Company Reglstratlon No N1045100
THE SIEGE MUSEUM LIMITED
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2021

THE SIEGE MUSEUM LIMITED
(A COMPANY LIMITED BY GUARANTEE)
Page
Report of the Trustees
Independent Examin6rfs Report
Stalement of Financial A¢tivitie5 (induding
Income and Expenditure Account)
Balance sheet
10
Notes forming part of the financial statements

THE SIEGE MUEUM LIMITED
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2021
The Board of Trustees presents its report and unaudited financial statements for the year ended 31
Decernber 2021 wh￿h are also prepared to meet the requirements for a Directors, Report and accounts for
Companies Act purposes. The trustees have adopted the provisions of the Companies Act 2006 and
A¢¢ounts'ng and Reporb'ng by Charities.. Slalement of Recommended Practice applicable to chartties
preparing their accounts in accordan￿ with the Financial Reporting Stsndard appliGable in the UK and
Republic of Ireland IFRS 1021 leffectFve 1 January 2015)- Icharities SORP IFRS 10211. in preparing the
annual report and finan¢ial statements of the charty.
Rofer8nc• and Admlnlstratlon InfornMllon
Charty Name..
The Siege Museum Limrted
Charity Refe￿nce Number.
NIC 104796
Company Registration Numter.
N1045100
Registered Office..
The s￿ge Museum
13 Swety Street
Londonderry
Co Londondery
BT48 6PJ
Trustees
mrwill￿m Hay
Mrwilliqm S Moore
Mr James Brownlee
Mr Ronald Mccausland
Mrworthinglon McGralh
Mr Ivan Taylor
Mr William Thompson
Mr Richard Wray
Mr George Luney
Mr Victor Wray
Mr Michael Speers
Mr James Speers
Mr Noel Moore
Mr Raymond Chestnutt
(passed away 28 January 2021)
(apwinted 7 April 20211
Socretary
Mr Worthington McGrath
Accountants
Mccartney & Co
Chartered Accountants & Regtstered Auditors
Grove House
27 Hawkin Street
Londonderry
BT48 6RE
Bankers
Danske Bank
Business Banking
Donegal SqLbare West
Belf8St
BT16JS

THE SIEGE MUSEUM LIMITED
(A COMPANY LIMITED BY GUARANTEE
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
Our Oble¢tlvos and Actlvitles
Pur
oses and aims
Our ¢harity's purposes are as set out in the objects clause ￿ntained in the company's Memorandum of
Association..
To restore and promote the pennanent preseNation, for the benefft of the public generalty and
especially the inhabitsnts of the aty of Londonderry of a Memorial at the Royal Bastion, City Walls,
Londondery to the Late Reverend George Walker, I￿rtt Governor of the aty of Londonderry during
the siege of 1689 and
to establish and maintain for the education and benefit of the public generally and especially the
inhabitants of the city of Londondery museums. interpretive or heritage centres within the Cty Walls
of Londonderry lo depict by display and chronides, the attainments of the Scotb'5h. English and
French Protestant settbrs and de￿ndantS in the City and County of Londonderry with a permanent
feature on the events of 1688- 1689 incorporatr.ng the Reverend Doctor George Walkerfs influence
on the besieged and his subsequent national ￿￿alM
The focus of our work
Our main objective for the year
to provide tours and exhibitions for the benefrt of the publt relab"n9 to the Glorious Revolution of
1688, with history and hentage around the walls of Londonderry through the siege heroes trail and
other events within the city
How our charity actlvltles dgllver publlc benefft
Who use and benefit from our services?
Our objects and funding focus on the promotion. education and preservation of the historical events
surrounding the Great Siege of 1689 and the benefft extends lo the general public within Northern Ireland
and Ireland, intemab'onal visitors, educational bodies and Cross communrty inib"atsves. A core element of the
project wll be the development of new teaching materials on the history of the Great Siege. for primary and
secondary s¢hc¥)Is, which will link in wrth both the Northem Ireland and Ireland educational syllabuses.
In setting our obje¢lives and planning our acts"vrtie5 for the year the trustees have given carefvl consideration
lo the Charity Cornmission for Northem Ireland's guidance on publ￿ benefit lo ensure that the activities have
helped lo achieve the charity's purFoses and provide a benefrt to the beneficiaries. Our aims, objectives and
activities are reviewed, monitored and assessed through our ongoing programme of regular committee
meetings. The committee is made up of individuals within the statutory, business. voluntary and community
sectors.
Activities achievements and rfoman
Following the enforced ¢losure due lo Covid 19 The Siege Museum reopened on the 24 May, with a
sense of purpose and promise. Unfortunately. the last week of May and the month of June were
ex¢eptionolly quiet. with few group visits and even fewer walk-in visrtors lo the museurn. Although open. we
were faced wrth the challenge of attracts"n9 groups and indivKluals. Concern existed Y￿thin the community
around ente￿n9 buildings an¢J indivhluals Circulating in close proximty.
Despite the museum closure, we conlinued to promote our on-line sales and the Directors took a decision to
invest in a new sales website. To justify the cost the Directors agreed to consider produ¢ing new and
bespoke souvenirs and keepsakes that would validate the expenditure.
Despite the initial pessimism, July and August suddenty sprung into life Yrith visitors again on the move
seeking local attractions. The Siege Museum became a must visit for many on local staycation$ and we
responded quickly lo again create a safe working environment for guests and employees.

