ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 7TH MAY 2024
FOR THE ONE
(Charitable Incorporated Organisation)
CHARITY REGISTRATION No: 1183307
Castle View Accounting Ltd Ground Floor Offices
53 High Street Arundel West Sussex BN18 9AJ
FOR THE ONE
(Charitable Incorporated Organisation)
CONTENTS
| Page 3 | Legal and Administrative Information |
|---|---|
| Pages 4 to 14 | Trustees' Report |
| Page 15 | Statement of Financial Activities |
| Page 16 | Balance Sheet |
| Pages 17 to 23 | Notes to the Financial Statements |
| Page 24 | Independent Examiner's Report |
2
FOR THE ONE
(Charitable Incorporated Organisation)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1183307 DATE OF REGISTRATION 8th May 2019 START OF FINANCIAL YEAR 8th May 2023 END OF FINANCIAL YEAR 7th May 2024 TRUSTEES AT 7TH MAY 2024 Jane McDonald Diana Shaw Peter Waddup Sally Dunn Hannah Spires LEGAL STATUS Charitable Incorporated Organisation GOVERNING INSTRUMENT CIO - Foundation Registered 8th May 2019
OBJECTS
For the public benefit of the public, in accordance with its Christian origins and heritage the relief of those in need by way of financial hardship, unemployment, ill-health, disability and/or poor education or skills attainment by providing or assisting in the provision of education, training, healthcare projects and financial and practical support with the aim of improving the conditions of life of such persons and enabling them to participate in society and be self-sufficient.
CORRESPONDENCE ADDRESS The Old Forge Church Street Polebrook Peterborough PE8 5LF PRIMARY BANKERS NatWest Bank Plc 250 Bishopgate London EC2M 4AA INDEPENDENT EXAMINERS Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
3
FOR THE ONE ForThe One Trustees Annual Report 2023- 2024 ForThe One lJarty Registration No: 1183307
2of11 For The One is a charity, driven by love, that exists to reach the poor, the broken, the oppressed and the forgotten with unconditional love through acts of service. We recognise the injustice of poverty, oppression and war. In response, we seek to meet the most critical needs of the one in front of us. through the provision of medical care, shelter, food relief and education. Working in some of the most extreme war-torn communities brings numerous challenges, however FTO continues to grow. In addition to working directly with impoverished communitie5, FTO has partnered with two organisations SEM. in Ukraine and Way MakerTrust. in South East Asia. Ukraine Kherson is a city in Kherson province of South Eastern Ukraine, located on the Black Sea and the Dnieper River. The city is divided into left and right shores of which both shores were occupied by Russia from March to November 2022. The nine month of occupation left thousands of families crushed in spirit and broken in heart. On the 11 th of November 2022 the Ukrainian forces liberated the right shore, however the left is still under occupation and the Russians continue to shell the city day and night. The locals said that surviving another day is like a lottery, you never know when a rocket will hit you or your house, or when shrapnel from rockets could kill you. In June, 2023, the situation in Kherson worsened when the Kakhovka Dam was destroyed. As a result the entire city and surrounding townslvillages flooded. All of the buildings and the fields of the city were completely covered in water. Those who could not escape in time either drowned or waited on the roofs of their houses to be evacuated by volunteers. For many residents already reeling from the war, the flood destroyed everything they had left. The people of Kherson have had to start from scratch and need everything from shelter, furniture, mattresses, blankets, hygiene items, food and medicine. Our partner on the ground. travelled with a couple and their son from HLJngary, a photographer from western Ukraine and a volunteer from Kyiv region. The trip to Kherson lasted for five days, which included two days of travel to get to the destroyed city. For The One works through local partners and organisations on the ground who not only understand the needs but also those who are well established within the community- SEM are acquainted with the regional and together with local partners know most of the people in need personally. In this instance, the biggest need was for the ForThe One lJwity Registration No: 1183307
