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 T￿￿tee5 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 D￿n8 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 satisf￿d 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 w￿rk, •Jmin￿tiye 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•, GO￿rnan￿ 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 obi￿tiVeS 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 n￿mb•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 provis￿5 in Part 15 of tho Companios A¢t 2006 appliGabte to companm subject trj the small regime. Thi8 roport was approved by the t￿Id on 31 August 2025 ano svJneLI on ils behaff. Babgtunde Emmanuel Owunji Dlrector OPEN DOOR BAPTIST CHURCH Financial R8vlew TransaC￿On9 and Financial Posttlon The financial statements are sel out on pages 5 to 7. The finanrAal statements have ken p￿pared implemonting the Statsment of Recommended Practre for Accounting and Rep)rb'ng by CharilEs issued by the Charty CommissK)n for Engiand and Walès {eff￿knV0 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 ACtIvrt￿5 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$. whose support t8 grgaty valuad. Othor ar•a# of aourcè of funds are Covenanl Grfi and benk Investrrtht Ir¥JMne. These IL¢nd8 enabl88 the charlty io carry its oblfjab'ons durlng the y89r. Major rl•k• to whlGh the Gharfty b expo••d Ind to mwe thojo rf•k# Flnan¢lal The Gharrty is open to the u8ual financial rok• of any rAgonwknon. and the charty hès inlr¢tal •u•ts l•M curr•nt Il•bSlltl•* 551.574 529,453 Not As••ts 661,574 529,453 Capltal and YM•rv Rostrfettd Fund# Unreslrithd FU￿1* 154,853 398.921 132,969 396.484 661 529.453 The Board of TrU9t￿ ad¢nrwl•dg• th•ir rggponaibtrty for ?n8urin9 the organi¥abon keeps proper a¢ooun*in9 rt¢ord$ in aGwrdan¢e the requIreM￿ts olTr Charlts•s Act 2TrJ5 as morè fvlly set out under'Trustw' R•wsibllltlo6' in Ihg rewt of the TnJJtee$. The m•mb•r• not r•qulred the &￿panY to obL*ln ￿ ?￿rt kn accordan￿ wlth the Charities knt2011. Babatunde Emmanuel Oyetsjnji Dir¢dor Approv8d by the tw)ard on 31 Auty812tr25 OPEN DOOR BAPTIST CHURCH Statement of Changes in Equity for tho year ended 5 April 2025 Profft and loss account Total At 6 Aprll 2023 502,546 502,546 Profft for the financial year 26.907 26.907 Total comprehensive income for the finanaal year 2e.907 26,Ki7 At 5 Aprll 2024 At S Aprll 2024 a• r••tat•d 529.453 529.453 529 453 529,453 At 6 Aprfl 2024 529,453 529,453 Total Comprehensive income for the finanGial year 22,121 22.121 At 5 Aprll 202S 651,574 651,574 OPEN DOOR BAPTIST CHURCH Notes to the Financial Ststsments for the ygar ended S Aprll 2025 1 Ac¢ountlng polle108 Th• Finarrial Statements have been prq)ared 7*1th the cttarrt￿ Act 1993 and wllh the Finanrial Reporting Standard for Small Enbtses (FRSSEI. arKI all other appli¢*blo a¢¢ountin9 st2nd2rdo. &ffactiva Juria 2002, *• modi6•d by th• 6tstprT￿nl of ReGommen¢Jed PraGUGe lor Aecounling and Reporling i88ued by Ihe Charlty Crynmlssioners lor England and Wales. effeth've October 20CK), a¢apte¢ lo meel Ihe r￿ed$ ol ￿n￿￿￿teA1 organisations. Financial Statemonts wo prwr•d, on a going ¢one•m b••i¥, und•r th• c￿t convention. Incomlng R•8ourcè Incomlng ar• aC¢OLWrt￿ foron • r￿alIabl0 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¢ $ptscffic •GGounlirvJ pgri(th or allemativety Whith are subject to condiUon8 which •T• ￿111 to bo mot ar• def•rr•d ¢)n •n *cwual• tM•l8 to the pwlod to wNch they relale. Su¢h deferrals 4r8 8lwn to tho Sum8 In￿￿ ar8 included ¢redith in ltr￿ financial slat￿￿nts. Stockè Slocka 8r• measurnd al th• of eosl and •WimAlod wlling th1•88 coots lo rwplele and sell. Cgst 18 d¢t•milnod uling the fir81 in Ilrsl oul rr￿Qd. Tho