REGISTERED CHARITY NUMBER: 1145034 IZ7 *56119, .Hl1kLN oneby(n¢ Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2024 for One B One
One B One Contents of the Financial Statements for the Year Ended 31 December 2024 Page Report of the Trustees Independent Examiner's Report io Statement of Financial Activitie5 li Balance Sheet 12 Cash Flow Statement 13 Notes to the Cash Flow Statement 14 Notes to the Financial Statements 15 to 22 Detailed Statement of Financial Activities 23 to 24
One B One Re ort of the Trustees for the Year Ended 31 December 2024 The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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 1021 {effective l January 20191. OBJECTIVES AND AcfiviTIES Objectives and aims The Charity's objects are:_ 11 to relieve poverty and sickness and to promote and preserve good health by the provisions of goods and services of any kind as the Trustees from time to time may think fit. 21 to relieve persons who are trafFicked. exploited or enslaved or, have been or are at risk of being trafficked, exploited or enslaved. 31 to advance the education of the public regarding people trafficking and slavery in particular but not exclusively through congresses, seminars, fora and publications. 41 to advance education that will lead to the prevention of vulnerable people from being trafficked, exploited or enslaved in such ways as the Trustees from time to time may think fit. 51 to support the advancement of the Christian religion and ethos through partnerships with local churches and other NGOS 61 to promote such other charitable purpose5 a5 the Trustees frorn time to time may think fit. Page I
One B One Re ort of the Trustees for the Year Ended 31 December 2024 OBJECTIVE5 AND AcfiviTIES Significant artivities The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning its future activities. In particular. the Trustees consider how planned activities will contribute to the aims and objectives that have been set. Through its activities this year the Trustees believe they have provided public benefit within the scope of its charitable objectives. Here follows a summary of the highlights of the activities of the Charity which demonstrate this. Main activities in Kenya: King's Education Centre is run in conjunction with our implementation partner to provide quality education for all the children in our care, meeting the needs of all young people whilst also working as a human trafficking prevention mechanism research suggests that the lack of access to quality education exacerbates vulnerabilities and puts children more at risk of human trafficking. At King's Primary School. 2024 saw the very first candidates take their national examinations in the new Kenya national curriculum. Kenya Primary School Education Assessment IKPSEAI is a national exam administered to Grade 6 students in Kenya at the end of their primary education. before they proceed to Junior Secondary School. Results were positive and all students moved onto join Secondary School. A revamp of the Kenyan national curriculum has seen the end to the Kenyan Certificate of Primary Education {KCPEI examinations historically taken by grade 8 students. At King's Secondary School we had sirnilar success to previous years. Our highest performing student achieved a mean grade of a B, meaning he ranked in the top 7.5% of all students completing the exams nationally. A further 2 students achieved a mean grade of a C+, putting them in the top 25.7% of students nationally. 80% of King's student5 achieved grades which placed them in the top half of results nationally. Overall, King's Secondary School ranked 7th out of 31 schools in Butula sub-county, and 23rd out of 92 schools in Busia county. Another King's child performed exceptionally well in her KCAL examinations. She was supported to study at Bunyore Girls National School after her performance in national primary school exams qualified her 4 years ago. She achieved a mean grade of a B+ in her KCSE, meaning she was in the top 3% of students nationally. Celebrating an individual success of one of the students at King's Secondary School, a One By One student progressed all the way to the National Schools Singing Championship. He represented King's at sub-county level, finishing in 1st place with his vocal solo performance. and followed that with another 1st place finish at the County Championships in Busia. From there the student went to the regional competition where they finished 2nd in Western Kenya and then finally in the national championships in Eldoret they finished in 5th place. All children are now successfully re-integrated in family centred care. The social work team continue to carry out home visits as well as holding parenting classes planned for upcoming years to ensure safe environments for every child. One By One has supported its highest achieving students through university this includes tuition fees, accommodation and all living costs associated with living in the cities where students are studying. Sadly, despite One By One continuing to carry out safeguarding training for staff and updating policies and protocols there was one incident in September 2024 which was not reported by the implementation partner. namely King's Children's Home and School in Kenya, to One By One in the necessary timescales as set out in our policy. Page 2
