The Charity Registration Number is :- 1166339
## Urban MBA
## Report and Accounts
## 31 March 2022
## **Urban MBA**
## **Report and accounts for the year ended 31 March 2022**
## **Contents**
||**Page**||
|---|---|---|
|**Charity information**||1|
|**Trustees' Annual Report**||1|
|**Statement of directors' responsibilities**||9|
|**Independent Accountant's Report**||10|
|**_Funds Statements:-_**|||
|Statement of Financial Activities||12|
|Statement of Financial Activities - Prior Year statement||13|
|Statement of total recognised gains and losses||13|
|Movements in funds||14|
|Revaluation reserves||14|
|Revenue Funds||15|
|Fixed Asset funds||15|
|Income and Expenditure account||16|
|Summary of funds||16|
|**Balance sheet**||17|
|**Cash flow statement**||18|
|**Notes to the accounts**||19|
## **Urban MBA**
## **Trustees' Annual Report for the year ended 31 March 2022**
The Trustees present their Report and Accounts for the year ended 31 March 2022.
## **Reference and administrative details**
## _**The charity name.**_
The legal name of the charity is:- Urban MBA.
The charity is also known by its operating name, Urban MBA.
## _**The charity's areas operation and UK charitable registration.**_
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1166339.
.
The charity does not operate in any overseas jurisdictions.
## _**Legal structure of the charity**_
The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales. The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales (CCEW) .
The governing document is dated 01 April 2016
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
The trustees are all individuals.
1
## **Urban MBA**
## **Trustees' Annual Report for the year ended 31 March 2022**
## **The principal operating address, telephone number, email and web addresses of the charity are:-**
Unit W10 8 Woodberry Down, N4 2TG Telephone 7900374026 Email Address Info@urbanmba.co.uk Web address www.urbanmba.co.uk
## **The Trustees in office on the date the report was approved were:-**
Fahmida Begum Sheromie Brewster Jerton Lagranha Junior Bernie J Mitchell Frances Saeley
## **The following persons served as Trustees during the year ended 31 March 2022 :-**
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
At the Annual General Meeting no trustees retire.
Fahmida Begum is a member of the charity
2
## **Urban MBA**
## **Trustees' Annual Report for the year ended 31 March 2022**
## **Objects and activities of the charity**
## _**The purposes of the charity as set out in its governing document.**_
THE RELIEF OF UNEMPLOYMENT FOR PEOPLE AGED BETWEEN 19 – 25 IN HACKNEY AND EAST LONDON, IN PARTICULAR BUT NOT EXCLUSIVELY BY THE PROVISION OF ASSISTANCE TO FIND EMPLOYMENT
We at Urban MBA, despite the obstacles that the pandemic brought, have expanded our reach even further.
CEO & Trustees FOREWORD
The past two years presented unforeseen challenges such as lockdowns, furlough schemes, and an overwhelming sense of uncertainty. On the flip side, if you are an entrepreneur, this period also created many opportunities.
More money was spent in the Venture Capital sector than ever before as lockdown restrictions dragged on – this goes to show that things are not always as they seem behind the scenes. At Urban MBA, we have expanded our reach even further, despite the pandemic and the obstacles it brought with it. In 2016, or phase one of our journey we focussed our efforts on using storytelling as our unique selling point to encourage people to understand why our courses were so popular. Phase two moved us forward to examine sustainability as most charities have a poor success rate. In 2021, we secured our intellectual property with trademarks on all our names and established our second company vehicle, Urban MBA Training Ltd, which is 30% owned by Urban MBA and forms a crucial part of our sustainability.
We also completed our e-learning training model that will enable us to become influential on a global scale. As we progress, phase three drives Urban MBA to successfully develop into a technological education disrupter, delivering content for children and young adults as a secure alternative to traditional education, and moulding us into a school of the future.
Our focus is to examine transformative technology and integrate it into our teaching so that we can deliver training that helps shape the next generation and the future of our world.
3
## **Urban MBA**
## **Trustees' Annual Report for the year ended 31 March 2022**
## _**The main activities undertaken in relation to those purposes during the year.**_
## WE WILL BE A DISRUPTER TO THE EDUCATION SYSTEM
Urban MBA is dedicated to focusing on technology and practical skills. This contrasts with the traditional education system, which focuses primarily on merits. Urban MBA courses are designed to teach students the importance of current and future technologies, giving guidance on how they can be applied and used to benefit their own aspirations. Currently, the traditional education system lacks the infrastructure and adaptability to provide updated information - Urban MBA steps in to fill this crucial gap in knowledge.
This is a one-year pilot project that set out to disrupt the system and change the way that students are being taught. Urban MBA uses their predictions of the future and technology to teach and to ensure that students are able to adapt their lives in all aspects. This helps Urban MBA alumni open their minds and ensures that they develop in areas that are not at risk of being taken over by technology.
It also steers them on how technology can be best used in their preferred sector. Before Amazon Fresh became well-known, we predicted that this type of store would become increasingly popular - where one could walk in, add things to a cart, and walk out without any human interaction. This prediction of this growth came true and has occurred in history multiple times. In a post shared around this topic on 9 March 2021 on the Urban MBA Instagram page, Urban MBA Alumni commented that they were aware it would happen based on what they learned in our courses.
## _**The main activities undertaken during the year to further the charity's purpose for the public benefit.**_
## WE WILL BE A DISRUPTER TO THE EDUCATION SYSTEM
Urban MBA is dedicated to focusing on technology and practical skills. This contrasts with the traditional education system, which focuses primarily on merits. Urban MBA courses are designed to teach students the importance of current and future technologies, giving guidance on how they can be applied and used to benefit their own aspirations. Currently, the traditional education system lacks the infrastructure and adaptability to provide updated information - Urban MBA steps in to fill this crucial gap in knowledge.
