CHRISTIAN EDUCATION MOVEMENT IA company limlted by guarant981 ANNUAL REPORT AND FINANCIAL STATEMENTS 31 AUGUST 2020 Company number.. 04192501 Charity number: 1086990 CHRISTIAN EDUCATION MOVEMENT IA company limited by guarantee) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Stephen Bolham lappolnted 161h January 20201 Ms S8rah Lane Cawle Mis Jane Chipperton Mrs Carole Gallant Mis Pamela Draycoll Ichaiil lappoinled Chair 15Ui October 20201 Mrs Julia Grov8 Mrs Lynda M8ddoth (appointed 15th Octob8r 20201 Mr Philip LeivefS (resigned a8 Chair 1511 Oclobei 20201 Ms Susan Leslie Mr Norman Rirhardson Mrs Suzanne Wilson-Hugins S8cretary Ms Zoe Keen5 harity Number 1086990 Company Number 04192501 Principal AddrÈ$s 516 lrnperial Court 12 Sovereign Road Birmingham 830 3FH Websites ww.christianeducatio ww.reloda uk WwN.naI￿. ra lob21.or We also wotk ¢losely wilh.. www.roolsonlheweb eom A¢Jditor8 ooper Parry Group Limited One Cenlial 8oulev3rd Blythe Valley 8usiness Park West MidlarKIs B90 8BG Bankers Lloyds Bank pl¢ 43 Irongate Derby DE1 3FT Solicitor5 Polhecary Wilham Weld 70 Sl Georges Square London SW1V 3RD Veale Wasl)orough Vizards Bamards Inn 86 Feller Lane London EC4A fjAD Anthony Collins Solkilors LLP 134 Edmund Street Birmingham B3 2ES CHRISTIAN EDUCATION MOVEMENT IA company litnited by guarantee) CONTENTS Page Trustee$, Report Independent Audil0rf8 Report 14- 15 Statement of Fina￿la1 Aclivities 16 Summary Income and Expenditur8 Account 17 Balan¢e Sheet 18 Statement of Cash Flows 19 Notes lo the accoun15 20-36 CHRISTIAN EDUCATION MOVEMENT IA company limited by guarantee) TRUSTEES, REPORT Year ended 31 August 2020 The members ol Ihe Board of Trustee5 present Iheii report together with th8 financial slalernenls of Christian Education Movement for the year ended 31 Augu5l 2020. The report ha5 been p￿pared in accordan￿ with Part 8 of the Charities Act 1993 and constitutes a direct015' report lor the purposes ol company legislation. The financial statements have been pr8paied in accordance w￿th the accounting poli￿65 Set out on pages 20 to 21 01 the tlached finanaal statemen15 and ¢omply with the charitable company'5 memorandum and artides of association, applicable laws and the requirements ol the Sta18rnent ol Recommended Practice on Awounting and Rewrting by Charities" IFRS1021 issued In 2015. Structure, governance 2nd management Christian Educ8tion ICE), as the ch81ity is generally known, is a company limited by guarantee (Cornpany Registration No. 04192501 England and Wales) with the forTnal title ol Christian Education Movement. It was incorporated on 2 April 2001 and was iegislered as a charity on 12 June 2001 Icharity Registration No. 10869901. In the event tsl the charity being wound up Tru8tse5 are reqUI￿d to contribute an amount not exceedillg £1. The conduct of its worf( is governed by a Memorandurn and Articles of Association. The charity brings together different tra¢Jitions ol service, one dating from 1803 when the National Sunday School Union was founded, IBRA which was four￿ed in 1882 and another, which cornes via the Student Chiislian Movement in Schools, from 1892. The Trustses. who are also the dirèctors for the purpos8 ol company law, who served during the y88r and up to the date of this port were. Mr Stephen Botham (appointed 16th January 20201 Ms Sarah Lane Cawte M15 Jane Chipperton Mrs Pamela Draycotl Ichaiil lappoinled 16th January 2020, appointed as Chair on 151h Octob81 20201 Mrs Carole Gallant (Treasurer) Mrs Julia Grove Mrs Lyr￿8 Maddock lappointed 15" October 20201 Mr Philip Le￿er$ (resigned 85 Chair on 15th October 20201 Ms Susan Le51ie Mi Norman Richardson M15 Suzanne Wl$on-Higglns The Board of Trustees are director5 of the charitable company lor the purposes of company legislation and Truslees for thè purposes ol Charity legislation. The Board 8ppoints the Chair. Vice-chair (vacanlposition) and Treasurer ol Christian Educabon. The Board is ultimately responsib18 foi the charity and m881s on a regular b85is Ifoui limes in 2019-20, one ol these a residential meeting- but du8 to COVID all meeting5 have been virtuall to review developments and make decision5 Including approving the Annua1 Plan with its budget. The Board has appointecl the Chair and Tieasurer as the Business Planning Group IBPGI lo work on a 'betW8en meetings, basi5 With the Chief Executive. Additionally. there 15 8 Finance Committee- sub-committee and other working group5, in rnany ol which individual Trustees play 8n active part. The chaiily sponsors the daily operation ol the Nation81 Assouation of T&8che15 of Religious Educats"on INATREI which Is separately constituted and led by its own eleGled Exe¢utiv8. The Chief Executive is responsible for the day-to-day rnanagemenl ol th8 chaiity and ils work and reports lo the B08rd on a formal basis at meetings, as well as inlorrna11y in between meetings. All member5 of Staff, some of whom are based in th8 charity's Offi￿ in Kings Norton, Birfflingham, and some of whom work remotely frotn their own hom85, are &ccounlable to the Chief Ex8cutive. The Business Planning Group lakes responsibility for processing nominations of Trustees. chaiity advertises opportunit185 for voluntary service on committees and the Board in its publications and websites from time to time and make5 personal appro8ches on recommendation. CandKlate5 for Servi￿ are ¢onsideied from amongst those working with the chaiity in other eapacitws. those whom Tru8tees and staff en¢ounter in their engagement5 Wlth the Religious EducatK)n, Christian publishing communities and those responding to our recruitrnenl notiC6S. Trustees are often w-opted to the Board initially and after formal agreement, new Trustse5 are given an Induction Pack outlining charity policy. slralegy and working practices, and each makes a declaration of Ihelr eligibility to s8rvo under ¢urrenl legislation. This sel ol guidance noles for all Trustees is updated peiiodically as new 5tatemenis ol policy etc ale agreed by the Board. CHRISTIAN EDUCATION MOVEMENT IA company limiled by guaranteel TRUSTEES, REPORT Year ended 31 August 2020 Working Relationship8 Throughout the period the chaiily has had a ¢lose working relationship wth several organisalions induding.. Gulham St Gabriel's IGSTGI RE Today and NATRE have been identified 8s key Suppliers by CSTG and the team work actwely to establish ways in thich lo slrength@n and support lh8 whole ol the RE community. ROOTS for Churches Christian Education is a partnei in a separate chaii18ble company, ROOTS foi Churches Limi18d. Christian Educats"on's Chief Executive setve5 as a Oire¢lor of ROOTS lor Churches Limited. Every two months ROOTS publish two maoazin85. one lor leaders ol aclivilie5 foi children and young people, the othgr for worship leaders Rellglous Education Council Christian Education and NATRE are indbvidually members ol the Religious Education Council in England and Wales IRECI. Thi5 15 the coa1ilion of professional and faith bodE5, RE agencies. Trusts and Foundation5 with an interest in Religious Education. Every lew years one ol the Department for Education ministers addresses the Couneil. which meets at least Lw a year. RE Policy Unit RE Today. NATRE and REC work in partneiship as the RE Policy Unit. W8 Wotk together to piornote the value of religious education, lo ensure thèt its importance is rècognised by all schoo15. policy makers and the media. Council for Subject Associations- CfSA NATRE is a membei ol the CfSA and is represented by Zoe Keens as a Board member, and Fiona Moss (CEO- NATREI. CfSA is an umbrella oiganisalion, indep8nd8nt ol Government. which ￿preSentS subj8d associations. Mernbers ol the CfSA benefit from the power of a uriilied voiTr. representing Subject A850Clations in informing 8ducators, policy makers and media about research and professK)nal practice informed approaches to Ihe curriculurn, pedagogy, t8acher training and professional development. Risk management The Trustees have 8 Risk Policy which is ievlewed annually in January and the Risk Register which 15 ieviewed on 8 continual basis lo assess the major risks to which the chaiity 15 exposed These relate to live key areas." Governanc8 and Managem&nt, Operational. Financial, Environmental- external l intein81 and Complianc£. The Trustees believe that by monitorino resetV8 levels, by ensuring contio15 exist over key financial systems. and by examining the governance, operational and business risks laced by the charity effective systems have been pul in place to mitigat8 the risks. CHRISTIAN EDUCATION MOVEMENT IA cownpany limited by guarantee) TRUSTEES, REPORT Year ended 31 August 2020 OblectlV8s and alms The Object of the charity is to advance e(Jucalion by piomotlng lifelong learning in religion and lailh for 811, as a positive conlribulion to the wellbeirvJ ol society. The Trustees conlirrn that they have looked at Charty Comrni5sion gU￿ance when setting the Obje¢tiv&s for the charity. Th8 Trustee Board has considered the gen8ral guidan￿ on public b8nefit and to ils supplementary guidan￿ on. "The advancement of education., the advancement ol religion., the advanr£ment ol human rights. conflict resolution or re¢oncilièlion of the promotion of religious or racial haimony or equality or div81sity. Christian Education serves a wide range of people, indiwduals in their personal faith and those worf(ing in education. CE I RE Today prowises support. training, research. and cuiiiculum development. In turn our clients. custorners and partners contiibute id8as and support to the breadth of the work undertaken by CE. In 115 work with Religious Education in schools. CE is committed lo an 8qually representatiV8. ecumenical, and mulli-laith I non- religious woildviews approach. The flagship servic8 for those working in the field ol Religious Edwation in schools is the termly magazine R81oday, the termly ¢urriculurn books for primary and secondary teach8rs- these publications ale Ihe lound81ion that all NATRE mernbeiship p8ck8ges are built on. CE I RE Today works collaboratively with NATRE to support 811 RE piactilioners. Our core purpose as an organisalion is lo be a platform and foundation lor equipping. 