THE ONE FEEDS TWO FOUNDATION
Registered Charlty number: 1153474
TRUSTEES, REPORT AND UNAUDITED ACCOUNTS
30 April 2023

THE ONE FEEDS TWO FOUNDATION
TRUSTEES, REPORT FOR THE YEAR ENDED 30APRIL 2023
LEGAL AND ADMINISTRATIVE INFORMATION
Registered Charlty Number: 1153474
Trustees:
Mark Christophers
Owen Burton
james Peter Campbell
Prlnclpal Offlce:
14 Cawdor Street
Nairn
Inverness
IV12 4QS
Accountants:
Knight Goodhead Llmlted
7 Bournemouth Road
Chandler's Ford
Eastleigh
Hampshire
S053 3DA
Bankers..
Virgin Money
14 Cawdor Street
Nairn
IV12 4QS

THE ONE FEEDS TWO FOUNDATION
TRUSTEES, REPORT FOR THE YEAR ENDED 30 April 2023 {continued)
The trustee5 present their report and unaudited accounts for the year ended 30 April 2023.
The accounts have been prepared in accordante with the actounting policies set out in note I to the
accounts and comply with the charity's governing document, the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFR51021. the Charities, Statement of Recommended Practice
applicable to charities preparing their accounts in accordance wtth FRS 102, and the Charities Act 2011.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The One Feeds Two Foundation is governed by the constitution adopted on 20 Au8USt 2013. It was
established as a Charitable Incorporated Or8anisation on 20 August 2013. The Charity'5 re815tration
number is 1153474.
The trustees who served durin8 the year were..
Mark Christophers
Owen Burton
james Peter Campbell
The trustees may appoinl additional truslees as and when ihe need arises and any training needs are
assessed when necessary.
OBJEcfivE5
The objective of the Charity is that of the prevention or relief of poverty by providing food and a means
to an education Ithrough contractors operating grassroots projects1 for children suffering from extreme
poverty as a way to enable such children to work their way out of poverty.
The charity will also Serve this purpose by raising awareness of child hunger and extreme poverty and
encouraging the provision of support to relieve thi5 need.
The CIO ha5 Set up a wholly owned trading subsidiary. One Feeds Two Limited for the purpose of
licensin8 the charity's brands to businesses in return for providing 5choo15 meals to the world'5 poorest
children.
RISK ASSESSMENT
The trustees have undertaken a review of the risks to which the charity is exposed. and e5tabli5hed
Sy5tem5 to manage these risks.

THE ONE FEEDS TWO FOUNDATION
TRUSTEES, REPORT FOR THE YEAR ENDED 30 April 2023 {continued)
AcTIV￿lEs ANO ACHIEVEMETr¥rs
Meal Oonations
One Feeds Two's partners reported their 23.000.01￿hh school meal in total towards the end of the
period. Over this period they have reported 5.150.498 school meals, or the equivalent of providing
daily school meal for 25,752 thildTen for the COUTse of a school year.
Food Company Partnerships
We continued our fruiiful partnerships with COOK. Mindful Chef. Epic Restaurants Itrading as Rola
Walal, Eventist Group, Oltys Snacks and The Good Market Companv.
Two of our partners achieved si8nificant milestones durin8 the period Imindful Chef - I5.500,C￿)0 and
COOK - 3,5LIJ,000 school mea151. To coincide with these milestones we did presentations to staff at
COOK and Mindful Chef to thank them for their generous support and to discuss the transformative
impact that the school meals have on the local communities.
We launched an exciting new partnership with Rick Stein Itrading as Stein Trading Ltd and Seafood
Tradin8 Ltd), visitin8 their team and facilities in Padstow, Cornwall in September 2022. We also finished
our financial year with signing a new partnership with Total Food Control Ltd (Trading as Lollipop) an
innovative online recipe platform.
We farewelled our partner, Healthy Yummies, who sadly went into administration.
Internatlonal Expansion
Our USA presence, via One Feeds Two USA. sprun8 back io life followin8 the COVID lockdowns of 2020
and 2021. One Feeds Two USA added Naansense to their list of partners.
We chose not to charBe the USA entity a management fee to reflect the intention to leave as many funds
as possible for developing the concept locally and the negligible increase in operating costs incurred bv
cenlral operations from supporting the USA team.

