URBAN MBA
Our mission is to reach out to these young adults who do not have the required experience or knowledge, and help them transform into successful entrepreneurs. Our vision is to create a world where no young person is lost or left aside.
Financial health, per its FY2025 accounts
The accounts state that the charity's unrestricted funds are in a deficit of £104,990, resulting in total net assets of only £6,019. The trustees note that going concern is dependent on uncertain future funding streams, including grant aid and voluntary donations. Despite this, the examiner confirmed no other material matters were found aside from the correction of a prior year loan liability.
What the accounts disclose
“These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.” — page 19
“The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams.” — page 10
“Durring my investigation I came across a liability for a bouncebank loan for £50,000. This was taken out in 2020 and due to an error was not accounted for” — page 3
Trustees
- SHEROMIE BREWSTERchair
- Bernie Mitchell
- FRANCES SEALEY
- Fahmida Begum
- JERTON LAGRANHA JUNIOR
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £82k | £146k |
| 31/03/2024 | £98k | £83k |
| 31/03/2023 | £118k | £144k |
| 31/03/2022 | £156k | £112k |
| 31/03/2021 | £111k | £76k |
Common questions
Is URBAN MBA financially healthy?
Per its FY2025 accounts: The accounts state that the charity's unrestricted funds are in a deficit of £104,990, resulting in total net assets of only £6,019. The trustees note that going concern is dependent on uncertain future funding streams, including grant aid and voluntary donations. Despite this, the examiner confirmed no other material matters were found aside from the correction of a prior year loan liability. Its FY2025 accounts were independently examined.
Who funds URBAN MBA?
Funders whose own accounts filings name URBAN MBA as a grant recipient include The Merchant Taylors' Foundation, THE FUNDING NETWORK.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| The Merchant Taylors' Foundation | FY2022 | £10k | Small Grants Scheme |
| THE FUNDING NETWORK | FY2023 | £6k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 02/06/2020 | £3k | VSCE CMC Fund |
| London Borough of Hackney | 10/12/2019 | £5k | Grant to Urban MBA |
| Hackney Council | 10/12/2019 | £5k | Grant to Urban MBA |