**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: - [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 - 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 - **[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 1 **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| 2 ## **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** 4 **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) ………………………………………. 5 **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** 6 **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| 7 **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| 8 ## **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| 9 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| 10 Volunteers 34 29 Trustees 48 42 li