AIC Middle East nnual Report 2024 Foundation for Rellef and Reconciliation in the Middle Registe ity Number 1133576, Company Registration'6 981
REGISTERED CHARITY NUMBER 1133576 COMPANY REGISTRATION 6598173 Registered Office Town Hall Chambers Heath Road Petersfield Hampshire GU314EA Trustee Dlrectors (The Trustees) S Rye, Chair D Harland, Vice-chalr C Segar G Dare K Heenan R Belshaw F Kelling R Shotliff (frustee Emeritus) iryi Patrons Lord Hylton HE Archbishop Angelos Bishop Lord Rowan Williams (former Archbishop of Canterbury) Bishop Dr Gull Francis-Dehqani Senlor Officers H Jackson, Executive Director C Money, Finance and Operations Manager (to July 2024) A Stanbrook (from September 2024) fiv Bki, Bankers Barclays Bank plc Indapandent Examiner John Caladine FCCA CTA FCIE Caladine Ltd Chantry House 22 Upperton Road Eastbourne East Sussex BN21 IBF Index Officers & Professional Adviser5 Executive Summury 2024 Mosaic Middle East Review 2024 Vision and Valuesfor 2025 Priorities 2025 Treasurer's Report Trustees Review Report of the IndependentExaminer Statement of Financial Activities Balance Sheet Cash Flow Statement Notes to the Financial Statements Page 2 Page 3 Page 4-6 Page 7-8 Page &9 Page 9 Page 1&12 Page 13 Poge 14 Page 15 Page 16 Page 17-25
FOUNDATION FOR RELIEF AND RECONCILIATION IN THE MIDDLE EAST- OPERATING AS MOSAIC MIDDLE EAST Executive Summary for the year ended 31 December 2024 Mosaic Middle East Chairman, Scott Rye One is always hesitant to write about "turning corners,, but I think that we can truthfully describe 2024 as a year of significant accomplishments thanks in no small part to the outstanding efforts of our consolidated staff who have shown remarkable flexibility in adjusting to working remotely and who have pitched in with renewed vigour. l am grateful for the continued efforts of our Trustees and their dedication to bringing hope, help, and healing to vulnerable communities and persecuted minorities in the Middle East, and l am happy to report increasing participation by our Patrons. Of course, it is our supporters, donors, sponsors, and partners who enable us to do the work that we do. Without them, we would not exist. In the followlng pages, you will read about some of our efforts in 2024, working with both established sponsors and new partners to provide emergency aid to the people of Gaza, to continue our education programme for Yazidi youth in Iraqi Kurdistan. to expand the offerings at our four Olive Tree Centres for refugees in Jordan, to support the ongoing work of the free Medical and Dental Clinic at St George's Church, Baghdad; and to help to launch sustainability and livelihood efforts in the Nineveh Plain of Iraq. There remains much to be done, and toward the end of the year we began working to establish a Women's Empowerment Working Group to formalise and expand our impact in this vital area. Despite the challenges faced by the region we know that, with the support of our donors, sponsors and partners, we can make a difference in the lives of many in the Middle East. Faithfully, Captain Scott Rye MStI Chairman of the Board of Trustees
FOUNDATION FOR RELIEF AND RECONCILIATION IN THE MIDDLE EASr- OPERATING AS MOSAIC MIDDLE EAST Mosaic Middle East Review 2024 Executive Director, Helen Jackson As we look back on 2024, it has been a year of 5tabillslng and consolidating for Mosalc Middle East, ensuring we are well-positioned to continue our mission of community restoration in the Mlddle East. This year, we took Strategic steps to mlnimi5e costs and maximise our impact, including transltloning to remote worklng and restructurlng our team to make the best use of their skills and expert15e. While respondlng to the devastating conflict in Gaza required Immediate and compassionate action, we remained unwaverlng in our commitment to 5UPPOrting our existing projects and programmes across the region. Through these efforts, we have contlnued to bring hope, heallng, and empowerment to the mar8inalised communities we serve, even amidst sl8nificant challenges. Embedding of the Olive Tree Programme in Jordan Havlng successfully extended our Ollve Tree Programme durln8 2023 from two to four centres. In 2024 thls programme has become deeply embedded within the communltie5 it serves, ensuring greater impact and sustainability. Responding to the risin8 number of refugees requirlng support, we extended the programme bv enhancing the capacity of our four centres in Jordan, reaching even more children, women, and families in need. To strengthen the programme's effectiveness, we Inltiated workshops wlth our local partners, fostering collaboration and sharing best practices to ensure that all centres operate as a cohesive network. This approach has enhanced the way our centres support each other, enabling them to respond more flexibly to emerging challenges. For example, recognisin8 the need for additional opportunlties for chlldren, we successfully Implemented a summer camp at one of the centres, providing a safe space for play, learnln& and emotional well-being. These Initiatives demonstrate our commltment to continually adaptln8 and deepenlng the pro8ramme's impact In the face of8rowing demand. Extension of Accelerated Education for Displaced Yazidi Youth Building on the success of the accelerated education pilot project in 2023, Mosalc is proud to announce that funding from the Educational Opportunities Foundation has secured the continuation of this transformative initiative for an additional three years. This project provides displaced Yazidi youth with the opportunity to catch up on years of lost education, a critical stepping stone for their future. The pilot project demonstrated extraordinary success, With a 100% pass rate among students In their end-of-school examinations, equipping them to pursue higher education or vocational tralning. This achievement is life-changing for these young people, enabling them to rebuild their lives and contribute meaningfully to their communities. By empowering the next generation through education, this program not only fosters individual growth but also strengthens the foundations for long-term stability and recovery in the region.
