Registered Charity Number: 1191169
Gems of Faith CIO
Trustees’ Annual Report and Financial Statements for the year ended 1[st] April 2024
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Gems of Faith CIO
| Contents | |
|---|---|
| Charity information | 3 |
| Trustees’ report | 4 - 7 |
| Statement of Financial Activities | 8 |
| Notes to financial statements | 9 - 11 |
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Gems of Faith CIO
Trustees
Mrs Nehad Ibrahim Mrs Mahalaqa Zafar Miss Sabrina Hussein Miss Aisia Rafiq
Registered charity number
1191169
Principal Address
16 Longhurst Road Broadfield Crawley West Sussex RH11 9SW
Bankers
The Co-Operative Bank PLC P.O.BOX 250 Skelmersdale WN8 6WT
Telephone: 0300 302 0410 Mobile: 07519668291
Email: admin@gemsoffaith.org Website: www.gemsoffaith.co.uk
The charity is a registered charity: Registered Number 1191169
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Gems of Faith CIO
Report of the Trustees for the year ended 1[st] April 2024
Introduction
The Trustees present their annual report together with the financial statements of the charity for the year ended 1st April 2024.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) as detailed in the accounting policies.
Structure, Governance and Management
Gems of Faith CIO (the “Charity”) was registered as a charitable incorporated organisation on 7[th] September 2020, number 1191169.
Risk management
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to ensure regular reports are produced for Trustees to ensure all necessary actions are taken to lessen the risks.
Objectives and activities for the public benefit
The Trustees have complied with the duty in Section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission in respect of public benefit and in planning the activities for the year, have kept this in mind.
In planning activities for the year, the trustees kept in mind the Charity Commission’s guidance on public benefit at the trustee meetings. The main activities are as follows:
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Provide grants to those most in need
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Run monthly wellbeing workshops
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Providing direct help, giving information and raising awareness
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Rasing awareness of poverty and on-going hardship in the local area
These activities benefit people by developing their self-confidence and social skills, their practical IT skills and life skills and providing opportunities for people to better themselves. Gems of Faith welcome all people, of all ages, regardless of personal background, faith, gender and personal circumstances
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Gems of Faith CIO
Report of the Trustees for the year ended 1[st] April 2024
Achievements and Performance
April 2023 – On-going: (Health and wellbeing workshop).
The Charity started hosting a monthly wellbeing workshop at the Broadfield Community Centre.
The workshop is held at the end of each month. The workshop is aimed at women of all backgrounds, and provides a safe place, for these women to have someone to talk to.
The board of Trustees have agreed to continue fundraising to keep this workshop as a regular activity.
May 2023: (Lebanon Appeal)
The Charity provided support and assistance to thoses in desperate need, providing baby milk nappies sanitary towels and food, through a parntnered oginaisation on the ground.
October 2023: (Wellbeing walkabout)
The Charity organized a walk in the park to help promote health and welbeing
Novenber 2023: (Carers Dinner)
The Charity hosted a fundraising event in aid of the pepole of Palastine as they are in urgent need of food, shelter, and clothing. The event welcomed everyone from the local community to come together and help raise awearness and funds for this cause.
December 2023:
The Charity worked with a local organisation in Marrakesh to help distrabute tents and food supplies to the victims of the earthqake.
Reserves policy
It is the policy of the Charity to maintain sufficient cash funds so that the charity can continue its works and projects for future years.
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Gems of Faith CIO
Report of the Trustees for the year ended 1[st] April 2024
Plans for Future Periods
Due to the success of the fundraising events held in this period the Trustees are looking for larger venues to hold all upcoming events, to help alleviate access and space issues attendees, experienced due to numbers.
The Trustees plan to continue the workshop and host an online webinar as it has proven to be very successful with a lot of positive feedback.
The Charity are planning to continue the international, Lebanon and Morrocco projects as the recipients of the aid and assistance package, require additional help.
