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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 04834723 (England and Wales) REGISTERED CHARITY NUMBER: 1121305

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2022

for

City United Limited

(A Company Limited by Guarantee)

V & R Accountancy Services Chartered Certified Accountants Cropton House Three Tuns Lane Formby Merseyside L37 4AQ

City United Limited

Contents of the Financial Statements for the Year Ended 31 March 2022

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Notes to the Financial Statements 11 to 16

City United Limited (Registered number: 04834723)

Report of the Trustees for the Year Ended 31 March 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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) (effective 1 January 2019).

Our Vision

We believe that all children and young people should be able to feel safe, empowered to be happy and successful, and encouraged to follow their dreams.

Our Mission

Our mission is to provide support and guide young people aged 6 -25 to make and construct positive changes to their day-to-day lives. This is done through youth work, education, mentoring and coaching.

Our aims

Through our independent school, City United Academy, we aim to provide a safe, rounded educational provision for those young people whose learning pathway has taken a different route. We aim to accommodate the academic and well-being needs of those young people who have experienced difficulties in mainstream education.

Our dedicated and highly skilled team provide the support needed to allow our students to find their own self-identity and flourish in an environment where they feel secure and happy. We aim to create an enjoyable learning experience in which every student can overcome the challenges they have faced along their educational journey. Our shared values of re-engage, inspire and nurture help us to maximise our young people's outcomes as they enter adulthood.

This past year the team has strived to make up the shortfall in external services equipped to deal with the increase in mental health problems amongst our young people. The impact of the pandemic on the young peoples' physical and mental health, generated and exacerbated barriers to positive social interaction that caused severe self- esteem issues, increasing the vulnerability of the young people we engage.

Page 1

City United Limited (Registered number: 04834723)

Report of the Trustees

for the Year Ended 31 March 2022

OBJECTIVES AND ACTIVITIES Objectives and aims

Our objectives

In line with the Charity Commission's public benefit guide, this year we prioritised our objectives around not letting any young person become unnecessarily disadvantaged or unsafe. Our young people have experienced a revolving door of services throughout their lives which have been devoid of continuity. As such, specific objectives were put in place to combat the difficulties young people were facing following the pandemic:

In addition, the team ensures the continuity of:

The wellbeing of our team has always been of the utmost importance. We are still recovering from the pandemic and still finding the situation stressful as charitable funding has dwindled and has not been renewed. Inevitably, our team has faced adversity like no other. The Board of Trustees and the leadership team persevere with their main objectives:

Ofsted inspected the academy in May 2022 and recognised the impact of the work carried out by the team. The inspectors recognised that Pupils at City United Academy were provided with a second chance to succeed in education, having previously missed a lot of school and having significant gaps in their learning. They further recognised that the team took time to understand pupils' individual needs and provided strong guidance and support to overcome pupils' barriers to learning. They acknowledged that the strong relationships built up with the young people manifested a mutual respect and helped to diminish barriers to social exclusion and academic progress. They realised, something that the team already knew, that this mutual respect and trust between the service users and the team, would help young people to develop crucial skills needed for the next stage of their lives.

Ofsted recommended to The Department for Education that the academy could extend their cohort of young people to fifty, which will help to increase revenue.

Over a number of years we have evidenced that young people who use our services are not ready to move on to further education without the support of a key person. On most occasions, the young people drop out of further education due to the lack of equipment or poor mental health that is not addressed in their new setting. The accolade of a 'Good' Ofsted has meant we were awarded the status of sixth form by The Department of Education.

Page 2

City United Limited (Registered number: 04834723)

for the Year Ended 31 March 2022

Report of the Trustees

OBJECTIVES AND ACTIVITIES Activities for achieving objectives

Charity projects

Following the COVID-19 pandemic the lives of our young people and their families remain very hard. Some families lost loved ones and some families lost income due to job losses. Inevitably our families are still experiencing an increased impact on mental health and wellbeing. The projects sought to deal with the lack of self-worth amongst families and the agonising impact of significant family members being lost. This reduced vital support networks for some of our families. The charity was quick to respond, and prioritised action where it was needed most. Some of the achievements were:

Academic Achievements

Following the return to 'normal life' we saw a new wave of young people using our service. Most of them were not classed as vulnerable during the pandemic and therefore did not qualify for the school places offered to vulnerable young people. Consequently, their self-esteem and anxiety was at a critical level meaning these students were severely impacted by the nationwide closure of schools, due to the pandemic.

Students had become used to not attending school and families needed support to return to a routine. As part of this encouragement students were offered a hot breakfast when they arrived each day. Any parent arriving with them was also offered the opportunity to eat a hot breakfast and have a hot drink.

