COMPANY REGISTRATION NUMBER: 03505843 CHARITY REGISTRATION NUMBER: 1070554 Newmarket Open Door Company Limited by Guarantee Unaudited Financial Statements For the year ended 31 March 2025 'AEIELA41* 2911212025 COMPANIES HOUSE A11
Newmarket Open Door Company Limited by Guar¥nt¢¢ Flnancial Statements Year ended 31 March 2025 PAges Trustees, annual report (incorporating the director's report) 1105 Independent exAminer's report to the trustee5 6t07 Siatement of financial activities (including income and expenditure account) Statement of finan¢ial position ststemenl of cash flows io Notes to the financial slatement$ JI ¢022
Newmarket Open Door . Company Limited by Guarantee Trust¢Ès' Annual Report (Incorporating the Director's Report) Year ended 31 M$reh 2025 The trustees, who are also the directors for Ihe purposes of MpanY law, present their report and the unaudited financial statements of Ihe charity for the year ended 31 March 2025. Chair's report INTRODucfioN The Board of Tru51ees, who are also directors of th¢ Charity for th¢ purposes of the Companies Act, and trusiees for charity law purposes. submit their annual report and the financial slatements for Newmarket Open Door for the year ended 31 March 2025. The Board of Trustees confimis that the annual report and financial statements of the Charity comply with current statutory requirements. including the Charities Act 2011, as well as the requirements of the Charity's governing document And the provisions of the Charities SORP {FRS 102) . Accounting and Reporting by Charities.. Staiement 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) second edition (effective l January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS. 102), and ihe Companies Act 2006. CHAIR'S FOREWORD The past year has been some of the most challenging that wc have faced in our 25-year history: we saw a number of trustee retirements and resignations, rising demand for housing and support services, increasing need for the provision of relief lo those experiencin8 hunger and poverty, financial pressures and rising operating Costs. and the on80in8 leas¢ dispute with the landlords of the property al 85 Hi8h Street. NewmArket. However, we have continued to provide safe accommodation and guidance to homeless young people across Newmarket and beyond, we have developed our charity superstore thai sells donated goods at affordable prices with proceeds going towards funding support pro8rammes and services. we have maintained a regular foodbank and a weekly 'pop up, shop 10 ensure that individuRls and families have access to nutrilious m¢8ls. We hav¢ re¢ruited new TTuslees 10 ensure that Newmarkei Open Door continues to provide its vital community services in a resilient and sustainable way. Thanks to the dedication of our staff. volunteers, and parn)ers, we have hclpcd transform lives 8ftd helped to support those most in need ftn our community. CHIEF OPERATING OFFICER'S STATEMENT The 2024125 year has been one of con501idaiion, progress, and renewed slability for Newmarkei Open Door,'as we continued to strengihen our operaiions and deliver life-changin8 SUPPOrt to those at risk of homelessness and hardship. Through improved governancc, stronger systems. and a clear focus on quality, we have enhanced the ¢onsisten¢y and impact of our servi¢es across all areas of delivery. Our supported accommodation has continued to experience high demand, providin8 safe and stable housin8 where residen¢S can rebuild Iheir Confidence and independen¢e. Positive outcomes in education, training, and employmenl have been sustained, refleciing the Commitment of residenis alongside the dedi¢alion of slaty. These developments have oontribuled to brighter. mor¢ welooming living environments that support wellbeing and foster a strong sense of belongin8.
