Charity registration number 1113553 (England and Wales)
101 (CITY OF LONDON) ENGINEER REGIMENT
(RICHMOND HILL) CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

101 (CITY OF LONDON) ENGINEER REGIMENT
(RICHMOND HILL) CHARITABLE TRUST
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Lt Col Retd M J Heffer TD RE (Chair)
Lt Col D A White RE
Col R B H Hawkins MBE ADC
Major E Mukhtar MBE RE
W01 (RSM) M W Gawne RE
Capt Retd S Clubley RE
(Appointed 1 July 2024)
{Appointed 18 January 2025)
Charlty number
1113553
Principal address
Army Reserve Centre
Hudson House
Bromley Road
London
SE6 2RH
Independent examiner
Stuart Faed BS¢ (Hons) CA DipPFS
17 Walkergate
Berwick-upon-Tweed
Northumberland
TD15 1DJ
Bankers
The Co-operative Bank plc
Investment advisors
Sarasin & Partners LLP
Juxon House
100 St. Paul's Churchyard
London
EC4M 8BU
BlackRock Investment Management (UK) Limited
12 Throgmorton Avenue
London
EC2N 2DL

101 (CITY OF LONDON) ENGINEER REGIMENT
(RICHMOND HILL) CHARITABLE TRUST
CONTENTS
Page
Trustees, report
Independent examinerfs report
Statement of financial acAivslies
Balance sheet
Notes to the financial statements
7-11

101 (CITY OF LONDON) ENGINEER REGIMENT
(RICHMOND HILL) CHARITABLE TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report and accounts for 101 (City of London) Engineer Regiment (Richmond Hilt)
Charitable Trust (the Charity) for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in nole 1 to the
financial statements and comply with the Charity's governing document, the Charities Act 2011, FRS 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP 'Accounting
and Reporting by Charilies.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)"
Objectlves and activities
The Charily's objects are-_
To promote the efficiency of the Regiment, or any SUC￿sS0r unit in such charitable ways as the trustees
may decide.,
To make grants to any regimenlal charity or to any other charity or charitable organisation for the benefit of
the Regiment, or any successor unit.,
To make grants to any member or former member of the Regiment, or of any successor unit who is in need.
hardship or distress.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
Charity should undertake.
Achievements and perforn]ance
During the year the Charity has continued to support current and former members of the Regiment and their families
and dependents in accordan￿ with the aims and objectives set out above, through requested grant payments
made to the 101 Engineer Regiment. It is anticipated that these activilies will continue for the foreseeable future.
The trustees will continue to monilor the prevailing economic climate and its potential impacts on relevant serving
personnel and veterans, finances and wellbeing. An increase in applications for benevolence support is an ongoing
possibility.
The performance of the investment funds has fluctuated. due to geopolitical reactions to world trade economics,
with the value of listed investments decreasing by £37,191 (2024: £115,795 increase) and broadly reflects the
global stock market performance over the period which is now starting to show signs of recovery. Therefore, the
trustees strongly believe this will allow the Charity to conlinue to meet the current calls on the funds.
Public benefit
In considering the operation, achievements and performance and finances of the Charity, the trustees are satisfied
that public benefit has been provided in accordan￿ wilh the Charities Act 2011 and the guidance provided by the
Charity Commission.
Financial review
The financial results are shown on pages 5 - 11 of the accounts for the year. The Statement of Financial Activities
recorded a surplus (after investment revaluations) of £5,742 for the year (2024.. £132.861 surplus}.
The net assets of the General Funds at 31 March 2025 were £2,573,261 (2024.. £2.567.519).
The market value of the investments at 31 March 2025 was £2.404,312 (2024: £2,441,503).
Grant making policy
Grants are rnade in accordance with the Charity's objectives, as set out above. Each application is considered on its
merits.

