Trustees’ Annual Report for the period
From: 01 January 2024 Period start date To: 31 December 2024 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 by supporting vulnerable
benefit, in particular, the communities through emergency relief, access
activities, projects or to clean water, education, and food security in
services identified in the an effort to alleviate suffering and creating a
accounts. difference in the lives of those we serve.
Activities for this reporting period include:
Water Access
Food Security
Orphan Care
Education
Emergency Relief
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
Commission on public organisation’s aims and objectives.
benefit
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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 | Our efforts are focused on providing life- saving and life-changing support to beneficiaries through emergency relief, orphan care, water access, education, and food security. We remain committed to expanding our reach and enhancing the quality of our services. Water Access Installation, repair and maintenance of boreholes and water wells. Education - Investing in and enhancing the quality of education. - Supporting learning centres and formal school reintegration for displaced and underprivileged children. - Professional development programs for educators. - Provision of educational resources to learners. Orphan Care - Support to two orphanages in different locations. - Creating a holistic environment that nurtures and stimulate the well-being of the children. - Supporting the development of a wide-ranging curriculum which includes ethics, sustainability, Agriculture, STEM, Arts & craft etc. taught through formal and play-based learning. |
| Food | security | |
|---|---|---|
| - | Food distribution at various points | |
| during the year. | ||
| - | Nutrition programs for malnourished | |
| children. | ||
| - | Tree planting and community | |
| gardens to promote local food | ||
| production. | ||
| Emergency Relief | ||
| Response to multiple flood |
incident, | |
| delivering emergency aid to victims. |
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
| 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:
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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
Other
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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 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-24 31-Dec-24 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 8,253 8,253 17,939
Water project 6,620 6,620 7,631
Feeding 4,612 4,612 2,165
Zakat 5,960 5,960 2,930
Orphans 2,220 2,220 1,815
SRF 37,987 37,987 80,366
Flood 585 585
-
Sub total (Gross income for
AR) [ 8,253 ] 57,984 - 66,238 112,846
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 8,253 57,984 - 66,238 112,846
A3 Payments
Charitable activities 33,416 57,984 91,400 86,607
Admin cost 715 715 684
GRT - 10,000
- -
- - - -
- - - -
- - - -
Sub total [ 34,131 ] 57,984 - 92,115 97,291
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 34,131 57,984 - 92,115 97,291
Net of receipts/(payments) - 25,878 - - - 25,878 15,555
A5 Transfers between funds - - - - -
A6 Cash funds last year end 43,171 43,171 27,616
Cash funds this year end 17,293 - 43,171
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CCXX R1 accounts (SS)
29/10/2025
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 31/12/2024 Details Total cash funds (agree balances with receipts and payments account(s)) Details Details Details |
Unrestricted funds to nearest £ 17,293 - - 17,293 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)
29/10/2025
2
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the truste FOUNDATION FOR REFUGEE ECONOMIC EMPOWERMENT On •Gcounts for the year ended 31ST DECEMBER 2024 Charlty no {If any) 1164143 Set out on pagos I report to the trustees on my examination of the acwunls of the above charity {Ihe Trust") for the year ended 31 ST December 2024. Re8ponslbllltle• and basis of report As the charrvs trustees. you are responsitle for the preparatn of the counts in accordance with the requirements of the Charitwa Act 2011 (Yhe Act.). I report in respect of my examination of the Trust's 8wunts c4fried out under section 145 of the 2011 Acl and in carying out my examination, I have followed all the ep1&8b1e DirectKins given by the Charity Commi8slon urKler sedion 145(51{b) of the Act. Independent examlnerfs 8tstement I have completed my examinali)n. I wnfiffli thal no material matters have come to my attent in connection with the examinalion which gives me Couse to believe that in, any matertal respect.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts dKI nol accord wllh Ihe accounting records; or the accounts dKI rt compty with the applicable requirements concerning Ihe form and content of accounts set out in the Charrtie$ (Accounts and Reports) RegulalK)n$ 2008 olhei than any requirement Ihat the accounts gNe a Irue and fair, view which is not a matter considered 85 part of an independent examination. I have no concems and have come across no other matters in connection ¥th the examination to which attenlion S)uld be drawn in this report in order to enable a proper understanding of the a¢UnIS lo be reached. Slgned: Date: 611 Name: RICHARD PATON Relevant prolesslonal quallficatlon(sl or body Ilf any): ACCA- (Registration number 0082357) IER Oct 2018
Address: Jordangale House, Jordangate. Macdesfiekl, Cheshire. SK10 1 EQ Section B Disclosure on complete If the examiner needs lo highlight material matters of Goncern (see CC32. Independent examination of charity accounts: directions and guidance for examiners). Glvè hgre brtef delalls any Items that th• examlner wlsheJ to dl8¢1080. IER Oct 2018