Newmarket Open Door Company Limited by GuarAnt¢e Trustees, Annu21 Report (Ineorporatlng the Director's Report) (conthiued) Year ended 31 Mar¢h 2025 Chair's report (eoiitiiiutd) Our Charity SupersioTC remains central lo our mission, generating unrestricted income while providing volunteering and work experien¢¢ opportunities Ihat build confidence and employability. Our Foodbank and Pop-up Shop continue lo play a vital role in supporting local households facing financial pressure. The Pop-up Shop helps individuals and families before they reach ¢risis point, reflecting our broader aim to reduce reliance on the Foodbank by providing affordable a¢¢ess to esscnlial goods. Both servires op¢rat¢ etYIGiently and sustainably through th¢ continued support of donors, partners. and volunteers. Looking ahead. our priorities are 10 strengthen financial resilience, maintain high property standards. and invest further in staff and s¢rvic¢ development. D¢spite the wider financial challenges across the charity sector. Newmarket Open Door continues 10 be a stable. proa¢iive. and Compassionate organi5ation. Through the dedication of our staff, volunteers. trustees, and partners, we remain focused on creating meaningfvl change and providing safe, supportive spaces where individuals can rebuild their lives and thrive. GOVERNANCE Newmarket Open DOOT is governed by a Board of Trustees, responsible for ovcrsccing the Strategic direction, 8oveman¢¢, and financial management of the charity. Durin8 th¢ year we have recruited a new Board of Trustees, slrengihened our governance policies and refreshed our mana8ement structure. The Board works closely with the senior rnanagcmenl team to ensure effective delivery of services. Trustees David Walker (Chair) MArtin Wells (Deputy Chair) Sarah Akinsanya Steven Maddox Rev Robert Otule ABOUT US Our Mission To change lives by providing accommodation, 5UPPOrt, and opportunities for homeless young people in the Newmarket area and provide help io individuals and familie5 facing hardship. Our Vision A community where every young person has a safe place to live and ihe provision of support lo those in our community who need il most. Our Values Cornpassion I Inclusion l Dignity | Community wellbeing I Sustainability Thank You We could not achieve what we do without the tireless support of our volunteers, donors. partners, and stafrT. Together. we are building brighier fvlure$ for young people in Newmarket and helping support those in need in our community. Contact Us Website: www.newmarketopendoor.co.uk Email- office@newmarkelopendoor.org.uk Phone-. 01638 600699
Newmarket Open Door Compgny Limited by Guarantee Trustees, AnnuAI Report {In¢orporAting the Director's Rep.ort) fcolltittued) Year ended 31 March 2025 Referenee and administrative details Registered charity name Newmarket Open Door Chirlty reglstratlon number 1070554 Company regislration number 03505843 Principal offiee And registered office Portland House 188 High Sireei Newmarket Suffolk CB8 9AP The trus¢¢e$ John Gilbert Valerie Russell Catherine Staff David Staff Karen Gredley Steven Maddox Natasha Monks-johnston {Resigned 9 May 2024) (Resigned 27 May 2024) (Resigned 8 May 2025) (Resigned 8 May 2025) {Resi8ned 27 May 2024) (Resigned 27 May 2024) (Served from 29 April 2024 to 18 November 2025) (Appointed 28 April 2024) (Served from 24 April 2024 to 20 May 2025> (Appointed 4 June 2025) (Appointed 30 July 2025) (Appointed 30 July 2025) (Served from 7 November 2025 to 16 December 2025) Sandra Ann Greatrex R¢v Robert Otule Adrian Savin David James Walker (Chair) Martin Wells (Deputy Chair) Sarah Louise Akinsanya Oluwatosin Mary OITiisore {Treasurer) Company secretary John Gilbert (ResiBned 9 May 2024) Independent ex4miner Shane Tharby FCA For and on behalf of Streets Bloodstock Lushington House 19 High Street Newmarket, Suffolk CB8 9AE
Newmarket Open Door Company Limited by Guarantee Tru$tee5' Annual Report (Ineorporating th¢ Direttor's R¢port) (¢ollrfnMe Year ended 31 March 2025 Strutlurt? govern#ne¢ And management Governin do¢ument Newmarke¢ Open Door is a company limited by guarantee with charitable status which is 8ovcrned by memorandum and articles of association. intmcnt of trusiees New trustees are appointed by a majority of trustees in office at that time. Trustee indu trainin The trustees are Currently reviewing the procedures in place for trustee induciion And trainin8 by referen¢¢ to guidance published by the Charity Commission. ani nal struclur The charity has a board of trustees who meet quarterly and are responsible for ils strategic direciion and policy. An operations mana8er is appointed by the Iruslees lo manage the day to day operations of Ihc charity. The trustees actively review the major risks which Ihe charity face5 on a regular basis and believe that maintaining reserves at ¢urrenl levels. mbIned wilh an annual review of the controls over k¢y financial systems will provide sufficient resource5 in the event of adversc conditions. The trustees have also examined other operational and business risks fh¢ed by the charity and Gonfirn) ihal they have established Syslcms lo miligale the significant risks. Objtetivts and Activltles The charities objectives and aelivilies continue io be the advancemeni of the Christian faith and education. including the relief of persons experiencing poverty, homelessness, physical and mental disability, and in furtherance of such objectives the provision of acwmmodation and 5UPPOrt for such persons. Achievements and performance Thes¢ are covered in th¢ chair's report,
