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2025-03-31-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 2025

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 - 9
Statement of financial activities 10
Balance sheet 11 - 12
Statement of cash flows 12
Notes to the financial statements 13 - 28

UNITAS (A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees Philip Clapp, Chair
Erica Crump
Charles Allen
Paul Wright
Company registered
number
06739988
Charity registered
number
1133286
Registered office
Diamond House
Vulcan Road North
Norwich
NR6 6AQ
Chief executive officer
Jayne Cowley (resigned 31 August 2025)
Emma Hannant (appointed 31 August 2025)
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 2025

For the year ended 31 March 2025 the Board of Trustees present their annual report together with the audited financial statements of the group and the company for the year 1 April 2024 to 31 March 2025. 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 lreland (FRS 102).

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

UNITAS

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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. In the final phase of the plan Unitas is working towards its prestigious level 7 Masters Youth Justice qualification. This will complete the youth justice journey from Level 4 Certification of Higher Education to Masters level 7 within youth justice, offering those both in secure and community settings a comprehensive route through progressional education. Unitas has continued its focus on effective sales encompassing new markets, alongside exploration of new opportunities. Through current and new courses, Unitas will continue to support its key objective of the professionalisation of youth justice both in the community and in the secure estate.

Unitas continues to work with other industry bodies to launch the Youth Justice institute, which 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 in the youth justice workforce and its practitioners.

c. Activities undertaken to achieve objectives

All activities undertaken by Unitas during the year 2024-2025 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 children.

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 children 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, with disability confident employer status 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

UNITAS

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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 eighth year with two new cohorts commencing and students from Cohort 12 and 13 completing their qualification this year, graduating in October 2025.

In addition, Cohorts 10 and 11 of the BA in Social Policy completed, with cohort 12 and 13 now underway.

Managing and Coaching in Youth Justice (MCYJ) is currently paused for new intake whilst it is reviewed and brought up to date.

The Youth Justice Effective Practice Certificate (YJEPC) is now on Cohort 36 in its thirteenth year of successful delivery, offering four entry points to provide learning ?exibility to students and their sponsors.

Cohort 13 of the independent Research Module (IRM) is underway with these students due to graduate with full BA Hons in October 2026.

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

We are in the final stages of preparation to launch of our MA Youth Justice and Relational Practice short course which will go live in our 25/26 financial year.

b. Factors relevant to achieve objectives

The past 12 months have continued to see uncertainty in the general business market, but particularly with the Youth Justice Board review, where we have been impacted through services remaining unclear of their training focus and subsequent budgets.

In addition to this, the Skills England plan for a skills levy has created a decrease in momentum for Youth Justice Services to utilise their own levy whilst learning and development teams await the Skill England plans.

Unitas is working with youth justice services to dispel the myths around the use of their levy as it currently stands and we endeavour to onboard more apprentices over the coming months. Unitas is proud to have the first completer of the Youth Justice Practice Apprenticeship, passing with a distinction. This learner is set to take up our BA (Hons) route using our unique pathway directly into a level 6 qualification through the application of recognised prior learning for the apprenticeship. 2025/26 will see a full suite of level 4 to level 7 academic qualifications which will continue our bid to professionalise the workforce within youth justice.

Page 4

UNITAS

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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 £250,457 (2024: deficit of £331,338). This has been achieved through a combination of sales revenue and the release of funding from the completion of a commercial award.

c. Reserves policy

Unrestricted reserves at 31 March 2025 were £515,523 (2024: £255,066). We have a target of £250,000, equating to 6 months’ worth of central costs and investment funds of £40,000. We are comfortably above our reserves target and will continue to monitor this to ensure good financial stewardship.

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.

Page 5

(A company limited by guarantee)

UNITAS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management (continued)

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 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 Department for Education (DfE). Unitas maintains its risk register annually to ensure it is aware of, and able to prepare for, and adverse situations. Al has been a new addition in respect of student use of and a review of academic procedure is currently undemay.

The trustees are satisfied that systems and procedures are in place to mitigate our exposure from threats such as cybercrime and fraud through the use of 2FA programmes and secure internal storage provided through our lT service contract.

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

UNITAS (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Plans for future periods

The primary focus is marketing the suite of courses, including the upcoming level 7 MA, 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.

We are investigating foreign territory to deliver our programmes as are working with the Department for Business and Trade to implement this. We continue to work 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:

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: 31st October 2025

Page 7

UNITAS (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025

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 2025.

