HULT INTERNATIONAL BUSINESS SCHOOL LTD

Charity number: 1092321
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Higher education / student welfare/ housing

Income and expenditure

Data for financial year ending 31 July 2023

Total income:
£17,275,310

Text alternative for this canvas graphic is in the data table below.
Donations and legacies £450.00k
Charitable activities £16.83m
Other trading activities £0
Investments £0
Other £0

Total expenditure:
£16,447,885

Text alternative for this canvas graphic is in the data table below.
Raising funds £0
Charitable activities £16.45m
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 £16.45m
Retained for future use £827.43k

People

107 Employee(s)

12 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 7
£70k to £80k 6
£80k to £90k 5
£90k to £100k 2
£100k to £110k 2
£120k to £130k 2
£130k to £140k 2
£140k to £150k 3
£200k to £250k 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:
  • Children/young People
How the charity helps:
  • Makes Grants To Individuals
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 31 May 2002: Standard registration
Organisation type:
Charitable company
Other names:
  • HURON UNIVERSITY USA IN LONDON LIMITED (Previous name)
Company number:
03005603 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
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Serious incident reporting 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

12 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Christopher AHLBERG Chair 31 December 2022
None on record
DEMING CHEN Trustee 27 June 2023
KESWICK FOUNDATION LIMITED
Received: On time
Craig Douglas BURNS Trustee 31 December 2022
None on record
Philip Eric HULT Trustee 31 December 2022
None on record
Rebecca Lucy WALSH Trustee 31 December 2022
None on record
Christer Seved SERENHOV Trustee 31 December 2022
None on record
David John COLLIS Trustee 31 December 2022
None on record
James Lee SINTROS Trustee 31 December 2022
None on record
Matthew James Lilley Trustee 31 December 2022
None on record
Nicholas Charles BARBER Trustee 31 December 2022
None on record
Asa Elisabeth Staffansdotter RANGNE BLENDOW Trustee 31 December 2022
None on record
Christopher Michael JEDREY Trustee 31 December 2022
None on record

Financial history

" role="img"> Text alternative for this canvas graphic is in the data table below.

Financial period end date

Income / Expenditure 30/09/2019 30/09/2020 31/07/2021 31/07/2022 31/07/2023
Total gross income £39.88m £13.13m £11.46m £15.19m £17.28m
Total expenditure £22.19m £12.34m £10.81m £14.29m £16.45m
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 £1.00m £350.00k £250.00k £350.00k £450.00k
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £38.88m £12.78m £11.21m £14.84m £16.83m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £0 £0 £0 £0 £0
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £22.19m £12.34m £10.81m £14.29m £16.45m
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £0 £0 £0 £0 £0
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.

" role="img"> Text alternative for this canvas graphic is in the data table below.
Asset / Liability 30/09/2019 30/09/2020 31/07/2021 31/07/2022 31/07/2023
Own use assets £6.11m £6.58m £5.77m £5.66m £5.62m
Long-term investments £0 £0 £0 £0 £0
Other assets £1.50m £7.24m £6.12m £4.65m £5.97m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £19.36m £25.38m £22.80m £20.33m £20.77m

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 2023 20 May 2024 On Time
Accounts and TAR 31 July 2023 20 May 2024 On Time Download Open in new window
Annual return 31 July 2022 15 March 2023 On Time
Accounts and TAR 31 July 2022 15 March 2023 On Time Download Open in new window
Annual return 31 July 2021 03 March 2022 On Time
Accounts and TAR 31 July 2021 03 March 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
Annual return 30 September 2019 08 July 2020 On Time
Accounts and TAR 30 September 2019

(These accounts
have been qualified)

08 July 2020 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 INCORPORATED ON 21ST DECEMBER 1994 AS AMENDED BY SPECIAL RESOLUTION DATED 22 MAY 2002 AND CERTIFICATE OF INCORPORATION UPON CHANGE OF NAME DATED 23 JANUARY 2009 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 29/11/2007 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 23/01/2009 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 18/11/2014 as amended on 06 Dec 2022

Charitable objects

THE INSTITUTION HAS BEEN ESTABLISHED FOR THE OBJECT OF THE ADVANCEMENT OF THE EDUCATION OF THE PUBLIC BY THE PROVISION OF EDUCATIONAL COURSES SERVICES AND FACILITIES AT UNIVERSITY AND OTHER ADVANCED ACADEMIC LEVELS

Area of benefit

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

NOT DEFINED

Contact information

Address:
35 Commercial Road
London
E1 1LD
Phone:
02076365667
Email:
hultlondonfinance@hult.edu
Website:

www.hult.edu Open in new window