OPEN DOOR Exmouth ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Charity Registration Number:1094599 Company Registration Number: 04543199
CONTENTS REFERENCEAND ADMINISTRATIVE DETAILS TRUSTEES, REPORT FINANCIALOVERVIEW AND RESERVES CHAIR OF TRUSTEES STATEMENT TREASURER'S REPORT OUR PURPOSEAND SERVICES IN 2023 SERVICES, REPORTS THANK-YOU 8-13 14 STATEMENTOFTRUSTEES RESPONSIBILITIES 15 INDEPENDENT EXAMINER'S REPORT 16 STATEMENT OF FINANCIAL ACTIVITIES CASH BALANCE 17-18 19 NOTES TO THE FINANCIAL STATEMENTS 20-33
REFERENCEANDADMINISTRATIVE DETAILS Open Door Exmouth is a charitable company limited by guarantee. number 04543199. incorporated in England and Wales on 24th September 2002 and registered as a charity, numbered1094599. on14th November 2001 Registered Office: The Open Door Centre. Church Street, Exmouth, Devon. EX81PE Independent Examiner Thompson Jenner LLP, I Colleton Crescent Exeter. Devon. EX24DG The company was established under a Memorandum of Association which established the objects and powers of the charitable company, and is governed under its Articles of Association. Under those Articles. all the original Trustees/Directors retired at the first AGM and have submitted themselves for re-election. Thereafter, one-third have retired by rotation each year. 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 accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective January 2019). The objectives of the charity are a) to relieve persons who are in conditions of need or hardship, or who are aged or sick, and to relieve the distress caused thereby in Exmouth in the county of Devon and in such other parts of the United Kingdom, or the world, as the Trustees may from time-to-time see fit and b) to advance education, by such means as the Trustees may consider appropriate, including by means of establishing and operating any educational establishment or establishments in the said location and in such other parts of the United Kingdom or the world as the Trustees from time-to-time think fit and c) to demonstrate the Christian faith in accordance with the ethos statement appearing in the schedule hereto in the said location and in such parts of the United Kingdom or in the world as the Trustees may from time-to-time think fit. Board of Trustees during theyear2023 Mrs D Conduit- Chair Mr N Jackson-Treasurer MrsKRanft MrsA Wynne Dr R Ferns Dr P Stiff Mrs F Bolt MrJ Russell Mr P Chalkley (resigned10/01R3) Senior ManagementTeam Lisa Pike- Chief Executtve Officer Tim Chappell - Head of Operations 03 1 ANNUAL REPORT 2023
TRUSTEES. REPORT The trustee4 who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable companyfor the year ended 31 December 2023. Public Benefit The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published bythe Charity Commission for England and Wale& FINANCIALOVERVIEW The income generated for the year was £267.129 The expenditure forthe yeartotalled £259,801 This resulted in a surplus for the year of £7,328 The reserves held at 31st December 2023 totalled £110,186, broken down between Unrestricted Funds of £90,917 and Restricted Funds of £19,269. The trustees continue to monitor the level of reserves the charity holds, with the aim to hold unrestricted funds to support six months running costs for core activities. These have been identified as £165,000. TheTrustees of Open Door Exmouth approved the annual report on 22nd March 2024. Dianne Conduit Chair of Trustees Date 2cJ2F 04 1 ANNUAL REPORT 2023
CHAIR OF TRUSTEES'STATEMENT l am delighted to introduce this Annual Report and Statement of Accounts on behalf of the trustees of Open Door Exmouth. It has been another busy year where, sadly, the demand for our services has risen significantly. However, support for Open Door has also risen hugely and we are genuinely in awe, and so grateful to our local community, for their heroic and generous support, donations, and volunteering. We also couldn't deliver our seNices without the many individuals and organisations who provide the funding to pay for our staff, facilities and seNices, and who keep the lights on and the doors open. A huge thank you to our small, fantastic team of staff who arejust amazing and also to our incredible team of volunteers. With 90+ volunteers freely giving an average of 334 hours each weel we could not make the differencewe do in Exmouth without them. Dianne Conduit The collective effort of our team and supporters means that Open Door remains at the heart of our community. Thank you for helping us to improve the lives of all those who visited our services and projects in 2023. I hope you enjoy reading about our achievements over the last year and some highlights coming in 2024. Celebrating some of our amazing volunteers at the heart of our community 05 1 ANNUAL REPORT 2023
TREASURER'S REPORT The year saw an increase in demand for the essential services at Open Door Exmouth. reflected in an increase in costs by 8% to £259,801. Thankfully, grants, donations and charitable trading income all increased, resulting in an income of £267,129, which was a 15% increase. This resulted in a surplus for the year of £7,328 reversing the loss of -£6,713 from 2022. There was also an investment of £3,791 in a new oven and new furniture for the café. which subsequently increased the fixed assets held on the balance sheet Open Door generated £53,697 of income from charitable activities, including £35.972 from drinks and meals sold in the café, and £9,992 from Men's Shed sales of restored tools and wooden items. The income generated from both projects was the highest we had ever seen. Project sales, however, are never enough to cover all the costs of running Open Door and providing services, so we remain grateful to all our donors. whether individuals. local churches, trusts. companies or local authority grants, who collectively gave £205,907, an increase of £27,749. Significantly, the amount of unrestricted donations and grants increased, and the restricted funds, which are for specific purposes, were largely spent fulfilling the conditions of the funding. For more information, please see the reseNes' statement in the notes section. Nicholasjackson Both kinds of funding are important and help Open Door to meet the needs of the community, however, the unrestricted funds give us greater flexibility and keep the organisation safe when times are financially hard, allowing our services to continue. Considering this, it was good to increase the unrestricted funds to £90,917 and decrease the restricted funds to £19.269. Although restricted