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2024-03-31-accounts

Registered number: 06739988 Charity number: 1133286

UNITAS

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

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 examiner's report 8
Statement of financial activities 9
Balance sheet 10
Statement of cash flows 10 - 11
Notes to the financial statements 12 - 28

(A company limited by guarantee)

UNITAS

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024

Trustees Philip Clapp, Chair
Erica Crump
Charles Allen (appointed 15 May 2023)
Paul Wright (appointed 15 May 2023)
Company registered
number
06739988
Charity registered
number
1133286
Registered office
Diamond House
Vulcan Road North
Norwich
NR6 6AQ
Chief executive officer
Jayne Cowley
Accountants
Larking Gowen LLP
Chartered Accountants
1st Floor, Prospect House
Rouen Road
Norwich
NR1 1RE
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 2024

The Trustees present their annual report together with the financial statements of the company for the 1 April 2023 to 31 March 2024. 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 2015) as amended by Update Bulletin 1 (effective 1 January 2015).

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 satisfied that items highlighted for progress in the Strategic Plan 2024-2026 are underway.

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:

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

(A company limited by guarantee)

UNITAS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Objectives and activities (continued)

b. Strategies for achieving objectives

The current two-year strategic plan sets out the priorities for 2024-2026 to ensure Unitas achieves its objectives. Having successfully created and developed courses in Youth Justice and Criminal Justice ranging from Level 4 Certification of Higher Education to BA Hons Level 6, and introducing a full academic prospectus in 2022, this two-year plan has continued to focus on effective sales encompassing new markets for Unitas, along with targeted marketing and the launch of a new website in line with the evolving audiences of the charity. Through current and new courses Unitas will continue to support its key objectice of professionalisation of youth justice in the community and in the secure estate.

Unitas continues to work with other industry bodies in developing a Youth Justice Institute. This will focus on supporting the professional learning and workforce development of those in the youth justice system in line with the Youth Justice Framework. This institute will utilise panel members from a broad range of youth justice practices along with academics to develop cohesion to the youth justice workforce and its practitioners.

c. Activities undertaken to achieve objectives

All activities undertaken by Unitas during the year 2023-2024 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 have included:

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 young people and practitioners 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 age, disability, gender reassignment, marital/civil partnership status, pregnancy, race, religion or belief, sex and sexual orientation.

Page 3

(A company limited by guarantee)

UNITAS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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:

The Foundation Degree in Youth Justice (FDYJ), validated by the University of Suffolk continued into its seventh year with three new cohorts commencing and students from Cohort 9, 10 and 11 completing their quali?cation this year, graduating in October 2023.

In addition, Cohorts 8 and 9 of the BA in Social Policy completed, with cohort 10 and 11 now underway.

Managing and Coaching in Youth Justice (MCYJ) saw three cohorts in the year (7, 8 and 9).

The Youth Justice Effective Practice Certi?cate (YJEPC) is now on Cohort 32 in its twelfth year of successful delivery, offering four entry points to provide learning ?exibility to students and their sponsors.

Cohort 10 of the Independent Research Module (IRM) is underway with these students due to graduate with full BA Hons in October 2024.

Research and evaluation activities continue through rigorous evaluation of our programmes and development of additional research projects.

b. Factors relevant to achieve objectives

The financial year has been governed by a politically tumultuous landscape. This has impacted local authorities who have reduced their learning and development (L&D) budgets to subsidise their own financial constraints. In turn this has hindered the expected sales progress. Unitas is now delivering the youth justice practitioner apprenticeship but is still facing barriers through the general public lack of understanding of how apprenticeships are applied in the adult professional workforce and the bureaucratic system of onboarding learners. Again, with the introduction of Skills England in 2024, many customers are retaining training spend until such time the skills levy parameters are disclosed. Unitas, however, remains in a unique position with its delivery of the apprenticeship in that it is the only provider able to offer a continuation from the apprenticeship into a level 6 pathway for learners to gain a full BA (Hons). To ensure Unitas is maximising its potential, it has invested in an MA programme to bring its suite of courses from level 4 to level 7 within youth justice. This will launch in the next financial year.

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 deficit of £331,338 (2023: Surplus of £26,688)

Page 4

(A company limited by guarantee)

UNITAS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

c. Reserves policy

The charity sets a minimum level of reserves to enable it to continue activities, reorganise if income streams are lost and to fund developmental opportunities. Total funds at 31 March 2024 were £255,066 (2023: £586,404). We have a target of £250,000, equating to 6 months’ worth of central costs and investment funds of £40,000. However whilst we continue to navigate the challenging economic landscape, it has been appropriate to go below this target. The Trustees are content with the level of reserves.

d. Material investments policy

Unitas does not hold any investments, cash is held in UK bank accounts.

e. Principal funding

Income is largely derived from sales of courses, with less dependency on grant funding consistent with our strategic plan.

