FUEL
Company Registered No. 06738318
Charity number- 1141054
Imaglne
Believ•
Achi7eve
FIRST UNVERSAL ENTERPRISES LIMITED
(A company limited by guarantee)
UNAUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
01A
ril 2024 - 31 AUGUST 2024

FIRST UNIVERSAL ENTERPRISES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
CONTENTS
Page
offi￿rS and advisers
Directors. and trustees, report
Independent examiner's report
Statement of financial activities
Balance sheet
10
Notes to the accounts

FIRST UNIVERSAL ENTERPRISES LIMITED
OFFICERS AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
OFFICERS
Directors and Trustees
Colin Bernard
Adrian McGregor
Donovan Johnson
ADVISERS
Bankers
Co-operative Bank
4-5 Exchange Walk
Nottingham
NG1
Accountants
Tom Geraghty & Associates
3840 North Gate
Newark
Nottinghamshire
NG24 1 EZ
Registered Office
and Address
Unit 7
Ellesmere Crescent
Business Park
Sherwood
Nottingham
NG5 1DX

FIRST UNIVERSAL ENTERPRISES LIMITED
DIRECTORS, AND TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The trustees present their report and accounts for the year ended 31 August 2024
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 ISORPI, applicable to charib'es preparing their accounts in
accordance wf(h the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211 effective 1
January 2020,1.
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. 067383181. The
company ￿gIstered as a charity on 1 April 2011 (Registered Nc). 11410541. The Charity is also known as FUEL.
FUEL is a charity which operates as a Aternative Education Provider.
Trustses
Thè trustéas of thè company aré also diractors of the charity. Those who sérvèd during thè pèriod wèrè 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 Chaiilies Ad 2011. The charity or the directors
themselves may, by ordinary resolution, appoint new directors who are willing to act. New directors are reqUI￿d 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
m8ximum 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.
Organi$ational manag¢m¢nt
The directors as the trustees of the charity, are legalty responsible for the overall management of FUEL and meet at
regular inletvals. Although Trustees may delegate specific aspects of FUEL goveinance lo sUb-￿mMittees, working
groLJPS. the management team, ète. thé ultimate ￿SpOnsIbl11ty for taking decisions vests in the Trustees acting
together as the FUEL board
Risk assessment and management
The board has assessed the major risks lo which the charity is exposed, in particular those related lo the operations
and finances of the ¢harily and are satislied that systems are in place lo mitigate our exposure to the major risks. The
Trustees do not believe the charity is subject to any substsntial risk beyond the liabilities disclosed in the Annual
Report and Accounts. The charity has public liability and employer liabilty insurance to protect the charity in the case
of a claim.
The Trustees, having taken advice, have introduced risk management processes to assess risks and implement risk
management strategies. These Include regular risk asses$menl$ by appropriately trained members of staff.

