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2025-03-31-accounts

Company number: 11516337 Charity Number: 1180782

One Small Thing

Report and financial statements For the year ended 31 March 2025

One Small Thing

Contents

For the year ended 31 March 2025

Reference and administrative information .......................................................................................................................... 3 Trustees’ annual report ....................................................................................................................................................... 4 Independent auditor’s report ............................................................................................................................................ 31 Statement of financial activities (incorporating an income and expenditure account) ..................................................... 35 Balance sheet .................................................................................................................................................................... 36 Statement of cash flows .................................................................................................................................................... 37 Notes to the financial statements ..................................................................................................................................... 38

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One Small Thing

Reference and Administrative details

For the year ended 31 March 2025

Company number 11516337
Country of incorporation
United Kingdom
Charity number 1180782
Country of registration England & Wales
Registered office address
C/O The Foundry
17 Oval Way London SE11 5RR
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:
Lady Edwina Grosvenor Chair
Eleanor Horne
Samantha Horne Treasurer
Laurie Hunt
Lorna Forbes
Sisasenkosi Moyo
Sarah Hughes
Jodie Townsend appointed January 2024
Key management Claire Hubberstey Chief Executive
Personnel Rachel Oliver Director of Operations and Deputy CEO
Emma Caleya Chetty Finance Director
Bankers CAF Bank Ltd 25 Kings Hill Avenue,
Kings Hill,
Kent,
ME19 4JQ
The Cooperative Bank 1 Balloon Street,
Manchester,
M60 4EP
Auditor Sayer Vincent LLP 110 Golden Lane
London
EC1Y 0TG

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One Small Thing

Trustees’ annual report

For the year ended 31 March 2025

The trustees present their report and the audited financial statements for the year ended 31 March 2025.

Reference and administrative information set out on page 2 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association, the requirements of a directors’ report as required under company law, and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

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One Small Thing

Trustees’ annual report

For the year ended 31 March 2025

Foreword

Hope Street, Hampshire , our replicable and scalable ‘ blueprint for change’ , has now been open almost two years, providing a much-needed alternative to custodial sentences for women who find themselves involved in the justice system and face their children being taken into care, loss of tenancies and other life-changing outcomes.

Our mission to redesign the justice system for women and their children is now very much a government priority and our pioneering work at Hope Street provides us with unique learning and perspectives from which to influence national conversations about community alternatives .

We have seen referrals increase over the year, as well as sentencer confidence, with Courts understanding what Hope Street is and how it can support women in the community instead of custody.

Our ultimate ambition is to reduce the number of women going to prison , and this year, Hope Street has been home to 36 women and four children. In addition to the four children that have lived at Hope Street with their mothers; there have been eight children in the community whose mothers have resided at Hope Street and been supported in maintaining contact, or indeed, reconnecting and being reunited with their children.

Our network of move on houses is now well utilised, with women and children having a safe housing option to transition into the community. Our programme of support continues to develop and grow in collaboration with the women we have supported. The café and community meeting space has gone from strength to strength, providing both work experience opportunities and a vibrant space for the local community, providing new connections and opportunities.

The services that co-locate at the Hope Street Hub have created much stronger partnership working for women in contact with the justice system across probation, health and other specialist services, driving systems change across Hampshire.

Alongside this local systemic change, we have worked with practitioners on the ground to influence practice across the country. Our Educate work delivers our training, consultancy and Quality Mark and this year we have worked alongside a large range of organisations to build their capacity, knowledge and practice in relation to working with trauma.

Our Influence work stream has taken insights and learning from across all of our delivery, involving women with lived experience to influence national justice reform for women. Our blog and podcast gave in-depth insights on issues ranging from community justice solutions to women’s health in the justice system. The team conducted research with our networks of practitioners, as well as focus groups with women in prison to write briefings on how the justice system should be redesigned for women and their children. This learning fed into crucial policy responses over the year for instance the Independent Sentencing Review, with recommendations increasingly cited within justice policy and reports.

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One Small Thing

Trustees’ annual report

For the year ended 31 March 2025

I am extremely proud of our team whose unfailing commitment to our mission is inspiring. Their collective efforts remain focused on positioning One Small Thing and Hope Street as a vital catalyst for change in the women’s justice field, with unique insights to help finally reform the justice system for women and children for the better.

Edwina Grosvenor Founder and Chair of One Small Thing

Objectives and activities

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One Small Thing

Trustees’ annual report

For the year ended 31 March 2025

Purposes and aims

Our charity’s purposes as set out in the objects contained in the company’s memorandum of association are:

One Small Thing’s vision is a justice system that can recognise, understand, and respond to trauma. Our mission is to redesign the justice system for women and their children.

The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved 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 groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.

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.

One Small Thing’s vision is a justice system that can recognise, understand, and respond to trauma. Our mission is to redesign the justice system for women and their children.

We want a compassionate system that recognises the vicious cycle of trauma and disadvantage at the root of justice involvement and allows people to recover from trauma and thrive. Our core focus is on women and their children because of the additional discrimination and disadvantage they face.

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One Small Thing

Trustees’ annual report

For the year ended 31 March 2025

How:

the people who work within it.

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One Small Thing

Trustees’ annual report

For the year ended 31 March 2025

Over the year we received 99 referrals, with an 81% increase in referrals from Q3 to Q4. We have recently expanded our reach and opened up a direct referral pathway from the six Mother and Baby Units located in six of the women’s prisons to directly support our aim of preventing maternal separation.

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One Small Thing

Trustees’ annual report

For the year ended 31 March 2025

On average women have stayed at the main Hope Street Hub for around sixteen weeks, although each woman stays for as long as is appropriate, some for over six months. This reflects our commitment to being a person-centred service that responds flexibly to the needs of each woman and her individual circumstances, rather than working to fixed timelines.

Hope Street Hub, Gardens and Flats Photo Credit Fotohaus Ltd

Successful outcomes have included women moving on to secure their own accommodation and women completing training such as the accredited Barista training with the Winchester Coffee Company, then starting work in our café. Our network of move on houses are now well utilised, with women and children having a safe housing option to transition into the community.

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One Small Thing

Trustees’ annual report

For the year ended 31 March 2025

In 2024/25 we supported four children who lived at Hope Street. Our onsite creche has played an important part in this, as well as dedicated play areas within the Hub. Our Children’s Services Manager provided specialist support over the year, and our programme included parenting classes and support.

Activities

Hope Street delivers a range of accredited programmes and structured, trauma-informed activities designed to foster connection, build routine, and support recovery for justiceinvolved women and their children. This includes Healing Trauma, a group-based programme that provides a psychologically safe space for women to explore the impact of trauma and develop healthy coping strategies. We also deliver Moving Parents and Children Together (M-PACT), an accredited and evidence-based whole-family intervention for families affected by parental substance misuse. Designed for children aged 8–17 and their parents or carers, M-PACT strengthens communication, rebuilds trust, and improves emotional wellbeing through a series of structured group sessions delivered by trained facilitators.

Activities at Hope Street are tailored to the individual needs and recovery pathways of each woman. These may include

recovery support sessions, parenting groups, art therapy and nature-based, off-site experiences such as equine therapy and forest bathing. Our evening programme offers a diverse mix of inclusive, communitybuilding opportunities, such as Quiz Nights, Sound Bath experiences, Movie Nights, and Karaoke providing safe, low-pressure environments for residents to relax, connect, and build confidence.

We also offer a specialist package of support for children living at or visiting Hope Street. This includes access to therapeutic play resources, creative activities, and family-based sessions that promote emotional wellbeing and secure attachment. For mothers working to regain custody of their children, we provide a structured Reunification Pathway, combining trauma-informed parenting support, reflective practice, and multi-agency planning to create safe, supported opportunities for family reconnection and long-term stability.

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One Small Thing

Trustees’ annual report

For the year ended 31 March 2025

In addition to our residential programme, Hope Street acts as a regional hub for women across Hampshire with lived experience of the justice system. Our community and activity spaces are regularly used by trusted partner organisations to deliver peer-led and professionally facilitated groups that promote emotional wellbeing, self-empowerment, and long-term recovery. This includes a female-only Narcotics Anonymous group, which offers women in recovery a vital space for connection, reflection and mutual support, free from judgment and stigma.

Weekly Community Celebration Circles also play a key role in our approach, offering a consistent space to recognise and honour personal growth (no matter how big or small). These moments of recognition support a culture of belonging and motivation and are a core element of our TIERS model (Trauma-Informed Encouragement and Reinforcement System), which reinforces positive behaviours and builds self-worth through relational, strengths-based practice.

