Council of the Northern Ireland War Memorial (Incorporated) - The
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report)
Year ended 31 January 2023
The trustees, who are also the directors for the purposes of company law, present their report and the financial
statements of the charity for the year ended 31 January 2023.
Reference and administrative detsils
Registered charity name:
Council of the Northem Ireland War Memorial (Incorporated)
Charity registratlon number..
103635
Company registration
number:
N1002888
Princlpal and registered
office:
21 Talbot Street
Belfast
BT12LD
Directorsrrrustees:
Colonel (Retd) D Bigger- Chairperson (Appointed 9th June 2022)
Dr B E Barton
Mr K Beattie (Appointed 23rd March 2023)
Mrs C Champion DL - Vice Chairperson
Flight Lieutenant A J Crowther
Mrs C Dixon
Mr R Doherty FIRSO
Major K M J Guthrie MBE (Appointed 91h June 2022)
Mr R B Hannam (Appointsd 24th October 2022)
Lieutenant Colonel C T Hogg MBE KStJ UD JP DL
Mr M G Logan JP (Appointed 81h December 2022)
Chief Officer P Shaw RD DL (Resigned 8th December 2022)
Mr l A Wlson (Resigned 15th September 2022)
Company secretary=
Flight Lieutenant A J Crowther
Auditor:
Finegan Gibson Ltd
Chartered accountant and statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN
Bankers:
Danske Bank
Donegall Square West
Belfast
BT16JS
Solicitors:
Crawford Lockhart Black Solicitors
7-11 Linenhall Street
Belfast
BT2 8AA

Council of the Northern Ireland War Memorial (Incorporated) - The
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (continue
Year ended 31 January 2023
Council
members:
Colonel JM Steele CB OBE TD DL (Patron)
Mr C Bailey (Resigned 23rd April 2023)
Lieutenant Colonel M Barnes OBE TD
Mr K Beattie
Colonel (Retd) D Bigger
Lieutenant Colonel C Bennett UD
Mrs C Champion DL
Commander T I Chrishop
Flight Lieutenant Dr J S A Collins DL
Mrs L Corken
Mrs B M Corry
Mr P Cregg MBE
Flight Lieutenant A J Crowther
Mr J Davies MBE
Mrs C Dixon
Colonel A M Donaldson MBE OStJ VR DL
Dr B Duff Bsc MA Dip CS PhD FRGS FRUSI (Appointed 30th May 2022)
Colonel S M Elder MBE TD JP DL
Major K M J Guthrie MBE
Mr R B Hannam (Appointed 9th June 2022)
Colonel l G Henderson OBE TD MSc(Econ)
Lieutenant Colonel C T Hogg MBE KStJ UD JP DL
MrNJIHogg
Mr S Johnston
Captain H Mackintosh MBE TD (Resigned 5th August 2022)
Captain J D Mccahon
Mr C McGuicken (Appointed 9th June 2022)
Commander R Milligan
Mr l Montgomery (Resigned 61h June 2023)
Mr T Parkhill
Mr L Quigg BEM
Colonel A H Reid OBE TD DL
Lieutenant Commander E M Shanks RD
Chief Offi￿r P Shaw RD DL
Mr N Spence
Lieutenant Colonel DW F Twigg MBE CStJ JP
Mrs C Walker
Mr G Warner
Mr l A Wilson (Appointed 15th September 2022)
Commander H B White VRD

Council of the Northern Ireland War Memorial (Incorporated) - The
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) {continuedJ
Year ended 31 January 2023
Structure, governance and management
Governing document
The Council of the Northern Ireland Vvar Memorial (Incorporated) is a company limited by guarantee governed
by its Memorandum and Articles of Association. The Council appoints the Board of Trustees who are
responsible to the Council for the day-to4ay management of the charity. All decisions are made by the Board
of Trustees.
Appointment of Trustees
The Trustees are appointed by the Council Members at the Annual General Meeting. Each year one third of the
Trustees resign by rotation, though they may stand for re-election.
Trustee induction and training
The Chaimian ensures that appropriate induction and training is given to all Trustees. Each new Trustee is
provided with a pack of infomiation about the history of the Council of the Northern Ireland War Memorial
(Incorporated) and their responsibilities. a tour of the gallery and an opportunity to meet all staff.
