Charlty r•glstratlon nnbr 1201348 (England and Wales} ONE HOME CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025
ONE HOME CHURCH LEGALAND ADMINISTRATIVE INFORMATION Mr C Papathanassi Mr D J PrKleaux r T W Moncreaff Mr C P Saunders IAr M Warren Mr B KnKdM Gharity number (England and W*ltrtsl 1201348 R•gistsr•d offic• 134 Main Road Emsworth H8mpshi United Kingdom POI0 8HA Audltor A2elsAudlt Setvice8 Third Floor, Gateway House Tollgal8 Chandlers Ford Hampshir8 Vniled Kingdom S053 3TG
ONE HOME CHURCH CONTENTS Pagè Trustees, report Independent guditofs rep 9-11 Slalement of finaneAal adivitie$ 12 Balare sheet 13 statement of cash flows 14 Notès to the finondal Statements 15-25
ONE HOME CHURCH TRUSTEES, REPORT FOR THE PERIOD ENDED 31 AUGUST2025 The Trustees present th8lr annu81 report and Iln8ndal ststem8nts for the perd ended 31 August 2025. The financial statements have been prepared in accordance wilh the accounting polia¥$ sel out in nota 1 to th ngncigl slements and Gomply with the th8rity's goveming document, Charities Act 2011 and "Ac¢wnting 8nd Rporting by Chwilk•s'. Slaltrmonl of Ro¢omm$nded Pra¢b'¢e appli¢ablo to charithe5 preparing Ihelf ac¢ounls in accordance whh the Financlal Reportlng Standard applicab In the UK and Republic of Ireland IFRS 102}" (effective 1 January 20191. Objectives and actlvltles The chareS objectNes and principa activitses are.. The advan¢8m8nt ofthè Chrislian faith in 8Lurdanco th the basis of faith either in the United 'ngdOM or overseas. The furtherance of religious or secular educalton. The provision of facilities, in the inlerests of social weware. for recreation or other leisure-time occupations of Fndividual$ who hav¢ negd of Suth fa(ylilies dug lo youth, a, infirmity. disability. financial hardship, or sotyal circumstances. wllh the aim of Improving Ihebr condrtkins of lrfe. The preventv)n and reltef of Ihe poor and neety. The help and ccnfort of Ihe $id( ond aged. The advancement of any other charitable purp05e8 con5151ent with the above objective8. Strdtygl¢ ml$$lon and Yalu Durtng the accounllng perlod, the tharoty continu6d its central mission.. 'LdIng People to Je$u$". expressed through five key princiF4es- Gospel Cenlred Generational in Disapleship Alive in wshIp Compassionate in Service Missionary in Acb'on and Spirit Prlnclpal rl¥k3 and uncertalntles The main financial risk rs a reduCtn in voluntary income. To mrtigate this. the Trust mainlain unrestricied reserves equwalenl to at knst three months of operating expenditure. Other risks include.. ReliarKe on volunteers Inflationary pr•ssur•s Ri$k$ associated with $ll¢ devebpment These risks are managed Ihrough ongoing monitoring, financial o)nlro15. and professional 8dCe. Thè Tru8tees are Satisf that appropriat8 risk manag•m&nl syst8ms are in plac.
ONE HOME CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025 Publi¢ Benefft The Trustees have referrfjd ILI th¢ Ch•rity Commi$5ion's guKlance on reporling on put4¢ bgn&fil Isecuon 17 of Charrlies Act 20111 when reviewing the Ch8ntys obje¢tives and alms. and when planning the Charity's aCtiV*s. The Tru$lo9$ ar$ thefore confident that the Charity rneels its putAic beneffil duty set out in section 4 of Chatitles Act 2011). Employ••s Th9 Charity gmploys.. FUltIM•. Senior Pastor {305 Pastor Partm• staff {12 rol06): Communty P8slor Operations Manager lQds Pastor Youth Pa8tor I Pa81oral Administrator Ixshlp Leader CoUo98 Princ¥)al Creative and Media Lead Food BankAssistanl Hospit81ty and Catering Manager Finance Administrator OperationsAdmini$tr8tor Cle8ner The work of the charity is supported by over 100 volunteers. The Iruslees recognbse that the organisation would not b8 abl8 to operate effectively wtthout their svJnth¢ant contribution. The charity is deepty gratefijl for thè tirne, comrnitment. and skills given by its voluntèers, whosè support 18 Integral lo the dellvery of rts adivthes and mission.
ONE HOME CHURCH TRUSTEES. REPORT (CONTINUED) R)R THE PERIOD ENDED 31 AUGUST 2025 Achievemnts and prforn)ane• The thurch's work is focused around dalivaring quality proJ8cts and 58rvic8s which promote the Church's prin¢ip81 aims and objectives and serve our local community. Sunday S•r¥iees Inerson services lake place every Sunday at 9.'30am and 11'.30am and are opon to al generations. These gatherfngs Indude wotshlp. preaching. and fellowship. Dlscipl•shlp Connect Groups piovide opportunrfYe8 for srnaller communty engagement. These mget weekty In parson or online. During the year, addonal focused groups were introducBd. induding: Football Team Bereavement Group "Come lo thè Fèlherf Group Art Group Prayer Retreats Youth Youth provi$ion remains centr$l lo Ihe ¢h8rty'$ work. Weekly l¢mFtim¥ $088ions provide eThJaging aetiwlies, leachlng. and small group disSsk)n. The prograrnme creates a strong sense of belonging and proMdes positNe role models and mentoring, contributing to improved wellbeing, reduced isolation, and reduced risk of exploitstion. IndJing involvemanl in county lines adivty. 11 also prornol8s positive mantal hath. Summer Camp In Stsmmèr 2024 and 2025, Ihts chanty dèlNered its annual residential youfh Gamp for over 3 young people. induding largeled support for Ukrainian children and young carers. Grant funding from Chichester District Coun1 anabled 11 Ukrainian chlldren lo attend. Participation increased from 34 sponsor8d plac6s in July 2023 to 80 in Juty 2024, including young people connected through One Foundation. One Foundation One Foundalion provides food and essential items to indiMduo1$ and families foong hard8hlp due lo unemploymont, poor health, refugeg status. and finan¢ial dIffl. The programma supports approximately 5(Ik families lover 200 IndldualSl perw86k, with peak demand reaching 94 familiès1315 individuals). Démand has ¢ontinued lo rise due Its the cost44iving crisis. The iniliative supports refugee8, vicims 0fdomest abuse. young carers, and the travelllng commvnrty. worknng in partnership vnth counrAls, schools. and hxal chathes. In addlibn, the programme off9rs Ilfe $kllls ¢oa¢hlng, Citizens Advice 8ure8u guNJ8rice, work experi8n¢e. and support packages for sthools. It eontrnues to devèlop from crisis provision into longer-lerm support pathways.
