# **Annual Report and Accounts 2021/22 FOR THE PERIOD 1ST SEPTEMBER 2021 TO 31ST AUGUST 2022** **Charity No.1165450** ## **CONTENTS** Reference and Administrative Details 3 Report of the Trustees 4 Structure, Governance and Management 4 Our Purposes, Aims and Public Benefit 4 Review of the Year's Activities 5 Financial Review 7 Independent Examiners Report 9 Statement of Financial Activities 10 Balance Sheet 11 Notes to the Accounts 12 2 ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Status** Charitable Incorporated Organisation (CIO) Registered Charity Number - 1165450 ## **Registered Address** The Hope Centre, 10 St. Margaret’s Street, Ipswich, IP4 2AT ## **Charity Trustees** Lisa Barker (Appointed 10 Jan 2022) Joel Davies (Appointed 11 October 2018) Maurice Nightingale (Appointed 22 December 2015) Ben Parker (Resigned 27 October 2022) Hugh Pearce (Appointed 22 December 2015) ## **Church Elders** Tom Allen Alastair McDonald Ben Parker (Left in July 2022 to plant a church in the Netherlands) Hugh Pearce ## **Website** www.redeemerchurchcolchester.org ## **lndependent Examiner** Mrs Carole Cowgill ACA 4 Penny Meadow Capel St Mary lpswich lP9 2UU ## **Bankers** Charities Aid Foundation (CAF Bank) 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ 3 ## **REPORT OF THE TRUSTEES FOR THE PERIOD 1ST JANUARY TO 31ST AUGUST 2021** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** Redeemer Church Colchester is a Charitable Incorporated Company (CIO) It was registered on 5th February 2016. The Charity is governed by the Constitution. Redeemer Church Colchester is a member of the Relational Mission Sphere of Newfrontiers. The trustees, who meet around three times a year, are responsible for the ultimate financial and legal governance of the Church, having regard to the advice and guidance of the Elders team. There are 4 current Trustees. The quorum is two charity trustees, or the number nearest to one third of the total number of charity trustees, whichever is greater, or such larger number as the charity trustees may decide from time to time. The power of appointment or removal of trustees rests with the trustees. New trustees are selected from the members of the Church, or involved in the wider ministry of Relational Mission, who are well known to the existing Board of Trustees and have demonstrated a high level of dedication and commitment towards the aims of the Church. All new trustees are taken through an induction outlining the roles and responsibilities required of them. Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the Charity and of the profit and loss of the Charity for that period. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy, the financial position of the charity. 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. The trustees confirm that the accounts comply with current statutory requirements and those of the Charity’s Constitution. Redeemer Church Colchester operates with a core Elders team of four who are responsible for setting the overall vision and objectives of the Church. The trustees delegate the running of the charity to the Elders of the Church, who oversee the achievement of the objectives of the charity, day-to-day operational decisions and the coordination and strategic direction of the Church’s work. The progress of the Elders team is monitored regularly by the trustees. The trustees monitor finance, risk management and internal control, which includes implementing and enforcing relevant policies and procedures. At the end of the year there were three staff members, one full-time, and two part-time. The trustees present their report with the financial statements of the charity for the period 1st September 2021 to 31st August 2022. ## **OUR PURPOSES, AIMS AND PUBLIC BENEFIT** ## **Our objectives** (1) to advance the christian faith in Colchester and in such other parts of the United Kingdom or the world as the directors of the charity (herein called 'the trustees') may from time to time think fit. This will be done for the benefit of the public through the holding of prayer meetings, member gatherings, lectures, public celebration of religious festivals, producing and/or distributing literature on christianity to enlighten others about the christian religion, and whatsoever the trustees decide will advance the faith. (2) to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind in Colchester and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit. ## **MAIN ACTIVITIES UNDERTAKEN FOR THE PUBLIC BENEFIT** As an outworking of these objectives, Redeemer Church Colchester’s vision is to lead people to discover fullness of life by helping them find and follow Jesus. The Church also aims to be a growing local church with a global reach, multiplying and strengthening churches by raising leaders, releasing missionaries and resourcing pioneering. 