Organisation
The Trustees have overall responsibility for the charity. The Council, which meets at least once a year, appoints
the Trustees to administer the charity and manage its day to day operations.
Risk management and internal control
The Board of Trustees is responsible for ensuring that an effective system of internal control is maintained and
operated by the Counal.
The system of intemal financial control is based on a framework of regular management information:
administrative procedures" and a system of delegation and accountability.
The Board of Trustees has assessed the major risks to which the Council of the Northern Ireland Vvar Memorial
(Incorporated) is exposed, in particular those related to the operations and finan￿S of the Council, and is
satisfied that systems are in place to mitigate any exposure to major risks.
Public benefit
Acknowledgement of the Council of the Northern Ireland V4lar Memorial (Incorporated) public benefit role was
confirmed with the award of registration with the Charity Commission for Northern Ireland in September 2015.
The Trustees believe that the charitable company provides a public benefit in the commemoration of the men
and women from Northern Ireland who died during the World Wars. This is achieved through providing a capital
educational resource in the form of a museum gallery open to all members of the public, maintenance of war
memorials within the museum gallery, organisation of fitting commemorations and the preservation and
development of a museum collection relating to the world wars. The charitable company offers grant fijnding to
primary schools towards the travel costs of classes visrting the gallery.
The building and its offices within. maintained by the charity, are significant in supporting the amenities and
services for the advancement, relief and benefit of present and former members of the armed forces. The
Trustees believe they are operating entirely within the guidelines issued by the Charity Commission for Northern
Ireland and look forward with Confiden￿ to the development of the Council's work in the province.

Council of the Northern Ireland War Memorial (Incorporated) - The
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) {c¢￿tinued)
Year ended 31 January 2023
Objectives and activities of the Council
The objectives of the Council are 'to provide and maintain, as an enduring War Memorial for Northern Ireland, a
building or buildings which will worthily commemorate the men and women of Northern Ireland who died in the
two World Wars 1914-1918 and 1939-1945; to provide and maintain therein accommodation, amenities and
services for the Royal British Legion and other charitable bodies which are established and organised for the
advancement, relief and benefit of present and former members of the armed forces: to provide and maintain in
at least one building therein accommodation to be known as The Hall of Friendship to commemorate the
association of the Armed Forces of the United States of America with Northern Ireland in the 1939-1945 War,.
Legal opinion has been sought on the actions which the Trustees can take in the furtherance of these
objectives.
The principal activities of the Council continue to be those of holding properties and other investments.
Achievements and performance
The Trustees are satisfied with the perfomance of the Charity in meeting its objectives for the year ended 31
January 2023. This was the first full financial year without government restrictions imposed to museum activities
since the Coronavirus pandemic began in March 2020.
On the abolishment of social distancing guidelines employees retumed to working in the office. However
efficiencies brought about through the pandemic have been integrated into daily working routines. Although not
as heavily relied upon as in-person education. online platforms remain an effective engagement tool for learning
and outreach, especially for those who cannot easily visit the museum.
2022 fulfilled the final year of the current strategic plan (2017-2022).
The following 5 strategic aims and their associated objectives, outcomes and key performance indicators provide
the framework for the development of the Council of the Northem Ireland War Memorial and how the senior
management team report to the Trustees.
Strategic aim 1
To care for. preserve. develop, and present the collection to Museum Accreditation standards
Ob"ectives
Maintain museum
accreditation
Outcomes
Improved performance of the museum.
Increased recognition and improved reputation
of the museum.
. An improved focus on users, needs.
Development and support for the workforce.
Increased partnerships and loans with other
museums.
. Formalised procedures. policies, and fopward
planning.
Ke
rformance indicators
Accreditation maintained.
Annual accreditation review
completed in conjunction with
Museum Mentor in November
2022.
In tandem with the accreditation
review, the Museum Mentor
delivered a report ft)r
consideration by the Board in
December 2022.
Consultation with stakeholders
completed and strategic plan
roved in December 2022.
7 acquisitions purchased.
24 donations to the museum.
2 collection related grants
applied for and received
amounting to £2,500.
Develop the
collection in line with
Collections
Development Policy
. Collections management framework provides
a legal and ethical basis for the acquisition and
disposal of objects in the collection.
