REGISTERED COMPANY NUMBER: 03092197 (England and Wales)

REGISTERED CHARITY NUMBER: 1048842

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

OneBodyOneFaith Ltd.

Page

Report of the Trustees

1

to

7

Independent Examiner's Report

8

Statement of Financial Activities

9

Balance Sheet

10

Notes to the Financial Statements

11

to

16

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Charitable objectives

The charity's objects are:

- to advance the Christian religion for the public benefit in accordance with its Statement of Conviction, including by raising awareness and understanding of theological issues relating to sexuality and gender identity, promoting fellowship and pastoral support, and organising prayer and reflection; and

- to advance public education about the needs and experiences of lesbian, gay, bisexual, transgender and intersex Christians, and to promote acceptance of diversity so that they may live without fear of rejection or recrimination and be fully included in the life and ministry of the Church.

The Statement of Conviction affirms human sexuality, sexual orientation, and gender identity in all their richness as gifts of God. It expresses the charity's hope for the full acceptance, welcome, affirmation, and equality of people in all their diversity within the Christian Church.

Strategic approach

During the year the charity continued to work within its 2023-2026 strategy, whose central themes were safety and joy. Its ambition was to enable LGBTQ+ Christians not merely to survive, but to thrive. The charity combined pastoral support, worship and community, public education, resources, campaigning and advocacy, and partnerships within and beyond the United Kingdom. It sought to bring a distinctively LGBTQ+ Christian voice to churches, public debate, and ecumenical networks, while providing spaces in which individuals could integrate their faith, sexuality, and gender identity.

Achievements and performance

Overview

Across the 2019 - 2025 period, the charity's work strengthened its reputation as an ecumenical, collaborative, and internationally connected LGBTQ+ Christian organisation. In the reporting year it continued to deliver activity under the themes below, while also confronting a material deterioration in its financial sustainability.

Pastoral support, worship, and community

- Rhythm continued to provide an intentional online community in which LGBTQ+ people could develop their spirituality and experience belonging through regular gatherings.

- The charity developed Rhythm from online activity into day and residential retreats. Retreats were offered free or at subsidised rates, supported by grant funding, and participation broadened across age, gender, sexuality, and allyship.

- Pastoral enquiries continued to be received regularly, typically averaging around one each week.

- The charity held and supported worship and fellowship, including members' activity, Big Queer Carols, and memorial services for LGBTQ+ people harmed or lost in church contexts.

Education, resources, and leadership

- The charity maintained and developed Advent and Lent programmes, the Amazing Love video material, the "LGBT+ and Christian 101" blog series, and resources designed to help Christians become effective allies.

- It worked with Just Like Us on religious education content for schools.

- It delivered inclusion and theological engagement in settings including Oakhill Secure Training Centre and developed leadership work with Churches Together in England and international partners.

- Demand for Big Queer Carols resources remained strong: in 2025 there were more than 50 requests to use the materials locally.

Advocacy and public witness

- The charity continued to play an active role in the Ban Conversion Practices Alliance and to advocate for the dignity, safety, and full inclusion of LGBTQ+ people in church and society.

- It responded publicly to major developments affecting LGBTQ+ communities, including the UK Supreme Court judgment concerning the definition of "woman" in the Equality Act 2010 and Uganda's anti-homosexuality legislation.

- It continued engagement with political institutions, government, and church decision-makers, including work connected with Living in Love and Faith.

Partnerships, ecumenical, and international work

- The charity worked through Christians at Pride, supported local activity, and engaged with UK Black Pride and other LGBTQ+ faith organisations.

- It maintained its role within the European Forum of LGBTI+ Christian Groups, including board representation, conferences, and workshops.

- International leadership activity and relationships included work in Canada, South Africa, and Australia. The South African Leadership Symposium and Wellness Retreat provided rest, hospitality, worship, and mutual support for LGBTQ+ Christian activists and leaders.

- The charity's ecumenical breadth enabled it to convene people across denominations and traditions and to offer partners a combination of facilitation, theological reflection, peace-making, pastoral insight, and lived experience.

Communications and organisational development

The charity improved its customer relationship management, newsletter format, social media planning, and use of digital tools. This supported more systematic engagement with members, supporters, and beneficiaries. Since 2020 the charity secured £109,750 in grant funding, enabling retreats, leadership programmes, research, international symposiums, strategic development, and access to subsidised provision. Governance policies and systems were also strengthened, and trustees, patrons, staff, and volunteers contributed significantly to delivery.

