Company regl$tration number 03169878 (England and WaleB}
Charity r•gistration number 1072104 (England and Wales}
OPEN CITY
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026

OPEN CITY
LEGALAND ADMINISTRATIVE INFORMATION
Trustses
Pooja Agrawal
Dav Bansal
Anna Liu
Sara Bailey
Deborah Denner
Peter Bury
Carolyn Larkin
Selina Mason
Roland Oakshett
Aretha Ahunanya
Ann Paul
Mike Saunders
Sarah Gold
(Appoinled 28 May 2024)
(Appointed 28 May 2024)
(Appointed 27 May 2025)
(Appointed 22 Juty 2025)
(Appointed 22 July 2025)
Country of In¢orporatlon
United Kingdom
(England and Wales)
03159878
Charity registration
England and Wales
1072104
Registered offlce
C1, Design District Unit 2
Floor 11a Cripps Yard
Soames Walk
London
SE10 OBQ
Auditor
Galloways Accounting (Audit) Limited
15 West Street
Brighton
East Sussex
BN12RL

OPEN crry
CONTENTS
Page
Trustees. report
Statement of trustees, re$ponsibililies
Independent audltorfs report
10-12
Statement of financial activities
13
Statement of financial p05ilion
14
Statement of cash flows
15
Notes to the financial statements
16-28

OPEN CITY
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The tTustees present their annual report and financial statements for the y8ar ended 31 March 2025.
The trustees of Open City are pleased to present their annual report together with the financial statements of the
charity for the year ending 31 March 2024 which are also prepared to meet the requirements for a directors, report
and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the
Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordan￿ with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021.
Objèctives and activities
Public benefit
The trustees have paid due regard lo guidan¢e issued by the Charity Commission in deciding what activities the
charity should undertake.
Activities
The Charity Cornmission's guidance on public benefrt (section 17(5) of the 2011 Act) has been considered when
applying the objectives of the Charity.
Open City's charitable object is lo foster public apprecialion of and advance public education in architecture. To
achieve this object Open City makes architecture and cities more open, accessible and equitable. We empower
communities to learn about, feel connected lo, and have a role in shaping places where they live. We collaborate
with people from diverse communities to widen access to spaces, neighbourhoods, knowledge and Careets that
they are often excluded from. We do this by creating educational and Cuttural programmes that discuss, celebrate
and open up historic and contemporary architecture.
Our work is organised into four strands..
An annual Open House Fgstival
Empowering local communities, residents and homeowners, civic organisations and local businesses to exhibit and
learn about buildings and neighbourhoods which matter to them, our flagship annual event Open House Festival is
an accessible volunteer-led public celebralion encouraging audien￿$ to explore new places, learn ab)ut diffe￿nt
communities & experience diverse architecture first-hand each September.
A Young People's Education Pathway
Open City works with primary, secondary and SEND schools as well as higher education providers to support
children and young people from lower socioeconomic backgrounds, under-represented communities, and wrth
special educational needs and disabilities lo learn design skills and critical thinking needed for successful careers in
Creative industries including design, architecture and landscape. This indudes city-making workshops and insight
tours at primary, secondary and Special Educational Needs (SEND) schools as well as the AC￿lerate pre-
University mentorship programme that provides workshops and mentoring sessions for young people Iraditionally
excluded from ar¢hileclure lo create pathways into Careers in the built environment.
A year-mund Editorial programm8
Throughout the year, there is a lively programme of events, podcasts, tours, training courses, Pocket printed tours,
video reel cont8nt, merchandise and other opportunities to engage our audiences and demo¢ratise publi¢
knowledge about cities and the way we live in them.
Open House Worfdwide Ne￿0
Supporting, growing and cultivating dialogue across a network of over 60 Open House Festivals around the world,
from Lagos to New York, the Open House Worldwide Ne￿ork creatively engages millions of people a year with the
architecture that shapes their local communities. Open City believes a good city is one in which all citizens have a
voice in shaping the design, development and care of Ihe built environment.

OPEN CITY
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance
Significant actiV￿-e$ and achievements agaiiist objectives
Programmes in 2024-2S
2024-25 saw the charity create 1,492 in-person events, tours, workshops and building openings, in order to
enhan￿ belonging and open up access to who gels to learn about and engage with cities. The 2024 Festival saw
us open up 848 spaces across London, in a return to our pre-pandemic figures. with over 275.000 visits and 880A of
visitors wanting to explore and research the different buildings and areas more. Our Education programmes
engaged 3,744 young people in London with preparations for Ouf full Education pathway to be established in
Birmingham in the 2025-26 academic year well underway. This follows successful pilots of Accelerate Studios in
secondary schools, and plans for Young Cty Makers to be piloted in the 2024-25 academic year. to establish our
ne￿orkS and seed interest in our programmes in Birmingham. From a survey sent to the audien￿5 for our Editorial
projects, 780A felt an increased sense of belonging in how they were connected to London through accessing oui
ntent with 1.2 million impressions across our social media reels and podcasts.
A fvll summary of the charity's services are as follows..
London Open House Festival 2024
Open House Festival is London's annual ￿lebration of architedure, heritage, and communty- Over nine days.
buildings and neighbourhoods open their doors to visitors. for free, to bring people together to share in and learn
about the city in all its diversity. As Open City's largest evenl of the year, the festival generates huge social value
with tens of thousands of people visiting new neighbourhoods for the first time and feeling More connected to
London and its communities as a result.
This year, an overwhelming 990A of visitors to the Festival said they enjoyed it - an increase on even last year's
figures - with 720/0 accessing the spaces on offer for the very first tirne. 57°h said it gave them a more posilive view
of London. There were 275.494 visits to 848 events across all 33 London Boroughs with an estimated £10.7 million
economic impact in the London local economy as a result of Ihe festival.
No Open House Festivals ar8 the same. reflecting London as a changing city. This year, 300A of the 848
buildingslevents were new to the Festival. In light of changing and uncertain times, two-thirds of Festival
conlributors take part in order to strengthen links with th8ir local community. The Festival is the work of many hands:
made possible only through volunteers.. 801 volunteer stewards made the 2024 edition possible plus our team of
core volunteers who onboard buildings to the Festival year-round.
Open House Festival's audience development programme aims for Festival visitors, contributors and volunteers to
be representative of London's population in order to properly tell its story. While the Open House Festival will always
be free to all to access, our additional programming aims to plarform underrepresented voices and dismantle the
barriers faced by groups in experiencing and learning about architecture. heritage, and cities. These included..
City Curators." 19 young people from Open City's Accelerate mentoring programme curated collections of
buildings and events on the themes that mattered to them.
Guest Curators.. four of the most exciting vol￿S in the built environment onboarded sites and curated
thematic collections.. Chris Laing. Riya Patel., Rayan Elnayal & Heba Tabidi (Space Black)., and Olly
Wainwright.
Animate.. festival spaces collaborate wilh artists to bring places to life through different art forms: movement
installations at The Royal College of Physicians with Clod Ensemble-, dance at Isleworth Town Hall with
Alliance Arts-, plus scent installations at Southall Manor with Sarah Mccartney and Gurpal Singh Sahots.
Early Career Photography.. a development programme in collaboration with The Photography Foundation.
commissioned 8 early-career photographers from underrepresented backgrounds to document the Festival.
A collaboration with Deaf Architecture Front.. to create a growing programme of British Sign Language
Tours, plus a review of the Festival's operations to begin removing barriers to access for Ihe Deaf
community.
Open House Wortdwid9
Open House Worldwide is a nelwork of non-profit organisations sharing our mission to make cities rTh)re open and
accessible through Open House Festivals. In 2024-25, there were 52 Festivals that occurred across 30 countries
and 6 continents that in lotal comprised over 1.6 million visits. New cities joining the nelwork were Bern, Hong Kong,
Miarni and Zaragoza.

