ONE CAUSE LIMITED A Company Limited by Guarantee Charity Registration No. 1123183 Company Registered in England No. 06407931 Report and UnaudTted Financial Statements Year ended 30 June 2022 ABZKC25F* 1810312023 COK4PANIES HOUSE
181
ONE CAUSE LIMITED REFERENCE AND ADMINISTrATIVE DrrAILS Status: Charity Regi5trntknn P4).: 1123183 Company Limited Guarantee P4).: C07931 The Charity5 governfjng (l(xument ts the IlerrK)randurn and ArtKles of Associotion dated 14 April 20J8 as amended 13 October 2010. Reglstered Offlce: 50 sa South Wallington Surrey &46 9RQ Trustees: R15hi Raja ashish SLxlhir Nathwani Pritul Shah Kishan Vasani Rajen Shah Kiran shah Setrètary: Pritul Shah Independent examiner: Shruti Soni FCCA FCIE Shruti Soni Ltd Chartered Certified Accountants 117a St John's Hlll Sevenoak5 TN13 3JD
ONE CAUSE LIMrrED Chairman's Report for the year ended 30 June 2022 I'm thankful to report that currently. mtd-2022. Ctivid-19 pan¢knic is iaryely behind us. Vaccire5 have been rolled out successfully and infect•)n rate5 have largely been low. symptom5 being mild, generally speaking. We are Thjw In a post-pandemic world that's thing its best to return to a new nonnal. For One Cause. that means the s¢hwls we suppjrt have reoFened and t1r first prk)rity was to assess the students and understand the irnpact of little to proFer sctrK>Jling for the best part of years. To that end, One Cause ha5 been c105ely mnitorin8 IaL needs as the get back up and running. and has been more than willing to prowde SOUrCeS. Given our anticipation of additional finarKial swyt required by xh)Dls. it was IAtal that One Cause InCaSed our fundralslng efforts. To that end. I'm pleased to pOrt that in¢ome was up 73% compared to last year. Followlng on from this, we atso deployed more funds towards our mission, with an 80% increase compared to 2021. Our goal for the next year is to bring back Inprsryh event lundrnlslng. a strategy that has seThed us weil in the past. charity's accounts, detailed i•*r in thls rew)rt. been examined verifled by Shruii Sonl. The Board of Tru5tee5 and l are, as always. extrern£ly grateful to OLK kind &)nors arKI loyal supporters whose klndness IEips u5 continue to make great strf(les In brfinging op(K)rtunlties to ILtal ¢ommLfftities through education. Kishan Vasani Chalrman, One Cause
ONE CAUSE LIMITED Trustees. Report for the year ended 30 June 2022 The trustees present their reFQrt and flnancial statements for tl end June 2022. Thfjs Is also a Directors. ReFKJrt requlred by s417 of the Companles Act 21kn aThJ all trustees are dlrectors. Thls TrLtstees ReFM)rt and the associated Financial Statements have IEen prepared in accordarKe with guidance for preparing Chartty Accounts and Reports presented in -Accounting and Rep)rting by Charities.. Statement of Recommended Practice" and are trefo in accordance with the Financial Reporting Starklard applicable in the UK and Republic of Ireland leffective 1 January 20191- (Charities SORP FRS 1021 tOger with The Companle5 Act 2006 and the requirements of the MenKJrandum & ArtKLes of Assrtiaticth. Obirti¥es 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 CollatrKJration Wlth EdLKational Institutions. One Cause is committed to raising awareness and funds for provision of education and improvement of live5 to those around world that have little hjpe of Ing given opportunity to fLourlsh. Our aim is to provide a 50cially, financially and environffntslly self-sustatning model so that IK31 cornmunities are empowered and eqUIpd to pursue a ffl0 enhancing and sustainable futLe. AchTèveThents and Performance The year ended 30 June 2022 has ten a great year of f4Jndraising efforts wlth the return of the London llarathon. our major fundraising