**Charity Registration Number 1200064**
## **GEM 72**
## **TRUSTEES' REPORT AND ACCOUNTS**
**FOR THE PERIOD 21ST SEPTEMBER 2022 TO 31ST DECEMBER 2023**
## **GEM 72 FOR THE PERIOD 21ST SEPTEMBER 2022 TO 31ST DECEMBER 2023 CONTENTS**
||**Page**|
|---|---|
|Legal and Administrative Information|1|
|Trustees' Report|2-3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Accounts|6|
**GEM 72**
Page 1
## **LEGAL AND ADMINISTRATIVE INFORMATION FOR THE PERIOD 21ST SEPTEMBER 2022 TO 31ST DECEMBER 2023**
## **Trustees**
Rev Daniel Corcoran Michael J Moore Canon Miranda Ford Nicola Batey Alicia Knights - Toomer Lisa Nissen Gordon Brown Alison Reynolds BEM
Chair of Trustees Treasurer Administrator Appointed 28th November 2022 Appointed 28th November 2022 Appointed 21st February 2023 Appointed 21st February 2023 Appointed 28th November 2022
## **Charity Number**
## **1200064**
**Correspondence Address**
15 Preston Park Faversham Kent ME13 8LH
## **Bankers**
National Westminster Bank plc
**GEM72**
Page 2
## **TRUSTEES' REPORT FOR THE PERIOD 21ST SEPTEMBER 2022 TO 31ST DECEMBER 2023**
The Trustees of the Charity present their annual report and accounts of the Charity for the period 21st September 2022 to 31st December 2023.
## **Governing Document and Constitution**
The Charity is a Charitable Incorporated Organisation and is governed by a constitution adopted on the 15th August 2022.
## **Organisation Structure**
The Charity is managed by a Board of Trustees which meet regularly . The Trustees of the Charity are listed on the legal and administrative page.
## **Objectives and Activities for Public Benefit**
GEM72 is a MOBILE provision for the Young People of Faversham and the surrounding areas in Kent. It creates a natural sense of Community and Opportunities for open conversation as we walk alongside many families on a daily basis. It alleviates the issues associated with accessing a centre-based children’s and youth facility. We are a Church of England Christian-based organisation.
The Trustees confirm that they have referred to the guidance contained at the Charity Commissioner's general guidance on public benefit when reviewing the Charity's objectives.
## **Achievements and Performance**
The achievements of the charity are vast and many. The GEM Mobile Trailer visits at least three sites a week and many more during holiday time, where we walk alongside hundreds of Children, Young People and their families. We also run the Faversham GEMs Awards once a year in March, where young people up to the age of 19 are nominated by a member of the public for how they Go Extra Miles, sparkle and shine in the community. Around a hundred children and young people are celebrated relating to those who are often under the radar and not recognised. An event is held for these nominees and their families for over 200 people where awards are presented. Peformances from young people and great refreshments are key on the day. Singalong Easter and Christmas are exciting events, where Young People and Adults come together as a choir singing parodies of well-known songs, showing how crucial we are in God's plan. There are over 20 rehearsals and two performances. Singing solos and acting in front of and silhouetted behind a screen with wonderful graphics. The choir and Audience on the day number around 250.
## **Plans for the Future**
As always, we will develop new ways of walking alongside our Young People and Families. Next year there will be a wider outreach in more places and our number of visits will increase. This will be enabled by our experienced and gifted team of leaders and volunteers, we have already had great support from our Grant Funders and anticipate great relationships with them and our Community in the future.
**GEM 72**
Page 3
**TRUSTEES' REPORT FOR THE PERIOD 21ST SEPTEMBER 2022 TO 31ST DECEMBER 2023**
## **Financial Review**
The accounts have been prepared on a Receipts and Payments basis . The results are shown on page 4
## **Reserves Policy**
The Trustees continue to look for new sources of income to build up their reserves, ideally to a minimum of six months expenditure
## **Risk**
During the period the Trustees have reviewed all major risks which the Charity could suffer and confirm all necessary action has been taken to mitigate.
