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2020-12-31-accounts

Company number: 09889615 Charity number: 1170855

ONE Against Poverty (UK)

Report and financial statements For the year ended 31 December 2020

ONE Against Poverty (UK)

Contents

For the year ended 31 December 2020

Reference and administrative information .................................................................................... 1 Trustees’ annual report ................................................................................................................ 2 Independent auditor’s report ...................................................................................................... 14 Statement of financial activities (incorporating an income and expenditure account) .................. 18 Balance sheet ............................................................................................................................. 19 Statement of cash flows .............................................................................................................. 20 Notes to the financial statements ............................................................................................... 21

ONE Against Poverty (UK)

Reference and administrative information

For the year ended 31 December 2020

Company number 09889615

Charity number 1170855

Registered office and operational address 8[th] Floor, Endeavour House, 189 Shaftesbury Avenue, London WC2H 8JR

Country of registration England & Wales

Country of incorporation United Kingdom

Trustees Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Gayle Smith Richard Constant Tom Hart, acting Chair from 5 April 2021 Lawrence Simanowitz, resigned 15 April 2021 Jill Tandy, appointed 15 April 2021 Key management Tim Cole personnel Julian Mason Company Secretary Julian Mason Bankers The Co-operative Bank P.O. Box 101 1 Balloon Street MANCHESTER M60 4EP Solicitors Bates Wells 10 Queen Street Place LONDON EC4R 1BE Auditor Sayer Vincent LLP Chartered Accountants and Statutory Auditor Invicta House 108-114 Golden Lane LONDON EC1Y 0TL

1

ONE Against Poverty (UK)

Trustees’ annual report

For the year ended 31 December 2020

The trustees present their report and the audited financial statements for the year ended 31 December 2020.

The reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

Purposes and aims

The ONE Campaign, as a US registered charity, works to educate people around the world on issues relating to ending extreme poverty and preventable disease, particularly in Africa.

ONE Against Poverty (UK) – “OAP” - is the ONE Campaign’s wholly owned affiliate in the UK. Its objects, which focus particularly (but not exclusively) on Africa, are, for the public benefit, to:

OAP is part of the ONE Campaign and achieves its charitable objects through campaigning and advocacy. OAP’s operating model involves acting as the ONE Campaign’s affiliate in the UK, as well as the administrative hub for ONE’s operational requirements across Europe.

The trustees review the aims, objectives and activities of the charity each year. This report looks at the charity’s achievements and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those it aims to help. The review also helps the trustees ensure the charity's aims, objectives and activities remain focused on its stated purposes.

Public benefit

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. This report outlines how our achievements during 2020 have benefited the public, either directly or indirectly.

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ONE Against Poverty (UK)

Trustees’ annual report

For the year ended 31 December 2020

Volunteers

During 2020, we recruited 57 volunteers as Youth Ambassadors in the UK, seven more than last year. Our Youth Ambassadors play a crucial role in communicating about and supporting our campaigns.

Achievements and performance

All OAP’s charitable activities focus on fighting extreme poverty and preventable disease, particularly in Africa, and are undertaken to further OAP’s charitable purposes for the public benefit.

OAP’s 2020 plans were developed before the COVID-19 pandemic in early 2020, after which many planned activities were revised and changed from being delivered off-line to online. Some planned activities were paused or cancelled. Additionally, OAP aligned some of its work with the ONE Campaign’s ONE World campaign which called for a global response to the pandemic in the form of a Pandemic Response Plan.

During 2020, OAP made a significant contribution to several of the ONE Campaign’s global achievements. From our involvement in ONE’s efforts that helped ensure more than $8.8bn was pledged at the Global Vaccine Summit (exceeding the target of $7.4bn), to amplifying the ONE World campaign and its call for a global response to the coronavirus pandemic. We helped raise awareness and discussion in the UK’s media on a variety of items including #PasstheMic and the Global Vaccine Summit, by securing 244 media hits. We also actively contributed to ONE’s internal response on challenging racial inequality and social injustice, following incidents of racial injustice, with some OAP employees joining ONE’s DEI (Diversity, Equity and Inclusion) Council. The DEI Council is leading on a series of initiatives so that ONE becomes a more diverse, inclusive and equitable organisation.