Attending school is a crucial protective factor to those young people experiencing multiple adverse childhood experiences, this is why the academy puts great importance and emphasis on school attendance as part of its comprehensive safeguarding measures. Support through charitable funding has extended the academic welfare officer and academic coach/mentor posts that assist in breaking down barriers to attending school and ensure that contextual safeguarding is applied to all students and young people that the charity works with.

For the 2021-22 academic year, City United Academy continued to offer Business and Citizenship, plus made an addition of Physical Education to its GCSE options to further enhance the choice and the curriculum offering at the school. This year students will continue to sit actual live examinations at their school.

It is widely recognised that a young person's emotional health and wellbeing influences their cognitive development and learning, as well as their physical and social health and their mental wellbeing in adulthood. As a school, CUA aims to promote every young person's wellbeing to ensure that they can reach their full potential.

CUA supports our young people's wellbeing through:

Page 3

City United Limited (Registered number: 04834723)

Report of the Trustees for the Year Ended 31 March 2022

OBJECTIVES AND ACTIVITIES

FINANCIAL REVIEW

Current position

The charity has enjoyed a steady strengthening of its financial position over the last few years. Through sustaining government contracts and securing funding for the charitable projects and services that we provide, the charity managed to continue with all planned operations and projects throughout the pandemic and deal with the additional costs that were incurred as a result. This has used some of the charity's reserves and the charity was required to access the support offered by the government in the form of the Bounce Back Loan Scheme (BBLS) and the Job Retention Scheme (JRS).

Principal funding sources

The organisation currently categorises its income into three main streams:

  1. Direct funding for education services for students at the Academy. This is either through arrangement with Multi Academy Trusts (MATs) or through Local Authority Special Educational Needs services. All funding received through this stream is used for educational purposes.

  2. Restricted funds for charity projects obtained through application. All funding secured through this stream is used on specific projects that the charity runs over finite periods of time. Funding can be to cover the whole cost of a project or part of it, with some grants being combined to cover different delivery aspects of a project. Generous funding from BBC's Children in Need has supported several crucial projects over the last few years, and they continue to fund projects for this coming financial year.

  3. Unrestricted funds through donations from charitable trust. Unrestricted funds are used to supplement educational and community services that City United Limited provides. Examples can be one off costs, on-going operational costs or additional costs incurred from the educational service or community projects. These funds are vital to the work that we carry out within our community and allow us to adapt to the changing needs of our young people as we see best. The Board of Trustees and all at City United Limited would like to thank The Tuixen Foundation for their continued support, whose grant money has been integral to the vital support that we have been able to provide throughout 2021-22.

As the charity moves forward the Board of Trustees will be working with the leadership team to source additional streams of income, namely from fundraising activities and by growing awareness of the charity in the local community and further afield.

As a charity, City United Limited is exempt from tax on income and gains provided these are used for educational and charitable purposes in line with our charitable aims. Our charitable status entitles us to an 80% reduction on our business rates on the property we occupy for charitable purposes. The financial benefits we receive through these tax exemptions assist the charity indirectly to carry out its educational and community projects.

Investment policy

The return of the charity to a position of surplus has enabled the Trustee's to formulate an investment policy considering emerging trends and opportunities. The organisation has again decided that investment in our people will provide the greatest benefit to the people we serve through the services we provide. Continuing Professional Development has been a priority for the independent school this year, to enable compliance with current teaching trends, legislation and improve the education service provided to the young people.

Page 4

City United Limited (Registered number: 04834723)

Report of the Trustees

for the Year Ended 31 March 2022

FINANCIAL REVIEW

Reserve's policy

The Board of the charity continue to examine the charity's requirements for reserves in light of the main risks to the organisation. It maintains a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity, should be between 3 and 6 months of expenditure. Recovering from the financial effects of COVID-19 has meant using some of the reserves at times; however, the Board and the leadership team have worked hard to return the reserve levels back to those set out in the policy. The Board is maintaining stringent controls on costs as a key strategy for delivering sustained growth as the organisation continues to feel the effects of the pandemic and looks to the future.

FUTURE PLANS

As the charity recovers from the uncertainty following the pandemic, focus will be on maintaining the current provisions and services that the charity offers whilst ensuring the financial survival of the organisation. Plus securing new business from gaining a 'Good' grade and extending the cohort to fifty. This is in addition to extending the age range that the academy is registered for that will slow down the falling numbers at the end of each academic year. The charity has already experienced the effects of public spending cuts and an economic downturn will inevitably affect revenue streams, fundraising opportunities and donations. The Trustees and senior leadership of the organisation will position the charity's funding strategy and expenditure in accordance with the risk model that has been created.

The addition of Adam Simcox, an independent financial advisor in the private sector continues to support the Board of Trustees to stay strong by providing financial advice and guidance, throughout the recovery process.

