Charity number: 515412 Company numb8r: 01790507 (England and Wales) The Unlty Centr8 Llmited Report of tha Trustees and Audited Financial Statements For the year ended 31 March 2024 Iilhewitts chartered certifred accountants
The Unity Centre Limited Contents Page For the year ended 31 March 2024 Repc¥t of th6 TnBtees 1to3 Repc*t th& Audllor8 4t05 Statement d Flnanclal Activith?S Ststement of Financlal Position )tes io ts Financial Statements 8t013
The Unity Centre Limited Report of the Trustees For Ihe year ended 31 March 2024 Thè Trusle6s. who arè also dréetor8 fc Ihè wrposès of company law, havè eaSure in prÉ$éntlng Ih6ir rèport and Ihg flnanclal 81at8m6nls for thè Charitab conwany fc¢ thè year d6 31 M8¢ch 2024. Th& Trus16é8 have athplèd Ihe provlsions d Accounthg and Reporting ty Ch8rities.' Statement Recommered Pract'cè appllcablé to tharttles prÈp8rkng thelr 8¢COLM)ts in accordance with th& Financlal Reporting Slandafd applicable in thè UK and th8 Républic of keland {FRS 1021 lèffÉctNe 1 January 20151. 08JECTIVES AND ACTivmES Prwxlpal acllvlliès Thè prlnclpal tltY and objècts of thé Conwany during Iha year under revK8W, in linè wllh It8 conslilution. conllnued S) tr thè ¢xe81ion crf employmènt vi8 èst8bli$hmént of small busin68s, log&lhèr with the provision of nursery and gymn8sIL# tscllltl88 b provide 88rvic8s to all, 8$pecially th8 unemployed and dèprivéd of the City of Shéffidd. a¢liMt tkning thè year, lh8 Charity has contnU8d to fOS cl) the improvèment cl Its ov811 facllitles. It has also contlnued to provide tho empbym6nt creation and tr8iryng crf Ihe LY)errployed. The gymnasium provided Iow-COSt f8clili8s fLY all, parts'cularty those on bw incom88 unwag6d. The in addition to providing high quallty seNicas to th6 hard-wOrng famllies of Sheffidd has comnitt6d to Ihe training and dèveloWt of Igh-qualitY nursery staff. During thi8 y8&, A C A Bevis {Chairl and N Mocye (Nursary Manager) bolh fel ill and dred on the 15th aTh1 271h of January 2024, respèclivety. The nwsery, gymnasium end other facilities conlinu6d to qJtral6 as nomial under th6 supervision of the Deputy rsery Manager S Lewls who 18 now Nursery Manager. The Chair¥ rol6 ha8 been takèn over ty L Skiwar-Bevi& statent on publ1¢ bènaflt Thè trustw have constdered th6 Charity Commision's guldance on pthllc bwfil, Induding fha guldancè bublic benefit.. runnlng a Charity (PB2)'. ACHIEVEMENTS AND PERFORMANCE Slgnlficant actlvltlos During thé ye8r the Charity has prOded public benefit by con801id8ting the prov18[ cl its Sèrv8 8fKI Continuing to wovkle hlgh qually tralnlng Facllilles have been madé available trj hard working familes, the unwaged dVed dlizens crf Sheffield FINANCIAL REVEW Th8 fèsLMI8 for th8 year are sel pag& 6. Ro••rves As 81 tha balancè sheet date Ihè CharFty had uw6stitted re96s amounting kn £467.754. 2023. £542.899and the Directors and Trustees will pursue poiicies designed b further consolidate Ih&se in futtre year& Thèy consKler tha yéar PaS8ed as m86ting Charitabia requFrement8. The nel operaliig dèfidt amounted to (£75,145). 2023- £20,472. Tha Directors and Trust$ consid6r it prudwjt to hohj lrestrIctlv8 rÉ86rves equival6nl to approxinaléty twenty four month$ 6xpen(&turè to Wolecl thè Charity against a fall in revenu66, and Ilw wil continue I) work towds Ills (l)¢11Ve. However, aS 8nd rwvaIKM d tha property have beèn needod fcK soma yews and the tr%108S have taken the declsion t wcfk towts the Lpkeep of the pryrty over the nèxt few years, resulting Ml Ihls yoars deficit. They will work knward8 Ihe rovival of Th Unity Centre Ltd wélhwt compromising tha Charlly's plans. Risks The Tru8le&s have raVwe and identifd Ma dsks to the Charity d have é81abll$hed 8yStems to nNligatè their tsnpacl. the p08ilion cl th8 Charily Is regularly reviewed by management and steps we laken as rewired to react lo chan$ In ¢rcum81ances. 8TRUCTURE,GOVERNANCEANDMANAGEMENT Gov•mlng docum8nt Thè Compary is Ilmltèd try Gwaranlea and the liablllly of Ihe m8n*ers is Imlled $3 £1 èaclx It Is govemed ty 118 Memorandum & Articb$ of A88ociaknn and by a Con$tilutlorL Organlsallonal 8tructt¥e The Truslèes ovtrsee the operation of the cltY wllh managèment békng d8vcAved the DY8ctors to 8 m8nag&ment SIrutUre headed ty L Skpper-Bevis t1781 1$ rèsponsible for lh8 day to day running d the Ch8ri1y. Rdaled partles In the opinium cl thè Tru81@es there ¥e no COThoperatlve relalbnship8 with otsr organlsations.
