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2023-03-31-accounts

Registered number: 04145357 Charity number: 1086159

THE ONE TO ONE CHILDREN'S FUND

(A charitable company limited by guarantee)

MANAGEMENT COMMITTEE'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2023

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

CONTENTS
Reference and administrative details of the Charity, its trustees and advisers 1
Management Committee's report 2
Independent auditors' report 13
Statement of financial activities 16
Balance sheet 17
Statement of cash flows 19
Notes to the financial statements 20

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, IT'S TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 March 2023

Management Committee D S Altschuler & Trustees Dr J Altschuler E Bell L J Gould ACA G Lubner J M Penkin R Mishcon MVA D Thompson M MacLeod OBE Executive Chairman D S Altschuler Honorary Treasurer L J Gould ACA Website www.onetoonechildrensfund.org Telephone 0207 317 7040 Email admin@onetoonechildrensfund.org Charity registered number 1086159 Company registered number 04145357 Principal address and registered 213 Haverstock Hill office Belsize Park London NW3 4QP Independent auditors Harris & Trotter LLP Chartered Accountants and Registered Auditors 101 New Cavendish Street 1[st] Floor South London W1W 6XH Bankers HSBC Bank plc 1 Central Circus Hendon London NW4 3JU

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

MANAGEMENT COMMITTEE'S REPORT FOR THE YEAR ENDED 31 March 2023

The Management Committee present their annual report together with the audited financial statements for the period from 1 April 2022 to 31 March 2023. The Management Committee confirm that the Annual Report and financial statements of the Charity comply with the current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Since the Charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

Financial review

Having weathered the storm of the global Covid pandemic, like many NGOs, the charity has gone on to face the consequences of the global economic downturn, following Russia’s invasion of Ukraine in February 2022.

However, despite the escalation in energy prices, cost-of-living squeeze, higher interest rates and inflation, the Trustees are delighted that the Charity has still been able to secure a substantial amount of multi-year project income; building reserves and helping to ensure the sustainability of the charity for the future. Due to the generosity of our core donors, income for the current year is 23% ahead of prior year. Incoming resources were £1,178,609 (2022: £957,434).

The resources expended in furtherance of the charitable objectives are set out in Note 4 to the Financial Statements and were £1,065,498 (2022: £957,794), reflecting some “catch up” to South Africa based project work following on from the covid pandemic, together with the expansion of our ‘in house’ programmatic work with refugees in the UK. This resulted in a net surplus of £20,586 (2022: deficit £69,908).

As a result, the Charity's reserves at the end of the period were £1,014,732 (2022: £994,146) of which General Unrestricted Funds amounted to £269,326 (2022: £507,003). This includes £36,015 (2022: £47,059) of designated funds, that whilst being unrestricted, are ring-fenced by the Trustees for specific charitable purposes. Whilst General Unrestricted funds have dropped by 47% versus prior year, this is partly due to timing differences and the delayed receipt of one substantial donation into 2023-24.

Using income generated in the period together with brought forward reserves, charitable expenditure was 92% (2022: 93%) of total expenditure, providing further essential investment in the Charity's high impact programmes in HIV/AIDS, healthcare, and trauma resilience in South Africa and the UK.

Structure, governance and management

The Charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 22 January 2001 and is a Charity constituted under this Memorandum, registered Charity number, 1086159.

The One to One Children's Fund strives to help some of the most vulnerable children in the world deal with disease, trauma and disability.

The Trustees confirm that they have complied with the duty in Section 17(5) of the Charities Act 2011, to have due regard to the guidance issued by the Charity Commission on public benefit.

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

MANAGEMENT COMMITTEE'S REPORT (continued)

FOR THE YEAR ENDED 31 March 2023

Organisational structure and decision making

The Management Committee, who are also the Trustees and Directors for the purpose of company law and who served during the year, were:

D S Altschuler Dr J Altschuler E Bell L J Gould ACA G Lubner R Mishcon MVA J M Penkin D Thompson M MacLeod OBE

No Trustee had any beneficial interest in any contract with the Charity during the period. All of the Management Committee are members of the Charity and guarantee to contribute £1 in the event of a winding up. Trustees' liability insurance has been taken out to protect the Charity against losses arising from neglect or default of the Trustees.

Under the Memorandum and Articles of Association, at the first Annual General Meeting all the Trustees shall retire from office and, at every subsequent Annual General Meeting, one third of the Trustees shall retire annually and be eligible for reappointment.

Existing Trustees brief new Trustees on the Charity's aims and objectives. They are given a copy of the Memorandum and Articles of Association along with the latest Financial Statements, minutes of prior Trustees' meetings, and the Charity's risk register and governance framework. They are also given literature about the Charity and directed towards the Charity's website. In addition, they are sent a copy of the Charity Commission's guidelines for Trustees, which will help them to fulfil their role in line with Charity and company law.

Method of appointment or election of the Management Committee

The management of the Charity is the responsibility of the Management Committee who are elected or coopted under the terms of the Articles of Association.

Project Strategy

The Board of One to One Children's Fund includes a Programmes Committee which meets quarterly to review partnerships, programmes and lessons learned, as well as considering new delivery models and programme concepts. New concepts are reviewed against specific criteria to ensure they are in accordance with the charity's strategy and objectives and that the organisation is best placed to respond to the identified need and monitor delivery and impact effectively. The Committee also undertakes project risk management and monitors safeguarding.

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

MANAGEMENT COMMITTEE'S REPORT (continued)

FOR THE YEAR ENDED 31 March 2023

Grant making policies

The charity regularly reviews its project funding needs. All new funding proposals are reviewed by the Programme and Finance and Fundraising Committees and full Trustee Board to ensure that they meet with the charity's strategy and objectives.

