2024-04-05-accounts

Registered number 1134313 OPEN DOOR BAPTIST CHURCH Report and Accounts OS April 2024

OPEN DOOR BAPTIST CHURCH Report and accounts Contents Page Dlrectors. reFQrt Financial Rèview IndeFendent Examlners Report Profit and loss aCc￿nt Balance sheet Statement of change in equity Notes to the finanGial slatgmants 8-12

OPEN DIXIR BAPTIST CHURCH Rgglstgrod numb•r: 1134313 Dirèctors. Report The Directors of Charity are its Twstees for the puw of the Charity Law arKI throughout this reKK)rt are collectively referred to a¥ Trustees. Their ra$F￿51b1ll1ies Include all the responsikn"lrties of Direcknrs under the Cwanles. kts and d Trustees under the Chafities A Namo •nd W•Blot•rnd offlG• Nam8: Open Door8 B8pU¥t Cmrch Road, Hxhrny, Lond¢XI. ES HSBC Bank Plc, Mare &reet Hackrev E8 1PJ Registered kers". ObJ•ctlvo0 achl•v•d In t￿ y••r Th• board of trustees are satisfied the perfornwn￿ of th• chthi duriw tha y••r •r the position at 5 April 2024 and ¢onsider that thè charty 18 In a strong FX)sition to c(mtinue Is activities durlng the ¢¢xnlry year, and that the a88•ts are adwué to fiAfiI 118 obllgallons. ConMbutlon of volunt••r¥ In additions lo members, finarthl con1n￿tron8 to the ¢hwity, Som? do provide very valuable voluntary aeThiGes. Som• of th￿ rol98 )d ac'wbéÈ voluntsrity yovided induda counselling. teachings In the sthools. communlty administrab've thties, muii¢ mlnlsty and other areas of church lrfe. Measuremont188ue3 InclL¥Jing ambuting economlc value to Such unpad ¢￿t￿"bub.0n&, prevents Inclu81on of such contrltAAion5 4thln the Slatsm￿t of Flnowal AcO¥ths. The past¢x and the deacon$ r¢taln ov¢rsight of •H chjrth m•ttw. These •rn th• m8naging trusteeg. Tho tmstses moet r•gularly to dis￿¥9 8nd ottyeth"ve8 and ImF4emerrtallon thereof. Matters of gen•r•l concem •r¢ rwg•d llh 811 mambei8. I matters are SLknhect io prayer and Gcrfs dlreckn and the Trusteu of the Churth. Major declslons al any churth meetings are detemine by Simple majority votes cast by meml>ers present y￿1h eath members hawNJ on• vote. In ts tvent of equal votes. tho chair may exerclsg a seco￿1 vote as a c•sting vote. Small ¢offlpany pmhl(¥n• This le￿rt has been prepared In accordarm vnth the Fffoviwns in P•rt 15 of th8 Companies Act 20(6 applicable tt) comp8riw $ubpct to the small companle¥ reglme. Small Gompany provlslon• This rerrtM1 has been prepared in provisions in Part 15 of the Compani88 Act 20C6 applicAt4e to CAThpan￿ sutyect to the SI￿11 Gompanies regime. Thls re[￿ was appyoved by the trfJar(l on 19 sept￿b￿ 2024 on its behaw. BabatLmde Emmarojel ￿etur Dirtctor

