Colne Open Door Centre Ltd (A Company Limited by Guarantee)
Trustees' Report and Financial Statements for the year ended 31 March 2024
Charity number: 1121144 Company number: 6226127
Colne Open Door Centre Ltd
Accountant's Report
Year Ended 31[st] March 2024
Accountant's Report to the Trustees on the unaudited financial
statements of Colne Open Door Centre Limited.
I report on the financial statements of Colne Open Door Centre Limited for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet and the related notes.
These financial statements have been prepared under the historical cost convention and the accounting policies set out therein.
Respective responsibilities of the trustee trustees and auditors
The charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the Act), as amended by section 28 of the Charities Act 2006 and that an independent examination is needed. It is my responsibility to examine the accounts under section 43(3)(a) of the Act, as amended: to follow the procedures laid down in the General Directions given by the Charity Commission under Section 43 (7)(b) of the Act, as amended: and to state whether particular matters have come to my attention.
Basis of Independent Examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below:
Independent Examiner's statement
In connection with my examination, no matter has come to my attention:
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[1] which gives me reasonable cause to believe that in any material respect the requirements - to keep proper accounting records in accordance with section 386 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
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[1] to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
Date: 19[th] July 2024
Accountants Name & Address:
Peter Catlow ACMA, No 1 The Mansion, Alma Rd, Colne, Lancashire. BB8 7JG
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Colne Open Door Centre Ltd
Statement of Financial Activities
Year Ended 31[st] March 2024
| Notes Incoming Resources Income 2 Charitable Expenditure 3 Costs of activities in furtherance of the Charity’s objectives Project Support Costs Management & Administration Total Charitable Expenditure Net Movement of Funds Total funds brought forward Total funds carried forward |
Unrestricted Funds Restricted Funds £ £ 221,599 |
2024 Total £ 221,599 |
2023 Total £ 199,182 |
|---|---|---|---|
| 221.599 | 221,599 | 199,182 | |
| 150,919 38,667 30,093 |
116,944 32,589 28,649 |
||
| 219,679 | 219,679 | 178,182 | |
| 1,920 107,129 |
1,920 107,129 |
21,000 86,129 |
|
| 109,049 | 109,049 | 107,129 |
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Notes on pages 11 to 15 form an integral part of these financial statements
Colne Open Door Centre Ltd
Balance Sheet
As at 31[st] March 2024
| Notes Fixed Assets Tangible Assets 9 Current Assets Debtors 10 Cash at bank & in hand Creditors: Amounts falling due within one year 11 Net current assets (liabilities) Total assets less current liabilities Long tern Liabilities (over 12 months) Net Assets Funds 12 Unrestricted funds Restricted funds |
2024 £ £ 0 0 209 109,205 109,414 364 109,049 109,049 0 109,049 109,049 0 109,049 |
2024 £ £ 0 0 209 109,205 109,414 364 109,049 109,049 0 109,049 109,049 0 109,049 |
2023 £ £ 0 0 608 106,880 107,488 359 107,129 107,129 0 107,129 107,129 0 107,129 |
2023 £ £ 0 0 608 106,880 107,488 359 107,129 107,129 0 107,129 107,129 0 107,129 |
|---|---|---|---|---|
| 109,414 364 |
107,488 359 |
|||
| 109,049 109,049 0 109,049 109,049 0 109,049 |
||||
| 107,129 0 |
||||
| 107,129 | ||||
| 107,129 0 107,129 |
3
The Trustees Statements required by Section 476 & 477 of the Companies Act 2006 are shown on the following page, which forms part of this balance sheet
Notes on pages 11 to 15 form an integral part of these financial statements
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Colne Open Door Centre Ltd
Financial Statements
31[st] March 2024
Trustees' statements required by Sections 476 and 477 of the Companies
Act 2006
for the year ended 31 March 2024
In approving these financial statements as Trustees of the company we hereby confirm:
(a) That for the year stated above the company was entitled to exemption from the audit under Section 477 of the Companies Act 2006 relating to small companies.
(b) That the members have not required the company to obtain an audit in accordance with Section 476 of the Companies Act 2006.
(c) That the Trustees acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
The financial statements were approved by the Board on and signed on its behalf by
Signed: ……………………………………………………………..
Name (please print) ……………………………………….
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Colne Open Door Centre Ltd
Notes to the Financial Statements 31[st] March 2024
1. Accounting policies
1.1. Accounting convention
The financial statements are prepared under the historical cost convention and follow the recommendations in 'Accounting and Reporting by Charities: Statement of Recommended Practice' issued in October 2000.
The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.
1.2. Incoming resources
Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable.
Income from investments is included in the year in which it is receivable.
1.3. Resources expended
Resources expended are recognised in the year in which they are incurred.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
1.4. Tangible fixed assets and depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% Straight Line Fixtures, fittings - and equipment 25% Straight Line
1.5. Pensions
The pension costs charged in the financial statements represent the contribution payable by the charity during the year.
The regular cost of providing retirement pensions and related benefits is charged to the SOFA over the employees' service lives on the basis of a constant percentage of earnings.
