| Page | |
|---|---|
| Trustee’sreport | 1-8 |
| ReferenceandadministrativedetailsoftheCharity,itstrustees,andadvisers | 9-10 |
| Independentauditor'sreport | 11-14 |
| Statementoffinancialactivities | 15 |
| Balancesheet | 16 |
| Statementofcashflows | 17 |
| Notestothefinancialstatements | 18-30 |
| APPOINTMENT | NAME | APPOINTED | RESIGNED |
|---|---|---|---|
| ComdtRSMEGp | BrigPJRowellMBE | September2019 | |
| CorpsCol | ColMQuareMBE ADC | September2017 | December2022 |
| ColRBHawkinsMBEADC | December2022 | ||
| CorpsCol(Reserves) | ColAJGRyanTD |
November2019 | December2022 |
| ColAJCooperQVRMTD | December2022 | ||
| DComd25EngrGp | LtColCWBattey | February2020 | |
| DComd8EngrBde | ColHTSRickettsOBE | September2021 | |
| RECorpsSergeant | W0O1(CorpsSM)MElliottMBE | September2021 | |
| Major | |||
| IndustryIndependent | MrNGoldie-Scot |
December2018 | |
| Education | MrSCook | January 2016 | |
| Independent | |||
| Co-opted | |||
| Treasurer | Maj(Retd) |
Sidebottom | September2013 |
| ChiefExecutive | LtCol(Retd)GJHannington | December2020 | August2022 |
| Charityregisterednumber | |||
| 1068709 | |||
| Principaloffice | |||
| HeadquartersRoyalSchoolofMilitaryEngineering | |||
| BromptonBarracks | |||
| Chatham | |||
| Kent | |||
| ME44UG |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| Note | £ | £ | £ | £ | |
| Incomeandendowmentsfrom: | |||||
| Donationsandlegacies | 3 | 36,755 | 25,145 | 61,900 | 57,661 |
| Investments | 6 | 230,677 | - | 230,677 | 197,747 |
| Totalincome | 267,432 |
25,145 |
292,577 |
255,408 |
|
| Expenditureon: | |||||
| Charitableactivities | 7 | 359,123 | 25,188 | 384,311 | 536,763 |
| Totalexpenditure | 359,123 |
25,188 |
384,311 |
536,763 |
|
| Netincome/(expenditure)before revaluations |
(91,691) | (43) | (91,734) | (281,355) | |
| Netgains/(losses)oninvestments | (361,684) | - | (361,684) | 654,188 | |
| Netmovementinfundsfortheyear | (453,375) |
(43) |
(453,418) |
372,833 |
|
| Transfersbetweenfunds | 18 | (43) | 43 | - | . |
| Reconciliationoffunds | |||||
| Totalfundsat1January2022 | 7,288,532 | - | 7,288,532 | 6,915,699 | |
| Totalfundsat31December2022 | 6,835,114 |
- |
6,835,114 |
7,288,532 |
| Note | £ | 2022 £ |
£ | 2021 | £ |
|
|---|---|---|---|---|---|---|
| Fixedassets | ||||||
| Tangibleassets | 14 | 1,698 | 3,032 | |||
| Investments | 15 | 6,674,274 | 7,177,149 | |||
| 6,675,972 | 7,180,181 | |||||
| Currentassets | ||||||
| Debtors | 16 | 29,536 | 2,057 | |||
| Cashatbank | 170,945 | 158,079 | ||||
| 200,481 | 160,136 | |||||
| Creditors:amountsfallingduewithinoneyear | 17 | (41,339) | (51,785) | |||
| Netcurrentassets | 159,142 | 108,351 | ||||
| Netassets | 6,835,114 | 7,288,532 | ||||
| CharityFunds | ||||||
| Restrictedfunds | 18 | |||||
| Unrestrictedfunds | 18 | 6,835,114 | 7,288,532 | |||
| Totalfunds | 6,835,114 | 7,288,532 |
| 3 | DonationsandLegacies | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| £ | £ | £ | £ | |||
| Note | ||||||
| Grants | 4 | - | 25,145 | 25,145 | 23,470 | |
| Donatedservicesandfacilities | 5 | 36,755 | - | 36,755 | 34,191 | |
36,755 |
25,145 |
61,900 |
57,661 |
|||
| Restricted | Total | Total | ||||
| 4 | Grants | funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||||
| £ | £ | £ | ||||
| ArmyApprenticeshipFund | 25,145 | 25,145 | 23,470 | |||
