THE OPENING DOORS PROJECT REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED ST 31 JULY 2024 Charity Registration No. 1184478
THE OPENING DOORS PROJECT CONTENTS Page Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
THE OPENING DOORS PROJECT TRUSTEES, REPORT FOR THE YEAR ENDED 31ST JULY 2024 The Trustees present their report and financial statements for the year ended 31st July 2024 for the Charitable Incorporated Organisation. The financial statemerits have been prepared in accordance with the Charitable Incorporated Organisation's trust deed, the Charities Act 2011 and 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 published (FRS 102) {as amended for accounting periods commencing from 1st January 2019). OBJECTIVES AND ACTIVITIES To promote positive health of the inhabitants of Rice Lane and surrounding area, without distinction of age, sex, race, politics, religion. By associating with the statutory authorities, voluntary organisations, institutions, businesses and inhabitants in a common effort to advance health and provide facilities in the interest of social welfare for health, recreation and leisure. To provide support for families to improve their quality of life and general wellbeing. 1. To redu social exclusion and promote cohesion. 2. To promote financial inclusion 3. To increase self-confidence and positive self esteem 4. To promote positive mental health 5. To promote healthy lifestyles 6. To promote active lifestyles 7. To promote self-expression through various art projects 8. To reduce crime & anti-social behaviour 9. To reduce loneliness. 10.To promote happiness 11 . To increase capacity building and collective responsibility 12. Implement environmental projects in the community Public Benefit In considering the objectives and activities, the Trustees have considered the Charity Commission's guidance on Public Benefit to ensure that the organisation is meeting its Public Benefit requirements. ACHIEVEMENTS AND PERFORMANCE We have had a full year of activities bringing our community together, reducing loneliness and isolation, and providing activities that helps improve people's mental health in the community. One of the highlights of this has been the introduction of our diamond art classes. This has been an outstanding success and improved many people's self-confidence. We have held a wide range of other activities, such as craft and sewing classes, chair-based exercises, afternoon teas with bingo and community lunches with a quiz. These activities have been an outstanding success and brought the community together. We have also introduced children's football and reintroduced our children's club. We have ran bike rides to help improve people's physical health.
THE OPENING DOORS PROJECT TRUSTEES, REPORT FOR THE YEAR ENDED 31ST JULY 2024 In the school holidays and half term, we have run playschemes funded by Holiday Activities and Food (HAF). These have met the needs of families who struggle to feed their families during this period, and we have provided breakfast and lunch as per the government criteria. We have had grants from various sources, such as National Lottery, Feeding Liverpool, Feeding Britain, Cycling UK Torus Foundation, The Duchy of Lancaster to name but a few to help us deliver our activities. We have one employee, Gayle Connor Mccreith, who is our project coordinator. Her talent, foresight energy and enthusiasm are immeasurable. On behalf of the trustees, I wish to place on record our thanks, also a big thank you to our amazing volunteers. The trustees have had an oversight of the funds in our bank account regularly over the year. They have continued to monitor that funding has been assigned to the activities specified by the funder. The trustees have also been mindful of the requirement to build up unrestricted funds in our account, in the event of emergencies. In the forthcoming year, we aim to build and improve even further on our current activities. We are community led and base our activities on the needs and aspirations of our community. FINANCIAL REVIEW Total income for the year ended was £109,654 (2023.. £125,536), of which £92,621 (2023.. £117,979) related to funding for projects upon which restrictions are placed. Total expenditure for the year ended was £105,567 (2023= £125,361) of which £95,201 (2023.. £118,467) related to restricted funds, leaving a surplus for the year ended of £4,087 (2023.. surplus £175). At 31st July 2024 the Charitable Incorporated Organisation's reserves stood at £48,521 (2023- £44,434> of which £39,083 (2023.. £41,663) represented restricted funds. Risk Management The main risks to which the Charitable Incorporated Organisation is exposed as identified by the Trustees have been considered and systems have been established to mitigate those risks. The trustees monitor our spending of grants and our day to day spending robustly. We have a policy to only spend our funding on what we are restricted to. We review our finances at each Trustee meeting, the main risk would be iffunders became so stretched that they could notfuture fund us. The trustees would then manage and direct that risk, accordingly, proactively seeking new pockets of funding. Reserve5 Policy It is the policy of the Charitable Incorporated Organisation to maintain unrestricted funds, which are free reserves for redundancy provision, lease commitments and one month's running costs should no further funding be received. As at the end of the financial year ended the unrestricted funds totalled £9,438. The Charitable Incorporated Organisation requires £3,510 for redundancy provision, £6,000 for lease commitments and £864 for one month's running costs. (Total £10,374).
