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2025-08-31-accounts

The Redeemer Trust

Report and Accounts Year ended 31 August 2025

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

THE REDEEMER TRUST

CHARITY INFORMATION

FOR THE YEAR ENDED 31 AUGUST 2025

Trustees

India Lancaster (appointed 9th February 2026) Ruth Watson (appointed 9th February 2026) Neil Cowling (appointed 9th February 2026) Stephen Fairhall

Julia Johnson (resigned 22nd January 2025) Alexander Passmore (resigned 18 January 2026)

Simon Barrett (appointed 10th February 2025) John McPhilimey

Key Staff

Alexander Passmore

Tom Thrower (resigned 31st December 2025)

Governing Document

CIO Constitution dated 1 October 2015

Charity Registration Number

1163805

Principal Address

21 Broomfield Road Leeds LS16 6AE

Independent Examiner

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

Bankers

The Co-Operative Bank Kingdom Bank

Contents Page
Charity Information 1
Trustees' Annual Report 2-4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8-14
Detailed Statement of Financial Activities with Comparatives 15

Page 1

THE REDEEMER TRUST

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

The trustees have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The charity is a charitable incorporated organisation and is governed by its Constitution. The objects of the charity, as set out in the governing document are:

a) to encourage and facilitate the founding and operation of Christian churches primarily, although not exclusively, in Yorkshire and the rest of the United Kingdom

b) to encourage the seeking of new followers and adherents of the Christian religion

c) to facilitate the training and development of individuals in their understanding of the Christian religion

The trustees note that the Church is not a building, but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for, who by loving and serving Jesus Christ, were also committed to love and care for each other and to bring a blessing to the area in which they lived. Redeemer Church Leeds; its trustees, elders and members are committed to the restoration of those New Testament principles. It is not alone in this, it is one of many Churches in the area, country and all over the world that is re-discovering the excitement of knowing Jesus Christ. The vision is to see the people of Leeds come into this experience of knowing Jesus as their Lord, Saviour and friend.

Summary of the charity's main activities and achievements

To further the above objects and vision, the charity's main activities and achievements were as follows:

Regular public & Redeemer community gatherings

· Sunday weekly gatherings continued at St Chad’s parish centre, Headingley. The meetings are organised by the Redeemer staff team and run weekly by volunteers who attend Redeemer Church.

· City Group communities meet during the week in homes to further understand the Christian religion and help individuals grow in their faith within a community of fellow Christians. Regular attenders at the Sunday gatherings are encouraged to belong to a City Group. In addition, they provide a safe environment for people interested in but not familiar with Christianity to learn about the faith in a less formal setting. By the end of August 2025 there were 10 City Groups with 223 members (adults and children). 14 people registered on ChurchSuite were not members of a City Group.

· Individuals from the church community also meet in smaller DNA (Discover Nurture Act) groups of 3- 4, with the aim of helping people to grow deeper and stronger in their Christian faith as well as provide practical support for one another.

Children & Youth work, and Students

· Children & Youth work has 63 children registered on ChurchSuite. Sunday groups are overseen and organised by paid staff and run weekly by volunteers who attend Redeemer Church.

· Social events have been held as well as an annual Weekend Away for children over 8yrs. Student events were held throughout the year to welcome people studying in Leeds, to help them become part of a local church community.

Page 2

THE REDEEMER TRUST

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

Church planting and Mission support

· Church Planting opportunities continued to be developed into Crossgates by Alex & Beth Passmore, with the launch of the church scheduled for September 2026, with people including children.

Training, Resourcing & Equipping

· Alpha courses were run to help people interested in but not familiar with Christianity to learn about the faith over a meal.

· Welcome to Redeemer events were held where the Redeemer vision and values were explained as well as what belonging to Redeemer looks like.

· West Yorkshire Biblical Counselling Network events were facilitated for people across the region with external speakers.

Vision development & Prayer

· A Week of prayer was held and well attended, with morning and evening meetings, as well as during the day.