Enables the growih of the collection in line
with established themes and priorits'es for future
collectin

Council of the Northern Ireland War Memorial (Incorporated) - The
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continue
Year ended 31 January 2023
Ensures that infomiation held relats'ng to the
collection is accurate, secure. reliable, and
aC￿Ssible.
Enables the Nll4VM to build a substantial oral
history archive while the Second l+Vorld War is
in living memory.
New objects and sound recordings will be
used in future publications, exhibitions,
interactives. promotional material, and as
resour￿5 for researchers and media.
7 non-accessioned items
transferred to a more suitable
museum.
34 oral recordings added to the
Nlvlffijt collection in line with
Documentation Policy, over the
following geographical locations:
Location
Number of
InteNiews
Antrim
Amia
Belfast
Down
Fermana
rone
Mainland
16
UK
Use of the recordings by the
museum, researchers. and the
media.
40 inte￿IewS transcribed and
roofread b
interviewees.
Backlog of documentation
continues to be addressed.
466 new data entries recorded
on MODES.
Accuracy of records improved on
MODES.
189 objects photographed
professionally.
4 objects loaned to and 1
borrowed from other museums for
display.
HMS Egilsay bell and Dun
Laoghaire fire helmet remain on
lon
-temi loan for dis
Record of object cleaning and
cleaning of collection store
maintained in NIWM
housekeeping file.
Restricted use of locked cabinet.
. Conservation work completed on
8 objects.
McKendry frieze cleaned by
professional conservator.
Housekeeping records reported
to Museum Committee re
ularl
Continue to
document the
collection as outlined
in Documentation
Plan and Procedures
Manual
. Enables the museum to borrow from and lend
objects to other museums.
New acquisitions because of good
communication with donors.
Increased public access to the collection.
allowing the NIVVM to fulfil leaming role.
. Allows the NIIIVM to care for and be
accountable for the collection, allowing the
museum to arrange appropriate conservation,
insurance. and a recovery plan.
Continue to
implement a Care
and Conservation
Plan and Policy
Enables the museum to follow best practice
procedures relating to the care and
conservation of its collection.
. Allows the museum to address the needs of
the collection and set of priorities for
conservation work.
Long-term care of the collection through a
rolling schedule of conservab'on can engage
public interest.
Remedial conservation of objects increases
understandin
of their si
nificance.
Strategic aim 2
Attract new visitors and increase footfall with exhibib'ons, events. lectures and workshops.
Ob"ectives
Provide access to
the collection
Outcomes
Increased visitor figures from taking an
audience-centred a
roach to exhibitions,
Ke
rfonnance indicators
. 21 events with 567 participants.

Council of the Northern Ireland War Memorial (Incorporated) - The
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 January 2023
learning, events. lectures, website content.
resources, and publications.
Potential to attract new and return visitors.
Increased awareness of museum results in
objects and stories being donated to collection.
Facilitating access to research and the stored
collection increases awareness of the museum
as a trusted place for research by historians.
community groups and universities.
Voluntary donations made by visitors and
sales of NIV4lM publications generate additional
income.
. Visitor feedback improves Servi￿ and
contributes to future strategy.
. Feedback re￿iVed from
museum users (visitors, schools,
informal learners. researchers).
Visitor figures and attendance at
lectures and commemorative
events - refer to visitor figure
targets table below.
NIWM continue to provide
access to the collection by
responding to research enquiries
from students, journalists.
museums and historians.
Research outputs (lectures.
talks, publications, resources
supplied to researchers).
contributions to 6 online lectures
and 3 conferences.
2 temporary exhibitions installed..
US 80 exhibition to mark the 80th
anniversary of the official arrival of
US forces in Northern Ireland.
Fomiation of US Rangers
exhibition to mark the 80th
anniversary of the establishment
of the US Rangers in June 1942.
Number of people reached on all
social media platforms:
Platfomi
Number of
People
Reached
18,318 users
across 21,700
sessions
Reach of
293,562
59,184
ressions
10,024
ressions
8,818
NIIMA website
Facebook
Twitter
Instagram
Pinterest
ressions
1674 views
YouTube
Draft volunteer policy created
and to be formally adopted in
2023.
2 volunteer placements
completed at NIWM.
68 book sales made.
Visitor feedback and social
media engagement.
Extemal complaints policy
drafted and formally adopted in
De￿rnber 2022.
Develop and deliver
a marketing plan
which raises the
profile of the
museum
. Acting on feedback ensures important
improvements are made which ensures visitor
satisfaction.