THE SIEGE MUSEUM LIMITED
IA COMPANY LIMITED BY GUARANTEE)
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
Despite the ongoing diswptions, the Siege Museum delivered several communty projects during 2021. The
projects encouraged a greater understanding of the history. cullure and tradrtions of the Apprentice Boys
Association and received the support and gotrd wll of many communFts"es throughout Northern Ireland and
beyorKI.
The museum guides were delighted to welcome several communty groups, local schools and a few
university groups from the United States researching conflicl resolution. The students found the museum
and its content ￿eal lo understsnd the road lo peace in Northem Irel8nd_ The gallery continues to provide a
shared space and a comfortable environment to all groups who wsh to understand the culture associated
with the Great Siege of Londonderry and its legacy.
Sifi￿ reopening, rt has been pleasing to welcome, and conduct a gu•Jed lour of the facility to several
influential guests. These included the Secretary of Stale, Brandon Lewis and the Chief Constable of Ihe
Police serV￿e of Northem Ireland, Simon Byme. Tuesday 2 November 2021 will be remembered as a
most rewarding occasion for the Siege Museum. We were privileged to greet Her Royal HvJhness, Princess
Anne. The Princess Royal was wekomed to the museum, introduced to the museum directors. hall trustees,
presentalNes of the Apprentice Boys Parent Clubs and entertained by Solus Highland Dancers and the
Churchill Flute Ensemble. Prior to departure the Princess Unvei￿ a Centenary Stone marking 100 years of
Northern Ireland.
Rec
nclude:
Urban Vllla
e Inltlatlv¢: We were delighted lo recommence welcoming visiting groups from the council
dislfi¢t of Londonderry & Strabane lo Ihe museum under this funded inf(iative. Although a challenging
project, we were pleased lo proceed with the venture and resume group visits to the museum. Due lo covid
regulatsons, the project has been operating under a stop start programme. however. we are optimistsc that
we can resume nomal business next year with interface groups visiting from throughout Northem Ireland.
Regrettably, we were unable lo reach our target numbers due to ck>sure. however, we believe that Urban
Village funders will lake into consideration Ihe cur￿nt drfficu￿'es, and this will not affect a futu￿ programme.
Dorry Clty & Sirabane Dlstrlct Coun¢ll'. Following a fvnding application to DC&SDC Cultural
Organisations Fund, we were pleased lo secure £4,948. This funding will assist towards museum
overheads.
A successful applicalion totslling £12,052 was obtained from DC&SDC Hentage Animation and Visitor
Servicing Fund. The fvnding will be used towards salary costs for staff members and promob.onal and
animation projects.
A successful application for £2K fijnding from DC&SDC Decade of Centenaries Fund was also secured - the
maximum available. Our project created a centenary Lambeg dTum featuring a portrait of Lord Craigavon,
thè first Prime Minister of Northern Ireland. Interactive educational workshops are organised around the
design, engaging groups in conversation about the history of Northem Ireland. The funding also assisted
towards street entertainment provided by Willie Drennan and his musical friends, enhancing the opening of
the CentenNlal Wall, Lamteg Drum and the CentenNlal Cannon.
Urban Tourism: It was pleasing to be invited by Council to participate in an Urban Tourism Exper￿nce
Programme and submit an application to assist wilh the cost of a new walls map at the reception level of the
museum. Once again, this was a compelikn.ve application however, we secured the maximum £2K towards
our project.
The walls map wll also be supplemented from a Su￿ssful application lo Oepartmenl of Foreun Affairs
Reconciliation Fund lotalling £14,610. A small sum of this is ringfenced towards the map. with the remainder
to bring 12 groups during 2022 to the Siege Museum for a guided tour, and provide refreshments. coach
travel and a booklet on the siege

