2021-03-31-accounts - Maritime Archaeology Trust

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			Page
Report ofthe Trustees		1	to	4
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet		7	to	8
Notes to the Financial Statements		0	to	20

MARITIME ARCHAEOLO	GY TRUST (REGISTERED NUM	BER: 02394244)
	BALANCE SHEET
	31 MARCH 2021
		2021	2020
	Notes	L'	F
FIXEDASSETS
Tangible assets	11	1,343	5,746
Investments	12	2	2
		1,345	5,748
CURRENT ASSETS
Debtors	13	159,717	234,652
Cash at bank and in hand		101,664	2,586
		261,381	237,238
CREDITORS
Amounts falling due within one year	14	(95,291)	(55,043)
NET CURRENT ASSETS		166,090	182,195
TOTAL ASSETSLESSCURRENT
LIABILITIES		167,435	187,943
NET ASSETS		167,435	187,943
FUNDS	16
Unrestricted funds		163,515	141,698
Restricted funds		3,920	46,245
TOTAL FUNDS		167,435	187,943

								2021	2020
								F	E
	Project time							208,538	177,101
	Activities	undertaken			directly			25,991	75,224
	Depreciation							4,403	3,005
								238,932	255,330
6.	SUPPORT		COSTS
								Governance
							Management	costs	Totals
							E	E
	Research,		Exhibitions		and Education		60,716	4,605	65,321
	Support costs, included					in the above, are as follows
	Management
								2021	2020
								Research,
								Exhibitions
								and	Total
								Education	activities
								E	F
	Support costs							60,716	43,845
	Governance			costs
								2021	2020
								Research,
								Exhibitions
								and	Total
								Education	activities
									F
	Governance			costs				4,605	9,886
7.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)					is stated after charging/(crediting):
								2021	2020
								E	E
	Depreciation			—owned	assets			4,403	3,005
	Independent			examiners'		fees		1,680	1,680

STAFF COSTS
									2021	2020
									E
Wages and salaries Social security costs									175,006 7,577	177,706 14,809
Pension costs									7,280	7,709
									189,862	200,223
The average monthly number of		employees		during	the year was as follows:
									2021	2020
									9	11
No employee received emoluments			in excess ofF60,000(2020: none).
Key management personnel The key management personnel		of	the Charity comprises				of the Director and Head of Research. The
total employee remuneration	and		benefits	of the		key management		personnel of the		charity was
F101,827 (2020:F98,367).
COMPARATIVES FOR THE STATENIENT				OF FINANCIAL ACTIVITIES
							Unrestricted		Restricted	Total
							funds		funds	funds
							F		E	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies							25,230		33,668	58,898
Charitable activities
Research, Exhibitions and Education							63,421		180,822	244,243
Total							88,651		214,490	303,141
EXPENDITURE ON
Charitable activities
Research, Exhibitions and Education							114,979		194,082	309,061
NET INCOME/(EXPENDITURE)							(26,328)		20,408	(5,920)
Transfers between funds							1,815		(1,815)
Net movement in funds							(24,513)		18,593	(5,920)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
COMPARATIVES FOR THE STATEIIIIENT OF FINANCIAL ACTIVITIES - continued
			Unrestricted	Restricted	Total
			funds f	funds 6	fundsf
RECONCILIATION	OF FUNDS
Total funds brought		forward	166,211	27,652	193,863
TOTAL FUNDS CARRIED FORWARD			141,698	46,245	187,943
TANGIBLE FIXEDASSETS
			Plant and	Office
			machinery f	equipment F	Totals
COST
At 1 April 2020 and	31 March 2021		131,133	53,447	184,580
DEPRECIATION
At 1 April 2020			128,816	50,018	178,834
Charge for year			2,179	2,224	4,403
At 31 March 2021			130,995	52,242	183,237
NET BOOK VALUE
At 31 March 2021			138	1,205	1,343
At 31 March 2020			2,317	3,429	5,746

Maritime Archaeology	Maritime Archaeology	Limited
Registered office: Room		014/11 National	Oceanography		Centre, Empress	Dock, Southampton,
Hampshire, SO14	3ZH
Nature ofbusiness:	Maritime archaeology		related	activities
			'lo
Class ofshare			holding
Ordinary				100		2021	2020
						6	F
Aggregate capital and reserves Profit for the year						21,227 32,558	9,137 3,099
DEBTORS:AMOUNTS		FALLING DUE	WITHIN ONE		YEAR
						2021 f	2020 6
Trade debtors						900	2,647
Amounts owed by Other debtors	group	undertakings				129,239 29,578	227,878 4,127
						159,717	234,652

				2021 f	2020 8
Social security and other taxes				5,366	5,512
Other creditors				8,136	9,531
Accruals and deferred		income		81,789	40,000
				95,291	55,043
				2021	2020
					E
Brought forward				40,000
Amount released	to incoming		resources	(30,000)
Amount deferred	in year			71,789	40,000
Carried forward				81,789	40,000

Comparatives for movement in f	unds
		Net	Transfers
		movement	between	At
	At 1.4.19	in funds	funds	31.3.20
	6	E	F
Unrestricted funds
General fund	163,165	(30,982)	1,815	133,998
E&O Unrestricted	3,046	4,654		7,700
	166,211	(26,328)	1,815	141,698
Restricted funds
Bouldnor Cliff	9,154	(2,305)		6,849
HE Stirling Castle	(536)	(538)		(1,074)
Western Solent		(1,284)		(1,284)
Waves of Change	11,798	1,227		13,025
SARCC	(6,548)	(17,996)		(24,544)
E&O Restricted	(1,000)		1,000
SWC Foyle	14,784	(13,952)	(832)
National Geographic		1,983	(1,983)
NAS Chesil Beach		(1,474)		(1,474)
D Day Walls		34,375		34,375
CMW Thorns Beach		1,000		1,000
Rising from the Depths		(129)		(129)
SWC Submarines		9,500		9,500
G Wreck		10,001		10,001
	27,652	20,408	(1,815)	46,245
TOTAL FUNDS	193,863	(5,920)		187,943