**Charity registration number 1189664 (England and Wales) Company registration number CE021971** ## **OPEN DOOR CHARITY** **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025** ## **OPEN DOOR CHARITY** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|A Devitt|| |---|---|---| ||D Hopkin|| ||J S Latham|| ||J Dobbie|| ||S Shambrook|| ||M Cavanagh|(Appointed 1 December 2024)| |**Charity number (England and Wales)**|1189664|| |**Principal address**|Bloom Building|| ||3 Abbey Close|| ||Birkenhead|| ||Wirral|| ||Merseyside|| ||CH41 5FQ|| |**Auditor**|Xeinadin Audit Limited|| ||First Floor, The Foundation|| ||Herons Way|| ||Chester Business Park|| ||Chester|| ||Cheshire|| ||CH4 9GB|| ## **OPEN DOOR CHARITY** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 5| |Independent auditor's report|6 - 8| |Statement of financial activities|9| |Balance sheet|10| |Statement of cash flows|11| |Notes to the financial statements|12 - 25| ## **OPEN DOOR CHARITY** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ The trustees present their annual report and financial statements for the year ended 31 October 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the CIO's governing document, 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 (FRS 102)" (effective 1 January 2019). ## **Objectives and activities** Open Door Charity exists to transform cultures around mental health through creativity, innovation and shared lived experience. Our charitable objectives remain unchanged: - Supporting people to alleviate the stigma which perpetuates mental health problems. - Identifying best practice in tackling mental health issues and disseminating information. - Providing service users with the capacity to be better equipped to deal with depression. - Raising public awareness of issues affecting mental health sufferers. - Providing social facilities and events involving the local community. All our work continues to be delivered free of charge, without waiting lists, and with a focus on early intervention, creativity and human connection. ## _Public benefit_ The trustees confirm that they have complied with their duty under section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit. Our programmes—Bazaar, Branch, OOMOO, Mysa, Zoop and our wider wellbeing offer—continue to provide meaningful, measurable public benefit to thousands of people each year. ## **Achievements and performance** ## _Significant activities and achievements against objectives_ **Overview** 2024/25 has been a year of continued delivery, growth and preparation for the future. Across all programmes, over 1,100 people were directly supported, with thousands more accessing tools, resources and community activities. We strengthened our data and impact systems, improving how outcomes are monitored and reported across all programmes. Safeguarding oversight continued throughout the year, with strengthened internal processes and regular reporting to trustees. Volunteers also played a vital role across our programmes, contributing time, lived experience and support to members. This year also marked the beginning of construction on Joy, our new home, which will underpin the next phase of our development. ## **Programme Impact** ## **Bazaar** Bazaar continues to be one of the most effective early-intervention mental health programmes in the region. This year, 253 people completed at least one session and 39% completed the full eight-week programme. Members experienced an average reduction of 38% in depression symptoms and 44% in anxiety symptoms, with 81% showing improvement on the GAD-7. Every member who completed the programme said they would recommend it to others. As one member put it, _“It was a mind-blowing and eye-opening experience. It’s brought me so much joy and given me the tools to improve my life.”_ - 1 - ## **OPEN DOOR CHARITY** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ ## **Branch** Branch has continued to grow as Wirral’s central access point for children and young people’s mental health support. Over the year, the service supported 1,458 cases and matched 589 young people to appropriate support. The median time to contact a young person was one day, and the median time to match them to support was also one day. Branch now includes 43 services across the local system. Feedback from families has been consistently positive, with one parent saying, _“Thank you so much for listening and your support. It’s so refreshing to have tailored actions for mental health support after being lost and overwhelmed by it all.”