5UPPOrting, 8nd resourclng human flourishing a¢mss the globe through the development and piovision of first-¢lass R81igious Education setvice5, Thaterials, guidanc8, and leadership, RE Today Servl¢es A team of five RE Advisers fwus their work on the professional development of teachers and are commissloned to advise schools. local 8Uthorities, SACRES, dioc￿$ and others Th8 Adw5ers a￿ all writers and editors for the charity's RE publications progr￿nme, enabling the tnaximisalion of small resour￿ for the benefit of a large perc8ntage ol the s¢h)ol population. During 2019-20 RE Today and NATRE have continued working collaboratively with the REC with the independently funded RE Policy Unil. It has b88n deemed a significant Success with the breadth ol project work that has sncluded multiple media initiatives and approaches to government and the DIE. Olhei Trustees and staff sgtV8 on the governanc8 of the REC. NATRE The charity SFX)nsors the Subl￿t teachers, association, the Nats"ona1 Association ol Teachers Of Relioiou5 Education INATREI. provhying management serviw of administration. rnemb818hip management alongsidè sales and maiketing. NATRE is a separately ¢onsliluted organisation that runs autonomously with support provided by working in partnership with CE 8nd RE Today S8rvices. CE works collaboratively with 8nd takes dI￿¢t10rn from the NATRE sleeriro grovp lo ach5eve the agr88d airn5. This is a mutually beneli¢ial partnership that facilitstes 8nd enables teachers lo have a¢￿$$ to ex￿￿11&￿t knowledge and high-quallty ￿$oUrCeS and advi￿. NATRE supports a programme of projects, led by their steeling group and executive and with professional Servi￿ provision by RE T￿ay. NATRE ￿ consulted by the Department for Education. Ofsted, and other ag8ncies, so that they can heal the voice of tea¢h8rs of RE. NATRE is a member ol the Counril for Subject Asso¢i81ions ICISAI. British Journal of Religious Educatlon IBJREI CE wholly owns and publishes original research p8pers in the British Journal of Religious Education18JREI published under contract by the ac8demicjourna1 sp8cialist Taylor & Francis. BJRE publishes original ￿searCh papgrs in print arKI dvjitally. The Editorial Board me8t5 annually but IS 8Ctive throughout the year developing opportunitES to further the reach and therefore the benefits lo Academics. ITT'S, stLidenls, and t8achers. It draw$ on thoughts and opinions from the International Advisory Board, with a membership of Academics frorn UniversitEs from a(mss the world. CHRISTIAN EDUCATION MOVEMENT IA company limitèd by guarantee) TRUSTEES, REPORT Year ended 31 August 2020 Christian Educatlon CE supports spiiitLial and faith development undertaken in th8 Christian community. 8SP8a311y through the pioM5i0n ol IBRA Bible reading notes and reading lists and through our support lor'ROOTS foi Churches,. CE 18 a tnetnber ol Churches Together In Britain and Iieland ICT811. Christian Education is a Body in Association with CTBI, Churches Togeth8r In England ICTEI atKI Aelion by Churches Together In Scotland IACTSI. International Bible Readlng Association IIBRAI This work has progressed wlh the single annual publication Fresh from The Word 2020, IFFTVV) which has sold well in 2020,. this Is edited by Nathan Eddy.. the foreword was writlen by Right Reverend David Wilbourne. Our UK reader5 have donated lo our IBRA Internationa5 Fund which assists iniernalional partner organisalion5 in making versions ol our Bible reading note5 available in Africa. India, and the Pacific. 18RA hBs received legac￿5 In this financial y8ar. The IBRA website provides acwsibilily to ttrE daily readings within F￿sh from Th8 Word, and encourage r8aikrs I visitors to ervJage wilh our intemational community. supported by daily updat85 on the Fa¢ebook page5 and Twitter account. CHRISTIAN EDUCATION MOVEMENT IA company limited by guarantee) TRUSTEES, REPORT Year ended 31 August 2020 Achlevements and performance The following agreed objectives have b8en continued in 2019-20 A. To d8velop t*st pra¢tre in teaching and learning in Religious Education in sthools by the provision of pioneerin9 SUPPOrt services and consultancy B. To become more visible in the field as Ihe RE services prowd8r, including the sponsorship and business developm8nl ol the National Association of Teache15 of Religious Education C. To 8ncourage Christian5 to explore and articulate their own t￿lIef5 and values D. To build partnet5hips wth othei agenc￿$ engag8d in the spiritual, moral, social. cultural dimensions of education ar learning, including with those working in higher education E. To monitor 8xpenditure ensurin9 cost effectiveness, to maintain inc(yne levels in our various business sir88ms and grow n8W income streams through strategic business development. that wll be mutually beneficial to the organisalion and community il 58tves. This will b& achieved through the appropriate inveslmenl in training. systems, operation5, an(5 wmmunications. CHRISTIAN EDUCATION MOVEMENT IA company limited by guarantee) TRUSTEES, REPORT Year ended 31 August 2020 A. To develop best practice in teachlng and learnlng In Religiou5 Educatlon In Schools by the provision of pioneering support $ervlce5 Our remarkable team ol schools RE Advisers, Lat Blaylock, Stephen Pett. Fiona Mos5, Angela Hill, and Julia Diamond-conway have worked with tietnendous d8dicalion and cornmilrnent to engag8 and fulfil unique development and project work meet the Sudden need ol our pandemie hil nation. Woiking with Che15ey Miller Brown. they have woik8d incredibly hard to meet the needs of 5choo15 and horne-schooling parents to support the continuation ol pupils 188ching and learning by changing resou￿$ from being tea¢hei focused to pupil focused. 100's of resources has been made available for all Key Stages. RE Today ha5 had to rapidly chznge focus to develop new concepts for teaching alongside products to support all our dients, members. and all schools lo help ehildren and young people lo continue their education. During this time. we havo continued to win new contracts to work with SACRE'5. The Mode1 Agreed Syllabus. written spe¢ifically to support18aders and teachers also provides 8 bregdth ol Schern85 ofwork lo further hèlp teachers. This proSu¢l continues to fit both requirement 8nd budgets. The web shops seNng RE Today subscribers 3rKI NATRE mernbers continue 10 5UPPOrt the tea¢heis 8nabling ihem to access different high-qualily products, pioiqded by RE Today and other a98n￿￿5. Publlcatlons Our curiiculum series- Inspiring RE (Primaryl and Explaining Rellglon and Belief (Secondary) continue to sell well and the final books in the th￿e year series. The team continue to worf¢ exceptionally hard to produce all our publications induding REtoday magazine. Understanding Chrlstianity IUCI- edited by Stephen Pelt, wrilt8n by Stephen Pett, all the RE Today's Advisers and Helen Matter. The roll out ol the training lo teach Understanding Christianity in 5chooLs has b88n highly successful and this is now beino taught in over S￿0 schools, 8nd the roll-out to all ¢ommunity schools is starting with the as5Utnption that this work will continue for the nèxl 5 years. Model Agreed Syllabus: the RE Advi5erteam have continued lo present'model Agreed Syllabus. lo SACRES thal are due to refresh their Locally Agreed Syllabus but have restricted budge15. This continue5 to be a popular 501ution and the schools are kegn to ￿Y the suite of Schemes of Works that support the syllabus. RE Today have been able to support further through the organLqation and managemenl of launth ¢onferenc85. RE T￿aY now offers two version5 of Moclel Agre8d Syllabus IA and Bl to provide ¢lienls with giealer ¢hoic8 Courses and ¢onlerenc8S RE Today's own one-day ¢ourse5 continue lo atlrad teachers as 8 result of careful maikeling. The team also deliver pupil conferen￿3 Iprimary and secondary), webinars foi CPD purposes and sUPPOrt at diocesan and local authority conferences. Course evaluaiions continue to be exc8llent from both teachers and pupils at our evenis. CHRISTIAN EDUCATION MOVEMENT IA company limited by guarantee) TRUSTEES, REPORT Year ended 31 August 2020 B. To become more visible in the fleld as a RE 5ervl¢e$ provider. Includlng working in partnership with the National Association of Teachers of Religiou5 Éducation INATREI Thè National Association ol Teachers of RE is a highly enga9ed group of teachers including several who, as well as teaching in the classii)om and being activ8 Wlthin NATRE, ar8 also undertakiro higher levd study. Ben Wood is Chair ol NATRE. The benefit led NATRE membership has b8en designed to sUPPOrt teachers al every level of their career and continues to grow with ret8ntion levels and member sales inc￿?$1ng Thi5 takes unique team working with NATRE and RE Today I CE and there is eX￿llen1 collaboralive work loo that benefits Head teachers, RE Advisers. 