THE EXPERIENCE BANK Charity Number: 1209585 Trustees’ Annual Report and Accounts For the Year Ended 31 March 2025
Trustees’ Annual Report
A. Reference and Administration Details
Charity name: The Experience Bank Charity number: 1209585 Principal address: 25 Bury Street, London, SW1Y 6AL Reporting period: 1 April 2024 – 31 March 2025
Trustees during the reporting period:
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Beth Kuti (Chair)
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Olukayode Kuti
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Eve Bound
B. Structure, Governance and Management
The Experience Bank is a Charitable Incorporated Organisation (CIO). Trustees are appointed under the terms of the constitution. No staff or volunteers were active during the year.
C. Objectives and Activities
Charitable Objects
The objects for which the CIO is established are to provide relief amongst children and young people (up to the age of 25 years old) seeking asylum and those granted refugee status who have been the victim of human trafficking, modern slavery or exploitation, including unaccompanied asylum-seeking children (UASCs) who have been separated from their parents or carers.
Activities in the Reporting Period
The Experience Bank had not begun delivering charitable activities during this financial year. The trustees focused on establishing governance, setting up operations, and early planning for services.
D. Public Benefit Statement
The trustees confirm they have complied with their duty under section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s public benefit guidance.
Although the charity has not yet begun operating, the planned work will clearly provide public benefit through supporting highly vulnerable young people, through the provision of gifted experience donations.
E. Achievements and Performance
No delivery activity or fundraising occurred during the year.
Progress included governance preparation, initial service design, and planning partnership models.
F. Financial Review
The charity had:
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Total income: £0
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Total expenditure: £0
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Year-end balance: £0
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Assets: none
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Liabilities: none
G. Reserves Policy
As no funds were held, the charity currently has no reserves. A policy will be developed once income is received.
H. Future Plans
Plans for the next year include:
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Beginning outreach and support for young asylum seekers and refugees
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Applying for grants and donations
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Developing partnerships with support organisations
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Recruiting volunteers and establishing safeguarding processes
I. Statement of Trustees’ Responsibilities
The trustees are responsible for preparing this report and the financial statements in accordance with the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008.
Accounts
Receipts & Payments Account for the Year Ended 31 March 2025
Receipts £ Donations 0 Grants 0 Other income 0 Total receipts 0
Payments £ Charitable activities 0 Governance costs 0 Other payments 0 Total payments 0
Net movement in funds: £0 Cash at start of year: £0 Cash at end of year: £0
Statement of Assets and Liabilities at 31 March 2025
Assets:
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Cash at bank: £0
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Other assets: £0
Liabilities:
- None
Approval of Report and Accounts
Approved by the Board of Trustees on 2nd December 2026 .
Signed on behalf of the trustees: Beth Kuti Chair of Trustees (Signature)