| Contents | Page |
|---|---|
| Trustees’report | 1-7 |
| Referenceandadministrativedetailsofthecharity,itstrusteesandadvisers | 8-9 |
| Independentauditor'sreport | 10-13 |
| Statementoffinancialactivities | 14 |
| Balancesheet | 15 |
| Statementofcashflows | 16 |
| Notestothefinancialstatements | 17-28 |
| MajorGeneralNJCavanaghCB | 2018 | ||
|---|---|---|---|
| VicePresidents | |||
| MajorGeneralDWSouthallCBE | 2020 | ||
| BrigadierRCBrown | 2019 | ||
| BrigadierPJRowellMBE | 2019 | Completionoftenure2022 | |
| BrigadierGJBoxallMBE | 2022 | ElectedatAGM2022 | |
| ColonelJLPrichard* | 2020 | ||
| Members | |||
| ExOfficio | |||
| Comd8EngrBde | Brigadier | DJBickersMBE | September2021 |
| Comd25(CS)Engr Gp | ColonelSWDavies | Completionoftenure2022 | |
| ColonelJDWebster | May2022 | ||
| DepHdPlansNCGIandCRE(Geo) | ColonelRMBlunt | Completionoftenure2022 | |
| ColonelPMHammett | February2022 | ||
| CorpsColonel | ColonelMQuareMBEADC | Completionoftenure2022 | |
| ColonelRBHawkinsMBEADC | November2022 | ||
| CorpsSergeantMajor | WO1MD | ElliottMBE* |
May2021 |
| Elected | |||
| ColonelDGrayVR | 2018 | ||
| MajorBEdwards | 2017 | Completionoftenure2022 | |
| MajorHMMStamp | 2020 | ||
| WO1 PDEgan |
2017 | Completionoftenure2022 | |
| StaffSergeantDMStones | 2017 | Completionoftenure2022 | |
| Co-opted | |||
| MajorGeneralRAMSMelvinCBOBE | 2016 | ||
| LieutenantColonelSFScullion | 2016 | ||
| ChiefExecutive | |||
| MrJDAcornley* | 2019 | ||
| Treasurer | |||
| Major(Retired) |
Sidebottom* | 2013 | |
| NB*indicatesMembersofFAC | |||
| CharityRegisteredNumber | |||
| 249882 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| Note | 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | ||
| Incomeandendowmentsfrom: | |||||
| DonationsandLegacies | 3 | 480,616 | - | 480,616 | 436,794 |
| OtherTradingActivities | 7 | 1,558 | - | 1,558 | 2,253 |
| Investments | 8 | 37,919 | - | 37,919 | 36,553 |
| CharitableActivities | 15/16 | 6,199 | - | 6,199 | 5,687 |
| Totalincome | 526,292 |
- |
526,292 |
481,287 |
|
| Expenditureon: | |||||
| RaisingFunds | 7 | 4,004 | - | 4,004 | 14,515 |
| CharitableActivities | 9 | 555,229 | - | 555,229 | 553,110 |
| Totalexpenditure | 559,233 |
- |
559,233 |
567,625 |
|
| Netexpenditurebeforerevaluations | (32,941) | - | (32,941) | (86,338) | |
| (Losses)/Gainsonrevaluationsof | 29 | (160,704) | - | (160,704) | 97.205 |
| investmentassets | |||||
| Netmovementinfundsfortheyear | (193,645) |
- |
(193,645) |
10,867 |
|
| Totalfundsat1January2022 | 1,190,155 | 572,933 | 1,763,088 | 1,752,221 | |
| Totalfundsat31December2022 | 996,510 |
572,933 |
1,569,443 |
1,763,088 |
| Note | 2022 | 2021 | ||
|---|---|---|---|---|
| £ | £ | |||
| Netcashusedinoperatingactivities | 29 | (27,323) | (149,339) | |
| Cashflowsfrominvestingactivities | ||||
| Interestanddividends Purchaseoftangiblefixedassets |
37,919 - |
36,553 (13,611) |
||
| Cashprovidedby(usedin)investingactivities | 37,919 | 22,942 | ||
| Cashusedinfinancingactivities | ||||
| Increase(decrease)incashandcash | ||||
| equivalentsintheyear | 10,596 | (127,483) | ||
| Cashandcashequivalentsatthebeginningoftheyear | 22,270 | 149,753 | ||
