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2025-08-31-accounts

Redeemer Worthing Ltd

Report and Accounts Year ended 31 August 2025

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

REDEEMER WORTHING LTD

CHARITY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2025

Directors/Trustees

Peter Giles

Christine Goodban (resigned 29 April 2026) Ulrike Skinner Karen Lyon (resigned 31 May 2025) Garry Bateman (resigned 31 March 2025) Samuel Haggar (appointed 19 June 2025) Dipti Exander (appointed 29 April 2026)

Key Staff

Rodney Haggar Joel Tostevin

Governing Document

Memorandum and Articles of Association

Charity Registration Number 1096530 Company Registration Number 04664258 Registered Office 44 Guildbourne Centre Worthing BN11 1LZ

Independent Examiner

Nick Spear ACCA Stewardship 1 Lamb's Passage London EC1Y 8AB

Bankers

Cafbank Ltd West Malling

Contents Page
Charity Information 1
Trustees' Annual Report 2-9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12
Cashflow Statement 13
Notes to the Accounts 14-24
Detailed Statement of Financial Activities with Comparatives 25

Page 1

DIRECTORS REPORT 2024-2025

OUR PURPOSES, AIMS AND PUBLIC BENEFIT

The main areas of charitable activity of the Church are the advancement of the Christian faith and the provision of relief, education and assistance for persons in conditions of need, hardship or distress. In order to achieve this, the objects of the company are as follows:

When planning our activities for the year, the Trustees and Members (church directional team) of the charity have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. The review of activities below reflects how we have implemented this through a range of activities, which we consider to be in line with both this guidance and our objectives.

REVIEW OF THE YEAR’S ACTIVITIES (September 2024 - August 2025)

Summary

Over the last year our Sunday morning gatherings have grown through people joining us who have moved to the area, and through people becoming part of a church for the first time. We have offered fun opportunities for Christian education and spiritual growth, open to all. We have seen people's lives changed as they have encountered God. We have continued to see people connecting into family life through our groups: getting alongside one another in good times and bad, praying, reading the Bible, and sharing meals together. We have seen families and individuals loved and fed through Worthing Foodbank.

In a response to where we believe God is leading us and as a result of sustained growth, a desire to seek to be accessible and spread the Gospel to wider demographic, plans were made to commence a Sunday afternoon meeting, initially on a monthly basis from October 2025.

We have loved coming into the presence of God, experiencing the Holy Spirit's transforming power as we have gathered for our Prayer and Worship nights. Young and old have been served and shown the love of Jesus through Redeemer Tots and visits to care homes. We have been able to be generous with money we have been given to bless charities, people and churches in Worthing and the nations. In order to support the growing work of the church we were delighted to appoint both a part-time Children’s Work Coordinator and an Assistant Project Manager for Foodbank during the year.

Page 2

CHURCH ACTIVITIES

The Church is continually looking for strategies to bring help not just to its members but also to the local town, the UK and internationally. This report reflects aspects of each of these three components. In each area of activity, the Trustees recognise, and are sincerely grateful for, the volunteers who contribute so much to all that happens in the life of the church.

Church Venue

The Church has been able to grow in-person meetings at their long-term venue of The Guildbourne Centre in central Worthing. Alongside an auditorium where the church community gathers for worship on Sunday mornings, the venue has a number of smaller rooms used for children’s activities and a tea and coffee area. The venue also houses the church offices and is used for Worthing Foodbank, Redeemer Tots pre-school group for the local community (welcoming around 50 under 5’s and their carers each week) and English language classes for beginners, all run by the Church. The venue is also used to host some church evening activities such as children/youth meetings, movie nights and prayer and worship times. For the majority of the time, however, the building is not used directly for church activities, but continues to add benefit to the local community by being sublet to others through the Church’s company ‘The Rooms (Worthing) Ltd’ (Company number 11750254). This provides:

‘Rooms’ has been an important addition to the facilities available in central Worthing, and appreciated by the local community, businesses and organisations alike. We have found the dual uses of the building to be complimentary: enabling people using Rooms to become more familiar with Redeemer Church and providing church members with the opportunity to use the co-working space at preferential rates or to hire function and meeting rooms.

Rooms relieves Redeemer of operational costs during lets, however, achieving a profit remains very challenging due to the limited letting demand, although despite the lack of profit an overhead reduction has still been achieved. If Rooms was not operating in this manner, Redeemer would have to fund 100% of all of the property costs, thereby limiting Redeemer’s ability to achieve its charitable purposes.