FOUNDATION FOR RELIEF AND RECONCILIATION IN THE MIDDLE EAST- OPERATING AS MOSAIC MIDDLE EAST Mosaic Middle East Review 2024 (Cont'd) Supporting Sustainable Futures through our Nineveh SEED Programme In 2024, the Nlneveh SEED projects achieved signiflcant milestones, Including the establishment of an englneering offlce in Telkaif and the launch of a women-led refreshments business in Teleskof. The engineerlng office, made possible thanks to funding from the Hi8hway One Trust, has not only created employment opportunities for skllled local englneers but also ensure5 the Telkaif area has access to profe551onal engineerlng servlce5. Thls Is a critlcal step In enabling the safe and sustalnable rebuilding of Infrastructure in a reglon stlll recoverlng from the devaststing effects of confllct. The women-led refreshments buslness, launched with the support of the Jerusalem Trust, serves a dual purpose. It provides much-needed employment opportunltles for the women employed, empowering them economlcally and socially. Additionallyi the business operate5 as a cafe, offerlng a safe and welcoming space for locals, particularly women and famllies, to gather and connect. These project5 exemplify the transformative impact of livelihood5 programming In post-conflict communities, fosterfng economlc stabillty and soclal cohesion while supportin8 lon8-term recovery and peacebullding. These inltlatives provided not only tanglble economic opportunltles but also a sense of renewed hope for individuals and communitie5 rebuildin8 their lives in the aftermath of confllct. Livelihood5 pro8ramming, like the Nlneveh SEED projects, plays a vital role In fosterlng long-term sustainable peace in p05t-conflict contexts. Economic empowerment equlps individua15 With the mean5 to 5UPPOrt their families, reduces dependency on external ald, and strengthens community reslllence. By creatln8 opportunities for skills development, entrepreneurship, and collaboratlon, these projects contribute to restorlng dignlty and bulldlng a foundation for more stable and prosperous future in the Nlneveh Plain. Steadfast Commltment to St George's, Baghdad In 2024. Mosaic Middle East ha5 continued its steadfast commitment to supporting St. George's Church, Baghdad, In its vital ministry to some of the most marginali5ed communitie5 In Iraq's capital. Under the leadership of the Rev. Canon FalzJlrJeez MBE, St. George's remains a beacon of hope for Christians and those of other minority falths, many of whom face perslstent marginallsation and excluslon. l¥,,111.IW The global c05t of living crisi5 has only exacerbated these challenges, with an increasing number of famllies struggling to afford food or medical treatment. In response, Mosaic has
FOUNDATION FOR RELIEF AND RECONCILIATION IN THE MIDDLE EAST- OPERATING AS MOSAIC MIDDLE EAST worked closely with St. George's to maintain its provision of food parcels and outreach programmes for women and children through church groups and activities, as well as sustaining the Medical and Dental Clinic. This cllnic provide5 free healthcare to approximately 2,000 individua15 of all faiths each month, embodylng the church's mission to serve all who are in need. Together, we are bringing hope and dignity to vulnerable communlties in Baghdad. This year, we also warmly welcome the new Bishop of Cyprus and the Gulf, the Right Reverand Sean Semple, and look forward to working in close partnership to ensure our collaboration with St. George's continues to flourish and make a meanlngful impact. We also remaln deeply grateful for the continued sUPPOrt of Release Internatlonal, whose generous contrlbutions have been Instrumental in supporting the mlnistry of the Re¢d Canon Falz Jlrlees in thls challen8ing context. Emergency Response In Gaza In 2024, Mosaic Middle East responded swlftly to the urgent need5 in Gaza through the launch of an emergencv appeal, addresslng the devastatlng impact of the ongoing conflict. This appeal was Initiated in direct response to the needs articulated by our trusted partners on the ground, underscoring Mosaic's commitment to listening and acting in alignment wlth local Insights. Aid was delivered to and through churches in Gaza City, providing critical support to the mlnority Chrlstian community, enablin8 them to continue their vltal role as salt and light within their broader community. Looking ahead to 2025. M05aic Is commltted to sustainlng this essentlal Support, ensuring that aid reaches those most in need through our partnership5 Wlth organisations such as the Mlddle East Councll of Churches, Department of Servlces to Palestinian Refugees and the Episcopal Diocese of Jerusalem. Conclusion This year has been one of ongoing challenges but also slgnificant progress, demonstrating the resilience of Mosalc Middle East and the strength of the partnerships that underpin our work. While the needs in the region remaln immense, we have achieved greater flnancial stabilityi allowlng us to continue embedding and strengthening our successful programmes. New partnerships have brought fresh opportunities to expand our reach, while our commitment to our lon8-Standing collaborations remains steadfast. Throughout 2024, we have stayed focused on Ilstenin8 to local partners and communltles, ensuring our efforts ali8n wlth their priorities and meet the most pressing needs. l extend my deepest gratitude to our donors, partner5. and staff for their unwavering dedication and support. Together, we will continue to plant seeds of hope, 5trivin8 for a Middle East where peace, dignity. and opportunity are not just aspirations but a shared reality for all. Thank you for your continued support. Helen Jackson Executive Director, Mosaic Middle East