Finance and Fundraising Strategy

The Board of One to One Children's Fund includes a Finance and Fundraising Committee, which meets quarterly to review management accounts, cash flow forecasts and fundraising strategy, as well as governance risk management and HR policies.

Executive staff and pay policy

The Executive Chairman, in conjunction with the Executive Director, lead a small team of staff, supported by two senior consultants, advising on programmes and finance / accounting. Staff remuneration is set by the Executive Chair and the Treasurer, aiming to be in line with salaries paid in comparable organisations taking into account experience required. Staff pay is revised annually, when deemed affordable for the Charity.

Investment policy

In accordance with the Memorandum and Articles of Association, the Trustees have the power to invest in such assets as they see fit. The Charity has a policy of keeping surplus liquid funds in short term deposits. This low risk investment policy provides the flexibility in making charitable grants and ensures the Charity has adequate funds to meet ongoing project commitments and administration costs in accordance with its reserves policy.

Activities for achieving objectives

During the year, the charity delivered programmes in South Africa and the UK.

Statement regarding relationship between One to One Children’s Fund and One to One Africa

One to One Africa Children's Fund NPC was incorporated in South Africa in 2014 as an independent, nonprofit company. One to One Children's Fund UK is its parent organisation. The core objective of the charity is the support of children and young people affected by trauma and to relieve the suffering, hardship and neglect they may be experiencing as a result.

One to One Africa focuses on delivering localised, community-led interventions which fill the gaps in care to improve children's access to healthcare and support.

One to One Africa receives funding from One to One Children’s Fund to deliver programmes which have been developed in partnership. The two organisations have a Memorandum of Understanding ratified by both Boards that outlines the nature of the partnership and reporting requirements.

David Altschuler, Co-founder and Chair of One to One Children’s Fund, is the Chair of One to One Africa Children’s Fund NPC, whose Board also includes One to One Children’s Fund Trustees, Jenny Altschuler and Jonathan Penkin and One to One Children’s Fund Executive Director Catriona Fox.

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

MANAGEMENT COMMITTEE'S REPORT (continued) FOR THE YEAR ENDED 31 March 2023

Risk management

The Management Committee has assessed the major risks to which the Charity is exposed, in particular those related to operations and finance, and is satisfied that systems and procedures are in place to mitigate exposure to the major risks.

The Trustees have formalised their risk assessment and governance procedures to include a full review of the risk register, compiled by the Trustees and executive staff at least twice annually.

The register is used as a management tool and risk management is part of all Trustee decisions. As a result, the financial health and operational effectiveness of the Charity is maintained in the best possible state. The Trustees delegate responsibility for day-to-day management of risks to the Executive Chair. The risk register identifies the following significant residual risks after controls and safeguards:

In mitigation, we have a programme to broaden our financial support, and a currency management policy is in place to minimise the currency fluctuation risk. There are regularised meetings between UK and SA staff, UK Trustee representation on the SA Board, and a planned joint UK/SA Committee to be established to ensure accountability, shared mission, and process.

Objectives and Activities

The core objective of the charity is to provide care and support to children and young people affected by trauma and chronic illness, including families living with HIV, and to aspire to help each child reach their potential.

One to One Children’s Fund’s vision is a world where every child has access to care and education to enable them to realise their potential, lead a fulfilling life and feel valued. The Charity’s Mission is to improve the well-being and life chances of children, young people and families affected by dislocation, poverty and chronic illness, such as HIV. It seeks to address core gaps in physical and mental healthcare by developing innovative peer leadership models in neglected and under-served communities, and using local knowledge to build the capacity of those best placed to respond.

One to One Children's Fund focuses on delivering localised, community-led interventions. We identify and fill the gaps in care to improve children's access to healthcare and support and build models at grassroots level, which can, as they become established and impact proven, be adopted and replicated by governments, civil society organisations and local NGOs to ensure sustainability.

We seek to transform short and long term outcomes for young people and build practical and effective pathways to ensure that the future for every participant is a positive one. One to One Children’s Fund aims to be a consistent beacon of good practice in our charitable missions to create delivery models that we can hand over for governments or local NGOs to scale up, embed, and develop and extend so it is ultimately sustainable.

The Charity leverages local knowledge and lived experience and builds the capability of those best placed to respond to the needs of vulnerable children and their families in the community - health professionals, teachers, peer mentors and local civil society organisations. Our key focus currently is on children,

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

MANAGEMENT COMMITTEE'S REPORT (continued)

FOR THE YEAR ENDED 31 March 2023

adolescents and families affected by HIV and associated trauma in South Africa and a programme in the UK working with refugees. Our key delivery partner in South Africa is One to One Africa Children’s Fund who are working side by side with us to develop models that are scalable and replicable. Our approach can be summarized as follows:

We INNOVATE by identifying where crucial gaps exist to pilot new, evidence-based approaches to tackle the greatest risks facing children and young people.

We ESCALATE successful programmes, using a strong evidence base to refine and expand holistic, costeffective interventions into new communities.

We GRADUATE programmes by embedding proven models into local systems and integrating them into government structures or local civil society organisations.

Achievements and Performance

Each project is described more fully on the Charity's website at www.onetoonechildrensfund.org and a summary of the expenditure incurred on these projects is included in note 12 of the Financial Statements.

SOUTH AFRICA PROGRAMME

Enable

The Enable programme - our model for transforming community healthcare in Eastern Cape - trains local women to become Mentor Mothers. Operating in remote and rural areas where there is very limited healthcare, the Mentor Mothers form a trusted source of support to families and provide the most vulnerable expectant mothers and young children with door-to-door healthcare interventions from pregnancy until the child is 5 years old. The key to the Enable model is that it brings healthcare out of the clinic and into last mile communities with our team of community-based Mentor Mothers providing proactive not reactive care.

