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2022-09-30-accounts

Page
Reference andAdministrativeDetails T
Trustees'ReportincorporatingtheDirectors'report(includingthestrategicreport)
2
Trustees ResponsibilityStatement 10
lndependentAuditor'sReport 11
StatementofFinancialActivities(includinganlncome and ExpenditureAccount) 15
BalanceSheet 16
CashFlowStatement L7
Notesto theFinancialStatements 18-36

Principalrisk Mitigation
Fundraisingandgrantincome doesnotmeet Progressagainst business planisassessed.
targets. Financialsupportavailablefromparent
charitytomeet fundinggap.
lnvestment innewattractionsdoesnotincrease Preparesoundbusinesscasespriorto
visitornumbers. embarkingon projects.
lncreaseadvertisingandmarketingspendto
create awareness.
Visitors are deterredfromvisiting duetosite
floodingandotherextreme weatherevents.
Thewebsiteiskeptuptodate detailingany
accessibilityissues.Thetemporary
exhibitionprogramme should helppreserve
visitornumbers duringperiodsofinclement
weatherandminorlocalisedflooding.
Phase1 ofaprogrammeofdrainage
improvementshas beenimplemented to
reducetheimpact of flooding
Maintenance endowmentsgiventocover Fundsare pooledtoobtainbestrates.
repairsofmemorials arenotsufficienttocover TheArboretumhasafundraising strategy
costs. withtheprimaryobjectiveofachieving
growthinunrestricted incomeoverthe
mediumtolongterm.

Unrestricted Restricted Endowment Total Total
Funds Funds Funds Funds Funds
f000,s f000's f000's 2022 2o2LtLt
f000's f000's
Note
INCOMEAND
ENDOWMENTS FROM:
DonationsandLegacies 3 2,706 544 490 3,740 3,253
CharitableActivities 4 691 10 70L 617
OtherTradingActivities 90 90 4t
lnvestments:
GiftaidfromNMA 5 618 618 90
(Enterprises)
Bankinterest 6 2 2 t
TOTATINCOME 410s 554 492 5,151 4,O02
EXPENDITUREON:
Raising Funds 7 664 664 462
CharitableActivities 8 3,302 t6r 64 3,527 3,199
TOTAL EXPENDITURE 3,966 161 64 4,19L 3,661
Net incomeforthe year 139 393 428 960 34L
TransferbetweenFunds 20 326 (326)
NETMOVEMENT INFUNDS 465 6' 428 960 34t
RECONCITIATION OF FUNDS
Total fundsbrought forward 2L,t30 645 L,193 22,968 22,627
Net movementinfundsfor 465 67 428 960 341
the year
Total funds carriedforward 21,595 7t2 t,621 23,928 22,968

2022 2021
f000's f000's
Note
FIXEDASSETS
Tangibleassets 74 20,o20 19,806
Heritageassets 15 348 348
Fixedassetinvestments L6
TotalFixedAssets 20,368 20,154
CURRENTASSETS
Debtors t7 831 396
Cashatbank andinhand 3,479 2,857
Total CurrentAssets 4,25O 3,253
Creditors-amountsfallingdue 18a (67s) (403)
withinone year
NET CURRENTASSETS 3,576 2,850
TOTALASSETS LESSCURRENT 2?,943 23,OO4
UBtHTtES
Creditorsfallingdueinmorethan 18b (ls) (36)
one year
TOTALNETASSETS 23,928 22,968
FUNDS
GeneralFunds 20 1.,632 1,153
DesignatedFunds 20 L9,963 79,977
RestrictedFunds 20 7L2 645
ExpendableEndowmentFunds 20 7,62t L,L93
TotalFunds 23,928 22,968

