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## IntoUni
(A company limited by guarantee)
Working Name **Into** University
## REPORT AND FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 AUGUST 2024
Company number: 06019150 Charity number (England and Wales): 1118525 Charity number (Scotland): SCO49776
**1**
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## **Letter from the Chair**
_**“Into** University has made the world of difference to my son’s self-belief in his academic capability, which has led to him experiencing more success and achievement in school. Coming to_ _**Into** University, and the connections he's made with the staff here, has boosted his self-confidence, which he can often struggle with, particularly because he is neurodivergent and can find it difficult to join groups with new people. The team is great at building relationships with the children and getting on their level, making learning fun by being friendly, approachable and modelling a calm, can-do approach to solving problems. The environment is relaxed and nurturing, while also being safe._
_The feedback I receive from the staff is really helpful, frequent and personable. It’s clear they know my son very well and they know his strengths and challenges to help him to make progress continuously. I would most definitely recommend_ _**Into** University to other people, mainly because the support they offer is first-class, individualised academically and pastorally. They use a holistic approach which helps children to learn and overcome barriers.”_
## _Parent of an Academic Support student,_ _**Into** University Oxford South East_
It has been a busy and productive year as we continue to work towards our growth plan target of 50 centres. Centres in Bridlington and Grimsby were set up in Spring 2024 in preparation for full launch of the programme in the Autumn; both are collaborations with the University of Hull and the University of York. Two further centres were opened in Autumn 2024: a centre in Birmingham East in partnership with University College, Birmingham and the University of Warwick; and a centre in Middlesbrough in partnership with King’s College, Cambridge. The opening of all of these centres means that, as of Autumn 2024, the charity is operating 44 centres and extension projects.
Throughout the 2023/24 academic year, we enjoyed celebrating ‘Little Moments, Big Impact’, taking the chance to shine a light on some of the little moments that take place every day at our centres and which can make a world of difference to the young people we support. The ten-yearold at Academic Support who is elated at a breakthrough in mastering fractions; the teenage mentee who practised a speech with a committed university student mentor and gained a muchneeded confidence boost in public speaking; the one-to-one personal statement session with an Education Worker where a Year 13 student came away feeling prepared for their university application.
Little moments such as these could not happen without the continued generosity of our funders:. We are deeply grateful to our wider community of funders and partners for their support - from trusts and foundations, companies, individual donors and academic institutional partners, including universities and schools. On behalf of everyone at **Into** University, we would like to thank you for your continued generous support, which is enabling us to raise the aspirations and attainment of young people facing disadvantage and provide them with the guidance and support they need to achieve their ambitions.
I’m also grateful to the wholehearted efforts of our staff team, whose ongoing commitment to our values and ethos plays _the_ key role in the success of the charity. I was particularly pleased to see that in our recent Employee Engagement Survey, 100% of staff agreed that **Into** University’s values aligned with their own. The Trustees are indebted to you for your dedication, professionalism, and above all your heartfelt care for the young people that we work with.
I would also like to express my thanks to Pasha Michaelsen for taking on the position of vice-chair in December 2023, which also includes leading the work of our Advisory Panel: I’m looking forward to working with Pasha in shaping the direction of the charity over the coming years.
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Finally, I wish to thank the families and carers who entrust us with the care of their students, whose dedication, curiosity, and ingenuity make all of us proud to be part of **Into** University.
Oliver Haarmann, Chair
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## **CONTENTS For the year ended 31 August 2024**
|Letter from the Chair|2|
|---|---|
|Contents|4|
|Report of the Trustees|5-23|
|Independent Auditor’s Report|24-26|
|Statement of Financial Activities|27|
|Balance Sheet|28|
|Statement of Cash Flows|29|
|Notes to the Financial Statements|30-44|
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## **INTOUNI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024**
The Trustees present their report and audited financial statements for the year ended 31 August 2024.
## **Reference and administrative information**
Charity Name: **Into** Uni Working Name: **Into** University Charity Number (England & Wales): 1118525 Charity Number (Scotland): SCO49776 Company Number: 6019150 Registered Office and Operational Address: 95 Sirdar Road London W11 4EQ
## **Trustees**
Roderick Brooks CBE Jennifer Brown Professor Cedric Nishanthan Canagarajah Pasha Coupet Michaelsen Vice Chair (from 5 December 2023) Julian Granville Oliver Haarmann Chair Sarah Havens Christoph Henkel Nilufer Kheraj OBE Sophia Lewisohn[1] Vice Chair (until 5 December 2023) Clare Richards MBE Safeguarding Trustee Steve Windsor Treasurer
1 Resigned on 5 December 2023
## **Board Fellow**
Harlem Nguyen
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## **INTOUNI REPORT OF THE TRUSTEES – CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024**
The composition of the committees below is as at 31 August 2024:
## **Advisory Panel**
Adetayo Akinyemi David Alleyne Tom Arbuthnott Gary Attle Maria Bentley Nils Blythe Debbie Buffini Nicholas Bull Simon Cairns Clare Carolan Jessica Cecil Victoria Corcoran Katherine Cumberbatch Meeta Dave Patrick Derham Adele Eastman Roger Enock Cortland Fransella Perdita Fraser Katrin Henkel Mouhssin Ismail Denise Jagger[1] Fiona Laffan James Lambert Paywast Lateef Tim Lee Janet Legrand Alasdair Macdonald Davina Mallinckrodt
Adil Mehmood[1] Priscilla Mensah Lucy Morris Harlem Nguyen Rosemary O’Mahoney Solomon Pervez Hilai Qahari Steve Rafferty Alec Rattray Caspar Rock Samaira Saleem Nitin Sharma Mary Ann Sieghart Nat Sloane Ros Smith Dami Solebo[1 ] Chris Stephens Amelia Sussman Mark Sykes[1] Colin Tyler Tim Webb Eric Wilkinson Nick Wright Abdullahi Yussuf[1] Members of the Trustee Board Senior Management Team Senior Leadership Team Student Advisory Panel Representatives
1 Joined the Advisory Panel during the year
**Audit and Risk Committee** Julian Granville (Chair)
Clare Richards MBE
## **Development Working Group**
Roderick Brooks CBE (Chair)
**Diversity and Inclusion Committee**
Sarah Havens Nilufer Kheraj OBE (Chair)
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**INTOUNI REPORT OF THE TRUSTEES – CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024**
**Investment Committee** Steve Windsor (Chair) Daniel Century Roderick Brooks CBE Oliver Haarmann Dr Rachel Carr OBE **Nominations Committee** Pasha Coupet Michaelsen (Chair) Nilufer Kheraj OBE Oliver Haarmann Clare Richards MBE
## **Remuneration Committee**
Oliver Haarmann (Chair) Steve Windsor Christoph Henkel
**Senior Management Team**
Dr Rachel Carr OBE Hannah Purkiss Daniel Century Rosie Ferguson (maternity cover)
**Senior Leadership Team**
Senior Management Team Hannah Margetts Laura Barton Hannah Padfield Lizzie Boyce Adam Rahman
## **Auditor**
HaysMac LLP, 10 Queen Street Place, London EC4R 1AG
## **Principal Bankers**
Lloyds Bank plc, 25 Gresham Street, London EC2V 7HN CAF Bank, 25 Kings Hill, West Malling, Kent ME19 4JQ
## **Principal Investment Managers**
BlackRock Investment Management (UK) Ltd, 2 Throgmorton Avenue, London EC2N 2DL Schroder Investments Ltd, 31 Gresham Street, London EC2V 7QA
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**INTOUNI REPORT OF THE TRUSTEES – CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024**
## **Structure, Governance and Management**
## Governing Document
**Into** Uni (“ **Into** University”, “the charity”) is a charitable company limited by guarantee, incorporated on 5 December 2006 and registered as a charity on 26 March 2007. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. The charity operates under the working name of **Into** University.
## Relationship with The ClementJames Centre
The **Into** University charity grew out of the **Into** University work that was started at another charity, the St Clement and St James Community Development Project (now known as The ClementJames Centre) in 2002. The **Into** University work at The ClementJames Centre (known as **Into** University North Kensington) is affiliated to, and receives grants from, the **Into** University charity, but remains under the governance of the Trustees of The ClementJames Centre and the management of its Chief Executive. **Into** University North Kensington received total grants of £190,000 in the year ended 31 August 2024 (year ended 31 August 2023 £190,000). All other centres are managed directly by **Into** University.
## Recruitment and Appointment of Trustees
The directors of the company are also charity Trustees for the purposes of charity law. The Trustees who served during the period and up to the date of this report are set out on page 5. The Report of the Trustees is the Directors’ Report in accordance with section 415 of the Companies Act 2006.
The members of the company are the Trustees; there are no other members. The members of the company have guaranteed the liabilities of the company up to £1.
When vacancies arise on the Board, or when the needs of the Board are being reviewed, the Nominations Committee identifies the need for new Trustees and recommends candidates to the Board in a process that complies with the governing document. Interviews are carried out by the Nominations Committee. Successful candidates are invited to join the Trustee Board, subject to references, criminal record checks and approval by the full Trustee Board.
The Board aims to be representative of the educational work of the charity and to ensure that it has available a broad range of skills and expertise amongst its members.
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**INTOUNI REPORT OF THE TRUSTEES – CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024**
## Trustee Induction and Training
An information pack about the charity is sent to new Trustees, including their duties and the charity’s expectations of them, and a full induction process is arranged. New Trustees meet existing Trustees, key members of staff and volunteers and are introduced to the charity’s work, values, programmes and safeguarding approach.
## Organisational Structure
During the year to 31 August 2024, the Board met five times, including an Away Evening. These meetings also involved members of staff as appropriate.
The role of the Board is to provide oversight of the charity’s activities, including planning, approval of annual budgets and review of the charity’s results and achievements. The Board also provides general support to the Chief Executive and her staff. The day-to-day running of the charity is carried out by the staff team, with support from volunteers, under the leadership of the Senior Management Team. The Senior Management Team comprises the Chief Executive and Co-Founder, Dr Rachel Carr; the Chief Financial Officer, Daniel Century; the Chief Operating Officer, Hannah Purkiss; and the Chief Programmes Officer (maternity cover), Rosie Ferguson.
Sub-committees of the Trustee Board (listed on pages 6-7) oversee specific areas of the charity and report regularly to the Trustee Board. During the period the Advisory Panel met twice via videoconference to consider areas of significant interest in the charity’s development. The Trustees would like to thank the members of the Advisory Panel for the invaluable support and guidance they provide.
## Pay Policy for Key Management Personnel
The Trustees consider that the Board of Trustees and the Senior Management Team comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day-to-day basis. All Trustees give of their time freely and no Trustee received remuneration in the year. Details of Trustees’ expenses and related party transactions are disclosed in note 7 and note 17 to the accounts respectively.
The pay of the Senior Management Team and all staff is reviewed annually by the Remuneration Committee, and recommendations are made to the Trustees accordingly. Staff pay rises are considered in the context of the following factors: inflation; harmonisation and fairness; promotion with increased responsibility; and recognition and reward of experience. The charity also benchmarks against pay structures in comparable organisations.
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## **Objectives and Activities**
As stated in the governing documents (the Memorandum and Articles), the objects of the charity are to advance the education and skills of children, young people and adults in socially or economically disadvantaged communities across the United Kingdom by:
- a) Running local education centres to support local communities and to provide services to maximise educational achievement and social inclusion.
- b) Providing training, consultancy and management services to other agencies working to advance the education and skills of children, young people and adults in socially and economically disadvantaged communities across the United Kingdom.
