Registered numb&r 1134313 OPEN DOOR BAPTIST CHURCH Report and Accounts 05 April 2025
OPEN DOOR BAPTIST CHURCH Report and aGcounts Contents Directors, reF¥Xt Financial Review Independent Examinees ReFMJrt Profit and loss CoUnt Balance Sheet Statément of change In equty Note810 the ffinanclal statements 8-12
OPEN DOOR BAPTIST CHURCH Registerèd number: 1134313 Diroctor&' Roport The Directors of the Charity are its Ttee5 for purpos8 of the Charity Law and throughout thi8 report aTe collertively referred to as the Trustees. Their responsibiif(ies include all thé Tesponsibilrties of Directors under the CsJnpanies' A(ts and of TNstees under the Chariti'eg Art Nam• and r•gl•t•rod ofllGe Name.. Open Doors 8aptst Church Dn8 Road, Ha¢krw. London. E5 HSBC Bank Pk. Mare Street Regisler8d Bankers: E8 1PJ Obl•ctlv88 aGhl•v•d In th• y•ar Thè board of trustees are satisfd wlth the wforman(x ofthe charlty during the year and the positlon at 6 Aprfl 2025 and consider that Ihe chanty15 In a strong positlon to continue ils acllvilies during the comlng wr, and that the a884ts aro adequate to fvlfil rts obligation8. In additions to members. finand81 contrtbuuons to the charity. somo do piovlde vory valuable voluntary services. Somè of tha88 robgs and gctivitw vduntadty pmvided include eoun8elling. 1?aching8 in the schools. communty wrk, •Jmintiye duli88, muBi mlnlstry and olh$r are88 of church Ille. Mea3urerMnl i33u8s induding attributlng an economic value to such unpald contrlbutlon#. prevents irdusion of such conlributson$ within th• Statem•nt of Finandal I}¥185. Structur•, GOrnan and Manag•rn•nt The pa8tor and the deacon3 retain over5ighl of all church mattarB. Th080 ara the managing trustees. The trusl88J m88t regulaty to discu88 and plan obitiVeS and implementstlon thereof. Mattern of 98nofal n¢effi rai8od wtth 811 members. All matters are sub to prayer and GcrfT$ dirgdon ar thè Tru8teès of th• Church. Major deelsions at •ny church m•oting8 are dot•rmine by •impl? majority ¥oteJ G03t by nmb•r$ pre¥¢nl with each members having ono Voto. In the of equal votes, the chair may exarc180 8 8e¢ond votè •s a casting vote. 8mall company provl8lon• This ffjport has been prepared in xcordance wEth the provis5 in Part 15 of tho Companios A¢t 2006 appliGabte to companm subject trj the small regime. Thi8 roport was approved by the tId on 31 August 2025 ano svJneLI on ils behaff. Babgtunde Emmanuel Owunji Dlrector
OPEN DOOR BAPTIST CHURCH Financial R8vlew TransaCOn9 and Financial Posttlon The financial statements are sel out on pages 5 to 7. The finanrAal statements have ken ppared implemonting the Statsment of Recommended Practre for Accounting and Rep)rb'ng by CharilEs issued by the Charty CommissK)n for Engiand and Walès {effknV0 April 20051 and in aGwrdanGe wrth the Financ181 Reporting Stanttard for Smaller Eniiues leffe¢ti¥e January 21]051. T1 Trustees consider the financial position of the charty dursng the year has been saithctory. The statement of Financial ACtIvrt5 81KAv gross resource$ for the year of a revenue nature of £95.494 12023124. 81,354) Expenses for the year wa$ £73.373 12023f24.' £54.447) leaving a n61 surplus of £22.121 {2023124'. £26.9071 R88erves at the year end wa8 £551.574 {2023r24.. £529.4531 The board of tNSteu ar• sati6fied that the (knrW8 WIS are available and ad&]uato lo fulfil it8 obllg8tlon8 in thè foreseoabb fLrtLtr•. Tho charfty relies on offen'ngs, tithes and varknjs donalths from tho mgmbgrs a8 lantifIed in the accoun1$. whose support t8 grgaty valuad. Othor ar•a# of aourcè of funds are Covenanl Grfi and benk Investrrtht Ir¥JMne. These IL¢nd8 enabl88 the charlty io carry its oblfjab'ons durlng the y89r. Major rl•k• to whlGh the Gharfty b expo••d Ind to mwe thojo rf•k# Flnan¢lal The Gharrty is open to the u8ual financial rok• of any rAgonwknon. and the charty hès inlr¢<tUC8d Controls lo minimise these risks. such as trwo $ignaturo being raquired for payments from th8 bank 4ccount, an appointed doaconlp8Stor of th• church is rnquir8d ¢0 4uth0ri88 payments for purGhax8 and alio th8 account8 are re9ubrfy explain•d lo m•mbero of the Gharlty and are open for m•mtr•rfg in•p•Gtion al any tlme. Chlldrnn and Vuln•rnble •dults Work wfth children and vulnerable adums are to risk8. The policy 18 that vijitation. Unselling and any work involving ¢hiklren and vulnerabl? adub are done by tralned Fersons who work in pairs. New volunteer3 to the children minislry are recrurted on the basis of Baptist Union'8 policy for thè recrurtm•nt of volunlgern for thildren's mlnlstry Tthkh arn in Ilno V•ith Govornm•nt polw. Statwngnt ol Dlvectorn. and TnMt••• R•sPolb1lltlO1 Charity Law requirès the Board to prepare the financial statement for gach financial year which gives a true and fair view of the 8tst¢ of affairn of the charity as at the eno of tho financial yg8r and the surplu¥ or defiGIt of the tharlty. In preparing tW finandal stat8m&nts. the Board is required to.'- sel8ct suitabl8 accounting polici68 and then appty them Gonsistentty". mAkejudgement• and ¢Jtimates that are reanets ano W¢ent", Slaie wnetner appiie8ble ae¢ounb"ng standards and 3tatewnts of recomm8ndod practice hav8 been followed, subject lo any mat8nal ¢Jepartures discfosed and explained in the financial ststoments.. prepar• the financkql Statements on the going conrn basi5 unlgss It is inapproprth to pre$um6 that the ¢harity will conb.nue in busine$5.
OPEN DOOR BAPTIST CHURCH Financlal Review The TTuslees are also respon8ibk for keeping prcyèr accounting records whkh disclose th reasonablo accuraw at anytime the financfjal position of the chaiity whith is sufficbent to show and explain the eharily's transactions and enable them to ensure that the financial ststements wmpty wf(h the Chafities Act. They are 8150 responsible for safeguarding the assets of the Cfiary atKI Iknce for tsking reasonable steps for the prev8niion and detsdh)n of fraud arKI othèr irregulg1iti8s. The Tru81ee8 are a150 re$FSIble for the contents of the Inths, report. and the responsibilty of the auditors in relation lo the trustees, report is limited to examining the rwrt and ensuring that, on the face of the report, there arn no inconsistencies with the figures disch)strd in the financial stslem8nl6. This raport W88 approved by the Board c* Tru8tees on 31 Augus¢ 2025. Slgngd.. - Namg.,. abatUNl# EmmAnud Cwuh TNBt