_ ## **OOMOO** OOMOO continues to be one of the most impactful programmes for Children Looked After and young people with Special Guardianship Orders. This year, 117 young people engaged with the programme, taking part in 639 events and support sessions, with 52 attending regularly at least once a month. Young people accessing emotional wellbeing support through OOMOO experienced a 65% reduction in depression symptoms and a 66% reduction in anxiety symptoms. The programme continues to provide a safe, creative and consistent space for care-experienced young people, reflected in feedback such as, _“This is the most fun I’ve had in ages.”_ ## **Mysa** Mysa, our disordered eating programme, completed its first full year of delivery. Fifteen people accessed support, with a 21% reduction in eating disorder symptoms recorded across the cohort. Members consistently highlighted the value of a safe, non-judgemental space and the importance of peer support. One member shared, _“This programme gave me a safe place to start opening up about my eating disorder, in a non-judgemental setting.”_ ## **Zoop** Zoop, our autism wellbeing programme delivered in partnership with Cheshire & Wirral Partnership (CWP), has grown rapidly. The programme supported 145 members this year and delivered 117 sessions, with an average 24% increase in wellbeing scores. Members ranged in age from 18 to 79, making Zoop our most diverse programme. Feedback has been strong, including comments such as, _“I finally feel understood here — it’s the first place I’ve been able to relax and be myself.”_ ## **Bloom Building** Bloom continued to serve as a creative, community-driven home for our programmes and events, hosting 372 events across the year. Tenancy partnerships with Action for Children and Be Well Learning remained strong, and Bloom continued to provide a vibrant space for arts, music, workshops and community activity. Bloom remains an important part of our community presence, and planning has begun for how activity may transition into Joy once construction is complete. ## **Joy – Our New Home** Joy is the most ambitious project in our history. During this reporting period, we appointed the builders and formally began construction. The project moved from planning into delivery, with structural work commencing on site. We also secured anchor tenants who will move into Joy once construction is complete. Trustees and senior staff undertook regular site visits to oversee progress and ensure alignment with our vision. Joy will become our new home in 2026, offering a larger, more accessible, more visible and more collaborative space. It will house several NHS services, creative partners and community organisations, creating a new model for mental health support that blends statutory services, third sector innovation, arts, culture and community. ## **Fundraising and Growth** The charity continued to strengthen its fundraising and development foundations this year. Work focused on maintaining strong relationships with long-term supporters, developing new academic partnerships, growing traded and commissioned income streams, and strengthening internal processes around opportunity assessment and strategic fit. The Growth Team’s work this year has centred on building the systems, partnerships and capabilities required for sustainable long-term income generation. The charity continues to be funded through a diverse range of income streams, including statutory contracts, grant funding, charitable donations, venue and café income, and community fundraising. During the year, statutory contracts and grant funding remained the charity's principal source of income, enabling continued investment in its mental health programmes and supporting the ongoing development of the Joy project. - 2 - ## **OPEN DOOR CHARITY** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ ## **Financial review** The charity has experienced another strong year of growth, reflecting continued investment in its mental health services and significant progress towards the development of Joy, the charity’s new permanent home. Total income for the year increased to £2,210,353 (2024: £1,381,074), driven primarily by increased grant and contract funding. Income from charitable activities totalled £2,015,362 (2024: £1,140,760) and remained the charity’s principal source of funding. Donations and legacies contributed a further £194,991 (2024: £240,314), while venue and bar activities continued to generate unrestricted income in support of the charity’s wider objectives. Expenditure on charitable activities increased to £1,134,959 (2024: £1,031,974) as the charity continued to expand its programmes and invest in the staffing and operational capacity required to meet demand. The charity generated a surplus for the year of £1,075,394 (2024: £349,100), principally reflecting restricted funding received towards the ongoing Joy capital project. During the year, £224,657 of expenditure relating to the Joy development was capitalised as assets under construction, with an equivalent transfer made from restricted to unrestricted funds to reflect the acquisition of the related fixed assets. At the year end, restricted funds of £979,849 remained available to support the continued construction and completion of the project. The charity’s financial position strengthened significantly during the year. Total funds increased to £1,677,320 (2024: £601,926), while cash balances increased to £1,228,039 (2024: £374,381), providing resources to support both the charity’s ongoing activities and the next phase of the Joy development. The trustees have reviewed detailed cash flow forecasts, together with committed grant funding and expected fundraising income for the Joy project, and are satisfied that the charity has adequate financial resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis. Unrestricted funds at 31 October 2025 totalled £697,471 (2024: £586,926). Of this balance, £590,650 was represented by tangible and intangible fixed assets, leaving free reserves of approximately £106,800 (2024: £222,554). Although free reserves remain below the trustees’ target range, the charity continues to hold significant restricted funding for the Joy development and the trustees remain satisfied that it has sufficient liquidity to meet its obligations as they fall due. The trustees continue to monitor income, expenditure, cash flow and reserves closely to ensure that the charity remains financially sustainable while delivering its strategic objectives and completing the Joy development. ## _Reserves policy_ The trustees aim to maintain unrestricted free reserves equivalent to between three and six months’ expenditure. Free reserves at the year end were below the trustees’ target range. This reflects the charity’s continued investment in organisational growth, service delivery and the development of Joy. The trustees regularly monitor cash flow, future funding commitments and the level of unrestricted reserves and are satisfied that, together with committed funding, the charity remains able to meet its obligations as they fall due. The trustees will continue to focus on rebuilding unrestricted free reserves over the medium term. ## _Major risks_ The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. - 3 - ## **OPEN DOOR CHARITY** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ ## **Plans for future periods** The coming year will be defined by: - **Completion of Joy’s construction and preparation for opening** - **A full organisational rebuild** , establishing three core teams — Services, Growth and Operations — to support sustainability and future expansion - **Strengthening data systems and impact reporting** - **Developing Joy’s commercial model** , including bar operations, venue hire and tenancy management - **Exploring national opportunities** for OOMOO, Branch and academic partnerships - **Building long-term financial resilience** through diversified income streams We are intentionally building for the future: Joy will provide the physical foundation for our next decade, and the organisational rebuild will ensure we have the structure, capacity and sustainability to grow our impact locally, regionally and nationally. ## **Structure, governance and management** The charity is a Charitable Incorporated Organisation (CIO), which was registered with the Charity Commission on 27th May 2020. The CIO was previously an unincorporated association, charity number 1151421, which was set up under a constitution dated 21st November 2011 and registered with the Charity Commission at that time. The assets and liabilities of the unincorporated association transferred to the CIO on 1st November 2020. The trustees who served during the year and up to the date of signature of the financial statements were: A Devitt D Hopkin J S Latham J Dobbie S Shambrook M Cavanagh (Appointed 1 December 2024) ## _Recruitment and appointment of trustees_ Trustees are appointed to the board by resolution of trustees of the board. There must be not less than three trustees. The trustees who served during the year, together with any changes up to the date of approving this report are listed above. Trustees retire in rotation at each general meeting and are limited to a term of three years. ## _Organisational structure_ The board of trustees administers the charity and meets as necessary but not less that four times a year. The dayto-day operations of the charity are the responsibility of the Chief Executive, to whom the board of trustees have delegated authority for operational matters including finance, employment and development. ## **Statement of trustees' responsibilities** The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the incoming resources and application of resources of the CIO for that year. - 4 - ## **OPEN DOOR CHARITY** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities 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 statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the CIO and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees' report was approved by the Board of Trustees. A Devitt **Trustee** 30 July 2026 - 5 - ## **OPEN DOOR CHARITY** ## **INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF OPEN DOOR CHARITY** ## **Opinion** We have audited the financial statements of Open Door Charity (the ‘CIO’) for the year ended 31 October 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the charity’s affairs as at 31 October 2025 and of its incoming resources and application of resources, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the Charities Act 2011. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the CIO in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the CIO’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## **Other information** The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. 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 of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial 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** We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: - the information given in the financial statements is inconsistent in any material respect with the trustees' report; or - sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records; or - we have not received all the information and explanations we require for our audit. - 6 - ## **OPEN DOOR CHARITY** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF OPEN DOOR CHARITY** ## **Responsibilities of trustees** As explained more fully in the statement of trustees' responsibilities, 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 determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the CIO’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so. ## **Auditor's responsibilities for the audit of the financial statements** We have been appointed as auditor under section 144 of the 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 statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements 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. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: - Enquiry of management and those charged with governance around actual and potential litigation and claims; - Reviewing minutes of meetings of those charged with governance; - Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias; - Enquiry of management and those charged with governance to identify any instances of non-compliance with laws and regulations. The potential effect of these laws and regulations on the financial statements varies considerably. Firstly, the CIO is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related companies legislation), distributable profits legislation and taxation legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. Secondly, the CIO is subject to many other laws and regulations where the consequence of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance the imposition of fines or litigation or the loss of the CIO's license to operate. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the trustees and other management and inspection of regulatory and legal correspondence, if any. Therefore, if a breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. - 7 - ## **OPEN DOOR CHARITY** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF OPEN DOOR CHARITY** A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. ## **Other matters** The comparative figures for the year ended 31 October 2023 are unaudited and have been included for comparative purposes only. Accordingly, we do not express an opinion on these comparative amounts. Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice. ## **Use of our report** This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed. ## **Stephanie Baker BA(Hons) ACA (Senior Statutory Auditor)** For and on behalf of Xeinadin Audit Limited, Statutory Auditor Chartered Accountants First Floor, The Foundation Herons Way Chester Business Park Chester Cheshire CH4 9GB 30 July 2026 Xeinadin Audit Limited is eligible for appointment as auditor of the CIO by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. - 8 - ## **OPEN DOOR CHARITY** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**4**
122,720
72,271
Charitable activities
**5**
91,990
1,923,372
**Total income**
214,710
1,995,643
**Expenditure on:**
Charitable activities
**6**
328,822
806,137
**Total expenditure**
328,822
806,137
**Net income/(expenditure)**
(114,112)
1,189,506
Transfers between
funds
224,657
(224,657)
**Net movement in**
**funds**
**3**
110,545
