REGISTERED COMPANY NUMBER: 10286979 IEn8land and Wale51
REGISTERED CHARITY NUlaBER: 1170291
FTnandal Staternents
for the Year Ended
31 December 2023
for
One Churth Lelcester
The Rowley Partnership Ltd
Chortered Accountants
Charnwood House
Harcourt Way
Merfdlan Business Park
Lèicester
LE19 1WP

One Church Lelcester
Cohtents of thg Flnancial Ststements
for the Year Ended 31 December 2023
Page
Reference and administrative details
Tru5tee5' report
Report of Independent Auditors
statement ol finanaal &tivitie5
10
Balanie sheet
11
ash Flow Statement
12
Nntw trt the Cash Flow Ststement
12
Note5 to the Flnanclal Statements
13-25
Detailed Statement of Financial Actlvities
26.27

One Church Lelce5ter
Reference and admlnlstratlve detalls
for the Year Ended 31 December 2023
TRUSTEES
Rev D Hlnd {Minister of Religion)
C Jewitt IHR Manager)
Resigned 1511124
Rev J A Prestwich {MlnlstÈr of Religiow))
P A John (Retlredl
A C Elton (Retired)
F Okonkwo
J Ower5
Appointed 1315123
Appointed 1511124
Appointed 1511124
REGISTERED OFFICE
One Centre
10 Frog Islarmj
Leicester
LE3 SAG
REGISTERED COMPANY NUMBER
10286979 IEn8land and Wales)
REGISTERED CHARrrY MUMBER
1170291
INDEPENDENT AUDITOR
The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Hèrcourt Way
Meridian Business Park
Lelce51er
LE19 1WP

One Church Leicester
Report of the Trustee5
for the Year Ended 31 December 2023
2023 Annual Report
The rrustees who are a150 directors of the charity for the purpose5 of the Companies Act 2006,
present their report with the financ>al statements of the charity for the year ended 31 December
2023. The Trustees have adopted the provisions of Accounting and Reporting by Charitie5.'
Statement of Recommended Pract7ce applicable to charlties preparing thelr accounts In accordance
with the Financial Reporting Standard applicable in the iJK and Republic of Ireland
IFRS102lleffectlve 1 January 20191.
The Ilnarncial statements have bpen prepared In accordance wth the accounting policies Sel out In
the note5 to the accounts and comply with the charity's governing document, the Charities Act 2011
and Accountlng and reporting by Charitie5: Statement of Recommended PractTce applicable to
charities preparing their account5 In accordance with the Flnancial Reporting Standard applicable in
the UK and Republic of Ireland publlshed in Ortober 2019.
OBJECTIVES AND ACTIVITIE3
Offlclal Objectlves
• To advance thè Chrlstlan falth In accordance wlth the staremeni In su¢h ways and In such parts of
the United KlngdoTn or the world as the churth leadership from time to time may thlnk fit.
To relieve slckne55 aw)d financial hardship and to promote and preserve good health by the
provision of fund5, goeds or services of any kind including through the provi51on of counselling and
support Tn such parts of the United Kingdorn or the world as the church leader5hlp from tlme to
time may think fit.
To advance education in such ways and Tn such parts of the United Klngdom Dr the worl¢J as the
church leadership fmm time to tlrne may thlnk flr.
Publlc Benefit
rer the maln activities undertaken to furt￿er the charitys purposes for publlc beneflt, the trustees
have had regard to the Chority Commission guidance on public benefit.
Fundraising
The charlty raises significant funds from the publTc but d￿5 not use any professional fundraisers.
ACHIEVEMENTS, PERFOMNCE AND FUTURE PLANS
2023 wa5 an amaring year at One Church in whlch we walked in the blessing 4nd favour of God. We
have seen Jesu5 Constantly at work throughout the year and we ore so grateful for His unmerited
favour. It is our passlon to keep Jesu5 at the Cent￿ of everythlng and His grace ha5 been evident In
a deep way among us.
I would like to ihank ¢)ur aft￿7￿8 team who )long witl) Susan and I serve One Church and ils
mlnistries. It has been humbling to see the Iledication from our Tru5tee5. Elder5, Senior Leadership
Team, Staff and ihe dozen5 of One Church leaders ¥yho have given thelr all thls year for HIS glory.
2023 stretched us as a church and the response of the congregation has been humbling and
inspiring.
Our heart as a church is to Love God. Love People, Love H15 Misslon and Love His Church. This was
displayed beautifully at our Nations Day in October when we celebrated 67 nationalities in Onè

One Church Lelcester
Report of the Trustees
for the Year Ended 31 December 2023
Church and 18 missions, people. organi5atlons and projects we ale privileged to support together,
people of all ages, backgrounds and cultures lifling Jesus, experiencing H75 presence and walking
together.
In January we moved Into the new offlces at the One Centre, that had been developed at the end
of 2022. and began the renovation of the resi of the building. The redemption of pledges from our
incredible Vision Offerlng in 2022 alongside the selling of our HighfSeld5 building and wise financial
management enabled us to open the One Centre in September with every bill paid - Glory lo God. It
is an amazing centre that will be a blessing to One Church. the surrounding area. the body of Christ
and the City of Leicester.
The whole year was blessed:
l. In January 2023 as we closed our main building we asked many people to move to another
One Church Site or move into multiple services in No 12 Frog Island. We were alsu unable to
gather together a5 a whole church for 8 months. The people of One Church were flexible
and KinsdDm mlnded. Thank You so much.
2. During 2023 God also grew the house. A5 w6th any year we said goodbye to friends who
moved away from Leicester but we also saw 249 new adults and children added to One
Church a5 we grew to over 1200 pecple. Each of our 5 Lelcester sites were blessed and we
are so exc?ted to plant a new One Church 5Tte in Loughborough in 2024.
3. 2023 Saw èr amazin4 year of flnancial glving at One Church..
Increased tlthes and offeAngs
Re(iemption of pledges fr(Jm the 2022 Vlslon at over 90%
Gfviny received from the 1023 Vision Offering
Increased giving to Mission
Increased 7nve5tment in Open Hands - including our Christmjs offerfng of over
Over 17% of oui regular givinEt glven away to mi551ons, Open Hands, our
denominatlon and those in need amons u5
4. Our thrivTng childrens, youth and young adults work impacted thousands of lives. Through
community groups. schools work and midweek and Sunday groups we were able to make a
difference, seeing many people find Jesus and be baptised.
5. Our ministry with seniors was further strengthened wlth the beginnlng of Adventurers for
over 60's and Lovlns Later Life for over 70,5.
6. Prayer in One Church was also strengthened through the beginnlng of the Prayer Army. We
are aware we can't do ar¢ything without Jesus at the centre and will further strengthen
prayer In 2024.
7. Our amazing CoFnpas5ion CharTty Open Hands continued to make a deep impact in the city
as It offered love, compasslon and practical help to thousands of people. It Is our honour to
be H15 hands and feet.
8. The Oak CEntre, our Commun?ty Centre in graunstone, had another year of btesslng as It
saw dozens of hFres. ran at a profit and impacted the lotal area.

