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2022-04-05-accounts

Company Registered No. 06738318 Charity number: 1141054

FIRST UNVERSAL ENTERPRISES LIMITED (A company limited by guarantee)

UNAUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2022

FIRST UNIVERSAL ENTERPRISES LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

CONTENTS

Page
Officers and advisers 1
Directors' and trustees' report 2 - 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10
Notes to the accounts 11 - 15

FIRST UNIVERSAL ENTERPRISES LIMITED

OFFICERS AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022

OFFICERS

Directors and Trustees

Colin Bernard Adrian McGregor Donovan Johnson

ADVISERS

Bankers Accountants Registered Office and Address

Co-Operative Bank 4-5 Exchange Walk Nottingham NG1

M Aslam Accountants Ltd 259 Mansfield Road Nottingham NG1 3FT

Unit 7 Ellesmere Crescent Business Park Sherwood Nottingham NG5 1DX

1

FIRST UNIVERSAL ENTERPRISES LIMITED

DIRECTORS' AND TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their report and accounts for the year ended 31 March 2022.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Memorandum and Articles, the Companies Act 2006 and 'Accounting and Reporting by Charities: 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 2020').

STRUCTURE, GOVERNANCE AND MANAGEMENT

Status and administration

First Universal Enterprises Limited was incorporated as a company limited by guarantee and not having a share capital on 31 October 2008 under the Memorandum and Articles of Association (Registered No. 06738318). The company registered as a charity on 1 April 2011 (Registered No. 1141054). The Charity is also known as FUEL. FUEL is a charity which operates as a Alternative Education Provider.

Trustees

The trustees of the company are also directors of the charity. Those who served during the period were as follows:

C Bernard A McGregor D Johnson

Recruitment and training of trustees

The directors of the company are charity trustees as defined by the Charities Act 2011. The charity or the directors themselves may, by ordinary resolution, appoint new directors who are willing to act. New directors are required in order that the total number of directors does not fall below three. New directors must be deemed qualified and capable of managing the business of the charity and exercising powers on its behalf. Directors do not serve a minimum or maximum period.

Induction of trustees

All new trustees are given the book "Responsibility of Charity Trustees" on appointment as well as a copy of the company's Memorandum and Articles of Association.

Organisational management

The directors as the trustees of the charity, are legally responsible for the overall management of FUEL and meet at regular intervals. Although Trustees may delegate specific aspects of FUEL governance to sub-committees, working groups, the management team, etc, the ultimate responsibility for taking decisions vests in the Trustees acting together as the FUEL board

Risk assessment and management

The board has assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity and are satisfied that systems are in place to mitigate our exposure to the major risks. The Trustees do not believe the charity is subject to any substantial risk beyond the liabilities disclosed in the Annual Report and Accounts. The charity has public liability and employer liability insurance to protect the charity in the case of a claim.

The Trustees, having taken advice, have introduced risk management processes to assess risks and implement risk management strategies. These include regular risk assessments by appropriately trained members of staff.

2

FIRST UNIVERSAL ENTERPRISES LIMITED

DIRECTORS' AND TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022

OBJECTIVES AND ACTIVITIES

The Trustees have referred to the Charity Commission's general guidance on public benefit to ensure compliance when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the FUEL'S charitable objects, which are as follows:

STRATEGIES FOR ACHIEVING OBJECTIVE

For the Board of Trustees to work in partnership with key stakeholders including

Significant activities contributing to the achievement of these objectives.

There are a range of activities required to meet the objectives outlined above these include:

FUEL mission is as follows:

First Universal Enterprises Limited (FUEL) seeks to transform lives by helping those most in need to gain fulfilling and sustainable employment. We aim to meet the unique educational, social, and emotional needs of our diverse pupil group in a safe and nurturing environment.

We aim to both encourage and empower pupils to develop skills necessary to pursue post 16 opportunities and give a lifelong love of learning.

At FUEL we focus on developing the “whole pupil,” by teaching and reinforcing academic, personal and the social skills needed for them to achieve success and move onto productive citizenship.