This is a one-year pilot project that set out to disrupt the system and change the way that students are being taught. Urban MBA uses their predictions of the future and technology to teach and to ensure that students are able to adapt their lives in all aspects. This helps Urban MBA alumni open their minds and ensures that they develop in areas that are not at risk of being taken over by technology.
It also steers them on how technology can be best used in their preferred sector. Before Amazon Fresh became well-known, we predicted that this type of store would become increasingly popular - where one could walk in, add things to a cart, and walk out without any human interaction. This prediction of this growth came true and has occurred in history multiple times. In a post shared around this topic on 9 March 2021 on the Urban MBA Instagram page, Urban MBA Alumni commented that they were aware it would happen based on what they learned in our courses.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
4
## **Urban MBA**
## **Trustees' Annual Report for the year ended 31 March 2022**
**----- Start of picture text -----**
The charity's strategies for achieving its aims and objectives in the future.
**----- End of picture text -----**
We ended the financial year by starting a new pilot course designed to make higher education more accessible and vocational around business and enterprise.
5
## **Urban MBA**
## **Trustees' Annual Report for the year ended 31 March 2022**
## _**How the activities undertaken during the year contributed to the achievement of the aims and objectives.**_
Post pandemic means there are cross overs with what we did and going forward. The plans are: 1.Become Globally recognised – Ghana exploration and Online courses have began. 2.METAVERSE PROJECT - Urban MBA is building an educational course around the metaverse, which is being piloted in July 2022. The course is designed to give participants a better understanding of the metaverse, and how it’s projected to influence the future of the digital world, and the technologies which are associated with its building and expansion. The course features topics including 3D design, the esports industry, NFTs, Cryptocurrency, navigating the knowledge economy, and entrepreneurship. The metaverse content provided by Urban MBA is a frontrunner in the educational sphere and is far more comprehensive than many of the other courses availableit is one of the only courses providing an in person, hands-on experience. Metaverse students are taken to a VR experience and are shown the basics of 3D design by a professional. They learn from a variety of sources, giving them the skills to navigate a heavily digitised future. Urban MBA is constantly evolving, and as the dynamics of the metaverse continue to be revealed, its potential for education will be explored.
## **The main achievements and performance of the charity during the year.**
Post pandemic means there are cross overs with what we did and going forward. The plans are: 1.Become Globally recognised – Ghana exploration and Online courses have began. 2.METAVERSE PROJECT - Urban MBA is building an educational course around the metaverse, which is being piloted in July 2022. The course is designed to give participants a better understanding of the metaverse, and how it’s projected to influence the future of the digital world, and the technologies which are associated with its building and expansion. The course features topics including 3D design, the esports industry, NFTs, Cryptocurrency, navigating the knowledge economy, and entrepreneurship. The metaverse content provided by Urban MBA is a frontrunner in the educational sphere and is far more comprehensive than many of the other courses availableit is one of the only courses providing an in person, hands-on experience. Metaverse students are taken to a VR experience and are shown the basics of 3D design by a professional. They learn from a variety of sources, giving them the skills to navigate a heavily digitised future. Urban MBA is constantly evolving, and as the dynamics of the metaverse continue to be revealed, its potential for education will be explored.
6
## **Urban MBA**
## **Trustees' Annual Report for the year ended 31 March 2022**
## _**Fundraising activities during the year.**_
Fundraising activities have been limited due to the pandemic, having previously struggled to raise finance or funding in addition to the previous bid writer being unsuccessful with multiple bids. the trustees and leadership teams took the decision to find an organisation to support the charity's funding activities.
We enlisted the services of Edukit below is an outline of how they work taken from the website. To date, they have been 45% successful in bid writing and we will be engaging in a 12-month plan of funding support from them.
Edu Kit Bid Writing Process
The bid writing process is adaptable to circumstances but generally follows these steps. Data gathering where you provide us details on your organisation and project. This is completed using a questionnaire and potentially a telephone call.
Bid matching.
Bid writing of a single-stage application. Further questions or stages to the application will be billed separately.
Quality Assurance and review
Submission
It is very important to us that you get the best bid writing experience possible, and that we spend as much time as possible writing the bid detail. To that end, we have detailed responsibilities for both us and you to ensure the best working relationship.
7
## **Urban MBA**
## **Trustees' Annual Report for the year ended 31 March 2022**
## _**The difference the charity's performance during the year has made to the beneficiaries of the charity.**_
Some aspects of the charities' work are not always so visible, our annual events such as LFW allow us to engage with up to 30 young people per year add women’s international day and work experience with local schools and Urban MBA has engaged with over 120 people the fiscal year 2021/22. We continue to provide more of these events in particular with our successful alumni to support the development of critical thinking skills in students.
This is achieved by all involved in the events being given roles and tasks with deadlines and reporting structures which provide practical needed experience. The vocational aspects of all our courses have been highlighted and discussed by our students, volunteers and older clients who are looking to upskill.
The beneficiaries of Urban MBA will have from early 2022 accreditations from levels 3 – 6 developed through sfedi and Ioee. SFEDI Awards was founded in 2007 creating the first dedicated Awarding .Organisation specialising in business enterprise and business support, a standing still enjoyed to this day within the UK. Our qualifications are built on the extensive research that underpins the SFEDI National Occupational Standards and the expertise of the Institute of Enterprise and Entrepreneurs
This replaces the advanced level 2 project management agreement we had with Peabody housing. As previously commented we moved away from this and the partnership as Peabody failed to deliver promises and they have started replicating Urban MBA enterprise courses.