Enable has been in operation since 2016 and in the last year, we commenced Phase 3 of our Enable project which sees us deepen our impact and expand our reach. We now have a team of 40 Mentor Mothers (including nurse coordinators and supervisors) who delivered healthcare to 5,500 mothers and children living in 31 villages. We have taken on new villages in the last year, which according to the baseline data have considerably worse health outcomes than in the Enable area; demonstrating both the need and impact of our Enable programme.

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

MANAGEMENT COMMITTEE'S REPORT (continued)

FOR THE YEAR ENDED 31 March 2023

Ayanda (26 years) was 4 months pregnant and newly diagnosed with HIV when she was visited by Nokwanda, a Mentor Mother during house-to-house registrations. Realizing that Ayanda was in denial and had not fully accepted her status, Nokwanda enrolled her into the Enable programme and provided ongoing counselling and support. Ayanda was initiated on ART treatment and has adhered to her treatment. In the 5th month of her pregnancy, Ayanda started having complications, the Mentor Mother referred her to Canzibe Hospital. On the 28th October 2022, Ayanda gave birth to two healthy baby boys. Both twins’ PCR tests at birth were negative.

Deepening our impact

As our roots have deepened and our learning has grown out of the Mentor Mother programme, we have been developing a more integrated approach. Improved health outcomes depend on multifactorial influences, and indeed, improved health is just one outcome towards improved life chances for children. In addition, In the last year, we have also launched our two new components of (i) early play learning (ii) mentor brothers and are developing the final component (iii) deepening our work with adolescents.

Working with government to adopt the Enable model

Over the last year, we have been able to make considerable progress towards our strategic goal to expand the Enable model through government adoption. The provincial government has demonstrated a commitment to adopt the One to One methodology for the delivery of community child and maternal

healthcare. We have invested resource to build our relationship with key, relevant government stakeholders in the Eastern Cape. The South African government has been trying to implement a country-wide ward based primary healthcare outreach team (WBPHCOT) strategy, using master trainers to train CHW trainers and mentors. It's been slow to implement and they have been struggling. With our strong relations with

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

MANAGEMENT COMMITTEE'S REPORT (continued)

FOR THE YEAR ENDED 31 March 2023

provincial government, One to One has been able to position itself to provide the solution. In February, One to One made a presentation at a provincial meeting for WBPHCOT team managers. The meeting resolved that One to One's work must be scaled up to cover the whole province. The immediate actions agreed were (1) an Impact Assessment be conducted on the work with the current 8 facilities where One to One is delivering training and support (2) alignment of the One to One training methodology with the community component of the Integrated Management of Childhood Illnesses Training methodology. Crucially, key Managers were identified in the meeting to work on developing the scale up. The next step will be to roll out Enable training to all health facilities in Nyandeni, prioritising the five Wards identified for anti-poverty alleviation, and then the whole Eastern Cape.

The plan is for One to One to train 50 government master trainers in the Eastern Cape who will then cascade the training down to the community health workers (CHWs). We have a team of experienced Mentor Mothers who have been trained to deliver the bulk of the training alongside our programme team and a newly recruited qualified nurse. In order to ensure quality assurance, One to One will also train the clinic facility managers and operation managers, and will provide follow up technical support and visits.

Better Together

The Better Together programme, created by Groote Schuur Hospital (GSH) in partnership with One to One , is one of the first to identify the advantages of bringing together young people who live with HIV and other chronic health conditions, especially when it comes to overcoming the sense of isolation and stigma. Better Together trains peer mentors under clinical supervision to provide peer support to young people living with HIV and other chronic illnesses at Groote Schuur Hospital in Cape Town. One to One is working with Groote Schuur hospital to hone this approach, creating a new model of peer-led support groups that help young people cope with their illness on a physical, psychological and social level.

After significant disruption to activities in our Better Together Programme due to COVID-19, the full range of activities have resumed over the last year.

In the last year, 10 Peer Mentors have delivered sessions to 138 young people through weekly groups and individual counselling. The sessions have become increasingly varied and innovative. Groups now often start with an activity - a karate group or hip-hop dance class have proved particularly popular. These activity-focused sessions often lead to meaningful discussions after the activity is complete. The project has also seen increasing input from the group participants with the young people suggesting their own topics for sessions. All groups continue to be co-facilitated by a psychologist to provide appropriate support and take up issues individually. Even with the return of face-to-face meetings the WhatsApp and Facebook groups continue, and the Peer Mentors also provide support telephonically.

A child experiencing chronic illness impacts the whole family and Better Together also provides parent support groups in waiting rooms and specific support for at-risk families. Economic difficulties faced by the young people have impacted the project with young people, and their parents, struggling to afford transport to get to the hospital. They are cut off from the project and its benefits, often at a time when they need the psychological support the most. As we go forwards we will build some transport costs into the project. There has also been increased demand from young people living with HIV who are in need of peer and mental health support.

In order to understand the impact of Better Together, we have commissioned research to explore the impact of the intervention on adolescents’ resilience, internalised stigma, adherence behaviour and mental wellbeing have been conducted.

Our goal is to expand the impact and reach of Better Together. We have developed a toolkit for replication and this has been shared with organisations in Malawi, Zambia and South Africa and presented at the PATA Summit attended by healthcare workers in 26 sub-Saharan African countries. Technology is key to the scale up of Better Together and a mobile health app has been developed to aid recruitment, capture

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

MANAGEMENT COMMITTEE'S REPORT (continued)

FOR THE YEAR ENDED 31 March 2023

real time data, increase understanding of impact to improve project delivery, and be an information-sharing resource.