ONE HOME CHURCH TRUSTEES, REPORT (CONTINUEDI FOR THE PERIOD ENDED 31 AUGUST 2025 Ong Gr•cg- SEN Support A new inaINe has been developed to support parents an<1 carers of Indlvlduals wth addilional neèds. The programme aims lo prowde respite opportun(ties abngside a 8ilPPOrtive community and. in future, access lo spec4alisl advice and practtcal support. Schools Outr•a¢h The d)arity delivers assemblies. RE lessons, and PSHE sèssions atross four junior schools and ffive 8e¢ondary schools, including specialist prowsion supporting sludents with EBSA and SEMH needs. This work impaots hundrgds of ¢hiklren annuoly and 8180 provides198dership and devebpment opportunit$ for stud•nts from Ono Coll¥go. Care Home and Hospltal Vlslts The tharity continues to support the eldeFly and vulnerable through care home 1$, worshlp seNlees. pastOTal Care, and pray9r Support. sit• Dttvèlopm•nt Durin9 FY24f25, the charity progressed plans to upgrade it5 facilities to accommodate growth. A contractor has been appointed gnd a mortgage offgl sered to $upport the dev9kJpmenL Additional improvements indude.. Inslallth'on of enhanced sf(e secajrity sy5tem5 Re(levelopment of IheApex bulldlng wth Improved facllltbs Sècuring £34,000 in grant fundlng for a play park refulshMènI Phase One of the play park project is due lor completion in April 2026. knpa¢t•nd publle ben•fft The charty has delNered clear and mea5UTable public benefit through its actwities.. Suppoitng over 200 indivKluals weeY through foc¥J prowsion Engaging hundred5 of d)ildren and young peoF4e in strucled programmes Provkling targeled support to vuknerable groups, induding refugees, young carers, and Ih¢)se fac4ng financial hardship Rlun9 sodal Isolallon 8nd supportlng mental welbeln9 The Trustees are salisffied Ihat all activthes align with the chanty's objedives and provide demonstrabie public benefrt.
ONE HOME CHURCH TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025 Fundralslng prncticos The Charities prinuple incLsme Streams compromise: Regular voluntary giving from church attendees and othgr Supporters Other donations indudlng on&off gffts and offering8 for special events or campaigns Designat8d tundraisir¥J campaigns like the Heart fo( the House Offering Income from activitie$ like b'cketed events. coffee bar proceeds and One College student f88$ and living expenses. Grants from local and national grant making trust for speufic projerts like One Foundatlon food bank and the play park alw ralse funds for specific mission related acliwts'e8 like Compa88ion and 8upporfing our sister churthes in Fiance and Spain. Opportunities to donate are provldeo though weekly seNlee$, online giving, BACS transfer, Justgiving page arKI standing order5. Flnanclal revlew The prinopal source of funding contlnues to come from lilhes, offerings, donations, grants and Gift receipts. We also 9enerale income from lidfet sales lo events. Camps and ttferences. Fund Structure The chanty Maintair both reslrlcted and unre8tricted funds to support its activities. R8strict8d fund$ are those where the donor or fvnder hos Specified particular purposes for which the funds musl be used. The charity currently holds restricted funds in relation to the One Foundation, the play park. the Heart for the House building project, and sOf1¢ site development projects. These fijnds are applied solety to the purposes for whith they were gNen, wlh expenditure monltored to ensure complian¢e with donor feslrictions. Unre5trictsd fund8 ar8 availabl& for use at the discretion of the trustees in fvrtherance of the tharty's objeclives. These funds are used to support the general running costs of the church, including staffing, ministry aclivilies, and operalonal 6xp8n&es, as well as enatrjing Ilexibility lo resFond to emerging needs and opportunliles. The trustees carefully monitor both reslrthd and unrestricted funds as part oftheir financkgl over81ght responsibilities, ensuring that resources are managad ra$ponblY and in line with the thar'S mission, priltI8$, and govemin9 requirement5. It is the policy of the charity thal unrestrthd fund8 which have not been designatsd for a sp8ofie use should maintained at a lev818quivalent lo between three and six month's expenditure. The Truslees eonsider that reserves at thls level wjll ensure that, in the event of a significant drop in funding. they will be able lo continuo the char¢ty's CUfTent adivilies while consideration is given to ways in which additional funds may be raised. This level Df reserves has been maintained throughout the period. The unreslricled general reserves lexduding funds invested in tsngible fixed assets) 8131 Aijgusl 2025 sloc%l at a surplus of £678.298.
