Charity Number: 1211021
The Royal Engineers Museum CIO
Trustees, report and flnanclal statements
For theyear ended 31 December2025
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The Royal Engineers Museum CIO
Trustees Report
Forthe year ended 31 December 2025
Contents
Page
Annual Revlew
Objectives and Activities
Achievements and Performance
Financial Review
Plans forthe Future
Structure, Governance and Management
References and Administration Details
12
15-16
Auditor's Report
17-21
Financial Statements
Statement of Financial Activities
22
Balance Sheet
23
Statement of cash flows
24
Notes to the financial statements
25-47

The Royal Engineers Museum CIO
Trustees Report
Forthe year ended 31 December 2025
The Trustees are pleased to present their annual report and the audited financial
statements of the charityforthe year ended 31 December 2025. The financial statements
comply with the Charities Act 2011 and the Charities SORP FRS 102. Trustees judge th8t
in preparing these financial statements they hav8 considered all information that could
be reasonably be expected to be available (including levels of reserves held). Therefore,
the going concern basis of accounting is deemed appropriate and there are no material
uncertainties.
Objectives and Activities
The Royal Engineers Museum CIO IREMI charitable objects ar8:
To collect, preserve and present 8ccessibly the military 8nd civil work, deeds and
history of the Corps of Royal Engineers and to educate and promote scholarship therein
for members ofthe Corps, the wider armed forces and the general public and, therèby,
to contribute positively to thè profici8ncy, reputation and efficiency of the Corps, the
recruitment and i nspiration of its members and the bènefit of the public.
Established in 2025, evolving from the Royal Engineers Museum Trust Icharity No.
295173 now closed), our principal activities include..
Stewardship and development of the historic Designat&d Collection of the Corps
of Royal Engineers which is owned by the Institution of Royal Engineers (Charity
No.2498821 and managed underthe terms of a perpetual Loan Agreement.
Use of this Collection to explore the history of British Military Engineering and
those who serve in the Corps of Royal Engineers. Through our interpretation and
exhibition of the historic collection, research and learning services, community
tsutreach 8nd online activity we provide an educational experience for all users.
Operation as a public heritage attraction in 8 Grade11 Listed Building, providing 8
fun and accessible day out for visitors. offering a mix of paid-for and f ree
entrance options. spècial events and group visits alongside venue hire and oth8r
fundraising activities.
Provision of a venue for community engagement and skills building
opportunities. This includes a volunteer programme that, in 2025, saw 62
individuals including 10 universityand 4work experience placements learn
about and contribute to the running of the Museum. Giving the equivalent of 2.5
full time staff this voluntary support is critical to the cataloguing, digitisation and
conservation of the historic collection.

The Royal Engineers Museum CIO
Trustees Report
Forthe year ended 31 De¢ember2025
Trustees comply with the duty described in section 17 of the Charities Act 2011 and the
Charity's Commission general guidance on Public Benefit. By providing accessible
museum services for public enjoyment and education the Museum delivers a proven
public benefit, acfvancing education, heritage and culture and promoting the etticiency
of the armed forces ofthe Crown.
Achievements and Performance
A new CIO and strategy
On the 20, November 2024 the new Royal Engineers Museum CIO was registered in the
UK register of charities by the Charity Commission.
REM Trustees spent much of 2025 working with the Executive and wider Museum team
to evaluate the current operations and identifying the luture requirements needed for it
to continue to flourish and deliver increasingly meaningful experiences to a growing
modern audience. A new Strategy 2025-2035 sets out a broad rationale and direction
which will increases our effectiveness in creating meaning and value for the public,
Corps and other stakeholders as well as ensuring the long-term future as an exemplary
professional institution.
The Strategy will be achieved through four goals and over the next ten years we will work
to ensure that we deliver..
A National Collection that Inspires and endures
Wider public Engaged, Conn8Cted and Educatèd.
A Strengthened and deepened Corps Relationship,
A Secure and Sustainable Future.
The first ect taken tOW8rds the transformation of the REM was the reconstitution of the
position of Head Curator. Taking the lead on co-ordinating professional curatorial
practice, this post is critical in the realisation of our Vision. shaping our use of the
internationally significant Collection to inspire innovation 8nd courage through the story
of the Royal Engineers, deepening understanding of how milit8ry engineering continue
to shape our world and 58fegu8rding this shared heritage forfuture generations.
War Winning Engineering
Across 2024-2026 the Warwinning Engineering IWWEI project has become the REM'S
major development locus. A £250,000 grant from the National Lottery Heritage Fund
INLFHI has enabled a project that not only ensures the long-term preservation of and
access to a nationally significant collection of World War Two engineering drawings but
it has also given REM scope to experiment, test and workwith new partners on both our
creative and curatorial practice as well as environmental policy. Conservation of the

The Royal Engineers Museum CIO
Trustees Report
Forthe year ended 31 December2025
Mulberry Harbour plans CDntinue$ off-site. with one original model roadway undergoing
specialist treatment. Our original Mulberry Harbour Kite Anchor was conserved on site
and staff and volunteers have received practical training to undertake simple cleaning
and repairs in-house.
Digitisation is progressingwell with volunteers trained to support the ingestion of 1000s
of digitised images of the drawings into the Museum's systems. Tragically, in October
2025, 1,700 of the drawings {41 were stolen whilst out of the Museum for digitisation.
A police investig8tion (Crime Reference CR10489211125I was unable to find th8
perpetrators ofthe crime. REM 8nd the NLHF are contentthatthe primary aims and
outcomes ofthe project remain unchanged bythis loss.
Content development for a n8wWWE online exhibition Is underwaythrough
collaboration b8twe8n curatorial and engagement teams. Workingwith the Royal
School of Military Engineer Livens Suit W8 have trialled both 3D mod8lllng and printlng,
enhancing both physical and remote user engagement wlth the Collection.
The WWE exhibltion was opened in June and constitutes the most ambitlous tempor8ry
exhibition d8veloped at the Museum. We explore the engineering solutlons that made
the operation successful through digitised drawings, photography, objects, first hand
testimony, accessible comparators and interactives. Feedback on th888 new
interpretative techniques has been extremely positive and evaluation will be used to
inform futur8 developments.
VE and VJ Day 80, Annlversary Commemoratlons
The REM was proud to be amongst Medway Council's designated key sites torthe
natlonal commemoration 80th anniversary ofvictory In Europe. The Museum delivered
full programme of events that engaged a wide and diverse audience. The day began
wlth a Flag-Ralsing Ceremony attended by around 100 guests, including the Mayor, the
Deputy Lieutenant of Kent, and the High Sheriff, In the afternoon, the Museum hosted a
large Community Street Parryfor more than 200 children from Brompton Westbrook
Prlmary School and their families, off ering stalls, Learning activities, and free Museum
entry. The programme concluded with a celebr8tory event for 50 guests markingthe
unveiling of the newly refurblshed Balley Brldge.
The combined impact of these events resulted in one of the busiest day in the
Museum's history. welcoming 762 visitors.
Growlng ourAudlences
The Museum began 2025with a challengingfirst quarter, recordingjust over 3,500
visitors, 29% below last ye8r. However, performance rebounded strongiyfrom May
onwards, driven by the exceptional success of the VE80 commemorations.
Momentum increased further In Quarters 2 and 3, during which the Museum broke its
dsily attendsnce record twice-including an unprecedented 2,014 visitors for the
Medway Culture Club's 5th Annual Carnlval in August. Addltional hlghlights included

The Royal Engineers Museum CIO
Trustees Report
Forthe year ended 31 December2025
93% Visit England assessment rating, nomin8tion forthe Gold Accolade, and the
well-received RECognise event delivered with the Medway Af rican and Caribbean
Association, for which the Museum will receive a Diversity Award.
Byearly September. sustained strong performance brought our best year ever. hosting
25,135 visits.
The Museum's soci81 medi8 presence combines promotion ofservices and ourwork
with tales from the fascinating history of the Corps. Our following ha8 grown
significantly, rlsing from 12,985 In 2019 to 23,513 in 2025, an 81 Ok increase across
platforms including Facebook. Instagram, TikTok, YouTube, 8nd X. Facebook remains
the strongest channel, generating the highest engagement and the top post of 2025,
while Instagram and TikTok Continue to develop wlth strong photographic and
short-form content performance. Totalviewership for 2025 was 3.7million, 8 211%
In¢re8sefrom 2024.
Engagement (Exhlbltlons & Outreach)
Throughoutthe year, the Museum delivered sn ambitious and wide-ranging outreach
snd exhibitions programme. Actlvlty began In J8nuary with the popula r Lost Soldiers
exhibition by artist Mark Humphries, originally created for the First World War centenary.
Although the scale of the 8rtvvork prevents permanent display. its presence attracted
strong interest and 1,197 vlsltors.
The Museum also m8rked the Corps, 150th FA Cup anniversary with a sm811 pop-up
exhlbltlon featurlng the official replica Cup, generously loaned by the Offlcer8' Mess.
Exhibitions in the Small Space contlnued to rotate successfully, with the programme
f ully scheduled until 2027. The 2025 prograrnme expanded wlth the introduction of
Peace Walls, a short-run exhibition on Northern Irish political street art accompanied by
8 curator talk and linked workshops using the Museum's Berlin W811 fragment our f list
Short-run exhibition in the Pasley Flesearch Centre.
Outreach activity remained strDngthroughouttha year. Museum teams represented
REM stArmetJ Forces Day at Chatham Historic Dockyard, at 22 Engineer Regim9nt
Families Day in Tidworth, and at communlty carnlvals in Chatham and Gillingham. A
pop-upwarwinning Engineering displaywas 81so taken to the Royal Enginaers
Historical Society conference on How WarStimul8tes Innov8tion in Military Engineering,
delivered in partnership with 21 Engineer Reglment and 8 Engsneer Brigade.
Research and Access
The REM continues to 108n item8 to other org8ni8ations, building rècognltion for our
Designated Collection and increasing access. The World War One Sniper Decoy on loan
tD the lrnperialwar Museum Nonh recelved 37,500 visitors in the last three months of
2025.
The Museum's access and research functions have grown substantially through new
staffing and stre8mlined processes. The 8ppolntment of a Research & Enquiries Officer

