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##
|Supporting
Network Charities|Supporting
Network Charities||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|The
historic
Trustee
arrangement
nominated
network
charities
provided||that allocates
them with the||a percentage
from
the
following
income:|||Payroll|Giving|Scheme|direct
to|
|||||||2022||||2021|
|||||||E||||F|
|Royal Engineers Association
Institution
of Royal Engineers
Royal Engineers
Museum||||||393,571
219,940
50,000||||389,428
192,105
91,100|
|Grants to Foster Esprit de Corps|||||||||||
|Trustees authorised
the following|grants||in 2022:||||||||
|||||||2022||||2021|
|||||||E|||||
|RE Sports &Games
The Sapper Magazine
Esprit de Corps||||||366,372
79,458
120,338||||248,448
56,012
66,425|
|Publishing
'The Sapper' Magazine|||||||||||
##
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##
##
##
##
##
##
##
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##
##
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##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Consequence|Consequence|Impact|Likelihood|Mitigation/Preventative|Action|Action|
|---|---|---|---|---|---|---|---|---|---|
|||||||/ Trend||||
||||||Medium|Medlrlm||||
|Failure to generate
sufficient income to
cover planned
/
known expenditure|||~ Failure to deliver outputs
~ Failure to meet charitable
objects
~
Failure to sustainably||||~ Robust financial
reserves policy and
prudent
investment
~
Monitor Corps manning
strength
end
contributions
to RE DPS (Regular and|||
||||finance our people||||Reserves) to identify trends|||
||||~ Members
withdrawing||||~
Produce accurate
monthly|FOOs||
||||from RE Days Pay|Scheme|||~
Link budgets to business|planning||
||||(RE DPS)||||and Charitable
Objects|||
||||~ Loss ofcredibility|and|||~ Promote legacy giving snd donations|||
||||reputation||||~ Ensure max long-term
occupancy||of|
||||~
Degradation
ofexisting||||Corps property
porffolio minimising|||
||||capital
/ investments||||'void' periods|||
||||||High|M6d IIIIT1||||
|Significant|reduction||~
Inability to deliver|Chief|||~
Improve finanaal
planning|and||
|in Public funding|||Royal Engineer's
mandated||||forecasting|||
||||outputs||||~
Promote sponsorship
for|Sapper||
||||~ Corps' charities forced to||||Sport|||
||||fund additional
staff|costs|||~
Monitor financial reserves|policy||
||||~
Inability to preserve
and||||~
Continue
to promote RE|Reserves||
||||maintain
Regimental|identity|||Days Pay Scheme|||
||||and resilience|||||||
||||~ Over-reliance
on|Colonels||||||
||||Commandant|||||||
##
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##
##
##
|Forthe year ended 31 D|
ecember 202|2|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Note|2022|2022|2022|2021|
|Income and endowments|from:||||||
|Donations
and legacies||3|813,673||813,673|767,468|
|Other trading
activities||7, 8|249,609||249,609|245,901|
|Investment
income||9|381,417||381,422|336,119|
|Charitable
activities||10|4,200||4,200|4,200|
|Total income|||1,448,899|5|1,448,904|1,353,688|
|Expenditure
on:|||||||
|Raising funds||8|234,521||234,521|218,724|
|Charitable
activities||11|1,116,049|15,624|1,131,673|954,664|
|Total expenditure|||1,350,570|15,624|1,366,194|1,173,386|
|Net income/(expenditure)
