YORK ARCHAEOLOGICAL TRUST FOR EXCAVATION AND RESEARCH LIMITED
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a significant deficit of £1.3m for the year, resulting in a decrease in consolidated unrestricted reserves to £4.6m. The trustees report that these reserves are well below the target level set in the reserves policy, which is based on legal commitments and three months of operating costs. Consequently, the charity has implemented a recovery plan involving restructuring and cost-cutting to restore financial stability.
What the accounts disclose
“In the band £160,001 - £170,000” — page 37
“The Trust has a trading subsidiary (JVC Retail Limited), which operates the retail activities of the Trust at the visitor attractions and online.” — page 12
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Professor Ellen Robertschair
- Aikaterini Vavaliou
- Caroline Usher
- Claire Fradley
- Edmund Southworth
- Gary Mills
- Ian Melia MA FCA VR
- MICHAEL RICHARD WATSON
- Prof Martin Millett
- Sian Hoggett
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £11.6m | £12.9m |
| 31/03/2024 | £14.0m | £14.0m |
| 31/03/2023 | £10.9m | £10.5m |
| 31/03/2022 | £11.0m | £8.9m |
| 31/03/2021 | £5.5m | £7.1m |
Common questions
Is YORK ARCHAEOLOGICAL TRUST FOR EXCAVATION AND RESEARCH LIMITED financially healthy?
The accounts state that the charity incurred a significant deficit of £1.3m for the year, resulting in a decrease in consolidated unrestricted reserves to £4.6m. The trustees report that these reserves are well below the target level set in the reserves policy, which is based on legal commitments and three months of operating costs. Consequently, the charity has implemented a recovery plan involving restructuring and cost-cutting to restore financial stability. Its FY2025 accounts were audited by Crowe U.K. LLP.
What does the highest-paid employee of YORK ARCHAEOLOGICAL TRUST FOR EXCAVATION AND RESEARCH LIMITED earn?
Per its FY2025 accounts, the highest-paid employee was in the £160,001 - £170,000 band.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 07/12/2023 | £10k | "Archaeology on Prescription Nottingham" |
| The National Lottery Heritage Fund | 21/06/2022 | £249k | "Archaeology on Prescription" |
| The National Lottery Heritage Fund | 29/06/2020 | £50k | "COVID19 York Archaeological Trust" |
| The National Lottery Heritage Fund | 25/02/2020 | £10k | "We Dig Wollaton Geophysical Survey Training" |
| The National Lottery Heritage Fund | 30/04/2018 | £10k | "Wings to War: Glasgow and the Birth of the Royal Air Force" |
| The National Lottery Heritage Fund | 27/03/2017 | £47k | "War & Peas: Feeding the people in times of conflict" |
| The National Lottery Heritage Fund | 27/03/2015 | £100k | "Digging In: World War I trench reconstructions for education and experiment" |
| The National Lottery Heritage Fund | 20/01/2014 | £10k | "A & E heritage rescue: researching the long-lost past of Attenborough and the Erewash" |
| The National Lottery Heritage Fund | 11/12/2013 | £10k | "Landscapes of Remembrance" |
| The National Lottery Heritage Fund | 19/10/2012 | £9k | "Plotting the Past: Archaeology of York's Allotments" |
| The National Lottery Heritage Fund | 05/10/2012 | £10k | "Weaving Truth With Trust in Govan" |
| The National Lottery Heritage Fund | 15/08/2012 | £31k | "Trading Histories - 700 years at Sheffield Castle Market" |
| The National Lottery Heritage Fund | 03/12/2008 | £45k | "Stonegate Voices" |
| The National Lottery Heritage Fund | 24/10/2006 | £10k | "This Group Advances The Education Of The Public In Archaeology And History. The Project Is To Run A Series Of New Workshops As Part Of The J" |
| The National Lottery Heritage Fund | 13/05/2005 | £1k | "The York Archaeological Trust Will Use Their Award To Contact, Interview And Record Memories Of Individuals Who Were Based In The Uk And Mad" |
| The National Lottery Heritage Fund | 23/11/2004 | £213k | "A Community Archaeology Project for Greater York" |