## **Urban MBA Trustees' Annual Report for the year ended 31 March 2024**
## **Overview of Key Developments**
The past year has marked a significant evolution in Urban MBA's capabilities and reach, particularly through our pioneering EdTech initiatives. Building on our successful integration of AI tools in 2023, we have expanded our technological infrastructure to create a comprehensive learning environment that addresses the digital divide in marginalised communities.
## **The EdTech Hub: A Transformative Space**
In September 2023, we relocated to our groundbreaking EdTech hub at 3 Wenlock Street, Hackney, a 4,600 square feet space designed to bring to life the nine transformative technologies we believe will shape the next decade. Whilst no courses were delivered during the initial settlement period, this time was invaluable in optimising the space and preparing for our official launch in February 2024.
The hub represents a significant milestone in our mission to democratise access to cuttingedge technology and education. Beyond its primary educational purpose, the space has been strategically designed to generate additional revenue streams through:
- Professional podcast studio facilities
- Co-working space rentals
- Boardroom hire for corporate meetings and events
These commercial offerings not only support our financial sustainability but also create opportunities for our students to engage with working professionals and businesses.
Space Utilisation and Innovation
The hub's design and implementation directly address the technology and IoT gap often experienced in marginalised communities. By providing access to state-of-the-art facilities
and equipment, we are actively working to counter the technological marginalisation that has historically affected our target communities.
Continuing AI Integration and Educational Innovation
Building on our 2023 initiatives with AI, particularly our successful implementation of ChatGPT and other AI tools in October 2023, we have continued to embrace technological advancement. Our approach to AI integration has been validated by the experiences of our pilot cohort, who successfully utilised AI tools in developing business plans and other coursework.
While debates continue in traditional universities about AI use in education, our position remains forward-thinking: AI technology will continue to evolve and strengthen, similar to how scientific calculators transformed education in the 1980s. Rather than resist this change, we are committed to ensuring marginalised communities have equal access to these tools, enabling them to shape their futures actively.
## **Academic Achievement and Accessibility**
Our Level 6 qualification programme, equivalent to a degree with honours (BA/BSc Hons), has demonstrated remarkable success, with 13 out of 15 students completing the qualification. This achievement reinforces our model's viability as an alternative to traditional higher education, addressing the significant financial barriers that often exclude marginalised communities from accessing higher education.
We continue to develop our funding approach through the AEB model and alternative finance options, making our programmes more accessible to the communities we serve.
## **Impact and Community Engagement**
During this year, we have:
Maintained strong engagement with over 100 participants through our courses, events, and alumni support programmes
Successfully relocated to and launched the EdTech hub
Extended our reach through online courses, particularly benefiting international students
Strengthened our technological infrastructure to support remote learning
Developed new revenue streams through facility rentals and professional services
**Constitutional Review and Youth Education**
The acquisition of our permanent space at 3 Wenlock Street has opened new opportunities to expand our educational reach to younger students. We are currently reviewing our constitution to accommodate educational programmes for students as young as 7 years old. This expansion would include after-school clubs focused on technology education, helping to bridge the digital divide from an earlier age.
The proposed constitutional changes will ensure we have the proper governance structure and safeguarding measures in place to serve this younger demographic while maintaining our commitment to excellence in education and community service.
## **Future Outlook**
The EdTech hub represents more than just a physical space; it serves as a template for future educational environments. By combining modern technology with accessible education, we are creating a scalable model that could be replicated to serve other marginalised communities. Our focus on the nine transformative technologies positions us to prepare our students for future workforce demands while ensuring technological inclusion.
The trustees continue to have regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
25/01/2025
Sheromie Brewster
Urban MBA
Rèport of th• hd•p•ndwt Ex•minw to thè Tn•* ol the ¢hartt•bl• ¢ompAny on the accounts
for th• y••r •nd•d 31 Mah 2024
I repDrt lo the Tw8tees on my eKarTun**on ollhe fmanTr•l st*mÈnts ol Ihe tharitat4e compny on pages 12 to 28
lor the year ered 31 Mar¢h 2024 which have been yepar*J m tho Chatthe& Act 2011 (the Acti
and witn Ihe Financial R¢portiw StaThlard 102, leffecb%* let Janu*ry 20161 a5 mc¥Jified ty FRS 102 SORP
Istatemènt ol Re¢ommended pract lor *MJ ReMry W Charthsl 2019. apKAicat4e lo an accwrtiNJ
periods begnIng w or aftEr 1st Janu•ry 20191. IThe S(JIPI. the Charty Ccrfnmil In EwlaThJ &
Wales ICCEWI, ar¥J under the htston¢al eost conver*on Ihe acc(AJnbw Fditse8 set wl on page 14.