THE SIEGE MUSEUM LIMITED
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
Northern Ireland Office: We were pleased to secure fvnding tolalling £10,000 frorn the N.l.O. Shared
History Fund managed by Heritage Lottery to create a CenlenNlal Wall in the museum. This featured the six
Prirne Ministers of Northem Ireland and exhibited interesting local pictorial events which took place during
their premiership term. The Wall was opened on Saturday 24 July. attended by the Mayor, Alderman
Graham Warke and Jim McGreevy. committee mernber of Heritage Lottery Fund. The fundin9 also
incorporated the ¢ost of a pamphlet promotin9 the concept and an online lalk by Dr. DavKJ Hume, descnbing
the formalion of Northern Irdand.
Partnershl
The museum is delighted lo be ￿p￿sented on a Walled Cty Hentage Venues Group coordinated by officiaL8
from Derry City & Slrabane District Council. This committee will pioneer and encourage visitors to the
erilage venues around the walls and the city in general. A visitor pass system has teen created and
managed by Visit Derry.
The museum continues to WOTk towards achieving Northem Ireland Museum Accredrtation and is most
gratefijl lo our stsff memter, Stuart M¢)ore, and In particular Board Member Richard Wray, who meticulously
pioneer this complex and extensNe pro9ramme. Their f￿vS is targeted towards wrth.ng and implementing
the policies and plans required by N.1. Museums Council to comply with the qualificatDn. When complete,
the awreditation will enhance prospects for sustainability, assist future funding applications and m05t
importantly. comply condrtions set out by fvnding agencies that contributed towards the construckn.on of
the museum.
After tsyo year5 of corresponding wth the Ulster Museum, we finally managed lo secure, on loan. a small
gold key that was presented to Lady cra￿ay0n when she officially opened the eXtens￿n lo the Memorial
Hall in 1937. This ts now on display in a cabinet at the recepb'on area of the museuln.
Soclal Modla:
The Siege Museurn'5 web51te displays all relevanl information about the Tllu5eum, introducing events &
prograrnmes, opening hours, admission prices, facilities and directions. Facebcrt)k and Twitter ensure visitors
are updated wlh relevant events, including tslks and tours that are taking place.
Fundraisin
A variety of Siege Museum and Apprentice Boys branded gifts are available in the museum retail space. The
souvenirs range from badges, keyrings and magnels to hocdies, flags and glass sets. The Siege Museum
logo and Apprentice Boys crest are prominent on a number of these iterns and proV￿e the museum with a
further valuable source of Income. They continue to serve as a prominent mean5 Of marketing and
advertising. The merchandise is also aV￿￿3ble lo purchase via online and through social media
utrea
h Vehiclo:
Due to Covid restn"ctions, the Museum Outreach Vehic58 remained in storage during the first six months of
the year. The volunteers will commence planning for events and actsVit￿S in 2022. Their promotional activity
is wamily appreciated and greatly enhances the museum. raises the profile. creates awareness and
encourages footfall to our exhibition. We hope this outreach activty will recornmence 500n. and the vehicle
an be used to its fvll potenbal and inspire visitors to the Swe Museum.

THE SIEGE MUSEUM LIMITED
IA COMPANY LIMITED BY GUARANTEE)
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
Flnanclal Revlew
The Trustees have managed to secure funding from Derry City and Strabane Distri￿ Council, Herilage
Lottery FurKI and the Department of Foreign Affairs 2nd Trade,. Reconciliation Fund during the y8ar.
The charity has made a surplus of £10,174 for the year. of which £5,143 relates to unreslrided fvnds. While
the income from tours and sales of memorabilia has not retumed to pre pandemic levels due lo closu￿$
during the year Ihe Museum has received governrnent fvnding which has assisted wrth continued running
costs. The Museum has also tsken advants9e of the Job RelentK?n Scheme in order to retain ils full time
employee during periods of dosure.
The restricted in￿rne received from funders varies from year to year depending on the projects teing
funded and as a consequence costs specific lo projects vary accordingly. Restricted funds at the year end
are £31,547. The support costs attributed to the running of the museum are at a similar level to the previous
year and the trustees are satisfied the financial result given the challenges faced.
Pri
al Fundin
Sources
The chanty continues lo rety principally upon grant funding and contributions made f¢y Ihe provision of tours.
Investment olic
Aside from retaining a prudent amount of Teserves each year most of the charity's funds are to be spent in
the short tem so there are few funds for long term investment.
Reserves Poli
The Trustees have examined the charity's requirements for reserves in IvJhl of the Tnain risks to the
organisalion. The reserves are reqLFired lo meel the working capital requirements of the charity- The long
tenn strategy is lo build reserves through planned operating surpluses.
Plans for the future
The chanty plans to Contrnue ￿th the provisb)n of the existing range of facililies and projects, set out above,
in forthcoming year5, subject to the provision of relevant funding.
Stru¢turg gov•manco and manag¢m¢nt
Govemin
document
The organisation is a charitable ¢ompany limtted by guarantee incorporated on 7 January 2003 and
istered as a Charity wtth Ihe Charity Commission for Northern Ireland and HM Revenue & Customs. The
company wa5 established under a Memorandum of Associakn'on and is govemed by ils Articles of
Association. Memberfs liabilty in the event of the Company being wound up is limiled to £1.

