**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
## **31 AUGUST 2023**
**Company number: 04192501 Charity number: 1086990**
## **CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**
**Secretary**
**Charity Number**
**Company Number**
**Principal Address**
**Websites**
**Auditors**
**Bankers**
**Solicitors**|Mr Stephen Botham
Mrs Jane Chipperton
Mrs Carole Gallant
Mrs Pamela Draycott (Chair)
Mrs Lynda Maddock (resigned 22/09/2022)
Mr Philip Leivers
Ms Susan Leslie (Vice-Chair)
Mr Norman Richardson (resigned 12/10/2023)
Mrs Suzanne Wilson-Higgins (resigned 12/10/2023)
Mr Derek Holloway (appointed 13/10/2022)
Mrs Caroline L
Estrange (appointed 13/10/2022)
Mr David Legrand (appointed 13/10/2022)
Ms Zoë Keens
1086990
04192501
5/6 Imperial Court
12 Sovereign Road
Birmingham
B30 3FH
www.christianeducation.org.uk
www.retoday.org.uk
www.natre.org.uk
www.ibraglobal.org
www.understandingchristianity.org.uk
We also work closely with:
www.rootsontheweb.com
Cooper Parry Group Limited
Office 401
Two Chamberlain Square
Birmingham
B3 3AX
Lloyds Bank plc
43 Irongate
Derby
DE1 3FT
Pothecary Witham Weld
70 St Georges Square
London
SW1V 3RD
Veale Wasborough Vizards
Barnards Inn
86 Fetter Lane
London
EC4A 1AD
Anthony Collins Solicitors LLP
134 Edmund Street
Birmingham
B3 2ES|
|---|---|
## **CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **CONTENTS**
||**Page**|
|---|---|
||1 - 10|
|Independent Auditor
s Report|11 - 13|
|Statement of Financial Activities|14|
|Summary Income and Expenditure Account|15|
|Balance Sheet|16|
|Statement of Cash Flows|17|
|Notes to the accounts|18 - 34|
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**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **Year ended 31 August 2023**
The members of the Board of Trustees present their report together with the financial statements of Christian Education Movement for the year ended 31 August 2023. The report has been prepared in accordance with the Charities Act 2011 and constitutes a directors' report for the purposes of company legislation.
The financial statements have been prepared in accordance with the accounting policies set out on pages 21 to 22 of the attached financial statements and comply with the charitable company's memorandum and articles of association, applicable laws and the requirements of the Statement of Recommended Practice on "Accounting and Reporting by Charities" (FRS 102) issued in 2019.
## **Structure, governance and management**
Christian Education (CE), as the charity is generally known, is a company limited by guarantee (Company Registration No. 04192501 England and Wales) with the formal title of Christian Education Movement. It was incorporated on 2 April 2001 and was registered as a charity on 12 June 2001 (Charity Registration No. 1086990). In the event of the charity being wound up Trustees are required to contribute an amount not exceeding £1.
The conduct of its work is governed by a Memorandum and Articles of Association. The charity brings together different traditions of service, one dating from 1803 when the National Sunday School Union was founded, IBRA which was founded in 1882 and another, which comes via the Student Christian Movement in Schools, from 1892.
The Trustees, who are also the directors for the purpose of company law, who served during the year and up to the date of this report were:
Mr Stephen Botham Mrs Jane Chipperton Mrs Pamela Draycott (Chair) Mrs Carole Gallant Mrs Lynda Maddock (resigned 22/09/2022) Mr Philip Leivers Ms Susan Leslie (Vice-Chair) Mr Norman Richardson (resigned 12/10/2023) Mrs Suzanne Wilson-Higgins (resigned 12/10/2023) Mr Derek Holloway (appointed 13/10/22)
Mr David Legrand (appointed 13/10/2022)
The Board of Trustees are directors of the charitable company for the purposes of company legislation and Trustees for the purposes of charity legislation. The Board appoints the Chair and Vice-Chair of Christian Education.
The Board is ultimately responsible for the charity and meets on a regular basis (four times in 2022-23), three virtual meetings and one residential meeting to review developments and make decisions including approving the Annual Plan with its budget. The Board has appointed the Chair and Vice Chair as the Business Planning Group (BPG) to work on a 'between meetings' basis with the Chief Executive. The charity sponsors the daily operation of the National Association of Teachers of Religious Education (NATRE) which is separately constituted and led by its own elected Executive.
The Chief Executive is responsible for the day-to-day management of the charity and its work and reports to the Board on a formal basis at meetings, as well as informally between meetings. All members of staff, some of whom are based in the charity's offices in Kings Norton, Birmingham, and some of whom work remotely from their own homes, are accountable to the Chief Executive.
The Business Planning Group takes responsibility for processing nominations of Trustees. The charity from time to time makes personal approaches on recommendation to potential Board members. Candidates for service are considered from amongst those working with the charity in other capacities, those whom Trustees and staff encounter in their engagements with the Religious Education, Christian publishing communities and those responding to our recruitment notices.
Trustees are often co-opted to the Board initially and after formal agreement, new Trustees are provided with information outlining charity policy, strategy and working practices, and each makes a declaration of their eligibility to serve under current legislation. This set of guidance notes for all Trustees is updated periodically as new statements of policy etc. are agreed by the Board. All trustees are encouraged to attend appropriate training courses and to seek membership of relevant professional bodies.
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**(A company limited by guarantee)**
## **CHRISTIAN EDUCATION MOVEMENT**
## **Year ended 31 August 2023**
## **Working Relationships**
Throughout the period the charity has had a close working relationship with several organisations including:
## **Culham St Gabriel's (CSTG)**
RE Today and NATRE have been identified as key suppliers by CSTG and the team work actively to establish ways in which to strengthen and support the whole of the RE community.
## **ROOTS for Churches**
Christian Education is a partner in a separate charitable
Executive serves as a Director of ROOTS for Churches Limited. Every two months ROOTS publish two magazines: one for leaders of activities for children and young people, the other for worship leaders.
## **Religious Education Council**
Christian Education and NATRE are individually members of the Religious Education Council in England and Wales (REC). This is the coalition of professional and faith bodies, RE agencies, Trusts and Foundations with an interest in Religious Education. Every few years one of the Department for Education ministers addresses the Council, which meets at least twice a year.
## **RE Policy Unit**
RE Today, NATRE and REC work in partnership as the RE Policy Unit. We work together to promote the value of religious education, to ensure that its importance is recognised by all schools, policy makers and the media.
- **Council for Subject Associations CfSA**
NATRE is a member of the CfSA and is represented by Zoë Keens as a Board member, and Fiona Moss (CEO NATRE). CfSA is an umbrella organisation, independent of Government, which represents subject associations. Members of the CfSA benefit from the power of a unified voice, representing Subject Associations in informing educators, policy makers and media about research and professional practice informed approaches to the curriculum, pedagogy, teacher training and professional development.
- **RE Hubs Launched April 2022**
The RE Hubs project is dedicated to supporting Religious Education (RE), Religion, Values and Ethics (RVE) and Religion & Worldviews (R&W) teachers and practitioners in the UK. Our mission is to connect those who can provide resources with those who need them. We aim to create a neutral platform that brings all stakeholders together, filling the knowledge gap and equipping everyone within the RE/RVE/R&W ecosystem. The key focus is to provide an information exchange hub www.rehubs.uk for those who have services, resources, training and visits to benefit schools with those teachers who are looking to increase their teaching provision. The former Regional Infrastructure project was restructured to focus on being 9 Regional Hubs in England and 1 Hub in Wales, reflecting the DfE regional split. Each region is led by a RE Hub Lead recruited for their specific knowledge and experience in supporting RE/RVE in their local region. This project is led by Claire Clinton, Lead Director for England and Wales RE Hubs on behalf of the Steering Group which is made up of representatives from: REC, NATRE, AULRE, ARIEAC, TRS, NASACRE and CSTG (funder) and is managed on a day to day basis by RE Today.
## **Risk management**
The Trustees have a Risk Policy which is reviewed annually in January and the Risk Register which is reviewed on a continual basis to assess the major risks to which the charity is exposed. These relate to five key areas: Governance and Management, Operational, Financial, Environmental external / internal and Compliance.
The Trustees believe that by monitoring reserve levels, by ensuring controls exist over key financial systems, and by examining the governance, operational and business risks faced by the charity effective systems have been put in place to mitigate the risks.
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**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
**Year ended 31 August 2023**
## **Objectives and aims**
The Object of the charity is to advance education by promoting lifelong learning in religion and faith for all, as a positive contribution to the wellbeing of society.
The Trustees confirm that they have looked at Charity Commission guidance when setting the Objectives for the charity. The Trustee Board has considered the general guidance on public benefit and to its supplementary guidance on:
"The advancement of education; the advancement of religion; the advancement of human rights, conflict resolution or reconciliation of the promotion of religious or racial harmony or
Christian Education serves a wide range of people, individuals in their personal faith and those working in education. CE / RE Today provides support, training, research, and curriculum development. In turn our clients, customers and partners contribute ideas and support to the breadth of the work undertaken by CE.
In its work with Religious Education in schools, the charity is committed to an equally representative, ecumenical, and multi-faith / non-religious worldviews approach. The flagship service for those working in the field of Religious Education in schools is the termly magazine _REtoday_ and the termly curriculum books for primary and secondary teachers these publications are the foundation that all NATRE membership packages are built on. CE / RE Today work collaboratively with NATRE to support all RE practitioners.
Our core purpose as an organisation is to be a platform and foundation for equipping, supporting, and resourcing human flourishing across the globe through the development and provision of first-class Religious Education services, materials, guidance, and leadership.
## **RE Today Services**
A team of six RE Advisers focus their work on the professional development of teachers and are commissioned to advise schools, local authorities, SACREs, dioceses and others. The Advisers are all writers and editors for the charity's RE publications programme, enabling the maximisation of small resources for the benefit of a large percentage of the school population.
During 2022-23 RE Today and NATRE have continued working collaboratively with the REC and with the independently funded RE Policy Unit. It has been deemed a significant success with the breadth of project work that has included multiple media initiatives and approaches to government and the DfE. Other Trustees and staff serve on the governance of the REC.
## **NATRE**
The charity sponsors the subject teachers' association, the National Association of Teachers of Religious Education (NATRE), providing management services of administration and membership management alongside sales and marketing.
NATRE is a separately constituted organisation that runs autonomously with support provided by working in partnership with CE and RE Today Services. CE works collaboratively with, and takes direction from, the NATRE steering group to achieve the agreed aims. This is a mutually beneficial partnership that facilitates and enables teachers to have access to excellent knowledge and high-quality resources and advice.
NATRE supports a programme of projects, led by their steering group and executive and with professional service provision by RE Today. NATRE is consulted by the Department for Education, Ofsted, and other agencies, so that they can hear the voice of teachers of RE. NATRE is a member of the Council for Subject Associations (CfSA).
## **British Journal of Religious Education (BJRE)**
CE wholly owns and publishes original research papers in the British Journal of Religious Education (BJRE) published under contract by the academic journal specialist Taylor & Francis. BJRE publishes original research papers in print and digitally.
The Editorial Board meets annually but is active throughout the year developing opportunities to further the reach, and therefore the benefits,
Board, with a membership of Academics from Universities from across the world.
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**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **Year ended 31 August 2023**
## **Christian Education**
CE supports spiritual and faith development undertaken in the Christian community, especially through the provision of IBRA Bible .
CE is a member of Churches Together in Britain and Ireland (CTBI). Christian Education is a Body in Association with CTBI and Churches Together in England (CTE).
## **International Bible Reading Association (IBRA)**
_3_ (FFTW), the single annual publication, has sold consistently well although our readership is diminishing. David Painting is the editor, and the foreword was written by Rev Cindy Kent MBE.
Our UK readers have donated to our IBRA International Fund which assists international partner organisations in making versions of our Bible reading notes available in Africa, India, and the Pacific.
and encourage readers / visitors to
The IBRA website provides accessibility to the daily readings within engage with our international community, supported by daily updates on the Facebook pages and Twitter account.
## **Achievements and performance**
The following agreed objectives have been continued in 2022-23
- A. To develop best practice in teaching and learning in Religious Education in schools by the provision of pioneering support services and consultancy
- B. To become more visible in the field as the RE services provider, including the sponsorship and business development of the National Association of Teachers of Religious Education
- C. To encourage Christians to explore and articulate their own beliefs and values
- D. To build partnerships with other agencies engaged in the spiritual, moral, social, and cultural dimensions of education and learning, including with those working in higher education
- E. To monitor expenditure ensuring cost effectiveness, to maintain income levels in our various business streams and grow new income streams through strategic business development, that will be mutually beneficial to the organisation and community it serves. This will be achieved through the appropriate investment in training, systems, operations, and communications.
## **A. To develop best practice in teaching and learning in Religious Education in schools by the provision of pioneering support services and consultancy**
Our remarkable team of schools RE Advisers, Lat Blaylock, Stephen Pett, Fiona Moss, Angela Hill, Julia Diamond-Conway and Adam Robertson have continued to work with tremendous dedication and commitment to engage and fulfil unique development and project work. Working with Chelsey Miller Brown, they have continued to work incredibly hard to meet the needs of schools to support them as they recover from the impact of COVID, home-schooling and the impact of this on children and young people´s learning. We have continued to develop CPD training virtually.
W leaders and teachers also provides a breadth of Schemes of Work to further help teachers. This product continues to fit both requirement and budgets.
The web shops serving RE Today subscribers and NATRE members continue to support the teachers enabling them to access different high-quality products, provided by RE Today and other agencies. The new RE Teaching Resources web-shop was launched in Spring 2023.
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**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **Year ended 31 August 2023**
## **Publications**
Our curriculum series ~~**E**~~ **xploring Religion and Worldviews** (Primary) and **Investigating Worldviews** (Secondary) was launched in September 2022. The team continue to work exceptionally hard to produce all our publications including _REtoday_ magazine.
The REtoday Library has increasing online subscribers who have digital access to the full back catalogue of over 1450 searchable, indexed articles, resources, and activities. Each new edition of articles are added in line with the distribution date of the magazine. Access to the RE Today Library is freely available to all NATRE members in the new membership programme launched in October 2022.
**Understanding Christianity** (UC) Matter continues to be taught in over 7,700 schools, and the roll-out to all community schools has gained traction with over 800 trained. Training continues to be delivered online via webinar, and in person and the RE Today Learning Zone with the complete UC eLearning course due to be launched in Spring 2024.
UC is being embedded in to the RE curriculum and the pedagogy fits with the movement to change the subject to focus on Religion and Worldviews therefore, we consider that this work will continue for the next 3 years and be a resource that will support teachers into the future.
## **Model Agreed Syllabus:**
refresh their Locally Agreed Syllabus but have restricted budgets. This continues to be a popular solution and the schools are keen to buy the suite of Schemes of Works that support the syllabus. RE Today have been able to support further through the organisation and management of launch conferences. RE Today also offers additional resources to update Model Agreed Syllabus A and B with the addition of A+ and B+ versions.
## **Courses and conferences**
courses and CPD training continue to be popular and with careful research the team develop relevant, instructional and resource filled training, providing delegates with the ability to develop their thinking and understanding together. Knowledge Enhancement The way in which we work means that we can be responsive and reactive to meet the needs of SACREs, MATs, Schools and teachers at every stage of learning. We also create bespoke and tailored training as consultancy. The team also deliver pupil conferences (primary and secondary), webinars for CPD purposes and support at diocesan and local authority conferences. Course Evaluations continue to be excellent from both teachers and pupils at our events.
20% of courses were delivered 90 min sessions, providing after school training have become very popular.
## **B. To become more visible in the field as a RE services provider, including working in partnership with the National Association of Teachers of Religious Education (NATRE)**
**The National Association of Teachers of RE** is a highly engaged group of teachers including several who, as well as teaching in the classroom and being active within NATRE, are also undertaking higher level study. Katie Freeman was elected Chair of NATRE in March 2021 for a three year term. The benefit led NATRE membership has been designed to support teachers at every level of their career and continues to grow with retention levels and member sales increasing. This takes unique team working with NATRE and RE Today / CE and there is excellent collaborative work too that benefits Head teachers, RE Advisers, subject leaders, and teachers, those who are qualified and unqualified in the classroom.
**NATRE Spirited Arts competition** is in its 20th year and the competition to date has attracted over 530,000 participants since 2004. This year we received we received a staggering number of entries, with 38,500 children involved. Entries came from pupils aged 3-19 years old, Early Years Foundation Stage (EYFS) and Special Education Needs and Disabilities (SEND). We received artwork, sculpture, poetry, film and music compositions and, as always, it was a privilege and a challenge with some entries from as far a-field as Australia, Bahrain and Thailand.
**New2RE** is the backbone to the ITT/ECT NATRE membership and broadens out the level of support provided to all ECT. The aim of this work remains to enable teachers to develop their own strategies for teaching RE and support them at the start of their careers; it continues to help them to deepen their subject knowledge and teach Religion and Worldviews within RE with confidence. The monthly free webinars in the virtual NATRE café are a key component of this support structure.
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**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
**Year ended 31 August 2023**
## **C. To encourage Christians to explore and articulate their own beliefs and values.**
## **International Bible Reading Association (IBRA)**
2022 was the 140[th] anniversary of Fresh from The Word, and we have developed an online celebrity edition which captures the broad history of IBRA, our chronology of how we have reached around the World and supported hundreds of millions of readers through our rich history.
During 2022-23 over 4,000 copies of FfTW 2022 (Fresh from The Word) were printed in English and were also translated into 13 languages by our 13 IBRA international partners and distributed around the world this work impacts over 32 countries.
Over 4000 copies of FfTW 2022 were sold in the UK; it is encouraging to know that this title is of such personal benefit to our readers and partners, our thanks to David Painting and our team of over 50 international writers, the readings committee, and the steering committee.
The publishers are SPCK and we work closely to promote and increase the reach to increase our readership.
Fresh from The Word 2022 was distributed in American Samoa, Western Samoa, and Tokelau. IBRA materials circulate in Cameroon, the Congo, Fiji, Ghana, India, Nigeria, Portugal, and South Africa mostly translated into a local language.
The historical ethos of the IBRA continues in that the UK readership donate to support our international readers and £11,500 was defrayed in grants during the year to cover translation, printing, and distribution costs overseas. To ensure that as many partners benefit no grant application is fully funded. The full 100% of donations are distributed.
## **ROOTS for Churches**
There are over 14,000 regular users that take printed copies of one or both bi-monthly ROOTS magazines. These provide preparation and training for leaders in adult and all age worship services as well as those working with children and young people. The materials pick up themes from the lectionary readings for the Sunday and are widely used in Anglican, Methodist and Reform church communities. The print offer is reflected in the extensive resources through the website. The printed copies exceed 9,000 users, but there are approximately 12,500 active website users.
CE is one of the seven ecumenical partners behind the ROOTS project. It is a separately registered charity directed by Melanie Cave, Managing Director. Sample material is available on the website www.ROOTSontheweb.com. The back catalogue of worship resources is also available on the website to subscribers via a password.
## **D. To build partnerships with other agencies engaged in the spiritual, moral, social, and cultural dimensions of education and learning, including with those working in higher education**
## **British Journal of Religious Education (BJRE)**
There is a public benefit in CE building partnership with higher education and other bodies engaged in the spiritual, moral, social, and cultural dimensions of education and learning, taking forward the best of pedagogical thinking.
The editorial team is Editor -
- Dr Yonah Matemba, University of the West of
Scotland and Assistant Editor Dr David Lundie, University of Glasgow. The Editorial Board meets annually but is active thro
anet
Orchard and Linda Whitworth.
