Download - SIFE Annual Report 2011-2012
122 lives impacted
106 schoolchildreninspired
1 establishedbusinessman
1 homelessman transformed
14 orphansempowered
Building better futures,brick by brick
Annual Report2011 - 2012
+ First ever student group toestablish a commercial partnership with our student union
+ Negotiated 50-50 profit andinvestment split, with seniority on profiton profit
+ 2 limited edition designs, 36t-shirts sold in under 30 days, expected profit of £700.
+Self generated income:18% last year, 63% this year
+Established 2 commercial projects:Trash 2 Treasure and BSc
+Reduced reliance on grants andone off fundraisers
+Established dedicated financial +Established dedicated financial teams for each project
Finances
BSc + Student designed, limited edition t-shirts+ Merchandise is sold through the University shop+ Primarily targeting an undergraduate audience
When you’ve been educated in a particular city like Birmingham it is important that you try and give back opportunities that have been given to you. The University of Birmingham is responsible for building our futures. Now brick by brick, we are helping others to build their own.
Self-generated income:£2426.24
Institutional support:£438.50
BAB grants:£450.00
Enterprise Academy empowers11-16 year olds in schoolswithin underprivileged areasof Birmingham
SIFE members deliver business workshops tostudents who go on tocreate their own micro-businesses
The aim is to equip students with the confidence and motivation to continue withfurther education or considerstarting their own business
Results:+ £200 profit made from community openday, empowered 108 students since 2011+ Project expanded to 4 schools with themed teachingsessions, including scope for teachers to run sessions.
Sustainability:+ Ability to expand the model to more schools easily+ Students horizons are broadened - higher educationor pursuing a business careers are possibilities for them
Empowerment:+ Students develop money-making skills that will benefitthem economically
Entrepreneurial approach:+ Teaching focussed around Apprentice-style challenges+ Students took part in real world business excercises
Business and economic concepts:+Themed teaching sessions cover business conceptssuch as product design, pricing, sales and branding
Needs:+ The inner city youth in Birmingham lack job prospects+ Birmingham’s youth have underdeveloped soft skillsincluding communication, teamwork and leadership
Enterprise Academy
Impact:+ Students have more opportunities available due to their range of transferable skills. + Students have experienced to expand their CV’s
100school childreninspired
We empowered Bulgarian orphans through interactive workshops. We launched a soap making enterprise which allows the orphans control over their own busi-ness. So far we have fulfilled two orders totalling 350 bars of soap. Production will be 200 bars per month
Breaking the Circle tackles the vicious circle of childabandonment in Bulgaria. By providing support and transferring knowledge to Bulgarian orphans we can break the circle that prevents them from living a sustainable, independent future
Breaking the CircleBreaking the Circle
Needs:+ 10,000 children are left in orphanages each year+ They often resort to crime and prostitution to survive
Entrepreneurial approach:+ Developing key transferable skills+ Using eco-friendly ingredients
Empowerment:+ Orphans are given employability sessions and learnbasic, as well as technical, business skills for their CV’s
Impact:+ Elimination of social exclusion+ Commercial awareness and enhanced employability+ Environmental knowledge and business experience
Sustainability:+ Project integrated in to the shelter house package+ Close supervision from the NGO+ Development of strong business networks
Results:+ Initial profit of £350+ Directly impacted and improved 14 orphans+ Successfully fulfilled 2 soap orders
Business and economic concepts:+ 50% of the orphans have found jobs since 2011+ The soap making business increases their income
14orphansinspired