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.

Page 5

UNITAS

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management (continued)

e. Organisational structure and decision-making policies

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 any 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.

f. Risk management

The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company. The economic climate poses a risk in terms of local authority spending freezes, however Unitas is able to mitigate this risk through its increased spread of course income, namely through its academic pathway and the apprenticeship which is levy funded. Apprenticeships are considered a risk mainly due to the complex requirements of Ofsted and the Education and Skills Funding Agency (ESFA), Unitas has received an inspection from ESFA and an initial visit from Ofsted, which the senior leadership team were able to navigate successfully. As a result, Unitas has a robust set of policies and procedures to reduce the risk of an unsatisfactory outcome.

A risk assessment was carried out in regard to Unitas overheads to ensure it is able to manage adequate reserves throughout economic downturns. As such, Unitas has reduced its overheads considerably resulting in target reserves equating to £250,000. Further to this, the trustees are satisfied that systems and procedures are in place to mitigate our exposure from threats such as cybercrime and fraud.

g. Environmental, Social and Governance

Unitas has considered its impact on the environment and has sought to move to recyclable packaging, carboard pens and the removal of unnecessary plastics from its student packs. We are working with local suppliers to ensure our carbon footprint is reduced and will continue to address this over the coming years. As a business Unitas remains mindful of its social awareness and as such has worked to achieve Disability Confident Employer status.

Page 6

(A company limited by guarantee)

UNITAS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Plans for future periods

The primary focus is marketing the suite of courses that Unitas now offers to a wider audience, continuing to focus on professional development of those practitioners working in youth justice, the juvenile, and adult estates while exploring other Higher Education markets. This will be achieved by a targeted digital campaign marketing the new and existing products to increase sales and by developing our digital resources still further.

Unitas has in 2024 developed a Masters programme and a further short course for launch in 2025. We are also working with a national events agency to promote our criminology course, whilst developing with them, criminology short courses.

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 . 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 company and of its incoming resources and application of resources, including its 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; DRAFT

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................ Philip Clapp Chair of Trustees Date: 13.12.2024

Page 7

UNITAS (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024

Independent examiner's report to the Trustees of Unitas ('the company')

I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 March 2024.

Responsibilities and basis of report

As the Trustees of the company (and 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 the company's accounts 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 the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of (enter body here), 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.

This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.

Signed: Dated: Giles Kerkham ACA DChA Larking Gowen LLP Chartered Accountants Norwich

Page 8

UNITAS

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

Note
Income from:
Charitable activities
4
Investments
5
Total income
Expenditure on:
Charitable activities
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2024
£
612,289
3,936
616,225
947,563
947,563
(331,338)
586,404
(331,338)
255,066		 Total
funds
2024
£
612,289
3,936
616,225
947,563
947,563
(331,338)
586,404
(331,338)
255,066		 Total
funds
2023
£
1,174,142
1,163
1,175,305
1,146,617
1,146,617
28,688
557,716
28,688
586,404

Page 9

UNITAS (A company limited by guarantee) REGISTERED NUMBER: 06739988

BALANCE SHEET AS AT 31 MARCH 2024

Note
Fixed assets
Intangible assets
10
Tangible assets
11
Current assets
Stocks
12
Debtors
13
Cash at bank and in hand
18
Creditors: amounts falling due within one
year
14
Net current liabilities / assets
Total net assets
Charity funds
Unrestricted funds
15
Total funds		 2,492
134,810
567,515
704,817
(948,708)		 2024
£
496,550
2,407
498,957
(243,891)
255,066
255,066
255,066		 6,971
189,776
1,127,107
1,323,854
(1,206,459)		 2023
£
467,188
1,821
469,009
117,395
586,404
586,404
586,404

The company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

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 (Trustee) Date: 13.12.2024

The notes on pages 12 to 28 form part of these financial statements.

Page 10

UNITAS

(A company limited by guarantee)

STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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 12 to 28 form part of these financial statements		 2024
£
(406,582)
(150,145)
(2,865)
(153,010)
-
(559,592)
1,127,107
567,515		 2023
£
(207,773)
(193,983)
-
(193,983)
-
(401,756)
1,528,863
1,127,107

Page 11

UNITAS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. General information

Unitas is a company limited by guarantee, incorporated in England and Wales. The registered office is Diamond House, Vulcan Road, Norwich, Norfolk, United Kingdom, NR6 6AQ. 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 financial statements are presented in sterling which is the functional currency of the Company and are rounded to the nearest £.

