The Redeemed Evangelical Mission (TREM) Dagenham 

Report and Accounts 

31 December 2024 

Company Registration Number - 09725751 

The Charity Registration Number -  1177519 



**The Redeemed Evangelical Mission (TREM) Dagenham** 

## **Report and accounts for the year ended 31 December 2024** 

## **Contents** 

||**Page (S)**|
|---|---|
|**Charity information**|1|
|**Trustees' annual report**|2 - 5|
|**Statement of directors' responsibilities**|6 - 7|
|**Independent accountant's report**|8 -9|
|**_Funds statements:-_**||
|Statement of financial activities|10|
|Movements in funds|11|
|Income and expenditure account|12|
|**Balance sheet**|13|
|**Notes to the accounts**|14 - 21|





## **The Redeemed Evangelical Mission (TREM) Dagenham** 

Company Registration Number - 09725751 

## **Trustees' annual report for the year ended 31 December 2024** 

The trustees present their report and accounts for the year ended 31 December 2024. 

## **Reference and administrative details** 

## _**The charity name.**_ 

The legal name of the charity is:- The Redeemed Evangelical Mission (TREM) Dagenham. 

The charity is also known by its operating name, TREM Dagenham. 

## _**The charity's areas operation and UK charitable registration.**_ 

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW)  with charity number 1177519. 

The charity does not operate in any overseas jurisdictions. 

## _**Legal structure of the charity**_ 

The charity is constituted as a company limited by guarantee, registered under the Companies Acts .The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation. 

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law. 

By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation. 

The trustees are all individuals and listed below: 

Olayemi Olakemi Adesanya Olusegun Adeyemi Bankole Beatrice Olushola Fayenuwo 

**The principal operating address, telephone number, email and web addresses of the charity are:-** 

34 - 36 Station Road Chadwell Health, Essex England,  RM6 4BE Telephone 2085992330 Email Address admin@tremdagenham.org.uk Web address www.tremdagenham.org.uk 

The registered office of the charity for Companies Act purposes is the same as the operating address shown above. 

1 



## **The Redeemed Evangelical Mission (TREM) Dagenham** 

Company Registration Number - 09725751 

## **Trustees' annual report for the year ended 31 December 2024** 

## **Objects and activities of the charity** 

## _**The purposes of the charity as set out in its governing document.**_ 

1. To seek the advancement of the Christian religion in accordance with the Bible as adopted by The Redeemed Evangelical Mission (TREM); 

2. To educate people in the Word of God, to teach the knowledge of Jesus Christ all over the United Kingdom and 

3. To help in the relief of poverty in all the parts of the world, directly to our immediate members, their families, members of the local, national and international communities as occasion would demand, in cash and in kind. 

## _**The main activities undertaken in relation to those purposes during the year.**_ 

The objectives of the charity are: 

1. The advancement of the Christian religion worldwide. 

2. Teaching on the sanctity of Christian doctrines, including the Trinity (God the Father, Son and Holy Spirit), water baptism and redemption from the curse of the law. 

3. Sunday services and Sunday school for all ages of children. 

4. Weekly Bible studies. 

5. Raising funds through members internally and externally. 

The charity pursues these objectives by the operation of a Christian worship centre at a facility located at 34-36 Station, Chadwell Heath, Essex, RM6 4BE. 

It also organises special training and mentoring activities for the unemployed, upskilling sessions and support for people planning to start their own businesses and runs a general information centre for the public. 

2 



## **The Redeemed Evangelical Mission (TREM) Dagenham** 

Company Registration Number - 09725751 

## **Trustees' annual report for the year ended 31 December 2024** 

## _**The main activities undertaken during the year to further the charity's purpose for the public benefit.**_ 

Significant activities that contributed to the achievement of these objectives were: 

1. Events organised during the year to promote the Christian faith include distribution of leaflets with Christian messages, organising deliverance services, all night vigils, special prayers and counselling. 

2. Other activities to help raise the profile of the charity in the local community included picnics, Mothers' Day and Fathers' Day celebrations. 

