GEM 72
Gem 72 provides a mobile provision for the Young People of Faversham and the surrounding area. It creates a natural sense of community and opportunities for open conversation without the issues associated with crossing the threshold into centre-based services, particularly during uncertain times.
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with total funds of £48,993, an increase from the previous year's £18,250. The trustees report that they are actively seeking new income sources to build reserves to a target of six months' expenditure. The independent examiner confirmed that no material matters were found that would cause concern regarding the accounts or accounting records.
What the accounts disclose
“ideally to a minimum of six months expenditure”
“The Trailer is owned by the Rev Dan Corcoran and used by the Charity rent free but the charity does pay all overhead costs.” — page 11
Trustees
- Rev Daniel Chad Corcoranchair
- Alison Margaret Reynolds BEM
- Gordon Brown
- MR MICHAEL JOHN MOORE
- Miranda Ford
- Nicola Kim Batey
- Rev Fungai Cathrine Ngangira
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £40k | £9k |
| 31/12/2023 | £26k | £19k |
Common questions
Is GEM 72 financially healthy?
Per its FY2024 accounts: The accounts state that the charity ended the year with total funds of £48,993, an increase from the previous year's £18,250. The trustees report that they are actively seeking new income sources to build reserves to a target of six months' expenditure. The independent examiner confirmed that no material matters were found that would cause concern regarding the accounts or accounting records. Its FY2024 accounts were independently examined.
Who funds GEM 72?
Funders whose own accounts filings name GEM 72 as a grant recipient include QUEENBOROUGH FISHERY TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| QUEENBOROUGH FISHERY TRUST | FY2024 | £5k |