FIRST UNIVERSAL ENTERPRISES LIMITED
DIRECTORS. AND TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
OWECTIVES AND ACTIVITIES
The TIu51ees have referred to the Charity Cotnrnission'5 general guidance on public benefit to ensure Complian￿ when
reviewing the charity's airns and objectives and in planning its future activities. In particular, the trustees consider how
planned activitie8 will contribute to the FUEL'S ch8ritable objects, which are as follows..
al To relieve poverty hardship by providing education. training and advice and assistance to those in need of such
servi￿$ by reason of their social and e¢onomi¢ circumstan￿$.
bl The further raising of the standard$ of care for the young people attending
el The In¢￿aSe of standards of Education ftsr those young people
dl To move closer to financial stsbility
STRATEGIES FOR ACHIEVING OBJECTIVE
For the Board of Trustees to work in partnership with key Stskeholders in¢luding
al Staff
bl Parents
cl Other Providers
dl Other Voluntary Groups
Significant activities Contributing to the achievement of these objectives.
There are a range of activities required to meet the objectives outlined sbove these include..
al Strategic structured in-house training for staff.,
bl Grant applications for planned proje¢ts'.
el Operational meetings with staff",
FUEL ml8slon Is as follows:
First Universal Enterprises Limitèd IFUELI seeks to transform lives by helping thosa most in need to gain fulfilling 8nd
sustsinable employment. We aim to meet the unique educational. social, and emotion81 need8 of our diverse pupil group in a
safe and nurturing environment.
We aim to both en¢ouffjge and empower pupils to develop skills ne￿$sary to pursue post 16 opportunrties and give a
lifelong love of leaming.
At FUEL we focus on developing the"whole pupil," by teaching and reinforang acadernic, personal and the Social ski115
needed for them to achieve success and move onto productive ￿tIZenShip.
FUEL achieves its Mission by:
Successfully tsiloring a program to meet the needs of each pupil, appropriatèly challenging their capabiliti8s and
leading to routes in to further education, training. apprenticeships and employment. We have developed our
Teaching. Learning 8nd Assessment Quality Improvement Plan which focuses directly on observation8 and
continually raises quality of delivery and ensures that qualifications are achieved at the highest of standards,
uttimately improving outcomes for pupils. We have SUC￿$$fullY expanded our programme to Include further
GCSE 5ubiec15 to enh3nce further our offer and ensure that pupils have the opportunity to leave FUEL wth a full
and balanced set of qualifications.
Developing partnerships with colleges, apprenticeship providers and employers to S5Si5t our dienl group in
moving forward into positive destinations.

FIRST UNIVERSAL ENTERPRISES LIMITED
DIRECTORS. AND TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
continued..
Working in collaboration with other provider3 and in the community to increase a¢￿$S to training and
employment for our target client group.
FUEL have a Gle3r vision and progress has been m8de to further develop the school and improve the curriculum
and quality. the curiiculurn is being expanded and improved upon year on year and we are striving to ensure we
continue to develop the school further in terms of cuiiiculum. quality and facilities on offer.
FUEL core $8rviceB can be 8urnmarised as follow8..
Education.. FUEL has been working vlith young people who have been pemianently exduded or on
the veige of pe￿arnent exclusion frotn mainstream school enviiontnents In KS314 since 2009. The
majority of our pupils are from highly depiived backgrounds and have either speaal educational or
emotional needs.
Combined. staff at FUEL have over 20 years ol experience In supporting educab.onal provision and
have experience In disciplines such as Teaching, Youth Work, Social Care, Criminology and
Psychology.
We have a proven history ol delivery and engaging with those pupils who require extra support
around their Behavioural, Emotional and Social Development18ESDI by breaking down the barriers
ich young people lace on a day to day basis and support them to progress either through re-
integration back into mainstream schools, post 16 education, employment or apprentI￿shIps.
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 apprentiTrships.
These courses offer a flexible and high-quality alternative to a traditional rnainstream school
curriculum, whilst still trying lo ensure pupils can access and achieve core GCSE subjects which
supports them in their adult lives and helps them to achieve econorric 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
ale actively involved in leading 8nd supporting change 8nd improvernent. Having this presenTr allows
for fast responses to any identified issues or interventions deetned necessary.
FUEL was graded Gold for Leadership and Management In our135t NCSEP Inspection and Good in
our Of5ted inspection in Janu3ry 2018.
Ofsted key finding5 Included the followng".-
"Senior leaders monitor and Impiove the quality of the (xrriculum 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 ￿M￿ltsment to improving life ch3nce5 for pupils
who have not previously experienced success in their education."
Information Advice and Guidance= Identifying care8r goa15 and skills n8eded and foitning a plan
regaiding progression routes e8rly on is key in ensuring pupils progress into positive destinations.
C3ieer IAG Ilnformation, AdviTr and Guidance) support is provided to all young people.
FUEL stsff are Level 2-6 IAG certified. Each pupil has a progres5 plan which m8p5 continued
ohievement and how this relates to their required P05t 16 destination to college, further educab"on.
appientlC85hip or tiaining. FUEL hav8 close link5 Wlth local colleges and work c105ely with thern in
oidei to ensure pupils have the correct information and advice available to them a5 500n a5 Possible.
Prè- Employmant Trdining.. Our carefully selected progiammes endeavour to bring suitable
unemployed candidates up to industry recognised standards sel by employers for a range of jobs and
th8ref018 enhancing their etnploy3bility.