The Unity Centre Limited Report of the Trustees Continued For Ihe year ended 31 March 2024 REFERENCE AND ADMINISTRATIVE WFORMATION Name ol Charlly Charlty rstratI1)n number Company reLlstratlon numbor Prln¢lpal addr9•8 The Unlly Centr8 Llnlled 515412 01790507 85 Bole Hill Road Walkl$y Sheffl8ld S6 50D Tru81008 Irustees and offkers serving thrirwJ the year and slnce the year end wwe as fL4knv8.' W Bolton L Skipp6r-Bevis K Bower J B Morrlsc R J Whartcrf) Secrat•y L Skipper-Bevls Au(¥tor S Mauriclo 78 Barber Road Sheffidd S10 1EE BarfKer8 HSBC Pic RESPONSIBIUTIES (F THE TRUSTEES Trust68$ are 8t80 th1(¥$ fcr th8 purposes ol Co)nY law, e r88ponslbl8 for praparlno th8 Raport of the Tnjstees and th8 financlal State18 kn aCcCfda wth applicable law and United Klngdom Ac¢ountlng Standards Iunlted Klng(lorn Generally Acwted Accolmting Practic61. The TrL&%tees &e rewlred lo fin8nd81 statements for e&h financi81 yew whkh glve a tru8 and fak v18w of tho 8tale of affars of tho charitable company and of the incomlng rèscwces arKI applkatlm of resoLrce$ of the eharllabte conpany for Ihal perlod In prep8rkng those financial slatements, the trustees e requlr6d ltr. - 8ei8Ct 8uilxble 8CCLxJntlng poIc5 axl th8n apply them con8i8lenlly: - observe the melhods prlnciples in the charities SORP,. - make judg8ments and estimates that aé rea$onable and prudent: state whether applicable UK aCcotIng &t¥Klards and statements of recommend sY8clre have be followéd, bjeCt any departwes thsck)sed and explained in the fln2ncial Statements., - preparé the financial 8tatements on a going concem basls unless Is h)approprkle trj presLwne that Ihls bss18 appli•s. The Trustees are responsikA8 for keeKthg proper 8¢¢ounting rec(Tds whi¢h rfisdose wilh rea8(>1¢ accLracy al any trne lh8 financial positi of tl charlt¥kn company and enabl8 Ihem to ensure that the financial slaternts Cornply wllh th8 Compani&s Act 2006. Th8y are also rosponslble ftr safegu8rdng tho assets of tho charitabl6 ¢CpanY and hence for teing re880nat4e s fcy the preventth and delecknn fraud and olhor kregularilies. In 80 far as the Trustees are 8war Ihere ts no rdevant Informalkjn, being inf(xmallcn needed ty the audtor In connection th preping the repor( of whh the audtcfls LThW8rq and th8 trustees have tthen all steps thal they ought to hav8 taken to make ItselveS aw&0 d ary rdevant al11 Snformat and to estaulsh that lh8 *Jditor$ aware of that informattofL
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AIA Indeptndent Audltor's Report To the T.rusteos of The Unity Celltre Limited Report on the Audlt of the Financial Statements Oplnion W¢ h&ve audited the financifil st&tements of The Unity Ccntre Limit¢d (the 'fharity'J for th¢ yr ended March 31, 2024. Th¢8¢ financial $tat¢m¢nts ¢ompris¢ th¢ statement of fin¢[&] position as of t]Mt dat4 and the $tat¢m¢ttt of financial activities (includlng income @nd expenditure account). 