THE ONE LOVE PROJECT (Charitable Incorporated Organisation) Charity Reglstratlon No. 1189782 Trustees. Report and Unaudited Accounts 31 May 2024
THE ONE LOVE PROJECT Contents Pagès Legal and Administrative Information Trustees. Annual Report Independent Examiner's Report Statement of Financial Aclivilies Balance Sheet 3105 Notes to the Accounts 91018 Detailed Statement of Financial Activities 19to20 Pagel 1
THE ONE LOVE PROJECT Legal and Administrative Information CHARITY NUMBER 1189762 DATE OF REGISTRATION 4th June 2020 START OF FINANCIAL YEAR 1 st JLtne 2023 END OF FINANCIAL YEAR 31st May 2024 TRUSTEES AT 31st MAY 2024 Sharon Yavuz Zoey Smith (Irusleeship expired 3 June 2023) Jessica Ellis (resigned 17 February 2025) Rhiannon Jones (resigned 23 April 20241 Hollie Wells {resigned 27 May 20241 James Brittain {appointed 14th March 2024) Tessa Cansdal8 {appointed 17th February 2025) LEGAL STATUS Charitable Incorporated Organisalion GOVERNING INSTRUMENT CIO-Foundalion Registered 4th June 2020 OBJECTS To relieve pov8rty, emotronal 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 Hollybrook Camarvon Road Southend-on-sea SS2 6LR PRIMARY BANKERS Barclays Bank PIC 1 Churchill Place London E145HP INDEPENDENT EXAMINERS Hancock & Haslings Limited ACCA Suite 2 Ashton Square Business Cenlre 22 Ashton Square Dunstable LU6 3SN Page12
THE ONE LOVE PROJECT Trustees Annual Report The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 May 2024 Objectives and activities The One Love Proiecl is a charity whose purpose Is the relief of poverty and the relief of those In 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, ill-he81th, disability and financial hardship, In particular bul not exclusively amongst homeless people a6 well as Individuals and families facing food and fuel poverty In Soulhend On Sea and surrounding areas by the provision of advice, assistance and sign posting services, food, clothing and a safe spa. The One Love Project provides ils seNices from Ils base in the heart of Southend on Sea The services provided by The One Love Project are non-referral, and non-iudgmenlal. and no person Is excluded due to geography. If any person is In need of our services and can attend our operational base, th8n they are welcome to attend The One Love Project continues to deliver Ils core facilities providing Ihree evening services per week (overtwo evenings}one dodicated towomen only, and 2 mixed services, as well as the weekly non referral foodbank service an(1 weekly wellbeing sessions During these services a ful wraparound provision is provided including a hot nutritious meal, hot shower facilities, clothing, aC$S to mental and physical health practitioners. Our approach Is welcoming and friendly, offenng a safe, non-judgmental space which is well supported by professional services and volunteers. During 2024 numbers to our setvices hil an all-time high, which has led The One Love Project lo review Its provisions and look to ensure they can engage with as many of those in need as possible As well as the core facilities, The One Love Project has been able to secure funding to deliver additional seNices including Treat Ihe Feel, a Podiatry service and Cooking Classes and has worked in partnership to delivery services including Dentistry, Sexual Health Testing, HEP C testing and meal to families In emergency temporary accommodalion with no access to cooking faGilities. One of the main focuses during 2024 was to extend and strengthen the partnership working and collaboration within the other local statutory and non-slalutory providers. During the calendar year 2024 over 13.700 attended our evening service, over 10,800 attended the foodbank and over 550 meals were provided to families in emergency temporary accommodation. All of the funding for the Project is delivered via donations and grant applications. Al the end of 2023, Ihe charity was awarded funding from HM Government via the National Lottery. This and other funding provision has allowed Ihe team of employed staff lo expand to the equivalent of 3.5 full-lime employees. Public benefit The Trustees pay due respect to the guidance provided by the Chanties Commission when deciding on the aclivilies of the Charity This is demonstrated by the diverse range of services provided by the charity across a broad demographic whilst maintaining the obieGtives as detailed by the Charities Commission Page13