R•8¥9 r••pOn11th1o Qlth•TnMld Il* EK•mknw th• tr• ofth• rnport
A8¢Jèb8d on wJ• O. you, th• ch•rtat4• ¢onynYsTrt*eA •r• 8150 thè Thrector5 of th8 coMY fu the
purpow ol Cornpany law. are reswnwbk Ihe of th• finan* #*emeDts in ¥¢¢carte wrth the
Cornpani¥s Act 2rKe. Ihe Charrties Ad 2011 arkl all other aFv*cat4È law and wth Unrted n510M Generally
Accepted Accounbng PraclK•. aW1¢4t4e to sm*r gat¥fa Ih3t Ihe 11Thon¢wl 6t8tementsglv•
• true and Iwrview
Thè Tru8tee• cor*KJ•rth•t the •wJrt r•wir•nent ot S•aiw 141111 dthe Chwrths 1•{the Actldott not
apy. and Ih•i there IS TK) reqUiremt m the m•rnor•ndLm ofthts forthe coThJuctir¥J ol an 41.
ana that the aGcotsnli do not reqLNre an %ctyd•nc• *th P¥t 16 oltm Cwponie¢ Act 21MA ¥n¢ that no
member or membw5 haye Fequesied an wiwaiii to SeL*on 476 01 Ihe cnIeS A¢1 2Ct6 A8 •
conD¢qu•nc•. th¢ Tru&¢èB haye •1od•d that the fingnu* Uemrts té 8Ut¥ed to lTrJep>)t examnabgn.
8thfied my8011 thai the finanthal statèments we fiot rwuirwj 10 uno•r any1•3al Iyv•ffj*M. ow
OlheThY. and ar• elyile lor IndeFwdern eMmin8trtffj, it r* rny re•r*mtslity lo-
al examine Ine flnanci81 thtement• olthe dwrty under SéL*th 145 01 Iho kt.
bl l¢lkn the •Ff41cat4• in the C*e£th *•*n cnanty CornbTh urio•r •e¢kn 14515Mbl ol
the A¢t
Sinrx the CTharitab comF4nYo gf(w Income 8xte•Jed QSO.O)). Ihe charrt** comp•nYs examiner mult b¢ •
mernbei ol a rKxly 48t•d In 8éCtK¥l 14$ olthe Act I confirn that i •m qUaIrf to wthrtake Ihe t•¢au•e
l im authythéd memtei ol Ch•rt•r•J Cthth'fied Jranty orn otThe h*e4 by
I report in ielgtct ol my èxaminabon of the tharW8firpanckql sl*ement8 c7rried r#Jl utsJ•r$1I5 of me Act In
Carfig out my examnatron. I havt follcfy¥vJ all the apF4IGat4e tyy the Chat* Cornmtyn uTKJer
8ectK)n 145ISIIOI of tm Act thè ¢je* of an 1[KITra¢tyAffiimT In rel ¢0 the coTrau¢tirvJ of an
Independent e¥*nination. An indepde exwrnnat 1je8 a review oithv •woun*na records k•0 ty the
¢harrt&fJÈ compqny and of the accountsr*J sy#m emF4opJ ty th• th•mat4e ¢•)mpany aTra • compari5gn of the
rinancial #8tements pr88ented Nvrth Ihwe recort*. tt *0 of •ny unwal rt¢m8 or disclowre
In the Iin3n¢i¥l st*ernents. and seeknry expianatKJns ftom y)u. a8Tiust8ts. concemirvJ Such matters The purp)8e
éf the ox3mination ffste 88talli*h as lar 35 Ihat Ihere ha¥e been no e3C$ of charrty ltylaticffj and that,
a tegt basL8 of edence rdevanltotha affl1¥ ma0¢. the finaryi•l 8tatemÈnts complywth the
SQRP.
The ufKJertaktn do not provth al Ihe •Ie¢* Ihat wwbj be reqwtrj In an a)rt. an¢J 5nfamah.on
suOK0 by the T[te$ In the coum of the eyarTthabon swed to awlrt tests or eNuirie5 and (*Je5 not
cover sll the mattersthal an ¥drtu con5Kltr in aTTNry at an oFMnKsn. p&nrw*J g)nduct ¢f an audrt
Urban MBA
Corwuenlly. I do not 8yyes6 an aL#lrt opnb)n on the v* the finan(Jal #atements. aThJ In patti¢xJiar. I
expre88 no opnim aStOthethertt finanoal d*ements gNe a aTrJ fair ¥vwofthÈ affair8 ofthe charty.
rny report Is Iirnrted tts the mattw5 set In Ihe statement bekMT
I pknned aThJ performed my Èxaminath)n so as to satth my8eff that Iht ot4e£* ol the IndererKlert examination
are achievtyj arKI télore finalL*irwJ the re[rt l oLtsinèJ rtIen a56urarw from Ihe TnJstee5 cf all m*enal matters
Ind•wnd•nt Examlnw'• StatémonL R•k¥xi•d OWnSon
Subject lo the Iimrtalions the SCOPE of my *ffk a5 det4i*d abm. I my ¢x8mination aTra
e¢nlirm that-
The a¢¢o¥nts el lh ccfflpany we r¢¢wireAI to b• aarted urthr Part 16 olthe 2C<6.'
