BE ONE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Charity Registration No. 1147505
BE ONE CONTENTS Page Trustees, Annual Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes lo the Financial Statements
BE ONE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 ST The trustees are pleased lo present their annual report for the year ended 31 st March 2025. The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and 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 published {FRS 102) {effective 1 st January 2019). OBJECTIVES AND ACTIVITIES Be One is a group of people committed to making a dent in global inequality through collective giving. Each individual contributes an affordable monthly donation which, combined, funds a life-changing project for people living in the world's most marginalised communities. Be One runs a 1 OOOA funding model, ensuring that all public donations go directly to our carefully chosen NGO partners for project work. A core network of businesses and individuals generously covers operational costs, enabling us to sustain this transparent and impactful model. Our donors receive monthly updates explaining how their contributions are making a differen. These reports demonstrate how their combined generosity has enabled us to support transformative, sustainable projects worldwide. Public Benefit We have referred to the guidan contained in Ihe Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. ACHIEVEMENTS AND PERFORMANCE During the 2024125 financial year, Be One continued to make a meaningful impact on global povety by funding transformative projects that reached some of the world's mosl marginalised communities. Here's a breakdown of the incredible impact we made this year.. April 2024- Community Empowerment in Malawi Partner: From Wales £4,691 funded workshops for 200 students, inspiring Confiden and ambition. May 2024- Malaria Protection in Uganda Partner: Against Malaria £4,597.16 provided nets to protect 5,000 people from malaria June 2024- Educating Refugees in Uganda Partner: Chance for Childhood £4,599.55 helped 400 displaced children return to education. July 2024- Midwife Training in the DRC Partner: Wonder Foundation £4,687.04 trained 20 nurses to become midwifery leaders.
BE ONE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025 August 2024- School Meals in Malawi Partner: Mary's Meals £4,651.51 delivered 108,225 school meals to children in need. September 2024- Sustainable Farming in Sri Lanka Partner: Sylvia Lake Foundation £4,505.71 supported gardens, training, and education for over 4,500 people. October 2024- EMp0vring Girls in Uganda Partner: EduKid £3,084.73 delivered skills and training to 50 vulnerable girls. November 2024- Clean Water in Mozambique Partner: United Purpose £3,029.68 built toilets and hygiene facilities for 544 people, reaching 1,627 more through hygiene education. December 2024- Healthcare in Angola Partner: Mothers2Mothers £3,186.62 supported 121 families with HIV and maternal healthcare. January 2025- Solar Lights in Malawi Partner: SolarAid £2.920.08 brought clean, safe light to 1,651 rural residents. February 2025- Green Businesses in West Papua Partner: Papua Partners £2,931.59 helped 100 people build sustainable incomes and stability. March 2025- Malaria Nets ILo¢ation TBC) Partner: Against Malaria £3.402.62 protected 3,150 people with 1,750 mosquito nets. Across all 12 months, Be One has funded life-changing projects that benefited 23,923 people, ensuring that every donation made a tangible difference. These achievements are a testament to the power of collective giving, and we are incredibly grateful to our members and partners for making this impact possible. Our Commitment to Partnership and Sustainability Since our founding in 2011, Be Onè has sought out the most efficient and effective NGO partners lo ensure that donations deliver maximum impact. By working with experienced organisations on the ground, we fund sustainable solutions that build resilience in underserved communities. Our supporters have helped provide clean water, health care, education, nutritious meals, mosquito nets, small business loans, solar lights, and more,. directly reaching hundreds of thousands of individuals. As Matt Johnson, Be One's Co-Founder, said.. 'It is easy to feel powertess with so much negativity the news. Through collective giving, we hope that MO people will see the incredible influence a sm811 monthly donation can have in improving the lives of the world's poorest people. Be One is proud to connect a growing community of donors with opportunities to make a lasting difference.
