ONE CAUSE LIMITED A Company Llmited by Guarantee Charity Registration No. 1123183 Company Registered in England No. 06407931 Report and Unaudited Financial Statements Year ended 30 June 2023 lilli 'ACZVBPD4• 2PJ0312024 COMPANIES HWSE ONE CAUSE LIMITED AEFEREMCE AND ADMINISTPATNE DEr StatU5: Charity RegisrratioTh No.: 1123183 Comwy Lirnited by (￿rantee No.: (W7931 Charitys governing dC£LTh￿t 15 k*rwandum and Artides of S￿all0￿ dated 14 April 2C￿ as amended 13 Lktober 2010. Reglstered ONk•: Wallingic Surrey Trustee5: Rishi Raja Aa5htsh gAhir Nathwwi Pritul Shah Kish￿ Vas￿1 Rafj¢* Shah Kiran Secretary: Prftui Sh Intrndent ex4min¢r: 5hruti kni FCCA FC Shruti SMI Ltd charte￿ Cerrified 117a Si Jthn's Hilt Sevenc4*s TN13 3JD ONE CAUSE LIMITED Trustees. Report for the year ended 30 June 202J trusiees present their re￿￿ aThJ the flnaKlal stataThnis for 30 Z023. Thls 15 a150 a Director5. Rewrt rewired ty 5417 of ihe Companies l£t I￿ aThJ all tru5tses are direaor5. Thls T￿￿tee5 Rekw)tr and as50ClOted FinarKiai Staw￿ts have wepared In accordance with guidarKe lof preparlrvd Charlty AccoL¥)ts Rep)rts pres*)ted In "*tcountlrv4 aThl Rew)rtkng by Charities: Slater￿t of RecorM)ended Practlce" aTrl are therefo￿ In accordance wlth Fin￿al Rewrting Standard arrf)iKable in the UK and Repthilt of IrelaThY leffectfve 1 January 20191- (Chariiies SORP FRS 1021 togeiher ￿th The Convn￿5 kt Z(K)6 and the reouirements of the I•￿0Tand￿M & Article5 of Associatkn￿. Oblectlve5 and Alms The oblertfve of ¢kn Ca￿e Is ttre inwro%tn*rt arwj of ed￿atIon and training of thfjid￿n and adults ln particular but IKFt extlwsNdy try establtshi￿ tsr working in coltsboratk)n with ed￿al￿)nal ir￿ttu[lonS. Or* 15 committed to raisinq awareness fuThJs for the prowstrJn of ed￿311)n and ￿￿pr￿1rent of li¥t5 to ¢lw arothd the world that have little hope of being given the Op￿)rt￿lty to flourish. Ow aim 15 to provth a sociolly* financialty envknThnentally self-5115tainin4 ¢Yx)del $0 that local communiiie5 a￿ ernpmred eqwpped ro a ￿￿)￿ thhanclng and SLt5tainabie future. Achlev•ments aThl Ptrfornw*è Tk year ￿ded JO June 2023 has been a great year ol fufvJratsinB efforts two LOn￿n Maratlx)n events. our major fundraisiw event heid ￿ oCto￿r 2022 April 2023. In total, rnoThaged to rni* £79.9Z7 up 39% from last year and %%* thank (￿r thJTh)r5 for tl*lr Cwliro￿d swwrt a￿1 £ontritXrt*Y￿. Fln•Thd41 A•￿eW Durfng the year Ihe (haritys total wa5 E79,9Z7 IZOZ2: E57,668I. Totsl experKliiute duflng ￿ year a￿￿ted to £46,979 12021.. [86.5701. Tl* ￿t star ¥rn5 U2,948 Ir*t eXp￿￿rtL￿e 1022.. £18.9021. eserves Policy The tharity needs to ha%t reserye5 10 erwbie It io rr*d its charirabie obiigatillns sh)dd the￿ be an ￿e¥￿Cted dOnatIc￿ s￿)rtfalL. extsterKe of unrestricted reserves offer5 tharity fiexibility to pian and fund rnalor projKt5 wlthin its current programmes In Intha ath1 Usa￿. The t￿teeS have agreed