Giving

Over the year, church members have given £403,777(2024: £424,785) including recovery of tax through Gift Aid. This has been used both for the active ministries of the church and for gifts of £54,145 (2024: £49,241) to other charitable causes both in the UK and internationally. We are grateful for the generous and enthusiastic support of all our church members for the work of the charity.

Church Family

All are welcome to attend our regular Sunday services. We saw an average of 184 adults attending per week (a 12.9% increase from last year). We have been pleased to welcome new members and many visitors throughout the year. Some people have connected with us online, others through our co-working space, Rooms, and others through church facilitated services like Worthing Foodbank or Redeemer Tots playgroup. We have been delighted to welcome many new international members, helping to make our church community a rich and diverse family, welcoming to all.

Page 3

Over the year, an average of 57 children have taken part in our children’s programme on Sunday mornings, and 18 young people in our youth groups. During the year, 7 people were baptised. Events were celebrated and a membership course was offered for 27 new members.

In addition to Sunday gatherings, approximately 142 church members meet midweek in small fellowship or teaching groups.

Leadership

The Church Eldership team has increased in the period with Mark Jones and Matthew Sellens joining in February 2025 . The Eldership at 31[st] August 2025 comprised:

Peter Saner had stated his intention to stand down as an Elder in Autumn 2025.

The Church Eldership has continued to be supported in implementing the vision of the Church by the Operations Manager, Arron Moore.

Children

We highly value the children in Redeemer and all that happens on a Sunday morning. Fun activities based on biblical teaching for the younger children and regular teaching for our older children and teens take place with an average weekly attendance of 57 age 0-15 children. This includes:

New Day

In 2025, we had the joy of taking 18 people to Newday, a Christian youth festival in Norfolk designed specifically for 12-18 year olds. Beyond the spiritual impact, it was also a beautiful time of strengthening friendships and building a deeper sense of community within the Redeemer youth group. As leaders, we came away deeply grateful for our amazing young people and more excited than ever to take them to Newday 2026.

College and Students

Foundry – for 15-18’s

Foundry youth group gives young people the opportunity to experience God, to build solid friendships in the process, and to discover God’s purpose for their lives. It also provides spiritual preparation for those who are going on to university. The group meets fortnightly mid-week for social activities, worship, prayer and discussion.

Young Adults

In May 2025 a young adult group started, getting people aged over 18 to early 30s for worship and social evenings. The group meets regularly on a Saturday evening, it aims are to grow and experience God and to make strong lasting relationships.

Page 4

Alpha Course

At the start of 2025, we had our biggest Alpha attendance for years, with 18 people signing up. Several people later made decisions to follow Jesus; we had the privilege of baptising some, and others have begun / continued Sunday attendance and engaging in small groups. Two of our experienced members head up the Alpha group and have continued in running this area of church activity.

Overseas Mission

We have had continued involvement with the family of Regions Beyond churches around the world that we are part of. This has included ministry visits to Dubai, Mexico and South Africa to serve the churches there.. We were also able to support the Tostevin family in a dual-purpose trip providing sabbatical time and a connection opportunity with some of our Regions Beyond family in the far east.

Evangelism

Sharing the good news of the gospel is core to our life as a church. Through weekly worship services, the Alpha Course, guest services and various other events, opportunity was made for many to hear the gospel. Some became Christians and others embraced the faith they had grown up with; 7 people were baptised.

English Classes

We have welcomed students over the last year from many different countries including Iran, Turkey, Brazil, Afghanistan, Bulgaria, Nepal, China, Ukraine and Bangladesh. While students are only with us for a short time (before moving on or gaining employment), others attend regularly and one student has been coming since the very first session in March 2022.

To further facilitate the students English learning, we now break down into two groups in the second-half of the lesson, enabling us to better meet the needs of some complete beginners who have started attending the class.

Women’s Conference

In June 2025 we held a very successful women’s conference, Faithful and Fearless which was attended by over 90 ladies. We heard from a guest speaker, and engaged in a great time of worship and prayer and learned about various different biblical women in the afternoon seminars.

Residential Home visits

It has been another good year serving in three residential homes across Worthing: Berkeley Lodge, Fernbank and Tarring Manor. Each month, the team gather 15-20 residents at each of the residential homes. There are often relatives in attendance, as well as carers. We worship, pray, and read scripture, keeping it the same each time, to assist those with dementia.

We are able to share of the love of Jesus through the short scripture readings that we associate with hymns. Many of the residents sing along as they remember the words and enjoy joining us in the worship of Jesus.

Redeemer Tots

On Monday mornings during term time, we have run Redeemer Tots, a space for parents, carers, babies and toddlers to catch up and have fun! This has been a great opportunity to serve our town, welcoming up to 50 under 5s into our space each week, building relationships with parents, grandparents and carers, showing something of the love of Jesus and pointing them to other events that we have going on.