THE OPENING DOORS PROJECT TRUSTEES, REPORT FOR THE YEAR ENDED 31ST JULY 2024 The trustees have also been mindful of the requirement to build up unrestricted funds in our account, in the event of emergencies. In the forthcoming year, we aim to build and improve even further on our current activities. Plans for the Future The trustees, along with our project co-ordinator, are always evaluating our services we provide to our community, we are service led and consult our service users on a frequent basis. We are regularly looking to provide new services as a follow on from these consultations, after evaluation by the trustees. Our aim next year is to substantially build up our unrestricted funds, with a view to building up our reserves. We will be aiming to increase our team of paid workers, along with sessional staff, to help improve and expand the services we provide. We currently have an asset of an ageing vehicle, and we will be working to identify funding to replace this van with a newer model. We intend to expand our food hub, to deliver food waste cooking courses. We see this as a priority, and it will really help our community. We also intend to increase our provision for 0-3-year-olds, along with support and signposting for their parents. We also plan to develop a lifestyle programme for all our service users. This will go some way to increase their quality of life, and wellbeing. STRUCTURE, GOVERNANCE AND MANAGEMENT The Opening Doors Project (formerly known as The Rice Lane Opening Doors Project) registered as a Charitable Incorporated Organisation (CIO), number 1184478 on 18th July 2019, under the tems of their constitution dated 10th June 2019. We meet bi-monthly to oversee the work of the project. We aim to have a board representative of the services we provide. Currently we have a solicitor, some service users, and a senior working member of another charity (the Big Help Project) We recruit trustees via interview., this is against a skills audit. The trustees regularly analyze themselves to identify strengths and weaknesses and put in a support programme when weaknesses are identified. The trustees review the organisation's policies for the following subjects at least annually, and strengthen them accordingly.. Equality, Health and Safety, Child and Adult Protection and Safeguarding. Training is available to the trustees in all of these areas. The day-to-day running of the project is the responsibility of the paid project coordinator, in consultation with Ihe chair and Board of Trustees.
THE OPENING DOORS PROJECT TRLISTEES. REPORT FOR THE YEAR ENDED 31ST JULY 2024 REFERENCE AND ADMINISTRATIVE DETAILS The Opening Doors Project 1184478 Name Charity number Address & Office 52 Evered Avenue Liverpool, L9 2AG The members of the Board of Trustees are as follows: Trustees K Afford K Connor M Hamilton-Graney C Hardisty L Hughes A Seddon J Verdin (Appointed 15th February 2024) Independent Examiner Mrs Ying Huang ACCA rjo LCVS 151 Dale Street, Liverpool L2 2AH The Co-operative Bank PIC PO Box 250 Skelmersdale. WN8 6 Bankers Signed on behalf of the Trustees L Hugh s. Trustee Date
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE OPENING DOORS PROJECT I report on the accounts of the Charitable Incorporated Organisation for the year ended 31st July 2024 which are set out on pages 7 to 21. Res ective The Charitable Incorporated Organisation's Trustees are res onsibilities of trustees responsible for the preparation of the accounts. The Charitable and examiner Incorporated Organisation's Trustees considerthat an audit is not required forthis year ended under section 144 ofthe Charities Act 2011 {the Charities Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention. Basis of inde endent examiner's statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charitable Incorporated Organisation and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Inde endent examinerfs statement In connection with my examination, no matter has come to my attention.. (1) which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 130 of the Charities Act., to prepare accounts which accord with the accounting reGords and comply with the accounling requirements of the Charities Act have not been met., or, (2> to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name: Mrs Ying Huang Relevanl professional qualification or body= ACCA Address.. c/0 LCVS 151 Dale Street, L2 2AH Daled..
