# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST MAY 2022**
## **THE ONE LOVE PROJECT**
(Charitable Incorporated Organisation)
**CHARITY REGISTRATION No: 1189782**
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
1
## **THE ONE LOVE PROJECT**
(Charitable Incorporated Organisation)
## **CONTENTS**
|Page 3|Legal and Administrative Information|
|---|---|
|Pages 4 to 6|Trustees' Report|
|Page 7|Statement of Financial Activities|
|Page 8|Balance Sheet|
|Pages 9 to 15|Notes to the Financial Statements|
|Page 16|Independent Examiner's Report|
2
## **THE ONE LOVE PROJECT**
(Charitable Incorporated Organisation)
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**CHARITY NUMBER** 1189782 **DATE OF REGISTRATION** 4th June 2020 **START OF FINANCIAL PERIOD** 1st April 2021 **END OF FINANCIAL PERIOD** 31st May 2022 **TRUSTEES AT 31ST MAY 2022** Zoey Smith Sharon Yavuz (Appointed 7th October 2021) Hollie Wells (Appointed 28th April 2022) Emily Kreyling (Resigned 15th April 2022) Stuart Bennett (Resigned 26th January 2022) **LEGAL STATUS** Charitable Incorporated Organisation **GOVERNING INSTRUMENT** CIO - Foundation Registered 4th June 2020
## **OBJECTS**
To relieve poverty, emotional distress and sickness, in particular but not exclusively, amongst homeless people in Southend-on-Sea and the surrounding area by the provision of advice, and assistance services, food, clothing and a safe place.
## **CORRESPONDENCE ADDRESS**
**CORRESPONDENCE ADDRESS** Hollybrook Carnarvon Road Southend-on-Sea SS2 6LR **PRIMARY BANKERS** Barclay Bank Plc 1 Churchill Place London E14 5HP **INDEPENDENT EXAMINERS** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
3
## **THE ONE LOVE PROJECT**
(Charitable Incorporated Organisation)
## **TRUSTEES' REPORT FOR THE PERIOD ENDED 31ST MAY 2022**
## **Objectives and Activities**
The One Love Project is a charity whose purpose is the relief of poverty and the relief of those in need, by reason of youth, age, illhealth, disability and financial hardship, in particular but not exclusively amongst homeless people as well as individuals and families facing food and fuel poverty in Southend On Sea and surrounding areas by the provision of advice, assistance and sign posting services, food, clothing and a safe space.
The One Love Project provides services in the heart of Southend and surrounding areas, offering critical support to an extraordinary number of homeless and vulnerable people as well as those facing poverty within our local community.
The One Love Project provide a soup kitchen twice a week which is a provision for homeless, lonely and vulnerable, whereby we provide a nutritious meal, hot showering facilities, clothing and toiletries.
As it currently stands, we are supporting in region of 250 guests a week through our soup kitchen.
We also provide a food bank once a week which is a provision for individuals and families whereby we provide lots of free fresh produce, cupboard fillers, toiletries and cleaning products.
Every week at the food bank we have a Pop Up Kitchen running, which provides home cooked hearty meals for the whole family for a small donation and children eat for free.
As it currently stands, we are supporting in the region of 280 families a month through our food bank.
We have also supported a similar start up initiative, partnering up with a local church to offer additional support and a food provision within a deprived area of Shoebury. This was requested by Southend City Council who initiated the partnership between The One Love Project and Friars Baptist Church, who have now solely taken this project on as The Shoebury Ark to continue to support the local community in and around Shoebury.
The One Love Project’s Outreach involves heading out into Southend to engage with those experiencing homelessness who may be new to the streets, disconnected or alienated from mainstream services and support. On board our outreach van, we have essential items to offer those we come across such as sleeping bags, blankets, warm clothes, hot food and drink.
This initiative is supported by experienced and trained volunteers as well as local services.
Our approach is welcoming and friendly, offering a safe, non-judgemental space which is well supported by professional services, well experienced volunteers and local services, enables The One Love Project to create a wraparound service.
Throughout 2021/2022 we have been working in partnership with Southend City Council and the Rough Sleeper Initiative, alongside other commissioned and voluntary services support those facing homelessness, by attending weekly meetings as a partnership, discussing individual cases and supporting pathways out of homelessness.
