Registered Charity Number :_ 1126373
THE REDEEMED ASSEMBLIES TRUST
TRUSTEES, REPORT
AND
FINANCIAL STATEMENTS
FOR THE YEAR END
30 April 2024
THE REDEE￿[ED ILSSEMBLIES TRUST
821 OLD KENT ROAD
LOM)ON
London
trachurch@yahoo.co.uk

THE REDEEMED ASSEMBLIES TRUST
FOR THE YEAR ENDED 30 April 2024
TRUSTEES, REPORT............................................................................................................................................
INDEPENDENT EXAMINER'S REPORT............................................................................................................
STATEMEKf OF FINANCIAL ACTIVtriES......................................................................................................
BALANCE SHEET................................................................................................................................................
NOTES TO THE FINANCIAL STATEMENTS..................................................................................................10

THE REDEEMED ASSEMBLIES TRUST
TRUSTELS, REPORT
FOR THE YEAR ENDED 30 April 2024
The Trustees present their report with the unaudited financial statements of the charity for the year
ended 30 April 2024.
REFERENCE AND ADMINISTrATIVE DEfAILS
Charity No. l 126373
Principal Office
821 Old Kent Road London
SE151NX
Trustees
The following Trustees served during the year:
s. iyi
L. OHONYON
S. OKUNDAYE
O. OMORUYI
V. EZANI
Key Management Personnel
Trustee
Trustee
Trustee
Trustee
Trustee
Chair
OSAGIE OMORUYI
LINDA OHONYON
NIAMKEY AMAN
VICTOR EZANI
PASTOR SUNDAY
SANDRA OKUNDAYE
Accountants
SA ACCOUNTANCY PRACTICE
Equitable House
l O Woolwich New Road London
SE18 6AB
Bankers
Barclays Bank PLC & Santander UK 104-108 Tower Bridge Rd, London , SEI 3NG
OBJEcfivES AND ACTivmES
The charity is governed by a constitution signed and approved by the trustees of the church
The main activity of the organisation is to extend the Gospel of the Lord Jesus Christ to the
cornmunities, having fellowship with one another for edification and supporting the emotional and
physical needs of its members and the wider community.
Our fellowships transcend across the borders of United Kingdom to the uttermost parts of the world.
other activities include-
a) relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve
the distress;
b) provide support to families to eliminate food poverty and essentials through her Foodbank and
Food Redistribution Unit.

THE REDEEMED ASSEMBLIES TRUST
TRUSTELS, REPORT
FOR THE YEAR ENDED 30 April 2024
c) provide Community residents with employment coaching and support.
d) provide Community residents food banks, and daily breakfast throughout the year 2023
e) provide temporary shelters for homeless people
fj provide music classes for youth and fitness club
ACHIEVEMEKfs AND PERFORMANCE
The organisation, through distribution of tracts, group & individual virtual evangelism has continued
to propagate the gospel throughout the communities in spite of increasing cost of living.
As a religious registered charity, numbered 1126373, our core has been to reach, teach and advance
the Christian faith and help the local community with a focus on unemployment, homelessness, anti-
social behaviour, fighting hunger/ food poverty and reducing waste.
Weekly in our Board meetings, crafting better ways to enhance the lives of our local community
takes the centre stage, hence the need to set up Care Group Centres. Our care group centres is an
online community that helps to look out for residents in need, by having care group leaders who do
everything possible to scout for those that require help and assistance. They are added to the groups
platform where we are then able to reach and touch them. Weekly, there are study sessions which
gives us in depth awareness into most of the challenges they go through. And we can categorically
say that a lot have benefitted from our counselling sessions. And our welfare scheme which is a vital
part of the Care Group centres cater to the physical needs of residents.
Certainly, we know that most times when people experience counselling and platforms are not
created to ensure they become active in responsibility groups they could slide into very dangerous
habits because of exposure to bad company. So, the Redeemed Assemblies Trust also created
the Service Teams System. Here, we created an avenue whereby all those with certain skillls or
giftings could make very productive use of them like singing, acting, playing the instruments,
maintenance, ushering, sound etc. They are able to connect with those of same expertise. And we
can boldly say that over the years, so many have been well trained while a lot have served and are
still serving in those service teams.
Even though we know we may not be able to completely solve the shelter issues of most residents,
we have really done so much in terms of providing Temporary Shelters for most residents that have
taken advantage of our Care Groups Platforms. There would have been no way we would have peace
in our heart knowing that there are still people who are unprotected from the biting cold. To a very
large extent, we can say that we have maintained a very strong commitment to a vital aspect of our
objectives which is to provide temporary homes for the homeless.
Our foodballk was awarded the Winller of 'The London Faith & Belief Conllnunity Awards 2022., Winner
Certificate was awarded for services to and for faith and belief communities in Greater London
Tlie church, The Redeemed Assemblies Trust was also awarded Southivark Faith & Belief Awards 2022
Runner Up. Awarded in recognition for outstanding work serving the residents of Southwark.
The church, The Redeemed Assemblies Trust was also awarded Southivark Faith & Belief Aivards 2024
RECOGNISED presented to the breakfast club of The Redeemed Assemblies Trust for outstanding work
servillg the residents of the comtllullity

