## ONE MILE CLOSER (1189130) TREASURER’S REPORT 5[th ] APRIL 2025 Jon Winchester
One Mile Closer’s financial performance was within expectations for the financial period to 5[th] April 2025. Our total expenditure and income for the period under review are summarized below.
**5 April 2025** Total expenditure 15938.00 Total income 10562.00 **Operating (Deficit)/Surplus (5376.00)**
One Mile Closer is primarily a fundraising vehicle, undertaking periodic fundraising activities on an annual or biennial basis. During the reporting period, it has received a small number of recurring monthly contributions, and attracted additional one-off donations in support of our fundraising activity. 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. The fundraising target for the FY24/25 year was to generate approximately £10000 needed to fund replacement of the kitchen at Nalango.
Fundraising activities once again took the form of a long distance bicycle ride. The balance of trip fees outstanding were collected during financial year 24/25 leading to inflows of approximately £8500. All additional income arose from donations received and GiftAid received in relation to those donations from eligible parties. The target amount was achieved, with full proceeds transferred to the project to build a new kitchen at Nalango. Works began in late 2024 with completion expected by mid-2025.
Looking ahead, One Mile Closer will conduct a review of it ’ s operating strategy, fundraising structure and beneficiary profile during FY25/26. We expect lower receipts & payments as a result.
Further details of the financial activities are shown in the financial statement and balance sheet below.
## STATEMENT OF FINANCIAL ACTIVITIES 5[th] APRIL 2025
||**INCOMING RESOURCES**|**£**|
|---|---|---|
||Fundraising Activities|8474.00|
||Donations|1921.00|
||GiftAid|168.00|
|||10562.00|
||||
||**EXPENDED RESOURCES**|**£**|
||Fundraising Activities|5156.00|
||Charitable Activities|10781.00|
|||15938.00|
||||
||**NET FUNDS**|**£**|
||(Losses)/Gains|(5376.00)|
|BALANCE SHEET AS AT 5th APRIL 2024|||
||**5 April 2024**
|**5 April 2025**|
|---|---|---|
||**£**|**£**|
|**CURRENT ASSETS**|||
|Cash and bank balances|5876.00|
500.00|
|**FUNDS**|||
|UNALLOCATED FUNDS|5876.00|500.00|
||**5876.00**|**500.00**|
## 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: 25/01/2026 Date: 29/01/2026 Jon Winchester, Treasurer Tim Gauntlett, Chairman
## **ONE MILE CLOSER - Charity Number 1189130 Receipts and payments accounts Period 6th April 2024 to 5th April 2025**
## **Section A Receipts and payments**
|**Section A Receipts and payments**||||||
|---|---|---|---|---|---|
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**|**Restricted funds**
**to the nearest £**|**Endowment**
**funds**
**to the nearest £**|**Total funds**
**to the nearest £**|**Last year**
**to the nearest**
**£**|
|Santiago to Bilbao Ride Income|**8,474**
**1,921**
**168**|**-**|**-**|**8,474**|**-**|
|Donations||**-**|**-**|**1,921**|**-**|
|GiftAid||||**168**||
|**_Sub total_**_(Gross income for AR)_|**10,562**|**-**|**-**|**10,562**|**-**|
|**A2 Asset and investment sales, (see table).**||||||
|n/a|**-**|**-**|**-**|**-**|**-**|
|**_Sub total_**
**_Total receipts_ **|**-**|**-**|**-**|**-**|**-**|
|||||||
||**10,562**|**-**|**-**|**10,562**|**-**|
|**A3 Payments**|**9,094**
**1,687**
**4,662**
**210**
**88**
**179**
**17**|||||
|Nalango: Kitchen Project||||**9,094**||
|Nalango: Educational Support||**-**|**-**|**1,687**|**-**|
|Santiago - Bilbao TripCosts||**-**|**-**|**4,662**|**-**|
|Santiago - Bilbao Deposit Refund||**-**|**-**|**210**|**-**|
|Administration||**-**|**-**|**88**|**-**|
|EUR/GBP FX Realised Gain/Loss||||**179**||
|FX Fees||**-**|**-**|**17**|**-**|
|**_Sub total_ **||||||
||**15,938**|**-**|**-**|**15,938**|**-**|
|||||||
|**A4 Asset and investment purchases, (see**
**table)**|**-**
**-**|||||
|**n/a**||**-**|**-**|**-**|**-**|
|||**-**|**-**|**-**|**-**|
|**_Sub total_ **|**-**|**-**|**-**|**-**|**-**|
|**_Total payments_ **
**_Net of receipts/(payments)_ **||||||
||**15,938**|**-**|**-**|**15,938**|**-**|
|||||||
||**- 5,376**|**-**|**-**|**- 5,376**|**-**|
|||||||
|**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_ **|**-**
**5,876**|**-**|**-**|**-**|**-**|
||||**-**|**5,876**|**-**|
||**500**|**-**|**-**|**500**|**-**|
OMC RECEIPTS AND PAYMENT ACCOUNTS 24-25.xlsx
|**Section B Statement of assets and liabilities a**|**t the end of the period**||||
|---|---|---|---|---|
|**Categories**
Signed by one or two trustees on behalf of all
the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the charity’s own use**
**B1 Cash funds**|**Details**
**Details**
Main Account
Project Account
**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and
payments account(s))
**Details**
Signature|**Unrestricted**
**funds**
**to nearest £**|**Restricted funds**
**to nearest £**|**Endowment**
**funds**
**to nearest £**|
||||**-**
**-**|**-**|
|||**500**||**-**|
|||**-**||**-**|
|||**500**|**-**|**-**|
|||OK
**Unrestricted**
**funds**
**to nearest £**||OK
**Endowment**
**funds**
**to nearest £**|
|||**-**||**-**|
|||**-**||**-**|
|||**-**||**-**|
|||**-**||**-**|
|||**-**||**-**|
|||**-**||**-**|
|||**Fund to which**
**asset belongs**||**Current value**
**(optional)**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||**Fund to which**
**asset belongs**||**Current value**
**(optional)**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||**Fund to which**
**liability relates**||**When due**
**(optional)**|
||||||
||||||
||||||
||||||
||||||
|||Print|||
|||||Date of
approval|
|||||25/01/2026|
|||||29/01/2026|
OMC RECEIPTS AND PAYMENT ACCOUNTS 24-25.xlsx