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← One Church

2024-12-31-accounts

One Church

Trustees' Annual Report and Accounts For the year ended 31 December 2024

Company number: 06955996 Charity number: 1131467

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

ONE CHURCH

REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

CONTENTS
Company Information 1
Directors' and Trustees Report 2-8
Independent Auditor's Report 9-11
Consolidated Statement of Financial Activities 12
Balance Sheet 13
Consolidated Cash Flow Statement 14
Notes to the Accounts 15-23

ONE CHURCH

FOR THE YEAR ENDED 31 DECEMBER 2024

COMPANY INFORMATION

Directors/Trustees

Directors/Trustees I M Andrews J E Hubbard Rev S A Jarvis O Opaleye N Pettifer C G Williams Company Secretary T Geatches Key staff Rev S A Jarvis, A Jarvis Governing Document Memorandum and Articles of Association July 2009 Company Registration Number 06955996 (England and Wales) Charity Registration Number 1131467 (England and Wales) Working Names of Charity One Church Gloucester, One Church Podsmead One Church Bristol, One Church Keynsham Registered office One Church and principal office The Butts, Off Baneberry Road Gloucester, GL4 6NY Auditors: DSC Accountants Limited Tattersall House East Parade Harrogate HG1 5LT Principal Bankers Co-operative Bank

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ONE CHURCH REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees, who are the charity's directors for the purposes of company law, have pleasure in December 2024. submitting the Report and Accounts for the year ended 31[st]

Objectves of the charity

The charity is a charitable company and is governed by its memorandum and articles of association. The objectives of the charity, as set out in the governing document are:

Summary of the charity's main actvites and achievements

In planning the activities, the Trustees have applied the guidance on public benefit issued by the Charity Commission. This year our three main objectives were:

Objective 1 - To advance the Christian faith both across the UK and globally, as deemed appropriate by the church leadership at any given time

One Church currently has five locations: Gloucester, Podsmead, Tewkesbury, Bristol, and Keynsham. Across these locations, we hold seven Sunday services, welcoming an average of 650 people each week who call One Church their home. With a commitment to planting new locations, we anticipate continued growth. This steady increase is driven by our strong church culture—one that embraces authenticity, generosity, faith, and a mission-focused spirit.

Our purpose is ‘Growing you to live big.’ We strive to empower people of all nations, backgrounds, ages, and gender to discover their God-given purpose and live it out in their unique context and community.

We achieve this through our four-part expansion vision:

  1. Creating spaces where people can encounter God

  2. Discipling individuals to impact their communities

  3. Developing leaders who…

  4. Plant churches that… (repeat)

Our Gloucester location has experienced remarkable growth this year. A third Sunday service was launched at Easter, and across all 3 services, 191 new people have attended, 286 people have responded to the gospel and 24 people have been baptised. Additionally, Gloucester initiated the Legacy Building Project, raising an impressive £188,000 towards the refurbishment and expansion of the facility. This initiative aims to bring the building up to current regulatory standards while increasing the capacity of both the main auditorium and the children’s ministry. These developments will support the continued growth of the church and strengthen its outreach within the Gloucester community.

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ONE CHURCH REPORT OF THE DIRECTORS CONTINUED………

One Church Tewkesbury launched in September 2024 and is thriving! This location now offers regular Sunday family services that foster connection and community. In addition, they successfully hosted a community outreach event at the Roses Theatre, further strengthening local engagement. Looking ahead to 2025, they plan to build meaningful partnerships with local schools, expanding their impact and outreach.

Objective 2 - To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support wherever the church leadership deems appropriate, both across the UK and globally.

One Church provides pastoral care physically, emotionally and spiritually for its congregation and those outside the church in our community. We have strong partnerships with many charitable organisations including Steet Pastors, HMP Eastwood Park, Sports Chaplaincy, Gloucester City Mission and Nelsons Trust. As our church continues to grow, so does our ability to provide increasing levels of support to those in need.

Our Gloucester location continues to invest in the One Community Housing Project by providing support through volunteer mentoring and life skills training to vulnerable women, as well as providing practical help with the maintenance of the house.

Our Podsmead location won the bid in Gloucester County Council for a Community Asset Transfer of The Club at Tuffley Park. We hope to finalise this transfer in 2025 meaning our Podsmead church will have its own premises; increasing their capacity to serve and help the local community through its Sunday services, mid-week provisions and community café.

