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 2024 IN •ADZ14LFS• 2410312025 COMPANIES HOUSE A10
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ONE CAUSE LIMITED REFERENCE AND ADMINISTRATNE DEfAILS Status: Charity Registration No.: 1123183 Company Limited by Guarantee No.: 06407931 The Charitqs governing document is the Memorandum and Articles of AssociatiLM) dated 14 April 2008 as amended 13 October 2010. Reglstered Office: 50 Sandy Lane South Walllngton Surrey SM6 9RQ Trustees: Rlshl Raja Aashlsh Sudhlr Nathwanl Pritul Shah Ki5han Vasanl Rajen Shah Klran Shah Secretary: Prttul Shah Independent ex•mlner: Shrutl Sonl FCCA FCIE Shruti Sonl Ltd Chartere(I Certified Accountants 117a St John's Hlll Sevenoaks TN13 3JD
ONE CAUSE LIMITED Trustee5' Report for the year ended 30 June 2024 The trustees present their reFPJrt and the linarKlal statements for the year ended 30 June 2024. Thls Is also a Directors, Report requlred by 5417 of the Companies Act 2006 and all trustees are directors. Thls Trustees Report and the associated Financlal Statements have been prepared in accordance with guidance for preparing Charity Accounts and Reports presented in "Accounting and Reporting by Charlties.. Statement ol Recommended Practice" and are therefore In accordance with the Flnancial Reportln8 Standard appllcable In the. UK and Republic ol Ireland lellectlve 1 January 20191- (Charities SORP FRS 1021 iogether with The Companies Act 21J06 and the requlrements of the Mefftjrandum & .Articles' of A5$0ciation. ObJ•ctlves •nd Alms The objective of One Cause is the advancemeni. improvement and provlslon tsf educatlon and trainin8 of chlldren and adults in particular but not exclu51vely by establlshlnq or workln8 In collaboraiion wlth educational Institutlons. One Cause is committed to raislng awareness and funds for the provislon of education and Improvement of live5 to those around the world that have little hope of being given the OPrtUnItY io Ilourish. Ouf aim is to provide a socially. Ilnancially and envlronmetltally self.sustalnln8 model so that local communitles afe empowered and equlpped io pursue a more enhancln8 and SU51ainable future. Achlevements and Performance The year ended 30 June 2024 has been a go'od year of lundralslng efforts where we also held our own or8anlsed muslcal event. In total, we managed'to ralse £109,590 up 37% from last year and we thank our generous donors for thelr contlnued support and contrlbutions. Flnanclal Revlew Durln8 ihe year the Charlty's total income wa5 £109.59012023: £79,927>. Total expendlture during the year amounted to £123,14812023: 146,9791. The net expendlture durln8 the year was £13,558 (net Income 2023: £32,9481. Reserves Poll¢y The charily needs to have sulllcSent reseryes to enable It to meet ils charltable obll8atlons should there be an Lmexpected donatlon 5hDrtlall. The ex55tence of unre5tricieO reserves 3159 oller5 the chariry Ilexlblllty io plan and fund major projecrs. The trustees have a8reed that the charlty wlll have reserves equlvalent to twelve months of Income Ibased on the year ended 30 June 2024 income of £109,590), which will be revlewed annually to ensure that sufflclent funds are available to meet ihe charlty's obllgatlons. Thè refflaininq funds are sel aslde lor operatlonal and pro8ramme Investment. As ai 30 June 2024 total general reserves were £152,753 whlch Is well above th15 level. Structure. Governance •nd Manaiem•nt The charity Is con5tifuted as a company Ilmlted by qvarantee and Is therefore governed by It5 memorandum and Its 4)rtlcle5 of associatlon. The tTu>tees meet on a regular basls to make dec151ons and monltor the work of ihe charlty. The board of trustees Is authorised to appoint new trustee5 to flll new vacancles arlsln8 through the resignatlon or death of an exlsiing trustee. Statemènt on Publlc Beneflt In shapln8 our objectives for the year.and plannlnq Ouf actlvltles, the trustees confirm that they have referred to the guldance contalned in the Charlty Commlsslon's 8eneral guldance on publlc beneflt and have compiled wlth sectlon 4 of the Charltles Act 2011