funds are low, we received a funding commitment of just over £200,000 spread across four years from the National Lottery and, whilst this is restricted, it covers some core funding of the café and gives us scope to develop essential support services across the weel and open our doors every Saturday. £25,032 of this grant was paid in advance, increasing our cash in the bank to £133.084. Looking forward, we are aiming for an unrestricted fund of £140.000 to cover six months, expenditure, after which all of our money can be spent on charitable activities. However, we have set a budget for 2024 with a deficit of £12,000, so it will be hard to build up the reserves; nevertheless, we will aim to get to £100,000 of unrestricted funds by the end of the year. This is after putting money into Saturday moming opening of the café and using restricted funds to start a much needed Youth Café. We wanted to set a higher budget as the need is so great, but we have to manage within our resources. What helps us to do this is our team of 90+ volunteers who save us thousands of pounds by their generous personal support. Nevertheless. we need more financial SUPFX)rt to carry on with our existing and new services, support our voluntrS and modestly grow our reserves. As a charity founded on Christian values, demonstrating non-judgmental compassion across our services and projects on a daily basis, we hope you will consider supporting us into the future so that we can keep our doors open to those most in need. 06 1 ANNUAL REPORT 2023
WHOWEARE Open Door Exmouth has been at the heart of the Exmouth community for three decades. Originally a homeless drop-in service established by the local church, Open Door is now a multi-service charity, providing welcoming spaces and support across the age-groups. Our Purpose Our Guarantee To support people in need shoulder-to- shoulder and face- to-face with love integrity and compassion. To be at the heart of our community. creating safe and welcoming spaces. Quallty support without judgement. OUR BENEFICIARIES Our doors are open to all people of all ages: we have a big heart for those who are experiencing disadvantage.. marglnallsatlon, vuln•rablllty and so¢lal Isolatlon. OUR SERVICES IN 2023 Open Door provided five main services: Community Cafe Community Craft Room Parent Hub Youth Services (Haven) Men's Shed We delivered our services from within our Community Hub. based in Exmouth town centre and also from several outreach locations, including Exmouth Community College. We did not charge for any of our services or activities and aim to keep our costs low and affordable within our Community Cafe. OPEN DOOR RECEIVED17.844VISITSTO ITS PROJECTSAND SERVICES IN 2023. THISWASAN18/0 INCREASEON 2022. The cost of Siving increase put a huge amount of pressure, both on individuals and on organisations like us. during 2023, as we did our very best to provide help and support to those most in need. We met with more people struggling with their physical and mental health, many in financial or housing crisis. and a significant increase in service users needing help with meals or food than ever before. The impact of increased need has most been felt by staff team leaders and our small team of volunteer support workers. We are grateful for the provision of funding from The National Lottery which means that, from 2024, we can further develop our support services and open the doors of our Community Hub permanently on Saturdays, to provide help, meals and practical support. 07 1 ANNUAL REPORT 2023
OPEN DOOR Community Café Visits to our Community Cafe in 2023 were up by 1,000 on 2022. We gave away 63/0 more free meals than the previous year to homeless people, and to individuals and families in financial crisis. Our volunteer support team met with 644 clients, a 67% increase on the previous year. Shockingly, we experienced a 77f/o increase in homeless visits. The increasing levels of poverty and homelessness resulted in the provision of 93/0 more showers, 32/0 more clothing needs and 54% more laundry services. Many of our clients presented with complex needs. We subsequently introduced an Outcomes Star model to review individual needs holistically and uniquely. We continue to work closely with the Rough Sleeper Navigators, PCSOS, East Devon 11,359 VISITS 1487 FREE MEALS 856 ONE-TO-ONE SUPPORT SESSIONS H ousing, Together Addiction Support, Exmouth Foodbank, mental health services. NHS public health team and Exeter Community Energy. Thanks to the support of our local supermarkets and food purchased through Fareshare, we re- distributed18,020kg of food through our Community Fridge to people in need," an increase of 35 /0 on 2022. . Between February - June, we piloted Saturday opening hours,. enabling us to provide a warm space and support service at weekends. The pilot demonstrated that our services were needed," we have now secured funding to open our doors permanently on Saturdays from Spring 2024. We were also fortunate to secure funding to replace our kitchen floor, purchase a new oven and install more seating. During this time. we closed for a week to carry out a deep-clean whilst the fitting took place. Once more. we opened on Christmas Day.serving 25 guests who would have otherwise been on their own. 456 HOMELESS PEOPLE HELPED 3263 USES OF COMMUNITY FRIDGE 08 1 ANNUAL REPORT 2023
OPEN DOOR Craft Room zi." During the first half of the year, we continued to provide a safe and creative space for Afghanistan refugees. The group, who called themselves 'Ariana' (referring to the first inhabitants of Afghanistan), arrived in Exmouth towards the end of 2021. We began supporting the women once per week from January 2022. During 2023, we welcomed a few new arrivals, but many families moved out of area. As the sessions drew to a close in the summer, we joined many others at Exeter Respect Festival where the women were given the opportunity to sell their handmade goods. In the autumn, we replaced 'Ariana' with a Craft Cafe. This attracted new participants from the town area,. we saw a particular increase in social prescribing and adults attending with support workers. We have developed a reputation for being safe and welcoming, especially to anyone experiencing social anxiety or having additional needs. Our outreach Craft Room continued to grow with many new participants becoming regulars. Early in 2023, 90 handmade butterflies and birds were distributed around Exmouth as 'random acts of kindness, gifts. We know our participants enjoy working together on community projects, where they can use their skills and 4@ / OF PEOPLE learn from others. Many more participants this year have been willing to share their creative skills, including macramé, feltwork and lantern-making. Beneficiaries from across both groups joined in with the local community at Christmas for the Exmouth Lantern Parade. In October we ran our first evening sewing workshop. Participants from the Craft Room vOlUntred their time to share their skills. Attendees came with their own sewing machines and left with new confidence and skills. It has been amazing to see all our beneficiaries grow in confidence and make new friends overthe year. 1333 VISITS 41/ OF PEOPLE WHO ATTEND HAVE PHYSICAL HEALTH ISSUES WHO ATTEND ARE SOCIALLY ISOLATED 09 1 ANNUAL REPORT 2023
