Charity Registration Number : 1172432
THE REDEEMED ASSEMBLIES (CANAANLAND)
A COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
THE REDEEMED ASSEMBLIES (CANAANLAND)
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 30 APRIL 2025
Trustees NELSON MADUMERE RUTH AMANDA GLADYS EMAMUZO IYI Charity Number 1172432 Registered Office 252-262 Romford Road LONDON E7 9HZ Independent Examiner SA Accountancy Practice Equitable House Suit 202, 7 General Gordon Square London SE18 6FH
THE REDEEMED ASSEMBLIES (CANAANLAND)
CONTENTS
FOR THE YEAR ENDED 30 APRIL 2025
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
THE REDEEMED ASSEMBLIES (CANAANLAND)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 APRIL 2025
Independent Examiner’s Report to the Trustees of The Redeemed Assemblies (Canaanland)
I report to the Charity Trustees on my examination of the accounts of the charity for the year ended 30 April 2025 which consists of the statement of financial activities,balance sheet 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')
I report in respect of my examination of the charity's accounts carried out under section 145 of the 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
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or
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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.
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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.
Name: Mark Essandoh
for and on behalf of SA Accountancy Practice
Date: 31 January 2026
Page 1 of 6
THE REDEEMED ASSEMBLIES (CANAANLAND)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 APRIL 2025
| 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 £ 53,132.76 - 53,132.76 52,463.08 13,193.73 - 65,656.81 (12,524.05) (12,524.05) (2,618.61) (15,142.66) |
Total Funds 2025 £ 53,132.76 - 53,132.76 52,463.08 13,193.73 - 65,656.81 (12,524.05) (12,524.05) (2,618.61) (15,142.66) |
Total Funds 2024 £ 21,609.80 17,439.51 |
|---|---|---|---|
| 39,049.31 | |||
| 34,965.95 7,498.66 325.00 |
|||
| 42,789.61 | |||
| (3,740.30) | |||
| (3,740.30) 1,121.69 |
|||
| (2,618.61) |
Page 2 of 6
THE REDEEMED ASSEMBLIES (CANAANLAND)
BALANCE SHEET
FOR THE YEAR ENDED 30 APRIL 2025
| Recommended categories by activity |
Notes | Total Funds 2025 £ |
Total Funds 2024 £ |
|---|---|---|---|
| Current assets | |||
| Cash at bank and in hand | 8 | 274.77 | 1,673.40 |
| Total current assets | 274.77 | 1,673.40 | |
| Creditors: amounts falling due within one year |
9 | 5,440.12 | - |
| Net current assets/(liabilities) | (5,165.35) | 1,673.40 | |
| Total net liabilities | (5,165.35) | 1,673.40 | |
| Funds of the Charity | |||
| Unrestricted funds | 10 | (15,142.66) | (2,618.61) |
| Restricted funds | 10 | - | - |
| Endowment funds | 10 | - | - |
| Total funds | (15,142.66) | (2,618.61) |
The financial statements were approved by the trustees on 30 January 2026 and signed on its behalf by:
NELSON MADUMERE Chair Date : 30 January 2026
Page 3 of 6
THE REDEEMED ASSEMBLIES (CANAANLAND)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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.
1.1 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.
1.2 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 Unrestricted funds £ Donation and gifts 12,280.82 General grants provided by Government/other charities 6,400.00 Legacies 32,746.75 Other 1,705.19 Total 53,132.76 3. Income from Other Trading Activities Analysis Events Total 4. Expenditure on Raising Funds Analysis Unrestricted funds £ Incurred seeking donations - Rent collection, property repairs and maintenance charges 14,920.00 Wages and salaries 37,468.08 Staf costs - Total 52,388.08 Support Costs 75.00 52,463.08 |
Total funds 2025 £ 12,280.82 6,400.00 32,746.75 1,705.19 53,132.76 Total funds 2025 £ - 14,920.00 37,468.08 - 52,388.08 75.00 52,463.08 |
Total funds 2024 £ 13,309.80 3,600.00 - 4,700.00 |
|---|---|---|
| 21,609.80 | ||
| Total funds 2024 £ 17,439.51 |
||
| 17,439.51 | ||
| Total funds 2024 £ 984.15 16,380.00 - 17,336.00 34,700.15 265.80 |
||
| 34,965.95 |
3. Income from Other Trading Activities
4. Expenditure on Raising Funds
Page 4 of 6
5. Expenditure on Charitable Activities
| Analysis | Unrestricted funds | Total funds 2025 | Total funds 2025 | Total funds 2024 |
|---|---|---|---|---|
| £ | £ | £ | ||
| Charity management & administration |
845.00 | 845.00 | 800.00 | |
| Charity running cost | 1,499.85 | 1,499.85 | 3,146.59 | |
| Cost of services | 36.77 | 36.77 | 1,250.00 | |
| Employee costs | 5,647.54 | 5,647.54 | - | |
| Advertising and marketing | - | - | 2,003.27 | |
| Printing and stationery | 508.20 | 508.20 | - | |
| Bank charges | 60.37 | 60.37 | 33.00 | |
| Legal/professional fees | 4,196.00 | 4,196.00 | - | |
| Total | 12,793.73 | 12,793.73 | 7,232.86 | |
| Support Costs | 400.00 | 400.00 | 265.80 | |
| 13,193.73 | 13,193.73 | 7,498.66 | ||
| 6. Support Costs | ||||
| Total funds 2025 | Total funds 2024 | |||
| Analysis | £ | £ | ||
| Support Costs | ||||
| Staff costs | 150.00 | 531.60 | ||
| Governance Costs | ||||
| Accountants fees | 325.00 | - | ||
| 475.00 | 531.60 | |||
| 7. Other Expenditure | ||||
| Total funds 2024 | ||||
| Analysis | £ | |||
| Other Expenditure | 325.00 | |||
| Total | 325.00 | |||
| 8. Cash at bank and in hand | ||||
| Total funds 2025 | Total funds 2024 | |||
| £ | £ | |||
| Cash at bank and in hand | 274.77 | 1,673.40 | ||
| Total | 274.77 | 1,673.40 | ||
| 9. Creditors: Amounts falling due within one year | 9. Creditors: Amounts falling due within one year | |||
| Total funds 2025 | ||||
| £ | ||||
| Taxation and social security | 4,590.12 | |||
| Other creditors | 850.00 | |||
| Total | 5,440.12 |
Page 5 of 6
10. Charity funds
10.1 Details of material funds held and movements during the CURRENT reporting period
| 10.1 Details of material funds held and movements during the CURRENT reporting period | f material funds held and movements during the CURRENT reporting period | f material funds held and movements during the CURRENT reporting period | f 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 (2,618.61) 53,132.76 65,656.81 - - (15,142.66) 10.2 Details of material funds held and movements during the PREVIOUS 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) |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ |
||
| (2,618.61) 53,132.76 65,656.81 - |
- | (15,142.66) | |
| 1,121.69 39,049.31 42,789.61 - |
- | (2,618.61) |
Page 6 of 6