Charfty Number. 1202413 Royal Engineers Headquarter Mess Trustees. report and financial statements for the year ended 31 December 2024
Royal Englnwrn Headquart•r PA• Cont¢nts Tru•tOH' rnport Rel•rnnc• and admlfilkntlv• d•t•ll• of th• charlty. Its Iru•t••• •dvl••rn Ind•p•nd•nt •udltots rnport 10-13 Stat•ffl•nt of Ilnancl•l actMII•• 14 Balan •h••t 15 stst•Thint ol cuh flow• 16 An•ly•h of ch•ngH In net d•bt 18 NO to th• fln•n¢thl statom•nl• 17-28
Royal Englneern Headquarter Mess Trustees. report for the yoar ended 31 December 2024 Th8 Trustees present Ihelr amual report of the fijnd for the year ended 31 December 2024. The finandal statements have been prepared in accordance with tho accounting policies set out at note 2 to the accounts and ¢xmply wth the Charities Act 2011 and the Charities SORP FRS 102. Trustees conslder that In preparlng these finanaal slalements they have taken into ac¢ounl all inf0mli0n that could reasonably be expected to be available (including levels of reseryes held). Therefo, the going GorKem basis of accountirvj is deemed appropriate and there are no material uncertainties. ECT IES The otiect ofthe charity is: 7hg prn01 of effncy olthe annedforces ofthe Crown by the proviwn andsupport Tac¥19S and activkn forthe and well.being of serGe peTronner. This IS to be achieved by preserving the financial ¥tability of the Corp5 of Royal Engineers. Headquarter Mess, mainlaining the propety owned by the officers of the Corps of Royal Engler8 and the promotion of Esprit de Corps on behaw of those officers. Trustees pursued a slrategy of planned malntenance, repalr and finala7 support through the annual income recelved from.. Voluntsry subscdplions collected from seNlng RE officers, dravm down through The Days, Pay Scheme and from retirèj offirkrs a5 an annual payment for continued Mes8 membership" Investment Income.. The ottasional hire of the as a venue and ts hlre of Mess Property (gHorts and silver). The HQ Mess Board developed a delalled budw to achieve speGifiG outputs. Further details are provided under A¢hievements and Perfomiance. ACHIEVEMENTS AND PERFORMANCE Actl¥ltle8 Trustees wrsued the follovlrKJ actlviles through their sub-committees and secretar. Optlmlsod Incoffle frnm sub8crlpllong: Income fr(n subscriptions is derived from Iwo sou S•rvlng Royal Englneers Offlcers. Prior to 1st April 2008 Queen's Regulalons for the Amry 1975 paragraph 5.711 allowed a compulsory subs¢riplion to be levled agalnst each servlng Royal Engineers officer to preserve the financial stability of the Royal Engineers Headquarters Mess. From 181 April 2008 the subscription wa8 made voluntary and is drawn d¢)wn throLh the Oays, Pay Scheme. All nff officers are briefed on the scheme. The current rate of subscripb'on to the Royal Engineers Headquarte Mess is 70% of an officefs gross daity pay. In 2024. thi¥ amounted lo £147.10512023.' £143,024). Retlrod Offlcorn. Nevly tetired officers who wish to retsin their links wlh the Corps are invited in Ivriting by the Corps Colonel to psy a nominal annual subscription of £25 to be accorded Corps Mess membership 8tatus. In 2024 ihis amounted to £14,343 (2023.. £14.9121 plu$ £2.04412023: £1,864} in gift aKI lox refund. M*lntaln•d Incom• & Growth from Inv•strn•nts The HQ Me88 investments are held in the Armed Forces Charities Groth and In(x>me Fund managed by BlackRod¢ Investment Managers. Investments delivered (lividend5 of £22.880 in 2024 (2023.. £17.281). During tho period 1 January to 31 December 2024, the perfomance of the distribution unlts in the fund was +8.1% (2023.. +4.3%1 after fees and expenses. Since launch in September 2002, the fund has produced a relum of +338.27% cumulative, +6.8% annual12023.. +305.5% cumulative, +6.8% annual). The fvnd's benchmark since Inceptknn has returned +400.0% cumulalve and +7.5% annual. The HQ Me88 invested a further £150K in 2024.
Royal Englnegrn Hoadquarter Mess Trusts•$' roport Icontlnuedl forthe year ondgd 31 December 2024 Gen•rntsd Mls¢ollan•ous Income A surplus of £37 (2023: £871 was generated through the purchase of win& for Ihe RE HQ Mess and sale through the contractor. IndN¢dual officers and unlts conlritrMJted £1.855 (2023.. £1.8851 through the hire of moss propety. Supported New Commlsslons A number of enquiries had been received {some are still being refined) but no minor commis5w)n gran15 were made in 2024. Purnuod Planned Improvements. Malntenance & Repolr: The Corps Mess Secretary supeThlsed mainlerwKe and repairagainst Specif l)udget lines wously approvgj ty the RE HQ Mess Board: General.. A totsl 01£3,62412023.' £4,263) was expende(l on general propety malntenance (note 111. Corps Sllver.. A total of £1,45012023". £3.732} was expended on the continued planned wogramme of repair and refimbishment, vthich c4Jmmenced in Jsrwary 2002 (note 6). Foster Esprft d• Corp: The RE HQ Me88 Fund provided £43.933 {2023.. £48.3881 in grants to offset the co81 of Corps. E8labli$hmenl aThJ Unit (Regular and Reseniel entertainment costs. 2024 FINANCIAL REVIEW Summ•ry Net income before other recognised 98lns and losses was £81.590 (2023: Net income £58,496). Net gains on lnvestsnts were £25,497 {2023'. Net loss £5.6361. Balanc• Shoot The aumUlated fund increa8ed by £107.087 to £6.996.080 (2023 increased by £52,860 to £6,888,993). Not8Stothe Statementof Financial Athvits'es arKI Balance Sheet provlde supplementary inf0mlati agaIteaCh funding atvlty. Moss Secretary Satsry Trusteès agreed, with effect from 11¢ January 1997, that the Corps Mess Secretary's salary and emFdoys penwon contrtbuiions were to t¢ funded by thè RE HQ Mess l(Jne Ihirdj and the RE Central Charitable TNst Ihirdsl. The current Corp8 Me88 Sttretary retires in January 2025 and a replacement Mll be rewited as soon as possible by the Board fOlkn the advertiSNW interview process.