FUEL achieves its Mission by:

3

FIRST UNIVERSAL ENTERPRISES LIMITED

DIRECTORS' AND TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022

continued:

FUEL core services can be summarised as follows:

Our educational and pastoral delivery is engaging and encourages aspiration, challenging personal potential. Outcomes for pupils are extremely positive. Our qualifications are carefully selected from either the KS4 performance tables or are highly industry recognised which offer direct pathways into further education, employment or apprenticeships.

These courses offer a flexible and high-quality alternative to a traditional mainstream school curriculum, whilst still trying to ensure pupils can access and achieve core GCSE subjects which supports them in their adult lives and helps them to achieve economic wellbeing. FUEL gained Independent School Status in January 2017 and had our first full Ofsted inspection in January 2018. FUEL was graded good in all areas. Directors are heavily involved in all areas of operations and day to day running of the provision and are actively involved in leading and supporting change and improvement. Having this presence allows for fast responses to any identified issues or interventions deemed necessary. FUEL was graded Gold for Leadership and Management in our last NCSEP inspection and Good in our Ofsted inspection in January 2018.

Ofsted key findings included the following: -

“Senior leaders monitor and improve the quality of the curriculum and of teaching on an ongoing basis. They have a thorough understanding of the school’s strengths and they take decisive action to address any concerns.

“Senior leaders demonstrate dedication and commitment to improving life chances for pupils who have not previously experienced success in their education.”

4

FIRST UNIVERSAL ENTERPRISES LIMITED

DIRECTORS' AND TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022

Achievements and Performance

Schools were forced to close on 20[th] March 2020 due to the Coronavirus pandemic. In

1508 welfare calls were made during this period, 104 incidents were recorded against the reached one week with no contact with pupil which related to 31 pupils, this prompted 217 home visits throughout this period.

FUEL in the Community

In October 2017 FUEL started a community development focus on training adults in the community. We continue to deliver accredited programmes that offer progression routes for adults.

FUEL had been delivering 12-week introduction courses in Construction and Motor Mechanics. These courses are aimed and designed for a specific client group of Syrian Refugees that we have been working with. We had also been successfully delivered the CSCS card programme to Syrian adult learners for Nottingham City Council. These bespoke programmes aim to ensure these adult learners have a direct pathway into employment. Initially, these courses were delivered with the aim of learners achieving award level qualifications, but due to the success of the courses, they were extended to enable learners to obtain the higher-level qualifications such as certificates and diplomas and we have also been able to offer a wider range of qualifications.

Due to Covid 19 these programmes were postponed and we aim to resume them as soon as permitted.

We have continued our involvement within the community and have again sponsored an inner-city football team. These sessions run every week at a local sports centre, and the team won both the Summer and Winter league last year. We have also sponsored some holiday sessions to give young people somewhere to go during the holiday periods and linked in with the Youth Justice Service who also got involved with these.

Our subscription to Fairshare has allowed us to further expand the food delivery scheme where families in need receive a weekly food hamper. Families in need are identified in a number of ways either from pupils identified as being in need from our school or by referral from the numerous community organisations we work in partnership with. These organisations work with disadvantaged families so referrals from these are generally for families with great need. We also take referrals from the local church and work closely with local Councillors. The food delivery scheme was significantly increased due to the pandemic. FUEL also ran a numerous foodbank in the NG8 area with the locol councillors.

Our membership to In Kind Direct (In Kind Direct is the UK charity distributing consumer goods donated by companies to UK charitable organisations working in the UK and overseas) was fully utilised during the pandemic, this allowed us to purchase household cleaning products, toiletries, toilet rolls etc at a discounted price so give away to families in need.

5

FIRST UNIVERSAL ENTERPRISES LIMITED

DIRECTORS' AND TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022

FUEL'S Beneficiaries

In keeping with FUEL's charitable objectives, FUEL continues to reach and work with clients who are disadvantaged in the labour market. This includes candidates who face different and multiple barriers to work; people who are hard to reach and who often need non-mainstreamed services and support. FUEL has an ability to reach into communities and provide services to such groups and to help them increase their employability and gain employment through education and training. This year our client profile was as follows:

FUEL'S Reserves Policy

The current reserve policy is to maintain sufficient cash flows for known commitments.

