## **THE REDEEMED ASSEMBLIES TRUST**
# **Annual Returns & Accounts For Year Ended 31 March 2022**
**Annual Returns Accounts CHARITY NUMBER: 1190785 For Year Ended 31 March 2021**
**TRUSTEES:** MARCIA OBIE LAURIE CANDASSAMY VICTOR EZANI **REGISTERED OFFICE:** 821 OLD KENT ROAD LONDON SE15 1NX **CHARITY REGISTERED No.** 1126373 **BANKERS:** Santander UK **ACCOUNTANTS: SA Accountancy Practice** Chartered Accountants Suit 201 A, Equitable House 10 Woolwich New Road London SE18 6AB
Page 2 of 11
**Annual Returns Accounts CHARITY NUMBER: 1190785 For Year Ended 31 March 2021**
## **REPORT OF THE TRUSTEE’S FOR THE FINANCIAL YEAR ENDED 31 MARCH 2022**
## **Governance**
The charity is governed by a constitution signed and approved by the trustees of the Charity.
## **Objectives and activities**
Community Foodbank: supply free foods, fruits, vegetables, bakery Offer IT Basic training; help with students homework, internet cafe, printing, photocopy download, complete application forms, prepare, proofread CVs, prepare applicants for interviews, print out application and do on-line research Teach different musical instruments Offer guidance on Housing, Welfare benefits,training/employment.
1) TO FURTHER OR BENEFIT THE RESIDENTS OF SOUTHWARK BOROUGH AND THE NEIGHBOURHOOD, WITHOUT DISTINCTION OF SEX, SEXUAL ORIENTATION, RACE OR OF POLITICAL, RELIGIOUS OR OTHER OPINIONS BY ASSOCIATING TOGETHER THE SAID RESIDENTS AND THE LOCAL AUTHORITIES, VOLUNTARY AND OTHER ORGANISATIONS IN A COMMON EFFORT TO ADVANCE EDUCATION AND TO PROVIDE FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION AND LEISURE TIME OCCUPATION WITH THE OBJECTIVE OF IMPROVING THE CONDITIONS OF LIFE FOR THE RESIDENTS. IN FURTHERANCE OF THESE OBJECTS BUT NOT OTHERWISE, THE TRUSTEES SHALL HAVE POWER TO ESTABLISH OR SECURE THE ESTABLISHMENT OF A COMMUNITY CENTRE AND TO MAINTAIN OR MANAGE SUCH A CENTRE FOR ACTIVITIES PROMOTED BY THE CHARITY IN FURTHERANCE OF THE ABOVE OBJECTS. 2) THE ADVANCEMENT OF THE CHRISTIAN FAITH THROUGH THE PROVISION OF PRAYER AND BIBLICAL AND SPIRITUAL COUNSELLING. 3) THE RELIEF OR PREVENTION OF POVERTY BY THE PROVISION OF A FOOD BANK AND NON-ADVICE DEBT RELIEF INFORMATION AND REFERRALS TO GOVERNMENT APPROVED PROVIDERS.
## **Review of Affairs**
The organisation, through out this year increased in the distribution of food bank for the 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 looking forward to operating differently when we go in person with the experience gained during this difficult time.
Page 3 of 11
**Annual Returns Accounts CHARITY NUMBER: 1190785 For Year Ended 31 March 2021**
## **Vision for next year:**
The Charity are hoping to increase support for the less previlaged, and also support for the youth.
## **Charity Examiners**
The charity continues to engage the services of SA Accountancy as the charity’s accountants (Independent Examiners) and they have expressed their willingness to continue to act in that capacity.
## **TRUSTEES RESPONSIBILITIES**
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:
i) Select suitable accounting policies and then apply them consistently. ii) Make judgements and estimates that are reasonable and prudent.
iii) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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 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 trustees are responsible for the maintenance and integrity of information included on the trusts website www.theredeemedassembliesuk.com
This report has been prepared in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (issued March 2005) and in accordance with the Charities Act 2011.
The Trustees declare that they have approved the Trustees report above.