THE ONE LOVE PROJECT Trustees Annual Report Contributions made by voluntèers The One Love Project currently has 115 active volunteers. Our volunteers contrrbute and help run our services throughout the week, which vary from back- office support, volunleer recruitment, on-sile maintenance, donation sorting, foodldonalion collections, events, cooking and prepping meals and running both the soup kitchen and food bank services All volunteers are offered a varied range of appropriate Iraining including mental health first aid, trauma informed approaches, professional boundaries, suicide awareness, drug & alcohol awareness and naloxone Working together as a team, providing the services we do, allows for a meaningful contribution towards a beller 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 appointments are advertised via a wide range of channels including social media and local setvices. All applications are via a standardised application fomi and full interview process. The trustees are currently looking to broaden the board and will shortly be looking to recruil a treasurer. Organisational structure The Chief Executive Officer is responsible for the day-lo-day running of all aspects of Ihe charity and works closely with the chair of Irustees As Ihe charity has developed and diversified to meet the needs within the local community, additional time has been spent firming the infrastructure of the charlty The trustees and senior leam al the charity have invested In developing a slrategy plan for growth and longevity which will be published In the coming months The Chief Executive Officer will work closely with the trustees lo ensure that this is delivered and to deliver the strategy lo the wider cofflmunily as well as the volunteer base Page14
THE ONE LOVE PROJECT Trustees Annual Report Trustees, responsibilities The trustees are responsible for preparing the trustees. report and financial statements for The One Love Project In accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) The Charities Act 2011 requires the trustees to prepare financial stalements for each financial year which give a true and fair view of the slate of affairs of the CIO and of the surplus of the CIO for that period. In preparing those financial statements the Irustees are required to Select suitable accounting policies and apply them consistently Observe the methods and principles in the Charity SORP. Make iudgemenls and estimates that are reasonable and prudent State whether applicable UK accounting slandards have been followed, subject to any malerial departures disclosed and explained in the financial statements. and Prepare financial slalemenls on the going concern basis unless it is inappropriate lo presume that the CIO will continue in existence. The Trustees ar8 responsible for keeping propgr accounting records that disclose wilh reasonabl8 accuracy at any time the financial position of the charity and enable them lo ensure that the financial slalements comply with the Companles Act 2006 The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other Irregularities The above report has been prepared In accordance with the provisions applicable to companies subject to the small companies, regime as sel oul in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP {FRS 1021. Signed on behalf of the board S. Yavuz Trustee 26 March 2025 Page15
THE ONE LOVE PROJECT Independent Examiner5 Report Independent Examiner's Report to the trustees of The One Love Project I report to the charity trustees on my examination of the financial stalemenls of The One Love Project for the year ended 31 May 2024. Responsibilities and basls of report As the charitys Irustees of the company (and also direclors for the purposes of company law) you are responsible for the preparation of the financial statements In accordance with the requiremenls of the Companies Act 2006 ('the 2006 ACV). Having satisfied myself Ihal the financial statements of the Charily are not required to be audited under Part 16 of the 2006 Acl and are eligible for Independent examination. I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying oul my examination I have followed the Directsons given by the Charily Commission under section 14515) (b) of the 2011 Act Independent examiner's slatement I have completed my examination I can confirm thal no material matters have come lo my attention In connection with the examination giving me cause to believe accounting records were not kept in aGrdan with section 386 of the 2006 Ad.. or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements under section 396 of Ihe 2006 Act other than any requirement that the financial statemenls give a 'lrue and fairf view which Is nol a matter considered as part of an independent examination,. or Ihe financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounling and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable In the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with Ihe examination to which attention should be drawn in this repori in order to enable a proper understanding of the financial statements to be reached. Amy Hancock FCCA Hancock & Hastings Limited offi 2, Ashton Square Business Centre 22 Ashton Square Dunstable LU6 3SN 26 March 2025 Page16
