2020-12-31-accounts

REGISTERED CHARIIY NUMBER: SC016646 R¢port tsfthe Tru￿rts FiJiAlltAal Stxtewttti$ ftsr tbe Ye*r Ended JI Deetmber 2020 The TrlvnoThtithm TThst Dougl&s Homt & Co Ud Siaiulory Audj'ror 47-49 The Square K¢lso Roxburghshirc TD5 7HW

Tht TrirnoDtium Trust Contents of th¢ FinaD¢ial Si#tements for iht YtAr EDded 31 Dectjnber 2020 P#ge Reference and AdmiDislrAtiv¢ Drf•ll8 Report of the Trustees Report of th¢ IndepeThd¢ni A￿dItO Sfattment of FIDnelal ActiTr4tk5 Balamet Sbeet C•$h Flo SitemeDI Nottt to tht Csh b-low Statenh¢Tri Notes to th¢ Flu￿11 Siatemetttl 10 to IB Ddgll¢d S¢8t¢meot of Attivi¢is 19 10 20

The Triutontium Trust RefereDte aDd Admittlstriive Dttll$ for the Y¢*r Ended 31 December 2020 TRUSTEES EX OFFICIO TRUSTEES REGISTERED OFFICE Ststion Cortage Boleside (ialashiels TDI 3NL REGIS'I'ERED CHARITY NIIMBER SC016646 AUDITORS Dou8las Home & Co Lid Statuiory AudiioT 4749 The Square Kelso Roxburghshire TD5 714W Page I

The Trimontium Trust Report of ihe Tru$ie¢s for the Y¢aT End¢d 31 Dt¢¢mber 21120 The tTU¥tCCs pTesenl their report with ihe financial 5wetnent5 of rhe eharbty for the year ended 31 December 2020. The trl￿tteS have adopted the PTovisions Of Accounting and Reportin8 by Charities.. Siattm¢nt of R¢¢omm¢nded Procti¢¢ applicable to charitles preparing their ac£ounls in accordance with th¢ Fittattcial Repx)rting Siandarrated A&vKialion. which exists lo advance the education of the publi¢ ihorough the conservation and developmenl of the Roman rernain5 at News1¢ad and aniiquitic5 assoclatcd ¢herewilh' as laid (iu¢ in the Trnsi Deed of1995. Slgnrficant actlvltle5 Maintenance and development of our Museum. thireach io local communities and school& with eonlinued delivery of local and regional le¢lures, and associated cducatsonal ￿liVi11¢S. Activiiies also have a health and wellbeing emph￿IS including walks and fjeldwork. The Trust is embarking on an ambitious project io redevelop ihe museum in Melrose. This ￿11 significently extend the exhibition spa¢e and vpgrade Il 10 a level expe¢ied by Current hudiences. We also plan io si8nificanily grow our visil(?r numbers and improve the visitor experience. It is our ultima inientitsn, once the new rnuseum has b¢¢n Complet￿ to create a multi use education #rea lo ihc rear of the existing PTernLses. ACHIEVEMENT AND PERFORMAfCE Review of Aetivitks I'he last year has been mementous in many ways for Iht Trusl. The old museum closed and mos¢ artefa¢ls w¢re transf¢rr¢d to ¢he Nation￿ Mus¢um for safekeeping. A iempornry home was created * Abbey House. MelTose, to display the small residue of the Tntsi's own a)IItCliot) and ￿ maintsin a presence in ihe iown during the development PCTiod. The irnpact of COVJD however w8$ immense, necessitsting the severe cunailmeni ofthe 2020 season. In 2020, th¢ Inus¢um wos only 8bl¢ io open for 9 weeks ou¢ ora projected 31 wi¢h signifi¢oni re51riC¢iQnS. Ilowever, be￿U5¢ of the volume of work reled 10 Ihe museum redevelopment we look the dccision not 10 furlough our two siaff (Heriiage Resources Developmeni OfficeT and VolunieeT Coordina¢oTI. This has Proven beneficial since rnosi of the background WOTk has now been ￿Mpleted on ￿hedUle and dtspitc lockdowns ihe whole proj¢ct including ¢apita] works is only delayed only by approximaiely four week5. We iniend io 'soft' open the new museum in ewly Aygust 2021. FINANCIAL REVIEW FlnAncial p05ltion The overall financial position of th¢ Trust remains h¢al¢hy d¢spii¢ re¢eni even15. Thi5 yeavs è¢coun15 however, are very diffcrcnt from previous years. Thc m￿n factor is the lurnov¢r ex¢e¢ding £5(K),000, virtually atl of which is due to grani drawdowns for lh¢ new museum. This volume has resulted in ihe legal reqU1￿meN1 for an audit. The notmal ]Eporling for tht Mu.%eum's activitics $hows a larg¢ dtxrease in Lctivity as the Museurn was closed for m05t of the year. The majoniy of th¢ T¢POrting refle¢ts ihe Renovation Projec(. The figures are spli¢ into UnTestTlCted Funds for the general running costs and Reri¢ied Funds for the Renovalion. The gtants rcreivcd COVCT the Tclaled expendtture with the unspent value being carried forward 10 2021. Reserves poll¢y Sintt we are movin8 10 a new m(¥Jd for thc Museum with paid staff. the Trust inttnds to dtv¢lop a R¢5erves PolLCy. F'UTURL PLANS In the short-lcrm, thc Trust plans to ￿￿talise the musettm by complding the Renovation Proje¢r in a iimely fashion and by updating its hcritage otreriDg atMI extending museum access. The numb¢r of volun¢¢er SMIT will b¢ significantly increased and the museum's r¢tail offering will b¢ transforni¢d. Mtheiing will intensify overthe lltxt tsvelve fftonihs. In the medium terni, the Tn￿t inr¢nd5 10 utilise ihe space * ihe rear of the building to CTeate a tWO-Story extension which will 2et as 8 foc￿5 forour txlcnded educ2tlDna] otyering and wsi¢orcxpetie•re. The Trnst also intends io expand Ets ouireach programme to include more of the rich ITOn Age heritage of the area. Page 2

