2020-12-31-accounts - Institution Of Royal Engineers

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Contents				Page
Trustees' report				1-8
Reference and administrative		details ofthe charity, its trustees	and advisers	9-10
Independent auditor's	report			11-14
Statement of financiiall	activities
Balance sheet
Statement ofcash flows				17
Notes to the financial	statements			18-29

					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Note	2020	2020	2020	2019
Income and endowments	from:
Donations and Legacies Other Trading Activities Investments Charitable Activities				3 7 8 15/16	401,967 2,494 35,948 4,926		401,967 2,494 35,948 4,926	402,021 3,236 35,453 4,913
Total income					445,335		445,335	445,623
Expenditure on:
Raising Funds Charitable Activities				7 9	4,175 612,309		4,175 612,309	940 470,255
Total expenditure					616484		616,484	471 195
Net expenditure before revaluations					(171,149)		(171,149)	(25,572)
Gains on revaluations of investment			assets		49,406		49,406	125,929
Net movement in funds	for the year				(121,743)	-	(121,743)	100,357
Total funds at 1 January 2020					1,313,731	560,233	1,873,954	1,773,607
Total funds at 31 December		2020			1,191,988	560,233	1,752,221	1,873964
All activities relate to continuing		operations.

			Note	2020	2019
				E
Net cash used in operating activities			29	147,493	(70,449)
Cash flows from investing activities
Interest and dividends Purchase oftangible fixed assets				35,948 (3,187)	35,453 (37,156)
Cash provided by (used in) investing	activities			32,781	1,703
Cash used in financing activities
Increase (decrease) in cash and cash
equivalents in the year				(114,732	72,152
Cash and cash equivalents at the beginning		ofthe year		284,485	336,637
Total cash and cash equivalents at the end ofthe year				149,753	264,485

			Tote I	Tote I
			funds	funds
3	Donations and Legacies		2020	2019
	Legacies			100
	Subscriptions	(Note 4)	322,803	320,821
	Grants Registration fees Donations Donated assets Donated services and facilities	(Note 5) (Note 6)	3,000 20,583 5,130 50,451	2,000 16,887 305 12,400 49,508
			401,967	402,021

	Regular officers Other members Serving soldiers Members ofthe Reserve Tax refund Fellowship Eng Tech	132,641 78,066 51,801 12,404 13,948 7,523 23,434	126,575 76,670 50,076 12,051 30,450 4,163 18,861
	I Eng	1,518	1,097
	C Eng	1,468	878
	Support Costs	322,803	320,821
	Audit Insurance Administration Depreciation Post and telephone Donated services support costs Staff costs	759 301 506 174 1,232 7,897 55,651	696 327 1,919 223 879 7,782 57,563
		66,520	69,389
		256,283	251,432
5	Grants
	Officer Cadet prize fund	3,000	2,000
		3,000	2,000

rt	he year ended 31December 2020
		Total	Total
		funds	funds
8	Donated services and facilities	2020	2019
	Gas Electricity Water and sewage	1,734 2,042 824	1,722 2,107 812
	Community charge Administrative utilities Administrative salaries	5,519 1,403 38,929	5,465 1,403 37,999
		50,451	49,508
7	Trading Activities
	Income
	Publication sales	2,494	3,236
	Expenditure
	Corps History	2,049	67
	Follow the Sapper	2,100
	Miscellaneous publications	28	873
		4,175	940

8	Investment	Income
	Dividends Dividends - Memorial Bank interest		Fund	34,771 1,078 99	34,103 1,057 293
				35948	35,453

Analysis ofExpen	activities
		Activities
		undertaken	Support
		directly	costs	Totalfunds	Total funds
		2020	2020	2020	2019
				6	6
Subscriptions Publications	(Note 4) (Note 10)	51,862	66,520 77,353	66,520 129,215	69,389 105,836
Maintain Memonals Joint Professional Meeting Grant making Digitisation Napier House RE Historical Society Awards CPD/Registration/e-Learning	(Note 11) (Note 12) (Note13) (Note 14) (Note 15) (Note 16) (Note 17) (Note 18	20,357 154,167 46,450 2,569 928 18,506 41 185	9,638 10,147 17,964 10,541 7,321 6,548 70253	9,638 30,504 172,131 56,991 9,890 7,476 18,506 111,438	47,340 12,955 105,889 13,527 24,062 11,082 4,297 75,898
		336,024	276,284	612,309	470,255