OPENkgDOOR Parent Hub Parent Hub Cafe continued to run every Thursday morning in 2023, providing a safe, friendly and supportive space to parents and their little ones. Alongside access to our Community Fridge, parents could access our Baby Bank which provided free clothes and nappies. Parents repeatedly shared with us how helpful it was to access both of these facilities during the cost of living crisis. With limited space to store baby items, we made numerous referrals to Exeter Baby Bank for larger items, including a pushchair, baby baths and maternity essentials for new mums. Although we offered a variety of activities available for pre-schoolers, we kept our focus on the parents, the majority of whom are struggling with family life. parenting. finances and/or their own mental health. We were regularly told by parents that the atmosphere was very different from toddler groups in the town. because everyone was so "friendly, welcoming and non-judgmental" We noticed that. although 1.1 support was available for parents, many of them preferred to chat about their needs and issues informally at the coffee bar. In February, we held a Time to Talk, session, encouraging parents to share their experiences of parenting. We made bread together, acknowledging that conversations are often easier shoulder-to- shoulder rather than face-to-face. In late spring and in partnership with the Action for Children, we 78 REPORTS OF delivered a series of Building Baby Brains workshops, which were very well attended. A variety of professionalsjoined our sessions during the I@11 VISITS 31@ USES OF THE BABY BANK 238 REPORTS OF PARENTING DIFFICULTIES MENTAL HEALTH y earto provide specialist support, including speech and language and sleep consultancy. With support from Dunelm customers we were able to provide all our parents with Christmas presents. Parents were overwhelmed by the generosity," we know that for many, this would have been the only gifts they received. CONCERNS 101 ANNUAL REPORT 2023
OPEN DOOR Haven Haven continued to provide mental and emotional wellbeing support to young people at Exmouth Community College in 2023 through: 1.1 mentoring Lunchtime safe space'Hub' Enhanced Transition Sessions for very anxious Year 6 students preparing to transition to secondary school Twilight wellbeing group sessions for Year7 student& 1337 VISITS Haven saw a large number of referrals for students struggling with low self- esteem, friendships and home circumstances. There was also a rise in the number of young people with low school attendance and anger issues. We found that many of the young people wanted to set goals for increasing their confidence. The team supported young people in reaching their goals by setting small tasks for them in between their mentoring sessions. Haven used a variety of evidence-based activities and resources created by youth workers, psychologists and counsellors.100 / of students scored a minimum of one or more levels higher at the end of their mentoring sessions, in at least seven areas of the Warwick-Edinburgh Mental Wellbeing Scale. Words used by young people to describe their mentoring experience included: fun, relaxing, helpful and therapeutic, and those who attended the twilight group sessions described them as enjoyable, educational, friendly, amazing and interesting. 100 /0 of young people supported in 2023 said theywould recommend Haven toa friend. ONE-TO~ONE 71 Year 6 students from the local primary schools attended sessions focused on converting the anxiety of moving to the college into excitement into what was to come. This included a popular scavenger hunt around the college. Haven also took part in larger events at the college. including two Health and Wellbeing Fayres. Having surveyed 300 DELIVERED students at one of these fayres, we are launching a new Youth Cafe in 2024, providing a safe after-school space for11-18 year olds. 262 YOUNG PEOPLE RECEIVED MEANINGFUL SUPPORT 21@ MENTORING SESSIONS 11 1 ANNUAL REPORT 2023
OPENDoOR Men's Shed Men's Shed has become a well-established shed in the Exmouth community, offering an abundance of tools and machinery for men to share skills and learn from each other. It also continues to be a safe environment for men to connect and socialise. Many of the attendees 28@4 VISITS tell us how appreciative they are of the social contact, especially those who live alone due to divorce or bereavement. Several men live with a partner who has a physical or mental illness and, in some cases, the men are struggling with ill health them*lves. In 2023, we sadly lost one of the Shed Leaders to cancer, which was a very difficult time for all. However, the men supported one another remarkably well during this time and they continue to do so as they share their own individual experiences and challenges with each other. The development of volunteer Shed Leaders in 2023 resulted in over 100 community projects being undertaken the highest ever. The EACH W EEK projects included restoring benches for a local pub and building our first ever tortoise house! The collaborative working is always a positive experience for the men and last year included the satisfaction of generating an income of nearly £10,000, which was an amazing achievement. The social element of Men's Shed developed further in 2023 with the initiation of regular Men's Breakfasts hosted by Raleigh Manor, a local care home. In addition, the Shed hosted two open days for the community to come and see the Shed in action, as well as providing an opportunity for visitors to purchase tools and items such as planters, bird boxes and chairs. Despite donations gratefully received of tools, some of the larger pieces of equipment at Men's Shed have seen better days. It is our hope in 2024 that we can generate enough funds to be able to replace key items that are essential to the community projects we undertake. 6@-7@ MEN ATTENDING OVER l@@ COMMUNITY PROJECTS COMPLETED 12 1 ANNUAL REPORT 2023