3. Specific activities for the relief of poverty are in the areas of training and mentoring of the unemployed to start their own businesses and passing job information to job seekers. 

## _**The contribution of volunteers during the year.**_ 

The church is grateful for the commitment and efforts of its volunteers who are involved in services provision. The church has over 20 volunteers. These volunteers are committed to working in various departments within the church. The church continues to dispense the service of heads of units and ministers to ensure that the best value is derived from the sterling efforts of the volunteers. 

## **The main achievements and performance of the charity during the year.** 

The trustees are pleased to report that the church continued to be successful spiritually by ministering to many people in prayer and welfare. The church has improved in membership strength and is increasingly reaching out to the community. 

TREM has engaged in community development in the following ways: 

1. Yearly business seminars to encourage small businesses and start ups in East London. We have encouraged new businesses amongst the black and Asian communities. 

2. We encourage a food bank initiative in our community by providing support for Barking and Dagenham food bank and encouraging participation from our Christian community. 

3. We gave out our accommodation as a social centre that served our community. We have also made a reasonable donation to assist the same cause. 

4. From time to time, we participate in dealing with moral issues within our community by holding Christian events where we educate people against gun and knife crimes. We run a music academy free of charge for the youths in our community and the objective is to train and engage young people in the use of musical instruments so as to replace knife crime and other social ills. 

5. We constantly support people with disabilities in our community, via monetary assistance and spiritual counselling. 

6. We engage in prayer and sponsor walks from time to time for the purpose of building a healthy and fit community. 

3 



## **The Redeemed Evangelical Mission (TREM) Dagenham** 

Company Registration Number - 09725751 

## **Trustees' annual report for the year ended 31 December 2024** 

## **Structure, governance and management of the charity** 

## _**The methods used to recruit and appoint new charity trustees.**_ 

The members of the general trustee board are trustees for the purposes of charity law. New trustees may be appointed by resolution of a meeting of the trustees. 

Much of the charity's work focuses upon the promotion of the Christian religion and the running and maintenance of its places of worship. 

The general trustee board seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of trustees, the charity has through selective advertising and networking with voluntary organisations active in the sector, sought to indentify those who would be willing to become members of the charity and use their own experience to assist the charity. 

## _**The policies and procedures for the induction and training of trustees.**_ 

Existing trustees are provided with training as and when required. 

## _**The charity's organisational structure.**_ 

The board of trustees is headed by a Chairman, the Secretary to the trust and a Financial Administrator. All the present employees of the charity are voluntary workers. The trustees are responsible for making all decisions regarding allocation of funds and activities. 

## _**The charity's relationships with related parties.**_ 

The Redeemed Evangelical Mission (TREM) Dagenham is one of the branches of The Redeemed Evangelical Mission (TREM). The activities of other branches are not included in this report. 

Barclays Bank UK Plc 1 Churchill Place London E14 5HP Bankers Crownwise Consult Ltd 1A Town Square Erith London DA8 1RE Accountants 

4 



## **The Redeemed Evangelical Mission (TREM) Dagenham** 

Company Registration Number - 09725751 

## **Trustees' annual report for the year ended 31 December 2024** 

## **Financial review** 

## _**The charity's financial position at the end of the year ended 31 December 2024**_ 

The financial position of the charity at 31 December 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:- 

|**_Total unrestricted funds_**<br>**Total funds**<br>Unrestricted Revenue Funds available for<br>the general purposes of the charity<br>**Net income**|**2024**<br>**£**<br>284,668<br>466,035<br>**466,035**<br>466,035|**2023**<br>**£**<br>26,685|
|---|---|---|
|||181,357|
|||**181,357**|
||||
|||181,357|



## _**Financial review of the position at the reporting date, 31 December 2024 .**_ 

During the period, a total income of £386,491 was received mainly from voluntary donations. The net movement in funds for the period, as shown in the statement of financial activities, for the period was £284,668. The value of The Redeemed Evangelical Mission Dagenham net assets as at 31st December 2024 is £466,035. 

