COMMONWFALTH WAR GRAVES FOUNDATION AINNU2IL REI)()RT r,OR THF. YF.AR F.NDF.D 31 LMARCH 2022 CHARJVI RF,.GJSTRATI(IN NLlIvIBF.R 1171(J47
COMMONWEALTH WAR GRAVES FOUNDATION Financial Statements for the year ended 31 Match 2022 Contents Page Reference and &idm]nistrative detlIS A messALre from our Chair Tru5rees' Repcjrt Trustcc8' Rc%ptinsibilitic% StAt¢m¢nt IAatpeAdtnt Auditor'5 rtport 9-12 FinanciAi %tatemtnt% 1_3-1_5 PrinapRI Accounting PoliciL5 16-18 otes to tht FinAnci21 Statements 19-27
COMMONWEALTH WAR GRAVES FOUNDATION Trustees Executives and Advisors for the year ended 31 March 2022 Trustees: Damc Judith Ilai,hciv Jonas DBF,. (Chair) Major General Alastair Bmce KStJ ()BE VR Lady Luc}. French OBF. {re5igmed 22nd August 2022) The kInn Kei'an Jr)nes TrIP Ire&ppr)inttd 6th September 20221 Sir,Idrian Alastait M()nt2£ue CBE Caprain Singh-sohal ITR Mr Terence Flewctt Ircsignea ?2nd ALigust 2022) It JuliAn (appointed 6th SeprtfflbLr 20221 Chief Executive: Clairc Horton CBr,. Executive Director: John Grain Registeted Office: 2 Marlnw Road. Trlaidtnhead. Berk%hire, SL() 7DX Bankers: HSBC, The BoulcNard, CrA,lL},, l¥.'e%t SUex, RHIO IUT BNI) I}1bS Forus, Korte TorhoutstraAt 1, 8900 Ieper BNP Paribas, Ccntrc d'.4ffiircs N<)rd dc Francc F.ntrcpriscs, 140, PaTh-.is de Rorterdam, 59777 lille Auditors: BuzzacL)tt. 130 IKiJod Srreet. LLindL)n EC2IT 6DL
COMMONWEALTH WAR GRAVES FOUNDATION A MESSAGE FROM OUR CHAIR It EiTas another }ear Th-here COI'ID-IL) continued to jnip&lCt hugeli, on both our progran]mes and our fundraisinx resultinKT in man}. of our planned actririties beinKT often delai?ed or even cancelled completeli.. Chief amon¥5t these ,S oiir first ever Carol SernTice t the Ro!',ii fylihtari. Ch&ipel in I1]dlI, hICh had pJ"umised ro be a m4rical evenin&,. Debplte this, T ain deligFhred thar The still recorded some siyJificant ucce%%e% and i)ITerall, the F()undau()n c()ntinue% t(} grow and deiTtI()p as the education charit}T of the CummUne]th W'-ar GrAI-es CummibSiUn. Despite rhe p1ndemic, Our E}'es On Hands On N"c)luntter prI)ra1Me has cc)ntinued t() pti)i'e a hugre success. B}.. tlie end of the l'tir ntarli, 2,111111 volunteer% Th'ere actii-e up and dDivn tht UK, 2nd close to 11111,111111 hC&idEt()nL ll()w bten inSPLCtcd sinct thc pr()gFnmtnc l<iunchcd <2cr()s8 alM()t 20,000 h()ur% i)f acuvity. Bec&lU5t of COV&D-19 the Kanror Spe&ikers ITnluntetr Prr)gramme delii'tred the majority, nf f&ilks virrually ro thc cnd tif 2fl21. hut t2rlv 2022 mtli'c than 200 trlincd i".nluntccr8 wtrc starting tn gct r)ut 2nd 2br>ut tn talk abuut the ivork nd hisioti of Ihc Commr)nThealrh 11 GrATr-es in Far greater nuniber.%. In all oicr C)1111 talks wtrt giitn Nvith nur 8pe£Lker% rtceixiing unifr)rmli cAcell£nt feedbAck in terms (If qualiti.- and en¥y"n]uit. Elsewhere membership numbtrs remi& inea stable, and we ipere forttinate to benefit Eroni generoiis grant awards from thL MacRobLrt'l'rust and thc Cado£an Charits., as iTrcll ab a hold a vcr! buccL%%ful N'irtual Ivalk eN"ent that ra15td oi'er £2U,000 from more thin 400 participants and sponsors. l£gici' notifications and incom¢ 'Cr¢ up and a]1 of thcsc factors mc%n 'C arc #bl¢ to plan tror thc futur¢ 1th confidcncc, '1th som¢ exciting new project5 and progr1& mme5 in devtlupmenr. Finalli,, l iv()uld like tn recr)rd mi, thank% tn mi. ftlloTh, TrLLStets for their very, Th-elcomt guidance, sllppnrt and conrributions ol.er the }-ear. DocUsdtsy'. D73EABFQDEE9 Chair Df Triistce Date.. ()th september 21122
COMMONWEALTH WAR GRAVES FOUNDATION Trustees, Report for the year ended 31 Match 2022 Introductlon The Trustees present their report and &lCCOilllts, for the Foundation's fourth operational }'ear, ending on 31 larLh 2022. Structure and Governan¢e The CommnnTh'ealth Wiir GraiTes F,nundAtinn ("rhe F,c)undiltion" or 'CWIGF,") is a Charitable Incorporkted Organi%atir)n ICIOI, goi'erned bi, its Consrirution, regi%tered on 8 .Nlarch 2017 t]d %ub%tquendi amended c)n 6 NIA}- 2n17. 'fhe r,oundxtic>n i8 reLTisrered ivith the Chxriry.. Cc>mmi%%inn of F.n£land & Wmles (chmrity registri& tion number 1171947). The Poundation has dsn estl& blished nd regisrered branches in.. Belgium (cnrcrpri£c numbcr 0689.789.2891. #nd in F,r3ncc (Sirct numbLr 8.10 666 645 0001.31, govcrncd undcr the %#mc consiiiutinn. Thc fi)mmr)nwcalth iK'Rr GrAiTCS Cnmmi%8inn f'thc Cnmmi88inn" or "Cll'Gf"), an r)rgani%atrnn c%tabli,£hcd b}.- Roi'il Charter in Lll&ii 1917, 1% thc sole member of the Foundation. The Found&itioll 1% sub%idiiri of thc Commission. Thc Commission is not a charity as its purposcs Arc not cxclu8iN'cli.- charitablc. qember5 of the Foundauon'b Buatd of Ttusree5 are appointed b}, the Comnii5bivn' the fflajoriry.- of the FounaAtion'8 Tni%tees are nrit I"t)mmi%%ir)ner%. The Friundatinn'% c.hief Extciitivt al%rJ %eThe8 the Commisbiull'b Director General. Four Trustee meetinxs took place during the }'eAr. New TrLL8t¢¢%' induction is proiTid¢d bi.- m¢¢tinLry th¢ Foundation's (-hi¢f Ex¢clltiv¢ aionby%id¢ m¢ttinL th mttnber5 of rhe Commi5510ll'5 senior mxnagTremeni teAm. ObJaetlv•s and actlvltles The objectii'e5 ()f rhe FoundArinn Are.. To promr)te nd %upprJrt the intenance and upkeep rif gr£ll'e%, cemtteries, building8 and memorials fnr the burial and ci)ninien]i)ratii)n ()f tneniber5 1)f rhe Nal, tnilitArn". and arn]ed f()tceb fri)m c()untrits IIF the (.rJn]mr)nweAlth Kvho Kvere kJ"Iled duiing the Fir%t l¥,ord or the Stcond l¥.'orld I,r anYThere in thL 'orld, IA P2£ rricul<ir (but ivirhout limirationl throu thL SUPPf)rt of chl< rirable acriiTiti£s undLttakLn (b) To advance cit17.cnship #mun% the pcoplc of thc CummonThcalth through the commcmoratiL)n OF mtn]ber5 of the naal, milit&iri' and <irn]ed forces Erom countries of rhe Con]monwedth UTho UTere Lilled durinx thc First IYIorld Ix'ar and thc Sccond iK'orld W'ar. and (c) To advance the educallon OE the public, especiall!, }'oung people, in rhe history, of the Firbr l¥Iorld l¥I and thc Second W'-orld lilar. Irt particular (but withoLLt limitation) thrOUgh adanCing cducation irt th¢ live5 of those conimemorated b}- the Common't1th li'Ar Grave5 Comniis5ion 2nd in the histori- of the ccmctcricg, buildin% and mcmorials maintaincd b}, the CommonwLalth Ivar Cjravcs Commission.
