UNLOCKED GRADUATES

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Buzzacott Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The trustees have assessed the resources, activities and risks of the charity to assess whether the use of the going concern basis is appropriate. This assessment has been made for a period of at least one year from the date of approval of the financial statements. Our income from the graduate programme is contracted with the Ministry of Justice until October 2026. In addition, the charity has a healthy reserves position. The absence of a confirmed MoJ contract beyond October 2026 creates a material uncertainty regarding the charity's ability to continue as a going concern beyond that point. However, given the charity's strong reserves position, secured income through to 2026, and the active pursuit of alternative funding opportunities, the trustees are satisfied that the charity has sufficient resources to meet its obligations for the foreseeable future. The trustees have therefore concluded the charity is a going concern and the accounts and financial statements have been prepared on this basis.”

Significant events

• “Failure to secure sustainable direction and funding for future work in the absence of a new MoJ contract.”
• “Lack of stakeholder support from government, the civil service, or prison governors.”
• “Reputational risks relating to participants, such as negative media coverage or a high-profile departure of a participant.”
• “Cyber security or data breach.”
• “New ventures fund of £nil. This designation has been closed due to no future planned activities and funds transferred to the Ambassadors fund and unassigned funds in 2024/2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -17.3%

  £3,992,477 → £3,301,107

• Cash

  -35%

  £804,879 → £523,081

• Net assets

  -30.5%

  £818,188 → £568,572

• Employees

  -25.9%

  54 → 40

• Wages

  -2%

  £1,490,845 → £1,461,222

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers