Reglstsred number: 04145357 Charity number: 1086159 THE ONE TO ONE CHILDREN'S FUND (A charitable company limited by guarantee) MANAGEMENT COMMirrEE'S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024
THE ONE TO ONE CHILDREN'S FUND IA charitable company limited by guarantee) CONTENTS Reference and administrative details of the Charity. its trustees and advisers Management Committee's rgport Independent 8uditors' report 11 ststement of financial activitles 14 Balance sheet 15 Statement of cash flow8 17 Notes to the financial statement8 18
THE ONE TO ONE CHILDREN'S FUND IA charitable company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. IT'S TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 March 2024 Management Commlttee & Trustees D S Altschuler Dr J Altschuler E Bell L J Gould ACA G Lubner J M Penkin R Mishcon MVA D Thompson M MacLeod OBE Executlve Chairman D S Altschuler Honorary Treasurer L J Gould ACA Webslte www.onetoonechildrensfund.org Telephone 0207 317 7040 Emall admin@onetoonechildrensfund.org Charity registered number 1086159 Company reglstered number 04145357 Principal address and reglstered offlce 213 Haverstock Hill Belsize Park London NW3 4QP Independent audltors Harris & Trotter LLP Chartered Accountants and Registered Auditors 101 New Cavendish Street 1 $1 Floor South London W1W6XH Bankers HSBC Bank plc 1 Central Circus Hendon London NW4 3JU
THE ONE TO ONE CHILDREN'S FUND IA charitable company limited by guarantee) MANAGEMENT COMMITTEE'S REPORT FOR THE YEAR ENDED 31 March 2024 The Management Committee present their annual report together with the audited financial statements for the period from 1 April 2023 to 31 March 2024. 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 IFRS 102) {effective 1 January 2019). Since the Charlty qualifies as small under section 382, the strategic report required of medium and large companies under The Companies Act 2006 {Strategic Report and Directors, Report) Regulations 2013 is not required. Financlal revl•w Multi-year project incorne from Instltutional donors has more than doubled this year and regular donation income has also been maintained at a level in line with the previous year too. As a result, total incoming r&sources were £1,885, Jf9812023.' £1,178,609j. The resources expended In furtherance of the charitable objectives are Set out in Note 4 to the Financial statements and were £1,273,822 (2023.. £1,065,498), reflecting the expansion of our South Africa based project work. This has resulted in a net surplus of £495,096 (2023.. surplus £20,586) As a result, the Charity's reserves at the end of the period were £1,509,82812023.' £1,014,732) of which General Unrestricted Funds amountetj to £265,314 {2023'. £269,326) and Restricted Funds amounted to £1,244,514 {2023.' £745,406) Whilst General unstrICted funds have dropped slightly, this is partly due to timing differences with our fundraising activities. It is pleasing to note that reserves were boosted significantly again following on from the succes5 of the Charity's Stardust fundraising dinner, held shortly aft8r the year- end in June 2024. Using income generated in the period together with brought forward reserves, charitable expenditure was 920kn {2023.' 92D/ol of total expenditure, providing further essential investment in the Charity's high impact programmes in HIVIAIDS, healthcare, and trauma resilience in South Africa and the UK. Structure, governance and management The Charity is registered as a charitable company Iimrted 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 slrives 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 17151 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 2024 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 Charily 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. Underthe Memorandum and Articles ofAs50ciation, at thefirst Annual General Meeting all the Trustees shall retire from office and, at every subsequent Annual General Meets'ng, 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. The trustees holds meetlngs throughout the year where strategies and decisions regarding fund-raising and finance updates are agreed. Method of appolntment or electlon of tho Management Commlttee The manag6ment of the Charity is the responsibility of the Management Committee who are elected or ¢o- opted under the terms of the Articles of Association. Project Strategy The Board ofone to One Children's Fund includes a Programmes Committee which meets quarterlyto 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 COMMirrEE'S REPORT (contlnued) FOR THE YEAR ENDED 31 MARCH 2024 Grant maklng pollcles The charity regularly reviews its project funding needs. All new funding proposals are reviewed by the Programmes and Finance & Risk Committees and full Trustee Board to ensure that they meet with the Gharity's strategy and objectives, Flnance and Fundraising Strategy The Board of One to One Children's Fund includes a Finance & Rlsk Committee and Fundraising Committee, which meet quarterly to review management accounts, cash flow forecasts and fundraising stralegy, as well as governance risk management and HR policies. Executlve staff and pay policy The Executive Chairman, in conjunction with two co-Executive Direclors, lead a small team of staff, supported by two senior consultants, advising on programmes and finance l accounting. Staff remuneration is set by the Executive Chair and the Treasurer, aiming lo 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 pollcy 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 ndS in short term deposits. This low risk investment policy provides 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. Actlvltles for achieving objectlves During the year, the charity delivered programmes in South Africa and the UK. Statement regardlng relatlonship between One to One Chlldren's Fund and One to One Afrlca One to One Africa Children's Fund NPC was incorporated in South Africa in 2014 as a non-profit 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 delivers localised, community-led interventions that address the core gaps in healthcare, education and psychosocial support in the m05t neglected and under-senied communities in South Africa, One to One Africa receives funding from One to One Children's Fund to deliver programmes which have been developed in partnership. The two organisation5 have a Memorandum of Understanding ratified by both Boards that outlines the nature of the partnership and reporting requirements.
THE ONE TO ONE CHILDREN'S FUND (A charitable company limited by guarantee) MANAGEMENT COMMIThEE'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 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 CoThExecutive Director Catriona Fox. Risk management The Management Committee has assessed the major risks to whlch 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 Charily is maintained in the best possible slate. 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.. over-reliance on a small number of key donors currency fluctuation5 andlor inflation creating resource shortralls which may impact delivery of programmes accountability gaps and communication issues beeen One to One Children's Fund and One to One Africa In mitlgatlon, 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 regular meetings beeen UK and SA staff, UK Trustee representation on the SA Board, and joint UK I SA Committees to ensure accountability, shared mission, and process. Objectlves and Actlvltles 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 Mlssion is to improve the well-being and life chances of chi Idren, young people and families affected by dislocation, poverty and chronic illness, such as HIV. 11 seeks lo address core gap5 in physical and mental healthcare by developing innovative peer leadership mode15 in neglected and under-served communities, and using local knowledge to build the capacity of those best placed lo 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 15 ultimately sustainable.
THE ONE TO ONE CHILDREN'S FUND {A charitable company limlted by guarantee) MANAGEMENT COMMITTEE'S REPORT (continued FOR THE YEAR ENDED 31 MARCH 2024 The Charity leverages local knowledge and lived experience and builds the capability cf 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, adolescents and families affected by HIV and associated trauma in South Africa and we also have programme in the UK working with refugees. Our 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. Achievom•nts and Performancg Each project Is described more fully on the Charity's website al www.onetoonechildrensfund.or anda summary of the expenditure incurred on these projects is included in note 12 of the Financial Statements. SOUTH AFRICA PROGRAMMES Enable has multiple 5ub-programmes which work together utillsing the skills of local Mentors, and a team of trainers and supervisors, all working through central management at One to One Africa Scale up of the Enab19 model with local.qovemment adoption Post the year end we have Secured an MOU with the Eastern Cape Department of Health and a commitment to train all Community Health Workers in the Eastern Cape in our Enable Mentor Mother and Enable Play Learning methodology. By 2027, the plan is for all 3,100 Community Health Workers to be trained and delivering door-to-door proactive healthcare that focuses on building trusted relationships and treats maternal and child health within a holistic context. reaching 300,000 - 350,000 people, This is a fantastic endorsement of our Enable projects and will embed change within the whole Eastern Cape health system and lays a pathway to scale in other Provinces in South Africa and beyond. Enable Mentor Mothers The Enable Mentor Mothers programme targets the most vulnerable- expectant mothers and children up lo the age of five - through household visits in rural areas of the Eastern Cape. These families live in poverty in remote, rural areas of Eastern Cape. South Africa where acce5S to medical services is severely limited and health outcomes are some of the worst in the country. One to One empowers local women to become Mentor Mothers, equipping them with skills and knowledge to provide life-saving interventions. In the last year, the team of 30 Mentor Mothers have delivered antenatal and postnatal care, baby weighing, immunisation referrals, deworming tables, nulritional advice, birth registration and child support grants, referrals and transport to clinics and advocating for clients to receive the right medical care. They have delivered these vital house-to-house healthcare interventions to over 2,000 mothers and children. Set out below is a snapshot of our impact.. and highlights the interlinkages beeen povety, infrastructure and poor health to improve health and life chances Neighbouring areas without Enable Enable Project Area 30 0/0 HIV transrnission from mother lo child 40Q/o of pregnant women know their HIV status 470/0 of pregnant women attend all antenatal care appointments Almost O % HIV transmission from mother to child 1 bab after more than 1,700 births 97 % of pregnant women know their HIV status In 2016 it was 760/0 580kn of pregnant women attend all antenatal care appointments In 2016 it was 270/0 940k of HIV positive mothers adhering to ART treatment in 2016 it was 47% 570kn of HIV positive mothers adhering to ART treatment
THE ONE TO ONE CHILDREN'S FUND (A charitable company limited by guarantee) MANAGEMENT COMMITTEE'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 72 % of children aged 0 - 6 months have full birth and immunisation records 920/0 of children aged 0 - 6 months have full birth and immunisation records in2016 itwas 34% 950/0 of children born with low birth weight rehabilitated back to health 240/0 of children born with low birth weight rehabilitated back to health Enable Early Play Learning (EPLJ Early childhood is a critical stage of development that forms the foundation for children's future learning, relationships and wellbeing Poverty, poor nutrition, and living in an Hlv-affected household, experiences common to the majority of families we work with. are all factors that can contribute to developmental delays.. In the last year, a team of 5 EPL Mentor Mothers have delivered positive parenting, literacy and play learning sessions to 600 caregivers. The responsive caregiving sessions cover essential topics such as self-esleem. recognising the uniqueness of children, establishing connections, and strategies for building resilience and managing stress. The literacy sessions are equally productive, utilising books to explore themes such as vocabulary building. making connections, understanding numbers and comparisons. Caregivers have reported that their children have leamed to count, differentiate beeen sizes and recognise colours as a result of the sessions. They have also noted improved communication with their children that lead to stronger bonds and understandina. Wa were also able to distribute food parcels lo 60 caregivers in our programme. Baby Ubuntu 15 members ofthe Enable team including Mentor