2020-12-31-accounts

				15-17
Reference and administrative details ofthe charity		Message Chairman	from the	Auditor's report
		4-14		Consolidated	SOFA
Trustees	and advisers	Trustee's	report
				19
				Consolidated	balance
				sheet
				20
				Charity balance sheet
				Consolidated	statement	of
				cash flows
				22-36
				Notes to the	financial
				statements

Risk	Risk		Consequence	Impact	Likelihood	Mitigation/Preventative	Action	Action
					/ Trend
Failure to generate sufficient income to cover planned /			~ Failure to deliver outputs e Failure to meet charitable		Low	~ Robust financial reserves prudent investment	pohcy	and
known expenditure			objects			~ Monitor Corps manning strength		and
			~ Failure to sustainalily finance our people			contributions to RE DPS (Reg and Res) to identify trends
			~ Members withdrawing			~ Produce accurate monthly	FOOs
			from RE DPS			~ Link budgets to business	planning
			~ Loss ofcredibility and			and Charitable Objects
			reputation			~ Promote legacy giving and donations
			~ Degradation ofexisting capital / investments			~ Ensure max long-term occupancy Corps property portfolio minimising		of
						'void' periods
Significant reduction in Public funding			~ Inability to deliver Chief Royal Engineer's mandated	High	Low	~ Improve financial planning forecasting	and
			outputs			~ Promote sponsorship for	Sapper
			~ Corps' charities forced to fund additional staff costs			Sport ~ Monitor Iinancial reserves	policy
						~ Continue to promote RE	Reserves
			~ Inability to preserve and			Days Pay Scheme
			maintain Regimental identity
			and resilience
			~ Over-reliance on Colonels
			Commandant

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Note	2020	2020	2020	2019
Income and endowments	from:
Donations and legacies Other trading activities Investment income Chantable activities			3 7, 8 9 10	738,102 303,077 312,821 2,450		738,102 303,077 312,826 2,450	635,396 257,088 301,396 2,172
Total income				1,356,450	5	1,356,455	1,206,052
Expenditure on:
Raising funds Chantable activities				252,207 957,982	1,025	252,207 959,007	269,740 956,448
Total expenditure				1 210,189	1,025	1,211214	1 235188
Net income/(expenditure) before gains and losses on investments				146,261	(1,020)	145,241	(30,138)
Net gains/(losses) on investments Net gains/(losses) on revaluations tangible fixed assets		of		403,643 38,260		403,643 38,260	1,028,820 (21,260)
Net movement in funds	for the year			588,164	(1,020)	587,144	977,424
Total funds at 1 January 2020				9,861,045	18,018	9,879,063	8,901,639
Total funds at 31December 2020				10,449 209	16,998	10466,207	9879 083

				Note	Note	2020	2019
Net cash	used in operating activities				34	138,736)	296,924
Cash flows from investing activities
Interest and dividends					9	312,826	291,796
Purchase Purchase	oftangible fixed assets offixed asset investments				24 25	(36,468)	(35,730) (7,951,319)
Disposal	offixed asset investments				25		7,186,719
Purchase	of investment properties				26		(601,740)
Cash provided by (used in) investing			activities			276,358	1 110274
Cash used in financing activities
Increase	(decrease) in cash and cash
equivalents in the year						175,882	(770830
Cash and	cash equivalents at the beginning			ofthe year		723,967	1,494,797
Total cash and cash equivalents		at the end ofthe year				899,849	723,967
Analysis	ofchanges in net debt
				At	31Jan		At 31 Dec
					2020	Cashflows	2020
					6
Cash and	cash equivalents
Cash				723,967		'I75,882	899,849

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2020	2020	2020	2019
				6	6
3 Donations and legacies
Subscriptions Donations Legacies		(Note 4) (Note 5)	403,557 93,838 5,000		403,557 93,838 5,000	397,400 5,357
Donated services and	facilities	(Note 6)	223,292		223,292	232,639
Government Grants receivable			12,415		12,415
			738,102		738,102	635,396
Income from Donations	and Legacies was		6736,102(2019:6635,396)which was all to
unrestricted funds.
4 Subscriptions
Serving officers' subscriptions			80,106		80,106	78,003
Retired officers' subscriptions			11,039		11,039	11,564
Soldiers' subscriptions Tax refund - Retired Officers & Reserves Reserves DPS WOs' 8 SNCOs' (5/o subscription) The Sapper Magazine			281,723 1,312 4,892 8,757 15,728		281,723 1,312 4,892 8,757 15,728	273,674 3,998 4,015 8,565 17,581
			403 557		403,557	397400
5 Donations &Grants
General &The Sapper Magazine Commercial Donations WOs' 8 Sgts' Silver Fund Comms Hub			972 166 1,950 90,750		972 166 1,950 90,750	2,024 463 2,870
			93,838		93838	5,357
6 Donated services and	facilities
Gas Electricity Water and sewage			925 1,089 440		925 1,089 440	918 1,076 433
Community charge Administration utilities MOD salaries Administration salaries			5,519 748 175,642 38,929		5,519 748 175,642 38,929	5,465 748 186,000 37,999
			223,292		223,292	232 639