ONE HOME CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025 Plants for fuiure periods In FY25f26, the charity intends tts.. Begin construction of th8 new tr4Jilding Appoint a Food Bank Manager to strengthen provision and cast for the ftAure of the food bank model Expand our work in education and SEND. exploring oddllional OppInleS to support children, young P90pIg and adults Wrth addltional negds. Appolnl an Assock9te Pastor to dev6lop discipleship strategy Complete Phase one of the play park renovation and ¢ontinu¢ fundrnising efforts lo comp18ta tho fLII rfjfvrbishment, Maintain robust financial and govemance stsndards ensuring we remain compliant. 11?1 and aligned wilh our Christian value5. Struetur•. gov•rnanc8 4nd managgm•nt The Charity Is govemed by a board of volunle8r trust88s who bring a bréadth of expertise lo ensure good govemanee, strategic direction and 6ffectw& managamonl of opgralional requirements. Day-Io-Day management oflhe Charities actwales 15 delegated to the Senlor Lgadgrshlp team, who oversee the der team of both staff and volunteer department leads. TrustO8s rètain OV8fall r8sponsibilty for.. Sethng the Slralegic direction., Approving budgets and major policies,. Monitoring perfomanc', and, Ensuring that the Charity complies with legal and regulatory r8quirem•nts. The charity op&ratss as a thurch with a relational 8nd communlty-based structure 8UPPOrted by Tru$lee$. Training 1$ und8rtaken whgre n8¢essary. and ext8m81 adw¢¢ is sought when quIred. The Trustees who served during the period and up lo the dale of signature ofth& finan¢ral $tstements were. Mr C Papathanassi Mr D J Prideaux Mr T W Moncreaff Mr C P Saunders Mr M Warren Mr B Ellis Mr B Knight (Reslgned 17 May 20261 RKrnitm•nt and appointsn•nt of trust••s In line with the charitys constitution, apart from th8 first charity trusl¢gs. every trustee musl be appointed by a resolution passed al a property convened meeting of the charity Iruslees. In selecting indiwduals for appointsnent as charity Iruste&s the Irustees must hgvg reggrd lo Ihg skS1s. knedge and experfenco neèdèd for the effective administration ol the church.
ONE HOME CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025 Renwnerntlon pollcy The pay of key management personnel is reviewed regularly by a remunerallon group comprising Injstegs. Including the Treasurer, wllh input from the Finance Manager. No indmdual 18 invofved in setting Ihelr own remuneralKJn. In delem)lg approprfate18vels of pay, consideration is given lo the Charis financial position, external benchMalng Whe avallable. an¢J the responsibilitS and experience required for eath rok. The process ensures Ihal remuneration is fair, proportionate. and aligned with the charitys values and d)lectives, while enabling the organisats)n to recruit and retain suitably qualified staff. Other matt•rs The key management personnel of the ¢haTity as listed on page 6 are In charye of operating the chartty lo meets ils objects on a day to day basis. Two of the Trustees re¢eived rgmuneralion in the period as dlsdosèd in the note5 to the finanaal statements.. Details ol Trustèes, expen8e8 8nd related party transacliorvts are diselo$*d in Nolo 8 lo th8 financSal statements. Church AccountsAdmlnSslrator Zoe G¢)odyer Bankers.. Lloyds Bank pl¢ and Baidays Auditors." Azets Audit Sarvices, Gat8way Housa. Tollgat&, Chandkrs Ford, Hampshire, S053 3TG Chorfty Registsred Offi. Wnslgy House, 134 Main Road, Emsworth, Hampshire P010 8HA The pay of the Trustees Is rgviowed from lime lo lime based on increa8ed Tesponsibilrties and commitments, Changes lo tha ¢o$t of VIng and other revant factots. Rknk Assossment Pollcy The charity operates a safeguarding poIY eovering Children. young peeple. and adufts al risk. Al relevant staff and volunlgers are enhancgd DBS dwked an¢J follow 8 safer recruitment proce55. Heailh and safoty procedures are regularly reviewed in line with HSE guidance. statement of TNstees' responslblllll8s The Trustees gre responsible for preparing th8 Trustsas. Raport and th8 financial stalgmenls in aance with 8pplicab16 18w and United Kingdom Accounting Standards (United Kingdom Generalty A¢£epted A¢untIng Piactice). Th& law applicable to charitias in England and Wales requires the Trustees lo prepare financial st8tements for each financial p•riod which give a tru• and fair view of the stale of affairs of the charity and of Ihg Incoming resourcgs and applioglion of reswrces of Ihe charty for thal perfod. In pparing thèsè financi81 Stotemenls, the Trustees are requir&d to.. - se¢t sullable accounting policAes and then appty them consistenty., - obsewe the rrelhods and principles in the Charities SORP,. make judgement5 and estimales that are reasonable and prudent., slate whether applicable accounting standards hava beèn followe(I, subje(a to any material departures d18¢1osed and explained in Ihe financAal statèments., and ppare Ihe financial statements on the going con¢em bass unles8 it Is Inapproprlate to presume that the charity will continue in operation. The Tw8tees 8rè respon8lble for keeplng suffiaenl accounling records that disdose with re88onable acujracy at any timè Iht financial position of the charrty and enable them to ensure that the )Inandal stslemenls comply vAth the Charit& Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deèd. They are also responsible IOT safeguarding the asse15 of the charity and hence for taking reasonable steps for the prevention and delectKJn of fraud and other irregularities.