THE OPENING DOORS PROJECT STATEMENT OF FINANCIAL ACTIVITIES (including Income & Expenditure THE YEAR ENDED 31ST JULY 2024 Notes Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Income and Endowments from Donations Charitable activities Other trading activities 2a 2b 2c 13,495 13,495 92,621 3,538 4,114 117,979 3,443 92,621 3,538 Total income 17,033 92,621 109,654 125,536 Expenditure on Raising funds Charitable activities 436 124,925 10,366 95,201 105,567 Total expenditure 10,366 95,201 105,567 125,361 Net income, net movement in funds 6,667 (2,580) 4,087 175 Total funds brought forward 2,771 41,663 44,434 44,259 Total funds carried forward 9.438 39,083 48,521 44,434 The notes on pages 9 to 21 form part of these accounts. All the above amounts relate to continuing activities of the Charitable Incorporated Organisation.
THE OPENING DOORS PROJECT BALANCE SHEET AS AT 31ST JULY 2024 Notes 31"July 2024 318tJuly 2023 Fixed assets Tangible fixed assets 7,183 9,326 Current assets Debtors Cash at bank and in hand 280 44.053 276 36,524 44,333 36,800 Current liabilities Creditors.. amounts falling due within one year (2.995) (1.692) Net current assets 41,338 35,108 Total assets less current liabilities 48.521 44,434 Funds: Unrestricted funds Restricted funds 9,438 39,083 2,771 41,663 48,521 44,434 Approved by Trustees on ........ .. L Hughes, T stee Date... If
THE OPENING DOORS PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 1. Accounting Policies Basis of Accounting The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otheiSe stated in the relevant note(s} to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (SORP 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) (effective 1s1 January 2019) and Charities Act 2011. The accounts are prepared in sterling, which is the functional currency of the Charitable Incorporated Organisation. Monetary amounts in these financial statements are rounded to the nearest £. The Charitable Incorporated Organisation has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. Going concern At the time of approving the accounts, the Trustees have a reasonable expectation that the Charitable Incorporated Organisation has adequate resources to continue in operational existence for the foreseeable future. The Trustees have therefore adopted the going conrn basis of accounting in preparing the accounts. Fund accounting Unrestricted funds are the Charitable Incorporated Organisation, free reserves available for the Trustees to apply in accordance with the Charitable Incorporated Organisation's objectives. Restricted funds are subject to specific restrictive conditions imposed by the donor. All restricted funds are accounted for as restricted income and expenditure. Income recognition All income is recognised once the Charitable Incorporated Organisation has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. Donations and legacies comprise of donations which are recognised in the accounts when received, with the exception of known legacies which are accounted for when their receipt is certain. Income from charitable activities is recognised on an accrual's basis except for grants receivable, which are recognised on the date on which their unconditional payment is confirmed by the donor. Income from other trading activities relates to fundraising bingo and is recognised when the amount is certain. Fixed Assets Capital expenditure is stated in the balance sheet at cost less accumulaled depreGiation. Depreciation is provided to write off the cost of each asset over its expected useful life.
