Trustees’ Annual Report for the period
From 1[st] April 2022 Period start date To 31[st] March 2023 Period end date
Charity name: Albion Business School
Charity registration number: 1195048
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The advancement of education for public benefit in business and entrepreneurship primarily, but not exclusively for students in developing regions of the world. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The charity aims to provide UK university degree level education. The first project was to be South Sudan starting in 2022, however due to the conflicts around the world ,prices and colleague security have reduced the scope of the charity. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have used the guidance on education for public benefit to ensure the charity meets the public benefit requirement. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference |
||
|---|---|---|
| Policy on grant making | Para 1.38 | |
| Policy on social investment including program related investment |
Para 1.38 | |
| Contribution made by volunteers |
Para 1.38 | The advisory board have provided networking and fundraising support. |
Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | In the first year of the charity, the establishment of a higher education degree, which is validated by a UK University has been most of the work. This required the design of the programme to ensure it meets UK higher education benchmarks in conjunction with ability to provide a resilience curriculum with the potential to be delivered across a wider range of physical environments. The degree was validated by a UK university in March 2022. The charity started funding raising for the delivery of the programmes in 2023 to secure resources to launch a degree qualification. |
Additional information (optional)
You may choose to include further statements where relevant about:
Achievements against objectives set |
Para 1.41 |
Due to conflicts around the world, the costs have increased fourfold and colleague security in these locations provides additional resources. |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | An advisory board has been developed to lead on fundraising via donations, events and direct connections. This group is developing a pipeline of opportunities which is taking longer than planned. |
| Investment performance against objectives |
Para 1.41 | N/A |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Over £500 has been raised during this period. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | At this point the charity has neither reserves nor a policy towards them. |
| Amount of reserves held | Para 1.22 | nil |
| Reasons for holding zero reserves |
Para 1.22 | The charity is developing a pipeline of funding opportunities. |
| Details of fund materially in deficit |
Para 1.24 | None |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | None |
Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising) |
Para 1.47 |
|
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution and Articles of Association |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | The charity requires a set of competencies to deliver impact and sustainably in its public benefit. The charity reviews the skills, knowledge and experience of the applicant based on the Trustee role and current trustee’s to meet its needs. |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees |
Para 1.51 |
|
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | Albion Business School |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1195048 |
| Charity’s principal address | School Lodge, Wilson Road, Hartlebury, Worcs, DY11 7XU |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| David Bozward | ||||
| Matthew Rogers- Draycott |
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| Deepak Pathak | 8thSeptember 2021 | |||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity
Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s)
Full name(s) David Bozward
Position (eg Secretary, Chair Chair, etc)
Date 20/03/2023
Albion Business School No (if any) Receipts and payments accounts CC16a For the period 7/5/2021 3/31/2022 To from
Section A Receipts and payments
| Section A Receipts and payments | ||||
|---|---|---|---|---|
| A1 Receipts 547 - - - - - - - 547 - - Sub total - Total receipts 547 A3 Payments - - - - - - - - - Sub total - - - Sub total - Total payments - Net of receipts/(payments) 547 A5 Transfers between funds - A6 Cash funds last year end - Cash funds this year end 547 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table) |
to the nearest £ Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ |
Last year to the nearest £ |
| - - - - - - - - - |
- - - - - - - - - |
547 - - - - - - - 547 |
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| - | - | 547 | - | |
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547 - - 547 |
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Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details Details Details Details Details Signature Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ to nearest £ 547 - - - - - 547 - OK OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name David Bozward Matthew Rogers-Draycott Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional) |
to nearest £ Endowment funds |
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| OK | |||
| to nearest £ Endowment funds |
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| Current value (optional) |
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| When due (optional) |
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| Date of approval |
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| David Bozward | 12/30/2022 | ||
| Matthew Rogers-Draycott | 12/30/2022 |