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THE OXFORD GROUP

Registered charity 226334 · accounts filings on the Charity Commission register · also known as INITIATIVES OF CHANGE-UK

Our programmes are varied but include initiatives to develop sustainable communities; making films about conflict resolution; working to bring trust and integrity into the business and financial sectors; helping young people to find a sense of vocation.

Causes: General Charitable Purposes · Religious Activities · website · Get email alerts

Latest income
£375k
Latest spending
£2.3m
Registered
1964
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the Charity incurred a net decrease in funds of £1,297,096 for the year, driven by a structural deficit where annual expenditure significantly exceeds annual income. Per the trustees' report, unrestricted free reserves are held at £3,018,037, which is above the stated policy target of approximately £500,000, though the general fund itself shows a deficit of £312,275. The trustees maintain that the Charity has adequate resources to continue in operation, supported by designated funds and expendable endowment funds.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £110,001 - £120,000 — above the 90th percentile for charities its size (median £60k)
“One employee earned more than £110,000 and less than £120,000 in 2024” — page 29
Per its FY2024 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“One employee earned more than £110,000 and less than £120,000 in 2024 (2023 One employee earned more than £60,000 and less than £70,000).” — page 29
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: three months of unrestricted expenditure, approximately £500,000 (held: £3.0m)
“The Trustees’ aim is to maintain unrestricted free reserves at a level which equates to at least 3 months’ unrestricted expenditure, approximately £500,000.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Ian Corcoran received £7,180 in consultancy fees; Margaret Cosens received £12,000 in consultancy fees in the prior year.
“Since his appointment as a trustee Ian Corcorran has continued to provide consultancy services, fees in 2024; since 15 Aprril 2024 fees of £7,180 have been paid. In 2023 Margaret Cosens provided consultancy services to the company for fees of £12,000.” — page 23
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Ian Corcoran, a Trustee, received consultancy fees.
“Since his appointment as a trustee Ian Corcorran has continued to provide consultancy services, fees in 2024; since 15 Aprril 2024 fees of £7,180 have been paid.” — page 23
“In 2023 Margaret Cosens provided consultancy services to the company for fees of £12,000.” — page 23
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Margaret Cosens, a former Trustee, received consultancy fees.
“Since his appointment as a trustee Ian Corcorran has continued to provide consultancy services, fees in 2024; since 15 Aprril 2024 fees of £7,180 have been paid.” — page 23
“In 2023 Margaret Cosens provided consultancy services to the company for fees of £12,000.” — page 23
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Goodman Jones LLP. Discloses 6 of 6 completeness components.

Property (HM Land Registry)

3 registered titles in England and Wales held by the charity’s company or corporate body (2 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/12/2022)

Total income
£614k
Total spending
£2.1m
Cost of raising funds
£269k
Reserves (reported)
£11.6m
Employees
23

Reported reserves equal ~65.8 months of spending — in the top quarter for charities its size (median 7.0 months; benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£375k£2.3m
31/12/2023£371k£2.2m
31/12/2022£614k£2.1m
31/12/2021£798k£2.0m
31/12/2020£1.1m£1.9m

Common questions

Is THE OXFORD GROUP financially healthy?

Per its FY2024 accounts: The accounts state that the Charity incurred a net decrease in funds of £1,297,096 for the year, driven by a structural deficit where annual expenditure significantly exceeds annual income. Per the trustees' report, unrestricted free reserves are held at £3,018,037, which is above the stated policy target of approximately £500,000, though the general fund itself shows a deficit of £312,275. The trustees maintain that the Charity has adequate resources to continue in operation, supported by designated funds and expendable endowment funds. Its FY2024 accounts were audited by Goodman Jones LLP.

What does the highest-paid employee of THE OXFORD GROUP earn?

Per its FY2024 accounts, the highest-paid employee was in the £110,001 - £120,000 band, and 1 employees earned over £60,000.