BE ONE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025 We look forward to continuing this journey and expanding the reach of our collective impact. FINANCIAL REVIEW Total income for the year was £54,073 {2024'. £59,321) of which £48,888 {2024.' £50,878), related to funding for projects upon which restrictions are placed. Total expenditure for the year was £54,02412024.' £62,651), leaving a surplus for the year of £49 (2024.. deficit £3,330). At 31st March 2025 the charity's reserves stood at £21,00312024'. £20,954) of which £11,59912024'. £10,998} represented restricted funds RISK MANAGEMENT The main risks to which the Trust is exposed as identified by the Trustees have been considered and systems have been established to mitigate those risks. RESERVES POLICY 11 is the policy of the charity lo maintain unrestricted funds at a level to cover six months, running costs should no further funding be received. As at the end of the financial year the unrestricted funds tolalled £9,404. The charity requires £3,869 for six months, running costs. It is the policy of the Trustees to release additional unrestricted reserves, above the resetves policy, to be invested in the monthly donations to our supported charity partners. STRUCTURE, GOVERNANCE AND MANAGEMENT Be One is a registered charitable trust, number 1147505 registered on 30th May 2012. The governing document is a trust deed adopted on 25th March 2011, this was amended on 8th Dember 2022 to adopt a change of name lo Be One from Be One Percent Foundation. The first trustees are entitled to hold office for life,. the minimum number of trustees is three individuals. Further trustees must be appointed by resolution of the trustees. Trustees hold four meeting each year and a quorum at the meeting is bNO trustees. All trustees give their time voluntarily and receive no remuneration or other benefits for Iheir work as a trustee.
BE ONE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 ST REFERENCE AND ADMINISTRATIVE DETAILS Name Be One Charity Number Address & Office 1147505 Studio K Baltic Creative 44 Simpson Street Liverpool L1 OAX Trustees During the year members of the Board of Trustees were as follows.. S Aboarook Ccox J Ellis R Hetler J Carlyle M Johnson R Kenyon H Laikko (Resigned 71h May 20241 (Appointed 4th March 2025) Independent Examiner Ying Huang FCCA clo LCVS 151 Dale Street, Liverpool, L2 2AH Bankers The Co-operative Bank PLC Newcastle Upton Tyne 84-86 Grey Street Tyne & Wear NE1 6BZ Signed on behalf of the Trustees J Carlyle Trustee Date: 121)Br2¥
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BE ONE I report on the accounts of the charitable trust for the year ended 3191 March 2025 which are set out on pages 6 to 14. Res eclive res onsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 Df the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility lo.. examine the accounts under section 145 of the Charities Act, lo follow the prOdureS laid down in the general Directions given by the Charity Commission {under section 14515)Ib) of Ihe Charities Act, and to state whether particular matters have come to my attention. My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do nol provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view, and the report is limited to those matters set out in the statement below. In connection with my examination, no matter has come to my Inde endent examinels attention= statement {1) which gives me reasonable cause to believe that in any material respect the requirements.. lo keep accounting records in accordance with section 386 of the Companies Act 2008., and accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the statement of Recommended Practice: Accounting and Reporting by Charities have not been met., or {2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Basis of inde endent examiners statemonl Name: Ying Huang Relevant professional qualification or body.. FCCA Address: do LCVS 151 Dale Street, L2 2AH Dated..
BE ONE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 Notes UnTestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Income and endowments from: Donations and legacies 2a 7,185 46,888 54,073 59,321 Total income 7.185 46,888 54,073 59,321 Expenditure Charitable Activities 7,737 46,287 54,024 62,651 Total expenditure 7,737 46,287 54,024 62,651 Net lexpenditure}lincome, net movement in funds {552) 601 49 (3,3301 Total funds brought forward 9,10 9,956 10,998 20,954 24,284 Total funds carried forward 8-10 9,404 11,599 21,003 20,954 The notes on pages 8 to 14 form part ofthese accounts. All the above amounts relate to continuing activities of the charity.