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, other than those fully detailed below, have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:

  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 confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

Emphasis of Matter

I draw attention to Note 3 of the financial statements, which describes the basis of assessing carrying values for intangible assets, particularly the training materials developed by the charity. The carrying value of these assets relies on an assessment of recoverability that is based on the estimates of future student numbers and fees. While I do not disagree with the charity's assessment, it is inherently uncertain. My opinion is not modified in respect of this matter.

Page 8

(A company limited by guarantee)

UNITAS

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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 FCA DChA Larking Gowen LLP Chartered Accountants Norwich

Page 9

UNITAS

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

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
2025
£
942,421
776
943,197
692,740
692,740
250,457
255,066
250,457
505,523		 Total
funds
2025
£
942,421
776
943,197
692,740
692,740
250,457
255,066
250,457
505,523		 Total
funds
2024
£
612,289
3,936
616,225
947,563
947,563
(331,338)
586,404
(331,338)
255,066

Page 10

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

BALANCE SHEET AS AT 31 MARCH 2025

Note
Fixed assets
Intangible assets
10
Tangible assets
11
Current assets
Stocks
12
Debtors
13
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
14
Net current assets / liabilites
Total net assets
Charity funds
Unrestricted funds
15
Total funds		 3,377
138,799
278,410
420,586
(403,455)		 2025
£
487,074
1,318
488,392
17,131
505,523
505,523
505,523		 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

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

Date: 31st October 2025

Page 11

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

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025

The notes on pages 13 to 28 form part of these financial statements.

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		 2025
£
(198,084)
(91,021)
-
(91,021)
-
(289,105)
567,515
278,410		 2024
£
(406,582)
(150,145)
(2,865)
(153,010)
-
(559,592)
1,127,107
567,515

The notes on pages 13 to 28 form part of these financial statements

Page 12

UNITAS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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 13

UNITAS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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 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.

Where contracts included requirements or conditions which have not been met at the year end, income in respect of those conditions are deferred until it is probable they will be met and the income will be received.

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 14

UNITAS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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 at each reporting date for any indication of impairment, in accordance with Section 27.7 of FRS102. If any such indication exists, an estimate of the recoverable amount of the asset is made. If there is no indication of impairment, it is not necessary to estimate the recoverable amount. Any impairment losses are 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 15

UNITAS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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 16

UNITAS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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.

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 carrying value and impairment charges of capitalised training materials are sensitive to estimates of the recoverable value as detailed in note 2.5 and 2.7. Recoverable value is estimated by reference to anticipated future net income over course lives, using estimates of student numbers and fees.

Page 17

UNITAS (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

4. Income from charitable activities

Unrestricted
funds
2025
£
Foundation Degree - Criminal Justice
8,966
Apprenticeship
59,828
Social Policy
6,446
Management & Coaching
2,398
Dissertation
11,189
YJEPC
152,370
Foundation Degree - Youth Justice
649,688
EPA
36,328
Criminology
17,723
Support
7,485
Arts Council England
(10,000)
Total 2024
612,289		 Total
funds
2025
£
8,966
59,828
6,446
2,398
11,189
152,370
649,688
36,328
17,723
7,485
(10,000)
612,289		 Total
funds
2024
£
2,433
22,751
5,340
12,262
3,935
146,131
355,759
48,929
13,589
1,160
-

The negative £10,000 Arts Council England income relates to a write back of accrued income from previous periods, that is no longer expected to be received.

5. Investment income

Unrestricted
funds
2025
£
Bank interest receivable
776
Total 2024
3,936		 Total
funds
2025
£
776
3,936		 Total
funds
2024
£
3,936

Page 18

UNITAS (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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
2025
£
19,035
26,663
7,150
8,123
11,308
52,151
56,659
167,476
24,708
373,273
471,628		 Support
costs
2025
£
13,709
59,177
7,657
7,965
12,345
18,016
70,815
113,555
16,228
319,467
475,935		 Total
funds
2025
£
32,744
85,840
14,807
16,088
23,653
70,167
127,474
281,031
40,936
692,740
947,563		 Total
funds
2024
£
37,920
132,584
16,654
33,775
18,935
74,696
194,753
365,612
72,634
947,563