5ubiecl leaders, and teachers, those who are qualified atKI utNualified in the classroom. NATRE Splrited Arts competltlon is in 115 16th year and the competition to date has attracted over 340,000 participants laveraging 20,000 per yearl sints 2004. This y88r we ￿ceiVed w8 hsve le￿iVed an incr8ase in entries, 4500 due to schools supporting parents to create Spirited Arts entries 81 home, using designed leaming prograrnm8s. We ￿ceiVed 8ntri85 in from as far a-field as M818ysia and Brazil- many reflected th8 challenges ol the global pandemic. We had entrE5 from pupils aged 3-19 years old. Early Years Foundalion Stage IEYFSI and Special Education Need5 and Disabilities ISENDI. This year pupils sent in artwork, sculpture, poetry. film and music comwsilion5 and it, as always was a privilege and a challenge. New2RE- A NATRE initiative continues lo support newly qualified se¢ondary RE teachers enabling them to gain from being personally mentored by an experienced RE teacherlleader. A key aim is to en8ble teachers to develop their own strategie5 for tsaching RE and support them al the start of Iheir careers and has been desioned lo help th8tn deeKen their subject knowledge and te8ch six 181iglons and other world views with conlidents. The offer of 25 pla￿$ to NQT'S foi a Ihr&-year earfy career development piogramme has been made possible through funding Irom Jerusaletn Trust, Sarum St Michael ar￿ All Saint5 EdU￿tIonal Trust The provision, during COVID h8s moved online but many NQT'S were focused on the challenges of teaching remot81y and 5UPPQrting pupils in school. We have Seen less engagem8nl du8 lo COVID. The annual Conferen￿ also had to be cancelled CHRISTIAN EDUCATION MOVEMENT IA company limited by guarantee) TRUSTEES. REPORT Year ended 31 August 2020 C. To encourage Christians to explore and artlculate thelr own beliefs and value8. IBRA During 2019-20 ov8r 6,000 ol F￿w 2020 (Fresh from The Word) copies were printed in EtvJlish and w8re also transla18d in to 14 languages by our 13 IBRA international partn8rs and distributed around the worfd- this work irnpacts over 32 countries. Over 5,000 copies of Fffw 2020 were sold In the UK,. it is encoufagin9 to know Ihat this title 15 01 suth personal benefit to our readers and partners, our thank5 to Nathan Eikly and our team of over 50 international writeis, th8 re￿ing$ comtnillee, and the steering comtnitlee. The 8nnu81 Bible reading notes are published under th8 Monarch imprint, achieving an annu81 sur￿us. Fresh from The Wold 2020 was distributed in American Samoa, Western Satnoa, and Tokdau.18RA m8t8ri8ls circulate in Cameroon, the Corvjo, Fiji. Ghana, India, Nigeria. Portugal, and South Africa mostly translated into a local language. Th8 historical ethos of the 18RA continu$s In that the UK readership donate to support our international r8aders and £21.774 was defrayed in giants to cov8r translation. printing, and distribution ctssls in e￿ht countries. To ensure that as many partners b8nefil no grant application is lully funded. The full 100¥o of donations ar8 distiibuled. Roofs for Churches There are over 15.000 iegular users that lake printed copie5 01 one or both bi-monthly ROOTS magazines. These provide pr8par81ion and training for leaders in adult and all age worship services as W611 as those working with childr8n and young people. The materi81s pick up themes from the lectionary readings lor the Sunday and are widely used in Anglican, Methodist and Reloim church Communities. The print offei is ￿lleCted in the extensivg r8sources through the website. The piinled copies exceed 9000 usets. but there are approximately 12.500 active website useis. CE Is one ol the sev6n ecumenical partners behind the ROOTS project. It is a separately ￿gIstered charity direcled by Rosemary Nixon. Sample M8le￿al is availablg on the website wwN.ROOTSonth8W8b.com. The back catal(gue ofworship resourths is also avai18ble on the websile to subscribers vi8 8 password. CHRISTIAN EDUCATION MOVEMENT IA company limited by guaranteel TRUSTEES, REPORT Year ended 31 August 2020 D. To bulld partner5hlps with other agencies engaged In the 8pirltual, moral, soclal, and cultural dlmension5 of education and learning, includlng with those working in hlgher education Britlsh Journal of Rellglous Education IBJRE Ther8 is & public benefit In CE building partnership with higher education and other bodies engaged in the spiritual. moial, soual, and ¢ullur81 dimensions of education and learning, taking foward the best of ped8gogical thinking. Th8 8ditorial tearn is Editor- Professor Julian Stern. Yotk Sl John's. Deputy Editor- Dr Yonah Mat8mba. University ol the Wesl of Scotland and Assistant Editor- Dr D8vid Lundie, Unive15ity ol Glasgow started. The Editorial Board meet5 annually bul 15 active IhroughoLJI the year devebping opportunities to further the reach and therefor8 the benefits to Academics, ITT'5, students, and teachers. This is supported by Ih8'Piofessional Refieclion, section ol the RE Tod£y rnagazine under the editor Geoff Teece. CE and the Publishers have signed an 'Affiliation Agreement, with the International Seminar on Religious Education ar)d Values IISREVI lor a peri¢￿ ol three years- to support its members and broaden the leach and impact of BJRE. ISREV is the 'The Intemational Seminar on R81igious Educ8tion anLI Valuas'is an associalion ofover290r61igious education scholars from arouncl 54 co£ii?tries. 11 inclucles scholars from various rgligious traditions. secular specialists religious sludie$ and eduG8lion who meet sassion every otheryeart This 1$ acknowledged in th8 Inside Ironl covèr ol each vdutne ol BJRE. E. To monitor expendltur8 ensurlng cost 8ff8ctivenÈss, to malntain income levels in our varlou$ business streams and grow nèw Income streams, including by appropriate Investment in Iralnlng, systems, and operations The inveslrnent in 2018-19 in additional skilled staff has Increas￿ the ¢apacity ol the team 8nd has provided skills and talent that is enabling bu5ine5s groth. Likewise, with external sUPPOrt and continuing development ol th8 new systems the business management is more streamlined and effiuenl. Finan￿$ have been carefully managed during the uncertainty of the year which has seen a d8crease in expenditure throwh not b8ing able to conduct in person training, savings on venue hire and expenses. The systetll5 that hav8 been invested in the previous financial year. hav8 aLso proved invaluable in quickly following government guidelines and closing the offic85, and equipping the team lo work remotely but still provide a seamless service to our custOm8r5. During loekdown a n8w produ¢t was developed- th8 'RE Today Library. site. This was the develosNM8nt site which 15 sold as a subscription but built to house the cont8nt of all RE Today magazings dating back lo 2015, wilh a fully searchable ind8xed site- which can be transla1￿ into 10+ languages L8unched in Novernber 2020. Intellectual Propeity- Work with VWV (Veale Wasbrough Vizsrdsl on a prokct by project, case by cas8 requirement to ensure that we are protecting CE I RE T￿aY'S IP and copyright on a continuing basis. People Laura Gallant joined the team on 8 March on a fixed temi. part-time contract to provide additiona1 support to the Customer Servi￿$ Teatn., shortly afterwards the Offi￿ wa5 closed lor the lock-down, and her role did not qualify for the Job Retention Sch8rne (Furloughl. She re-joined the team in July and herwoik has been highly valued. During COVID 16 membe[8 ol the team sigrEd up to thè Job Retention S¢heme and worked closely with trEir team members to ensure that the charities work would continue but it ￿qUired 50% of the woth force to be working 8t any one time. Five members of the team remained working Ihioughout lo ensure the conlinuity of the ¢harity- CE is very grateful to Darren Inston Operations Manager, Parminder Jutla- Bid and Fundiaising Manager and Zoè Keens. CEO. Our grateful thanks go to Jan Smith, Finance Managèr and Emma Sholter, Finan￿ Assistant for their work supporting the financial security of the charity during this turbulent and unprecedented time. The team have worked closely and collaboratively during 2019-20 to secure and pr8serve the work of the d)arity, 3h81ing their skills, talent and eXper￿n(￿ to keep the charity stable in the midst of the global pandemic. CHRISTIAN EDUCATION MOVEMENT IA company limited by guarantee) TRUSTEES, REPORT Ygar ended 31 August 2020 Future Plans COVID-19 Impa¢t $ln¢e March 2020 - ongoing Al the date of signing these financial statements, the trustees have considered the effect on the Charity with the Information aVaila￿e lo it. and do nol beli8v8 that COVlD-19 will affect the charily's ability to conts.nue to operate lor the fores882ble future. As with most org8ni5ations there have been short term practical difticullies in delivering the Charity's busin&ss, but we have addressed these and are rnanaging this by.. Internal Operations Remote Working- the whol6 taam have been equipped to work iemotely, using laptops, arKI laking requir8d equiwnent home. The Offi￿ has a VOIP phone system. so the se￿￿ delivery is not delay8d. The team have lull access to softwai8 and data required to do theirjobs. To support the team during iemote working the￿ was initsally a d8ily 9am tearn call, to SUPPDrt each team mernber that was not furlouuhed and lo support eath team member to continue to fulfil the servic8 snd le5our￿ provision ol the charity. Extginal Setvice D811very- A major part ol the charity's work is delivering consultancy and training RE Today moved all its work to online delivery, changing eou15e5 to be deliVe￿d virtually, pr8-r9widing sessions and changing teacher focus8d training to enable it to be provided to pa18nts h0rn8-schooling their children. RE Today also continued Ih8ir work lo support RE on BBC Bilesize- thi5 15 a p￿-exist1ng client. Client consultancy h35 been affected by clients luiloughiThJ st8ff All the RE Advisory work has been hit by COVID, with no lace-to-lace training piovi510n. There has been an increase in NATRE membership, with new members accessing the b￿adth of resou￿$ availabb, 8s well as attraoting new visitors to the website. It was decided to make all resour￿$ fvee lo a¢￿$$ initially. There has been whole team strategic ￿8[}nIng for the need lo r￿u￿ eX￿ndIture, to off5Et the loss ol income. and work closely to support each team member in the work they are undertaking. Also, like many organisalions we continue lo uti11se government support 5ehemes, induding both the Job Re18ntion Stheme and the Coronawrus BOUn￿back Loan Scheme, to assist the charity in actively managing its finan￿S. However, due to the ￿Ve1 of reserve5 and cash balan￿ held, the security of sorne of our income streams wh8r8 th8r8 818 tnulti period ¢ontra¢ts. 2nd achEving grant funding for project work, we are well placed to ￿tinUe operating. See the note below reg&rdin9 Goiro Concem foi further