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2023-03-31-accounts

REGISTERED COMPANY NUMBER: 08004090 (England and Wales) REGISTERED CHARITY NUMBER: 1147542

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

OPEN DOOR CHURCH (KETTERING)

Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF

OPEN DOOR CHURCH (KETTERING)

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2023

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 14

OPEN DOOR CHURCH (KETTERING)

REPORT OF THE TRUSTEES for the year ended 31 March 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Public benefit

The trustees have regard to the Charity Commission's public benefit guidance.

Volunteers

Approximately 150 hours each week are contributed by volunteers for the successful running of the church and its projects.. Volunteers welcome, steward, provide refreshments and speak at our gatherings. Our large team of Kids workers provide a safe and creative environment for our children to learn in. Volunteers also undertook to maintain contact with the vulnerable in the church who valued the Sunday interaction, so ensuring every member of the community was looked after. Volunteers also look after our building as well as providing support in our office.

Page 1

OPEN DOOR CHURCH (KETTERING)

REPORT OF THE TRUSTEES

for the year ended 31 March 2023

ACHIEVEMENT AND PERFORMANCE Charitable activities

Sunday services

A full year of in person meetings on a Sunday has seen the number attending grow by about a third. A number of speakers both from within the congregation and visitors have kept our teaching fresh and alive. Our worship band continuing to grow in numbers volunteering and in quality.

The church has begun to see growth in numbers across all ages.

Life groups

We have adapted our program to run in three ten-week session over the year. Groups included bible study, Cooking, photography, prayer, political discussion, more traditional home groups and others.

Youth

Our youth group has continued to grow in number under the guidance of our two recently appointed leaders. Meeting both on a Sunday and then a new 15 to 18 year group meeting once a month on a Friday evening. There were also a number of youth socials and a joint service with other local youth groups.

They also raised money to enable thirty-three of them to attend the NEWDAY conference held in August.

Other Events.

We continue to run Oasis a welling being group that provides a safe space both to relax and learn together strategies that help maintain good mental health. This is supported by a number of local residents not only church members.

We were delighted to take part in the winter warmer scheme and although not well supported has enabled us to restart our coffee morning which are slowly growing n numbers coming.

Fellowship fund

The church raises specific funds so that we can provide financial help to members of the church when needed.

Eden centre hirings:

Our hirings have returned but only long standing and existing contracts are taking place. We were delighted to host an annual Christmas dinner on 25th of December for those without either families or homes.

Supporting overseas churches:

Open Door continues to support other churches, especially in Turkey, the middle east and West Africa. This support has been financial but also via internet platforms to offer discipleship and apostolic support.

FINANCIAL REVIEW

Financial position

The church's total income for the year was £163,240 (2022: £145,435). Expenditures increased in the year to £178,369 (2022: £155,346). Net Current Assets have decreased to £21,751 (2022: £27,595).

Reserves policy

The church holds unrestricted and restricted funds. Our overall policy for unrestricted funds is only to increase reserves above a minimum threshold necessary to operate the organisation (not more than 3 months expenditure) or where specific projects are being planned for subsequent years. At the end of this year our free reserves amounted to £11,832 which is below policy at less than 3 months of fixed overhead.

FUTURE PLANS

The Elders and Trustees are now focusing on the future development and growth, considering ways to maintain the income of the charity while being available to the immediate church community and the community at large.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Page 2

OPEN DOOR CHURCH (KETTERING)

REPORT OF THE TRUSTEES for the year ended 31 March 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees and elders

The Church is governed by its responsible individuals, who are appointed according to the Articles of Association. The individuals are closely involved in the church*s operations and held regular meetings during the year.

Elders are recognised by the congregation for the spiritual direction of the church, and these Elders together with other people in leadership were appointed as Trustees when the Church was incorporated. Day to day management is delegated to a team of senior staff and volunteer ministry leaders.

Induction and training of new trustees

Responsible Individuals and Elders are closely involved in the church*s operations prior to appointment and are appointed according to their ability to lead the church and the skills they bring to the post. Existing Responsible Individuals, Elders and new appointees have a good knowledge of the operation of the Church prior to appointment.

Responsible Individuals and Elders are aware of the legal requirements in connection with the charitable company. New appointees are supported in their posts by existing appointees. New appointees are also provided with copies of the Memorandum and Articles of Association, latest financial statements and guidance from the Charity Commission, including the Charity Commission guide 'The Essential Trustee'.