964,849
**Reconciliation of funds:**
Fund balances at 1 November
2024
586,926
15,000
**Fund balances at 31 October**
**2025**
697,471
979,849|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
194,991
196,124
44,190
2,015,362
72,022
1,068,738
2,210,353
268,146
1,112,928
1,134,959
272,237
759,737
1,134,959
272,237
759,737
1,075,394
(4,091)
353,191
-
350,140
(350,140)
1,075,394
346,049
3,051
601,926
240,877
11,949
1,677,320
586,926
15,000|**Total**
**2024**
**£**
240,314
1,140,760| |---|---|---| |||1,381,074
1,031,974| |||1,031,974| |||349,100
-| |||349,100
252,826| |||601,926| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for and income account under the Companies Act 2006. - 9 - ## **OPEN DOOR CHARITY** ## **BALANCE SHEET** ## _**AS AT 31 OCTOBER 2025**_ |**Notes**
**Fixed assets**
Intangible assets
**11**
Tangible assets
**12**
**Current assets**
Stocks
**13**
Debtors
**14**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**15**
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**16**
**Net assets**
**The funds of the CIO**
Restricted income funds
**19**
Unrestricted funds
**20**|**2025**
**£**
**£**
12,919
577,731
590,650
2,589
123,047
1,228,039
1,353,675
(153,869)
1,199,806
1,790,456
(113,136)
1,677,320
979,849
697,471
1,677,320|**2024**
**£**
**£**
10,475
353,897
364,372
2,476
93,176
374,381
470,033
(105,428)
364,605
728,977
(127,051)
601,926
15,000
586,926
601,926| |---|---|---| The financial statements were approved by the trustees on 30 July 2026 A Devitt **Trustee** - 10 - ## **OPEN DOOR CHARITY** ## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ |**Notes**
**Cash flows from operating activities**
Cash generated from operations
**25**
**Investing activities**
Purchase of intangible assets
Purchase of tangible fixed assets
**Net cash used in investing activities**
**Net cash generated from financing activities**
**Net increase in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2025**
**£**
**£**
1,089,770
(8,999)
(227,113)
(236,112)
-
853,658
374,381
1,228,039|**2024**
**£**
**£**
509,633
(7,300)
(350,140)
(357,440)
-
152,193
222,188
374,381| |---|---|---| - 11 - ## **OPEN DOOR CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ ## **1 Accounting policies** ## **Charity information** Open Door Charity is a is a charitable incorporated organisation (CIO) registered with the charity commission in England and Wales. The principal office is Bloom Building, 3 Abbey Close, Birkenhead, Wirral, Merseyside, CH41 5FQ. ## **1.1 Basis of preparation** The financial statements have been prepared in accordance with the CIO's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The CIO is a Public Benefit Entity as defined by FRS 102. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the CIO. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the CIO has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **1.4 Income** Income is recognised when the CIO is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the CIO has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. ## **Grants** Income from charitable activities includes income recognised as earned (as the related service is provided) under contract or where entitlement to grant funding is subject to specific performance conditions. Grant income included in this category provides funding to support programme activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Income is deferred in respect of cash received relating to future expenditure. - 12 - ## **OPEN DOOR CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ ## **1 Accounting policies** **(Continued)** ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. ## **1.6 Intangible fixed assets other than goodwill** Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Website 25% straight line ## **1.7 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Leasehold land and buildings 20% straight line and over the life of the lease Plant and equipment 20% straight line Computers 33% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.8 Impairment of fixed assets** At each reporting end date, the CIO reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.9 Stocks** Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. - 13 - ## **OPEN DOOR CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ ## **1 Accounting policies** ## **(Continued)** Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. ## **1.10 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. Bank overdrafts are shown within borrowings in current liabilities. ## **1.11 Financial instruments** The CIO has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the CIO's balance sheet when the CIO 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 transaction 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 payments 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. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the CIO’s contractual obligations expire or are discharged or cancelled. ## **1.12 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the CIO is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.13 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. - 14 - ## **OPEN DOOR CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ ## **2 Critical accounting estimates and judgements** In the application of the CIO’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 ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |**3**|**Net movement in funds**|**2025**|**2024**| |---|---|---|---| |||**£**|**£**| ||The net movement in funds is stated after charging/(crediting):||| ||Fees payable for the audit of the charity's financial statements|7,800|7,800| ||Depreciation of owned tangible fixed assets|3,279|4,635| ||Amortisation of intangible assets|6,555|7,079| ## **4 Income from donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
Donations and gifts
71,680
1,000
Grants
51,040
71,271
122,720
72,271
**Income from charitable activities**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
**Charitable activities**
Venue and bar income
59,879
-
Performance related
grants
31,500
1,923,372
Other income
611
-
91,990
1,923,372|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
72,680
118,624
6,000
122,311
77,500
38,190
194,991
196,124
44,190
**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
59,879
65,987
-
1,954,872
4,981
1,068,738
611
1,054
-
2,015,362
72,022
1,068,738|**Total**
**2024**
**£**
124,624
115,690| |---|---|---| |||240,314| |||**Total**
**2024**
**£**
65,987
1,073,719
1,054| |||1,140,760| ## **5 Income from charitable activities** - 15 - ## **OPEN DOOR CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ ## **5 Income from charitable activities** ## **(Continued)** Included within performance related grants are grants received from local authorities which are recognised in the period when the CIO receives such funds. Income totalled £1,209,507 (2024: £439,813) in the year. At the year end £979,849 (2024: £nil) of such funds had not been spent and form part of the restricted funds balance carried forward. ## **6 Expenditure on charitable activities** ||**Charitable**|**Charitable**| |---|---|---| ||**activities**|**activities**| ||**2025**|**2024**| ||**£**|**£**| |**Direct costs**||| |Staff costs|774,597|660,677| |Sessional fees|8,648|13,330| |Project delivery|120,525|127,230| |Travel, subsistence and hospitality|4,810|5,573| |Promotion|24,119|19,394| |Premises|83,064|70,984| |Café and venue cost of sales|27,484|34,401| |Office costs|44,530|23,687| |Repairs and maintenance|8,909|9,788| |Professional fees|10,969|27,900| |Bank and card|1,630|1,848| ||1,109,285|994,812| |**Share of support and governance costs (see note 7)**||| |Support|9,834|11,714| |Governance|15,840|25,448| ||1,134,959|1,031,974| |**Analysis by fund**||| |Unrestricted funds|328,822|272,237| |Restricted funds|806,137|759,737| ||1,134,959|1,031,974| - 16 - ## **OPEN DOOR CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ ## **7 Support costs allocated to activities** |**Charitable**
**activities**
**2025**
**£**
Depreciation
9,834
Governance
15,840
**2025**
**Governance costs comprise:**
**£**
Audit fees
7,800
Accountancy
8,040
15,840|**Total**
**2024**
**£**
11,714
25,448| |---|---| ||**2024**
**£**
7,800
17,648| ||25,448| ## **8 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the CIO during the year. ## **9 Employees** The average monthly number of employees during the year was: |**Employment costs**
Wages and salaries
Social security costs
Other pension costs
The number of employees whose annual remuneration was more than £60,000
is as follows:
£70,001 to £80,000|**2025**
**Number**
23
**2025**
**£**
676,118
83,019
15,460
774,597
**2025**
**Number**
1|**2024**
**Number**
19| |---|---|---| |||**2024**
**£**
593,985
55,279
11,413| |||660,677| |||**2024**
**Number**
1| - 17 - ## **OPEN DOOR CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ ## **9 Employees** ## **(Continued)** ## **Remuneration of key management personnel** The aggregate compensation of key management personnel in the year was £192,782 (2024: £177,651) ## **10 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. ## **11 Intangible fixed assets** |**Cost**
At 1 November 2024
Additions - separately acquired
At 31 October 2025
**Amortisation and impairment**
At 1 November 2024
Amortisation charged for the year
At 31 October 2025
**Carrying amount**
At 31 October 2025
At 31 October 2024|**Website**
**£**
34,140
8,999| |---|---| ||43,139| ||23,665
6,555| ||30,220| ||12,919| ||10,475| - 18 - ## **OPEN DOOR CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ |**12**