The charity’s current growth plan includes ambitious plans to reach even more social mobility coldspots and educationally underserved regions of the United Kingdom.
## Public Benefit
The Trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning its future activities.
## The Main Activities of the Charity
The charity runs an integrated education programme addressing the barriers and challenges faced by young people growing up in areas of economic, social, cultural, or linguistic disadvantage. At the heart of the programme is the belief that the needs of young people are best addressed in the context of a long-term pastoral engagement where the charity can build self-confidence, build aspirations and support learning to enable young people to reach their potential to go to university or realise another chosen aspiration.
The charity provides a centre-based service. The centre is a distinctive place of belonging for students, available to them all year round. The charity believes in the importance of supporting young people in their communities and being in neighbourhoods over the long term to build long lasting relationships with local families and organisations. Staff create a positive ethos and provide children with intensive hands-on learning in a non-school context. Young people have a fresh start at the end of the school day, engaging with staff who have no preconceived expectations based on their behaviour at school. The centres are places that users choose to attend, not places they have to attend.
The charity aims to be a ‘home-from-home’ rather than a ‘school-from-school’. Staff aim to provide the kind of academic and wider support that is a matter of course in many more privileged families.
The charity starts working with young people from as young as seven and aims to work with them over the long term until university access. Academic research on access to university for children from socially-excluded groups stresses the importance of aspiration to future university study from a young age. Most other widening participation projects addressing underachievement begin at secondary age. In contrast, the charity starts working with children from as early as seven years old.
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The charity aims to have a high ratio of staff/volunteers to students. This is crucial both for the quality of the educational support and the maintenance of pastoral relationships. It enables the development of positive, affirming relationships with young people who receive substantial individual attention.
The charity aims to provide a positive, aspirational ethos, believing that children and young people can succeed in life and that their decisions and the attitudes they have help shape their futures for good or bad. Staff work to promote good behaviour, pride in achievements and a positive, safe and stimulating out-of-school environment.
The charity takes a multi-stranded approach, recognising that young people require a range of support in order to raise and attain their aspirations: academic support, new learning opportunities, aspirational activities and confidence building. Students are encouraged to move between different aspects of the programme to provide ongoing, in-depth support. Particular attention is given to the key points when young people may become disaffected or find school challenging (for example, primary to secondary school transfer or during key examination/assessment times).
The charity’s educational programme provides the following three core strands of activities:
**1. Academic Support:** The charity provides help with homework, coursework and exam revision and brings the national curriculum to life through an exciting in-house curriculum. Trained volunteers provide additional support and help maintain a high adult:student ratio. Academic Support raises levels of achievement, increases confidence and motivation, builds metacognition and oracy skills and helps young people re-engage with learning outside of school hours. The programme offers pastoral support and the opportunity for young people to build positive long-term relationships with adults and to address any challenging behaviour they may demonstrate. The charity has further developed a formal primary school curriculum for its Academic Support students who come without homework to complete. It covers subjects not usually taught in primary school - in 2023-24, the core subjects were Sports Studies, Photography and PPE (Philosophy, Politics and Economics) - and is designed to support literacy and numeracy as well as to introduce primary school children to subjects they might study at university. Independent Learning Projects and the 'Future Readiness Award' have been created for secondary school students to provide students with extended research projects to complete once they have finished their homework.
**2. FOCUS programme:** The charity runs subject-based aspiration and awareness building workshops for young people aged 7 to 18. The Primary FOCUS programme includes hands-on workshops and inspiring visits to cultural/educational institutions, which many of the charity’s students have never accessed before. Primary FOCUS provision includes a university visit and graduation-style ceremony, introducing students to university life and making university a realistic and tangible aspiration through experiential learning. The Secondary FOCUS package is an integrated education programme which aims to increase students’ knowledge of Higher Education, career opportunities and other future pathways. The programme strengthens students’ aspirations, provides strategies to make effective educational choices and helps students to develop transferable skills. In addition to the core FOCUS programme, other strands such as Careers in FOCUS, Business in FOCUS and Leadership in FOCUS provide more detailed career guidance, develop important workplace skills and a platform for self-reflection respectively. Finally, the Student Enrichment programme provides work experience, internships, and networking opportunities giving students access to opportunities and professional advice from a range of industries. The Student Enrichment programme includes some activities for students at university.
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**3. Mentoring:** The charity has developed a mentoring programme comprised of three parts: University Student Mentoring, Corporate Mentoring and the ‘Buddy’ programme. The charity works closely with universities to provide trained student mentors for the University Student Mentoring scheme who act as positive role models of people who have made it to university. Mentors support their mentees to develop reading, writing and maths skills and develop their confidence and inter-personal skills by taking part in social activities. The Corporate Mentoring programme pairs young people in their last year of school with trained volunteer professionals who support the mentee with the university application process and support their transition to university and first year of study. Through the charity’s two-day Buddy Programme, pupils aged 12-13 years old take part in subject-based activities led by trained undergraduate volunteers and are shown around a university campus by the students.
Khadija Saye Arts @ **Into** University continues the work of **Into** University with a focus on encouraging and supporting young people with an interest in the arts. This programme was set up following the death of the artist Khadija Saye, a former **Into** University student, in the Grenfell Tower fire. The programme aims to address the lack of diversity in the UK arts sector providing opportunities for young people from disadvantaged communities across the UK to explore the Arts by incorporating Arts-based activities from a range of disciplines into **Into** University's existing programme.
The charity operates a Boarding School Bursary Scheme in partnership with the Royal National Children’s SpringBoard Foundation which seeks to identify **Into** University students who might benefit from the support, enrichment and teaching provided by state and independent boarding schools. The project aims to support the entry process and to offer ongoing pastoral support to the students and families on the scheme.
The charity runs an Explore Oxbridge Programme which offers tailored support to our students, enabling them to find out more about the University of Cambridge and University of Oxford, develop their skills and explore their academic interest. The programme identifies cohorts of students between the ages of 13 and 18 years who are supported through a mixture of 1-1 sessions, virtual workshops, webinars, support with personal statements and interviews, Open Day visits and with the transition to university.
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## **INTOUNI REPORT OF THE TRUSTEES – CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024**
The charity works closely with other institutions including primary and secondary schools local to the centres, and cultural institutions.
The charity had the following major university partnerships in 2023-24:
|**Centres supported**
**Major university partners**
~~a~~|**Centres supported**
**Major university partners**
~~a~~|
|---|---|
|Birmingham North
Birmingham City University
~~a~~
~~a~~||
|Bradford East
Queen’s College, Cambridge
~~a~~
~~a~~||
|Bridlington
Grimsby
Hull East
University of Hull
University of York
~~a~~||
|Bristol East
University of Bristol
~~a~~||
|Bristol South
University of Bath
University of Bristol
University of Exeter
~~a~~||
|Clacton-on-Sea
Anglia Ruskin University
~~a~~||
|Coventry
University of Warwick
~~a~~
~~a~~||
|Craigmillar
Govan
Maryhill
University of Edinburgh
University of Glasgow
~~a~~||
|Great Yarmouth
Trinity College, Cambridge
University of East Anglia||
|Hammersmith
University of Bath
~~a~~
~~G~~||
|Kennington
King’s College, London
~~a~~
~~G~~||
|Kirkby
North Liverpool
University of Liverpool||
|Leeds East
Leeds South
Leeds Extension Project
University of Leeds||
|Leicester North
De Montfort University
University of Leicester||
|Manchester North
University of Manchester
~~a~~||
|Newcastle East
Newcastle University
Northumbria University||
|Norwich
University of East Anglia
~~a~~||
|Nottingham Central
Nottingham East
Nottingham West
University of Nottingham||
|Oxford South-East
Christ Church, Oxford
University of Oxford||
|Peterborough
Anglia Ruskin University
~~a~~||
|Salford
University of Manchester
University of Salford||
|Southampton West
University of Southampton
~~a~~||
|Weston-super-Mare
~~a~~|University of Bath
~~a~~|
The charity also had funding partnerships in 2023-24 with Christ’s College, Cambridge and Pembroke College, Cambridge. In addition, the charity worked in collaboration with a range of other university partners.
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**INTOUNI REPORT OF THE TRUSTEES – CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024**
## **Strategic Report**
## **Achievements and Performance**
During the academic year 2023-24 the charity supported 56,637 children, young people, and student associates.
Of the students supported, 5,272 attended Academic Support, 29,787 took part in the Primary FOCUS programme, 18,474 took part in FOCUS programmes for years 7 to 11 (S1-S4 in Scotland), 6,530 were supported in years 12 to 13 (S5-S6 in Scotland), and 3,400 participated in the Mentoring and Buddy programmes.
An analysis tracking the destinations of students who had left school at the end of the 2022-23 academic year and had taken part in the **Into** University programme indicated that 61% of school leavers had secured a university place.[1] Student evaluations collated in 2022-23 indicated that 63% of those students who had participated in the Academic Support programme reported improved school grades, and 61% of students who had participated in the Primary FOCUS and Secondary FOCUS programmes reported that they were more likely to go to university as a result of their participation.
Detailed student numbers by centre are shown on the following page.
> 1 These figures are based on a sample of 5,419 students who were either finishing Year 13 (S6 in Scotland), or would have completed Year 13 (S6 in Scotland) had they stayed in school (a 48% sample of a cohort of 11,187 students). The university progression figure for all **Into** University school leavers may be lower. Although staff tried to contact every single student, it was only possible to obtain data for 48% of school leavers. It may be that those for whom we do not have data are less likely to have applied for and have gained a university place. If we conservatively assume that we had no impact on these students, then our overall progression rate would still be 51%, 23 percentage points above the average for Free School Meals (FSM) students nationally, and 9 percentage points above the average for all maintained school students nationally.