2of11 elderly and disabled population. SEM were able to purchase a large number of adult hygiene pads for the elderly and those with severe disabilities in addition to bandages and medicines ranging from creams with antibiotic properties, to medications for multiple chronic illnesses. The citizens of Kherson have suffered many terrible things but through it all they remained strong. However, the flood caused terrible loss, which appeared to be the final straw for many older people or those living with a disability. During the trip, SEM went to a small district of Kherson city, where 18 bedridden people were living. These people were not bedridden before the flood but the mental toll of losing their homes, belongings, family, friends, freedom and safety caused them to suffer tremendous psycholo9ical and physical ill health and in some cases stripped them of their independence and dignity. Once SEM had delivered the humanitarian aid to the charity headquarters, the team of local volunteers sorted out supplies for each person (food, water, cleaning and hygiene products, hygiene pads and medicines) and delivered them to all those in need. Supplies were given to those who were bedridden and a number of residents who had lost their homes to the flood. Alongside humanitarian aid, they were able to receive friendship, love and hope, a key priority for the team. Many people were so very 9rateful for the help and friendship they received. While the team were there, two explosions were heard close-by a5 a result of a Russian drone attack, one of which exploded very close to the headquarters of a local charity. By the time the team got back to the centre. they found rocket debris at the entrance of the build ing. It was a miracle that nobody was hurt or killed. ForThe One lJwity Registration No: 1183307
4of11 The small charity SEM work5 Wlth in Kherson had run out of the adult hygiene pads and medicines due to the demand being so great. Thankfully we were able to deliver 73 bags of hygiene pads. two large boxes of medicine and one additional box of bandages and creams. The charity's director wanted to personally thank the enormous generosity of everyone who helped provide these vital supplies. The locals, couldn't express their gratitude enough for this support, they were crying and smiling at the same time. South East Asla Over the past year, For The One has continued to respond to the physical needs of the poor, war-torn and marginalised the provision of healthcare, food, shelter and education, as well as meeting critical emotional and spiritual needs. Some of the highlights included.. Providing 93 families with food relief packages including rice, oil and eggs. Over Christmas, 2023, we provided 230 people, including many workers from a nearby rubber plantation, with a delicious meal and an opportunity to hear the Christmas story. Walking alongside 21 individuals requiring a range of medical care and hospitsl treatment for a variety of conditions including lupus, cataracts, kidney failure, hydrocephalus, atrial septal defect IASD) and cardiomegaly (enlarged heartl and acute hypertension, chronic back pain, sepsis, ceNical cancer, mental health crisis, ForThe One lJwity Registration No: 1183307
5of11 and a new prosthesis for a traumatic leg amputation. For others we have supported ongoing medication costs that far exceed their ability to afford. Providing 1 familywith 6 fishing nets to promote self sufPiciency. Organising an educational trfp to a small theme park wlth 12 vSllage chlldren, most of whom come from desperately poor, rural, villages with little access to education. Continued to support school fees for 1 child rescued from child slavery in a bottle cleaning factory and educational resources for an additional 50 chlldren to enable them to receive an education. Rebuilt 1 dorm house for 4 boys attending school. Provided 12 chlldren from a rural vSllage wlth bunkbeds. mattresses. mosqulto nets and storage boxes to enable them to attend school during term time. Provided 100 clean delivery kits (CDKS) to pregnant women currently living as refugees in a neighbouring country and internally displaced people still trapped in a war zone inside their own country. CDKS In August we had the privilege of partnering with a local charity established by a close friend, the 'Way Maker Trust, IWMTI, to provide 100 CDKS (Clean Delivery Kits) to pregnant women currently living as refugees and internally displaced people still trapped in a war zone inside their own country. Mar)y women and babies face the risk of sickness, disease, injury and /or death during and after childbirth from preventable causes, most commonly simple infections. Items as simple as a sterile blade for cutting the umbilical cord and a cord clamp literally save lives. The CDKS also include items such as.. gloves, soap, hats. blankets. baby oil, baby powder, and swaddling cloths. Despite the huge logistical, geographical, and situational challenge5 of making and delivering these kits, our partner and her team of volunteers are saving lives and restoring hope to many broken and hurting women. ForThe One lJwity Registration No: 1183307