FOUNDATION FOR RELIEF AND RECONCIUATION IN THE MIDDLE EAST- OPERATING AS MOSAIC MIDDLE EAST Vision and Values for 2025 Executive Director, Helen Jackson At Mosaic Middle East, our vision remains steadfast: a Middle East where lives shattered by conflict, dlsplacement, and marglnalisation are restored through hope. healln& and empowerment. In the face of ongoin8 challenges, such as the escalatlng confllct in Gaza and the persistent instability across the region, we are resolute In our misslon to support those most deeply affected by war and violence. By li5tenln8 to communities, partnering with local or8anlsations, and fostering su5talnable development, we strlve to create pathways for peace and stability while empowerln8 Individuals to reclaim their dignlty and bulld brlghter futures. Our values underpln every aspect of our work, shaping how we respond to the need5 of those we serve and how we collaborate with partners to drive change. These values are the foundatlon of our mission and the guideposts for growth in the ever-chan8ing context of the Middle East. Vlslon Our vision is a Middle East where 311 communlties affected bv confllct and displacement can live in peace, with dignity, and the opportunity to thrive. We work towards a reBion where even the most marglnalised are empowered to Shape meaningful futures. Through humanitarian support, development programmes, and peacebuilding Inltiatives, we alm to foster stability and contrlbute to a sustainable and just peace. Values Compassion Compasslon remalns at the heart of everything we do. Moved by the suffering of the marginallsed and oppre55ed, we are compelled to act, offering hope and practlcal support to those who need it most. We refuse to accept the status quo of sufferin8 and are determlned that no one should be beyond reach of love, dignity, and opportunity. Listenlng and Agency We believe 5UStainable change begins with Ilstening. By understanding the unique needs and aspiratlon5 of the communities we serve, we empower individua15, local leader5. and or8anisation5 to take the lead In shaping solutions. This local agency ensures that transformation 15 community-driven, culturally approprlate, and lasting. Collaboratlon Collaboration is essential to our mission. In 2025, we are deepenlng our partnerships with local and international or8anisation5 to amplify our impact. By working tO8ether. we can harne55 collective resources, expertise, and networks to create 5UStainable. locally owned solutions. Collaboration fosters unity and solidarity, enabling us to addre55 the region's complex challenges more effectively.
FOUNDATION FOR RELIEF AND RECONCILIATION IN THE MIDDLE EAST- OPERATING AS MOSAIC MIDDLE EAST Actountablllty and Adaptablllty In an increasingly uncertain environment. accountability and adaptability are more critical than ever. We uphold rigorous financial and governance standards and ensure transparency in how we steward resources. We remain responsive to the dynamic realities of the Middle East, continually assessing and refinin8 our strategies to achieve measurable, impactful outcomes. Safe8uardlng Safeguarding lies at the heart of our mission to serve vulnerable communities Wlth dignity, compassion, and inte8rity. Working with refugees and displaced people - many of whom have experienced trauma, loss, or exploitation - demands the highest standards of protection and accountability. In the context of international development, where power dynamics and cross-cultural settings can heighten rlsks, safeguardinB Is not optional it is essential. We are committed to creatlng safe spaces across all our programme areas, where individuals, particularly children and at-rlsk adults, are protected from harm, abuse, neglect, and exploitation. To ensure this, we have developed and Implemented a comprehensive Safeguarding Policy that aligns with internatlonal best practices. This policy is not static; it is regularly reviewed and updated to reflect emerging risks, legal requirements, and learnlng from our fieldwork. All staff, volunteers, and partners receive mandatory safeguarding trainin& and we have clear reportlng mechanisms In place, designed to be accessible and confidentlal. Regular audlts, monitoring vlslts, and risk assessments further ensure that safeguarding is not onlv policy, but a Slved reality embedded in every aspect of our work. By holdin8 ourselves to these high standards, we honour the trust placed in us by the communities we Serve and reinforce our commitment to deliverin8 ald responsibly and ethically. Priorities 2025 Priorltles for 2025: Buildln8 on Progress and Strengthenlng Impact As we look ahead to 2025, our priorities are shaped by the progress we have achieved and our ongoing commltment to creatln8 lasting change for displaced and vulnerable communities. These priorlties will deepen our impact, ensure sustalnability, and empower those we serve. Strengthenln8 Partnershlps In 2025, we aim to further strengthen our relationshlps wlth local and International partners, building on the collaborative foundations lald over the past year. Integrated approaches have already enhanced our ability to address complex challenges, and we will contlnue to leverage shared resources and expertise to amplify the impact of our programmes. By f05teriDg even stronger partnerships, we can achieve innovative and sustainable solutions tailored to the need5 of those we serve. Belng Locally-Led Our commitment to locally-led initiatives will remain at the forefront of our work In 2025. Over the past year, empowering local leaders and organisations has proven instrumental in delivering effective and context-specific programmes. In the coming year, we will further embed local leadership into every aspect of our projects, ensuring that communities are equipped to take ownership of solutions that are sustainable and deeply rooted in their unique circumstances. Maxlmising Impact Building on our accomplishments in 2024, we will prioritise increasing the reach and measurable outcomes of our programmes in 2025. From expanding the capacity of refugee support centres to scaling educational opportunities for Yazidi youth and enhancing psychosocial support initlatives. our focus will be on delivering impactful and transformative results. By continually evaluating and refining our effort5, we will ensure the greatest possible benefit to those in need.