OPEN CITY
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
As part of Open House Europe, a regional chapter that re￿iVeS funding from Creative Europe. an annual summil
was held in January 2025 that was hosted by Open House Dublin and the Irish Archite¢ture Foundation in Ireland.
The 15 member organisations of Open House Europe attended along with several guest cities and members of the
global community including Santiago. Taipei, BuenosAires and London.
Open City Tours & Golden KeyAcademy
Open City delivers year-round public tours and tour guide training through the Golden Key Academy, promoting
architectural education, active citizenship and inclusive participation in the built environment across London.
Travelling by foot. bicycle or boat, the tours programme furthers our charitable aims by providing engaging ways for
diverse audiences to explore how cities are best shaped for the benefit of everyone.
Over the past year, Open City led 194 walking tours, 7 cycling lours and 10 boat tours plus 2 outof London tours for
5,183 participants. We had 28 tour guides who trained as part of the &month Golden Key Academy {GKA) with 6
mentors, which culminated in them giving their first tour during the Open House Festival.
New tours developed include=
North Kensington by GKA 2021 graduate Aine Grace.,
Queer Soho by GKA 2023 graduate Imogen Steinberg.,
Brixton Walking Tour by Betty Owoo.,
The London Pubs of Westminster by Sheldon Goodman;
Richmond to Roehampton Cycle Tour by Roz Peebles and Aidan Hall..
Libraries of London Cycle Tour by GKA 2023 graduate Justin Manley.
910h of attendees on our tours rated their enjoyment as 5 out of 5 and 730h said that they felt they learned
something that they otherwise wouldn't have.
Editorial programme
Through podcasts, printed tours and video reels, Open City extends its educational reach-providing accessible,
on-demand resources that foster public understanding of architecture, urban issues and the value of well4esigned
cities. Coupled wrth our tours programme, this multimedia content showcases the role that an inclusive highquality
built environment can play in delivering better outcomes for all. Through experiential learning, ac￿ssible mulli-
format resour¢es and inclusive storytelling, the programme encourages a deeper connection to the built
environment, while supporting lifelong public education.
In 2024-25, Open City produced 41 reels which were watched 1.1 million times, and we made 42 podcasts that had
53,193 global listeners - 213rds of whom were very likely to recommend our pod¢ast to a friend.
Pocket printed tours produced 12 editions- reaching an estimated readership of 4,200,. 850k of whom felt that these
printed tours increased their knowledge of London substantially. It was interesting to note that 700/0 of our audiences
for our editorial content had no specialist or professional Iraining in architecture and the built environment.
Young People's programme
Open Crty has established an education pathway spanning primary to secondary to SEND schools as well as our
pre-universty mentorship programme. Accelerate. These support children and young people from under-
represented backgrounds to learn about. engage with. and pursue careers in design and city-making. Our young
people's programmes help to create a more diverse and representative built environment sector that. in turn. will
lead to more equitable outcomes for communities.
This section covers the 2023-24 academic year (which concluded during the 2024-25 financial year). During this
time, Open City expanded its education programmes for the first time beyond London with a pilot of our secondary
school programme. Accelerate Studios. in Birmingham.
In-school PrOgramn￿S..
Cities are changing rapidly and the voices of children and young people are often left out of di$￿ssIOnS about the
future. Open City's school programmes work to creatively engage learners to reimagine their cty and share their
vision of it with the world.
Young City make￿ (KS2 Primary School Education programme) is a free, inter-school design Challenge that pairs
local primary schools with built environment professionals (architects, engineers, planners or landscape designers).