· The Women's Advisory Panel met throughout the year to consult on the church's vision and operations.

Most the charity's activities are undertaken by volunteers and the charity could not operate effectively without their efforts.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Structure, Governance and Management

Responsibility for setting policy and for making operating decisions rests with the trustees who meet regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to a senior management team led by Tom Thrower. New trustees are recruited and appointed by the existing trustees, by a majority vote.

Financial review

During the year income was £233,039, and expenditure £256,232. As a result the deficit for the year was £23,193. The charity's net assets were £161,615.

Page 3

THE REDEEMER TRUST

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

Reserves policy

The trustees have determined that the charity should aim to hold unrestricted cash of no less than £53,437 (which equates to about 3 months' of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £147,310 and the charity is complying with its reserves policy.

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Responsibilities of trustees under charity law

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material

departures disclosed and explained in the financial statements; and

  1. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. 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.

Approval

This report was approved by the trustees and signed on their behalf by:

Stephen Fairhall _______Stephen Fairhall (Jun 22, 2026 11:21:22 GMT+1) Stephen Fairhall

Jun 22, 2026 Date: _______

Page 4

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

THE REDEEMER TRUST

('the Charity')

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 August 2025 on pages 6 to 15 following, which have been prepared on the basis of the accounting policies set out on pages 8 to 9.

Responsibilities and basis of report

As the charity’s trustees of the Charitable Incorporated Organisation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

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 Charity as required by section 130 of the Act; or

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

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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 (Jun 23, 2026 09:10:49 GMT+1)

Nick Spear ACCA Association of Chartered Certified Accountants Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Jun 23, 2026

Page 5

THE REDEEMER TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 AUGUST 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 Unrestricted
Funds
£
216,025
-
4,314
220,339
213,747
213,747
-
6,592
(11,050)
(4,458)
147,658
143,200		 Restricted
Funds
£
12,700
-
-
12,700
42,485
42,485
-
(29,785)
11,050
(18,735)
37,150
18,415		 Total
Funds
2025
£
228,725
-
4,314
233,039
256,232
256,232
-
(23,193)
-
(23,193)
184,808
161,615		 Total
Funds
2024
£
259,039
268
1,236
260,543
216,541
216,541
-
44,002
-
44,002
140,806
184,808

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

All income and expenditure derive from continuing operations.

The notes on page 8-14 form part of these accounts.

Page 6

THE REDEEMER TRUST

BALANCE SHEET

AS AT 31 AUGUST 2025

Note
FIXED ASSETS
Tangible assets
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
9
CREDITORS: Amounts falling
due within one year
10
TOTAL NET ASSETS
FUND BALANCES
12
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
-
-
-
147,310
147,310
(4,110)
143,200
143,200
-
143,200
-
143,200		 Restricted
Funds
£
-
-
-
18,415
18,415
-
18,415
-
-
-
18,415
18,415		 Total
Funds
2025
£
-
-
-
165,725
165,725
(4,110)
161,615
143,200
-
143,200
18,415
161,615		 Total
Funds
2024
£
-
-
5,023
182,785
187,808
(3,000)
184,808
132,764
14,894
147,658
37,150
184,808

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

Stephen Fairhall Stephen Fairhall (Jun 22, 2026 11:21:22 GMT+1)

Stephen Fairhall

Jun 22, 2026 Date: _______

Charity number: 1163805

The notes on page 8-14 form part of these accounts.

Page 7

THE REDEEMER TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

1 Statutory Information

The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

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 Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

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

a) Going concern

The trustees (who are the charitable company's directors for the purposes of company law) 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 includes:

Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.

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.

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 cost of raising funds is not significant and has not been separately disclosed.