Newmarket Open Door Company LIted by Gurantee Trn8tee&' AnnuAI Report (]n¢orporatlng the Dlreetorlg Report) fth•NiMuedJ Year ended 31 Mareh 2025 Flnandal révlew The existence of two distinet trading operations reduces the risk of the complcte loss of iocome a¢ross the whole ¢b&rity. AdvaDC¢ noti¢e of any dKlioe,'in accommodatioti incom¢ iyill occur witb ttasonable notice. Thc m09t difficult Area to predict will be thc trAdiDg surplus &t the Superstore bul returns are monitor¢d very Closely and accowit summaries are produced on a monthly basi5 WitbiD two weeks of the relevant end date. The truste¢s also receive'som¢ 8ssuraace by the prote'ction offered through the business interniption policy ID the event that the cbarity is unable to opernte at any of its 8it¢s. The trustees have reviewed the level of reserves held by the charity and compBred tbis with the cb18 reserves policy, which 18 to hold unrestricted reserves equivalent to approximaly one month's operatillg expcnditur4 OSS¢S8ed as appropriate to m¢¢t th¢ charity's oeeds 8od w m8na8¢ risk. Tothl expenditure for the year'2024125 amounted to £587,588 4nd, on this basis, one month's operatiD8 cxpendittbr¢ i6 Approximately £49,000. At the year eDd, the ¢barity beld unrestricted Tuerves of £144237, whi¢h is above the level identified by the trustees as appropriate UDder the reserves policy. Jll 8ccordanee with.Cbarity Commission guidance, the trustee8 bav¢ considered what stops are being taken to brin8 the level of r¢8erve5 lllto line with the reserves poli¢y. In the ¢ontexl of the charity's fJve-y¢ar strategy 202&2031. the trllstees'consider it prndent to retain highu reserves in the short to medium t¢m to gUPPOrt fn¢1&1 r¢8iliencc and.. to ¢ble a pro8faDune of repair and renovation of the charity'a a¢con]modation to b¢ implements The trustees will contlnue to monitor tbe Icvel of reserves and will revicw their plann¢d wc as part of the charity'8 oogoing fiDancial planning, with th¢, intention of aligoin8 reserves with tbe reserves policy over th¢ period of the five-year str8te8y, while ensuring the cbarity remains able to meet its ffijtyre cotilmitmcnts. SMAII eompany provl8loni This report bas been prepared iti AccordAllce wlth the provisio applicable w comp1¢9 ¢ntitl¢d to the small companie8 exemption. The trust¢e8' annu•l r¢port w49 approved on 2>...11:£5- . and $18ned on behalf of the board of trustee5 by: Divtd James Walker Chair of Thtee8
Newmarket Open Door Company Limited by Guarantee Independent Examiner'$ Report to the Trustees of Newmarket Open Door Year ended 31 March 2025 I report lo the trustees on my cxaminaiion of the financial ststemenls of Newmarket Open Door (Ihe Charity,) for the year ended 31 March 2025. Responslbllltles ind basls of report As the trustees of the company {and also ils direciors for ihe purposes of company law) you are responsible for the preparation of the financial statements in ac¢ordan¢e with the requirements of the Companies Act 2006 ('the 2006 Act.). Havin8 satisfied myself that the accounts of the company arc not required to be audited under Part 16 of ihc 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carricd oul under seclion 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my cxamination I have followed the Direction5 given by the Charity Comrnission under section 145(5)(b) of the 2011 Act, Independent ex#min¢r's statement- malter ofconcern identified Since the charity's gross income exceeded £250.000 your examincr must be a member of a body listed in section 145 of the 201 l Acl. I confim that l am qualified lo undertake Ihe examination because l am a member of Ihe Insiilute of Chartered A¢¢ountants in England and Wales (ICAEW). which is one of the listed bodi¢s. I have ¢ompl¢l¢d my examination. I have identified a matter of ¢on¢ern in my report that gives me cause to believe that the charity may be in financial difficulty, as disclosed by the Trustees in note 3 of the fin&n¢ial Slalemenls. The cashflow forecasts prepared by thc charity for the nexl 12 months show thoi ihc Charity can conlinue as a going con¢em based on the completion of ihe lease surrender and the sale of Windsor House. l confirm that no oiher matters have come lo my attention in Connection with my examination giving me Cause to believe that in any material respecl.. accounting re¢ords were not kept in respect of the Charity as required by section 386 of the 2006 Act. or the financial sloiements do noi accord with those records; or the financial statements do not comply with the accounting requiremenis 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 the financial statements have not been preparcd in accordancc with the meihods and principle5 of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordan¢e with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}.