event. In total. we managed to raise £57.668 up 73% from last year and we thank our gerOuS donors for their continued suN)ort and contributK)ns. We pressed ahead with our annual project5 of swn50ring students in tx)th Auro Foundation In Uganda and Nirvana SC10l in India. Alongside thi5 we invested In the lacllltle5 at the Auro Fwndation. Financial Revlew During the year the Charitys total iOrne was £57,668 12021: £33,248). Total expeThJiture during the year amounted to £86,57012021.' C51.7531. net expenditu ring year was £28.IA)2 12021.. £18,505). Reserves Pollcy The charity needs to have sufficient reser¥es to enable it to meet its charitable obllgations sknuld there be an unexpected th)nation shortfall. The existence of unrestricted reserves also offer5 charity flexibility to plan and fLFnd major projects within its current programmes in Indla and Uganda. trustees have agreed that the charity will have reserves equivalent to •e1Ve months of iorne Iba5ed on the year ended 30 June 2022 income of £57,668), which 1( be reviewed annually to ensure that sufficient fund5 are available to rneet the charitys obligations. The remaining funds are set aside for OFerational and programme investment. As at 30 June 2022 totsl general reserves were £133,363 whKh is 11 aLe this level. StnKture. GovernarKe and l+lanagement The charity is constituted as a company limited by guarantee and is tsrefore goverrd by its memorandum and its articles of asKKiation. The tfustees meet on a regular basis to make decisions and monitor work of the charity. The board of trusiees is auttrK>rtsed to appoint new trustees to fiLi new ¥anCIeS arising through the resignatlon or death of an existing tW5tee. Statement on Publit Benefrt In shaping our objectfves for the year and plann(n4 our xtivit5. trustees conflmi that tly have referred to the guldance contained In the Charity Commi5SiCffi'5 general guidance cffi public tefit and have cornplied with section 4 of chatieS Act 2011 Plan5 for future periods and financial stabillty Our goal for the future is to sUprt the schcKJls we %w)rk with and llp tffl ryErate 5cessfUlly. We have sufflclent reser¥es In place to cOntIn (wr orsgolng activits even ff our thatIons were to drop over t1 next 12 months.
ONE CAUSE UMITED Trustees. Report for the year ended 30 June 2022 Ststement of Trustee5' Responslbllltle5 ¢r¥stees a responsible for prepartng Tntstee5' Annual Report and the financial statements in accordance w6th applicable law and United King&)m Accounting StaTrdard5 IUn?ted Kingdom Generally Accepted Accounting Practice). Company law requfjres the trustees to prepare financial Statents for each financial year which give a true and fair view of the state of affairs of chatable cpanY and of ir0mlng resources and application of resources, inclL¥ling the income and expenditure of the charitsble cornpany for that period. In preparing these financial statements, the trustees are required to.. al select suitable accountlng polkies and apply consistently" bl observe the methrS and prilpleS in the Charities SORP,. ¢1 make judgments and accr)unting estimates that are reasonable aTrJ prlent.. dl state whether applicable UK accounting standards have trKen foiiowtd. subject to any materfal departures dI(05ed and explained in the financial statements. el prepare the financial statements on going concern basis unless it is Inapproprtate to presume that the charitable compary will continue in operatbx. The Trustees are responsible for keeping proper accounting records that are sufficient to sh)w ar explain the Charity's transactions and di5c105e wth reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statenThts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2( and prowsion5 of the twst deed. TW are also responsible for safeguarding the -assets of the Charity and nce for tsking reasonabte steps for the pre¥entitsn and detectlon of fraud and Other irregularities. This report has been prepared in accordance with the Statement of Recommended Practice. 