THE SIEGE MUSEUM LIMITED
{A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 20211CONTINUED)
Recruitmen
nl of man
ernenl commTttee
The directors of the company are also charty truslees for the purposes of Charity Law. Under the
requirements of the Memorandum and Articles of Association direclors are elected at an Annual General
Meeting from amongst those persons nominated by the Ordinary Members. The directors have the power at
any lime lo appoint any person to be a director, either to fill a casual vacancy or as an addthon to the existing
directors. Any director so appointed serves only until the next Annual General Meeting at which directors a
to be elected and are then eligible for ￿*￿'On. A retiring director is eligible for re**lion.
Rosponslbllitles ol the Board of Tnwtgeo
Company law requires Ihe Trustees lo p￿pa￿ finanoal slatements for each financial year which give a true
and fair view of the slate of the affairs of the charitable company as al the balan¢e sheet date and of its
incoming resources and application of ￿SourCes. including incorne and expenditure, for the financk41 year. In
preparing those financial statements, the management committee should follow best pract￿ and..
select suitable accounting policies and Ihen apply them consistently..
observe the methods and principles in the Charities SORP.,
rnake judgements and estimates that are reasonable and prLTrdent,' and
stale whether applicable UK Accounting Standards have been followed, subject to any
material departures disdosed and explained in the ffinancial statements." and
prepare the financial ststements on the going ¢oncem basis unless rt 1$ not appropnate to
assume that the Company will ¢ontinue on that basis.
The Trustees are responsible for maintaining proper accounting records which dtsclose with reasonable
accuracy at any time the financial position of the charitable company and to enable them lo ensure that the
financial stalements comply with the compan￿ Act 20C6. The Trustees are also responsible for
safeguarding the assets of the charitsble company and hen￿ for tsking reasonabbe steps for the prevention
and detection of fraud and other irregularities.
This report has been prepared in actordance with the Statement of Recommended Practice applicable to
charities p￿paring their a¢¢ounl$ in ac¢ordan¢e wth the Finanaal Reporty"ng Stsndard appli¢able in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 20151 and in accordance wth the special provisions
of Part 15 of the Companies Act 2006 relating lo small entrÉles.
Approved by the Board of Trustees onAIJI IL and signed on rts behalf by".
Mr Wllllam Moore
Trustee
Mr Worthlngton McGrdth
Secretary

THE SIEGE MUSEUM LIMITED
(A COMPANY LIMITED BY GUARANTEE)
Independent Examiner's Report to tho members of The Siege Museum Limited on
the unauditsd financial statsments for the year ended 31 December 2021
We report on the financial statements of The Siege Museum Limtted for the year ended 31 December 2021
which comprise the Statement of Financial Actrvities (including Income and ExFenditure Accounti, the
Balance Sheet and the related notes. These financial statements have been p￿Pared under the historical
cost convenb'on and the accounting policies set out on pages 11 to 13.
Respecllve respon51bllltles of the charity trustees and the Independent Examlnor
As the charity's Iruslees land also dire¢lors of the company for the purposes of company lawl you are
responsible for the preparation of the a¢¢ounts in accordance wth the requirements of the Companies Act
2006. Having satisfied oUrSe￿e$ Ihat the ¢harty is not subject to audit under company law, and is elvJible
for independent examination, it is our responsibility to.
examine the accounts under seth.on 65 of the Charities Act
follow the pro¢edures laid down in the general Directions given by the Chartty Commission for
Northem Ireland under section 6519)(bl of the Chariti'es Act
stste whether particular rnatters have come to our attention.
Basls of Independent Examln•V8 Report
We have examined your charity accounts as required under section 65 of the Charities Act and our
examination was carried out in accordance with the general Directions given by the Charity Commission for
Northern Ireland under seth'on 6519llbl of the Charities Act. The examination included a review of the
accounting recofds kept by the charity and a 1￿mparISOn of Ihe accounts presented with those records. 11
also included considerats'on of any unusual ilems or disclosures in the accounts, and seeking explanation
from you as Charity trustees conceming any such matters.
Our roFe is lo slate whethw any material matter5 have come to our attention giving us Cause to believe:
1. That accounting records were r￿t kept in accordance with section 386 of the Companie5 Act 20C6.
2. That the accounts do not accord with those accounting records.
3. That the accounts do not Comply with the ac¢ounting requirements of section 396 of the Companies
Acl 2006 and wth the methods and prinryples of the Charit￿5 Ststement of Recommended Practice
applicable lo charitie5 preparing Iheir accounts in a¢¢ordan¢e with the Financial Rewrting Standard
appliGable in the UK and Republic of Ireland.
4. Thal there is further information needed for a proper understanding of the a¢counts lo be reached.
Independent ExamIn•￿9 Ststem•nt
We have completed our examination and have no concerns in ￿pect of the matters111 to (4) listed above
and, in connection with following the Directions of the Charity Commission for Northem Ireland, we have
found no matters that require drawing to your ailentson.
I mAiCH IOIL
Mccartney & Co
Chartered Accountants
Grove House
27 Hawkin Street
Londondery
BT48 6RE

