Trustees’ Annual Report for the period
From: 01 January 2023 Period start date To: 31 December 2023 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. Our commitment to improving the lives of and providing relief to vulnerable communities remains unwavering. Our aim is to create a meaningful difference in the lives of those we serve through collaborative efforts with our partners and donors. We have made a commitment to continue to drive impact, transform and inspire our stakeholders. Relief project for this reporting period include but not limited to: • Water Aid • Food Aid • Orphan Care • Education |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity |
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. |
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
| 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 | Our efforts are focused on providing comprehensive support to beneficiaries. Feedback from recipients reflect the crucial role of our support. Water Aid In collaboration with our partners and the generosity of our donors, we were able to increase the construction (and repair) of boreholes and water wells in underserved location across nine States in Nigeria. Providing access to clean and safe drinking water in those communities which has benefited over 100,000 people. Education Bridging educational gaps for out-of-school children, particularly those affected by conflict or displacement. Investing in and enhancing the quality of education through professional development for educators and the provision of educational resources for children. Orphan Care Provision of support to two orphanages in two different locations in northern Nigeria. Support has been through the following: |
| - | Creating an environment that |
|---|---|
| nurtures and stimulate the well-being | |
| of the children. | |
| - | Supporting the development of a |
| curriculum which includes ethics, | |
| sustainability, Agriculture, STEM, Arts | |
| & craft etc. taught through formal and | |
| play-based learning. | |
| Food Aid: | |
| - | Distribution of hot meals and food |
| parcels in hard-to-reach areas at | |
| various points during the year. | |
| - | Encouraging tree planting, |
| establishing community gardens and | |
| orchards, thereby promoting local | |
| food production, contributing to food | |
| security and sustainability. | |
| Emergency Relief: | |
| Distribution of food and blankets to the most | |
| vulnerable (displaced) families affected by | |
| the earthquakes that hit the south of Turkey | |
| and northwest of Syria in February 2023. | |
| Over 2000 beneficiaries were reached. |
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 Para 1.22 reserves Details of fund materially in Para 1.24 deficit Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern
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 any person or body entitled to appoint one or more trustees |
Para 1.25 |
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 relatedparties |
| 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
01-Jan-23
31-Dec-23
For the period from
To
CC16a
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ |
Unrestricted funds to the nearest £ |
Restricted funds to the nearest £ |
Restricted funds to the nearest £ |
Endowment funds to the nearest £ |
Endowment funds to the nearest £ |
Total funds to the nearest £ |
Total funds to the nearest £ |
Last year to the nearest £ |
|---|---|---|---|---|---|---|---|---|---|
| General fund | 17,939 | - | - | 17,939 | 5,094 | ||||
| Waterproject | 7,631 | - | 7,631 | 2,265 | |||||
| Feeding | 2,165 | - | 2,165 | 4,955 | |||||
| Zakat | 2,930 | - | 2,930 | 3,022 | |||||
| Orphans | 1,815 | - | 1,815 | 1,440 | |||||
| SRF | 80,366 | - | 80,366 | 74,360 | |||||
| - | - | ||||||||
| - | - | ||||||||
| Sub total(Gross income for AR) |
17,939 | 94,907 | - | 112,846 | 91,136 | ||||
| A2 Asset and investment sales, (see table). |
|||||||||
| - | |||||||||
| - | - | ||||||||
| Sub total | - | - | |||||||
| Total receipts A3 Payments |
|||||||||
| 91,136 | |||||||||
Charitable activities |
- 8,300 | 94,907 | 86,607 | 63,716 | |||||
| Admin cost | 684 | 684 | 524 | ||||||
| GRT | 10,000 | 10,000 | |||||||
| - | - | - | |||||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | ||||||
| **Sub total ** | 2,384 | 94,907 | - | 97,291 | 64,240 | ||||
| A4 Asset and investment purchases (see table) |
|||||||||
| , | - | ||||||||
| - | |||||||||
| **Sub total ** | - | - | |||||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
|||||||||
| 64,240 | |||||||||
| 15,555 | 15,555 | 26,896 | |||||||
| - | - | - | |||||||
| 5,290 | 27,616 | 719 | |||||||
| 20,845 | 43,171 | 27,616 |
CCXX R1 accounts (SS)
29/10/2024
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 £ 20,845 - - 20,845 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 £ |
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| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| Current value (optional) |
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| Current value (optional) |
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| When due (optional) |
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| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - |
CCXX R2 accounts (SS)
29/10/2024
2
CHARITY COMMISSION FOR ENGLAPK) AND WALES Independent examiner's report on the accounts Section A Independeni Examiner's Report Report to the trustees Foundation For Refugee Economic Empowemenl On accounts for the year ended 31 Decembèr 2023 Charlty no (if any) 1164143 Set out on pages I report lo the Irusiees on my examin81ion of the acwunts of the abov8 charity I"Ihe Trusf) for Ihe year ended 3111212023. Rasponslbllltiès and bas18 of report As the charivs trustees, you are re5J)onsiblg for the preparation ol the a¢¢ounls in a¢¢ordance with Ihe reqtsiremenls of the Charities Act 2011 I"th8 Ad"). I roport in respect of my 8xamlnation of the Trust's accounts carrled out under section 145 of the 2011 Ael and in Garrying Out my examination, I have followed all the applica8 Dire¢lion5 given by the Charity Commission under section 14SI5Mb) of the Acl. Independenl examlner's statement I have Completed my examination. I confirm that no m818rial matter$ have come to my allenlion in conneclion with the examlnation which gives me cause to believe that in. any material respecl.. the accountin9 records weffj not kept in accordance with soclion 130 ol the Charities Act- or the aoUnts did not accord wlth th8 accotsnling records; or I have no corKems and have com¢ ac¥oss no olher matter5 in connecllon with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be re8¢hed. Sl9ned: Date: Name: Rlchard Paton Rolevant wofessional qualSficatlon{$) or body FCCA IER Oct 2018
Ilf any): Address: Jordangate House. Jordangale. Macclesfield. Cheshire. SK10 1 EQ Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examinalion of tharity aceounls.. direction$ and guidance for examiners). Glvg here brlef dgtalls of any Itoms that the examiner wishes to dl$¢lo$e. IER Oct 2018