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← One To One Children's Fund

2025-03-31-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 2025

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 11
Statement of financial activities 14
Balance sheet 15
Statement of cash flows 17
Notes to the financial statements 18

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 2025

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 office@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 (continued)

FOR THE YEAR ENDED 31 March 2025

The Management Committee present their annual report together with the audited financial statements for the period from 1 April 2024 to 31 March 2025. 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 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.

Financial review

Total incoming resources were £1,952,330 (2024: £1,885,598) reflecting a £67k (+4%) increase on the previous year. Pleasingly, income from events was boosted by £124k (+50%) on the previous year; this reflecting the generosity of donors who attended our Stardust fundraiser, hosted in June 2024. As a result, there was a modest (and understandable) decline in income generated from other charitable activities, as some donors instead opted to donate at this event as opposed to making a general donation later in the year. There has also been a change to the income mix this year; with unrestricted income reducing by 6%, whereas restricted income has increased by 7% (with a knock-on impact to the charity reserves).

Cost of raising funds increased by £28k as compared to the previous financial year, again reflective of the costs associated with the Stardust fundraiser.

Resources expended in furtherance of the charitable objectives are set out in Note 4 to the Financial Statements and were £1,573,345 (2024: £1,273,822), reflecting the further expansion of our South Africa based project work. This has resulted in a net surplus of £234,179 (2024: surplus £495,096).

As a result, the Charity's reserves at the end of the period were £1,744,007 (2024: £1,509,828) of which General Unrestricted Funds amounted to £165,590 (2024: £265,314) and Restricted Funds amounted to £1,578,415 (2024: £1,244,514). As noted above, the movement in income mix (from unrestricted to restricted) has meant that General Unrestricted funds have dropped by 40% versus the previous financial year. Whilst this level of funding is sufficient to sustain programmatic and organisational spend for the coming 12 months, the need to source new incremental funding is still vital, if we are to secure ongoing programme delivery beyond the next year at this level.

Using income generated in the period together with brought forward reserves, charitable expenditure was 92% (2024: 92%) of total expenditure, providing further essential investment in the Charity's high impact programmes in HIV/AIDS, healthcare, and trauma resilience in South Africa.

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

MANAGEMENT COMMITTEE'S REPORT (continued)

FOR THE YEAR ENDED 31 March 2025

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.

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.

The trustees holds meetings throughout the year where strategies and decisions regarding fund-raising and finance updates are agreed.

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 2025

Grant making policies

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 charity's strategy and objectives.

Finance and Fundraising Strategy

The Board of One to One Children's Fund includes a Finance & Risk Committee and Fundraising Committee, which meet 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 two co-Executive Directors, 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 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 a non-profit company. One to One Children's Fund UK is its effective parent organisation (there are no shareholders in a NPC). One to One Africa delivers localised, community-led interventions that address the core gaps in healthcare, education and psychosocial support in the most neglected and under-served communities in South Africa,

One to One Africa receives the majority of its 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.

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

MANAGEMENT COMMITTEE'S REPORT (continued)

FOR THE YEAR ENDED 31 March 2025

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 Co-Executive Director Catriona Fox.

It is the objective of both boards that the locus of decision-making and funding moves to One to One Africa Children's Fund NPC and a transition process is underway to achieve this. The boards of the two organisations meet together quarterly as part of this transition process.

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 regular meetings between UK and SA staff, UK Trustee representation on the SA Board, and joint UK / SA Committees to ensure accountability, shared mission, and process.

Objectives and Activities

One to One Children’s Fund’s vision is a world where every child has access to healthcare and education to enable them to realise their potential, lead a fulfilling life and feel valued. Our core objective is to improve the life chances of children and young people affected by dislocation, poverty and chronic illness, such as HIV, by addressing core gaps in their healthcare. We develop innovative peer leadership models in under-served communities, using local knowledge to build the capacity of those best-placed to respond.

Since 2001, One to One Children’s Fund has been pioneering grassroots models that have been replicated, scaled up and adopted by other NGOs and governments. A key organisational aim is to empower those best-placed to deliver care and put work into local hands and leadership. We build in mechanisms to our projects, embedding them into local systems, to allow them to be adopted by local organisations or governments to scale them and reach even more people.

One to One Children’s Fund currently has two key focus areas: 1) Improving child and maternal health and life outcomes among vulnerable communities in the Eastern Cape, South Africa through the Enable programme 2) Empowering young refugee leaders to reach their full potential so they can live and lead with confidence in the UK.

