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2024-12-31-accounts

One Community Gloucester

Report and Accounts Year ended 31 December 2024

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

ONE COMMUNITY GLOUCESTER

FOR THE YEAR ENDED 31 DECEMBER 2024

COMPANY INFORMATION

Directors/Trustees

I M Andrews J Hubbard Rev S A Jarvis O Opaleye N Pettifer C G Williams

Company Secretary

T Geatches

Governing Document

Memorandum and Articles of Association Sept 2009 as amended by special resolution dated 24 May 2010

Company Registration Number 07034027 (England and Wales) Charity Registration Number 1137837 Registered Office c/o One Church off Baneberry Road Gloucester GL4 6NY

Independent Examiner

Archie McDowall BA, CA Stewardship 1 Lamb's Passage London, EC1Y 8AB

Bankers

Co-operative Bank Plc

CONTENTS

Page
Company Information 1
Directors' Report 2 - 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11 - 14
Detailed Statement of Financial Activities with Comparatives 15

Page 1

ONE COMMUNITY GLOUCESTER

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2024

Governing document

One Community Gloucester is a company limited by guarantee and a registered charity. It is governed by its Memorandum and Articles of Association. The company was incorporated on 29th September 2009 and was granted charitable status on 7th September 2010.

Objectives of the charity

The objectives of One Community Gloucester are for the benefit of the public, and include:

(a) to prevent or relieve poverty in such ways or in such parts of the UK or the world as the directors may from time to time think fit.

(b) to advance education in such ways and in such parts of the UK or the world as the directors may from time to time think fit.

(c) to advance citizenship and community development in such ways and in such parts of the United Kingdom as the directors may from time to time think fit.

(d) disadvantage in such ways and in such parts of the United Kingdom or the world as the directors may from time-to-time think fit.

(e) to advance health and saving of lives in such ways and in such parts of the UK or the world as the directors may from time to time think fit.

(f) to provide advice and support to those in need in connection with (but not without limitation) interpersonal relationships, bereavement, employment and training, housing, health and financial matters.

(g) to further such other purposes that are recognised as charitable under the laws of England and Wales and any new charitable purposes which are similar to another charitable purpose as the directors see fit from time to time.

Summary of the charity's main activities and achievements

One Community Gloucester is a multifaceted Christian-based charity serving local, national and international needs. It is a charitable arm of One Church and was established in 2010 to help further the work of One Church working locally in our city, nationally in the UK and internationally.

to vulnerable women. The charity's main activities and achievements are outlined below.

In planning the activities, the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Page 2

One Church Housing

This year, we have focused on developing strong relationships with key contacts throughout Gloucestershire to establish a reliable referral network. As a result, we have been able to keep all three rooms consistently occupied, reducing downtime and ensuring that individuals in need have prompt access to safe, supportive housing.

In 2024, we welcomed four residents into the house—each bringing unique success stories as well as challenges that required additional support and rehabilitation. For example, one resident pursued further education at Mattersey Hall, Green Pastures, enhancing her skills in Health & Social Care and Theology. Her progress highlights how our project can serve as a catalyst for personal transformation and community uplift.

Naturally, challenges arose this year. Some residents experienced interpersonal tensions and complex mental health needs, which occasionally strained relationships within the house. Although our Housing Manager does not live on the premises, we put robust support measures in place to ensure everyone felt heard, valued, and safe. This proactive approach not only helped resolve conflicts but also built a more resilient, mutually supportive community.

Team nights have been invaluable for our dedicated volunteers, offering an opportunity to share insights, provide advice, and serve as a consistent support system for one another. An experienced volunteer has been playing a pivotal role, assisting with challenging resident meetings, conducting interviews for future residents, and leading our monthly team gatherings. This collaboration reinforces our commitment to long-term development and service excellence.

The Maintenance Team has also made a significant impact throughout 2024, dedicating their time and skills to a range of tasks—from repairing door handles, weeding the front driveway, to facilitating access to the attic. Their hands-on contributions have not only reduced operational costs but have also fostered a strong sense of community pride and cooperation.

In total, we housed four residents and fielded five inquiries this year. The stability of our tenancy, with minimal turnover, is a clear indicator of the trust and confidence our residents have in the support we provide.

Challenges and Opportunities for Growth

Balancing Eligibility and Evolving Needs: Our model requires residents to meet a high threshold of need for ESA housing benefit (such as probation, recent addiction, domestic abuse, or homelessness), yet also necessitates a degree of semi-independence so that support can be managed through several weekly contact points. As residents feel safer and begin to process past traumas, they sometimes develop additional needs beyond our current capacity. Addressing these evolving requirements— finding more suitable accommodation or facilitating a transition to independent living—remains a challenge, underscoring the need for innovative housing solutions and stronger community partnerships.