Royal Englne•rJ Headquarter IAoss Tru$ts•¥' r•port Icontlnu•d) for tho ygar end 31 D8cgmb•r 2024 InvMtm•nt Houm & Polky AI RE HQ Mess Irvthtn bea). slKt 2002. nwnapj ty BlockRod( as part of the Amied Force8 Charltles Gr(yth & Income FuThl (frrfmerty tho AMI1 FCeS c(rn lrNestnt Fu. The Oty'•cafve of the FuThl18 un¢lwyd and seeks to provth a relum on investment (net offee81 over i period of 5 or more consecArtr¥e years begiMifKJ at the point of investmenL genefaled ttwgh an Increase to the valuè of the a88el$ held ty the Fund an¢Yor irwme receNed from It#MI as8ets. Tr Fund has a fleble appr08ch to asset allocation and seek# to a¢hio¥e ts inv•stsnent ot4ethe through a varlety of a88el d8sses. The Fund18 advely managed ar thi'8 may vary lIti0th limrtation deIng market conditiorts and other factors at tho Investment Manag3 (IMI d15uetfion in acconlBnce the Fund's irNestmenl Oicy. InvMtffl•nt Envlronm•nl SoctsL Corpor•l• Govornanc• IESG The BlackR¢xk Anned Force8 Grty•th & Inczrn Fund 8eeks brwe3tr tlfty belleve are well aligned to Ihe increasing preferenc for chaiiiies to invest in enwronmentslty sustsinablo companies. These Ihematlc investments not onty prowde d¥ersrficalion lothe Fund aloo ensure that d'ent'8 caprtal is being used lo drive positfve charge. An exarnp of this ilhin the Fund rb InvestThnts In rnn8wa8 energy and energy efficiency expo8ures. BlackRock ident1fd fenthvth enwgy u a Sl0r Ih8t need•J capital b3d( in 2013 and which pr88ented a good investment OPpfAJnfy as VAI as driving positNe envIrment change. They have alao i(1onlifiod energy effic$• as a 8ectorwhich requires caphl in er lo help retrofit heatsng sy81ems in bulldings and provKIg soILrtions to energy waste, something Ihot il b8 key to wthiwng net-zero c¢mmitments by 2050. More recentty have dlocated to battwy 8tOTage iethThYo9y lo hdp address the interynfftency 188ue• a••ori8t•d wth ren8wables, In ordw to laclThlate uydinwd foll V4h•re 8IKkRod( do h(Jld oil and mtnlng compari••, Ihvy do 80 #alectively those compani8B that h•vo dear and credlbla rAan8 fty a tranSOn to nel zero. IncludiNd WNe8knent in erwgy project8 and 8880¢1at8d to¢hnolc8y. Accelwating thetransrtKJn lo n•t-zwo is¢r¢818nd V4ill roqulre(I slgnlfunt investment In renewables, hother. in the interim the V•rrld V•ill 0)ntin to rtquire fo3 fvd$ to prevent a th80rderty tran8ltlon ind tha 80¢i81 iMl¢810n5 that will have. 8IRckRock are commltted to hokling companies to account on198ueJ such climate change and they leverage th&r poth as a rMiLY stweIdt0 •09e po8 onwronmental and 80ciots1 change on behow ol their dlent• Tn9lbl• Flx•d A•••t• Valu•tlon At the y•ar erKI the tInge flxed assels valwj ai £6.112,021 (2023.. £8,112,1Y211. Gr•nt M•klng Pollcy Tho RE HQ Mess Boord In¥6tu con8lders applcatstym to ¢<rniJ8ion or SI6r from RE oabllshments and unth. D•talls of htrwto appty for gran18 we lable Ilwh ts Cryp8 Tr•88wer orthe Corps me Secretary. Wln• and Port The RE HQ Mess Board conilrrtm lo folkm wirn and FX)rt Pl apwov•d by Tnth8 in th• autumn of 2001. This was revte••pd in Auwmn 2023 and ¥fflll be do8ety monitored before being reviAd again in 2025. Tntstees *e mindfvl of the changiTrJ pace of mililary adrninistration. dwity gIslatIon and the income generated in 2024. Thty ha¥e direct the Chair of RE HQ Mess Bowd to: - Mainlain voluntary 8ubscriptscns from sr¥j offws to ts RE HQ M3 the Days. Pay Scheme and the annual payment by retired offKws.
Royal Englneets Headquart•r M•ss Tnt8. roport Icontlnuad) ft•r the year ended 311)Vcem 2024 . Mainknn arKI m(xty a >5 yew de¥elowTWt awda to iude and owKx1unit in lxder to produce a new 5 year rAan. . Maintain the amual grant (l[easl ty £5.1 in 2024) io Corps G81 Nh18 to ensure attendees pay SUWRY The Trustees remain confident oftrti abilty to conlinue kn meet ts ot4.eds ofthe Trust In the ftthire. UCTUR GOVERNANCE AND IAANAGE CHARITABLE STATUS The Royal EIrS FWJ Mess Fund was ryiginally exceoed from rngtstratson as a Charity under th8 provisions of Charibes (Excety'on from Rrystralion arKI Pu¢xwts) Rg3ukitions 1965 Istatuiryy Instrument 1965 No.10581. In 2023, under a Constitut¢on dated 28 Fe 2023. Royal Ew'rners Headrykn Me5S Wa5 ftmalty registered as a (arity with Charity NMI)er 1202413. TRUSTEES The initial Trustees of the registered are the CommarKlant of the Royal Scr1 of Military Engineering Group, the Royal Engineers p5 Colonel. the Commanding Offiw of 1 RSME RegimenL The Tnjstees ser4ed duriTrJ Ihe year a detaled page 8. Tntslees hgkl fomal meetings in Awil and 0th 2024. In A71. they re4tth¥ed the 2023 Statement of Finla1 Acb¥ibes and in Odober examirEd their 2024 expathre to aull#wi8iry bLets 2025. Appolntment of Trustees Trustees are 8PbX)inted ex-offKao and Tnjsiee 15 wovvkd a cow of11 RE HQ Mess Constitution, a copy of the Chty Commission leaflet eyF4aining respwbilths ofTNstees. a HandlJooK copies of relevant policy d0ments Iwhi8Uet4trhing, fraud arKI lyibery policy etc) and xcess to FWiQU$ audiked accounts. Eath Trustee sigrts a cerbficate to ccffffimi thèir ety'bilty arKI tfyillingrws to a( as o Trustee and declares ary a(Xual or Wential conflth of intwest. All Trustees are expected. tfvtse poswwe. io atterKI fornial Charity Tr Training wlthin 6 monihs of appointment. The than$ Tntee Training register is revvEd annlly. CONTROL The Mess has I81$ of c(thl: As the Royal Engneers HQ Mess. the preside of the Mess i8 Chief Royal Engirw. The Commarrflant. Royal Stho(d of Mrtary Engine&YKJ. is Chw ofthe Royal Engwers HQ Mess As the Royal Engineer8 Officer5. Mess the Commandant Royal SdM)ol of Military EngirÈeerlng delegales day to day adminislralion and running of Mes5 to the Presklent of the R¢)yal Ertgirs Offir$. Mess BrOmP C(Mnmittee. n0rrnty the Cnmanding ljfficw. 1 RSME Regiment.