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**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
**Year ended 31 August 2023**
## **E. To monitor expenditure ensuring cost effectiveness, to maintain income levels in our various business streams and grow new income streams, including by appropriate investment in training, systems, and operations**
Finances have been carefully managed during the continuing financial uncertainty which has impacted our business through the cost of living crisis, global uncertainty, the impact on our primary client base of schools of the unbudgeted teacher payrise, on top of the challenge of the post-COVID environment. The financial processes continue to be robust and have proven invaluable in responding quickly to government guidelines in a changing environment and being able to provide a seamless service to our customers. On intellectual property we work with VWV (Veale Wasborough Vizards) on a project by project, case by case requirement to ensure that we are protecting CE/RE Today´s IP and copyright on a continuing basis.
## **People**
Chelsey Miller Brown, Adviser Relationship Manager, returned from maternity leave on 15[th] May 2023, handing over successfully with Sarah Bridges, Team Administrator, who provided maternity cover on a 12 month fixed term appointment. Sarah left on 9[th] June 2023 to take up alternative employment.
Adam Robertson, RE Adviser, left on 4[th] August 2023 having secured a new role with Oak Academy.
## **Future Plans**
## **Internal Operations**
**Remote Working** the team d internally, refining process and
**External Service Delivery** a challenge has been the ability to deliver contracts and commissioned work via Teams, Zoom and other platforms. This flexibility enables the whole organisation to work with more schools, teachers and education providers.
This delivery has become a key business development for the charity, with provision of CPD training being accessible for all teachers without the geographic limitations of face-to-face training. Clients including SACREs, MATs and teacher training providers have been early adopters of these products. In the business planning for 2023-24 this is built on with CEMIST and - business and marketing information that enables us to understand our markets needs and trends. The teachers and other RE practitioners enable people to access high quality training at a time and in a place that suits them.
## **Accounting policies - Going Concern**
At the time of signing the accounts, the Trustees consider that the charity will continue to operate for a period of at least 12 months from the date of signing these accounts. This is due to the level of funding already secured with key partners, the further development of the online learning provision and strong sales in key areas such as membership in the period to 31[st] December 2023. The charity continues to hold adequate cash reserves. Although the charity held negative unrestricted reserves as at the balance sheet date, the current business plan contains an expectation that these reserves will revert to a positive balance by 31[st] August 2025.
The business plan has been completely revised and was signed off by the Trustees in October 2022. The four year rolling budget was further reviewed and revised in January 2024 and was brought to the Trustee meeting in January 2024. The Business Plan is a comprehensive working document and lays out the strategy, direction of travel and implementation for the next year but looking forward to 2026. The latest forecast to 31[st] August 2026 indicates that the charity will be able to operate within the facilities available to it over this time period. On that basis the Trustees have prepared these financial statements on a going concern basis.
Zoë Keens and the team have continued to work on each element of the business internally and externally; assessing the potential and continued to look for opportunities within each market that each area benefits.
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**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **Year ended 31 August 2023**
## **Key strategic aims of each business strand:**
## **RE Today Services:**
bodies through consultancy, courses and excellent resources and the provision of resources to academies and academic trusts, all school types and supporting organisations.
**NATRE:** To be the best, most supportive, relevant and innovative subject association in the UK providing social networks, communities of understanding, resource provision, advice, guidance, sharing and understanding at affordable prices. **IBRA:** partnership working with SPCK, reduce all the costs, increase income and reaching new readers through their sales outlets. **CE:** Expand service provision and product base through partnership working and using excellent management systems. **BJRE:** To be the leading Academic journal for the study and research of Religious Education, increase further into international academic institutes.
partnership working with SPCK, reduce all the costs, increase income and reaching new readers through their sales outlets.
## **Organisational Aims:**
Significant work has continued during this year to fulfil the organisations aims focusing on four key areas:
1. Increase the engagement and commitment of the Board; auditing to ensure we have the right skills represented that reflect the work and business development of the charity.
2. Increase coherent and consistent working approaches and streamlined processes effectively using IT Infrastructure to support staff capacity and work more efficiently. This has been impacted by the completion of the CEMist database, which has been transformational in the financial and day to day management of the whole organisation, likewise the launch of the revised webshop, https://reteachingresources.co.uk and the launch of the RE Today Learning Zone.
3. Increase team working, develop the skill and confidence in each team member to fulfil their role.
4. Continue to build the organisational structure to focus on business growth through each of the business strands increasing gross margin, through which the whole of the team is involved and can understand where and how their work fits in to the business development and income generation.
## **Business Premises Kings Norton**
The five year rent review concluded in a contract renewal for the next five years. Staff continue to work either in the office or home based, as required.
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**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **Year ended 31 August 2023**
## **Financial review**
Incoming resources for the year totalled £1,642,506. These were well distributed between the main income streams, Subscription and NATRE membership income totalled £398,824. Consultancy and related fees generated £221,623, Conferences and training generated £315,540 and income from sale of publications amounted to £221,677. Grants from Trusts amounted to £393,489.
Resources expended amounted to £1,906,440 in the year. Approximately 49% of this total (£936,521) related to staff costs whilst the balance of expenditure was split between printing of publications, mailings, conferences and other charitable activities.
The net outgoing resources for the year after other recognised gains and losses and transfers between funds totals £275,332.
The balance sheet of the charity as at 31 August 2023 shows total funds of £853,321. These funds comprise unrestricted funds of (£92,257), restricted funds of £598,045 and endowment funds of £347,533.
Under the terms of a Charity Commission scheme dated 8 August 2002, CE is the trustee of certain endowment funds of the former National Christian Education Council (NCEC). These comprise monies for which the charity has responsibility in a trustee capacity. Income from the CEM New Endowment Fund is to be applied towards the making of small grants to young people from churches in membership of the charity towards residential courses, conferences and holidays. Income from the Christian Education Church Building Fund is to be applied for the general purposes of the charity. Details of the movements on the funds can be found in note 20 to the financial statements.
Restricted income funds comprise monies that have either been raised for, and their use restricted to, specific purposes, or they comprise donations subject to donor-imposed restrictions. Full details of the restricted income funds can be found in note 21 to the attached accounts together with an analysis of movements in the year.
## **Reserves policy**
As it is clear from the foregoing that the charity carries out a wide variety of activities, some of which comprise short term and externally funded pieces of work whilst others comprise longer term commitments requiring significant and ongoing financial investment.
The Trustees have examined the requirement for free reserves i.e. those unrestricted funds not invested in tangible fixed assets, designated for specific purposes or otherwise committed. The Board of Trustees is of the opinion that, given the nature of the charity's work, free reserves should equate to between three- and six-months planned expenditure at any point in time (for the financial year 2023/24, this would range from £520,103 to £1,040,205). The members of the Board of Trustees believe that this level of reserves provides sufficient flexibility to cover temporary shortfalls in incoming resources due to timing differences in income flows, to furnish adequate working capital to cover core costs and will allow the charity to cope with and respond to unforeseen emergencies whilst specific action plans are implemented.
The current year has been challenging and overheads have been diverted from restricted to unrestricted activity to develop new methods of delivery and to respond to the changing marketplace. Because of this the free reserves as at 31[st] August 2023 have dropped below the target and were negative as at the balance sheet date. However, the current business plan contains an expectation that these reserves will revert to a positive balance by 31[st] August 2025. The Business Plan 2022-23 was rewritten to present a comprehensive overview of the charity, its work for the next financial year, but with a forward vision for the next 4 years to 2026. This was agreed by the Board and is being implemented proactively by the team.
## **Articles of Association**
The Articles of Association reflect current charity law and reflect the current purposes and working practices of Christian Education Movement.
## **Investment Policy**
The charity has a Reserves policy, Investment Policy and Ethical Investment Policy, all of which are reviewed annually by Trustees. The charity's investments at 31 August 2023 comprised cash deposits of £733 and listed investments with a market value of £635,533. The funds are placed with CCLA in cash deposits, the investment fund (income) and property fund (income).
## **Key Management Personnel Remuneration**
The Board of Trustees delegate the day to day management to Zoë Keens the CEO. Her salary is benchmarked against similar positions within the sector and advice taken from recruitment consultants.
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**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **Year ended 31 August 2023**
## **Statement of Trustees' responsibilities**
The Trustees, who are also the directors of Christian Education Movement for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP (FRS 102);
- make judgments and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware:
- the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the
statements may differ from legislation in other jurisdictions.
## **AUDITORS**
Cooper Parry Group Limited have expressed their willingness to continue in office and will be proposed for re-appointment at the Annual General Meeting.
Approved by the Trustees on 7[th] March 2024 and signed on their behalf by:
Mrs Pamela Draycott
## **Chair**
10
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
**S REPORT**
## **TO THE MEMBERS OF CHRISTIAN EDUCATION MOVEMENT**
## **Opinion**
We have audited the financial statements of Christian Education Movement for the year ended 31 August 2023 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, Financial Reporting Standard applicable in the UK and Republic of (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- 2023, and of its incoming resources
- and application of resources, including its income and expenditure for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
statements
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
and
our Auditor s report thereon. The Trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Opinions on matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- is consistent with the financial statements; and applicable legal requirements.
11
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **S REPORT (continued)**
## **TO THE MEMBERS OF CHRISTIAN EDUCATION MOVEMENT**
## **Matters on which we are required to report by exception**
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or certain disclosures of Trustees
we have not received all the information and explanations we require for our audit; or the Trustees were not entitled to prepare the financial statements in accordance with the small regime and
to prepare a strategic report.
## **Responsibilities of Trustees**
As explained more fully in the Trustees trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below:
Our assessment focused on key laws and regulations the charitable company has to comply with and areas of the financial statements we assessed as being more susceptible to misstatement. These key laws and regulations included but were not limited to compliance with the Companies Act 2006, Charities Act 2011, taxation legislation, data protection, anti-bribery, and employment legislation.
We are not responsible for preventing irregularities. Our approach to detecting irregularities included, but was not limited to, the following:
-obtaining an understanding of the legal and regulatory framework applicable to the charitable company and how the charitable company is complying with that framework, including agreement of financial statement disclosures to underlying documentation and other evidence;
-obtaining an understanding of the charitable company´s control environment and how the charitable company has applied relevant control procedures, through discussions with Trustees and other management and by performing walkthrough testing over key areas;
-obtaining an understanding of the charitable company´s risk assessment process, including the risk of fraud;
-reviewing meeting minutes of those charged with governance throughout the year; and
-performing audit testing to address the risk of management override of controls, including testing journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.
Whilst considering how our audit work addressed the detection of irregularities, we also considered the likelihood of detection based on our approach. Irregularities arising from fraud are inherently more difficult to detect than those arising from error.
12
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **TO THE MEMBERS OF CHRISTIAN EDUCATION MOVEMENT**
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located at the Financial Reporting Council s ( FRC s ) website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor s report.
## **Use of our report**
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 Part 16 of the Companies Act 2006 ~~.~~ Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Glen Bott FCA
Senior Statutory Auditor for and on behalf of:
## **Cooper Parry Group Limited**
Statutory Auditor Office 401, Two Chamberlain Square, Birmingham B3 3AX
7[th] March 2024
13
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
|**Unrestricted**
**Restricted**
**Endowment**
**funds**
**funds**
**funds**
**Notes**
**£**
**£**
**£**
**Income and endowments from:**
Donations and legacies
2
300
7,640
-
Investments
3
192
18,105
-
Charitable activities
4
1,222,780
393,489
-
_______
_______
_______
**Total income**
1,223,272
419,234
-
_______
_______
_______
**Expenditure on:**
Raising funds
22,693
-
-
**Charitable activities**
Provision of opportunities for learning
1,271,374
612,373
-
_______
_______
_______
**Total expenditure**
5
1,294,067
612,373
-
_______
_______
_______
**Other recognised gains and losses**
(Losses)/Gains on investment assets 14
(11,398)
-
-
_______
_______
_______
**Net income**
(82,193)
(193,139)
-
**Transfer between funds**
12
-
-
-
_______
________
_______
**Net movement in funds**
(82,193)
(193,139)
-
Fund balances at 1 September 2022
(10,064)
791,184
347,533
_______
_______
_______
Fund balances at 31 August 2023
(92,257)
598,045
347,533|**Unrestricted**
**Restricted**
**Endowment**
**funds**
**funds**
**funds**
**Notes**
**£**
**£**
**£**
**Income and endowments from:**
Donations and legacies
2
300
7,640
-
Investments
3
192
18,105
-
Charitable activities
4
1,222,780
393,489
-
_______
_______
_______
**Total income**
1,223,272
419,234
-
_______
_______
_______
**Expenditure on:**
Raising funds
22,693
-
-
**Charitable activities**
Provision of opportunities for learning
1,271,374
612,373
-
_______
_______
_______
**Total expenditure**
5
1,294,067
612,373
-
_______
_______
_______
**Other recognised gains and losses**
(Losses)/Gains on investment assets 14
(11,398)
-
-
_______
_______
_______
**Net income**
(82,193)
(193,139)
-
**Transfer between funds**
12
-
-
-
_______
________
_______
**Net movement in funds**
(82,193)
(193,139)
-
Fund balances at 1 September 2022
(10,064)
791,184
347,533
_______
_______
_______
Fund balances at 31 August 2023
(92,257)
598,045
347,533|**Unrestricted**
**Restricted**
**Endowment**
**funds**
**funds**
**funds**
**Notes**
**£**
**£**
**£**
**Income and endowments from:**
Donations and legacies
2
300
7,640
-
Investments
3
192
18,105
-
Charitable activities
4
1,222,780
393,489
-
_______
_______
_______
**Total income**
1,223,272
419,234
-
_______
_______
_______
**Expenditure on:**
Raising funds
22,693
-
-
**Charitable activities**
Provision of opportunities for learning
1,271,374
612,373
-
_______
_______
_______
**Total expenditure**
5
1,294,067
612,373
-
_______
_______
_______
**Other recognised gains and losses**
(Losses)/Gains on investment assets 14
(11,398)
-
-
_______
_______
_______
**Net income**
(82,193)
(193,139)
-
**Transfer between funds**
12
-
-
-
_______
________
_______
**Net movement in funds**
(82,193)
(193,139)
-
Fund balances at 1 September 2022
(10,064)
791,184
347,533
_______
_______
_______
Fund balances at 31 August 2023
(92,257)
598,045
347,533|**Unrestricted**
**Restricted**
**Endowment**
**funds**
**funds**
**funds**
**Notes**
**£**
**£**
**£**
**Income and endowments from:**
Donations and legacies
2
300
7,640
-
Investments
3
192
18,105
-
Charitable activities
4
1,222,780
393,489
-
_______
_______
_______
**Total income**
1,223,272
419,234
-
_______
_______
_______
**Expenditure on:**
Raising funds
22,693
-
-
**Charitable activities**
Provision of opportunities for learning
1,271,374
612,373
-
_______
_______
_______
**Total expenditure**
5
1,294,067
612,373
-
_______
_______
_______
**Other recognised gains and losses**
(Losses)/Gains on investment assets 14
(11,398)
-
-
_______
_______
_______
**Net income**
(82,193)
(193,139)
-
**Transfer between funds**
12
-
-
-
_______
________
_______
**Net movement in funds**
(82,193)
(193,139)
-
Fund balances at 1 September 2022
(10,064)
791,184
347,533
_______
_______
_______
Fund balances at 31 August 2023
(92,257)
598,045
347,533|**Total**
**2023**
**£**
7,940
18,297
1,616,269
_______
1,642,506
_______
22,693
1,883,747
_______
1,906,440
_______
(11,398)
_______
(275,332)
-
_______
(275,332)|**Total**
**2022**
**£**
10,077
18,075
1,704,830
_______
1,732,982
_______
23,219
1,567,340
_______
1,590,559
_______
(31,481)
_______
110,942
-
_______
110,942
1,017,711
_________
1,128,653|
|---|---|---|---|---|---|
||(10,064)
_______
(92,257)|791,184
_______
598,045|347,533
_______
347,533|1,128,653
_______
853,321||
All income and expenditure relates to continuing activities and represents all gains and losses recognised during the year. All of the activities of the charitable company are classified as continuing.
The notes on pages 18 to 34 form part of these financial statements.
14
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **SUMMARY INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
||**2023**|**2022**|
|---|---|---|
||**£**|**£**|
|Income|1,624,209|1,714,907|
|Expenditure|(1,906,440)|(1,590,559)|
||_______|_______|
|**Net operating surplus**|(282,231)|124,348|
|Investment income|18,297|18,075|
||_______|_______|
|**Net surplus for the year**|(263,934)|142,423|
The notes on pages 18 to 34 form part of these financial statements.
15
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **BALANCE SHEET**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **Registration Number 04192501**
|Notes
£
**Fixed assets**
Intangible assets
13a
Tangible assets
13b
Investments
14
**Current assets**
Stocks
15
80,034
Debtors: Amounts falling due within one year
16
147,932
Debtors: Amounts falling due after one year
16
12,084
Cash at bank and in hand
164,919
_______
404,969
**Creditors: amounts falling due within**
**one year**
17
(481,220)
_______
**Net current assets**
**Total Assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
17
**Net Assets**
**Capital funds**
Endowment funds
20
**Income funds**
Restricted funds
21
Unrestricted funds:
Designated funds
22
General funds
22|**2023**
**2022**
£
£
£
277,082
309,059
33,724
37,888
636,266
647,664
________
_________
947,072
994,611
91,710
119,117
12,084
353,598
_______
576,509
(414,967)
________
(76,251)
161,542
870,821
1,156,153
(17,500)
(27,500)
________
_________
853,321
1,128,653
347,533
347,533
598,045
791,184
310,806
346,947
(403,063)
(357,011)
________
_________
853,321
1,128,653|
|---|---|
The notes on pages 18 to 34 form part of these financial statements.
These financial statements were approved by the Board of Trustees on the 7[th] March 2024 and are signed on their behalf by:
Mrs Pamela Draycott **Chair**
16
**(A company limited by guarantee)**
## **CHRISTIAN EDUCATION MOVEMENT**
## **STATEMENT OF CASH FLOWS**
## **AS AT 31 AUGUST 2023**
|**Cash flows from operating activities**
Net movement in funds
Interest received
Decrease in stock
(Increase) in debtors
Increase in creditors
Amortisation/depreciation
**Net cash flow from operating activities**
**Cash flows from investing activities**
Interest received
Purchase of fixed assets
Loss on investment assets
**Net cash flow from investing activities**
**Cash flows from financing activities**
Bank Loan repaid
**Net cash flow from financing activities**
**Net increase in cash and cash equivalents**
**Cash and cash equivalents at 1 September 2022**
**Cash and cash equivalents at 31 August 2023**
**Cash and cash equivalents consist of:**
Cash at bank and in hand
**Cash and Cash equivalents at 31 August 2023**|**2023**
**£**
(275,332)
(18,297)
11,676
(28,815)
66,253
152,959
(91,556)
18,297
(116,818)
11,398
(87,123)
(10,000)
(10,000)|**2022**
**£**
110,942
(18,075)
25,319
(36,319)
15,078
13,565|
|---|---|---|
|||110,510|
|||18,075
(97,711)
31,481|
|||(48,155)|
|||(10,000)|
|||(10,000)|
||(188,679)
353,598
164,919
**2023**
**£**
164,919
164,919|52,355
301,243
353,598
**2022**
**£**
164,919|
|||164,919|
17
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **1 Accounting policies**
## **1.1 Accounting convention**
Christian Education Movement is a registered company limited by guarantee with registered charity status, in the United Kingdom. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information page of these financial statements.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP 2019), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **1.2 Income recognition**
Incoming resources are recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor or funder has specified that the income is to be expended in a future accounting period.
Grants from government and other agencies have been included as income from charitable activities where these amount to a contract for services or where they are given towards the furtherance of specific activities, but as donations where the funds are given in response to an appeal or with the greater freedom of use, for example monies for core funding.
Legacies are included in the statement of financial activities when the charity is advised by the personal representatives of an estate that payment will be made or property transferred and the amount involved can be quantified.