OPEN CITY
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
It's My City Too (SEND Education programma) supports student5, leachers and families across multiple Special
Educational Needs (SEND) schools by delivering tailored workshops and visits.
Working together to reimagine the cty, learners build cultural capital, oracy and confidence as ￿ell as
creative and critical thinking skills. In the 2023-24 academic year, we worked wilh 38 primary schools and 4
SEND schools in partnership with 41 built environment practices who facilitated the workshops. Open City
reached 2010 students and 153 teachers and teaching assistants through 55 sile visits, 168 in-school
workshops and 22,810 hours of pupil engagement. 93°/o of the students said they enjoyed the model-
making experience very much. Teachers also lold us that students improved their skills in confidence,
oracy. team-work, problem solving and creative skills.
Accelerate Studios (Education programme for 12-16 year olds) intrOdU￿S young people aged 1416 to the
excitement of the built environment. Learners gain awareness of career pathways, creative skills, and-crucially-are
reminded of their vol￿. agency, and right to the city-
Workshops are delivered by young adults who have themselves been supported by Open City's education
programmes, providing the additional impact of meaningful paid employment for 20 young adults from
under-represented backgrounds. As parl of Accelerate Studios, we ran 61 events for 1,638 students at 20
secondary schools.
Accelgratg (Education pmgramme for I￿18 year olds) supports young Londoners from underrepresented
backgrounds to explore careers in architecture, landscape, planning, engineering and related fields. The course
equip5 participants with Ihe skills, portfolios, networks and confidence to make informed progression choices and to
thrive in higher education and the workplace.
In the 2023-24 academic year, AC￿lerate supported 96 young people to develop new skills that will help
them pursue careers and university studies. Of this cohort, 840/0 were from global majority backgrounds,
310/0 were eligible for freè school meals, 40 % would be the first in their family to go to university, 180￿ lived
in social housing and 1000kn attended non¥fee paying schools.
Open City ran 30 workshops as part of the course with 26 guest speakers. 23 built environment practices
provided mentorship and work experience for the students and the course culminated in a summer
exhibition of their work, which was held at University College London. 890A of students ￿ported an
increased feeling of belonging within London after doing the course and 950/0 of students felt they had an
improved understanding of how the city is constructed.
Since its inception, Accelerate has supported more than 600 young people froffl historically marginalised
backgrounds to create. express and develop their ideas and skills. In its second year the AcceleTrte Alumni
network expanded its support to graduates with more job offers. work experience, a monthly newsletter,
and a popular competition to celebrate the impact of the programme.
Sponsors and Partners
Open City's programmes are the Work of many hands. We'd like to thank all of our partners and sponsors for their
support given in 2024. Special thanks also goes to all those who donated time andlor funding during the Festival or
our year-round programmes, as well as to the Friends of Open City whose membership fees go towards wpporting
our cause.
The headline sponsorfor the London Open House Festival in 2024 was AiTbnb.
Additional Festival sponsors include:
Arts Council England
Aucoot
City Bridge Foundation
Foster + Partrbers
National Lottery Community Fund

OPEN CITY
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
London Borough Sponsors..
Open City would like to thank the following London Boroughs who supported our work with financial support towards
the costs of staging the Open House Festival..
Barking & Dagenham
Bromley
Camden
City of London
Croydon
Ealing
Enfield
Hackney
Haringey
Hounslow
Islington
Richmond-upon-
Thames
Sutton
City of Westminster
Waltham Forest
Young City Makers & Its My City Too Partners."
Earls Court Development Company
East End Community Foundation
Hayes Davidson
Howard de Walden Estate
John Lyons, Charity
Knight Dragon
Old Oak and Park Royal Development Corporation
Tallow Chandlers, Company
Tower Hamlets
Accelerate Studios partne￿..
De￿ent
Lendlease
Zaha Hadid Foundation
Accelerate University Partners..
Architecture Association IAA)
Kingston Universily
University of the Arts London (UAL)
University College London (UCL)
Accelerate Sponsors."
Barking & Dagenham
Be First
British Land
Earls Court Development Company
Geoff Herrington Foundation
Landscape Institute
Lendlease
surfa￿ Matter
Zaha Hadid Foundation
Zetteler
Accelerdte MentorPractices.'
AHMM
AKT-11

OPEN CITY
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Atkins Realis
Corstorphine & Wright
Cullinan Studlo
Turkington Martin
Frame Projects
Grimshaw
Gustafson Porter + Bowman
HawkinslBrown
Healhetwick Studio
HKS
Jestico + Whiles
LOM
Maccreanor Lavington
Make
Morris + Company
NBBJ
Periscope
Sheppard Robson
Stanton Williams
Studio Jenny Jones
Weston Williamson + Partners
Media Partners..
The Architects, Joumal
SAVE Britain's Heritage
Financial revlew
Total income for the year was £1,122,037 (compared to £1.033,055 in the previous financial year to 31 March
2024). of which £100,614 (2024.. £97,149} was restricted income and the balance was unrestricted. Total
expenditure was £1,206,044 (2024.. £1,088,685) leading to a deficit for the year of £84,007 (2024.. deficit £55,630).
Total reserves at the year end were £257,133 (2024.. £341,140) of which none were restricted funds carried over
(2024.. £56,459) and unrestricted funds were £257,133 {2024'. £291.292).
Reservés policy
The Board of Trustees kept the reserves policy al the same level as previous years to maintain at leasl £300.000 of
unreslri¢ted reserves, which the Board deemed sufficienl to run the organisation for three months without income.
As at 31 st March 2025 the charity's unrestricted reserves stood at £257,133. This is below our staled target as a
result of increased costs and the timing of securing income. The Trustees have considered the increased risk
associated with the lower feserve levels and are actively addressing the situation as explained in the Risk
Management and Plans for Fuluie Periods sections of the report below.
Major risks
Risk Management
Income
Open City is working with the assumption that funding from local authorities, university partners and the wider buitt
environment sector is likely to be harder to secure in the next few years. We are looking to grow individual
donations by improving the donor jouiney through the Festival website, and through running more regular
campaigns linked to other programmes of work as well as legacies. The Open City team is continuing to develop
strategies to diversify our income. Being a recipient of Iwo types of multpyear funding - from Bloomberg
Philanthropies through their Digital A￿lerator Programme towards setting up a new CRM and from the Paul
Hamlyn Foundation towards growing our primary school and SEND programmes in London and Bimiingham- will
hopefully pave the way for more similar opportunities to invest in Open City's wotk over multiple years. This should
aid our ability to track Ihe longer term impact on the communities served. The goal is for Open City to develop a
diverse income base with several multi-year parlners to keep a majority of our programming free.