Royal Englneern Hmdquarter Mess Trustfje¥' report (contlnuod) for thg year gnded 31 Decernbor 2024 CHARITI ThE ROYAL ENGINEERS CENTRAL CHARITABLe TrUST IREccn The RECCT combined arHI superseded the former called the Royal Engineers Officers. Charitable Fund and the Royal Engineers General Charitable Purposes Fund. These furmts were dassified as excepted from registration as charities under the provisions of Statutory Instrument 1965 No. 1056 bthng charities -wholly or mainly eMed wtth the pmmolion of the effKiency of8ny of the amied fow or the Crown.... . Due to the irKrèasing s* of their asse15 and on advice sought from the Charity Commission. action was taken lo draw up Deed of Trust and to have the RECCT fomally reglstered as a Charity. A separate Trustees. Annual Report is prepared by the Royal Engineers Central Charitable TrUsttOgethervth the Chaiitl5 financlal statements. Charity No.1003032. THE ROYAL ENGIMEERS ASSOCIATION (REA) The responsibility for undertaking all benevolence work on behalf of the Corp8 is vested in the Royal Engineers Awcith'on. Occa$ionalty members ofthe Royal Englneers Assodalion benefft from support provlded by the RE HQ Mess. A Serate TTu5tees' Annual Report is prepared by the Royal Engin8er8 Assoualicn together vith the Charitys financial statements, Charity Nos. 258322 and SC041832. THE INSTITUTION OF ROYAL ENGINEERS (InslRE The ob5eds of the ln8tliub.on of Royal Engineer8. as sel out in its Royal Charter arKI By•-Laws, affj to promote and advance the science of mililary engineering and to promote military efficiency arKI particularty the military efficlency ofthe Corps of Royal Engineers. Occ8slonally membersoflhe Institution of Royal Engineers arKI linked profrssional bodie5 benefft from support provided by the RE HQ Mess. A separate Trustees. Annual Report is epared by the Institution of Royd Engineers together the Charity's financial statements, Charity No. 249882. ROYAL ENGINEERS f•lUSEUM {REf•l) Overall control of the Roy81 Engineers Museum is vested in the Trustees of the Irr6titutton of Royal EngInrs. Occaslonally the R¢)yal Engineers Museum and FOREM {Friend$ of the Royal Engineers Museum) benefit from support provided by the RE HQ Mess. A sep8rate Trustee5' Annual Report is prep¥ed by the Royal Engineers Museum together Yth the Charitys flnandal statemen15, Charity No. 295173. NETWORK ORGANISATIONS AMD MEMBERS ROYAL ENGINEER ESTA8USHMENTS AND UNIT OFFICERS. MESSES The Royal Engineers HQ Mess provides financial and private propety support to those Royal Engineer Establishments and Unil Officers, Mess funclions and ents tw meet the crlterfa lakl down In Corps Memoranda 2021 and those that are authorfsed annualty by Trustees as a $pe¢ifi¢ Esprit de cp8 evenL MEMBERSHIP The categories ofmembershlp ofthe Ri)yal Engineers HQ M8ss are defined in Corps Memoranda 2021 Chapter VAT REGISTRATION VAT liafAIty forthe Wnes Fund had, ¥th HM Revenue and Customs approval, previously béen cK>mblned under the RE Corps Enlerpri5es VAT registration. The fomiation of RE Cofps Enterprises as a limited company in 1995 required (( to have its own dedicated VAT registration. Continued registration of the Wnes Fund Nthin the RE HQ Mess fvnd would have made all other aclivities wrthin the fund subject to VAT Including the hiring costs of swords, sllver, 8nd palnlngs. Th8 RE Fironce Committee dec¢ded to deregister the Vkn6s Fur on 31 December 1995 by paying the amount of VAT oulstandlng on the existing wines stock.
Royal Englneern Htadquarter Mess Truste. report Icontlnued) for tho year endod 310ocembor 2024 EXEMPTION FROM INCOME TAX AMO CORPORATION TAX Applleallon lo claim exemption and a refund of any tax paid has tjeen authorised by the HM Revenue and Customs under registration rnimber CR200f23160C. RISK MANAGEMENT STATEMEKr The Trustees revlew rl8k8 to wthlch the Charity is exposed at each of their meetings. The basis of the revtew a Risk Management Matrix that entffies and defin6s the risk, its impact and likelihood and th¢)se mltigaled measures the Trustee5 feel need lo be applied. The Risk Management Matn"x will be revlewed In 2025 where the Board confinns systems have been established to miti9ale those risks idenlrfred. RESERVES POUCY The HQ Mes5 15 • gistered charity and fully apweclates the need to lustsfy thelr unrestrfcted fund hokllngs lo stakeholders and the Publi¢. In 2024. Trustees wewed the reserves polky the objeciive of matching the amount held in reserves with miÉigalion against potènti81 finan¢ial threats over the long temi. The chanty relies upon the MOD for administration ofthe Day's Pay Giving Scheme, provision of infrastructure, uiililies. and a proportion of staff costs. Ifthese MOD donated services were to be wrthdrawn, the charity Yul suffer Sn operational thock. Th8 tharivs reserves mLBt be able to meet such an operational shock if it e to occur. The charity's reserws are also intended to provide adequate security against market volatility. and future risks to both income and expenditure. whilst maintaining long-lerm ability to maintain the property ¢)wne(I bythe offiGers ofthe Corp5 of Royal Engineers and to promoto Esprit de Corps on behalf of those ¢)fficers. Cuffent unrestricted reserve5 are £6,996,080 (2023.. £6,888.9931 whith Trustees ¢onsider 1$ consistent with Ihis policy. INDEP Kreston Reeves LLP were retoined as the Corps. auditm. There Is no $talutory requirem&rt for the Trustees (The Chlef Royal Engineef$ Committee) of the Royal Engineers HQ Mess Fund to prepare finandal statements a8 rf it were a reg(stered charity. The Royal Englneers Flnance Committee has thosen to prepare the non-slatutory financlal statements In accordance ¥th Unrted 'ngdoM Generalty Accepted Accounting Practiee {United Kingdom Accounti Standards and applicable lawl. and the Charilies {Accounl8 and Reports) Regulations 2005. The Chair of the Royal Engineers HQ Mes8 Board. as the nominsled Trustee. shall reptht the currenl financial position to Royal Engineers finance Committee and to the Trustees. In preparsng the finanaal statements the Board is required lo: select suitsble accounting policies and apply them consistently; makejudgements and ests'males that are reasonablo and prudent., stsle whether applicable accounts'ng standards and statements of r8commerKled wactice tHve been followed.. prepare the financial statements on the going concem basls unless it Is inappropriate lo wesume Ihat Fund wll continue in op8rali0n.
