Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
Charlty Irgisti'atlon numbei. 1164S23
Compfiny reglstrotlon iiumbei. 09497463 ngland and Wales)
ONETRUST
ANNUAL REPORT ATr4D f*lNANCIALSTATEMENTS
FOR THE YEAR ENDED31 MARCH 2024

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONE TRUST
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
D Pyper
M Lennard (Chair)
WRLOlmi
M H Stennett
C Biyant-Dunn
Charity numbei.
1164523
Comi)Iny number
09497463
PrlncÉpAI address
The Light Bulb Unit Lu.Crl,
l Filament Walk,
London, Engl4nd,
SW184GQ
Registeiyd office
Tlie Light Bulb Unit Lu.Crl,
Filament Walk,
London, En¥land.
SW18 4GQ
Auditor
LB Group Limited
19th Floor
I Westfield Avenue
Stratford
E20 IHZ

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONE TRUST
CONTBNTS
PAge
Trustees, report
Statement of Trustees, resw>risibilities
Independent audiioi's report
10- 12
Statemet)t of financial actEVlties
E3
Balanee sheet
14
Statement of cash tIow5
15
Nol¢s lo the fitiancial statements
16-26

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONE TRUST
TRUSTEII S. REPORT (JNCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
TheTruste¢s present their annual report and fin&ncial stat¢menls for the year ended 31 March 2024.
The accounts have be¢n pr¢pared in accordance with the accounting policies set out iii note I lo tl)e aeeounls and comply with
the chai'ity's Mernoiartduni and Articles of Association, Ihc Companies Act 2006 and"Accounting and Reporting by CharitiES-.
qtatemcnt of Recoi#mended Practice applicable to chai'ilies prepariiig their account5 in accordaiice widi the Financial Reporting
SÉandard applic&ble iii th¢ UK and Kepublib of Ireland IFRS 1021 leffe¢tive l January 2015)"
Objectlve5 atllvlties
The C.onJpany has been established for public bEnEfit to..
Provide a range of personolised support to adults with learning disabilities whts may also have a phy5iGal disability
andlor einotional difficulties,. andloi. niediral conditions.
Pursu¢ 5u¢h other Vliavilable purposes ¢oi)sistent wEth the abcve as the Th]stees in th¢ir absolute discretion shall
dderinine (together the"Objects-).
There ha5 been no ¢han8e to these objectives and a¢tivities dur￿lIg the P¢Tiod whilst Ihc vi5iott Jtid misston foi. 01￿ Trust as an
or8aiJisation translate these objectives into a longei'.teYm slraltgy. namely.,
Tlie One Trust visio
To deliver outstanding and inspiring sevvices gnd opportunities ti) people wÈth leaming disability and th¢ii families ellabling
th¢in to reali5e their aspirations and ¢njoy br08d and fulfilling liv¢s.
Our mlssion
Providing outstanding service. opportunity, Iheixpy. a￿d respite to individuals with learnKn8 dlsability and iheij. families.
Nurturin8 a Comi￿unity of open partnership with familie$ and suppirt¢rs via ali i115Pit¢d, valued, agile al￿ sp¢¢ialised
workforce, and ihe embracement of research and development. This iEsults in the ultiniate provision of personali5ed 5UPPOrt.
Int)ovative, safe. p¥o￿tIVe, flexible; dedicaled lo inclusivity and equality, On¢ Trust Iljspires.
The Trustees h&ve paid due regard to guid8n¢e issued by the Charity Cominission lil deciding what a¢livilies the charity should
undertake.
Summaiy of tht m8111 IlCtlvÉties in relation to those purposes for the publlc benefit. in pai'ticvlxr, the ActtvitieS* pi'oleets
oi. services Identified Sn the fieCOUJkts.
Actlvllles/seTviees
P¢ople with leai*irtg disabilities are often th¢1¢35t understood, least visible, and mostvulnerable Ine1￿be1$ of socÉety, One Trust
is dedicated to siipporting this coinniiinity. We seek to PTovid¢ tlie best day p05sihlt through the piDvision of a broad range of
social. therap¢utiE aDIl personal care. As a iysult, farnily raTers reccive ti'ue respite, in the k210wledge that Iheii. family member
Is safe, engaged in i))eanit)gful and per.wn-ccntrcd activities and suppoited by people with ex￿l'tIs¢ itnd experience who
¥enuinely care. On¢ TNst provisioll often provides the support fainilie5 need to Continue cai'jii8 for their family inembErs at
home.
To ac¢¢ss our sErvire5, people must be over the age of 18 and have a leariting disability- All accepted ref¢tYals are on a 5POt
purGhase basis. Accepting referrals is baged Upon the suitability of our PTovision and the peison'5 Ivlsh io access our SeTvice
offeritkg. Since our in¢¢ption in 2015, we have become inor¢ specialised. Strategically, we are now commitled to fjlling th¢
void of provision fov people with profound and inultiple leaming disabilities IPMLDI, Snd t1105¢ Lrquiring positive behavioural
support (PBSI. We aK¢ broadly T￿E￿iSed by coinmlssione￿ as E high-quality, spe¢ialisl provider.
Di$¢ontlnued provlsio
Duvillg ttLe firEt t¢n montl?s of the financial year, Ojie Trust delivered provisioth froni 5 establithed servi¢e sites.
ChLireh Lane, a purpose de5ign¢d and resourced building e8tablished to support the specific and ¢omplex needs of individuals
with {PMLDI. This buildia]g Iioused facilities ih8¢ allowed One TINSI lo deliv¢i' theiypies and complex care that would
otherwise be impossible in a ¢omiiiunity 5¢tting. Whilst servsce users received moiE 5p¢Giali5ed sllpport at the building, Ih¢y
also mad6 full use of everyday resources in the community.

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONE TRUST
TRUSTEES, REPORT (INCLUDINC DIRECTORSI REPORT) (CONTINUEI D)
FOR THE YEAR ENDED31 MARCH 2024
Church Lane facilities itscluded..
Sensory room
Mu%ic thC￿pY cabin
Physiolherapy Toom
Ma9sage IDOM
G￿l￿en1 seiisory garden
Gai'den cabins
Wet l'oom changing facillties.
Ceiling track lioists
We also OP¢Tated fmin three social bases in Putney, Walldsworth, &rsd Tooting. These were in community buildings aajd shared
with other coinmunity groups. The basE5 Ptovided a safe space to deliver a range of activities and easy &iid frequent access to
everyday cojnmunity r¢sour¢es.
Wxndsworth co￿￿¢11 eoneessiTrn eontnLCt
Siiice October 2015. & siz&ble portioti of our refcrrals Iiad Come to us from Wand5wor¢li Council. Our initial contract terms
were a 4, plus 4 concession conlix¢ls. The COllC¢S51QtI was the use of our Church LAne site, o buildillg, 5peGi&lly adapted to
cater foi. the need5 of individuals with PMLD.
In May 2023, Wand5WOrth CouncEI look the decision to pl￿Cure 5eivices through a framewoi'k agi'etmeni. setting out the
crtteria foi. inclusiom on their framework and an indicativ¢ budget foi. variou5 lols Ihal would be put out to tende¥. The lot of
interest to One Trust was the provision of specialisl p14ced based services.
After car¢fvl consideraiion of the temis of thE framework ai)d itutic&tsve budgrt for sllpplying services. the One Thwst Chief
Exe¢ulive, suppoited by the BoaiQ, took the deci510rt not to apply to join the fi2mework. This decision was b6sed on One
Trnst's ¢ore piillciple, naniely, to provide exceptional services. The Board conGILided that tlw terms of the framework would
gmpromise the Charili¢s' ability to deliver higli quality provision alld iEtnaÉn a going concern. In the opinion of One Tivst, it
was agreed that joillsng the fr8niewoTk would not be in the best interests of seivi¢e us¢i3 and would col￿proMise seivic¢
standa¥ds for the LeaiTring Disability comMu￿lty in the future.
Following Wandswortli Council's unsuccessful pro¢urenJent exereise, Tlie Chii'ity entev¢d itjto t)e8OtiatlOll5 Wlth the Council to
eKlend th¢ concession LODtrac¢ by 12-niontlis, to allow the Council to retejider the pY(>vision. Oui. ncgotiAting position with the
Coun¢il, was to SUPPDrt a number of stivic¢ users tiansilion to suitable alternative providers aiid negotiate a long-term
agi'eemeTht to retain u5¢ Of the Chvr¢h Lane site to conltnye our specialisni, supporting individuals with PMLD. Two weeks
prior to th¢ end of the con¢ession conlract ¢xpiratitsn, negotiations broke down with Wandswoith CoEJncil. A short extension
was agreed, extenditlg the ¢ontra¢t to the 3 1st of january to allow for a handovei. to (heir new prefei'red providcr.
One Tr'ust's shryLtegÉc obJeetlves.
In 2022, One Trust 5Ct out 2-4-year strale8y, to ti?nsform services and iiiove away from ov¢r reliance 01) one funder.
Strategi¢ objeeliv&8 includ4
DiversificatlDrt Df fundiiig sourc¢5.
To provide a market leading PMLD 5¢rvi¢¢ model atjd building.
To PTovid¢ a marker leading PBS seYvi¢¢ model and buildsng.
Develop a n)arket leading quality framework and practiCE 51andards and the expand through influ¢Th¢4 advissng
coinmissiot)ers and other OiEanisatiDns.
LnEage in reseai'ch and development, Seeking contii)UOU5 iinprovement and outcomes for setvice users and their
famElies.
Devclop an in-house market leading training and development pmgram specialising in PMLD, PBS aiid buil¢ aiound
One Tmst's mai*et leadin8 qLtality fvam¢work stalldaTds.