ONE CAUSE LIMITED Trustees. Report for the year ended 30 June 2024 Statement of Trustees, Responslbilities The irustees Jre responsible for preparin8 the Tru5tees' Annual Repon and the flnanclal statemenis In accordance wlth ppllcable law and United Klngdom Accounting Standards (Uniied Kingdom Generally Accepted Accounting Practlcel. c.ompany law requires the trustees to prepare financial statements for each linanclal year whlch give a true and falr vlew of the slate of affalrs of the charitable company and ol the incomin8 resources and appllcatlon of resource5, including the Income and expenditure of the charltable company for that period. In preparlng these flnanclal statements. the trustee5 are requlred to.. al select sultable accountlng pollcies and apply them conslstentlyi bl observe the methods and princlples in the Charities SORP. I make judgments and accountln8 estimates that are reasonable and prLfvJent; dl state whether appllcable UK accountlnff standards have been lollowed, subject to any materlal departures dlsclosed and explalned in the financlal statements. el prepare the flnancial statements on the qoln8 concern ba515 unless It Is Inapproprlate to pre5urne that charitable company wlll contIn in operation. The Trustees are responslble for keepin8 proper accounting records that are sufflcient to show and explain the Chadty's transactlons and dlklose wlth reasonable accuracy at any tlme the flnanclal position of the Chartty and enable them to ensure that the financial statements comply with the Chaniies Act 2011, the Charity (Accounts and Reports) Regulatlons 2008 and the provlslons of the irusi deed. They are also responsible for safe8uardin8 the assets of the Charlty and hence lor takin8 reawnable steps for the preventlon and detectlon of fraud and oiher irregularl11. Thls report has been prepared In )ccordance wltl the Statement of Recommended Practlce. 'Accountlnq Rep)rtlnB by Charltles ISORP FRS 1021, arn1 In accordance wlth the speclal provlslons of sectlon 419121 of the Companles Act 2006 relatin8 to Smèll entltie5 The report was approved by the trustees on 21st March 2025 and slgned on thelr behall by.. Trustee Name: Kiran Shah
Independent Examlner's Report to the Trustees of One Cause Limited I report on the financial statements of the charlty for the year ended 30 June 2024 a5 Set out on pages 5 to 13. Responslbilities 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 1.the Act'l. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carryin8 out my examinatlon I have lollowed all the appllcable Directions siven by the Charlty Commission under sectlon 145{5llbl of the Act. Independent examlner's statement I have completed my examlnatlon.. I conflrm that no material malters have Cle to my attentlon In CnectIOn th the examlnation 8ivin8 me cause to believe that In any materlal respect: accountlnq records were not kept In respect of the ch4rlty as requlred by sectlon 130 of the Act: or the accounts do not accord with tho* records: or the account5 do not comply wilh the appllcable requlrements concernlnq the form and content of accounts Set out in th'e Charities (Accounts and Reportsl Regulations 2008 other than any requirement that the accounts 8lve 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 wlth the methods and prlnclples of the Slalement of Recommende(J Practice for accounting and reporting by charitie5 applicable to charities preparing their accounts in accardance vAth the Financlal Reportlng Standard applicable in the UK and Republic of Ireland IFRS IW21. I have no concerns and have come across no other matters in connection with the examinatlon to which attention 'sh¢)uld be drawn In thls report In order to enable a proper understandin8 of the accounts to be reached. Shrutl Sonl FCCA FCIE Shruti Soni Ltd • Chartered Certified AccoLmtants 117a St. John's Hlll. Sevenoaks TNI 3 3PE Date.. 21 March 2025
ONE CAUSE LIMITED Statement of f7nandal activities {incorporating an inc¢Jne and expenditure account) For the year ended 30 June 2024 Unrestricted Restrlcted Total Unrestrfcted Restr5cted Total Note Income from.. Donation5 and legacies Other trading actiwties Invesiment5 Bank inrere5t 76,682 26,095 2,979 3,834 80.516 26.095 2,979 69,763 6.333 76.096 1.791 1,791 Total Income 105,756 3,834 109.590 73.594 6.333 79.927 Expendlture on: Raisin8 funds Ch'aritable actlvltles Advancement, improvement & provision of education & 22,075 22,075 7,907 7,907 97,239 3,834 101.073 32,739 6.333 39.oll . Total expendltur¢ 119,314 3,834 123.148 40,646 6,333 46.979 Net Income I lexpendlture) for the year 113,5581 113.558) 32,948 32,948 Net movement In funds 113,5581 {13.558 32,948 32.948 Recon¢lllatl¢n of funds: Total funds brought forward 166,311 166.311 133,363 133, 363 Total funds carrled forward 10 152,753 152,753 166.311 166,311 All of the above rewlts are derlved from contlntsln8 act1lIes. There were no Other recoKnlsed ealns or ltssw other than thosè st)ted above. Movements In lunds are dIscld bn Note 10 to Iht flnanclal staiement5.
ONE CAUSE LIMITED Company no. 06407931 Balancè sheet As at 30 June 2024 2024 2023 Note Current assets: Debtor5 Cash at bank and in hand 10,608 .143,583 1,648 165,863 154,191 167,511 Llabllitles: Creditors: amounts falling due within one year 1,438 1,200 Net current assets I Illabllltles 152,753 166,311 Total assets less current Ilabllltles 152,753 166,311 Total net assets l (Ilabllltles) 152.75J 166,311 The funds of the charlty: Restrlcted Income funds Unrestricted income funds: General funds 10 152.753 166.311 Total unrestricted fund5 152,753 166,311 Total charlty funds 152,753 166,311 For the year endlng 30 June 2024, the company was entitled to exemptlon from audlt under sectlon 477 of the Companies Act 2iJ)6 relating to Small companies. Trustees, Responslbllltles: The members have not required the company to obtain an audit of its financlal statements for the year In question in accordance with'sectlon 476 The trustees acknowled8e their responslbillty for complyin8 With the requlrements of the Act with respect to accountln8 records and the preparation of financial statements. These financlal statements, wh?ch have been prepared In accordance wlth the speclal provisions relatlnq to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Repjrting Standard applicable In the UK and Republic of Ireland IFRS 1021 {effective 1 January 20191. 21st March 2025 These financial Statements were approved by the board on ..--..-...... .and signed by its behalf by: Trustee Name Kiran Shah
ONE CAUSE LIMITED Notes to the financial statements For the eJr ended 30 June 2024 1 Accountlns policles l Dasls of preparatlon The financial statements have been prepared in accordance with Accounting and Reporting by Charities- Statement of Recommended Practice applicable lo charities.preparing their a(CntS in accordance with rhe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective l January 20191- (Charities SORP FRS 1021. the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. One Cause Limlted 15 a company limiled by guarantee wth re8lStration number 06407931 and registered with Charity C¢)rnmission with registration number 1123183. Its registered office address 15 50 Sandy Lane Scwjth, Wallington, rreY SIA6 9RQ. The accounts are presented in GBP rounded to £1: . Assets and liabllltle5 are Initlally recognlsed at hlstorical cost or transaction value unle55 Otherwlse stated In the relevant accounting policy or note. The Ilnancial statements have been prepared to 8lve a 'true and fail vbew and have departed from the Charftles (Accounts and Reports) Regulation5 2008 only to the exlent required to provide a 'true and fair view.. The departure has involved following the Accountin8 and ReportiD8 by Charities: Statement of Recommended Practlce applicable to charftles preparln8 their accounts in accordance with the Financlal Report5ng Siandard applicable in the UK and Republlc of Ireland IFRS 1021'1ssued on 16 July 2014 rather than the Accounting and Reporting by Charftles: Statement of Recommended Practice effective from 1 AprS12IY)5 which has since been withdrawn. b) Publlc beneflt entlty The charitable company meets the deflnltlon of a publlc bentfit entity under FRS 102. c) Go?ng concern The trustees con51der that there are no material uncertainties about the charftable companls ablllty to ¢tIn as 801ng concern. Key judgernents (excluding those Invlovin8 estlmate51 that the charitable company has made which have si8nlflcant effect on the a¢count5 Include Depreclation rate5 for tan8lble Flxed Assets. The trustees do not consider that there are S(yjr of estimati( uncertainty at the reportin8 date that have a 518nlflcant rfsk of causln8 a maierial adjustment to the carry6n8 amounts of a55el5 and Ilabilltle5 wlthln the next reportlnq perfod. dl Incame Income is reco8nlsed when the charity has entltleinent to the funds, any performance cond1t1S attached lo the Income have been mel, it is probable thal the income will be recelved and that the amount can be measured. rellably. Income f rcffi government and other grants, whether 'capltal' grants or 'revenue' grants, Is recoqnlsed when the charity has entitlement to the fun(15, any performance ¢ondilions attached io the grants have been met, it is probable that the income wlll be received and the amount can be measured rellably and Is not deferred. Income received in advance of the provision of a specified SeCe is deferred until the criteria for Income rec¢4nltlon are met. e) Interest receivable Interest on funds held on dep051t 15 included when recelvable and the amount can be measured rellJbly by the charity. this is normally notification of the interest paid or payable by the bank.
