Company registration number.. 05907308 Charjty r¢gisiration number.. 1116543 Religious Education Council of England and Wales {A company limited by guarantee) Annual Report Financial Sements for the Yvdr Ended 31 August 2025 RWB CA Limiied Northgate House North Gate New Basford "ottingha]n 'G7 7BQ
Religious Education Countil of England Wales Contents Reference and Administrdtive D¢lail$ Trustees. Repon 2to6 Indendent Examinerfs ReTrrt Statement of Finan¢ial Attivities 8109 Bajance Sh¢¢i io Notes to the Finat)¢ial Statements 11 to23
Religious Education Couneil of England and Wales Referenee and Administrative Details Chair Sarnh lane Cawte Chief Executive Offietr Andrew Nottage Secretary Kathy Riddick Charity RtglMratioD P4vmber 1116543 CoThp*ny R¢gistrAtioD Number 05907308 The Charity is in¢oTFM)rned in England and Wal¢s. North8ate House Northgate New Basford Nortingharn NG7 7BQ RWB CA Limited Northgaie Ho North Gale New Basford Nottingham NG7 7BQ Blake Morgan LLP Apex Plaza FoTbuT)' Road Reading RGI IAX Rcgis¢tr¢d Otri¢¢ Indendent Ex#min¢r Solititors: BAnkeTS Lloyds TSB pl¢ Comm&kd Sireei Oxford OXI 4AA Page I
Religious Education Council of England and Wales Trustees, Report The Trle¢S. who are direcuTrrs for the purposes of compatly law. present the annual report tO8cth¢r the rinancial stsiements of the charitable company for the year ended il Augu5¢ 2025. Reference and AdMIntrative dti•ils Reference and administrative details are shown on page l of the finanrial $tst¢ments. Objectives And idivities The C04m¢il's obje¢tiv¢s are the advaThccm¢trt of education throu8h the prtsmotion of reli8ious education in schools and pla¢e$ of fulther educalion and high¢r educaiion. Each year the trust¢e$ review the Council'$ actLVlti¢s to ensur¢ tha¢ they continue to refl¢ its objectives. In carying out this review the StetS have considered the Charity Commission's generdl guidance on public benefit and in particular its suppletnen guidance on the advancement of edUclOn for the public benefiL The Council works under a strdtegic plan that h&s been developed aDd approved by the tru5t¢¢s with the charitable objeclives ITh mind. The stTat¢giE pian sets out the key aim5 lor the Council's work. Th¢ Cowicil's vision 15 for every young peTSOn to experience an academically rigorous and personally inspiring education in religions and M)n-religious worldviews. Being an orgat)isaiion with diverse membership, the Council 5ceks to in a way that embodies values of c¢0p¢Tation. collaboration, openness, inle8Tity. mutyal r¢spect and criiical engagernent. Working with and ihrough its mernber I¥1¢$. the C0ClI Seeks to.. . Be a clear national voi¢¢ for the advocxy, 5UPPOrt and improvement of RE • Promot¢ the high¢5t possible standards of RE in all s¢h(x)ls, in all college5 and ITh teacher ¢dation * Influenee policy proactively with goi'ernment and other national and ini¢rnaiional bodies . Promote a positive public understanding of RE and its [e young perf)ple and wider society . Represent ai a straiegic level th¢ collective interests of its mernber Ixjdies in relation to RE The Council's Strategic objectives are- l. To promote hi8h quality l¢arhin& learnin8 and assessment in RE 2. To influencc the dtvelopmetht of public polscy to en¢ourag¢ 2nd sUp[)rt high quality RE 3. To enhance publsc understanding of RE and L15 value to young people and wider society 4. To secure effective 5tructure5 and operation for the Council S. To secure ad¢qua¢e and sumainable resourc¢5 for the Council The Council's impaet areas ar¢". We will achieve our mission in 2021-2026 by.. l. Campaigning and advocatin8 for hi8h quality education in reli8ion and worldviews 2. Building thriving relationships within the REC - Creating a fil for purpose 2nd substainablt REC Pag¢ 2
Religious Education Couneil of England and Wales Trustees, Report Achievements and perfoTmanee At each Board meeting time was spent analysin8 currcnt issues r¢lating to RE #nd RVE, deciding appropriate 5tra¢egies for engaging We15h Govemmeni. and HNI GoveTnment in respect of England. io promoting religious education. and to responding to initiatives wbich ap[rtd to be having negaiive consequences on RE and RVE. Having completed the Religion and Worldi'iews Hot)dtM)k and 2 of 3 frameworks. in May 2024, the Council gave focus to promoiirtg the work to the s¢¢ior and its stakeholdeTS. By Jwie 2025. we were pleased that many stakeholders and SACRES were using the Religion and Worldview5 approach in the handbook as the basis for fresh ¢urricula. We look fonvard to ¢ompletin8 and launching the 3rd frameMDrk in 2026. A major focu5 of the Council's work has been ¢ngagin8 with the D¢partmeni for Education's Curriculum and Assessment Review {CAARI. The council WOTked io gather ar submit evidencc on the state of RE. As w¢ll