Newmarket Open Door Company Llmited by Gurant¢¢ Jndependent Examiner's Report to the Trustee$ of Newmarket Open Door {¢onrtned) Year ended 31 March 2025 confirm that there are no other matters lo whi¢h your attention should be drawn to enable a proper understanding of the accounts to be reached. Shane Tharby FCA Independent Examiner For and on behalf of Streets Bloodstock Lushington House 119 High Sireel Newmarket, Suffolk CB8 9AE 23 December 2025
Neivmarket Open Door Company Limited by GuaraDtee Statemenl of Financial Activities (including incomc 4nd expenditure Account) Year ended 31 March 2025 2025 Restricted funds Total funds 2024 Unrestricted funds Total funds Not¢ Income endowments Donations and legacies Charitable a¢iivilies Investment income 25.869 494,276 544 13,000 38.869 494,276 544 71.606 472.143 ,526 Total Income 520,689 13,000 533,689 545,275 Expenditure Expcndilure on charitabl¢ activities Total expenditure 574,588 13,000 587,588 593,541 574,588 13,000 587,588 593,541 Net expenditure and net movement In funds (53.899) (53,899) (48.266) Reconclllatlon of funds Toial funds broughi forward Total funds carried forward 198,136 198,136 246,402 144,237 144,237 198.136 The slatemenl of financial a¢livili¢s includes all goins and losses reco8nis¢d in ihe year. All income and expenditure derive from continuing activities. The notes OD pag¢s I I to 22 form part of th¢se financial statements.
Newmarket Open Door Company Llmlted by Guarantst Statement of FIDClaI PoJldu 31 Mgr¢b 2025 2025 2024 Fixed A88ets Tan8ible fixejj a8s¢ts 13 475,451 478,608 Current 4g5¢ts Debtors Cash at bank and in hand 14 30.652 33.808 102,794 136,602. 72,017 Credltors: amounts fAlllng due wltlthi one year Is 61,290 46.042 Net ¢urr¢Dt Assets 10,727 486,178 90,560 569,168 Total Assetg less Current Il*bfilltl Credltor$4 arnounts falLItt8 due after more than ODe year Net avdets 16 341,941 371,032 144.237 198,136 Funds of the cbarlty Unr¢8lricicd funds 144237 198,136 Total cbarity funds 18 144.237 198,136 For the year ending 31 Marcb 2025 the cbarity w&q entitled to exemption from audit wider section 477 of the Companies Act 2006 relating to sm811 companies. Directors, rc5PODsibilities: The members have not requircd the compbny to obtsin an audit of its financial statements for the year in qu¢stioD in a¢conlance with Scctioll 476. The directors acknowledBe their responsibilitie5 for complyin8 wlth the Tequirement8 of the Act with respect lo counting records the preparation of fAn¢1 ststements. These fillancI sthtements bave been prepared in a¢cordancc with the provisiolls 8pplicRble to companies Subject to th¢ small companies, r¢gim¢. These fmancial statements were approved by the board of ttustees and authorised for issue on ................ Alld are signed on bebalf of the board by.. David James Walker Chair of Trust¥ The notes 00 p2£es 11 to 22 fonD part of tbese fwancial 5tat¢m¢nt&
Newmarket Open Door Company Limited by Guarantee Statement of Cash Flows Year ended 31 Marth 2025 2025 2024 CAsh flows from operating activities Net expendilure (53,899) (48,266) Adjuslmenisfor.. Depreciation of tangible fixed as5cts Other interest receivable 8nd similar income 3,157 (544) 3,157 (1,526) Changes in.. Trade and olher debtors Trade and oiher Creditors 3,156 13.731 (8,714) (14.951) Cash generated from operations (34,399) (70,300) Interest received 544 ,526 Net cash used in operatin8 activities {33,855) (68,774) Cash flows from tnvestlftE 8etivities Purchase of langible assets N¢1 cash used in inv¢sling aciivities (960) (960) CAsh flow$ from financing activities Pro¢eed51(Repaymenls) from borrowings Net cash tssed in financing activities (27,574) (27,574) (26.260) (26,260) Net decrease in CAsh and cash equivalents Cash ond e*sh equival¢ntS At beginning of year Cash And cash equlvalent$ at end of year (61,429) 102,794 {95,994) 198.788 41,365 102.794 The notes on pages I l 10 22 form part of these financial statements. io