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONE TRUST
TRUSTEES, REPORT (INCLUDING DJREcfoRS' REPORT) (CONTINUE4 D)
FOR THE YEAR ENDED 31 MARCH 21124
Tlie strategy is underpinned by the development of Iwo distiiict 5crvi¢es and service site5. One taterin8 for PEopl¢ with PMLD,
and cn¢ to support individuals with leai'niiig disability iEquiring behaviDral suppoil. Othe Tvusl had already identified a void iii
more spe¢ialisl provTSiOii and th¢ impact this wa5 having on individuals and their familie5. Over a period of sEv¢r41 years, Inost
of the Charities, ieterrals liav¢ been for pcoplc with profound, cotnpl¢x, and ¢halletl8ing ne¢d5. The Charity vecognised that it
did not have the capacity to meet demand for its services. Ill late 2022, a suitable sile was identified to develop a bchavioral
support ieivice aiid &ieEotialions conim¢nced wilh thB landloiyl, Wot*spaee. One Tiust had hoped to secuir the continued use of
its Church Latte site Oll a long l¢ase, to house the PMLD PTOV1510tI, unforluiiot¢ly tliis was Iiot accepted by Wattdswoiih
Council.
Following the fail¢d iiegotiatlOn5 for the use of the Cliurch Lane site, a decision was made to offer existing seTvice users, those
not funded b>. Wandswoylh Couneil, a¢cess to ptDvision at our new site. The Light Bulb, l Filament Walk, Wandsworth, SWI 8
4GQ. Alongside a l'ushed exit fiY)In our concession contract with Wandsworth CounGil, we weie able to deliver the
refuiSishmcnt of the Light Bulb, uii budget and on tiine. The service went live oil the I st of February to dovetail with tl)e end
ofour contraci with Wandsworth Council, this provid¢d Inu¢li iieeded service continutty foj. Ihc people transferring.
Post Llllltbch of the Light Bulb
Since moviiig to the LÈght Bulb, we liave taken this oppothinity to ¢oiisolidate our good pi'adi¢e, enibed a i)ew quality
framework, restru¢rure the team, and review our sei'vi¢e offering and transport pi'ovision. Ov¢rwhelmingly, people and thei¥
families have been posEtive about the iiew look 5eTvi¢e olld our IEpiilalion wilh families, COTnmissioii¢TS, schoo15, and tollegts
rtimains very gotsd. We llow wot& with SWL ICB. Merton, Lanibeth, Souihwai'k, Killgston, and Suttoii alld have received
nujnerous referrals since the 1st of Febnjary. In additioiTr, sevei21 Wandsworth Council fuiided servkce users h&v¢ wuested
diirct payinEn15, su Ihat thty cats use our seivices ou14ide Ilic Waiid5woiih Council framework. Whilst the tnteres¢ in our
seivice is positiv< w¢ once agasn fiiid ourselvcs lrt a position W,he￿ demand for oui. seivices exGEeds our capacity.
Strate8ic&lly our position ha5 tiot changed sillc¢ 2022. Whilsl it was disappoillting llot to have se¢ured continued use of tlie
Churcli Lane site, we view tliis as a minor setbaek. delaying delivery of our strategy. We TeTnain coinniirted to providing two
distiiict services and we are aetively looking to secure a suitable 5ervic¢ 51te to accommodate & behavÈoral support servi¢e
within th¢ nexi 18 monihs.
Cui'i'ent 5erYice offerlRg
Our new sile &t the Liglit Bulb is slate of the ai1. housing all the irsources we had at our dispos&l al th¢ Church Lane site.
Thvo inteTaGtive 8cn%ory spaces
Musi¢ therapy room
Physiotherapy room
Ma55age Yoom
Garde￿ sensory garden
Gard¢n cabin5
Wet room chaE]ging facilities.
Ceilittg tiack hoi5¢5
.1 iaiT)ing Kitclien
Activity iDoins.
W¢ wntinue to provide liydrotherapy frol￿ the Sutton Inclusion Centre. This pn)jecl 15 partly NHS grant funded and delivers
12-week blocks of hydrotherapy to more the 24 people across the year. Our physiotherapy team delivers hydrothei?py to both
our sei'vic¢ uscrs and eommunsty referrals.
We rejiiain con)mitted to SUPPDrting people beiiefiling frotm behavioral sypport and we have an established irputation workin
with people on tlie autistic spe¢trum. Iti the next 18 Inoiiih8. we hope to secure a distin¢t servic¢ site. We beli¢vB Ihis will cirate
an environment wljere iiidividuals can expitss themstlves fi]Ily and autoiioinously, with support to develop pe1%01￿1 strategies
to help them manag¢ challenging situations in A rrt)sitive way. Our current 5UPPOrt focuses on occupations, to promot¢
independenc¢ an(1 people's sense ot self determiiiaiion. Our approach also ¢oncenlrales on eommuiii¢ation to suppvrt p¢uple lo
express thesr wishes oiid feel htard. Our missioll is lo end the cycle of cxclusion of people Exhibiling beh&viours thAt challenge,
and throt]gh an established palhway, support people low&rds illdeptndente and integration so that they can live full ond
rewarding lives.
We collaboTate wilh several commutiity partn¢rs, including Action Space ati ails charity, and Thi'ive a hDrtiGultural Chai'ity.
Engagement with our expert partners allows us to deliver activitics and projects beyoiid (h¢ capacity of our teatt).

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONE TRUST
TRUSTECI S, REPORT (INCLUDING DIREcfoRS' REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 MARCA 2024
We einploy a teal￿ of experieE]ced support wot*eis, who have expcrtise in areas slleh as b¢h3vioural suppori. communication,
sensory interaction, and th¢ maiiagenient of complex health ¢onditions. The team ￿lableS us to work with the niost complex
peopl¢, m&ny of whom have been excluded from otheT services unable to Cater for their cotnplex and cliallenging needs.
W¢ also employ a team tsf specialists who work c105ely with NHS colleagues to deliver therapies and activEt1¢5. We ar¢ unique
in thi8 arca and cmploy people with tliese specialisin5 to ¢nsuYe our servict users get vital ongoing therdpeutic support, SUPPOTt
&1 a fr¢qllency that lirnited NHS capacity woiild t)ot be able lo piM)vide.
Our team itjcludes,
Band 7 physiotherapist
Band 7 aquatherapist
Music IhErapist
Art Tutoi.
Music tutors
We provide a romprehensive tiansport service. which ¢nables people to get to and from th¢ seivice. a5 well as supporting access
to cornrnunity resource5 during the day. Oui. trai)sport is provided by our 5LEPPDrt team, Éo ensure safe travel and dir¢ct
communicatioii with fatiiilies and paid cairrs at the b¢giniiing and end of each day. The face-to-face transfei. of infoiThation is
important as it ensures the team and family know what to expect a]id how best lo S￿ppoI1 the pe￿0￿,$ Iieeds, mood, and health
on the day.
W¢ wntitiue to provide our family liaison support. Our dedicated liaison leain, who carers themselve& support fainilies with
a range of issues includin8 care platitJin& fijndittg, referrals, amd health iiitcrvcntioll. We acknowledge th8t family car¢T5 n¢¢d
time for th¢]n5elves a*)d the opportunity to confydetttially sh&iE their feelings and concerns. A cornerslonE of our provision is
suppoit for carers so thatthey feel sypported can continue to care for theii. loved oTr¢s It 1￿Me.
W¢ understatEd the importance of robust clinical praclice and ovei. the past el￿teen months, w¢ have undertaken a full TeVI¢W
of olli. quality fi'amework and clinical goveinance. Our woi'k practiGe is now stru¢tured aroutid processes w¢ have developed
through the adoption of CQC compliant Quality Complian¢e Systen)s (QCS) policies. This provides assurance in areas such as
are planning. safeguarding, risk assessm¢nt, medicaliDn adininistration, aDd health and 5dfety.
We wntinue to provide a weekend seiviee between Éhe hout3 of 9am and 4pni on Saturdoys and Sundays. This seivice is a
inlpartant source of iyspite for faTnilies. For many careis this 15 their pr¢feiY¢d model ofv¢spite as many find residet)tial re5PIt¢
disruptive for the persoi) they cal'e for. It is also less expensive residei)Éial brcaks. which nraiis familics aiE likcly to
reG¢iV¢ Inore frequent lime away from the ¢&i'itig responsibilities.
SummAry of the mgfrn gchTevements of the Chai'ityg Identifying th¢ dilference the Chirlty's iyork h4s M￿de to the
elr¢uinstances of its beneficifii-ies Any wider ben¢fits to society as A whole.
One Trust Supported 106 seivice us¢rs dursng the year, providin8 over 193,000 hours of suppoit.
Over the same pcriod, the family liaison team 8UPPOrt¢d more than 50 family carers and engaged in over 1.200 carer contacts
and inlervenlions.
One Ti'u5t launched a new web511E atjd braiiding. which are morr closely ali8ned to the work we do now, and the culture we are
developing around tlie coirjmuniry we siippoil.
One Trust has made significant investment in developKng a robust quality framewovk, one tI￿t iiifluen¢es practice 51andards,
clinical governaiice, and the ¢xperietice of 5etvice u$eiE. All seTvi¢e user5 liave had an extensivE rBview of their care plan, and
gllpporting information, covering risk as5¢55ment, coinmunication, dysphagi?, health and therap¢utic nea5, epilepsy, aiid
safeguarding. The CaiE plan5 are now n)ore focused on und¢rstanding each pei"son's aspErations and i¢gular piDgr¢sb iEview
against P¢Tsunal ou(comcs.
The 5crvices provided by One Trust promote good he&lth. SUPPK)Ited by tlierapeutic and pliysi¢al activity. Good clinical
practjC¢. 5afegu&rds those with complex health n¢eds. Engagement in Ineaniiigful, person ceiitered, and social &Gtivity sUp￿>rtS
wellbeing and posttive nieiilal healtl). Beliavioi?I sllpport eftables people to ¢Dgage Jiiore fully in their interests.