as Teferetjcing staiistical dai4 we engaged wilh our member5 to urHl¢rstand their view5 and experience on key issues such as th¢ standard of RE provLSLon. the REC-S National Con¢ent Standard, and wherher the RE mighi join the national curriculum. We found IOO•/o of Tnembers who engaged in this process were unhappy w'iih th¢ 5tstU5 quo for RE and soughi chaEJge. This infonn¢d the Ixjard's resp)nse. Additionally. we proded webinars to help our members ensag¢ the review and undetStst)d how to submit th¢ir own, independent SponSe$. In %lay 2025. we were pled to welcome members of the CAAR panel to PTovid¢ key note speeche5 at our AGM. and to listen to rts]x)nses from OUT members. The RE Quality Mark ¢ontinued to celebe high quality RE in Khoojs. The PTDj¢a saw a decline in s¢hools und¢rtaking the award. However. those who undertook the award continued to s¢¢ sirong impact upon ihe quality of their RE and io deliver high praise to the project. Th¢ award help5 raise th¢ profile of the subject in 5¢hools. Through the joini workin8 8roup, the RE Policy Unil the Cowjcil carnpaigned for improvements in the subject. This included wY)rking with 8 PR COTnpany to ensure article5 promotin8 the subj¢¢i are made avwlabl¢ in the national pr¢ss. and recruiting ¢hampions 10 5p¢ak about RE. .M¢tnbers of the Council mei with paTliam¢ntarians and government minis¢¢rs to advocaie for the subject. This was donc while working wilh political consultants. Poliiieomms. REPU'S work includcd attthding the Labour Party Confertnce to meet with MPS. In addition, the Council began work on Thwo new project5. The first focuses on the underrepresentalion of Dharrnic and Indi¢ Traditions in lh¢ RE curriculum. The second fwuses on rd¢veloping tsur REsili¢nc¢ Teacher Training Resouwe that io improve teacher confid¢nce in th¢ t¢hirtg of contentlOU5 issues in RE. This was originally created in 2011. Page 3
Religious Edu¢ation Council of England and Wales Trustees, Report Fingnci%l revit During lh¢ year. the Board monitored th¢ Council'5 financial position and discuSd proposals for sustaining the work and profil¢ of the Council in challenging financial cirCumsD¢¢s. Budgets artd financial reports 'ere presented to thc Board to ensure trustees were fullv aware of the Council's finan¢iai w)sition and ptoposais M'ere discussed for 5UStaining the work and profile of the Council iThts) the future. In iernis of funding core costs. th¢ Council h85 enjoyed ¢ontinuin8 SUPFQrt from a range of filnders. A ¢alcula¢ed per¢entage contribution io core ro5ts of typically betw¢¢n l OOA and 200/0 15 mad¢ from all funded projects. Expenditure from all 8Tants r¢c¢iv¢d during the ye4r continue$ to be carefully rnni¢ored and h&s cotne M"iihin budget. Regular reports were made to the grant providers. As at year end wtsl reserves were £244,410 oui of whi¢h £41,294 werc in restricted fiJnd4 £13,173 in de5ingated fifftds and £189,943 were avaiable as fre¢ reserve5. Policy ott reserves The Reserves Policy was increased to £IOO.000 for th¢ year. This wa5 due to ¢on¢erns the Rtligion and WoTldview5 Handbook proj¢¢L'S funding may be impacted by exchange rate5- these concern5 djd noi materialise. The reserves p)licy olso covered notice periods required for staff. contractual obli8ations and a legal fee c(pntiDgency. Tru5tee5 and offJ¢ers The trusie¢s and otrieers serving during the year and Slnce the year end were follows: Tru5t¢¢5'. Sarah tane Cawte (Chairl Rosemary Rivett {Tr¢asurer) Deknrah Weston OBE (resigned 14 January 2026) Aliya Azam Philip Robinson Dr Kathryn Wright Paul Smalley Kathy Riddick Dr C¢lin¢ Benoit Ires1wd 31 Augusl 2025) Dr Sheila Jeanne Gewolb Elizabeth Anne Jones (resigned l January 20?6) Tanuja Shukla (appointed I September 20241 Caroline Ali¢¢ Ald¢rton {appoinied I Seplember 2024) Dr Chard lan Kyeh (appointed 18 Octob¢r 20241 Chicf Ex¢cuiiv¢ oifiE¢r= Andr¢w Nowe Se¢retory: tkknrah Weston OBE (re$igned 14 January 2026) Kathy Riddick Pag¢ 4
Religious Education Council of England and Wales Trust$, Report Strncturei governAnee and m*nagtmeDt The Religious Edu¢aiion Council of England and Wale5 is a Charithble company limiied by guarantee. The Council was established under a Memorandum of Association thi¢b ¢stsblished the objects and powers of th¢ charitable company and is gov¢rned by its Articles of Association. The Chariry irusiees are responsible for the general control and mana8ement of the organ1110n. Th¢ Religiou5 Education Council is a tnembership org2Thi5ation. Each member or8anLsation is entitled io nominaie up to three authorised representatives. Authorised repre5entatlVC5 art able to attend Gencral Me¢iings. vote at ihem. and are the main point of ronta¢i betm'een the Religious Education Council and its members. Authoris¢d representatives are eligible to siand for