FOUNDATION FOR REUEF AND RECONCILIATION IN THE MIDDLE EAST- OPERATING AS MOSAIC MIDDLE EAST Empowernient at the Core Empowerment will remain central to our mission as we move into 2025. Last year, programmes focused on vocational training, Èducation, trauma recovery, and economic empowerment provided individuals and communities wlth opportunities to rebuild their lives. This year, we will expand these initiatives, focusing on fostering resilience and creating pathways for people to regain tontrol of their futures with hope and dignity. Empowerlng Women and Glrls In 2025, we wlll place a stronger focus on empowering women and girls, recognising their vital role in building resllient communities. Over the past year, our programmes have demonstrated the transformative impact of equipping women with skills, education, and resources to lead change. In 2025. we will seek to strengthen our women's empowerment programming through convening a workin8 8roup to draw tO8ether expertise in this area. By prlorltisin8 women's empowerment, addresslng the unique challen8es women face, and supportln8 Inltlatives that promote their leadership and economic independence we alm to break rycles of mar8lnalisatlon and unlock the potential of communities as a whole. Treasurer's Report Mosaic Middle East Treasurer, Rachel Belshaw 2024 was a positive year financlally for Mosaic Middle East as we worked hard to find new sources of funding and change our c05t base. Income increased by around 16% in 2024 compared to 2023. Once agaln, a particular success was partlcipation In the"Big Give. campaign in Decemberwhere, thanks to some generous pledges by donors, match fundin8was avallable to effectively quadruple any donations by supporters. There was also a very generous response to our Gaza appeal, and we were successful in obtainin8 more grant funding.Re8ular glvlng remalned fairly steady with a drop of 3%. Thls source of funding Is very valuableto enable us to plan more effectivelyforfuture projects and we really appreciate those who are able to donate in this way. During the previou5 year It was necessary to l- contlnue our support to new and ongolng projects in the Middle East and, although this was a difficult decision. it meantthat our UK costs were down bv over 34% In 2024 compared to 2023 and this has enabled us to more effectively serve those In need in the region. The Mlddle East continues to need hope, help and healing more than ever at this time and by God's grace Mosaic Middle East will be there to ald as many people as possible with the resources entrusted to us by our faithful supporters. i.. I give thanks to God, the staff team who work above and beyond to fulfil our misslon and to our 5UPPOrters and donors for their continued support through this time. Rachel Belshaw Treasurer. Mosaic Middle East
FOUNDATION FOR RELIEF AND RECONCILIATION IN THE MIDDLE EAST- OPERATING AS MOSAIC MIDDLE EAST Trustees Review The Trustee5 {who are also Directors of the Charity for the purposes of the Companies Artl present their Annual Report together with the audited financial statements of The Foundation for Relief and Reconciliation in the Middle East (the company}fortheyearended 31st December 2024. TheTrustees confirm thattheAnnual Report and the financlal Statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice {SORPI, applicable to charltles preparing their accounts in accordance wlth the Financial Reportlng Standard applicable in the UK and Republlc of Ireland IFRS 102) {effective 1st January 2019). GOVERNING DOCUMEMr The Charity constitutes a private Company limited by guarantee incorporated in England and Wales on 20th Mav 2008. It is governed by its Memorandum and Artlcles of Associatlon, as amended, dated 21st June 2021. RECRurrMENT & APPOINTMENf OF NEW TRUSTEE DIRECTORS New Trustees are Selected for their relevant Interest, expertlse and experlence and are elected by the exlstlng Trustees. INDucfioN & TRAINING OF NEW TRUSTEES All Trustees are provided with copies of prevlous minute5 and with regular newsletters and emall update5, coples ofthe governin8 documents, policies and accounts as well as Charity Commission Guidance for Trustees. GOVERNANCE The Trustees have overall responsibility for the activities of the Charity. They delegate the day-to-day admlnlstration of the activities of the Charity to Helen Jackson, Executlve Dirertor, who Is supported by a small team of employees. RISK MANAGEMENT The Trustees have a duty to identify and review the risks to which the Charity is exposed, and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. These are set out in the Charity's Risk Management Plan. io
FOUNDATION FOR RELIEF AND RECONCILIATION IN THE MIDDLE EAST- OPERATING AS MOSAIC MIDDLE EAST Trustees Review (Cont'd) FINANCIAL REVIEW The increase in Income has led to a surplus for the year of £114,290 compared to a deficit in 2023 of £26,719. Unrestricted reserves remain above the levels set by the reserves policy. The Trustees have set a balanced budget for 2025 with a contlnued focus on increaslng regular giving. church income and grants as well as keeping costs as low a5 P055ible. Ongoing stability in the charity's finances and the abillty to deliver new projects is a key focus and Is only achieved by the generous support of private Indlvlduals (both re8ular8lvin8 and one-off donatlons), churches and partner organlsations and grantsfrom trusts and grant bodies. Where appllcable, income tax Is reclalmed through the Glft Aid scheme. RESERVES POLICY The reserves policy Is designed to retain sufficient reserve5 to allow for fluctuations In voluntary income, whlle fulfilling financial obligations to beneficiaries and staff. The level of unrestrlcted free reserves needed for this has been set at 3 months of normal operatlng costs of the charity. This is reviewed on an annual basis by the Trustees. The Unrestricted General Fund Reserve of £295,058 as at 31st December 2024 achleves that target