THE OPENING DOORS PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 Expenditure recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charitable Incorporated Organisation to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual's basis. All expenses, including support costs and governance costs, are allocaled or apportioned to the applicable expenditure headings in the Statement of Financial Activities. SLtpport and governance costs are applied to unrestricted funds unless specifically included in the restrictions, as specified by the donor. Expenditure on charitable activities relate to the operation of the Charitable Incorporated Organisation comprising of direct charitable expenditure to meet the objectives of the Charitable Incorporated Organisation. Support and governance costs relate to the management and operation of the organisation and also compliance with constitutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Financial Activities when payment has been approved by the Charitable Incorporated Organigation. Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short- term liquid investments with original maturities of three months or less, and bank overdrafts. Financial instruments The Charitable Incorporated Organisation has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charitable Incorporated Organisation's balance sheet when the Charitable Incorporated Organisation becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the Iransaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. io-
THE OPENING DOORS PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 Derecognition of financial liabilities Finar3cial liabilities are derecognised when the Charitable Incorporated Organisation's contractual obligations expire or are discharged or cancelled. Critical accounting estimates and judgements In the application of the Charitable Incorporated Organisation's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting eslimates are recognised in the year ended in which the estimate is revised where the revision affects only that year ended, or in the year ended of the revision and future year ended where the revision affects both current and future year ended. All expenditure is accounted for on an accrual's basis. All expenses, including support costs and governance Gosls, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities. Support and governance costs are applied to unrestricted funds unless specifically included in the restrictions, as specified by the donor. Cost of charitable activities relate to the operation of the Charitable Incorporated Organisation comprising of direct charitable expenditure to meet the objeclives of the Charitable Incorporated Organisation. Support and governance costs relate to the management and operation of the organisation and also compliance with constitutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Financial Activities when payment has been approved by the Charitable Incorporated Organisation. Taxation Income and gains are exempt from taxation as they are received and applied for charitable purposes only. The Charitable Incorporated Organisation benefits from various exemptions from taxation afforded by tax legislation and are not liable to corporation tax on income or gains falling within those exemptions. The Charitable Incorporated Organisation is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT.
THE OPENING DOORS PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31sf JULY 2024 2. Income and endowments from: Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 a. Donations and legacies Donations 13,495 13,495 4,114 Income from donations and legacies for 2023 related wholly to unrestricted funds b. Charitable activities 23 Foundation ACC Liverpool Group Foundation Anchor Community Foundation Asda Foundation Big Bike Revival Fund Cash for Kids Change X Citizen Advice Liverpool Household Support Fund Cyclist Club Cycling UK Grant Duchy of Lancaster Benevolent Fund Eleanor Rathbone charitable trust Feeding Britian Feeding Liverpool Foyle Foundation Garfield Weston Foundation John Moores Foundation LCVS Community Impact Fund Local Neighbourhood Fund Mayoral