One Church Leicester
Report of the Trustees
lor the Year Ended 31 December 2023
9. Way Coff&, based in the One Centre opened and was a huge blessing to the church and the
local area. It is a Nyonderful coffee shop.
10. Our many wnall groups continue(I to be a place for famlly, discipleship and reachinft out and
are at the core of our church. Small groups will be a rnajor focus in 2024.
11. We were also PTivileged to furiher lead and develop our work wlth other churche5 in
Leicester. United Breakfast, United Kids and United Youth saw STgnificant numbers of people
from many churches.
In November we had our second Vision Offerin8 and over £325,IJOO was given and pledged. In 2024
this will be invested in 5lrengthening as we
Plant again in 2024
strengthen Open Hand5
flntl God'5 heari for the development ol No 12 ffrog 151ènd
Further.Impact Leicestershire through United
Outwork further build7ng Work at the Oak Centrelone Centre
BegTn to pay Llown the mortgage
Stren¥then OUT reseryes
As we yive thanks for 2023 Susan and l are full of faith and vi5i0n for 2024 and are certain that our
best day5 are ahead.
We are hOTrov￿d to lead this amazing church.
David Hlnd Senior Leader
Financial Review
The account5 on pa%e5 10 . 25 summari5e the income and expenditure during the year ended 31
December 2023 and the state of the charity'5 affairs as at 31 December 2023.
One Church Leicester's maln source5 cf funding were free will offering5 trom the church
congregation thrDugh regular tlthes and offerings, an annual vision offering and Income tax
recovered under the glft ald scheme. In addiiion One Church Leicester sold a property in order to
generate funds to renr>vate the building at 10 Frog Island, Leicester.
Reserve pollcy
The reserves policy for One Church is to rnaintain unrestricted fund5. which are the free reserves of
the church, to coyer three months of expenditure. This 15 in addition to flxed assets held and used
for the Church's aims and pu¥p05es. Thi5 level of reserves should ensure that at any time of the year
the Church Is not reqiJ7red to borrow funds on overdraft from its bankers. Any additional reserves
are generated with a view to fund longer lerni projects. The trustee5 deflne free reserves a5 being
total unrestrlcted current assets less current liabilities. The policy for unrestricted cash reserves
set by trustee5 for 2023 was C140,OOQ. This policy will be reiqewed annually at the time of setting
the budget for the forthcoming year.
Free reseryes èt 31 December 2023 were £175,216

One Church Leicester
Report of the Trustees
for the YeaT Ended 31 December 2023
We malntalned restricted reserves atnountlns to £171,245 at 31 December 2023.
Plan5 for Future Period5
The church continued to grow and flourish through 2023 and this 5Ttuation continues into 2024 with
mamy stones of lives belDg touched and transformed. The numbers of people attending in-per50n
across both morning 5ervke5 continued to increase.
The financial position of the charity also remains Strong wlth the congregation falthfully redeemlng
Vlslon pledges and with unrestricced tithes and offerings maintalnlng strong inflows, in line or
ahead of budget plans. The focu5 for 2024 wll be one of 'Strengthening' 4cr055 multlple areas of
One Church Leicester and the ministries that are supported.
STRUCTURE, GOVERNANCE AND h14NAGEMENT
Governlng document
One Church Leicester is controlled by its soveming thcument Memorandum and Artlcles of
$50ciation incorporated in 19 July 2019, a deed of trust, and constitutes a limited company,
Ilmited by guarantee, as defined by the Companies Act 2006.
David and Susan Hlnd are the Senlor leaders of One Church Leicester bringing leadershipy VlS?on and
management.
Our TrusteeslDirectors In Z023 were Phll John. Colin Jewitt, Andrew Elton Chair. James Prestwich
and Davfd Hind and secretary James Prestwich, Sarah Hickman is the Finance Manèger.
Recruitment and appointment of new trustees
Where a replacement ls requiTed or it is deemed necessary to strengthen the team, the senior
leader in discussion wSth the chair of tru5tee5, Mll nominate a potential new tr￿stee who
demonstrates the relevant experfence. 5kTlls and commitment. This nomlnation 15 then considered
by the full board of trustees.
New Trustee5 are provlded with coples of the memorandum and article5 of associatlon, latest
accounts, recent minute5, details of roles & responsibilities, policies and 5uilable Charity
Comrnission guidance.
Risk managèment
The trustees have a duty to idenlify and revlew the risks to which the charity is exposed and to
ensure appropriate controls are in place to provide reasonable assurance agalnst fraud and error.
Trustees responsibllltle5 Statement
The trustee5 Iwho are also directors ol One Church Leicester for the purposes of compary lawl are
responsible for preparinq the Trustees Annual Report and the financial statements in accordance
th appllcable law and United Kingdom Accounting Standards (Unlted Kingdom Generally Accepted
Accounting Ptactlcel.