level which. alon8 wlth planned future budget surpluses, is consldered an indicator that the charitv is a golng concern. Tota5 Funds of £375,078 also Include Deslgnated Fund5 £20,000 and Restricted Funds £60,020. PUBLIC BENEFIT The Trustees confirm that they have complied with the duty to have due regard to the Charlty Commlssion's general guidance on public benefit. The Trustees belleve that publlc benefit is provided by the charity's actlvitles detalled In the Annual Report. INVESTMENT POUCY & OBJEcnvES The charity funds available for investment support the charity reserves policy, so need to be available for access wlthin a 3-month period. The Investment strategy Is to use diverse secure bank deposlts wlth Immediate access, or notice perlods up to 95 days, whlch offer a competitive Interest rate return to alleviate the effect of Inflation. STATEMENf OF TRUSTEES RESPONSIBILrriES The Trustees {who are also the Directors of FRRME for the purposes of company law} are responslble for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the Tru5tee5 to prepare financial Statements for each financlal year which give a true and fair vlew of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the Tru5tee5 are required to: li
FOUNDATION FOR REUEF AND RECONCILIATION IN THE MIDDLE EAST- OPERATING AS MOSAIC MIDDLE EAST Trustees Review (Cont'd) Select suitable accounting policies and then apply them consistently. Observe the methods and principles in the Charlty SORP. Make judgements and accounting estimates that are reasonable and prudent. Prepare the financial statements on the going concern bas15, unless It is inappropriate to presume that the Charitable Company will continue in busine55. The Trustees are responsible for keeping proper accounting records which disc105e wlth reasonable accuracy at any time the financlal position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taklng reasonable steps for the prevention and detectlon of fraud and other Irre8ularitles. ON BEHALF OF THE BOARD: Captain Scott Rye Mstj Chairman of the Board of Trustees Date: 2nd July 2025 12
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE FOUNDATION FOR RELIEF AND RECONCIUATION IN THE MIDDLE EAST- OPERATING AS MOSAIC MIDDLE EAST I report to the trustees on my examlnation of the financial statements of Foundatlon for Relief and Reconciliation in the Middle East (the charity) for the year ended 31 December 2024. Responsibllltles and basis of report As the trustees of the charity land also its directors for the purposes of company lawl, you are responsible for the preparation of the financial statements In accordance with the requirements of the Companies Act 2006. Having satisfied myself that the flnancial statements of the charity are not requlred to be audited under Part 16 of the Companies Act 2006 and are ellgible for independent examination, I report in respect of my examination of the charity's financial statements carried out under Section 145 of the Charity Act 2011. In carrying out my examination I have followed the Directions given by the Charity Comrni55ion under Section 14515llbl} of the Charities Act 2011. Independent examiner'$ statement Since the charlty's gr055 income exceeded £250,000, the independent examlner must be a member of a body listed In sectlon 145 of the Charitle5 Act 2011. 1 confirm that l am qualified to undertake the examinatlon because l am a member of the Association of Chartered Certified Accountants, whlch is one of the listed bodies. I have completed rny examlnatlon. I conflrm that no matters have come to my attentlon in connectlon wlth the examination giving me cause to believe that in any material respect: l. Accounting record5 were not kept in respect of the charity as requlred by section 386 of the Companies Act 2006. 2. The flnancial statements do not accord with those records,. or 3. The financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a trust and fair view, which is not a rnatter considered as part of an independent examlnation,. or 4. The financial Statements have not been prepared in accordance wlth the methods and prlnclples of the Statement of Recommended Practlce for accounting and reporting by charities applicable to charlties preparing thelr financial statements In accordance with the Flnancial Report standard applicable in the UK and Republic of Ireland IFRS1021. I have no oncerns and have come across no other matters in connection wlth the examination to whlch attention should be drawn in order to enable a proper understandin8 of the financlal statements to be reached. John Caladine CCAcfA FCIE Caladine Limited Chantry House 22 Upperton Road Ea5tbourne East Sussex BN21 IBF Date.. 13
FOUNDATION FOR RELIEF AND RECONCILIATION IN THE MIDDLE EAST- OPERATING AS MOSAIC MIDDLE EAST STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) Unrestrfcted Funds Restrltted Funds 31.12.24 Total Funds 31.12.23 Total Funds Notes INCOME FROM: Donatlons and legacies 350.048 254,427 604,475 523,253 Other trading activltles Investments 6,534 6,534 5,117 Total Income 356.582 254.427 611.008 528,370 EXPENDITURE ON . Raising Funds 24,840 24,840 27,473 Charitable Activities 102,914 368,965 471,879 527,616 Total Expenditure 127.754 368.965 496,719 555,089 NETINCOMEIIEXPENDITUREI BEFORE TRANSFERS I2828 1114,5381 114,290 (26,719) Transfers Between Funds 13 {158,101) 158,101 Net Movement In Funds 70,727 43,563 114,290 IZ6,719) RECONCILIATION OF FUNDS Totsl Fundsat 1st January 2024 244,331 16,457 260.788 287,507 TOTAL FUNDS AT 31st DECEMBER 20Z4 13 315,058 60,020 375,078 260.788 All activities are classified as continuing operations. The note5 on pages 18-26 form part of these financial statements. 14
