DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Charity number: 1184592
THE OPENWORK FOUNDATION
Trustees, Report and Financial Ststements
For the year ended 31 December 2024

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Contents
Page
Ref8rence and AdministratlV8 Information
Tiustees, Report
Statement of Trustees, Responsibilities
Independent Auditors, Report
12
Statement of Financial Activities
Balance Sheet
16
Cash Flow Slalement
Notes lo the Financial Statements
18
Charity number.. 1184592
The Opemvork Foundation

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Reference and Administrative Infomiation
Trustees
Jennifer Close
Clifford Gray
Michael Jukes
Tasnim Khalid
lan Lovett
Erica Mandryko
Gautam Mehra
Paul Milchener (Chairl
Adarn Roberts
John Roberts
Head of the Openwork Foundation
Alex Davie5
Registered Charity Number
1184592
Prineipal offie•
Auckland Hous8
Lydiard Fields
Great Western Way
Swindon
SN5 8UB
Independent Audltors
Gravita Audit Oxford LLP
First Floor, Park Central
40-41 Park End Street
Oxford
OX1 1JD
Bankers
Lloyds Bank plc
Lewisham Branch13090891
120 Lewisham High Street
Lewisham
SE13 6JG
Charity number.. 1184592
The Openwoth Foundation

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Trustees, Report (continued)
For the year ended 31 December 2024
The Trustees present their report and the audited financial statements ofthe charity forthe year ended 31 December
2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of
Recommended Practi￿ ISORPI applicable lo charrties preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191.
Chair's report- Paul Mitchener
We are very grateful to The Openwork Partnership, advisers and employees for their support of The Openwork
Foundation, which has always been at the heart of the business. Through the continued fundraising. donations and
charity nominations of The Openwork Partnership and its advisers and employees, The Openwork Foundation has
been able lo help improve the lives of thousands of vulnerable people through ils grant programme.
Throughout 2024 people frorn across The Openwork Partnership came together lo support our mission through
volunteering and fundraising. We are immensely proud lo have supported over 70,000 di58dv8iilaged people
through 84 Charities with over £800,000 in funding lowaids vital pioiects.
In 2024 we confinned two slialegic Partneiships, with two charities whose values and mission align closety with our
own. We extended our partnership with Dernentia UK and were pleased to 8nnounce a new partnership with Young
Enterprise at the start of the year.
2024 brought som8 exciting developments foi The Foundation. In June 2024 w8 welcomed Alex Davies as Head
of Sustainability and the Openwotk Foundation, biinging a wealth of experience frorn pievious roles at other
corporate foundations and national charities. We also created two new Ides within the back-office team enhancing
our communications and fundraising capabilities. In parallel with the Foundation's fundraising and engagement
aspiiations for the coming years, the Tiustees approved funding these ioles for the fitst time from the Foundation.
The Trustees will maintain stringent oversight on the delivery of the strategy to ensure appropriate return of
investment in these rdes.
Across The Openwork Partnership we were pleased to see partner, adviser and employee individual fundraising
continue to thrive. Highlights induded..
Widely supported cycling events in both London and Sri Lanka
Northern Ireland's first Gala Dinner and Auction bringing to life the impact of the Foundation's work in that
area of our community
Individual events, fundraising in memory and honour of much-loved, departed colleagues
We are delighted to be recognised in The Openwork Partnership strategy and as a prominent element of the
business Sustainability strategy.
The Openwork Foundation Board of Trustees are supported by the Foundation team and many volunteers from
across the Partnership who form part ol our Fundraising Committee, Grant Committee and wider ambassador
group.
Our Purpose and actlvltles
Summary
The Openwork Foundation I"Charity"l obtained its own registered charitable status on 25 July 2019, having
previously been a designated fund in Zurich Community Trust IUKI Limited (charity number 2669831. It fomially
separated frorn ZCT on 31 Decernber 2019.
The Openwork Foundation has been proud lo change lives and through the contributions made by its supporters,
rnake a difference to vulnerable communities.
The Charity is a public benefit entity. and the Trustees consider all Charity Commission guidan￿ on public benefit.
It fulfils its objectives to deliver public benefit through charity partnerships and its grant programmes.
Grant Making policy and programmes
The annual budget available for grants Is approved by the Trustees and is allocated across three programrnes
8ieas,' National Charity Parthership5. Sponsored Grants and Discretionary Gi8n15. Advisers and ernployees across
The Openwoik Partnership can nomin8te charitie5 they WOLJld like to support for a sponsored or di5cretion8ry g18nl.
Charity number.. 1184592
The Openwoth Foundation

