2021-12-31-accounts - Royal Engineers Association

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				Page
Trustees' report				1 —12
Reference and administrative		details ofthe charity, its trustees	and advisers	13-14
Independent auditor's	report			15 —18
Statement offinancial	activities			19
Balance sheet				20
Statement ofcash flows				21
Notes to the financial	statements			22- 33

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Note	2021	2021	2021	2020
Income and endowments	from:
Donations 8 Legacies Other trading activities Investment income Other income		3 9 10 11	794,489 78,603 407,889 25,949	20,036	794,489 78,603 427,925 25,949	716,162 22,571 430,790 11,289
Total income			1 306,930	20 036	1,326966	1,180,812
Expenditure on:
Raising Funds Charitable activities		12 13	288 1,405,858	39,350	288 1,445,208	5,342 1,395,066
Total expenditure			1406,146	39350	1 445,496	1,400,408
Net expenditure before revaluations			(99,216)	(19,314)	(118,530)	(219,596)
Net gains on investments		19	1,086,496	53,270	1,139,766	580,026
Net movement in funds for year			987,280	33,956	1,021,236	360,430
Reconciliation offunds
Total funds at 1 January 2021			12,672,333	719,061	13,391,394	13,030,964
Total funds at 31 December	2021		13659,613	753017	14,412630	13,391,394

				Note	2021	2020
Net cash used in operating activities				27	702,283	665,396)
Cash flows from investing activities
interest and dividends Purchase oftangible fixed assets Movement on Branch Investments Disposal offixed asset investments					427,925 (4,340) (3,431) 250,000	430,790 (10,696) (5,634) 250,000
Cash provided by (used in) investing		activities			670,154	664,460
Increase/(decrease) in cash and cash
equivalents in the year					32,129	936
Cash and cash equivalents at the	beginning		ofthe year		662,117	663,053
Total cash and cash equivalents	at the end ofthe year				629,988	662,117
Analysis ofchanges in net debt
				At 31Jan		At 31 Dec
				2021	Cashflows	2021
Cash and cash equivalents
Cash				662,117	(32,129)	629,988

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
3	Donations	&Legacies
	Donations Legacies Grants Subscriptions Donated services and facilities		(Note 4) (Note 5) (Note 6) (Note 7) (Note 8)	91,649 211,462 2,500 406,164 82,714		91,649 211,462 2,500 406,164 82,714	125,847 125,000 2,500 384,193 78,622
				794,489		794,489	716 162

	General donations Donations from branches Tax refund Website donations Sapper Network		87,793 260 123 2,973 500	87,793 260 123 2,973 500	119,879 830 952 2,836 1,350
			91,649	91,649	125,847
5	Legacies
	Other legacies		211,462	211,462	125,000
6	Grants
	H&M Charitable Trust		2,500	2,500	2,500
7	Subscriptions and tax
	Membership		16,736	16,736	17,472
	Grant from RECCT (represents Pay Scheme subscriptions to	50%of Day's RECCT)		389,428	366,721
			406,164	406,164	384,193

the year ended 31 December 2021	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2021	2021	2021	2020
8 Donated services and facilities
Gas Electricity Water and sewage Community charge Utilities MOD salaries Administration salaries	1,770 2,093 847 5,574 1,451 28,270 42,709		1,770 2,093 &47 5,574 1,451 28,270 42,709	1,757 2,068 835 5,519 1,421 28,093 38,929
Total	82 714		82714	78,622
9 Other trading activities
Esprit de Corps income	78,603		78,603	22,571

Dividends —Armed Forces Charities Bank interest	Fund 407,877 12	20,023 13	427,900 25	430,686 104
	407 889	20,036	427,925	430,790
Of the total investment income received, of2427,925 (2020:f430,790),2407,889was to unrestricted funds (2020:F411,088) and F20,036was to restricted funds (2020:219,702).

Sundry	income	25,949	25,949	11,289
Raising	Funds
Recruiting		288	288	5,342

Charitable Activities
	Direct costs	Support costs	Total	Total
	2021	2021	2021	2020
Benevolence (Note 14) Esprit de Corps (Note 15)	K 600,049 509,152	140,590 195,417	740,639 704,569	F 611,151 783,915
	1 109,201	336007	1,445,208	1,395,066
F1,405,858 ofthe charitable activities expenditure was from unrestricted funds and 639,350was from restricted funds (2020:224,903).			(2020:E1,370,163)