The long-term plan is to develop a bespoke Urban MBA level 6 accreditation for 2023/24 which we have a partial agreement in place to work with.
## **Structure, governance and management of the charity**
4 Annual meetings with the trustee leadership team focused on long-term goals determine the addition of trustees. E.g as we have started Ghana and European exploration we are looking for trustees that can advise in these 2 areas of connections and corporate finance and partners.
8
## **Urban MBA**
## **Trustees' Annual Report for the year ended 31 March 2022**
## _**The policies and procedures for the induction and training of trustees.**_
TPolicies and procedures for trustees are dealt with by HR and overseen by another trustee.
## _**The charity's organisational structure.**_
Chrities Organisational Structure
**----- Start of picture text -----**
Kofi Oppong
training Programme
Development / Sales
Tajinder Lechter
HR / Course Outcomes / Mapping
Tracking
Urban MBA
AccreditationAcademy / E – LearningManagerProject CFOIhzaz/AccountantAhmed Franchise/AffiliateManager BlakeCreativeMarketingCheatdomTeam– Marketing TrainTrainerThe
Nathaniel Sobee
Trainers Ready To
Deliver Courses For
Scaling
**----- End of picture text -----**
**----- Start of picture text -----**
Bankers Barclays
**----- End of picture text -----**
9
## **Urban MBA**
## **Trustees' Annual Report for the year ended 31 March 2022**
## **Financial review**
## _**The charity's financial position at the end of the year ended 31 March 2022**_
The financial position of the charity at 31 March 2022 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
|**Net income**
Unrestricted Revenue Funds available for the
general purposes of the charity
Restricted Revenue Funds
**Total Funds**|**2022**
**£**
44,271
96,183
(14,971)
81,212|**2021**
**£**
35,390
20,427
16,514
36,941|
|---|---|---|
## _**Financial review of the position at the reporting date, 31 March 2022 .**_
The trustees consider the financial performance by the charity during the year to have been satisfactory.
## _**Policies on reserves.**_
Urban MBA maintains 3 months income as a reserve.
## _**Availability and adequacy of assets of each of the funds**_
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund..
10
0
## **Urban MBA**
## **Trustees' Annual Report for the year ended 31 March 2022**
## **Details of The Independent Examiner**
D R Donnelly
Member of the Chartered Association of Certified Accountants
11 Anton Street London E8 2AD
## **Statement of Trustees' Responsibilities**
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .
In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-
- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
11
## **Urban MBA**
## **Trustees' Annual Report for the year ended 31 March 2022**
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on 30 January 2023.
Sheromie Brewster Trustee
12
## **Urban MBA**
## **Report of the Independent Accountant to the Trustees of the charity on the accounts for the year ended 31 March 2022**
We report on the financial statements of Urban MBA for the year ended 31 March 2022, as set out on pages 12 to 20, which comprise the Statement of Financial Activities, the Income and Expenditure Account, the Balance Sheet and the related notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying financial statements of the charity are prepared, in all material respects, in accordance with charity law applicable within the jurisdiction of England & Wales and the accounts have been prepared in accordance with FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, under the historical cost convention, and in accordance with the accounting policies set out on page 19, which framework constitutes the applicable United Kingdom Generally Accepted Accounting Practice.
## **Respective responsibilities of the directors and the accountant**
As described on page 9, you, the charity's Trustees are responsible for the preparation of the accounts.
The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. The Trustees also consider the charity to be exempt from the requirement to be subject to Independent Examination.
Our responsibility is to prepare accounts upon the basis of the information supplied to us, without conducting any formal scrutiny.
## **No statement of opinion**
We have not carried out any audit procedures and have relied upon information supplied to us by the Trustees, and the information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently we do not express an audit or other assurance opinion on the view given by the accounts.
**Signed:-**
## **D R Donnelly - Independent Accountant**
Certified Accountant
11 Anton Street London E8 2AD
This report was signed on 30 January 2023
13
## **Urban MBA - Statement of Financial Activities for the year ended 31 March 2022**
## _**Statement of Financial Activities for the year ended 31 March 2022**_
|**SORP**
**Ref**
**Income & Endowments from:**
**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
Donations & Legacies
Charitable activities
Other trading activities
**Total income**
A1
90,406
A2 300
A3
32,160
**A**
**122,866**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
B1 -
B2 47,110
**B**
**47,110**
**Net income for the year**
**75,756**
**Net income after transfers**
**A-B-C**
**75,756**
**Net movement in funds**
**75,756**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
**Total funds carried forward**
20,427
**96,183**|**Current year**
**Restricted**
**Funds**
**2022**
**£**
9,992
2,000
21,268
**33,260**
-
64,745
**64,745**
**(31,485)**
**(31,485)**
**(31,485)**
16,514
**(14,971)**|**Current year**
**Total Funds**
**2022**
**£**
**100,398**
**2,300**
**53,428**
**156,126**
**-**
**111,855**
**111,855**
**44,271**
**44,271**
**44,271**
**36,941**
**81,212**|**Prior Year**
**Total Funds**
**2021**
**£**
87,764
-
23,470|
|---|---|---|---|
||||**111,234**|
||||1,690
74,154|
||||**75,844**|
|||||
||||**35,390**|
||||**35,390**|
||||**35,390**
1,551|
||||**36,941**|
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All activities derive from continuing operations.
