OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-12-31-accounts

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

Company number: 09889615 Charity number: 1170855

ONE Against Poverty (UK)

Report and financial statements For the year ended 31 December 2021

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Contents

For the year ended 31 December 2021

Reference and administrative information ........................................................................................ 1 Trustees’ annual report ................................................................................................................... 2 Independent auditor’s report ......................................................................................................... 11 Statement of financial activities (incorporating an income and expenditure account) ..................... 15 Balance sheet................................................................................................................................. 16 Statement of cash flows ................................................................................................................. 17 Notes to the financial statements ................................................................................................... 18

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Reference and administrative information

For the year ended 31 December 2021

Company number 09889615 Country of incorporation United Kingdom Charity number 1170855 Country of registration England & Wales Registered office and 8[th ] Floor, Endeavour House, operational address 189 Shaftesbury Avenue, London WC2H 8JR 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 Company Secretary Tamika Cummings 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

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Trustees` annual report

For the year ended 31 December 2021

The trustees present their report and the audited financial statements for the year ended 31 December 2021.

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 2021 have benefited the public, either directly or indirectly.

2

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Trustees` annual report

For the year ended 31 December 2021

Volunteers

During 2021, 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.

G7

ONE played a leadership role in driving forward the ‘Crack the Crises’ (CTC) campaign, bringing together 75 organisations across the development, environment and domestic social justice spheres to campaign on the crises of Covid, injustice (including education), climate and nature. We worked with CTC to launch a ‘Wave of Hope’ action in support of our joint policy asks, partnering with Waterstones, well-known children’s authors, and the REACH newspaper group. The Wave of Hope action secured more than 540 media hits reaching 83m people, with at least 100 supporter actions taken in 85 priority constituencies. We also led advocacy efforts in support of the policy asks and worked with partners to organize a Boris and Biden ‘blimp’ in Falmouth Harbour, and two vigils to remember those who had lost their lives to Covid. Overall, while the results of the G7 were underwhelming, we received significant media cut through and public awareness, with leading journalists raising the campaign with the Prime Minister at the closing press conference.

ONE World Campaign

Vaccines

We secured significant media coverage for our work on vaccine access, particularly at key moments such as the virtual G7 leaders meeting in February, where our analysis on surplus doses secured very wide media pick up. We also led the launch of a joint letter to the PM on dose sharing, co-signed by Sir Jeremy Farrar and other NGOs. We ran supporter actions on dose sharing and financing, carried out numerous polls demonstrating public support, produced hard-hitting policy briefings, lobbied key decision makers and engaged with our parliamentary champions. To date, the UK has committed to sharing 100m surplus doses with developing countries, and $1.11bn of financing – 69% of the financing ask.

Economic response

We led UK NGO efforts to influence the UK government on a new SDR allocation, combining insider influencing with supporter campaign and media support. The UK put SDRs on the agenda for its G7 Presidency, securing support for the new $650bn SDR allocation at the G7 Finance Ministers meeting in March. The UK has subsequently committed to recycling 20% of this to the poorest countries, almost meeting our 25% ask. However, some of this money will be counted as ODA, reducing the benefit for the poorest countries.

3

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Trustees` annual report

For the year ended 31 December 2021

Global Education Summit

ONE played a leading role in advocating for an ambitious UK and global pledge at the Global Education Summit in London. UK team members led the global education campaign, which involved 123,000 supporter actions, a new, innovative ‘Lost Potential Tracker’, an African photojournalist project, an open letter, social media content and, in the UK, virtual lobby meetings and an offline stunt, bringing together Youth Ambassadors with Ministers and MP champions. We also secured significant profile and influence at the main Global Education Summit, with our YA opening the whole Summit and a series of meetings with Ministers and senior GPE staff. In total, the Summit secured $4bn from 23 donors, including $2.75bn from across the G7. The UK pledge, while not at the level of our ask, was a 15% increase from the previous commitment – no mean feat in the context of an overall 30% aid cut.

UK aid

ONE has led sector efforts to protect UK aid this year. We have met regularly with Conservative MPs, providing them with briefings and policy analysis and ensuring strategic alignment. We also briefed the International Development Committee on the aid cuts and given oral evidence for their enquiries. Our policy analysis of the predicted consequences of the ODA cuts got significant media pick up and has been used as a key resource for MP and sector allies.

Ahead of the G7 Finance Ministers meeting in early 2021, we launched a social media campaign urging the Chancellor Rishi Sunak to be a ‘Jedi’ rather than a ‘Sith,’ building on his well-known love of Star Wars. This not only reached 1.6 million impressions and a mention in the Evening Standard newspaper, it also helped to socialize the message that the UK is the only G7 country cutting aid – a message that subsequently got wide parliamentary and media pick up.

