Charity number: 515412
Company number: 01790507
(England and Wales)
The Unity Centre Limited
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2021
The Unity Centre Limited Contents Page For the year ended 31 March 2021
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 10 |
The Unity Centre Limited Report of the Trustees
For the year ended 31 March 2021
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2021. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITIES
Principal activities
The principal activity and objects of the Company during the year under review, in line with its constitution, continued to be the creation of employment via the establishment of small business, together with the provision of nursery and gymnasium facilities to provide services to all, especially the unemployed and deprived of the City of Sheffield.
Review of activities
During the year, the Charity has continued to focus on the improvement of its overall facilities. It has also continued to provide for the employment creation and training of the unemployed. The gymnasium provided low-cost facilities for all, particularly those on low incomes or the unwaged. The nursery in addition to providing high quality services to the hard-working families of Sheffield has committed to the training and development of high-quality nursery staff. Although there have been no significant changes during the year, the continued impact of the Covid-19 pandemic caused closures to the charity's facilities due to various national lockdowns. The charity opened its facilities as soon as possible, in order to support the local community at this difficult time.
Statement on public benefit
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
Significant activities
During the year the Charity has provided public benefit by consolidating the provision of its services and continuing to provide high quality training. Facilities have been made available to hard working families, the unwaged and deprived citizens of Sheffield.
In July 2018 an Ofsted inspection awarded the charity a "good" rating and senior management received commendation for successfully addressing all action points raised in the previous visit. The charity has continued to work hard to maintain these high standards.
FINANCIAL REVIEW
The results for the year are set out on page 5.
Reserves
As at the balance sheet date the Charity had unrestricted reserves amounting to £480,968 (2020 - £399,543) and the Directors and Trustees will pursue policies designed to further consolidate these in future years. They consider the year passed as meeting the charitable requirements. The net operating surplus amounted to £81,425 (2020 - £965). The Directors and Trustees consider it prudent to hold unrestrictive reserves equivalent to approximately twenty four months expenditure to protect the Charity against a fall in revenues, and they will continue to work towards this objective. They are also mindful of the constant need for repairs and rennovations of the property, without compromising the Charity's plans.
Risks
The Trustees have reviewed and identified major risks to the Charity and have established systems to mitigate their impact. the position of the Charity is regularly reviewed by management and steps are taken as required to react to changes in circumstances.
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The Unity Centre Limited Report of the Trustees Continued
For the year ended 31 March 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Company is limited by guarantee and the liability of the members is limited to £1 each. It is governed by its Memorandum & Articles of Association and by a Constitution.
Organisational structure
The Trustees oversee the operation of the Charity with management being devolved via the Directors to a management strucuture headed by A C A Bevis that is responsible for the day to day running of the Charity.
Related parties
In the opinium of the Trustees there are no co-operative relationships with other organisations.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity The Unity Centre Limited Charity registration number 515412 Company registration number 01790507 Principal address 85 Bole Hill Road Walkley Sheffield S6 5DD Trustees The trustees and officers serving during the year and since the year end were as follows: J Mann W Bolton M Flannagan (Deceased) J Brooke A C A Bevis L Skipper-Bevis Secretary L Skipper-Bevis Independent examiner Ian C Boot (FCCA) Hewitts Chartered Certified Accountants 11 Venture One Business Park Long Acre Close Sheffield S20 3FR Bankers HSBC Plc
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 14 December 2021
L Skipper-Bevis (Secretary)
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The Unity Centre Limited Independent Examiners Report to the Trustees
For the year ended 31 March 2021
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
Since the Charitable company’s gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of the Association of Chartered Certified Accountants, which is one of the listed bodies.
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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
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the accounts 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 accounts 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 accounts to be reached.
Ian C Boot (FCCA) Hewitts Chartered Certified Accountants 11 Venture One Business Park
Long Acre Close Sheffield S20 3FR
14 December 2021
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The Unity Centre Limited Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2021
| Notes | Unrestricted | 2020 | |
|---|---|---|---|
| funds | |||
| £ | £ | ||
| Income and endowments from: | |||
| Grants receivable | 2 | 215,085 | - |
| Charitable activities | 3 | 698,350 | 871,193 |
| Investments | 4 | 1 | - |
| Total | 913,436 | 871,193 | |
| Expenditure on: | |||
| Charitable activities | 5/6 | (832,011) | (870,228) |
| Total | (832,011) | (870,228) | |
| Net income | 81,425 | 965 | |
| Reconciliation of funds | |||
| Total funds brought forward | 399,543 | 398,578 | |
| Total funds carried forward | 480,968 | 399,543 |
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Registered Number : 01790507
The Unity Centre Limited Statement of Financial Position
As at 31 March 2021
| Notes Fixed assets Tangible assets 10 Current assets 11 Debtors Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 13 Total funds |
£ 2021 127,385 127,385 10,476 359,699 370,175 (16,592) 353,583 480,968 480,968 480,968 480,968 |
£ 2020 134,285 |
|---|---|---|
| 134,285 | ||
| 8,091 268,153 |
||
| 276,244 | ||
| (10,986) 265,258 |
||
| 399,543 | ||
| 399,543 | ||
| 399,543 | ||
| 399,543 |
For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance
-
with section 476,
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
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records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statement were approved and authorised for issue by the Board and signed on its behalf by:
L Skipper-Bevis Secretary
14 December 2021
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The Unity Centre Limited Notes to the Financial Statements
For the year ended 31 March 2021
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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) (effective 1 January 2015)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
The Unity Centre Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
Statement of cash flows
The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the Charitable company is small.