Our Bristol and Keynsham locations continue to make a meaningful impact within their communities through initiatives such as Creche and Carry, Back to School bags, and Christmas hampers. Additionally, they host a dedicated weekend away for congregation members, providing an opportunity to strengthen friendships and focus on overall well-being.

Across our network, mission is a vital part of our outreach. Through our missions program, we actively support dedicated missionaries and partner charities both in the UK and internationally. This backing empowers our partners to demonstrate the love of Jesus by establishing local churches that provide essential care and relief in communities facing poverty and deprivation. A prime example is our Talim Scholars project: in 2024, we helped 70 children in the Philippines access an education. Additionally, our volunteer teams travel to countries where we have established partnerships, working alongside local churches to reach the vulnerable and marginalised through community events, youth and children’s camps, outreach initiatives, and leadership training.

challenges. We often receive reports from members of our congregation detailing answered prayers, either miraculously or practically.

Objective 3 – To advance education in the UK and globally, as deemed appropriate by the church leadership at any given time.

One Church remains committed to developing individuals at every stage of life. Our weekend services provide both education and practical application, while midweek Grow programs offer discipleship and

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ONE CHURCH REPORT OF THE DIRECTORS CONTINUED………

tailored training opportunities designed to equip and empower people in their personal and spiritual growth.

One Church is passionate about developing leaders and this year, we have trained over 35 leaders through our tailored leadership pipeline courses. This trains leaders to a level 3, which is team/department leader level. Feedback from these courses have been extremely positive as people are equipped and released into roles across the organisation. We have just developed a level 4 training course, called ‘Shepherd’ which is designed at training leaders to an Eldership level. There are currently 30 people from across all One Church locations on this course.

One Church is also very well connected with other churches across the UK and twice a year hosts an Expansion Network conference in Gloucester where pastors come to receive impartation, training and coaching. These are highly relational conferences and have a great reputation of growing leaders.

In addition, our midweek clubs—OCKids, OCYouth, and Link—continue to provide opportunities for learning and personal development. Through engaging activities and discussions, participants gain knowledge, build essential skills, and develop confidence, fostering growth across all age groups.

Volunteers

One Church owes much of its success in achieving its charitable objectives to its dedicated team of volunteers—an incredible group of 250–300 individuals. Their invaluable contributions span every aspect of church life, from assisting in the offices and leading youth and kids' outreach programs to enriching Sunday services through music and worship. Their commitment and passion are the heartbeat of our community.

Principal Funding Sources

Funding for One church comes principally from the donations of those who attend our church. Individuals who attend One Church make regular financial donations to support the work of the charity and donors are encouraged to sign a Gift Aid declaration in order to maximise their giving.

One Church would like to express our sincere appreciation and say a massive thank you to our One Church family, friends and supporters who have continued to give generously towards the work of One Church.

Financial review

that highlight the performance of each church location as well as the charity overall. By employing an accrual accounting system, we are better equipped to manage our finances while maintaining strict spending controls, ensuring that our resources are used both sensibly and efficiently.

Total income for 2024 increased by £198,000 to £1,139,000 (2023: £941,000), an increase of 21%.

Unrestricted donation income decreased by £12,000 (2%) to £681,000 (2023: £693,000) and restricted income increased by £165,000 (289%) to £222,000 (2023: £57,000). This staggering increase was due to the launch of the Legacy Building Project in our Gloucester location where an incredible £188,000 was raised. This figure continues to increase as people fulfil their pledges towards the building project.

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ONE CHURCH

REPORT OF THE DIRECTORS CONTINUED………

The above donation income included £131,000 received from the Government’s Gift Aid Scheme. This continues to help us reach out beyond the walls of the church.

Income from charitable activities increased by £38,000 (22%) to £214,000.

Total expenditure for 2024 increased by £233,000 (27%) to £1,105,000 (2023: £872,000).

The net result was a surplus of £34,000 (2023: £69,000) for the year.

The charity ended the year with net assets of £1,337,000 (2023: £1,303,000) represented by:

£950,000 less other net current liabilities of £48,000.

Structure, Governance and Management

The charity is a company limited by guarantee and a registered charity. The charity was incorporated on 08 July 2009 and became a registered charity on 02 September 2009.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr S Jarvis Mr I Andrews Mr N Pettifer Mr C Williams Mrs O Opaleye Mr J Hubbard

Following AOG guidelines, the church is required to have a minimum of three trustees/directors at any one time, one of whom is the senior leader, S. Jarvis. When a replacement is needed or enhanced

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ONE CHURCH REPORT OF THE DIRECTORS CONTINUED………

expertise is deemed necessary, the senior leader—in consultation with the Chair of Trustees—will nominate a candidate who demonstrates the requisite experience, skills, and commitment. This nomination is then reviewed and approved by the full Board of Directors/Trustees.