Page 5

Worthing Foodbank

The church is proud to run Worthing Foodbank under the auspices of the Trussell Trust. During the past year we have a helped 2790 adults and 791 children who were in crisis and not able to buy food for themselves. Sadly, this is an increase on the previous year.

Having received a grant from Trussell in the last financial year, we have been able to employ a part time Citizens Advice Financial Inclusion Officer who advises on maximising income potential for people on benefits and giving general debt advice.

One of the success stories coming from this was a gentleman who came to use our food bank, who was living with his mother who sadly passed away. He was going to lose the family home and his job because of the loss of his home. Our advisor was able to help keep the tenancy of the home and secure him additional funding and we are pleased to report that he is still employed. Our advisor has helped many other people with different situations who now no longer need to use the food bank.

During the 2024-25 period we have expanded the Foodbank staff team to employ a part-time Assistant Project Manager. This has allowed our Project Manager to give more time other areas, including securing support from local businesses and increasing our social media presence.

PLANS FOR THE COMING YEAR

The key objectives to be addressed during the coming year (2025-2026) are:

Page 6

FINANCIAL SUMMARY

Incoming Resources

Total incoming resources for the year reduced from £573,359 in 2024 to £555,828 in 2025.

Resources Expenditure

Total resources expended for the year increased from £491,227 in 2024 to £590,002 in 2025.

Funds and Balance Sheet

The movement in total funds for the year is a net reduction of £34,174 At the year-end total funds were £1,027,085 of which £868,805 are General funds being unrestricted and undesignated. This balance is in line with the Church’s reserves policy.

GOVERNANCE AND DIRECTORS

The following changes to the Directors/Trustees took place during the year ending 31 August 2025. They are as follows:

Resignations:

Appointments:

In addition, the following trustees remained in office:

The Directors are regarded as the Trustees of the charity for the purpose of the Charities Act 2011. The board of directors, which meets five times a year, are responsible in law for implementing the strategic decisions and direction given by the Eldership/Directional Team of the Church. Directors are appointed by the Members at the Annual General Meeting. The Directors may also appoint a director to serve until the next Annual General Meeting, at which time they would cease to hold office but would be eligible for election.

In short, the role of the Directors is to ensure that:

The Directors delegate the running of the charity to the Eldership/Directional Team of the Church as listed previously. The Eldership/Directional Team oversees the achievement of the objectives of the charity, manage day-to-day operational decisions and co-ordinate and direct the church’s work. Progress is monitored

Page 7

regularly by the Directors. The Directors are members of the church and bring experience and expertise in business, accounting, buildings, public sector, charity sector and law. Training is provided to board members as required.

Financial and Legal

The Directors (who are also Trustees of the Church) are responsible for preparing the Directors Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the Directors (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 the year. In preparing these financial statements, the Directors are required to:

The Directors are responsible for keeping accounting records which disclose with reasonable accuracy, the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Internal control and risk management

The Directors have overall responsibility for the Church’s system of internal control. Such a system can provide only reasonable and not absolute assurance against errors or frauds. There is a clear delegation of the Directors’ authority through the Eldership/Directional Team to the rest of the charity.

The Church operates a planning and budgeting system with an annual budget approved by the board of directors. Significant changes are subject to specific approval. A financial reporting system compares results with the budget on a monthly basis.

The Directors monitor that the Church functions in compliance with all legislation designed to safeguard people and has policies covering areas such as GDPR, Health and Safety (including fire safety), safeguarding of children and vulnerable adults (including DBS checks) and a Staff handbook. Adequate insurance policies are also in place.

The Directors are satisfied that systems are in place to monitor, manage and mitigate the Church’s exposure to major risks. They also recognize that the nature of some of the Church’s work requires active acceptance and management of some risks when undertaking activities to achieve the objectives of the charity.

Page 8

Reserves Policy

The charity has considered it good practice to hold 3 months of operational expenses in the bank, however, this is under review due to a review of current commitments and contracts with the intention to increase this to 6 months by the end of the next financial year. Reserves requirements are being assessed, based on actual contractual commitments and anticipated cost run rates. This position is reviewed annually in light of Charity Commission guidance.

Designated funds arise from the setting aside of some general giving against the identified need to maintain a fund with which to be able to assist members of the church who have a particular need.

Restricted funds arise where gifts are received for specific purposes. Expenditure is distributed in line with these requirements.

