## 



## 

||Page|
|---|---|
|Reference andAdministrativeDetails|T|
|Trustees'ReportincorporatingtheDirectors'report(includingthestrategicreport)|<br>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<br>floodingandotherextreme weatherevents.|Thewebsiteiskeptuptodate detailingany<br>accessibilityissues.Thetemporary|
||exhibitionprogramme should helppreserve|
||visitornumbers duringperiodsofinclement|
||weatherandminorlocalisedflooding.<br>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%<br>Roadways andpaths<br>-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<br>462|f000's<br>43|<br>€000's<br>490|€000's<br>995|f000's<br>728|
|Gifts inkind*|178|15||193|L7|
|Legacies<br>Generalgrants(see3a|108<br>1,958|486||108<br>2,444|2l<br>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:|||
|-<br>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<br>funds|Commemorative<br> <br>events|Groundsand<br>Memorials|Visitor<br>operations|Recharge<br>toNMA|Total<br>2022|Basisof<br>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<br>funds|CommemorativeGroundsand<br> <br>eventsMemorials||Visitor<br>operations|Recharge<br>tONMA|Total<br>2021'|Basisc<br>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<br>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|<br>(4,191)||23,928|





## 

|21)COMPARATTVEMOVEMENT ONFUNDS<br>At1|21)COMPARATTVEMOVEMENT ONFUNDS<br>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<br>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||<br>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<br>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|



##