Signed on behalf of the charity’s trustees
## **Date:**
## **Trustee**
Page 4 of 11
**Annual Returns Accounts CHARITY NUMBER: 1190785 For Year Ended 31 March 2021**
## **REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF THE REDEEMED ASSEMBLIES TRUST FOR THE YEAR ENDED 31 MARCH 2022**
I report on the accounts of the Charity for the year ended 31 March 2022, which are set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
## Respective responsibilities of trustees and examiner
The trustees of the charity are responsible for the preparation of accounts: they consider that the audit requirement under section 43(2) of the Charities Act 1993 (the 1993 Act)), does not apply. It is my responsibility to: Examine the accounts under section 43(3) of the 1993 Act.
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 43(7)(b) of the 1993 Act, and
State whether particular matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINERS REPORT**
My examination was carried out in accordance with the General Direction given by the Charity Commissioner’s. An examination included a review of the accounting records kept. It also includes consideration of any unusual items of disclosures in the accounts. And seeking examinations from you as trustees concerning any matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and as a result I do not express an audit opinion on the view given by the accounts.
## **INDEPENDENT EXAMINER’S STATEMENT**
In accordance with my examination, no matter has come to my attention: Which gives me a reasonable cause to believe that in any material respect the requirements: to keep accounting record in accordance with section 41 of the 1993 Act and
to prepare which accord with the accounting records and to comply with the accounting requirements of the 1993 Act.
have not been met.
To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**SA Accountancy Practice Chartered Accountants Suit 201 A, Equitable House 10 Woolwich New Road London SE18 6AB**
**Date:** 13/02/2023
Page 5 of 11
**Annual Returns Accounts CHARITY NUMBER: 1190785 For Year Ended 31 March 2021**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022**
|**Notes**
**_Incoming Resources_**
Voluntary income
**2**
Investment income
**2**
**Total Incoming Resources**
**_Resources Expanded_**
Charitable Activities
**3**
Governance Costs
**Total Resources Expanded**
Net Incoming Resources
Transfer between funds
**Net Resources For This Year**
**Total Funds Brought Foward**
**Total Funds Carried Forward**|**Unrestricted**
**CY**
**_PY_**
**_£_**
**_£_**
**_£_**
6,035
6,035
511
_0_
**6,035**
**6,035**
**511**
6,370
6,370
510
-
**6,370**
**6,370**
510
-335
-335
1
-
**-335**
**-335**
1
-168
-168
167
**-503**
**-503**
168
**_2021_**
**Income Fund**
**_2020_**|
|---|---|
Page 6 of 11
**Annual Returns Accounts CHARITY NUMBER: 1190785 For Year Ended 31 March 2021**
## **BALANCE SHEET AS AT 31 MARCH 2022**
|**Notes**
**Fixed Assets**
Tangible Assets
**4**
**Current Assets**
Debtors
Cash at bank and in hand
Total Current Assets
**Current Liabilities**
Amounts falling due within
one year
**Net Current Assets**
**Long term liabilities**
Amounts falling due after one
year
**Net Assets/(Liabilities)**
**FUNDS**
**5**
Unrestricted Funds
Restricted Funds|-
6,478|**2022**
**£**
**-**
326
**6,478**
6,311
**167**
-
**167**
167
-
**167**|2,020
£
0
0
326
158
168
-
168
168
0|
|---|---|---|---|
|||||
||||**168**|
Page 7 of 11
**Annual Returns Accounts CHARITY NUMBER: 1190785 For Year Ended 31 March 2021**
## **NOTES TO THE FINANCIAL STATEMNTS FOR THE YEAR ENDED 31 MARCH 2022**
## **1. Accounting Policies**
## **1.1 Basis of Accounting**
The financial statements have been prepared under the historical cost convention. The accounts have been prepared in accordance with applicable accounting standards, Charities SORP2005 (Accounting and Reporting by Charities) and comply with the
Charities (Accounts and Reports) Regulations 20085 issued under the Charities Act 1993 (as amended Charities Act 2006)
## **1.2 Incoming Resources**
Voluntary incomes are received by way of donations and are recognised as incoming resources when receivable, except insofar as they are incapable of financial measurement. These are included in the Statement of Financial Activities (SoFA) when:
the charity becomes entitled to the resources.
the trustees are virtually certain they will receive the resources; and
the monetary value can be measured with sufficient reliability.