THE SIEGE MUSEUM LIMITED
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE
ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2021
Currenl financial year
Unrnstrithd Rostricted
Funds
Funds
2021
2021
Total
Funds
2021
Total
Funds
2020
Not•s
Incom? and endowments from:
Donations and legacies
Income from chanlable actiwt
1,996
68,162
1,996
113.377
5,800
116,541
45.215
Totsl In¢om•
70,158
45.215
115,373
122,341
Expendlture:
Expenditure on chantable actNiti"es
66.080
39,119
105.199
94,847
Total expenditure
66,080
39.119
105,199
94,847
Net Incomellgxpendlture
4.078
6.096
10,174
27,494
Transfer5 betsveen funds
1.Cfj5
(1.0651
Net movements in funds
5.143
5.031
10.174
27,494
Reconclllatlon of funds
Total funds brought forward
197.707
26,516
224.223
196,729
Totsl funds ¢arri•d forward
The statement of financial activities includes all gains and losses in the year.
All incoming resources and resources expended dertve from conb"nuing a¢tivitts.
The statement of financial act￿￿'eS also ¢tynplies wrth the requirements for an income and expenditure
account under the Companies Act 2006.

THE SIEGE MUSEUM LIMITED
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE
ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2021
Prlor flnan¢lal y•ar
Unrnstrlcted Restrfcted
Funds
Funds
2020
2020
Tolal
Funds
2020
Notes
Ineome and endowments from:
Donations and legacies
Income frtyn charitable aCtivit￿S
5.800
67.701
5.800
116.541
48,840
Total Incom&
73.501
48,840
122,341
Expendlture:
Expenditure on Charitsb￿ actwit
59.583
35,264
94,847
Total expendlture
59,583
35,264
94.847
Net In¢omellexpendtture)
13.918
13,57e
27,494
Transfers between funds
56.414
{56,414}
Nel movements in fvrK15
70.332
142,838)
27,494
Reconciliation of funds
Totsl funds brought fofward
127.375
69,354
196.729
Total funds Carrled forw•rd
The stalement of finan￿al activities indudes all gains and losses in the year.
All incoming resources and resources expended derive frcffi continuing ath"wtie$.
The statement of financlal actiVTbes also Complies wrth the requirements for an income and expenditure
account under the Companies Act 2006.

THE SIEGE MUSEUM LIMITED
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT 31 DECEMBER 2021
2021
2020
Noles
Fixed assets
93,293
103,119
C￿￿¢nt a88ets
stock
Debtors
Cash at bank and in hand
13,681
1,792
15.579
3.769
161,509
142,202
Credltorn: amounts falllng due wlthln
one year
10
21098
Net current assets
121 104
Total a86ets le88 ¢uffent Ilabllltles
11
234,397
224,223
R6sep48S
Unrgstrlcled lunds:
General unrestricted funds
Designated funds
Restrlcted funds
12
200.636
194,889
202,850
197,707
234,397
224,223
For the finanaal year ended 31 Decemter 2021, the company was entitled to exemptDn under section 477
of the Companies Act 2006 relating to small companies. The rneMbe￿ have nol required the company to
obtain an audit of its ac￿Unts for the year in quesb'on in accordance wth sect￿￿ 476.
The directors ad(nowledge their responsibilib.es for ensunng that the company keeps accounting records
which comply with section 386 of the Companies Act 2006 and for preparing financial statements which give
a true and fair view of the stale of affairs of the company as at the end of the financial year and of its profit or
loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise
comply with the requirements of the c￿￿panieS Act 2IXIS relab.ng lo ￿)unts. so far as applicable to the
company.
These accounts have been prepared in accordance wth the proV￿lOn$ applicable to companies subject to
the small ¢ompanies' regime.
The accounts were approved and authorised for issue by the Board of Trustees on I InAiCH Ioil and
signed on their behalf by:
MrWllll•m Moore
Trustee
Mr Worthlngton McGrath
Secretary
Cornpanles Reglstralion No. N1045100
io

