## |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|