**Tangible fixed assets**
**Leasehold**
**land and**
**buildings**
**Assets under**
**construction**
**Plant and**
**equipment**
**£**
**£**
**£**
**Cost**
At 1 November 2024
412,352
-
6,491
Additions
-
224,657
415
Disposals
-
-
-
At 31 October 2025
412,352
224,657
6,906
**Depreciation and impairment**
At 1 November 2024
58,455
-
6,491
Depreciation charged in the year
2,848
-
35
Eliminated in respect of disposals
-
-
-
At 31 October 2025
61,303
-
6,526
**Carrying amount**
At 31 October 2025
351,049
224,657
380
At 31 October 2024
353,897
-
-
**13**
**Stocks**
Consumables
**14**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income|**Computers**
**£**
17,995
2,041
(1,798)
18,238
17,995
396
(1,798)
16,593
1,645
-
**2025**
**£**
2,589
**2025**
**£**
88,555
34,492
123,047|**Total**
**£**
436,838
227,113
(1,798)
662,153
82,941
3,279
(1,798)
84,422
577,731
353,897
**2024**
**£**
2,476
**2024**
**£**
73,421
19,755
93,176| |---|---|---| - 19 - ## **OPEN DOOR CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ ## **15 Creditors: amounts falling due within one year** |**Creditors: amounts falling due within one year**||| |---|---|---| |**Notes**
Other taxation and social security
Deferred income
**17**
Trade creditors
Other creditors
Accruals|**2025**
**£**
2,247
59,762
7,671
73,639
10,550
153,869|**2024**
**£**
-
45,193
43,336
5,546
11,353| |||105,428| Last year, an employee undertook private consultancy work for Wirral NHS Foundation Trust in a personal capacity. Payments for this consultancy work were made directly to the CIO's bank account and have been recorded as a liability to the employee within other creditors. The consultancy work was not connected to the charity’s activities. The amounts owed to the trustee as at 31 October 2024 was £750. ## **16 Creditors: amounts falling due after more than one year** |**16**
**Creditors: amounts falling due after more than one year**||| |---|---|---| |Other creditors
**17**
**Deferred income**
Other deferred income|**2025**
**£**
113,136
**2025**
**£**
59,762|**2024**
**£**
127,051| |||**2024**
**£**
45,193| Deferred income is included in the financial statements as follows: |Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 November 2024
Released from previous periods
Resources deferred in the year
Deferred income at 31 October 2025|**2025**
**£**
59,762
45,193
(45,193)
59,762
59,762|**2024**
**£**
45,193| |---|---|---| |||4,475
(4,475
45,193| |||45,193| Deferred income is in relation to venue hire income recognise in advance, this has been deferred as income is recognised on event date. Additionally, there is contract income received in advance of the period it relates to. - 20 - ## **OPEN DOOR CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ |**18**|**Retirement benefit schemes**||| |---|---|---|---| |||**2025**|**2024**| ||**Defined contribution schemes**|**£**|**£**| ||Charge to profit or loss in respect of defined contribution schemes|15,460|11,413| The CIO operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the CIO in an independently administered fund. ## **19 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. |**At 1**
**November**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
Joy
-
1,204,506
-
Bloom Building
-
19,881
(19,881)
Bazaar
-
285,997
(285,997)
OOMOO
15,000
243,693
(258,693)
Projects
-
71,666
(71,666)
Branch
-
169,900
(169,900)
15,000
1,995,643
(806,137)
**Previous year:**
**At 1**
**November**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
Joy
-
359,940
(9,800)
Bloom Building
-
78,267
(78,267)
Bazaar
11,949
242,891
(254,840)
OOMOO
-
213,752
(198,752)
Projects
-
73,098
(73,098)
Branch
-
144,980
(144,980)
11,949
1,112,928
(759,737)|**Transfers At 31 October**
**2025**
**£**
**£**
(224,657)
979,849
-
-
-
-
-
-
-
-
-
-
(224,657)
979,849
**Transfers At 31 October**
**2024**
**£**
**£**
(350,140)
-
-
-
-
-
-
15,000
-
-
-
-
(350,140)
15,000|**Transfers At 31 October**
**2025**
**£**
**£**
(224,657)
979,849
-
-
-
-
-
-
-
-
-
-
(224,657)
979,849
**Transfers At 31 October**
**2024**
**£**
**£**
(350,140)
-
-
-
-
-
-
15,000
-
-
-
-
(350,140)