**1.3 Expenditure recognition** Expenditure is included in the statement of financial activities when incurred and includes any attributable VAT which cannot be recovered. Resources expended comprise the following:
The cost of generating funds represents staff costs incurred in generating grants and donated income.
The costs of charitable activities comprise expenditure on providing opportunities for learning about the Christian faith particularly to children and young people and those engaged in their development. The costs include the direct and the indirect (or support) costs associated with these activities.
Support costs represent indirect charitable expenditure. In order to carry out the primary purpose of the charity it is necessary to provide support in the form of personnel development, financial procedures, provision of office services and equipment and a suitable working environment. The support costs are allocated wholly to charitable activities. Governance costs comprise the costs which are directly attributable to the governance of the charity and the necessary legal procedures for compliance with statutory requirements.
## **1.4 Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Freehold buildings 2% on a straight line basis Office equipment 33% on a straight line basis Fixtures and fittings 10% on a straight line basis
All tangible fixed assets costing more than £500 and with an expected useful life exceeding one year are capitalised.
## **1.5 Leasing and hire purchase commitments**
Rentals payable under operating leases are charged against income on a straight-line basis over the period of the lease
.
## **1.6 Investments**
Listed investments are included in the financial statements at their market value as at the balance sheet date. Realised and unrealised gains (or losses) are credited (or debited) to the statement of financial activities in the year in which they arise.
18
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **1.7 Stock and work in progress**
Stocks consist of publications and are valued at the lower of cost and net realisable value with provision being made for any obsolete or damaged goods, and regular review of stock items to ensure that holding cost is in line with this policy. The Board regularly reviews its policy on the write-down of stock.
**1.8 Pensions** contribution pension schemes to which the charity makes contributions based on a fixed proportion of pensionable salary. The attributable pension costs included in the financial statements represent the contributions payable to such schemes in respect of the accounting period.
Retirement benefits to some of the employees of the Charity are provided by the Teachers' Pension Scheme ("TPS"). This is a defined benefit scheme. working lives with the Charity in such a way that the pension cost is a substantially level percentage of current and future pensionable payroll. The contributions are determined by the Government Actuary on the basis of quadrennial valuations using a prospective unit credit method. TPS is an unfunded multi-employer scheme with no underlying assets to assign between employers. Consequently, the TPS is treated as a defined contribution scheme for accounting purposes and the contributions recognised in the period to which they relate.
## **1.9 Funds**
General funds represent those monies which are freely available for application towards achieving any charitable purpose that falls within
Special trust funds comprise monies for which the charity has responsibility in trustee capacity. Income from the CEM New Endowment Fund is credited to restricted income funds and applied towards the making of small grants to young people from churches in membership of the charity towards residential courses, conferences and holidays. Income from the Christian Education Church Building Fund is credited to general funds and applied for the general purposes of the charity.
Restricted funds comprise monies raised for, or their use restricted to a specific purpose, or contributions subject to donor imposed conditions.
Designated funds comprise monies set aside by the Board of Trustees out of unrestricted general funds for specific purposes or projects.
**1.10 Intangible fixed assets and amortisation** Intangible fixed assets are stated at cost less amortisation. Amortisation only commences when the asset has been brought into use and is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Software 20% on a straight line basis
All intangible fixed assets costing more than £500 and with an expected useful life exceeding one year are capitalised.
**1.11 Financial Instruments** The Charity only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the Charity and their measurement bases are as follows:
_Financial assets_ - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost as detailed in note 16. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at face value. Listed investments are included in the financial statements at their market value as at the balance sheet date. Realised and unrealised gains (or losses) are credited (or debited) to the statement of financial activities in the year in which they arise.
_Financial liabilities_ - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost as detailed in note 17. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.
## **1.12 Going Concern**
At the time of signing the accounts, the Trustees consider that The Charity will continue to operate for a period of at least 12 months from the date of signing these accounts. This is due to the level of business generation, income and funding secured with key partners. The Charity continues to hold significant cash reserves.
Although the charity held negative unrestricted reserves as at the balance sheet date, the charity has significant designated reserves and the current business plan contains an expectation that the unrestricted reserves will revert to a positive balance by 31[st] August 2025.
The latest forecast to 31[st] August 2025 indicates that the charity will be able to operate within the facilities available to it over this time period. On that basis the Trustees have prepared these financial statements on a going concern basis.
19
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **2 Donations and legacies**
|**2**
**Donations and legacies**||||
|---|---|---|---|
|**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Donations and gifts
300
7,640
Legacies Receivable
-
-
_______
_______
300
7,640
Total 2022
250
9,827
**3**
**Investment income**
**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Income from listed investments
192
18,105
_______
_______
192
18,105
Total 2022
169
17,906||**Total**
**2023**
**£**
7,940
-
_______
7,940
10,077
**Total**
**2023**
**£**
18,297
_______
18,297
18,075|**Total**
**2022**
**£**
10,077
-
_______
10,077
**Total**
**2022**
**£**
18,075
_______
18,075|
|||||
|||||
20
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **4 Income from charitable activities**
|**Income from charitable**|**activities**||||
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**funds**|**funds**|**2023**|**2022**|
||**£**|**£**|**£**|**£**|
|In furtherance of the|1,222,780|393,489|1,616,269|1,704,830|
|Total 2022|1,216,841|487,989|1,704,830||
||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|
||**funds**|**funds**|**2023**|**2022**|
||**£**|**£**|**£**|**£**|
|_Unrestricted funds_|||||
|Grants from UK Government|-|-|-|3,147|
|Subscriptions & Membership|398,824|-|398,824|376,911|
|Consultancy and related fees|221,623|-|221,623|160,343|
|Conferences and seminars|315,540|-|315,540|337,880|
|Royalties and other income|65,116|-|65,116|52,843|
|Income from sales of publications|221,677|-|221,677|285,717|
||_______|_______|_______|_______|
||1,222,780|**-**|1,222,780|1,216,841|
||||||
||_______|_______|_______|_______|
|_Restricted funds_|||||
|Grants from trusts and businesses|-|393,489|393,489|487,989|
||_______|_______|_______|_______|
||1,222,780|393,489|1,616,269|1,704,830|
Grants from the UK Government represent monies received in relation to the Coronavirus Job Retention Scheme.
Subscriptions represent monies received from subscribers in return for termly mailings of RE Today magazine and the appropriate curriculum book i.e. primary or secondary publications.
Membership represents the NATRE membership monies, in which members receive the RE Today magazine, curriculum books as a termly mailing but can additionally benefit from monthly e-newsletters, free and discounted courses and RE Today resources and the annual NATRE conference. This is a monthly offer, not termly as with the subscriptions.
Mailings for academic interest entitle the subscriber to a copy of the British Journal for Religious Education. This publication is also available within NATRE membership and RE Today subscriptions.
21
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **5 Total resources expended**
|**Total resources expended**||||||
|---|---|---|---|---|---|
||**Staff**|**Amortisation/**|**Other**|**Total**|**Total**|
||**costs**|**depreciation**|**costs**|**2023**|**2022**|
||**£**|**£**|**£**|**£**|**£**|
|**Expenditure on raising funds**|20,370|-|2,323|22,693|23,219|
|**Charitable activities**||||||
|Provision of opportunities for learning||||||
|Direct costs (note 6)|380,941|-|501,031|881,972|788,714|
|Support costs (note 7)|535,210|152,959|286,996|975,165|758,440|
|Governance costs (note 8)|-|-|26,610|26,610|20,186|
||_______|_______|_______|_______|_______|
||936,521|152,959|816,960|1,906,440|1,590,559|
Of the total expenditure of £1,906,440 (2022: £1,590,559), £1,294,067 (2022: £1,317,530) is allocated to unrestricted funds and £612,373 (2022: £273,029) is allocated to restricted funds.
## **6 Direct costs**
## **7**
|Other direct costs comprise:
**Unrestricted funds**
Project advisers, staff travel and other expenses
Production of publications and other project expenditure
**Restricted funds**
**Support costs**
Premises and related costs
Stationery, postage, telephone and related costs
Other costs|**2023**
**£**
47,139
148,194
_______
246,967
305,698
_______
501,031
**2023**
**£**
78,398
17,771
190,827
_______
286,996|**2022**
**£**
35,502
211,465
_______
246.967
160,399
_______
407,366
**2022**
**£**
76,186
15,207
157,347
_______
248,740|
|---|---|---|
Other costs of £190,827 (2022: £157,347) comprise expenditure relating to computer maintenance, repairs and renewals, other premises expenses, accountancy support, bank and related charges incurred during the year.
## **8 Governance costs**
|**Governance costs**||||
|---|---|---|---|
|||**2023**|**2022**|
|||**£**|**£**|
|Legal and professional|fees|15,838|11,675|
|Audit fees||9,025|8,340|
|||1,747|171|
|||_______|_______|
|||26,610|20,186|
22
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **9 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration during the year. All of the trustees were reimbursed travelling expenses. The total value of expenses reimbursed in 2023 was £1,747 (2022: One of the trustees was reimbursed £171).
## **10 Employees**
## **Number of employees**
The average monthly number of employees during the year was:
|Chief Executive
PA to Chief Executive
Business Development Director
Advisers
Publications & Marketing
Support staff
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2023**
**Number**
1
1
1
7
7
6
_______
23
**2023**
**£**
752,370
74,158
109,993
_______
936,521|**2022**
**Number**
1
1
1
6
7
7
_______
23
**2022**
**£**
727,599
69,388
101,392
_______
898,379|
|---|---|---|
One employee received employee benefits (excluding employer pension contribution) in the banding of £60,000 to £70,000 (2022: One).
The trustees consider its key management personnel comprise the management team. The total employment benefits including employer pension contributions and employer national insurance contributions of the key management personnel were £170,268 (2022: £163,837).
## **11 Taxation**
s charitable objects and no corporation tax liability arises.
## **12 Transfers**
No **t** ransfers (2022: £nil) were made from unrestricted funds to restricted funds.
23
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **13a Intangible fixed assets**
|**Cost**
At 1 September 2022
Additions
At 31 August 2023
**Amortisation**
At 1 September 2022
Charge for the year
At 31 August 2023
**Net book value**
At 31 August 2023
At 31 August 2022|**Software**
**£**
309,059
106,565
_______
415,624
_______
-
138,542
_______
138,542
_______
277,082
309,059|**Total**
**£**
309,059
106,565
_______
415,624
_______
-
138,542
_______
138,542
_______
277,082
309,059|
|---|---|---|
## **13b Tangible fixed assets**
|**Office**
**equipment**
**£**
**Cost**
At 1 September 2022
48,868
Additions
4,371
_______
At 31 August 2023
53,239
_______
**Depreciation**
At 1 September 2022
47,267
Charge for the year
2,874
_______
At 31 August 2023
50,141
_______
**Net book value**
At 31 August 2023
3,098
At 31 August 2022
1,601|**Fixtures**
**& fittings**
**£**
109,558
5,882
_______
115,440
_______
73,271
11,543
_______
84,814
_______
30,626
36,287|**Total**
**£**
158,426
10,253
_______
168,679
_______
120,538
14,417
_______
134,955
_______
33,724
37.888|
|---|---|---|
24
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee) NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **14 Fixed asset investments**
|**14**
**Fixed asset investments**||||
|---|---|---|---|
|
Market value at 1 September 2022
Change in value in the year
Market value at 31 August 2023
Historical cost:
At 31 August 2023
At 31 August 2022
**15**
**Stocks**
Stocks of publications for resale
**16**
**Debtors: amounts falling due within one year**
Trade debtors
Other debtors
Prepayments and accrued income
**Debtors: amounts falling due after one year**
Other debtors|**CCLA**
**Investment**
**Funds**
**£**
646,931
(11,398)
_______
635,533
466,527|**CCLA**
**Deposit**
**Funds**
**£**
733
-
_______
733
729|**Total**
**£**
647,664
(11,398)
_______
636,266
467,256
467,256
**2022**
**£**
91,710
_______
91,710
**2022**
**£**
81,368
6,344
31,405
_______
119,117
**2022**
**£**
12,084|
||466,527|729
**2023**
**£**
80,034
_______
80,034
**2023**
**£**
109,988
10,637
27,407
_______
147,932
**2023**
**£**
12,084||
25
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee) NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
|**17**
**Creditors: amounts falling due within one year**
Trade creditors
Taxes and social security costs
Other creditors
Accruals
Deferred income
Bank Loans and Overdrafts
**Creditors: amounts falling due after more than one year**
Bank Loans and Overdrafts|**2023**
**£**
104,988
19,661
6,906
94,390
245,275
10,000
_______
481,220
**2023**
**£**
17,500|**2022**
**£**
42,809
17,056
7,161
154,596
183,345
10,000
_______
414,967
**2022**
**£**
27,500|
|---|---|---|
The bank loan represents the capital amount repayable for a Coronavirus Bounceback Loan. This facility is provided by Lloyds Bank and supported by the Bounceback Loan Scheme (BBLS), which is managed by the British Business Bank and supported by the UK Government. The loan is repayable over 72 months, with no interest payable and no repayments due for the first 12 months. Thereafter interest is chargeable at 2.5% per annum. A minimum of £2,000 can be repaid at any time during the term with no penalty.
|**Deferred income movement**|**2023**|
|---|---|
||**£**|
|Balance at 1 September 2022|183,345|
|Incoming resources deferred in the current year|245,275|
|Less: amounts released|(183,345)|
||_______|
|Balance at 31 August 2023||
||245,275|
Deferred income represents membership fees of £210,399, subscriptions of £3,555 received in advance, and training/consultancy fees of £31,321 billed in advance.
## **18 Pension costs**
## **Teachers' Pension Scheme**
Some of the employees of the charity belong the Teachers' Pension Scheme for England and Wales. This scheme is a multi-employer defined benefit scheme. The latest actuarial valuation of the TPS related to the period ended 31 March 2020.
There were no outstanding or prepaid contributions at the end of the financial year.
Pension Scheme Regulations 2014. Membership is automatic for full time teachers and lecturers and part time teachers and lecturers following appointment or a change of contract. All teachers and lecturers have the option to opt-out of the TPS following enrolment.
The TPS is an unfunded scheme to which both the member and employer makes contributions, as a percentage of salary - these contributions are credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.
26
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee) NOTES TO THE ACCOUNTS (CONTINUED)**
**FOR THE YEAR ENDED 31 AUGUST 2023**
## **18 Pension costs: continued**
## **Valuation of the Teachers' Pension Scheme**
The Government Actuary, using normal actuarial principles, conducts a formal actuarial review of the TPS in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2014 published by HM Treasury every 4 years. The aim of the review is to specify the level of future contributions. Actuarial scheme valuations are dependent on assumptions about the value of future costs, design of benefits and many other factors. The latest actuarial valuation of the TPS was carried out as at 31 March 2020. The valuation report was published by the Department for Education on 27 October 2023. The key elements of the valuation and subsequent consultation are:
- employer contribution rates set at 28.68% of pensionable pay (including a 0.08% administration levy) from 1[st] April 2024 (contribution rate to 31[st] March 2024 is set at 23.68% of pensionable pay, as set by the 31[st] March 2019 valuation).
- total scheme liabilities (pensions currently in payment and the estimated cost of future benefits) for service to the effective date of £262,000 million and notional assets (estimated future contributions together with the notional investments held at the valuation date) of £222,200 million, giving a notional past service deficit of £39,800 million
- the SCAPE rate, set by HMT, is used to determine the notional investment return. The current SCAPE rate is 1.7% above the rate of CPI.
- - https://www.teacherspensions.co.uk/news/employers/2019/04/valuation report release.aspx
The employer's pension costs paid to TPS in the year amounted to £50,658 (2022 - £49,960).
Under the definitions set out in FRS 102, the TPS is an unfunded multi-employer pension scheme. The charity has accounted for its contributions to the scheme as if it were a defined contribution scheme. The charity has set out above the information available on the scheme.
## **Defined Contribution Pension Scheme**
CEM also participated in a defined contribution pension scheme. CEM contributed £59,335 (2022: £54,432) in the year in respect of 18 employees (2022:18).
## **19 Liability of members**
Christian Education Movement is constituted as a company limited by guarantee. In the event of the charity being wound up members are required to contribute an amount not exceeding £1.
27
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
**FOR THE YEAR ENDED 31 AUGUST 2023**
## **20 Endowment funds**
**Current year 2023**
|**Balance**
**Movement**
**Permanent endowments**
**at 1 Sep**
**2022**
**Incoming**
**resources**
**Resources**
**Expended**
**£**
**£**
**£**
CE New Endowment Fund
308,683
-
-
CE Church Building Fund
38,850
-
-
347,533
-
-
**rior year 2022**
**Balance**
**Movement**
**Permanent endowments**
**at 1 Sep**
**2021**
**Incoming**
**resources**
**Resources**
**Expended**
**£**
**£**
**£**
CE New Endowment Fund
308,683
-
-
CE Church Building Fund
38,850
-
-
347,533
-
-|**in funds**
**Transfers**
**Investments**
**gains/losses**
**£**
**£**
-
-
-
-
-
-
**in funds**
**Transfers**
**Investments**
**gains/losses**
**£**
**£**
-
-
-
-
-
-|**Balance**
**at 31 Aug**
**2023**
**£**
308,683
38,850|
|---|---|---|
|||347,533|
|||**Balance**
**at 31 Aug**
**2022**
**£**
308,683
38,850|
|||347,533|
**Prior year 2022**
The special trust funds comprise monies for which the charity has a responsibility in a Trustee capacity. On 1 September 2002, in accordance with the terms of a Scheme approved by the Charity Commission, the Trusteeship of the funds was transferred from National Christian Education Council to Christian Education Movement.
The CE New Endowment fund was established to generate income to be applied specifically towards making small grants to young people, from churches, towards residential courses, conferences and holidays. Income generated by the fund is credited directly to
The Christian Education Church Building Fund (formerly known as the Centenary Loan Fund) comprises capital monies to be applied in making interest free loans to churches in membership of the charity to enable them to support the This Fund no longer functions as a membership organisation .
On 4[th] September 2023 the Board of Trustees, in consultation with the Charity Commission, resolved to combine the special trust funds with the main Charity, and adopt the total return investment method of accounting, thereby releasing any returns from the endowed funds for unrestricted future use in the development of the Charity.