FIRST UNIVERSAL ENTERPRISES LIMITED
DIRECTORS, AND TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
A¢hlevempnts antl Perfom¥n¢e
FUEL'S mission 1510 relieve poverty 8nd meet the unique educational. swal. and emotion81 needs of ourdiver5e pupil group I
environmenl We aim lo tM)Ih encourage and emwwer pupiL% lo devdop skills ne￿Saryt0 pursue wsl 16 opporiunilies and E
ming. At FUEL wefocus on devekjping Ihe"whole sludenl." byteaching and reinforcing academic, personal and Ihe s￿la1.,
to athieve success and move onlo productive citizenship.
FUEL is an Otstsd rated Good Independent School which provideg beswke packages to youno people in key Stsges 3 and 4
Education81 Needs 2nd Disaknlilles ISENDI, which combines more tradthon818cademl¢ subjectswlh vocaiional1&8rniny.
We tAtsr forth0$6 young pèople who strugg￿ in mainstream enwronments whtth6r h8v8 bèèn pèmian6niiy tx¢lud6d or.,
those wlhoul a school pl8Ca 8nd Ihosewho disengaged or 81 risk of becomlng NEET. Our strength is eng8ging wlh those
extra support around their Soc181. Emotional and ￿ent81 He811h needs ISEMHI and who are neU￿￿1Ver$e. We break down the
people fa￿ on a da*10￿£Y basis lo suNM)rt them lo progress In education.
AI FUEL, Spe￿al educational needs are Very ImrN)rtanL As we are a specialist provision. pupils who come lo us generally neei
Ir8dilional school can offer. Whilst al FUEL, pupils h8ve the opportunity of a fresh start Mlh a f8vor¥b￿ ralio of staff lo pupils 8
where pupils can feel safe and reflecton their behav￿￿[ and ￿arnIng whiL%l having additional 5UPWrt for 50ci3l. ernotiond and
Qu21ityof leaching 15 very g(xNJ. regular learning walks and lesson observation5 take Pla￿ we r&introdU￿￿ e￿er￿al lesson c
and sottbe of Ihese were completed in Gonjunclion wlh the new Teaching and Learning Manager. FUEL also re￿iVed an Ofste
September, where the majority of teachers had lessons observed by iwo Ofsied inspector$. Teachets create an environment 11
10 focus on ￿aming which is r&fl6tt8d within our pupils, results, 8chlev6ménis and feedback. Addlli¢nal support has been pul I
leachers lo help them achieve a good quality of teaching and 10 provide 8 member of $￿tt who knows the pupils lo help devek
trust needed lo ensure learners are able to eng8ge and thu5 reTrive oood quality le8ching. Further support h85 been pl8nned'
yearto supwrt teachers who have found managing behaviour*or leaming challenging.
Over811 achievement for this 8¢ademic year were veryoood across all 8reas bul GCSE results were definiidy affected by the r
m4rkino and gradino stsnd8rds.
FUEL'S outstanding achievement were in Mechanics and Conslruclion. leamers re*ived ¥ lo￿1& pass raie in both vocalional
FUEL steks 10 Ir8nsfomi Ilvas by helping those mosi In need 10 g81n fLJMlling and Sustsin8￿fr education and empbyment.
As partof this FUEL is committed to ensuring Ihal all young pea￿e are given the skills and re50ur¢es to SLueed. and Ihis incl
every young person can eat hedlhy, balanced. nulrilious hotfood. Therefore. we fund a daily breakfast club forevery pupil whi
well as choosin9 to fund a free hol schtol dinner for every pupil including those not on free school meals.
FUEL in the Community
FUEL runs a food r&dislribulion and essential care pa￿1 ddivery servi￿ lo disadvantaged families within Nottingham, wlh r*
school and numerou5 extemal agencies including Fra[thev￿tk and Small Steps Big Changes ISSBCI. FUEL currentlydelivers
to f8milies. We 8lsD have add￿[￿81 emergency requests for food and loilelry parcds 8nd more referrals coming in each week.
regularly makes daliveries to additional families. FUEL worklng wlh ourlo¢81 Councillors have provid6d additional food 2nd es
Including winier food parcels each Christmas period to enawe a number of families 1¢ have food during Ihe school holidays,
fo￿ parcels and 85 essential care ￿rTrI5 ddivered to families of a k)¢al primary school who are in ￿e￿ipt of free school mea
eliveries lo thefamilies of Ihe pupils who attend FUEL. Everyweek FUEL utilises Fairshare lo fomi the basis ol the parc
addthonal fresh meal. fruit and vegetables from supprmatkets to ensure that the food parcelswe provide meet individual
and prowde enough fresh produce lo en￿b￿ each fami￿ to cook healthy, nutritional, balanced me8ls. Furthermore, FUEL fv8VÉ
Cards to f8milies lo show how lo Cook tha produce in the par¢61s 10 maka ht8lthy, nuirilion81ty h2￿ne*d meals on a budget usi
Slow Cookers lo support f8milies lo cook in ihe most economic￿ melhcl poswNe.
FUEL has also supported local disadvantage families In￿U￿lng those as ￿aSsed as living in r*)verty or living In fuel povertywil
while goods such as replacing 8 broken fridge orfreezer. providing free slow cookers lo our regularfood ￿r¢￿ recipients who
to use their main oven and have even purchased beds or bedding so children have 50me¥*here lo sleep when they are pla￿d
Alongside household items. FUEL have used In Kind Direct lo source a range of winter clothing induding coats lo enable us to
Olhef cli)Ihing lo thi￿re￿ of the famil￿$ we supportto ensure thai every thild we work ￿th has a¢￿SSwalM dolhing 8fid c
minimise tha isolation or polenii81 sh8m& of not having ￿0thIng to wearto education.
FUEL runs Communty learning programmes lo support vulnerable adullg gain the qualrficalions required lo enter employment
dellverlng Vrtaiional Ir8ining p￿ram￿*S to Afgh8n refugees for over 3 yeats. Thls has covared Construction Skills Courses.
Health and S8fely Courses. Communiiy First Aid Courses and Hsir and Beauty Courses. These courses have been run a r
methods including t¥￿Il9h¢ course5. holidaycourses. after school hour courses and 1-day stand-alone course5 In the last
attended Ihe refugee awards celebration evenino. handing OLrt over 30 ￿rtifiCateS of achievement lo the leamers who had co
courses al FUEL induding refugees on the previous Syrian refug& programme and the current Afghan refugee programme.
FUEL 5Wn50rs several local children's activities and young peo￿e'S football teams. am of vthom would be unable lo 0￿rateW
funding due lo the wverty levels and deprivation of the families of the children who parbcipate. FUEL fund these football team,.
and away kit, transport coslswith free use of their mini bus. FUEL have sUPPOrted the Under 16'steam since theyfirsl started
81so support an Und6r-18's team and in th6 L8S112 months have siartad 10 SUPWrt 8 girfs youth football tèam. 8Jl of thè iaam.
up of disadvant8ged young people. the rnaiority of whom are from f8milies wlh single p8renls who are registered living Wiihin
of deprivation n8lionally The sessions help divert young people from potential youth offending or anli-swal behaviour. bul als
people gain a passion for parbcipating in sport and developed soft skills from pwing within a leatm.