details. At th8 start of the March 2020 a PAYE payment holiday was negotiated which helped th8 financi81 and ca5hflow management al these unprecedented times. The defer￿￿ payments have been fully settled in accordan￿ with the agreed payment plan. Accounting pollcles - Going Concern At the lime of signing the accounts, the Trustees have considered the effect of the Coronavirus on the going concern posltion, and consider that the tharily will continue to operate lor a period of at least 12 tnonlhs IrLKn the date ol signing the58 accounts. This Is du& to the level ol funding already secured with key partnets, the further developm8nt of the online learning provision and Iiading performanc8 which eX￿ed$ budget in the period lo 31sI De￿[nber 2020. The charity continues to hold significant cash reserves and is ulilising Government support where appropriate. Although the charity held negats.ve unrestricted ￿ServeS as at the balan sheet date, the current business plan contains an expectation that these r8setves will ￿Vert to a positive balance by 31st August 2021. The tsriginal three year business plan is Cur￿ntlY being revised by the oxe¢ulive team and will be presented to th& Board ol Trustees. The latest forecast to 3151 August 2022 indicates that the ch8rily will be able to operate within the facilit18s available to it OV8r this time pericd. On that basis the Trust88s have prepared these financial stalErnents on a going ￿n￿rn basis. Zoè Keens and the team have continued to work on each 818m8nl of the business internally and externally., assessing the potential and conlinued to look for opportunities within each market that each area tEnefils. 10 CHRISTIAN EDUCATION MOVEMENT IA company limited by guarantee) TRUSTEES, REPORT Year ended 31 August 2020 Key strategic alms of each buslnes8 strand: B8 the 'provider of choi￿, for 8xcellenl leaching support for ieligious and worldviews Education and values work in schools throughout the UK, working with SACRE'S. funding bodies through consultancy, courses 8nd ex¢e11ent resour￿$ and the provision of resour(xs to academies and academic trusts, all school IyFeS and suppKirtin9 organisations. To be the best, most SUPPOrtive. r818vant and innovative subject a55ociation in the UK providing socia1 networks, communities of understsndino, resourc8 piovision, advice. guidan￿. sharing and und8tstanding at affordable Pri￿8. Expand IBRA'S work into olher ¢ounlrie5 and reach tnore people in the UK through partnership working with Lion Hudson. redu￿ all lh8 costs, increase income and reaching new ￿aderS Ihrough Iheir sales outlets Expand service provision and product b8se through partnership working and u51ng ex￿lIent managernenl systems. RE Today Service¥'. NATRE.. 18RA.. CE.. BJRE: To be the leading Acadetnie journal for the study and resear¢h of Religious Educatlon, increase ILJrther Into inlern81ional academic institutes Organisatlonal Aim5'. Significant woth has ¢onlinued during thls year io fulfil Ihe organisations aims foGU5iW on four key a￿a$.. Change in engagement and commitment of the Board 2. Increase cohe￿nI and consistent working approath85 and slreaTnlined process8s effe¢lively using IT Infr8slructure to SUPPOrt staff Capacity and V￿rk more efficiently- this has been fulfilled during COVID. 3. Increase team working, develop th8 skill and cOnfideTh￿ in each team member to lulfil their role. Continue lo build the organisational structure to locus on business growth through 88ch ol the busin85s strands increasing gr055 margin, through whi¢h the whole of the team is involved and Can understand where and hw their work fits in to the business developm8nt and income generalion. Bu$lne8s Pr8mi$e$- King5 Norton The busine85 functs.oned erricienlly and eff8clively in it8 offices for the first six month8 of the financial year using the space for training, meetings, day-to-day management of the organisation and as a distribution outlet for a11 public81ions and saleable materials Since Mar¢h 2020, the offic8 was closed completely for 3 months and opened wthin govemment and the ¢harily'5 health 8nd safety guidelines for COVID safe worf(ing. Negotiations took place wth the18ndlord's management ag8ncy lor a rent holiday, and redu￿ service charges. Thère was a 5 year rent review which did not achieve redU￿d rents. but a change in payment teims. The service charge negotiation is ongoiThJ. CHRISTIAN EDUCATION MOVEMENT IA company limited by guarantee) TRUSTEES, REPORT Year ended 31 August 2020 Flnancial revlew Incoming resou￿$ for the year tolalled £1,518,889. These were well distributed between the income streams, Subsciiplion and NATRE membeishlp income lotalled £274,385. Consultancy and related fees g8n8raled £302,197, Conferen￿5 and Ir8in1ng generated £210,554 and income from sale of publications arnounled to £218,377. Grants from Trusts amounted lo £369,654. Claims under the Coronavirus Job Retention Scheme tolalled £58,(MO. R8SoUr￿$ expended amounted to £1,494,368 in the yeai. Approximat81y 50% oflhis lotal1£7g6.7221 related to staff co$t5 whilst the balance of expenditure was split belween prinling ol publications, mailings, COnferen￿S and other thaiitable activities. The net incoming resou￿5 lor the year 8fter other r8cognis￿l gains and Ios5@s and transfe15 Letween funds totals £38,549. The balanTr sheet ol the charity a5 at 31 AugLiSt 2020 shows total funds of £816,347.These lurKls comprisg uniestricted funds ol £88.015. Restricted funds of £360,799 and endowment funds of £347,533. Under the terms of a Charity Cofntnission schetne dated 8 August 2002. CE is the Irusiee ol certain endowment funds of the former National Chiistian Education Council INCECI. These comprise monies lor which the charity has ￿ponsIbIlItY in 8 trustee capacity Income from the CEM New Endowment Fund is to be applied towards the making of small grants lo young peD￿e from churches in rnernbeiship of the charity towards ￿sidentIal courses. conferences and holidays. Income Irorn the Christian Education Church Building Fund 15 to be applied for the ggneral purposes ol the chaiity. Details of the movements on the futKIs can be found Sn note 20 to the finan￿aL statement5. Restricted incom8 funds comprise monies thal have eilhei been raised for, and Iheii use reslricl8d to, specific purposes. or they Cornpiise donations subject to donor-imposed 18strictions Full details of the restricted income funds can be found in note 21 to the allach8d account8 together wilh an analysis of fflovements in the year. Reserves pollcy As it is Clear from the for890ing that the charity carri85 Out a wide varièly of activities, som8 ol which compiise short tsim and exteinally funded ple￿$ ol w(xk whilst oth8rs compris8 longer term cotnmrtmenls requiring signifie&nt and ongoing financial inveslmellt. The Trustees have examined the requiremefit for free r85èrves i.e. those unrestricted funds not invested in t8ngible fixed assels, designated lor specific purpos85 01 olherwse committed. The Board of Trustees is of the opinion that, given the nature of the ¢harily's work, free reserves should equate to between thre8- and six-months planned expenditure at any point in time Ilor th8 financial y8ar 2020121. this would range from £4Sg,541 to £919.0821. The metnbers of th8 Boaid of Trustee5 believe that this level ol reserve5 provides sufficient flexibility to cover 18mporary shortfalls in incoming resourc85 due lo liming differenc85 in income flows. to furnish adequate worf(ing capital to covei CO￿ costs and will allow the Charity to cope wlh and ￿Spond to unforeseen emergenc￿$ whilst SP8cific action plans are iMp￿￿eThIed. The current year has been challenging and oveiheads have been diverted from r8slricled to uniestricted activily lo develop new methods ol delivery and to respond lo COVID. Because of this the fre8 reserves 8s at 314 August 2020 have diopped below the target and were negative as al the balan￿ sheet date. How8ver, the current business plan contain5 an expe¢tation that these reserves will revert to a positive balanc8 by 3151 August 2021. Th8 original three year business plan is currently being rewsed by th8 executive t8am and will be pie5enled to the Board of Tiustees, with an expecialion that the charity will make further progress towards the free ieserves requirements, m88ting them within a live year timeliarn8. Artic5e$ of A¥50etatlon The Arti¢les of Association reflect current chaiity law and r6fiect the current purposes and working practiw of Christian Edu¢ation Movement. Investment Pollcy The charity has a Reserves policy, Investm8nt Policy and Ethical Inv851ment Pdicy, all of vhich a￿ revEwed annually by Truste6s. The charily's investments al 31 August 2020 comprised cash deposit5 of £733 and listed Investments with a market value of £464,086. The funds are plac8d with CCLA in cash dep051ts, the investment futKI lincornel and propèrty fund lincomel. Key Management Personnel Remunèratlon The Board olTruslees delegats the day to day managern8nt to Zoè Ke8ns the CEO. Her salary is benchmaiked against similar P051tions withln the seclor and advic8 taken Irorn recruitment con5ullanls. 