GEM 72

Registered charity 1200064 · accounts filings on the Charity Commission register

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.

Objects

(1) TO ADVANCE IN LIFE AND RELIEVE NEEDS OF YOUNG PEOPLE IN FAVERSHAM AND ACROSS KENT IN ACCORDANCE WITH CHRISTIAN PRINCIPLES THROUGH:(A) THE PROVISION OF RECREATIONAL AND LEISURE TIME ACTIVITIES PROVIDED IN THE INTEREST OF SOCIAL WELFARE, DESIGNED TO IMPROVE THEIR CONDITIONS OF LIFE;(B) PROVIDING SUPPORT AND ACTIVITIES WHICH DEVELOP THEIR SKILLS, CAPACITIES AND CAPABILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETY AS MATURE AND RESPONSIBLE INDIVIDUALS.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: General Charitable Purposes · Religious Activities · Economic/community Development/employment · Get email alerts

Latest income
£40k
Latest spending
£9k
Registered
2022
Accounts read
FY2024

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: six months expenditure (held: £49k)
“ideally to a minimum of six months expenditure”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Trailer is owned by the Rev Dan Corcoran and used by the Charity rent free but the charity does pay all overhead costs.
“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
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Kent · Medway

Income and spending

Financial year endIncomeSpending
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

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
QUEENBOROUGH FISHERY TRUSTFY2024£5k