FIRST UNIVERSAL ENTERPRISES LIMITED
DIRECTORS. AND TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
FUEL'S Beneficiaries
In keeping wth FUEL'S charitable objectives, FUEL continues lo reach and work with clients who are
disadvantaged in the labour market. This includes candidates who face different and multiple barriers lo work.,
people who are hard to reach and who often need non-mainstreamed services and support. FUEL has an ability
lo reach Into communities and provide ServI￿S lo such groups and to help them Increase their employability and
gain employment through education and training. This year our client profile was as follows..
69.85°k were young people under 25 and 30.15 /a aged 25 +
51.220A were people assessed as having special educational needs ISENI.
30.490/0 were from ethnic minority groups.
Our client group was made up of 82.930A males and 17.07Vo females
67.07Vo of our client group was from a low income household
The majority of the client group face difficult and multiple barriers
FUEL'S Reserves Policy
The current reserve policy is to maintain sufficient cash flows for known commilmenls.
Core costs." In line with SORP guidelines, FUEL strives lo incorporate core costs into project budgets. However,
il is recognised that this is not a￿ayS possible and that for some years provision needs lo be made lo cover core
costs al the outset of each year where necessary.
Financial Rgvigw and Rg$ult$ for thg ygar
The financial results for the year are sel out on pages 9- 15.