**The notes attached on pages 19 to 20 form an integral part of these accounts.**
14
## **Urban MBA - Statement of Financial Activities for the year ended 31 March 2022**
## **Urban MBA - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP**
|**SORP**
**Ref**
**Income & Endowments from:**
Donations & Legacies
Charitable activities
Other trading activities
Investments
Other
A1
A2
A3
A4
A5
**Total income**
**A**
**Expenditure on:**
Raising funds
B1
Charitable activities
B2
Other
B3
Tax on surplus on ordinary activ B3
Other taxation
B3
**Total expenditure**
Net gains on investments
**B**
B4
**Net income for the year**
**Transfers between funds**
**C**
**Net income after transfers**
**Net movement in funds**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
**Total funds carried forward**|**Prior Year**
**Unrestricted**
**Funds**
**2021**
**£**
54,100
-
11,470
-
-
65,570
1,690
42,944
-
-
-
**44,634**
-
20,936
-
20,936
**20,936**
(509)
**20,427**|**Prior Year**
**Restricted**
**Funds**
**2021**
**£**
33,664
-
12,000
-
-
-
45,664
-
30,196
- -
-
-
**30,196**
-
15,468
-
15,468
**15,468**
2,060
**17,528**|**Prior Year**
**Total Funds**
**2021**
**£**
**87,764**
**-**
**23,470**
**-**
**-**
**111,234**
**1,690**
**74,154**
**-**
**-**
**-**
**75,844**
-
35,390
**-**
35,390
**35,390**
**1,551**|
|---|---|---|---|
||||**36,941**|
## **All activities derive from continuing operations.**
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.'
**The notes attached on pages 19 to 20 form an integral part of these accounts.**
15
**Urban MBA - Statement of Financial Activities for the year ended 31 March 2022**
**Urban MBA - Resources applied in the year ended 31 March 2022 towards fixed assets for Charity use:-**
|Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Other applications of funds
**Net resources available to fund charitable activities**|**2022**
**£**
44,271
-
-
**44,271**|**2021**
**£**
35,390
(431)
-|
|---|---|---|
|||**34,959**|
**The notes attached on pages 19 to 20 form an integral part of these accounts.**
**Movements in revenue and capital funds for the year ended 31 March 2022**
## **Revenue accumulated funds**
|Accumulated funds brought forward
Recognised gains and losses before
transfers
**Closing revenue funds**
**Summary of funds**
Revenue accumulated funds|**Unrestricted**
**Funds**
**2022**
**£**
20,427
75,756
**96,183**
**96,183**
**Unrestricted**
**and**
**Designated funds**
**2022**
**£**
96,183|**Restricted**
**Funds**
**2022**
**£**
16,514
(31,485)
**(14,971)**
**(14,971)**
**Restricted**
**Funds**
**2022**
**£**
(14,971)|**Total**
**Funds**
**2022**
**£**
36,941
44,271
**81,212**
**81,212**
**Total**
**Funds**
**2022**
**£**
**81,212**|**Last year**
**Total Funds**
**2021**
**£**
**1,551**
35,390|
|---|---|---|---|---|
|||||**36,941**|
|||||**36,941**|
|||||**Last Year**
**Total Funds**
**2021**
**£**
36,941|
**The notes attached on pages 19 to 20 form an integral part of these accounts.**
16
## **Urban MBA - Statement of Financial Activities for the year ended 31 March 2022**
## **Urban MBA**
**Income and Expenditure Account for the year ended 31 March 2022 as required by the Companies Act 2006**
|**_Income_**
Income from operations
Refunds from HMRC on gift aided donations
Investment income
**Gross income in the year before exceptional items**
**Gross income in the year including exceptional items**
**_Expenditure_**
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Fundraising costs
Governance costs
Realised losses on disposals of social investments which are programme related
**Total expenditure in the year**
**Net income before tax in the financial year**
Tax on surplus on ordinary activities
**Net income after tax in the financial year**
**Retained surplus for the financial year**|**2022**
**£**
156,126
-
**156,126**
**156,126**
111,155
-
-
700
-
**111,855**
**44,271**
-
**44,271**
**44,271**|**2021**
**£**
98,570
12,664|
|---|---|---|
|||**111,234**|
|||**111,234**|
|||73,337
27
1,690
790
-|
|||**75,844**|
|||**35,390**
-|
|||**35,390**|
|||**35,390**|
All activities derive from continuing operations
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
**The notes attached on pages 19 to 20 form an integral part of these accounts.**
17
## **Urban MBA - Balance Sheet as at 31 March 2022**
|**SORP**
Note**Ref**
**Fixed assets**
A
Tangible assets
7
A2
**Current assets**
Stocks
Debtors
Cash at bank and in hand
B
B1
9
B2
B4
**Total current assets**
**Creditors: amounts falling due within**
**one year**
10
C1
**Net current assets**
**The total net assets of the charity**
**The total net assets of the charity are funded by the**
**Restricted funds**
Restricted Revenue Funds
**Unrestricted Funds**
Unrestricted Revenue Funds
**Designated Funds**
15
D2
15
D3
**Total charity funds**|
**2022**
**£**
1
113
113
45,323 25,748
36,475
11,079
81,911
36,940
(700)
-
81,211
**81,212**
**funds of the charity, as follows:-**
(14,971)
96,183
16,514
(14,971)
20,427
96,183
**81,212**|113
25,748
11,079|**2021**
**£**
1
36,940|
|---|---|---|---|
|||36,940
-||
||||**36,941**|
||||
16,514
20,427|
||||**36,941**|
18
## **Urban MBA - Balance Sheet as at 31 March 2022**
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.
