**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:** 

- Beth Kuti (Chair) 

- Olukayode Kuti 

- 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: 

- **Total income:** £0 

- **Total expenditure:** £0 

- **Year-end balance:** £0 

- **Assets:** none 

- **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: 

- Beginning outreach and support for young asylum seekers and refugees 

- Applying for grants and donations 

- Developing partnerships with support organisations 



- 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:** 

- Cash at bank: £0 

- 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)