Mothers, Enable Play Leaming, Male Engagement, and Youth Champions teams, underwent comprehensive training on the Baby Ubuntu intervention to better identify and support infants (0-2 years) wilh developmental disabilities. It is an important complement to our core Mentor Mother and Enable Play Learning modules of Enable. Group sessions are scheduled to commence in mid-2024, focusing on community group sessions tailored for parents with children living with disabilities. Enable Adolescents 18 % of the Mentor Mothers, clients are adolescent mothers, HIV continues to be a serious challenge and opportunities for young people are limited. Chronic poverty and food insecurity is severely affecting the life chances of the young people in the project. The Enable adolescents, programme is now operating with 350 young people living with chronic conditions and 190 young people without chronic conditions now actively engaged. Enable Youth Champions play a vital role in supporting adolescents to ensure access to sexual and reproductive health {SRHI services, promote life skills, and enhance antiretroviral treatment adherence. The Programme Coordinator and Social Worker provide crucial psychosocial support through home visits. with most referrals focusing on social protection needs such as obtaining IDS and social grants. and addressing issues like domestic abuse and neglect. One to One's work with young people in the Eastern Cape building on our ground-breaking Better Together partnership for young people living with chronic illnesses, at Groole Schuur Hospital, Cape Town which has recently been published in the Journal of the International AIDS Society. Enable Mentor Brothers Over the last year, 10 dedicated Mentor Brothers have reached out to 1,371 men living in 17 villages through both group sessions and individual engagement over the last six months to tackle gender norms and promote equality The impact of the programme has been reported as increased involvement in household chores, improved communication with children and partners, enhanced relationships with spouses, and a notable reduction in drug and alcohol abuse Enable Mobile Clinic A significant achievement in the last year is the initiation of the Enable Mobile Clinic, which extends our services to some of the most remote parts of the Easten Cape. In the first three months of operation, the mobile clinic provided a range of services including HIV, nutrition, vaccination and health screening to over
THE ONE TO ONE CHILDREN'S FUND (A charltable company limited by guarantee) MANAGEMENT COMMirrEE'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 2,000 clients in 20 different locations across the district. The mobile clinic is equipped with a professional nurse, a Senior Mentor Mother, and a driver. It is the first mobile clinic to provide the full suite of HIV care and management- within this one mobile clinic people can be tested, know their status, be initiated onto ART, collect their ART and receive access to support. As part of the partnership with the Department of Health, the Mobile Clinic is recognised as a fully-functioning clinic and benefits from the provision of medical supp5ies and pharmaceuticals from the DOH District Pharmacy at no cost. Groote Schuur Hospital, Better Togethor Better Together, created by Groote Schuur Hospital in partnership with One to One Children's Fund, provides a weekly open, facilitated group available to all adolescents who are living with a chronic illness. The regularity of the group which is held 'same time, same place, means that it is a reliable, safe space for adolescents to access when they need extra support, feel alone or need to socialise with peers. Groups are led by trained peer mentors, clinicians, or volunteers with specialist training le.g. a drafna therapist). Topics addressed not only relate to living with a chronic illness but more often deal with sexual health, self-esteem and relationships. The key concept is to highlight shared experience and develop shared support among adolescents with diverse conditions. 20 Peer mentors have been selected from their clinics and provided with training and ongoing supervision. In the last year, they have played a 'big brotherl sister. role to 258 individuals within their clinics, as well as facilitating the weekly groups. Outside of the h05Pltal, they use telephone and online support lo stay in touch with adolescents. A sessional social worker and life coach trains and offers ongoing supeNision to the peer mentors, as well as providing individual sessions with adolescents and their families in need of mental health support. Caregivers are also invited to join a facilitated 'coffee club" support group in the waiting room of the clinic. UK PROGRAMME Future Leaders The Future Leaders Programme 15 a transformative journey for young indlviduals aged 18 27 who have sought sanctuary in the UK, It offers them the tools, confidence, and guidance they need to unlock their potential and become change-makers in their communities. In the last year, Future Leaders ran five three-month leadership programmes where 75 young people participated in weekly online workshops facilitated by industry experts on topics including goal setting, employability, storytelling, and entrepreneurship. Participants represented refugees and asylum seekers from 40 different nations from Ukraine to Eritrea, South Sudan to Afghanistan and Iran, with 440k female and 560 male. 95¥0 of participants reported being more confident in navigating life in the UK Since completing the Programme,1000/o reported feeling more resilient and able lo withstand a shock in their lives since completing one of our programmes and 86 /. felt that they had a clear plan for the next two years of their life since graduating from a Future Leaders programme. The Future Leaders Alumni NeIOrk, now made up of 150 graduates, provides ongoing opportunities for growth, connection and support. Monthly alumni events are held and in the last year, Future Leaders has collaborated with The National Theatre, London Zoo, Birkbeck University and the Almeida Theatre among others and taken a trip to Snowdonia wtth Moving Mountains. Joint Refugee Action Network In 2020. One to One Children's Fund facilitated over 150 other organisations to create an online community to aid diSplad people in the UK and lo deliver roundtable forums that aimed to provide direct, systemic solutions to refugee challenges. In the last year, One to One worked in partnership with HIAS+JCORE on JRAN and in March 2024 moved all operations over to be housed in HIAS+JCORE.