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONETRUST
TRUSTEEI S, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEIAR KNDED 31 MARCH 2024
Thc Yespit¢ ond support prc)vid¢d to family caT¢rs promotes wellbeillg and positive mental liealth. 118llows fainily carcts time
to address their own needs and hove their Dwn identEty outside their cai'ing responsibilitie5. It Kiainta1115 family living
aTI'angements, prevenfing people froin movitig inlii ¢osily irs2dential cair.
One Trust moved into its ttew flagship service Site at the Lighi Bulb, deliv¢i'ing tlje refuibi5hmenl and launching the i*w
servi¢¢ on time and on bLEdgd. Thi% 8crvice site now supports niore than 30 people across ihe week, with several n¢w reftrrals
due to roinmence seivice wilh One Tj'ust by Iht autumn. The new service sile provisioii piovided fix)m the Liglit Bulb is
ex¢epiional. Our sei'vice usets &nd their families ate happy witli tlie new look seivice and recognise the improveinertls thAt
have been made.
FlnAnclal Yevieiv
Oui. total income foi. the year wa5 2023124 £3,795.413 (2Q22123 £3,706,257..). Income genetxted fiDm ¢harEtable actlVLti¢s
totaled £3,793,044, up 20/ts from the £3,704,729 geneTrted in 2022123.
Total expenditure on charitable activities was £3,836,477 {2022123 £3,796,821) up l /0. Oiie Trust's CR5h ￿sition increased
over the year, iyith £193,003 of cash and ea%h equivalen15 held &131 March 202412023.. £183,722}. The reasons for the £9,281
in¢￿age in total cash ale payments received in advanc6 for services provided foi. WBC.
Overall resiilis this year show • deficit of £41.65012023.. deficit of £91,156).
Operationally, the year has beett challenging. Un¢eilainty Tegarding 0￿r tonlr9Ctual relationship with Walldsworth Council led
lo us incui'ring signsficant legal eosls relalsng to coiili'acts, leases. and staffing. We a150 incurird unusual costs Telating to
moving preinises and winding up our relationship with Wandsworih Council. For tlie last two InL)rtlhs of the financial yeai., w¢
inGuritd proportionately l)igher managetnent costs against Irduced in(xime, cariyiRg a legacy of maiiageni¢Dt capacity
commensurate witl) the size of oiir business prioi. lo tnd of our contractual r¢lationship with Wandsworth Council.
We a150 made soine slTategic investments dui'iiig the second half of tlie financial yeai., funding the IEfurbish2nent of thr Light
Bulb from designated fi]nds £271914, alongside the purch&se of Equipment JEquirtd at the new site to bc able to deliver
coiitinuity of provision £38,953.
Explanation of finy unceYtAintle5 about Ilie Chfirity eontlThuing 85 A golng collcern
At incorporation in 2015, One TTUSI derived i￿ore thali 90 percent of its inconie from Wandsworfh Council. This liad beert
reduced to about 60 pewent prioi. to tlIE ¢nd ofour cojiccssion coiitract with Wandsworth c.ouncil.
Followins tlie end of our concession Gcnlra¢t witl) Wandswoith Coullcil, we Currently unable to receive referrals directly
from Waiid5worlh Council as we opted i)0¢ ¢0 join tl)eir framework. We do howev¢r sllpport Wandsworth service users who
acc¢ss our provision via direct payments, alld ther¢ are several dirEd payments applications in ptpeline.
Our iii¢ome ttow com¢5 froin wai'ious commissioning bodEcs &iid dired payments, The Soutl)west Londoii ICB now spends the
m05É with us, but we rematn mitjdfiil not to bec01￿e over reliant on aiie funding source. To tliis end, we havB dtveloped
additional relati0115hips with Kingston and Southwark adding to our commissioller relationships with SWL ICB, Merton,
Lambeth, and Sutton. W¢ fully support the pi'inciple of self-direrted 8uppoII' over time we would like to cncourage mor¢
pcopl¢ to access our s¢ivi¢es through diTeGt paymcnts to protect their persojial jille￿StS against det1￿mental CUTtJmiSsi(Trning
d￿l$Lon$.
We eiirered ittlo a 15-y¢ar lease for our new flagship service sEte. 50 we haye been able tD d¢risk in terms of a locatiL)n to deliver
corc elemeiit5 of ouj. 5¢Tvice ofyci'ing oveT a prolonged period. There is a small repiitational risk associated with not having
capaGity to accept new i'eferrdls. Creating &dditional Capacity is ouy key slralegÈc objective as we look to 5eGur¢ a loThg-lemi
lease to house a dedicated b¢havioral support service.

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONE TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUCI D)
r4OR THE YEAR ENDED 31 MARCH 2024
Post balance sheet
We liavt rcviewed our t&qm Structure following the end of our concession conlraet. As part of the TUPE transf￿. proc¢ss, we
TeiaEned ex¢ess managejnent oapM¢ity incongruous with the sbale of oui. new business. Our approach has always heeii to
iiiaxirnise frontlin¢ capacity, 5UPPDrt¢d by an etricient management team. We rEviBw¢d our incomc and expendiluv¢ and
recogni5¢d Ihdl we needed to reduce staff expendsture to tDsure su$lainability. In line witli our strategic objectives, we hav¢
also created ¢ap&¢ity iii ilie key aveas of ¢lini¢al management and quality assurance and will look to appoint a brhav10￿i,al
SUPPOIt spe¢ialist to support our aspirations for a slandalone brhavioui?I support servÈcE. Following the Jrview we have had to
make some tough decisÉoiis, Ytsultittg itt a small number of Tedundances.
0￿1. COO has been I'eplaced by a p&rl-tiine fiiiance l¢&d.
I'hree of our operational managemeiit w>sts liave been deleted.
We dtlcled the post8 of a I dayl week music therapist and I day a week art lutOT tEtaining proportion&te capacity in
these areas.
We deleted oily r¢f¢rrals office post; these duties have been incorporated into the Business Dev¢lOpl￿enI artd Projects
role.
We have appointed a scNi￿1¢11nical manager an(1 quality assurance ]nat￿ger.
The restructuring will reduce staff expenditure by £131,0001 annutn. The cost of re(EuE)dancie5 was £51,000.
The restru¢tyring wtll ensure the Charity is again able to make conlribulion5 towaixls Y￿rves, to manage risk and support ihe
deliveTy Of sti2legic objectives.
The Charlly sprinLipdl sourees olfiiiids (iiicliidliig anyfEiiidroisiii
As of the 31st of March 2024. One Trust's primary sources of ttjcomc were Southwest LA>iidon ICB attd Lambeih at)d Merton
local auihorities. The Charity also received incoinc through dii'e¢t payJt)ents. One Trust also delivers a hydroth¢iapy prO1￿t
that is parl grant fundeil by theNHS.
A ilescrlplloii ollhepriiiclpiilrlsksfaciii¥ ihe ClillTIty
Tlie principal ¥isk facing the Clurity is ch2ng¢s to commissioner fundinyl budgels. One Trust supports people with the most
pIDfound and cotnplex ll￿d$, it is uiilikely that cui'r¥nl and future services usels will fall outside NIIS and It)cal autliority
Statutory duti¢s to meet thtlT as5tssed needs. Tlie i)umb¢i' of referrals Teceived 5in¢¢ the 1st of Februaiy suggests that demand
from commissioners Irmains higj). One Trust also reGognis¢s tliat deinaThd foi. S￿￿1￿5 suppoiting people with coniplex needs
alld tlEose requii'ing behaviornl 5UPPOlt far outweighs supply.
Mike Ltnhai'd
Mart( Stennett
Will Olmi
David PypEr
Chris Pugh
Cliloe Bryanl-Dunn
ChaET
Chair of Finartrx Committee
CBOI ex officio
Chaii. of People CoMi￿l￿ee
Tjvsteel fitJanL¢ (Resigned 4 Scptcmber 2024)
Ti'usteelsaftguarding

