Redeemer Church Nottinghim TRUSTEES, REPORT AND FINANCIAL STATEMENTS For the Year Ended 31 December 2025 Charity Number I 184174 Rede¢mtr Chureh NottiDgharn Report of the Tntstets for th¢ year ended 31 December 2025 The Tru5te¢s are plcased io present their annual report and fiJwi¢iai siaitments for the year ended 31 December 2025. The rinancial statements comply with the ChaTlties Act 2011, the Mcrnorandum a￿1 Articles of Assotialitsn, and Accounting and Rewrting by Charities.. SLqtemeni of Re¢ommendcd Praciice applicable to ¢haritiC5 preparing their accounts in accordance with Financial Reportin8 SiandaTd applicable in Ihe UK and Republic of Ireland IFRSL021. Elders, Report "l ajways thank my God for you because of his 8fdee givert you in Christ Jesus." I Corinih£ttllY J..4 We are grateful to the Lord for his generou5 provision for us this past year and thankfjjl for ihc different ways the church family serve so faithfully. The following report is ie$tirnony to the manifold ways God coniinues ts) supply us with his gTa¢e. On Sundays we contirtued to pr¢ach through the scripiwes with series in Exodus Ich20-40}, Acts Ich19-281, Ruth, l John and I Corinthians. Around 350 pwplc now gather for WOT5hip week by wcck, and church membershtp has grown 5*adily. Our lif¢ together must always be rooted and built up in Christ. In May we were delighted lo be able to appoiTLt Wi150n Siu 25 our Caniottese Ministry Worker. It is a SOUT¢e of great joy to have such an international fellowship. a laTge number of whom have ¢ome from Hong Kong. We long to see many of our broihers and sister5 being granod indefinite leave to remain. It was also a particular ¢ncourdgemenL in Scptember, to baoise two of our te￿agerS and to see 50 many friends and familyjoin us for Ihc oc&tsiort. Many manbers of the church serve faithfully and fruitfully in our children's and you¢h minisiry and days like this are a great celebration. One notable areaof work for u5 has been to explo￿ a church revilalisation project in Stapleford. Funds were raised at OUT gift day to ¢nable u5 to appoint a church reviialisation pa5tOT for this work and we look forward to seeing thi5 continue io take shape in th¢ year ahead. OUT building, the Old Town Hall, 5ee5 a great dea] of use throughout th¢ week and our operations staff enable much of this behind the scenes. We are bl¢ssed to have such a committed Staff t¢am who regularly go the extra mile. We were also appreciative of those involved, durin8 the year, in our pastoral care review. Loving and supporting one atjorher ts an important part of chut¢h lif¢. We look forn'ard io contittuing to grow dccpcr in our relatiottships with one another and w'ith the Lord. Our great desiie in all that w¢ do is to continue to be gospel centred, growing tO8ether and making Chri$1 knowi. To this end wt latour w21h the strength God suppljesl Peter Brown Pastor On behalf of the irustees of Redeemer Churth Not¢iDgham Pa8e I Redetmtr Church Nottingham Report tsf the Trustee5 for the year ended 31 December 2025 {Colltinutdl POSESAND A VITIES In working toward5 the objectives below, the Trustees have considered the Charity Commission's guidance on public benefit and have worked toward$ mak-ing Rede¢mer Church Nottingham as accessiblc as possible lo all th¢ community. The Trustees confirm that they have cotnplied with their duties under stttion 17 (5) of the 2011 Charities Act with regard io public benefit. l.a Objective5 The advancement of the Chrisitan faith in accordance wilh the basis of faith, primarily, but not exclusively within Nottingharn and the surrounding ncighbourhood,. and Such other chariiable purwses as shall, in Ihe opinion olthe ¢harity tru5tt¢s, put into practice the Christian faiih in accordance with the basis of faith, including, bui not litnit¢d to.. The prevention and relief of need, hardship and sickness.. I'he advancement of educatton., and The provision of facilities in the inteie5ts of social welfare for recreation or other leisure tim¢ occupation of individua15 who have need of such facilities by reason of their youth, age infjmiity or disability, financial hardship or social circumsiancts with the object of improving their conditions of life,. provided that the advan¢eTn¢nt of such purposes must be undertaken in a mantjer that is consi5t¢nt with th¢ doctrinal disiinaives, and ethical suemenls as may be 8dopied and amended by the chuT¢h from time to time in accordance wtth the provisions of the hurch handbook. l.b Alms Vtsion: Gospel ¢enlred. growing tO8eth¢r, making Christ kt)own Mission.. Serving God's mission