## _**Policies on reserves.**_ 

## **Restricted funds** 

Restricted funds are to be used for specific purposes as specified within the objects of the charity. Expenditure, which meets these criteria, will be identified to the fund, together with a fair allocation of management and support costs. There was restricted fund during the year which was expended for the purpose it was intended for. 

## **Unrestricted funds** 

Unrestricted funds are donations and other incomes received or generated for the objects of the charity without further specified purpose and are available for general funds. 

## **Details of the independent examiner** 

Adeniyi Zaccheus -Independent examiner Chartered Certified  Accountant 1A Town Square Erith London DA8 1RE 

5 



## **The Redeemed Evangelical Mission (TREM) Dagenham** 

Company Registration Number - 09725751 

## **Trustees' annual report for the year ended 31 December 2024** 

## **Statement of  the directors trustees' responsibilities** 

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of  the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), . 

In particular, the Companies Act 2006 and charity law require the board of trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the board is required to :- 

- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 

- select suitable accounting policies and apply them consistently; 

- make judgements and estimates that are reasonable and prudent; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business; 

- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; 

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year. 

The trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the companies act 2006 and comply with regulations made under the charities cct. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The trustees are also responsible for the contents of the trustees' report, and the accountant preparing the accounts has no responsibilities in relation to the trustees' report. 

6 



## **The Redeemed Evangelical Mission (TREM) Dagenham** 

Company Registration Number - 09725751 

## **Trustees' annual report for the year ended 31 December 2024** 

## **Method of preparation of accounts - Small company provisions** 

The financial statements are set out on pages 10 to 21. 

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP),   and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) 

These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime. 

This report was approved by the board of trustees on 18 July 2025. 


Olayemi Olakemi Adesanya Director and trustee 

7 



## **The Redeemed Evangelical Mission (TREM) Dagenham** 

## **Report of the independent examiner to the trustees of the charitable company on the accounts for the year ended 31 December 2024** 

I report to the trustees on my examination of the financial statements of the charitable company on pages 10 to 13 for the year ended 31 December 2024 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW), and under the historical cost convention and the accounting policies set out on pages 14 and 15. 

## **Respective responsibilities of the trustees and the independent examiner and the basis of the report** 

As described on pages 6 and 7, you, the charitable company's trustees, who are also the directors of the company for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view. 

The trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. As a consequence, the trustees have elected that the financial statements be subject to independent examination. 

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to: 

a) examine the financial statements of the charity under Section 145 of the Act and 

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Basis of independent examiner's statement and scope of work undertaken** 

I report in respect of my examination of the charity's financial statements carried out under s145 of the 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 Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP. 

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. 

8 



## **The Redeemed Evangelical Mission (TREM) Dagenham** 

## **Report of the independent examiner to the trustees of the charitable company on the accounts for the year ended 31 December 2024** 

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below. 

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the trustees of all material matters. 

## **Independent examiner's statement, report and opinion** 

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination and can confirm that: 

The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006. 

This is a report in respect of an examination carried out under 145 of the Act and in accordance with directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011; 

the financial statements do not accord with those records; or 

the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 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; and 

the financial statements have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP). 

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. 


Adeniyi Zaccheus - Independent examiner 

Chartered Certified  Accountant 1A Town Square Erith London DA8 1RE 

This report was signed on 18 July 2025 

9 



## **The Redeemed Evangelical Mission (TREM) Dagenham - Statement of financial activities for the year ended 31 December 2024** 

## _**Statement of financial activities (including the  income and expenditure account for the year ended 31 December 2024, as required by the Companies Act 2006)**_ 

