**Registered number: 06739988 Charity number: 1133286**
## **UNITAS**
**(A company limited by guarantee)**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2021**
## **UNITAS**
## **(A company limited by guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the company, its Trustees and advisers**|1|
|**Trustees' report**|2 - 7|
|**Independent auditors' report on the financial statements**|8 - 11|
|**Consolidated statement of financial activities**|12|
|**Consolidated balance sheet**|13|
|**Company balance sheet**|14|
|**Consolidated statement of cash flows**|15|
|**Notes to the financial statements**|16 - 33|
**(A company limited by guarantee)**
## **UNITAS**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021**
|**Trustees**|Philip Clapp, Joint Chair|
|---|---|
||Nicola Lowit, Joint Chair|
||Erica Crump|
|**Company registered**
**number**
06739988
**Charity registered**
**number**
1133286
**Registered office**
King Street House
15 Upper King Street
Norwich
NR3 1RB
**Chief executive officer**
Martin Stephenson
**Independent auditors**
Larking Gowen LLP
Chartered Accountants
Statutory Auditors
King Street House
15 Upper King Street
Norwich
NR3 1RB
**Bankers**
The Co-Operative Bank PLC
PO Box 250
Skelmersdale||
Page 1
**UNITAS (A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021**
The Trustees present their annual report together with the audited financial statements of the group and the company for the year 1 April 2019 to 31 March 2020. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), 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).
Since the company and the group qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.
At the date of this report, the Trustees are encouraged by the charity’s resilience to date in light of the Covid-19 crisis, and its ability to continue to provide a range of charitable activity to its beneficiaries throughout the crisis.
## **Objectives and activities**
## **a. Policies and objectives**
Unitas is a company limited by guarantee and a registered charity.
Its purpose is set out in the Memorandum of Association, as amended in 2017:
To act as a resource for people, in particular but not limited to young people, in the UK and worldwide by providing advice and assistance and organising programmes of physical, educational and other activities as a means of:
- advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals;
- • advancing education;
- relieving unemployment;
- providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons.
Unitas intends to achieve its objects by working in collaboration with other organisations to deliver products and services. Unitas will maintain quality of delivery through products and services being devised and refined according to the best available evidence, and with constant improvement and innovation being a priority for the organisation.
Page 2
## **UNITAS**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
## **Objectives and activities (continued)**
## **b. Activities undertaken to achieve objectives**
All activities undertaken by Unitas during the year 2020-2021 have sought to further its charitable purposes for the public benefit. We adopt varied approaches to engaging young people and seek to support those staff who work to engage young people.
Principal charitable activities during this period (conducted by Unitas and Unitas Academy) have included:
- Summer Arts Colleges for young people
- Delivery of the Youth Justice Effective Practice Certificate (YJEPC)
- Delivery of the Foundation Degree in Youth Justice (FDYJ)
- Delivery to BA Hons level in Social Policy, Management & Coaching and Youth Justice
- Delivery to BA Hons level in Crime, Criminology and Criminal Justice (CCCJ)
- Research and evaluation which informs our continuing activities.
The Trustees have complied with the duty in the Charities Act 2006 to have due regard to the public benefit guidance published by the Commission. Unitas works with beneficiaries and young people from all backgrounds - economic status, gender, ethnicity, race, religion or disability do not form part of any assessment processes. Our activities listed below illustrate how the charity provides public benefit.
Unitas is an equal opportunity organisation which is committed to working in a manner that is free from any form of discrimination on the grounds of colour, race, ethnicity, religion, sex, sexual orientation or disability.
## **Achievements and performance**
## **a. Review of activities**
Our objects were principally achieved through the programmes and services listed below. The main achievements and performance of Unitas during the year have included management of:
**Summer Arts Colleges** - working in partnership with Youth Offending Teams and arts organisations during the pandemic to deliver education projects for young people at risk of offending. Due to restrictions on face-to-face sessions, the delivery of this successful model now in its twelfth year was moved online for the majority of the sites. This necessitated extending the timeline into the Autumn and Winter with the full support of Arts Council England.
**Unitas Academy** - the Foundation Degree in Youth Justice (FDYJ), validated by the University of Suffolk continued into its fourth year with two new cohorts commencing, with students from Cohort 3 and Cohort 4 completing their qualification this year.
In addition, Cohort 3 of the BA in Social Policy completed with a fourth cohort now underway.
