Registered Charity no. 1187165
Redeemer Church Chester-Le-Street
Trustees Annual Report and Accounts
Year Ended 31st December 2024
CHURCH LOGO OPTIONAL DRAFT
Redeemer Church Chester-Le-Street
Year Ended 31st December 2024
Contents Page
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Trustee's Annual Report | 2 |
| Independent Examiners Report | 6 |
| Statement of Financial Activities | 7 |
| Statement of Financial Position | 8 |
| Notes to the Financial Statements | 9 |
Redeemer Church Chester-Le-Street
Year Ended 31st December 2024
Legal and Administrative Information
Reference
The Charity is called “Redeemer Church Chester-Le-Street” and is registered with the Charity Commission for England and Wales. Redeemer Church Chester-Le-Street is a Charitable Incorporated Organisation (CIO) incorporated on the 31st December 2019.
Registered Charity Number 1187165 Registered Office 13 Runnymede Great Lumley Chester Le Street DH3 4LN Date of Incorporation 31st December 2019 Church Website www.redeemercls.com
Church Website
The Trustee's
The trustee's who have served during the financial year until the date this report was approved are:
Andrew William Oxley Appointed 31/12/2019 Treasurer Susannah Mary Hart Appointed 31/12/2019 Secretary Alastair David Scott Appointed 31/12/2019 Lead Elder Matthew Robert Cray Appointed 31/12/2019 Elder Dr John David Nicholls Appointed 31/12/2019 Howard Andrew Bray Appointed 27/03/2023 Chair Shaun Gallgher Appointed 21/01/2025 Church Elders Matthew Cray Alastair Scott (Lead Elder) Nathan Caughey Primary Bankers The Co-Operative Bank P O Box 250 Skelmersdale WN8 6WT Independent Examiner Nigel Wyatt BSC FCA Wyatt & Co Chartered Accountants 125 Main Street Garforth Leeds LS25 1AF
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Redeemer Church Chester-Le-Street
Year Ended 31st December 2024
Trustee's Annual Report
Principal Objects
The principal objects of the charity are as follows:
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Provision of worship, prayer and teaching services.
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Encouraging and supporting individuals within the church and in the wider community.
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Provision of services for children and young people.
• Supporting through giving financial gifts to individuals and organisations that fulfil the charity’s vision and values.
Achievements and Performance
The vision of the church is ‘Revelling in Jesus, Restoring Lives, Reviving Communities’.
We have provided worship, prayer and teaching services on Sunday mornings at Park View School. Our normal attendance is around 70 adults and 30 children.
Our Sunday morning sermon series during 2024 were on the Old Testament characters of Elijah and Elisha, the Sermon on the Mount in Matthew’s gospel, and the book of Acts.
Throughout the year, we held a number of welcome lunches where we welcomed new people into the church family. Included among these, were people from other nations so that the church now consists of a much more diverse range of nationalities. Consequently, we were able to hold our first ‘Nations Sunday’ in October 2024, where we celebrated the nations among us, including wearing clothes and eating food from those nations.
We continue to have an online presence, with many of our meetings still able to be accessed online, including our Sunday sermons (on Facebook and YouTube). One of our midweek community groups continues to provide a Zoom link, allowing engagement for those who are unable to attend (such as those working shifts or the elderly/single parents who can’t come out in the evening).
We continued with a number of activities that engage with and support the local community, including ETC (a weekly English language learning and support group for those new to this country) and the Wellbeing Café (now renamed The Meeting Place), a weekly informal space for conversation and activities open to all, but particularly aimed at those who may feel isolated and/or struggle with their mental health. At The Meeting Place, we ran monthly wellbeing sessions on subjects such as anxiety, anger and healthy relationships.
We once again held a number of outdoor events on The Green in Chester-le-Street (a Halloween light event, a Christmas brass band show, and an Easter egg hunt), climaxing in our big family fun day in the summer. Numbers for this grew once again with over 700 people in attendance. We provided a free BBQ food and activities for the community, including inflatables, face paints and sports.
Our five midweek community groups (between 8 and 16 in each) have provided a lifeline to some of the most vulnerable or isolated members of our community. These groups provide pastoral support, bible study, prayer and opportunities for church participants to serve by taking responsibilities for roles in these groups.