4 ## **REPORT OF THE TRUSTEES** ## **FOR THE PERIOD 1ST SEPTEMBER 2021 TO 31ST AUGUST 2022** The Church provides public benefit in many ways, including through the provision of teaching and pastoral support to single people (including university students), married couples and their families, who have a connection with Redeemer Church. Many church members make significant contributions of benefit to the people of Colchester and beyond, through their employment in such spheres as health care, law and order, and education; and in addition, church members are equipped, encouraged and supported to serve into the town and surrounding communities as volunteers in various ways, such as via the Food Bank and local hospital. During the year we continued to recover from the impact of the pandemic and delivered Weekly worship meetings at St John's Green Primary School in Colchester (moving to St Benedicts School in June 2022). Other church activities and programmes comprised those shown in the images on the following pages. As a result of these activities, the church has continued to thrive, with Sunday and midweek attendance growing. Our average Sunday attendance was up from 80-90 in 20/21 to 110 on average in 21/22. As a church we have been called to be an equipping and sending church, yet despite many members moving on during the year on missional activities the church continues to attract new members. The vast majority of Redeemer Church Colchester’s events and activities can be accessed free of charge. When a charge has to be made, every effort is made to ensure that the cost does not exclude those for whom the activity would be especially beneficial (this includes financial subsidies where appropriate) ## **The Year in Brief** September 21 - Evangelism training, Redeemer Youth launch, quiz night October 21 - 5 Year anniversary, Christian Union tour with meal November 21- Light Party December 21 - Christmas service and nativity Jan 22 - 21 days of prayer, baptism, ladies morning, Chelmsford plant prayer time Feb 22 - Baptism, get connected, newcomers lunch, Nijmegen weekend March 22 - Pub quiz, gift days, called to go Sunday, outgrowing venue April 22- Get connected, baptism, announced move to new venue May 22- Ladies afternoon tea, baptism, Living out / doctrine day, Grace Church Stockholm visit (Hugh, Lead Elder) June 22 - Churches together pentecost service, Man Camp, Farewells / sending of Parkers to Nijmegan church plant, new venue July / Aug 22 - Newday Youth conference, welcoming new members, summer socials 5 **REVIEW OF THE YEAR'S ACTIVITIES FOR THE PERIOD 1ST SEPTEMBER 2021 TO 31ST AUGUST 2022** 6 ## **FINANCIAL REVIEW** ## **Incoming Resources** It’s been an encouraging 12 months for redeemer regarding Church income, despite the challenging economic conditions. The Financial Statements, show a positive outcome with our budgeted income being exceeded. Redeemers’ income continues to be primarily comprised of donations from church members (73.43%), with gift aid reclaim accounting for 16.71% of income and 9.85% from gift days and special offerings which support the aims and objectives of the charity including bolstering the staff team, supporting the community and furthering church planting endeavours on the continent. ## **Outgoing Resources** Our expenditure over the past 12 months (£120,046) has remained broadly in line with our budget spending of £10,000pm. This has been a particularly focussed area of financial oversight for us as a charity, particularly given the impact of inflationary increases across all areas of society. Our charity commission returns have now been aligned with our preferred reporting period of September to August which reflects the flow of income, spending and budgeting more accurately. The next return due will therefore give interested parties a clear comparison of year-on-year. ## **Funds and Balance Sheet** The total funds carried forward for the reporting period show a 31.11% increase on the funds brought forward, which is in monetary terms a £23,523 increase on funds held at the bank. This brings