The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
Bernie J Mitchell
Trustee Approved by the board of trustees on 30 January 2023
**The notes attached on pages 19 to 20 form an integral part of these accounts.**
19
## **Urban MBA**
## **Notes to the Accounts for the year ended 31 March 2022**
## **1 Accounting policies**
## _**Policies relating to the production of the accounts.**_
## **Basis of preparation and accounting convention**
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
## **Going Concern**
Under 3.38 and to comply with 3.14, if there are no uncertainties about going concern this MUST be stated. Under 3.39, if there are uncertainties details must be given. Enter text here to comply
Suggested normal text (whioch may require modification to meet the circumstances):-
The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 December 2022, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.
## **Risks and future assumptions**
The charity is a public benefit entity.
## **Urban MBA**
**Notes to the Accounts for the year ended 31 March 2022**
2
## **Urban MBA**
## **Notes to the Accounts for the year ended 31 March 2022**
## **Recognition of liabilities and expenditure**
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
## **Volunteers**
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.
However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note5.
## _**Tangible fixed assets**_
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
## **Stocks and work in progress**
Stock is valued at the lower of cost and net realisable value.
**Debtors**
Debtors are measured at their recoverable amounts at the balance sheet date.
## **Creditors and provisions**
Creditors are measured at their outstanding amounts at the balance sheet date.
## **2 Liability to taxation**
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity 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 on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
## **3 Winding up or dissolution of the charity**
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
## **Urban MBA**
## **Notes to the Accounts for the year ended 31 March 2022**
## **4 Net surplus before tax in the financial year**
**2022 2021 £ £** The net surplus before tax in the financial year is stated after charging:Depreciation of owned fixed assets - 27
## **5 The contribution of volunteers**
The charity depends on the support of its volunteers, which is much appreciated. The charity had 112 Volunteers who donated 1,847 hours of their time stewarding events. Other volunteers undertook 40 hours of mailings and distributions and two specialist volunteers with DBS checks, spent 475 hours a year supporting the weekly children’s and young people’s writing groups. It is estimated that without the help of volunteers, the Festival would need to find the equivalent of over £20,000 to obtain similar services. The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.
No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.
## **6 Remuneration and payments to Trustees and persons connected with them**
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
## **7 Tangible fixed assets**
|**_Current Year_**
**Cost**
At 1 April 2021
**At 31 March 2022**
**Depreciation**
At 1 April 2021
**At 31 March 2022**
**Net book value**
**At 31 March 2022**
**At 31 March 2021**|**Land and**
**Buildings**
£
-|**Plant &**
**Machinery**
£
28|**Motor**
**Vehicles**
£
-
**-**
-
**-**
**-**
**-**|**Total**
**Total**
£
£
28
28|
|---|---|---|---|---|
||**-**|**28**||**28**
**28**|
||-|27||27
27|
||**-**|**27**||**27**
**27**|
||**-**|**1**||**1**
**1**|
||||||
||**-**|**1**||**1**
**1**|
24
## **Urban MBA**
## **Notes to the Accounts for the year ended 31 March 2022**
**----- Start of picture text -----**
8 Stocks & Work in Progress 2022 2021
£ £
Stocks before write downs 113 113
113 113
Analysis of the carrying value of stocks and work in progress by activities
Work in Progress Stocks
2022 2021 2022 2021
£ £ £ £
Activity
Primary purpose and ancillary trad - - 113 113
- - 113 113
9 Debtors
2022 2021
£ £
Trade debtors 45,323 25,748
10 Creditors: amounts falling due within one year 2022 2021
£ £
Accruals 700 -
11 Loans to trustees included in debtors
There are none
**----- End of picture text -----**
**----- Start of picture text -----**
12 Guarantees made by the charity on behalf of trustees
There are none
**----- End of picture text -----**
25
## **Urban MBA**
## **Notes to the Accounts for the year ended 31 March 2022**
|**13 Income and Expenditure account summary**
**At 1 April 2021**
Surplus after tax for the year
**At 31 March 2022**|**2022**
**£**
36,941
44,271
**81,212**|**2021**
**£**
1,551
35,390|
|---|---|---|
|||**36,941**|
## **14 Particulars of how particular funds are represented by assets and liabilities**
|**At 31 March 2022**
Tangible Fixed Assets
Current Assets
Current Liabilities
**At 1 April 2021**
Tangible Fixed Assets
Current Assets|**Unrestricted**
**funds**
**£**
1
96,882
(700)|**Designated**
**funds**
**£**
-
-|**Restricted**
**funds**
**£**
-
(14,971)
-
**(14,971)**
**Restricted**
**funds**
**£**
-
16,514
**16,514**|**Total**
**Total**
**Funds**
**Funds**
**£**
**£**
**1 1**
**81,911 81,911**
**(700)**
**(700)**|
|---|---|---|---|---|
||**96,183**|**-**||**81,212**
**81,212**|
||**Unrestricted**
**funds**
**£**
1
20,426|**Designated**
**funds**
**£**
-
-||**Total**
**Total**
**Funds**
**Funds**
**£**
**£**
**1**
**1**
**36,940**
**36,940**|
||**20,427**|**-**||**36,941**
**36,941**|
26
