2020-08-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2 to 5
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial	Statements	9to 22

			Religious	Education Council ofEngland	Education Council ofEngland	Education Council ofEngland	Education Council ofEngland	Education Council ofEngland	and	and	Wales
			Reference and Administrative					Details
Chief Executive Officer				Mike McMaster
Trustees				Trevor Cooling (Chair)
				David Francis (Deputy Chair)
				Rosemary Rivett	(Treasurer)		(appointed				5 December 2019)
				Deborah Weston	OBE(Company			Secretary)
				Aliya Azam
				Edward Pawson
				Sandra Teacher (resigned 31			August 2020)
				Philip Robinson
				Sushma Sahajpal	(resigned	31 August				2020)
				Kathryn Wright
				Sarah Lane Cawte (appointed			I September 2019)
				Derek Holloway	(appointed		I September				2019)
				Sarah Ruth Perlmutter (appointed					I	September		2020 and	resigned	I
				February 2021)
				Patricia Hannam	(appointed		I September				2020)
Secretary				Deborah Weston	OBE(Company				Secretary)
Principal	Office			CAN Mezzanine
				49-51 East Street
				London
				Nl 6AH
				The charity is incorporated		in England				and Wales.
Company	Registration		Number	05907308
Charity Registration			Number	1116543
Solicitors				Blake Lapthorn
				Harbour Court
				Compass Road
				North Harbour
				Portsmouth
				P06 4ST
Bankers				Lloyds TSBpic
				Commarket Street
				Oxford
				OX14AA
Independent		Examiner		RWB CA Limited
				Northgate House
				North Gate
				New Basford
				Nottingham
				NG7 7BQ
				Page I

			and Loss	es)
						(As restated)
					Total	Total
			Unrestricted	Restricted	2020	2019
		Note
Income and Endowments		from:
Donations and legacies		3	94,611	148,446	243,057	268,646
Charitable activities		4	42,950		42,950	66,008
Investment income		5	18		18	18
Other income		6				1,274
Total Income			137,579	148,446	286,025	335,946
Expenditure on:
Raising funds		8				(175)
Charitable activities		9	(170,958)	(94,537)	(265,495)	(334,946)
Other expenditure		10				(3,858)
Total Expenditure			(170,958)	(94,537)	(265,495)	(338,979)
Net (expenditure)/Income			(33,379)	53,909	20,530	(3,033)
Transfers between	funds		5,643	(5,643)
Net movement in funds			(27,736)	48,266	20,530	(3,033)
Reconciliation offunds
Total funds brought	forward		153,390	127,585	280,975	284,008
Total funds carried	forward	22	125,654	175,851	301,505	280,975

		Balance Sheet as at	31August 2020
				2020	2019
			Note		K(As restated)
Fixed assets
Tangible assets			17	692	924
Current assets
Debtors			18	28,773	66,208
Cash at bank	and in hand		19	291,543	249,278
				320,316	315,486
Creditors: Amounts		falling due within one year	20	(19,503)	(35,435)
Net current	assets			300,813	280,051
Net assets				301,505	280,975
Funds ofthe	charity:
Restricted income funds
Restricted funds				175,851	127,585
Unrestricted	income	funds
Unrestricted	funds			125,654	153,390
Total funds			22	301,505	280,975

in specific areas	has not be	en released despite the assessments tak	ing place in	prev	ious years.
						Relating to
			Relating to		Relating to	prior periods
			the current		the prior	before the
			period		period	prior period
			disclosed	in	disclosed in	disclosed in
			these financialthese tinancialthese financial
			statements		statements	statements
Funds - general	unrestricted				20,414
Funds - REQM	restricted				(20,414)
85,000 ofa grant received		on 4th October 2018 was previously	allocated to	the	REQM designated fund but it
has since been	determined	that the grant should have been allocated to unrestricted			general funds.

has since b	een dete	rmined that the	grant should have	been allocated to unrestric	ted	ge	neral funds.
								Relating to
				Relating to		Relating to		prior	periods
				the current		the prior		before the
				period			period	prior	period
				disclosed	in	disclosed in		disclosed in
				these financialthese			fiaaucialthese		financial
				statements		statements		statements
Donations	and legacies unrestricted		fund				5,000
Donations	and legacies designated		fund				(5,000)
Unrestricted	funds						5,000
REQM designated		funds					(5,000)

3 Incom	e from	donations and leg	acies
			Unrestricted
			funds	Restricted	Total	Total
			General	funds	2020	2019
						8(As restated)
Donations	and legacies;
Donations from		individuals	2,844		2,844	11,146
Grants, including		capital grants;
Government grants			11,767		11,767
Grants	from other charities		80,000	148,446	228,446	257,500
			94,611	148,446	243,057	268,646
			Unrestricted	funds	Restricted	Total
			Designated	General	funds	funds
Donations	and legacies;
Donations from		individuals		2,844		2,844
Grants, including		capital grants;
Government grants				11,767		11,767
Grants	from other charities			80,000	148,446	228,446
Total for	2020			94,611	148,446	243,057
Total for	2019		12,000	96,146	160,500	268,646