THE REDEEMED ASSEMBLIES TRUST
TRUSTELS, REPORT
FOR THE YEAR ENDED 30 April 2024
The church, The Redeemed Assemblies Trust was also awarded Southivark Faith & Belief Awards 2024
Winner "Cost of Living Crisis Support". Awarded in recognition for outstanding work serving the residents of
Southwark.
Over the recent period, according to reporLlrecord on 'foodiverse'. our conllnunity impact shoivs that we have
provided the collllnullity ivith 1.230.337.0 (over a millioll) meals equivalent, through 5 11,354.Okg (over 511
tons) of collected food savillg 1,490,684.Okg of C02
During this financial year, there was an increase in the supply of our food bank, including deliveries.
Over £370,000 worth of food, essentials and other support given to the community members. There
were other foreign missions, projects some including Benue Community Water Project in Nigeria,
Onwubiko in Ivory Coast Mission, among other projects.
There was no change of trustees of The Redeemed Assemblies Trust during this period. All
necessary administrative activities to support change of trustees were completed, submitted and
documented.
The Men's, Women's, Youth and Children ministries marked their respective yearly anniversaries by
organising forums to discuss various issues related to men, women, youth, children and family
relationships. These programmes also attracted a lot of participants and helped resolve a lot of
domestic issues. The church also organised marriage seminars to help married couples in and out of
church community. Though this year was challenging, by the grace of God we were still able to reach
many with the help of technology and we are looking forward to operating differently when we go in
person with the experience gained during this difficult time.
PLANS FOR FLrruRE PERIODS
The Redeemed Assemblies Trust is always committed to focusing on our established vision until we
have achieved our mission. Our acclaimed purpose has really propelled us to stick to the visions as
spelt out as follows;
1)Open more branches in the UK.
2) Continue to affect the local community in a positive way.
3) Continue to offer support in cash and in kind to the needy.
4) Pioneer a music school to involve the youth in our community.
5) To set up coffee morning to engage the elderly in our community
srRUCTURE GOVERNANCE AND MANAGEMEKr
It is our hope and prayer that through our dedication and hard work, the Lord will bless and help us to
achieve our purpose. The organisation's commitment to maintaining a positive momentum over the
coming years is to offer excellent value for money. We also want to continue to develop a healthy
and attractive relationship with our members and the entire community.
ststement of trustees, responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees, annual report and financial statements
in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
The Trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and to enable them to ensure that the

THE REDEEMED ASSEMBLIES TRUST
TRUSTELS, REPORT
FOR THE YEAR ENDED 30 April 2024
financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and
Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for
safeguarding the assets of the charity and hence taking reasonable steps for the prevention and
detection of fraud and other irregularities.
The Charity Act 1993 requires the trustees to prepare financial statements for each financial year
which give a true and fair view of the charity's financial activities during the year and of its financial
position at the end of the year. In preparing these financial statements, the trustees are required to:
Signed on behalf of the charity's trustees
s. iyi
Trustee Chair
30 April 2024

THE REDEEMED ASSEMBLIES TRUST
FOR THE YEAR ENDED 30 April 2024
Indepen￿ Examlnerfs Report to the trustses of THE REDEEMED ASSEMBUES TRusr
I report to the trustees on my examination of the accounts of THE REDEEMED ASSEMBLIES TRUST
for the year ended 30 April 2023 which comprise the Statement of Financial Activities, the Balance
Sheet, the Statement of Cash Flows and the related notes.
Responsibilities arKI basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with
the requirements of the Charities Act 2011 ('the Act,). The trustees consider that an audit is not
required for this year under the Charities Act 201 I, s.144(2) (the 2011 Act) and that an independent
examination is needed.
I report in respect of my examination of the charity's accounts 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 examinerfs ststement
As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed
in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination by being a
qualified member of FCCA, FAIA.
I have completed my examination. I can 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:
the accounting records were not kept in respect of the charity as required by section 130 of the
Act; or
the accounts do not accord with those records; or
the accounts did 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.
Mark Essandoh FCCA, FAIA
SA ACCOUNTANCY PRACTICE
Equitable House
l O Woolwich New Road London
SE18 6AB
30 April 2024
SA Accountancy
Prnctlc• Limitod

