## **Trustees’ Annual Report for the period**
**From:** 01 January 2022 **Period start date To:** 31 December 2022 **Period end date**
**Charity name:** Foundation for Refugee Economic Empowerment
## **Charity registration number:** 1164143
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To provide relief and assistance to internally
displaced persons (IDPs), mainly in Nigeria-but
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
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|Foundation
for
Refugee
Economic
Empowerment (FREE) continues to fulfil its
charitable role of supporting people in need.
Activities for this reporting period include:
•
Borehole Construction & Repair
•
Educational/Empowerment
Programmes
•
Orphan Support
•
Food Distribution
•
Flood Relief|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The activities undertaken for this reporting
period confirms that the trustees have taken
due regard to the Charity Commissions
guidance on public benefit when reviewing the
organisation’s aims and objectives.|
## **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**
||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|Water: Construction (and repair) of hand
operated and solar boreholes in several
locations.
Education: We continue to encourage a
culture of learning and development in our
education centres. The curriculum includes
topics on ethics, sustainability, STEM, Arts &
craft etc.
Orphan Support: We have two orphanages in
different locations, we invest in the provision
of holistic environment to foster well-being
and all-round development.
Empowerment: We were able to continue
previous activities and respond to new needs.
We’ve
included
tree
planting
in
our
programme, this provides an income and
source of food for the community with the
aim of encouraging self-sufficiency.
Food Distribution: We distribute food
parcels in hard-to-reach areas and run soup
kitchens in various locations.
Emergency relief to those affected by severe
floods that caused displacement. Intervention
included the delivery of food parcels, medical
supplies and reconstruction of destroyed
homes.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41||
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41|We continue to disburse funds raised
through generous supporters, fundraising
activities and new partnerships.|
|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 formal 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||
**Additional information (optional)** You may choose to include further statements where relevant about:
|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|Para 1.25||
any person or body entitled to appoint one or more trustees
## **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||
|---|---|---|
|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 CC16a** 31-Dec-22 **To**
## **Receipts and payments accounts**
01-Jan-22
**For the period from**
## **Section A Receipts and payments**
**----- Start of picture text -----**
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 5,094 - - 5,094 4,842
Water project 2,265 - 2,265 355
Feeding 4,955 - 4,955 2,620
Zakat 3,022 - 3,022 4,109
Orphans 1,440 - 1,440 1,490
SRF 74,360 - 74,360 130,457
COVID - -
- - -
Sub total (Gross income for
AR) [ 5,094 ] 86,042 - 91,136 143,872
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 5,094 86,042 - 91,136 143,872
A3 Payments
Charitable activities - 63,716 63,716 151,022
Admin cost 524 524 191
-
- - -
- - - - -
- - - - -
- - - -
Sub total [ 524 ] 63,716 - 64,240 151,213
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 524 63,716 - 64,240 151,213
Net of receipts/(payments) 4,570 22,326 - 26,896 - 7,341
A5 Transfers between funds - - - - -
A6 Cash funds last year end 719 - - 719 8,060
Cash funds this year end 5,290 22,326 - 27,616 719
**----- End of picture text -----**
CCXX R1 accounts (SS)
30/10/2023
1
## **Section B Statement of assets and liabilities at the end of the period**
|**Categories**
**B1 Cash funds**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|**Details**
Cash at bank as of 31/12/2022
**Details**
**_Total cash funds_**
(agree balances with receipts and payments account(s))
**Details**
**Details**
**Details**|**Unrestricted funds**
**to nearest £**
**5,290**
**-**
**-**
**5,290**
OK
**Unrestricted funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which asset**
**belongs**
**Fund to which asset**
**belongs**
**Fund to which liability**
**relates**|**Restricted**
**funds**
**to nearest £**
**22,326**
**-**
**-**
**22,326**
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)
30/10/2023
2
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