8t0 notes to the fi#ancial statwnEnt4 includitig a Summary of 3ignifi¢ant ac40unting policics. In our opinlon, the aecompanylng fiDaneÉal sÉatement8 present fairly, In all mat¢rial re8p¢cts, the financial posfition of the Charity as of March 31, 2024, and its fin&neiAI performance and fits cash flows for the year then ended In ceordAnce with InttrnationAI Finandal Reporting StandArds {IFRSs1 Basig for Opinion We conducttd our audit in a¢cordanee with International Standards on Auditing aSAsl. respon8ibiliti¢s under Ite standards furth2r Ife5cribed in the "Auditor's Responsibilities fly the Audit of the FiMncittl Ststements" section of thi% reFQrt We aff indep¢ndent of the Charity in ac<ordanc2 With th¢ relevant ethical standards aThl h4ve fulfilled our otljer ¢lhical r¢sponsibilities. We believe thE audit evidence obtÈined is su1r1¢t and appropriate ts) sup]x)rt our opinion. Key Audit Matters We did not identify any significant issues that ne1 to highlighted in thi8 reikn.. Ruponsibilities of Management and T,ho$e Charged with Governance for the Financial Statements Management is reswt)sible f(t prewing and fairly pr¢s¢nting the financial 3tstcrn¢tts ID 8ccordan¢c with IFRSs. &nd for maintaining effective inteTnal eontrol over fin&1 reporting. Thosc ¢harged with gov¢rnanc¢ 8r¢ respoffjible for overseeing t Chtritys financial rep)rtir& pro¢e$$. 78 Borber Road Sheffield SIO IEE 114 rf.global-tox.co.uk email: vmattis@globol-lax.co.uk
AIA Auditor's R¢sponsibililie8 for the Audit of th¢ FinaneiAI Statements (kn obitiVeS are to obtsin re&8onable assuran¢e about whether ihe financial statements &q a whole are freo Ilom materi8] misstatement, atKI tr) issue 81) auditor's rewrt trAt includes (AW opinion. Reasonabl¢ wu]xnce i4 a high levei of assurAnce. but 18 not a 4uaTantee &udit will alvdys detett a material mlsstatein¢nL We perfornied pi'iK¢dures to assess the risks of material misstat¢ment aThJ designed and perfi)rn)ed further procedures in re4x)iise to those risks. We evaluated the appropriatdiess of accounting p)licies ' used and th¢ r¢asonabl¢nw of aceounting estimate$ and related disclosures made by management. W¢ concluded that the Charity has a reasonable basis for usin8 the going concern basis of accounting. W¢ communicated with tho8¢ charged with govemanee re8arding the Scope and findings of the audt including any signif&t d¢ficiencies in internal control. Solani MAurieio ACCAIMAAT Verrol Matti$ (AIA) GlobAI Tax December 12, 2024 78 Barber Road Sheffield SIO I EE fslll5sEE 0114 2166 4tEe) www.globol-tox.co.uk email: vmott15@globol-lax.co.uk
The Unity Centre Limited Statement of Financial Activities (including Income and Expenditure Accounl) Continued For the year ended 31 March 2024 U83trIctèd furKIs 2023 Income and ondowmtnts from: Charltabla acdv511es 1,034,538 1,034,538 1,040,187 1,040,187 Expendlturè 01 Charltable actlvltles Total 314 (1,109,681) 11,109,681) 11,019,715) (1.019,713) Net Incomelexpen(lthro Reconclllatlon ol tunds Total funds brought fojward Totsl funds carrled fonvard (7S.1451 20,472 542,899 467,754 522,427 542099
Reted Numbci.: "TrG, Ll Trty CorilQ, l.jmitc,d Qtsitem,' tt Fi;iane.r-J Position S ,'y1 fd&-ch 2024 Flxed as88ts TglIe as8ets 121.979 12l979 122,432 121432 10 11,488 380,232 23.007 412.134 435.141 {14.674) Cash at bard( and kn h credto amwits due wlthln one y N&t eurrent assots 11 {25345) 344775 467.754 467.754 Th? funds of the charlty ihrestricted COrne 12 467,754 467.754 S4299 Total fw For year ended 31 March 2024 trustees ad(Th)wledge their reSFaslIIes f(r complyivJ the reryirements of ts kt wilh reswt to accc4JntwwJ rd5 the pryation of cOt& These accotjts fAve been pryed kn )r(Ce wlth the w0viOnS appiicaLle b cowq)anies &biecl lo the small ccryanies, regin& Th8 fina[181 statThnt wwe aFproV] aJllKYlsed for issue by ts Bwd aTrJ signed cm tts blf by. Tnjstee 03 December 2024