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Redeemer Church Chester-Le-Street
Year Ended 31st December 2024
Trustee's Annual Report
The church continues to meet to pray in different ways, including a monthly intercessory prayer group, a weekly early morning prayer group and a weekly lunchtime prayer group, all meeting online. We also have specific evening and worship prayer gatherings, often coincide with weeks of prayer and fasting that we hold towards the start of each academic term.
We employed five people to further the work of the charity: an eldership team leader (full-time), a pastoral support worker (part-time), a church administrator (part-time), a youth pastor (part-time), and a children’s pastor (part-time).
We continue to relate with and support our wider family of churches called Regions Beyond. This year we have done this both through regular and one-off gifts to support the work of churches we relate to around the world, and through prayer. Our eldership team leader has been able to support the wider family of churches by helping to run and teach on its Equip training course, leading the northern group of churches in the UK. Guest speakers from within our Regions Beyond family have also visited to support and encourage our church.
We supported through giving financial gifts to individuals and the following organisations Regions Beyond (UK) (Charity number 1152827); Universities and Colleges Christian Fellowship (UCCF) (Charity number 306137)
Plans for the Future
In 2025, we hope to continue to increase the impact of the work of the church both among its existing members and among those in the local community we serve. With this in mind, we will continue to provide worship services that help people grow in their faith and initiatives in the community that help people bring people together and decrease any sense of social isolation. One particular focus for the next year is to provide a regular weekly youth club to engage the many secondary aged young people that are in Chester-le-Street but aren’t part of a church.
Public Benefit Statement
In setting our objectives and planning our activities our trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of the Christian faith through the provision of worship and teaching services and the relief of sickness, financial hardship and promoting good health. This has been achieved by the provision of funds, and services.
To advance the Christian faith principally in Chester le Street but also in such other parts of the United Kingdom or the world as the charity trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the CIO.
To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support.
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Redeemer Church Chester-Le-Street
Year Ended 31st December 2024
Trustee's Annual Report
Governance Structure
Redeemer Church Chester-Le-Street is a Charitable Incorporated Organisation. The governance of the Charity is overseen by the trustee's of which there must be a minimum of five members on the board at one time per the constitution. The day to day running of the organisation is delegated to the Elders and Church Leadership team.
Trustee's meetings are held regularly throughout the year to give oversight and direction to the Charity.
Under the requirements of the constitution, in addition to the statutory powers of appointment, a new Trustee may be appointed by a resolution of the Trustees passed by a majority of the Trustees.
Reserves Policy
In line with good practice for charities, it is prudent to keep financial reserves to cover three months of operational costs. This is to ensure the continuation of the charity if income to the charity should markedly reduce. Due to the low-risk set-up of church operations and the unlikelihood of income suddenly reducing greater than 50%, the reserves are now set at £20K. This is deemed to be sufficient to meet ongoing commitments (that cannot be quickly reduced) for a minimum of 3 months. The staffing bill for three months at the end of 2024 is £20K. Although £20K is the minimum reserve prudent, bank balances above this amount may be allocated as saving for future predicted expenditure which would not be met by current regular income received.
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For any money held by the charity above the allocation of the reserve, the Elders have the responsibility for deciding how money is allocated/spent / gifted, and they can make these decisions without having to refer to the Trustees.
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The treasurer reports to Trustees after each month's end how much money is in the bank above the reserves amount and any special funds (if any are decided to be created by the Elders).
3.The church partners are only asked for extra gifts if there is a specific cause that the Elders would like to support which can’t be met from the excess held above the amount of the reserves
- If the Elders would like to spend money that would reduce the reserve amount held, then the trustees should be consulted and be in agreement with such expenditure.
Financial Review
The activities of the Charity for the year ending 31st of December 2024 resulted in an income of £150,904 of which £18,914 was rescricted income. The expenditure during the year was £136,213, of which £15,550 was rescricted expenditure. The end of year surplus was of £14,691.
| The funds held at the end of the year were: | |
|---|---|
| Unrestricted funds | 47,550 |
| Restricted funds | 3,364 |
| ────────── | |
| Total funds held on 31st Dec 2024 | 50,914 |
| ────────── |
4
Redeemer Church Chester-Le-Street
Year Ended 31st December 2024
Trustee's Annual Report
Going Concern
The Trustee's are satisfied that the Charity is a going concern and do not know of any uncertainties regarding the organisations ability to continue operating as a going concern.
Statement of Trustees' Responsibilities
The trustees have prepared the accounts in accordance with current applicable Charities SORP (FRS 102) as amended.