election to the Board. E4ch member organisation can cast one sel of vot¢5 for candidates for the Board. and on applications that the Board has approved from organisations wishing to join th¢ Religio5 Education Council. Meetings of (he Board were held througknui the y¢ar. At each meeiing the Chair gave a report of her activities on behalf of the Council. Board meetings fully s¢rutinised the work undertaken by the Coun¢il, including the work of Ih¢ Committees. At ¢h Board meeting. the Ex¢Gutive Officer psented a report detailing th¢ work or the Covnril 51n¢e the previous Board meetin8. The SRGM was held on 6th November 2024 online (via Z(m). Mthich provided an opportunity to update and consuli wilh all Coun¢il member5 betsyeen AGMS. The AGM w held on Isi May 2025 ai Si Mary'$ UniNer5ity. Tmickenham. Ai the AGM the an eleciion to the board of one new board member. They M¢Te ¢lecied io take up theiT FKlSltJon from 1st Sepi¢mb¢r 2025. The REC main1aiThed four stst)ding committee5. es¢ablish¢d by the Board. in ord¢r io provide guidance ro the Board iD specified areas.. the Govemance Committee. the Finatlce Committee. the Fundrdi5ing cotNTnittee, and (ht Imember Enga8emeTht Commilt¢¢. In addition. there was a joini WOTking group. the RE Policy UoiL that comprises representative5 from th¢ REC as w¢ll 18 member5 s¢le¢t¢d by the N'aiional Assoctaiion of Ttra¢he of RE INATREI and RE Today. This joitti RE Policy Unir i5 governed by a Mernordndum of Understanding ae¢l between the three organisations. There were also ttgular OffiErts' mectin85 10 follow up policy decisions tsken by the Board and lo discuss operational iSSLLes. These meetings w¢re attended by th¢ Cowicil'5 Exe¢uliv¢ Offieer for the day io day runnin8 of the Council. Page 5
Religious Education Council of England and Wal& Trusteos, Report StAtemeDt of trustees. r¢sp)rtsibiiitie5 The trustees Iwbo are also the directors of Religious Education Coun¢il of England and W'ales foi the purposes of compan). lawl are responsible for preparing the trustees. report and the financial sratements in accordance with applhcabl¢ law and Untted Kingdom Accounting Stsndards (Lnited Kingdom Generally Ac¢ept¢d A¢¢ounting Praciicel. including FRS 102 "The Financial Reporting Standard applicabl¢ in the UK and Republl of Ireland". The repon and arwunts have been pr¢par¢d in ateordance with the proYi5ions in the Companie5 Ad 2006 relaEing to small companies. Company law requires the trusiees w prepare financial stsiements for each fEnancÉal yeor. Under company law the trustees must no¢ approve the fLnatlCLal sthtements unles5 the). are saiisfied that they give a trnE and fair view of the 5tste Of affairs of the ¢h2rithble company and of the incorning r¢souT¢¢S W)d application of resources. in¢ludiDg its income and expenditure, of the charitable company for that period. In preparing rhese financial statements, the tsustees are required to: Select suitable accounting poli¢i¢s and apply them consistently.. ob5erv¢ the methods and principl¢5 Ln the Chari¢i¢s SORP- make judgements and estimate5 tha¢ are reasonable and prudent: state whether applicable accounting s¢ar)dards, comprL5ing FRS 102 have been followed, subj¢ci io any material departures dis¢losed and explained irh the fit)ancia] statements: and prepare th¢ financial ststemcnts on the going concern basis unless it is inappropriate to presume that the ¢h2ritable company will continue in business. The tn]stees are resp)nsible for keeping proper accouniing record5 that can dis¢lose with rea50n¥4ble a¢¢ura¢y at any ¢ime the financial p05jtion of¢he charithble company arhd enable them to ensur¢ thot the finaneial Statements comply with the Companit5 Act 2006. They are also re5p)nsibl¢ for safeguarding the assets of the charitable gmpany and hence for takin8 reasonable steps for the prevention and detection offraud and other trregularities. The tru5te¢s are responsibl¢ for the mainienance and iThte8rity of ihe ¢orp)rnie and financial infornation included on the charitable Company's websiie. Legislation governin8 the preparY4tion and disseminathon of fiJwi¢iai statements may diffcr from legislation in other jUTi5dictions. SMAII Company provision5 This report Iw been preparred in a¢¢ordance with thc small companies regime under th¢ Companie5 Act 2006. The annual report w*s approved by the trLLSttts of the Clwiry on 7 May 2026 and signed on its beha]f by.. Sarah Lane Cat Chair Page 6