Ihat the charity ￿11 have reserves equi¥aleni to twelve montks of incorne (based on the ￿ar ended 30 thJr* 2023 iKome 01 £79,927), which wlll be ￿vieWed annuaity to ensure that sufficient fur*ts are available to meet the chanws obligat￿. Tr [eXTso￿lnq fuThJ5 are Ser asldè for operaiional and progranvne inve5twit. As at JO kn 2023 toiai gewai re5er*s ¥*re £166.311 whKh is well above thts level. Slructwe, Governar*e and Mana4ement The charity is constltuted as a company Lkniied by sywantee aTrl is therfore ¥Th*rned by Its M2rnora￿lLTr Its articles of ass¢rlation. Tr trustees a requiar bas￿ to rnake dects%Jrs ￿￿710T work of the thadty. The board of trustees 15 aLrthorfsed to app)￿t tritstees to fill vKarKie5 an5ini throwh ￿ignati￿) or ¢*ath of an exi5tin8 trustee. St4tement on Publle Benefit In 5hapiry our oblecti¥*s for year plannlng actfvtt*s. tnt5tee5 confirm that have refeTrEd to the gLridarKe contalned In the Chanty Commiss￿.5 ￿￿al guil￿e ￿ pubiK ￿l￿fIl arhj have complied wlth sectlon 4 of the Charities Act 2011 ONE CAUSE LIMITED Trustees. Report for the year ended 30 June 2023 State￿￿￿t off Triistees. RespOn￿bIlItI*S The tr￿le¢S are reS[rf)￿ib1e for p￿phrin9 Tr￿￿. Aru¥01 Rekxjrt arKI fmorKial 5[at￿entS in accordance wlth appllcable law an¢J United Kin4d(hm •£countlng Standards Iunited KIFWM G￿raLlY Accepted ACCO￿17￿8 PractKel. Company law require5 the tW5tees tts prepare linarrial Stat￿lS for each financlal yÈar glvè a true and ftsir￿￿ of the state ol affalrs ol the charitable company ond of the inccffiing re50urce5 and aFplKation of re50urce5. Inc1￿1)ng the ir*ome and ex¢*￿d1ture of the charitotrle for thot rer¥>d. In preporyq ¢tr￿ finorcjal Staten￿t5, rhe tru5iee5 are requlred lo.. al Se1￿ sultable aCC￿LIng p)1*les aTrJ aFyty ilyn bl obserwe the meth>ts aThl prir(iple5 in the Charftie5 SQRP. cl make j￿gr￿t$ and att(xw)tkng Èst¢mates that are reasonable and w￿nI. dl state %*thether awkabie UK accMtllV4 5taThJard5 ha￿ teen foilrhyed, to any material departure5 dlsd05ed and Èxplained in the flnancwl staierreni5,' el yepare the finarKial sratemeThts OTh the 4DWty conceFn basis Lmiess it TS inawrowiate to We$￿ne that thE charitsbie coryany will Conlin￿ in op¢ration. The Trustee5 are rw4#M5ibie lor leepiry proper XCOLrtiry recorts ihat ate to 51¥)w aTr1 expiakn the Char¢ty5 transactions and disc105e ￿th rea50naiae aCt￿ary at any thÈ fi￿ar￿al posrtlon of ChaAty and enèbLe them to ensure that fina￿ ial slate￿￿nts comply ￿th the Charitres kt 2011. Chanty IACCI)Lmts and Reportsl Reillatiors 2￿8 and the provi5iElThS of the trust deed. TW are also rewrfibie for safeguarding a55ets ol the Charlty her*e for tsklng reasonable steps for kveventfon and deieaion of fra￿fj oiher IT￿lIa￿liES. Thls repjrt ha5 been pre￿red ￿ accordèrKe Statw*nt of Re(￿n*￿￿jed Prxtte. '•ril ZL))5 7*thith has Sir￿ been withdra￿. b} Pubhc benefit entFty The chariiable