2021-12-31-accounts - Royal Engineers Vocational Education And Training Trust

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				Page
Trustee's report
Reference and administrative		details ofthe Charity, its trustees	and advisers
Independent auditor's	report
Statement of financial	activities			17
Balance sheet				18
Statement ofcash flows
Notes to the financial	statements			20-32

TOTAL QUALIFICATiO	NS AND	AW	ARDS	2021
	Course				National	Total
					Level
Brickla in and Concretin						47
Brickla in and Concretin						27
Buildin and Structural	Finishin					36
Buildin and Structural	Finishin					19
C ent and Joine
C en and Joine
Construction Materials	Technolo
Construction Materials	Technolo
Desi n Drau htsman	Electrical					15
Desi n Drau htsman	Mechanical
Desi n Electrical and	Mechanical					17
Desi n Electrical and	Mechanical
Electrical Installations						72
Electrical Installations						33
Fabricator Welder C&G						27
Fitter ACR C&G						20
Engineering Maintenance —FTRE(C&G)						33
Engineering Maintenance —FTR			U&P (C&G)
Plant Operator Mechanic						25
Plant Supervisor						20
Survey						16
Survey						12
Slinger/Banksman
Site Mana ement Safe Tests					NA	93
Health &Safe Tests					NA	132
Electrical 18'" Edition					NA
Defence Ex losive Munitions		and Search School				207
Professional Mana ement Qualifications					4to 5	42
Abrasive Wheels						148
Clerks ofWks/MPF Foundation Stud Grant formerl Bursaries			De ree		5 to 6 2to7	21 60
Professional Reco nition Awards			Ci	and Guilds	4to 7	95
					Total	1341

Reference and adminis For the year ended 31 Trustees	trative details ofthe Charity, its T December 2021	rustees and Advisers
APPOINTMENT	NAME	APPOINTED	RESIGNED
Comdt RSME Gp	Brig PJ Rowell MBE	September 2019
Corps Col	Col M Quare MBE ADC	September 2017
Corps Col (Reserves)	Col AJ G Ryan TD	November 2019
DComd 25 Engr Gp	Lt Col C W Battey	February 2020
DComd 8 Engr Bde	Col A D Bellingall MBE Col H TS Ricketts OBE	October 2015 September 2021	September 2021
COS HQ RSME	Lt Col RJ MacDonald	January 2019	December 2021
RE Corps Sergeant Major	WO1 (Corps SM) P Clark WO1 (Corps SM) M Elliott MBE	December 2018 September 2021	August 2021
Industry Independent	Mr N Goldie-Scot	December 2018
Education Independent	Mr SCook	January 2016
Co-opted
Treasurer	Maj (Retd) I Sidebottom	September 2013
Chief Executive	Lt Col (Retd) G J Hannington	December 2020

					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					2021	2021	2021	2020
				Note
Income and	endowments		from:
Donations and legacies Investments					34,191 197,747	23,470	57,661 197,747	54,820 172,938
Total income					231„938	23,470	255,408	227,758
Expenditure	on:
Charitable activities					511„270	25,493	536,763	454,548
Total expenditure					511,270	25,493	536,763	454,548
Net expenditure		before revaluations			(279,332)	(2,023)	(281,355)	(226,790)
Net gains/(losses)		on investments			654,188		654,188	(265,488)
Net movement	in	funds for	the year		374,856	(2,023)	372,833	(492,278)
Transfers between		funds		18	(2,023)	2,023
Reconciliation	of	funds
Total funds at	1 January 2021				6,915,699		6,915,699	7,407,977
Total funds at	31	December	2021		7,288,532		7,288,532	6,915,699

As at 31 De	cember	2021
					2021		2020
			Note				E
Fixed assets
Tangible assets			14		3,032		3,248
Investments			15		7,177,149		6,845,306
					7,180,181		6,848,554
Current assets
Debtors			16	2,057		11,242
Cash at bank				158,079		139,459
				160,136		150,701
Creditors:	amounts	falling due within one year	17	(51,785)		(83,556)
Net current	assets				108,351		67,145
Net assets					7 288 532		6 915,699
Charity Funds
Restricted funds			18
Unrestricted	funds		18		7,288,532		6,915,699
Total funds					7288 532		6,915,699