'Accounting and 'Reporting by Charftits ISORP FRS 1021, and in accordance with the special prowsiorts of se¢tion 419121 of the C(Mnpanie5 Act ZIKfj relating to small entTties The rep)rt was apFffoved by trytee5 on 12th Marth 2023 and Signed on their behalf by: rru5tee 'Name: Kiran Shah
Inthpendent Examiner's Report to the Trustees of One Cause Limlted I rep)rt on financlal statements of the ch411ty for year ended 30 ju 2022 as set our on pages 6 to 14. Re5ponsibilitie5 basls of rewt As the charlty's trustees you are re5Fwsibie for preparatw)n of the accounts In xcordance vAth the qLlIrntntS of the Charfties Act 2011 1.the Act'l. I report in resFect of my examination of the charity's accounts carried out under section 145 of the Act and In carrying out my examinatJn I have followed all tIE applicable DirectK)ns 8iveTh by the Charfty Commission under section 14515llbl of the kt. dependent examlner's statement I have completed my examination. I confirn) that no material matter5 have come to my attention in comectlon wlth examination giving me caLfje trj believe that in any material re¥ect: accounting record5 were not kept in respect of the charity as required ty section 130 of kt" or the accounts th not accord with those records; or the accounts do not corryly with tIE applicable requirements concerning the form and cofitent of accounts set out In the Charities IAccounts and Ren$) RegulatM)n5 2U)8 otr than any requ?rement that the accounts give a 'true and fair view, whlch ts not a matter conSided as part of an indeKxndent examination the accounts have not been prepared in aCCordare with the methods and prirtiple5 of Statement of Recommended Practice for accounting and rep)rting by charities applicable to charities preparing their accounts in accordance with the Financial RertIng Standard appl?cabte in the UK and Republic of IreLand IFRS 1021. I have no concerns and have across Other matters In ¢orbnectK)n twfth the examlnat)n to which attention skjuld be drawn in this report in order to enable a proFer derStandIng of th? accounts to be reached. Shruti Sonj Shrutl Sonl FCCA FaE Shruti Soni Ltd • Chartered Certifled ACCOtants 117a St. John'5 Hill, Se¥enoaks TN13 3PE Date: 14 Math 2023
ONE CAUSE LIMITED Staternent of financial actiYitte5 lincorrL)rating an incune and expendfture account) For the year ded 30 June 2022 Unrestricted Restricted Total Unrestricted Restricted Total Note Income from: )nations and legacies Other tradlng activities Investment5 - Bank interest 43.(lYJ 8.89) 634 5.176 48,185 8.850 634 15.740 1.3CI) 634 15,574 31,314 1,300 634 Total Tncome 52,492 5.176 57.668 17,674 15,574 33,248 Expendtture on: Raislng funds Charitable activities Adv)ncement, irnprovement & provislon of edatron & 9.433 9.433 8.917 ,917 58.321 18,816 77.137 29.883 12.953 42.836 Trtal expendlture 67,754 78,816 86.570 12,953 51.753 Net income I (expendIre) for the year 115.2621 113.6KII 128.¢J021 121,1261 2,621 118,5051 Transfers between funds Net movefflent In funtts {15.2621 113.6401 128.902) 121,1261 Z.621 118.505) Reconciliatlon of fundk: Total fund5 brought forward 148,625 13.641 162.265 169,751 11.019 180,770 Total funds ¢arrled forward 10 133,363 133.363 148,625 13,640 162.265 All of the above results are derived frorn Cfmiinuin8 xtivitaes. There We no other rtCO8Ats&J gains or losses other thffae 5tsted above. Ve[nents in funds are disclosed in Note 10 10 tt* tinaticiai statements.