The 9row Inceme Oft charrtable company In th* yèar eThJ•J 31 March 2Q24 aFvar8 lo e*j the •urn 8ycffied
In S•ctyon 145131 ol the Acl. n•mety £25C#). IDJ Itst I ¢waIrfa to ad ¥ lThJeFéThfjent L¥anyMr *a•n
wth that sectw by wrtue ol my a qualrfNryd rrwAt*r of Charter•J Certhv•J A¢¢wntan
This a Teport In re•F*ct ol •n examinalion carned ufvjèr 145 ot Ihe •r¥J In accoidanc• %Mlh Dir•¢i*n•
given byth• Charty Cc¢nm4w w¥Jer 8eL*M 145(5Xbl of thé may be ¥Wicat4e,
and that no malerial m*tet8 have oThi10 my •wirwbtyi gmty me caine to
believe In81 In any mitenal re•Frtt-
•¢¢ountirvJ recordo %4*re ntl ke0 In iwpt¢¢ oftr* tharty of ¢h• Ctynynie8 Act 20
Ind S•¢ik)n 130 of Th• Ch•ntse8 2011.
the financial *•twrnnts do ncl ae4tyd IFth• re¢1. ¢rf
the fin•nci•l Mements ¢Jo not ¢•y lh• •W*•tl• I•]reme1COnC¥MIrIj the lorm aTrJ content 01
*¢tnts 8el OLrt In sedion 396 01 the Companhrys olhu than any roquirement Ihot the Kcounts gNt ¥
I1 •ThJ lair w•w. whi¢* o not a matter ¢M•#Jer•J as Part of afi iThJeFer*Jent exammatK+n.
have thot been preparea In aCCOfdanc• the meihc*J& aThJ set £xrt In the FRS 102 SORP
IS18tement of Recommended Practice lor *KcourrtirvJ aThl Rew¢irg ty Chanbtsl 2019. aWic*e to •ll
accountir4 wic*J8 on or gnef 191 20191. (The SORPI
I have no Mncern8 and have comé acro rK) otw matter8 in connedtrl wth the examinabon towhi¢h attentson
Shwld t• dr•¥n In thpj r•wrt In lo •nat4D a of the Imanual statements to De reached
vid R•(knond OoDnelty- Independent Exorrmn
Chartered Certffied knunianth
11 Nnton Street
2 irt on data 8heel rth¥ 37
£AD
Thy8 rewrt%Va8 syn*J on 28th 2025
## **Urban MBA - Statement of Financial Activities for the year ended 31 March 2024**
## _**Statement of Financial Activities for the year ended 31 March 2024**_
|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
**Income & Endowments from:**
Donations & Legacies
A1
79,730
Charitable activities
A2
1,450
Other trading activities
A3
-
**Total income**
**A**
**81,180**
**Expenditure on:**
Charitable activities
B2
65,179
Other
B3
584
**Total expenditure**
**B**
**65,763**
**Net income for the year**
**15,417**
**Net income after transfers**
**A-B-C**
**15,417**
**15,417**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
(9,934)
**Total funds carried forward**
**5,483**
**SORP**
**Ref**
**Net movement in funds**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
17,308
-
-
**17,308**
17,254
-
**17,254**
**54**
**54**
**54**
64,863
**64,917**|**Current year**
**Total Funds**
**2024**
**£**
**97,038**
**1,450**
**-**
**98,488**
**82,433**
**584**
**83,017**
**15,471**
**15,471**
**15,471**
**54,929**
**70,400**|**Prior Year**
**Total Funds**
**2023**
**£**
113,738
3,495
711
**117,944**
143,871
356
**144,227**
**(26,283)**
**(26,283)**
**(26,283)**
81,212
**54,929**|
|---|---|---|---|
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 12 to 20 form an integral part of these accounts.**
6
## **Urban MBA - Statement of Financial Activities for the year ended 31 March 2024**
## **Urban MBA - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP**
|**Income & Endowments from:**
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
Investments
A4
Other
A5
**Total income**
**A**
**Expenditure on:**
Raising funds
B1
Charitable activities
B2
Other
B3
Tax on surplus on ordinary activiti
B3
Other taxation
B3
**Total expenditure**
**B**
B4
**Net income for the year**
**Transfers between funds**
**C**
**Net income after transfers**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
**Total funds carried forward**
**Net movement in funds**
**SORP**
**Ref**
Net gains on investments|**Prior Year**
**Unrestricted**
**Funds**
**2023**
**£**
4,084
3,495
711
-
-
8,290
-
114,051
356
-
-
**114,407**
-
(106,117)
-
(106,117)
**(106,117)**
96,183
**(9,934)**
|**Prior Year**
**Restricted**
**Funds**
**2023**
**£**
109,654
-
-
-
-
-
109,654
-
29,164
-
-
-
-
**29,164**
-
80,490
-
80,490
**80,490**
(14,971)
**65,519**|**Prior Year**
**Total Funds**
**2023**
**£**
**113,738**
**3,495**
**711**
**-**
**-**
**117,944**
**-**
**143,871**
**356**
**-**
**-**
**144,227**
-
(26,283)
**-**
(26,283)
**(26,283)**
**81,212**
**54,929**|
|---|---|---|---|
## **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 12 to 20 form an integral part of these accounts.**
7
## **Urban MBA - Statement of Financial Activities for the year ended 31 March 2024**
## **Movements in revenue and capital funds for the year ended 31 March 2024**
## **Revenue accumulated funds**
|**Unrestricted**
**Funds**
**2024**
**£**
Accumulated funds brought forward
(9,934)
15,417
**5,483**
**Closing revenue funds**
**5,483**
**Summary of funds**
**Unrestricted**
**and**
**Designated funds**
**2024**
**£**
Revenue accumulated funds
5,483
Recognised gains and losses before
transfers|**Restricted**
**Funds**
**2024**
**£**
64,863
54
**64,917**
**64,917**
**Restricted**
**Funds**
**2024**
**£**
64,917|**Total**
**Funds**
**2024**
**£**
54,929
15,471
**70,400**
**70,400**
**Total**
**Funds**
**2024**
**£**
**70,400**|**Last year**
**Total Funds**
**2023**
**£**
**81,212**
(26,283)
**54,929**
**54,929**
**Last Year**
**Total Funds**
**2023**
**£**
54,929|
|---|---|---|---|
**The notes attached on pages 12 to 20 form an integral part of these accounts.**
8
## **Urban MBA - Statement of Financial Activities for the year ended 31 March 2024**
## **Urban MBA**
**Income and Expenditure Account for the year ended 31 March 2024 as required by the Companies Act 2006**
|**_Income_**
Income from operations
**Gross income in the year before exceptional items**
**Gross income in the year including exceptional items**
**_Expenditure_**
Charitable expenditure, excluding depreciation and amortisation
Other expenditure
Interest payable
Realised losses on disposals of social investments which are programme related