The Roy81 Engineers Museum CIO
Trustees Report
For the year ended 31 De¢ember2025
has significantly increased efficiency of public enquiries and increased researcher
visits. Subject-tracking of information requests now informs online resource
development.
Public access to the collection has expanded and thousands of new catalogue records
have been created or enhanced through the object inventory work in the stores, with
hundreds of items reviewed, photographed and repacked. Producing imagery at an
extremely high level and ingesting 100.OOOs of f iles from partnerships with the Army
Museum ogilby Trust a nd Find My Past our Curatorial staff and volunteer5 are
transforming the future accessibility and understanding of ou r Collection.
Collection Development and Care
Collection care activity has seen notable growth. Significant conservation has been
completed on key co118Ction items, including General Gordon's Chinese campaign map
end the Mulberry Harbour collection. A new weeklyvehicles Volunteer Group now
carries out conservation and Consolidation of the Museum's vehicle and large
equipment holdings.
Collection development continues through
steady public donations and MOD gifting. A 200
four-bay Bailey Bridge has already been
150
installed outdoors and will be joinad by 8
Medium Girder Bridge in 2025.
Cataloguing, inventory. and film
conservation have progressed, including
training for cine-film repair. Ongoing
digitisation and improv6d environmental
monitoring (including new sen50rs and
adaptations to archival climate controll are supporting higher standards of e8re and
accountability.
100
145
50
120
New Collectlon Acqulsltlons
D 2025 112024
Le8rnlng and Famllles
The Learning and Families programme remain active and wide-ranging. Weekly school
bookings, monthly Mini Museum Explorers sessions. and extensive outreach continue
to bring children and young people into closer engagement with military engineering
heritage.
The annual Schools Bridge Building Competition remains a flagship event, SUPPOrted by
Rochester Bridge Trust. An Arts Council England project enabled Special Educational
Needs students to work with artists and performers from Peoplescape Theatre and
explore our Collection. Despite these successful programmes, encouraging routine
visits f rom schools and particularly secondary schools remains a challenge and visits
were down on 2024 by 40010. In response, new immersive study days for the First World

The Royal Engineers Museum CIO
Trustees Report
Forthe year ended 31 December 2025
War and Cold War curricula have been developed and successfully trialled with
home-educated families.
Work with service families continues through our collaboration with the Army Welfare
Service summer clubs as well as monthly stay-and-play sessions. Museum-based
holiday family activities were aligned with the War Winning Engineering theme. The
temporary Peace Walls exhibit￿On included family str8et-art workshops linked to the
Museum's Berlin Wall fragment.
Corps Engagemont
The Museum provided extensive support to serving and retired Sapper8 throughout the
year, offering free entry to 1,735 Sappers and around 250 Royal Engineers Association
IREAI members, hosting over 45 Corps events at no cost, and supporting training and
ethos activity for nearly 300 serving or prospective Sappers. Engagement with S8pper
families and veterans expanded significantly, reaching over 450 people at community
events. Our strengthened partnerships with the REA has enabled new initiatives such as
the Bailey Bridge donation, embedded existing Veteran Vehicle weekend reunions and
supported bespoke trainingfor 120 Sappers from 1 RSME Regt who visited the WWE
exhibition and participated in a session on the history of British Infantry Weapons. The
REA and REM jointly delivered the launch of the Chelsea Pensioners outreach service,
and wider Corps outreach at national and local events. Ongoing family support included
the monthly'stay and Play, sessions mentioned above and two Military Partners. Nights,
reinforcing the Museum's role atthe heart of the Sappèr community.
Financial Review
Principle funding sources of the REM
REM'S principle financial support remains the Grant In Aid given by the Ministry of Defence in
line with its policy for Army Museums. This is ringfenced for staff costs.
The funds donated by other Royal Engineer charities, The RE Institution, The RE Central
Charitable Trust and the RE Association reflect the enduring support of the Corps for the
preservation of its own heritage and the ability of the Museum to deliver aspects of the each
charitiès, objects.

The Royal Engineers Museum CIO
Trustees Report
Forthe year ended 31 December 2025
In additional to core funding, over the last
10 years, the Museum has 8Ctively
increased its own income generation. 50 %
of visits are chargeable with additional
revenue comingfrom the café, shop and
increasingly venue hire activities. 2025 was
particularly challenging as widely report
increases in the cost of living hav8
impacted the herit3ge, tourism and
hospitality sectors. For REM this resulted
in income gener8tion that was 19% lower
than forecast. Solutions to long term
growth will be addressed in the Masterplan
gnd strategic development.
REM also uses the dividends from its
Endowment Fund investment in support of
annual running costs.
£52,730
£65.8
10%
9%
£199,691
29%
257,04
50.00
Institution ol Royal Engineers
RE Centr81 Charitable Trust
MOD GIA PersonnelGrant
REA Grant
Revenue Income
Invpytmpnt Divirtcnd
Balance Sheet
The accumulated funds decreased by £85.365, after making gains on investments of
£99,914, to £1,514,59512024 increased by £70,544 to £1,599.960, aft8r making g8ins
on investments of £70,5441.
Notes to the Statement of Financial Aff airs and B81gnce Sheet provide supplementary
information against each funding activity.
Reserves Policy
A Museum Endowment Fund was transferred from the old Royal Engineers Museum
(Charity No. 2951751 to the REM in 2025. This Fund acts as a restricted expendable
reserve and the new charity adheres to the est8blished rules for its use: to offset
running costs and any decline in REM'S incomefrom its majorsupporters,which
include other Royal Engineer Charities and the Ministry of Defence., provide funding for
Museum development project. In 2025 Trustees agreed to ensure that the Fund not be
used for this latter purpose should it fall below £1 million.
The Fund currently stands at £1.279,994 and Trustees recognise the necessity of
building this fund for the long-term security of the Museum. The f ree reserve at year end
were-£59,68912024-. -£51,766). This due to the large amount held in designated funds
and fixed assets.

The Royal Engineers Museum CIO
Trustees Report
Forthe year ended 31 December2025
Restricted Funds
This is a restricted expendable endowment established in 1989 for the Royal Engineers
Museum Trust (Charity No.- now c108edl. Along with other assets of this old charity, in
2025 itwas transferred ta the new REM CIO whose Trustee8 undertook to complywith
its existing rules. The purpose of the Endowment Fund was set out in the Rules of th8
Institution of the Royal Engineers (revised 20091 Section Vll. paragraph 14.
The following restricted f unds are held for the usa shown..
Medway Council VE80-A grantform Medway Council in support ofVE80 and
community events
Bridge Buildlng- A grant given by the Rochester Bridge Trust in support of the
Schools Brldge Bullding Competition
BR200 8nd Archive- Fund forthe Archive & Library Prole¢t that mov8d thi8
collection into the Museum premises
HLFIWarWinning Engineering- NHLF grentfor theW8rWlnning Engin@ering
Project, conserving, digitising and exhibiting ww2 technic81 drawings
National LotteryAward I P8ace Proj8Ct-Afund for prolect commemoratingthe
casualties of WW1
National Ar¢hives- A grant given byTNA for a project encouraging 8WgrengSS
and interest in archiv81 careers
Unrestricted funds
Eli￿&.0.f.the ROyAl￿n￿1n
The Association ofthe Friends of the Royal Engineers Museum IFoREM} raises modest
sums for the Museum, prim8rily through Its membership tees. This money is held in
designated fund. Its Chalr currently sit8 on the Trustèe Board in a non-voting capacity.
Notes 15 8nd 18 of the f inanclal statements provide the financial details tor the year.
luse.um£.oile£lloL
A fund has been set up to hold funds ralsed by the Museum through the legitimate sale
of de-accessioned or un-accessioned items in the Collection under the MuseLJm's
disposal policy and procedures. Such funds can only be used for the benefit of the
Collection. either for acquisition of other items or for conservation projects and be used
as partnership funding for grant applications to th8 sam8 ends. Note 22 of the financial
statement provides financlal details for the year,
10

The Royal Engineers Museum CIO
Trustees Report
Forthe year ended 31 December 2025
This fund was created to assist REM development projects as well as large operational
andlor infrastructure expenditure and includes general fundraising activity.
Investment House and Performance
The Museum invests in the Armed Forces Charities Growth & Income Fund, m8naged by
BlackRock. The Objective of the Fund is to achieve real growth in capital and income
over the long term by investment mainly in equitiès and f ixed income s8curities. Further
investment details are given in the notes to the financial statements. No additional
investment units were purchased in 2025.
Investments delivered dividends of £52.730 in 202512024.. £41,491). During the period 1
January to 31 December 2025, the performance of the distribution units in the fund was
+12.8%12024'. +8.1%1 after fees and expenses.
Risk Management Statement
The Trustees have given consideration to the major risks to which the charity is exposed.
Th8y regularly r8view the Risk Register and risk is discussed 8t every Bo8rd meeting 85 8
standing agenda item. They are satisf led that systems have been established to mitigate
those risks including closer scrutiny of f i nanc8s with the èstablishmènt of a standing
Finance Committee. The Register encompasses legislative obligations placed on REM
as a charity. museum, workplace and public attraction.
Trustees have also ensured that all REM activity, Trusteès and key officers are propérly
indemnified through the arrangement of museum appropriate insurance.
Plans for the Future
The Strategic Plan 2025-2035 describes our ambition to transform our public offer, increasing
our audience, profile and reputation. In order to progress this strategy the REM will, in 2026.
work with stakeholders to create a Masterplan. Incorporating audience research, feasibility
studies and fundraising plans, this will guide our journey to the vision of the Museum in 2035.
As well as working towards the Masterplan the Trustees have approved the following four
initiatives for 2026-2027.