Independent Examiners Report on the Flnanclal Ststomont for Open Door Baptht Church For the year •nded S April 2025 Report to the trustees of Open Dcors Baptsst Churth on the $1at&nents lor the year and•d 5 April 2025 as set oul on pages S to 12 The Charity tru¥tees are responsible lor ltte eparati ofts cwnts. The Charty8 trust•e3 ¢on8iderthal an aLbait is not required for ts year lundw s¢(#n 43121 of the Charitie8 kt 1993 (the Act) and that an irKl8p•rKlont axarrinalion l• n••ded. 1118 my respmsibilty to.'- exami the aeeounts (und¥ secon 43 (3) (a) ofh Art. to follLW th8 pro¢edure8 lald in G•nwal Dlr8(lon8 giv•n by tho Ch•rity Commi88ioner8 {uNJer $ction 4317}Ibl of th• Ad: and to Slate whether particular matters have ¢(xn8 to my attention. My examinallon was carri8d out accordan wilh G•nornl Directions 9i¥on by the Cha CIMnmi88Kn•r•. An examinatiortr rndud•# 4 of tho aeeounllng reMrd$ kept by the charfty ond a comparSgon of tho financlal ?tatements preJenl¢d wtth those records It also SnclLtde8 ¢onJid•ration of any unujud hem¥ dlsclosures In thg finaal 8lalements. 4nd s•ekinq explanatlons fmm tha Iru#l898 conc•rrAno any auch m•tt•r•. Th• pro¢•dur8• undgrtaken do nol provtd• all the ev1nc• that would b? T•qulrod in •n aud¢ and conJequenUy I do not •xpr•o8 an audrt opinion on the fln•nd•l statwnerns. In ContIon wlth my 8xamfjr. Th) matter has como to my atten board oflru8ts88 ar• $8ti8fi8(I wllh th• p•rfomMnc• oftho ch•thy durtng th• year •nd th po•ition at 6 April 2025 and GOnder Ihat charty 1$ in a strong p0son to conth'nue ils actlvllies dudng tho comlng y, and Ihat a880ts are ad•quat• to fuffll rt8 obll9ati¢)n8. . Whlch gIveB m• rea8ffsabk ¢ause to bele¥e tr4t in any matonal tO8P*t tho requirèThents. to keep ountiry t•Gord8 in arxthce wlth 4101 thè 1993 Aet.. and COM with th• ac1n1 requlrerrthts of th• Act have not been metr or to whlch, In my opinion. attentth 8hcwkl b• drawn in orfer to ¢nable a proper undor8ianding of the accounts lo be reacw. Slgnad.. Date:_ 31 Awst 2025 Name'.- Solad•x Finarrial SoNi¢e8 Ltd
OPEN DOOR BAPTIST CHURCH Profit and Loss Account for th• yoar ended S Aprll 2025 Unrostriclod RoStrlct8d fund• 2025 Prior Pèriod funds 2024 Total funds 2025 2025 InGomlng Resourc Capltal gr8nt8. legac & donatN)n$ 96.057 437 95.494 81.354 C08t of activitK$ Mana9•ment and admini8lTal•)n T¢)tal ResoLrn¥ ExporKled 72,808 765 73.373 72.608 765 73,373 53,827 620 54.447 N•t In¢omlng R•Kr¢# bgforn tr•n¥l•r 21.684 437 22,121 26,907 Nat Incomlng Re8¢JJrc88 befor• r•v•luatlo & Investment asset dl#po$al• 21,084 437 22,121 26,907 N•1 Movemant In fund• 21.684 437 22.121 TfA•l fund8 broughtftrward 132.969 3.484 529.453 502,548 Tot•1 fund• carrf•d forw•nl 154.653 396,921 551,574 529.453
OPEN DOOR BAPTIST CHURCH Registered number: Balance Sheet a8 at S Aprfl 2025 1134313 2025 2024 Tangible a8sets 481.841 462,247 CuTr•nt •8••ts Debtor8 Caoh al bank and In harrfl e.H1 64,092 70.533 24.771 43.266 68.037 Crndltor•: Amount• hlllng du• wlthln one yr 831 89,733 87,%J6 T¢>tal •u•ts l•M curr•nt Il•bSlltl• 551.574 529,453 Not As••ts 661,574 529,453 Capltal and YM•rv Rostrfettd Fund# Unreslrithd FU1 154,853 398.921 132,969 396.484 661 529.453 The Board of TrU9t ad¢nrwl•dg• th•ir rggponaibtrty for ?n8urin9 the organi¥abon keeps proper a¢oounin9 rt¢ord$ in aGwrdan¢e the requIreMts olTr Charlts•s Act 2TrJ5 as morè fvlly set out under'Trustw' R•wsibllltlo6' in Ihg rewt of the TnJJtee$. The m•mb•r• not r•qulred the &panY to obLln ?rt kn accordan wlth the Charities knt2011. Babatunde Emmanuel Oyetsjnji Dir¢dor Approv8d by the tw)ard on 31 Auty812tr25