Together, these programmes and practices create a community where women, and their children, feel seen, valued and empowered to take the next step toward stability, independence, and lasting recovery.

781 group sessions were facilitated over the year, with over 2100 resident attendances and 1862 attendances from women accessing support from the local community.

Hope Street as a Community Asset

An important element of Hope Street is to be connected and of value to the local community and to act as a hub and resource for non-resident women in contact with the justice system and for those organisations whose services compliment and add value to our offer.

Gardens and Community Café

Our gardens providing a peaceful space for our residents and ongoing opportunities for women to learn horticultural skills, including growing fresh produce for our on-site cafe.

Community Café

Residents Gardens Kitchen Gardens

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One Small Thing

Trustees’ annual report

For the year ended 31 March 2025

Our café is extremely well utilised. Local residents are now regulars; coming in to sample our fresh coffee, and increasingly varied menu. The café also provides opportunities for women at Hope Street to gain barista skills, baking, cookery, customer service and event catering.

Awards

On the first-year anniversary of Hope Street opening in June 2024, we won Client of the Year at the Constructing Excellence Award, recognising our role in driving innovation, and collaborative working during the build of Hope Street. The Judges commented:

‘This is an entry that demonstrated not only was the client actively involved in the construction process, but they are brave and visionary. They have challenged the norm and created a groundbreaking space that delivers enormous benefits for the end user…whilst also looking beyond this to the positive impact on the wider community. In short they created a blueprint for change.’

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Trustees’ annual report

For the year ended 31 March 2025

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One Small Thing

Trustees’ annual report

For the year ended 31 March 2025

Training

We train staff and volunteers within community, statutory organisations (including prisons) and private organisations, to develop an understanding of the dynamics and process of trauma that then informs practice and supports system change. Our training courses have three primary objectives, to help participants:

Over 24-25 we delivered training to a wide range of organisations including: a private healthcare provider, police and probation teams, social impact agencies, law advice organisations, a CIC who makes ethical films, theatres, youth development agencies, domestic abuse organisations, funding organisations, organisations working in prisons, NHS Trusts, universities, and women’s centres.

In July 2024, we were commissioned to deliver online trauma-informed training to the global ethics and compliance teams at a large company with reach into communities. We tailored our short introductory course to meet what they needed, which included establishing rapport and how to hold sensitive conversations when someone is reporting a difficult situation (e.g. domestic violence), together with a focus on self-care.

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One Small Thing

Trustees’ annual report

For the year ended 31 March 2025

Trauma-Informed Team Leadership Programme

Leading teams who work with people who have experienced trauma is complex, and leading in a way that is trauma-informed needs thought, reflection and skill. We designed this Programme to provide managers with the foundations to implement a trauma informed team leadership approach, including finding a balance between meeting the needs of the organisation and the needs of the people they manage.

The Programme includes an in-person training day followed by a series of Action Learning Sets over six months. These are a unique opportunity for a small group of leaders to come together and through a facilitated structure of questions and support, solve problems that may appear intractable and develop themselves as leaders. They are structured to help participants think critically, work collaboratively, get creative, and build confidence.

Our first Trauma Informed Team Leadership Programme ran from December 2023 to June 2024, with 11 participants from a range of organisations including a women’s centre, voluntary organisations and those working in the justice system. 57% of participants rated the programme really useful, 43% useful and 100% would recommend it to a colleague.

In October 2024, we opened applications for our 24-25 Trauma Informed Team Leadership Programme and currently have 19 participants taking part including colleagues from Probation Board Northern Ireland, a senior midwife, a prison education organisation, an arts organisation, and a social exclusion charity.

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Trustees’ annual report

For the year ended 31 March 2025

Working with Trauma Quality Mark

The Working with Trauma Quality Mark provides a robust set of national standards to recognise and celebrate good practice in trauma-informed work.

Over the last twelve months, we have reached over 150 organisations through this strand of work and delivered 19 Working with Trauma Quality Mark Information Workshops which are open to any organisation interested in learning about the Quality Mark. We are working alongside 25 organisations to take them through the process which can take anything up to 12 months and differs by size and the capacity of organisations.

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Trustees’ annual report

For the year ended 31 March 2025

Thirteen organisations or services have achieved the award this year with six achieving Bronze and seven achieving Silver. Organisations and services who have achieved the award include: the National Youth Theatre, Victims and Survivors Service, Treasures Foundation, Blue Cabin, Choices, and more.

The Safeguarding Board for Northern Ireland invited One Small Thing to be part of a pilot evaluated by Ulster University researching how best to support organisations Northern Ireland to be

trauma informed. As part of the pilot, they funded Victim and Survivors Service (VSS) in Belfast and Northwest Youth Services in Derry to go through the Working with Trauma Quality Mark.

In 2024, VSS became the first organisation in Northern Ireland to be awarded the Working with Trauma Quality Mark. VSS provide support and services to victims and survivors of the Troubles/conflict, historical institutional abuse, and the Magdalene Laundries, providing direct services and funding 45 other organisations.

In February 2025, Choices were awarded the Bronze Working with Trauma Quality Mark.

Their CEO Sophie Guthrie-Kummer shared:

We are thrilled to announce that Choices has been awarded the Working with Trauma Quality Mark at Bronze Level: Trauma Aware. The award is given by One Small Thing, a women's organisation focused on promoting trauma-informed practices across justice and community sectors. Each Quality Mark recognises an organisation’s ability meet high standards in trauma-informed care, the achievement highlights Choices' organisation-wide understanding of trauma and our ability to respond appropriately.

We are proud that this award showcases our commitment to professionalism, continuous learning, and being responsive to clients’ needs. It also demonstrates that we are aligned with national standards for trauma-informed practice. We’re so grateful to every team member who worked hard to make this happen, it's a significant milestone and we’re excited to celebrate this success with you all!

Left: Sophie Guthrie-Kummer, CEO, Choices with Esther Thompson, Head of Training, Quality and Networks, One Small Thing

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One Small Thing

Trustees’ annual report

For the year ended 31 March 2025

Trauma Informed Networks

One Small Thing's regional Trauma Informed Network gives practitioners the opportunity to meet colleagues from a range of organisations and sectors to:

Working in the justice and community sectors supporting those who have experienced trauma is hugely important and rewarding, but we know it can also take its toll on staff wellbeing and mental health. Through our regional Trauma Informed Networks, professionals have a vital space to reflect with others outside of their organisation about their work and find new solutions to challenges they face.

In March 2025 we held a Trauma Informed Network Meeting in London. It was an afternoon filled with meaningful conversations and reflections on the principles of trauma-informed practice. We also explored the challenges we can face when embedding these principles within our organisations or services.

We heard from Dr. Sophie Mulvana, who shared valuable insights around her experience of implementing a trauma-informed approach within a secure children's home. We also heard from Sophie Guthrie-Kummer from Choices, who walked us through their journey to achieving the Bronze Working with Trauma Quality Mark.

Working with Trauma Framework in Secure Settings.

The Working with Trauma Framework for Secure Settings supports prisons and other secure settings to benchmark and assess their trauma informed practice within specific unit, wings or functions. In 24-25 we piloted the Framework across specialist units within HMP Brixton, HMP Swaleside and HMP Aylesbury and in the women’s prison at HMP Peterborough. In late 2024 we were delighted to award the specialist units within HMP Aylesbury, Brixton and Swaleside their Level One, culminating in a celebration event in February 2025 where we highlighted important themes from the pilot and shared good practice from all three sites. Following the event, they all have signed up to work towards Level 2 of the Framework intro 25-26.

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One Small Thing

Trustees’ annual report

For the year ended 31 March 2025

Developing our work in Secure Settings.

With a particular focus upon women affected by prison, in partnership with HMPPS, we have developed our work to act as a key point of contact to increase the efficiency and effectiveness of the different prison referral pathways into Hope Street. These referrals come from the six prison-based Mother and Baby Units, prison-based pre-release teams and the Probation Service. We meet regularly with the key HMPPS strategic leads for policy and operations from the HMPPS Women’s Group to improve knowledge of the Hope Street provision more widely and increase placements for women who are leaving prison.

We continue to visit women’s prisons with a particular focus upon HMPs Bronzefield, Downview, Eastwood Park and Send. With the support of our HMPPS colleagues we continue to promote the Hope Street model and refine referral pathways and processes. In the last year we have also visited each of the six prison-based Mother and Baby Units to directly support our aim of reducing maternal separation.