Performance challenges and learning

The achievements described above were delivered against an increasingly difficult financial and organisational background. Membership subscriptions fell, grant income reduced substantially compared with the previous year, and the charity's cost base, particularly staffing costs, could not be supported by recurring unrestricted income. While funded projects extended the charity's reach and impact, restricted funds could not generally be used to meet all core costs. The trustees' subsequent review concluded that the breadth of the charity's ambition had become disproportionate to its sustainable income and operational capacity. This assessment has been central to decisions about its future.

Public benefit

The trustees confirm that, in planning and reviewing the charity's activities, they had due regard to the requirements of section 17 of Charities Act 2011 relating public benefit published by the Charity Commission for England and Wales. The charity furthered its purposes for public benefit by working to reduce discrimination and its harmful effects, including effects on mental health; strengthen tolerant, diverse, and inclusive communities; support LGBTQ+ people in integrating religious practice and spirituality with their identity; educate churches and the wider public; and challenge the assumption that Christian faith communities must reject LGBTQ+ people.

Its services and resources were available beyond the formal membership, and its advocacy, educational work, partnerships, and public communications were intended to benefit LGBTQ+ Christians, their families and allies, churches and church leaders, educators, and the wider public.

STRATEGIC REPORT

Financial review

Results for the year

Total income for the year was £57,797 (2024: £121,339), comprising £24,240 from donations, legacies, and grants, £31,106 from charitable activities, and £2,451 of investment income. Income from charitable activities included membership subscriptions of £25,608, sales and fees of £1,028, and educational archive royalties of £4,470. The reduction in total income principally reflected the absence of the £50,000 Sir Halley Stewart Trust grant recognised in 2024, lower grant income more generally, declining membership income, and lower archive royalties.

Total expenditure was £116,858 (2024: £125,296), of which staff costs were £81,268 (2024: £75,091). The charity therefore recorded net expenditure of £59,061 (2024: £3,957). At 31 October 2025, total funds were £118,575 (2024: £177,636), comprising unrestricted funds of £81,724 (2024: £133,395) and restricted funds of £36,851 (2024: £44,241). Cash at bank was £101,356 (2024: £146,754), current assets were £121,945 (2024: 182,588), and creditors falling due within one year were £3,370 (2024: £5,376).

The reported deficit demonstrates that the operating model during the year was not sustainable from recurring income. Membership subscriptions, donations, grants, fees, royalties, and interest all supported the charity's purposes, but the charity remained dependent upon reserves to fund its activities.

Restricted funds

At the year end, £36,851 was restricted and unavailable for the charity's general purposes. This comprised £36,851 remaining from the Sir Halley Stewart Trust grant. The Open Theology Trust fund was fully applied during the year, including a transfer of £3,722 from unrestricted funds where funds were diverted against expenditure in excess of restricted income, as reflected in the financial statements. Restricted balances will be applied in accordance with the relevant donor restrictions or dealt with only with appropriate donor and professional advice as part of an orderly wind-down.

Reserves policy

During the reporting year the trustees reviewed the reserves policy in light of the charity's deteriorating financial outlook. The revised policy identified a minimum requirement of £50,000, representing approximately three months' continuity or restructuring costs and three months' dissolution costs. This replaced the earlier formulation of holding six months' basic operating costs and was intended to preserve sufficient resources for an orderly restructuring or closure and to protect staff, creditors, members, and beneficiaries.

At 31 October 2025, unrestricted funds were £81,724. This was £31,724 above the £50,000 minimum. The margin was nevertheless limited when set against the annual deficit and foreseeable restructuring and wind-down obligations. The trustees therefore imposed tighter expenditure control and continued regular cashflow and reserves monitoring.

Principal risks and their management

- Financial sustainability: recurring unrestricted income was insufficient to meet operating costs. The trustees introduced expenditure controls, monitored cashflow and reserves, restructured staffing, considered merger and integration options, and developed an orderly closure contingency.

- Capacity and continuity: reductions in staffing transferred substantial responsibility to trustees and volunteers, increasing the risks of overload, loss of momentum, and control failure. Trustees prioritised essential activity, strengthened oversight, and limited new commitments.

- Restricted funds and grant obligations: the charity must honour donor restrictions and reporting requirements during transition. Restricted balances are separately identified and will be managed with funder engagement and professional advice.

- Reputation, relationships, and beneficiary welfare: change and closure may cause distress and may interrupt valued community and pastoral provision. The trustees intend to communicate carefully, signpost beneficiaries, preserve resources and records appropriately, and seek transfers to organisations capable of continuing the mission.