12 CHRISTIAN EDUCATION MOVEMENT IA company limited by guarantee) TRUSTEES, REPORT Year ended 31 August 2020 statement of Trustees. responsibilitie5 The Trustees. who are also the ￿1￿ctOrS of Chrislian Education Movernent lor the purpose of company law, are respon51ble for preparing the Trustees. Report and the Iinanci815talemenls in awordance with applicable law and United Kingdom A￿oUntIng Standards Iunited KiTvJdom Generally Accepted Accounting Practi￿1. Company law requires the Trust8èS to prepare financk?I statements lor each financi81 year which give a tru& and fair view of the slate of affairs of the charitable company and of the Incoming resources and application ol ￿sOUrces, Including the income and expenditure. of the chaiitsble company for that year. In preparing these financial statement5, the Trus18e5 are required to.. select suit8b18 accounting policies and then apply Ihern eonsislently,. observe the methods and principles in the Charities SORP 2019 IFRS1021,' make I￿9ments and estimates Ih8t a￿ reasonable ard piudent.. stale whether applicab￿ UK Accounting Standards hav8 been followed, subject to any material departures dIsclos￿1 and explained in the financial statements, and pi8pare the financial siatem8nts on the going con￿r￿ basis unless it is inappropriate io presume that the charity will continue in op8ralion. The Trustees are r8sponsble for keeping adequate accounting records that disdose with reasonable accuracy al any lime the financ4al position of Ihe charitable company and enable them lo ensure Ihat the financial statement5 comply with the Companles Act 2006. They ale also r&sponsible lor safeguarding the assets of the charitable company and henL% for taking reasonable steps for the prevention and detection of fraud and other Irregularit￿S. In so lar as the Truste&s are aware.. th818 is no ￿l8VatI1 audit infoifflation ofwhich the Charitab￿ company's auditor is unaware.. and the Tiustees have taken all $18PS that they ought to have tsken lo make them3e1ves aware of any relevant audit information 8nd to establk%h that the auditor is aware ol that information. The Truste8s are re8ponsible for the msintenance and 1ntegiity ofthe coipoiate and financial information included on the thgiilable company's website. Legislation in the United Kingdom governing the preparation and diss8minalion of finanual stat8ments may differ from legislation in olhei jurksdiclions. AUDITORS Cooper Parry Group Limited have expressed their willingness lo Contin￿ in office and will be propos8d for re-appointment al the Annual General Meeting. Approved by the Trustees on 21st January 2021 and slgned on their behalf by.. Mrs Pamela Draycoll Chair 13 CHRISTIAN EDUCATION MOVEMENT IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CHRISTIAN EDUGATION MOVEMENY Opinion We have audi18d the financial statements of Christian Education Movement for the year ended 31 August 2020 which compri58 the Statement of financial a¢livities. the 8alance sheel, the Stalemenl ol cash flows and the related notes, induding a summary of significanl accounting policies. The financial ￿pOrting framework that has been applied in their prepaialion Is spplicable law and United Kingdotn Accounting Standards (United Kingdom Gen8rally Accepted Accounting Piacticel, including Financial Reportlng standard 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland" In our opinion the finanual statements.. give a true and fair wew ol the stale ol the ¢harit8ble company's affairs as al 31 August 2020. and ol its incoming resour￿3 and application of resour￿$. induding its incom8 and expendilur8, for the year then ended., have been property prepared in accordan￿ with United Kingdom Generally Accepted Awount1￿ Practice.. and have been prepared in accordance Vrith the ￿quireMents of the Cixnpanies Act 2006. Basis for oplnion We conducted our audit in accordance wilh Intemational Standards on Auditing IUKI IISAS IUKII and applic8ble law. Our rEsponsibililies under those standard5 are further described in the Auditor's responsibilities lor th8 audit ol the financial statement5 section of our report. We sre independent of the company in accordance with the ethical requirements that a￿ relevant to our audit of the financial statements in the UK, includsng the FRC'S Ethical Standard, ard we have fulfilled our other elhi¢al responsibilities In accordanc8 Wlth these requiiements. We believe that the audit eviden￿ we have obtain8d 15 sufficienl atKI appropriate to provide a basis f(K our opinion. Conclu$ions relating to going concern We have nolhing to report in respect of trE following rnatiers in relation lo which the ISAS IUKI require us to report to you where.. the trustees, use of th& goirbg concern basis of a￿U￿ting In the preparats.on olthe financial 51atemenls is not appropri8t8', 01 the Iiustees. have not dis¢k)5ed in the financial statements any identifEd mal8rial uncertainb'es that may cast signif￿an1 doubt atK>ut the comp8ny's ability to continue to adopt the goirvJ c0Th￿rn basis of accounting for h period ol 8t least tweloe monlhs from the dale when the financial statement5 are aulhoris8d for issue. other information The Twsiee5 are responsible for the other informats"on. Th8 other inlomiation comprises th8 infomiation included in the Trustees. Annual Report. othei than the lin8ncial statements and our Auditoi's report theieon. Our opinion on the financial slalements does not cover the olhei information and, ex￿pt to the 8xlent otherwis& explicitly stated in our report. W8 do not exprgs5 any form of 8ssuranc8 conclusion Iheieon. In eonne¢lion with our audit of the finanual slatem8nts, our responsibilily is to read the other inforrn&lion and, in doing so, consider whether th8 Oth8r information is tnalerially inconsistent with the financial st8t8menls or our knowledoe obtained in the audit or otherwi* appears to be materially mi5Stated.11 we identify such material inconsistencies or apparent material misstatements, we are required lo determine whether there is a material mis5tatemenl in th8 finanual statemen15 or a materi81 misstalemenl of the other information. If, based on the work we have performed. we conclude Ihal there Is a matgri81 misslat8ment ol this othei information. we are ￿qUI￿d lo ￿port that fact. W8 have nothing to ￿pOrt in this regard. Oplnions on matters prescrlbed by the Compan18s Aet 2006 In our opinion, based on the work undertaken in the course of the audit.. the infomialion oiven in the Trustees, Annual Report for the financial year forwhich the linana81 Stat￿entS are prepared is consi8t8nt with the financial 5tatements,' and the Trustees, Annual Report has been prepared in accordan￿ with legal requirements. 14 CHRISTIAN EDUCATION MOVEMENT IA ¢ompany limited by guardnteel INDEPENDENT AUDITOR'S REPORT Icontinuedl TO THE MEMBERS OF CHRISTIAN EDUCATION MOVEMENT Matters on whl¢h we are required to report by exceptlo In the light of our knO￿edge and understanding of th8 cornpany and Ils ènvironment obtained in the course of the audit, we have not identified material misstatements in the Twstees. Annual Report. We have nothing lo rgport ITr respect of the following matters in relation to which the Companies Acl 2006 requires us to r8POrt to you il. in our opinion.. adequat8 accounting records have not been kept, or r8turns adequate lor our audit have not been received fro branches not visited by us,. or the Iin3n¢ial statements ale not in 8g18etnent wth the accounting re¢ords 2nd r8tums', or certain disclosures ol Trustees, remuneration specified by law ale not made., or we have not received all the inforrnalion and explanations we reouiie for our audit", or the Trustees were not entilled lo piepare the financial statements in accordance with the Small companies, regime and lake advantage of the small cornpanies, exemptions in piepaiing the Trustees, Annual Report and from the requirement to pr&par8 8 stialegic report. Responsibllitiès of Trustees As eX￿ained more fully in the Trustee5' responsibilities statement, the trustees are responsible lor the preparation of Ihe financial statements and for being satisfied that they giv8 8 Itue and fail v*w, and lor such internal conliol a5 th8 ifustees determine is necessary to enable the preparation of fin8ncial sta18ments that ale free from material misststemenl, whether due to fraud or error. In prep8ring the financial slatemenls. the Trus18es ar8 re5ponsitAe for assessing the company's ability lo continue as a going con￿rn, disclosing, as applicable, matters related to going concein and using the going concern bssis of accounting unless the dire¢tors &ither intend to liquidate the wmpany or to cease operalions. or have no realis￿"r alternative but to do so. Auditor's responslbllitie$ for the audlt of the financial statements Our objectives are to obtain ieasonable assuran￿ about whether the financial Statements as a whole are I￿e from material misslatemenl, whether due to fraud or error, and to Issue an audilo¢s ￿$Y)rt that indud8s our opinion. Reasonable assurance is a high level ol assurano but is nol a guarantee Ihal an audit conducted in accordan￿ wrylh ISAS IUKI wll always detect a material misstalemenl wh8rTr It exists. Missiatemenls can arise from fraud or eiior and are Considered material if. individually or in the aggregate. they (x)ukl r8850nably be expeeted to Influen￿ the econ(Knic d&cisions of users taken on the basis of thgse finandal statements. A further description of our responsibilities for the audit ol the finanual statements is located on the Financial Reporting Council's website at www.fio org.uk1auditors￿$p0nslbllitles. This description f01rn5 Part of Our Auditorfs Report. Use of our rèport This ￿port is made solely lo th8 company's memters, as a body, in accoidance wth Chapter 3 Part 16 of the Companies Act 2006. Our aLKlit work has been undertaken 50 th81 we rnight slate to the company's m8mb8rs those matters we are reqUI￿d lo sta18 to Ih6m in an audilor's report and for no other purpos8. To the fullest extent peimilled by law. we do not accept or assume responsibility lo anyone other than the Company and the company's m8rnb8tS as a boty, for our audit work, lor this report. or for the opinions we have formed. Glen Bolt FCA Senior Statutory ALKlitor for and on b8half of". Cooper Parry Group Llmlted Chartered Accountants and Statutory Auditor One Central Boulevard, Blythe Valley Parf¢. Solihull, West MK118nds 890 8BG 22nd January 2021 15 CHRISTIAN EDUCATION MOVEMENT IA company limited by guaranteel STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020 Unrestricted Restricted Endowment Funds lund8 funds Total 2020 Total 2019 Notes Income and endowmènts from.. Donations and legacies 1,756 11,870 13,626 9,233 Inv85tments 3,050 11,773 14,823 23.095 Charitabl8 activities 1.120,786 369.654 1.490,440 1.269,557 Total Income 1,125.592 393,297 1,518.889 1,301,885 Expenditure on: Raising funds 30,810 30.810 34,365 Gharitsble activitles Provision of opportunities for leaming 1,(￿0.127 403,431 1,463,558 1,482,326 Total expenditure 1.090,937 403,431 1,494.368 1,516,691 other re¢ogn15èd galns and 105ses Gains on investment assets 14 14,028 14,028 7,991 Nat Incomellexpendlturel 48,683 110,1341 38.549 1206,8151 Transfer betwèen fund$ 12 1262,5771 53,042 209,535 Net movement in funds 1213.8941 42.908 209,535 38,549 1206.8151 Fund balances al 1 September 2019 301,909 337,891 137.998 777,798 984,613 Fund balances at 31 August 2020 88.015 380,799 347,533 816.347 777.798 All Income and èxpenditure r818tes to continuing activities and represents all gains and losses iecognised during the year. All of the activities ol the charitable company are ¢1885ified as continuing. The notes on pages 20 to 36 fomi part of these financial ststemènts. 