OPEN DOOR BAPTIST CHURCH Flnanclol Rovlew Transactions and Flnan¢lal Position Th• flnan¢lal slatements are set (￿rt on pages 5 to 7. Th? fiTra￿al Stateme￿ have been prepared Implementing the Statement of Recommended Pfactyce ts AcC￿n{lng and Reporiing by Charit1¢8 199ued by thè Charity Commission for ErylaThJ and Wales leffe¢tive April 20051 and in accordance wth the Finandal Reporting Stsndard ts Smaller Enfitw (effectsv• Janury 2Crf)61. The Trusleos consider the financlal poUon ofthe th8rlty dwlng th• yw hm been satssfactory. The statem￿t of Fwwn¢lal ALthrtlgs show gmss resowces fw the year of a rever￿￿ ngturg 01 £81.354 Expenses for the year was £54,447 leaviry a net surplus of £26.W7 Reserves * the year end was £529,453 The board of truste85 ar8 Satisfied that the tharws a8S•ts ￿ a¥￿18ble adeguate to fuNII Its obllgatlon8 In th• foreM••bl• fvlurn. The chanty relies on offerirvjs, lJlhe9 and var￿￿6 ¢J)natlons fr(m ts members a8 identsfied in th• 4ceounl8, 8upwt 1$ gr•aty valued. Othor area8 of $OLWCe of lunds ar• Covenani Gfft aThJ bank inv¢atsnwtt incl￿¢. Thw fvnd• •n4bio8 tha thority lo carry it8 01￿19ab￿S dunno the yéar. Major rt8k8 to T•hlch th• chilty l• •xpoMd •nd #y8tm to mldyt• thp•• rf•k• Flnwbelftl The eharty18 open to t￿ usual flnancld rlsks of ony oryanmats'on. and th& charlty ho0 Introdu¢•d control$ lo mlnlmlse these rfsks. wch as Signatu￿ bw"N4 requked for pgym8nt8 from the bank ac¢ounL an appoirrt•d deaeorVp8stor of th8 thurch 1$ requirwj to authollse payments lor purchase) and also th• accour)ts arn regularty ￿P￿nd to Mar￿ Of￿ chwty •nd are for Mem￿￿$ Insp•ct6on at any time. Chllth•n And Vuln•rnbl• adults Work with chlldren and vuln8rat4e adLffts are opw7 to rfskg. The pollcy18 that vlsltatbon, ¢wnJdlirE and any V•rrk Involving children and VLdneraLle adults are done by trained por80n8 vA)o In palrs. New volunteers to the children ministry •r• recnMte(l on the basi$ of Bapts'st Unlon'• pollcy tr Ihe re¢ruthent of volunteers for childM'8 m￿￿8￿ tpthlch are in line Govemment pollcy. statsm•nt of Dlroctorn. and Trubt•M R••Pon￿bIllI1ti Charity L¥w requirey the Board to Fryare the finanGial Statem￿ for oath financigl yearvthlch givè8 a Irug and fair vivw of the st•tè of sffairn of the tharity as * end of th• financkll year and Ihe Jurplu8 or d•fi¢it ofthe chanty. In prewng th089 financ￿ stalem￿, Board is required to... select sultable accountlng ￿￿1￿e8 and th￿ apth thwn consist¢nty, make judggments aNJ estsmates that are re8s(Thble and wudenL gtate wh8ther appl￿ble accountÉng 3tsnd¥d8 ar￿ statem￿ rf re(yynmerKJed wacdce have teen f¢41ov+Ed, $ybject to any matsdal departwes diKkn5ed aThJ exF4aird in the finanual 8Mernents". Pfepare the financial statements on the going concem baBi8 unless il is inawopriate to presume that th? charty wiu ¢ontinue in I￿911$$.

OPEN DOOR BAPTIST CHURCH Flnanclal Revlew The Trustees are a￿0 re8pw8ible for karyirva prow accountlng rec￿S fiich dfjsclose with rea¥onable accuracy at anyb.me the finandal p051tic￿ of the Gharity vkni¢h 18 suffia•nt to show explain the charity's transactions and enat4e them to ensure th the linanc￿ statements GomtAy wth the Ch8rltbg$ A¢t. They are al80 respOn￿ble for safeguanlng the assets of the dwity ar￿ nence ftJrtsKlrKJ reasonable The Tru818&$ arn also respwtrAa fc* thg CCrfrtent# of ts thJstee¥' reFQTL arKI the responsibility ofthe auditors in relats'on to the trustees. report Is Ilmiled to examining the report 8n8uring that, ori the face of the rewrt, there are no inconsstende8 the ffi9wes disch)sed In the ￿n￿Cial staterrthts. This rowt was apwoved by the B0￿d ofTrustees M 19 Septembw 2024. Slgned.. - Nwne... 8obatLrth Emmanuel