OPEN CITY
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Financial Monitoring
Cash reserves are reviewed on a regular basis by the offi￿ and Digital Communications Manager and the CEO
and if nearing the reseNes limit, this is referred to the Treasurer and Finance & General Purposes Board su
commillee. Cash flow projections and management a¢¢ounts are compiled and reported to the Treasurer by the
CEO on a quarterly basis.
Economic Impacts
There are many pressures on the built environment sector in the current economy that have led to increased
uncertainly. The government's focus on housing delivery, including the New Towns Programme, will hopefully boost
the construction industry. In the meantime. challenging e¢onomics in the construction industry are making it harder
for Open City to obtain support from architecture praCtI￿s, developers and other built environment professionals.
The Trustees are aware of this risk and will endeavour to obtain more secure funding streams which are less
exposed to the current major e¢onomi¢ impacts. In the cultural sector more broadly, Arts Council England (ACEI'S
National Portfolio was extended to 2028 making Open City unable to apply as planned in 202&26, with ACE itself
under independenl review. Ethical fundraising is becoming increasingly important for the charity to consider when
engaging corporale sponsors in partnership in order lo maintain the goodwill and trust of the large and diverse
audiences whom we engage. A draft policy has been developed which is being reviewed by the Board of Trustees.
Plans for future periods
Open City experienced leadership change with the CEO and COO leaving the organisalion in 2024-25 and a new
CEO being appointed in September 2025. The organisational strategy developed in 2022-23 is in the process of
being revised in consultation with the Open City team and Trustees.
Open City remains focused on diversifying funding for the Open House Festival, securing multi-year funding across
the Young People's Education pathway in London and Birmingham while reaching new audiences through our
Editorial activities of tours and podcasts. A major changè in our business plan was the decision to slop producing
publications and merchandise in 2024-25, with the exception of our monthly Pocket printed guides that are
distributed through a subscription model. This decision was taken because these products were a pandemic
measure lo generate income but are not aligned with our charitable mission and generate significant warehouse
and fulfillment costs. The ambition is to reduce subslantially all warehouse sto¢k by the end of 2025-26 through
sales, donations and gifts to our Friends programme. The interim strategic direction is to address ways to
sustainably grow the social impact and reach of Open City's programmes to new audiences in cuhurally under-
served areas through partnerships wrthout increasing the size of the team.
offi￿ Space
Open City continues to be based in the Design District in North Greenwich having secured office Spa￿ at the end of
2021 at a significantly reduced rate in exchange for cultural programming. In 2024-25 this included situating the
Open City podcast here, collaborating with local partners Clod Ensemble and The Photography Foundattyjn, and
starting to run tours on demand for visitors to the district. Open City also runs a local Young City Makers programme
in collaboration with developer Knight Dragon with Greenwich primary schools. and Ravensbourne University is the
latest university partner of Open City's AC￿lerate programme. Having a fixed space for multiple years has brought
considerable stability to the organisation and the running of our different programmes of work.
Website and Digitalplaffonns
Open City Continues lo improve our digitsl plafforms to better communicate the mulliple strands of work that the
charty undertakès. Being selected to join the cuirent Cohort of the Bloomberg Digital Accélerator Programme has
aided this endeavour to fund the development of a new ￿ntralIsed CRM lo help with the current fundraising
challenges in an un￿rtain economy. In 2025, the Charity moved to working with a web development agency to
maintain the Open House Festival website to ensure it can respond to the different needs of the diverse audiences
of visitors, volunteers and contributors whom it serves ahead ol the 2025 London Open House Festival.

OPEN CITY
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structure) governance and management
Open City was fomied in 1992 and became registered with the Charity Commissioners of England and Wales under
registration no. 1072104 in 1996. 11 is a company limited by guarantee (Company Registration no. 3159878) and is
govemed by its Memorandum and Articles of Association. The charity ohanged ils name from Open City
Architedure to Open City on the 4th of December 2023, to reflect that our activities went beyond just engaging with
architecture and architects and instead involved all those interested in the making of their city. The Trustees of the
charity, who constitute its Board of Directors, have been appointed in accordance with the charity's Artides of
Association.
The trustees, who are also the directors for the purpose of company law, and who served up to the date of signature
of the trustees report are..
Pooja Agrawal
Dav Bansal
Anna Liu
Eleanor Dodd
JaydenAIi
Sara Bailey
Deborah Denner
Peter Bury
Edward Francis
Carolyn Larkin
Selina Mason
Roland Oakshett
Aretha Ahunanya
Ann Paul
Mike Saunders
Sarah Gold
{Resigned 31 December 20241
(Resigned 25 November 2024)
(Resigned 7 October 2024)
(Appointed 28 May 2024)
(Appointed 28 May 2024)
(Appointed 27 May 2025)
(Appointed 22 July 2025)
(Appointed 22 Juty 2025)
Recruitment and appointment of trustees
Re¢ruitmenl of Trustees is undertaken Ihrough open processes with a periodic call for new Trustees through social
media, newsletter, our extensive ne￿ork, and our supporters. The charty's Articles ofAssociation set out the length
and duration of each Trustee. Potential Trustees submit a CV and cover letter from which they are shortlisted and
then inlerviewed by a minimum of existing Trustees as well as the Chair, followed by approval of the
appointment of the preferred candidate at a subsequent Trustee meeting.
Auditor
In accordance with the company's articles. a resolution proposing that Galloways Accounting (Audit) Ltd be
reappointed as auditor of the company will be put at a General Meeting.
Daborah Cierthor
Chalr
RoL*rKI i)ak8t￿ll
Tr•a•ur•r
., 15 December 2025 .....

