## ONE MILE CLOSER (1189130) TREASURER’S REPORT 5[th ] APRIL 2024 Jon Winchester 

One Mile Closer’s financial performance was broadly within expectations for the financial period to 5[th] April 2024.  Our total expenditure and income for the period under review are summarized below. 

**5 April 2024** Total expenditure 510.00 Total income 3987.00 **Operating (Deficit)/Surplus 3477.00** 

One Mile Closer is primarily a fundraising vehicle, undertaking periodic fundraising activities on an annual or biennial basis.  During the reporting period, it has obtained a small number of recurring monthly contributions.  The nature of One Mile Closer’s activities may lead to significant variance between income and expenditure within any financial period. 

The proceeds of 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).  During the reporting period Henry van Straubenzee Foundation notified us of their intention to cease activity within the coming year. We are assessing our future operating model and objectives in light of this. 

No significant expenditure occurred during FY23/24 due to the balance of ongoing projects taking place in March of the prior FY22/23.  Outgoings were restricted to a small donation of educational support, and upfront costs for the fundraising ride. 

Activity during financial year 23/24 focused primarily upon marketing our next fundraising bicycle ride from Santiago de Compostela to Bilbao in Spain during 



August 2024.  Inflows were primarily through deposits to take part in the event. All additional income arose from donations received. 

Looking ahead, the balance of participation fees for the 2024 ride is due to be received during FY24/25, an expected total income of £10000, along with an additional £800 of forecast donations. 

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

## STATEMENT OF FINANCIAL ACTIVITIES 5[th] APRIL 2024 

|**INCOMING RESOURCES**|**£**|
|---|---|
|Fundraising Activities|3277.00|
|Donations|685.00|
|GiftAid|25.00|
||3987.00|
|||
|**EXPENDED RESOURCES**|**£**|
|Fundraising Activities|310.00|
|Charitable Activities|200.00|
||510.00|
|||
|**NET FUNDS**|**£**|
|(Losses)/Gains|3477.00|





|BALANCE SHEET AS AT 5th|APRIL 2024||
|---|---|---|
||**5 April 2023**<br>|**5 April 2024**|
||**£**|**£**|
|**CURRENT ASSETS**|||
|Cash and bank balances|2399.00|<br>5876.00|
|**FUNDS**|||
|UNALLOCATED FUNDS|2399.00|5876.00|
||**2399.00**|**5876.00**|





## 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 costs of fundraising activities 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: 25/01/2025 Date: 29/01/2025 Jon Winchester, Treasurer Tim Gauntlett, Chairman 




## **ONE MILE CLOSER - Charity Number 1189130 Receipts and payments accounts Period 6th April 2023 to 5th April 2024** 

## **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>**£**|
|Santiago to Bilbao Ride Income|**3,277**<br>**685**<br>**25**|**-**|**-**|**3,277**|**-**|
|Donations||**-**|**-**|**685**|**-**|
|GiftAid||||**25**||
|**_Sub total_**_(Gross income for AR)_|**3,987**|**-**|**-**|**3,987**|**-**|
|**A2 Asset and investment sales, (see table).**||||||
|n/a|**-**|**-**|**-**|**-**|**-**|
|**_Sub total_**<br>**_Total receipts_ **|**-**|**-**|**-**|**-**|**-**|
|||||||
||**3,987**|**-**|**-**|**3,987**|**-**|
|**A3 Payments**<br>HvSMF: Educational Support<br>Administration<br>Santiago - Bilbao Deposit Refund<br>Santiago - Bilbao Accomodation Deposits<br>**_Sub total_ **||||||
||**200**<br>**3**<br>**218**<br>**89**|**-**|**-**|**200**|**-**|
|||**-**|**-**|**3**|**-**|
|||**-**|**-**|**218**|**-**|
|||**-**|**-**|**89**|**-**|
||**510**|**-**|**-**|**510**|**-**|
|||||||
|**A4 Asset and investment purchases, (see**<br>**table)**|**-**<br>**-**|||||
|**n/a**||**-**|**-**|**-**|**-**|
|||**-**|**-**|**-**|**-**|
|**_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_ **||||||
||**510**|**-**|**-**|**510**|**-**|
|||||||
||**3,477**|**-**|**-**|**3,477**|**-**|
||**-**<br>**2,399**|**-**|**-**|**-**|**-**|
||||**-**|**2,399**|**-**|
||**5,876**|**-**|**-**|**5,876**|**-**|



OMC RECEIPTS AND PAYMENT ACCOUNTS 23-24.xlsx 



|**Section B Statement of assets and liabilities a**|**t the end of the period**||||
|---|---|---|---|---|
|**Categories**<br>Signed by one or two trustees on behalf of all<br>the trustees<br>**B1 Cash funds**<br>**B2 Other monetary assets**<br>**B4 Assets retained for the charity’s own use**<br>**B5 Liabilities**<br>**B3 Investment assets**|Signature<br>**_Total cash funds_**<br>(agree balances with receipts and<br>payments account(s))<br>**Details**<br>**Details**<br>Main Account<br>Project Account<br>**Details**<br>**Details**<br>**Details**|**Unrestricted**<br>**funds**<br>**to nearest £**|**Restricted funds**<br>**to nearest £**|**Endowment**<br>**funds**<br>**to nearest £**|
||||**-**<br>**-**|**-**|
|||**5,876**||**-**|
|||**-**||**-**|
|||**5,876**|**-**|**-**|
|||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|
|||||25/01/25|
|||||29/01/2025|



OMC RECEIPTS AND PAYMENT ACCOUNTS 23-24.xlsx