Investment and Treasury Policy

In keeping with good financial management, funds are maintained to meet foreseeable recurring expenditure. It is not the charity’s general policy to commit to investments. No new investments have been made during the year to 31st August 2024.

Employees

The work of Redeemer Worthing relies on the commitment and hard work of its valued staff. Communication links are maintained informally through sharing an office space as well as weekly team meetings. The full and part-time staff employed during the financial year 2024-2025 were:

Joel Tostevin – Full time Lead Elder Rodney Haggar – Part time Elder Arron Moore – Full time Operations Manager Kirsty Lyon – Part time Media and Communications Coordinator (resigned March 2025) Anna Ward – Part time Finance Manager Maddie Mokoena – Part time Youth Coordinator Maddie McDonough – Part time Children’s worker and Safeguarding lead

In addition, the Church benefits from the voluntary services of a number of members and a wider group of volunteers.

Independent Examiner

Stewardship Services was appointed independent examiner for the period of 1 year at the Annual General Meeting on the 31st March, 2025 and a resolution to appoint, or re-appoint, an independent examiner for the following year will be proposed at the next Annual General Meeting (this was undertaken on 29[th ] April 2026). This was approved by the Directors and signed on their behalf by Ernest Peter Giles, the current Chair of Directors / Trustees.

Ernest Peter Giles

Ernest Peter Giles (May 28, 2026 16:28:20 GMT+1)

Ernest Peter Giles Director, Trustee and Chair of Redeemer Worthing Limited Report dated May 28, 2026

Page 9

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

REDEEMER WORTHING LTD ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025 on pages 11 to 24 following, which have been prepared on the basis of the accounting policies set out on pages 14 to 15.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Nick Spear Nick Spear (May 28, 2026 16:37:53 GMT+1)

Nick Spear ACCA Association of Chartered Certified Accountants

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: May 28, 2026

Page 10

REDEEMER WORTHING LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Investments
4
Other income
5
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14		 Unrestricted
Funds
£
362,320
5,056
25,376
392,752
438,100
438,100
-
(45,348)
(3,150)
(48,498)
917,303
868,805		 Restricted
Funds
£
163,075
-
-
163,075
151,901
151,901
-
11,174
3,150
14,324
143,956
158,280		 Total
Funds
2025
£
525,395
5,056
25,376
555,828
590,002
590,002
-

(34,174)
-
(34,174)
1,061,259
1,027,085		 Total
Funds
2024
£
474,727
3,994
94,639
573,359
491,227
491,227
-
82,132
-
82,132
979,127
1,061,259

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on page 13-23 form part of these accounts.

Page 11

REDEEMER WORTHING LTD

BALANCE SHEET

AS AT 31 AUGUST 2025

Note
FIXED ASSETS
Tangible assets
8
Investments
9
CURRENT ASSETS
Stock
10
Debtors
11
Cash at bank and in hand
12
CREDITORS: Amounts falling
due within one year
13
Net current assets / (liabilities)
Total assets less current liabilities
CREDITORS: Amounts falling due
14
after more than one year
TOTAL NET ASSETS
FUND BALANCES
14
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
660,102
1
660,103
-
87,663
142,182
229,845
(21,143)
208,702
868,805
-
868,805
854,413
14,392
868,805
-
868,805		 Restricted
Funds
£
-
-
-
2,350
-
155,930
158,280
-
158,280
158,280
-
158,280
-
-
-
158,280
158,280		 Total
Funds
2025
£
660,102
1
660,103
2,350
87,663
298,112
388,125
(21,143)
366,982
1,027,085
-
1,027,085
854,413
14,392
868,805
158,280
1,027,085		 Total
Funds
2024
£
707,869
1
707,870
4,034
100,243
269,506
373,783
(20,394)
353,389
1,061,259
-
1,061,259
903,645
13,658
917,302
143,957
1,061,259

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:

(a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its net income or expenditure for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

----- Start of picture text -----
Ernest Peter Giles
Ernest Peter Giles (May 28, 2026 16:28:20 GMT+1) May 28, 2026
______ Date __
Name:
Charity number: 1096530 Company Number 04664258
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The notes on page 13-23 form part of these accounts.