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONE TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDCI D 31 MARCH 2024
Struttur4 govefft'nAnce And management
One Tr￿51 is an independ¢nt ¢harity and eot))pany limited by guarantce.
Tlie Trustees, who are also the dire¢lors for the purpose of company law, and who served du¥ihg tl)e year and up to Ihc (5atE of
signature of the finaD¢ial statement5 were:
D Pyper M LKI)ttard (CIMirl
T B Bariett (Resigned 19 Deceniber 2023)
W R L Olmi- Chief Execulive and Secretary
M H Sieiin6tt- Chaii. Finatice aiid Audit Committe¢
C N Pugh {Kesigned 4 S¢pt¢mbcr 2024)
C Bryattt-Du
Tli¢ Trllstees, TeTinS of Reference and CharEty'5 Meniorandurn of Articles Can be obtained by eont&cting our regist¢r¢d office.
Tiuste¢s m¢d formally al leasi four times a ye4r. with additioj￿l subcommittee mtttings wverin8 HR, staffing, finance 2nd
additional sub Colnmitt￿ ¢ovei' governallce. In addition, their is at least orte meeting each year dedIC&t￿ tts strategic planning.
One Trust ¢ontinually revi¢ws the skElls of Bo#i'd I￿¢1￿berS and pei'iodically conducts reeriiitment c&mpaigns to bolster
governance in specific &reas. ProspectEve TrustE¢5 must subniit an applicatioll and expiESSiOll of iJitcre51 and are subject to
formal selection proc¢55. ThE selection process requives prospective Ti'ustee5 to m¢et with the CEO and visit seryice sites. This
IS then followed by formal interview atid meelsng with the Chair andlor other It)el￿berS of tlie Board.
New Trustees ieceive an iiiduction pack, iiicluding an up to dale and Conip￿llenSive repoit detailin8 the a¢livity of the charity-
Th¢ tnduclian pack includes Chai'ity Commi55ion ("The Esscntial Ti'usiee'l and Companies HO￿Se guidancel"B¢ing
Dii'e¢lorf'), detailitig tlie IDIE and responsibilitie5 of trustees and dire010￿. Thi5 is shared alongside OnE Th'u51's MeTnorandum ol
Artirlc5 of As*Oc￿at1on. In addiiion, Truslees iEceiv¢ National Council for Volunlary Organisations ineinbership and a¢cesS to
traintn& with expeiises covEitd by th¢ Chaiity. VisEt5 10 Service sites and engagcmertt wirh staff are arranged to help new
Tiwste¢s fainiliayise themselves with the charity. Feedback from new Trustees Ycgarding theii. inductioii experience is
contEnually undei. ievieiy and used to improve relevanct aiid quality.

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONE TRUST
"I'RUS'fEbS' RLfpoiiT IINCLUDINGDIRECTORS, KKPORT) (CONTINUED>
FOR THEYEAR ENDED 31 MARCH 21124
One Trust's oryaD15atltkn stru¢ture
The execuiive slNCture'.
Will Olmi- ChicfExeculiv¢ OffiLer
RirhxTd OhJt)rimllo-ChiÈt Operating o￿leer IResi8iied 12 July I
Thbias Barreii- Projects 8nd Bllsinpss DeV￿lOpTneTrt
Team slnE¢tUTe
l April 23 to 31 Jlliiuary 24
l F¢bNary 24 t¢ 31 Mar¢h 24
Adininisimiors
l Adminislraiors
Aides
Aide$
Art tutor&
Art tutOES
CaTer li&ison
Carey liaiso
Dcputy reaoj mana8¢rs
D6puly teèm manxgers
4 Exe¢lliive¥
4 EXt￿ltiV¢S
l Ma5s&g¢ tIIcT4PiSt
l mas8￿C dierApist
(usic therapisis
M1151Q thcrnpi51$
3 Support work¢rs
3 Support WOTk¢r5
TE&NL Manag¢ts
Teani Managers
Audltor
In accordAnce Mryth the eon]panVs article5, 17 Testslution proposing Ihal LB Gruup Lkniit¢d b¢ trapNinied o& auditor of t
ompttny wtll be PLII al a aenunl Meeting.
Disrloitsr¢ ofinform*tlon to Audltor
EH¢h of the TN$iees has coiifjmied that there 1$ no infomi*tion of which they are awprc which is r¢l¢voni to th¢ alldil, bui of
whicli the auditor ss unaware. They have fuithtT ¢onfimi¢d ihat thry havc tsken OPPTOPri#te steps to identify $LKk relevaiit
infomialioii #nd 10 ¢5tkbli$h Ilial th¢ auditor is I￿r¢ of $u¢li infoymation.
Tb¢ Ttustc¢$' r¢p)rt wag &pproved by tho BoaTd trfTrustee5.
WRLOkni
TrusteelDtrector
16 DeL¢mb¢r2024

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONETRUST
STATEMENT OFTRUSTEES, RESPONSIBILITIES
FOR THE YBAR ENDED 31 MARCH 2024
The trusl¢¢s, who ar¢ also the directors of One Trust for the pui'pose of Coinpany law, air responsible for preparing the Trustees,
Report and the financial sfaten]en15 iii accordallce with applicable law and United Kingdo1￿ Accounting stai￿ards (United
Kingdoin Generally Accept¢d Accouiiling Practic61.
Company Law requiiEs th¢ twstees to pr¢par¢ finaiici&l statements for ¢a¢li fi￿al yeaT whi¢h give a true aiid fair view of the
state of affatt's of the charity and of the incoining YesouT¢es and application of resoui'ces, in¢luding the Èncoii)c and expeiiditure.
of tli¢ Ghaiitabl¢ eornpany for that ycai..
In preparing these finanGial stAtements. the trustees are required to..
seleet suitable accoiinting w)lici¢s and then apply thern ¢onsist¢ntly.
- observe the methods and principles in the Charities SORP.
Inake judgetnents and estimates Ihal are IEa50nable and prudent.
state wliethcr applic&blt UK ActO￿ntIl￿g Standavds have bern follow¢d, 5ubje¢t to any material depailui'es dÈsGIosEd ￿]d
explained in IhE finaiicial staternenls; and
prep8rc the finan¢ial staten)ents on the going con¢eiii bh5is unle5S It ts inapproprijle to piEsuMe tliat ihe charity will conlÉnue
in operation.
The trustees are ￿$pOlI$1b1e foT keepinu adequate oc¢ountiThg records tliat di5clos¢ witli IEasonablt acc￿￿eY at any tiikne the
fitJancÉal position of the charity aTLd enable theni Iv ensure that the financial statetn¢nt* caii)ply with the Companses AGI 2006.
They are also responsible foi safeguarding tlie assets ot'the charity aTtd h¢n¢c for taking reasonablc steps foi. the p￿VentiOn a#d
dete¢tion of fraud and other iKre¥ulai'ilies.

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONE TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF ONE TRUST
OpÉiiion
We have audited the financial slatements of One Trust (the 'charity'l for the year ended 31 Ma¥¢h 2024 which compnse the
sl&leit)ettt vf finynbial activilEes, the balance sheet, the slaleinenl ot. ￿sh flows alld notes to the fiiianEial statements, including
significa￿t accounting policies. The fjiiancial repoTliDg framework that has bccn applicd in their piYpar&lion is applicable law
and United Kingdom Accounting Staiidard5. including Fiiian¢ial Reporfing St&lldard 102 The frnlliiciul Rgpoi'fing Siaiidui.d
pplicable in ilw UK uiid Repiiblic ofJJ*laiid(United Kingdom Genei'ally Accepted Accounting Practice).
In our opinFon, the financial slatements:
8ive a true and fair vi¢w of the slate of tlie charitable company's affairs as at 31 March 2024 aiid of it5 incoming
resouj'ces aiid appli¢ation of IEsour¢¢4 for the year then ¢ndEd;
have bcen prop¢rly prepared in a￿Ordai)ce with United Kingdom Generally Accepted Accountiiig Piactice. and
have been prepared in accoiylaiice with the requirements of the Compallies Act 2006.
BASIS for oplnion
We conducted our audit in 8¢¢ordaiice with Intemational Standards on Auditing IUKI IISAS (UKI) and applicable l&w. Our
responsibilÈties under thos¢ standards are fvrther described in the Aiidiloi s ivsportJ'rbiliiigs.foi' Ihe aiidil of ihe fTiiUfr7CiL71
siaieitsgisis section of our report. We are independent of the chaiity in accordance wilh the ethical req￿Irements that air I'elevant
to oul. audit of the fiiianGial statements in the UK, iiicluding the FRC'S Ethical Standard, and we have fuifIlled our other ethi¢41
re5poJisibilitie5 Eli accoixlance with these requireinenls. We belirve th&1 the audit ¢videnc¢ we have obtained is S￿￿¢¢Ient and
appropriate to pix>vide a basis for our opinion.
Coneluslons i'olAtlng to %oin% concei.
In auditing the f&nancial 5tatEllltRts, we have con¢luded that the Trustees, use of the going concem basis of accountitkg in the
prepa¥ation of the financial slal¢ments is appmpriate.
Based on the work we have perfoTm¢d, we have not identified material un¢eYlaintie.q relating to events or conditÉons that,
individually or ¢ollectively. tt)ay east significant doubt Dll the charity's ability 10 fontinue as a going Concern foT & period of at
least twelve months from whcn the finan¢ial statenients are a￿thOriSed for issue.
Oui. Tt5ponsibilities and the IEsponsibilitÉes of the Tr￿Ste£S with respect to goillg conGcrn are desciibed in the iylevant sectiotts
of this Tewrl.
Otber infoi'rnatlon
The otlier infoi'mation comprises tlie ijiformation included in the annual report other that] the finanGial statel￿tillS aiid our
auditor's Teporl thereon. Th¢ Trustees are responsible for the oiher information contained within the annual report. Our opinion
oti the fjnancial statements does not cover the oiher inloiTh&tion and we do ￿0( expres5 aiiy form of assurance con¢lusion
thereon. Our respoiisibility is to read tlie other infDrtnation and, in doing so, collsider whdher the other inforjllation is
materially incon515tent with the financial statemeiit8 oi. our knowledge obtained the course of the aiidit, or olheiwis¢ appears
lo be materially misslal¢d. If we identify such material inconsistencies oi. appaj'ent material Ini5slalements, we are rtquii'ed to
determine whether this gives ris¢ to a material niisstaf¢tn¢nt in the financial 8tatemciils themselves. If, based on ihe work we
have perfortlled, WE conclude that th¢r¢ is a material missta¢emeii¢ of this other inforination, we aiE requiY¢d to iqK)It tliat fact.
We have nothing to rew>it iii this iegai'd.
Matters on whlth we al'e i'equTI'ed to report by exteptio
We have noihiiig to report in r¢sp¢¢t of the following malt¢r5 relation to which the Charitie5 (Accounts and ReFK)rlsl
R¢Bulations 2008 J'equiie ys to report to you if, iji our opirtÉon'.
the infornidtion given in the finatbcial statements is li)￿1￿ls1ellt in any material r¢sp￿t with the Trusl¢es' r¢port,' or
sufficient accountiiig records have not been k¢pt,' or
the financial statcintnls are not in 3greemcnt with thc accoua]ting rttords,. or
we have not ieceived all the ILfortnat￿on and explanations we requiir for our audit.
10-