In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements, the Trustees are required to:-
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To prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
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Select suitable accounting policies and apply them consistently
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Make judgements and estimates that are reasonable and prudent;
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Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business;
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State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial
t t t The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity f th The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. 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 are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
Approved by the Trustees of Redeemer Church Chester-Le-Street
Name of Trustee:
Signed on behalf of the Trustees:
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Andrew Oxley
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15/09/2025
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Date of Approval:
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Redeemer Church Chester-Le-Street
Year Ended 31st December 2024
Independent Examiners Report
I report to the trustees on my examination of the financial statements of Redeemer Church Chester-LeStreet ('the charity') for the year ended 31 December 2024.
Responsibilities and Basis of Report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
23/09/2025 Nigel Wyatt BSC FCA Date: Independent Examiner 125 Main Street Garforth Leeds LS25 1AF
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Redeemer Church Chester-Le-Street
Year Ended 31st December 2024
Statement of Financial Activities
| Statement of Financial Activities | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| Note | £ | £ | £ | £ | |
| Income | |||||
| Donations and legacies | 128,388 | 17,005 | 145,393 | 110,268 | |
| Charitable activities | 2,789 | 1,909 | 4,698 | 3,644 | |
| Other income | 813 | - | 813 | 1,009 | |
| ────────── | ────────── | ────────── | ────────── | ||
| Total Income | 2 | 131,990 | 18,914 | 150,904 | 114,921 |
| ────────── | ────────── | ────────── | ────────── | ||
| Expenditure | |||||
| Charitable activities | 3 | 120,663 | 15,550 | 136,213 | 123,490 |
| ────────── | ────────── | ────────── | ────────── | ||
| Total Expenditure | 120,663 | 15,550 | 136,213 | 123,490 | |
| ────────── | ────────── | ────────── | ────────── | ||
| ────────── | ────────── | ────────── | ────────── | ||
| Net Income / (Expenditure) | 11,327 | 3,364 | 14,691 | (8,569) | |
| ────────── | ────────── | ────────── | ────────── | ||
| Net Income and Net Movement in Funds | |||||
| Total funds brought forward | 10 | 36,223 | - | 36,223 | 44,791 |
| Transfers | 10 | - | - | - | - |
| ────────── | ────────── | ────────── | ────────── | ||
| Total Funds Carried Forward | 10 | 47,550 | 3,364 | 50,914 | 36,223 |
| ────────── | ────────── | ────────── | ────────── |
All income and expenditure derive from continuing activities.
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Redeemer Church Chester-Le-Street
Year Ended 31st December 2024
Statement of Financial Position
| Statement of Financial Position | |||
|---|---|---|---|
| 2024 | 2023 | ||
| Note | £ | £ | |
| Fixed Assets | |||
| Tangible fixed assets | 7 | 819 | 1,079 |
| ────────── | ────────── | ||
| 819 | 1,079 | ||
| ────────── | ────────── | ||
| Current Assets | |||
| Debtors | 8 | 6,931 | 5,310 |
| Cash at bank and in hand | 45,524 | 31,260 | |
| ────────── | ────────── | ||
| 52,455 | 36,570 | ||
| ────────── | ────────── | ||
| Creditors: amounts falling due within one year | 9 | 2,360 | 1,427 |
| ────────── | ────────── | ||
| Net Current Assets | 50,095 | 35,143 | |
| ────────── | ────────── | ||
| Total Assets less Current Liabilities | 50,914 | 36,222 | |
| ────────── | ────────── | ||
| Net assets | 11 | 50,914 | 36,222 |
| ────────── | ────────── | ||
| Funds of the Charity | |||
| Unrestricted funds | 10 | 47,550 | 36,223 |
| Restricted funds | 3,364 | - | |
| ────────── | ────────── | ||
| Total Charity Funds | 50,914 | 36,223 | |
| ────────── | ────────── |
Trustee Responsibilities
These financial statements were approved by the board of trustees and authorised for issue :
Andrew Oxley
Name of Trustee:
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Signed on behalf of the Trustees:
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15/09/2025
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Date of Approval:
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8
Redeemer Church Chester-Le-Street
Year Ended 31st December 2024
Notes to the Financial Statements
1 Accounting Policies
Basis of Preparation
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities Financial Reporting Standards applicable in the UK and Republic of Ireland (Charities SORP 2019 FRS 102) and the Charities Act 2011.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Fund Accounting
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
Incoming Resources
All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.