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Trustees, Report (continued)
For the year ended 31 December 2024
National Charity Partners
At the end of 2023 the Openwork Foundation Board of Trustees agreed to extend its Partnership with Dementia UK
for another 3 years.
At the start of 2024 The Openwork Foundation Trustees made the decision, not to extend the previous 3-year
partnership with Cruse Bereavement Support and a new partnership with the charity Young Enterprise was agreed.
Our national charity partners receive £50,000 a year for the three years of the partnership. which also establishing
volunteering and cross organisation support.
Dementia UK
In 2024 Our partner grant of £50.000 funded a full-lime Admir81 Nurse on their Dementia Helpline. proving specialist
dementia SUPPOrt and guidance lo families f8oing dernenlia.
Dernentia UK'S National Dementia Helpline is the only dernentia support helpline in the UK staffed by dementia
specialist nurses with expert medical knowledge of dementia and it5 impact on families.
During 2024 their helpline and virtual dinics SLJPPOrted more people than ever before. The charity responded to
41,763 calls on their helpline b81w88n April 2024 and March 2025.
2024 Partnèrship Highlights.
The Openwork Partnership Swindon Office Time ft)r A Cuppa, coffee morning in May. Detnentia UK
Admiral Nurse Pam Kehoe delivered sessions about dementia to colleagues, responding to questions they
had about topics such as symptoms and how to get support. Additional funds were raised for the charity
selling cakes at the event.
Virtual Radio Show lor colleagues. Our Partnership Relationship Manager Lucy, form the charity, was
delighted to join the team for their wee￿Y radio show ahead of their Time for a Cuppa, which was themed
around nostalgic songs.
Town Hall Meeting - In August, Lucy was pleased to join a weekly Town Hall meeting at the Openworf(
Partnership London Office, delivering a session to raise aWa￿nesS of dementia and its symptoms,
alongside introducing the work ol Dementia UK, and our partnership
Dementia Masterclass - Dementia UK Admiral Nurse Gary Bumham-Jones held a pilot masterclass for
Openwoik's nelwoik of finanaal advisor5 for the Openwotk Business Schod. The session touched on
dernentia, the syrnptoms and iisk factois, along with ways to support people living with dementia. It also
induded informatitsn on finances, induding lasting power of attomey and wills which will help equip
advisors with more knowledge and confidence when talking to families diredy. The session was a huge
success with 113 attendees.
Young Enterprlse
At the start of 2024, The Trustees agreed a new partnership with the charity Young Enterprise. Young Enterprise
is a national charity who motivate young people to succeed in the changing worfd of work by equipping them with
the work skills and knovAedge and confidence they need through real world learning activities. The Openwork
Foundation partner grant of £50,000 will contribute to the Young Enterprise Inspiring Futures programme.
Inspiring Futures is a package ol Young Enterprise prograrnmes focused on providing young people experienang
some of the greatest barriers to social mobility with the tools and skills to achieve in the world of work.
2024 Partnership Highlights
Funding four Launch Pad Days. Launch Pad is a day long, high irnpact engaging enterprise
challenge. Students work alongside inspiring business volunteers who support students to discover more
about themselves and develop key skills which are valued in the workpla￿.
Funding directly enabled 13 schools to offer Inspiring Futures opportunities bringing the total number of
schools reached by Young Enterprise to 158 across the UK.
In October two young people from Eden Girfs school presented with their teacher al the Openwork
Partnership Inspiring Women in Financial Services conference. The students really brought to life the
irnpact Young Enterprise programrnes have had on their confidence and business skills.
Members of the Openwork Partnership supported by volunteering al Launchpad days and ernploy8bility
masterclasses. supporting the students by offering guidance and sharing their caieerjourneys.
Members of the Trustee board attended the Young Enterprise trade fair at Old Spilalfields Market, London,
engaging with students who have sel up their own business and brought their proxluct to market as part of
the YE company Piogramme.
Charity number.. 1184592
The Openwoth Foundation

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Trustees, Report (continued)
For the year ended 31 December 2024
Sponsored Grants
The Trustees have delegated the review and deasion-rnaking process for the sponsored grants to the Grant
Committee which reviews each application before making a final decision. The Grant Committee comprises of a
Board Trustee and ￿rrent and retired advisers and employees within The Openwork Partnership, and they meet
on a quarterfy basis.
Discretionary Grants are reviewed and agreed by the Openwork Foundation team.
haritable activities
The Charity generates income from a range of activities induding..
an annual donation from The Openwoik Partnership, as part of an agreed funding contribution.
regular donations from lee and bank accounts from The Openwork Partnership self-employed
financial advisers and employees.
regular voluntary donations through payrdl giving from The Openwork Partnership employees.
operating 8 monthty society lottery.
fundraising activity such as raffles and bingo
larger scale fundraising events such as m8r8thon$. cycle event and charity evening.
The Trustees receive regular progress reports and financial management inlomiation which includes information
on fundraising income and expenditure. The Charity follows the Code of Fundraising Practice.
The Trustees have a continuing focus to ensure that the ratio of resources applied to generating income is
appropriate lor the Charity.
Achievements and perfomiance
2024 was a year of change for the Openwork Foundation team. Samantha Tesch retired in Dec 2023 after 14 years
with the charity and Alex Davies was appointed in June 2024, joining from Cancer Research UK and having
previously overseen the St. James's Place Charitable Foundation. Abigail Hart joined the team in January 2024 as
Foundation Executive. Two new roles were also cre8led in the autumn, in Fundraising and Events and
Cornrnunication and Engagernent roles to help grow the reach and income of the charity in line with our existing
strategy.
In this year of change growth was still maintained in fundraising income. A total of £778,7531£269,457 2024 uplift
+ £509.296 income) was raised of which £302,217k was through regular giving. We saw in increase in players to
our lottery and an increase in regular giving. The six rnonths while the tearn was 33/¢ down on capacity limited the
growth of the charity against the 2026 strategy.
The Trustees recognise the hard work of the smaller team in rnainlaining the growth achieved in 2023 and
supporting new growth in the second half of 2024. The charity airns to relum lo ils 2026 strategy growth targets in
2025 with the new staff growing the capacity of the charty.
2024 Strategic Outsomes
£591.630 gloss inwme was generated against 8 taigel of £655,0(K)
£799,518 was awarded in granls12023'. £890,889) to 86 charities.
NSPCC, Young Enterprise, Prospect Hospice, STEP Swindon were d)arities supported by Openwork
Partnership volunteers
4 new Foundation Team members recruited
3 new Trustees appointed January 2024
Income from donations
£259,222 charitable donation from The Openwork Partnership for the 2024 Uplift,12023.' £241,704) was received
and the Charity benefitled from £204.297 of donated services12023'. £181,483). £591,630 was raised via advisers
and employees wthin The Openwork Partnership 12023.. £548,556). This was achieved through regular giving.
specific charity appeals, and various fundraising activities as shown in the table on the following page..
Charity number.. 1184592
The Openwoth Foundation