OPEN DOOR BAPTIST CHURCH Statement of Changes in Equity for tho year ended 5 April 2025 Profft and loss account Total At 6 Aprll 2023 502,546 502,546 Profft for the financial year 26.907 26.907 Total comprehensive income for the finanaal year 2e.907 26,Ki7 At 5 Aprll 2024 At S Aprll 2024 a• r••tat•d 529.453 529.453 529 453 529,453 At 6 Aprfl 2024 529,453 529,453 Total Comprehensive income for the finanGial year 22,121 22.121 At 5 Aprll 202S 651,574 651,574
OPEN DOOR BAPTIST CHURCH Notes to the Financial Ststsments for the ygar ended S Aprll 2025 1 Ac¢ountlng polle108 Th• Finarrial Statements have been prq)ared 71th the cttarrt Act 1993 and wllh the Finanrial Reporting Standard for Small Enbtses (FRSSEI. arKI all other appli¢blo a¢¢ountin9 st2nd2rdo. &ffactiva Juria 2002, • modi6•d by th• 6tstprTnl of ReGommen¢Jed PraGUGe lor Aecounling and Reporling i88ued by Ihe Charlty Crynmlssioners lor England and Wales. effeth've October 20CK), a¢apte¢ lo meel Ihe red$ ol nteA1 organisations. Financial Statemonts wo prwr•d, on a going ¢one•m b••i¥, und•r th• ct convention. Incomlng R•8ourcè Incomlng ar• aC¢OLWrt foron • ralIabl0 t)a8i#. In accordanco wlth thg $1at•rW of Rocommended PrndiGe for A(¥x)unllng ond R•port4np l¢iuad y the Charty Commissioners for Enaknd & Wal•$ kTrnts, rtt•N•d in advan¢• and •pe¢ifi•d by th• donor $8 relalwig t¢ $ptscffic •GGounlirvJ pgri(th or allemativety Whith are subject to condiUon8 which •T• 111 to bo mot ar• def•rr•d ¢)n •n cwual• tM•l8 to the pwlod to wNch they relale. Su¢h deferrals 4r8 8lwn to tho Sum8 In ar8 included ¢redith in ltr financial slatnts. Stockè Slocka 8r• measurnd al th• of eosl and •WimAlod wlling th1•88 coots lo rwplele and sell. Cgst 18 d¢t•milnod uling the fir81 in Ilrsl oul rrQd. Tho carrying amount of stoc lold is regnISed as an Oynsg in the pwlod in thich the rdated rev•nu• 1$ r8LJ)gnl¢•d. Debto Short lenn debtors are m•a$uTO(l at transaLXton price Iwthi¢h is USLwlly tho invo pric8}. 10#8 gny Impaimient 105$o5 for bad and dcwbrful d•bts. Loan$ and ¢er fin•naal a•$•l8 are initially rfjcoonlsed at tran$getn prie• induding any Ir•n8action co8ts and subsequently m•aSLsf8(l al •morti8ed co81 det•miined u¥irv4 the offe1¥e inlere$l rfftth(Kl. le88 any impaimienl lotsas for bad and doubl1 d•bts. abil8$ arg reco9ni8td on the x(xua13 1)asi• in aGC0rdar whh ntThl accounting principles, mo1 Ythere neCsary in aceordaru writh tho guidanee aiven in the Stal•m8nl of RgcommerthJ Practice for AccL"n9 R•wttTrJ [U£d by the Chaity CommissK)ners for England and Waloo. Chariiable exp8nditur¢ iThlude8 all gxperrtJiiur• diredy related to the charity and Ms•S the following.'_ The ¢061 of aciivibe5 in fifftherar of the charivs obthes reNesents th6 cost of good8 and seryiceg and sncillary tradirrfj Ct3 Ihat have been nrTed charilable aGtsvib"e6.