THE ONE FEEDS TWO FOUNDATION
TRUSTEES, REPORT FOR THE YEAR ENDED 30April 2023 (continued)
Distribution Partner5
Through this period we focused our financial support on our primary distribution partner. This has
assisted them in their efforts to Scale their operations and to keep the cost of the school meals
reasonably contained during o period, particularly when considering the level of global inflation.
This year saw a welcome return to 5chool-based feeding following the COVID pandemic when our
distribution partners pivoted their entire operations from bein8 school-based feeding programmes to
being able to feed the students who were forced to do home learning.
Operational Costs
The Foundation has continued io operale with the Truslees volunteerin8 their time on a pro bono basis.
It is recognised that as the organisation grows we will need to keep this under review.
Lookin8 Forward
Our intention is to partner with more Food Companies throughout the UK and USA to increase the
volume of school mea15 that our partnerships can fund. The trustees intend to conduct a review of our
strateBy and operations has we head into our second decade.
FINANCIAL REVIEW
The charity made a surplus for the year of £59,26212022: £69,629) which was made up of a surplus of
£48.55512022.' surplus £83,940) related to unrestrirted funds and a surplus of £10,707 12022: deficit
£14.3111 from restricted funds. The year end restricted funds balance of £12.292 12022.. £1,585)
represents unspent income in the meal donations fund. At the balance sheet date total funds were
£212,63612022.' £153,374).
RESERVES POLICY
It is the charity's policy to retain reserves sufficient to cover the equivalent of three months of overhead
Costs. At the balance sheet date the unrestricted fund5 were £2CQ,344 which is in exces5 of the reserves
policy.

THE ONE FEEDS TWO FOUNDATION
TRUSTEES, REPORT FOR THE YEAR ENDED 30Aprll 2022 {contlnued)
STATEMENT OF TRUSTEES RESPONSIBILMES
The trustees are responsible for preparing the Trustees Annual Report and the accounts in accordance
with applicable law and United Kingdom Atcounting Standards Iunited Kingdom Generally Atcepted
Accounting Practice).
The law applicable to charities in England and Wale5 requires the trustees to prepare account5 for each
rinancial year which give a true and fair view of the state of affairs of the charity and of the income and
expenditure of the charity for that year.
In preparing these accounts, the trustees are required to:
select suitable accountin8 policies and then apply them consistentlv..
observe the methods and princlples in the Charities SORP-
make judgements and estimates that are reasonable and prudent,.
state whether applicable accounting standards have been followetl, subject to any material departures
disclosed and explained in the accounts, and
prepare the accounts on the goln8 concern basis unless It Is inappropriate to presume that the charltv
will continue in operation.
The trustees are responsible for keepin8 sufficient accounting records that disc105e with reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the accounts
comply with the Charities Act 2011, the Charity SORP and the provisions of the trust deed. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
On behalf of the board of trustees
Owen Burton
Trustee
Dated.. 0812812024

INDEPENDENT EXAMINER'S REPORT
TO THE MEMBERS OF THE ONE FEEDS TWO FOUNDATION
I report to the trustees on my examination of the financial statements of One Feeds Two Foundation for
the year ended 30 April 2023.
RESPONSIBILITIES AND BASIS OF REPORT
As the trustees of the charity you are responsible for the preparation of the financial statements in
accordance with the requirements of the Chartties Act 2011.
I report in respect of my examination of the chartty'5 financial statements carried out under section 145
of the 2011 Act. In carrying out my examination I have followe(1311 the applicable Directions Biven by the
Charity Commission under section 1451511bl of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Slnce the charity's gross income eyceeded £250,Ci)O your examiner must be a member of a body listed in
section 145 of the 2011 Act. I 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 examinatlon. I confirm that no matters have come to my attentlon In connectlon
with the examination giving me cause lo believe that in any material respect..
11 accountlng records were not kept in respect of the charity as required by section 130 of the 2011 Act;
or
21 the financial statements do not accord with those record5; or
31 the financial statements 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 anv
requirement that the accounts give a true and fair view which 15 not a matter considered as part of an
intlependent 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 financi31
statement5 to be reached.
CJ GOODHEAD FCA
Knight Goodhead Limited
7 Bournemouth Road
Chandler's Ford
Ea5tleigh
Hampshire, S053 3DA
Dated.. 0812812024

