Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year From 01 01 2023 To 31 12 2023
Section A Reference and administration details
THE IRIS BRUFF, ROMEO & INET EFFS FOUNDATION
Charity name
Other names charity is known by
IBRIE Foundation
Registered charity number (if any) 1195275
Charity's principal address
London Southbank University
Clarence Centre 6 St. Georges Circus Postcode SE1 6FE
Names of the charity trustees who manage the charity
Dates acted if not for whole Name of person (or body) entitled Trustee name Office (if any) year to appoint trustee (if any) 1 Romeo Effs 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Names of the trustees for the charity, if any, (for example, any custodian trustees)
| Name | Dates acted if not for whole year | |
|---|---|---|
| Christopher Merchant | ||
| Marcia Jones |
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Names and addresses of advisers (Optional information)
Type of adviser Name Address
Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management
Description of the charity’s trusts
Type of governing document
IBRIE Governance Manual
- (eg. trust deed, constitution)
How the charity is constituted
IBRIE Foundation Constitution
- (eg. trust, association, company)
Trustee selection methods
Appointed by the Board
- (eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
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policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
Summary of the objects of the charity set out in its governing document
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Social Inclusion - providing educational and awareness campaigns on behalf of individuals and communities who are division excluded as a result of non-existent or wholly ineffective digital infrastructure.
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Advancement of education -Advancing the education of the public in STEAM
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Awarding to such persons under the age of 30 scholarships, maintenance allowances or grants tenable at any university, college or institution of higher or further education.
• Community Capacity Building- promoting and developing the capacity and skills of the members of socially and economically disadvantaged communities. Advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in
IBRIE Foundation is a non-profit organization based in London, United Kingdom. Our passion is to redefine leadership especially among young people who find themselves in very deprived areas, or who have been marginalised. We work with young people from underserved communities, in the U.K. mainly and by extension through some projects with the young expel from rural communities in Jamaica and Ghana, empowering them to bring bold ideas to life in order to have a big impact in their communities, and change the world for good.
Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
Statutory declaration- All trustee forms have been completed and updated.
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Additional details of objectives and activities (Optional information)
You may choose to include further statements, where relevant, about:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
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Section D Achievements and performance
Summary of the main achievements of the charity during the year
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Youth development program in Nigeria
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• Continued mentorship program in the UK • Funded New Social Impact Award in St. Mary, Jamaica • Paid tuition fee for two persons (One in Ghana and one in Jamaica)
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Section E Financial review
Brief statement of the charity’s policy on reserves
The board of trustees are responsible for periodically reviewing the movement of the charity’s reserves and to ensure they are used in accordance with the charity’s objectives.
Details of any funds materially in deficit
None
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
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the charity’s principal sources of funds (including any fundraising);
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how expenditure has supported the key objectives of the charity;
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investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Romeo Effs Position (eg Secretary, Chair, Chair etc) Date August 10, 2024
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REGISTERED CHARITY NUMBER: 1195275
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 FOR THE IRIS BRUFF, ROMEO & INET EFFS FOUNDATION
THE IRIS BRUFF, ROMEO & INET EFFS FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023
Page Reference and Administrative Details 1 Statement of Financial Activities 2 Balance Sheet 3 Notes to the Financial Statements 4 to 5 Detailed Statement of Financial Activities 6
THE IRIS BRUFF, ROMEO & INET EFFS FOUNDATION
REFERENCE AND ADMINISTRATICE DETAILS FOR THE PERIOD ENDED 31 DECEMBER 2023
TRUSTEES ROMEO EFFS CHRISTOPHER MERCHANT MARCIA JONES
PRINCIPAL ADDRESS
LONDON SOUTHBANK UNIVERSITY CLARENCE CENTRE 6 ST. GEORGES CIRCLE LONDON SE1 6FE REGISTERED CHARITY NUMBER 1195275
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THE IRIS BRUFF, ROMEO & INET EFFS FOUNDATION
STATEMENT OF FINANCIAL ACTIVITES FOR THE PERIOD ENDED 31 DECEMBER 2023
2023 2022 £ £ Notes INCOME AND ENDOWMENTS FROM Unrestricted Income 19,540 2,500 EXPENDITURE: Charitable activities 19,059 2,500 NET INCOME/ (EXPENDITURE ) 511 - RECONCILIATION OF FUNDS Total funds brought forward 12 12 TOTAL FUNDS CARRIED FORWARD 523 12
The notes form part of these financial statements
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THE IRIS BRUFF, ROMEO & INET EFFS FOUNDATION
BALANCE SHEET 31 DECEMBER 2023
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2023 2022
Notes £ £
CURRENT ASSETS
Cash at bank 523 12
NET ASSETS 523 12
FUNDS
Unrestricted funds 523 12
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The financial statements were approved by the Board of Trustees and authorised for issue on 10 August 2024 and were signed on its behalf by:
……………………….. Romeo Effs- Chair
The notes form part of these financial statements
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THE IRIS BRUFF, ROMEO & INET EFFS FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE PERIOD ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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 (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
Investment income and fundraising proceeds are included when receivable.
Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
Fees are included when the charity has a right to income by way of performance of services.
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THE IRIS BRUFF, ROMEO & INET EFFS FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE PERIOD ENDED 31 DECEMBER 2023
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under the headings that aggregate all cost related to the category. Where cost cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each is included in the notes to the financial statements.
2. TRUSTEES’ REMUNERATION AND BENEFITS
Trustees’ remuneration and other benefits for the period ended 31[st] December 2023 was £nil (2022:nil)
Trustees’ expense
There were no trustees’ expenses paid for the period ended 31 December 2023 (2022:nil)
3. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
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THE IRIS BRUFF, ROMEO & INET EFFS FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2023
2023 2022 £ £ INCOME AND ENDOWMENTS Charitable activities Donations 19,540 2,500 EXPENDITURE Charitable activities Grants to beneficiaries 12,592 - Equipment 5,400 1,200 Awards - 700 Sundries 75 100 Travel 890 500 18,957 2,500 Support cost Finance Bank Charges 102 - Total resources expended 19,059 2,500 Net expenditure 511 -
This page does not form part of the statutory financial statements
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