Other examples of OAP’s achievements, both in the UK and as a contribution to the ONE Campaign are included in the sections below.

Priority activities that involved most teams and functions

OAP’s priority activities in 2020 were based on the ONE Campaign’s Global Annual Plan.

ONE World : Under this campaign we said that we would seek to unite citizens across the world in calling for a pandemic response plan that supported and protected the most vulnerable, delivered a vaccine and created a more just and equal world. During 2020 we:

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ONE Against Poverty (UK)

Trustees’ annual report

For the year ended 31 December 2020

how world leaders were doing on improving access to safe and effective COVID-19 vaccines globally.

ODA : Under this campaign we said that we would seek to protect and strengthen the quality and quantity of UK aid, by keeping 0.7% and an independent DFID and ensuring a greater share of UK aid is ‘real aid’. During 2020 we:

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ONE Against Poverty (UK)

Trustees’ annual report

For the year ended 31 December 2020

850,000 signatures on a petition sent to the HM Treasury, G20 Finance Ministers did not extend the debt standstill through to 2021.

Gavi : Under this campaign we said that we would seek to secure a UK government pledge to Gavi that was at least the current share (25.5%) and influence the UK government’s work to secure a successful replenishment conference. During 2020 we:

Build new parliamentary champions for development: Under this goal we said that we would seek to strengthen political support, including cross-party parliamentary support, for international development. During 2020 we:

5

ONE Against Poverty (UK)

Trustees’ annual report

For the year ended 31 December 2020

Supporter engagement: Under this project we said that we would develop a modernised supporter programme that strengthened and mobilised our online and offline membership. During 2020:

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ONE Against Poverty (UK)

Trustees’ annual report

For the year ended 31 December 2020

G7 2021: Under this workstream we said that we would identify a set of ambitious commitments that are in line with our priorities that the year’s UK-hosted G7 Summit could deliver. During 2020 we:

Beneficiaries of our services

OAP is not a service delivery charity. OAP raises awareness of issues relating to extreme poverty and preventable disease with the public and policy makers through advocacy and campaigning. People living in the continent of Africa are the primary beneficiaries of OAP’s charitable activities.

Financial review

OAP is funded entirely by the ONE Campaign in accordance with the Educational Grant and Intellectual Property Agreement between the two entities. The net assets of OAP comprise assets and liabilities relating to the lease of office space. OAP entered into an agreement in June 2016 to lease office space in London, United Kingdom for the period to June 2026. As part of the lease agreement, the ONE Campaign paid a security deposit of £582,048 on behalf of OAP.

OAP initiated activity in May 2017, and at that time, fixed assets used by the charity and property liabilities which were the amortization of initial rent-free periods were transferred from the ONE

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ONE Against Poverty (UK)

Trustees’ annual report

For the year ended 31 December 2020

Campaign to OAP. The net value of these net liabilities, at the end of 2020, was £252,386. Over the period of OAP’s lease, this property liability will reduce to zero. Since OAP started, the ONE Campaign has funded its cash needs and has committed to continue to do so.

During 2020, OAP received income of £4,213,352 from the ONE Campaign to enable the delivery of its charitable activities. It incurred expenditure of £4,255,161, primarily in respect of staff costs (direct and indirect) and office expenses. OAP’s incurred expenditure exceed its received income by £41,809. This was due to some agreed audit adjustments.

The net liabilities position at the year-end was £252,386, increased from £210,577 at the start of the year due to in-year incurred expenditure exceeding received income. The net liabilities position will decrease each year over the lifetime of the office lease.

OAP did not hold any material financial investments at 31 December 2020.

Principal risks and uncertainties

Trustees have, and regularly monitor, a key risk register, which articulates OAP’s principal risks and mitigations under the following areas:

The table below highlights the key risks, and mitigation, based on a risk score of the likelihood and impact of OAP’s identified risks.