crmpany the ¢Jefinitiw of a wblK benefit entity uth FRS 102. cl r￿n4 concern trustees conyder thèi there a￿ ma*rial Lwrtainties abwl the charitable (￿panIS abllity to Contin￿ as a goi08 concern. Key judgements (excluding those inviowng e5timatesl that the tharitable ccthpany has made have a 5i¥nificant effect on the ￿C￿nts I￿lL*￿e tlepreciation rate5 for taniible F￿ed Assets. The trustees do not coThsider that there are ary 5cwces of e5timatirffi uncertainty at the reporting date that have a slqnificant risk of causing a material adjv5tmeni to the Carry1r￿ arrKwnts of assets and liabilities within the Thext reporting Peri￿1. Income ts recognised the charity has enD"tten￿t io the •Jy perfNM1￿ ¢￿d5t￿M$ attached to the income have been ￿1. it is proboNe u￿r the incw* ￿11 be received and that the amwnt be measuo reliably. Income Irom qovernmeni other grants, T*heiher'wral' grants or'revenL*' 8rants, Is recoqnfjsed when the charity has entiiiement to the fun(ts, perforMa￿e ccffjditions attacw grants have been nEt, il 15 probable that the incr*ne will te ￿￿1ve￿ and the amjnt be measurtd ￿liablY is not ltsfer￿d. recelved In advance of prrNisKm of a ¥￿￿fIed seThice is t*ferred until the criteria for irThr el knterest recelvabie knterest cn fLmd5 held tn depctht 15 Ir￿l￿ vthen recelvable aThJ ￿ amrAmt can be measured reliably by t charTty.' thi5 15 nrnnally noiificaticn of ￿ intere5l paid ￿ ptyable ty the bank. ONE CAUSE LIMITED Motes tg the fln•nciol st4tements Fwthe r ended 30 ￿fte 2023 1 AccovThting pdkles (condnue fl Fund accountlnq Restricted fund5 arè io be 5ptrifk purp05e5 a5 iahj th*vn by Lk¥wx. Exp*)dltu￿ which meets these ulteria 15 charged ro the fund. UDre5trKted funds are thnati￿$ other ￿￿Thg restyxces recelved gewated tharitable purpose5. Designared I￿￿15 are w*restrKW fwd5 e￿n￿ked for partialar PWF4)se5. Expenthture Expenditure 15 reccv4nised ￿ce tl*te is a leyl w cr*btnxtNe obligatiM w Make a payment to a third party. it is probable that seltleTrwt will ￿ required ar41 ￿ amtsJnt of the cijligatits) can be ￿aSure0 reliably. Expenditure is dassified under Idlo￿ni &ti￿ty he*Jrrn￿: Costs of raisin8 funts relate to costs incurred by the charirable Cr￿p￿Y in INd￿ty third parties to make voluntary contri￿ltI￿$ to it. as *ell as the c05t of ary a£tivitie5 Wth a fLmdraisiAg purF4)5e Expendituie ￿ tharitabie XtI￿tieS includes the costs of perfcrmance5 choral singlni èctivties undertaken to further the purrKsses of charity and their a55wiated Costs Other exFenditure represents 1￿m$ not failTng into orher h) AllrKatlon of suppwt cos Resources expended are all￿￿￿ to the pariicular aciiwty vthere the cost relate5 direcuy to thai activity. However. 