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## **INTOUNI REPORT OF THE TRUSTEES – CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024**
Centre by centre programme figures during the 2023-24 academic year were as follows:
|**Established Centres ***|**Academic**
**Support**
**Primary**
**FOCUS**
**FOCUS**
**Year 7-11**
**S1-4**
**Year 12-13**
**S5-6**
**Mentoring**
**and Buddy**
**Other**
**Total**
**Unique**
**Students ^**|
|---|---|
|**Into**University Birmingham North|132
740
489
183
117
1,469|
|**Into**University Bow|133
684
464
185
99
1,388|
|**Into**University Bradford East|68
656
436
51
85
1,187|
|**Into**University Brent|133
753
466
228
87
1,483|
|**Into**University Brighton|128
675
573
129
89
1,431|
|**Into**University Bristol East|170
795
611
229
101
1,688|
|**Into**University Bristol South|111
632
424
175
71
1,276|
|**Into**University Brixton|150
654
497
203
86
1,434|
|**Into**University Clacton-on-Sea|120
965
439
82
58
1,492|
|**Into**University Coventry|129
736
492
163
87
1,441|
|**Into**University Craigmillar|125
976
353
102
77
1,443|
|**Into**University East Ham|139
646
433
230
80
1,360|
|**Into**University Govan|117
793
355
144
85
1,300|
|**Into**University Hackney Downs|127
701
489
204
98
1,432|
|**Into**University Hackney South|145
775
486
244
100
1,593|
|**Into**University Hammersmith|124
704
497
325
95
1,557|
|**Into**University Haringey North|148
674
506
259
95
1,463|
|**Into**University Kennington|157
706
474
177
94
1,425|
|**Into**University Leeds East|172
668
492
59
105
1,297|
|**Into**University Leeds Extension|102
713
477
3
83
1,259|
|**Into**University Leeds South|131
699
487
144
110
1,385|
|**Into**University Manchester North|126
715
484
292
101
1,548|
|**Into**University Maryhill|115
733
321
147
59
1,231|
|**Into**University Newcastle East|144
678
379
149
53
1,257|
|**Into**University North Islington|138
782
431
239
91
1,483|
|**Into**University North Kensington|207
548
490
181
120
1,328|
|**Into**University North Liverpool|133
744
453
152
84
1,401|
|**Into**University Norwich|122
976
467
159
82
1,593|
|**Into**University Nottingham Central|137
777
497
164
79
1,495|
|**Into**University Nottingham East|140
662
435
172
94
1,313|
|**Into**University Nottingham West|129
799
464
173
76
1,507|
|**Into**University Oxford South East|128
709
449
178
71
1,397|
|**Into**University Southampton West|98
770
444
22
95
1,300|
|**Into**University Walworth|122
720
504
224
101
1,538|
|**Into**University Weston-super-Mare|81
691
465
81
63
1,244|
|**Emerging Centres ***||
|**Into**University Great Yarmouth|102
867
375
209
33
1,460|
|**Into**University Hull East|104
675
348
9
65
1,018|
|**Into**University Peterborough|123
726
451
141
58
1,329|
|**Into**University Salford Central|130
704
472
247
74
1,433|
|**Launch Centres ***||
|**Into**University Kirkby|121
438
370
51
58
876|
|**Into**University Leicester North|76
393
259
60
44
717|
|**Pre-launch Centres ***||
|**Into**University Bridlington|-
91
4
-
-
95|
|**Into**University Grimsby|-
247
1
8
-
256|
|**Projects**||
|Additional work in Bristol|55
-
-
-
-
55|
|**Cross centre events**|- - 11
-
-
11|
|**Other support**|139
139|
|**Total ^**|5,272
29,787
18,474
6,530
3,400
139
56,637|
* ‘Launch’ refers to a centre’s first complete year of operation, ‘Emerging’ refers to a centre’s second complete year of operation, and ‘Established’ refers to all future years of operation. ‘Pre-launch’ centres are mid-year soft launches in advance of the full launch year.
^ As many students attended more than one strand of **Into** University’s activities, and some students attended more than one **Into** University centre during the year, the totals for unique students in the table above do not equal the aggregation of individual strands or the aggregation of unique students in individual centres.
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**INTOUNI – REPORT AND FINANCIAL STATEMENTS**
I **NTOUNI REPORT OF THE TRUSTEES – CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024**
## **Financial Review**
Total expenditure for the year amounted to £12,107,521 (year to August 2023: £10,852,662). Total income amounted to £12,553,830 (year to August 2023: £11,596,866). At 31 August 2024 the charity had net assets of £7,908,147 (2023: £7,131,719). These comprised a £744,393 designated fund, free reserves of £4,247,095, restricted operating funds of £424,902, a permanent endowment of £2,333,559, and an expendable endowment of £158,198.
**Into** University is very grateful to all the donors who supported the charity throughout the period, full details of whom are listed in note 3.
## Reserves Policy
It is the policy of the Trustees to hold free reserves of between three months’ forecast running costs (currently equal to £3.5m) and six months’ forecast running costs (currently equal to £7.0m). At the end of the year, free reserves stood at £4,247,095 which is within the charity’s reserves policy requirement.
In addition to its free reserves, the charity holds a designated fund of £744,393, a permanent endowment of £2,333,559, and an expendable endowment of £158,198.
The designated fund provides the charity with extra financial security for its growth plan. The charity currently has ambitious targets to reach more social mobility coldspots and educationally underserved regions of the UK, expanding to 50 learning centres in the coming years. In view of the significant annual funding requirements to achieve this ambition, and the challenging financial and funding environment that the charity is operating in, the designated fund enables the charity to grow while maintaining a financially strong position. The expectation is for the designated fund to be utilised over the course of this expansion, although the timing of utilisation will be assessed on a continuing basis by the Trustees as the charity reviews its future growth strategy.
The expendable endowment of £158,198 has arisen from legacies and donations made specifically for that purpose.
The permanent endowment, called The IntoUni Endowment Fund, has been established in partnership with a third-party foundation, in order to provide long-term financial security for the charity. The income from the permanent endowment is used to further the charity’s charitable objects, including (without limitation) through supporting the charity’s core costs.
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## I **NTOUNI REPORT OF THE TRUSTEES – CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024**
## Investment Policy
As at 31 August 2024, £3,384,883 was held in equity and fixed income investments and £1,356,900 was held in long-term deposits. Investments are made in accordance with the broad investment powers accorded to the Trustees in the charity’s Memorandum of Association. At present, the charity’s investments are made through seven common investment funds, one passive tracker fund, and through long-term deposit accounts. Common investment funds are collective investment vehicles similar to unit trusts but open only to charitable bodies.
The charity’s principal investment objective is to increase the value of invested assets over the long-term, protecting them against the effects of inflation and producing a return for the charity. A secondary objective is to produce income for the charity which can be applied to its ongoing operating costs.
During the year, net gains on the charity’s investments amounted to £330,119.
## Fundraising Approach
The charity's fundraising activity is broken down into four main areas: applications to grantmaking trusts; applications to corporates; partnerships with educational institutions; and requests for support from individuals. Approaches to individuals are normally made in person or through fundraising events, in line with the Fundraising Code of Practice set by the Fundraising Regulator.
The charity would like to assure its supporters of the following:
- The charity will never sell supporters’ contact details to anyone
- If a supporter asks the charity to change how it communicates with the supporter, or to stop communications, the charity will respect that
- The charity does not engage in cold-calling, door-to-door or street fundraising
- The charity endeavours to ensure that no one ever feels pressurised to support its work
- The charity is registered with the Fundraising Regulator and adheres to the Fundraising Code of Practice
- All of the charity’s activities are open, fair, honest and legal
The charity has a training programme for its fundraising staff to reinforce its fundraising ethics.
The charity has a Donations Acceptance Policy which sets the charity’s policy for the acceptance of donations and sets out the procedures for the charity’s screening of donations, including, where necessary, referral to the charity’s Due Diligence Advisory Panel.
In 2023-24 the charity did not work with any third-party partners to directly deliver fundraising activities with trusts and foundations or individual donors. No complaints about the charity's fundraising activities were received during the year (2022-23: no complaints).
**Into** University also has an obligation to protect vulnerable people and those in vulnerable circumstances. Whenever we suspect that a potential or actual supporter is lacking capacity or is in vulnerable circumstances we will take courteous and respectful steps immediately to discontinue fundraising conversations and other fundraising communications. In these circumstances we will not accept donations.
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I **NTOUNI REPORT OF THE TRUSTEES – CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024**
## Fundraising Performance
Almost all of the charity’s income comes from fundraising and the charity continued to fundraise successfully, raising £12.2m from voluntary income and event income. These funds came from educational institutions (37%), charitable trusts and foundations (30%), individual donors and funds raised at events (20%), and corporate donors (12%).
## **Non-Financial Support**
Throughout the year the charity has received professional advice, services and time from various individuals and organisations.
The charity has received significant volunteer support from corporate partners and the charity’s stakeholder university partners. The value of this cannot be quantified reliably and so has not been included in the financial statements. However, the Trustees would like to thank everyone who has volunteered their time, professional knowledge or any other service for their generous contributions, which are hugely beneficial to the operations of the charity.
The charity is also extremely grateful for pro bono contract law support received from Dechert LLP, for pro bono property law support received from Allen & Overy, and for pro bono employment law advice received from Covington & Burling LLP (and in particular, Antonio Michaelides) over a number of years.
## **Plans for Future Periods**
The charity’s current strategic plan aims to sustain the charity’s existing operations and grow the charity’s centre network to 50 in the coming years. It will respond to the rapidly increasing need for the charity’s work through sustaining and growing **Into** University’s long-term work in communities that are all too often buffeted by circumstances beyond their control, where there is a particular deficit of opportunity and where young people most need the charity’s support to escape cycles of poverty to achieve their undoubted potential.
The charity will be launching the following centres in 2024-25:
- A centre in Birmingham East, in partnership with University College Birmingham and the University of Warwick, in Autumn 2024
- A centre in Middlesbrough, in partnership with King’s College, Cambridge, in Autumn 2024
- A centre in Gateshead, in partnership with the University of Newcastle and the University of Northumbria, in Spring 2025
The charity is in advanced discussions on future expansion with a number of university partners over further centre openings in 2025 and the following years.
During the period of the strategic plan, the charity will aim to:
- Grow its network to 50 centres by 2028 across England and Scotland, focusing on the following areas:
- Tackling the extreme need in coastal and port town locations
- Further embedding its impact in existing regions by opening centres within our current centre clusters
- Identification of new high-need locations.
- Support up to 60,000 students per annum by 2028
- Sustain its existing network of centres
- Review the ongoing need, feasibility and quality of its current operations
- Identify innovations to ensure that its programmes are as effective as possible
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I **NTOUNI REPORT OF THE TRUSTEES – CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024**
## **Principal Risks and Uncertainties**
The Trustees regularly review the many risks to which the charity is exposed and the means by which these risks are managed and controlled. These range from political and reputational to legal and financial risks. The aim of the review is to ensure that Trustees are satisfied that all major risks have been identified and that appropriate internal controls are in place to manage the charity’s exposure. There is a sub-committee of the Trustee Board, the Audit and Risk Committee, which monitors risk management. The principal risks and uncertainties identified by the charity are as follows:
|**Risk identified**
**Key actions to mitigate risk**|**Risk identified**
**Key actions to mitigate risk**|
|---|---|
|Ability to raise
funding to
cover expenditure
New centres/projects launched only when funding has been secured for incremental
cost of the centres/projects
General reserves policy provides additional protection against a funding shortfall
Designated fund in reserves provides additional security during period of growth and
can be used in the event of a funding shortfall
Monitoring by the Senior Management Team and Board of cost levers in the context
of fundraising gaps
Modelling of scenarios to identify level of fundraising risk
University funding structure updated to counter inflationary rises in costs.
Regularly review the quality and effectiveness of the fundraising team||
|Change in
government or
political aims
Be aware of potential changes in government policies, including government support
for the financial position of universities and government initiatives to address the
education gap, and to consider the implications for charity
Be aware of implications of the new political administration (from 2024) and the
potential impact on discussions around the level of university fees and other changes
to the Higher Education sector; work closely with university partners to assess the
implications for partnerships
Maintain strong relationships with policymakers, key people in the widening
participating field, and the Office for Students
Agility in identifying levers for cost savings in the event of withdrawal of funding||
|Data security / cyber-
security risk|Ongoing review of data protection policies and procedures to ensure compliance with
data protection legislation
Data protection training and cyber-security training for all staff
Engage data protection consultant to support with data protection compliance with
current and future regulations
Expansion of charity’s data protection team
Engagement of third-party IT providers to provide additional cyber-security guidance
and expertise|
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## I **NTOUNI REPORT OF THE TRUSTEES – CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024**
|**Risk identified**
**Key actions to mitigate risk**|**Risk identified**
**Key actions to mitigate risk**|
|---|---|
|Diversity lacking
amongst staff &
volunteers, and in
the charity’s
resources
Implementation of formal Diversity and Inclusion three-year strategy for 2022-2025
Permanent Diversity and Inclusion team.
Continued operation of Diversity and Inclusion Forum, consisting of permanent Diversity
and Inclusion Team and staff members from across the charity.
