Trustees’ Annual Report for the period
From: 01 January 2021 Period start date To: 31 December 2021 Period end date
Charity name: Foundation for Refugee Economic Empowerment
Charity registration number: 1164143
Objectives and Activities
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SORP reference
Summary of the purposes of Para 1.17 To provide relief and assistance to internally
the charity as set out in its displaced persons (IDPs) mainly in Nigeria-but
governing document not exclusively-who are the victims of war,
natural disaster, trouble or catastrophe by
raising awareness and assisting in the
provision of basic needs, healthcare and
education.
To advance other such charitable purposes
(according to the law of England and Wales) as
the trustees see fit.
Summary of the main Para 1.17 and Foundation for Refugee Economic
1.19
activities in relation to those Empowerment (FREE) continues to fulfil its
purposes for the public charitable role of supporting people in need.
benefit, in particular, the Our focus has been the internally
activities, projects or displaced/returnees in northern Nigeria. We
services identified in the have been raising funds and awareness since
accounts. the journey began in 2014.
We continue to explore and forge mutually
beneficial collaborations and partnerships with
both local and international organisation with
similar goals.
Activities for this reporting period include:
Educational programmes
Borehole construction & Repair
Empowerment programmes
Orphan support
Flood Relief
Food distribution
Statement confirming Para 1.18 The activities undertaken for this reporting
whether the trustees have period confirms that the trustees have taken
had regard to the guidance due regard to the Charity Commissions
issued by the Charity guidance on public benefit when reviewing the
organisation’s aims and objectives.
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Commission on public benefit
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Policy on grant making Para 1.38 Policy on social investment Para 1.38 including program related investment Contribution made by Para 1.38 volunteers Other
Achievements and Performance
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SORP reference
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| Achievements and Performance | Achievements and Performance | Achievements and Performance |
|---|---|---|
| SORP reference | ||
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Education: We support children particularly orphans who would otherwise not have access to education. We aim to embed a culture of learning which will enable the children to integrate back into mainstream schools. The curriculum include topics on ethics, sustainability, STEM, Agriculture, Arts & craft. Orphans: We continue to invest in supporting orphans, providing shelter and education. Empowerment: The programme has been transformative for those supported, equipping them with the skill to become self- sufficient and provide for their families. Health: We continue to provide disease prevention training and run emergency health clinics in areas identified as most in need. Water: Construction (and repair) of hand operated and solar boreholes in several states. Food distribution: Distribution of food supply and adhoc soup kitchens in various locations. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | The target for this reporting period was exceeded. |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | Due to generous supporters, fundraising activities and new partnerships, there was an increase in funds raised and disbursed. |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of theperiod |
Para 1.21 | Financial position is stable and we plan to continue to raise more funds to support our objectives. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | There is no reserve policy at present. |
| Amount of reserves held | Para 1.22 | |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
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Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal Income is generated through fundraising
sources of funds (including activities, individual donations and
any fundraising) partnership with other organisations.
Para 1.47
Investment policy and
objectives including any
social investment policy
adopted Para 1.46
A description of the principal
risks facing the charity
Para 1.46
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| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Income is generated through fundraising activities, individual donations and partnership with other organisations. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
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|---|---|---|
| Type of governing document | Para 1.25 | Constitution |
| How is the charity constituted? |
Para 1.25 | Charitable Incorporated Organisation |
|---|---|---|
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | As described in the constitution |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | As described in the constitution. Trustees also participate in the training provided by the Commission. |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | There are currently four trustees, no new appointments have been made. |
| Relationship with any related parties |
Para 1.51 | |
| Other | Trustees are volunteers and give their time freely without remuneration, however expenses incurred solely for charity purposes are reimbursed on request. |
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Foundation for Refugee Economic Empowerment 1164143 Receipts and payments accounts CC16a 01-Jan-21 31-Dec-21 For the period from To
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Section A Receipts and payments
Unrestricted Restricted
Endowment funds Total funds Last year
funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
General fund 4,842 - - 4,842 12,493
Water project 355 - 355 4,740
Feeding 2,620 - 2,620 3,953
Zakat 4,109 - 4,109 6,351
Orphans 1,490 - 1,490 2,230
SRF 130,457 - 130,457 42,121
COVID - - 4,024
- - -
Sub total (Gross income for
AR) [ 4,842 ] 139,030 - 143,872 75,912
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 4,842 139,030 - 143,872 75,912
A3 Payments
Charitable activities 11,991 139,030 151,022 69,677
Admin cost 191 191 433
-
- - -
- - - - -
- - - - -
- - - -
Sub total [ 12,182 ] 139,030 - 151,213 70,110
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 12,182 139,030 - 151,213 70,110
Net of receipts/(payments) - 7,341 - - - 7,341 5,802
A5 Transfers between funds - - - - -
A6 Cash funds last year end 8,060 - - 8,060 2,258
Cash funds this year end 719 - - 719 8,060
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CCXX R1 accounts (SS)
29/10/2022
1
Section B Statement of assets and liabilities at the end of the period
| Categories B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Cash at bank as of 31/12/2021 Details |
Unrestricted funds to nearest £ 719 - - 719 OK Unrestricted funds to nearest £ - - - - - - Fund to which asset belongs Fund to which asset belongs Fund to which liability relates |
Restricted funds to nearest £ - - - OK Restricted funds to nearest £ - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - Amount due (optional) - - - - - |
Endowment funds to nearest £ - - - - OK Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional) - - - - - - - - - When due (optional) |
|---|---|---|---|---|
CCXX R2 accounts (SS)
29/10/2022
2
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of FOUNDATION FOR REFUGEE ECONOMIC EMPOWERMENT On accounts for the year ended 31 DECEMBER 2021 Charfty no lif any) 1164143 Set out on pages I report to the trustees on my examination of the accounts of the above charity ("the Trust.) for the year ended 3111212022. Responsibilltles and As the charity trustees of the Trust. you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 {'the Ad.). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed the applicable Directions given by the Charity Commission under section 14515)(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connertion with the examination which gives me cause to believe that in, any material respect.. accounting records were nol kept in accordance with section 130 of the Act or the accounts do not accord wrth the accounting records Independent examiner's statement I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Date: 2911012022 Name: IAIN HARDY Relevant professional qualificationls) or body (If any>: ICPA Address: CABSYS LTD, 34 CHURCH MEWS, CHURCHILL WAY MACCLESFIELD. CHESHIRE SK116AY Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32. Independent examination of charity accounts: directions and guidance for examiners). IER October 2018
Glve here brfef detalls of any items that tho examiner wlshes to disclose. IER October 2018