We used our active supporter base to very good effect, training more than 500 supporters to meet their MP about UK aid, and mobilized more than 10,000 supporters to contact their MPs. Our petition highlighting the impact of UK aid cuts on Yemen reached 17,000 and was praised by our MP allies. We also secured new funding from the Eleanor Crook Foundation to further build our supporters in strategic areas. Together with sector and MP allies, we secured a 10 point increase in public support for aid.

Finally, we were the first in the UK NGO sector to highlight the Chancellor’s planned ‘stealth raid’ on aid, through which he planned to count vaccines, Special Drawing Rights and Sudan debt relief on ODA. We briefed sector colleagues and secured significant media coverage – including in the BBC and the front page of the Guardian, as well as supportive coverage in - the Times and Daily Mail.

Unfortunately, the Conservative rebels were unsuccessful and MPs voted in July to make a temporary cut to UK aid to 0.5% of GNI. However, the Chancellor committed in November to restoring the target by 2024/5, assuming his fiscal conditions remain on track to be met.

4

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Trustees` annual report

For the year ended 31 December 2021

Climate

Finally, ONE in the UK has led ONE’s campaigning on the climate crisis, working to support a cohort of Youth Ambassadors in Scotland and a Global Champion from Nigeria to attend the COP and launching new supporter actions and mobilization, such as during the Great Big Green Week action, in support of stronger climate action. Throughout our climate work, we strengthened our partnership work with Project Everyone as part of their Voices for Change action. We are also working together with some of our Crack the Crisis partners and The Climate Coalition on a joint post-COP action, with the aim to show that while COP26 has ended, the civil society is still very much present to continue keeping the pressure on the government.

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.

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 Campaign to OAP. The net value of these net liabilities, at the end of 2021, was £298,562. 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 2021, OAP received income of £4,240,427 from The ONE Campaign to enable the delivery of its charitable activities. It incurred expenditure of £4,286,603 primarily in respect of staff costs (direct and indirect) and office expenses. Staff costs include the costs of all staff based in London, including those who work in global, functional and European teams, as well as those solely dedicated to education, advocacy and campaigning in the UK. OAP’s incurred expenditure exceed its received income by £46,176.

The net liabilities position at the year-end was £298,562, increased from £252,386 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 2021.

5

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Trustees` annual report

For the year ended 31 December 2021

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 as
at the end of 2021 remained one of OAP’s
top risks. 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 2021, 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, 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
2021 OAP’s risk register is reviewed by
trustees and revised, if needed, when a
serious incident occurs.

6

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Trustees` annual report

For the year ended 31 December 2021

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 2022

Our plans for 2022, which support goals of The ONE Campaign’s 2022 Global Annual Plan and contribute towards the achievement of its 2019-2024 strategic plan, focus on:

Covid-19 Response: Under this campaign we want to advocate for UK govt to make and deliver dose sharing commitments in 2022 in line with the 70% target and contribute its fair share of financing to achieve 70% target. We also want to effectively campaign to ensure the UK Government supports to the economic response to the pandemic, including by supporting ambitious reforms to MDB optimisation and that existing commitments to SDR recycling lead to optimal outcomes for developing countries. We will also develop an advocacy plan for Ireland.

UK Aid: Under this project, we will look to increase the number and impact of ONE supporters engaged on UK aid in target Conservative seats, build support for UK aid amongst Conservative MPs, build support for UK aid amongst the transactionally engaged public, and advocate to ensure that all UK aid is poverty focused, effective, transparent and climate smart, and that the UK remains on track to return to 0.7% by 2024/25

Supporters and Global Activists: Under this project, we will run an effective Youth Ambassador programme, with at least 50 Youth Ambassadors active throughout the year, pilot a new Adult Ambassador programme to build ONE activists in target Conservative seats, 3. Build a wider movement in support of international development, including domestic and climate change groups, building on our success in 2021, and increase the number of UK supporters through supporter acquisition in target areas and by asking our supporters to take more and better actions.

7

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Trustees` annual report

For the year ended 31 December 2021

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.

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 The 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.

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.

8

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Trustees` annual report

For the year ended 31 December 2021

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. The ONE Campaign’s Development Team oversees all fundraising activity with philanthropists, foundations and corporations, and OAP observes and complies with the relevant fundraising regulations and codes. During the year there was no non-compliance with these regulations and codes and OAP received no complaints relating to 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:

9

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Trustees` annual report

For the year ended 31 December 2021

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 2021 was one (2020: one). The ONE Campaign is the sole member. The trustees have no beneficial interest in the charity.