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, and the levels of unrestricted funds and liquid assets, 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 12

UNITAS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Recognition policies for Academy contracts

The policy for course income is to recognise 30% at registration and the remaining 70% split over the length of the course.

The exceptions are Foundation Degrees and Bachelor Arts for which 15% of income is recognised at registration and 85% split over the length 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 company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

Page 13

UNITAS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

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 Statement of financial activities.

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 £NIL 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.

Impairment reviews assess capitalised course book values against the present value of projected surpluses over the expected minimum life of each course. The projections for 2025/26 onwards include 10% growth per annum for 3 years and thereafter no further increase in surpluses. Future income streams are discounted at 5%. Minimum course lives are anticipated of between one and 10 years post year end.

Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.

Amortisation is provided on the following bases:

Book Publishing Rights - % 20% straight line Training Materials - % 10% - 33% straight line Website - % 20% straight line

Page 14

UNITAS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.8 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL 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, .

Depreciation is provided on the following basis:

2.9 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.

2.10 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.

2.11 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.

2.12 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.

2.13 Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 15

UNITAS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.14 Operating leases

Rentals paid under operating leases are charged to the Statement of financial activities on a straight-line basis over the lease term.

2.15 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.

2.16 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 company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company 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 16

UNITAS (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

4. Income from charitable activities

Unrestricted Total
funds funds
2024 2024
£ £
Foundation Degree - Criminal Justice 2,433 2,433
Apprenticeship 22,751 22,751
Social Policy 5,340 5,340
Management & Coaching 12,262 12,262
Dissertation 3,935 3,935
YJEPC 146,131 146,131
Foundation Degree - Youth Justice 355,759 355,759
EPA 48,929 48,929
Criminology 13,589 13,589
Support 1,160 1,160
- -
ACE - Summer Arts College
Foundation Degree - Criminal Justice
Social Policy
Management & Coaching
Dissertation
YJEPC
Foundation Degree - Youth Justice
EPA
Criminology
Support		 Unrestricted
funds
2023
£
-
12,397
25,876
56,240
23,320
145,896
775,777
93,842
9,517
6,277
1,149,142		 Restricted
funds
2023
£
25,000
-
-
-
-
-
-
-
-
-
25,000		 Total
funds
2023
£
25,000
12,397
25,876
56,240
23,320
145,896
775,777
93,842
9,517
6,277
1,174,142

Page 17

UNITAS (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

5. Investment income

Unrestricted
funds
2024
£
Bank interest receivable
3,936
Unrestricted
funds
2023
£
Bank interest receivable
1,163		 Total
funds
2024
£
3,936
Total
funds
2023
£
1,163

6. Analysis of expenditure by activities

Foundation Degree - Criminal Justice
Apprenticeship
Social Policy
Management & Coaching
Dissertation
Youth Justice Institute
YJEPC
Foundation Degree - Youth Justice
Other
Total 2024		 Activities
undertaken
directly
2024
£
25,321
17,827
9,791
24,849
8,611
57,508
105,484
234,138
50,935
411,402		 Support
costs
2024
£
12,599
114,757
6,863
8,926
10,324
17,188
89,269
131,474
21,699
536,161		 Total
funds
2024
£
37,920
132,584
16,654
33,775
18,935
74,696
194,753
365,612
72,634
947,563

Page 18

UNITAS (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

6. Analysis of expenditure by activities (continued)

ACE - Summer Arts College
FDCJ
Social Policy
Management & Coaching
Dissertation
Youth Justice Institute
YJEPC
Foundation Degree
Other		 Activities
undertaken
directly
2023
£
59,512
30,690
18,442
49,211
7,393
45,707
80,526
317,391
73,128
682,000		 Support
costs
2023
£
59,800
22,771
8,162
12,416
7,816
9,099
44,066
280,289
20,198
464,617		 Total
funds
2023
£
119,312
53,461
26,604
61,627
15,209
54,806
124,592
597,680
93,326
1,146,617

Page 19

UNITAS (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

6. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Depreciation/amortisation
Office costs
Property rent
Interest payable
Sundry expenses
Capital manager resources
Irrecoverable VAT
Meetings and travel
Marketing
Legal and professional fees
Bad debts		 Total
funds
2024
£
255,155
141,227
36,112
31,000
652
6,417
12,563
3,020
6,536
18,946
16,933
7,600
536,161		 Total
funds
2023
£
279,737
19,027
39,159
26,690
508
8,096
34,163
-
3,759
28,362
18,343
6,773
464,617

7. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £3,900 (2023 auditors fee - £11,685) , and fees for assistance in the preparation of the accounts of £1,650 ( 2023 - £2,650 ).

