DocuSign Envelope ID: 164AA2A7-D59F-4E69-9703-47ED1BCF5608
**Charity Registration No. 1162733**
**Company Registration No. 08677110 (England and Wales)**
## **REDEEMED CAMP**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 SEPTEMBER 2021**
DocuSign Envelope ID: 164AA2A7-D59F-4E69-9703-47ED1BCF5608
## **REDEEMED CAMP**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mr B O Giwa|
|---|---|
||Mrs D O Giwa|
||Miss O I Dele-Giwa|
||Mrs L O Brown|
||Mr M Magbagbeola|
|**Secretary**|Miss O I Dele-Giwa|
|**Charity number**|1162733|
|**Company number**|08677110|
|**Registered office**|3rd Floor|
||86-90 Paul Street|
||London|
||EC2A 4NE|
|**Independent examiner**|Noel Aloko FCCA|
||abacus azure|
||Chartered Certified Accountants|
||85-87 Bayham Street|
||London|
||NW1 0AG|
|**Bankers**|Cooperative Bank|
||1 Balloon Street|
||Manchester|
||M60 4EP|
||Cambridge & Counties Bank Limited|
||Charnwood Court|
||5B New Walk|
||Leicester|
||LE1 6TE|
||Aldermore Bank Plc|
||1st floor|
||Block B Western House|
||Lynch Wood|
||Peterborough|
||PE2 6FZ|
DocuSign Envelope ID: 164AA2A7-D59F-4E69-9703-47ED1BCF5608
## **REDEEMED CAMP**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 7|
|Independent examiner's report|8|
|Statement of financial activities|9|
|Balance sheet|10|
|Notes to the financial statements|11 - 16|
DocuSign Envelope ID: 164AA2A7-D59F-4E69-9703-47ED1BCF5608
## **REDEEMED CAMP**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2021**_
The trustees present their annual report and financial statements for the year ended 30 September 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)
## **Objectives and activities**
The Charity's objects are to further such exclusively charitable purposes under the law of England and Wales in any part of the world, within a Christian ethos, as the Directors may in their discretion think fit, and in particular (without prejudice to the generality of the foregoing):
(a) the advancement of the Christian faith for the public benefit in accordance with the holy bible.
(b) to relieve those in need by reason of financial hardship and sickness by providing or assisting in the provision of grants, items and services to individuals in need and/or charities, or other organisations’ with similar objects and by providing all the necessary support designed to enable individuals generate a sustainable income and be self-sufficient.
(c) to advance education by providing learning tools, educational resources and training programs.
T here have been change s in these during the year.
## **The focus of our work**
All our charitable activities focus on supporting individuals and families facing social challenges and reducing the strain of everyday life by offering resources that make a difference. They are all undertaken to further our charitable purposes for the public benefit.
This financial year, Redeemed Camp has advanced its objects primarily through its arms – Adun, the Library, For The Sake of Heaven & Public Outreach.
- a. Adun is the grant making and support providing arm of the Charity. Its purpose is to make well those in need of wellness; either through the provision of financial grants, material contributions or undertaking projects that positively impact quality of life.
- b. The Redeemed Camp Library hosts a digital collection of e-books made freely accessible globally for referencing and borrowing. It is a convenient mobile digital reading tool that makes life-impacting books available at the click of a button and on every device. The library forms part of the Redeemed Camp initiative to facilitate social mobility by making access to life impacting tools freely accessible. The library collection includes titles that cover literature, Classics, socio-economic and faith subjects authored by pastors, life coaches, inspirational and motivational bestselling writers.
- c. Through For The Sake of Heaven (FTSOH), Redeemed Camp’s digital Op-ed, we offer different perspectives on God and how man might have a fruitful fellowship with him. We also have an active prayer request service online and on social media. Thousands of people from around the world use these free interactive services to their benefit.
## **Ensuring our work delivers our aims**
We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. We also assess the success of each key activity and the benefits they have brought to those groups of people we aim to help. The review helps us ensure our aims, objectives and activities remained focused on our stated purposes.
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DocuSign Envelope ID: 164AA2A7-D59F-4E69-9703-47ED1BCF5608
## **REDEEMED CAMP**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2021**_
We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
## **Achievements and performance**
We have benchmarked the Charity’s performance in the last 12 months against the strategic plans set out in our trustees Report for the previous financial year.