Standing item at Board meetings
Diversity and Inclusion sub-committee of the Board
Formal Diversity and Inclusion goal settings within teams
Refresh and review of existing training programme by Diversity and Inclusion Team
Continue to analyse equal opportunities data collected and analysed during recruitment
process to identify focus areas
Equal opportunities data collected for current staff team and new starters, in order to
identify areas of under-representation and focus and to examine correlation between
diversity characteristics and pay, progression and retention
Employee Engagement Survey (run for third time in 2024, reissued annually) to analyse
correlation between the employee experience of working at the charity and diversity
characteristics, in order to identify areas of focus.||
|Failure to recruit
staff or
fall in quality of
recruited staff
Thorough and targeted advertising approach, including job sites, university advertising,
social media, stakeholder support
Pay review considers competitiveness of pay offering
Revision of recruitment literature to increase appeal to candidates
Recruitment review conducted to identify areas of improvement and focus, and to
maximise inclusiveness of process – to be refreshed in 2024-25
Offer appealing benefits package, including competitive leave structure, enhanced
pension structure, strong occupational parental pay and occupational sick pay policies,
life assurance benefit, and more
Operate a combination of online and in-person recruitment to make recruitment
accessible and effective||
|Isolation of centres|Staff engagement plan in place across the charity’s network of centres
Scheduled Senior Leadership Team engagement with centres
Regular cross-centre leadership and programme strand meetings
Regular meetings between Centre Leaders and members of Senior Operations Team
Operation of cluster model, overseen by Regional Operations Managers
Programme of staff conferences and Team Days, and Staff in FOCUS prizes and events
Operation of Employee Forum to engage staff in the decision-making process|
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## I **NTOUNI REPORT OF THE TRUSTEES – CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024**
|**Risk identified**
**Key actions to mitigate risk**|**Risk identified**
**Key actions to mitigate risk**|
|---|---|
|Loss/absence of
key staff due to
departure,
sickness, or other
leave
Management responsibility shared between senior team
Retention strategies for key staff, including promotion, career development, CPD,
remuneration and benefits
Pay review process reviews the competitiveness of salaries at all levels against sector
comparators.
Recruit sufficient staff to cover absences and in anticipation of staff turnover, within
budgetary constraints
Monitor staff absences to ensure that staff are supported and to identify and anticipate
operational issues
Provide adjustments to staff with disabilities or long-term health conditions, to make
roles more accessible to staff
Maintain half-termly notice dates for operational staff to enable the charity to plan its
recruitment needs
Consider flexible working arrangements to retain skilled staff and to react to changing
conditions||
|Venues pull out or
exit lease
Maintain good relations with landlords
Ensure sufficient notice periods are built into lease agreements
Provision included in budget for potential additional lease/capital costs resulting from a
centre move to a new site
Identify tangential benefits of a site move, including new funding opportunities||
|Withdrawal/non-
renewal of
university partner|Long lead-in time for renewal process to allow time for reactive measures to be taken in
the event of non-renewal
Maintain deep and wide relationships with senior university contacts, with emphasis on
communication of the charity’s impact,
In the event of withdrawal or non-renewal, seek alternative university partners for the
centre
Where closure is unavoidable, identify alternative routes for supporting students and
retaining staff
Maintain designated fund to provide additional financial security in the event of a
university withdrawal, to provide additional time to seek replacement funding or to fund
period oftransition|
**21**
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**INTOUNI – REPORT AND FINANCIAL STATEMENTS**
**INTOUNI REPORT OF THE TRUSTEES – CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024**
## **Responsibilities of the Trustees**
The Trustees (who are also directors of **Into** University for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Agreed Accounting Practice (United Kingdom standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and the results of the charity for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware:
- there is no relevant audit information of which the charity’s auditor is unaware; and
- the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. On 18 November 2024 the company’s auditor changed its name from Haysmacintyre LLP to HaysMac LLP.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
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**INTOUNI REPORT OF THE TRUSTEES – CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024**
The Report of the Trustees, which incorporates the Strategic Report, was approved by the Trustees on 5 December 2024 and signed on their behalf by:
……………………………………..…… (Chair) Oliver Haarmann
[La ……………………………………….…. (Treasurer) Steve Windsor
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## **Independent auditor’s report to the members and trustees of IntoUniversity**
## **Opinion**
We have audited the financial statements of **Into** University for the year ended 31 August 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
- give a true and fair view of the state of the charitable company’s affairs as at 31 August 2024 and of the charitable company’s net movement in funds, including the income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Report of the Trustees. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
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**INTOUNI – REPORT AND FINANCIAL STATEMENTS**
## **INDEPENDENT AUDITOR’S REPORT – CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024**
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees (which includes the strategic report and the directors’ report prepared for the purposes of company law) for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the strategic report and the directors’ report included within the Report of the Trustees have been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees (which incorporates the strategic report and the directors’ report).
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charity Accounts (Scotland) Regulations (as amended) require us to report to you if, in our opinion:
- adequate accounting records have not been kept by the charitable company; or
- the charitable company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees’ remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees for the financial statements**
As explained more fully in the trustees’ responsibilities statement set out on page 21, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditor’s responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Based on our understanding of the charitable company and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to employment law, safeguarding regulations and Charity and Company law, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, Charities Act 2011 and Charities SORP.
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## **INDEPENDENT AUDITOR’S REPORT – CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024**
We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to recognition of income. Audit procedures performed by the engagement team included:
- Inspecting minutes of Trustees’ meetings;
- Inspecting correspondence with regulators and tax authorities;
- Discussions with management including consideration of known or suspected instances of noncompliance with laws and regulation and fraud;
- Evaluating management’s controls designed to prevent and detect irregularities;
- Identifying and testing journals, in particular journal entries posted with unusual account combinations, postings by unusual users or with unusual descriptions; and
- Challenging assumptions and judgements made by management in their critical accounting estimates.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Jane Askew (Senior Statutory Auditor) 10 Queen Street Place For and on behalf of HaysMac LLP, Statutory Auditor London 12 December EC4R 1AG …………………………………………2024
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**INTOUNI – REPORT AND FINANCIAL STATEMENTS**
## **STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account) FOR THE YEAR ENDED 31 AUGUST 2024**
|||||||**2024 Total**|||**2023 Total**|||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||**Designated**
**funds**|**Expendable**
**Endowment**|**General**
**fund**|**Restricted**
**funds**|**(excluding**
**Permanent**|**Permanent**
**Endowment**|**2024 Total**|**(excluding**
**Permanent**|**Permanent**
**Endowment**|**2023 Total**|
|||||||**Endowment)**|||**Endowment)**|||
|||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
||**Notes**|||||||||||
|**Income from:**||||||||||||
|Donations and legacies|**3**|- - 3,371,348 8,612,017 11,983,365|- - 3,371,348 8,612,017 11,983,365|- - 3,371,348 8,612,017 11,983,365|- - 3,371,348 8,612,017 11,983,365|- - 3,371,348 8,612,017 11,983,365|200,000|12,183,365|10,945,328|275,000|11,220,328|
|Other trading activities|**4**|- - - 24,295 24,295|- - - 24,295 24,295|- - - 24,295 24,295|- - - 24,295 24,295|- - - 24,295 24,295|-|24,295|146,866|-|146,866|
|Investments|**5**|-|-
- 274,842|- 274,842|- 274,842|- 274,842|-|274,842|175,914|-|175,914|
|Donated services|**3**|- - 71,328|- - 71,328|- - 71,328|- 71,328|- 71,328|-|71,328|53,758|-|53,758|
|**Total income**||-|-3,717,518|3,717,518|8,636,312 12,353,830|8,636,312 12,353,830|200,000|12,553,830|11,321,866|275,000|11,596,866|
|**Expenditure on:**||||||||||||
|Raising funds|**6**|-|-
- 923,470|- 923,470|- 923,470|- 923,470|-|923,470|793,666|-|793,666|
|Charitable activities|**6**|- - 2,607,174 8,505,549 11,112,723|- - 2,607,174 8,505,549 11,112,723|- - 2,607,174 8,505,549 11,112,723|- - 2,607,174 8,505,549 11,112,723|- - 2,607,174 8,505,549 11,112,723|-|11,112,723|10,005,238|-|10,005,238|
|Donated services|**6**|- - 71,328|- - 71,328|- - 71,328|- 71,328|- 71,328|-|71,328|53,758|-|53,758|
|**Total expenditure**||-|-3,601,972 8,505,549 12,107,521|3,601,972 8,505,549 12,107,521|3,601,972 8,505,549 12,107,521|3,601,972 8,505,549 12,107,521|-|12,107,521|10,852,662|-|10,852,662|
|**Net income before losses on**
**investments**|**7**|- - 115,546 130,763 246,309|- - 115,546 130,763 246,309|- - 115,546 130,763 246,309|- - 115,546 130,763 246,309|- - 115,546 130,763 246,309|200,000|446,309|469,204|275,000|744,204|
|Net gains/(losses) on investments||97,692 19,656 6,188|97,692 19,656 6,188|97,692 19,656 6,188|- 123,536|- 123,536|206,583|330,119|17,418|(49,598)|(32,180)|
|**Net income**||97,692 19,656 121,734 130,763 369,845|97,692 19,656 121,734 130,763 369,845|97,692 19,656 121,734 130,763 369,845|97,692 19,656 121,734 130,763 369,845|97,692 19,656 121,734 130,763 369,845|406,583|776,428|486,622|225,402|712,024|
|Transfers between funds||(200,000)|- 200,000|- 200,000|- -|- -|-|-|(25,000)|25,000|-|
|**Funds brought forward**||846,701 138,542|846,701 138,542|3,925,361|294,139|5,204,743|1,926,976|7,131,719|4,743,121|1,676,574|6,419,695|
|**Total funds carried forward**||744,393 158,198 4,247,095 424,902 5,574,588|744,393 158,198 4,247,095 424,902 5,574,588|744,393 158,198 4,247,095 424,902 5,574,588|744,393 158,198 4,247,095 424,902 5,574,588|744,393 158,198 4,247,095 424,902 5,574,588|2,333,559|7,908,147|5,204,743|1,926,976|7,131,719|
The notes on pages 30 – 44 form part of these financial statements. The comparative Statement of Financial Activities is shown on page 44.
The Statement of Financial Activities includes all gains and losses recognised in the year. All amounts derive from continuing activities. For the purposes of the Companies Act, the Statement of Income and Expenditure excludes Permanent Endowment funds, and therefore is the column entitled “2024 Total (excluding Permanent Endowment)”.
**27**
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**INTOUNI – REPORT AND FINANCIAL STATEMENTS**
## **BALANCE SHEET AS AT 31 AUGUST 2024**
|||**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||**Notes**|||
|**Fixed Assets:**||||
|Investments - managed funds|**10**|3,384,883|2,889,764|
|Long-term deposits||1,356,900|2,280,110|
|||4,741,783|5,169,874|
|**Current assets:**||||
|Debtors and prepayments|**11**|436,717|367,195|
|Cash at bank & in hand||6,228,467|5,534,813|
|||6,665,184|5,902,008|
|**Creditors:**||||
|Amounts falling due within one year|**12**|3,498,820|3,940,163|
|**Net current assets**||3,166,364|1,961,845|
|||||
|**Net assets**|**13**|**7,908,147**|**7,131,719**|
|**The funds of the charity:**||||
|**Unrestricted funds:**||||
|General funds|**14**|4,247,095|3,925,361|
|Designated funds|**14**|744,393|846,701|
|**Restricted funds:**||||
|Operating funds|**14**|424,902|294,139|
|Permanent endowment|**14**|2,333,559|1,926,976|
|Expendable endowment|**14**|158,198|138,542|
|||**7,908,147**|**7,131,719**|
Approved by the Trustees and authorised for issue on 5 December 2024 and signed on their behalf by:
………………………………………………….. (Chair) Oliver Haarmann DocuSigned by: [La ………………………………………………….. (Treasurer) Steve Windsor
Company Number: 6019150
The notes on pages 30 – 44 form part of these financial statements.