Religious Education Council of England 2nd Wales Independent Examiner's Report to the trustees of Religious Educ4tion Couneil of England and wal ('the Company,) I report to the Charity tnstees on my examinlon of the accounts of the Company for the year ended 31 August 2025. Responsibiliiies and b*$is ot reybrt As the Charity's irusiee5 of the Companj {and also its directors for th¢ purp)ses of ¢ompany lawl you ar¢ responsible for the prepardtion ofthe accounts in COrd0n¢e with tht requirements of the Co]npanies Act 2006 ('the 2006.4¢1'1. Haying 5atl5fied myself that the accoun15 of the Cornpany are qUIred to be audited under Part 16 of rhe 2006 Aci aThd are eligible for indep¢nd¢nt examination. I report in respeci of my examination of your ChaTity'S accounts &s carried out under seciion 145 of the Charities Ari 2011 l-the 2011 Aci'l. In carrying out my examination I have followed the Directioths given by the Charity Commission under se¢tion 145(5llbl of the 2011 Atl. IndependeDt e%#min¢r's Statement I have completed rny examirtaiion. I that no matters have ¢om¢ my attention in connection with the examination giving ]ne cause io b¢liev¢'. ac¢ountlDg r¢cords were noi kept in respeci of Religiou5 Education Counchl of England and Wales as required by se¢tion 386 of the 2006 Act- OT 2. the aecounts do not accord with thos¢ r¢¢ords' or 3. the accounts do [t comply with th¢ 2c¢owiiing requirements of Section 396 of the 2006 Aet other than any requirement that the accounts give o 'true and fair view which is not a mauer considered 25 pan of an independent examination- or 4. the accounts have not been prepared in accordance with the meihods 3nd principles of the StateTn¢nt of Recommended Practice for a¢¢ounting and reporting by charitie5 lapplicable io charities preparing their accounis In a¢eord3nce with the Financial Reporting Swidard applicable in ihe UK and Republic of Ireland {FRS 102)1. I have m concern5 and have roryje a¢ross no other matters in conneciion Mryth th¢ examirtaiiotj ts) which attcntion should be dra in this report in order to enable a proper understanding of the a¢¢ounis tg be reached. Nicholas Bonnello FCA The Institute of Chartered Aceountants of England and Wal¢$ Northgate House N'orth Gale New Basford Nottingham NG7 7BQ 7 May 2026 Page 7
Religious Edueation Council of England and Wales Ststement of Financial Activities for the Year Ended 31 August 2025 (Including Income and ExpeDditure Account and Statement of Total Recognised Gain5 and Losses) Ltlrestritted futtds Restricted funds Total 2025 No¢* locome and Endowments frorn: Donations and legacies Charitable activitie5 lrtv¢stsn¢ni income 50.750 28.484 7.123 69,893 120,643 28,484 7.123 Total income 86,357 69.893 156.250 Expenditure on: Charitable activities {92.1551 (45,7901 (137,9451 Totsl expenditure 192.1551 (45,7901 1117,9451 Net lexpenditur¢yincome Transfer5 between furhds 15.7981 10,000 24.103 {10.0001 Net movement in funds 4202 14,103 18.305 RecontiliataoD of funds Total funds brought for¥vard 198,914 27,191 226,105 Total fimds carried fonvard 17 20),116 41.294 244.410 The tleS on pz8es I I to 23 fomi an integral part of these financial sthiem¢nt5. Page 8
Religious Edueation Council of England and Wale5 Statement of Financial Activities for the Year Ended 31 August 2025 (Including Income and Exp¢nditure Account rlnd Stat¢ment of Total Re¢ognised Gains Losses) UDrestricted futhds Resiri¢i¢d funds Total 2024 ote Intome &Dd Endowrnents from: Donation5 and legacies Charitable activities Invesimeni income Other income 50.750 39.087 72,906 123.656 39,087 6.406 149 149 Total income 96.392 72.906 169.298 Expenditure on: Chariiable act2vitie5 193.502) 1108.2411 1201.7431 To¢31 expenditure 193.5021 1108,2411 (201,7431 N¢t incomellexp¢nditur¢} Tr8nsfers between funds 2.890 14.700 {35,3351 114,7001 132.4451 Net rnovemeni in fid5 17.590 150.0351 (32.4451 Re¢onciliatlOD of fud5 To¢al funds brought fonvdrd 181.324 77.226 258.550 Toro1 fvnds carried fonvard 17 198.914 27,191 226.105 All of ihe Chariry's activities derive from coniiThuiThg oper*ions durin8 the above two p¢riods. The funds breakdown for 2024 is showi in T1¢ 17. The note5 on pages I I to 23 fonn an integral part of these financial statemerjts. P8ge 9
Religious Education Council of England aDd Wales {Regis¢ration number: 05907308) Balan¢e Sheet as at 31 August 2025 1025 2024 Note Currtnt 5sets Debtor5 C&sh ai bank and in hand 13 14 899 261,720 3.465 245.002 262,619 248.467 Creditors: Amounts fllinK due one year 15 {18.2091 22.3621 Net ass¢ts 244.410 226,105 Funds otthe Chxrity: Restricted income futtds Restricted ndS 41.294 27.191 Unrtstri¢ted intome funds Unresiricled funds 203.116 198,914 Total funds 17 244,410 226.105 For the financial year ending 31 August 2025 the Charity was enii¢l¢d io exemptioTh from #udil und¢r Section 477 of the Companies Act 2006 relating to Stnajl companics. Dir¢¢tors' r¢sp)nsibilities'. The members have not required the cIlty w obtsin an audit of its accounts for the year in question in accordance with section 476- and Thc directOT5 acknowledge their resp0Th5ibilities for ¢omplyit)8 with the requirements of ihe Act with respcct to accounting records and the preparation of accounis. Thes¢ finaticial statements have been pPar¢d in aecordance with the Spla1 pwovisions relatin8 to companies subject to the small companies regime withiD Part 15 of the Companies Act 2006. The fjnancial statements on pages 8 10 23 were approved by the trusiees, and authorised for issue on 7 May 2026 and signed on iheir behalf by.. Sarah Lanc Cawt¢ Chair Thc Thotcs on pages l I to 23 form an integral pan of these financial 5tatemertts. Page 10
