## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |
etwork charities|provided
them with the followin|g
income:|| |---|---|---|---| |||2021|2020| ||||F| |Royal Engineers
Association
Institution
of Royal Engineers
Royal Engineers
Museum||389,428
192,105
46,100|361,829
184,442
48,800| ## ## |Trustees authorised|the following|grants|in 2021:||| |---|---|---|---|---|---| |||||2021|2020| |RE Sports 8 Games
The Sapper Magazine
Esprit de Corps||||248,449
56,012
66,426|E
264,029
51,542
81,197| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Risk|Consequence|Impact|Likelihood|Mitigation/Preventative
Action| |---|---|---|---|---| ||||ITrend|| |Failure to generate
sufficient income to
cover planned
/
known
expenditure|~ Failure to deliver outputs
~ Failure to meet charitable
objects
~ Failure to sustainably
finance our people
~ Members
withdrawing
from RE DPS
~ Loss ofcredibility
and
reputation
~ Degradation
of existing
capital
/ investments|Medium|Low|~ Robust financial
reserves
policy and
prudent
investment
~
Monitor Corps manning
strength
and
contributions
to RE DPS (Reg and Res)
to identify trends
~ Produce accurate
monthly
FOOs
~
Link budgets
to business
planning
and Charitable
Objects
~
Promote legacy giving and donations
~
Ensure max long-term
occupancy of
Corps property
portfolio
minimising
'void' penods| |Significant
reduction
in Public funding|~
Inability to deliver Chief
Royal Engineer's
mandated
outputs
~ Corps' charities forced to
fund additional
staff costs
~
Inability to preserve
and
maintain
Regimental
identity
and resilience|High|Low|~
Improve
financial
planning
and
forecasting
~
Promote sponsorship
for Sapper
Sport
~
Monitor financial
reserves
policy
~
Continue
to promote RE Reserves
Days Pay Scheme| ||~ Over-reliance
on Colonels|||| ||Commandant|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---| |||||funds|funds|funds|funds| ||||Note|2021|2021|2021|2020| |Income and endowments||from:|||||| |Donations
and legacies
Other trading
activities
Investment
income
Charitable
activities|||3
7, 8
9
10|767,468
245,901
336,117
4,200||767,468
245,901
336,119
4,200|738,102
303,077
312,826
2,450| |Total income||||1,353,686|2|1,353,688|1,356,455| |Expenditure
on:|||||||| |Raising funds
Charitable
activities|||8
11|218,724
953,284|1,380|218,724
954,664|252,207
959,007| |Total expenditure||||1,172,008|1,380|1,173,388|1,211,214| |Net income/(expenditure)
before
gains and losses on investments||||181,678|(1,378)|180,300|145,241| |Net gains on investments
Net gains on revaluations||oftangible||796,198||796,198|403,643| |fixed assets|||||||38,260| |Net movement
in funds|for the year|||977,876|(1,378)|976,498|587,144| |Total funds at 1 January|2021|||10,449,210|16,997|10,466,207|9,879,063| |Total funds at 31 December 2021||||11,427,086|15,619|11,442,705|10,466,207| ## ## |As at 31 Dece|mber|2|021|||||| |---|---|---|---|---|---|---|---|---| |||||||2021||2020| |||||Note||||F| |Fixed assets||||||||| |Tangible assets||||24||243,046||252,259| |Investments||||25||10295380||8,619,182| |Investment
properties||||26||640,000||640,000| |||||||11,178,426||9,511,441| |Current assets||||||||| |Stocks||||27|71,148||74,594|| |Debtors||||28|179,197||171,021|| |Cash at bank|and|in|hand||1,389,856||899,849|| ||||||1,640,201||1,145,464|| |Creditors: amounts|||falling due within one||||(190,698)|| |year||||||||| |Net current|assets|||||264,279||954„766| |Net assets||||||11,442,705||10,466,207| |Charity Funds||||||||| |Restricted funds||||30||15,619||16,997| |Unrestricted|funds|||30||11,427,086||10,449,210| |Total funds||||||11,442,705||10,466,207| ## ## ## |Royal Engineers
