Charity No: 1034370 OPEN DOOR FAMILY CENTRE TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2025 WR Partners Protecting your future. OPEN DOOR FAMILY CENTRE REFERENCE AND ADMINISTRATION DETAILS Charlty registratlon number 1034370 Trustees Mrs Elizabeth Kneale Mr Desmond Hudson (Chairl Mrs Elaine Ripley Mrs Amy Johnson Ms Sara Hudson Mrs Yvonne Naylor Registered office Ty Emrallt (Emerald House} Oldford Lane Welshpool Powys SY217TE Accountant / Independent Examiner WR Partner5 Chartered Accountants Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG Bankers HSBC 23 Broad Street Welshpool Powys SY217RN OPEN DOOR FAMILY CENTRE CONTENTS Page Trustees, report Independent examiners report Recelpts and payments account ststement of assets and Ilablllties Notes to the financlal statements OPEN DOOR FAMILY CENTRE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report together with their financial statements of Open Door Familv Centre for the year ending 31 March 2025. Structure, governance and management Constitution The Open Door Family Centre is constituted under a Trust Deed dated l February 1994 and is a registered charity. Charity number 1034370. Method of appointment or election of trustees The Board has the power to appoint additional Trustees as it considers fit to do so. The charity is organised so that the Trustees meet regularly to manage its affairs. Objectives and activities Policies and objectives The object of the charity is to enhance the development and education of children bv:_ Encouraging parents to understand and provide for the needs of their children. Encouraging other charitable activities through which parents may help the children. Providing the necessary facilitie5 for the daily care, recreation and education of children during out of school hours and school holidays. Advancing the education and training of persons in the provision of such care, education and recreation. Encouraging co-operation and liaison between voluntary agencies and professional and others in the field. The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities. Activities for achieving objectives The provision of pre - school childcare services designed to meet the needs of our local community with a particular focus on "Flying start and parents and the children using our services. Achievements and performance Going Concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. OPEN DOOR FAMILY CENTRE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Review of the year It is pleasing to report on another year of steady progress. Firstly, Open Doorfs financial position is stable, whilst noting, of course the significance of our rental stream to supplement the cost recovery funding model of our providing solely {a5 a matter of conscious choice) Foundation Learning and Flying Start child care services. Secondly, our focus on investing in and prioritising the training and competence of our staff and the effectiveness of our nursery provision to provide the best possible experience to the children and families we serve has delivered a service of which our entire team is rightly proud and provides a solid base upon which to build. Our operational focus during this year has remained on the continuing challenges to maintain numbers in the face of competition from comparable facilities in Welshpool. We have continued to plan for the operational challenges by seeking to maintain operational excellence in all we do through investment in staff training and meeting best practices standards and governance excellence. It was pleasing to secure renewal of our contract to provide Foundation Learning services; the result of much hard work by our Centre Manager and the wider team who worked with her. l am indebted to my fellow Trustees for their sage counsel and hard work and to our staff for their dedication in meeting these challenges and their untiring efforts to deliver excellent care to the children and their familie5 using our seNices as well as their support to me. At the close of the financial year we report on here, we bid farewell to a long standing and valued colleague who has been a mainstay of our services and care for children. She will be sorely missed and leaves after more than 22 years with Open Door for a well - earned retirement and with our best wishes. esmond Hudson Chair of Trustees OPEN DOOR FAMILY CENTRE TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Financial Review The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible or intangible fixed assets {i.e. free reserves) held by the charity Should be sufficient to maintain the running of the organisation for the foreseeable future. At the end of the financial year unrestricted funds held by the charity totalled £38,261 {2024: 36,4091. Public Benefrt The Trustees have had regard for the revised guidance on public benefit in their administration of the charity. Basls of accounting The accounts of the Charity have been prepared on a Receipts and Payments basis in accordance with charity regulations. This report was approved by the Trustees on 2210112026 and signed on their behalf by: esmond Hudson Chair of Trustees OPEN DOOR FAMILY CENTRE INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2025 which are set out on pages 5- 7. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. l. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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 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. z<- ￿ 2310112026 Tim Lunt BA (Honsl FCCA MTPI WR Partners Charterted Accountants Belmont House Shrewsbury Business Park SY2 6LG OPEN DOOR FAMILY CENTRE RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted 2025 2024 Receipts Donations Grants Fees for charitable Services Other 690 78,578 42 83,643 416 4,275 83,643 416 4,275 Total Receipts 88,334 88,334 79,316 Payments Play equipment and materials Staff expenses and training Repairs and renewals Rent, Heat and light Wages and salaries Accountancy fees Telephone & website Printing, postage, stationery & cleaning supplies Advertising Insurance Sundries Administration and Manager costs Visits 3,154 1.493 2,206 4,500 64,707 3,240 1,907 1,374 30 1,854 694 511 812 3.154 1,493 2,206 4,500 64,707 3,240 1,907 1,374 30 1,854 694 511 812 4,942 250 6,151 4,500 57,972 570 1,471 604 270 1,850 250 246 668 Total Payments 86,482 86,482 78,844 Net Ipayments)/Receipts - unrestricted funds 1,852 1,852 472 Transfers between funds Cash and Bank Balances brought forward 36,409 36,409 35,937 Cash and Other Assets Carried Forward 38,261 38,261 36,409 OPEN DOOR FAMILY CENTRE STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restrlcted 2025 2024 Bank and Cash Balances Bank 38,261 38,261 36,409 38,261 38,261 36,409 Non Monetary Assets At cost Freehold property Property improvements Fixtures and fittings 208,887 79,162 27,568 208.887 79.162 27,568 208.887 79.162 27,568 315,617 315,617 315,617 Signed on behalf of the trustees on . 2210112026 .by esmond Hudson Chair of Trustees OPEN DOOR FAMILY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 l Accounting policies The accounts have been prepared on a receipts and payments basis. 2 Trustees remuneration and related party transactions During the year, no Trustee5 received any remuneration12024: Nil) During the year, no Trustees received any benefits in kind {2024: Nil) During the year, no Trustees received any reimbursement of expenses12024: Nil) 3 Grants received Unrestricted Restricted Total 2025 Total 2024 Powys County Council 3yr old funding Powys County Council 4yr old funding Development grant Action for Children l-l 54,668 23,263 5,713 54,668 23,263 5,713 44,115 18,574 13,271 2,618 83,644 83,644 78,578 4 Staff Costs 2025 2024 Wages and salaries 64,707 57,072 The average monthly number of employees during the year was as follows 2025 2024 Management and administration Nursery staff Bank staff No employee received remuneration amounting to more that £60,000 in either year.