## **Urban MBA**
## **Notes to the Accounts for the year ended 31 March 2022**
**15 Change in total funds over the year as shown in Note 14 , analysed by individual funds**
|**_Unrestricted and designated f_**
Unrestricted Revenue Funds
**Total unrestricted and designa**
**_Restricted funds:-_**
Hackney council
Lawrence Atwell
Kick Start
Erasmus
On Line Courses
BBC Children in need
Make My Mark
Unidentified
Grounworks
**Total restricted funds**
**Total charity funds**|**Funds**
**brought**
**forward from**
**2021**
**£**
**_unds:-_**
20,427|**Movement in**
**funds in 2022**
**See Note 16**
**£**
75,756|**Transfers**
**between funds**
**in 2022**
**See Note 0**
**£**
**-**
**-**
-
-
-
-
-
-
-
-
-
**-**
**-**|**Funds carried**
**forward to**
**2023**
**£**
**Funds carried**
**forward to 2023**
**£**
**96,183**
**96,183**|
|---|---|---|---|---|
||**t**
**20,427**|**75,756**||**96,183**
**96,183**|
||-
-
-
(2,379)
-
2,592
97
14,598
1,606|2,000
(135)
(1)
(33,498)
(4,893)
5,042
-
-
-||**2,000**
**(135)**
**(1)**
**(35,877)**
**(4,893)**
**7,634**
**97**
**14,598**
**1,606**
**2,000**
**(135)**
**(1)**
**(35,877)**
**(4,893)**
**7,634**
**97**
**14,598**
**1,606**|
||**16,514**|**(31,485)**||**(14,971)**
**(14,971)**|
||||||
||**36,941**|**44,271**||**81,212**
**81,212**|
27
## **Urban MBA**
## **Notes to the Accounts for the year ended 31 March 2022**
**16 Analysis of movements in funds over the year as shown in Note 15**
|**_Unrestricted and designated f_**
Unrestricted Revenue Funds
Unrestricted Revaluation Reserv
**_Restricted funds:-_**
Hackney Council
Lawrence Atwell
Kickstart
Erasmus
On line Courses
BBC Children in need|**Income**
**2022**
**£**
**_unds:-_**
e
122,866
-
2,000
7,200
14,068
-
-
9,992|**Expenditure**
**2022**
**£**
(47,110)
-
-
(7,335)
(14,069)
(33,498)
(4,893)
(4,950)|**Other**
**Gains &**
**Losses**
**2022**
**£**
-
-
-
-
-
-
-
-
**-**|**Movement**
**in funds**
**2022**
**£**
**Movement**
**in funds**
**2022**
**£**
75,756
-
2,000
(135)
(1)
(33,498)
(4,893)
5,042
-
75,756
-
2,000
(135)
(1)
(33,498)
(4,893)
5,042|
|---|---|---|---|---|
||**156,126**|**(111,855)**||**44,271**
**44,271**|
## **17 The purposes for which** _**Unrestricted and designated funds:-**_
These funds are held for the meeting the objectives of the charity, Unrestricted Revenue Funds[and to provide reserves for future activities, and , subject to charity ] legislation, are free from all restrictions on their use.
Unrestricted Revaluation Reserve
This fund represents the unrestricted surplus arising on the revaluation of the charity's assets.
## _**Restricted funds:-**_
Restricted Fixed Asset Funds Restricted Revaluation Reserve
The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'.
This fund represents the restricted surplus arising on the revaluation of the charity's assets.
Course in October
Hackney council
Lawrence Atwell
1 year course
Kick Start
Kick Start
Direct Public Grants - Non Profit Organisation Grants
Erasmus
On Line Courses
Course funding
E U funding
Funding on line course
Children
BBC Children in need
Grants for young people
Make My Mark Grounworks Metaverse projrect -
28
## **Urban MBA**
## **Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015**
## _**This analysis is classsified by conventional nominal descriptions and not by activity.**_
## **19 Donations, Grants and Legacies**
|**Donations, Grants and Legacies**|||||
|---|---|---|---|---|
|**Donations and gifts from individuals**
Refunds from HMRC on gift aided donations
**Total donations and gifts from**
**individuals**|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
-|**Current year**
**Restricted**
**Funds**
**2022**
**£**
-|**Current year**
**Total Funds**
**2022**
**£**
**-**|**Prior Year**
**Total Funds**
**2021**
**£**
12,664|
||**-**|**-**|**-**|**12,664**|
All the donations and gifts in the prior year were unrestricted.
**Donations and gifts from individuals (Include HMRC refunds on gift aided donations) - Prior Year analysis**
**Prior year**
|**Prior Year**|**Prior Year**|**Prior Year**|
|---|---|---|
|**Unrestricted**|**Restricted**|**Total Funds**|
|**Funds**|**Funds**||
|**2021**|**2021**|**2021**|
|**£**|**£**|**£**|
|**-**|**12,664**|**12,664**|
29
## **Urban MBA**
**Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015**
|**Revenue grants from government and**
**public bodies**
BB UK
Crazy Vintage
Lstn Up Ldn
Derwent London
Hackney Council
BBC Children in need
Big Lottery Fund
PayPugs Capital
British Council
**Total public sector revenue grants**|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
-
-
-
-
-
-
43,220
4,916
42,270|**Current year**
**Restricted**
**Funds**
**2022**
**£**
-
-
-
-
-
9,992
-
-
-|**Current year**
**Total Funds**
**2022**
**£**
**-**
**-**
**-**
**-**
**-**
**9,992**
**43,220**
**4,916**
**42,270**|**Prior Year**
**Total Funds**
**2021**
**£**
50,000
100
4,000
10,000
11,000
-
-
-
-|
|---|---|---|---|---|
||**90,406**|**9,992**|**100,398**|**75,100**|
All the grants in the prior year were unrestricted.
## **Revenue grants from government and public bodies - Prior Year analysis**
|**Prior Year**|**Prior Year**
**Unrestricted**
**Funds**
**2021**
**£**
54,100|**Prior Year**
**Restricted**
**Funds**
**2021**
**£**
21,000|**Prior Year**
**Total Funds**
**2021**
**£**
**75,100**|
|---|---|---|---|
30
**Urban MBA**
## **Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015**
## **Total Donations, Grants and Legacies**
|**Total Donations, Grants and Legacies**|||||
|---|---|---|---|---|
|**Total Donations, Grants and**
**Legacies**
**A1**
**90,406**
All the donations and gifts in the prior year were unrestricted.
