Redeejner Church Nottingham
TRUSTEES, REPORT AND
FINthCIAL STATEMENTS
For the Year EDded 31 December 2023
Charity Number 1184174

Redeemer Church Nottingharn
Report of the Trustees for the year ended 31 December 2023
The Tn2slees aTe ple2sed to Present their annual report and financial Statements for the year ended 31 December 2023. The
financial statements comply with tlie Chanties Act 2011. tlie Memoranduin and Articles of Associatiort. and Ac¢ouniing and
Reporting by Charilies.. Siatement of Recommended Practice applicable to chariiieq preparing their accounis in accordance with
the Financial Reporting Standard applicable in ihe UK and Republic oflr¢land IFRS1021.
Elder5. Report
"Evepvgood andperfecl gijt Isfyom above. toRning domw.from the Faiker ofthe keovenl), ligkis, who does not ¢honge like
5hifiingsh&dows.
-JameJ l..J7
OUT first full year in our new home in Beeston has been an encouraging one for u5 as a church family- it has been a year full of
growth and chang¢.
2023 our average attendance on Sunday mornings rose fvom 178 ¢0 269. A signifieant part of this growth was due to many
people arriving from Hong Kong on the BNO visa scheme. We're thankful to God for Wilsot] Siu and Elaine Lau for the
support they have given to thi5 growing area of ministiy. Wi150n ha5 been preaching once a month in Cantonese on the third
Sunday ofevery month.
During the year we relaunrhed our inidweek 'Com5nunity GTOUPS.. This was a period of change for us, which began with a
series of centralised 5essiotJs thinking through what it would mean for us to be gospel centred. growing together, making
Christ known. As ihe new groups were launched we were thankful to God for tsUT unity in Christ.
On Sunday momings. we have continued to work OUT way through the sLYiptures. There were teachsng series on 2 Peter, Acts,
Song of Songs. Habakkuk, the Psalms and Rornans.
It has been wonderful to see the building being widely llsed by many diffei'ent groups. From coiineil clcctions to birthday
pariies, many people have comc into the Old Towll Hall throughout the year. We J150 continued to hire office space to Safe
Families. Cr055Teach and Liv￿8 Leadership.
I)uring the year we continued to venwre into new tninistry areas, with JouTney through Easter lan interactLV¢, muItl-5en50ry
walkihrough of the Easter Sloryl and English lan¥uag¢ classes successfully launching. We 2Te grateful to God for the many
volunteer5 who res(pur¢e the majority of the ministries of the Church.
In October we were delighted to hold our first weddirtg irt our new buildin8 and rejoiced wilh Ant and Jenny Weedon, their
friends and families.
At the end of the year we grieved the (kath of Liljatt Hemsley. Towards the end of her life Lilian had been one of our most
faithful attendallts on Zoom. We grieve in the Sure and certain hope of the resutTection.
At the ftr%i and then final member5, meetings of the year we appointed Katheriiie Blllleid and Chris Potts as dea¢ons for
Safeguarding and ttLen Lan and G¢nllna Piwcell as deacons for Fa]nilies Ministry. Wc pray that God will continu¢ to equip
them Foi works of service.
God has continue LO PTovide for us in so many ways, we are thankful most of all for his loving care and the grace he has freely
lavished on in u5 Chrisi.
Peter Brown
Pastor
On bchalf of the trustees of Redeemer Church Nottinghatn
l. Our Pur
o$es and Activit
In working towards the objeLtives below, the Trustees have considered the Charity Commission'5 guidance on public ben¢fit
and have worked towards niaking Redeemer Church Nottingham as ac¢¢ssible as possible tt> all the community. The Trnstees
confimi that they have ¢omplied with their dut1¢5 uiider Section 17(51 of the 2011 Charitie5 Act with regard u) publi¢ benefii.

Redeemer Church Nottlngham
Report of the Tru5tee5 for the year ended 31 D¢¢tmber 2023- Colltinued
l.a ObJe¢tives
The advancement of the Christian faith in accoidance with the basis of faiih PTimarily but not exclusively within Nottillgham
and the surrounding neighbourhood. and surh otlier cl￿ritable purposes as sliall, in the opinion ofthe Chaiity ttU5te¢s. put into
prJ¢tr"ce ihe ChTiStian faith in accordance with the basis of faith, Including but not limited to..
th¢ prevention and reli¢f of need, hardship and sickness;
the advancement of cduc2tion,' and
the provisitsn of facilities in th¢ interests of s(￿la[ welf8re for recreation or other leisuTe time occupation of
individuals who have need of such facilities by reason of their youth. age infirmity or disability, financial hardship or
so¢i41 cirruTll5tances with the object of improving their conditions of life.
provided that rhe advancement of such PUTposes must be undertaken in a manner that Ès consistent with the doctrinal
distinctives and ethical statements as may be adopted and amended by the Church from time to time in aecordance with the
provistorts of the Church handbook.
l.b Alm5
Vision." Gospel Celltred, growing together, making Christ known.
Mission: Serving God'5 niission of leaching people of all-nations by planting churches.
V8lu
Seeing th¢ Eospel Affecting everything
by iea¢hing the Bible clearly
by praying in the Spirit persisiently
by serving Christ wholeheartcdly
Growlng together In Chrtst
by WElcomin8 and being Èceessible to all
by caring foT one another
by speaking the truth in love
Sharing the good news of Je5U5
by blessing our neighbours through gospel demonstraiion
by extending Gcxl's kingdom through gospel declaration
by discipling people ofall nations to be dis¢ipl¢-makers
2. Achiev
ments and Performance
2.4 Slgnlfleartt Activltles during the Year
Ongoing delivery of Sunday setvices and associated groups a¢tLVltle5. Our service continues to be available online via
Z￿rn ea¢h week. Our Sundays saw a number of child thanksgiving and adult baptism services throughout the year
2. Th¢ weekly Sunday prayeT meetin8 continues every week. We also ran weekday morning and evening devotional and
prayer series in January and October.
Midweek community groups helping people follow Je8us in particular aspects of life. 2023 saw the re-launch of the
group5 following some central cortlmunity ¥roups sessiuns in the Old Town Hall.
D¢veloping ministry and mLS5ion partnership with other churches and organisations in the ¢ity* nation and world.
Notably attendan¢e to the Opcn Doors WoTld watch list launch at W¢stmin$ter.
5. Expanded the Safeguarding team witb an increased team and a broader set of policie$.