ONE HOME CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025 ' repNt was •ppro¥od iry Board OfTtee. Mr C P Saundws Trysts•
ONE HOME CHURCH INDEPENDENT AUDITOR'S REPORT TOTHE TRUSTEES OF ONE HOME CHURCH Oplnl¢n ha¥0 audited tha financi81 slalemewts of One Home Church lthe 'tharily'} for Ihe perlod ended 31 August 2025 whi¢h comprise the stslement of financial activities, the balance sheel, the stal8ment of ¢ash flows and notès to the nanaal ststemenls. including Significant acuunling policies. The financAal reporbng framework Ihal has bee applied in Iheir preparation Is applicable law and Unrtad lQngdom Accounting Standards. indud1 FinanThal Reporting Standard 102 The Financ1 Reporting Standard applicabl& in UK and Republic of Ireland (Unrted lfjngdom GeneralACCepted Accounting Pra¢tK81. In our opinion. the fin8ncSal stslement8'. give a true arKI fay wew ol the $18le of the charitls affairs as at 31 Augu512025 and of ils inming resour¢gS and apph'callon of re8our(8, for the period then ended., have been properfy ppared in a(axrdance vllh Unhed knngdom Generally Accepted Accounting Practic8,' and have been prepared in gocordance wilh the CharillesAd 2011. l¥ for oplnlon We conducled our audit in a¢u)rdan¢e with Inlemational Standards on Auditing {UKI IISAS (UK)) and applicable law. Our respongbiliti9$ under those sl8ndards are further descvib8d in Ihe Audilorfs rnsponsibililN8s for the audit of th8 finèncial statèmènts w#ion Of our report. We are independent of Ihe charty in a¢¢ordance with the e1hi¢ qvirennts th81 are relevant lo our audit of the finanaal statements in the UK including the FRC'$ Elhical Standard, and we have fulfiued our other ethical responsibilities in accordan¢¥ wilh these requirements. We belwe that the audit eviden we have obtained is sufficient and appropdale lo prow(le a basis for OUT opinion. Coneluslons rèlatlny to golng ¢on¢em In audrting the financial stalements. we hav• conejuded that the TnJ$lee$' use of the going eoncem bass of accounting in the preparation of the financlal stslemenls Is appropflale. Based on the work we have perfomed. we have not Idenrd any material uncertainliès r*L8ling to evants or ¢ondh6ons that, in¢Jivldu8lly or collectively, may cast significant doubt on the charty's abilrty lo continue as a going Onrn for 8 peri¢xl of al least e1ve months from when the financial statémanls are authorised for issug. Our responsibilities and tho responsibililie$ of Ihg Twslg9$ wlth r&spe¢t lo golng concem aro dgscrfbed in the relevant seclions of this report. Olh•r Inforniatlon Th8 Oth8T inf0mtIOn ¢omwi$e$ Ihg Information included in Ihtr annual report olher than the financlal 8tatem8nts and our aLtrdilorfs report thereon. The TTuslees are responsible for the other infomiat'on containèd within the annual report. Our opinion on the fin8ntyal slalemenls doey not cover Ihe other infomiation and wè do not express any frjrm of assur8neè condusion theOn_ Our responsibility is to read the other information and. in doing so, consider whether the other infoTmalion 15 materially Inconsistent with Ihe financlal statements or our knowledge obtain8d i) the course of the audit. or otherwise appears lo be materially missialed. If we identify material inconsistendes or apparent material misstatements, we are required to detemiine whether this gives ris8 to a material misstatement in the financial slalern8nls themselves. If, based on the work we hav8 perfomied, we condude Ihat theig 18 a material misstatement of this olher informth'on. wa 8re requirad to r8port that ts¢t. We have nothing to report in this r•gard. M•ttsrn on which required to r•port by excoptlon Wg havg nolhlng lo rgport In respect of the following matters in relation to which thg charl1$ {Accounts and Reports} Regulolions 2008 quireS us to report to you if. in our opinion.. the infomiation given in th8 financial statamants is inconsistt in any malgrial respect with the TnJstees' report., or sufflcienl a¢counling recnrds have not been kept.. or the finanaal statèments are not in agreement with the accounting records,. or wè have not recaivad all th& information and èxplanations we require for r audit.
ONE HOME CHURCH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ONE HOME CHURCH Rospon8lbllltle¥ of TN•t••s As explained more ful in the statement of Trustees, responsiknlities. the Trustees are responsib for the preparation of the finanaal statemants and for being satisfiod that thay grve a true and fair view, and fw su intemal control as the Trusteas dètèmiinè is nècessary to enablè thè preparation of financAal statemen1$ that are free from material mlsstatemenl, whether due to fraud or 9rror. In preparing the finanaal statements, the Trusteès are responsible for assessing the charity's ability to ntinUe 4$ a going LX)ncern. disclosing, as applicèble, matter5 related lo going ¢oncem and usbng the golng ¢oncem basls of accounting unless the Trustees •ither intend to coas8 operaliL)ns. or have no realist attemative but lo do so. Audltorfs respofisSbllltles for th• •udlt of th• flnanclal ¥tstom•nts We have been appointed as audrtor under section 144 01 the Charities Ad 2011 and fyport in accordanc8 th th& Aot and relevant regulg1ion$ m8de or having effecl thereunder. Our object$ are lo obtain reasonable assurance about whether the financial statements as 8 whol8 are free from material misstatement, whether due lo fraud or error, and lo issue an audiloTS report that indudes our opinion. Réasonabte assurance is a high level of assurance bul is nol a guarantee that an audit conducted in accordance th ISAS (UK) w¢ll always detect a matèrial misstatem8nt when il 0st$. Misstatements can arise from fraud