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

MANAGEMENT COMMITTEE'S REPORT (continued) FOR THE YEAR ENDED 31 March 2025

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 PROGRAMMES

Communities living in rural areas of the Eastern Cape face poverty, limited access to healthcare and services and geographic isolation. The Enable programme, delivered by One to One Africa, is a unique, integrated programme that weaves together interventions of child and maternal health, early childhood development, nutrition, disability, male engagement, adolescent life-skills training, a mobile health clinic, and incomegenerating initiatives to address the interlinked, root causes of poverty and poor health.

These families live in poverty in remote, rural areas of the Eastern Cape, South Africa where access to medical services is severely limited and health outcomes are some of the worst in the country.

This year our work has been endorsed through the launch of the Enable Plus programme (explained below) which is our partnership with the Eastern Cape Department of Health to scale up our model by training up to 3,000 of the Department’s community health workers.

The Enable programme now has six well-established interventions:

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

MANAGEMENT COMMITTEE'S REPORT (continued)

FOR THE YEAR ENDED 31 March 2025

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

MANAGEMENT COMMITTEE'S REPORT (continued)

FOR THE YEAR ENDED 31 March 2025

The training curriculum has been developed and approved. Master Trainers from eight sub-districts have been trained. Through the cascading training model, these Master Trainers are now positioned to train, support and mentor CHWs across their districts. With the first cohort of Master Trainers now in place, the next phase will see Outreach Team Leaders (OTLs), Health Promoters (HPs) and hundreds of CHWs trained and supported in delivering quality, community-based health interventions - reinforcing a system where care begins at home and extends to the clinic.

UK PROGRAMME

Future Leaders

The Future Leaders Programme aims to empower young refugee and asylum-seekers (aged 18 – 30 years) to transform communities and redefine success through world-class programmes that cultivate confidence, connection, and impact. Future Leaders has three programmes (1) Core leadership (2) Mothers as Leaders (3) School of Entrepreneurship that are run through online workshops and one-to-one mentoring led by sector leaders from across the UK.

Going Concern

One to One Children's Fund remains well placed to manage the operational and financial risks it faces. Despite some competitive pressure on fundraising, over the last year the charity still managed to boost income by 4% versus the previous financial year.

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

MANAGEMENT COMMITTEE'S REPORT (continued)

FOR THE YEAR ENDED 31 March 2025

As at 31 March 2025, the Charity had reserves in excess of £1.7m (2024: £1.5m). This, together with the continued support and commitment of our major funders gives the Trustees substantial confidence in the Charity’s ability to continue operating at this scale for the next 12 months, as we also look to develop additional new income streams to support the scale of programmatic activities into the foreseeable future.

Further, the Trustees regularly prepare detailed monthly projections, and undertake 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 non programmatic running costs (being non programmatic staff costs plus ongoing support costs) for this year amounted to just under £130,000.

The free unrestricted reserves at 31 March 2025 were £72,925 (being Unrestricted reserves less the value held in fixed assets). Whilst this level of free reserves is below target, the Charity has already secured sufficient unrestricted funds for 2025/26 and beyond, to give comfort that the charity remains a going concern and has sufficient reserves to continue all planned programmatic work.

Looking forward

A three-year strategy is in place to support the locus of decision-making and funding to transfer to One to One Africa. This is a phased process during which One to One Children’s Fund UK will play a pivotal role in the transition of One to One Africa towards full operational, financial, and governance independence. The transition is built on a foundation of partnership, capacity building, and sustainability; a coordinated effort between UK and SA to ensure strong governance, effective operations, and robust accountability so that One to One can be a beacon of good practice.

Key areas in the transition have been identified as (i) fundraising (ii) finance (iii) M&E (iv) operational systems and processes (v) governance and accountability (vi) strategy. Through this phased transition, One to One Children’s Fund’s role is to empower One to One Africa with the tools, systems, and confidence to become a sustainable, independent organisation that will thrive and scale programmes that address critical gaps in child and maternal health.

As the transition progresses, One to One Children’s Fund will step back from day-to-day management and instead provide strategic support, learning dissemination, and network building. We will continue to leverage our UK-based networks to sustain visibility and funding for One to One Africa. We see our role evolving from innovator and implementer to disseminating and sharing proven peer-support models, bringing learnings from the global south to global north

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.