One B One Re ort of the Trustees for the Year Ended 31 December 2024 OBJECTIVE5 AND AcfiviTIES Other major procedures in relation to this incident - including immediately suspending the staff member concerned pending an investigation and reporting the situation to the police and health centre were correctly implemented. The implementation partner should have then reported this to One By One within 24 hours, but procedure wasn't followed. and it wasn't reported until later. One By One's Trustees sent a letter of written warning to the implementation partner regarding the breach of protocol with delay in reporting to One By One. One By One reported the matter immediately to the Charity Commission and has provided further training and resources to help equip the implementation partner to follow best practice. The Trustees believe that all the necessary steps have now been taken to address the issue and that the recommendations going forward will minimise the opportunity for a situation like this to repeat. The Charity Commission were satisfied with One By One's response and the case is now closed. Even more stringent oversight measures implemented as a result of this incident along with enhanced reporting now allows the Trustees and executive team to maintain closer monitoring. Main activities in South Asia: Safe House The children once impacted by bonded labour in One By One's safe house continue to thrive. Staff have commented on how the children love being in a safe and healthy environment, where they can enjoy simply being themselves. Their weekly games nights are their favourite activities. This is a stark contrast from the 14-hour days some of them were working in brick factories under the most brutal conditions. There are 85 children living in our South Asia safe house, rescued from modern-day slavery and given access to education providing them with hope of a better future. Brick factory outreach During 2024 we were able to run weekly outreach programmes into 65 brick factories and regularly reach 1,500 children. This is often the highlight of the week for children still trapped in brick kilns. Micro-busines5 launch We helped one family set up a micro-business operating a taxi. This resulted in the debt for the entire family including their children being paid off and so allowing them to leave the brick kiln where they had all worked. Main activities in Uganda: Our new team in Uganda has made incredible progre55. Here are their highlights- Reached a total of 3,670 children across Jinja with the Dignity Project {our trafficking prevention programmel. 427 influential local leaders (elected village leaders, community health trainers. motorcycle taxi leaders, stage leaders, women's savings group leadersl have participated in Community Conversations in 2024. Professionals from 14 medical institutions {hospitals, clinics, and village health centresl, 28 schools, and 30 local councils went through our Trafficking Prevention training programme. 27 lead investigation officers were nominated by the Office of Public Prosecutions to attend the police training, with at least one attendee from each of the 16 police stations in Jinja. Commenced the registration process for the Mercy Centre a short term residential centre to house and rehabilitate girl survivors of human trafficking. We identified a building and took out a tenancy agreement in October 2024. The staff recruitment will take place in 2025. and the centre is due to open operation311y in summer 2025. Page 3
One B One Re ort of the Trustees for the Year Ended 31 December 2024 *•. oBJEIVEs AND ACTIVITIES Dignity Project The Dignity Project is One By One's trafficking prevention programme which- 11 Equips girls with reusable sanitary products (enabling the girl child to remain in education every week of the month by tackling period poverty). 21 Educates children on human trafficking and the common tactics used by traffickers. 31 Empowers girls to know their human rights and speak up to report injustice and abuse. In 2024 we ran several Dignity Project events across Africa and Asia. This was predominantly in school settings, but in May we also reached females in refugee camps too. The figures- March 2024 - 432 girls reached in Mafubira Sub-county, Jinja, Uganda. May 2024- 400 ladies reached in refugee camps in South Asia. June 2024 - 727 girls reached in Kimasa Primary school. Jinja, Uganda. July 2024 - 350 reached on 3rd July, 988 reached on 8th July and 437 reached on 10th July across Northern Jinja, Uganda. Sept 2024 - 2,308 girls reached in Sri Lanka and local team trained up and equipped. October 2024 - 736 girls reached in Jinja, Uganda. The total girls reached in 2024 was 6,378, taking the overall total reached by the initiative to 44,943. Main activities in Rwanda The prosecutor's office has agreed to reopen several sex trafficking cases where victims were trafficked from Rwanda to Uganda. We are currently awaiting the international co-operation papers to be drafted and submitted and the investigation will be reopened. Our partner law firm continues to meet regularly with government officials. Page 4