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Trustees, Report (continued)
For the year ended 31 December 2024
Income from donations Icontinuedl
2024
2023
Regular Giving
Advisoi and colleague fundraising and donations
£302,217
£263,590
£146,815
£91.656
Key Events. Cycle & Running Events
Restricted Fundraising appeals
£112,046
£125,020
£361
£18,933
Charity Lottery
Other
£12,299
£10.706
£17,892
£38,651
£548.556
Total
£591,630
Fundraising
The Charity does not engage professional fundraisers and raises funds from The Openwork Partnership business,
advisers and employees. Fundraising trom mernbers of the public is very limited and mainly owrs through
sponsorship donab'ons advisers and employees of The Openwork Partnership may seek when they are taking part
in fundraising events. most of which is received through the online giving siles.
Occasionally external fn"8nd5 and family mernber5 of The Op8nwork Partnership advisers and 8mploye85 join key
fundraising events such as the London M8rathon if plaTrs are not taken up by the advisers and employees. The
h81ity I￿1Ved no wmplaints on Ils fundraising piactlCe5.
Fundiaising activities in 2024 included the annual overseas cycle challenge, London marathon, Ride London, and
several events oigani5ed by mernbers of the Partnership, including a multi-day walk and a gala dinner in Northein
Ireland
Impact
The Charity measures the impact ol its grant programmes through feedback surveys from sponsored grant
recipients. For all nab.onal partnerships, a condition of future years funding, is the receipt of 8 satisfactory itnpact
and progress report.
Of the giants awarded to charities in 2024 the social issues supported were".
2024
2023
22°
13%
16.10
5.1
15¢
12°/0
10.10
2022
11°/0
6Q
2021
11 /0
Health Impaiment
E￿nOmicallY Disadvantaged
Mental Health
Physical DisabilitylLearning Difficulties
Vulnerable Young People
Life Limiting Conditions
Other
Bereavement
Older People
Emergency Relief
10%
13°/0
5/
22/0
17/¢
21 Q/¢
7Y.
100A
12/
8Y
10V.
110/0
14/0
10/0
3Y.
40 impact surveys were returned in 2024 (2023.. 431 from recipients of a Sponsored Grant and they show us that our
grants have..
2024
58/¢
2023
53.1
30V
14°/
2022
47/¢
40'h
1Q/.
3/¢
2021
51°1¢
Helped keep 8n existing service going
Helped expand 8 setvi
Enabled a new setvi
Helped the charity become more sustainable
Other
18/
4°/0
10Q/¢
5VD
2V.
Charity number.. 1184592
The Openwoth Foundation

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Trustees, Report (continued)
For the year ended 31 December 2024
Financial review
The Charity fundraising income £591,63012023'. £548,556) up 8°/D on 2023. Funding requests from charitable
organisalions focussed on generating funds to meet their operational costs and expand existing services continue
increased again in 2024 with funds distributed by the end of the third quarter for the second year running. The
Charity was able to respond to the increase in requests through increasing its grant programme budgets from
existing reserves.
£302.217 of income was from The Openwork Partnership adviserand employee regulardonations12023'. £263,590)
and it is expected to increase following activity in Q4 2023 to build new regular donor income. This has also
continued into 2024. All income, after fundraising expenses, is uplifted by 50/¢ by The Openwork Partnership, as
charitable donation.
Re¥erve¥ Poli
As al 31 December 2024 the totsl funds were £1.054.09412023'. £1.081,8591.
Unrestricted funds ale needed to enable the Charrty to cover its core fLJnding to manage it5 commitments should
the curient funding arrangement wrth The Openwoik Partnership change 01 cease. The Trustees require that a
general reserve equating to approxitnately 12 month5 operating and grant budget (to support new application5 and
partner grants) and fundraising expense5 should be maintained to achieve this. This will enable the Charity b.tne to
support its grant programme, ahead of receiving income from forthcoming fundraising activities, or either source
abternative funding or to manage any commitments to condusion.
Restricted funds can only be expended in accordance with specific restrictions, either by the wshes of the donor or
by the nature of the appeal.
The Charity funds are held in an instant a￿$$ Current1£408,8821 account and an instant access savings account
1£352,0871. The reseNes policy is annually reviewed by the Head of The Openwork Foundation and Board of
Trustees and monitored regulatly.
At the end of 2024 the Trustees reviewed the reserves policy and will move to a 12-month operational and
committed grants policy with additional flexible funds held which can be used for fundraising. Details of this will be
set out in the 2025 Trustees, Report.
Golng Concem
The Trustees are satisfied that the Charity has access to adequate resources to enable it to continue to operate for
the foreseeable future. The Trustees also recognise the impact of the challenging economic climate, which has
continued into 2025 and will continue to monitor the level of reserves. There is no indication that the Charity would
have insufficient funds to fulfil its obligations and pay its liabilities and the Trustees agree there are no material
uncertainties about the Charitys ability to continue lo operate.
Plans for future periods
The Trustee Board contiNues the Ihree-year strategic vision until 2026, with these key objectives..
1. The Foundation is embedded within all busines5 areas of The Oper￿ork Partnership with increased donors
2. £1 rn income per annum (including uplift from The Openwork Partnership)
3. £1.1 m per annum awarded in grants to 8 wider r8nge of charities
Last year the Trustees agreed lo develop rnore diversity within the Board and invited Tnembeis from within The
Openwork Partnership to apply. Three new trustee5 were formally 3PPOlnted by th8 Board in January 2024, 8ach
brining broader skills. expeiienoe and diversity to the existing Board.
Focu5 aieas for the charity in 2025 are..
Maintaining the growth in incotne and donations as set out in the 2026 strategy including a review (rf our
grants pdicy and pioce55es.
Documenting charity piocess8S to support great efficiency and 8ffective succession planning.
Increasing the activity, engagetnent and ILJn around the foundation across the group to grow participation
in events.
Increase the 18nge ol fundiaising events across The Openwork P3rtneiship lo raise money frorn a wider
range of supportets.
Working with The Openwoik Partnership to develop a new volunteering policy to support deeper
onnections to the th81ilies we support.
Charity number.. 1184592
The Openwoth Foundation