Page 3

housing pathways, aligning our support with broader community services. This initiative promises to enhance fairness and provide a smoother transition for residents as they work towards greater independence.

This comprehensive effort not only strengthens our housing project but also enriches the local community by providing a safe, supportive environment where residents can overcome personal challenges and contribute positively to society.

Statistics

Statstcs
Referrer Housed
(to end of 2024)
Successes
Current Status
Resident A Teen
Challenge
24 months Atending church,
currently completng
college course
Moved to Matersey
Bible College.
Resident B Teen
Challenge
10 months Atending church,
getng baptsed and
volunteering
opportunites
Currently moving to
another Green
Pastures locaton.
Resident C Nelson’s Trust 7 months
Volunteering
opportunites,
atending Church,
cookingmeals.
Moving into Rehab
facility due to
relapse.
Resident D YMCA
Cheltenham
8 months Volunteering
opportunites,
improvement in family
connectons, support
with budgetng and
spending
Currently living at
the house.

Measurable Outcomes for 2024

Measurable Outcomes for 2024
OUTCOME NUMBER OF RESIDENTS
Residents who found work
0
Residents actvelyengaged in their supportplan
4

Residents engaged in some meaningful actvity
4

Residents who are abstnent from their addicton
2

Residents accessingfurther educaton
1

its future. We are seeking guidance from external providers and Green Pastures, to further develop sustainability, while supporting staff and volunteer well-being. Continuing to recruit, train and look after our team will remain a focus. As a management team, we are planning steps to have a second house with Green Pastures. This would possibly be for a Male Dry House to support others within our community. We still need to develop sustainability within team and recruit additional volunteers before this is a viable option due to the high need of the mentors role. It is also important to build the relationship with the Council so that we are recognised as a facility that can move individuals on to Independent Living. This would open up so many options and opportunities for the residents as private rent isn’t always an option for them due to their low income.

Page 4

The Trustees have considered the requirements of the Charities Act to ensure that the Charity meets its obligations in respect of Public Benefit. The Trustees believe that the above report demonstrates the Charity’s commitment to the community in which it is based, its achievements during the year and its future plans. This in their opinion satisfies the requirement of Public Benefit.

Structure, Governance and Management

Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the trustees/directors who meet regularly to monitor the activities of the charity.

Responsibility for the day to day operation of the charity has been delegated to a senior management team led by Tom Geatches and the Housing Manager.

New trustees are recruited and appointed by the existing trustees, by a majority vote.

Financial Review

During the year, our income decreased by £1,091 to £36,616, while expenditure fell by £4,684 to £38,356. The majority of our income comes from housing benefits received for our residents. In 2024, we collected £33,475 in housing benefits (compared to £35,425 in 2023), a slight decrease attributed to ending the year with only one resident in the house.

Our expenditure dropped by 11% (£4,684 less) thanks to the careful management of our new housing manager, who has been diligently refining contracts and services to secure the best value. This reduction is also largely due to our dedicated volunteers, whose support in maintaining the property has significantly reduced our reliance on costly professional services.

without needing extra support from One Church. Although the project finished the year with a small deficit, this outcome demonstrates a year of recovery and effective management – notably by minimising vacancies between residents. Looking ahead, we are working with Green Pastures to secure a second house, which is likely to expand the project in 2025.

decreased by the same amount to £18,949. These net assets include £19,333 in cash, almost all of which is unrestricted.

Grant Making Policy

Gifts to external organisations and individuals are considered by the Trustees on the basis of need and the fulfilment of the charitable objectives. There are no upper or lower limits of support.

Going concern

The trustees, having reviewed all financial and other obligations expect the charity to continue to operate as normal for the foreseeable future.

One Church remains fully supportive of the project and together we will continue to review on-going viability.

Page 5

Reserves policy

The trustees/directors have determined that the charity should aim to hold cash of no less than £10,000, which equates to about 3 months of expenditure so that the charity could continue to operate should income and /or expenditure vary adversely. At the year end, the charity held cash of £19,333 and the charity is complying with its reserves policy.

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

All major insurance risks are subject to normal volunteer insurance. Contractual risks are reviewed before being entered into, to assess that they could not significantly impact upon the charity’s ability to fulfil its objectives.

