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2021-09-30-accounts

Page
Reference andAdministrativeDetails L
Trustees'Report(includingtheStrategic Report)(incorporatingtheDirectors'report) 2
Trustees ResponsibilityStatement 10
lndependentAuditor'sReport LL
StatementofFinancialActivities(includingan lncome andExpenditureAccount) 15
BalanceSheet 16
CashFlowStatement L7
Notesto theFinancialStatements 18-35

Principal risk Mitigation
lmpact ofCOVID-L9ondaytodayoperations Ensuremaximum benefitisobtained from
available assistancepackages
Takestepstokeepoperatingcoststoa
minimum including mothballing ofareasit
isnotpermissibletoopen.
More frequent financialforecasts
Keeping abreastoflatestgovernment
guidance
Fundraisingandgrantincome doesnotmeet Progressagainst business planisassessed.
targets. Financialsupportavailablefromparent
charitytomeetfundinggap.
lnvestmentin newattractionsdoesnotincrease Preparesoundbusinesscasespriorto
visitornumbers. embarking on projects.
lncrease advertising andmarketingspendto
createawareness.
Visitors are deterredfromvisiting duetosite
flooding.
Thewebsiteiskeptuptodate detailingany
accessibilityissues.Thetemporary
exhibitionprogramme should helppreserve
visitornumbersduringperiodsofinclement
weatherandminorlocalisedflooding.
PhaseLofaprogrammeofdrainage
improvementshas beenimplemented to
reducetheimpact of flooding
Maintenance endowmentsgiventocover Fundsarepooledtoobtainbestrates.
repairsofmemorials arenotsufficienttocover TheArboretumhasafundraisingstrategy
costs. withtheprimary objectiveofachieving
growthinunrestricted incomeoverthe
mediumtolongterm.

Unrestricted Restricted Endowment Total Total
Funds Funds Funds Funds Funds
f000,s f000's f000's 202t 2020t¡)
f000's f000's
Note
INCOMEAND
ENDOWMENTS FROM:
DonationsandLegacies 3 2,284 654 315 3,253 3,279
CharitableActivities 4 607 10 6t7 4t9
OtherTradingActivit¡es 4L 4L 37
lnvestments:
GiftaidfromNMA 5 90 90 107
(Enterprises)
Bankinterest 6 7 L 7
TOTAT INCOME 3,022 664 316 4,OO2 3,849
EXPENDITUREON:
RaisingFunds 7 462 462 6L7
CharitableActivities 8 2,555 604 40 3,199 3,165
TOTAT EXPENDITURE 3,OL7 604 40 3,661 3,782
Net incomefor theyear 5 60 276 34t 67
Transfer betweenFunds 20 5 (6) L
NETMOVEMENT INFUNDS 10 54 277 341 67
RECONC¡IIATION OF FUNDS
Total funds broughtforward 2L,tz0 591 916 22,627 22,560
Net movementinfundsfor 10 54 277 34t 67
the year
Total funds carriedforward 21,130 645 1,193 22,968 22,627

202L 2020
f000's f000's
Note
FIXEDASSETS
Tangibleassets L4 19,806 20,297
Heritageassets 15 348 348
Fixedassetinvestments 16
TotalFixedAssets 20,154 20,645
CURRENTASSETS
Debtors T7 396 688
Cashatbank andinhand 2,957 L,828
Total CurrentAssets 3,253 2,516
Creditors-amounts fallingdue 18a (403) (477)
withinone year
NET CURRENTASSETS 2,850 2,O39
TOTATASSETSIESSCURRENT 2g,oo4 22,684
LIBITITIES
Creditorsfalling due inmorethan 18b (36) (s7)
one year
TOTATNETASSETS 22,968 22,627
FUNDS
GeneralFunds 20 1,153 652
DesignatedFunds 20 L9,977 20,468
RestrictedFunds 20 645 59L
ExpendableEndowmentFunds 20 L,t93 91_6
TotalFunds 22,968 22,627

Note TotalFunds TotalFunds
202L 2020
f000's f000's
Netcash providedbyoperating 26 1,063 99
activities
Cashflowsfrominvestingactivities:
lnterestreceivable L 7
Purchaseofproperty,plantand (L2l
equipment
Purchaseofheritageassets
Net cash usedin investingactivities (11) 7
Cashflowsfromfinancingactivities:
lnterest elementoffinancelease (3)
payments
Repaymentof financeleases (20) (28)
Netcash usedin financeleases (231 (281
Netincreaseincashandcash t,o29 78
equivalents
Cashandcashequivalentsatthe L,828 L,750
beginningof the year
Cashand cashequivalentsatthe 2,857 L,828
endofthe year