The Trimontium Trust Report of the Trllstees for ih¢ l'ear Ended 31 Dec¢Dkb¢r 2020 Covid Mitl8atlOD In view of the protracted ¢ffecl of the pandemie. the TTUSI is Teviewing its business and marketing plans io iailor its activities and wsts to a possibly significantly reduced n￿rnber of paying vi51tOT5. The Trust 15 activcly seeking gnnt assistanc¢ to mainiain its activities al a level as neaT normal as ￿$$Ible. The TTUSi is also taking 5tep$ 10 Inirodllce physical and organisational measu¥es in Ihe ntw museum and in its outreach activitie5 to allow these to remain open {wilhin Governmertl guidelJn¢s) and produce the best possible return for the TTUSt. s"rRUCTiIRQ GOVERNANCE AND MANAGEMENT Governing document The Trirnontiurn Museum Trust is a charitable Uninco￿)0￿ltd Associaiyon. the object of which is Yhe advancement of the education of the public through conscTvaiion and dcvclopmcnt of ihc Roman rernains at Ncwstead and antiquities associai¢d therewith, as laid out in OUT TTUSI Deed of 1995. As pan of a Constitutional rewew, ¢8talys¢d by MGS {Museums and Galleries S¢oiland) m¢ntorship, a new governin8 document has been drawn up with a view to transfonnalion 10 a SCIO. STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees are rcsw)n8ibl¢ (OT preparing ihe R¢pon of the Twmees and Ihe financial ￿oI¢m¢￿tS in ac£¢Tdèncc with applicoble law and Uniied Kingdom Accouniing Standards (ljnited Kingdom Generally Ac¢epi¢d Accounting Proclic¢l including Financial Reporting Standard 102'The Fin8n¢ial Rcporthng Siindard applicable in ihe UK and Kepublic of Ireland. Thc law appli£ablc lo chaTItiC5 in Scoiland. thc ChaTitle5 and Tru51ee Invesimenl IS¢otlAndi Aci 2005, Charitie5 Accounts {Stotlandl Re8ulalions 2006 {a5 amend¢dl and Ihe provisions of Ihe charity's consiiiuiion, requires th¢ trust¢e$ lo pr¢par¢ financial $iatemtnts for e4ch financi81 year which wve & Inje and fair view of ¢he slate of affairs of the chaTIty And of the ineomin8 rtSOUTces and application of Tesourees. includins the income and expenditure, of the charity for thai period. In pr¢wn8 ihose fJnancio1 5tatem¢nis, the TruKees are required 10 select suitable a¢coLkniinB policies and then apply them consistrnily; obxrve the methods and principles in the Charily SORTr: makc judgemenls and t￿lma1￿ that are reasonoble 8nd pnjdenl; prepare the flnancial staiements on ¢h¢ going ¢on¢¢rn basis Jnless il is in4ppropriatt lo presume that the choTIty will continuc in business The trustees are resyonsible for kttping proper a¢couniing records which disclose wi¢h Te4sonablc aceuraey at 2ny time the financial p0511ion of the ¢haTlty and to enable ¢hem 10 ensure ihai ihe financial $18iements ¢omply with th¢ Charilies and 'frustet Invt51ment (S<oilandl Act 2005. Charities Accounts {Scoil¥ndl RcgtslAii()ns 2006 {&s amendcdl and the provisions of the cha2rty's constilulion. They are also responsible for safeguarding the assas of the chdrity and henee for tAkin8 reasonable steps for Ihe prevetttion and detcction of fraud and othei irregularities. Approved by order of tht board of iThsttts on.. and signed on its behalf by.. Page 3