Indap•ndont Examlnof6 Roport on th• Finan¢lal Stat•fflont for Opon Door Baptbt Church For the year ondod 5 Aprfl 2024 Rgport to the trustees of op￿ 0(￿ Baptigt Churth (m Ihè fffjanrial stat￿ents for the y￿r ended 5 ApTd 2024 as set out on pages 5 to 12 The Cliarity tru8le8s arn respor￿1b￿ br thè preparab'on ofthe ￿COUnts. Th& Charivs Intstee8 consider that an audlt 13 not requir¢d fwthe yw (under gectiM 4312) of th& Chities Ad 1993 (the Act) and that en Independ8nl examinath￿ is ne¢ded. 18 rny responsI￿lty to'.- exarnino th• •ccount8 (urKl•r S•¢￿6 43 {3)1a) of the Act to fdlow the procodufes laKI in the G•)eral DITo1¢)n• gl¥en by th8 Chority Comm15slonefS (under seGbon 43(n(b) of th• A¢t.' and . lo slate whether partIC￿lar mattern havo uxno to my •tt•nUon. K4y examination w88 Carrled ¢Ju¢ accrydanc¢ with G¢rnrnl Dbre¢ikn gfv•n ty thè Ch8fity commi8810￿r4. An exgmination a feviww ofthe accx)unllng rKord8 kept by ￿ charty and a comp•rl8on ol th finantsol etat•m8nt8 y•sar)t•d 1oAth those rec£ids.11 also indude6 nsidgrauon of ￿Y unusual It￿3 or di8¢k￿￿ in the f￿￿￿1918t￿tOM￿1. And $8oklng explan8litin8 from the tru8ts88 conc•mlng suth mattern. The procedur•8 undgrtaken do tmjt pro￿de $11 th& 8vklort8 that wthjhj be fequirnd in ￿ aLJIL 8nd cons•wentty I do not expre￿ an awjll on Ilw Ilnarthl 8t4twwts. In conn•dion wNh my 8x4rnlnatlL￿. ￿ mattw haB to my att•ntic The btsard oftrustees aro satisfi8d th& ofthe dwrlty duElrvJ fv y•gr and Iho posibw 91 S April 2024 •nd considor thal charity 1$ wi a 8trong po8iliM lo cryth'nve tts act￿me8 duflng thB Grmlng ye•r, aThJ th•t th• 8u•t• Arn #d•quats kn tdfil ils ok&gabw. • whlch glve8 me r•osonabltr uuge to b&le¥8 Ihat kn any m•t8ts1 rgBP•CI lh• requiremerits. keep acc￿￿1￿ reryxd6 in a￿)rd￿e wlth sedth 41 of Ihe 1993 Act; and to which. In my cWnk>n, b8 in order ts en¥ble a proper • understandiThJ ofthe ac£(wnts to be rea&Kd. Signtsd.. Dale:. 19 Se¢knber 2024 Name:.

OPEN DOOR BAvnsT CHURCH Proflt and Loss Account for the year ended 5 Aprll 2024 fvnd• Total f￿d& 2024 fund 2023 2024 Incomlng Rg•our¢•• C8pit81 gr￿ts. iegaues & donalmts 81.354 82.860 Rnources Exp•nded Cost tsf ACIN￿'e6 Management arKI adMir￿strai1 Total Re8OUfc68 ExperKled 53.827 53,827 30,930 1,800 54.447 54,447 Not Incomlng R••ourc•• b•fryE trnn8f•r 25,007 28,9)7 30.130 Net Incomlng Resource$ tsfcffe revaluo¥r & Investment OS8et di8PO8 20,e4J7 30,130 N•t Ma¥•m•nt In fund• 25.807 26.907- Th0.130- T¢)tsl fund• breuoht fonnvd 107,Ja2 .184 ￿.548 472,416 Tot•1 fund• rArrl•d forward 132,￿ 3È6,484 529,453 502,548

OPEN DOOR BAPTIST CHURCH RfrglsteT•d number. Balan￿ Sho•t as at S Awil 2024 1134313 2024 2023 Flx¢d a•••ts Twgiw a88•ts 462,247 445.167 445,167 Cuff•nt au•ts D8blor6 Cash at bank and in h￿d 24.771 24,771 34.776 59,547 68.037 CT•dltorn: amounts fallng qlu• wlthln on• y￿r 831 2,188 6721 57.370 Tot•1 IM• ¢urr•nt Il¥bllltl8• )02.548 N•t A•••ts •plt•l •nd r•wr¥ ReSlTlct￿I FuThYs Unrestrid￿ Fund8 132,9 3&5.484 107,382 395,184 R4••M• 529 502,548 The Board of Tntstees Kkno•Aedge their re8pJNknlity for ensuring the organisab.on keeps pro accounting ro¢ords in occordw¢• wilh tho requlrem8nts ofthe Chwlllgs kt 2(￿ 86 morg fulty 801 out uThJeT Tfuslees. Res￿l￿b￿s￿e3. In the report ofthe Tnthes. The membors hAv• not rnqwrgd th• cornpwry to obtskn 4n &xlli In wlth the Charith Act2011. Babthnde Emmanud Ctyelunll Director Approved by the t4)•rd w 19 SeFlemb8r 21724