Religious Education Council of England and Wales Notes to the FiDan¢ial Statements for the Year Ended 31 August 2025 I Charity statu5 The Charity is limited by guarantee. incorpordted in England and Wale5. and consequently does not have share capiial. Each of the tTUStees is liable to contribute an arnounl riot ex¢eediThg £10 towards the asscts of the Charity in ihe eveot of liquidaiion. The address of iis regist¢r¢d office is: Northgale Ho¢ North&T2t¢ ew Basford Nottingharn NG7 7BQ These finan¢ial statements were authorised for issue by th¢ trustees on 7 May 2026. 2 Accounting polieles Surnmary of 5ignifit¥nt #ccouttting policies and key accounting estimal¢s Th¢ principal accounting policies applied Jn the preparation of these financial sutemenis are set out below. These policies have b¢eo ¢onsistenily applied to all the yeats preseni¢d. unl¢ss otherwise $thd. Statement of Cotnpliante The financial stsiements have beery pr¢p2red in accordance with A¢¢ounting and Reporting by Chariti¢s'. Statement of Recommended Practice (applicable ¢hariiies preparing their accounts in accordance with the Financial Reporting S¢andard applÉcable sn the UK and Republic of Ireland {FRS 1021) (issued in October 20191 (Charities SORP IFRS 10211, lh¢ Ftnancial Rew)rting Standard applicable in the UK and R¢public of Ireland {FRS 1021 and the Compani¢$ A¢1 2006. Basis of preplrgtion Religious F.ducation c0ClI rjf EnglaThd and Wales meets th¢ definÈtion of a public benefit entity under FRS 102. Assets and liabilities aT¢ iniiially recognised ai hillorical cosi or [ratclion value unless othen¥ise sia(ed in the relevant accounting p)li¢y notes. Going Concern The tTuslets consider ihai there are no material wi¢enainiies about the Charity's abiliry continue as a going conc¢Tn noT any 51gnifican( areas of unc¢rtaiThry that affect the ¢anying value of asse15 h¢ld by th¢ Chariry. Exemption from preparing a cash flow stxitment The Charity opted to ¢orly adopt Bulleiin I published on 2 Febnjary 2016 and have therefore Dot included a cash flow statement iD ¢hese finaneial stsiements. Income and endowments All incom¢ is re¢ogrtised once the Charity has enlitlement to the itKome. it 15 probable that the income will be received and the amouni of the in¢ome receivable ean be tred Teliably. Pagell
Religious Education Council of EDgland and Wales Notes to the Financial Statements for the Year Ended 31 August 2025 Donolions andlegocies Donations are rcco8nised th¢ Charity has been notified in TrTiting of both the amount and settlement dale. In the event that a donation is subjtrt to nditiOnS that require a level of perfonnan¢e by th¢ Charity before the Chariry is entitled to the funds. the income is deferred a¢)d noi recognised until either those Conditions are fully met. or the fulfjlmeni of those cotlditions is whollv within the control of the Charity and i¢ is probable that thesc ¢onditions will be fulfilled in the reporting period. Grnnts receiv4Ne Grants are reeo8nised when ihe Charity has an entitlemenl to the funds and any conditions linked to the grants have been met. Wher¢ perforn)anc¢ conditions are attached to the grant and are y¢t to be met, the income is re¢ognised as a liability and included on the balan¢e sheet &% deferred income to be rel¢ased. Deferredincome Deferred income represent5 amounts r¢¢ei¥¢d for firture period5 and is released to incoming resources irt ihe period for which. it has be¢D r¢c¢ived. Such income is only d¢f¢Tred Mthen= - The donor specifles thai the granl or donation must only bc used in future 8¢counting periods. or - The dotK)r h&s imwjsed condilion5 whi¢h musi be before the Charity has unconditional entitlement. Inve51menl income Dividends are reco8nised oncc th¢ dividend has been declared and notificatiort has b¢en received of the dividend due. Exptmditllre All expenditure i5 reco8n15ed once there is a legal or constnKtive obligatiort to that expenditure. it 15 probable settlement is required and the amount ¢an be m¢asured reliably. All costs are allo¢at¢d to the applicable eXditytC heading that aggregate similar costs to that category. Where eosts carlnot be dir¢¢ily attributed io particular headings th¢y have been allocated on a basis WnSlStertt with the use of resource5. 