**Total expenditure in the year**
Tax on surplus on ordinary activities
**Retained surplus for the financial year**
**Net income after tax in the financial year**
**Net income before tax in the financial year**
Investment income and interest|**2024**
**£**
98,488
**98,488**
**98,488**
82,424
584
9
-
**83,017**
**15,471**
-
**15,471**
**15,471**|**2023**
**£**
117,944
**117,944**
**117,944**
143,871
712
-
-
**144,583**
**(26,639)**
-
**(26,639)**
**(26,639)**|
|---|---|---|
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 12 to 20 form an integral part of these accounts.**
9
## **Urban MBA - Balance Sheet as at 31 March 2024**
|||**SORP**||||||
|---|---|---|---|---|---|---|---|
||**Note**|**Ref**||**2024**|||**2023**|
||||||**£**||**£**|
|**Fixed assets**||A||||||
|Tangible assets|7|A2|||1||1|
|**Current assets**||B||||||
|Stocks||B1|113|||113||
|Debtors|9|B2|61,286|||54,083||
|Cash at bank and in hand||B4|9,700|||1,432||
|**Total current assets**|||71,099|||55,628||
|**Creditors: amounts falling due within**||||||||
|**one year**|10|C1|(700)|||(700)||
|**Net current assets**||||70,399|||54,928|
|**The total net assets of the charity**||||**70,400**|||**54,929**|
|**The total net assets of the charity are**|**funded**|**by the funds of the charity, as follows:-**||||||
|**Restricted funds**||||||||
|Restricted Revenue Funds|13|D2|64,917|||64,863||
|**Unrestricted Funds**||||64,917|||64,863|
|Unrestricted Revenue Funds|13|D3|5,483|||(9,934)||
|**Designated Funds**||||5,483
-|||(9,934)
-|
|**Total charity funds**||||**70,400**|||**54,929**|
10
## **Urban MBA - Balance Sheet as at 31 March 2024**
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 charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 11.
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.
## **Sheromie Brewster**
Trustee
Approved by the board of trustees on 31st January 2025
**The notes attached on pages 12 to 20 form an integral part of these accounts.**
11
## **Urban MBA**
## **Notes to the Accounts for the year ended 31 March 2024**
## **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) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , 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) 2019, 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**
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 **31st March 2025** , 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.
## _**Policies relating to categories of income and income recognition.**_
## **Nature of income**
Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
## **Categories of Income**
Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.
**Income from exchange transactions** is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.
**Income from a non-exchange transaction** is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
12
## **Urban MBA**
## **Notes to the Accounts for the year ended 31 March 2024**
## **Income recognition**
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Dividends are accrued when the shareholder’s right to receive payment is established.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
## **Accounting for deferred income and income received in advance**
Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.
Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.
When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met.
Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned,and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred.
Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.
## **Income from legacies**
Income from legacies is recognised when the charity has sufficient evidence that a gift has been left to them, that where required, probate has been granted, the executor is satisfied that the property in question will not be required to satisfy claims in the estate, that it is probable that the amount will be received by the charity, and the amount to be received can be estimated with sufficient accuracy, and that any conditions attached to the legacy are either within the control of the charity or have been met.
Where a payment is received from an estate or is notified as receivable by the executors after the reporting date and before the accounts are authorised for issue but it is clear that the payment had been agreed by the executors prior to the end of the reporting period, then the amount concerned is treated as an adjusting event and accrued as income in the accounting period if receipt is probable.
Where the charity has established entitlement to a legacy but there is uncertainty as to the amount of the payment, details of the legacy aredisclosed as a contingent asset until the criteria for income recognition are met. Where a legacy is subject to the interest of a life tenant, the legacy is not recognised as income until the death of the life tenant.
If it is doubtful that full settlement of a legacy debtor will be received, then an adjustment is made to reduce the amount of the legacy debtor and legacy income rather than charging the adjustment as expenditure in the Statement of Financial Activities
13
## **Urban MBA**
## **Notes to the Accounts for the year ended 31 March 2024**
## _**Policies relating to expenditure on goods and services provided to the charity.**_
## **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 estimated..
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.
## **Allocating costs to activities**
Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities.
The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is :-
**Staffing** - on the basis of time spent in connection with any particular activity. **Staffing** - on a per capita basis, based on the number of of people employed within any partiular activity. **Premises related costs** - on the proportion of floor area occupied by a particular activity.
