REGISTERED COMPANY NUMBER: 03092197 (England and Wales) REGISTERED CHARITY NUMBER: 1048842
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 October 2024
for OneBodyOneFaith Ltd.
Wright Vigar Limited Chartered Accountants & Business Advisers
15 Newland Lincoln Lincolnshire LN1 1XG
OneBodyOneFaith Ltd.
Contents of the Financial Statements for the Year Ended 31 October 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
OneBodyOneFaith Ltd.
Report of the Trustees for the Year Ended 31 October 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Company shall be:
(a) to advance the Christian religion for the benefit of the public in accordance with the following Statement of Conviction:
"It is the conviction of members of OneBodyOneFaith that human sexuality, sexual orientation and gender identity in all their richness are gifts of God gladly to be accepted, enjoyed and honoured as a way of both expressing and growing in love, in accordance with the life and teaching of Jesus Christ. Therefore it is their conviction that is entirely compatible with the Christian Faith not only to love another person of the same sex, but also to express that love fully in a personal sexual relationship;
We believe that expressing our gender and sexuality with integrity is important as a way to grow in love and discipleship; we long for the day when Christians fully accept, welcome, affirm and offer equality to everyone in their diversity."
Including raising awareness and understanding of theological issues related to sexuality and gender identity, promoting fellowship and pastoral support through local groups and other means and organising prayer and reflection;
(b) to advance the education of the public on the needs and experience of lesbian, gay, bisexual, transgender and intersex (LGBTI+) Christians, and promote acceptance of diversity, so that they may be able to live without fear of rejection or recrimination and be fully included in the life and ministry of the Church.
Activities
2023/24 has been a year of change and consolidation for the work of OneBodyOneFaith. We are continuing to work guided by our twin themes of safety and joy, as set out in our 2023-26 strategy, that we might enable the flourishing of queer Christians. Our focus continues to broaden from Britain to the wider world, and we are pleased to be building relationships with partners in Southern Africa, Australia and North America. We are proud of what we do and the distinctive contribution that OneBodyOneFaith is making as well as our partnership with other groups and organisations active in this area. At the same time, we know that we have the potential to do so much more.
Our online community, Rhythm, is an exciting part of our work, creating an intentional space for LGBTI+ people to develop their spirituality and to belong. Alongside regular online gatherings, we offered a retreat, which was both well supported and much appreciated. Another is planned and bookings are currently being taken.
Part of our development continues to be diversifying the ways we support our work. This is essential if we are to be an organisation that makes a significant impact in Britain and the world. We are working intentionally on sourcing grant funding at a much more significant level than was previously possible and have already had some key successes. We are increasingly working on an international stage by broadening our trustee board, through our patrons and by cultivating partnerships around the world.
Our members' day and Big Queer Carols held in Cambridge in December gave us the opportunity to meet with members and to share worship and time together. The second of our memorial services, held in Cardiff, highlighted again the power of remembering our queer forebears, what they faced and the significance of that for making change today.
We could not do what we do without our members and supporters. Their time, money and encouragement are what makes all of this possible. The trustees are immensely grateful to them all and look forward to our continued work together in the coming years.
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OneBodyOneFaith Ltd.
Report of the Trustees for the Year Ended 31 October 2024
OBJECTIVES AND ACTIVITIES Public benefit
The charity's work benefits the public by:
-
reducing discrimination and its impact on LGBTI+ people and particularly their mental health;
-
building stronger, more tolerant and diverse communities;
-
by enabling people to integrate their religious practices and spirituality into their identity as LGBTI+ people.
There is a broader impact on the public in that the affirmation of LGBTI+ people is now widely accepted and the charity's work affirms that people are not excluded from the good news of the gospel by virtue of their identity as LGBTI+ people, countering the harmful assumption that faith communities will invariably reject people for being LGBTI+. OneBodyOneFaith connects people who are committed to our Statement of Conviction and works to bring about change by providing resources and opportunities to meet and engage with issues of faith and sexuality, by working with key individual in denominations to articulate our perspective and bring about positive change, by providing support to individuals and groups wishing to become more visible and vocal, and by engaging with the public though a range of media to raise awareness and bring about positive change.
The trustees confirm that they have been complied with the requirement of section 17 of Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
FINANCIAL REVIEW
Principal funding sources
We have experienced a decline in membership which has worsened our ability to cover normal expenditure purely through membership subscriptions.
Reserves policy
We need enough reserves to ensure that our costs are covered. Therefore, we aim to maintain at least six (6) months' basic costs in reserves. Any diminution from this has to approved by the board.
At the year end the charity had total reserves of £133,395 (2023: £181,593) held in unrestricted reserves, which is in line with over twelve (12) months' costs. The board will keep this under regular review.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is a company limited by guarantee and a registered charity. It is operated under the rules of its memorandum and articles of association dated 17 August 1995 and most recently amended 25 November 2017. It has no share capital and the liability of each member in the event of winding-up is limited to £1.