The Royal Engineers Museum CIO
Trustees Report
Forthe year ended 31 De¢ember2025
Understanding our Audiences by reviewing the data already collected and
increasing our evaluation ot Museum services and programmes to improve
existing services and practice. This will also complement the commissioning of
audience development research as part of our Masterplanning.
Consolidating & Developing Communications in order to reach more people with
information 8bout the Museum. incre858 the consistency of timing and brand
and showcase the wide range of services and activities delivered by the
Museum.
Removing Obstacles for Sappers by working closely with the Corps to identify
issues preventing the inclusion of Museum visits to training programmes. We will
establish a Sapper Youth Panel to ensure that the voices, perspectives, and
experiences of young Royal Engineers meaningfully inform the Museum's
activities. programming, interpretation, and strategic development.
Making Best Practice Routine in order to ensure that we have a solid operating
basè that supports daily practice and strategic developrnent. Work here includes
reviews of gener918dministr8tive processes such as IT provision, staff
performance monitoring, security and on line retail.
Alongside these initiatives we will continue to offer an exciting public programme to all
Nuseum users as well as careful curation of the Collection.
Structure, Governance and Managernent
In 2021 the Council of the Institution of Royal Engineers, comprising the Board of
Trustees for the Royal Engineèrs Museum (Charity No. 2951731 agreèd to create and
transfer all responsibility for the stewardship of the historic collection and the operation
of the Museum of Corps of Royal Engineers to a new Charitably Incorporated
Organisation. on the 201h November 2024, after 8ppropri8ta consultation with Institution
Members, the Engineering Council and the Privy Council, the Royal Engineers Museum
CIO was established.
Property was transferred and a perpetual Loan Agreementforthe Collection was agreed
on the 31" January2025.
Employment of all Museum staff was transferred to the new CIO in line with the Transfer
of Undertakings IProtection of Employment) Regulations 2006.
Trustee Recruitment & Training

The Royal Engineers Museum CIO
Trustees Report
Forthe year ended 31 December2025
A rigorous public recruitment and selection process was undertaken in 2024 by the REM
Chair and Director. Six appointed Trustees joined the two nominated and two ex-officio
Trustees on th8 new CIO Board. ThroughouttheAutumn of 2024 all REM CIO Trust985
attended meetings, training and inductions.
A record ot Trustee training is maintained by th8 Mus8um Director and Trustees are
expected to renew form81 training on their legal responsibilities every 3 years. Other
training opportunities, including attendance at r81evant conferences, are made
available throughout the year.
REM Scheme of Delegation
A Scheme of Delegatlon defining how the Board of Trusteas del8gat8 8Uthorlty, de¢l$lon
making and responsibilit18S to Its employees and committees will be approved by April
2026.
REM Trustee Committees and Groups
In accordance with Clause 14 of the REM Constitutlon the Board of Trustees may delegate any
oftheir powers orfunctions to a commlttaeor committees..
REM F.inano&Qomri
Tho Finance Commlttee was constltutod by REM Resolution 004 and comprisesthe Chairof
the REM Finance Commlttee, Mo otherTrustees, the CorpsTreasurer8nd the Museum
Director. Its st8tement of purpose is"To exercise, on behalf of the Board Trustees, sup8rvisory
overslght of the Charity's activities related to tinanc8s and investments, Including rel8tgd risks.
The Commlttee is responsible. on behalf of the Trustees, for revl8wing, challenging and
ultlmately supportlng Management and the Corps Treasurer In assessing and advising on
necessary actions in relation to ongoing financial performance, financial planning (including
annual budgets) 8nd In mgnagingthe Charity's financial resources, includingthe Endowment
Fund,"
This Committee was constituted by REM Resolution 005 and comprises the Chair oftho
REM Finance Committee. two oth8rTrustees, th8 Corps Tre8surer and the Museum
Director. Its statgment of purpose is"To exercise, on behalf of Trustees. supervisory
oversight of all aspects of the Charity's activities r81ated to People, and related rlsks,
8nd to remuneration. In particularly the Committee is responsible for agreeing the
benefits package, p8y & bonus awards and co-ordinating recruitment ofthe REM
Director. Day-to-day management of activities relating to peopl& are and remain the
responsibility of the Director and the Senior Management Team."
13

The Royal Engineers Museum CIO
Trustees Report
Forthe year ended 31 December2025
The Group was established to supportthe Museum Executive in the planningand
d91ivery ofthe REM Strat8gy 2025-2035. It comprises fourTrustee8, Museum Director,
Deputy Director and Head Curator. Its statement of purpose is to"Act as an advisory
and coordinating group to ensure the progress of str8tegic development, regularly
updating the full Trustee B08rd out of th8 main Trustee meetings,"
Partnerships and Networks
The REM sits within a network of other Corps and military charities as w811 as heritaEe
organisations. Our primary partnerships are with-
As owner of the historic collection, the Inst RE is the preeminent partner of the REM.
Through a perpetual Loan Agreement end in pursuit of its own Charitable objects. it
de18gates to the REM all responsibilities for the development, care, $e¢urlty and publlc
access to the collection. It also provides an annual grant to the REM whl¢h, in 2025,
provlded 14% of our opgrational income.
Ihe14ini8.try.o.f. D_eARn£R.
Underth8 8XlSting MOD Policyfor National, Regimental and Corps Museums, REM
continues to receiv8 its support. This support comprises Grant in Ald fundlng for REM
staff costs as well as occupation and maintenance of four buildings and thelr adj8C8nt
ground8 88 perthe 2001 le8se and 2015 supplemental lease agreed between the
Institution of Royal Engineèrs IBody Politlcl and th6 Secretary of State for Defence,
IbL&oyaL•o.rs..Cen.tr.aJ
In pursuit of its own charitable objects, the RECCT provldes REM with an annual grant
towards running costs. In 2025 this provided 13% ot REM'S budgeted operation81 charity
income as part of Its'enduringsupport..
In 2022 REA Trustees approved its first grant of £50,000 for the delivery of recognised
shared charitable objects. In 2025 this strateEiC partnership provided 13% of the
Museum's operational charlty income and has been agreed for 8 4, year.
From 2008, REM entered a heritage partnership and commercial leasehold with
Chatham Historic Dockyard Trust for 1,000 sq. m. of storage and display space for18rge
iiems alongside similar amounts and types ofdockyard Bquipment and for access to
over2,000 sq. m. of space forfund raising events. In 2023 a new 5-year Ilcence to use
the premises was confirmed and a licence finally agreed in January 2025.
14

The Royal Engineers Museum CIO
Trustees Report
Forthe year ended 31 De¢ember 2025
Reference and Administrative Details
Registered Charity Number: 1211021
Principle Address: Royal Engineers Museum
Brompton Barracks
Chatham
Kent
ME44UG
Trustees
Maj Gen. IRetdl D. Southall CBE
Col R Hawkin5 MBE ADC
ChairlNominatedl
Vice-chair (Ex Officiol
(Ex Officiol
(Nominatedl
(Appointed)
IAppointedl
(Appointed)
(Appointedl
IAppointedl
IAppointedl
Colonel Commandant
Corps Colonel
Corps Historian
RE Institution
Col (Retdl D. Bigger
Lt Col (Retdl P Brooks
Mr R Col8-Hamilton
Ms C Constgntin
Mrs H Gower
Dr G Howell MBE
Sir G J8ss81 Bt DL
Mr F Norwood
Museum Executive
Mrs RMS Nash
Museum Director
Mr M Thomas
Deputy Director
Head Curator
Dr A Rose
Advisors
Maj (Retdl l. Sidebottom,
Maj Gen (Retdl J Moore-Bick*
Corps Treasurer
Chairof FOREM
IMOD Employee)
8oard of Trustees advisors and non-voting members, neither are Tru8toes or REM employee5.
Approved by the Trustees and signed on behalf of the Trustees 16 July 2026.
Mrs RMS Nash
Director REM

The Royal Engineers Museum CIO
Trustees Report
Forthe y8arended 31 December 2025
IndependentAuditor
Kreston Reeves Audit LLP
St8tutoryAccount8nt
Montague Place
Quayside
Chatham Maritime
Chatham
Kent
ME44QU
Bankers
Lloyds Bank plc
Piccadilly Branch
PO Box 1000
London
BX1 1LT
Solicitors
Furl8y Page LLP
39 St Margaret's Street
Canterbury
Kent
CT12TX
Investm8nt Manager
BlackRock Investment M8nagers Ltd
12 Throgmorton Avenue
London
EC2N 2DL
Human Resources
HR Dept (West Kent) Ltd
134 London Road
Kent
TN4 OPL
16

