Charity reglstratlon number: 1160706 Open Doors Network Annual Report and Financial Statements for the Year Ended 31 August 2025 Field Sulllvan Lirnited 9 Hare & Billet RDad Blackheath London SE3 ORB
Open Doors Network Contents (contlnued) Reference and Administrative Details Trustees, Report 2to6 Independent Examlner's Report 7t08 Statement of Flnancial Actlvities Balae Sheet io Notes to the FlnancTal Statements Ilto21
Open Doors Network Reference and Adminlstratlve Detalls Trustees Rlthard Berklev Antony Darnell Kathryn Green David Kin8 Stephen Mcvelgh Victoria R055 Philip Watson Merja-Lii5a Wickham Joseph Robinson fjraham Johnston Charfty Re81StraOn Number 1160706 Prln¢lpal Office The Old Ambulance Statlon Speldhur5t Road Tunbridge Wells Kent T4 OJA Independeni Examlner Field Sullivan Limited 9 Hare & Bi11gt Road Blackheath London SE3 ORB Pa8e I
Open Doors Network Trustees, Report The trustees present their report and accounts for the year ended 31 August 2025. The charfty operates a Chrlstian Church under the name of New Life Chuffh. The accounts have been prepared in accordance with the accounting policie5 set out in note I to the accounts and comply with the charlty's constitutlon, the Charlties Act 2011 and 'Accounting and Reporting by Chariti&%: statement of Recommended Practice appllcable to tharities preparing their accounts In accordan wlth the Financial Reporting Standard applicable In the LIK and Republic of Ireland IFRS 1021" (effective from l January 2019) Objective5 and actlvltles The obJectlve5 of the Charity Incorporated Organisation ICIOI are for the publlc beneflt to advan the Christian faith in accordance wlth the Ethos Statement of New Llfe Church in Tunbrldge We115 and such other part5 of the UK and the world as the charlty trustees may from time to time decide. The eth05 5tstement1s to be found in the const6tution of the CIO. New Llfe Church exlsts to commlt Itself to serve the Gospd of Jesus Chrlst throuBh member5, Indlvldual Ilfestyle, through d15ciple5hlp group5 and through act6vities, much of them at the Church Centre. The activities include: meeting In Llfe Broups to sharei pray and encourage one another,. wor5hipplng together and beSn8 taught from the Bible; sharlng about Jesus With our colleagues, nel8hbour5 and frlends; contributln8 financially to those In Christlan ministry; taking part In various Church-based enterprlses to draw in unchurched people to hear the Gospel. and In varlous ways seNln8 those in need. The Church operates primarlly, but not exclusively, within the Tunbrld8e Wells area. Durln8 the report period, the Church employed two fvll-tlme pastors Davld Kln8 and Stsve McVei8h. The church also employed Kate Green as Treasurer In a part tlme role, and three other employees who Clr part tlme admlnlstratlon, cleanin8 and buildings facllltles manager. The trustees have detemiined to keep the activities undertaken under review in ¢on5iderlng the Charlty Commission's guidance on public benefit. and, In particular, the specific 8uldance on charlties for the advancement of religion. The charity undertake5 a number of activities In order to achleve these objective5 and is comrnitted to ensuring that these aLtivities are open to all Sn the communltie5 local to the church fellowship. A large amount of the work of the Church is carried out by Indlvidual member5 in their work and home sItLtiOnS. living out their Christi?n faith by word and deed. Muth 15 done private without recognilion. and the hours and value of that time cannot be quantified. Achlevements and perfomi?n¢e Durin8 thls last flnanclal year, we Saw our Sunday morning meetlngs continue to be well attended in person and our live stream continue5 whlch Is now an ongoln8 feature of a Sunday mornln8, we saw re8ular viewer5 able to join us. if not In person. We have continued to see an increase in attendance, of vlsitors belng welcomed on a regular basls, and have been greatly encouraged with new famllles and individuals jolnlng our fellowshlp, partlcularly with many different natlonallties. We were able to celebrate an 'lnternational Sunda wlth a plethora of cultures and languages amongst US. Page 2