ONE CAUSE LIMITED Conpany no. C¥A17931 lalance shett As at 30 June 2022 2022 2021 Pknte Current assets: Debtors Cash at bank and in hand 741 133.823 676 16Z.939 134.563 163.615 Llabllltles: Creditors.. arnounts falling V+ithin one year 1,350 Net current assets l (Ilabillties) 133.363 162.265 Total assets less current Ilabilftles 133.363 162,265 Total net assets / (Ilabilitiesl 133.363 162,265 The fund5 of the charity: Restricted Income funds Unrestricted income funds: General funds 10 13,6KI 133.363 148,625 Total nStrted funds 133.363 148.625 Total ch•rity fund5 133.363 162,265 For the year en¢Jlng JO June 2022, company was entftled to exemptK)n frrm aTt under sectlon 477 of the Companles Act 2(Th l4n£ to small compartfies. Trustees. Respon5ibilltles". ' The rnember5 have not required company to obtawTr an aLKlit of its finarKial statements for the year In qLstIon In accordance wlth 5ectiun 476 ' The trustees acknowledge thelr responsibility for complying with the requfremtnts of kt vAth respect tt> ac¢ounting records arml the preparation of fanciti1 statements. These financial statements, whh have been prepared in aCcOrdae with the Sla1 provisions relating to the small companles regime within Part 15 of the Companies Act 2C(*J and In accordance with the Financial ReKK)rtlng Standard applTcable in the UK and Republic of Ireland IFRS 1021 leffectTve 1 January 20191. 12th March 2023 These financial statement5 were approved by the board on ... ... .... ..and slsned by its behalf ty: Trustee Nan Kiran Shah
ONE CAUSE LIMITED l&)t•s to the fimncial statèments For the r ended Xl June 2022 1 Accountins pollcles al Basi5 of preparatlon The financial statements have ten prepared in accordance with Accounting and Reporting by Charitie5: Statement of Recornmend Practice applicable to charities preparing their accounts in accordaKe Mth t1 Financial Reporting Standard applicable in the UK and Republk of Ireland IFRS 1021 leffectrve 1 January 20191- Icharfties SORP FRS 1021. the Financial Reporting Stsndard applicabLe in tIE UK and Republic of Ireland IFRS 10ZI and the Companie5 Act 2006. One Cause Limited is a company Ilmlted by guarantee with registration nnber C6407931 and registered wlth Charlty Commission with registration numbef l 123183. Its registered office a¢Jress 15 50 5èndy Lane SoLrth. Wallingt¢n. Surrey SM6 9RQ. The accounts are presented in GBP rounded to £1. Assets and Ilabillties are initially recognised at historical cost or ttartsa¢tlon value unless othetivise stated in the relevant accounting pjlicy or note. The financial stotements have teen prepared to give a true and fair view and have departed from the Charities I£COuntS and Reports) Regulations 2CQ8 only to the extent required to provide a true and fair view. The departure has involved following Accounting and Re[rtIng by Charities.. Staiemenr of Recommended Practice applicable to charities preparing thelr Kcounts in accordance th the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 rar than the Accounting and Reporting by Charitie5: Statement of Recommended Practice effective from 1 Aprll 21KJ5 vthkh ha5 since been t1rawn. b) Public berlefit entlty The charitable company meets the definiti of a p4&5lic berEfit entity under FRS 102. cl Crt)Ing concern The trustees consider that there are no material uncertainties aLKJUt the charitsble companys ability to continue as a going concern. Kry Sudgements {excllIng tlThe invlowng e5timatesl that the charitable company has made which have a sv4nTficant effect on the accounts include DepreclatTh)n rates for tangible Fixed Assets. tfU5tee5 do not consider that the a any sources of estimation ertaInty at the rep)rting date that have a significant risk of causing a material adjustffent to carrylng alts ol assets and liabili$ wlthln next reporting period. dl Incomè Income Is recogntsed when the charity has entltlement to funds. any performance conditn5 ottached tt> the Irtome have been met. it is probable that the will be reCeTrd and that arrUnt can be measured reliably. Iorne frcm government and other grants. whether 'capital' grants or 'revenue' grants, is recognised the charity has entitlement to tk funds, any performance Conditior attached to the grants have been met. it is probable that Ehe Income will te received aFKI the can be measured reliably and is not deferred. Inco received in atfvance of the Provisi( of a specified setvfjce ts deferred ¢11 crlterfjè for income recognitlon are met. el Interest recelvable Interest on funds held on deposit is in¢1ed receivable and anKJunt can be measured reliably by the charity: this is nomally upon not?ficatMM of the interest paMI or payable by bank.
