| ONE ACRE UK UMITED | ONE ACRE UK UMITED | ONE ACRE UK UMITED | ||||
|---|---|---|---|---|---|---|
| (A company | limited | by guarantee) | ||||
| REFERENCE AND | ADMINISTRATIVE | DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS | ||||
| FOR THE | YEAR | ENDED | 31 DECEMBER 2022 | |||
| Trustees | Matthew Forti, |
Chair | ||||
| Kanini Mutooni | ||||||
| Saul Sutkover | Mordis | |||||
| Dr Stephen Lonsdale | Wiggins | |||||
| Pools Mall | ||||||
| Sonny Bardham | ||||||
| Suveer Kothari | ||||||
| Company | registered | |||||
| number | 8150121 | |||||
| Charity registered | ||||||
| number | 1153193 | |||||
| Registered | office | Kemp House | ||||
| 152-160City Road | ||||||
| London | ||||||
| EC1V2NX | ||||||
| Independent | auditors | Griffin Stone Moscrop | &Co | |||
| Chartered Accountants |
||||||
| 21-27 Lamb's Conduit | Street | |||||
| London | ||||||
| WC1N 3GS |
| Restricted | Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| Note | 8 | 6 | 8 | ||||
| Income from: | |||||||
| Donations and |
legacies | 3 | 4,396,072 | 100,775 | 4,496,847 | 196,078 | |
| Total income | 4,396,072 | 100,775 | 4,496,847 | 196,078 | |||
| Expenditure on: |
|||||||
| Charitable activities |
5 | 4,396,072 | 71,249 | 4,467,321 | 211,667 | ||
| Total expenditure | 4,398,072 | 71,249 | 4,467,321 | 211,667 | |||
| Net movement | in funds | 29,526 | 29,526 | (15,589) | |||
| Reconciliation | offunds: | ||||||
| Total funds brought | forward | 5,343 | 5,343 | 20,932 | |||
| Net movement | in funds | 29,526 | 29,526 | (15,589) | |||
| Total funds carried forward | 34,869 | 34,869 | 5,343 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | 5 | E | ||||||
| Fixed assets | ||||||||
| Current assets | ||||||||
| Debtors | 10 | 4,325,649 | ||||||
| Cash at bank and in hand | 101,051 | 219,479 | ||||||
| 4,426,700 | 219,479 | |||||||
| Creditors: amounts | falling | due within one | ||||||
| year | 11 | (1,067,396) | (214,136) | |||||
| Net current assets | 3,359,304 | 5,343 | ||||||
| Total assets less current | liabilities | 3,359,304 | 5,343 | |||||
| Creditors: amounts | falling | due BRer more | ||||||
| than one year | 12 | (3,324,435) | ||||||
| Net assets excluding | pension asset | 34,869 | 5,343 | |||||
| Total net assets | 34,869 | 5,343 | ||||||
| Charity funds | ||||||||
| Restricted funds | 14 | |||||||
| Unrestricted funds |
14 | 34,869 | 5,343 | |||||
| Total funds | 34,869 | 5,343 |
| STATEMENT OF CASH FLOWS | STATEMENT OF CASH FLOWS | |||
|---|---|---|---|---|
| FOR THE YEAR ENDED 3'I DECEMBER 2022 | ||||
| 2022 6 |
2021f | |||
| Cash flows from operating | activities | |||
| Net cash used in operating |
activities | (118,428) | 146,214 | |
| Cash flows from investing | activities | |||
| Net cash provided by investing activities |
||||
| Cash flows from financing | activities | |||
| Net cash provided by financing activities |
||||
| Change in cash and cash |
equivalents in |
the year | (118,428) | 146,214 |
| Cash and cash equivalents | at the beginning | ofthe year | 219,479 | 73,265 |
| Cash and cash equivalents | at the end ofthe year | 101,061 | 219,479 |
| Restricted | Unrestricted | Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| 2022 | 2022 | 2022 | 2021 | |||||
| E | E | 5 | E | |||||
| Grants | 4,396,072 | 100,775 | 4,496,847 | 198,078 | ||||
| Total 2021 | 190,000 | 6,078 | 198,078 | |||||
| 4. | Analysis ofgrants | |||||||
| Grants to | Total | Total | ||||||
| Institutions | funds | funds | ||||||
| 2022 | 2022 | 2021 | ||||||
| E | 5 | 8 | ||||||
| Grants | 4,396,072 | 4,396,072 | 190,000 | |||||
| Total 2021 | 190,000 | 190,000 | ||||||
| The Company has made the following | material | grants to institutions | during the | year: | ||||
| 2022 | 2021 | |||||||
| 5 | 8 | |||||||
| Name of institution | ||||||||
