COLCHESTER KORBAN PROJECT
Providing young people aged 16-25 with a home and support to overcome homelessness in Colchester. Helping them realise their potential and thrive, by providing accommodation, resources, holistic support and guidance enabling them to develop the character, skills and confidence to live independently.
Objects
TO RELIEVE SICKNESS AND FINANCIAL HARDSHIP AND TO PROMOTE AND PRESERVE GOOD HEALTH BY THE PROVISION OF FUNDS, GOODS OR SERVICES OF ANY KIND, INCLUDING THROUGH THE PROVISION OF EMERGENCY AND LONG-TERM ACCOMMODATION, COUNSELLING AND SUPPORT IN COLCHESTER ESSEX AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES FROM TIME TO TIME MAY THINK FIT AND TO FULFIL SUCH OTHER PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AND ARE CONNECTED WITH THE CHARITABLE WORK OF THE CHARITY.
Financial health, per its FY2025 accounts
The accounts state that total net assets decreased slightly from £339,603 to £339,002, with unrestricted general funds rising to £304,640. The charity holds a designated contingency fund of £22,000, which the trustees note allows for continued operation for three months in case of difficulty. No material uncertainties affecting going concern were identified in the independent examiner's report.
What the accounts disclose
“The designated funds represent a contingency fund should the Charity cease activities or during a period of unseen difficulty, the charity could continue operating for a period of 3 months (full reserves policy and rationale re calculations are available).” — page 18
Policies the charity declares
- 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
- Paying staff
- 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
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/08/2025
- Volunteers: 10
Self-declared on the annual return for the financial year ending 31/08/2024
- Volunteers: 10
Self-declared on the annual return for the financial year ending 31/08/2023
- Volunteers: 10
Property (HM Land Registry)
Trustees
- Nicola Sirettchair
- Rev ANTHONY COLIN BUSHELL
- Richard Anthony Spencer Mr
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £137k | £138k |
| 31/08/2024 | £136k | £127k |
| 31/08/2023 | £109k | £131k |
| 31/08/2022 | £96k | £125k |
| 31/08/2021 | £145k | £89k |
Common questions
Is COLCHESTER KORBAN PROJECT financially healthy?
Per its FY2025 accounts: The accounts state that total net assets decreased slightly from £339,603 to £339,002, with unrestricted general funds rising to £304,640. The charity holds a designated contingency fund of £22,000, which the trustees note allows for continued operation for three months in case of difficulty. No material uncertainties affecting going concern were identified in the independent examiner's report. Its FY2025 accounts were independently examined.
Who funds COLCHESTER KORBAN PROJECT?
Funders whose own accounts filings name COLCHESTER KORBAN PROJECT as a grant recipient include The Leathersellers' Foundation, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LEONARD'S, LEXDEN, KINGSLAND CHURCH COLCHESTER, THE COLCHESTER AND TENDRING COMMUNITY TRUST, THE TUDWICK FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| The Leathersellers' Foundation | FY2024 | £12k | Personal Giving Appeal |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LEONARD'S, LEXDEN | FY2023 | £11k | Fundraising for charities |
| KINGSLAND CHURCH COLCHESTER | FY2024 | £9k | |
| THE COLCHESTER AND TENDRING COMMUNITY TRUST | FY2024 | £8k | |
| KINGSLAND CHURCH COLCHESTER | FY2023 | £4k | |
| KINGSLAND CHURCH COLCHESTER | FY2022 | £2k | |
| KINGSLAND CHURCH COLCHESTER | FY2025 | £500 | |
| THE TUDWICK FOUNDATION | FY2023 | £120 | |
| KINGSLAND CHURCH COLCHESTER | FY2021 | amount not stated | |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LEONARD'S, LEXDEN | FY2025 | amount not stated | Fundraising for external charities (part of ~£4,650 total) |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 04/07/2024 | £167k | Supported housing for young homeless people |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| FRANCIS C SCOTT CHARITABLE TRUST | 1 | £105k |
| THE ALAN EDWARD HIGGS CHARITY | 1 | £30k |
| THE NATIONAL FOUNDATION FOR YOUTH MUSIC | 1 | £28k |
| THE HADFIELD CHARITABLE TRUST | 1 | £15k |
| COUNTY OF GLOUCESTERSHIRE COMMUNITY FOUNDATION | 1 | £10k |
| THE YAPP CHARITABLE TRUST | 1 | £9k |
| JOHNNIE JOHNSON TRUST | 1 | £8k |
| WATES FAMILY ENTERPRISE TRUST | 1 | £5k |
Charities like this
- BARDSLEY YOUTH PROJECT
- COLCHESTER FOODBANK
- COLCHESTER CHILDREN'S CHARITY APPEAL
- COLNE YOUTH ACTION GROUP
- COLCHESTER ISLAMIC CULTURAL ASSOCIATION
- CARLISLE KEY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| COLCHESTER KORBAN PROJECT | £137k | — | 0 | above | — | no doubt |
| BARDSLEY YOUTH PROJECT | £162k | — | 0 | unclear | — | no doubt |
| COLCHESTER FOODBANK | £323k | — | 0 | unclear | — | no doubt |
| COLCHESTER CHILDREN'S CHARITY APPEAL | £70k | — | 0 | unclear | — | no doubt |
| COLNE YOUTH ACTION GROUP | £215k | — | 0 | unclear | — | no doubt |
| COLCHESTER ISLAMIC CULTURAL ASSOCIATION | £180k | — | 0 | unclear | — | no doubt |