2021-06-30-accounts - One Cause Limited

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ONE CAUSE LIMITED

A Company Limited by Guarantee

Charity Registration No. 1123183 Company Registered in England No. 06407931

Report and Unaudited Financial Statements Year ended 30 June 2021

ONE CAUSE LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS

Status: Charity Registration No.: 1123183 Company Limited by Guarantee No.: 06407931 The Charity's governing document is the Memorandum and Articles of Association dated 14 April 2008 as amended 13 October 2010. Registered Office: 50 Sandy Lane South Wallington Surrey SM6 9RQ Trustees: Rishi Raja Aashish Sudhir Nathwani Pritul Shah Kishan Vasani Rajen Shah Kiran Shah Secretary: Pritul Shah Independent examiner: Shruti Soni FCCA FCIE Shruti Soni Ltd Chartered Certified Accountants 117a St John's Hill Sevenoaks TN13 3JD

ONE CAUSE LIMITED

Chairman's Report for the year ended 30 June 2021

It’s been 15 months since the beginning of the global Covid-19 pandemic. Many lives and livelihoods have been lost, and most significantly for One Cause, the schools we support are either still closed, or operate online. Despite this, scientific advancements have resulted in the development of effective and safe vaccines at breakneck pace. And the rollout rate of these vaccines is equally impressive in developed economies.

Unfortunately, the vaccines didn’t come fast enough for India, which has witnessed the virtual collapse of its healthcare infrastructure due to the highly contagious and dangerous Delta variant of the virus.

As expected, and highlighted in my 2020 report, the pandemic has had a negative impact on One Cause’s donations, which are down by 34% year on year. This did not deter us from continuing our commitments to the organisations that we support, with our deployment of funds at over 90% compared to the previous year.

Looking one year ahead, I hope and believe that a successful global rollout of the vaccines will have largely taken place, and that our lives will start to return to a new normal. We’re eager to support the transition back to school and take extra measures to ensure that the students’ long-term development is not affected.

The charity’s accounts, detailed later in this report, have been examined and verified by Shruti Soni Limited.

The Board of Trustees and I sincerely wish to thank all our supporters whose continued generosity in these trying times is nothing short of spectacular.

Kishan Vasani Chairman, One Cause

30 June 2021

ONE CAUSE LIMITED

Trustees' Report

for the year ended

The trustees present their report and the financial statements for the year ended 30 June 2021. This is also a Directors’ Report required by s417 of the Companies Act 2006 and all trustees are directors.

This Trustees Report and the associated Financial Statements have been prepared in accordance with guidance for preparing Charity Accounts and Reports presented in “Accounting and Reporting by Charities: Statement of Recommended Practice” and are therefore in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (effective 1 January 2015) – (Charities SORP FRS 102) together with The Companies Act 2006 and the requirements of the Memorandum & Articles of Association.

Objectives and Aims

The objective of One cause is the advancement, improvement and provision of education and training of children and adult. In Particular But Not Exclusively By Establishing Or Working In Collaboration With Educational Institutions. One Cause is committed to raising awareness and funds for the provision of education and improvement of lives to those around the world that have little hope of being given the opportunity to flourish. Our aim is to provide a socially, financially and environmentally self-sustaining model so that local communities are empowered and equipped to pursue a more enhancing and sustainable future.

Achievements and Performance

The year ended 30 June 2021 has been a challenging year with the postponement of one of our main fundraising events, the London Marathon. Even in these challenging times we managed to raise £33,248 and we thank our generous donors for their support and contributions. Whilst this is a big reduction from previous year, we were faced with funding without the London Marathon. We pressed ahead with our project to install electricity in Auro Foundation in Uganda and this was a huge success.

Financial Review

During the year the Charity's total income was £33,248 (2020: £50,342). Total expenditure during the year amounted to £51,753 (2020: £55,435). The net income / (expenditure) during the year was (£18,505) [2020: (£5,093)].