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES ofi ONE TRUST
Re5pon$lbllllle8 of Trllstees
As explained nior¢ fully in the stalemetlt of Ti'uslees, iesponsibililies, the TTU5tees. who are also tlie directors of the charity for
th¢ purpose of company law, are responsible foT the preparation of the financial statements alld foi. being satisfied that tl)ey give
a trur and fair view. aiid foi. such irttemal conti'ol as the Th'usler5 deterimine is ii¢c¥ssary to eiiable the preparation of financial
statements that are fre¢ froin material mÉsstatement, whether due lo fraud or eri'or. Tn prepai'iiig the financÉal statements, the
Trustees ar¢ iEsponsible foi. a5SE5sing the charity's abilily to continue as a going Gon¢cYn, disclosing, a5 appliGable, matters
related to going concem and using the going concein basis of aGcountiiig uttless Ihe Trustees either intend lo liquidate th6
cl)aritable ¢ompany or10 cease operations, or havB no realistic ali¢rnalive but lo do so.
Auditoi s ie$ponslbilities for tlie audit of the fiJJaneial 5t%tements
We hav¢ been appointed as auditor undu section 144 of the Chaiiiies Act 2011 and r¢port in accordance with the Act alld
Jrlevant regulations made or having eff¢Gt thereunder.
Our objective5 are to obtain itasonable ￿SU￿rt¢¢ about wh¢ther the financial stateEMet]t5 a5 a whole are free from material
misslat¢inent, whether due to fraud or error, to issue En audEto¢s report that includes our opinion. Reasonable assurallee is a
higli l¢vel of assurance but is not a guarantee th&1 an aiidil conducted in accordance with ISAS (UK} will always d¢tect
rnaterial misstatement wheii it exists. Misstateineiits ¢an arise frotn fraud or errol. and are consideTed material if. individually or
in th¢ aggregate. they ¢ould reasonably be expected to influence the ewnoniic decisions of users taketj on t1￿ basis of thes¢
finall¢sal statements.
The extent to which our Ewocedures are capable of detectirtg irvegularities, including fra￿d, i5 detailed below.
We gained an undcrgtanding of the legal and rcgulalory framcwork applscable to the coinpally and the it]dustry in whicli it
operates, and con5id¢r¥d the risk of acts by the company that were contrary to applicabl¢ laws and i'egulations, ineludiilg fraud.
We de5igntd audit proceduies to respond to the risk, re¢ognisillg tliat th¢ risk of noi dtteclin8 a material inisstatement due to
fraud is higher than th¢ I'isk of not d¢leelitig one iesuliii18 from error, as fraud may involve delibuate wncealment by, for
exampl¢, foi'gery or intentthonal Jiiisrepresentatiolls. or through collusioii.
We focusstd on laws and I'¢gulations which Could give rise to material misslatement in the financial st&t¢menls, including. but
not limited to, the Compaiiies Act 2006 &nd UK lax legislation. Our tcsts inclvded agi'¢EinB the finaiiciAI statement di5closur¢s
to ulldci'lying supportitig documentation and eDqttiYies iyith managemeilt. There air inheienl limitation5 the audit procEduTes
des¢i'ibed alKJve, and the further removed non-¢omplianGe with laws and regulations is from the events and ti?nsactions
reflected in the flnancial 5taten)ents, tlie les5 likely we would becojne aware of it. We did not ideiitify any key audit matters
rclation to irrcguS&1'ilies, including fraud. As in all of our audits. we also addressed the L'j5k of mallagemEllt override of iniei.nal
controls, including l¢slingjoumals and evaluating whether th¢re was evideii¢e of bias by ilie direCtoi￿ that I"epresented a I'isk of
matelial mlsstalemenl due t(> fr&ud.
A further description ofour responsibilities is available on the Fi*aTh¢ial Repoiling Coun¢il's websit¢ at.. https.-Ilwww.frc.or&ukl
audilorsreswbnsibilities. This description fotJns part of our &udito¢s Y¢port.
11

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONE TRUST
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE TRUSTEES OF ONE TRUST
Thi5 lYPOrt is made solely to the company's tnember5, a5 a body. in a￿OrdanCe with sectiott 391 of the Con)panies Act 2014.
Our audit work has beeli undertaken so that we might state 10 the company's membcrs those matters we are TequiY¢d to stak to
tliem in ali audiloi's report and foT no oihej. pui'pose. To the fullest extent pertnitted by law, we do not accept or assume
T¢SPDnsibilily to anyone otSier ihan the company alld the CoMpa￿Y'S In¢inb¢rs as a body. for our alldit work, for thi5 report, or
for the opinions we have foiined.
Do¢uS*Md by..
78F78OC3FFA74SC
Gi'*lJam Sijeck (Sertioj. Stitiilory Au(Jitor)
foi. And oll bthalf of LB Croup Limited
19 tkeembeT 2024
Chxrttreil AecountAnt5
Sfltutoi'y Audltoi.
19tli Floor
I Westfjeld Avenue
Str2tford
E20 IHZ
LB Group Liiitiled is eligible for appointment a5 auditoi. of the charity by virtue of its eligibility foi ap￿bintIn¢lI¢ as auditor of a
coinpat)y under section 1212 of th¢ Companies Act 2006.
12-

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONETRUST
STATCIMENTOFf4INANCIALACTIVITIES
INCLUDINC INCOME AND EXPEINDITURE ACCOUNT
FOR THEYEAR EliDED31 MARCH 2024
Unrestricted Unresti'icted
funds
fuJLds
2024
2023
Notes
Donations and lega¢ies
Income from charitable activilÈes
Inv¢simtnt income
2,067
3,793,044
302
1,344
3.7Q4,729
184
Totll Éiieome
3,795,413
3,706.257
Charilable activiti¢5
3,836,477
3.796.821
Other expense5
586
592
TotRI expeiiditure
3,837,063
3,797,41J
Net expenditure foy the yeHI'l
Net rnoveJneiit An funds
141,650)
(91,156)
Fund balances at l Apyil 2023
838,071
929,227
Fund balinees At 31 Mareh 2024
796,421
838,071
The statement of fitiancial activities includes all gains and losses recogt)ised in the year.
The statement of finaii¢ial a¢tivities inCl￿deS Ill gai11s and losses reco8Thised ID ihe ye&i'. All Éncoine aiml expenditure dcrive
continuing activities.
Thc statement of fjnaiicial activities also complies with the requiEtmenls foy an iiicome and expenditurc account linder the
Companies Act 2006.
13-

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONE TRusr
BALANCE SHEET
ASAT 31 MARCH 2014
2024
2023
Notes
FLxtd a8Stt$
Tangille asg¢l%
13
348,909
31,177
Cknffrtht *$$¢ts
Debtois
Cash at ba#k and in hamd
J4
432.589
193,IK)3
1,055.798
183,722
625,592
1,239,520
CTedltDrs: AM0￿1)t5 f*lSing due wlthln one
year
15
1127,0801
1331,743
Net curAEnl ags¢ls
498,512
907,777
Total gs5ets less ¢urrentllabllltiÈs
847,421
938,954
ProYtslon$ for HibllltÉts5
16
(51,000)
{100,8831
Net fj8S¢t$
796,421
838.071
Income fund$
Unrcslri
Desi8nat¢d fvnds
Genernl ￿￿￿$trIcted fvrtds
19
260.000
578,071
796,421
796A21
838.071
796,421
838.071
The rojllpaiiy is ¢n¢illed lo th¢ ¢x¢mptiDn from the audit requiiement c¢)ntsin¢d in se¢lion 477 vf the Companies A¢1 2006, for
the yethrettded 3) Ma￿h 2024. alibough &wlii ha$ ¢311ied out ullclersectton 144 of the ChariliesAcl 2011.
The directors acknowlcdg¢ Ih¢iT responsibilities for con)plying wilh th¢ wuir¢meot$ of lh¢ Componies Act 2(X)6 with r¢spcci
to iccowilittgrecords alid tlie prcparalioll of finallGial sial¢m¢nls.
The meMb￿S hav¢ iioi r￿ll1r¢d tli¢ Gtsmpiny tu obtaii) art aiidit of il$ financi21 stalernents under the rcquircjncftts of IILS
Coinp8nies Act 2006, for Ihc year in qu¢51ion in accDTdJn£¢willi sectiojj 476.
The￿ financial 5tattw¢I￿ hav¢ bE¢K prepared in a¢¢ordanco with the provisions applit4bEe 10 eoillpAnies subject lo the smfill
Companies re8jme.
The fiiiancial sta¢¢M￿ts WeT¢ approvd by (h¢Th)siees on 16 Dtcember 2024
WKLOlmi
Trustee
Comp*lly reElJtr*tlob nujnber 09497463
14.