8of11 Education Eagle pre-school currently have 43 children enrolled in the pre-school from the local community. Many of these families are daily workers and when there is no work available, there is no food on the table that day. Due to poverty and cultural beliefs, there are few opportunities for the children to develop key ski115 through play. The teachers, however, are determined to continue to provide opportunities for the children in their community. During a freak storm in March 2023, the children's play area was completely destroyed. One of our Trustees had not long lost her husband, to cancer. In his memory, a very generous gift was given to For The One which was used to rebuild the play barn with good foundations and invest in new and exciting play equipment for the children. During the cooler season we hired a local sports facility and held the first ever sports day. The children had an fantastic time and it was really encouraging to see so many of them excited about joining in regardless of whether or not they won a race. For The One continues to provides educational resources to the school to enable them to find new and creative ways of learning, however getting out and active is definitely the favou rite. For The One were able to fund one of the teachers on a training course to better understand the requirements of children with special educational needs and how classrooms and teaching methods can be adapted to give these precious children access to an education. Although steps are being taken to improve access to education for children with special educational needs, there are still very few opportunities for these children and no provision in main stream schools. D is a 13-years-old boy who has never been to school. When we met him he couldn't read or write. He was sent to a glass bottle cleaning factory with two of his younger ForThe One lJwity Registration No: 1183307
7of11 brothers to earn money for the family when he was only 8 years old, and his brothers were 6 and 7. They had to live there as it was far from their home. Whilst at the factory they were beaten. abused, staNed and forced to work long hours every Single day with no break. After 5 year5, D managed to escape and somehow found his way home. Some time later, one of D's younger brothers was murdered in tragic circumstances, further exacerbating his trauma. It is common in this part of Asia for families trapped in a cycle of povety to send their young children out to work whilst parents stay at home taking care of infant siblings. Often parents are illiterate themselves and therefore the cycle repeats itself. In order to support the family and ensure they have an alternative to sending their children to work, we took time with the family to come up with some viable small business options that the mother and grandmother could run from the home. As the family live near a river they asked for fishing nets so that they could catch fish and sell them in the market. We were able to purchase 6 new fishin9 nets which are already being Put to good use. Given D's age and because he doesn't have a birth certificate, he is unable to register for school. However, ForThe One was able to organise 2-hours of private tuition with a local teacher 5 days a week. D is finally learning to read and write in both English and his native language. He has been doing exceptionally well and studying hard, even coming home with A s in his work book. At 14-years.old he graduated from kindergarten early, and is now studying grade one and absolutely thriving. He is full of mischief and runs everywhere. The greatest joy is to watch this once broken and traumatised little boy find healing, one day at a time. We are so very proud of him and the way he ha5 faced everything with such courage and determination. Love is slowly unravelling his heart and healing every broken part, piece by piece. Food A5d Due to political crisis, conflict. economic downturn. pre-existing poverty and climate- related shocks communities are struggling to feed their families. After FTO was asked to assist in one particular village we realised the desperate need of this community. Following an in-person assessment we were able to provide all 70 families, approx 350 people, one month's supply of rice, eggs and oil. The families were delighted and so overjoyed at this gift that they wept as the food packages were handed to them. This enabled them to build up a small amount savings to spread out their income out over the coming months. ForThe One lJwity Registration No: 1183307
of 11 Food is very important in Asian culture and serving one another a meal is a great honour for all involved. Christmas was another great event for the whole village to come together to celebrate the message of hope, many for the very first time. Everyone came together to help cook, prepare tables and to serve. It was an opportunity to not only tell each of the 230 villagers they are seen, known and loved, but to show them love in action. After feasting together everyone gathered to hear the Christmas story. There was excitement and wonder in the atmosphere as hundreds of men, women and children fought to get as close to the front as possible, desperate to hear of this Christmas g ift that was avai lable to them. Medical Over the past year we have been able to journey alongside 21 individuals requiring a range of different medical care and hospital treatments for a variety of conditions including lupus, cataracts, kidney failure, hydrocephalus, atrial septal