OPEN DOOR BAPTIST CHURCH ststement of Changes In Equity for the year endod S April 2024 Total and It￿3 At 6 WI 2022 472.416 472.416 Profft for the fin8rKbal year 30,130 30,130 Total wmprehaNve ineL*nè for th• flnancial year 30.130 30.130 At 3 Awll 2023 At 6 Aprll 2023 a• rMtst•d 502,$46 502,546 502.546 502.546 At 8 Apfll 2023 502,548 502,548 Totd ¢omprehenJi¥e ir￿￿￿e lor the finan¢ial year 26,907 26,907 At S Aprtl 2024 529,453 529,453

OPEN DOOR BAPTIST CHURCH Notes to the Financlal Statsmon15 for the year endod S April 2024 l Accounting pollci asls ofpryva The Financial Statements have been prepared in a(zothnce ilh ChOriti￿ Act 1993 and the Financial ReF¥)Tting Stsndard frjr Small Enlylies (FRSSE). and au other ap￿iCable accounting standards, effective JLme 2001 as rrthffied ty thè Siatemenl ol Recommended Pr￿lIcE f AGGounting and Reporting 18gued by tm Charity Commissioners for ErvJlarnJ and Wales. eflective OCto￿r 2000. adapted to meet the r￿0£￿ of un￿rated or9￿1$•110n$. Aec¢>untlnq ¢onvqntlon The Fin8n¢io1 Slatsmonts ar• ww¥8d. on a gLwvJ Cor￿ bals. ￿ljer the hlstorfGal Gojt convention. In¢omln¢ R￿oU￿• IneomlrvJ r•8our¢•s ar• aCc¢￿nted for on • rttiv•bl6 b￿•. In a¢￿dance the statement of Re¢cnMend￿ PraGtIG• for Acc•untlng Jnd Reporting issued by the Chanty Cclnmissioners for England & Wales grants. rgcglved In attvance and speclned by the donor as rel•tin9 to 8pcific Accounllng porlod$ w ollemativety ¥thich are 5ubjecl to coThj￿0nS wNch ¥rn to be mei •re deferred accAth b￿1¥ to period to thich th•y rèlat•. Such deferr￿$ are 8tt¢)n in the rKles to Ihe 8¢r￿unIS WKI the Sum8 IrNofved ar• IrKluded aj creditors in the financial statements. sto¢k8 Stock¥ are measured ot the lolw of cost and estlmated selling pri￿ loss costs to ¢omplete ar￿ 8dl. Cost 1$ determined uslng the first in first ryrt methtra. The G￿ing amount of stock 8010 1$ rncognised al an oxp8ns• in tho period in vthlch the relaled is rwil88d. Short t•rm debtor8 are mea8urod 4t LOuly the Involce prirzl. les8 any impaimienl loyyes for bad and doubtftl detts. Loans other finanual assets are Inidalty recognised al transaction price irKludiny any traw¢tion c08ts and subsequentty measured al amortised cost determined uNng the efledve Interest mettrth. less any Impalmient1068e$ for bad and doubtful debts. abilities are recognised on the 8ccru818 bgs18 In 8cL¥Jrdarta vllli tKThal account6r4J principles, modthed necessary in 8(xordance Imth th8 guldance given in Ihe Stalwnenl of Recommended Pfaetlc• for A(￿Ou￿11ng and Rerlino ltswed by th• Charily Comrris#K)nerd for Enoland and Wlo8. Charft•bl• Exprynthlurn Charitable ejpendlture indudes ￿1 6xperKlituE¢ dirth related to the charity and comprise5 the fdlowng:"