OPEN DOOR EXMOUTH FEEDBACK FROM SERVICE USERS ming to the Craft Room is uch a welcome lifeline for me. It is helping me to focus on creating a new life for myself after having been cut off from society for a long time...I couldn't have wished to meet nicer peopl The Shed helped me regain my confidence to get back into work. veryone is super friendl and very supportive and never judge: they have everything to help families. I drink much less because I come to the Shed. 'Il never foygél all those lovely memories we made...I'm thankful for everything you helped me with, all the kindness and support. It was a very positive experience I had in my life and I'll never for et about It. I have never been here before. I didn't realise what you did speechless! Thanks for being a place to off load my awful week. entoring has helped m mental health and people have been so understanding. I look forward to mentoring every week. I've never known kindness like this. 13 1 ANNUAL REPORT 2023
THANKYOU TO.- Our Volunteers: the true heroes of Open Door Exmouth. All our Funders- we couldn't do what we do without your support. Our Keyholders - regular givers that help us to keep our doors open every day. Businesses, Organisations and Churches who supported us regularly, or with one-off f undraising events. Individuals who repeatedly surprised us with their generosity. WEARETRULYGRATEFUL THATYOU HELP USTO HELP THOSEMOSTIN NEED INOURCOMMUNITY. Ilfi at the heart of our community 14 1 ANNUAL REPORT 2023
OpeD Door Eymouth Statement of Trustees, Responsibilities The misrees (iilio ¢ire also rhe directors of Open Door E}01111] for rhe plpOse5 of coii]paiiN' laii.) 42re respo11bIe t"oi' prep1£ ilje Iiiisiees. i'eporr ld Ilie fu1claI siaiellieiiis lli accol.dlce appliLable laii aiid Uillied Klligdoll] .4ccoiuiiiiig STaiJdards IUlliTed Klli?doii) GeiiernllN' Accepied .4ccoiuiTill£ 'acTIce). u1cliMig FRS 10? "T1 Fin]cial Reporrillg Slalldard apph'cable in the UK aiKI Repiiblic of Ire1]d, Cou)paiiy law reqiiwes ihe InreeS to pI.ep'e fu)allcial statee[S for eacli fuiaucial year. Uiidei. coll]plY law IEie niistees u111 iiot appi'ove Ilje fii)aiicial Star¢ellI5 iudess tlie), 'e salisfied tl)al tl)ey gil'e a Tiiie aiid fau. I'ieiv of tlie siaie ot affall's Ot" Ilie Llthi"iiAble coli]p1}, aiid of ilie iIicoiilliig Tesoiu'ces Aiid applicatioii of i'e4oiu'ies. iIILliidiiig ils iiicoli aIid expeiidinll-e. of Ille C1111ab1e COll4)aii)' for IlLqI peiiod. Iii pi"epaiiiig rl)ese fiiiaiici.Il siareiiieiirs. rlie mree9 are i'eqiill'ed ro: selecr siiirable accoilliiiilg policies alld apply IlieIll Co1ls¢e1)llY. obseive Ilie iiieiliods prlliciples lll rlie Cljariries SORP: I1K"e jiidgellieiirs aiid esTiii)ares t11 are reasoiiable alld piiideiit: state w11erlr applicable accoillirllig SI}dards. coii)prisiiig FRS 10? Ive beeii followed. si)bject to aiiy 1]te].1al depainu'es disclosed )d explai11 iii Tlie fil)CIal srareiiiaiis: K1 pi'epili'e tlie filL]Cial state11111$ on tlie soili8 COIKeni basis ie$S it is ulappi'opi'iare 10 pi'esiuiie tIt tlie clwitable colmp]Y iiill coiiluiiie ll) biL5uiess. Tlie tsiislees al'e iespoi)sible foi. k"eepuig pi'oper accoillilu)8 records tlial c1 disclose ilitli i.easolble acLiu'acy at aiiy tiiije Ilie fiiii¢ l)Cliol positioii of tlie cliiqlltable coiiwai)y aiid eiiic ble tl)eiii lo ejisiu'e t11 tl)e fiiiaiiciiil slateii)eiits ¢oiiiply ll-ltl) tlie C-OiilP£liues Act ?006. Tliey are also i'espoiLsible foi. Safeg111'dIJS Ilie assels of Ilie clicil'itable ¢oiiipaii}' aiid lieiice t"oi' lakiijg reasoIiable Sleps for tlie 'e1'e1)IioIl aiid detech'oii of fi.l aIid ofliei. lll'egiilai'ilies. Tlie niteeS are respoitsible for Ilie ll)ailliei)allce alld ulleity of Ilie ¢oi])orate ld fu111 iiifoiii]Alioii iiicliided oil Ilie c1171ab1e COll4)AiIYs ivebsiie. LeSla1101] goveniiii8 Ilie pi'eptumfioll kd disseiijiiiarioii of flilICial stateiiieiiis i1Y differ froii) le51all01) lll oil)er jillisdiciloi. Appi'oved by Ilie lfeeS of tlie ¢17ry oii.l.*.IE>l2.r.. ]d SI)ed Oll ils bebAlf by.. N (' J<liksoKI Tiiisree Page 15
Open Door ESDlOUth Independent Examiner's Report to the trustees of Open Door EAmouth ('the Compan},) I report ro the clwiry mree$ on lljy eyaminaiyon of rhe accoiu]is of The Coll]pany for rhe year ended .11 Decebe1. ?0•" RtSPOllslbllltle% Alld bgsls of i'epoi'l As Il)e iliariN's niisrees of rl)e C'oii)paiis' (al also ifs du'ecioi"s foi. rl)e Pillyises of ioiiwaiiy laiv} yoii ale i'espoiisible t"oi' rhe prep.all0ll of the accoullls ill acco1'de ]1 the I'eqliireeuiS of rkne C'oiiipaiues Aci 9006 ('tlie 1006 .4cT'}. Haviiig sarisfied iiiyself Tliar die accoiwis of ilie CoIi¥aiiy -e llOT reqiiil'ed 10 be aiidired iuidei. Pi( 11 16 of rlie ?006 .4ci éuid al'e eligible for iiidepeildfflil e¥aii)lliaiioiL I I'epoit ui i'especi of illy exa1]laTIo1) of yc)iu' cl]aiity's flLCOllllts as caii'ied oiii iuider sectioii 144 of tlie C1111eS .4ct ?01 l {'tl)e ?011 .4cl'). Ii) C71]g oiit iijy exaiiiiiiarioii I l]ave folloived rlie Dwecri0i ve1) by Ilie clriry CoiilllllSSiOIi iuider secrioii 14%{S)(b} of rl)e ?011 Act. lllilepelldellt exAmlDei s stAlenut Siiice Ilie Coiiipaiiys gross Uicoille exceeded £?$0.O(M) yoiw exAilliLW Ujitsi be a lilbe1. of a l)ody listed ui sectioi) 14$ of Ilie OI l Acr. I coiifmll I1( I alli qilif1ed ro illidenake rlie exaAiJiIIIOli beCale l alll a ILkiiibei' of l$tilIe of C'liarrered AccoiullltS ill Eli81Id al Wales. llica1 is oue of ille lisied bodies. I Ive COll¥leied wy exalliiijarioii. I thai llo ll)attei's Ive Coll 10 Y allthitioii ill cole¢ll01) witli rlie exailliiiatlol) 8IViII8 caiise 10 believe: l. accoillirii18 records were iioi k.epi lll respecr of Opeii Door E¥lllIttl as reqiiired by sectioii 386 of ilie *006 Acl: oi. 2. the accoiu)ts do iiol A¢¢ord iiiih Ihose re¢oTds: or l. Ilie accoilliis do iioi coii)ply wirli rlie accoillirlll8 reqiiireilleijts of secrioii 196 of Ilie ?006 Act oiliei. rliAII iy ieqiill'elilIr ITr1 tl)e accoiuirs pve a aiid fair view ivlllcli is iiot a iliaiter co1]de1'ed as paii of ali llidepeiidei)t exall)illatlOll: or 4. tlie accoiuits Trve iiot beeii prepared ill accordaiice iiirli tlie iijetliods Al pi'iIiciples of tlie StAteiiieIii of Recoiiuiieiided 'aCI1ce foi. ¢lCCOIII)11118 aiid repK)rtiiis by c11.111es applicable 10 cl1.111eS pi"ep47t'ii)£ Ilieii. aicoiuits 111 rflLCOI'dallce iNiih the Fllklllcial Repoitlll8 SlaU.d appCable ill the Uk aud Reyublic of 'elai)d IFRS 10? I liave iio coiiceiijs Aiid liave coiiie aci'oss iio otljer l1thrte lll coiiiiectioii iiiili tlie elaiiiiiiatioii io ivlllcll attei)tioiJ slioiild be draMi lli Illls I'ep011 ill ordei. 10 ellable a pi'oper iu)dei'siaiKIiu8 of rlie accoiulrs 10 be reached. I'e Tiicker idepeiideiit Exalljiller isnnire of Cllanei'ed Accoill]rall¢S in Ellqland aj Il'ales I Colletoll CTescellt ENetei' Dei'oii Page 16