Redeemer Church NottlnghBm
Report of the Trustees for the year ended 31 December 2023 - Colltinued
6. In response to the ¢osi-of-living situation. we opened the buildin8 for Warni Space on Fridays.
Various Christian events took place in partner511ip with othe¥ churches.. Nottingham Youth Together. Worship aTtd
Witness for Redeemer and wilh CorneTStone Church inembers.
2.b Delivery of Public Benefit
Acts of Chnslian worship.. Open to tli¢ public on Sundays at 10..30 with music. singing, praying and pieaching. Up to
350 people meet in the morning. Childr¢n and Youth groups are provided for childiEn O-17 years old.
A number of niid-week 8roups are now running in the buildiDg- Redeemer WoLlleLI and Town Hall Tots (for loc
familie5 Wltli young children. The Young Adults group meets tnonthly.
3. The building ha$ been 115ed for a number of external events such as a weddjng foi the fiist time. repeat sessions for
the Broxtowc Council, and variou5 organisation events su¢h as a regular c￿lera club night on Thursdays, ad-hoc
meetings for mission agencies. In September we hosted another Open Day with approximately 6(Kl people attending
throughout the day.
4. We have a growing of Canionese speakers in th¢ ¢hur¢h with the PTovision of a 5ennon in Cantonese once
month, as well as hosting events such a5 Lunar New Year. To facilitdte iniegrJtion, Redeemer Tan a series of English
lessons.
5. At Christmas. we hosted carol serYi¢e$ lillcludin8 one for children), participated in the Beeston Christmas lights
switch on in froiit of the Old Town Hall, disiributed Christn￿S hanjpers to those ID need through local s¢h(K)Is as well
as ran our Christmas Escape. a PLizzlc-Ihemed evening to disrov¢r tl)e meaning of Christmas.
In partnership with People International, we Lontinued to support a Christian worker who teaches English and shares
the good news overseas.
7. As well a5 hosting the FIEC Leaders lunch in the Old Town Hall, the Redeemer trustees atiend¢d the FIEC
conference in Blackpool.
2.c Voluntary Help
The ChU￿h depends on every m¢TnbeT'5 active involvement in the life of the church. Volunteers lead many of the
ministries of the church.
On Sundays, around 3540 volunt¢eTS are needed to run ¢huJrh services IstewaTding and welcoming. music and
iechnieal operaiors, Redeerner Kids tea¢hEf5. providin8 tealcoffee and other responsibilities).
3. During the week. around 20 voluiiteers lead 10 Community groups that usually meet Ir members. homes having the
purw)ses of cotnmunity, discipleship. pasioral care and mission.
2.d Charit#ble aetivltles- Material fund ralsirtg
Giving to Redeemer 15 a matter for God and tlie believer. The leadership occasionally give guidance on this issue and leaflets
are available each Sunday morning. New membership candidates are interviewed by a ChurLh Elder durittg which givin8 js
dis¢u55ed.
A5 well as giving to the General Fund, appeals aTe Jnade for ¢on¢tibulions to the Building Fund for the purchase and
renovation of Beesron Town Hall. SigniFi¢ant funds were raised for thts pmject during 2021. and one-off giving also exceeded
expeciaiions through 2022 and 2023.
The church has an annual Chrisunas Appe41 for funds to support external organisatioll$15ee note 101. All the Money received
is sent out, in¢ludinB the Gift Aided tax reclajmed. No funds arc kept back w cover operating c08ts. No Lqrgets are set for ihe
appcal.