Report of the ladepelldeDt Auditors to ttse Tru5ttts of The Trimotium Trust Opilliom We havc auditrd finaTKi81 statements of Thc Tritnontium TTUSt (the 'chtiTtty) foi the yearended 31 De¢ember 2020 which comprise the Sraremeni of FItW￿la] A¢tivitses. the Statement of Financial Position and n￿¢$ ￿ the fina￿la1 ststemenLS. including a summry of sign5fi¢ant ac¢ounting poli¢iu. The financtal reporting framework that has been applied in tha'r preparation is applicable law at)d Uniied Kingdom Accounting SratKiards IUNted Ks"ngdom Gerrnlly Acewed Acu>untin8 Practice). includin8 Financial Reporting StsndaFd 102 The FIn￿Kiar Reporting Standard applicable in the UK and Rqwblic of treland,. In ouropinion the financial 5taterncnts: give & truc and fair view (bf the state of the clwiws affaits 8s at 31 De¢ernber 2020 and of its incomiiig r¢source$ an&pplication of resources, for the yeaF then end¢d' have been properly preFMred in accordance with Unitrd Ktngdom Genernlly A¢c¢pted Accounting Practiet. includitig Financial R¢porting Ststhrd 102 Tr Financial R¢porting sta￿rd applicable in the and Republac of Ir¢land and have been prepared in a¢corthn¢e with tl rtquirrments of the ChaTiti&$ fntstee Invtsth)ent (scotla￿1) Act 21N)5 And RegLtlition 8 of the Chan'ttes Accounts {Scoi18nd) Regul81ions 2￿6. B#$l$ for •pAnlo We condutied OUT audil in accoTdance with Inmational Stsndards OT) Auditing {UK) (ISAS (IJK)18nd applicablc law.

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bc matrI]￿lY misstatrd. If we identify such m&knal in¢onsislencies or apparent material rnisststemcnts. we arc requirtd to detern)rne whether thcrr 15 a m8trri81 mi55tstenxnt in the financial 5talcrnents or a matetia] missthtemcni of the Jnfom)atson. If, bgstd (m th¢ WO￿ we havc rKrforryKd, we conclude ihat Is a mateTi81 miss#￿Me￿I of this other infomi&tioJL we are required to report fact. We h&ve noth]"ng ¢0 in this Tegard. M•tttr$ on whitb we 4re reqttlrtd to rnport by exteptio We have nothing 10 report in rtspeci of thc following rnatteJ5 WI￿re c￿ntic$ Accounts {Sc4)il¥nd) Re8ulatiolls 2006 requires us to rewrt lo yi)u if. in ouropinton.. th¢ inforn)ation given in the Re[￿ of the TA￿tee% is incoTr%tstent in any Tnaterial resp￿ wÈth the finan¢io1 statelnents; or proper accounting reconts have TY)t ixeD kepl or the finoncia] star•nents are in ag1ten￿l with tk accounting rttords and rcbJrn5; or we have not rtt¢ived all the inf0m￿tion atml cxplanation5 we reqwre forouraudiL Page 4