OPEN CITY
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees (who are also directors of the charity for the purposes of company18w) are responsible for preparing
the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the
trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs
of the charitable company and of the incoming resources and application of resources, including the income and
expenditure, of the charitable company for that period. In preparing Ihese financial statements, the trustees are
required to:
select suitable accounting policies and then apply them consistently,.
obseNe the methods and principles in the Charities SORP-
make judgments and estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements., and
prepare the financial statements on the going ¢oncem basis unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that disclose wilh
reasonable a¢cLJracy at any lime the financial position of the charitable company and enable them to ensure that the
financial slatements compty with the Companies Act 2006. They are also responsible for safeguarding the assets of
the charitable company (and the group) and heno for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
In so far as the trustees are aware:
There is no relevant audit information of which the charitable company's auditor is unaware. and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
audit information and to establish that the auditor is aware of that information;
The trustees are responsible for the maintenance and inlegrty of the corporate and financial information included on
the charitable Company's website. Legislation in the United Kingdom goveming the preparation and dissemination of
financial slatemenls may differ from legislation in olher jurisdictions.
Company law requires the trustees to prepare finan¢ial statements for each financial year which give a true and fair
view of the state of affairs of the charity and of the incoming reSoUr￿S and application of reSoUr￿s, including the
income and expenditure, ofthe charitable company forthat year.
In preparing these financial statements, Ihe trustees are required to:
select suitable accounting policies and then appty them consistently.,
obSe￿e the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
stste whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time Ihe financial position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.

OPEN CITY
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF OPEN CITY
Oplnlon
We have audited the financial slalements of Open City (the 'charity') for the year ended 31 March 2025 which
comprise the statement of financial activities, the statement of financial position, the statement of cash flows and
notes to the financial statements, including significant accounting policies. The financial reporting framework that
has been applied in their preparation is applicable law and Uniled Kingdom Accounting Standards, induding
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practi￿).
In our opinion, the financial slatemenls..
give a true and fair view of the slate of the charitable company's affairs as at 31 March 2025 and of its
incoming resource5 and application of resources, for the year then ended-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi￿..
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UKII and applicable
law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit ol
the financial statements section of our report. We are independent of the charity in accordan￿ with the elhical
requirements thal are rèlevant lo our audit of the financial statements in the UK, including the FRC'S Ethical
Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion.
Key audit matters
We have determined that there are no key audit matters to be communicated in our report.
Conclusions relatlng to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material Un￿rtaInlieS relating to events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trusteès with respect to going concern are described in the
relevant sections of this report.
Other inforniation
The other information comprises the infomation included in the annual report other than the financial statements
and our auditor's report thereon. The trustees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover Ihe other information and we do not express any fomi
of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistent with the financial statements or our knowledge obtained in
the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies
or apparent material misslalemenls, we are required to determine whether this gives rise to a malerkll misstatement
in the financial statements themselves. If. based on the wotk we have perfarmed, we conclude that there is a
material misstatement of this other information, we are required to report that fact.
Matters on which we are required to report by exceptlon
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Reports) Regulations 2008 requires us to report to you if. in our opinion:
the infomation given in the financial statements is inconsi$tenl in any material respecl with the tru5tees'
report", or
sufficient accounting records have not been kept. or
the financial statements are not in agreement with the accounting re¢ords- or
we have not received all the information and explanations we requir8 for our audit.
10-

OPEN CITY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF OPEN CITY
Responslblllties of trustees
As explained more fully in the statement of trustees. responsibilities, the trustees, who are also the directors of the
charity for the purpose of company law, are responsible for the preparation of the financial statements and for being
satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to
enable the preparation of financial statements that are free from material misslalement. whether due to fraud or
error. In preparing the financial slalements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the
Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial slatements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAS (UK) will always detect a material misstatement when it exisls. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they Gould reasonably be expected to influen
the economic decisions of users taken on the basis ofthese financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
The engagement partner ensured that the engagement team collectivety had the appropriate competen￿,
capabilities and skills lo identify or recognise non-compliance with applicable laws and regulations;
We identified the laws and regulations applicable to the charity through discussions with management, and
from our commercial knowledge and experience of the charity sector,.
We focused on specific laws and regulations which we considered may have a direct material effect on the
financial statements or the operations of the charity, including the Charities SORP 2019, Charities Act 2011,
Companies Acl 2006, and data protedion, anti-bribery, employment, environmental and health and safety
legislation.
We assessed the extent of ￿mplianCe with the laws and regulations identified above through making
enquiries of management and inspecting legal corresponden￿. and
Identified laws and regulations were ￿MmUnIcated within the audit team and the team remained alert lo
InStan￿S of non-compliancè through the audit.
We assessed the susceptibility of the charity's financial slalements to material misstatements, including obtaining
an understanding of how fraud might occur" by:
Making enquiries of management as to where they considered there was susceptibility to fraud. their
knowledge or actual, suspected and alleged fraud.,
Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations.
To address the risk of fraud through management bias and override of controls, we-
Performed analytical Pro￿dureS to identsfy any unusual or unexpected relationships.,
Tested joumals entries to identify unusual transactions.,
Assessed whether judgements and assumptions made in detemiining the accounting estimates were
indicalive of potential bias,. and
Investigated the rationale behind significant or unusual transactions.
11