The Unity Centre Limited Notes to the Financial Statements For the year ended 31 March 2024 1. AcCotIng Pollelos B•$l¥ of accountkng The flnancla StatentS have b68n prewed undér the Nstclcal cost convention, èxeepl fly Investm18 whlch We cluded at market value the revduatl¢ of certaln fL¥ed 888et8 ¥Md in accordance th tha Charities SORP IFRS 1021 'Accounting and Reporting by Charillas: Statement of Recommended Pr8clu appllcable to charfties prep8rlng thelr a¢coLmt8 in acccfdance with the Flnancial Reportlng stdard applicable in the UK arKI Republic d Ireland IFRS 102) (effecte 1 January 20151,, Flnanclal Reporting Standard 102 the Flnanclal Reportlng sIdd applle8bl8 in the UK and Republc of treland IFRS 102), and the Charitios Act 2011. Tho Urdty Centr6 Llmlted med8 tha definlllon of a public benefit entY under FRS 102. Asse18 ¥td Ilabillties ar8 Inltlalty recc#3nised at hlstorlcal cost cr transactlon value otherwlsa stat&J In the rel&vant accountlng pollcy rKJt6lsl Galno concem The cwjany has suffIcit cash reserves to té cOldered a going concerrn Incomlng resthree8 All incoming resoLTces 8re included In the statement of financial actlvities bthen aritY Is entllled to the income and amount can quanllfied wf(h reasonable accLYacy. The following specific policies we appliéd to particular categories of income.. come frc¥n investments is inthled in Ihe w in wlmch it is receivabie. R•sour¢es 8xpwded Lla)ililies e reGogrtsed as rescAJrtes expendod when Ihere [% a legal constnKtive obllgation commltting the Charity to the expenditure. Expenditure inckjdes any VAT wtrich cannot bB flY recovtr. and i8 rep(wted ag pt of the expendture to whlch It relates. Cost$ of genoratlng funds Co81 OF generattng funds conyise the cost of furKaising Including th8 Chits nursery gymnaslum. Charltable actlvltes Charllable expendllurè comFw&es tho88 costs inttued by the Charity in tha dellvery of its actmtiés and swvkes for ts beneficlarles. tt includes both costs that bè al¢ed and those costs of * iithrect nature nSSary b SLPPOrt them. Taxatlon The Ch8ltVs activlties fai withln the exemplions afforthj by Ihe prov(sion8 of the hcome and Corporatton Taxes Act 1988. AcCordiY there Is no taxation ch&ge in these acco1& Tanglble fad assèts Tangible fixed asse18. oT th8n freehoid land, are Stat at cost or valuallon s8 depreuatlon and any provlslon for palrment. Dèpreciallon is provkled at rates catculaled to writè off the valuation of fL¥ed asset$ less the estimated reskfjual vahje, over their expe¢led usefijl lives cm the follow*w basis.. Land and Bulldings Leasehold Fknperties Other tangible assets 2% Straight Ilne Ovtt the Ife of the leaso Straght Ilne 15% Reducing ba8mce