The third cohort of Managing & Coaching in Youth Justice (MCYJ) commenced in September 2020.
The Youth Justice Effective Practice Certificate (YJEPC) undertook two additional cohorts in June and January due to the demand from employers for staff training during the lockdown period.
Research and evaluation activities continue through rigorous evaluation of our programmes and development of additional research projects.
Page 3
**UNITAS**
**(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
## **Achievements and performance (continued)**
## **b. Factors relevant to achieve objectives**
The environmental factors of Covid-19 have continued to be felt throughout 2020 and are continuing into 2021. The requirement to adhere to Government guidelines for home working have tested our systems, but the organisation has proven to be resilient and all Unitas scheduled courses continue without interruption, with adaptations being made to continue unbroken delivery. The financial context continues to be challenging for charities such as Unitas as charitable trusts are seeing unprecedented demands on their funds, making it all the more difficult for fundraising. Our medium-term future will rely on a continuing substantial shift towards income derived from sales augmented by investment funding from charitable trusts and arts agencies.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
## **b. Review**
The year saw a surplus of £100,671 (2020: £15,191). After a successful pilot in 2017, we contracted with HMPPS to deliver 1250 places on the Foundation Degree in Youth Justice (FDYJ) over the next 5 years, which started from April 2018. In addition to the FDYJ we are contracted until 2022 to deliver 100 places on the Managing & Coaching in Youth Justice (MCYJ) BA and 20 places on the Independent Review Module (IRM) BA Hons. This meant a significant increase in sales to reduce the reliance on grant funding.
## **c. Reserves policy**
Our current level of unrestricted funds is £375,697 (2020: £275,026). We have a target of £450,000, equating to 6 months’ worth of costs and investment funds of £100,000. However, whilst we continue to undergo a period of growth and high investment in new courses it has been appropriate to go below this target. As we earn income from the new courses, we expect to return to our target reserves in 2022.
## **d. Principal funding**
Income is largely derived from sales of courses with less dependency on grant funding consistent with our strategic plan.
## **e. Material investments policy**
Unitas does not hold any investments, cash is held in UK bank accounts.
Page 4
**(A company limited by guarantee)**
## **UNITAS**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
## **Structure, governance and management**
## **a. Constitution**
Unitas is a charitable company limited by guarantee, incorporated as a company in England and Wales in November 2008 and registered as a charity in December 2009. The company was established under a Memorandum of Association which established its objects and its powers as a charitable company, and it is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
## **b. Methods of appointment or election of Trustees**
The Trustees are the members of the company. According to the Articles of Association Trustees are appointed by a resolution of Trustees. When seeking candidates for appointment, the Trustees will take into account any gaps in relevant skills and knowledge required in the governance of the charity.
## **c. Policies adopted for the induction and training of Trustees**
Reviewed annually in the following circumstances, new Trustees, significant external policy developments, Charity Commission requirements and other priorities highlighted by the Trustees.
## **d. Pay policy for senior staff**
The CEO is subject to an annual pay review carried out by the Trustees.
## **e. Organisational structure and decision making**
The Trustees bring to the board of Unitas their belief in the importance of all people being able to develop their skills and access education. They collectively bring knowledge and experience gained from working across a range of professional environments. Each Trustee also brings business skills and experience of working in the public sector, the arts and with young people, which support the work of Unitas. Trustees have been provided with induction and training as to their role and responsibilities and have continuing access to information and advice services provided by the organisation’s auditors and legal advisers.
Full meetings of Trustees are held quarterly. At each meeting Trustees consider written and verbal reports on current and planned activities, finance, fundraising and risks. The Trustees consider the major risks to which the organisation is exposed at each quarterly meeting, and strategies are adopted to mitigate these risks as far as possible. Staff from Unitas attend these meetings to ensure Trustees are fully briefed and can be provided with additional information as required by the Trustees.
Day-to-day responsibility for operations and the successful functioning of the organisation is delegated to the Chief Executive, who is responsible for ensuring that the charity delivers the objects specified and meets targets set by the Strategic Plan and annual Business Plan as approved by the Trustees.
Expenditure on a single item in excess of £20,000 must be referred to the Trustees for authorisation. The Trustees are responsible for setting the pay and remuneration of the charity’s key management personnel. This is reviewed on an annual basis.
