## **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** **----- Start of picture text -----**
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
**----- End of picture text -----**
**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** **----- Start of picture text -----**
SORP reference
**----- End of picture text -----**
|**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: **----- Start of picture text -----**
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
**----- End of picture text -----**
## **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** **----- Start of picture text -----**
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
**----- End of picture text -----**
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 preparat￿n 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 ep￿1&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 r￿t 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