Redeemer Church Nottlngknam
Report of the Trustees for the year ended 31 December 2023 - Contthued
3. fillanck
evle
3.1 General Fund
The attached financTal 5tatem¢nts show the current state of affatrs. The Charity had total incoming re50urce5 duTill8 the year of
£490,78812022.. £ 467,677).
The Charity's gell¢ral reserve fund balance is £325,707 a5 at 31 December 2023. and the surplus for the year totaled £99.976.
The restricted fvnd balance held at 31 De¢¢mber 2023 tolald £1,647,555.
3.2 Poll¢y on reserves
The church's policy is to maintain 3 mOTaths' cash reserves equivalent to £98.88513 months general costs along with mortgage
payments) based on thc 2023 budget {iJiclusivc of £26,337 for mortgage payments which are partially met by restricied cash
resejvesl. The unrestricted reserves cash assets at the year-end amount to £325,707. The Trustees have clected to remove th¢
designation of funds. as tlie designated purpos¢ is no longer required.
3J Material furjds in deficit
There are iio material ￿ndS in overall deficit.
3.4 Principal funding sources
By far the main source of income for ihe church is the gifts of its ¢onwegation. Smaller sum5 of income from members of the
Cornerstone Longregation. Bank Interest alld Activities.
3.5 Inve$tments
The General Fund is held a¢ross a Barelays Bank current account and a CAF Bank curreni account.
The Elders hav¢ no restriction on their iT)VeStment powers subject to the approval of the church.
4. Plan
f r Futhrt Perl
Old Town Hall Renovation
The initial phase of the renovation of the Old Town Hall is now complete, Wlth tlie church now ineeting in the preinises. Futllre
phase5 of the work may bc completed. but are considcrably sinaller in scope. Doiiations rcceiwed in late 2023 will be put toward5
the decoration of further rooms and cort)pletion of the baltony in 2024.
S. Reference and Administr4tlve details {of the Chartty. its Tn￿te¢S and Advisors)
5.9 f4ame •f the Org4n55ation
Redee]ner Church Nottijjgham.
5.b Charity & Company regi$trntioll numbers
Charity Number.. 1184174
5.c Address of prlnclpal office
Old Town Hall, 29 Foster Avenue. Beeston. Nottingharn, NG9 1 AE
S.d Elders (Tru$tec51Directfjrsl at 31 Detember 2023
Petcr Brown. Pastor
Simon Lister
Sebastien Bonicel
Jarnes Clay
Siephen Tilson

Redeemer Church Nfjttingh&m
Report of the Tru$tee5 for the yeAr ended 31 December 2023 - Contknued
5.e Senlor Administr8tor
Graeine Stephen
5.f Otlter relevant organi58tions or persons
Banks..
B#r¢lay5 Bank PLC. Leicester LE87 2BB
CAF Bank, 25 kn.ttgs Hill Avenue, King Hill. West Malling, KcnL ME19 4TA
Independ¢llt Examiner..
Alexander Butterfield ACA. Haines Watts Nottingham Limited, Chartered Accounlants
Cliffe Hill House. 22-26 Nottingham Road, Stapleford, Notlingham. NG9 8AA
Solicitor IGen¢ral)-.
Edward Connor Soli¢itor5. 10 The Point, Market Harborough, LE16 7QU
truc
re Governance & Man8
ement
6.4 Cons¢AiutiOII
The church was established as a Charitable Incotporated Organi5ation in July 2019 with governing documents of a
Constitution and Churcli Handbook. Regi5tr#tion Nujnber 1184174.
6.b Method adopted for recruitment and 9PPOlntment of new Trustees (Elders)
All future Trustees aTE to be appointed following..
resolution of the TNstees ie¢ommendin8 a MembeT who tFL¢ets the requirements below-
the appmval of the proposed Trustee by a vole of two-thirds of the Members in General Meeting PTesetLt and voting,. and
confJm)ation of the rtew Trustee's consent to hold office and assent and consent to the Basis of Faith and the completion
by the new Trustee of the necessary pap¢rwort(.
The Tnjstees (who are also directors) Shall ¢ODSlSt of not le55 than three (these numbers include Mtnisterls and Assistant
Minislerls) me￿berS who display the characteristics required of the office in l Timothy 3..1-7 and Titus 1..5-9. All Trustees
musi be Mb embers. All Trustee5 Tnust subscribe and adhete lo. in belief alld lifestyle, the Basis of Faith.
6.c Polieies & procedures for the induction and training of Trllstees (Eldcrs)
New Tnjstees will receive=
A copy of the previou5 year's Tnjstees. Report and Financial Statements
A copy of the Constitution and Handbook
Copies of previou5 Trustecs, mreling minutes
A copy of the ¢uTrent year's financial foTeca5t or budget
Charity Commission CC3 - The essential trustee.. What you need to know
A copy of the Charity Governance Code
Copies of all the current up-to-date policies
A copy of ihe Risk Register
All new Trnstees will be invited io attend the R¢deemer Safeguarding TrainiTbg course (if not already trained)
6.d Organisatlonal Strueture
Full. A.f.¥ociaie andjunior A4ember.¥. The church d¢p¢nds on every member's Active involvement in the life of the church. The
Church musl hold an AGM and n￿Y hold furtlicr Gcnetal Mcclings during the year lo conduct the affairs of the Church which all Full
and Associate iylembers are entitled to attend. An AGM must bc held at Ica8t every 15 months. At an AGM the Membets rec¢iv¢ and
approve the accoiints of the Church (which shall be independenily audited) for the previous financial yeaT, receive th¢ Ttustees.
reJx)rt ort the Church'g a¢iivitics during the PTec¢ding 12 rnonihs pcnod, appoint auditors for th¢ Cliur¢h (if necessary), discuss and
determine any issues of policy or deal with any other busines$ put befor¢ them.

