## 




## 

||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)|<br>ColAJGRyanTD|November2019|December2022|
||ColAJCooperQVRMTD|December2022||
|DComd25EngrGp|LtColCWBattey|February2020||
|DComd8EngrBde|ColHTSRickettsOBE|September2021||
|RECorpsSergeant|W0O1(CorpsSM)MElliottMBE|September2021||
|Major||||
|IndustryIndependent|<br>MrNGoldie-Scot|December2018||
|Education|MrSCook|January 2016||
|Independent||||
|Co-opted||||
|Treasurer|Maj(Retd)<br>|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||<br> <br>267,432|<br> <br>25,145|<br> <br>292,577|<br> <br>255,408|
|Expenditureon:||||||
|Charitableactivities|7|359,123|25,188|384,311|536,763|
|Totalexpenditure||<br> <br>359,123|<br> <br>25,188|<br> <br>384,311|<br> <br>536,763|
|Netincome/(expenditure)before<br>revaluations||(91,691)|(43)|(91,734)|(281,355)|
|Netgains/(losses)oninvestments||(361,684)|-|(361,684)|654,188|
|Netmovementinfundsfortheyear||<br>(453,375)|<br>(43)|<br>(453,418)|<br>372,833|
|Transfersbetweenfunds|18|(43)|43|-|.|
|Reconciliationoffunds||||||
|Totalfundsat1January2022||7,288,532|-|7,288,532|6,915,699|
|Totalfundsat31December2022||<br>6,835,114<br>|<br>-<br>|<br>6,835,114<br>|<br>7,288,532<br>|





||Note|£|2022<br>£|£|2021|<br>£|
|---|---|---|---|---|---|---|
|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|
||||<br>36,755|<br>25,145|<br>61,900|<br>57,661|
|||||Restricted|Total|Total|
|4|Grants|||funds|funds|funds|
|||||2022|2022|2021|
|||||£|£|£|
||ArmyApprenticeshipFund|||25,145|25,145|23,470|
|||||<br>25,145|<br>25,145|<br>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|<br>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|
|||<br>184,410<br>|<br>199,901<br>|<br>384,311<br>|<br>536,763<br>|





|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|-|
||||<br>20,640|<br>25,188|<br>45,828|<br>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|
||||<br>86,148|<br>-|<br>86,148|<br>94,031|
||||<br> <br>106,788|<br> <br>25,188|<br> <br>131,976|<br> <br>119,524|
|10|Registrationandcertification|fees|||||
||||||2022|2021|
||||||£|£|
||Directcosts||||||
||Registration||||79,045|141,638|
||Certification||||18,580|23,371|
||RefundPreviousYearExpenditure||||(64,634)|-|
|||||<br>|<br>32,991<br>|<br>165,009<br>|





## 

|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<br>At1January2022<br>Additions<br>Revaluations<br>Sold||7,177,149<br>2,620,913<br>(172,390)<br>(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)|
||<br> <br>6,835,114|<br> <br>-|<br> <br>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)|
||<br>7,288,532<br>|<br>-<br>|<br>7,288,532<br>|



## 



## 

## 

|Reconciliationofnetmovementinfundstonet<br>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|<br>(548,296)<br>|<br>(166,006)<br>|