**28**
Docusign Envelope ID: 8B00408D-9BEC-43CA-980C-CBB0BAE53907Docusign Envelope ID: 07E69E50-E354-444B-8DED-2097BB37C2C7
## **INTOUNI – REPORT AND FINANCIAL STATEMENTS**
## **STATEMENT OF CASH FLOWS AS AT 31 AUGUST 2024**
|||**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||**Note**|||
|Net cash (used in)/provided by operating activities|**A**|(339,398)|1,729,735|
|Cash flows from investing activities||||
|Interest income||198,052|138,776|
|Purchase of investments||(165,000)|(687,968)|
|Proceeds from long-term deposits||1,000,000|-|
|Proceeds from the sale of investments||-|187,968|
|Cash provided by (used in) investing activities||1,033,052|(361,224)|
|Increase in cash and cash equivalents in the year||**693,654**|**1,368,511**|
|Cash and cash equivalents (net funds) at the beginning of the year||5,534,813|4,166,302|
|**Total cash and cash equivalents (net funds) at the end of the year**||**6,228,467**|**5,534,813**|
## **A: RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIE**
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Net income for the reporting period|776,428|712,024|
|Adjustments for:|||
|Investment income|(170,846)|(82,862)|
|(Gains)/losses on investments|(330,119)|32,180|
|Dividends, interest and rents from investments|(103,996)|(93,052)|
|Increase in debtors|(69,522)|(174,911)|
|(Decrease)/increase in creditors|(441,343)|1,336,356|
|**Net cash provided by (used in) operating activities**|**(339,398)**|**1,729,735**|
**29**
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## **INTOUNI – REPORT AND FINANCIAL STATEMENTS**
## **1. Accounting Policies**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## (a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Second edition, effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
**Into** University meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
(b) Preparation of accounts on a going concern basis
The Trustees consider there are no material uncertainties about the charity’s ability to continue as a going concern. The review of its financial position, reserves levels and future plans gives Trustees confidence that the charity remains a going concern for the foreseeable future.
## (c) Fund accounting
- Unrestricted funds are available for use at the discretion of the Trustees and in furtherance of the general objectives of the charity.
- Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
- Permanent endowment funds are held by the charity on the terms of a Trust Deed where the capital is retained to generate income to further the charity’s objects.
- Expendable endowment funds are invested by the charity to generate income, and the Trustees have the power to convert the investments into income.
## (d) Income
All income is recognised once the charity has entitlement to income, it is probable that income will be received and the amount of income receivable can be measured reliably. The following specific policies are applied to particular categories of income:
- Donations and legacies are received by way of grants, donations, legacies and gifts and are included in full in the Statement of Financial Activities when the charity is entitled to the income, the amount is measurable, and the receipt is virtually certain. Grants, where entitlement is not conditional on the delivery of specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
- Donated services and facilities which the charity would otherwise have purchased are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
- Investment income is included when receivable.
- Income from charitable trading activity is accounted for when earned.
- Income from grants, where related to performance and specific deliverables, is accounted for as the charity earns the right to consideration by its performance.
**30**
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## **INTOUNI – REPORT AND FINANCIAL STATEMENTS**
## **1. Accounting Policies (continued)**
## (e) Expenditure
- Expenditure is recognised on an accrual basis as a liability is incurred.
- Expenditure includes VAT which cannot be recovered, and is reported as part of the expenditure to which it relates.
- Costs of generating funds comprise the costs associated with attracting voluntary income.
- Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
- Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.
- All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis as set out in note 6.
## (f) Taxation
The charity is an exempt charity within the meaning of section 466 to section 493 of the Corporation Taxes Act 2010.
The charity is not registered for VAT.
## (g) Financial Instruments
The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## (h) Fixed assets
Fixed asset additions are included at cost. Individual items purchased with a value greater than £10,000 are capitalised. The charity currently holds no fixed assets at an original cost greater than this value.
## (i) Investments
- Investments are stated at fair value at the balance sheet date.
- The Statement of Financial Activities includes any net realised and unrealised gains or losses arising on revaluations and disposals throughout the year.
- Asset sales or purchases are recognised at the date of trade.
## (j) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## (k) Debtors
Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any trade discounts due.
**31**
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## **INTOUNI – REPORT AND FINANCIAL STATEMENTS**
## **1. Accounting Policies (continued)**
## (l) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## (m) Employee benefits
- Short term benefits including holiday pay are recognised as an expense in the period in which the service is received.
- Employee termination benefits are accounted for on an accrual basis and in line with FRS 102.
- The charity operates a defined contribution pension scheme for the benefit of its employees. The assets of the scheme are held independently from those of the charity in an independently administered fund. The pension costs charged in the financial statements represent the contributions payable during the year.
- (n) Legal status
IntoUni is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
## (o) Operating leases
Rentals applicable to operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged to the Statement of Financial Activities on a straight line basis over the lease term.
## **2. Judgements and key sources of estimation uncertainty**
Preparation of the financial statements requires management to make significant judgements and estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The only area where estimation uncertainty applies is the valuation of gifts in kind.
**32**
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## **INTOUNI – REPORT AND FINANCIAL STATEMENTS**
## **3. Donations and legacies**
||**Unrestricted**|**Restricted**|**Permanent**
**Endowment**|**Permanent**
**Endowment**|**2024**|**Unrestricted**|**Restricted**|**Permanent**
**Endowment**|**Permanent**
**Endowment**|**2023**|
|---|---|---|---|---|---|---|---|---|---|---|
||**£**|**£**||**£**|**£**|**£**|**£**||**£**|**£**|
|**Grants and donations**|||||||||||
|AKO Foundation|100,000|-|-||100,000|100,000|-|-||100,000|
|Alasol ASBL|-|271,073|-||271,073|-|111,219|-||111,219|
|Anonymous grants|100,000|1,009,256|100,000||1,209,256|100,000|618,515|275,000||993,515|
|The Apax Foundation|140,000|-|-||140,000|-|-|-||-|
|Aurum Charitable Trust|-|100,000|-||100,000|-|100,000|-||100,000|
|David and Claudia Harding Foundation|-|-|-||-|100,000|-|-||100,000|
|Esmée Fairbairn Foundation|100,000|-|-||100,000|130,000|-|-||130,000|
|Garfield Weston Foundation|-|333,333|-||333,333|-|190,000|-||190,000|
|The Inflexion Foundation|179,168|104,168|-||283,336|200,000|-|-||200,000|
|The Jongen Charitable Trust|100,000|-|-||100,000|250,000|-|-||250,000|
|Kristian Gerhard Jebsen Foundation|500,000|-|-||500,000|500,000|-|-||500,000|
|Kusuma Trust|-|-|-||-|-|100,000|-||100,000|
|Lund Trust|-|-|-||-|100,000|-|-||100,000|
|Mercers' Charitable Foundation|-|-|-||-|-|116,600|-||116,600|
|Monday Charitable Trust|-|300,000|-||300,000|-|-|-||-|
|The Peter Cundill Foundation|155,557|-|-||155,557|166,390|-|-||166,390|
|Stichting West Coast Foundation|-|100,000|-||100,000|-|100,000|-||100,000|
|The UBS Optimus Foundation UK|-|75,000|-||75,000|-|111,276|-||111,276|
|Corporate donations of less than £100,000|235,089|707,352|-||942,441|277,405|708,418|-||985,823|
|Trust donations of less than £100,000|324,604|834,058|-||1,158,662|276,833|848,017|-||1,124,850|
|Individual donors|1,383,559|242,145|100,000||1,725,704|999,104|358,982|-||1,358,086|
|Gift Aid|53,371|-|-||53,371|322,993|30,000|-||352,993|
|**Statutory, university and school funding**|||||||||||
|Anglia Ruskin University|-|315,000|-||315,000|-|305,000|-||305,000|
|Bath, University of|-|281,669|-||281,669|-|281,668|-||281,668|
|Birmingham City University|-|125,000|-||125,000|-|125,000|-||125,000|
|Bristol, University of|-|219,568|-||219,568|-|240,798|-||240,798|
|University of Hull and University of York|-|233,816|-||233,816|-|36,413|-||36,413|
|King's College London|-|125,000|-||125,000|-|125,000|-||125,000|
|Leeds, University of|-|388,000|-||388,000|-|388,016|-||388,016|
|Liverpool, University of, the LFC Foundation, Everton in the
Community, and Steve Morgan Foundation|-|300,000|-||300,000|-|150,000|-||150,000|
|Manchester, University of|-|225,000|-||225,000|-|210,000|-||210,000|
|Newcastle University|-|122,500|-||122,500|-|82,500|-||82,500|
|Northumbria University|-|123,500|-||123,500|-|82,500|-||82,500|
|Nottingham, University of|-|375,000|-||375,000|-|375,000|-||375,000|
|Queens' College, Cambridge|-|180,000|-||180,000|-|180,000|-||180,000|
|Southampton, University of|-|125,000|-||125,000|-|125,000|-||125,000|
|University of East Anglia|-|300,000|-||300,000|-|300,000|-||300,000|
|University of Edinburgh and University of Glasgow|-|407,161|-||407,161|-|346,263|-||346,263|
|Warwick, University of|-|135,000|-||135,000|-|125,000|-||125,000|
|University donations of less than £100,000|-|541,918|-||541,918|-|378,918|-||378,918|
|Independent Schools|-|12,500|-||12,500|150,000|22,500|-||172,500|
||3,371,348|8,612,017|200,000||12,183,365|3,672,725|7,272,603|275,000||11,220,328|
In addition to the income disclosed in the table above, £71,328 legal and professional support was received through pro bono donations (year ended 31 August 2023: £53,758). Donated services are analysed as unrestricted income and expenditure within the financial statements.