Newmarket Open Door Company Limited by Guarantee Notes to the Flnxntial Stattments Year ended 31 March 2025 General informatlon The charity is a public benefit entity and a private company limited by guarantee. registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Portland Hous4 188 High Street, Newmarket, Suffolk, CB8 9AP. Statement of complS•nc¢ These financial statement5 have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable 10 charities preparing their accounts in accordance with the Financial Reporting Standard appli¢abl¢ in the UK and Republic of Ireland {FRS 102) (Charities SORP (FRS 102)), Ihe Companies Act 2006 and the Charities A¢t 2011. Accounting policies Bo81s of prepArAtSon The financial staternents hav¢ been prepared on the historical Cost basis. The financial statements are prepared in slcrling, which is the functional currency of the charity. Going eoncern The charity's Cash-flow forecasts assume completion of the lease surrender and the Sale of Windsor House. While IheTe is inherent liming risk, Ihe trustees judge that the going concern basis remains appropriaie, supported by active negotiations with the landlord, the property bcing marketed for sale, and identified contin8encies (e,8., tighter spend controls and phased commitments). The trusl¢es are also explorin8 remort838el loan options to surrender ihe lease as early as possible •nd to repay the mortgage/ loan upon the sale of Windsor House. Judgemen¢$ ind key sources of e$tim#¢ion uncertainty The preparation of the financial statements requires m8nagement to make judgements, ¢stimal¢s and assumptions thal affect the amounts reported. These esiimaies and judgements are continually reviewed and are based on experience and other factors, including expe¢tations of future events Ihat are believed 10 be reasonable under the circumstances.
Iyewmarket Open Door Company Limited by Cusrantee Notes to the FlnAnciJl St8tements {coNtiNuedJ YeAr ended 31 March 2025 A¢counting pollcl¢s f¢ovrf#iiedJ Judgements and key sources of estimation uncertainty {td4rtMued) Si8nificant judgem¢nts There are no judgements (apart from those involving estimatcs) that rnanagement has made in the process of applying the charity's accounting policies. Key sources of estimation un¢ertainty A¢¢ounling estimates and assumptions are made concerning the future and. by their nathre. will rarely equal the related actual ouleome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to lh¢ earying amounts of assets and li8bilili¢s within the next financial year are as follows: Tangible fixed assets are recognised at cost, less accumulated depreciation. Depreciation is charged over th¢ estimal¢d useful life of ihe a55el to its ¢slimaled residual value. Fund gccounting Unrcstricted funds are hvailable to spend on aclivilies Ihal further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set asid¢ lo use for a specific purpos¢. Restricted funds are don81ions which the donor has specified 8r¢ 10 be solely used for particular Jreas of Ihe charity's work or for specific projects being undertaken by the charity or are received through the temis of a specific app¢81. Incoming re$ource$ All income is included in the slatement of financial activities when entitlement has passed to the charity, it is probable that the ¢conomic b¢nefils assocjated with the Iransa¢lion will flow to the charity and the mount can be reliably measured. The following specific policies arc applied lo particular catcgorics of incom¢'. in¢ome from donations or grants is r¢cognised when there is ¢viden¢¢ of entitlement to th¢ gift, receipt is probable and its amount can be me8sured reliably. legacy in¢om¢ is recognised when receipt is probable and entitlement is established. income from donatcd goods is measured al the point of sale, ai sales valuc, as it is impractical io measure reliably at point of reccipl. The charity a¢cepts furniture. clothing. bric-a-brac, books, DVD'slCD'slViny15. electrical equipment, tools, household linen and Curtains, ¢hinal8lassware etc. Donated f3¢ililies and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the coniribution of general voluni¢¢rs. income from ¢onlracts for the supply of Services is recognised with the delivery of the contracted s¢rvice. This is classified as unrestricted fund5 unless there is a contractual requirement for it to be sp¢nt on a particular purpos¢ 8nll reiurned if unspent. in which case il may be regarded as reslricted. 12
