Charity registration number.. 1166393 Open Door Stoke on Trent Annuul Repurt and FindllLi(Il Stratfflnents for the Year Ended 31 DeLernber 2022
Open Door Stoke on Trent Contents (continued) Reference and Administrative Details Trustees, Report 2to3 Independent Examinees Report Statement of Financial Activities Balance Sheet Notes to the FilncIal State]nents 7t014
Open Door Stoke on Trent Reference and Administrative Details Tru5tee5 Vanessa Renshaw Lisa Tomkinson Roger Wright Lwne Ball Peter Meadows Amy Calvert 1166393 Charity Registration Number Principal Office Spode Works Church Street Sloke on Trenl ST4 IQQ Daryl Denson ACMA VAST The Dudson Centre Hope Street Haiiley Stoke-on-Trent STI 5DD Independent Examiner Page I
Open Door Stoke on Trent Trustees, Report The trustees present the annual report tObTether with the financial statements of the charity for the year ended 31 December 2022. Objectives and activities Objecls aim5 The mission ot Open Door Stoke on Trent Ib to help the hvmtless mure vuliier(Ible in the Stokt on Trent North Stèlffurdshire ed. Open Door Stuk¢ uii Trent'b vibion is that nobudy in Stoke on Trent the suOUnding areu should bTU hun or be huinelesb. PHblie benefit Our drop-in sessions have continued to be as successful and welcoming as ever. As the COVID restrictions lifted we were quick to open up our café style approach, serving our signature hot cooked breakfast as safely as possible. l am happy to say our services are noiv fully open, welcoming all, providing support, advice and the hand ot triendship. These sessionb continue to be donation led and we are grateful 10 all that coniinue to support. L camlot 4Ulte believe that as we move in 10 2023, Open Door Stoke on Trent will be celebrating our tenth anniversary. We have tlourished and grown to the need of what we were called to do, it is a great privilege to lead this organisation. The tStetS confirni that they hal'e complied w'ith the requirejnents of section 17 of the Charities Act 2011 to have diie regard to the public benefit giiidance published by the Charity Con]niission for England and Wales. Achievements and performance As we left 2021, we aitned to concentrate growing our supported accommodation. Apart of our goal is to provide siiitable comfortable accommodation with support to relieve homelessness and help sustain future tenancies alongside fulfilling OL tnission to Love, Feed, Care and Share with an Everyone Welcome attitude. We envisaged that we would t]eed to speculate to accutniilate to enable a successful gro1 in this area. This has reflected in the finat]cial outcoine5 for the year. Hom'ever, by takinb these steps ive have p05ltively acliieved what we set out to do. Diirin¥ the year we Iiave recnjited inore staff and we now have 6 properties with 32 bed space5 deliverinbT a bespoke support seiCe and are contlllulllb to achieN'e bTreat outcomes with our residents. We have now found ourselves in a unique position to continiie to grow and develop our cliarity by delivering a fantastic service. I would also like to tAke this opportunity to expre55 gratitude to our trustees, staff and volunteers right a¢EOS5 the orgTanisdtion for their hard work support over the yedr. EaLli day I bFive thanks to God for the nurturing fruitfulnes5 of our cliarity and the faith to continue the work we do. Financial review Policj, OH reserves Tl)e chaiity aims to l)old reserves to cover the average running costs of the charity for 3 Inonths. The level of unrestricted reserves at the year end is £97,31512021 £73.3491. Structure, governance and management Nature ofgoveriiin% documeNI The charit5, was re¥FlStered 011 6 Apiil 2016. The constitution wa5 adopted on 16 July 2015 a5 amended on 4 April 2016 a5 ainended on 31 December 2020. Page 2
Open Door Stoke on Trent Trnstees. Report (eontinued) New tr5¢¢¢$ are rccrnÈtedand ap1 by th¢ cxi5iting SleeS. Th¢ annual repTrrt W18 2m)rOv by the trustees of the clwity ott....... .. ....... and $igugJ on its bebalf by.. Vanessa Retthw TTUStee Pag¢ 3