**33**
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## **INTOUNI – REPORT AND FINANCIAL STATEMENTS**
## **4. Other trading activities**
|||**Unrestricted**|**Restricted**|**2024**|**Unrestricted**|**Restricted**|**2023**|
|---|---|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|**£**|**£**|
|Event income||-|24,295|24,295|24,257|122,609|146,866|
|||-|24,295|24,295|24,257|122,609|146,866|
|**5.**|**Investment Income**|**Investment Income**||||||
|||**Unrestricted**|**Restricted**|**2024**|**Unrestricted**|**Restricted**|**2023**|
|||**£**|**£**|**£**|**£**|**£**|**£**|
|Bank interest||170,846|-|170,846|82,862|-|82,862|
|Dividends||103,996|-|103,996|93,052|-|93,052|
|||274,842|-|274,842|175,914|-|175,914|
## **5. Investment Income**
**34**
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## **INTOUNI – REPORT AND FINANCIAL STATEMENTS**
## **6. Expenditure**
||**Staff costs**|**Direct costs**|**Total costs**|**Reallocation of**
**support /**|**2024**
**12 months**|
|---|---|---|---|---|---|
|||||**governance**
**costs**|**ended 31 Aug**|
||**£**|**£**|**£**|**£**|**£**|
|**Raising funds**||||||
|Costs of generating voluntary income|615,376|104,541|**719,917**|203,553|**923,470**|
|**Charitable activities**||||||
|IU Birmingham North|171,771|54,201|**225,972**|17,960|**243,932**|
|IU Bow|199,558|81,596|**281,154**|17,960|**299,114**|
|IU Bradford East|174,611|61,056|**235,667**|17,960|**253,627**|
|IU Brent|202,585|59,902|**262,487**|17,960|**280,447**|
|IU Brighton|172,507|68,419|**240,926**|17,960|**258,886**|
|IU Bristol East|181,322|78,012|**259,334**|17,960|**277,294**|
|IU Bristol South|173,326|58,816|**232,142**|17,960|**250,102**|
|IU Brixton|198,958|56,679|**255,637**|17,960|**273,597**|
|IU Clacton|177,748|77,611|**255,359**|17,960|**273,319**|
|IU Coventry|173,861|58,009|**231,870**|17,960|**249,830**|
|IU Craigmillar|176,907|63,946|**240,853**|17,960|**258,813**|
|IU East Ham|183,514|66,086|**249,600**|17,960|**267,560**|
|IU Govan|182,531|71,564|**254,095**|17,960|**272,055**|
|IU Great Yarmouth|176,898|77,728|**254,626**|17,960|**272,586**|
|IU Hackney Downs|192,384|59,254|**251,638**|17,960|**269,598**|
|IU Hackney South|194,356|54,468|**248,824**|17,960|**266,784**|
|IU Hammersmith|207,753|63,735|**271,488**|17,960|**289,448**|
|IU Haringey North|204,005|58,885|**262,890**|17,960|**280,850**|
|IU Hull|168,390|62,168|**230,558**|17,960|**248,518**|
|IU Kennington|201,731|54,394|**256,125**|17,960|**274,085**|
|IU Leeds East|176,014|63,124|**239,138**|17,960|**257,098**|
|IU Leeds South|182,800|64,698|**247,498**|17,960|**265,458**|
|IU Leeds Extension Project|149,782|61,242|**211,024**|17,960|**228,984**|
|IU Manchester North|169,166|58,718|**227,884**|17,960|**245,844**|
|IU Mary Hill|184,067|51,545|**235,612**|17,960|**253,572**|
|IU Newcastle|188,342|59,973|**248,315**|17,960|**266,275**|
|IU North Islington|194,546|65,064|**259,610**|17,960|**277,570**|
|IU North Liverpool|183,192|75,143|**258,335**|17,960|**276,295**|
|IU Norwich|187,315|57,676|**244,991**|17,960|**262,951**|
|IU Nottingham East|181,917|66,689|**248,606**|17,960|**266,566**|
|IU Nottingham West|163,138|55,826|**218,964**|17,960|**236,924**|
|IU North Kensington*|-|190,000|**190,000**|-|**190,000**|
|IU Nottingham Central|172,537|67,507|**240,044**|17,960|**258,004**|
|IU Oxford South East|178,778|56,239|**235,017**|17,960|**252,977**|
|IU Peterborough|176,056|61,123|**237,179**|17,960|**255,139**|
|IU Salford|183,378|61,043|**244,421**|17,960|**262,381**|
|IU Southampton West|165,423|66,729|**232,152**|17,960|**250,112**|
|IU Walworth|203,866|72,322|**276,188**|17,960|**294,148**|
|IU Weston-super-Mare|176,060|63,642|**239,702**|17,960|**257,662**|
|IU Kirkby|156,080|90,426|**246,506**|17,960|**264,466**|
|IU Leicester|140,019|80,935|**220,954**|17,960|**238,914**|
|IU Bridlington|48,591|66,507|**115,098**|11,973|**127,071**|
|IU Grimsby|59,400|66,755|**126,155**|11,973|**138,128**|
|IU Birmingham East|-|18,284|**18,284**|-|**18,284**|
|IU Middlesbrough|11,843|3,833|**15,676**|-|**15,676**|
|IU Boarding Schools Bursary Project|39,278|8,731|**48,009**|-|**48,009**|
|IU Bristol Expansion|30,148|8,673|**38,821**|-|**38,821**|
|IU Adult and Family Learning Project|4,949|-|**4,949**|-|**4,949**|
||7,421,401|2,948,976|**10,370,377**|742,346|**11,112,723**|
|||||||
|**Support costs**|662,948|195,006|**857,954**|(857,954)|**-**|
|||||||
|**Donated services**|-|71,328|**71,328**|-|**71,328**|
|**Governance costs**||||||
|External audit|-|19,140|**19,140**|(19,140)|**-**|
|Trustees’ indemnity insurance|-|964|**964**|(964)|**-**|
|Other costs|58,297|9,544|**67,841**|(67,841)|**-**|
||58,297|29,648|**87,945**|(87,945)|**-**|
|||||||
|**Total expenditure**|8,758,022|3,349,499|**12,107,521**|-|**12,107,521**|
*Total cost of **Into** University North Kensington provision within The ClementJames Centre was £331,414 (year to August 2023: £354,304), of which **Into** University contributed £190,000.
**35**
Docusign Envelope ID: 8B00408D-9BEC-43CA-980C-CBB0BAE53907Docusign Envelope ID: 07E69E50-E354-444B-8DED-2097BB37C2C7
## **INTOUNI – REPORT AND FINANCIAL STATEMENTS**
## **6. Expenditure (continued)**
||**Staff costs**|**Direct costs**|**Total costs**|**Reallocation of**
**support /**|**2023**
**12 months**|
|---|---|---|---|---|---|
|||||**governance**
**costs**|**ended 31 Aug**|
||**£**|**£**|**£**|**£**|**£**|
|**Raising funds**||||||
|Costs of generating voluntary income|546,936|68,327|**615,263**|178,403|**793,666**|
|**Charitable activities**||||||
|IU Birmingham North|163,426|52,685|**216,111**|15,363|**231,474**|
|IU Bow|189,502|76,042|**265,544**|15,363|**280,907**|
|IU Bradford East|160,653|62,932|**223,585**|15,363|**238,948**|
|IU Brent|179,743|62,198|**241,941**|15,363|**257,304**|
|IU Brighton|163,529|70,052|**233,581**|15,363|**248,944**|
|IU Bristol East|161,092|76,206|**237,298**|15,363|**252,661**|
|IU Bristol South|164,573|64,191|**228,764**|15,363|**244,127**|
|IU Brixton|192,853|57,089|**249,942**|15,363|**265,305**|
|IU Clacton|164,675|75,146|**239,821**|15,363|**255,184**|
|IU Coventry|160,884|59,949|**220,833**|15,363|**236,196**|
|IU Craigmillar|180,878|62,939|**243,817**|15,363|**259,180**|
|IU East Ham|164,839|69,292|**234,131**|15,363|**249,494**|
|IU Govan|183,751|72,053|**255,804**|15,363|**271,167**|
|IU Hackney Dow ns|180,576|67,106|**247,682**|15,363|**263,045**|
|IU Hackney South|193,685|62,113|**255,798**|15,363|**271,161**|
|IU Hammersmith|181,241|71,602|**252,843**|15,363|**268,206**|
|IU Haringey North|182,672|64,864|**247,536**|15,363|**262,899**|
|IU Kennington|183,742|58,556|**242,298**|15,363|**257,661**|
|IU Leeds East|161,604|61,039|**222,643**|15,363|**238,006**|
|IU Leeds South|148,023|67,222|**215,245**|15,363|**230,608**|
|IU Leeds Extension Project|163,162|61,902|**225,064**|15,363|**240,427**|
|IU Manchester North|168,374|64,731|**233,105**|15,363|**248,468**|
|IU Mary Hill|176,671|83,262|**259,933**|15,363|**275,296**|
|IU New castle|176,779|63,723|**240,502**|15,363|**255,865**|
|IU North Islington|185,602|69,630|**255,232**|15,363|**270,595**|
|IU North Liverpool|163,801|75,486|**239,287**|15,363|**254,650**|
|IU Norw ich|171,416|60,937|**232,353**|15,363|**247,716**|
|IU Nottingham East|170,058|72,437|**242,495**|15,363|**257,858**|
|IU Nottingham West|188,551|62,223|**250,774**|15,363|**266,137**|
|IU North Kensington*|-|190,000|**190,000**|-|**190,000**|
|IU Nottingham Central|171,713|62,173|**233,886**|15,363|**249,249**|
|IU Oxford South East|163,047|60,497|**223,544**|15,363|**238,907**|
|IU Southampton West|153,429|60,755|**214,184**|15,363|**229,547**|
|IU Walw orth|170,344|69,927|**240,271**|15,363|**255,634**|
|IU Weston-super-Mare|164,772|84,592|**249,364**|15,363|**264,727**|
|IU Great Yarmouth|157,490|105,155|**262,645**|15,363|**278,008**|
|IU Hull|161,166|70,310|**231,476**|15,363|**246,839**|
|IU Peterborough|136,702|81,469|**218,171**|15,363|**233,534**|
|IU Salford|164,716|75,781|**240,497**|15,363|**255,860**|
|IU Kirkby|12,271|9,407|**21,678**|-|**21,678**|
|IU Leicester|11,057|16,267|**27,324**|-|**27,324**|
|IU Boarding Schools Bursary Project|37,046|8,914|**45,960**|-|**45,960**|
|IU Bristol Expansion|59,268|9,214|**68,482**|-|**68,482**|
||6,589,376|2,832,068|**9,421,444**|583,794|**10,005,238**|
|||||||
|**Support costs**|568,370|127,629|**695,999**|(695,999)|**-**|
|||||||
|**Donated services**|-|53,758|**53,758**|-|**53,758**|
|**Governance costs**||||||
|External audit|-|17,400|**17,400**|(17,400)|**-**|
|Trustees’ indemnity insurance|-|897|**897**|(897)|**-**|
|Other costs|45,151|2,750|**47,901**|(47,901)|**-**|
||45,151|21,047|**66,198**|(66,198)|**-**|
|||||||
|**Total expenditure**|7,749,833|3,102,829|**10,852,662**|-|**10,852,662**|
**36**
Docusign Envelope ID: 8B00408D-9BEC-43CA-980C-CBB0BAE53907Docusign Envelope ID: 07E69E50-E354-444B-8DED-2097BB37C2C7
## **INTOUNI – REPORT AND FINANCIAL STATEMENTS**
## **6. Expenditure (continued)**
Support costs were constituted as follows:
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Staff costs|662,948|568,372|
|Other employment costs|17,084|10,740|
|Direct costs|177,922|116,887|
||857,954|695,999|
|**7.**
**Net income for the year**|||
|This is stated after charging:|||
||**2024**|**2023**|
||**£**|**£**|
|Operating lease payments - land and buildings|1,010,282|904,328|
|Operating lease payments - office equipment|20,844|22,478|
|Auditor's remuneration (including VAT)|19,140|17,400|
||1,050,266|944,206|
No expenses were reimbursed to Trustees in the current or prior year. No Trustee received remuneration in the current or prior year.
**37**
Docusign Envelope ID: 8B00408D-9BEC-43CA-980C-CBB0BAE53907Docusign Envelope ID: 07E69E50-E354-444B-8DED-2097BB37C2C7
## **INTOUNI – REPORT AND FINANCIAL STATEMENTS**
## **8. Staff costs and numbers**
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Salaries and wages|7,649,070|6,810,249|
|Social security costs|738,069|650,136|
|Pension contributions|370,883|289,448|
||8,758,022|7,749,833|
The average number of employees during the year was as follows:
|Projects and activities|218|199|
|---|---|---|
|Central functions|42|40|
||260|239|
|Employees who earned more than £60,000 p.a. were as follows:|||
||**2024**|**2023**|
|---|---|---|
||**No.**|**No.**|
|£60,000-£69,999|2|2|
|£70,000-£79,999|-|1|
|£90,000-£99,999|-|1|
|£100,000-£109,999|1|-|
||3|4|
Employer pension contributions made on behalf of these employees amounted to £14,169 (2023: £15,041).