Page 5
**UNITAS (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
## **Structure, governance and management (continued)**
## **f. Risk management**
The Trustees have assessed the major risks to which the company and the group is exposed, in particular those related to the operations and finances of the company and the group and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
## **Plans for future periods**
The 5-year strategic plan sets out the priorities until 2023 to ensure Unitas achieves its objectives. Further development of the Academy, including development of BA courses both to sell on the open market and for existing students to top up prior learning to a full BA, BA Hons or Masters.
Unitas is working in conjunction with other industry bodies to create an institute which will focus on the professional learning and development of those in the youth justice system in line with the Youth Justice Framework.
The main focus will be on further developing the Unitas Academy. This will be achieved by marketing the new and existing products to increase sales and by developing our digital resources still further so that there is a wide range of training programmes available up to Masters level.
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. 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 Group and the company and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) 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 Group will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the company 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 Group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 6
## **UNITAS (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
## **Disclosure of information to auditors**
Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:
- so far as that Trustee is aware, there is no relevant audit information of which the charitable group's auditors are unaware, and
- that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable group's auditors are aware of that information.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ **Philip Clapp** Joint Chair Date:
Page 7
**UNITAS (A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS AND TRUSTEES OF UNITAS**
## **Opinion**
We have audited the financial statements of Unitas (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 March 2021 which comprise the Consolidated statement of financial activities, the Consolidated balance sheet, the Company balance sheet, the Consolidated statement of cash flows and the related notes, 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 Group's and of the parent charitable company's affairs as at 31 March 2021 and of the Group's incoming resources and application of resources, including its 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 Act 2011.
## **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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 Group's or the parent 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.
Page 8
**UNITAS**
**(A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS AND TRUSTEES OF UNITAS (CONTINUED)**
## **Other information**
The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.
## **Opinion 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 Trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements.
- the Trustees' report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of our 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 Trustees' report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:
- the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent 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; or
- the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' report and from the requirement to prepare a Strategic report.
Page 9
**UNITAS (A company limited by guarantee)**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS AND TRUSTEES OF UNITAS (CONTINUED)**
## **Responsibilities of trustees**
As explained more fully in the Trustees' responsibilities statement, 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 Group's and the parent 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 Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditors' 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 Auditors' 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:
Due to the field in which the Charity operates, we have identified the following areas as those most likely to have a material impact on the financial statements: health and safety; employment laws; GDPR; serious incident reporting and compliance with the UK Companies Act.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraus and non-compliance with laws and regulations, was as follows:
- Enquiries with management about any known or suspected instances of non-compliance with laws and regulations, accidents in the workplace and fraud;
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
- Challenging assumptions and judgements made by management in their significant accounting estimates; and
- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness.
Due to the inherent limitations of an audit, there is an unavoidable risk that some material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK). For instance, the further removed non-compliance is from the events and transactions reflected in the financial statements, the less likely the auditor is to become aware of it or to recognised the non-compliance.
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 Auditors' report.
Page 10
**(A company limited by guarantee)**
## **UNITAS**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS AND TRUSTEES OF UNITAS (CONTINUED)**
## **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, and to the charitable company's trustees, as a body, Part 4 of the Charities (Accounts and Reports) Regulations 2008. 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 Auditors' 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 its members, as a body, for our audit work, for this report, or for the opinions we have formed.
## **Giles Kerkham FCA DChA (Senior statutory auditor)**
for and on behalf of
**Larking Gowen LLP** Chartered Accountants Statutory Auditors King Street House 15 Upper King Street Norwich NR3 1RB
Date: 28 January 2022
Page 11
## **UNITAS**
## **(A company limited by guarantee)**
## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021**
|**Note**
**Income from:**
Charitable activities
4
Investments
5
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net income/(expenditure)**
Transfers between funds
16
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
**1,282,000**
**239**
**1,282,239**
**1,181,060**
**1,181,060**
**101,179**
**(508)**
**100,671**
**275,026**
**100,671**
**375,697**|**Restricted**
**funds**
**2021**
**£**
**300,000**
**-**
**300,000**
**300,508**
**300,508**
**(508)**
**508**
**-**
**-**
**-**
**-**|**Total**
**funds**
**2021**
**£**
**1,582,000**
**239**
**1,582,239**
**1,481,568**
**1,481,568**
**100,671**
**-**
**100,671**
**275,026**
**100,671**
**375,697**|_Total_
_funds_
_2020_
_£_
_1,562,139_
_1,075_|
|---|---|---|---|---|
|||||_1,563,214_|
|||||_1,548,023_|
|||||_1,548,023_|
|||||_15,191_
_-_|
|||||_15,191_|
|||||_259,835_
_15,191_|
|||||_275,026_|
The Consolidated statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 16 to 33 form part of these financial statements.