Analysis of support costs

Page 19

UNITAS (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

6. Analysis of expenditure by activities (continued) Analysis of support costs (continued)

Staff costs
Depreciation
Office costs
Property rent
Interest payable
Sundry expenses
Capital manager resources
Irrecoverable VAT
Meetings and travel
Marketing
Legal and professional fees
Bad debts
7.
Independent examiner's remuneration
Fees payable to the company's independent examiner for the independent
examination of the company's annual accounts		 Total
funds
2025
£
138,632
89,454
31,636
20,208
902
4,427
9,027
-
3,441
14,162
7,578
-
319,467
2025
£
6,250		 Total
funds
2024
£
194,929
141,227
36,112
31,000
652
6,417
12,563
3,020
6,536
18,946
16,933
7,600
475,935
2024
£
5,550

Page 20

UNITAS (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2025
£
140,689
14,354
17,313
172,356		 2024
£
216,195
18,725
20,235
255,155

The above costs, totalling £172,356 (2024: £255,155) reflect general wages that are included within expenditure in the Statement of Financial Activities. A further £17,278 (2024: £21,234) of wages costs have been capitalised.

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

2025 2024
No. No.
4 6

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

2025 2024
No. No.
In the band £70,001 - £80,000 1 -
In the band £90,001 - £100,000 - 1

Key management personnel consist of the Trustees, the Chief Executive and the Commerical Director. Emoluments (including employer's national insurance and pension contributions) paid to members of the key management personnel totalled £149,451 (2024: £150,500).

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL) .

Page 21

(A company limited by guarantee)

UNITAS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10. Intangible assets

Cost
At 1 April 2024
Additions
At 31 March 2025
Amortisation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
11.
Tangible fixed assets
Cost or valuation
At 1 April 2024
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025		 Book
Publishing
Rights
£
11,410
-
11,410
11,410
-
11,410
-
-		 Training
Materials
£
1,263,131
84,668
1,347,799
784,949
81,674
866,623
481,176
478,182		 Website
£
49,306
6,353
55,659
30,938
18,823
49,761
5,898
18,368		 Total
£
1,323,847
91,021
1,414,868
827,297
100,497
927,794
487,074
496,550
Office
equipment
£
28,312
28,312
25,905
1,089
26,994

Page 22

UNITAS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

11. Tangible fixed assets (continued)

Net book value
At 31 March 2025
At 31 March 2024		 Office
equipment
£
1,318
2,407

Page 23

UNITAS (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

12. Stocks

Finished goods and goods for resale
13.
Debtors
Due within one year
Trade debtors
Prepayments and accrued income		 2025
£
3,377
2025
£
104,419
34,380
138,799		 2024
£
2,492
2024
£
88,428
46,382
134,810

14. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2025
£
95,920
4,806
228
302,501
403,455		 2024
£
30,548
5,184
182
912,794
948,708

Page 24

UNITAS (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

15. Statement of funds

Statement of funds - current year
Balance at 1
April 2024
£
Unrestricted funds
General Funds
255,066
Statement of funds - prior year
Balance at
1 April 2023
£
Unrestricted funds
General Funds
586,404		 Income
£
Expenditure
£
953,197
(702,740)
Income
£
Expenditure
£
616,225
(947,563)		 Balance at
31 March
2025
£
505,523
Balance at
31 March
2024
£
255,066

Page 25

UNITAS (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

16. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Tangible fixed assets
1,318
Intangible fixed assets
487,074
Current assets
420,586
Creditors due within one year
(403,455)
Total
505,523		 Total
funds
2025
£
1,318
487,074
420,586
(403,455)
505,523

Analysis of net assets between funds - prior year

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

Page 26

UNITAS (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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

Net income/expenditure for the year (as per Statement of Financial
Activities)
Adjustments for:
Amortisation and depreciation charges
Decrease/(increase) in stocks
Decrease/(increase) 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
2024
£
Cash at bank and in hand
567,515		 2025
£
250,457
101,586
(885)
(3,989)
(545,253)
(198,084)
2025
£
278,410
278,410
Cash flows
£
(289,105)		 2024
£
(331,338)
123,062
4,479
54,965
(257,750)
(406,582)
2024
£
567,515
567,515
At 31 March
2025
£
278,410

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 £17,313 (2024 - £20,235). 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 2025

21. Operating lease commitments

At 31 March 2025 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		 2025
£
9,685
2,243
11,928		 2024
£
28,661
4,751
33,412

22. Related party transactions

In the year, R Allen (Trustee) provided content writing services for course materials, amounting to £224 (2024: £1,930).

Trustee travel expenses totalling £nil (2024: £192) were reimbursed to trustees (2024: 2).

Page 28