OPEN COLLEGE NETWORK LONDON REGION

Charity Number: 1034750
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Supports learning and widening participation through offering qualifications and accreditation for courses for adults and young people.

Income and expenditure

Data for financial year ending 31 July 2024

Total income:
£1,940,291

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Donations and legacies £0
Charitable activities £1.87m
Other trading activities £0
Investments £2.38k
Other £70.96k

Total expenditure:
£1,938,255

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Raising funds £0
Charitable activities £1.94m
Other £0

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £0
Charitable expenditure £1.94m
Retained for future use £2.04k

People

25 Employee(s)

10 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1
£90k to £100k 1

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
Who the charity helps:
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Provides Services
Where the charity operates:
  • Throughout England

Governance

Registration history:
  • 10 March 1994: Standard registration
Organisation type:
Charitable company
Other names:
  • OCNLR (Working name)
  • LONDON OPEN COLLEGE FEDERATION (Previous name)
  • LONDON OPEN COLLEGE NETWORK (Previous name)
  • OPEN COLLEGE NETWORK LONDON REGION (Previous name)
Company number:
02876147 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

10 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Kurt Stefan Hintz Chair 08 December 2022
None on record
Ann-Marie Soyinka Trustee 13 February 2024
FAITH IN JESUS MINISTRY
Received: On time
Charles Louis Tennant Trustee 13 February 2024
None on record
Alison May Trustee 13 February 2024
None on record
Kate Elizabeth Holt Trustee 08 December 2022
None on record
Varinder Paul Singh Ghuman Trustee 08 December 2022
HARROW CARERS
Received: On time
Natalie Mai Garner Trustee 08 December 2022
None on record
James Jonathan Stockdale Trustee 08 December 2022
None on record
Julie Frances Farmer Trustee 17 January 2017
None on record
Lucy Ann Arnold-Courtney Trustee 17 January 2017
None on record

Financial history

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Financial period end date

Income / Expenditure 30/09/2020 30/09/2021 30/09/2022 31/07/2023 31/07/2024
Total gross income £1.45m £1.66m £1.85m £1.75m £1.94m
Total expenditure £1.40m £1.47m £1.70m £1.68m £1.94m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £0 £0 £0 £0 £0
Income - Other trading activities £41.22k £9.46k £8.25k £23.18k £0
Income - Charitable activities £1.40m £1.65m £1.84m £1.72m £1.87m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £2.90k £704 £421 £1.89k £2.38k
Income - Other £0 £0 £0 £0 £70.96k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £1.40m £1.47m £1.70m £1.68m £1.94m
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £0 £35.62k £40.89k £39.05k £31.95k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 30/09/2020 30/09/2021 30/09/2022 31/07/2023 31/07/2024
Own use assets £38.05k £22.14k £23.78k £167.08k £176.60k
Long-term investments £0 £0 £0 £0 £0
Other assets £770.65k £1.01m £1.17m £1.08m £968.88k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £301.16k £334.91k £352.47k £334.69k £235.14k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 July 2024 25 March 2025 On Time
Accounts and TAR 31 July 2024 25 March 2025 On Time Download Open in new window
Annual return 31 July 2023 15 May 2024 On Time
Accounts and TAR 31 July 2023 15 May 2024 On Time Download Open in new window
Annual return 30 September 2022 21 February 2023 On Time
Accounts and TAR 30 September 2022 21 February 2023 On Time Download Open in new window
Annual return 30 September 2021 27 June 2022 On Time
Accounts and TAR 30 September 2021 27 June 2022 On Time Download Open in new window
Annual return 30 September 2020 19 July 2021 On Time
Accounts and TAR 30 September 2020 19 July 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION AMENDED 13 JANUARY 1994 AND AMENDED ON 26TH FEBRUARY 1998. as amended on 20 Mar 2023

Charitable objects

The Objects of the Charity are the advancement of the education of the public in one or more of the following ways (a) by promoting lifelong learning, increasing social inclusion through educational advancement and widening participation in education and training, particularly by those persons who have previously been excluded from or had limited access to educational opportunities; (b) by improving the quality and flexibility of education provision for the public benefit; (c) by improving access to learning opportunities and facilitating progression to further learning, employment and higher education particularly through the award of credits and credit-based qualifications; (d) by operating as an Access Validating Agency for the Quality Assurance Agency for Higher Education or the appropriate agency acting on behalf of the Department for Education or its successor; (e) by operating as an Ofqual-approved awarding organisation and complying with the regulatory requirements for the development, delivery and assessment of national qualifications; (f) by operating with full commitment to the distinctive mission of Access to Higher Education by widening participation and recognising the achievements of young people and adults through high quality, responsive and flexible accreditation; (g) by approving Access to Higher Education courses and awarding Quality Assurance Agency-recognised Access to Higher Education certificates to students; (h) by encouraging and assisting organisations to provide a wider range of accredited and quality assured learning opportunities; (i) by operating as a proactive, innovative and responsive organisation with respect to curriculum development; (j) by supporting public policy agendas for raising educational standards, improving levels of achievement, widening participation and promoting new opportunities for community involvement; (k) by providing a personalised quality assured service to users that is cost efficient and takes account of competition from other awarding organisations; (l) by providing a network with expertise and intelligence of the external environment within which the Charity operates in order to provide staff development, information, guidance and networking to stakeholder organisations in all sectors; and (m) by operating a high quality, efficient organisation with a commitment to continuous improvement offering all aspects of the service within a quality assured and transparent framework.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED, BUT IN PRACTICE, LONDON

Contact information

Address:
24 Angel Gate
326 City Road
London
EC1V 2PT
Phone:
020 7278 5511
Email:
enquiries@ocnlondon.org.uk
Website:

www.ocnlondon.org.uk Open in new window