One Churth Leicester
Report of the Trustees
for the Year Ended 31 Decernber 2023
Company law requires the Iru5tees to prepare flnancial Statements for each financial year. Under
cofflpany law the trustee5 must not approve the financial statements unle55 they are satisfied that
they glye a true and fair view of the state of affairs of the charitable company and of the incoming
resources and application of resourtes, Including income and expenditure. of the charitable
company lor that period. In preparing these f*naF)cia statements, the trustee5 are required to-
select suTrtable accounrin8 polides and them apply thèm cons?5tently'
ob5ervÈ the methods and principle5 in the Charitie5 SORP2019 IFRS1021'
make judgernents and estirnates that are reasonable and ptudent.
4 State wliethei- applicable UK Accounting standards have been followed.,
prepare the fin3nclal statements on the going concern basi5 unless it is inappmpriate to presume
that the charitable company will contlnue in operation.
The trustees are responsible for keeping adequate accounting records that disc105e with reasonable
accuracy at any time the financlal position of the charitable company and enable them to ensure
that the financlal statement5 comply wth the Companies Act 2006.
They are also resp0Ths7ble for safeguarding the assets of the charitabte company and hence for
taklng reasonable steps lor the prevention and detection of fraud and other Irregularities.
In so far a5 the trustee5 are aware.,
there 15 no relevant audit informatlon of whlch the charitable company'5 auditor is unaware.. and
the trustee5 have taken all steps that they ought to have taken to make themselves aware of any
relevant audit Information and to e5tablFsh that the auéitor is aware of that information.
This report has been prepared in accordance with the special provision5 of Part 15 of the Companles
Act 2¢)06 relatlnq to small companles.
Approved by order of the board of trustees on
,12y
and signed on its behalf by-
Andrew Elton Cha?r of Tru5tee5

Independent Audltor's Report to the Trustees of One Church Leicester
Opinion
We have audlted the financial statements of One Church Leicester (the 'charitable company'l for the year ended 31
December 2023 which comprise the Statement of Financial Activltie5, the Balance Sheet, the Cash Flow Statement
and notes to the financial statement5, including significant accounting policies. The financial reporting framework
that has been applied in their preparation 15 applicable law and United Kingdom Accounting 5tandard5, including
Financial ReF)orting Standard 102 The Finoncicl Reportlns Standord applicable in the UK dnd Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair wew of the state of the charitable company's affairs as at 31 December 2023, and of it5
incoming resources and applicatlon of resources, illcluding its income and expenditure. for the year then
have been properly prepared in accordance with United Kingdom Generally Accepted Accountlng Practice;
and
have been prepared in accordance with the Tequirements of the Charitie5 Act 2011.
Basis for oplnlon
We conducted our audit in actordance with International Standards on Auditing IUKI IISAS ILIKII and applicable law.
Our responslbilities under those standards are further described in the auditor re5ponsibilitie5 for the audit of the
financial statements Section of our report. We are independent of the charitable company In accordance with the
ethical requlrernent5 that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfllled our other ethical responsibilities in accordance with these requirements. We
believe that the audit evidence we have obtained 15 sufflcient and appropriate to provide a basTrs for our opinion.
Conclusions relatlni to loing ¢oncern
In auditlng the financial statements, we have conclLtded that the trustees. use of the 807ng concern basis of
accounting in the preparation of the financial statements is approprfate.
Based on the work we have performed, we haye not identified any material uncertainties relatlns to events or
conditions that, individually or ¢ollectively. may cast significant doubt on the charitable company's ability to
contlnue as a going concern for a period of at least twelve months from when the financial statements are
authorfsed for issue.
Our responsibllities and the responsiblllties of the trustees with respect to going concem are described in the
relevant 5ectlons of this report.
Other Information
The other informatlon comprises the information Included in the trustee5 annual report, other than the financial
statements and our auditor'5 report thereon. The trustees are responsible for the other information contained within
the annual report. Our opinion on the financlal statement5 does not coyer the other information and, except to the
extent otherwise explidtly stated In our report, we do not express any fom of assurance concluslorn thereon.
Our respon5ibilily is to read the other Tnformation and, in doing so, consider whether the other information 15
materially incon51Stent wth the financial statements or our knowledge obtained in the course of the audit or
otherwise appears to be materially rnisstated. If we identify such materlal inconsistencies or apparent material
mT5Statements, we are required to determlne whether thls gives rtse to a material misstatement In the
financial statements themselves. If. based on the work we have performed, we conclude that there 15 a materlal
misstatement of thi5 Other information. we are required to report that fact.
We have nothing to report in this regard.

Independent Audltor's Report to the Tru5tee5 Of One Church Lelcester
Matters on whlch we are requlred to report by exceptlon
We have nothing to report in respect of the follovling matters in relation to which the Charilies (Accounts and
Reports) Regulations 2008 rcquire us to report to you if, in our opinion..
the information given in the financial statements is inconsistent in any material respect with the tru5tee5'
report. or
sufficient accounting records have not been kept,. or
the financial statements are not in agreement with the accounting reoord5 and returns; or
we have not received all the information and eKplanations we require for our audit.
Respon$lbilitie5 of trustees
As explained more fully in the trustees. responsibilitie5 Statement, the tru5tee5 are responsible for the preparation
of the financial statements and for be?ng satisfied that they give a true and fair view, and for such internal control
as the trustèes determine is nece55ary to enable the preparation of financial statement5 that are free from materfal
misstatement, whether due to fraud or error.
In preparlng the financial statements, the trustees are re5pon5ible fDr assessing the charitable company's ability to
continue as a golng concem, disclosing, as applicable, matters related to going concern and using the golng concern
bas15 of accounting unless the trustee5 ejther intEnd to liquidate the chantable company or to cease operations, or
have no realistlc alternative but ro do so.
Audltor re5ponslbllltles for the audit of the flnanci)I statements
We have been appointed as auditor under section 144 of the Charftles Act 2011 and report In accordance wlth the
Act and relevant regulatiorb5 made or having effect thereunder.
Our objectives are to obtaln ieasonable assurance about whether the financi31 statements as a whole are free from
material misstatement, whether dve to fraud or error, and tD 155ve an auditor's report that irbcludes our oplnior).
Reasonable assurance is a hTgh level of assurance, but 15 not a guarantee that an audit conducted in accordance
with ISA5 (UK) will alway5 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 flnancial 5tatement5.
IrregulBrltles. includlng fraL.d, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above, to detect material misstatements in respect of Irregularitie5, including
fraud. The extent to which our procedLrres are capable of detecting Irregularities, 7ncluding fraud is detailed below:
We obtained an understand7ng of the legal and regulatory frameworks that are applicable to the charftable
company's and deterrnined that the most significant whlch are directly relevant to specific assertions in the
financial statements are those related to the financial reporting framework5 (UK Generally Accepted
Accounting Practice, the Charities Act 20111 and the relevant tax compliance regulations in the jurisdiction
in which the charitable company operates. We enquired of Tnana8ement, whether they were aware of any
instances of non-compllance with laws and regulations or whether they had any knowledge of actual,
suspected or alleged fraud.
We assessed the 5U5ceptibility of the entity's flnanclal statements to materlal misstatement, including how
fraud might occur;
Our testing considered unusual or unexpected journal entries on a sample basis-
We evaluateé the assumptions and judgements used by manaqement withln Significant accounting estlmates
and asse5Sln8 if these ind5cate evidence of management b7as;
We tested significant transactlOll5, in particular the evaluation of the business rationale for any which
appear unusual or outsiée the charity's normal course of business.,
We assessed the appropriatene55 of the collective competence and capabllTties of the engagement team by
understanding the practical experience with audit engagement5 of a similar nature and complexity. plus