Page 12
## **UNITAS (A company limited by guarantee) REGISTERED NUMBER: 06739988**
## **CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2021**
|**Note**
**Fixed assets**
Intangible assets
10
Tangible assets
11
**Current assets**
Stocks
13
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
**Net current liabilities**
**Total net assets**
**Charity funds**
Restricted funds:
Unrestricted funds
16
**Total funds**|**9,154**
**1,093,258**
**992,929**
**2,095,341**
**(2,186,969)**|**2021**
**£**
**457,957**
**9,368**
**467,325**
**(91,628)**
**375,697**
**375,697**
**375,697**|_24,332_
_367,814_
_591,916_
_984,062_
_(1,213,145)_|_2020_
_£_
_496,907_
_7,202_
_504,109_
_(229,083)_
_275,026_
_275,026_
_275,026_|
|---|---|---|---|---|
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................
**Philip Clapp** Joint Chair Date:
The notes on pages 16 to 33 form part of these financial statements.
Page 13
## **UNITAS (A company limited by guarantee) REGISTERED NUMBER: 06739988**
## **COMPANY BALANCE SHEET AS AT 31 MARCH 2021**
|**Note**
**Fixed assets**
Intangible assets
10
Tangible assets
11
Investments
12
**Current assets**
Stocks
13
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
**Net current liabilities**
**Total net assets**
**Charity funds**
Unrestricted funds
16
**Total funds**|**286**
**72,245**
**317,289**
**389,820**
**(481,548)**|**2021**
**£**
**457,957**
**9,368**
**100**
**467,425**
**(91,728)**
**375,697**
**375,697**
**375,697**|_482_
_47,800_
_252,519_
_300,801_
_(451,945)_|_2020_
_£_
_496,907_
_7,202_
_100_
_504,209_
_(151,144)_
_353,065_
_353,065_
_353,065_|
|---|---|---|---|---|
The company's net movement in funds for the year was _£_ 22,632 _(2020 - £(19,857))_ .
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................
**Philip Clapp** Joint Chair Date: 18/1/22
The notes on pages 16 to 33 form part of these financial statements.
Page 14
**UNITAS**
**(A company limited by guarantee)**
## **CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021**
|**Cash flows from operating activities**
Net cash used in operating activities
**Cash flows from investing activities**
Purchase of intangible assets
Purchase of tangible fixed assets
**Net cash used in investing activities**
**Cash flows from financing activities**
**Net cash provided by financing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
The notes on pages 16 to 33 form part of these financial statements|**2021**
**£**
**550,038**
**(142,728)**
**(6,297)**
**(149,025)**
**-**
**401,013**
**591,916**
**992,929**|_2020_
_£_
_286,930_
_(221,169)_
_(7,352)_
**(228,521)**
**-**
**58,409**
_533,507_
_591,916_|
|---|---|---|
Page 15
**UNITAS**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **1. General information**
The company is a company limited by guarantee, incorporated in England and Wales. The registered office is King Street House, 15 Upper King Street, Norwich, Norfolk, United Kingdom, NR3 1RB. The registered company number is 06739988. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
UNITAS 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.
The Consolidated statement of financial activities (SOFA) and Consolidated balance sheet consolidate the financial statements of the company and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.
The company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of financial activities in these financial statements.
## **2.2 Going concern**
In approving these accounts, the Trustees have assessed whether the use of going concern is appropriate and whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The Trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Taking into account the expected level of income and expenditure, the level of unrestricted funds, the liquid assets and funding secured to 31 March 2022 and beyond, the Trustees consider the organisation is in a stable financial position. The Trustees consider that the budgeted cashflow and the level of unrestricted reserves are sufficient for UNITAS to be able to meet its liabilities as they fall due for at least 12 months. For this reason, the Trustees consider it appropriate for the financial statements to continue to be prepared on a going concern basis and that there are no material uncertainties.
Page 16
**UNITAS**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **2. Accounting policies (continued)**
## **2.3 Income**
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
## **Recognition policies for Academy contracts**
YJEPC: 30% of income recognised at registration, 70% split over the 8 months of the course.