The Royal Engineers Museutn CIO
Trustaes Report
Forthe yearended 31 Dec8mber2025
IndependentAuditors' Report to the Members of Royal Engineers Museum CIO
Opinion
We have audited the f inancial statements of Royal Engineer5 CIO (the 'charityl for the
year ended 31 December 2025 which comprise the Statement of Financial Activities, the
Balance Sheet, the Statement ofcash Flows and the related notes, includinga summary
of significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting standards,
including Financial Reporting standard 102 'The Financial Reporting standard applicable
n the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounting
Practice).
In our opinion the financial statements:
give a true and fair view of th8 State of the Charity's affalrs gs at 31 D8C8mb8r 2025 and
of its incoming resources and application of resources for the year then ended.
hav8 been properly prepared in 8ccordanc8 With Unit8d Kingdom Generally Acc8Ptgd
Accounting Practice. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Ba318 for oplnlon
We conducted our audit in accordance with Internation81 St8nd8rds on Auditing IUKI
IISAS IUKII and applicable law. Our responslbilities under those stand8rds are further
described in the Auditors, responsibilities for the audit of the fin8nci81 st8tements section
of our report. We are independent of the Charity in accordance with the ethical
requlrements th8t are relev8nt to our audit of the financial statements in the United
Kingdom, Includlng the Financial Reporting Council's Ethical Standard, 8nd we h8ve
fulfllled our othor ethical responsibilities in accordance with these requirements. We
believe that the audit evidence we have obtained is sufficient and appropriate to provide
a basis for our opinlon.
Conclusions relatingto going concern
In auditing the financial statements, we have concluded that the Trustees, use of the
going concern basis of bccounting in the preparation of the financial statements is
appropriate.
Based on the work we have performed, we h8ve not identified any material uncertainties
relating to events or conditions that. individually or collectively. may cast significant
doubt on the charity's abilityto continue as a going concern for 8 period of at least twelve
months from when the financial statements are authorised for issue.
17

The Royal Engin88rs Museum CIO
Trustees Report
For the yearended 31 December 2025
Our responsibilities and the responsibilities of the Trustees with respect to going concern
are described in the relevant sections of this report.
Other information
The other information comprises the information included in the Annual Report otheT
than the finar]cial statemer)ts and our Auditors, Report thereon. The Trustees are
responsible for the other informatlDn contained within the Annual Report. Our opinion on
the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance
conclusion thereon. Our responsibility is to re8d the other informstlon gnd, In dolng so,
consider whether the other information is materially inconsistent with the financial
st8tements or our knowledge obtained in the course of the audit, or otherwise appears
to be materially misstated. If we identify such material incon818tencies or 8pp3rent
material misstatements. we are required to determine whether this gives rise to a
material mi88tatement in the f inanci81 statements themselves. If, based on tha work we
have performed, we conclude that there is a materisl misstatement of thi8 Other
Informatlon, we are requirecl to report th8t fact.
W8 hav8 nothing to report in this regard.
Matters on whlch we are requlred to report byexceptlon
We have nothing to report in respect of the followlng m8tters where the Charltl8S
(Accounts and Reports) Regulations 2008 require8 U8 to report to you if, in our opinion:
the information given in the financial statement8 18 inconsistent in 8ny mater181 respect
with the financial st8tements' or
sufficient accounting records have not been kept. or
the financial statements 8re not in 8greement with tha accounting records; or
we have not r8C8iV8d all the information and explanations we require for our audlt.
Responslbllltles of trustees
As explained more fully in the Trustees, Responsibilities Statement, the Trustees are
rèsponsib18 for th8 preparation of th8 financial statements which give a true and fair view,
and tor such intern81 control 8$ the Trustees determine is necessary to enable the
preparation of tinancial statements that are free from material misstatement, whether
due to fraud or grror.
In preparing the f inancial statements, the Trustees are responsible for assessing the
Charity's abilityto contirbue as a going concern, disclosing. as applicable. matters related
to going concern and using the going concern b8sis of 8ccounting unless the Trustees
18

The Royal Engineers Museum CIO
Trustees Report
Forthe yearended 31 December2025
either intend to liquidate the Charity or to cease operations. or have no realistic
alternatlV8 but to do so.
Auditors, responsibllities for the audlt of the flnanclal statements
We have be8n appointed as auditor under section 145 of the Charities Act 2011 and
report in accordance with the Act and relev8nt regulations made or having effect
thereunder.
Our objectlV8s are to obtsin re880nable assurance about whether the financial
st8t8mentS 88 a whole are free frorn material misstatement. whether due to fraud or error,
and to issue an Auditors, Report that includes our opinion, Reasonable assurance is a
high lev81 of assurance, but is not a guarantee that an audit conducted in accordance
with ISAS IUKI will always detect a material mis8t8tement when it exists. Misstatements
can arlse from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic d8cisions of
users t8ken on the b8sls of these f inancial statements.
Irregularities. incluLling fraud, are instance8 of non-compliance wlth laws and
r8gul8tlons. We design procedures in line with our responslbilities, outlined abov8, to
detect materi81 misstatement8 In respect of irregularities, including fraud. The extent to
which our pro¢edure8 are capabl8 of detecting irregularities, includlng fraud is detailed
below:
C8pablllty of the &udit in det8Cting irr8gu18ritl8s, Inclucllng fraud
Based on our understanding of the ch8rity and sector. and through discussion with the
Trustees and other management las requlred by auditing standards), we identif led th8t
the principal risks ot non-compliance with laws and regulations related to health and
Safety. anti-bribery, and employment 18w. We consldered the extent to which non-
compliance might have a material effect on the flnanclal statements. We also considered
those laws and regu18tlons that have a direct impact on the preparation of the flnancial
statements such as the Charit18s SORP IFRS 1021 Second Edltion (released October
20191. and other relevant charity legislation. We Communicated identitl8d laws 8nd
regulations throughout our team and remained alert to any indlcations of non-
compliance throughoutthe audit. We evaluated Trustees, 8nd management's incentives
and opportunities for f raudulent manipulation of the financial statements (including the
risk of override of controls) and determined that the princip81 risks related to posting
inappropriate journsl entrles to increase ievenue or reduce expenditure, and
m8n8gement bias in accounting estimates. Audlt procadures performed by the
engagementteam included:
19

The Royal Engineers Museum CIO
Trustees Report
Forthe year ended 31 Decembèr 2025
Discussionswith managementand assessment of known orsuspected instances
of non-compliance with laws and regulations (including he8Lth 8nd safety) and
fr8ud: and
Assessment of identified fraud risk factors. and
Review of cash expenditure to conf irm no evidence of personal ben8fit' and
Challenglngassumptions andjudgements made bymanagement in its significant
accounting estimates. and
Performing analytical procedures to identify any unusual or unexpected
re18tionships, including related party transactions. that may indicate risks of
material misstatement due to f raud,. and
Confirmation of related parties with management, and review of transactions
throughout the period to identify any previously undisclosed transactlons wlth
related parties outside the normal course ot business. and
Reading minutes of meetings ofthose charged with govern8nc8; and
P8rforming 8n81ytical procedures with automated d8t8 analytics too18 to identlfy
8ny unusual or unexpected relationships. including related party transactions,
that may indicate risk8 of material mlsstatement due to fraud,. and
Phy8iC81 inspection of t8ngible ass8ts susceptible to fraud or irregulgrlty. and
Review of signlficant and unusual tr8nsactions' and
Identlfying and testlng Journal entries. in particular any m8nu81 entrles m8d8 at
the year end for finan¢i81 statement preparation.
Because of the Inherent limitations of an audit, there is a risk that we will not detect all
irregularities, Includlng those leading to a material mlsstatement in the fin8ncial
statements or non-compliance with regulatlon. This risk increases the more that
compliance with a law or regulation is removed from the events and transactlons
r8f18Cted in the financial statements, as we will be less likely to become aware of
Instances of non-compliance. The risk is also greater reg8rding irrpgulsrities occurring
due to fraud rather than error, as fraud involves intention81 concealment, forgery,
collusion, omission or misrepresentation.
As part of an audit in accordance with ISAS (UK), we exercise professional judgement and
maintain professional scepticism throughout the audit. We 81s0:
Identify and assess the risks of material misstaternent of the fln8n¢ial statements.
whether due to fraud or error, design and perform audit procedures responsive to
those rlsks, and obtain audit evidence that is sufficient and appropriate to provide
a basis for our opinion. The risk of not detecting a material misstatement resulting
from fraud is higher than for one resulting from error, as fraud may involve
collusion, forgery, intentional omissions, misrepresentations, or the override of
internal control.
20

The Royal Engineers Museum CIO
Trustees Report
Forthe year ended 31 December 2025
Obtain an understanding of internal control relevant to the audit in order to design
audit procedures that are appropriate in the circumstances. but not for the
purpose of expressing an opinion of the effectiveness of the charity's internal
control.
Evaluate the appropriateness of accounting policies used and the
reasonableness of accounting 8Stimates and r8lated disclosures made by the
Trustees.
Conclude on the appropriateness of the Trustees, use of the going concern basis
of accounting and, based on the audit evidence obtained, whether a material
uncertainty exist8 related to events or conditions that may cast significant doubt
on the charity's ability to continue as a going concern. If we conclude that 8
material uncertainty exists, we are required to draw attention in our Auditors.
R8porrto th8 related disclosures In the fl nanclal statements or. If such dlsclosur8S
are inadequate, to modify our opinion. Our conclusions ar8 bas8d on th8 audit
evidence obtained up to the date of our Auditors, Report. However, future events
or conditions may cause the charity to cease to continue as a going concern.
Ev8luete the over811 p¥esentation, structure and content of the finan¢lal
statements. including the disclosures, and whether the financial statements
represent the underlying transaction8 and events in a manner th8t achieves fair
piesentation.
We communicate with those charged wlth governance regarding, among other
matters, the planned scope and timing of the audlt and signiflcant audit findings,
including any signif ic8nt def iciencies in internal controlthatwe identify during our
audlt.
Use of our report
This report is made solelyto the Charity's Trustees, as a body, in accordance with Part 4
of th8 Charities (Account$ and Reportsl Regulations 2008.
Our audit work has been undert8kan so that we might state to the Charity's Trustees
those matter5 Wg are required to state to them in an Auditors, Report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility
to anyon8 Other than th9 Charity and its Trustegs. as a body, for our audit work, for this
report, or forthe opinions we have formed.
Samantha Rous& FCCA DChA
lor on behalf of
Dale.- 16 July 2026
Kreslon Reeves Audit LLP
stalulory Auditor
Floor
Marilima Place
Quaysidè
Chatham Maritimg
Chatham
Kent
ME4 40Z
Kreston Reeves Audrt LLP are eligible lo act as auditors In terms of section 1212 of the Companies Act 2006.
21