THE REDEEMED ASSEMBLIES TRUST
FOR THE YEAR ENDED 30 April 2024
Recommended categories by
actii.ity
Notes
UDrestricted funds
Total Funds 2024
Total Funds 2023
Income ¥4nd endowments
from:
Donations and legacies
866,103.56
866,103.56
556,845.57
Charitable activities
336,567.83
336,567.83
139,430.00
Total
1,202,671.39
1.202,671.39
696,275.57
Expendlture on:
Raising funds
282,092.72
282,092.72
176,069.52
Charitable activities
826,240.90
826,240.90
566,468.67
Other
8,287.00
8,287.00
14,765.00
Total
1,116,620.61
1,116,620.61
757J03.19
Net Incomel(expendlture)
86,050.78
86,050.78
(61,027.62)
Net movement ID funds
86.050.78
86,050.78
(61.027.62)
Reconciliation of funds:
Total funds brought forward
289,148.86
289,148.86
350,176.48
Total funds carrled forward
375,199.64
375,199.64
289,148.86

THE REDEEMED ASSEMBLIES TRUST
BALANCE SHEET
FOR THE YEAR ENDED 30 April 2024
Recommended categories by
actii.ity
Notes
UDrestricted funds
Total Funds 2024
Total Funds 2023
Fixed assets
Tangible assets
181,506.00
181,506.00
183,315.00
Total fixed assets
181,506.00
181,506.00
183J15.00
Current assets
Cash at bank and in hand
79,401.43
79,401.43
141,355.98
Total current assets
79.401.43
79,401.43
141J55.98
Creditors: amounts falling due
vithill Olle year
10
18,963.50
18,963.50
11,380.00
Net current assetsl(liabilities)
60.437.93
60,437.93
129.975.98
Total assets less current
liabilities
241943.93
241,943.93
313290.98
Creditors: amounts falling due
after one year
11
24,142.12
Tot¥41 llet assets or liabilities
241943.93
241,943.93
289,148.86
Funds of the Charity
Unrestricted funds
12
375,199.64
375,199.64
289,148.86
Restricted income funds
12
Endowment funds
12
Total funds
375,199.64
375,199.64
289,148.86
The fu￿nCIal statements were approved by the Board on 16-Dec-2024 and signed on its behalf by:
Apostle Sunday Iyi
chairn￿n

THE REDEEMED ASSEMBLIES TRUST
FOR THE YEAR ENDED 30 April 2024
l Accounting Policies
1.1 Accounting Policies
The principal accounting policies adopted by the Clwity, which is a public benefit entity, in tbe preparatloll of the
accounts are as folloivs.
1.2 Basls of pi'epai"atlo
These accounts have been prepared under the historical cost convention, as modified by the inclusion of clwitable
properties alld f￿ed asset investments and illvestment properties at valuation.
These accounts have been prepared in accordance ivith "Accounting and Reporting by Charities.. Statement of
Reconllnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Stalldard applicable ill the UK alld Republic of Irelalld {FRS 102)" (effective l January 2019) - (Charities SORP
(FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the
Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.3 Golllg concei
The Trustees have prepared f￿anCIal projections, taking into consideration the current economic conditions and
have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to
contillue in operatlollal existellce for the foreseeable future. Thus they Colltinue to adopt the going concern basis of
accounting in preparing the accounts.
2 Income from Donations and Legacies
UDrestricted
funds
Total funds
2024
Totgdl funds
2023
AnalTrsls
Gift Aid
Other
Tithes & Offerings
224,348.28
2,000.00
639,755.28
866.103.56
224,348.28
2,000.00
639,755.28
866,103.56
188,167.21
5,254.88
363,423.48
556,845.57
3 Income from Chaiitable Activities
Unrestricted
funds
Total funds
2024
Total funds
2023
ADAIysis
Food Bank Donations in Kind
336,567.83
336,567.83
336,567.83
336.567.83
139,430.00
139,430.00
10

THE REDEEMED ASSEMBLIES TRUST
FOR THE YEAR ENDED 30 April 2024
4 Expenditure on Raising Funds
Total funds
2024
Total ￿llds
2023
An¥4h"sis
Departmelltal Expellses
Support Costs
19,332.06
262,760.66
282.092.72
13,652.81
162,416.71
176,069.52
5 Expenditure on Charitable Activities
Totydl fllnds
2024
Totydl fllnds
2023
Analysis
Mission
Printing and stationery
Legavprofessiollal fees
Rellt-Premises Costs
Comtnullity Outreach Expenses
Food Baith Donations in Kind
Travelling Cost
Light, Heat & Power
Support Costs
38,363.96
1,053.66
38,749.15
68,748.47
53,495.73
333,580.95
21.887.81
7,600.51
262,760.66
8?6,240.90
3,416.44
41,421.33
156,853.12
30,681.37
139,430.00
23,578.30
8,671.40
162,416.71
566,468.67
11