Report of tbr lttdeptndent.4udi¢oT5 to the Trn5tees of TbE Trirnoniium Trn$t Responsibiltties of trM5ttcs As thTrlainEd mDre fullv in the %wem&)t of TnI￿¢t$' Re¥￿￿1b1lltsts. the ttlLtr5 8Je re4y)Dsible for the preparation of the tllmncial stal¢Tr￿lS i%hich aThJ fair vicw. d liJr suth control as the trustees detennine i neLessat) to thablt the preparnt1￿ of f￿ar￿1a1 s￿¢m￿lS #Je rrte fmm material mi551ateTnetJL ivhcther due to Iiaud or ¢tTOr. In prep4ving lh¢ fmcial 5uemenL%, Ihe in￿¢¢5 8T¢ Twthtsibk for J5S¢55irJg the abiliN io tontiftue ay a goiiFg collcem, disc1051￿ as arolicablq munus fL48ied ￿ EOiTE concern and using the 2ouig Concern ba¥1¥ (Il. a¢couniingy unltss th¢ tythstees either tntcnd ￿ liquid charity or w ¢e8s¢ operaiion& or have no reall￿1£ aliemoiiv? buT 10 do so. ur reJpDxsibtlities for the audit oftht finantilstst¢TDents We haNe been apwiotcd as audiiors undtr 44IIXcl of Iht Cthariiias and TnL%le InvcsThent I%¢otlat￿I Act 21M15 and report in a¢¢ordan¢e th¢ Ad aDd relD7Dr rEgulitions made orknvingefftu thercundcr. ()ur (JTrj¢clii'es lo oitsin reasrmable thmn whetr¢r the fyjancia) st)(¢m¢rts a wholE Ir¥ fr¢L from maierial mi8sthiemeni, iyhether due TO fraud aod io iw a R¢pK¢ of ￿ Ind¢pend￿l Audiiots ihui indud¢$ our tspinion. R¢&wfiabl¢ ￿9)ranct is a high level ijf 8ssurw, bui is noi a gu)rnnite Ehai an audir ¢CJnducred in aci0rda￿le ivith ISAS IIIK) ii'ill Jliluys ddeti a matuiay thiss¢8i¢meiii u'hen 51 exis￿. h11s￿￿ementS Can arise from IrJud or error and art ¢on5idered material if. indii'idwlly or in the aggre￿¢. thcy could rus()ntsbl> he eypect¢d to i¥JtIuLmLL the teonomic deci5ioThs of user5 tsken M the 18i% ofthese t1[￿￿¢1￿ A ￿rther des¢ripTion of our NssX)tLsibiliii¢s for Ihe audii of the riDancI￿ statemthts is lecrA1 on thc Financial Reporing C'ouncil's w¢bsii¢ at iwW.fLiYR.ukna)vth￿ye¥WihilIu¢& This dcxrimion forn)s w ofuyi. Reptsrt or lh¢ Inde￿nde￿i AudilOTS. Ilxe ofour report This report is In)de snlil). lo Ihe LhariTh s Irt￿¢￿ )$ a IMMJY. in ivith Regulaiion l O of ihe C'harstic% ALLoiirtts 14coilandl Resulations 2LKb. (hjr I￿11[ work bcen vr￿ert￿kl￿ 80 thai ive rnighi wie ict The ¢hoTitv's IrusiL'l matiern ive arc rcquirul 10 swc lo th£m in an audi10￿, rryyxt and for no oihtt puryos¢. To th¢ fvllcsi ILni ptnnitt¢d hy law, do ofrt ￿￿￿¢ reswn5ibiliij iu anliorte oth¢r ihan ik chtirif) thL' ch&ity'S InlSlL'S as o bod>. forour audit forihis rEPD¢ or forthe opinion5 ive have fonned. ljlulvry Auditor ligiblr ¢v #CL as an wdilor intemis ofseaion 121? ol'the Lompanies Aa 2￿6 47J9 The square TI)5 711W Page S

The Trfmontium Trnit St#leTheDt of FiniTrcial A¢tivitie5 for the Year Ended 31 December 20211 31112120 TDtsI funds 31112119 Total funds Unresiriaed nd Rewi¢i funds No JNCOME AND ENDOWMETrTS FROM Donètions and legacies 42.494 541.242 583.736 103,545 Ch#ritAble Activities Museum 3.358 3,358 10,087 Other ITadin8 a¢tiviti¢s Investment incom¢ h¢r in¢om¢ 107 92 77 76 77 502 426 Totil 46.(￿5 541.668 587.673 113.831 EXPENDITURE ON Ralsing fllnds Oth¢r Ir4ding acliviii¢5 667 1,645 1,645 667 ChArltable •ttlvliks Museum 18.31XJ 56.169 74.469 30.073 Total 19,945 56.169 76.114 30,740 NET INCOME 26,060 485,499 511,559 83.091 RECONCILIATION OF FUNDS Totl funds brought forw*rd 66.182 81,914 148,096 65,005 TOTAL FUNDS CARRIED FORWARD 567413 659 655 Th¢ notes forn part of these ffnancial statements Page 6