Page 20

UNITAS (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

8. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2024
£
216,195
18,725
20,235
255,155		 2023
£
230,570
26,089
23,078
279,737

The above costs, £255,155 (2023: £279,737) reflect general wages that are included within expenditure in the Statement of Financial Activities. A further £21,234 (2023: £62,669) of wages costs have been capitalised.

During the year, 2 employees received redundancy payments of £2,834 in total (2023: £nil).

The average number of persons employed by the company during the year was as follows:

2024 2023
No. No.
6 7

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2024 2023
No. No.
In the band £70,001 - £80,000 - 2
In the band £90,001 - £100,000 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 £150,500 (2023: £163,680).

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL) .

Page 21

(A company limited by guarantee)

UNITAS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

10. Intangible assets

Cost
At 1 April 2023
Additions
At 31 March 2024
Amortisation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
11.
Tangible fixed assets
Cost or valuation
At 1 April 2023
Additions
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024		 Book
Publishing
Rights
£
11,410
-
11,410
11,410
-
11,410
-
-		 Training
Materials
£
1,114,624
148,507
1,263,131
680,055
104,894
784,949
478,182
434,569		 Website
£
47,668
1,638
49,306
15,049
15,889
30,938
18,368
32,619		 Total
£
1,173,702
150,145
1,323,847
706,514
120,783
827,297
496,550
467,188
Office
equipment
£
25,447
2,865
28,312
23,626
2,279
25,905

Page 22

UNITAS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

11. Tangible fixed assets (continued)

Net book value
At 31 March 2024
At 31 March 2023		 Office
equipment
£
2,407
1,821

Page 23

UNITAS (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

12. Stocks

Finished goods and goods for resale
13.
Debtors
Due within one year
Trade debtors
Prepayments and accrued income		 2024
£
2,492
2024
£
88,428
46,382
134,810		 2023
£
6,971
2023
£
133,294
56,482
189,776

14. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2024
£
30,548
5,184
182
912,794
948,708		 2023
£
37,351
6,263
21,489
1,141,356
1,206,459

Page 24

UNITAS (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

15. Statement of funds

Statement of funds - current year
Balance at 1
April 2023
£
Unrestricted funds
General Funds
586,404
Statement of funds - prior year
Balance at
1 April 2022
£
Income
£
Unrestricted funds
General Funds
442,663
1,150,305
Restricted funds
Arts Council England -
Summer Arts College
115,053
25,000
Total of funds
557,716
1,175,305		 Income
£
Expenditure
£
616,225
(947,563)
Expenditure
£
Transfers
in/out
£
(1,028,107)
21,543
(118,510)
(21,543)
(1,146,617)
-		 Balance at
31 March
2024
£
255,066
Balance at
31 March
2023
£
586,404
Unrestricted funds
General Funds
Restricted funds
Arts Council England -
Summer Arts College
Total of funds
-
586,404

Page 25

UNITAS (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

16. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted
funds
2024
£
Tangible fixed assets
2,407
Intangible fixed assets
496,550
Current assets
704,817
Creditors due within one year
(948,708)
Total
255,066		 Total
funds
2024
£
2,407
496,550
704,817
(948,708)
255,066

Analysis of net assets between funds - prior period

Tangible fixed assets
Intangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2023
£
1,821
467,188
1,323,854
(1,206,459)
586,404		 Total
funds
2023
£
1,821
467,188
1,323,854
(1,206,459)
586,404

Page 26

UNITAS (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

17. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the period (as per Statement of Financial
Activities)
Adjustments for:
Amortisation and depreciation charges
Decrease/(increase) in stocks
Decrease in debtors
Decrease in creditors
Net cash used in operating activities
18.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
19.
Analysis of changes in net debt
At 1 April
2023
£
Cash at bank and in hand
1,127,107		 2024
£
(331,338)
123,062
4,479
54,965
(257,750)
(406,582)
2024
£
567,515
567,515
Cash flows
£
(559,592)		 2023
£
28,688
143,315
(1,388)
5,096
(278,171)
(102,460)
2023
£
1,127,107
1,127,107
At 31 March
2024
£
567,515

20. Pension commitments

UNITAS operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £20,235 (2023 - £23,078). No contributions were payable to the fund at the balance sheet date.

Page 27

(A company limited by guarantee)

UNITAS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

21. Operating lease commitments

At 31 March 2024 the company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2024
£
28,661
4,751
33,412		 2023
£
24,167
27,562
51,729

22. Related party transactions

IIn the year, R Allen (Trustee appointed on 15/05/2023) provided content writing services for course materials, amounting to £1,930 (2023: £nil).

Trustee travel expenses totalling £192 (2023: £nil) were reimbursed to 2 trustees (2023: nil).

Page 28