Keyrisk area Keyrisk Mitigation
Operational OAP's work is impacted by the
coronavirus		 This key risk was added in early
2020 and remained one of OAP’s top
risks throughout the year. As a
result of the pandemic, OAP pivoted
most of its activities from offline to
online, and in line with UK
government guidance introduced
remote working for its staff. OAP
was not adversely impacted
financially.
Environmental
and External		 Changes in relevant UK government
policy		 Throughout 2020, OAP advocated to
safeguard the quality and quantity of
Overseas Development Assistance.
Changes in key actors/influencers
results in less political support for
OAP’s causes		 Our ‘Five Point Plan for Development
Impact’ was produced in response to
the creation of the Foreign,

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ONE Against Poverty (UK)

Trustees’ annual report

For the year ended 31 December 2020

Commonwealth & Development
Office, following the merger of the
Foreign & Commonwealth Office
with the Department for
International Development. We
worked with partners to campaign in
support of our Five Point Plan to
influence key stakeholders in the
new department, including Ministers
and relevant senior officials.
Our Five Point Plan was also a
vehicle to engage members in
mobilising support from MPs around
relevantparliamentaryvotes.
A serious incident occurs that
adversely impacts OAP’s reputation		 While no serious incidents occurred
during 2020, this remains a key risk.
OAP’s risk register is reviewed by
trustees and revised, if needed,
when a serious incident occurs.

Reserves policy and going concern

The trustees’ current reserves policy is not to hold any funds in reserves. This is due to OAP’s current funding arrangements, whereby its funding is solely provided by the ONE Campaign (i.e., funding is provided and guaranteed as a result of the Educational Grant and Intellectual Property Agreement between OAP and the ONE Campaign). OAP’s trustees have deemed it unnecessary to have a reserves policy because the Educational Grant and Intellectual Property Agreement exists to provide OAP with enough funding to support its charitable and educational activities. Trustees will keep this situation under review.

Trustees have a reasonable expectation, based on receiving support from the ONE Campaign’s Board, that adequate resources exist for OAP to continue in operational existence for the foreseeable future and thus continues to adopt the going concern basis of accounting in preparing these financial statements.

Looking ahead to 2021

Our key plans for 2021, which support key goals of the ONE Campaign’s 2021 Global Annual Plan and contribute towards the achievement of its 2019-2024 strategic plan, focus on:

ODA: Under this project, in anticipation of legislation to amend the 0.7 GNI commitment, we will scale up our Real Aid campaign to reach and influence MPs to rally opposition to any amendments to the 0.7 commitment. We will look at various opportunities and methods to deliver increased supporter engagement with key MPs ahead of any votes on the international aid budget.

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ONE Against Poverty (UK)

Trustees’ annual report

For the year ended 31 December 2020

Global Education Campaign: Under this campaign we will use the UK’s hosting of the 2021 G7 Summit and the GPE (Global Partnership for Education) replenishment conference to put a spotlight on the global learning crisis. We will be a driving force behind ONE’s global education campaign, to mobilise commitments that protect and expand education budgets, prioritise foundational literacy for girls, and achieve the UK Prime Minister’s commitment to ’12 years of quality education for girls’.

ONE World: Under this campaign we want to leverage the UK’s hosting of the 2021 G7 Summit to maximise opportunities to deliver global vaccine access and an economic recovery package for Africa, including debt suspension.

Campaign to Crack the Crises: Under this campaign we will participate in a broad coalition of organisations committed to internationalism, the environment and social justice to create a shared narrative and campaign to ensure we maximise the opportunities available due to the UK government’s hosting use the UK’s hosting of various international moments in 2021: COP26, G7 and GPE, to secure progress for the Sustainable Development Goals and try to regain a positive internationalist agenda for the next decade in the UK.

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on 26 November 2015 and registered as a charity on 20 December 2016. The ONE Campaign is the sole Member. OAP initiated activity in May 2017.

The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association.

In early April 2021, Gayle Smith took on a temporary assignment with the US State Department and Tom Hart became acting Chair.

All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 5 to the accounts.

Appointment of trustees

All trustees, in accordance with OAP’s Articles of Association, are appointed by the ONE Campaign (i.e. the Member). OAP must have at least three trustees, of which two must be Independent Trustees.

The ONE Campaign, in accordance with OAP’s Articles of Association, appoints one of the trustees to be the Chair.

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ONE Against Poverty (UK)

Trustees’ annual report

For the year ended 31 December 2020

Trustee induction and training

Trustees receive an overview of OAP’s legal structure and relationship with the ONE Campaign. They also receive updates on OAP activities and invitations to OAP, as well as ONE Campaign, events. Trustees are given the opportunity to attend training events and workshops to learn more about the role and responsibilities of trusteeship. Some trustees took up this opportunity. They are also provided with information and documentation outlining the duties of charity trustees, such as and including the Charity Commission’s The Essential Trustee: what you need to know, what you need to do and the refreshed Charity Governance Code.

