Docusign Envelope ID: 73AB728D-9EEF-4FD8-967E-B91244D0FD88 **Charity registration number CEO17980 (England and Wales) Company registration number 1184077** ## **UNITY ACADEMY** ## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 JULY 2025** Docusign Envelope ID: 73AB728D-9EEF-4FD8-967E-B91244D0FD88 ## **UNITY ACADEMY** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|B Francis| |---|---| ||P Singh| ||U Hayat| |**Charity number (England and Wales)**|CEO17980| |**Company number**|1184077| |**Principal address**|Second Floor| ||Greenhill Mills| ||BRADFORD| ||West Yorkshire| ||United Kingdom| ||BD3 8EX| |**Independent examiner**|Xeinadin Yorkshire & North East Limited| ||Unit 26G Springfield Commercial Centre| ||Bagley Lane| ||Farsley| ||Leeds| ||LS28 5LY| Docusign Envelope ID: 73AB728D-9EEF-4FD8-967E-B91244D0FD88 ## **UNITY ACADEMY** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 2| |Independent examiner's report|3| |Statement of financial activities|4| |Balance sheet|5| |Notes to the financial statements|6 - 10| Docusign Envelope ID: 73AB728D-9EEF-4FD8-967E-B91244D0FD88 ## **UNITY ACADEMY** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 JULY 2025**_ The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 July 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the 's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". ## **Objectives and activities** Unity Academy is committed to empowering disadvantaged young people, reducing youth crime, supporting young people in alternative education, alongside running a boxing provision which uses health and wellbeing to tackle issues associated with mental and physical health challenges and support young people to be healthy and happy. Through structured training, personal development opportunities, workshops and targeted interventions, we have been able to contribute to reducing crime and ASB supporting young people to stay in education and attain training that will aid their development, confidence and make them more employable. The charity has worked extremely hard to ensure the services provided meet the needs of the communities we serve and to this end we have been able to expand our services into schools and wider community settings across the district, increasing our footprint and supporting more young people and families. We have made a special effort to support women and girls; this continues to be a prime objective in tackling inequalities. Our community outreach programs and extended delivery in green spaces including parks and open spaces. This has been a valuable addition allowing us to engage with young people employing our mobile boxing structure. The Trustees would like to thank our incredible staff team, volunteers, coaches, partners and importantly the young people we work with. Their courage, resilience and growth continue to inspire us and influence the work we undertake. ## **Financial instruments** The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes. ## _**Cash flow risk**_ The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures. Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows. ## _**Credit risk**_ The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers. ## _**Liquidity risk**_ In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements. - 1 - Docusign Envelope ID: 73AB728D-9EEF-4FD8-967E-B91244D0FD88 ## **UNITY ACADEMY** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2025**_ ## **Trustees and officers** The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: B Francis P Singh U Hayat The trustees' report was approved by the Board of Trustees. B Francis **Chairman and trustee** 12 September 2025 - 2 - Docusign Envelope ID: 73AB728D-9EEF-4FD8-967E-B91244D0FD88 ## **UNITY ACADEMY** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF UNITY ACADEMY** I report to the trustees on my examination of the financial statements of Unity Academy (the ) for the year ended 31 July 2025. ## **Responsibilities and basis of report** As the trustees of the (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the ’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the as required by section 386 of the Companies Act 2006. - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or - 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ## **Xeinadin Yorkshire & North East Limited** Unit 26G Springfield Commercial Centre Bagley Lane Farsley Leeds LS28 5LY 12 September 2025 - 3 - Docusign Envelope ID: 73AB728D-9EEF-4FD8-967E-B91244D0FD88 ## **UNITY ACADEMY** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 JULY 2025**_ |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2025**|**2024**| ||**Notes**|**£**|**£**| |**Income from:**|||| |Donations and legacies|**2**|50,734|67,759| |**Total income**||50,734|67,759| |**Expenditure on:**|||| |Raising funds|**3**|19,598|31,848| |Charitable activities|**4**|13,394|16,969| |**Total expenditure**||32,992|48,817| |**Net income and movement in funds**||17,742|18,942| |**Reconciliation of funds:**|||| |Fund balances at 1 August 2024||78,887|59,945| |**Fund balances at 31 July 2025**||96,629|78,887| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 4 - Docusign Envelope ID: 73AB728D-9EEF-4FD8-967E-B91244D0FD88 ## **UNITY ACADEMY** ## **BALANCE SHEET** ## _**AS AT 31 JULY 2025**_ |**Fixed assets**
**Notes**
Tangible assets