OPEN CITY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF OPEN CITY
In response to the risk of irregularities and non-complian￿ with laws and regulations, we designed procedures
which induded, but were not limited lo-
Agreeing financial statement disclosures to underlying supporting documentation-
Enquiring of management as to actual and potential litigation and Claims.,
Reviewing correspondence with Ihe Charity Commission, relevant regulators and the charity's legal
advisors., and
Reviewing minutes of trustee board meetings.
There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely it IS that we would become aware of non-compliance.
Auditing stsndards also limit the audit procedures required to identify non-compliance with laws and regulations to
enquiry of the trustees and other management and the inspection of regulatory and legal correspondence. rf any.
Material misstatements that arise due to fraud can be harder to delect than those Ihal arise from error as they may
involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Coun(al's website at.. https=Il
vMw.frc.org.uklauditor5responsibilities. This description forms part of our auditorfs report.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charitie5 (AGcounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees
those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's
trustees as a body, for our audit work, for this report, or forthe opinions we have formed.
Peter Watters FCA BFP Isenlor Statutory Auditor
for and on behalf of Galloway$ Ac¢ountlng (Audlt} Llmlted
Chartered Accountants
Statutory Auditor
15 West Street
Brighton
East Sussex
BN12RL
Galloways Accounting (Audit) Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for
appointment as auditor of a company under section 1212 ofthe CompaniesAct 2006.
12-

OPEN CITY
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Noteg
Incomo from:
Donations and legacies
Charitable activities
Other trading activities
323,411
328,038
369,974
100,614
424,025
328,038
369.974
262,038
137,193
536,675
262,038
234,342
536,675
97,149
Total income
1,021,423
100,614 1,122,037
935,906
97,149 1,033,055
Expenditure on:
Raising funds
Charitable activities
45,740
1.003.231
45,740
157,073 1,160,304
50,271
973,224
50,271
65,190 1,038,414
Total expenditure
1,048,971
157,073 1.206.044
1.023,495
65,190 1.088.685
Net expenditure and
movement in funds
(27,548)
(56,459)
(84.007)
(87,589)
31.959
(55,630)
Reconciliation of funds:
Fund balances at 1 April 2024
284,681
56,459
341,140
372,270
24,500
396,770
Fund balances at 31 March
2025
257,133
257,133
284,681
56,459
341,140
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from conlinuirlg activities.
13-

OPEN CITY
STATEMENT OF FINANCIAL POSITION
ASAT31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
13
31,396
39,326
Current assets
Stocks
Debtors
Cash at bank and in hand
14
15
11,594
55,011
445,086
34,227
87.688
382,301
511,691
504,216
Creditors: amounts falling due within
one year
17
(285,954)
(202,402)
Net current assets
225,737
301,814
Total assets less current liabilities
257,133
341,140
The funds of the charity
Restricted income funds
Unrestricted funds
20
21
56,459
284,681
257,133
257,133
341,140
The Company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounling records and the preparation of financial statements.
The members have not required the company to obtsin an audit of its financial statements under the requirements
of the Companies Act 2006. for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the trustees on
15 December 2025
Roland Oakih•tt
Tru•l••
14-

OPEN CITY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Cash flow5 from operating activities
Cash generated froml(absorbed by)
operdtions
24
62,788
(19.949)
Investing activities
Purchase of tangible fixed assets
(9,142)
Net cash used in investing activities
(9.142)
Net cash generated from financin9 activitie5
Net increaselldecreasel in Gash and cash
equivalents
62,788
(29,091)
Cash and cash equivalents at beginning of year
382,298
411,389
Cash and cash equlvalents at end of year
445,086
382,298
Relating to:
Cash at bank and in hand
Bank overdrafts induded in creditors payable
within one year
445,086
382,301
(3)
15-

OPEN CITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
Charity inforniation
Open City is a private company limited by guarantee incorporated in England and Wales. The regist￿ed office
is C1, Design District Unil 2, Floor 11a Cripps Yard, Soames Walk, London, SE10 OBQ.
1.1 Basis of preparation
The financial statements have been prepared in accordan￿ with the charitls Memorandum and Articks of
Association, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and
Republic of Ireland. ("FRS 102.) and the Charities SORP 'Accounting and Reporting by Charities: Statement
of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The
charity is a Public Benefit Entty as defined by FRS 102.
The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary
amounts in these financial slalemenls are rounded to the nearest £.
The financial slatemenls have been prepared under the historical cost rnnvention. The principal accounting
policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, Ihe trustees have a reasonable expectstion that the charity
has adequate resources to Continue in operational existen￿ for the foreseeable future. Thu5 the tru5tee5
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
The charity maintains a general unrestricted fund which represents funds which are expendable at the
discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to
finance both working capital and capital investment.
Designated funds comprise of unrestricted funds that have been aside by the Trustees for particular purposes.
Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of
trustees to Carefully monitor the application of those funds in accordance with the restrictions placéd upon
them.
There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other
than that described above.
Endowment funds are subject lo specific conditions by donors that the capital must be maintained by the
charity.
1.4 Income
All incoming resources are induded in the statement of financial activities when the Charity is entit]ed to the
income and the amount can be quantified with reasonable accuracy. The following specific policies are applied
lo particular categories of income..
16-

OPEN CITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Icontlnuedl
Donated services and donated facilities are recognised as income when the Charity has control over the item,
any conditions associated with the donated item have been met, the receipt of economic benefil from the use
by the charity of the item is probable and that economic benefit can be measured reliably.
On receipt, donated services and facilities are recognised on the basis of the value of the gift lo the charity
which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent
economic benefit on the open market. a corresponding amount is then recognised in the expenditure in the
period of re￿ipt.
Due to the nature of Open House (free access to London's best buildings), the charity receives the benefit of
venues to hold all rts events and programmes each year. At these events volunteers also donate their time. A
value has been quantrfied for this benefit as there is no reasonable markel value lo base the benefit on.
1.5 Expenditu
Expenditure is recognised once there is a legal or constructive obligalion to transfer economic benefit to a
third party. it is probable that a transfer of economic benefits will be required in settlement. and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity- The costs of each activity are made up of the total of dir￿1 costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribLrte to more than one activty and
5UPPOrt costs which are not attributable to a single activity are apportianed belween those aCtivit￿S on a basis
consistenl with the use of resources. Central slaff costs are alk)cated on the basis of time spent. and
depreciation tharges are allocated on the portion of the asset's use.
Support costs are those functions Ihat assist the work of the charity but do not directly undertake charitable
aclivities. Support costs may include any back office costs, finance, personnel. payroll and govemance costs
which support the charities programmes and activities. These costs have been allocated between cost of
raising funds and expenditure on charitsble activities where applicable. The bases on which support costs
have been allocated are set out in the notes to the accounts.
1.6 Tanglble fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Fixtures and fittings
Computer Equipment
Website Development
25./0 reducing balance
25% reducing balance
200k reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale prO￿edS
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impaimient of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impaitment loss. If any such indication
exists, the recoverable amount of the assel is estimated in order to detemiine the extent of the impairment
loss (rf any).
17-