COMMONWEALTH WAR GRAVES FOUNDATION Trustees, Report for the year ended 31 Match 2022 Th¢ Foundation's strateilc obj¢ctiv¢s are.. th¢ building of public cnL4rmcnt progrr2mm¢s the Th'id¢r communitt. in th¢ stori of our common sacrifice shared history Initi!, focu5sed around sites and war gr2& I'e5 in the LK,. the creation of education&il resources and a progThmme of educ&itional support and actii'ities,. nd the develr)pment and %ponsr)rsliip nf internship programmes for }-.outh guides from rhe Cnmtnonlvealth, at the Commissic>n's mxin site% in Belgium and f,rani¥. The Trustee.% confirm thi& r thei I)a'e referred to rhe guidancc publi%hed by rhe Charit}, Commission in regard tc) public benefit "hen reTrithing the r,c)undation's objeLtIlTes and plannin£ future dLtiTrities. Activities and Achievements Dcspitc th¢ ongoing impact of thc pAndemic. th¢ FnLindAuon mgd¢ progress in the following Arcas.. Gtthv membership supporter numbeLS to 1,496. DeliNered oi.et 600 ralks from trained i'olunteers in the Speakers Proxrmjme and iTia CIK'GC Public Engagement Co-ordinators. The ()nline ver%itsn i)f the N()or Ini!-.at I(han exhibitiL)n, celebr&itinL the hfe of Specid ()per&iU()ns .xecutive Noxjr Inl<}'Ar FJian rransitioned b<1ck ro tht Runn}rynedt Memori11 unce COIIID_19 r¢8trictions tas¢d. Th¢ F.!T¢S ()n Hands (In volLLnt¢¢rinL prc)gryamm¢ r¢8um¢d fLiII!'. Ift¢r (-(IVID-19 restrictions ¢xsed 2nd at the end ot Trfj1rch 2022, alillost 2,000 criNe voluntetts had inbpected alillost 100,000 headbtont arnund the UK. and cltantd r)r clt&irtd almr)st 13,111111. As a rtsult nf in%pectinns. tht Comn)i88ion h28 betn able to c()rrtct 157 trr()rs in ()ur hist()rical reci)rds and atchiiTes, rePl<e 54 htadstones Iiai-e 593 repairs r)r cr)rrectinns carritd out our Oper1& tions ttam. Our fJr%t virtual fLTndrai8ing cvcnt (Walking Our GraK'¢8 - The l¥'¢stcrn Frnnt) IAunched in April and s a greit 5ucces5, r?& ising over £20,000 Erom oN'tr 200 participAnts aiid ne14 rl! 500 5pon50r5. Tht FoiindatioA rtbrindtd to become more aligned Thryth the new Commission bt2t]ding 2nd a150 d¢i'¢lop¢d and Igunched its OllTn w¢hsitt in Nnvtmher 21121. Thc FoUdtIon dcp¢nds th¢ siipport frnm th¢ Commission, th¢ Commi%%inn'% IToILint¢crs and its volunteers for their deth"Cl& tion nd commitment to the delii'en, of the charitable &iCtiI'ities. It] the year, 1,905 voluntccrs gFaVC thcir timc and encrgn." an cstimatcd 15.021 hours, with an Cstimated valuc uf £134k. Buslnass Plan 2022-23 The Foundation'5 ke}, deljiTerables in 2022/23 are pl&inned to include.. Developing neTh' outreach and educ&iuon progr&mMeS in partnership wilh Ihe CW'GC. Re%rarting the Intern% (now called Guide%) progran]me in France Belgiun] assuming COITID.19 rcstrictions allo.
COMMONWEALTH WAR GRAVES FOUNDATION Trustees, Report for the year ended 31 Match 2022 R¢g]bterinx tht FL)undariun as a charitable otxanisarivn in Scodand. Further imptovemenr5 in tn%awng TrKth supporters and grOan¥ membership, in oirder ro fund the nninx costs otr thc Foundxtion. R¢cruitm¢nt ana trainingk of aadition8] voluntccrs for thc 'F'.}."¢s On Hands On" projcct which Mill prui'ide COiTeragTre of berween 80-' 8i'/D of SC2& ttered pes in rhe UK. Ne, Noluntetrs coinmenc "hands on" gryii'c m&intcnancc followinby appropriatc tr&ir)inb. Incrc&sing r>ur fundraisit]g c&paciti hy rccruiting twa ncw pasts fnr Ei?cr)ts and fnr TStS (-nrpr)rate fundraisers. Repeating our iirtud ipalk &2nd Footsteps 06 our Forces eleiits. Holding n open ei'ening ei'ent at Brookwc)fKI and the Carc)I Cc)ncerr at the Roi?#l Guards Chapel in l.nndnn. In%txlling contxctlc%% donxtion st#rion% in thc Visitors Ccntrc in F,rAncc #nd thc InEomiArion CLnttc in Be1m. Further dcvelr)pit)g incr)me %tream8 friim dtinatinn%. la %urpluses from the %ale OF new 2nd updated merchandise at the Commib5io)n'b Ieper Info)rmRtion Centrt and French Vibitot Centrt. Volunteers policy The Fuundallon encoura%es, I4Telcome5 and reco)gni5t5 I"olunteer5. The}, Eulfil a variets, of toles including.. acting ()ur el'es tArs ()n the brr()und f()r the "Ei'ts C)n I lands ()n" pr()jtct," tauCAttn¥ and inf()rminbr tht 'ider public un the Commission's wurk havingF rectii'ed ttainiA.¥ funded bi". Kantur,. and suppurting cure FL)uAdition actii'it}, frttli, lendingy their umt 2nd skdl%. Remun•ratlon polley for key management personnel ThL FIiLLndatitin's kti management cnmpriscs the TrLlSttcs, the ("hief EiecutiiTt and thc Executive Directnr., h()MTever, Ttte art unpaid, and rhe Chief ExecullN"t is ni)t remunerartd bi-. rht Fi)undari()n. During rhe Ve under reiitTh' the FrJund2ur)n had ju%t fr)ur empln}'ee8, NTii nf UThom were emploired nn fiked term crjntracts. The F()undati()n's appr()Ich 1nd p()IiciT ()n remunerari()n f()11()ws rhar ()[ rhe C()tnniis5i()n, which is that remunerauon IciTcl% arc in Line 1th meth"In m&irLet diita for the not-for-profit 8ector e8tablishcJ from St21?1 tb survL}' and benchmxrk dar2& . Thc Cummissio)n agreed rhat during thL Fo)undatio)n's st?1 rr-up pLtiod, until it £rcc c2.%h tr) pa!, lor Administratir)t). finance markcting. tl)at it ivould prrjvidc h2ck-r)£fice 8upprirt free of cliarge. Top Risks and Mitigation The Found&itiL)n m&iintains a register of risks and their mitigation. Risks are tegorised 15 (Iperational, ReputatiL)nal, [,inclAI, ur C()VID-19. mirixarion measures are identified fut each one. This regisrer is monitnrtd bs, management and the Tru%ttts to it 1% kq)t reltvant and up to date. The top risk under eAch cat£gorJ' is.. C)perationd.. ()vercomtnitJnent on project acuviry. before funds are reCeIed- which 15 Jnitigrittd througTrh business planningi, comprehensii."e project management and KPI measurements. Rtput<1tiOn<11.. Threat i)f c},ber security bre1< ch/hacking,1I4Tebsite malfuncti()n - niitigArtd thri)ugh bt2fE rtaining,, intern21 fr txperuse and resnurcts and Cle reporting guidelines. F,inanci#l.. Insnlvcncy- mitibY#tLd bv h#vin£ a re%ernTCS polie)-, finkncixl c()nrrc)ls And rcpnrting.