The charity is managed by two key oversight bodies:

The Board meets quarterly—with additional meetings scheduled as needed—to facilitate strategic and process-related decisions that shape the future direction of the church, in alignment with the guidance of both the Apostolic and Location Leadership Teams.

One Church remains a member of Assemblies of God UK’s network of Churches—a partnership that supports our continuous improvement of processes and policies without impacting our operational autonomy.

Any transactions with related parties within the senior management team or trustees undergo rigorous scrutiny in line with our conflict-of-interest policy and to ensure they are allowed by our governing document. Details of these transactions are disclosed in the notes to the accounts and recorded in the minutes of relevant Board meetings.

None of the trustees holds any beneficial interest in the charity (apart from disclosed employment benefits); however, all trustees are members of the charity and guarantee to contribute £1 in the event of winding up.

Key risks and uncertaintes

One Church’s funding is predominantly derived from the generous contributions of its members. The Trustees recognise that fluctuations in the national economic climate could materially affect the charity’s income and, consequently, its ability to realise its objectives. In response, we have implemented a robust reserves policy, supported by diligent monthly financial monitoring and quarterly reviews, to ensure effective fiscal stability.

As a public-facing organisation that regularly hosts open-door events, we are firmly committed to maintaining high standards of risk management. Our staff and volunteers receive risk management training and thorough risk assessments are carried out. Moreover, our Chief Operating Officer (COO) is tasked with overseeing Health and Safety across the organisation and ensuring that optimal insurance cover is in place.

Safeguarding remains a cornerstone of our operational ethos. By embedding safer recruitment practices, routinely updating our policies, and providing comprehensive training for all staff, volunteers, leaders, safeguarding leads, and Trustees, we strive to create a secure and supportive environment for everyone connected with One Church

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ONE CHURCH REPORT OF THE DIRECTORS CONTINUED………

Investments

Currently, surplus funds are held in cash or cash equivalent accounts with various financial institutions with varying notice periods. This ensures we have sufficient liquid funds to meet our obligations as they fall due.

Our investment policy sets out the parameters for such accounts in greater detail.

Reserves Policy

The trustees/directors recognise the importance of a reserves policy to help demonstrate good stewardship and financial management and to manage its reputation.

Designated contingency reserves are to protect the church/charity against future financial uncertainties including loss of income and unexpected increases in operating costs. The current policy requires the charity to hold contingency reserves of not less £150,000 and no more than £200,000.

Going Concern

The trustees/directors, having reviewed all financial and other obligations, expect the charity to continue to operate as a going concern for the foreseeable future. It is able to meet its obligations as they fall due, and there are no plans to close the charity or to significantly curtail its operations.

Future Direction

Our vision for 2025 remains strong and unwavering—we are committed to making a meaningful impact in our community. We aim to deepen our partnerships with local organisations while exploring exciting new opportunities to engage with children and youth in local schools.

As part of our continued expansion, we are thrilled to announce plans to add a new location to our network in Stroud by the end of the year, further extending our reach and influence. The future is full of possibility, and we can’t wait to see what unfolds.

Responsibilites of trustees under company law

The trustees (who are also the charitable company’s directors 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).

true and fair view of the state of the affairs of the charitable company and group as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, of the charitable company and group for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

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ONE CHURCH REPORT OF THE DIRECTORS CONTINUED………

  1. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  2. that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and group 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 group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Approval

This report was approved by the trustees and signed on their behalf by:

….....................................................

Ian Andrews - Director and Trustee

Date: O08 -lo- 2026

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ONE CHURCH

Opinion

We have audited the financial statements of One Church (the 'charitable company') and its subsidiary (the ‘group’) for the year ended 31 December 2024 which comprise the Consolidated Statement of Financial Activities, the Balance Sheet, Consolidated Cash Flow Statement and 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 (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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company'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.

An overview of the scope of our audit

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the company’s circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the directors; and the overall presentation of the financial statements.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

As this is the first year the charity has breached the audit threshold, the comparison figures are unaudited.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ONE CHURCH

Opinions on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ONE CHURCH

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, a review of correspondence with the Charity Commission, enquiries with management and the inspection of other regulatory and legal correspondence.