28
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **21 Restricted funds**
## **Current year 2023**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on for specific purposes:
|**Balance**
**Movement**
**at 1 Sep**
**2022**
**Incoming**
**resources**
**Resources**
**Expended**
**£**
**£**
**£**
**NEW2RE - Early Career**
**Development**
NEW2RE (JT)
30,062
-
(16,214)
NEW2RE (All Saints)
27,082
-
(14,606)
NEW2RE (Hockerill)
8,128
-
(4,384)
ITE Conferences (JT)
4,781
-
(4,318)
ITE Conferences (KH)
2,001
-
(1,807)
ITE Conferences (Hockerill)
-
2,500
-
ITE Conferences (St Matthias)
-
5,000
-
**Regional Infrastructure Project**
RE Support Infrastructure (CSTG)
51,218
50,000
(80,393)
RE Support Infrastructure (JT)
15,488
60,000
(59,956)
RE Support Infrastructure (others)
-
100
(100)
**Other Funds**
Spirited Arts (Westhill)
3,188
-
(3,188)
Spirited Arts (St Matthias)
854
-
(854)
Spirited Arts (others)
-
2,000
(91)
IBRA International Fund
26,048
7,640
(15,428)
Small Grants Fund
141,011
18,105
(1,354)
Understanding / picturing Islam
177,970
-
(26,950)
Understanding Unbelief
(1,125)
9,974
(6,567)
Understanding Christianity
174,799
100,000
(162,078)
NATRE Leadership Fund (CSTG)
9,113
1,000
(1,937)
BQiC (Templeton)
80,170
34,960
(115,130)
Primary 1000
25,809
-
(9,000)
RE Awareness
9,250
-
(3,500)
NATRE Chair
2,837
4,000
(4,760)
RE Plus Environment
2,500
3,955
(4,777)
UC Development
-
120,000
(74,981)
791,184
419,234
(612,373)|**in funds**
**Transfers**
**Investments**
**gains/losses**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Balance**
**at 31 Aug**
**2023**
**£**
**13,848**
**12,476**
**3,744**
**463**
**194**
**2,500**
**5,000**
**20,825**
**15,532**
**-**
**-**
**-**
**1,909**
**18,260**
**157,762**
**151,020**
**2,282**
**112,721**
**8,176**
**-**
**16,809**
**5,750**
**2,077**
**1,678**
**45,019**|
|---|---|---|
|||598,045|
29
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **21 Restricted funds (continued)**
## **Prior year 2022**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on for specific purposes:
|**Balance**
**Movement**
**at 1 Sep**
**2021**
**Incoming**
**resources**
**Resources**
**Expended**
**£**
**£**
**£**
**NEW2RE - Early Career**
**Development**
NEW2RE (JT)
44,165
-
(14,103)
NEW2RE (All Saints)
19,787
20,000
(12,705)
NEW2RE (Hockerill)
5,940
6,000
(3,812)
ITE Conferences (JT)
6,230
-
(1,449)
ITE Conferences (KH)
2,607
-
(606)
**Regional Infrastructure Project**
RE Support Infrastructure (CSTG)
24,541
45,000
(18,323)
RE Support Infrastructure (JT)
21,029
-
(5,541)
**Other Funds**
Primary Membership Support (JT)
375
-
(375)
Spirited Arts (Westhill)
5,600
5,600
(8,012)
Spirited Arts (St Matthias)
-
3,000
(2,146)
IBRA International Fund
20,221
9,827
(4,000)
Small Grants Fund
124,355
17,906
(1,250)
Understanding /Picturing Islam
14,724
175,838
(12,592)
Understanding Unbelief
(875)
-
(250)
Understanding Christianity
126,653
100,000
(51,854)
Strictly RE
2,055
-
(2,055)
NATRE Leadership Fund (CSTG)
9,343
1,000
(1,230)
BQiC (Templeton)
71,357
99,690
(90,877)
Primary 1000
25,747
11,000
(10,938)
RE Awareness
5,000
13,361
(9,111)
National Curriculum Symposium
11,800
3,500
(15,300)
NATRE Chair
2,837
4,000
(4,000)
RE Plus Environment
5,000
-
(2,500)
548,491
515,722
(273,029)|**in funds**
**Transfers**
**Investments**
**gains/losses**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Balance**
**at 31 Aug**
**2022**
**£**
**30,062**
**27,082**
**8,128**
**4,781**
**2,001**
**51,218**
**15,488**
**-**
**3,188**
**854**
**26,048**
**141,011**
**177,970**
**(1,125)**
**174,799**
**-**
**9,113**
**80,170**
**25,809**
**9,250**
**-**
**2,837**
**2,500**|
|---|---|---|
|||791,184|
30
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
**FOR THE YEAR ENDED 31 AUGUST 2023**
## **21 Restricted funds (continued)**
**NEW2RE - Early Career Development** is a project which has been designed to support secondary RE teachers to deepen their subject knowledge and teach six religions and other world views with confidence it is a two year programme which will be delivered through NATRE membership making it available to all.
**ITE Jerusalem Trust** six regional conferences delivered by working in partnership with lecturers on PGCE RE courses and by brokering with other partners to inspire new entrants to the RE teaching profession through inter-varsity day conferences.
**Regional Infrastructure Project** This is now known as RE Hubs with the website www.re-hubs.uk and launched in 2022. We have restructured this to be focused on being 9 Regional Hubs in England and 1 Hub in Wales that is led by a RE Hub Lead recruited for their specific knowledge and experience in supporting RE / RVE in their local region. The key focus is to provide an information exchange hub for those who have services, resources, training, and visits to benefit schools with those teachers who are looking to increase their teaching provision. This is led by Claire Clinton, Lead Director for England and Wales RE Hubs on behalf of the Steering Group which is made up of representatives from: REC, NATRE, AULRE, ARIEAC, TRS, NASACRE and CSTG (funder) and is managed on a day to day basis by RE Today.
**NATRE Leadership** is funding to support teachers in fulfilling their roles in RE leadership beyond the classroom.
**Spirited Arts -** funds to help invest in promoting the competition and embed the project in schools. It is a unique opportunity for teachers to enable their pupils to express their own religious and spiritual insights through Art, Music and Poetry. Some of the funding has been used to promote the competition nationally through celebrating the winners of the competition and highlight their fantastic entries.
The **IBRA International Fund** receives voluntary giving from individual IBRA readers to provide grants that enable the IBRA International Partners to translate and produce resources to support their local readers.
The **Small Grants Fund** comprises of income earned from endowment fund assets and applied towards making small grants to young people from churches. The provision of needing to be in membership of the charity has been removed. The fund supports attendance at residential courses, conferences, and holidays for young people.
## **Understanding Islam / Picturing Islam**
is to transform teaching and learning about Islam in schools in England and Wales, within the safe confines of the RE f those who follow the Muslim path in the UK today.
**Understanding Christianity and UC Development** this funding to enable all schools to access UC through the development of an online learning platform. It is now being used to teach Christianity in CofE schools and community schools: both school types are acknowledging this as a valuable RE resource that has impacted beyond the RE classroom. The RE Today Learning Zone is being launched with the online learning course which will have 6 modules and has been invested in to create a like for like course with the in-person training. The Community Schools subsidy applies to any schools training using the online course. RE Today is working collaboratively with funders and UC Accredited Trainers to provide access to all community schools through a £150 subsidy to cover the costs of the training resources and contribute to the cost of the training.
**Understanding Unbelief Kent University** (Templeton funding) the aim is to research and map the population of _in_ not just
31
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
**FOR THE YEAR ENDED 31 AUGUST 2023**
## **21 Restricted funds (continued)**
**BQiC Templeton** - Explores ways in which teachers of RE in primary and secondary schools can be encouraged to consider and address multidisciplinary approaches to big questions in RE classrooms. This has been through publications and online resources, and training for teachers.
**Primary 1000 - NATRE** works with NATRE exec, Advisers and teachers who refer hard-to-reach schools and provide them with resources and practical solutions, helping them to see improvement swiftly and be able to sustain this in the years to come.
**RE Awareness** the research, design and development of a three-hour course focussed on headteachers, governors and senior leaders who are responsible for the teaching of RE. It will outline the statutory requirements, look at supporting religious literacy in children and young people to help them to flourish in their futures. It is being developed as an online course, in person and with supportive literature.
**NATRE Chair** this is funding to enable the Chair of NATRE to fulfil their role in RE leadership beyond the classroom.
has been developed for the RE classroom for teaching
**RE Plus Environment** the resource about the environment and is being delivered as a downloadable resource, which is freely available.
## **22 Unrestricted funds**
## **Current year 2023**
|**Current year 2023**|||||||
|---|---|---|---|---|---|---|
|||**Movement in funds**|||||
||**Balance**|||||**Balance**|
||**at 1**|**Incoming**|**Resources**||**Investments**|**at 31**|
||**Sep 2022**|**resources**|**expended**|**Transfers**|**gains/losses**|**Aug 2023**|
|**Designated funds**|**£**|**£**|**£**|**£**|**£**|**£**|
|Fixed asset fund|346,947|-|(152,959)|116,818|-|310,806|
||_______|_______|_______|_______|_______|_______|
|**General fund**|(357,011)|1,223,272|(1,141,108)|(116,818)|(11,398)|(403,063)|
||_______|_______|_______|_______|_______|_______|
|Total|10,064|1,223,272|(1,294,067)|-|(11,398)|(92,257)|
**Fixed Asset Fund** comprises the net book value of all tangible fixed assets with the exception of any which have restrictions imposed on them.
32
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **22 Unrestricted funds (continued)**
## **Prior year 2022**
|||**Movement in funds**|**Movement in funds**|**Movement in funds**|||
|---|---|---|---|---|---|---|
||**Balance**|||||**Balance**|
||**at 1**|**Incoming**|**Resources**||**Investments**|**at 31**|
||**Sep 2021**|**resources**|**expended**|**Transfers**|**gains/losses**|**Aug 2022**|
|**Designated funds**|**£**|**£**|**£**|**£**|**£**|**£**|
|Fixed Asset Fund|162,801|-|(13,565)|97,711|-|346,947|
||_______|_______|_______|_______|_______|_______|
|**General fund**|(141,114)|1,217,260|(1,303,965)|(97,711)|(31,481)|(357,011)|
||_______|_______|_______|_______|_______|_______|
|Total|121,687|1,217,260|(1,317,530)|-|(31,481)|10,064|
## **23 Analysis of net assets between funds**
## **Current year 2023**
|**Unrestricted**
**Restricted Endowment**
**funds**
**funds**
**funds**
**£**
**£**
**£**
Fund balances at 31 August 2023 are
represented by:
Tangible fixed assets
310,806
-
-
Investments
288,733
-
347,533
Current assets
(193,076)
598,045
-
Creditors: amounts falling due within one year
(481,220)
-
-
Creditors: amounts falling due more than one year
(17,500)
-
-
_______
_______
_______
(92,257)
598,045
347,533
**Prior year 2022**
**Unrestricted**
**Restricted Endowment**
**funds**
**funds**
**funds**
**£**
**£**
**£**
Fund balances at 31 August 2022 are
represented by:
Tangible fixed assets
346,947
-
-
Investments
300,131
-
347,533
Current assets
(214,675)
791,184
-
Creditors: amounts falling due within one year
(414,967)
-
-
Creditors: amounts falling due more than one year
(27,500)
-
-
_______
_______
_______
(10,064)
791,184
347,533|
**Total**
**£**
310,806
636,266
404,469
(481,220)
(17,500)
_______
853,321
**Total**
**£**
346,947
647,664
576,509
(414,967)
(27,500)
_______
1,128,653|
|---|---|
## **Prior year 2022**
33
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **24 Commitments under operating leases**
At 31 August 2023 the company had minimum lease payments under non-cancellable operating leases as follows:
|Expiry date:
Within one year
Within one to two years
Between two and five years|**2023**
**£**
42,500
40,288
-
82,788|**2022**
**£**
42,500
42,500
40,288
125,288|
|---|---|---|
## **25 Related parties**
All Trustees are entitled to a complimentary NATRE membership. Trustee expenses are disclosed in Note 9.
One Trustee is a director of SPCK Limited (formerly Lion Hudson), which supplies publications. The expenditure incurred with Lion Hudson Limited in the year was £13,639 (2022 - £15,384). The amount outstanding in creditors with Lion Hudson Limited at the end of the year was £nil (2022 £nil).
One Trustee is a Trustee of The All Saints Educational Trust, which provides grant funding for various projects. The funding received from The All Saints Educational Trust in the year was £nil (2022 - £20,000). The amount outstanding in debtors with The All Saints Educational Trust at the end of the year was £nil (2022 - £nil).
## **26 Analysis of changes in net debt**
|Borrowings
Total Liabilities
Cash and cash equivalents
Total net debt|**2022**
**£**
(37,500)
_______
(37,500)
353,598
316,098|**Cash**
**Flows**
**£**
10,000
_______
10,000
(188,679)
(178,679)|**2023**
**£**
(27,500)
_______
(27,500)
164,919
137,419|
|---|---|---|---|
34
CEM - Annual Accounts 2023 FINAL
Final Audit Report
2024-03-08
Created..
2024-03-08
By..
Lorraine William5 llorraine.wi1liams@christianedul10n.Org.ukl
Sl8lus'.
Signed
Tr8nsaclion ID..
CBJCHBCA4BAANll_wzliQeiO_mwhlBsoE4A5LcsSW2g
"CEM - Annual Accounts 2023 FINAL" History
Document created by Lorraine Williams Ilorraine.williams@¢hrislianedu¢alion.org.ukl
2024.038. 9..58..07 AM GMT- IP address.. 89.197.156.142
. Document emailed to Pamela Draycott lpamela.draycoll@gmail.coml for signature
2024-08- 9..58..14 AM GMT
Email viewed by Pamela Draycott 1pamela.draycott@gmail.coml
2024-034)8- 12."00".42 PM GMT- IP addres8." 2.120.152.198
DocLJment e-signed by Pamela Draycoll lpamela.draycoti@gmail.coml
Signature Dale.. 2024-03-08- 12..01.'42 PM GMT- Time Source.. server- IP address.. 2.120.152.198
Agreement completed.
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IJ Adobe Acrobat Slgn
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
## **31 AUGUST 2023**
**Company number: 04192501 Charity number: 1086990**
## **CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**
**Secretary**
**Charity Number**
**Company Number**
**Principal Address**
**Websites**
**Auditors**
**Bankers**
**Solicitors**|Mr Stephen Botham
Mrs Jane Chipperton
Mrs Carole Gallant
Mrs Pamela Draycott (Chair)
Mrs Lynda Maddock (resigned 22/09/2022)
Mr Philip Leivers
Ms Susan Leslie (Vice-Chair)
Mr Norman Richardson (resigned 12/10/2023)
Mrs Suzanne Wilson-Higgins (resigned 12/10/2023)
Mr Derek Holloway (appointed 13/10/2022)
Mrs Caroline L
Estrange (appointed 13/10/2022)
Mr David Legrand (appointed 13/10/2022)
Ms Zoë Keens
1086990
04192501
5/6 Imperial Court
12 Sovereign Road
Birmingham
B30 3FH
www.christianeducation.org.uk
www.retoday.org.uk
www.natre.org.uk
www.ibraglobal.org
www.understandingchristianity.org.uk
We also work closely with:
www.rootsontheweb.com
Cooper Parry Group Limited
Office 401
Two Chamberlain Square
Birmingham
B3 3AX
Lloyds Bank plc
43 Irongate
Derby
DE1 3FT
Pothecary Witham Weld
70 St Georges Square
London
SW1V 3RD
Veale Wasborough Vizards
Barnards Inn
86 Fetter Lane
London
EC4A 1AD
Anthony Collins Solicitors LLP
134 Edmund Street
Birmingham
B3 2ES|
|---|---|
## **CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **CONTENTS**
||**Page**|
|---|---|
||1 - 10|
|Independent Auditor
s Report|11 - 13|
|Statement of Financial Activities|14|
|Summary Income and Expenditure Account|15|
|Balance Sheet|16|
|Statement of Cash Flows|17|
|Notes to the accounts|18 - 34|
2
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **Year ended 31 August 2023**
The members of the Board of Trustees present their report together with the financial statements of Christian Education Movement for the year ended 31 August 2023. The report has been prepared in accordance with the Charities Act 2011 and constitutes a directors' report for the purposes of company legislation.
The financial statements have been prepared in accordance with the accounting policies set out on pages 21 to 22 of the attached financial statements and comply with the charitable company's memorandum and articles of association, applicable laws and the requirements of the Statement of Recommended Practice on "Accounting and Reporting by Charities" (FRS 102) issued in 2019.
## **Structure, governance and management**
Christian Education (CE), as the charity is generally known, is a company limited by guarantee (Company Registration No. 04192501 England and Wales) with the formal title of Christian Education Movement. It was incorporated on 2 April 2001 and was registered as a charity on 12 June 2001 (Charity Registration No. 1086990). In the event of the charity being wound up Trustees are required to contribute an amount not exceeding £1.
The conduct of its work is governed by a Memorandum and Articles of Association. The charity brings together different traditions of service, one dating from 1803 when the National Sunday School Union was founded, IBRA which was founded in 1882 and another, which comes via the Student Christian Movement in Schools, from 1892.
The Trustees, who are also the directors for the purpose of company law, who served during the year and up to the date of this report were:
Mr Stephen Botham Mrs Jane Chipperton Mrs Pamela Draycott (Chair) Mrs Carole Gallant Mrs Lynda Maddock (resigned 22/09/2022) Mr Philip Leivers Ms Susan Leslie (Vice-Chair) Mr Norman Richardson (resigned 12/10/2023) Mrs Suzanne Wilson-Higgins (resigned 12/10/2023) Mr Derek Holloway (appointed 13/10/22)
Mr David Legrand (appointed 13/10/2022)
The Board of Trustees are directors of the charitable company for the purposes of company legislation and Trustees for the purposes of charity legislation. The Board appoints the Chair and Vice-Chair of Christian Education.
The Board is ultimately responsible for the charity and meets on a regular basis (four times in 2022-23), three virtual meetings and one residential meeting to review developments and make decisions including approving the Annual Plan with its budget. The Board has appointed the Chair and Vice Chair as the Business Planning Group (BPG) to work on a 'between meetings' basis with the Chief Executive. The charity sponsors the daily operation of the National Association of Teachers of Religious Education (NATRE) which is separately constituted and led by its own elected Executive.
The Chief Executive is responsible for the day-to-day management of the charity and its work and reports to the Board on a formal basis at meetings, as well as informally between meetings. All members of staff, some of whom are based in the charity's offices in Kings Norton, Birmingham, and some of whom work remotely from their own homes, are accountable to the Chief Executive.
The Business Planning Group takes responsibility for processing nominations of Trustees. The charity from time to time makes personal approaches on recommendation to potential Board members. Candidates for service are considered from amongst those working with the charity in other capacities, those whom Trustees and staff encounter in their engagements with the Religious Education, Christian publishing communities and those responding to our recruitment notices.
Trustees are often co-opted to the Board initially and after formal agreement, new Trustees are provided with information outlining charity policy, strategy and working practices, and each makes a declaration of their eligibility to serve under current legislation. This set of guidance notes for all Trustees is updated periodically as new statements of policy etc. are agreed by the Board. All trustees are encouraged to attend appropriate training courses and to seek membership of relevant professional bodies.
1
**(A company limited by guarantee)**
## **CHRISTIAN EDUCATION MOVEMENT**
## **Year ended 31 August 2023**
## **Working Relationships**
Throughout the period the charity has had a close working relationship with several organisations including:
## **Culham St Gabriel's (CSTG)**
RE Today and NATRE have been identified as key suppliers by CSTG and the team work actively to establish ways in which to strengthen and support the whole of the RE community.
## **ROOTS for Churches**
Christian Education is a partner in a separate charitable
Executive serves as a Director of ROOTS for Churches Limited. Every two months ROOTS publish two magazines: one for leaders of activities for children and young people, the other for worship leaders.
## **Religious Education Council**
Christian Education and NATRE are individually members of the Religious Education Council in England and Wales (REC). This is the coalition of professional and faith bodies, RE agencies, Trusts and Foundations with an interest in Religious Education. Every few years one of the Department for Education ministers addresses the Council, which meets at least twice a year.
## **RE Policy Unit**
RE Today, NATRE and REC work in partnership as the RE Policy Unit. We work together to promote the value of religious education, to ensure that its importance is recognised by all schools, policy makers and the media.
- **Council for Subject Associations CfSA**
NATRE is a member of the CfSA and is represented by Zoë Keens as a Board member, and Fiona Moss (CEO NATRE). CfSA is an umbrella organisation, independent of Government, which represents subject associations. Members of the CfSA benefit from the power of a unified voice, representing Subject Associations in informing educators, policy makers and media about research and professional practice informed approaches to the curriculum, pedagogy, teacher training and professional development.