Applying the Charity Governance Code

The refreshed Code was released in late 2020, We will be reviewing which of the Code’s principles to apply or explain during 2021.

Related parties and relationships with other organisations

OAP and the ONE Campaign are parties to an Educational Grant and Intellectual Property Agreement. The Grant is for the exclusive purpose of supporting OAP’s charitable and educational activities (i.e., non-lobbying and non-partisan), as defined under Section 501(c)(3) of the US Internal Revenue Code of 1986 (“IRC”). In addition to the Grant, ONE also desires to license certain trademarks, logos and other intellectual property to OAP in furtherance of OAP’s charitable and educational activities as defined under Section 501(c)(3) of the IRC.

OAP also has a Cost Allocation and Expense Reimbursement Agreement with ONE Action. The Agreement minimises duplicative expenses and allows both organisations to carry out their complimentary purposes in an economical and efficient manner, including the sharing of employees whose skills and knowledge will assist both organisations in achieving their non-profit purposes and the sharing of office space and equipment. The Agreement also covers intellectual property rights.

Remuneration policy for key management personnel

OAP follows the same philosophy as the ONE Campaign in terms of compensation. OAP maintains a compensation program that aims to attract, retain and reward its qualified and diverse workforce. Within the boundaries of financial feasibility, employee compensation shall be externally competitive within the non-profit sector, internally equitable, and recognise high performers.

Fundraising policy

OAP does not engage in public fundraising and does not use external fundraisers. OAP employs a member of staff who is part of the ONE Campaign’s Development Team and who contributes to the ONE Campaign’s fundraising activity with philanthropists, foundations and corporations. OAP

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ONE Against Poverty (UK)

Trustees’ annual report

For the year ended 31 December 2020

observes and complies with the relevant fundraising regulations and codes. During the year there was no non-compliance of these regulations and codes and OAP received no complaints relating to its fundraising practices.

Statement of responsibilities of the trustees

The trustees (who are also directors of OAP for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of it winding up. The total number of such guarantees at 31 December 2020 was one (2019: one). The ONE Campaign is the sole member. The trustees have no beneficial interest in the charity.

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ONE Against Poverty (UK)

Trustees’ annual report

For the year ended 31 December 2020

Auditor

Sayer Vincent LLP was appointed as the charitable company's auditor during the year and has expressed its willingness to continue in that capacity.

The trustees’ annual report has been approved by the trustees on 1 July 2021 and signed on their behalf by

Tom Hart Acting Chair

13

Independent auditor’s report

To the members of

ONE Against Poverty (UK)

Opinion

We have audited the financial statements of ONE Against Poverty (the ‘charitable company’) for the year ended 31 December 2020 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on ONE Against Poverty’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

14

Independent auditor’s report

To the members of

ONE Against Poverty (UK)

Other Information

The other information comprises the information included in the trustees’ annual report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees (who are also the directors of the charitable company for the purposes of

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Independent auditor’s report

To the members of

ONE Against Poverty (UK)

company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

16

Independent auditor’s report

To the members of

ONE Against Poverty (UK)

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company's members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Noelia Serrano (Senior statutory auditor) 2 July 2021

for and on behalf of Sayer Vincent LLP, Statutory Auditor Invicta House, 108-114 Golden Lane, LONDON, EC1Y 0TL

17

ONE Against Poverty (UK)

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 December 2020

Note
Income from:
2
3
Charitable activities
3
4
Reconciliation of funds:
Total funds carried forward
Total funds brought forward
Net movement in funds
Total income
Expenditure on:
Raising funds
Total expenditure
Donations and gifts in kind		 2020
2019
Total
Total
£
£
4,213,352
3,958,090
4,213,352
3,958,090
171,405
159,280
4,083,756
3,765,495
4,255,161
3,924,775
(41,809)
33,315
(210,577)
(243,892)
(252,386)
(210,577)

All of the above results are derived from continuing unrestricted activities. There were no other recognised gains or losses other than those stated above. All funds are unrestricted.