Main activities in Sri Lanka We oversee the running of seven sewing centres across the north of Sri Lanka for women to use to develop their own micro-businesses. These centre5 are now self-sufficient and the clients all of whom are widows - buy more materia15 out of their profits to sell more products. CEO Rebecca Murray visited Sri Lanka with a team of volunteers to hold a Dignity Project event. Training sessions for 30 schools across six locations were held, reaching a total of 2.308 girls. Advocacy- CEO Rebecca Murray and other speakers in UK, USA and Canada held several meetings with church leaders to raise awareness on the growing issue of human trafficking and modern day slavery. Ran an online forum in Canada to raise awareness and education seminar of how human trafficking is impacting Canada. CEO and other spokespeople represented the charity in national and local media, promoting the charity's work on TV, radio, online and in print. Page 4
One B One Re ort of the Trustees for the Year Ended 31 December 2024 FINANCIAL REVIEW Financial position During the year under review, the Charity ended the year with a surplus of £51,60012023 deficit £166,112) resulting in total funds at the year-end of £708.93112023 - £657,331). Of the funds held at year end £483,79412023 - £567.2071 were unrestricted as to use. This demonstrates the continued investment by the charity into proErammes - both existing and new. Included within the surplus for the year under review are funds totalling £179,006 restricted for the launch and operation of a new programme based in Uganda The Mercy Centre - a short-term residential centre to house and rehabilitate girl survivors of human trafficking. This programme will commence operation in early summer 2025. In its review of the Charity's reserves position and taking account the introduction of the Mercy Centre programme in Uganda, The Trustees have allocated a further £50,000 to the designated General Fund this fund ensures that the Charity has sufficient liquidity to support its on-going programmes. Having made this provision, the Trustees are happy that the reserves meet the Charity's reserves policy - providing between three and six months overhead liquidity. Reserves policy The Charity has an approved reserves policy for retaining the level of readily accessible funds within its unrestricted reserves to mitigate financial and operational risks. ensuring that the work of the Charity is sustained with minimal disruption and where necessary to provide short term funding for new projects. Restricted reserves represent income received but not yet expended in accordance with donors wishes. Some restricted donations are given to fund multi-period projects. These are recorded in the period when the donation is received or receivable. The expenditure from restricted funds is recorded in the period when the funds are used for the restricted purpose. This means that in some accounting periods, there will be significant restricted reserves carried forward to future periods and in some accounting periods. there may be an excess of restricted expenditure over restricted funds received in that period. The Trustees will review the policy at least annually in order to consider the needs and appropriate size of designated reserves for specific future uses. as well as maintaining sufficient other unrestricted funds for contingency purposes. Going concern The account5 have been prepared on a going concern basis as the Charity has sufficient funds to meet its liabilities a5 they fall due and expenditure is not authorised unless sufficient funds are in place. Page 6
One B One Re ort of the Trustees for the Year Ended 31 December 2024 PLANS FOR FUTURE Our goals for 2025 include: Kenya.. 2025 - To reach over 1,000 girls with the Dignity Project in Kisumu city. Busia, and Butula county. Continue the funding of King's Education Centre which supports vulnerable children with education and meals. South A5ia'. 