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|Contents|Page|
|---|---|
|Trustees’report|1-7|
|Referenceandadministrativedetailsofthecharity,itstrusteesandadvisers|8-9|
|Independentauditor'sreport|10-13|
|Statementoffinancialactivities|14|
|Balancesheet|15|
|Statementofcashflows|16|
|Notestothefinancialstatements|17-28|





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|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|<br>ElliottMBE*|May2021|
|Elected||||
|ColonelDGrayVR|2018|||
|MajorBEdwards|2017||Completionoftenure2022|
|MajorHMMStamp|2020|||
|WO1<br>PDEgan|2017||Completionoftenure2022|
|StaffSergeantDMStones|2017||Completionoftenure2022|
|Co-opted||||
|MajorGeneralRAMSMelvinCBOBE|2016|||
|LieutenantColonelSFScullion|2016|||
|ChiefExecutive||||
|MrJDAcornley*|2019|||
|Treasurer||||
|Major(Retired)<br>|Sidebottom*|2013|||
|NB*indicatesMembersofFAC||||
|CharityRegisteredNumber||||
|249882||||





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|||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|<br>|<br> <br>526,292|<br> <br>-|<br> <br>526,292|<br> <br>481,287|
|Expenditureon:||||||
|RaisingFunds|7|4,004|-|4,004|14,515|
|CharitableActivities|9|555,229|-|555,229|553,110|
|Totalexpenditure|<br>|<br> <br>559,233|<br> <br>-|<br> <br>559,233|<br> <br>567,625|
|Netexpenditurebeforerevaluations||(32,941)|-|(32,941)|(86,338)|
|(Losses)/Gainsonrevaluationsof|29|(160,704)|-|(160,704)|97.205|
|investmentassets||||||
|Netmovementinfundsfortheyear||<br>(193,645)|<br>-|<br>(193,645)|<br>10,867|
|Totalfundsat1January2022||1,190,155|572,933|1,763,088|1,752,221|
|Totalfundsat31December2022|<br>|<br>996,510<br>|<br>572,933<br>|<br>1,569,443<br>|<br>1,763,088<br>|





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|||Note|2022|2021|
|---|---|---|---|---|
||||£|£|
|Netcashusedinoperatingactivities|29||(27,323)|(149,339)|
|Cashflowsfrominvestingactivities|||||
|Interestanddividends<br>Purchaseoftangiblefixedassets|||37,919<br>-|36,553<br>(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|





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||||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|1,637|
||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|





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## 

|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)|<br> <br>35,455<br>222,655|<br> <br>83,894<br>332,574|<br> <br>119,349<br>555,229|<br> <br>112,272<br>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|





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|||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|<br>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<br>10,535|





|||Total|Total|
|---|---|---|---|
|||Funds|Funds|
|||2022|2021|
|18|<br>ProfessionalRegistration|||
|||£|£|
||Directcosts|||
||Registration&Marketing|35,455|34,560|
|||<br>35,455|<br>34,560|
||<br>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|
||<br>|<br> <br>83,894|<br> <br>77,712|
|||119,349|112,272|
|19|<br> <br>Netincome/expenditure|||
||Thisisstatedaftercharging:|||
||Depreciationoftangiblefixedassets:|||
||-ownedbythecharity|5,367|5,505|
||<br>Auditor'sremuneration|<br>3,600|<br>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|
|<br>|<br> <br>250,296|<br> <br>242,271|
|Theaveragemonthlynumberofemployeesduringtheyearwasasfollows:|||
||No.|No.|
|Publications|2|2|
|Managementandadministrationofthecharity|5|5|
|<br>|<br> <br>7|<br> <br>7|



## 

|Thetotalemployment|benefitsincludingemployerpensioncontributionsofthekeymanagementpersonnel|benefitsincludingemployerpensioncontributionsofthekeymanagementpersonnel||
|---|---|---|---|
|were£74,141<br>(2021:|£71,270).|||
|Thenumberofemployeeswhosebenefits(excludingemployerpension||||
|costs)exceeded£60,000was:||2022|2021|
|||No|No|
|Intheband£60,001|-£70,000|1|1|





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|21|Tangiblefixedassets||||
|---|---|---|---|---|
|||General,IT|Restricted|Total|
|||andOfficeequipment|Artefacts||
|||£|£|£|
||Cost||||
||At<br>1January2022|121,039|572,933|693,972|
||At31December2022|<br> <br>121,039|<br> <br>572,933|<br> <br>693,972|
||Depreciation||||
||At1January2022|(99,398)|-|(99,398)|
||Chargefortheyear|(5,367)|-|(5,367)|
||At31December2022|<br> <br>(104,765)|<br> <br>-|<br> <br>(104,765)|
||Netbookvalue||||
||At31December2022|<br>16,274|<br>572,933|<br>589,207|
||At31December2021|<br>21,641|<br>572,933|<br>594574|
|22|Fixedassetinvestments||||
|||General|Memorials|Total|
|||Fund|Fund||
|||£|£|£|
||Marketvalue||||
||At<br>1January2022|1,117,583|34,625|1,152,208|
||Revaluations|(155,875)|(4,829)|(160,704)|
||At31December2022|<br> <br>961,708|<br> <br>29,796|<br> <br>991,504|
||Historicalcost|<br>452,161|<br>13,811|<br>465,972|
||Investmentsatmarketvaluecomprise:||2022|2021|
||||£|E|
||Listedinvestments||991,504|1,152,208|



## 



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|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)|
|||<br>(29,348)|<br>112,009|<br>(55,423)|<br>”|<br>(4,829)|<br>22,409|
||<br>Generalfunds|||||||
||Generalfund|1,219,503|414,283|(503,810)|-|(155,875)|974,101|
||<br> <br>TotalUnrestrictedfunds|<br> <br>1,190,155|<br> <br>526,292|<br> <br>(559,233)|<br> <br>:|<br> <br>(160,704)|<br> <br>996,510|
||Restrictedfunds|||||||
||InstitutionArtefacts|572,933|-|-|-|-|572,933|
||<br> <br>Totaloffunds|<br> <br>1,763,088|<br> <br>526,292|<br> <br>(559,233)|<br> <br>-|<br> <br>(160,704)|<br> <br>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)|
|||<br>(46,600)|<br>62,574|<br>(51,243)|<br>3,000|<br>2,921|<br>(29,348)|
||<br>Generalfunds|||||||
||Generalfund|1,238,588|406,013|(516,382)|(3,000)|94,284|1,219,503|
||<br> <br>TotalUnrestrictedfunds|<br> <br>1,191,988|<br> <br>468,587|<br> <br>(567,625)|<br> <br>-|<br> <br>97,205|<br> <br>1,190,155|
||Restrictedfunds|||||||
||InstitutionArtefacts|560,233|12,700|-|-|-|572,933|
||<br>Totaloffunds<br>|<br>1,752,221<br>|<br>481,287<br>|<br>(567,625)<br>|<br>-<br>|<br>97,205<br>|<br>1,763,088<br>|





## 

|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)|
|||<br>996,510|<br>572,933|<br>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)|
|||<br>1,190,155|<br>572,933|<br>1,763,088|



## 

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|Reconciliationofnetmovementinfundstonet<br>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)|