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Trustees, Report (continued)
For the year ended 31 December 2024
Plans for future periods Icontinuedl
Increasing the reach of the charity message through a new website, annual impact report, video and
photographic collateral, newsletters, social media content and lace to face meetings through the
management structures in The Openwork Partnership.
Structure, Governance and Management
Constitution
The Openwork Foundation is a Charitable Incorporated Organisation ICIOI and was first registered with the
Charities Cornmission on 25 July 2019. The Charity is governed by a foundation constitution.
A Board Ch8rter exists which should be ￿ad in conjunction with the constitution and, sets out the Board's
responsibilities. Matters Reserved. Board Composition. Board proceedings. Review of Board Effectiveness and
Board authorities.
Organisation Stru¢ture
The Openwork Foundation is not affiliated with any umbrella groups. The Foundation's major donor is The
Openwork Partnership 8nd as such has a very close working relationship with its managernent team. 8dvise15 and
employees. The Charity's Board of Trustees operate independently in the best interests of the Charity and is
supported, by a Fundraising Committee, Grant Comtnittee, and the Head of the Openwotk Foundation with the
Foundation Team. Each Committee has a'Terms of Reference. with delegated responsibilities and the Head of the
Openwork Foundation has delegated responsibilities for the day to day running of the Chaiity.
The Openwork Partnership advisers and employees are involved in supporting the delivery of the grant giving,
fundraising, volunteering programmes under the guidance and responsibility of the Openwork Foundation Team, in
line with the delegation document from the Board of Tiustees.
The Charity has an ongoing Memorandum of Undersknding with The Openwork Partnership which sets out the
framework by which both parties will operate and that The Openwork Partnership will contribute financial and other
support to the Charity to pursue charitable activits'es. The Openwork Partnership wll empk)y staff (the Openwork
Foundation teaml through Openwork Services Limited to manage the operational activity of the Charity. The
operational costs of running the Foundation will be met by The Openwork Partnership on an ongoing basis. The
Openwork Partnership will also provide fully maintained premises, IT infrastructure, support from its Finan￿ Team,
telephony and postal services and nomal level of professional and legal services to the Foundation at no cost. At
least 12 months, noti￿ must be given in writing rf The Openwork Partnership should decide to terminatethis support
to the Charity.
The Charity has a commitment from The Openwork Partnership from the start of 2025 to maintain its financial and
other support until the end of 2028.
The Charity works in collaboration with its national charity partners and helps support them in achieving their
respective agreed objectives. These objectives are mutually agreed at the outset of any partnership and supported
by a Memorandurn of Understanding which is reviewed annually and supported by regular reviews and progress
reports.
Trustee Recruitment, Induction and Training
The Charity's constitution states that a minimum of three Trustees are required to exercise any discietion of power.
A new Trustee may be appointed al any lirne. either as 8 replacement or as an additional Trustee. Three new
Trustees were appointed al the start of 2024. At the end of 2024 there were ten active Trustees. including two
independent Trustees.
The iecruitrnent of Trustees extem81 to The Openwoik Partnership is through 8 refeiral basis and a selection
piocess. The Trustee5 who are part of The Openwoik Partnership are selected based on their ability to be eflective
Trustees and to piovide the required level of influence wthin The Openwork Partnership to enable the Charity lo
chieve its obiective5. All Trustee appointments are pioposed and approved by the Board of Trustee5.
New Trustees are given a fomal induction, wth the opportunity to meet members of the wider Openwork
Foundation teatn. They receive an induction pack with relevant materials such a5 copie5 01 previous ieports,
financial reports, minutes of Trustee and committee meetings, a copy of the Charity Commission's guidance
"Welcome- you're a charity trustee" and are required to read and sign a Code of Conduct Dedaration.
The Trustees receive any relevant updates and guidance on their role as Trustees and the effectiveness of the
current Trust Board is reviewed by the Chair in consultation with the Trustees.
Charity number.. 1184592
The Openwoth Foundation

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Trustees, Report (continued)
For the year ended 31 December 2024
Risk Management
The Trustees assess the major risks to which the Charity is exposed and are satisfied that syslerns are in place to
mitigate the exposure to the major risks. The Charity has adopted the risk framewod( used within The Openwork
Partnership to monitor its risks on a quarterly basis. The Charity is exposed to business operating and financial risk.
The speafic financial risks are limited to liquidity risk and credit risk.
Business o
eratin
risk
The Trustees recognise the continued risks from the economic climate,. increasing inflation and interest rates and
have considered the operation81 impact ON the Charity and its supporters and their ability lo maint8in their support.
The Charity has adopted The Openwork Partnership framework for business oonlinuity plans and as such the
Trustees believe that the Charity is positioned to cope with the impact of any changes in circumstances as they
rnay arise.
Another business risk is the Charity's reliance on The Openwork Partnership for support in IT, HR, Facilities and
Finance. The TIu5tees hav8 represent8b.on on Th8 Openwoik Partnership Executive manag8ment teatn to help
rnitigale this risk.
As a funder of other organi5ations, the Ch8rities Cotntnission have imposed a responsibility on the Charity to
undertake due diligence on the oiganisation it is funding to check its safeguaiding policies and practices. There is
risk the Charity could be involved In financially sUPPOrting an organisation where there is 8 safeguarding breach
with the potential consequent reputational damage. The Charity has a 5epaiate risk ielating to a safeguarding and
the Openwork Foundation Team has attended specific safeguarding tiaining for funder organisations.
The chaiity also recognises the reliance on older IT systems and pro￿sseS while it, and The Openwork Partnership
is growing. The charity is taking active steps to mitigate and reduce this risk by documenting systems and
processes, streamlining and looking for efficiencies, removing single points of failure and sole owners of knowledge,
and growing the team and numbers of volunteer supporters.
Liquidity risk is the risk that cash may not be available to pay obligatr'ons due to the potential loss of donation income
and engagement from The Openwork Partnership where there are competing demands on The Openwork
Partnership advisers and employees time, redU￿d disposable income, limited profile at Openwork Partnership
business events and flexible working arrangements.
The Charity's finances are actively managed and monitored to ensure that suffiaent funds are available to rneet
liabilities as they fall due. The Trustees are of the opinion that any liquidity risk that the Charity faces is mitigated.
Charity number.. 1184592
The Openwoth Foundation
10