Current trustee responsibilities: Hannah Cockburn - Data Protection Lead, HR Team Member Toby Widdicombe - Health and Safety, Safeguarding Trevor Wilson Odo Akaji - HR Team Member. David Nunn - Chair

We are still exploring how to better share out and specialise the trustees’ areas of responsibility.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

08004090 (England and Wales)

Registered Charity number

1147542

Registered office

Eden Centre 21 Montagu Street Kettering Northamptonshire NN16 8XG

Trustees

H Cockburn A S Horner (resigned 11.10.22) T S Wilson (resigned 18.7.23) O Akaji D Nunn - Chair (appointed 11.10.22) T Widdicombe (appointed 11.10.22)

Independent Examiner

Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF

Page 3

OPEN DOOR CHURCH (KETTERING)

REPORT OF THE TRUSTEES

for the year ended 31 March 2023

REFERENCE AND ADMINISTRATIVE DETAILS Other Responsible Persons

David Nunn - Senior Pastor and Company Secretary Vanessa Knight - Finance Advisors Rob Davey - Jubilee Church, Solihul Paul Johnson - King's Arms Church, Bedford

Approved by order of the board of trustees on 26[th] September 2023 and signed on its behalf by:

David Nunn

........................................................................ D Nunn - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OPEN DOOR CHURCH (KETTERING)

Independent examiner's report to the trustees of Open Door Church (Kettering) ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr Christopher Marsh MAAT The Association of Accounting Technicians

Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF 14/11/2023 Date: .............................................

Page 5

OPEN DOOR CHURCH (KETTERING)

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2023

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
133,642
Investment income
2
18,744
Other income
810
Total
153,196
EXPENDITURE ON
Charitable activities
Advancement of faith
170,882
NET INCOME/(EXPENDITURE)
(17,686)
Transfers between funds
10
5,782
Net movement in funds
(11,904)
RECONCILIATION OF FUNDS
Total funds brought forward
489,396
TOTAL FUNDS CARRIED FORWARD
477,492		 Restricted
funds
£
10,044
-
-
10,044
7,487
2,557
(5,782)
(3,225)
12,398
9,173		 31.3.23
Total
funds
£
143,686
18,744
810
163,240
178,369
(15,129)
-
(15,129)
501,794
486,665		 31.3.22
Total
funds
£
126,877
14,039
4,519
145,435
155,346
(9,911)
-
(9,911)
511,705
501,794

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 6

OPEN DOOR CHURCH (KETTERING)

BALANCE SHEET

31 March 2023

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
7
464,914
CURRENT ASSETS
Debtors
8
3,453
Cash at bank and in hand
14,782
18,235
CREDITORS
Amounts falling due within one year
9
(5,657)
NET CURRENT ASSETS
12,578
TOTAL ASSETS LESS CURRENT
LIABILITIES
477,492
NET ASSETS
477,492
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
9,173
9,173
-
9,173
9,173
9,173		 31.3.23
Total
funds
£
464,914
3,453
23,955
27,408
(5,657)
21,751
486,665
486,665
477,492
9,173
486,665		 31.3.22
Total
funds
£
474,199
3,027
29,832
32,859
(5,264)
27,595
501,794
501,794
489,396
12,398
501,794

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 26th September 2023 and were signed on its behalf by:

David Nunn

............................................. D Nunn - Trustee

The notes form part of these financial statements

Page 7

OPEN DOOR CHURCH (KETTERING)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements and assessment of going concern

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

The financial statements are presented in sterling (£).

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 5% on reducing balance Computer equipment - 25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.

Creditors

Creditors are recognised where then charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 8

OPEN DOOR CHURCH (KETTERING)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2023

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. INVESTMENT INCOME

INVESTMENT INCOME
31.3.23 31.3.22
£ £
Rents received 18,575 14,035
Deposit account interest 169 4
18,744 14,039

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.23 31.3.22
£ £
Depreciation - owned assets 9,285 9,843
Deficit on disposal of fixed assets - 2,892
Independent Examination 1,080 1,080

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Key management

The trustees consider the Key Management to be the Elders.

During the year the Key Management received remuneration of £59,919 gross pay (2022: £58,886), £1,061 employer's NI contribution (2022: £686) and employer's pension contributions of £3,595 (2022: £1,767).

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.23 31.3.22
All Staff 4 4

No employees received emoluments in excess of £60,000.

continued...

Page 9

OPEN DOOR CHURCH (KETTERING)

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023

6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
125,412
Investment income
14,039
Other income
4,519
Total
143,970
EXPENDITURE ON
Charitable activities
Advancement of faith
153,498
NET INCOME/(EXPENDITURE)
(9,528)
Transfers between funds
1,810
Net movement in funds
(7,718)
RECONCILIATION OF FUNDS
Total funds brought forward
497,114
TOTAL FUNDS CARRIED FORWARD
489,396
7.
TANGIBLE FIXED ASSETS
Improvements
Freehold
to
property
property
£
£
COST
At 1 April 2022 and 31 March 2023
323,599
221,692
DEPRECIATION
At 1 April 2022
-
76,959
Charge for year
-
7,946
At 31 March 2023
-
84,905
NET BOOK VALUE
At 31 March 2023
323,599
136,787
At 31 March 2022
323,599
144,733
Restricted
funds
£
1,465
-
-
1,465
1,848
(383)
(1,810)
(2,193)
14,591
12,398
Computer
equipment
£
15,922
10,055
1,339
11,394
4,528
5,867		 Total
funds
£
126,877
14,039
4,519
145,435
155,346
(9,911)
-
(9,911)
511,705
501,794
Totals
£
561,213
87,014
9,285
96,299
464,914
474,199

continued...