Tbe I rimontiuffj Tnrst Bln¢e She 31 Decernbtr 2020 31112120 Toi&l funds 31112119 Toial funds unre￿ricted fund Re5tricitd funds Note5 FIXED ASSETS I'angible as5et5 13 3.039 385,645 388.684 58,502 CURRENT ASSETS Stocks Debiors Cash ai baak and in hand 14 15 l.l70 1,170 104.107 183 685 1,170 17,051 104.107 85.957 98.898 190,064 288,962 89,594 CREDITORS Amounts falling due within one year 16 (9.695) 18,296) 117.9911 NET CURREYT ASSETS 89 181768 270 971 TOTAL ASSE'fs LESS CURRETr4T LIABILITIES 92.242 567.413 659,655 148,096 NET ASSETS 567413 659655 FUNDS Unrestricted fvnds Restricted funds 17 92,242 567413 66,182 TOTAL FUNDS 659 655 The fjnancial statements were approved by ihe Board of TNMe¢s and authorised for issue on were s1￿C￿J on 1¢$ behalf by: The notL4 fornj part of these financiat statejnents Page 7 continued...

The TrinJDntiuDk Trust Csb Flow Statement for the Ye•r ELd¢d 31 Dete￿ber 2020 31112120 31112119 Notes CAsh flows from oper#tiDg Acti￿11e Cash genuatcd from opcrdtions 442.648 126513 Net cash provideld by operating a¢tiYities 126 S13 Cash flows from iDveytlll8 Activitie# Purchas¢ of tangible fixcd assets Interest received {330.4131 77 (55,2321 92 Net eash used in investing aciiviibes 330 55 1401 Ch&Dge in ea$h #nd tash equlvalents S the reporting perlod Ciab vlnd esh equlvgleDIs 1 ihe beginDing of tbe reportlD# Ptf lod 112,312 71,373 Cash and cash equil'alents fit tht tnd of the reportinR ptriod 183685 Thc tknrt¢s fomi part of these ftnancia] slaicmenis Page

The Trlmontivm Trust Notes to ¢b¢ Cg$h Flow St•teMe￿I for the Ytxr Emded 31 DectmbeT 202(b RECONCILIATIOFY OF NET INCOME TO NET CASH FLOW FROM OPE1i4TING AcfiviTIES 31112120 et Incorne for tbt reportlttg perlDd (as per tht Staiemeni of FinaDtial A¢¢ivitÉesl Adjustthtnls for: Depreciation charyes Intere51 reccived 511,559 83.091 231 (771 330 1921 61,405 (1.170) (17,051) In¢Te8% in stwks In¢r¢2se in debiors In¢r¢as¢ in creAlttOTS (87.0561 Net eA$h provlded by operatlous 442.648 126 513 ANALYSIS OF CHANGES IN NET FUNDS Ai 111120 Cash flow At31112120 Nel t46h Caqh ai bank and in hand 112 312 183 685 112 312 183 685 To¢•1 112 312 183 685 The note5 forrn parf of these financial statements Pa8c 9

The Trimontiuftn Trlls( Notes to the FinaDCT81 SialemeDts for the Year Ended 31 Decewbtr 21120 ACCOUNTING POLICIES Basis of preparing the finAnci•l statements The finaneial stattmenis of iht charitable ¢ompany which is a public benefit en(Èty under FRS 102, have been prepared in accordance with the Charities SOBP IFRS 102)'A¢counting and Reporting by Chartties.. Statement of Recommended Prartice applicable to ¢hari¢ics preparing their accounts in accordance with the Financial Reporting Sthndord applicable in ihe UK and Republic of Ireland (FRS 102) letfective l January 2019),, Financial Reponing Siandard 102 The Financial Reporting Standard appli¢abl¢ in th¢ UK and Republic of Ireland, and the Companies Act 2(M)6. The financial siaiements have be¢tJ prepar¢d under rhe historical cost convention. Ineome All incorne is recognised in ihe Si8iemeDI of Financial A¢tivilie$ oncc ihc charity ha5 cnlitlerncnt to the fund5. it is probable that ihc incom¢ will be received and ihe amount be mvdSUTed reliably. EKpendliu Liabilities are rttognised as expenditure as S(￿n as thert 15 a legal or conmciive obligation commiiting the charily to that vxpendilurt, il is Probable thal a trdnsfer of economic benefjls will be required in S¢lllement ond Ihe amount of the obligaiion can bc measured reliably. Expenditure is accounied for on an accruals basis and has bttn classifE¢d under headings that aggregate ¥ll cost r¢lar¢d io ihe caiegory. Where costs cannoi be th"reclly attributed io particular headin85 they h3ve been allocated io aciiviiies ot) a basis ￿n$1￿¢￿I with the use of resouTCe$. T•n8lbl¢ fix¢d 96xts l)¢preciaiion is provided at ihe following annual rates itt order to wri off eaeh over its estimated useful Plant and mxhinery 30Y• on reducin8 balanee Stoek8 Stocks are valued at the lower of cost and net re•lisablc valu< after m8kiThg due ailowan¢e for obsolete and Slow moving items. TxAtIoD The charily is excmpt from CO￿OnI10n tax on its ¢harit8ble ￿1)VIll¢s. Fund accounting Unrtstricltd funds can be used in accordance wilh Ihe chatithble ObJ￿1veS at the discretion of the trustees. Rt%thcttd funds can only be fDr particular re￿ri￿ed purposes within the objttts of the charity. Restrictions anse when spe¢ified by the donor or when fund5 arc raised foT parricular re￿rIcted purposes. Funher explana(ion of the naiure and of each fund is includd in th¢ not¢s to the fin8n¢ial st¢m¢n¢s. Page 10 ¢ontinu&l..