Council of the Northern Ireland War Memorial (Incorporated) - The
Company Limited by Guarantse
Trustees. Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 January 2023
Achievement of visitor targets and audience
development by taking an aUdlen￿￿ntred
approach.
Demonstrates the NIWM'S values including
accountability, self-analysis. and quality of
seNice.
Correct handling of complaints which mitigates
the risk of damage to the NIVVM'S reputation.
Ability to track and respond to visitor trends
enables more costeffective approach to
marketing.
Increased awareness of museum by attracting
new visitors from outside the main catchment
area.
Enables greater public access to the
collection.
Increased interaction with public may
encourage the donation of objects and stories.
13 adverts placed on 11
plafft)rms.
. Analysis of catchment area of
visitors as follows=
Northern
Ireland
Republic of
Ireland
UK
excl Nl
Overseas
43/0
9%
27%
21/0
. Continued review of NIWM
performance against similar visitor
attractions.
Continued radio, television, and
press coverage.
New museum tour leaflet
information drafted for print in
2023.
Achieve visitor
targets
. Achievement of set targets
2022
Ta
et
2,500
2022
Actual
2,845
Visitors
walk-ins
Schools (on-
site and
virtual
Informal
learnin
Outreach
1,361
Events
567
Room usa
94
Visitor total
6,500
8,418
School visits (on-site)- 2,638
pupils and teachers from 95
classes across 60 schools.
Loan boxes- 339 users (excl
reminiscence).
Virtual visits- 308 pupils from 10
classes across 7 schools.
Increased geographical reach -
13 primary school visits outside a
radius of 30 miles from the
museum.
Engagement with and feedback
from online learning videos.
- Leaming homepage on NIWM
website visited 887 times.
- Resources webpage on NEWM
website visited 526 times.
1,500
2,946
750
605
750
1,000
Offer free leaming
workshops and
reSoUr￿S to primary
school children in
Northern Ireland
. Increased avrfareness of museum by local
families.
. Achieve visitor targets.
Enable greater public access to the collects'on.
. Improved workshops and resources for
children.
. 4,050 free 'Craft Packs, provided
to schools and individuals.
New online learning resources
created.

Council of the Northern Ireland War Memorial (Incorporated) - The
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 January 2023
'Second World War Stories for
Kids, viewed 370 times on
YouTube.
. Travel grants awarded to 58
schools.
New evacuee loan box created
for use by Key Stage 1, Key Stage
2 and special educational needs
classes.
Kids in Museums Takeover
Days, Nl Science Festival and
National Drawing Day
Contributions, which helped
act visitor fi
ures.
. 61 participants across 3
workshops as part of Playful
Museums event.
Early years facilities added, and
improvements made to exhibition.
Jeannie the Hen loan box
borrowed Iwice and used by 61
under 5's.
Copies of 'Jeannie's Adventure
to the Countryside. illustrated book
circulated and provided free when
loan box borrowed.
. Tour created for secondary
schools - 9 post primary classes
visited with 244 artici
ants.
Reminiscence loan box borrowed
once by a group of 81 users.
Informal Learning - 29 group
visits to the museum with 605
visitors.
1,361 people participated in 46
outreach sessions (includes
outreach to primary schools).
Feedback received from informal
learners and outreach participants.
Develop new
learning experiences
for new users and
non-users of the
museum
Enable greater public access to the collection.
Increased awareness of museum by local
families through Playful Museums Festival.
. Increased partnership with secondary schools
increases awareness of the museum as a pla
for research.
Increased awareness of museum results in
objects and stories being donated to collection.
Expand the informal
learning and
outreach
programmes for
groups in the local
community, offering
more opportunities to
current users and
non-users
. Improved workshops and reSoUr￿S which are
accessible and inspire learning and fulfilment
for all.
. Increased partnership with ex-service charity
tenants and positive impact on veterans.
Sncreased awareness of museum enables
greater public aC￿sS to the collection.
Increased objects and stories being donated
to collection from new audiences.
Voluntary donations made by visitors and
rou
enerates additional income.
Strategic aim 3
To provide eX-serVi￿ bodies and charities with afft)rdable office accommodation and facilities for meetings.