THE ONE LOVE PROJECT statement of Financlal Actlvlties for the year ended 31 May 2024 Unrestricted Restricted funds funds 2024 2024 Totsl funds 2024 Total funds 2023 Notes Income and endowments from: Donalions and legacies Other trading activities Other 110.831 58,032 421 70.774 181.605 58,032 421 149,701 52,152 424 Total 169,284 70,774 240,058 202,277 Expenditure on: Raising funds Charitable activities Other 10,157 33,387 87,753 10,157 39,562 127,882 1,132 66.405 108,757 176,294 6,175 40,129 46,304 Total 131,297 177,601 Net gains on Investments Net income 37,987 24,470 62,457 25,983 Transfers beeen funds Net income before oiher gainsl{losses) other galns and losses 37,987 24,470 62.457 25.983 Net movement in funds 37,987 24,470 62,457 25,983 Reconciliation of funds: Total funds brought forward 78,292 27,882 106,174 80,191 Total funds carried forward 116,279 52,352 168.631 106,174 Page17
THE ONE LOVE PROJECT Balance Sheet al 31 May 2024 Notes 2024 2023 Fixed assets Tangible assets 13 2.200 2,200 4,400 4,400 Current assets Debtors Cash al bank and In hand 14 1,467 170,166 171,633 102,724 102,724 Creditors: Amount falling due within one year Net current assets 15 {5,202) 166.431 168,631 168.631 {9501 101,774 106,174 106,174 Total assets less current liabilltios Net assels excluding pension asset or liability Total net assets 168,631 106,174 The funds of the charity Restricted funds Restricled Income funds 16 52,352 52.352 27,882 27,882 Unrestricted funds General funds Designated funds 16 5,656 110,623 116.279 16,102 62,190 78,292 Total funds 168,631 106,174 These accounts hav8 been prepared In accordance with the special provisions of Part 15 of the Companies Act 2006 relating lo sm811 companies For the year ended 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have nol requested the company to obtain an audit in accordance with section 476 of the Companies Act 2008 The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respecl lo accounting records and the preparation of accounts. Approved by the board on 26 March 2025 signe on its behalf by av Trustee 26 March 2025 Page18
THE ONE LOVE PROJECT Notos to the Accounts for the year ended 31 May 2024 1 Accounting policies Basls of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities Slalement of Recommended Practice applicable to Gharilies preparing their 8ccounts In accordance with Ihe Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 1021 (effedive 1 January 2015) (Charities SORP {FRS 1021}, the Financial Reporting Standard applicable In Ihe UK and Republic of Ireland (FRS 1021 and the Companies Act 2006 Assessmenl of Going Concern Preparation of the accounts Is on a going concern basis The trustees consider that there are no material nrtaInlieS about the Charity's ability lo continue as a going concern Change in basis of accounting or to provious accounts There has been no change lo the accounting policies (valuation rules and method of accounting) since last year and no changes have been mad6 lo accounts for previous years Fund accounting Unrestricted funds These are available for use at the discretion of the trustees In furtherance of the general objects of the charity. Designated funds These are unrestricled funds earmarked by the truslees for particular purposes. Revaluation funds These are unrestncted funds which Include a revalualion reserve represenllng Ihe reslatemenl of investment assets at their market V81ues Restricted funds These are available for use sublecl lo reslriclions Imposed by the donor or through terms of an appeal. Page19