## _**1. Increased investment in library titles to boost collection by 50%**_ :
In the 2020/21 a sum of £15,728 was invested in the Library and other education initiatives. EBSCO, our library system partner, has recently developed an app that adds another dimension to library user access. We hope this will encourage increased use of the library over time.
## _**2. Connected Communities:**_
During the year we undertook prayer campaigns in Ethiopia and ministered to about 500 individuals. The social media prayer and scripture group grew from 2100 to 3300.
## _**3. Digital Op-ed blog:**_
For the Sake of Heaven remains an effectual pull towards our take on scripture. It’s also a tool for engaging with followers on social media where articles written on FTSOH were shared and passionately debated. A direct consequence of this was an increase in visits to the website and an uptake in the sharing of old and new contents from the magazine.
## _**4. Adun:**_
In 2020/21 we positively impacted the lives of several individuals and families. We issued monetary grants worth £3,143 (2019/20: £3,471). We liaised with Care4Calais to support the Afghan refugee relief initiative, delivering clothes and suitcases to those in need.
## _**3. Increase social media following for greater audience reach:**_
Google reported that 58,952 people (+6.31%) interacted with 88,940 pages (+3.37%) on the previous 12 months. These increases were fuelled by visits from those signposted to the website through our social media campaigns. Redeemed Camp has kept her number one position in online search ranking on major web search engines, including google, Microsoft Edge and Yahoo.
Facebook remains our marketing vehicle of choice and the results impacted both visibility and reach of our services. For The Sake of Heaven (FTSOH), Redeemed Camp’s digital Op-ed also finds platforms on Facebook, Twitter and Instagram pages. It resulted in increase in Facebook following from 9,217 in 2020 to 10,400 (+12.8%). Social media posts reached 6.1m people (+9.3%), and 21m impressions – the number of times posts were seen on Facebook (+34%). We reached 49,540 (+156.7%) people on Instagram and gained 284 followers.
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DocuSign Envelope ID: 164AA2A7-D59F-4E69-9703-47ED1BCF5608
## **REDEEMED CAMP**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2021**_
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DocuSign Envelope ID: 164AA2A7-D59F-4E69-9703-47ED1BCF5608
## **REDEEMED CAMP**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2021**_
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DocuSign Envelope ID: 164AA2A7-D59F-4E69-9703-47ED1BCF5608
## **REDEEMED CAMP**
**TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2021**_
## **Financial review**
The principal funding sources for the Charity remain donations and gifts from its members. The Charity raised a total income of £54,141(2020: £38,901).
Total expenditure for the year is £24,627 (2020: £25,859).
## **COVID-19 impact**
COVID-19 has largely not impacted the Charity’s income, nor its liquidity. However, due to the imposed numerous lockdowns, it has limited our capacity to provide support through Adun via our usual channels to individuals facing hardship. Our approach has always been to provide on the ground face to face interactions, however we are now focusing on increasing visibility on digital platforms and channelling support through them.
## **Reserves Policy**
The trustees have examined the Charity's requirements for reserves considering the main risks to the organisation. It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to 24 month’s expenditure. The trustees believe that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. At the end of the period the Charity reported £139,455 in reserves.
Redeemed Camp has adequate resources to continue its operational existence for the foreseeable future. The trustees believe that it is appropriate to continue to adopt the going concern basis in preparing the annual trustees report and financial statements.
## **Investment Policy**
The Charity currently has a policy of keeping any surplus liquid funds in cash at banks where immediate access and security of funds are guaranteed.
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DocuSign Envelope ID: 164AA2A7-D59F-4E69-9703-47ED1BCF5608
## **REDEEMED CAMP**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2021**_
The trustees has assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
The key risks identified in developing and delivering the Charity’s future plans are directly related to the lasting impact of Covid-19 and possible restrictions that might further limit the Charity’s ability to deliver individual support through Adun to those desperately in need. The Charity will seek to mitigate this by reviewing current delivery channels, maintaining and developing new partnerships with frontline organisations to provide targeted assistance where it will have the greatest impact.
## **Plans for future periods**
Redeemed Camp intends to continue making a positive difference to society through its charitable work, reducing the strain of everyday life by offering resources that make a difference and growing the platform where everyone is empowered to be the best version of themselves and positively impact their local community. Delivering on this kind of commitment, especially when factoring the impact of Covid requires very different ways of working for charities, adaptation of delivery models as well as the development of new partnerships and skills.