Royal Englnoer8 Headquarter Me89 TrustttS' rnport {contlnuedl forthe y8•r ended 31 Dfjcombw 2024 The Truste85 are rwonsible for keeping proper accounling rewrds which dis¢l¢>se wth reasonable 8ccuracy at any time the finanaal position of the F1 and ensure that the financial statements ¢ompty with the Charities {Aeeounts armf Reports} Regulations 2LM)5. They are also re¥4)nsible for safeguar(ling the assets of the fund and taking 4$Onable steps for the prevention and detection of error. fraud, srtd other iffegLtlaritie8. Approved by Ihg Trustees and signed on their behalt. Brfgadler JD Webstsr Trust 2rKI May 2025
Royal Englneera Headqu•rt•r Moss Reference and admlnlstratlvo detalls of the Charlty, Its Trustw5 and AdvlsUS forthe year ended 31 Dec8mb•r 2024 Corp8 Coloftel Colonel RB Hawkins MBE ADC Commandant RSME Group adler JD Vlebster Commarvjlng Officer 1 RSME Regl Lieutenant Colonel JP Newlon Tr•asurnr Corps Treasurer Major {Retiredl I Sidebottom Prfnclpal offlc• Royal Engineers Headquarter Mess Brotllplon Barracks Dock Road Chatham Kent ME44UG Independent audftor Kreston Reeves LLP 2nd Floor Marltime Pla Quayside Chatham P*larlllme Chatham Kent ME4 4QZ Banke Lloyds Bank plc Cox's & King's Branch PO Box 1000 London 8x1 1LT
Roy•l Headquartor Me88 Refernnce Ind admlnlstrntlve dotalls of the Ch•rfty, Ils Trt¢S and Advl•ern Icontlnu•dl for the year 8nd•d 31 Docqfflhr 2024 Solkttorn Page LLP 39 St Margaret'8 Street Canterbury Kent CT12TX Inv•8tm•nt manag•rn BlackRod( Investment Manaw8 12 Throgmorton Avenue LorKlon EC2N 2DL
Royal gIve H?adqu•rt•r Moss Independént Audltovs report to the Trustws of Royal Englneern Headquarter Me llle have audited the financial statements of the Royal Engineers Headquarter Mess (the 'charity) for the ye¥ ended 31 December 2024 which comprise the Statement of financial actNtties. the Balanc6 sheet, the Statement ofwh fluws and the related notes. including a summary of ¥ignificanl accounting policies. Thefinancial re1ing framework that has been applied in their Preparation Is appli¢able taw and United Kingdom AGcounbng Standards, incILlg Financial Rep)rting Stsndar(1102 The FinarKial Reporting Slandard appucable in Ihe UK and Republic of Ireland. (United lfjngdom Generally Acc Attounting Practice). In our opinion the ffinancial ststements.. ve a tnto and fair view olthe stste of the charity's affairs as at 31 December 2024 and ol Its Income and application of resources for the year then ended., have been property pPared in accordanCevth United Kingdom GenerallyAttepted Ac¢ounting Practice" have tjeen ppared in acc(Kdance wlth the requirements of the Charities Act 2011. B•g1s for oplnton We conducbJ our audit In 8ccordanee Intemational Standards on Audiling (UK) {ISAs UKII and applicabte law. Our responsibilities under those standards are further described in the Auditorfs responsibile9 for the audit of the finanoal stateMts section of our report. We are independent of the tharity in accordance th the ethical requirements that are relevant to our audit of tho finandal statements in the United Kingdom, including the Financial Report¢ng Council's Ethical Standard. and have fvlfilled our oth& ethir21 responsibilities in accord£nGe with these requlremenls. We believe that the authl evidence we have Obtaj is SLrfftCIt and appropriats lo provide a basis for our opinion. Conclu$k)ns relatlng to golng COnM In auditing the finanual stalgments. have conduded that th8 Trustees, use of the going ¢on¢•m basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied. we have not identified any material uncertainties relatirwJ lo entS or conditions that. Individually or collectively. may cast SignifinI doubt on the charivs ability to continue as going concern for a period of al least twelve montts frcm whan the finan81 statemen18 are authorised for Lssue. Our responstbilitie$ aTrJ the resFonslbllliies of the Tnjstees with respect to going corKem ar6 d8scribed in tha relevant 8eclions of this report. Other Informatlon The other infomiatlon comprises the information induded In the Annual report, other than the finan¢ial statements and ourAuditorfs report thereon. Our opinion on the financial slatsm&tts does not cover the otsr information and we do not express any form of assurance condusion thereon. Our responsibility is to read the other infomation and, in doing , Gonsderwhelher the other Inlomiatlon is matertally inconsistent with the financial stslement or our kn¢edge obtained in the auort or othervAse appears to be materially misstated. If we identify SLKh material inconsistencies or apparent material misstatements, we are required to deterniine whether there is a malerial misstatement in the finanThal statements or a material misstatement of the other infomab'on. If. based on the work we have performed, we condude that th is a mrial missLqtemenl of this other informatlon. we a required to report the fact. le have nothing to port in this regard. 10
Royal Englneern Headquarter Mess Independent Audltorfs report to the Truste•s of Royal Englneers Headquartor Mess {contlnued) Matters on vknkh ar• roqulred to report by exceptlon We have nothing to wort in resP8Ct of the following matters where the Charity"es (AccAun18 and Reports) Regulations 2008 requires us to report to you if, in our opinion- thg information glven In the Trustees, r¢p¢ffi Is inconsistent in any material respect Vth th9 financial statements", or sufficient accounling records have not been kept., or the financial Statements are not in agreement with accounting recoT(Is and relums; or ¥ have not reLEived all the wrfornalion and explanations we requlre for our audlL Respethe responslbllltl•s of Tru$to08 and •udltor As explained more fulty in the Trustees. respJnsibilitte8 sL3tement. ts Trusteas are rèspon$ibl8 for Ihe preparation of financlal statements %thich gNe a true and fair view. and for $Lh intemal control as the TrLthes detemine is necessary to enable the preparation of the financial staternents that are free from material ml8sialement. whether due to fraud or errty. In preparing the