COMMONWEALTH WAR GRAVES FOUNDATION Trustees, Report for the year ended 31 Match 2022 COIIID-19.. Funders, prioriue5 change (short-tertnl fuiidri& ising income is &iEEecttd bl closiires, del&il'S aiid rcccssion. 'lThcsc arc miti%atcd b!. prc-planning %0 that projcct8 #rc primcd to %tArt when rcstrictions alloiv, preparing funding proposals, and assessing new Eunding opportunitie5 and streams. Reserv•s The Foundation's re5erYe5 at 31 March 2022 were £453k, 5pht beThTten £353k restricted and £IOOk unrestricted. The Fuundatiun has set reseri.-es tarLiet of £48k L)f unrestricted reserves. This level of reserve is considertd Sufficient to coi'er the costs arising on the windup of the koundation and R4TDuId.. Crji'er the redllndanc! cost% of tht Fnundatinn'% employte%,' and l£ike proiTision for earli tern]inAtion of lly Other contr2Ct8 currentl}T in place. At Nlxrih 2022, available unre8triited reserves of £1 CKlk exieed rhe tqr£et of £48k by 1080/0. There IS A loan f2ciliry' Sull 21"<lilablc from CKY'GC which C<ln bc drawn awnst, rhi% supports Ani-. hOr[-tctM cash i88ue% which includes m2naging the expcnth.turc r)f the fr)und2tir)n. Financial results for the year ended 31 March 2022 Th¢ FoLindgtion's incom¢ was £416k cnmprising unr¢strict¢d incnmc of £.-367k and £,49L ()f restrict¢d income. Over 81D/D OE unresrricted inconie, £298k, came trom don1tiOn5 and leycit5 aiid doii<lted 5eTh-ices iwth the r¢m2ind¢r from th¢ %upport¢r%' Sch¢m¢, £illk. and tr2&"ng incom¢ from r¢tsil &ctiiryti¢s of I".l()k. Restrict¢d income comprised £49k of donations from the NSacRobert Trust tor the 2023 Speakers programme. l.o%t8 of £37()k wtr¢ incurr¢d. l<¢i' exptnditllr¢ it¢m8 '¢re.. gryants of £7k to compl¢te th¢ Kantor'% sptaL¢rs pru%ramme' stalfingy cosrb o1£222k. L97k lor direcr and buppuittr scheme cosrs, alongr iTrirh £,50k incurred L)n tnarkettng. Iveb sitt% co8t% and prtife%%ir)nal co%t%. The outcome was a surplus of £40k (2021- £316k), made up of # £1 k- unrestricted deficit12021- £67k surplus) and a £41 k restricitd 5urplu5 {2021 £249k). Unresrricted incnme colered tlie unrestricted costs, and the restricted surplus relates to iniome receii?ed from the Ni laiR()bert Trust Eor spending in rhe folloIng l'ear. ThL intcrgri)up bi< lancL (nLr) bLrwcLA thc ComniibEi()n Rnd thL. F()undari()tl £12.Ik ar rhc }.-Ci< r-L'nd (2n21 £fl.4kl. 'fhc balancc shcct stock i'xluc nf £12k compriscd gift itcms, bn()ks, maps and pins. ,4 proiision h*s been m&2de for sloTh-moving stock. Bank b<il<inces the }'car-end wert £475k {2021-£415k) of Thhich 750/0 rclatcd t() rcstrictcd gctiN'itics. The 2022123 budget anticipktes a loss L)f £350k Eor rht Fuundariun which b¢ funded frL)m the FuundariLin'b restricted and unrestricted rt%enTe8, accumulated Eron] the income for project% in the prior 2 }Tear%, which be cvmpleted b}. CII'GC throuxh 2022123. Thi5 report was pproved b}. the Trusrees on 6 Septttnber 2022 and signed on rheir beh216 bi.. Dame Judith fvla!,ht Joni& s DBF. DocusnIdtsy.' Gi EE9
COMMONWEALTH WAR GRAVES FOUNDATION Trustees, Re$pon$ibi]ities Statement for the year ended 31 March 2022 Th¢ Tru8tets are r¢spc)n%iblt for preparinik th¢ Trust¢¢s' Annud Report and the financial statements in accordance uqth applicable law and regul2tio)n5. Th¢ (-hxriti¢s Act 2011 r¢qiiires the Trustees ti) prepar¢ financiAi stat¢mcnts for ¢ach finAncial Tr¢ar. Th¢ Trusteeb haNe to) prep1< re the financia] 5tarements in accordance with L-,nited kin{dom Gener111v Accepted Acc()unting, Practict (United Kingd<)m Acci)iintinL Stand&ird% and appliciblt law), including, FRS 1112 The Fin1nci<11 Rtp()rrin&r Standard <ipplicable in rhe IIK and Republic ()[ Ireland. The TstetS musr n(Ir Appr()ve the financial 8tattn)tnt8 llnle88 the}.. are 8&1tisfied that thty give a true and fair i'jeRIT nf tht %tate 0£ affair% rjf tht cliaritt.- and ()Irhe inc()me and expenditute of the ehariti, Inr rhat period. In pteparing these financial statements, the Tru8tte% art required to.. sdect suit&ible accountit]g pohcies nd then &ipplI' them consistend}- iih.%trvt thc methnd$ 2nd principlcs in thc C-.h2ritics SORP (FR$ 1n2)' mikc judgmcnts and Accounting csum2tcs that arc re2sonablc and prudcnt,. statc whcthcr applicable UK ,Iccounting Standards haiic bccn followcd, subject to an} material dep&irtures disclosed and expli& ined in the financial stl& temtnts., prepare the finincial statements on the going concern basis unless it 15 inappropriite to presume that the charirn.. will cuntinue in business. The Trusrtt5 are re5pon5ible for keeping adequate iccountin.£ records thar are sufficienr ro shoTh' and explAin tht chariti s trans2ction$ 2nd disclosL UTlth reasonable £Lccurack' 2t 1r timc the fJn2ncial position of tht charittp and enable them ti) tll5ure that the tin<2ACi1& I statements coniply i4Tith the Ch1< ririt5 Act 2011, the Chaiity, (,Iccounts and R¢p()rts1 R¢LUlation$ 2008 2nd the pr()ITj81{)n8 c)f the trust a¢¢d. The}T ir¢ also re8p()nsibl¢ tor Safeguarding tht assets of the chariry, and hence for king re&isonablt sreps for the prevention and detection of Fraud and ather irregularsties. Disclosure of information to auditor The Tru8tees c(InfJrm thxt= so Far #s Lach 'l'ru8tcc is awarc, thcrc is no rclcv*nt #udit information ol which thc charity,'$ auditor is unaivare. and the Trusrees hAI'e taken all the steps that tht}' ouxht to have ti& ken a5 Ts[eeS in order to make thcms¢lvcs au.arc oF#ny rLI¢ant audit infomiation and to cstablish that thc charity's auditor is awarc of that information.