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.925&DA8461B9AC5F
Statement of Trustees. Responsibilities
To the Trustees of The Openwork Foundation
Statement of Trustees, responsibilities
The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards (Financial Reporting Standard 1021.
Charity law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the
state of affairs of the Charity at the year end and of its income and expenditure during that year. In preparing the
financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Gharilies SORP..
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial st8temenls',
prepare the Iin8ncial st8lemenls on the going ¢oncern basis unless il is inappropriate to presume that this
basis applies.
The Trustees are responsible for keeping accounting rewrds which disdose with reasonable accuiacy the financial
position of the Chaiity and which enable them to ensure that the accounts cornpty with the Charitie5 Act 2011, the
Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also ￿spOnSible
for safeguarding the assets ol the Charity and henc8 for taking r88son8ble 5t8ps for th8 prev8ntion and d8t8Ction
of fiaud and other Itregulaiitie5.
They are also responsible for identifying the major risks to which the Charity is exposed, reviewing those risks and
establishing systems to mrtigate them.
The financial statements accompanying this report comply with current statutory requirements and the constitution
of the charitable incorporated organisation ICIOI.
Approved by order of the Board of Trustees on 1 October 2025 and signed on its behalf by..
rtttdiLW
Paul Mitchener
Trustee
Charity number.. 1184592
The Openwoth Foundation
11

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Independent Auditors, Report
To the Trustees of The Openwork Foundation
Opinion
We have audited the finanaal stalernents of The Openwork Foundation I'the Charity'l for the year ended 2024
which comprise Statement of Financial Activities, Balance Sheet. Cash Flow Statement and notes to the financial
statements, including significant accounting policies. The financial reporting framework that has been applied in
their preparation is applicable and United Kingdom Accounting Standards. including FRS 102 The Financi81
Reporting Sl8ndarrl appliGable in the UK and RepubliG of Ireland (Unrted Kingdom Generalty Accepted Accounting
Pr8Cticel.
In our opinion, the financial statetnents".
give a true and fair view of the state of the Charity's affairs as at 31, December 2024 and of ils incoming
resources and application of resources for the year then ended..
have been properly prepared in a￿ordan￿ with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in aC￿rdan￿ with the requirernents of the Charities Act 2011.
Basis for opinion
We conducted our audit in 8ccoidan¢e with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Audilorfs responsibilities forthe audNt
of the fNnoncial slalen7ents section of our report. We are independent of the Charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standaid and we have fulfilled our other ethi￿1 re5ponsibilitie5 in accordance with these requiiements. We
believe that the audit evidence we have obtained is sufficient and 8ppropriale to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements. we have ¢oncJuded that the Trustee's use of the going concem basis of
8ocDunting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties ielating to events or
conditions that, Individual￿ or collectively, may cast significant doubt on The Openwork Foundation's ability to
continue as a going con￿rn for a period of at least 12 months from when the finanaal statements are authorised
for issue.
Our responsibilities and the responsibilities of the Trustees wrfch respect lo going concern are described in the
relevant sections of this report.
Other information
The olhei information comprises the information included in the annual report. including the Tru5tees' report.
other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other
infonnation contained within the annual report. Our opinion on the financial slalernents does not cover the other
infonnation and. except to the extent olhenfifise explicitly ststed in our report. we do not express any foim of
85surance conclusion Ihereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is
materially inconsistent with the financial statements or our knowledge obtained in the course ol the audit, or
otherwise appears to be materially misstated.11 we identify such material inconsistencies or apparent material
misstatements. we are required to determine whether this gives rise to a material misstatement in the fi'nanaal
statements themselves. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the
audit, we have not identified tnaterial misstaternents In the Ttustees. report.
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Reports) Regulations 2008 require us to report to you if, in our opinion..
the information given in the Trustees, report is inconsistent in any material respect with the financial
statements, or
suflicient accounting records have not been kept", or
the finanaal statements are not in agreement with the accounting records," or
we have not re￿iVed all the Infoirnation and explanations we iequiie foi our audit.
Charity number.. 1184592
The Openwoth Foundation
12

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Independent Auditors, Report (continued)
To the Trustees of The Openwork Foundation
Rèsponsibilitiès of Trustèas
As explained rnore fully in the Trustees, responsibilities statement (set out on page 101, the Trustees are
responsible for the preparation of the financial statements and for being satisfied that they give a true and fair
view, and for such internal control as the Trustees detemine is necessary to enable the preparation of financial
staternents that are free from material misstatement, whether due to fraud or error.
In preparing the finanaal statemènts, the Trustees are responsible foi assessing the Charity's ability to continue
as a going concem, disckjsing, as applicable, mattels related to going concern and using the going concem basis
of accounting unless the trustees either intend to liquidate the Charity or to cease operatitsns, or have no realistic
a￿ernatIVe but to do so.
Auditor's responsibilities for the audit of the financial ststements
We have been appointed as auditor under Section 144 Charities Act 2011 and report in accordance with the Act
and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial stalernents as a whole are free
from material misstatement, whether due lo fraud or error, and to issue an auditorfs report that indudes our
opinion. Re850nable assurance is a high level of 8ssurance. but is not a guarantee that an audit conducted in
8wrd8nce with ISAS IUKI will always delect 8 rn8leiial misstatement when it exists.
Misststements can arise from fraud or error and are considered material if, individually or in the aggregate, they
could reasonably be expected to influence the economic decisions of users taken on the basis of these financial
statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below".
the engagement partner ensured that the engagement team collectively had the appropriate
competence, capabilrties and skills to idents'fy or recognise non-compliance with applicable laws and
regulations.,
we identilied the laws and iegu18tions applicable to the Ch8rity through discussions with Trustees and
other managernenl. and from our knowledge and experience..
we focused on specific laws and regulations which we considered may have a d1￿ct material effect on
the finanaal statements or the operations of the Charity.
we assessed the extent of Complian￿ with the laws and regulations identified above through making
enquiries of management and inspecting legal correspondence where applicable,. and
identified laws and regulations were communicated within the audit team regularfy and the learn
remained alert to instances of non-compliance throughout the 8udil.
We assessed the susceptibility of the Charity's financial statements to material misstatement, induding obtaining
an understanding of how fraud might occur, by..
making enquiries of management as to where they considered there was susceptibility lo fraud. their
knowledge of actual, suspected and alleged fraud.,
onsidering the inlein81 conliols in pl8ce lo rniligale risks of fraud and non-wmpliance with laws and
regulations, and
To address the risk of fraud through management bias and override of controls, we..
performed analytiC81 pro￿dureS to identify 8ny unusual or unexpected relationships..
tested journal entries to identify unusual transactions.,
assessed whetherjudgments and assumptions made in determining the accounting estimates were
indicative of potential bias,. and
investigated the rationale behind significant or unusual Irans8Ctions.
Charity number.. 1184592
The Openwoth Foundation
13