18

ONE Against Poverty (UK)

Balance sheet

Balance sheet
As at 31 December 2020 Company no. 09889615
Note
Fixed assets:
9
Current assets:
10
Liabilities:
11
13
Total unrestricted funds
Total assets less current liabilities
Total charity funds
Debtors
The funds of the charity:
Creditors: amounts falling due within one year
Net current (liabilities)
Total net (liabilities)
Creditors: amounts falling due after one year
Cash at bank and in hand
Tangible assets		 £
757,449
2,332		 2020
£
£
182,793
717,751
17,554
735,305
(797,955)
(161,082)
21,711
(274,098)
(252,386)
(252,386)
(252,386)		 2019
£
216,028
(62,650)
759,781
(920,863)
153,378
(363,955)
(210,577)
(210,577)
(210,577)

The opinion of the trustees is that the charitable company is entitled to the exemptions conferred by Section 477 of the Companies Act 2006 relating to small companies. These accounts have been prepared in accordance with the special provisions applicable to entities subject to the small companies regime.

Approved by the trustees on 1 July 2021 and signed on their behalf by

Tom Hart Acting Chair

19

ONE Against Poverty (UK)

Statement of cash flows

For the year ended 31 December 2020

Note
£
£
Cash flows from operating activities
Net income for the reporting period
(41,809)
(as per the statement of financial activities)
Depreciation charges
33,235
(Increase) in debtors
(39,698)
Increase/(decrease) in creditors
33,050
Net cash provided by operating activities
(15,222)
(15,222)
17,554
2,332
At 1
January
2020
Cash flows
£
£
Cash at bank and in hand
17,554
(15,222)
a
Total cash and cash equivalents
17,554
(15,222)
Analysis of cash and cash equivalents and of net debt
Cash and cash equivalents at the end of the year
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
2020		 Note
£
£
Cash flows from operating activities
Net income for the reporting period
(41,809)
(as per the statement of financial activities)
Depreciation charges
33,235
(Increase) in debtors
(39,698)
Increase/(decrease) in creditors
33,050
Net cash provided by operating activities
(15,222)
(15,222)
17,554
2,332
At 1
January
2020
Cash flows
£
£
Cash at bank and in hand
17,554
(15,222)
a
Total cash and cash equivalents
17,554
(15,222)
Analysis of cash and cash equivalents and of net debt
Cash and cash equivalents at the end of the year
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
2020		 Note
£
£
Cash flows from operating activities
Net income for the reporting period
(41,809)
(as per the statement of financial activities)
Depreciation charges
33,235
(Increase) in debtors
(39,698)
Increase/(decrease) in creditors
33,050
Net cash provided by operating activities
(15,222)
(15,222)
17,554
2,332
At 1
January
2020
Cash flows
£
£
Cash at bank and in hand
17,554
(15,222)
a
Total cash and cash equivalents
17,554
(15,222)
Analysis of cash and cash equivalents and of net debt
Cash and cash equivalents at the end of the year
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
2020		 £
£
33,315
33,235
(1,509)
(51,673)
13,368
13,368
4,186
17,554
Other non-
cash
changes
At 31
December
2020
£
£
2,332
2,332
2019		 £
£
33,315
33,235
(1,509)
(51,673)
13,368
13,368
4,186
17,554
Other non-
cash
changes
At 31
December
2020
£
£
2,332
2,332
2019
(15,222) 13,368
(15,222)
17,554		 13,368
4,186
2,332 17,554
Cash flows
£
(15,222)		 At 31
December
2020
£
2,332
17,554 (15,222) 2,332

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ONE Against Poverty (UK)

Notes to the financial statements

For the year ended 31 December 2020

1 Accounting policies

a) Statutory information

The registered office address is 8th Floor, Endeavour House, 189 Shaftesbury Avenue, London, WC2H 8JR.

b) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

c) Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

d) Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Key judgements that the charity has made which have a significant effect on the accounts include the continued support of the parent entity, the ONE Campaign.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

e) Income

ONE Against Poverty (UK) is funded entirely by the ONE Campaign in accordance with the Educational Grant and Intellectual Property Agreement between the two entities.