| Totalcashandcashequivalentsattheendoftheyear | 32,866 | 22,270 | ||
| Analysisofchangesinnetdebt | ||||
| At1 | Jan | At31Dec | ||
| 2022 | Cashflows | 2022 | ||
| £ | £ | £ | ||
| Cashandcashequivalents | ||||
| Cash | 22,270 | 10,596 | 32,866 |
| Total | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2022 | 2021 | |||
| 3 | DonationsandLegacies | |||
| £ | £ | |||
| Subscriptions | (Note4) | 346,101 | 338,891 | |
| Grants | (Note5) | 3,500 | 3,120 | |
| Registrationfees | 73,812 | 27,266 | ||
| Donations | 308 | 452 | ||
| Donatedassets | - | 12,700 | ||
| Donatedservicesandfacilities | (Note6) | 56,895 | 54,365 | |
| 480,616 | 436,794 |
| £ | £ | ||
|---|---|---|---|
| Regularofficers | 138,497 | 137,242 | |
| Othermembers | 66,934 | 80,011 | |
| Servingsoldiers | 81,443 | 54,863 | |
| MembersoftheReserve | 632 | 10,508 | |
| Taxrefund | 16,186 | 17,094 | |
| Fellowship | 7,900 | 7,050 | |
| EngTech | 30,954 | 29,079 | |
| Eng | 2,075 | ||
| CEng | 1,480 | 1,407 | |
| 346,101 | 338,891 | ||
| SupportCosts | |||
| Audit | 1,044 | 835 | |
| Insurance | 271 | 286 | |
| Administration | 1,930 | 1,739 | |
| Depreciation | 174 | 2,269 | |
| Postandtelephone | 1,940 | 1,729 | |
| Donatedservicessupportcosts | 8,729 | 8,390 | |
| Staffcosts | 69,254 | 69,799 | |
| 83,342 | 85,047 | ||
| 262,759 | 253,844 | ||
| 5 | Grants | ||
| £ | £ | ||
| OfficerCadetprizefund | 3,500 | 3,120 |
| Total | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| 6 | Donatedservicesandfacilities | ||
| £ | |||
| Gas | 1,783 | 1,747 | |
| Electricity | 2,103 | 2,066 | |
| Waterandsewage | 849 | 836 | |
| Communitycharge | 5,686 | 5,574 | |
| Administrativeutilities | 1,460 | 1,433 | |
| Administrativesalaries | 45,014 | 42,709 | |
| 56,895 | 54,365 |
| 7 | TradingActivities | ||
|---|---|---|---|
| £ | |||
| Income | |||
| Publicationsales | 1,558 | 2,253 | |
| £ | |||
| Expenditure | |||
| CorpsHistory | 4,004 | 14,515 |
| InvestmentIncome | ||
|---|---|---|
| £ | ||
| Dividends | 36,778 | 35,440 |
| Dividends-MemorialFund | 1,139 | 1,098 |
| Bankinterest | 2 | 15 |
| 37,919 | 36,553 |
| AnalysisofExpenditureby | activities | ||||
|---|---|---|---|---|---|
| . | Support | ||||
| DincetEOSIS | costs | Totalfunds | Totalfunds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| Subscriptions | (Note4) | - | 83,342 | 83,342 | 85,047 |
| Publications | (Note10) | 53,104 | 68,257 | 121,361 | 120,753 |
| MaintainMemorials | (Note11) | 1,068 | 10,526 | 11,594 | 10,131 |
| ProfessionalEffectiveness | (Note12) | 17,282 | 10,624 | 27,906 | 12,037 |
| Grantmaking | (Note13) | 91,267 | 19,145 | 110,412 | 146,209 |
| Digitisation | (Note14) | 8,373 | 42,875 | 51,248 | 41,193 |
| NapierHouse | (Note15) | 923 | 7,972 | 8,895 | 8,380 |
| REHistoricalSociety | (Note16) | 2,435 | 5,939 | 8,374 | 6,552 |
| Awards | (Note17) | 12,748 | - | 12,748 | 10,535 |
| ProfessionalRegistration | (Note18) | 35,455 222,655 |
83,894 332,574 |
119,349 555,229 |
112,272 553,110 |
| 10 | Publications | ||
|---|---|---|---|
| £ | £ | ||
| Directcosts | |||
| Distributioncosts | 27,186 | 26,982 | |
| Publications | 25,918 | 24,811 | |