With the support of the RSI, we was able to run a mental health clinic every Monday morning, to support and address mental health needs to those rough sleeping with referrals being made for those using our services.
One Love also worked with a BACP accredited addiction counsellor, offering weekly counselling sessions to guests who are in active addiction wanting to start their journey of recovery. Our aim is help develop healthy habits and new mind sets for a better future.
The period covered by this report has been impacted by the Covid Pandemic and the charity has had to adjust, review and revise its services due to government restrictions. As a direct impact of the pandemic we tailored our services by putting social distancing measures in place, for both guests and volunteers, as well as hand sanitiser and masks around site to ensure everyone was kept as safe as possible.
We also tailored our service by offering a takeaway option, which limited the amount of guests sitting in and eating.
We also was able to offer COVID-19 vaccinations with the support of our Nurse Practitioner on site.
4
## **THE ONE LOVE PROJECT**
(Charitable Incorporated Organisation)
## **TRUSTEES' REPORT (Continued) FOR THE PERIOD ENDED 31ST MAY 2022**
## **Public Benefit**
The Trustees pay due respect to the guidance provided by the Charities Commission when deciding on the activities of the Charity. This is demonstrated by the diverse range of services provided by the charity across a broad demographic whilst maintaining the objectives as detailed by the Charities Commission.
## **Contribution Made by Volunteers**
The One Love Project currently has 106 active volunteers.
Our volunteers contribute and help run our services throughout the week, which varies from back office support, volunteer recruitment, on-site maintenance, donation sorting, food collections, fundraising events, committees, training courses, donation collections, cooking and prepping meals and running both the soup kitchen and food bank services.
All volunteers are offered a varied range of appropriate training including mental health first aid, trauma informed approaches, professional boundaries, suicide awareness, drug & alcohol awareness and naloxone.
Working together as a team, to provide the services we do allows for a meaningful contribution towards a better community.
## **Structure, Governance and Management**
The Charity is governed by The Charity Commission for England and Wales and operates as a CIO Foundation Charity.
The Charity has a diverse range of experience within its board of trustees and all appointment are advertised via a wide range of channels including social media and local services, all applications are via a standardised application form and full interview process, the trustees are currently looking to broaden the board via a vigorous recruitment strategy with they aim to have two additional trustees with identified experience within the next financial year.
## **Organisational Structure**
In May 2021, The One Love Project recruitment a Head of Operations to oversee the full operation across all services.
As our first full time employee role, this allowed The One Love Project the opportunity to add consistency and infrastructure into the organisation and across the board.
This year, a lot of time has been invested internally with the main focus on the internal infrastructure, for example, HR systems and policies, Health and Safety including risk assessments, IT Services and accounting /book keeping systems.
This has allowed us to grow and expand internally, now employing 3 part time members of staff and 1 full time member of staff and externally, being able to offer more services.
The Head of Operations takes actions and guidance from outcomes of trustee meetings and reports back with monthly updates.
The other posts all report into Head of Operations, where guidance is given on tasks required.
## **Financial Review**
The Charity took the decision to run the accounts for 14 months, this has allowed for 2 years full accounts.
Whilst the period covered by the accounts, 1 April 2021 to 31 May 2022, is a 14 month period a large proportion of this period has been affected by the Covid pandemic. However the income of the Charity, following its first year as a CIO in 2020/21, has shown a dramatic growth, mainly via restricted funding applications and grants, which has allowed for the expansion of services and provision.
The Charity aims to continue to grow the services and support it offers to the community within the next year.