In the forthcoming year, we aim to:
Undertake a redesign of our website
Explore investing in a dedicated resource to manage and further improve the Charity’s social media presence
Explore opportunities to maximise support to individuals most in need through Adun
Further build our Connected Communities platform by active engagement and increasing content Increase library membership by a further 20%
## **Structure, governance and management**
The Charity is a company limited by guarantee , incorporated on the 4th of September 2013 and registered as a charity on the 20th of July 2015.
The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association .
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr B O Giwa
Mrs D O Giwa Miss O I Dele-Giwa Mrs L O Brown Mr M Magbagbeola
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DocuSign Envelope ID: 164AA2A7-D59F-4E69-9703-47ED1BCF5608
## **REDEEMED CAMP**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2021**_
## **Trustee Selection**
Under the requirements of the Memorandum and Articles of Association the Directors are elected to serve for a period of three years after which they may retire or may be re-elected for up to a further two terms, each of three years.
The directors of the company are also charity trustees for the purposes of charity law and under the company’s Articles are known as the Directors.
The trustees meet quarterly and are responsible for the strategic direction and policy of the Charity.
All Directors give their time voluntarily and received no benefits from the C harity.
Due to the nature of the C harity’s objectives much of the C harity’s work inevitably focuses upon the disadvantaged and minorities in society. The Directors seek to ensure that the needs of these people are appropriately reflected through the diversity of the trustee body. Also, the more traditional business skills required to operate a business are well represented on the Board of Directors.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
## **Trustees Induction and Training**
In the organisation, both new and old trustees are required and encouraged to attend a series of short training sessions to familiarise themselves with the C harity and the context within which it operates and cover:
- The Obligations of trustees
- The Main documents which set out the operational framework for the C harity including the Declaration of Trust
- Resourcing and the current financial position as set out in the latest available accounts
## **Supplier payment policy**
The charity's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).
The charity's current policy concerning the payment of trade creditors is to:
- settle the terms of payment with suppliers when agreeing the terms of each transaction;
- ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and
- pay in accordance with the charity's contractual and other legal obligations.
Trade creditors of the charity at the year end were equivalent to 30 day's purchases, based on the average daily amount invoiced by suppliers during the year.
The trustees' r eport was approved by the Board of Trustees.
Mr B O Giwa **chairman**
23 January 2022
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DocuSign Envelope ID: 164AA2A7-D59F-4E69-9703-47ED1BCF5608
## **REDEEMED CAMP**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REDEEMED CAMP**
I report to the trustees on my examination of the financial statements of Redeemed Camp (the Charity) for the year ended 30 September 2021.
## **Responsibilities and basis of report**
As the trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no 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 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
- 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
## **Noel Aloko FCCA**
abacus azure Chartered Certified Accountants 85-87 Bayham Street London NW1 0AG
Dated: 25 January 2022
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DocuSign Envelope ID: 164AA2A7-D59F-4E69-9703-47ED1BCF5608
## **REDEEMED CAMP**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 30 SEPTEMBER 2021**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
35,949
17,156
Investments
**4**
1,037
-
**Total income**
36,986
17,156
**Expenditure on:**
**Charitable activities**
**5**
17,863
6,765
**Net income for the year/**
**Net movement in funds**
19,123
10,391
Fund balances at 1 October
2020
79,924
30,016
**Fund balances at 30**
**September 2021**
99,047
40,407|**Total Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2020**
**2020**
**£**
**£**
**£**
53,105
24,608
12,942
1,037
1,351
-
54,142
25,959
12,942
24,628
15,699
10,160
29,514
10,260
2,782
109,940
69,664
27,234
139,454
79,924
30,016|**Total**
**2020**
**£**
37,550
1,351
38,901
25,859
13,042
96,898
109,940|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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DocuSign Envelope ID: 164AA2A7-D59F-4E69-9703-47ED1BCF5608
## **REDEEMED CAMP**
## **BALANCE SHEET**
## _**AS AT 30 SEPTEMBER 2021**_
|**Notes**
**Current assets**
Debtors
**9**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**10**
Net current assets
**Income funds**
Restricted funds
Unrestricted funds|**2021**
**£**
10,549
129,265
139,814
(360)|**£**
139,454
40,407
99,047
139,454|**2020**
**£**
2,827
107,473
110,300
(360)|**£**
109,940
30,016
79,924
109,940|
|---|---|---|---|---|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2021.