Open Doors Network Trustees. Report (contlnued) The Gatehouse as an expression of New Ufe Church at the old Calvary Church buildlng in central Tunbrld8e We115, was subject to flooding In February 20213nd much of the bulldln8 wa5 damaged. We were delighted to be able to complete the renovations In the later half of the last flnancial year and have been able to make use of this space once again. We have seen a weekly probation 8roup make use of thls. and monthly prayer and wor5hlp nlghts seeing many gathered for a powerful envisioning tlme together. Plans are In full flow for a new group helping those In our community battling mental issues and a Tunbrldge Wells Churches week of prayer event to take place in the next financial year. All this is happenln& whilst we continue to further develop ideas on the best use of the bulldln8. Lunch & Chat takes place monthly where we see members of the thUh and communtty meet for lunch. and Coffee and Chat happen5 weekly to encourage conslstenLy and community. Numbers in both these settings have seen Increase through the last year and provlde a highllsht of connettlon for many In thelr wee We We welcomed two students who were resident with us toking a course called ID Ilntentional Discipleshlpl duTlng which time they served the church during the year withlD the various mini5trles and tl)Dk part In regional trainin8 session5 to further thelr theolo8lcal study. welcomed two students who were resldent wlth us takin8 a course called ID Ilntentlonal Dlscipleshlpl during which time they served the church during the year within the varlous ministrles and took part In regional tralnln8 sessions to further thelr theologlcal study. We welcowe welcomed two students who were resident wlth us taklng a ¢our5e called ID Ilntentional Dlsclpleship) durlng whlch tlme they served the church during the year wlthln the varlous mlnlstries ènd took part in reglonal tralnlng sessions to further their theologlcal studymed two students who were resldent with us takln6 a course called ID Ilntentional Dlsclpleship) during whi¢h time they served the church during the year wbrhln the variou5 minlstrles and took part in re8ional tralnin8 sessions to further thelr theological study Legacy Youth at New Llfe enjoyed bl-weekty gathering5 and social events and hzs contlnued to see zrowth ¢)ver thls year. We have been able to welcome some new tearn leaders In the last year allowin8 US to serve the increasln8 youth work well. LeEary Youth attended Newday. a large4cale youth event to bulld on and further their falth, wlth thousands of young people gathering to worshlp and hear teachlng and enjoyed camplng tO8ether In Norwlch Show8round In August. This proved to be a very significant time for many of our young people. We welcomed two studer)ts who were resident wlth us taklng a course talled ID Ilntentlonal Discipleshlpl during which time they served the church during the year within the various mlnistrie5 and took part in regional training ses5ion5 to further their theological study. Sozo, a Minis for restoring relationships With God, continues to be popular and effertive bearlng gilod fruit. It served mainly, though not exclusively those outside of New Life Church from other congre8atlOf15 around the UK where this ministry 15 known and has become popular and sought after. Withln the children's work, we have seen a significant Increase of chlldren In the church on a Sunday morning who belon8 to a group called Explorer5 (Age &ll) and Dlscovers (Age 3-51. Alongside these groups we contlnue to run a creche on a Sunday mornlng catering for the under 3.5 In the church. During the year 35 Part of the children's work. we have been able to continue to run a successful Easter Holiday dub following the sUcS of last year, whlch took place over 3 momings. The theme wa5 ASK Seek, Knock and we unpacked different bible storle5 a5 we lead up to the Easter Story on the final morning and all involvlng games, craft and teathln85. There wa5 approxlmately 25 chlldren of prlmary school age who attended this from the local cornmunlty. Pa8e 3
Open Doors Network TNstees' Report (continued) Ufe Groups now meet 3 weeks out of 4 for fellowshlp. prayer, blble study• and mutual encouragement. We have been able to place new members in these Llfe Groups and have seen 8rowth here. We have also started Llfe Group purely for new member5 and those who have come froffl our Apha course whlch is a doorway to other groups. We continue to hold a famlly rneetln8 on the 2nd week of the month to 8ather the church altogether midweek. E4f5 ITriplets} have been on8olng and well recelved to encourage further growth in the of distipleshlp. These more personal Broups meet a minimum of once a month to help sharpen and encourage one anotheras dlsclples of Christ. It contlnue5 to be very encouragin8 as more trlplets are formed. During the last financlal year, we rèn 3 very succe55ful alpha courses for all those w15hiDE to explore the Chrlstian faith. We had between 5-8 8uests on ea¢h course. The Alpha prayer team contlnued to support each course wSth approxlmately 20 members praylng on a weekly basis, We have seen success wlth people on the course feelin8 welcome6, encoura8ed, and 5UPPOrted. Some of whom wlll be baptised and added to our famlly. Duri the last financlal year, we b3ptlsed four young men who have all come through the youth