of reaching people of all n￿lOn$ by pianiing churches. Values S¢¢irtg the Gospel gffettimg ¢verything By leaching the Bible clearly By praying in the Spirit per515tently By serving Christ wholeheartedly Growing together in Christ By welcoming and being atte55Lble to all By caring for one Mnother By spcaking rhe truth in love Sharing the Cood News of Jesus By blessing our neighbours through G05p¢I demonstration By exiending God's kingdom though Gospel declaration By discipling p￿pIc of all naiions to be di5ciple-makers ACHIEVEMENT AND PERFORMANCE 2.a SignitltlDt Aetlvltles during the ye*r Ongoing delivery of Sunday services and a550Ctated group activtties. Our service continue5 to be available Onli￿ via zoom ea¢h week. Our Sundavs saw two child ihanksgiving5 and a baptism service throughoui th¢ year, a5 well &5 5¢rvices thai highlighted the work of a number of different Christian organisaiions. 2. The weekly Sunday prayer meeting coniinues every week. We also rart two w¢ekday morning devotional and prayer series. one in January 10 focus on the start of a new year. and one in May. Midweek ¢onJmunity groups helping peopl¢ follow Jesus in particular as￿Ct5 of life. Page 2 Redeemer Church Nottlngha Report of the Tru$tte$ for the year ended 31 Deeembtr 2025 (Continued) 4. Developing Tllini5try and rnission partnerships with other churches and organisations in th¢ ¢iiy, nation and worlnsibilities) Page 3 Redeemer Cbureh Nottlngham Report of th¢ Tru$tses for the yeir ended 31 D¢e¢mbtr 2025 (Continued) DuTing Ihe week, 25-30 voluntecrs lead I I community 8roups Ihal UsU￿1Y meet in tntmbeT5' horne5, having the purposes of cotnmunity, discipleship, pastoral care and mission. We also have a team of volunteers who are Teswnsible foT running 2nd leading the Wami Weleome Space each week. 2.d Charltable Aetivltks- material fund rxl$lng Giving to Redeemer is a matter for God and the believ¢r. The leadership occa5tonally gives guidance on thi$ issue. and leafiets 9Je available each Sunday morning in our welcome pack5. New membership ¢and5dates are inteTview¢d by a church elder, during which giving 15 also discussed. As well as regular giving to the general fvnd we also have an annu81 giving day to raise additional funds for proj¢c15 and new ministry opportunities. The church has an annual Chrisimas appeal for fi￿d5 to support exteml organi5ations Istt tK>te 101. All the moncy received 1$ 5￿t out including the gift aided t&x r¢claimed. No fvnds are kept back to cov¢r operating costs. No taTgets are set for the appeal. FINANCIAL REVIEW 3.1 Centr91 Fund The attached financial statements Show the current state of affairs. The charity had incoming regourtts duTing the year of £597,23112024.. £567.693} The charity'$ g¢ller￿ re5erv¢ fi]nd balance is £394,853 &8 at 31 December 2025, and the 5UTpIu5 for the year totalled £131.672 The r¢5tricted fund ba]on¢e held otl 31 Decernber 2025 totalled £1,813.379 32 Poliey OD reservts The chuTGh's wlicy is to mainiain 3 months, cash reserves. equival¢TLI tu £121,36913 tnonths general costs ￿ong wilh mortgage payments) b&scd on th¢ 2025 budget (inclusive of £27,795 fi)r mortgage payments which are partially mei by resiri¢t¢d wh reserves). The unrestriaed reserves cash assets at the year-cnd amount to £394,853. 3.3 Materlal fvnd5 in defKit There are no maierial fiJnd$ io overall defjcit 3.4 Principal funding $our¢es By far the main source of income for the church is the gifts of 115 wngregation. Smaller sums of income are received from members of the Cornerstone congregation, bank interest and activities. 33 Investments The fund5 of the church are held a¢ross a Barclays Bank Current account, a CAF bank current a¢coun¢ 8nd a Kingdom Bank deFQSiI a¢¢ount. The elders have w restriction on their investmeni p)weis subject to the approval of the Church. PLANS FOR FUTURE PERIODS In the medium term, futUT¢ prioritie5 of the church will in¢lude.' OngoinE invesiigaiions into church planting or church revitalisation The appoiniment of 2 Pastor to lead a church reviialisaiion work in another part of the city. Coniinued redevelopment of church facilities, such &s the kitchen The in$iallation of solar panels on the flai aiM)v¢ the auditorium Page 4 Redeemer Chureh Notthngham R¢port of the Trustees for the year eTrdtd 31 D¢ttmbtr 2025 (Continued) S. REFERENCE AND ADMINISTRATIVE DETAILS lof the charity, Its trustets snd advlsorsl Name ofthe orginisition Rcdeemer Church Nottingham Charity registratlon number Charity nU￿ber 1184174 Address of prInei￿1 offi¢e Old Town Hall, 29 Foster Avenue, Beeston, Nottingham. NG9 IAE TnJ$t¢es IElder51 at 31 Detemb¢r 2025 Peter Brown, Pastor Simon Lister Seba51ien Bonicel James Clay Stephen Tilson Samuel Payn¢, Assistant Pastor Operations Mangger and Chur¢h SecTelary Graeme Stephen Other rekvgnt OTganisations OT per50 Bank5 Barclays Bank PLC, Leicester. LE87 2BB CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Malling. Kent. ME19 4TA Kingdom Bank. Media House, Padge Rd. Beesion, Noiiingham NG9 2RS Independent Ex•mlner Mr Malt Brady FCCA, TC Group (Nottingharn), Chartered Accountdnts Cliff¢ Hill House. 