Recruitment and appointment of new trustees
Trustees are appointed at the Annual General Meeting by members of the company, in accordance with the charity's governing documents. Additionally there is provision for trustees to be co-opted to the board by the trustees during the year, to draw in specific skills.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
03092197 (England and Wales)
Registered Charity number
1048842
Registered office
15 Newland Lincoln LN1 1XG
Trustees
H Brock Womack Reverend P Davies (resigned 8.3.25) A Kananira L Lewis (resigned 14.12.24) D G Owen (resigned 8.3.25) Reverend J Robinson-Brown (resigned 14.12.24) Reverend M Rowland G I A White J Winn-Smith C E Lord (appointed 13.12.24)
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OneBodyOneFaith Ltd. Report of the Trustees for the Year Ended 31 October 2024
REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary C E Lord
Independent Examiner
Paul Colcomb (FCCA) Wright Vigar Limited Chartered Accountants & Business Advisers 15 Newland Lincoln Lincolnshire LN1 1XG 15/05/2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ C E Lord - Trustee
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Independent Examiner's Report to the Trustees of OneBodyOneFaith Ltd.
Independent examiner's report to the trustees of OneBodyOneFaith Ltd. ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Paul Colcomb (FCCA)
Wright Vigar Limited Chartered Accountants & Business Advisers 15 Newland Lincoln Lincolnshire LN1 1XG
Date: ....27/5/2025.........................................
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OneBodyOneFaith Ltd.
Statement of Financial Activities for the Year Ended 31 October 2024
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 22,533 51,000 Charitable activities Charitable activities 44,366 - Investment income 3 3,440 - Total 70,339 51,000 EXPENDITURE ON Charitable activities Charitable activities 118,537 6,759 NET INCOME/(EXPENDITURE) (48,198) 44,241 RECONCILIATION OF FUNDS Total funds brought forward 181,593 - TOTAL FUNDS CARRIED FORWARD 133,395 44,241 |
2024 Total funds £ 73,533 44,366 3,440 121,339 125,296 (3,957) 181,593 177,636 |
2023 Total funds £ 80,038 29,641 1,740 |
|---|---|---|
| 111,419 | ||
| 85,263 | ||
| 26,156 155,437 |
||
| 181,593 |
The notes form part of these financial statements
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OneBodyOneFaith Ltd.
Balance Sheet
31 October 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 7 | 424 | - | 424 | 1,174 |
| CURRENT ASSETS | |||||
| Debtors | 8 | 2,501 | 33,333 | 35,834 | 23,926 |
| Cash at bank | 134,797 | 11,957 | 146,754 | 159,822 | |
| 137,298 | 45,290 | 182,588 | 183,748 | ||
| CREDITORS | |||||
| Amounts falling due within one year | Amounts falling due within one year 9 |
(4,327) | (1,049) | (5,376) | (3,329) |
| NET CURRENT ASSETS | 132,971 | 44,241 | 177,212 | 180,419 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | TOTAL ASSETS LESS CURRENT LIABILITIES | 133,395 | 44,241 | 177,636 | 181,593 |
| NET ASSETS | 133,395 | 44,241 | 177,636 | 181,593 | |
| FUNDS | 10 | ||||
| Unrestricted funds | 133,395 | 181,593 | |||
| Restricted funds | 44,241 | - | |||
| TOTAL FUNDS | 177,636 | 181,593 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 15/05/2025
............................................. C E Lord - Trustee
The notes form part of these financial statements
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OneBodyOneFaith Ltd.
Notes to the Financial Statements for the Year Ended 31 October 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
Income and endowments
Voluntary income including donations, gifts, royalties, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Investment income
Dividends and interest are recognised once the dividends and interest has been declared and notification has been received of the dividend and interest due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost Computer equipment - 33% on cost
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OneBodyOneFaith Ltd.
Notes to the Financial Statements - continued for the Year Ended 31 October 2024
1. ACCOUNTING POLICIES - continued
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| Donations Legacies Grants Grants received, included in the above, are as follows: LGBT + Futures Sir Halley Stewart Trust Paracletos Open Theology Trust INVESTMENT INCOME Deposit account interest |
2024 £ 12,533 - 61,000 73,533 2024 £ - 50,000 10,000 1,000 61,000 2024 £ 3,440 |
2023 £ 13,322 54,816 11,900 |
| 80,038 | ||
| 2023 £ 1,000 4,900 6,000 - |
||
| 11,900 | ||
| 2023 £ 1,740 |
3. INVESTMENT INCOME
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Independent examination | 1,260 | 1,200 |
| Other non-audit services | 1,325 | 695 |
| Depreciation - owned assets | 750 | 552 |
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OneBodyOneFaith Ltd.