work at New Life Church. AIon8side this we have seen much fruit from our alpha courses and plans are formlng for several of our alpha guests to 8et baptlsed In the next financial year. We have been able to continue our early moming prayer meetlng on zoom. We have an èverage of 10.12 jolnlng together on a Tuesday, Wednesday and Thursday moming for 30 mlnutes of prayer at the stsrt of the day. This alongside prayer nighys and our re8ular (three times a yearl week of prayer & fastlng have been a signlllcant Source of encour3gement thls year. All of these wlll contlnue through the next financlal year. Durlng thls finan¢lal year Davld Klng has been away for 9 months to help lead and strengthen è church in Lowestoft alongside his wrfe Trlsha, so he was not dlrertly involved in any mission trlps or prayer trips that had been takin8 place in former year5. However, we were also able to send teams on a prayer and m155ion trlps to a church in Aydin, Turkey and Lowestoft where our aim wa5 to bless and encourage them 35 ¥ team from New Lrfe Church. We have agaln hosted the RfrA LEAD Tralnlng '818 Weekend, over the February half temi weekend,. we welcomed all 100 leadershlp tralnln8 Students to our building for 3 days of tralnlng and had a wonderful Sunday rnornlng as theyjolned our regular morning servlce. Thls will be repeated in the next flnancial year. We continued to hlre of parts of the Church Centre to various outslde groups whlch not only raised finance for the church but has led to greater community awareness and evangellstk opportunltv. At the end of the financial year. we felt 5tron8ly lo employ a Family and Community Outreach worker, Allce Luke, who will be workin8 wlthin the community to draw people into the church, show compassion and help those in need. New mlnistrie5 have potential to be started here which we look forward to in the Dext flnancial year. There contlnues to be town-wide involvement wlthin New Llfe Church In mlnistries such as Street Pastors and Debt Advlce, alongslde our relatlonshlp belng built with Chrlst Churth, Southborough through our Children's work and with the new Family and Communlty Outreath worker in the aim to unite in the churches and surroundlng communlty. Pa8e 4
Open Doors Netwo Trustees, Report (contlnued) Fh¢181 rewlew The trustees report a deficit for the year of 28,40512024- 27,829) on unrestricted funds Includlng deslgnated funds and depreciation but before transfers. All of the churth assets were employed in pursuing the charitsble objects of the church. More detslled information 15 set out on the following pages. It Is the policy of the charlty that unrestricted funds whlch have not been included a5 fixed assets should be maintained at a level equivalent to between three and six months, expenditure excluding depreciation. The trustees COnder that reserves at thi5 level will ensure that. In the event of a signlficant drop in fundin& they wlll be able to continue the charity's current activities while consideration is given to ways in which additional fund5 may be raised. Three months, Beneral fijnd expenditure, excluding depreciation, amovnted to appToxlmatety 75.000 and unrestricted reseNes excluding de51gnated funds held as current assets and liabilities at the end of the year were 116,420. The trustees have as5e55ed the major rlsks to whlch the charlty is exposed, and a satlsfied that systems are in place to miti8ate exposure to the major rlsk5. Stru¢tureo governance and man4ement The charlty was e5tobllshed a5 3 Charltable Incorporated Organlsation I'CIO") on 2 March 2015 The trustee5 who served durlng the year and up to the dale of Signature of the financlal statements were: Rlchard Berklay Antony Darnell Kathryn Green Graham Johnston Davld Klng Stephen Mevelgh J05peh Robln50n Victorla Ross Phlllp Watson Meria-Llisa Wickharn In selecting individuals for appointment as charity trustees. the charlty trustees must have regard to the Skills. knowledge and experience needed for the effectlve adminlstration of the CIO. Apart from the first charFty trustee5. unless the charity trustees decide otherwise every trustee must be appointed for a term of two year5 by a re501ution passed at a properly convened meeting of the charity trustees. New Trustees would be chosen from amongst Church members of integrity and leader5hlp ability and who also share the same values and Vlslon. On being appointed, new Trustees will work alongside exlsting Trustees to gain an understanding of the role that they have undertaken. Elders are appolnted by existlng Elders. Flve elders. Davld King (pastor). Steve Mcveigh Ipastor). Rlchard Berkley, Tony Darnell and Graham Johnston comprlse the leadership team. The Leadershlp Team share5 the re5ponslbility for leadership and day-to-day mana8ement of the Church, and appoints and support5 Others In the leadership of di5clpleship groups, mlnlstry teams, etc. Page 5