- Legal and regulatory compliance: an orderly dissolution requires compliance with charity and company law, the governing document, employment obligations, contracts, data protection, safeguarding, and reporting duties. The trustees will take appropriate professional advice and retain sufficient resources for the process.

Going concern and basis of preparation

After the year end, and before approval of this report, the trustees concluded that the charity had reached the end of its useful life as an independent organisation and resolved to recommend to the members that it be dissolved. The continuation of the charitable company is therefore dependent upon the members' decision and, in practical terms, the trustees do not plan to continue the existing operating model for the foreseeable future. The trustees consider that the charity has sufficient assets to meet its known obligations and to undertake an orderly solvent wind-down. The basis on which the financial statements are prepared, and the related accounting policy and subsequent-events disclosures, should be agreed with the independent examiner so that they are consistent with this conclusion.

Events after the reporting period and plans for the future

Staffing and trustee changes

Following the year end, the Chief Executive, the Revd Luke Dowding, left the charity after the trustees determined that the existing staffing structure was no longer financially sustainable. Katie Marsh, Head of Operations, subsequently also left the charity. Fr. Lee Taylor, Chaplain to Rhythm, also left the charity following his translation from East London to Berwick upon Tweed. The trustees record their gratitude for their leadership, commitment, and contribution to the charity and its beneficiaries.

The Revd Dr Thomas Sharp and Jo Walchester were appointed as trustees on 13 December 2025, strengthening the Board during a period of significant strategic review and transition. The Revd Dr Mark Rowland resigned as a trustee on 14 March 2026.

Strategic and financial review

In late 2025 the trustees began a deep review of the charity's finances, capacity, identity, and future. They considered incremental and deeper cost reductions, deletion of the Chief Executive post, merger or integration with another organisation, and managed closure. Forecasts prepared for the review showed that cost reduction alone would defer, rather than resolve, the depletion of free reserves. The deletion of the Chief Executive post stabilised the immediate financial position but materially increased reliance on trustees and the remaining staff member.

At a Strategy Day on 24 January 2026, trustees examined the charity's purpose and values, strengths and weaknesses, membership model, scope, partnership opportunities, and the practical requirements of remaining independent. At that stage they affirmed the continuing need for a distinct LGBTQ+ Christian voice and indicated an intention to remain independent for the time being while pursuing closer collaboration. This conclusion was subsequently tested through further financial and strategic work, including consideration of whether another organisation or organisations could carry forward the mission more sustainably.

Conclusion and proposed dissolution

Following that deeper review, the trustees concluded that OneBodyOneFaith has reached the end of its useful life as a separate charity. This is not a conclusion that its purposes are no longer needed. LGBTQ+ Christians continue to experience exclusion, hostility, and erasure, and the need for pastoral support, education, community, worship, and advocacy remains urgent. Rather, the trustees concluded that the charity's declining recurring income, limited staff and trustee capacity, high fixed-cost model, and the availability of other organisations better placed to deliver the mission make continued independent operation neither the most sustainable nor the most effective use of charitable resources.

The trustees will therefore recommend to the members that the charitable company be dissolved. Subject to the members' decision and all necessary legal and regulatory steps, the trustees intend to conduct an orderly, solvent wind-down; discharge liabilities and obligations to staff, creditors, funders, and other stakeholders; safeguard beneficiaries and information; preserve or transfer appropriate resources and organisational learning; and distribute the remaining assets to one or more charities with compatible objects that are better placed to support and campaign for LGBTQ+ Christians.

Any transfer of restricted funds will respect the original restrictions and will be made only with any consents or directions required. The selection of recipient organisations will be subject to due diligence, consideration of their objects, governance, capability, safeguarding, inclusion, and ability to apply the funds effectively for compatible charitable purposes.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

OneBodyOneFaith Ltd is a charitable company limited by guarantee, incorporated in England and Wales and registered as a charity. It is governed by its memorandum and articles of association dated 17 August 1995 and most recently amended on 25 November 2017. It has no share capital. Each member's liability in the event of winding-up is limited to £1.

Recruitment and appointment of new trustees

Trustees are elected by the members at the Annual General Meeting in accordance with the governing document. The Board may also co-opt trustees during the year to bring particular skills and experience, with appointments then dealt with in accordance with the articles. The trustees are the directors of the charitable company and are collectively responsible for strategy, stewardship of assets, risk, compliance, and oversight of management. Operational responsibilities were delegated to staff within agreed plans and budgets, with material strategic, financial, employment, and governance decisions reserved to the Board.