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.925&DA8461B9AC5F
Independent Auditors, Report (continued)
To the Trustees of The Openwork Foundation
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, but were not limited to..
8greeing financial stslemenl disclosures lo underfying sUPPOrting docutnenl*ion'.
reading the minutes of meeb.ngs of those charged with govemance.,
enquiring of management as to actual and potential lituation and claims,. and
reviewing ielev8nl ooriespondence.
There are inheient limitations in our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to
enquiry of the Trustees and other management and the inspection of regulatory and legal correswndence, if any.
M8lerial rnisslalernenls th818rise due lo fi8ud can be harder to dete￿ than those that arise from errol as they
rnay involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the finanaal statements is located on the Financial
Reporting Council's website at.. www.frc.org.uklaudilorsresponsibililies.
This description forms part of our auditorfs report.
Critchleys Audit LLP is eligible for appointment as auditor of the Charity by virtue of its eligibility for appoiNbnent
as auditor of 8 company under section 1212 of the Companies Act 20(￿.
Use of our report
This report is made SO￿lY to the Charity's Trustees, as a body, in accord8rTrce with P8rt 4 of the Charities
(Accounts and Reportsl Regu18tions 2008. Our 8udit work h8s been undertaken so that we might state to the
Trustees those matters we are required to state to them in an auditor's report and foi no other purpose. To the
fullest extent permitted by law, we do not accept or assurne responsibilty to anyone other than the Charity's
Trustees as a for our audit work, for this report, or for the opinions we have fr)med.
Katherine.￿lIkeS loenioi Statutory Auditoil
For and on beham of Gravita Audit Oxford LLP
First Floor. Park Cenlial
4041 Park End Street
Oxford
OX1 1JD
7 October 2025
Charity number.. 1184592
The Openwork Foundation
14

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Statement of Financial Activities
For the year ended 31 December 2024
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
Total
2023
Note
Income from..
Donations
783,718
361
784.079
725,280
Charitable a¢tivilie5
271,161
271,161
2,086
246.463
Interest r￿1Ved
2,086
Total income
1,056,965
361
1,057,326
971,743
Expènditur• on-.
Charitable activities
799,516
799,516
890,869
Raising funds
Support costs
81,278
81,278
51,522
181,483
204,297
204.297
Total expenditur8
1,085,091
1,085,091
1,123,874
Net movement in funds
128,1261
361
127.7651
1152,1311
Reconciliation of funds:
Total funds brought forward
1,081,859
1,081,859
1,233,990
Total funds carried fornard
1.053.733
361
1,054.094
1,081,859
Charity number.. 1184592
The Openwoth Foundation
16

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.925&DA8461B9AC5F
Balance Sheet
As at 31 December 2024
Note
2024
2023
Assets
Currenl assets
Debtors
311.993
343.392
Cash at bank
10
760,969
739,927
Total assets
1,072,962
1,083,319
Liabiliti8S
G￿r￿￿t liabilities
Creditors
18,868
1,460
Total liabilities
18,868
1,460
Total net assets
1,OS4,094
1,081.859
Thè funds of thè charity
Restricted funds
12
361
Unrestricted funds
1,053.733
1,081,859
Total charity funds
1,054,094
1,081,859
pdn
Paul Mrtchener
Trustee
Charity number.. 1184592
The Openwoth Foundation
16

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Cash Flow Statement
For the year ended 31 December 2024
2024
2023
Note
Cash flows from operating activities
Net movement in funds
{27,7651
31.399
1152,1311
146.3901
11,8451
Decrease I Ilncreasel in debtors
Increase I (Decrease) in creditors
17,408
Net cash generated I lusedl from operating
activities
21,042
1200,3661
N•t Idaerèasèl l incrèasè in eash at bank
Cash al bank at stsrt of year
21.042
1200.3661
940.293
739.927
Cash at bank at end of year
760.969
739,927
Charity number.. 1184592
The Openwoth Foundation
17