ONE CAUSE LIMrrED Note5 to the finandal statemènts For the en(kd 30 June 2022 1 Accounting pollcle5 (continued) Fund accountlng Restricted fuFKIs are to te used for 5pecifK purp)5e5 a5 laid ¢ the t)nor. ExpeThIltU vthKh meets these criterts is charged to the fund. Unrestrkted funds are donatlons other IornIng resources received or generated for the Charltable purposes. l)esl8nated funds are unrestricted funds earniarked by the trustees for particular purp)5es. 8) Expendlture Expenditure is recognised once there 15 a Legal or constructive obligatw)n to make a payTht to a third party, it is probable that settlement 11 be required and amount of the obligatwjn can be measured rellably. Expenditure Is cLa5sified under the following actTty IEadings: Costs of raising funds reLate to costs irKurred by the charitable company In Inding third parties to make voluntary contributions to it, a5 well as the cost of any activities with a fundraising purpk)se Expenditure on charitable activities includes the costs of rf0nDanCes and CNal singing xtfvtles undertaken to further the purFose5 of the charity and fjr assoclated support costs Other expendItU Presents those iterns falling into any ottrer heading hl Allocation of support Costs Resources expended are allted to the partKular activity Wre the cost relates directly to that actNity. However, supFM)rt costs, being cost of overall direction and administration of each actfvity, comprislng the overhead costs of the central functh)n. is aPpOrtned on the basis of estimated time and resource5 attributable to each activity. Advancement, improvement & prowfskn of edt & trainlng 11 Debtors Trade and other debtors are recognised at the settlement amount due after any trade dlscount offered. Prepayrnents are vald at the amount pPaid net of any tratle discounts due. Ji Cash at bank and In hand Cash at bank and cash in hand includes cash and sh)rt temi hhlY Iwuid investments with a slyjrt maturity of three months or less from the date of acqui51tiyk or QFening of deposlt or slmllar account. Cash balances exclde any funds held on behalf of Service useFS. kl Credltors arKI pr¢)vlslons Creditor5 and provisions are recognised the charity has a present obl?gation resulting from a past event that wlll probably result in the transfer of lunds tts • third party and the arr)Lmt due to settle the oblig8tlon can be n*asured or estimated rellably. CdItorS and provisic$ are nornially recognised at their settlement amount after allowing for any trade discounts dl. The charlty only has financial a55ets and flnaKial liabilities of a kind that qLkilify a5 basK financial instruments. Baslc flnancial instrurnents are Fnrtially recognised at transaction value and subSeqntlY rreasured at t1r settlement value with the exception of bank loans are subsequently weasured at amorti5ed c05t Using t1 effective ?nterest method.
ONE CAUSE LIMITED Mote5 to the financial statements For the enthd 30 June 2022 1 Accountioq policie51C¢)nt1nd l) Tax The charity 15 an exempt charity Vlithin the meaning of scl*diJle 3 of the Charities A£t 2011 and 15 cOnsided to pa5S the tests Set out In Paragraph 1 Schedule 6 FinarKe Act 2010 and therefore it meets the definltKJn of a charitabte company for UK corp)ration tax PurSe5. 2 Incornè from th>natio and legacie5 2022 Total 2021 Total UnrestrKted ReStrted Donatitins Donation for Uganda Projects Donation for Sponsor a Student Gift Aid 39,534 39,534 14,369 5,450 9,526 1.969 4.809 3.842 3.475 367 43.Q)9 5,176 48.185 31,314 3 Income from other trading activitie5 zozz Total 2021 Total LIAre5trKted Restricted Incorre from Fundraising Events 8.850 8.850 1.300 8,850 8.850 1,3C(I 10
ONE CAUSE LIMITED Notes to the firkinclal statements For the en¢ 30 June 2022 4 Analysis of expenditure Charftable tivity thrarteFrt. Impnwement & provision of edLKatv)n & training S)rt costs Cost of raising fund5 2022 Total Donation to Nlmna Trt Ilndial 105 105 Donatlon to Auro Foundatw)n IUganda} Sponsor a Student Donation to Nirvana Trnst Ilndial Sponsor a Student Donatr)n to Auro Foundation (Ugandal Fundraising Events Accountancy & Independent examTnation Bank charges & Just GIng Fees 9.135 9,135 36.3Q) 36.300 30.000 8.839 8,839 1,174 423 1,174 1,017 594 9,433 75,540 1.597 1,597 11.597 86.570 sUprt costs Total eypendfture 2022 9.433 n.137 86.570 Donations to Nirvana Trust were for purchase of Tablets for schools in India. Donations to Auro Foundation 19,134 were for catering department upgrade and purchase of essential ieaming equipment. Of the total expendlture durlng the year £18.816 was re5tricted12021: £12.9531.