THE SIEGE MUSEUM LIMITED
IA COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accountlng pollcl
The financial statements are prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordan
with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021
(effective 1 January 20151- Icharslies SORP IFRS 102}I, the Financral ReF4)rting Standard applicable
in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006.
The financial statements are prepared in sterfing, which is Ihe functional currency of the company.
Monetary amounts in these financial statements are rounded to the nea￿$1 £.
The following are the main accounting polries. The accounling p)licies have been applied
¢onsislenlly throughout the year.
(•) Basis of accounllng and assossment of going con¢•m
The accounts have been prepared under the historical cost convenb'on.
The Siege Museum Limited meets the definition of a public benefrt enbty under FRS 102.
During the earfy months of 2021 the Museum eXperien￿d a prolonged perth of enforced dosure
due to the Covid 19 pandemic. This has had a signifitsnt impact on the income generated from
tours of the MLtseum and also from the sales of memorabilia_ Govemmenl 5UPPOrt funding for
businesses mandated to close has provided vital funds to enable the Museum to continue lo
meet ils ongoing running costs and the Job Retenb"on S¢hemo has enabled the Museum to retain
their full time employee.
On the basis of this and the existing reserrfes of the Museum. the Trustee$ are satr'sfied with the
Museum's abilty to ¢onb"nue to operate.
Al the time of approving the ffinancial ststements, the Twstees have a w$onable expectation
that the Museum has adequate resourtss to continue in operatK*nal existence for the foreseeab5e
future, Thus the Trustees contsnue to ￿¢)p1 the gryng concem basts of accounbng in p￿parIng
the financial statements.
The charity has taken advantage of the exemption in FRS 102 from the ￿qU1￿ment to produce
cash flow statement as the company qualifies as a small company.
Ib) Fund accounting
Unrestricted funds are donations and other incorne receNed or generated which a￿ expendable
at the discretion of the Iruslees in furtherance of the general objectives of the charity.
Designated fvnds a￿ Un￿$trthd funds earmarked by the Management Committee for particular
purposes.
Restrrted fvnds are subjected to restn"¢tions on their expenditure imposed by the donor.
{c} Incom• T•cognition
All incoming resources a￿ included in the statement of financial activities when the charity is
entitled lo the income and the amount can be quantified wrth reasonable accuracy. The following
specrfic policies are applied to particular ¢ategories of income.

THE SIEGE MUSEUM LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Voluntary income is received by way of grants and donations and is induded in full in the
ststement of Financial Activitses when receivable. Grants. where entrllement is not conditional on
the delivery of a specific perfomiance by the charity, are recognised when the charity becomes
unconditionally entitied lo the grant
Incoming resources from grants, where related to perfomance and specific deliverables,
are accounted for as the charity eams the right lo considerabon by ils performance.
Donated services and facilities are included at the value to the charity where this can be quantified.
In accordance wlh Charities SORP IFRS 1021. general volunteer time is not recognised.
Idl Expondlturo rn¢ognltlon
Expendtture is recognised on an accrual basis as a 14?bilty is incurred and is cL?ssrf￿d under
headings that aggregate all costs related lo the category.
Expenditure on charitable activities a￿ Costs incurred on the companys charitable operats'ons
including support costs and costs ￿lab"ng to the govemance of the company apwrtioned to
charitable activities.
lel Value Added Tax
Irrecoverable VAT is charged against the expenditu￿ heading for which it was incurred.
lfj Grnnts
Revenue grants are credited lo income on the earfier date of when they are re￿Ned of ￿en they
are re¢etvable. unless they relate to a specified future per￿, in which case they are deferred.
Grants for the pU￿)se of capital expendf(ure are crediled to restricted income when re￿1Vable,
transferred to restr￿ted funds on the purchase of the asset and then released lo unreslricled
funds over the rel*ed asseV$ useful lrfe.
Igl Tangible flxed assets and deprnciatlon
Tangible fixed assets are stated at cost le55 depreryab'on. Depreciation ￿ provided at rates
Cakulated to write off the c05t le55 estimated residual value of each asset over ils expected useful
lrfe, as follows..
Leasehold improvemenls
Office fixtu￿ and fftbngs
Computer equipment
Motor vehicles
2°h straight line
20% straight line
25¥4 $traight line
20% straight line
Heritage assets are initially recorded at cost. No depreaation is provided as they are considered
to have indefinite INes but they are reviewed for impaimient due to damage or deterioration al
each reporting date.
(h) Debtor8
Debtors and accrued income are recognised at the settlement amount due after any discount
offered. Prepayments are valued al the amount prepaKI net of any discounts due.
12

THE SIEGE MUSEUM LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
li) Cash at bank and in hand
Cash al bank and cash in hand includes cash and short tenn highly liquTrd investrnents wlh a short
maturity of three rn￿thS or less from the date of acquisf(ion or opening of the deposit or similar
account.
Ul Credltors and provlslons
Creditors and provisions are recognised where the charity has a p￿sent obligation resulting from
a past event that will probably result in the transfer of fvnds to a third party and the amount due to
sethe the oblmjat'on can be rneasu￿ or esbmated reliably. Creditors and provisions are normally
recognised at their settlement amount after allowing for any trade discounts due.
Ikl Judgemonts and key sources of estlmate uncertalnty
There are no items of uncertainty requiring the exerase of jLHJ9emenL
111 Flnanclal Instruments
The chanty only has bas￿ financial assets and financial liabilitses of a kind that qualify as basic
financial instruments. Basic finan¢BI instruments are inib.ally recognised al transaclK)n value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amorb'sed cost using the effectNe interest method.
Im) Pen8ion8
Ernployees of the chanty are entl￿e￿ to join a defined contribution scheme. There were no
outstanding contn'butsons al the year end. The costs of the defined contribution scheme are
charged to the unrestricted fvnds of the charity. The charity has no liability beyond making its
contn"buts'ons and paying across the deductions for the employees. conlribulions.
In} Ernployee beneflts
The cost of any unused holiday entitlement is rewgnised in the period in which the employee'5
service5 are rKeived.
2. Income from charltable acllvltles- current year
Unrestrlcted
Restricted
Totsl 2021 Total 2020
Incomo from tours
In¢omo from sales of m•morabllla
Funding:
Derry City and Strabane Distrb¢t
Council
Heritage Lottery Fund
Urban Village 1nitiakn.ve
Peace 1V
Department of Foreign Affairs and
Trade., Reconciliatson Fund
other incomo:
Covid sUPPOrts
Other income
13,803
16.713
13,803
16,713
8,534
7,654
19,565
19,565
26,073
10,000
1,040
10,CWJO
1.040
9,200
2,500
11,067
14.610
14,610
37,646
37,646
51,513
162
11
116541
13