22-26 Nottingharn Road. Stapleford, Nottingham. NG9 8AA Solltltor5 (Generall Edward Connor Solicitors, 10 The Point. Market Harborollgh. LE16 7QU 6. STRucfuRE, GOVERNANCE & MANAGEMENT 6.4 Constltu¢l¢n The church was establi5h¢d as a Charitable IncorpDrated Orgartisation in July 2019 with governing documents of a constitution and church handbook. ReBi%traiitsn number 1184174. 6.b Method adopted for recruitment xpp)intment of ntw Trustees {Elders1 All future Trustees are to be appointed following.. A resolution ofihe Twsiee5 r￿0[n￿endIllg a member who tneets Ihe requittmenis below. The approval of th¢ proFosed Trustee by a vote oltwo-thir(Ls of the members in generdl meeiing presenr and voiing; and Confimiaiion of the new I rustee's consent io hold offi¢¢ and a5s¢nl and consent to the Basis of Faith and the completion by the new Trustee of the ne￿$sary pèpenvork. The TTU51¢e5 5haJl consist of not less than thrte {thes¢ numbers include Ministerls and Assistani Minisierlsl members who display the chardcleristics requiTed of the office in l Timothy 3..1.7 and Titus 1..5-9. All Tru5t¢e5 rnU5t be m¢mber5. All Trustees must substtibe and adhere to, in bclief and lifestyle, the Basis of Faith. Page S Redeemer Chureh NottiRgh*m Report of the Tru$tee5 for the yegr tnded 31 Decernber 2025 (Contlnuedl &c Poliei¢s & PTocedurts for the inductlon tr*ining of Trustee$ (Elders) New Tr￿e¢S will receive.. A copy of the previous year's Truste¢s' report and Firwici8] Ststements A copy of the Constitution and church handbook Copies of Previous Trustee5' m¢eiing minute5 A copy of the Current year's fjnancial forecast or budget Charity Commission CC3 - The Essential Trustee.. What you need to know. A copy of the Charity Gov¢man¢e code Copies of all the current up-tfrdak wli¢ies A copy of the risk regis All new Trustees will be invited io a¢*nd the Redeemer Safeguarding Trainirtg tourse lif not already trained) 6.d Organisation¥l StruttUTe F¥ll. Associate andJunior meFnbers'. The church d¢pend5 on every member's active involven)eni in the life of the Church. The ¢hur¢h must hold an AGM and may knld further Gencrdl Meeting5 during the year 10 cottdu¢t the affairs of the church which all Trull and Asso¢iaie members are etjtiiled to attend. An AGM must be held ai least every I S months. At an AGM, the rn¢mb¢rs receive and approve the accounts of the thurch (which shall be independently audited) for the previous financial year, receive the Tru￿e¢S. report on the church's activities durin8 the pre¢eding 12 month perjod, appoint auditor5 for th¢ church lif necessary), discuss and determine any issues of ￿lIcY or deal with any other bu$ines5 Put kfore rhcm. Eldershlp (frnsiees).. The ¢hur¢h is led by the Elders and those serving duTing the year are listed under reference atld athDinistrative details. They are the only committce required under the constitution and take S¢rat¢gic d¢ci5ion5 concerning the orwisation. Church freasurer {volunleerJ.' Jonathan Green. Responsible for oversight of the ac¢ouDt5 of the church and PTesenlin8 mana8etn¢nt accounts to the Trustee5. Paslor (siajn.. Pete Brown. As well &% reswn5ibility as Pastor and Elder. he chairs the Elder5hip meeting5. He also h&$ pastoral, Pr￿hing, and 5crvice leading responsibilities. AsSiSiiJnl Pasior (sialn.. Sam Payne. As well as ￿SponSIbl1lty as an Elder, he also ha5 pastoral, preachtn8, artd service leading Tesponsibiliiies. Owroiion5 Malwggr (si(trTr.' Graerne Stephen. A5 well as having resFK)n5ibility for day-to-day oreTalioto1 matter5 and church rnanagemeni, he a150 acts as Church ge¢￿trary. beirjg responsible for ensuring accurate record kteping and appropriate review of risk managem¢ni activities. He is a150 r¢s￿nsible for the coordination of church business meerings. Dedct)ns.' Deacon5 8Je responsibl¢ for leading church-wide ministries. As of the end of 2025. the deacons of the church were.. Katherine Bulleid. Kale Caldwell, Katie Clay. Jonathan Green, Ben How¢ll-Thomas, Miriam Knight, Claire Lister. Chris Potts, Gemma Purcell, lan Purcell, Bethany Udoh. Dave Udoh. 6.e ChArity NthvoTk5 Rthmer Church Nottingham is an independent organisation and is noi part of any wider network. 