OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-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 2023

for

City United Limited

(A Company Limited by Guarantee)

V & R Accountancy Services Limited 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 2023

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 2023

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 2023. 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 or have a comorbidity of special educational needs.

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.

Page 1

City United Limited (Registered number: 04834723)

Report of the Trustees

for the Year Ended 31 March 2023

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 encouraging young people to engage with the outside world again. Our objectives have centred around building positive relationships and fostering high self-efficacy and self-esteem in our young people.

Our programmes of work have aimed to promote safe and healthy relationships, avoiding any young person becoming 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. The Board of Trustees and the leadership team persevere with their main objectives:

Following the successful Ofsted Report that recognised the impact of the work carried out by the team, The team have continued to provide young people with the opportunity to succeed in education. Some young people have previously missed a lot of school and significant gaps in their learning is now being identified. At City United the Team understand pupils' individual needs and provide strong guidance and support to overcome pupils' barriers to learning.

The Team have continued to build strong relationships with the young people manifested a mutual respect helping to diminish barriers to social exclusion and academic progress. Ofsted recognised The Team build a mutual respect and trust between the service users and the team, which helps young people to develop crucial skills needed for the next stage of their lives.

Since 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, we have been able to build our offer of provision and promote our offer to other authorities.

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. City United has now been able to offer educational places to 16-18 year olds. To date, two young people have rejoined us following initially leaving City United in year 11. Both have now accessed work experience and are ready to take external examinations.

Page 2

City United Limited (Registered number: 04834723)

for the Year Ended 31 March 2023

Report of the Trustees

OBJECTIVES AND ACTIVITIES Activities for achieving objectives

Charity projects

The projects returned to face to face activities which allowed the charity to build on positives from previous years and jump straight into what had worked well. The sessions achieved their goal of improving life styles by supporting the need for a healthy diet within a tight budget.

Participants were able to explore and some of the achievements were:

City United noted that Participants who were of a similar age began to form friendships. These friendships were nurtured and the sessions were able to help participants to understand the expectations in relationships, how some relationships can be toxic and one party can be exploited. The sessions filtered myths about different types of relationships such as family units and romantic relationships. This allowed the participants to safely explore the opportunity of forming trusting relationships and expand their circle of friends and make links to positive adults in their lives.

Academic Achievements

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 2022-23 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 returned to sitting 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:

- Broad PSHE Curriculum: CUA are proud to offer young people a broad PSHE curriculum which incorporates a range of topics that contribute to a young person's wellbeing, these include healthy relationships, family support, health and personal safety, behaving to achieve, rights and responsibilities, factors that affect mental health, domestic abuse, sexual consent and suppo rt available to young people.

- One to One Mentoring Sessions: Our young people are offered one-to-one mentoring sessions with our mentoring lead. These sessions provide an opportunity for our young people to discuss any problems they may be experiencing in a comfortable setting. This information is then discussed in our daily staff meetings where we will discuss what support can be put in place, what can be adapted in the young person's day to improve their wellbeing, further mentoring sessions to be organised and nec essary communication with external sources (Barnardos, NSPCC, YoungMinds etc).

- Group Mentoring Sessions: Our young people are encouraged to participate in the timetabled group mentoring sessions. The topics discussed are the most prevalent at the time. The sessions are designed to raise awareness of situations that young people can find themselves in without realising. The most relevant topic relates to contextual safeguarding. The young people are given the opportunity to hear from adults who have worked alongside young people who have been coerced into a criminal life by 'friends.'

Page 3

City United Limited (Registered number: 04834723)

Report of the Trustees

for the Year Ended 31 March 2023

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 has continued with all planned operations and projects. This has used some of the charity's reserves and the charity was thankful that it had accessed the support offered by the government in the form of the Bounce Back Loan Scheme (BBLS).

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.

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.

In addition City United Limited has purchased two further interactive touch screens for the classrooms to enhance the educational offer.

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. Following the Pandemic, 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.

Page 4

City United Limited (Registered number: 04834723)

Report of the Trustees

for the Year Ended 31 March 2023

FUTURE PLANS

As the charity has continued to recover from an uncertain climate, 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. We are now in the early stages of receiving commissions from three local authorities Special Educational needs Departments.

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:

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)

Page 5

City United Limited (Registered number: 04834723)

Report of the Trustees for the Year Ended 31 March 2023

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 Limited Chartered Certified Accountants Cropton House Three Tuns Lane Formby Merseyside L37 4AQ

Approved by order of the board of trustees on 11 December 2023 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 2023.