Royal Englneers Museum CIO
Statement of financial activitias
For the year ended 31 Dècember 2025
Re-stated
Total
funds
2024
Unrgstrict8d Restricted Endowmant
funds
funds
funds
2025
2025
2025
Total
funds
2025
Note
Income and endowments from..
Donations and legacies
Olhgr Iroding activilies
Investments
581,746
134,721
54,397
5.200
9,521
596.467
134,721
64.746
676,815
137,012
47,515
16
349
Total Income
770 884
9,870
785.934
861 342
Expendlture on:
Ralslng funds
Charitable aclivi11gs
10111
17
47,784
815,330
47,784
923.430
45,825
791,186
108,099
Total expendlture
863 114
108,099
971.213
837,011
Net Incomellexpendlture} before
revaluatlons
192,2501 {102,8991
9,870
1186.2791
24,331
Nel gains cn Investments
99,914
99,914
46,213
Net Income before transfern
192,2601 <102.8991
109,784
185.3661
70.544
Tran6fer8 be￿een Funds
29
86,000
117.000
1202,000}
Not movement In fund8 for year
17,2501
14,1Q1
192,217) 185,3681
70.544
Tol81 funds at 1 January 202S
253.181
7,575
1,339.204 1,599,960 1,529,416
Total funds at 31 DeGernber 2026
29
245,931
21,676
1246,988 1 $14,596 1,S99.960
All aclivili6s r8lale lo continulng operations.
The notes on pages 20 10 42 form part of these financial 51alements.
22

Royal Engineers Museum CIO
Charity Number 295173
Balance sheet
As at 31 December 2025
2025
2024
Note
Fixed assets
Tangible assets
25
168,585
142.375
Invèslmanls
1 279 994
1.297,079
1.436.579
1,439,454
Currgnt a$sgts
Stock
10,250
10,275
Deblors: amounts falllng due wllhln ong year
27
19,6Z9
22,110
C88h al bank
236 7SO
305 941
266,629
338,326
Cr•dltorn'. amounts falllng due wilhln one
year
28
1188,6131
{177,820)
Ngt current ai88ts
160.508
Ngt a980t8
1614 595
1 S99.980
Charlty Fundffj
Endo￿￿8￿1 funds
1,246.988
1,339,204
ReslrlGted funds
29
21,876
7,575
Unreslrfcted funds
29
246 931
253,181
Total funds
1.514,595
1.599 960
The financlal statèmants wera 8pprovad by tho Trustegs on 18 July 2026 and signed on their behalf, by..
}LoI_C
Malor General DW S
uthall CBE - Trustee
Colonel GS Cheesrnan ADC- Corps Colonol
The notes on pa9e$ 20 to 42 form part of these linanoal stslements.
23

Royal Engineers Museum CIO
Statement of Cash Flows
For the year ended 31 December 2025
Note
2025
2024
Net cash used in operating activities
33
234.814
56,154
Cash flows from Snvestlng actlvltl6s
Intere81 and dividend8
Sale of investments
Purchase of Investmgnts
PurchaBe of tangible fixed a8sels
54,746
117,000
47,515
1402,000)
{7,834)
16,1231
Cash provlded by Iusgd In) InvestSng acllvltles
165,623
362.319
Increasg Idecr80sel in cash and cash equivolenl$ in Ihg ygar
69.191
306.185
Cash and cash equSvalenls al the beginning of the year
306,941
612,1C
Total cash and cash equlvalents at the ènd of th• yèar
236,780
305,941
Analysls of ch#ngeB In n8t dgbt
At1Jan
2025
At 31 D8c
2025
Cashtlow$
Cash and cash equlvalents
Cosh
306 941
236.760
24

Royal Engineèr8 Musoum CIO
Notes to the financial statements
For the year ended 31 December 2025
1 G•nèral admlnlstratlv• Infomiatlon
Royal Engingèrs Mu$eLJm Fund 1$ an unin¢orporaled charity in England and Wales with th8 charily
r8gistration number 295173. The address of th8 registered office is Royal Engineers Museum, Bromplon
Barracks, Chalham. Kent, ME4 4UG. The charilles prfnolp81 objectives conllnue lo be lo collect. pr&serve
and prBsBnl acces55bly tho rnililary and clvll work. deeds and history ol The Corps of Royal Engineers and
to educate and promote scholarship therein fN members of the Corp5. the wider Armed Forces and the
ganer81 public and. thereby, lo contribute positively lo the proficiency reptjlalion and 8ffiaency of the Corps,
the racrultmenl and inspiratlon ol ils membèrs and the benefll of the publlc.
2 Accountlng pollclè8
2.1 Basbs of preparatlon of financlal statsmgnts
The financ581 slalemenls have been prepared In accordance wSlh the Charillgs SQRP IFRS 1021
A¢counling and Reportlng by Charilie$.' Statement of Recornmended Practice applicable lo charllles
preparlng Ihelr accounts accordance with the Flnancial Reporting Standard appllcabl$ in Ihg UK
and Republlc ol Ireland IFRS 1021 Ipffp¢tI￿ 1 January 20191 ond the Charlli8s Act 2011
Royal Englneers Musaum Fund m8els th8 d8finlllon of a public b8neflt enllly under FRS 102. Assets
and liabllities are initlally recognis8d at historical cost or transaction valuè unless olhemlse staled In
the relevant accoun11ng pollcy nolel81.
The flnancial slalements arè presented In UK sterling. which18 th8 Charit￿3 lunclional currency, and
rounded Ic* the nearest pound.
2.2 Preparatlon of the a¢¢ounts on a golng concern ba818
The Trustees 8s8e88 whether thè u68 of going concern Is approprlate, l.e,,whelher there are any
rnaterSal un¢ertalnlSes related to events or Conditions that rnay cast signifi¢anl doubt on the ability of
the Charity lo continue as a going concern. The Trustees rnake this a88essment in respgct of a
period of al least one year from the dale of aulhDiisalion for issue of the financi81 $18lemenl$ and
have ¢on¢lud8d that Ihg Charity has adèquatè r8sourc8s to continue in op8ra(lon exist8nc8 for the
for8S88able futur8 and there ar8 no material uncertainties about the Charity's ability lo conllnue as a
going concern, thus they conllnue lo adopt the going concern ba818 ol accounllng in preparing the
financial slal¢m&nls.
25

Roy81 Engln8er8 Ikuseum CIO
Not•s to th• linancial statements
For the ypaT ended 31 December 2025
2 Accountlng pollclès Icontlnuadl
13 Fund accountlng
Unresliicted funds represent unrestrlcled funds, whSch are expendable, at the dIsc￿￿On of the
Tru51ee5 in the furtharanc8 of th8 obj8Ct8 of the charity. Such fuThds may be held in ord8r lo fin8n
both workin9 capital and capital Inve8tm8nl.
Endowrnent lund$ ￿present an expendab￿ endowment, where the endowed capital can be
converted lo Incom8. In 2025, £117K of Invtrslmenls wero roallsed lo fvnd tr8n¢h0 1 of The Nallonal
Lottery Hgritsge project..
Oe51gn818d funds..
FOREM is a fund set up at the request ol the Trustees te enable volunteers lo support the museum.
PreWs'.
Museum inyrovements relat• lo the museum knpfov•mant to whlch a capllal grantwas rnad•.
Collecllon funol r8presents Income recov8red from Ihe $818 of h6rltsg8 8s68ts and whlGh In
acccrdan¢8 wlth the m￿D¢m$ guKt?lino$. can only be expended cn the Colle￿}0￿.
MLA & Wollson Trust rèprasants grant Incema agélnil ipeelfic •xp•ndllurè.
Inv8Stm8nl income. 98in$ and 106$e& qlt ollocoted to the opproprlale lund,
2.4 Incom•
All Incom& Is recognl8ed onee tha charlty has trnllllernent to Ihe Intomts, It Is prebablo thai tho
ncomo will b8 iacalvèd and th8 amount ef Income r8c8lv8ble con b8 m•8Aurèd r•ll8bly.
2.0 Expendlture
Llabllltlas are rocognl8•d Is eKp•ndllure a8 soon 88 thtr81s an obllg8tlon to tommlttlng the trust to
th• #%pendilutg. All gxp8ndilur8 is accounl8d for on an accrua15 bas15.
The cDs15 of generatlng funds cons181 of inveslmgnl rnonagemenl and cert8ln legal fee$.
C051 of charitab18 actlv1118¥ Includ?$ grant$ mode 8nd the 8PPOrtlonment of 8UPPOrt shown ITh
note 17.
Overhead and 8UPPOrt CO818 IhBt cannol be ottrfbuted dlrecl lo a ¢h8rltsble aclvlty M?ve been
alk)cated on a percAnt898 b8sI8 of Ilme. spara or cosl 898ln81 ￿￿vIty.
2.6 Tanglbl& foxed a$s•ts and depreclatlon
All ass&ls C051ing more than £1,000 are capitali8?d and all assets are valued al historic cost.
Deprecigtbn is ¢hargad on a5set5 using a straight-lin? basis overth8ir e5timat8d lile as follow5.'
Museum improvemen18
G8n8ral propety
10- 20% per annum on cost
10 - 20% per annurn on ￿$1
2.7 Invostments
Inv0strnen15 held a5 lixed 955ets are includFd in the accoun15 Bt valuation based on their bid price
at the balance sheet date. The $tal$menl of finanual activities includes the not gains and 10$6s
arlsing on revaluatlons and disposals throughout the year.

