colne )opendoor centre Colne Open Door Centre Ltd (A Company Limited by Guarantee) Trustees, Report and Financial Statements for the year ended 31 March 2025 Charity number: 1121144 Company number: 6226127 Colne Open Door Centre Ltd Accountant's Report Year Ended 311t March 2025 Accountsnt'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 2025 which comprise the statement of financial activities, the balance sheet and the related notes. These financial statements have teen prepared under the historical cost convention and the accounting policies set out therein. Res ective res onsibilities 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 20C6 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 Inde endent Examiner's re ort My examination was Ca￿led out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charty and a comparison of the accounts presented wrth 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 'lrue and fair view and the report is limited to those matters set out in the statement below: Inde endent Examiner's Statement In connection with my examination, no matter has come to my attention: 11] which gives rne 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 [21 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Dats: 12 June 25 Accountants Name & Address: Peter Catlow ACMA, No 1 The Mansion, Alma Rd, Colne, Lancashire. BB8 7JG Colne Open Door Centre Ltd Statement of Financial Activities Year Ended 31st March 2025 Un￿StriCted Restricted Funds Funds 2025 Total 2024 Totsl Notes Incoming Resources Income 216,186 221,599 216,186 221,599 Charitable Expenditure Costs of activities in furtherance of the Charity's objectives Project 135,082 150.919 Support Costs 42,371 38,667 Management & Administration 35,800 30,093 Total Charitable Expenditure 213,253 219,679 Net Movement of Funds 2.933 1,920 Total funds brought foThvard 109,049 107,129 Total funds carried forward 111,982 109,049 Notes on pages 11 to 15 forni an integral part of these financial statements Colne Open Door Centre Ltd Balance Sheet As at 318t March 2025 2025 2024 Notes Fixed Assets Tangible Assets Current Assets Debtors 10 208 209 Cash at bank & in hand 112,133 109,205 112,341 109,414 Creditors.. Amounts falling due within one year 359 Net current assets (liabilities> 0 111.982 109,049 Total assets less current liabilities 0 111,982 109,049 Long tern Liabilities (over 12 mnths) Net Assets 0 111,982 109,049 Funds 12 Unrestricted funds 0 111.982 109,049 Restricted funds 0 111.982 109,049 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 fonn an intsgral part of these financial statement Colne Open Door Centre Ltd Financial Ststements 31st March 2025 Trustees. statements required by Sections 476 and 477 of the Companie8 Act 2006 for the year ended 31 March 2025 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 ststements were approved by the Board on on its behalf by and signed Signed: Name (please print) Colne Open Door Centre Ltd Notss to the Financial Ststements 318t March 20245 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 produ￿ 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 re￿1Vable. Income from investments is included in the year in which it is receivable. 1.3. Resources expended ReSoUr￿S 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 charrty and compliance with constttutional 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 Fixtures, fittings and equipment 250/0 Straight Line 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 benefrts is charged to the SOFA over the employees, serdice lives on the basis of a constant percentage of earnings. Colne Open Door Centre Ltd Notss to the Financial Ststsments 31st March 2025 2025 2024 3 Income 2025 2024 Unrestricted Fund Raising 6,975 Grants (unrestricted) 133,050 111,707 Donations 56,783 91,340 Room Hire and Rentsl 983 994 Restri¢ted - Prevention of Food Povety Café Receipts 17,368 16,710 Bank Interest and Miscellaneous Income 1,027 Open Gate Project Covid Grants and Furlough Payments 216,186 221.599 Colna Open Door Centre Ltd Notes to the Financial Ststements 31st March 2025 4 Costs of activities in furtherance of the objects of the Charity 2025 2024 Employment Costs 40,091 36,586 Rent 12.250 12,000 Heat, Light, Power & Water -3,168 16,074 Café consumables. including food parcels 42,931 77,485 Training Costs 1,772 3.865 Repairs to Equipment, Fixtures & Fittj'ngs Cleaning and Laundry HFSS Costs 2,519 3,558 2,794 1,351 35,893 135,082 150,919 5 Support Costs Employment Costs 42,371 42,371 38,667 38,667 6 Management Costs Employment Costs 19,051 17,386 Insurance 1,151 1,119 Telephone and Broadband 3,607 3,563 Printing, Postage, Stab'onery, Advertising Professional Fees 2,318 1,245 4,521 4,449 Open Gate Costs 2,141 354 Miscellaneous 3,011 1,977 35,800 30,093 Colne Open Door Centre Ltd Notes to the Financial Statements 318t March 2025 2025 2024 7 Operatlng Gain Operating Gain is stated after charging Depreciation and other amounts Written off tangible assets Audttors remuneration Employment Costs Wages and Salaries 94,040 83,663 Social Security costs Other Pension costs 7,474 8,976 101.514 92,639 8 Pension Costs The Pension charge represents contributions due from the Company and amounts to £8,976 9 Tanglble Flxed Assets Equipment Fixturesl Fittings Total Cost As at 11t April 2024 22,357 38,490 60,847 Additions As at 31￿ March 2025 22,357 38,490 60,847 Depreciation As at 151 April 2024 22,357 38,490 60,847 Provided in the year 399 399 As at 31 It March 2025 22,756 38,940 61,246 As at 31￿ March 2025 -399 -399 Colne Open Door Centre Ltd Notes to the Financial Statements 31st March 2025 2025 2024 10 Debtors Debtors, prepayments and funding due 608 209 11 Credltors: amounts falling due withln one year Accruals Trade Creditors 359 364 359 12 Restricted l Unrestrlcted Funds 0110412024 Incoming Outgoing 3110312025 Restricted Unrestricted 111,707 133,050 111,707 133,050 111,707 133,050 111,707 133.050 13 Employee8 Number of Employees (Including the Trustees) during the year were.. 2025 2024 Work Staff Volunteers 37 Trustees 51 48 Balance Sheet at 31 March 2022 2 110712025 Colne Open Ooor Centre Ltd Balance Sheet as at 31 March 2025 2025 2024 Flxed Assets Equipment at Cost Depreciation Net Value 60,847 60,847 60,847 60,847 Current Assets Debtors and Prepayments Cash at Bank Cash in Hand Total 208 111,783 350 112,341 209 108,855 350 109,414 Current Llabilities Creditors and Accruals Deferred Income Total 359 365 359 365 Net Current Assets 111,982 109,049 Net Assets 111,982 109,049 Surplus Brought Forward Surplus/Deficit for the year Net Worth 109,049 2,933 111,982 107,129 1,920 109,049 Signed Trustee Date I confirm that these accounts have been examined and prepared from the records presented by the Colne Open Door Centre Manager and Administrator, and that they concur with the Statutory Accounts to be filed with Companies House Peter Catlow ACMA Colne 21 July 25