Neighbourhood fund Mccarthy Stone Foundation Mpac Mpac Eat to Meet National Lottery Community Fund Onward Community Fund PH Holt Foundation Skelton Charity Steve Morgan Foundation Sutton Croft Holiday, Activities and Food Torus Community Investment Fund Torus Foundation Youth Diversion Fund 2,475 1,000 4,709 880 4,300 1,500 1,120 4,474 2,475 1,000 4,709 880 4,300 1,500 1,120 4,474 1,500 1,935 3,650 3,650 2,000 3,200 3,200 14,594 4,000 15,000 8,000 4,500 15,000 8,000 1,500 2,100 15,000 8,000 1,500 2,100 1,200 750 29,000 3,750 3,750 7,700 7,700 10,000 2,500 10,000 5,000 2,063 5,000 2,063 10,000 19,500 19,500 1,000 700 700 2,000 92,621 92,621 117,979 Income from charitable activities in 2023 related wholly to restricted funds. 12
THE OPENING DOORS PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 Unrestricted Funds 2024 Restrictei Funds 2024 Total Funds 2024 Total Funds 2023 Other trading activities Fundraising bingo 3,538 3,538 3,443 Income from other trading activities for 2023 related wholly to unrestricted funds 3. Expenditure on charitsble activities Direct Support & charitable Governance Expenditure Costs Total 2024 Total 2023 To provide facilities in the interest of social welfare for health, recreation, and leisure. 93,311 12,256 105,567 124,925 analysed as follows.. 2024 2023 Direct Charitable Expendilure.. Staff salary costs Pension Sessional workers Activities and playscheme Professional services Room hire Equipment Food provision 27,500 638 21,895 35,752 186 840 34,259 849 10,709 58,434 250 155 901 7,755 6,500 93,311 113,312 13
THE OPENING DOORS PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 Support and governance GOSts.' Subscription Postage, printing, and stationery Rent Volunteer Expenses Motor expenses Phone & internel Storage Training Insuran Uniforms Bank Charges Payroll fees Accountancy Depreciation charge 680 446 2,400 481 493 1,800 772 1,967 230 2,132 1,495 1,962 222 836 490 56 227 1,353 2,143 173 1,170 2,337 12,256 11,613 Total expenditure on charitsble activities 105,567 124,925 £95,201 {2023 £118,467} of the above expenditure is restricted expenditure. b. Staff Costs 2024 2023 Gross salaries Pension 27,500 638 34,259 849 28,138 35,108 Particulars of employees: The average number of employees during the year 1.0 (2023: 1.7), and calculated on the basis of full-time equivalents, was as follows.. 2024 2023 Charitable activities No employee received emoluments of more than £60,000 during the year ended (2023.. Nil). The Trustees are not remunerated for their services and are not included in the above number of employees. No out-of-pocket expenses were reimbursed to Trustees during the year ended. 14
THE OPENING DOORS PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 4. Tangible fixed assets Computer Equipment Motor Fixtures Vehicle & Fittings Total Cost: Balance at 1st August 2023 Additions in the year 928 7,500 6,045 14,473 Balan at 31st July 2024 928 7,500 6,045 14,473 Depreciation: Balance at 1st August 2023 Charge for the year 260 134 3,500 800 1,387 1,209 5,147 2,143 Balance at 31st July 2024 394 4,300 2,596 7,290 Net book value at 315t July 2024 534 3,200 3,449 7,183 Net book value at 31st July 2023 668 4,000 4,658 9,326 5. Debtors 2024 2023 Prepayments 280 276 6. Creditors: amounts falling due within one year 2024 2023 Accruals Tax and Social security Pension 2,522 349 124 1,294 398 2,995 1,692 15
THE OPENING DOORS PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 7. Analysis of net assets between funds Tangible Fixed Assets Net Current Assets Total 2024 Unrestricted Funds General Fund 73 9,365 9,438 Restricted Funds 23 Foundation Albert Hunt Alpkit Foundation Anchor Comrnunity Foundation Cash for Kids Change X Citizen Advice Liverpool Household Support Fund Cyclist Club Cycling UK Grant Duchy of Lancaster Benevolent Fund Feeding Britain Foyle Foundation Garfield Weston Foundation LCR Cares Fund LCVS Community Impact Fund LCVS Community Innovation Fund Liverpool City Council Covid Local Neighbourhood Fund Mccarthy Stone Foundation National Lottery Awards for All National Lottery Community Fund 1,145 1,583 287 659 1,500 1,120 1,339 673 1,713 1,394 1,145 1,583 287 659 1,500 1,120 1,339 673 1,713 1,394 268 4,667 640 337 3,111 2,142 315 3,294 194 268 4,667 640 337 3,111 2,142 315 3,294 194 (DCM) PH Holt Foundation Sutton Croft Holiday, Activities and Food 2,560 2,560 2.066 8,076 2,066 8,076 7,110 31,973 39,083 Totals 7,183 41,338 48,521 16