- **RE Hubs Launched April 2022**
The RE Hubs project is dedicated to supporting Religious Education (RE), Religion, Values and Ethics (RVE) and Religion & Worldviews (R&W) teachers and practitioners in the UK. Our mission is to connect those who can provide resources with those who need them. We aim to create a neutral platform that brings all stakeholders together, filling the knowledge gap and equipping everyone within the RE/RVE/R&W ecosystem. The key focus is to provide an information exchange hub www.rehubs.uk for those who have services, resources, training and visits to benefit schools with those teachers who are looking to increase their teaching provision. The former Regional Infrastructure project was restructured to focus on being 9 Regional Hubs in England and 1 Hub in Wales, reflecting the DfE regional split. Each region is led by a RE Hub Lead recruited for their specific knowledge and experience in supporting RE/RVE in their local region. This project is led by Claire Clinton, Lead Director for England and Wales RE Hubs on behalf of the Steering Group which is made up of representatives from: REC, NATRE, AULRE, ARIEAC, TRS, NASACRE and CSTG (funder) and is managed on a day to day basis by RE Today.
## **Risk management**
The Trustees have a Risk Policy which is reviewed annually in January and the Risk Register which is reviewed on a continual basis to assess the major risks to which the charity is exposed. These relate to five key areas: Governance and Management, Operational, Financial, Environmental external / internal and Compliance.
The Trustees believe that by monitoring reserve levels, by ensuring controls exist over key financial systems, and by examining the governance, operational and business risks faced by the charity effective systems have been put in place to mitigate the risks.
2
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
**Year ended 31 August 2023**
## **Objectives and aims**
The Object of the charity is to advance education by promoting lifelong learning in religion and faith for all, as a positive contribution to the wellbeing of society.
The Trustees confirm that they have looked at Charity Commission guidance when setting the Objectives for the charity. The Trustee Board has considered the general guidance on public benefit and to its supplementary guidance on:
"The advancement of education; the advancement of religion; the advancement of human rights, conflict resolution or reconciliation of the promotion of religious or racial harmony or
Christian Education serves a wide range of people, individuals in their personal faith and those working in education. CE / RE Today provides support, training, research, and curriculum development. In turn our clients, customers and partners contribute ideas and support to the breadth of the work undertaken by CE.
In its work with Religious Education in schools, the charity is committed to an equally representative, ecumenical, and multi-faith / non-religious worldviews approach. The flagship service for those working in the field of Religious Education in schools is the termly magazine _REtoday_ and the termly curriculum books for primary and secondary teachers these publications are the foundation that all NATRE membership packages are built on. CE / RE Today work collaboratively with NATRE to support all RE practitioners.
Our core purpose as an organisation is to be a platform and foundation for equipping, supporting, and resourcing human flourishing across the globe through the development and provision of first-class Religious Education services, materials, guidance, and leadership.
## **RE Today Services**
A team of six RE Advisers focus their work on the professional development of teachers and are commissioned to advise schools, local authorities, SACREs, dioceses and others. The Advisers are all writers and editors for the charity's RE publications programme, enabling the maximisation of small resources for the benefit of a large percentage of the school population.
During 2022-23 RE Today and NATRE have continued working collaboratively with the REC and with the independently funded RE Policy Unit. It has been deemed a significant success with the breadth of project work that has included multiple media initiatives and approaches to government and the DfE. Other Trustees and staff serve on the governance of the REC.
## **NATRE**
The charity sponsors the subject teachers' association, the National Association of Teachers of Religious Education (NATRE), providing management services of administration and membership management alongside sales and marketing.
NATRE is a separately constituted organisation that runs autonomously with support provided by working in partnership with CE and RE Today Services. CE works collaboratively with, and takes direction from, the NATRE steering group to achieve the agreed aims. This is a mutually beneficial partnership that facilitates and enables teachers to have access to excellent knowledge and high-quality resources and advice.
NATRE supports a programme of projects, led by their steering group and executive and with professional service provision by RE Today. NATRE is consulted by the Department for Education, Ofsted, and other agencies, so that they can hear the voice of teachers of RE. NATRE is a member of the Council for Subject Associations (CfSA).
## **British Journal of Religious Education (BJRE)**
CE wholly owns and publishes original research papers in the British Journal of Religious Education (BJRE) published under contract by the academic journal specialist Taylor & Francis. BJRE publishes original research papers in print and digitally.
The Editorial Board meets annually but is active throughout the year developing opportunities to further the reach, and therefore the benefits,
Board, with a membership of Academics from Universities from across the world.
3
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **Year ended 31 August 2023**
## **Christian Education**
CE supports spiritual and faith development undertaken in the Christian community, especially through the provision of IBRA Bible .
CE is a member of Churches Together in Britain and Ireland (CTBI). Christian Education is a Body in Association with CTBI and Churches Together in England (CTE).
## **International Bible Reading Association (IBRA)**
_3_ (FFTW), the single annual publication, has sold consistently well although our readership is diminishing. David Painting is the editor, and the foreword was written by Rev Cindy Kent MBE.
Our UK readers have donated to our IBRA International Fund which assists international partner organisations in making versions of our Bible reading notes available in Africa, India, and the Pacific.
and encourage readers / visitors to
The IBRA website provides accessibility to the daily readings within engage with our international community, supported by daily updates on the Facebook pages and Twitter account.
## **Achievements and performance**
The following agreed objectives have been continued in 2022-23
- A. To develop best practice in teaching and learning in Religious Education in schools by the provision of pioneering support services and consultancy
- B. To become more visible in the field as the RE services provider, including the sponsorship and business development of the National Association of Teachers of Religious Education
- C. To encourage Christians to explore and articulate their own beliefs and values
- D. To build partnerships with other agencies engaged in the spiritual, moral, social, and cultural dimensions of education and learning, including with those working in higher education
- E. To monitor expenditure ensuring cost effectiveness, to maintain income levels in our various business streams and grow new income streams through strategic business development, that will be mutually beneficial to the organisation and community it serves. This will be achieved through the appropriate investment in training, systems, operations, and communications.
## **A. To develop best practice in teaching and learning in Religious Education in schools by the provision of pioneering support services and consultancy**
Our remarkable team of schools RE Advisers, Lat Blaylock, Stephen Pett, Fiona Moss, Angela Hill, Julia Diamond-Conway and Adam Robertson have continued to work with tremendous dedication and commitment to engage and fulfil unique development and project work. Working with Chelsey Miller Brown, they have continued to work incredibly hard to meet the needs of schools to support them as they recover from the impact of COVID, home-schooling and the impact of this on children and young people´s learning. We have continued to develop CPD training virtually.
W leaders and teachers also provides a breadth of Schemes of Work to further help teachers. This product continues to fit both requirement and budgets.
The web shops serving RE Today subscribers and NATRE members continue to support the teachers enabling them to access different high-quality products, provided by RE Today and other agencies. The new RE Teaching Resources web-shop was launched in Spring 2023.
4
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **Year ended 31 August 2023**
## **Publications**
Our curriculum series ~~**E**~~ **xploring Religion and Worldviews** (Primary) and **Investigating Worldviews** (Secondary) was launched in September 2022. The team continue to work exceptionally hard to produce all our publications including _REtoday_ magazine.
The REtoday Library has increasing online subscribers who have digital access to the full back catalogue of over 1450 searchable, indexed articles, resources, and activities. Each new edition of articles are added in line with the distribution date of the magazine. Access to the RE Today Library is freely available to all NATRE members in the new membership programme launched in October 2022.
**Understanding Christianity** (UC) Matter continues to be taught in over 7,700 schools, and the roll-out to all community schools has gained traction with over 800 trained. Training continues to be delivered online via webinar, and in person and the RE Today Learning Zone with the complete UC eLearning course due to be launched in Spring 2024.
UC is being embedded in to the RE curriculum and the pedagogy fits with the movement to change the subject to focus on Religion and Worldviews therefore, we consider that this work will continue for the next 3 years and be a resource that will support teachers into the future.
## **Model Agreed Syllabus:**
refresh their Locally Agreed Syllabus but have restricted budgets. This continues to be a popular solution and the schools are keen to buy the suite of Schemes of Works that support the syllabus. RE Today have been able to support further through the organisation and management of launch conferences. RE Today also offers additional resources to update Model Agreed Syllabus A and B with the addition of A+ and B+ versions.
## **Courses and conferences**
courses and CPD training continue to be popular and with careful research the team develop relevant, instructional and resource filled training, providing delegates with the ability to develop their thinking and understanding together. Knowledge Enhancement The way in which we work means that we can be responsive and reactive to meet the needs of SACREs, MATs, Schools and teachers at every stage of learning. We also create bespoke and tailored training as consultancy. The team also deliver pupil conferences (primary and secondary), webinars for CPD purposes and support at diocesan and local authority conferences. Course Evaluations continue to be excellent from both teachers and pupils at our events.
20% of courses were delivered 90 min sessions, providing after school training have become very popular.
## **B. To become more visible in the field as a RE services provider, including working in partnership with the National Association of Teachers of Religious Education (NATRE)**
**The National Association of Teachers of RE** is a highly engaged group of teachers including several who, as well as teaching in the classroom and being active within NATRE, are also undertaking higher level study. Katie Freeman was elected Chair of NATRE in March 2021 for a three year term. The benefit led NATRE membership has been designed to support teachers at every level of their career and continues to grow with retention levels and member sales increasing. This takes unique team working with NATRE and RE Today / CE and there is excellent collaborative work too that benefits Head teachers, RE Advisers, subject leaders, and teachers, those who are qualified and unqualified in the classroom.
**NATRE Spirited Arts competition** is in its 20th year and the competition to date has attracted over 530,000 participants since 2004. This year we received we received a staggering number of entries, with 38,500 children involved. Entries came from pupils aged 3-19 years old, Early Years Foundation Stage (EYFS) and Special Education Needs and Disabilities (SEND). We received artwork, sculpture, poetry, film and music compositions and, as always, it was a privilege and a challenge with some entries from as far a-field as Australia, Bahrain and Thailand.
**New2RE** is the backbone to the ITT/ECT NATRE membership and broadens out the level of support provided to all ECT. The aim of this work remains to enable teachers to develop their own strategies for teaching RE and support them at the start of their careers; it continues to help them to deepen their subject knowledge and teach Religion and Worldviews within RE with confidence. The monthly free webinars in the virtual NATRE café are a key component of this support structure.
5
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
**Year ended 31 August 2023**
## **C. To encourage Christians to explore and articulate their own beliefs and values.**
## **International Bible Reading Association (IBRA)**
2022 was the 140[th] anniversary of Fresh from The Word, and we have developed an online celebrity edition which captures the broad history of IBRA, our chronology of how we have reached around the World and supported hundreds of millions of readers through our rich history.
During 2022-23 over 4,000 copies of FfTW 2022 (Fresh from The Word) were printed in English and were also translated into 13 languages by our 13 IBRA international partners and distributed around the world this work impacts over 32 countries.
Over 4000 copies of FfTW 2022 were sold in the UK; it is encouraging to know that this title is of such personal benefit to our readers and partners, our thanks to David Painting and our team of over 50 international writers, the readings committee, and the steering committee.
The publishers are SPCK and we work closely to promote and increase the reach to increase our readership.
Fresh from The Word 2022 was distributed in American Samoa, Western Samoa, and Tokelau. IBRA materials circulate in Cameroon, the Congo, Fiji, Ghana, India, Nigeria, Portugal, and South Africa mostly translated into a local language.
The historical ethos of the IBRA continues in that the UK readership donate to support our international readers and £11,500 was defrayed in grants during the year to cover translation, printing, and distribution costs overseas. To ensure that as many partners benefit no grant application is fully funded. The full 100% of donations are distributed.
## **ROOTS for Churches**
There are over 14,000 regular users that take printed copies of one or both bi-monthly ROOTS magazines. These provide preparation and training for leaders in adult and all age worship services as well as those working with children and young people. The materials pick up themes from the lectionary readings for the Sunday and are widely used in Anglican, Methodist and Reform church communities. The print offer is reflected in the extensive resources through the website. The printed copies exceed 9,000 users, but there are approximately 12,500 active website users.
CE is one of the seven ecumenical partners behind the ROOTS project. It is a separately registered charity directed by Melanie Cave, Managing Director. Sample material is available on the website www.ROOTSontheweb.com. The back catalogue of worship resources is also available on the website to subscribers via a password.
## **D. To build partnerships with other agencies engaged in the spiritual, moral, social, and cultural dimensions of education and learning, including with those working in higher education**
## **British Journal of Religious Education (BJRE)**
There is a public benefit in CE building partnership with higher education and other bodies engaged in the spiritual, moral, social, and cultural dimensions of education and learning, taking forward the best of pedagogical thinking.
The editorial team is Editor -
- Dr Yonah Matemba, University of the West of
Scotland and Assistant Editor Dr David Lundie, University of Glasgow. The Editorial Board meets annually but is active thro
anet
Orchard and Linda Whitworth.
6
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
**Year ended 31 August 2023**
## **E. To monitor expenditure ensuring cost effectiveness, to maintain income levels in our various business streams and grow new income streams, including by appropriate investment in training, systems, and operations**
Finances have been carefully managed during the continuing financial uncertainty which has impacted our business through the cost of living crisis, global uncertainty, the impact on our primary client base of schools of the unbudgeted teacher payrise, on top of the challenge of the post-COVID environment. The financial processes continue to be robust and have proven invaluable in responding quickly to government guidelines in a changing environment and being able to provide a seamless service to our customers. On intellectual property we work with VWV (Veale Wasborough Vizards) on a project by project, case by case requirement to ensure that we are protecting CE/RE Today´s IP and copyright on a continuing basis.
## **People**
Chelsey Miller Brown, Adviser Relationship Manager, returned from maternity leave on 15[th] May 2023, handing over successfully with Sarah Bridges, Team Administrator, who provided maternity cover on a 12 month fixed term appointment. Sarah left on 9[th] June 2023 to take up alternative employment.
Adam Robertson, RE Adviser, left on 4[th] August 2023 having secured a new role with Oak Academy.
## **Future Plans**
## **Internal Operations**
**Remote Working** the team d internally, refining process and
**External Service Delivery** a challenge has been the ability to deliver contracts and commissioned work via Teams, Zoom and other platforms. This flexibility enables the whole organisation to work with more schools, teachers and education providers.
This delivery has become a key business development for the charity, with provision of CPD training being accessible for all teachers without the geographic limitations of face-to-face training. Clients including SACREs, MATs and teacher training providers have been early adopters of these products. In the business planning for 2023-24 this is built on with CEMIST and - business and marketing information that enables us to understand our markets needs and trends. The teachers and other RE practitioners enable people to access high quality training at a time and in a place that suits them.
## **Accounting policies - Going Concern**
At the time of signing the accounts, the Trustees consider that the charity will continue to operate for a period of at least 12 months from the date of signing these accounts. This is due to the level of funding already secured with key partners, the further development of the online learning provision and strong sales in key areas such as membership in the period to 31[st] December 2023. The charity continues to hold adequate cash reserves. Although the charity held negative unrestricted reserves as at the balance sheet date, the current business plan contains an expectation that these reserves will revert to a positive balance by 31[st] August 2025.
The business plan has been completely revised and was signed off by the Trustees in October 2022. The four year rolling budget was further reviewed and revised in January 2024 and was brought to the Trustee meeting in January 2024. The Business Plan is a comprehensive working document and lays out the strategy, direction of travel and implementation for the next year but looking forward to 2026. The latest forecast to 31[st] August 2026 indicates that the charity will be able to operate within the facilities available to it over this time period. On that basis the Trustees have prepared these financial statements on a going concern basis.
Zoë Keens and the team have continued to work on each element of the business internally and externally; assessing the potential and continued to look for opportunities within each market that each area benefits.
7
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **Year ended 31 August 2023**
## **Key strategic aims of each business strand:**
## **RE Today Services:**
bodies through consultancy, courses and excellent resources and the provision of resources to academies and academic trusts, all school types and supporting organisations.
**NATRE:** To be the best, most supportive, relevant and innovative subject association in the UK providing social networks, communities of understanding, resource provision, advice, guidance, sharing and understanding at affordable prices. **IBRA:** partnership working with SPCK, reduce all the costs, increase income and reaching new readers through their sales outlets. **CE:** Expand service provision and product base through partnership working and using excellent management systems. **BJRE:** To be the leading Academic journal for the study and research of Religious Education, increase further into international academic institutes.
partnership working with SPCK, reduce all the costs, increase income and reaching new readers through their sales outlets.
## **Organisational Aims:**
Significant work has continued during this year to fulfil the organisations aims focusing on four key areas:
1. Increase the engagement and commitment of the Board; auditing to ensure we have the right skills represented that reflect the work and business development of the charity.
2. Increase coherent and consistent working approaches and streamlined processes effectively using IT Infrastructure to support staff capacity and work more efficiently. This has been impacted by the completion of the CEMist database, which has been transformational in the financial and day to day management of the whole organisation, likewise the launch of the revised webshop, https://reteachingresources.co.uk and the launch of the RE Today Learning Zone.
3. Increase team working, develop the skill and confidence in each team member to fulfil their role.
4. Continue to build the organisational structure to focus on business growth through each of the business strands increasing gross margin, through which the whole of the team is involved and can understand where and how their work fits in to the business development and income generation.
## **Business Premises Kings Norton**
The five year rent review concluded in a contract renewal for the next five years. Staff continue to work either in the office or home based, as required.
8
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **Year ended 31 August 2023**
## **Financial review**
Incoming resources for the year totalled £1,642,506. These were well distributed between the main income streams, Subscription and NATRE membership income totalled £398,824. Consultancy and related fees generated £221,623, Conferences and training generated £315,540 and income from sale of publications amounted to £221,677. Grants from Trusts amounted to £393,489.
Resources expended amounted to £1,906,440 in the year. Approximately 49% of this total (£936,521) related to staff costs whilst the balance of expenditure was split between printing of publications, mailings, conferences and other charitable activities.
The net outgoing resources for the year after other recognised gains and losses and transfers between funds totals £275,332.
The balance sheet of the charity as at 31 August 2023 shows total funds of £853,321. These funds comprise unrestricted funds of (£92,257), restricted funds of £598,045 and endowment funds of £347,533.
Under the terms of a Charity Commission scheme dated 8 August 2002, CE is the trustee of certain endowment funds of the former National Christian Education Council (NCEC). These comprise monies for which the charity has responsibility in a trustee capacity. Income from the CEM New Endowment Fund is to be applied towards the making of small grants to young people from churches in membership of the charity towards residential courses, conferences and holidays. Income from the Christian Education Church Building Fund is to be applied for the general purposes of the charity. Details of the movements on the funds can be found in note 20 to the financial statements.
Restricted income funds comprise monies that have either been raised for, and their use restricted to, specific purposes, or they comprise donations subject to donor-imposed restrictions. Full details of the restricted income funds can be found in note 21 to the attached accounts together with an analysis of movements in the year.
## **Reserves policy**
As it is clear from the foregoing that the charity carries out a wide variety of activities, some of which comprise short term and externally funded pieces of work whilst others comprise longer term commitments requiring significant and ongoing financial investment.
The Trustees have examined the requirement for free reserves i.e. those unrestricted funds not invested in tangible fixed assets, designated for specific purposes or otherwise committed. The Board of Trustees is of the opinion that, given the nature of the charity's work, free reserves should equate to between three- and six-months planned expenditure at any point in time (for the financial year 2023/24, this would range from £520,103 to £1,040,205). The members of the Board of Trustees believe that this level of reserves provides sufficient flexibility to cover temporary shortfalls in incoming resources due to timing differences in income flows, to furnish adequate working capital to cover core costs and will allow the charity to cope with and respond to unforeseen emergencies whilst specific action plans are implemented.
The current year has been challenging and overheads have been diverted from restricted to unrestricted activity to develop new methods of delivery and to respond to the changing marketplace. Because of this the free reserves as at 31[st] August 2023 have dropped below the target and were negative as at the balance sheet date. However, the current business plan contains an expectation that these reserves will revert to a positive balance by 31[st] August 2025. The Business Plan 2022-23 was rewritten to present a comprehensive overview of the charity, its work for the next financial year, but with a forward vision for the next 4 years to 2026. This was agreed by the Board and is being implemented proactively by the team.