Redeemer Churth Nottffingham
Report of the Trustees for the yeAr ended 31 Deeember 2023- CoDtinued
Elder.fAip (Tn¥sfee$).' The thurch 15 led by the EldeTS and those setving during the yeaT aT¢ ITSted und¢r Refer¢n¢e and Administrative
D¢12ils. They are the only commjttec r¢quiT¢d under the Consiiiuiion 3nd take slrdl¢¥ic decisioiis concerning the organisation.
ChtsrLh Secre¢ury (Volunleer).. Simon Lister. As well as responsibility as an Elder. he is responsible for ensuring accurate record
keeping and appropriate revi¢w of T15k Management activities. He is rcsponsiblt for ChuTth Business Meelin8S* bul the coordination
is led by the Sr AdthiDistrator.
ChurLh Treosyrer (VoluFtseer).. Jonathan Green. Responsibl¢ for maintaining the accounts of the Church, P￿d processJn8 income and
expenditur¢.
Pasioi. (Staff).. Pet¢ BTown. As well as responsibility as P&stOT and Eld¢r. he chair5 the Eldership rnectings. He also has
pastoral. preM¢hing. servite leading responsibtlities.
Minis¢ei' in (Stafj).. Sam Payne 1$ a member of th¢ Redeemer Staff TeJtn, he has pastoral. preaching and service leadxng
Te5ponsibilities. He graduated from the Setninary Course at the CTOSSlands Acadeniy during the y¢ar.
SeniL>T Adntinijtraior (Stufj).. Gra¢￿¢ Stephen was apptsinted to thi5 role Jn January 2022.
Deacons.. Deacons are responsible foi leading church-wide minisiries. A5 of the end of 2023. the deacons ofthe church were
Katherine Bulleid, Kale Caldwell. Katie Clay, Rob Gor(lon. Jonathan Green, Ben Howell-Tliomas, Miriam Knight, Claire
Lister, Sam Payne. Chris Potts. Gemma Purcell, lan Purcell. Bethany Udoh and Dav¢ Udoh.
6.e Charity Nehvorks
Redeemer Church Nottin8ham i$ an iiidependcnt organisation and is not part of any wider network.
6.f Associated Charitles
The church is a member of the Fellowsliip of Independeni Evangelical Churches (FIEC). and the Midlands Gospel Partnership
IMGP). Thc ehur¢h actively partners with other like-minded ¢haiiti¢s and has particularly close links with Cornerstone Church
Nottingham, having been planted fTOm that church.
6.2 Rlsk MahA
ement
Th¢ Elders have delegated responsibility for establishing and reviewing a risk iegi5ter to a group comprisin8 of Simon List¢r.
Graeme Stephen. and oihei members of the ¢hurch including certain Dea¢ons. This IS then reviewed and approved by the elders.
The primary risks identified are..
Abiliry lo meet financial ¢ommitmcnts'. The church has been rnnning independently for a number of year5 and has
completed 3 Significant building project and met initial rnnning costs and rising mortga8e costs. Redeemer holds signifi¢an¢
funds and unrestricted incotne has been growing- but the needs of ihechurch requirc further staff appointments in the near tem.
Leadership and Succession.. The ¢hurch depends heavily on volunteer leaders, bllt this model has come under pressure with
significant growth numbers. There is a need to ensure adequate development of new volunteers to 5UPPOrt church growth and
planting in futUTe.
Safeguarding.. Abuse of atty kind woiild seriously damage the church and its witnes$ in the ¢ommunity. A safeguarding policy
is estAblished in line with thirtyone."eight's latest model and relevant snembers have been Irained in line with this policy. DBS
checks are also used as appropriate.
Public scandal.. Any legal action by suing or any public scandal would affect the ministry at Redeemer Church Nottingham. All
members in lead¢r5hip are ejicouraged to be humble and prayerful but given the vaTied nature and thc potential for fabricatiotLS
the ￿5t response after personal vigilance would be to address issues as they iiribe. An appTaisal process is in place for 8laff.
Compliance failure.. volunteers arer¢quired to understand complex requirements across a range of dimensions. Having appointed
a Scnior Administrator. the church has greatcr cap2city to help identify any pot¢ntial areJs wherr change tllight be required.
Cybersecurity- Technology Sys￿m$ are integral to certain &rea8 of church life and as 5ueh a cybersecurity incident could lead to
loss of data or disruption of ongoing operaiiotJa] a¢tLVltie5.

Redeemer Churth Nottingha
Report of the Trnstees for the year ¢nded 31 December 2023 - Contlnued
Trnstees, Res
nslbilitits in relation to the Fin•Ncial Staternent5
The Trustees are r¢spxJnsible for preparing th¢ Repurt of the Trustees and the Financial Statement5 in accordance with applicable
law and United Kingdom Generally Accepted Accountin&T Practice.
The law applicable to tharitie5 in England and Wales. the Charities Act 2011. Charity {Account5 and Reports) Re8ulalions 2008
and the provision of the Trust Dccd requiTC the TTUStees to Prepare financial stalcmcnts for each financial year which give a t￿¢
alld fair vi¢w of the 5tatc of atTairs of the Charity 2nd of th¢ incoming r¢sour¢es and application of r¢sour¢cs, including the
income and expenditure of th¢ Charity for the financial ycar. In preparing those financial statements, the Trustees are required
to..
Select suitsble a¢countin8 rK>licies and apply them con5j5tently'
Observe the meihods and principles in rhe appTopriate cliarities SORP:
Make judgements and ¢5timaies that are reasonable and prudcnt:
State whether applicable accounting SthndaTds have been followed, subje¢i io any mat¢rial depanures that must be
disclosed and explained in the financial statements..
Prepare the financial State￿¢￿tS on the going conLern basis unless it is inappropriate to piesurne that the cI￿ltY will
continue in operdtion; and
The Trustees are responsible forrnaintaining the proper accounting records, which di%clo%e with reasonable accuracy at any tim¢
the financial posstion of the Charity and to enable them to ensure thai the f￿an¢111 statements comply with the Chariries Aci
?01 l. They are also responsible for safeguarding the assets of the Charity and hence for thking iea&onable steps foT the
prevention and detection of fiaud and other irregularities.
This report has been prepared in accordan
ith the Statement of Recommended Pra¢ti¢e'. Account and Reporting by Charities.
SL8ned- Mr Peter Brown (Pastor} .
Date
R¢deemeT Church Nottingham
Old Town Hall
29 Foster Avenue
Beestort
Nottin8ham NG9 IAE
P88e 7