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 13 September 2022 and signed on their behalf by

Tom Hart Trustee

10

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

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 2021 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.

11

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

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 company law) are responsible for the preparation of the financial statements and for being

12

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

Independent auditor`s report

To the members of

ONE Against Poverty (UK)

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:

13

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

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) 29 September 2022

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

14

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

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

For the year ended 31 December 2021

For theyear ended 31 December 2021
Income from:
Note
Donations and gifts in kind
2
Total income
Expenditure on:
Raising funds
3
Charitable activities
3
Total expenditure
Net movement in funds
4
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 2021
Total
£
2020
Total
£
4,240,427
4,213,352
4,240,427
4,213,352
175,394
171,405
4,111,209
4,083,756
4,286,603
4,255,161
(46,176)
(41,809)
(252,386)
(210,577)
(298,562)
(252,386)

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.

15

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Balance sheet

Balance sheet
As at 31 December 2021 Company no. 09889615
Fixed assets:
Note
Tangible assets
9
Current assets:
Debtors
10
Cash at bank and in hand
Liabilities:
Creditors: amounts falling due within one year
11
Net current (liabilities)
Total assets less current liabilities
Creditors: amounts falling due after one year
13
Total net (liabilities)
The funds of the charity:
Total unrestricted funds
Total charity funds
£
755,698
19,784		 2021
£
149,558		 £
757,449
2,332		 2020
£
182,793
149,558
(236,672)		 182,793
(161,082)
775,482
(1,012,154)		 759,781
(920,863)
(87,114)
(211,448)		 21,711
(274,098)
(298,562) (252,386)
(298,562) (252,386)
(298,562) (252,386)

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 13 September 2022 and signed on their behalf by

Tom Hart Acting Chair

16

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Statement of cash flows

For the year ended 31 December 2021

For the year ended 31 December 2021
Note
Cash flows from operating activities
Net income for the reporting period
(as per the statement of financial activities)
Depreciation charges
Decrease in debtors
Increase/(decrease) in creditors
Net cash provided by operating activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Analysis of cash and cash equivalents and of net debt
Cash at bank and in hand
a Total cash and cash equivalents		 2021
£
£
2020
£
£
(46,176)
(41,809)
33,235
33,235
1,752
(39,698)
28,641
33,050
17,452
(15,222)
17,452
(15,222)
2,332
17,554
19,784
2,332
At 1
January
2021
Cash flows
Other non-
cash
changes
At 31
December
2021
£
£
£
£
2,332
17,452
19,784
2,332
17,452
19,784
(15,222)
(15,222)
17,554
2,332
At 31
December
2021
£
19,784
2,332 19,784

17

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Notes to the financial statements

For the year ended 31 December 2021

a) Statutory information

ONE Against Poverty (UK) is a charitable company limited by guarantee and is incorporated in England and Wales.

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.

18

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Notes to the financial statements

For the year ended 31 December 2021

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

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:

 Leasehold improvements 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.

19

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Notes to the financial statements

For the year ended 31 December 2021

the year ended 31 December 2021
ncome from donations and gifts in kind
Donations and gifts in kind 2021
Total
£
4,240,427		 2020
Total
£
4,213,352
4,240,427 4,213,352

During the year, the entity received income and gifts in kind totalling £4,205,404 (2020: £4,213,352) from the ONE Campaign, the parent organisation to support ONE Against Poverty (UK)'s charitable and educational activities.

20

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Notes to the financial statements

For the year ended 31 December 2021

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 2021
Total expenditure 2020		 Raising funds
£
100,019
427
12,963
229
30,706
453
-
28,808
1,553
236		 Charitable
activities
£
1,812,716
7,739
234,948
4,144
556,517
8,213
-
522,107
28,142
4,272		 Governance
costs
£
-
-
-
-
-
-
29,474
-
-
-		 Support costs
£
514,902
2,198
66,737
1,177
158,078
2,333
-
148,304
7,994
1,214		 2021
Total
£
2,427,637
10,364
314,648
5,550
745,301
10,999
29,474
699,219
37,689
5,722		 2020
Total
£
2,473,615
25,292
119,343
35,990
639,248
21,052
94,868
664,891
33,932
146,930
175,394
-
-		 3,178,798
902,937
29,474		 29,474
-
(29,474)		 902,937
(902,937)
-		 4,286,603
-
-		 4,255,161
-
-
175,394 4,111,209 - - 4,286,603 4,255,161
171,405 4,083,756 - -

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.