Independent Auditor's Report to the Trustee5 Qf One Church LeTce5ter
ensunng the team had appropr7ate and relevant training of the financial reporting framework and the
relevant tax compliance regulations specific to the entity.
We rewewed the financial statements and tested the disclosures against supporting docL,'mentation,' and
We communicated relevant matters to all members of the audit team to eisure they understood the risks
specific to the entity and the aud?I procedures planned to mitigate these.
Because of the inherent limitation5 of an audit, there 15 a risk that we VAII not detect all irregularities, including
those leading to a material misstatement in the linancial statement5 or non.compliance with regulation. Thi5 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 occurrlng due to fraud rather than error. as fraud involve5 Intentional
concealment, forgery, colluslDf), omission or misrepresentation.
A further description of our responsibilities is available on the FRC'S website
at.. htt
IlvMw.frc.or
.ukl uditors/audit-a55vr
cela
dit r.s-re5
nslbilities-
he-audil.of.
This description forrn5 part of our auditor's ", eporl.
h -fildescri
Use of our report
rhis report is made solely to the charftable company'5 trustees, as a body, in accordance with Part 4 of the Charities
IAccounts and Repo)rtsl Regulations 2008. Our audit work has been undertaken 50 that we might state to the
charity's trustees those matters we are required to State to them in an aLthdit¢r's report and for no other purpose. To
the fullest extent permitted by law, we oo not accept or assume responsibility to anyone other than the charitable
company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinion5 we
have formed.
L.-I,*6 LJ
The Rowley5 Partnership Ltd
Statutory Auditors
Chartered Accountants
Eligible to act a5 an auditor in terms of Section 1212 of the Companies Act 2006
Charnwood House
Harcourt Way
Merldlan Bvslness Park
Leicester
LE19 1WP
Date:
23 2014

One Church ￿iCeSter
Statement of Flnancial Activltles
{Incorporatins an Income and Expendlture Account)
for the Year Ended 31 December 2023
Note Unrestrlcted
Fund5
Restricted
Funds
Total Funds
31.12.23
Total Funds
31.12.22
Income and endowments from
DonatlOn5 and legaaes
846,050
505,094
1,351.144
1.004,750
Other trading activities
Investment Income
Other Income
95,741
85,(X)3
89.935
95,741
85,003
89,935
81,208
33.085
18,000
Total Income and endowment5
1,116,729
505,094
1,621.823
1.137,043
EXPENDITURE ON
Charftable artiyitie&'
Minlstrles
Giving away
113,958
90,570
113,958
182,202
85,081
141,422
91,632
Other
824,72B
1.885
826,613
609,692
Total èxpendlture
1.029,256
93.517
1,122,773
836,195
NEf INCOMEIIEXPENDITUREI
87,473
411,571
499,050
3C(),848
Gain on acquisitlon
Transfers betW￿n fund5
768.263
21
943,940
1943,9401
Net movement between funds
1,031,413
1532,3631
499,050
1,069,111
Reconcillation of funds
Total funds brijught forward
1,361,994
703,60B
2,065,602
996,491
Total fund5 carrled forward
2,393,407
171 245
2,564,652
CONTINUING OPEPATIONS
All income and expenditure has arisen from continuing activities.
The notes on pages 13 to 25 forni part of these financial statements.
io

One Church Leicester
IResi5tered number: 10286979)
Balance sheet
as at 31 December 2023
31.12.23
31.12.22
Unrestrlrted
Funds
Restricted
Fund5
Total
Funds
Total Funds
Notes
Fixed Assets
Tangible assets
Investment Property
13
14
2,518,006
530,(J)O
2,518,006
530,C¥)O
1,495,157
530,CQO
Current Assets
Stocks
Debtors
Cash at bank and in hand
3,456
147,596
144,452
295,504
3.456
147,596
315,697
466.749
15
49,550
540,838
590,388
171,245
171,245
Cred5¢or>
Amounts falling
due within one year
Net Current Assets
1120.2881
175,216
3,223,222
1120.288
346,461
3,394.467
{81,467
508,921
2,534,078
171.245
171,245
Total A55et5 less Current Liabllldes
CREDITORS
Amount falling due after more than
one year
1829,8151
1829,8151
2, 393,407 ￿45 2,564,652
171,
1468,4761
2,065,602
Nrr ASSErs
Fund5
Unrestricted funds
Restricted funds
Total Funds
21
2,393.407
171,245
2,564,652
1,361,994
703.608
2,065,602
The charftable company is entitled to exemption from audit under Section 477 of the companies Act 2Q106
for the year ended 31 December Z023
The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an
audit of these financial statement5,
The trustee5 acknowledge thelr responsibil?tie5 for
al ensuring that the charitable company keeps atcounting records that comply wth Sections 386 and 387
of the Companies Act 2(X)6 and
Ibl preparing finathcial Statements which give a true and fair view of the state of affairs of the charitable
company at the end of each financial year and of iti surplus or deficit for each financial year in accordance
with the requirements Df Sections 394 and 395 and which otherwse comply with the requirements of the
Companies Act 2006 relating to fTnancial statements, so far a5 applitable to the charitable company.
These financial statements have been prepared in accordance wth the provisions applicable to charitable
companies subject to the smoll companies regime.
The financial stal
ments were approved by the B03Td of Trustees and authorised for issue on
d on its behalf by.
Philip John- Trustee
The notes on pages 13 to 25 fo
financial statements.