Page 10

OPEN DOOR CHURCH (KETTERING)

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
10.
MOVEMENT IN FUNDS
Net
movement
At 1.4.22
in funds
£
£
Unrestricted funds
General fund
15,197
(8,400)
Property Fund
323,599
-
Fixed Asset - non property
150,600
(9,286)
489,396
(17,686)
Restricted funds
Members Hardship Fund
3,491
455
Catalyst Festival & Ministry
5,782
-
The Hub Community Project
2,985
6
Youth Fund - inc Newday
140
(140)
Third Party Gifts
-
2,236
12,398
2,557
TOTAL FUNDS
501,794
(15,129)		 31.3.23
£
1,191
2,262
3,453
31.3.23
£
278
2,770
529
2,080
5,657
Transfers
between
funds
£
5,782
-
-
5,782
-
(5,782)
-
-
-
(5,782)
-		 31.3.22
£
1,539
1,488
3,027
31.3.22
£
-
1,921
513
2,830
5,264
At
31.3.23
£
12,579
323,599
141,314
477,492
3,946
-
2,991
-
2,236
9,173
486,665

continued...

Page 11

OPEN DOOR CHURCH (KETTERING)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2023

10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Fixed Asset - non property
Restricted funds
Members Hardship Fund
The Hub Community Project
Youth Fund - inc Newday
Third Party Gifts
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Property Fund
Fixed Asset - non property
Restricted funds
Members Hardship Fund
Catalyst Festival & Ministry
The Hub Community Project
Youth Fund - inc Newday
TOTAL FUNDS		 At 1.4.21
£
16,600
323,599
156,915
497,114
3,664
5,782
5,145
-
14,591
511,705		 Incoming
resources
£
153,197
(1)
153,196
835
6
6,865
2,338
10,044
163,240
Net
movement
in funds
£
4,196
-
(13,724)
(9,528)
(173)
-
(350)
140
(383)
(9,911)		 Resources
Movement
expended
in funds
£
£
(161,597)
(8,400)
(9,285)
(9,286)
(170,882)
(17,686)
(380)
455
-
6
(7,005)
(140)
(102)
2,236
(7,487)
2,557
(178,369)
(15,129)
Transfers
between
At
funds
31.3.22
£
£
(5,599)
15,197
-
323,599
7,409
150,600
1,810
489,396
-
3,491
-
5,782
(1,810)
2,985
-
140
(1,810)
12,398
-
501,794

continued...

Page 12

OPEN DOOR CHURCH (KETTERING)

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023

10. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Fixed Asset - non property
Restricted funds
Members Hardship Fund
The Hub Community Project
Youth Fund - inc Newday
TOTAL FUNDS		 Incoming
resources
£
143,970
-
143,970
1,290
35
140
1,465
145,435		 Resources
Movement
expended
in funds
£
£
(139,774)
4,196
(13,724)
(13,724)
(153,498)
(9,528)
(1,463)
(173)
(385)
(350)
-
140
(1,848)
(383)
(155,346)
(9,911)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Property Fund
Fixed Asset - non property
Restricted funds
Members Hardship Fund
Catalyst Festival & Ministry
The Hub Community Project
Third Party Gifts
TOTAL FUNDS		 At 1.4.21
£
16,600
323,599
156,915
497,114
3,664
5,782
5,145
-
14,591
511,705		 Net
movement
in funds
£
(4,204)
-
(23,010)
(27,214)
282
-
(344)
2,236
2,174
(25,040)		 Transfers
between
funds
£
183
-
7,409
7,592
-
(5,782)
(1,810)
-
(7,592)
-		 At
31.3.23
£
12,579
323,599
141,314
477,492
3,946
-
2,991
2,236
9,173
486,665

continued...

Page 13

OPEN DOOR CHURCH (KETTERING)

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2023

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Fixed Asset - non property
Restricted funds
Members Hardship Fund
The Hub Community Project
Youth Fund - inc Newday
Third Party Gifts
TOTAL FUNDS		 Incoming
resources
£
297,167
(1)
297,166
2,125
41
7,005
2,338
11,509
308,675		 Resources
Movement
expended
in funds
£
£
(301,371)
(4,204)
(23,009)
(23,010)
(324,380)
(27,214)
(1,843)
282
(385)
(344)
(7,005)
-
(102)
2,236
(9,335)
2,174
(333,715)
(25,040)

Transfers between funds

During the year the remaining balance of the Catalyst Fund was transferred into General Funds. This transfer is to correct historic accounting allocations.

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

Page 14