UK PROGRAMME

Future Leaders

The Future Leaders Programme is a leadership course specifically for refugees and asylum seekers aged between 18 and 27. We work towards empowering these young people, who have sought sanctuary in the UK, to reach their full potential and contribute positively to their communities. Online workshops, and one-toone mentoring led by inspirational leaders from across the UK help the participants develop a range of new skills and a supportive network, empowering them to support others in their own community. Towards the end of the programme, each participant is teamed up with an experienced professional who will be their coach to take them through a coaching programme run by our partner organisation, CIRCL. Following successful completion of the Future Leaders Course, graduates become a part of a dynamic and diverse network of leaders spread across the UK.

This year, we conducted two leadership cohorts with 30 participants along with various alumni events. 45% of participants were male and 55% were female with an average age of 23 years from 18 different nationalities. We had over 95% attendance rate. Our programme, comprising nine expert-led modules, covers topics including employability skills, creative writing, confidence-building and communication. Our objective is to unlock and develop each participant’s potential. Along with the workshops, students undertake readings and assignments and receive a Certificate in Professional Learning through the CIRCL coaching programme. We received almost 150 applications from young people supported by 37 referral organisations from 43 towns and cities across UK. We incorporate lived experience into our approach by recruiting alumni as interns who assist in managing the programme and contribute insights for our direction and strategy.

In the coming year, we will conduct four cohorts and aspire to leverage the experiences of our alumni by building the network and alumni events.

Joint Refugee Action Network.

Established in 2020, JRAN is an online community supported by One to One, of over 150 organisations aiding displaced people in the UK. Its free membership offers updates, research, and event details to any organisation interested in refugee support. In the last year, JRAN has continued and deepened its activities to further its aims to i) create and develop a community of organisations and individuals within the refugee sector ii) share knowledge, skills and connections, iii) mobilise, strengthen and take joint action to bring about positive change in refugee-related policy and service delivery through shared values. JRAN further expanded its nationwide connections across the refugee sector to include educational institutions, health services, and volunteer groups. Its extensive experience uniquely enables JRAN to unite frontline organisations in providing direct, systemic solutions to refugee challenges. To identify sector needs and strategic gaps, JRAN maintains email communication with its members, event attendees, and Roundtable Forum participants.

Previous forum findings, field experiences, and ongoing relationships with key aid-providing organisations indicate a persistent need for emotional wellbeing support for refugees, families, and trauma victims. In response, JRAN held a series of forums focusing on the emotional wellbeing challenges encountered by displaced people in the UK, and the accessibility of relevant services. One forum report insight emphasised the need to initiate mental health support earlier, given that achieving refugee status in the desired country

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

MANAGEMENT COMMITTEE'S REPORT (continued)

FOR THE YEAR ENDED 31 March 2023

can take over a decade. In response to this, JRAN maintains an online directory of member organisations offering crucial support to new arrivals in the UK.

Going Concern

One to One Children's Fund remains well placed to manage the operational and financial risks it faces. As noted above, despite a difficult fundraising environment, the Charity still managed to increase income by more than 20% this year.

As at 31 March 2023 the Charity had reserves in excess of £1m at £1,014,732, (2022: £994,146). This, together with the continued support and commitment of our major funders have given the Trustees substantial confidence in the Charity’s ability to continue operating into the foreseeable future.

Further, the Trustees have prepared detailed monthly projections, and undertaken sensitivity analysis to demonstrate that the Charity will be able to deal with reasonable downside scenarios. It is on this basis therefore that the Trustees remain confident over the Charity’s ability to continue as a Going Concern.

Reserves policy

The Trustees have adopted a policy that, where possible, a general fund cash reserve covering 3 months running costs of the Charity will be maintained. Three months regular running costs (being staff and ongoing support costs) for this year amounted to just over £177,000. The unrestricted reserves at 31 March 2023 (excluding designated funds and fixed assets) were £188,917. This adequately covers the Charity's reserves policy criteria and provides a cushion for seasonal cash flow fluctuations that impact the organisation from time to time, plus the uncertainty that the charity may now face as a result of unforeseen circumstances, such as the ongoing market impact of the war in Ukraine.

Looking forward

One to One has a three-year strategy 2020 – 2023 to: 1) deepen and expand our existing programmes – Enable, Bright Start and Better Together - in South Africa and 2) build the sustainability of the work by (i) strengthening One to One Africa in its organisation, fundraising and governance capability and (ii) building our relationships with relevant government systems and organisations that will assist with scale-up.

This strategy is reconfirmed but there is a particular focus on building the sustainability of One to One Africa over the next three years with a view to moving the locus of decision-making to South Africa. There is now a stated goal to support One to One Africa to become a sustainable and self-reliant organisation through: 1) Active and successful fundraising; raising 70% of funds directly 2) Impactful child and maternal health projects, partnered with government, with results disseminated and recognised by key stakeholders 3) Appropriately-trained and motivated staff team with adequately resourced head office and projects 4) Good governance and strong process to assure accountability. One to One Children’s Fund will support One to One Africa to build capacity over the next three years and during this transition time will continue to provide strategic and programmatic guidance, financial oversight and fundraising income and networks. All work supported in this financial year was in line with this strategy and in the coming year we will monitor progress against our strategic goals.

THE ONE TO ONE CHILDREN’S FUND

(A charitable company limited by guarantee)

MANAGEMENT COMMITTEE'S REPORT (continued) FOR THE YEAR ENDED 31 March 2023

Management Committee Responsibilities Statement

The Management Committee (who are also directors of The One To One Children's Fund for the purposes of company law) are responsible for preparing the Management Committee's report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland.