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

21

ONE Against Poverty (UK)

Notes to the financial statements

For the year ended 31 December 2020

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

g) Operating leases

Rental charges are charged on a straight line basis over the term of the lease. Any lease incentives are also attributed on a straight line basis over the full length of the lease.

h) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £3,000. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Where fixed assets have been revalued, any excess between the revalued amount and the historic cost of the asset will be shown as a revaluation reserve in the balance sheet.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

10 years

i) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

j) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

k) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

l) Pensions

ONE Against Poverty (UK) operates a defined contribution pension scheme into which employees and the entity pay based on a percentage of gross salary.

22

ONE Against Poverty (UK)

Notes to the financial statements

For the year ended 31 December 2020

Donations and gifts in kind 2020
2019
Total
Total
£
£
4,213,352
3,958,090
4,213,352
3,958,090

During the year, the entity received income and gifts in kind totalling £4,266,085 (2019: £3,948,090) from the ONE Campaign, the parent organisation to support ONE Against Poverty (UK)'s charitable and educational activities.

23

ONE Against Poverty (UK)

Notes to the financial statements

For the year ended 31 December 2020

3a Analysis of expenditure (current year)

Staff costs (Note 5)
Other staff costs
Programme Consultants
Meetings and events
Campaigns
Travel and expense
Professional fees
Facilities and office supplies
IT and telecoms
Other administrative expenses
Support costs
Governance costs
Total expenditure 2020
Total expenditure 2019		 Raising
funds
£
101,913
1,042
4,917
1,483
26,337
867
-
27,394
1,398
6,054
171,405
-
-
171,405
159,280		 Charitable
activities
£
1,847,048
18,886
89,113
26,874
477,326
13,901
-
496,474
25,337
109,712
3,104,671
882,398
96,687
4,083,756
3,765,495		 Governance
costs
£
-
-
-
-
-
1,819
94,868
-
-
-
96,687
-
(96,687)
-
-		 Support
costs
£
524,654
5,364
25,313
7,633
135,585
4,465
-
141,023
7,197
31,164
882,398
(882,398)
-
-
-		 2020
Total
2019
Total
£
£
2,473,615
2,199,174
25,292
79,638
119,343
147,303
35,990
14,184
639,248
358,659
21,052
120,635
94,868
58,738
664,891
856,138
33,932
50,469
146,930
39,837
4,255,161
3,924,775
-
-
-
-
4,255,161
3,924,775

Expenditure apportioned under ‘raising funds’ represent costs incurred to raise funds for OAP’s charitable purposes. During 2020, all of OAP’s funds were raised via the ONE Campaign.

24

ONE Against Poverty (UK)

Notes to the financial statements

For the year ended 31 December 2020

3b Analysis of expenditure (prior year)

Staff costs (Note 5)
Other staff costs
Programme Consultants
Meetings and events
Campaigns
Travel and expense
Professional fees
Facilities and office supplies
IT and telecoms
Other administrative expenses
Support costs
Governance costs
Total expenditure 2019		 Raising
funds
£
90,606
3,281
6,069
584
14,777
4,970
-
35,273
2,079
1,641
159,280
-
-
159,280		 Charitable
activities
£
1,642,123
59,466
109,991
10,592
267,810
90,078
-
639,278
37,686
29,747
2,886,771
844,807
33,917
3,765,495		 Governance
costs
£
-
-
-
-
-
-
33,917
-
-
-
33,917
-
(33,917)
-		 Support
costs
2019
Total
£
£
466,445
2,199,174
16,891
79,638
31,243
147,303
3,008
14,184
76,072
358,659
25,587
120,635
24,821
58,738
181,587
856,138
10,704
50,469
8,449
39,837
844,807
3,924,775
(844,807)
-
-
-
-
3,924,775

Expenditure apportioned under ‘raising funds’ represent costs incurred to raise funds for OAP’s charitable purposes. During 2020, all of OAP’s funds were raised via the ONE Campaign.