Core costs : In line with SORP guidelines, FUEL strives to incorporate core costs into project budgets. However, it is recognised that this is not always possible and that for some years provision needs to be made to cover core costs at the outset of each year where necessary.

Financial Review and Results for the year

The financial results for the year are set out on pages 9- 15.

6

FIRST UNIVERSAL ENTERPRISES LIMITED

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022

Trustees' responsibilities

The trustees who are also directors of FUEL for the purpose of company law, are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In preparing these financial statements the trustees are required to:

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the accounts comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

This report was approved by the board on 03/02/2023

and signed on its behalf by:

......................................................

A McGregor Director / Trustee

First Universal Enterprises Limited Unit 7 Ellesmere Crescent Business Park Sherwood NOTTINGHAM NG5 1DX

7

FIRST UNIVERSAL ENTERPRISES LIMITED

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FIRST UNIVERSAL ENTERPRISES LIMITED FOR THE YEAR ENDED 31 MARCH 2022

I report on the accounts of the charity for the year ended 31 March 2022, set out on pages 9-15.

Respective responsibilities of trustees and examiner

The charity's trustees, who are also the directors of First Universal Enterprises Limited for the purposes of company law, are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section144(2) of the Charities Act 2011 (the '2011 Act') and that an independent examination is needed. The Charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Certified Public Accountants Association.

Having satisfied myself that the charity is not subject to audit under the company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with section 386 of the Companies Act 2006; and

  3. to prepare financial statements which accord with the accounting records, comply with accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice; Accounting and Reporting by Charities

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding or the accounts to be reached.

S Raja ACPA M Aslam Accountants Ltd 259 Mansfield road Nottingham NG1 3FT

Dated :03/02/2023

8

FIRST UNIVERSAL ENTERPRISES LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Notes
Incoming Resources
Activities in furtherance of the charity's objects:
Training and employment
2
Grants and Donations
3
Investment income
Other incoming resources
Total incoming resources
Resources expended
Charitable expenditure
Training and employment
5
Governance costs
Total resources expended
Net incoming/(outgoing) resources
for the year
5
Prior year adjustment
Funds at the start of the year
Funds at the end of the year		 Unrestricted
Funds
£
739,946
117,368
-
593
857,906
842,231
19,002
861,232
(3,326)
(13,149)
306,134
289,659		 Restricted
Funds
-
13,000
-
13,000
20,399
-
20,399
(7,399)
-
-
(7,399)		 Total 2022
739,946
130,368
593
870,906
862,630
19,002
881,632
(10,726)
(13,149)
306,134
282,259		 Total 2021
£
725,191
131,339
535
857,065
861,177
18,983
880,159
(23,094)
-
329,228
306,134

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 10 to the financial statements.

The notes form part of these financial statements 9

FIRST UNIVERSAL ENTERPRISES LIMITED

BALANCE SHEET AS AT 31 MARCH 2022

FIXED ASSETS
CURRENT ASSETS
Debtors
Cash at bank and in hand
Total Current Asset
CREDITORS:
Amounts due within one year
NET CURRENT ASSETS/ (LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITES
CREDITORS:
Amounts falling due after more than one year
Net Assets
FUNDS
Unrestricted Funds
Restricted Funds
TOTAL FUNDS		 Notes £
159,754
49,200
208,954
(24,602)		 2022
£
139,919
184,352
324,272
(42,013)
282,259
£
280,449
1,811
282,259		 2021
£
£
126,779
48,016
217,376
265,392
(36,037)
229,355
356,134
(50,000)
306,134
£
296,924
9,210
306,134
7
8
9
10
11

The directors are satisfied that the company is entitled to exemption from the audit requirement contained in Section 477 of the Companies Act 2006 for the year ended 31 March 2022. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts.