Note TotalFunds TotalFunds
2022 2021
f000's f000's
Netcash providedbyoperating 26 1,29O 1,053
activities
Cashflows frominvestingactivities:
lnterestreceivable 2 1
Purchase/giftsof property, plantand (7071 (L2l
equipment
Purchaseofheritageassets
Netcash usedin investingactivities (70s) (111
Cashflowsfromfinancingactivities:
lnterestelementoffinancelease (2) (3)
payments
Repayment offinanceleases (zLl (20)
Netcash used infinanceleases (23) (23)
Netincreaseincashandcash s62 t,o29
equivalents
Cashandcashequivalentsatthe 2,857 7,828
beginningof the year
Cashand cashequivalents atthe 3,4t9 2,857
endoftheyear

Long leaseholdandground Longleasehold land andinitiallandscaping- not depreciated
improvements Ground improvementsanddrainage- 6.67%
Roadways andpaths
-8.33%
HeritageAssets Not depreciated
Visitor facilitiesandfixtures Building andfixtures2%
GroundsEquipment underFinance lease25To
Cateringequipment20%
Office equipment Officeequipment20%

|NATYS|SOF TNCOMEFR|OMDONATTONSANDIEGAC|E|OMDONATTONSANDIEGAC|E|S||| |---|---|---|---|---|---| ||UnrestrictedRestricted||Endowments|2022|2021| |Donations|f000's
462|f000's
43|
€000's
490|€000's
995|f000's
728| |Gifts inkind*|178|15||193|L7| |Legacies
Generalgrants(see3a|108
1,958|486||108
2,444|2l
2,487| |below)|||||| |Total|2,706|544|490|3,740|3,253|

a) General grantscomprisethefollowing
2022 202t
f000's f000's
Grantin Aid-ArmedForcesMemorial 95 158
The RoyalBritishLegion-Remembrance 1,950 t,45O
The RoyalBritishLegion-Memorial Woodland 3s0
NationalForest-Memorial woodland 36
Heritage LotteryFund 825
Memorial GrantScheme 5 6
Learning Grants 10
Furlough Grant 20
Covid assistancegrants 13
OtherGrants ; 5
Total 2,444 2,487

2022 202t
f000's €000's
Performa ncerelated grants:
-
ArmedForces Day
10 10
Carpark 304 243
ExhibitionTickets
Learning services 40 19
NMAEnterprisesoverheadrecharge 267 188
Treeplaques/benches/ annual maintenance 65 99
lnsuranceclaims 15 58
TOTAI 70t 6t7

2022 2021,
f000's f000's
Turnover 3,019 L,701
Costofsales (2,137l. (t,4231
Grossprofit 882 278
Administrativeexpenses (4eo) (31s)
Operatingprofit/(loss)beforetaxation 392 (37)
Otherlncome 27 622
Profitbefore taxat¡on 4t9 585
Taxation
ProfitandtotalComprehensive incomefortheyear 4t9 585
Retainedearnings brought forward: 403 (e2)
Paymenttoparent charityunderthegiftaid scheme (618) (s0)
Retained surplusfor theyear 204 495
Retainedsurplus carriedforward 204 403
Assets t,176 1,000
Liabilities (s721. (se7)
Netassets 204 403

NATYS¡S OF TNCOMEFROMTNVESTMENTS
2022 202t
€000's f000's
GiftedfromNMA(Enterprises) 618 90
Bankinterest 2 t
Total 620 91

Direct Support
Direct Support Total Costs Costs Total
Costs Costs 2022 2021 2021 2021
f000's f000's f000's f000's €000's f000's
Raisingdonations, grants 60 28 88 33 2L 54
andlegacies
Advertising, marketing 493 83 576 338 70 408
anddirectmail
Total 553 111 664 3n 91 462

D¡rect Support
Direct Support Total Costs Costs Total
costs costs 2022 202t 202t 202t
f000's f000's f000's f000's €000's f000's
Commemorative 311 Lt2 423 2L2 81 293
events
Grounds and 434 222 656 557 t73 730
memorialupkeep
Visitor operations 9s2 1,229 2,78L 868 L,t20 1,988
NMA (Enterprises) 267 267 188 188
overheadrecharge
Total L,697 1,930 3,527 t,637 L,562 3,199