1th ¢¢ntral staff costs allocated on the basL5 of tim¢ spenL and depreciation charges allo¢at¢d on the tM)nion of the as5et'5 Use. Other support costs are allocat¢d based on the spread of staff £05ts. Churilable oclivides Charitable expenditure comprises those costs incurred by th¢ Chariry in the delivery of its activities and s¢rvices for its beneficiaries. It in¢ludes knih costs that Can be alloca¢ed direeily to sueh activities and those costs of an indirect nature necessary to support them. Gr4lllprnwifions Provisions for grdnts are made when the inmtion io make a grant has been ¢ommunicated to the recipiertt but th¢re is uncertainry about eiiher the timing of the grani or the amount of grant payable. Governante tosts These include the costs attributable to the Charity's complian¢¢ wth ¢onsLttutional and ststuiory r¢quirements, including audii, strai¢gi¢ management and ttusiees m¢¢iings and reimbursed expenses. Page 12
Religious Edueation Council of England and Wales Notes to the Financial Statement5 for the Ye¥r Ended 31 August 2025 Tax#tion Th¢ Charity i5 conSided io pass the tests out in Paragrdph I Schedule 6 of the Finance Aci 2010 and therefore it meets the definition of a charitsble company for UK corporation tsx purpose5. Accordingly, the Charity is poieniially exempt from iaxaiion in respect of income or capiTal gains received within categories covered by Chapter 3 Pan I l of the CorpoTaiion Act 2010 or S¢ciion 256 of the Twiion of Chargeable Gains Aci 1992, to the exien¢ thai such incom¢ or gains are applied exclusively io charitable purySeS. Trade dtbiors TTade d¢biors are amounts du¢ from ¢tOmerS for merchandi5¢ sold or senryees performed in ih¢ ordinary ourse of business. Trade debiors are reco8niscd inilially ai the transaction price. A provision for the impairni¢nt of trade deb¢ors is ¢5tabli5hed wh¢n there is objective evid¢nce that the Charity will be able io ¢ollect 311 amounts du¢ according to the oiiginai lern of the re¢¢ivabl¢s. Trade credilOTS Trade ¢rediiors are obligations io pay for goods or S¢TVl¢¢S that have beeo acquired in the ordinary ¢our5e of bu5ines5 from suppliers. Accounts poyabl¢ are cla5sifi¢d as current liabilities if the charity does noi have an uncoiiditional right, at the end of the reporting period. to deler settlement of th¢ creditor for at least tw¢lve months after the reportin8 date. If there is an uncondiiional right to defer 5cttl¢rneni for at I1 twelve months after ¢h¢ reporting dale, Ihey are pr¢s¢ni¢d as non-current liabilitL¢S. Trad¢ ¢reditors are rccognised initially at the tranwtion price. Fund slru¢tyr¢ Unresiricted income funds ore general funds that are available for us¢ ai the trustees discrnion in fitherance of the obj¢¢iives of the Charity. Designated ndS ar¢ unrestricied fid$ Set &side for specifjc PUT)5¢5 at th¢ discreiion of the trustees. Resiricied income fund5 ihose donated for use it) a particular area or for specific purpos¢5. the use of which LS restricted to iht area or purpose. Pensions and other post retireth¢ttt oblig#t10115 The Charity operdt¢s a defined eontributioti pet)sion scheme whi¢h is a pension plan under which fixed ontribulions are paid inio a pension fund and the Charity has no legal or corLStrUCtive tsbligation (o pay further ontribuiions even if the fund does noi hold suffi¢iet)t assets to pay ail employees the b¢rt¢fiis relating to employee service in ih¢ ¢urrent and prior perio(L%. Contribution5 to defined contribution plans are recogni5ed io the Statement of Financial Activities when they are due. If ¢ontribution paymetsts exceed the contribution due for seryice, the exc£5s is recognised as a PPaYment. Pag¢ 13
Religious Education Coun¢il of England and Wales Notes to the Financial Statements for tbe Year Ended 31 August 2025 3 ltttome from dongtj0115 SDd leKaei¢s Unrestricted funds Generxl Restricted funds Totsl 2025 Donations and legacies: Donations from individuals Grants, including capital grantg Grants from other charities 750 750 50.000 69,893 119.893 50.750 69.893 120,643 L'ortstritted funds Grtr*I Restricted funds Totgl 2024 Donations atjd legacies: Donations frnm indivhduais Grants. including capitol grants- Grants from other charities 750 750 50.000 72.W6 122.906 50,750 72.906 123.656 Pag¢ 14
Religious Education Council of England and Wales Notes to the Financial Statements for the Year Ended 31 August 2025 4 Income from charibIt ¢tivities Unrestricted funds Designattd General Tot31 2025 RE Council RE Quality Mark 13.695 13,695 14.789 14,789 14,789 13.695 28.484 Lnrestritted funds De5ign¢¢d Gtneral TotAI 2024 RE Council iiE Quality Mark 15,687 15,687 2i,400 2).400 23.400 15,687 39,087 5 Investment income Unrestricted funds G¢ntral Toi81 Interest receivable and similar in¢ome- Interest receivable on bank deposits 7,123 7,123 Total for 2025 7.123 7,123 Total for 2024 6,406 6.406 6 Other ineom¢ UnreMrid¢d funds GenerAI Total (Vd$ Total for 2024 149 149 Pa8e 15