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All voluntary income from supporters are recognised as donations and are included in full, with associated Gift Aid receivable in the Statement of Financial Activities.
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Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
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Income resources from charitable trading activities such as the letting of the building are accounted for when invoices are drawn up (as the point of entitlement).
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Donated services and facilities are included at the value to the charity where this can be quantified and the donation is material to the accounts.
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Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
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Volunteer time, the value of voluntary support for the work of the charity is not included in the accounts but is described in the accounts.
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Investment income is included in the accounts when receivable.
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Redeemer Church Chester-Le-Street
Year Ended 31st December 2024
Notes to the Financial Statements
Resources Expended
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Tangible Fixed Assets
All assets costing more than £500 are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation. Depreciation is charged on furniture and equipment which is written off on a straight-line basis over time, estimated useful life of the asset.
Pensions
The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.
Operating Leases
Rental charges payable under operating leases are charged on a straight-line basis over the terms of the lease.
Taxation
The charity is exempt from tax on its charitable activities.
Judgements and Key Sources of Estimation Uncertainty
There have been no significant judgements (apart from those involving estimates) made in the process of preparing the financial statements. There have been no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
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Redeemer Church Chester-Le-Street
Year Ended 31st December 2024
Notes to the Financial Statements
| **2 ** | Analysis of Income | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Donations and Legacies | ||||
| Donations | 104,669 | 4,094 | 108,763 | |
| Gift aid | 23,719 | 661 | 24,380 | |
| Grants | - | 11,250 | 11,250 | |
| Conduit funding | - | 1,000 | 1,000 | |
| ────────── | ────────── | ────────── | ||
| 128,388 | 17,005 | 145,393 | ||
| Charitable Activities | ||||
| Church weekend away | 574 | - | 574 | |
| Conference ticket sales | - | 1,909 | 1,909 | |
| Speaking gifts | 127 | - | 127 | |
| Youth weekend away | 2,088 | - | 2,088 | |
| ────────── | ────────── | ────────── | ||
| 2,789 | 1,909 | 4,698 | ||
| Investment Income | ||||
| Bank interest | 813 | - | 813 | |
| ────────── | ────────── | ────────── | ||
| 813 | - | 813 | ||
| ────────── | ────────── | ────────── | ||
| Total Income | 131,990 | 18,914 | 150,904 | |
| ────────── | ────────── | ────────── | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Donations and Legacies | ||||
| Donations | 79,738 | 9,443 | 89,181 | |
| Gift aid | 18,439 | 1,509 | 19,948 | |
| Grants | - | 1,139 | 1,139 | |
| ────────── | ────────── | ────────── | ||
| 98,177 | 12,091 | 110,268 | ||
| Charitable Activities | ||||
| Church weekend away | 1,060 | - | 1,060 | |
| Youth weekend away | - | 1,434 | 1,434 | |
| Honorariums | 600 | - | 600 | |
| Youth weekend away | 550 | - | 550 | |
| ────────── | ────────── | ────────── | ||
| 2,210 | 1,434 | 3,644 | ||
| Investment Income | ||||
| Bank interest | 1,009 | - | 1,009 | |
| ────────── | ────────── | ────────── | ||
| 1,009 | - | 1,009 | ||
| ────────── | ────────── | ────────── | ||
| Total Income | 101,396 | 13,525 | 114,921 | |
| ────────── | ────────── | ────────── |
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Redeemer Church Chester-Le-Street
Year Ended 31st December 2024
Notes to the Financial Statements
3 Expenditure on Charitable Activities by Expenditure Type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Administration and communication | 4,109 | - | 4,109 |
| Building and premises | 11,575 | 3,236 | 14,811 |
| Church weekend away | 795 | - | 795 |
| Equipment | 723 | - | 723 |
| Event costs | - | 7,803 | 7,803 |
| Gifts and grants | 10,271 | 4,355 | 14,626 |
| Ministry costs | 5,461 | - | 5,461 |
| Staff salary costs | 81,071 | 156 | 81,227 |