We addressed the risk of management override of internal controls, including testing journals and estimates and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud and the completeness of income recognition by reference to the source document for each income stream. We did not identify any key audit matters relating to irregularities, including fraud.

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 for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' 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.

Graham French (Senior Statutory Auditor) for and on behalf of DSC Accountants Ltd Chartered Accountants Statutory Auditors Tattersall House East Parade Harrogate North Yorkshire HG1 5LT

8 October 2025

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ONE CHURCH

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITES WITH COMPARATIVES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
4
Investments: interest on cash deposits
Total income and endowments
EXPENDITURE ON
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 General
Designated
2024
2024
£
£
676,558
4,939
12,968
182,333
19,199
-
708,726
187,272
697,273
336,185
697,273
336,185
11,452
(148,913)
(45,600)
45,600
(34,148)
(103,313)
204,632
1,031,758
170,484
928,446
Unrestricted Funds		 Restricted
Funds
2024
£
222,124
19,045
1,804
242,974
71,767
71,767
171,207
-
171,207
66,642
237,850		 Total
Funds
2024
£
903,621
214,347
21,003
1,138,971
1,105,225
1,105,225
33,746
-
33,746
1,303,033
1,336,780		 General
Designated
2023
2023
£
£
684,648
8,490
7,426
154,091
14,455
-
706,528
162,582
592,086
225,025
592,086
225,025
114,443
(62,444)
(28,668)
28,498
85,775
(33,945)
118,857
1,065,704
204,632
1,031,758
Unrestricted Funds		 Restricted
Funds
2023
£
57,202
14,845
-
72,047
55,266
55,266
16,781
170
16,950
49,692
66,642		 Total
Funds
2023
£
750,341
176,362
14,455
941,157
872,377
872,377
68,779
-
68,779
1,234,253
1,303,032

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on page 15 to 23 form part of these accounts.

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ONE CHURCH

BALANCE SHEET

AS AT 31 DECEMBER 2024

Note
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Investments
10
Cash at bank and in hand
11
CREDITORS: Amounts falling
due within one year
12
Net current assets
TOTAL NET ASSETS
FUND BALANCES
Unrestricted funds
General Funds
Designated funds
15
Restricted Funds
16		 2024
2023
£
£
404,355
417,459
404,355
417,459
30,386
31,277
521,583
426,544
428,004
468,135
979,972
925,957
(47,547)
(40,383)
932,425
885,573
1,336,780
1,303,032
170,484
204,632
928,446
1,031,758
237,850
66,642
1,336,780
1,303,032
The group		 2024
2023
£
£
404,355
417,459
404,355
417,459
29,386
31,277
521,583
426,544
408,671
445,834
959,639
903,656
(46,163)
(38,770)
913,476
864,885
1,317,831
1,282,344
170,484
204,632
910,497
1,011,070
236,849
66,642
1,317,831
1,282,344
The charity		 2024
2023
£
£
404,355
417,459
404,355
417,459
29,386
31,277
521,583
426,544
408,671
445,834
959,639
903,656
(46,163)
(38,770)
913,476
864,885
1,317,831
1,282,344
170,484
204,632
910,497
1,011,070
236,849
66,642
1,317,831
1,282,344
The charity
417,459
31,277
426,544
445,834
903,656
(38,770)
864,885
1,282,344
204,632
1,011,070
66,642
1,282,344

The financial statements were approved by the Board of Directors and were signed on its behalf by:

___ ___ I M Andrews - Director and Trustee Date Company number: 06955996 Charity number: 1131467

The notes on page 15 to 23 form part of these accounts.

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ONE CHURCH

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2024

Note 2024 2023
£ £
Cash flows from operating activities:
Net cash provided by (used in) operating activities A 42,994 52,979
Cash flows from investing activities:
Dividends, interest and rents from investments 21,003 14,455
Purchase of property, plant and equipment (9,090) -
Purchase of cash investments that mature after three months (95,038) (7,651)
Net cash provided by (used in) investing activities (83,125) 6,804
Change in cash and cash equivalents in the year (40,131) 59,782
Cash and cash equivalents at the beginning of the year B 468,135 408,352
Cash and cash equivalents at the end of the year B 428,004 468,135
The charity has no borrowings and an 'Analysis of changes in net debt' has not been presented.
Note A: Reconciliation of net income/(expenditure) to net cash flow from operating activities
2024 2023
£ £
Net income/(expenditure) for the reporting period (as per the statement of
financial activities) 33,746 68,779
Adjustments for:
Depreciation charges 22,194 19,164
Dividends, interest and rents from investments (21,003) (14,455)
(Increase)/decrease in debtors 891 (10,080)
Increase/(decrease) in creditors 7,164 (10,430)
Net cash provided by (used in) operating activities 42,994 52,979
Note B: Analysis of cash and cash equivalents
2024 2023
£ £
Bank current accounts 74,290 118,500
Bank deposits 352,965 348,901
Petty cash 749 735
Total cash and cash equivalents 428,004 468,135