THE ONE LOVE PROJECT Notes to the Accounts Income Recognition of Income Income is included In the Slalemenl of Financial Activities ISOFAI when the charity becom8s entitled to, and virtually certain lo receive, the income and the amount of the Income can be measured with sufficienl reliability Income with related expenditure Where Income has related expenditure the income and related expenditure Is reported gross in the SOFA Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on donations and gifts Income from lax reclaims is included in the SOFA at the same lime as the giftldonation lo which it relates Gifts In Kind Gifts In kind are accoun16d for al a reasonable 6Stimate 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 income (with an equivalent amount In expenditure) where the benefit to th6 Charity Is reasonably quantifiable. measurable and matenal Volunteer help accounts. The value of any volunteer help reiVed Is not included In the Investment income This is included In the acGounts when receivable. Gainsl{losses} on revaluation of fixed assets This Includes any ga1n or loss resulting from revaluing Investments to market value at the end of the year. Gainslllosses) on investment assets This includes any gain or loss on the sale of investments Page | 10
THE ONE LOVE PROJECT Notes lo the Accounts Expenditure Recognition of expenditure Expenditure Is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which Il relates Expenditure On raising funds These comprise the costs 8sso¢iated with attracting voluntary Income, fundraising trading costs and Investment managemenl costs. Expenditure on charilable activities These comprise the costs Incurred by the Charity in the delivery of Its activities and services In the furtherance of Ils objects, Including the making of grants and govemance costs. Grants payable All grant expenditure Is accounted for on an actual paid basis plus an accrual for grants that have been approved by the Irustees at the end of the year but not yel paid Governan costs These include those cosls associated with meeting the constitutional and slatulory requirements of the Charity. including any auditlindependent examination fees, costs linked lo the strategic management of the Charity, togelher with a share of other adminislralion costs Other expenditure These are support costs not allocated to a particular activity Taxatlon The charity is exempt from corporation tax on Its charitable acliwlies. Tanglble fixed assets and d8preciatlon Fixed Assets are capilalised If Ihey can be used for more than one year and cost at least £1,500. They are valued at cost or, If gifted, al the value lo the charity on receipt. Depreciation is provided at the following annual rates in order to write off each asset over ils estimated useful lrfe. Motor Vehicles 20Yo Straight Line Trade and other debtors Trade and other debtors are recognised al the settlement amount due after any trade discount offered Prepayments are valued al the 8mounl prepaid net of any trade discounts due. Cash and cash equlvalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original malurilies of three months or less and bank overdrafts In the statemenl of financial position, bank overdrafts are shown wilhin borrowings or current liabilities. Trade and other creditors Short-term credilors are measured al the transaction price Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result In the Iransfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably Creditors and provlsions are nomially recognised at their settlement amount after allowing for any trade discounts due Pag6111
THE ONE LOVE PROJECT Notes to the Accounts Pension costs The charity operates a defined contribution plan for Its employees A defined contribution p18n Is a pension plan under which Ihe company pays fixed contribulions Into a separate entity. Once the conlributions have been paid the company has no further payments obligations The contributions are recognised as expenses when Ihey fall due. Amounts not paid are shown in accruals in Ihe balance sheet. The assets of the plan are held separately from the company in Independently administered funds. Receipt of donated goods, facilities and sèrvlces All donated goods, facilities and services received are recognised within Incoming resources and expenditure at an estimate of value to the charity 2 Company status The company Is a private company limited by guarantee and conseqLtently does not have share capilal 3 Statement of Financial Activities . prlor year Unrestricted Restricted funds tunds 2023 2023 Total funds 2023 Income and endowmonts from: Donations and legacies Other trading activities Olher 41,437 52.152 424 108,264 149,701 52,152 424 94,013 108.264 202,277 Exponditure on: Raising funds Charitable aclivitles Other 1.132 66,405 30,260 1,132 66,405 108,757 78,497 Total 97,797 78,497 176,294 Not income (3,784) 61,975 29,767 {61,9751 25,983 Transfers between funds (note 111 Net Income before other gainsl(losses) 58,191 {32,208) 25.983 othor gains and losses: Net movoment In funds 58,191 {32,208) 25,983 Reconciliation of funds: Total funds broughl forward Total funds carried forward 20,101 60,090 80,191 106,174 78,292 27,882 Page | 12