Open Door Stoke on Trent Independent Examiner's Report to the trustees of Open Door Stoke on Trent I report to the trustees on my examinatioii of the accounts of Open Door Stoke on Trent for the year ended 31 December 2022. Responsibilitles and basls of report As the charit), trustees of Opeii Door Stoke on Trent you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act,). I report in respect of my exami1tIOn of the Open Door Stoke on Trent's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Direction% given by the Charity Commi%%ion under %ection 145{5)(b) of the Act. Independent examiner 5 Statement Since Open Door Stoke on Trent's OsS income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 201 l Act. I confirm that l am qualified to undertake the examination because l am a member of , which is one of the listed bodies. I have completed my examination. I confirni that no material matters have come to my attention in connection with the examinaiion giving me cause to believe thai in any materi81 respect.. accounting records were not kept in respect of Open Door Stoke on Trent as required by Section 130 of the Act; or 2. the aLLounts do not accord witl) those records.. or 3. the accounts do not Comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. I hai'e no concetlls and ILqve come across no othei Inatters in connectioii witl) the exaniination to which attention should be draHm in this report in order to enable a proper understanding of the accounts to be reached. Daryl Denson ACMA Thc ldsll Ccntre Hop¢ Str¢¢t Hanlcy Stoke-on-Trent STI 5DD Dale-. 2910812023 Page 4
Open Door Stoke on Trent Statement of Financial Aetivities for the Year Ended 31 December 2022 Unrestricted funds Restricted funds Total 2022 Note Income and Endowments from: Donations and legacies Chaiitable activities 8,401 229.357 8.401 258.100 28.743 Ttstal income 237.758 28.743 266.501 Expenditure on: Charitable activitie5 {213.792} {68,492) 1282.2841 Total expenditure {213,792} {68,492 1282.284 Net incomel(expenditure) 23,966 {39,749 {15.783 Net inovement in fund5 23,906 (39,749) {15.7831 Rceoneillation of funds Total fiinds brought forward 73,349 41.870 115,219 Total fiinds carried foNard 13 97.315 Unrestricted funds 2,121 Restricted fund5 Total 2021 Note IDCOD]e and EndowmeDts from: Donations and legacies Chariiable aciivilies 12,033 175.307 12,033 410,522 235,215 Totsl income 187.340 235,215 422,555 Expenditure on: Charitable aLtivities 1132,181) 1202,2831 1334.464) Ttstal expenditure 1132,181) 1202,2831 I334,4) Net income 55.159 32,932 88,091 Net inoveinent in fund5 55.159 32.932 88.091 Reeonelllatlon of funds Total fund5 brouglit fonvard 18,190 8,938 27.128 Total fund5 carried foLward 13 73,349 41,870 115,219 All of the charity's activities derive from continuing operaiions during the above two periods. The funds breakdowi for 2021 is showi in note 13. The notes on pages 7 to 14 forni ai) ii)tegral part of these financial statements. Page 5
Open Door Stoke OD Trent (Registration number. 1166393) Balance Sheet 85 at 31 D(*ember 2022 2022 21b21 Note Current R55¢ts DebEufs Casll at bank in haNI TO 4.784 95.859 5.160 110,752 I.643 115.912 Creditors: Amoullt5 f#lli#g dme Y4ttbln year 12 {1.2071 693} Net sssets 99.436 115.219 of th¢ eharity: Re5trictwJ R&stricted Fllts 2,121 41.870 Unre5tr1¢ted income f¥Dds lJnrestriaed funds 97.315 73.349 Total funth 13 99,436 15.219 The fjnallcial statetnents on pwg¢$ 5 to 14 were approved by the atyl autboiis&l for issue OD A.Ils.I 13ad siglled OD their b¢half by: Vanessa Renshaw Trustee The noie5 on pages 7 to 14 forni an part of fjnattcjai Statern. Page 6
Open Door Stoke on Trent l¥Jotes to the Financial Statements for the Year Ended 31 December 2022 l Accounting policies Statement of Compliance The finanLial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing Iheir aLcounis in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS 102) (effective l January 20191- {C.harities SORP {FRS 1021), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Charities Act 2011. Basi5 of preparation Open Door Stoke on Trent meets the detinition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historiLal cobt convention with items recogmised at cost or transaction value unless otherwise stated in the relel'ant note{sl to these ac¢ounts. GvingF ¢vn¢ern The trustees consider that there are no material uncertainties about the charity's ability to continue as 3 going concern. Income and endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general naiure is recognised