THE ONE TO ONE CHILDREN'S FUND IA charitable company Ilmft8d by guarantee) MANAGEMENT COMMITTEE'S REPORT (continued FOR THE YEAR ENDED 31 MARCH 2024 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 Charily managed to increase income by almost 60 % this year. As at 31 March 2024 the Charity had reserves in excess of £1.5m at £1,509,828, (2023.. £1,014,732). Thls, together with the continued support and commitment of our major fundérs has given the Trustees substantial confidence in the Charlty's ability to continue operating into the foreseeable future. Further, the Trustees have prepared delailed monthly projectlons, and undertaken sensitivity analysis to demonstrate that the Charity will be able lo deal with reasonable downside scenarios. It is on this basis therefore that the Trustees remain confident over the Charity's ability lo continue as a Going Concern. Reserves pollcy The Trustees have adopted a policy that, where possible, a general fund cash reserve covering 3 months running costs ofthe Charity will be maintained. Three months regular running costs (being staff and ongoing support costs) for this year amounted to just over £245,000. The unrestricted reserves at 31 March 2024 (excluding designated funds and fixed assets) were £165,254. Whilst this level of free reserves was below target, it reflects seasonal cash flow fluctuations linked primarily to bi-annual fundraising initiatives. The charity's Stardust event held shortly after the year-end in June 2024 was a huge success and boosted unrestricted reserves to such an extent that the reserves target is now more than covered again. Looking forward This year, One to One Children's Fund strategy was reviewed and the strategy is 11 deepen and expand our existing programmes in South Africa- Enable 21 build the sustainability of the work by li) strengthening One to One Africa in its organisation, fundraising and governance capability and lill bui5ding our relationships in South Africa with relevant government systems and organisations that will assist with scale-up. A focus in the coming year will be on fulfilling the strategy to build ihe sustainability of One to One Africa with a view to moving the focus of decision-making to South Africa by 2026. One to One Children's Fund will work with One to One Africa to build capacity so that by 2026, OTOA is a sustainable and self-reliant organisation through.. 11 Active and successful fundraising., raising the majority of funds directly 21 Impactful child and matemal health projects, partnered wilh 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. Considerable progress was made in the last year to build relationships with relevant government systems to assist with the scale-up of Enable and in the coming year, a clear priority is to sign an MOU with the Eastem Cape Department of Health and to start the roll out of training to government Community Health Workers in the Enable methodology. 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 Ilmlted by guarante81 MANAGEMENT COMMITTEE'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 Management Committee Responslbilitles Statement The Management Committee (who are also directors of The One To One Children's Fund for the purposes of company lawl are responsible for preparing the Management Committee's report and the financial stalemenls 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. Company law requires the Management Committee to prepare financial statements for each financial year. Under company law the Management Committee must not approve the financial slatemenls, unless they are satisfied that they give a true and fair view of Ihe state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the ¢haritabSe company for that period. In Preparing these financial statements, the Management Committee are required to.. select suitab18 accounting policies and then apply them consislently.. observe the methods and principles in the Charities SORP., make judgments and accounting estimates that are reasonabl8 and prudent., state whether applicable UKAccounting Standards have be8n followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unle55 It is inappropriate to presume that the charitable company will continue in operation. The Management Committee are responsible for keeping adequate accounting records that are sufficient lo show and explain the charitable company's transaclions and disclose with reasonable accuracy. at any lime the financial position of the charitable company, and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Management Committee are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Dlsclosure of Informatlon to Auditors Each of the persons who are Trustees al the time when this Management Committee's report is approved has confirmed that.. so far as that The Management Committee are aware. there is no relevant audit information of which the charitable company's auditors are unaware, and that The Management Committee have taken all the Steps that ought to have been taken as The Management Committee in order to be aware of any relevant audit information and to eslabli5h thal the charitable company's auditors are aware of that information. Approved by the Management Committee, on 9th December 2024 and signed on their behalf by.. D S Altschuler 10