FIRST UNIVERSAL ENTERPRISES LIMITED
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2024
Trustees. responsibilities
The Iruslees who are a150 direcltsrs 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 Kingdorn Generally Accepted Accounting Practice).
In preparing these financial stslemenl$ the trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prLJdenl',
state whether applicable UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financial statements., and
prepare the finan¢ial stslemenls on a going ¢on¢em basis unless it is inappropriate to
presume that the charitable company wll continue in operation.
The trustees are responsible for keeping adequate accounting records which disdose with reasonable
accuracy at any time the fi'nancial position of the company and to enable them to ensure that the accounts
Comply with the Companies Act 2006. The dire¢tors are also responsible for safeguarding the assets of
the charitable company and hence for tsking reasonable steps for the prevention and detection of fraud
and other irregularities.
In so far as the trustees are aware..
there is no relevant information of which the ¢haritable company's independent examiner is
unaware", and
the directors have tsken all steps that they ought to have taken to make themselves aware of
any relevant information and to estsblish that the independent examiner is aware of that
infotmalion.
This report was approved by the board on
and signed on its behalf by:
A McGregor
Diractor l Trusts
First Universal Enterprises Limited
Unit 7
Ellesmere Crescent
Business Park
Sherwood
NOTTINGHAM
NG5 1DX

FIRST UNIVERSAL ENTERPRISES LIMITED
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
FIRST UNIVERSAL ENTERPRISES LIMITED
FOR THE YEAR ENDED 31 AUGUST 2024
I report on the accounts of the charity for the year ended 31 August 2024. sel out on pages 9-15.
RoSP¢¢tIVo r¥$pon$ibilitios of tru$t¥•$ and ¢xaminor
The charitys trustees, who are also the directors of First Universal Enterprises Limited for the purposes of
company law. are responsible foi the preparation of the financial stslemenls. The Iruslees consider that an
audit is not required for this year under seetion144121 of the Charities Act 2011 Ithe'2011 Act'l and that an
independent examination is needed. The Charty's gross income exceeded £250,000 and l 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 lo".
examine the accounts under section 145 of the 2011 Act.,
follow the procedures laid down in the general directions given by the Charity
Commission (under section 145151 Ibl of the 2011 Act,. and
stale whether particular matters have come to my attention.
Basls of 1nd9￿nd9nt èxamlnèrfs report
My examination w85 carried out in accordance with the general direcb.ons given by the Charity Commission. An
examination includes a review tsf 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 piesent a 'lrue and fair view, and the report is limited lo those
matters set out in the statement below.
Independent examinerfs statement
In connection with my examination, no matter has come to my attention..
which gives me reasonable cause to believe that in any material respect the requirements..
to kèèp accounting rècords in accordance wth séction 386 of thè Companiès Act 2006, and
lo prepare finanual stslements whi¢h a¢¢ord with the a￿(>untIng records, ¢omply with a¢¢ounling
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 mel., or
to which, in my opinion, attention should be drawn in order to enable a proper understanding or the
accounts to be reached.
Tom Geraghty BSC. FCA
Tom Geraghty & Associates Ltd
38 North Gate
Newark
Nottinghamshire
NG24 1EZ
Dated '.