**Unrestricted**
**_Prior year_**
**Funds**
**2021**
**£**|**90,406**|**9,992**|**100,398**|**87,764**|
|||**Restricted**
**Funds**
**2021**
**£**|**Prior Year**
**Total Funds**
**2021**
**£**||
31
## **Urban MBA**
**Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015**
|**European Co Working Assembly**
European Coworking Assembly
**Total European Co Working**
**Assembly**
**Hackney Council**
**Other**
**Total Charitable income from funders:-**
**Current year - income from funders**
**20 Total Income from charitable activities**
**_Current year_**
Income from funders
**Total from charitable activities**
**A2**|**Current year**
**Funds**
**2022**
**£**
300|**Current year**
**Funds**
**2022**
**£**
-|**Current year**
**Total Funds**
**2022**
**£**
**300**|**Prior Year**
**Total Funds**
**2021**
**£**
-|
|---|---|---|---|---|
||**300**|**-**|**300**|**-**|
||**Unrestricted**
**Funds**
**2022**
**£**|**Restricted**
**Funds**
**2022**
**£**|**Total Funds**
**2022**
**£**|**Prior Year**
**Total Funds**
**2021**
**£**|
||**300**|**2,000**|**2,300**|**-**|
||**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
300|**Current year**
**Restricted**
**Funds**
**2022**
**£**
2,000|**Current year**
**Total Funds**
**2022**
**£**
**2,300**|**Prior Year**
**Total Funds**
**2021**
**£**
-|
||**300**|**2,000**|**2,300**|**-**|
32
## **Urban MBA**
## **Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015**
## **21 Income from other, non charitable, trading activities**
|Trading activities to raise funds for the
charity
**Total from other activities**
**A3**
All the income in the prior year was unrestricted.
**Income from other, non charitable, trading activities**
**Prior Year**|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
32,160|**Current year**
**Restricted**
**Funds**
**2022**
**£**
21,268|**Current year**
**Total Funds**
**2022**
**£**
**53,428**|**Prior Year**
**Total Funds**
**2021**
**£**
23,470|
|---|---|---|---|---|
||**32,160**|**21,268**|**53,428**|**23,470**|
||||**Total Funds**
**23,470**||
## **22 Expenditure on charitable activities - Direct spending**
|**_Current Year_**
Competition reward
Course Tutoring
Video
Erasmus Project Payments
Kickstart payments
International Ghana
**Total direct spending**
**B2a**
All the expenditure in the prior year was unrestricted.
**_Prior Year_**
Competition reward
Course Tutoring
**Total direct spending**
**B2a**|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
-
-
-
-
-
50|**Current year**
**Restricted**
**Funds**
**2022**
**£**
750
300
3,748
33,436
8,366
-|**Current year**
**Total Funds**
**2022**
**£**
**750**
**300**
**3,748**
**33,436**
**8,366**
**50**|**Prior Year**
**Total Funds**
**2021**
**£**
**4,550**
**480**
**3,814**
**-**
**-**
**-**|
|---|---|---|---|---|
||**50**|**46,600**|**46,650**|**8,844**|
||**Prior Year**
**Unrestricted**
**Funds**
**2021**
**£**
-
-|**Prior Year**
**Restricted**
**Funds**
**2021**
**£**
4,550
480|**Prior Year**
**Total Funds**
**2021**
**£**
**4,550**
**480**||
||**2,800**|**5,030**|**8,844**||
All the expenditure in the prior year was unrestricted.
33
## **Urban MBA**
**Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015**
## **23 Expenditure on charitable activities - Charitable trading**
|**_Current Year_**
Facility and Equipment - Rent
Parking & Utilities
Facilities & Equipment
Staff development
First aid
**Total charitable trading costs**
**B2b**
All the expenditure in the prior year was unrestricted.
**_Prior Year_**
Facilities & Equipment
**Total charitable trading costs**
**B2b**|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
**4,244**
**43**
**600**
**111**|**Current year**
**Restricted**
**Funds**
**2022**
**£**
**-**
**500**
**-**
**-**|**Current year**
**Total Funds**
**2022**
**£**
**4,244**
**543**
**600**
**111**
**Prior Year**
**Total Funds**
**2021**
**£**
**5,295**
**1,726**
**-**
**-**|
|---|---|---|---|
||**4,998**|**500**|**5,498**
**7,021**|
||**Prior Year**
**Unrestricted**
**Funds**
**2021**
**£**
294|**Prior Year**
**Restricted**
**Funds**
**2021**
**£**
1,432|**Prior Year**
**Total Funds**
**2021**
**£**
**1,726**|
||**5,589**|**1,432**|**7,021**|
|||||
34
## **Urban MBA**
## **Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015**
## **24 Expenditure on charitable activities- Grant funding of activities**
|**_Current Year_**
Grants made to individuals
Erasmus Travel
Competition Reward
Children in Need
**Total grantmaking costs**
**B2c**
**_Prior Year_**
Erasmus Travel
Competition Reward
Children in Need
**Total grantmaking costs**
**B2c**|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
160
-
-
-|**Current year**
**Restricted**
**Funds**
**2022**
**£**
-
62
-
3,950|**Current year**
**Total Funds**
**2022**
**£**
**160**
**62**
**-**
**3,950**
**Prior Year**
**Total Funds**
**2021**
**£**
**-**
**2,703**
**320**
**9,672**|
|---|---|---|---|
||**160**|**4,012**|**4,172**
**12,695**|
||**Prior Year**
**Unrestricted**
**Funds**
**2021**
**£**
-
-
-|**Prior Year**
**Restricted**
**Funds**
**2021**
**£**
2,703