BE ONE BALANCE SHEET AS AT 31ST MARCH 2025 Notes 31st March 2025 31st March 2024 Fixed assets Tangible fixed assets Intangible fixed assets 1,076 1,606 Current assets Debtors Cash at bank and in hand 16,872 7,238 9,441 13,431 24,110 22,872 Current liabilities Creditors.. amounts falling due within one year (4,1831 1985} Net current assets 19,927 19,348 Total assets less current liabilities 21,003 20,954 Funds: Unrestricted funds Restricted funds 9,404 11,599 9,956 10,998 8,10 21,003 20.954 Approved by Trustees on . 121DEfio25 J Carlyle - Trustee
BE ONE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 1. Accounting Policies Basis of accounting The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise slated in the relevant nole{s) lo these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practi.. Accounting and Reporting by Charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 (effective 1 St January 2019) and Charities Act 2011. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The Charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. Going concern At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees have therefore adopted the going concern basis of accounting in preparing the accounts. Fund accounting Unrestricted funds are the charity's free reserves available for the trustees to apply in accordance with the charity's objectives. Restricted funds are subject to specific restrictive conditions imposed by the donor. All restricted funds are accounted for as restricted income and expenditure for the purposes is charged to the fund. Income recognition All income is recognised once the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. Donations and legacies comprise of donations, gift aid and general grants which are recognised in the accounts when received, with the exception of known legacies which are accounted for when their receipt is rtaIn. Tangible Fixed Assets Capital expenditure is stated in the balance sheet at cost less accumul8led depreciation. Depreciation is provided to write off the cost of each asset over its expected useful life. Intangible Fixed Assets Capital expenditure is treated as a fixed asset and amortised to write off each assel over its estimated useful life as follows. Software 330/0 per annum reducing balan basis other A¢cruals and Prepayments These are stated at the amounts becoming due or receivable. Expenditure recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charitable company to that expenditure, il is probable that settlement will be required and the amount of the obligation can be measured reliably.
BE ONE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ST All expenditure is accDunted for on an accruals basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities. Support and governance costs are applied to unrestricted funds unless specifically included in the restrictions, as specified by the donor. Expenditure on charitable activities relate to the operation of the charity comprising of direct charitable expenditure lo meet the objectives of the charitable company including grants and donations given to partners around the world to relieve poverty. Support and governance costs relate to the management and operation of the organisation and also Complian with constilutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Financial Activities when payment has been approved by the charitable company. Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short- term liquid investments with original malurilies of three months or less, and bank overdrafts. Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 1D2 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneoLJsIy. Basic financial a55ets Basic financial assels, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement constilules a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate Df interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial 5iabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assels and liabilities that are not readily apparent from other sources.
BE ONE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 The estimates and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only thal period, or in the period of the revision and future periods where the revision affects both current and future periods. All expenditure is accounted for on an accruals basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities. Support and governance costs are applied to unrestricted funds unless specifically included in the restrictions, as specified by the donor. Cost of charitable activities relate to the operation of the charity comprising of direct charitable expenditure to meet the objectives of the charity. Support and governance costs relate to the management and operation of the organisation and also compliance with constitutional and stalulory requirements in producing the annual report. These are dealt with in the Statement of Financial Activities when payment has been approved by the charity. Taxation Income and gains are exempt from taxation as they are received and applied for charitable purposes only. The charity benefits from various exemptions from taxation afforded by lax legislation and are not liable to corporation tax on income or gains falling within those exemptions. The charity is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT. 2. Income and endowments from Unrestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 a. Donations and legacies Donations Donations Just Giving Donations members, Donations Big Give Gift aid 7,185 7,185 755 33,339 4,783 8,011 8,443 755 41,415 755 33,339 4,783 8,011 8,708 7,185 46,888 54,073 59,321 Income from donations and legacies in 2024 comprised £8,443 for unreslricled funds and £50,878 related to restricted funds 3. Expenditure on charitable activities Direct Support & Charitable Governance Expenditure Costs Totsl 2025 Total 2024 To relieve poverty in developing countries. 46,287 7,737 54,024 62,651 10
