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2020-09-30-accounts

Page
Reference and Administrative Details
Trustees'
Report (including the		 Strategic Report) (incorporating the Directors' report) 2
Trustees'
Responsibility		 Statement 10
Independent
Auditor's		 Report
Statement ofFinancial Activities (including an Income and Expenditure Account) 14
Balance Sheet 15
Cash Flow Statement 16
Notes to the Financial Statements 17-35

Principal
risk		 Principal
risk		 Mitigation
Impact ofCOVID-19 on day to day operations. Ensure maximum
benefit is obtained
from
available assistance
packages
Take steps to keep operating
costs to a
minimum
including
mothballing
ofareas		 it
is not permissible
to open.
More frequent
financial forecasts
Keeping abreast oflatest government
guidance
Fundraising and grant income does not meet Progress against business
plan is assessed.
targets. Financial
support
available
from
parent
charity to meet funding gap.
Investment in new attractions
does		 not increase Prepare
sound
business
cases
prior		 to
visitor numbers. embarking
on projects.
Increase advertising
and marketing
spend		 to
create awareness.
Visitors are deterred from visiting due to site The website
is kept up to date detailing		 any
flooding. accessibility
issues.
The
temporary
exhibition
programme
should
help preserve
visitor numbers
during
periods of inclement
weather
and minor localised flooding.
Phase
1 of
a
programme
of
drainage
improvements
has
been
implemented		 to
reduce the impact offlooding
Maintenance endowments given to
cover		 Funds are pooled to obtain best rates.
repairs of memorials are not sufficient to cover The NMA has a fundraising
strategy with		 the
costs. primary
objective
of achieving
growth		 in
unrestricted
income
over the
medium		 to
long term.

Unrestricted Restricted Endowment Total Total
Funds Funds Funds Funds Funds
goofy 9 EOOO's EOOO's 2020 2019(sl
EOOO's EOOO's
Note
INCOME AND
ENDOWMENTS FROM:
Donations
and Legacies		 2,788 393 98 3,279 2,030
Charitable
Activities		 419 419 627
Other Trading Activities 37 37 47
Investments:
Gift aid from NMA 107 107 664
(Enterprises)
Bank interest
TOTAL INCOME 3,353 393 103 3,849 3,375
EXPENDITURE ON:
Raising Funds 617 617 542
Charitable
Activities		 2,783 347 35 3,165 3,600
TOTAL EXPENDITURE 3,400 347 3,782 4,142
Net (expenditure)/income (47) 46 68 67 (767)
for the year
Transfer between
Funds		 20 (9)
NET MOVEMENT IN FUNDS (38) 37 68 67 (767)
RECONCILIATION
OF FUNDS
Total funds brought forward 21,158 554 848 22,560 23,327
Net movement
in funds for		 (38) 37 68 67 (767)
the year
Total funds carried forward 21,120 591 916 22,627 22,560

2020 2019
6000's EOO(ys
Note
FIXEDASSETS
Tangible assets 14 20,297 20,705
Heritage assets 15 348 348
Fixed asset investments 16
Total Fixed Assets 20,645 21,053
CURRENT ASSETS
Debtors 17 688 564
Cash at bank and in hand 1,828 1,750
Total Current Assets 2,516 2,314
Creditors
—amounts		 falling due 18a (477) (807)
within one year
NET CURRENT ASSETS 2,039 1,507
Creditors
falling due		 in more than 18b (57)
one year
TOTAL NET ASSETS 22,627 22,560
FUNDS
General
Funds		 20 652 363
Designated
Funds		 20 20,468 20,795
Restricted
Funds		 20 591 554
Expendable
Endowment		 Funds 20 916 848
Total Funds 22,627 22,560

Note Total Funds Total Funds
2020 2019
EOOIys EOOD's
Net
cash
provided
by		 operating 26 99 67
activities
Cash flows from investing activities:
Interest receivable 7
Purchase of
property,		 plant and (534)
equipment
Purchase of heritage assets
Net cash used in investing activities (527)
Cashflows from financing activities:
Interest element
of finance		 lease
payments
Repayment offinance leases (27)
Net cash provided
by finance		 leases (28)
Net
(Decrease)/
increase		 in cash 78 (460)
and cash equivalents
Cash
and		 cash
equivalents		 at the 1,750 2,210
beginning ofthe year
Cash and cash equivalents at the 1,828 1,750
end ofthe year

Long leasehold and ground I.ong leasehold
land		 and initial landscaping and initial landscaping - not depreciated
improvements Ground improvements and drainage -6.67%
Roadways
and paths		 -8.33N
Heritage Assets Not depreciated
Visitor facilities and fixtures Ruilding and fixtures 23S
Grounds
Equipment		 under Finance lease 25%
Catering equipment 20%
Office equipment Office equipment 20%