The total employee benefits of the key management personnel of the charity were £316,839 (2023: £315,097).
## **9. Taxation**
The charity is exempt from tax on income and gains falling within the meaning of section 466 to section 493 of the Corporation Taxes Act 2010 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
**38**
Docusign Envelope ID: 8B00408D-9BEC-43CA-980C-CBB0BAE53907Docusign Envelope ID: 07E69E50-E354-444B-8DED-2097BB37C2C7
## **INTOUNI – REPORT AND FINANCIAL STATEMENTS**
## **10. Investments – managed funds**
|||**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
|Market value at start of period||2,889,764|2,421,944|
|Additions at cost||165,000|687,968|
|Disposal proceeds||-|(187,968)|
|Net gain/(loss) on revaluation for the period||330,119|(32,180)|
|Market value at period end||3,384,883|2,889,764|
|||||
|Historical cost at period end||3,019,080|2,854,080|
|**Analysis of holdings:**||||
|Shareholdings of more than 5% of the portfolio:||||
|||**2024**|**2023**|
|**Equity and Fixed Income Investments**|**Units**|**£**|**£**|
|BlackRock Charities Growth & Income Fund A Inc|695,910|773,338|721,686|
|BlackRock Charities UK Bond Fund A Inc|84,707|123,568|118,780|
|CCLA COIF Charities Fixed Interest Inc|106,090|133,355|126,162|
|iShares 100 UK Equity Index Fund (UK) D Acc|73,011|173,534|148,834|
|iShares Corporate Bond Index Fund (UK) D Acc|277,014|438,098|346,856|
|SUTL Cazenove Charity Equity Income Fund A Inc|1,336,517|1,327,028|1,065,140|
|SUTL Cazenove Charity Equity Value Fund A Inc|83,577|415,962|362,306|
|||3,384,883|2,889,764|
## **11. Debtors**
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Prepayments|86,275|90,395|
|Accrued income|307,508|240,037|
|Other debtors|42,934|36,763|
||436,717|367,195|
**39**
Docusign Envelope ID: 8B00408D-9BEC-43CA-980C-CBB0BAE53907Docusign Envelope ID: 07E69E50-E354-444B-8DED-2097BB37C2C7
## **INTOUNI – REPORT AND FINANCIAL STATEMENTS**
## **12. Creditors: Amounts falling due within one year**
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Deferred income|2,868,790|3,376,713|
|Social security and other taxes|195,116|178,850|
|Trade creditors and accruals|434,914|384,600|
||3,498,820|3,940,163|
Deferred income relates to grants and donations paid in advance of the period in which they are to be spent. These will be released according to their entitlement status in subsequent years.
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|**Analysis of deferred income:**|||
|Balance brought forward|3,376,713|1,959,783|
|Released to the SOFA during the year|(3,376,713)|(1,959,783)|
|Amount deferred during the year|2,868,790|3,376,713|
|Balance at 31 August|2,868,790|3,376,713|
## **13. Analysis of net assets between funds**
||**Designated**
**funds**|**Expendable**
**endowment**|**Permanent**
**endowment**|**Unrestricted**
**funds **|**Unrestricted**
**Restricted funds**|**2024**
**Total**|
|---|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|**£**|
|Equity investments|536,533 153,057 1,810,461 189,810 -|536,533 153,057 1,810,461 189,810 -|536,533 153,057 1,810,461 189,810 -|536,533 153,057 1,810,461 189,810 -|536,533 153,057 1,810,461 189,810 -|**2,689,861**|
|Fixed income investments|188,467 5,141 438,098 63,316 -|188,467 5,141 438,098 63,316 -|188,467 5,141 438,098 63,316 -|188,467 5,141 438,098 63,316 -|188,467 5,141 438,098 63,316 -|**695,022**|
|Long-term deposits|19,393 - - 1,337,507 -|19,393 - - 1,337,507 -|19,393 - - 1,337,507 -|19,393 - - 1,337,507 -|19,393 - - 1,337,507 -|**1,356,900**|
|Current assets|- - 85,000 3,286,492 3,293,692|- - 85,000 3,286,492 3,293,692|- - 85,000 3,286,492 3,293,692|- - 85,000 3,286,492 3,293,692|- - 85,000 3,286,492 3,293,692|**6,665,184**|
|Current liabilities|- - - (630,030)|- - - (630,030)|- - - (630,030)|- - - (630,030)|(2,868,790)|**(3,498,820)**|
|Net assets at 31 August|**744,393**|**158,198**|**2,333,559**|**4,247,095**|**424,902**|**7,908,147**|
||**Designated**
**funds**|**Expendable**
**endowment**|**Permanent**
**endowment**|**Unrestricted**
**funds **|**Unrestricted**
**Restricted funds**|**2023**
**Total**|
|---|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|**£**|
|Equity investments|593,816 133,641 1,530,120 40,388 -|593,816 133,641 1,530,120 40,388 -|593,816 133,641 1,530,120 40,388 -|593,816 133,641 1,530,120 40,388 -|593,816 133,641 1,530,120 40,388 -|**2,297,965**|
|Fixed income investments|233,492 4,901 346,856 6,550 -|233,492 4,901 346,856 6,550 -|233,492 4,901 346,856 6,550 -|233,492 4,901 346,856 6,550 -|233,492 4,901 346,856 6,550 -|**591,799**|
|Long-term deposits|19,393 - - 2,260,717 -|19,393 - - 2,260,717 -|19,393 - - 2,260,717 -|19,393 - - 2,260,717 -|19,393 - - 2,260,717 -|**2,280,110**|
|Current assets|- - 50,000 2,181,156 3,670,852|- - 50,000 2,181,156 3,670,852|- - 50,000 2,181,156 3,670,852|- - 50,000 2,181,156 3,670,852|- - 50,000 2,181,156 3,670,852|**5,902,008**|
|Current liabilities|- - - (563,450)|- - - (563,450)|- - - (563,450)|- - - (563,450)|(3,376,713)|**(3,940,163)**|
|Net assets at 31 August|**846,701**|**138,542**|**1,926,976**|**3,925,361**|**294,139**|**7,131,719**|
**40**
Docusign Envelope ID: 8B00408D-9BEC-43CA-980C-CBB0BAE53907Docusign Envelope ID: 07E69E50-E354-444B-8DED-2097BB37C2C7
## **INTOUNI – REPORT AND FINANCIAL STATEMENTS**
## **14. Movements in funds**
||**At 1 September**|||||||
|---|---|---|---|---|---|---|---|
||**2023**|**Unrealised**
**gains**|**Income**|**Expenditure**|**Transfers**|**At 31**
**August 2024**||
||**£**|**£**|**£**|**£**|**£**||**£**|
|**Restricted Funds:**||||||||
|IU Head Office|**80,406**|-|970,073|(922,196)|-|**128,283**||
|IU Birmingham North|**-**|-|136,972|(136,972)|-|**-**||
|IU Bow|**-**|-|136,646|(136,646)|-|**-**||
|IU Bradford East|**14,000**|-|229,325|(243,325)|-|**-**||
|IU Brent|**-**|-|91,768|(91,768)|-|**-**||
|IU Brighton|**-**|-|241,491|(241,491)|-|**-**||
|IU Bristol East|**-**|-|139,031|(139,031)|-|**-**||
|IU Bristol South|**-**|-|166,013|(166,013)|-|**-**||
|IU Brixton|**-**|-|86,103|(86,103)|-|**-**||
|IU Clacton|**-**|-|256,899|(256,899)|-|**-**||
|IU Coventry|**-**|-|148,104|(148,104)|-|**-**||
|IU Craigmillar|**72,361**|-|291,948|(258,798)|-|**105,511**||
|IU East Ham|**-**|-|29,875|(29,875)|-|**-**||
|IU Govan|**50,885**|-|291,963|(272,055)|-|**70,793**||
|IU Great Yarmouth|**-**|-|246,254|(246,254)|**-**|**-**||
|IU Hackney Downs|**-**|-|143,304|(143,304)|-|**-**||
|IU Hackney South|**-**|-|29,756|(29,756)|-|**-**||
|IU Hammersmith|**-**|-|109,435|(109,435)|-|**-**||
|IU Haringey North|**-**|-|197,359|(197,359)|-|**-**||
|IU Hull|**20,000**|-|248,971|(248,491)|**-**|**20,480**||
|IU Kennington|**-**|-|206,973|(206,973)|-|**-**||
|IU Leeds East|**-**|-|151,437|(151,437)|-|**-**||
|IU Leeds Extension Project|**-**|-|135,721|(135,721)|-|**-**||
|IU Leeds South|**-**|-|155,143|(155,143)|-|**-**||
|IU Manchester North|**-**|-|265,861|(245,844)|-|**20,017**||
|IU Mary Hill|**45,818**|-|285,104|(251,104)|-|**79,818**||
|IU Newcastle|**-**|-|265,918|(265,918)|-|**-**||
|IU North Islington|**-**|-|42,039|(42,039)|-|**-**||
|IU North Liverpool|**-**|-|210,874|(210,874)|-|**-**||
|IU Norwich|**-**|-|258,444|(258,444)|-|**-**||
|IU Nottingham Central|**-**|-|159,838|(159,838)|-|**-**||
|IU Nottingham East|**-**|-|143,595|(143,595)|-|**-**||
|IU Nottingham West|**-**|-|139,000|(139,000)|-|**-**||
|IU North Kensington|**-**|-|87,436|(87,436)|-|**-**||
|IU Oxford South East|**-**|-|134,414|(134,414)|-|**-**||
|IU Peterborough|**-**|-|253,952|(253,952)|**-**|**-**||
|IU Salford|**10,669**|-|206,141|(216,810)|**-**|**-**||
|IU Southampton West|**-**|-|240,754|(240,754)|-|**-**||
|IU Walworth|**-**|-|57,586|(57,586)|-|**-**||
|IU Weston-super-Mare|**-**|-|254,479|(254,479)|-|**-**||
|IU Kirkby|**-**|-|242,928|(242,928)|**-**|**-**||
|IU Leicester|**-**|-|226,205|(226,205)|**-**|**-**||
|IU Bridlington|**-**|-|118,010|(118,010)|**-**|**-**||
|IU Grimsby|**-**|-|102,972|(102,972)|**-**|**-**||
|IU Birmingham East|**-**|-|2,584|(2,584)|**-**|**-**||
|IU Middlesbrough|**-**|-|10,802|(10,802)|**-**|**-**||
|IU Boarding Schools Bursary Project|**-**|-|33,766|(33,766)|**-**|**-**||
|IU Bristol Expansion|**-**|-|52,347|(52,347)|**-**|**-**||
|IU Adult and Family Learning Project|**-**|-|699|(699)|**-**|**-**||
|**Total restricted funds**|**294,139**|**-**|**8,636,312**|**(8,505,549)**|**-**|**424,902**||
|**Unrestricted funds:**||||||||
|General funds|**3,925,361**|6,188|3,717,518|(3,601,972)|200,000|**4,247,095**||
|Designated funds|**846,701**|97,692|-|-|(200,000)|**744,393**||
|Expendable endowment|**138,542**|19,656|-|-||**158,198**||
|Permanent endowment|**1,926,976**|206,583|200,000|||**2,333,559**||
|**Total unrestricted funds**|**6,837,580**|**330,119**|**3,917,518**|**(3,601,972)**|**-**|**7,483,245**||
|||||||||
|**Net incoming resources and**
**unrealised gains**|**7,131,719**|**330,119**|**12,553,830**|**(12,107,521)**|**-**|**7,908,147**||
**41**
Docusign Envelope ID: 8B00408D-9BEC-43CA-980C-CBB0BAE53907Docusign Envelope ID: 07E69E50-E354-444B-8DED-2097BB37C2C7
## **INTOUNI – REPORT AND FINANCIAL STATEMENTS**
## **14. Movements in funds (continued)**
||**At 1**||||||||