before
gains and losses on investments|||98,330|(15,619)|82,711|180,300|
|Net gains/(losses)
on investments|||(1,436,814)||(1,436,814)|796,198|
|Net gains on revaluations
fixed assets|oftangible||106,329||106,329||
|Net movement
in funds|for the year||(1,232,155)|(15,619)|(1,247,774)|976,498|
|Total funds at 1 January 2022|||11,427,086|15,619|11,442,705|10,466,207|
|Total funds at 31 December 2022|||10,194,931||10,194,931|11,442,705|
##
##
|||||||2022|2022||2021|
|---|---|---|---|---|---|---|---|---|---|
|||||Note|||E||F|
|Fixed assets||||||||||
|Tangible assets||||24||227,356|||243,046|
|Investments||||25||8,858,566|||10,295,380|
|Investment|properties|||26||1,220,000|||640,000|
|||||||10,305,922|||11,178,426|
|Current assets||||||||||
|Stocks||||27|62,217|||71,148||
|Debtors||||28|170,215|||179,197||
|Cash at bank and||in|hand||675,863|||1,389,856||
||||||908,295|||1,640,201||
|Creditors:
year|amounts||falling due within one|29|(1,019,286)|||(1,375,922)||
|Net current|assets|||||(110,991)|||264,279|
|Net assets||||||10,194,931|||11,442,705|
|Charihi Funds||||||||||
|Restricted
funds||||30|||||15,619|
|Unrestricted|funds|||30||10,194,931|||11,427,086|
|Total funds||||||10,194,931|||11,442,705|
##
##
##
##
##
||||||Note|Note||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|Net cash used
in operating|activities|||||34||(621,744)|1,040,542|
|Cash flows from investing|activities|||||||||
|Interest and dividends||||||||381,422|336,119|
|Purchase oftangible
fixed assets|||||||||(6,654)|
|Purchase offixed asset investments|||||||||(880,000)|
|Cash provided
by (used in) investing|||activities|||||381,422|550,535|
|Cash used
in financing
activities||||||||||
|Increase (decrease)
in cash|and cash|||||||||
|equivalents
in the year||||||||713,993)|490,007|
|Cash and cash equivalents|at the beginning|||ofthe|year|||1,389,856|899,849|
|Total cash and cash equivalents||at the end ofthe year||||||675,863|1,389,856|
|Analysis ofchanges
in net|debt|||||||||
||||||At|31|Jan||At 31 Dec|
|||||||2022||Gashflowe|2022|
||||||||8|E|8|
|Cash and cash equivalents||||||||||
|Cash|||||1,389,856|||713,993)|675,863|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022|2022|2022|2021|
||||6|6|6|E|
|3 Donations
and legacies|||||||
|Subscriptions|||433,885||433,885|431,107|
|Donations|||78,295||78,295|95,373|
|Legacies|||53,489||53,489||
|Donated services and facilities||(Note 6)|248,004||248,004|234,070|
|Government
Grants receivable||||||6,918|
||||813,673||813,673|767,468|
|All Income from Donations|and Legacies was||unrestdcted
in|2022 and 2021.|||
|4 Subscriptions|||||||
|Serving officers' subscriptions|||83,161||83,161|82,726|
|Retired officers' subscriptions|||12,437||12,437|12,999|
|Soldiers' subscd ptions|||305,087||305,087|301,514|
|Tax refund - Retired Officers &Reserves|||1,525||1,525|1,458|
|Reserves DPS|||5,323||5,323|5,189|
|WOs' &SNCOs' (5'lo subscription)|||8,894||8,894|9,052|
|The Sapper Magazine|||17,458||17,458|18,169|
||||433,885||433,885|431,107|
|5 Donations
&Grants|||||||
|General|||2,022||2,022|4,606|
|WOs' &Sgts' Silver Fund|||1,523||1,523|12,067|
|Comms
Hub|||74,750||74,750|78,700|
||||78,295||78,295|95,373|
|6 Donated services and facilities|||||||
|Gas|||950||950|932|