2025 To continue funding the safe house and outreach projetts into brick factories. Uganda 2025 To launch the Mercy Centre a crisis centre for girls aged 7-17 rescued out of human trafficking, bringing counselling and support for family reintegration. - To continue running the Dignity Project throughout local schools and with community leaders. To continue training police departments. To continue Community Conversations where we gather local leaders to talk about how we can all play a part in identifying and ending human trafficking in our locality. To continue training programmes for health professionals to identify signs of patients who could be victims of modern-day slavery. Rwanda 2025 To commence with the private prosecutions, providing focused legal services to victims of trafficking, including legal representation. and to continue to build relationships with senior government officials. Sri Lanka: 2025 To continue all seven sewing centres and ensure they are benefitting widows and their families. To run a Dignity Project event through schools using the local team trained up in 2024. Dignity Project.. 2025 To explore expansion into Philippines. Look at ways we can expand our influence in UK/USA/Canada. To continue reaching more girls in Kenya and Uganda via our local teams. Advocacy 2025 To continue raising awareness through media outlets. To build relationships with politicians and governments and speak up for everyone. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Charity is operated under the rules of its Trust Deed which was adopted on 4th November 2011, with supplemental deed amendments in November 2021. The Charity is governed by the Trustees who determine strategic direction and policy. Trustees meet once a quarter. The day to day running of the Charity is carried out by the CEO and its employees, with assistance from Trustees and volunteers. The Charity has close links with the American non-profit One By One, which is a registered 501lcll31 and is governed by Byelaws and overseen by a board of directors. The two organisations were both established by Rebecca Murray and both organisations work with the same purpose of achieving the main objectives of the Charity, which are for the public benefit. Page 7
One B One Re ort of the Trustees for the Year Ended 31 December 2024 STRUCtURE, GOVERNANCE AND MANAGEMENT Risk management The Trustees take the identification of operational, financial and repetitional risk seriously. The Trustees have put in place structures to ensure that the many and varied risks the Charity is exposed to are identified, addressed as appropriate and monitored effectively. The day-to-day running of the organisation. and therefore the identification, reporting and mitigation of risk is tasked to the CEO and the Executive Team. The Executive Team executes its responsibilities through a robust risk identification procedure which they continue to develop. One By One continues to be a rnernber of the Misconduct Disc105ures Scheme as recommended by the Charity Commission. The significant risks identified during the year were: Safeguarding The Charity recognises the importance of ensuring that appropriate procedures. policies and oversight are in place to ensure the health and safety of the young people in its care. Continued training has been established and rolled out to Kenyan and South Asian implementation partners as well as to One By One global staff. Global economy There is a risk of reduction in income due to the impact of globally rising commodity prices and their impact on donors. Equally, governments are not immune from the global financial pressure, and there is concern that this could impact government aid spend. The Executive Team maintain a close watch on both the maintenance of existing income streams as well as the development of new ones. Programme quality This is a constant risk. but especially so for a Charity with plans and ambitions for expansion and development, both geographically and in programme depth and spread. The challenge to maintain and develop the quality of the Charity s programmes so they remain world-class is huge. One By One has invested in programme development and subsequent monitoring, evaluation and research,. this investment will continue in 2025. REFERENCE AND ADMINISTRATIVE DAlls Registered Charity number 1145034 Principal address PO Box 762 Rotherham S609JB Trustees D Williams Chairperson L J Benting 1 Silgram (resigned 26.9.2024} G Thomas R Murray (resigned 18.1.20241 Independent Examiner T A Kelliher ACA Enigma Accountants Ltd Office B5, Croft Myl West Parade Halifax HXI 2EQ CEO Rebecca Murray Page 8
One B One Re ort of the Trustees for the Year Ended 31 December 2024 REFERENCE AND ADMINISTRATIVE DEfAIiS Bank HSBC Bank plc PO Box 6201 Coventry CV3 9HW (W0812025 Approved by order of the board of trustees on ............................................. and signed on its behalf by: D Williams - Trustee Page 9
Inde endent Examiner's Re ort to the Trustees of One B One Independent examiner's report to the trustees of One By One I report to the charity trustees on my examination of the accounts of One By One (the Trust) for the year ended 31 December 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act'l. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Direction5 given by the Charity Commission under Section 145{51{bl of the Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or the accounts do not accord with those records- or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. TraGy Kslliher T A Kelliher ACA The Institute of Chartered Accountants in England and Wales Enigma Accountants Ltd Office B5, Croft Myl West Parade Halifax West Yorkshire HXI 2EQ Page 10