Unrestricted Unrestricted Unrestricted Unrestricted Restricted Restricted Endowments Endowments Endowments 2020 2019
f000's f000's f000's f000's f000's
Donations 389 3 98 490 514
Gifts in kind* 3 3 2
Legacies 94 94 170
General grants (see 3a 2,305 387 2,692 1,344
below)
Total 2,788 393 98 3,279 2,030
*2020gifts in kind relate to the donation ofsome grounds equipment and the long term loan ofa
water pump. 2019 gifts in kind relate to the donation of a pallet truck and sweeper by Briggs
Equipment Ltd.
a) General grants comprise the following:
2020 2019
f000's EBOO's
Grant
in Aid - Armed Forces Memorial		 158 159
The Royal British Legion —Infrastructure 282
The Royal British Legion —Remembrance 1,800 724
The Royal British Legion —construction/development projects 84
The Royal British Legion —Covid -19 500
Heritage
Lottery Fund		 100 63
Memorial
Grant Scheme		 6 7
Learning Grants 10 25
Furlough
Grant		 88
Small Business rate relief grant 25
Veolia Pathways
grant		 (5)
Other Grants 5
Total 2,692 1,344

2020 2019
EOOO's f000's
Performance
related		 grants:
Armed Forces Day 5
Commemoration Activity 52
Car park 158 226
Exhibition Tickets 11
Learning services 25 51
NMA Enterprises overhead recharge 189 215
Tree plaques/benches/ annual maintenance 47 43
Insurance
claims		 24
Total 419 627
2020 2019
EOOIYs E000's
Turnover 1,220 2,789
Cost ofsales (1,142) (1,733)
Gross profit 78 1,056
Administrative expenses (297) (409)
Operating
(Loss)/profit		 on ordinary activities (219) 647
Other Income 127
(Loss)/Profit on activities before taxation (92) 647
Taxation
(Loss)/profit and total Comprehensive(expense) income (92) 647
for the year
Retained earnings brought forward: 107 124
Payment to parent charity under the gift aid scheme (107) (664)
Retained loss for the year (92) (17)
Retained earnings carried forward (92) 107
Assets 501 503
Liabilities (593) (396)
Net (liabilities)/assets (92) 107

2020 2019
EOO0's f000's
Gifted from NMA (Enterprises) 107 664
Bank interest 7 7
Total 114 671
NALYSIS OF EXPENDITURE ON RAISING FUNDS
Direct Support
Direct Support Total Cost Cost Total
Costs Costs 2020 2019 2019 2019
f000's EOOIYs EBOO's EOOO's EOOIYs f000's
Raising donations, grants 99 20 119 84 13 99
and legacies.
Advertising, marketing 449 49 498 404 39 443
and direct mail
Total 548 69 617 488 54 542
NALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Direct Support
Direct Support Total Cost Cost Total
costs costs 2020 2019 2019 2019
EOOO's f000's f000's EOOO's EOOO's EBOO's
Commemorative 275 79 354 331 47 378
events
Grounds
and		 455 92 547 536 70 606
memorial
upkeep
Visitor operations 875 1,200 2,075 1,311 1,090 2,401
NMA (Enterprises) 189 189 215 215
overhead
recharge
Total 1,605 1,560 3,165 2,178 1,422 3,600

Raising Commemorative Grounds and Visitor Recharge Total Basis of
funds events Memorials operations to NMA 2020 allocation
fOOIYs f000's f000's f00(Ye Enterprises
fOOIYs		 f00(Ye f000's
Governance 7 8 9 69 93 Headcouni
Central 16 18 21 166 80 301 Headcouni
Management
Administration 6 6 8 59 1 80 Headcouni
Premises 40 47 54 427 72 640 Headcouni
Depreciation 477 36 513 Usage
Legal and 2 2 Headcouni
Professiona I
Total 69 79 92 1,200 189 1,629