ONE CAUSE LIMITED Nr•tes to the financial statements For the ear ended 30 June 2024 1 Accounting pollcles (continued) Fund accounting Restricted funds are to be used for spetlflc purwses as lald down by the donor. Expendlture which meets these criteria is charged to the fund. Unre5tdcted funds are donatlons and other Incomln8 resource5 received or generated for the charltable purposes. Designated funds are unrestricted funds earmarked by the trustees for partlcular purposes. 8) Expendlture Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement wll be required and the amount of the obli8atlon can be measured reliably. Expenditure Is classified under the follown8 activity headings.. Costs 0( raising funds relate to the costs incurre¢l by the charitable company In Induclng thlrd parties to make voluntary contributlons to It, as well as the c05t of any activities wAth a fundraising purpose Expenditure charitable activities include5 the costs of performances and choral sin8lnq actlvtie5 undertaken to further the purposes of the charity èn(1 their a550ciated support COSt5 Other expendllure represents those ilems not fallin8 into any other heading h) Allocatlon of support costs Resources expended are allocated to the partlcular actlvlty where the c05t relates dlrectly to that actlvity. However, support C05t5, bein8 Cost of overall direction and administration of each activity, comprisin8 the overhead costs of the central functi. Is apportioned on the ba51s of esilmated tlme and resources attrfbutable to each activity. Advancement, Improvement & provlsion of education & tralnlni 1CI)% l) Debtors Trade and other debtors are recoqnised at the settlemenl amount due afier any trade discount offered. Prepayment5 are valued at ihe amwnt prepald net of any trade dlscounE5 due. JI Cash at bank and In hand Cash at bank and cash in hand Include5 cash and short lerm hlghly Ilouid Investments th a short maturfty of three months or le55 frwi the dare of. acquisitlon or opening of the deposit or slmllar account. Cash balances exclude any funds held on behalf of service users. kl Credltors and provlslons Creditors and provisions are recognlsed where the charlty has a present obll8allon resultln8 frtyn a past event that will probably result in the transfer of funds to a third parly and the amount éue to settle the obligation can be rneasured or estimated reliably. Creditors and provisions are normally recognised at their settlement ainount after alln8 for any trade dlscounts d. The charity only has financial assets and financlal liabilities of a klnd that qualify a5 baslc financial Instruments. Basic financial Instruments are initially recoqnlsed at transacti value and Subsequently measured at their settlement value with the exception of bank loan5 which are subsequently measured at amortised c05t Using the effective interest methcvJ.
ONE CAUSE LIMITED Notes to the financlal statements For the ear ended 30 June 2024 1 Accountlng pollcles"(c¢ntlnued l) Tax The charlty is an exempt chartty vAthin the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tesfs set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore It meet5 the deflniticfi of a charitable company for UK corporation tsx purposes. 2 Inc¢)me frlxn donatlons and legacles 2024 Total 2023 Total Unrestricted Restricted Donations Donation for Sponsor a Student Gift Ald 66,249, 66,249 3.556 10.711 55,8n 6,055 14.169 3.556 278 10,433 76,682 3,834 80.516 76.096 3 Inc¢)me from other tradln8 aCtlvltl•s LVL4 Total LVLJ Total Unrestricted Restricted Income frorn Fundraisin8 Events 26,095 26,095 Z,040 26,095 26.095 2,040 '