			Note	2021		2020
Net cash used in operating activities			22	~166,006		(720,332
Cash flows from investing activities
Interest and dividends Purchase oftangible fixed assets Proceeds from sale oftangible fixed assets				197,747 (1,118)		172,938 (2,121)
Proceeds from sale of investments Purchase of investments				3,579,385 (3,591,388)		6,906,308 (6,514,278)
Cash provided by (used in) investing		activities		184,626		562,847
Increase (decrease) in cash and cash
equivalents in the year				18,620		(157,485)
Cash and cash equivalents at the	beginning		ofthe year	139,459		296,944
Total cash and cash equivalents	at the end ofthe year			158,079		139,459
Analysis ofchanges in net debt
				At 31Jan		At 31 Dec
				2021	Gashflows	2021
						E
Cash and cash equivalents
Cash				139,459	18,620	158,079

3	Donations and Le	gacies
				Unrestricted		Restricted	Total	Total
				funds		funds	funds	funds
				2021		2021	2021	2020
					F	E	E	F
			Note
	Grants Donated services and facilities		4 5	34,191		23,470	23,470 34,191	23,470 31,350
				34,191		23,470	57,661	54,820
	All ofthe donations	and legacies	income was unrestricted		in	2021 and 2020.
4	Grants					Restricted funds	Total funds	Total funds
						2021	2021	2020
								F
	Army Apprenticeship REA Grant	Fund				23,470	23,470	23,470
						23,470	23,470	23,470

Donated services and facilities	Donated services and facilities	Total funds	Total funds
		2021	2020
		E	F
Administrative	salaries	34,191	31,350

Investment			Total	Total
			funds	funds
			2021	2020
			E	F
Dividends Bank interest			197,716 31	172,849 89
			197747	172938
All ofthe investment	income was unrestricted	in 2021 and 2020.

			Direct	Support
			costs	costs	Total	Total
			2021	2021	2021	2020
		Note		E	f.	E
Training Development	programme	8 9	113,239	99,388 119,524	212,627 119,524	203,860 126,152
Registration and certification fees Health 8 safety testing Tuition costs		10 11	165,009 986	18,555	165,009 986 18,555	90,715 735 16,974
Investment fees	management		20,062 299296	237,467	20,062 536,763	16,112 454,548

Notes to the financial statements	Notes to the financial statements
For the year ended 31 December 2021
		Total	Total
8 Training		Funds	Funds
		2021	2020
Direct Costs
Continuous personal development Professional Recognition Award		103,227 7,240	100,125 8,889
Training Development Continuous personal	Programme development	2,772	1,024 (9,032)
		113,239	101,006
Support costs
Depreciation of fixed Marketing 8,website	assets	1,334	1,111 198
Legal and professional	fees		708
Insurance		467	503
IT support & equipment Stationery		2,321 200	1,043 111
Postage and telephone		104	162
Photocopier		291	258
Bank charges		1	20
Travel and subsistence		472	460
Miscellaneous costs		42	123
Hospitality		46	113
Staff costs Donated services and	facilities - admin salaries	82,713 11,397	87,594 10,450
		99,388	102854
		212,627	203,860

Notes to the financial statements	Notes to the financial statements
For the year ended 31 December 2021			Unrestricted	Restricted	Total	Total
9 Development programme			funds 2021	funds 2021	Funds 2021	Funds 2020
Direct costs
Training Development	Programme			25,493	25,493	25,213
				25,493	25,493	25,213
Support costs
Marketing &website Insurance IT support 8 equipment Stationery Postage and telephone Subscriptions Photocopier Bank charges Travel and subsistence Miscellaneous costs Hospitality Communications Hub Staff costs Donated services and	grant facilities	- admin salaries	482 2,391 207 107 249 300 487 43 47 26,200 52,120 11,397		482 2,391 207 107 249 300 1 487 43 47 26,200 52,120 11,397	203 517 1,075 115 167 249 266 20 475 126 117 26,250 60,909 10,450
			94,031		94,031	100,939
			94,031	25,493	119,524	126,152
10 Registration and certification		fees			2021	2020
					E	E
Direct costs
Registration Certification					141,638 23,371	68,789 21,927
					165,009	90,716