Open Doors Network Trurtees. Report (contlnued) Open Door5 Network operates as New Life Church and Is assoclated with Relational Mlsslon part of Newfrontlers and 15 a member of the Evangellcal Alliance. It Is also activety involved In the Tunbrldge Wells Fellowshlp of Evangellcals and Churches Together for Tunbrid8e Wells. None of these bodies has any mntrol over the operation of the Church or it5 financlal affalrs. Statement of Trustees, Responslblllties The trustees are responslble for preparing the trustees, report and the financial statements In accordance wlth the United Kln8dom Accounting Standards (United Kln8dom Generally Accepted Accountin8 Practi) and appllcable law and regulatlons. The law applicable to charltle5 requlres the trustees to prepare financlal statements for each financhal year which 8ive a true and falr vlew of the slate of affalrs of the charlty and of the Incoming resour$ and applltatlon of resources of the charlty for that period. In preparlng these flnanclal statements, the trustees are required to: select suitsble accountin8 policies and then apply them tonslstentlw, • observe the rnethods and prlnclples In the Charitles SORP; make jud8ements and estimates that a reasonable and prudent. stste whether appllcable a¢countln8 standards have been followed, subje¢t to any material departures dtsclosed and explalned In the flnancial statements; and Prepa the finan¢lal statements on the a0Sng cOnrn basis unless It Is Inappropriate to presume that the charity will contlnue in buslness. The trustees are responsible for keeping proper accountlng rewrds that dlsclose with reasonable accuracy at any time the financlal position of the charlty and enable them to ensure that the financlal statements comply wlth the Charitles Act 2011, the Charities (Accounts and Reports) Regulatlons 2008, and the provislons of the con5tltutlon. The trustees are also re5ponslble for safeguarding the asset5 of the tharlty and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other Irregularltles. The trustees are responsible for the malnten?nce and Inte8rity of the corp¢rate and financlal Information Included on the charltsble company's webslte. Legislation governing the preparatlon and d15semlnation of finan¢lal statements may differ from legislation In otherjurlsdlctlons. The annual report wa5 approved by the trustees of the tharity on . and 51¥ned on Its behalf by: Philipwatson Trustee Page 6
Open Doors Network Independent Examlner's Report to the trustees of Open Doors Network I report to the charity trustees on my examlnation of the accounts of the charlty for the year ended 31 August 2025 which comprlse the Statement of Flnancial Actlvltles. the Balance Sheet and related notes, This report Is made 501ely to the charivs trustees, as a body. in accordantr wlth sectlon 145 of the Charities Act 2011. My work ha5 been undertaken so that I might State to the charltvs trustees those matter5 1 am required to state to them in th15 report and for no other purpose. To the fullest extent perrnitted by law. I do not accept or assume responslbllity to anyone other than the charity and the charitVs trustees as a body, for my work. for this report, or for the oplnlons I have formed. Responslbllltles and basls of report As the charity trustees of Open Doors Network you are responsible for the preparation of the accounts in accordan with the requirements of the Charlties Act 20111'the ACVI. I report in respert of my exarnlnalion of the Open Door5 Network'5 accounts carried out under section 145 of the 2011 Act and in carrylng out my examlnation I have followed all the applicable Dlre¢tion5 glven by the Charity Commission under sectlon 1451511bl of the Act. An independent examination does fK>t invobie gathering all the evidence that would be required In an audit and wnsequently does not eover all the matters that an audltor conslders in givlng thelr oplnion on the financial statements. Thé planning and conduct of an audit goes beyond the Ilmited assurance that an Independent examinatlon can provldè. Consequently l express no oplnlon as to whether the flnanclal statements present a 'true and falrf vlew and my pOrt Is limlted to those 5peciftc matters set out In the independent examinerfs statement. Independent examIne$ ststement Slnce Open Doors Network's 8ross InMe exceeded £250,OCKI your examlner Must be a member of a body listed In section 145 Df the 2011 Act. I conflrm that l am quallfled to undertake the examlnatlon because l am member af ICAEW, whlch Is one of the Ilsted bodles. I have completed my examination. I ionfirm that no materlal matters have come to my