THE ONE FEEDS TWO FOUNDATION
STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 30 April 2023
Ilncludin8 Income and Expenditure Account)
Restricted Unrestricted
funds
funds
Total
2023
Total
2022
Notes
INCOME
Charitable activites
261.104
51,837
312,941
360,058
TOTAL INCOME
261.104
51.837
312.941
360,058
EXPENDITURE
Charitable activities
250.397
3,282
253,679
290,429
TOTAL EXPENDITURE
250.397
3.282
253,679
290,429
NET INCOME FOR THE YEAR
10,707
48,555
59,262
69,629
FUNDS BALANCE AT30 APRIL 2022
1,585
151.789
153,374
83,745
FUND BALANCE AT 30 APRIL 2023
12,292
200,344
212,636
153,374
The Statement of Financial Activities includes all gains an(1 losses reco8nised in the year.
All income and expenditure derSves from continuing activities.

THE ONE FEEDS TWO FOUNDATION
BALANCE SHEET AT 30 April 2023
Notes
2023
2022
FIXED ASSETS
Intangible assets
Tangible assets
Investments
350
950
351
951
CURRENT ASSETS
Debtors
Cash at bank and in hand
149,177
157.544
157,170
101,308
306,721
258,478
CREDITORS.. amounts falling
due within one year
io
194.4361
1106,0551
212,285
152,423
NET ASSETS
212,636
153,374
FUNDS
Restricted funds
Unrestricted funds
li
li
12,292
200,344
1,585
151,789
TOTAL FUNDS
12
212.636
153,374
Approved by the board of trustees on
and signed on its behalf bv
0812812024
Owen Burton
Trustee

THE ONE FEEDS TWO FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 April 2023
ACCOUNTING POLICIES
al Accountin8 convention
The accounts have been prepared under the historical cost convention. in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. the Charities, Statement of
Recommended Practite applicable to charitie5 preparin8 their actounts in accordance with FRS 102, and
the Charities Act 2011.
bl Income
All income is included in the Statement of Financial Activities when the charity 15 unconditionally entitled
to the income and the amount tan be quantified with reasonable accuraey.
Donations and grants receivable are recognised in the Statement Of Financial Artivity in the year in
which they are receivable.
cl Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the cate80ry. Expenditure is not netted off against relating income and is
shown inclusive of VAT which cannot be retlaimed.
dl Fund accounting
Funds held by the charrty are either:
Unrestricted general funds
Funds which can be used in accordance with the charitable
objects at the discretion of the trustees.
Funds that tan only be used for particular restricted purposes
within the objects of the charity. Reslrittions arise when
specified by the donor or when funds are r3ised for a particular
restricted purpose.
Restricted funds
el Intangible assets
Trademarks are written off in equal annual in5talments over their estimated useful etonomit life of ten
years.
The investment in shares held in the trJding subsidiary is stated at cost.
fj Tangible assets
Fixed assets are stated in the balance sheet at Cost less depreciation. Assets are only capitalised when
purchase cost is equal to or greater than £l(KJ.
Depreciation is provided so as to wrfte off the cost of the fixed assets, less their residual value, over
their estimated useful live5, at the following rate5-
Website
Computer equipment
50% straight line
20%- 50% straight line

THE ONE FEEDS TWO FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 April 2023 (continued)
LEGAL STATUS
The charity is an charitable incorporated organisation and registered with the Charity Commission in
England and Wales on 20 August 2013. The charity is a public benefit entity.
INCOME
Restrirted Unre5tri(ted
tunds
funds
Total
1023
Total
2022
Donations
Management fees
261.104
261,104
51,837
312,941
271,725
88,333
360,058
51,837
51,837
261,104
CHARITABLE ACTIVITIES
Restrkted Unrestrorted
funds
Total
2023
Total
2022
Costs dlrectly ollocoted to octivities..
Grants
250,397
250,397
286,036
Support costs..
Computer and webslte costs
Subscriptions
8ank charges and interest
Travel
Accountancy and independent examination
Amortisation
Advertising
360
348
24
360
348
24
360
418
22
1.950
1,950
600
1,620
600
1,374
290,429
250,397
3,282
253,679
Included within accountancy and indepen(lent examination are amounts due to the independent
examiners of £1,30012022: £1,150) for completing the independent examination.
io