Royal Engineers Museum CIO
Nots$ to the financial statèments
For the year ended 31 December 2026
2 A¢¢ountlng poll¢l•s l¢ontlnuedl
2.8 Debtors
Trade and other debtors are Tecognised al the settlement #mount. Pr&paym&nls are valuèd at thg
8mounl prep81d.
2.9 Ca¥h at bank and In hand
Cash al bank and in hond includes cash and short temi highly liquid invostm8nls with a short
rnaturity of Ihree rnonths or less from th& dale ol acquisition or opening ol the dèposll or simllar
account.
2.10 Llabllllleg And provl$long
Llabllltles are recogniseci when thera Ss an oblSgallon at the Balance sheet dale as a result of g past
event, il is probable that a transfer of economic benefit will be requlred In selllernenl, and the
amount of the selllernenl can be esllmaled r81iably. Llabililies are recognised at the amount that the
charity anllcipale8 il wlll pay lo sellle the debt or the amount il h88 re¢elved 83 8dvan¢ed paym8nls
for th8 goDds Dr sèrvicès il musl provldè. Provislons are m8asured at th8 b9sI 8Stirnat@ of the
amounts requlred lo Sotlle th$ obligation. Where Ihe effect of the lime value ol money is maleiial,
the provlslon is based on the present value of those amoun15, dlscounled al th$ pre-tgx discount
rale that reflects the risks $p$¢ifi¢ lo Iha liablllly. The unwinding of the discount Is r8cognSsed within
Int&r&s1 payable and slrnllar charg88.
2.11 Flnanclal Instruments
The charfly only has flnanelal assets and Ilnanclal IlabllKles of a kSnd that quallfy as baslc flnanclal
Sn$lrum¢nls. 8aslG flnanclal In$lrumonl$ are inilially recognised al transaction value and
8ubsequenlly rneasured al Iheir settl8menl value.
2.12 P•nslon#
The charlty trperales a deflned contribution penslon scheme and the penslon charge represents the
amounts payable by the charlly lo the fund In respect ol the year.
27

Royal Engineers Museum CIO
Notes to the financial statements
For the year ended 31 Decèmber 2025
Accountlng policl&s Icontlnuedl
2.13 Hgritago assets
When the Mu8eum and Archive Collèction moved to the Ravelin Building in 1986 il
encompassed about 15,000 diverse items. Ils accession register now has over 32,000
enlrles of whlch over 17,OJO are objects, 2,200 ar8 books, and 3,000 ar8 maps and prints and
the re81 are archiv81 collections ol greater quantity than the accession entry indicates and
includes examples such as Wellington's dispatches from the Peninsular War. Around 7.500
btems are on display in 25 galleries. The Library and ils Archive contains about 32,000 books,
further 3,000 maps, plans and prints, over 700 films, around 340,000 hi8tori¢ photos, slid85
8nd glades slides 90lng back to the orlglns of the medium and 650,000 arGhSval records and
specifications.
Trustees believe that il would prove on6rous and &xce8dingly expensivo lo valu8 th8
extensive and diverse historical RE Museum & Library heritage assets. A curatorial registgr
of heritage assets is maintained.
Trustee8 introduced 8 pollcy In 2011 whèrèby individu81 museum exhlbils arè c8pilali8ed rf
their cost exceeds £1,000, Heritage assets acquifed sincg the introduction of SORP 2005 are
valued. Heritage assets roprosent museum exhibits within unreslricled funds.
2.14 Tender pollcy
Trustees introduced 8 tender policy that covers exp8ndllure'.
Bo￿&$n £2,500 and £5,000
three recorded phong quotations
b. Be￿een £5,000 and £10,000 three Written quolalions from suppliers
c. Over £10,000
Internal t&nder board selection from wrStten quotation8
2.15 Donatgd ser¥lc•¥ and facllltles
The cost of donaled services is included In income 81 a valuatlon whlch Is an esllmale of the
financial cost born8 by the donor whgrg such cost is quanlifiab19 and measurable. This
amount is matched by donated expenditure, apportioned against charitable aGtiville5 an¢J
support.
2.16 Crltlcal accountlng estlmatgs and areas of ludgament
Eslimale8 and judgements are continually evaluated and are based on historical experlenced
and Dth8r factors, including &xp8ctalions of future events th81 are believed lo be reasonable
under the circumstances. The Charity does not currently have any significant accounting
eslimales or areas of judgement.
2.17 Taxation
Royal Engineers Museum Fund is a registered charity and accordingly no provision is
considered neGessary for tax¥lign.
28

Royal Englneers Museum CIO
Notes to the financial statèmants
For the year ended 31 December 2025
3 Donations and legacies
Re-stated
Total
funds
2024
Unrestrlcted Restrlcted Endowment
funds
fund8
fund5
2025
2025
2025
Total
funds
202S
Notè
Donations
Grants
Endowment fund subscriptions
Donated Servlces and Facllllles
Sundry Income
Compensation Claim
1,502
445,160
1,502
450,360
9.521
134,619
257
208
1.034
537,817
9,698
126,050
5,200
9.321
134,619
257
ZOB
218
581748
596,467
676815
Incomt from Donations And legacies was £598,487 12024.. £548,7e51 of whlGh £581,748 wa$ unre$lrl¢led
12024.. £549,531), £5.200 was raslricted12024'. £117.S881 and £9,521 was 8ndowm8nl12024.. £Q.6981.
4 Donatlons
Unr¥strl¢tsd Re¥trlctsd Endowment
lund8
funds
fund$
2026
2026
2025
Total
fund$
2025
Total
funds
2024
IndSvidu818
Mu59um vlsllor8
910
693
910
593
580
454
1,034
Don8tod s8rvlc8s and f8cllltl88
Adminislralive ulllity cost
Admlnlstratlon salaries
100,382
34,237
97,OS4
30,996
134619
128,050
29

Royal Engineers Museum CIO
Notgs to the financial $tat•menis
For the year ended 31 December 2025
S Grants
Unrestrlcted R•strl¢ted Endowment
fund$
fvnds
fundg
202S
2025
2025
Total
funds
2025
Total
fundB
2024
Royal Enginaers Central
Charitable Trust IRECCT)
Institution of Royal Engineers
RE MuseumlLibrary
RE Associallon
Heritage Lotterty Fund
Rochester Bridge Trust
M8dway Council
National Archives
AIM
Gr8nl In Ald
Norfolk County Counc51
SE Museum Development
60,000
60,OIKI
50.000
6S,817
68,649
65,817
68.S49
84.524
52,763
116.988
eoo
600
3,000
1,600
600
3,000
1,600
290
250.588
924
1,140
260,794
280,794
450 360
537.817
6 Endowment fund sub8crlptlonB
Unre$trl¢t•d Re8trlcted Endowment
funds
funds
fund$
2025
2026
2026
Total
fund8
202S
Totsl
fund
2024
Endowment fund subscrlpllons
Tax refund
7,833
1,688
7,833
1,688
7.953
1.743
9.696
30

Royol Englneers Museum CIO
Notes to the financlal statements
For the ypar ended 31 December 2025
7 Donated $8rvi¢•s and facilities
Unr85trlcted R8Strl¢ted
Endowm
ellt
funds
202S
Total
Total
funds
2025
funds
202S
funds
2025
funds
2024
Adrninislrative utility co?18
Adrnini81ration $al8ri85
100,382
34,237
100,382
34,237
87,054
30,998
134,619
134,619
128,050
Donated and fa¢ilili•$ havg b•¢n re¢ognlsèd withln donation Incorne Ihls year. Prlor ye8r
balances have been re-slaled to Match Ihls treatment. In prtor Yea￿ donated servlces and lac11511es
had been allocated across activities.
Other tradlng i¢tlvltl•8
Re-stated
Total
lunds
2024
UnTr81rlcled R¢•lrlcted Endowm
fund8
fund8
fund8
2026
2025
2026
Totsl
fund8
2026
Learnlng Workshops
Prornotional events
Venue Hlre
Prlmary Relall
Café Tradlng
Musèum anitan￿ f••
FOREM
Research
Di9ilal 1rn89
6,802
708
18,090
6,632
20,280
78,088
6,849
1,941
363
6,8D2
708
18.090
8,632
20,280
78,066
6,849
1,941
363
6,307
6,338
12,207
9,149
16.346
77.S60
5,483
2.152
1,470
10
12
14
134.721
134721
137,012
In both 2024 and 2025 the Income from other Iradlng actlvllle5 wa8 unrestrlcled.
9 L•arning
Re-slated
Unrèstrictsd Rgstrlctod
Endowm
ent
funds
2026
Total
Total
funds
202S
furtds
2025
funds
2025
funds
2024
Educatlon
F8rnily Adivilies
4,950
8S3
4,950
863
4.917
1,390
6,307
31