One Church Leicester
Statement of cash flows
for the year ended 31 December 2023
Year endèd
31.12.23
Year ended
31.12.22
Note
Cash flow from operatlnl actfvltles
Cash flow frorn operatTng actlvlties
Net cash provlded by operating act]￿tIeS
454,705
454,705
1,139.691
1,139,691
Cash flow from Investing actlwties
Purchase of tangible fixed atsets
Sale of tangible fixed a5set5
Assets acquire# from All Nat?on5 Church Leicester
Interest recelved
(1,633,954)
596,217
{332,474)
330,300
11. 137,2771
913
5,428
Net cash (used inllprovlded by Investin% actlvltle5
Cash flows from finandng actlvlties
Movement in loan5
Interest Paid
11,032,309)
11,138. 5381
398.355
145.8921
392.434
119,237)
Net cash (usod Inllprovldcd by financing actlvltles
352.463
373.197
Change in cB5h and cash equivalent5 in the reportlns perlo
Cash and cash equivalents at the besinning of the reportin8 pertod
Cash and cash equivalents at the end of the reportlng period
1225,1411
540,836
315.697
374,350
166,488
540,838
1 RECONauATION OF NET INCOME TO NET CASH FLOW FROM OPERATSNG ACTivrriE5
Net income for the reportin4 pèriod (a5 per the Statement of Flnandal Actlvltles)
31.12.23
499,050
31.12.22
1,069,111
Net movements In funds
AdJustmetit5 for:
Profit on disposal cf tan4Sble fixed assets
Depreciation charges
Interest received
Interest paid
IlncreaseTr in stocks
Ilncreaselldecrease in debtors
Increasel Idecreasel in creditor5
Net cash (used in)1 provlded by operation5
189,9351
104,823
15,428
45,892
3,456}
{98,046}
1,805
454 705
31,167
1913)
19,237
14,3221
25,411
1 139 691
2 ANALYSIS OF CHANGE5 IN NET FUNDS
At 1.1.23
Cash flow
At 31.12.2J
Net cash
Cash ot bank and in hand
540,838
1225,1411
315,697
Total
225 141
315 697
Debt
Debts falling due within 1 year
Debts falling due after l year
129,961 ?
1468,476)
1498,4371
42,4DI
137.016
{361.339)
1398,355
(623,4961
166,9771
(829,815)
1896,792)
1581,0951
Total

One Church Leiiester
Note5 to the flnanclal statements
for the year ended 31 December 2023
1 ACCOUNTING POLICIE5
Basls of preparlng the flnanclal statements
The flnancial statements of the charitable company, which is a public benefit enuty under FR5102, have
been prepare(i in accordance with the Charities SORP IFR5102I 'Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to chaiitie5 preparing their accounts in accordance Mth
the Finantial Reporting standard applicable in the UK and Republic of Ireland IFRS1021 leffectr've 1
January 2019),, and the Companies Act 2006. The financial statements have been prepa￿d under the
historic cost conventioh, with the exception of invèstments which are Tncluded at market value.
One Church Leicester Is a private company limited by guarantee registered in England and Wale5. The
addr&s of the registered office 15 given in the charity infomiation on page 1 of these financial
statements.
The significant accounting policles applied in the preparatlon of these flnancial statements are Set out
below. These policies have been consistently applled to all years presented unless otherwise stated.
Income
All income Is recogn7sed in the Statement of Flnanclal Activities once the tharity has erbtltlernent to the
fI￿d5. It Is probable that the income will be received and the arnount can be measured rellably.
For le8acie5, entitlement 15 the earlier of the chariiy beTng notified of an impending distribution or the
legacy being received. At this point 1ncome 15 recognised. On occasion legacies will be notified to the
charlty however It is not possible to measure the amount expected to be distributed. On these occaslons.
the I￿acY 15 treated as a contingent asset and disclosed
Expenditure
Liabilities are recognised as expenditure as 500n as there is a legal or constructlve obligation committing
the charfty to that expenditure, it 15 probable that a transfer of econownic benefits wll be requifed i
settlement and the amount of the obllgatlon can be measured reliably. ExpendltLre is accounted for on
an accnJa15 basls and has been Clas￿fied under hea(I"ngs that aggregate all c05t relating to the category.
Where cost cannot be directly attributed to particular heading5 they have been allocated to activitles on
basls consistent with the use of resources.
Tangible flxed assets
It Is policy that rnonies received relating to buildlng and capital projects are transferred to unrestricted
funds once the buildifTrg worf(s and projects have been achle¥ed.
Depre￿ation is pro￿ded at the following annual rates In order to write off each asset over its estimated
useful life.
Church Eoulpment
Way Coffee fixtures and f?ttings
Improvements to property
Freehold property
Investment property
Investment properties are shown at their open market Yalue. Any revaluation galn5 or loss￿ are taken to
the Statement of Financial Artivitie5 ISOFAI
15% on redudng balance
15% on reducing balance
Calculated over 30 years at C05t
2% on cost