Central Charitabl|e
Trust|e
Trust||||| |---|---|---|---|---|---|---| |Consolidated
Statement of Cash|Flows|||||| |For the year ended 31 December|2021|||||| ||||Note||2021|2020| |Net cash used
in operating
activities|||||1,040,542|138,736)| |Cash flows from investing
activities||||||| |Interest and dividends
Purchase
oftangible
fixed assets
Purchase
offixed asset investments|||9
24
25||336,119
(6,654)
(880,000)|312,826
(36,468)| |Cash provided
by (used in) investing||activities|||550,535|276,358| |Cash used
in financing
activities||||||| |Increase (decrease)
in cash and cash
equivalents
in the year|||||490,007|175,882| |Cash and cash equivalents
at the|beginning||ofthe year||899,849|723,967| |Total cash and cash equivalents|at the end ofthe year||||1,389,856|899,849| |Analysis ofchanges
in net debt|||At|31Jan||At 31 Dec| |||||2021
P.|Gashflows|2021f| |Cash and cash equivalents
Cash|||899,849||490,007|1,389,856| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |th|e year ende|d 31 December 20|21||||| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Total| |||||funds|funds|funds|funds| |||||2021|2021|2021|2020| |||||F|f|F|E| |3|Donations|and legacies|||||| ||Subscriptions
Donations
Legacies
Donated services and facilities
Government
Grants receivable||(Note 4)
(Note 5)
(Note 6)|431,107
95,373
234,070
6,918||431,107
95,373
234,070
6,918|403,557
93,838
5,000
223,292
12,415| |||||767,468||767,468|738,102| |4 Subscriptions|||| |---|---|---|---| |Serving officers' subscriptions
Retired officers' subscriptions
Soldiers' subscriptions
Tax refund
- Retired Officers 8, Reserves
Reserves DPS
WOs' 8 SNCOs' (5%subscription)
The Sapper Magazine|82,726
12,999
301,514
1,458
5,189
9,052
18,169|82,726
12,999
301,514
1,458
5,189
9,052
18,169|80,106
11,039
281,723
1,312
4,892
8,757
15,728| ||431,107|431,107|403,557| |5 Donations
&Grants|||| |General
Commercial
Donations
WOs' 8 Sgts' Silver Fund
Comms
Hub|4,606
12,067
78,700|4,606
12,067
78,700|972
166
1,950
90,750| ||95,373|95,373|93,838| |6 Donated services and facilities|||| |Gas
Electricity
Water and sewage
Community
charge
Administration
utilities
MOD salaries
Administration
salaries|932
1,102
446
5,574
764
182,543
42,709|932
1,102
446
5,574
764
182,543
42,709|925
1,089
440
5,519
748
175,642
38,929| ||234,070|234,070|223,292| ## ## |||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---| |||||funds|funds|funds|funds| |7 Other trading|activities||-RECCT|2021|2021|2021|2020| |Advertisements
Miscellaneous|&|graphic|sales|1,950
45||1,950
45|1,229
44| |Project Funding||||15,542||15,542|61,723| |||||17,537||17,537|62,996| |8 Other trading|activities||-RECE Ltd||||| |Income|||||||| |RECE Ltd Sales||||228,364||228,364|240,081| |Expenditure|||||||| |Cost ofsales
Staff costs
Postage
&telephone
Printing
&stationery
ITcosts
Miscellaneous||||130,351
51,852
23,345
2,114
4,667
613||130,351
51,852
23,345
2,114
4,667
613|155,837
53,885
24,812
2,345
1,800
238| |Cardnet
terminal
Bank charges||services||3,464
302||3,464
302|3,608
360| |Depreciation||||115||115|165| |Insurance
Audit fee||||1,504
172||1,504
172|1,539
100| |Advertising||||225||225|7,518| |||||218,724||218,724|252,207| |||||9,640||9,640|12,126| ## |Dividends
Lloyds bank interest|312,565
245||312,565
247|292,876
305| |---|---|---|---|---| |Kitchener Properties|23,307||23,307|19,645| ||336,117|2|336,119|312,826| ## ## |||Direct costs|Support