Open Door Exmouth Statement of Financial .4ctiiities for the l.ear Ended 31 Dember 2023 (Including Income and Eipenditure .4ccouDt and Statement of Total Recognised Gains and Losses) I"ni'esti-Icled (Unds Resli-lcled ruuds TolAI 2023 Incoine fjnd Endoii'mellts fi'om: Doikn21i011s ¢?Lid leo1¢ lies C'liariTlÉ ble Acrivilies ivesiiiiellT iiicoille Otliei. llicoille 141.067 $1.697 1.6$8 5.867 64.840 1.6.58 5.867 Tolal iiicoii)e •89 64.840 ?67.19 Expeiidltiii'e on: Rii isiiio tilljds Cliai'iii( ble activilies OrlieL' eypeiidinll'e Toial expeildiftue Nei Ulcoll]<expaidlttWe} (1?.085) {1S?.1.1S) (8$) (9? 185) 1980) {1? 170) (?44.S?0) (166.S$1) 193.?$01 (?S9.801) 1?8.410) 7.3?8 Nel livellLl[ iii fiuKIs 3.S.738 {?8.410) Rfrouc1114tlon ol Thinds Tolal fillids bi'oiislit fol1v.d 47.679 10? 8$8 Tolal fiuids C]1¢d forwai'd 21 90.917 19.?69 110.186 The notes oll pages ?0 10 33 fonn an integral part of tbese fillallcial State1]ts. Pa2e 17
Open Door Exmouth Statement of Financial .4ctiiities for the l'ear Ended 31 December 20?3 (Including Income and Expenditure .Iccount and Statement of Total Recognised Gains and Losses) Pi'loi. peR'lod roinpAI'Atli'e I"ures1i'lrted rullds Resli'lcted rullds Total 2022 liiroine Ell(loivineuts fi'om: Do11101 aii(I leoaiies C'1k.11c7b]e 4liTlI'iiies Otliei. n'adllig alfii'iiies liivebniieiit Illcollie Otlier iiicoIi 98.?75 48..$1 ? $80 ?84 4.680 79.96.1 178.!18 48.$1? $80 84 4.680 Toral iiicoiiie 79.96.3 EAI)eiidltiii'e oll: EL115111g tiui(is C'l)(IA'irable 4lCTivilies Otliei. expeiid1ne (10.57?) (177.18.1) (1.450) (10.$7? ?*4.98S) -3.450} (47.80? Total expeiidinwe 1191105 147.80• ry.39.007 Ner (expeiidinu'e)Iiiicoille { 18.874) 16.711} Net iilovei1Ir ui fiuids (18.874) (6.71.3) Rerollclllfjtloll of Thillds Tofiql tiuids bi'oiisl)t foiivw'd ToTal filljds carried foiivard 94.043 109.571 47.679 109.8$8 All of rl)e cllarity's actlViTies derive frolli coiifiiiiiiJi8 Operatio diwillg the above tsvo peiiods. Tlie liuids bl'eak-doil for 20? ? is sl]01) ui ilole ? l. The notes oll pages ?0 to _)) fonll au illte?rdl part of tljese fu)aucial statejllellts. Pa2e 18
Open Door Exmouth (Registration number: 04*43199) Baliince Sbeet as at 31 December 2023 2023 2022 Flxed Assels T]gible assefs 16 3.798 C'ui'i'eDI Assets 17 18 19 Debtoi's C'ash 81 bAllk" Alld ui Iwid 1.8?3 104.979 .084 141.241 106.80? C'i't(11101's: Ainoiiuts fgllliig diit ii'llbln one I'eai. 20 {14.8S.1) 16.869) et cui'i'enl Issets 106.188 99.911 et 110.186 Fiillds of tkne ¢bAI'lty: Resli'lrted luc0¢ lknllds Res11'iiied fillids 21 19.?69 47.679 I'iii'esli'lcted liicome fulld5 Uill'esli'iiie(l liuids 90.917 Tolal Thillds 21 110.186 10?.8$8 Foi. Ilie flliaiiciqll yet2r fflidiiig .3 l Deceiuber g0•.3 ilie ¢Irity was elltiiled to exeu]ptlOll fi.0 aiKlit illider sectloll 477 1)f Ilie C'oii)Viiiiies Act g(M)6 1'el£itiiis to $ll11 coiiwaiiies. Direcrors, reSpo1]bilitIeS.. Tlie iiieiiibei's liave ijoi reqiiired Ihe cllariry ro obiaill all aiklir of irs accoiujrs foi. rhe year ll) qiiesiioii Ill accoi'daiice iviili seciioii 476: kd Tlie dll'ecroi's acknowled8e rheir resp}sibIli11es for collwlyillg wirli Ihe reqiiirexlleiiis of tlie Acr 1111 i'especr to accoiuiriiis i'ecords aild flie preparatioll of acco1ls. Tlie f1111L IICiI?I statellieiils oil pages 17 to 33 were approved by tl)e tnislees. ld aiiiliorised for issiie oil 1.4d.SiJ.4.... Iwd SiEiied oil ilieu. belialf by.. N C J¢icL"soii Tiiisiee The llotes on page5 ?0 ro 3_3 forni an inteeral part of these fillancial staremellts. Page 19
Open Door Exmouth Notes to the Financial Statements for the l'ear Ended 31 December 2023 I Chai'llv s14tus Tlie Cl.1. is lu])ited by Lra1]tee. illcorporated ill Eiiolalld alld Ilfales. and conseqiieiiilv does iioi Iiave sljai'e capital. Eacli ot" tlie 7[ee5 is liable to coutnbiiTe ai) 1}01]1 IIOT exceedllig £ I toii-.ai'ds rlie asseis of tlie cliaiit! Ill tlie eveiil of liqiudatioll. Tlie adth'ess of ils regislei'ed office is.. Tlie Opeii Dooi. C'elllTe Saiiit Sakioiu's HoiLse CIIiu'ili Sii'eet Eyiiioiirli Dei'oi) EX8 IPE 2 Accoiilllliig pollcle% SiiininAI'v of slgllin¢ADt Acroiillllng pollcles ke!. Arcoiillllllg e511nte$ Tlie priiicipal accoilliliiig PK)licies applied lll tlie pi'epai'atioIi of Iliese fllthiicial siaieiiJei)ts 'e set oiii below, Tliese policies lthve beeii CO11$(ellI1, applied 10 all the years presellred illeSS oibeii4ise siaied. Statelnenl of roinpllgllre Tlie t1111L IILlcql sl&oleiiieiils liave beell PTepaTed in AccordaiKe 111) Accoiuiiuig alld Reponiiig by Clthnties,. Siateiiieiit of Recoiilllleiided Th'tlclice (Applicable 10 c11]11e$ pi'epAiiiig tliell. accoiuiis ui Aecoi'dALice ilryili Ilie Fiii.IiiCi1L l RepoiTiiig SIAI)dtu'd applicAble ill tlie Uk aiid Repiiblic of 'elalid {FILS 10?)) lissiied iIi Ociobei- ?019) Ic'liai'iries SORP IFRS l O)). rlie Fiithijcial RepN)niii8 SlaiKl'd Applicable iii ilie UK Aiid Repiiblic of 'elalid (FRS 10:) aiid Ilie C'oillpaes Aci ?006. B4sls of pi'epNI'Mtlon Opeii Dooi. EKiiiiiiiili ii]eets tl)e defuiitiOlI of a 1b11¢ beuefit ellliry illidei. FRS 10? Assefs 4lld liAbilities Al'e illitjally recoSed ai lll'stoillcal cost or trAILSACtion vali ille$S otl)eiivise staled ui Ille i'elevallf accoiuituig policy iioies. Goliig coiicei'u Tlie IiiLSlees co5lder tliai Iliere are iio 1]teIl ill)certiilllties ¢1boiir ilie ¢IritY$ ibilitv to coiitllllte as a goiiig coiILeiii iioi. aiiy sig)ifi¢aiil ai'eas of iuicenallity lIt affect tlie cluiyiiig i'aliie of assets lield b)r tl)e Lliai'iry. lllcon]e alld eudoivmellts .411 iiicoli is recoliSed oiice tlle cbarity has eillitlellielll to tlie ulcoll. it is probable t11 the ll]cowe will be i'eceived ld tlie awoillit of ilie Uicollie i'eceivable cali be llleasicd reliably. Doiialloiis aiid legacles DO1[101 are reCOll$ed wl)eii ilie c11ty IS beell iiolified ui writlli? of bolli Ilie aoilI ]d set1lan1l dale. Iii Ilie eveiit Illic t a doiiatioii is siibject lo coiidiiioi]s tl]al reqiwr a level of pa'fonllaiice by tlie c117ty befoie ilie Iiarity is eiiiitled 10 ihe fiuids. the illCOllK is defeiTed aiid iiot recolISed iu)til eitliei. tliose coiiditioi]s al'e fiilly Juel. oi. tlie fiilfilllieiit of Iliose coiiditiolls is iithollv iiithill tlie colln'ol of ibe Cb1. ]d it is pi'obable tliat tlhese COllditiOllS iiill be fiilfilled ill the repoitillg period. Douatious recei&ed iu caslL iiith llo peifoiillauce cojkditious attached are recogllised iipon receipt. Pace ?0