|Electnaty|||1,122||1,122|1,102|
|Water and sewage|||453||453|446|
|Community
charge|||5,686||5,686|5,574|
|Administration
utilities|||779||779|764|
|MOD salaries|||194,000||194,000|182,543|
|Administration
salaries|||45,014||45,014|42,709|
||||248,004||248,004|234,070|
##
##
||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|
||||||2022|2022|2022|2021|
|7|Other trading|activities||-RECCT|||||
||Advertisements||||2,225||2,225|1,950|
||Miscellaneous|&|graphic|sales|178||178|45|
||Project Funding||||9,873||9,873|15,542|
||||||12,276||12,276|17,537|
|8|Other trading|activities||- RECE Ltd|||||
||||||6|5|||
||Income||||||||
||RECE Ltd Sales||||237,333||237,333|228,364|
||Expenditure||||||||
||Cost ofsales||||141,730||141,730|130,351|
||Staff costs||||52,849||52,849|51,852|
||Postage &telephone||||22,133||22 133|23,345|
||Printing
&stationery||||2,885||2,885|2,114|
||ITcosts||||6,783||6,783|4,667|
||Miscellaneous||||388||388|613|
||Cardnet
terminal||services||4,144||4,144|3,464|
||Bank charges||||316||316|302|
||Depreciation||||115||115|115|
||Insurance||||1,483||1,483|1,504|
||Audit fee||||200||200|172|
||Advertising||||1,495||1,495|225|
||||||234,521||234,521|218,724|
||||||2,812||2,812|9,640|
|9|Investment|Investment|income|||||
|---|---|---|---|---|---|---|---|
|||||5|6|5|5|
||Dividends|||338,766||338,766|312,565|
||Lloyds bank||interest|1,173|5|1,178|247|
||Kitchener|&|Ebbsfleet Properties|41,478||41,478|23,307|
|||||381,417|5|381,422|336,119|
||(2021:8|312,821)and 65|was restricted (202|1:F2).|||
|---|---|---|---|---|---|---|
|10|Income|from charitable|activities||||
||Burgoyne|House||4,200|4,200|4,200|
##
|r th|e year ended 31 Dece||mb|er 2022||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Direct costs|Support
costs|Total
funds|Total funds|
|||||||2022|2022|2022|2021|
|11|Analysis ofexpenditure|||by activities||8|||f|
||Burgoyne
House (Note||12)|||6,045||6,045|3,191|
||Sports &Games (Note||13)|||366,372|63,591|429,963|295,923|
||Heritage
(Note 14)|||||50,000||50,000|91,100|
||Esprit de Corps (Note|15)||||120,338|87,200|207,538|151,229|
||RE HQ Mess (Note 16)|||||30,037||30,037|28,989|
||Comms
Hub (Note 17)|||||79,458|165,302|244,760|238,160|
||WOs' &Sgts' (Note 18)|||||11,284|21,521|32,805|21,118|
||RE Corps Enterprises|(Note 19)|||||75,402|75,402|71,050|
||Day's Pay Scheme (Note|||20)|||55,123|55,123|53,904|
|||||||663,534|468,139|1,131,673|954,664|
||Expenditure
on charitable|||activities|was F1,131,672 (2021:2954,664) of which E1,116,048||||was|
||unrestricted
(2021:6953,284) and||||815,624 was restricted (2021:||81,380).|||
|12|Burgoyne
House
Direct costs:|||||||8|f|
||General
Maintenance|||||||3,300|144|
||Land Rent|||||||21|21|
||Gas contract|||||||321|331|
||Depreciation|||||||2,403|2,695|
|||||||||6,045|3,191|
|13|Sports &Games
Direct costs:|||||||f|2|
||RE Sports Board|||||||372,412|249,209|
||Refund sports grant from|||previous|year|||(6,040)|(761)|
|||||||||366,372|248,448|
||Support costs:|||||||||
||Audit Fee|||||||1,040|860|
||Insurance|||||||423|442|
||Administration|||||||1,507|1,057|
||IT Support|||||||774|1,972|
||Depreciation|||||||2,367|2,338|
||Donated services support|||costs||||7,421|7,073|
||Donated services MOD||Salaries|||||21,340|20,080|
||Staff costs|||||||28,719|13,653|