6.f A$soci*ted Ch*rities The church is a memiw of th¢ Fellowship of Independent Evangelical Churches {FIEC} and ihe MÈdlands Gospel partnership (MGPI. The church actively partners With other like-rninded charities and has particularly close links with Cornerstone Church Nottingham, having been planted from thai ¢hurclL Page 6 Redeemer Chureh Nottingham Report of the Trn5tses for the year tndcd 31 December 2025 Icontinutdl 6.g Risk Thanagement E¥h year, the elders approve a risk regiskr whi¢h has i*en drafted wirh th¢ input of other5. The primary risks ideniified ttre.. Abllliy to meet fiDalltlAI eommitments.. the chur¢h has b¢¢n running independently for a number of years and has completed a significant building project and met initial running ¢0515 and rising mortgage costs. Redcerner holds signifi¢)nt fund5 and unrestricted income been growing- the aprrf)inthieni of 2 new members of staff during 2025 has been accounted for within the budget. Lt4d¢nhip and suttessioth.. Th¢ church depends heavily on volunteer l¢ad¢rs, bul thi5 tnodel come under pressure with significant growth in numbers. There is a real need to ensurc adequate development of new volunieets io supptsrt ¢hurdJ growth and planiing in future. SgfeguArdlng." Abuse of any kind would 5¢TiOUSly damagt the ¢hurch and its witness in the community. A safegu￿dIllg policy is esthblIsh￿ in line with Thirtyone.'Eight'$ latest model and Televani memb¢rs have ￿en trained in line with this policy. DBS checks are also u5¢d as appropriate. Public scgndgl.. Any legal aciion by suing or any public scandal wtsuld afftci the ministy at R￿leeMe[ Church Nottingham. All members in leadership ar¢ entourag¢d to be humble and prayerful but given the varied nawie and potential for fabrications the besi iesponsc after personal vigilance would b¢ to address issues as ihey arise. An appr￿saI process is in place for all siaff. CDmpli¥nce failure.. volunteers are required to understand ￿rnpleX requirements across a range of dimensions. H2vinB appointed an Opcraiions Manager, the chuich has greater capacity io help idenlifv any potential are&s where chaDge tnighi be required. Cyber5e¢urity: Technology systems are iniegrdl to certain arw of church life and as such. a cyb¢rs¢¢uTity in¢ident could lead a Ioss of data or disruption of ongoing operational activilics. 7. TRUSTEES RESPONSIBIL TTIES IN RELATION TO THE FIiYAf4CIAL STATEMENT The Trustees are reswnsible for preparirtg the Report of the Trustees and the Financial Statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Praaice. The law applicable to charitics in England and Wales the ChaTitie5 Act 2011. Charity (Accounts and Reports) Regulation5 2M8 and the provision of the Trust Deed r¢quire the Trustees to prepare fjnancial stsiemeni for each yeaT which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources, including the iR¢ome and expenditure of the Charity for the financial year. In preparing th05¢ financial Statements, the Tr￿￿ee$ are requ2r¢d to.. Select suitable accounting rolicies and apply them consisienily., Observe the methods drtd principles in the appropriate charities SORP., Make judgm¢nt5 and estimaies that are reasonable and wudent- State whether applicable accountln8 Stand3rds have been followed, subje¢1 to Any material departures ihai musi k disclosed and explained in the flnanci￿ siatements. Prepare the financial statements on the EOit)g Concern basi5 unless it is inappropriate to presume that the charity will wntinue in opetation., and The Trustees are restx)n5ible for matntaining the proper accounting records. which disclose with r¢asonabl¢ accuracy at any lime the financial position of Ihe thari¢y and to enable ihem to ensure that the financial stateTnent5 comply with the Charities A¢t 2011. 