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

MANAGEMENT COMMITTEE'S REPORT (continued)

FOR THE YEAR ENDED 31 March 2025

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 statements, unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period. In preparing these financial statements, the Management Committee are required to:

The Management Committee are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy, at any time 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.

Disclosure of Information to Auditors

Each of the persons who are Trustees at the time when this Management Committee's report is approved has confirmed that:

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 2025 set out on pages 14 to 29. 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 statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

THE ONE TO ONE CHILDREN'S FUND (A charitable company limlted 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 noTrcomplIan￿ 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 Ihe Companies Act 2006. We obtained an understanding of how the Company is complying with those legal and regulatory frameworks by making enquiries of manageTnent. We challenged assumptions and judgments made by management in its significant accounting estimates. We dld not identify any key audit matters relating to Irregularities. including fraud. USE OF OUR REPORT This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken 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 the charitable company and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed. Harris & Trotter LLP Chartered Accountants Registered Auditors 101 New Cavendish Street 1 $1 Floor South London W1W6XH Date: 6 October 2025 Harris & Trotter LLP are eligible to act as auditors in tem5 of section 1212 of the Companies Act 2006. 13

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 2025

Statement of Financial Activities
Income:
Donations
Charitable activities
Investment income
Total incoming resources
Expenditure:
Costs of Raising Funds:
Fundraising costs
Expenditure on Charitable Activities:
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 2025
Year ended
31 March
Unrestricted
Restricted
2025
2024
Fund
Fund
Totals
Totals
Notes
£
£
£
£
2
400,855
188,461
589,316
467,393
3
-
1,320,751
1,320,751
1,387,537
22,880
19,383
42,263
30,688
___
__
__
_
423,735
1,528,595
1,952,330
1,885,598
___
_
_
_
4
144,806
-
144,806
116,680
4
378,651
1,194,694
1,573,345
1,273,822
_
_
_____
_
4
523,457
1,194,694
1,718,151
1,390,502
___
_
_
_
(99,722)
333,901
234,179
495,096
265,314
1,244,514
1,509,828
1,014,732
_
_
_____
_
10-12
165,592
1,578,415
1,744,007
1,509,828
___
_
_
_

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 18 to 29 form part of these financial statements.

(A charitable company limited by guarantee)

THE ONE TO ONE CHILDREN’S FUND

BALANCE SHEET AS AT 31 March 2025

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
2025
2024
Notes
£
£
6
91,727
99,126
7
43,712
88,568
1,701,959
1,420,275
_
_
1,745,671
1,508,843
8
(93,391)
(98,141)
_
_
1,652,280
1,410,702
_
_
13
1,744,007
1,509,828
_
_
10
164,653
264,380
10, 11
939
934
10, 12
1,578,415
1,244,514
_
_
1,744,007
1,509,828
_
_

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

BALANCE SHEET (continued) AS AT 31 March 2025

The Management Committee (who are also the Trustees and Directors) consider that the Charitable Company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") relating to small companies. However, an audit has been carried out under section 144 of the Charities Act 2011.

No members of the Management Committee have required the Charitable Company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The Management Committee acknowledge its responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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The financial statements were approved and authorised for amelie, the Management mittee on
6 October 2025 ard signed on their behalf, by: a 2 >
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The notes on pages 18 to 29 form part of these financial statements.

-16-

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

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
£ £
Net Movement in Funds(as per Statement of Financial Activities) 234,179 495,096
Adjustments for:
Depreciation 26,596 15,744
(Increase) / decrease in debtors 44,856 (61,940)
Increase / (decrease) in creditors (4,750) 40,772
__ __
Net Cash generated from Operating Activities 300,881 489,672
__ __
Cash flows from investing activities:
Purchase of fixed assets (18,699) (74,001)
(Write off) / Proceeds on disposal of fixed assets (498) 3,525
__ __
Net cash from investing activities (19,197) (70,476)
__ __
Cash flows from financing activities:
Net increase / (decrease) in cash and cash equivalents 281,684 419,196
Cash and cash equivalent at beginning of period 1,420,275 1,001,079
__ __
Cash and cash equivalent carried forward 1,701,959 1,420,275
__ __
Cash and cash equivalents can be analysed as follows:
Cash in hand 1,701,959 1,420,275
______ ______
1,701,959 1,420,275
__ __

The notes on pages 18 to 29 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 2025

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:

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.