| 53,104 | 51,793 | ||
| Supportcosts | |||
| Audit | 1,044 | 835 | |
| Administration | 1,159 | 781 | |
| Insurance | 271 | 286 | |
| Postandtelephone | 728 | 648 | |
| Computersupportcosts | 5,244 | 6,721 | |
| Staffcosts | 49,677 | 49,714 | |
| Donatedservicesupportcosts | 7,209 | 6,913 | |
| Depreciation | 2,925 | 3,062 | |
| 68,257 | 68,960 | ||
| 121,361 | 120,753 | ||
| 11 | MaintainMemorials | ||
| £ | £ | ||
| Directcosts | |||
| Activities | 1,068 | - | |
| 1,068 | |||
| Supportcosts | |||
| Audit | 180 | 144 | |
| Administration | 80 | 94 | |
| Postandtelephone | 49 | - | |
| Insurance | 291 | 306 | |
| Staffcosts | 4,380 | 4,306 | |
| Donatedservicesupportcosts | 5,546 | 5,281 | |
| 10,526 | 10,131 | ||
| 11,594 | 10,131 |
| Total | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| 12 | ProfessionalEffectiveness | ||
| £ | £ | ||
| Directcosts | |||
| RUSI/InstConference | 6,000 | - | |
| JPMs | 5,149 | 1,530 | |
| FellowEvent | 4,246 | - | |
| FocussesSymposium | 751 | - | |
| SponsoredSymposia | 680 | 131 | |
| OtherinYearOpportunities | 456 | 255 | |
| RefundPreviousyear | - | (450) | |
| 17,282 | 1,466 | ||
| SupportCosts | |||
| Insurance | 116 | 123 | |
| Postandtelephone | 49 | 43 | |
| WolfeSocietySubscription | 6 | - | |
| Staffcosts | 4,907 | 5,124 | |
| Donatedservicesupportcosts | 5,546 | 5,281 | |
| ; | 10,624 | 10,571 | |
| 27,906 | 12,037 | ||
| 13 | GrantMaking | ||
| £ | £ | ||
| Directcosts | |||
| REMuseumfund | 32,379 | 31,744 | |
| RELibraryfund | 29,638 | 29,057 | |
| MuseumTransformationProject | - | 35,000 | |
| CommsHubGrant | 24,250 | 26,250 | |
| REAwardsDinner | 5,000 | 6,000 | |
| 91,267 | 128,051 | ||
| Supportcosts | |||
| Insurance | 232 | 245 | |
| Postandtelephone | 146 | 130 | |
| Staffcosts | 8,271 | 7,805 | |
| Donatedservicesupportcosts | 10,496 | 9,978 | |
| 19,145 | 18,158 | ||
| 110,412 | 146,209 | ||
| 14 | Digitisation | ||
| £ | £ | ||
| Directcosts | |||
| ITcosts | 8,373 | 3,313 | |
| Supportcosts | |||
| Audit | 180 | 144 | |
| Insurance | 116 | 123 | |
| Postandtelephone | 48 | 43 | |
| Staffcosts | 36,985 | 33,785 | |
| Donatedservicesupportcosts | 5,546 | 5,281 | |
| RefundPreviousyear | - | (1,495) | |
| 42,875 | 37,880 | ||
| 51,248 | 41,193 |
| Total | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| 15 | NapierHouse |
||
| Incomefromcharitableactivities | |||
| RentalIncome | 3,650 | 3,600 | |
| Directcosts | |||
| Maintenance | 923 | 2,679 | |
| Supportcosts | |||
| Audit | 180 | 144 | |
| Administration | 81 | 50 | |
| Insurance | 291 | 306 | |
| Postandtelephone | 49 | 43 | |
| Donatedservicesupportcosts | 4,952 | 4,698 | |
| Staffcosts | 150 | 285 | |
| Depreciation | 2,269 | 174 | |
| 7,972 | 5,701 | ||
| 8,895 | 8,380 | ||
| 16 | REHistoricalSociety | ||
| Incomefromcharitableactivities | |||
| Membership | 2,549 | 2,087 | |
| Directcosts | |||
| Publications | 2,435 | 361 | |
| SupportCosts | |||
| Audit | 108 | 86 | |
| Administration | 23 | 23 | |
| Insurance | 58 | 61 | |
| Postandtelephone | 146 | 130 | |
| Staffcosts | 5,010 | 5,307 | |
| Donatedservicesupportcosts | 594 | 583 | |
| 5,939 | 6,191 | ||
| 8,374 | 6,552 | ||