1.hey are also responsible for safeguarding th¢ 355¢t5 of the charity and herKe for tsking rewnable steps for the prevention snd deieciion of fraud and other irTegulArities. Page 7 Redeemer Churth Nottingb8 Report of the Trustees for the year endtd 31 Detembtr 2025 IContinu¢dl This report has ￿e¢l prepartd in accordance with the Statement of Recommended Practice.. Aetounting and Reporting by Charities. Signed- MT Peter Brown {Senior Pastor & Elderl Date Redeemer Church Noitiogham Old Town hall 29 Foster Avenue Beesion Nottinghain NG9 IAE Page 8 IDd¢pendent Examiner's Report to tht Trusttts of Redeemer Church Nottittgh# I report to the tru51e¢s on my examination of th¢ ¥count$ of Redeemer Church Nottingham for the year cndd 31 December 2025. Respon5ibilifies and basts of report A$ the ¢haTSty trust¢¢s you are responsible for ihe preparAliort of the accounts in accordance with the rcquirements of the Charities Act 2011 I'the Ad'l. I reptsrt in respect of my examinaiion of ¢harily accounts carried out under Section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable direction$ given by the Charity Commissson under Section 14515}Ibl of the Act. Since the charity's gross incotne exceeded £250,000 your examirter must be a memiw of a Lx)dy listed in Section 145 of the 2011 Arl. I confirm Ihal l am qualified to undettske the exattLinatiotL iKcause l am a member of th¢ A550ciation of Chartered Certified Accountanrs, which is one of the li51ed bodies. Ind¢p¢ndent Examiner'5 Stattment I have ¢OTnplet&J my examination. I wnfimj ihat no materid matters have come to my attention in connection with th¢ examination giving me cause to believ¢ that in any maoria] respect.. A¢counting records were WL kepi iti respect of the charity required by Section 130 of the Act.. or The accounts do not ac¢ord with those records,. or The accounts do not comply with th¢ appliLable requiTertLents Concerning the fonn and content of accounts set out in the Charities (Accounts and R¢ptrrLs1 R¢gulalions 2008 other than an>. requirem￿1 that the accounts 8ive a'true 2nd fair view, which is not a matter considered as part of an independerti exarnination. I have no concerns and hav¢ corne acr055 no other matters in connection wilh the 0￿MinatIOn to which attention should it drawn in ihis report in order io enable a propeT understanding of the account5 to be reach¢d. Mr M Brady F TC Group Cliffc Hill House 22-26 Nottingham Road Siapleford Notlingham NG9 8AA CA Page 9 Redeemt* Chyr¢h Nottlnghgm Statemtnt of Finincial Activitits for th¢ Y¢4r Ended 31 Dtetmber 2025 2025 2024 Unrtstrl¢l¢d R¢strl¢i¢d Total Tot*1 No1¢5 In¢ I)Qn￿lon5 4nd Lega¢ies Other Incorne H￿¢ In¢om¢ 461.168 1,668 43.517 87,650 548.818 1,668 43,517 526.148 1,690 34.709 1￿coM¢S￿o￿ CknriMbleA¢ityilies Events Income Invc5th1¢ni Income 3,585 Totsj Income 509581 597231 567 693 eDditu Expemliitire ChgriobleA¢ityitses Operaiiort of Redee￿tr Church and d¢ltv¢ry olmjssion Costs Events Expenditure 330,125 127,621 457,746 459,378 7,813 7.813 5,017 Totzl EAptnditttrt 337 938 127 621 465 559 Net Intomt Itiptiise514nd net mov¢meni ltt (unds for thr year 171.643 399711 131672 103 298 TTgU5f¢r b¢nv¢en fvnds 1124,5921 124,592 Fund ba]an¢¢ broughi forwArd at l Jall￿ry 20Z5 347,802 1,728,758 2,076,51A) 1,973,262 Total fund5 Lqrried forn•rd 8tJl De¢embtr2025 1813379 2.076.560 The Statement of Financial Activities includes all gains and Ios5e5 in the year. All incomin8 resources, and resouT¢es expended derive from continuing activities. Page 10 Redeemer Church Nottingh*m lance Sheet for tht Yv4r End¢d 31 December 2025 Note 2025 2024 Fixed Assets Tangible Assets 2,631.965 2.610,086 Current Asset$ Cash at Bank and in Hand Debtor5 Stock 385,864 16,126 331.695 35,643 401,990 367,338 Current Li*bilities Creditor5 due within one ytar 152,489) {83,2701 Net Current A55ets Total A55ets Le55 Current Liibilitie5 349,501 2.981,466 284 068 2,894,154 ditors Amounts fallin8 due after more than one year 1773,234) 1817.5941 Net Assets 2 076 560 The Funds of the Chari Unrestricted General Designated io io 394,853 347,802 Restricted 10 1,813,379 1,728,758 Tt Ichar Funds 2,076 560 The a¢¢ount5 were approved by :_ ter Brown {PastOTI Date than Green {Treasurerj Date Pagell Redeemer Chureh Nottingh#m CA51t Flow Statement 4$ at 31 Dtctrnber 2025 Note5 2025 2024 Net C*$h from Operating Aetivities 160,013 208.570 Cxpitxl Exppnditure and Fln&ntlil Instru￿¢￿ purchase of Tat)gibl¢ Fixed A55ets 1106,744) 1100,312) S#le of TangÉble Fixed Assets 900 Ne¢ Cash Inflow {Outnowl 54,169 108,258 Balance of cash broughi forward 331,695 223,437 In¢rease IDecrea8el in cash in the year 54,169 108.258 Ish Resourtes at 31 Det b¢r 2025 385 864 331,695 Pa8e 12 Rtdetm¢r Church Nottingham Notes formlttg p4rt of iht Financial Ststement for the Year Ended JI Dtotmber 2025 ACCOUNTING POLICIES The principaI accounting policie$ a￿ sumTnarisa klow. The accounting ￿lICIeS have been applied consistently throughout the period. BASIS OF PREPAJL4TION The financial statemenis have been in accordance with the Accounting and Reporting by Charities,. Statement of Recommended Pra¢ii¢e applicable to charities preparing their accounts in accordance with the Financial Re￿rtIng Standard applicable in the UK and Republic of Ireland