Royal Engingors Mus&um CIO
Notes to the financlal 5tstements
For the year ended 31 December 2026
10 Promotional events
Re-Sl8led
Tol81
fund8
2024
Unre8tricted Restrlcted Endowment
funds
fund5
funds
2025
2025
2025
Total
funds
2025
Incomè
Event Income
708
708
.338
70e
708
6,338
Expendlture
Miscellaneous
Cost of Evenl8
Advertising
Staff cosls
Depreclallon
1,161
4,810
1,744
36,870
68
1,181
4.610
1,744
36,870
58
1.038
7.222
178
34,507
62
44,442
44,442
43,006
Nel expgndilure
11 Vonua Hlre
Re-slaled
Unr•8trl¢tod R•strl¢t•d Endowment
Total
Tol81
funds
2025
funds
2025
funds
2025
funds
1025
lunds
2024
Income
15,090
15,090
12,207
15.090
15,090
12,207
Exp&ndllu
3.342
3,342
2,818
3,342
3,342
2,818
Nel income
9.389
32

Royal Englna•rs Musèum CIO
Notès to thè finanelal statemènts
For the yearended 31 December 2025
12 Prlmary Tradlng
Unrestrictgd Re8trict•d Endowmènt
funds
fvnd$
fvnds
2025
2025
2025
Totsl
fund$
2025
Total
fund3
2024
Incom
Sal•$
12,170
12,170
16,272
12,170
12.170
16,272
Exp&ndlturfr
Openlng Stock
Purchases
Closlng Stock
19,6521
14,9741
9,089
19,8621
14,9741
9,089
18.9071
19.8681
9,852
15,5371
5,5371
17,1231
ProflVLoBB
13 Gafé Tradlng
Unrestrlctsd Ro8trS¢tod Endowmont
Total
Total
funds
2025
funds
2026
fundB
2025
funds
2025
funds
2024
Income
Sal85
44,667
44,667
40,8SS
44,687
44,667
40,855
Expendltur&
Opening Slo¢k
Stock Purchases
Disposable Purchases
Equipment
Closing Stock
16231
122,8621
11.5451
(5191
1,161
16231
122,8621
11,5451
15191
1.161
13641
{20,7691
11,2411
12.7581
623
124,387}
124.3871
124,5091
ProfiVLoss
16.346
33

Royal Engineers Museum CIO
Notas to thg financial statements
For th8 yearended 31 December2025
14 Museum entrance fee
Re-slaled
Totsl
funds
2024
Unrestricted Restricted Endowment
funds
funds
funds
2025
2025
2025
Total
funds
2025
Entrance ticket
Research Pas888
77,999
67
77,999
67
77,435
125
77,560
16 FOREM
Unrestrlcted Restrlcted Endowment
funds
funds
funds
2025
2025
2025
Total
funds
2025
Total
fund8
2024
SubscripliDn8
Donations
Glft ASd
EOD UK Ltd
Sundry
Dtposil Account Interest
3,117
353
829
3,117
353
829
2.856
388
769
250
1.032
188
1,390
160
1.390
160

Royal Englneers Museum CIO
Ngtes to the flnan¢lal statements
For the year ended 31 December 2025
16 Inveslment Incom8
UnTe$trlcted Reslrictèd Endowment
funds
funds
fund5
2025
2025
2025
Total
lund5
202S
Total
funds
2024
Dividends
Bank interest
52,730
1.667
62.730
2.016
41,491
6,024
349
54.397
349
54,746
47,515
BlackRock charge a hèadline fee of 0.4% against tho ptroled funds of AFCIF. As gt 31st Docgmber 2015. 10%
of the fund w8s oulsouTced to third p8rty man8get8 through an op•n £r¢hlIeclu￿ Investment Inilialive.
Identifylng m8na9ement cost8 a98in81 individual funds in Ihe AFCIF is the￿f0￿ very complicaled. Bla¢kRock
consulted with the Charities Commission who dèclared lo Bla¢kRo¢k Investment M8n8g8r8 Ih8t th8r8 is Tho
r•quiram•nt to idlniify management casts agalnst pooled Inve6tments.
In both 2024 and 2025 the Investment Income was unre8trlcted.
35

Royal Engineers Museum CIO
Notes to th* financial ststsments
For the year ended 31 December 2025
17 Charitsble Activitios
Re-slaled
Dlrect
costs
2025
Support
costs
2025
Totsl
2025
Total
2024
FOREM
Engagernenl
Leaming
Operations
Collecllons Management
Note 18
Ntsle 19
Note 20
Note 21
Note 22
5,018
348,059
58.429
287,466
65.422
5,01S
475,000
60,632
308,167
74,616
1,WO
358,423
61,537
297,107
75,059
126,941
2,203
20,702
9,194
169 039
764.390
923.430
791,186
Expenditure on ¢haritable activities was £923.430 12024.. £791,188) ol whlch £815,331 unreslrklad
12024.. £787,100) and £108,099 was re$trlcled {2024'. £4.0861.
18 FOREM
2025
2024
Support ¢tssts
Smudgers Talk
Mlscellaneous costs
230
830
S,016
5,015
1,060
36

Royal Engineers Museum CIO
Notes to the financial statèmènts
For the year onded 31 December 2026
19 Engagement
2025
2024
Dlrect ro¥ts
Pèmanenl Galleries
Temporary Exhlblllons
Communily Engagernenl
Proje018
1,854
799
135
124,153
7,860
409
1,146
9,588
126,941
19,001
Support costs
Re-slaled
Dockyard Rent
Seminats and cours88
Travel and 8ub81slence
IT support
Legal Fees
Professlonal Fe&8
Insurance
Subscripllons
Mi8¢8llaneou8 SUPPOrt
Volunteers expenses
Staff costs
Depreciation
Restal8d Valu
19,097
9.177
100
2.740
2,987
1,456
$,018
3,233
170
3,733
1,399
290.192
16.217
993
874
2,923
6,878
3,358
174
3,289
2,104
320,499
16,759
128.8871
348.059
337,422
476 000
358,423
37

Royal EngineerB Museum CIO
Notes to the flnanclal ststements
For the year ended 31 Dgcèmber 2025
20 Learnlng
Re-stated
2024
2025
Dlrèet CO8ts
Equiprnenl
Brid9e BuildinglPrlzes
1,737
466
1,375
444
2,203
1,819
Support ¢o$ts
Sttminars and courses
Travel and subslslence
IT 8UPPOrt
Le9al FeBs
Prof¥5sional Fe08
Insuranca
Subscriptions
Mi$¢ollaneous c0818
Staff costs
Depreciallon
183
291
219
2,000
3.358
173
2,446
49,305
408
259
995
109
1,751
3,233
170
2.878
49,892
431
58,429
59,718
38

Royal Enylnoers Museum CIO
Notes to tho financial statements
For the year ended 31 December 2025
21 Operations
Re-stated
2024
2025
Direct costs
Maiketlng
Fundraising
Maintenance
16,666
793
3,343
9,908
10,449
20,702
20,355
Support costs
Seminars and courses
Travel and subslslence
IT 8UPPOrt
Legal Fees
Professional Feès
Insurancg
Subscriptions
Mlscellaneou8 SUPPOrt COBts
Volunteer Expense8
Staff costs
Deprecialion
Donated Services and Faclli1I98
966
2,218
4,370
219
1,875
4,S27
2,984
3,879
202
129,372
2,234
134,619
105
1,774
14,933
109
1,641
4,358
2,7e6
3.838
134
116,787
2,257
128,050
287.466
276,752
308 167
297 107
39

Royal Englnè•rÈ Musèurn CIO
Notès to thè financial statèmÈnt$
For the yoar 8ndad 31 D8cernber 2025
22 CpllgGt4on$ Monoyement
Re-Sl8led
2024
2025
Dirètt co&t
Conservation Equipm¢nl
Collection Management
6,422
1.781
3,241
12,2501
4,311
205
2,98
12,250
A¥i41 (Adlibl
9,194
19,746
Support CO8ts
Semln8rs and eouwes
Travel and $ub$i$itnr
IT $upport
Leg81 Fees
Prof88sional Feel
In8urance
Sub8criptson8
Mk5ts11aneou5 5UPPOrt cost
Volunteer ExpenEes
Staff costs
Depred81ion
781
1,077
995
109
1,313
291
219
875
3,358
303
2,519
576
54,065
1,341
3,233
310
2,944
383
43,370
1,385
65,422
55,313
75 058
23 Nat Incomolloxpondltuièl
Th1$ 5& slalod 8fter thargkng..
2025
2024
Depreciatlon olianglblB r￿ed asBel8',
- oyffled by the charity
Re¥er501 ol Htslorlc 0gpro¢iaiion on
H161odG Assets
Audiioff& r8munwAtlon
20,799
128,8871
3,967
20,332
3,290
DurlrtE ttte ye8r, noTrustces rocelved any rernuneration12024.. ÉNIll.
Durlngitte year, noTrustèes recelverj any bBnellts In klnd12O24.' £NIII.
Thr&0 Tru8toe recelved ielmbuisement of expenses In the ¢urientyg81 ioialllnE £2,561.5212024.. ENIII.
40

Royal EngineerB Museum CIO
Notes to the financial statements
For the year ended 31 Dècember 2025
24 Staff costs
Staff GIx818 w8rè 8$ follows:
2025
2024
Wages and salaries
Soslal seGurily costs
P&n6ion coslB
509,733
45,650
34,729
468,617
35,339
30,792
590 112
534,748
The average number of persons employed by thè Charfly during th8 year was as follows..
2025
No.
24
2024
No.
33
Management and 8dministrallon ol th& charily
The average hoadcounl &ypro$9gd as fulkllrne equivaten16 W88..
No.
17
No.
15
Management and admlnlslr8llon ol the charity
No employee recelved remun¢rallon amounllng lo more than £80,000 In either year.
The total employment benefits Includlng employer penslon contributions ol the key management personnel
were £67.24812024'. £62,885)
25 T•nglble flxèd a8$ets
Herltage Plxture8 & Oth¢r fixèd
assets
flttlng$
osset8
Total
Cogt
Al 1 January 2025
Additions
Transfer be￿een A8sel Cla8888
21,832
79,161 1,147,534 1,246,627
6,123
6,123
196,2921
96,292
At 31 December 2025
118 124
79,161 1057 365 1 254 $50
D•pr&clailon
At l J8nu8ry 2025
Charge lor the year
Transfer between Asset Classes
Reversing Depreciation lo dale on Heritage Assets
67.359 1.038,793 1,106.152
3,190
17,810
20,799
128,8871
28,887
128,8871
128,8871
At 31 December 2025
70.549 1027 $16 1098,064
Net book value
Al 31 December 2025
118 124
1565B5
Al 31 December 2024
21,832
11,802
108,741
142,375
41