Independent auditor's report to the Trustees of Commonwealth War Graves Foundation Opinion X,e hai-e audited the accL)Unts ut CL)mmonM-edth IY.'ar GraNes f,vundatio)n (the 'charitr,') fL)r the )-.ear ended 31 larch 2022 which co)illprise rhe starement ot financial acllNirieb, the b111nce sheet, the sritement olcabh floMTb, the principal iccounting, p)hcie8 nd the nates tri the &TrCC()unt%. The flnancial rep()rung frameTh'()rk that h28 been #pplied in th¥ir preparation is dpplicable laiv #nd Ilnited Kin£doim Accounting Stkndkrds. includin Financial Rtportin&, St1< nd1rd 102 'Tht Fin<incial Reportin&, Srandard %pplic1< ble in the IIK and Republic ()f IrelÉind' (United Kingdom Generall!, Accepred Accniinring Practice). In (iur rjpininn. the 2ccr)unt%'. + give 2 truc at)d fair vim ()f the st2te nf tht ch&riti $ 2ff2irs as at 31 Nl&rch ?11?2 2nd ()f its incr)mt and tXPLnditure fur rhe year rhcn tndLd. • haiTe been properlv prepared in Accordance with United Kingdom Generi& ll} Accepred Accounllng Pr2ctic¢,' and • haiT¢ bc¢n pr¢parcd in accordanc¢ ivi¢h th¢ requircmcnts of thc Charitics Act 2011. Basis for opinion Xle conducted uur 2udit in xccord#nce I1th Jnternarivnal Standvds on Auditink (UK) (TSAS (LK)) xnd applicable la,. ()ur rtsponbibilirieb under rhose standatds ate lurther described in the auditor's re%ponsibilitits for the udit of the accounts %ection r)f nur report. Wt are independent nf the charity in acco)rdance rith the ethicAI requirements thdf xre releiTant to) our #udit L)F the kccuunts in rhe LIK, includin tht FRC'S Ethical Standard, <lAd Te Iiai'e fulfilled ()ur ()ther tthical resp()nsibilities in c)rdanCe wirh these rtquirenients. li e ble"e that the audit eiTidtnce we Dbt&iintd 1% 8ufficient apprnpriate tn prDvide a basis fnr ()ur npinir)n. Conclusions relating to goAng concern In auditing thc accounts, wc h#Nc concludcd that thc'l'tustccs, usc oEthc £i)ing conccm basis oEaccountinE in the prtparauon OE the accounts is appropriate. sed on the UTork R4T£ haiTe performed, Ive have not identified an} n]aterial uncertainties relating to tvtnts )r cnnditi()ns thxt, individuall!T (Ir c<)llecuvtl}-' mx!. ca%t sig]rIcant di)iibt i)n tht charity 8 abilitS' ti) cantinue as % LFuinkr cL)ncefn tur a period of at least twelve munths Irum ivhen the accuunts are AuthL)rised for issue. ()ur responsibilities atld the responsibib'ues of rhe Trusrees Mryth respecr ro going concern are described in the rd¢vant s¢ctions of this report.
Independent auditor's report to the Trustees of Commonwealth War Graves Foundation Other infonnation Tlie Trustees are responsible for the other infortnauon. The other information comprises the information ncludeJ in tht annual rep()rt ()ther than the acc()unts anJ <)ur xudit<)r'% repi)rt thtrei)n. ()ur ()pini()n ()n the accuunts dues ror coer the uther infomiatiun and we do nut express ani, form Lif assurat)cg cunclusion thtreon. IA coAnectlOA With our audit nf the accnunts, nur respnt]5ibiliry is ro rei& d rhe oiher information and, in dning Sn, Ctinsidtr whcthcr the nthcr infnm]atir)n is Materi[11". incr)nsistcnt with tht gccr>unts nr nur knr)wlcdgc ()bt<iined in tht Audit ()r ()rheniqse 14 ppears t() be materi<111y mibbri< ted. If we identify-. such material incon%i8tcncie% or pparcnt material remenrs, Th'e are required to d£tern]iiie whcrher rhere is mireriAi misst&ttmcnt in the accnunts nr a m&ttrid misst2tcmcnt af the ntlitr infnrmatian. If. based nn tht wark wc hai'e perfi)rnitd, we c()nclude rhat there ib a niArtfii< I nii5statemeAt ()f this ()rher inf()rmati()n, are required We haie nothing to report in this regard. Matters on which we are required to report by exception W¢ haiT¢ nothinii to report in resp¢ct of th¢ following matt¢rs in r¢lation to 'bich th¢ Chariti¢s Act 2011 requires us ro rtport fo }TOU if, in uur L)pinion'. the informatlL)n ¥il7en in the Trnstees, annual report is incL)nsisteAr in any Materi respect Mrh the acc()unt%' or suffJci¢nt &ccountingi rccords hai."c not b¢¢n kcpt; or tht iccr)unts &rc nr)t in agrtcmcnt with tht &ccnunting rccnrds 2nd returns. r>r e haN"e nnt received all the inf()rm#ti()n and explanati()ns we require Ii)r ()ur audit. Responsibilities of Trustees As explained more fully in the Trnstees, re%ponsibilities statement, rhe Trustee% are responbible for the prep&iration OE the accoiints nd for being satisfied that the} gil'e a true and fair vieuT and for such internal control as thc Trustccs dct¢rn]sn¢ is ntyc¢ssar}' to ¢n8bl¢ the preparation ol accounts that arc Fr¢¢ from material misstatement, Ihether due to fraud or tttor. In preparingy the accounts, the Trustceb are reswJnsible fur abbebsin¥ the ch2rity-'s abilit5. to co)ntinut as a going ct)ncern, disclosing. a% applicable, matter% related tn griing cnncern and using the xoinLk conctrn ba%is of accountinir unlcss th¢ Trllst¢¢s eithcr int¢nd to liquidatc the charity or to c¢ase operations. or hav¢ no re11istic alternatIc but to do Auditor 5 tesponsibilitie5 for the audii of the accounts Our objeclliTes are tn obtain reasnnable a55urance aboui whether the accounts a5 a whole art free from m<eriAI mi88t2ttmtnt. UThether due to fr&iud Dr error, to i%%ue an uditor'% report that incliides nur c)pinion. Rc#%c>nxblc #s%ur%ncc is # high Ici.-cl <)F 2%8ur*ncc, but 1% not # gu2rxnrcc that #n Audit ci)nductcd in ccordance with ISAS (LK) will 411,1, vs detccr a material mi55tatemenrwhen it exist5. Llli55tArcmenrs can arise io
Independent auditor's report to the Trustees of Commonwealth War Graves Foundation from fraud or error and are considered material if, individuall!, or in the a&£re[e, the}, could reasonablTr be cxpcctcd to influcncc the cconomic dccisions OF ugcrs takcn on thc basis OE thcsc accounts. Irrcxulaiitics. includinx fraua. arc irtstanccs of non-compli4ncL '1th la% and rc¥ilations. W'L a¢si4n procedurts in bne wtli our rebponsibiiities, oudinedi <buvt, to derect niArtriAI mibstatements in re5Ptct of rregFularities, Including fraud. The extent to which our procedures are C&ipable of detecting irreg[£rIlle5, ncluding fr&ud is dct2iltd btlow.. the en¢ent parmer ensured that the enE2gement team collecriiTeli, tlie appropriate competence, capabilities and skills tn identify ()r recngnise nnn-cr)mpliance with applicable law% and regulatinns; L ubtainLd an undLt%randin¥ of rhL ILgRI <1nd rL¥uIItL)tTr". framLwork% thRt arL appbc<1blL to thL charity, Rnd dttern]ined that the mrjst %ignifici& nt tramework8 Th-hich are directly relei'ant to %pecific as8ertion% in the fin&nci21 st2ttmcnts xrt thnst th2t rtl&tt tii thc rcpiirting fr2mcw(Irk (Statemtnt of Rtciimmtndtd Practicc.. Accounting and RLwJftin¥bi". CharitiL% prLparing thLir accuunts in RccordAncL with thL Financial RLWtring StanLlard applicable in the Lnitcd Kitigdom nd Republic of Irelaiid (FRS 1021 and the Ch&irities Act 2UI 1) and those tliAt rclatc to dAta protcction (Gcncrkl DatA Protection RL£ulation). idcntificd laws and rLgulations ivcrc communicatcd within thc audit tcam rc%ularl}' and thc tcam rcmaincd alert tri in%tanct% OE nnn-compliance throuLihout the audit. We a%%t%%ed the %llscepubilJ"ty' ()[ the chariti % financial %tAtemtnts tt) material mi%%tatement. induding obtaininLF an undersrandinkF vf huw fraud miLht vccur. by.. In&1kingF tnquiries of mAnagTremtnt a5 to their kAQ?,1edgTre of Acrual, suspecrtd and allegytd fr<1ud,. And considering the internal contrrJl8 in pl(e to mitiyte ti%k% of fraud and non-compliance with law% 2nd TO address the risk of fr&lud thr()ugh ni&1nagement bi25 and override of contro15, we= pcrf()tmLd Rnal!.-tiCl< I pri)ccdurcs tn idcnriFI' an}. unusual ()r uAe%pcctcd relati()nship%; ttsttd jnLirn2] et]trit% ta idtntifi, unu%u21 tr2n%ACtinn8' ssessed wherher judgemenrs Ind a55ulliption5 niadc in derermiAing the accounring estimates were indicative uf potential bias., used data analsttics to inTrTesugatt the ration&ile behind an}- sigrnficant or unusual transacuons; tcstcd authorisation controls on cxpcnditurc itcms, cnsursnlr a]1 cipcnditurc Th'as approvcd in linc with the charitlT s financial procedure8. There are inherent limit&itions in our audTrt procedures described aboi'e. The more removed that laws and rcLnilati()ns ar¢ fr(Im financial transactions, th¢ l¢ss lik¢ly it is that w¢ PoU[a b¢com¢ a,4r¢ OF non- comphance. Auditingy srmdards 11su liinit the audir procedures required ro idenrifi.- no)n-complianct ryth laws and regTrulations tu enquir}' of the Trustees nd other in&inagement and the inspection of regulatury and Icgal cnrrcspnndencc. if l#teri#l misstitements th#r #ris¥ due tr) frAud can be harder to detect than those that #ri8e from error 2s Ihe}T involve dcliber2rc concc&2lment or collusion.