**Non specific support costs** - on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures
**Estimation techniques** used in apportioning costs - give details
## **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.
## _**Policies relating to assets, liabilities and provisions and other matters.**_
## **Fixed Asset Investments**
Fixed asset investments in quoted shares, traded bonds, investment properties and similar investments are shown initially at cost upon acquisition and at their market value at the balance sheet date at the end of the financial period. Investment properties are not depreciated.
Fixed asset investments in unlisted equities are shown at the balance sheet date at the best estimate of their market value, where practicable. Where valuation techniques are considered unreliable or where, in the opinion of the trustees, the costs outweigh the benefits to the users of the accounts, the investment is included at cost, and a review is undertaken at each year end as to whether the asset should be written down.
All gains on fixed asset investments, whether realised or unrealised, are included in row B4 of the Statement of Financial Activities.
14
## **Urban MBA**
## **Notes to the Accounts for the year ended 31 March 2024**
## _**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.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Plant and machinery
20 % straight line
## **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.
## **Current asset investments**
## **Financial instruments including cash and bank balances**
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
## **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.
15
## **Urban MBA**
## **Notes to the Accounts for the year ended 31 March 2024**
|**4 **|**Interest payable**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||Loan interest|9|-|
## **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.
## **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 2023
**At 31 March 2024**
**Depreciation**
At 1 April 2023
**At 31 March 2024**
**Net book value**
**At 31 March 2024**
**At 31 March 2023**|**Plant &**
**Machinery**
£
28
**28**
27
**27**
**1**
**1**|£
28
**28**
27
**27**
**1**
**1**|
|---|---|---|
16
## **Urban MBA**
## **Notes to the Accounts for the year ended 31 March 2024**
|**_Prior Year_**
01 April 2022
**01 April 2023**
01 April 2022
**01 April 2023**
**01 April 2023**
**01 April 2022**
**8 Stocks & Work in Progress**
Stocks before write downs
**9 Debtors**
Trade debtors
Other debtors
**10 Creditors: amounts falling due within one year**
Accruals
**0**|£
-
**-**
-
**-**
-
**-**
**-**|**Plant &**
**Machinery**
£
28
**28**
27
**27**
27
**1**
**1**|£
-
**-**
-
**-**
-
**-**
**-**|**Total**
£
28
**28**
27
**27**
27
**1**
**1**|
|---|---|---|---|---|
||||||
||||**2024**
**£**
113
113
**2024**
**£**
56,937
4,349
**61,286**
**2024**
**£**
700|**2023**
**£**
113
113
**2023**
**£**
54,083
-
**54,083**
**2023**
**£**
700|
17
## **Urban MBA**
## **Notes to the Accounts for the year ended 31 March 2024**
## **11 Income and Expenditure account summary**
|**Income and Expenditure account summary**
**At 1 April 2023**
Surplus after tax for the year
**At 31 March 2024**|**2024**
**£**
54,573
15,471
**70,044**|**2023**
**£**
81,212
(26,639)
**54,573**|
|---|---|---|
## **12 Particulars of how particular funds are represented by assets and liabilities**
|**At 31 March 2024**
Tangible Fixed Assets
Current Assets
Current Liabilities
**At 1 April 2023**
Tangible Fixed Assets
Current Assets
Current Liabilities|**Unrestricted**
**funds**
**£**
1
6,182
(700)
**5,483**
**Unrestricted**
**funds**
**£**
1
(9,235)
(700)
**(9,934)**|**Designated**
**funds**
**£**
-
-
**-**
**Designated**
**funds**
**£**
-
-
-
**-**|**Restricted**
**funds**
**£**
-
64,917
-
**64,917**
**Restricted**
**funds**
**£**
-
64,863
-
**64,863**|**Total**
**Funds**
**£**
**1**
**71,099**
**(700)**
**70,400**
**Total**
**Funds**
**£**
**1**
**55,628**
**(700)**
**54,929**|
|---|---|---|---|---|
## **13 Change in total funds over the year as shown in Note 12 , analysed by individual funds**
|**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
**Total unrestricted and designated funds**
**_Restricted funds:-_**
General funds
**Total restricted funds**
**Total charity funds**|**Funds brought**
**forward from**
**2023**
**£**
(9,934)
**(9,934)**
64,863
**64,863**
**54,929**|**Movement in**
**funds in 2024**
**See Note 14**
**£**
15,417
**15,417**
54
**54**
**15,471**|**See Note 0**
**£**
**-**
**-**
-
**-**
**-**
**Transfers**
**between**
**funds in 2024**|**Funds**
**carried**
**forward to**
**2025**
**£**
**5,483**
**5,483**
**64,917**
**64,917**
**70,400**|
|---|---|---|---|---|
**14 Analysis of movements in funds over the year as shown in Note 13**
18
## **Urban MBA**
## **Notes to the Accounts for the year ended 31 March 2024**
|**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
**_Restricted funds:-_**
General funds|**Income**
**2024**
**£**
81,180
17,308
**98,488**|**Expenditure**
**2024**
**£**
(65,763)
(17,254)
**(83,017)**|**Other**
**Gains &**
**Losses**
**2024**
**£**
-
-
**-**|**Movement**
**in funds**
**2024**
**£**
**15,417**
**54**
**15,471**|
|---|---|---|---|---|
Gains and losses are detailed in notes 0,0, 0, 0 and 0
## **15 The purposes for which the funds**
## _**Unrestricted and designated funds:-**_
Unrestricted Revenue Funds
Unrestricted Revaluation Reserve
Designated Fixed Asset Funds
These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.