Newmarket Open Door Company Limited by Gu8rAntee Notes to the Financial Statements (tontinued) YeAr ended 31 March 2025 Accounting policles (¢oitllnued) Resources expended Includes all expenditure in¢urr¢d by the charity other than thal which has been capitalised. Operating leAse$ Rentals applicable to operating lease5 where substantially all of the benefits and risks of ownership remain with the lessor, are charged againsi income as incurred. T9ngible Assets The charity has a policy to write off any capital items which cost less than £1,000. The nature of the charity's O¢tivilies means ihat such items have an average useful economic life of less than one year. DepreclAtlon Depreciation is ptovided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful lif¢ as follows; Freehold property Short leasehold property Plant and machinery Motor vehicles l •/( strii8hi line Over the iem of ihe lease 500/0 slraight line 500/0 Straight line Implrment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indi¢aiors exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. 13
Newmarket Open Door Company Limited by Gu*r#ntte Notes to tht FinAnciJl Statements (coii&tnMed) Year ended 31 March 2025 AetouDting policies (con¢illuedJ Fln8nclg1 In$trumeJJ¢s A financial ass¢1 or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or pjyable including any related transaction costs. unle55 the arrangcmenl constitutes a financing transaction, where il is recognised at ihe present value of the fubjre paymenis discounted at a market rale of interest for a similar debt instrument. Current assets and current liabililies are subsequently measured at the cash or other consideration ¢xpe¢led to be paid or received and noi discounled. Debl instruments are subsequently measured al amonised Cost. Financial assets that are measured at cost or 8mortised Cost are reviewed for objective evidence of impainnent at the end of each reporting date. If ihere is objective evidence of impairnient, an impairment loss is reco8nised under ihe appropriate headinB in th¢ statement of financial activities in whioh th¢ initial gain WAS recogniscd. Defjned eon¢Tibution plans Contributions lo defined contribution plans are re¢o8nised as an expense in the period in which the related service is provided. Limited by guarantee The charity is limited by 8U8rantee, In the ev¢nt of the charity bein8 wound up, th¢ liability of the members 15 limited to £10. Dongtions and legacies Unrestricted Funds Restricted Total Funds Funds 2025 Grants Newmarkel Charity Jarvis Charitable Trust Masonic Charitable MCF Forest Heath District Council Godolphin & Simon Gibson (Foodbank) Harris Family Trust - Portland Hs¢ British Horsera¢ing Arnold Clark Community Fund Suffolk Community Fund {Charity superstore) Others und¢r £2,000, including Gift Aid 2,000 2,000 3.333 3,333 5.250 5,250 1.000 10.000 17.286 1,000 10.000 17,286 25,869 13.IXIO 38,869 14
Newmarket Open Door Company Limited by Gugrantee Notes to the Financial Statements {¢ondn¥edJ Year ended 31 March 2025 Don#tion$ and legeies fcondnued) Unrestricted Funds Restricted Total Funds Funds 2024 GrAftts NewmArket Charity Jarvis Charitable Trust Masonic Charitable MCF For¢si Heath District Council Godolphin & Simon Gibson (Foodbank) Harris Family Trust- Portland Hse BTilish Horseracing Arnold Clark Community Fund Suffolk Community Fund (ChaTity superstore) Others under £2,000, including Gift Aid 8,500 8,500 2,000 2,000 3,333 13,922 5,000 2,000 2,000 2,000 3,333 13,922 5,000 2,000 5,250 5,250 29,601 29,601 36,934 34,672 71,606 Chri¢*bl¢ octlvltles Unrestricted TotAI Funds Funds 2025 Unreslricled Total Funds Funds 2024 Fees for ac¢ommodation and support Recycling Sales of donated goods Foodbank income 286,983 2,384 204,649 260 286,983 2,384 204,649 260 253,713 3,461 214,680 289 253,713 3,461 214,680 289 494,276 494,276 472.143 472.143 Inve$¢men¢ In¢om¢ Unrestricted Total Funds Funds 2025 Unrestricted Total Funds Funds 2024 Bank interest 544 544 1,526 1,526 Is