An annual review of all areas of risk is undertaken by the trustees/directors in conjunction with volunteers responsible for the area of activity.

Responsibilities of trustees under company law

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

a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, 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;

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

  5. 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 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.

Page 6

Approval

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:

Ian Andrews

………………………………………………… Ian Andrews (Aug 14, 2025 23:41:26 GMT+1)

I M Andrews - Director and Trustee

Date: Aug 14, 2025

Page 7

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

ONE COMMUNITY GLOUCESTER

('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024 on pages 9 to 15 following, which have been prepared on the basis of the accounting policies set out on pages 11 and 12.

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:

  1. 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

  4. 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.

Archie McDowall

Archie McDowall (Aug 15, 2025 11:09:08 GMT+1)

Archie McDowall BA, CA Stewardship 1 Lamb's Passage London, EC1Y 8AB

Date: Aug 15, 2025

Page 8

ONE COMMUNITY GLOUCESTER

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
INCOME AND ENDOWMENTS FROM
Donations and Grants
3
Charitable activities
4
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
10
Unrestricted
Funds
£
-
35,516
35,516
38,285
38,285
(2,769)
-
(2,769)
20,689
17,920
Restricted
Funds
£
1,100
-
1,100
71
71
1,029
-
1,029
-
1,029
Total
Funds
2024
£
1,100
35,516
36,616
38,356

38,356
(1,740)
-
(1,740)
20,689
18,949
Total
Funds
2023
£
24
37,683
37,707
43,039
43,039
(5,332)
-
(5,332)
26,021
20,689

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 pages 11 to 15 form part of these accounts.

Page 9

ONE COMMUNITY GLOUCESTER

BALANCE SHEET

AS AT 31 DECEMBER 2024

Note
CURRENT ASSETS
Debtors
7
Cash at bank
8
CREDITORS: Amounts falling due
within one year
9
FUND BALANCES
Unrestricted funds
General funds
Designated housing fund
Restricted Funds
10
NET CURRENT ASSETS AND
TOTAL NET ASSETS
Unrestricted
Funds
£
1,000
18,304
19,304
(1,384)
17,920
-
17,920
-
17,920
Restricted
Funds
£
-
1,029
1,029
-
1,029
-
-
1,029
1,029
Total funds
2024
£
1,000
19,333
20,333
(1,384)
18,949
-
17,920
1,029
18,949
Total funds
2023
£
-
22,301
22,301
(1,613)
20,689
-
20,689
0
20,689

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

Ian Andrews (Aug 14, 2025 23:41:26 GMT+1)Ian Andrews Aug 14, 2025 ----------------------------------------------------------------------------I M Andrews - Director and Trustee Date

Company number: 07034027 (England and Wales)

Charity number: 1137837

The notes on pages 11 to 15 form part of these accounts.

Page 10

ONE COMMUNITY GLOUCESTER

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

The accounts have been prepared under the historic cost convention and 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.

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.

The principles adopted in the preparation of the financial statements are set out below.

a) 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 charitable activities represents income receivable from providing accommodation in furtherance of the charity's charitable objects.

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.

b) Expenditure

The charity sometimes 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.

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 independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

Page 11

ONE COMMUNITY GLOUCESTER

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2 Accounting Policies continued

e) Leased assets

g) Cashflow statement The company has taken advantage of the exemption provided by the Charities SORP and has not prepared a Cash Flow Statement for the year.

h) 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).

3 Donations & Grants

Donations and grants
4
Providing accommodation
5
Charitable expenditure
Property rental, utilities and other services
Staff & volunteer costs
Governance
Charitable Activities
Unrestricted
Funds
£
-
Unrestricted
Funds
£
35,516
Unrestricted
Funds
£
22,606
14,444
1,234
38,285
Restricted
Funds
£
1,100
Restricted
Funds
£
-
Restricted
Funds
£
71
-
-
71
Total
2024
£
1,100
Total
2024
£
35,516
Total
2024
£
22,677
14,444
1,234
38,356
Total
2023
£
24
Total
2023
£
37,683
Total
2023
£
27,188
14,638
1,213
43,039

The fee payable to the independent examiner for preparing and examining the accounts was £1,200 (2023: £1,200); in addition, the charity paid £489 (2023: £536) to Stewardship for payroll bureau services.

6 Staff costs and trustee remuneration

During the year the average number of part time employees was 1 (2023: 1.6). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

No trustees received employment benefits in either the current or preceding year.