attention in connection with the examinaticn Biving me cause to belleve that In any material re5pect- l. accounting records were not kept In respect of Open Doors Network as required by seciion 130 of the Act; or 2. the financial statements do not accord with those record5. or 3. the financlal ststements do not ¢omply wlth the accountlng requlrements concernin8 the form and content of accounts set out ln the Charitles (Accounts and Reports) Regulations 2008 other than any requirement that the accounts Elve a 'true and fair view, which is not a matter considered as part of an ndependent examinatlon. I have no concerns and have corne acros5 no other matter5 In conne¢tion with the examination to which attention should be drawn In thls report Sn order to enable a proper understanding of the account5 to be reached. Page 7
Open Doors Neiwork Independent Examiner's Report to the trustees of Open Doors Network Icontlnued) TIM Sulllvan FCA Field Sullivan Llmited g Hare & Billet Road Blackheath London SE3 ORB Page 8
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Open Doors Network {Registfatlon number. 1160706) Balance Sheet as at 31 August 2025 2025 2024 Nol• Flxed assets Tangible assets 14 1,066,056 1,071.239 Current asseis Debtors Cash at bank and In hand 15 14,874 137.532 19,263 143,199 152,406 162,462 Credltor$: Amounts fallln8 due wfthln one year 16 15,143) (5,1911 Net current ass•ls 147,263 157.271 Net assets 1,213,319 1.228,510 Funds of ihe charlty: Restricted Incorne tunds Restrlcted funds 22,938 9,724 Unrestrlrted incorne funds Unrestricted funds 1,190,381 1,218.786 Totsl funds 19 1,213,319 1,228,510 nclal 51atements on pages 9 to 21 were approved by the trustee5. and authorfsed for issue on 6. andsigned on their behalf by: Philip Watson Trustee The notes on pages 11 to 21 fom an Integral part of these financial statements. Page 10
Open Doors Network Notes to the Flnanclal Statement5 for the Year Ended 31 August 2025 I Charlty ststus The charlty Is domiciled In En8land and Wales. The address of its re8lster•d Offi is: The Old Ambulance Station Speldhurst Road Tunbridge Wells T4 OJA 2 A¢muntlng pollcles ststement of compliance The financial statements have been prepared In accordance with Accountlng and Reporting by Charltles: Statement of Recommended Practice appllcable to charities preparlDE their accounts In accordance wlth the Finandal Reportlng Standard appllcable in the UK and Republlc af Ireland IFRS 1021 (effective l January 2019)- (charities SORP IFRS 1021 Second edition October 2019), the Financial Reportln8 Standard applicable In the UK and Republ1¢ of Ireland {FRS 1021. They a150 comply with the Companles Act 2006 and Charlties Act 2011. Basls of preparatlon Open Doors Network meets the deflnltlon of a publSc benefit entlty under FRS 102. The accounts Iflnanclal ststements) have been prepared under the historlcal cost conventlon wlth Items reco8n15ed at C05t or transactlon value unless otherwlse stated in the relevant notels) to these 8ccount5. Golng con¢ern The trustees tonslder that there are no material uncertaintles about the charlty's ability to continue as a going concern. Judgements and key sources of estimatiDn uncertalnty In the appllcation of the charitV5 ?CCOLJnting poliaes. the tru5tee5 are required to rnake judgements. estimate5 and assumptlDns about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated a55umptions are based on historlcal experience and other factors thèt are considered to be leVant. Artual results may differ from these e5timate5. The estimates and underlyin8 a55umptions are reviewed on an ongolng basls. Revisions to accounting estimates are reco8nised in the periods in which the estimate 15 revised where revisions affects only that period. or in the period of the revision and future period5 where the revisions afferts both current and future periods. Income and endowments Voluntary Income Including donatlons. g1ft5, legacles and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it 15 probable that the Income wlll be received and the amount c?n be measured with sufficient rellability. Pa8e 11
