Trustees’ Annual Report for the period
From 21/09/2023 Period start date To 31/03/2024 Period end date Charity name: The Infinity Branch CIO
Charity registration number: 1204855
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The Objects for which the charity is established are for the benefit of the public in such ways as are exclusively charitable according to English law, in particular, to advance education by funding the building, developing and operating of schools for primary education for young people living in Nigeria. Nothing in this constitution shall authorise an application of the property of the CIO for the purposes which are not charitable in accordance with section 7 of the Charities and Trustee Investment (Scotland) Act 2005 and section 2 of the Charities Act (Northern Ireland) 2008. |
| 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 was just set up in late 2023 and a bank account has been obtained during 2024. Other than that, there has been no general activity for the charity in period leading up to 31 March 2024. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The charity has been setup to offer grant(s) for the primary school building and operations in Nigeria, targeting young pupil in an economically challenged area. There are no other activities associated with the charity. |
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 charity was just registered in late 2023, hence there has been very limited activity up until 31 March 2024. A bank relationship, with a current account has been established, to enable funding in the subsequent financial year. |
|---|---|---|
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | There were no financial transactions during the period |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The charity intends to hold 3 months’ worth of operating costs as unrestricted funds |
| Amount of reserves held | Para 1.22 | £0 |
| Reasons for holding zero reserves |
Para 1.22 | Charity had not received funds at end of period. |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | the trustees estimate that the charity is a going concern for 12 months after the date of signing. |
Structure, Governance and Management
| Description of charity’s trusts: |
n/a | |
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 |
|
| How is the charity constituted? |
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 trustees where selected on the basis of competence relating to the charitable objective at hand. Gustav Kulle has experience in leadership, fund raising and project management. Chukwuka Okwunwanne, has project management experience and local |
knowledge of the Nigerian community targeted. Charlotte Osterman, is a sustainable economics graduate with multiple years of experience in social impact.
Reference and Administrative details
| Charity name | The Infinity Branch CIO |
|---|---|
| Other name the charity uses | n/a |
| Registered charity number | 1204855 |
| Charity’s principal address | 49 Arthaus Apartments 205 Richmond Road London E8 3FF |
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 period |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Gustav Kulle | Chair | |||
| Charlotte Österman | Trustee | |||
| Chukwuka Okwunwanne | Trustee | |||
– Corporate trustees names of the directors at the date the report was approved
Director name Gustav Kulle Charlotte Osterman Chukwuka Okwunwanne
Name of trustees holding title to property belonging to the charity – n/a
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
Exemptions from disclosure
Reason for non-disclosure of key personnel details
n/a
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) Gustav Kulle Position (eg Secretary, Chair, etc) Chair Date 14 January 2025
Charity name No (if any) The Infinity Branch CIO 1204855 Receipts and payments accounts CC16a For the period Period start date Period end date To from 21/09/2023 31/03/2024
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Last year to the nearest £ |
|---|---|---|---|---|---|---|
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
- | - | ||||
| A2 Asset and investment sales, (see table). |
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| - | ||||||
| - | - | |||||
| Sub total | - | - | ||||
| Total receipts A3 Payments |
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| - | ||||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | - | - | ||||
| A4 Asset and investment purchases, (see table) |
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| - | ||||||
| - | ||||||
| **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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| - | ||||||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds CCXX R1 accounts (SS) |
Details 1 |
Unrestricted funds to nearest £ - - |
Restricted funds to nearest £ - - |
Endowment funds to nearest £ |
|---|---|---|---|---|
| - | - | - | ||
| 1 | - | - | - |
| - | - | - | ||||||
|---|---|---|---|---|---|---|---|---|
| Total cash funds | - | - | - | |||||
| (agree balances with receipts and payments | ||||||||
| account(s)) | OK | OK | OK | |||||
| Unrestricted | Restricted | Endowment | ||||||
| funds | funds | funds | ||||||
| Details | to nearest £ | to nearest £ | to nearest £ | |||||
| B2 Other monetary assets | - | - | - | |||||
| - | - | - | ||||||
| - | - | - | ||||||
| - | - | - | ||||||
| - | - | - | ||||||
| - | - | - | ||||||
| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
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| B3 Investment assets | - | - | ||||||
| - | - | |||||||
| - | - | |||||||
| - | - | |||||||
| - | - | |||||||
| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
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| B4 Assets retained for the | - | - | ||||||
| charity’s own use | - | - | ||||||
| - | - | |||||||
| - | - | |||||||
| - | - | |||||||
| - | - | |||||||
| - | - | |||||||
| - | - | |||||||
| - | - | |||||||
| Fund to which | Amount due | When due | ||||||
| Details | liability relates | (optional) | (optional) | |||||
| B5 Liabilities | - | |||||||
| - | ||||||||
| - | ||||||||
| - | ||||||||
| - | ||||||||
| Signed by one or two trustees on behalf of all the trustees |
Signature | Name | Date of approval |
|||||
| Gustav Kulle | 14 | January 2025 | ||||||
| Chukwuka Okwunwanne | 14 | January 2025 |
CCXX R2 accounts (SS)
2