Notes to the Financial Statements - continued for the Year Ended 31 October 2024
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023.
Trustees' expenses
During the year a total of 6 trustees were reimbursed for travel and subsistence costs.
6. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Wages and salaries | 72,136 | 56,387 |
| Social security costs | 538 | - |
| Other pension costs | 2,417 | 1,727 |
| 75,091 | 58,114 | |
| The average monthly number of employees during the year was as follows: | ||
| 2024 | 2023 | |
| Employees | 3 | 3 |
No employees received emoluments in excess of £60,000.
7. TANGIBLE FIXED ASSETS
| 7. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| and | Computer | |||
| fittings | equipment | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 November 2023 and 31 October 2024 | 1,615 | 3,131 | 4,746 | |
| DEPRECIATION | ||||
| At 1 November 2023 | 1,615 | 1,957 | 3,572 | |
| Charge for year | - | 750 | 750 | |
| At 31 October 2024 | 1,615 | 2,707 | 4,322 | |
| NET BOOK VALUE | ||||
| At 31 October 2024 | - | 424 | 424 | |
| At 31 October 2023 | - | 1,174 | 1,174 | |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Prepayments and accrued income | 35,834 | 23,926 |
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OneBodyOneFaith Ltd.
Notes to the Financial Statements - continued for the Year Ended 31 October 2024
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Social security and other taxes Other creditors Accruals and deferred income MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Sir Halley Stewart Trust Open Theology Trust TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Sir Halley Stewart Trust Open Theology Trust TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
2024 2023 £ £ 1,049 1,133 1,228 996 3,099 1,200 5,376 3,329 Net At movement At 1.11.23 in funds 31.10.24 £ £ £ 181,593 (48,198) 133,395 - 43,806 43,806 - 435 435 - 44,241 44,241 181,593 (3,957) 177,636 Incoming Resources Movement resources expended in funds £ £ £ 70,339 (118,537) (48,198) 50,000 (6,194) 43,806 1,000 (565) 435 51,000 (6,759) 44,241 121,339 (125,296) (3,957) Net At movement At 1.11.22 in funds 31.10.23 £ £ £ 155,437 26,156 181,593 155,437 26,156 181,593 |
|---|---|
10. MOVEMENT IN FUNDS
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OneBodyOneFaith Ltd.
Notes to the Financial Statements - continued for the Year Ended 31 October 2024
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds LGBT + Futures: Faith Fund Sir Halley Stewart Trust TOTAL FUNDS Restricted Funds: |
Incoming Resources Movement resources expended in funds £ £ £ 105,519 (79,363) 26,156 1,000 (1,000) - 4,900 (4,900) - 5,900 (5,900) - 111,419 (85,263) 26,156 |
|---|---|
Sir Halley Stewart Trust
Due to a previous relationship with Halley Stewart, we successfully applied for a grant of £50,000 over 36 months for our 'Faith Sector Inclusive and Reflective Leadership Development Programme'.
Open Theology Trust
We received a grant of £1,000 from the Open Theology Trust towards our Rhythm Retreat.
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2024.
12. THIRD PARTY FUNDS
| Opening Balances | Incoming Resources | Resources Expended | Total | |
|---|---|---|---|---|
| Baptist Ministry | ||||
| Project | 254 | 254 |
The funds held on behalf of third parties are not recognised within the accounts as there is no legal entitlement to the charity. The balance at the year end is shown as a creditor which is updated for bank movements in the period.
13. ROYALTIES FROM LITERATURE
The Charity owns rights to royalties from literature. There is no record of the cost of the literature and as such is not recognised on the balance sheet.
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OneBodyOneFaith Ltd.
Detailed Statement of Financial Activities for the Year Ended 31 October 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Legacies Grants Investment income Deposit account interest Charitable activities Membership subscriptions Sales & fees Educational archive royalties Total incoming resources EXPENDITURE Charitable activities Wages Social security Pensions Publications & subscriptions Advertising Administrative expenses Staff expenses Meetings retreats & conference Merchandise Consultancy fees Depreciation of computer equipment Support costs Governance costs Auditors' remuneration Auditors' remuneration for non audit work Total resources expended Net (expenditure)/income |
2024 £ 12,533 - 61,000 73,533 3,440 27,309 2,120 14,937 44,366 121,339 72,136 538 2,417 1,630 650 3,826 19,003 6,391 1,324 14,046 750 122,711 1,260 1,325 2,585 125,296 (3,957) |
2023 £ 13,322 54,816 11,900 |
|---|---|---|
| 80,038 1,740 27,711 1,866 64 |
||
| 29,641 | ||
| 111,419 56,387 - 1,727 947 4,151 2,757 9,613 2,760 774 3,700 552 |
||
| 83,368 1,200 695 |
||
| 1,895 | ||
| 85,263 | ||
| 26,156 |
This page does not form part of the statutory financial statements
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