or the year ended 31 De	cember	2021
			Total	Total
11 Tuition costs			Funds	Funds
			2021	2020
Support costs
Audit fee Marketing &website			3,179	3,498 198
Insurance			467	503
IT support & equipment Stationery			2 321 200	1,043 111
Postage and telephone			104	162
Photocopier Fees and Licences			291 35	258 35
Bank charges			1	20
Travel and subsistence			472	460
Miscellaneous costs			42	123
Hospitality			46	113
Donated services and	facilities	- admin salaries	11,397	10,450
			18,555	16,974
12 Net income /(expenditure)
This is stated after charging:
			2021	2020
Depreciation oftangible	fixed assets:
- owned by the charity Auditor's remuneration			1,334 3,179	1,111 3,498

Staff costs were as follows:
	2021	2020
	E	F
Wages and salaries Social security costs Other pension costs	118,645 6,963 9,226	130,638 8,671 9,194
	134,834	148,503

2021	2020
No.

Direct charitable	employment
Management and	administration	of the charity

Notes to the financial statements For the year ended 31 December 2021
		Computer
		and Office
14 Tangible fixed assets		Equipment
Cost
At 1 January 2021 Additions Disposals		23,910 1,118
At 31 December 2021		25,028
Depreciation
At 1 January 2021 Charge for the year On disposals		20,662 1,334
At 31 December 2021		21,996
Net book value
At 31 December 2021		3,032
At 31 December 2020		3,248
15 Fixed asset investments
		Listed
		securities
Ilarket value
At 1 January 2021 Additions Revaluations Disposals		6,845,306 3,591,388 319,840 (3,579,385)
At 31 December 2021		7,177,149
Historical cost		6,597,682
Investments at market value comprise:
	2021	2020
Listed investments	7,177,149	6,845,306

16 Debtors
								2021f	2020f
Trade debtors Other debtors								1,969 88 2057	11,242 11242
17 Creditors: amounts	falling due	within one year
								2021f	2020f
Trade creditors Accruals and deferred	income							5,826 45,959 51,785	5,071 78,485 83,556
18Statement offunds
Current year		Brought forward f	Income f	Expenditure	Transfers In/(Out)		f	Gains/ (Losses)f	Carried forwardf
Unrestricted funds
Unrestricted income	fund	6,915,699	23'I,938	511,270		2,023		654,188	7,288,532
Restricted funds
Army Apprenticeship	Fund		23,470	25,493)		2,023
Total offunds		6,915,699	255,408	536,763				654,188	7,288,532
Prior year		Brought forward f	Income f	Expenditure	f	Transfers In/(Out) f		Gains/ (Losses) f.	Carried forwardf
Unrestricted funds
Unrestricted income	fund	7,407,977	204,288	(429,335)		1,743)		265,488	6,915,699
Restricted funds
Army Apprenticeship	Fund		23,470	25,213		1,743
Total offunds		7,407,977	227,758	454,548				265,488	6,915,699

Analysis of net assets between funds
Current year	Unrestricted	Restricted	Total
	funds	funds	funds
	2021	2021	2021
Tangible fixed assets Fixed asset investments Current assets Creditors due within one year	3,032 7,177,149 160,136 (51,785)		3,032 7,177,149 160,136 (51,785)
	7,288,532		7,288 532
Prior year	Unrestricted	Restricted	Total
	funds	funds	funds
	2020	2020	2020
Tangible fixed assets Fixed asset investments Current assets Creditors due within one year	3,248 6,845,306 150,701 (83,556)		3,248 6,845,306 150,701 (83,556)
	6,915,699		6915,699

Reconciliation of net movement in funds	to net
cash flow from operating activities.		Total	Total
		funds	funds
		2021	2020
Net movement in funds Add back depreciation charge Deduct interest income shown in investing	activities	372,833 1,334 (197,747)	(492,278) 1,111 (172,938)
Deduct gains / add back losses on investments Decrease (increase) in debtors Increase (decrease) in creditors		(319,840) 9,185 (31,771)	(106,572) 14,883 35,462
Net cash used in operating activities		166006	720,332