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THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE ONE TO ONE CHILDREN'S FUND

OPINION

We have audited the financial statements of The One to One Children’s Fund (the 'Fund') for the year ended 31 March 2023 set out on pages 16 to 31. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

OTHER INFORMATION

The Management Committee are responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statements and our Auditors' report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE ONE TO ONE CHILDREN'S FUND

We have nothing to report in this regard.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

RESPONSIBILITIES OF TRUSTEES

As explained more fully in The Management Committee responsibilities statement, The Management Committee (who are also the directors of the charitable Fund for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as The Management Committee determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, The Management Committee are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless The Management Committee either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

AUDITORS' RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

EXPLANATION AS TO WHAT EXTENT THE AUDIT WAS CONSIDERED CAPABLE OF DETECTING IRREGULARITIES, INCLUDING FRAUD

The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial

THE ONE TO ONE CHILDREN'S FUND IA charltable company limhed by guarantee) INDEPENDENT AUDITORS. REPORTTO THE MEMBERS OF THE ONE TO ONE CHILDREN'S FUND slalemenls may not be detected, even though the audrf( is properly planned and performed in accordance with the ISAS IUKI. In identifying and assessing risks of material misslalemenl in respect of Irregularille$. including fr￿L￿ and non-compliance with laws and regulations, our procedures included the followlng". We obtained an underslandlng of the legal 8nd regulatory frameworks applicable lo the Company and the industry in which il operates. We delemined that the following laws and regu18tions were most significant.. FRS 102 and the Companie8 Act 2006. We obtained an under$landing ol how the Company is complying wf(h Ih08e legal and regulatory frameworks by making enquiries of management, We challenged assumptions and judgments made by management In Ils significant accounllng estimates. We dkl not Identlfy any key audit matters rèlating lo irre9ularrt468, In¢luding fraud. USE OF OUR REPORT This report is made solely lo tha charitable company's trustees. a5 a body, in accordanc8 with Part 4 of the Charlli88 (Accounts and Report81 Regulations 2008. Our audit work has been undertaken so that we might slate lo the charitable company's trustees those matters we are required to 8lale lo them in an Auditors, report and for no olhgr purpose. To the fullest gxtenl permilled by law, wo tjo not accept or assume re5ponsibillly lo anyone other than the charitable company and itts Iruslegs. as a body, for our audlt work, for this report, or ft)r the opinion8 we have formed. Harrls & Trotter LLP Chartered Account8n18 Registered Auditr)rs 101 New Cavendish Street 1 It Flooi SoLth London W1W6XH Dale.. 26 September 2023 Harris & Trotter LLP arg gligible to act as auditors in terms of section 1212 of th• CompanS08 Act 2006. 15

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 March 2023

Statement of Financial Activities

Income:
Donations
Charitable activities
Total incoming resources
Expenditure:
Costs of Raising Funds:
Fundraising costs
Expenditure on Charitable Activities:
Total Charitable Activities
Total expenditure
Net income / (expenditure) and
Net Movement in Funds for the year
Reconciliation of Funds
Total Funds brought forward
Total Funds carried forward
 Year ended 31 March 2023
Year ended
31 March
Unrestricted
Restricted
2023
2022
Fund
Fund
Totals
Totals
Notes
£
£
£
£
2
199,230
301,879
501,109
439,267
3
15,000
662,500
677,500
518,167
___
__
__
_
214,230
964,379
1,178,609
957,434
___
_
_
_
4
92,310
215
92,525
69,548
_
_
_____
_
4
359,597
705,901
1,065,498
957,794
___
_
_
_
4
451,907
706,116
1,158,023
1,027,342
_
_
_____
_
(237,677)
258,263
20,586
(69,908)
507,003
487,143
994,146
1,064,054
___
_
_
_
10-12
269,326
745,406
1,014,732
994,146
_
_
_____
__

All income and expenditure derive from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Notes 10 to 12 to the financial statements.

The notes on pages 20 to 31 form part of these financial statements.

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

BALANCE SHEET AS AT 31 March 2023

Fixed Assets:
Tangible Fixed Assets
Current assets:
Debtors
Cash at bank and in hand
Liabilities:
Creditors falling due within one year
Net current assets
Net Assets
Funds:
Unrestricted funds
Designated funds
Restricted funds		 At 31 March
At 31 March
2023
2022
Notes
£
£
6
44,394
30,520
7
26,628
414,336
1,001,079
616,500
_
_
1,027,707
1,030,836
8
(57,369)
(67,210)
_
_
970,338
963,626
_
_
13
1,014,732
994,146
_
_
10
233,311
459,944
10, 11
36,015
47,059
10, 12
745,406
487,143
_
_
1,014,732
994,146
_
_

THE ONE TO ONE CHILDREN'S FUND {A eh•rttabl• compny Ilmlt•d ty gu•rnnt••) BALANCE SHEET (contlnu•dl A8 AT 31 M•r¢h 2023 The Managemènl Commlttea (who 8r¢ 81•0 the Tru8téa8 and Dlrector8) con8Kler that the Chaiitabl• com￿nY i• antillad to ox•mptlon from tho roquiromant to have an 8udit undor the provi8h)n• of ￿Ct10Th 477 of the Companies Act 20C61"tho Art) relating to •m411 ia)mponle•. H(ywevor, an audit twn eArri8d out nder ￿¢tIOn 44 of the Charitie8 A£t 2011. No m8mb8r8 01 the Man8gem8nt Commhteo hov• r•quIr￿1 the Charltsblg c￿￿pary to obtAln an audit ol its a¢¢ounts for tho year In quo81ton In 8Ctordanc• wlth eadion 476 01 the Comp8ni•s kt 2￿. Th• Man•gem•nl Commltt•o ad(nowledsp rnipon•lbllitl•• lor comptylng wlth tho requlrem•nts ol the Act w￿h rnspoct to ¥c￿Unts.ng record8 and th• pr6p8r•llon ol flnancigl •tOtements. Tho fin8nGlal 8talements have t•8n prepared in occordanc4 wlth th• pfovkgions opplk•bkn to r￿MPon1•S •ubJect to thé •mall c¢)mpanlo• r•glm6 Th• fin•ncl•l •tat•m•nt• W•rn Approv•d and •uthorl••d lor IMu• th• M4n•gThnt C<xnmitt•• on 28 September 2023 and ned on thalr ￿h&ll. ty.. D*vld Alt•chul•r Chalr Law1•n￿ Gould Tr•a8urer Th• Mt•8 on paam 20 to 31 fomi psrt of th￿ finan￿1 8tat•rMnl•. 18-