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
OP4E TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED31 MARCH 2024
2024
2023
Note5
CAsh floivs fro￿ operating Hctivities
Cash generated fronillabsorkd by) operatioi
21
374 J27
{256,674)
Inve5tillg Aetlvitie5
Purchase of taii8ible fixed asgets
Investnieot incott)¢ re¢eived
(365,348)
302
{30,8931
184
Net C115h used In IDvestingactivlties
{365,0461
{30.709)
Net exsli used iii finAll¢tng Attlvitits
Net IDcrea5el{deere%sel In cash ¥tnd ca5b e4NivAleiits
9,281
1287,3831
Casl) and tash equivaleDls at beginThing of yvar
183,722
471,105
Cxsh And cash equivglen¢s at of yeHr
193,003
183,722
15-

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONE TRUST
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Aecountlng pollties
Charfty imformatlo
One Th'u5t is d pi'ivaltt company limited by guarantee incorpor8t¢d in England and Wales. The rcgi5tei¢d ofrfi¢e is 21
Church LaiK, Tooting, London, SWI 7 9PW.
Accountlng conveDtion
The fjnancial statements have been prcpared in a¢¢ordance wilh th¢ charity's governing document, the CornpaniES Act
2006 and"Aecounting and R¢poiling by Charities.. Statement of Recommended Practice applitable to charities preparing
their a¢¢ounts in accoix1an¢e with the Financial Reportln8 StandaiQ applicable in the UK and Republic of Ircland IFRS
102)" (as anJend¢d for accouiilin8 periods Gomm¢n¢ing from l Januaiy 20161. The charity is a Public Benefjt Enliry as
defined by FRS 102.
The finall¢ial sialement5 are prcpar¢d in sterlin& which is the funGtional ¢urren¢y of the charity. Monetary anioiin15 in
these financEal staleiDents air rounded lo the Jie8rc5t Poutsd Sterling (£1.
The financial statements have been prepared under the higtorical cost convenlion. The principal a¢coLEllting PDliGies
adopted are set out below.
.2 Going con¢er
At the time of approving the financial stateTnenls, the Trustees have a reasonable expedation that the cliarity has
adequate r¢souires to continu¢ in operational exist¢n¢e for the foreseeable futuY¢. Tliys the Trustees continue to adopt the
go5￿g cvn¢ern basi5 of acetsuiiting in preparing the f&naneial statements.
1.3 Chai'itttble funds
Unreslri¢ted fund5 are available for usc at the discretion of the Tru5te¢s in furth¢rance of their charitable objectiv¢£.
1.4 Income
ID¢otne is recognised when the ch&iity is leg&lly entitled to it after ally p¢rfomian¢e Conditions have been met, Ihe
amounts can be measured ￿liablY, and it is probable that income will be received.
Cash donations air recognised on re¢eipt. Other donatEOn5 are recognisd oi)¢e the ¢harity ha5 been notified of th¢
donation, unless p¢iformance condition5 req¥iiE deferral of th¢ ainount. Income l&x r¢cov¢rable in relation to donations
received und¢T GiftAid or deeds of covenant is reco￿)]5¢d at the time of the dollation.
Legacies are i'ecognised on receipt oi. oth6rwis¢ if the charity has beeti notified of an iinpending disti'ibutÈon, thB amount
is known, and ifCBlPt is expe¢ted. If the ainount is not known. the leg￿Y is treated as a ronttngenl asset.
1.5 Expenditure
Liabilitiei are recognised a5 cxpenditui'e as soon as tlier¢ is a legal or constructiv¢ obligation conimitting the charity to
tha( expcndiiure, it is probable that selllement will be I'equired and the amount Df th¢ obligation can be measured reliably.
All expendÈture is accounted for on an accwals basis, All expenses including support cosls and governance ¢osts are
allocated or Appoilioned to the applicable expeJiditur¢ headit)gs,
Support costs have all been allocated belwern governanff cost5 and other suppoit costs. Governan¢e costs coinprise all
Costs invvlvitjg the public aWountab￿llty ofthe Gharity and ils compliance with regiilation and good pi'actice. These eosts
iiiclude costs IElated to statutory audit and legal fees (ogether with atb apporlioiii￿ellt of ovei'h¢ad dnd suppoj't costs.
16

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONE TRUST
NOTES TO THE FINANCIALSTATEMENTS (CONTINUED)
FOR THE Y&AR ENDED31 MARCH 2024
Accountlng yDlicie5
(Continued)
1.6 Thngible fixed assels
Thngible fixed 8ssets are inEtially measured at cost and subsequEtilly tne&sured at cost or valuation, net of depre¢ialion
and atty impairmettt losses.
Depreciation is IfCO¥iiiSEd so &5 to write off the cost or valualÈon of assets less tlieir residual valttes over thcir useful lives
on the following b&ses'.
Leasehold land and buildings
Fixtures And fittings
Compute1%
Motor vehicles
Sensory garden
6.60/ts StIEiuht lille
250/0 slraight line
33.30/0 Strnight lin¢
25Yo I'educing balance
33.33Yts Straiglit lin¢
The gain or 105s arising on the di5P05al of an asset is determilled as the differeiice betweeii the sale proceeds and tli¢
¢arryÈn8 value of the asset, and 15 re¢ognised the statement of finaiicial activities.
1.7 1mpAlrment of flxed Assets
Pei'iodically. the charity Teview* the cariying amounts of its tangible assets to determiiie wheiher there is any indi¢atlOll
that thosE a%%ets liavc suffered an imPa￿r￿e1lt loss. If any such in(fiGation exists. th¢ recoverable ainount of (lie a$sct is
¢Stitnated in ordei to deterimine the ¢x¢en¢ of the impaimient Ios5 lif any).
Recoverabl¢ amount is thc highei. of fatr value less costs to sell value in use. In a5s¢ssing value iii use, th¢ ¢slimated
future cash flows are discounted to their presejt value iising a pl￿taK discoLTnl ratE that reflects Current maykel
a5sessm¢nts of the time value of money and the risks specific to the asset for wliich the estimates of futUEE Gash flow$
have not been adjusted.
If the recoverable amount of an &sset is estimated to be less than 115 tarryiiig amount, the carrying ainount of the asset is
Irduccd to its recovei?ble arnount. An imp*&irment loss is recognised immediately im incoiM4lexpclldilure for the year.
unless the relcvant asset is carried at a reVaI￿ed amount, in wliich casc the impairrncnt loss is ti*ated &5 R revaluation
deaEase.
Recognised iiiip&iimenl losses are reversed If, and oiily if, the reasons for the impairment loss have ceased to apply.
Where an impairment loss subsequently ieverses, tlie caTiying amount of the asset is incirased to tlie revised estimate of
its iEcover8blc atnount, but so that ihe increased caTrying amount does IiDÉ ¢x¢eed the caTrying amount that would have
been determined had no iinpaii'ment loss beeji recognised for th¢ asset ill prior yeais. A reversal of an impairment 1055 IS
retognised immediately, unless the T¢l¢vant asset bs carried in al a Icvalued amount, ill which case the reveiEal of the
impairment Ioss IS treated as a revaluation increase.
1.8 Cash And Chsh eqlllvgletits
C8sh and cash equivaletils include cash iii hand, depD511s held at call with banks, other 5hort-terin liquid inve5tttteiits wilh
origijial Tnaturities of thiee moDtIis or less, and bank overdi?fts. Baiik overdrafts are showii wiihin kni'rowangs itt ¢urJEnt
1.9 FinAnciAI illStI-umeiits
Th¢ chaTity has elected to apply the provisions of Section I I 'Basic Financial In5tMm¢nts' and Section 12 '011ier
Fiiiancial Instrumettls Is5ue5' of FRS 102 to all of its fLnancial instrumetkls.
Financial it)strutrtents are reeognised in the charity's bfylance sheet when the charity becomes party to the contractual
provisions of th¢ instrument.
Financial assets and liabilities ale offset, wilh thE nel arnounts presented the fIna￿claI slaleillettts. when there is a
legally enfoK¢abl¢ light lo set off the reco8nÉsed ainounts and thEIE is an int¢Thtion to settle on a nel basis or io I'¢&lise the
asset and settle the liability sin)iillaneously.
17-