|**Income & Endowments from:**<br>Donations & Legacies<br>Investments<br>**Total income**<br>**Expenditure on:**<br>Charitable activities<br>**Total expenditure**<br>**Net income for the year**<br>**Transfers between funds**<br>**Reconciliation of funds:-**<br>**Total funds brought forward**<br>**Total funds carried forward**<br>**Net movement in funds**|**Current year**<br>**Unrestricted**<br>**funds**<br>**2024**<br>**£**<br>386,491<br>2,399<br>**388,890**<br>104,222<br>**104,222**<br>**284,668**<br>-<br>**284,668**<br>181,367<br>**466,035**|**Current year**<br>**Restricted**<br>**funds**<br>**2024**<br>**£**<br>-<br>-<br>**-**<br>-<br>**-**<br>**-**<br>-<br>**-**<br>-<br>**-**|**Current year**<br>**Total funds**<br>**2024**<br>**£**<br>**386,491**<br>**2,399**<br>**388,890**<br>**104,222**<br>**104,222**<br>**284,668**<br>**-**<br>**284,668**<br>**181,367**<br>**466,035**|**Prior year**<br>**Total**<br>**funds**<br>**2023**<br>**£**<br>127,030<br>1,352|
|---|---|---|---|---|
|||||**128,382**|
|||||101,697|
|||||**101,697**|
||||||
|||||**26,685**<br>-|
|||||**26,685**<br>154,682|
|||||**181,367**|



The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet. 

A separate Statement of Total Recognised Gains and Losses  is not required as this statement includes all recognised gains and losses. 

All the prior year transactions were unrestricted items, and no further analysis is required 

All activities derive from continuing operations 

## **The Redeemed Evangelical Mission (TREM) Dagenham - Resources applied in the year ended 31 December 2023 towards fixed assets for Charity use:-** 

|Funds generated in the year as detailed in the SOFA<br>Resources applied on functional fixed assets<br>**Net resources available to fund charitable activities**|**2023**<br>**£**<br>284,668<br>(7,632)<br>**277,036**|**2022**<br>**£**<br>26,685<br>(3,637)|
|---|---|---|
|||**23,048**|



The resources applied on fixed assets for charity use represents the cost of additions less  proceeds of any disposals. 

**The notes attached on pages 14 to 21 form an integral part of these accounts.** 

10 



## **The Redeemed Evangelical Mission (TREM) Dagenham - Statement of financial activities for the year ended 31 December 2024** 

## **Movements in revenue and capital funds for the year ended 31 December 2024** 

## **Revenue accumulated funds** 

|**Unrestricted**<br>**Funds**<br>**2024**<br>**£**<br>Accumulated funds brought forwa<br>181,367<br>284,668<br>**466,035**<br>Prior year adjustment<br>-<br>**Closing revenue funds**<br>**466,035**<br>**Summary of  funds**<br>**Unrestricted**<br>**and**<br>**Designated funds**<br>**2024**<br>**£**<br>Revenue accumulated funds<br>466,035<br>Revaluation reserve fund<br>-<br>**Total funds**<br>**466,035**<br>Recognised gains and losses<br>before transfers|**Restricted**<br>**Funds**<br>**2024**<br>**£**<br>-<br>-<br>**-**<br>-<br>**-**<br>**Restricted**<br>**Funds**<br>**2024**<br>**£**<br>-<br>-<br>**-**|**Total**<br>**Funds**<br>**2024**<br>**£**<br>181,367<br>284,668<br>**466,035**<br>-<br>**466,035**<br>**Total**<br>**Funds**<br>**2024**<br>**£**<br>**466,035**<br>**-**<br>**466,035**|**Last year**<br>**Total funds**<br>**2023**<br>**£**<br>**154,682**<br>26,685|
|---|---|---|---|
||||**181,367**<br>-|
||||**181,367**|
||||**Last Year**<br>**Total funds**<br>**2023**<br>**£**<br>181,367<br>-|
||||**181,367**|



**The notes attached on pages 14 to 21 form an integral part of these accounts.** 

11 



## **The Redeemed Evangelical Mission (TREM) Dagenham - Statement of financial activities for the year ended 31 December 2024** 

## **The Redeemed Evangelical Mission (TREM) Dagenham Income and Expenditure Account for the year ended 31 December 2024 as required by the Companies Act 2006** 

|**_Income_**<br>Income from operations<br>Interest receivable<br>**Gross income in the year before exceptional items**<br>**_Expenditure_**<br>Charitable expenditure, excluding depreciation and amortisation<br>Depreciation and amortisation<br>Governance costs<br>**Total expenditure in the year**<br>**Retained surplus for the financial year**<br>All activities derive from continuing operations<br>**Net income before tax in the financial year**<br>Investment income|**2024**<br>**£**<br>386,491<br>2,399<br>**388,890**<br>99,024<br>4,448<br>750<br>**104,222**<br>**284,668**<br>**284,668**|**2023**<br>**£**<br>127,030<br>1,352|
|---|---|---|
|||**128,382**<br>96,844<br>4,103<br>750|
|||**101,697**|
|||**26,685**|
|||**26,685**|
||||



In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the income and expenditure account have been adapted to reflect the special nature of the charity's activities. 