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 8

THE REDEEMER TRUST

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. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. 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 £1,000 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:

Freehold land Is not depreciated (because it is not consumed by use) Freehold buildings Over 50 years after taking account of the building's residual value Leasehold improvements Over the lease term or, if shorter, expected useful life Equipment Over 3 to 7 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) 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.

g) 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.

h) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

i) Foreign currency translation

These financial statements are presented in sterling, which is the charity's functional currency.

iii) Non-monetary assets are measured at historic cost at the rate of exchange prevailing on the date of the transaction and are not subsequently re-translated.

All differences arising from the application of the above policy are charged (or credited) to the Statement of Financial Activities.

j) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

k) 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.

3 Donations

Donations of cash and similar
Gift aid recoverable
4
Income from charitable activities
Community outreach programs		 2025
£
190,598
38,127
228,725
2025
£
-
-		 2024
£
221,798
37,241
259,039
2024
£
268
268

Page 9

THE REDEEMER TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

5
Investment income
Bank interest
6
Charitable expenditure
a
Costs incurred directly on specific activities
Staff expenses
Sunday gatherings including rent
Ministry training
Other ministry expenses
Church plant expenses
Equipment expensed
Events and projects
Miscellaneous expenses
Grants payable (note 6c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Administration
Insurance
Total expenditure		 2025
£
4,314
4,314
2025
£
164,847
21,437
7,459
9,317
2,691
4,519
6,482
658
217,410
28,779
246,189
3,000
3,000
6,078
965
10,043
256,232		 2024
£
1,236
1,236
2024
£
146,109
19,623
9,569
9,484
-
4,479
5,903
1,047
196,214
11,169
207,383
3,000
3,000
5,477
682
9,159
216,542

The fee payable to the independent examiner for preparing and examining the accounts was £3,000 (2024: £3,000).

c 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:
Fellowship of Independent Evangelical Churches (FIEC)
Acts 29 Church Planting Network
Universities and Colleges Christian Fellowship (UCCF)
GCH Trust
UFM Worldwide
Grants to institutions for less than £1,000 each		 Institutions
£
11,123
-
11,123
Institutions
£
10,378
-
10,378		 Individuals
£
2,250
15,406
17,656
Individuals
£
141
650
791
2025
£
3,600
-
1,175
3,948
2,400
-
11,123		 2025
£
13,373
15,406
28,779
2024
£
10,519
650
11,169
2024
£
1,596
532
1,650
3,948
2,400
252
10,378

Page 10

THE REDEEMER TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

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

The average monthly number of employees during the year was 5 (2024: 4). 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.

The charity's key management comprise the trustees and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:

Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Alexander Passmore
29,278
-
1,300
Tom Thrower
35,003
-
1,500		 2025
£
30,578
36,503
67,081

The following amounts were payable in the previous year:

Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Alexander Passmore
28,424
-
1,436
Tom Thrower
34,112
-
1,500		 2024
£
29,860
35,612
65,472

Alex Passmore and Tom Thrower served as church leaders and received the above payments for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document.

During the year the charity gave £1,000 each to support Alex and Tom's time off in sabbatical.

8 Debtors

8
Debtors
Falling due within one year:
Gift aid recoverable
9
Cash at Bank and in Hand
Cash at bank with immediate access
Notice deposits (with a term of three months or less)
10
Creditors: liabilities falling due within one year
Other creditors
Accruals		 2025
£
-
-
2025
£
45,313
120,412
165,725
2025
£
1,110
3,000
4,110		 2024
£
5,023
5,023
2024
£
41,550
141,236
182,785
2024
£
-
3,000
3,000

11 Pension commitments

During the year employer’s pension contributions totalling £2,574 (2024 : £3,419) were payable to defined contribution personal pension schemes. There was no outstanding liability at the year end.