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Income from investments is included in the year in which it is receivable.
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds
Cost of generating funds comprise the cost of fundraising including the Charity's nursery and gymnasium.
Charitable activites
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated and those costs of an indirect nature necessary to support them.
Taxation
The Charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly there is no taxation charge in these accounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 2% Straight line Leasehold Properties Over the life of the lease Straight line Other tangible assets 15% Reducing balance
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The Unity Centre Limited Notes to the Financial Statements Continued
For the year ended 31 March 2021
2. Income from grants receivable
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Unrestricted funds | ||
| Grants received | 215,085 | - |
| 215,085 | - | |
| ncome from charitable activities | ||
| 2021 | 2020 | |
| £ | £ | |
| Unrestricted funds | ||
| Nursery | ||
| Nursery | 680,018 | 825,766 |
| Gymnasium | ||
| Gymnasium | 9,124 | 34,429 |
| Licence fees received | ||
| Licence fees received | 9,208 | 10,998 |
| 698,350 | 871,193 | |
| nvestment income | ||
| 2021 | 2020 | |
| £ | £ | |
| Unrestricted funds | ||
| Bank interest receivable | 1 | - |
| 1 | - | |
| osts of charitable activities by fund type | ||
| 2021 | 2020 | |
| £ | £ | |
| Unrestricted funds | ||
| Nursery | 695,738 | 765,103 |
| Gymnasium | 54,501 | 42,067 |
| Other | 81,772 | 63,058 |
| 832,011 | 870,228 |
3. Income from charitable activities
4. Investment income
5. Costs of charitable activities by fund type
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The Unity Centre Limited Notes to the Financial Statements Continued For the year ended 31 March 2021
6. Costs of charitable activities by activity type
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Activities undertaken directly | ||
| Nursery | 695,738 | 765,103 |
| Gymnasium | 54,501 | 42,067 |
| Other | 81,772 | 63,058 |
| 832,011 | 870,228 | |
| et income/(expenditure) for the year | ||
| This is stated after charging/(crediting): | ||
| 2021 | 2020 | |
| £ | £ | |
| Depreciation of owned fixed assets | 6,900 | 7,159 |
| Trustees' remuneration | 21,092 | 56,690 |
| taff costs and emoluments | ||
| Total staff costs for the year ended 31 March 2021 were: | ||
| 2021 | 2020 | |
| £ | £ | |
| Salaries and wages | 662,761 | 693,475 |
| 662,761 | 693,475 | |
| 2021 | 2020 | |
| Average number of employees | 65 | 66 |
| 65 | 66 |
7. Net income/(expenditure) for the year
8. Staff costs and emoluments
9. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
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The Unity Centre Limited Notes to the Financial Statements Continued
For the year ended 31 March 2021
10. Tangible fixed assets
| Cost or valuation At 01 April 2020 At 31 March 2021 Depreciation At 01 April 2020 Charge for year At 31 March 2021 Net book values At 31 March 2021 At 31 March 2020 Debtors Amounts due within one year: Trade debtors Prepayments and accrued income Creditors: amounts falling due within one year Trade creditors Other creditors Accruals and deferred income |
Land and Buildings £ 506,574 506,574 382,071 5,433 387,504 119,070 124,503 |
Fixtures and Fittings £ 204,377 204,377 194,595 1,467 196,062 8,315 9,782 2021 £ 7,088 3,388 10,476 2021 £ 5,517 4,686 6,389 16,592 |
Total £ 710,951 |
|---|---|---|---|
| 710,951 | |||
| 576,666 6,900 |
|||
| 583,566 | |||
| 127,385 | |||
| 134,285 | |||
| 2020 £ 5,917 2,174 |
|||
| 8,091 | |||
| 2020 £ 1,952 4,422 4,612 |
|||
| 10,986 |
11. Debtors
12. Creditors: amounts falling due within one year
13. Movement in funds
Unrestricted Funds
| General General |
Balance at 01/04/2020 £ 399,543 399,543 |
Incoming resources £ 913,436 913,436 |
Outgoing resources £ (832,011) (832,011) |
Balance at 31/03/2021 £ 480,968 |
|---|---|---|---|---|
| 480,968 |
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The Unity Centre Limited Notes to the Financial Statements Continued
For the year ended 31 March 2021
Unrestricted Funds - Previous year
| Balance at | Incoming | Outgoing | Balance at | |
|---|---|---|---|---|
| 01/04/2019 | resources | resources | 31/03/2020 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 398,578 | 871,193 | (870,228) | 399,543 |
| 398,578 | 871,193 | (870,228) | 399,543 | |
| Purpose of unrestricted Funds | ||||
| General | ||||
| The General Fund is held for the furtherance of the Charities charitable objectives. | ||||
| Analysis of net assets between funds | ||||
| Tangible | Net current | Net Assets | ||
| fixed assets | assets / | |||
| (liabilities) | ||||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General | ||||
| General | 127,385 | 353,583 | 480,968 | |
| 127,385 | 353,583 | 480,968 | ||
| Previous year | ||||
| Tangible | Net current | Net Assets | ||
| fixed assets | assets / | |||
| (liabilities) | ||||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General | ||||
| General | 134,285 | 265,258 | 399,543 | |
| 134,285 | 265,258 | 399,543 |
14. Analysis of net assets between funds
15. Company limited by guarantee
The Unity Centre Limited is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of it being wound up while they are a member, or within one year after they cease to be a member.
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