OPEN DOOR BAPTIST CHURCH Notes to the Financial Statements for the •nded 5 Aprll 2024 Actfvllles In lurthorance of tho ch11￿3 obie¢dv The co8t of a￿1vIlle5 in fvrtherance of the charty's obj'eclives represents the cost of goods and swices and anGiilary ITading costs that kwe been imwred charitable xtivities. Managèment and admirtistration Costs reKegent eXpendI￿re incuffed In the managemgnl of tho Charity's assets, 0￿￿1$ational admtrtfjstrallon arKI ¢cthpllanc• iih th• charitable and stabjlory requlrements. Tho charty8 operating ¢osts I￿lUdI staff co818, ¥J other related eosts. SLtth coats are alloraied tyw of regowces bws of e811males mwJ• by the trustees. Adminl8tratlve expenditur¢ Indude8 all exynditure not diredy r•lated lo th're¢t eharrtable octlvity. In règpect of certaln Items of experKliwr• It is a mattw alju&Jement a8 to item8 ar• direcl ch•ritable èxpenORuro or admlnl$trlv8. arvj trust•u h•v• •PF4ied they f1)n￿dèr to bè 8$onatAe ludgemefrt In apportbNung costs. TM Componlèts Ael 1985 rgqulr•8 al b8l¢Mglry b c¢wnpnle to be depredated. However, thi8 rgqulr•m•nl confflds wlih the 98ngraty acewed Wincip￿ set in SSAP 19 and th8 ovthdlrvd requlrwnent to shtrw a true aNI fa'r vivw. Thé 8oard of Tn￿t•8• considers th becau8e the prcperty 1$ not held for consumpticm, txrt for Ils Investmert ￿•￿'al, lo depiecAale il wwld not 9iv• 4 trvo •nd fair vivw, that gIthou￿ the tharity is exompt from thè fvll appI￿atiOn of SSAP 19, and has not had a f￿rnal prof•aalorv41 Valuation, of tm kyerty, but h•$ rdied on th• b•$t ol th• board of the market Value, In Ixder to luTrJs fwtho cthaiilable PLwposes of the tharity. If th18 poNcy had not ￿ adw, the defidt for the finanGbal V4wld h￿ b¢•n incroa8¢d by dopre¢iotion. Hovnver, tho amount of ¢Jepreath"on canr¥x roasony te quantlfled l)ecau3e depreGlallon 18 only one of fadors reflected irt the anr)ual valuabm arrfl Ihe amount to wk4eh mlght Othe￿8• have been ohovm ¢annot be syr•Wy identified. Flx•d A•8•t and D•pr•elatlon The tsfiqlbbe flxe(l assets are 81*d al c(%t ￿ depr￿JaIl￿. Depreciatlon has been provided at the ￿Ning rates in onlerto vrttte off the aJ8ets {le89 thelr oxpeGted val￿) their •stimatéd u80ful li¥•8. A wular annual re¥ie4V of thè Id(elihood of asset impaimwnt IB undertak￿. Tho princapal annua raes Used fordepTe(xabon a$ folkws". Land ar#J Building per aMum straight line. Olfice 25% per annmi straighl line. Fixtur•s. fittynqs, tools equI￿ent 25% per arnum straight lim.