The directors acknowledge their responsibilities for:

The accounts were approved by the board on 03/02/2023 and on its behalf by:

.......................................................................

A McGregor Director / Trustee

Company number : 06738318 Charity number:1141054

The notes form part of these financial statements 10

FIRST UNIVERSAL ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting Policies

Charity Information

First Universal Enterprises Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit 7, Ellesmere Crescent, Business Park, Sherwood, Nottingham, NG5 1DX.

(a) Basis of Accounting

The accounts have been prepared in accordance with the charity's Articles of Association, the Companies Act 2006 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 2020)and the Charities Act 2011. The charity is a Public Benefit Entity as defined by FRS 102

The accounts have been prepared on the historical cost basis. The accounts are prepared in sterling, which is the functional currency of the charity.

Going concern

At time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in

(b) Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

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

(c) Incoming Resources

All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of incomes

Fees, grants, donations and gifts received are included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.

Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.

Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.

The notes form part of these financial statements 11

FIRST UNIVERSAL ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

(d) Resources Expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include independent examination fees and accountancy fees and other costs linked to the strategic management of the charity.

(e) Tangible Fixed Assets

Fixed assets are stated at costs less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, on the following basis:

Leasehold Building - Straight line over 28 years Fixtures & Fittings - 15% reducing balance IT Equipment - 30% reducing balance Motor Van - 20% on cost

(f) Taxation

The Company is not subject to Corporation tax being a charity.

(f) Company Status

The Company is limited by Guarantee and does not have a Share Capital. The liability of the members in the event of the company being liquidated is limited to £1 per member.

2 Training and employment income

Nottingham City Schools
Nottingham County Schools
Total
3
Donations and Grants
Sundry Grants and Donations
Restricted Grants
Furlough Grant		 Unrestricted
funds
£
661,176
78,770
739,946
£
105,250
12,118
117,368		 Restricted
funds
£
-
-
-
£
13,000
13,000		 Total
2022
£
661,176
78,770
739,946
£
105,250
13,000
12,118
130,368		 Total
2021
£
586,389
138,803
725,191
4,006
20,515
106,818
131,339

4 Restricted funds: B/Fwd balance £9,200 from Education and training foundation. Received £12,000 in the year and spent £19,399 (note 5) on training staff. Balance of £1,811 C/fwd to next year. £1,000 of Food donation received from Nottingham City Council in year was distributed as food parcels to other charities (note 5)

The notes form part of these financial statements 12

FIRST UNIVERSAL ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

5
Charitable Expenditure
Staff Costs (note 6)
Pensions
Payroll Administration
Staff Training
Educational Trainers
Professional Membership Fees
Rent & Service Charges
Rates
Water
Electricity & Gas
Insurance
Cleaning & Waste Disposal
Covid 19 Expenses
Telephone & Broadband
Computer Software & Licenses
Stationery, Printing & Postage
Hire of Equipment & Tools
Repairs & Maintenance
Independent Examiner Fee
Travel and Subsistence
Mini Bus Expenses
Charitable Contributions
Free School Meals
Achievement Awards
Exam Fees
Materials
Staff welfare
Committee Expenses
Bank charges
Depreciation
Sundry
Other Office Expenses
Promotion		 Training &
Employment
£
457,554
31,357
-
10,244
79,240
5,048
25,452
2,586
1,373
10,442
9,158
17,851
27,000
8,395
20,069
9,512
2,929
9,058
6,128
6,944
23,575
14,721
5,738
3,518
2,662
2,361
4,326
1,041
28,868
10,700
3,357
1,024
842,231		 Restricted
Funds
19,399
-
-
1,000
20,399		 Governance
Cost
£
16,950
852
1,200
19,002		 2022
Total
£
493,903
31,357
852
10,244
79,240
5,048
25,452
2,586
1,373
10,442
9,158
17,851
27,000
8,395
20,069
9,512
2,929
9,058
1,200
6,128
6,944
24,575
14,721
5,738
3,518
2,662
2,361
4,326
1,041
28,868
10,700
3,357
1,024
881,632		 2021
Total
£
552,847
36,846
933
5,502
57,133
734
27,267
2,730
2,044
7,905
9,933
4,794
27,184
9,353
11,885
9,496
573
9,690
1,100
842
5,568
20,880
12,180
3,736
7,470
2,719
1,273
784
850
30,828
6,435
4,273
4,371
880,159