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ONE CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

These financial statements are prepared on a going concern basis, under the historical cost convention. They consolidate the results of he charitable company and its subsidiary One Community Gloucester ('OCG') on a line by line basis. OCG is limited by guarantee and is therefore not owned by the charity. Nonetheless its result have been consolidated as it operates to further the mission of the charity and the two charities share the same trustees. When they exist, transactions and balance between the charitable company and its subsidiary are eliminated from the consolidated financial statements. A separate statment of financial activities for the charitable company itself is not presented because the charitable company has taken advantage of the exemption afforded by section 408 of the Companies Act 2006.

The charity considers that it has two separately identifiable charitable activities namely the usual activities of a church (undertaken by the One Church charity) and the provision of sheltered accommodation to women (undertaken by One Community Gloucester). The principles adopted in the preparation of the financial statements are set out below.

a) Going Concern The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

a) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor. b) Donations in kind. Donated facilities, services, fixed assets and goods are recognised as income when receivable at their value to the charity. The charity has relied significantly upon volunteers in carrying out its activities during the year. In accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from conferences, events, courses, mission trips and the provision of sheltered accommmodation.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably. The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity. The cost of raising funds is not significant and has not been separately disclosed.

The charity's overheads have been have been disclosed separately in the notes under the heading 'Costs incurred on support and governance' and represent the separate support costs of the two entities consolidated in these financial statements.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the audit of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

Page 15

ONE CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2 Accounting Policies continued

d) Funds

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £5,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold property in Gloucester Over 50 years Freehold property in Bristol Over a prudent estimate of its useful life, which is currently 5 years Equipment Between 3 and 7 years

The trustees note that the Bristol property (which was donated to the charity in 2019) comes with restrictive covenants that reduces its assessed value.

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Cash at bank , cash in hand and current asset investments Cash at bank and cash in hand comprises cash that can either be accessed immediately or at short notice. It includes petty cash, cash in bank current accounts and bank deposits that mature within three months.

Current asset investments comprise bank deposits and other cash investments that mature after three months. Current asset investments are recognised at fair value, which is generally their market value at the balance sheet date.

g) Pension scheme arrangements The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

h) Taxation The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

i) Financial instruments The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive).

j) Critical accounting estimates and areas of judgement The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

3 Donations and legacies

Donations and legacies
Donations of cash & similar
Gift aid recoverable
Local government grants
Income from charitable activities
In respect of church activities
Thrive youth conference
Mission trips
Other events and activities
Providing sheltered accommodation		 2024
£
772,909
130,712
-
903,621
2024
£
101,925
16,658
59,148
177,731
36,616
214,347		 2023
£
641,742
105,899
2,700
750,341
2023
£
68,669
13,493
56,493
138,655
37,707
176,362

4 Income from charitable activities

Page 16

ONE CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5 Charitable expenditure

a
Direct expenditure on charitable activities
In respect of church activities
Staff, contractors & volunteer costs
Training
Youth and children
Community projects
Other departments
Events
Mission trips
Grants & missions support (note 6)
Providing sheltered accommodation:
Property rental, utilities and other services
Staff & volunteer costs
Total direct expenditure on charitable activities
b
Support & Governance
In respect of church activities
Governance costs
Auditor's remuneration
Independent examiners fee
Other governance expenses
Central support
Premises
Building project
Depreciation (see note 8)
Independent examiner's fee
Other governance costs
Total Support & Goverance
Total expenditure
Providing sheltered accommodation		 2024
£
383,836
28,704
133,083
9,905
77,897
34,380
667,804
25,723
51,264
76,987
744,791
22,677
14,444
37,121
781,912
15,000
-
2,400
17,400
69,577
75,681
137,226
22,194
322,077
1,200
34
1,234
323,311
1,105,224		 2023
£
368,728
32,458
95,192

14,624
44,082
23,087
578,171
23,069
32,992
56,061
634,231
27,188
14,638
41,826
676,058
-
5,160
-
5,160
52,489

68,131
50,163

19,164
195,106
1,200
13
1,213
196,319
872,377

We continued to explore options for improving our church building in Gloucester and this year we spent £137,226 (2023: £50,163) on this project.

