## ONE MILE CLOSER (1189130) TREASURER’S REPORT 5[th ] APRIL 2021 Jon Winchester
One Mile Closer’s financial performance has been within expectations for the financial period to 5[th] April 2021. Our total expenditure and income for the period under review are summarized below. One period for review is presented due to CIO registration date on 20[th] April 2020.
**5 April 2021** Total expenditure 9200.00 Total income 600.00 **Operating (Deficit)/Surplus (8600.00)**
One Mile Closer is primarily a fundraising vehicle, undertaking periodic fundraising activities on an annual or biennial basis. It has no perpetual income streams, such as recurring monthly contributions or subscriptions. The nature of One Mile Closer’s activities may lead to significant variance between income and expenditure within any financial period.
The proceeds of our fundraising activities are used to support charitable enterprises, primarily that of Nalango Secondary School, Uganda via our delivery partner Henry van Straubenzee Foundation (a registered Charity with the England and Wales Charity Commission).
Our regular fundraising activities have been curtailed during the Covid-19 pandemic, however we have secured ongoing donations allowing us to continue to support our chosen causes where possible. Looking forward, expected inflows for Y/E 2022 are ~£15000.00. Outflows are expected to be approximately £4000.00.
Further details of the financial activities are shown in the financial statement and balance sheet below.
## STATEMENT OF FINANCIAL ACTIVITIES 5[th] APRIL 2021
|**INCOMING RESOURCES**|**£**|
|---|---|
|Fundraising Activities|200.00|
|Donations|400.00|
||600.00|
|||
|**EXPENDED RESOURCES**|**£**|
|Fundraising Activities|1200.00|
|Charitable Activities|8000.00|
||9200.00|
|||
|**NET FUNDS**|**£**|
|(Losses)/Gains|(8600.00)|
## BALANCE SHEET AS AT 5th APRIL 2021
**20 April 2020 5 April 2021 £ £ CURRENT ASSETS** Cash and bank balances 9720.00 1120.00 **FUNDS** UNALLOCATED FUNDS 9720.00 1120.00 **9720.00 1120.00**
## NOTES ON THE FINANCIAL ACTIVITIES
## 1. ACCOUNTING POLICIES
## a) Basis of preparation of accounts
The accounts are prepared in accordance with the requirement of HMRC for accounting periods after April 2009. Charities registered in England and Wales that are not companies are allowed under section 133 of the Charities Act 2011 (‘the Charities Act’) to prepare receipts and payments accounts provided the charity’s gross income is not over £250,000.
## b) Receipts
include all receipts such as donations and fundraising activities.
c) Payments
include all payments such as deposit refunds and project expenditure.
Statement of Assets and Liabilities:
## d) Disclosure
The account is prepared on Cash Basis Accounting.
## 2. STAFF COSTS
One Mile Closer does not have remunerated employees.
## 3. TRUSTEES REMUNERATION AND EXPENSES
No remuneration was paid to trustees. However, expenses incurred in operation of the charity may be reimbursed to trustees on an ad-hoc basis as approved.
Date: 23/01/2022 Date: 23/01/2022
Jon Winchester, Treasurer
Tim Gauntlett, Chairman
## **ONE MILE CLOSER - Charity Number 1189130**
## **Receipts and payments accounts**
## **Period 20th April 2020 to 31 March 2021**
## **Section A Receipts and payments**
|**Section A Receipts and payments**||||||
|---|---|---|---|---|---|
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**200**
**200**
**200**
**600**|**Restricted funds**
**to the nearest £**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**200**
**200**
**200**
**600**|**Last year**
**to the nearest**
**£**|
|Milan - Ljubljana Ride Deposits|**200**|**-**|**-**|**200**|**-**|
|Donation|**200**|**-**|**-**|**200**|**-**|
|Memorial Plaques Donation|**200**|**-**|**-**|**200**|**-**|
|**_Sub total_**_(Gross income for AR)_|**600**|**-**|**-**|**600**|**-**|
|**A2 Asset and investment sales, (see table).**||||||||||
|---|---|---|---|---|---|---|---|---|---|
|n/a|**-**||**-**||**-**||**-**|||
|**_Sub total_**
**_Total receipts_ **|**-**||**-**||**-**||**-**||**-**|
|||||||||||
||**600**||||||||**-**|
|**A3 Payments**||||||||||
|Milan - Ljubljana Deposit Refunds|**1,200**||||||||**-**|
|HvSMF: Laptops & Solar Renewal|**7,355**||||||||**-**|
|HvSMF: Plaques & AncilliaryExpenses|**645**||||||||**-**|
|**_Sub total_ **|**9,200**||||||||**-**|
|||||||||||
|**A4 Asset and investment purchases, (see**
**table)**||||||||||
||**-**|||||||||
||**-**|||||||||
|**_Sub total_ **|**-**||||||||**-**|
|**_Total payments_ **
**_Net of receipts/(payments)_ **
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_ **||||||||||
||||||||||**-**|
|||||||||||
||**- 8,600**||||||**- 8,600**||**-**|
||**-**||||||**-**||**-**|
||**9,720**||||||**9,720**||**-**|
||**1,120**||||||**1,120**||**-**|
## **Section B Statement of assets and liabilities at the end of the period**
|**Categories**
**B2 Other monetary assets**
**B1 Cash funds**
O|Main Account
Project Account
**Details**
**_Total cash funds_**
(agree balances with receipts and
payments account(s))
**Details**
~~MC RECEIPTS AND PAYMENT ACCOU~~|**Unrestricted**
**funds**
**to nearest £**
**1,120**
**-**
**1,120**
OK
**Unrestricted**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
~~TS 20-21~~|**Restricted funds**
**to nearest £**
**-**
**-**
**-**
OK
**Restricted funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|---|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||OK
**Endowment**
**funds**
**to nearest £**|
|||**-**|**-**|**-**|
|||**-**|**-**|**-**|
|||**-**|**-**|**-**|
|||**-**|**-**|**-**|
||~~MC RECEIPTS AND PAYMENT ACCO~~|**-**
~~TS 20-21~~|**-**|**-**|
**----- Start of picture text -----**
- - -
Fund to which Current value
Cost (optional)
Details asset belongs (optional)
B3 Investment assets - -
- -
- -
- -
- -
Fund to which Current value
Cost (optional)
Details asset belongs (optional)
B4 Assets retained for the charity’s own use - -
- -
- -
- -
- -
- -
- -
- -
- -
Fund to which Amount due When due
liability relates (optional) (optional)
Details
B5 Liabilities -
-
-
-
-
Signed by one or two trustees on behalf of all Date of
Signature Print Name
the trustees approval
Jon Winchester 23/01/2022
Tim Gauntlett 23/01/2022
**----- End of picture text -----**
OMC RECEIPTS AND PAYMENT ACCOUNTS 20-21