E-sign ID." 310b0809-b71e423È-8317-b4d13a781838 One Kind Act Trustees, Report and Accounts 31 December 2022
E-Sign ID: 310b0809-b71e-423e-8317-b4d13a781838
Reports and accounts
Contents
| Page | |
|---|---|
| Charity Details | 1 |
| Trustees Report | 2 - 5 |
| Independent Examiner’s Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes Forming Part of the Financial Statement | 9 - 11 |
E-Sign ID: 310b0809-b71e-423e-8317-b4d13a781838
One Kind Act Charity Information
Trustees
Mr Ajay Khindria Ms Mona Bhogal Mr Shamit Malhotra Ms Rita Soni Ms Annu Shah Mr Amit Chohdha
Independent Examiner
Pravin Hirani & Co Chartered Certified Accountants 97 Carlton Avenue East Wembley HA9 8LZ
Bankers
Barclays Bank UK PLC 1 Churchill Place London E14 5HP
Registered Office
3 Ross Close Harrow HA3 6SR
Charity Number
1160116
1
E-Sign ID: 310b0809-b71e-423e-8317-b4d13a781838
One Kind Act
Trustees Report
The trustees present their report and financial statements for the year ended 31 December 2022. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019)".
Objectives and Activities
The prevention or relief of poverty, the relief of sickness and the preservation and protection of good health and the advancement of education for the public benefit anywhere in the world by providing grants, items and services to individuals in need and/or charities or other organisations as the trustees may in their absolute determine.
Strategy for meeting our charitable purpose
Fundraising to enable One Kind Act to provide Grants for selected causes underpins our charitable purpose. The financial objective is defined as part of the planning cycle for the year.
At a principal level, we have defined the following categories of commercial fundraising approaches:
-
Monthly / Annual Donations
-
Sponsors
-
One Kind Act run events
-
Non-One Kind Act run events
-
Profile Lever (including social media)
Structure, Governance and Management
-
Regular trustee and associate meetings held with minutes.
-
Monthly financial reports issued to track performance.
-
Quarterly reports issued on performance trends against key performance indicators.
2
E-Sign ID: 310b0809-b71e-423e-8317-b4d13a781838
One Kind Act
Trustees Report - continued
Developments, Achievements and Performance
During the year we introduced an increased focus on a fewer number of causes to support – those that we felt were driving greatest impact and increased sustainability. We continued to raise our profile, broaden our techniques of fundraising, providing grants and increasing the number of supporters and donors.
We have managed to achieve:
-
1692 supporters
-
32 sponsors
-
57 monthly donors
-
Profile broadening through website, marketing, social media and publicity at fundraising events.
-
16 fundraising events
-
Grants provided to 12 causes in 6 different countries after due diligence undertaken to confirm they adhered to our purpose and grant making policy
Financial Review
Cash reserves at the end of the year are adequate to support the continuation of current activities.
Risk Analysis
The trustees have assessed the major risks to which the charity is exposed to and are satisfied that systems are in place to mitigate exposure to major risks.
3
E-Sign ID: 310b0809-b71e-423e-8317-b4d13a781838
One Kind Act
Trustees Report - continued
Grant making policy
We have a defined structure in awarding grants, the trustees will apply the following principles:
-
Applications from any geographical area within UK and overseas are eligible for consideration.
-
The trustees will consider each application on their own merits and will make decisions of where and how their funds will be allocated.
-
The trustees will make sure that the funds will be applied only if adequate evidence is provided to ensure that amount being applied truly reflects the value of work being carried out.
-
The board of trustees will judge each case for a grant or donation against One Kind Acts objects, as stated in the governing document.
-
The details of each case will be assessed against the benefit to the public.
-
Unless agreed by the Board, One Kind Act will not normally support applications from large national charities i.e., those with an annual income in excess of £10 million or with £100+ million assets or charities dedicated to issues deemed by the trustees to be already well funded within the UK.
-
One Kind Act will willingly work in partnership with other organisations to fund initiatives beyond the financial scope of a single consideration.