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA. Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.
Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate. This is only included in the SoFA once the related goods or services have been delivered. Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable.
**1.3 Tangible Fixed Assets and Depreciation**
These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or a reasonable value on receipt.
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:
Instruments: 25% Fixtures, Fittings and Office Equipment: 25% Van: 33%
## **1.4 Expenditure and Liabilities**
**Liability recognition:** Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
**Governance costs:** Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
**Grants with performance conditions:** Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.
**Grants payable without performance conditions:** These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. **Support Costs:** Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Page 8 of 11
**Annual Returns Accounts CHARITY NUMBER: 1190785 For Year Ended 31 March 2021**
## **NOTES TO THE FINANCIAL STATEMNTS FOR THE YEAR ENDED 31 MARCH 2022**
## **2. Incoming Resources**
Total
|||**Current Year**|**Total**||
|---|---|---|---|---|
||||**2022**|**_2020_**|
||||**£**|**_£_**|
|**Incoming**
**Reasource**||6,035|6,035|_79086_|
|**Tithe**||0|0||
|**Offering**||0|0|_0_|
|**Other Income**||6,035|6,035|_-_|
|**Gift Aid**||||_-_|
||**0**|**6,035**|**6,035**|**79,086**|
Page 9 of 11
**Annual Returns Accounts CHARITY NUMBER: 1190785 For Year Ended 31 March 2021**
## **NOTES TO THE FINANCIAL STATEMNTS FOR THE YEAR ENDED 31 MARCH 2022**
## **3. Resources Expended**
|**Nothampton**
Consultancy fees
0
General Expenses
#REF!
Accountancy Fees
0
Professional Fees
0
Stationery and Printing
0
Staff Training
0
Light, heat and power
0
Premises repairs and
Maintenance
0
Premises cleaning
0
Programs & Events
#REF!
Travel and subsistence
#REF!
Missions & Projects
#REF!
Depreciation
#REF!
**#REF!**|**Current Year**
**2021**
**2020**
0
0
_10,244_
70
210
_17,352_
300
300
_413_
0
0
_50_
0
0
_287_
0
0
_300_
0
0
_152_
0
0
_338_
0
0
_2,937_
3,000
0
_494_
0
0
_623_
3,000
0
_-_
0
0
_271_|
|---|---|
||**6,370**
**510**
**33,461**|
Page 10 of 11
**Annual Returns Accounts CHARITY NUMBER: 1190785 For Year Ended 31 March 2021**
## **NOTES TO THE FINANCIAL STATEMNTS FOR THE YEAR ENDED 31 MARCH 2022**
## **4. Tangible Fixed assets**
|_Balance brought forward_
Additions
Disposal/Write Off
**Balance carried forward**|**Instruments**
**Fixtures and**
**Equipment**
**Total**
**£**
**£**
**£**
_0_
_0_
0
_0_
_0_
0
-
-
-|
|---|---|
||0
0
0|
|**Depreciation Calculation**
**_Basis_**
**_Rate_**
_Balance brought forward_
Charge for the year
Disposal/Write Off
**Balance carried forward**
**Net Book Value**
_Brought forward_
**Carried forward**|**SL**
**SL**
**25%**
**25%**
**Tota;**
_0_
_0_
0
_0_
_0_
0
-
-
-|
|---|---|
||0
0
0|
||_0_
_0_
_0_
**_0_**
**_0_**
**_0_**|
## **5. Funds**
|Balance Brought Down
Net Income Resources
**Balance Carried Forward**
**Unrestricted Funds**|**_2021_**
**_2020_**
**_£_**
**_£_**
-168
0
335
0|
|---|---|
||**167**
**_0_**|
Page 11 of 11