Registered Charity Number :- 1172432 THE REDEEMED ASSEMBLIES (CANAANLAND) FINANCIAL STATEMENTS FOR THE YEAR END 30 April 2024 **THE REDEEMED ASSEMBLIES (CANAANLAND) 252-262 Romford Road** **LONDON 02032902077 info@trastratford org** **THE REDEEMED ASSEMBLIES (CANAANLAND)** **CONTENTS** FOR THE YEAR ENDED 30 April 2024 INDEPENDENT EXAMINER'S REPORT ....................................................................................................................... 3 STATEMENT OF FINANCIAL ACTIVITIES ................................................................................................................ 5 BALANCE SHEET ........................................................................................................................................................... 6 NOTES TO THE FINANCIAL STATEMENTS .............................................................................................................. 7 2 **THE REDEEMED ASSEMBLIES (CANAANLAND)** **INDEPENDENT EXAMINER'S REPORT** FOR THE YEAR ENDED 30 April 2024 Independent Examiner's Report to the trustees of THE REDEEMED ASSEMBLIES (CANAANLAND) I report to the trustees on my examination of the accounts of THE REDEEMED ASSEMBLIES (CANAANLAND) for the year ended 30 April 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes. Responsibilities and 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 2011, 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 examiner's statement 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 I 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. 3 **THE REDEEMED ASSEMBLIES (CANAANLAND)** **INDEPENDENT EXAMINER'S REPORT** FOR THE YEAR ENDED 30 April 2024 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 10 Woolwich New Road London SE18 6AB 30 April 2024 4 **THE REDEEMED ASSEMBLIES (CANAANLAND)** **STATEMENT OF FINANCIAL ACTIVITIES** FOR THE YEAR ENDED 30 April 2024 |**Recommended categories by**
**activity**
**Notes**
**Income and endowments**
**from:**
Donations and legacies
2
Other trading activities
3
**Total**
**Expenditure on:**
Raising funds
4
Charitable activities
5
Other
7
**Total**
**Net income/(expenditure)**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted funds**
**£**
**Total Funds 2024**
**£**
**Total Funds 2023**
**£**
21,609.80
21,609.80
13,883.67
17,439.51
17,439.51
17,535.00| |---|---| ||**39,049.31**
**39,049.31**
**31,418.67**| ||34,965.95
34,965.95
22,426.22
7,498.66
7,498.66
6,570.76
325.00
325.00
1,300.00| ||**42,789.61**
**42,789.61**
**30,296.98**| ||**(3,740.30)**
**(3,740.30)**
**1,121.69**| ||**(3,740.30)**
**(3,740.30)**
**1,121.69**
1,121.69
1,121.69
-
**(2,618.61)**
**(2,618.61)**
**1,121.69**| 5 **THE REDEEMED ASSEMBLIES (CANAANLAND)** **BALANCE SHEET** FOR THE YEAR ENDED 30 April 2024 |**Recommended categories by**
**activity**
**Notes**
Current assets
Cash at bank and in hand
8
**Total current assets**
**Total net assets or liabilities**
**Funds of the Charity**
Unrestricted funds
9
Restricted income funds
9
Endowment funds
9
**Total funds**|**Unrestricted funds**
**£**
**Total Funds 2024**
**£**
**Total Funds 2023**
**£**
1,673.40
1,673.40
1,121.69
**1,673.40**
**1,673.40**
**1,121.69**| |---|---| ||**1,673.40**
**1,673.40**
**1,121.69**| ||(2,618.61)
(2,618.61)
1,121.69
-
-
-
-
**(2,618.61)**
**(2,618.61)**
**1,121.69**| The financial statements were approved by the Board on 28-Jan-2025 and signed on its behalf by: NELSON MADUMERE Trustee Member 6 **THE REDEEMED ASSEMBLIES (CANAANLAND)** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 30 April 2024 ## **1 Accounting Policies** ## **1.1 Accounting Policies** The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows. ## **1.2 Basis of preparation** These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation. These accounts have been prepared in accordance with “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)” (effective 1 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 Going concern** The Trustees have prepared financial 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 continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts. ## **2 Income from Donations and Legacies** |**Analysis**