THE OPENING DOORS PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 Tangible Fixed Assets Net Current Assets Totsl 2023 Unrestricted Funds General Fund 91 2,680 2,771 Restricted Funds Albert Gubay Foundation Albert Hunl Alpkit Foundation Cyclists Touring Club Foyle Foundation Garfield Weston Foundation Holiday Activities and Food LCR Cares Fund LCVS Community Impact Fund LCVS Community Innovation Fund Liverpool City Council Covid Targeted Engagement Programme National Lottery Awards for All National Lottery Community Fund (DCM) PH Holt Foundation 599 2,000 287 980 599 2,000 287 980 335 1,875 4,251 800 3,003 4,205 2,142 9,861 3,200 335 1,875 4,251 800 453 4,205 2,550 2,142 9,619 242 3,200 8,125 8,125 9,235 32,428 41,663 Totals 9,326 35.108 44,434 8. Unrestricted Funds Movement in the year Income Expenditure 2024 Reserves at beginning of year Reserves at end of year General Fund 2,771 17,033 10,366 9,438 Movement in the year Income Expenditure 2023 Reserves at beginning of year Reserves at end of year General Fund 2,108 7,557 (6,894) 2,771 General Fund is used to finance the Charitable Incorporated Organisation's general activities and core costs as outlined in the Trustees, Report. 17-
THE OPENING DOORS PROJECT NOTES TO THE FINANCIAL STATEWIENTS FOR THE YEAR ENDED 31ST JULY 2024 9. Restricted Funds Movement in the year Income Expenditure 2024 Reserves at beginning of year Reserves at end of year 23 Foundation ACC Liverpool Group Foundation Albert Gubay Foundation Albert Hunt Alpkit Foundation Anchor Community Foundation Asda Foundation Big Bike Revival Fund Cash for Kids Change X Citizen Advice Liverpool Household Support Fund Cyclist Club Cycling UK Grant Duchy of Lancaster Benevolent Fund Feeding Britain Foyle Foundation Garfield Weston Foundation John Moores Foundation LCR Cares Fund LCVS Community Impact Fund LCVS Community Innovation Fund Liverpool City Council Covid Local NeighboLArhood Fund Mccarthy Stone Foundation Mpac Eat to Meet National Lottery Awards for 2,475 1,000 (1,330) {1 ,000) (599) (417) 1,145 599 2,000 287 1,583 287 4,709 880 4,300 1,500 1,120 4,474 (4,050) {880} (4,300} 659 1,500 1,120 1,339 {3,135) 980 (307) 673 3,650 3,200 (1,937) (1,806) (67) (12,208) 18,000} (160) {4,166) 1,713 1,394 268 335 1,875 15,000 8,000 4,667 800 640 3,003 1,500 337 4,205 {1 ,094) 3.111 2,142 2,142 315 2,100 3,750 (1,785) 1456) (7,700) (9,667} 3,294 7,700 9,861 194 National Lottery Community Fund (DCM) PH Holt Foundation Skelton Charity Sutton Croft Holiday, Activities and Food Torus Foundation 3,200 8,125 {640} (11,0591 12,0631 115,6751 {7001 2,560 2,066 5,000 2,063 19,500 700 4,251 8,076 41,663 92,621 {95,201) 39,083 18
THE OPENING DOORS PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 Movement in the year Income Expenditure 2023 Reserves at beginning of year Reserves at end of year Albert Gubay Foundation Albert Hunt Alpkit Foundation Asda Foundation Cyclist Club CyGling UK Grant Eleanor Rathbone charitable trust Feeding Liverpool Foyle Foundation Garfield Weston Foundation John Moores Foundation LCR Cares Fund LCR Cares Mental Health Fund LCVS Community Impact Fund LCVS Community Innovation Fund Liverpool City Council Covid Mayoral Neighbourhood fund Mccarthy Stone Foundation Merseyside Police Community Cashback Mpac National Lottery Community Fund National Lottery Community Fund {DCM> Onward Community Fund PH Holt Foundation Steve Morgan Foundation Sutton Croft Holiday Activities and Food Torus Community Investment Fund Youth Diversion Fund 8,820 2,000 287 (1,221) 599 2,000 287 1,500 1,935 (1,500) (955) 980 1,355 2,000 14,594 4,000 15,000 8,000 {3,355) (14,594) (3,665) (13,125) (8,000) 1200) (2,670) 335 1,875 1,000 2,670 800 569 4,500 (2,066) 3,003 5,298 (1,093) 4,205 5,180 (3,038) 2,142 1,200 (1,200) 750 (750) 3,056 {3,056) (29,000} {5,392} 29,000 5,253 10,000 9,861 4,000 (800) 3,200 2,500 10,000 10,000 (2,500) (1,875) (10,000) 8,125 9,863 (5,412) 4,251 1,000 (1,000) (2,000) 2,000 42,151 117,979 (118,4671 41,663 19-