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.

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, as set out in the Management Committee's Report on page 2 to 10. It is on the above basis therefore that the Trustees remain confident of 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 or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

(A charitable company limited by guarantee)

THE ONE TO ONE CHILDREN’S FUND

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 March 2025

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 £11,653 (2024: £2,273) of which £nil was outstanding as at 31 March 2025.

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.

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.

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 2025

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.

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.

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 2025

2. Donations

Year ended 31 March 2025
Unrestricted
Fund
Restricted
Fund
£
£
Donations (incl Events)
400,855
188,461
__
__
Total 2024
322,032
145,361
__
__		 Year ended
Total
Funds
31 March
2024
£
£
589,316
467,393
__
__
467,393
__

3. Income from Charitable Activities

Year ended 31 March 2025
Year ended
Unrestricted Restricted Total 31 March
Fund Fund Funds 2024
£ £ £ £
Institutional Donors - 1,320,751 1,320,751 1,387,537
__ __ __ __
Total 2024 100,000 1,287,537 1,387,537
__ __ __

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 2025

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 2025
Total expenditure 2024		 Year ended 31 March 2025
Project
Activity
Grants
Payable
Staff
Costs
£
£
-
-
-
47,741
__
__
-
47,741
13,209
955,460
-
-
-
-
__
__
13,209
955,460
13,209 1,003,201
_ _
10,150
760,144

 Support
Costs
£
-
-
__
-
111,939
10,405
(11,531)
__
110,813
110,813
__
220,696
 Year ended 31
March 2024
Total
Costs
Total
Costs
£
£
86,111
28,731
58,695
87,949
__
_
144,806
116,680
1,574,471
1,164,023
10,405
14,016
(11,531)
95,783
__
_
1,573,345
1,273,822
1,718,151
1,390,502
__
__
1,390,502
Activities
Undertaken
Directly
£
86,111
10,954
__
97,065
493,863
-
-
__
493,863
590,928
__
399,512
 Project
Activity
Grants
Payable
£
-
-
__
-
13,209
-
-
__
13,209
13,209
__
10,150
Year ended Year ended
31 March 2025 31 March 2024
£ £
Governance costs
Auditor’s fees 8,574 8,940
Management consultancy 1,831 5,076
___ ___
10,405 14,016
___ ___

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 2025

4. Analysis of total expenditure (continued)

Year ended Year ended
31 March 2025 31 March 2024
Support Costs £ £
Space and Office Costs 23,044 19,822
Management and Personnel Costs 4,062 1,557
IT Costs 1,723 2,745
S Africa office related costs (excl salaries) 65,197 67,029
Other support costs 17,913 19,744
___ ___
Regular Support Costs 111,939 110,897
Foreign exchange (gains) / losses * (11,531) 95,783
Governance Costs 10,405 14,016
___ ___
Total Support Costs 110,813 220,696
___ ___

* 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 if the exchange rate moves the other way. Having bought Rand, Sterling depreciated, such that the Charity made an exchange gain as at 31 March 2025 (and loss at 31 March 2024).

5. Trustees and employees

Trustees and employees
Staff costs: Year ended
Year ended 31 31 March
March 2025 2024
£ £
Salaries 791,532 541,723
Social security costs 53,967 10,174
Pension scheme contributions 11,653 2,273
Consultant, temporary and agency staff 146,049 205,974
____ ____
1,003,201 760,144
____ ____
The average number of persons employed / contracted Number Number
during the year was:
UK 5 3
S Africa 94 86
____ ____
99 89
____ ____

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

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 2025

including no reimbursement of expenses / travel expenses in either this financial year or 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 £166,720 (2024: £151,488) including gross pay, employer’s national insurance and employer's pension costs. One employee had employee benefits in the banding of £60,000 to £70,000 (2024: one), inclusive of gross pay and employer pension contribution.

6. Tangible fixed assets

Motor Total
Vehicles
£ £
Cost
Balance at 1 April 2024 123,018 123,018
Additions 18,699 18,699
Disposals - -
Assets written off
Foreign exchange differences 618 618
______ ______
Balance at 31 March 2025 142,335 142,335
______ ______
Accumulated depreciation
Balance at 1 April 2024 23,892 23,892
Charge for period 26,596 26,596
Disposals - -
Assets written off
Foreign exchange differences 120 120
______ ______
Balance at 31 March 2025 50,608 50,608
______ ______
Net book value at 31 March 2025 91,727 91,727
______ ______
Net book value at 31 March 2024 99,126 99,126
______ ______
7.
Debtors
At 31 March At 31 March
2025 2024
£ £
Accrued income 28,594 18,726
Prepayments 15,118 69,842
__ __
43,712 88,568
_ __

2024 prepayments are boosted by upfront expenditure associated with respect to the Stardust fundraising event held post year-end in June 2024.