carrying amount of stoc* lold is re￿gnISed as an Oynsg in the pwlod in *thich the rdated rev•nu• 1$ 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•$•l8 are initially rfjcoonlsed at tran$get￿n prie• induding any Ir•n8action co8ts and subsequently m•aSLsf8(l al •morti8ed co81 det•miined u¥irv4 the offe￿1¥e inlere$l rfftth(Kl. le88 any impaimienl lotsas for bad and doubl￿1 d•bts. abil￿8$ arg reco9ni8td on the x(xua13 1)asi• in aGC0rdar￿ whh ntThl accounting principles, mo￿￿1*￿ Ythere neC￿sary in aceordaru writh tho guidanee aiven in the Stal•m8nl of RgcommerthJ Practice for Acc￿L￿"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 ￿M￿s•S the following.'_ The ¢061 of aciivibe5 in fifftherar￿ of the charivs obthes reNesents th6 cost of good8 and seryiceg and sncillary tradirrfj C￿t3 Ihat have been ￿n￿rTed ￿ 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 experKI￿r@ IncwTwJ kn the Manageme￿ of the Charitys a$8et$, orgaTh8a1kJnal admll1Atrat￿n c4)mplian￿ with the charitabk and ststutory rw4ulrements. The charlty'$ operalng Costs inchjye $taff costs, rent and oth8r rekted costs. Suth costs are albcal8d be￿een IyFeS of resourc88 èxpended on the ba$1• of •8timate$ madè by the Irustee?. Admlnlstrotive exp•rKlrture Ind￿ #ll e¥peTh*tur• 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 req￿rn• 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$id•r8 that becau80 th• prowrty is not held for ￿n￿Mpl10n. but ts Its th￿trnent wenfjal. to deprg¢iate it would not gl¥e a and fair VI￿. and that #llhough thg dHrity 1$ exempt from the full 8ppli¢ats'on of SSAP 19. and h88 not had 8 fomul vofess￿al ¥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 rthJrTta￿e 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 d8prec*t** canr￿t T￿son9bfy be quanlffild because (Jepfeciallon Is cfflty of many faetorn rOfi8(a￿ in the anN81 ￿lUation and amount to which might oth$nvi8e have $htr4m c*nnot bo worat•ly ￿lfied. Flx•d A¥¥•l and D•prnclaOon Th• tanglbl• fix•d a8•ets •r• •tated •t ￿*1 ￿•• dewKlaUon. Depreciation h•$ b••n provkhd al the follo*lng 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 impa*ment1s 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•. tcK*l• •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 I￿￿t, in ¢Jrder to compty with tho SL*ement 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 u11￿3ed 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$￿cted purrK)se. related assets 18 shown in the balance sheet 8t the cost of acquigièon or subsequenl valuation. Tho rglgtod 08¥èts ore •ubj•d to r￿dior￿ by the 9rJnt makiNJ organisallon on thelr u58 and disposal. and th￿e re$trlctlon8 arts rthd In Ihe Ilxe(l ajset s￿￿ of these a¢¢ounts. The r￿ed aJJet trjnd so cr•ated is trgatod 88 a r88trfjc￿ fund. Taxallon A8 a charty, the (Xyani￿tion is oxompt from ino)me and corpornlion tax to the extent that its Ir￿Me and gains ar8 applKabkg to tharitsble purposos onty. Valug Ad￿d Tax (VAT) 18 not recoveratye by the organisatK•n. and is therefore i￿luded In the relevant Costs in the Stalomenl of Flnancral Advthes. Fund• struc￿V* Pollcy The charity malntain$ a ofjn8r•l unrostrlct•d whlth r•pr•wit• fund• which are •X￿ndable 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 d08cri￿d under Ihe Capital G*in$ 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 Lo*n• 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 Re￿Ul¢•I Tcrfal ftmd¥ 2025 Tith•$ Offering An¥Triv8rsary & Thank891￿n9 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 e￿enSeS 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 W*lforg donatorn- Memb¢r8 W¢Ll*r• 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•PO￿￿O dai Ther• 8re no p)st b41an¢4 Smevents to to Ihe b08ra. 12