We thank all those who have given their time and support over the period in helping us to achieve the aims of the Charity.
Signed on behalf of the Trustees on 19th March 2024
……………………………………… Rev Dan Corcoran Chair of Trustees
**GEM 72**
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GEM 72
I report to the Trustees on my examination of the accounts of the District for the Period ended 31st December 2023.
## **Responsibilities and basis of report**
As the charity trustees of GEM 72 you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the gem 72 accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent Examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the GEM 72 as required by section 130 of the Act; or
2. the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Ms Patti Whaley 40 Tanners Street Faversham Kent Date 12th July 2024 ME13 7JP
**GEM 72**
Page 5
## **RECEIPTS AND PAYMENTS ACCOUNT FOR THE PERIOD 21ST SEPTEMBER 2022 TO 31ST DECEMBER 2023**
|**Charitable Receipts**
Hire of Trailer
**Voluntary Receipts:**
Grants
Donations
Singalong
**Fundraising**
**Total Receipts**
**Payments**
**Payments on charitable activities**
**Total Payments**
**Excess of Receipts over Paymets**
**Transfer of Funds**
**Net movement in funds**
**Reconciliation of Funds**
**fund tranfered from St Mary of Charity PCC**
**Total bank balances as at 31st December 2023**|**Unrestricted**
**Funds**
**£**
1060
21,800
692
-
322
23,874
10,427
10,427
13,447
(1,915)
11,532
5,468
17,000|**Restricted**
**Total**
**Funds**
**Funds**
**£**
**£**
-
1060
2,050
23,850
-
692
280
280
-
322
2,330
26,204
8,197
18,624
8,197
18,624
(5,867)
7,580
1,915
-
(3,952)
7,580
5,202
10,670
1,250
18,250|
|---|---|---|
**GEM 72**
Page 6
## **STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST DECEMBER 2023**
|**MONETARY ASSETS**
NatWest Bank Current Account
**TOTAL BANK AND CASH BALANCES**
**NON MONETARY ASSETS**
St Peter and St Paul PCC GEM 72 Bus proceeds
Accrued Income
Overpayment of expenses (recoverable)
**NON MONETARY ASSETS**
Trolley for easy movement of Trailer
**LIABILITIES**
Queen Elizabeth Grammar School Theatre Hire
reimbursement to Trustees (net)|**Unrestricted**
**2023**
17,000
17,000
6576
460
50
7036
1746
1746
200
111
311|**Restricted**
**2023**
**£**
1,250
1,250
-
-
-
-
-
-
-|**Total**
**2023**
**£**
18,250
-|
|---|---|---|---|
||||18,250|
||||6,576
460
50|
||||7,036|
||||1,746|
||||1,746|
||||200
111|
||||311|
Signed on behalf of the Trustees on 19th March 2024
………………………………. Dan Corcoran - Chair of Trustees
…………………………………. M J Moore, FCA - Treasurer
## **Charity Registration Number**
**1200064**
**GEM 72**
Page7
**NOTES TO THE ACCOUNTS FOR THE PERIOD 21ST SEPTEMBER 2022 TO 31ST DECEMBER 2023**
## 1 **Accounting policies**
## **Basis of Accounting**
The Accounts have been prepared on a Receipts and Payments basis in accordance with the requirements of the Charities Act 2011 and the Accounting and Reporting by Charities: Statement of Recommended Practice SORP (effective January 2015).
## 2 **Funds**
The General Fund - represents the funds of GEM 72 that are not subject to any restriction regarding their use and are available for application to the general purpose of the Charity.
Restricted funds represent monies donated to GEM 72 for a specific purpose.
The accounts include monetary transactions, assets and liabilities for which the Trustees can be held responsible.
Subject to the above receipts and Payments include income as received and expenditure when irrevocably paid.
## 3 **Statement of Assets and Liabilities**
The following assets are recognised in the Statement of Assets and Liabilities:
- Any amount owing to the Charity
- Closing Bank and Cash Balances as shown in the Receipts and Payments Account.