Reserves Policy

The charity needs to have sufficient reserves to enable it to meet its charitable obligations should there be an unexpected donation shortfall. The existence of unrestricted reserves also offers the charity flexibility to plan and fund major projects within its current programmes in India and Uganda. The trustees have agreed that the charity will have reserves equivalent to twelve months of income (based on the year ended 30 June 2018 income of £66,573), which will be reviewed annually to ensure that sufficient funds are available to meet the charity's obligations. The remaining funds are set aside for operational and programme investment. As at 30 June 2021 total general reserves were £148,625 which is well above this level. Structure, Governance and Management The charity is constituted as a company limited by guarantee and is therefore governed by its memorandum and its articles of association. The trustees meet on a regular basis to make decisions and monitor the work of the charity. The board of trustees is authorised to appoint new trustees to fill new vacancies arising through the resignation or death of an existing trustee.

Structure, Governance and Management

The charity is constituted as a company limited by guarantee and is therefore governed by its memorandum and its articles of association.

The trustees meet on a regular basis to make decisions and monitor the work of the charity.

The board of trustees is authorised to appoint new trustees to fill new vacancies arising through the resignation or death of an existing trustee.

Statement on Public Benefit

In shaping our objectives for the year and planning our activities, the trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and have complied with section 4 of the Charities Act 2011

Plans for future periods and impact of COVID19 on charity's activities and financial stability

Our goal for the future is to support the schools we work with and help them operate successfully in these ongoing challenging times. We have sufficient reserves in place to continue our ongoing activities even if our donations were to drop over the next 12 months.

for the year ended 30 June 2021

ONE CAUSE LIMITED

Trustees' Report

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period. In preparing these financial statements, the trustees are required to:

a) select suitable accounting policies and apply them consistently;

b) observe the methods and principles in the Charities SORP;

c) make judgments and accounting estimates that are reasonable and prudent;

d) state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

e) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the Statement of Recommended Practice, ‘Accounting and Reporting by Charities (SORP FRS 102), and in accordance with the special provisions of section 419(2) of the Companies Act 2006 relating to small entities

28th March 2022

The report was approved by the trustees on _________and signed on their behalf by:

____ Trustee Name:__________ Kiran Shah

Independent Examiner’s Report to the Trustees of One Cause Limited

I report on the financial statements of the charity for the year ended 30 June 2021 as set out on pages 6 to 14.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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
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.

Shruti Soni

Shruti Soni (Apr 26, 2022 09:29 GMT+1)

Shruti Soni FCCA FCIE Date: Apr 26, 2022

Shruti Soni Ltd ● Chartered Certified Accountants

117a St. John's Hill, Sevenoaks TN13 3PE

ONE CAUSE LIMITED

Statement of financial activities (incorporating an income and expenditure account)

For theyear ended 30 June 2021	For theyear ended 30 June 2021	For theyear ended 30 June 2021	For theyear ended 30 June 2021
Unrestricted Note £ Income from: 2 15,740 3 1,300 634 17,674 4 8,917 4 29,883 38,800 (21,126) (21,126) Reconciliation of funds: 169,751 10 148,625 Total funds carried forward Transfers between funds Net movement in funds Total funds brought forward Raising funds Net income / (expenditure) for the year Total expenditure Charitable activities Donations and legacies Advancement, improvement & provision of education & training Investments - Bank interest Total income Expenditure on: Other trading activities		Restricted £ 15,574 - -	2021 Total £ 31,314 1,300 634 33,248 8,917 42,836 51,753 (18,505) - (18,505) 180,770 162,265	Unrestricted £ 35,101 5,153 974	Restricted £ 9,114 - -	2020 Total £ 44,215 5,153 974
	17,674	15,574		41,228	9,114	50,342
	8,917 29,883	- 12,953		9,731 27,554	- 18,150	9,731 45,704
	38,800	12,953		37,285	18,150	55,435
	(21,126)	2,621		3,943 -	(9,036) -	(5,093) -
	(21,126) 169,751	2,621 11,019		3,943 165,808	(9,036) 20,055	(5,093) 185,863
	148,625	13,640		169,751	11,019	180,770

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 10 to the financial statements.