Page 12

REDEEMER WORTHING LTD

FOR THE YEAR ENDED 31 AUGUST 2025

CASH FLOW STATEMENT

Note
2025
£
Cash flows from operating activities:
Net cash provided by (used in) operating activities
a
25,870
Cash flows from investing activities:
Dividends, interest and rents from investments
5,056
Purchase of property, plant and equipment
(2,321)
Net cash provided by/(used in) investing activities
2,736
28,605
b
269,506
Note a: Reconciliation of net income/(expenditure) to net cash flow from operating activities
2025
£
(34,174)
Adjustments for:
Depreciation charges and provisions for impairment
50,088
(Gains)/losses on investments
-
Dividends, interest and rents from investments
(5,056)
(Increase)/decrease in stocks
1,684
(Increase)/decrease in debtors
12,580
Increase/(decrease) in creditors
749
Net cash provided by (used in) operating activities
25,870
Note b: Analysis of cash and cash equivalents
2025
£
Cash at bank with immediate access
298,112
Petty cash
-
Total cash and cash equivalents
298,112
Net income/(expenditure) for the reporting period (as per the statement of
financial activities)
Cash and equivalents at the beginning of the year
Change in cash and equivalents in the reporting period		 2024
£
40,016
3,994
-
3,994
44,010
225,497
2024
£
82,132
53,970
-
(3,994)
(1,891)
(46,987)
(43,214)
40,016
2024
£
269,018
489
269,506

Page 13

REDEEMER WORTHING LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention as modified by the revaluation of certain assets, which are measured at fair value through the Statement of Financial Activities.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

The charity has taken the view that it has only one charitable activity, namely the advancement of the Christian faith, and all income from donations, legacies and charitable activities is in respect of this one activity.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The Charities SORP requires charities with income over £500,000 to allocate costs to the various activities undertaken by the charity. The nature of the work of the church is considered to be so integrated that the core charitable activity costs are considered to be for the one activity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

Page 14

REDEEMER WORTHING LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.

e) Tangible fixed assets Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £2,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Equipment Over 3 to 10 years Furniture 20 years Fit-Out costs 20 years The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Investments

Fixed asset investments are held to generate income and for their investment potential. Investments are valued as follows:

i) Listed investments are valued at their market value (fair value) at the balance sheet date. ii) Unlisted investments are measured at cost less impairment where it becomes apparent that the amount that could be realised is less than cost.

Impairment losses and losses arising on the disposal of social investments are included in the Statement of Financial Activities under the heading 'Expenditure on charitable activities'. Gains arising on the disposal of social investments are included in the Statement of Financial Activities under the heading 'Other income'. All other gains and losses on investment assets are included in the Statement of Financial Activities under the heading 'Net gains / (losses) on investments'.

g) Stocks Stocks of donated items held for distribution to beneficiaries are measured at fair value; stocks of goods donated for the charity's own use are valued at an estimate of their value to the charity.

h) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

i) Taxation The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

j) Critical accounting estimates and areas of judgement The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

Page 15

REDEEMER WORTHING LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

3 Donations and legacies

Donations and legacies
General Donations
Donations in kind
Grants receivable
Income tax recoverable
Donations in kind comprise the following:
Goods donated for:
Foodbank
Investment income
Bank interest
Other income
Newday, Fusion & Church camps
Management contribution from Rooms Worthing Ltd
VAT recovery
Other church events
Other income		 2025
£
337,582
67,539
54,080
66,195
525,395
2025
£
67,539
67,539
2025
£
5,056
5,056
2025
£
3,844
16,606
-
-
4,926
25,376		 2024
£
357,502
47,670
2,271
67,283
474,727
2024
£
47,670
47,670
2024
£
3,994
3,994
2024
£
31,704
61,135
-
-
1,800
94,639

5 Other income

Page 16

REDEEMER WORTHING LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

6 Charitable expenditure

Core activities
£
a
Costs incurred directly on specific activities
Church activities
56,057
Staff costs
184,426
Donations in kind expensed (note 6e)
-
Grants payable (note 6f)
54,149
294,632
b
Costs incurred on support & administration
Governance costs
4,380
Administration support costs
69,899
Depreciation of tangible fixed assets
46,089
Stock wastage
-
Other
90
120,458
Total expenditure
415,090
In the previous year, charitable expenditure was as follows:
Core activities
£
c
Costs incurred directly on specific activities
Church activities
51,573
Staff costs
152,707
Donations in kind expensed (note 6e)
-
Grants payable (note 6f)
37,891
242,171
d
Costs incurred on support & administration
Governance costs
4,200
Administration support costs
68,442
Depreciation of tangible fixed assets
49,971
Stock wastage
-
Other
120
122,733
Total expenditure
364,903		 Foodbank
£
47,366
38,369
69,223
-
154,958
-
15,956
3,998
-
-
19,954
174,912
Foodbank
£
20,898
31,416
45,779
11,350
109,442
-
12,883
3,998
-
-
16,881
126,324		 2025
£
103,423
222,795
69,223
54,149
449,590
4,380
85,855
50,088
-

90
140,412
590,002
2024
£
72,470
184,122
45,779
49,241
351,613
4,200
81,325
53,970
-
120
139,614
491,227

The fee payable to the independent examiner for preparing and examining the accounts was £4,380 (2024: £4,200).

