Trustees’ Annual Report for the period
From 21/03/2023 Period start date To 31/03/2024 Period end date
Charity name: AUDIOM PROJECT
Charity registration number: 1202434
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The Audiom Project is dedicated to supporting students studying in the field of audiology in either a technological or healthcare setting. We aim to support students in need of financial aid to achieve their goals by providing small to medium sized grants. Our goal is to help advance innovation in the audiology industry, and inspire the next generation of healthcare professionals |
| 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 |
During the year, The Audiom Project liaised with students to understand their needs and the challenges they face in accessing financial and professional support. This feedback helped us refine our grant application process to better align with their requirements and ensure our support has the greatest impact, to improve accessibility, we collaborated with a website developer to start working our online platform. The website once launched will feature an interactive grant application process and additional resources to guide students in their journey. These efforts reflect our ongoing commitment to empowering the next generation of audiology professionals and fostering innovation in the field. |
| 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 regard to the guidance issued by the Charity Commission in regard to public benefit and clearly our work in building the foundation to support students pursuing careers in audiology demonstrates this. We have not yet made any grants in this period, our efforts have focused on understanding students’ needs, developing accessible application processes, and creating the infrastructure necessary to ensure future support is impactful and aligned with our charitable aims. |
Additional information (optional) You may choose to include further statements where relevant about: SORP reference
SORP reference Grants will be awarded to students studying Para 1.38 at university full time or part time in the field Policy on grant making of audiology in either a technological or healthcare setting Small grants to individual students under the age of 25: £125 - £250. Medium sized grants for individual students (any age in university) seeking support to further technology improvements (R&D) is made on a case-bycase basis based on its merits. All grants awarded will be based on a documented due diligence process, with clear parameters, a defined procedure, and specific time frames. We do not have a specific policy on social investment. Para 1.38 Policy on social investment including program related investment The organisation is primarily voluntary effort. Para 1.38 Contribution made by volunteers 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 | The Audiom Project has laid the groundwork to support students pursuing careers in audiology, focusing on removing financial barriers and fostering innovation in the field. By engaging directly with students to understand their needs and enhancing our online platform to improve accessibility, we have created a strong foundation for future grant distribution. These steps aim to empower students in need, helping them achieve their career aspirations and ultimately advancing the field of audiology. We believe our work will contribute to the development of skilled professionals who will make significant contributions to hearing healthcare, benefiting society as a whole |
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set |
Para 1.41 |
|
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | During this period, The Audiom Project had limited resources to actively attract donors. As a result, we have NIL income for this period. Our focus during this time has been on understanding the needs of students and working closely with a website developer to create an accessible and user-friendly online platform. This platform will serve as the primary means for students to apply for grants and access resources. These preparatory efforts are essential to ensuring the success of our future activities and the effective delivery of support to our beneficiaries. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | No reserves held |
| Amount of reserves held | Para 1.22 | Nil |
| Reasons for holding zero reserves |
Para 1.22 | The charity holds zero reserves as roles are filled by unpaid volunteers, and we incur no fixed costs such as rent or utilities, with all operations conducted virtually. |
| 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 | There are no significant uncertainties regarding the charity's ability to continue as a going concern. Audiom Project operates with unpaid volunteers, and as we have no paid staff or fixed overhead costs, such as rent or utilities, our operations are highly flexible and cost-effective. This ensures that the charity can continue its work even with limited financial resources, as we are able to adapt to circumstances and focus on the long-term development of our programs. |
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 | The Governing Document is from the model Community Interest Organisation document advised by the commission. |
| 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 | Not needed as of yet. |
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 | AUDIOM PROJECT |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1202434 |
| Charity’s principal address | 44 Harpur Street BEDFORD MK40 2QT |
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) |
|---|---|---|---|---|
| AEKTA PATEL | ||||
| SHIVANI RAJANI | ||||
| INDIRA POPAT | ||||
– 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 None held in this capacity
Name and objects of the None charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for None 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) AEKTA PATEL
Position (eg Secretary, CHAIR Chair, etc) Date 21/01/2025
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AUDIOM PROJECT 1202434
Receipts and payments accounts CC16a
For the period Period start date Period end
To
from 21/03/2023 31/03/2024
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
Grants - - - - -
Donations - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
AR) - - - - -
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total [ - ] - - - -
Total receipts - - - - -
A3 Payments
Bank Charges - - - - -
Project Fees - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total - - - - -
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total - - - - -
Total payments - - - - -
Net of receipts/(payments) - - - - -
A5 Transfers between funds - - - - -
A6 Cash funds last year end - - - - -
Cash funds this year end - - - - -
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CCXX R1 accounts (SS)
21/01/2025
1
| Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | |
|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B4 Assets retained for the charity’s own use B3 Investment assets B2 Other monetary assets B1 Cash funds |
Signature Details Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Details Bank |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Aeka Patel |
Endowment funds to nearest £ - - - |
| - | |||
| OK | |||
| Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval 01/04/2025 |
CCXX R2 accounts (SS)
21/01/2025
2