## |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|diture
by|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|s to net||| |---|---|---|---| |||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|