or error and are considered material rf. individually or in the aggregate. Ihey could reasonabfy be expected to influènc• the e¢onomic decisions of users tsken on the basis of these financral stalemenls. A further description ot our re3pon5ibilities is available on the Financ1 Reporting Councl's web811e al.. https'.11 Yww.frc.org.ukJauditorsresponsibililies. This description forms part of our auditorfs report. ext•nt to whlch Iho audSt was con8ld•rod eapablo of d•t•etlng Irr•yularltl•s. In¢ludlng trdud Irregularities, induding fraud. are instances of notF¢omplian¢e wllh laws and regulations. We design prowlure8 in line wth our responsibilrf]'es, oudined above and on the Financlal Reportrng Council's website. lo detsct maleiial mi55talemgnts in respect of irregul8titie8, including fraud. We obtain and update our understanding of the entity, its actNitieB, its Cntrol gnwronment, and likely luttjre developments, induding in relation lo the legal and gUlatOry framework applicable and how the entity is complying wrth that framework Based on this understanding. we identify and assess the ri$k8 of material misstatement of the financial slalements. whether due to fraud or error, design and perfom) audit Pfoeedures responsive to Ihosè risks, and obtain audtt evidence that is SLthcienl and appropri*9 to provide a basis for our opinion. This indude5 considaration of the risk of acls by the Sntity th81 w8rè contrary lo applieablÈ laws and regulations. indudlng fraud. In reswn8e lo the sk of iiregulaiities and non-compllartce with law8 and regulations, induding fraud. we designed wocedures bthich induded.. Enquiry Df managernenl arKI Ihjse tharged with governance around actu81 and Itential litigation and claims as w811 as actual, suspecl•d and alleged fraud., Reviewng minute5 of meetings of those charged with 9ovemance'. Assessing the exignl of mplIance Ihg laws and regulallon$ con$ldered to have a direct m81erfal effeci on Ihe finanaal siAtem8nls or the operations of thè entity through ènquiry and insp8ction,' R9M8wing ffinan¢ial slalemenl dl8closures 8nd te811ng 10 8UPW)tlng documentation to assess cOMlance with applcabl& laws and regtJlèlions', Performing audit work over the risk of management blas and ovethde of controls. incbjding lesling of jouinal entrie5 and other adjustments fof apprE)prialeness, evaluating the business rAtionale of srgnificant tr8n$8ctK)ns outside the normal course of Iwsines5 arHJ reviewing aixxuntin9 8Stimat&s for indicators of potential bias. Because of the Inherent limitations of an audit, there is a risk that we wll not detect all irregulaTrties, iruding thosè leading to a material mis51atement in the financial statemerrts or n0ComplIance wth regulalion. This risk increases the more that compliance with a law or regulation is T8moved from the èvents and transactions refl&¢tgd in the financral statements, as we be lèss likety to become aware of instances of non-compuance. The risk of not datecling a matefial misstat8mant resutting from fraud is highèr than for one r$sung frorn error, as fraud m8y Involve cdlusion, forgery, intenlFonal omissions, misrepresentatsons. or the override of internal o)ntrol. 10-
ONE HOME CHURCH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ONE HOME CHURCH Use of our report This report is made SOlY lo the charity's Iruslees, 8$ a body, in a(xordan¢e with Part 4 of the Charities IAccoun15 and Report5) Regulatlons 2008. Our audll work ha5 been undertaken so that we m4ghl state to the charitys tnjstees those matters we are required to state to them in an auditor's report and for no other puipose. To the bjifest extent pennitted by law, wg do not ?pt or assume respOnbilitY to anyone other than the c*arty and the chariVs trustees as a body, for our audit work. for this report, or for the opinions we have fomwd. Jon Noble {Senlor Ststutory Audltor) For and on behalf of Azets Audit ServiGt$, StatutoryAuditi>r Charterpd Accountsnt• Third Floor, Gatéway Hou58 Tollgale Chandlers Ford Hampshire S053 3TG o J. 2d£ 11
ONE HOME CHURCH STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 AUGUST 2025 Unrestiict•d Regtrict•d funds fvnd$ 2026 2025 Total Unr•strletsd Rostrlctod funds fund$ 2024 2024 Totsl 2025 2024 Noto# Income and endowments from: Donallons and legacies Charitablé 8¢tivib"e$ Outr83th activty income 896,220 580,804 1,277,024 377,834 21J4,276 582.110 160,639 160,639 82,445 82,445 Inve8trnenl8 Olher income 40.822 250 40.822 250 2,603 1,989 2,603 1,989 Total Incom• 897,931 580,804 1,478,735 464.871 204,276 669,147 ExndItur• on.. Charliable actiwb'es 824,291 94,995 919.286 425,287 70.053 495.340 Totsl •xp•ndlture 824.291 94.995 919,286 425,287 70,053 495,340 N•t incom• 73,840 485.809 559.449 39.584 134,223 173,807 Transfers b&ts¥gen funds 1893) 893 8,357 18.35n Not mov•m•nt in funds 72.747 486,702 559,449 47,941 125.866 173.807 Recon¢ili#tign of fund¥- Fund balanc•s at 1 April 2024 1,988.624 182,804 2,171,42B 1.940,683 56,938 1,997.621 Fund lIn¢•$ at 31 AugU$t 2025 2,C61,371 669,506 2.730.877 1.988,824 182,804 2,171,428 The stslemenl of financral actmties includes all gains and 108se8 recogni8ed in the period. All Income and expendire derive from continuing acbvitias. 12-
ONE HOME CHURCH BALANCE SHEEr ASAT31AUGusf2025 2025 2024 Flxed assets Twitrle assets 11 1,383,073 1,324,286 Sltx&5 DèbtLYs Cash ai bank PAnd 12 13 1.024 127.984 1267.937 2,000 $0,048 831,874 1.3945 883,922 Creditorn: Amounts faFllng du• Twlthln on• y• 14 149.1411 (36.780) 1.347.804 847.142 Total asmts leBs ¢urr•nt IhWllth• 2.730.877 2.171.428 Thts fvnd• ofth• thaY Réstrictsd Inco funds unrestri funds 669,5C 2.061.371 182,804 1,988.824 17 2,730.877 1171,428 The Kaal lements w8rè approlnd ty the TTustsas on........................ MrCPS nders 13-