4	Income from c	h	aritable activities
				Unrestricted	funds	Total
				Designated	General f	funds
	RECouncil				24,235	24,235
	RE Quality Mark			18,715		18,715
Total for 2020				18,715	24,235	42,950
Total for 2019				38,900	27,108	66,008
5	Investment income
					Uarestricted
					funds	Total
					General	funds
Interest receivable		and similar income;
	Interest receivable		on bank deposits		18	18
Total for 2020					18	18
Total for 2019					18	18
6	Other income
					Unrestricted
					funds	Total
					General	funds
Total for 2019					1,274	1,274

			Unrestricted	funds		Restricted	Total
			Designated	General		funds	funds
Publicity costs					395	4,000	4,395
Project delivery			32,650	28,763		60,059	121,472
Employment costs			10,200	71,323		27,087	108,610
Establishment costs				15,459			15,459
Office expenses				2,	119		2,119
Printing, stationery	and postage		88		352	64	504
Venue hire and equipment		hire			416		416
Sundry costs				1,256			1,256
Travel and subsistence			59	1,579		3,146	4,784
Bank charges					183		183
Depreciation oftangible		fixed
assets					231		231
Total for 2020			42,997	122,076		94,356	259,429
Total for 2019			59,263	118,010		149,689	326,962
						Activity
						undertaken	Total
						directly	expenditure
REC						259,428	259,428
Total for 2019						326,962	326,962

Governance costs
				Unrestricted
				funds	Restricted	Total
				General	funds	funds
						8
Audit fees
Other fees paid to auditors				510		510
Independent examiner	fees
Examination ofthe financial			statements	3,840		3,840
Trustees remuneration	and expenses			1,103	180	1,283
Legal fees				433		433
Total for 2020				5,886	180	6,066
Total for 2019				7,403	581	7,984
12 Net incoming/outgoing		resources
Net incoming/(outgoing)		resources for the year include:
					2020	2019
Depreciation offixed	assets				231	307

14 Staffcosts The aggregate payroll costs were as follows:
	2020	2019
Staffcosts during the year were:
Wages and salaries	92,514	100,117
Social security costs	9,760	7,438
Pension costs	6,336	5,295
	108,610	112,850

2020	2019
No	No

2020	2019
3,840	4,080

17 Tangible fixed assets
	Furniture	and
	equipment		Total
Cost
At I September 2019		4,103	4,103
At 31 August 2020		4,103	4,103
Depreciation
At I September 2019		3,180	3,180
Charge for the year		231	231
At 31 August 2020		3,411	3,411
Net book value
At 31 August 2020		692	692
At 31 August 2019		923	923

18 Debtors
						2020	2019
Trade debtors						26,775	18,274
Prepayments						1,082	2,542
Accrued income							42,500
Other debtors						916	2,892
						28,773	66,208
19 Cash and cash		equivalents
						2020	2019
Cash on hand						2	40
Cash at bank						256,456	214,170
Short-term deposits						35,085	35,068
						291,543	249,278
20 Creditors:	amounts		falling due within		one year
						2020	2019
Trade creditors						171	775
Other taxation	and	social security				847	2,129
Other creditors							2,480
Pension scheme creditor						1,199	(437)
Accruals						14,066	10,488
Deferred income						3,220	20,000
						19,503	35,435
						2020	2019
Deferred income at		1 September		2019		(20,000)
Resources deferred		in the period				(3,220)	(20,000)
Amounts released from previous				periods		20,000
Deferred income at		year	end			(3,220)	(20,000)

22 Funds
		Balance at 1				Balance at
		September	Incoming	Resources		31August
		2019	resources	expended	Transfers	2020
Unrestricted
General
Unrestricted	income fund	139,924	118,864	(127,961)	(5,173)	125,654
Designated
RE Quality	Mark	13,466	18,715	(42,997)	10,816
Total Unrestricted		153,390	137,579	(170,958)	5,643	125,654
Restricted
RE PR Committee		3,248			1,000	4,248
RE Quality	Mark	4,000	4,000			8,000
PR Group Joint		101,223	30,000	(51,670)	(1,032)	78,521
Young Ambassadors		10,471		(1,000)		9,471
RE Teacher	Recruitment
Project		(992)	5,000	(5,000)	992
Commission	on RE	9,635		(3,032)	(6,603)
Lan Project			10,000	(4,700)		5,300
Worldview	Project		99,446	(29,135)		70,311
Total restricted		127,585	148,446	(94,537)	(5,643)	175,851
Total funds		280,975	286,025	(265,495)		301,505

	Notes to the Fin	ancial Statements for	the Year Ende	d 31August	2020
					Total funds at
		Unrestricted	funds	Restricted	31August
		General f	Designated	fundsf	2019 f
Tangible	fixed assets	923			923
Current	assets	170,932	15,206	129,349	315,487
Current	liabilities	(31,931)	(1,740)	(1,764)	(35,435)
Total net assets		139,924	13,466	127,585	280,975