Registered Charity no. 1190342
## **Redeemer Church Folkestone**
## **Trustees Annual Report and Accounts**
**Year Ended 31st August 2024**
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## **Wyatt & Co**
Chartered Accountants 125 Main Street, Garforth Leeds LS25 1AF
## **Redeemer Church Folkestone**
**Year Ended 31st August 2024**
## **Contents Page**
||**Page**|
|---|---|
|Legal and Administrative Information|**1**|
|Trustee's Annual Report|**2**|
|Independent Examiners Report|**4**|
|Statement of Receipts and Payments|**5**|
|Statement of Assets and Liabilities|**6**|
|Notes to the Financial Statements|**7**|
## **Redeemer Church Folkestone**
## **Year Ended 31st August 2024**
## **Legal and Administrative Information**
## **Reference**
The Charity is called “Redeemer Church Folkestone”. The Church is registered with the Charity Commission for England and Wales and was registered as a CIO on the 10th July 2020.
**Registered Charity Number** 1190342 **Registered Office** 160 Shorncliffe Road Folkstone CT20 3PD **Website** https://www.redeemerfolkestone.org/ **Trustees at 31st August 2024** Jonathan Sutton Richard Barrett Glen Yorke **Primary Bankers** Unity Trust Bank PO Box 7193, Planetary Road Willenhall WV1 9DG **Independent Examiner** Nigel Wyatt BSC FCA Wyatt & Co Chartered Accountants 125 Main Street Garforth Leeds LS25 1AF
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## **Redeemer Church Folkestone**
## **Year Ended 31st August 2024**
## **Trustee's Annual Report**
## **Objectives and Activities**
The Trust, Redeemer Church Folkestone, is established to advance the Christian religion in accordance with our church constitution. This includes the weekly preaching of the gospel in Folkestone, discipleship of church members, children’s work, Christianity Explored/ Hope Explored courses, and continued support of a ministry trainee through bible college. Through its activities, the church seeks to disciple existing Christians, lead others to faith, encourage children and young people and support the training of new ministers.
The Church exists primarily, though not exclusively in the town of Folkestone and the trustees employ one full-time Minister.
The church staff, along with volunteer members of the congregation, aim to carry out the church's objectives through a variety of activities. The weekly church services and the day-to-day discipleship of church members are the main activities used to meet the aims of the charity.
## **Public Benefit Statement**
In considering the activities, the Trustees have had regard to the guidance issued by the Charity Commission on public benefit.
## **Achievement and Performance**
During the year, the church has held weekly meetings for worship, prayer, teaching and evangelism which have been open to all. We have moved from our previous meeting venue to a new area of Folkestone which has enabled up to change our main Sunday gathering from an afternoon meeting to a morning meeting. As a result, we have seen a number of people from the local community attend over the last year. In addition to Sunday service we have run:
•Several outreach events to the local community.
•Several leaflet drops in the area around the new venue.
•Continue to support a ministry trainee through bible college.
•Successfully operated another three-day holiday bible club which attracted a number of families from the local community.
•A family Christmas party as part of wider Christmas events.
•We continue to run two small groups for church members.
•Support a church member through training as an air craft engineer with Mission Aviation Fellowship.
•Held dedicated theology teaching sessions.
## **Financial Review**
The activities of the charity for the year ending 31st August 2024 resulted in an income of £40,394 and expenditure of £64,272 this lead to a deficit of £23,878 during the year.
At the year end the unrestricted funds held by the church were £68,565.
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## **Redeemer Church Folkestone**
## **Year Ended 31st August 2024**
## **Trustee's Annual Report**
## **Reserves Policy**
Redeemer Church Folkestone holds a reserves policy that is reviewed annually. Alongside which, the level of reserves held by the church is monitored and managed in accordance with the policy.
The current reserves policy states that the church aims to maintain a level of reserves that is sufficient to cover six months of operating expenses (£32,000). The level of reserves is defined as unrestricted funds that are available to be used for any purpose of Redeemer Church Folkestone. The reserves held at the end of the year ending 31st August 2024 were £68,565. The Trustees recognise that this is above the desirable level of reserves set out in the policy but as the church is in its formative years the Trustees agree to hold a higher level of reserves to ensure the future of Redeemer Church Folkestone.
## **Volunteers**
The church makes significant use of volunteers to run its activities. Other than the pastor, all activities are undertaken by volunteers. This includes facilitating the church services, midweek activities and other one-off events as well as organising and managing key parts of the church activities such as children’s work. The church relies on volunteers to manage some of the key aspects of the running of the charity such as the treasurer.
The church also relies on the financial donations of volunteers and other churches/trusts to further its aims.
## **Plans for the Future**
As much as is in our power we plan to continue with our established meetings (Sunday morning, midweek meetings) as well as our children's work. We plan to continue our pattern of 3 main outreach opportunities over the course of the year (Easter, Summer Holiday Club, Christmas) with-in the local community. We have designed an invitation/outreach flyer which we aim to distribute to the whole of Folkestone and the surrounding area in early 2025. Finally, we are continuing discussion regarding outreach opportunities over and above what we already run.