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 member of the Association of Chartered Certified Accountants, 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 Limited Chartered Certified Accountants Cropton House Three Tuns Lane Formby Merseyside L37 4AQ

11 December 2023

Page 7

City United Limited

Statement of Financial Activities

for the Year Ended 31 March 2023

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities
351,144
COVID support and JRS
-
Investment income
2
130
Other income
800
Total
352,074
EXPENDITURE ON
Charitable activities
Charitable activities
372,386
Support Costs
10,380
Total
382,766
NET INCOME/(EXPENDITURE)
(30,692)
RECONCILIATION OF FUNDS
Total funds brought forward
78,498
TOTAL FUNDS CARRIED FORWARD
47,806		 Restricted
funds
£
19,803
-
-
-
19,803
14,223
-
14,223
5,580
-
5,580		 31.3.23
Total
funds
£
370,947
-
130
800
371,877
386,609
10,380
396,989
(25,112)
78,498
53,386		 31.3.22
Total
funds
£
359,904
53,476
-
-
413,380
435,445
8,838
444,283
(30,903)
109,401
78,498

The notes form part of these financial statements

Page 8

City United Limited (Registered number: 04834723)

Balance Sheet

31 March 2023

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
6
27,991
CURRENT ASSETS
Debtors
7
32,144
Cash at bank and in hand
41,963
74,107
CREDITORS
Amounts falling due within one year
8
(14,530)
NET CURRENT ASSETS
59,577
TOTAL ASSETS LESS CURRENT
LIABILITIES
87,568
CREDITORS
Amounts falling due after more than one year
9
(39,762)
NET ASSETS
47,806
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
5,580
5,580
-
5,580
5,580
-
5,580		 31.3.23
Total
funds
£
27,991
32,144
47,543
79,687
(14,530)
65,157
93,148
(39,762)
53,386
47,806
5,580
53,386		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 2023

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 11 December 2023 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 2023

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 2023

2. INVESTMENT INCOME

INVESTMENT INCOME
31.3.23 31.3.22
£ £
Deposit account interest 130 -
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.23 31.3.22
£ £
Depreciation - owned assets 6,833 4,014
Surplus on disposal of fixed assets (800) -

3. NET INCOME/(EXPENDITURE)

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

5. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Employees		 31.3.23
£
240,723
17,011
5,072
262,806
31.3.23
10		 31.3.22
£
276,077
19,078
4,753
299,908
31.3.22
13

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

continued...

Page 12

City United Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

6. TANGIBLE FIXED ASSETS

Fixtures
and
Motor
fittings
vehicles
£
£
COST
At 1 April 2022
101,310
7,620
Additions
-
9,990
At 31 March 2023
101,310
17,610
DEPRECIATION
At 1 April 2022
94,596
3,423
Charge for year
1,678
1,674
At 31 March 2023
96,274
5,097
NET BOOK VALUE
At 31 March 2023
5,036
12,513
At 31 March 2022
6,714
4,197
7.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 10)
Social security and other taxes
Other creditors
Deferred income
Accrued expenses		 Computer
equipment
£
22,267
-
22,267
8,344
3,481
11,825
10,442
13,923
31.3.23
£
29,837
2,307
32,144
31.3.23
£
5,900
4,430
-
-
4,200
14,530		 Totals
£
131,197
9,990
141,187
106,363
6,833
113,196
27,991
24,834
31.3.22
£
9,890
2,455
12,345
31.3.22
£
4,850
6,918
1,208
11,108
4,200
28,284

continued...

Page 13

City United Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Bank loans (see note 10)
10.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
11.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Children in Need 2
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Children in Need 2
Learning Curve Group
TOTAL FUNDS		 At 1.4.22
£
78,498
-
78,498
Incoming
resources
£
352,074
10,307
9,496
19,803
371,877		 31.3.23
31.3.22
£
£
39,762
45,559
31.3.23
31.3.22
£
£
5,900
4,850
5,900
5,822
17,728
17,460
16,134
22,277
Net
movement
At
in funds
31.3.23
£
£
(30,692)
47,806
5,580
5,580
(25,112)
53,386
Resources
Movement
expended
in funds
£
£
(382,766)
(30,692)
(4,727)
5,580
(9,496)
-
(14,223)
5,580
(396,989)
(25,112)

continued...

Page 14

City United Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.4.21
£
Unrestricted funds
General fund
104,795
Restricted funds
Children in Need 2
3,695
Tesco groundworks
911
4,606
TOTAL FUNDS
109,401
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
356,886
Restricted funds
BCC Recruitment
4,500
Children in Need 2
23,900
Tesco groundworks
-
Learning Curve Group
28,094
56,494
TOTAL FUNDS
413,380		 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)		 At
31.3.22
£
78,498
-
-
-
78,498
(4,606)
(30,903)

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

Net
movement At
At 1.4.21 in funds 31.3.23
£ £ £
Unrestricted funds
General fund 104,795 (56,989) 47,806
Restricted funds
Children in Need 2 3,695 1,885 5,580
Tesco groundworks 911 (911) -
4,606 974 5,580
TOTAL FUNDS 109,401 (56,015) 53,386

Page 15

continued...

City United Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

11. 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
BCC Recruitment
Children in Need 2
Tesco groundworks
Learning Curve Group
TOTAL FUNDS		 Incoming
resources
£
708,960
4,500
34,207
-
37,590
76,297
785,257		 Resources
Movement
expended
in funds
£
£
(765,949)
(56,989)
(4,500)
-
(32,322)
1,885
(911)
(911)
(37,590)
-
(75,323)
974
(841,272)
(56,015)

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

Page 16