Royal Englneers Museum CIO
Notes to the financial statamgnts
For the year ended 31 December 2025
26 Fixed asset Investments
Listed
securltlgs
Market val
At 1 January 2025
Sold
Revaluations
1,297,079
1117,0001
99,915
At 31 Dec8mber 2025
1279 994
Hlstorlcal cost
112564D
Investments at market value ¢ompr589:
2026
2024
Listed investments
1 279 994
1 297 079
All th& flxed a88et Investments are held In the UK
Matorlal Inv08tments
All invested funds at the balancè sh8@t d8t8 Werè hald In thè BLK Armed Forces Charille3 Growth and
Income Fund, managed by BlackRo¢k Inveslrnenl Managers Limlled,
42

Royal Engingers Mus9um CIO
Notes to the financial statements
For thè yg8r &nd•d 31 Dècèmbèr 202S
27 Dèbtors
2025
2024
Du9 wlthln one year
Trade debtors
Other debtors
Prepayments and accrued Income
2,656
16.855
118
2.474
14,336
5,300
19.629
28 CredltorB:
Amounts falllng duè wlthln one year
2025
2024
TTad8 cr8dilors
other orediloTB
Accrua18 and dèferred incomè
16,347
169,433
2,833
11,4731
176,387
2,906
188 613
177 820
43

Royal Englngors Musgum CIO
Notes to the flnanclal ststements
For the year ended 31 Docèmbar 2025
29 Statement of funds
Current year
Brought
Forward
Transfer8
Gain81
Carried
inlout (Loysasl Forward
Incomg Expgndlturo
Désignated funds
Designated projocts
FOREM
Colleth'on
138,364
19.703
6.505
38,805
5.849
133,7711 18,0421
15,0151
133,3S6
20,537
3.256
{3.2601
162 572
167 148
Genoral funds
Generfjl
721445
819 563
Total Unrestrfcled funds
253 181
766 099
858 349
245 931
Endowmentfunds
Endowment fund
1 339 204
202 000
99 915 1246 988
Rostrlcted funds
Medway Council VE80
Bridge Bulldlng
RECCTIBR200 Archive & Lib
HLFI War winnlng Engineerlng
Nal Lollery AwardlPeaGe Proj
National Archlves
3,000
eoo
11,7011
14681
11,4551
1103,183) 117,000
11,2771
161
1,299
290
4,301
13,817
386
1,584
1S6
5,766
1,663
1,600
Total Restricted Funds
108 099
117000
Total of funds
1599 960
781168
966 448
99 915 I S14 S9S
44

Royal Eng5neers Museum CIO
Notes to th¢ finanGial ststements
For the year ended 31 December 2024
29 Statement of funds IContlnu&dl
Prior year
Brought
FoNard
Income Expendlture
Transfers
Galnsl
inlout (Lossesl
Carrled
Forward
Deslgnated funds
Designated proieds
FOREM
Collection
Museum improvements
217.86D
15,281
6.505
5,117
5,482
121,1341 165,4791
11,NOI
136,364
19.703
6.505
239.646
22 194
162,572
General funds
General
281,140
722.297
809.962
102,866
90,809
Total Unr$slrl¢t¢d fund$
520,786
732,896
832 158
168.345
253.181
Endowment funds
Endowment fund
880 902
402 000
46213 1339 204
Restrlcled funds
Tran8fomalionlBahrain
Arts Council
Capturing Cullures
Arts Councll Unlock
AIM
Bridge Buildlng
RECCTIBR200 Archlve & Lib
BR300 InfraslruclurelSlor9
RECCTIBR300 Infra & Store
HLF
Nal Lottery AwardlPeaco Proj
Queen's Gurkha Engineers
116,667
1116,6671
98
1981
600
{4441
11,4561
156
5,756
7,212
116,988
111e,9881
1,663
2,088
1.663
12.0881
Total Restricted Funds
127 728
117588
4,086
233 655
7,575
Total of funds
1.529416
860,573
836,242
46.213 1,599.980
45

Royal Englneers Museum CIO
Notès to thè financial statements
For the year ended 31 Dec&mber 2025
30 Analy$l$ of net assets between fund5
Current year
Unrestricl8d Restrict8d Endowm8nt
funds
funds
funds
Total
funds
Total
funds
2025
2026
2026
2025
2024
Tangible fixed assets
Fixed asset Inveslmenis
Debtors
Current as5els
Credllors due within ong year
148,472
85,000
19,629
181,443
188,6131
8,113
166,586
142,375
1,194,994 1,279,994 1,297,079
19,629
22,110
247,000
316,216
1188.613} 1177,820)
13,663
61,994
1246 988 1614 $95 1599 960
PrSor ye8r
Unr881ricled Re8lri¢led Endowment
funds
funds
funds
Total
funds
Total
funds
2024
2024
2024
2024
2023
Tanglble flxed assets
Flxed a888t Investments
Debtors due after more than 1 year
Debtor$
Curr&nl a88als
Creditor8 due within one year
13e,619
5,756
142,375
1,297,079 1,297,079
154,873
848,866
22,110
272,272
1177,8201
22,110
52,389
316,216
769,743
1177,8201 (146,0891
1,819
42,125
253 181
1339 204 1 599 960 1679 782
31 Penslon commltments
The charty operates a defined conlribullons penslon scheme. The assets of the scheme are held
separately from thos8 of the charity in an independently adminisl$red fund. The pension cost charge
rèprèsents contributions payablg by the charity lo the fund and amounlod to £34,729 {2024'. £30.7921.

Royal Engineers Museum CIO
Notss to the financial statem8nts
For the year ended 31 December 2025
32 Reconciliation of net movement in funds to not
¢a$h flow from operating aGtivities.
Total
funds
2025
Total
funds
2024
Nel mov8mènl in funds
Add ba¢k depreciation charge
Re8laled Depro¢i8tion V8lu8 on H8ritage Assets
Deduct interest incomè shown in investing activitles
Deduct gains l add back ltsssas on inv8stments
Decrease (In￿eaSe) in $lock
Decrease lincreasel in dÈblor8
Increase Idecreasel in creditor8
185.3661
20.799
128.887}
154.7461
199.9141
25
2,481
10,793
70.544
20,332
147,5151
146,2131
{3,0041
30,279
31,731
Not c88h uyed In opèrallnp actlvltle$
234814
56,154
33 Related partlos dl$GIoBura8
Colon$l Riehard Bouka Hawklns MBE ADC and Major General Davld W Soulhall CBE, Trust989 01
Royal Enginèers Muséurn are also Trustees of the Royal Enginèars Central Charltsble Tw$1
IRECCTI ttsr which transactlons have taken place during thè year. Ourfng the year RECCT paid the
Royal Englneers Musgum grants tolalling £60,00012024- £50,000). In addlllon, RECCT colleclod
subscriptlon incDme on bahalf trf RE Muséum totalllng £11,14612024 . £7,833) and r6lmbur8ed
admin recharges of £4.51312024 - £3,750} whlch was transferied during the year. As of 31
December 2025 no balanc8 was owed from RECCT12024.' £nill.
The Royal EngSneers Mu$eum olso paid over t58,89312024- 75,4321 to RECCT durlng the ye8r In
relation lo recharges for $alarieg and p&n$ion ¢o$l$, as well as admin recharges. A8 al 31
Decernber 2025 a balanca of £46 was owed to RECCT12024'. £nill.
The Royal Enginèers Museum18 a conne¢lod ¢harfty to the Institution of Royal Engineers and
shares the same charter and Trustees. During tho yegr Ihg Institution of Royal Engineers paid thè
Royal Engineers Museum grants lolalling £65,81712024- £71,894}, and no sundry recharges. As
0131 December 2025 no balance wa8 owed to the Royal Engin&ers Mus6um12024'. £nill.
Thè Royal Engln•ers Museum reimbursed £482,73912024- £477,262) lo the Institution ol Roy81
Englnèers relat1ng to salaries and pensions charges. AS of 31 December 2025, no bal8neè was
owed by the Royal Englneers Museum12024.' £nil).
Colond Richard Bouka Hawkins MBE ADC, Trustee of the Royal Englneers Museum is also a
Tru8lep of the Royal Engineers Association IREAI for which Iransactlons have taken place durlng
the year. Duriny thè year. the REA paid Ihe Royal Engineers Museum grants lolalllng £50,000 and
£8,54912024- £50,000 and £8613}. As Df 31 DeG8mbeT 2025, no balance was owed by tho REA
12024. £nil}.
Colonel Richard Bouke Hawkins MBE ADC, Trustee of the Royal Engineers Museum is also a
Trustee of the Royal Engineers Headquarter Me$$ IRE HQ Mess) for which transactions have
taken place during the year. During the year the RE HQ Me85 made no payments {2024 - £2551 to
the Royal Engineers Museum. A3 of 31 December 2025 no balance was owed by RE HQ Mess
12024 £nlll.
47