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONE TRUST
NOTES TO THI FINATr4CIAL STATII MENTS (CONTINUED)
FOR THEYEAR ENDED 31 MARCH 2024
Accoutttlllg poll¢ie
(CoKtlnvedl
BrtsicTinMncliilrtsyels
Basic financial J%s¢ls, which include debtors and cash and bank balances, ar¢ initially measured at tTanSabtion price
lncludiiig transaction ¢ostS alld air subscquently carri¢d at amortised cost Using tlie effective interest method uThl¢ss the
arra￿gerntnt constitutes a financing IransdGtiuii, wlhere the tYan5action is Jneasured at tlie piEsent value of the future
receipts di5coiiiil¢d at a maL'ket J'ate of iiitrvesl. Fittan¢ial assets classified a5 receivable within one year are t)ot amorlised.
Buslefiiiaiiclfil Ilubllilles
Bosi¢ financial liabiliti¢5, including creditors and bank loans are ittitially recognised at transaction pi'ice Ullless tlie
arrangement cotjstitulrs a financing traiisactioii, where the debt instrument is ineasured at th¢ piEsent v8lue of th¢ fiJtur¢
payments di5COUllted at a m8rk¢t rate of illterest. FiD&n¢ial liabilities classified as payable within one yeai. are not
amortis¢d.
Debt instn]ments al'e subsequently carri¢d at amortssed cost, using the effective Inte￿5t rhte method.
Trade ¢reditoYs are obligations to pay for ¥oods or service5 Ihat have been acquired iii the ordinary Couise of operatiolls
from suppliei's. Amounts payable aye classified R5 current liabilities if payment is due within one year or les%. If not. they
are pregenled as non-current liabilities. Tradc ciThlitors are re¢ognised initially at transaction price atEd subsequcntly
measured at amortised cost usÉng the ¢ff¢¢tive interest method.
Derecoxiililoh oljliiftrttlrtlllfibililies
Financi&l liabilitÈes are dcrecogni5ed when the charity's contractual obligations expire or are di5chaYged or¢an¢elled.
1,10 Provisions
Provisions are iecognised when the charity has a legal oi. coiistructive PT¢Senl oblig2tion as a result of a past ev¢i)t, tt is
probable that the charity will be required tD settle that oblEgalion and a reli&ble estimate can be inad¢ of th¢ amount of th¢
obligatioTr.
The rccognised as a pi'ovisiot) is the best estimate of tht coi)sideration required to Settle the present obligation al
the reporting end dat¢. taking into account the iisks and uncertaint1¢5 5un'ounding the ohligatioii. Wliere the effect of the
tijne val￿e of n]tsn¢y is material, the amount eApeGted ta bc i'cquired to settle the obligation is recognised at pre5c￿t value,
When a provision is mt&8urcd at prcsellt value. the unwinding of the di8count is recogni5ed as a finance cost in net
incomellexpenditurel in ihe period ill wliicli st arises.
1.11 Employee ben¢fit5
The cost of any ￿Th￿Sed holiday entitlenient j5 rccognised in the peyiod in which the etRployee's services are i￿cived.
Termination bet]tfits arE recognised iminediatcly as an expense when the charity i5 d6monsti?bly committed to lertttinate
the employm¢nt of an employee oi. to provide terinination benefits.
18-

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONETRugr
NOTES TO THE FINANCIALSTATEMENTS (CONTINUED)
FOR THY YEAR ENDED31 MARCH 2024
Aetounting pollcle5
(Cortfinueil)
1,12 Retiremeiit benefits
Tl* charity pJ'ovide5 ret&rement bciicfits to eitiployees a d¢fined conti'ibutioii pension plan. Most einployees aTe mejiibeis
of Ihc dcfincd conti'ibulion pension plBll. A defined wntribution plan is a p¢nsioii plan iiiider which the charity pay5 fixed
contributioiis iiilo a s¢parale entity. Once the conlribuliorts have been paid the ch￿rity has no ftirthei. paymeiil obligatlOll5.
Conti'ibutions arc chaiEEable io ihe SOFA in the period lo which they relate. The assets of the plon are held separately
from the charEty in independeiitly admtni5¢ered fund5 by Now P¢iision$.
Up to 3 1st Januaiy 2024, The charity also participat¢d in the Wandswoi'lh BoTough Council (WBC) Local Government
Pensioii Sch¢iiie (LGPSI, which is a defined btnefii atraiigÈineiil which wa5 closed lo new membeis iii 2015, wli¢n the
chai'ity transferred fiDm WBC. Iwetity-ninc current employees are active In¢nEbeTS, and a number of former einployees
are alqo Covcred by the provisions of that sclieine. D¢tails of the benefits p&yable ut]dei' thes¢ piDvisions can be found in
tlie WBC report and finarlcial statemejils on their websit¥. The scheme is a ￿llded, dcfined benefit s¢heme ihal covers
local goveinment ¢mploy¢e5. and other bodies, allowed undey the diiECtion of the SeGretary nf 8ta¢¢, iii England and
Walrs. The defined benefit sclieme assets are inve51ed in pooled funds managed by w￿d$Wol£ll Bovough Council.
Under the terjns of the Cots¢ession Contract between Wandsworth Borough Council and One Trust Ihal caine to an end
on the 31 March 2024, employees r¢maining in the LGPS are effectively tIEated as though they &iE employees of WBC.
One Trust is liable for.. lil employev tontribulions at the Standard WBC l-ate, atjd (ii) any liabilities crystallising as a iE5uIt
of any decisioii taken by One Trust. The chai'ity does not benefit from any surpluses on the scheme iior share any 1055es.
Accordingly, under FRS 102 the s¢h¢nie is accouEi¢ed for as if il weie a defined contribution s¢heiii¢.' th¢ cost of
participating in the scheme is taken as equal to tlie contributions payable to the scheme fDr the arcounling p¢riod.
CrititAI accounting eslimAtes judg¢men¢$
In the application of the chaiity's accounting policies, the Trustees air Irquired to make judgements, esliinates and
Assuinplions about the canying amount of a5Sels and liabilities that are iiot Teadily apparent fiDJn othei. source5. The
estiinates and associated assuniptioiis are based on historical exp¢rience and other factors that are considered to be
rel¢vant. Actual results niay diffei. from Ihcsc e5tÈmates.
The estimates and underlying assumpt10115 are reviewed on at> ongoiiig basis. Revisions to a¢counting estitll8te5 are
recogniised in the pBiiod in which the tstimate i5 Tevised where the revision affects only that peyiod, or in the period ol
tl?¢ revision and futuir periods where the revisioii affeG¢5 both current and future PEriod8.
1￿come froKll doiiatlons sknd legacies
Unrestricted
Uiiresti'icted
riinds
2024
2023
Donations and gifts
2.067
1,344
19-

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
014E TRUST
NOTES TO THE FJNANCIAL STATEMENTS (CON'fiNUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from charltwble activltie5
2024
2023
Services provided und¢r¢ontract wi¢h Richnioiid & Wandsworth BoiDv8h CoullcII
Strviccs provided under contract with other Local Authoriti¢s. ICB, NFIS. Direct
2,410.910
1,293,819
1,670,851
1,125.960
Total Services provided uiider ¢ontI￿t
3,793,044
3.704.729
Iticome fi'om iNvestmeiits
Unre5trleted Unrestricted
funds
fund$
2024
2023
It)teYesi receivable
302
184
Chai'ltRble 8ctivltles
2024
2023
Staff costs
Depr¢¢iation and iinpoinnent
R¢nt and l'ates
Ti?vellin¥ and mutor ruiit)iiig expenses
Printing. postage afjd slalioneiy
T¢lephO1￿ and coniputei. costs
Premis¢s expensE5 and Eqllipment Costs
Other costs
Client activities
Minibus costs
li'i'e¢ove¥abl¢ VAT
Payyoll and HR exp¢nses
2,536.045
47,616
179,752
48.499
7,674
71,198
61,181
77,054
70,396
2,635.557
32.133
177,412
55,965
7,971
54,706
90,772
96,￿9
71,650
2,346
98,074
6,623
127,035
{9791
3.240,602
3,329,218
Share of suppoit costs (see iiotr 7)
Shar¢ of governance Costs (see note 71
401,733
194,142
392,302
75,301
3,836,477
3,796,821

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
OIYE TRUST
NOTES TO THE FINANCIALSTATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
GovernADce 811d Support costs
Support costs Goverrjanee
CQ5t5
2024 Support costs Governance
costs
2023
Staff costs
Rent and rMt¢s
Printing, p051ag¢ and
stalionery
Telephone and computer
costs
Premisc5 cxpcnse5 and
equipnient Costs
Othei. c0515
PayToII atKI HR expenses
273,731
80,121
273.731
80,121
254,320
71,921
254,320
73,921
911
1,265
1,265
11.301
8,684
8.684
25,689
9,001
979
25,689
9.001
979
37,821
15.240
1,051
37.821
15,240
1,051
Audit fees
AccountanGy
Legal and pmfessional
8,000
2,000
184,142
8,000
2.000
184,142
8.01)0
2,000
65,301
8,000
2,000
65,301
401,733
194,142
595,875
392,302
75,301
467.603
Analysed between
Charitable a¢tivities
401,733
194,142
595,875
392,302
75.301
467.603
Suppovl Costs hav¢ been apportioned oll varying bascs d6pend¢nt on the cost category. Staff wsts liave been allocated
based on a split between liin¢ spent on charitable activities and suppvrt funtylivns, relit atid rates ai)d prernise5 expenses
and equipnient bosls have been hllocated based on t]1¢ nurnbcr of rooms in each buildiiig u8ed tor svpport fuJicÉioJs and
printing, postage alld stationery, telephone and computer Gosts. Dther costs and HR &nd payiDII ¢%penses have been
allocaled based on staff headGount.
Governgnee costs include5 payments to the auditors of £8,000 for audit fees.
Net movenjent itt fllnd$
2024
2023
The net moveme￿1 in fund5 IS stated aftBr ¢haYginglcreditingl'.
Fees payable for th¥ dU(tit vf thB charity's fJnancÉal statement$
Depr¢¢iation of owjied tangible fixed a5scIs
8,000
47,616
8,000
32.133
ustees
rwo trustet5 (or any persons connected with thein) received remuneration or benefits from the ¢harity during tl)e period.
Will Olmi ICEOI- gi￿$5 salary £72,474, and pensioi) conli'ibutions £14.804.
Tobia5 Barrett- woss salary £47,700, and pension contributions £2,385.
21