Raising Commemorative Commemorative Grounds and Grounds and Grounds and Grounds and Visitor Recharge Total Basis c
funds events Memorials operations to NMA 2019 allocatio
Enterprises
EOOIYs EOOD's EOOD's EOOIYs EOOD's EOOD's EOOO'
Governance 7 7 9 76 99 Headcoun
Centra I 5 4 6 48 96 159 Headcoun
Management
Administration 5 4 7 53 69 Headcoun
Premises 36 31 47 385 85 584 Headcoun
Depreciation 521 34 555 Usag
Legal and 7 10 Headcoun
Professional
Total 54 47 70 1,090 215 1,476
10) NET (EXPENDITURE)/INCOME FOR THE YEAR
2020 2019
EOOIYs EOOIYs
Income/expenditure is after charging:
Depreciation ofowned assets 513 555
Loss on disposal fixed assets 23
Profit on disposal fixed assets (2)
Auditor's
remuneration:
Fees payable to the charity's auditor for the audit of the 17 16
financial statements
11) ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY
MANAGEMENT
PERSONNEL
The average monthly number ofemployees was:
2020 2019
Raising funds 4 4
Charitable
operations		 40 39
Support 5 5
Total 49 48
Their aggregate
remuneration		 comprised:
2020 2019
6000's EOOIYs
Wages and salaries 1,150 1.132
Social security costs 101 101
Pension costs 126 106
Severance 6 2
Total 1,383 1,341

2020 2019
660,000-E70,000 1 1
E80,000-E90,000 1
E90,000-F100,000
To~a(

Long Visitor Office Totals
Leasehold and Facilities and Equipment
Ground Fixtures
Improvements
6000's 6000's 6000's EOOD's
Cost:
At 1October 2019 2,161 21,630 25 23,816
Additions 105 105
At 30September 2020 2,161 21,735 25 23,921
Accumulated
Depreciation:
At 1October 2019 1,226 1,860 25 3,111
Charge for the year 64 449 513
At 30September 2020 1,290 2,309 25 3,624
Net BookValue:
At 30September 2020 871 19,426 20,297
At 1October 2019 935 19,770 20,705

Basis ofcapitalisation Trees Total
At cost
f000's EOOD's
Carrying amount at 1October 2019 348 348
Carrying amount at 30September 2020 348 348
2020 2019 2018 2017 2016
f00lys E000's EOOlys f000's f000's
Purchases:
Trees 57
Total Additions 57

FIXEDASSET INVESTMENTS FIXEDASSET INVESTMENTS FIXEDASSET INVESTMENTS
The Trustees ofthe charitable company own the entire issued share capital oftwo ordinary shares
ofE1each at a cost ofE2of NMA (Enterprises) Ltd. During the year
NMA		 (Enterprises) did not gift
aid any profits to the NMA (2019:E664,000)due to operating losses arising from the Covid-19
pandemic and at the end of the year had aggregate reserves of minus E92,000 (2019:positive
E107,000)
DEBTORS
2020 2019
f000's E000's
Amounts falling due within one year:
Trade Debtors 82 52
Amounts owed by subsidiary undertaking 478 252
Prepayments and accrued income 128 260
Total 688 564

2020 2019
f000's f000's
a) Amounts falling due within one year:
Trade creditors 85 126
Amounts
owed to		 parent undertaking 158 142
HMRC- PAVE and Nl 35
VAT creditor 8 19
Hire Purchase/Finance lease 20
Accruals and deferred income 206 485
Total 477 807
2020 2019
fOOIVs fOOIYs
b) Amounts falling due in more than one year:
Hire Purchase/Finance Lease (due between 1-5years) 57
Total 57

Unrestricted Restricted Endowment Total
Funds Funds Funds Funds
6000's 6000's 6000's 2019
6000's
Note
INCOME AND ENDOWMENTS
FROM:
Donations
and Legacies		 1,338 659 33 2,030
Charitable
Activities		 570 57 627
Other Trading Activities 47 47
Investments:
Gift aid from NMA (Enterprises) 664 664
Bank interest 7
TOTAL INCOME 2,619 716 40 3,375
EXPENDITURE ON:
Raising Funds 542 542
Charitable
Activities		 2,967 601 32 3,600
TOTAL EXPENDITURE 3,509 601 4,142
Net (expenditure)/income for (890) 115 8 (767)
the Year
Transfer between
Funds		 20 600 (600)
NET MOVEMENT IN FUNDS (290) (485) 8 (767)
RECONCILIATION
OF FUNDS
Total funds brought forward 21,448 1,039 840 23,327
Net movement
in funds for		 the (290) (485) 8 (767)
year
Total funds carried forward 21,158 554 848 22,560