Ob'ectives
Provide affordable
office
accommodation to
ex-seNice charities
Outcomes
Floor fully rented out to charitable tenants
ensures a guaranteed income stream to help
fulfil NIWM'S activities.
Offices rented out at 113 less than market
value to the ex-service tenants helps to
strengthen their financial position and safeguard
their future in the short-term.
Increased partnership with ex-SerVi￿ charty
tenants assists the
ositive im
act on veterans.
Ke
erforniance indicators
1$1 fioor fully let to 5 charitable
tenants - Combat Stress, SSAFA,
RAFA, Help for Heroes and Royal
British Legion.
Rent charged continues to be 113
less than market value in the area.

Council of the Northern Ireland War Memorial (Incorporated) - The
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 January 2023
. Increased awareness of museum through
footfall of veterans to the charitable tenants.
Increased partnership with ex-seniice charity
tenants assists the positive impact on veterans.
Increased awareness of museum through
usage of board room, education room and
gallery by other team Members not usually
based in Belfast and veterans.
Provide additional
facilities to the
charitable tenants as
required
Facilities used by the charitable
tenants 7 times (94 users).
Strateglc aim 4
To administer a small grant scheme towards projects which fulfil the NIWM Statement of Charitable Purpose.
Ob"ectives
To provide small
grant funding
towards projects in
line with NIWM
charitable purpose.
Outcomes
Enables the charity to reach out to other
organisations with similar charitable purpose.
Increased awareness of the Chartty by
supporting projects throughout Northern Ireland.
erformance indicators
4 small grants awarded
amounting to £6,500.
1,729 website page views for
small grants information.
. Press coverage and
acknowledgement of NIWM from
grant recipients- Robert Hill
Hanna VC statue in Kilkeel and
Richard Clements. production of
'How to Bury a Dead Mule, at the
ric Theatre.
. A new small grants application
form has been drafted and will be
approved and adopted prior to the
end of 2023.
Formal letter of offer drafted to
include eviden￿ of work carried
out, bank payment, final invoices
and acknowledgment of NIWM
support to the project. Letter of
offer will be approved and adopted
prior to the end of 2023.
To improve the small
grant application
form and monitoring
process.
Application form is streamlined to fit with the
branding and design of other prO￿dureS and
protocols introduced by NIWM.
Form clearly sets out requirements of the
applicant to meet the objectives and charitable
purpose of NIMfj.
All prerequisites defined on the fomi, to
include number of quotations and description of
other funding towards project.
Recipient aware of the requirements of the
organisation to fuffii their obligations On￿ grant
has been awarded through a fomial letter of
offer.
Ensures NIWM is acknowledged appropriately
in press coverage and supporting materials with
roved lo
os and editorial.
Enables the charity to reach out to other
organisations with similar charitable purpose.
Increased awareness of the museum, Council
and Board by supporting projects throughout
Northern Ireland.
To promote the small
grants scheme
. 4 small grants awarded
amounting to £6,500.
1,729 website page views for
small grants information.
Press coverage and
acknowledgement of NIWM from
grant recipients - Robert Hill
Hanna VC statue in Kilkeel and
Richard Clements, production of
'How to Bury a Dead Mule. at the
ric Theatre.

Council of the Northern Ireland War Memorial (Incorporated) - The
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 January 2023
Strategic aim 5
Continue to prioritise good governan￿ and organisational health.
Ob"ectives
Trustee training in
good governance
Outcomes
Strengthens the Trustees, knowledge of
charity governance. regulation and best
practice.
. Affirms the understanding of their role and
responsibilities as Trustees.
. Offers networking opportunities with other
Trustees in the sector.
. Safeguards Complian￿ of NIV4hl with charity
legislation.
Increased Board engagement to create
impact, meet objectives and sustain
improvement.
Motivation of Trustees.
Defines the vision, objectives, scope and
deliverables of NIIAIM Committees.
Outlines the roles and responsibilities of
NIWM Committees.
Ensures common understanding among
members and im
roves effectiveness.
Enables consideration of the objectives of
NIWM and establishes whether they remain fit
for purpose.
Allows review of articles such as conflict of
interest, quorums. ability to hold meetings
online, small grant awards and provisions for
electronic communications.
. Affirms the understanding of the NIIAIM
governing documents by the Trustses and
management team.
. Advancement of Blitz Memorial project with
Belfast City Council as a consequence of the
consideration of a specific grant funding article.