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Trustees’ annual report

For the year ended 31 March 2025

Policy and Public Affairs

Our Influencing team has pushed forward our work to position One Small Thing and Hope Street as a vital catalyst for change in the women’s justice field, with unique insights to help finally reform the justice system for women and children for the better. Over the year, our Influence team has used insights from our work at Hope Street, the voices of lived experience facilitated through our Women’s Involvement Advisor, and our surveys and research to influence policy and national system change. We have seen our responses picked up for instance recommendations included in the House of Commons Justice Committee review of adult custodial remand. A big focus has been capitalising on the unique opportunity we now have with a government that has publicly committed to prison reform for women.

In 2024/25 we responded to:

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One Small Thing

Trustees’ annual report

For the year ended 31 March 2025

We have held strategic meetings such as with the Justice Secretary Shabana Mahmood MP in November 2024 and written briefings for James Timpson MP, Prisons and Probation Minister, which included our research on community justice solutions the impact of the Probation Reset. Over the year we have significantly expanded our strategic networks across Government parties for instance through visits to Hope Street for MPs, civil servants, Magistrates and legal professionals and other interested stakeholders such as the chair of the Times Criminal Justice Commission.

The team also ran our first Hope Street Impact Board, bringing together lived experience expertise with representatives from the MoJ, NHS, Housing, Social Care, academia, VCS and to look at outcomes so far and how the Hope Street model can become a blueprint for change. This Board will continue to meet bi-annually.

Research

We published two briefings drawing on co-produced surveys with practitioners, our podcasts, other evidence, as well as focus groups with women in prison. One was on Community Justice Solutions, and the other on Women’s Health. Key findings included:

The longitudinal evaluation of Hope Street with Southampton University and EP:IC continues and the data gathered has been informing service development, with a briefing on some of the initial learning due this year.

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Trustees’ annual report

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Focus Groups

In March we ran a focus group at Hope Street in partnership with Daddyless Daughters, where we screened a Power Play documentary about Holloway Prison which Aliyah the CEO was a participant in, and then co-facilitated a discussion with her and women at Hope Street, including how the justice system should be reformed.

The write up from this has been used for both the Holloway documentary impact campaign and One

Small Things policy work.

Justice Podcast

We produced two podcast series over the period on the themes of Community Justice Solutions and Women’s Health in the Justice System, both which gave a platform to voices of lived experience as well as practitioners and academics, giving thoughtful examination of how the justice system could be reformed for women and their children, each episode achieving approximately 400 downloads on average. Our Women’s Health series included the topics of Brain Injury, Maternal Health, Menopause and Substance use.

One Small Thing Blog

We published 9 blogs over the period drawing on lived experience, themes including violence against women and girls, housing, mental health, celebrating Black History Month as well as commenting on Government policies such as the Probation Reset.

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Trustees’ annual report

For the year ended 31 March 2025

Looking forward

2024/25 has been an exciting and rewarding year for One Small Thing with Hope Street approaching two years of operation and some fantastic successes for the women and children we support. We have seen women avoid unnecessary imprisonment and maternal separation prevented. We have seen women move on into safe housing, training and employment and lives truly transformed.

We are more determined than ever that a community-based approach for women is the only viable solution. This year we will launch our new three-year strategic plan, taking us from 2025 to 2028. Our mission to Redesign the Justice System for Women their children remains at the heart of everything we do.

Over the next three years, we plan to support hundreds more women and children through Hope Street, with their lived experience and outcomes informing long-term justice reform. We will also strengthen system-wide capacity by expanding our Educate programme, building trauma-informed practice across prisons, probation, statutory agencies, and the community sector. We will drive national justice reform, influencing policy and championing the replication of our trauma-informed model across the UK.

Our final key priority will be organisational sustainability, growing and diversifying our income so we can invest in our team, retain talent, and continue to scale our impact. All our work is underpinned by the six trauma informed values: Choice, Collaboration, Cultural competency, Safety, Trustworthiness and Empowerment and by working in partnership with organisations who share in these values, we aim to maximise the impact and extend the reach of our work.

I want to thank our funders, supporters and partners for the support they have given One Small Thing in 2024/25 and we look forward to working with many of you over the next year as we build on this exciting new momentum for change for women and their children in the Justice system. Our team stand ready to ensure that trauma-informed justice becomes not just possible, but inevitable.

Claire Hubberstey, CEO, One Small Thing

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Trustees’ annual report

For the year ended 31 March 2025

Financial review

In 2024/25 we began fully operating our Hope Street service (Redesign) and continued with a small scale capital programme of supported housing development. The historic and current capital programme is reflected on our balance sheet and depreciated as fixed assets within our designated funds. We continue to work hard against a challenging fundraising backdrop to raise revenue funding to support our Hope Street service (Redesign workstream) and our Educate and Influencing work.

The Consolidated Statement of Financial Activities reports a group net surplus for the year of £1,187,330 (2024:£670,330).

In 2025 income generated totalled £4,268,250 (2024:£3,380,908) . Within total income we secured £808,606 (2024:£1,353,689) in restricted funding. Restricted funding supports our Educate, Influence and Redesign workstreams. Further, included within total Restricted Funds are capital funds of £60,000 (2024: £583,000) These funds supported continued construction across the Redesign estate and its associated maintenance costs

Expenditure totalled £3,080,920 (2024: £2,710,578) with 95.4% (2024: 95.4%) of our expenditure spent on our charitable activities. Operating expenditure has increased as planned which aligns to the operation of our Hope Street service. The cost to the charity of raising funds this year is £141,882 (2024: £123,929).The increase represents an increase in our dedicated fundraising support team.

The principal funding sources for the charity during the reporting period are major donors, trusts and foundations and commissioned services. We will continue to invest in capacity to roll out our income generation strategy to increase and diversify our income. We are grateful for all the continued financial support that we receive, without which we would not be able to undertake our charitable activities.

Within the accounts we include the results of our subsidiary undertaking, Hope Street Hampshire Community Interest Company. The company reports turnover for the year of £268,493 (2024:£179,147). The increase from 2024 further represents the operation of Hope Street and an increase in our housing portfolio. Income is materially generated from the payment of Enhanced Housing Benefit, paid to support residents across our housing estate and payable to estate overheads. We also generate income from our community café hosted at our Hope Street site.

Subsidiary expenses have also increased to £555,446 (2024: £349,508) as operations have scaled. The expense includes a management charge payable of £67,993 (2024:£64,716) to the parent company as a contribution to leadership costs and pertinent governance costs including insurance.

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Trustees’ annual report

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At year end a loss is reported for the CIC of £457,314 (2024: £170,361)). This is because our income from enhanced housing benefit was less than anticipated due to occupancy levels.

Our fixed assets are comprised of land, building and fixtures which enabling us to deliver our charitable objectives. As is best practice, the value of the asset in use is reflected in the designated fund balance and depreciated over the life of the asset. The value of the assets in use shown in our designated fund balance is £5,363,463 (2024: £5,505,825).

Balance Sheet

The value of One Small Thing’s net assets amounted to £11,461,755 (2024: £10,274,425) which represents an increase of £1,187,330. This increase in reserves is required to ensure we can continue to meet our commitments related to our charitable activities in line with our reserves policy below.

Total unrestricted funds at 31 March 2025 stood at £7,958,525 (2024: £6,635,233), which include our buildings and other fixed assets of £5,432,903 (2024: £5,512,702) which are shown in Designated funds. Free unrestricted reserves are only £1,515,837 (2024: £1,122,531) of the total unrestricted funds.

Restricted funds of £3,503,230 (2024: £3,605,159) were also held at 31 March 2025.

Costs incurred against the build are represented on the balance sheet under Fixed Assets. During the year, the net book value of tangible fixed assets decreased to £12,114,676 (2024: £12,317,938). Capital and Designated Funds held will be expensed annually in the form of depreciation charges against the relevant Fixed Assets.

Reserves policy and going concern

The Trustees seek to hold sufficient reserves to meet our ongoing contractual liabilities, generated from activity within our Hope Street service, along with staff and employment costs across the organisation. The level of reserves is set at 5 months operating costs. However, our aim in future years is to hold reserves to cover 6 months of operating costs.

The Trustees have determined that the level of free reserves held at 31 March 2025 are £1,515,837. (2024:£1,122,531). The Trustees believe that it is prudent to hold a level of free financial reserves for the following purposes:

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Trustees’ annual report

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Principal risks and uncertainties

The Board has reviewed the major risks to which the charity is exposed, and systems have been established to mitigate those risks.