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 Ithe'Fund'} for the year ended 31 March 2024 set out on pages 17 to 32. 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.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure for the year then en¢Jed', have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charities Act 2011. BASIS FOR OPINION We conducted our audit in accorvari i etaildards on nuditing {JKI IISAS {UKI> 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.. The Management Committee use of the going concern basis of accounting in the preparation of the financial statements is not appropriate., or The Management Committee have not disclosed in the financial statements any identlfied material uncertainties that rnay cast significanl doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least e1ve months from the date when the financial statements are authorised for issue. 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 Audilors, report thereon. Our opinion on the financial statements does not coverthe 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 statemenls 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 mat8rial 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. 11
THE ONE TO ONE CHILDREN'S FUND IA 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.. the infomiation given in The Management Committee report Is inconsistent in any material respect with the financial statements., or sufficient accounting records have not been kept; or the financial statements are not in agreement with the accounting records and returns; or we have not received all the information and explanations we require for our audit, RESPON5181LITIES 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 Committe8 determine is necessary to enable the preparation of financial statemeii ts that ai e fri ee ilvi I I na&eriai I I iiSSta&ement, 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 Charitles 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 staternents as a whole are free from material misstatement, whether due lo fraud or error, and to Issue an Auditors, reportthat includes our opinion. Reasonable assurance Ss 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 ofthese 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.uklauditorsresponsibilities. 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 asse5S the risk5 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 statements may not be detected, even though the audit is properly p5anned and performed in accordance with the ISAS (UK). 12
THE ONE TO ONE CHILDREN'S FUND (A charitable company Ilmlted by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE ONE TO ONE CHILDREN'S FUND In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following.. We obtained an understanding of the legal and regulatory frameworks applicable to the Company and the industry in which it operates. We determined that the following laws and regulations were most significant.. FRS 102 and the Companies Act 2006. We obtained an understanding of how the Company is complying with those legal and regulatory frameworks by making enquiries of management. We challenged assumptions and judgments made by management in its signlficant accounting estimates. We dld not identify any key audit matters relating to irregularlties, includlng fraud. USE OF OUR REPORT This report is made solely to the charltable company's trustèes, as a body, in accordance with Part 4 of the Charities {Accounts and Reports) Regulations 2008. Our audit work has been undertak8n so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than th8 charilable company and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed. Harrls & Trotter LLP Chartered Accountants Registered Auditors 101 New Cavendish Street 1 $t Floor South London W1W6XH Date.. 9th December 2024 Harris & Trotter LLP are eligible lo act as auditors in terms of section 1212 of the Companies Act 2006. 13
THE ONE TO ONE CHILDREN'S FUND (A charltable company limited by guarantee} STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Year ended 31 March 2024 Year ended 31 Mah 2023 Totals Statement of Finan¢lal Actlvltles Unrestrlcted Restrlcted Fund Fund 2024 Totals Notes Income: Donations Charitable activities 352,700 100.000 145,361 498,061 1,287,537 1,387,537 501,109 677,500 Total incoming resources 452,700 1,432,898 1,885,598 1,178,609 Ex endlture: Costs of Ralslng Funds: Fundrai8iTrg costs i i 0,680 116.680 92,525 Expenditure on Charltable Activltles: Charitable Activities 340,032 933,790 1,273,822 1,065,498 Total expendlture 456,712 933,790 1,390,502 1,158,023 Net income I lexpendlturel and N6t Movement In Funds for the year (4,012) 499,108 495,096 20,586 Reconclllatlon of Funds Total Funds brought forward 269,326 745,406 1,014,732 994,146 Total Funds ¢arrled forward 10-12 265,314 1,244,514 1,509,828 1,014,732 All income and expenditure derive from continuing activities. There were no other recognised gains or losse5 olher than those ststed above. Movements in funds are disdosed in Notes 10 to 12 to the financial statements. The notes on pages 18 to 29 form part of these financial statements. 14-