**8**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within**
**10**
**one year**
**Net current assets**
**Total assets less current liabilities**
**The funds of the**
Unrestricted funds
**11**|**2025**
**£**
101,137
(7,249)|**£**
2,741
93,888
96,629
96,629
96,629|**2024**
**£**
88,201
(12,068)|**£**
2,754
76,133| |---|---|---|---|---| |||||78,887| |||||78,887| |||||78,887| The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on 12 September 2025 B Francis **Chairman and trustee** Company registration number 1184077 (England and Wales) - 5 - Docusign Envelope ID: 73AB728D-9EEF-4FD8-967E-B91244D0FD88 ## **UNITY ACADEMY** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 JULY 2025**_ ## **1 Accounting policies** ## **Charity information** Unity Academy is a private company limited by guarantee incorporated in England and Wales. The registered office is . ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the 's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The is a Public Benefit Entity as defined by FRS 102. The has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows. The financial statements are prepared in sterling, which is the functional currency of the . Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **1.4 Income** Income is recognised when the is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. - 6 - Docusign Envelope ID: 73AB728D-9EEF-4FD8-967E-B91244D0FD88 ## **UNITY ACADEMY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2025**_ ## **1 Accounting policies** **(Continued)** Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Computers 25% reducing balance Motor vehicles 25% reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7 Impairment of fixed assets** At each reporting end date, the reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the ’s contractual obligations expire or are discharged or cancelled. ## **2 Income from donations and legacies** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |Donations and gifts|50,734|67,759| - 7 - Docusign Envelope ID: 73AB728D-9EEF-4FD8-967E-B91244D0FD88 ## **UNITY ACADEMY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2025**_ ## **3 Expenditure on raising funds** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |**Fundraising and publicity**||| |Sport equipment|9,546|4,750| |Subcontract cost|1,873|1,909| |Coaching sessions|4,550|20,235| |Facility hire|2,420|4,000| |Advertising|296|-| |Depreciation and impairment|913|918| ||19,598|31,812| |**Trading costs**||| |Trade subscriptions and membership|-|36| |Total costs|19,598|31,848| ## **4 Expenditure on charitable activities** ||**Unrectricted**|**Unrectricted**| |---|---|---| ||**Funds**|**Funds**| ||**General**|**General**| ||**2025**|**2024**| ||**£**|**£**| |**Direct costs**||| |Rent|(4,521)|6,780| |Light, heat and power|840|100| |Sportwear|1,142|100| |Repairs and renewals|2,952|494| |Telephone|223|282| |Computer software and maintenance costs|338|213| |Printing, postage and stationery|203|607| |Motor insurance|1,089|974| |Motor repairs and renewals|971|1,223| |Travel and subsistence|4,971|3,526| |Advertising|-|875| |Accountancy fees|1,260|1,200| |Legal and professional fees|3,705|595| |Sponsorship|200|-| |Bank charges|21|-| ||13,394|16,969| |**Analysis by fund**||| |Unrestricted funds|13,394|16,969| - 8 - Docusign Envelope ID: 73AB728D-9EEF-4FD8-967E-B91244D0FD88 ## **UNITY ACADEMY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2025**_ |**5**|**Net movement in funds**|**2025**|**2024**| |---|---|---|---| |||**£**|**£**| ||The net movement in funds is stated after charging/(crediting):||| ||Fees payable for the independent examination of the charity's financial||| ||statements|-|-| ||Depreciation of owned tangible fixed assets|913|918| ## **6 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the during the year. ## **7 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. ## **8 Tangible fixed assets** |**8**
**Tangible fixed assets**||| |---|---|---| |**Computers**
**£**
**Cost**
At 1 August 2024
-
Additions
900
At 31 July 2025
900
**Depreciation and impairment**
At 1 August 2024
-
Depreciation charged in the year
225
At 31 July 2025
225
**Carrying amount**
At 31 July 2025
675
At 31 July 2024
-
**9**
**Loans and overdrafts**
Trustees' current account
Payable within one year|**Motor**
**vehicles**
**£**
3,750
-
3,750
996
688
1,684
2,066
2,754
**2025**
**£**
4,989
4,989|**Total**
**£**
3,750
900| |||4,650| |||996
913| |||1,909| |||2,741| |||2,754| |||**2024**
**£**
5,288| |||5,288| - 9 - Docusign Envelope ID: 73AB728D-9EEF-4FD8-967E-B91244D0FD88 ## **UNITY ACADEMY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 JULY 2025**_ ## **10 Creditors: amounts falling due within one year** |**Creditors: amounts falling due within one year**||| |---|---|---| |Borrowings
Accruals and deferred income|**2025**
**£**
4,989
2,260
7,249|**2024**
**£**
5,288
6,780| |||12,068| ## **11 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. |**At 1**
General funds
**Previous year:**
**At 1**
General funds|**August**
**2024**
**£**
**Incoming**
**resources**
**£**
**Resources**
**expended**
**£**
**At**
78,887
50,734
(32,992)
**August**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**At**
**£**
**£**
**£**
59,945
67,759
(48,817)|**31 July**
**2025**
**£**
96,629| |---|---|---| |||**31 July**
**2024**
**£**
78,887| ## **12 Related party transactions** There were no disclosable related party transactions during the year (2024 - none). - 10 -