2023-08-31-accounts - The Redeemer Trust

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Trustees’ Annual Report

For the Period from: 1[st] September 2022 to: 31[st] August 2023

SECTION A: TRUST ADMINISTRATION DETAILS

Charity Name : The Redeemer Trust

Registered charity number: 1163805

Charity’s principal address: 21 Broomfield, Leeds, LS16 6AE

Names of Charity Trustees who manage the charity:

Trustee name	Ofce
Steve Fairhall	Chair & Treasurer
Julia Johnson	Trustee
Alexander Passmore	Nominated Trustee
Tom Thrower	Nominated Trustee

Section B: Trust Structure, Governance and Membership

The Redeemer Trust became a Charitable Incorporated Organisation (CIO) on 1[st] October 2015 and works under Charity number 1163805.

The Trust met quarterly during the financial year 2022/23 (FY2023). The Trustees also reported on the activity of the Trust, both fundraising and grant making to their supporters twice during the year.

Ruth Wallbank stood down as a Trustee and was replaced by Julia Johnson.

Section C: Objectives

The Redeemer Trust set out the following Objects in its governing document: The Redeemer Trust CIO Constitution, these remain unchanged.

1) Encourage and facilitate the founding and operation of Christian churches primarily, although not exclusively, in Yorkshire and the rest of the United Kingdom.
2) Encourage the seeking of new followers and adherents of the Christian religion
3) Facilitate the training and development of individuals in their understanding of the Christian Religion.

Section D: Summary of activity

In FY2023 the Trust has continued to facilitate the operation of Redeemer Leeds church as well as encouraging the development of new church plants.

Redeemer Leeds church

During this year public meetings took place in different formats.

The Sunday gatherings took place in person at St Chad’s parish centre, Headingley. The running of these public gatherings was enabled by volunteers who are regular attendees at Redeemer Leeds church.

All regular attendees at the Sunday gatherings were encouraged to join smaller city group communities which meet during the week to further understand the Christian religion. The purpose of these groups is to help individuals grow in their faith within a community of fellow Christians. They also provide a safe environment for people interested in but not familiar with Christianity to learn about the faith in a less formal setting. At the end of FY23 there continued to be 7 city groups with circa 189 adults and children. Individuals from the church community also met in smaller groups (3-4s) with the aim of helping people to grow deeper and stronger in their Christian faith as well as provide practical support for one another.

Redeemer church plant, Leeds

The vision of the Redeemer Trust is to plant a number of churches in Leeds and beyond to provide opportunities for more people to learn about the Christian faith. During FY2023 preparatory work to establish a church in Crossgates continued, led by the Pastor who will lead this church and who moved to live in the area in the previous FY.

Staff

During FY2023 the Trust continued to employ three full time Pastors, two of whom also are nominated trustees, a Children & Youth Coordinator and an Administrator.

Training

During this year the Trust made planned financial investment in the training and development of individuals to further meet the stated objects of the Trust. Those identified for leadership development were equipped to lead others in their understanding of the Christian Religion.

In house tailored training programmes also ran throughout the year for different leadership communities. These were developed and delivered by the Elders. The programmes prepared individuals to lead in various capacities across the work of The Redeemer Trust including but not limited to: teaching; public gatherings; pastoral support; city groups and practical service teams.

Other grant beneficiaries

The Trust continues to grant funds to the work of Acts 29, an organisation that supports church planting.

The Trust also continued to support three church plants which are part of the Acts 29 Network: churches in Hartlepool, UK; Leicester, UK and Paris, France. Support includes regular grants to the work from the Redeemer Trust.

Policies

The Trust continues to review and implement necessary policies.

Our Safeguarding policy helps to ensure that we provide a safe and caring environment for children, young people and vulnerable adults so they can thrive.

Section E: Finance

The Redeemer Trust Income and Expenditure FY23: Figures from FY22 are also provided as a comparison.