The TrimoDtium T￿51 Notes to tbe Fin*nci81 StAtemen¢s- contillued for the Year Ettdtd 31 Detethber 2020 DONATIONS ATrqD LEGACIES 3 1112120 31112119 DonatLOTSS Grants 29.822 553 914 58,420 583 736 103 545 OTHER TRADING ACTIVITIES 31112120 31112119 Shop income 107 INVEsfMENT LNCOME 31112120 31112119 Deposit account interest Lnvtslment incorne 13 33 59 77 92 INCOME FROM CHARJTABLE ACTIVITIES 3111 Y20 31112119 Activity m￿￿Um Museum Muscum Mu8cum Admission fees Membership ftts Walks Schools 1,913 1,445 7,591 1,634 476 386 OTIIER TRADING ACTIVITIES 31112120 31112119 Purchases 667 Pagell continued...

The TrimoDtium Trust Noie5 to the FI￿￿£1%1 State￿¢￿t$- ¢ootiMued ror tbÈ I'ar Euded JI Decenjber 2020 CHARITABLE ACTIVITIES COSTS Support Costs {see Dole 8) Direct Costs Totals Museum SUPPORT COSTS Governance eosls Managcmcnl Tolals Museum Supporf ¢0514 iDclu4ed in Ib¢ ¥bov< are as follows.. 3111Y20 31112119 ToLal ctivili¢5 Museum Fundrdl$lng Advertisin8 Web5lte Telephone PosiiBt und stationery Tr2VtI Sundries Subscriptions PTofessionaJ fee3 Depreciation of iaTr8ible and heritage assets Auditors, rernuneration Bookktepin8 Accouniart¢y 11.21X) 791 6,801 1.200 1,265 322 17,905 99 831 3,229 1.212 780 459 231 3.9(K) 3.804 390 330 NET IliCOMEI(EXPEliDITURE) Nct incomeJ(expcnditure) is ￿#ted aller chawnW(uediiing)- 31112120 31112119 Audstor r¢muR¢ralion DeP￿tiatIon- owned astsets 3.900 231 330 Page 12 colltiDucd...

Tb¢ Trimontiurn Trust Notes io tbt FiD*tttlxl Stxttmetsts- for the l'ear E￿ded 31 December 2020 io. TRUSTEES, REMU￿ERAT1oN AND BEWEFITS There were J)0 InJstees' iemuneTation or other benefits for the y¢8r ¢nd¢d 31 Dttember 2020 nor foT the yeai ended 31 Decembcr 2019. Tru5tees' txpen5es There ww¢ no irustees. expenses paid for the yedr ended 31 December 2020 nor for the ycar ended 31 De¢¢mbcr 2019. STAFF COSTS 31112120 31112119 Wages and SaI￿leS The avcra8e monthly number of employees during the year was as follow$'. 31112120 31112119 Average numixr of employees No ¢mploye¢s Teceived emolumenis in exctss of £60.(￿. 12. COMPARATIVES FOR TIIF. STATEMENT OF FINANCIAL ACTIVITIES unre51nc￿J fund Restricied funds Total funds INCOME AND ENDOWMENTS FROM Donation5 and legacies 1.149 102,396 103,545 ChArl¢•bl¢ •¢tlvltks Museum 10.087 10,087 Other trading a¢tsviti¢s Inv¢sun¢ni it)¢ome 107 92 107 92 Total 11,435 102,396 113,831 EXPE,NDITURE ON Rahslng funds OtheT trdding actSViIi¢S 667 667 667 Charitable #etivities Museum 7,283 22.790 30,073 Totsl 7.950 22.7g) 30.740 NET INCOMK 3.485 79,6( 83,091 Page 13 continued,-,

