Trustees’ annual report (including Directors’ report) for the period
From: Period start date 1/1/2021
To: Period end date 12/31/2021
Charity name: ONE ACRE UK LIMITED
Charity registration number: 1153193
Company number: 8150121
Objectives and activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | - Prevention or relief of poverty or financial hardship in Africa by providing items and services to individuals or families in need, or other organizations working to prevent or relieve poverty. - The advancement of education and training. - Promotion of sustainable development for the benefit of the chronicallyhungryAfrican farm families. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
-During the financial year 2021, the organization received a grant of £190,000 to be used for hunger relief activities in Rwanda and Malawi through One Acre Fund, a social enterprise working to alleviate hunger and poverty in Africa |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission onpublic benefit |
Para 1.18 | -As trustees of One Acre UK Limited, we confirm that we have adhered to the guidance as issued by the Charity Commission on public benefit. |
Achievements and performance
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | In 2021, One Acre UK continued its efforts to prevent and relieve poverty among Africa’s chronically hungry smallholder farm families. The charity achieved this objective by raising donations from UK individuals and institutions to invest in the programs of One Acre Fund in Africa; which provide high-quality farm inputs and training, among other activities, to improve farmers’ crop yields; which farmers in turn use to reduce hunger and poverty in their households. In 2021, the farmers reached by One Acre UK increased their farm yields and incomes by over 40% compared to farmers not enrolled in the program. Additionally, through its trustees, One Acre UK also provided important strategic advice to management in Africa to improve the effectiveness and efficiency of its programs and broader operations. |
|---|---|---|
Financial review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | During the financial year 2021, the charity recorded income amounting to £ 196,078 mainly from a restricted grant from Four Acre Trust. These funds were restricted for use in Rwanda and Malawi to support program activities of One Acre Fund,closingtheyear with net assets of £ 5,343. |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | N/A |
|---|---|---|
| Amount of reserves held | Para 1.22 | N/A |
| Reasons for holdingzero reserves | Para 1.22 | N/A |
| Details of fund materially in deficit | Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a goingconcern |
Para 1.23 | None |
Structure, governance and management
| Description of charity’s trusts: | ||
|---|---|---|
| Type of governing document: for example, trust deed, memorandum and articles of association etc |
Para 1.25 | Memorandum and Articles of Association |
| How is the charity constituted? for example limited company, unincorporated association,CIO |
Para 1.25 | Charitable company |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | - Through ordinary resolution of the charity. - The trustees may appoint a person who is willing to act as a Trustee |
Reference and administrative details
| Charityname | ONE ACRE UK LIMITED |
|---|---|
| Other name the charityuses | |
| Registered charitynumber | 1153193 |
| Charity’sprincipal address | KempHouse,152 CityRoad,London,England,EC1V 2NX |
Names of the charity trustees who manage the charity
| Trustee name | Office (if any) | Dates acted if not for wholeyear |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|
| Bardhan Sonny | |||
| Forti Matthew | |||
| Kothari Suveer | |||
| Mall Pooja | |||
| Morris, Saul Sutkover | |||
| Mutooni, Kanini | |||
| Wiggins Stephen Lonsdale Dr |
Corporate trustees – names of the directors at the date the report was approved
Director name Bardhan Sonny Forti Matthew Kothari Suveer Mall Pooja Morris, Saul Sutkover Mutooni, Kanini Wiggins Stephen Lonsdale Dr
Declarations
The company has taken advantage of the small companies’ exemption in preparing the report above.
The trustees declare that they have approved the trustees’ report (including directors’ report) above.