Long leaseholdandground Longleasehold land andinitiallandscaping-not depreciated
improvements Ground improvementsanddrainage-6.67Yo
Roadwaysandpaths
-8.33%
HeritageAssets Not depreciated
Visitor facilitiesandfixtures Building andfixtures2Yo
GroundsEquipment underFinancelease2ïo/o
Cateringequipment20%
Officeequipment Officeequipment20%

Unrestricted Restricted Endowments 202L 2020
f000's f000's f000's f000's f000's
Donations 399 14 315 728 490
Gifts inkind* - L7 - t7 3
Legacies
Generalgrants(see3a
2l
L,864

623
21
2,487
94
2,692
below)
Total
2,284 654 315 3,253 3,279

a)Generalgrantscomprisethe following:
202L 2020
f000's f000's
Grantin Aid-ArmedForcesMemorial 158 158
The RoyalBritishLegion-Remembrance 1,450 1,800
The RoyalBritishLegion-Covid -19 s00
HeritageLotteryFund 825 100
MemorialGrant Scheme 6 6
Learning Grants 10 10
FurloughGrant 20 88
SmallBusinessrate reliefgrant 25
Covid assistancegrants 13
OtherGrants 5 5
Total 2,487 2,692

202L 2020
f000's f000's
Performance related grants:
-
ArmedForcesDay
10
Carpark 243 158
ExhibitionTickets
Learning services 19 25
NMAEnterprisesoverheadrecharge 188 189
Treeplaques/benches/ annual maintenance 99 47
lnsurance claims 58
Total 617 419

202t 2020
f000's f000's
Turnover L,7Ot r,220
Costofsales (1,4231 (L,1.421
Grossprofit 278 78
Administrativeexpenses (3ls) (2s71
Operating (toss) beforetaxation (37) (21e)
Otherlncome 622 127
Profit/(Loss) beforetaxation 585 (e2l
Taxation
Profit/(Loss) andtotalComprehensiveincome(expense) 585 (e2)
for theyear
Retained earnings brought forward: (e2) to7
Paymenttoparent charityunderthegiftaid scheme (e0) (107)
Retainedsurplus/(deficit) for theyear 495 (e2l
Retainedsurplus/(deficit)carriedforward 403 (e2)
Assets 1,000 501
Liabilities (se7) (se3)
Netassets/(liabilities 403 (e2)

NALYSTSOF¡NCOME FROMTNVESTMENTS
202t 2020
f000's f000's
GiftedfromNMA(Enterprises) 90 r07
Bankinterest 1 7
Total 91 tt4

Direct Support
Direct Support Total Cost Cost Total
Costs Costs 202t 2020 2020 2020
f000's f000's f000's f000's f000's f000's
Raisingdonations, grants 33 2L 54 99 20 119
and legacies
Advertising, marketing 338 70 408 449 49 498
anddirectmail
Total 3A 91 462 548 69 6L7

Direct Support
D¡rect Support Total Cost Cost Total
costs costs 2021 2020 2020 2020
f000's f000's f000's f000's f000's f000's
Commemorative 2L2 81 293 275 79 354
events
Grounds and 557 173 730 455 92 547
memorialupkeep
Visitor operations 868 L,t20 1988 875 1,200 2,O75
NMA (Enterprises) 188 188 189 189
overheadrecharge
Total
,,t t,r* ____I19, ____!999_ ____1Ë9q_ ____I19I_

Raising
funds
Commemorative

events
Groundsand
Memorials
Visitor
operations
Recharge
toNMA
Total
202t
Basisof
allocation
Enterprises
f000's f000's f000's f000's f000's f000's
Governance 9 8 18 64 99 Headcounl
Central 18 T6 34 T3T 68 267 Headcounl
Management
Administration 9 8 17 66 2 LOz Headcounl
Premises 55 49 103 397 74 678 Headcounl
Depreciation 459 44 503 Usage
Legaland L 3 4 Headcounl
Professional
Total 9t 81 173 t,tzo 188 1,653

2O2OCOM PARATIVE AN ATYSISOF SUPPORTCOSTS ATYSISOF SUPPORTCOSTS
Raising
funds
CommemorativeGrounds and

eventsMemorials
Visitor
operations
Recharge
toNMA
Total
2020
Basisc
allocatio
Enterprises
f000's €000's f000's f000's f000's f000's
Governance 7 I 9 69 93 Headcoun
Central T6 18 21. 166 80 301 Headcoun
Management
Administration 6 6 8 59 t 80 Headcoun
Premises 40 47 54 427 72 640 Headcoun
Depreciation 477 36 513 Usag
Legal and 2 2 Headcoun
Professional
Total 69 79 92 t,2oo 189 1,629

NET TNCOME/(EXPENDTTURE)FORTHE YEAR
202t 2020
f000's f000's
lncome/expenditureisaftercharging:
Depreciation of ownedassets 503 513
Auditor'sremuneration:
Feespayableto thecharity'sauditor for theaudit ofthe 20 17
financial statements