Page 17

REDEEMER WORTHING LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

e Donations in kind expensed in year

Donated goods distributed in year
f
Grants payable
Grants for UK and overseas mission
Grants for the relief of poverty
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty
The charity's principal grants to institutions comprised:
Regions Beyond
Centre for Bio-Ethical Reform UK
Redeemer Chester-Le-Street
Newday Generation UK
Christ Church Birmingham
Mobilise Global
Yada UK
Grants to institutions for less than £1,000 each		 Individuals
£
22,028
1,870
23,898
Individuals
£
4,403
1,000
4,403		 2025
£
69,223
69,223
Institutions
£
29,052
1,200
30,252
Institutions
£
32,397
11,441
43,838
2025
£
26,052
1,800
-
-
-
1,200
1,200
-
30,252		 2024
£
45,779
45,779
2025
£
51,079
3,070
54,149
2024
£
36,800
12,441
49,241
2024
£
23,506
1,945
2,000
1,000
10,000
1,200
2,745
1,441
43,838

7 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses

Gross wages, salaries & benefits in kind
Employer's National Insurance costs
Pension costs
Total staff costs		 2025
£
195,625
6,315
15,960
217,900		 2024
£
156,820
13,174
12,580
182,574

The average monthly number of employees during the year was 9 (2024: 7). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

During the year key management received employment benefits totalling £81,039 (2024: £67,693).

No trustees received employment benefits in either the current or preceding year.

No expenses (2024: £nil) were paid to, or for, the trustees.

Page 18

REDEEMER WORTHING LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

8 Tangible fixed assets

Cost
At 1 September 2024
Additions
Disposals
At 31 August 2025
Accumulated depreciation
At 1 September 2024
Charge for the year
Eliminated on disposal
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024		 Fixtures
fittings and
equipment
£
49,769
-
-
49,769
21,326
4,512
-
25,838
23,931
28,443		 Computer
Equipment
£
2,289
-
-
2,289
1,645
322
-
1,967
322
644		 Furniture
£
38,320
2,321
-
40,641
7,664
2,032
-
9,696
30,945
30,656		 Fit Out
Costs
£
806,539
-
-
806,539
161,308
40,327
-
201,635
604,904
645,231		 Vehicles
£
20,679
-
-
20,679
17,784
2,895
-
20,679
-
2,895		 Total
2025
£
917,596
2,321
-
919,917
209,727
50,088
-
259,815
660,102
707,869

On 13 September 2020 the Church signed a 20 year lease on 1st Floor, Guildbourne Centre, Worthing. Fit out and other costs have been capitalised and will be depreciated over the length of the 20 year lease.

9 Fixed asset investments

Cost or fair value brought forward
Cost or fair value carried forward		 Unquoted
shares
1
1		 2025
£
1
1		 2024
£
1
1

UK unquoted shares – In September 2020, a subletting company ‘The Rooms (Worthing) Ltd’ (Company number 11750254) was established to allow the Church to sublet space to others when not in use by the church.

10 Stock

Donated goods
For distribution to beneficiaries
Debtors
Falling due within one year:
Tax recoverable
Prepayments
Other debtors
Due from group undertakings
Falling due after one year
Loans to group undertakings
Total debtors		 2025
£
2,350
2,350
2025
£
4,993
-
1
70,572
75,566
12,097
12,097
87,663		 2024
£
4,034
4,034
2024
£
5,513
3,806
4,597
74,231
88,146
12,097
12,097
100,243

11 Debtors

The church has granted a loan of £12,097 to The Rooms Worthing Ltd, a 100% owned subsidiary. The loan is interest free, unsecured and will be repaid as funds become available.

Page 19

REDEEMER WORTHING LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

12 Cash at Bank and in Hand

h at Bank and in Hand
Cash at bank with immediate access
Petty cash
itors: liabilities falling due within one year
Taxation and social security
VAT
Accruals
Other		 2025
£
298,112
-
298,112
2025
£
2,848
109
9,268
8,918
21,143		 2024
£
269,018
489
269,506
2024
£
2,925
-