OPEN DOOR BAPTIST CHURCH Notes lo the Financlal Statsments for the year ended 5 Aprfl 2025 Man8g•ment and administration costs represenl experKIr@ IncwTwJ kn the Manageme of the Charitys a$8et$, orgaTh8a1kJnal admll1Atratn c4)mplian with the charitabk and ststutory rw4ulrements. The charlty'$ operalng Costs inchjye $taff costs, rent and oth8r rekted costs. Suth costs are albcal8d beeen IyFeS of resourc88 èxpended on the ba$1• of •8timate$ madè by the Irustee?. Admlnlstrotive exp•rKlrture Ind #ll e¥peThtur• dlreclty related lo dlrect charilable activty. In ro$pgct of c¥rtain items of wenditLFr6 rt is a matter of judgemènt as to wwher such items Ire direct chartta 8xpendknro w admin18trati¥e. and the trustees have applled what tw con$idor lo be reasonable judgtynent in apportiming suth costs. The Comp•nie• AGt 1985 reqrn• al bekiigty lo Compan to t dgprocialad. However, this requir8m•nt conflicts wth the gen&ralty accepted wntsple s•1 out in SSAP 19 and the overridirwJ wuiremont to a truo gnd Th• Board tsf Tru$t••$ con$id•r8 that becau80 th• prowrty is not held for nMpl10n. but ts Its thtrnent wenfjal. to deprg¢iate it would not gl¥e a and fair VI. and that #llhough thg dHrity 1$ exempt from the full 8ppli¢ats'on of SSAP 19. and h88 not had 8 fomul vofessal ¥alLbat1. ol thè prop•ty. but hai r•li•d on t beyl of the boord ofth8 m•rt•t ¥9. kn crfd•r to corwrv• for the rthJrTtae purpoJeJ of the chahty. If this policy had not been adopw, the thit for thè financlal yoar wouKI have in¢reased by deprechqlion. However. the arrthnt of d8prect canrt Tson9bfy be quanlffild because (Jepfeciallon Is cfflty of many faetorn rOfi8(a in the anN81 lUation and amount to which might oth$nvi8e have $htr4m cnnot bo worat•ly lfied. Flx•d A¥¥•l and D•prnclaOon Th• tanglbl• fix•d a8•ets •r• •tated •t 1 •• dewKlaUon. Depreciation h•$ b••n provkhd al the follolng ram• In ord•rto will• off the a88018 {19 thelr •xp•ctsd v8lu•i over Ih•lr ••twnat•d u8•ful &¥u. A f•gul8r annu r•view of th• h.k•1thN of ao8et impament1s undertaken. The prin¢ipd annu4 rat•s uwj fgr are 89 follcmry.. Land and Buldir 0% p•r amum •traight lino. Offts Equlpment 25% annum •trnight Iln. Flxtur•8. fittfng•. tcKl• •nd •qurwnent Manje 25% per annum stral9ht Iln•. 10% per annum straighl h'ne.
OPEN DOOR BAPTIST CHURCH Notes to thg FinanGlal Ststsments for the year ended 5 April 2025 Capltsl Grdnls Th8 Board of Trust considw8 It, in ¢Jrder to compty with tho SLement of RepJmmendod Practica for Accounting Ind Repyts'ng i8Bued by the Charity Commissioners for England and Wales leffeclNe Octrjber 2000). grants of a capital naiure given foi purposes and ftjlly u113ed in the furtherance of the purp)ses of Ihe tharity shoukl be ¢rodrtèd to Ihe fixèd assets fund aft•r the fvnds have Ixen propety expended on the re$cted purrK)se. related assets 18 shown in the balance sheet 8t the cost of acquigièon or subsequenl valuation. Tho rglgtod 08¥èts ore •ubj•d to rdior by the 9rJnt makiNJ organisallon on thelr u58 and disposal. and the re$trlctlon8 arts rthd In Ihe Ilxe(l ajset s of these a¢¢ounts. The red aJJet trjnd so cr•ated is trgatod 88 a r88trfjc fund. Taxallon A8 a charty, the (Xyanition is oxompt from ino)me and corpornlion tax to the extent that its IrMe and gains ar8 applKabkg to tharitsble