Religious Education CouD¢iI of England and Wales Notes lo the Financial Statements for the Yeydr Ended 31 August 2025 7 Expendire on chxritablt #diviti Unrestrided ftsttds Iksignated Gen¢rAI Restrieted funds Totgl 2025 Publicity ¢osts Proj¢¢t d¢liv¢ry Employment Costs Establishment Costs Office expense5 Priniin8. Stationery and p051ag¢ Travel and subsi5teThce Bank char8es 642 1,051 63,156 1.419 2,213 597 44.758 1.239 61.389 63,156 1,459 2,213 15.580 3.722 103 435 4,157 103 15.580 72.315 45,790 133,685 UreStriCted funds Ik5ign*ted Gentrxl Rtttri¢ted funds Total 2024 Publiciry Costs Projert delivery Employneni Cos Estsblishmeni costs Grants paid Office expenses Travel and subsistence Bank charges 132 20.960 532 394 56.386 lJ20 1.573 96,675 2.237 118,029 56,386 1,320 9,750 3,496 3.349 106 9,750 3.496 1.722 lu84 243 22,476 63.956 108,241 194,673 Attii'ity ndtrt2keD direftly Total expenditure REC 133.274 13J,274 Totil for 2024 194,673 194,673 In addition to the expendire aa]ed above. there are also governance costs of £4.260 I2024- £7,070) which relate directly to charitable a¢tiYi¢i¢s. See nole 8 for further d¢tails_ Page 16
Religious Education Council of England and Wales Notes ¢0 the Financial Statements for the Year Ended 31 August 2025 8 Analysi5 of gov¢rn*n¢¢ and 511PPOrt fosts Govtrnante costs UnTtstrirted funds General Total 2025 Independeni examiner fe¢s Examination of the fiThaneial statemellts 4,260 4.260 4,260 4.260 Unrestricttd fund5 CeDerAI Totgl 2024 Independ¢ni examin¢r fees Examination of the fiJwi¢ial statements L¢8al fees 4,260 2.810 4.260 2,810 7.070 7,070 9 Trustees remuneration and expenses 412024.. 61 trustees receivcd reimbur5¢d trav¢1 and getml expenses of £1.348 (2024-. £I.I lol... Deknrah Weston- £82312024.. £431 Sardh Lane Cawte- £40812024.. £1231 Edward Pawson - £Nil12024.. £353} Rosemary Rive(L- £50 (2024.. £48) Paul Stnalley- £6712024.. £4581 Dr Celine Benoit- £Nil {2024- £851 Page 17
Religious Education Council of England and Wales Notes to the Financial Statements for the Year Ended 31 August 2025 10 Staff costs The aggreg31e payroll costs were followts: 2025 2024 Stgff ¢o$t$ during the yeAr Y•ere: Wages and salaries Social seeurity costs Pension costs 59.9tio 53,901 2.845 2,485 63,156 56,386 The monthly average number of persons {in¢luding senior management I le8deTship te3ml employed by the Charity during ihe year expressed as 11 time equival¢nts was follo5. 2025 P*0 2024 Administration 12024- 2) of the above employce5 parti¢ipat¢d in the DefuKd Contrib]0 Pension Schemes. No employee received ¢moluments of nm¢ than £60.0(Ki during the year. I I Independenl tx#mitteT'S remuneratio 2025 2024 Examination of the financid stst¢ments 4,260 4.260 12 Tgxation The Charity is a registered charity and is therefore exempt from Iixation. 13 Debtors 2025 2024 Trade debtors 899 3,465 Pa8e 18
Religious Education Couneil of England and Wales Notes to the Financial Statements for the Year Ended 31 August 2025 14 Cash and cash e4yiv*lents 2025 2024 Cash at bank Short-lerTn deposits 20.140 241,580 19.480 225.522 261,720 245,002 IS Creditors: amounts f811ing due within oot yur 2025 2024 Trade crediiors Other t&xation and social security P¢nsion scheme creditor A¢¢nlS Deferred ineome 6,0¢)0 1,622 1.754 4.478 10.355 1.309 4,668 10.275 18,209 2025 22,362 2024 D¢f¢rred itlcorne at I Sepiember 2024 Resources deferred in the period Amounts relca5ed from previous periods 10.275 10.355 110.2751 11,875 10.275 Defe¢d income at year eod 10.355 lQ.275 16 Pension and other schemes Defined confribuiion pension 5chemt The Charity operates a defined coniribuiion pension s¢h¢me. The pension $t ¢harge for the year represents contributions payable by the Charity io th¢ scheme and amount¢d 10 £2.845 {2024- £2.4851. Pag¢ 19
Religious Educgtion Countil of Ellgland and W%les Notes to the Financial Statements for the Ye4r Ended 31 August 2025 17 Fund5 BalaD¢e at I September 2024 B*lgllce at 31 August 2025 ltttoming rtsowr¢es Resources expended TrADsfers UDrestritted General Unrestrieted ineome fund 184.950 71.568 (76,5751 10.000 189.943 Designaled RE Quality Mark 13,964 14.789 {15.5801 13,173 Tot¥1 L'nrestritted 198.914 86.357 192.1551 10,000 203,116 Restricted RE PR Committee REPU Worldvi¢Ms Proje¢L I {Templetonl Member En8agment Indic Traditions 2.768 14.423 (425} (43.7991 2.343 34,957 67.333 {3.000) 11.5661 1.434 (7,000) 2,560 2,560 Totgl restricted 27.191 69.893 145.7901 10,0001 41,294 Total funds 226,105 156250 1137.9451 244.410 Page 20