This fund represents the unrestricted surplus arising on the revaluation of the charity's assets.
The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'.
## _**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.
Grant for to run courses
-
General funds
insert name of fund 2
insert name of fund 3
insert name of fund 4
insert name of fund 5
insert suitable text to explain the purpose and the trust law restrictions imposed on this particular fund
Fund 3 people to support the charity
To Run courses
To run a European education scheme
To run Courses
Story telling courses insert name of fund 6 Grant for Alumni to help start a business insert name of fund 7 To run courses insert name of fund 8 Metaverse course insert name of fund 9
-
## **16 Ultimate controlling party**
The charity is under the control of its legal members.
19
## **Urban MBA**
## **Notes to the Accounts for the year ended 31 March 2024**
Every member of the charity is obliged to contribute such amount as may be required not exceeding **£10** to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
20
## **Urban MBA**
**Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015**
## _**This analysis is classsified by conventional nominal descriptions and not by activity.**_
## **17 Donations, Grants and Legacies**
**----- Start of picture text -----**
||||||
|---|---|---|---|---|
|Current year|Current year|Current year|Prior Year|
|Unrestricted|Restricted|Total Funds|Total Funds|
|Funds|Funds|
|2024|2024|2024|2023|
|£|£|£|£|
|Revenue grants from government|
|and public bodies|
|Direct Public Grants- Corporate and|
|49,567|13,650|63,217|75,470|
|business|
|Direct Public Grants- Non Profit|
|-|-|-|10,492|
|Organisations|
|Government Grants|
|-|-|-|7,000|
|Total public sector revenue grants|49,567|13,650|63,217|92,962|
**----- End of picture text -----**
All the grants in the prior year were unrestricted.
## **Revenue grants from government and public bodies - Prior Year analysis**
**----- Start of picture text -----**
|||||
|---|---|---|---|
|Prior Year|Prior Year|Prior Year|
|Unrestricted|Restricted|
|Total Funds|
|Funds|Funds|
|2023|2023|2023|
|£|£|£|
|Prior Year|-|92,962|92,962|
**----- End of picture text -----**
21
## **Urban MBA**
**Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015**
|**Total private sector revenue grants**
Assorted
Courses
**Revenue grants and donations from**
**non public bodies**
Derwent London
Ground Works|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
3,000
-
1,450
12,434
**16,884**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
-
-
-
**-**|**Current year**
**Total Funds**
**2024**
**£**
**3,000**
**-**
**1,450**
**12,434**
**16,884**|**Prior Year**
**Total Funds**
**2023**
**£**
7,000
7,965
-
-
**14,965**|
|---|---|---|---|---|
All the grants in the prior year were unrestricted.
**Revenue grants and donations from non public bodies (Include Gift Aid donations from subsidiaries) - Prior Year analysis**
|**Prior Year**
**Non Profit Income**
Rental space
**Total Non Profit Income**
Other|**Prior Year**
**Unrestricted**
**Funds**
**2023**
**£**
-
**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
-
13,279
**13,279**|**Prior Year**
**Restricted**
**Funds**
**2023**
**£**
14,965
**Current year**
**Restricted**
**Funds**
**2024**
**£**
3,658
-
**3,658**|**Prior Year**
**Total Funds**
**2023**
**£**
**14,965**
**Current year**
**Total Funds**
**2024**
**£**
**3,658**
**13,279**
**16,937**|**Prior Year**
**Total Funds**
**2023**
**£**
331
1,727
**2,058**|
|---|---|---|---|---|
All the donations and gifts in the prior year were unrestricted.
**Non Profit Income - Prior Year analysis**
22
## **Urban MBA**
**Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015**
|**Prior Year**
**Total Donations, Grants and Legacies**
**Total Donations, Grants and**
**Legacies**
**A1**
**Other**
Non Profit Income
**Total Other**|**Prior Year**
**Unrestricted**
**Funds**
**2023**
**£**
**331**|**Prior Year**
**Restricted**
**Funds**
**2023**
**£**
**1,727**|**Prior Year**
**Total Funds**
**2023**
**£**
**2,058**|**Prior Year**
**Total Funds**
**2023**
**£**
3,753
**3,753**
**113,738**|
|---|---|---|---|---|
||||||
||**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
-
**-**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
**-**|**Current year**
**Total Funds**
**2024**
**£**
**-**
**-**||
||||||
||**79,730**|**17,308**|**97,038**||
All the donations and gifts in the prior year were unrestricted.