ONE CAUSE UMrrED Motes to the finandal statemènts For the ended 30 June 2022 Anatysls of expenditure Icontlnued) Charitable activity AtharKement, improvement & provision of edatIon & training Supp)rt costs Cost of raising fuThJs 2021 Total Donatk)n to Nirvana Trust Ilndial Donatlon to Auro F¢)ndatn IUgonda} S[x)nr a StL*Jent Donation to NiThana Trust Ilndial Srxjnsor a Student Donat to Auro Foundation (Ugandal Fundraisin8 Events AccoLmtancy & Independent examinatpjn Bank charge5 & Just GiYir8 Fees Sundries 7.a01 27,6n 7,801 Z7.67Z 5.000 8.660 1.698 657 1.698 914 257 8.917 1.473 2.363 2,363 12,3631 51,753 SLtp&i costs Total expenditure 2021 8.917 42.836 51.753 Of the donatlons to N?ryana Trust £2.947 and C4.854 were for roof reIrS and Covid medical equipments respectively for s(015 in India. Of the donatMJns to Auro Foundation £14.691 was for eletricity installation and £12.981 was for hair dressing equ1pnnt and ta?Loring Lygrath for SChIS in Uganda. 12
ONE CAUSE LIMITED Motes to the fiMncial statements For the r ended 30 June 2022 Related party transartlons There a no related party transactions to dlsclose for 2022 (2021: no). There are no donations from related partie5 which a outside the normal course of buslnes5 and Th) restricted th)nations from related parties. Some tru5tee5 th)nate back out of pket exFenxs irKurred. The charity trustees were r¥)t paid or receNed any other tenefits from ernpl0yryTrt th the chhrlty In the year12021: £nill. charity tntee received payment for professional or other seivices supplied to the One tnjstee was relmbursed travelllng eynses of Nfjl12021: Nil) incurred in reLatb)n to t1r dutles as trustees. Tax•tlon The charitable c(¥npany 15 exempt frcrfn CorF#Yati tax as all its incorne Is charltable and is applied for charitable pUTPS. Debtors 2022 2021 Other debtors 741 676 741 676 Credltors: amounts falllng the within one year Z022 2021 Accruals i.zoo 1,350 1.200 1,350 Analysis of net assets between funds General hre5trKted Deslgnated Restricted Total fund5 Net current assets 133.363 133.363 Net assets as at 30 June 2022 133.363 133.363 GerEral unrestrKted Designated Restricted Totsl fund5 Net current assets 148.625 13.640 162.265 Net assets as at 30 June 2021 148.625 13,640 162,265 13
ONE CAUSE LIMITED Notes to the finaffttlal statements For the ar ended 30 June 2022 10 IAovernents In fund5 Incorning Outgoing At 1 July resources & resources & 2021 gains losses At 30 June 2022 Transfer5 Restricted fun(ts: Spx)n50r a Student Glft ald on Sponsor a stnt 11.942 1.698 116.7511 12,0651 367 Totsl restrkted 13,640 5,176 118,8161 Unrestricttd furxls: General fund5 148.625 52.492 167,7541 133.363 Total funds 162,265 57,668 186,5701 133,363 10 IAovements In funds (continued) Incoming Outgoing resource5 & resources & gains losses Transfe At 1 July 2020 At30Ju 2021 Restrirted fundL' Restrfcted thnatfons - Uganda Gift aid on Restrtcted tknnations - India SFX)nsor a Student Gift ald gn Sponsor a Student Total restrirted funds 5,450 598 9,526 {5.4501 {2.5)31 (5.(tt11 7.416 1,698 11.019 11.94Z 1.698 13.640 15,574 112,9531 Unrestricted fund5: General funds 169,751 17,674 I38.8) 148.625 Total funds 180,770 33.248 151,7531 162,265 Purposes of restricted fund5 Restricted donations are used to stx)nsor stw*nts in Ugarth and Indla for edatIOn. 11 Legal status of the charlty The charity is a company lirnited by guarantee and ha5 no share capital. 14