25

ONE Against Poverty (UK)

Notes to the financial statements

For the year ended 31 December 2020

This is stated after charging / (crediting):

This is stated after charging / (crediting):
2020 2019
£ £
Depreciation 33,235 33,235
Operating lease rentals payable:
Property 545,041 715,129
Other 12,015 10,987
Auditor's remuneration (excluding VAT):
Audit 12,600 12,350
Other services 4,000 4,000

5 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel Staff costs were as follows:

Other forms of employee benefits
Employer’s contribution to defined contribution pension schemes
Salaries and wages
Social security costs		 2020
2019
£
£
2,037,085
1,863,610
318,250
223,466
96,356
77,393
21,924
34,705
2,473,615
2,199,174

The following number of employees received employee benefits (excluding employer pension costs and employer's national insurance) during the year between:


employer's national insurance) during the year between:
2020 2019
No. No.
£60,000 - £69,999 1 2
£70,000 - £79,999 4 2
£80,000 - £89,999 - -
£90,000 - £99,999 1 2
£100,000 - £109,999 1 1
£110,000 - £119,999 1 1
£160,000 - £169,999 2 1

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £277,841 (2019: £222,917). Many of the charity’s employees have a global focus, rather than a UK specific strategic role. As a result, only two of the charity’s employees were designated as being key management personnel.

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2019: £nil). No charity trustee received payment for professional or other services supplied to the charity (2019: £nil).

26

ONE Against Poverty (UK)

Notes to the financial statements

For the year ended 31 December 2020

6 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was 39.7 (2019: 37.6).

Staff are split across the activities of the charity as follows (full time equivalent basis):

Raising funds
Support
Charitable activities		 2020
2019
No.
No.
1.7
1.5
29.6
28.1
8.4
8.0
39.7
37.6

7 Related party transactions

During the year Gayle Smith, a trustee of ONE Against Poverty (UK), was employed as CEO of the ONE Campaign, the parent charity of ONE Against Poverty (UK).

During the year Lawrence Simanowitz, a trustee of ONE Against Poverty (UK), was employed as a partner at Bates Wells, a solicitor’s firm who acted on the behalf of ONE Against Poverty (UK). During the year, services totalling £3,545.16 (2019: £6,181.85) were undertaken by Bates Wells. £nil (2019: £nil) was outstanding at the year end.

ONE Against Poverty (UK) is a subsidiary of the ONE Campaign, a charity incorporated and registered in the United States of America.

During the year, the ONE Campaign provided support by donating funds and meeting the liabilities of ONE Against Poverty (UK) as they fell due. The donation and gifts in kind provided by ONE Campaign was £4,213,352 (2019: £3,948,090).

During the year, aggregate donations of £1,000 were received from a Board member of the ONE Campaign (2019: £10,000).

8 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

27

ONE Against Poverty (UK)

Notes to the financial statements

For the year ended 31 December 2020

9 Tangible fixed assets

At the end of the year
Cost
At the start of the year
At the end of the year
Net book value
At the end of the year
At the start of the year
Charge for the year
At the start of the year
Depreciation		 Leasehold
improvements
£
332,350		 Total
£
332,350
332,350 332,350
116,322
33,235		 116,322
33,235
149,557 149,557
182,793 182,793
216,028 216,028

All of the above assets are used for charitable purposes.

10 Debtors

Debtors
Lease deposit
Prepayments
Other
Creditors: amounts falling due within one year
Amounts due to parent entity
Accruals
Trade creditors
Deferred rent incentive (note 12)		 2020
£
582,048
173,608
1,793		 2019
£
582,048
135,703
-
757,449 717,751
2020
£
45,205
54,980
758,027
62,651		 2019
£
-
-
735,304
62,651
920,863 797,955

28

ONE Against Poverty (UK)

Notes to the financial statements

For the year ended 31 December 2020

12 Deferred rent incentive

Deferred income comprises rent amounts deferred due to rental costs being recognised over the full length of the lease, including an initial period where a rent incentive is in place.

Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year		 2020
2019
£
£
424,778
479,601
(424,778)
(479,601)
336,749
424,778
336,749
424,778

13 Creditors: amounts falling due after one year

Deferred rent incentive 2020
2019
£
£
274,098
363,955
274,098
363,955

14 Operating lease commitments payable as a lessee

The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods


each of the following periods
Less than one year
One to five years
Over five years		 2020
2019
£
£
420,364
420,364
1,681,458
1,681,458
175,152
595,516
2,276,974
2,697,338
Property		 2020
2019
£
£
4,699
7,392
-
6,468
-
-
4,699
13,860
Equipment
2,276,974 2,697,338

The ONE Campaign act as guarantor for the property lease should ONE Against Poverty (UK) be unable to meet its payment requirements.

15 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

29