THE ONE LOVE PROJECT Notes to the Ac¢ounts 4 Income from donalions and legacies Unrestricted Restricted Total 2024 Total 2023 Gifts & Donations Granls Received 11.399 99,432 110,831 11,399 170,206 181,605 43,750 105,951 149,701 70,774 70,774 S Income from other trading activities Unrestricted Total Total 2024 2023 Fundraising activibes 58,032 58,032 58,032 58.032 52,152 52,152 6 Other income Unrostricted Total 2024 Total 2023 Sundry Income 421 421 421 421 424 424 7 Expenditure on raising funds Unrestricted Total 2024 Total 2023 Fundraising acfrvilies 10,157 10.157 10,157 10,157 1,132 1,132 Page | 13
THE ONE LOVE PROJECT Notes to the Accounts 8 Expenditure on charltable actlvltles Unrestricted Restricted Total 2024 Total 2023 Expendilure on charilable aclivilies Adventure Island Food Bank Soup kitchen costs Referral costs 21,425 13,563 13,230 15,274 18.403 9,578 1,110 500 3,796 776 19,179 11,927 4,160 500 2,349 3.050 Gifts & donations Sundry costs Governance costs 3,796 2.913 Legal & Professional fees Other expenditure Staff and related costs Advertising & Publicity Property costs Security costs General administrative costs 12,202 12.202 1,072 30,015 17,054 6,892 10,724 9,916 950 39,688 69,703 17,054 7,333 10,724 9,916 950 81,432 5,491 4,616 7,935 7,261 950 441 Independent examiner fees 121,140 46,304 167.444 140,191 9 Net income before transfers 2024 2023 This is slated after charging Depreciation of owned fixed assets 2,200 2,200 10 Staff costs No employee received emoluments In excess of £60,000. 11 Prior year adjustment Brought fomard reslricled funds of £62,190 have been reclassified as designated funds due lo Incorrect classification in the prior year financial statements This has resulted in an Increase In designaled funds of £62,190 and a reduction In restricted funds of £62.190. 12 Exceptlonal item During the year, the CIC paid exceptional legal fees of £5,360 in relation lo a dispute with a former employee This Is shown within Legal & profession81 fees in note 8. The matter has been resolved and closed before the date of these financial slalements. Page | 14
THE ONE LOVE PROJECT Notes to the Accounts 13 Tangible fixed assets Office Equipment Motor Vèhicles Total Cost or revaluation At 1 June 2023 At 31 May 2024 11.000 11.000 11,000 11,000 Depreciation and impairnwit At 1 June 2023 Depreciation charge for the year At 31 May 2024 Nel book values At 31 May 2024 At 31 May 2023 6,600 6,600 2,200 2,200 8,800 8,800 2.200 4,400 2,200 4.400 14 Debtors 2024 2023 Prepayments and accrued income 1.467 1.467 15 Creditors: Amounts falling due within one year 2024 2023 Trade creditors Olher taxes and Soal security Other creditors Accruals 1.980 2,098 175 949 5,202 950 950 Page115
THE ONE LOVE PROJECT Notes to the Accounts 16 Movement in funds Incoming resources (In¢ludlng other gainsllosses) At1 Junè 2023 Resources Gross èxpended transfers At31 May 2024 Restricted funds: Rostricted income fund$.' SEF Fund Michael Barnard Fund AdminlBookkeeping Fund NHS Fund Aldi School Lunches Fund Slaff Fund-Kitchen Wellbeing Wednesday Fund CRM Little love baby bank Treat the feel Cadent -wam space Baby formula fund Rosca soup kitchen Total 3,074 550 2,310 900 14,148 (3,0501 (1,4501 (9,663) (15,3821 (744) (4,1681 14421 2,334 4,485 3,788 176 19,170 920 4,168 1,106 664 4,700 14,580 12,780 15,000 250 5,000 70,774 (2,231) (4,255) (2,539) 2,469 10,325 10,241 15,000 218 2,652 52,352 (32) (2,348) 146,304) 27,882 Unrestricted funds: General funds: 16,102 95,339 (105,785) 5,656 Designated funds: National Lottery Wilmington Kitchen Revamp Fund Reserves Fund Water Appeal Fund Gala Dinner Xrnas 2023 36,584 24,339 36,584 24,339 1,336 60,837 17 (1,3361 (11,025) (17) {9,805} 13,329) (25.512} 188 50,000 9,505 3,329 73,945 (300> 110,623 Total 78,292 189,284 (131,297) 116,279 The restricted funds held are wholly represented by the CIO'S cash reserves and are lo be expended as specified above Page116