defect IASDI and cardiomegaly {enlarged heartl, chronic back pain, sepsis, cervical cancer, mental health crisis, and a new prosthesis for a traumatic leg amputation. For others we have supported ongoing medication costs that far exceed their ability to afford. Below are just a few of their stories: AM is a 70-year-old gentleman who suffered from a traumatic injury to his left eye leaving him partially blind whilst collecting fruit from trees in the village. He was told by doctors that there was a slight chance his sight could be restored but that they would have to act quickly. The longer he waited, the less chance his sight could be saved. Unfortunately AM lives in povety and when the family couldn't afford the cost of the sur9ery he was sent home. A local pastor with connections to the village contacted u5 to ask for help. AM had emergency surgery on his left eye in August and his sight was fully restored. He is now back at work collecting fruit for his family to sell in the market. NS is a 20 year old who lived in a rural village with her brother, sister-in-law and their 3 children in a small bamboo house. Her parents died many years ago and it tore the family apart. Two years ago NS'S legs began to swell and she found it painful to walk. The family saved what money they could to send her to the hospital. The doctors diagnosed her with rheumatoid arthritis, started her on medication and made a referral to a rheumatology consultant. At this point the family had used up all their savings and there was no money left for further treatment so NS returned home. Over the next year, Ns's symptoms got progressively worse, she dropped out of school and could barely leave ForThe One lJwity Registration No: 1183307
9of11 the house. Her whole body became swollen, from her face down to her toes. Every movement became excruciatingly painful and she was often tired and short of breath. When we met NS, she was acutely unwell and had lost all hope. It wasn't difficult to see the pain she was in. She timidly told u5 her story, the pain, the hopelessne55 and the fear. We asked what her dreams were for the future, at which she let out a nervous laugh and then bowed her head and wept. With some gentle persuasion, she told us she loves animals and wanted to be a vet. We took NS to the hospital where they immediately ordered multiple tests including blood. X-rays and ECG'S and sent her home on medication awaiting test results. Three days later we returned to the hospital where she was diagnosed with Lupus and immediately admitted with an enlarged heart and inflamed kidneys. Lupus is an autoimmune disease with no medical cure but symptoms can be managed to maintain a good quality of life. Following diagn0515 and the start of treatment NS deteriorated significantly as her whole body began to shut down. During this time NS also developed two blood clots in her brain and was later rushed to a neurosurgical hospital for specialist treatment. De5Plte all this, the care she received from the hospital was exceptional and after a month she was allowed home to continue her journey of recovery. We continue to love and support NS through friendship, encouragement, regular hospital visits. and financial provision to cover all medical costs. As NS is now too old to return to school For The One is funding English lessons to provide her with a skill that will open up a variety of job opportunities she wouldn't otherwise have had without completing school. We know this is a long road but we are committed to seeing NS thriving, healthy, and dreaming of an exciting future. NN is a 2-year-old boy born with hydrocephalus, a condition where fluid builds up around the brain and creates incredible pressure in the head. The local hospitals didn't have the facilities, equipment or experience to treat him appropriately and so for a long time he struggled at home a5 his condition slowly deteriorated. Eventually hi5 parents were able to both save and borrow enough money to travel to a larger city where they saw a neurosurgical team. NN successfully had a VP shunt fitted which is a device that allow5 the excess fluid to drain from around the brain into the stomach via a tube. Since then he has been back and forward to the hospital with life threatening bacterial infections and blockages in the shunt. The neurosurgical team were no longer able to manage NN'S condition and sent the family to a tertiary centre in the south of the country. His parents left their two other children at home and made the long. dangerous journey to the city- Treatment continued but after exhausting their own savings and ForThe One lJwity Registration No: 1183307