In the previous year the fee payable to the independent examiner for preparing and examining the accounts was £6,360; in addition in the previous year the charity paid £1,624 to Stewardship for payroll bureau and consultancy services.

Page 17

ONE CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6 Grants and mission support

ts and mission support
Missions support
Relief of hardship
The comparatives for the previous year are as follows:
Missions support
Relief of hardship
The charity's principal grants to institutions comprised:
Navotas AOG church Talim Island, Philippines
Assemblies of God
Top Kids
73rd Trust
Life Church Austria
East West Ministries
Tearfund
Other small grants		 Institutions
£
16,165
1,670
17,835
Institutions
£
13,860
795
14,655		 Individuals
£
33,430
-
33,430
Individuals
£
17,737
600
18,337
2024
£
9,135
-
2,200
1,700
1,200
1,200
-
2,400
17,835		 2024
£
49,594
1,670
51,264
2023
£
31,597
1,395
32,992
2023
£
10,190

1,570
2,950
1,200
1,200
1,200
(5,500)
1,845
14,655

7 Analysis of staff costs, the cost of key management personnel and trustee remuneration

ysis of staff costs, the cost of key management personnel and trustee remuneration
Gross wages and salaries
Employer NI
Pension costs		 2024
£
344,217
22,747
20,347
387,311		 2023
£
331,533
18,329
21,923
371,785

In the previous year termination payments totalling £10,000 (2024: £nil), which comprised ex-gratia payments made to staff members when they left. Termination payments are charged when the liability or obligation arises.

The average monthly number of employees during the year was 17.75 (2023: 18.5). This equated to 12.5 (2023: 11.5) full time equivalent employees. Most of the charity's activates are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum (2023: nil).

The charity's key management comprise the trustees and the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:

benefits payable to key management for the year were as follows:
Rev S A Jarvis (trustee)
A Jarvis (wife of a trustee)
The following amounts were payable in the previous year:
Rev S A Jarvis (trustee)
A Jarvis (wife of trustee)		 Wages &
salaries
39,788
14,971
54,759
Wages &
salaries
38,156
14,361
52,517		 Employer
pension
contributions
8,360
749
9,108
Employer
pension
contributions
8,019
718
8,737		 2024
£
48,148
15,720
63,868
2023
£
46,175
15,079
61,255

Rev S A Jarvis serves as a church leader and received the above payments for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.

Page 18

ONE CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

8 Tangible Fixed Assets

ONE CHURCH
FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS
Tangible Fixed Assets		 ONE CHURCH
FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS
Tangible Fixed Assets		 ONE CHURCH
FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS
Tangible Fixed Assets
Freehold
Equipment
Total
Land and buildings
& Fittings
2024
£
£
£
Cost
At 1 January 2024
538,557
358,270
896,827
Additions
-
9,090
9,090
At 31 December 2024
538,557
367,360
905,917
Accumulated depreciation
At 1 January 2024
121,098
358,270
479,368
Charge for the year
19,164
3,030
22,194
At 31 December 2024
140,262
361,300
501,562
Net book value
At 31 December 2024
398,295
6,060
404,355
At 31 December 2023
417,459
-
417,459
The Group and the charity
Equipment
& Fittings
£
358,270
9,090
367,360
358,270
3,030
361,300
6,060
-
905,917
479,368
22,194
501,562
404,355
417,459

Freehold land and buildings includes a property that was donated by One Church Bristol in 2019. The property came with restrictive covenants and its residual value is believed to be very low. The trustees estimated the property's fair value at £50,000 by assessing its value in use, being an estimate of the rent the charity would pay for similar premises over the property's useful life.