THE SIEGE MUSEUM LIMITED
IA COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Income from charttabb athiti•s- prior year
Unrestrlcied
Rostri¢t•d Total 2020
Incomo from tours
Incomo from tour8
Offlce
Income from sales of memrabllla
Fundlng:
Dery City and Strabane Distr
Council
Heritage Lottery Fund
Peace 1V
Department of Foreign Affairs and
Trade,. Reconciliation Fund
Other Income:
Covid supports
8,534
8,534
Execullve
7,654
7,654
26,073
26.073
9.200
2,500
11,067
9,200
2,500
11,067
51.513
51,513
Ch•ritabl¥ Activitles Expendlturo- ¢urr•nt year
Unrnstrict
R•¥trl¢tod
Total 2021 Tolal 2020
Costs dSrecly allocat•d to aelivitie
Stsff ¢05ts
Recruitment fee
Memorabilia purchases
oUt￿8¢h costs
Exhibition costs
Project Management
22,824
9,731
32,SS5
33,214
10,023
10,023
13,062
17,902
4,808
5,571
1,763
12.222
10,767
7.135
Support costs alla¢atsd to aetlvld••
Premises
Insurance
Advertising
Printing, stationery. postage & phone
Motor expenses
Travel and subsislen¢e
Bank charges
Subs¢ription$
Legal & Professional
Sundry expenses
Depreciation
5.190
123)
1.535
3.914
490
150
1.238
310
595
425
10,714
5,190
4,115
1,535
4,237
490
150
1,238
310
595
425
12,652
5.065
4,066
426
3.339
200
4,138
323
1,212
100
9,773
514
23,836
1.938
Gov8mancg costs
Legal & Professional
Accountancy fees
360
600
720
72
105 199
14

THE SIEGE MUSEUM LIMITED
{A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Charitable Actlvttles Expendlture - prlor year
Unr•stricted
Restrlcled Total 2020
Costs dlrnetly allo¢at￿ tt> ¥cfjvlUeB
Staff costs
Recruitrnenl fee
Mernorabilia purchases
Outreach costs
Exhibition costs
Project Managemenl
25.564
7.650
33,214
4.808
378
1,763
4,808
5,571
1,763
5.193
Support costs allocatsd to a¢fj*AI¢s
Premises
Insurance
Advertising
Printing, stat￿rtery, postage & phone
Motor expenses
Tovel and subsistence
Bank charges
Subscriptions
Legal & Professional
Sundry expenses
Depreciation
4.599
4.066
5,065
4,066
426
3,339
200
426
2,436
200
903
1.212
100
1.212
100
9.773
514
23,836
9.773
514
20,756
3,080
Go¥ern•nce ¢osts
Legal & Professional
Accountancy fees
360
600
59 583
360
600
35 264
2021
2020
4. Net In¢omlngl(outgoing) resources for year
This is staled after charging-.
Depreciation
12,652
23,836
S. Staff costs and staff numbe
2021
2020
Salaries and wages
Pension costs
31,936
32,650
619
564
32 555 AL14
No employee received emoluments of more than £60,OLNJ.
The average number of employees during Ihe year on a full time equivalent basi% was_.
2021
2020
A¢tivrties
The Charty operates a defined contribution pensK)n scheme for its employees.
15

