BOARD OF TRUSTEES OF THE ROYAL ARMOURIES ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015 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 16 July 2015 HC 248 © Royal Armouries (2015) The text of this document (this excludes, where present, the Royal Arms and all departmental or agency logos) may be reproduced free of charge in any format or medium provided that it is reproduced accurately and not in a misleading context. The material must be acknowledged as Royal Armouries copyright and the document title specified. Where third party material has been identified, permission from the respective copyright holder must be sought. Any enquiries regarding this publication should be sent to us
[email protected] This publication is available at https://www.gov.uk/government/publications Print ISBN 9781474117357 Web ISBN 9781474117364 ID 08041502 07/15 50419 19585 Printed on paper containing 75% recycled fibre content minimum Printed in the UK by the Williams Lea 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 38 Certificate and Report of the Comptroller and Auditor General 50 Consolidated Statement of Financial Activities 53 Consolidated Balance Sheet 54 Consolidated Cashflow Statement 55 Notes to the Financial Statements 56 1 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.