Charity registration number 215409 (England and Walesl Company registration number 00334296 THE OPEN-AIR MISSION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl
THE OPEN-AIR MISSION LEGALAND ADMINISTRATIVE INFORMATION Commlttee Members Mr P BrunninE Mr S Burton Mr D Cooke Mr D Fielding Mr M Fisher Mr D Gayton Dr O Jack Mr E Mellor Charlty number 215409 Company number 00334296 Registered office S Briar Close Banbury Oxfordshire England OX16 9DS Independent examiner Oliver Read FCCA ACA James Todd & Co Limited Drayton House Drayton Lane Drayton Chichester West Su55ex P020 2EW Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl
THE OPEN-AIR MISSION CONTENTS Page Committee Members. report Independent exarniner's report Staternent of financial activities Balance sheet statement of cash flows Notes to the financial statements 8-21 Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl
THE OPEN-AIR MISSION cOMMIEE MEMBERS. REPORT (INCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The committee members present their annual pOrt and financial statements for the year ended 31 December 2024. The financial st8tements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's governing document, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities pr&paring their accounts in accord8nce with the Financi31 Reporting Standard applicable in the LJK and Republic of Ireland IFRS 1021 (effective l January 20191. Oblectlves and actlvltles The Mission 15 an interdenominational evangelical Christian org3nisation whole prirnary objective5 are twofold.. Seeking to communicate the Christian 805pel message with those who are outside the sphere of the church,. Seekin8 to encourage the churches to be involved in open-air evangelism. The princip31 activity of the Mi55ion worker5 15 to 80 into outdoor public pl3ce5, such as the following.. pede5triani2ed shopping areas, markets, agricultural 5how5. carnivals. fairground5 and race-courses in order to share the Christian message with those who might not have the opportunity to hear it by any other means. This is done through preaching. literature distribution, personal conversation, and, in the summer time. at two venues where Beach Missions are held. Many thousands of school children are a150 given the $8rne opportunity, through the Mission's three Bible Exhibitions and Pilgrim's Progress Exhibition. Public benefit The Mission Committee (Trustees) have continued to pay due regard to the Public Benefit guidance issued by the Charity Commission when considering the activities of the charity. The primary objective of the Mission is to communicate the Christian message to those who know little or nothing about it. Durin£ 2024, countless people heard something of the rnessage through open-air pa¢hIng undertaken by our evangelists and associate workers. As a result of the preaching, numerous personal conver5ation5 take place with individua15 and helpful literature ha5 been offered frorn a free literature table. Often, we can recornmend such enquirer5 to local churches where they can receive lurther spiritual and pastoral support. A¢tivltles Often our workers are the only people who provide a listening ear to hurting people met on the streets. Some workers have been able to meet pr8Ctical needs such as directing those with alcohol or drug problems to organisations that can help them. homeless people to local shelters 3nd others with specific issues to appropriate charities with expertise in that field. Following impediments from the Coronavirus situation, our school's resources have been used more by churches around the UK. These Bible Exhibitions have been well received by pupils and staff of schools attending these sessions. Achlevements and performance During 2024 we were able to appoint two new evangelists.. a full-tirne worker operating in Southern England and a part-tirne worker to further strengthen the work of the Mission in London. The Open-Air Mission began in Whitechapel, and for the first century of it5 existence had a strong presence in London. However, in recent year5 OAM ha5 had a very lirnited presence in London, 50 the addition of a new worker here is a cause for thanksgiving. The Trainee Evangelist Scheme Ivolunteer rolel wa5 filled until the end of August. where a young rnan from Derbyshire gained practical experience in evangelism, benefitting from working alongside several different st8ff evangelists and joining several team events. All planned tearn event5 and beach mi55ions went ahead as normal, maximising gospel opportunitie5 in these location5 whilst also developing links with local supporters and supporting churches. We have been encouraged by over 2,000 open-air meetings that took place during the year in around 170 different locations. Around 250 'Enquirers' Pack5, were sent out to those reque5tin8 further inforrnation. As a direct result of our worker5 being out on the streets sharing the good new5 of the Christian message, many interested people have attended local churches and, encouragingly, 50rne have corne to put their trust in the Lord Jesu5 Christ. Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl
THE OPEN-AIR MISSION cOMMIEE MEMBERS. REPORT (INCLUDING DIREcfoRS' REPORT) {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Financial review Income from donatlons and gift5 ha5 increased to £433,582 from £356,064 in the prior year. Meanwhile legacy income had decreased to £127,777 frorn £130,141 in the previous year. Total incoffle frorn 311 sources increased to £628,727 compared with £550,898 in 2023. Overall, there was a deficit of in the year of £203,613 compared with £221,256 in 2023. The Mission's investments have been affected by fluctU3tions of the stock market and, as a result, the investments have increased by £48,058 in the yÈar, taking the net incoming resources figure to a deficit of É155,55512023.. Dl£It of £198,033). We are very thankful to all of our supporters for their prayerful and practical support of the work of the Mission through another year. We look to the Lord for the continued resources that we need as we seek to reach out with the Gospel to those around us. Reserves poll¢y The reserve5 policy is of prirne irnportance in enabling the Mission to fulfil its main objectives. The Committee deern it to be prudent to maintain the Charity reserves at a level representing 18 months of expenditure to achieve its objectives for the under mentioned reasons.. To enable the Mission to employ addition31 evangelists as the opportunities arise,. To protect against falls in legacy and donation income, which are by nature unpredictable,. To provide sufficient funds to enable the Mission to give employed staff 18 months, notice should r&dundancies become necessary,. To hold th& necessary funds to finance any redundancy payments, should these become necessary. Investment poll¢y In accordance with the Mernorandurn and Article5 Of A550ciation, the Comrnittee has the power to invest surplus resource5 a5 they see fit. The present portfolio is yielding a reasonable return, particularly in prevailing market conditions and a very low 8ank of England base rate. To be able to maintain returns in exces5 of c05t of living indices remain5 a problem. The committee will continue its poliry of Safe, prudent and conservative investment. Our ethical criteria require exclusion from the portfolio of companies rnajoring in gambling, alcohol or tobacco. Plans for future periods Several projects are in progress to help further the work of the Mission and stren£then our supporter base. Structure, governance and management The charity is a company limited by guarantee, having no Share capital. It Is also a registered charity. It 15 governed by it5 Memorandurn and Article5 of A550ciation. The fly5heet to the accounts lists the registration details of the charity and other pertinent information. The cotnmittee mernbers, who are also the director5 for the purpose of company law, and who served during the year and up to the date of 518nature of the financial 5t3tement5 were.. Mr P Brunning Mr S Burton Mr D Cooke Mr D Fielding Mr M Fisher Mr D Gayton Dr O Jack Mr E Mellor Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl
THE OPEN-AIR MISSION COMMIThEE MEMBERS, REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Re£Tultment and appolntment of trustees None of the comrllittee members ha5 any beneficial interest in the company. All of the committee members are rnember5 of the cornpany and guarantee to contribute £1 in the event of a winding up. Training of the Tru5tee5 15 regularly reviewed, but 15 not something that can be done in isolation frorn the Mission. All Committee decisions are taken by majority voting and therefore new mernber5 1 trustees are trained by the experience of corpordte discu55ion and decision-making. The committee rnembers, report was approved by the Board of Committee Member5. Mr D Fielding Trust•• Date.. 2810512025 Doc ID". 26992824ca9886753ec7dd2e6204452a5398cbf7
THE OPEN-AIR MISSION INDEPENDENT EXAMINER'S REPORT TO THE COMMIThEE MEMBERS OF THE OPEN-AIR MISSION I report to the committee members on my examination of the financial statements of The Open-Air Mission Ithe charityl for the year ended 31 December 2024. R•5ponslbllltle$ 4nd b451$ of report A5 the cornrnittee rnember5 of the charity land a150 It5 director5 for the purpose5 of cotnpany lawl, you are responsible for the preparation ol the financial staternents In accordance with the requirement5 of the Cotnpanie5 Act 2006. Having sat15fied tny5elf that the financial 5tatement5 of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145lSllbl of the Charities Act 2011. Independent exJminerf$ statement Since the charity's gros5 