ANALYSISOFSTAFF COSTS, TRUSTEE REMUNERATTON
MANAGEMENTPERSONNEL
he averagemonthly number ofemployeeswas:
ANDEXPENSESANDTHE COST OFKEY
202L 2020
Raisingfunds 4 4
Charitable operations 37 40
Support 9 5
Total 50 49
heiraggregateremunerationcomprised:
2021, 2020
f000's f000's
Wages and salaries 1,rL3 1,150
Social secur¡ty costs 98 101
Pensioncosts L22 L26
Severance 42 6
Total 1,,?75 1,383

2021: 2020
f 60,000-f70,000 1. I
f90,000-f100,000 T 7
Total 2 2

Long Visitor Office AssetsUnder Totals
leaseholdand Facilities and Equipment Construction
Ground Fixtures
lmprovements
f000,s f000's €000's f000's f000's
Cost:
At1October2O2O 2,161 2L,735 25 23,92L
Additions 2 10 t2
At30September2021 37 25 10 23,933
Accumulated
Depreciation:
At1October2O2O t,290 2,309 25 3,624
Chargefor the year 40 463 503
At30September2021 t 330 2,772 25 4,L27
NetBookValue:
At30September2021 831 18,965 10 19,806
At1October2O2O 871 L9,426 20,297

Basisofcapitalisation Trees Total
Atcost
f000's f000's
Carryingamount at1October2O2O 348 348
Carryingamountat30September2O2l 348 348
2021 2020 2019 2018 20L7
f000's f000's f000's f000's f000's
Purchases:
Trees 2
TotalAdditions 2

202L 2020
f000's f000's
Amountsfallingduewithinoneyear:
Trade Debtors 57 82
Amounts owedbysubsidiaryundertaking 226 478
Prepayments and accrued income 113 t28
Total 396 688

2021 2020
f000's f000's
a)Amountsfallingduewithinone year:
Tradecreditors 75 85
Amounts owedtoparent undertaking 72 158
HMRC-PAYEandNl 36
VATcreditor 37 8
HirePurchase/Financelease 2t 20
Accruals anddeferredincome 222 206
Total 403 477
202t 2020
f000's f000's
b)Amounts fallingduein morethanoneyear:
Hire Purchase/FinanceLease(duebetween1-5 years) 36 57
Total 36 57

Unrestricted Restricted Endowment Total Total
Funds Funds Funds Funds Funds
f000,s f000's f000's 2020 20L9
f000's f000's
Note
INCOMEAND
ENDOWMENTS
FROM:
Donations and 3 2,788 393 98 3,279 2,030
Legacies
CharitableActivities 4 4L9 4t9 627
OtherTrading 37 37 47
Activities
lnvestments:
GiftaidfromNMA 5 L07 107 664
(Enterprises)
Bankinterest 6 2 5 7 7
TOTATINCOME 3,353 393 103 3,849 3,375
EXPENDITUREON:
Raising Funds 7 617 6L7 542
Charitable Activit¡es 8 2,783 347 35 3,165 3,600
TOTAT EXPENDITURE 3,400 347 35 3,782 4,142
Net (471 46 67 17671
(expenditurel/income
fortheyear
Transferbetween 20 9 (s)
Funds
NETMOVEMENTIN (38) 37 68 67 (7671
FUNDS
RECONCITIATIONOF
FUNDS
Total fundsbrought 21,L58 554 848 22,560 23,327
forward
Netmovementin (38) 37 68 67 (767l,
fundsfor the year
Total funds carried 2L,l2O 591 916 22,627 22,560
forward

20)MOVEMENTS ONFUNDS
At1 IncomeExpenditure Transfers At30
October September
2020 2021.
f000's f000's f000's f000's f000's
UnrestrictedFunds:
GeneralFund 652 3,022 (2,5t41 17l 1,153
DesignatedFunds
Fixedassets 20,297 (so3) L2 19,806
Development andEngagement L7t t7t
DesignatedFundsTotal 20,468 L2 t9,977
Total UnrestrictedFunds 21,120 3,022 l3,Ot7l 5 2l,f.30
Expendableendowments*:
NMA Memorials&Buildings 304 r37 (14) L 428
BasraWall 29 (1) 28
Army Apprentices 39 (1) 38
DurhamLightlnfantry t7 (1) 16
BritishKorean Veterans 32 (21 30
Polish Ex-Combatants 53 (4) 49
RoyalUlster Constabulary 31 (2t 29
Bastion Memorial 49 (2) 4t
Royal Engineers 84 (1) 83
Police ServiceNorthern lreland 31 (1) 30
Victims ofoverseasterrorism 43 43
Heroes' Square garden 130 (18) (8) 104
maintenance
Royal Electrical&Mechanical 34 (2) 32
Engineers
Devon&DorsetRegiment 2t (1) 20
QueensLancashire Regiment 19 7 26
Guards ParachuteAssociation 25 25
The BluesandRoyals 25 25
Wrens 38 38
RoyalMilitaryPolice 2L 2t
Scouts 29 29
National Mining Memorial 28 28
RBLRemembrance Glade 24 24
TotalExpendableendowments 916 316 (40) 1 1,193