5
THE OME LOVE PROJECT
## **THE ONE LOVE PROJECT**
(Charitable Incorporated Organisation)
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31ST MAY 2022**
|**Notes**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Donations, Grants & Legacies
**3a**
Charitable Activities
**3b**
Activities for Generating Funds
**3c**
Investment Income
**3d**
Other Incoming Resources
**3e**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Costs of Generating Funds**
Cost of Charitable Activities
**4a**
Cost of Generating Funds
**4b**
Governance Costs
**4c**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING (OUTGOING) RESOURCES**
Funds Brought Forward
Introduction of Fixed Assets
**17**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
100,741
73,673
174,414
69,485
19,726
-
19,726
137
1,643
-
1,643
3,532
-
-
-
-
1,370
-
1,370
271
**123,479**
**73,673**
**197,152**
**73,424**
157,141
13,583
170,724
27,367
734
-
734
278
1,582
-
1,582
700
**159,457**
**13,583**
**173,040**
**28,345**
**(35,978)**
**60,090**
**24,112**
**45,079**
45,079
-
45,079
-
11,000
-
11,000
-
**20,101**
**60,090**
**80,191**
**45,079**|
|---|---|
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 9 to 15 form part of these financial statements.
7
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## **THE ONE LOVE PROJECT**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST MAY 2022**
## **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 notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - 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 have 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.
## _**Investment Gains and Losses**_
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
9
## **THE ONE LOVE PROJECT**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE PERIOD ENDED 31ST MAY 2022**
## **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.
## _**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 particular 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% - Straight Line Basis Motor Vehicle 20% - Straight Line Basis
## **2. TANGIBLE FIXED ASSETS**
|Cost
01-Apr-21
Additions
Net Book Value at
31-May-22
Depreciation
01-Apr-21
Charge
Depreciation at
31-May-22
Net Book Value
31-May-22
Net Book Value
31-Mar-21|Motor
Fittings &
**TOTAL**
Vehicles
Equipment
**2021/22**
£
£
£
-
-
-
11,000
-
11,000
11,000
-
11,000
-
-
-
4,400
-
4,400
4,400
-
4,400
**6,600**
**-**
**6,600**
**-**
**-**
**-**|
|---|---|
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
31st May 2022 : None
31st March 2021 : None
10
## **THE ONE LOVE PROJECT**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE PERIOD ENDED 31ST MAY 2022**
## **3. INCOMING RESOURCES**
|**Note**
**a) Donations, Grants & Legacies**
Gifts & Donations
**5**
Grants Received
**5**
**b) Charitable Activities**
Adventure Island
Food Bank
Half Term Hunger Project
**c) Activities for Generating Funds**
Fundraising Income
**d) Investment Income**
Interest
**e) Other Incoming Resources**
Sundry Income|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
96,360
37,673
134,033
55,485
4,382
36,000
40,382
14,000
**100,741**
**73,673**
**174,414**
**69,485**
17,019
-
17,019
-
2,707
-
2,707
-
-
-
-
137
**19,726**
**-**
**19,726**
**137**
1,643
1,643
3,532
**1,643**
**-**
**1,643**
**3,532**
-
-
-
-
**-**
**-**
**-**
**-**
1,370
-
1,370
271
**1,370**
**-**
**1,370**
**271**|
|---|---|
11
## **THE ONE LOVE PROJECT**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE PERIOD ENDED 31ST MAY 2022**
## **4. RESOURCES EXPENDED**
|**Note**
**a) Cost of Charitable Activities**
Adventure Island
Advertising & Publicity
Bank Charges
Depreciation Expense
Equipment Costs
Food Bank
Gifts & Donations
Half Term Hunger Project
Insurance Costs
Licenses & Subscriptions
Motor Vehicle Costs
Outreach Costs
Pop-Up Kitchen Costs
Printing, Postage & Stationery
Referral Costs
**5**
Repairs & Maintenance
Security Costs
Soup Kitchen Costs
Staff Costs
**12**
Staff Expenses
Sundry Expenses
**5**
Telephone Costs
Training Costs
Travel & Hospitality
**b) Cost of Generating Fund**
Fundraising Costs
`