Donation and gifts
General grants
provided by
Government/other
charities
Other|**Unrestricted**
**funds**
**£**
13,309.80
3,600.00
4,700.00
21,609.80|**Total**
**funds 2024 **
**£**
13,309.80
3,600.00
4,700.00
21,609.80|**Total**
**funds 2023**
**£**
13,883.67
-
-
13,883.67| |---|---|---|---| 7 **THE REDEEMED ASSEMBLIES (CANAANLAND)** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 30 April 2024 ## **3 Income from Other Trading Activities** |**Analysis**

Events|**Unrestricted**
**funds**

**£**
17,439.51
17,439.51|**Total funds**
**2024**

**£**
17,439.51
17,439.51|**Total funds**
**2023**
**£**
17,535.00
17,535.00| |---|---|---|---| ## **4 Expenditure on Raising Funds** |**Analysis**
Incurred
seeking
donations
Rent
collection,
property
repairs and
maintenance
charges
Staff costs
Support Costs|**Total funds**
**2024**
**£**
984.15
16,380.00
17,336.00
265.80
34,965.95|**Total funds**
**2023**
**£**
45.55
18,120.13
3,485.51
775.04
22,426.22| |---|---|---| 8 **THE REDEEMED ASSEMBLIES (CANAANLAND)** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 30 April 2024 ## **5 Expenditure on Charitable Activities** |**Analysis**
Charity
management &
administartio
Charity running
cost
Cost of services
Advertising and
marketing
Bank charges
Staff costs
Support Costs|**Total funds**
**2024**
**£**
800.00
3,146.59
1,250.00
2,003.27
33.00
-
265.80
7,498.66|**Total funds**
**2023**
**£**
588.00
4,381.39
738.34
62.93
10.00
15.06
775.04
6,570.76| |---|---|---| ## **6 Support Costs** |**Analysis**
Advertising
and
marketing
Staff costs|**Total funds**
**2024**

**£**

-
531.60
**531.60**|**Total funds**
**2023**
**£**
428.72
1,121.35
**1,550.07**| |---|---|---| ## **7 Other Expenditure** |**Analysis**

Other
Expenditure|**Unrestricted**
**funds**
**£**
325.00
325.00|**Total**
**funds 2024 **
**£**
325.00
325.00|**Total**
**funds 2023**
**£**
1,300.00
1,300.00| |---|---|---|---| 9 **THE REDEEMED ASSEMBLIES (CANAANLAND) NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 30 April 2024 ## **8 Cash at bank and in hand** |Cash at
bank
and on
hand|**Total funds**
**2024**
**£**
1,673.40
1,673.40|**Total funds**
**2023**
**£**
1,121.69
1,121.69| |---|---|---| 10 **THE REDEEMED ASSEMBLIES (CANAANLAND)** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 30 April 2024 ## **9 Charity funds** ## **9.1 Details of material funds held and movements during the CURRENT reporting period** |**Fund names**|**Fund**
**balances**
**brought**
**forward**|**Income**|**Expenditure**|**Transfers**|**Gains**
**and**
**losses**|**Fund**
**balances**
**carried**
**forward**| |---|---|---|---|---|---|---| ||**£**|**£**|**£**|**£**|**£**|**£**| |**Unrestricted funds**||||||| ||1,121.69|39,049.31|(42,789.61)|-|-|(2,618.61)| |**Total**|1,121.69|39,049.31|(42,789.61)|-|-|(2,618.61)| |**tails of material funds held and movements during the**||||**PREVIOUS reporting perio**||| |**Fund names**|**Fund**
**balances**
**brought**
**forward**|**Income**|**Expenditure**|**Transfers**|**Gains**
**and**
**losses**|**Fund**
**balances**
**carried**
**forward**| ||**£**|**£**|**£**|**£**|**£**|**£**| |**Unrestricted funds**||||||| ||-|31,418.67|(30,296.98)|-|-|1,121.69| |**Total**|-|31,418.67|(30,296.98)|-|-|1,121.69| ## **9.2 Details of material funds held and movements during the PREVIOUS reporting period** **9.3 Transfers between funds This Year** ||**Amount**|| |---|---|---| ||**£**|| |Between unrestricted and restricted funds||-| |Between endowment and restricted funds||-| |Between endowment and unrestricted funds||-| |**Last Year**||| ||**Amount**|| ||**£**|| |Between unrestricted and restricted funds||-| |Between endowment and restricted funds||-| |Between endowment and unrestricted funds||-| 11