20)Movements onFunds (cont)
At1 lncomeExpenditure Transfers At30
October September
2020 202t
f000's f000's f000's f000's f000's
RestrictedFunds
AFM 4t1. 165 (es) 48t
Remembrance Centre 130 130
Functions Pavilion 50 (14) (2) 34
Memorial Woodland 4 (4)
Covid-19support
National LotteryHeritagefund 429 (42s)
FurloughGrant 20 (20)
OtherFunds received andfully
utilisedinyear 46 (46)
Total RestrictedFunds 591 664 (604) (6) 645
Total CharityFunds 22,627 4,OO2 (3,661) 22,968

21)COMPARATTVEMOVEMENT ONFUNDS
At1
21)COMPARATTVEMOVEMENT ONFUNDS
At1
lncome Expenditure Expenditure Transfers At30
October September
20t9 2020
f000's f000's f000's €000's f000's
UnrestrictedFunds:
GeneralFund 363 3,259 (e6) 652
DesignatedFunds
Fixed assets 20,705 (s13) 105 20,297
Development andEngagement 90 94 t7t
DesignatedFundsTotal 20,795 94 (s26) 105 20,468
Total UnrestrictedFunds 2L,158 3,353 9 2l,tzo
Expendableendowments*:
NMA Memorials&Buildings 234 79 (s) 304
BasraWall 29 29
Army Apprentices 39 1 (1) 39
DurhamLightlnfantry 18 (1) t7
BritishKoreanVeterans 33 (1) 32
Polish Ex-Combatants 56 T (4) 53
Royal UlsterConstabulary 33 (2) 31
BastionMemorial 50 1 (2) 49
Royal Engineers 85 (1) 84
PoliceServiceNorthernlreland 33 (21 31
Victims ofoverseasterrorism 43 43
Heroes' Square garden 136 (6) 130
maintenance
Royal Electrical&Mechanical 37 1 (4) 34
Engineers
Devon&DorsetRegiment 22 (1) 2t
QueensLancashireRegiment 20 (1) 19
TotalExpendableendowments 848 103 916
RestrictedFunds
AFM 354 166 (10s) 4tt
RemembranceCentre L42 (11) (1) 130
Functions Pavilion 58 (8) 50
Covid-l9 support
National LotteryHeritagefund 100 (1oo)
FurloughGrant 88 (88)
LDC BCNDRRelief 25 (2s)
OtherFundsreceivedandfully
utilisedinyear T4 (14)
TotalRestrictedFunds 554 393 (s) 591
TotalChar¡ty Funds 22,560 3,849 13,7821 22,627

Unrestricted Designated Restricted Endowment Total
Funds Funds Funds Funds 202L
f000,s f000's f000's f000's f000's
Fixed assets 348 19,906 20,L54
Currentassets r,244 T7L 645 t,L93 3,253
Current liabilities (403) (403)
Liabilities>thanL (36) (36)
year
Total 1,153 L9,977 645 1,L93 22,968

Unrestricted Designated Restricted Endowment Total
Funds Funds Funds Funds 2020
f000's f000's f000's fo00's f000's
Fixed assets 348 20,297 20,645
Currentassets 815 t7t 611 91_6 2,5L3
CurrentLiabilities (4s7) (20) (477l.
Liabilities>thanl- (s7) (s7)
year
Total 6s2 20,468 591 916 22,627

26)CASHFLOW STATEMENT
a.Reconciliationofnetincometocashgeneratedbyoperations.
202L 2020
f000's f000's
Netincome/ forthe year 341 67
Adjustmentsfor:
lnterestreceivable (1) (71
lnterestPayable 3
Depreciationcharges s03 513
Lossondisposalof fixedassets
Operatingcashflowbeforemovementinworkingcapital 846 573
(lncrease)/Decrease indebtors 292 lt24l
(Decrease) increditors (7s) (3so)
Cashgeneratedbyoperatingactivities 1,063 99
b.AnalysisofCashandcashequivalents:
2021 2020
f000's f000's
lnstantaccessworking capital 50L 297
Notice deposits 760 260
Othercashbalances 1,596 L,27I
Totalcash and cashequivalents 2,857 1,828

AtlOctober Cash-flows NewFinance At 30 September
2020 f000's Leases 202t
f000's f000's f000's
Cash r,828 1,029 2857
FinanceLeases (77]. 20 (s7)
Total 1,75t t,o49 2,8OO