total unrestricted funds to £99,132. Once again it should be noted the comparative period is only 8 months due to our move in reporting period. ## **Budget Setting** We liaise with ministry leaders across the church during March and April to gather their anticipated needs for the year ahead and finalised figures are presented to the trustees to review and sign-off during June and July in preparation for the year ahead (September to August). ## **Reserves Policy** Redeemer Church Colchester seeks to maintain funds equivalent to three months’ expenditure in order to ensure the continued operation of the charity regardless of fluctuations in cash flow. ## **Investment Policy** It is the policy of Redeemer Church Colchester to invest our funds in a conservative manner which is generally in interest bearing accounts with mainstream banks. The Trustees review the allocation of funds as and when necessary. ## **Grant Making Policy** Gifts to external organisations and individuals are considered by the Trustees on the basis of need and fulfilment of the charitable objectives. There are no upper or lower limits of support. Grants are made following regular contact, budgetary control and adequate reporting. ## **Internal Control and Risk Management** The Trustees have overall responsibility for Redeemer Church Colchester’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 Trustees’ authority through the Eldership to the rest of the Charity. Redeemer Church Colchester operates a stringent financial review process, whereby income and expenditure is reviewed on a three monthly basis. A high level budget is also prepared and reviewed by the Trustees to provide visibility into the future spending and financial position of Redeemer Church Colchester. Redeemer Church Colchester holds various insurance policies which were renewed for 2021/22 to mitigate this risk, including: - Employer's liability cover of £10,000,000 - Public liability of £5,000,000 - Trustee's indemnity cover of £100,000 7 The Trustees have continued to review the major risks facing the charity and plans are in place to mitigate those risk& On-going monitoring ond assessment is in place to include health and safety, safeguarding, and GDPR compliance. Controctuol ri5k5 are reviewed before being entgred into,. to Q55e55 that they could not significantly impact upon the Church'5 abilitytofulfil its objective* Policies and Procedures Redeemer Church Colchester regularly reviews and implements the following policie5'. Safeguarding Health ond Safety Employment Policies (Staff Handbook) Data Protection Expenses Thè Charity continues to ￿n•fir frorn the servlce of many volunteer5. The Charitys principal Source of funds is derived from regualr giwng byour Church members Our expenditure has 5UPPOrted many local, national and international projects, including but not Ilmlted to local foodbanks, a homeless project. 5UPPOrting Af9han refugee familiies and through pastorol support for individuals and fomilies within our community. The Trustees feel confident that Church income will cover all operating costs In during the 202¥23 flnonclal yeor. Approved by tho Board of Trust￿$ on...-....... ... ... -.ond slgned on Its behalf INDEPENDENT EXAMINERS REPORT Inde dent Examiner's Re ort to the Trustees of Redttmer Church Colchester on the Accounts for the ear ended 31 Au istered Chari No. 1165450 #t ust 2022 I report to the trustees on my exami￿0￿ of the aL%OUDts of the above charity for the year e￿Ied 31. August 2022. nsibilities and b&8is of As the charity's trustees. you are reS￿nSIble for the pr¢parntion of the wxounts in accordance with th¢ r¢quir¢m¢nts of th¢ Charities Act 2011 (the Charities Ac¢). I rep)rt in reSp￿t of my exaMin￿On of the Charity's carried out under ye£tion 145 of the 2011 Charities ACL and, in carryin8 Out my examina110￿ I have followed all the applicable Directions giveu by the Cbarity Comn)ission under section 145(5Xb) of the Clwities ACL Ind ent examinu's ststement I have completed my examI￿tion. I confirm that no Materi￿ matters have rA)me to my attention in ¢onne¢tion with the exaMi￿tion ￿l¢b give me ￿￿8¢ to believe thaL in any materiaj res￿ the a￿OwIt]ng records were not kept in acwrdance with section 130 of the Charities A¢ or the accounts did not accord with the accounting re¢ord& or the a¢¢ounts did not comply with the appli¢abl¢ requiremen1$ coneAnsng the fomi and eA)nt¢nt of accounts set out in the Charities Act (Accounts and Rew)rts) Regulations 