23
## **Urban MBA**
**Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015**
|**_Prior year_**
**Total Donations, Grants and**
**Legacies**
**A1**|**Unrestricted**
**Funds**
**2023**
**£**
**4,084**|**Restricted**
**Funds**
**2023**
**£**
**109,654**|**Prior Year**
**Total Funds**
**2023**
**£**
**113,738**|
|---|---|---|---|
|**Other**
Course income
**Total Other**|**Current year**
**Funds**
**2024**
**£**
1,450
**1,450**|**Current year**
**Funds**
**2024**
**£**
-
**-**|**Current year**
**Total Funds**
**2024**
**£**
**1,450**
**1,450**|**Prior Year**
**Total Funds**
**2023**
**£**
3,495
**3,495**|
|---|---|---|---|---|
## **Spare heading 1 broad heading with no analysis- replace with text**
|**Spare heading 2- broad heading with no analysis -replace with text**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2024**
**2024**
**£**
**£**
**Total Charitable income from funders:-**
**1,450**
**-**
**Current year - income from funders**|**Total Funds**
**2024**
**£**
**1,450**|**Prior Year**
**Total Funds**
**2023**
**£**
**3,495**|
|---|---|---|
24
## **Urban MBA**
**Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015**
## **18 Total Income from charitable activities**
|**Current year**
**_Current year_**
**Unrestricted**
**Funds**
**2024**
**£**
Income from funders
1,450
**Total from charitable activities**
**A2**
**1,450**
**Income from other, non charitable, trading activities**
-
-
**Total from other activities**
**A3**
**-**
Trading activities to raise funds for the
charity
Programme Income|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
**-**
-
-
**-**|**Current year**
**Total Funds**
**2024**
**£**
**1,450**
**1,450**
**-**
**-**
**-**|**Prior Year**
**Total Funds**
**2023**
**£**
3,495
**3,495**
675
36
**711**|
|---|---|---|---|
## **19 Income from other, non charitable, trading activities**
## **20 Expenditure on charitable activities - Direct spending**
|**_Current Year_**
**Total direct spending**
**B2a**
**_Prior Year_**
**Total direct spending**
**B2a**
International Ghana
Competition reward
Course Tutoring
Course Tutoring
Kickstart Payments
Subcontract payments
Competition reward
Video
Meals
Business Expenditure|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
-
850
-
3,100
-
-
9,897
6,304
**20,151**
**Prior Year**
**Unrestricted**
**Funds**
**2023**
**£**
-
-
**5,839**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
-
-
-
-
-
-
-
**-**
**Prior Year**
**Restricted**
**Funds**
**2023**
**£**
483
12,455
**12,938**|**Current year**
**Total Funds**
**2024**
**£**
**-**
**850**
**-**
**3,100**
**-**
**-**
**9,897**
**6,304**
**20,151**
**Prior Year**
**Total Funds**
**2023**
**£**
**483**
**12,455**
**19,433**|**Prior Year**
**Total Funds**
**2023**
**£**
**483**
**12,455**
**3,928**
**-**
**656**
**1,911**
**-**
**-**
**19,433**|
|---|---|---|---|---|
25
## **Urban MBA**
**Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015**
## **21 Expenditure on charitable activities - Charitable trading**
|**_Current Year_**
Reallocated from support costs
**Total charitable trading costs**
**B2b**
Cost of goods for primary purpose
trading - Including movement in
Facilities and Equipment
First aid
Facility and Equipment- Rent
Parking & Utilities|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
**-**
**-**
**-**
**-**
**45,028**
**45,028**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
**-**
**-**
**-**
**-**
**17,254**
**17,254**|**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2024**
**2023**
**£**
**£**
**-**
**480**
**-**
**4,397**
**-**
**2,736**
**-**
**383**
**62,282**
-
**62,282**
**7,996**|
|---|---|---|---|
## **22 Expenditure on charitable activities- Grant funding of activities**
|**_Current Year_**
**Total grantmaking costs**
**B2c**
**_Prior Year_**
**Total grantmaking costs**
**B2c**
**23**
**_Current Year_**
**_Employee costs not included in direct costs_**
Grants made to individuals
Children in need
**Support costs for charitable activities**
Other
Children in need
Grants made to individuals|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
-
-
-
**-**
**Prior Year**
**Unrestricted**
**Funds**
**2023**
**£**
-
-
**36**
**Current year**
**Unrestricted**
**Funds**
**2024**
**£**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
-
-
**-**
**Prior Year**
**Restricted**
**Funds**
**2023**
**£**
3,000
8,000
**11,000**
**Current year**
**Restricted**
**Funds**
**2024**
**£**|**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2024**
**2023**
**£**
**£**
**-**
**3,000**
**-**
**8,000**
**-**
**36**
**-**
**11,036**
**Prior Year**
**Total Funds**
**2023**
**£**
**3,000**
**8,000**
**11,036**
**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2024**
**2023**
**£**
**£**|
|---|---|---|---|
26
## **Urban MBA**
**Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015**
|Training and welfare - staff|341|-|**341**|**-**|
|---|---|---|---|---|
|Travel and subsistence - staff|1,786|7|**1,793**|**4,311**|
|**_Volunteer costs_**|||||
|Volunteers' expenses|-|17,247|**17,247**|**11,470**|
|Meals and entertaining|-|-|**-**|**13,772**|
|Clothing|1,161|-|**1,161**|**736**|
|**_Premises Expenses_**|||||
|Premises repairs, renewals and
maintenance|7,517|-|**7,517**|**5,007**|