| Staff related costs | 4,378 | - | 4,378 |
| Youth and childrens pastor related costs | - | - | - |
| Youth Residentials and conferences | 2,280 | - | 2,280 |
| ────────── | ────────── | ────────── | |
| 120,663 | 15,550 | 136,213 | |
| ────────── | ────────── | ────────── |
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Administration and communication | 4,409 | - | 4,409 |
| Building and premises | 11,115 | - | 11,115 |
| Church weekend away | 1,400 | - | 1,400 |
| Equipment | 2,037 | - | 2,037 |
| Event costs | - | 2,974 | 2,974 |
| Gifts and grants | 8,400 | 2,089 | 10,489 |
| Ministry costs | 7,878 | - | 7,878 |
| Staff salary costs | 69,374 | - | 69,374 |
| Staff related costs | 4,057 | - | 4,057 |
| Youth and childrens pastor related costs | - | 8,663 | 8,663 |
| Youth weekend away | 1,094 | - | 1,094 |
| ────────── | ────────── | ────────── | |
| 109,764 | 13,726 | 123,490 | |
| ────────── | ────────── | ────────── |
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Redeemer Church Chester-Le-Street
Year Ended 31st December 2024
Notes to the Financial Statements
Donations from the church have been made to the following organisations during the year:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Evangelical Alliance (Charity number 212325) | 90 | - |
| Kintsugi Hope (charity number 1175529) | 200 | - |
| Regions Beyond (UK) (Charity number 1152827) | 8,420 | 7,164 |
| Stewardship (Charity number 234714) | 2,400 | 2,400 |
| Supporting foreign churches | 1,000 | - |
| The Message Trust (Charity number 1081467) | - | 100 |
| UCCF (Charity number 306137) | 1,200 | 500 |
| Other gifts | 1,316 | 300 |
| ────────── | ────────── | |
| 14,626 | 10,464 | |
| ────────── | ────────── |
4 Volunteers
The church benefits greatly from the voluntary contributions of time and money by its regular attendees. Please refer to the trustee's report for further detail about volunteer contributions in the organisation.
5 Independent Examination Fees
Fees payable to the independent examiner for:
| Independent Examination Fees Fees payable to the independent examiner for: |
||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Independent examination and preparation of the financial statements |
1,063 | 1,022 |
| ────────── | ────────── | |
| 1,063 | 1,022 | |
| ────────── | ────────── |
6 Staff Costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 80,271 | 68,753 |
| Social security costs | - | - |
| Employer contributions to pension plans | 956 | 621 |
| ────────── | ────────── | |
| 81,227 | 69,374 | |
| ────────── | ────────── |
The average head count of employees during the year was as follows:
| 2024 | 2023 | |
|---|---|---|
| Average head count | 5 | 5 |
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Redeemer Church Chester-Le-Street
Year Ended 31st December 2024
Notes to the Financial Statements
Staff Costs cont.
The number of employees that received employee benefits of more than £60,000 during the year was as follows:
More than £60,000
2024 2023 - -
Key Management Personnel
The charity considers its key management personnel to be the lead elder. The total employee benefits received by key management were as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Key management personnel employee benefit | 39,381 | 37,226 |
| **7 ** | Tangible Fixed Assets | ||
|---|---|---|---|
| Furniture and | |||
| Equipment | Total | ||
| £ | £ | ||
| Cost as at 1st January 2024 | 1,559 | 1,559 | |
| Additions | - | - | |
| ────────── | ────────── | ||
| Cost as at 31st December 2024 | 1,559 | 1,559 | |
| ────────── | ────────── | ||
| - | - | ||
| Depreciation as at 1st January 2024 | 480 | 480 | |
| Depreciation charge | 260 | 260 | |
| ────────── | ────────── | ||
| Depreciation as at 31st December 2024 | 740 | 740 | |
| ────────── | ────────── | ||
| - | - | ||
| ────────── | ────────── | ||
| Net book value as at 1st January 2024 | 1,079 | 1,079 | |
| ────────── | ────────── | ||
| Net book value as at 31st December 2024 | 819 | 819 | |
| ────────── | ────────── | ||
| **8 ** | Debtors | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Accrued gift aid | 5,800 | 5,033 | |
| Prepayments | 1,131 | 277 | |
| ────────── | ────────── | ||
| 6,931 | 5,310 | ||
| ────────── | ────────── | ||
| **9 ** | Creditors: amounts falling due within one year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Accruals | 1,639 | 1,427 | |
| Deferred income | 721 | - | |
| ────────── | ────────── | ||
| 2,360 | 1,427 | ||
| ────────── | ────────── |
14
Redeemer Church Chester-Le-Street
Year Ended 31st December 2024
Notes to the Financial Statements
10 Analysis of Charitable Funds