## **Articles of Association**
The Articles of Association reflect current charity law and reflect the current purposes and working practices of Christian Education Movement.
## **Investment Policy**
The charity has a Reserves policy, Investment Policy and Ethical Investment Policy, all of which are reviewed annually by Trustees. The charity's investments at 31 August 2023 comprised cash deposits of £733 and listed investments with a market value of £635,533. The funds are placed with CCLA in cash deposits, the investment fund (income) and property fund (income).
## **Key Management Personnel Remuneration**
The Board of Trustees delegate the day to day management to Zoë Keens the CEO. Her salary is benchmarked against similar positions within the sector and advice taken from recruitment consultants.
9
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **Year ended 31 August 2023**
## **Statement of Trustees' responsibilities**
The Trustees, who are also the directors of Christian Education Movement for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP (FRS 102);
- make judgments and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware:
- the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the
statements may differ from legislation in other jurisdictions.
## **AUDITORS**
Cooper Parry Group Limited have expressed their willingness to continue in office and will be proposed for re-appointment at the Annual General Meeting.
Approved by the Trustees on 7[th] March 2024 and signed on their behalf by:
Mrs Pamela Draycott
## **Chair**
10
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
**S REPORT**
## **TO THE MEMBERS OF CHRISTIAN EDUCATION MOVEMENT**
## **Opinion**
We have audited the financial statements of Christian Education Movement for the year ended 31 August 2023 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, Financial Reporting Standard applicable in the UK and Republic of (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- 2023, and of its incoming resources
- and application of resources, including its income and expenditure for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
statements
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
and
our Auditor s report thereon. The Trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Opinions on matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- is consistent with the financial statements; and applicable legal requirements.
11
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **S REPORT (continued)**
## **TO THE MEMBERS OF CHRISTIAN EDUCATION MOVEMENT**
## **Matters on which we are required to report by exception**
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or certain disclosures of Trustees
we have not received all the information and explanations we require for our audit; or the Trustees were not entitled to prepare the financial statements in accordance with the small regime and
to prepare a strategic report.
## **Responsibilities of Trustees**
As explained more fully in the Trustees trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below:
Our assessment focused on key laws and regulations the charitable company has to comply with and areas of the financial statements we assessed as being more susceptible to misstatement. These key laws and regulations included but were not limited to compliance with the Companies Act 2006, Charities Act 2011, taxation legislation, data protection, anti-bribery, and employment legislation.
We are not responsible for preventing irregularities. Our approach to detecting irregularities included, but was not limited to, the following:
-obtaining an understanding of the legal and regulatory framework applicable to the charitable company and how the charitable company is complying with that framework, including agreement of financial statement disclosures to underlying documentation and other evidence;
-obtaining an understanding of the charitable company´s control environment and how the charitable company has applied relevant control procedures, through discussions with Trustees and other management and by performing walkthrough testing over key areas;
-obtaining an understanding of the charitable company´s risk assessment process, including the risk of fraud;
-reviewing meeting minutes of those charged with governance throughout the year; and
-performing audit testing to address the risk of management override of controls, including testing journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.
Whilst considering how our audit work addressed the detection of irregularities, we also considered the likelihood of detection based on our approach. Irregularities arising from fraud are inherently more difficult to detect than those arising from error.
12
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **TO THE MEMBERS OF CHRISTIAN EDUCATION MOVEMENT**
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located at the Financial Reporting Council s ( FRC s ) website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor s report.
## **Use of our report**
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 Part 16 of the Companies Act 2006 ~~.~~ Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Glen Bott FCA
Senior Statutory Auditor for and on behalf of:
## **Cooper Parry Group Limited**
Statutory Auditor Office 401, Two Chamberlain Square, Birmingham B3 3AX
7[th] March 2024
13
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
|**Unrestricted**
**Restricted**
**Endowment**
**funds**
**funds**
**funds**
**Notes**
**£**
**£**
**£**
**Income and endowments from:**
Donations and legacies
2
300
7,640
-
Investments
3
192
18,105
-
Charitable activities
4
1,222,780
393,489
-
_______
_______
_______
**Total income**
1,223,272
419,234
-
_______
_______
_______
**Expenditure on:**
Raising funds
22,693
-
-
**Charitable activities**
Provision of opportunities for learning
1,271,374
612,373
-
_______
_______
_______
**Total expenditure**
5
1,294,067
612,373
-
_______
_______
_______
**Other recognised gains and losses**
(Losses)/Gains on investment assets 14
(11,398)
-
-
_______
_______
_______
**Net income**
(82,193)
(193,139)
-
**Transfer between funds**
12
-
-
-
_______
________
_______
**Net movement in funds**
(82,193)
(193,139)
-
Fund balances at 1 September 2022
(10,064)
791,184
347,533
_______
_______
_______
Fund balances at 31 August 2023
(92,257)
598,045
347,533|**Unrestricted**
**Restricted**
**Endowment**
**funds**
**funds**
**funds**
**Notes**
**£**
**£**
**£**
**Income and endowments from:**
Donations and legacies
2
300
7,640
-
Investments
3
192
18,105
-
Charitable activities
4
1,222,780
393,489
-
_______
_______
_______
**Total income**
1,223,272
419,234
-
_______
_______
_______
**Expenditure on:**
Raising funds
22,693
-
-
**Charitable activities**
Provision of opportunities for learning
1,271,374
612,373
-
_______
_______
_______
**Total expenditure**
5
1,294,067
612,373
-
_______
_______
_______
**Other recognised gains and losses**
(Losses)/Gains on investment assets 14
(11,398)
-
-
_______
_______
_______
**Net income**
(82,193)
(193,139)
-
**Transfer between funds**
12
-
-
-
_______
________
_______
**Net movement in funds**
(82,193)
(193,139)
-
Fund balances at 1 September 2022
(10,064)
791,184
347,533
_______
_______
_______
Fund balances at 31 August 2023
(92,257)
598,045
347,533|**Unrestricted**
**Restricted**
**Endowment**
**funds**
**funds**
**funds**
**Notes**
**£**
**£**
**£**
**Income and endowments from:**
Donations and legacies
2
300
7,640
-
Investments
3
192
18,105
-
Charitable activities
4
1,222,780
393,489
-
_______
_______
_______
**Total income**
1,223,272
419,234
-
_______
_______
_______
**Expenditure on:**
Raising funds
22,693
-
-
**Charitable activities**
Provision of opportunities for learning
1,271,374
612,373
-
_______
_______
_______
**Total expenditure**
5
1,294,067
612,373
-
_______
_______
_______
**Other recognised gains and losses**
(Losses)/Gains on investment assets 14
(11,398)
-
-
_______
_______
_______
**Net income**
(82,193)
(193,139)
-
**Transfer between funds**
12
-
-
-
_______
________
_______
**Net movement in funds**
(82,193)
(193,139)
-
Fund balances at 1 September 2022
(10,064)
791,184
347,533
_______
_______
_______
Fund balances at 31 August 2023
(92,257)
598,045
347,533|**Unrestricted**
**Restricted**
**Endowment**
**funds**
**funds**
**funds**
**Notes**
**£**
**£**
**£**
**Income and endowments from:**
Donations and legacies
2
300
7,640
-
Investments
3
192
18,105
-
Charitable activities
4
1,222,780
393,489
-
_______
_______
_______
**Total income**
1,223,272
419,234
-
_______
_______
_______
**Expenditure on:**
Raising funds
22,693
-
-
**Charitable activities**
Provision of opportunities for learning
1,271,374
612,373
-
_______
_______
_______
**Total expenditure**
5
1,294,067
612,373
-
_______
_______
_______
**Other recognised gains and losses**
(Losses)/Gains on investment assets 14
(11,398)
-
-
_______
_______
_______
**Net income**
(82,193)
(193,139)
-
**Transfer between funds**
12
-
-
-
_______
________
_______
**Net movement in funds**
(82,193)
(193,139)
-
Fund balances at 1 September 2022
(10,064)
791,184
347,533
_______
_______
_______
Fund balances at 31 August 2023
(92,257)
598,045
347,533|**Total**
**2023**
**£**
7,940
18,297
1,616,269
_______
1,642,506
_______
22,693
1,883,747
_______
1,906,440
_______
(11,398)
_______
(275,332)
-
_______
(275,332)|**Total**
**2022**
**£**
10,077
18,075
1,704,830
_______
1,732,982
_______
23,219
1,567,340
_______
1,590,559
_______
(31,481)
_______
110,942
-
_______
110,942
1,017,711
_________
1,128,653|
|---|---|---|---|---|---|
||(10,064)
_______
(92,257)|791,184
_______
598,045|347,533
_______
347,533|1,128,653
_______
853,321||
All income and expenditure relates to continuing activities and represents all gains and losses recognised during the year. All of the activities of the charitable company are classified as continuing.
The notes on pages 18 to 34 form part of these financial statements.
14
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **SUMMARY INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
||**2023**|**2022**|
|---|---|---|
||**£**|**£**|
|Income|1,624,209|1,714,907|
|Expenditure|(1,906,440)|(1,590,559)|
||_______|_______|
|**Net operating surplus**|(282,231)|124,348|
|Investment income|18,297|18,075|
||_______|_______|
|**Net surplus for the year**|(263,934)|142,423|
The notes on pages 18 to 34 form part of these financial statements.
15
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **BALANCE SHEET**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **Registration Number 04192501**
|Notes
£
**Fixed assets**
Intangible assets
13a
Tangible assets
13b
Investments
14
**Current assets**
Stocks
15
80,034
Debtors: Amounts falling due within one year
16
147,932
Debtors: Amounts falling due after one year
16
12,084
Cash at bank and in hand
164,919
_______
404,969
**Creditors: amounts falling due within**
**one year**
17
(481,220)
_______
**Net current assets**
**Total Assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
17
**Net Assets**
**Capital funds**
Endowment funds
20
**Income funds**
Restricted funds
21
Unrestricted funds:
Designated funds
22
General funds
22|**2023**
**2022**
£
£
£
277,082
309,059
33,724
37,888
636,266
647,664
________
_________
947,072
994,611
91,710
119,117
12,084
353,598
_______
576,509
(414,967)
________
(76,251)
161,542
870,821
1,156,153
(17,500)
(27,500)
________
_________
853,321
1,128,653
347,533
347,533
598,045
791,184
310,806
346,947
(403,063)
(357,011)
________
_________
853,321
1,128,653|
|---|---|
The notes on pages 18 to 34 form part of these financial statements.
These financial statements were approved by the Board of Trustees on the 7[th] March 2024 and are signed on their behalf by:
Mrs Pamela Draycott **Chair**
16
**(A company limited by guarantee)**
## **CHRISTIAN EDUCATION MOVEMENT**
## **STATEMENT OF CASH FLOWS**
## **AS AT 31 AUGUST 2023**
|**Cash flows from operating activities**
Net movement in funds
Interest received
Decrease in stock
(Increase) in debtors
Increase in creditors
Amortisation/depreciation
**Net cash flow from operating activities**
**Cash flows from investing activities**
Interest received
Purchase of fixed assets
Loss on investment assets
**Net cash flow from investing activities**
**Cash flows from financing activities**
Bank Loan repaid
**Net cash flow from financing activities**
**Net increase in cash and cash equivalents**
**Cash and cash equivalents at 1 September 2022**
**Cash and cash equivalents at 31 August 2023**
**Cash and cash equivalents consist of:**
Cash at bank and in hand
**Cash and Cash equivalents at 31 August 2023**|**2023**
**£**
(275,332)
(18,297)
11,676
(28,815)
66,253
152,959
(91,556)
18,297
(116,818)
11,398
(87,123)
(10,000)
(10,000)|**2022**
**£**
110,942
(18,075)
25,319
(36,319)
15,078
13,565|
|---|---|---|
|||110,510|
|||18,075
(97,711)
31,481|
|||(48,155)|
|||(10,000)|
|||(10,000)|
||(188,679)
353,598
164,919
**2023**
**£**
164,919
164,919|52,355
301,243
353,598
**2022**
**£**
164,919|
|||164,919|
17
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **1 Accounting policies**
## **1.1 Accounting convention**
Christian Education Movement is a registered company limited by guarantee with registered charity status, in the United Kingdom. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information page of these financial statements.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP 2019), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **1.2 Income recognition**
Incoming resources are recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor or funder has specified that the income is to be expended in a future accounting period.
Grants from government and other agencies have been included as income from charitable activities where these amount to a contract for services or where they are given towards the furtherance of specific activities, but as donations where the funds are given in response to an appeal or with the greater freedom of use, for example monies for core funding.
Legacies are included in the statement of financial activities when the charity is advised by the personal representatives of an estate that payment will be made or property transferred and the amount involved can be quantified.
**1.3 Expenditure recognition** Expenditure is included in the statement of financial activities when incurred and includes any attributable VAT which cannot be recovered. Resources expended comprise the following:
The cost of generating funds represents staff costs incurred in generating grants and donated income.
The costs of charitable activities comprise expenditure on providing opportunities for learning about the Christian faith particularly to children and young people and those engaged in their development. The costs include the direct and the indirect (or support) costs associated with these activities.
Support costs represent indirect charitable expenditure. In order to carry out the primary purpose of the charity it is necessary to provide support in the form of personnel development, financial procedures, provision of office services and equipment and a suitable working environment. The support costs are allocated wholly to charitable activities. Governance costs comprise the costs which are directly attributable to the governance of the charity and the necessary legal procedures for compliance with statutory requirements.
## **1.4 Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Freehold buildings 2% on a straight line basis Office equipment 33% on a straight line basis Fixtures and fittings 10% on a straight line basis
All tangible fixed assets costing more than £500 and with an expected useful life exceeding one year are capitalised.
## **1.5 Leasing and hire purchase commitments**
Rentals payable under operating leases are charged against income on a straight-line basis over the period of the lease
.
## **1.6 Investments**
Listed investments are included in the financial statements at their market value as at the balance sheet date. Realised and unrealised gains (or losses) are credited (or debited) to the statement of financial activities in the year in which they arise.
18
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **1.7 Stock and work in progress**
Stocks consist of publications and are valued at the lower of cost and net realisable value with provision being made for any obsolete or damaged goods, and regular review of stock items to ensure that holding cost is in line with this policy. The Board regularly reviews its policy on the write-down of stock.
**1.8 Pensions** contribution pension schemes to which the charity makes contributions based on a fixed proportion of pensionable salary. The attributable pension costs included in the financial statements represent the contributions payable to such schemes in respect of the accounting period.
Retirement benefits to some of the employees of the Charity are provided by the Teachers' Pension Scheme ("TPS"). This is a defined benefit scheme. working lives with the Charity in such a way that the pension cost is a substantially level percentage of current and future pensionable payroll. The contributions are determined by the Government Actuary on the basis of quadrennial valuations using a prospective unit credit method. TPS is an unfunded multi-employer scheme with no underlying assets to assign between employers. Consequently, the TPS is treated as a defined contribution scheme for accounting purposes and the contributions recognised in the period to which they relate.
## **1.9 Funds**
General funds represent those monies which are freely available for application towards achieving any charitable purpose that falls within
Special trust funds comprise monies for which the charity has responsibility in trustee capacity. Income from the CEM New Endowment Fund is credited to restricted income funds and applied towards the making of small grants to young people from churches in membership of the charity towards residential courses, conferences and holidays. Income from the Christian Education Church Building Fund is credited to general funds and applied for the general purposes of the charity.
Restricted funds comprise monies raised for, or their use restricted to a specific purpose, or contributions subject to donor imposed conditions.
Designated funds comprise monies set aside by the Board of Trustees out of unrestricted general funds for specific purposes or projects.
**1.10 Intangible fixed assets and amortisation** Intangible fixed assets are stated at cost less amortisation. Amortisation only commences when the asset has been brought into use and is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Software 20% on a straight line basis
All intangible fixed assets costing more than £500 and with an expected useful life exceeding one year are capitalised.
**1.11 Financial Instruments** The Charity only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the Charity and their measurement bases are as follows:
_Financial assets_ - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost as detailed in note 16. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at face value. Listed investments are included in the financial statements at their market value as at the balance sheet date. Realised and unrealised gains (or losses) are credited (or debited) to the statement of financial activities in the year in which they arise.
_Financial liabilities_ - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost as detailed in note 17. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.
## **1.12 Going Concern**
At the time of signing the accounts, the Trustees consider that The Charity will continue to operate for a period of at least 12 months from the date of signing these accounts. This is due to the level of business generation, income and funding secured with key partners. The Charity continues to hold significant cash reserves.
Although the charity held negative unrestricted reserves as at the balance sheet date, the charity has significant designated reserves and the current business plan contains an expectation that the unrestricted reserves will revert to a positive balance by 31[st] August 2025.
The latest forecast to 31[st] August 2025 indicates that the charity will be able to operate within the facilities available to it over this time period. On that basis the Trustees have prepared these financial statements on a going concern basis.
19
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **2 Donations and legacies**
|**2**
**Donations and legacies**||||
|---|---|---|---|
|**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Donations and gifts
300
7,640
Legacies Receivable
-
-
_______
_______
300
7,640
Total 2022
250
9,827
**3**
**Investment income**
**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Income from listed investments
192
18,105
_______
_______
192
18,105
Total 2022
169
17,906||**Total**
**2023**
**£**
7,940
-
_______
7,940
10,077
**Total**
**2023**
**£**
18,297
_______
18,297
18,075|**Total**
**2022**
**£**
10,077
-
_______
10,077
**Total**
**2022**
**£**
18,075
_______
18,075|
|||||
|||||
20
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **4 Income from charitable activities**
|**Income from charitable**|**activities**||||
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**funds**|**funds**|**2023**|**2022**|
||**£**|**£**|**£**|**£**|
|In furtherance of the|1,222,780|393,489|1,616,269|1,704,830|
|Total 2022|1,216,841|487,989|1,704,830||
||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|
||**funds**|**funds**|**2023**|**2022**|
||**£**|**£**|**£**|**£**|
|_Unrestricted funds_|||||
|Grants from UK Government|-|-|-|3,147|
|Subscriptions & Membership|398,824|-|398,824|376,911|
|Consultancy and related fees|221,623|-|221,623|160,343|
|Conferences and seminars|315,540|-|315,540|337,880|
|Royalties and other income|65,116|-|65,116|52,843|
|Income from sales of publications|221,677|-|221,677|285,717|
||_______|_______|_______|_______|
||1,222,780|**-**|1,222,780|1,216,841|
||||||
||_______|_______|_______|_______|
|_Restricted funds_|||||
|Grants from trusts and businesses|-|393,489|393,489|487,989|
||_______|_______|_______|_______|
||1,222,780|393,489|1,616,269|1,704,830|
Grants from the UK Government represent monies received in relation to the Coronavirus Job Retention Scheme.
Subscriptions represent monies received from subscribers in return for termly mailings of RE Today magazine and the appropriate curriculum book i.e. primary or secondary publications.
Membership represents the NATRE membership monies, in which members receive the RE Today magazine, curriculum books as a termly mailing but can additionally benefit from monthly e-newsletters, free and discounted courses and RE Today resources and the annual NATRE conference. This is a monthly offer, not termly as with the subscriptions.
Mailings for academic interest entitle the subscriber to a copy of the British Journal for Religious Education. This publication is also available within NATRE membership and RE Today subscriptions.
21
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **5 Total resources expended**
|**Total resources expended**||||||
|---|---|---|---|---|---|
||**Staff**|**Amortisation/**|**Other**|**Total**|**Total**|
||**costs**|**depreciation**|**costs**|**2023**|**2022**|
||**£**|**£**|**£**|**£**|**£**|
|**Expenditure on raising funds**|20,370|-|2,323|22,693|23,219|
|**Charitable activities**||||||
|Provision of opportunities for learning||||||
|Direct costs (note 6)|380,941|-|501,031|881,972|788,714|
|Support costs (note 7)|535,210|152,959|286,996|975,165|758,440|
|Governance costs (note 8)|-|-|26,610|26,610|20,186|
||_______|_______|_______|_______|_______|
||936,521|152,959|816,960|1,906,440|1,590,559|
Of the total expenditure of £1,906,440 (2022: £1,590,559), £1,294,067 (2022: £1,317,530) is allocated to unrestricted funds and £612,373 (2022: £273,029) is allocated to restricted funds.