when the charity has eniitlement to the income, it is probable that the income will be received and the amount can be measured with suffjcient reliability. Donatl0115 and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably rneasured. Granlb receivable Grants are recognised when the charity has an entitlement to tlie funds ai)d any conditions linked to the grants have been met. Where perFOrnALe conditions are attached to the grant and are yet to be meL the incoine is recog]ised &s a liabiliry and included on the balance sheet as deferred income to be released. ExpeThditsre All expenditure is recognised once there is a legal or constructive obligaiion ro that expenditure, it is probable seitlement is required and the ainount can be Ineasured reliably. All costs are alloCad to tlie applicable expendilure heading thai aggregate similar costs to that category. Where COS cannot be directly atiributed to pariicular headings ihey ILqve beeii allocated on a basis consistent with the use ol. resources, witli central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charilable 4ctivilies Cliaritable expendittire comprises those costs incurred by tlie charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to sucli activitie5 and tliose costs of an indirect nature necessary to support them. Page 7
Open Door Stoke on Trent Notes to the Financial Statements for the Year Ended 31 December 2022 (continlled) Governance costs These include the co%t8 attributable to the charity's compliance with conStitional and statOry requirements, including audit, %trategic tnallagement and tru%tee% meetings and reimbursed expense%. Taxation 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 defjnition of charitable company for UK ¢orporation tax purposes. Accordingly. the charity is potentially exempt from t¢atIOn in respect of income or capital gains received within ¢ategories covered b), Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gain8 Act 1992, to the extent that %uch incotne or gain% are applied exclu%ively to charitable purpose%. Trnde debtors Trade debtor.s are amounts due from customers for merchandise sold or services perfornied in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effeCti.e interest tnethod, less provision for impairjnent. A provision for the impairtnent of trade debtors is established when there is objective evidence that the charity will not be able to collect all ainounts due according to the original terms of the receivables. Cash and cash equivalents Cash and ¢ash equivalcnt% comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known atnount of cash and are subject to an insignificant risk of change in value. Fund strueture Unrestricted inconie ndS are general fullds that are available for llse at the trustees discretion in rtIlerance of the objectives of tlie charity. Restricted income tunds are those dotydted for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. 2 Income from donAtion5 And l¢gacie5 Vnrcstricted funds GcncrAI Total 2022 DonatlOllS td legacies., Donatiot]s froni companies, trusts and similar proceeds Donations from IndividilS Grants, including capital grants,. Governmeni gran(s 3.413 2,116 3.413 2,116 2.872 2,872 8.401 8,401 Page 8
Open Door Stoke on Trent Notes to the Financial Statements for the Year Ended 31 December 2022 (continlled) Unrestricted funds GeTher#l Total 2021 Donations and legacies., Donations from indii'iduals Grants, including capital grants,. Government grants Grants from companies 1.994 1,994 4.039 6,000 4,039 6.000 12,033 12,033 3 Income from charitable activities Unrestricted futlds General Restricted funds Total 2022 Rent Temporary Accomodation Complex Needs Service 229,357 229,357 28,743 28.743 229.357 28.743 258,100 Unrcstricted fmnds General Rcstrictcd funds Total 2UZI Rent Rent Temporary Accojnodation Complcx Nccds S¢rvic¢ Copeland Street 101,663 73,644 101,663 73.644 44,441 190,774 44,441 190,774 175.307 235.215 410,522 Page 9