Provides a good foundation for consultation
with stakeholders in advance of the new
strat
lannin
eriod
2023-2027 .
Clear, appropriate and coherent set of policies
and procedures ensures NIWM is well
managed.
Ensures Complian￿ with goveming laws and
regulations.
Provides appropriate controls including a
framework for delegation by the Trustees to
staff and volunteers that set out how charitable
business should be conducted and what is
expected of people.
. Transparency and accountability that the
Trustees conduct the work of the charity
appropriately.
Limits risk.
Provides written guidance for employees to
ensure structure. control. consistency, faimess
and reasonableness are core within the
or
anisation.
Ke
erformance indicators
All Trustees received a copy of
the C03 guide to Great
Governance by Roger Courtney.
4 new Trustees recruited to
address skills gap - specifically
finance, governancelrisk, and
museumlcollections expertise.
Charities legislation requirements
met.
Formation of Terms
of Referen￿ for
Committees (to
improve Committee
effectiveness)
Draft TORS in the process of
completion with Committee
Chairs.
Final TORS to be implemented by
the end of 2023.
Review of
Memorandum and
Articles of
Association (to
comply with best
practice
recommendations)
Communication of proposed
amendments to Council of
increase in Board members to 12
in May 2023.
Ratification by Council at AGM in
June 2023.
Review and ongoing
development of
governance policies
and procedures
HR audit carried out in
September 2022 and report
received from external consultant
in October 2022.
Chair involved in the review and
formally documented per the
Board minutes.
Continue to prioritise
HR policies for stsff
HR audit carried out in
September 2022 and report
received from external consultant
in October 2022.
io

Council of the Northern Ireland War Memorial (Incorporated) - The
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 January 2023
. Safeguards compliance with employment
legislation and informs employees of their
responsibilities and NI￿.5 expectations.
Provides transparency as policies are easily
accessible to all staff.
. Appraisal system provides the opportunity to
recognise and reward staff, motivate employees
to perform to the best of their ability and
develop their potential.
o timal or
anisation
erformance.
Allows the museum to fulfil its sustainability
obligations to staff, visitors, and stakeholders-
and to present and SUC￿eding generations.
. Compulsory requirement of Museum
Accreditation which allows the NIIAIM to
maintain Museum Accreditats'on standard.
Chair involved in the review and
formalty documented per the
Board minutes.
Evidenced completion of
performance excellence reviews
for all staff.
Evidenced completion of
probationary reviews for new staff
members.
Continue to
implement an
environmental
sustainability policy
NIWM continues to be aware of
environmental sustainability.
Going forward the strategic plan
2023 to 2027 prioritises that the
organisation will be
environmentally conscious by
minimising waste and reducing its
effect on the environment.
Related training has been
lanned for 2023.
Evidenced review of fire risk
register and aC￿$S security and
approval by the Board.
Detailed record kept of all fire
alarm evacuations.
Record kept of all staff training
attended.
Signed record now maintained of
all weekly fire alarm tests for the
buildin
Continue to prioritise
safety of staff and
security of the
building and
collection
with an emergency
and recovery plan.
Health and safety of staff and visitors.
Enables the emergency services and the
NI1￿￿ to respond swiftly and effectively in any
given circumstance or event which enables
successful recovery of the collection.
Compulsory requirement of Museum
Accreditation which allows the Nlldvm to
maintain Museum Accreditation standard
Fundamental to the Trustees is safeguarding the organisation's ability to Self-finan￿ to meet its objective5. As
most of the Charity's income is generated from investments. the Trustees engaged two independent investment
managers to administer its portFolio in accordancewith a policy of achieving a balance be￿een income and capital
growth with medium risk. The investments generated income of £153,487 (2022: £128.328) in the year.
The loo0￿ owned subsidiary Nlbvm Holdings Limited. which maintains the investment propety, continues to
perform well and is fully let.
Financial review
The key financial objective is to ensure financial stsbility and continuing solvency year on year, so that the charity
can achieve its objectives.