					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					2020	2020	2020	2019
7	Other trading	activities		- RECCT
	Advertisements				1,229		1,229	972
	Miscellaneous	&	graphic	sales				285
	Publication Projects				61,723		61,723
					62 996		62996	1,257
8	Other trading	activities		-RECE Ltd
	Income
	RECE Ltd Sales				240 081		240,081	265,831
	Expenditure
	Cost ofsales				155,837		155,837	179,982
	Staff costs				53,885		53,885	60,123
	Postage &telephone				24,812		24,812	16,657
	Printing & stationery				2,345		2,345	1,903
	ITcosts				1,800		1,800	2,050
	Miscellaneous				238		238	757
	Cardnet terminal		services		3,608		3,608	3,490
	Bank charges				360		360	460
	Depreciation				165		165	165
	Insurance Audit fee				1,539 100		1,539 100	1,670 1,900
	Advertising				7,518		7,518	583
					252,207		252,207	269,740
					12,126		12,126	3,909

			12,126	12,126	12,126	3,909
	All income and expenditure	on trading	activities was unrestricted	in 2020 and 2019.
9	Investment income
			6		6	6
	Dividends		292,876		292,876	287,243
	Lloyds bank interest Kitchener Properties		300 19,645	5	305 19,645	4,553 9,600
			312821	5	312,826	301 396

r th	e year ended 31 December 2020
		Activities undertaken directly	Support costs	Total funds	Total funds
		2020	2020	2020	2019
11	Analysis ofexpenditure by activities			8
	Burgoyne House (Note 12)	43,522		43,522	7,021
	Sports 8 Games (Note 13)	264,029	43,967	307,996	309,027
	Heritage (Note 14)	48,800		48,800	48,800
	Esprit de Corps (Note 15)	81,197	173,460	254,657	258,226
	RE HQ Mess (Note 16)	30,355		30,355	29,485
	Sapper Magazine (Note 17)	51,542	83,672	135,214	164,623
	)NOs' & Sgts' (Note 18)	1,150	18,721	19,871	22,394
	RE Corps Enterprises (Note 19)		68,567	68,567	71,629
	Day's Pay Scheme (Note 20)		50,025	50,025	51,180
	Sappers Network (Note 21)				4,063
		520 595	438,412	959,007	966,448

			520 595 438,412	959,007	966,448
	Expenditure on charitable		activities was 2959,007 (2019:f966,448) ofwhich	5957,982 was
	unrestricted (2019:5961,970) and 51,025was restricted (2019.F4,478).
12	Burgoyne House
	Activities undertaken	directly:		E
	General Maintenance			40,469	4,015
	Land Rent			21	21
	Gas contract			337	290
	Depreciation			2,695	2,695
				43522	7,021
13	Sports 8 Games
	Activities undertaken	directly:		5	5
	RE Sports Board			264,029	258,603
	Refund sports grant from		previous year		(1,105)
				264029	257,498
	Support costs:
	Audit Fee			856	800
	Insurance			459	426
	Administration			855	861
	ITSupport			517	862
	Depreciation Donated services support costs Donated services MOD Salaries Staff costs			1,934 6,522 19,321 13,503	1,402 6,382 20,460 20,336
				43967	51 529
				307,996	309,027
14	Heritage
	Activities undertaken RE Museum RE Museum Dockyard RE Museum Project	directly: Rent		38,000 10,800	5 38,000 10,800
				48,800	48,800

r the year ended 31 Dece	mber 2020
		Total	Total
		funds	funds
15 Esprit de Corps		2020	2019
Activities undertaken	directly		E
Donations and presentations Other Corps events Corps entertainment Publication Projects Colonels Comdt Unit grants Communications Refund of previous years' grant		2,076 5,639 39,476 24,008 270 1,025 8,828 (125)	3,270 67,406 57,158 8,898 2,415 4,478 3,912 (505)
Supportcosts		81,197	147,030
Audit fee Insurance		1,712 917	1,600 851
Administration IT Support Depreciation Property W/0 Donated services support costs Donated services MOD Salaries Staff costs		2,057 1,033 5,777 13,044 38,641 110,279	1,768 1,724 2,804 1,197 12,760 40,920 47,572
		173,460	111,196
		254,657	258226
6 HQ Mess
Activities undertaken	directly:
Mess Secretary salary		30,355	29,485