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Gems of Faith CIO
Report of the Trustees for the year ended 1[st] April 2024
Approval
This report was approved by the Board of Trustees on 27[th] October 2024 and signed on its behalf by:
Mrs Nehad Ibrahim
Chair of Trustees
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Gems of Faith CIO
Statement of Financial Activities for the year ended 1[st] April 2024
| Incoming Resources Notes Carried forward from previous year Donations 2 Fundraising Total Incoming Resources Resources Expended Charitable Activities 3 Fundraising & Support Costs 4 Total Resources Expended Net income for the Year RECONCILIATION OF FUNDS Total Funds Carried Forward |
Unrestricted Funds £11,165.22 £8,250.35 £172.00 |
Restricted Funds Total |
|---|---|---|
| £11,165.22 | ||
| £1,888.54£10,138.89 £1,398.78 £1,570.78 |
||
| £19,587.57 | £3,287.32 £22,874.89 | |
| £2,419.50 £1,319.26 |
£3,287.32 £5,706.82 £1,319.26 |
|
| £3,738.76 | £3,287.32 £7,026.08 |
|
| £15,848.81 | £0.00 £15,848.81 | |
| £15,848.81 | £0.00 £15,848.81 |
The financial statements on page 8 were approved by the Trustees on the 27[th] October 2024 and were signed on its behalf by:
Mrs Nehad Ibrahim
Chair of Trustees
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Gems of Faith CIO
Notes to the financial statements for the year ended 1[st] April 2024
1. Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: CIO information The Gems of Faith CIO was registered as a charitable incorporated organisation on 7[th] September 2020 and is governed by a constitution dated 25[th] July 2020 and registered with the Charity Commission under charity number 1191169. The charity’s principal office address is 16 Longhurst Road, Broadfield Crawley West Sussex RH11 9SW.
a) Accounting convention
The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (“Charities SORP (FRS102)”). The Gems of Faith CIO meets the definition of a public benefit entity under FRS 102.
Income is recognised in full in the Statement of Financial Activities (“SoFA”) in the year in which it is receivable.
b) Fund’s structure
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds, which are to be used in accordance with specific restrictions imposed by the donor(s), giving the donation and or grant.
Further details are disclosed in notes 2(a)
c) Resources expended
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure.
d) Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries
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Gems of Faith CIO
Notes to the financial statements for the year ended 1[st] April 2024
2. Analysis of incoming resources
| Donations: Regular Givers: Individuals - Non Gift Aid Donations: Regular Givers: Individuals - Gift Aid Donations: Gifts in Kind Fundraising: Fundraising Events |
Unrestricted Funds Restricted Funds Total £3,727.00 £3,727.00 £1,150.00 £1,150.00 £3,373.35 £1,888.54 £5,261.89 £172.00 £1,398.78 £1,570.78 |
|---|---|
| £8,422.35 £3,287.32 £11,709.67 |
a) Restricted funds are to be used only for the following specific purposes:
Morrocco Earthquake appeal – Funds to support victims of the earthquake in Morrocco
Lebanon appeal – Funds to support the refugees in Lebanon, who are facing extreme hardship
3. Analysis of resources expended – Charitable activities
| Charitable Activities - Grants Charitable Activities - Projects |
Unrestricted Funds Restricted Funds Total £300.00 £300.00 £2,419.50 £2,987.32 £5,406.82 £2,419.50 £3,287.32 £5,706.82 |
|---|---|
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Gems of Faith CIO
Notes to the financial statements for the year ended 1[st] April 2024
| 4. Analysis of resources expended – Fundraising and Support costs | 4. Analysis of resources expended – Fundraising and Support costs | ||
|---|---|---|---|
| Unrestricted | Restricted | ||
| Funds | Funds | Total | |
| Fundraising Costs: Advertising & Publicity | £28.25 | £28.25 | |
| Fundraising Costs: Website Maintenance | £137.49 | £137.49 | |
| Support Costs: Stationery | £744.64 | £744.64 | |
| Support Costs: IT & Telephony | £408.88 | £408.88 | |
| £1,319.26 | £1,319.26 |
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