FOUNDATION FOR RELIEF AND RECONCILIATION IN THE MIDDLE EAST- OPERATING AS MOSAIC MIDDLE EAST BALANCE SHEET AS AT 31ST DECEMBER 2024 Unrestrirted Funds Restrirted Funds 31.12.24 Total Funds 31.12.23 Total Funds Notes FIXED ASSETS Tangible Assets CURRENT ASSETS Debtors io 49,352 49,352 40,075 Cash at Bank and in Hand 270,139 60,020 330,159 232,969 319,491 60,020 379,511 273.044 CREDITORS Amounts Falling Due Within One Year li 14,4331 14,433) {12,256) NETCURRENT ASSETS 315,058 60,OZO 375.078 260.788 NEf ASSETS 315,058 60.020 375,078 260,788 CHARITY FUNDS 13 Unrestricted Funds 295,058 234,331 Designated Funds Restrlcted Funds 20,000 10,0 60,020 16,457 TOTAL FUNDS 375,078 260.788 The company's financial statements have been prepared in accordance with the provlslons applicable to companies subject to the small companie5 regime. The company 15 entitled to exemptlon from the audlt requirement contained In section 477 of the Companles Act 2006, for the vear ended 31 December 2024. The members have not required the company to obtain an audlt of its financial statements for the year in question in accordance with Section 476. The Trustees acknowledge their responsibllities for complying With the requirements of the Act with respect to accounting records and the preparation of flnancial statements. Thefinanclal account5 were approved by the Trustees on 2025 and signed on their behalf by: SCOTh RYE- CHAIRMAN OF TRUSTEES Company registration number 6598173 {England and Wales) 15
FOUNDATION FOR RELIEF AND RECONCILIATION IN THE MIDDLE EAST- OPERATING AS MOSAIC MIDDLE EAST CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2024 31.12.24 31.1123 Notes CASH FLOWS FROM OPERATING ACTIVITIES Net cash used in operatln8 artivities 17 97,190 (60352) CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR 97,190 160,3521 Cash and cash equlvalents at Istjanuary 2024 232,969 293,3ZI CASH AND CASH EQUIVALENTS AT 31ST DECEMBER Z024 18 330.159 232.969 ANALYSIS OF CHANGES IN NET DEBT At 01.01.24 Cash flows At 31.12.24 Cash at Bank and in hand 232,969 97,190 330,159 The notes on pages 1&26 form part of the financial statements. 16
FOUNDATION FOR RELIEF AND RECONCILIATION IN THE MIDDLE EAST- OPERATING AS MOSAIC MIDDLE EAST NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 20Z4 I. ACCOUNTING POLICIES 1.1 Basls of preparatlon of flnanclal statement5 The financial Statements 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 1021 Ithe'SORP 2019,), FR5 102.the Financial Reporting Standard applicable in the UK and Republic of Ireland ('FRS 102,) and the Companies Act 2006. Foundation for Relief and Reconciliation in the Middle East meets the definition of a public benefit entity under FRS 102. Assets and liabilities are Initlally recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. Many of the original transactlons in the Middle East have been conducted in US S dollars or local currencies. The financial statements are presented in £ sterling as the common currency and rounded to the nearest pound for presentation purposes. The accounts have been prepared on a going concern basls. 1.2 Company status The company is a private company limited by guarantee incorporated in the UK on 20th May 2008. The members of the company are the Trustees named on page 2. In the event of the company being wound up, the Ilability in respect of the 8uarantee is limited to £1 per member of the company. The registered address ofthe company isTown Hall Chambers, Heath Road, Petersfield, Hampshire GU314EA. 1.3 Fund accountln8 General funds are unrestricted fund5 whlch are avallable for use at the discretion of the Trustees In furtherance of the general objective5 of the company and which have not been designated for other purposes. Restricted funds are funds whlch are to be used in accordance wlth specific restrlctlon Imposed by donors or whlch have been raised by the company for particular purposes. The costs of raisin8 and administerin8 such funds are charged against the 5peclfic fund. The aim and use of each Restricted Fund is set out In the notes to the Financial Statements. 1.4 Income All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income recelvable can be measured reliably. For le8acies. entitlement IS taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finali5ed and notiflcation has been made by the executorl51 to the Trust that a distrlbution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executorfs intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. Donated service of facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use bythe company of the item is probable and that economic benefit can be measured reliably. On receipt, donated professional service5 and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount 15 then recognised in expenditure in the period of receipt. Income tax recoverable in relatlon to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Investment income 15 credited on an accruals basis, and 15 inclusive of the income tax recoverable, where applicable. 17
FOUNDATION FOR RELIEF AND RECONCILIATION IN THE MIDDLE EAST- OPERATING AS MOSAIC MIDDLE EAST NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2024 I. ACCOUNTING POLICIES ICONTINUED) 1.5 ExpÈnditure Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity- Direct costs attributable to a single activity are allocated directly to that artivity. Shared costs which contribute to more than one activity and support costs which are not attributable to a slngle activlty are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of tlme spent, and depreclatlon charges allocated on the portion ofthe asseys use. Fundralslng costs are those incurred in seeking voluntary contributions and do not include the costs of disseminatin8 information in sUPPOrt of the charitable activities. Support costs are those cost5 incurred directly in support of expenditure on the objects of the company and include project management carried out centrally. Governance costs are those incurred In connectlon with administration of the compaDy and compliance with constitutional and statutory requirements. Cost of generatlng funds are costs incurred in attracting voluntary incorne, and those incurred In tradlng activities that ralse funds. Charitable activities and Governance costs are cost5 incurred on the company's operations, Including support costs and costs relating to the governance of the company apportloned to charitable activities. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recogni5ed as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions whlch have not been met at the year-end are noted as a commitment but not accrued as expenditure. 1.6 Tanglble fixed assets and depreclatlon A review for Impairment of a fixed asset is carried out If events or changes In clrcumstance5 Indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and thelr recoverable amounts are recognised as impairments. lrnpairment losses are recognised In the Statement of financial actlvlties incorporatlng income and expenditure account. Tangible fixed assets are stated at cost less depreciation and any provision for Impairment. Depreciatlon 15 provided at rates calculated to write off the Cost of flxed asset5, less thelr estimated resldual value, over thelr expected useful Ilves. The company currently has nofixed assets. 1.7 Interest re1vable Interest on funds held on deposit Is included when recelvable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank. 1.8 Operatlng lease5 Rentals under operating leases are charged to the Statement of financial activitles incorporatin8 income and expendlture account on a straight-line basi5 over the term of the lease. 1.9 Debtors Trade and other debtor5 are recognised at the Settlement amount after any trade discount offered. Prepayments are valued at the amount paid net of any trade discounts due. 1.10 Cash at Bank and In hand Cash at bank and in hand includes cash and short term highly liquid investments with a short rnaturity of three months or less from the date of acquisition or openin8 of the deposit or simllar account. 18
FOUNDATION FOR RELIEF AND RECONCILIATION IN THE MIDDLE EAST- OPERATING AS MOSAIC MIDDLE EAST NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2024 I. ACCOUNTING POLICIES (CONTINUED) 1.11 Liabllitles and provlslons Liabilities are recognised when there 15 an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognlsed at the amount that the company anticlpates it will pay to settle the debt or the amount it has receSved as advanced payments for the goods or services it must provide. Provlslons are measured at the best estimate of the amount5 required to settle the obligation. Where the effect of the time value of money is materlal, the provlslon is based on the present value of those amounts, dlscounted at the pre-tax dlscount rate that reflects the risk5 specific to the liabllity. The unwinding of the discount is reco8nlsed within Interest payable and slmllar char8es. 1.12 Financlal Instrument$ The company only has flnancial assets and flnancial liabilities of a klnd that quallfy as basic financial Instruments. Basic financlal instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are Subsequently measured at arnortised c05t Using the effettive interest Method. 1.13 Forelgn currencles Monetary a55ets and liabilities denominated In foreign currencies are translated Into sterling at rates of exchanging rulln8 at the balance sheet date. Transactlons in foreign currencies are translated into sterlin8 at the rate ruling on the date of the transaction. Exchange gains and Ios5e5 are recognised in the Statement of financial activities. 1.14 Penslons The company operates a defined contribution pension scheme, and the pension charge represent5 the amounts payable by the company to the fund in respect of the year. 1.15 KeyAssumptions The company is reliant on donations from prlvate Individua15, churches and partner organisation5 and grants from trusts. In recognition of this risk, the Directors have commissioned a Fundraising Strategy to diversify income streams thus minimising the risk. Nelther of these factors have a detrlmental effect on the financlal standing of the charlty. 1.16 Going Concern The statements have been prepared on a golng concern ba51S. 1.17 Staff costs The charity operates with a Small interdependent UK team under the management of an Executive Director. 1.18 Related Party transartions There are no related party tran5attions. 1.19 Operating Leases Expenditure includes an operating lease commitment in respect of the registered company office in Petersfield. 19
FOUNDATION FOR RELIEF AND RECONCILIATION IN THE MIDDLE EAST- OPERATING AS MOSAIC MIDDLE EAST NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2024 INCOME FROM DONATIONS AND LEGACIES Unrestricted Restrkted Funds Funds 31.12.24 31.12.23 Donations {in¢ludin8 mlnor 8rant51 348,754 179.532 528.286 482,813 Legacies 1,294 1,294 Malorgrants 7495 74.895 Total donations and legacles 350,048 254,427 604,475 523,253 Tota12023 360,518 162.735 523.253 Memorondum Major qrants (over£5,IJOO) recelved In Z024.. 2024 £ 20,000 2023 £ Allan & Nesta Fergu50n Foundotion Jeru501em Trust HffJhwayOne Release Internotionol Educational Opportunity Foundotion (EOF) Anchor Foundotlon Batchworth Trust CMW Total 21,000 10,000 10,440 13,455 10,440 10,000 12,000 40,440 74,895 CHARITY TRADING AND FUNDRAISING EXPENSES Unre5trlcted funds Restricted funds 31.12.24 31.12.23 Charity tradlng Income Sale of books Fundralslng expenses Z4 Z4,840 27.473 Fundraising expenses net of trading income 24,840 24,840 27.473 Totul 2023 27,473 27.473 20