One Church Leicester
Note5 to the flnancial 5tatement5
for the year enéed 31 December 2023
1 ACCOUNTING POLICIES ICONT114UED>
Taxation
The charity is exempt from corporation tax on its charitable activlties
Fund Accounting
Unrestricted fund5 can be used in accordance with the charitable objectives at the discretion
of the trustees.
Restricted funds represent income and can only be used for particular restricted purposes
within the objetts of the charity. Re5ttictions arise when Specified by the donor or whe
funds are raised for paiticular restrrcted purposes.
Further explanation of the nature and purpose of each fund 15 inClu￿d in the notes to the
tinancial statement5.
Hlre purchase and leasin4 commitrnents
Rentals paid under operating leases are charged to the Staternent of Financlal Activities on
stralqht line ba515 over the period of the lease.
Pension Cost5 and other post retirement benefits
The charity operates a defined contribution pensiC￿ 5therne. Contributions payable to the
charitable company's pension 5cherne are charged to the Statement of Financlal Activities in
the period to which they relate.
Debtors and credltor5 receivablelpayable wlthln one year
Debtors and credltors are stated at transèrtion price.
Cash and cash equiYalent5
Cash and cash equivalents comprise cash on hand and cash on deposit.
Golllg Concern
The financial statements have been prepared on a golng concern basis as the trustees believe
that no materlal uncertainties exist. The trustees have considered the level of funds held and
the expected level of income and experKliture for 12 months from authorising these financial
Statements. The budgeted income and expenditure u5 sufficient vrith the level of reserves for
the charity to be able to continue as a going concern.
Stocks
Stocks are st£1ed at the lo%v81 of cosl and estimated selllng price les5 costs to wmplete and
sell. Cost includes all costs of purchase, costs of convarsion and other costs incurred in bringing
stock lo ils present Ioc81ion and condllion. Cost Is calculated using Ihe fir5t-in, first-oul formula.
ProvisSon Is made for damaged, obsolete and slow-moving stock where appropriate.
14

One Church Lelcester
Notes to the flnanclal Statements
for the year ended 31 December 2023
2 DONATIONS AND LEGACIES
Year ended
31.12.23
Year ended
31.12.22
Legacies
Regular Giving
Gift ald
Grants
Mission Income
Restricted Glving
BLJlldlng Fund
Vislon fu￿1
91.317
651,413
103.321
25,648
34.818
30,528
233,769
180,330
28,311
482,886
90,179
39,127
11,627
351,620
Of total incorne from donations and1￿￿(leS £846,050 (2022: £601,375) was unre5trirted and
£505,09412022: £403, 3751 was restrlcted.
3 OTHER TIIADING ACTIVITIE5
Year ended
31.12.23
YeaT ended
31.12.22
Activities and clubs
Oak Centre
Way Coffee
3,938
66,695
25,108
3,338
77,870
Of total incorne from other tradTng activitie5 E95,741 12022.. £81,208) was unrestricted and £Nil
12022: £Nill was restricted.
4 INVESThlENT INCOME
Year ended
31.12.23
Year ended
31.12.22
Rent received
Rent recelved No 12
Deposit account interest
28,969
50,606
5.428
17,500
14.6n
913
85,003
33.085
Of total Income frcffi investments £85,003 12022- E33,0851 was unre5trlcted and £Nil12022'. £Nil)
wa5 restrfjcted.
5 OTHER INCOME
Year ended
31.12.23
Year ended
31.12.22
Proflt on disposal of fixed assets
Other income
89,935
18,000
18.000
89,935
Of tolgl other income £89,935 (2022: £18,000) was unrestricted and £NiI 12022: £Nill Was reslricled.
15

Ont Church Lelcester
Note5 to the flnanclal statements
for the year ended 31 December 2023
6 CHARITABLE ACTIVITIES COSTS
Dlrect Costs
{5ee note 7)
Mlni5tries
Glvlng away
113,958
182,202
296,160
7 DIRECT COSTS OF CHARITABLE ACTIVITIES
31.12.23
31.12.22
Mlnistrie5
Glvlng Away - individuals
Giving Away - Instltutions
113,958
34.665
147,537
85,081
29,167
112,255
296.160
226,503
Of the total amount given to TndTviduals £23,98412022: £25,285) was unrestricted and £10,68112022:
£3,882) was restrlcted
Of the total amount given to inslitutions £66,586 12022: £10,0IZI wa5 unrestricted and £80,95112022:
E122,715I wa5 restricted
8 OTHER
Included In the Other expenditure is as follows
31.12.23
31.12.22
Unie5trirted Restrlcted
funL1s
funds
Unre5trirted Restncted
funds
funds
Total Funds
Total Funds
Wages & Salaries
Project C05t5
Other operating ex5
Finance c05t5-
bank charges
Governance cost5-
audit fee5
Goyemance cosrs-
legal fees
464,734
70,712
266,337
464,734
71,195
267,539
395,254
30,851
147,192
395,254
30,851
147,192
1.202
5,040
3.749
3,749
16,156
16,156
10,(KJO
10,C
1,749
1,749
22,646
22.646
826 613

Qne Church Leicester
Notes to the financlal statements
for the year ended 31 December 2023
8 OTHER (CONTINUE0}
lficluded in the aftalysis above 15 expenditvre rèlating to the Oak Centre as foUow5:
31.12.23
31.12.22
Wages
ial securlty
Pens1￿5
Repairs. cleanin8 ar)d maintenan
22,543
746
1.227
16.511
23.505
1,309
1,491
13,655
FIJ
Caterinq
Project Costs
Office expenses
Teleph￿e and IT costs
Insurance
Bank charges
1.942
4.905
3,057
437
817
593
1,14Q
9,252
3,522
399
796
52,778
55,553
9 NEf ItrlCOMEI{EXPENDtfuRE)
The total fee pa7d to the auditor was £13.2Crf) Inclu51ve of Yat12022: £12,IKJO TnclusTve of vat) which was
for the auélt and £Nil12022- ENill for other services.
47