Independent Examiner's Report to the Trustees of Redeemer Church Nottitlgha
I repsyt to the trustees on my examination of the accounts of Redeemer ChuKh NottinghaTn for the year ended 31 December
2023.
Re5P0115Lbilities and b?$1$ of report
As the charity trustees you are responsible for the prtparaiion of the a¢¢ourtts in a¢¢ordance with the requiremertts of the
Chariiies Act 2011 {'the Act'l.
I report in respect of my examinaiioll of charity accounts CthTied out wider Section 145 of the 2011 Act and iti carrying out my
examination I hav¢ followed all the applicdble diie¢tiOll5 givffl by the Charity Commission under Section 145{5)Ib) of the Act.
Since the charity's gross income exceeded £250,000 your examiner must be a Fnember ora body 115ted in SeGtion 145 of the
2011 Act. I confjrni that l am qualified to undertake the exatnination because l am a member of the Institute of Ch2rtered
A¢couniants in England and Wales. which is one of the listed bodics.
Independent Examiner's 5tatem¢nt
I have ¢ompleted my examination. I confirni that no material Matte￿ have come to my attention in conrtectiort with the
examination giving me cause io believe thai in any material respect..
Accounting records were not kept to respect ofihe charity as required by Section 130 of the Act. or
The a¢¢ounts do not accord with those record5,' or
The account5 do no¢ comply with the applicable Tequirelnents concerning the form and content of accounts set out in
the Charities IAccout)is Mnd Reports) Regulations 21K)8 other than any rcquirernent that the accounts give a'true and
fair view, which Is not a tnatter consider¢d as part of an independeni examination.
I have Do concetn's and have COME acros5 no other matters in connectL(>ll Wlth the examination to which attention should be
drawn in this report in ord¢r to enable a proper undeTStanding of the accounts to be reachd.
Mr A Blltierfield ACA
Haines Watts Nottingham Limited
Cliffe Hill House
22-26 Nottingham Road
Stapleford
Nottillgham
NG9 8AA
Dale..
Page 8

Redeemcr Chureh Nottlngham
StatemeTht Of Financial Aetivities
for the Year Ended 31 December 2023
2023
2022
Unrestrl¢ted
Restrlcted
Toial
Tot¥1
Note5
Donations a[￿ LegBCi¢5
Other Iiicome
Hire Income
347,585
1,710
26J85
114,549
462.134
457.952
1,080
8.285
26,385
Income Chllriioble ALllviti¢s
Events Incojne
Investment Sncomc
245
314
245
314
207
Total IA¢omt
376 239
114549
490 788
467 677
endlture
ErFeiidilure Chariiuble AcÈiviiies
Operation of Rcd¢¢mer Church
alld deliv¢ry i>f Mission Costs
Events Expenditure
238,903
147.864
386.767
317,697
4.045
4,045
4.123
Totsl ExpeTkditure
242.948
147.864
390.812
321.820
Net Income {expen$e$l
net movemeRt in funds for the ye*r
10
3J3151
99,976
145857
Transfcr between fvnds
(86,4731
86.473
Fund bal¥Trct brought forward
t l January 2023
278.889
1,594.397
.873.286
1.727,429
Total fund5 carried forwArd
at 31 Deeember 2023
325.707
55
973 262
1873.286
The Statement of Financial Activities includes all g8Lll5 and105se5 in the year.
All incomin8 resource5. and resources expended deTive from continuing activities.
Page 9

Redeemer Church Nottlnghajn
Balance Sheet for the Y¢Ar Ended 31 December 2023
Note
2023
2022
Fixed Assets
Tangible Assets
2,587,310
2,592,074
Current A
Cash at Bank and in Hand
Debtors
Stock
223,437
34,696
107
150.939
40.777
258,240
191,716
Current Liabilltlcs
Creditors due within olle year
{84,471}
{77.1711
Net Current A$set5
Total Assets Le55 Current Liabllltles
173,769
2,761,079
114,545
2.706.619
Credltors
Amoullts falling due after more than on¢ year
(787.8171
(833,333)
Net Assets
1,973,262
1,873.286
The Funds of the Chari
UnTcstrict¢d
Genei'al
Designated
10
io
325,707
73.764
205,125
Restricted
10
1.647.555
1.594.397
Total Chgrl Funds
1973 262
1.873.286
The accounts were approyed by :_
Mr P¢t¢r Brow
Pastor)
Date
Mr Jonatlan Gr¢¢n {Treasurer)
Date
31?12.It
Page 10

Redeemer Church Nottingham
Cash Flow Statement as at 31 December 2023
Notes
21123
2022
T4et Cash from Operattng Actlvltles
15
140.351
1,117,649
C8Pitg1 Expenditure gnd Flnancial Instruments.
purchase of T&nglble Ffixed Assets
167,853)
11,353.6601
Net Cash Inflow (Ovfflow)
72,498
236,011
Balance of cash brou8ht folward
150,939
386,950
Increas¢ (Decrea￿) in cash in the year
72,498
1236,011)
Net Cash Resources at 31 December 2023
223.437
150.939
Pagell