Open Door Exmouth -Notes to the Financial Statements for the l'ear Ended 31 December 2023 Graiils receh'able Gi.)tS ku'e iecogused Ille clwity l)as all entitlellieut to the fiwds alld ally Colldiiiolls lll)k-ed to tl)e g'allts hai'e beeii wet. lie1'e perfoiwAuce colldj'tious ku'e attaLhed to tlie paiir alld al'e yet 10 be wet. the uicou]e is i'ecogllised As a liabiliry alld uicliided ou Ihe baliwce slRei as defeed uicowe ro be Teleased. Deferred liieonie Det"e11'ed iiiLoiiie represenfs aiiioill)ts receii'ed for fi1ne periods aiid is released io iiicoii]ii)g resoiwces li) tlle peiiod t"oi' IN'liiilL ir li1¢ s beeIi i'eieiN'ed. Siicli iiicoille is 015, defeii'ed iilieii.. Tlie doiioi. specifies rl)Iil Ilie iir oi. do111011 iillLST oiily be ld iii fiinuE accoiu)TUi£ peiiods: oi. Tlie doiioi. lias llwsed COlldiiioS luckn be e1 befoi'e the Llwiry bas IUICOlldiiioiial elll1tlellIi1. liii'esliiieiil lii¢oiiie Divideiids are recoSed Ollce ihe divideiKI lias beeIi declared )d llorifi¢atioii l)As beell received of ihe divideiid di. Exi)ell(Illiii'e All elpeiidinu'e is recopllsed once tliere is a legal or ConsmnI1e obligaftoii ro tlkn)r eypeiidinwe. if is probable seiileiiieiii is i"eqiilled }d ilie aiiioillir cali be iiieasill'ed i'eliably. All costs tu'e dillocaied to rlie applil1b1e expei)dinu'e lieaduig rliai a8'ega1e siiililar cosrs io rliai caregory. Ilrylei'e cosis caiu)01 be diiEctly Atti'il)iiied 10 PiiiiiLiilai' lieadii)8s 11)ey liai'e beei) allocared oil a basis CO11$[el)I will) Tlle ilse of resoiwces. iiryili ceiiriil siaff COS15 IilloLclted oil rlie basis of lill speiii. aiid depi'eLiaiioii C11.e$ allocated oil rhe portioii of Ilie asseT'S iise. Olliei. siippoi1 costs IW'e allocared based Oll rbe spi'ead of stalYLOS1S. Ralsliigfiiiids Tliese w'e cosls lllCiUI'ed ui attt'actilJ8 voliuitary illCo. Ihe lluuJ8sellKi)t of luves1ellls ai)d ihose illciui'ed ill 'Aduig 4Clivities tliat rAise fiuids. Cliartlable aclli'llles cl}.11bIe expeiidinwe coii4)rises those cosis lliciwred by ihe Clriry ill Ilie deliveiy of ifs aciiviries alld seivices foi. ils beiieticianes. li iiicliides borli cosis Il]ar cali be allocaied dwecrly ro such acriviries ld rliose cosis of iiidii.ecl iiaftwe iiecessary to siwpon iiiew. Siii)poi't ¢0sts Slipp011 cc)sfS iiicliide centtal fimctions aiid Ive be1 allocated to actii'irv cosr categories oil a basis coilsisteiit Hilli tlie iise of iesoiu'ces. for exaiiwle. allocatllls pi'oyeiry costs by floor areas. or pei. capila. staff costs by tlle till speiit ]d otliei. costs by tlieir iLsage. Goi'ei'llallre costs Tliese llicliide Ilie costs amibiilable to Ilie clwity's COllwljiCe iiilli coiisliftifi0iI ld staftitory reqiureiiieiits. llicliidiiig al11. stt'ategic llUi]agCeUt alld mLSttts ¢tlS5 and le]bIll.$¢d eya]ses. Goi'ei'umeul gi'auls Goi'eiiuueut gJ'L1uls are Tecowused based ou the aCcnl llu)del ld aTe ll)easiwed at tl)e fair valiie of tl)e asset receiN'ed oi. i'eceivable. Giallts are classified as relating either to revenue OT to assets. Grallts relatillg to revelliie al'e recogllised ill illcoll over the peliod ill ithich ihe related costs are recogllised. Gi'allts Telalillg to assets are reco01$ed oi'ei" the expected itsefill h'fe of the asset. Where part of a grallt ielatill? to an asset is defeiTed. it is recogllised as defeiied Illcoe. Patie ?1
Open Door Exmouth Yotes to the Financial Statements for the l'ear Ended 31 December 2023 Tgx4tlo Tlie clkiiity is Collsidei'ed io pass the tests set oiii lli Pai17.2pkn I Schediile 6 of the FIll)ce Aci ?010 aiid Iliei'et"oi'e it iiieets tlie defJi]itioii of a cliariTable cou)paii!' for LK. COiVOii?11011 t&x piuyoses. .4ccoi'duigly. rlie Cliai'iry is poleiitiAII)' exeiiipl h'ow IA.xatlOU lll i-especl of lllCOU or capilal gauls i'eceii'ed iiryiliiii Lategoi'ies covered by C-114lPter 3 Part I l of Ilie Coryoi'arioll Tax Aci ?010 or Sectioii ?56 of Ilie Taxatioii of C11'geL)le Gauls Acr 199? 10 rlie eyieiir t11 siKIi IIICOll or gaitts are applied excl11velY 10 c171able piuyoses. TAuglble nxed 45s¢Is i(lii'idiial tiled assers are inirially recorded ai cosr. less any siibseqiienr accilllliilared depreciafioIi aiid siibseqiieiir 11cciiIllid1c red llllpauwelll losses. Depi'erl&tloii &inoi'llsAllon Depi"eiiaiiL)li is pi"oi'ided oil 171tilb1e fLxed assers so as to Mile off tlie cosi or Vali11011. less aIiy esiiiiLqred I'esidi1 valiie. over Ilieir expecied iLsefid ecolloll)ic life as folloivs: Asset clASIi Fiinu'es. firTll)ss alld eqiupiiiaif Depi'eclatlon inetbod And l'ate $0 o sri'2t I11 Iiiie Stock Stock is valiied at Ilie loivei. of cosl ]d estillted selluig price less cosls to coiiwlete ai)d sell. aftei- di I.e8.d foi. obsolete wid slow illONiI)8 sfo¢ks. Cosl is deteiwii)ed $m18 die fitsl-iu. firsi-oiil (FIFO). Ti'llile debtoi's Ti'1¢ cle del)Icii's It re aiix)illils diie fi.0 citstOllKIB for e[clIadisC sold or services perfonlled lll tlie ordlliary ¢oiu'se ot bitsiiiess. ¢ de debiors Are recognised iiiiriall), ,Ir rhe traiisacrioii price. They are siil)seqiiairl}' iiieasiwed ar aiiiortised cosr iisiiig rlie eftTecriNe lliiei'esr illeiliod. less proN'isioii foi. lli¥aiiilleiii. A pI'OVlSlOLI loi. rlie iiiipaiiiiieiir of ti'ade debrors is esr1¢ blislied iN'I)eii Iliere is objecrive evidaice rllai Ilie cllaiiry will iioi be able ro colleci all aiiioiuits diie accoi'dlll8 lo rlie on127( I ternLS of Ilie receivables. C'llsb Alld cAsh equli'Alellts C'(IsIi ¢l1)d casli eq111I1¢ lexiis coiiipiise cas11 011 111¢ lid alid call deposits. ]d otl)a' $11011-te1111 11iElily liqiiid iiik'estii)eiils Iliat 'e i'eath"Iy COllN'eiiible to a allKJiUll of cash alld are siibjeci 10 41ll lllSISlllfiLallt i'isk of cllaiise ll) valiie. Ti'Ade ci'edltoi'% Ti'ade credilors are obli8aliollS lo pay for ?oods or services rbat have beell acqiiired ill rbe ordiilary coill'se of biisiiiess fi'oii) siwpliei's. Accoiuils pab]e al'e classified as CiUTeEii liabilities if il)e clkiiiry does iiot liave 811 iuicoiidilioiial ri?lit. at tlie eiid of tlie repoi1u)g peiiod. to defei. settleiiieiit of tl)e credifoi. foi. at least ni'eli'e llioiitlis aftei. tlie i'epoitiiig date. If tliei'e is all illKoiidilioiial i11t to defei. settleweiit for at least Meli'e iiiolitl after tlie reportillg dAte. tbev 'e presellted as llOll-CiILTelli liabilities. Ti'ade creditors are recognised initially at rhe transaction price and subsewielltly llRasired at amorrised cost IISll12 tlie etTeciive illrei'esi ll10d. Pa2e ??