The following Liabilities are recognised in the Statement of Assets and Liabilities:
- Creditors for goods and services where the supply has been received or relates to the period ended 31st December 2023.
- Monies received in advance relating to following year.
- 4 **Voluntary income**
|**oluntary income**||||
|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|
|Grants|**2023**|**2023**|**2023**|
||£|£|£|
|**Local authorities**||||
|Kent County Council|500|-|500|
|Swale Borough Council|300|800|1,100|
|**Charities**
y||||
|Queenborough Fisheries|5,000|-|5,000|
|Hilton Trafalgar Trust|1,000|-|1,000|
|Personal Services Group|2,000|-|2,000|
|The Edward Vinson 1957 Charity Settlement|2,000|-|2,000|
|Whitehead Monckton Charitable Trust|-|1,250|1,250|
|Kent Community Foundation|5,000|-|5,000|
|Beerling Foundation|1,000|-|1,000|
|Faversham Rotary Trust Fund|500|-|500|
|Bensted Charity|4,000|-|4,000|
|**Other Grants**||||
|Colin Sharp Trustees|500|-|500|
||21,800|2,050|23,850|
**GEM 72**
Page 8
**NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023**
## 5 **Charitable Expenditure**
|**aritable Expenditure**||||
|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|
||**2023**|**2023**|**2023**|
||£|£|£|
|Bus Running costs|1,788|-|1,788|
|GEM Awards||3,693|3,693|
|GEM Trailer||||
|Storage|450|-|450|
|Mileage|260|-|260|
|Equipment|1,313|2,000|3,313|
|Other costs|252|-|252|
|Maintenance|4,299|-|4,299|
|refreshments|1,022|-|1,022|
|Experience Christmas|151|-|151|
|Singalong|-|2,106|2,106|
|Wellbeing|-|398|398|
|Support costs office expenses|892|-|892|
||10,427|8,197
|18,624|
## 6 **Trustees Expenses**
The Trustees received no remuneration during the period or expenses relating to their duties as Trustees..
## 7 **Restricted and Designated Funds**
|_Restricted_
GEM Awards
Wellbeing CS *
Mobile Trailer
Singalong
Mobile and refreshments
Unrestricted funds
Total Funds|**Introduced**
**Incoming**
**Outgoing**
**resources**
**resources**
**£**
**£**
1,500
800
(3,693)
1,500
**-**
(398)
2,000
**-**
(2,000)
202
280
(2,106)
-
1,250
-|**Introduced**
**Incoming**
**Outgoing**
**resources**
**resources**
**£**
**£**
1,500
800
(3,693)
1,500
**-**
(398)
2,000
**-**
(2,000)
202
280
(2,106)
-
1,250
-|**Introduced**
**Incoming**
**Outgoing**
**resources**
**resources**
**£**
**£**
1,500
800
(3,693)
1,500
**-**
(398)
2,000
**-**
(2,000)
202
280
(2,106)
-
1,250
-|**Transfers**
**£**
1,393
(1,102)
-
1,624
-|**31/12/23**
**£**
-
-
-
-
1,250|
|---|---|---|---|---|---|
||5,202|2,330|(8,197|1,915|1,250|
||5,468
10,670|23,874
26,204|(10,427)
(18,624)|(1,915)
-|17,000|
||||||18,250|
* A grant was received for ' Effective engagement with children and young people to allow more knowledge of the client group we walk alongside. Providing Children and young people with activities for communication , collaboration and celebration'. This Grant was initially set aside for the imitative with the Children's Society but when this initiative ceased the balance of the grant contributed to the GEM Awards.
## 8 **Charity Equipment**
The bus used by the Charity was acquired by the Benefice for use by the GEM 72 imitative. The bus was registered on behalf of the Benefice with Ospringe PCC. When GEM 72 became a charity in its own right the bus was given by the Benefice to the new Charity. It was decided by the Trustees that the bus should be disposed of and that the Charity should concentrate on the use of the Trailer.
The Trailer is owned by the Rev Dan Corcoran and used by the Charity rent free but the charity does pay all overhead costs.