| 1 Jan 2024 | Income | Expenditure | Transfers 31 Dec 2024 | Transfers 31 Dec 2024 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Unrestricted Funds | |||||
| General fund | 36,223 | 129,328 | (117,588) | (413) | 47,550 |
| Church weekend away | - | 574 | (795) | 221 | - |
| Youth residentials and conferences |
- | 2,088 | (2,280) | 192 | - |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| Total Unrestricted Funds | 36,223 | 131,990 | (120,663) | - | 47,550 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| Restricted Funds | |||||
| Community | |||||
| Engagment Grant | - | 5,000 | (5,000) | - | - |
| March 24 | |||||
| Conduit Funding | - | 1,000 | (1,000) | - | - |
| Community Grant Knott October |
- | 5,000 | (1,636) | - | 3,364 |
| Regions Beyond | - | 3,355 | (3,355) | - | - |
| Together 2024 | - | 4,559 | (4,559) | - | - |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| Total Restricted Funds | - | 18,914 | (15,550) | - | 3,364 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| Total | 36,223 | 150,904 | (136,213) | - | 50,914 |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| 1 Jan 2023 | Income | Expenditure | Transfers 31 Dec 2023 | ||
| £ | £ | £ | £ | £ | |
| Unrestricted Funds | |||||
| General fund | 44,792 | 99,786 | (107,270) | (1,085) | 36,223 |
| Church Weekend away | - | 1,060 | (1,400) | 340 | - |
| Youth weekend away | - | 550 | (1,094) | 544 | - |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| 44,792 | 101,396 | (109,764) | (201) |
36,223 | |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| Restricted Funds | |||||
| Regions Beyond special offering |
- | 2,089 | (2,089) | - | - |
| Together 2023 | - | 2,773 | (2,974) | 201 | - |
| Youth and children's | |||||
| pastor special offering | - | 8,663 | (8,663) | - | - |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| - | 13,525 | (13,726) | 201 | - | |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| ────────── | ────────── | ────────── | ────────── | ────────── | |
| Total | 44,792 | 114,921 | (123,490) | - | 36,223 |
| ────────── | ────────── | ────────── | ────────── | ────────── |
15
Redeemer Church Chester-Le-Street
Year Ended 31st December 2024
Notes to the Financial Statements
Fund Description
Community Grant awarded for local community engagment, which contributed to Engagment Grant church events, groups and a community fun day March 24 Community Grant Money restricted for supporting community events 'whats on the green' Knott October and 'The meeting Place' and supporting the youth club Regions Beyond Donations made to give to Regions Beyond (Registered Charity 1152827) to help with supporting initiatives in church planting, training and projects supporting the poor around the world.
Together 2024
Youth and children's pastor special offering
Together 24 is a Regions Beyond event to gather various churches in the north of England, organised by Redeemer Church.
Donations made by the church members in 2023 to support a family as they moved from Dubai to the UK and take up employment with Redeemer Church
11 Analysis of Net Assets Between Funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Fixed assets | 819 | - | 819 |
| Current assets | 52,455 | - | 52,455 |
| Creditors less than 1 year | (2,360) | - | (2,360) |
| ────────── | ────────── | ────────── | |
| 50,914 | - | 50,914 | |
| ────────── | ────────── | ────────── | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Fixed assets | 1,079 | - | 1,079 |
| Current assets | 36,571 | - | 36,571 |
| Creditors less than 1 year | (1,427) | - | (1,427) |
| ────────── | ────────── | ────────── | |
| 36,223 | - | 36,223 | |
| ────────── | ────────── | ────────── |
12 Trustee Expenses and Transactions
During the year two trustees were repaid for out of pocket expenses totalling £2,422 (2023:£1,916). The expenses were incurred on travel, training, and other day to day running costs of the church.
During the year the total aggregated donations made to the charity by the trustee's was £36,335 (2023: £29,560).
16
Redeemer Church Chester-Le-Street
Year Ended 31st December 2024
Notes to the Financial Statements
13 Related Party Transactions
During the year one trustee and one close family relative of a trustee received remuneration for their services to the charity as employees and not for their duties as trustees. The employment remuneration payments have been authorised by the remaining members of the trustee board and under the Charities Constitution.
2024 2023 Employment remuneration: £ £ Alastair Scott 39,381 37,226 Employment remuneration: £ £ Claire Scott 2,997 3,065
17