## **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| **----- Start of picture text -----**
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
**----- End of picture text -----**
## **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) 2 ## **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** **----- Start of picture text -----**
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
**----- End of picture text -----**
## **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