| 17 | Awards | ||
| £ | £ | ||
| Medals | 3,018 | 1,848 | |
| Prizes | 9,730 | 9,212 | |
| RefundPreviousyear | 12,748 | 525 10,535 |
| Total | Total | ||
|---|---|---|---|
| Funds | Funds | ||
| 2022 | 2021 | ||
| 18 | ProfessionalRegistration |
||
| £ | £ | ||
| Directcosts | |||
| Registration&Marketing | 35,455 | 34,560 | |
35,455 |
34,560 |
||
Supportcosts |
|||
| Audit | 864 | 691 | |
| Administration | 1,101 | 1,095 | |
| Insurance | 291 | 306 | |
| Postandtelephone | 1,698 | 1,513 | |
| Donatedservicesupportcosts | 8,278 | 7,962 | |
| Staffcosts | 71,662 | 66,145 | |
83,894 |
77,712 |
||
| 119,349 | 112,272 | ||
| 19 | Netincome/expenditure |
||
| Thisisstatedaftercharging: | |||
| Depreciationoftangiblefixedassets: | |||
| -ownedbythecharity | 5,367 | 5,505 | |
Auditor'sremuneration |
3,600 |
2,880 |
|
| Duringtheyear,noTrusteesreceivedanyremuneration(2021:£NIL). | |||
| Duringtheyear,noTrusteesreceivedanybenefitsinkind(2021:ENIL). | |||
| Duringtheyear,noTrusteesreceivedanyreimbursementofexpenses(2021:£NIL). |
| Staffcostswereasfollows: | ||
|---|---|---|
| £ | £ | |
| Wagesandsalaries | 213,834 | 206,456 |
| NationalInsurance | 18,403 | 18,910 |
| Pensioncosts | 18,059 | 16,905 |
250,296 |
242,271 |
|
| Theaveragemonthlynumberofemployeesduringtheyearwasasfollows: | ||
| No. | No. | |
| Publications | 2 | 2 |
| Managementandadministrationofthecharity | 5 | 5 |
7 |
7 |
| Thetotalemployment | benefitsincludingemployerpensioncontributionsofthekeymanagementpersonnel | benefitsincludingemployerpensioncontributionsofthekeymanagementpersonnel | |
|---|---|---|---|
| were£74,141 (2021: |
£71,270). | ||
| Thenumberofemployeeswhosebenefits(excludingemployerpension | |||
| costs)exceeded£60,000was: | 2022 | 2021 | |
| No | No | ||
| Intheband£60,001 | -£70,000 | 1 | 1 |
| 21 | Tangiblefixedassets | |||
|---|---|---|---|---|
| General,IT | Restricted | Total | ||
| andOfficeequipment | Artefacts | |||
| £ | £ | £ | ||
| Cost | ||||
| At 1January2022 |
121,039 | 572,933 | 693,972 | |
| At31December2022 | 121,039 |
572,933 |
693,972 |
|
| Depreciation | ||||
| At1January2022 | (99,398) | - | (99,398) | |
| Chargefortheyear | (5,367) | - | (5,367) | |
| At31December2022 | (104,765) |
- |
(104,765) |
|
| Netbookvalue | ||||
| At31December2022 | 16,274 |
572,933 |
589,207 |
|
| At31December2021 | 21,641 |
572,933 |
594574 |
|
| 22 | Fixedassetinvestments | |||
| General | Memorials | Total | ||
| Fund | Fund | |||
| £ | £ | £ | ||
| Marketvalue | ||||
| At 1January2022 |
1,117,583 | 34,625 | 1,152,208 | |
| Revaluations | (155,875) | (4,829) | (160,704) | |
| At31December2022 | 961,708 |
29,796 |
991,504 |
|
| Historicalcost | 452,161 |
13,811 |
465,972 |
|
| Investmentsatmarketvaluecomprise: | 2022 | 2021 | ||
| £ | E | |||
| Listedinvestments | 991,504 | 1,152,208 |
| 23 | Debtors | ||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| £ | £ | ||||||
| JPASubscriptions | 16,228 | 16,059 | |||||
| BlackRock | 9,652 | 9,192 | |||||
| 25,880 | 25,251 | ||||||
| 24 | Creditors: | ||||||
| Amountsfallingduewithin | oneyear | ||||||
| 2022 | 2021 | ||||||
| £ | £ | ||||||
| Othercreditors | 66,414 | 28,335 | |||||
