2021-12-31-accounts

Contents				Page
Trustees' report				1-8
Reference and administrative		details ofthe charity, its trustees	and advisers
Independent auditor's	report
Statement offinancial	activities			15
Balance sheet				16
Statement ofcash flows				17
Notes to the financial	statements			18-29

The Council	ofthe Institutio	n of Royal	Engineers w
President
Major General	N J Cavanagh	CB	2018
Vice Presidents
Major General	D W Southall	CBE	2020
Brigadier R C	Brown		2019
Brigadier PJ	Rowell MBE		2019
Colonel J L Prichard*			2020

Comd 8 Engr Bde Comd 25 (CS) Engr Gp Dep Hd Plans NCGI and CRE (Geo) Corps Colonel Corps Sergeant Major	Brigadier J E Fossey OBE Brigadier DJ Bickers MBE Colonel SW Davies Colonel R M Blunt Colonel M Quare MBE ADC WO1 P Clark WO1 M D Elliott MBE	Completion of tenure 2021 September 2021 July 2019 August 2019 September 2017 Completion oftenure 2021 May 2021

Corps Sergeant Ma Elected	jor	WO1 WO1
Colonel D Gray VR		2018
Major B Edwards		2017
Major H M M Stamp		2020
WO2 P D Egan		2017
Staff Sergeant D M	Stones	2017
Co-opted
Major General R A M S Melvin CBOBE		2016
Lieutenant Colonel S F Scullion		2016
Chief Executive
Mr J D Acornley*		2019
Treasurer
Major (Retired) I Sidebottom*		2013
NB * indicates Members of FAC
Charity Registered	Number
249882

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Note	2021	2021	2021	2020
Income and endowments	from:
Donations and Legacies Other Trading Activities Investments Charitable Activities			3 7 8 15/16	424,094 2,253 36,553 5,687	12,700	436,794 2,253 36,553 5,687	401,967 2,494 35,948 4,926
Total income				468,587	12,700	481,287	445,335
Expenditure on:
Raising Funds Charitable Activities				14,515 553,110		'I4,515 553,110	4,175 612,309
Total expenditure				567,625		567625	616,484
Net income / (expenditure)	before	revaluations		(99,038)	12,700	(86,338)	(171,149)
Gains on revaluations of investment		assets	22	97,205		97,205	49,406
Net movement in funds for	the year			(1,833)	12,700	10,867	(121,743)
Total funds at 1 January 2021				1,191,988	560,233	1,752,221	1,873,964
Total funds at 31 December	2021			1 190,155	572,933	1,763,088	1,752,221

as at 31 De	cember	2021
					2021		2020
			Note				E
Fixed assets
Tangible assets			21		594,574		586,468
Investments			22		1,152,208		1,055,003
					1,746,782		1,641,471
Current assets
Debtors			23	25,251		24,708
Cash at bank				22,270		149,753
				47,521		174,461
Creditors:	amounts	falling due within one year	24	(31,215)		(63,711)
Net current	assets				16,306		110,750
Net Assets					1 763088		1,752,221
Charity Funds
Restricted	funds		25		572,933		560,233
Unrestricted	funds		25		1,190,155		1,191,988
Total funds					1,763,088		1,752,221

					Note	2021	2020
Net cash used in operating activities					29	149,339)	(147,493
Cash flows from investing	activities
Interest and dividends Purchase of tangible fixed assets						36,553 (13,611)	35,948 (3,187)
Cash provided by (used in) investing			activities			22,942	32,761
Cash used in financing activities
Increase (decrease) in cash	and cash
equivalents in the year						127,483	(114,732)
Cash and cash equivalents	at the beginning			ofthe year		149,753	264,485
Total cash and cash equivalents		at the end ofthe year				22 270	149753
Analysis ofchanges in net	debt
					At 31Jan		At 31 Dec
					2021	Cashflows	2021
						F
Cash and cash equivalents
Cash					149,753	(127,483)	22,270

			Total	Total
			funds	funds
3	Donations and Legacies		2021	2020
	Subscriptions Grants Registration fees Donations Donated assets Donated services and facilities	(Note 4) (Note 5) (Note 6)	338,891 3,120 27,266 452 12,700 54,365	322,803 3,000 20,583 5,130 50,451
			436,794	401,967