Raising
funds
Commemorative

events
Groundsand
Memorials
Visitor
operations
Recharge
toNMA
Total
2022
Basisof
allocation
Enterprises
f000's f000's f000's f000's €000's f000's
Governance u, 1.1, 2T 70 11_3 Headcounl
Central 2L 21, 4L r47 132 362 Headcounl
Management
Administration L6 16 32 LTz 2 178 Headcounl
Premises 6L 62 124 434 90 77L Headcounl
Depreciation 450 43 493 Usage
Legal and 2 2 4 16 24 Headcounl
Professional
Total 1.TL ttz 222 t,229 267 t,94t

2O2lCOM PARATIVEANA TYSIS OF SUPPORTCOSTS TYSIS OF SUPPORTCOSTS
Raising
funds
CommemorativeGroundsand

eventsMemorials
Visitor
operations
Recharge
tONMA
Total
2021'
Basisc
allocatio
Enterprises
f000's f000's f000's €000's f000's f000's
Governance 9 8 18 64 99 Headcoun
Central 18 1.6 34 131 68 267 Headcoun
Management
Administration 9 8 T7 66 2 ro2 Headcoun
Premises 55 49 103 397 74 678 Headcoun
Depreciation 459 44 503 Usag
Legaland 7 3 4 Headcoun
Professional
Total 91 81 173 t,l2o 188 1,553

ET TNCOMEFORTHE YEAR
2022 2021
f000's f000's
Incomisaftercharging:
Depreciation of ownedassets 493 503
Auditor's remuneration:
Feespayableto thecharity's auditorfor theaudit of the 26 20
financial statements

|ANALYS|SOF STAFFCOSTS,TRUSTEE REMUNERATTONAN
MANAGEMENTPERSONNEL|DEXPENSESANDTHE C|OST OFKEY| |---|---|---| |The averagemonthlynumber ofemployees was:||| ||2022|2021,| |Raisingfunds|4|4| |Charitableoperations|4t|37| |Support|7|9| |Total|52|50| |Their aggregateremunerationcomprised||| ||2022|202t| ||f000's|f000's| |Wages and salaries|1,156|t,Il3| |Socialsecur¡ty costs|L00|98| |Pensioncosts|118|t22| |Severance||42| |Total|1,374|1,375|

2022 202t
f60,000-f70,000 L 1
f90,000-f1.00,000 L
Total I 2

Long Visitor Office AssetsUnder Totals
Leasehold and Facilities and Equipment Construction
Ground Fixtures
lmprovements
f000's f000's f000's f000's f000's
Cost:
At1October2O2L 2,r6L 27,737 25 10 23,933
Additions 220 T6I 326 707
Disposals 13
At30September2O22 2,38L 21,885 25 336 24,627
Accumulated
Depreciation:
At1October2O2l 1,330 2,772 25 4,127
Chargeforthe year 40 453 493
Disposals (13) 13
At30September2O22 t,?7o 3,21O 25 4,607
NetBookValue:
At30September2O22 1,011 L8,673 336 2O,O2O
At30September2021 831 18,955 10 19,806

Basisofcapitalisation Trees Total
Atcost
f000's f000's
Carryingamountat1October2O2l 348 348
Carryingamount at30September2O22 348 348

2022 2021
f000's f000's
Amountsfallingduewithinoneyear:
TradeDebtors 40 57
Amounts owedbysubsidiary undertaking 696 226
Prepayments and accruedincome 95 113
Total 831 396

2022 202L
f000's f000's
a)Amounts fallingduewithinone year:
Tradecreditors 777 75
Amountsowedtoparent undertaking 72 t2
HMRC-PAYEandNl 42 36
VATcreditor 92 37
HirePurchase/Financelease 2t 2L
Accruals anddeferred income 337 222
Total 675 403
2022 202L
f000's f000's
b)Amountsfallingdue in morethanoneyear:
Hire Purchase/FinanceLease(due between1-5years) 15 36
Total 15 36