Redeemer Church Nottlngbam
Note5 forming part of the Financial Statement
for the Year Ended 31 D¢c¢mb¢r 2023
ACCOUNTtNG POLICIES
The prin¢ipal accounting policies are summarised below. The accounting policies have been applied cortsistently throughout the
period.
BASIS OF PREPARATION
The financial statements hav¢ been in accordance with the Accounting and Reporting by Charities; Statement of
lie¢ommended Practice applicable to charities pieparing their accounts in accordanct with the Fitsan¢ial Reporting Srandard
applicable ill the UK and Republic of Ireland IFRS1021 (effective l January 20191- (Charities SORP IFRS10211. A5set5 and
liabilities are injiially recognised at historical c05t or transaction value unless otherwise stated in the relevant accounting policy
not¢lsl.
R¢deemeT Church NottinghaTn meets thc defjnition of a publlc benefit entity under FRSIO2.
The Trustees consider there ar¢ no maierial uncertainties about the charity's ability to continue a5 a 8Oill8 concern.
The financial statements are presented in 5terlin81£).
FUNDS
General Funds- are ￿ndS generated from activities of the church such as book$ralls, events. ouiside preaching. etc.
Unrestricted Funds - are general futtds available for use at ihe dIS¢￿tiOn of the Elders to further the general objectives of the
chuTch and which have not been designated for specific putws¢s. They are usually gifts from mejnbers of Ihe congregation and
the tax re¢overed on rhose ￿fts.
Restri¢ted Funds- are funds tbat Can only be used in accordance with specific restriction5 imposed by the donors or which have
beeii raised for particular puryoses with the objects of the church atml the tax recovered on those funds. Th¢ aim and us¢ of each
restrict￿ fund is set out in the Notes to the Financial Statements.
Designated Fund- this fund may be set aside during the y￿r by the Elders for a specific pury)05e.
INCOMING RESOURCES
All incorning resources are included in tli¢ Statement of Financial ActiYitie5 (SOFA) when the church 1$ legally eniitled io the
income and the amount can be quantified with reasonable ¢¢rtainty.
Collections are rectsgnised when received by or on behalf of the Elders. Planned giving is r¢cognis¢d only when received.
Income tax recoverable on Gift Aid donations is recogtjised when the donaiion has been ieeeived.
Legaeies are recognised at the earlier Of receipt or at the time the amount can be measured with reasonable certainty.
Donated services and facilities are recognised as income when the Charity ha5 control over the item, any conditions associated
with the donated item have been met, the receipt of economic benefit from the use by the Charity of the ttem is probable and
that c¢onornic benefit ¢dn be measured reliably. On receipi, dunattyj services and facilities are re¢ognised on the basis ofthe
value of the gift to the Charity whirh Ts th¢ amount th¢ ¢hatily would have been willing lo pay to obtain services or facilities of
equivaletjt economic benefit on the open ￿￿k¢t. a cotte5pondin8 amount is then r¢¢ogni5ed IT) eKpellditure the period of
r¢¢eipt, where this can be quantifEed.
Interest on fvnds held on deposit 15 included when receivable and ihe amount caTh be measured reliably by the ¢haTity', ttLiS IS
notmally upon notification of the interest pajd or payable by the bank.
Page 12

Redeemer Church Notdllgh#
Notes formill8 part of the Fhn&nclg1 Statement
ror the Year Ended.11 Derember 2023
RESOURCES EXPENDED
Expenditure is included oll 811 accruals ba&is and is recognised when there i$ a legal or consiruciive obligation to pay for
expenditure. All Cosis have been directly attributable to onc of ihe funcliortal tai¢gorie5 of ￿SOUrCe used in the SOFA. The
Church is not registered for VAT and accordingly cxp¢nditur¢ Is Shown gros5 of irrecoverable V AT.
PENSION POLICY
The charity operates a defined eontribution pension scheme. Contributions to the scheme are recognised as reSOu￿t$ expended
upon payment. The asset5 of the s¢heme are held separately from thos¢ of the charity in an independently administered fund.
Contributions payable for the year are shown within the sta*ment of fjnancial activities.
DEPRECJATJON
Fixed assets and their associated costs have been capitali$ed at cost. The dq>reciatlOD has been reviewed and is ¢alculated so &8
io write off the cost of fixeil as$et5 on the following basis. The cost of the original propety and land before developm¢nt have
not been depreciated as it is felt the current V21ue exceeds the ori8inal cost.
Propety developinent cost
2°h on cost
EquipmenL fixtt]res and fittings C05t
2011/0 straight line
DEBTORS
Debtors are r¢cognised at the settlement amount owed to the Charity or prepaid.
CREDITORS
Creditors and provisions are r￿OgniSed where the Charity has a present obligation resulting from a past event that will probably
result in the trnrtsfeT of ￿Thd$ to a third party, and the amount due to settle the obligaiion can be measured or estimated reliably.
Creditors and provisions are noTmally recognised at thear settlement amount.
FINANCIAL TNSTRUMENTS
The ChaTity has fJnan¢ial assets and finaneial liabilities of a kind that qualify a5 basic flnancial instrnments. Basi¢ financial
Instrutnents are initially recognised at transaction value and subseouently measured at their settlement value.
JUDGEMENT AND KEY SOURCES OF ESTIMATION UNCERTAINTY
The prep3fa¢ion of accounts using g¢nerally accepted accounting principle5 rcquires management to mak¢ estimate5 and
assumptions that affect the reported amounis of assets and liabilities at the date of the accounts and the reported amounts or
revenues and expenses during the reporting period.
The key estirnaies and assumption5 Used in th¢ Financial Statements are detailed in the aceountin8 policies.
LEASE AGREEMENTS
Rentals applicable to operating lease agree￿entS where substantially all of the benefits and risks of ownership remain with the
lessor are charged agaitLSt profjts on a straight-lin¢ basi5 over the period of the lease.
Trustee Remvneritloll #nd Related Party Transaetions
No emolumetjts were received by the Tjvstees either in their Capacities as Trnstees or as members of the BoaTd of Trustees { see
ote 4). There were no other enioluinents 01 expenses paid io any ot]ier Charity Inisiee. orpersons ¢onnccted with slleh a bwtee
directly or indirectly from the funds of the Cliarily or from the property of anybody connected with the Charity.
Page 13