| One Acre Fund - Kenya Project | 150,000 | |||||||
| One Acre Fund - Rwanda Project | 90,000 | 90,000 | ||||||
| One Acre Fund - Malawi Project | 100,000 | 100,000 | ||||||
| One Acre Fund - Kenya, Rwanda, | Tanzania | 4,056,072 | ||||||
| 4,396,072 | 190,000 |
| Total | Total | ||
|---|---|---|---|
| Activities | funds | funds | |
| 2022 | 2022 | 2021 | |
| E | E | ||
| Staff costs | 66,415 | 66,415 | 20,713 |
| Bank charges | 677 | 677 | 954 |
| Professional fees | 4,157 | 4,157 | |
| 71,249 | T1,249 | 21,667 | |
| Total 2021 | 21,66T | 21,667 |
| Statement offunds - current ye | ar | |||
|---|---|---|---|---|
| Balance at | ||||
| Balance at 1 | 31 | |||
| January | December | |||
| 2022f | Income 8 |
Expenditure | 2022 | |
| Unrestd1cted funds |
||||
| General Funds | 5,343 | 100,775 | (71,249) | 34,869 |
| Restricted funds | ||||
| One Acre Fund | 4,396,072 | (4,396,072) | ||
| Total offunds | 5,343 | 4,496,847 | (4,467,321) | 34,869 |
| Statement | of | funds - prior year | |||||
|---|---|---|---|---|---|---|---|
| Balance et | |||||||
| Balance at | 31 | ||||||
| 1January | December | ||||||
| 2021f | Income | Expendituref | 2021f | ||||
| Unrestricted | funds | ||||||
| General Funds |
20,932 | 6,078 | (21,667) | 5,343 | |||
| Restricted funds | |||||||
| One Acre | Fund | 190,000 | (190,000) | ||||
| Total offunds | 20,932 | 198,078 | (211,687) | 5,343 | |||
| 15. | Summary | offunds | |||||
| Summary | offunds - current year | ||||||
| Balance at | |||||||
| Balance at 1 | 31 | ||||||
| January | December | ||||||
| 2022 | Income | Expenditure | 2022 | ||||
| E | E | E | E | ||||
| General funds | 5,343 | 100,775 | (71,249) | 34,869 | |||
| Restricted | funds | 4,396,072 | (4,396,072) | ||||
| 5,343 | 4,496,847 | (4,467,321) | 34,869 |
| Summary | offunds - prior year | ||||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at | 31 | ||||
| 1January | December | ||||
| 2021f | Income f |
Expenditure f |
2021f | ||
| General funds | 20,932 | 6,078 | (21,667) | 5,343 | |
| Restricted | funds | 190,000 | (190,000) | ||
| 20,932 | 196,078 | (211,667) | 5,343 |
| Analysis of net assets between funds - current year | |||
|---|---|---|---|
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2022 f |
2022 f |
2022f | |
| Debtors due after more than one year | 3,324,435 | 3,324,435 | |
| Current assets | 975,769 | 126,496 | 1,102,265 |
| Creditors due within one year | (975,769) | (91,627) | (1,067,396) |
| Creditors due in more than one year | (3,324,435) | (3,324,435) | |
| Total | 34,869 | 34,869 | |
| Analysis of net assets between funds - prior year | |||
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2021 f |
2021 f |
2021f | |
| Current assets | 190,000 | 29,479 | 219,479 |
| Creditors due within one year | (190,000) | (24,136) | (214,136) |
| Total | 5,343 | 5,343 |
| ONE ACRE UK | LIMITED |
|---|---|
| (Acompany limited |
by guarantee) |
| 2022 | 2021 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| E | E | ||||||||||
| Net income/expenditure |
for | the | year | (as | per | Statement | of Financial | ||||
| Activities) | 29,526 | (15,589) | |||||||||
| Adjustments for: |
|||||||||||
| Decrease/(increase) | in | debtors | (4,325,649) | ||||||||
| Increase in creditors |
4,177,695 | 181,803 | |||||||||
| Net cash provided | by/(used | in) operating | activities | (118,428) | 148,214 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| E | E | ||||
| Cash in | hand | 101,061 | 219,479 | ||
| Total cash and cash | equivalents | 101,051 | 219,479 | ||
| 19. | Analysis | ofchanges | In net debt |
| At 1 | At 31 | |||||||
|---|---|---|---|---|---|---|---|---|
| January | December | |||||||
| 2022 | Cashflows | 2022 | ||||||
| E | E | E | ||||||
| Cash | at | bank | and | in | hand | 219/79 | (118,428) | 101,051 |
| 219,479 | ('I18,428) | 101,051 |