**The notes attached on pages 14 to 21 form an integral part of these accounts.** 

12 



## **The Redeemed Evangelical Mission (TREM) Dagenham -  Balance sheet as at 31 December 2024** 

|Notes<br>**2024**<br>**£**<br>**Fixed assets**<br>Tangible assets<br>7<br>11,487<br>**Total fixed assets**<br>11,487<br>**Current assets**<br>Debtors<br>8<br>5,000<br>Cash at bank and in hand<br>450,682<br>**Total current assets**<br>455,682<br>**Creditors: amounts falling due within**<br>**one year**<br>9<br>(1,134)<br>**Net current assets**<br>454,548<br>**The total net assets of the charity**<br>**466,035**<br>**Unrestricted Funds**<br>Unrestricted revenue funds<br>466,035<br>466,035<br>**Total charity funds**<br>**466,035**<br>**The total net assets of the charity are funded by the funds of the charity,**|**2023**<br>**£**<br>8,303<br>8,303<br>10,500<br>163,948<br>174,448<br>(1,384)<br>173,064<br>**181,367**<br>181,367<br>181,367<br>**181,367**<br>**as follows:-**|**2023**<br>**£**<br>8,303<br>8,303<br>10,500<br>163,948<br>174,448<br>(1,384)<br>173,064<br>**181,367**<br>181,367<br>181,367<br>**181,367**<br>**as follows:-**|
|---|---|---|
||181,367<br>**as follows:-**||
|||**181,367**|
|||181,367|
|||**181,367**|



The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA.. 

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. 

The members have not required the company to obtain an audit in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. 

The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime. 


## **Olayemi Olakemi Adesanya** 

Trustee 

Approved by the board of trustees on 18 July 2025 

**The notes attached on pages 14 to 21 form an integral part of these accounts.** 

13 



## **The Redeemed Evangelical Mission (TREM) Dagenham Notes to the accounts for the year ended 31 December 2024** 

## **1 Accounting policies** 

## _**Policies relating to the production of the accounts.**_ 

## **Basis of preparation and accounting convention** 

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)  2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice. 

## **Risks and future assumptions** 

The charity is a public benefit entity. 

## _**Policies relating to categories of income and income recognition.**_ 

## **Nature of income** 

Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. 

## **Categories of Income** 

Income is categorised as income from exchange transactions (contract income) and income from nonexchange transactions (gifts), investment income and other income. 

**Income from exchange transactions** is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser. 

**Income from a non-exchange transaction** is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange. 

## **Income recognition** 

Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably. 

Dividends are accrued when the shareholder’s right to receive payment is established. 

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met. 

All income is accounted for gross, before deducting any related fees or costs. 

14 



## **The Redeemed Evangelical Mission (TREM) Dagenham Notes to the accounts for the year ended 31 December 2024** 

## _**Policies relating to expenditure on goods and services provided to the charity.**_ 

## **Volunteers** 

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity. 

However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note5. 

## _**Tangible fixed assets**_ 

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition. 

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives. 

|Freehold premises|20 % straight line|
|---|---|
|Leasehold premises|15 % straight line|
|Plant and machinery|15 % straight line|
|Motor vehicles|15 % straight line|



## **Debtors** 

Debtors are measured at their recoverable amounts at the balance sheet date. 

## **Creditors and provisions** 

If this applies , enter suitable text to comply with  SORP 10.81. Describe the basis on which creditors and provisions for liabilities and charges are recognised and measured 

## **Fund accounting** 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. 

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law. 

There are no endowment funds. 