IFRS102} (effective l January 2019)- (Charities SORP IFRS10211. Asscts and liabilities are initially Te¢ognised at hi5toricd cost or trart5artion value unltss otherwise stated in the relevant accounting policy noLel$}. Redeemer Church Nottingham meets the definition of a public benefit entity under FRSIO2. The Trustees con$ideT there ￿¢ no material unceriainties about the charity's ability ￿ ¢ontinu¢ ￿ a going concern. The financial statements are presented in 5terlinE 1£). FUNDS Untesiricted Funds- are general funds available for use at the dIscr￿lOn of Lhe Elders to fvTiher the general objectives of the church and w'hich hav¢ not been desi8naled for spetifi¢ purp05e5. They are usually gifts from members of the congregation and the recovered on ihose gift5. Restricted Funds- art fund5 that can only be used in accoTdance with specific restrictions imposed by the donors or which have en raised for particular purposes with the objects of the church and the tsx re¢oveTed on those fund5. The aim and use of each restricted fund is Sel ou¢ in the Notes to the Financial Siatements. Designated Fund- this fund may be set aside during theyear by the Elders a 5p¢cific purpose. INCOMING RESOURCES All incoming resuur¢es are included in ihe Statement of Financial Aetiviiies {SOFAI when the ¢hurch is legally entitled to the income and the amouni can be quanlilicd with reasonable certainty. All giving lo the church is recognised only when received. In¢ome tax Te¢overable on Gift Aid donation5 IS Fccognised when (he claim has been made Legacies are recognised at the earlier of receipt or at ihe lime the arnount can be measured with r¢awnable ¢enainty, Donated seTvices, facilities and assets are recognised a5 income when Ihe Charity has control over ihe item, any ¢onditions ass()riattd with the donated item have been met, the receipi of ecoJomi¢ benefit from the use by the Charity of the item is probable and that ewnomic benefjt can be measured reliably. On receipt, donaied services and facilities are recognised on the bgsis of the value of thc gift to the Charity which is the amount the charity would have been willing to pay to obtain 5ervic¢s or facilities of equivalent econoTni¢ benefii on the oren markei,. a ¢orrestx)nding amount is then recognised in exrendiiure in ihe F¢riod of receipt, wher¢ this can be quantified. Jnterest on funds held on deposii is included when receivable and the amount ¢8n be measured Teliably by the ¢harity' thi5 IS normally uwn notification vf the interest paid or payable by Ihe bank. Page 13 Redeemer Church Nottingham Note$ forming part of the FlnADcIAI Statement for the Ye2r Ended 31 December 2025 RESOURCES EXPENDED ExpenditUTe i5 included OD an a¢¢ruals basis and is recognised when there Is a le8￿ or ¢onstru¢tive obligation to pay for expenditure. All u)sts hav¢ been directly attributable to one of the functional categories of resource used in the SOFA. The Church is not regisier¢d for VAT and ￿(ordInglY ¢xp¢nditure is shown 8ross ol'irrecoverable VAT. PENSION POLICY The charity operates a defined contribution pension s¢h¢m¢. Contribuiions lo the scheme are recognised &8 resources cxpertded upon pa}'Tnent. The assets of the scheme are held separately from those of the Charity in an independently administered ￿nd. Contribution$ payable for the year are shown wiihin the statement of flrwicial activities. DEPRECIATION Fixed &15ets and their associated ¢osts have ￿tn capitslised at eosl. The depreciation has ￿en r¢vi¢wed and 15 Gd¢ulat¢d so a5 to write off the cost of fixed assets on the following basis. The ¢051 of the origin81 property and12nd before development hav¢ not been depreciated &$ il is feli the CUTr¢nl value exceeds the ori8ina] cosi. Property development C05t Equipment, fJxture5 and fitting5 Cost 2￿/0 straight line It js thc Charity's policy to not capitalise expenditure under £1,000. DEBTORS Debtors are recognised at the s¢¢tlem¢nl wnount owed to the Charity or prepaid. CREDITORS Creditors and PTovisions are recognised where the Charity has apT¢5ent obligation resulting from a p&st event that will probably sult in the transfer of funds io a third paTty, a￿d the amouni due to settle Ihe obligaiion Can Lr measured OT ¢Stimated reliably. Creditors and provisioD$ are normally rew8nised ai their settlement atDount. FINANCIAL INSTRUMENTS The Charity has flnancial &%seis and financial liabilities of a kind thai qualify Is basi¢ financial illSlruTnellts. Basic financial instruments are inilially Tecogniscd ai transaction value and subsequently tneasured at their settlement value. JUDGEMENT AND