We continue to prioritise the development of our independent school in light of sustained demand and an obvious need associated with already disrupted and challenging school experiences for increasing numbers of local vulnerable young people. We now cater for a majority of children with special educational needs (SEN). We have established this position based on evidential need and following extensive consultations with parents, Sandwell and Birmingham SENAR, local secondary schools and the local authority's YOT service. We are also responding to the demographic projections sourced by SENAR and public health that the city will experience increased levels of SEN amongst children over the next 10-years. To this end the charity has made progressive relationships with Birmingham Education Support Services to bridge the gap between those students requiring special educational support and access to the services that will assist them on their educational journey.

Our founding principle of 'hard work + aspirations = success' is maintained by investing in both targeted and open-access youth provision and by providing formal and informal educational support that builds resilience, capabilities and leaves no child behind. This means that we seek to maintain our key focus on disadvantaged children, young people and their families in all the key activities listed above.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Legal form and governing document

The organisation is a charity limited by guarantee, incorporated on 16th July 2003 and registered as a charity on 19th October 2007. The organisation was established under a Memorandum of Association that sets out the objectives and the powers of the charitable association and is governed under its Articles of Association. In the event of the organisation being wound up, members are required to contribute an amount not exceeding £10.

Method of appointment or election of Trustees

All Trustees give their time freely and no remuneration or expenses were paid during the year.

New Board members are appointed by existing Board of Trustees. We invite senior business people from our local community to consider joining the Board of Trustees and also encourage our young people to apply for positions on our Board.

The Board wants to maximise its effectiveness and to this end it has established the following required skills and experience to be present in its composition:

Page 5

City United Limited (Registered number: 04834723)

for the Year Ended 31 March 2022

Report of the Trustees

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

04834723 (England and Wales)

Registered Charity number 1121305

Registered office

10 Warwick House Edward Street Birmingham B1 2RX

Trustees

Mrs J Plummer Ms B Scrivens Mrs D O'Connor Mr A J Simcox

Independent Examiner

Mr G J Rummens FCCA V & R Accountancy Services Chartered Certified Accountants Cropton House Three Tuns Lane Formby Merseyside L37 4AQ

Approved by order of the board of trustees on 9 December 2022 and signed on its behalf by:

Mrs J Plummer - Trustee

Page 6

Independent Examiner's Report to the Trustees of City United Limited

Independent examiner's report to the trustees of City United Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCCA which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr G J Rummens FCCA V & R Accountancy Services Chartered Certified Accountants Cropton House Three Tuns Lane Formby Merseyside L37 4AQ

9 December 2022

Page 7

City United Limited

Statement of Financial Activities

for the Year Ended 31 March 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities
303,410
COVID support and JRS
53,476
Total
356,886
EXPENDITURE ON
Charitable activities
Charitable activities
374,345
Support Costs
8,838
Total
383,183
NET INCOME/(EXPENDITURE)
(26,297)
RECONCILIATION OF FUNDS
Total funds brought forward
104,795
TOTAL FUNDS CARRIED FORWARD
78,498		 Restricted
funds
£
56,494
-
56,494
61,100
-
61,100
(4,606)
4,606
-		 31.3.22
Total
funds
£
359,904
53,476
413,380
435,445
8,838
444,283
(30,903)
109,401
78,498		 31.3.21
Total
funds
£
397,285
24,761
422,046
383,317
8,880
392,197
29,849
79,552
109,401

The notes form part of these financial statements

Page 8

City United Limited (Registered number: 04834723)

Balance Sheet

31 March 2022

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
5
24,834
CURRENT ASSETS
Debtors
6
12,345
Cash at bank and in hand
115,162
127,507
CREDITORS
Amounts falling due within one year
7
(28,284)
NET CURRENT ASSETS
99,223
TOTAL ASSETS LESS CURRENT
LIABILITIES
124,057
CREDITORS
Amounts falling due after more than one year
8
(45,559)
NET ASSETS
78,498
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
-
-
-
-
-
-		 31.3.22
Total
funds
£
24,834
12,345
115,162
127,507
(28,284)
99,223
124,057
(45,559)
78,498
78,498
-
78,498		 31.3.21
Total
funds
£
14,050
3,289
155,806
159,095
(13,744)
145,351
159,401
(50,000)
109,401
104,795
4,606
109,401

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 9

City United Limited (Registered number: 04834723)

Balance Sheet - continued 31 March 2022

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 9 December 2022 and were signed on its behalf by:

Mrs J Plummer - Trustee

The notes form part of these financial statements

Page 10

City United Limited

Notes to the Financial Statements for the Year Ended 31 March 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 11

City United Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.22 31.3.21
£ £
Depreciation - owned assets 4,014 4,684

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

4. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Employees		 31.3.22
£
276,077
19,078
4,753
299,908
31.3.22
13		 31.3.21
£
240,572
17,349
4,410
262,331
31.3.21
11

No employees received emoluments in excess of £60,000.