15,000| |---|---|---| |||15,000| - 21 - ## **OPEN DOOR CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ ## **19 Restricted funds** **(Continued)** **Joy** : our capital development project a future home of Open Door. Joy will bring together the third sector, statutory tenants, culture, community all under one roof **Bloom** : The charity’s home. A space that immerses mental health with aesthetically purposeful design and culture to destigmatise mental health support. Bloom also provides events and activities to ODC core members and wider community members **Bazaar** : Provides free, fast and effective mental health support to young people aged 14-35. **OOMOO** : A project that supports the emotional wellbeing and mental health of care-experienced young people aged 10-25 **Pilot projects** : Innovative incubation projects that have been created based on community need **Branch** : A trailblazing model that centralises children and young people’s mental health support referrals ## **Transfer of funds:** The transfer of funds relates to expenditure incurred on the Joy Project. In the prior year, this comprised costs associated with the acquisition of the property. During the current financial year, it relates to fixed assets under construction, which have been capitalised. - Segelman - to support the development of OOMOO our programme for CLA (Children Looked After) through Move, Make and Be sessions and specific peer led support. - Steve Morgan Foundation - contribution towards Charity manager salary. - Bazaar - Core - Bazaar is our core support offer for those aged 14-35 experiencing low mood and anxiety. Bazaar blends elements of CBT, Mindfulness and more to help young people understand their mind alongside the support of a peer mentor. ## **Transfer of funds:** In the year, £15,600 of restricted funds were transferred to unrestricted funds, this was because all objectives set by the NHS England Haze project had been met. ## **20 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**At 1**|**Incoming**|**Resources**|**Transfers At**|**31 October**| |---|---|---|---|---|---| ||**November**|**resources**|**expended**||**2025**| ||**2024**||||| ||**£**|**£**|**£**|**£**|**£**| |General funds|586,926|214,710|(328,822)|224,657|697,471| - 22 - ## **OPEN DOOR CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ |**20**|**Unrestricted funds**|||||**(Continued)**| |---|---|---|---|---|---|---| ||**Previous year:**|**At 1**|**Incoming**|**Resources**|**Transfers **|**At 31 October**| |||**November**|**resources**|**expended**||**2024**| |||**2023**||||| |||**£**|**£**|**£**|**£**|**£**| ||General funds|240,877|268,146|(272,237)|350,140|586,926| |**21**|**Analysis of net assets between**|**funds**||||| |||||**Unrestricted**|**Restricted**|**Total**| |||||**funds**|**funds**|| |||||**2025**|**2025**|**2025**| |||||**£**|**£**|**£**| ||**At 31 October 2025:**|||||| ||Intangible fixed assets|||12,919|-|12,919| ||Tangible assets|||577,731|-|577,731| ||Current assets/(liabilities)|||219,957|979,849|1,199,806| ||Long term liabilities|||(113,136)|-|(113,136)| |||||697,471|979,849|1,677,320| |||||**Unrestricted**|**Restricted**|**Total**| |||||**funds**|**funds**|| |||||**2024**|**2024**|**2024**| |||||**£**|**£**|**£**| ||**At 31 October 2024:**|||||| ||Intangible fixed assets|||10,475|-|10,475| ||Tangible assets|||353,897|-|353,897| ||Current assets/(liabilities)|||349,605|15,000|364,605| ||Long term liabilities|||(127,051)|-|(127,051)| |||||586,926|15,000|601,926| - 23 - ## **OPEN DOOR CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ ## **22 Operating lease commitments** ## **Lessee** The operating leases represent leases from third parties. The leases are negotiated over terms of 3 to 10 years. At the reporting end date the CIO had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows: |Within one year
Between two and five years
In over five years|**2025**
**£**
28,200
80,500
9,000
117,700|**2024**
**£**
19,200
18,700
-| |---|---|---| |||37,900| ## **23 Capital commitments** ||**2025**|**2024**| |---|---|---| ||**£**|**£**| |Acquisition of property, plant and equipment|3,747,500|3,850,000| The CIO has approved the development of a new capital project to create the UKs most radical and progressive mental health, wellness and creativity space. The total estimated cost of the project is approximately £4.2 million. The trustees expect the remaining costs of the project to be funded through a combination of restricted grant funding already secured, future fundraising activities and other committed funding sources. The trustees continue to monitor project costs and funding commitments to ensure the development remains financially sustainable. ## **24 Related party transactions** There were no disclosable related party transactions during the year (2024 - none). - 24 - ## **OPEN DOOR CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 OCTOBER 2025**_ |**25**
**Cash generated from operations**
Surplus for the year
**Adjustments for:**
Amortisation and impairment of intangible assets
Depreciation and impairment of tangible fixed assets
**Movements in working capital:**
(Increase)/decrease in stocks
(Increase) in debtors
Increase in creditors
Increase in deferred income
**Cash generated from operations**|**2025**
**£**
1,075,394
6,555
3,279
(113)
(29,871)
19,957
14,569
1,089,770|**2024**
**£**
349,100
7,079
4,635
1,132
(37,243)
137,786
40,718
503,207| |---|---|---| - 25 -