10	Publications
	Activities undertaken	directly
	Distribution costs RE List RE Journal Supplement		28,292 19,055 4,515	22,765 4,634 3,552 4,800
	Supportcosts		51,862	35,761
	Audit		759	696
	Administration Insurance Post and telephone		1,371 301 462	2,839 327 330
	Computer support costs Staff costs Donated service support Depreciation	costs	5,374 57,587 6,471 5,028	3,849 51,023 6,367 4,644
			77,353	70,075
11	Maintain Memorials		129215	105836
	Activities
	Maintenance			38,220
	Supportcosts			38,220
	Audit Administration Insurance Staff costs Donated service support	costs	131 68 323 4,255 4,861	120 91 350 4,755 3,804
			9638	9 120
			9,638	47,340

orthe year ended 31D	ec	ember 2020
			Total	Total
			funds	funds
12Joint Professional	Meeting		2020	2019
Activities undertaken		directly
JPMs RUSI/Inst Conference Focus Groups			1,620 10,450 600	3,680
Fellow Event Defence Engineering	Lecture		4,627 3060
Support Costs			20357	3,680
Insurance			129	140
Post and telephone			31	22
Staff costs Donated service support costs			5,128 4,858	4,358 4,755
			10,147	9,275
13Grant Making			30504	12,955
Activities undertaken		directly
RE Museum fund RE Library fund Museum Transformation Comms Hub Grant REAwards Dinner		Project	31,122 50,795 40,000 26,250 6,000	30,511 52,381 6,000
Supportcosts			154,167	88,892
Insurance Post and telephone Staff costs Donated service support costs			258 92 8,474 9,140	280 88 7,715 8,935
			17964	16997
14 Digitisation			172131	105,889
Activities undertaken		directly
ITcosts			46,450	3,207
Support costs			46,450	3,207
Audit Insurance Post and telephone Staff costs Donated service support		costs	131 129 31 5,392 4,858	120 140 22 5,283 4,755
			10,541	10,320
			56991	13,527

or the year ended 31 Dece	mber 2020
		Total	Total
		funds	funds
		2020	2019
15 Napier House
Rental Income		3600	3,100
		3,600	3,100
Activities undertaken	directly
Gas service contract		374	394
Land rent		23	23
Maintenance		2,172	3,862
Renovations			12,544
Supportcosts		2,569	16,823
Audit		131	120
Administration		41	69
Insurance		323	350
Post and telephone		31	22
Donated service support Staff costs	costs	4,282 244	2,269 229
Depreciation		2,269	4,180
		7,321	7,239
		9,890	24,062
16 RE Historical Society
Membership Battlefield Study		1,326	1,370 443
Activities		1,326	1,813
Battlefield Tours Events Publications		928	1,719 2,302 828
Support Costs		928	4,849
Audit		78	72
Administration		34	256
Insurance		65	70
Post and telephone		93	66
Staff costs Donated service support	costs	5,702 576	5,174 575
		6,548	6,213
		7476	11062
17Awards
Medals Prizes		8,790 9,716	1,397 2,900
		18,506	4,297