5. TANGIBLE FIXED ASSETS

Fixtures
and
fittings
£
COST
At 1 April 2021
97,816
Additions
3,494
At 31 March 2022
101,310
DEPRECIATION
At 1 April 2021
93,426
Charge for year
1,170
At 31 March 2022
94,596
NET BOOK VALUE
At 31 March 2022
6,714
At 31 March 2021
4,390		 Motor
Computer
vehicles
equipment
Totals
£
£
£
7,620
10,963
116,399
-
11,304
14,798
7,620
22,267
131,197
2,024
6,899
102,349
1,399
1,445
4,014
3,423
8,344
106,363
4,197
13,923
24,834
5,596
4,064
14,050		 Motor
Computer
vehicles
equipment
Totals
£
£
£
7,620
10,963
116,399
-
11,304
14,798
7,620
22,267
131,197
2,024
6,899
102,349
1,399
1,445
4,014
3,423
8,344
106,363
4,197
13,923
24,834
5,596
4,064
14,050
24,834
14,050

continued...

Page 12

City United Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£ £
Trade debtors 9,890 2,215
Prepayments 2,455 1,074
12,345 3,289
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£ £
Bank loans and overdrafts (see note 9) 4,850 -
Social security and other taxes 6,918 5,995
Other creditors 1,208 -
Deferred income 11,108 3,549
Accrued expenses 4,200 4,200
28,284 13,744
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
£ £
Bank loans (see note 9) 45,559 50,000
9. LOANS
An analysis of the maturity of loans is given below:
31.3.22 31.3.21
£ £
Amounts falling due within one year on demand:
Bank loans 4,850 -
Amounts falling between one and two years:
Bank loans - 1-2 years 5,822 4,167
Amounts falling due between two and five years:
Bank loans - 2-5 years 17,460 20,000
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal 22,277 25,833

continued...

Page 13

City United Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

10. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Children in Need 2
Tesco groundworks
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
BCC Recruitment
Children in Need 2
Tesco groundworks
Learning Curve Group
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Children in Need 1
Big Lottery Awards
Children in Need 2
Tesco groundworks
TOTAL FUNDS		 At 1.4.21
£
104,795
3,695
911
4,606
109,401
Incoming
resources
£
356,886
4,500
23,900
-
28,094
56,494
413,380
At 1.4.20
£
68,779
2,476
2,808
5,489
-
10,773
79,552		 Net
movement
At
in funds
31.3.22
£
£
(26,297)
78,498
(3,695)
-
(911)
-
(4,606)
-
(30,903)
78,498
Resources
Movement
expended
in funds
£
£
(383,183)
(26,297)
(4,500)
-
(27,595)
(3,695)
(911)
(911)
(28,094)
-
(61,100)
(4,606)
(444,283)
(30,903)
Net
movement
At
in funds
31.3.21
£
£
36,016
104,795
(2,476)
-
(2,808)
-
(1,794)
3,695
911
911
(6,167)
4,606
29,849
109,401

continued...

Page 14

City United Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

10. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Children in Need 1
Big Lottery Awards
Children in Need 2
CAF
Tesco groundworks
TOTAL FUNDS		 Incoming
resources
£
374,222
14,856
-
12,479
19,489
1,000
47,824
422,046		 Resources
Movement
expended
in funds
£
£
(338,206)
36,016
(17,332)
(2,476)
(2,808)
(2,808)
(14,273)
(1,794)
(19,489)
-
(89)
911
(53,991)
(6,167)
(392,197)
29,849		 Resources
Movement
expended
in funds
£
£
(338,206)
36,016
(17,332)
(2,476)
(2,808)
(2,808)
(14,273)
(1,794)
(19,489)
-
(89)
911
(53,991)
(6,167)
(392,197)
29,849
(6,167)
29,849

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Children in Need 1
Big Lottery Awards
Children in Need 2
TOTAL FUNDS		 At 1.4.20
£
68,779
2,476
2,808
5,489
10,773
79,552		 Net
movement
in funds
£
9,719
(2,476)
(2,808)
(5,489)
(10,773)
(1,054)		 At
31.3.22
£
78,498
-
-
-
-
78,498

Page 15

continued...

City United Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Children in Need 1
BCC Recruitment
Big Lottery Awards
Children in Need 2
CAF
Tesco groundworks
Learning Curve Group
TOTAL FUNDS		 Incoming
resources
£
731,108
14,856
4,500
-
36,379
19,489
1,000
28,094
104,318
835,426		 Resources
Movement
expended
in funds
£
£
(721,389)
9,719
(17,332)
(2,476)
(4,500)
-
(2,808)
(2,808)
(41,868)
(5,489)
(19,489)
-
(1,000)
-
(28,094)
-
(115,091)
(10,773)
(836,480)
(1,054)

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page 16