One B One Statement of Financial Activities for the Year Ended 31 December 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted fund5 Restrirted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 273,846 307,999 581,845 538,020 Other tradin8 activities Investment income Other income 9,123 20.276 1,931 11,054 20,276 18,200 13,427 21,297 16,100 18,200 Total 303,245 328,130 631.375 588,844 EXPENDITURE ON Raising funds 49.321 2,889 52,210 74,923 Charitable activities Programmatic costs Administrative costs Governance costs 135,468 12.534 15,527 356,875 6.964 197 492,343 19,498 15,724 629,724 28,548 35,784 Total 212.850 366,925 579.775 768,979 Net gains on investments 14,023 NET INCOME/(EXPENDuRE) Transfers between funds 90,395 1173,4101 (38,795) 173,410 51,600 1166,1121 14 Net movement in funds (83,0151 134,615 51.600 1166,1121 RECONCILIATION OF FUNDS Total funds brought forward 567,207 90.124 657,331 823,443 TOTAL FUNDS CARRIED FORWARD 484,192 224,739 708,931 657,331 The notes form part of these financial statements Page 11
One B One Balance Sheet 31 December 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted fund5 Restrirted funds Notes FIXED ASSETS Investment property li 127,000 IZ7,000 127,000 CURRENT ASss Debtors Cash at bank (WO812025 12 33,034 365,878 33,034 590,615 20,349 627,536 224,737 398.912 224.737 623,649 647.885 CREDITORS Amounts falling due within one year 13 (41.7181 (41,718} 1117,5541 NET CURRENT ASSErs 357,194 224.737 581,931 530,331 TOTAL ASss LESS CURRENT LIABILITIES 484,194 224,737 708.931 657,331 NET ASss 484.194 224,737 708,931 657.331 FUNDS Unrestricted funds Restricted funds 14 484,194 224,737 567.207 90.124 TOTAL FUNDS 708,931 657,331 The financial statements were approved by the Board of Trustees and authorised for issue on (M*15 and were signed on its behalf by- L J Benting - Tr ee The notes form part of these financial statements Page 12
One B One Cash Flow Statement for the Year Ended 31 December 2024 31.12.24 31.12.23 Notes Cash flows from operating artivities Cash generated from operations (57,1971 163,248} Net cash used in operating activities (57,1971 163,2481 Cash flows from inve5tin8 activities Interest received 20,276 21.297 Net cash provided by investing activities 20,276 21,297 Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period (36,9211 141,9511 627,536 669,487 Cash and cash equivalents at the end of the reporting period 590,615 627,536 The notes form part of these financial statements Page 13
One B One Notes to the Cash Flow Statement for the Year Ended 31 December 2024 RECONCILIATION OF INCOMEI{EXPENDITURE) TO CASH FLOW FROM OPERATING AcfiviTIES 31.12.24 31.12.23 Net income/lexpenditurel for the reporting period (as per the Statement of Financial Artivitiesl Adjustments for: Losses on investments Interest received Ilncreasel/decrease in debtors IDecrea5ellincrease in creditors 51,600 1166,1121 114,0231 121,2971 32.558 105,626 120,276) 112,685) 175,836) Net cash used in operations 157,197) 163,2481 ANALYSIS OF CHANGES IN NET FUNDS At 1.1.24 Cash flow At 31.12.24 Net cash Cash at bank 627.536 136,921) 590,615 627,536 136,921) 590,615 Total 627,536 136,921) 590,615 The notes form part of these financial statements Page 14
One B One Notes to the Financial Statements for the Year Ended 31 December 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 '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 IFRS 1021 leffective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets. Income All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds. it is probable that the income will be received, and the amount can be measured reliably. Donations are recognised in full in the Statement of Financial Activities when entitled, receipt is probable and when the amount can be quantified with reasonable accuracy. Gift aid receivable is included when claimable ie when the eligible donation is received. Trip contributions are credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless the contribution relates to a trip in a future year. in which case it is deferred. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, 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 accounted for on an accruals ba515 and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants to other organisations are recognised as expenditure when there is a legal or constructive obligation to make the grant. This is usually on receipt of the funding request from the relevant partner organisation. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Investment property Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension cost5 and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 15 continued...