financial statanents, the Trustees are responsible for assessing the charity's ability to continue as 8 yoing concem, disclosirwJ, a$appl1bIe, rnattefs relal&Y to going concem and Lk8ing the going corKem basis of accounting unle88 the Trustees either intend lo liquidate the charty or lo se operation¥, or have no reali¥tic altemative but to do so. Audltotrs rnsponslbllllle9 forthe audlt of the flnanclal ststemenls We have been appointed 88 auditor under 8ection 144 of the CharitiesAct 2011 and report in accordance with the Act and relevant regulallons made or havlng effect thereunder. Our objectives are to obtain reasonable assurance alJoLrt whether the financial statements as a whole are free from material misststement, whether due to fraud or error, and to issue an Auditsls report that includes our opinion. Reasonable assurance 18 a high level of assurance but is not a guarantee that an aLrt conducted accordance with ISA'S (UK) wll aayS delect a material misstatement %then it exists. Mlsstalements can lse from fraud or error and are considered material rf. individualty or in Ihe aggr8g*e, they could r8a80nabty be expected to influence economic deci8ion8 of Ltsers t8ken on the basis of these financial statements. Irregularities, indudirMJ fraud. are instances of non-comlart¢e with law$ and regulations. We design procedures in line with our responsibilities. ouuined above, lo detect material misstatements in respect of irregularities, including fraud. The extenl lo which ¢wr procedures are capable of detecting irregularities, induding fraud is detailed below.. Capatity oTthe 8udit in detecting inBgul8nli8s. inclutlig fraud The 0eCtiveS of Jr audit are lo Identify and assess the risks of material misstatement of the financial statements due lo fraud or erfor. to obtaln suffldent appropriate audil evidence regarding the as8esS0(l risks of material misstatement due to frdud or error. and to respond appropriately to those risks. Based on our understanding of the charity and sector, and through discLK8Ston vAlti the directoryts and other management las required by audrting slandardsl, we idenlffied that the principal risks of non-compliance with laws and regulations related to heahh and safety, anbribry. ar employment law. We considered the exlent to whieh non-compliance might have a matorial effect ¢)n the finandal statements. We also cons¢dered those laws and regulations that have a direci impact on the preparation of the financial statements such as the Companies Act 2006 and the Statement of RecommerKlod Practice. We communicated identified laws and ulations throughout our team and remained alert to any indications ot non-compliance througUl the audit IN8 avalualed management's incanlives and opportunities for fraudulent rnanipulation of the financlal sLknents (including the risk of override of ¢ontrolsl. Audit procedures perfomed by the aud1( engagement team tnduded: Discusslons wth management and assessmenl of known or suspected inslanGes of rK>nrycompliance th laws and regulations (induding health and safety) and fraud: snd Assessment of identified fraud risk lactors,. and Review of cash &xp•iditure lo conffirni evidence of petson81 benefit: an(1
Royal &gln•8rn H•adquart•r Moss Independent Aud5toes report to the Tru$teeg of Royal Englneers Headquartgr Mess (¢onllnuod Challenging assumptions and judgement8 mad8 ty management in its svJnifiGant aGGounling estimate¥,' and Performing analytt¢al procedures to identify any unusual or unexpected relationships. indudlng l0j paty trnnsactions, that may indlcate risks of material misstatement due to fraud.. and Confirmation of related parties wth man•Jement, and review of transactions thrOugtrUt ts pertod Identlfy any prevlousty uN118closed transactions wth related partie5 outside the norn)al course of business.. aThY Performing analytical proce(Jures automated data analytics too15 to identify any unusual or unexpected relationshlps. including related party transactions, that may indi¢ate rlsks of materlal misstatement due to fraud.. and Reading minLrte5 of meetings of those charged with govemance., and Phy$i¢al inspection of tangible assets SLweptible to fraud cr irTegularity,' and Review of SignifinI and unusual transactlons.. and Identifying and testing joum81 entrtes, in part¢cular arry manu81 entries m8d8 at the year*nd for finanryal slatemenl preparation. There are inherent limilations in the aLKIIt procedures de8crib6d above and the further removed nan<ompliance with la3 and regulations is from the events and transactions reflected in the financial statanenls. the less likely we wculd become aware gf it. Al80. the risk of not detecting a material misstalement due to fraud is higher than the risk of not detecting one resurting from error. as fraud may invofve deliberate concealment by, for example, forgery or intentK)nal mi8repre8entatioM. or through collusion. As part of an audit in accOrdae with ISAS lu. we exercise profe8slonal judgement and maintain profeswnal scepti'ctsm Ihrcughout tho audit. IN8 also.. Identrfy and assess the risks of material misstatemenl of the financial statements, whether due to fraud or error, deggn and perfomi audit procedu$ responsive to those risks, and obtain audit evi(lence Ihat is sufficient and appropriate lo provide a basts for our opinion. The risk of not delecting a material misstatement rnsulbng from fraud is hIgr than for one resulting from error, as fraud may involve collusion, forgery. intentional omissions, mIpresentatiOns, or the override of intemal control. Obtaln an understandlng of inlemal controls relevant to the audit in order to design audit Procedures Ihal are aPproate in the arcumslances, bul not for the purpose of expressing an opinion of the effecbveness of the charity's intemal control. Evaluate the appropriateness of accountin9 policies used and the rea80nablene88 of 8ccounling estimates and lated disclosures made by thg Trustees. Condude on the appropriateness of the Trustees, use of the going concem basis of accounting and. bas8d on the audit evidence obtained, whether