9 Debtors

Gift aid tax recoverable
Other debtors
Prepayments
10
Current asset investments
11
Cash at Bank and in Hand
Bank current accounts
Bank deposits
Petty cash
12
Creditors: liabilities falling due within one year
Trade Creditors
Accruals
Deferred Income
Grant obligations
Cash deposits and similar cash investments maturing
after three months		 2024
2023
£
£
11,878
7,921
3,058
2,945
15,450
20,411
30,386
31,277
2024
2023
£
£
521,583
426,544
2024
2023
£
£
74,290
118,500
352,965
348,901
749
735
428,004
468,135
2024
2023
£
£
19,417
24,516
18,600
6,480
7,695
8,892
1,835
496
47,547
40,383
The Group
The Group
The Group
The Group		 2024
2023
£
£
11,878
7,921
2,058
2,945
15,450
20,411
29,386
31,277
2024
2023
£
£
521,583
426,544
2024
2023
£
£
54,957
181,199
352,965
263,901
749
735
408,671
445,834
2024
2023
£
£
19,233
24,103
17,400
5,280
7,695
8,892
1,835
496
46,163
38,770
The Charity
The Charity
The Charity
The Charity		 2024
2023
£
£
11,878
7,921
2,058
2,945
15,450
20,411
29,386
31,277
2024
2023
£
£
521,583
426,544
2024
2023
£
£
54,957
181,199
352,965
263,901
749
735
408,671
445,834
2024
2023
£
£
19,233
24,103
17,400
5,280
7,695
8,892
1,835
496
46,163
38,770
The Charity
The Charity
The Charity
The Charity
38,770

Deferred income comprises income received in advance for charitable activities (such as training, mission trips and camps) that are not due to take place until the new financial year when it will be released to income.

Page 19

ONE CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

13 One Community Gloucester

The principal activity of One Community Gloucester (whose company number is 07034027 and whose charity number is 1137837) is the provision of sheltered accommodation to women. A summary of the reuslts of this charity is shown below:

Income mainly from the provision of sheltered accommodation
Expenditure on charitable activities
Net deficit
Total funds brought forward
Total funds carried forward
Current assets
Creditors: amouns falling due within one year
The assets and liabilities of the trading subsidiary were:		 2024
£
36,616
(38,356)
(1,740)
20,689
18,949
2024
£
20,333
(1,384)
18,949		 2023
£
37,707
(43,039)
(5,332)
26,021
20,689
2023
£
22,302
(1,613)
20,689

There were no financial transactions with One Community Glouceter during the year or in the previous year.

14 Parent charity

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

2024 2023
£ £
Gross income 1,102,355 903,450
Result for the year 35,486 74,113

Page 20

ONE CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

15 Designated funds

During the year the movements in the charity's designated funds were as follows:

Bank reserve designated fund
Contingency reserve
Kids
Youth
Expansion
Building
Network
Locations
Sheltered accommodation
Fixed assets designated fund		 Opening
balance
2024
£
150,000
-
-
34,298
417,313
2,000
-
20,689
624,300
407,459
1,031,759		 Incoming
resources
2024
£
-
20,097
100,450
-
-
13,433
17,677
35,616
187,272
-
187,272		 Outgoing
resources
2024
£
-
(20,097)
(100,450)
-
(137,226)
(13,433)
(17,460)
(38,356)
(327,021)
(9,164)
(336,185)		 Transfers
in the year
2024
£
-
-
-
-
45,600
-
-
-
45,600
-
45,600		 Closing
balance
2024
£
150,000
-
-
34,298
325,687
2,000
217
17,949
530,151
398,295
928,446

As in the previous year, the charity continued to make monthly transfers from the General fund to the Building fund.

In the previous year the movements in the charity's designated funds were as follows:

Bank reserve designated fund
Contingency reserve
Kids
Youth
Expansion
Building
Network
Locations
Sheltered accommodation
Fixed assets designated fund		 Opening
balance
2023
£
150,000
-
-
42,060
431,000
-
-
26,021
649,081
416,623
1,065,704		 Incoming
resources
2023
£
-
17,167
79,880
-
-
9,898
17,930
37,707
162,582
-
162,582		 Outgoing
resources
2023
£
-
(17,167)
(79,880)
(7,762)
(44,087)
(7,898)
(16,028)
(43,039)
(215,861)
(9,164)
(225,025)		 Transfers
in the year
2023
£
-
-
-
-
30,400
-
(1,902)
-
28,498
-
28,498		 Closing
balance
2023
£
150,000
-
-
34,298
417,313
2,000
-
20,689
624,300
407,459
1,031,758

Information about the charity's designated funds

The Contingency reserve represents funds set aside by the trustees to help ensure that the charity could continue to operate without disruption should income and / or expenditure vary unexpectedly.

Separate Kids and Youth designated Funds were established at the beginning of 2020 to help ensure that funds were set aside for these purposes. These funds are ultimately underwritten by the General Fund.

The Expansion fund represents funds set aside by the trustees to support new initiatives.