The Charity relies on a solid performance from investments to meet their objectives. 2022 is likely to be
remembered as the year of transition as the year's actions saw an end to the era of low inflation and near-zero
interest rates. The war in Ukraine. as well as the suppty chain issues. further exa￿rbated this transition, ultimately
resulting in the toughest year for multi-asset investors in over 50 years. Net losses in revaluation of investment
assets (realised and unrealised) amounted to £515,663 (2022.. gain £571.568). Net losses in revaluation recorded
for the year ending January 2023 translate as 6.25 % of portfolio value held at year*nd. Considering the relative
minimal impact to the Council despite such a dreadful year for markets globally, the Trustees consider the results
to be satisfactory and do not envisage any material change in the nature of activities in the year to 31 January
2024.
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Council of the Northern Ireland War Memorial (Incorporated) - The
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (￿ntinued)
Year ended 31 January 2023
Post yearond the Trustees are cautiously optimistic moving forward, while remaining mindful that the worldwide
interest rate increase may sts'll result in continued volatility until the effects have been felt throughout the world's
economies. The first quarter perfomance shows indicators for investor confidence as returns are broadly in line
with set benchmarks.
Trustees will continue to monitor the situation and engage with the independent investment managers as
necessary.
The Statements of Financial Activities are set out on Pages 20 and 21.
Reserves policy
The Council has established a policy whereby the uninvested funds not committed or invested in tangible fixed
assets (the free resenies) held by the Council should be in excess of at least one yeafs resources expended.
Reserves are essential to ensure that the Charity has enough resources to fund educational programmes, support
ex-service Charities accommodation, cover day to day running costs, staff costs, building repairs. museum
acquisitions and conservation requirements.
The actual free reserves at 31 January 2023 were £1,072,751 {2022.' £1,105,469) (see note 26). At this level, the
Trustees are of the view that they would be able to continue the current activities of the charity for up to 3 years
(based on current year expenditure) in the event of a significant drop in investment retum. The reserves policy is
reviewed annually by the Trustees and is deemed adequate considering current market unknowns driven by the
Russian invasion on Ukraine and inflation.
Investment powers and policy
Under the Memorandum and Articles of Association the Trustees have the power to invest in any way the Council
wishes. The investment policy of the Council of the Northem Ireland War Memorial (Incorporated) is as follows..
The Council, having regard to the liquidity requirements of operating the charity and to the reserves policy, will
operate a policy of delegating the management of its investments to professional investment managers with a
mandate to manage the investrnents to achieve a balance between growth of income and capital, with medium
risk.
Donations
The Council made charitable donations amounting to £200 (2022: £100) during the year, principally for the benefit
of local communities in which the council operates. No donations for political purposes were made in the year
(2022.. £nil).
Plans for future periods
The Board of Trustees will continue to plan for the delivery of consistent, high quality standards in relation to
providing and maintaining an enduring Vilar Memorial. Collectively they will ensure that those charged with
governance or management of the Council will be made aware of their responsibilities. The charity will
demonstrate that it is using its resources to deliver charitable activity and therefore public benefit in the best
possible way in these un￿rtain economic times.
Resources will be managed in a cost£ffective manner. Expenditure will be strictly monitored and controlled
without compromising quality of service. Management structures will be kept under review and monitored to
ensure that good governance prevails and exposure of the charty too is minimised.
The five year strategic plan (2023-2027) of the Charity was agreed by the Board in De￿rnber 2022 to focus
future output. The plan was formulated through the input of various stakeholders including Trustees, Council
Members, staff, community groups, university students, teachers and visitors.
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Council of the Northern Ireland War Memorial (Incorporated) - The
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 January 2023
As part of this process, the wording of the Vision, Mission Statement and Values of the Charity was revisited
and streamlined to more appropriately align with the museums aims and objectives moving forward.
Vision
An engaging and welcoming museum that provides a window on Northern Ireland's key role in the Second
World War and the irnpact of the war on its people.
Mission Statement
The Northem Ireland INar Memorial was established to provide an enduring memorial for the men and women
of Northem Ireland who died in the two Vdorld Wars. and to commemorate the American presence in
Northern Ireland during the Second Worfd War.
Now an Accredited Museum, our mission is to tell the story of Northern Ireland's role in the Second World War
comprehensively and authentically through engaging exhibitions. publications, research, outreach and
accessible learning programmes. In addition. we maintain war memorials to the fallen in the First and Second
World War and the Belfast Blitz. We organise respectful commemorations, provide office and meeting
accommodation to ex-service charities. and award small grants to projects which are in line with our charitable
objectives.
Values
AuthentiGity- Our collection is at the heart of everything we do to inspire research and create unique learning
experiences, resources and publications.
