||||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|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|E||6||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies|||2|49,814||49,814|58,898|
|Charitable
activities||||||||
|Research,
Exhibitions|and Education|||51,246|182,685|233,931|244,243|
|Total||||101,060|182,685|283,745|303,141|
|EXPENDITURE ON||||||||
|Charitable
activities|||4|||||
|Research,
Exhibitions|and Education|||78,947|225,306|304,253|309,061|
|NET INCOME/(EXPENDITURE)||||22,113|(42,621)|(20,508)|(5,920)|
|Transfers
between|funds||16|(295)|295|||
|Net movement
in funds||||21,818|(42,326)|(20,508)|(5,920)|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought|forward|||141,698|46,245|187,943|193,863|
|TOTAL FUNDS CARRIED FORWARD||||163,516|3,919|167,435|187,943|
##
|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|
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||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||F|6|
|Donations|||||||||49,814|58,898|
|INCOME|FROM|CHARITABLE ACTIVITIES|||||||||
||||||||||2021|2020|
||||||Activity|||||8|
|EU and UK Projects|||||Research,|Exhibitions|and|Education|128,571|210,986|
|E80 Delivery|||||Research,|Exhibitions|and|Education|2,630|9,110|
|Grants|||||Research,|Exhibitions|and|Education|101,741||
|Exhibition|Admission||||Research,|Exhibitions|and|Education|989|24,147|
||||||||||233,931|244,243|
|Grants received,||included||in the above,||are as follows:|||||
||||||||||2021|2020|
|||||||||||F|
|Job Retention Scheme|||||||||||
||||||||||101,741||
|CHARITABLE ACTIVITIES|||||COSTS||||||
|||||||||Direct|Support||
|||||||||Costs (see|costs (see||
|||||||||note 5)|note 6)|Totals|
||||||||||F|6|
|Research,|Exhibitions||and|Education||||238,932|65,321|304,253|
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|||||||||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|
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|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|
##
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|Shares|in|
|---|---|
|gl'oup||
|undertakings||
|F||
##
##
|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|
##
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|||||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|
##
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|ANALY|SIS OF NET ASSETS|BETWEEN FUNDS||||
|---|---|---|---|---|---|
|||||2021|2020|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
|Fixed assets||1,343||1,343|5,746|
|Investments||2||2|2|
|Current|assets|175,672|85,709|261,381|237,238|
|Current|liabilities|(13,502)|(81,789)|(95,291)|(55,043)|
|||163,515|3,920|167,435|187,943|
##
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|MOVEMENT
IN FUNDS||||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 1.4.20|in funds|funds|31.3.21|
|||E|E||E|
|Unrestricted
funds||||||
|General
fund||133,998|46,036|(295)|179,739|
|E&O Unrestricted||7,700|(4,095)||3,605|
|Shipwreck
Museum|||(19,829)||(19,829)|
|||141,698|22,112|(295)|163,515|
|Restricted funds||||||
|Bouldnor Cliff||6,849|(2,714)||4,135|
|HE Stirling Castle||(1,074)|908|166||
|Western Solent||(1,284)|(2,525)||(3,809)|
|Waves ofChange||13,025|||13,025|
|SARCC||(24,544)|(2,337)||(26,881)|
|NAS Chesil Beach||(1,474)|4,889||3,415|
|D Day Walls||34,375|(31,313)||3,062|
|CMW Thorns Beach||1,000|||1,000|
|Rising from the Depths||(129)||129||
|SWC Submarines||9,500|||9,500|
|G Wreck||10,001|(8,700)||1,301|
|Herepath
Sh re Bouldnor|at SWC||(828)||(828)|
|||46,245|(42,620)|295|3,920|
|TOTAL FUNDS||187,943|(20,508)||167,435|
|Net movement
in funds,|included|in the above are as follows:||||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||6|E|8|
|Unrestricted
funds||||||
|General fund|||70,607|(24,571)|46,036|
|E&O Unrestricted|||475|(4,570)|(4,095)|
|Shipwreck
Museum|||29,978|(49,807)|(19,829)|
||||101,060|(78,948)|22,112|
|Restricted funds||||||
|Bouldnor
Cliff||||(2,714)|(2,714)|
|HE Stirling Castle|||5,408|(4,500)|908|
|Western Solent||||(2,525)|(2,525)|
|SARCC|||61,547|(63,884)|(2,337)|
|NAS Chesil Beach|||5,389|(500)|4,889|
|D Day Walls|||8,600|(39,913)|(31,313)|
|G Wreck||||(8,700)|(8,700)|
|Herepath
Sh re Bouldnor|at SWC|||(828)|(828)|
|Job Retention
Scheme|||101,741|(101,741)||
||||182,685|(225,305)|(42,620)|
|TOTAL FUNDS|||283,745|(304,253)|(20,508)|
##
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##
|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|
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