Foundation Degree and Bachelor of Arts (with or without Honours) courses: 15% of income recognised at registration, 85% split over the 26 months of the course.
## **2.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity.
Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Central Office.
Charitable activities and Governance costs are costs incurred on the company's charitable operations. Support costs and costs relating to the governance of the company are allocated to charitable activities to which they relate where possible, with the remainder apportioned appropriately between the Charity and its Subsidiary.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
## **2.5 Research and development**
Development costs are capitalised within intangible assets where they can be identified with a specific product or project anticipated to produce future benefits, and are amortised on the straight line basis over the anticipated life of the benefits arising from the completed product or project.
Deferred research and development costs are reviewed annually, and where future benefits are deemed to have ceased or to be in doubt, the balance of any related research and development is written off to the Consolidated statement of financial activities.
Page 17
**UNITAS**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **2. Accounting policies (continued)**
## **2.6 Taxation**
The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **2.7 Intangible assets and amortisation**
Intangible assets costing £100 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Intangible assets include costs of developing training materials that will be realised in delivery of UNITAS courses.
The estimated useful lives are as follows:
Amortisation is provided on the following bases:
|Book Publishing Rights|-|% 20% straight line|
|---|---|---|
|Training Materials|-|% 20% - 33% straight line|
|Website|-|% 20% straight line|
## **2.8 Tangible fixed assets and depreciation**
Tangible fixed assets costing £100 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
- Office equipment 33% straight line
Page 18
**UNITAS (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **2. Accounting policies (continued)**
## **2.9 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated statement of financial activities.
Investments in subsidiaries are valued at cost less provision for impairment.
## **2.10 Stocks**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
## **2.11 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.12 Cash at bank and in hand**
Cash at bank and 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.
## **2.13 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation.
## **2.14 Financial instruments**
The Group 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.15 Operating leases**
Rentals paid under operating leases are charged to the Consolidated statement of financial activities on a straight line basis over the lease term.
Page 19
**UNITAS**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **2. Accounting policies (continued)**
## **2.16 Pensions**
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
## **2.17 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
## **3. Critical accounting estimates and areas of judgment**
Estimates and judgments 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 items in the financial statements where these adjustments and estimates have been made include:
Critical accounting estimates and assumptions:
The annual amortisation/depreciation charge for intangible and tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual lives are reassessed annually. See notes 10 and 11 for the carrying amounts of the assets, and notes 2.7 and 2.8 for the useful economic lives for each class of asset.
Page 20
**UNITAS (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **4. Income from charitable activities**
|**Unrestricted**
**funds**
**2021**
**£**
ACE - Summer Arts College
-
EPA (UA)
27,844
Criminology (UA)
1,123
Social Policy (UA)
8,464
Management & Coaching (UA)
72,686
Dissertation (IRM) (UA)
15,320
Youth Justice Institute (UA)
-
YJEPC (UA)
144,836
Foundation Degree (UA)
1,003,502
ITC Rainsbrook (UA)
8,225
**Total 2021**
1,282,000
_Unrestricted_
_funds_
_2020_
_£_
ACE - Summer Arts College
_-_
West Midlands PCC - Summer Arts College
_-_
Text Now
_1,250_
Social Policy (UA)
_7,133_
Management & Coaching (UA)
_71,350_
Dissertation (IRM) (UA)
_863_
Youth Justice Institute (UA)
_33,600_
YJEPC (UA)