25,145 |
25,145 |
23,470 |
||||
| AlloftheGrantincomewasrestrictedin2022and2021. | ||||||
| Total | Total | |||||
| 5 | Donatedservicesandfacilities | funds | funds | |||
| 2022 | 2021 | |||||
| £ | £ | |||||
| Administrativesalaries | 36,755 | 31,350 |
| 6 | InvestmentIncome | ||
|---|---|---|---|
| Total | Total | ||
| funds | funds | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Dividends | 230,620 | 197,716 | |
| Bankinterest | 57 | 31 | |
| 230,677 | 197,747 |
| Direct | Support | ||||
|---|---|---|---|---|---|
| costs | costs | Total | Total | ||
| 2022 | 2022 | 2022 | 2021 | ||
| Note | £ | £ | £ | Ei | |
| Training | 8 | 82,106 | 95,679 | 177,785 | 212,627 |
| Developmentprogramme | 9 |
45,828 | 86,148 | 131,976 | 119,524 |
| Registrationand | |||||
| certificationfees | 10 | 32,991 | - | 32,991 | 165,009 |
| Health&safetytesting | 1,674 | - | 1,674 | 986 | |
| Tuitioncosts | 11 | - | 18,074 | 18,074 | 18,555 |
| Investmentmanagement | |||||
| fees | 21,811 | - | 21,811 | 20,062 | |
184,410 |
199,901 |
384,311 |
536,763 |
| Notestothefinancialstatements | |||
|---|---|---|---|
| Fortheyearended31December2022 | |||
| Total | Total | ||
| 8Training | Funds | Funds | |
| 2022 | 2021 | ||
| £ | £ | ||
| Directcosts | |||
| ContinuousPersonalDevelopment | 77,695 | 103,227 | |
| ProfessionalRecognitionAward | 4,411 | 7,240 | |
| TrainingDevelopmentProgramme | - | 2,772 | |
| 82,106 | 113,239 | ||
| Supportcosts | |||
| Depreciationoffixedassets | 1,334 | 1,334 | |
| Legalandprofessionalfees | 459 | - | |
| Insurance | 389 | 467 | |
| ITsupport&equipment | 740 | 2,321 | |
| Stationery | 219 | 200 | |
| Postageandtelephone | 85 | 104 | |
| Photocopier | 279 | 291 | |
| Bankcharges | 11 | 1 | |
| Travelandsubsistence | 389 | 472 | |
| Miscellaneouscosts | 409 | 42 | |
| Hospitality | ~ | 46 | |
| Staffcosts | 79,113 | 82,713 | |
| Donatedservicesandfacilities | -adminsalaries | 12,252 | 11,397 |
| 95,679 | 99,388 | ||
| 177,785 | 212,627 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| 9 | Developmentprogramme | funds | funds | Funds | Funds | |
| 2022 | 2022 | 2022 | 2021 | |||
| £ | £ | £ | £ | |||
| Directcosts | ||||||
| TrainingDevelopmentProgramme | - | 25,188 | 25,188 | 25,493 | ||
| DefenceAwardingProject | 20,640 | - | 20,640 | - | ||
20,640 |
25,188 |
45,828 |
25,493 |
|||
| Supportcosts | ||||||
| Insurance | 401 | - | 401 | 482 | ||
| ITsupport&equipment | 762 | - | 762 | 2,391 | ||
| Stationery | 227 | - | 227 | 207 | ||
| Postageandtelephone | 87 | - | 87 | 107 | ||
| Subscriptions | 249 | - | 249 | 249 | ||
| Photocopier | 288 | - | 288 | 300 | ||
| Bankcharges | 11 | - | 11 | 1 | ||
| Travelandsubsistence | 401 | - | 401 | 487 | ||
| Miscellaneouscosts | 422 | - | 422 | 43 | ||
| Hospitality | - | - | - | 47 | ||
| CommunicationsHubgrant | 26,250 | - | 26,250 | 26,200 | ||
| Staffcosts | 44,798 | - | 44,798 | 52,120 | ||
| Donatedservicesandfacilities | -adminsalaries | 42,252 | . | 42,252 | 11,397 | |
86,148 |
- |
86,148 |
94,031 |
|||
106,788 |
25,188 |
131,976 |
119,524 |
|||
| 10 | Registrationandcertification | fees | ||||
| 2022 | 2021 | |||||
| £ | £ | |||||
| Directcosts | ||||||
| Registration | 79,045 | 141,638 | ||||
| Certification | 18,580 | 23,371 | ||||