THE ONE TO ONE CHILDREN'S FUND IA charitable company limlted by guarantee) BALANCE SHEET AS AT 31 MARCH 2024 At 31 March 2024 At 31 March 2023 Notes Flxed Assets: Tangible Fixed Assets 99,126 44,394 Current assots: Debtors Cash at bank and in hand 88,568 1,420,275 26.628 1,001,079 1,508,843 1,027,707 Liabilltle8'. Creditors falling due within one year (98,141) (57,3691 Net current assets 1,410,702 970,338 Net Assets 13 1,509,828 1,014,732 Fund$: Unrestricted funds Designated funds Restricted funds 10 10, 11 10, 12 264,380 934 1,244,514 233,311 36,015 745,406 1,509,828 1,014,732 15
THE ONE TO ONE CHILt)REN'S FUND (A charitable company limited by guarantèe) BALANCE SHEET (continu8dl AS AT 31 MARCH 2024 The Management Commrttee Iwtto are a150 the Trustees and Difectorsl consider thal the Charitable Company is entled to exemption from the requirement to have an audit under the provisions of section 477 of the Companles Act 2006 {"the Act") relating to sm811 companies. H¢Jwever, an audit has been carried out under section 144 of the Charrties Act 2011. No members ofthe Management Committee hav8 required Ihe Charitable Company to obtsin an audit of its accounts for the y8ar in question in accordance with section 476 of the Companies Act 2006, The Management Commillee acknowledge Fts responsibilities for complying with the requirements of the Act with respect to accounting records and Ihe preparation of financial statements. The financial staiements have been prepared in a¢coidance with the provisions applicable to companies suty'ect to the small companies regime. The financial statements were approved and authorised for issue b 9th December 2 24 and signed on their behalf, by: anagement Committea on David Altschuler Chair Lawrence Gould Treasurer Tha notes on pages 1810 29 fonn part of these financial statements. 16
THE ONE TO ONE CHILDREN'S FUND (A charitable company Ilmlted by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Net Movement In Funds (as per Statement of Financial Activities) 495,096 20,586 Adjustments for: Depreciation Loss on disposal of fixed asset Interest received {Increase} I decrease in debtors Increase l (decrease) in creditor8 15,744 10,558 1868) (61,9401 40,772 387,708 (9,841) Net Cash generated from Operatlng Actlvltles 489,672 408,143 Cash flow8 from Investing act!vlt!eo: Purchase of fixed assets (Write offj I Proceeds on disposal of fixed assets (74,0011 3,525 (35,558) 11,994 Net cash from investing actlvities {70,476) (23,564) Cash flows from flnancing actlvltles". Net increase I Idecrease) In ca8h and cash equlvalents 419,196 384,579 Cash and cash equlvalent at beginning of period 1,001,079 616,500 Cash and cash equlvalent carrled forward 1,420,275 1,001,079 Cash and cash equivalants can be analysed as follows: Cash in hand 1,420,275 1,001,079 1,420,275 1,001,079 The notes on pages 18 to 29 form part of these financial ststements. 17-
THE ONE TO ONE CHILDREN'S FUND (A charitable company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. a. Basls of Preparatlon The fi'nancial 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 Df Ireland (FRS 1021 (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 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 othernise 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 Assumptlons In applying Accountlng Pollcies 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 Golng Concern basis The Trustees have prepared detailed monthly projections, and undertaken sensitlvity analysis to demonstrate Ihat 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 Dir8ctorfs Report on page 8 to 11. It is cn the above basis therefore that the Trustees remain confident over the Charity's ability to continue as a Going Concern. e. Incomlng Resourceg 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 StatementofRecommended 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 1021, 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 or facilities of equivalent economic benefit on the open market,. a corresponding amount is then recognised in expenditure in the period of receipt. 18
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 2024 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 5UPPOrt 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 beeen 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 s8eking voluntary contributions and do not include the costs of disseminating information in support of th8 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 adminislration of the Charity and compliance with constitutional and statLrtory requirements. Costs of generating fund5 are costs incurred in attracting voluntary incame. Charitable activities and Governance costs are costs incurred on the Charity's operations, including support costs and costs relating to the governance of the Charily, 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. Granis offered subjectto conditions which have not been met at Ihe year-end are noted as a commitment, but not accrued as expenditure. g. Staff Penslons 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 £2,273 (2023.. £2691 of which £nil was outstanding as at 31 March 2024. h. Tanglble Flxed 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 ilems are written off as an expense as acquired. Motor vehicle 200kn straight line basis Debtors Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the net amount prepaid. Cash and cash equivalents Cash at bank and in hand includes cash and short term highly liquid investment5 Wlth a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 19