The trustees acknowledge their responsibilities for ensuring that the C harity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements , so far as applicable to the company.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 23 January 2022
Mr B O Giwa
**Trustee**
## **Company Registration No. 08677110**
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DocuSign Envelope ID: 164AA2A7-D59F-4E69-9703-47ED1BCF5608
## **REDEEMED CAMP**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2021**_
## **1 Accounting policies**
## **Charity information**
Redeemed Camp is a private company limited by guarantee incorporated in England and Wales. The registered office is 3rd Floor, 86-90 Paul Street, London, EC2A 4NE.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the Charity's Memorandum & Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the Charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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DocuSign Envelope ID: 164AA2A7-D59F-4E69-9703-47ED1BCF5608
## **REDEEMED CAMP**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2021**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.7 Financial instruments**
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity 's balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the Charity ’s contractual obligations expire or are discharged or cancelled.
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DocuSign Envelope ID: 164AA2A7-D59F-4E69-9703-47ED1BCF5608
## **REDEEMED CAMP**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2021**_
## **2 Critical accounting estimates and judgements**
In the application of the Charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**£**
**£**
Donations and gifts
28,531
-
Adun
-
7,371
Education
-
6,354
Other donations
7,118
3,431
Donated services
300
-
35,949
17,156
**For the year ended 30 September 2020**
24,608
12,942|**Total**
**2021**
**£**
28,531
7,371
6,354
10,549
300
53,105|Total
2020
£
19,109
6,820
3,534
7,787
300
37,550
37,550|
|---|---|---|
## **4 Investments**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2021**|2020|
||**£**|£|
|Interest receivable|1,037|1,351|
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DocuSign Envelope ID: 164AA2A7-D59F-4E69-9703-47ED1BCF5608
## **REDEEMED CAMP**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2021**_
## **5 Charitable activities**
|Connected c ommunities
Adun
Library
Education
Share of support costs (see note 6)
Share of governance costs (see note 6)
**Analysis by fund**
Unrestricted funds
Restricted funds
**For the year ended 30 September 2020**
Unrestricted funds
Restricted funds
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Administration
1,941
-
Independent examiner's fees
-
660
Legal and professional
-
48
1,941
708
Analysed between
Charitable activities
1,941
708|**2021**
**£**
3,574
2,677
11,640
4,088
21,979
1,941
708
24,628
17,863
6,765
24,628
15,699
10,160
25,859
**2021**
**£**
1,941
660
48
2,649
2,649|**2020**
**£**
2,120
3,143
10,946
7,017
23,226
1,925
708
25,859
15,699
10,160
25,859
2020
£
1,925
660
48
2,633
2,633|
|---|---|---|
## **6 Support costs**
Governance costs includes payments to the independent examiner of £ 660 (2020- £66 0 ) for examination fees.
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DocuSign Envelope ID: 164AA2A7-D59F-4E69-9703-47ED1BCF5608
## **REDEEMED CAMP**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2021**_
## **7 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
## **8 Employees**
The average monthly number of employees during the year was:
|Total
There were no employees whose annual remuneration was more than £60,000.
**9**
**Debtors**
**Amounts falling due within one year:**
Other debtors
**10**
**Creditors: amounts falling due within one year**
Accruals and deferred income
**11**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Total**Unrestricted
funds
**2021**
**2021**
**2021**
2020
**£**
**£**
**£**
£
Fund balances at 30
September 2021 are
represented by:
Current assets/
(liabilities)
99,046
40,408
139,454
79,924
99,046
40,408
139,454
79,924|**2021**
**Number**
-
**2021**
**£**
10,549
**2021**
**£**
360
Restricted
funds
2020
£
30,016
30,016|**2020**
**Number**
-
**2020**
**£**
2,827
**2020**
**£**
360
Total
2020
£
109,940
109,940|
|---|---|---|
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DocuSign Envelope ID: 164AA2A7-D59F-4E69-9703-47ED1BCF5608
## **REDEEMED CAMP**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2021**_
## **12 Related party transactions**
## **Transactions with related parties**
During the year the Charity entered into the following transactions with related parties:
|**Sponsorship**
**2021**
**£**
Save The King Limited
1,069
1,069|**2020**
**£**
566
566|
|---|---|
The Charity has one trustee / director in common with Save The King Limited. Redeemed Camp sponsored Winter Warmer Packs in support of its help the homeless initiative and made a general contribution to its annual convocation.
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