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

2022 2021
£ £
Net Movement in Funds(as per Statement of Financial Activities) 20,586 (69,908)
Adjustments for:
Depreciation 10,558 11,107
Loss on disposal of fixed asset (868) 117
Interest received - -
(Increase) / decrease in debtors 387,708 (368,777)
Increase / (decrease) in creditors (9,841) (21,643)
__ __
Net Cash generated from Operating Activities 408,143 (449,104)
__ __
Cash flows from investing activities:
Interest received - -
Purchase of fixed assets (35,558) -
(Write off) / Proceeds on disposal of fixed assets 11,994 (2,995)
__ __
Net cash from investing activities (23,564) (2,995)
__ __
Cash flows from financing activities:
Other - -
Interest - -
__ __
Net cash from investing activities - -
__ __
Net increase / (decrease) in cash and cash equivalents 384,579 (452,099)
Cash and cash equivalent at beginning of period 616,500 1,068,599
__ __
Cash and cash equivalent carried forward 1,001,079 616,500
__ __
Cash and cash equivalents can be analysed as follows:
Cash in hand 1,001,079 616,500
______ ______
1,001,079 616,500
__ __

The notes on pages 20 to 31 form part of these financial statements.

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023

1. Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a. Basis of Preparation

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The One to One Children’s Fund is a charitable company limited by guarantee. It is registered in England and Wales (charity number 1086159). The registered office is at 213 Haverstock Hill, Belsize Park, London NW3 4QP.

b. Key Judgements and Assumptions in applying Accounting Policies

There are no key judgements or assumptions used in applying the accounting policies.

c. Company status

The Charity is a company limited by guarantee. The members of the company are the Management Committee named on page 1. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.

d. Preparation of the Accounts on a Going Concern basis

The Trustees have prepared detailed monthly projections, and undertaken sensitivity analysis to demonstrate that the Charity will be able to deal with reasonable downside scenarios. The Charity remains well placed to manage the operational and financial risks it faces from the on-going impact of the Covid-19 emergency, as set out in Management Committee's on page 2 to 12. It is on the above basis therefore that the Trustees remain confident over the Charity’s ability to continue as a Going Concern.

e. Incoming Resources

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. In line with the charity Statement of Recommended Practise (the SORP), where such criteria are satisfied, income is recognised even though funds may have been received in advance of the associated project expenditure.

Donated services or facilities are recognised when the Charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the Charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the value of general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the Charity which is the amount the Charity would have been willing to pay to obtain services

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 March 2023

or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

f. Resources Expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.

Costs of generating funds are costs incurred in attracting voluntary income.

Charitable activities and Governance costs are costs incurred on the Charity's operations, including support costs and costs relating to the governance of the Charity.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year-end are noted as a commitment, but not accrued as expenditure.

g. Staff Pensions

The One to One Children's Fund operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the Charity. Contributions payable in respect of the year were £269 (2022: £512) of which £nil was outstanding as at 31 March 2023.

h. Tangible Fixed Assets

Tangible fixed assets are stated in the balance sheet at cost less depreciation. These items are depreciated on a straight-line basis so as to write off their cost over their estimated useful lives. Small items are written off as an expense as acquired.

Motor vehicle

20% straight line basis

i. Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the net amount prepaid.

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 March 2023

j. Cash and cash equivalents

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

k. Creditors

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

l. Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the Management Committee in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds are those unrestricted funds that have been ‘ring-fenced’ by the Charity – in cases where there is a commitment to spend charitable funds, without first securing restricted income to fund this spend.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

m. Foreign exchange

Transactions denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences arising in the ordinary course of business are included in incoming resources or resources expended. Assets and liabilities denominated in foreign currencies are translated into sterling at the exchange rates ruling at the balance sheet date.

Forward exchange contracts are used to hedge foreign exchange exposures arising on forecast receipts and payment in foreign currencies. These forward contracts are re-valued to the rates of exchange at the balance sheet date and any aggregate unrealised gains and losses arising on revaluation are included in other debtors/other creditors. At maturity, or when the contract ceases to be a hedge, gains and losses are taken to the profit and loss account.

n. Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

o. Operating Leases

Rentals under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 March 2023

p. Interest receivable

Interest held on deposit is included when receivable and the amount can be measured reliably by the Charity. This is normally upon notification of the interest paid or payable by the Bank.