|||||||||63,591|47,475|
|||||||||429,963|295,923|
|14|Heritage
Direct costs:|||||||f|F|
||RE Museum|||||||44,600|38,000|
||RE Museum
Dockyard||Rent|||||5,400|8,100|
||RE Museum
Project||||||||45,000|
|||||||||50,000|91,100|
##
##
|rt|he year ended 31 December 2022|||
|---|---|---|---|
|||Total|Total|
|||funds|funds|
|||2022|2021|
|15|Esprit de Corps
Direct costs:|f|E|
||Donations
and presentations|716|909|
||Other Corps events|32,902|10,839|
||Corps entertainment|63,039|45,934|
||Project Funding|10,305|8,144|
||Colonels Comdt|1,066|763|
||Unit grants - DUTF|15,624|1,380|
||War Memorials|8,950||
||Refund of previous years' grant|(12,264)|(1,544)|
|||120,338|66,425|
||Support costs:|||
||Audit fee|2,080|1,720|
||Insurance|846|883|
||Administration|4,934|2,421|
||IT Support|1,549|3,944|
||Depreciation|4,734|4,676|
||Donated services support costs|14,842|14,146|
||Donated services MOD Salaries|42,680|40,159|
||Staff costs|15,535|16,855|
|||87,200|84,804|
|||207,538|151,229|
||HQ Mess|||
|16|Direct costs:|||
||Mess Secretary salary|30,037|28,989|
##
##
|r th|e year ended 31|Dece|mber 2022|||
|---|---|---|---|---|---|
|||||Total|Total|
|||||funds|funds|
|||||2022|2021|
|17|Comms
Hub|||||
||Direct costs:|||||
||Printing
&distribution|||72,693|53,749|
||Miscellaneous|||6,765|2,263|
|||||79,458|56,012|
||Support costs:|||||
||Audit fee|||1,040|860|
||Insurance|||423|442|
||Administration|||3,270|1,327|
||IT support|||6,163|5,755|
||Depreciation|||3,705|3,705|
||Donated services|support costs||7,871|7,514|
||Donated services|MOD|Salaries|31,040|29,207|
||Staff costs|||111,790|133,338|
|||||165,302|182,148|
|||||244,760|238,160|
|18|WOs' &Sgts' Fund|||||
||Direct costs:|||||
||Individual
E2 Grants|||750|710|
||Corps Dinner Nights|||1,080||
||Adjustment
Silver|Fund|2021|9,454||
|||||11,284|710|
||Supportcosts:|||||
||Audit Fee|||1,040|860|
||Insurance
'|||423|442|
||Administration|||1,507|1,056|
||Miscellaneous|||927|56|
||IT support|||774|1,972|
||Donated services|support costs||6,869|6,531|
||Donated Services|MOD|salaries|9,700|9,127|
||Staff costs|||281|364|
|||||21,521|20,408|
|||||32,805|21,118|
|19|RE Corps Enterprises||Ltd|||
||Support costs:|||||
||Donated services|support costs||9,219|8,837|
||Donated services|MOD|Salaries|60,140|56,588|
||Staff costs|||6,043|5,625|
|||||75,402|71,050|
##
##
|ort|he year ende|d 31 Dece|mber 202|2|||
|---|---|---|---|---|---|---|
||||||Total|Total|
||||||funds|funds|
||||||2022|2021|
|20|Day's Pay Scheme||||||
||Supportcostsi||||||
||Audit Fee||||1,040|860|
||insurance||||423|442|
||Administration||||1,507|1,056|
||ITsupport||||774|1,972|
||Depreciation||||2,367|2,338|
||Donated services support costs||||7,781|7,426|
||Donated services MOD||Salanes||29,100|27,381|
||Staff costs||||12,131|12,429|
||||||55,123|53,904|
|21|Net Income|/(Expenditure)|||||
||This is stated|after charging:|||||
||Depreciation|oftangible|fixed assets:||6|f|
||-owned
by the||chantable|group|15,575|15,752|
||Auditor's
remuneration||||6,240|5,160|
##
##
|rth|e year ende|d|31 De|cember 2|022|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Total|Total|
|||||||||funds|funds|
|||||||||2022|2021|
|23|Staffcosts|||||||||
||Staff costs were as follows:|||||||||