ONE CAUSE LIMITED Notes to the flnancial statements . For the ear ended 30 June 2024 4 Analy51$ of expendlture Charitable activity Advancement, Improvement, & prov6slon of education & training SLpport Costs Cost of ra15ing funds 2024 Total (lonation to Auro Foundatl¢)n (Ugandal Sponsor a Student Donation to Nirvana Trust Ilnd5al Sponsor a Student Donation to Auro Foundation Iugandal Donation to SMV Trust Fundralsing Events Governance Cost C05t5 018enerailn8 voluntary Income Sundry Expenses Accwntancy & Independent examinallon Bank charges & Just Givln8 Fees 38.840 .38.840 18,150 18.150 15,0 25.030 15.000 25,030 20,449 1.244 356 133 20,449 1,244 356 133 1,456 1,450 2,490 1,626 22.075 97.376 3,697 3,697 13,6971 123.148 Support costs ,Tot•l expendlturo 2024 22.075 101,073 123.148 D¢)Tralion5 to thé Auro Foundation amounted to £38.840 in 2024 and were for carpentry and joinery course Upgrad as well as for the constructlon of a secure storale facility to store tools and equipment. Donalion of £25.030 to SMV Trust was towards the construction of CARM Secondary School..Kenya. Of the total expendlture durfn8 the year £3,834 was restrlcted {2023: C6,3331. 10
ONE CAUSE LIMITED Notes to the flnanclal statements For the ear ended 30 June 2024 Analysls of expenditure (Contlnuedl Charitable activity Advancement. improvement & provision of educatlon & trainfjng Support Costs Cost of ralslng funds 2023 Total Donation to Auro Foundatlon Iugandal Sponsor a Student Donation to Nirvana Trust Ilndial Sponsor a Student Oonation to Auro Foundatlon (Ugandal Fundrai5in8 Event5 Accouniancy EL Independent exarninalion Bank char8es & Just Giving Fees 18,890 18,890 18,150 18,150 6,588 6,588 1,406 1.945 1,319 626 7,907 37,040 2.032 2.032 12.0321 46,979 Support Costs Total expenditure 2023 7.907 39.072 46.979 Oonations to Auro Foundation £18,890. In 2023 were for purchase of electrical tcds and equlpment in order to $18niflcantly enhance ihe delivery of the brt¢klJyin8 and carpentry course.
ONE CAUSE LIMITED Notes to the Ilnancial statements For the ear ended 30 June 2024 Related party transactions The charity received.donations of £35612023: £3561 from thr& trustee$12023: 3 trustees) to sponsor a student and £3,495 I2023- £3001 as voluniary donation5. The charity trustees were not paid or received any other benefits from employment with the charity in the year12023: nlll. No Charity trustee received payment for professional or other serrfce5 Supplied to the charfty (2023- nil). One trustee wa5 reimbursed for travel and related expenses incurred in relation to their duties as trustee5 totalling 11,24412023.. nill. This was in relation to the site visit to Kerya for the opening of the CARM Secondary School which One Cause supported. Taxatlon The charitable cornpany is exempt (rom corporation tax as all its Incorne is charltable and Is applied for charltable purposes. Debtors 2024 2023 Other debtors crued income 3,414 7.194 10.608 1,648 Credltors: amounts falllng due wlthln one year 2024 2023 Accruals 1.438 1,ZCrtI 1,438 1,200 Analysls of net assets b•tween funds General unrestricted Designated Restrlcted Total funds Net current assets 1 $2,753 152,753 Net assets as at 30 June 2024 152.753 152.753 General unrestricted Deslgnated Restrfcted Total funds Net current a55ets 166,311 166,311 Net a$5ets a5 at 30 June 2023 166.311 166,311 12
ONE CAUSE LIMITED Notes to the flnancial statements For the ear ended 30 June 2024 10 Movements In funds Incomin8 resources & gains Out8oin8 resources & losses At 1 July 2023 At 30 June 2024 Transfers .Restrlcted funds: Spon50r a Student Glft aid on Sponsor a Student 3,556 278 13,5561 12781 Total restrlcted funds 3,834 {3,8341 Unre5trlcted funds: General fund5 166,311 105,756 1119,3141 152.753 Total funds 166,311 109.590 1123.1481 152,753 10 Movements In funds (¢ontlnued) Incoming re50urce5 & gains ¢)Jt8olnq resources & losses At 1 July 2022 At 30 June 2023 Transfers Restrlrted funds.. Spon50r a Student Glft aid on Sponsor a Student Total restrlct•d funds 6,055 278 16,0551 12781 16,3331 6,333 Unrestrlcted fund5: G•n•ral fund5 133, 363 73,594 140,6461 166,311 Total funds 133, 363 79,927 146,9791 166,311 Purposes of re5trfcted fund$ Restricted donations are used to sponsor student5 in Uganda and Indla for education or if a donor sponsors the funding of a specific project that One Cause is supportin8. 11 Leial statu5 of the charlty The charfty 15 a company limited by quarantee and ha5 no share capital. 13