FIRST UNIVERSAL ENTERPRISES LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
R THE YEAR ENDED
Vnre9trictèd
FuNd*
Restri¢ted
Fund4
3110812024
3110312024
Incomlng Rosour¢o8
Adivi(rgs In tyrfh9r8nTrof Ihg ¢h8ntys gbJgGts
Training and &mployment
439.016
439.015
70,9
Invg¥lmenl in¢omg
Other incoming resources
1,476
Total Incomln9 re6011rc•$
439.015
439.Q1S
1,184,879
R¥#ourCI¥ •xpènd*d
Chantableexpenthtui
TrAinino and ÈmtAtyment
Governance costs
610,627
610,627
1.109.596
4.332
Totsl resoyrc•8 •xpondgd
510,927
510,$27
Iltt in¢omingllout90ingl règOu¥¢èg
fr>rthg ygor
71,$12
71,$12
70,951
PnOryÈèr&dJustment
Funds at the 9tart ofthe yeAr
266.854
70.900
255,803
*the •nil otlh• y•ar
184 342
326 754
l Df thEabDve TEsufts arEderIV￿ I￿J￿ continuing actiwties There were nDQther recagnised gains or1058es otherthan thDse Sta￿ above. Movements in
fund$ are dis￿$8￿ in Note 1010 thg financial &tatemgnt$.
Thg now¥form part of Ihgse financill s￿￿MentS 9

FIRST UNIVERSAL ENTERPRISES LIMITED
BALANCE SHEET AS AT 31 AUGUST 2024
3110812024
3110312024
Note8
FIXED ASSETS
130,626
122.226
CURRENT ASSETS
Debtors
28,233
20.991
Cash at bank and in hand
167,137
251.359
Total Current Asset
19S.371
272.350
CREDITORS..
Amounts due within one year
53,597
46.2211
NET CURRENT ASSETSI ILIABILITIESI
141,774
226,129
TOTAL ASSETS LESS CURRENT LIABILITES
272,400
348.355
CREDITORS..
Amounts falling due after more than one ye8r
10
17,166
21.602
Nel Assets
255,235
326,984
FUNDS
Unrestricted Fund5
Restricted Fund$
11
184,284
70,951
225,262
101.722
TOTAL FUNDS
266,236
326,984
The directors are satisfied that the company 18 entitled to exemption from the audit requirement
contained In Section 477 of the Companies Act 2006 for the year ended 31 August 2024
No member of the cotnpany has deposited a noti￿, pursuant to Section 476, requiring an audit
of these account8.
The directors ad(nowledge their responsibilities for.
ensuring that the company keeps accounting records which comply with section 388
of the Companie5 Act 2006", and
preparing account5 which give a tiue and fair view of the state of affai15 of the
company as at the end of the financial year and Df its incoming resources and
application of ￿SourCeS. Including Its income and expen￿rtu￿, for the financial year in
accordance wth the requirement5 of section5 394 and 395 and which othe￿iSe
comply with the requirements of the Companies Act 2006 relating to accounts. so far
as applicable lo the company.
The accounts were approved by the board on 0610612025
and on its behalf by..
A McGregor
Directorl Trustee
Company nurnber.. 06738318
Chanty number.'1141054
The notes fomi part of these financial statements 10