THE REDEEMED ASSEMBLIES TRUST
FOR THE YEAR ENDED 30 April 2024
6 Support Costs
Total funds
2024
Tot¥dl funds
2023
AnalTr"sis
Wages and salaries
Repairs & Maintenance
Fuel Expenses
Legal & Professional Cost
Telephone, Mobile & Illternet
Medical Bills-staff Welfare
Pension Expenses
Temporary Staff & Recruitment
Staff Training
Staff Welfare
Insurance
PAYE Taxes
Honorarium Payments
190,609.72
46,992.54
463.21
69,725.18
970.84
159.20
4,532.80
10,770.00
19,792.08
153,981.34
3,550.82
21,147.08
2,826.50
525,521.31
165,306.52
16,096.57
983.20
58,654.18
1,733.49
10,572.24
5,462.10
4,600.(M)
7,995.00
34,959.00
975.58
16,018.35
1,477.19
324,833.42
7 Other Expenditure
Unrestricted
funds
Total funds
2024
Total funds
2023
AnalTr'sis
Depreciation Charge for the Year - Plant &
Machillery
Depreciation Charge for tbe Year - Motor
Vehicles
8,287.00
8,287.00
8,287.00
6,478.00
8.287.00
8,287.00
14,765.00
12

THE REDEEMED ASSEMBLIES TRUST
FOR THE YEAR ENDED 30 April 2024
8 Tangible Fixed Assets
8.1 Cost or Tr"gluation
Freehold Land &
Buildings
Plant & Machinery
Motor Vehicles
At 01 May 2023
Additions
179,724.00
41,433.00
32,389.00
Disposals
Revaluations
Transfers
At 30 April 2024
179,724.00
41,433.00
32,389.00
8.2 Amortisation and impairments
Freebold Land &
Buildings
Plant & Machinery
Motor Vehicles
At 01 May 2023
Additions
3 1,364.00
32,389.00
8,287.00
Disposals
Revaluatlolls
Transfers
At 30 April 2024
39,651.00
32.389.00
8.3 Net book value
Freehold Land &
Buildings
Plant & Machinery
Motor Vehicles
At 01 May 2023
At 30 April 2024
179,724.00
10,069.00
179,724.00
1,78?.00
13

THE REDEEMED ASSEMBLIES TRUST
FOR THE YEAR ENDED 30 April 2024
9 Cash at bank and in hand
Total funds
2024
Total ￿llds
2023
Cash at bank and on hand
79,401.43
79.401.43
141,355.98
141,355.98
10 Creditors: Amounts falling due within one year
Total funds
2024
Total ￿lld$
2023
Bank loans and overdrafts
18,963.50
18.963.50
11,380.00
11,380.00
11 Creditoi"s: Amounts falling due after one year
Total funds
2024
Total funds
2023
Bank loans and overdrafts
24,142.12
24,142.12
14

THE REDEEMED ASSEMBLIES TRUST
FOR THE YEAR ENDED 30 April 2024
12 Charity funds
12.1 Details of mateiial funds beld alld movements dlliillg the c[TRRE￿ I'epoilillg peiiod
Fund
balances
brought
forward
Fund
balances
carried
forward
Fund names
Income
Expenditure
Transfers
Gains and
losses
I nrestrlcted
funds
289,148.86 1,202,671.39
{1,116,620.6
i)
375,199.64
Total
289,148.86 1,202,671.39
{1,116,620.6
i)
375,199.64
12.2 Details of matei'ial funds held movemellts dllI￿g the PREVIOUS I'epoi*Rllg peiiod
Fund
balances
brought
forn'ard
Fund
balances
carried
forward
Income
Expenditure
Galns and
losses
Fund names
Transfers
Unrestricted
funds
350.176.48
696,275.57 (757,303.19)
289,148.86
Tot¥41
350,176.48
696,275.57 (757,303.19)
289,148.86
12.3 Transfers between funds
Thls Year
Amount
Betsveen unrestricted and restricted funds
Betiveen endowment and restricted funds
Bettveen endowment and unrestricted funds
Last Year
15

THE REDEEMED ASSEMBLIES TRUST
FOR THE YEAR ENDED 30 April 2024
Amount
Between unrestricted and restricted funds
Betiveen endowment and restricted funds
Betsveen endowment and unrestricted funds
16