One B One Notes to the Financial Statements- continued for the Year Ended 31 December 2024 DONATIONS AND LEGACIES 31.12.24 31.12.23 Donations Sponsorship Partnerships 500,587 80,433 825 448,857 87,628 1,535 581,845 538,020 OTHER TRADING AcfiviTIES 31.12.24 31.12.23 Flat rent received Other trading activities 8,275 2.779 7,950 5,477 11,054 13,427 INVESTMENT INCOME 31.12.24 31.12.23 Investments 20,276 21,297 RAISING FUNDS Raising donation5 and legacies 31.12.24 31.12.23 Processing fees Fundraising 6,890 45,320 6,099 68,824 52,210 74,923 CHARITABLE A1VITIEs COSTS Grant funding of activities (see note Direct Costs Totals Programmatic costs Administrative costs Governance costs 374.302 19,498 15,724 118,041 492,343 19,498 15,724 409,524 118,041 527,565 Page 16 continued...
One B One Notes to the Financial Statements- continued for the Year Ended 31 December 2024 GRANTS PAYABLE 31.12.24 31.12.23 Programmatic costs 118,041 223,450 TRUSTEES, REMUNERATION AND BENEFITS Rebecca Murray, received remuneration in her role as CEO of the Charity. She resigned as a Trustee on 181112024. No Trustee5 receive remuneration or other benefit for their work with the charity but can be reimbursed for expenses incurred on behalf of the Charity. Total donations from Trustees in the year amounted to £NIL12023 £7661,. donations of £26 were received from Matthew Murray (husband of the CEO}. All honorariums generated by the CEO for speaking engagements are donated directly to the Charity by the donor. STAFF COSTS 31.12.24 31.12.23 Wages and salaries Social security costs Other pension costs 78,557 4,811 67,403 3,101 1,449 87,014 71.953 The average monthly number of employees during the year was as follows= 31.12.24 31.12.23 Employees No employees received emoluments in excess of £60,LK)O. Total rernuneration to key management personnel in the year was £60,37212023-£51,7191. io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcllviTIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 318,086 219,934 538,020 Other trading activities Investment income Other income 9,992 21,293 400 3,435 13,427 21,297 16,100 15,700 Total 349,771 239,073 588,844 EXPENDITURE ON Raising funds Charitable artivities Programmatic costs 72,821 2,102 74,923 167,233 462,491 629,724 Page 17 continued...
One B One Notes to the Financial Statements- continued for the Year Ended 31 December 2024 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACtIVlTIES - continued Unrestricted funds Restricted funds Total funds Administrative costs Governance costs 21.418 2,872 7,130 32,912 28,548 35,784 Total 264.344 504,635 768,979 Net gains on investments 14,023 14,023 NET INCOMEI{EXPENDITURE) Transfers between funds 99,450 1102,1631 1265,5621 102,163 1166,1121 Net movement in funds {2,7131 1163,3991 1166,1121 RECONCILIATION OF FUNDS Total funds brought forward 569.919 253,524 823,443 TOTAL FUNDS CARRIED FORWARD 567,206 90,125 657,331 ii. INVESTMENT PROPERTY FAIR VALUE At l January 2024 and 31 December 2024 127,000 NET BOOK VALUE At 31 December 2024 127,000 At 31 December 2023 127,000 Fair value at 31 December 2024 is represented by- Valuation in 2023 Cost 14,023 112,977 127,000 If investment property had not been revalued it would have been included at the following historical cost.. 31.12.24 31.12.23 Cost 112,977 112,977 Investment property was valued on an open market basis on 31 December 2024 by the Trustees. Page 18 continued...