A Risk Management Policy has been approved by Trustees and a formal risk register is reviewed by the Finance and Risk Subcommittee quarterly and critical risks are also reviewed by the board quarterly.

In addition to the common organisational risks around HR, internal systems, finance and fundraising and environmental we have identified critical risks specific to One Small Thing as follows:

Principle Risk Mitigation
Ability to secure sufficient ongoing revenue
funding to support operations		 Robust Reserves Policy and Income Generation
Strategy; diversification of funding streams; in
year capacityadded to Fundraisingteam
Need to increase sustainable number of
referrals of women into our Hope Street service		 Implementation of admissions team with
primary focus on developing referral pathways
and undertaking assessment of all referrals to
Hope Street
Safeguarding of people and property Safeguarding Strategy, CCTV in place and 24
hour staffed service

Internal risks are minimised through a series of policies and procedures including safeguarding, health and safety, financial management and data protection. We also have a robust income generating strategy developed to ensure income streams can continue to be sustainable and provide for sufficient resources to undertake the charitable activities.

Fundraising Disclosures

One Small Thing’s funding is from two primary sources: grants from trusts and foundations and major donor donations. We do not employ any commercial participators to carry out fundraising activities directly with the public. We have engaged a fundraising consultant to support our income generation strategy. We do not directly involve vulnerable people in our fundraising activities. Further, we have not received any complaints about our fundraising activity. We subscribe to regulations set by the Fundraising Regulator.

Structure, governance, and management

The Board of Trustees has overall responsibility for ensuring that the charity meets its charitable objectives and has an appropriate system of controls, financial and otherwise. The Board meets quarterly it currently has seven members, including a Treasurer.

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The structure of sub-committees includes:

Finance & Risk

Safeguarding, people & culture.

The Board also holds two additional sessions per annum with the Senior Leadership Team (SLT) and members of the team to consider how planned activities contribute to the aims and objectives. Day to day management is delegated to the CEO alongside the senior leadership team.

The organisation is a charitable company limited by guarantee, incorporated on 14 August 2018 and registered as a charity on 21 November 2018.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.

All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 6 to the accounts.

Appointment of trustees

Roles are advertised, candidates apply and then are interviewed by the nomination committee.

During 2024/25 the Board was expanded with a further trustee appointed, further strengthening the skill set across the Board.

Trustee induction and training

Before starting in their role on the Board, trustees are provided with a detailed role description, and receive a comprehensive induction.

Trustees are also provided with access to training which includes:

Safeguarding Training for Trustees

NCVO Training on Governance and Trustee Induction

Organisation specific training on our area of work: Trauma Informed Working.

Equity, Diversity and Inclusion training

Related parties and relationships with other organisations

One Small Thing is the parent company of Hope Street Hampshire Community Interest Company.

Hope Street Hampshire Community Interest Company was formed to ring fence Hope Streets Supported Housing pathway. This is a wholly owned subsidiary of One Small Thing of which One Small Thing is the sole member.

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Remuneration policy for key management personnel

The Senior Leadership Team (SLT) and the senior managements comprise the key management personnel of the charity responsible for directing and controlling, running and operating the charity on a day to day basis. The pay of the senior staff and all roles is reviewed regularly and benchmarked against pay levels in other charities of a similar size.

Statement of responsibilities of the trustees

The trustees (who are also directors of One Small Thing 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:

There is no relevant audit information of which the charitable company’s auditor is unaware.

The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

29

One Small Thing

Trustees’ annual report

For the year ended 31 March 2025

The trustees are responsible for the maintenance and integrity of the corporate and financial information is 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 winding up. The total number of such guarantees at 31 March 2025 was 8(2024: 7). The trustees are members of the charity but this entitles them only to voting rights. 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 prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

The trustees’ annual report has been approved by the trustees on 23 October 2025 and signed on their behalf by

Lady Edwina Grosvenor Chair of Trustees

30

Independent auditor’s report

To the members of

One Small Thing

Opinion

We have audited the financial statements of One Small Thing (the ‘parent charitable company’) and its subsidiary (the ‘group’) for the year ended 31 March 2025 which comprise the consolidated statement of financial activities, the group and parent charitable company balance sheets, the consolidated statement of cash flows and the notes to the financial statements, including a summary of 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 group financial statements section of our report. We are independent of the group and parent 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 Small Thing'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.

31

Independent auditor’s report

To the members of

One Small Thing

Other Information

The other information comprises the information included in the trustees’ annual report, other than the group 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 group 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 group 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 group 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 group and the parent charitable company and their 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 and Charities Act 2011 requires us to report to you if, in our opinion:

32

Independent auditor’s report

To the members of

One Small Thing

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 parent charitable company for the purposes of 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 group’s and the parent 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 group or the parent 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

We have been appointed auditor under the Companies Act 2006 and section 151 of the Charites Act 2011 and report in accordance with those Acts.

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:

33

Independent auditor’s report

To the members of

One Small Thing

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 and section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. 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.

Fleur Holden (Senior statutory auditor)

Date: 6 November 2025

for and on behalf of Sayer Vincent LLP, Statutory Auditor 110 Golden Lane, LONDON, EC1Y 0TG

Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006

34

One Small Thing

Consolidated statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2025

For theyear ended 31 March 2025
Note
Income from:
2
3
3
3a
4
4
4
Reconciliation of funds:
Net income/ (expenditure) for the year
Transfers between funds
Influence and educate (community
settings)
Net movement in funds
Total funds brought forward
Total funds carried forward
Redesign the justice system (Hope Street)
and educate (prisons settings)
Raising funds
Total expenditure
Charitable activities
Redesign the justice system (Hope Street)
and educate (prisons settings)
Investments
Other
Total income
Expenditure on:
Influence and educate (community
settings)
Donations
Charitable activities		 Unrestricted
£
256,690
167,181
2,786,317
55,983
193,473		 Restricted
£
42,873
690,396
75,337
-
-		 Endowment
£
-
-
-
-
-		 2025
Total
£
299,563
857,577
2,861,654
55,983
193,473		 Unrestricted
£
481,805
25,000
369,266
25,501
125,647		 Restricted
£
192,430
1,099,259
62,000
-
-		 Endowment
£
1,000,000
-
-
-
-		 2024
Total
£
1,674,235
1,124,259
431,266
25,501
125,647
3,459,644 808,606 - 4,268,250 1,027,219 1,353,689 1,000,000 3,380,908
141,882
1,783,285
345,218		 -
742,061
68,474		 -
-
-		 141,882
2,525,346
413,692		 123,929
1,194,491
301,624		 -
1,010,981
79,553		 -
-
-		 123,929
2,205,472
381,177
2,270,385
1,189,259		 810,535
(1,929)		 -
-		 3,080,920
1,187,330		 1,620,044
(592,825)		 1,090,534
263,155		 -
1,000,000		 2,710,578
670,330
134,033 (100,000) (34,033) - 965,967 - (965,967) -
1,323,292
6,635,233		 (101,929)
3,605,159		 (34,033)
34,033		 1,187,330
10,274,425		 373,142
6,262,091		 263,155
3,342,004		 34,033
-		 670,330
9,604,095
7,958,525 3,503,230 - 11,461,755 6,635,233 3,605,159 34,033 10,274,425

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 18a to the financial statements.