101 (CITY OF LONDON) ENGINEER REGIMENT
(RICHMOND HILL) CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Reserves
All the Charity's funds are available to meet the charitable objectives set out above. The trustees review the
resetves of the Charity annually and consider the nature and adequa￿ of Ihe income and expenditure streams and
have concluded that the reserves are sufficient to allow the Charity to continue to meet its objectives.
Investment policy
Investments are professionally managed by Sarasin & Partners LLP and BlackRock Investment Management (UK)
Limited, who continue to act on a discretionary basis. The investment objectives are to achieve a balance of income
and capital growth with an emphasis on income, assuming a medium risk profile.
Rlsk review
The trustees have assessed the major risks to which the Charity is exposed. and are satisfied that systems are in
pla￿ to mitigate exposure to the major risks.
Structure, governance and management
The Charity was established by a charitable Trust Deed dated 4 April 2006 as amended 15 January 2015.
The trustees who served during the year and up to the date of signature of the financial statements were..
Maj Gen A M G Smylh QVRM TD DL
(Deceased 3 January 2025)
Lt Col Retd M J HefferTD RE (Chair)
Lt Col DA White RE
Col R B H Hawkins MBE ADC
Major E Mukhtar MBE RE
W01 {RSM) C A Stewart RE
W01 {RSM) M W Gawne RE
Capt Retd S Clubley RE
(Resigned 30 June 2024)
(Appointed 1 July 2024)
(Appointed 18 January 2025)
Trustees are selected to ensure that they have the best inlerests of the Regiment al heart bul remain a balanced
group able to advise on the best means of achieving the objectives of the Charity.
The Charity's affairs are under the control of the Irustees who are responsible for all transactions and matters
relating to the Charity.
The minimum number of trustees is six: 3 ex-officio trustees and 3 co-opted trustees. The ex officio trustees will
i) the Commanding Officer for the time being.,
ii) the Regimental Second-in-command for the time being- and
iii) the Regimental Sergeant Major for the time being.
Ex-officio trustees are appointed by virtue of their posts- general trustees are co-opted by serving trustees. In
selecting individuals for appointment as trustees, the trustees must have regard to the skills, knowledge and
experience needed for the effective administration of the Charity. New trustees are also given a copy of the Trust
Deed, the latest report and accounts and all the Charilvs documents on governance. Subject to their experience
and expertise, they are also given pamphlets issued by the Charity Commission explaining the duties of Trustees of
Charities and offered training in any area of their duties which they Ihink they would like strengthening.

101 (CITY OF LONDON) ENGINEER REGIMENT
(RICHMOND HILL) CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Statement of trustees. responsibilities
The trustees are responsible for preparing the Trustees, Report and the accounts in accordance wilh applicable law
and United Kingdom Accounting Standards (United Kingdom Generally A￿pted Accounting Practice).
The law applicable to tharities in England and Wales requires the trustees to prepare accounts for each financial
year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and
application of resources of the Charity for that year.
In preparing these accounts, the trustees are required to:
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material departures disclosed
and explained in the accounts,. and
prepare the accounts on the going concem basis unless it is inappropriate to presume that the Charity will
continue in operation.
The trustees are responsible for keeping suffirienl accounting records that disclose with reasonable accuracy at any
time the financial position of the Charity and enable them to ensure that the accounts comply with the Charities Act
2011. the Charity (Accounts and Reports} Regulations 2008 and the provisions of the Trust Deed. They are also
responsible for safeguarding the assets of the Charity and hen￿ for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
The trustees, report was approved by the Board of Trustees.
Lt Col Reld M J Heffer TD RE (Chair)
Trustee
15 September 2025

101 (CITY OF LONDON) ENGINEER REGIMENT
(RICHMOND HILL) CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF 101 (CITY OF LONDON) ENGINEER REGIMENT
(RICHMOND HILL) CHARITABLE TRUST
I report to the trustees on my examination of the accounts of the Charity for the year ended 31 March 2025.
Responsibilities and basTS of report
As the trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Acl 2011 {'the Act,).
I report in respect of my examinalion of the Charity's accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed all the applicable directions given by the Charity Commission
under section 145(5)(b) of the Act.
Independent examinerfs statement
I have completed my examination. I confirm that no material matters have come to my attention in connection
with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the Charity as required by section 130 of the Act. or
the accounts do not accord with those records.. or
Ihe accounts do not comply with the applicable requirements con￿mIng the form and content of accounts
sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the
accounts give a 'true and fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention
shou
drawn in this report in order to enable a proper understanding of the accounts to be reached.
Stuart
ae
Bsc (Hons) CA DipPFS
er
ate
Be￿ick-up0n-TWeed
Northumberland
TD15 1DJ
Dated: 15 September 2025