Redeemer Church Flottlngham
Notes formlng part of the Financial Statement
for the Ye&r Ended 31 December 2023
2. DonatlOD4 Gifts and Leg#eie5 (Unrestricted)
2023
2022
General Givirtg and Gift Aid Recoverable
Gift Day
226.417
121.168
347.585
214,172
214.172
Donations Gift$ &nd Legaeie5 (Restricted)
Buildin8 Fund and Gift Aid Recoverable
Christmas Appeal and Gift Aid Recov¢rzbl¢
83,894
30,655
114,549
227,016
243 780
Total Donatlons
462 134
457.952
3. Total Salaries & Staff Summary
2023
2022
SalaTies
Employer's Nl
Pension
Expenses
97,000
10.485
9.825
1,143
118,453
87,719
9,357
9.266
3.037
109.379
Average Weekly Yumbtr •f Ernploye¢& calculated A$ full tirne equivalent5
Pastoral Staff
{No cmployee received r¢muneration of more than £60,000)
The number of employees to whom retircment benefits were accruing wa5 as follows..
Defined Contributions Schetne
The key InanageTnent personnel of the charity, eornprised the eld¢r- pastor. Peter Brown. The ¢othl key management personnel
of the charity were £53.586 {2022.. £52,617).
Trust¢es giving in the financial year tolalled £145,699 (2022.. £147,768).
Trnstees reimbursement of expens¢s Ill the year iotalled £l.050 (2022.. £NILI
4. Trustee Remuneratioth
A trus(ee is remunerated, as peTtnitted in the Memorandum and Articles of Association - thi5
includes salary, pellsiort and expenses. The expenses are incurrcd as a direct result of their wo
and in¢lude otTice and travel expenses.
2023
2022
Peter Brown
liernuneration {salary and ERS NIC)
Pension
Expell5es
49,934
3,652
49,080
3.537
3.037
55.654
Page 14

Redeemer ChuTch NottiNgh#m
Tr4(btes form5ng part of the Flnanelal Stgtement
for the Ye#r Ended 31 December 2023
5. ExpendRture on Charitable Activities
2023
Restricted
2022
Total
Unrestrl¢t¢d
Total
Salaries (Note 31
Overseas Missions (see noie 13)
Equipment
Building Running Costs
IT Subscriptions and Computer Costs
Stationery. Ptinting and admin costs
Hatdship Fund
Miscellaneous Costs
Refreshrnents
Mcdia Costs
Ministy Costs and training
Insurance
Redeem¢r Kids
IdepeDdent Examination fee
Bank charges
Advertising costs
Depreciation
Donations- ChTj5tmas Appeal
Licence and Affjliation Fees
Legal Fees. including bank loan fee
Interest on bank loan and chaL"¥es
HMRC Interest
118.453
4.800
1,785
62,599
2,765
4,090
3.522
352
1.185
106
6,483
1,372
424
3,150
275
2.057
21,555
118.453
4,8(X)
1,785
62.599
2,765
4,090
3,522
352
109.379
4,000
237
43252
1.952
38
643
93
7,104
8,296
,992
3,000
106
6,483
1,372
424
3.150
275
2.057
72,617
30.615
2.952
517
66,187
461
386.767
82
66.845
29.107
3214
8.960
26.382
51,062
30,615
2.952
517
66,187
461
238.903
147,864
317.697
5.2 Evcnts
Catering
Evangelistie Events
nditure
382
3.663
4.045
382
3.663
4.045
336
4.123
eratln
Profitl Los5
The operating profitl{Ios5) 15 Stated after charging:_
2023
2022
Llldependeni Examination Fee
For otli¢r setvices
3,150
435
3,000
540
6. T8ngible Asset and Depre¢Sation
C05t of
Property
& Land
C05t or
Property
Development
Equipmett¢
& Vixtures
Tot*1
Cost at 31.12.2022
Additions duTing the year
Balanc¢ at end of year
425,000
2,122.096
122.016
24.530
146.546
2.669,112
67,853
2.736 965
425 000
2,165419
rc¢iation
Depreciation brought forward at 1.1.2023
Depreciation during the year
Baiance at end of year
42.442
43.308
85.750
34.596
29.309
63,905
77,038
72,617
149,655
Net Book Value {NBV)- 2022
Net Book Value {NBV)- 2023
425.000
2,079,654
2,079,669
87.420
82.641
2.592,074
2.587.310
Pfjg¢ 15