costs|Total
funds|Total funds| |---|---|---|---|---|---| |||2021|2021|2021|2020| |11|Analysis of expenditure
by activities
Burgoyne
House (Note 12)
Sports 8 Games (Note 13)
Heritage
(Note 14)
Esprit de Corps (Note 15)
RE HQ Mess (Note 16)
Comms
Hub (Note 17)
WOs' &Sgts' (Note 18)
RE Corps Enterprises
(Note 19)
Day's Pay Scheme (Note 20)|E
3,192
248,448
91,100
66,425
28,989
56,012
710|47,474
84,804
182,148
20,408
71,050
53,904|E
3,192
295,923
91,100
151,229
28,989
238,160
21,118
71,050
53,904|43,522
307,996
48,800
254,657
30,355
135,214
19,871
68,567
50,025| |||494,876|459,788|954,664|959,007| |12 Burgoyne
House
Direct costs:
General
Maintenance
Land Rent
Gas contract
Depreciation|||F
145
21
331
2,695|F
40,469
21
337
2,695| |---|---|---|---|---| ||||3,192|43,522| |13Sports &Games
Direct costs:
RE Sports Board
Refund sports grant from previous||year|F
249,209
(761)|F
264,029| ||||248,448|264,029| |Support costs:
Audit Fee
Insurance
Administration
IT Support
Depreciation
Donated services support costs
Donated services MOD Salaries
Staff costs|||860
442
1,056
1,972
2,338
7,073
20,080
13,653|856
459
855
517
1,934
6,522
19,321
13,503| ||||47,474|43,967| ||||295923|307,996| |14 Heritage
Direct costs:
RE Museum
RE Museum
Dockyard
RE Museum
Project|Rent||f
38,000
8,100
45,000|F
38,000
10,800| ||||91 100|48,800| ## ## |r the year ended 31 D|ecember 2021||| |---|---|---|---| |||Total|Total| |||funds|funds| |15 Esprit de Corps||2021|2020| |Direct costs:|||E| |Donations
and presentations
Other Corps events
Corps entertainment
Project Funding
Colonels Comdt||909
10,839
45,934
8,144
763|2,076
5,639
39,476
24,008
270| |Unit grants
Refund of previous
Communications|years' grant|1,380
(1,544)|1,025
(125)
8,828| |||66425|81 197| |Support costs:|||| |Audit fee
Insurance||1,720
883|1,712
917| |Administration
IT Support
Depreciation
Donated services support costs
Donated services MOD Salaries
Staff costs||2,421
3,944
4,676
14,146
40,159
16,855|2,057
1,033
5,777
13,044
38,641
110,279| |||84,804|173,460| |||151,229|254,657| |HQ Mess|||| |6 Direct costs:|||| |Mess Secretary salary||28,989|30,355| ## ## |tes to the financial statements
theearended31December 2021||| |---|---|---| |y|Total|Total| ||funds|funds| ||2021|2020| |17 Comms
Hub||| |Direct costs:
Printing
&distribution
Miscellaneous|53,749
2,263
56,012|51,542
51,542| |Support costs:
Audit fee
Insurance
Administration
IT support
Depreciation
Donated services support costs
Donated services MOD Salaries
Staff costs|860
442
1,327
5,755
3,705
7,514
29,207
133,338|856
459
884
1,597
2,444
6,958
28,103
42,371| ||182148|83,672| ||238,160|135,214| |18 WOs' & Sgts' Fund||| |Direct costs:
Silver Repairs
Individual
E2 Grants|710|950
200| ||710|1,150| |Support costs:
Audit Fee
Insurance
Administration
Miscellaneous
IT support
Donated services support costs
Donated Services MOD salaries
Staff costs|860
442
1,056
56
1,972
6,531
9,127
364|856
459
855
850
517
5,987
8,782
415| ||20,408|18,721| ||21,118|19,871| |19 RE Corps Enterprises
Ltd||| |Support costs:
Donated services support costs
Donated services MOD Salaries
Staff costs|8,837
56,588
5,625|8,266
54,449
5,852| ||71,050|68,567| ## ## |||||||Total|Total| |---|---|---|---|---|---|---|---| |||||||funds|funds| |||||||2021|2020| |20|Day's Pay Scheme||||||| ||Support costs:||||||| ||Audit Fee
Insurance|||||860
442|856
459| ||Administration
ITsupport
Depreciation
Donated services support costs
Donated services MOD Salaries