capacity to borrow from family and friends they were desperate and left with the heartbreaking decision to consider taking NN home without further treatment. It was at this point that a friend of the family heard about For The One and asked us for help. We have been able to provide finances over the past 6 months to cover emergency surgery, intravenous antibiotics and anti-sickness medication plus regular blood and lumber puncture tests, scans and other treatments, to monitor his condition. We hope NN will be well enough to return home soon and begin to thrive with his family. KW is a 20-year-old women with a rare cardiac abnormality called an atrial septal defect IASDI, also known as a hole in the heart. The family are very poor and lacked the funds they needed to seek medical treatment. This meant that her condition went und iagnosed until she was 13 years old at which point she was quite unwell. The family were told she would need urgent surgery to correct the defect but with no money available they went home. Now at 20, KW desperately needed surgery to save her life. Kw's heart and lungs have been over compensating for so long that she now has a range of additional complications including severe hypertension and cardiomegaly, all of which required urgent treatment. Without this surgery KW won't survive. When we met with her in her home she sobbed as she described her whole life as being a constant strugg le, and the battle with loss of hope, disappointment and frustration. As we begin this journey together we pray that KW will not only find physical heali ng but also healing for her heart, restored joy, fresh hope and excitement for the future. As we reflect on the past year, the joys and the challenges, there is a tremendous sense of both achievement and a deep humbling. Every individual we have had the privilege of serving in some capacity is not simply a project we have helped, they are people we love. Every created person holds intrinsic worth. purpose and destiny. Our hope is that as we have responded to the most basic of physical needs such as food, shelter, medicine and education, we have also met an emotional and spiritual need for friendship, hope, healing and restoration. ForThe One lJwity Registration No: 1183307
Rlsk management statement The trustees have overall responsibility for the charity's internal control. Such a system can provide only reasonable and not absolute assurance against errors. A register of the risks faced by the charity is maintained, identifying the major strategic and operational risks faced and how they are being managed. The trustees are satisfied that systems are in place to monitor. manage and mitigate the charity's exposure to major risks. They consider that reviewing internal controls a nd risk will provide the charity with adequate risk assurance in the event of adverse conditions. They also recognise that the nature of some of the charities work requires active acceptance and management of some risks when undertaking activities to achieve the objectives of the charity. ForThe One lJwity Registration No: 1183307
FOR THE ONE TRUSTEES. REPORT {Contlnu•d) FOR THE YEAR ENDED TfH MAY2024 r•qutr¥d trx th411 ccfltswje to (wate. th• CIAfftty (knInIS and ReFotsI R•gkn orKI tr• ofth& D¢rthert are al Ibr Dec23, 2024 8*nWJthr bknVtyTnMI••........................................................................................................................... p•d Hannah Splres 15
FOR THE ONE
(Charitable Incorporated Organisation)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 7TH MAY 2024
| Notes INCOMING RESOURCES Incoming Resources from Generated Funds Donations, Grants & Legacies 3a TOTAL INCOMING RESOURCES RESOURCES EXPENDED Costs of Generating Funds Cost of Charitable Activities 4a Governance Costs 4b TOTAL RESOURCES EXPENDED NET INCOMING (OUTGOING) RESOURCES Funds Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2023/24 2022/23 £ £ £ £ 10,055 3,264 13,319 8,099 10,055 3,264 13,319 8,099 8,890 3,264 12,154 16,270 780 - 780 650 9,670 3,264 12,934 16,920 385 - 385 (8,821) 982 - 982 9,803 1,367 - 1,367 982 |
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 18 to 23 form part of these financial statements.
16
FOR THE ONE BALANCE SHEET AS AT rnl MAY 2024 Totsl Totrl 074thv24 074123 InhJtments Cuh at Bonk In 1147 1147 1147 2.147 1,632 1cuRRENT A8•m Cv•dllorff Illyj mrn Fund• olth• Chwmy ¢J•nw41 Fwd• Total FurA• Dec23. 2024 8n•donthdrbdxVbyTnAle•........................................................................................................................... p•j Hannah Splres 17
FOR THE ONE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 7TH MAY 2024
1. ACCOUNTING POLICIES
Basis of Preparation & Assessment of Going Concern
Basis of Preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts.
Investment Income
This is included in the accounts when receivable.
18
FOR THE ONE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 7TH MAY 2024
1. ACCOUNTING POLICIES (continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
Pensions
Pension contributions are charged to the Statement of Financial Activities as they become payable.
Unrestricted funds
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
Restricted funds
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.
Designated funds
These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.
