Finance Score: 2

Governance Score: 0

Support Score: 5

Good reserves management: +3
Strong growth: +2
Fundraising costs high: -3

Grant maker support: +5

Overall GiG Score: 7

THE REDEEMED ASSEMBLIES TRUST

Preach, Teach & Advance Christian Faith--Worship, Seminars, Conferences, Bible College. Offer Counselling & PrayersOperate Community Foodbank, fighting food poverty, providing essentials and relief materialsMusic Classes, offer advice on Family, Employment, Housing, Provide Clothing & Relief Materials.We provide computer support for I.T beginners, prepare and proofread CVs, application forms

Analysis by Giving is Great

Positives:

Reserves management has been consistently within official guidelines
There has been strong growth in spending over the last 5 years
There have been no material income shortfalls in recent years
A significant proportion of recent income was derived from major grant makers including the Government

Financial issues to consider:

Fundraising costs are high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
30/04/23	£696	£757	£-61	£176	£289	£289	4.6	13	6
30/04/22	£535	£553	£-17	£52	£255	£255	5.5	15	15
30/04/21	£882	£744	£138	£222	£272	£272	4.4	18	23
30/04/20	£545	£491	£54	£5	£134	£134	3.3	14	16,000
30/04/19	£444	£415	£29	n/a	n/a	n/a	n/a	n/a	6
30/04/18	£376	£325	£50	£0	£0	£0	n/a	0	0
30/04/17	£250	£240	£10	£0	£0	£0	n/a	0	0
30/04/16	£249	£232	£17	£0	£0	£0	n/a	0	0
30/04/15	£222	£182	£40	£0	£0	£0	n/a	0	0
30/04/14	£231	£185	£47	£0	£0	£0	n/a	0	0
30/04/13	£111	£121	£-10	£0	£0	£0	n/a	0	0
30/04/12	£56	£50	£6	£0	£0	£0	n/a	0	0
30/04/11	£72	£47	£25	£0	£0	£0	n/a	0	0
30/04/10	£63	£52	£10	£0	£0	£0	n/a	0	0
30/04/09	£88	£57	£31	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 25.5%
Fundraising Costs/Total Spending: 23.2%
Highest pay band: Less than £60,000
Liabilities/Assets: 11%
Liabilities/Income: 5%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 4.6 months
Net Current Assets/Spending: 2 months
Quick Ratio: 12.4

Asset Split ?

Established: 16 years

www.theredeemedassembliesuk.com

trachurch@yahoo.co.uk

02076356777

Charity Commission for England and Wales

Listed activities

Education/Training
General Charitable Purposes
Overseas Aid/Famine Relief
Religious Activities
The Prevention Or Relief Of Poverty

GiG Classification

Christian congregations

How it operates

Provides advocacy/advice/information
Provides services

Where it operates

Coventry City, France, Ghana, Italy, Ivory Coast, Manchester City, Nigeria, Portsmouth City, Scotland, Sierra Leone, Switzerland, Throughout London,

Who it helps

The General Public/Mankind

Who works here?

13 employees
6 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

Power to Change	£50,000
London Borough of Southwark	£20,000
DCMS	£19,900
The London Community Foundation	£9,900

Specific Donations

Amount	When Months	To be used for
London Borough of Southwark - Grant to The Redeemed Assemblies Trust
£15,000	31/03/2022	Public Health grant from the Environment & Leisure department for Covid 19 outreach grants
DCMS - Coronavirus Community Support Fund
£10,000	22/09/2020	"The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to ....more "The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to operate, thereby reducing the burden on public services.2) To ensure essential services are provided to vulnerable people, both in the short and long term through increased community support through the work of charitable organisations."
Power to Change - C-19 CCLORS - The Redeemed Assemblies
£50,000	17/09/2020	Grant to C-19 CCLORS - The Redeemed Assemblies
The London Community Foundation - Grant to The Redeemed Assemblies Trust
£9,900	14/08/2020	The funding is to help supply over 100 families with food and essentials specifically vulnerable, people in need, those shielding, low income and people who cannot access Public Funds-- NRPF LCF ....more The funding is to help supply over 100 families with food and essentials specifically vulnerable, people in need, those shielding, low income and people who cannot access Public Funds-- NRPF LCF recommends the organisation connects with PECAN who are coordinating food distribution in the area.
DCMS - VSCE CMC Fund
£9,900	14/08/2020	NET, Comic Relief and Children in Need will use this funding to provide: increased support to vulnerable people and hidden groups, thus reducing the burden on public services; reach local grassroots ....more NET, Comic Relief and Children in Need will use this funding to provide: increased support to vulnerable people and hidden groups, thus reducing the burden on public services; reach local grassroots and small organisations who can provide an on-the-ground community response to the crisis; and, support local charitable organisations to mobilise volunteers to enable better targeted support in communities through empowered local groups.
London Borough of Southwark - Grant to The Redeemed Assemblies Trust
£5,000	01/04/2020	COVID-19 community grants wave 1 grant from the Finance & Governance department

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (5)

OSAGIE OMORUYI Appointed: 2016

PASTOR SUNDAY

LINDA OHONYON

NIAMKEY AMAN VICTOR EZANI Appointed: 2020

SANDRA OKUNDAYE (Chair)

Legal constitution

Charity registered in England & Wales on 21/10/2008, number: 1126373

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Engaging external speakers at charity events policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

15 returns made; all on time

Main office

THE REDEEMED ASSEMBLIES
821 OLD KENT ROAD
LONDON
SE15 1NX

Objectives

TO ADVANCE THE CHRISTIAN FAITH IN LONDON AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT AND TO FULFIL SUCH OTHER PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AND ARE CONNECTED WITH THE CHARITABLE WORK OF THE TRUST.TO RELIEVE PERSONS WHO ARE IN CONDITIONS OF NEED OR HARDSHIP OR WHO ARE AGED OR SICK AND TO RELIEVE THE DISTRESS CAUSED THEREBY IN THE SAID LOCATION AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT.

Defined Area of Benefit:

UNDEFINED, IN PRACTICE

Data Sources