17,469
-
20,394

13 Creditors: liabilities falling due within one year

14 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Gather fund (was Fusion and church
New Church plant fund
Internship Fund
Rent - GBC rent etc
Newday
Bereavement support
Wider Church Ministry
Kids Ticketed Events
Legacy funds for Mexico church
South Korea (funds for Mordecai)
Taiwan (funds for Kim and Smile)
TOTS Mother and Toddler group
Women's conference
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Special offerings
Foodbank
City Gate Fund
Kids Worker
Second service offering
Foodbank Financial Inclusion Officer
Taiwan Offering
Aggregate of funds		 Opening
balance
2025
£
c
-
5,402
-
5,000
1,863
1,393
-
-
-
-
-
-
-
13,658
903,645
917,303
6,301
115,653
871
21,132
-
-
-
143,957
1,061,260		 Incoming
resources
2025
£
308
-
-
-
-
-
-
164
-
-
-
1,606
892
2,971
389,782
392,753
21,716
73,144
-
8
26,794
41,400
13
163,075
555,828		 Outgoing
resources
2025
£
(9,360)
-
(104)
-
(4,434)
(120)
(10,000)
(54)
-
2,400
-
(1,906)
(892)
(24,471)
(413,629)
(438,100)
(15,052)
(83,035)
-
(18,770)
(2,600)
(18,817)
(13,628)
(151,901)
(590,002)		 Transfers
in the year
2025
£
9,859
-
104
(5,000)
2,572
-
10,000
-
2,000
-

2,400
300
-
22,234
(25,384)
(3,150)
(12,965)
-
2,500
-
-

-
13,615
3,150
-		 Gains and
losses
2025
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2025
£
807
5,402
-
0
-
1,273
-
110
2,000
2,400
2,400
-
-
14,392
854,413
868,805
-
105,763
3,371
2,370
24,194
22,583
-
158,280
1,027,085

The transfer from Special Offering to Taiwan Offering was made from funds donated for that purpose.

Page 20

REDEEMER WORTHING LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Analysis of net assets by fund
The assets and liabilities of the various funds were as follows:
General
Designated
funds
funds
£
£
Tangible fixed assets
660,102
-
Investments
1
-
Stock
-
-
Debtors
87,663
-
Cash at bank and in hand
127,790
14,392
Creditors falling due within one year
(21,143)
-
Creditors falling due after more than one year
-
-
854,413
14,392
In the previous year the movements in the charity's funds were as follows:
Opening
Incoming
Outgoing
Transfers
balance
resources
resources
in the year
2024
2024
2024
2024
£
£
£
£
Designated Funds
Guildbourne Centre
-
1,925
-
(1,925)
Gather fund (was Fusion and church c
-
31,251
(20,545)
(10,706)
New Church plant fund
5,402
-
-
-
Internship Fund
-
100
(1,285)
1,185
Rent - GBC rent etc
10,000
-
-
(5,000)
Newday
-
-
(575)
2,437
Reserve for loan repayment
17,796
-
-
(17,796)
Bereavement support
1,473
-
(80)
-
Wider Church Ministry
4,307
-
(10,000)
5,693
38,978
33,276
(32,485)
(26,111)
General Unrestricted Funds
820,916
416,228
(354,374)
20,874
Total Unrestricted Funds
859,894
449,505
(386,859)
(5,237)
Restricted Funds
Special offerings
-
29,756
(23,455)
-
Foodbank
119,233
72,966
(76,546)
-
City Gate Fund
-
-
(4,367)
5,237
Kids Worker
-
21,132
-
-
119,233
123,855
(104,368)
5,237
Aggregate of funds
979,127
573,359
(491,227)
-
Unrestricted Funds		 Restricted
funds
£
-
-
2,350
-
155,930
-
-
158,280
Gains and
losses
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2025
£
660,102
1
2,350
87,663
298,112
(21,143)
-
1,027,085
Closing
balance
2024
£
-
-
5,402
-
5,000
1,863
-
1,393
-
13,658
903,645
917,303
6,301
115,653
871
21,132
143,957
1,061,259

Page 21

REDEEMER WORTHING LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Investments
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
707,869
-
1
-
-
-
100,243
-
115,926
13,658
(20,394)
-
903,645
13,658
Unrestricted Funds		 Restricted
funds
£
-
-
4,034
-
139,923
-
143,957		 2024
£
707,869
1
4,033
100,243
269,506
(20,394)
General
funds
£
707,869
1
-
100,243
115,926
(20,394)
903,645
1,061,259

Gather fund is for donations to support church planting.

Church Plant Fund

Internship Fund is for donations to support the work of interns within the church. Rent fund GBC is an amount set aside from donations to pay for rent, service charges & insurance for the Guildbourne Centre in its early years.

Newday fund is used for sending the children to a church camp week away.