One Churth Leicester
Notes to the finandal 5tat8ments
for the year ended 31 December 2023
fo TRUSTEES. REMUNERATION AND BENEFITS
The folltNvlng trustees received emoluments durTng the year. They are paid in their capaaty as
minis(er5 of the Church for which the legal authority is wven in the Articles of association.
2023
2022
D Hllld
Remuneratlon for min75try support
Pension contrlbutions
Benefits in kind
48.587
4.830
2.496
45.831
5,500
2,472
55.913
53.803
J Prestwlch
Remunerailon for ministry supp(Yt
Pens1￿7 Covttributlons
34.￿9
1.70J
32.080
35,709
33,684
Trustee5' expenses
There were no trustees. expenses paid for the year eTrdecJ 31 December 2023 nor for the year ended 31
Decetnber 2022.
Year
ended
31.12.23
Year
ended
31.12.22
11 STAFF COSTS
Salaries and wages
s￿181 5ecurTty costs
Pensic4) Costs
401,219
22,653
40.862
340,591
17,952
36,711
464.734
395.254
The average number t)f persons employed by the charity durlng the year was as follows:
31.12.23
Number
27
31.12.22
Numbe
25
Total nurnbtr of staff
No employee5 received iotal employee benefits (excluding employer pension cost51 of more than
E60.0tsJ.

One Churth Lelcester
Notes to the flnanclal 5tatement5
for the year ended 31 Dècember 2023
12 COMPAIUTIVES FOR TIIE STATEMENT OF F114ANCIAL ACTIVITIES
Unrestrtcted
Funds
Re5trlcted
Funds
2022 Total
Funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
601,375
403,375
1,004,750
Other trading artiwtles
Investment income
Other
81,208
33,085
18,000
81,208
33,085
18,¢XIO
Total
733,668
403.375
1,137,043
EXPENbiTURE ON
Charltable activitles
Mlnlstries
Glving away
Other
85.081
14.825
609,692
85,081
141,412
609,692
126, 597
Total
709,598
126,597
836,195
NET INCOMEI{EXPENDITURE)
24,070
276,778
300,848
Goln on acqui31tlon
Transfers between funds
763.807
1385,1191
4,456
385,119
76B,263
Het movement In funds
402,758
666,353
1,069,111
RECOMCILIATIOM OF FUNDS
Total funds brought forward
959.236
37,255
996.491
TOTAL FUNDS CARRIED FORWARD
2 065 602

One Church Leicester
Note5 to the financlKI statements
for the year ended 31 December 2023
13 TANGIBLE FIXED ASSETS
Improvements
to property
Freehold
property
Way Flxturgfj
& Fittings
Church
Equlpment
Total
COST
At 1st January 2023
Addirions
Di5P05als
At 315t December 2023
310.B46
1,557,042
1,107,285
166,196
57.845
{450}
223,591
1.584.327
1.633,954
1506,2821
2,711.
19,007
1505,832)
601.4
DEPRECIATION
At I st January 2023
Charge foi the year
At 31st December 2023
10,362
62,263
72,62
4,010
12,029
16,039
74.798
29,241
104,039
89.170
104,823
193,993
1,290
1,290
BOOK VALUE
At 31st December 2023
1,795,263
585,414
17.777
119,552
2.518.￿6
At 315t December 2022
300,484
1,103,275
91,398
1,495,157
Capltal commitment5
At the year end, the charity had capital commitment5 of £NII {2022-. £IZ1,7131
14 INVESTMENT PROPERTY
31.12.23
31.12.22
mark￿ value at 1 January 2023
Acquired frcm All Nations Church Lelcester
Market value at 31 Oecember 2023
530,CIJO
530.(
530.LYQ
530,fAIO
The orfginal cost of the above investment property at 12 Frog lsLand, Lelcester was £530,C￿l).
A formal valuation wa5 carried out on 26 April 2022 by Mu550n Li98lns. The trustees conslder that
the valuation as at 31 December 2023 is falrly stated.
15 DEBTORS: AMOUNTS FALLING DUE MTHIN ONE YEAR
31.12.23
31.12.22
Trade debior5
Other debtors
Prepayments and accrued income
28,731
104,202
14,663
147,596
19,210
15,772
14,568
49.550
gn

One Church Leicester
Notes to the f?nanclal statements
for the year ended 31 Deceniber 2023
16 CREDITORS: AIAOUNTS FALLING DUE wfTHIN ONE YEAR
31.12.23
31.12.22
Bank loans and overrjrafts I5ee note 191
Trade creditors
Social security and other taxes
Other creditors
Accrued Expenses
66.977
12.468
10.896
10,439
19,508
29.961
21,463
5,163
5,639
19,241
17 CREDITORS: AMOUNTS FALLING DUE AFfER AIORE THAN ONE YEAR
31.12.21
31.12.22
Bank loans and overdrafts {5ee note 191
829,815
468,476
829.
15 468,476
18 LOANS
An analysis of the maturity of loans ia given below..
31.12.23
31.12.22
Amounts falllng due within one year on demand:
Bank loans
66,977
29,961
Amounts falling dLte between one and two years:
Bank loans - 1-2 years
66,97T
32.465
Amounts falling due between two and flve years..
Bank loan5 - 2-5 years
21x1.931
97,395
Amount5 fallln8 due In more than five years:
Bank loans - rnore than 5 years years
561.907
338,616
19 LEASING AGREEMENTS
Minimum lease payments under non.cancelLable leases fall due as follows
31.12.23
31.12.22
Withjn one year
Between one and five year5
239
475
239
239
714
20 SECURED DEBTS
The following secured debts are incluéed within creditors:
31.12.23
31.12.22
Bank loans
896,792
498,437
The bank loan is secured on the propertles at 10 and 12 Frog151and