||Wages and|salaries||||||227,979|231,685|
||Social security||costs|||||11,882|13,271|
||Pension costs|||||||17,523|18,149|
|||||||||257,384|263,105|
||The average|monthly||number|of employees|during|the year was as follows:|||
|||||||||No.|No.|
||Management||and administration||ofthe charity|||7|6|
||RECE Ltd|||||||4|4|
|||||||||11|10|
##
|Tangible fixed assets||||||
|---|---|---|---|---|---|
||Shop fixtures,|||||
||fittings and|General|WOs' &Sgts'Comms
Hub|||
||equipment|fund|fund|property|Total|
|Group|E|E|K|E|E|
|Cost or valuation||||||
|At 1 January 2022|1,074|121,993|174,642|28,814|326,523|
|At 31 December 2022|1,074|121,993|174,642|28,814|326,523|
|Depreciation||||||
|At 1 January 2022|959|65,645||16,873|83,477|
|Charge for the year|115|11870||3,705|15,690|
|At 31 December 2022|1,074|77„515||20,578|99,167|
|Net book value||||||
|At 31 December 2022||44,478|174,642|8,236|227,356|
|At 31 December 2021|115|56,348|174,642|11,941|243,046|
##
##
|24|Tangible fixed assets (co|ntinued)||||
|---|---|---|---|---|---|
||||General|WOs' &Sgts'|Comms Hub|
||||fund|fund|property|
||||6|6|E|
||Charity|||||
||Cost or valuation|||||
||At 1 January 2022||121,993|174,642|28,814|
||At 31 December 2022||121,993|174,642|28,814|
||Depreciation|||||
||At 1 January 2022||65,645||16,873|
||Charge for the year||11,870||3,705|
||At 31 December 2022||77,515||20,578|
||Net book value|||||
||At 31 December 2022||44,478|174,642|8236|
||At 31 December 2021||56,348|174,642|11,941|
|25|Fixed asset investments|||||
||||||Listed|
||Group &Charity||||securitiesf|
||Market value|||||
||At 1 January 2022
Revaluations|||10,295,380
~1,436,614||
||At.31 December 2022||||8,858,566|
||Historical cost||||8,831,319|
||Group 8 charity investments|at market value comprise:||||
||||||2022|
||||||6|
||Listed investments||||8,858,566|
##
##
##
|Investment
properties||
|---|---|
||Freehold|
||Investment|
|Group &Charity|Propertyf|
|Valuation||
|At 1 January 2022|640,000|
|Additions|473,671|
|Re-valuation|106,329|
|At 31 December 2022|1,220,000|
|Support Costs||
|Annual Fees|1,200|
|Comprising||
|Cost|1 220 000|
||||Group||Charity||
|---|---|---|---|---|---|---|
|27|Stocks:||2022|2021|2022|2021|
||||f||f||
||Finished|goods and goods for resale|62,217|71,148|||
||||Group||Charity||
||||2022|2021|2022|2021|
|28|Debtors:||F|F|f|f|
||Amounts|owed by group undertakings|||44,235|44,235|
||Other debtors||170,215|179,197|155,213|171,970|
||||170,215|179,197|199,448|216,205|
##
##
##
|r th|e year ended 31 Decem|e year ended 31 Decem|ber 2022||||||
|---|---|---|---|---|---|---|---|---|
|30|Statement
offunds||||||||
||Current Year||Brought
Forward
6|Income
6|Expenditure
f|Transfers
in/out
f|Gains/
(Losses)
6|Carried
Forward
6|
||Designated
funds||||||||
||Comms
Hub||11,941|94,611|(205,849)|107,531||8,235|
||Project Funding||45,113|9,873|(10,305)|||44,681|
||||57,054|104,484|216,154|107,531||52,916|
||General funds||||||||
||RE Central Charitable
Trust||11,095,210|1,096,665|(883,658)|(107,531)|(1,330,485)|9,870,201|
||WOs' & Sgts' Fund||252,481|10,417|(16,236)|||246,662|
||RECE Lid||22,341|237,333|(234,521)|||25,153|
||||11,370,032|1,344,415|(1,134,415)|(107,531)|(1,330,485)|10,142,016|
||Total Unrestricted|funds|11,427,086|1,448,899|(1,350,569)||(1,330,485)|10,194,931|