| RefundPreviousYearExpenditure | (64,634) | - | ||||
32,991 |
165,009 |
| r | theyearended31December2022 | ||
|---|---|---|---|
| Total | Total | ||
| 11 | Tuitioncosts | Funds | Funds |
| 2022 | 2021 | ||
| Supportcosts | |||
| Auditfee | 3,300 | 3,179 | |
| Insurance | 389 | 467 | |
| ITsupport&equipment | 740 | 2,321 | |
| Stationery | 219 | 200 | |
| Postageandtelephone | 86 | 104 | |
| Photocopier | 279 | 291 | |
| FeesandLicences | - | 35 | |
| Bankcharges | 11 | 1 | |
| Travelandsubsistence | 389 | 472 | |
| Miscellaneouscosts | 409 | 42 | |
| Hospitality | - | 46 | |
| Donatedservicesandfacilities-adminsalaries | 12,252 | 11,397 | |
| 18,074 | 18,555 | ||
| 18,074 | 18,555 | ||
| 12 | Netincome/(expenditure) | ||
| Thisisstatedaftercharging: | |||
| 2022 | 2021 | ||
| £ | £ | ||
| Depreciationoftangiblefixedassets: | |||
| -ownedbythecharity | 1,334 | 1,334 | |
| Auditor'sremuneration | 3,300 | 3,179 |
| 2022 | 2021 | |
|---|---|---|
| £ | ||
| Wagesandsalaries | 110,593 | 118,645 |
| Socialsecuritycosts | 4,986 | 6,963 |
| Pensioncosts | 8,332 | 9,226 |
| 123,911 | 134,834 |
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| Directcharitableemployment | ||
| Managementandadministrationofthecharity |
| r | theyearended31December2022 | ||
|---|---|---|---|
| Computer | |||
| andOffice | |||
| Equipment | |||
| 14 | Tangiblefixedassets | ||
| £ | |||
| Cost | |||
| At1January2022 | 25,028 | ||
| At31December2022 | 25,028 | ||
| Depreciation | |||
| At1January2022 | 21,996 | ||
| Chargefortheyear | 1,334 | ||
| At31December2022 | 23,330 | ||
| Netbookvalue | |||
| At31December2022 | 1,698 | ||
| At31December2021 | 3,032 | ||
| 15 | Fixedassetinvestments | ||
| Listed | |||
| securities | |||
| £ | |||
| Marketvalue At1January2022 Additions Revaluations Sold |
7,177,149 2,620,913 (172,390) (2,951,398) |
||
| At31December2022 | 6,674,274 | ||
| Historicalcost | 6,485,618 | ||
| Investmentsatmarketvaluecomprise: | |||
| 2022 | 2021 | ||
| £ | £ | ||
| Listedinvestments | 6,674,274 | 7,177,149 |
| Currentyear | Unrestricted | Restricted | Total |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| £ | £ | £ | |
| Tangiblefixedassets | 1,698 | - | 1,698 |
| Fixedassetinvestments | 6,674,274 | - | 6,674,274 |
| Currentassets | 200,481 | - | 200,481 |
| Creditorsduewithinoneyear | (41,339) | - | (41,339) |
6,835,114 |
- |
6,835,114 |
|
| Prioryear | Unrestricted | Restricted | Total |
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| £ | £ | £ | |
| Tangiblefixedassets | 3,032 | - | 3,032 |
| Fixedassetinvestments | 7,177,149 | - | 7,177,149 |
| Currentassets | 160,136 | - | 160,136 |
| Creditorsduewithinoneyear | (51,785) | = | (51,785) |
7,288,532 |
- |
7,288,532 |
| Reconciliationofnetmovementinfundstonet cashflowfromoperatingactivities. |
||
|---|---|---|
| Total | Total | |
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| Netmovementinfunds | (453,418) | 372,833 |
| Addbackdepreciationcharge | 1,334 | 1,334 |
| Deductinterestincomeshownininvestingactivities | (230,677) | (197,747) |
| Deductgains/addbacklossesoninvestments | 172,390 | (319,840) |
| Decrease(increase)indebtors | (27,479) | 9,185 |
| decreaseincreditors | (10,446) | (31,771) |
| Netcashusedinoperatingactivities | (548,296) |
(166,006) |