Religious Education Council of EnglaDd and Wales Notes to the Financial Statements for the Year Ended 31 August 2025 BalaMt¢ at 31 August 2024 September 2023 Resources exptnded Tr*nsftrs UnTe5trirttd fllttds Gerteral Unrestricted income fund 168.284 72.992 (71.0261 14,700 184,950 Dcsigntyied RE Quality Nlark 13,040 22,476 13,964 Total unr¢$tri¢t¢d funds 181.324 96.392 (93.5021 14,7(rf1 198.914 R¢5tritted RE PR Committee REPU Worldviews Project I ITetnpl¢tonl Worldviews Project 2 (Templetonl NlembeT Engagmeni 2,768 41.607 2.768 14.423 48.333 (71.0171 (4.500) 7.S(Kl (1.4001 (3.100) 3,000 25.351 17.573 {35.8241 (7.1001 7,000 Total Testri¢ted funds 77.?26 72,906 (108.2411 114.7001 27.191 Totll fuDds 258.550 1fj9.298 {201,743) 226.105 Pa8c21
Religious Educatiott Council of England and Wales Notes to the Financial Statements for the Year Ended 31 August 2025 The specific PUTP05¢S for whi¢h the fijnds are io b¢ applied are follow5: The specifLC purpose5 for which th¢ futbjs are to be appli art as follows: The RE PR Fund 15 Used to promote a positive public image for Religious Education and for th¢ RE Council. This is a restricted fut. The RE Qality Mat project dcsigned, piloted and establishd a natiothal scheme to rc¢ogTiise qiJalÉty RE teachinB Ln schools. It beeame a charitabl¢ trnding aettvity of the RE Council in November 2014: tyadin8 activjty is managed through a designaied fund. From time-io-time grants are received for specific purpose5 and Ihes¢ are managed through separate REQM restricttd fi]rtd(s). The RE Poliey Unit (fornerly PR Group Joint} is a collab)rative pmject between RE Council, NATRE and RE Today. It h&5 three objectives: to enhance public undeT5tandirtg of RE and its value to young people and wider so¢iety, to r2ise the status of RE wth Head Teachers. Senior Leaders and Sch(M)l Governors and to influence the development of public tM)licy to encourage and $ltpr[ high quality RE_ li is grdni funded and the grants ar¢ managed in a restricted fund. Worldview5 Proj¢¢t. The M'orldview5 Proj1 ¢onsists of n¥0 overlapping and ¢omplementary Streams of work. The first stream of work nlns through financial years 201912022 aThd the second rllns through 202112024. The project js building on the recommendations of the Commission on RE'5 (CORE) report of 2018 and i5 OrkIng on a new vision for RtligLOL15 Education in schoo15 d¢s1¢d to refleci pupils lived experience of reli8ious and non-religiou5 persp¢ctives_ It is grani funded and th¢ grants managed through a r¢stricted fund. The Templeion World Charity Foundion ITWCFI made a grani to the RE Council of in Marth 2021 for a 3-year project lending in early 20241. This grant is apFM)rtioned equally across the financial Jear5. The grant supports a project to be delivered in partnership with RE Today who have been contracted as the main provider of wriiing and project managemeni thTollghollt the ptoje¢i. Fu]ther partners have been contracied by the RE Council in 2022 to deliv¢r fiLrth¢r pmject elements in 2022-2024. These partner5 In5PilatLon Trust. Lincoln Diocesan Board of Education, CoveTh DBE. Covcntry SACRE, and IVaMckshirc SACRE. The trnstees have noted that th¢ TWCF gr4Dt includes a value held back by TII'CF uniil Ihe RE Coun¢il suecessfully delivers defined elements at the end of the project. The value of this is $22.865.10 and will be paid in US dollars, 50 w¥II be subject io exchang¢ rate changes. The projert is planned with a contingency in the budget to allow for these P055ible rdte variations. The Member EngaBement Fund 15 a l-)'¢ar grant from Sarum St. Michel Educational Trust. This is to ¢over l-yw of 3 memb¢r engagement worker's salary for I day a wtek during financial yeor 2024-2025 Indic Tradiiions is a project aimed at improving the representation of Dhamiic and Indic Traditions in s¢hool RE, as current evidence shows these underrepresenied. This ha5 been fvnded by the Spalding Trust. This is a r¢strict¢d fwid. Page 22
Religious Education Council of England and Wales Notes to the Financial Statements for the Year Ended 31 August 2025 18 Analysis of net assets bttw¢ttt funds Tot%1 fund$ 8t 31 August 2025 Lnrestritted fund5 Gener41 Designated Restricted funds Curreni asseis Current liabilities 197,797 17.8541 23.528 (10,355) 41294 262.619 118.2091 Toral nei assets 189,943 13.173 41.294 244,410 Totsl funds gt 31 Augusi 2024 Unrestricted funds General Designated Restricted funds Current a55ets Currenr liabilities 191.037 16,0871 24.239 110.2751 33.191 16,0001 248.467 22,3621 Total net assds 184.950 13,964 27.191 226.105 19 Related party tran5aCti0115 During the year the Charity made the following rclated party transactions.. Culham ST G%briel$ Trust {Dr Richard lan Kueh is a150 a trustee.) During the year the charity re¢¢iv¢d restrided grants of £67.333 {2024- 48.333) for c4mpaigning artd advocxy. Th¢ ¢hari¢y also received unre5tridcd of £50.000 (2024: £50.0001 iowards Core wsts incurred. At the balance sheer dote lh¢ wnount due tolfrom Culham ST Gabriels Trust was £Nil12024- £Nil). Page 23