THE SIEGE MUSEUM LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
6. Trustee Remuneratlon ond Rfrlat•d Party Transactlons
No trustees recewed any remuneration for services as members of the Board of Trustees.
One tTUStee, Mr W Moore, received payments totslling £1.200 {2020'. £NIL} for services for facilitation of
agreed accommodations. Another trustee, Mr J Brownlee received £NIL 12020.. £150) in volunteer
expenses. Mr R Mccausland ￿ceiVed £NIL 12020.. £5101 for work done assisting with implementing
Covid restrictions following reopening. No other trustee or other person related to the Charity had any
personal interest in any contract or transacknon entered into by the Charity during the year12020". Nill.
7. Taxatlon
As a charity, The Siege Museum Limited is exempt from tax on income and gains falling wrthin Section
505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that
these are applied to its charitable objects. No tax Charges have arisen in the Charty.
8. Tanglble Assets
Lgasehold
Improvements
Flxtures
and
Flttlngs
Herltage
assets
Offlce and
eornputer
equlpment
Motor
vehl¢le$
Total
Cost
At 1 January 2021
Additions
77,979
60.346
2,826
12.000
20,922
68,685
239.932
2,826
At 31 Decemter 2021
77,979
63,172
12.000
20,922
68.685
242.758
Deprgclatlon
At 1 January 2021
Charge for year
9,932
1.559
40.514
8.302
20,922
65,445
2,791
136,813
12,652
Al 31 December 2021
11,491
48,816
20.922
68,236
149,465
Net Book valu•
Al 31 December 2021
At 31 December 2020
Herilage assets relate to a ¢olle¢tion of deathaled weaponry and memorabilia dating to the 36 Ulster
Division and the earty formation of the Ulster Volunteer Force in 1913. This collection is included at cost in
the financial statements. DepreCiat￿n is not provided as it is consKlered to have an indefinite life.
However, it is reviewed for impairment due to damage or delerioratK*n at e¥h reporting date.
other collectsons on display in the Sie9e Museum are on loan from the Trustees of the Apprentice Boys
Memorial Hall and are the￿f0ft not induded in the financial statements.
16

THE SIEGE MUSEUM LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
9. Debtor4
2021
2020
Grants due from funders
Prepayments
1.792
3,769
10. Credltorn f•lllng due withln ono year
2021
2020
Other creditors
20,405
21,098
11. Analysis of not assets between funds- current yfrar
Unr•strlcled Restrlctod
Funds
Funds
Total
Funds
Fixed assets
76,356
16,937
93.293
Current assets
127,946
33,563
161,509
Current liabilit'es
11,4521
118,9531
120,4051
Nel Assets as at 31 December 2021
202,850
31,547
234,397
Prior y•ar
Unmtricted Rutrl¢ted
Funds
Funds
Total
Fund¥
Fixed assets
85.930
17,189
103,119
Current assets
113.922
28,280
142,202
Current liabililies
{2.1451
118,9531
121,0981
Nel Assets as at 31 December 2020
197.707
26,516
224.223
17

THE SIEGE MUSEUM LIMITED
{A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
12. Movem•nts In fund8
At1J•n
Incomlng
2021 Resources
Outgolng Transfvrs At 31 Dec
R•8ourcgS
2021
Unreslricled funds..
General fund
Designated fvnds
194,889
69.968
190
165.2861
794
1.C65
200.636
197 707
202 850
Restricted funds".
Heritsge Lottery FurKI
Derry City & Slrabane
District Council
Department of Foreign
Affairs and Trade.,
Reconciliation Fund
Peace 1V
Urban Village Inits'ative
10.000
19.565
110.002}
119,4171
15.189
15,437
9.327
14.610
{8,1601
{1,167}
14,610
2.000
15001
1,500
Total Funds
224.223
115.373
(105,1991
234,397
Mov•monts in fvnds- previous year
At1Jan
Incoming
2020 Resources
Outgoing Tr•nsfern At 31 De
R￿OurCeS
2020
Unrestricted funds..
General fund
Designaled funds
124,207
3168
127 375
73,501
(59.2331
350
56,414
194,889
56414
197 707
Restricted funds..
Heritage Lottery Fund
Derry City & Strabane
District Coun¢il
Department of Foreign
Affairs
Peace 1V
Fixed Assets
9.200
26.073
(9,2491
{12,7301
49
1,812
15,189
9.179
11.067
{10.9191
9,327
2.500
(5001
2,000
Total Funds
196,729
96,003
194.847)
224,223
Purposes of Unrestrlcted Funds
The unrestricted funds wll be used for running costs for which no other funding is received.
The designated fund is money which ha5 been sel asKle for the upkeep and maintenance of the outreach
vehicle.
Pury>o$￿ of Rostricted Funds
Restricted funds of £14,610 relate to funding recerved from the Department of FO￿ign Affairs and Trade
Reconciliation Fund which wll be spent in 2022. The remainder of the restricted fvnds relate to fixed assets.
18

THE SIEGE MUSEUM LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
14. Leg•1 $tatu$ of th• Charity
The Siege Museum Limrted is a company limrted by guarantee and accordingly does not have a share
¢apilal. The cornpany is dorn￿led and incorporated in Northem Ireland. The registe￿￿ office is
Apprenb"ce Boys Memorial Hall, Swety Street, Londondery, BT48 6PJ.
15. Commllm•nts
The company had not entered into any finanaal or caprtal commrtments at year end.
19