|Property insurance|365|-|**365**|**500**|
|Office and General|1,603|-|**1,603**|**-**|
|**_Administrative overheads_**|||||
|Telephone, fax and internet|1,423|-|**1,423**|**827**|
|Postage|-|-|**-**|**541**|
|Stationery and printing|5,662|-|**5,662**|**864**|
|Subscriptions to periodicals|-|-|**-**|**1,159**|
|Membership subscriptions|2,052|-|**2,052**|**2,365**|
|Hire of equipment|-|-|**-**|**5,929**|
|Advertising and marketing|132|-|**132**|**2,482**|
|Sundry expenses|-|-|**-**|**174**|
|Other General Expenditure|-|-|**-**|**692**|
|Web hosting|1,766|-|**1,766**|**3,220**|
|Operations|-|-|**-**|**4,150**|
|Resource costs|-|-|**-**|**23**|
|Cash expenses|372|-|**372**|**1,904**|
|List Rental|-|-|**-**|**83**|
|General Administration|-|-|**-**|**14,113**|
|Contracting Services|12,823|-|**12,823**|**29,824**|
## _**Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination fees**_
As detailed in Note 24
_800 -_ **800 -**
27
## **Urban MBA**
**Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015**
|**_Professional fees paid to advisors other than the auditor or examiner_**
350
-
**350**
6,758
-
**6,758**
**_Financial costs_**
108
-
**108**
9
-
**9**
**Support costs before reallocation**
**45,028**
**17,254**
**62,282**
**_Less support costs reallocated to specific activities_**
To charitable trading costs
(45,028)
(17,254)
**(62,282)**
**Total support costs - Current Year**
**-**
**-**
**-**
The basis of allocation of costs between activities is described under accounting policies
**Current year**
**Current year**
**Prior Year**
**_Prior Year_**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Funds**
**2024**
**2024**
**2023**
**£**
**£**
**£**
**_Volunteer costs_**
Meals and entertaining
9,181
4,591
**13,772**
**_Administrative overheads_**
Cash expenses
1,269
635
**1,904**
**100,180**
**5,226**
**105,406**
**100,180**
**5,226**
**105,406**
The basis of allocation of costs between activities is described under accounting policies
**Total support costs - Prior Year**
Bank charges
**_Support costs before_**
Accountancy fees other than
examination or audit fees
Legal fees
Loan interest|**600**
**660**
**-**
**-**
**105,406**
**-**
**105,406**
**-**
**-**
**-**|
|---|---|
28
## **Urban MBA**
**Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015**
## **24 Other Expenditure - Governance costs**
## _**Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination fees**_
|Fees paid to the examiner's firm
**Total additional fees included**
**in support costs at Note 23**
**25 Total Charitable expenditure**
**_Current Year_**
Total direct spending
**B2a**
Total charitable trading costs
**B2b**
Total grantmaking costs
**B2c**
Total support costs
**B2d**
**Total charitable expenditure**
**B2**|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
800
**800**
**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
20,151
45,028
-
-
**65,179**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
**-**
**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
17,254
-
-
**17,254**|**Current year**
**Total Funds**
**2024**
**£**
**800**
**800**
**Current year**
**Total Funds**
**2024**
**£**
**20,151**
**62,282**
**-**
**-**
**82,433**|**Prior Year**
**Total Funds**
**2023**
**£**
**-**
**-**
**Prior Year**
**Total Funds**
**2023**
**£**
**19,433**
**7,996**
**11,036**
**105,406**
**143,871**|
|---|---|---|---|---|
|**_Prior Year_**
Total direct spending
**B2a**
Total charitable trading costs
**B2b**
Total grantmaking costs
**B2c**
Total support costs
**B2d**
**Total charitable expenditure**
**B2**|**Prior Year**
**Unrestricted**
**Funds**
**2023**
**£**
5,839
7,996
36
100,180
**114,051**|**Prior Year**
**Prior Year**
**Restricted**
**Funds**
**Total Funds**
**2023**
**2023**
**£**
**£**
12,938
**19,433**
-
**7,996**
11,000
**11,036**
5,226
**105,406**
**29,164**
**143,871**|
|---|---|---|
29
## **Urban MBA**
**Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015**
## **26 Other trading expenditure unrelated to fundraising or charitable activities**
|**Non charity expenditure**
**B3b**
Charitable donation
Other|**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
60
524
**584**|**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
-
**-**|**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2024**
**2023**
**£**
**£**
**60**
356
**524**
-
**584**
**356**|
|---|---|---|---|
**Other trading expenditure unrelated to fundraising or charitable activities - Prior Year analysis**
|**27 Total of other expenditure**
**_Current Year_**
Non charity expenditure
**Total other expenditure**
**B3**
All the expenditure in the prior year was unrestricted.
**_Prior Year_**
Non charity expenditure
**Total other expenditure**
**B3**|**Unrestricted**
**Funds**
**Current year**
**Unrestricted**
**Funds**
**2024**
**£**
584
**584**
**Prior Year**
**Unrestricted**
**Funds**
**2023**
**£**
356
**356**|**Restricted**
**Funds**
**Current year**
**Restricted**
**Funds**
**2024**
**£**
-
**-**
**Prior Year**
**Restricted**
**Funds**
**2023**
**£**
-
**-**|**Total Funds**
**Current year**
**Total Funds**
**2024**
**£**
**584**
**584**
**Prior Year**
**Total Funds**
**2023**
**£**
**356**
**356**|**Prior Year**
**Total Funds**
**2023**
**£**
**356**
**356**|
|---|---|---|---|---|
30