14,360|12,050|
||Accrued expenses|||6,191|6,252|
|||||20,551|18,302|
|9.|MOVEMENT IN FUNDS|||||
|||||Net||
|||||movement|At|
||||At 1.4.22|in funds|31.3.23|
||Unrestricted
funds|||||
||General
fund||2,170,043|(139,757)|2,030,286|
||Restricted|funds||||
||Restricted|fund|11,079||11,123|
||TOTAL FUNDS||2,181,122|(139,713)|2,041,409|
##
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
|Unrestricted
funds|||||
|General fund|28,203|(41,517)|(126,443)|(139,757)|
|Restricted funds|||||
|Restricted fund||(100)||44|
|TOTAL FUNDS|28,347|(41,617)|(126,443)|(139,713)|
##
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.4.21|in funds|31.3.22|
|Unrestricted
funds||||
|General
fund|2,089,860|80,183|2,170,043|
|Restricted
funds||||
|Restricted fund|11,042|37|11,079|
|TOTAL FUNDS|2,100,902|80,220|2,181,122|
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
|Unrestricted
funds|||||
|General fund|33,020|(45,553)|92,716|80,183|
|Restricted
funds|||||
|Restricted fund|137|(100)||37|
|TOTAL FUNDS|33,157|(45,653)|92,716|80,220|
##
##
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.4.21|in funds|31.3,23|
|Unrestricted
funds||||
|General fund|2,089,860|(59,574)|2,030,286|
|Restricted funds||||
|Restricted
fund|11,042|81|11,123|
|TOTAL FUNDS|2,100,902|(59,493)|2,041,409|
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
|Unrestricted
funds|||||
|General fund|61,223|(87,070)|(33,727)|(59,574)|
|Restricted
funds|||||
|Restricted fund|281|(200)||81|
|TOTAL FUNDS|61,504|(87,270)|(33,727)|(59,493)|
##
##
##
|Detailed Statement of|Financial Activities|Financial Activities|||
|---|---|---|---|---|
|for the Year Ended 31|March 2023||||
||||31.3.23|31.3.22|
|INCOME AND ENDOWMENTS|||||
|Investment
income|||||
|Investment
income|||28,347|26,077|
|Other income|||||
|Grants returned||||6,500|
|Donations||||580|
|||||7,080|
|Total incoming
resources|||28,347|33,157|
|EXPENDITURE|||||
|Investment
management||costs|||
|Portfolio management|||17,245|17,654|
|Charitable
activities|||||
|Archaeological
grants|||20,860|25,400|
|Support costs|||||
|Management|||||
|Trustees' expenses|||1,116|904|
|Honorarium|||1,375|1,250|
|Professional
subscriptions|||130|225|
|Promotional
expenses|||119|(576)|
|Accountancy
charges|||600|600|
|Biennial lecture expenses|||100|100|
|Bank charges|||72|96|
||||3,512|2,599|
|Total resources expended|||41,617|45,653|
|Net expenditure
before gains and losses|||(13,270)|(12,496)|
|Realised recognised
gains||and losses|||
|Realised gains/(losses)|on|fixed asset|||
|investments|||(126,443)|92,716|
|Net (expenditure)/income|||(139,713)|80,220|