Independent auditor's report to the Trustees of Commonwealth War Graves Foundation A further description of our respon5ibiLities for the audit of the accounts is located on the Financial Repnrting (.ouncil'8 UTeb%ite at wwiv.frc.or¥.uk/auth"tar%re%pon8ibilitie8. Thi8 dt%criptinn forms part (If our auditur'b report. Use of our report This report 15 de sulel}' to) rhe chAritt s Trubrtt5, a5 a bod), in Accord1nce wirh 5tcti()A 144 of tht Chl< ririe5 ,.Ict 2011 and -ith regulations made under section 154 Df rhi& t ilct. Our audit Trrk has been undertaken so that wt miglit statc tn thc charity."'s Trustces thnst matters ivc arc rcquircd tii statc tr> thcm in 2n auditnr's rtpr)rt 2nd f()r n() i)thtt putp()se. T() the fullesr txrent Pttmirted by12iv, we d() n()t accept ()t a55Utnt rtbp()nbibilin- t() Ini-oiie other rhi& n the charity and Ihe charity's Tru%tees as a bod},, for our audit work, for rhi% reporr, or for thc npininns wt havc tnrmed. Buzzacott LLP Statutori. Au(litor 1.30 Woud Stteet l.ondon F.(-2N' 6DI. Date.. 17 October 2022 Buzzacott LLP is eligible to Acr as an uditnr in tenns of section 1212 OE the Companies Acr 2006
COMMONWEALTH WAR GRAVES FOUNDATION Statement of Financial Activtties for the year ended 31 March 2022 testticted Funds 2022 Restricted Funds Lln. rcstrictLd Funds Total Rtstrict¢d Total 2022 2022 2021 2021 Nrjte Income from: D()natiiins & LLkTaCjC Charitable Actii'ities 298,232 48,675 346,907 1()4,224 335200 499,424 18,331 18,331 Supp()rier Scheme Incatne Otlier Trading ActitieS 50,238 50.238 41.291 41,291 18,?(H) 18.51 7,8n3 Total Income 366,970 48,675 415.645 213.318 -353,-531 566,849 Expendithre ott.. Raising funds FuAdrqTrsJng custs Charitable Activities 273,0()8 9i,i61 273,098 103,274 112.170 33,69", 112,170 138,41)8 13 104,8111 Total expenditure -3C)8,C)79 376.372 145.8C)7 104.81)1 25(),C?C?8 INet (expenditute) / income 11,6891 ,962 39,273 248,7.50 -116,181 OthLr rLC().¥Fni%cd gains /llr)qsesl 534 534 1447) 14471 Net movement in funds 39.807 67,004 248.7.30 31 ,734 Recnnciliatioti of funds TotAI tut)ds brought ffirard Nct mo.cmtAt in fund.s 13 101,763 311,721 413.484 34,759 62.991 97,7>0 13 39.807 67,004 248.730 31 ,7.34 Total funds carried forn'ard 13 3>2,683 453.291 101763 -311.721 413,484 All the kbove results dre deried From continuing dLtiTr-.ities. There were no other reiognised gdins nr losses nther th£in those stattd Aboit. Th¢ accompaniing accouniin£ wlici<s and not¢5 on pwis 16 to 27 form a17 1nt¥Eral pan of the5¥ financial 5tatgment5.
COMMONWEALTH WAR GRAVES FOUNDATION Balance Sheet as at 31 March 2022 Unrestticied FLittd% Restricted Funds 2022 RLStricted Total LIAfLStrJCtL TotAI 2022 2022 2021 2021 2021 Cuttent assets SrrJ¢k 11,938 C.a%h at bink atsd in h2nd 3.51,412 475,146 9.5.3(15 -319,738 415,103 Dcbrr)r%'. qm()unts fallinx due withill vne Irear 4.869 4,869 S2.11 490 82,491 IM,541 35",,412 491.953 191,283 32n,228 fJllirtK due -1th1n one 13J.9331 14,729) {38,662} 168,6CIll 18,507) q7,1681 Ntt Cutttnt dgsttg I,698 3.12,()83 453,291 12?,622 4.34,-343 Total as9tts les9 current liabilities l(K),()08 352.(?83 453,291 122.62? 4.34,.343 (-reditar%'. am()unt4 falliiig due after tnore rh2n i)nc Ncar 12 12U,8591 term liabibtses -3.52,()83 453391 413,484 Net aS9ets I,(Al7 3.52,()R3 453,291 101.76J i11721 Funds of the Foundation Unrestrictecl funds I[,008 100,608 101763 ",63 Rcstricied funLIs 13 352,()83 352.683 311,721 IOD,6QS 3.52,(?A_3 453,291 413,484 The financial statements were apptuvcd bj the r,oundation's Trustees on 6 September 2022 and '¢re sigmed i)n their behalf bi,: DocUsdtsy.. DOEUSntsY'. c.hair Date.. D73EABFQDEE94 Chief EkecutiNt Dare 6rh SLPtgmbLr 2022 4Q4C77CCC73t421 6rh SLPtLnibLr 2022 14 The accompallynhk accoiinung policies and notes oll pages 16 to 27 fott21 an pan of ihese flllancj statemenrs.
COMMONWEALTH WAR GRAVES FOUNDATION Statement of Cash Flows for the year ended 31 March 2022 resiricied Furlds Restricted Funds Total restricted Kestricied 2022 2022 2022 ?021 Nei c2sh prorided by/lused in) opetating act]tieS Net lexpenditurel l incijme DecrSellIn(reI5e) ill ).962 39,807 67.0114 248.730 31).". 34 1,979 1.979 1-1771 1.3771 DrCrc3scllincrcaCI in dcbror 77,1.A2 49n 77,622 149ni 11n,n.161 (Increaselldecrease in crethtnrq 12.331 I(IU9) 111,486 {rJeLTe&trl irt Intfwcbup bJlJnce Iviih CII'GC 153.25n {53,257) Q6.0241 3i,66-, 14U.354 NLt C85h pryiidLd b}-IIuSLd Inl LTrperaunst..IctiiilULS ?13()9 37 ()74 18,477 271,828 ?()_3,351 Encrease/ldecre8se} in cash 22,369 37,674 60,043 18,47D ?71.828 ?()3,-351 Raconclllatlon of not cash flow to movement In cash and cash aqulvalents 2022 2021 lovcmcnt in cash and cash cquii'alcnts 60,043 263,-3.%1 sh and cash eqllii'alents at l April 415,103 151,752 Cabh <1nd cash equivalents at 31 M1< rch 475,146 415,103 15 The accompallynhk accoiinung policies and notes oll pages 16 to 27 fott21 an pan of ihese flllancj statemenrs.