_143,258_
Foundation Degree (UA)
_972,729_
Other
_11,956_
_Total 2020_
_1,242,139_|**Restricted**
**funds**
**2021**
**£**
300,000
-
-
-
-
-
-
-
-
-
300,000
_Restricted_
_funds_
_2020_
_£_
_300,000_
_20,000_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_320,000_|**Total**
**funds**
**2021**
**£**
**300,000**
**27,844**
**1,123**
**8,464**
**72,686**
**15,320**
**-**
**144,836**
**1,003,502**
**8,225**|
|---|---|---|
|||**1,582,000**|
|||_Total_
_funds_
_2020_
_£_
_300,000_
_20,000_
_1,250_
_7,133_
_71,350_
_863_
_33,600_
_143,258_
_972,729_
_11,956_|
|||_1,562,139_|
Page 21
**UNITAS (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **5. Investment income**
|**Unrestricted**
**funds**
**2021**
**£**
Bank interest receivable
239
_Unrestricted_
_funds_
_2020_
_£_
Bank interest receivable
_1,075_|**Total**
**funds**
**2021**
**£**
**239**|
|---|---|
||_Total_
_funds_
_2020_
_£_
_1,075_|
## **6. Analysis of expenditure by activities**
|ACE - Summer Arts College
Social Policy (UA)
Management & Coaching (UA)
Dissertation (IRM) (UA)
Criminology (UA)
EPA (UA)
YJEPC (UA)
Foundation Degree (UA)
Other
**Total 2021**|**Activities**
**undertaken**
**directly**
**2021**
**£**
173,204
25,971
53,902
10,849
25,217
19,154
114,912
602,673
6,546
1,032,428|**Support**
**costs**
**2021**
**£**
141,880
8,420
12,889
8,897
5,771
10,468
29,480
227,050
4,285
449,140|**Total**
**funds**
**2021**
**£**
**315,084**
**34,391**
**66,791**
**19,746**
**30,988**
**29,622**
**144,392**
**829,723**
**10,831**|
|---|---|---|---|
||||**1,481,568**|
Page 22
**UNITAS (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **6. Analysis of expenditure by activities (continued)**
|ACE - Summer Arts College
TextNow
Social Policy (UA)
Management & Coaching (UA)
Dissertation (UA)
Other (UNITAS)
Youth Justice Institute (UA)
YJEPC (UA)
Foundation Degree (UA)
Other (UA)
_Total 2020_|_Activities_
_undertaken_
_directly_
_2020_
_£_
_254,383_
_7,474_
_25,717_
_38,442_
_486_
_-_
_2,522_
_112,489_
_604,889_
_30,525_
_1,076,927_|_Support_
_costs_
_2020_
_£_
_82,074_
_842_
_9,861_
_38,724_
_6,883_
_146_
_31,303_
_60,324_
_226,227_
_14,712_
_471,096_|_Total_
_funds_
_2020_
_£_
_336,457_
_8,316_
_35,578_
_77,166_
_7,369_
_146_
_33,825_
_172,813_
_831,116_
_45,237_|
|---|---|---|---|
||||_1,548,023_|
Page 23
**UNITAS (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **6. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Wages and salaries
Depreciation
Office costs
Property rent
Interest payable
Sundry expenses
Capital manager resources
Meetings and travel
Marketing
Legal and professional fees
Bad debts written off|**Total**
**funds**
**2021**
**£**
**286,477**
**4,131**
**30,644**
**31,646**
**378**
**23,466**
**46,513**
**1,630**
**5,910**
**16,245**
**2,100**
**449,140**|_Total_
_funds_
_2020_
_£_
_302,876_
_3,830_
_31,252_
_28,912_
_342_
_12,335_
_42,444_
_23,318_
_10,896_
_14,891_
_-_|
|---|---|---|
|||_471,096_|
## **7. Auditors' remuneration**
The auditors' remuneration amounts to an auditor fee of £9,150 _(2020 - £9,000)_ , and fees for assistance in the preparation of the accounts of £2,000 ( _2020_ - _£2,000_ ).
Page 24
**UNITAS (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **8. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes
Other employment costs|**Group**
**2021**
**£**
**306,405**
**27,266**
**23,521**
**-**
**357,192**|_Group_
_2020_
_£_
_287,767_
_25,512_
_21,222_
_21,874_
_356,375_|**Company**
**2021**
**£**
**235,690**
**27,266**
**23,521**
**-**
**286,477**|_Company_
_2020_
_£_
_234,268_
_25,512_
_21,222_
_19,624_|
|---|---|---|---|---|
||||||
|||||_300,626_|
The above costs, £357,192 (2020: £356,375) reflect general wages that are included within expenditure in the Statement of Financial Activities. A further £58,675 (2020: £81,526) of wages costs have been capitalised.
The average number of persons employed by the company during the year was as follows:
|**Group**|_Group_|
|---|---|
|**2021**|_2020_|
|**No.**|_No._|
|**8**|_8_|
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
||**Group**|_Group_|
|---|---|---|
||**2021**|_2020_|
||**No.**|_No._|
|In the band £60,001 - £70,000|**1**|_-_|
|In the band £90,001 - £100,000|**1**|_-_|
|In the band £110,000 - £119,999|**-**|_1_|
Key management personnel consist of the Trustees, the Chief Executive and the Business Director. Emoluments (including employer's national insurance and pension contributions) paid to members of the key management personnel totalled £184,210 (2020: £209,755).