Staff costs|||||1,056
1,972
2,338
7,426
27,381
12,429|855
517
1,934
6,871
26,346
12,187| |||||||53,904|50,025| |21|Net Income I(Expenditure)||||||| ||This is stated after charging:||||||| ||Depreciation
oftangible
fixed assets:
-owned
by the charitable
group
Auditor's
remuneration
During the year, no Trustees received
any remuneration|||||15,752
5,160
(2020: ANIL).|E
8,792
4,800| ||During the year, no Trustees received||any benefits||in kind (2020: ANIL).||| ||Trustees
received reimbursement|ofexpenses||amounting||to ANIL in the current year (2020;NIL)|| ## ## |Notes to the financial statements||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |For the year ended 31 December|2021||||||||Total|Total| ||||||||||funds|funds| ||||||||||2021|2020| |23 Staff costs||||||||||| |Staff costs were as follows:
Wages and salaries
Social security costs
Other pension costs|||||||||231,685
13,271
18,149|188,695
13,095
13,172| ||||||||||263,105|214,962| |The average
monthly
number of employees|||||during
the|year was|as follows:||No.|No.| |Management
and administration
RECE Ltd||ofthe||charity|||||6
4|6
4| ||||||||||10|10| |The total employment
benefits||including||employer
pension
contributions||||ofthe key|management|| |personnel
were F22,306 (2020: F14,742).||||||||||| |The number of employees
whose
pension costs) exceeded F60,000|||benefits
was:||(excluding|employer||2021
No|2020
No|| |In the band F60,001 -F70,000||||||||||| |24 Tangible fixed assets
Group|||Shop fixtures,
fittings and
equipment
F|||General
fund
F|WOs'|&Sgts'Comms
Hub
fund
property
F
f.||Total
F| |Cost or valuation
At 1 January 2021
Additions
At 31 December 2021|||||1,074
1,074|121,993
121993||174,642
174,642|22,160
6,654
28814|319,869
6,654
326 523| |Depreciation
At 1 January 2021
Charge for the year
At 31 December 2021|||||844
115
959|53598
12,047
65645|||13,168
3,705
16873|67,610
15867
83,477| |Net book value||||||||||| |At 31 December 2021|||||115|56,348||174,642|11,941|243,046| |At 31 December 2020|||||230|68,395||174,642|8,992|252,259| ## ||||General|WOs' 8 Sgts'|Comms
Hub|| |---|---|---|---|---|---|---| ||||fund|fund|property|Total| ||Charity|||E||E| ||Cost or valuation|||||| ||At 1 January 2021
Additions
At 31 December 2021||121,993
121,993|174,642
174,642|22,160
6,654
28,814|318,795
6,654
325,449| ||Depreciation|||||| ||At 1 January 2021
Charge for the year
At 31 December 2021||53,598
12,047
65,645||13,168
3,705
16,873|66,766
15,752
82,518| ||Net book value|||||| ||At 31 December 2021||56348|174,642|11941|242,931| ||At 31 December 2020||68,395|174,642|8,992|252,029| |25|Fixed asset investments|||||| ||||||Listed|| ||Group &Charity||||securities|| ||Market value|||||| ||At 1 January 2021
Additions
Disposals||||8,619,182
880,000|| ||Revaluations||||796,198|| ||At 31 December 2021||||10295,380|| ||Historical cost||||8831,319|| ||Group
&charity investments|at market value comprise:||||| ||||||2021|2020| |||||||F| ||Listed investments||||10295380|8619182| ## ## ## |26|Investment|properties|Freehold| |---|---|---|---| ||||Investment| ||||Property| ||Group &Charity||F| ||Valuation
At 1 January|2021|640,000| ||At 31 December 2021||640,000| ||Comprising
Cost||640000| ||existing u|se basis.||||| |---|---|---|---|---|---|---| ||||Group||Charity|| |27|Stocks:||2021
E|2020
F|2021
E|2020
F| ||Finished|goods and goods for resale|71 148|74,594||| ||||Group||Charity|| ||||2021|2020|2021|2020| |28|Debtors:
Amounts
owed by group undertakings
Other debtors||F
179,197|F
171,021|F
44,235