The notes form part of these financial statements13

FIRST UNIVERSAL ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

5 Net outgoing resources is stated after charging:

Depreciation
Independent Examiners' Fee
Staff Costs
Salaries & Wages
Pension
Social Security Costs		 2022
£
28,868
1,200
30,068
2022
£
393,057
31,357
100,846
525,261		 2021
£
30,828
1,100
31,928
2021
£
427,666
36,846
125,181
589,693

6 Staff Costs

No employees earned more than £60,000 per annum.

The Charity contributes to a defined pension scheme operated with the new auto-enrolment legislation. The assets are held and administered by Now Pension. The pension cost represents contributions payable by the Charity to the pension scheme.

A McGregor a director received remuneration of £0 (2021: £30,269) in an operational capacity and claimed travelling expenses totalling £814.86.

The average monthly number of employees in the period was 29 (2021: 27), calculated on the basis of full time equivalents the average number was as follows:

Training and Employment
Administration		 2022
number
24
5
29		 2021
number
24
5
29

The notes form part of these financial statements14

FIRST UNIVERSAL ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

7
Tangible Assets
Cost or Valuation
At 31 March 2021
Addition
Disposals
At 31 March 2022
Depreciation
At 31 March 2021
Charge for the year
Disposals
At 31 March 2022
Net Book Value
At 31 March 2022
At 31 March 2021
8
Debtors
Trade Debtors
Prepayments
9
Creditors: Amount falling
Trade Creditors
Other Creditors & Accruals
Taxation & Social Security
10
Creditors: Amount falling
Bounce Back Loan		 Building
Fixtures
Lease
& Fittings
£
£
30,500
118,284
-
20,940
-
-
30,500
139,224
1,933
48,146
1,089
13,663
-
3,022
61,809
27,478
77,415
28,567
70,138
due more than one year:
due more than one year:		 IT
Equipment
£
87,737
5,766
-
93,503
56,924
10,975
-
67,898
25,605
30,813
2022
£
144,907
14,847
159,754
2022
£
8,610
6,334
9,658
24,602
2022
£
42,013
42,013		 Motor
Van
£
24,851
-
-
24,851
12,289
3,141
-
15,430
9,421
12,563		 Total
£
261,372
26,706
-
288,078
119,291
28,868
-
148,159
139,919
142,081
2021
£
41,612
6,404
48,016
2021
£
19,604
4,906
11,527
36,037
2021
£
50,000
50,000

The Bounce Back Loan was taken on 11 June 2020, to provide additional cash flow to fund charitable activities during Covid 19 pandemic. The loan is repayable over 6 years at an interest rate of 2.5%

The notes form part of these financial statements 15

FIRST UNIVERSAL ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

11 Movement In Funds

Unrestricted Funds
Restricted Funds
Prior year adjustment
TOTAL FUNDS		 At 1/4/21
£
296,924
9,210
306,134
(13,149)
292,985		 Net
Movement in
funds
£
(3,326)
(7,399)
-
-
(10,726)		 At 31/3/22
£
293,598
1,811
295,408
(13,149)
282,259

Net movement in funds, included in the above are as follows:

Unrestricted Funds
Restricted Funds
TOTAL FUNDS		 Incoming
resources
857,906
13,000
870,906		 Resources
expended
(861,232)
(20,399)
(881,632)		 Movement
in funds
(3,326)
(7,399)
(10,726)

12 Related party transactions

The director A McGregor's brother was employed by the charity and paid a remuneration of £16,145.84 (2021:£15,767).

13 Controlling Party

The company is under the control of the Board and no one person has ultimate control.

The notes form part of these financial statements 16