	Regular officers Other members Serving soldiers Members ofthe Reserve Tax refund Fellowship Eng Tech	137,242 80,011 54,863 10,508 17,094 7,050 29,079	132,641 78,066 51,801 12,404 13,948 7,523 23,434
	I Eng	1,637	1,518
	C Eng	1,407	1,468
	Support Costs	338891	322,803
	Audit	835	759
	Insurance	286	301
	Administration Depreciation Post and telephone Donated services support costs Staff costs	1,739 2,269 1,729 8,390 69,799	506 174 1,232 7,897 55,651
		85047	66 520
		253,844	256,283
5	Grants
	Officer Cadet prize fund	3,120	3,000

es to the financial statements theearended 31 December 2021
y	Total	Total
	funds	funds
	2021	2020
6 Donated services and facilities
Gas Electricity Water and sewage Community charge Administrative utilities Administrative salaries	1,747 2,066 836 5,574 1,433 42,709	1,734 2,042 824 5,519 1,403 38,929
	54,365	50,451
7 Trading Activities
Income Publication sales	2,253	2,494
Expenditure Corps History Follow the Sapper Miscellaneous publications	14,515	2,049 2,100 26
	14,515	4,175

Dividends Dividends - Memorial Bank interest	Fund	35,440 1,098 15 36553	34,771 1,078 99 35,948

Analysis of	Expenditure by	activities
			Direct costs	Support costs	Total funds	Total funds
			2021	2021	2021	2020
Subscriptions Publications Maintain Memorials Professional Effectiveness Grant making Digitisation Napier House RE Historical Society Awards Professional Registration		(Note 4) (Note 10) (Note 11) (Note 12) (Note 13) (Note 14) (Note 15) (Note 16) (Note 17) (Note 18)	51,793 1,466 128,051 3,313 2,679 361 10,535 34,560 232,758	85,047 68,960 10,131 10,571 18,158 37,880 5,701 6,191 77,712 320,351	85,047 120,753 10,131 12,037 146,209 41,193 8,380 6,552 10,535 112,272 553,110	66,520 129,215 9,638 30,504 172,131 56,991 9,890 7,476 18,506 111,438 612,309

10	Publications
	Direct costs
	Distribution costs Publications	26,982 24,811	28,292 23,570
	Support costs	51,793	51,862
	Audit	835	759
	Administration Insurance Post and telephone	781 286 648	1,371 301 462
	Computer support costs Staff costs Donated service support costs Depreciation	6,721 49,714 6,913 3,062	5,374 57,587 6,471 5,028
		68,960	77,353
11	Maintain Memorials	120,753	129,215
	Support costs
	Audit	144	131
	Administration Insurance Staff costs Donated service support costs	94 306 4,306 5,281	68 323 4,255 4,861
		10131	9638

tes to the financial statemen thended31Decemb	ts er2021
r e year		Total	Total
		funds	funds
		2021	2020
12 Professional Effectiveness
Direct costs RUSI/Inst Conference JPM's Fellow Event Sponsored Symposia Other in Year Opportunities Refund Previous year		1,530 131 255 450 1 466	10,450 1,620 4,627 600 3,060 20,357
Support Costs Insurance Post and telephone Staff costs Donated service support costs		123 43 5,124 5,281	129 31 5,128 4,858
		10571	10,147
		12,037	30,504
13Grant Making
Direct costs RE Museum fund RE Library fund Museum Transformation Comms Hub Grant RE Awards Dinner	Project	31,744 29,057 35,000 26,250 6000 128051	31,122 50,795 40,000 26,250 6,000 154,167
Supportcosts Insurance Post and telephone Staff costs Donated service support	costs	245 130 7,805 9,978	258 92 8,474 9,140
		18,158	17,964
		146,209	172,131
14 Digitisation
Direct costs ITcosts		3,313	46,450
Support costs		144	131
Audit Insurance Post and telephone Staff costs Donated service support Refund Previous year	costs	123 43 33,785 5,281 1495 37880	129 31 5,392 4,858 10,541
		41,193	56,991

or the year ended 31 Dece	mber 2021
		Total	Total
		funds	funds
15 Napier House		2021	2020
Income from charitable	activities
Rental Income		3600	3,600
Direct costs
Maintenance		2,679	2,569
Support costs
Audit		144	131
Administration Insurance Post and telephone Donated service support Staff costs Depreciation	costs	50 306 43 4,698 285 174	41 323 31 4,282 244 2,269
		5,701	7,321
		8 380	9,890
16 RE Historical Society
Income from charitable	activities
Membership		2,087	1,326
Direct costs
Events Publications		361	928
Support Costs		361	928
Audit		86	78
Administration Insurance Post and telephone Staff costs Donated service support	costs	23 61 130 5,307 583	34 65 93 5,702 576
		6,191	6,548
		6,552	7,476
17Awards
Medals Prizes Refund Previous year		1,848 9,212 525	8,790 9,716
		10,535	18,506