|---|---|---|---|---|---|---|---|---|
||**September**
**2022**|**Unrealised**
**gains**||**Income**|**Expenditure**|**Transfers**|**At 31**
**August 2023**||
||**£**||**£**|**£**|**£**|**£**||**£**|
|**Restricted Funds:**|||||||||
|IU Head Office|**93,398**|-||766,049|(779,041)|-|**80,406**||
|IU Birmingham North|**-**|-||187,875|(187,875)|-|**-**||
|IU Bow|**-**|-||208,188|(208,188)|-|**-**||
|IU Bradford East|**-**|-||249,884|(235,884)|-|**14,000**||
|IU Brent|**-**|-||89,596|(89,596)|-|**-**||
|IU Brighton|**-**|-||48,331|(48,331)|-|**-**||
|IU Bristol East|**-**|-||133,653|(133,653)|-|**-**||
|IU Bristol South|**-**|-||145,290|(145,290)|-|**-**||
|IU Brixton|**-**|-||103,600|(103,600)|-|**-**||
|IU Clacton|**-**|-||131,686|(131,686)|-|**-**||
|IU Coventry|**-**|-||170,838|(170,838)|-|**-**||
|IU Craigmillar|**72,361**|-||256,799|(256,799)|-|**72,361**||
|IU East Ham|**-**|-||75,007|(75,007)|-|**-**||
|IU Govan|**50,885**|-||268,787|(268,787)|-|**50,885**||
|IU Hackney Downs|**-**|-||122,564|(122,564)|-|**-**||
|IU Hackney|**-**|-||81,304|(81,304)|-|**-**||
|IU Hammersmith|**-**|-||189,098|(189,098)|-|**-**||
|IU Haringey North|**-**|-||89,690|(89,690)|-|**-**||
|IU Kennington|**-**|-||248,276|(248,276)|-|**-**||
|IU Leeds East|**-**|-||129,237|(129,237)|-|**-**||
|IU Leeds Extension Project|**-**|-||139,712|(139,712)|-|**-**||
|IU Leeds South|**-**|-||130,319|(130,319)|-|**-**||
|IU Manchester North|**17,179**|-||227,039|(244,218)|-|**-**||
|IU Mary Hill|**42,094**|-||279,034|(275,310)|-|**45,818**||
|IU Newcastle|**-**|-||213,198|(213,198)|-|**-**||
|IU North Islington|**-**|-||91,475|(91,475)|-|**-**||
|IU North Liverpool|**-**|-||234,450|(234,450)|-|**-**||
|IU Norwich|**-**|-||244,957|(244,957)|-|**-**||
|IU Nottingham Central|**-**|-||130,838|(130,838)|-|**-**||
|IU Nottingham East|**-**|-||150,200|(150,200)|-|**-**||
|IU Nottingham West|**-**|-||133,252|(133,252)|-|**-**||
|IU North Kensington|**-**|-||89,392|(89,392)|-|**-**||
|IU Oxford South East|**-**|-||146,931|(146,931)|-|**-**||
|IU Southampton West|**-**|-||128,089|(128,089)|-|**-**||
|IU Walworth|**-**|-||92,912|(92,912)|-|**-**||
|IU Weston-super-Mare|**-**|-||180,186|(180,186)|-|**-**||
|IU Great Yarmouth|**-**|-||216,571|(216,571)|**-**|**-**||
|IU Hull|**-**|-||263,548|(243,548)|**-**|**20,000**||
|IU Peterborough|**-**|-||232,594|(232,594)|**-**|**-**||
|IU Salford|**-**|-||266,529|(255,860)|**-**|**10,669**||
|IU Kirkby|**-**|-||3,100|(3,100)|**-**|**-**||
|IU Leicester|**-**|-||3,908|(3,908)|**-**|**-**||
|IU Boarding Schools Bursary Project|**-**|-||32,744|(32,744)|**-**|**-**||
|IU Bristol Expansion|**-**|-||68,482|(68,482)|**-**|**-**||
|**Total restricted funds**|**275,917**|**-**||**7,395,212**|**(7,376,990)**|**-**|**294,139**||
|**Unrestricted funds:**|||||||||
|General funds|**3,498,186**|1,193||3,926,654|(3,475,672)|(25,000)|**3,925,361**||
|Designated funds|**835,157**|11,544||-|-|-|**846,701**||
|Expendable endowment|**133,861**|4,681||-|-|-|**138,542**||
|Permanent endowment|**1,676,574**|(49,598)||275,000||25,000|**1,926,976**||
|**Total unrestricted funds**|**6,143,778**|**(32,180)**||**4,201,654**|**(3,475,672)**|**-**|**6,837,580**||
||||||||||
|**Net incoming resources and**
**unrealised gains**|**6,419,695**|**(32,180)**||**11,596,866**|**(10,852,662)**|**-**|**7,131,719**||
**42**
Docusign Envelope ID: 8B00408D-9BEC-43CA-980C-CBB0BAE53907Docusign Envelope ID: 07E69E50-E354-444B-8DED-2097BB37C2C7
## **INTOUNI – REPORT AND FINANCIAL STATEMENTS**
## **14. Movements in funds (continued)**
Where donors have requested that their donations should be used to fund specific centres or activities, such amounts have been allocated as restricted funds as shown above.
There are £256,122 restricted funds relating to the charity’s centres in Scotland, £20,480 restricted funds relating to the centre in Hull, and £20,017 relating to funds raised specifically for the Manchester North centre.
Restricted funds of £128,283 carried forward in Head Office are made up of:
- £76,384 relating to central support roles
- £13,367 for site development work
- £12,265 relating to the Big City, Bright Future programme
- £11,810 relating to a fund in memory of Laura Duncalfe
- £11,513 funding for student work placements
- £2,944 relating to the Patrick Derham Scholarship
The charity holds a designated fund of £744,393 to provide the charity with additional financial security during its growth plan. The charity has an expendable endowment of £158,198 arising from legacies and donations made specifically for that purpose. The charity also has a permanent endowment of £2,333,559 to generate an ongoing income stream for the charity.
The Trustees decided to transfer £200,000 from the designated fund to the general fund during the year, in line with the expectation to utilise the designated fund over the course of the charity’s growth plan.
## **15. Accommodation**
The charity rents spaces for its head office and a number of its centres at rates not available on the open market. It is not possible to quantify the benefit.
## **16. Control**
The charity has no individual who can exercise ultimate control.
## **17. Related party transactions**
During the period the charity paid grants to The ClementJames Centre totalling £190,000 (year ended 31 August 2023: £190,000). £190,000 related to a grant for **Into** University North Kensington. Sophia Lewisohn was also a Trustee of The ClementJames Centre during the period. No Trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.
Total donations received from Trustees during the year were £1,201,194 (year ended 31 August 2023: £1,112,628).
At the year end, a balance of £2,254 was owed to The ClementJames Centre by the charity, and a balance of £7,793 was owed to the charity by The ClementJames Centre.
There were no other related party transactions during the year.
**43**
Docusign Envelope ID: 8B00408D-9BEC-43CA-980C-CBB0BAE53907Docusign Envelope ID: 07E69E50-E354-444B-8DED-2097BB37C2C7
## **INTOUNI – REPORT AND FINANCIAL STATEMENTS**
## **18. Operating Lease Commitments**
At the year end, the charity was committed to the following future annual minimum lease payments in respect of operating leases:
||**Land and buildings**|**Land and buildings**|**Office Equipment**|**Office Equipment**|
|---|---|---|---|---|
||**2024**|**2023**|**2024**|**2023**|
||**£**|**£**|**£**|**£**|
|In less than one year|618,356
607,232|607,232|8,291|16,384|
|In two to five years|1,061,581 1,301,319|1,061,581 1,301,319|6,922|4,231|
|In more than five years|- 14,521|- 14,521|-|-
-|
||**1,679,937 1,923,072**|**1,679,937 1,923,072**|**15,213**|**20,615**|
## **19. Members**
The ultimate control of the charity lies with the members who pledge to pay £1 in the event of the charity winding up. There were 11 members at 31 August 2024 (2023: 12).
## **20. Comparative Statement of Financial Activities (2023):**
||||||**2023 Total**|||
|---|---|---|---|---|---|---|---|
|||**Designated**
**funds**|**Expendable**
**Endowment General fund**|**Restricted**
**funds**|**(excluding**
**Permanent**|**Permanent**
**Endowment**|**2023 Total**|
||||||**Endowment)**|||
|||**£**|**£**
**£**|**£**|**£**|**£**|**£**|
||**Notes**|||||||
|**Income from:**||||||||
|Donations and legacies|**3**|- - 3,672,725 7,272,603 10,945,328|- - 3,672,725 7,272,603 10,945,328|- - 3,672,725 7,272,603 10,945,328|- - 3,672,725 7,272,603 10,945,328|275,000|11,220,328|
|Other trading activities|**4**|- - 24,257 122,609 146,866|- - 24,257 122,609 146,866|- - 24,257 122,609 146,866|- - 24,257 122,609 146,866|-|146,866|
|Investments|**5**|- - 175,914|- - 175,914|- 175,914|- 175,914|-|175,914|
|Donated services|**3**|- - 53,758|- - 53,758|- 53,758|- 53,758|-|53,758|
|**Total income**||- - 3|- - 3,926,654 7|654 7,395,212 11|212 11,321,866|275,000|11,596,866|
|**Expenditure on:**||||||||
|Raising funds|**6**|- - 793,666|- - 793,666|- 793,666|- 793,666|-|793,666|
|Charitable activities|**6**|- - 2,628,248 7,376,990 10,005,238|- - 2,628,248 7,376,990 10,005,238|- - 2,628,248 7,376,990 10,005,238|- - 2,628,248 7,376,990 10,005,238|-|10,005,238|
|Donated services|**6**|- - 53,758|- - 53,758|- 53,758|- 53,758|-|53,758|
|**Total expenditure**||- - 3|- - 3,475,672 7|672 7,376,990 10|990 10,852,662|-|10,852,662|
|||||||||
|**Net income before losses on**
**investments**|**7**|- - 450,982 18,222 469,204|- - 450,982 18,222 469,204|- - 450,982 18,222 469,204|- - 450,982 18,222 469,204|275,000|744,204|
|Net gains/(losses) on investments||11,544 4,681 1,193|11,544 4,681 1,193|- 17,418|- 17,418|(49,598)|(32,180)|
|**Net income**||11,544 4|544 4,681 452,175 18|175 18,222 486|222 486,622|225,402|712,024|
|Transfers between funds||- - (25,000)|- - (25,000)|- (25,000)|- (25,000)|25,000|-|
|**Funds brought forward**||835,157 133|157 133,861 3,498,186 275|186 275,917 4|917 4,743,121|1,676,574|6,419,695|
|||||||||
|**Total funds carried forward**||846,701 138,542 3,925,361 294,139 5,204,743|846,701 138,542 3,925,361 294,139 5,204,743|846,701 138,542 3,925,361 294,139 5,204,743|846,701 138,542 3,925,361 294,139 5,204,743|1,926,976|7,131,719|
**44**