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 2025

8. Creditors Creditors
amounts falling due within one year At 31 March At 31 March
2025 2024
£ £
Trade Creditors 31,896 28,292
Taxation and social security 13,509 9,794
Accruals and Other Creditors 47,986 60,055
____ ____
93,391 98,141
____ ____
9. Operating Lease Commitments
Land & Buildings
At 31 March At 31 March
2025 2024
£ £
Expiry Date:
Within 1 year 9,048 8,487
Within 2 and 5 years - -
____ __
9,048 8,487
____ ____

Operating lease charges totalling £21,971 (2024: £20,195) 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 2025

10. Statement of Funds
Balance at Incoming (Outgoing) Balance at
1 April 2024 Resources Resources Transfers 31 March
2025
£ £ £ £ £
Unrestricted Funds 264,380 423,735 (551,880) 28,418 164,653
Designated Funds 934 - 5 - 939
Restricted Funds 1,244,514 1,528,595 (1,166,276) (28,418) 1,578,415
___ ___ ___ ___ ___
Total 1,509,828 1,952,330 (1,718,151) - 1,744,007
___ ___ ___ ___ ___
The Unrestricted Income Funds are classified as follows: At 31 March At 31 March
2025 2024
£ £
Unrestricted Funds 164,653 264,380
Designated Funds 939 934
_ _
Total 165,592 265,314
_ _

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 2024 Resources Transfers paid & payable 31 March
2025
£ £ £ £ £
Innovation fund – South Africa 934 - - 5 939
___ ___ ___ ___ ___
Total 934 - - 5 939
___ ___ ___ ___ ___

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 2025

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 2024 Resources Transfers paid & payable 31 March
Restated 2025
£ £ £ £ £
Enable, South Africa 693,108 1,092,498 (8,252) (917,855) 859,499
Better Together, South Africa 39,642 99,316 - (89,577) 49,381
Bright Start, South Africa 979 - - 5 984
South Africa Fund 444,942 193,381 - (25,574) 612,749
One London, UK 59,136 103,400 (15,883) (108,373) 38,280
Other 6,707 40,000 (4,283) (24,902) 17,522
___ ___ ___ ___ ___
Total 1,244,514 1,528,595 (28,418) (1,166,276) 1,578,415
___ ___ ___ ___ ___

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

Unrestricted Designated Restricted Total
Fund Fund Funds Funds
£ £ £ £
Fund balances at 31 March 2025 are
represented by:
Tangible Fixed Assets 91,727 - - 91,727
Debtors 43,712 - - 43,712
Cash at bank and in hand 122,605 939 1,578,415 1,701,959
Creditors: amounts falling due within one year (93,391) - - (93,391)
_ ______ _ _
164,653 939 1,578,415 1,744,007
_ ______ _ _

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 2025

14. Taxation status

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 2025, 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 £587,515 (2024: £768,457)

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 lifeenhancing 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 Co-Executive Director, Catriona Fox.

16. Summary of Project Activity Grants Payable

6.
Summary of Project Activity Grants Payable
Summary of Project Activity Grants
Africa
Better Together
UK
One London – UK Refugees - JRAN
Total Project Activity Grants Payable		 2025
£
2024
£
10,709
10,150
2,500
-
13,209
10,150

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 2025

17. Comparative 2024 Statement of Funds

Balance at Incoming (Outgoing) Balance at
1 April 2023 Resources Resources Transfers 31 March
2024
£ £ £ £ £
Unrestricted Funds 233,311 452,700 (421,631) - 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
___ ___ ___ ___ ___

18. Comparative 2024 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 2024 were
represented by:
Tangible Fixed Assets 99,126 - - 99,126
Debtors 88,568 - - 88,568
Cash at bank and in hand 171,396 934 1,247,945 1,420,275
Creditors: amounts falling due within one year (94,710) - (3,431) (98,141)
_ ______ _ _
264,380 934 1,244,514 1,509,828
_ ______ _ _