Open Doors Network Notes to the Flnancial Statements for the Year Ended 31 August 2025 (contlnued) Donqtlons ondleqodes Donatlons and legacies are recogni5ed on a receivable basss when receipt Is probable ènd the amount can be reliably measured. Investment Income DNidends are recogni5ed once the dwidend has been declared and notiflcatlon ha5 been received of the dwidend due. Expendlture All expenditure is recognised once there is a legal or construttive obliBatlon to that expenditure. it is probable settlement is required and the arnount can be measured reliably. All costs are allocated to the appllcable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. with central staff costs allocated on the basls of tlme spent, and depreclatlon char8es allocated on the portion of the a55et's use. Other support Costs are allocated based on the spread of staff costs. Charknble artlvltles Charftsble expenditure ctsmprlses those Costs incurred by the charlty in the dellvery of Its actlirytie5 and service5 for its beneficlarles. It Includes both costs that can be allocated dlrecily to such activities and those Costs of an Indlrert nature necessary to support them. Gmntprovlslons Prov151ons for grants are made when the Intentlon to make a grdnt has been communlcated to the reclplent bur there Is uncertainty about elther the timing of the grant or the amount of grant payable. Support costs Support costs include central functions and have been allocated to activity Cost categories on a basis consistent with the use of resour5, for example, allocating property costs by floor area5, or per capfta, staff Costs by the time spent and other costs by their usage. Taxatlon The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definltlon of a charitable company for UK corporation tax purposes. Accordingly. the charity is potentially exempt from tsxation in respect of income or capitsl gains received within categories covered by Chapter 3 Part 11 of the CorporatiOD Tax Act 2010 or Section 256 of the Taxatlon of Chargeable Gains Act 1992, to the extent that such income or gain5 are applied exclusively to charitable purposes. T4n8lble fixed assets Indivldual fixed a55ets costlng £400 or rn0 are initially recorded at C05t, less any subsequent accumulated depreciatlon and subsequent accumulated impalrment10sses. Page 12
Open Doors Network Notes to the Finandal Statements for the Year Ended 31 Au8USt 2025 (contlnued) Depr¢clatlon and amortlsation Depredation 55 provided on tanglble fixed assets so as to write off the cost or valuation, less any estlmated resldual value, over their experted useful economlc Ilfe as follows: Asset class Freehold land & buildlnBS Fixtures & flttln8S DePrlatIon method and rate 50 years {bulldin8 only) 25% straight Ilne Trade delrtors Trade debtors are amounts due from customers for merchandlse sold or serViS performed In the ordlnary course of buslness. Trade debtors are reco8ni5ed initlally at the tran5artlon price, They are subsequentfy measured at amortised cost 115in8 the effective interest method, less provision for impalrment. A provlslon for the Impairment of trade debtors Is established when there is obje¢tNe evlden¢e that the charily wlll not be able to collect all amounts due accordln8 to the orl8lnal tern of the recelvable5. CJsh and cash equlvalents Cash and cash equivalents comprlse cash on hand and call deposlts, and other short-term highly Ilquld Investments that are readlly convertible to a known amount of cash and are subjert to an inslgnlficant risk of change in value. Fund strurture Unrestricted Income funds are general funds ihat are available for use at the trustees discretion In furtherance of the objectives of the charity. Desl8nated funds are unrestrirted lunds Set aslde for speclfic purposes at the discretlon of the trustees. Restricted incomè funds are those donated for use In a particular aa or for specifjc purpose5. the use of which is restricted to that area or purpose. Flnan¢ial Instruments osslfi¢atlon Financlal asset5 and financial liabllltles are recognised when the charity becomes a party to the contractual provisions of the instrument. Finandal liabilities and equity in5trument5 are dasslfied according to the substance of the tonttartual arrangements entered Into. An equity Instrument is any contrart that evidences a residual interest In the assets of the charlty after deductln8 all of its liabllltles. Falr value noSUreMent The best evidence of falr value is a quoted prlce for an identiol asset in an active market. When quoted prlos are unavallable. the prlce of a recent transaction for an identlcal asset provides eVIden of fair value as long as there has not been a 518nificant change in economlc circumstances or a significant lapse of time Sin the transaction took place. If the market 15 not actlve and recent transactions of an identlcal asset on their own are not a sood estimate of fair value, the falr v4lue is estlmated by using a valuation technique. Page 13
Open Doors Network Notes to the Financlal Statements for the Year Ended 31 August 20Z5 (continued) 3 In¢ome from donths and legacles Total 2025 Total 2024 Donatlon5 and le8acies,' t)onations from individuals Glft ald reclalmed 284,907 53,611 299.116 54,215 338,518 353,331 4 Income from charftable artlvllles Total 2025 Total 2024 Charitsble artivitie5 and events Rental Income 8.079 16,962 25.693 17rt73 25,041 43,166 5 Investment Income Total 2025 Total 2024 Interest recelvable and similar income; Interest recelvable on bank deposits 2,018 1.563 6 Other Incorno Total 2025 TDlal 2024 Insurance clalm 94,308 Page 14
