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THE REDEEMER TRUST

Registered charity 1163805 · accounts filings on the Charity Commission register

Latest income
£233k
Latest spending
£256k
Registered
2015
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity generated a surplus of £44,002 for the year, increasing its net assets to £184,808. The trustees report that the charity is complying with its reserves policy, holding unrestricted cash of £130,741 against a target of £38,450. The going concern assessment confirms adequate resources to continue operating for the foreseeable future.

What the accounts disclose

Reserves policy: three months of unrestricted staff expenditure (held: £131k)
“The trustees have determined that the charity should aim to hold unrestricted cash of no less than £38,450 (which equates to about 3 months' of unrestricted staff expenditure)” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Alexander Passmore received £29,860 and Tom Thrower received £35,612 for serving as church leaders, not for serving as trustees.
“Alex Passmore and Tom Thrower served as church leaders and received the above payments for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document.” — page 12
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations from related parties
“Total Donations from related parties (which includes trustees, any other members of key management and anyone closely connected to them) amounted to £40,200 in the year ended 2024. (2023: £12,400). No expenses were paid on behalf of Trustees in 2023 or 2024. Except as disclosed in note 'Analysis of staff costs', there have been no other transactions with related parties during the year.” — page 14
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Leeds City

Income and spending

Financial year endIncomeSpending
31/08/2025£233k£256k
31/08/2024£261k£217k
31/08/2023£248k£180k
31/08/2022£162k£170k
31/08/2021£159k£163k

Common questions

Is THE REDEEMER TRUST financially healthy?

The accounts state that the charity generated a surplus of £44,002 for the year, increasing its net assets to £184,808. The trustees report that the charity is complying with its reserves policy, holding unrestricted cash of £130,741 against a target of £38,450. The going concern assessment confirms adequate resources to continue operating for the foreseeable future. Its FY2024 accounts were independently examined.

Who funds THE REDEEMER TRUST?

Funders whose own accounts filings name THE REDEEMER TRUST as a grant recipient include GRACE CHURCH EXETER.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmount
GRACE CHURCH EXETERFY2023£3k

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