## **6 Direct costs**
## **7**
|Other direct costs comprise:
**Unrestricted funds**
Project advisers, staff travel and other expenses
Production of publications and other project expenditure
**Restricted funds**
**Support costs**
Premises and related costs
Stationery, postage, telephone and related costs
Other costs|**2023**
**£**
47,139
148,194
_______
246,967
305,698
_______
501,031
**2023**
**£**
78,398
17,771
190,827
_______
286,996|**2022**
**£**
35,502
211,465
_______
246.967
160,399
_______
407,366
**2022**
**£**
76,186
15,207
157,347
_______
248,740|
|---|---|---|
Other costs of £190,827 (2022: £157,347) comprise expenditure relating to computer maintenance, repairs and renewals, other premises expenses, accountancy support, bank and related charges incurred during the year.
## **8 Governance costs**
|**Governance costs**||||
|---|---|---|---|
|||**2023**|**2022**|
|||**£**|**£**|
|Legal and professional|fees|15,838|11,675|
|Audit fees||9,025|8,340|
|||1,747|171|
|||_______|_______|
|||26,610|20,186|
22
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **9 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration during the year. All of the trustees were reimbursed travelling expenses. The total value of expenses reimbursed in 2023 was £1,747 (2022: One of the trustees was reimbursed £171).
## **10 Employees**
## **Number of employees**
The average monthly number of employees during the year was:
|Chief Executive
PA to Chief Executive
Business Development Director
Advisers
Publications & Marketing
Support staff
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2023**
**Number**
1
1
1
7
7
6
_______
23
**2023**
**£**
752,370
74,158
109,993
_______
936,521|**2022**
**Number**
1
1
1
6
7
7
_______
23
**2022**
**£**
727,599
69,388
101,392
_______
898,379|
|---|---|---|
One employee received employee benefits (excluding employer pension contribution) in the banding of £60,000 to £70,000 (2022: One).
The trustees consider its key management personnel comprise the management team. The total employment benefits including employer pension contributions and employer national insurance contributions of the key management personnel were £170,268 (2022: £163,837).
## **11 Taxation**
s charitable objects and no corporation tax liability arises.
## **12 Transfers**
No **t** ransfers (2022: £nil) were made from unrestricted funds to restricted funds.
23
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **13a Intangible fixed assets**
|**Cost**
At 1 September 2022
Additions
At 31 August 2023
**Amortisation**
At 1 September 2022
Charge for the year
At 31 August 2023
**Net book value**
At 31 August 2023
At 31 August 2022|**Software**
**£**
309,059
106,565
_______
415,624
_______
-
138,542
_______
138,542
_______
277,082
309,059|**Total**
**£**
309,059
106,565
_______
415,624
_______
-
138,542
_______
138,542
_______
277,082
309,059|
|---|---|---|
## **13b Tangible fixed assets**
|**Office**
**equipment**
**£**
**Cost**
At 1 September 2022
48,868
Additions
4,371
_______
At 31 August 2023
53,239
_______
**Depreciation**
At 1 September 2022
47,267
Charge for the year
2,874
_______
At 31 August 2023
50,141
_______
**Net book value**
At 31 August 2023
3,098
At 31 August 2022
1,601|**Fixtures**
**& fittings**
**£**
109,558
5,882
_______
115,440
_______
73,271
11,543
_______
84,814
_______
30,626
36,287|**Total**
**£**
158,426
10,253
_______
168,679
_______
120,538
14,417
_______
134,955
_______
33,724
37.888|
|---|---|---|
24
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee) NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **14 Fixed asset investments**
|**14**
**Fixed asset investments**||||
|---|---|---|---|
|
Market value at 1 September 2022
Change in value in the year
Market value at 31 August 2023
Historical cost:
At 31 August 2023
At 31 August 2022
**15**
**Stocks**
Stocks of publications for resale
**16**
**Debtors: amounts falling due within one year**
Trade debtors
Other debtors
Prepayments and accrued income
**Debtors: amounts falling due after one year**
Other debtors|**CCLA**
**Investment**
**Funds**
**£**
646,931
(11,398)
_______
635,533
466,527|**CCLA**
**Deposit**
**Funds**
**£**
733
-
_______
733
729|**Total**
**£**
647,664
(11,398)
_______
636,266
467,256
467,256
**2022**
**£**
91,710
_______
91,710
**2022**
**£**
81,368
6,344
31,405
_______
119,117
**2022**
**£**
12,084|
||466,527|729
**2023**
**£**
80,034
_______
80,034
**2023**
**£**
109,988
10,637
27,407
_______
147,932
**2023**
**£**
12,084||
25
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee) NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
|**17**
**Creditors: amounts falling due within one year**
Trade creditors
Taxes and social security costs
Other creditors
Accruals
Deferred income
Bank Loans and Overdrafts
**Creditors: amounts falling due after more than one year**
Bank Loans and Overdrafts|**2023**
**£**
104,988
19,661
6,906
94,390
245,275
10,000
_______
481,220
**2023**
**£**
17,500|**2022**
**£**
42,809
17,056
7,161
154,596
183,345
10,000
_______
414,967
**2022**
**£**
27,500|
|---|---|---|
The bank loan represents the capital amount repayable for a Coronavirus Bounceback Loan. This facility is provided by Lloyds Bank and supported by the Bounceback Loan Scheme (BBLS), which is managed by the British Business Bank and supported by the UK Government. The loan is repayable over 72 months, with no interest payable and no repayments due for the first 12 months. Thereafter interest is chargeable at 2.5% per annum. A minimum of £2,000 can be repaid at any time during the term with no penalty.
|**Deferred income movement**|**2023**|
|---|---|
||**£**|
|Balance at 1 September 2022|183,345|
|Incoming resources deferred in the current year|245,275|
|Less: amounts released|(183,345)|
||_______|
|Balance at 31 August 2023||
||245,275|
Deferred income represents membership fees of £210,399, subscriptions of £3,555 received in advance, and training/consultancy fees of £31,321 billed in advance.
## **18 Pension costs**
## **Teachers' Pension Scheme**
Some of the employees of the charity belong the Teachers' Pension Scheme for England and Wales. This scheme is a multi-employer defined benefit scheme. The latest actuarial valuation of the TPS related to the period ended 31 March 2020.
There were no outstanding or prepaid contributions at the end of the financial year.
Pension Scheme Regulations 2014. Membership is automatic for full time teachers and lecturers and part time teachers and lecturers following appointment or a change of contract. All teachers and lecturers have the option to opt-out of the TPS following enrolment.
The TPS is an unfunded scheme to which both the member and employer makes contributions, as a percentage of salary - these contributions are credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.
26
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee) NOTES TO THE ACCOUNTS (CONTINUED)**
**FOR THE YEAR ENDED 31 AUGUST 2023**
## **18 Pension costs: continued**
## **Valuation of the Teachers' Pension Scheme**
The Government Actuary, using normal actuarial principles, conducts a formal actuarial review of the TPS in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2014 published by HM Treasury every 4 years. The aim of the review is to specify the level of future contributions. Actuarial scheme valuations are dependent on assumptions about the value of future costs, design of benefits and many other factors. The latest actuarial valuation of the TPS was carried out as at 31 March 2020. The valuation report was published by the Department for Education on 27 October 2023. The key elements of the valuation and subsequent consultation are:
- employer contribution rates set at 28.68% of pensionable pay (including a 0.08% administration levy) from 1[st] April 2024 (contribution rate to 31[st] March 2024 is set at 23.68% of pensionable pay, as set by the 31[st] March 2019 valuation).
- total scheme liabilities (pensions currently in payment and the estimated cost of future benefits) for service to the effective date of £262,000 million and notional assets (estimated future contributions together with the notional investments held at the valuation date) of £222,200 million, giving a notional past service deficit of £39,800 million
- the SCAPE rate, set by HMT, is used to determine the notional investment return. The current SCAPE rate is 1.7% above the rate of CPI.
- - https://www.teacherspensions.co.uk/news/employers/2019/04/valuation report release.aspx
The employer's pension costs paid to TPS in the year amounted to £50,658 (2022 - £49,960).
Under the definitions set out in FRS 102, the TPS is an unfunded multi-employer pension scheme. The charity has accounted for its contributions to the scheme as if it were a defined contribution scheme. The charity has set out above the information available on the scheme.
## **Defined Contribution Pension Scheme**
CEM also participated in a defined contribution pension scheme. CEM contributed £59,335 (2022: £54,432) in the year in respect of 18 employees (2022:18).
## **19 Liability of members**
Christian Education Movement is constituted as a company limited by guarantee. In the event of the charity being wound up members are required to contribute an amount not exceeding £1.
27
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
**FOR THE YEAR ENDED 31 AUGUST 2023**
## **20 Endowment funds**
**Current year 2023**
|**Balance**
**Movement**
**Permanent endowments**
**at 1 Sep**
**2022**
**Incoming**
**resources**
**Resources**
**Expended**
**£**
**£**
**£**
CE New Endowment Fund
308,683
-
-
CE Church Building Fund
38,850
-
-
347,533
-
-
**rior year 2022**
**Balance**
**Movement**
**Permanent endowments**
**at 1 Sep**
**2021**
**Incoming**
**resources**
**Resources**
**Expended**
**£**
**£**
**£**
CE New Endowment Fund
308,683
-
-
CE Church Building Fund
38,850
-
-
347,533
-
-|**in funds**
**Transfers**
**Investments**
**gains/losses**
**£**
**£**
-
-
-
-
-
-
**in funds**
**Transfers**
**Investments**
**gains/losses**
**£**
**£**
-
-
-
-
-
-|**Balance**
**at 31 Aug**
**2023**
**£**
308,683
38,850|
|---|---|---|
|||347,533|
|||**Balance**
**at 31 Aug**
**2022**
**£**
308,683
38,850|
|||347,533|
**Prior year 2022**
The special trust funds comprise monies for which the charity has a responsibility in a Trustee capacity. On 1 September 2002, in accordance with the terms of a Scheme approved by the Charity Commission, the Trusteeship of the funds was transferred from National Christian Education Council to Christian Education Movement.
The CE New Endowment fund was established to generate income to be applied specifically towards making small grants to young people, from churches, towards residential courses, conferences and holidays. Income generated by the fund is credited directly to
The Christian Education Church Building Fund (formerly known as the Centenary Loan Fund) comprises capital monies to be applied in making interest free loans to churches in membership of the charity to enable them to support the This Fund no longer functions as a membership organisation .
On 4[th] September 2023 the Board of Trustees, in consultation with the Charity Commission, resolved to combine the special trust funds with the main Charity, and adopt the total return investment method of accounting, thereby releasing any returns from the endowed funds for unrestricted future use in the development of the Charity.
28
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **21 Restricted funds**
## **Current year 2023**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on for specific purposes:
|**Balance**
**Movement**
**at 1 Sep**
**2022**
**Incoming**
**resources**
**Resources**
**Expended**
**£**
**£**
**£**
**NEW2RE - Early Career**
**Development**
NEW2RE (JT)
30,062
-
(16,214)
NEW2RE (All Saints)
27,082
-
(14,606)
NEW2RE (Hockerill)
8,128
-
(4,384)
ITE Conferences (JT)
4,781
-
(4,318)
ITE Conferences (KH)
2,001
-
(1,807)
ITE Conferences (Hockerill)
-
2,500
-
ITE Conferences (St Matthias)
-
5,000
-
**Regional Infrastructure Project**
RE Support Infrastructure (CSTG)
51,218
50,000
(80,393)
RE Support Infrastructure (JT)
15,488
60,000
(59,956)
RE Support Infrastructure (others)
-
100
(100)
**Other Funds**
Spirited Arts (Westhill)
3,188
-
(3,188)
Spirited Arts (St Matthias)
854
-
(854)
Spirited Arts (others)
-
2,000
(91)
IBRA International Fund
26,048
7,640
(15,428)
Small Grants Fund
141,011
18,105
(1,354)
Understanding / picturing Islam
177,970
-
(26,950)
Understanding Unbelief
(1,125)
9,974
(6,567)
Understanding Christianity
174,799
100,000
(162,078)
NATRE Leadership Fund (CSTG)
9,113
1,000
(1,937)
BQiC (Templeton)
80,170
34,960
(115,130)
Primary 1000
25,809
-
(9,000)
RE Awareness
9,250
-
(3,500)
NATRE Chair
2,837
4,000
(4,760)
RE Plus Environment
2,500
3,955
(4,777)
UC Development
-
120,000
(74,981)
791,184
419,234
(612,373)|**in funds**
**Transfers**
**Investments**
**gains/losses**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Balance**
**at 31 Aug**
**2023**
**£**
**13,848**
**12,476**
**3,744**
**463**
**194**
**2,500**
**5,000**
**20,825**
**15,532**
**-**
**-**
**-**
**1,909**
**18,260**
**157,762**
**151,020**
**2,282**
**112,721**
**8,176**
**-**
**16,809**
**5,750**
**2,077**
**1,678**
**45,019**|
|---|---|---|
|||598,045|
29
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **21 Restricted funds (continued)**
## **Prior year 2022**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on for specific purposes:
|**Balance**
**Movement**
**at 1 Sep**
**2021**
**Incoming**
**resources**
**Resources**
**Expended**
**£**
**£**
**£**
**NEW2RE - Early Career**
**Development**
NEW2RE (JT)
44,165
-
(14,103)
NEW2RE (All Saints)
19,787
20,000
(12,705)
NEW2RE (Hockerill)
5,940
6,000
(3,812)
ITE Conferences (JT)
6,230
-
(1,449)
ITE Conferences (KH)
2,607
-
(606)
**Regional Infrastructure Project**
RE Support Infrastructure (CSTG)
24,541
45,000
(18,323)
RE Support Infrastructure (JT)
21,029
-
(5,541)
**Other Funds**
Primary Membership Support (JT)
375
-
(375)
Spirited Arts (Westhill)
5,600
5,600
(8,012)
Spirited Arts (St Matthias)
-
3,000
(2,146)
IBRA International Fund
20,221
9,827
(4,000)
Small Grants Fund
124,355
17,906
(1,250)
Understanding /Picturing Islam
14,724
175,838
(12,592)
Understanding Unbelief
(875)
-
(250)
Understanding Christianity
126,653
100,000
(51,854)
Strictly RE
2,055
-
(2,055)
NATRE Leadership Fund (CSTG)
9,343
1,000
(1,230)
BQiC (Templeton)
71,357
99,690
(90,877)
Primary 1000
25,747
11,000
(10,938)
RE Awareness
5,000
13,361
(9,111)
National Curriculum Symposium
11,800
3,500
(15,300)
NATRE Chair
2,837
4,000
(4,000)
RE Plus Environment
5,000
-
(2,500)
548,491
515,722
(273,029)|**in funds**
**Transfers**
**Investments**
**gains/losses**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Balance**
**at 31 Aug**
**2022**
**£**
**30,062**
**27,082**
**8,128**
**4,781**
**2,001**
**51,218**
**15,488**
**-**
**3,188**
**854**
**26,048**
**141,011**
**177,970**
**(1,125)**
**174,799**
**-**
**9,113**
**80,170**
**25,809**
**9,250**
**-**
**2,837**
**2,500**|
|---|---|---|
|||791,184|
30
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
**FOR THE YEAR ENDED 31 AUGUST 2023**
## **21 Restricted funds (continued)**
**NEW2RE - Early Career Development** is a project which has been designed to support secondary RE teachers to deepen their subject knowledge and teach six religions and other world views with confidence it is a two year programme which will be delivered through NATRE membership making it available to all.
**ITE Jerusalem Trust** six regional conferences delivered by working in partnership with lecturers on PGCE RE courses and by brokering with other partners to inspire new entrants to the RE teaching profession through inter-varsity day conferences.
**Regional Infrastructure Project** This is now known as RE Hubs with the website www.re-hubs.uk and launched in 2022. We have restructured this to be focused on being 9 Regional Hubs in England and 1 Hub in Wales that is led by a RE Hub Lead recruited for their specific knowledge and experience in supporting RE / RVE in their local region. The key focus is to provide an information exchange hub for those who have services, resources, training, and visits to benefit schools with those teachers who are looking to increase their teaching provision. This is led by Claire Clinton, Lead Director for England and Wales RE Hubs on behalf of the Steering Group which is made up of representatives from: REC, NATRE, AULRE, ARIEAC, TRS, NASACRE and CSTG (funder) and is managed on a day to day basis by RE Today.
**NATRE Leadership** is funding to support teachers in fulfilling their roles in RE leadership beyond the classroom.
**Spirited Arts -** funds to help invest in promoting the competition and embed the project in schools. It is a unique opportunity for teachers to enable their pupils to express their own religious and spiritual insights through Art, Music and Poetry. Some of the funding has been used to promote the competition nationally through celebrating the winners of the competition and highlight their fantastic entries.
The **IBRA International Fund** receives voluntary giving from individual IBRA readers to provide grants that enable the IBRA International Partners to translate and produce resources to support their local readers.
The **Small Grants Fund** comprises of income earned from endowment fund assets and applied towards making small grants to young people from churches. The provision of needing to be in membership of the charity has been removed. The fund supports attendance at residential courses, conferences, and holidays for young people.
## **Understanding Islam / Picturing Islam**
is to transform teaching and learning about Islam in schools in England and Wales, within the safe confines of the RE f those who follow the Muslim path in the UK today.
**Understanding Christianity and UC Development** this funding to enable all schools to access UC through the development of an online learning platform. It is now being used to teach Christianity in CofE schools and community schools: both school types are acknowledging this as a valuable RE resource that has impacted beyond the RE classroom. The RE Today Learning Zone is being launched with the online learning course which will have 6 modules and has been invested in to create a like for like course with the in-person training. The Community Schools subsidy applies to any schools training using the online course. RE Today is working collaboratively with funders and UC Accredited Trainers to provide access to all community schools through a £150 subsidy to cover the costs of the training resources and contribute to the cost of the training.
**Understanding Unbelief Kent University** (Templeton funding) the aim is to research and map the population of _in_ not just
31
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
**FOR THE YEAR ENDED 31 AUGUST 2023**
## **21 Restricted funds (continued)**
**BQiC Templeton** - Explores ways in which teachers of RE in primary and secondary schools can be encouraged to consider and address multidisciplinary approaches to big questions in RE classrooms. This has been through publications and online resources, and training for teachers.
**Primary 1000 - NATRE** works with NATRE exec, Advisers and teachers who refer hard-to-reach schools and provide them with resources and practical solutions, helping them to see improvement swiftly and be able to sustain this in the years to come.
**RE Awareness** the research, design and development of a three-hour course focussed on headteachers, governors and senior leaders who are responsible for the teaching of RE. It will outline the statutory requirements, look at supporting religious literacy in children and young people to help them to flourish in their futures. It is being developed as an online course, in person and with supportive literature.
**NATRE Chair** this is funding to enable the Chair of NATRE to fulfil their role in RE leadership beyond the classroom.
has been developed for the RE classroom for teaching
**RE Plus Environment** the resource about the environment and is being delivered as a downloadable resource, which is freely available.