Open Doors Network Notes to the Flnancial Statements for the Year Ended 31 AUgt 2025 Icontinued) 7 Expendlture on ¢harftable actlvltles Total 2025 Total 2024 Nole stsff trainln8 and conferences Utllltles and Insurance Repalrs and renewals Other church mlnlstry and event5 Depreclatlon Vtsltln8 speakers Youth and childrens artlvfties Evan8eli5m and outreach Other thurch costs Pastoral and staff expenses Grant fvndln8 of actlvldes stsff costs Support costs 4.730 24A82 54572 5.647 22,752 450 6,306 19.754 189.184 26.959 I99 10.098 17,223 5,364 3,487 49,916 139,964 42,083 10,213 16,084 7,319 4.957 48,395 136,576 36.379 li 380,768 522,475 8 Analysts of governan¢e and 5UPPOrt costs Support costs Total 2025 Total 2024 Staff costs (Profltllloss on disposal of tsngible flxed assets Office expenses Independent examinels fee 8ank charges 30,775 28,435 1417) 5,672 2,412 277 8526 2,508 274 42J)83 36,379 Pa8e 15
Open Doors Network Notes to the Flnantial Ststements for the Year Ended 31 August 2025 Icontlmied) 9 Grnntrymakln8 Analysls of grants Grants to Institytlons 2025 2024 Grants to indlvlduals 2P25 2024 Anatysts Pioneer Misslon Relational Mlsslon People InternatlDnal Fundcja Light House Community Stewardshlp Servlces Evangellcal Pentec05tal Church cf Plu. Croatla Revel8tlon Chur¢h Less than £1,000 Grants to individuals Church ofthe LIn8 God. Ukraine Mayenjane Trust Aydin Church 3,150 6.200 9,(KJO 317 3,150 4.500 2,700 8,100 7,865 5.661 1,350 380 6,497 1,3 295 6.730 1.980 9.077 12,708 6,000 43,186 46,415 6,730 1,980 10 Tntstses Mmun•ratlon and expenses In accordance with provi51ons in the 8overnin8 documenL durln8 the year David King reIved remuneratlon for h15 pastoral seThSces of £59.950 (2024: £58.194) and penslon contrlbutlon5 of £5,99512024: £5191. Stephen Mcveigh received remuneration for his pastoral services of E59,950 12024- £58.1941 and pension contributions of £5,99512024.. £5,819). Kathryn Green reiVed remuneratlDn for her administrative services of £7,13612024: £6,605l and pension contrlbutlons of £71312024; £661). Corlnne Mcveigh received remuneratlon for her adminlstrative services of £581 12024: £nlll and pen51on contributlons of £5812024- £nlll. During the year slx trustees incurred expenses totalllng £6.053 12024: £13,256) for travellin& subsistence, tralning and pastoral expense5 whlch were all incurTed in performance of dutles a5 employees or volunteers for the charlty and not as trustees. Page 16
Open Doors Network Notes to the Flnandal Statements for the Year Ended 31 Au8USt 2025 (contlnued) li Staff ¢osts The a88re83te payroll costs were as follow5: Xi25 2024 Staff costs durfngthe year were: Wages and salaries Social security costs Pension costs 147,876 8.075 14,788 142,238 8.551 14,222 170,739 165.011 The monthly average number of persons (Includlng senior management I leadership team) employed by the charfty durinE the year expressed as full time equivalents was as follows- 2025 2024 Pastoral Admlnlstrative No employee received emoluments of more than £60.000 during the year The total employee benefit5 Of the key mana8ement personnel of the charlty were £139,957 12024 £136,575). 12 Taxallon The charlty is a registered charity and Is therefore exempt from taxatlon. 13 Pen51on ind other s¢heme5 Deflned contrlbutlon schemes The charity oper3te5 a deflned contributlon penslon scheme for all qualifying employees. The assets of the scheme are held separately from those of the charlty In an independently admlnistered fund. The char8e to ststement of financlal actlvlties In respect of defined contributlon schemes was £14,78812024", E14,2221. Page 17
Open Door5 Network Notes to the Flnanclal Ststements lor the Year Ended 31 Auyst 2025 (contlnuedl 14 Tan8lble fixed assels Land and bulldin8S Fumlture and equlpment Totsl At I September 2024 Additions 1,366,418 74,969 17,569 1,441,387 17.569 At 31 Au8USt 2025 1,366,418 92,538 1.458,956 Depreclatlon At I September 2024 Charge for the year 304,698 13,664 6S,450 370,148 At 31 August 2025 318262 74,538 392,900 Net book value At 31 August 2025 1,048x156 18,000 1,066,056 At 31 Au8USt 2024 1,061,720 9,519 1,071,239 15 D¢btors 2025 2024 Prepayments Other debtors 400 14,474 4.278 14,985 14,874 19,263 16 Credltor5: arnounts fallin8 due wlthln one year 2025 Z014 other creditor5 Deferred Income 4.423 720 5.076 115 5,143 5,191 17 Commltment$ Operatlne lease commltment5 The mer8ed charity leases one property, No rental payments are due under the terrns of the lease explrln8 on 22 June 2092. Malntenance and insurance costs remain the re5ponslbility of the charity. Page 18