ONE HOME CHURCH STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 AUGUST 2025 2025 2024 C•Ah 110ry1 from op•rntlng aefl¥ltl•• Cash generated from Operatn$ 20 497,584 192,587 InveNting activiti•8 Purchase of tsngible flx¢d assets Procaeds from dlsposal of tanglble fLxed assèts Imi&slm8nt incom8 f8c8N8d {102,5931 {15,105) 250 40,822 13.227 2,603 N•t cash lu$ inVg•n•rtsd from inv•sting activiti 161,5211 725 Not ¢a$h u$gd In flnan¢lng athStlo$ N•t In¢roaie In cash and cash •quival•nts 436,063 193.312 Cash and cash equivalents at beginning of period 831,874 638,562 C•sh and ¢•$h èqui1*1 at ènd of ptyriod 1,267,937 831,874 14-
ONE HOME CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025 Accountlng pollcl Charlty Infommtlon One Home Church is a Charitable Incorporated Organl8allon reglslered on 15 Decembèr 2022. 1.1 Reporting p•riod The current period financial slalements cover a period of 17 months (comparatfvgs 11 mnlhs). The Change in actotjnting pèriod reflects the t6rnlngs of how Ihe thariiy operates. 1.2 Accounting conv•ntion The financial statenIS have been prepared In accordance wtth Ihg charltls goveming doojmonl. the Charities Act 2011, FRS 102 'The Finanual Repctthng Standard applicable in the UK and Repubbc of Ireland. I'FRS 1021 and the Charits8s SORP 'A¢nting 8nd Reportlng by Charities.. Statement of Recommended Practic8 applicable lo charili8s préparing their a¢counts in accordance wth the Finanoal Rfrporting Standard applicable in the UK and Republic of Iland (FRS 1021" leffective 1 January 2019). The chorty is a Public Bgnefrt Entity as deffingd by FRS 102. The Ilnanclal slalamenls are prepared in sterling, which is the functional currency of the charty- Monétsry amounts in these financial statements ar8 rounded lo Ihe nearest £. The ffinancial stgtements have been propared under the historical cost convenlk)n. The princlp81 a¢ts)unling pdiaas adopt•d arè sèt out bèlow. 1.3 Going ¢oncern At the lima ol approving the financ181 slal8menls. the Trusleas have a rèasonable expectation that the charity has ad4uate r8sourcès to ctsnlinue in operalional existence for the foreseeable future. Thus the Tru$le continue lo adopt the going concem basls of accounlng in Preparing the financial ststèm8nl$. 1.4 Charltabl• funds Unrestricted fijnds are availablg for uso al the disL¥etion ol the TNslee5 in furtheran of Ih&ir tharilable objectNes. Restricted funds are subject to SP8clfic condmlons by donors or grantors as lo how they may b& used. Thè purposes and uses of the restricted fvnds are Set in the notes lo the finanrAal statam&nts. Endowment funds are subject to spaofic ¢ondltion$ by donors th* the capf(al musl be maintained by th8 charity. 1.5 Income Voluntsry income and donations (Induding legaciesl ar8 acc#Junt8d for orbce the ¢harity has entillement to the income, il is probable the income will be receNed, and thè amount of incomè receivable can b& reliabty measured. Where material assets are donaled to the ¢harity for it$ use, these are rApÈialised at the esb'mated rnarkel value al the date of the gift and induded under income. Grants are received by the charity for use of supporling the local community. Grants are recognis8d in full in the accounts once all conditions are met under the pèrfomance model. 1.0 Expgnditurn Expendiiur& is recognised on¢¢ th¢re 1$ 8 19901 or Constructive obligation lo transfer 8conomi¢ beneffit to third paity. it is probable that a Ir8nsfer of economlc benefits will be required in setuement. and the amount of thè obligation can be maasurèd lIablY. Expendrture Is accounted for on an a¢#1$ ba8is and has been dassrfied under héadings Ihal aggregat• all sls relal¢d t¢ the category. ere costs cannot be directty attribuled to partIlar headings they have been allocated on a basls ¢on$istent with the use of resources. 15-
ONE HOME CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025 A¢¢ounting policies IContlnu•d) 1.7 Tanglbh fixod ass•ts Tangible fixed assets are initially measured 8t cost and subsequently measured at cost or valuation, not of deprec4ation and any impaimignt losses. The charity h86 8 threshoid for fixed assets ba8ed on a purthase cost of£500, unless agreed otherwise by the Trustees on a case by case ba51S. Depreciation is recognisg(l so as lo wrfle off tho Cost or valuation of 888ets less their resldual values over Ihetr useful INes on the following b8S•S'. Freohold land and building$ Plant and equiprnenl Fix1ures and ffttINJs Computers Motor vehides Not depreciated Straight line over 4 years Straight line over 4 years Straight Ilne over 4 years Slraighl line over 4 years F¥eehold land 15 not deprecAat8d. Freehokl prOlty was roStat¢d to fair value on transillon lo FRS102, and this value Is treated as deemed Cost golng forward. Equipment and ffttings ar8 capitali$ed al cost. No deprecialion is provKled on Ihg freehold buildlngs of the Trust where the èslim8led residual value L% considèred to ba samè as, or higher than Ihe carrying vahje in the financial ststemenls. These are belng fvlly maintsinèd to a high standard which prolongs Ihelr useful lives and enhances their rasidual values. Ac¢oidingly, the Trustees con5Kler any depreciation arising to be insign¢an1 and immaterial. The gain or loss arising on the di$p05al of an asset is delefmlned as the dTrTeren between the salè proeèÈd$ and the carrying value of the asset, and is recognised in the statement of finan¢ial activities. IMpalrnnt of flx•d 4•8•ts At each reporting end date, th8 charity eWS the carrying amounts of its tangible assets lo det8m)ine whether th8re is any indi¢alion th* those a53els have suffered an impaifrnenl loss. If any such indicalK)n exists, the recoverable amount ol the asset is estimated in order to determine the extènt of the impairment lo$$ lrfany). 