||Restricted funds||||||||
||DUTF||15,619|5|(15,624)||||
||Total offunds||11,442,705|1,448,904|1,366,193||1,330,485|10,194,931|
||Prior Year||Brought
Forwardf|Income
F|Expenditure
6|Transfers
in/outf|Gains/
(Losses)
F|Carried
Forwardf|
||Designated
funds||||||||
||Comms
Hub||8,992|98,864|(238,160)|142,245||11,941|
||Project Fund||37,715|15,542|(8,144)|||45,113|
||||46,707|114,406|246,304|142,245||57,054|
||General funds||||||||
||RE Central
Charitable
Trust||10,157,730|989,797|(706,270)|(142,245)|796,198|11,095,210|
||WOs' & Sgts' Fund||232,072|21,119|(710)|||252,481|
||RECE Ltd||12,701|228,364|(218,724)|||22,341|
||||10,402,503|1,239,280|(925,704)|(142,245)|796,198|11,370,032|
||Total Unrestdicted|funds|10,449,210|1,353,686|(1,172,008)||796,198|11,427,086|
||Restricted
funds||||||||
||DUTF||16,997|2|(1,380)|||15,619|
||Total of funds||10,466,207|1,353,688|1,173,388||796,198|11,442,705|
##
##
|rth|e year e|nded 31 December 202|nded 31 December 202|2|||||
|---|---|---|---|---|---|---|---|---|
|31|Analysis|ofnet assets between||funds|||||
||Current|Year|||Unrestricted|Restricted|Total|Total|
||||||Funds|Funds|funds|funds|
||||||2022f|2022
6|2022
6|2021|
||Tangible|fixed assets|||227,356||227,356|243,046|
||Fixed asset investments||||8,858,566||8,858,566|10,295,380|
||Investment
properties||||1,220,000||1,220,000|640,000|
||Current assets||||908,295||908,295|1,640,201|
||Creditors
one year|due within|||(1,019,286)||(1,019,286)|(1,375,922)|
||||||10,194,931||10,194,931|11,442,705|
||Analysis|of net assets between|funds||||||
||Prior Year||||Unrestricted|Restricted|Total|Total|
||||||Funds|Funds|funds|funds|
||||||2021|2021|2021|2020|
|||||||6|6||
||Tangible|fixed assets|||243,046||243,046|252,259|
||Fixed asset investments||||10,295,380||10,295,380|8,619,162|
||Investment
properties||||640,000||640,000|640,000|
||Current assets||||1,624,582|15,619|1,640,201|1,145,464|
||Creditors
one year|due within|||(1,375,922)||(1,375,922)|(190,698)|
||||||11,427,086|15,619|11,442,705|10,466,207|
##
##
||The group operates a|defined
contribution|defined
contribution|defined
contribution|pension scheme. The assets ofthe scheme are held|pension scheme. The assets ofthe scheme are held|pension scheme. The assets ofthe scheme are held|pension scheme. The assets ofthe scheme are held|
|---|---|---|---|---|---|---|---|---|
||separately
from those|of the group|in an||independently|administered|fund. The pension cost||
||charge represents
contributions
payable|||by the group to the fund and|||amounted
to|f17,523|
||(2021:218,149).||||||||
|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|
||||||||2022|2021|
||Net movement
in funds||||||(1,247,774)|976,498|
||Add back depreciation|charge|||||15,690|15,867|
||Deduct interest income|shown
in investing|||activities||(381,422)|(336,119)|
||Deduct gains / add back losses on||investments||||1,436,814|(796,198)|
||Losses on revaluation|oftangible
fixed assets|||||||
||Deduct gain on revaluation
of investment||||property||(106,329)||
||Decrease (increase)
in|stock|||||8,931|3,446|
||Decrease (increase)
in|debtors|||||8,982|(8,176)|
||Increase (decrease)
in|creditors|||||(356,636)|1,185,224|
||Net cash used in operating
activities||||||621,744|1,040,542|
##