| Accrualsanddeferredincome | 3,600 | 2,880 | |||||
| 70,014 | 31,215 | ||||||
| 25 | Statementoffunds | ||||||
| CurrentYear | Brought | Income | Expenditure’ | Transfers | Gains/ | Carried | |
| Forward | infjout' | (Losses) | Forward | ||||
| £ | £ | £ | £ | £ | £ | ||
| Designatedfunds | |||||||
| MemorialsFund | (57,108) | 1,139 | (11,594) | - | (4,829) | (72,392) | |
| ProfessionalRegistration | 42,466 | 108,321 | (35,455) | - | - | 115,332 | |
| REHistoricalSociety | (14,706) | 2,549 | (8,374) | - | - | (20,531) | |
(29,348) |
112,009 |
(55,423) |
” |
(4,829) |
22,409 |
||
Generalfunds |
|||||||
| Generalfund | 1,219,503 | 414,283 | (503,810) | - | (155,875) | 974,101 | |
TotalUnrestrictedfunds |
1,190,155 |
526,292 |
(559,233) |
: |
(160,704) |
996,510 |
|
| Restrictedfunds | |||||||
| InstitutionArtefacts | 572,933 | - | - | - | - | 572,933 | |
Totaloffunds |
1,763,088 |
526,292 |
(559,233) |
- |
(160,704) |
1,569,443 |
|
| PriorYear | Brought | Income | Expenditure | Transfers | Gains/ | Carried | |
| Forward | in/out | (Losses) | Forward | ||||
| £ | £ | £ | £ | £ | £ | ||
| Designatedfunds | |||||||
| MemorialsFund | (50,996) | 1,098 | (10,131) | - | 2,921 | (57,108) | |
| ProfessionalRegistration | 17,637 | 59,389 | (34,560) | - | - | 42,466 | |
| REHistoricalSociety | (13,241) | 2,087 | (6,552) | 3,000 | - | (14,706) | |
(46,600) |
62,574 |
(51,243) |
3,000 |
2,921 |
(29,348) |
||
Generalfunds |
|||||||
| Generalfund | 1,238,588 | 406,013 | (516,382) | (3,000) | 94,284 | 1,219,503 | |
TotalUnrestrictedfunds |
1,191,988 |
468,587 |
(567,625) |
- |
97,205 |
1,190,155 |
|
| Restrictedfunds | |||||||
| InstitutionArtefacts | 560,233 | 12,700 | - | - | - | 572,933 | |
Totaloffunds |
1,752,221 |
481,287 |
(567,625) |
- |
97,205 |
1,763,088 |
| 26 | Analysisofnetassetsbetweenfunds | |||
|---|---|---|---|---|
| CurrentYear | Unrestricted | Restricted | Total | |
| funds | funds | funds | ||
| 2022 | 2022 | 2022 | ||
| £ | £ | £ | ||
| Tangiblefixedassets | 16,274 | 572,933 | 589,207 | |
| Fixedassetinvestments | 991,504 | - | 991,504 | |
| Currentassets | 58,746 | - | 58,746 | |
| Creditorsduewithinoneyear | (70,014) | - | (70,014) | |
996,510 |
572,933 |
1,569,443 |
||
| PriorYear | Unrestricted | Restricted | Total | |
| funds | funds | funds | ||
| 2021 | 2021 | 2021 | ||
| £ | £ | £ | ||
| Tangiblefixedassets | 21,641 | 572,933 | 594,574 | |
| Fixedassetinvestments | 1,152,208 | - | 1,152,208 | |
| Currentassets | 47,521 | - | 47,521 | |
| Creditorsduewithinoneyear | (31,215) | - | (31,215) | |
1,190,155 |
572,933 |
1,763,088 |
| Reconciliationofnetmovementinfundstonet cashflowfromoperatingactivities |
||
|---|---|---|
| Total | Total | |
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| Netmovementinfunds | (193,645) | 10,867 |
| Addbackdepreciationcharge | 5,367 | 5,505 |
| Deductinterestincomeshownininvestingactivities | (37,919) | (36,553) |
| Deductgains/addbacklossesoninvestments | 160,704 | (97,205) |
| (Increase)/decreaseindebtors | (629) | 543 |
| (Decrease)/increaseincreditors | 38,799 | (32,496) |
| Netcash usedinoperatingactivities | (27,323) | (149,339) |