## 



## 

||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<br>flooding.|Thewebsiteiskeptuptodate detailingany<br>accessibilityissues.Thetemporary|
||exhibitionprogramme should helppreserve|
||visitornumbersduringperiodsofinclement|
||weatherandminorlocalisedflooding.<br>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<br>Roadwaysandpaths<br>-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<br>Generalgrants(see3a|2l<br>L,864|<br>623||21<br>2,487|94<br>2,692|
|below)<br>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:|||
|-<br>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<br>Total|,,t|t,r*|____I19,|____!999_|____1Ë9q_|____I19I_|



## 

||Raising<br>funds|Commemorative<br> <br>events|Groundsand<br>Memorials|Visitor<br>operations|Recharge<br>toNMA|Total<br>202t|Basisof<br>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<br>funds|CommemorativeGrounds and<br> <br>eventsMemorials||Visitor<br>operations|Recharge<br>toNMA|Total<br>2020|Basisc<br>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<br>MANAGEMENTPERSONNEL<br>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<br>At1|21)COMPARATTVEMOVEMENT ONFUNDS<br>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<br>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|



##