COMMONWEALTH WAR GRAVES FOUNDATION Principal Accounting Polices for the year ended 31 March 2022 'lTrc principal accountin£ policics and jud£cmcnts uscd in thc prcpararion of thc financial statemcnrs #rc.. Basis of Accounting Tlie Trusrees, RepL)rr and accL)mpan!inx financial statements have been produced in aCCL}rdl ce 1th the AcC()llnting Rep()rting b! c.h£ille.. Staitment ()f Rtc<)mintnded Pri& ctice (Sl)Rl) pphc&ible ti) entiuts preparin.4 their financial statements in Rccordance with F,RS102. and 3pplicable Lnited Kin.4dom AccL}unrin. Stand2rd8 (United Kingdom (Jcnerally Accepted Accounting Practice {C,AAPI Including FR51021. Tht F()undatii)n Inetts the dtfiniri()n ()[ a public benefit entitr". under FRSI 02. The IuAcrii)nAI currency is bterling. The Commonweilth Ivar Graves Commission 1% the snle member nf Ihe Cotnmr)t]we&ilth Ivar GraiTes F,nundhtii)n (RLk*stcrcd chxrit}' numbcr 117194D. 'fhc%c fJn%ncixl stsrcmcnts Arc thcrcfc>rc xl81) cr)n%c)lidxtcd in the results of the Commission on a linc bi, Line bA51S. Going Concern The financial %t&2remeArs I-t been prepRred on going conccrn basi. The Poundarion's financial %tAremenr8 Irc in 2 net 288et po8iti()ll tif £4.5.3..3k At .31 NIArch 21122 121121 £,41_3..Skl- The nct inttrgrnup 17212ncc h2 incrLa5cd ro.. £12.Ik oTh'Ld to rhc FDundAriuii b} thL Commission12021-£0.4k 'ca to thc Commission). Thc FoLinaatiiin currend}' ha8 Cash bAliticc% rif £47_5.Ik 1211211-£41_5.ILI wliich will crii'er it% grant actii'ities and eneral runnin% cobts. in 2022-23. The FL)undation expecr5 its memberbhip, doiiationb and other incunie tu borh conunue and grow oi.er the medium term, the charit}. Incrta8e.% it8 abihti, to hoch idtnuf} and attract ne sources uf granr and charitable fundin%. Trustee5 haRre approved budxet for 2022123 iTrirh forecast income of £446k, split between £398k unrestricted and £49k restricted. Ba&tea cosrs iDdude LFrants to rhe Cominission L)f £-,339k. ttnplL)Tr'IMent Costs uf 1'269k and direct & runlling costs of £"ICJOk resulung in a forecast deficit for the i.-ear ()f £"350k which 111 be funded b}-. reseriTes. If required, the FDund&ifio)n C2n i&150 do) &idditional cash troin tht Commission's agTrrted loan faciliti. of £.500k in pl2cc until Nf&rch 2Q2.3. On this basis. thc Fnuna&ti()n is cnnsidtrcd to bL & going conccrn Ftir a ptriod of least 12 111()Aths from rhe d&1ft ()f apprnval ()[ these fin1< nci&l1 statements. Fund accounting The Found&ition holds unrestricted resrricted funds. Lnrcstrictcd incomc lunds comprisc thosc Funds ,hICh thc 'lrustccs arc Frcc to usc at thcir discrction in furtherat]ce 06 the objectii.-es of the Foundauon. Restsicted funds are subject to sp¢ofJc r¢strictions imposed b} th¢ donors. Income recognition Tncoine is recuLinised once the Foundation has entitlement to the income, it is probable that the incume 11] be receivtd, and the amout]t can b£ mei& sured rehabl}. Donations D()nati(In8 rtctived art rec()Lmi8ed ()nce tht F(iundatir)n ha8 tnutltment to the inctimt, it 18 pmbxble that tht incoine bt rtctii'ed, nd the Amount of income receiv&ible can be ine1< sured reliabli,. Supporter membership scheme Ancome Incnme from the.%uppnrters' membership %cheme ]% treated and rtcngni%ed as a doni& tit)n ivhen the atnount of incomc rcccivxblc can bc mc&%urcd rLliAblJ. 16
COMMONWEALTH WAR GRAVES FOUNDATION Principal Accounting Polices for the year ended 31 March 2022 Donated services, facilities and goods The F()undati()n rtctllTe8 8ertTice%. facilitit% gi)()d% free ()f charLFe in %upp<)rt i)f its fjnanct, human rt%()urces, lekryl, 111<1nakrement and operatiiJnal acriNities includinkr matketin¥ actii7lties. The vdue L)f these is rccogFnised as d()nattd %ervices D()nared stlCe5 and f1< cilitits teceii'ed Eree (Ilch2£ are sh()Ivn d()n<1ti()ns in kind nd tec()Amised in incoin¢ ryth an equivalent aniount rtcognised as an expen8e under charit&iblt cr)%t8. Tht ialuation attributed tri the%e d()n&2ti()ns is as f()Ilows'. rhe Foundati()n has been &211()Lated 5Q/u ()[ tlie runrtin c()sts ()F bnth the Ieper Infortnatinn Centre and rhe Beaurains ITi%itor Centre, 11.i'lu of CWIGC'% toral ppIiciÉ ble back-office supporr ¢o%t% Andl (H)O/o of thc sixfF cost£ For thc dcdicAtcd finxnic And Admini%tr#tion £upport. Donarii)ns nf book Stocks frnm the Commission are recngni5ed in the period Ihat rhei are received. Grant Funding Fiinding from organisatiot]s supporting the Foundation'5 objectives is treated as restricted fuiids and shoR4 5Lpar1tLI}"' iii thL sr?t tLniLtit of Iiiiancial £2Ctil-itiL5 a5 this 15 mand1tLd b}- thL grant agYLcment5. The full inconie is recngni%ed in the )'t2r in which tht Fiiundatir)n btciimes £ull}' entitled to receivt it. Recognition of expenditure All cxpcnditurc is acc(iuntcd f(Ir in thc statcmcnt of financial activitics on an accruals basis. Cl•ssification of expenditure The f.uundatiun's expenditure is Analysed between fundraisin.4F Custs Rnd charitable activities. Expenditure on raising funds Expenditure i)n 15ing funds includes the cost5 to many rhe supporter scheme, mArketiAg and promotion costs tn raise income, f)ther direct Lr)sts attribLlt,'Ible tn rAisinK fund% iniluding a pr)rtinn r)f the d()n#ted in-kind siipport cnsr frnm the CWGC. The resources expended 1& nd &idmini5tering rhe chi& riti, include IOO'/o nf Sri& f respt)nsible fnr fund r&i%in£. ?.%t)/ii of the F,.xecUri¢ 3nd Adtninisrr&ti¢)n support. The donated in-kind cnst is plit 750/0 for the Admini%tratiNe support, iOO/D for the dcdicatcd finance %upport and 50010 for &ill orher donated E¥penditure on charitable activities Expenditure on charitable activities includeb.. all eipenditure direcd! relatin£ to the charitable activities of rhe Foundation,. resources expended on managing and administeriiig the chiriry. the direct cost of debiTerin% the cliaritable actlrities: Xranrs Pi?I'able,' and a PL)rriun uf the dL)nated in-Lind suppo)rt cost Erom the CW'-GC. The rt%()urce8 expended and xdmini%terin% the chArit}' indllde 2ill/th {)f the Execlltti"e and AdministrAti<)n %upport. The dL)nRted in-kind CL)St is spLit 250/fi for the AdtMistrative suppurr, 500/n fur the dedicated finance support and iOI/I th for all other donated costs. Ch4rit8blc 4ctii?itics arc curr¢ntli' J%sociatLd '1th 2 4Ctivitics.. Adi-ancinLT public Ldueati(In on First and Second 'orld rs And Promotingr nd Supporting acuiTltie5 undtrraken bi.- Cli,'GC. The total cost of the expenditure on chxritiblc 2ctiiiltics is apportii)n¢d 50..50 to thcsc 2Ctii'iti¢s. Governance costs G[)tr41CE c()Sf5 rtpre5tnt ditect expenditure incutred bv, Iir behalf ()E, the F()undati()A, fi)r external audit nd Itgal cnst%. 17