Fixed Assets
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
Fixtures, Fittings and Equipment
25% - Reducing Balance Basis
2. TANGIBLE FIXED ASSETS
The CIO held no fixed assets during this or the previous financial year.
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 7th May 2024 : None
7th May 2023 : None
19
FOR THE ONE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 7TH MAY 2024
3. INCOMING RESOURCES
| Note a) Donations, Grants & Legacies Gifts & Donations 5 4. RESOURCES EXPENDED a) Cost of Charitable Activities Bank Charges Family Support & Shelter 5 Food Relief Gifts & Donations Insurance Costs 5 Medical Costs Sundry Expenses Travel & Subsistence 5 Volunteers Costs Website Costs ` b) Governance Costs Independent Examiners Fees 9 |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2023/24 2022/23 £ £ £ £ 10,055 3,264 13,319 8,099 10,055 3,264 13,319 8,099 Unrestricted Restricted TOTAL TOTAL Funds Funds 2023/24 2022/23 £ £ £ £ 26 - 26 36 1,711 500 2,211 1,399 1,126 - 1,126 2,046 1,300 - 1,300 1,000 - 578 578 - 3,759 - 3,759 7,112 9 - 9 12 - 2,186 2,186 1,086 569 - 569 428 390 - 390 3,150 8,890 3,264 12,154 16,270 780 - 780 650 780 - 780 650 |
|---|---|
20
FOR THE ONE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 7TH MAY 2024
5. RESTRICTED FUNDS
CURRENT FINANCIAL YEAR
| Education Fund | Balance Balance 08-May-23 Income Expenditure Transfers 07-May-24 £ £ £ £ £ - 3,264 3,264 - - - 3,264 3,264 - - |
|---|---|
PREVIOUS FINANCIAL YEAR
| Shelter Fund Education Fund Ukraine Support Fund Website Development Fund |
Balance Balance 08-May-22 Income Expenditure Transfers 07-May-23 £ £ £ £ £ - 202 202 - - - 257 257 - - - 1,000 1,000 - - - 3,120 3,120 - - - 4,579 4,579 - - |
|---|---|
The restricted funds are wholly represented by the charity's cash reserves and are to be expended as specified above.
21
FOR THE ONE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 7TH MAY 2024
6. INVESTMENTS
The CIO held no fixed asset investments during this or the previous financial year.
7. CASH AT BANK AND IN HAND
| Cash at Bank & in Hand 8. DEBTORS AND PREPAYMENTS Sundry Debtors |
Unrestricted Restricted Total Total Fund Fund 07-May-24 07-May-23 £ £ £ £ 2,147 - 2,147 1,632 2,147 - 2,147 1,632 Unrestricted Restricted Total Total Fund Fund 07-May-24 07-May-23 £ £ £ £ - - - - - - - - |
|---|---|
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiners Fees | Unrestricted Restricted Total Total Fund Fund 07-May-24 07-May-23 £ £ £ £ 780 - 780 650 780 - 780 650 |
|---|---|
10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The CIO held no long term liabilities during this or the previous financial year.
11. NET ASSETS BETWEEN FUNDS
| Fixed Asset Investments Net Current Assets Long Term Liabilities |
Unrestricted Restricted Total Total Funds Funds 07-May-24 07-May-23 £ £ £ £ - - - - 1,367 - 1,367 982 - - - - 1,367 - 1,367 982 |
|---|---|
22
FOR THE ONE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 7TH MAY 2024
12. STAFF COSTS AND NUMBERS
The Charity employed no members of staff during this or the previous financial year.
13. TRUSTEES AND OTHER RELATED PARTIES
No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them (2022/23: None).
14. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
15. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
16. PUBLIC BENEFIT
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.
23
FOR THE ONE
(Charitable Incorporated Organisation)
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
Report to the trustees/ members of For The One on the accounts for the year ended 7th May 2024 set out on pages 16 to 23.
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 145(5)(b) of the Charities Act, and
-
to state whether particular matters have come to my attention
Basis of independent examiner’s statement
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 not 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.
Independent examiner's statement
In connection with my examination no matter has come to my attention:
-
which gives me reasonable cause to believe that in, any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
Date: 13th January 2025
24