16 CHRISTIAN EDUCATION MOVEMENT IA company limited by guaranteel SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2020 2020 2019 Income 1,504,C66 1,278,790 Expgnditure 11,494.3681 11,516.6911 Net operating surplu5 1 Ideflcltl 9,698 I237,￿}1) Investment incom8 14,823 23.095 Net surplus I Ideficltl for the year 24,521 1214,8061 The notes on pag85 20 to 36 lorrn part ol these financial slatemenls. 17 CHRISTIAN EDUCATION MOVEMENT IA company limited by guarantee) BALANCE SHEET FOR THE YEAR ENDED 31 AUGUST 2020 Registratlon Number 04192601 2020 2D19 Notes Flxed as$et8 Intangible assets Tangible as5etS Investments 13a 13b 14 66,045 61,229 464,819 41,394 71,371 486,791 592,093 599,556 Current assets stocks Dgbtors.. Amounts falling due within one year Debtors.. Amounts falling due after one year Cash at bank and in hand 15 16 16 150.717 89.550 24.025 298,7 135.994 121,313 24,025 192.726 563,088 474,058 Creditor8'. amounts falllng due wlthln one year 17 1288,8341 1295,8161 Net Current a$8ets 274,254 178.242 Creditors.. amounls falling due after more than one year 17 150,0001 N8t Assets 818,347 777,798 Capltal funds Endowrnent funds 20 347.533 137,998 Income funds R8Stricted funds 21 380,799 337,891 Unresliicled lund8'. DeS￿nated lunds General fLinds 22 22 127,274 139,2591 112,765 189.144 816.347 777,798 The notes on pages 20 10 36 fomi part ol these finanoi81 slat8ments. Thes8 financial statements were appiov6d by the Board ol Trusle8s on the 21sih January 2021 and ale Signed on their behalf by". Mis Pamela Draycoll Chalr 18 CHRISTIAN EDUCATION MOVEMENT IA company limited by guaranteel STATEMENTOF CASH FLOWS AS AT 31 AUGUST 2020 2020 2019 Cash flows from operatlng activities Nel movemenl in funds Interest received (Inc￿ase) in slock Dec￿aSe in debtofs (Dec￿8$e) l in¢r8ase In creditors Depreciation 38,549 114,8231 114,7231 31,763 16,9821 19,268 1206.8151 123,0951 122.2001 83.705 4.260 19,311 N8t cash flow from I (used Inl operating actlvitie 53.052 1144.8341 Cash flows from invostlng activitiès Interest re￿iVed Purchase ol lixgd assets L058 on disposal of fixed assets Purchsse ol investments Pioceeds from sale of investments Gains on investment assets 14,823 134,1751 398 1209,5351 245,535 114,0281 23,095 136,0921 325.000 17,9911 Net cash flow Irom investlng actlvitles 3.018 304.012 Cash flows from financlng activitlès Bank Loan recBived 50.0(K) Net cash flow from financing activltles 50,000 Net Increase in cash and cash equlvalent8 108,070 159,178 Cash and cash 8quivalents at I September 2019 192,726 33,548 Cash and cash equlvalents at 31 Au9USt 2020 298 796 192,726 2020 2019 Cash and cash equivalents conslst of.. Cash al bank and in hand 298.796 192,726 Cash and Cash èqulvalents at 31Èt August 2020 298,796 192,726 19 CHRISTIAN EDUCATION MOVEMENT IA company1Smited by guarantèel NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2020 Acc¢unting poliGI88 Accounting convention Christian Educalion Movement 15 a regislered compary litniled by guaranlee wilh regi$18red charily slalus, In the Uniled Kingdom. In Ihe event of the charily being wound up. the liaknlily In re8pecl of the guaranlee 18 Iimile(I10 £1 per men¥)er of Ihe tharily. TIE address of Ihe reg151ered offir* Is glven ID Ihe charily inloimalion page Df these Iinancial 51alemènts. The charily conslilules a public benefit enlily as dÈfirEd by FRS 102 The financial slalemenis have been prep3red in accordance vAlh AccounliDg Rèwrtlng by Charilies." Slalemenl ofRecotnrnended PracliTr applicable lo charities preparing accounis in 8Gcor(5ance with Ihe Finafici81 Reporiing Standard applitsble in the UK and Republic of IreLand IFRS 1021 issued on 16 Juty 2014, Ihè Financial Reporting Standard 8pplicable in Ihe Uniled Kingdom and Republic of Ireland IFRS 1021, the ChHrilies Act 2011. Ihe Compani88 Acl 2006 and UK Generally AGTrNÈd Pracllce. The financial slalenEnls Hre prepared on a going conc8rn basls under the hlslorlcal cosl convenllon, modified lo include certain ilern5 at fair value. The fi￿anG￿l sl8lemeDls ate prepafeu in sle111￿ which Is the luDclional currency ol the charily. The signific8nl accounling policies applied in the pr8paralK)n of these finanrxal slalemenls are sel oul Delow. These policies have been consislenlly applied lo all years presented unless othe￿88 slated. Income rècognlllon InconNw resources are recognised in Ihe period in which the charity is enlilled to rec81pl and the amount ran be measured vAlh reasonatAe cer131Dly Income Ss delerred onty when the charily has lo fulfil condilions before b8comlng enlilled lo11 where the donor runderhas sp&cified th41 Ihe income is lo be expended in a lulure Hccounling peiioil. Grants fiom goveintllÈni and olher agencie5 have been incI￿led as income from Charitab￿ actlvilies vhEre these amount lo a contract for serviTrs or where Ihey 8re given towards the furiherancÈ of specific aclivilies. bul as donglions ythe￿ the fund5 are given In response ID an appeal or with the greater freedom of use. lor example tnonies lor core funding. Legacies are induded in the 51alemenl of financial adivilles vthen Ihe charily is advised by Ihe pet5Dn81 represenl4live5 of an e81ale Ihal P8ymenl vill be made or property IranÈf&rr8d and Ihe amount hvolv8d can be quaniified. Expendllure recognltlon Expendiluie is included In the stalemenl of Ilnanckql aclnilliÈswh8n Incurre(l a[￿ Includes any allribLrtaNe VAT whKh cannot be recovered. ReSou￿S expended comprise the fdlowing.. The cost of gÈneraling funds represents stall cosls incurred in generaliThJ grants and donaled iDoome. The cosls of charl13b￿ act1vl￿-eS comprise eKp8ndilure on providing opporlunilie5 for1earning about Ihe Chris118n f811h parbcularly lo children and young peoplè and Ihose engaged in Ihelr developtnenl. The cosls include the direct and ItrE indireci lor support) costs aSso￿ated wilh these aclwilies. Support ￿St5 represent indirect tharilabk expenditure In order to cairy out thè prlmary puipose of chaiily il 15 ne￿sSary lo provide support in th￿ form of personnel development, financial proGÈdures. prov15ion of offic8 se￿￿eS and equpmenl and a suilable woiking enmronmenl. The 5UPPOrt cosls a￿ allocaled wholly ID charilabk adly￿les. Governan￿ costs comprlse Ihe costs whSrJ) are direclly allribulable lo Ihe govemance of ihe charity arKJ Ihe necessary legal proc8dur6s lor compliance wSlh st3lulory requlremenis. Tanglble flxed as5ats and dgpreclatlon Tar¥Jib16 fixed assets are sialed al cost less depreclalion. DeprecialK)n Is prowded al ralÈs calculated lo ￿1@ oftlhe cos1 le55 Èslimaled re5iOual value of each asget over ils expecled usefd life, as fdlows.. Freehold i￿lIdingS Oirl￿ equipment Fixlures and filling5 All laryible fixed assets cosling tnDre Ihan £500 8nd wilh an expecleQ LEeful life exceedlng one year are capllalised. 2% on a 51faiyhl Ilne ba51S 33% on a slraighl lirLe basls 10% on È slralghl line basi Leaslrbg and hlrfy purchase commitments Rentals payable under operating leases 8re charged agalnsl income on a straight-llne basis overtrÉ perlod of the lease Investments Listed investments are included h the flnancial slalemenis 81 Iheir markel value as at the balance sheet dsle. Reallsed and unrealised galns l(K Ios5e51 arè cradlled lordebiiedl lo the slalemenl of finawlal acliwlies ￿ Ihe year in whiGh Ilw arlse. 20 CHRISTIAN EDUCATION MOVEMENT IA company limited by guarante&l NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2020 gtock and work In progTess Slocks consisl of public81ion5 are valued al Ihe lowèr of cost al￿ nel reallsable valu2 ￿￿1h provisioii being made lor any obsolele damageol goods, and regular review of Stctk bterns lo ensure Ihal hO￿ing ¢osl Is in Ilne wilh Ihis policy. The Board regularly revie￿￿ ils policy on Ihe wrile-down ol slock. Pènslons A ￿rtaIrt nuinl)er of the chaiilWs employees are memitis ol defined coniiibulion pension Sc￿Me$ lowhich the charity makeg conlribulions ba5Èd on 8 fixed proportion of pensionable 5818ry. The allribulaide pension costs includeo in the financk41 slalemenls presenl Ihe conliibulions payable 10 such schemes in resped ol IYE accounting perlod. Rellr6menl benefits 10 some ol Ihe employees ol Ihe Charity provyjed by the Teachers, Pension Scheme I"TPS"l. Thls Is a defined benefit scheme. The TPS is an unlunded schème conlribulions a￿ calcul8led so as lo spread Ihe cosl ol pension5 over employee5, working thNlh the Charily in such a way Ihal thè pension Cosl is a sub$laiilially level percenlage of cuirenl an($ lulure penslonable payroll. The Contrib￿1￿)$ ale determined by Ihe Soverntneni Actuary on Ihe basis ol qua¢rennial valuations using a prospeclive unil credit method. TPS E an unlunded mulli-etnployer scheme wilh no undeilying assels10 8ssign belween employers. Consequenlty, the TPS is Irealed 88 8 defined ¢onlribullon 8chetne for accounlSng puip05es and the conlribulions recognised in the period lo whiGh IW relate. Funds General funds represent Ihose monies vthiGh are f￿elY available for appllcallon iowards aC￿e￿i￿ any charllable purpose Ihal falls wiihi the charily's charllable Dbjecis. Special Irusl funds comprise monles for which Ihe chafily has re5ponsibllhy in Iruslee capaclly. Inc(XTE from the CEM New Endownenl Fund Is crediied lo reslricled income funds and applied lowards the making ol small granls ID young people from churches in rnpmbership of tt)e charily lowards resldenlial courses, con[ereD￿S and ho1iday8. Incornp from Ihe Chrislian Education Church Bulkjing Fund is credited 10 general fund5 and applled lor the general purposes of the chaiity. Reslrided funds ryompd88 moThes raised for, orlheir w reslricled lo a Spe￿fiC KxJrKKJse, or contrib￿lonS subject10 dorKJr Imposed coDJilions. Designated funds cornprlse monies sel by the Board DfTrust*s out of unreslrlded general funds for specific purp08es or proieGts. 