purposos onty. Valug Add Tax (VAT) 18 not recoveratye by the organisatK•n. and is therefore iluded In the relevant Costs in the Stalomenl of Flnancral Advthes. Fund• strucV Pollcy The charity malntain$ a ofjn8r•l unrostrlct•d whlth r•pr•wit• fund• which are •Xndable at the di8cr•tKJn of the in furtherance of the s)bJe(A8 of the charfty. Such fvnds may bo held In ord•r to flnanc• both cawkl arnl capltsl R¢smet fijnds hav• b) wowd•d to th• ¢harity for p•trular purposets. and it Is th• Fdicy ofth• tru81oe lo carefulty monitor •pplb¢•t)n of thom In acLxxd•no wtth the restrictlons placed upon Ihgm. Th•r• li no formal the afvxatk)n offurth lo d•lIgna funds. There is no lrymal pollcy tD transfor bgw fvnd8. othwthqn that d08crid under Ihe Capital Gin$ policy above. Any propoKd transfer l)¢een fundJ WOLdd be considw•d on thè parb"cular rcumslanc•$. The detai18 required by the Stalement of R8command•d Practs for tho Accwnting and Reporting Issued by th• Chanty Comm188bner8 for England W4¥• are slthin In fv detslled sthedule to th¢ Staloment of FlnanGI81 Acalvllles on pages........... stsff ¢t• and Emolum•nt• 2023 2024 PAYE & National Insuranco Cont. Pen81on Conlributions 765 620 620 Numbw of full Im8 emplo5$ orfijll tim8 equpialw Th•rg wer• no ¢mployee8 With emoluments in exce33 of£50,OCQ p8r annum. 10
OPEN DOOR BAPTIST CHURCH Notss to the Flnancial Statements for the year ended 5 April 2025 2 Tanglbl• flx•d •oets EquipmènV•. Flxture¥ & Muslcal IAaroe Irotruments ¢hur¢h Total o•1 At 6 Awil 2024 Addth"ons At 5 Aprtl 2025 1,824,919 187.088 21.676 114.393 2.150 2,126,400 23.826 D•prnclatlon At 6 April 2024 Char9e for tsle year At 5 Apnl 2025 1.387.723 186, 2.168 1rya.934 1,864,153 4,232 1,868,385 1.387.723 111,998 N•t book ¥•lu• At S Apnl 2025 At 5 April 2024 437.1 4.459 3 othor D•btor• 2026 2024 Construdon of Manoe H151orfcal Debt 19.506 5.265 8,441 4 Lon• 202S 2024 AnKiunt al 8 2024 Re-P8ymenl 31 1311 11,3371 31 J AGcrua18 and imount• ptyabh Tknln on• ymr Loan credllor8 la9 w notè 41 A¢ccMJntancy fees 31 831 Unrestricte(l RestrKted funds fund 2025 Prior year total fund5 6 Incomlng ReUl¢•I Tcrfal ftmd¥ 2025 Tith•$ Offering An¥Triv8rsary & Thank891n9 Gift aid r8ceiv2b Other donation8 Church building 16,WJ5 13.432 16, 13.432 18.914 14.975 5.515 10.011 30.639 52.823 52.&23 437 437 437 95.494 81.354 11
OPEN DOOR BAPTIST CHURCH Notes to the Financial Statements for the year endod 5 Aprll 2026 Charitable Exp•ndliure- Cost of athllies In 7 fvrtherance of th8 chartV# ob¢¥•0 202S 2024 Manse eenSeS Children & Yolrth Mintsty DepwkqlK)n IAusic & publicty spec H)rn SeThi Membership LBA HonorarSum Telephone, fax & Intem&t RBpair8 & rn8interrirKe Water. gas & 8lectricty In6uranc4 GovemanrA c Social & ent•rtatnrn•nt Prints'ng. p08faqe & 8tstr"onery Water Dispens•r Wlforg donatorn- Memb¢r8 W¢Llr• donats'on8- 8c¢l81 af41 9.845 341 4.232 7,949 896 5,830 2SO 1,947 6,558 2.031 8.9 13,133 6.171 1.149 2.610 5,187 S55 8,071 1,577 1.180 1.740 M•n•g•m•iit•nd admlntsiraiion 2025 Penslon fi)nd8 Priorytsr tgtsr fttnd6 2024 ¢•pltsl & R••wY• ftJnd$ 202 JTrJo 2028 Total 2026 Al 6 April 2024 N•1 rnovgment In fund8 132, 21.&Y 602,546 28.908 22.121 At S Aprfl 2025 154,853 551.574 529.463 g E¥•nt• •ft•rthe r•POO dai Ther• 8re no p)st b41an¢4 Smevents to to Ihe b08ra. 12