Striving for ex￿llenGe - We are responsible for the professional care and interpretation of the collection. We
will share our knowledge by presenting the collection and our research to their full potential.
Working together- By promots'ng teamwork and exploring collaborative ideas we reflect the whole of
Northern Ireland, ensuring our activities are wide-reaching and relevant to our varied audiences, both current
and new.
Showing respect- We host fitting commemorations which are inclusive of all. We support diversity and a work
Culture which values and empowers our team and recognises their achievements. We remember our roots and
help towards building a more dynamic future for the organisation.
Innovative - We are ambitious and imaginative about finding better ways to do things. embracing technology
and partnerships, to share our stories
The following six strategic priorities were set for the 5 year period (2023-2027) .
Redevelop
We will transform the museum with a phased programme of capital works on the ground floor,
ensuring that the Hall of Friendship and existing memorials are integrated in a fith'ng way.
We will embrace digital technology and ensure we exhibit objects and stories that reflect the
whole of Northern Ireland 's experien￿ in the Second World War, to full potential.
We will seek grant assistance and value for money and consult our audiences throughout the
process.
In the long-term the Board is committed to expand the museum space within the building and is
considering a number of options on how best to achieve this.
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Council of the Northern Ireland War Memorial (Incorporated) - The
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 January 2023
2. Income diversification
We will explore new ways to create an income for the charity.
3. Offering inspiring experiences and increasing our reach
We will develop our existing learning programmes and increase capacity by engaging with
people in the museum and across Northern Ireland through outreach.
We will work with a wide range of partners to maximise our impacL
We will continue to provide small grants to projects which are in line with our charitable
objectives.
4. Supporting the erection of a fftting Blitz Memorial in Belfast
We will continue to work in partnership with Belfast City Council to erect a fitting memorial to the
people who lost their lives in the air raids on Belfast in 1941.
We will explore memorials in other areas that suffered air raids (Londonderry, Bangor and
Nevrtownards).
5. Developing and valuing our collection
We have a growing collection which is at the heart of everything we do. and we will ensure it
develops to reflect the whole of Northem Ireland's experience in the Second World War.
We will review our collection and proactively collect objects which address underrepresented
aspects of the Second World War in Northern Ireland.
We will facilitate and commission high quality research and publications.
6. Invest in our people and pla
People wll remain at the heart of our organisation.
We will continue to build an organisational culture which embeds trust, respect, and inclusion.
Our Trustees and staff will be engaged and empowered to drive and enable the NIWM to
continually change and evolve. This will include an evaluation of roles and responsibilities,
additional headcount and review of salaries, pensions and other benefits to inspire and reward
success.
As an organisation we will be environmentally conscious by minimising waste and reducing our
effect on the environment.
Trustees have approved an operational plan and budget for the year ending 31 January 2024 based on these
agreed strategic priorities. The plan comprises strategic initiatives, key actions and key performance indicators
for the year ahead to safeguard effective governance.
Funds held as custodian Trustee on behalf of others
There are no funds held as custodian Trustee on behalf of others.
Statement of Trustees, responsibilities
The trustees, who are also directors for the purposes of company law. are responsible for preparing the trustees,
report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each yearwhich give a true and fair
view of the state of affairs of the charitable company and the incoming resources and application of resources,
including the income and expenditure. for that period.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consiSten￿y.
14

Council of the Northern Ireland War Memorial (Incorporated) - The
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continuedj
Year ended 31 January 2023
observe the methods and principles in the applicable Charities SORP.,
make judgments and accounting estimates that are reasonable and prudent.
prepare the financial statements on the going concem basis unless it is inappropriate to presume that
the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the
charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and
enable them to ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the charity and hen￿ for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that:
so far as they are aware. there is no relevant audit info￿natIon of which the charity's auditor is unaware.,
and
they have taken all steps that they ought to have taken as a trustee to make themselves aware of any
relevant audit infomation and to estsblish that the charity's auditor is aware of that information.
Small company provisions
This report has been p￿pared in accordance wth the provisions applicable to companies entitled to the small
companies exemption.
The trustees, annual report was approved on 22ThJ June 2023 and signed on behalf of the board of trustees by:
By order of the Board
onel (Retd} D Bigger
Chairnian
Date.. 22rd June 2023
15