## **2 Liability to taxation** 

The trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity and is therefore included in the relevant costs in the Statement of financial activities. 

## **3 Winding up or dissolution of the charity** 

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. 

15 



## **The Redeemed Evangelical Mission (TREM) Dagenham Notes to the accounts for the year ended 31 December 2024** 

## **4 Net surplus before tax in the financial year** 

|The net surplus before tax in the financial year is stated after charging:-<br>Depreciation of owned fixed assets|**2024**<br>**£**<br>4,448|**2023**<br>**£**<br>4,103|
|---|---|---|



## **5 The contribution of volunteers** 

The charity depends on the support of its volunteers, which is much appreciated. The charity had 112 Volunteers who donated 1,847  hours of their time stewarding events. Other volunteers undertook 40  hours of mailings and distributions and two specialist volunteers with DBS checks, spent 475 hours  a year supporting the weekly children’s and young people’s writing groups. It is estimated that without the help of volunteers, the Festival would need to find the equivalent of over £20,000 to obtain similar services.  The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that  no contract  of employment  is created  by these arrangements. 

## **6 Staff costs and emoluments** 

|**_Salary costs_**<br>Gross Salaries excluding trustees and key management personnel<br>**Total salaries, wages and related costs**|**2024**<br>**£**<br>-|**2023**<br>**£**<br>-|
|---|---|---|
||**-**|**-**|



## **7 Tangible fixed assets** 

|**_Current year_**<br>**Cost**<br>At 1 January 2024<br>Additions<br>**At 31 December 2024**<br>**Depreciation**<br>At 1 January 2024<br>Charge for the year<br>**At 31 December 2024**<br>**Net book value**<br>**At 31 December 2024**<br>**At 31 December 2023**|**Land and**<br>**Buildings**<br>£<br>-<br>-|<br>**Plant &**<br>**Machinery**<br>£<br>22,021<br>7,632|<br>**Motor**<br>**Vehicles**<br>£<br>4,000<br>-|<br>**Total**<br>£<br>26,021<br>7,632|
|---|---|---|---|---|
||**-**|**29,653**|**4,000**|**33,653**|
||-<br>-|13,718<br>4,448|4,000<br>-|17,718<br>4,448|
||**-**|**18,166**|**4,000**|**22,166**|
||**-**|**11,487**|**-**|**11,487**|
||||||
||**-**|**8,303**|**-**|**8,303**|



16 



**The Redeemed Evangelical Mission (TREM) Dagenham Notes to the accounts for the year ended 31 December 2024** 


## **8 Debtors** 

|**8**<br>**Debtors**|||
|---|---|---|
|Prepayments and accrued income<br>Other debtors<br>**9**<br>**Creditors: amounts falling due within one year**<br>Accruals<br>**10 Income and expenditure account summary**<br>**At 1 January 2024**<br>Surplus after tax for the year<br>**At 31 December 2024**|**2024**<br>**£**<br>-<br>5,000|**2023**<br>**£**<br>5,500<br>5,000|
||**5,000**|**10,500**|
||||
||||
||**2024**<br>**£**<br>1,134|**2023**<br>**£**<br>1,384|
||**1,134**|**1,384**|
||**2024**<br>**£**<br>181,367<br>284,668|**2023**<br>**£**<br>154,682<br>26,685|
||**466,035**|**181,367**|



## **11 Related party transactions** 

The Redeemed Evangelical Mission (TREM) Dagenham is one of the branches of The Redeemed Evangelical Mission (TREM) and it makes institutional grants to the main headquarters. 