35

One Small Thing

Company no. 11516337

Balance sheets

As at 31 March 2025

2025
2024
Note
£
£
Fixed assets:
10
12,114,676
12,317,938
12,114,676
12,317,938
Current assets:
13
438,657
57,709
2,822,662
1,685,680
3,261,319
1,743,389
Liabilities:
14
(489,081)
(361,743)
2,772,238
1,381,646
14,886,914
13,699,584
16
(3,425,159)
(3,425,159)
11,461,755
10,274,425
17a
-
34,033
3,503,230
3,605,159
6,373,248
5,505,825
1,585,277
1,129,408
Total unrestricted funds
7,958,525
6,635,233
11,461,755
10,274,425
The funds of the charity:
Total net assets
Endowment funds
Creditors: amounts falling due within one year
Net current assets
Creditors: amounts falling due after one year
Total assets less current liabilities
Cash at bank and in hand
Tangible assets
Debtors
The group
Restricted funds
Unrestricted funds:
General funds
Designated funds
Total charity funds		 2025
2024
Note
£
£
Fixed assets:
10
12,114,676
12,317,938
12,114,676
12,317,938
Current assets:
13
438,657
57,709
2,822,662
1,685,680
3,261,319
1,743,389
Liabilities:
14
(489,081)
(361,743)
2,772,238
1,381,646
14,886,914
13,699,584
16
(3,425,159)
(3,425,159)
11,461,755
10,274,425
17a
-
34,033
3,503,230
3,605,159
6,373,248
5,505,825
1,585,277
1,129,408
Total unrestricted funds
7,958,525
6,635,233
11,461,755
10,274,425
The funds of the charity:
Total net assets
Endowment funds
Creditors: amounts falling due within one year
Net current assets
Creditors: amounts falling due after one year
Total assets less current liabilities
Cash at bank and in hand
Tangible assets
Debtors
The group
Restricted funds
Unrestricted funds:
General funds
Designated funds
Total charity funds		 2025
2024
Note
£
£
Fixed assets:
10
12,114,676
12,317,938
12,114,676
12,317,938
Current assets:
13
438,657
57,709
2,822,662
1,685,680
3,261,319
1,743,389
Liabilities:
14
(489,081)
(361,743)
2,772,238
1,381,646
14,886,914
13,699,584
16
(3,425,159)
(3,425,159)
11,461,755
10,274,425
17a
-
34,033
3,503,230
3,605,159
6,373,248
5,505,825
1,585,277
1,129,408
Total unrestricted funds
7,958,525
6,635,233
11,461,755
10,274,425
The funds of the charity:
Total net assets
Endowment funds
Creditors: amounts falling due within one year
Net current assets
Creditors: amounts falling due after one year
Total assets less current liabilities
Cash at bank and in hand
Tangible assets
Debtors
The group
Restricted funds
Unrestricted funds:
General funds
Designated funds
Total charity funds		 2025
2024
£
£
12,107,637
12,317,938
The charity		 2025
2024
£
£
12,107,637
12,317,938
The charity
12,114,676
438,657
2,822,662		 12,317,938
57,709
1,685,680		 12,107,637
858,558
2,802,066		 12,317,938
214,311
1,669,691
3,261,319
(489,081)		 1,743,389
(361,743)		 3,660,624
(424,033)		 1,884,002
(330,887)
2,772,238 1,381,646 3,236,591 1,553,115
14,886,914 13,699,584 15,344,228 13,871,053
(3,425,159) (3,425,159) (3,425,159) (3,425,159)
11,461,755 10,274,425 11,919,069 10,445,894
-
3,503,230
6,373,248
1,585,277		 34,033
3,605,159
5,505,825
1,129,408		 -
3,500,404
6,373,248
2,045,417		 34,033
3,605,159
5,505,825
1,300,877
7,958,525 6,635,233 8,418,665 6,806,702
11,461,755 10,274,425 11,919,069 10,445,894

Approved by the trustees on 23 October 2025 and signed on their behalf by

Lady Edwina Grosvenor Chair of Trustees

36

One Small Thing

Consolidated statement of cash flows

For the year ended 31 March 2025

Cash flows from operating activities
Net income for the reporting period
(as per the statement of financial activities)
Depreciation charges
Dividends, interest and rent from investments
(Increase)/ decrease in debtors
Increase/ (decrease) in creditors
Net cash provided by operating activities
Dividends, interest and rent from investments
Analysis of cash and cash equivalents and of net debt
Cash at bank and in hand
Total cash and cash equivalents
Loans falling due within one year
Loans falling due after more than one year
Total
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
Cash flows from financing activities:
Repayments of borrowing
Cash inflows from new borrowing
Net cash provided by financing activities
Net cash used in investing activities
Cash flows from investing activities:
Purchase of fixed assets		 £
£
1,187,330
295,099
(55,983)
(380,948)
127,338
1,172,836
55,983
(91,837)
(35,854)
-
-
-
1,136,982
1,685,680
2,822,662
At 1 April 2024
Cash flows
£
£
1,685,680
1,136,982
2025		 £
£
1,187,330
295,099
(55,983)
(380,948)
127,338
1,172,836
55,983
(91,837)
(35,854)
-
-
-
1,136,982
1,685,680
2,822,662
At 1 April 2024
Cash flows
£
£
1,685,680
1,136,982
2025		 £
£
670,330
232,055
(25,501)
437,044
(19,001)
1,294,927
25,501
(2,281,689)
(2,256,188)
-
1,545,159
1,545,159
583,898
1,101,782
1,685,680
Other non-cash
changes
At 31 March
2025
£
£
-
2,822,662
2024		 £
£
670,330
232,055
(25,501)
437,044
(19,001)
1,294,927
25,501
(2,281,689)
(2,256,188)
-
1,545,159
1,545,159
583,898
1,101,782
1,685,680
Other non-cash
changes
At 31 March
2025
£
£
-
2,822,662
2024
1,172,836
(35,854)
-
1,136,982
1,685,680		 1,294,927
(2,256,188)
1,545,159
583,898
1,101,782
-
-		 -
1,545,159
Other non-cash
changes
£
-
At 1 April 2024
£
1,685,680
2,822,662 1,685,680
Cash flows
£
1,136,982
At 31 March
2025
£
2,822,662
1,685,680 1,136,982 - 2,822,662
-
3,425,159		 -
-		 -
-		 -
3,425,159
3,425,159 - - 3,425,159

37

One Small Thing

Notes to the financial statements

For the year ended 31 March 2025

1 Accounting policies

a) Statutory information

One Small Thing is a charitable company limited by guarantee and is incorporated in the United Kingdom. The registered office address is c/o The Foundry, 17 Oval Way, London SE11 5RR.

Hope Street Hampshire is a wholly owned subsidiary and is a company limited by guarantee, incorporated in the United Kingdom. The correspondence address is PO Box, Southampton SO15 9PW.

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.

These financial statements consolidate the results of the charity and its wholly-owned subsidiary Hope Street Hampshire CIC on a line by line basis. Transactions and balances between the charity and its subsidiary have been eliminated from the consolidated financial statements. Balances between the two entities are disclosed in the notes of the charity's balance sheet. A separate statement of financial activities, or income and expenditure account, for the charity itself is not presented because the charity has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006, A summary of the result for the year is disclosed in the notes to the accounts.

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

As set out in the Trustees Annual Report, trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

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 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.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

f) Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

38

One Small Thing

Notes to the financial statements

For the year ended 31 March 2025

1 Accounting policies (continued)

g) Fund accounting

The Edward Gostling Fund, an expendable endowment, is to be used as set out in the Deed of Gift.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

h) Expenditure and irrecoverable VAT

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:

Costs of raising funds relate to the costs incurred by the charity in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a � fundraising purpose

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

i) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity.

Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.

Support and governance costs are re-allocated to each of the activities based on staff time, of the amount attributable to each activity.

Items of equipment are capitalised where the purchase price exceeds £2,000. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use. Major components are treated as a separate asset where they have significantly different patterns of consumption of economic benefits and are depreciated separately over its useful life.

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:

� Assets Under Construction Not depreciated asset until in use � Freehold Property 50 years � Land Not depreciated � Kitchen & Bathrooms in shared spaces 5 years � Fixtures & Fittings 10 years

k) Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

l) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

39

One Small Thing

Notes to the financial statements

For the year ended 31 March 2025

1 Accounting policies (continued)

m) Creditors

Creditors 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 are normally recognised at their settlement amount.

n) Financial instruments

The charity only has both basic financial assets and financial liabilities. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

o) Pensions

One Small Thing is a member of a pension arrangement with Nest Pensions and contributions are charged to the Statement of Financial Activities as paid.

2 Income from donations

Unrestricted
£
211,372
45,318
-		 £
38,452
4,421
-
Restricted		 Endowment
£
-
-
-		 2025
Total
£
249,824
49,739
-		 Unrestricted
£
385,431
90,899
5,475		 £
191,686
744
-
Restricted		 Endowment
£
1,000,000
-
-		 2024
Total
£
1,577,117
91,643
5,475
256,690 42,873 - 299,563 481,805 192,430 1,000,000 1,674,235
Unrestricted
£
-
167,181		 £
203,430
486,966
Restricted		 Endowment
£
-
-		 2025
Total
£
203,430
654,147		 Unrestricted
£
-
25,000		 £
244,259
855,000
Restricted		 Endowment
£
-
-		 2024
Total
£
244,259
880,000
167,181
2,665,500
120,817		 690,396
75,337
-		 -
-
-		 857,577
2,740,837
120,817		 25,000
259,500
109,766		 1,099,259
62,000
-		 -
-
-		 1,124,259
321,500
109,766
2,786,317 75,337 - 2,861,654 369,266 62,000 - 431,266

3 Income from charitable activities

3a. Other Income

In 2025 £166K was generated from Enhanced Housing Benefit and Service Charges across our portfolio of properties (2024: £126K). Further, we operate a social enterprise café within Hope Street and this generated income 2025: £23K (2024: £0).