New trustees receive information about the charity's purposes, governing document, finances, policies, strategy, and trustee duties. During the period of strategic review, trustees received and considered detailed financial forecasts, options appraisals, risk assessments, and briefing papers. Appropriate external professional advice is obtained where required, including in relation to accounts, employment, governance, and dissolution.

Funds Held on behalf of others

As disclosed in the financial statements, the charity holds certain funds on behalf of their parties to which it has no legal entitlement. Those funds are not regognised as assets of the charity and will continue to be administered in accordance with the applicable arrangements during any wind-down.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03092197 (England and Wales)

Registered Charity number

1048842

Registered office

15 Newland

Lincoln

LN1 1XG

Trustees

H Brock Womack

Reverend P Davies (resigned 8.3.25)

A Kananira

L Lewis (resigned 14.12.24)

D G Owen (resigned 8.3.25)

Reverend J Robinson-Brown (resigned 14.12.24)

Rev Dr M Rowland (resigned 14.3.26)

G I A White

Reverend J Winn-Smith (resigned 7.6.25)

C E Lord OBE JP (appointed 13.12.24)

Rev Dr T M Sharp (appointed 13.12.25)

J A Walchester Bailes (appointed 13.12.25)

Company Secretary

C E Lord OBE JP

Independent Examiner

Paul Colcomb (FCCA)

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 28 July 2026 and signed on the board's behalf by:

C E Lord OBE JP - Trustee

Independent examiner's report to the trustees of OneBodyOneFaith Ltd. ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Emphasis of matter

Without qualifying my conclusion, I draw your attention to note 12 of the financial statements, which describes the trustees recommendation that the charitable company be dissolved. My conclusion is not modified in respect of this matter.

Paul Colcomb (FCCA)

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

29 July 2026

2025

2024

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

21,489

2,751

24,240

73,533

Charitable activities

Charitable activities

31,106

-

31,106

44,366

Investment income

3

2,451

-

2,451

3,440

Total

55,046

2,751

57,797

121,339

EXPENDITURE ON

Charitable activities

Charitable activities

102,995

13,863

116,858

125,296

NET INCOME/(EXPENDITURE)

(47,949

)

(11,112

)

(59,061

)

(3,957

)

Transfers between funds

10

(3,722

)

3,722

-

-

Net movement in funds

(51,671

)

(7,390

)

(59,061

)

(3,957

)

RECONCILIATION OF FUNDS

Total funds brought forward

133,395

44,241

177,636

181,593

TOTAL FUNDS CARRIED FORWARD

81,724

36,851

118,575

177,636

2025

2024

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

7

-

-

-

424

CURRENT ASSETS

Debtors

8

3,922

16,667

20,589

35,834

Cash at bank

81,172

20,184

101,356

146,754

85,094

36,851

121,945

182,588

CREDITORS

Amounts falling due within one year

9

(3,370

)

-

(3,370

)

(5,376

)

NET CURRENT ASSETS

81,724

36,851

118,575

177,212

TOTAL ASSETS LESS CURRENT LIABILITIES

81,724

36,851

118,575

177,636

NET ASSETS

81,724

36,851

118,575

177,636

FUNDS

10

Unrestricted funds

81,724

133,395

Restricted funds

36,851

44,241

TOTAL FUNDS

118,575

177,636

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 28 July 2026 and were signed on its behalf by:

C E Lord OBE JP - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared on a basis other than the going concern basis.

The trustees have concluded that the charity is not a going concern as they do not believe the charity can continue in its current operating model and are consulting with members regarding the charity's dissolution. Accordingly, these financial statements have not been prepared on the going concern basis. Assets have been stated at their estimated recoverable amounts. Liabilities in respect of the cessation of activities have been included only where there was an obligation present at the year end.

Income

Income and endowments

Voluntary income including donations, gifts, royalties, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Investment income

Dividends and interest are recognised once the dividends and interest has been declared and notification has been received of the dividend and interest due.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable

settlement is required and the amount can be measured reliably. All costs are allocated to the applicable

expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	DONATIONS AND LEGACIES

2025

2024

£

£

Donations

10,490

12,533

Legacies

1,000

-

Grants

12,750

61,000

24,240

73,533

Grants received, included in the above, are as follows:

2025

2024

£

£

LGBT + Futures

750

-

Sir Halley Stewart Trust

-

50,000

Paracletos

10,000

10,000

Open Theology Trust

2,000

1,000

12,750

61,000

3.	INVESTMENT INCOME

2025

2024

£

£

Deposit account interest

2,451

3,440

4.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025

2024

£

£

Independent examination

1,405

1,260

Accountancy services

809

1,325

Depreciation - owned assets

424

750

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2025 nor for the year ended 31 October 2024.