KEY SOURCES OF ESTIMATION VNCERTAJNTY The prepatation of accounts using g¢n¢rally accepted accountin8 principles requires management to make esti￿at¢S and &ssumptions that affect the reported amounts of assets and liabilitle5 at the date of th¢ accounts and the rewncd amounts of revenues and expenses during the Twrting period. The key estimates and assumptions used in the Financial Statements are detailed in the a¢¢oun¢irtg wli¢ies. LEASE AGREEMENTS Rentals appli¢able to operating lease agreements where substantially all of the benefjts and risks ofown¢rship remain with the lessor are charged against profits on a 5traight-line ba$i$ over the wiod ofthe lease. Trustee Rtmutt¢ratlott and Relltsd Party Transactions No emoluments were re£tived by the Tru5tee5 either in their capacities as Trustees or as membets of the Board of Trus*¢5 Other than those mentioned in note 4. Th¢re were no other emolurnents or expenses paid to any other Charity trustee, or persons connected with such a irustee dire¢ily or indirccily from the funds of the Chariry or from ihe property of aDytKdy connected with the ChaTity. Pa8e 14 Redtemer Church Nottlngh*m Notes forming part of the FIDancIAI St9ttment for thc Year Ended 31 December 2025 2. Donations, Clfts Ind Ltga¢ies {UttT¢Stritted} 2025 2024 General Giving artd Gift Aid Recoverable Gift Day 343.849 329,207 96.736 425.943 461 168 Donations, Gift$ and Legacies {Restrltted) Building Fund and Gift Aid Re¢overable Christmas Appea] and Gift Aid Recovetable 59.343 28,307 62.832 37.373 100205 Totgl Dongtlon$ 548.818 526,148 Fixiures and fittings were donated in the fjnancial period. These donations amounted to £3,150. 3. Total Sal*ri¢s & Staff Summary 2025 2024 Salaries Ernployer's Nl Less EA claim for previous year Pension Expenses 180,074 10,440 116,5101 10,174 165 184,343 127,678 10.671 8.059 998 147 406 Avttagt W¢tkiy Number of Employees, ¢Alculgted 1$ full tlme ¢qulwal¢nts Staff (No eTnployee receivd remuneration of more than £60,000) The numberof employees to whom retirement benefits were a¢¢Tuing was as follows.. Defined Conlributions Scheme The key management p¢r50nnel of the charity. comprised the pastor, 0￿rationS rnanagcr and assistanl pastor. Th¢ total salaries of the key management perx>nnel was £119,25612024.. £IQ7.713). Trustees giving in the fjnaftci￿ year totalled £142,086 {2024- £125,362). Ttusiees Teirnbursement of expenses in the yvdr totslled £1,18912024.. £1,728) 4. Tru$t¢t R¢muntTation 2 Trustees aT¢ Temunerated, &$ perniitted in the Constitution- this in¢ludes salary, pensioo artd expense5. The expenses ar¢ incurred as adirect result of their work and include office and travel expens¥. 2025 2024 Aggregate Remuneration (salary and ERS NIC) Aggregate Pension Aggregate Expenscs 93,596 5,618 1,189 100403 62,520 4,257 Page 15 Redeemer Church Nottingh% Note5 forniing part of the FlnaD¢ixI StstemeDt for tht Y￿r Ended 31 D¢c¢mb¢r 202S 5. Exp¢thdlture on Charitable Activitles 2025 Restricted 2024 Tot21 Unre5tri¢ttd Tot*1 5.1 Core Minist Salaries (Note 3} Overseas Missions {see note 131 Equipment- GeneTal Equipment- Worship Building Running Cosis IT Subgcripiiotts and Computer Costs Stationery, Printing and admin costs Hardship Fund Social Ju$ii¢e Miscellaneous Costs Refreshments Ministry Costs and training Insurance Redeerner Kid5 Independent Examinaiion fee Bank Lharges Advenising costs Dep￿cIall0n Donation5- Christmas Appeal Lic¢nce and Affiliation F¢e5 Legal Fees, including bank loan fee Inl¢re51 on bank loan and charges HMRC Int¢rest 184,343 7,8 4,201 2,238 49,154 6,283 2,761 5tx 1,677 184,343 7,800 4,201 2.238 49,154 6.283 2,761 500 1.677 1.138 ,955 19,716 3,466 4.917 2,835 587 515 83,545 23,118 4,572 3,197 49.228 147.406 6,178 3,676 2,902 75.Q70 4,746 3.766 1,174 1,280 882 1,820 11.460 3,077 1.929 2.835 379 1,067 77,536 29,246 3,216 14.882 64,646 205 459.378 1,955 19,716 3,466 4,917 2,835 587 515 29,362 54.183 23,118 4,572 2,105 1,092 49,228 330,125 127621 457,746 Catering Evangeli*tic Events 212 212 ,395 3.622 eratin Profitl Loss The operaiinB profiLlllossl is stated after charging'.