COMMONWEALTH WAR GRAVES FOUNDATION Principal Accounting Polices for the year ended 31 March 2022 Other recognised Gain/losses The expenditure u'ithin i)ther l()%%t% rel&tes tii eXchange difftrtnct%. Inventory Cost for th¢ stnck of mtyrchandisc is includcd in currLnt asscts. TrIcrch3ndis¢, dir¢ct]}' purchas¢d by the Found&ityon'8 Bdgan and French brCheE, 18 ITalued it co%t. Tht Conimission's hi%toric %tock nf bnnk% and maps has been donated to rhe F'nundation free ot char£e. Pro$10n$ PruvibioA5 fur EururL likbilities rc rLciJgnised if rhLre 15 R ILgal ur con5trucrii'L finAnci21 obbgation that can be readi15' estimated and fr)r which there 18 a rtasnn£Lhle cxpectatir)n th&t p2}pmtnt 111 he m&dc. Foreign currencies I'ransactions in forci£n CencIeS arc trAnsl#tcd at thc monthl}". #vcr#£c cxchangc ratc. Cutrcncy balanccs xt the i'car-end are rranslated at thc }'ear-cnd rare. The net cxchange loss ivas £nil12021- lA of £4771. Oper2ting le2ses Th¢ Foundation curr¢nd}T has no opuatinLk lcascs. Rent is not curr¢nt]}T CharLed for Foundation ¢nLThbY¢m¢n¢ activitle5 cuiiducted at Commission locauon5, i.e., the Ieper InEL)rmation Ctntre 1nd French ITisitur Centre. The ()f th¢ Inf()rmatii)n and ITi%it(Ir (-entrt% 18 di)nAttd in kind b} th¢ (.ommi%%i()n and 1% acc()unted f()r under dL)nations and expenditure in kind. Value Added Tax (VAT) The Puundation's trading actii"itie5 hai"e not Jet rei& ched the IlilT thresholds in the LIK, Pranct or Belgium Ind thcrcfnrt it is not currtnt]I' rcquirtd to rtgistcr for I'AT. Restricted funds The F()undari()n'5 financial statements include rtstricred fund5 f()r graAf Crivities. Significant estimates and judgements Estimates Thcrc contractual rcNcnuc cannot be allocltcd with ccrtaint¥,, but is rclatcd to thc currcnt financial period, an e5un]ate of the income is booked within the fiiiaAcial statements based on the aiiticipi< ted completion i-.2iue. Costs arc 8llocat¢d on an accrualg basis for costs incurrcd '1th1n tlic current fJnancia] pcriod. Judgements ,Icmb¢rship income is r¢¢uLrnisca in tlic mL)nth it is r¢¢¢ii'¢d rather than bcinLr amc)rtisca i)v¢r the N"¢lv¢- month subscription period. This r'enue recogniuon approach ha5 been adopted btC<lU5t the membership fee ]% in substan¢¢ a donation and no substantii'c bcncfit$ 3ccnic to mcmbcrs and no rcfunds ar¢ madc. 18
COMMONWEALTH WAR GRAVES FOUNDATION Notes to the Financial Statements for the year ended 31 March 2022 Income from Donations Donations- Unrestricted 2022 2021 Donations & CIY'GF, lekrycies recei1.ed received At Head OffiLe D()t11< ri()n5 - BelgTriuni, leptt Int()rnii< riiin Centre Donation% - ncc, Beaurain% Vi%itor Ccntrc Gift Aid- Llaims from donations 81,053 61,558 291 975 1,739 152,616 110,813 469 Diinatinns in kind - valued crist for scrvices Frr)m (-IV(T(- 52.8()7 298,232 164,224 Donauons includ¢ fundr$1ng from Trust¢¢s' cngagcmcnt activitic%, Icgacics rcccivcd and amounts receied Erom eNents together with donauun5 rectiNed dirtctl}- b3. the Foundation ar Comnii55ion loci< uon5 and those msdt via tht IlTeh-8itt. Tht incrta%e In don2tiriti% In kjnd frr)m the (.ommi88ion rt12tts tn tht cr)%t r)f tht dtdicartd Finance staEE supp)rrinx the Fuundauon and the upxradt OE rhe CIXYGF web-site. Donations- Restricted 2022 2021 Annin&rton Hom¢s - '.ves On F12nds (In projtyct lacRoberts Trust- Speiikers prollrAmme 335.200 48,675 48,675 3.35,2flfl lTrc AnninEron donation is rcstrictcd to'IThc F'.ycs On Hands On Pro%r#mme dclii'etcd bl. thc Commission. The IL lacRobert Trust donauon is restricted to the Speakers Progratnme, which will dso bc delivcred b}. the Commission throughout 2022. Income from Grant Funding- Resttlcted 2022 21121 AssL)ciatiun L)f Independent Museums/Biffa - NoL)r Khan Pruject CIX,'GC grant to Noor Khan Project 14,305 4,026 18,331 Durinb, 2n21 the ¢xhibiti(?n lif N()()r l<han was c()nsttucred at rh¢ C()mmissi()n's Runnymede Mem()rid in SLirrt%.' and rcm&ins iipcn tr) i'isitnrs 19
COMMONWEALTH WAR GRAVES FOUNDATION Notes to the Financial Statements for the year ended 31 March 2022 Income - Membership Scheme- Unrestticted 2022 2021 St2nd<2rd donation membership Standard d()nati()n Inenibership- GiEt Aid 46,191 4,047 41,291 50,238 41.291 Stanilard membership increased in 2022 tn 1426 member%,12()21 14Q71. 105212n21 7.il) supp()rters renewed tlieir membtrship for a furrher 12-months, a renewal tt of 74'/0. Income from other trading activitie5 - UntestrACted 2022 2021 Ticker Sales Ei'ents L lerchAndi8e sales Buoks and printed matrtr baleb Boc)ks di)nated b!T (-N['-G(- & (-.,L suppi)rt¢r Tuur & Cuach RebernTariL)n Fees Beaur<2in5 Ifi5iror Centte Schrjol & UniiTtr8ity Vi81L8 - Beallriin% I'i%itrJr Ctntrt 8,563 6,455 2,836 2,172 2,501 217 429 45 992 18,500 7,803 In 202112? tickets were sr)Id fnr 2 virtual walks which alsr) led tn an increase in merchandise sales. Expenditure on Raising Funds Raising Funds Staff/ recharge costs Other Direct costs Total 2022 .%tafF/ rech1rge Other Direct Total 2021 Fundraising custs 158,783 114,315 273,098 59,922 52,248 112,170 158,783 114,315 273,098 59,992 112,170 Fundr1& ising cr)%ts were higher in 21122 diie tr) the appointment of a fundraiser and admini8trator to the f.r)unddrion, roLTether with the 50Q/t) kllc)iRtiOll of the Losts of A dediiated chayit! AciounrAnt Iprr)vided AS donated service bi the Cntnmis5ion). 20
COMMONWEALTH WAR GRAVES FOUNDATION Notes to the Financial Statements for the year ended 31 March 2022 Expenditure - Charitable Activities restricied Restricted* 2022 2021 Total restricted Restricrtd Total Adi'%nting public ¢duc2unn ()n FIrt and Sec()nd w()rlcl 47.781 55.494 l(1,849 IIN.su)i 121.6.SQ PrrJtnr)tinKy and 8iipp()rtiAg activitit% unLlertak-en bs 47,78(1 47,780 1(),848 1(),848 7,713 103274 104,801 138,4l)8 * Restricted charitable actiltIeS costs comprise the activities of the liantor's Speakers Pro£ramme ol £8k. Other recognised gains/Oosses) 2022 2021 Excliat]ge gain/(lo55) nn baianct sheet rei'alul& Bank interest receii'ed 14771 30 534 534 14771 Govemance costs 2022 2021 Fees pa}'abl¢ to) the F,oundRuon's auditur fuf the audit ol the Foundation's fin2ncid temtnts 4,890 4,8L)O ProlessionRI fees fvr branches in Beliyum and F,rance 120 2,130 5,010 7,020 There were no ekpen%t8 paid to Tru%tee% during the r.12021 nont 21