THE ONE FEEDS TWO FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 April 2023 (continued)
STAFF COSTS
2023
2022
Wages and salaries
Social security costs
No employees received emoluments over £60,￿0 during the current or prior years. No kev
management personnel have received any remuneration in the current year12022.' £nill.
Neither the tru51ees, nor any per50n5 connected with them, have received any remuneration or
reimbursed expenses in the current or prior years.
The average number of employees during the year was 012022: 01.
INTANGIBLE ASSETS
Trademark5
COST
At beginning and end of year
6,000
DEPRECIATION
At beginning of year
Charge for year
At end of year
5,050
600
5,650
NET BOOK VALUE
At end of year
At be8innin8 of year
350
950
TANGIBLE ASSETS
Webslte
Computer
costs equlpment
Total
COST
At beginning and end of year
6.075
1,201
7.276
DEPRECIATION
At beginning anil end of year
6,075
1,201
7,276
NE[ BOOK VALUE
At end of year
At beginning of year
li

THE ONE FEEDS TWO FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 April 2023 (continued)
INVESTMENTS
Total
Investment in subsidiory undertaking held ot historic cost
At beginning and at end of year
DEBTORS
2023
2022
Amounts owed from subsidiary undertakings
Prepayments and accrued income
56.272
92,905
149,177
81,240
75,930
157,170
10 CREDITORS.. amount5 falling due within one year
2023
2022
Accruals
94,436
94,436
106,055
106,055
11 FUNDS
Balance
atlmay
2022
Balanc•
at 30 Apr
2023
Incomè Empendlture
RESTRICTED FUNDS
Meal donations fund
1,585
261,104
1250,3971
12,292
UNRESTRICTED FUNDS
General fund
151,789
51,837
13,2821
200,344
TOTAL
153.374
312.941
1253,6791
212,637
12

THE ONE FEEDS TWO FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 April 2023 (continued)
li
FUNDS lcontinuedl
PRIOR YEAR COMPARATIVE
Balance
Balance
atlmay
at 30 Apr
2021
Intomè ExpÈndlturè
2022
RESTRICTED FUNDS
Meal donations fund
15,896
271,725
1286,0361
1,585
UNRESTRICTED FUNDS
General fund
67,849
88,333
14,3931
151,789
TOTAL
83,745
360,058
1290,4291
153,374
Meal donotionsfund
The meal donations fund includes donalions received from participatin8 Partners in relation to meals
sold. The funds are used to issue grants to contractors operating grassroots projects in support of the
charitable objectives.
13

THE ONE FEEDS TWO FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 April 2023 (continued)
12
NE[ ASSETS BY FUND 2023
Restricted Unrestrlcted
funds
funds
Total
2023
Intangible assets
Tangible assets
Investments
Current assets
Current liabilities
350
350
103,638
191,3461
203,083
13,0901
306,721
194,4361
TOTAL ASSETS
12,292
200,344
212,636
NET ASSETS BY FUND 2022
Re5trirted Unre5trirted
funds
funds
Total
2022
Intangible assels
Tangible assets
Investments
Current assets
Current liabilities
950
950
102,120
1100,5351
154,773
256,893
15,5201 1106,0551
TOTAL ASSETS
1,585
150,205
151,789
13
RELATED PARTY TRANSACTIONS
One Feeds Two Limited is a wholly owned subsidiary of the One Feeds Two Foundation.
One Feeds Two Limited donates all its profrts to the One Feeds Two Foundation for use towards its
charitable objectives.
During the year One Feeds Two Limited made donations amounting to £254,68612022- £271,295) to the
One Feeds Two Foundation. and also paid management charges of £51,83712022.' £88.3331, which is the
portion of donations that are for covering overheads.
At the balance sheet date, the charity was owed £56,272,12022.. £81,240) from One Feeds Two Limited.
14

THE ONE FEEDS TWO FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 April 2023 (continued)
14
COMPARATIVE STATEMENT OF FINANCIAL AcfiviTIES
Ilncluding Income and Expenditure Account)
Restricted Unrestrlrted
funds
funds
Total
2022
INCOME
Charitable activites
271,725
88,333
360,058
TOTAL INCOME
271.725
88,333
360,058
EXPENDITURE
Charitable activities
286.036
4,393
290,429
TOTAL EXPENDITURE
286,036
4,393
290,429
NET INCOME FOR THE YEAR
114,3111
83,940
69,629
FUND BALANCE AT 30 APRIL 2021
15,896
67,849
83,745
FUND BALANCE AT 30 APRIL 2022
1,585
151,789
153,374
15