or the year ended 31Dece	mber 2020
		Total	Total
		funds	funds
17Sapper magazine		2020	2019
Activities undertaken	directly:
Printing and distribution		51,542	52,115
Support costs		51,542	52,115
Audit fee		856	800
Insurance		459	426
Administration IT support		884 1,597	2,694 903
Depreciation Donated services support costs Donated services MOD Salanes Staff costs		2,444 6,958 28,103 42,371	324 6,812 29,760 70,789
		83,672	112,508
		135214	164,623
18WOs'8 Sgts' Fund
Activities undertaken	directly:
Silver Repairs		950	250
Corps Dinner Nights Individual E2 Grants		200	3,108 500
		1,150	3858
Support costs
Audit Fee		856	800
Insurance		459	426
Administration		855	884
Miscellaneous		850
ITsupport Donated services support costs Donated Services MOD salaries Staff costs		517 5,987 8,782 415	862 5,851 9,300 413
		18,721	18,536
		19,871	22,394
19 RECorps Enterprises	Ltd
Support costs:
Donated services support costs Donated services MOD Salaries Staff costs		8,266 54,449 5,852	8,108 57,660 5,861
		68,567	71,629

or t	he year ended 31	Dece	mber 202	0
							Tots I	Tots I
							funds	funds
							2020	2019
20	Day's Pay Scheme
	Support costs:
	Audit Fee						856	800
	Insurance						459	426
	Administration						855	863
	ITsupport						517	862
	Depreciation						1,934	1,402
	Donated services	support costs					6,871	6,726
	Donated services	MOD	Salaries				26,346	27,900
	Staff costs						12,187	12,201
							50,025	51,160
21	Sappers Network
	Income:
	Miscellaneous							12,764
								12,764
	Support Costs:
	Administration							217
	Legal							269
	ITSupport							890
	Travel &Subsistence							2,924
	Marketing							1,485
	Staff costs							11,042
								16,827
								(4,063)
22	Net Income)(Expenditure)
	This is stated affer charging:
	Depreciation oftangible		fixed assets:				f	6
	-owned	by the	charitable	group			8,792	8,792
	Auditor's remuneration						4,800	4,800
	During the year, no Trustees received any remuneration						(2019:fNIL)
	During the year, no Trustees received any benefits					in kind (2019 6NIL)
	Trustees received reimbursement 2 Trustees received 6643)			ofexpenses	amounting		to SNII in the current year (2019i

rth	e year ended	31De	cember 20	20
						Total	Total
						funds	funds
						2020	2019
23	Staffcosts
	Staff costs were as follows:
	Wages and salaries Social security costs Other pension costs					176,280 13,095 13,172	172,367 12,887 12,444
	The average	monthly	number ofemployees		during the year was as follows:	202,547	197,698
						No.	No.
	Management	and administration		ofthe charity		6	4
	RECE Ltcl					4	4
						10	8

Tangible fixed assets
	Shop fixtures,
	fittings and	General	WOs 8 Sgts	Sapper
Group	equipment	fund 6	fund E	property f	Total
Cost or valuation
At 1 January 2020 Additions Revaluations	1,074	96,129 25,864	174,642	11,556 10,604	283,401 36,468
Disposals
At 31 December 2020	1074	121993	174642	22 160	319869
Depreciation
At 1 January 2020 Charge for the year At 31 December 2020	679 165 844	41,258 12,340 53598		10,724 2444 13168	52,661 14949 67610
Net book vaiue
At 31 December 2020	230	68395	174,642	8992	252 259
At 31 December 2019	395	54,871	174,642	832	230,740

				General	WOs' 8,Sgts'	Sapper
				fund	fund	property	Total
	Charity			6		6	6
	Cost or valuation
	At 1 January 2020 Additions Revaluations			96,129 25,864	174,642	11,556 10,604	282,327 36,468
	Disposals
	At 31 December 2020			121,993	174,642	22,160	318,795
	Depreciation
	At 1 January 2020 Charge for the year At 31 December 2020			41,258 12,340 53„598		10,724 2,444 13,168	51,982 14,784 66,766
	Net book value
	At 31 December 2020			68,395	174,642	8992	252,029
	At 31 December 2019			54,671	174,642	832	230,345
25	Fixed asset investments
						Listed
	Group 8 Charity					securities F
	Market value
	At 1 January 2020 Additions					8,215,539
	Disposals
	Revaluations					403,643
	At 31 December 2020					8,819188
	Historical cost					1881319
	Group 8, charity investments	at market	value compdse:
						2020	2019
						6
	Listed investments					8,619,182	8,215539
	AII the fixed asset investments	are held	in the UK.

