|||||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| ##