COMMONWEALTH WAR GRAVES FOUNDATION
Notes to the Financial Statements
for the year ended 31 March 2022
Stock of Merchandise
2022
2021
Buoks and maps
3,165
4,485
lerchandise - stationery, bAdKyes and pins
8,773
9,432
11,938
Thc sIn,_m[)Vin£ stnck priivisir)n nnrmallv priil'idts f(Ir 2ni' .st()ck which. hAscd nn histnric salcs vr>lumcs. m&},
not bc sr)Id TI[l the rweli'e moArhs following thc end OF the ieat. Dut to the continued imp
COMMONWEALTH WAR GRAVES FOUNDATION Notes to the Financial Statements for the year ended 31 March 2022 D¢f¢rred income rclatcs to £l,-360 for pnstpnncd ¢v¢nts, and £C)88 of rcccipts to bc rcimburs¢d to donors. Other crtditors include £3,658 Social Insurance & TIll0, L),286 Holida! PaiT accrual, £1,434 for a eollaborativc chaiitv activiti. and £-579 for postponcd cvcntg. 12 Creditors: amounts falling due after more than one yeat 2022 2021 Intergroup b21&nce r)ived to Cnmmonwtalth K'kr Graves Commission 20,859 The Foundation s an uiisecurcd dr&2iV do f&2ciliti.- of a tot&il principal amr)unr nr)t excccdiiig £5(N)k from thc Commission ai'ail2hlc until 31 Mi arch 2023 2nd full}. rcpasrablc b}T.31 li larch 202). Thc lo&n balance bears inrtre5r ar the r2< te of 1.5¢)/D aboiTe rhe Bank of England bise rate. There is 2 zero driw down b2lallc¢ 2$ at 31 ML &rch 2022. Th¢ Int¢rgroup bal2nc¢ do¢% not bear int¢r¢st. 13 Retained fimds 2022 2021 Unrestricted fund 100,608 352,683 101763 Restricted funds 311,721 453,291 413,484 Brought fonvard 01-Apr-21 Carried forward 31-Mar-22 Income Expenditure Restricted funds Int¢rns Annington Homes l<antc)r- pc#k-¢rs Proxramme L l#cRvberts Trust - Speakers 15,000 289,008 2¥9,0011 7,713 (7,7131 48,()75 48.()75 Total restricted funds Unrestricted funds 311,721 101,763 48,675 330,926 17,7131 1332,0811 352,683 100,608 Total funds 413,484 379,601 {339,734) 453,291 23
COMMONWEALTH WAR GRAVES FOUNDATION Notes to the Financial Statements for the year ended 31 March 2022 Donations r¢c¢iv¢d b}, th¢ Foundation for specific projccts ar¢ trc&t¢d as rcstrictca in lin¢ with thc donation agreement.. Interns donatir)n% include £lllk receii'td in %eptetnbtr 21118 Erom IL Itdlnck Trust and £-SL in ()ctobtr 2018 from HenTI' ()Idfield Trust, bL)th resrricted tv buppurt th¢ cost of the Tntefn proxramme. The Annin{rton Ho)mes donation 15 restricted to) rhe F'ie5 ()n Hand5 ()n prujecr 5upportill{Tr ITolunteers with the c2re {)[ scxtt¢r¢d ¥ryav¢s in th¢ UK. The Kantor donation SLiPP)rted the Commission's Speakers programme in 2021 /22 and ?$ full}, Spent up in the i'tl& r. Tht N.12cRr)herts Trust diinatiiin will fLLnd ctists &ssoci2tcd 'ith the sgmc Sptxkcr's prngr2mmt in 2n22/23. Bmught Carried forward 31-LNlar-21 Income ExpLnditurL 01-.4pr-20 Restricted funds Interns £lnnin,¥ton Homes AINI- Noor Khan l<antDr- Speakers Proxramme Total resiricted funds Unresttlcted funds li,000 3,808 13,4921 4",.67i ()2,C)C)I -34,"1 i) 15,000 289,008 335,200 18,331 150,0001 114,8391 139.9621 -35_3,531 213,348 -511.721 1111.763 114(),3441 Total funds 97,750 566,879 (251,145) 413,484 An2ly$i$ of net 288et$/(liabiiities) between funds UntestrACted funds RestrACted funds Total 2022 Fund b21ances at 31 March 2022 aire represented by: Stuck 11,938 117,7_34 4,869 (.3.4,c).3.3) 100,608 11,938 475,14() 4,869 1-38,(?(?21 453,291 (-a%h at bank and in hand 3)7412 DebtL)rs amounts fRllin&F due wthin une s'ear (-reditrir8 amount% f2llinLk due within ane !'t2r Total 14,72C)I 352,683 c.reditors tnounts fallingk due after mort th&ill ()ne Trear Total funds carried forwird 100,608 352,683 453,291 24
COMMONWEALTH WAR GRAVES FOUNDATION Notes to the Financial Statements for the year ended 31 March 2022 Unrestricted funds Restricted funds Total 2020 Fund balances at 31 Maffch 2021 are represented by: Str)ck 1.3.917 13,917 Cl< Sh at bank and in h<lnd 95,365 319,738 415,103 Debtnrs am()unts falling due iiithin nne }?ear Creditor% amounts fAlling duc wrhin one }'eAr Total 82.nol 490 42,491 168,6611 18,50D (77,1681 122,622 311,721 434,343 Crcditors #mounts falling duc aftcr morc than onc icar Total funds carried forward 120,8591 101,763 (2n,8591 413,484 311,721 14 Staff Costs During the ptriod UAdtr reioew tht Foundation had 3 emploi'ees. Finance & Adminisrrative 5upporr for the mcnibcrship schtnic and mAnagng thc fInanctS W2s PrOlded bi. Commissjon stsff and rccognised £LS a d()nartd Service. l empli)yee earned berween £6fl,Th10- Jo,noo duiinby rhe }.-ear (2021.. ni) empl()veeb tarned i)ver £6n,onn)- The tot&21 rtmuiierauon cost of ke}- mani& gcmenr personnel wis £81,158 {2021.. L49,8481 Thhich coniprise5 %dary.- cnst$ 2nd cmpla}Ttr'8 naunn21 insur2ncc 2nd pensinn cnntrihutioris. Ikt!, m2n2gtment pcrsnnntl comprise the TtustLL5 and the Chief Exccurii'e, none of whom rLCCiNC remunerarion Eroni rhe Foundauon, nd the Executive Dirtctr)r Iwhr)8t ciintrac¢ in i.-ear. changtd tn fthl time). 2022 2021 K'axes Rnd sdari¢s Soci&il securiry costs Pcnsion- a¢finca contribLltion sch¢m¢ Staff - dnnated 8uppr)rt 8eTh'ict% fr()m l-WIG(- 102,401 10,526 12,865 95,499 221,499 70,186 6,677 8,744 I l(1,-310 25
COMMONWEALTH WAR GRAVES FOUNDATION Notes to the Financial Statements for the year ended 31 March 2022 15 Support serrices and facility costs Donations in kind 2021122 Finance Legal Marketing Mgt HR and Ops Total 2022 Siippnrt F.AcIIitiLs 711,632 1,427 35,282 34,180 1,713 1,592 110,482 42,133 76,558 1,427 69,298 1,713 1,592 152,616 Donations in kind 2020/21 Finance Legal M2tketing Mgt HR and Ops Total 2021 Supp()rt F&cilitics 6,412 7.475 1,399 34,271 1,561 45,392 ,475 13,887 1,31)9 34,721 1,749 1,5()1 52,8(17 26
COMMONWEALTH WAR GRAVES FOUNDATION
Notes to the Financial Statements
for the year ended 31 March 2022
16 Related p2rry ir2nsaciions
The ultimate parent CL)mpani-. and CL)iltrolling' paty o)f the Foundation is rhe CuminonTh'edth IK'ar Grai"es
(-ommission. Con81)lid2ted &cc()unt8 for th¢ gkroup are al.1ble on th¢ C()mmi8sic)n's website.
The COmmonTea1[h Il'ar Grai-.tb Foundation, h<15 Rs irs sole membtr the Co)illmonwealth W-.1< r Gr