Old boy: one imparting charm (3)
I believe the answer is:
obi
'imparting charm' is the definition.
'obi' can be an answer for 'charm' (also obeah, type of sorcery). I am not certain of the 'imparting' bit.
'old boy one' is the wordplay.
'old boy' becomes 'OB' (abbreviation for a private school 'old boy').
'one' becomes 'i' (Roman numeral).
'ob'+'i'='OBI'
Can you help me to learn more?
(Other definitions for obi that I've seen before include "Kimono accessory" , "exotic waistband" , "belt" , "Broad Japanese sash" , "Material band" .)