**Charity Registration number - 1200064** ## **GEM 72** **TRUSTEES' REPORT AND ACCOUNTS** **FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **GEM 72 FOR THE YEAR ENDED 31ST DECEMBER 2024 CONTENTS** ||**Page**| |---|---| |Legal and Administrative Information|1| |Trustees' Report|2-3| |Independent Examiners Report|4| |Statement of Financial Activities|5| |Balance Sheet|6| |Notes to the Accounts|7-9| **GEM 72** Page 1 ## **LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31ST DECEMBER 2024** |**Trustees**|| |---|---| |Rev Daniel Corcoran|Chair of Trustees| |Michael J Moore|Treasurer| |Canon Miranda Ford|Administrator| |Nicola Batey|| |Alicia Knights - Toomer|| |Lisa Nissen|| |Gordon Brown|| |Alison Reynolds BEM|| |**Charity Number**|1200064| |**Correspondence Address**|15 Preston Park| ||Faversham| ||Kent| ||ME13 8LH| |**Bankers**|National Westminster Bank plc| **GEM72** Page 2 **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024** The Trustees of the Charity present their annual report and accounts of the Charity for the year ended 31st December 2024. ## **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 who 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 converstation as we walk alongside many families on a daily basis. It alleviates the issues associated with accessing a centre -based Children's and Youth facilty. We are a Church of Engand 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** GEM72 have achieved so much over the past year, as our work has caringly grown in location and number. The GEM Mobile Trailer visits locations around the area during the week and many more locations on special occasions, holiday time and weekends, where we walk alongside hundreds of Children, Young People and their Families. The trailer has been out on the new estates, where we have welcomed many new residents in Faversham, who have received us with open arms. We also run the Faversham GEM 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 and sparkle and shine in the community. Over a hundred children and young people are celebrated, often recognising those under the radar, who are not usually “seen”. An event is held for these nominees and their families for over 200 people where awards are presented by a dignitary of the day… Dance performances 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 300. We are very grateful to Queen Elizabeth School for the use of their theatre for our performances Experience Easter and Christmas bring 100s of primary school children to our events where story telling in a novel way highlights these Christian times, with children in small groups allowing one to one conversation. **GEM 72** Page 3 ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **Plans for the Future** The first thing we need to do is to thank our funders, who have enabled us to continue growing and thus reach many more young people. As always, we will develop new ways of walking alongside our Young People and Families across Faversham, neighbouring villages and other areas around Kent. We are looking to develop counselling in all of our schools as one of these new areas. Next year there will be a wider outreach in more geographic locations and our number of visits will increase, this will be enabled by. - Our experienced and gifted team of leaders and volunteers - Purchasing another independent vehicle - Word of mouth from our wonderful young people and their families - Achieving great relationships with our funders and our community in the future ## **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 management** 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 20th May 2025 ……………………………………… 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 2024. ## **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 19th June 2025 ME13 7JP **GEM 72** Page 5 ## **RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2024** |**Unrestricted**
**Funds**
**2024**
**£**
**Charitable Receipts**
Hire of Trailer
843
Proceeds of GEM 72 Bus
-
**Voluntary Receipts:**
Grants
700
Donations
899
Singalong and Gem Awards
667
**Fundraising**
347
**Investment Income**
351
**Total Receipts**
3,807
**Payments**
**Payments on charitable activities**
7,990
**Total Payments**
7,990
**Excess of Receipts over Paymets**
(4,183)
**Transfer of Funds**
-
**Net movement in funds**
(4,183)
**Reconciliation of Funds**
**Total bank balances as at 31st December 2023**
17,000