Investment properties
	Freehold
	Investment
Group &Charity	Propertyf
Valuation
At 1 January 2020	601,740
Revaluation	38,260
At 31 December 2020	64D ODD
Comprising
Cost	640 000

27	Stocks:			Group 2020 f	2019	Charity 2020 f	2019 f
	Finished	goods	and goods for resale	74,594	84,328
				Group		Charity
28	Debtors:			2020 f	2019 f	2020 f	2019
	Amounts owed Other debtors		by group undertakings	171,021	164,249	44,235 "I62,210	44,235 161,606
				171021	154249	208,445	205 841

			Group		Charity	Charity
			2020 f	2019 f	2020 f	2019
Accruals and deferred Other creditors		income	190,698	38,848 102,652	1 50627	38,848 71 097
			190698	141,500	150,627	109945

Current Year		Brought Forward	Income	Expenditure	Transfers m/out	Gains/ (Losses)	Carried Forward
Designated funds
The Sapper Fund Corps Publication/Enterprise		832	17,001 61,723	(135,214) (24,008)	126,373		8,992 37,715
Generalfunds		832	78724	159222	126373		46707
RE Central Charitable
Trust				(766,476)	(126,373)	441,903	10,157,730
WOs' & Sgts' Fund RECE Ltd		241,236 24,827	10,707 240,081	(19,871) (252,207)			232,072 12,701
		9,860,214	1,265,313	(1,038,554)	(126,373)	441,903	10,402,603
Total Unrestricted	funds	9,861,046	1,344,037	(1,197,776)		441,903	10,449,210
Restricted funds
DUTF		18,017	5	(1,025)			16,997
Total offunds		9879063	1 344042	1 198801		441 903	10466 207
Prior Year		Brought Forward	Income	Expenditure	Transfers in/out	Gains/ (Losses)	Carried Forward
Designated funds					6	8	6
The Sapper Fund		1,157	17,581	(164,623)	146,717		832
General funds		1 157	17581	164,623	146,717		832
RE Central Charitable Trust		8,587,122	911,195	(786,269)	(146,717)	1,028,820	9,594,151
WOs' 8 Sgts' Fund RECE Ltcl		262,138 28,736	11,435 265,831	(11,077) (269,740)	-	(21,260)	241,236 24,827
		8,877,996	1,188,461	(1,067,086)	(146,717)	1,007,560	9,860,214
Total Unrestricted	funds	8,879,153	1,206,042	(1,231,709)		1,007,560	9,861,046
Restricted funds
DUTF		22,486	10	(4,479)			18„017
Total offunds		8 901639	1 206 052	1 236,188		1 007 560	9879 063

Analysis of net assets between funds
Current Year	Unrestricted	Restricted	Total	Total
	Funds	Funds	funds	funds
	2020	2020	2020	2019
	5		F
Tangible fixed assets Fixed asset investments Investment properties Current assets Creditors due within	252,259 8,619,182 640,000 1,127,447	18,017	252,259 8,619,182 640,000 1,145,464	230,740 8,215,539 601,740 971,544
one year	(190,698)		(190,698)	(141,500)
	10448,190	18017	10466 207	9878063
Analysis ofnet assets between funds
Prior Year	Unrestricted	Restricted	Total	Total
	Funds	Funds	funds	funds
	2019	2019f	2019	2018 E
Tangible fixed assets Fixed asset investments Investment properties Current assets Creditors due within	230,740 8,215,539 601,740 954„527	18,017	230,740 8,215,539 601,740 972,544	226,258 7,186,719 1,810,517
one year	(141,500)		(141,500)	(321,855)
	9861,046	18,017	9,879,063	8901,639

33 Principal subsidiaries
Company name		Country		Percentage Shareholding
Royal Engineers Corps Enterpdises		United Kingdom		100
34 Reconciliation of net movement in funds to net
cash flow from operating activities
			Totai	Total
			funds	funds
			2020	2019
Net movement in funds			587,144	977,424
Add back depreciation charge			14,949	8,791
Loss / (profit) on the sale offixed assets Deduct interest income shown in investing activities Deduct gains / add back losses on investments Losses on revaluation oftangible fixed assets Deduct gain on revaluation of investment properly Decrease (increase) in stock Decrease (increase) in debtors Increase (decrease) in creditors			(312,826) (403,643) (38,260) (38,260) 9,734 (6,772) 49,198	1,197 (291,796) (264,220) (21,260) 7,870 59,273 (180,355)
Net cash used in operating activities			138736	296,924