5UPWrt Costs, being cost ol o¥erall direciion and alminlsiratiw of e¥h ￿tiVity. ccmprising the overhead Costs of Ihe central furKticffi. is app¥tioned basis of esDmaied tirr* and rwice5 atiributabie to eath aciiwty. AdVa￿eMe￿I, irryJrtsvemEnt & Ffftision of ed￿all￿ & rraining l(IlX 11 Debtors Trade and rfher debtry5 are recwntsed ai the settlvY*nt ¥nwit after any ttade di$(￿￿t offered. p￿pay￿￿ts are val￿d at the ammi prepak1 ￿ of w tr* di5cwnts dL*. j) c￿ at bonk and In hand Cash at bank and cash in W1 I￿lL¥le5 cash arKf Short ierm highly liqu5d InvestrrEnts wfith a short maturity of three rnonths or le55 frcffl the date of wrfsition or wing of tt* thp05i¢ ￿ simllar &count. Cash tièlances excl￿ any fw115 held on behalf of seryice users. kl Creditors and provisions credit￿ and provTr5?￿s are recwised the (tiarity has a present (knligaiifm resultlng frLxm a past event thai 11 prtthbly rewlt in t[￿SIer of fund5 to a third party and the Settle the cbli4olion can be rneasured or esiunèted ￿17￿1>1y. Credit1¥5 ￿ provisKffiS are r￿llY reco8nised at theii 5etllement atrwThl after allo*in8 for any tr* disc(Mmts kn. The charity only has linarval asset5 artd finarKial liabilities of a kind that qualify a5 ba5?c fillanciJl Instrurr*nts. Basic fir$ar￿la1 instrurrwits are initially recognised at value subsequefitly rrea5ured at their settlement Val￿ the exceplion of barlk loans which are sthsequently measured al amorlised c05t U51118 the effective interesi methtyj. ONE CAUSE LIMITED Notes to thtr fin4nd•l st•temeTrts F￿ the r ended JO 1023 1 AEcountlThi pollcles Icontlnue 11 Tax The charfiy Is ￿ exerryi charity ￿th1Th ￿ meaniny of sthedule 3 of ￿ Charities 2011 is consldered to pos the tesrs set wt in Paragrw 1 khedule 6 Fin￿ kt 2010 and thertfort it meets definition of a charitable company for UK ccffjporat*Jn tax wrpDses. 2 from aknatlons legades 2023 Total 2022 Total u[￿estrICted Restticted C*)naiiL Donation f¢y 5pwsor a st￿￿ent Gift Aid 55,Bn 55.972 6.055 14,169 39.534 6.055 278 13.891 3,842 69.763 6.333 76,096 4B,185 3 Income from other trwlln8 artivitses zozj Total {h￿tritted Restricted Total InCoW￿ fr¢￿ FLKKlrai5ini Events 2.040 8.850 2.040 8,850 ONE CAUSE LIMITED Notes to the flrwKial st•tem•nts r ¢ndpd JO June 2023 4 An•ty$15 of expendbture Chwitable acti*ty improVen￿t & provision of ed1Kati(￿ & traiThirv4 ￿pport cost5 Cost of raiyng fur#Js 2023 Tot41 Donatk)n to Nirvwa TnAt Ilr*lial D￿at￿l io IAJro Fo￿datI￿ lug￿3> Sponsor è St[Kl￿t DCffiatl￿ to Nirvana Trust Ilndial ¥￿sor a St￿t D￿at￿ to Foundation lugw￿￿) Fundraising Events Acccwtancy & Inde￿￿ent examination Bank charges & J￿t Giwng Fees 18.890 18.890 18.150 18.150 6,581 6,588 1,4Qfj 1.945 1.319 626 7.9J7 37.orfl 2.032 1,032 (2.0321 46,979 9JppoTt costs expendlwr* Z023 7.907 39.072 46.979 Donations to Auro F￿ndarIC￿ £18.890 in 2023 were f¢x purchase of elec¢ric)I tLxAs eqwpment in der ro significantly enharKe the delivery of the br￿k13￿.￿g arhj carpL¥bW cwrse. Of the eX(￿￿￿tUre thring ￿ year £6.333 was ￿trIcted{lO?2.. E18.8161. 