OPEN CITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
1.8 Sto¢ks
Slocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their presenl location and condition. Items held for distribution at no or
nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be
incurred in marketing, selling and distribution.
1.9 Cash and cash equivalents
Cash and cash equivalents indude cash in hand, deposrts held at call wilh banks, other short-lemi liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.10 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
Ihere is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances. are initially measured a
transaction pri￿ including transaction costs and are subsequently carried at amortised cost using the effedive
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic flnanclal Ilabllltles
Basic financial liabilities, including creditors and bank loans are initially wognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities Classified as payable
within one year are not amortised.
Debt instruments are subsequently carned at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or serVI￿S that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised inrtially at
transaction pri￿ and subsequently measured at amortised cost using the effective interest method.
inancial liabilities
Derecognition of r
Financial liabilities are derecognised when the ¢harity'S contractual obligations expire or are discharged or
Can￿lled.
1.11 Taxatlon
The company is exempt from income and corporation tax to the extent that its income and gains are
applicable to charitsble purposes onty.
18-

OPEN CITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
A¢counting policies
(Continued)
1.12 Employee beneffts
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Temiination benefits are recognised immediately as an expense when the charty is demonstrably committed
to temiinate thè employment of an employee or to provide termination benefits.
1.13 Retirement benefits
Payments to defined contribution retirement benefft schemes are charged as an expense as they fall due.
Critical accounting estimatss and judgements
In the application of the charity's accounting policies. the trustees are required to make judgements. estimates
and assumptions about the carrying amount of assets and liabilities that are not readity apparent from other
sources. The estimates and associated assumptions are based on historical experien￿ and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and fLrture periods where the revision affects both currenl and future
periods.
Income from donatlons and legacles
Unrestricted Restricted
funds
funds
2025
2025
Totsl Unrestricted Restricted
funds
funds
2024
2024
Totsl
2025
2024
Donations and gifts
Legacies receivable
Grants received
78,750
150,656
94,005
78.750
251.270
94,005
76,469
100,024
85,545
76,469
100,024
85,545
100,614
323,411
100,614
424,025
262,038
262,038
Income from Charitable activities
UnrestriGted Restricted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Projects
Income from charitable
activities
328,038
328,038
137,193
97,149
234,342
19-

OPEN CITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from other trading activities
Unrestrlcted Unrestrlcted
funds
funds
2025
2024
Corporate sponsorship
Product income
366,864
3,110
535,885
790
Other trading activities
369,974
536,675
Expenditure on raising funds
Unrestricted Unrestricted
funds
funds
2025
2024
Fundralsing and publicity
Other fundraising costs
45,740
50,271
Expendbture on charitable activities
Total
2025
Total
2024
Direct costs
Staff costs
Project costs
530,578
461,069
493.973
351,403
991,647
845,376
Share of support and governance costs (see noto 8)
Support
Governance
154,559
14.098
181,348
11,690
1,160.304
1,038,414
Analysis by fund
Unrestricted funds
Restricted funds
1,003,231
157,073
973,224
65,190
1,160,304
1,038,414
-20-

OPEN CITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs allo¢ated to activities
Total
2025
Total
2024
Depreciation
Personnel and travel costs
Premises costs
Telephone and IT costs
Marketing. printing and statonery
Finance costs
Sundry expenses
Gavemance
7,930
41,510
17.703
34,386
44,549
3,968
4,512
14,098
12,510
13,617
16,445
86.809
44.980
4,901
2,086
11.690
168,656
193.038
2025
2024
Governance costs comprise:
Audit fees
Accountancy
9,500
4,598
7,000
4,690
14,098
11,690
Governance costs includes £9,500 (2024.. £7,000) paid to the Auditorllndependent examiner.
Net movement in funds
2025
2024
The net movement in funds is slated after ¢hargingl(crediting)-
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fi'xed assets
9,500
7,930
7,000
12,510
10 Trustees
None of the trustees (or any persons connected with them) re￿iVed any remuneration or benefits from the
chaiity during the year.
21

OPEN CITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11
Employees
The average monthly number of employees during the yearwas..
2025
Number
2024
Number
Management and administration
Projects
11
12
Total
18
14
Employment costs
2025
2024
Wages and salaries
Social security costs
Other pension costs
477,083
42,998
10,497
455,002
30,284
8,6B7
530,578
493,973
There were no employees whose annual remuneration was more than £60,000.
12 Taxation
The charity is exempl from taxation on its activities because all its income is applied for charitable purposes.
13 Tangible fixed assets
Flxtures and
flttlngs
Computer
Website
Equlpmant Development
Total
Cost
At 1 April 2024
19,181
45,070
238,862
303,113
At 31 March 2025
19,181
45,070
238,862
303,113
Depreciation and impalrment
At 1 April 2024
Depreciation charged in Ihe year
18,804
94
44,145
231
200,838
7,605
263,787
7.930
At 31 March 2025
18,898
44,376
208,443
271.717
Carrying amount
At 31 March 2025
283
694
30.419
31.396
At 31 March 2024
377
925
38.024
39,326
-22-