Open Doors Network Notes to the Flnanclal Statements for the Year Ended 31 Au8USt 20Z51contlnued) 18 Related party tran5artlons Durln8 the year the charity made thE followln8 related party transartlons: During the year donatlons of £110,47112024.. £87,126) were received from trustees and related parties. There was a total of £6,05312024.. £13.2561 of trustees expenses. 19 Funds B8l•ce at I September 2024 £ Incomln8 resour¢e5 Resour¢es expended Balan¢e at 31 Augvst 2025 £ Transfers Unrestrlrted funds 1,212.243 322.183 (348,4901 13,460) 1,182,476 Dlscretionary hardship fund Mlsslon fund 4,672 1,871 11721 {3,0951 13,2671 S,(•0 905 129 4A>OO 6,543 129 4,500 7,905 Total unrestrted funds 1,218.786 322,312 1351,757} IP40 1,190.381 Restricted funds Speclal collections and events Timothy fund Hardship fund Llghthouse community Reillys Ivia Stewardship) Ministy gifts for member5 Good Nel8hbour Mayenjane Trust Foundatlon 630 23,025 123.3771 (709} (328) {2,7001 11.5401 278 4.111 328 3.402 2,700 1,540 4,655 1401 11,0001 4.615 14,693 (50) 15.750 250 (571 13001 9.724 43,265 (29,0111 11,0401 22,938 Total funds 1,228,510 365,577 {380,768} 1,213,319 Page 19
Open Doors Network Notes to the Flnandal Statements for the Year Ended 31 August 20251contlnued) Balante at I September 2023 Balance at 31 August Incomln8 resource$ Resources expended Trinsfeys Unrestrlcted funds 1,156.072 362,796 (302.955) 13.6701 1,212,243 Di5cretlonary hardshlp fund Repalr fund Mis51on fund 4.172 86,026 SOD 4.672 94,708 1180,2491 16,0381 1186,2871 14851 1.871 90,198 98,617 4.015 6,543 Total qmre5trlcted funds 1,246,270 461.413 1489.2421 345 1.218,786 Re5trlcted funds Speclal collectlon5 and events Tlmothy fund Hardship fund Misslon fund Bulldlng fund Reilty's fund Mlnistry 8ifts to members S8S 26A95 {26,8501 630 4,111 828 4,111 328 15001 11,8231 12,3801 11,6801 1,823 2,380 1.680 5,000 (3451 4,655 12,347 30,955 (33.2331 1345) 9,724 Total fynds 1,258.617 492,368 {522.4751 1.228,510 The specific purposes for which the funds are to be applied are as follovts: The Discretionary hardship fund Is maintained to assist persons known to the ¢hur¢h who have financial difficulties and 8rants are made at the dlscretion of the trustees. The repair fund Is maintained to hold monies Set aslde to help wlth future repalrs to church property Special collections and events this relates to a variety of 5peclal collecrlons taken by the church iwbcludlng money raised for the 5UPPOrt ot oversees workers and speclfic events run fmm tirne to tlme by the church. rimothy fund- this is to finance the 5313ry of trainee pastor5. Hardship fund - thls Is maintained to a55i5t persons known to the church who have financial difficulties and grants are made at the discretion of the trustees. Mission fund- used to cover mission trips an(J support of others workin8 In mission5. Reilly'5 fund -15 for the sUPPOrt of church leaders in a church plant in Gdansk, Poland. Mayenjane Trust Foundation -Glft to charitsble organisation via indivldua15 who donate to this trust so that donations catt be gift aided and passed on. Good Neighbour Transferred from closing charity 'Good Nelghbour Network, wEth objectives slmilar. Spending needs to be in line with same objectives Page 20
Open Doors Network Note5 to the Flnanclal Statement5 for the Year Ended 31 August 20251contlnued) Transfers durlng the year.. • Ministry Gifts £40. This was transferred to pay for a chlldren's weekend away for a church member who had financial difflcultles • Good NeS8hbour- Thls amount of £IC(10 was agreed to be transferred annually to unrestricted thurch funds to cover utllltles and use of building foT Lunch and chat group whlch have the same charitable objertives a5 the Good Neighbour charity where the ori8inal donation came from. lThis will be the case every year) Dlscretionary Hardship Fund- It 15 agreed by the trustees to ensure this is topped up to £SOOO ready for the new finan¢lal year. • Mission Fund - Money is transferred from our unrestricted fund to Increase the Mlsslon Fund to allow for Misslon work to be carrled out durlng the year, keeplng It separate from main funds. The transfer makes up a proportlon of our objectlve to glve IO% of our Income away each year. 20 Anatysls d net assets between funds Total funds at 31 August 2025 Unr•strlcted lund$ Generdl Deslgnated Restrlrted funds Tan8ible fixed assets Current assets 1,066,056 121.563 15,143) 1.066,056 152A06 15,143) 7,905 22,938 Current Ilabllltles Total net assets 1,182.476 7,905 22,938 1,213,319 Total funds at 31 AuSt 2024 Unrestricted funds General Designated Restrlrted funds Tansible fixed a55etS Current assets L071,239 146,195 (5.1911 1,071,239 162,462 15,191) 6,543 9,724 Current liabllltles Total net assets 1,212,243 9,724 1.228,510 Page21