2. Donations

Year ended 31 March 2023
Unrestricted
Fund
Restricted
Fund
£
£
Donations (incl Events)
199,230
301,879
__
__
Total 2022
331,868
107,399

 Year ended
Total
Funds
31 March
2022
£
£
501,109
439,267
__
__
439,267

3. Income from Charitable Activities

Year ended 31 March 2023
Unrestricted
Fund
Restricted
Fund
£
£
Institutional Donors
15,000
662,500
__
__

Total 2022
15,000
503,167
__
__		 Year ended
Total
Funds
31 March
2022
£
£
677,500
518,167
__
__
518,167
__

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 March 2023

4. Analysis of total expenditure

Expenditure
Costs of raising funds:
Event costs
Fundraising & publicity
Charitable activities:
Project Funding
Governance costs:
Foreign exchange (gains) /
losses
Total Charitable activities
Total expenditure 2023
Total expenditure 2022		 Year ended 31 March 2023
Project
Activity
Grants
Payable
Staff
Costs
£
£
-
-
-
47,351
__
__
-
47,351
19,325
497,126
-
-
-
-
__
__
19,325
497,126
19,325
544,477
_ _
143,042
475,261

 Support
Costs
£
-
-
__
-
116,460
11,278
41,226
__
168,964
168,964
__
101,350
 Year ended 31
March 2022
Total
Costs
Total
Costs
£
£
24,609
1,732
67,916
67,816
__
_
92,525
69,548
1,012,994
959,990
11,278
7,446
41,226
(9,642)
__
_
1,065,498
957,794
1,158,023
1,027,342
__
__
1,027,342
 Year ended 31
March 2022
Total
Costs
Total
Costs
£
£
24,609
1,732
67,916
67,816
__
_
92,525
69,548
1,012,994
959,990
11,278
7,446
41,226
(9,642)
__
_
1,065,498
957,794
1,158,023
1,027,342
__
__
1,027,342
Activities
Undertaken
Directly
£
24,609
20,565
__
45,174
380,083
-
-
__
380,083
425,257
__
307,689
 Project
Activity
Grants
Payable
£
-
-
__
-
19,325
-
-
__
19,325
19,325
__
143,042
__
69,548
959,990
7,446
(9,642)
_
957,794
1,027,342
_
Year ended Year ended
31 March 2023 31 March 2022
£ £
Project activity grants payable included grants approved
in the year as follows:
Project activity funding to institutions 19,325 143,042
___ ___
Governance costs
Auditor’s fees 7,571 7,160
Management consultancy 3,707 286
___ ___
11,278 7,446
___ ___

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 March 2023

4. Analysis of total expenditure (continued)

Year ended Year ended
31 March 2023 31 March 2022
Support Costs
Space and Office Costs 18,561 17,894
Management and Personnel Costs 2,681 3,045
IT Costs 2,833 2,341
S Africa office related costs (excl salaries) 76,847 63,783
Other support costs 15,537 16,484
___ ___
Regular Support Costs 116,459 103,546
Foreign exchange (gains) / losses * 41,226 (9,642)
Governance Costs 11,278 7,446
___ ___
Total Support Costs 168,964 101,350
___ ___

* The Charity buys South African Rand to ensure it can meet its commitments in that currency. Failure to buy Rand risks the Charity having insufficient funds to meet its obligations in South Africa. Having bought Rand, Sterling strengthened, such that the Charity made an exchange loss as at 31 March 2023 (gain at 31 March 2022).

5.
Trustees and employees
Staff costs: Year ended
Year ended 31 31 March
March 2023 2022
£ £
Salaries 342,062 274,955
Social security costs 11,091 3,554
Pension scheme contributions 269 512
Consultant, temporary and agency staff 191,055 196,240
____ ____
544,477 475,261
____ ____
The average number of persons employed / contracted Number Number
during the year was:
UK 3 4
S Africa 58 44
____ ____
61 48
____ ____

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 March 2023

The Trustees and persons connected with them have not received or obtained any remuneration or other financial benefits for the period, either directly or indirectly from The One to One Children’s Fund (this including no reimbursement of expenses / travel expenses in either this financial year nor the prior year). The Charity considers its key management personnel to now comprise the Trustees, the Executive Chair, Deputy Executive Director, South Africa Country Director. The total contracted payments of the key management personnel were £113,881 (2022: £121,037). No employees had employee benefits above £60,000 (2022: none).

6. Tangible fixed assets


Tangible fixed assets
Motor Computers Total
Vehicles
£ £ £
Cost
Balance at 1 April 2022 51,963 2,853 54,816
Additions 35,558 - 35,558
Disposals (27,863) (2,682) (30,545)
Assets written off
Foreign exchange differences (6,413) (171) (6,584)
______ ______ ______
Balance at 31 March 2023 53,245 - 53,245
______ ______ ______
Accumulated depreciation
Balance at 1 April 2022 21,443 2,853 24,296
Charge for period 10,236 - 10,236
Disposals (20,824) (2,663) (23,487)
Assets written off
Foreign exchange differences (2,004) (190) (2,194)
______ ______ ______
Balance at 31 March 2023 8,851 - 8,851
______ ______ ______
Net book value at 31 March 2023 44,394 - 44,394
______ ______ ______
Net book value at 31 March 2022 30,520 - 30,520
______ ______ ______
7.
Debtors
At
Trade Debtors
Accrued income
Prepayments
 31 March
2023
At 31 March
2022
£
£
-
203,878
17,009
185,289
9,619
25,169
_
_
26,628
414,336
_
__

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 March 2023

8.
Creditors
amounts falling due within one year At 31 March At 31 March
2023 2022
£ £
Trade Creditors 27,249 32,344
Taxation and social security - -
Accruals and Other Creditors 30,120 34,866
____ ____
57,369 67,210
____ ____
9. Operating Lease Commitments
Land & Buildings
At 31 March At 31 March
2023 2022
£ £
Expiry Date:
Within 1 year 19,022 17,136
Within 2 and 5 years 8,487 7,140
____ ____
27,509 24,276
____ ____

Operating lease charges totalling £20,096 (2022: £20,354) were expensed during the period in both the UK and South Africa.