Trustees' expenses

During the year a total of 4 trustees were reimbursed for travel and subsistence costs.

6.	STAFF COSTS

2025

2024

£

£

Wages and salaries

77,001

72,136

Social security costs

1,977

538

Other pension costs

2,290

2,417

81,268

75,091

The average monthly number of employees during the year was as follows:

2025

2024

Employees

3

3

No employees received emoluments in excess of £60,000.

7.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 November 2024

1,615

3,131

4,746

Reclassification

(1,615

)

(3,131

)

(4,746

)

At 31 October 2025

-

-

-

DEPRECIATION

At 1 November 2024

1,615

2,707

4,322

Charge for year

-

424

424

Reclassification/transfer

(1,615

)

(3,131

)

(4,746

)

At 31 October 2025

-

-

-

NET BOOK VALUE

At 31 October 2025

-

-

-

At 31 October 2024

-

424

424

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments and accrued income

20,589

35,834

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Social security and other taxes

1,199

1,049

Other creditors

796

1,228

Accruals and deferred income

1,375

3,099

3,370

5,376

10.	MOVEMENT IN FUNDS

Net

Transfers

At

movement

between

At

1.11.24

in funds

funds

31.10.25

£

£

£

£

Unrestricted funds

General fund

133,395

(47,949

)

(3,722

)

81,724

Restricted funds

Sir Halley Stewart Trust

43,806

(6,955

)

-

36,851

Open Theology Trust

435

(4,157

)

3,722

-

44,241

(11,112

)

3,722

36,851

TOTAL FUNDS

177,636

(59,061

)

-

118,575

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

55,046

(102,995

)

(47,949

)

Restricted funds

LGBT + Futures: Faith Fund

750

(750

)

-

Sir Halley Stewart Trust

-

(6,955

)

(6,955

)

Open Theology Trust

2,001

(6,158

)

(4,157

)

2,751

(13,863

)

(11,112

)

TOTAL FUNDS

57,797

(116,858

)

(59,061

)

Comparatives for movement in funds

Net

At

movement

At

1.11.23

in funds

31.10.24

£

£

£

Unrestricted funds

General fund

181,593

(48,198

)

133,395

Restricted funds

Sir Halley Stewart Trust

-

43,806

43,806

Open Theology Trust

-

435

435

-

44,241

44,241

TOTAL FUNDS

181,593

(3,957

)

177,636

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

70,339

(118,537

)

(48,198

)

Restricted funds

Sir Halley Stewart Trust

50,000

(6,194

)

43,806

Open Theology Trust

1,000

(565

)

435

51,000

(6,759

)

44,241

TOTAL FUNDS

121,339

(125,296

)

(3,957

)

Restricted Funds:

LGBT + Futures: Faith Fund

A grant of £750 was received to be spent on the core funds of the organisation.

Open Theology Trust

We received a grant of £2,000 from the Open Theology Trust towards our Rhythm Retreat.

Sir Halley Stewart Trust

Due to a previous relationship with Halley Stewart, last year we successfully applied for a grant of £50,000 over 36 months for our 'Faith Sector Inclusive and Reflective Leadership Development Programme'.

Transfer

A transfer has been made to bring the restricted fund balance to £nil. A decision was made to supplement restricted funds in order to meet costs where restricted funds received were insufficient.

11.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 October 2025.

12.	POST BALANCE SHEET EVENTS

Following the year end, and in light of the charity's financial position, the trustees undertook a review of the charity's finances, capacity, identity and future. The trustees concluded that whilst the purpose of the charity remains urgent, the declining income, limited staff and trustee capacity and high fixed costs, this charity is no longer best placed to continue to deliver the mission. As such they will be recommending to the members that the charitable company be dissolved.

13.	THIRD PARTY FUNDS

Opening Balances

Incoming Resources

Resources Expended

Total

Baptist Ministry Project

254

254

The funds held on behalf of third parties are not recognised within the accounts as there is no legal entitlement to the charity. The balance at the year end is shown as a creditor which is updated for bank movements in the period.

14.	ROYALTIES FROM LITERATURE

The Charity owns rights to royalties from literature. There is no record of the cost of the literature and as such is not recognised on the balance sheet.