17 



## **The Redeemed Evangelical Mission (TREM) Dagenham** 

**Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2015** 

## _**This analysis is classsified by conventional nominal descriptions and not by activity.**_ 

## **12 Donations, grants and legacies** 

|**12**<br>**Donations, grants and legacies**|||||
|---|---|---|---|---|
|**Donations and gifts from individuals**<br>Tithe<br>Offering<br>Thanksgiving<br>Donation<br>**Total donations and gifts from**<br>**individuals**<br>**Total donations, grants and legacies**<br>**_Current year_**<br>**Total donations, grants and**<br>**legacies**<br>**13 Investment income**<br>Bank interest receivable<br>**Total investment income**<br>Refunds from HMRC on gift aided donations<br>**Small donations individually less than £1000**|**Current year**<br>**Unrestricted**<br>**funds**<br>**2024**<br>**£**<br>79,119<br>39,021<br>-<br>268,351|**Current year**<br>**Restricted**<br>**funds**<br>**2024**<br>**£**<br>-<br>-<br>-<br>-<br>-|**Current year**<br>**Total funds**<br>**2024**<br>**£**<br>**-**<br>**-**<br>**79,119**<br>**39,021**<br>**-**<br>**268,351**<br>**386,491**|**Prior year**<br>**Total funds**<br>**2023**<br>**£**<br>53,510<br>54,372<br>790<br>18,358|
||**386,491**|**-**||**127,030**|
|||||**Prior year**<br>**Total funds**<br>**2023**<br>**£**|
||||||
||**Unrestricted**<br>**funds**<br>**2024**<br>**£**|**Restricted**<br>**funds**<br>**2024**<br>**£**|**Current Year**<br>**Total funds**<br>**2024**<br>**£**<br>**386,491**<br>**Current year**<br>**Total funds**<br>**2024**<br>**£**<br>**2,399**<br>**2,399**||
||**386,491**|**-**||**127,030**|
||**Current year**<br>**Unrestricted**<br>**funds**<br>**2024**<br>**£**<br>2,399|**Current year**<br>**Restricted**<br>**funds**<br>**2024**<br>**£**<br>-||**Prior year**<br>**Total funds**<br>**2023**<br>**£**<br>1,352|
||**2,399**|**-**||**1,352**|



18 



## **The Redeemed Evangelical Mission (TREM) Dagenham** 

**Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2015** 

## **14 Expenditure on charitable activities - Direct spending** 

|**_Current year_**<br>Travel and Subsistence - Charitable<br>Activities<br>Honorarium, donations & gifts<br>Welfare<br>Event<br>Music<br>**Total direct spending**|**Current year**<br>**Unrestricted**<br>**funds**<br>**2024**<br>**£**<br>4,216<br>4,262<br>4,463<br>13,437<br>4,982|**Current year**<br>**Restricted**<br>**funds**<br>**2024**<br>**£**<br>-<br>-<br>-<br>-<br>-|**Current year**<br>**Total funds**<br>**2024**<br>**£**<br>**4,216**<br>**4,262**<br>**4,463**<br>**13,437**<br>**4,982**<br>**31,360**|**Prior year**<br>**Total funds**<br>**2023**<br>**£**<br>**6,294**<br>**3,100**<br>**4,869**<br>**16,219**<br>**7,585**|
|---|---|---|---|---|
||**31,360**|**-**||**38,067**|



## **15 Expenditure on charitable activities- Grant funding of activities** 

|**_Current year_**<br>Grants made to organisations<br>**Total grantmaking costs**<br>**_Current year_**<br>Trem Headquaters<br>Donation<br>**Breakdown of Grants made to organisations**|**Current year**<br>**Unrestricted**<br>**funds**<br>**2024**<br>**£**<br>5,950|**Current year**<br>**Restricted**<br>**funds**<br>**2024**<br>**£**<br>-|**Current year**<br>**Prior year**<br>**Total funds**<br>**Total funds**<br>**2024**<br>**2023**<br>**£**<br>**£**<br>**5,950**<br>**2,242**|
|---|---|---|---|
||**5,950**|**-**|**5,950**<br>**2,242**|
||**Current year**<br>**Unrestricted**<br>**funds**<br>**2024**<br>**£**<br>5,415<br>535|**Current year**<br>**Restricted**<br>**funds**<br>**2024**<br>**£**<br>-<br>-|**Current year**<br>**Total funds**<br>**2024**<br>**£**<br>5,415<br>535<br>**5,950**|
||**5,950**|**-**||