Newmarket Open Door Company Limited by Guar#ntee Nott$ lo fhe FinAnci41 S¢Atement$ (conhN¥ed) Year ended 31 March 2025 Expendltur¢ on chAritable Activities by fund type Unrestricted Funds Restricted Total Funds Funds 202S Depreciation Other costs Staff cost5 Goveman¢e 3,157 265.017 299.234 7,180 3,157 278,017 299.234 7,180 13,000 574.588 13.000 587,588 Unrestricted Funds Restricted Total Funds Funds 2024 Dcpr¢¢iation Other costs Staff costs Governance 3.157 214,260 333,275 4,968 555,660 3,157 252.141 333,275 4,968 37,881 37,881 593,541 Net expenditure Net expenditure is staled after Chargin(credi¢lng). 2025 2024 Depre¢ialion of tangible fixed assets 3,157 3,157 10. Independent ¢xamin#tion fees 2025 2024 Fees poyable lo the independent examiner for.. Independent cxamination of the financial statements 3,850 2,100 I I, Staff costs The total staff costs and employe¢ benefits for the reporting period are analysed as follows: 2025 2024 Wa8es and 5alari¢s Social scGurity costs Employer contributions to pension plans 279,898 12,617 6,719 299.234 309,830 15.407 8.038 333.275 The average head count of employees durin8 ihe year was 22 (2024.. 19). No employee received employee benefits of more than £60,000 during the year (2024; Nil). 16
Newmarket Open Door Company Limited by Guarantee Notes to the Financial StAtementS (¢•hiiwi¢d) Year ended 31 March 202S 12. Trustee r¢munerAtion and expenses None of the trustees have been paid any remuneration or received any other benefits from an employmenl wilh the charity or a related entity during the current or previous year. No trustee expenses have been incurred in the current or previous year. 13. TAngible fixed #ssets Short leasehold property Frcchold property Plant and machinery Moior vehicles Tot41 Cost At l April 2024 And 31 March 2025 512,000 150.938 32,071 48,696 743,705 Depr¢¢iation Al l April 2024 Charge for the year A131 M4r¢h 2025 33,872 2,677 150,938 31,591 480 48,696 265,097 3,157 36,549 150.938 32,071 48.696 268,254 CArrying amount At 31 March 2025 475,451 475,451 At 31 March 2024 478,128 480 478,608 Freehold property includes freehold land of £244,300 (2024.. £244,300) that is noi depreciated, 14. Debiors 2025 2024 Trade debtors Other debtors 8,620 22,032 6,792 27,016 33,808 30,652 The debtors above include the following amounls falling due after more than one year: 2025 2024 Other debtors 8,350 17
Newmarket Open Door Company Limited by Guarantee Notes lo the FlnanciAI Statements (eonanutd) Year eDded 31 M4rch 2025 15. Crtdltors: amounts l#llin£ due wlthin one year 2025 2024 Bank loans Trade creditors Accruals and deferred income Social security and other taxes Other creditors 27,893 26,376 ,329 4,600 6,162 575 30,100 2.483 814 61,290 46.042 The bank loan is securcd on the charity's frechold propcrty. 16. Creditors: Amounts fAlling due 4fter more Ih*n one year 2025 2024 Bank loans 341.941 371.032 Bank loans outstanding ai the reporting dale include instalments due after more than five years of £251,685 (2024.. £277,709). The bank loan is secured on the charity's freehold property. 17. Ptnsions and other post re¢ir¢menl benefits Defined eontributlon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £6,719 (2024.. £8,038). 18