## **9. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2020 - £NIL)_ .
During the year ended 31 March 2021, no Trustee expenses have been reimbursed _(2020 - £NIL)_ .
Page 25
**UNITAS (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **10. Intangible assets**
## **Group and Company**
|**Cost**
At 1 April 2020
Additions
Disposals
At 31 March 2021
**Amortisation**
At 1 April 2020
Charge for the year
At 31 March 2021
**Net book value**
At 31 March 2021
_At 31 March 2020_|**Book**
**Publishing**
**Rights**
**£**
**11,410**
**-**
**-**
**11,410**
**9,128**
**2,282**
**11,410**
**-**
_2,282_|**Training**
**Materials**
**£**
**624,490**
**141,748**
**-**
**766,238**
**209,171**
**141,672**
**350,843**
**415,395**
_415,319_|**Website**
**£**
**155,202**
**980**
**(250)**
**155,932**
**75,896**
**37,474**
**113,370**
**42,562**
_79,306_|**Total**
**£**
**791,102**
**142,728**
**(250)**
**933,580**
**294,195**
**181,428**
**475,623**
**457,957**
_496,907_|
|---|---|---|---|---|
Page 26
**UNITAS (A company limited by guarantee)**
|**NOTES TO THE FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2021**||
|---|---|
|**11.**
**Tangible fixed assets**
**Group and Company**
**Cost or valuation**
At 1 April 2020
Additions
At 31 March 2021
**Depreciation**
At 1 April 2020
Charge for the year
At 31 March 2021
**Net book value**
At 31 March 2021
_At 31 March 2020_
**12.**
**Fixed asset investments**
**company**
**Cost or valuation**
At 1 April 2020
At 31 March 2021|**Office**
**equipment**
**£**
**17,947**
**6,297**
**24,244**
**10,745**
**4,131**
**14,876**
**9,368**
_7,202_
**Investments**
**in**
**subsidiary**
**companies**
**£**
**100**
**100**|
Page 27
**UNITAS (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **13. Stocks**
|**Group**
**2021**
**£**
Finished goods and goods for resale
**9,154**
**14.**
**Debtors**
**Group**
**2021**
**£**
Trade debtors
**977,940**
Other debtors
**790**
Prepayments and accrued income
**114,528**
**1,093,258**
**15.**
**Creditors: Amounts falling due within one year**|_Group_
_2020_
_£_
_24,332_
_Group_
_2020_
_£_
_147,015_
_-_
_220,799_
_367,814_|**Company**
**2021**
**£**
**286**
**Company**
**2021**
**£**
**-**
**5,890**
**66,355**
**72,245**|_Company_
_2020_
_£_
_482_|
|---|---|---|---|
||||_Company_
_2020_
_£_
_13,500_
_5,830_
_28,470_|
|||||
||||_47,800_|
|||||
|Trade creditors
Amounts owed to group undertakings
Other taxation and social security
Accruals and deferred income|**Group**
**2021**
**£**
**44,285**
**-**
**162,599**
**1,980,085**
**2,186,969**|_Group_
_2020_
_£_
_98,821_
_-_
_21,855_
_1,092,469_
_1,213,145_|**Company**
**2021**
**£**
**30,296**
**379,485**
**8,552**
**63,215**
**481,548**|_Company_
_2020_
_£_
_17,173_
_404,014_
_9,430_
_21,328_|
|---|---|---|---|---|
||||||
|||||_451,945_|
Page 28
**UNITAS (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **16. Statement of funds**
## **Statement of funds - current year**
|**Balance at 1**
**April 2020**
**£**
**Unrestricted funds**
**Designated funds**
Fixed asset fund
**504,109**
**General funds**
General funds
**(229,083)**
**Total Unrestricted funds**
**275,026**
**Restricted funds**
Arts Council England -
Summer Arts College
**-**
**Total of funds**
**275,026**|**Income**
**£**
**Expenditure**
**£**
**-**
**(185,559)**
**1,282,239**
**(995,501)**
**1,282,239**
**(1,181,060)**
**300,000**
**(300,508)**
**1,582,239**
**(1,481,568)**|**Transfers**
**in/out**
**£**
**148,775**
**(149,283)**
**(508)**
**508**
**-**|**Balance at**
**31 March**
**2021**
**£**
**467,325**
**(91,628)**
**375,697**
**-**
**375,697**|
|---|---|---|---|
Page 29
**UNITAS (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **16. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
**Designated funds**
Fixed asset fund