40

One Small Thing

Notes to the financial statements

For the year ended 31 March 2025

4a Analysis of expenditure (current year)

he year ended 31 March 2025
Analysis of expenditure (current year)
Staff costs (Note 6)
Travel expenses
Insurance costs
Delivery of trauma work in secure estate & community settings
Delivery of Hope Street including programme and premises
Delivery of policy and eduction work
Auditor fees
Professional fees
Legal Fees
Other
Support costs
Governance costs
Total expenditure 2025
Total expenditure 2024
Other includes: IT and systems costs.		 Raising funds
£
67,082
10,987
-
-
-
-
-
-
-
44,215		 Governance
costs
£
£
£
1,240,750
286,007
-
19,586
4,307
5,094
46,614
-
-
-
60,934
-
869,579
-
-
-
5,300
-
-
-
20,753
-
-
-
-
-
13,020
-
-
1,370
2,176,529
356,548
40,237
315,836
51,741
-
32,981
5,403
(40,237)
2,525,346
413,692
-
2,205,472
381,177
-
Charitable activities
Redesign the
justice system
(Hope Street) and
educate (prisons
settings)
Influence and
educate
(community
settings)		 Support costs
£
265,932
27,467
-
-
-
-
-
-
-
91,923		 2025
Total
£
1,859,771
67,441
46,614
60,934
869,579
5,300
20,753
-
13,020
137,508		 2024
Total
£
1,554,698
46,905
48,759
62,283
802,357
8,295
24,196
14,097
950
148,038
£
1,240,750
19,586
46,614
-
869,579
-
-
-
-
-
Redesign the
justice system
(Hope Street) and
educate (prisons
settings)
122,284
17,745
1,853		 2,176,529
315,836
32,981		 356,548
51,741
5,403		 40,237
-
(40,237)		 385,322
(385,322)
-		 3,080,920
-
-		 2,710,578
-
-
141,882 2,525,346 413,692 - - 3,080,920 2,710,578
123,929 2,205,472 381,177 - -

41

One Small Thing

Notes to the financial statements

For the year ended 31 March 2025

4b Analysis of expenditure (previous year)

Analysis of expenditure (previous year)
Staff costs (Note 6)
Travel expenses
Insurance costs
Delivery of trauma work in secure estate & community settings
Delivery of Hope Street including programme and premises
Delivery of policy and eduction work
Auditor fees
Professional fees
Legal Fees
Other
Support costs
Governance costs
Total expenditure 2024		 Raising funds
£
63,904
6,698
-
-
-
-
-
-
-
41,326		 Governance
costs
£
£
£
1,121,111
274,634
-
25,689
3,663
-
38,203
-
10,556
4,622
57,661
-
802,357
-
-
-
8,295
-
-
-
24,196
-
-
14,097
-
-
950
-
-
2,094
1,991,982
344,253
51,893
171,270
29,624
-
42,220
7,300
(51,893)
2,205,472
381,177
-
Charitable activities
Redesign the
justice system
(Hope Street)
and educate
(prisons
settings)
Influence and
educate
(community
settings)		 Support costs
£
95,049
10,855
-
-
-
-
-
-
-
104,618		 2024
Total
£
1,554,698
46,905
48,759
62,283
802,357
8,295
24,196
14,097
950
148,038
£
1,121,111
25,689
38,203
4,622
802,357
-
-
-
-
-
Redesign the
justice system
(Hope Street)
and educate
(prisons
settings)
111,928
9,628
2,373		 1,991,982
171,270
42,220		 344,253
29,624
7,300		 51,893
-
(51,893)		 210,522
(210,522)
-		 2,710,578
-
-
123,929 2,205,472 381,177 - - 2,710,578

Other includes: IT costs, HR/Payroll set up costs, Marketing, Rent/Premises costs, Telephone & fundraising consultant fees

42

One Small Thing

Notes to the financial statements

For the year ended 31 March 2025

2025
2024
£
£
295,099
232,055
17,500
16,700
6
2025
2024
£
£
1,562,353
1,257,128
157,669
139,197
106,306
34,889
1,826,328
1,431,214
2025
2024
No.
No.
-
-
1
1
1
1
1
-
-
1
Employer’s contribution to defined contribution pension schemes
Audit fees
Social security costs
Salaries and wages
Auditor's remuneration (excluding VAT):
The following number of employees received employee benefits (excluding employer pension costs and employer's national insurance) during the year between:
£100,000 - £109,999
£60,000 - £69,999
£70,000 - £79,999
£80,000 - £89,999
£110,000 - £119,999
Depreciation
Staff costs were as follows:
This is stated after charging:
Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel		 2025
£
295,099
17,500		 2024
£
232,055
16,700
2025
£
1,562,353
157,669
106,306		 2024
£
1,257,128
139,197
34,889
1,826,328 1,431,214

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £300,409 (2024: £333,278).

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2024: £nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).

£1,370 of trustee expenses were incurred during the year (2024: £2,025). This includes out of pocket expenses incurred by trustees and costs incurred by the charity to coordinate Board meetings and Trustee recruitment costs. Two trustee claimed for out of pocket expenses for travel costs totalling £448.

7 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as follows:

Staff are split across the activities of the charity as follows:

Raising funds
Support
Charitable activities
Governance		 2025
No.
1.4
31.4
5.0
0.5		 2024
No.
2.0
31.3
1.5
0.5
38.3 35.2

43

One Small Thing

Notes to the financial statements

For the year ended 31 March 2025

8 Related party transactions

Aggregate donations from the founder of the charity and Chair Lady Edwina Grosvenor were £218,750 including gift aid (2024: £250,000).

There are no donations from related parties which are outside the normal course of business and no other restricted donations from related parties.

9 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. The charity's subsidiary Hope Street Hampshire CIC distributes under Gift Aid available profits to the parent charity. Its charge to corporation tax in the year was £nil (2024: £nil).

10 Tangible fixed assets

Tangible fixed assets
At the start of the year
Additions in year
The group and charity
At the start of the year
Depreciation
Transfers
At the end of the year
Net book value
At the end of the year
At the start of the year
At the end of the year
Cost
Charge for the year		 £
1,026,007
-
(1,026,007)
Asset under
construction		 Freehold property
£
11,228,731
70,400
910,917
Fixtures and fittings
£
315,246
21,437
115,090
Total
£
12,569,984
91,837
-
- 12,210,048 451,773 12,661,821
-
-		 (178,895)
(203,385)		 (73,151)
(91,714)		 (252,046)
(295,099)
- (382,280) (164,865) (547,145)
- 11,827,768 286,908 12,114,676
1,026,007 11,049,836 242,095 12,317,938

Additions made to our property portfolio in 2025 relate to meeting HMO regulation standards. No further property purchases have been made. Land with a value of £1,737,587 (2024: £1,242,324) is included within freehold property and not depreciated.

All of the above assets will be used for charitable purposes.

44

One Small Thing

Notes to the financial statements

For the year ended 31 March 2025

11 Subsidiary undertaking

The charity is the sole member of the wholly owned subsidiary Hope Street Hampshire CIC, a Community Interest Company registered in England. The company number is 14229439.

The subsidiary was formed to ringfence the residential provision of Hope Street. Available profits are distributed under Gift Aid to the parent charity. The Chair and the CEO are also directors of the subsidiary.

A summary of the results of the subsidiary is shown below:

The Chair and the CEO are also directors of the subsidiary.
A summary of the results of the subsidiary is shown below:
Turnover from sales to parent undertaking
Management charge payable to parent undertaking
Gross profit

Administrative expenses
Loss for the financial year
Total retained earnings brought forward
Turnover
The aggregate of the assets, liabilities and reserves was:
Assets
Total retained earnings carried forward
Liabilities
Loss for the financial year
Distribution under Gift Aid to parent charity
Retained earnings
Reserves		 2025
£
268,493
-		 2024
£
177,914
1,233
268,493
(487,453)
(67,993)		 179,147
(284,792)
(64,716)
(286,953) (170,361)
(170,361)
(286,953)
-		 -
(170,361)
-
(457,314) (170,361)
57,359
(514,673)		 35,390
(205,751)
(457,314) (170,361)

Turnover and administrative expenses above includes:

Owed to OST: £323,925 (2024: £148,590). This liability is the result of general administration/overheads for the running of the CIC and rent due on properties leased from OST to the CIC. A further loan is payable of £126,879 (2024: £25,879) to the parent, taken to meet liquidity requirements.