101 (CITY OF LONDON) ENGINEER REGIMENT
(RICHMOND HILL) CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestrscted
funds
2025
Total
2024
Notes
Income from:
Investments
82,364
79.922
enditure on:
Charitable activities
39,431
62,856
Net gainsl(losses) on investments
(37.191)
115,795
Net movement in funds
5,742
132,861
Fund balances at 1 April 2024
2.567.519 2.434.658
Fund balances at 31 March 2025
2,573,261
2,567,519
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

101 (CITY OF LONDON) ENGINEER REGIMENT
(RICHMOND HILL) CHARITABLE TRUST
BALANCE SHEET
ASAT31 MARCH 2025
2025
2024
Notes
Flxed assets
Investments
11
2,404,312
2,441,503
Current assets
Cash at bank and in hand
170,281
127.306
Creditors: amounts falling due within
one year
12
(1,332)
(1,290)
Net current assets
168.949
126,016
Totsl assets less current liabilities
2,573,261
2,567,519
The funds of the Charity
Unrestricted funds
2.573,261
2,567,519
2.573.261
2,567.519
The financial statements were approved by the Irustees on 15 September 2025
Lt Col Retd M J HefferTD RE (Chair)
Trustee
Capl
eld
Clubley RE

101 (CITY OF LONDON) ENGINEER REGIMENT
(RICHMOND HILL) CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity infomiation
101 {Cily of London) Engineer Regiment (the Charity) is an unincorporated charity established by a Trust
Deed, registered with the Charity Commission, number 1113553.
1.1 Accounting convention
The financial statements have been prepared in accordan￿ with the Charity's goveming document, the
Charities Act 2011, FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland"
and the Charities SORP "AGcounling and Reporting by Charities= Statement of Recommended Practi
applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)" The Charity is a Public Benefit Entity as defined by
FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of
cash flows.
The financial statements are prepared in Sterling, which is the functional currency of the Charity. Monetary
amounts in these financial stalemenls are rounded to the nearest £.
The accounts have been prepared under the historical cost convention. modified to include the revaluation of
fixed asset investments and certain financial instruments at fair value. The principal accounting policies
adopted are set out below.
1.2 Going concern
At the time of approving the financial stalements, the truslees have a reasonable expectation that the Charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the truslees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
1.4 Incoming resources
Income is recognised when the Charity is legally entitled to it after any perf0mlan￿ conditions have been
met, the amounts can be measured reliably. and it is probable that incorne will be received.
Investment income comprises dividends re￿1vable during the year on listed investmenls held within the
investment portfolio as well as interest receivable.
1.5 Resources expended
All expenditure is accounted for on an accruals basis. Costs are allocated to appropriate headings, based on
the activities to which they are attributable.
1.6 Fixed asset Investments
Fixed asset investments are initia15y measured at transaction Pri￿ excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expenditure) for the year. Transaction costs are expensed as incurred.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabililies.

101 (CITY OF LONDON) ENGINEER REGIMENT
(RICHMOND HILL) CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
{Continuedl
1.8 Financial instruments
The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charily becomes party to the
conlractual provisions of the instrument.
Financial assets and liabilities are offset. with the nel amounts presented in the financial statements. when
there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transadion costs and are subsequently carried at amortised cost using the effective
interest method unless Ihe arrangement constilutes a financing transaction, where the transaction is
measured at ihe present value of Ihe future receipts discounted at a market rate of interest. Financial assets
classified as re￿1vable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction. where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilTties if payment is due within one
year or less. If not, they are presented a5 non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or
cancelled.
1.9 Grants payable
Grants payable are charged in the year in which the offer is made to the recipient.
1.10 Realised gains and losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses
on investments are calculated as the difference between sale proceeds and opening market value (purchase
date if later). Unrealised gains and losses a￿ calculated as Ihe difference between the carrying value at the
period end and opening market value (or purchase date if later).

