## **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
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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**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
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**-**
**-**
**-**
**-**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
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**-**
**-**
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**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
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**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
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**-**
**-**
**-**
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**-**
**-**
**-**
**-**
**-**
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**-**
**-**|**Total funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
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**-**
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**-**
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**-**
**-**
**-**
**-**|**Last year**
**to the nearest £**| |---|---|---|---|---|---|---| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**-**|||||**-**| |||||||| |**A2 Asset and investment sales,**
**(see table).**||||||| ||**-**|||||| ||**-**|||||**-**| |**_Sub total_**|**-**|||||**-**| |**_Total receipts_ **
**A3 Payments**||||||| |||||||**-**| |||||||| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_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_**||||||| |||||||**-**| |||||||| ||**-**|**-**|**-**|**-**||**-**| ||**-**|**-**|**-**|**-**||**-**| ||**-**|**-**|**-**|**-**||**-**| ||**-**|**-**|**-**|**-**||**-**| ## **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)**|| |**B3 Investment assets**|||||**-**|||**-**| ||||||**-**|||**-**| ||||||**-**|||**-**| ||||||**-**|||**-**| ||||||**-**|||**-**| ||**Details**||**Fund to which**
**asset belongs**||**Cost (optional)**||**Current value**
**(optional)**|| |**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||Print|Name||||Date of
approval| ||||Gustav Kulle||||14|January 2025| ||||Chukwuka Okwunwanne||||14|January 2025| CCXX R2 accounts (SS) 2