10 ONE CAUSE UMITED Ilotes to finaAdal ststements For the r ended 30 June 2023 Anatysls of expend6tsxe (Contknued) ch￿ilable improvemenr & provisim of edLKaticfi & training gJpp¢yt Costs Cost of raising fw*J5 2022 Total Donatim to Nirvana Trtst Ilndiai DonaiioTh to I￿r0 Fwndalicffi lu9￿dI? Sponsor a Sludeni D(mtiui to Nir¥ana TTUSt Ilndial 5tK)nsor a student DonatiLYS to Auro Fwndatiffi lu8￿d3) Fundralsing Events Accounrancy & Irthpendwt examination Bank charges & knt Givwty Fee5 105 9.135 9.135 36.300 30.000 8,639 8.839 1.174 1.174 1.017 594 9.433 1.597 11,5971 86.570 Support Costs 1.597 Toral expenditure 2022 9.433 77.137 86,570 Dry)aiior%s to Nirvana Trust were for purchase of Tab￿ts for schorAs in India. Dw3tlon5 tD Auro Foundatirn £9.134were fcf ca￿ri￿ departrrthi P￿h&se of esseniial iearniry equipment. 11 ONE CAUSE LIMITED Far the ear tndEd 30 June 2023 Related ￿rtY tran5KtSons The chanty received sjtymt￿s of £356 12022: 3561 fr(￿ thvee tr￿lee$ to wiy)r a stthi aThd £300 12022.. nlll frorn two t￿￿tee5 a5 voI(ntary thnations. The ch￿ty trLStees were Th)i paid (* ￿CeiVed ￿Y other benefits frun employment wth the charity in the year12022.. fiill. No charfjty trustee received payTrent fLY professio)al L¥ Other ser¥Kes supplied to the No trustees wtre reirnbu￿ed any tra￿l or other expertses irKwred velatfi(ffj to their duties as trwtees 1202Z- nlEI T•x4ti The charitable company is exempt Ir(*n cworatK¥) as all its is Ch¥i￿lIe 15 aFvlied for charitsbl¢ purposes. 7 Debttys 20Z3 2022 0￿r debrors 1.648 741 1.648 741 Cr*dltor5: aTh￿unts f•lllrva wlthln ye•r 2023 2022 Attruals 1.200 1.200 1.2tKI Analysls d net a¥tts between fund5 General unrestricted De5igThated Restricted Tot41 fund5 Net current assets 166.311 166.311 Net 055ets as at 30 June 2023 166,311 166.311 General unrestricted Designated Restricted Total funds Net curreTht assets 133.363 133,J63 Net assets as at 30 ju￿ 2012 133,)63 133.163 12 ONE CAUSE LIMITED Note5 to the flnandal statements F*¥ the r erthd 30 Jjne 2023 10 Aknments In funds At l JULY res(wces & reswrce5 & 1055e5 Transler5 At 30 June 20ZJ Restricted fund5: Sporw & Sludeni Gifi aKI on Sp￿￿Or a StL*Jent 6.055 278 16,0551 781 Total restrScted furb& 6.333 {6.J331 Lknrestricted fund5". Ge[￿al funth 133.363 n.594 I￿,646) 166.311 Total fund5 133,363 79,917 146.9791 166,311 10 Il￿vements In fund5 Icontlnuedl Inctymin8 ￿tI01Th1 At t July re50wce5 & re5wrce5 2021 8airts & 1055e5 At 30 June 2022 TraThsfer5 Restricted funds.. 5porbsor a Student Gift aid on Sp￿SOr a StL*lent Total restrlrted fund5 11,942 1.698 13.640 116,7511 12,0651 118.8161 367 5,176 Unrestrlcted funds: General lurK15 14.625 52.492 167.7541 133.363 Tot•1 fun4 162,265 57.668 186,5701 133.363 Purp05e5 of re5tr1rted lurK15 Restricred ¢*)nati￿S are used 10 St￿￿ents in Uganda ar¥J kndla for educati￿. 11 L•84l status of the charlty The charfjty Is a tomw limited by guavaft￿e afvj has no Sh￿ capital. 13