	2022-23	2021-22
Income People Gathering Ministry	247,966 -£122,974 -£17,995 -£17,549 £5,435 -£10,369 -£5,189	£162,090 -£106,783 -£15,942 -£18,692 -£5,600 -£14,239 -£4,764 -£3,779 -£462
Admin
Giving
Events Catch ups/One-offs/other Projects
Expenditure Net Cash Flow B/f CASH BALANCE C/f CASH BALANCE Ring fenced expenditure	-£179,511	-£170,261
	£68,455 £69,641 £138,096 £35,313	- £8,171 £77,812 £69,641 £34,098

Throughout FY23 the Redeemer Trust has continued to receive funds from individuals to support the objects and deliver public benefit. The Trust has received £208,762 in donations during the financial year to 31 August 2023. A gift aid reclaim process is established and this income is built into the budget.

At the end of FY23 there were 90 donors committing support to the work of the Trust. Some of these were regular monthly givers and others making occasional one off gifts.

Total expenditure for the Redeemer Trust in FY23 was £179,511 and covers the following budget categories:

People – salary and support for those working for Redeemer Leeds church both as employees and volunteers. This continues to be where most of our expenditure is used.
Gathering – regular rent for St Chads parish centre and cost of hospitality for these gatherings.
Ministry – resources to enable the core activity of Redeemer Leeds church. This includes: training and development; kids resources; safeguarding and insurance compliance; communication design and publication.
Admin - office costs including stationary, subscription to online management tools and copyright.
Giving – commitment to donate to other church plants and charity work in line with the Trust objects.
Events - rent and hospitality for events outside the regular gathering.
Projects – This budget category captures expenditure for activity that does not fall into business as usual.

The net cash flow for the year was £68,455. The Trust closed the year with remaining cash reserves of £138,096. A portion of this sum, £35,313 is ring fenced expenditure to use as reserves.

The Trust aims to hold modest reserves to ensure that it can continue during any period of unforeseen difficulty e.g. a fall in regular giving. The Trustees do not ordinarily expect this to exceed 20% of annual income. During this financial year this policy has been maintained at all times.

Section F: Declaration

The Trustees declare that they have approved the trustee’s report above.

Signed on behalf of the charity’s trustee

Signature
Full name	Steve Fairhall
Position	Chair and Treasurer
Date	26 June 2024

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YTD month count:

REDEEMER TRUST ACTUALS - YEAR 11 - 2022/23

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Budget Owner Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug YTD
£ £ £ £ £ £ £ £ £ £ £ £ £
Internal Regular Giving - gi� aid-able 9,654 7,883 8,029 8,343 9,727 10,241 9,723 7,143 11,053 10,648 11,135 10,682 114,262
Internal Regular Giving - excluding gi� aid 4,908 5,248 5,124 7,847 4,768 5,834 3,495 3,565 3,813 5,742 4,056 4,556 58,955
Total Internal Regular Giving 14,563 13,131 13,153 16,190 14,495 16,075 13,218 10,708 14,865 16,390 15,191 15,238 173,217
External giving: One off 0 3,661 0 0 0 0 0 0 0 0 0 50 3,711
Transfer from building/catalyst funds 0 0 31,400 0 105 0 0 0 0 0 0 31,505
Refunds/Sales (Income) 328 0 0 0 0 0 0 0 0 0 0 328
Gi� Aid Reclaim 8,788 0 0 0 9,262 0 0 10,514 0 0 0 10,640 39,204
Total Income 23,679 16,792 44,553 16,190 23,862 16,075 13,218 21,222 14,865 16,390 15,191 25,928 247,966
Staff (9,862) (10,457) (10,320) (10,319) (9,782) (10,411) (9,836) (9,699) (9,672) (9,672) (16,832) (1,912) (118,774)
Pension (933) (233) (233) (233) (233) (933) (233) (233) (233) (233) (233) (233) (4,200)
E'ers NI 0 0 0 0 0 0 0 0 0 0 0 0 0
Total People (10,796) (10,690) (10,553) (10,553) (10,015) (11,345) (10,069) (9,933) (9,905) (9,905) (17,065) (2,145) (122,974)
Gathering Building Rent (1,455) (1,472) (1,164) (1,354) (1,216) (1,216) (1,520) (1,216) (1,216) (1,520) (1,216) (1,216) (15,781)
Gathering Hospitality (135) (187) (145) (142) (162) (129) (242) (162) (250) (289) (147) (225) (2,215)
Total Gathering Costs (1,590) (1,659) (1,309) (1,496) (1,378) (1,345) (1,762) (1,378) (1,466) (1,809) (1,363) (1,441) (17,995)
Training Leaders and Teams (33) 0 (189) (42) (1,511) (64) (222) (145) (597) (1,033) (669) 0 (4,505)
Training Pastors Book budget (61) (134) (95) (369) 0 (573) (51) (384) (263) (117) (489) (68) (2,604)
Training Coaching for Gary 0 0 0 0 0 0 0 0 0 0 0 0 0
Redeemer Children and Youth (189) (169) (236) (173) (138) (401) (605) (45) (82) (981) 0 0 (3,020)
Students 0 (129) (32) (98) 0 (113) (54) 0 0 0 (240) 0 (667)
Safeguarding (67) 0 0 (17) 0 (34) (9) (64) (13) (9) (9) (9) (229)
Comms Design & Prin�ng (100) (100) (100) (100) (100) (100) (100) (100) (100) (100) (100) (100) (1,200)
Speakers Expenses 0 0 0 0 0 (265) 0 0 0 0 0 0 (265)
Insurance 0 0 (525) 0 0 0 0 0 0 0 0 0 (525)
Capital Expenditure (69) (390) (426) (1,067) (210) (658) (135) (116) (466) (63) (131) (19) (3,752)
Pastoral Support Compassion 0 (15) 0 0 0 (42) 0 0 (42) (27) (29) (38) (192)
Pastoral Support Mee�ngs (24) (35) (100) (79) 0 (39) (23) (74) (61) (25) (112) (18) (590)
Total Ministry Expenses (543) (972) (1,704) (1,945) (1,959) (2,289) (1,199) (929) (1,625) (2,355) (1,778) (251) (17,549)
Copyright (659) 0 0 0 0 0 0 0 0 0 0 0 (659)
Sta�onery / Admin / IT etc (340) (317) (199) (236) (159) (327) (687) (186) (434) (352) (371) (282) (3,888)
Office Hospitality (83) (58) (64) (174) 0 (67) (46) (93) (61) (23) (220) 0 (888)
Total Administra�on (1,082) (375) (263) (410) (159) (394) (733) (279) (494) (374) (590) (282) (5,435)
Church Plan�ng (529) (529) (546) (550) (529) (552) (529) (529) (200) (858) (314) (858) (6,524)
Mission and Mercy Ministries (190) (190) (190) (190) (440) (415) (215) (165) (215) (190) (190) (190) (2,780)
Church Plan�ng / Mission catch up FY22 0 0 0 0 (133) (133) (133) (133) (133) (133) (133) (133) (1,065)
Total Giving (719) (719) (736) (740) (1,102) (1,100) (877) (827) (548) (1,181) (637) (1,181) (10,369)
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000000Confidential#

REDEEMER TRUST ACTUALS - YEAR 11 - 2022/23

YTD month count:

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Budget Owner Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug YTD
£ £ £ £ £ £ £ £ £ £ £ £ £
Events (90) (1,536) (1,814) 201 (12) (226) (140) (18) (243) (525) (204) (93) (4,700)
Projects 0 0 0 0 (150) (219) (40) 0 (40) (40) 0 0 (489)
Approved Variances from Budget 0 0 0 0 0 0 0 0 0 0 0 0 0
Refunds 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Expenditure (14,820) (15,951) (16,379) (14,943) (14,775) (16,917) (14,821) (13,364) (14,321) (16,189) (21,638) (5,393) (179,511)
IN YEAR - NET SURPLUS / (DEFICIT) 8,859 841 28,174 1,247 9,087 (842) (1,603) 7,858 544 200 (6,447) 20,536 68,455
Prior year gi� aid reclaim 0 0 0 0 0 0 0 0 0 0 0 0 0
Church Plan�ng / Mission catch up FY20 0 0 0 0 0 0 0 0 0 0 0 0 0
Church Plan�ng Catalyst Fund - catch up FY20 0 0 0 0 0 0 0 0 0 0 0 0 0
Building Fund - catch up FY21 0 0 0 0 0 0 0 0 0 0 0 0 0
Pension - catch ups FY20 / FY21 0 0 0 0 0 0 0 0 0 0 0 0 0
Total one off expenditure 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash Flow:
Opening Cash Balance 69,641 78,501 79,342 107,515 108,762 117,848 117,007 115,404 123,263 123,807 124,007 117,560 69,641
Income 23,679 16,792 44,553 16,190 23,862 16,075 13,218 21,222 14,865 16,390 15,191 25,928 247,966
Expenditure (14,820) (15,951) (16,379) (14,943) (14,775) (16,917) (14,821) (13,364) (14,321) (16,189) (21,638) (5,393) (179,511)
One-off expenditure 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash Flow 8,859 841 28,174 1,247 9,087 (842) (1,603) 7,858 544 200 (6,447) 20,536 68,455
Closing Balance 78,501 79,342 107,515 108,762 117,848 117,007 115,404 123,263 123,807 124,007 117,560 138,096 138,096
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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Sectlon A Independent Examinerfs Report Report to the trustees On accounts for the year ended SIST AuGusi ools Charity no lif any) Set out on pages iIW&rii•r £ Incl 1¢ Ihe (&•ge r.ufftbÉ D.. addrfional s1)*16 J I report to the trustees on my examinakn'on of the acxx)LJnts of the aksve charity {Ihe Trusy) for the year ended Responsibilities and basls of report As the charivs trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Art 2011 llhe Acr). I report in respect of my examinan of the Trusys accounts carried out under section 145 of the 2011 Act and in caryng out my examination, I have folk)wed all the applicable Directions gtven by the Charity Commission under section 145151(bl of the Act. Independent he chari ncome e am qualifi examiner's statement u the exami y being a led member o ert name of applicabte I. odyIl. Delete I l if not applicable. I have completed my examination. I cOnfin that no material matters have come to my attention in connection with the examination (other than that disclosed below") v4hich gives me cause to believe that in, any malerial resCt. the accounting records were not kept in accordance with section 130 of the Charities Act- or the accounts did not accord wlth the accounting records,. or the accounts dKI not comply wth the applicable requirements concerning the fomi and content of 8c(xJunts set oul in the Charities {Ac(x)unts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair. view which is not a matter considered as part of an independent examination. I have no (X)nm$ and have come across no other matters in connection th the examination to which attention shoukl be drawn in this report in order to enable a proper understanding of Ihe accounts to be reached. . Please delete Ihe words in the brackets If they do not appty. Slgned: Date: Name: rohJ ri IH11hJ Relevant professional qualificationlsl or body IER Oct 2018

(rf any): Address: L[s CHfiKWhLL iotsJL Section B Disclosure Only cornplete rf the exarniner needs lo highlight material matters of concern (see CC32. Independent examinats'on of charty acLounts". directions and guidan for examiners). Give here brlef details of any iterns that the oxaminerwishes to disclose. IER Oct 2018

26th June 2024 Jonathan Bond Flat 3 Charwall Tower 3 Otley Road Harrogate North Yorkshire HG2 ODJ Ref: Redeemer Church Leeds annual accounts to year ended 31 St August 2023 Dear Trustees. Having reviewed the church's accounts for the above 12-month period I have found nothing that would suggest to me they do not give a true and fair view of the church's income and expenditure for the period concerned. l appreciate this is the first year you have used this software for the recording of all items of expenditure. Everything I checked appears to be where it should be. l of course also sought to cross reference all closing month bank balances back to received bank statements - all could be reconciLed back. Regards Jonathan Bond