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONE TRUST
NOTES TO THE FINANCIALSTATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
io
Eniployees
The average montlily nU1￿ber of einploy¢es during the year was..
2024
Number
2023
Numbei.
78
73
EmployEneiit costs
2024
2023
Wage5 al￿ Salaries
SoGsal 5eburity cost5
Other pension cost5
2,400,616
199,017
210,143
2,435,199
218,698
235,980
2,809,776
2.889,877
Tlie n￿[￿ber Df ti￿p10Y¢¢S whose annual remuneration was Imor¢ than £60.0￿ is as
follow5..
2024
Iyumbei.
2023
Number
RemllnerAtion of key m8n8gement ptr50nDel
Th¢ remunerdlion of key management personn¢l was as follows..
2024
2023
Aggregale COTnpensation
180,223
179,135
Otlier expen5e8
2024
2023
FinanciDB costs
Other expetiditllre
542
44
5g2
586
592
12 Thx*Jon
The Gllarity is ex￿Thpt from tax on inconie and gains falling wiihin sectioit 505 of the T2xes Act 1988 or section 252 of
the Taxation of ChaiEeable Goiiis Act 1992 to the exteiit thatthese or¢ applied tD 115 charitable objects.
22-

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
OPIE TRUST
OTEI S TO THE FINANCIAL STATEI f+qENTS (CONTINUED)
riOR THE YEAR ENDED 31 MARCH 2024
13 T#nglble fixed ￿sSets
Le*s¢hol￿ 18iid
rixturcy
rittiw
Cthmputtr5 h10t￿l. vehlc]o5 se￿30rY #Arde
Cost
At l April 2023
Additions
Disposals
54.767
38.954
154,766)
57,780
20,338
133,9581
38,945
91,378
242,870
33,142
365,348
(91,3781 1200,1021
272,914
(20,0001
At 31 March 2024
272,914
38,955
44.160
18,945
33,142
408,116
DepreciHtioTh and
impsLlrEE]ent
At l April 2023
Depreciation ¢liarged in the
year
Eliminated in respe¢tof
disposals
49,733
45,845
24,737
91378
211,693
3,032
14,765
14,719
4.053
11,047
47,616
(54,7661
(33.9581
120.000)
191 J781 (200.102)
Al 31 March 2024
3,032
9,732
26,606
8,790
11,047
59,207
Carrylng
Af 31 March 2024
269,882
29.223
17,554
10,155
22.095
348.909
At 31 March 2023
5,034
11,935
14,208
31,177
14
Debtors
2024
2023
Amounts falliiig due JYithiH ont yeai.:
Trade debtoys
Othei. debloi's
Prepayments and aCc[￿ed incom¢
337,332
63,723
31,534
959,338
61,392
35,068
432,589
1.055,798
15 Cieditors: Hmourtts f#llSngdue within one year
2024
2023
Not¢s
other taxation and social security
Deferred income
Tr&de ¢reditots
Othcr crcdilor5
Accruals and deferJEd Èncoine
21,771
16,500
27,911
22,047
38,85 1
55,868
66.000
47,141
129,458
33,276
17
127,080
331,743
-23-

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONEI TRUST
NOTES TO THE FINANCIALSTATEMENTS (CONTJNUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 ProvA%torJs for IIAbilities
2024
20Z3
51.000
100,883
Movements on pi'ovisions:
At l April 2023
Over Provision5
100,883
(49.883)
At 31 March 2024
51,000
The brought foTward provision of £100,883 has been wrirten bark to th¢ sofa.
Contracts wtth ICB'S are invoiced on the basis of sejvires provided by One Trust. Irg31'dless of attendaiice by s￿vice
users, Following two weeks of non-*tttndaiice, One Trust 15 required to notify ICB'S and confirm ongoing 5eTVlce
requii'emeiils. Conliacts are ollly ternlinated on reccipt of wi'illen notification from the ICB. The provision lias been
writteti back lo the inconic and cxpendiiure account as the liability is now fully settled. Duiing the year, TTUSte¢s mad¢ a
decision to restructur¢ the Charity and the sum of £51,000 15 Set aside foj, this.
17
Deferi'td IneoEne
2024
2023
Arising from services provided und¢r contract
16,500
66,000
Deferred illcome is included in th¢ finaticial statemet)ts as follows:
2024
2023
Deferred income is in¢luded within:
Current li&bilili¢s
16.500
66,000
Movements in the y¢ar'.
Defei'red income &t l April 2023
Rel¢as¢d fro1￿ pirvious periods
R¢50urces deferred in the y¢ar
66.000
(66.0001
16,500
66.000
Deferred income at 31 Marcli 2024
16.500
66,000
Income is defeiiEd for futute events wherE It is refundable or has been received in advaiice. The amount of £16,500
rel#t¢s to advance payments foi. the piDvision of services at the Siitton Inclusion centre foT the u5¢ of Hyd)i>theixpy pool
for servi¢e u$en8 fundtd by the Integrated Care Board IICBI.
-24-

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONE TRUST
NOTES TO THE FINANCIAL STATEMENTS (COIYTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
J8
Retlrement benefit schemes
During ihe fjrst ten moiiths of Ihe year, One Trust op¢i2ted two PeTr5ioiI S¢hemes for its employees. All employees can
opt in or out of eithcr s¢heme in accordance with the rnles
On Isl February 2024,One Trust ceased io be a metTrber of the WaEidsworth Borougli Council LGPS 5Gheme du¢ to the
ejid of th¢ ¢essatEon contract and now only operates Dne pension scheme with Now pensions.
Der￿lled contribution scheme
A Group Personal Pension Plan run by Now P¢n51Dns calltd the One Tvust Pension S¢h¢me. This is a defined
colltributioji scheme that is open to Gurrent staff and satisfies the &ulo ellrolinent legislation. One Ti￿st contributes 5V/o
and tl)e employee a150 Gontrihutes 5 % of gross pay. ERch membey of the s¢heme can inGIEaS¢ conlribut50115 aGcnrdiiig to
the level (If statutory requiremeijts at th¢ point at which th¢y joitied the scheme. The chai'ity cDntribiitcd £47,28812023..
£47.288) by way of eTnployer wntributions durtng the year.
Defined FKn¢fit schem¢
Tlie charity also participated in the WBC Local Government Pensioil sc1￿Me ILGPS). which is a defI￿d benefit
ari'atTrgtJnent that was closed tti new ii)einbei'5 in 2015, wliet] the chai'ity transferred froiii WBC.
In lii)e with the eoncession contra¢t that can)¢ to an ¢iid on the 31 January 2024, out of the Twenty-nine current
employees that were active a5 at the tr&i?sftr date. eighteell1181 were traiisferrtd via TUPE and the remaining eleveii (111
joii)ed the Now pensions 5clIEtne.
From l April 2023 to 31 January 2024, the Charity paid contributions at a rate of 23.4% of pensionable pay, but WBC
reimbursed a part of thi8 emplDyef Lontribution to bring One'ITUSt'.s effective late of contributioii down to 19 tt which is
the rate paid by WBC iii respect of their own employees. Net employer contributions duriiig the year ainounted to
£152,231 (2023.. £149.160).
One Trust eiMploy¢es ¢ontributed to the seheme on a tiered scale frottE 6%- 14.50A of Ilieir pen51Dnable pay, depending on
tot81 ¢arnings
19 Uijrestricttd fund5
The income funds of the charity include th6 following desiw]at¢d funds whÉch have been set asidc oyi of uni'estricted
ds by the tru51ees for specific purpose5'.
At l Apj'll 2023
Rosoui'ce5
expeiided
'8nsfers
At 31 Mai'ch
2024
i*sources
One Trust expansion plan
Gencral funds
260,000
578,071
1260,0001
260,000
3,795,413
(3,837,063}
796,421
838.071
3,795,413
{3.837,063)
796,421
Prevlou5 year:
At l Api'il 2022
1￿coMIng
resoui'ces
Resouiees
expcnded
Transfers
At JI MRrch
21123
One Trust expansion plan
General funds
260,IK)O
669,227
260,000
578,071
3,706.257
(3,797.4131
929,227
3,706257
(3,797,413)
838,071
These designated funds were used to deliv¢r additioiial biiilding capacity and associated refurbishment, at thc Light Bulb,
ro ensure additional spac£¥ used by One Tnist is fjt for purpose,
25-

Docusign EnvelopÈ ID". 1BF78586-CS984CDO-B193-OF001 E3015C4
ONE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEI D)
FOR THE YEAR Ef4DED 31 MARCH 2024
20
Operfiting le4se tommltmeDts
Al the IEPOrting end date ilie ¢liaYity had oulslandin¥ commiltncnts for future minimum lease p&yments under non-
can¢ellable operalirtg leases, which fall due #s follows..
2024
2023
Within oiie year
Between two and fiv¢ years
74,968
234,080
73,050
4,038
309,IM8
77,088
21 Clsh generated from opei%tlons
2024
2023
Deficit for the year
141.650)
191,1561
Adjusttnenls for..
Ittveslnient income recogniscd in statement of financill activi¢i¢s
Depreciaiion and itnpaiTmeni of tangible fixed assets
13021
47,616
(184)
32.133
Mov¢ments in woTking capital..
D¢ciEa5d(in¢reasel in debto]
(DecreAsel in creditois
Increase in provisions
(Decreasellincrease in defej'red income
623,209
1155,163)
149,883)
149,500)
(155,8051
(21.2401
{86.422)
66,000
CAsh gen¢t*ted froml(ab50rbpd by) Oper￿tIOns
374,327
{256,674)
26-