BE ONE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 a. An8lysed as follows.. 2025 2024 Direct charitable expenditure.. Grants and donations (see note 3b) 46,287 52,236 46,287 52,236 Support & govemance costs.. Just Giving fees Bank charges and interest Insurance Sundry Book-Keeping Consultancy fees Accountancy Amortisation 215 186 703 223 176 671 108 1,125 4,203 775 530 7,706 740 791 7,737 10,415 Total expenditure on charitable activities 54,024 62,651 £46,287 (2024.. £48,597) of the above expenditure is restricted expenditure b. Grants and Donations 2025 2024 Against Malaria Foundation Carers Worldwide Chance for Childhood EduKid Frank Water From Wales Jacaranda Jenga Jumuiya Irise International Mary's Mea15 Molhers2Molhers PHASE Worldwide Play it forward Papua Partners Limited See Beyond Borders Solar Aid Sylvia Lake Transforming Choices United Purpose WDnder Foundation 8,000 3.786 3,768 4,600 3,084 3,674 4,690 3,788 4,861 3,765 8,736 4,652 3,187 4,878 3,705 2,932 3,756 2,920 4,505 3,743 3,776 3,030 4,687 46,287 52,236
BE ONE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 c. Staff Costs There were no employees during the year ended 31 sl March 202512024.. none) 4. Tangible fixed assets There were no tangible fixed assets as at 31 $1 March 2025 or acquired during the year. 12024.. None). 5. Intangible fixed assets Software Total Cost Balance at 1st April 2024 6,000 6,000 Balance at 31st March 2025 6,000 6,000 Accumulated Amortisation Balance al 1st April 2024 Charge for the year 4,394 530 4,394 530 Balance at 31st March 2025 4,924 4,924 Net Book Value at 318t March 2025 1,076 1,076 Net Book Value al 31st March 2024 1,806 1,606 6. Debtors 2025 2024 Deblors Prepayment other Debtors 16,719 148 8,707 142 16,872 8,854 7. Creditors: amounts falling due within one year 2025 2024 Accruals 4,183 5,623 12
BE ONE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 8. Analysis of net assets between funds Year end 2025 Intangible Fixed Assets Net Current Assets Total Unrestricted Funds General Fund 1,076 8,328 9,404 Restricted Funds Donations members, Gift aid 3,588 8,011 3,588 8,011 11,599 11,599 Totals 1,076 19,927 21,003 Year end 2024 Intangible Fixèd Assets Net Current Assets Totsl Unrestricted Funds General Fund 1,606 8,350 9,956 Restricted Funds Donations members, Gift aid 2,544 8,454 2,544 8,454 10,998 10,998 Totals 1,606 19,348 20,954 9. Unrestricted funds Movements in the Year Income Expenditure Year end 2025 Reserves at Beginning of year Reserves at End of Year General Fund 9,956 7,185 {7,737) 9,404 Movements in the Year Income Expenditure Year end 2024 Reserves at Beginning of year Reserves at End of Year General Fund 15,567 8,443 (14,0541 9,956 General Fund is used to finance the charity's general activities and core costs as outlined in the Trustees. Report. 13
BE ONE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 10.Restricted Fund Movements in the Year Income Expenditure Year end 2025 Reserves at Beginning of year Reserves at End of Year Donations members, Donations Just Giving Donations Big Give Gift aid 2,544 33,339 755 4,783 8,011 (32,2951 17551 14,7831 18,4541 3,588 8,454 8,011 10,998 46,888 {46,287) 11,599 Movements in the Year Income Expenditure Resources at End of Year Year end 2024 Resources at Beginning of year Donation5 members, Donations Just Giving Gift aid 4,467 41,415 755 8,708 143,338) (755) {4,504) 2,544 4,250 8,454 8,717 50,878 148,5971 10,998 These are monies given to the Charity to be spent at the discretion of the Board of Trustees for specific charitable purposes, as follows.. Donations Just Giving These are individuals who donate to charity via Just Giving with the intention that their donations are to be spent on different projects each month Donations members'_ These are individuals who donate a small percentage oftheir income to be spent on different projects each month. Donation Big Give- This is a campaign run through Big Give where individuals donate with the intention that their donations are to be spent on different projects each month Gift aid - Gifl aid received from HMRC for member's donations to be spent on different projects each month 11.Guarantees and Other Finan¢ial Commitments There are no financial commitments under non-cancellable operating leases12024.' £nil). 12.Related Parties, There were no related party transactions during the year. {2024'. none). 13. Contingent Liabilities The charity did not have any contingent liablitIeS as at 3151 March 2025 or 31. March 2024 14