Colne Open Door Centre Ltd
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Notes to the Financial Statements
31[st] March 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| 3 Income | 2024 | 2023 | ||
| Unrestricted | £ | £ | ||
| PHCIF Scheme | 0 | 6,666 | ||
| Grants (unrestricted) | 111,707 | 95,000 | ||
| Donations | 91,340 | 76,399 | ||
| Room Hire and Rental | 994 | 1,579 | ||
| Restricted –Prevention of Food Poverty | 0 | 44,999 | ||
| Café Receipts | 16,710 | 13,870 | ||
| Bank Interest and Miscellaneous Income | 848 | 4,489 | ||
| Open Gate Project | 0 | 1,179 | ||
| Covid Grants and Furlough Payments | 0 | 0 | ||
| 221,599 | 199,182 |
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Colne Open Door Centre Ltd
Notes to the Financial Statements
31[st] March 2024
4 Costs of activities in furtherance of the objects of the Charity
Charity 2024 £ Employment Costs 36,586 Rent 12,000 Heat, Light, Power & Water 16,074 Café consumables, including food parcels 77,485 Training Costs 3,865 Repairs to Equipment, Fixtures & Fittings 3,558 Cleaning and Laundry 1,351 150,919 5 Support Costs Employment Costs 38,667 38,667 6 Management Costs Employment Costs 17,386 Insurance 1,119 Telephone and Broadband 3,563 Printing, Postage, Stationery, Advertising 1,245 Professional Fees 4,449 Open Gate Costs 354 Miscellaneous 1,977 30,093 |
2023 £ 30,835 12,000 13,215 51,810 2,327 5,062 2,171 |
|---|---|
| 117,420 32,589 |
|
| 32,589 14,653 1,401 3,594 1,111 1,530 2,576 3,784 |
|
| 28,649 |
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Colne Open Door Centre Ltd
Notes to the Financial Statements
31[st] March 2024
| 2024 2023 7 Operating Gain £ £ Operating Gain is stated after charging Depreciation and other amounts 0 0 Written off tangible assets 0 0 Auditors remuneration 0 0 Employment Costs Wages and Salaries 83,663 71,173 Social Security costs 0 0 Other Pension costs 8,976 6,904 92,639 78,077 8 Pension Costs The Pension charge represents contributions due from the Company and amounts to £6,904 9 Tangible Fixed Assets Equipment Fixtures/ Fittings Total £ £ £ Cost As at 1stApril 2023 22,357 38,490 60,847 Additions 0 0 0 As at 31stMarch 2024 22,357 38,490 60,847 Depreciation As at 1stApril 2023 22,357 38,490 60,847 Provided in the year 0 0 0 As at 31stMarch 2024 22,357 39,339 60,847 |
2024 2023 7 Operating Gain £ £ Operating Gain is stated after charging Depreciation and other amounts 0 0 Written off tangible assets 0 0 Auditors remuneration 0 0 Employment Costs Wages and Salaries 83,663 71,173 Social Security costs 0 0 Other Pension costs 8,976 6,904 92,639 78,077 8 Pension Costs The Pension charge represents contributions due from the Company and amounts to £6,904 9 Tangible Fixed Assets Equipment Fixtures/ Fittings Total £ £ £ Cost As at 1stApril 2023 22,357 38,490 60,847 Additions 0 0 0 As at 31stMarch 2024 22,357 38,490 60,847 Depreciation As at 1stApril 2023 22,357 38,490 60,847 Provided in the year 0 0 0 As at 31stMarch 2024 22,357 39,339 60,847 |
2024 2023 7 Operating Gain £ £ Operating Gain is stated after charging Depreciation and other amounts 0 0 Written off tangible assets 0 0 Auditors remuneration 0 0 Employment Costs Wages and Salaries 83,663 71,173 Social Security costs 0 0 Other Pension costs 8,976 6,904 92,639 78,077 8 Pension Costs The Pension charge represents contributions due from the Company and amounts to £6,904 9 Tangible Fixed Assets Equipment Fixtures/ Fittings Total £ £ £ Cost As at 1stApril 2023 22,357 38,490 60,847 Additions 0 0 0 As at 31stMarch 2024 22,357 38,490 60,847 Depreciation As at 1stApril 2023 22,357 38,490 60,847 Provided in the year 0 0 0 As at 31stMarch 2024 22,357 39,339 60,847 |
|---|---|---|
| 78,077 Total £ 60,847 0 |
||
| 22,357 38,490 |
60,847 | |
| 22,357 38,490 0 0 |
60,847 0 |
|
| 22,357 39,339 |
60,847 |
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As at 31[st] March 2023
0
0
0
Colne Open Door Centre Ltd
Notes to the Financial Statements
31[st] March 2024
| 10 Debtors Debtors, prepayments and funding due 11 Creditors: amounts falling due within one year Accruals Trade Creditors 12 Restricted / Unrestricted Funds Restricted Unrestricted 13 Employees Number of Employees (Including the Trustees) during the year were: Work Staff |
2024 2023 £ £ 209 608 0 0 364 359 364 359 01/04/2023 Incoming Outgoing 31/03/2024 £ £ £ £ 44,999 95,000 0 111,707 44,999 95,000 0 111,707 |
2024 2023 £ £ 209 608 0 0 364 359 364 359 01/04/2023 Incoming Outgoing 31/03/2024 £ £ £ £ 44,999 95,000 0 111,707 44,999 95,000 0 111,707 |
2024 2023 £ £ 209 608 0 0 364 359 364 359 01/04/2023 Incoming Outgoing 31/03/2024 £ £ £ £ 44,999 95,000 0 111,707 44,999 95,000 0 111,707 |
|---|---|---|---|
| 359 | |||
| 31/03/2024 £ 0 111,707 |
|||
| 139,999 | 111,707 139,999 |
111,707 | |
| 2024 5 |
2023 4 |
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Volunteers 34 29 Trustees 48 42 li