Redeemer Church Nottlngham
Notes formin8 part of the Financial Statement
for the Year Ended 31 December 2023
7. Debtor
2023
2022
Gift Aid Recoverable
Prepayments
Trade Debtors
Other Debtors
26,024
1,653
2,221
4,798
35,805
1.017
3.955
8. Creditor- Due wlthin 12 rnonth5
Trade Crcditors
AccrL]al
Other Creditors
Bank Loan Account
7.953
9.523
3,118
19,065
138
16.301
Creditor5: Amounts f#Uing due after more than l year
2023
2022
Bank PropeTty Loan5 1- 2 years
Bank Property Loans 3 -5 yeaTS
Bank Property Loans after 5 year5
63.877
191,631
532 309
787,817
62,500
187.500
583 333
833,333
Secured Debts
2023
2022
Bank Loans
£875 000
The bank holds security in th¢ forni of a fixed and lloaiin¥ char¥e over the asset of RedeetneT Church. in¢luding th¢ property at
Old Town Hall. 29 Foster Avenue. Beeston. Nottinghain. NG9 1 AE.
Loan interest is charge at 3 /0 per annum above the base rate and is for a 15 year period. A gllorantec has been p￿Vided by
Cornerstone Church, bee note 14.
The purchase tsf the property known as the Town Hall Beeston for £425.000 took place in the year erkded 31 Decetnber 2020.
Flnanei&l Commltments
In Septcmber 2022 the charity commenced a lease for a photo¢opiei at# ¢ost of £1.944 PeT annutn, the lease run5 until Septembet
2027.
9. Analysis of Net Assets behveen funds- 2023
Total
unds
General
Funds
82,641
258.240
(15,1741
RestrRcted
Funds
2.504.669
2023
2.587.310
258.240
(84.4711
787 817
1973 262
FiKed Assets
Current Assets
Current Liabilities
Long Tenn LiAbilitie5
Nel Assets at 31.12.23
(69,2971
787,8171
1647 555
325 707
Analysls of Net Assets between fund$- 2022
Total
Funds
2022
2,592,074
191,716
177,171)
833 333
1873 286
General
Funds
87.420
191.716
(247)
Restrlcted
Funds
2.504.654
Fixed Assets
CuTTent Assets
Currellt Liabilities
Long T¢rni Liabilities
Nei Assets at 31.12.22
176.924)
833 333
1 594,397
278 889
Page 16

Redtemer Church Nottlngbam
Note$ forming p8rt of the Fin8nci&I St8tement
for the Yur Ended 31 December 2023
10. Restrlcted Funds- 21123
Balance al
31 December
2023
B919nce at
1.1.23
ID¢ome
Eipenditurt
Trxnsfers
Building Fund
Christtnas Appeal
1.590,233
4.164
1.594.397
83.894
30.655
114.549
117.249
30.615
147.864
86,473
1.643,351
86,473
1,647 555
Re5tritted Funds- 2022
Balance at
31 December
2022
BalÈnct at
Joeome
Expendlture
Building Fund
Christmas Appeal
1,445,928
16,507
1,462,435
227.016
16.764
243 780
82,711
29,107
1,590,233
4.164
1.594.397
Us¢ of Funds
Building Fund- To receive monies to aid with the development of the fown Hall Project and associated costs. Monies held
at 31 December 2023 tolalled £1.643,35112022.. £1,590,233).
Christmas Appeal- To support the work of Hope Nottingham, Hope Into Action IBee5ton) and Open Doors {Syria) and Safe
Families.
The balanc¢ held at 31 December 2023 wa5 £4.2(W (2022.. £4.164).
11. T2xation
The chaTitable company is exernpt frojn CorporationTax on its charitable activitie5. The Elde[5 have reviewed Redeemerchurch
Nortingham's a¢tivitie5 and are confjdent ihat they fulfil charitable aims and as such are considered tt> be forthe prii]Vdry purpose.
12. P¢n51on Commktments
The charily contributes to 8 defined contribution pension 8cherne. The assets are held and administered by tndividually
stlected pension provideTS. The pension eost ¢harg¢ represents conthbutions payable by the ¢hariry io ihe pension s¢h¢me and
aTnount5 to £9,82512022.. £9,266).
13. Overse&$ Mls$lOll
Monies paid for all overseas worker aTe paid thorough an agency known as People Intthnational.
14. Related Parties
Rcdeemer Church Nottijjgham was established in the west of the city using resources of Cornerstone ChurcK both money and
people. All monies held were transferred to Redeemer Church Nottingham during a prior financial period.
The costs to develop the Town Hall to date are £2.17 million pounds A loan has been obtsined from CAF Bai]k for £875.000
which has been guaranteed by Cornersione Church for thc redevelopmeni of Beeslon Town Hall.
There are no other related parties to disclose.
Page 17

Redeemer Chureh Trlottlngham
Not¢$ for￿illg part of the Financial Statement
for the Year Ended 31 D¢¢¢mb¢r 2023
IS. Cgsh Flow Statement
2023
2022
Net Incorning Resources
99.976
145.857
Adjustsnents'.-
Depreciation Chaige5
(Incre3sell Decrease in Debtors
(In¢rea5ell Decrease in Stock5
IncreaseJlDecreasel in Creditors
72.617
6,081
11071
66.845
72.154
832 793
140,351
1.117.649
Page 18