The Unity Centre Limited Notes to the Financial Statements Continued For the year ended 31 March 2024 2. Incom• frt)m charltablo actIvI•S 2024 2023 Urn•$trkl•d fund8 Mirw.y rs8ry Gymn8slum Gymnaslum Llcence fees r6tsfved 981,200 987,129 48,126 47,848 LICer fess recefved 5,210 5,210 1,034.536 1,040,187 3. Co6t8 41 charltablfj actlvltl•s by fund ty 2023 iknro8trlcted funds Nursery Gymnaslum Other Support costs 924,949 39,589 137,843 7.300 889,942 45,958 83,815 1,109,681 1,019,745 4. Costs d eharStable activhios by aedvlty typ 2024 2023 ActEvlties undertaken (ffirèctly rséry Gymnasium Other 924.949 3989 145,143 889,942 45,958 83,815 1,109,681 1.019,715 & Anatyw ol support costs 2024 2023 Govemance costs 7.300
The Unity Centre Limited Notes to the Financial Statents Continued For the year ended 31 March 2024 Net kn¢om61{exp•ndlturel lor thè year Thls & slated 8ft¥ chargingl(credilingl'. 2024 2023 Depreclalon of ownéd flxed assets Examiier's fees 8,823 7,300 37,744 7,944 Trustees. remLneration 26,738 7. Staff eolts and omoluments Total staff cc6ts fc¥ the yew ended 31 March 2024 werw. 2024 2023 Salarles and w4es 794.807 796,366 79407 796,366 2023 number of employees 74 74 74 74 8. Conyarallve for the Statthngnt of Flnanclal A¢tMtI85 The COraratIve y88r values on the statt of Financial Activites *e for urwestitted lunds. io
The Unity Centre Limited Notes to the Financial Statements Continued For the year ended 31 March 2024 Tanglljla fixed as8et8 Land and 8ulldlng* FlxtW•8 and Flttlng8 Cost or valuallon Total At 01 Aprll 2023 Addttons At 31 March 2024 506,574 215,595 8,370 223,965 722,169 8,370 730,539 SO674 Dweclatlon At 01 Awl 2023 Charg8 f year Al 31 March 2024 Net book values 398,370 201,367 599,737 5,433 403.803 3,390 204,757 8,823 608,560 At 31 March 2024 102,771 19,208 121,979 At 31 March 2023 108,204 14,228 122,432 10. Debtors 2024 2023 Amounts due wlthln +Jne year. Trad8 dth¢xs Prepayments and accru8d income 7,322 4,166 14.463 844 11,488 23,007 11. Credltors: amounts fallkng due wltlkn one year 2024 2023 Trade cre(blrys other credt(¥s Accrusls and d8ferr&g incom 632 2,335 5,735 6,604 6.679 18.634 26,945 14,674 11
The Unity Centre Limited Notes to th6 Financial Statements Continued For th6 year ended 31 March 2024 12. Movam•nt In lunds Unr•strlcted Fund• Balan¢6 at 0110412023 Incomlng Outgolng reaourc88 88lanc• at 3110312024 G8n8r.al General 542,899 1,034,536 (1,109,681) 467,754 542099 1,034,536 (1,109.681) 467,754 ithr•strkted FdI . Pr•vlous ywr Balance at 0110412022 Incomln9 re•ource# Outgolng reaource* Balance at 3110312023 Gen8r,81 General 522.427 1,040,187 11,019,715) S42,899 522A27 1.040.187 11,019.715) S42A99 Purpose af wre8tricled Funds Gen6ral The Gen6ra Fund i% heid for thè furtherance of the Charltles charhable oblecllve 13. Anatysls of not as8Ot• botween funds T•wR)l• flx•d a88•ts Nèt curr•nt a$¥ets I N•t AM•l• Lknréslrfcted ld$ Gengr,al Ger81 121,979 345,775 467,754 121,979 3775 467,764 12
The Unity Centre Limited Detailed Statement of Financial Activities For Ihe year ended 31 March 2024 Prevlous year TangSble Nat currènt a$fjet$ I Ill*bllltl•81 N•t A8••ts Unre8trl¢ted ld9 G6nsr,&l General 122,432 420,467 542,899 122,432 420,467 642,899 14. Company lknlted by guarante¢ Th$ Lknity C8nlre Linyted is a conwany liwited by guarantee and aceorthgly does not have a shar8 capltst. 13