THE OPENING DOORS PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 These are monies given to the Charitable Incorporated Organisation to be spent at the discretion of the Board of Trustees for specific charitable purposes, as follows.. 23 Foundation - Contribution towards parent and child football sessions ACC Liverpool Group Foundation - Contribution towards, community lunch and slow cooker courses Albert Gubay Foundation - Contribution towards core costs Albert Hunt- Contribution towards core costs Alpkit Foundation - Contribution towards 'Walk & Talk, group Anchor Community Foundation - Contribution towards food hub Asda Foundation - Conlribution towards community events, social events to bring the community together Big Bike Revival Fund - To deliver the Big Bike Revival programme Cash for Kids - Contribution towards summer playscheme Change X- Contribution towards funday Citizen Advice Liverpool Household Support Fund - Contribution towards food hub Cyclist Club Cycling UK Grant- To deliver the Big Bike Revival programme in 2023 Duchy of Lancaster Benevolent Fund - Contribution towards core costs Eleanor Rathbone charitable trust- Contribution towards the 'Butterfies' project for activities for disadvantaged children and parents in Walton Feeding Britain - Contribution towards food provision during school holidays Feeding Liverpool- Purchasing food stock to support people aged 65 and over. Foyle Foundation - Contribution towards running's costs, salaries and project costs Garfield Weston Foundation- Contribution towards Salaries, running costs and project costs John Moores Foundation- Contribution towards Salaries & Sessional Fees LCR Cares Fund - Contribution towards match funding for van hire. LCR Cares Mental Health Fund - Contribution towards activities to reduce isolation and loneliness for over 60s & people with dementia. LCVS Community Impact Fund- Contribution towards the good food hub LCVS Community Innovation Fund - Contribution towards Insurances, professional fees, food provision Liverpool City Council Covid Targeted Engagement Programme - Contribution towards Salaries, running costs and project costs Local Neighbourhood Fund - Contribution towards, community lunch and events Mayoral Neighbourhood Fund- Contribution towards Christmas events for families in need. Mccarthy Stone Foundation- Contribution towards Rent, Utility costs, salaries & activity costs. -20-
THE OPENING DOORS PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 Merseyside Police Community Cashback Fund - Contribution towards activities and play schemes. pac - Contribution towards activities and play schemes. pac Eat to Meet- Contribution towards lunches during school holidays National Lottery Awards for All - Contribution towards activities National Lottery Community Fund - Contribution towards storage, food provision, salary, transport costs National Lottery Community Fund (DCM) - Contribution towards for van, insurance, signs and tax Onward Community Fund- Contribution towards activity costs PH Holt Foundation- Contribution towards activity costs Skelton Charity - Contribution towards the creative club Steve Morgan Foundation - Contribution towards salary costs of the project co-ordinator. Sutton Croft Holiday, Activities and Food - Contribulion towards play scheme during school holidays Torus Community Investment Fund- Contribution towards Christmas float and event Torus Foundation Contribution towar(Is the Christmas events Youth Diversion Fund- Contribution towards summer play schemes. 10. Guarantees and Other Financial Commitments There is a license to occupy the land and buildings of St. Nathanaels Church, Fazakerley Road, Walton during permitted hours for £200 per month. The License term is from 1 St September 2021 to 1st September 2026. 2024 3,400 2,400 200 2023 3,400 2,400 2,600 Due within one year Due 1 to 2 years Due 2 to 5 years 6,000 8,400 11. Related Parties There were no material related party transactions during this year ended which require disclosure. 12. Limited liability of members In the event of winding up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. 21