171,970|E
44,235
162,210| ||||179,197|171,021|216,205|206,445| |Amou|nts
falling due within o|ne year|||| |---|---|---|---|---|---| |||Group
2021|2020|Charity
2021|2020| |||F|F||F| |Other|creditors|1,375,922|190,698|1,358„926|150,627| |||1,375922|190,698|1,358 926|150,627| ## ## |rthe year ended 31 Decem|rthe year ended 31 Decem|ber 2021||||||| |---|---|---|---|---|---|---|---|---| |30 Statement offunds||||||||| |Current Year||Brought
Forward|Income|Expenditure|Transfers
in/out|Gains/
(Losses)||Carried
Forward| ||||||||E|| |Designated
funds||||||||| |Comms
Hub
Project Funding||8,992
37,715|98,864
15,542|(238,160)
(8,144)|142,245|||11,941
45,113| |General funds||46,707|114,406|246,304|142,245|||57,054| |RE Central Charitable
Trust||10,157,730|989,797|(706,270)|(142,245)|796,198||11,095,210| |WOs' 8 Sgts' Fund
RECE Ltd||232,072
12,701|21,119
228,364|(710)
(218,724)||||252,481
22,341| |||10,402,503|1,239,280|(925,704)|(142,245)|796,198||11,370,032| |Total Unrestricted|funds|10,449,210|1,353,686|(1,172,008)||796,198||11,427,086| |Restricted funds||||||||| |DUTF||16,997||(1,380)||||15,619| |Total offunds||10,466,207|1,353,688|1,173,388||796,198||11,442,705| |Prior Year||Brought
Forward|Income|Expenditure|Transfers
in/out|Gains/
(Losses)||Carried
Forward| ||||||||E|| |Designated
funds||||||||| |Comms
Hub||832|17,001|(135,214)|126,373|||8,992| |Project Fund|||61,723|(24,008)||||37,715| |General funds||832|78,724|159,222|126 373|||46 707| |RE Central Charitable
Trust||9,594,151|1,014,525|(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||10,402,503| |Total Unrestricted|funds|9,861,046|1,344,037|(1,197,776)||441 903||10449 210| |Restricted funds||||||||| |DUTF||18,017|5|(1,025)||||16,997| |Total offunds||9,879,063|1,344,042|1,198,801||441 903||10,466,207| ## ## |31|Analysis of net assets between
Current Year|funds|Unrestricted
Funds|Restricted
Funds|Total
funds|Total
funds| |---|---|---|---|---|---|---| ||||2021f|2021|2021f|2020
E| ||Tangible
fixed assets
Fixed asset investments
Investment
properties
Current assets||243,046
10,295,380
640,000
1,624,582|15,619|243,046
10,295,380
640,000
1,640,201|252,259
8,619,182
640,000
1,145,464| ||Creditors due within||(1,375,922)||(1,375,922)|(190,698)| ||one year|||||| ||||11427 086|15,619|11,442 705|10,466,207| ||Analysis of net assets between
Prior Year|funds|Unrestricted
Funds|Restricted
Funds|Total
funds|Total
funds| ||||2020
K|2020f|2020|2019
E| ||Tangible fixed assets
Fixed asset investments
Investment
properties
Current assets||252,259
8,619,182
640,000
1,128,467|16,997|252,259
8,619,182
640,000
1,145,464|230,740
8,215,539
601,740
972,544| ||Creditors due within||(190,698)||(190,698)|(141,500)| ||one year|||||| ||||10,449 210|16,997|10,466 207|9,879,063| ## ## ## ## |33|Principal subsidiaries||||| |---|---|---|---|---|---| ||Company
name||Country||Percentage
Shareholding| ||Royal Engineers
Corps Enterprises||United
Kingdom||100| |34|Reconciliation
of net movement
in funds to net||||| ||cash flow from operating
activities||||| |||||Total|Total| |||||funds|funds| |||||2021|2020| ||Net movement
in funds|||976,498|587,144| ||Add back depreciation
charge|||15,867|14,949| ||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
property
Decrease (increase)
in stock
Decrease (increase)
in debtors
Increase (decrease)
in creditors|||(336,119)
(796,198)
3,446
(8,176)
1,185,224|(312,826)
(403,643)
(38,260)
(38,260)
9,734
6,772
49,198| ||Net cash used in operating
activities|||1 040 542|138,736| ##