OPEN CITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14 Stocks
2025
2024
Finished goods and goods for resale
11,594
34.227
15 Debtors
2025
2024
Amounts falling due within one year.
Trade debtors
Other debtors
55.011
86,151
1,537
55.011
87,688
16 Loans and overdrafts
2025
2024
Bank overdrafts
Payable within one year
17 Creditors: amounts falling due wlthln one year
2025
2024
Nots8
Bank overdrafts
Other tsxation and social security
Deferred income
Payments received on account
Trade creditors
Other creditors
Accruals
16
50,267
84,0(X)
118.351
22,176
2,160
9,000
93.263
86,905
11.473
1,758
9,000
285,954
202,402
18 Deferrod Income
2025
2024
Other deferred income
84,000
-23-

OPEN CITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Deferred income
(Continued)
Deferred income 15 included in the financial statements as follows:
2025
2024
Deferred income is included within:
Current liabilities
84,000
Movements in the year..
Deferred income at 1 April 2024
Resources deferred in the year
84,OQO
Deferred income at 31 March 2025
84,000
19 Retiroment beneflt schemes
2025
2024
Defined contributlon Schemes
Charge to profit or loss in respect of defined conlribution schemes
10,497
8,687
The charty operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independenlly administered fund.
20 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donation5 and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 April
2024
Incoming
resources
Resources At 31 March
expended
2025
Baylight Foundation
Greater London Authority
National Lottery Community Fund
Tallow Chandlers Company
Johyn Lyons Foundation
Conseilde I'Europe EH Days Funding
City Bridge Foundation
25,926
2,000
5,000
16,260
3.000
14,000
1,647
58,707
(27,926)
15,000)
(16,260)
{3,000)
137,029)
(1,647)
(66,211)
23,029
7,504
56,459
100,614
(157,073)
-24-

OPEN CITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Restricted funds
(Continued)
Previous year:
At 1 Aprll
2023
Incomlng Resour¢e$ At 31 March
resources
expended
2024
Baylight Foundation
Geoff Herrington
Greater London Authority
Foundation for future London
NEU
Tallow Chandlers Company
City Bridge Foundation
Johyn Lyon5 Foundation
Christina Smith Foundation
Conseilde I'Europe EH Days Funding
24,500
3,000
12,000
1,000
10,000
1,5LKI
3.000
27,200
27,000
5,675
6,774
(1,574)
112,0001
11,0001
(10,000)
(1,500)
13,000)
119,6961
13,971)
(5,675)
16,774)
25,926
7,504
23,029
24,500
97,149
(65,1901
56,459
-25-

OPEN CITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Restri¢ted funds
(Continued)
Purpose of restricted funds
hl Foundatio
This is funding for Academy of British Housing l Baylight Fellowship- workshops and
tours foi professionals.
ons
oundal'on - This is funding for Its My City Too.. in-school workshops for SEN children.
G off Herrin
lo
an
ater London AulhD
These are Accelerate funding for skills development,
mentoring for 16-18 year olds and also funds activities for young people who have been through Accelerate.
ousin
Mastercla
Funds restricted to the housing masterclass are restricted to supporting the delivery of
programmes which explore, promote and drive positive practice in housing design and development in the
UK.
Found tion
orf
anders Com
an
These are funds for Young City Makers
programme for young people aged 8-11. Across in-school workshops and a trip in the city, this programme
pairs primary schools with architecture practice to bring learning io life. Students develop their collaboration
and model-making skills, together with Iheir understanding of their role in shaping their city-
Christina Smith Foundation This is funding for Open House Festival 2024.. Animate lj'azz perf0mlan￿).
Animate is an interdisciplinary Festival initiative to awaken the buildings and spaces showcased in the festival
with complimentary art forms, such as music, dance, or visual art. In this instance we ￿ceiVed fun(fjng to
stage a jazz perfomiance at a library in South NO￿00￿.
Brid e Foundation
This is funding for Open House Festival 2024.- City Curalors (young people's
development programme). City Curators is for graduates of our young people's programmes in their late teens
and early twenties. Our City Curators engage in several weeks of mentoring and workshops, in addition to
curating their own Festival collections and running events for members of the public during the Festival.
Conseilde I'E
This is funding for Open House Festival 2024.. Animate (Beck Road
artist exhibition). This was another part of our Animate programme, in which we supported a neighbourhood
collective to showcase visual art and hold workshops, while also opening their homes and studio spa￿S for
the Festival.
ional
This is funding for Open House Festival- AC￿ssIbl11ty for All Grant.
Tallow Ch ndler
- This is funding foryoung City Makers.. in-school workshops for KS2.
21 Unrestricted funds
The unrestricted funds of the charily comprise the unexpended balances of donations and grants which are
not subject lo specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 April
2024
Incoming
resources
Resources At 31 March
expended
2025
General funds
284,681
1,021,423
(1,048.971)
257,133
-26-

OPEN CITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
21 Unrestrlcted funds
(Continued)
Previous year:
At 1 Aprfl
2023
Incoming
resources
Resources At 31 March
expended
2024
General funds
372,270
935,906
(1,023,495)
284,681
22 Analysis of net assets between funds
Unrestrlcted
funds
2025
Restrlctsd
funds
2025
Total
2025
At 31 March 202S:
Tangible assets
Current assetsl(liabilities)
31,396
225,737
31,396
225.737
257,133
257.133
Unrestricted
funds
2024
Re$trlcted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Current assets1(liabilities>
39,326
245,355
39,326
301,814
56,459
284,681
56,459
341,140
23 Related paty transactions
The￿ were no disclosable related paty transactions during the year (2024 - none).
24 Cash generated froml(absorbed by) operations
2025
2024
Deficit for the year
(84.007)
(55.630)
Adjustments for:
Depreciation and impairment of tangible fixed assets
7.930
12.510
Movements in working capitsl:
Decreasel(increase) in stocks
Decreasel(increase) in debtors
(Decrease)lincrease in creditors
Increase in deferred income
22,633
32,677
1445)
84,000
(34,227)
(32,230)
89,629
Cash generated fromllabsorbed by) operations
62,788
(19,948)
-27-

OPEN CITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
26 Anatysis of changes In net funds
The charity had no material debt during the year.
-28-