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 2024 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 forthe goods or serVIS it must provide. 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 fund5, Wlthout first securing restricted income to fund this spend. Restricted funds are funds which afe lo be used in accordance with speciflc restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs ot raising and administering such fund8 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. Forelgn exchange Transactions denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchang8 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. Foard exchange contracts are used to hedge foreign exchange exposures arising on forecast receipts and payment in foreign currencies. These fOard contracts are re-valued to the rates of exchange at the balance sheet date and any aggregate unrealised gains and losses arising on revaluaticn are included in other debtorslother creditors. At malurSty, or when the contract ceases to be a hedge, gains and losses are taken to the profit and loss account. n. Flnanclal 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 wilh 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 5ease term. p. Interest receivable Interest held on deposit is included when receivable and the amount can be measured reliabSy by the Charity. This is normally upon notification of the interest paid or payable by the Bank. 20-
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 2024 Donatlons Year ended 31 March 2024 Ye8r ended 31 March 2023 Unrestrlcted Fund Restrlcted Fund Total Funds Donatlons (incl Events) 352,700 145,361 498,061 501,109 Total 2023 199,230 301,879 501,109 Income from Charltable Activitles Year ended 31 March 2024 Year ended 31 Mah 2023 Unrestrlcted Fund Restrlcted Fund Totsl Funds Institutional Donors 100,000 1,287,537 1,387,537 677,500 Total 2023 15,000 662,500 677,500 21
THE ONE TO ONE CHILDREN'S FUND (A charitable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS Icontlnued) FOR THE YEAR ENDED 31 MARCH 2024 Analysls of total expendlture Year ended 31 March 2024 Year ended 31 March 2023 Activllles Undertaken Directly Project Activity Grants Payable Staff Support Costs Costs Totsl Costs Tot81 Costs Expendlture Costs of ra151ng funds: Event costs Fundraising & publicity 28,731 17,452 28,731 87,949 24,609 87.916 70,497 46,183 70,497 116,680 92,525 Charltable actlvities: Project Funding 353,329 10,150 689,647 110,897 1,164,023 1,012.994 Govemance costs.. Foreign exchange (gains) I losses 14,016 14,016 11,278 95,783 95,783 41,226 Total Charitable activiti08 353,329 10,150 689,647 220,696 1,273,822 1,065,498 Totsl expendlture 2024 399,512 10,160 760,144 220,696 1,390,502 1,158,023 Total expenditure 2023 425,257 19,325 544,477 188,964 1,158,023 Year ended 31 March 2024 Year ended 31 March 2023 Project actlvlty grants payable Included grants approved in the year as follows: Project activity funding to instituticns 10,150 19,325 Governance costs Auditor's fees Management consultancy 8,940 5,076 7,571 3,707 14,016 11,278 22-
THE ONE TO ONE CHILDREN'S FUND (A charitable company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 Analysls of total expendlture (contlnued) Year ended 31 March 2024 Year ended 31 Marh 2023 Support Costs Space and Office Costs Management and Personnel Costs IT Costs S Africa office related costs (excl salaries) Other support costs 19,822 1,557 2,745 67,029 19,744 18,561 2,681 2,833 76,847 15,538 Regular Support Costs Foreign exchange (gains) I losses ' Governance Costs 110,897 95,783 14,016 116.460 41,226 11,278 Total Support Costs 220,696 168,964 The Charity buy5 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 if the exchange rate moves the other way. Having bought Rand, Sterling strengthened, such that the Charity made an exchange loss as at 31 March 2024 (and loss at 31 March 2023). Trustees and employe88 Stsff costs.. Y88r ended 31 March 2023 Yèar ended 31 March 2024 Salaries Social securlty costs Pension scheme contrlbutions Consultant, temporary and agency staff 541,723 10,174 2,273 205,974 342,062 11,091 269 191,055 760,144 544,477 The average number of persons employed I contracted during the year was.. UK Number Number S Africa 86 58 89 61 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 23