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Notes to the Financial Statements
for the year ended 31 December 2024
General inforniation
The Openwork Found8tion is 8 Chaiit8ble Incorpoiated Organisation. registered In England and Wales. charity
numbei 1184592. The address of the principal office 15 Auckland House, Lydiard Fields, Swindon, SN5 8U8.
The Openwoik Foundation provides support to vulnerable peopl8 to improv8 their quality ol life through giant
piogrammes. National and local piogramrne5 are selected from a nornination prO￿s8 and not open to application.
2. Accountlng pollcles
Basis of praparation of financial ststamènts
The ffinancial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in
accordance wrth the Charities SORP'Accounting and Reporting by Charrties." 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 IFRS 1021 leflective 1 January 20191,, the Chaiitie5 Act 2011 and the charities
goveming document.
The financial statements have been prepared under the historical cost convention.
The presentation and functional currency of these financial statements is Pounds Sterling.
Ineomè
All income is recognised in the Statement of Financial Activities once the charity has entrfement to the funds, it is
probable that the income will be re￿ived, and the amount can be measured reliably.
Income received from Regular Giving represents regular donations from advisers and staff. Company matching
represents income from Openwork Holdings Limited which matches 50 1.12023.. 50°Al of all income including regular
donations, fundraising activities Iless associated costsl and donations.
In the event of income pledged but not received, the amount is accrued forwhere the receipt is considered probable.
In the event income pledged is subject to conditions that require a level of performance before the charity is entitled
to the funds, the income is deferred and not recognised until either those conditions are fully met, or the lulfilment
of those conditions is wholly within the control of the charity and it is probable that those condrtions will be fulfilled
in the reporting year.
Donated Services
Employee and other administration support costs are donated services received from Openwork Services Limited
I'OSL"). They are accounted for as Donated services within Note 3 and as Support costs within Note e. The
valuation basis is the actual costs that are incurred by OSL.
Audit Remuneration
Auditors, remuneration in respect of services provided to the Charity was settled by OSL in the year to 31 December
2024. This auditor remuneration was not recharged to the Charity by OSL. No fees were received by the Charity's
auditors in respect of other services.
Expenditure
All expenditure is re￿gnised once there is a legal or constructive obligation to transfer econornic benefit to a third
party. it is probable that a transfer of econornic benefits will be required in settlement and the amount of the
oblig8lion Gan be measured reliably.
Grants payable are Charged in the yearwhen the offer is made ex￿p1 in those cases where the offer 15 conditional.
suth grants being iecognised a5 expendituie when the conditions attaching are fulfilled. Grants offered subject to
conditions which have not been met at the year end are noted as 8 cieditor, but not accrued as expenditure.
Taxation
The Foundation is a registered charity and thereft)re is not liable for income tax oreotpoiation tax on Ineome deiived
from its charitable activrties, as it falls within the various exemptions available to registered charities.
Dèbtors
Debtois are recognised at the settlement amount, less any provision for non-recoverability. They have been
discounted to the present value of the future cash receipt where such discounting is material.
Cash at bank
Cash at bank includes cash and short-term highly liquid investments with a short maturity of three months or less
from the date of acquisition or opening of the deposit or similar account.
Charity number.. 1184592
The Openwoth Foundation
18

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Notes to the Financial Statements {continued)
for the year ended 31 December 2024
2. Accounting policie¥ Icontinuedl
Creditors
Creditors are recognised where the charity has a present obligab.on resulting from a past event that will probably
result in the transfei of funds to 8 third party 8nd the amount due to settle the oblig8tion can be me8suied or
e5tim8ted ieliabty. Creditors are norm811y r8cogni5ed at th81r settlement amount 8ft81 allowing for any tr8de
discounts due.
Flnanclal Instruments
The Charity only has financial assets and finanaal liabilities of a kind that qualify as basic finanaal Instruments.
Basic financial instruments are initially iecognised at transaction value and subsequendy measured at their
settlement value.
Income from donatlons
2024
2023
Company matching
Regular Giving
Tax recoveiable on gift aided donations
Donated services
259,222
241.704
302,217
263,590
17,982
38,503
204.297
181,483
783,718
725,280
The Openwork Partnership provides company matching to the Charity each year based on 50Q/o 12023.. 50QAI of
income generated by the advisers and employees in The Openwork Partnership, after fundraising expenses.
4. Income from charltable actlvltles
2024
2023
Adviser and cdleagues ftJndr8ising
Key Events, Cycle, Treks, Running Events
Lottery
Other
146,815
110.589
112,047
125,020
12,299
10,706
148
271,161
246,463
Fundraising activities indude a rnonthly bingo. individual fundraising activities. the annual charity evening and the
relum of the 8nnual cycle challenge and £361 was received from The OperNfork Partnership advisers and
employees on 8 restricted basis which will be used to support specific charities through the grant programme.
Charity number.. 1184592
The Openwoth Foundation
19

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Notes to the Financial Statements {continued)
for the year ended 31 December 2024
Expenditure on grants
2024
2023
Restricted
18,933
Sponsored
National Partner
689,996
752,513
100.000
100,000
19,423
Discretionary
9,520
799,516
890.869
All grants in 2024 were made to charitable institutions in line with the current governance arrangements and
delegated authorities for approval of grants made by the Charity. Dementia UK re￿iVed £50,000 to fund a fulktime
Admiral Nurse on their Dementia Helpline. Young Enterprise received £50,000 to contribute to the Young Enterprise
Inspiring Futures programme. 19 charities each received a sponsored grant of £15,000, 19 received between
£10,000 and £15,000 and a further22 charities received a sponsored grant lor less than £10,000. (ln 2023 Dementia
UK received £50,000, and Cruse Bereavement Support reTrived £50,000. 23 charities each received a sponsored
grant of £15,000, 31 received be￿een £10,000 and £15,000 and a further 7 charities reTrived a sponsored grant
for less than £10,000).
In 2024 Restricted donations from The Openwork Partnership advisers and employees, donations generated
income of £361 for the Macmillan Cancer Support coffee rnorning.
There were no further material grants provided to other institutions.
National Partner Grants
2024
2023
Cruse Bereavement Support
Dementia UK
Young Enterprise
50,000
50,000
50,000
50,000
100,000
100,000
onsored Grants
2024
2023
Abby's Heros
Accuro
Acorrn Action
Action for Children
Armed Forces Para-snowsport Team
Alex the Leukodys
Allsorts
Aurora Breast Cancer
Autism Angels
Back on Track
Birmingham Gare
Bloomin, Arts
Blue Smile
Cavendish G8ncer Care
Challengers
Challenging MND
Children 1st
Child Bere8v8Tnent
Children First Uganda
Children with Cancer
Croydon Youth Zone
Daisy s Dream
Dingley's Promise
Disability Challenge
Dorothy House
Dressability
Educate a Child
Edward's Trust
Enable Scotland
15,000
15,0(X)
5,000
7.500
14,000
15.000
14.000
7,500
15.000
10,000
15.000
14.292
11.440
9.000
5.000
15.000
12.713
15,￿0
14,942
8,365
10,000
14,674
15,OtK)
5,000
15,￿0
10,412
15,OiXI
15,000
10,000
10,000
10,627
14,984
9,000
Charity number.. 1184592
The Openwoth Foundation
20