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 March 2023

10. Statement of Funds

Balance at Incoming (Outgoing) Balance at
1 April 2022 Resources Resources Transfers 31 March
2023
£ £ £ £ £
Unrestricted Funds 459,944 214,230 (405,863) (35,000) 233,311
Designated Funds 47,059 - (46,044) 35,000 36,015
Restricted Funds 487,143 964,379 (706,116) - 745,406
___ ___ ___ ___ ___
Total 994,146 1,178,609 (1,158,023) - 1,014,732
___ ___ ___ ___ ___
The Unrestricted Income Funds are classified as follows: At 31 March At 31 March
2023 2022
£ £
Unrestricted Funds 233,311 459,944
Designated Funds 36,015 47,059
_ _
Total 269,326 507,003
_ _

11. Designated Funds

Designated funds are those unrestricted funds that have been ‘ring-fenced’ by the Charity – in cases where there is a commitment to spend charitable funds, without first securing restricted income to fund this spend.

Balance at
Incoming		 Eligible Project activity Balance at
1 April 2022 Resources Transfers paid & payable 31 March
2023
£ £ £ £ £
Innovation fund – UK 39,324 - - (39,324) -
Innovation fund – South Africa 7,735 - - (6,720) 1,015
iThemba Fund for Enable Mobile Clinic - - 35,000 - 35,000
___ ___ ___ ___ ___
Total 47,059 - 35,000 (46,044) 36,015
___ ___ ___ ___ ___

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 March 2023

12. Restricted Funds

Restricted funds are accounted for in accordance with the particular terms of trust arising from the wishes of donors in so far as these are intended to be binding on the Trustees. Where any such wishes are not intended to be legally binding, they are taken into account and recognised in appropriate alternative funds, as indicated as transfers in the table below.

Balance at Incoming Eligible Project activity Balance at
1 April 2022 Resources Transfers paid & payable 31 March
2023
£ £ £ £ £
Enable, South Africa 326,165 726,871 (114,230) (558,143) 380,663
Better Together, South Africa 2,126 150,408 - (52,169) 100,365
Bright Start, South Africa 1,212 - - (149) 1,063
South Africa Fund 85,453 50,000 114,230 (47,547) 202,136
One London, UK 70,232 30,100 - (41,857) 58,475
Other 1,955 7,000 - (6,251) 2,704
___ ___ ___ ___ ___
Total 487,143 964,379 - (706,116) 745,406
___ ___ ___ ___ ___

13. Analysis of the Charity’s net assets by Fund

Unrestricted Designated Restricted Total
Fund Fund Funds Funds
£ £ £ £
Fund balances at 31 March 2023 are
represented by:
Tangible Fixed Assets 44,394 - - 44,394
Debtors 26,628 - - 26,628
Cash at bank and in hand 219,658 36,015 745,406 1,001,079
Creditors: amounts falling due within one year (57,369) - - (57,369)
_ ______ _ _
233,311 36,015 745,406 1,014,732
_ ______ _ _

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 March 2023

14. Taxation status and Gift Aid

The One to One Children’s Fund is a registered charity and no taxation is payable on its income arising in the United Kingdom from its charitable activities.

15. Related Party transactions

During the year to 31 March 2023, The One to One Children's fund gratefully received donations from a number of Trustees, Trustee family members and organisations to which Trustees are connected. Donations were also received from other related parties, including individuals and organisations connected to the Charity's audit firm, Harris and Trotter LLP.

The total amount received from related parties amounted to £719,300 (2022: £218,200)

These accounts are prepared to consolidate the results of One to One Children's Fund in the UK with the financial records for One to One Africa Children's Fund. One to One Africa Children's Fund NPC was incorporated in South Africa in 2014 as an independent, non-profit company. One to One Africa delivers lifesaving and life-enhancing programmes to vulnerable children, families and communities, developed with and on behalf of One to One Children's Fund. The two organisations have a Memorandum of Understanding ratified by both Boards that outlines the nature of the partnership and reporting requirements. David Altschuler, Co-founder and Chair of One to One Children’s Fund, is also the Chair of One to One Africa Children’s Fund NPC, whose Board also includes One to One Children’s Fund trustee Jenny Altschuler and One to One Children’s Fund Executive Director, Catriona Fox.

16. Summary of Project Activity Grants Payable

Summary of Project Activity Grants
Africa
Connect Malawi - Yoneco
Connect Malawi - PATA
Better Together
Other
UK – One London
Total Project Activity Grants Payable		 2023
£
2022
£
-
44,810
-
44,162
19,325
12,305
19,325
101,278
-
41,764
19,325
143,042

THE ONE TO ONE CHILDREN’S FUND (A charitable company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 March 2023

17. Comparative 2022 Statement of Funds

Balance at Income Balance at
1 April 2021 / (Expenditure) 31 March 2022
£ £ £
Unrestricted Funds 405,923 54,021 459,944
Designated Funds 163,218 (116,159) 47,059
Restricted Funds 494,913 (7,770) 487,143
___ ___ ___
Total 1,064,054 (69,908) 994,146
___ ___ ___

18. Comparative 2022 Analysis of the Charity’s net assets by Fund

Unrestricted Funds Unrestricted Funds
Unrestricted Designated Restricted Total
Fund Fund Funds Funds
£ £ £ £
Fund balances at 31 March 2022 were
represented by:
Tangible Fixed Assets 30,520 - - 30,520
Debtors 154,081 - 260,255 414,336
Cash at bank and in hand 339,045 47,059 230,396 616,500
Creditors: amounts falling due within one year (63,702) - (3,508) (67,210)
_ ______ _ _
459,944 47,059 487,143 994,146
_ ______ _ _