One B One Notes to the Financial Statements- continued for the Year Ended 31 December 2024 12. DEBTORS: AMOUNTS FALLING DUE WH1N ONE YEAR 31.12.24 31.12.23 Other debtors Accrued gift aid Accrued interest Prepayments 4,745 5,369 2,329 20,591 644 7,190 4,131 8,384 33,034 20,349 13. CREDITORS: AMOUNTS FALLING DUE WH1N ONE YEAR 31.12.24 31.12.23 Trade creditors Other creditors 7,720 109,834 40,254 41,718 117,554 14. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.12.24 At 1.1.24 Unrestricted funds General fund Unrestricted funds Strategic funds 308,499 120.188 138.520 2,330 88,067 1187,661} 36,851 {22,600} 123,168 245,106 115,920 567.207 89.997 (173,410) 484,194 Restrirted funds Dignity Project Kenya Pakistan Afghanistan Sri Lanka Uganda Rwanda Mercy Centre 10.347 19.564 13,9281 6,102 (97,4581 16,1861 (40,3811 (43,8811 19,4711 156.406 6AIg 25,666 97,458 6,186 54,027 13,646 43,881 9,471 22,600 179,006 90.124 (38,3971 173,410 224,737 TOTAL FUNDS 657.331 51,600 708,931 Page 19
One B One Notes to the Financial Statements- continued for the Year Ended 31 December 2024 14. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are a5 follows- Incoming resour$ Resources expended Movement in funds Unrestricted funds General fund Unrestricted fund5 2,327 300,918 2,330 88,067 1212,851} 303,245 (212,848) 90,397 Restricted funds Dignity Project Kenya Pakistan Afghanistan Sri Lanka Uganda Rwanda Mercy Centre 10,944 64,758 49,309 {14,872} {58,656} 1146.767} (6,186} {63,444} (44,607} {9,795) (22,600} (3,928) 6,102 {97,458) (6,186) {40,381) {43,881} (9,471) 156,406 23,063 726 324 179,006 328,130 (366,927) 138,797) TOTAL FUNDS 631,375 1579.775) 51,600 Comparatives for movement in funds Net movement in funds Transfers between funds At 31.12.23 At 1.1.23 Unrestricted funds General fund Unrestricted funds Strategic funds 308,500 30.419 231.000 308,500 120,187 138,520 99.451 19,6831 192,4801 569,919 99,451 {102,163} 567,207 Restricted funds Dignity Project Kenya Pakistan Afghanistan Sri Lanka Uganda Rwanda 18,159 162.819 26,220 6.186 40,140 17,8121 1143.2551 {80,0631 10,347 19,564 53,843 6,186 54,027 13.719 (46,5251 11,6271 168 46,525 1.627 253,524 1265,5631 102,163 90,124 TOTAL FUNDS 823.443 1166.1121 657,331 Page 20 continued...
One B One Notes to the Financial Statements- continued for the Year Ended 31 December 2024 14. MOVEMENT IN FUNDS- continued Cornparative net rnovement in funds, included in the above are as follows- Incoming resour5 Resources expended Gains and losses Movement in funds Unrestricted funds Unrestricted funds 349.771 1264.3431 14,023 99,451 Restricted funds Dignity Project Kenya Pakistan Sri Lanka Uganda Rwanda 15,044 86.406 77,039 13,887 26.146 20,551 {22,8561 1229.6611 1157,1021 11681 {72.6711 (22,1781 17,8121 1143,2551 180,0631 13,719 146,5251 11,6271 239.073 1504,6361 1265,5631 TOTAL FUNDS 588,844 1768,9791 14,023 1166,1121 The Trustees recognise the importance of establishing a reserves policy in line with the Charity Commission s CC19 Charity Reserves: building resilience. The Charity will keep under regular review the level of its reserves and its reserves policy and will review this policy at least annually. The Charity will continue to run its finances in an efficient and cost-effective manner with the objective of maintaining a balanced budget and to get the maximum value from the Charity expenditures. However, the Charity recognises that there are inherent uncertainties in the budgeting process and that prudent financial managernent may require the maintenance of unrestricted reserves in certain circumstances. The Charity has identified through a risk review process that it may have to hold reserves for designated purposes. The level of each designated reserve is reviewed on an annual basis. Designated Strategic Plan Reserve This reserve recognises that current operating income may not be available to explore new strategic opportunities involving new projects or programs in countries where the Charity already operates or in new parts of the world. This reserve may also be required to help fund the closure of existing projects or programs that no longer meet the goals of the Charity- The quantum of this