Unrestricted Restricted Endowment Total Total
Funds Funds Funds Funds Funds
f000's f000's f000,s 202t 2o20tLl
€000's f000's
Note
INCOMEAND
ENDOWMENTS
FROM:
Donations and 3 2,284 654 315 3,253 3,279
Legacies
Charitable 4 607 10 6t7 4L9
Activities
Other Trading 4t 4L 37
Activit¡es
lnvestments:
Giftaidfrom 5 90 90 LO7
NMA
(Enterprises)
Bankinterest 6 t L 7
TOTATINCOME 3,O22 664 316 4,OO2 3,849
EXPENDITURE
ON:
Raising Funds 7 462 462 6t7
Charitable 8 2,555 604 40 3,199 3,165
Activities
TOTAT 3,Ot7 604 40 3,661 3,782
EXPENDITURE
Net incomefor 5 276 341 67
the year
Transfer between 20 5 (6) t
Funds
NETMOVEMENT 10 54 277 34t 67
INFUNDS
RECONCITIATION
OF FUNDS
Totalfunds 2'-,l2o 591 916 22,627 22,560
broughtforward
Net movementin 10 54 277 341 67
fundsforthe year
Totalfunds 21,130 645 1,193 22,968 22,627
carriedforward

20)MOVEMENTSONFUNDS
At1 lncome Expenditure Transfers At30
October September
202L 2022
f000's f000's f000's f000's f000's
UnrestrictedFunds:
GeneralFund 1,153 3,997 (4sl L,632
DesignatedFunds
Fixed assets 19,806 (4s3) 37L t9,684
Development andEngagement L7t 108 279
DesignatedFundsTotal 19,977 108 (4s3) 37t 19,963
Total UnrestrictedFunds 2'.,L3O 4,105 326 21,595
Expendableendowments*:
NMA Memorials&Buildings 428 169 (20) 577
BasraWall 28 28
Army Apprentices 38 (1) 37
DurhamLightlnfantry 16 (1) 15
BritishKorean Veterans 30 (21 28
Polish Ex-Combatants 49 (3) 46
Royal UlsterConstabulary 29 (1) 28
Bastion Memorial 47 (1) 46
Royal Engineers 83 (1) 82
Police ServiceNorthern lreland 30 (21 28
Victims ofoverseasterrorism 43 (2t 4t
Heroes' Square garden to4 (7) 97
maintenance
Royal Electrical&Mechanical 32 (21 30
Engineers
Devon&DorsetRegiment 20 (21 18
QueensLancashire Regiment 26 (1) 25
Guards Parachute Association 25 (1) 24
TheBluesandRoyals 25 (1) 24
Wrens 38 (2) 36
RoyalMilitaryPolice 2t (1) 20
Scouts 29 (21 27
National Mining Memorial 28 (21 26
RBLRemembrance Glade 24 (1) 23
RoyalArmy MedicalCorp 57 (3) 54
PostOffice 60 (3) 57
Army AirCorp 4t (2) 39
DesertRats 20 20
RoyalArtillery 31 31
Submariners 85 85
41 Club 29 29
TotalExpendableendowments I,193 492 (64) 1,621
20)Movements onFunds (cont.
At1 lncome Expenditure Transfers At30
October September
2021 2022
f000's f000's f000's f000's f000's
RestrictedFunds
AFM 481 101 (e4) 488
Remembrance Centre 130 130
Functions Pavilion 34
Memorial Woodland 386 (326) 60
OtherFunds received andfully
utilisedinyear 67 (67)
Total RestrictedFunds 645 554 (161) 13221 7t2
TotalChar¡ty Funds 22,968 5,151
(4,191)
23,928