2(K18, other than any requiremeth thai the accounts give a and fatr" vlew, whlch Is not a matter co￿41dered as part of an Indepthdent exarnlnatlon. I have no concerns and have eA)me no other matters in Conn￿tiOn with the eKami￿tion to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 2Ltr 2(314 Mrs. Carole Cowgill ACA 4 Penny Meadow Capel St. Mary Epswich IP9 2UU ICAEVI CHARTERED ACCOUNTANT **STATEMENT OF FINANCIAL ACTIVITIES** |**Statement of Financial Activities, including Income and Expenditure Account, for**
**the year ended 31st August 2022**|**Statement of Financial Activities, including Income and Expenditure Account, for**
**the year ended 31st August 2022**|**Statement of Financial Activities, including Income and Expenditure Account, for**
**the year ended 31st August 2022**|**Statement of Financial Activities, including Income and Expenditure Account, for**
**the year ended 31st August 2022**|**Statement of Financial Activities, including Income and Expenditure Account, for**
**the year ended 31st August 2022**|**Statement of Financial Activities, including Income and Expenditure Account, for**
**the year ended 31st August 2022**| |---|---|---|---|---|---| ||||**Total Funds**||**Total Funds**| ||||**Sep21-Aug22**||**Jan-Aug 2021**| ||||(Unrestricted)||(Unrestricted)| |||Notes|£||£| ||||||| |**INCOME**||2|||| |Income and endowments from:|||||| |Donations, legacies and grants|||143,561||85,730| |Investment income|||8||0| |Total incoming resources|||143,569||85,730| ||||||| |**EXPENDITURE**|||||| |Expenditure on:|||||| |Charitable activities|||120,046||51,786| |Total expenditure|||120,046||51,786| ||||||| |**Net income/(expenditure) for the year**|||23,523||33,944| ||||||| |**RECONCILIATION OF FUNDS**|||||| |Total funds brought forward|||75,609||41,665| |Total funds carried forward|||99,132||75,609| 10 **BALANCE SHEET** |**BALANCE SHEET AT 31ST AUGUST 2022**|**BALANCE SHEET AT 31ST AUGUST 2022**|**BALANCE SHEET AT 31ST AUGUST 2022**|**BALANCE SHEET AT 31ST AUGUST 2022**|**BALANCE SHEET AT 31ST AUGUST 2022**|**BALANCE SHEET AT 31ST AUGUST 2022**| |---|---|---|---|---|---| ||||**31 August**||**31 August**| ||||**2022**||**2021**| |||Note|£||£| |**FIXED ASSETS**||3|6,906||1,269| |**CURRENT ASSETS**|||||| |Debtors||4|2,144||3,097| |Cash at bank and in hand|||96,409||74,742| |**Total current assets**|||98,553||77,839| ||||||| |**CREDITORS: amounts falling due**
**within one year**|||||| |||5|(6,327)||(3,499)| ||||||| |**NET CURRENT ASSETS**|||92,226||74,340| ||||||| |**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**|||||| ||||99,132||75,609| |**FUNDS OF THE CHARITY**|||||| |Unrestricted funds||6|99,132||75,609| |These accounts were approved by the Trustees and signed on their behalf:|||||| |Signed:||Date:|||| |L Barker - Trustee|||||| |Signed:||Date:|||| |H Pearce - Trustee|||||| 11 **NOTES TO THE ACCOUNTS** |**NOTES TO THE ACCOUNTS**|**NOTES TO THE ACCOUNTS**|**NOTES TO THE ACCOUNTS**|**NOTES TO THE ACCOUNTS**|**NOTES TO THE ACCOUNTS**| |---|---|---|---|---| |**NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2022**||||| |**1**|**Accounting Policies**|||| ||**Basis of preparation of the accounts**|||| ||The accounts have been prepared under the historical cost convention, with items
recognised at cost or transaction value. They have been prepared in pounds sterling.|||| ||The accounts 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), effective 1st January 2019, and with the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS 102), and with the Charities
Act 2011.|||| ||The charity has taken advantage of the exemption in Financial Reporting Standard 102
Section 1A Small Entities from the requirement to produce a Cash Flow Statement.|||| ||The trustees consider that there are no material uncertainties about the charity's ability to
continue as a going concern.|||| ||The accounts have been prepared using the Accruals method.|||| |**2**|**Income**|||| ||Income includes donations (including £23,984 in gift aid) and income from meetings and