reserve will be determined by specific items within the Charity s strategic plans for growth and expansion. The Charity expects items in this reserve to be utilised within two to three years of its creation. General Reserves The Board reviews the financial risks facing the Charity and the financial needs of the Charity on a regular basis and in response creates reserves to offset these risks and/or meet the needs. The Charity needs to ensure that it has sufficient general reserves to meet its immediate liabilities and commitments such as salaries, rents and other committed expenditure, not covered by specific funding with restricted reserves. The Trustees consider a reserve policy of between three and six months of expenditure is required. These are held to further the Charity s aims both in the UK and overseas. these aims are stated in the objectives and activities section in the Trustee Report. Page 21
One B One Notes to the Financial Statements- continued for the Year Ended 31 December 2024 14. MOVEMENT IN FUNDS- continued Dignity Project These are donations received for the Dignity Project Work internationally. Kenya These are donations received for the work in Kenya. Pakistan These are donations received for the work in Pakistan. Afghanistan These are donations received to support the ongoing humanitarian crisis in Afghanistan. Sri Lanka These are donations received for the various areas of work in Sri Lanka. Uganda These are donations received for the various areas of work in Uganda. Rwanda These are donations received for the various areas of work in Rwanda. 15. RELATED PARTY DISCLOSURE5 Expand Consultancy is a limited company owned and run by Matthew Murray, husband of Rebecca Murray and provide5 PR, fundraising and media consultancy service5 for One By One. Expand Consultancy Limited received £46.45012023 £41,950) for services provided during the year. In addition. Matthew Murray was paid £4,20012023= £8,300) for PR. fundraising and consultancy services. No monies were outstanding at the year end. There are no other related party transactions in either the current or prior year. Rebecca Murray is CEO and founder of both One By One UK and One by One USA. She receives a salary from One By One UK but does not receive any salary from the US organisation. In September 2024 a new company was formed- One By One International Limited. The 3 directors are also the current Trustees of the Charity. The company was dormant at 31 December 2024. Page 22
One B One Detailed Statement of Financial Artivities for the Year Ended 31 December 2024 31.12.24 31.12.23 INCOME AND ENDOWMENTS Donations and legacies Donations Sponsorship Partnerships 500,587 80,433 825 448.857 87.628 1,535 581,845 538,020 Other trading activities Flat rent received Other trading activities 8,275 2,779 7,950 5.477 11,054 13,427 Investment income Investments 20,276 21,297 Other income Team trip contributions 18,200 16.100 Total incoming resources 631,375 588,844 EXPENDITURE Raising donations and le8acie5 Processing fees Fundraising 6,890 45,320 6.099 68,824 52,210 74,923 Charitable activities Wages Social security Pensions Programme development Awareness Travel & hospitality Insurance Marketing & website Telephone Consultants & professional fees Subscriptions Software Property costs Postage and stationery Carried forward 78,557 4,811 67.403 3,101 1,449 92,479 110.059 32,904 385 4,077 1,086 94,538 266 3.277 7,548 3,416 421,988 150,810 83,849 19,598 430 6,284 822 26,600 147 2,302 2,089 2,419 382,364 This page does not form part of the statutory financial statements Page 23
One B One Detailed Statement of Financial Artivities for the Year Ended 31 December 2024 31.12.24 31.12.23 Charitable activities Brought forward Bookkeeping Bank charges Legal and professional fees Accountancy Independent examination Grants paid 382,364 10,029 1,407 13,024 1,200 1,500 118,041 421,988 12.107 727 33.084 1.200 1,500 223.450 527,565 694,056 Total resources expended 579.775 768.979 Net income/(expenditurel $1,600 1180,1351 This page does not form part of the statutory financial statements Page 24
rl This page does not form part of the statutory financial statements Page 24