Owed from OST: £4,782 (2024: £867). This debtor is the result of reclaim to OST for Redesign programme delivery costs and the recovery of staff training costs applicable to the Group.

45

One Small Thing

Notes to the financial statements

For the year ended 31 March 2025

12 Parent charity

The parent charity's gross income and the results for the year are disclosed as follows:

13
14
Trade debtors
Other debtors
Accrued income
Debtors
Creditors: amounts falling due within one year
Prepayments
Trade creditors
Taxation and social security
Other creditors
Accruals
Deferred income (note 15)
VAT Payable
Amounts due from group undertakings
Gross income
Result for the year		 2025
£
128,301
-
7,856
2,500
300,000
The		 2024
£
55,208
-
-
2,501
-
group		 2025
2024
£
£
3,999,757
3,319,339
1,473,175
841,799
2025
2024
£
£
97,398
36,473
450,804
175,337
7,856
-
2,500
2,501
300,000
-
The charity		 2025
2024
£
£
3,999,757
3,319,339
1,473,175
841,799
2025
2024
£
£
97,398
36,473
450,804
175,337
7,856
-
2,500
2,501
300,000
-
The charity
438,657 57,709 858,558 214,311
2025
£
41,080
177,637
40,772
8,187
185,983
35,421
The		 2024
£
22,161
117,134
69,050
4,486
142,722
6,190
group		 2025
2024
£
£
39,901
21,716
171,966
113,561
34,864
65,412
10,356
4,649
131,525
119,359
35,421
6,190
The charity
489,081 361,743 424,033 330,887

15 Deferred income

Deferred income comprises income invoiced for BTI Training and Quality Mark assessment that will be delivered in 2026.

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
Bank loans
Director loan		 2025
£
6,190
(6,190)
35,421
The		 2024
£
9,975
(19,076)
15,291
group		 2025
2024
£
£
6,190
9,975
(6,190)
(19,076)
35,421
15,291
The charity		 2025
2024
£
£
6,190
9,975
(6,190)
(19,076)
35,421
15,291
The charity
35,421 6,190 35,421 6,190
2025
£
1,925,159
1,500,000
The		 2024
£
1,925,159
1,500,000
group		 2025
2024
£
£
1,925,159
1,925,159
1,500,000
1,500,000
The charity
3,425,159 3,425,159 3,425,159 3,425,159

16 Creditors: amounts falling due after one year

Four bank loans totalling £1,925,159 (2024: £1,925,159) are secured against our Supported Housing portfolio held across the Hampshire region which comprise three fixed interest loans at 6% payable over 10 years and an unsecured Directors loan, provided by Lady Edwina Grosvenor, totalling £1,500,000 to support the construction of The Hub, Southampton (2024: £1,500,000). The loan is repayable on conversion of alternative funding or at the discretion of the lender. Interest rate on this loan is 1.5% but interest to date has been waived by the lender.

46

One Small Thing

Notes to the financial statements

For the year ended 31 March 2025 17a Analysis of group net assets between funds (current year)

17b
Tangible fixed assets
Net current assets
Analysis of group net assets between funds (prior year)
Long term liabilities
Net assets at 31 March 2024
Loan assets
Net current assets
Long term liabilities
Loan Assets
Net assets at 31 March 2025
Tangible fixed assets		 General unrestricted
£
69,440
-
1,515,837
-		 Designated
£
5,363,463
1,500,000
1,009,785
(1,500,000)		 Restricted
£
3,256,614
1,925,159
246,616
(1,925,159)		 Endowment
£
-
-
-
-		 Total funds
£
8,689,517
3,425,159
2,772,238
(3,425,159)
1,585,277 6,373,248 3,503,230 - 11,461,755
General unrestricted
£
6,877
-
1,122,531
-		 Designated
£
5,505,825
1,500,000
-
(1,500,000)		 Restricted
£
3,380,077
1,925,159
225,082
(1,925,159)		 Endowment
£
-
-
34,033
-		 Total funds
£
8,892,779
3,425,159
1,381,646
(3,425,159)
1,129,408 5,505,825 3,605,159 34,033 10,274,425

47

One Small Thing

Notes to the financial statements

For the year ended 31 March 2025

18a Movements in funds (current year)

Swires Charitable Trust
Help to Create Hope Trust
Dulverton Trust
Julia Hans and Rausing Trust
Hampshire Office of Police & Crime Commissioner
Advance Advocacy and Non-Violent Community Education
Hypatia Foundation
Beatrice Laing Trust
Neighbourly Communities Fund
Big Give Christmas Challenge
Southampton Hospitals Charity
Total endowment funds
Relief and Rehabilitation from within the criminal justice
system:
Band Trust
Relief and Rehabilitation from within the criminal justice
system:
Hope Street Capital Fund
Hope Street Revenue Fund
VIVID Housing
Treebeard Foundation
Maurice & Hilda Laing Foundation
Charles Hayward Foundation
Schroder Foundation
Southampton City Council - AFEO
Rank Foundation
National Lottery Community Fund
Restricted funds - capital:
Ministry of Justice
The Edward Gostling Fund
Restricted funds - revenue:
Aurum Charitable Trust
Drapers Charitable Fund
Waterloo Foundation
Findlay Charitable Trust		 At 1 April 2024
£
34,033		 Income & gains
£
-		 Expenditure & losses
£
-		 Transfers
£
(34,033)		 At 31 March 2025
£
-
34,033 - - (34,033) -
2,911,245
45,832
273,000
100,000
50,000		 -
-
-
-
60,000		 (83,463)
-
-
-
-		 368,832
(45,832)
(273,000)
(100,000)
(50,000)		 3,196,614
-
-
-
60,000
3,380,077 60,000 (83,463) (100,000) 3,256,614
515
15
41,788
5,267
9
422
-
-
1,240
14,143
32,101
20,534
-
2,838
23,108
2,217
17,145
21,743
-
-
-		 152,827
-
50,000
20,602
-
-
50,000
50,000
30,000
-
32,315
25,000
-
25,000
155,029
-
-
25,000
50,000
10,000
10,000		 (174,814)
-
(37,741)
(20,562)
-
-
(12,512)
(16,667)
(28,248)
(13,714)
(49,075)
(22,836)
158
(28,471)
(130,349)
(2,285)
(16,768)
(28,387)
(49,898)
(1,644)
(8,341)		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 (21,472)
15
54,047
5,307
9
422
37,488
33,333
2,992
429
15,341
22,698
158
(633)
47,788
(68)
377
18,356
102
8,356
1,659
J Leon Charitable Fund - 10,000 - 10,000
Total restricted funds
Promotion of Social Inclusion:
Barrow Cadbury Trust
Goldsmiths Company Charity
Other- Restricted Funds		 23,390
15,915
2,692		 8,500
16,000
28,333		 (16,444)
(33,339)
(35,135)		 -
-
-		 15,446
(1,424)
(4,110)
225,082 748,606 (727,072) - 246,616
3,605,159 808,606 810,535.00
-		 (100,000) 3,503,230

48

One Small Thing

Notes to the financial statements

For the year ended 31 March 2025

18a Movements in funds (current year) (continued)

Movements in funds (current year) (continued)
The Monday Trust
BFT Foundation
Julia Rausing Trust
Total designated funds
General funds
Designated funds - capital
Total funds
Total unrestricted funds
Designated funds - revenue
Unrestricted funds:
Hope Street Designated Capital Fund		 5,462,360
20,000
23,465
-		 -
-
-
1,009,785		 (142,362)
-
-
-		 43,465
(20,000)
(23,465)
-		 5,363,463
-
-
1,009,785
5,505,825 1,009,785 142,362
-		 - 6,373,248
1,129,408 2,449,859 2,128,023
-		 134,033 1,585,277
6,635,233 3,459,644 2,270,385
-		 134,033 7,958,525
10,274,425 4,268,250 3,080,920
-		 - 11,461,755

The narrative to explain the purpose of each fund is given at the foot of the note below.