THE ONE LOVE PROJECT Notes to thè Accounts 17 Staff costs and numbers Total Total 2023124 2022123 Gross Wages. Salaries & Fees Employer's National Insurance Costs Pension Contributsons 66,927 2,423 150 73.986 5.022 69,500 79.008 Employees who were engaged In each of the following aclivitses Total 2023124 Total 2022123 Charitable Aclivities The Charity operates a PAYE scheme to pay all members of employed staff The charity also engages with slaff on a Self-employed basis and Is therefore nol liable to Income Tax and National Insurance Costs for Self*mployed members of staff and no employees received emoluments in excess of £60,000 (2022123.. NIL). 18 Risk assèssment The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reseNes staled, combined with the annual review of Ihe controls over key financial systems carried out on an annu81 basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined olher operational and business risks which they face and confim that they have established systems lo mitigate the significant risks 19 Reserrfes policy The Trustees have considered the level of reserves Ihey 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 lo ensur8 the CIO will be able lo continue to fulfil its charitable objectives even If Ihere Is a temporary shortfall In income or unexpected expenditure The Trustees will endeavor not lo set aside funds unnecessarily. Page117
THE ONE LOVE PROJECT Notes to the Accounts 20 Trustees and other related parties During the financial period, Trustee Hollie Wells received £11,651 in staff costs in her capacity as Interim Operations Manager. No other payments were made to trustees or any persons connected with them during this financial period. No other material transaction look place between the organisalion and a trustee or any person connected with them. 21 Analysis of net assets bètween funds Unrestricted Restricted funds funds Total Fixed assets Nel current assets 2,200 114.079 2,200 166,431 52.352 22 Reconclllatlon of not dgbt At 1 June Cash At 31 May Flow 2024 2023 Cash and cash equivalents 102,724 102.724 67,442 67.442 170,266 170,166 Net debt 23 Related party disclosure$ Controlling party Th8 company Is limited by guarantee and has no share capital, thus, no single party controls Ihe company. 24 Publlc benefit The CIO acknowledges Its requirement to demonstrale 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 Ihe Charity Commission guidan on public benefit before deciding what activities the CIO should undertake. Page118
THE ONE LOVE PROJECT Detailed Statement of Financial Activities for the year ended 31 May 2024 Unrestricted Restricted funds funds Total funds Total funds 2024 2024 2024 2023 Income and endowments from: Donations and legacies Gifts & Donations Grants Received 11,398 99.433 110,831 11,398 170,207 181,605 43,750 105,951 149,701 70.774 70.774 Other trading activities Fundraising activities 58,032 58,032 58,032 58,032 52,152 52,152 Other Sundry Income 421 421 424 424 421 421 Total income and endowments 169,284 70,774 240,058 202.277 Expenditure on: Costs of other trading activities Fundraising activities 10,157 10,157 10,157 10,157 10,157 10,157 1,132 1,132 Total expenditure on ralsing funds Charitable activities Food Bank Soup kitchen costs Referral costs Gifts & donations Sundry Costs Adventure Island 1,132 18,403 9,578 1,110 500 3,796 776 2,349 3,050 19,179 11,927 4,180 500 3,796 13,563 13,230 15,274 2,911 21,425 66,405 33,387 6,175 39,562 Governance costs Legal & Professional fees 12.202 12,202 12,202 12,202 1,072 1,072 Page | 19
THE ONE LOVE PROJECT Detailed Statemenl of Financial Activlties Total expenditure on charitable activities Employee costs Staff costs Staff training 29,812 203 30,015 39,688 69,500 203 69,703 79,008 2,424 81,432 39,688 Motor and travel cosls Motor running costs Travel and subsislen 190 481 671 190 481 671 General adminislr8tive costs, Including depreciation & amortisalion Advertising & publi¢ity Bank charges Depreciation of Motor Vehicles Insurance Repairs & maintenance Security costs Slalionery and printing Subcontractors Subscriptions Sundry expenses Telephone, fax and broadband 17,054 22 2,200 800 6,092 10,724 140 569 3,028 2,082 1,204 43,915 17,054 22 2,200 800 6,533 10,724 140 569 3,028 2,082 1,204 44.356 5,491 169 2,200 1,476 3,140 7,935 889 441 1,899 1,618 24.817 441 Legal and professional costs Independent examination fees 950 950 950 950 950 Total expenditure of other Costs Total expendlture Net gains on investments 75,551 40,129 115.680 107.685 131,297 46,304 177,601 176,294 Not Income 37,987 24,470 62,457 25,983 Transfers between funds Net income bofore other gainsl(losses) Other Gains 37,987 24,470 62,457 25,983 Net movement in funds 37,987 24,470 62,457 25,983 Reconciliation of funds: Total funds broughl foNard 78,292 27,882 106,174 80,191 Total funds carried forward 116,279 52,352 168,631 106,174 Page | 20