Open Door Exmouth Notes to the Financial Statements for the l'ear Ended 31 December 20?3 Fulld sli'iiclui'e Ui)L'esnicred illcoiiie fillids al'e geiieral fillids Ihar are available foi- w at ihe niree5 discrerioii lli fiuTliei'aiice of tlie objecTives of TI cllaiiry. Des11[ed fiuids 'e illll'esriicied fiuids Tl)ai l)ave beei) ser ¢l5ide bs. Ilie Tiiisiees of Tlie Cl)ai'iry ro be i.ed a21¢ 11)St speiltic tiinue PA'oJecis or collu1e1lTS. A deralled desci'ipiiolls of iknese deskla[ed fiwds call be foiuid lll Noie ? l Fluids. ResniLted lliCOll)e fiuids 'e those dollated for ie ill a plICiar area or foi. specific piuyoses. Ihe iise of wlucli is i-eslricled to tl)al éu'ea or piu]x)se. Peiislous olbei. p0511'elli'emeDI obllgatloDS Tlie cliariry operares a defuied coiilribiiiioll pellsioi) sclieille. Coiitribiirioiis are clkn2rged lli Ilie slareiileiii of flllaiicial aclivilies as tlley becoille payable ll) accoj'dallce Thiili Tlie iiiles of tlie scl]ell. 3 Inroine Th'oin don4tlokns legarles I"ui'e%tilcted Resli'kled Total fullds nei'll Doiiarioiis aijd le2acies: Doiiaiioiis ti'oiu ¢ouyauies. IllLS15 alld Si112r pi'oceeds Doi)aliOi froiii llidividi1s Do11101 froiii local religiol estAbh'sl)uM)r$ Gift aid i'eclaiiiKd GrAJits. iiicliidiiig capiial 1115. Govenlllleiit srnils 81.017 40.741 1.1.81.S 128.60$ 44.1$7 1.S.800 -S.494 3.416 11.851 11.851 Tollll 101. 2023 141.067 64.840 05.907 TolAI foi. 2022 98.?7$ 79.96.1 178.?.38 Pa£e ?.1
Open Door Exmouth Notes to Ibe Financial Slalements for the l-ear Ended 31 December 2023 4 lllcome Th-om chai'llfjble actlillles I',lli'estilcled Totfjl fuuds Gellei'al Otliei. l¢ole C'afe Sales Nleii's Slied Nleilroiiiig 175 -1S,97? 9.99? 7.4$8 3S.97* 9.99? 7.$$8 Tolai foi. 2023 S.1.697 TolAI (01. 2022 48.51? 48.51? S lllroine Th.0 olknei. tl'4dlug arlli'ltles Illli'estilcled riilld% Gellei'AI TotAI riiuds Tolml foi. 2023 TolAI (01. 2022 $80 $80 6 Ini'eslinellt Incon Illli'eslilrled riillil% Geiiei'AI Totnl Thiii(l% Ililei'est ieceivable aiid sill)ilar illCOllK: Iiiteresr receivable oil bai)k deposits 1.6SS 1.6$8 Tolal (01. 2023 1.658 1.6%8 Tolal foi. 2022 ?84 ?84 7 Othei. lllrome ITlli-estilrled illds Gellei-Al Totthl rull(L5 Rellial illCoe S.867 Total foi. 2023 S.867 Tolal (01. 2022 4.680 4.680 Page 24
Open Door Exmouth otes to the Financial Statements for the l'ear Ended 31 December 2023 8 Expelldllui'e on i'a151ng fiillds a) Costs of geuei'atlllg don8lloDs legocles I"lli'e41i'lcted Re%li-If ted fulld4 Tolal funds Genei'AI Mni'keliiig )d piibliciry 19.08.S TolAI foi. 2023 1?.085 8$ Tol41 foi. 2022 10.%7? 10.$7? 9 Exi)elldlliii'e on chAI'llible actliltlts Resli'lcted TotAI 2023 nei'AI W88es aiid S11 laiies C'afe Foo(1 C'osis Repaii's qiiid Nlallilffllaiice "oliuiieer Traulliig aiid Expeijses Geiieral Expeiises C'liarirable Coiinibiiiioi Utilities Piiiiiiiig aild Sraiioiiely Cliai'ges aiid Siibscripiioi]s Gifts aiid Celel)i'atiolls C'oiiipiitei. cosls aiKI COllSiW]ables ill'aiice 1?8.470 47.$58 176.0?8 18.?•0 8.86.3 ?.018 6.614 1.089 467 9?9 769 710 1.914 710 6.061 4.147 731 3.9611 4.1?7 1.669 2.17? 1.245 1.976 3.96.3 4.1?7 1.669 2.17? 7.179 2.69.3 3.976 Goveiiiaiice Costs Eqiupll)eiir Relit Mateiials Office costs 6.837 2.?95 440 114 ?44.5?0 Page ?5
Open Door Exmouth i otes to the Financial Statements for the l'ear Ended 31 December 2023 Expelldltui'e oll chji'ltable artlillles - piloi. peilod rollw91'Atli'e I'niystrfcled ruud5 GeMfi'41 Restilcted lunds Tol41 2022 11.aoes Aiid Salaiies C1¢ fe Food Cosls Nloroi. Expeiises Repiill's ld Nlaiiirei)aiice 'oliuiieer Tralliiii? aiid Expeilses GeiieiMI EXpeleS Cliarirable Coi)nibiiiioI Utilities Piiiiillig aiid Starioiieiy Cliai'ges ld Siibscripii011s C'oiiwiitei. cosis aild coiisiullables Iiisiu'¢?i)ce Goveiiilliice Costs Eqiiipii)eiil C'C'R C'osts Resoiu'ces Rei)I Nlafeiials Tools Eveiils 1_1?.863 649 18 7.4?7 4.09 6.08? 6.834 1?.836 1 $9.697 18 74 4.09 .313 7$1 4.78$ ?14 1.886 1.886 1.930 461 1.149 1.910 1.441 997 2.?0? .040 S4.5 2.747 3(KJ 14 60.1 177.18.3 47.80? ?•4.98S 10 Allalvsls of goi-ei'u4ure alld sUPPOI't f05t5 Goi'ei'llAnce cosls I'ni-eslil¢led funds Gellei'al Totlll riiud5 idepeiideut exaujiuer fees Excllllilkalioii of Ihe funCIal siaiell)ellts Totui foi. 2023 Tolai foi. 2022 1.930 1.910 Pa2e 6
Open Door Eimouth Notes to the Financial Statements for the l'ear Ended 31 December 2023 I l Olknei. expendllui'e I"Mi't511'lcted (unds Gellei'AI Resh'lcted riiud5 Total rulld Depi'ecihiioii. AiiJoilisatiOIi luid oilier Silliilar cosis 1.9.38 19.; 980 ?.91S orl)er i.esolCeS expeiided Total foi. 2023 980 Totml foi. 2022 .3.440 12 Ti'uslees i'einiillei'alloll expenses No niisrees Ive i'eceived aiiy rellU.Sed expelS or ally othei. beiiefits fi'ou) Ille cliarity diu'lll8 Ilie year. 13 St&ff costs The As'eglIe pa011 ¢oslS ivere as folloiws.. 2023 2022 Slarr costs (liii'lug the ve41. Ivei'e: ges niid salaries Socifil seciwity costs Peitsioii costs 160.?01 6.18? 9.641 148,?41 3.?48 176.0*8 1 $9.697 Tlie iiioiitlily average i)iullber of persoiLS (iJ]cliidllis sellior lluu8ellIe1j1 / le8daBIup lea} eiiiployed by tlie cliiu'sry di1)g Ilie yeai Ivere as follous: 2023 2022 Eiiiployees 6 {?02? . 6) of the above eployeeS panicipaied ill the DefllRd Collrribiirioll Pellsioll Sclieujes. No ellwloyee received a]Jolillllellls of llM)re thali £60.(M)O diwill8 ihe year. The toral ell4)loyee benefirs of the key llLgllagenUr peTsonnel of tbe clkuiry ivere £68.2_31 (20? £47.898). Pa2e ?7
Open Door Eimouth Yotes to the Financial Statements for the l'ear Ended 31 December 2023 14 llldependent eXantI s remunei'4tlon 2023 2022 Exallliiiatioii of tlie fiiiallcial slalell]aits 14 Taxgllon Tlie Cli]ry is a regisiered cl)]ry aiid is 111.ef0re exell¥i froii) iaxarioii. 16 Tallglblt Ilxtd Assets Fiii'ullui'e Alld eqiili)Intlll TolAI Ar l JtuJIry 20?3 Additioiis 61.807 3,791 61.807 .3,791 At .31 Decell]bei' ?0?3 Depi'eclfjtloll Al L J1( Illk11y ?O?.I Clitu'ge foi. tlie yew. 48.882 ?.918 ?.918 At .3 l Decell]bei' ?0?3 61.8(Ml 61.800 et book i'lliie At .31 Deceile1. ?023 1.798 At .31 Decellthi. ?02? ?.9?$ 17 Stock 2023 2022 Siocks 18 Debloi's 2023 2022 Trade debrors sio 'epaell[s Otber debtors 1.9$0 197 ?.657 1.8?. Page ?8