**Total bank balances as at 31st December 2024**
12,817|**Designated**
**Fund**
**2024**
**£**
-
6576
-
-
-
-
6,576
-
-
6,576
-
6,576
-
6,576|**Restricted**
**Funds**
**2024**
**£**
-
-
29,600
-
-
-
-
29,600
1,250
1,250
29,600
-
29,600
1,250
30,850|**Total**
**Funds**
**2024**
**£**
843
6576
30,300
899
667
347
351
39,983
9,240
9,240
30,743
-
30,743
18,250
48,993|**Total**
**Funds**
**2023**
**£**
1,060
-
23,850
692
280
322
-| |---|---|---|---|---| |||||26,204| |||||18,624| |||||18,624| |||||7,580
-| |||||7,580
10,670| |||||18,250| **GEM 72** Page 6 ## **STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST DECEMBER 2024** |**MONETARY ASSETS**
NatWest Bank Current Account
NatWest Bank Business Reserve Account
**TOTAL MONETARY ASSETS**
**OTHER MONETARY ASSETS**
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|**Unrestricted**
**2024**
**£**
12,817
-
12,817
-
-
50
-
1,746
1,746
-
986
986|**Designated Restricted **
**2024**
**2024**
**£**
**£**
825
-
5,751
29,600
6,576
29,600
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**2024**
**£**
13,642
35,351
48,993
-
-
50
50
1,746
-
986
986|**Total**
**2023**
**£**
18,250
-| |---|---|---|---|---| |||||18,250| |||||6,576
460
50| |||||7,086| |||||1,746| |||||1,746| |||||200
111| |||||311| Signed on behalf of the Trustees on 20th May 2025 ………………………………. …………………………………. Dan Corcoran - Chair of Trustees M J Moore, FCA - Treasurer ## **Charity Registration number 1200064** **GEM 72 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024** Page 7 ## 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**|**Total**| |Grants|**2024**|**2024**|**2024**|**2023**| ||£|£|£|**£**| |**Local authorities**||||| |Kent County Council|-|2,000|2,000|500| |Swale Borough Council|700|-|700|1,100| |Faversham Town Council||4,000|4,000|-| |**Grant Funders**||||| |Benefact Trust|-|9,600|9,600|-| |Queenborough Fisheries|-|-|-|5,000| |Hilton Trafalgar Trust|-|-|-|1,000| |Personal Services Group|-|-|-|2,000| |The Edward Vinson 1957 Charity Settlement|-|5,000|5,000|2,000| |Whitehead Monckton Charitable Trust|-|1,000|1,000|1,250| |Kent Community Foundation|-|8,000|8,000|5,000| |Beerling Foundation|-|-|-|1,000| |Faversham Rotary Trust Fund|-|-|-|500| |Bensted Charity|-|-|-|4,000| |**Other Grants**||||| |Colin Sharp Estate|-|-|-|500| ||700|29,600|30,300|23,850| **GEM 72** Page 8 ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024** ## 5 **Charitable Expenditure** |**aritable Expenditure**||||| |---|---|---|---|---| ||**Unrestricted**|**Restricted**|**Total**|**Total**| ||**2024**|**2024**|**2024**|**2023**| ||£|£|£|**£**| |Bus Running costs|-|-|-|1,788| |GEM Awards|2,078|-|2,078|3,693| |GEM Trailer||||| |Storage|330|-|330|450| |Mileage and Parking|226|-|226|260| |Equipment|1,369|-|1,369|3,313| |Other costs|318|-|318|252| |Maintenance|784|-|784|4,299| |Refreshments|1,191|-|1,191|1,022| |Experience Christmas/Easter|105|-|105|151| |Singalong|2,243|-|2,243|2,106| |Wellbeing|-|-|-|398| |Support costs office expenses|596|-|596|892| ||9,240|-|9,240|18,624| ## 6 **Trustees Expenses** The Trustees received no remuneration during the period but two of the Trustees were reimbursed expense amounting to £270 during the period. ## 7 **Restricted and Designated Funds** |Restricted
GEM Awards
GEM Vehicle
Mobile and refreshments
Designated
GEM Vehicle
Unrestricted funds
Total Funds|**Incoming**
**01/01/2024**
**resources**

**£**
-
2,000
-
27,600
1,250
-|**Incoming**
**01/01/2024**
**resources**

**£**
-
2,000
-
27,600
1,250
-|**Outgoing**
**resources**
**£**
**-**
**-**
(1,250)|**Transfers**
**£**
-
-
-|**31/12/2024**
**£**
2,000
27,600
-| |---|---|---|---|---|---| ||1,250|29,600|-|-|29,600| ||-|6,576|-|-|6,576| ||-|6,576|-|-|6,576| ||17,000
18,250|3,807
39,983|(7,990)
(9,240)|-
-|12,817| ||||||48,993| ## **Restricted Funds** GEM Awards - a grant provided by a County Councillor as a contribution to GEM Awards cost in 2025 GEM Vehicle - various grants obtained to accquire a new vehicle Mobile and Refreshments - a contribution to the running costs of the GEM mobile **GEM 72** Page 9 **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **Designated Fund** 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 and raising funds for a new side opening Thames Style Van.. The Trustees have placed the proceeds of sale into a designated fund for the purpose of acquiring the new vehicle. ## **8 Charity Equipment** The Trailer is owned by the Rev Dan Corcoran and used by the Charity rent free but the charity does pay all overhead costs.