## **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:|||
|---|---|---|
|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