1.10 Inlanglble fixed assets and amortisatlon InlanyiNe fixed a55els a￿ slale¢ al cos1 less amortisalion. Amortlsallon is provided at rales calculaled lowrile off the cosl les5 eslimaled residual vakje of e8ch J5sel over ils expected useful life. a5 follows.. Software 20% on a slrabhl line basls All inl4Dgible fixe(S assels cosling tnore Ihan 2500 and with an expecled useful Ilfe ex￿eding one year are eapilallsed. q.1 Flnanclal Instrumonts Charity only holds ba￿¢ flnanual Inslrumenls as defined In FRS 102. The financial assets and Iinanclgl liatmliliès ol the Charity and their measurement ar8 as lollows". Fin&ncJ818ssets- trade arxl olhÈr dèblor8 are bas￿ ffftanual inslwumen15 and are debt in51iurr*nls measured al amortised cost as detailed in nole 16. Prepayments Bre not financlal in$lTUtnents. C8sh al bank is classified as a bas￿ finanrial instrument and is ffleasured al laTr value. Llsled inveslinBnl$ 8re InclLJJed in thè financ181 slalernenls at Ilieir markel value as al Ihe balance sheet dale. Rtrallsed and uNealised gains lor losse51 are Grediled lor debiledl lo Ihe slalement of financial aclivilies in the year In which they arise. Financialliabllilles- Ifade credilors, accrua15 and olh8r creditors arè financlal SnslrurnÈnts, 8nd are Tneasured 81 amOrt￿e￿ Gosl asdetaikd in note 17. faxalion and social securily are not Included in IV* financial inslrumènls d￿ClOS￿[e dèfinilK)n. Deferred income 15 nol deemed lo be a financial Iiabilily. as the cash sett￿Men1 has alrea(ty taken and there 15 an Obl￿allOn lo dÈllver setvlces rather Ihan cash or anolher financlal Instru￿￿￿1 1.12 Golng Cot)cfrrn Al the lim@ of slgnlng the attounis, the TtU51ees have Cons￿￿d Ihe elfecl ofltE Cwnavlrus on Tr golng rx)ncem p0511ion, and conslder that IhÈ tharily will continuè lo operate fry a fEriod ol 81 lea5112 tnonlhs from Ihe dale of signing these accounls. This 15 due lo the levol ol funding alieady secured wilh key partrEis, Ihe furiher development of Iht online leHining pro￿s1on and Irading perf(Kmance which exce8(Ss budget in thè p8rlod lo 31. Decemi*r 2020 The charily conlinues lo ho￿ significgnl cash resewes and is ￿111$1￿9 Governmenl support where appropfiale. Allhough Ihe Ghaflly held negalive unreslricled reserves 8s al Ihe balance sheet (Jale. the wrrenl business Wan conlain5 an expeclalion Ihai If*se reseNes will revert lo 8 posilive balarte by 31. Augusl 2021. The original three year business plan Is currently bel￿ rèvlsed by Ihe executive leam and V￿11 be piesenled lo Ihe Board of Tw51ees. Tl lalesl forecasl lo 31. Augusl 2022 indicates Ihal the chaiily ￿ryI1 b8 able lo operale ￿1h1n Ilie facilities available lo il over Ihis Ilme period. on Ihal basls Ihe TnL8lees hav& prepareo these finanrial si3lemÈnts on a going concein bask5. 21 CHRISTIAN EDUCATION MOVEMENT IA company limited by guarantee) NOTES TO THE ACCOUNTS I¢ONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2020 Donations and 18gacies Unre5lricted fund8 RÈstfltted funds Total 2020 Total 2019 tlon8tions and gifts Legaci88 Receivable 756 1,000 9,207 2,663 9,963 3,663 9,233 1,756 11.870 13,626 9.233 Total 2019 167 9,066 9.233 Investment income Unrestricted funds Restricted funds Yotal 2020 Total 2019 Income from listed investments Interest rec8ivab18 2,897 153 11,773 14.670 153 22,824 271 3,050 11,773 14.823 23,095 Total 2019 11,264 11,831 23,095 22 CHRISTIAN EDUCATION MOVEMENT IA company limited by guarantee) NOTES TOTHE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2020 Income frorn charltable actlvltles Unrestri¢ted funds Restrl¢ted funds Total 2020 Tolal 2019 In furtherance of the charity's objectives 1,120.786 369.654 1,490.440 1,269,557 Total 2019 932,170 337,387 1,269.557 Induded within incorne r818ts.ng to in furthera￿￿ ol charity's objectives ale the following.. Uniestrlcted Restrlcted Total funds fund$ 2020 Total 2019 Unrestrictgd funds Grants from UK Goveinmenl Subscriptions 8 Memb8rship Consullancy and related fe8s confe￿nCeS and seminars Royalties and other income Income from sales ol publicats.ons 58,040 274,385 302.197 210.554 57,233 218,377 58,040 274,385 302,197 210.554 57,233 218.377 240,990 106.610 325.599 61,116 197,855 1,120,786 1,120,786 932,170 Restncted funds Giallt5 Irom trusts and busine5se5 369.654 369,654 337,387 1,120,786 369,654 1,490,440 1,269,557 Grants from the UK Government represent monies re￿iVed in ￿latiOn lo the Coronavirus Job Retention Scheme. Subscriplions represent rnonies recsived trom subsoribeis in return for termly mailing5 01 RE Today magazine and the appropriate curriculum book i.e. primary or se¢ondary publications. Mernbership repr8S8nts the NATRE membership monies, in which members receive the RE Today magazin8, curriculum books as a leirnly mailing but Can additionally benefit from monthly e-newslelters, free and discounted courses and RE Today r850ur¢es and th8 annual NATRE conference This Is a monlhty offer, not t8rmly as with the sub5¢ription5. Mailings lor academic interest entitle the subscriber to a copy of the British Journal for Rdigious Education. This publication is also available within NATRE memb8iship and RE Today subscriptions. 23 CHRISTIAN EOUCATION MOVEMENT IA company limited by guarantee) NOTES TO THEAGCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2020 Total re$ources expended staff cost8 Other ¢ost$ Total 2020 Total 2019 Depreciation Exp8nditur8 on raoslng funds 28,440 2.370 30,810 34.365 Gharltable actlvltles PIovi510n ol opportunities for learning Di18Ct C051s (note 61 Support costs (note 71 Governan¢e costs Inole 81 317,706 450.576 401,101 250,212 24.695 718,807 720,056 24.695 828,001 633,970 20,355 19,268 796.722 19.268 678,378 1.494,368 1.516,691 01 the lolal expenditure of £1.494,36812019'. £1.516,6911 £1,090.93712019'. £1,245,495> is allocated lo unrestrlcted funds and £403.43112019.. £271,196) is allocated to reslri¢led funds. Dlrect costs 2020 2019 Other direct costs COmPri5e". Unre5tii¢ted funds Project adviseis, 5tsff travel and other expenses Produc￿on of publications and other project expenditure 52,167 181,110 166.003 201.139 233,277 367.142 Restrlcted fund8 167.824 132.626 401.101 499,768 Support C05t5 2020 2019 Premi585 and ielated costs Stationery. postagè. tèlephone and related costs Other costs 62.225 20.633 167,354 33,867 29,784 146.736 250,212 210.387 oth&r costs of £167.35412019.' £146,736) comprisa expènditure relatiro to wmpui8r maiFlt8n8ncè, repairs and renewals, oth8r premis85 expenses. a¢counlan¢y support, bank and related charges incurred during the year. Governance costs 2020 2019 Legal professional fee8 Audit fee5 Board of Tru5tees' and Members, ol Comtnittee expenses 13.898 9,630 1,167 5.950 12,547 1,858 24,695 20,355 24 CHRISTIAN EDUCATION MOVEMENT IA company limited by guaraiiteel NOTES TOTHE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2020 Trustoes None ol Tru5te8s lor any person5 connected with them) re¢eived any remuneialion during the year. Six Irusle8S W reimbursed a lolal ol £1.167 Ir8velling expense512019.' Six were reimbursed £1.8581. 10 Employees Nurnber of employee5 Th8 8verage monthly number ol employees durirg the yearwas.. 2020 Number 2019 Number Chief Exocutive PA to Chief ExecutNe Business Developm8nt Dlrector Advisers PublicatK)n5 & Marketing Support slaff 21 20 Employment costs 2020 2019 Wages and salarles Social security cos15 Other pension costs 645,271 59.155 92,296 632,927 51,923 76.095 796.722 760,945 No employees rec8ived employee benefits lexcluding employer penson contribution) in excess of £60.000. The numb81 of staff to whom retirement benafits are accruirw under money purchase schemes is 1712019..161. Thè trustees consider its key managernenl personnel comprise the rn8n8gemen( team. The total employtnent benefits including employer p8n5ion contributions and employ8r national insurance contribub'ons of the key managément personn61 were £159,86512019'. £181,498). 11 Taxation The charity's activities during the year wer8 In accordan(￿ with its ¢haritab18 objects and no coiporation tax liability arises. 