1.9 Slo¢ks Grfts in kind are donated food. These havè ba•n valued using the average prite that the eharity would hav8 had to pay to aquire the goods. Gifts in kind are rè¢ogni$ed when received. The value of undistributed goods is valued at each year •nd and induded in the accounts as stock. 1.10 Cash and cash equfvahnts Ca$h and cash equivalent5 include cash in hAnd, deposrts held at call with banks, other sh(wt-tem liquh inveslrnenls with original maturities of thr88 months or less, and bank ovgidrafts. Bank ov9rdrafts are shown within borrowings in curTent liabilibes. 1.11 Finan¢lal IMtrum•nts The charTty has elected to apply tha provisK)ns of Saetion 11 'Ba$i¢ Financial Inslrum9nts' and Section 12 'other Financial Instruments Issues, of FRS 102 to all of Its fin8ncS81 Instruments. Finanual instruments ale recognisèd in thè ¢han5 balance sheet when th6 charty be¢omes party to th& cvntractual promsions of the inslwment. Financial assets and liabllhle8 are offset, woth the nel amounts presented in the financial 3talam8nts, when thgre 1$ alogalty fynfor¢&ab righl lo sel off the recognised amounts and there 1$ an Intention to sewe on 8 net basis or to rè81ise the 8ssel and settle the liability simultaneously. 16-
ONE HOME CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025 A¢¢ountlng pollcles IContinu¢dl Basic financlal assats 8a5ic financial a55et8. which indude deblor8 and cash and bank balan¢es, are Inttialty measureil at Iransadion price including transaction costs and are subSequenY Carried at amoriised cost using the effective interest method unless the arrangement constitutes a financing Iransaclion, where the transaction is measured at thè present value of the fvture receipts discounted al a market rate of intero81. Financial assots lassifi&d as recearA@ wilhbn one year are not amortised. 81¢ IYnan¢i&l libilities Basi¢ fin8n¢ial liabilities, induding uedrtors are initially recognised at tran$aclion prico unlgss the arrangement constilutes a financing transaction. where the debt instrument is measured at the prèsenl value of the future payment5 discounted at a market rate of interesL FSnan¢ial liatsilities classrfipd os payable wthin one year are not amortised. Debt instruments ar8 subsaquanlly eattied #t 8mtiTbsed cost, using the effective interost rat$ method. Trade cedilors are obfigations lo pay lor goods or seTrices that have been acquired In the ordinary course of op8ralions from suppliers. Amounts payab afe dassffied as current liabilitias rf payment is due wthin one year or less, If not, they are presenled a$ nowurrent li4bilitiè$. Trade creditors are recognised inTtially al transaction price and subsequentty measured at amorfised cosl using the effectrve inleresl metlK)d. D•rneognition of financi¥lli4bili¢ies Finanaal liabiliti8s are derecognis&d when the ¢harity's conlraciu31 oblig81ions explre or a diBcharyed or cancelled. 1.12 Employee ben•ffly Thè cost of any Unu holiday entidement is recognised in the period in whith Ihg employee's servicgs are recelved. Temination benefits are recognised immediataty as an 8xp8ns8 when th8 charrty is demonslrabty committed to tèminate the tsmploymenl of an employee or to provide tarmin8tion benefits. 1.13 Retlrement b•n•flts Payments to defined contributs'on raliremant benèfft schamas are Chargèd as an expense as they fall due. Incom• from don•lJon$ •nd1ogaGio1 Unr•strlct•d R•itrlel•d funds funds 2025 2025 Totsl un•trICt¥d Rg$trl¢tsd lunds funds 2024 2024 Tolal 2025 2024 0ti(s and gifts Grants Gift aid 586,013 2,870 1D7,337 433,932 1.019.945 95,170 98,040 51,702 159,039 321.347 1,650 54.837 125.054 57.950 21.272 446,401 59,800 76,109 698.220 560,804 1,277.024 377,834 204,276 582,110 Grants Grant In¢>)me 2,B70 95,170 98,040 1,850 57.950 59.800 2,870 95,170 98,040 1,650 57,950 59,600 17-
ONE HOME CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025 Incom• lrnm charltabl• actfvftl•# Unr•stri¢t¢d fund$ 2025 Unr•$trl¢tsd funds 2024 Outrea¢h a¢lS¥lty Income Sale of goods charftab rental income 125.747 34.892 80,120 22,325 760,639 82,445 Ineom• from Inv•stmènts Unrtstricted UnM#tricttd fund¥ nd• 2025 2024 Interest receivable 40,822 2.603 Other In¢ome Unrestrlct•d Unreslri¢ted lunds fund 2025 2024 Nel gain on disposal of tangible fixod assets 250 1,989 18-
ONE HOME CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025 Expendlthr¢ on ¢h1rftab a¢tivitie$ Chavttable ¥¢tfvlties 2015 Charftab activitt 2024 Dlyèct ¢08ts Stsff costs Depreoation and impairm8nl Teaching & outreach Postage, printing & stationery 393,432 43,806 109,886 3,838 195.826 111,024 4,291 t li Property expenses Bank chargas Travel & subsisten Subscrlplons Consultancy Gifts & entertainment Telephone Audit & accounlancy Closing stock 203,400 7,771 14,071 20,488 34,225 7.378 8.437 13,580 (1,024) 119.344 4.390 12,250 4,075 10.279 5,425 12,fy)01 919,286 495,340 Analy$l¥ by fund Unrestricted funds Restricted fvnds 824,291 94,995 425,287 70,053 919,286 495,340 Mgt movemont In fund$ 2026 2024 The net movement in funds is slated after L*iarglngll¢rndtbngl'. Fees payable for the audit of the chanty8 financial statements DepraOn of owned tangible fixed as8ets Profft on dispos81 of tangible fixed 8ssèts 12,000 43.8C 1250> 26,006 11.9891 Trustses During the p8riod 2 Irusl8es were also omploy8•s of tha chartty in whi¢h capacty they receivgd remunwalk)n of £105,10312024". £66,678) and pensEon ¢ontribulioii8 of £3.15312024.. £1,845). During the period exFense payments tolalling £39412024.. £2791 were paK11o trusleos.