49

One Small Thing

Notes to the financial statements

For the year ended 31 March 2025

18b Movements in funds (prior year)

Schroder Foundation
Garfield Weston Foundation
Sainsburys Family Trust
Band Trust
Edward Gostling Fund
Maurice & Hilda Laing Foundation
29th May 1961 Charitable Fund
Borrows Trust
Sigrid Rausing Trust
Albert Gubay Foundation
Beatrice Laing Trust
Golden Bottle Trust
Wolfson Foundation
Clothworkers Foundation
Bernard Sunley Foundation
Swires Charitable Trust
Help to Create Hope Trust
Total restricted funds
Restricted funds - capital:
Relief and Rehabilitation from within the criminal justice
system:
The Edward Gostling Fund
Total endowment funds
Westminster Foundation
VIVID Housing
Findlay Charitable Trust
Band Trust
Hope Street Capital Fund
CHK Foundation
George Cadbury Fund		 At 1 April 2023
£
-		 Income & gains
£
1,000,000		 Expenditure & losses
£
-		 Transfers
£
(965,967)		 At 31 March 2024
£
34,033
- 1,000,000 - (965,967) 34,033
-
243,154
48,071
381,074
30,000
484,632
4,367
6,754
393,066
247,085
91,284
39,118
30,000
100,000
100,000
100,000
93,954
125,000
100,000
-
-
-
-
-		 -
-
-
-
-
-
-
10,000
-
-
-
-
-
-
-
-
-
-
-
100,000
50,000
273,000
100,000
50,000		 -
-
-
-
-
-
-
(10,438)
-
-
-
-
-
-
-
-
-
-
-
(9,596)
(4,168)
-
-
-		 2,911,245
(243,154)
(48,071)
(381,074)
(30,000)
(484,632)
(4,367)
(6,316)
(393,066)
(247,085)
(91,284)
(39,118)
(30,000)
(100,000)
(100,000)
(100,000)
(93,954)
(125,000)
(100,000)
(90,404)
-
-
-
-		 2,911,245
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
45,832
273,000
100,000
50,000
2,617,559 583,000 (24,202) 203,720 3,380,077

50

One Small Thing

Notes to the financial statements

For the year ended 31 March 2025

18b Movements in funds (prior year) (continued)

Restricted funds - revenue:

Restricted funds - revenue:
Total restricted funds
The Monday Trust
BFT Foundation
Total designated funds
General funds
Designated funds - capital
Duchess of Westminster
Lady Tamara & Viola Grosvenor
Total funds
Lady Edwina Grosvenor
Lady Edwina Grosvenor
Hope Street Designated Capital Fund
Kowitz Foundation
Snow Family
Duchess of Westminster
Designated funds - revenue
Hope Street Designated Revenue Fund
VIVID Housing
Garfield Weston Foundation
Dulverton Trust
Goldsmiths Company Charity
National Lottery Community Fund
Golden Bottle Trust
Southampton City Council - AFEO
Rank Foundation
Advance Advocacy and Non-Violent Community Education
Relief and Rehabilitation from within the criminal justice
Unrestricted funds:
J Leon Charitable Fund
Total unrestricted funds
Julia Hans and Rausing Trust
Ministry of Justice
Treebeard Foundation
Big Give Christmas Challenge
Charles Hayward Foundation
Hampshire Office of Police & Crime Commissioner
Schroder Foundation
Hope Street Revenue Fund
Westminster Foundation
Southampton Hospitals Charity
Drapers Charitable Fund
Waterloo Foundation
Other- Restricted Funds
Pension reserve
Julia Hans and Rausing Trust
Barrow Cadbury Trust
Promotion of Social Inclusion:		 76,105
12,066
233,148
45,134
9,611
5,121
2,161
143,746
1,784
-
17,229
98,885
25,000
-
-
-
-
-
-
18,295
20,160
16,000
-		 -
169,000
-
50,000
32,987
1,838
25,000
-
30,000
-
25,000
37,627
25,000
12,272
25,000
150,000
50,000
25,000
25,000
24,965
-
32,000
30,000		 -
(180,551)
(99,730)
(53,346)
(37,331)
(11,317)
(26,739)
(143,746)
(30,544)
-
(28,086)
(104,411)
(29,466)
(12,272)
(22,162)
(126,892)
(47,783)
(7,855)
(3,257)
(21,291)
(20,160)
(32,085)
(27,308)		 (76,105)
-
(133,403)
-
-
4,367
-
-
-
-
-
-
-
-
-
-
-
-
-
1,421
-
-
-		 -
515
15
41,788
5,267
9
422
-
1,240
-
14,143
32,101
20,534
-
2,838
23,108
2,217
17,145
21,743
23,390
-
15,915
2,692
724,445 770,689 (1,066,332) (203,720) 225,082
3,342,004 1,353,689 (1,090,534) - 3,605,159
-
203,938
1,246,602
3,244,089
-
-
109,234
636,653
874
970
20,000		 -
-
-
-
20,000
23,465
-
-
-
-
-		 -
-
-
-
-
-
-
-
-
-
-		 5,462,360
(203,938)
(1,246,602)
(3,244,089)
-
-
(109,234)
(636,653)
(874)
(970)
(20,000)		 5,462,360
-
-
-
20,000
23,465
-
-
-
-
-
5,462,360 43,465 - - 5,505,825
799,731 983,754 (1,620,044) 965,967 1,129,408
6,262,091 1,027,219 (1,620,044) 965,967 6,635,233
- - - - -
9,604,095 3,380,908 (2,710,578) - 10,274,425

The narrative to explain the purpose of each fund is given at the foot of the note below.

Below is a narrative explanation of the purpose of each fund for any fund with income, expenditure, brought forward or carried forward funds for the years ended March 2025 and March 2024.

Purposes of endowment funds

The Edward Gostling Fund

The endowment can only be used to meet operating costs which support the charitable activities of One Small Thing. In these specific circumstances, One Small Thing may apply an amount from the income and capital of the endowment, in any accounting year and within the next 5 years, towards these costs and to ensure the charity maintains the agreed level of reserves.

51

One Small Thing

Notes to the financial statements

For the year ended 31 March 2025

18b Movements in funds (prior year) (continued)

Purposes of restricted funds

Capital funds – to redesign the criminal justice system by develop a pioneering residential community for women and their children Hope Street Capital Fund Swires Charitable Trust Help to Create Hope Trust Findlay Charitable Trust Band Trust CHK Foundation George Cadbury Fund Westminster Foundation Schroder Foundation Garfield Weston Foundation VIVID Housing Sainsburys Family Trust Band Trust Edward Gostling Fund Maurice & Hilda Laing Foundation 29th May 1961 Charitable Fund Borrows Trust Sigrid Rausing Trust Albert Gubay Foundation Beatrice Laing Trust Golden Bottle Trust Wolfson Foundation Clothworkers Foundation Bernard Sunley Foundation Relief and Rehabilitation from within the criminal justice system: Ministry of Justice Dulverton Trust Advance Advocacy and Non-Violent Community Education VIVID Housing Schroder Foundation Maurice & Hilda Laing Foundation Beatrice Laing Trust Hampshire Office of Police & Crime Commissioner Treebeard Foundation Big Give Christmas Challenge Charles Hayward Foundation Southampton City Council - AFEO Rank Foundation National Lottery Community Fund Southampton Hospitals Charity Drapers Charitable Fund Waterloo Foundation Aurum Charitable Trust Hypatia Foundation Neighbourly Communities Fund J Leon Charitable Fund Other- Restricted Funds Westminster Foundation Julia Hans and Rausing Trust Garfield Weston Foundation Golden Bottle Trust Other- Restricted Funds Promotion of Social Inclusion: Barrow Cadbury Trust Goldsmiths Company Charity Julia Hans and Rausing Trust

All designated funds have been agreed by Trustees to further the objects of One Small Thing. Included within designated funds is the creation of an asset specific to the construction of Hope Street and funds to support the expansion of the projects housing portfolio. Further, we have designated £1m of funding from the Julia Rausing Trust to reduce the financial risk attached to generating housing benefit income as we stabilise our housing pathways into Hope Street and to support the strategic development of the Hope Street model nationally.

52

One Small Thing

Notes to the financial statements

For the year ended 31 March 2025

19 Capital commitments

At the balance sheet date, the charity had committed to pay £94K in 2025 (2024: £100K) for the completion of the construction of The Hub (Hope Street) that relates specifically to contractual retention balances and has been held since 31 March 24.

20 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 £10.

53