At 1 Income Expenditure Transfers At 30
October September
2019 2020
f000's f000's f000's f000's f000's
Unrestricted
Funds:
General
Fund		 363 3,259 (2,874) 96) 652
Designated
Funds
Fixed assets 20,705 (513) 105 20,297
Development
and Engagement		 90 94 (13) 171
Designated
Funds Total		 20,795 94 (526) 105 20,468
Total Unrestricted
Funds		 21s158 3s353 (Ss400) 9 21,120
Expendable
endowments':
NMA Memorials
& Buildings		 234 79 (9) 304
Basra Wall 29 29
Army Apprentices 39 (1) 39
Durham
Light Infantry		 18 (1) 17
British Korean Veterans 33 (1) 32
Polish Ex-Combatants 56 (4) 53
Royal Ulster Constabulary 33 (2) 31
Bastion Memorial 50 (2) 49
Royal Engineers 85 (1) 84
Police Service Northern Ireland 33 (2) 31
Victims ofoverseas terrorism 43 43
Heroes' Square garden 136 (6) 130
maintenance
Royal Electrical &Mechanical 37 (4) 34
Engineers
Devon &Dorset Regiment 22 21
Queens Lancashire
Regiment		 20 19
Total Expendable
endowments		 103 (35) 916
Restricted
Funds
AFM 354 166 (109) 411
Remembrance
Centre		 142 (11) (1) 130
Functions
Pavilion		 58 (8) 50
Covid-19 support
National
Lottery Heritage fund		 100 (100)
Furlough
Grant		 88 (88)
LDC BCNDR Relief 25 (25)
Other Funds received and fully
utilised
in year		 14 (14)
Total Restricted
Funds		 554 (347) 591
Total Charity Funds 22,560 3,849 (3,782) 22,627

1) COMPARATIVE
MO		 V EIIIIENT ON FUNDS
At 1 Income Expenditure Transfers At 30
October September
2018 2019
EOOD's f000's 6000's f000's EOOIYs
Unrestricted
Funds:
General
Fund		 1,416 2,529 (2,952) (630) 363
Designated
Funds
Fixed assets 20,032 (557) 1,230 20,705
Development
and Engagement		 90 90
Designated
Funds Total		 20,032 90 (557) 1,230 20,795
Total Unrestricted
Funds		 21~8 2,619 (3,509) 600 21,158
Expendable endowmentse:
NMA Memorials
& Buildings		 208 34 (8) 234
Basra Wall 29 29
Army Apprentices 40 (1) 39
Durham
Light Infantry		 20 (2) 18
British Korean Veterans 35 (2) 33
Polish Ex-Combatants 58 (3) 56
Royal Ulster Constabulary 34 (1) 33
Bastion Memorial 50 (1) 50
Royal Engineers 85 (1) 85
Police Service Northern Ireland 34 (1) 33
Victims ofoverseas terrorism 44 (2) 43
Heroes' Square garden 143 (8) 136
maintenance
Royal Electrical & Mechanical 37 37
Engineers
Devon &Dorset Regiment 23 22
Total Expendable
endowments		 (32)
Restricted
Funds
AFM 365 166 (146) (31) 354
Infrastructure
&Tourism		 signs 332 (SO) (282)
Remembrance
Centre		 202 1 (61) 142
WW1 Commemoration 8 (8)
Functions
Pavilion		 350 (86) (208) 56
Future strategic development*' 34 (32) 2
Heritage
Lottery fund		 78 63 (141)
Veolia —Pathway
improvements		 36 (5) (23) (8)
Other Funds received and fully
utilised
in year		 126 (116) (10)
Total Restricted
Funds		 1,039 716 (601) (600) 554
Total Charity Funds 23,327 3,375 (4,142) 22,560

Unrestricted Designated Restricted Endowment Total
Funds Funds Funds Funds 2020
f000's f00(Vs f000's f000's f000's
Fixed assets 348 20,297 20,645
Current assets 818 171 611 916 2,516
Current liabilities (457) (20) (477)
Liabilities &than 1 (57) (57)
year
Total 652 20,468 591 916 22,627

Unrestricted Designated Restricted Endowment Total
Funds Funds Funds Funds 2019
f000's fOOIYs f00iys f00(Vs f000's
Fixed assets 348 20,705 21,053
Current assets 602 90 774 848 2,314
Current liabilities {587) (220) (807)
Total 363 20,795 554 848 22,560

2020 2019
f000's f00IYs
Net income/(expenditure) for the year 67 (767)
Adjustments
for:
Interest receivable (7) (7)
Depreciation
charges		 513 555
Loss on disposal offixed assets 23
Operating
cash flow		 before movement in working capital 573 (196)
(Increase)/Decrease in debtors (124) 536
(Decrease) in creditors (350) (273)
Cash provided
by operating		 activities 99 67
b. Analysis ofCash and cash equivalents:
2020 2019
f000's f000's
Instant access working
capital		 297 240
Notice deposits 260 259
Other cash balances 1,271 1,251
Total cash and cash equivalents 1,828 1,750

At 01 October Cash-flows New Finance At 30 September
2019 EOOIYs Leases 2020
fOOIYs 6000's 6000's
Cash 1750 78 1828
Finance Leases 27 (104) (77)
Total 1750 105 (104) 1751