19 



## **The Redeemed Evangelical Mission (TREM) Dagenham** 

**Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2015** 

## **16 Support costs for charitable activities** 

|**Support costs for charitable activities**|||||
|---|---|---|---|---|
||**Current year**|**Current year**|**Current year**|**Prior year**|
||**Unrestricted**|**Restricted**|**Total funds**|**Total funds**|
|**_Current year_**|**funds**|**funds**|||
||**2024**|**2024**|**2024**|**2023**|
||**£**|**£**|**£**|**£**|
|**_Volunteer costs_**|||||
|Training and welfare - volunteers|-|-|**-**|**250**|
|Motor expenses - volunteers|1,275|-|**1,275**|**2,320**|
|**_Premises expenses_**|||||
|Rates and water charges|2,629|-|**2,629**|**2,047**|
|Room Hire|31,750|-|**31,750**|**31,824**|
|Light heat and power|4,713|-|**4,713**|**-**|
|Cleaning and waste management|3,022|-|**3,022**|**1,672**|
|Premises repairs, renewals and<br>maintenance|1,579|-|**1,579**|**4,773**|
|**_Administrative overheads_**|||||
|Telephone, fax and internet|4,137|-|**4,137**|**4,753**|
|Postage|30|-|**30**|**40**|
|Stationery and printing|1,857|-|**1,857**|**2,265**|
|Information and publications|347|-|**347**|**819**|
|Subscriptions to periodicals|-|-|**-**|**-**|
|Equipment expenses|1,932|-|**1,932**|**2,237**|
|Software licences and expenses|239|-|**239**|**-**|
|Equipment,repairs,expenses and maintenance|1,255|-|**1,255**|**-**|
|Insurance|1,262|-|**1,262**|**2,522**|



## _**Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination fees**_ 

|**_Professional fees paid to advisors other than the_**<br>Accountancy fees other than<br>examination or audit fees<br>Other legal and professional<br>**_Financial costs_**<br>Bank charges<br>Depreciation<br>**Total support costs - Current year**|**_auditor or examiner_**<br>34<br>-<br>5,653<br>-<br>-<br>-<br>4,448<br>-<br>**66,162**<br>**-**|**_auditor or examiner_**<br>34<br>-<br>5,653<br>-<br>-<br>-<br>4,448<br>-<br>**66,162**<br>**-**|**34**<br>**5,653**<br>**-**<br>**4,448**<br>**66,162**|**13**<br>**1,000**<br>**-**<br>**4,103**|
|---|---|---|---|---|
||**66,162**|**-**||**60,638**|



The basis of allocation of costs between activities is described under accounting policies 

All the expenditure in the prior year was unrestricted. 

20 



## **The Redeemed Evangelical Mission (TREM) Dagenham** 

**Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2015** 

## **17 Other expenditure - Governance costs** 

|**_Current year_**<br>Independent examiner's fees<br>**Total governance costs**<br>**18 Total charitable expenditure**<br>**_Current year_**<br>Total direct spending<br>Total grantmaking costs<br>Total support costs<br>Total governance costs<br>**Total charitable expenditure**|**Current year**<br>**Unrestricted**<br>**funds**<br>**2024**<br>**£**<br>750|**Current year**<br>**Restricted**<br>**funds**<br>**2024**<br>**£**<br>-|**Current year**<br>**Total funds**<br>**2024**<br>**£**<br>**750**<br>**750**<br>**Current year**<br>**Total funds**<br>**2024**<br>**£**<br>**31,360**<br>**5,950**<br>**66,162**<br>**750**<br>**104,222**|**Prior year**<br>**Total funds**<br>**2023**<br>**£**<br>**750**|
|---|---|---|---|---|
||**750**|**-**||**750**|
||**Current year**<br>**Unrestricted**<br>**funds**<br>**2024**<br>**£**<br>31,360<br>5,950<br>66,162<br>750|**Current year**<br>**Restricted**<br>**funds**<br>**2024**<br>**£**<br>-<br>-<br>-<br>-||**Prior year**<br>**Total funds**<br>**2023**<br>**£**<br>**38,067**<br>**2,242**<br>**60,638**<br>**750**|
||**104,222**|**-**||**101,697**|



21