booklets.|||| |**3**|**Tangible Fixed Assets**|||| ||Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life:|||| ||Computer and Audio Visual equipment - - 25% of cost|||| ||Items costing less than £800 are written off in the year of purchase.|||| |||£||| ||**COST**|||| ||Bal bf 1/9/21|2,572||| ||Additions|6,457||| ||Bal cf 31/08/22|9,029||| ||**DEPRECIATION**|||| ||Bal bf 1/9/21|1,303||| ||Charge for the year|820||| ||Bal cf 31/08/22|2,123||| ||**NET BOOK VALUE**|||| ||At 31/08/22|6,906||| ||At 31/08/21|1,269||| 12 **NOTES TO THE ACCOUNTS CONTINUED** |**NOTES TO THE ACCOUNTS CONTINUED**|**NOTES TO THE ACCOUNTS CONTINUED**|**NOTES TO THE ACCOUNTS CONTINUED**|**NOTES TO THE ACCOUNTS CONTINUED**|**NOTES TO THE ACCOUNTS CONTINUED**|**NOTES TO THE ACCOUNTS CONTINUED**| |---|---|---|---|---|---| |**NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST AUGUST 2022**|||||| |**4**|**Debtors**||2022||2021| ||||£||£| ||Gift aid debtors||2,144||3,097| ||||2,144||3,097| |**5**|**Creditors: amounts falling due within one year**||||| ||||2022||2021| ||||£||£| ||Creditors - Relational Mission||5,500||0| ||Creditors - venue hire||0||2,080| ||Other creditors and accruals||827||1,419| ||||6,327||3,499| |**6**|**Charity Funds**||||| ||||2022||2021| ||**Unrestricted funds:**||£||£| ||General fund||||| ||Bal bf 1/9/21||75,609||41,665| ||Net income in the year/ period||23,523||33,944| ||General funds cf 31/08/22||99,132||75,609| ||**Total Unrestricted funds**||99,132||75,609| ||||||| |**7**|**Trustee remuneration and benefits**||||| ||||2022||2021| ||||£||£| ||H. Pearce:||||| ||Trustee's salary||37,839||24,995| ||Trustee's pension contributions||2,528||1,685| ||||40,367||26,680| ||During the year, Hugh Pearce was paid by the charity as its Pastor. He did not receive any
remuneration for his role as trustee.||||| ||In addition, remuneration of £9,525 was paid to Mikka Parker, wife of trustee Ben Parker, in
relation to her employment with the charity. Ben Parker was not involved in any decision-
making relating to her employment or remuneration.||||| ||Trustee expenses||||| ||M. Nightingale - speaker fees||180||475| ||- admin expenses paid to related parties||295||0| ||H. Pearce - admin and travel expenses||340||185| ||B. Parker - admin and training expenses||281||0| ||- donation to support move to Nijmegen||3,300||0
1| ## **NOTES TO THE ACCOUNTS CONTINUED** |**DETAILED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2022**|**DETAILED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2022**|**DETAILED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2022**|**DETAILED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2022**|**DETAILED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2022**|**DETAILED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2022**| |---|---|---|---|---|---| ||||**2022 (£)**||**2021 (£)**| |**INCOME AND ENDOWMENTS**|||||| |**Donations, legacies and grants:**|||||| ||Donations, including church support gifts||105,431||62,225| ||Advance fund||6,305||7,495| ||Gift days||5,087||0| ||Special offerings||2,599||0| ||Gift aid||23,984||15,924| ||Other income||155||86| ||||143,561||85,730| |**Expenditure on Charitable Activities:**|||||| |**Salaries and pension costs**|||||| ||Trustees' salaries||37,839||24,995| ||Trustees' pension costs||2,528||1,685| ||Other wages||18,221||7,359| ||Other pension costs||682||233| ||Pension charges||144||0| ||Employers nationalinsurance||353||0| ||||59,767||34,272| |**Church Activities**|||||| ||Sundays - venue hire||15,187||5,919| ||Sundays - guest speaker fees||1,532||1,473| ||Sundays - equipment||422||0| ||Sundays - refreshments||852||157| ||Travel and subsistence||573||118| ||Pastoral costs -hospitality, courses, books||3,803||261| ||Pastoral - conferences/training||2,104||1,218| ||Pastoral - events||1,241||0| ||Ministry Teams -Worship/Audio Visual equipment||3,587||974| ||Ministry Teams - Kids expenses and DBS||1,376||257| ||Ministry Teams - hospitality||1,470||44| ||Ministry Teams - students||590||0| ||Ministry Teams - other expenses||0||919| ||Events expenses = youth||520||178| ||||33,257||11,518| |**Gifts and Donations**|||||| ||RM tithes||10,500||0| ||Nijmegan support||3,300||0| ||Other giving||5,805||1,050| ||||19,605||1,050| |**Management and Admin costs**|||£||£| ||Insurance||453||384| ||Payroll administration costs||569||564| ||Accountancy and independent exam fees||400||400| ||Office costs and equipment||1,426||162| ||Office - working refreshments||166||0| ||Bank charges||98||64| ||Donation charges||43||0| ||Licences and legal fees||0||352| ||Professional/ admin fees||2,140||700| ||Health and Safety expenses||284||744| ||Marketing expenses||23||0| ||Website, software and zoom costs||885||822| ||Media work||65||325| ||General expenses||45||0| ||||6,597||4,517| |**Depreciation**|||||| ||Depreciation of AV/computer equipment||820||429| ||||||| |**Total Expenditure**|||**120,046**||**51,786**| 14