a material uncertainty exisis related to eVts or conditions that may cast significant doubt on the charity's ability to continue as a going coneem. If we condude that a material uncertainty exists, we are required to draw attention in my Auditcrfs report lo the related disclosures in the financial stst¢menls or, rf such disclosures are inadequate, lo modfy our opinion. Our conclusions are based on the audit ev¢dence obtained up lo the dale of my Auditor's report. HtrH•var, fvture everrts or Conditions may ¢ause ihe charity to cease to continu8 as a going Evaluate the overall presentation. structure and conlenl of the finanaal stslemenls. induding the disdosvres. and %thelher the financial statements represent th& underlying transactions and events in manner that aehieves fair presentation. We communiGale wilh those charged with govemance regarding, On9 other matters, the planned scope and liming of the audit and significant audit findings, including any significant deffic¢encies in Intem81 control that wa idenlfy durlng our audit. 12
Royal En9ln•eY8 H•adquart•r M• Independent Audltofs report to the Trustea of Royal Englnoers Headquarter Me88 lcontlnuedl U80 of our report Thls rep)rt Is made Solely to the d)arlty'8 Tru8tees, as a boty, in accordance with Part 4 of the Charitie8 (Accounts and Report81 Regulalion8 2008. Our audit work has been undertaken so that we might State lo the charity8 Trustee8 those matters we are requlred to slate lo them in an Auditots report and for no other Purpose To the fullest extent pemltted by law. we do not accept or assume responsits'lity to anyone other than I charity arKI its Trustees. as a body, for our audit worf(, lor Ihls reporL or for the (Jpinions we have formed. Samantha Rouse FCCA DChA for and on behalf of Kreston Reovos LLP Chartered Aceount8nt• Statutory Auditor Chatham Maritimo Date.. 2 May 2025 KraOn Reeve8 LLP aro ellqlble to act as •Jdllors In tems of ¥ecUon 1212 of the Companles Act 2006. 13
Royal Englneers Headquarter Me Statem•nt of fin•ncl•l actlvltlos for the year ended 31 December 2024 Total funds 2024 Total fvnds 2023 Mole Income and endowmènts from: Donali¢)ns & Legacies Charitable activities Investments Total Income 226,634 1.892 218,778 1.972 18.517 239 267 263 614 E¥pendlture on: Raising funds Charitable actswties Total exwndlturo 17,746 178 19.257 161 514 Net Incom• boforn rnvaluations 81.590 58,496 Net Goln on investments 16 25,497 15.6361 Net movement In funds for Ihe year 107.087 $2.860 Reconclllatlon of funds Total fuTrJs at 1 Jarllry 2024 6 888 993 Total fund8 at 31 D¢¢•mber 2024 6 996 080 6.888.993 Th8 Statement of fiftawal 8Gtivities irKILths all 1n$ arMI losse5 in the year. l activities relate to conllnulng operatlons. The notes on pages 17 to 28 fomi part ofthe8e finanaal statements. 14
Royal englneers Headquarter Mess Balance sheet for the year ended 31 Decemb•r 2024 Total fund8 2024 Total fvnds 2023 Not• Flxod M8•1* Tanglble a88•ts 15 6,112,021 6,112,021 Irwe8tments 18 0,724,825 8,$49,328 Curronl aM•ts 17 45853 48,141 Debtorn 18 18,936 16,498 rAsh at bank 228 470 290,809 343,019 Crodltorn: amounts falllng due vAthln one year 19 N•t euffont ••••ts 339 885 6 888 993 Charlty Fuftd• Unrestrfcted lund8 20 8 888 993 Tolal fund• 6 888 993 The fingnclal 8t•lemenl8 were approved ty the Trustees on 2 May 2025 and gned on their behalf, by.. Colonel RB H•wklns MBE ADG, Tru•to• 8rfgadl•r J D Webitsr. Tru•tso The notes on p8g88 17 to 28 fomi part of these financlal 8tatement8. 15
Royal Englneers Headquarter Mess statement of Cash Flow8 forthe yMr ond•d 31 December 2024 Note 2024 2023 Net cash used In operatlng actlvltles 24 43,868 Cash flows from Inve5tlng actlvltles Interest ar dividends Purchase of Flxed Asset Investments Cash used In Invostlng actlvltlgs 24.988 160,QOO 125.012 18,517 Incroase in cash and cash equivalents in the year 62.385 Cash and cash equl¥alents at the beglnnlng ofthe year 278,380 215.995 Total ush and cash equlvalents at the end of the year 226,470 278,380 Ana5ysls of changes In net debt At 01 Jan 2024 Cashflows At 31 Dec 2024 Cash and cash equlvaknts Cash 278,380 51,9101 226,470 16
Royal Englneer• Haadquarter Mes8 Notsg to the finanGl•l ststomonl8 for th• year •ndgd 31 DKthnber 2024 l Genor41 •dmlnlstratlv• Infornwlon Riwl Englneern Headquarters p4 a Rogistered Charity. The addre83 of the reg18tered office18 Headquarters Ro1 Ery"ne¢rs. Brompton BarracAs. Chatham. K. ME4 4UG. The Funds pnncApal 04'¢ctive5 continued lo be to prg8er¥e the financial stsL¥lty of Cory>8 of Royal Engineer8 Headquartets Mets and to maintaln the wopty {rj Officers of Corps of Royal Engin•8rs and to pynOte Ewt de Coyps on beh1 of those Offlcers. Accountlng pollcl•• 2.1 84• of prnparntlon of fin•ncl•l •t•t•ments The finwKlal 8latemenl# ha¥e ljeen syewed in accord¥ ¥Aih the Ch•rtile8 SORP {FRS 1021 Accounting and Reporting by Chaiilies.. Ststemert of Racomm•rbJ•d PracttC8 8pplicobb to charities preparing 1r 8¢xounts in a¢cNdance the Repth'ng Standard applicoble In Ihe UK arKI Repubbc of (FRS 102) {effethe 1 Jarnwry 20191 and the Chanb'es Act 2011. R1 Englng8rJ Headwartern MeJs moots tho d•fiThliffi of a puts1 ontity undar FRS 102. Assets and liats'lities are nlttally reco118d at h18101 cost or trarAacllon value unlests Othvo• •tatsd In relmrt act¢xukn'ng rnts(•). The financial 81at•m¢nts •rn w88•lteO in UK the Chorftys luncOn currency, and rc4Jnded to ts rarest pound. 2.2 PrOratIOn of th• a¢¢ounts on • golng conc•rn bu Th• Tru8leM a88eu tthelh¢r the goirva concern 18 apwopnate, l.•., thelher there arn any materiol uncertainties reed to events ( condit10 that may c48t Slgnrflcanl doubl on the ablllty ol the Charity to conUnue a8 a 9g corn. Tho Tvusto08 mak¢ this awssmerrt in resp¢¢t ol o period of at least one fr(Nn Ihe dalo of authorn for i88ue ol the financiai statements and have condLtded that the Char5ty hu resourr48 to contin in cw•bonal •xi$lence lor the foreseeatAe fvre and thefo are ro matend uncertainties about the Charivs abilty lo contin as a goiTrJ concem. ihu8 lth corthue kn adopt goYKJ ba811 of o¢counlHvJ In prgparkng the fin•noo1 01omgrt5. 2J Fufftd K¢ountln9 Gartral furn18 arè unr88tri¢l•d fvndl tkh are a¥ble lor use at tho th•ttetion of Tru8tee8 In lurtherance of the of ts (¥ity and thlch have not bean degnated fty oil purposes. Investment Income. 1n8 and101 are •lkicoted to aPWOkYiate fuThJ. 2A In¢om• Al Income o rewnk8ed m the has wthnent to ts income. it i prOba1e th81 the 17