Newmarket Open Door Compny Limited by Guarantee Notes to the Finantial Stalements (¢oNlirtued) Year ended 31 March 2025 18. Anlysis of charitable funds Unr¢slricted funds At l April 2024 At 31 Mlreh 2025 Income Expenditure Transfers General fund$ Development fijnd Suffolk Housin8 Society 168.136 30,000 520.689 (574,588) 114.237 30,000 198.136 520.689 (574.588) 144.237 Ai l April 2023 At 31 March 2024 Income Expenditure Transfers General funds Dcvclopmenl fund Suffolk Housing Society 186.810 40,000 16,383 243,193 510.603 (539,277) i 0,000 ( i 0,000) 168,136 30.000 (16.383) (555,660) 510,603 198,136 This fund includes expenditure of £31,855 in th¢ previous year relatin8 to the proposed move from Unil 2 to 85 High Sireet. evel This fund was set up to fund the development of beneficiaries of ihe charity in the pursuit of improving their personal circumstances and access lo opportuniiies not available through statutory services or grants. The trustee5 agreed in the 6th April 2023 board meeting minutes that a flexible developmeni fund of £30,000 would be maintained for emergcncies, This is a historic designation of funds going back a number of years. This was reviewed by the ¢harity in the previous year and confimied to have been spent in full. 19
Newmarket Open Door Comp#ny Limited by Gugrantee Notes to the Financial Sta¢emen¢s (¢onilowed) Year ended 31 March 2025 18. Analysis of Charilable funds (collliNuerf) Reslricted funds At April 2024 At 31 March 2025 Income Expenditur¢ Transfers Godolphin Household 5UPPOrt Suffolk Community Fund Harris Family Trusi- Portland House Simon Gibson N¢wmarkel Cosl of living fund Masonic Charitable MCF Fund Arnold Clark Community Fund 10,000 ( i 0.000) 2,000 (2,000) 1.000 (1,000) (13,000) 13,000 Al l April 2023 Ai 31 March 2024 Income Expenditure Transfers Godolphin Household support Suffolk Community Fund Harris Family Trust- Portland House Simon Gibson Newmarkct Cost of livin8 fund Masonic Charitable MCF Fund Amold Clark Comrnunity Fund 8,922 (8,922) (3,209) (5.250) 3,209 5,250 5,000 5,000 (s,000) (5,000) 8,500 (8,500) 2,000 (2,000) 3.209 34.672 {37.881) 20
Newmarket Open Door CompAny Limlted by Guarantee Notes to the Financial S¢at¢ments (¢on{iled) Year ended 31 M*rch 2025 18. Analysls of ¢haritable funds (eonrfn4ed) Godolphin - Spent on supportin8 the food bank operaiion and accommodation. Household support- Cost of living crisis relief from poverty. Suffolk Community Fund . Assist households in Newmarket through the vou¢her 5chem¢s. Harris Family Trust - Specific lo supported housing at Portland House for18-24 year olds. Simon Gibson - Specific to supportin8 the Food Bank operation. Newmarket Cost of living fund - In the previous year, £8.000 was donated for voucher distribution. The remaining £500 balance was to support the garden restoration proje¢1 by residents. Masoni¢ Chariloble MCF Fund - Specific to supporting the Food Bank operation. Arnold Clark Community Fund- Spe¢ific to supporting the Food Bank operation. 19. Analysls of net assets between funds Unrestricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than l year Creditors 8reater than l year Net assets 475.451 72,017 (61,290) (341,941) 144.237 475,451 72,017 (61,290) (341,941) 144,237 Unrestricted Total Funds Funds 2024 Tangible fixed assets Cuen¢ assets Creditors less ihan l year Creditors greater than l year Net assets 478,608 136,602 (46.042) (371,032) 478,608 136,602 (46,042) (371,032) 198,136 198,136 20. Anilysis of Changes In net debt A¢ At l Apr 2024 Cash flows Other chan8es 31 Mgr 202S Cash at bank and in hand Debi due within one year Lkbt due after one year 102,794 {26,376) (371,032) (61.429} 27.574 41,365 (27,893) {341,941) (328,469) (29,091) 29,091 {294,614} (33,855) 21
Newmarket Open Door Company Limited by Guarantee Notes to the Fin¥nri#l Statements (¢ond*u¢d) YeAr ended 31 March 202S 21. Op¢r411ng lease commi¢m¢nts The total future minimum lease payments under non-canccllable operating leases are as follows: 2025 2024 Not later Ihan l year Later than l year and not laier than 5 years Later than 5 years 53,475 137.838 41.113 4S,725 168.317 51,838 265,880 232,426 22, Related parties There were no related pw transactions or balances during the current or previous year. 22