## **Structure, Governance and Management**
We operate an ‘elders as trustees' model in which the two church elders are two of the three trustees, and the third trustee is a former elder of our sending church Emmanuel Church Canterbury.
Existing Trustees are authorised to appoint new Trustees which is done on discussion with the church elders and the wider church membership. The Trustees govern the financial aspects of the church and ensure the charity continues to meet its aims. The pastor, along with the church elders are responsible for the day-to-day running of the charity and will make decisions within the parameters set by the Trustees such as budget constraints. All spending on behalf of the church has to be duel authorised by two of the trustees with no single trustee able to submit and authorise any expense or payment.
## **Approved by the Trustees**
## Glen Yorke
**Name of Trustee:**
───────────────────────────────────────────────────
**Signed on behalf of the Trustees:**
─────────────────────────────────────────────────── 23/06/2025
**Date of approval:**
───────────────────────────────────────────────────
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## **Redeemer Church Folkestone**
## **Year Ended 31st August 2024**
## **Independent Examiners Report**
I report to the trustees on my examination of the financial statements of Redeemer Church Folkestone ('the charity') for the year ended 31st August 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:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the financial statements do not accord with those records; or
3. 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.
Nigel Wyatt BSC FCA Date: 24/06/2025 Independent Examiner 125 Main Street Garforth Leeds LS25 1AF
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## **Redeemer Church Folkestone**
## **Year Ended 31st August 2024**
## **Statement of Receipts and Payments**
||||**2024**||2023|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|**Total**||
|||Funds|Funds|**Funds**|Total Funds|
||**Note**|£|£|**£**|£|
|**Receipts**||||||
|Donations and legacies|**2**|40,394|-|**40,394**|46,825|
|||──────────|──────────|──────────|
──────────|
|**Total Receipts**||40,394|-|**40,394**|46,825|
|||──────────|──────────|──────────|
──────────|
|**Payments**||||||
|Payments on charitable activities|**3**|64,272|-|**64,272**|57,923|
|||──────────|──────────|──────────|
──────────|
|**Total Payments**||64,272|-|**64,272**|57,923|
|||──────────|──────────|──────────|
──────────|
|||──────────|──────────|──────────|
──────────|
|**Net Receipts / (Payments)**||(23,878)|-|**(23,878)**|(11,098)|
|||──────────|──────────|──────────|
──────────|
|**Net Movement in Funds (Cash)**||||||
|Total funds (cash) brought forward||92,443|-|**92,443**|103,541|
|Transfers||-|-|**-**|-|
|||──────────|──────────|──────────|
──────────|
|**Total Funds (Cash) Carried Forward**|**7**|**68,565**|**-**|**68,565**|92,443|
|||──────────|──────────|──────────|
──────────|
|**Represented by**||||||
|General (unrestricted)||68,565|-|**68,565**|92,443|
|Restricted funds||-|-|**-**|-|
|||──────────|──────────|──────────|──────────|
|**Total Funds Carried Forward**||**68,565**|**-**|**68,565**|92,443|
|||──────────|──────────|──────────|──────────|
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## **Redeemer Church Folkestone**
## **Year Ended 31st August 2024**
## **Statement of Assets and Liabilities**
As the accounts are prepared on a cash basis there is no formal Balance Sheet or Statement of Financial Position. Instead, a statement of assets and liabilities is outlined giving an indication of the charity's assets at the year end.
The fixed asset value stated below is based on the church's insurance cover during the year.
||**2024**|2023|
|---|---|---|
||**£**|£|
|**Fixed Assets**|||
|Tangible fixed assets|4,591|4,591|
||──────────|──────────|
||**4,591**|4,591|
|**Current Assets**|||
|Cash at bank and petty cash|68,565|92,443|
||──────────|──────────|
||**68,565**|92,443|
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## **Redeemer Church Folkestone**
## **Year Ended 31st August 2024**
## **Notes to the Financial Statements**
## **Basis of Preparation**
The financial statements have been prepared on a cash basis when receipts and payments take place through the bank account or petty cash.
## **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 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 or the term of specific appeal, often known as a ‘special offering’ in the church.
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 and the money has been paid.
## **Resources Expended**
Expenditure is recognised on a cash basis when payments have been made through the bank account or by petty cash.
## **Taxation**
The charity is exempt from tax on its charitable activities.