Page 12

ONE COMMUNITY GLOUCESTER

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7 Debtors

Grants receivable
Cash at bank
itors: amounts falling due within one year
Trade creditors
Accruals
h at bank and in hand
2024
£
1,000
1,000
2024
£
19,333
2024
£
184
1,200
1,384
2023
£
-
-
2023
£
22,301
2023
£
413
1,200
1,613

8 Cash at bank and in hand

9 Creditors: amounts falling due within one year

10 Restricted funds

During the year the movements in the charity's restricted fund was as follows:

Opening
balance
2024
£
Residents fund
-
Community café fund
-
-
e previous year the movements in the charity's restricted
Opening
balance
2023
£
Residents fund
5
Incoming
Outgoing
resources
resources
2024
2024
£
£
100
(71)
1,000
-
1,100
(71)
fund was as follows:
Incoming
Outgoing
resources
resources
2023
2023
£
£
-
(5)
Transfers
in the year
2024
£
-
-
-
Transfers
in the year
2023
£
-
Closing
balance
2024
£
29
1,000
1,029
Closing
balance
2023
£
-

In the previous year the movements in the charity's restricted fund was as follows:

The restricted Residents fund was created from a grant received to help give Christmas gifts to residents. The restricted Community café fund was created from a grant received to help with a new community café.

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

Debtors
Cash at bank and in hand
Creditors falling due within one year
General
Designated
funds
funds
£
-
-
-
19,233
-
(1,313)
-
17,920
Unrestricted funds
Restricted
funds
£
1,000
100
(71)
1,029
2024
£
1,000
19,333
(1,384)
General
funds
£
-
-
-
-
18,949

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

Cash at bank and in hand
Creditors falling due within one year
General
Designated
funds
funds
£
1,200
21,101
(1,200)
(413)
-
20,689
Unrestricted funds
Restricted
funds
£
-
-
-
2023
£
22,301
(1,613)
General
funds
£
1,200
(1,200)
-
20,689

Page 13

ONE COMMUNITY GLOUCESTER

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

12 Operating lease commitments

The charity has an operating lease for a residential property that is used to provide supported housing to vulnerable women. This lease can be terminated with 12 month's notice and the rent payable for that 12 month period is expected to be £15,466 (2023: £15,466).

During the year the charity was charged £15,466 (2023: £16,873) for its operating lease.

13 Transactions with related parties

No donations were received from related parties during the year.

Except for the reimbursement of expenses incurred when acting as agent for the charity, no expenses were paid to (or for) the trustees.

As explained below, the charity is controlled by One Church. From time to time One Church makes payments for the charity, which the charity reimburses. Except for this, there have been no other transactions with One Church in the current year, or in the previous year.

13 Members

Each member of the company commits to contribute if the charity is wound up an amount of £1.

14 Ultimate controlling party

The charitable company and One Church share the same trustees and the the charity operates to help further One Church's overall mission. One Church operates as a church and is the ultimare parent and controlling entity. One Church is a registered charity (number 1131467) and is a company limited by guarantee (number: 06955996). The charitable company's results are included in the consolidated financial statements preparred by One Church and are avaliable from the Charity Commission.

Page 14

ONE COMMUNITY GLOUCESTER

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
INCOME AND ENDOWMENTS FROM
Donations and grants
3
Charitable activities
4
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
10
General
Designated
Funds
Funds
2024
2024
£
£
-
-
-
35,516
-
35,516
-
38,285
-
38,285
-
(2,769)
-
0
-
(2,769)
-
20,689
-
17,920
Unrestricted Funds
Restricted
Funds
2024
£
1,100
-
1,100
71
71
1,029
-
1,029
-
1,029
Total
Funds
2024
£
1,100
35,516
36,616
38,356
38,356
1,740
-
-
1,740
-
20,689
18,949
General
Designated
Funds
Funds
2022
2023
£
£
-
24
-
37,683
-
37,707
1,213
41,821
1,213
41,821
(1,213)
(4,114)
596
(596)
(617)
(4,711)
617
25,399
-
20,689
Unrestricted Funds
Restricted
Funds
2023
£
-
-
-
5
5
(5)
-
(5)
5
0
Total
Funds
2023
£
24
37,683
37,707
43,039
43,039
(5,332)
-
5,332
-
26,021
20,689
#
General
Funds
2024
£
-
-
-
-
-
-
-
-
-
-

The charity's only designated fund is the designated housing fund. This was created from income (mainly housing benefit) set aside by the trustees for the provision of accommodation and support to vulnerable women. Expenditure incurred in respect of this activity is charged to this fund.

Page 15