Signed on behalf of the charity’s trustees/directors
| Signature(s) | ||
|---|---|---|
| Full name(s) | Matthew Craig Forti | |
| Position (for example Secretary, | Secretary | |
| Chair, etc) | ||
| Date | 12 August 2022 |
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One Acre UK Limited Charity No 1153193
Company No 8150121
Accounts for the period
Period start date To
1/1/2021 Period end date 31/12/2021
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Section A Statement of financial activities (including summary income and expenditure account)
| Guidance Note S01 S02 S03 S04 S05 S06 S07 Expenditure (Note 3) Expenditure on: S08 S09 S10 S11 S12 S13 Tax payable S14 S15 Net gains/(losses) on investments S16 S17 Extraordinary items S18 S19 S20 Other gains/(losses) S21 S22 Reconciliation of funds: S23 S24 Net movement in funds Total funds brought forward Total funds carried forward Total Net income/(expenditure) before tax for the reporting Net income/(expenditure) after tax before investment Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the Total Raising funds Charitable activities Separate material expense item Other Charitable activities Other trading activities Investments Separate material item of income Other Recommended categories by activity Income (Note 2) Income and endowments from: Donations and legacies |
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05 196,078 - - 196,078 1,299 - - - - - - - - - - - - - - - - - - - - - - - - - |
|---|---|
| 196,078 - - 196,078 1,299 |
|
| 20,713 - - 20,713 2,121 190,000 - - 190,000 - 954 - - 954 314 |
|
| 211,667 - - 211,667 2,435 |
|
| 15,589 - - - 15,589 - 1,136 - |
|
| - - - - - |
|
| 15,589 - - - 15,589 - 1,136 - |
|
| - - - - - |
|
| 15,589 - - - 15,589 - 1,136 - |
|
| - - - - - - - - - - - - - - - - - - - - |
|
| 15,589 - - - 15,589 - 1,136 - |
|
| 20,932 - - 20,932 22,068 |
|
| 5,343 - - 5,343 20,932 |
Charity No 1153193 Company No 8150121
One Acre UK Limited
Section B Balance sheet
| Guidance Note Fixed assets Intangible assets B01 Tangible assets B02 Heritage assets B03 Investments B04 Total fixed assets B05 Current assets Stocks B06 Debtors B07 Investments B08 Cash at bank and in hand (Note 4) B09 Total current assets B10 Creditors: amounts falling due within one year (Note 5) B11 Net current assets/(liabilities) B12 Total assets less current liabilities B13 Creditors: amounts falling due after one year B14 Provisions for liabilities B15 Total net assets or liabilities B16 Funds of the Charity Endowment funds B17 Restricted income funds B18 Unrestricted funds B19 Revaluation reserve B20 Fair value reserve B21 Total funds B22 |
Unrestricted funds Restricted income funds Endowment funds Total this period Total last year £ £ £ £ £ F01 F02 F03 F04 F05 - - - - - - - - - - - - - - - - - - - - |
|---|---|
| - - - - - |
|
| - - - - - - - - - - - - - - - 219,479 - - 219,479 73,265 |
|
| 219,479 - - 219,479 73,265 | |
| 214,136 - - 214,136 52,333 | |
| 5,343 - - 5,343 20,932 | |
| 5,343 - - 5,343 20,932 | |
| - - - - - - - - - - |
|
| 5,343 - - 5,343 22,068 |
|
| - - - - - 5,343 - 5,343 20,932 - |
|
| 5,343 - - 5,343 20,932 | |
| - - - - - |
The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
| Signed by one or two trustees/directors on behalf of all the trustees/directors Signature of director authenticating accounts being sent to Companies House |
Date of approval dd/mm/yyyy Date dd/mm/yyyy Print name Print Name Signature |
|---|---|
8/16/2022
CC17a (Excel)
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Section C Notes to the accounts
Nature of Organization
One Acre UK Limited is a charitable company, incorporated in 2012 and is registered with the Registrar of Companies in England/Wales as well as the Charities Commission. The mission of One Acre UK Limited is prevention or relief of poverty or financial hardship in Africa. One Acre UK Limited achieves it's mission by providing items and services to individuals or families in need, or other organizations working to prevent or relieve poverty, as well as provision of education and training.
Note 1: Basis of preparation
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated. The accounts have been prepared in accordance with the Standard of Recommended : Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting The charity constitutes a public benefit entity as defined by FRS 102.
1.2 Going concern
There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern.
1.3 Change of accounting policy The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note 1.1. 1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period.
1.5 Material prior year errors
No material prior year error have been identified in the reporting period.
Note 2: Income
All income amounting to £190,000 for FY 2021 was restricted while £1,299 for FY 2020 was unrestricted.
Note 3: Expediture
Bank charges of £652 were incurred.
Note 4: Cash at bank and in hand
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This year Last year
£ £
Short term cash investments (less than 3 months maturity date) - -
Short term deposits - -
Cash at bank and on hand 219,479 73,265
Other - -
Total 219,479 73,265
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Note 5: Creditors: amounts falling due within one year
| Intercompany-staff costs Total Accrual for grant payable to One Acre Fund |
This year Last year £ £ 190,000 50,000 24,136 2,121 Amounts falling due within one year |
|---|---|
| 214,136 52,121 | |
Note 6: Events after the end of the reporting period
No events have occurred after the end of the reporting period but before
8/16/2022
CC17a (Excel)
3
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the One Acre trustees/directors/ Fund members of Limited
On accounts for the year 31/12/2021 ended
Charity no.: 1153193 Company no.: 8150121
Set out on pages 1-2
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31/12/2021.
As the charity’s trustees of the Company (who are also the directors of the Responsibilities and company for the purposes of company law), you are responsible for the basis of report preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
Independent examiner's I have completed my examination. I confirm that no material matters have statement come to my attention which gives me cause to believe that: • accounting records were not kept in accordance with section 386 of the Companies Act 2006; or • the accounts do not accord with such records; or • the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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; or •the accounts have not been prepared in accordance with the Charities SORP (FRS102).
IER 1 August 2022 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.
| Signed: Name: Relevant professional qualification(s) or body (if any): |
Date: | 15/08/2022 | |||
| Harry Prytherch | |||||
| Institute of Chartered Accountants of Scotland (ICAS) |
Address: Otto-Suhr Allee 26 Charlottenburg, Berlin Germany
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brief details of No matters of concern to report. any items that the examiner wishes to disclose .
August 2022
IER
2