- 2025 2024 Independent Examination Fee For other $erviRs 2,835 668 2,835 580 Pag¢ 16 Redeemer Churth Nottingham Note5 forniing part of the Financial Statement for th¢ Yt#r Etyded 31 Deetmb¢r 2025 6. Tangible Asset And Depreciation Cost of Property & IAnd Cost of Property Development Equipment & Flxture$ Total Cost at 31.12.2024 Addiiions during Ihe year Di5P05a15 Ill the year Balance at end of year 425.000 2249,552 71,897 162,725 34,847 2,837,277 106,744 2.200 2941.821 425,000 2,321,449 195,372 reciation Depreciation brought forward at 1.1.2025 Depreciation on disp)sal Depreciation during the year Balance at cnd of year 130,741 96.450 1880) 37.116 132686 227,191 188Ql 83,545 309 856 46.429 177 170 Ntt Book Value {NBVI- 2024 Net Book Value {NBVI- 2025 425,000 425.000 2,610.086 2631.965 2 144,279 Debtor 2025 2024 Gift Aid Recoverable Prepaytn¢nt5 Tradc Debtors Oih¢r Debiois 10,219 2,107 3.800 30,680 1,683 973 2,307 Creditor- Due within 12 months Trad¢ Creditors Accrual Other Creditors Bank Loan Ac¢ount 26,670 14,844 35,525 18,012 1,400 28,333 83.270 10,975 Crtilitors- A￿OUnts falling due after more l year 2025 2024 Bank Property Loart$ ]- 2 years Bank Property Loans 3 -5 yeaTS Bank Property Looos after 5 years 11.675 39.687 721,872 773,234 28,333 56.666 732.595 817,594 Secured Debts 2025 2024 Bank Loan5 The bank hold$ security in the foTm of a fixed and floating charge over the Property ai OldTown Hall, 29 FosterAvenue, BeesLon, Nottillgham. NG9 IAE. Loan int¢re5t was charged at average rate of 6.06% per annurn arKi is for a 30 year rKriod. from July 2024. Th¢ purrha5¢ of the propety known as the Town Hall Beeston for £425.000 took place in the year ended 31 December 2020. Fin•nrial ComTnithients In September 2022 the charity commenced a lease fora pho¢o¢opier at acostof £1,944 w annum. the lease Tuns until September 2027. Page 17 Redeemtr Chllreh NottlnghAm P4ot¢$ formlng part of the Financial Ststement for the Year Ended 31 Dt¢¢nTrber 2025 9. Analy51s of Net Assets between funds- 2025 General Funds 51,897 384,470 141.514} Restri¢t¢d Funds 2.580,068 17,520 (10.9751 773 234 1813 379 Fund5 2025 2.631,965 401,WO (52,489} 773 234 2 208 232 Fixed Assets Current As5els Current Liabilities Long Term Liabilities Net Assets at 31.12.25 Analysis of Net Assets between funds- 1024 Total Fund5 2024 2.610,086 367,338 183.270} 817.594 2 076,560 General Funds 47.732 355,007 {54,9371 Restrltted Funds 2,562.354 12,331 128,3331 817.5941 ,728,758 Fixed Assets Current Assets Current Liabilities Long Ttrni Liabilitie5 Net As8¢ts at 31.12.24 347,802 10. Restrltttd Funds- 2025 Balance at 31 Decembtr Balance at .1.25 1,716.427 lthcomt Exp¢nditur¢ Tr*n5ftrs 2025 1.795,859 17,520 813.379 Old Town Hall Christm&s Appeal 59,343 104,503 124,592 1728 758 127621 124.592 Restriettd Furtds- 2024 Bal&Dce at 31 De¢tmber 2024 1,716,427 12.331 1,728,758 Balance at 1.1.24 .643,J51 4,204 ,647,555 Eipellditure Tran$f¢rs Old Town Hall ChTiStmas Appeal 62,832 37,373 100,205 128,129 29,246 157.375 138,373 138,373 Use of Funds Old Town Hall- To receive tnonics to aid with the development of the Town Hall Project and asso¢iaied costs. Funds held at 3 1 December 2025 totslled £1.795.859 {2024.. £1,716.427}. Chris￿￿ Appeal- To supwn the work of Hope Nottingha￿. Hope ID¢0 Action and Op¢n Door5 and S￿¢ Families. The balance held at 3 1 December 2025 wa5 £17,520 {2024.. £12.3311. Correction of fix￿ &s5et fund classifjcation for £26.298 and cur￿llt &8set fund cla55ification for £17,520 10 show correct closing balances for 2024. I l. Taxation T￿ charitable company 15 exe]npt frortl Corporatson Tax on ils Charityble activitie5. The EldeT5 have reviewed Re4leemer Church Nottingham's activiiies and are confidentthat they fulfil charitable aitn$ and &$ such are considered to be for the pritnary purFOSe. 12. Ptn$ion Commitments The Charity ¢onlribu¢es to a defined contribution pension scherne. The as5¢ts are held and adtntnistcred by individually selected pension providers. The pension cost charge repre5ent5 contribution$ payable by the charity to the pension scheme aNi Amounts to £10,174 (2024.. £8,059). 13. Overseas Mi5$ion Monie5 paid for an oversea8 worker are paid thorough an agency kTh)wn &s People International. Supwrt is also provided to a mission family ihrou8h UFM. Page 18 Redeemer Chureh NottlnghA Notes forniing part of th¢ Fin#ntial Statement ror th¢ Y¢*r Ended 31 December 2025 14. Rel*ted Parties The church suppon5 the work olthe wife ofone of theTru5te¢s, with funds paid io Friend5 IDtemational, a mission organisaiion that work5 amongst international students in the UK. In 2025. the church paid Fl £2.4QQ for hcr perwnal suprrf)rt. ReimbuTs¢meni of the Trustees wives expensts toialled £2,711. There are no oiher related parties to dis¢lose. 15. Cash Flow St•t¢rn¢nt 2025 2024 Net Incoming Resources 131,673 101,198 Adjustmcnts'.- Dep￿¢1￿(10ll Charges IIncrea5ell Decrease in Debtors (Incre￿11 Decrease in Stock5 IncreasellDe¢reasel in Cr￿lI0rS [￿$$ on sale ofasset5 83,545 19.517 77,536 1946) 107 30,675 {75.1421 420 160,013 208.570 Page 19