-
The grant/donation size can vary accordingly to the project and the level of need.
-
One Kind Act work towards making sure that any benefit is balanced against any detriment or harm by trying to make sure that we look into making sure that One Kind Act is not causing any damage to the environmental, physical or mental health or encouraging hatred towards others.
4
E-Sign ID: 310b0809-b71e-423e-8317-b4d13a781838
One Kind Act
Trustees Report - continued
Going Concern
The accounts have been prepared on the basis of being a going concern. The trustees confirm that they have taken into account all available information about the future for at least 12 months from the date the accounts were approved and conclude there is no uncertainty relating to going concern.
Statement of Trustees’ responsibilities
The trustees of One Kind Act are responsible for preparing the Trustees Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including "The Financial Reporting Standard 102 applicable in the UK and Republic of Ireland"
The law applicable to charities in England and Wales, The Charities Act 201 1, Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for the period.
In preparing these financial statements, they are required to:
-
select suitable accounting policies and then apply them consistently.
-
observe the methods and principles in the Charities SORP;
-
state whether applicable accounting standards have been followed subject to any material departure disclosed and explained in the Financial Statements.
-
make judgements and estimates that are reasonable and prudent: and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustee’s report was approved by the Board of Trustees on 29[th] September 2023.
Signed on behalf of the Trustees:
A Khindria 30/09/2023 07:15:23 Ajay Khindria
Mr Ajay Khindria
(Trustee)
5
E-Sign ID: 310b0809-b71e-423e-8317-b4d13a781838
One Kind Act
Independent Examiner’s Report to the trustees of One Kind Act
I report on the accounts of the Trust for the year ended 31st December 2022 which are set out on pages 7 to 11.
Respective responsibilities 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 of the Charities Act 2011(the Charities Act} and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act;
-
to follow the procedures laid down in the general directions given by the Charity Commission under section 14-5(5)(b) of the Charities Act; and
-
to state whether particular matters have come to my attention.
Basis of Independent Examination's Statement
My examination was carried out in accordance with the 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 you as trustees concerning any such matters.
Independent Examiner’s Statement
In connection with our examination, no matter has come to my attention:
-
which gives reasonable cause to believe that in, any material respect, the requirements
-
(a) to keep accounting records in accordance with section 130 of the Charities Act; and
-
(b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act 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.
P Patel 02/10/2023 11:55:19
Pravin S. Patel, JP, FCCA
Pravin Hirani & Co Chartered Certified Accountants 97 Carlton Avenue East Wembley HA9 8LZ 29[th] September 2023
6
E-Sign ID: 310b0809-b71e-423e-8317-b4d13a781838
One Kind Act Statement of Financial Activities For the period ended 31 December 2022
| Notes Income Resources Donations Gift Aid Refunds Bank Interest Other Income 2 Total Income Resources expended Grants given 3 Operational expenses 4 Events related expenses Total Resources Expended Net Incoming Resources Net Movement in Funds Funds balance brought forward as at 01 January 2022 Funds balance carried forward as at 31 December 2022 |
Unrestricted funds Designated funds All funds 2022 2022 2022 £ £ £ 462,707 - 462,707 14,940 - 14,940 4 - 4 18 - 18 |
|---|---|
| 477,669 - 477,669 |
|
| 333,848 - 333,848 13,481 - 13,481 21,259 - 21,259 |
|
| 368,588 - 368,588 |
|
| 109,081 - 109,081 72,850 - 72,850 |
|
| 181,931 - 181,931 |
The notes on pages 9 to 11 form part of these accounts
7
E-Sign ID: 310b0809-b71e-423e-8317-b4d13a781838
One Kind Act Balance Sheet As at 31 December 2022
| Notes Current Assets Cash at bank and in hand Prepayments 5 Net current assets/(liabilities) Net assets Represented by: Unrestricted funds 6 |
2022 £ 162,231 19,700 |
|---|---|
| 181,931 | |
| 181,931 | |
| 181,931 | |
| 181,931 |
Approved by the Board of Trustees on 29[th] September 2023 and signed on its behalf by
A Khindria 30/09/2023 07:15:23 Ajay Khindria Ajay Khindria (Trustee)
The notes on pages 9 to 11 form part of these accounts
8
E-Sign ID: 310b0809-b71e-423e-8317-b4d13a781838
One Kind Act Notes to the Accounts for year ended 31 December 2022
1. Accounting policies
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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 (FRS 102) (effective 1 January 2015)‘, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of lreland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Taxation
The charity is exempt from tax on its charitable activities.
Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
Income and expenditure account
The Statement of Financial Activities discloses the identical information of the Income and Expenditure Account and as such no separate Income and Expenditure Account has been prepared.
Going Concern
The accounts have been prepared on the basis of being a going concern as outlined in the “Trustees ” Report .
Creditors
Short term creditors are measured at the transaction price
9
E-Sign ID: 310b0809-b71e-423e-8317-b4d13a781838
One Kind Act Notes to the Accounts for year ended 31 December 2022
2. Other Income
| Bank Loyalty Reward | 2022 £ 18 |
|---|---|
| 18 |
3. Grants Given
| Yuva Unstoppable SWAT Hope Kitchen Global Foundation for International Cardiac and Community Services Able India Puranuva Trust Organising Food For London Home Leone Your One Wish Rosie May Foundation Light In Africa Made With Hope . Operational Expenses Insurance Transaction fees Bank charges Computing and software costs Other operational costs |
2022 £ 222,720 22,651 22,000 18,695 17,000 11,034 7,000 4,750 4,745 2,000 1,000 253 |
|---|---|
| 333,848 | |
| 2022 £ 940 3,054 288 8,300 899 |
|
| 13,481 |
4. Operational Expenses
5. Prepayments
| Expenses for events | 2022 £ 19,700 |
|---|---|
| 19,700 |
10
E-Sign ID: 310b0809-b71e-423e-8317-b4d13a781838
6. Statement of funds
| . Statement of funds | |
|---|---|
| Unrestricted fund of the Charity Restricted fund of the Charity |
2022 £ 181,931 - |
| 181,931 |
7. Trustees’ remuneration and benefits
The trustees received no remuneration or other benefits during the period ended 31 December 2022
Trustees’ expenses
The trustees have claimed no expenses during the period ended 31 December 2022
8. Ultimate Controlling Party
The trustees consider that the charity is jointly controlled by the trustees and there is no ultimate controlling party
11
This Document has been Signed with a secure electronic signature via E-Sign.
Envelope Details
| Title | One Kind Act Accounts 31.12.2022 |
|---|---|
| Author | Pravin Patel (info@pravinhirani.co.uk) |
| Envelope Created on | Fri, 29 Sep 2023 15:03:22 |
| Envelope ID | 310b0809-b71e-423e-8317-b4d13a781838 |
Document Details
| Title | One Kind Act Accounts 31.12.2022 |
|---|---|
| Digital Fingerprint | 091532f0-65fb-44ec-9654-1f580e8335db |
Document Signers Scan/Click the QR Code to view signature information
| Name | Ajay Khindria |
|---|---|
| ajay_khindria@hotmail.com | |
| Status | SIGNEDat Sat, 30 Sep 2023 07:15:23 BST(+0100) |
| Signature Fingerprint | 33e7106c-1dc0-4ea3-aa34-f40734d9ebf2 |
| Name | Pravin Patel |
|---|---|
| info@pravinhirani.co.uk | |
| Status | SIGNEDat Mon, 02 Oct 2023 11:55:19 BST(+0100) |
| Signature Fingerprint | 4c9461a1-e79f-44fa-a863-fb71d6fa725d |
Document History
| Mon, 02 Oct 2023 11:55:20 | Pravin PatelSigned the Document (IP: 86.27.164.180) |
|---|---|
| Sat, 30 Sep 2023 07:15:24 | Ajay KhindriaSigned the Document (IP: 80.6.113.173) |