Open Door Exmouth Yotes to the Financial Statements for the l'ear Ended 31 December 2023 19 C'Ash alld cAsh equAI-Alellts 2023 2022 Casli oil llaiid Casli at bai]k" 3.$8 411 104.568 11.3.084 104.979 20 C"i'edltoi's: Ainoullls falllllg due ivllknln olle vfai. 2023 2022 Ti'Ade ci'ediiors Otliei. ia.X1¢ tIOll Iiiid social seciuity Oiliei. ci'edilOI'S pe1101] scliewe creditor AcLiiffils Deteii'ed iiicoll 1.060 4$4 3.£4$ 781 .34.8S.3 6.869 2023 2022 Deteii'ed lliCOli ai l J11Y ?0?3 Resoiwces defeiTed ll) Ihe period Deteii'ed IllCOll ai year ei Page ,
Open Door Exmouth Notes to the Financial Statements for the l'ear Ended 31 December 2023 21 Fiillds Balallce At 31 Deceinbei. ?023 BalAllce al I Jalliiai). 2093 lllcomlllg i'fsoui'ces Resoui'res expeudtd Ti'auslei's I"ui'eslilcted ThiDds Geiiernl Geiietal Fluids Des1ted Reserves 20? ?89 (166.%$1) (41 5iX)} 49.417 0• ?89 (166.4$1) 90.917 Resli'l¢led Triiids Haveii IC'E Pareiit Hiib Mell's Slied Meii's Slied Slock. C'oiilliiiuiiry Craft Roo {C'C'RI C'afe - Gift cards C-afe Otliei. Cafe .Stock C'afe - FIllne Cafe - Saftwday AM W#nll Space C'oiillllllllity Hiib Gibboiis I"oiiih HiIbbi I'oiifb 8.9$1 {9.312) -361 S(K) (20.4?6) {_1.684) 7.£34 (1.8$0) 3.8.50 174 7.•88 (7.462) {11.663) ?6.7$5) 17.431 10.974 (1.6$0) 1.6SO 10.140 $90 {7.080) {? 40$) 3.?60 1.972 3.787 18.0(M) (18.1)00) (6$) 4.9.3.S 4.000 Total I'eslilrled niud5 47.679 19.?69 Tolal funds 10? 8$8 ?67.1?9 {?59.801) 110.186 Page JO
Open Door Exmouth Notes to the Financial StatemeDts for the l'ear Ended 31 December 2023 Pi'loi. veal. fullds compgl'atli'e BalAllce al 31 Deceinbei. 90?* Bjlauce al I Resoiii'res expellded i'tsoui'cts I"ui'esli'lrted funds Geiieral (ieiiei'al Fiwds 15?.331 (191 ?05) Resli'lcted Haveii ICE Pareiit Hiib Nleii's Slied C'oiiuiiiuiity Craft Roolll (CCR) C'afe - Gift cai'(is C'afe - Otlia. Warni Space C'oiiuiiiuiity Hiib 2.078 1.700 1.109 700 (3.778) (748) (?97) (4.999) (4.677) {4.?65) ?9.018) .161 500 97 139 4.860 4.851 174 5.1?$ 8.079 38.390 17.4.11 -I,(K)O Ib.000 I s.0 TolMI I'tstilcled lknllds 79.96-. 47.80: 47.679 Tollll Trillds 109.571 939.007 10? 8$8 Paee31
Open Door Exmouth Notes to the Financial Statements for the l'ear Ended 31 December 2023 Tlie specific Pillposes for which Ibe fiulds ate ro be applied are as folloivs: Ui)restricTed fillids coii]prise of do11101 and orl)er incoii)in? resoiwces receiiyble or generared for (lie objeciii'es ol- Ilie c11]ry iiirlioiir fillTI)ei' specitied PillP)se ld al'e aNail4ible as 2eiiei.al fiuids. Tlie Boai'd I5 esiablisljed a deSigTed fiuid iiiiliiii Ihe iuwesnicred fiwds as a wiiilli)iull aiiioiu)I 10 covei. Tlie coiin'olled i'ediiLllOI) of activities oi. Llosiu'e of Opeii Dooi. E¥llioiirl). Tliis iiiosrly Loi'eis staty cosls ii)cliidiiig i'ediuid£l11¢ies biii Iso elll'icatioii fi'ou) pi'opeii), .1n'aii?elliellls aiid opei'atuig leases. Tlu's fiuid il'as £41 $00 al Ilie Ye..el]d biit will be iieed to uici'ease diuii)g tl)e iiexi year io ll1 tlie cosl of lollgei. savice aiid pay llici'eases. lliii? rlie year. Ilie Board iiier rlie STraTe of biuldiiig lip flie iuwesrricled fillids 10 £90.(KX) acllleNiiig £90.S I. H1( viIiq %ei rlie biid?ei t"oi' 0?4 Ilie iull"esnicied i"eseIi'es iiill iieed 10 biuld lip 10 £16S.0(Kl 10 coiyei. 6 iiK)iirlis cosis. Hoivever. giveii Tlle Naiio11 Lorreiy fillidllig of jiisr ovei. £SO.(M)O for i'esnicred acriviiies eacl) yeai. for Ilie iiexr 3 years flieii rllls Ve$ cenaiiiry i11 11$e costs c1 be covered ai]d Iieiice rlie iai'get c) be i'ediiced to £140.000. Takiiig flie above llito accoiult. Ilie level of iu)restri¢ied resetves is sigiificai)Ily below Ilie tai'sel of 6 11101111)s biit is ibove tlie iiiijiiiiiiuii level for coiisidei'aiioii of rediicllig ActiKities.'closiu'e. Tlie l)iidger sel Èoi. ?0?4 does iioi resiilt iIi A sillylits aiid as i'estt'icled fiulds liaipe bea) redticed do1) tlle Boai'd sees litile scope 10 lllCI'e<ise tlie illu'estl'iLted fillids Above tlie Cilll-ail leiel biii iieveitlieless lias set A tai'sei of acllleviii8 £100.O(Kl iii illu'esn'icied resaTr'es by Ilie elld of Decelljber *O?4. A l_year biisiiiess plilll IS Still beiiig desipkd to iiicliide a view of tlie achieNmble IncrenlIiS eacli year towtu'ds ii)eeTiii8 Ilie iUll'esriiiTed resen'es rai'8er. Tlie i'e511icled fiuids al'e lide iv of fill$ received foi. specific piuposes as laid dowii by ilie doi)oi'. Expe1l'e wliicli iileels Iliis criteria is cl)ar8ed to Ilie fiuKI. tO8etlier a fair allocarioi) of 18¢Ie1]I ]d siiypoil cosls. Fiiiid5 liAve beal n'aiisfeii'ed fro iu)resnicred fiu)ds to tlie restricred fiuids io llke lip tl)e deficit lll pi'ojecr fiuidiiis. Tlie. Coiillllluljty Hiib. is fl)e ceiiiral delivery locatioii aiid iwibrella iwlle for tlie folloivii18 3 pi'ojects.. Coiilli)illiity C'afe. p.exIt Hiib aiid C'oiLlliiiUiiry Ci'afi Roolll. Fillids l)ai'e siibseqiieiiily beeii tt'aiisfen'ed lo tliese Illl'ee pioJeLts. Tlie ICE fill Ikgve beell ts'alfel].ed io Havell as tl)is is i]ow Ille of tl)at pi'ojecl.
Open Door Exmouth Notes to the Financial Statements for the l'ear Ended 31 December 2023 22 Allal)sAs of llet assels beth'eell thnds l-lli'estilcled TolAI fiillds ol 31 Decejnbei. 2023 Restt'lcled (ullds ei'al Taiigible fixed assets C'illi'eiir assers C'iui'eiii liabiliTies 9$5 3.798 141 •41 1.14.8S.3) 1•4.81S (34.841} 16.4?6 Toral iiei assers 90.917 19.?69 110.186 I'ni'e4ti'lrled ftilld% Tol41 fiiuds 41 31 Deceinbei. 2022 Resti'lrled (ullds Tnjisible fi.xed asseis cl.11 assers C.I.ellI liabiliTies %9.1?3 16.869 47.679 106.80? 6.869 Total iiei Assers 47.679 10?.858 Page 33