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## **Redeemer Church Folkestone**
## **Year Ended 31st August 2024**
## **Notes to the Financial Statements**
|**2 **|**Analysis of Receipts**||||
|---|---|---|---|---|
|||Unrestricted|Restricted|**Total Funds**|
|||Funds|Funds|**2024**|
|||£|£|**£**|
||**Donations and Legacies**||||
||Donations and offerings|26,512|-|**26,512**|
||Gift aid|13,882|-|**13,882**|
||Donation from planting church|-|-|**-**|
||**Other Income**||||
||Other income|-|-|**-**|
|||──────────|──────────|──────────|
||**Total Receipts**|**40,394**|**-**|**40,394**|
|||──────────|──────────|──────────|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2023|
|||£|£|£|
||**Donations and Legacies**||||
||Donations and offerings|36,625|-|36,625|
||Gift aid|-|-|-|
||Donation from planting church|10,000|-|10,000|
||**Other Income**||||
||Other income|200|-|**200**|
|||──────────|──────────|──────────|
||**Total Receipts**|46,825|-|46,825|
|||──────────|──────────|──────────|
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## **Redeemer Church Folkestone**
## **Year Ended 31st August 2024**
## **Notes to the Financial Statements**
|**3 **|**Payments on Charitable Activities**||||
|---|---|---|---|---|
|||Unrestricted|Restricted|**Total Funds**|
|||Funds|Funds|**2024**|
||**Charitable Activities**|£|£|**£**|
||Administration|5,675|-|**5,675**|
||Building|6,279|-|**6,279**|
||Communications|668|-|**668**|
||Discipleship & Evangelism|286|-|**286**|
||Giving|6,500|-|**6,500**|
||Pastor expenses|17,309|-|**17,309**|
||Safeguarding /children's work|811|-|**811**|
||Staff salaries|26,719|-|**26,719**|
||Staff expenses|25|-|**25**|
||Supplies|-|-|**-**|
|||──────────|──────────|──────────|
|||64,272|-|**64,272**|
|||──────────|──────────|──────────|
||Unrestricted|Restricted|Total Funds|
|---|---|---|---|
||Funds|Funds|2023|
|**Charitable Activities**|£|£|£|
|Administration|4,619|-|4,619|
|Building|5,616|-|5,616|
|Communications|277|-|277|
|Giving|3,500|-|3,500|
|Pastor expenses|16,472|-|16,472|
|Safeguarding /children's work|162|-|162|
|Staff salaries|26,781|-|26,781|
|Staff expenses|230|-|230|
|Supplies|224|42|266|
||──────────|──────────|──────────|
||57,881|42|57,923|
||──────────|──────────|──────────|
## **4 Volunteers**
The church benefits greatly from the voluntary contributions of time and money from its regular attendees. Please refer to the trustee's report for further details about volunteer contributions in the organisation.
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## **Redeemer Church Folkestone**
## **Year Ended 31st August 2024**
## **Notes to the Financial Statements**
## **5 Trustee Remuneration and Expenses**
During the year ended 31 August 2024 Jonathan Sutton received remuneration of £26,150 (2023: £22,005), pension contributions of £2,615 (2023:2,615) and received the provision of residential accommodation. This was received for Jonathan's role as Minister and was not for his role as Trustee.
During the year ended 31 August 2024, 2 Trustees incurred out-of-pocket expenses totaling £5,134 (2023:£2,236). All expenditure were incurred for the day-to-day running of the church.
## **6 Related Party Transactions**
There were no related party transactions which took place during the year.
## **7 Analysis of Charitable Funds**
||1 Sept 2023|Receipts|Payments|Transfers **31 Aug 2024**|Transfers **31 Aug 2024**|
|---|---|---|---|---|---|
||£|£|£|£|**£**|
|**Unrestricted Funds**||||||
|General|92,443|40,394|(64,272)|-|**68,565**|
||──────────|──────────|──────────|──────────|──────────|
|**Total Unrestricted**|**92,443**|**40,394**|**(64,272)**|**-**|**68,565**|
||──────────|──────────|──────────|──────────|──────────|
|**Restricted Funds**||||||
|Church bibles|-|-|-|-|**-**|
||──────────|──────────|──────────|──────────|──────────|
|**Total Restricted**|**-**|**-**|**-**|**-**|**-**|
||──────────|──────────|──────────|──────────|──────────|
||──────────|──────────|──────────|──────────|──────────|
|**Total**|**92,443**|**40,394**|**(64,272)**|**-**|**68,565**|
||──────────|──────────|──────────|──────────|──────────|
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## **Redeemer Church Folkestone**
## **Year Ended 31st August 2024**
## **Notes to the Financial Statements**
## **Analysis of Charitable Funds cont.**
||1 Sept 2022|Receipts|Payments|Transfers **31 Aug 2023**|Transfers **31 Aug 2023**|
|---|---|---|---|---|---|
||£|£|£|£|**£**|
|**Unrestricted Funds**||||||
|General|103,499|46,825|(57,881)|-|**92,443**|
||──────────|──────────|──────────|──────────|──────────|
|**Total Unrestricted**|**103,499**|**46,825**|**(57,881)**|**-**|**92,443**|
||──────────|──────────|──────────|──────────|──────────|
|**Restricted Funds**||||||
|Church bibles|42|-|(42)|-|**-**|
||──────────|──────────|──────────|──────────|──────────|
|**Total Restricted**|**42**|**-**|**(42)**|**-**|**-**|
||──────────|──────────|──────────|──────────|──────────|
||──────────|──────────|──────────|──────────|──────────|
|**Total**|**103,541**|**46,825**|**(57,923)**|**-**|**92,443**|
||──────────|──────────|──────────|──────────|──────────|
## **Fund Descriptions**
**Restricted Funds** Church bibles
Gift given for the purchase of church bibles.
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