ONE CAUSE LIMITED

Company no. 06407931

Balance sheet As at 30 June 2021

Note £ Current assets: 7 676 162,939 163,615 Liabilities: 8 1,350 9 148,625 Total unrestricted funds Restricted income funds General funds Total assets less current liabilities Debtors Creditors: amounts falling due within one year Cash at bank and in hand Total charity funds The funds of the charity: Net current assets / (liabilities) Total net assets / (liabilities) Unrestricted income funds:	2021 £ - 162,265	£ 1,728 180,362	2020 £ - 180,770
163,615 1,350		182,090 1,320
148,625		169,751
	162,265		180,770
	162,265		180,770
	13,640 148,625		11,019 169,751

	162,265		180,770

For the year ending 30 June 2021, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees’ Responsibilities:

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
The trustees acknowledge their responsibility for complying with the requirements of the Act with

respect to accounting records and the preparation of financial statements.

These financial statements, which have been prepared in accordance with the special provisions relating to the small

companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

28th March 2022

These financial statements were approved by the board on ……………………………………..and signed by its behalf by:

Trustee Kiran Shah Name

ONE CAUSE LIMITED

Notes to the financial statements

For the year ended 30 June 2021

1 Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with 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 2019) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. One Cause Limited is a company limited by guarantee with registration number 06407931 and registered with Charity Commission with registration number 1123183. Its registered office address is 50 Sandy Lane South, Wallington, Surrey SM6 9RQ. The accounts are presented in GBP rounded to £1.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. The departure has involved following the 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) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

b) Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

c) Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

Key judgements (excluding those invloving estimates) that the charitable company has made which have a significant effect on the accounts include Depreciation rates for tangible Fixed Assets.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

d) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

ONE CAUSE LIMITED

Notes to the financial statements

For the year ended 30 June 2021

1 Accounting policies (continued)

f) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

g) Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

˜ Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose
˜ Expenditure on charitable activities includes the costs of performances and choral singing activties undertaken to further the purposes of the charity and their associated support costs
˜ Other expenditure represents those items not falling into any other heading

h) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, support costs, being cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the basis of estimated staff time attributable to each activity.

˜ Advancement, improvement & provision of education & training 100%

i) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

j) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users.

k) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

ONE CAUSE LIMITED

Notes to the financial statements

For the year ended 30 June 2021

1 Accounting policies (continued)

l) Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

2 Income from donations and legacies

Gift Aid Income from Fundraising Events Income from other trading activities Donations Donation for Sponsor a Student Donation for Uganda Projects	Unrestricted £ 14,369 - - 1,371 15,740 Unrestricted £ 1,300 1,300	£ - 5,450 9,526 598 15,574 £ - - Restricted Restricted	2021 Total £ 14,369 5,450 9,526 1,969 31,314 2021 Total £ 1,300 1,300	2020 Total £ 31,502 - 7,416 5,297
				44,215
				2020 Total £ 5,153
				5,153

3 Income from other trading activities

ONE CAUSE LIMITED

Notes to the financial statements

For the year ended 30 June 2021

4 Analysis of expenditure

Analysis of expenditure
Donation to Nirvana Trust (India) Donation to Auro Foundation (Uganda) Sponsor a Student Donation to Nirvana Trust (India) Sponsor a Student Donation to Auro Foundation (Uganda) Fundraising Events Accountancy & Independent examination Bank charges & Just Giving Fees Sundries Governance costs Support costs Total expenditure 2021	Cost of raising funds £ - - - - 8,660 - 257 - -	Charitable activity	Support costs £ - - - - - 1,698 657 8 -	2021 Total £ 7,801 27,672 - 5,000 8,660 1,698 914 8 -
		Advancement, improvement & provision of education & training £ 7,801 27,672 - 5,000 - - - -
	8,917 -	40,473 2,363	2,363 (2,363)	51,753 -
	8,917	42,836	-	51,753

Of the donations to Nirvana Trust £2,947 and £4,854 were for roof repairs and Covid medical equipments respectively for schools in India. Of the donations to Auro Foundation £14,691 was for eletricity installation and £12,981 was for hair dressing equipment and tailoring upgrade for schools in Uganda

Of the total expenditure during the year £12,953 was restricted (2020: £18,150).