**General funds**
General funds
**Total Unrestricted funds**
**Restricted funds**
Arts Council England -
Summer Arts College
Other Arts Programmes
**Total of funds**|_Balance at_
_1 April 2019_
_£_
_419,920_
_(160,085)_
_259,835_
_-_
_-_
_-_
_259,835_|_Income_
_£_
_-_
_1,243,214_
_-_
_300,000_
_20,000_
_320,000_
_320,000_|_Expenditure_
_£_
_(135,711)_
_(1,075,855)_
_(1,211,566)_
_(300,000)_
_(36,457)_
_(336,457)_
_(1,548,023)_|_Transfers_
_in/out_
_£_
_219,900_
_(236,357)_
_(16,457)_
_-_
_16,457_
_16,457_
_-_|_Balance at_
_31 March_
_2020_
_£_
_504,109_
_(229,083)_
_275,026_
_-_
_-_
_-_
_275,026_|
|---|---|---|---|---|---|
Page 30
**UNITAS (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **17. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2021**
**£**
Tangible fixed assets
9,368
Intangible fixed assets
457,957
Current assets
2,095,341
Creditors due within one year
(2,186,969)
**Total**
375,697|**Total**
**funds**
**2021**
**£**
**9,368**
**457,957**
**2,095,341**
**(2,186,969)**
**375,697**|
|---|---|
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Intangible fixed assets
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2020_
_£_
_7,202_
_496,907_
_984,062_
_(1,213,145)_
_275,026_|_Total_
_funds_
_2020_
_£_
_7,202_
_496,907_
_984,062_
_(1,213,145)_
_275,026_|
|---|---|---|
Page 31
**UNITAS (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **18. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net income for the year (as per Statement of Financial Activities)
**Adjustments for:**
Amortisation and depreciation charges
Loss on disposal of fixed assets
Decrease in stocks
Increase in debtors
Increase in creditors
**Net cash provided by operating activities**
**19.**
**Analysis of cash and cash equivalents**
Cash in hand
**Total cash and cash equivalents**
**20.**
**Analysis of changes in net debt**
**At 1 April**
**2020**
**£**
Cash at bank and in hand
**591,916**|**Group**
**2021**
**£**
**100,671**
**185,559**
**250**
**15,178**
**(725,444)**
**973,824**
**550,038**
**Group**
**2021**
**£**
**992,929**
**992,929**
**Cash flows**
**£**
**401,013**|_Group_
_2020_
_£_
_15,191_
_135,711_
_8,621_
_18,931_
_(39,646)_
_148,122_
_286,930_
_Group_
_2020_
_£_
_591,916_
_591,916_
**At 31 March**
**2021**
**£**
**992,929**|
|---|---|---|
Page 32
**UNITAS (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **21. Pension commitments**
The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £23,521 (2020 - £21,222). No contributions were payable to the fund at the balance sheet date.
## **22. Operating lease commitments**
At 31 March 2021 the Group and the company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:
||||**Group**|_Group_|**Company**|_Company_|
|---|---|---|---|---|---|---|
||||**2021**|_2020_|**2021**|_2020_|
||||**£**|_£_|**£**|_£_|
|Not later than|1|year|**19,085**|_17,660_|**19,085**|_17,660_|
## **23. Related party transactions**
In the year the following transactions took place between the Charity and its wholly owned subsidiary Unitas Academy Limited:
The Charity charged Unitas Academy Limited £190,470 (2020: £144,332) for the use of training materials. At the balance sheet date, the Charity owed £379,485 (2020: £404,014) to Unitas Academy Limited.
## **24. Principal subsidiary**
The following was a subsidiary undertaking of the company:
|**Name**||**Company**|**Holding**|**Included in**|
|---|---|---|---|---|
|||**number**||**consolidation**|
|Unitas Academy Ltd||10412927|100%|Yes|
|The financial results of the subsidiary for the year were:|||||
|**Name**|**Income**|**Expenditure**|**Profit /**|**Net assets**|
||**£**|**£**|**(Loss) for**|**£**|
||||**the year**||
||||**£**||
|Unitas Academy Ltd|**1,256,171**|**(1,138,183)**|**117,988**|**100**|
Page 33