FOUNDATION FOR RELIEF AND RECONCIUATION IN THE MIDDLE EAST- OPERATING AS MOSAIC MIDDLE EAST NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2024 4. INVESTMENT INCOME Unrestrlcted funds Restrlcted funds 31.12.24 31.12.23 Investment income - bank interest 6,535 6,535 5,117 Toto12023 5,117 5,117 5. CHARITABLE ACTIVITIES Dlrect Costs Grant Fundlng of Actlvities Support Costs 31.12.Z4 31.12.23 Northern Iraq relief 12,636 12,636 12,814 Jordan relief 13,216 13,216 9,075 Middle East Project5: Nineveh SEED l Uvelihoods Ilraql 31,550 31,550 21,952 EOF Grant Education Project Olive Tree Centre (Jordan) Gaza Relief Reconclllatlon and Advocacy 13,974 116,376 9,476 13,974 116,376 9,476 2,400 91,502 2,400 4,254 Front line delivery 66,199 66,199 115,241 St George's Church 105,538 105,538 28,279 St George's Clin1¢ 80,612 Overseas Travel 1,377 1,377 4,199 UK Office Salary Costs 75,117 75,117 130,033 Finance Costs 4,071 4,071 3,933 Communication and office costs 12.528 12,528 20,277 Governance Costs 7,421 7,421 5,446 TOTAL 29,629 276,914 165.336 471.879 5Z7.616 Total 2023 30,342 222,345 274,929 527,616 21
FOUNDATION FOR RELIEF AND RECONCILIATION IN THE MIDDLE EASr- OPERATING AS MOSAIC MIDDLE EAST NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2024 6. GOVERNANCE COSTS 31.12.24 31.12.23 Governance-lndependent Examination/Auditor remuneration 6,900 5,100 Governance expenses (Trustees expenses and cost of meetlngsl 521 346 7,421 5,446 7. TRUSTEES AND RELATED PARTIES REMUNERATION AND BENEFITS Nobody is remunerated for acting as a Trustee. Trustees are paid expense5 for attending meeting5 directly related to their dutie5 as Trustees. For the year ended 31 December 2024, one trustee was pald expense5 of £95.5012023 £1,239) for travel and sub515tence. 8. NEf INCOME/(EXPENDITURE) 31.12.24 31.12.23 This is stated after chargin8: Auditors, remuneration-3udit 5,100 Independent Examinerfs fees 1,800 During the year, no Trustees received any remuneratlon12024 £NILI. During the year, no Tru5tee5 received any benefits in klnd12023 £NILI. 9. STAFF COSTS 31.12.24 31.12.23 Gross Salarles 114,313 184,067 Employers, Nl 5,022 11.4C(I Pension 4.486 7,183 123,821 202,650 The average monthly number of employee5 was: 5 {2023: 81 and the average monthly number of employees during the year expressed as full-time equivalents was as follows (including casual and part-time staff): Z024 No. 2023 No. No employees had employee benefSts In excess of £60,00012023: nill. The key management personnel of the charity comprise the Executive Director and Finance and Operations Manager. The total employee benefits of the key management personnel of the charity were £67,792 12023: £108,539). Staff Remuneration is approved by the Trustees. 22
FOUNDATION FOR RELIEF AND RECONCILIATION IN THE MIDDLE EAST- OPERATING AS MOSAIC MIDDLE EAST NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2024 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Prepayments and Accrued Income 49,352 40,075 49,352 12.418 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade Creditors 1,040 5.555 Other Credltor5 3,393 6,701 4,433 12,256 12. OPERATING LEASE COMMITMENTS At 31 December 2024 there were no commitments under an operating lease, whlch may be cancelled by givlng 12 months, notice, as follows: 31.12.24 31.12.23 Amounts payable: Not laterthan l year 2,888 Laterthan l year and not later than 5 years Total 2,888 Operating lease costs recognised as an expense in the Statement of Financial Activities amount to £0 (2023: £2,888). 23
FOUNDATION FOR RELIEF AND RECONCILIATION IN THE MIDDLE EASr- OPERATING AS MOSAIC MIDDLE EAS NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2024 13. FUNDS-Current Year At 01.01.24 Incomln8 Resources Re50urces Expended Transfers Between Funds At 31.12.24 Unrestrlcted Funds General Fund 234,332 356,583 (128,371) {168,101} lo,0) 294,441 20,000 Designated international development bid writer fund io,o(hJ 244,332 356,582 1128,3711 1158,1011 314,441 Restrlcted Funds St George's Church and Cllnic Northern Iraq BFFS Education Grant Gaza Emergency Rellef Jordan Middle East Projects 48,088 35,921 13,455 61,304 95,659 1105,538} {44,186} {13,974) 19,4761 {129,5921 166,1991 57,451 16,457 8,192 519 51,828 33.933 66,199 16,457 254,427 1368.9651 158,101 60,020 TOTAL FUNDS 260,788 611,010 (497,336) 374,462 Restritted Fund5 were used for key charitable activities at St. George's Church and Clinic in Baghdad, provide humanitarian relief for Internally Displaced People in Northern Iraq, provide humanitarian relief to refugees In Jordan, emergency rellef in Gaza and deliver sustalnable, employment projects to the needy in both Northern Iraq and Jordan. Unrestricted Funds are used to cover the shortfall in Restricted Funds in these 4 key activities. 14. FUNDS-Prior Year At 01.01.23 Incomlng Resour¢e$ Resources Expended Transfers Between Funds At 31.12.23 Unrestrlcted Funds General Fund 229,480 365,635 1195.6101 {165,174) 234,331 Designated donor relationship management fund Designated international development bid writer fund iO,OLK> 10,0 239,480 365,635 1195,610} 1165,174) 244,331 Restricted Funds St George's Church and Cllnic Northern Iraq 56,495 7,345 98,895 Ill,892) 134.7701 {1,576} 115 241 52,397 27,425 129,8891 115,241 16.457 16,457 Jordan Middle East Project5 31,570 48,027 162,735 528,370 1359,479} 1555.089) 165,174 16,457 260,788 TOTAL FUNDS 287,507 24
FOUNDATION FOR RELIEF AND RECONCILIATION IN THE MIDDLE EAST- OPERATING AS MOSAIC MIDDLE EAsr NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2024 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENTYEAR General Designated funds funds Restricted funds 31.12.24 Current assets 299,610 20.000 60.020 379,631 Creditors due within oneyear 15,169) (5.169) Z94A42 20,000 60,020 374.462 16. ANALYSIS OF NET ASSEfs BETWEEN FUNDS Prlor Year General Deslgnated funds funds Restrlcted funds 31.12.24 Current assets 246.587 10,000 16.457 273,044 Creditors due wlthln one year (12,256) {12,256) 234,331 10.000 16.457 160,788 17. RECONCILIATION OF NET MOVEMENTIN FUNDSTO NETCASH FLOW FROM OPERATING ACTIVITIES 31.12.24 31.12.23 Net income for the year las per Statement of financial actlvltles} 113,673 126,719) Adjustment for: {IncreasellDecrease In debtors {9.397) (27,657) {Decreasel / Increase in credltors (7,0871 15,976) Net cash used In operatln8 artivitles 97,190 160.352) 18. ANALYSIS OF CASH AND CASH EQUIVALENTS 31.IZ.24 31.IZ.23 Cash at bank and in hand 330,159 232.969 Total 330,159 232,969 25