Royal Engln•orn H•adquarter Mesg Notss to the IlnanGlal statements lor the year ended 31 Decomber 2024 2 Accountlng pollcies (contlnued) 2.5 Expendtture LIa1lItieS are rwnised as expen(lu a8 800n as there 18 an obligation to commltting the FLWKI to the expendibjre. Al expenditure18 accounted for on an acL¥uals basis. Grants Payable are payments made io third parties in the furtherance of the charilable objectives of the Fund and are ay$ aulhoris by the Trustees. Costs of charltable actlvilies indudes grants made and th8 appOrt1ment of Supp% costs shth in n¢)te 10. 2.6 Tanglbh flx•d Sets ond depreclatlon TarKJible fixed assets are carried at Cost or deemd cost. net of depreciation and ary provision for impairment. Deemed cost repSentS the fair value of certain dasses of assets owned by the charity. at the date of transition to the Charity SORP under the cost mode, assets ill not be subject to further valuattons. RE HQ Mes$ property- a range up to 20% 2.7 Donatsd assots DonattrJ assets a reoigni8ed as income within the retevanl fixed asset category on the balare sheet wthen receivable. 18 Stocks Stocks are valLMI at tho lo*r of cost and net re81i8able value after making aU¢y•Anca ff ob801ele and slow-movlng slocks. Cost opTrsents pur¢h•se pri¢e irdusive of value added tax. 2.9 Inv•stm•nts Investments held as frxed assets are included in the accounts at valuation based on Iheir bid price at the balance sheet date. The $tstemenl of financial activities includes the net gains and losses arislng on revaluations and dlsposals throughout the year. 2.10 Ogbtorn Trade and other debtors are racognised at the settlement amount. Prepayments are valued at tt amount prepaid. 2.11 Cash at bank and In hand Cash at bank ènd in hand includes cash and short term highly l¢quid investments wth a $Irt maturity of three months or less from the date of acquisition or ¢)pening of the depos¢t or similar account. 18
Royal Englneern Headqu•rt•r NoteB to the Ilnan¢Sal 8tatem•nts for thè year •nded 310oe•mbÈr 2024 2 Accounllng polklm {¢ontinued) 112 Llabllllt4• and pio¥knlM• Lk8bdibeB are recgnIsed thtthi Ihwe otW al th& Bol•K• sl•t date ai • ofa past tt 15 probabk that a translgf of benefft IA b• required in settlenpnl. arml the arTrJunl of the titement can be eslnwted r•lwbty. Ll8blW are ffjQ)gnls•d •t thè omount that the (arity artiupate8 will pay to Sett the debt ty th¢ •mount I has rec•O¥&J As adv•K(I pAyrnnls for the goods or 8eryke8 It must provKle. Provtslons arn measured •t Ihe bgst estin¥te of the anw)unts required to ttIts the obl800n. Where lh• •ffect of the tim• ¥8lu& of nw rf nwerwl. tl provisi IB based on the PrenI value of those 8mounts. disc4Junted at ttw wfrt•x thscounl rats Ihat rtfied¥ the risks specific io the liabll. Th¢ unirtd(ng of the di8Unt 18 re11 wltiui sntW•8t Pble Ind •1m dwge8. 113 Fln•n¢l•l In•lnMMnts The olafty onty has fmncw •Thl fin•nca•l lfiowlillos of • khid that 4walKy frnnc InJIrUnkn. BaC finaThl • rncognlmd 81 tr•nMthn knd ble4U m••$urnd at their ttment lUe. 2.14 P•n•lon• amunts payats ty ¢h8rlty lo th• fvnd in r•sp8fa of the yw. 2.115 Co•t ol g•n•rntlng lund• co8 of g8n8rntr9 fund$ ol co8ts K8t•d malniaknlThJ •ubBulplloni from strrvlng and ietlred officerB. genernlng lrfJ)me. a fle of 0.4% ay•lnst poo$8d InN•tments th• Arffled Forces Chanllgs G(v4rth 8 IrKcrfM Fund and an ele1 of Ihè donated Ber¥1. 2.16 Oonat•d ••r¥l¢M Ind fa¢lllll Intsnglbl• Kom•. whh comprfu don•l•d 8•Th48. IB IrKgud•d In Incom? at • valu•lton Wh * On e¥lim8le of the financial rAxI b¢Kne ty tr dontx thlwrg qUbIlabl0 ind mlUn. ThII nounl 1$ m•t¢h by donatsd •xp¢Thaitfft. 117 T•nd•r pollcy Tw8tee8 • teThler polty that exp10.. . BeO•n £2.$00 aThJ £S,000 . Betrn £5.000 ar#1 £10.OCX) ¢. Ovgr £10.000 118 T•Mllon In8lrtution of R¢Jyal Ewnwd is a rngAtw¢d and prvAiknn bs clIdld ne¢¢J for taxalion. 119 Crjuul ntIng o•tlm•ts• •nd •v•M olJudg• Estimalos andjudgaments arn CAinlinualty evak and #rn bawl on hlstorfcal experlence and other 18dors. indudiig gxpedalKJns offulure v4ents that are beknwe<l to b8 reasonable under the orcumstsn¢es. Chaflty (lo•s r1 wffi¢ant 8sUn4teB or area8 of Judgemen¢ 19
Royal Engineers H•adquart•r M Notes to the finan¢lal $tstements for tho year ondod 31 D•cember 2024 Totsl funds 2024 Total furMI8 2023 3 D(wtI1)n8 & Leyd•8 Subscriptions Oonated $eNicts and facilthes Donations 163,492 03,116 26 159,800 58,978 226 634 218.778 4 Sub8crlptlons Serving Officers Relire(J Office Reliwd Officers, Tax Refund 147.105 14,343 143,024 14.912 1.884 163 492 159800 S Donatsd $er¥lces and faclllll•8 518 60r 512 583 235 5,888 417 51,545 Electriuty Walw and sewage Community c*afge Admlnlstratlve ulllles Admlnlslratfve salartes 6,915 422 55,408 58,978
Royal Engln¢orn Headquarter Mess Notes to the Ilnanclal $tstements for the yur end•d 31 Decembèr 2024 Total fvnds 2024 fvnds 21Y23 6 Hlr• ol ffl•ss proporty SDrd lo charge Silver loan charge Me88 rooms 325 30 1,SOO 485 900 500 M•lnt•nanu Ind r•p•lr. Sllver maini8n8n¢a Aud6t Insurance Security Admlni$tra Staff co818 Oonalad 1¢¢$ wpw1 co8 3,732 337 3,146 704 3,206 314 617 1383 9.072 1,005 8,479 7 Wln• tr•dlng •ccount Sala of Owlng stock wln• Wine purthases CIo8lng st(Kk Ane 48,141 54,286 146.4631 (48,141) Surplus for the year. Yin8 37 87 21
Royal Englneern Headquarter M• Notes to the financl•l Statements for the y•ardd 311)oeamber 2024 Total lund• 2024 Total funds 2023 e In¥Mlmont In¢om• Olvklen(I Inc4)m8 Bank Interest 21080 2,10 17.281 1,236 At 31 Docember 2024 4ftd 31 Dec•mber 2023 on knvested tsnds were held In Ihe Armed Foru8 Ch4rftl0s Grv•*lh & InrJJme Fd. managwj by Bl8ckRock Inve8lm•nl Managwo Llmltfjd. Anal18 of •xp•ndltur• by actiti Dlr•ct co•t• Grant lundlng of actlvlil 2024 8upport co•t• Tothl Totsl 2024 2024 2023 Note 11 12 13 Eswli d? Corps Malntenanc8 of Corps Proty New Comml8slons 47,439 41.437 46.678 88.876 80,302 91,871 49.643 3.624 181 S14