The TrimoDtivm Trust oles to Ihe Fillot541 SttemeNl$~ Coutinued fOT the Year Ended 31 Dtcember 2020 12. COMPAk4TJVES FOR THE STATEMEF¥T OF FINANCIAL ACTIVITIES. ¢ontillu¢d UnresiricleA£ fund Rtsiricted funds Total funds RECONCILIATIO.Y OF FUNDS Total funds brought forward 62.697 2.308 65.(K)5 TOTAL FUNDS CARRIED FORWARD 13. TANc￿[BLE FIXF.D ASSETS L¢ashold Plant and improvemen¢S machinery Totals COST Al l January 2020 AddilioDs 55.232 330413 6,631 61.863 330413 Ai 31 December 2020 392 276 DEPRECIA TION At l January 2020 Charge for year 3.361 231 3,361 231 Al 31 fketmber 2020 T BOOK VAI.UE Ai 31 D¢¢ember 2020 388 684 At 31 DecembeT 2019 No depie¢iation is chfftrged on Asseis Under Con5truciion included within Leasehold improv¢ment5. STOCKS 14. 31112120 31112119 Stocks IS. DEBTORS: AMOUNTS FALLING DUE WITHIN OliE YEAR 31112120 31112119 Other debtors Page 14 continued...

The Tri￿O￿ti￿￿ Trust Notu io ihe FiNaDci%I Statemtnt$- Continued for the Year E￿ded 31 Dteejuber 2020 16. CREDITORS: ANIOUNTS FALLING DUE WITHIN ONE YEAR 31112120 31112119 Trade ¢reditOTS Social SCCUTity and oiher laxc5 Accrued expenses 9.309 714 17. MOVEMEf4T IN FUNDS movement in fvnds At 31112120 Ai 111120 UDre5trltted funds General fund 66.182 26,060 92242 Re5trlcted fund5 Young Archaeologi￿$ Bumswark Renovation Projeet 306 2,002 306 3.076 5,078 562 029 482 423 81,914 485 499 41 TOTAL FUNDS 511559 659 655 Ne¢ movemeni in fvnds, ineluded in the above are as follows= Incomin8 rtsour¢es ResDUTces expendeAI Movernent in funds UnrestTlCted funds Getset￿ fund 46.(￿5 119,945) 26.060 Restrkted funds Burn5wark 3.076 538 592 3.076 482 423 Renovation Projcct 56 169) 485 499 TOTAL FUiYDS 587 673 76 114) 511559 Page15 continued...

Tbe TrImontill￿ TTliSt Notes to the Finatt¢i#l StotemeNt$. tontinued for tbt Year Ende4J 31 Dectrnber 2020 17. MOVEMENT IY FUP¥DS- fontiThued CoRup4r•tiv¢$ for moyethent iu funds Nd rnovtmeajt in funds At 31112119 Ai 111119 Unrestricted funds G¢n¢rdl fund 62,697 3,485 66,182 R¢$tri¢¢ed futtd$ Young ATeha¢olo8)s Burnswark 306 306 2.002 2,002 R¢nov8lion Project 2J08 TOTAL FUNDS Comparative net movement in funds, in¢luded in The above are &$ follows.. Incoming resources R¢souTceb ¢xpend¢d Movemeni in funds UnrestrSe¢ed funds Gener81 fund 11,435 (7,950) 3,485 Restrlcted fundi Renovaiion Projeci 102.396 122,790) 79,606 TOTAL FUNDS Page 16 continued...