The Building fund represents funds set aside by the trustees to help refurbish and improve the current central campus or to help fund the purchase of a new central campus.

The Network fund represents funds set aside by the trustees for activities and events such as the We Are One conference that promote the vision of the church.

The Location fund represents funds set aside by the trustees activities that help support the growth of the communities that meet at the charity's various locations.

The Fixed asset fund represents resources invested in property which are not immediately available for the charity's day to day activities.

The Sheltered accommodation fund represents funds set aside by the trustees for the provision of sheltered accommodation to women.

Page 21

ONE CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

16 Restricted funds

During the year the movements in the charity's restricted funds were as follows:

Mission funds:
Mission support
Mission trips
Fixed asset fund
Coaching network fund
Expansion fund
Thrive fund
Location fund
Youth fund
Building project fund
Community café fund		 Opening
balance
2024
£
10,449
-
10,449
10,000
3,901
37,881
3,871
382
159
-
-
66,642		 Incoming
resources
2024
£
24,937
16,658
41,595
-
1,009
3,687
2,684
5,320
-
187,679
1,000
242,974		 Outgoing
resources
2024
£
(23,777)
(16,658)
(40,436)
(10,000)
(923)
(12,141)
(3,813)
(3,896)
(159)
(400)
-
(71,767)		 Transfers
in the year
2024
£
-
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2024
£
11,609
-
11,609
-
3,987
29,426
2,742
1,805
-
187,279
1,000
237,850

In the previous year the movements in the charity's restricted funds were as follows:

Mission funds:
Mission support
Mission trips
Fixed asset fund
Coaching network fund
Expansion fund
Thrive fund
Location fund
Youth fund		 Opening
balance
2023
£
13,084
-
13,084
20,000
3,855
10,274
2,479
-
-
49,692		 Incoming
resources
2023
£
18,568
13,493
32,061
-
720
27,930
3,904
6,527
906
72,047		 Outgoing
resources
2023
£
(21,372)
(13,493)
(34,865)
(10,000)
(674)
(323)
(2,512)
(6,145)
(747)
(55,266)		 Transfers
in the year
2023
£
170
-
170
-
-
-
-
-
-
170		 Closing
balance
2023
£
10,449
-
10,449
10,000
3,901
37,881
3,871
382
159
66,642

Transfers have been made from the General fund to Restricted funds so that no restricted funds were in deficit at the year end.

Information about the charity's restricted funds

The Mission fund was created from donations received to help support a variety of organisations and individuals which share the charity's aims and objectives; for the most part this comprised support for overseas missions.

The restricted Fixed asset fund was created by the donation of a property by One Church Bristol; there is a restrictive covenant on the land and the building may only be used as a church or as a church hall.

The restricted Coaching network fund was created from donations received to help the charity provide coaching and support to other leaders.

The Expansion fund was created from donations received to help support new initiatives.

The Thrive fund was created from donations received to help support a camp organised to help young people grow in their faith.

The Location fund was created from donations received to help support the growth of the communities that meet at the charity's various locations.

The Youth fund was created from donations received to help support the church's work with young people

The Builidng project fund was created from donations received to help improve our church building in Gloucester

The Community café fund was created from a grant received to help with a new community café.

Page 22

ONE CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

17 Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

ysis of net assets by fund
assets and liabilities of the various funds were as follows:
Tangible fixed assets
Debtors
Investments
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
6,060
398,295
13,799
656
11,032
-
532,614
196,381
-
(34,725)
(3,119)
170,483
928,446
Unrestricted Funds		 Restricted
funds
£
-
15,931
-
231,623
(9,704)
237,850		 2024
£
404,355
30,386
521,583
428,004
(47,547)
1,336,780

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Investments
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
-
407,459
16,619
367
-
426,544
199,473
211,006
(11,460)
(13,619)
204,632
1,031,758
Unrestricted Funds		 Restricted
funds
£
10,000
14,291
-
57,656
(15,305)
66,642		 2023
£
417,459
31,277
426,544
468,135
(40,383)
1,303,032

18 Transactions with related parties

During the year the charity:

Name of relatedparty
C Bright (the son-in-law of a trustee)
L Andrews (the wife of a trustee)		 Serviceprovided
employed as marketing contractor
employed as finance manager		 2024
£
5,461
15,364		 2023
£
5,238
13,737

Except as disclosed in note 7 'Analysis of staff costs', there have been no other transactions with related parties during the year.

19 Legal status of the charity

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

Page 23