ONE CAUSE LIMITED

Notes to the financial statements

For the year ended 30 June 2021

4 Analysis of expenditure (Continued)

Cost of raising funds £ - - - - 9,169 - 562 - -	Charitable activity	Support costs £ - - - - - 1,404 805 8 1,156	2020 Total £ 3,482 7,573 18,150 13,126 9,169 1,404 1,367 8 1,156
	Advancement, improvement & provision of education & training £ 3,482 7,573 18,150 13,126 - - - -
9,731 -	42,331 3,373	3,373 (3,373)	55,435 -
9,731	45,704	-	55,435

ONE CAUSE LIMITED

Notes to the financial statements

For the year ended 30 June 2021

5 Related party transactions

There are no related party transactions to disclose for 2021 (2020: none).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties. Some trustees donate back out of pocket expenses incurred.

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2020: £nil). No charity trustee received payment for professional or other services supplied to the charity (2020: £nil).

One trustee was reimbursed travelling expenses of £Nil (2020: £1,156) incurred in relation to their duties as trustees.

6 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

7 Debtors

Other debtors	2021 £ 676	2020 £ 1,728
	676	1,728

8 Creditors: amounts falling due within one year

Accruals Trade creditors	2021 £ - 1,350	2020 £ - 1,320
	1,350	1,320

9 Analysis of net assets between funds

General unrestricted £ 148,625	£ - Designated	Restricted £ 13,640	Total funds £ 162,265
148,625	-	13,640	162,265
General unrestricted £ 169,751	£ - Designated	Restricted £ 11,019	Total funds £ 180,770
169,751	-	11,019	180,770

ONE CAUSE LIMITED

Notes to the financial statements

For the year ended 30 June 2021

10 Movements in funds

At 1 July 2020 £ - 1,905 7,416 1,698	Incoming resources & gains £ - 5,450 598 9,526 -	Outgoing resources & losses £ - (5,450) (2,503) (5,000) -	Transfers £ - - - -	At 30 June 2021 £ - - - 11,942 1,698
11,019	15,574	(12,953)	-	13,640
169,751	17,674	(38,800)		148,625
180,770	33,248	(51,753)	-	162,265

10 Movements in funds (continued)

Movements in funds (continued)
		Incoming	Outgoing
	At 1 July	resources &	resources &		At 30 June
	2019	gains	losses	Transfers	2020
	£	£	£	£	£
Restricted funds:
Restricted donations - India	16,611	-	(18,150)	1,539	-
Gift aid on Restricted Donations - India	3,444	-	-	(1,539)	1,905
Sponsor a Student		7,416	-	-	7,416
Gift aid on Sponsor a Student		1,698		-	1,698
Total restricted funds	20,055	9,114	(18,150)	-	11,019
Unrestricted funds:
General funds	165,808	41,228	(37,285)	-	169,751
Total funds	185,863	50,342	(55,435)	-	180,770

Purposes of transfers between funds

Transfers between restricted funds represents the use of funds for two separate projects.

Transfers between restricted and general funds represent use of some general funds towards restricted projects.

Purposes of restricted funds

Restricted donations are used to sponsor students in Uganda and India for education.

11 Legal status of the charity

The charity is a company limited by guarantee and has no share capital.

One_Cause_Limited_Accounts_2021 Signed

Final Audit Report

2022-04-26

Created: 2022-04-26 By: Shruti Soni (shruti@taxacc.co.uk) Status: Signed Transaction ID: CBJCHBCAABAA_ujWb0aCtJpe4lcplzRCKUjrVlP78tWd

"One_Cause_Limited_Accounts_2021 Signed" History

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