The TrimoNtiuzn Trnst Notes ¢0 tht Fin￿¢1￿1 SttemeDts- tO￿lIn￿ed for the Year Ended 31 Drfewber 2020 17. MOVEMENT I1% FUNDS- coDtiDued A curreni year 12 months and prior year 12 months Com￿"Thed position is as follows.. Nei ovemcnl in funds At 3 1112120 Al 111119 Unrestricted fund$ General fund 62.697 29,545 92,242 Resirieted funds Young Arrhaculo8ists Burnswark 306 306 1002 3.076 562 029 5.078 562 029 Renovation Proj¢¢t 2,308 565 105 567413 TOTAL FUNDS 65,￿5 594 650 659 655 A Current year 12 months and prior yew 12 months c¢)mbiJKd nel movement in fund% included in the above ire as follows.. Incoming resources R¢wuTC¢S expcnd¢d Movem¢nl in funds Unr¢$tTlded futtd$ General fund 57,440 {27,895) 29,545 Restricted fuDds Burnswark 3.076 3.076 562 029 Renovation Proje¢i 78 959) 565 105 TOTAL FUNDS 594 650 RMtrl¢ted FuDds Young Archaeologist - There was no n]ovcrnent on this fund during the year with the Closing balance being rcpresentcd by £306 cash ai bank. Burnswark- Income of £3,076 was received during thc year incllldin8 £2650 of grant ittcome from IYi)llTnongers Association towards report pjyration. There was no expenditure incurred durÈng ihe year wqth thc closing balance r¢prtsen(￿ by £5.078 cash at bank. Renovation Project - This projecl w&s sel up for ihc Musrum renovatEOJ) with £79,606 of funds being ¢arried forword from thc pievious year. Grants of £538,592 were receaved in the year as follow5.' Page 17 continued...

The Trimontium Trust Oits to the Financial Stitements. tontinued for tbe Year Ended 31 December 2020 17. MOVEMENT Ih. FiINDS- continued £279,869 - Souih of Scotland Economic Pannership £20,000- Foyle Fo￿ndatiOn £35.0(KJ- Garfield W¢ston £35,190- MGS Revenu¢ expenditurc of £56,169 Iw&5 incurred during the year and capital cxpendin]re of £330,413 incurred. Th¢ closing balance on ihe fund is repiesented by £385.645 of Fixed Assas, £104.107 of D¢biors, £80,573 Cash at Bank and {£8.296) ofcuTTeni Liabiltties. 18. RELATED PARTY DISCLOSVRKS There were no related pty trangction$ for ihe year ended 31 DecembeT 2020. Pagt 18

The TrimoDtium Trust Dela￿ed Stalemeni of Finanti#l ActiN￿lIeS for tbe YeAT Ended 31 Deceml>er 2020 31112120 Total funds 31112119 UnTestricied fund5 Restrie¢¢d funds funds INCOME AND ENDOWMENTS DoD3tiOD5 Amd legatles Donations GTani$ 29.821 29.822 553 914 58.420 541241 42,494 541,242 583.736 103,545 Other trading Itti￿ties Shop income 107 Inv¢stmeDi incotn¢ D¢posit a¢couni Inieres( Investment Intome 13 13 33 59 77 77 92 Cbarltable Act1￿15 Admission fe¢ Mernb¢rship fees Walks Schools 1,913 ,445 1.913 1.445 7,591 1,634 476 386 3,358 10,087 Other Income Sundry income 76 426 502 Tot*1 In¢oming resoure 46.005 541.(O8 587,673 EXPENDITURE Other tradin8 Attlvltles Souvenir5 1.645 1,645 667 Ch•rliabl¢ 4ell￿tI Wage5 Insurance Repairs and mainten4n¢¢ Emolumen¢s Rent Narrntion Roomslcoachesryalks 34,024 34,024 607 3,015 607 1,830 468 1,185 40 1.31X) ijoo 291 291 500 764 2.728 36,5(Yg 39,237 1,772 Support tost8 This page dots fotm part of rhe statulory financial &tstements Page 19

'I'he Trbinontium Trust Detailed Statement ol fvinantial Activitie5 ror the l ear Endtd 31 Dt¢ember 20?0 -IIJ12DO Total funds Unrestricted fund5 RestriciEd funds Toial funds upport costs Iaiiagcment 11.200 791 6.801 1,200 ,265 17.905 A(IverEsing Wrbsiie .1 ¢lephone l)usl¢i&pe and siaiiun¢ry I ra¥el 791 6.801 1.265 322 Sub5criplions Pi'oftssional fees Plani and machinery 780 780 459 231 390 459 4.4YO 19.660 24.150 28.301 lJov¢rhn¢e ¢osis .4udii(11'5' remuneration t4ookkeepinB Accuunlancy i.900 3.804 i.378 3,900 3,804 i.378 11.082 11,082 I'rjtal r¢sourie5 ¢xpend¢d 19.945 56,169 76.114 iO.740 N¢1 iiicorne ?6.060 485.499 511559 83,091 Thks page does nor form part of the staiutory financial sraiemenis Page 20