21

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Notes to the financial statements

For the year ended 31 December 2021

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 2020		 Raising funds
£
101,913
1,042
4,917
1,483
26,337
867
-
27,394
1,398
6,054		 Charitable
activities
£
1,847,048
18,886
89,113
26,874
477,326
13,901
-
496,474
25,337
109,712		 Governance
costs
£
-
-
-
-
-
1,819
94,868
-
-
-		 Support costs
£
524,654
5,364
25,313
7,633
135,585
4,465
-
141,023
7,197
31,164		 2020
Total
£
2,473,615
25,292
119,343
35,990
639,248
21,052
94,868
664,891
33,932
146,930
171,405
-
-		 3,104,671
882,398
96,687		 96,687
-
(96,687)		 882,398
(882,398)
-		 4,255,161
-
-
171,405 4,083,756 - - 4,255,161

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.

22

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Notes to the financial statements

For the year ended 31 December 2021

4 Net movement in funds

This is stated after charging / (crediting):

This is stated after charging / (crediting):
2021 2020
£ £
Depreciation 33,235 33,235
Operating lease rentals payable:
Property 604,769 545,041
Other 7,194 12,015
Auditor's remuneration (excluding VAT):
Audit 10,200 12,600
Other services 2,500 4,000

Staff costs were as follows:

Staff costs were as follows:
2021 2020
£ £
Salaries and wages 2,065,888 2,037,085
Social security costs 261,296 318,250
Employer’s contribution to defined contribution pension schemes 84,513 96,356
Other forms of employee benefits 15,940 21,924
2,427,637 2,473,615
The following number of employees received employee benefits (excluding employer pension costs and employer's
national insurance) during the year between:
2021 2020
No. No.
£60,000 - £69,999 2 1
£70,000 - £79,999 4 4
£80,000 - £89,999 - -
£90,000 - £99,999 2 1
£100,000 - £109,999 1 1
£110,000 - £119,999 - 1
£150,000 - £159,999 2 2

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £243,845 (2020: £277,841). 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 (2020: £nil). No charity trustee received payment for professional or other services supplied to the charity (2020: £nil).

23

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Notes to the financial statements

For the year ended 31 December 2021

6 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was 38 (2020: 40).

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

Staff are split across the activities of the charity as follows (full time equivalent basis):
Raising funds
Charitable activities
Support		 2021
No.
2020
No.
1.0
1.7
27.8
29.6
9.0
8.4
37.8
39.7

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 2021 Gayle Smith was temporarily appointed as the new Global COVID Response & Health Security at the US State Department from April 2021 till November 2021. She came back to ONE Campaign on 1st of December 2021. During her absense, Tom Hart was appointed as an Acting CEO.

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 £8,364.45 (2020: £3,545.16) were undertaken by Bates Wells. £nil (2020: £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 £4,240,427 (2020: £4,213,352).

During the year, aggregate donations of £nil were received from a Board member of the ONE Campaign (2020: £1,000).

8 Taxation

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

24

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Notes to the financial statements

For the year ended 31 December 2021

9
Tangible fixed assets
Cost
At the start of the year
At the end of the year
Depreciation
At the start of the year
Charge for the year
At the end of the year
Net book value
At the end of the year
At the start of the year
All of the above assets are used for charitable purposes.
10
Debtors
Lease deposit
Prepayments
Other
11
Creditors: amounts falling due within one year
Trade creditors
Accruals
Amounts due to parent entity
Deferred rent incentive (note 12)		 Leasehold
improvements
Total
£
£
332,350
332,350
332,350
332,350
149,557
149,557
33,235
33,235
182,792
182,792
149,558
149,558
182,793
182,793
2021
£
2020
£
582,048
582,048
173,650
173,608
-
1,793
755,698
757,449
2021
£
2020
£
66,812
45,205
124,703
54,980
757,988
758,027
62,651
62,651
1,012,154
920,863

25

DocuSign Envelope ID: DF890030-78D3-4BFF-876F905561B3-12D9-461A-A2FE - F0BE9DBC228442EEB82B0C A

ONE Against Poverty (UK)

Notes to the financial statements

For the year ended 31 December 2021

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
Creditors: amounts falling due after one year
Deferred rent incentive		 2021
£
336,749
(336,749)
274,099
2020
£
424,778
(424,778)
336,749
274,099 336,749
2021
£
211,448		 2020
£
274,098
211,448 274,098

13 Creditors: amounts falling due after one year

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


of the following periods
Less than one year
One to five years
Over five years		 Property
2021
2020
Equipment
2021
2020
£
£
£
£
420,364
420,364
-
4,699
1,436,246
1,681,458
-
-
-
175,152
-
-
1,856,610
2,276,974
-
4,699

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.

26