ONE COMMUNITY GLOUCESTER
One Community is a multifaceted Christian-based charity serving local, national and international needs. It is a charitable arm of One Church Gloucester and was established in 2010 to help further the work of One Church Gloucester working locally in our city, nationally in the UK and internationally
Financial health, per its FY2024 accounts
The accounts state that the charity finished the year with a small deficit of £1,740, resulting in a decrease in net assets to £18,949. Per the trustees' report, the charity held unrestricted cash of £19,333 at year-end, which complies with its reserves policy of holding no less than £10,000. The trustees confirm that the charity has adequate resources to continue operating as a going concern for the foreseeable future.
What the accounts disclose
“The majority of our income comes from housing benefits received for our residents. In 2024, we collected £33,475 in housing benefits” — page 6
“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.” — page 7
“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.” — page 15
“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.” — page 13
“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.” — page 15
“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.” — page 13
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £37k | £38k |
| 31/12/2023 | £38k | £43k |
| 31/12/2022 | £44k | £43k |
| 31/12/2021 | £43k | £36k |
| 31/12/2020 | £33k | £27k |
Common questions
Is ONE COMMUNITY GLOUCESTER financially healthy?
Per its FY2024 accounts: The accounts state that the charity finished the year with a small deficit of £1,740, resulting in a decrease in net assets to £18,949. Per the trustees' report, the charity held unrestricted cash of £19,333 at year-end, which complies with its reserves policy of holding no less than £10,000. The trustees confirm that the charity has adequate resources to continue operating as a going concern for the foreseeable future. Its FY2024 accounts were independently examined.