OPEN DOOR 8APT13T CHURCH Notes to the Financial Statement8 for the year •ndod S Aprfl 2024 Capttal GranlA The Board ot Trust89S c>)nsYers that. in order to wilh the Statem8nl of Re¢ommended Prlce for AccounliThJ •)d Rep)rbTVJ is¥ued by the Charrty Commisgion8rs for England and Wdes lefleclive Odotr 2(w), grants of a ￿P[la nature given for purposes and fij uIIU8ed In Il furth￿anCE of the purp￿¢8 of the ch•rity ¢h￿Id bo u4ditod to thè fixgd 3$￿ts fund after the fvnds have begn yopety expended on the restrithd purrmxe. The related assets 18 The rel81gd as68ts are subiecl lo restrKAkyH by the grnnl making organisat￿n on Ihwr use and disposal, and these ￿t￿r￿0￿ Are noted tho fryed astet 6ethn of Ihe8e accounts. Thts fixed sset fvnd so creatests In the SAatem8nl of Flnanclal Advltss. Fund• Structw• Pollcy The charlty malntainJ a genvAd unr¢¢tshae(I f4md which rtyrwints fvndo #ro •xpendablo at the dl8cr6tion of thg trustees in furlherarKe of thè obieds ofthe tharity. S￿h funds may ￿ hekl In order to fin￿ce both M)rkiro rApitg1 and In¥thMenL Restricted lund$ have been tr) fv d￿rIty W￿l9T puYpo8w. arKI il 1$ th• of tha Irusla• to carefumy monllor 8pplkgOcffl In llh the re3trwM8 pknced upon Ihom. Tharo h no fom)al pc41ry on alh￿Ik)n of fmdo to do•i4n•t•d lund•. Th¢ro 18 no formal pjlcy lo tran8f•r fvnds, other than Vwt de8clbod under the Capital G8ln$ pollcy above. Amy prop08ed transfer b8tsveen fund8 WO￿ te con$kl•r•(J on the p8rtlculaT cifeJJmsthncès. The d&tg11s requifed by ts Slatemènt of Rermmended Prth£ foT the Amnllng and Rop￿ng issued by the Charity Commis6k￿0￿ for England aNI W9108 are thovm in the dWa1￿j scwule to the Slatemant of Finw¢iAI Actvitkgs on paps......... Staff ¢o•t• and Emoknwfits 2024 2023 PAYE & Nional In8uranc C¢rt Pension Contr*Krthxs 620 Number offvll time emplosffje5 orftll ts"rn8 ewiv91￿ts 10

OPEN DOOR BAPTIST CHURCH Notes to the Financial Statements for the year ended 5 Aprll 2024 2 Tangibh fix•d as••ts Equipm•rf Clwreh B4ulding MuslGal M•n•• In#lNmontR Co#t Al 6 Ayil 2023 Addib"ons Al 5 April 2024 1.823.369 1,550 1,124.919 188.853 18,435 187,088 113,218 1.175 114,393 2,105,240 21.160 2,126.41)0 D•prnel•tlon At 6 Aprll 2023 Charge lor the year At S April 2024 1.386.9n 750 164.653 108,448 1,488 1,660.074 4,079 1664,153 N•t book vlu• Al 5 Aprtl 2024 At 3 April 2023 4,770 445,166 3 0th8r Debtorn 2024 2023 ConstTUGUon of Ma￿ HistOfi¢al Det 19.506 5265 19.506 5,265 24,771 4 LoATh• 2024 2023 Am¢ynt 4t 6 @)rf12023 Revpaymenl 2,771 11.403) (1,337) 31 6 A¢cru•l8 and •mount8 P•y4bl• wlthln on• y•v Loan creditors (as per note 4) A£ccwntsrLy fees 31 800 831 1,368 2.168 11

OPEN DOOR BAPTIST CHURCH Nota8 to tho Finaneial Statem•nt4 for the yoar Ondod 5 April 2024 ior ye8T total funds 2023 furyjs 2024 fvnds 2024 T¢)tal funds 2024 6 Incoming R•sourc Tthe¥ a Annivarsary & Thanksgfving Gift aid receNaL4e Other donaions ChLbrch building fund8 28,004 S.515 10.011 5.515 10,011 21.4¢J) 81,363 62.860 c￿rI￿bI• Exp•ndltur•- ¢￿t olaGtlvlll•• In 7 lurthwanc? 01 th• ch•rlty'• obp¢tl¥ 2024 2023 man￿ •xpen8e8 Children & Youth Vjnlsty Depre¢iati¢)n Music & publidty Mi3sion8 8uppryI & Honorarfurn Telephone, fax & intwn•t R8paSr6 & mJinl•n8irte Water, g88 & 818Ctrf¢ Insurence GovÈfnance c081 So¢i81 & •ntortainm•nt Prinlirwj, po3agtr & statior Welfar donatlon¥ 7.949 574 2,190 137 5,830 1,947 2,245 2.288 8,942 6.885 1.275 2,615 2,311 570 8,071 1.577 1,180 53.828 Managgm•nl arKI a(knlnl•tr•l 2022 Pensith) lund8 Pdwyear total fvnds 2023 fvnds Total fvnd5 2024 8 Capltal & 2024 Al 8 Aprfl 2023 Nat movèment kn fuThl8 107,361 25, 395,184 472,415 30,130 Al 5 Aprfl 2024 132. $29,453 $02,545 Ttr￿e are no post b8lanc sh8et eve￿ lo reFrylto the tKJwd. 12