ONE HOME CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025 Employ••# The average monthty number of employe05 during the period was.. 2025 Mumb•r 2024 Number Employees 17 Employm•nt ttr 2026 2024 Wages and salaries So¢ral $erJJrity costs Other p&n$v)n ¢osts 372.402 12,249 8,781 184,947 6,642 4,237 393,432 195.826 There were no employees whose annual remunerats'on was mr8 Ihan £60,000. R•mun•ratlon of kèy managtm•nt ytsonngl The remuneration of key manag8rnent personnel wa$ as follows.. 2025 2024 Aggregate wmpensallon 1e6.468 73,311 Salaries of £32,29712024.' £15,1&81 and p8nsion Gontribulions of £97412024.. £420) were pald lo relaliv6s of key management personnel. 10 Taxallon Th¢ charity is exempl from on income and gains on its rharitsble a¢tivrties. -20-
ONE HOME CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THEPERIOD ENDED 31 AUGUST2025 11 Tanglbh fix•d I•ts Freohold land ar bulldkn Pknnt and Flxturns •nd •qulpm•nt Computerd otor vehkl•% Total Cost At 1 April 2024 Additions Disposals 1,280,000 28,706 35,516 300,968 59,835 1250) 4,691 7.242 7.300 1,619,665 102,593 1250) At 31 Augusl 2025 1,280.000 62,222 360,553 11.933 7,300 1,722,C D•pmel#llon and impalrnRrrt At 1 April 2024 Depredab"on chaiged in the period Eliminated in respect of disposals 8,777 277,940 1.362 7.300 295.379 14,935 25.222 3.649 43.8( 1250) {2501 Al 31 August 2025 23.712 302.912 5.011 338.935 Carying amount Al 31 August 2D25 1.280,OIJO 38,510 57.641 8,922 1.383,073 At 31 March 2024 1,280,000 17,929 23,028 3,329 1.324.286 12 Stoeks 2025 2024 Raw nwleriaL8 and consum8bloS 1,024 13 Debtors 2025 2024 Amounts f•lling withln on• ygar: Trade debtors Other debtors Prepaymen15 and accru8d income 23,OKI 8,059 7,919 36,070 104,411 127,984 50,048 27
ONE HOME CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025 14 Crndltors.. amounts falllng du• rfthln one yr 2025 2014 Trade credttors Accruals and def8rred income 8,093 41,lJ48 11.377 25.403 49,141 36.780 15 Retlrnmènt benefft s¢heme 2025 2024 Dofined ¢onts1butlon 8chemeJ Chargè to profit or loss in respect of defined corttributK)n 8¢hemes 8,781 4.237 The Charfty operates a defined contribution pension s¢heme for all qua1lfyg employoes. The assets of the scheme are held separatdy from tho$e of the charty in an independentty administered fund. -22-
o)uJ
ONE HOME CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025 17 Unrestricted funds The un51cted funds of the charity compri50 th8 un8xpendgd balan¢e$ ofdonalions and grant8 whlch ar8 nol subject lo speclfic conditions by donors and grantors as to how they may be used. Those indude degnated funds which hav• bogn 591 aside out of unfe3lrKted fund8 by the truste8$ for sFrtthc purpose5. At 1 Aprfl 2024 InGomlng r•souYc R•sour¢8s •xp•nd•d Transf•rn At 31 August 2025 Gongral funds 1.988,624 B97.931 1824,291) 18931 2.(61.371 Prèviou• Pgriod: At 1 Aprll 2023 kncomlng r•soure•s R•50urGos xnd•d Transfors At 31 March 2024 Ganèral funds 1,940,683 464,871 1425.287 8,357 1.988.624 11 Analysi$ of ngt ats b¢lwMn fund8 Unre•tricted R•s¢t•d funds fund$ 2026 2026 Totsl 2026 At 31 Augut 2025: Tangible assets Current asset51lb.abililies) 1,383,073 678.298 1,383.073 1,347.B04 669.506 2,(61,371 669,S(kS 2,730,877 Unr•8trS¢tèd funds 2024 R•strlcted fundr 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsluiabilities) 1,324.286 664,338 1,324,288 847,142 182.804 1,988.824 182.804 2.171.428 24-
ONE HOME CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025 19 R•lat•d prty transactions Trans•ctFon$ wlth related partle$ During the period the charity entered into the following transactions with r8lat8d partiO5.' Unr•strlet•d don•lltsn 2025 2D24 Restrlct•d donatlo 2026 2024 Trustees Olher related partS 41.660 12,833 25,810 22,342 52,223 3,150 18.156 6.200 54,293 48.152 55.373 24.356 20 Ga¥h gornt•d from op•rntlon$ 2025 2024 Surplus for th& period 559.449 173.807 Adjustments for. Investment Income rècognised in statement of financial actwities Gain on dispo$81 of tangible ffrAed asse15 Depredatlon and impairment of tangible fix•d assets 140,8221 1250) 43,806 12,6031 (1,9891 26,006 Mov•m•nts In working ¢aprtsl: Decrease in slo¢ks (IneaSe) in debtors Increase in creditors 976 177.936) 12,361 800 122.4991 19,065 C•Jh genèrated from Opernon 497,584 192,587 21 An•1$ of chang•s In fund$ Th& charity had no mat•rial dèbt during the year. 25-