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Notes to the Financial Statements {continued)
for the year ended 31 December 2024
Falcon Support Service
F8rncDrnbe Community
Fields of Life
10.000
10.0(K)
15,0(X)
First Steps Wom8n
Focus Charity
Fore Cancer Charity
Free to be Kids
Futures Unlocked
Gloucestetshire Ixl
Havens Hospice
Havering Women's Assoaation
Hectors House
Hearing Dogs for Deaf
Holding On Letting Go
Homelink Famity
Homestart Oxford
Homestart Wellington
It's in the Bag
Jengana Association
Lifespa￿ Trust
Longfield Cornrnunity Hospice Care
Mellon Educate UK
Molty Olly's Wishes
Momington Community
NevAife Charity
Nomad Detached Youth
Norwich City Communty
Over The W811
Purple Community
Piecious Sight Found81ion
P105pect Hospice
React Disastei Rescue
Relate
Riverside Counsdling
Revive MS Support
Roald D8hl's Marvellous Children's Charity
Rockinghorse Children's Charity
Rowan Humbeistone
Safe Families
Samson Centie
Shining Stars
Snaap
SoLrth Central Ambulance
Springboard Chippenham
St Augustines Comrnunity
ST Columba's Hospice
Stoke on Trent & D
Sue Ryder
Swindon Therapy Centre
Sycamore Trust
The David Shepherd
The Eikon Charity
The Felix Project
The Frank Bruno Project
The Ickle Pickle Project
The Ideas Partners
The Lewis Foundation
The Maggie Keswick
The Marlborough Brandt Group
The Money Charity
The Nelson Trust
The PDA Society
The Warehouse Ghrislian Trust
TinyLife
Tuppenny Barn
Turning Tides Home
15,OtK)
7,500
14,400
14,000
10,OtK)
15,000
15,000
15,0
12,324
15,000
15,000
10,000
9,000
9,000
7,500
11,700
10.000
15,000
10,000
5,000
7,500
15.000
14.983
9,000
10.250
15.000
10.0(K)
10.000
8.294
5.495
15,￿0
14,OtK)
10.0(K)
7.500
15.000
14.709
15.000
15.WO
15,0(X)
14,555
7,500
11,otK)
14,487
12,254
10,000
15,000
10,000
15,000
15,000
15,0(K)
9,992
15,000
11,408
15,0
15,000
14,796
9,100
10,5(X)
10,000
4,000
15.000
15,000
14.964
8.000
12.500
15.000
14.661
Charity number.. 1184592
The Openwoth Foundation
21

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Notes to the Financial Statements {continued)
for the year ended 31 December 2024
Uplands Enterprise
Unique-Rare Chromosome Disorder Support Group
Variety The Children
14.396
15.000
15.000
2024
nsored Grants
continued
2023
Villieis Park Educational Trust
We Are Bearns
Whirlow Hall Farm Trust
Wiltshiie Ali Ambulance
Wiltshire Tree House
Woking & Sarn Beare Hospice
Wood Street Mission
Young People & Chi
Youth@Heart
Youth Adventure TIu5t
Zinthiya Ganeshpan
15,0(M)
10,0(KI
5.000
15.000
8,534
13,837
15.000
15.000
13,221
6,000
10,000
9.000
14,7(K)
7,500
689,996
7S2,S13
Expenditure on charitable activities
2024
2023
Lottery
General fundi8ising
Support costs
4,825
3,800
76,653
47,722
204.297
181,483
285,575
233.005
Employees
During the year the Charity had nil employees12023'. nill.
Remuneration of Trustees and key management personnel
During the year, no Trustee was paid in respect of services provided to the Charity and no Trustee claimed travel
and training expenses.
St8ff working on behalf of the Gharity are employed by Openwork Services Limited which funds their remuneration
package. During 2024, 2 new employees, costs were covered by the Charity. which have been recognised as
general fundraising costs in note 6. In previous years, all employees were at no cost to the Charity.
Debtors
2024
2023
Accrued income, from donations and fundraising activities
Company m8lching accrued income
52,471
101,688
259,522
241,704
311,993
343,392
10. Cash at bank
2024
2023
The Openwork Foundation Lloyds business account
The Openwoik Foundation Lloyds savings aCCOUnt
408,882
739,927
352,087
Charity number.. 1184592
The Openwoth Foundation
22

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Notes to the Financial Statements {continued)
for the year ended 31 December 2024
760,969
739,927
11. Cr8ditors
2024
2023
Discretionary grant accrued expenditure
Lottery accrued expenditure
Staff costs
1,000
375
325
18.329
General fundraising expenditure
214
85
18,868
1,460
12. Analysis of net assets between funds
Restricted Unrestricted
funds
funds
2024
2024
Total
2024
Current assets
361
1.072.601
1.072,962
Current liabilities
118,8681
1,053.733
118.8681
1,054.094
Total funds
361
Restricted Unrestricted
funds
funds
2023
2023
Total
2023
Current assets
1,083,319
11,4601
1,081,859
1,083,319
11,4601
1,081,859
Current liabilities
Total funds
13. The fun(ts of the charity
Restricted funds
2024
Unrestricted funds
2024
Balance at 1 January 2024
Total income
1,081,859
1,056,965
361
Total expenditure
11,085.0911
1,053,733
Balance at 31 December 2024
361
Restricted funds
2023
Unr￿trIcted funds
2023
B8lance 811 January 2023
Total income
1.233,990
18,933
771,327
Total expenditure
Balance 8131 December 2023
118,9331
1923,4581
1,081,859
Charity number.. 1184592
The Openwoth Foundation
23

DoGUSign Envebpe ID". 52ACB727.A46F4C4E.9256-DA8461B9AC5F
Notes to the Financial Statements {continued)
for the year ended 31 December 2024
14. Related party and other tran¥a¢tion¥
Five trustee512023." Seven trustees) made donations to the Charity during the year and the aggregated total amount
was £64212023". £19,941).
Two tiustees12023." Three trustees) nominated one or more charities for a grant and the grants were awarded in
line with the current g0Veman￿ arrangements and delegated authoritiesfor approval of grants made by the Charity.
Charity number.. 1184592
The Openwoth Foundation
24