												Total		Total
												Funds		Funds
18CPD/Registration/e-Learning												2020		2019
Activities undertaken directly
CPD Registration & Marketing CPD Travel &Subsistence												40,125 1 060		12,081 1 323
Supportcosts												41 185		13404
Audit Administration Insurance Post and telephone Donated service support costs Staff costs												628 337 323 1,078 7,508 60,379		576 513 350 769 7,402 52 884
												70,253		62494
19 Net income/expenditure											111438			75896
This is stated afier charging:
Depreciation oftangible fixed	assets:
- owned by the charity Auditor's remuneration												7,471 2617		7,136 2400
During the year, no Trustees received			any	remuneration				(2019:FNIL).
Dunng the year, no Trustees received			any	benefits			in kind (2019 FNIL).
20 Staff costs
Staff costs were as follows:
Wages and salaries Social security costs Other penwon costs											f 173,696 14,859 14,257			6 159,316 13,288 15,430
The average monthly number	of	employees		during			the year was as follows.				202,812			188034
Publications												No.		No.
Management and administration		ofthe	charity									2 4		2 4
The Secretary occupies Napier House The pension cost represents amounts contnbution scheme.			as part payable		of his conditions to the Corps of				ofemployment. Royal Engineers		Pension	Fund, a	defined
The total employment benefits were 673,193(2019:564,991)	including		employer			pension		contributions		ofthe	key management		personnel
The number ofemployees whose costs) exceeded 660,000was:		benefits (excluding					employer		pension			2020		2019
In the band 660,001 —670,000												No 1		No

							2020	2019
							5
Other creditors Accruals and deferred		income					61,095 2,616	15,079 2,400
							63,711	17,479
25 Statement offunds
Current Year			Brought	Income	Expenditure	Transfers	Gains/	Carried
Designated funds			Forwardf		8	in/out F	(Losses) 6	Forward
Memorials Fund Professional Registration RE Historical Society			(43,920) 11,819 (10,091)	1,077 47,003 1,326	(9,638) (41,185) (7,476)	3,000	1,485	(50,996) 17,637 (13,241)
General funds			42,192	49,406	58,299	3,000	1,485	46,600
General fund			1,355„923	395,929	(558,185)	(3,000)	47,921	1,238,588
Total Unrestricted	funds		1 313731	445 335	616,484		49,406	1 191988
Restricted funds
Institution Artefacts			560,233					560,233
Total of funds			1 873964	445,335	616,484		49,406	1,752„22'I
Prior Year			Brought	Income	Expenditure	Transfers	Gains/	Carried
Designated funds			Forward E			in/out	(Losses)	Forward 5
Memorials Fund Professional Registration RE Historical Society			(1,421) (12,500) (2,842)	1,057 37„723 1,813	(47,340) (13,404) (11,062)	2,000	3,784	(43,920) 11,819 (10,091)
General funds			16,763	40,593	71,806	2,000	3,784	42,192
General fund			1,242,537	392,630	(399,389)	(2,000)	122,145	1„355,923
Total Unrestricted	funds		1225 774	433,223	471,195		125929	1 313731
Restricted funds
Institution Artefacts			547,833	12,400				560,233
Total offunds			1 773607	445,623	471,195		125,929 1,873,964

tes to the financial statements rthe year ended 31December 2020
26 Analysis ofnet assets between funds
Current Year	Unrestricted	Restricted	Total
	funds	funds	funds
	2020	2020	2020
		K	f
Tangible fixed assets Fixed asset investments Current assets Creditors due within one year	26,235 1,055,003 174,461 (63,711)	560,233	586,468 1,055,003 174,461 (63,711)
	1191,988	560,233	1 752,221
Prior Year	Unrestricted	Restricted	Total
	funds	funds	funds
	2019	2019	2019
	5		6
Tangible fixed assets Fixed asset investments Current assets Creditors due within one year	30,519 1,005,597 295,094 (17,479)	560,233	590,752 1,005,597 295,094 (17,479)
	1,313,731	560,233	1 873,964

Reconciliation ofnet movement in fund cash flow from operating activities
	Total	Total
	funds	funds
	2020	2019
Net movement in funds Add back depreciation charge Deduct interest income shown in investing activities Deduct gains / add back losses on investments Increase / (decrease) in debtors (Decrease) / increase in creditors	(121,743) 7,471 (35,948) (49,406) 5,901 46,232	100,357 7,136 (35,453) (125,929) (6,932) (9,628)
Net cash used in operating activities	147,493	70449