320
9,672|**Prior Year**
**Total Funds**
**2021**
**£**
**2,703**
**320**
**9,672**
**12,695**|
||**-**|**12,695**||
35
**Urban MBA**
## **Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015**
## **25 Support costs for charitable activities**
|**25 Support costs for charitable activities**|**25 Support costs for charitable activities**|**25 Support costs for charitable activities**|||
|---|---|---|---|---|
|**_Current Year_**
**_Volunteer costs_**
Volunteers' expenses
Travel and subsistence - volunteers
Meals and Entertaining
Clothing
**_Premises Expenses_**
Premises repairs, renewals and
maintenance
Property insurance
**_Administrative overheads_**
Telephone, fax and internet
Postage
Stationery and printing
Information and publications
Subscriptions to periodicals
Hire of equipment
Health and safety costs
Advertising and marketing
Sundry expenses
Web Hosting
Cash Expenses
Donations
General Administration
Contracting Services
**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
3,856
2,795
4,884
633
-
498
398
219
-
782
390
5,135
-
432
2,650
3,078
901
-
5,415
9,136
**Current year**
**Restricted**
**Funds**
**2022**
**£**
6,703
-
4,884
-
-
-
-
-
260
-
778
107
-
-
-
-
901
-
-
-
**_Professional fees paid to advisors other than the auditor or examiner_**
Legal fees
-
-
**_Financial costs_**
Depreciation & Amortisation in total
**Support costs before reallocation**
**Total support costs - Current Year**
-
-
**41,202**
**13,633**
**41,202**
**13,633**
The basis of allocation of costs between activities is described under accounting policies|||**Current year**
**Total Funds**
**2022**
**£**
**10,559**
**2,795**
**9,768**
**633**
**-**
**498**
**398**
**219**
**260**
**782**
**1,168**
**5,242**
**-**
**432**
**2,650**
**3,078**
**1,802**
**-**
**5,415**
**9,136**
**-**
**-**|**Prior Year**
**Total Funds**
**2021**
**£**
**9,392**
**1,397**
**7,950**
**-**
**4,258**
**282**
**215**
**65**
**-**
**675**
**69**
**-**
**55**
**-**
**396**
**3,474**
**1,306**
**321**
**285**
**13,827**
**810**
**27**|
||**41,202**|**13,633**|**54,835**|**44,804**|
||**41,202**|**13,633**|**54,835**|**44,804**|
|||||**-**
**-**
**-**|
36
## **Urban MBA**
**Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015**
|**_Prior Year_**
**_Volunteer costs_**
Volunteers' expenses
Travel and subsistence - volunteers
Meals and Entertaining
**_Administrative overheads_**
Web Hosting
Cash Expenses
Contracting Services
**_Support costs before reallocation_**
**Total support costs - Prior Year**|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
8,408
931
4,728
1,704
434
10,102|**Current year**
**Restricted**
**Funds**
**2022**
**£**
984
466
3,222
1,770
872
3,725|**Prior Year**
**Total Funds**
**2021**
**£**
**9,392**
**1,397**
**7,950**
**3,474**
**1,306**
**13,827**|
|---|---|---|---|
||**33,765**|**11,039**|**44,804**
**44,804**|
||**33,765**|**11,039**||
The basis of allocation of costs between activities is described under accounting policies
## **26 Other Expenditure - Governance costs**
|**_Current Year_**
Reporting Accountant fees
**Total Governance costs**|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
700|**Current year**
**Restricted**
**Funds**
**2022**
**£**
-|**Current year**
**Total Funds**
**2022**
**£**
**700**|**Prior Year**
**Total Funds**
**2021**
**£**
**790**|
|---|---|---|---|---|
||**700**|**-**|**700**|**790**|
All the expenditure in the prior year was unrestricted.
## **27 Total Charitable expenditure**
|**_Current Year_**
Total direct spending
**B2a**
Total charitable trading costs
**B2b**
Total grantmaking costs
**B2c**
Total support costs
**B2d**
Total Governance costs
**B2e**
**Total charitable expenditure**
**B2**|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
50
4,998
160
41,202
700|**Current year**
**Restricted**
**Funds**
**2022**
**£**
46,600
500
4,012
13,633
-|**Current year**
**Total Funds**
**2022**
**£**
**46,650**
**5,498**
**4,172**
**54,835**
**700**|**Prior Year**
**Total Funds**
**2021**
**£**
**8,844**
**7,021**
**12,695**
**44,804**
**790**|
|---|---|---|---|---|
||**47,110**|**64,745**|**111,855**|**74,154**|
37
## **Urban MBA**
**Detailed analysis of income and expenditure for the year ended 31 March 2022 as required by the SORP 2015**
|**_Prior Year_**
Total direct spending
**B2a**
Total charitable trading costs
**B2b**
Total grantmaking costs
**B2c**
Total support costs
**B2d**
Total Governance costs
**B2e**
**Total charitable expenditure**
**B2**|**Prior Year**
**Unrestricted**
**Funds**
**2021**
**£**
2,800
5,589
-
33,765
790|**Prior Year**
**Restricted**
**Funds**
**2021**
**£**
**Prior Year**
**Total Funds**
**2021**
**£**
5,030**8,844**
1,432**7,021**
12,695**12,695**
11,039**44,804**
-**790**|
|---|---|---|
||**42,944**|**30,196**
**74,154**|
## **28 Expenditure on raising funds and costs of investment management**
Marketing & advertising of fundraising - - **- 1,690 To[tal fu] nd[raisi] n[g c] o[sts ] B1[- - - 1][,][690 ]**
All the expenditure in the prior year was unrestricted.
38