12 Translers Transfers of £53,04212019.. £14,558) were made Irorn un185t[￿ted funds to r8Stricted funds lo contrsbute to projects undertaken by th8 charity in connection with the specified aclivilie5. Transfers of £209,53512019.. £nill were mad8 from nre51ricled furKls lo endowment funds to restor8 funds of £209.535 which had been transferred in 2019 to contribute to general aelivits"es. 25 CHRISTIAN EDUCATION MOVEMENT IA company limited by guarantee) NOTES TO THE AccouHfs ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2020 13a Intangible fixed assets Software Total Cost At 1 September 2019 Transfeiied to tangible fix8d assets Additions 41,394 17541 25.405 41,394 17541 25,405 Al 31 August 2020 66,045 66.045 Amortisatlo At 1 September 2019 Charge lor the year Al 31 August 21r20 Net book value At 31 August 2020 66,045 66,045 Al 31 Augu512019 41.394 41,394 13b Tangible Ilxed assets Offl¢e equipment Flxtures & fittings Total Cost At 1 September 2019 Tr8nsfeiied from intangible fixed assets Additions Disposals 41,798 103,061 754 5.193 144,859 754 8,770 17551 3,577 17551 Al 31 August 2020 44,620 109.008 153.628 Depreciation At 1 September 2019 Charge lor lh8 y8ar On disposals 32.975 8,367 13571 40,513 10,901 73,488 19.268 13571 At 31 Augus12020 40,985 51,414 92.3g9 Net book value At 31 August 2020 3,635 57.594 61,229 Al 31 August 2019 8,823 62,548 71,371 26 CHRISTIAN EDUCATION MOVEMENT IA company limited by guarantee) NOTES TO THE ACCOUNTS ICONTINUEOI FOR THE YEAR ENDED 31 AUGUST 2020 14 Flxed asset investments CCLA CCLA Deposit Funds Investment Fund5 Total Market valuè at 1 Sep18rnber 2019 Additions 8t Cost Disposal proceeds Change in value in the year 441.678 209.535 1201,3451 14.018 44.913 486.791 209.535 1245,5351 14,028 144,1901 10 Market Val￿ at 31 August 2020 464,086 733 464,819 Historical cost-. At 31 August 2020 351,062 729 351,791 At 31 August 2019 336,835 44,913 381.748 1S stocks 2020 2019 stock5 01 publicatlOn5 lor resa 150,717 135,994 150,717 135,994 16 Debtors.. amounts falling dua wlthln one year 2020 2019 Trad8 debtors Other debtors Piepayments and accrued income 54,945 1,300 33,305 70,0 9.200 42,017 89,550 121.313 Debtors.. amounts falling due alter one year 2020 2019 Other d6btors 24,025 24,025 27 CHRISTIAN EDUCATION MOVEMENT IA company limited by guaranteel NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2020 17 Credttors= amounts falling due wlthln one y8ar 2020 2019 Trade ciedilors Taxes and Social security (X>S Other creditors Accrua15 Def&ired Income 13,820 16,215 6,822 130,400 121,577 45,440 26,850 6,035 114,215 103,276 288.834 295.816 GredStoYs.' amounts falllng due after more than one year 2020 2019 Bank Loans and Ovetdrafts 50.0(YJ The bank loan represents the capital amount repayable lor a Coronavirus BOun￿baCk Loan. This facility is provid8d by Lloyd5 Bank and supported l)y the Bounceback Loan Sch&me IBBLSI, which is managec5 by the British Busines5 Bank and supw)rted by the UK Government. The loan Is repayable over 72 months. with no inleresl payable and no repayments due for the first 12 months. Thereafter interest is chaigeable al 2.5UA pei annum. A minimum of £2.000 can be repaid al any time during the term with no penalty. Deferred Income movement 2020 881ance &t 1 September 2019 Incoming resources deferred in the current year Less'.amounts ieSeased 103,276 121,577 1103.2761 Balance at 31 August 2020 121,577 Deferred income ￿presents rnembership fees of £112,145 and subscriptions of £9,432 received in advan￿. 18 Pension costs Teachers, Penslon Scheme Some of the employees of the charity belong the Teachers. Pension Scheme fv)r England and Wale8. Thls scheme is 8 mulli-employ8r defined berefit Scheme. The lalgst aduarial valuation of the TPS related to the period ended 31 March 2016. As at the start ol the financial year the charity owed £104 in le8￿¢t ol outstanding contributions. Th85e were settled during the financial year. Th818 We￿ no outstanding or prepaid conliibulions 81 th6 end ol the linan¢ia1 year. The TeaC￿r$. Pension Scheme ITPSI 15 8 statutory, untiibutory, delIr￿d benefit scheme. governed by the T88chers' Pension Scheme Regulations 2014. Mernbeiship is aulom81ie for full t1rn8 teachers and leclurers and part lime teachers and leclur8rs following appointrnent or a change ol contract All teachers and ledurers have the option to Opt￿Ul of thè TPS following enrolmenl. The TPS is an unlunded scheme lo which both the m8rnber and employer make5 contributK)ns. a5 a pe￿ntage of salary- these contributions are ￿edIted to the Exchequer. Retirement and other pension benefits are paLd by public funds provided by Parliament 28 CHRISTIAN EDUCATION MOVEMENT IA company limlted by guarantèè) NOTES TOTHE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2020 18 Penslon costs.. contlnued Valuation ol the Teach8rs' Ponslon Scheme The Government Actuary, using normal actuarial principle5, conducts a foimal actuarial r8viEw of the TPS in accordance with the Public Service Pensions IV8Iu8tions and Employei Cost Capl Dir8cIIon5 2014 published by HM Treasury every 4 years. The aim ol the review 15 to speofy the level ol future contributions. Actuarial scheme valuations are dependent on assumptions about the value of future eosls. d85ign ol Lenelils and many other laclors The lalesl a¢luarial valuation of the TPS was carried out a5 al 31 March 2016. The valuation report was published by the Department lor Edvcalion on 5 M8rch 2019. The key 818tnents of the valuation and subsequent consultation ale." empbyer contribution rates set at 23.68°k of pensionable pay lincludiThJ a 0.08% adminislralion levyl total scheme li8bililies (pensions cUr￿n11Y in paytnenl and the estimaleis cost ol lulure benefits) for setviee to the effective date of £218,100 tnillion and notional assets (estimated lulure conliibutions logelher with the notional investments held al the valuation datel of £198,100 million. giving a notional past setvits deliat of £22.￿0 million the SCAPE r8te, set by HMT. is used to determine the notional investment return. The current SCAPE iale is 2.4Wo above the rale of CPI. assumed re81 rate olrelurn is 2.4% in excess of piices and 2% in extsss ol earnings. The rale ol ￿al earnings giowlh is assumed to be 2.2%. The assumed nominal late ol return including earnings growth is 4 45Dh. The nexl valuation result is du8 lo be implernented from fj April 2023. A copy ol the latest v8luats.on report can b& found by on the Teachers, Pension website at htt s..1￿.teac￿ers nsions.co.uklne ers12 1041teachers- ensions-valualion-re ort.as The employe¢s pension costs paid to TPS in year amounted to £45,66112019- £31,516). Undei the definitions sel out in FRS 102, th8 TPS is an unfU￿ed mulli-employer pension scheme. The charity has accounted foi its contributions lo the scheme as if it were a delined (x)nlribution schem8. The charity has set out above th infom)alion available on the schem8 Dgfined Contribution Pension Scheme CEKQ also participated in a defined contribution pension scheme. CEM contributed £46,63512019." £44,579) in year in respect of 17 employees12019.161. 19 Liability of members Christian Education Movement 15 conslituled 88 a company limi18d by guaranlee. In the event ol the ch8llty being wound up members ar8 reqUI￿d to contribute an amount not exceeding £1 29 CHRISTIAN EDUCATION MOVEMENT IA company limitèd by guarantèe) NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2020 20 Endowment lund5 Current year 2020 Movgrnont In funds Balance at1 Sgp 2019 Balance at 31 Aug 2020 Pemanent endowments Incorning resources R850urce5 Expended Transfers Investrnents gainslloss&s CE New FurKI 99,148 209,535 306,683 CE Churth Buildiw FurKJ 38,850 38,850 137.998 209.535 347,533 Prlor year 2019 ovetnont In funds Balance at1 Sep 2018 Balance at 31 Aug 2019 Permanent endowment Incoming resources Resources Expended Tran5fer$ InV￿tInents gainsllos5e$ CE New Endowmenl Fund 308,682 1209,534} 99,148 CE Church Buildlng F￿0 38,8￿) 38,850 347,532 1209,5341 137,998 The specia1 tIU5t funds ￿MprIse monies for whlch the charily has a ￿SponsIbl111Y in a Trustee capa¢ily. On 1 Sepl8tnber 2002, in accordance with the t8rm5 01 a Scheme approved by the Charity c(￿miSsIon. the Tiusteeship of the funds ¥VdS tran5feired from N81ional Chrkslian Education Council to Christian Education Movement. The CE N8w Endowrnenl fund was estaNi5hed to g8n8rate in¢om& to be applied sp&ufically towards making small grants lo young people, from ¢hurches in memberships ol the charily, towards r85idential cour58s, conferences and holidays. Incorne generated by the fund is credited directly to be re8lricled Income fund entitled the'Sm811 Grants Fund.. The Christian Education Church Building Fund Iformerty kni)wn 85 the Centenary Loan Fund) compii5es cap1tal rnonies to b8 applied in making Interest fr8e loans to churches in m8mbership ol the charity to enable them to support the improvement ol accommodatDn for children's and youth wotk. 30 CHRISTIAN EDUCATION MOVEMENT IA company limited by guarantee) NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2020 21 Restricted funds Current year 2020 Th8 income funds ol the charity indude r85tricted funds Compr151￿ the following unexpended balances of donations and grants held on for specific purposes.. Movernent In funds Balance at1 SÈp 2019 Balance at 31 Aug 2020 Incornlng resources Resource5 Expended Transfers Investments gains11055es NEW2RE- Early Careèr Developtntrnt NEW2RE (JD NEW￿RE IAII Saints) NEW￿RE IHockeiiif) ITE GonfÈrences IJTI ITE Conferences IKHI 58,403 43.000 20,000 6,000 138.0001 17,4951 12,2421 17,6701 12.0531 63,403 12,505 3,758 9,730 2,607 17,4(K) 4,660 Reglonal Infrastructure Project RE Support Infraslruclure ICSTGI RE Support Infiaslruclure IJTI RE Suppori Infr4slruclure INDI RE Support Infrasltuclure ISPS) 5.195 80,546 1,728 74,850 6.000 136,0301 138,9601 17781 11,5261 44,015 47,586 950 1,852 3,378 other Funds Prim8ry Memberslup Support IJD Shared Space Iweslhilll Spirlled Arts (Wesllilll IBRA Inlernalional FurKJ Small Gr8nls Fund Underslandlny I pKluring Islam Understanding Unbelief Understanding Chrisiianlty Frfwprlsons project Slnctly RE NATRE Leaisershlp Fun(S ICSTGI 8QIC (Tetnplelonl Primary 10(M) RE AwarÈness Nalional CuTriculum sy￿081uM Anll Ra￿s1 RE 4,350 3.586 37 45.129 96,679 4,500 16.2251 13.5861 111,8901 121,7741 2,626 7.0(YJ 11.871 11,772 19,905 4,853 35,226 108,451 1,830 118,0751 115.5011 139,0161 9,626 5.252 1,000 1,500 5,875 55,355 21.591 1,000 2,05S 3.343 5,000 10.000 58,135 34,884 2,875 6,522 12,250 14,4451 16,6571 181,1801 153,8281 16,0001 23,045 16.144 3.125 2,800 6.522 11,750 15(M)I 337,891 393.297 1403.4311 53,042 380,799 31 CHRISTIAN EDUCATION MOVEMENT IA company limited by guarantee) NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2020 21 R85tricted funds Icontinuedl Prlor year 2019 The income funds of the charily Include restricted funds comprising the following unexpend8d balan￿$ ol donations and grants held on lor specific purpose5'. Movement In funds Balan¢È at1 Sep 2018 Balance at 31 Aug 2019 Incomlng re50ur¢es Resources Expended Transfer5 Investments galnsllosses NEW2RE- Early Career Developmont NEW2RE IJTI NEW2RE I￿1 Sainlsl NEW2RE Isarum Sl Michae NEW2RE IHod