## |||Page|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|9|to|20| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2022|2021| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| |INCOME AND ENDOWMENTS|FROM|Notes|funds
F|funds
E|funds
f|fundsf| |Donations
and legacies|||60,420|14,447|74,867|49,814| |Charitable
activities||||||| |Research,
Exhibitions
and Education|||76,372|173,940|250,312|233,931| |Investment
income||||||| |Total|||136,796|188,387|325,183|283,745| |EXPENDITURE ON||||||| |Charitable
activities||||||| |Research,
Exhibitions
and Education
NET INCOME/(EXPENDITURE)|||99,346
37,450|156,695
31,692|256,041
69,142|304,253
(20,508)| |Transfers
between funds||17|2,183|(2,183)||| |Net movement
in funds|||39,633|29,509|69,142|(20,508)| |RECONCILIATION
OF FUNDS||||||| |Total funds brought
forward|||163,515|3,920|167,435|187,943| |TOTAL FUNDS CARRIED FORWARD|||203,148|33,429|236,577|167,435| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |DONATIONS
AND LEG|ACIES||||| |---|---|---|---|---|---| |Donations||||2022
E
74,867|2021
f
49,814| |INVESTMENT INCOME|||||| |||||2022|2021| |Deposit account interest||||6
4|F| |All investment
income is|dedived
from|assets held|in the United
Kingdom.||| |INCOME FROM CHARITABLE ACTIVITIES|||||| |EU and UK Projects
E80 Delivery
Grants
Miscellaneous
Exhibition
Admission|Activity
Research,
Research,
Research,
Research,
Research,|Exhibitions
Exhibitions
Exhibitions
Exhibitions
Exhibitions|and Education
and Education
and Education
and Education
and Education|2022
E
199,702
1,575
31,709
2,864
14,462|2021
f
128,571
2,630
101,741
989| |||||250,312|233,931| |Grants received,
included|in the above,|are as follows:|||| |||||2022|2021| |Job Retention
Scheme||||E|8| |||||31,709|101,741| ## ## ## ## ||||||Direct|Support|| |---|---|---|---|---|---|---|---| ||||||Costs (see|costs (see|| ||||||note 6)|note 7)|Totals| ||||||F|6|| |Research,|Exhibitions|||and Education|200,532|55,509|256,041| |DIRECT COSTS OF|||CHARITABLE ACTIVITIES||||| |||||||2022|2021| |Project time
Activities undertaken
Depreciation|||directly|||F
166,862
32,623
1,047|6
208,538
25,991
4,403| |||||||200,532|238,932| |SUPPORT|COSTS||||||| |||||||Governance|| ||||||Management|costs|Totals| ||||||6|E|| |Research,|Exhibitions|||and Education|50,388|5,121|55,509| |Support costs, included||||in the above, are as follows:|||| |Management|||||||| |||||||2022|2021| |||||||Research,|| |||||||Exhibitions|| |||||||and|Total| |||||||Education|activities| |||||||E|f| |Support costs||||||50,388|60,716| |Governance||costs|||||| |||||||2022|2021| |||||||Research,|| |||||||Exhibitions|| |||||||and|Total| |||||||Education|activities| |Governance||costs||||F
5,121|F
4,605| ## ## ## |||2022|2021| |---|---|---|---| |Depreciation
Independent|—owned assets
examiners'
fees|E
1,047
1,716|E
4,403
1,680| ## ## ## ## ## ## |||||Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| |||||funds
f|funds
E|fundsf| |INCOME|AND ENDOWMENTS||FROM|||| |Donations|and legacies|||49,814||49,814| |Charitable|activities|||||| |Research,|Exhibitions|and Education||51,246|182,685|233,931| |Total||||101,060|182,685|283,745| |EXPENDITURE ON||||||| |Charitable|activities|||||| |Research,
Exhibitions
and Education
NET INCOME/(EXPENDITURE)||||78,947
22,113|225,306
(42,621)|304,253
(20,508)| ## ## ## |NOTES TO THE FINANCIAL
STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022|NOTES TO THE FINANCIAL
STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022|NOTES TO THE FINANCIAL
STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022|NOTES TO THE FINANCIAL
STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022|| |---|---|---|---|---| |COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued||||| |||Unrestricted|Restricted|Total| |||funds
f|funds
f|funds
E| |Transfers
between|funds|(295)|295|| |Net movement
in funds||21,818|(42,326)|(20,508)| |RECONCILIATION|OF FUNDS|||| |Total funds brought forward||141,698|46,245|187,943| |TOTAL FUNDS CARRIED FORWARD||163,516|3,919|167,435| |TANGIBLE FIXEDASSETS||||| |||Plant and|Office|| |||machinery
E|equipment
f|Totals| |COST||||| |At 1 April 2021 and|31 March 2022|131,133|53,447|184,580| |DEPRECIATION||||| |At 1 April 2021||130,995|52,242|183,237| |Charge for year||138|909|1,047| |At 31 March 2022||131,133|53,151|184,284| |NET BOOK VALUE||||| |At 31 March 2022|||296|296| |At 31 March 2021||138|1,205|1,343| ## ## ## ## ## ## ## |Nature of|business:
Mari|time
archaeology|related activities||| |---|---|---|---|---|---| ||||'lo||| |Class ofshare|||holding||| |Ordinary|||100||| |||||2022|2021| |||||E|E| |Aggregate|capital and reserves|||15,711|11,227| |Profit for|the year|||54,484|32,558| |DEBTORS:AMOUNTS||FALLING DUE|WITHIN ONE YEAR||| |||||2022
f|2021
E| |Trade debtors||||48,765|900| |Amounts|owed by group|undertakings||119,630|129,239| |Other debtors||||77,403|29,578| |||||245,798|159,717| ## ## ## |||||||2022|2021| |---|---|---|---|---|---|---|---| |||||||6|| |Social security||and other taxes||||7,655|5,366| |Other creditors||||||5,665|8,136| |Accruals|and deferred|||income||39,675|81,789| |||||||52,995|95,291| |||||||2022|2021| |||||||F|F| |Brought|forward|||||81,789|40,000| |Amount|released||to incoming||resources|(81,789)|(30,000)| |Amount|deferred||in year|||39,675|71,789| |Carried|forward|||||39,675|81,789| ## ## |ANALY|SIS OF NET ASSETS|BETWEEN FUNDS|||| |---|---|---|---|---|---| |||||2022|2021| |||Unrestricted|Restricted|Total|Total| |||funds
F|funds
f|funds
f|funds
6| |Fixed assets||296||296|1,343| |Investments||2||2|2| |Current|assets|223,672|65,602|289,274|261,381| |Current|liabilities|(20,820)|(32,175)|(52,995)|(95,291)| |||203,150|33,427|236,577|167,435| ## |MOVEMENT
IN FUNDS|||||| |---|---|---|---|---|---| |||Net|Transfers||| |||movement|between||At| ||At 1.4.21|in funds|funds||31.3.22| ||6|F|6||6| |Unrestricted
funds|||||| |General fund|179,739|17,528|2,183||199,450| |E&O Unrestricted|3,605|95|||3,700| |Shipwreck
Museum|(19,829)|19,829|||| ||163,515|37,452|2,183||203,150| |Restricted funds|||||| |Bouldnor
Cliff|4,135|16,799|||20,934| |Western Solent|(3,809)|(1,764)|||(5,573)| |Waves of Change|13,025|(13,846)||821|| |SARCC|(26,881)|28,834|||1,953| |NAS Chesil Beach|3,415|(3,176)|(239)||| |D Day Walls|3,062|(1,940)|(1,122)||| |CMW Thorns Beach|1,000|3,340|||4,340| |Rising from the Depths||860|||860| |SWC Submarines|9,500|(9,123)|(377)||| |GWreck|473|(1,400)||927|| |Mayflower 400||2,193|(2,193)||| |Unpath
project||13,727|||13,727| |Fathoming
the future||(709)|||(709)| |Agamemnon||(2,105)|||(2,105)| ||3,920|31,690|(2,|183)|33,427| |TOTAL FUNDS|167,435|69,142|||236,577| ## ## |Net movement
in funds,
included
in the ab|ove are as follows||| |---|---|---|---| ||Incoming|Resources|Movement| ||resources|expended|in funds| |||6|6| |Unrestricted
funds|||| |General
fund|66,368|(48,840)|17,528| |E80 Unrestricted|95||95| |Shipwreck
Museum|70,334|(50,505)|19,829| ||136,797|(99,345)|37,452| |Restricted funds|||| |Bouldnor
Cliff|26,000|(9,201)|16,799| |Western Solent|13,945|(15,709)|(1,764)| |Waves of Change
SARCC|117,294|(13,846)
(88,460)|(13,846)
28,834| |NAS Chesil Beach||(3,176)|(3,176)| |D Day Walls
CMW Thorns Beach|8,660
5,500|(10,600)
(2,160)|(1,940)
3,340| |Rising from the Depths
SWC Submarines|860|(9,123)|860
(9,123)| |G Wreck
Mayflower 400
Unpath
project
Fathoming
the future
Agamemnon|2,400
13,727|(1,400)
(207)
(709)
(2,105)|(1,400)
2,193
13,727
(709)
(2,105)| ||188,386|(156,696)|31,690| |TOTAL FUNDS|325,183|(256,041)|69,142| ## ## ## |Comparatives
for movemen|t
in fun|ds||||| |---|---|---|---|---|---|---| |||||Net|Transfers|| |||||movement|between|At| ||||At 1.4.20|in funds|funds|31.3.21| ||||E|6|E|| |Unrestricted
funds||||||| |General
fund|||133,998|46,036|(295)|179,739| |E&0Unrestricted|||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 of Change|||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| |Comparative
net movement|in funds,|included|in the above|are as follows:||| |||||Incoming|Resources|Movement| |||||resources|expended|in funds| |||||6||F| |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)| ## ## ## ## ## ## ## ## ## |Limited, a 100%owned su|bsidiary
u|ndert|aking
of|the charity.|||| |---|---|---|---|---|---|---|---| |||||||2022|2021| |||||||F|F| |Recharges to Maritime Archaeology||Limited||||104,209|80,584| |Purchases||||||14,010|13,865| |Donation||||||43,915|30,468| |At the balance sheet date|the following||balances|were outstanding|between|the charitable|compa| |and Maritime Archaeology|Limited.||||||| |||||||2022|2021| |||||||F|E| |Debtor||||||119,630|129,239| |Creditor|||||||2,160| ## ##