BOARD OF TRUSTEES OF THE ROYAL ARMOURIES ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2020 HC 807 BOARD OF TRUSTEES OF THE ROYAL ARMOURIES ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2020 Presented to Parliament pursuant to paragraphs 29 (7) and 30 (4) of Schedule 1 to the National Heritage Act 1983. Ordered by the House of Commons to be printed on 24 March 2021 HC 807 © Royal Armouries copyright 2021 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. This publication is available at https://www.gov.uk/official-documents Any enquiries regarding this publication should be sent to us at
[email protected] ISBN 978-1-5286--2144-1 CCS0420500350 03/21 Printed on paper containing 75% recycled fibre content minimum. Printed in the UK by the APS Group on behalf of the Controller of Her Majesty’s Stationery Office. CONTENTS Page Trustees’ and Accounting Officer’s Annual Report 2 Remuneration Report 32 Statement of the Trustees’ and Accounting Officer’s Responsibilities 37 Governance Statement 39 Certificate and Report of the Comptroller and Auditor General 49 Consolidated Statement of Financial Activities 54 Consolidated Balance Sheet 56 Consolidated Statement of Cash Flows 57 Notes to the Financial Statements 58 TRUSTEES’ AND ACCOUNTING OFFICER’S ANNUAL REPORT INTRODUCTION The Royal Armouries is Britain’s national museum of arms and armour, and one of the most important museums of its type in the world.