Open Door Stoke on Trent Notes to the Financial Statements for the Year Ended 31 December 2022 (continlled) 4 Expenditure on charitable activities Activity undertaken directl> 2022 Drop in expenses Rent OlfiLe txpenses Insurance 3,411 105,675 4.271 5.960 1.252 778 3,411 105,675 4,271 5.960 1.252 778 Adverti%ingJTrainin Motor Expenses Misc Cumplex Need ServiLe Copeland Street -Emergency Accoinmodation Waste TV Licence Customer Activities Council Tax Wages Payoll Charge5 1.039 21,624 95.110 950 651 1,109 3,151 36.070 471 1,039 21,624 95,110 950 651 1,109 3,151 36,07U 471 281,522 Activity. utldertaken direetl> 281,522 2021 Drop in ¢xp¢ns¢s Rent Office expenses Insurance AdVertisinTraInIng Motor Expcnscs Misc Coniplex Need Service Copeland Street-Emergency Accommodaiion Waste TV Licence Custi)m¢r Activiti¢s Council Tax Wages Payroll Charges 4,128 104,134 3,861 1.505 1.728 1,474 1,091 42,255 160,028 4,128 104,134 3,861 1,505 1.728 1,474 1,091 42,255 160,028 872 771 872 771 8,615 2,051 139 8,615 2,051 139 333,771 333,771 Page 10
Open Door Stoke on Trent Notes to the Financial Statements for the Year Ended 31 December 2022 (continlled) In addition to the expenditure analj'sed above, there are also governance costs of £762 (2021 £693) which relate directly io charitable aclii'ilies. See note for further deiails. S Analysis of governance and support costs Governance costs Unrestricted funds GeTheral Tutal 2022 Independent exaininer fee Examination of the fJnan¢ial statements 762 762 762 762 Vnr¢stri¢ted funds Gener&1 Total 2021 Lndependent examiner fees Examination of the financial siaiemenis 693 693 693 693 6 Government grants A &[rt was received froin Stoke on Trent City Council for £2,872 12021.. £4,039) to help fund the drop in centre. The aniount of STrants recossni5ed in the financial stateinents wa5 £2,872 (2021 £4,039). There M'ere no unfulfilled conditions at the year end. 7 Trustees remuneration and expeThses No trustee5, nor any perso connected with thein, have received any remuneration from tlie charity durinbi the year. No trustees have received any reimbursed expenses or any other benefiis from the charity during the year. Page I I
Open Door Stoke on Trent Notes to the Financial Statements for the Year Ended 31 December 2022 (continlled) 8 Staff costs The aggregate pairyoll co.%t% were follow%.. 2022 2021 Staff costs during the y¢Ar w¢re: Wages and salaries Pension costs 35.476 594 1.999 52 36.070 2.051 No employee received ernolumenis of more than £60,000 during the year 9 Taxatio The charity is a regislered charily and is therefore exempi from taxation. 10 Debtor5 2022 2021 PrepaentS 4,784 5,160 I I Cash find cash equivalents 2022 2021 Cash at bank 95,59 110,752 12 Crcdltors: amounts falllng duc wlthln one ycar 2022 2021 Accruals 1.207 693 Page 12
Open Door Stoke on Trent Notes to the Financial Statements for the Year Ended 31 December 2022 (continlled) 13 Funds Balance at 31 December 2022 Balance at I January 2022 IncomiThg resour¢e5 Resources expended Unrestricted funds General Unrestricted Funds 73,349 237,758 (213,792) 97,315 Restrieted lunds Conipltx Needs ServiLe Copeland Street (4.998) 46,868 28,743 (21,624) 146.868) 2,121 Total restrieted funds 41,870 28,743 {68.492 2.121 Total funds 115.219 266,501 1282.284) 99,436 Balgnce at 31 December 2UZI Balance at I January 2021 Incoming resources Resources expended Unrestricted fund5 General Unrestricted Funds 18.190 187,340 (132.181) 73,349 Restricted Co]nplex Need5 seiCe Cop¢land Str¢¢t (7,184) 16,122 44.441 190,774 {42.2551 1160,028) (4.9981 46,868 Total restricted funds 8,938 235,215 1202,283) 41,870 Total funds 27,128 422.555 1334,464) 115.219 The specific purposes for which the funds are to be applied are as follows. Complex Needs Service Funds to deliver the Saf¢r Recov¢ry Proj¢ct on b¢half of th¢ wlnerability hub at New¢astl¢ wider L)qn¢ Borough Council. C.opeland Street Fund5 to provide an additional option for emergency provision of temporary accoTnmodation in Newcastle Borough. Page 13
Open Door Stoke on Trent Notes to the Financial Statements for the Year Ended 31 December 2022 (continlled) 14 Analysis of net assets between funds Unrestricted funds General Total funds at 31 December 2022 Restricted funds Current assets Current lidbilities 98.522 (1.207) 2,121 100,643 (1,2071 97,315 2,121 99.436 Unrestricted fund5 General Total funds at 31 D¢¢ember 2021 Restricted funds Current assets Current liabililies 74,042 (693) 41.870 115,912 (693) Totsl nel assels 73,349 41.870 115.219 15 R¢lated party transactions There were no related party tran5actl0115 in the year. Page 14