tes to the financial stateme dd31Decem	nts ber2021
the year ene		Total	Total
		Funds	Funds
		2021	2020
18 Professional Registration
Direct costs Registration & Marketing Travel &Subsistence		34,560 34,560	40,125 1,060 41,185
Support costs		691	628
Audit Administration		1,095 306	337 323
Insurance Post and telephone Donated service support Staff costs	costs	1,513 7,962 66,145 77,712	1,078 7,508 60,379 70,253
		112,272	111,438
19 Net income/expenditure
This is stated after charging:
Depreciation of tangible - owned by Auditor's remuneration	fixed assets: the charity	5,505 2,880	7,471 2,617

Staff costs	Staff costs
Staff costs were as follows:
Wages and salaries Social security costs Other pension costs						206,456 18,910 16,905	173,696 14,859 14,257
						242,271	202,812
The average monthly	number	of	employees	during	the year was as follows:	No.	No.
						2	2
Publications Management and administration			of the charity			5

2	1 Tangible fixed assets
		General, IT	Restricted	Total
	Cost	and Office equipment	Artefactsf
	At 1 January 2021 Additions	120,128 911	560,233 12,700	680,361 13,611
	At 31 December 2021	121,039	572,933	693,972
	Depreciation
	At 1 January 2021 Charge for the year	(93,893) (5,505)		(93,893) (5,505)
	At 31 December 2021	99,398		99,398
	Net book value
	At 31 December 2021	21,641	572,933	594,574
	At 31 December 2020	30,519	560,233	590,752
22	Fixed asset investments
		General	Memorials	Total
		Fund	Fund
	Market value
	At 1 January 2021 Revaluations	1,023,299 94,284	31,704 2,921	1,055,003 97,205
	At 31 December 2021	1,117,583	34,625	1,152,208
	Historical cost	452,161	13,811	465,972
	Investments at market value comprise:		2021	2020
			F	E
	Listed investments		1,152,208	1,055,003

3	Debtors						2021	2020
							F	F
	JPA Subscriptions BlackRock						16,059 9,192	15,746 8,962
							25,251	24,708
24	Creditors:
	Amounts falling	due within	one year				2021	2020
								F
	Other creditors Accruals and deferred	income					28,335 2,880	61,095 2,616
							31,215	63,711
25	Statement offunds Current Year		Brought Forward	Income	Expenditure	Transfers in/out	Gains/ (Losses)	Carried Forward
			F		F	F	E	F
	Designated funds Memorials Fund Professional Registration RE Historical Society		(50,996) 17,637 (13,241)	1,098 59,389 2,087	(10,131) (34,560) (6,552)	3,000	2,921	(57,108) 42,466 (14,706)
			46,600	62,574	51,243	3,000	2,921	29,348
	General funds General fund		1,238,588	406,013	(516,382)	(3,000)	94,284	1,219,503
	Total Unrestricted funds		1,191,988	468,587	567,625		97,205	1,190,155
	Restricted funds Institution Artefacts		560,233	12,700				572,933
	Total offunds		1,752,221	481,287	567,625		97,205	1,763,088
	Prior Year		Brought Forward F	Income	Expenditure	Transfers in/out F	Gains/ (Losses) F	Carried Forward F
	Designated funds 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)
			42,192	49,406	58,299	3000	1,485	46,600
	General funds General fund		1,355,923	395,929	(558,185)	(3,000)	47,921	1,238,588
	Total Unrestricted funds		1,313,731	445,335	616,484		49,406	1,191,988
	Restricted funds Institution Artefacts		560,233					560,233
	Total of funds		1,873,964	445,335	616,484		49,406	1,752,221

Analysis of net assets between funds CY
urrent ear	Unrestricted	Restricted	Total
	funds	funds	funds
	2021	2021	2021
Tangible fixed assets Fixed asset investments Current assets Creditors due within one year	21,641 1,152,208 47,521 (31,215)	572,933	594,574 1,152,208 47,521 (31,215)
	1,190,155	572,933	1,763,088
Prior Year	Unrestricted	Restricted	Total
	funds	funds	funds
	2020	2020	2020
	E
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)
	1,191,988	560,233	1,752,221

Reconciliation of net movement in fund cash flow from operating activities	s to net
		Total	Total
		funds	funds
		2021	2020
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		10,867 5,505 (36,553) (97,205) 543 (32,496)	(121,743) 7,471 (35,948) (49,406) 5,901 46,232
Net cash used in operating activities		149339	147493