## ONE MILE CLOSER (1189130) TREASURER’S REPORT 5[th ] APRIL 2022 Jon Winchester 

One Mile Closer’s financial performance has been within expectations for the financial period to 5[th] April 2022.  Our total expenditure and income for the period under review are summarized below. 

**5 April 2022** Total expenditure 0.00 Total income 14075.00 **Operating (Deficit)/Surplus 14075.00** 

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, however such activites may be considered in future. 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). 

Regular fundraising activities were curtailed during the Covid-19 pandemic, however we secured sufficient donations during financial year 21/22 to allow us to continue to support our chosen causes.  Inflows for Y/E 2022 were in line with our expected figure of ~£15000.00.  Due to a delay to initiate our next project, total outflows were £0.00, under the expected figure of ~£4000.00.  The project will begin during the next financial period. 



As a result of the improving situation in relation to Covid-19, we expect to resume typical fundraising activities during the next financial year.  Forecast inflow for financial year 22/23 is ~£10000.00, with expected total expenditure ~£18000.00. 

Further details of the financial activities are shown in the financial statement and balance sheet below. 

## STATEMENT OF FINANCIAL ACTIVITIES 5[th] APRIL 2022 

|**INCOMING RESOURCES**|**£**|
|---|---|
|Fundraising Activities|400.00|
|Donations|13675.00|
||14075.00|
|||
|**EXPENDED RESOURCES**|**£**|
|Fundraising Activities|0.00|
|Charitable Activities|0.00|
||0.00|
|||
|**NET FUNDS**|**£**|
|(Losses)/Gains|14075.00|





## BALANCE SHEET AS AT 5th APRIL 2022 

||**5 April 2021**<br>|**5 April 2022**|
|---|---|---|
||**£**|**£**|
|**CURRENT ASSETS**|||
|Cash and bank balances|1120.00|15195.00|
|**FUNDS**|||
|UNALLOCATED FUNDS|1120.00|15195.00|
||**1120.00**|**15195.00**|





## 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 prov ided 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: 14th January 202 3 

Date: 30th January 2023 

Jon Winchester, Treasurer 

Tim Gauntlett, Chairman 




## **ONE MILE CLOSER - Charity Number 1189130** 

## **Receipts and payments accounts Period 20th April 2021 to 31 March 2022** 

## **Section A Receipts and payments** 

|**Section A Receipts and payments**||||||
|---|---|---|---|---|---|
|**A1 Receipts**|**Unrestricted**<br>**funds**<br>**to the nearest**<br>**£**|**Restricted funds**<br>**to the nearest £**|**Endowment**<br>**funds**<br>**to the nearest £**|**Total funds**<br>**to the nearest £**|**Last year**<br>**to the nearest**<br>**£**|
|Milan - Ljubljana Ride Deposits|**400**<br>**13,675**|**-**<br>**-**|**-**|**400**|**-**|
|Donations|||**-**|**13,675**|**-**|
|**_Sub total_**_(Gross income for AR)_|**14,075**|**-**|**-**|**14,075**|**-**|
|**A2 Asset and investment sales, (see table).**||||||
|n/a|**-**|**-**|**-**|**-**||
|**_Sub total_**<br>**_Total receipts_ **|**-**|**-**|**-**|**-**|**-**|
|||||||
||**14,075**|**-**|**-**|**14,075**|**-**|
|**A3 Payments**||||||
|n/a|**-**|**-**|**-**|**-**|**-**|
|**_Sub total_ **|**-**|**-**|**-**|**-**|**-**|
|||||||
|**A4 Asset and investment purchases, (see**<br>**table)**|**-**<br>**-**|||||
|**n/a**||**-**<br>**-**|**-**|**-**||
||||**-**|**-**||
|**_Sub total_ **|**-**|**-**|**-**|**-**|**-**|
|**_Total payments_ **<br>**_Net of receipts/(payments)_ **<br>**A5 Transfers between funds**<br>**A6 Cash funds last year end**<br>**_Cash funds this year end_ **||||||
||**-**|**-**|**-**|**-**|**-**|
|||||||
||**14,075**|**-**|**-**|**14,075**|**-**|
||**-**<br>**1,120**|**-**|**-**|**-**|**-**|
||||**-**|**1,120**|**-**|
||**15,195**|**-**|**-**|**15,195**|**-**|



OMC RECEIPTS AND PAYMENT ACCOUNTS 21-22 



## **Section B Statement of assets and liabilities at the end of the period** 

|**Categories**<br>Signed by one or two trustees on behalf of all<br>the trustees<br>**B5 Liabilities**<br>**B3 Investment assets**<br>**B2 Other monetary assets**<br>**B4 Assets retained for the charity’s own use**<br>**B1 Cash funds**|**Details**<br>**Details**<br>Main Account<br>Project Account<br>**Details**<br>**Details**<br>**_Total cash funds_**<br>(agree balances with receipts and<br>payments account(s))<br>**Details**<br>Signature|**Unrestricted**<br>**funds**<br>**to nearest £**|**Restricted funds**<br>**to nearest £**|**Endowment**<br>**funds**<br>**to nearest £**|
|---|---|---|---|---|
||||**-**<br>**-**|**-**|
|||**1,120**||**-**|
|||**-**||**-**|
|||**15,195**|**-**|**-**|
|||OK<br>**Unrestricted**<br>**funds**<br>**to nearest £**||OK<br>**Endowment**<br>**funds**<br>**to nearest £**|
|||**-**||**-**|
|||**-**||**-**|
|||**-**||**-**|
|||**-**||**-**|
|||**-**||**-**|
|||**-**||**-**|
|||**Fund to which**<br>**asset belongs**||**Current value**<br>**(optional)**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||**Fund to which**<br>**asset belongs**||**Current value**<br>**(optional)**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||**Fund to which**<br>**liability relates**||**When due**<br>**(optional)**|
||||||
||||||
||||||
||||||
||||||
|||Print|||
|||||Date of<br>approval|
|||||**14/01/2023**|
|||||**21/01/2023**|



OMC RECEIPTS AND PAYMENT ACCOUNTS 21-22