Bereavement fund is used to support those experiencing loss

Wider Church Ministries fund is used to pay for eldership support for other churches. Kids Ticketed Events funds are used for income and expenditure relating to specifc children's events Legacy funds for Mexico church : funds allocated for travel costs for leaders of the Mexico church South Korea (funds for Mordecai): funds for a church plant in South Korea

Taiwan (funds for Kim and Smile) : support for mission in Taiwan

TOTS Mother and Toddler group : funds relating to the church's mother and toddler group

Women's conference

Special offerings fund is used for raising money (via donations) for specific charities City Gate Fund is to fund the church's work in Asia

Foodbank Fund is to support the church's foodbank serving the local area Second service offering

Foodbank Financial Inclusion Officer: grant funds used to support financial advice to foodbank users Taiwan Offering: special offering for mission work in Taiwan Kids Worke r fund represents donations received to fund a new member of staff to oversee kids work at the church

Page 22

REDEEMER WORTHING LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

15 Operating lease commitments

The charity has an operating lease for its church building in the Guildbourne centre, Worthing. The minimum amount payable (until the next break clause and ignoring the potential effect of future rent reviews) in respect of this lease is as follows:

Within one year
Between one and five years
After five years
Payments falling due:		 2025
£
56,111
-
-
56,111		 2024
£
45,588
-
-
45,588

During the year the charity was charged £56,111 (2024: £45,588) for its operating lease.

16 Transactions with related parties

During the year the charity also made the following payments to, or for, related parties:

Except as disclosed in note 7 'Analysis of staff costs', there have been no other transactions with related parties during the year.

17 Subsidiaries

Details of the church's subsidiary at 31 August 2025 are as follows:

Name of Undertaking

The Rooms (Worthing) Ltd

as follows:
Class of
Registered shares % Held
Office Nature of business held direct
44 Guildbourne Property letting and Ordinary 100%
Centre, Worthing management

Page 23

REDEEMER WORTHING LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 AUGUST 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Investments
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Total Expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14		 General
Designated
2025
2025
£
£
359,349
2,971
5,056
-
25,376
-
389,782
2,971
413,629
24,471
413,629
24,471
-
-
(23,847)
(21,500)
(25,384)
22,234
(49,232)
734
903,645
13,658
854,413
14,392
Unrestricted funds		 Restricted
2025
£
163,075
-
-
163,075
151,901
151,901
-
11,174
3,150
14,323
143,957
158,280		 Total
2025
£
525,395
5,056
25,376
555,828
590,002
590,002
-
(34,174)
-
(34,174)
1,061,259
1,027,085		 General
Designated
2024
2024
£
£
352,920
1,925
2,376
-
60,932
31,351
416,228
33,276
354,374
32,485
354,374
32,485
-
-
61,855
791
20,874
(26,111)
82,729
(25,320)
820,916
38,978
903,645
13,658
Unrestricted funds		 Restricted
2024
£
119,881
1,618
2,356
123,855
104,368
104,368
-
19,487
5,237
24,724
119,233
143,957		 Total
2024
£
474,727
3,994
94,639
573,359
491,227
491,227
-
82,132
-
82,132
979,127
1,061,259

Page 24

Redeemer Worthing Accounts 2025 FINAL TO SIGN

Final Audit Report

2026-05-28

Created: 2026-05-28 By: Accounts Examination Team (lizzie.williams@stewardship.org.uk) Status: Signed Transaction ID: CBJCHBCAABAAA6IYxtigPLYaZ03N10xr5XnKUbyLrP4s

"Redeemer Worthing Accounts 2025 FINAL TO SIGN" History

Document created by Accounts Examination Team (lizzie.williams@stewardship.org.uk) 2026-05-28 - 15:23:16 GMT

Document emailed to petergiles@redeemer.co.uk for signature

2026-05-28 - 15:25:41 GMT

Email viewed by petergiles@redeemer.co.uk

2026-05-28 - 15:26:31 GMT

Signer petergiles@redeemer.co.uk entered name at signing as Ernest Peter Giles 2026-05-28 - 15:28:18 GMT

Document e-signed by Ernest Peter Giles (petergiles@redeemer.co.uk)

Signature Date: 2026-05-28 - 15:28:20 GMT - Time Source: server - Signature appearance selected: TYPE

Email viewed by Nick Spear (nick.spear@stewardship.org.uk) 2026-05-28 - 15:35:09 GMT

Document e-signed by Nick Spear (nick.spear@stewardship.org.uk)

Signature Date: 2026-05-28 - 15:37:53 GMT - Time Source: server - Signature appearance selected: TYPE

Agreement completed.

2026-05-28 - 15:37:53 GMT