Royal Englne8r5 Headquartor Me35 Nots¥ to the flnanclal statement8 for the year •nd•d 31 D•Ggmber 2024 Total funds 2024 Total fund5 2023 10 Esprfl de Corps Grant fvndlng of aGllvltles Unlt I fom)attons & HQS entertairwnenl Colon81 Commandarfs'At Home, 43,933 3.506 48,388 4.013 Support costs Audit Adminthlion Slabonery Staff costs Donated ser4ices Supp costs Minor Commission 2.112 1,388 22 11,086 26.829 1,010 2,263 309 10,622 25,085 39269 11 Malntenance of Corps property Dlyect costs Gernral prop 4.263 support costs P8inlings Audit Insurance Security Administration Stsff costs Donated Servi wpport costs 704 3.206 314 617 1384 9,072 337 3.146 294 2,264 8.479 16 97 15.526 23
Notss to tho financial #tatements for th• endod 31 Drnber 2024 Total Toial funds 2023 2024 11 Maint•fian¢e of CoTP¥ propmty (Con Audrt Insurance Serjjrity Administration D8preckation Stsff $ts 704 337 3,146 294 503 2.264 Audit Insurance 223 1.049 10$ 164 Adfflinistration Depreoalion Staff co$ts 249 3.524 3.403 14.166 Total fvnds 2023 nd• 2024 Dlrnot Co¥ls Minor Commission. CR Portr8il Sver ntrepr ewinstl Major Commissir. E in C Porlrait 5,000 15.200 20.2tia 24
Royal Engln••rn HMdqutor for th? end•d 31 D•¢•mbor 21n4 Total funds Total fundB 2023 13 N•tln¢o is slabj after tharyry: D8prnoation ollar#Jible fwj aB8ets: - owned by the charity Durirg the year. M Tru5ts95 any rwnUrnrth(2023.. £NIL). DurirvJ year, no Truste8s ary kTrJ120rJ.' £NILI. DurimJ tha year, no Trustees ¢¢b¥ any r0rntmjrs•)t Ofe)ls•S12ord.. £NILI. 14 Stsff costs Slaff costs a5 folky.. Wages and sala$ Social s6rity eosts P8nsh?n 17.724 1.627 21,762 20,817 The tolal emptynwl incXKling Nl aThJ [n petsonl £15. {2023. £15.0581. 16 Tangthle fixed as••t• At l January aThJ 31 ELwiw2024 6370.751 Dppreciation At l January 2ff24 Charge lor the At 31 [)eceM 2024 158.730 book valuè At 31 Dec12024 11 At 31 Lknrnb8r20ZJ 111021 February 2023 wn a ofdepreoa¢ed citst h&5 baèn ath)p18d in IMwith Charity SORP finawal Statnts. HthrKca5t infonnal•)n 15 ncl a¥attat as togain infrymation woukl ¢au8e Lmd
Royal Englneern Headquarter M•8s Notsg to thg flnanclal statements for tho year ended 31 December 2024 10 Flx•d 1s8et Invostments Llstgd Securftles Markot valuè At 1 January 2024 Revaluations Purchase 437.307 25.497 150,QDO At 31 December 2024 Hlstoflcal cost Investments al market value comprfs•: 2024 2023 Listed Investments 612804 437.307 All the fixed asset inve5trnerrts are held in the UK. Materfal Investrnents AJI inv051ed fvnds thpre held in the Amed Fc*¢es Clwitses Growth & In¢ome Fund managed by 81ackRock IrNe81ment Managers Limited. 17 Stocks Wine stock 45 18 Deljto Other debtors 16,498 19 Credltor5: Amounts falling due wlthln one year: Trade creditors Accruals and deferred income 2.023 17.581 110 3.244 26
forth• swrondad 31 OKernr20 20 Stst•m•ntolfvnd• Cun•nt >wr fornayd 14 ststet offvnth Prnryear IDIrd {Loss•sl CarTd F¢Y4A 1WI,771 CurmntY•ar T+)tsl fund8 T¥n9bb ftod 6.112.021 612104 fj.112m1 611a04 CreditorB d1thl y•ar {19.6041 (9KOaO 0.996.080 Total funds Tarvabi b fixed assets 6,112.021 437.307 343.019 13.3541 6.112.021 437.307 343.019 13.3541 CuTrftt ass•ts wthin or Jpar 6.8B8.993 6.888.993
Royal Englneorn Hudqu•rtor M Note8 to the fin•nclal 8tatem•nts forthe yearonded 31 Oecember 2024 22 Pen$lon commltsvnts The carity operates a tjefined ojntribubons p8nslon scheme. Tha assets of the scheffle arg held SeP8ralety from those of the chanty in an Independentty administered lurtd. The pensbn ¢osl Charge repsents )ntlxnS payable by the tharfty lo the fund and alrUnted lo £1,637 {2023- £1,466). 23 Rolatad p•rty tr4nsa¢ttorf& The fund recolves sUbscripon8 frcth oifttr8 of the R¢)yal Engineers as detslled in the attached Tru$l¢e8' Annual Report. The Trwtee8 control Ihe Charity. The were no lrnnsa(Ilons with connected charilies in 2024 (2023'.£NILI. 24 Reconclllatlon of net mov•ment In fund8 to net cash flow from oparntlng actlvlttes. Total fund8 2024 fu16 2023 Nal nThmenl In fvnds Add badl depTecfation charge Deduct interest income shown In Investing actMtieB Deduct gain$ l add back loss¢$ on inveslments Decreas8 Ilncreasel in stock Decrease lincreasel in deblo Inuease Id¢crea8e) in Gredttorn 107.087 1.330 124.9881 {18.S171 {25.4971 1688 {14381 16.250 6.145 (5311 {3,055) Net ca¥h ed In op•rntlng ad¥ltl¢$ 2S Related paty dlgclosure Brfgadier Jaffles Webster and Cofon81 Rt¢tiar¢J 8ouke Hawklns MBE ADC. both Trustees of the R¢)yal Engineers Headquarter Mess IRE HQ PAes$) are also Trnstees ofthe Royal Englneern Central Charitable Tw31 {RECCD for whith transa¢tion8 have taken pl8ce during the year. RECCT ClIaCted sub8CriPtion Incomg on behawof RE HQ Mes5 lotslllng £160.944 whtch was transferred during the year. In add11)n. £2.351 of other reimbutsemenls were nmde in relation to sundry donations. grants and gift aid. Th were also rehmbursements to RECCT from RE HQ Mess of £73,849 during the year. relailng to recharges of Staff salaries and various admln charggs. As of 31 Decernber 2024 no baLiftce was owed from RECCT12023.' £nil), and a balanc of £23 was owed to RECCT 12023.. £nlll. Brigadl¢r James Websl&r and Colonel Richafd 8ouke HIn$ MBE AOC. both Trustees of Royal EnglneerB Headquarter Me38 are also Twslees of the Institution of Royal EngineeTr forwhi¢h transadh)ns ha taken place during the year. The Instrtu0n paid over £25 relaUng lo subxrrpts'ons during Ihg ye8r. As at 31 December 2024 no balancè was owed by th& IlitutIOn of Roy81 Engineers (2023.. £nill. Brlgadtor James Webster and Colonel Richarnl Bryjke Hawkins MBE AOC. both Twstees of Royal Engineers Headquarter Mess are also Trustees of the Royal Engineers Mu8eurn for which transactnS hav& taken pla during the year. RE HQ Mess rtcharyed £255 durtng the year to the Royal Englngers Museum reLatlng lo staff glfts. AS at 31 Decenijer 2024 rK* balance was owgd from th& Royal Engineers Mu8eum12023.' £nlD. 28