101 (CITY OF LONDON) ENGINEER REGIMENT
(RICHMOND HILL) CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Critical accountlng estimates and judgements
In the application of the Charity's accounting policies. the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are nol readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from Investments
Unrestricted Unrestrictsd
funds
funds
2025
2024
Income from listed investments
Other interest
82.322
42
79,881
41
82,364
79,922
Charitable activities
Grants
payable
2025
Other
Total
2025
Total
2024
2025
Trustee meetings
192
192
87
Grant fijnding of activities (see note 5)
Share of governan￿ costs (see note 6)
37,955
1,284
37,955
1,284
61,509
1,260
39,239
192
39,431
62,856
Grants payable
2025
2024
Grants payable
37.955
61,509
37,955
61,509

101 (CITY OF LONDON) ENGINEER REGIMENT
(RICHMOND HILL) CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Grants payable
{Continued)
Grants are made in aC￿rdan￿ with the Charity's objectives.,
During the year 3 grants totalling £37,955 (2024.. 4 grants tolalling £61,509) were made 10 101 Engineer
Regiment.
Support costs
Governance
costs
2025 Governance
costs
2024
Accountancy and independent examination fee
1,284
1,284
1,260
1,260
1,284
1.284
1,260
1.260
Analysed beiween
Charitable activilies
1,284
1.284
1,260
1,260
Governance costs includes payments to the independent examiner of £1.284 (2024: £1,260) for accountancy
and independent examination services.
Trustees
None of the trustees (or any persons connected with them) received any remuneration (2024= £Nil) or
expenses {2024.' £Nil) during the year.
Gains and losses on investments
Unrestrlcted Unrestricted
funds
funds
2025
2024
Gainsl(losses) arising on:
Revaluation of investments
(37,191)
115,795
Employees
There were no employees during the year.
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
10-

101 (CITY OF LONDON) ENGINEER REGIMENT
(RICHMOND HILL) CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11 Fixed asset investments
Listed
investments
Cost or valuation
At 1 April 2024
Valuation changes
2,441,503
(37,191)
At 31 March 2025
2,404,312
Carrying amount
At 31 March 2025
2,404,312
At 31 March 2024
2,441,503
Fixed asset investments revalued
All quoted investments are held in the United Kingdom. They are included above at market value. The historic
cost of the investment portfolio is £2,140,000 {2024: £2.140.000).
12 Creditors: amounts falling due within one year
2025
2024
Accruals and deferred income
1,332
1,290
13 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balan￿S of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used.
At 1 April
2024
Incomlng
resources
Resources
expended
Gains and At 31 March
losses
2025
General funds
2,567,519
82,364
(39,431)
(37,191)
2,573,261
Previous year:
At 1 April
2023
Incoming
resources
Resources
expended
Gains and At 31 March
losses
2024
General funds
2,434,658
79,922
(62,856)
115,795
2,567,519
14 Related party transactions
There were no disdosable related party transactions during the year (2024.. None).
11

101 (CITY OF LONDON) ENGINEER REGIMENT
(RICHMOND HILL) CHARITABLE TRUST
DETAILED INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Investment income
Investment income
Bank interest
82,322
42
79,881
41
82,364
79.922
Total incomlng resources
82.364
79,922
Resources ex
ended
Charitable activitles
Grants payable
Grants to 101 Engineer Regiment
37.955
61.509
(37,955)
{61,509)
Other
Trustee meetings
192
87
(192)
(87)
Governance costs
Accountancy and independent examination fee
1,284
1,260
{1,284)
(1,260)
Net gainsl{losses) on investments
Revaluation of investments
(37,191)
115.795
Surplus for the Year
5,742
132.861
12-