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2021	2021	2021	2020
14	Benevolence grants and allowances
	Direct costs
	Grants Christmas grants Weekly allowances Army Benevolent Fund SSAFA Families Help Other charities Refund Grants previous years	216,556 9,305 121,810 220,000 (6,972)	39,350	255,906 9,305 121,810 220,000 (6,972)	273,359 11,503 125,767 50,000 20,000 (4,095)
	Support costs	560,699	39,350	600,049	476,534
	Committee &Travel costs	910		910	600
	Audit Fees & Subscriptions Insurance Administration Post &Telephone Depreciation Donated services support costs Donated services MOD salaries Staff costs	3,591 4,178 1,517 7,746 4,838 294 24,174 28,270 65,072		3,591 4,178 'l,517 7,746 4,838 294 24,174 28,270 65,072	3,576 3,773 1,435 4,344 2,340 294 22,173 28,093 67,989
		140,590		140,590	134,617
		701 289	39350	740,639	611,151

tes to the financial stateme r the year ended 31 Decem
	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2021	2021	2021	2020
15Esprit de Corps
Direct costs Corps activities Branch donations Branch activities Annual Conference	346,281 24,294 138,405 172		346,281 24,294 138,405 172	539,659 10,332 43,204 1,398
	509,152		509,152	594,593
Supportcosts Committee &Travel costs Audit Fees & Subscriptions Insurance Administration Post &telephone Depreciation Donated services support costs Staff Costs	3,638 3,591 4,178 1,517 8,344 4,838 5,583 30,272 133,456		3,638 3,591 4,178 1,517 8,344 4,838 5,583 30,272 133,456	2,399 3,576 3,773 1,435 4,803 2,340 5,583 28,356 137,057
	195,417		195,417	189,322
	704,569		704,569	783,915
16 Net Income I Expenditure
This is stated after charging:
Depreciation oftangible fixed assets: - owned by the charity Auditor's remuneration			5,876 7 182	5,877 7 152

Total	Total
funds	funds
2021	2020

					Total funds 2021	Total funds 2020
17	Staff costs
	Staff costs were as follows:
	Wages and salaries Social security costs Other pension costs				172,360 13,703 12,466	179,961 12,423 12,662
					198529	205,046
	The average monthly number ofemployees during		the year	was as follows:	No.	No.
	Management and administration	ofthe charity
	No employee received remuneration amounting to The total employment benefits including employer personnel were 657,578 (2020 - f58,190).		more than F60,000 in either pension contributions ofthe		year. key management

Tangible fixed assets
	Unrestricted Designated Fixtures & fittingsf	Unrestricted General Property	Unrestricted General Computer equipment	Total
Cost
At 1 January 2021	85,575	115,591	25 651	226 817
Additions	4,340			4,340
At 31 December 2021	89,915	115,591	25,651	231,157
Depreciation
At 1 January 2021	11,865	108,779	15,411	136,055
Charge for the year		2 323	3,553	5,876
At 31 December 2021	11,865	111,102	18,964	141,931
Net book value
At 31 December 2021	78050	4490	6685	89226
At 31 December 2020	73,710	6,813	10238	90762

20	Debtors
			2021	2020
				F
	Other debtors		316,791	137,441
	Prepayments	and accrued income	28,573	32,165
			345364	169,606
21	Creditors:
	Amounts falling due within one year
	Branch creditors		8,435	4,735
	Other creditors		36,405	26,051
			44,840	30,786

Current Year				Brought	Income	Expenditure	Transfers	Gains/	Carried
				Forward			in/out	(Losses)	Forward
					E		E
Designated funds
Branch funds				539,533	202,045	162,699			578,879
General funds
General funds				12,131,260	1,104,974	1,243,536		1,086,496	13,079,194
Total Unrestricted		funds		12,670,793	1,307,019	1,406,235		1,086,496	13,658,073
Restricted funds
Kitchener Scholarship			Fund	720,601	20,036	39,350		53,270	754,557
Total Restricted		Funds		720,601	20,036	39,350		53,270	754,557
Total offunds				13,391,394	1,327,055	1,445,585		1,139,766	14,412,630
Prior Year				Brought	Income	Expenditure	Transfers	Gains/	Carried
				Forward			in/out	(Losses)	Forward
							F	F	F
Designated funds
Branch funds				432,257	160,813	53,537			539,533
General funds
General funds				11,902,191	1,000,297	(1,321,968)	(2,211)	552,951	12,131,260
Total Unrestricted		funds		12,334,448	1,161,110	1,375,505	2,211	552,951	12,670,793
Restricted funds
Gabriel Fund				2,691		(7,460)	4,769
Kitchener Scholarship			Fund	693,825	19,702	17,443	2,558	27,075	720,601
Total Restricted	Funds			696,516	19,702	24,903	2,211	27,075	720,601
Total offunds				13,030,964	1,180,812	1,400,408		580026	13391394

Analysis ofnet assets between funds
Current Year	Unrestricted funds	Restricted funds	Total funds
	2021	2021	2021
		E	E
Tangible fixed assets Fixed asset investments Current assets	89,226 12,761,462 864,256	631,430 111,096	89,226 13,392,892 975,352
Creditors due within one year	(44,840)		(44,840)
	13,670,104	742,526	14,412,630

Prior Year	Prior Year	Unrestricted funds	Restricted funds	Total funds
		2020	2020	2020
		E	f.	E
Tangible fixed assets Fixed asset investments		90,762 11,923,675	576,020	90,762 12,499,695
Current	assets	687,142	144,581	831,723
Creditors	due within one year	(30,786)		(30,786)
		12,670,793	720,601	13,391,394