URBAN MBA

Registered charity 1166339 · accounts filings on the Charity Commission register

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.

Objects

THE RELIEF OF UNEMPLOYMENT FOR PEOPLE AGED BETWEEN 19 ? 25 IN HACKNEY AND EAST LONDON, IN PARTICULAR BUT NOT EXCLUSIVELY BY THE PROVISION OF ASSISTANCE TO FIND EMPLOYMENTTO ADVANCE THE EDUCATION AND LIFE OPPORTUNITIES OF YOUNG PEOPLE AGED 7-25 FROM DISADVANTAGED BACKGROUNDS IN HACKNEY, GREATER LONDON AND ON A NATIONAL SCALE THROUGH INNOVATIVE TECHNOLOGY-BASED LEARNING PROGRAMMES, CREATIVE INITIATIVES, AND ENTREPRENEURSHIP SUPPORT.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · The Prevention Or Relief Of Poverty · Economic/community Development/employment · website · Get email alerts

Latest income

£82k

Latest spending

£146k

Registered

2016

Accounts read

FY2025

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy

“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

Per its FY2025 accounts as filed with the Charity Commission.

Going concern: noted by the trustees or auditor

“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

Per its FY2025 accounts as filed with the Charity Commission.

Governance: The independent examiner reported a previously unaccounted liability for a bounceback loan.

“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

Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Engaging external speakers at charity events policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds 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
Trustee expenses policy and procedures
Volunteer management

Trustees · trustee networks

SHEROMIE BREWSTERchair
Bernie Mitchell
FRANCES SEALEY
Fahmida Begum
JERTON LAGRANHA JUNIOR

Trustee list from the Charity Commission register (current, not historical).

Operates in: Hackney · Haringey · Islington · Newham · Southwark · Tower Hamlets

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

Grants to this charity found in funders’ own accounts filings.

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

Grants to this charity published as open data by government and lottery funders (360Giving).

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