Page 11

THE REDEEMER TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

12 Funds

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

Designated Funds
Gary Aston Support Fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Brad Balmer Support Fund
Gary Aston Support Fund
Aggregate of funds		 Opening
balance
2025
£
14,894
14,894
132,764
147,658
26,669
10,481
37,150
184,808		 Incoming
resources
2025
£
-
-
220,339
220,339
12,000
700
12,700
233,039		 Outgoing
resources
2025
£
(14,894)
(14,894)
(198,853)
(213,747)
(30,254)
(12,231)
(42,485)
(256,232)		 Transfers
in the year
2025
£
-

(11,050)
(11,050)
10,000
1,050
11,050
-		 Gains and
losses
2025
£
-
-
-
-
-

-
-
-		 Closing
balance
2025
£
-
-
143,200
143,200
18,415

-
18,415
161,615

The transfers referred to above were made for the following reasons:

a) The transfers to the Brad Balmer Fund were by agreement of the trustees to support his role in ministry. b) The transfers to the Gary Aston Support Fund were to correct restricted gift aid income that was included in general income last year and to cover the deficit in the fund

Analysis of net assets by fund

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

ysis of net assets by fund
assets and liabilities of the various funds were as follows:
Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
-
-
-
-
147,310
-
(4,110)
-
143,200
-
Unrestricted Funds		 Restricted
funds
£
-
-

18,415
-

18,415		 2025
£
-

-
165,725
(4,110)
161,615

Page 12

THE REDEEMER TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

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

Designated Funds
Gary Aston Support Fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Brad Balmer Support Fund
Gary Aston Support Fund
Aggregate of funds		 Opening
balance
2024
£
-
-
140,806
140,806
-
-
-
140,806		 Incoming
resources
2024
£
-
-
215,063
215,063
35,000
10,481
45,481
260,544		 Outgoing
resources
2024
£
-
-
(204,045)
(204,045)
(12,497)
-
(12,497)
(216,542)		 Transfers
in the year
2024
£
14,894
14,894
(19,060)
(4,166)
4,166
-
4,166
-		 Gains and
losses
2024
£
-
-
-
-
-
-
-
-
 Closing
balance
2024
£
14,894
14,894
132,764
147,658
26,669
10,481
37,150
184,808

Analysis of net assets by fund

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

Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
5,023
-
130,741
14,894
(3,000)
-
132,764
14,894
Unrestricted Funds		 Restricted
funds
£
-

37,150
-
37,150		 2024
£
5,023
182,785
(3,000)
184,808

The Brad Balmer Support Fund is a restricted fund set up to support the employment of Brad Balmer as a pastor of the church from April 2024 for 3 years.

The Gary Aston Support Fund is a restricted fund to support Gary's sabbatical period during which he will receive remuneration from the church.

13 Operating lease commitments

The charity has an operating lease for its church building. 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:


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
£
20,259
6,851
-
27,110		 2024
£
5,940
-
-
5,940

During the year the charity was charged £18,953 (2024: £17,195) for its operating lease.

Page 13

THE REDEEMER TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

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

15 Members

Each member of the charity commits to contribute if the charity is wound up an amount of £10.

Page 14

THE REDEEMER TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 AUGUST 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Total Expenditure
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 General
Designated
2025
2025
£
£
216,025
-
4,314
220,339
-
198,853
14,894
198,853
14,894
21,485
(14,894)
(11,050)
-
10,436
(14,894)
132,764
14,894
143,200
-
Unrestricted funds		 Restricted
2025
£
12,700
-

-
12,700
42,485
42,485
(29,785)
11,050
(18,735)
37,150
18,415		 Total
2025
£
228,725
-
4,314
233,039
256,232
256,232
(23,193)
-
(23,193)
184,808
161,615		 General
Designated
2024
2024
£
£
213,558
-

268
-
1,236
-

215,063
-

204,045
-

204,045
-

11,018
-
(19,060)
14,894
(8,042)
14,894
140,806
-
132,764
14,894
Unrestricted funds		 Restricted
2024
£
45,481
-

-
45,481
12,497
12,497
32,984
4,166
37,150
-
37,150		 Total
2024
£
259,039
268
1,236
260,544
216,542
216,542
44,002
-

44,002
140,806
184,808

Page 15