## **22 Unrestricted funds**
## **Current year 2023**
|**Current year 2023**|||||||
|---|---|---|---|---|---|---|
|||**Movement in funds**|||||
||**Balance**|||||**Balance**|
||**at 1**|**Incoming**|**Resources**||**Investments**|**at 31**|
||**Sep 2022**|**resources**|**expended**|**Transfers**|**gains/losses**|**Aug 2023**|
|**Designated funds**|**£**|**£**|**£**|**£**|**£**|**£**|
|Fixed asset fund|346,947|-|(152,959)|116,818|-|310,806|
||_______|_______|_______|_______|_______|_______|
|**General fund**|(357,011)|1,223,272|(1,141,108)|(116,818)|(11,398)|(403,063)|
||_______|_______|_______|_______|_______|_______|
|Total|10,064|1,223,272|(1,294,067)|-|(11,398)|(92,257)|
**Fixed Asset Fund** comprises the net book value of all tangible fixed assets with the exception of any which have restrictions imposed on them.
32
**CHRISTIAN EDUCATION MOVEMENT (A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **22 Unrestricted funds (continued)**
## **Prior year 2022**
|||**Movement in funds**|**Movement in funds**|**Movement in funds**|||
|---|---|---|---|---|---|---|
||**Balance**|||||**Balance**|
||**at 1**|**Incoming**|**Resources**||**Investments**|**at 31**|
||**Sep 2021**|**resources**|**expended**|**Transfers**|**gains/losses**|**Aug 2022**|
|**Designated funds**|**£**|**£**|**£**|**£**|**£**|**£**|
|Fixed Asset Fund|162,801|-|(13,565)|97,711|-|346,947|
||_______|_______|_______|_______|_______|_______|
|**General fund**|(141,114)|1,217,260|(1,303,965)|(97,711)|(31,481)|(357,011)|
||_______|_______|_______|_______|_______|_______|
|Total|121,687|1,217,260|(1,317,530)|-|(31,481)|10,064|
## **23 Analysis of net assets between funds**
## **Current year 2023**
|**Unrestricted**
**Restricted Endowment**
**funds**
**funds**
**funds**
**£**
**£**
**£**
Fund balances at 31 August 2023 are
represented by:
Tangible fixed assets
310,806
-
-
Investments
288,733
-
347,533
Current assets
(193,076)
598,045
-
Creditors: amounts falling due within one year
(481,220)
-
-
Creditors: amounts falling due more than one year
(17,500)
-
-
_______
_______
_______
(92,257)
598,045
347,533
**Prior year 2022**
**Unrestricted**
**Restricted Endowment**
**funds**
**funds**
**funds**
**£**
**£**
**£**
Fund balances at 31 August 2022 are
represented by:
Tangible fixed assets
346,947
-
-
Investments
300,131
-
347,533
Current assets
(214,675)
791,184
-
Creditors: amounts falling due within one year
(414,967)
-
-
Creditors: amounts falling due more than one year
(27,500)
-
-
_______
_______
_______
(10,064)
791,184
347,533|
**Total**
**£**
310,806
636,266
404,469
(481,220)
(17,500)
_______
853,321
**Total**
**£**
346,947
647,664
576,509
(414,967)
(27,500)
_______
1,128,653|
|---|---|
## **Prior year 2022**
33
**CHRISTIAN EDUCATION MOVEMENT**
**(A company limited by guarantee)**
## **NOTES TO THE ACCOUNTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **24 Commitments under operating leases**
At 31 August 2023 the company had minimum lease payments under non-cancellable operating leases as follows:
|Expiry date:
Within one year
Within one to two years
Between two and five years|**2023**
**£**
42,500
40,288
-
82,788|**2022**
**£**
42,500
42,500
40,288
125,288|
|---|---|---|
## **25 Related parties**
All Trustees are entitled to a complimentary NATRE membership. Trustee expenses are disclosed in Note 9.
One Trustee is a director of SPCK Limited (formerly Lion Hudson), which supplies publications. The expenditure incurred with Lion Hudson Limited in the year was £13,639 (2022 - £15,384). The amount outstanding in creditors with Lion Hudson Limited at the end of the year was £nil (2022 £nil).
One Trustee is a Trustee of The All Saints Educational Trust, which provides grant funding for various projects. The funding received from The All Saints Educational Trust in the year was £nil (2022 - £20,000). The amount outstanding in debtors with The All Saints Educational Trust at the end of the year was £nil (2022 - £nil).
## **26 Analysis of changes in net debt**
|Borrowings
Total Liabilities
Cash and cash equivalents
Total net debt|**2022**
**£**
(37,500)
_______
(37,500)
353,598
316,098|**Cash**
**Flows**
**£**
10,000
_______
10,000
(188,679)
(178,679)|**2023**
**£**
(27,500)
_______
(27,500)
164,919
137,419|
|---|---|---|---|
34
CEM - Annual Accounts 2023 FINAL
Final Audit Report
2024-03-08
Created..
2024-03-08
By..
Lorraine William5 llorraine.wi1liams@christianedul10n.Org.ukl
Sl8lus'.
Signed
Tr8nsaclion ID..
CBJCHBCA4BAANll_wzliQeiO_mwhlBsoE4A5LcsSW2g
"CEM - Annual Accounts 2023 FINAL" History
Document created by Lorraine Williams Ilorraine.williams@¢hrislianedu¢alion.org.ukl
2024.038. 9..58..07 AM GMT- IP address.. 89.197.156.142
. Document emailed to Pamela Draycott lpamela.draycoll@gmail.coml for signature
2024-08- 9..58..14 AM GMT
Email viewed by Pamela Draycott 1pamela.draycott@gmail.coml
2024-034)8- 12."00".42 PM GMT- IP addres8." 2.120.152.198
DocLJment e-signed by Pamela Draycoll lpamela.draycoti@gmail.coml
Signature Dale.. 2024-03-08- 12..01.'42 PM GMT- Time Source.. server- IP address.. 2.120.152.198
Agreement completed.
2024-OMJ8- 12..01..42 PM GMT
IJ Adobe Acrobat Slgn
## CHRISTIAN EDUCATION MOVEMENT
YOUR EXTERNAL AUDIT FINDINGS FOR THE YEAR ENDED 31 AUGUST 2023
## CHRISTIAN EDUCATION MOVEMENT YOUR EXTERNAL AUDIT FINDINGS
|CHRISTIAN EDUCATION
MOVEMENT
YOUR EXTERNAL AUDIT FINDINGS|CHRISTIAN EDUCATION
YOUR EXTERNAL AUDIT FINDINGS|
|---|---|
|CONTENTS|PAGE|
|EXECUTIVE SUMMARY|01|
|FINANCIAL OVERVIEW|02|
|THE DETAILED STUFF||
|- AUDIT STATUS|03|
|- KEY AUDIT RISKS AND FINDINGS|04 - 06|
|- INTERNAL CONTROL IMPROVEMENTS|07|
## DISCLAIMER
Your external audit findings document is prepared for the confidential use of your charity and forms part of our ongoing communications under International Standard on Auditing (UK) 260 - communication of audit matters with those charged with governance. The findings highlight the key matters and issues arising from our audit report on the charity’s financial statements for the year ended 31 August 2023.
The contents of our findings have been discussed with management and their comments and responses have been included where applicable. The matters set out in our findings are those that came to our attention during the course of our normal audit work, which was designed to enable us to form our opinion on the financial statements. Our work may not necessarily disclose all errors or irregularities and should not be relied upon to do so.
The findings have been prepared for the sole use of the trustees and management of your charity. Our findings may not, without our express written permission, be relied upon by your charity for any other purpose whatsoever, be referred to in whole or in part in any other external document or made available (in whole or in part) or communicated to any other party. Cooper Parry Group Limited neither owes nor accepts any duty to any other party who may receive this report and specifically disclaims any liability for any loss, damage or expense of whatsoever nature, which is caused by their reliance on these findings.
## YOUR EXTERNAL AUDIT FINDINGS EXECUTIVE SUMMARY
## DEAR TRUSTEES
Welcome to your external audit findings for the year ended 31 August 2023.
This document sets out the key matters and issues arising from our audit report on your charity’s financial statements for the year ended 31 August 2023. More detail on each area can be found in on the rest of the findings.
## AUDIT STATUS
REPORT UNMODIFIED ~~Po~~
Opinion on the audit report in the financial statements
## KEY AUDIT RISK FINDINGS
|KEY RISK
~~ee~~|FINDINGS
~~ee~~|
|---|---|
|Income recognition|No issues identified|
|Allocation of expenditure|No issues identified.|
|Going concern|No issues identified|
|Management override|No issues identified|
|Related party transactions|No issues identified|
## OTHER SIGNIFICANT FINDINGS
No other areas of risk have been identified in addition to the key risks identified at the planning stage.
## OUTSTANDING INFORMATION
- Updated engagement letter (to be sent by CP)
## AUDIT ADJUSTMENTS
- The signed letter of representation
- Final set of financial statements incorporating RI amendments
No audit adjustments were identified as part of the audit process.
## INTERNAL CONTROL IMPROVEMENTS
|RISK
~~oO~~|CURRENT YR
~~oO~~|PRIOR YRS|
|---|---|---|
|~~oO~~
‘e,|-
~~oO~~|-|
|‘e,
~~@~~|-|-|
|~~@~~
~~@~~|-|-|
|~~@~~|N/A|N/A|
## UNADJUSTED AUDIT DIFFERENCES
There were no unadjusted audit differences identified as part of the audit process.
**01**
## YOUR EXTERNAL AUDIT FINDINGS FINANCIAL OVERVIEW
|FUNDS|UNRES’D
£000|RES’D
£000|ENDOWMENT
£000|TOTAL
£000|
|---|---|---|---|---|
|Income|1,223|419|-|1,642|
|Expenditure|(1,294)|(612)|-|(1,906)|
|SURPLUS / (DEFICIT)|(71)|(193)|-|(264)|
|Investment gains / losses|(11)|-|-|(11)|
|LGPS movement|-|-|-|-|
|NET MOVEMENT|(82)|(193)|-|(275)|
|Funds brought forward|(10)|791|348|1,129|
|FUNDS CARRY FWD|(92)|598|348|854|
## UNPICKING THE RESULTS
The table above summarises the overall financial results of the charity for the year ended 31 March 2022 and how these are reported in the financial statements:
The operating income and expenditure surplus for the year, before the losses on investment assets, is **£264,000** . Investment assets have generated losses in the year of **£11,000** which further increase the deficit for the year to **£275,000** . This compares to the budget which included a surplus of £565. The deficit highlights a tough trading year.
The overall funds at 31 August 2023 are **£854,000** . This total is split between restricted funds of **£598,000** , endowment funds of **£348,000** and general unrestricted funds of **(£92,000)** .
**02**
## YOUR EXTERNAL AUDIT FINDINGS AUDIT STATUS
## OUR AUDIT APPROACH
## OUR AUDIT REPORTS
There were no changes to our audit approach as previously set out to you in our external audit plan dated 08 January 2024.
## INDEPENDENCE
We have complied with the Financial Reporting Council’s Ethical Standard for Auditors and all threats to our independence, as set out to you in our external audit plan dated 08 January 2024, have been properly addressed through appropriate safeguards.
Our audit fieldwork is complete, and we have had a clearance and completion meeting with Zoe Keens, Jan Smith, Emma Shotter and Lorraine Williams on 19 February 2024 where we reviewed the draft financial statements and discussed our audit findings including the contents of this report.
Subject to the clearance of the outstanding matters outlined below, we anticipate issuing an unmodified audit report.
## ISA240 AND ISA315 ASSESSMENTS
No additional facts or matters have arisen during the course of the audit that we want to raise with you, and we confirm that we are independent and able to express an objective opinion on the financial statements.
## ACCOUNTING POLICIES AND DISCLOSURES
We have reviewed the accounting policies adopted by the charity and found these to be appropriate for the charity and in line with the sector overall, as well as having been applied consistently throughout the year. There were also no changes in the charity‘s accounting policies compared to the previous year.
We have also reviewed the disclosures included in the charity’s financial statements and are satisfied these are consistent with the applicable requirements of the Charities SORP and the Companies Act 2006.
As outlined at the planning stage of the audit, there are two revised auditing standards that applied this year; ISA240 and ISA315. As part of our audit procedures, we have held discussions with management to understand:
- The processes and controls in place covering all IT systems which have an impact on the financial statements;
- Management’s process for identifying and responding to risks of fraud in the entity, and obtaining an understanding of what those risks are, the likelihood and the potential impact.
- How those charged with governance exercise oversight of management’s processes for identifying and responding to risks of fraud and the controls in place to mitigate those risks.
From our completed audit procedures in these areas, we have not identified any significant issues that consider need to be brought to your attention.
## OUTSTANDING MATTERS
Before issuing our audit report, we still require the following:
- Updated engagement letter to be signed
- The signed letter of representation
- Final set of amended financial statements
**03**
## YOUR EXTERNAL AUDIT FINDINGS KEY AUDIT RISKS AND FINDINGS
As part of the audit planning process, we sought to minimise the risk of material misstatement occurring in the financial statements and remaining undetected at the conclusion of our audit work. To do this, we evaluated the inherent risk of misstatements arising, the risk that such misstatement will not be detected or corrected through the internal controls in place and designed audit procedures which will most efficiently and effectively reduce the risk of material misstatement remaining undetected to an acceptable level. This risk assessment process is designed to ensure that we focus our audit work on the areas of higher assessed risk of material misstatement to the financial statements.
Our audit focus was drawn to the following key risk areas and our initial assessments at the planning stage and the findings from our audit work on these areas is summarised below:
||||IMPACT OF||
|---|---|---|---|---|
|RISK|RISK
GRADING|FRAUD
RISK|SIGNIFICANT
JUDGEMENTS /|AUDIT FINDINGS|
||||ESTIMATES||
||||||
|MANAGEMENT|SIGNIFICANT|YES|HIGH|NO ISSUES IDENTIFIED|
|OVERRIDE|||||
|INCOME|SIGNIFICANT|YES|MEDIUM|NO ISSUES IDENTIFIED|
|RECOGNITION|||||
|FUND|HIGHER|YES|MEDIUM|NO ISSUES IDENTIFIED|
|ACCOUNTING|ASSESSED RISK||||
|GOING|HIGHER|YES|MEDIUM|NO ISSUES IDENTIFIED|
|CONCERN|ASSESSED RISK||||
|RELATED PARTY|HIGHER|YES|LOW|NO ISSUES IDENTIFIED|
|TRANSACTIONS|ASSESSED RISK||||
For each of the above key risk areas, more information on the audit work undertaken and our overall audit findings is detailed on the following pages.
**04**
## YOUR EXTERNAL AUDIT FINDINGS KEY AUDIT RISKS AND FINDINGS
Our external audit approach is risk based. During the audit planning process, we sought to minimise the risk of material misstatement occurring in the financial statements and remaining undetected at the conclusion of our audit work. Our focus was drawn to the following key risk areas and our findings from our audit work on these is detailed below:
|RISK|AUDIT WORK UNDERTAKEN|FINDINGS|
|---|---|---|
|INCOME
RECOGNITION
_Is income recognised_
_in line with relevant_
_standards and_
_guidance?_|Review grant income through to grant
agreements to ensure income is recognised once
the income recognition criteria has been satisfied.
Perform substantive testing on all key income
streams, reviewing source documentation and
following through the transaction to the point it is
recorded as income in the accounting system.
We reviewed other income types to determine
whetherany are considered ‘trading’ income.|No matters came to light during
our audit work in this risk area
that need to be brought to your
attention.
We have concluded that income
is not materially misstated in the
financial statements.|
|ALLOCATION OF
EXPENDITURE
_Is restricted income_
_correctly identified and_
_expended?_|Ensured material grant, donation and legacy
income streams reviewed and relevant
restrictions identified through the course of our
testing on income.
Ensured that expenditure of restricted income
streams, was in line with the funding agreement
or terms of funding.
Obtained supporting documentation for
significant costs in computer expenses and
repairs and maintenance to ensure that amounts
are correctly accounted for as either capital or
revenue expenditure.|No matters came to light during
our audit work in this risk area
that need to be brought to your
attention.
We have concluded that
restricted income is correctly
identified and expended.|
|GOING
CONCERN
_Is the charity able to_
_continue operating for_
_at least 12 months_
_from the date of_
_approval of the_
_financial statements?_|We obtained andreviewed the charity’s 2-year
budget forecasts, with associated reserves and
cashflow information, and challenged the
assumptions used.
We reviewed the trustees’ going concern
conclusions and the going concern commentary
included in the financial statements.
We reviewed and challenged managements
written assessment of the charity status as a
going concern.|No matters came to light during
our audit work in this area that
need to be brought to your
attention.
We agree withthe trustees’
conclusion that the charity is a
going concern and weare
satisfied with the disclosures
included in the financial
statements.|
**05**
## YOUR EXTERNAL AUDIT FINDINGS KEY AUDIT RISKS AND FINDINGS
Our external audit approach is risk based. During the audit planning process, we sought to minimise the risk of material misstatement occurring in the financial statements and remaining undetected at the conclusion of our audit work. Our focus was drawn to the following key risk areas and our findings from our audit work on these is detailed below:
|RISK|AUDIT WORK UNDERTAKEN|FINDINGS|
|---|---|---|
|MANAGEMENT
OVERRIDE AND
BIAS
_Is there is any_
_evidence of_
_misstatement in the_
_accounts due to_
_management bias?_|We obtained a report for all journals posted to the
accounting system and tested a sample to
ensure they were appropriate and in line with
your financial procedures.
We reviewed areas of significant accounting
estimation including consideration of the basis of
relevant management / trustee assumptions.
We reviewed the month end process and
information provided to trustees to ensure
information allows for informed timely decisions
to be made.|No matters came to light during
our audit work in this area that
need to be brought to your
attention.
We did not identify any evidence
of management override or bias
in your accounting records or
financial statements.|
|RELATED PARTY
TRANSACTIONS
_Are all related party_
_transactions identified,_
_approved and_
_disclosed in the_
_financial statements?_|Wereviewed the charity’s register of interests to
ensure completeness
We tested all related party transactions to ensure
that they have been undertaken in line with the
charity’s policies
We ensured that relatedparty transactions have
been appropriately disclosed in the financial
statements, including any trustee’s remuneration.|No matters came to light during
our audit work in this area that
need to be brought to your
attention.
We did not identify any additional
related parties or transactions
that require disclosure in the
financial statements.|
**06**
## YOUR EXTERNAL AUDIT FINDINGS INTERNAL CONTROL IMPROVEMENTS
The charity’s management are responsible for the identification, assessment and monitoring of risk and for developing, operating and monitoring the systems of internal control within the charity and for providing assurance to the board of trustees that it has done so.
Our audit work included consideration of internal controls relevant to the preparation of the financial in order to design audit procedures that are appropriate for the purposes of our audit engagement, but not for the purpose of expressing an opinion on the effectiveness of internal control. Our audit engagement is, therefore, not designed to identify all internal control weaknesses.
The matters reported below are limited to those areas identified during the audit engagement where internal control improvements are recommended, including any improvements recommended in prior years.
The detailed internal control improvement recommendations have been graded based our assessment of their potential risk to the charity according to the following grading system.
CURRENT PRIOR RISK DESCRIPTION YEAR YEAR ~~a~~ HIGH RISK: The improvements recommended are so ~~©~~ fundamental to the system of internal control and - - governance that action should be taken immediately to minimise the risk of material misstatement or governance failings. MEDIUM RISK: The improvements recommended have ~~©~~ an important effect on the system of internal control and - - governance such that a lack of action could lead to a material misstatement or governance failing. LOW RISK: The improvements recommended would improve the system of internal control and governance - - ~~@~~ generally in line with good practice, but are unlikely to lead to a material misstatement or governance failing RESOLVED: The improvements recommended in the N/A N/A previous year which have now been resolved. ~~@~~
## CURRENT YEAR
There have been no improvements identified in the year.
## PRIOR YEAR
There have been no improvements identified in the prior year.
**07**
## THANK YOU
## EAST MIDLANDS
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