FIRST UNIVERSAL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accountlng Pollcles
Charity Information
First Universal Enterprises Limited is a private company limited by guarantee
incorporated in England and Wales. The regi51ered office is Unrt 7. Ellesrnere c￿es￿￿t,
Bu8ine88 Park, Shepwood. Nottingham, NG5 1DX.
lal 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 ISORPI applicable to charities preparing their accoun18 in
a¢¢ordan¢e with the Finantsal Reporting Standard applicable In the UK and Republic vf
Ireland IFRS 1021 (effective 1 January 2020land the Charities Act 2011. The charity is
Public Benefit Entsty as defined by FRS 102.
The accounts have b88n prepar8d on the historical cost basis. The accounts are
p￿pared In sterfing, whi¢h is the functional ¢urren¢y of the Charity.
Going concern
At time of approving the accounts. the trustees have a reasonable expectation that the
charity ha8 adequate re80urces lo continue In operational existence for the foreseeable
future. Thu5 the trustee5 Continue to adopt the going concem basis of accounting in
preparing the accounts.
Ibl Fund Accountlng
Un￿striCted fvnds are available for use al the discretion of the trustees in futheran¢e of
the general objectives of the charity.
Restricted funds can only be used for particular restricted purposes with the objec15 of
the charity. Reslriclion8 ar18e when specified by the donor or when fund8 rai8ed for
particular restricted purp05e5.
Icl Incoming Resources
All incoming resour￿$ are in¢luded in the Statement of Financial A¢tivilies when the
charity is enlided lo the income and the amount can be quantif￿ with reasonable
a￿￿raCy. The following spe¢ifi¢ poli¢ies are applied to parti¢ular categories of incomes
Fees, grants. donations and grfts received are In¢lJded in full In the Statement of
Finanual Actwities when receiv8ble. Grants, where entitkment is not conditional on the
delivery of a spe¢ifi¢ performan¢e by the ¢harity a￿ recffjnised when the charity
becomes unconditionally entitkd to the grant.
Donated services and facilities are induded al the value to the charity where this can be
ouanlified. The value of services provided by volunteers has not been Included In these
accounts.
Incorning resources frorn giants, where related to performance and 5pecrfic deliverables,
are accounted for as the charity eams the r￿ht to consideration by 118 performancè.
The notes fom part of these financial statements 11

FIRST UNIVERSAL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Idl Resources Expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure indudes 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
service5 for its beneficiaries. It includes both cost5 that can be allocated directly to such adivities and
those of an indirect nature necessary to support them.
Governan￿ costs include those costs associated wth meeting the constitutional and statutory
requirernents of the charity and indude Independent examination f8es and accountancy fees and other
costs linked to the strategic management of the charity.
(el TangSble Flxed Assets
Fixed assets are stated at costs less accumulated depreciation. Depreciation is piovided at rates
calculated to write off the cost of each asset over ils expected useful life, on the followng basis..
Leasehold Building Straight line over 28 years
Fixture5 & Fillings- 151¢ reduoing balance
IT Equipment- 30 /0 reducing balan
Motor Van - 20¢10 on cost
lfj Taxatlon
The Company is not subject to Corporation tax being a charity.
If) Company Ststus
The Company is limited by Guarantee and does not have 8 Shale Capital. The liability of the members
in the event of the cornpany being liquidated is limited to £1 per member.
Training and employment income
Unrestricted
funds
Restricted
funds
Total
3110812024
Totsl
3110312024
Nottingham Schools
439.015
439,015
1.114.007
Total
439,015
439.015
1.114,007
Donations and Grants
Sundry Grants and Donations
Restricted Grants
Furlough Grant
70,900
70,900
No grants received in the period
The notes form part of these financial statements 12