One Church Leicester
tlotes to the flnjnclal 5taternents
for the year ended 31 December 2023
21 MOVEMENT IN FUtr4DS
Net
mtwem•nt
in fund5
Transfers
between
fund5
At 1.1.23
At 31.11.23
Unrestrlcted fund5
General
1,361.994
87,473
943,940
2.393,407
7,473
943,
,393.407
Restricted fuThd5
Bullding fun¢J
Misslons
Grant5
Specilic Giving
Ukraine Appeal - ANCL
Michelle Arthur ANCL
Open Hands
Blessln8 Fund Iwldows &
Orph£ns - ANCLI
Family larder - ANCL
Commurtiiy 11%} Fund - ANCL
Vision Offering
688,641
9,714
233,769
19,714>
21,763
863
(922,4101
{21,4701
250
1,293
862
12511
200
110
48
12,6871
2,639
1,507
511
2.128
11,5071
15111
2.f281
169,090
169,090
703.608
411,577
1943,9401
171,245
TOTAL FUNDS
2,lJ65,002
499,050
2,564,652
Net movement in funos, included In the above, are as follow5-.
Inc￿Ing
Re5(iurces
Resources
expended
M(ryement in
lund5
Unr•strlcted fund5
General fund
1,116,729
1,029,256)
87,473
Restrlcted funds
Building Fund
Change One
Missions
Grants
Specific Glving
Open Hands
Blessing Fund
Vi5i0n Offering
233,769
28,393
6.425
25.648
20,722
8.681
1,126
180.330
505,094
233,769
{28,393
(16,1391
13,8851
119,8591
111,3681
12,6331
11.2401
193.517)
19,714
21,763
863
12.6871
11,5071
169,090
411.577
TOTAL FUNDS
1,621.823
11, 122.773)
499.050
??

One Church Lei¢e5ter
Note5 to the flnancial ststements
for the year ended 31 December 2023
21 MOVEAIEklT IN FUNDS ICOMTINUED)
Re5trfcted funds
Bulldiny fund
Funds recelved 5pecifTcally to as5iSt wlth renovating 10 Frog Island.
Fund5 were transferred from the general fund to enable the work to be completed.
M1s5ion fund
Fund5 glven Specifically for rnissitsn can only be Spent lor m155ion
Warm Welcome Spaee and LCC Ward Finance grants
The Wam Welcome Space gran., has been $5ven toward5 utiitfes at the Oak Centre and the LCC Ward
Finance grant has been given toward5 the Oak Centre Pie LurKh project
Specfflc Glvlng
Included ln Speclfic Ovlng is £614.92 to The Hub chlldrens work, É250.lYJ to Heaven
Culture Muslc and £7.50 for work In the Ukraine
Vlsk*n Offerin¥
Fund received speafically to 5trenthen 7 areas of One Church. These are the Loughborough Site, Open
Hands, God5 heart for no. 12, impact Leicester through United, further bullding need5, paying down the
mortgage and strengthenlng our reseryes.
Transfe15 betweèn funds
Transfers were made from gront5 and speclfii glving to unrestricted funds which rep￿sent capital
expendlture aquired for general use and not for a Te5tricted purpose.
The Ukralne Appeal and All¢hÈlle Archur fund5 acqulred from ANCL were transferred to 5peclfic giwpg to
be spenl on the purpDses specified.
The Farnlly Larder and Community11 %} Fund acquired from ANCL were transferred to the Open Hands
Fund as they were glven for similar purposes a5 Hand5
Comparatlves for movement In funds
Net
movement
In fund5
Transfers Gainlllosses)
between
on
funds
acquTsltion
At 1.1.22
At 31.12.22
Unrestrieted Fundi
General
959,236
959.236
Z4.070
24,070
(385,119)
1385,1191
763,807
763,807
1,361,994
1,361,994
Restrlcted Funds
Bullding fwld
Misslon5
Grants
Specific Giving
Open Hands
Widows & Orphans . ANCL
Farnily Larder - ANCL
Community 1% Fund- ANCL
Ukralne Appedl . ANCL
Michelle Arthur - ANCL
28,569
8,686
321,487
145,5061
338,585
46.534
688,641
9,714
1,CQD
{2511
48
1,507
511
2,12b
(2511
1,507
511
2,128
200
110
110
37,255
996,491
276.778
3(￿,848
385,119
4,456
768,263
703,608
2,065,602
TOTAL FUNDS

One Church Leicester
Note5 to the flnancial statements
for the year ended 31 December 2023
t MOVEhiEli i ili Fulius I￿Vil i irYucDI
Comparative net movement in funds, included in the above are a5 follows:
Incomln8
resources
Resources Movement In
expended
funds
Unre5trTCted fur7ds
General fund
733,668
(709, 5981
24.070
Rertrlrted funds
Bulldlng fund
Mlsslons
Grant5
Speclfic Glvin8
Open Plands Building
Open Hands
351,620
39,127
1.O)0
3,831
513
7,284
30,1331
84,633
321,487
145,5061
4,082
15131
17,2361
12511
48
403,375
1126,597)
276,778
TOTAL FUNDS
1,137,043
1836.1951
300,848
24

One Church Lelcester
Notes to the financlal staternent5
for the year ended 31 December 2023
22 RELATED PARIY DISCLCSURES
Ouring the year £113,17912022: £98,7871 of donati0115 weie received without condition5 from
truslees.
Two of the trustees also serve on the boartl of Open Hands Trust ILeice5terl (Registered Charity No.
1121334) ard durirjg the year One Church Leicester made a £43,99412022: £31,351) donat?on to this
charlty. Also during the year costs ol E18,757 {2022: £19,463) have been recharged to Open Hands
Trust ILeicesterl In relation to admin5stratlon and aCCOLgnts costs.
At the end of the year, Open Htnds Trust owed £5.09812022:E6,2481 to One Church Leicester.
Hand in Hand Preschool who are part of Opèn Hands Trts5t paid rent of Q8,8OJ (2022.. U8,8LhJl to
One Church Le1￿ter
One of the trustees is also a tnjstee (>f Legacy Minlsiries International, During the year One Church
Leicester charged Legacy Ministries Internatlonal £2,LKKI I2022.'LNill for venue hire.
One of the tru5teÈs is also a trustee of The Safffres Project. During the year donations of £1,2C
12022:£1,2tX)I were made to The Saffires Pioject.
One of the tru5tEe5 also served on the board of All Nations Church Leicester (No.511127} and during
the year costs of £NII 12022: £18,(1￿) wete recharged in relatic￿ lo admTnistration and account5
costs to thi5 charity. The a55ets and liab111tie5 of All NatlOn5 Church Leicester were transferred to
One Church Le1cester 19th August 2022. and this charity has 51Dte beeft d155olved.
25