21)COMPARATTVEMOVEMENT ONFUNDS
At1
21)COMPARATTVEMOVEMENT ONFUNDS
At1
lncome Expenditure Expenditure Transfers At30
October September
2020 2021
f000's f000's f000's f000's f000's
UnrestrictedFunds:
GeneralFund 652 3,022 (2,5t4l 17l 1,153
DesignatedFunds
Fixed assets 20,297 (s03) 12 19,806
Development andEngagement t7t t7t
Des¡gnatedFundsTotal 20,468 (so3) t2 19,977
TotalUnrestrictedFunds 21,L20 3,022 (3,017l 5 2'-,l3o
Expendableendowments*:
NMA Memorials&Buildings 304 L37 (14) t 428
BasraWall 29 (1) 28
Army Apprentices 39 (1) 38
DurhamLíghtlnfantry t7 (1) 16
BritishKoreanVeterans 32 (2) 30
Polish Ex-Combatants 53 (4) 49
Royal UlsterConstabulary 31 (21 29
BastionMemorial 49 (2) 47
RoyalEngineers 84 (1) 83
PoliceServiceNorthernlreland 31 (1) 30
Victimsofoverseasterrorism 43 43
Heroes' Squaregarden 130 (18) (8) to4
maintenance
Royal Electrical&Mechanical 34 (21 32
Engineers
Devon&DorsetRegiment 2t (1) 20
QueensLancashire Regiment 19 7 26
Guards Parachute Association 25 25
TheBluesandRoyals 25 25
Wrens 38 38
RoyalMilitaryPolice 2l 21.
Scouts 29 29
National Mining Memorial 28 28
RBLRemembrance Glade 24 24
Total Expendableendowments 916 315 (40) 1 L,193

21)Comparat¡ve Mov
Funds(cont.)
ementson
At1 IncomeExpenditureTransfers At30
October September
2020 2021
€000's f000's f000's f000's €000's
RestrictedFunds
AFM 4TL 165 (ss) 48t
Remembrance Centre 130 130
Functions Pavilion t: (14) (21
Memorial Woodland 4 (4)
Covid-l9 support
National LotteryHeritagefund 429 (42s1
FurloughGrant 20 (20)
OtherFunds received and fully
utilisedinyear 46 (46)
Total RestrictedFunds 591 664 (604) (5) 645
Total Char¡tyFunds 22,627
4,OO2
(3,661) - 22,968
22)ANALYSTSOF ASSETSANDLtABtUTtES BETWEENFUNDS
Unrestricted Designated Restricted Endowment Total
Funds Funds Funds Funds 2022
f000's f000's f000's f000's f000's
Fixed assets 684 L9,684 20,368
Currentassets 1,638 279 7L2 r,62t 4,25O
Current liabilities (67s) (67s)
Liabilities>than1 (1s) (1s)
year
Total 1,6?2 19,963 7t2 L,62t 23,928

Unrestricted Designated Restricted Endowment Total
Funds Funds Funds Funds 202L
€000's f000's f000's f000's f000's
Fixed assets 348 19,806 20,r54
Currentassets L,244 t7t 645 L,r93 3,253
CurrentLiabilities (403) (403)
Liabilities>than1 (36) (36)
year
Total 1,153 19,977 645 1,193 22,968

CASHFLOW STATEMENT
a)Reconciliationof netincometocashgeneratedbyoperations.
2022 2021
f000's f000's
Netincome/ for theyear 960 341)
Adjustmentsfor:
lnterestreceivable (21 (1)
lnterestPayable 2 3
Deprecíation charges 493 503
Lossondisposalof fixedassets
Operatingcashflowbefore movementinworkingcapital 1,458 846
(lncrease)/Decrease indebtors (43s) 292
lncrease/(Decrease) increditors 272 (7s)
Cashgeneratedbyoperatingactivities 1,29O 1,063
b)AnalysisofCashandcashequivalents:
2022 202t
f000's f000's
lnstantaccessworkingcapital 524 501
Notice deposits 76L 760
Othercashbalances 2,134 1,596
Totalcashandcashequivalents 3,4L9 2,857

c)Analysisofcha nge¡nnet debt:
AtlOctober Cash-flows NewFinance At 30 September
202L f000's Leases 2022
f000's f000's f000,s
Cash 2,957 562 3,4L9
FinanceLeases (s7) 2L (36)
Total 2,800 583 3,383