THE ONE TO ONE CHILDREN'S FUND (A charltable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS {contlnu8dl FOR THE YEAR ENDED 31 MARCH 2024 including no reimbursement of expenses I travel expenses in either this financial year nor the prior year). The Charity considers its key management personnel to comprise the Trustees, the Executive Chair, Deputy Executive Directors, South Africa Country Director. The total contracted payments of the key management personnel were £151,488 {2023'. £113,881) including gross pay, employer's national insurance and employers pension costs. One employee had employee benefits in the banding of£60,000 to £70,000 {2023'. none), inclusive of gross pay and employer pension contribution. Tangible fixed assets Motor Vehlcles Total Cost Balance at 1 April 2023 Additions Disposals As5et5 written off Foreign exchange differences 53,245 74,001 53,245 74,001 (4,228) 14.228) Balance at 31 March 2024 123,018 123,018 Accumulated depreclation Balance al 1 April 2023 Charge for period Disposals Assets written off Foreign exchange differences 8,851 15,902 8,861 15,902 1861) (861 Balance at 31 March 2024 23,892 23,892 Net book value at 31 March 2024 99,126 99.126 Net book value at 31 March 2023 44,394 44,394 Debtors At 31 March 2024 At 31 March 2023 Accrued income Prepayments 18,726 69,842 17,009 9,619 88,568 26,628 2024 prepayments relate to upfrant expenditure associated with the Stardust fundraising event held post year-end in June 2024. 24-
THE ONE TO ONE CHILDREN'S FUND {A charitabl8 company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS Icontlnued) FOR THE YEAR ENDED 31 MARCH 2024 Credltors amounts falltng due Withln one year At 31 March 2024 At 31 March 2023 Trade Creditors Taxation and social security Accruals and Other Creditors 28,292 9,794 60,055 27,249 30,120 98,141 57,369 2024 accruals relate mainly to upfront commitrnents associated with the Stardust fundraising event held post year-end in June 2024. Operatlng Lease Commltments Land & Bulldlnqs At 31 March At 31 March 2024 2023 Explry Date: Within 1 year Within 2 and 5 years 8,487 19.022 8,487 8,487 27,509 Operating lease charges totalling £20,195 {2023: £20,098) were expensed during the period in both the UK and South Africa. 25-
THE ONE TO ONE CHILDREN'S FUND IA charltable company Ilmfted by guarants81 NOTES TO THE FINANCIAL STATEMENTS (contlnuedl FOR THE YEAR ENDED 31 MARCH 2024 10. Statement of Funds Balance at 1 April 2023 Incoming {Outgoingl Resources Resources Balance at 31 March 2024 Transfers Unrestricted Funds 233,311 452,700 (421,6311 264,380 Designated Funds 36,015 (35,081) 934 Restricted Funds 745,406 1,432,898 {933,790) 1,244.514 Total 1,014,732 1,885,598 (1,390,502) 1,509,828 The Unr6Stricted Income Fuiids ace Ciassifieo as foiioW8. Ai 3 1 Macch 2024 Al 31 Maicli 2Q23 Unrestricted Funds 264,380 934 233,311 36,015 Designated Funds Total 265,314 269,328 11. Deslgnated Fund8 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 1 April 2023 Resources Transfers paid & payable Balance at 31 March 2024 Innovation fund - South Africa iThemba Fund for Enable Mobile Clinic 1,015 35,000 181) {35,000) 934 Tolal 36,015 (35,081) 934 26-
THE ONE TO ONE CHILDREN'S FUND (A charltable company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 MARCH 2024 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 Eliglble Project activity 1 April 2023 Resources Transfers paid & payable Balance at 31 March 2024 Enable, South Africa Better Together, South Africa Bright Start, South Africa South Africa Fund 380,663 100,365 1,063 202,136 58,475 2,704 980,405 9,393 15,859 {796) {699,787} {69,3201 (84) (75,8001 {88,564) (235) 677,140 39,642 979 353,875 89,225 (19,301) 460,910 59,136 6,707 One London, UK Other 4,238 Total 745,406 1,432,898 {933,790) 1,244,514 13. Analysls of th8 Charlty's net assets by Fund Unrestrlcted Fund Deslgnated Fund Restrlcted Funds Total Funds Fund balances at 31 March 2024 are ropresented by: Tangible Fixed Assets Debtors Cash at bank and in hand Creditors-. amounts falling due within one year 99,126 88,568 171,396 (94,710) 99,126 88,568 1,420,275 (98,141) 934 1,247,945 (3,431) 264,380 934 1,244,514 1,509,828 27-
THE ONE TO ONE CHILDREN'S FUND (A charltable company Ilmlted by guarant8el NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 MARCH 2024 14. Taxation status The One to One Children's Fund is a registered charity and no taxation is payable cn its income arising in the United Kingdom frorr its charitable activities. 15. Related Party transactlons During the year to 31 March 2024, The One lo 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 £768,457 (2023.. £719,300) 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 a non-profit company. One to One Africa delivers life-saving 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 ofthe 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 lo One Children's Fund trustee Jenny Altschuler and One to One Children's Fund Co-Executive Director, Catriona Fox. 16. Summary of Project Activlty Grants Payabl8 2024 2023 Summary of Project Actlvlty Grants Afrlca Better Together Total Project Actlvlty Grants Payable 10,160 10,150 19,325 19,325 28-
THE ONE TO ONE CHILDREN'S FUND (A charitable company Ilmlt8d by guarantee) NOTES TO THE FINANCIAL STATEMENTS (contlnuedl FOR THE YEAR ENDED 31 MARCH 2024 17. Comparative 2023 Statement of Funds Balance al 1 April 2022 Incoming (Outgoing} Resources Resources Balance at 31 March 2023 Transfers Unrestricted Funds 459,944 214,230 (405,8631 135,000) 233,311 Deslgnated 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 18. Comparatlve 2023 Analysis of the Charity's net a98ets by Fund Unrestricted Funds Unrestrlcted Fund Designated Fund Restricted Funds Total Funds Fund balances at 31 March 2023 were represented by: Tangible Fixed Assets Debtors Cash at bank and in hand Creditors.. amounts falling due within one year 44,394 26,628 219,658 (57,369) 44,394 26,628 1,001,079 157,369) 36,015 745,406 233,311 36,015 745,408 1,014,732 29-