FIRST UNIVERSAL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 Au
uBt 2024
Training &
enl
Restricted
Funds
Governance
Cost
-24
Mar-24
Charitable Expenditure
staft Costs InolÈ 61
Pensions
P8yroll Admini8tration
Staff Training
Educational Trainers
Profession¥1 Membership Fees
Business Meeting
Rent & Setvi¢e Charge$
Rates
Water
Electrialy & Ga8
Insuran
Cleaning & Waste Disposal
Telephone & Broadband
Computer Sofiware & LiGense5
l.T. Sundry Equipment
Oth&r subscriptions
Stationery. Printing & Postage
Hire of Equipment & Tools
Safely testing & InpseclionlFirsl Aid
Repairs & Maintenance
Electri￿1 rterlls
Independent Accountant
Legal Service$
Travel and Sub$i$lÈnce
325,952
7,287
325.952
7,287
558
2,119
10,876
3,600
433
5.198
1.914
1,628
7,048
788,976
21,776
1,632
12,394
11,547
3,420
1,014
22,926
5,945
2,510
14,150
6,450
24,666
8,006
18,107
558
2,119
10,876
3,600
433
5.198
1.914
1,828
7,048
9,568
2,251
4.170
5.041
1.172
3,526
9,568
2,251
4.170
5.041
1.172
3,526
2,305
7,160
1,146
46,260
603
1,146
46,260
803
1.700
1,440
44,736
779
2,700
1,353
25,983
12,958
1.700
15.375
4,184
3,511
15.375
4,184
3,511
Ho8pil81ity
Free School Meals
AchEvement Awards
Materials
Staff weware
Entertainment Ilnternall
Committee Expenses
Bank charges
D&pr&cialion
Sundry
Other offi￿ Expenses
Prorllolion
Tools
PPE
15,101
7,652
5,451
1,216
1,627
4,360
1,296
937
1.fj51
4,360
1,296
937
1.651
498
29,024
1,058
5,318
498
29,024
1,058
5,318
2,116
25,162
5,549
4,962
491
595
410
580
fj85
580
fj85
508,269
2,258
510,527
1,112,432
The notes form part of these finanual 5ts1ements13

FIRST UNIVERSAL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Not outgoing ro$ourcg$ is Ststed after charging:
3110812024
3110312D24
Depreciation
Independent Examiners, Fee
29,024
500
24,933
2,700
29,524
27,633
Staff Costs
3110812024
3110312024
Salaries & Wages
Pension
Social Security Costs
270,688
7,287
55,264
655,443
21,776
133,533
333,239
810,752
No employees earned more than £60,ODO per annum.
The Charity conlribules lo a defined pension scheme operated wth the new aulo-enrolmenl
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 £012023.. £01 in an operational Capacity.
The average monthly number of employees in the period was x12023.. 291, calculated on the
basis of full time equivalents the average numbei was as follows".
3110812024
numbgr
3110312024
number
Training and Employment
Administration
24
24
29
29
The notes fomi part of these financial statements14

FIRST UNIVERSAL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Tangiblo A888ts
Building
Lease
Fixture8
& Fittin
IT
Motor
Van
Total
Cost orvaluation
At 31 March 2024
30,500
151,669
115,060
24,851
322,080
Addition$
20.024
17,400
37,424
Disposa15
At 31 August 2024
30.500
151.669
135.084
42,251
359,504
Depreciation
At 31 March 2024
4,949
86,348
89,505
19,051
199,854
Charge for the year
913
9.798
13.674
4,640
29,024
Disposals
At 31 August 2024
5,862
98,146
103,179
23,691
228,878
Net Book Valu8
At 31 August 2024
24,638
55,523
31,905
18,S60
130,626
At 31 March 2024
25.551
65.321
25.555
5,800
122,226
Debtors
3110812024
3110312024
Trade Debtors
Prepayments
Deposit pending refund I Supplier Credit
VAT Rounding
13.186
14,847
200
6,137
14,847
28.233
20,991
Credltors: Amount falllng due more than one year:
3110812024
3110312024
Trade Creditors
Olh8r Cr8ditors & Accruals
Wage advance5 to staff
Taxation & Swial Security
32.516
8,034
1.010
12.037
53.597
26,650
7,534
12,037
46,221
10
Credltors: Amount falllng due more than one year:
3110812024
3110312024
Bounce Back Loan
17.165
17.165
21,602
21,602
The Bounce Back Loan wa5 taken on 11 June 2020, to provide addrtional c85h flow to fund charitable activitEs
during Covid 19 pandemi¢. The loan 1$ 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 AUGUST 2024
11
Movement In Funds
Net
Movement in
funds
At 3113124
At 3118124
Unrestricted Funds
Restricted Funds
255,803
70,951
326,754
71,512
184,291
70,951
255,242
171
71,512
171
Prior year adjustment
TOTAL FUNDS
326,754
71,512
255,235
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expondgd
Movement
in funds
Unrestricted Funds
439,015
{510,5271
71,512
Restricted Funds
TOTAL FUNDS
439,015
510,527
71,512
12
Related party transactions
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