**c) Governance Costs**
Independent Examiners Fees
**9**
Legal & Professional Fees|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
22,304
-
22,304
-
1,201
-
1,201
200
208
-
208
109
4,400
-
4,400
-
-
-
-
1,721
12,760
-
12,760
2,253
400
-
400
-
-
-
-
1,030
2,996
-
2,996
960
1,929
-
1,929
147
2,601
-
2,601
-
733
-
733
1,996
2,138
-
2,138
-
411
-
411
411
1,314
12,605
13,919
-
5,053
-
5,053
388
4,004
-
4,004
660
17,965
-
17,965
-
70,991
-
70,991
12,085
-
-
-
1,008
918
978
1,896
1,213
1,331
-
1,331
-
2,288
-
2,288
959
1,193
-
1,193
2,226
**157,141**
**13,583**
**170,724**
**27,367**
734
-
734
278
**734**
**-**
**734**
**278**
875
-
875
700
707
-
707
-
**1,582**
**-**
**1,582**
**700**|
|---|---|
12
## **THE ONE LOVE PROJECT**
(Charitable Incorporated Organisation)
**NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE PERIOD ENDED 31ST MAY 2022**
## **5. RESTRICTED FUNDS**
|SEF Fund
Kitchen Revamp Fund
Moving Fund
Staff Cost Fund
Defib/Fridge Fund|**Balance**
**Balance**
**01-Apr-21**
Income
Expenditure
Transfers
**31-May-22**
£
£
£
£
£
-
15,000
12,605
-
2,395
-
5,000
978
-
4,022
-
30,573
-
-
30,573
-
21,000
-
-
21,000
-
2,100
-
-
2,100
**-**
**73,673**
**13,583**
**-**
**60,090**|
|---|---|
The restricted funds held are wholly represented by the CIO's cash reserves and are to be expended as specified above.
13
## **THE ONE LOVE PROJECT**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE PERIOD ENDED 31ST MAY 2022**
## **6. INVESTMENTS**
The CIO held no fixed assets investments during this or the previous financial period.
## **7. CASH AT BANK AND IN HAND**
||Unrestricted
Restricted|**Total**
**Total**|
|---|---|---|
||Fund
Fund|**31-May-22**
**31-Mar-21**|
||£
£|**£**
**£**|
|Cash at Bank & in Hand|14,376
60,090
74,466
45,779||
||**14,376**
**60,090**
**74,466**
**45,779**||
|**8. DEBTORS AND PREPAYMENTS**
Sundry Debtors|Unrestricted
Restricted
Fund
Fund
£
£
-|**Total**
**Total**
**31-May-22**
**31-Mar-21**
**£**
**£**
-
-
-|
||**-**|**-**
**-**
**-**|
|**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Independent Examiners Fees|Unrestricted
Restricted
Fund
Fund
£
£
875|**Total**
**Total**
**31-May-22**
**31-Mar-21**
**£**
**£**
-
875
700|
||**875**|**-**
**875**
**700**|
## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
The CIO held no long term liabilities during this or the previous financial period.
## **11. NET ASSETS BETWEEN FUNDS**
|Fixed Asset Investments
Net Current Assets
Long Term Liabilities|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-May-22**
**31-Mar-21**
£
£
£
£
6,600
-
6,600
-
13,501
60,090
73,591
45,079
-
-
-
-
**20,101**
**60,090**
**80,191**
**45,079**|
|---|---|
14
## **THE ONE LOVE PROJECT**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE PERIOD ENDED 31ST MAY 2022**
## **12. STAFF COSTS AND NUMBERS**
|**TOTAL**
**2021/22**
£
Gross Wages, Salaries & Fees
65,041
Employer's National Insurance Costs
5,950
Pension Contributions
-
**70,991**
Employees who were engaged in each of the following activities:
**TOTAL**
**2021/22**
Charitable Activities
3|**TOTAL**
**2020/21**
£
12,085
-
-
**12,085**
**TOTAL**
**2020/21**
4|
|---|---|
The Charity operates a PAYE scheme to pay all members of employed staff. The Charity also engages with staff on a Self-employed basis and is therefore not liable to Income Tax and National Insurance Cost for Self-employed members of staff and no employees received emoluments in excess of £60,000.
## **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.
## **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
## **17. INTRODUCTION OF FIXED ASSETS**
The One Love Project acquired a fixed tangible asset in the form of a Motor Vehicle which has been introduced in to the accounts at cost value and appropriate depreciation has been charged to reflect a true and fair value of the Charity's closing financial position as at the 31st May 2022.
15
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
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C$$tle View knnting Ltd
New Barn
MurJDerry La
Bosham
Chichesler
West Sussex
P018 8TS
l)at8.' 171h January 2023
16