income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l arn qualified to undertake the examination because l am a fellow of the Chartered Association of Certified Accountants and an Associate of the Institute of Chartered Accountant5 in England and Wales. which is one of the listed bodies. I have ctsmpleted rny exatnination. I confirtn that no matters have come to my attention in ctsnnertion with the examination giving me cause to believe that in any rnaterial respect.. accounting iecord5 were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the financi31 statements do not accord with those records,. or the financial 5tatement5 do not cornply with the accounting requiretnents of Section 396 of the Companie5 Act 2006 other than any requirement that the financial staternents give a true and lair view. which is not a matter considered as part of an independent examin3tion.' or the financial statements have not been prepared in accordance with the methods and principles of the Statetnent of Recornmended Practice for accounting and reporting by charitie5 appIic3ble to charitie5 preparing their financial 5tatement5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Ollver Read FCCA ACA Jame5 Todd & Co Limited Drayton House Drayton Lane Drayton Chichester West Sussex P020 2EW Dated.. 2810512025 Doc ID". 26992824ca9886753ec7dd2e6204452a5398cbf7
THE OPEN-AIR MISSION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrled Unrestrlrted funds funds Total UnrerIcted Unrestrlcted funds funds Total general designated 2024 2024 general designated 2023 2023 2024 2023 Notes Income and endowments from: Donations and legacies Charitable activities 561,359 20,692 45,800 877 561,359 20,692 45.800 877 486,205 20,598 44.094 486,205 20,598 44.094 Investment5 other income Total income 628,728 628.728 550,897 550,897 Expenditure on: Raising funds 77,597 751,006 77,597 754,744 66,605 697,834 1.702 66,605 703,846 1,702 3,738 6.012 Other expenditure 13 Total expenditure 828,603 3,738 832,341 766,141 6,012 772,153 Net g3inslllossesl on investments 14 48.058 48,058 23,223 23,223 Net incomellexpenditurel 1199.8751 44.320 1155,5551 1215.2441 17,211 1198,0331 Transfers between funds 278,835 1278,8351 1216,4091 216,409 Net movement in funds io 78,960 1234,5151 1155.5551 1431.6531 233,620 1198,0331 Reconciliation of funds: Fund ballnces at l January 2024 248,805 1,696,750 1,945,555 680,458 1,463,130 2,143,588 Fund balances at 31 December 2024 327,76S 1.462,235 1,790.000 248.805 1,696,750 1,945,555 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activitie5. Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl
THE OPEN-AIR MISSION BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Flxed 45$9ts Tangible assets Investments 16 10,506 1.451,729 16,617 1,680,133 17 1,462,235 1,696,750 Current assets Stocks Debtors Cash at bank and in hand 18 10,723 56,684 268,131 21,125 80,915 154,128 19 335,538 17,7731 256,168 17.3631 CredStors.' amounts falllng due wlthln one year 20 N•t curr•nt 4$5•ts 327,765 248,805 Total assets less current Ilabllltles 1.790,000 1.945,555 Net assets 1.790,000 1.945,555 The funds of the ¢harlty Unrestricted funds- general Unrestricted funds- desi8nated 327,765 1,462,235 248,805 1,696,750 23 1,790,000 1,945,555 The company is eniitled to the exemption from the audit requirement contained in settion 477 of the Companies Act 2006, for the year ended 31 December 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial ststements. The members have not required the company to obtain an audit of its financial statements for the year in question ITh accordance with section 476. These financial statements have been prepared in accordance with the provislons applicable to companies subject to the small companies reEime. 2210512025 The financial statements were apprtsved bythe committee mernbers on ......................... Mr D Cooke Mr O Fielding Trustee Trustee Cornpany re815tration number 00334296 IEngl3nd and Wale51 Doc ID". 26992824ca9886753ec7dd2e6204452a5398cbf7
THE OPEN-AIR MISSION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from operating activities Cash absorbed by operation5 27 1211,5091 19,8741 Investing activities Purchase of tangible fixed a55ets Proceeds from dispos31 of t3ngibl& fixed assets Proceed5 from Investment Proceeds from disposal of other investments Investment income received 114,5001 701 1203,5281 17821 44,094 3,250 176,462 i(N),000 45,800 Net cash generated fromllused Inl Investlng actlvltles 325,512 1174,0151 Net cash generated from financing activities Net increaselldecreasel in cash and cash equivalent5 114,003 1183,8891 Cash and cash equiv31entS at beginning of year 154,128 338,017 Cash and Cash equivalents at end of year 268,131 154,128 Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl
THE OPEN-AIR MISSION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ountinK policies Charity information The Qpen-Air Mission is a private company limited by guaontee incorporated In England and Wales. The regISted office Is 5 Briar Close, Banbury, Oxfordshire, OX16 9DS, England. 1.1 Accourrting convention The financial statements hav& beÈn prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 -The Financial Reporting Stsndard applicable in the UK and Republic of Ireland" I'FRS 102,1 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 applicabl& in the UK and Republic of Ireland IFRS 1021 leffectivÈ l January 20191. The charity is 2 Public Benefit Entity as defined by FRS 102. The financial statements 3r& prepared in sterling, which is the function31 currency of the ch3rity. Monetary amounts in these financial statements 2re rounded to the nearest £. The financial st8tements have been pr&pared under the historical cost convention. modified to include the revaluation of freehold properties and to include inv&stment prop&rti&s ènd certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Going concem At the time of approving the financial statements, the committee members have a reasonable expectation that the charity has adequate re50urce5 to continue in operational existence for the foreseeable future. Thus the committee member5 Continue to adopt the going concern basis of accounting in preparing the finaricial statements. 1.3 Charitable fund5 Unrestricted funds are available for use at the discretion of the committee members in furtherance of their charitable objectives. Funds have been designated to the value of the tangible fixed ass5 and investments held. This is to reflect that the monie5 invested in these assets are not freely available to spend without realising the a55ets which would restrict the generation of future incorne for the charity. Restricted funds are subject to specific conditions by donors or grantors 8S 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 charity is leg311y entitled to it after any performance condition5 have been met, the amounts can be measured reliably, and it is probable that income will k>e received. Cash donations a recognised on receipt. other donations are recognised once the charity 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 ol covenant is recognised at the time of the donation. Legacie5 are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount 15 known, and receipt 15 reasonably certain. Income from trading activities relate to the sale of literature. and is recognised when goods are sold. Amounts received in relation to the supporters, conference are recognised in the accounting period in which the conference takes place. Amounts received in advance a carried as deferred income. Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl
THE OPEN-AIR MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ountlng pollcles Icontlnuedl Investment income is included on the accruals basis. 1.5 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that 3 transfer of economic benefits will be required in settlement, 2nd the amount of the obligation can be measured reliably. Expenditure is tlassified by activity. ThÈ costs of each activity arÈ made up of the total of direct tosts and sharèd 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 activit¥ are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of titne spent, and depreciation charges are allocated on the portion of the a55et S Use. The committee ha5 charged all evangelists, Costs, distributed literature and supporting services to charitsble activttie5, including the pensions of past employee5. Deputation speaker's costs under cost of generatin8 gifts and donations represents 5% of evangelists, salaries to take account of the deputation work they undert4ke in Churches and school a55ernblie5. The Field Operation ManaBer'5 salary has been allocated as 75% direct charitable activities and 25% administration to recognise the time Spent carrying out evangelistic work and preaching. Administrative salaries and costs associated with the Mission headquarters have been shown as support costs under charitable activities. The costs of complying with the Mission's statutory obligations have been treated as govemance. The Mission is not reBister&d for VAT and is therefore un3ble to reclaim VAT on expenditure., all amounts of VAT are recorded with the sums to which they are charged. Expenditure is charged to the accounts on the accruals basis. 1.6 Tanglble flxed assets Tangible fixed assets are initially measured at cost arid subsequently measured at cost or valuation. net of depreciation and any irnpairment105se5. Depreciation 15 recogni5ed so a5 to write off the cost or valuation of assets le55 their residual values over their useful lives on the following base5'. Fixture5 arid fittings Computers Motor vehicles Straight line over 5 years Straight line over 5 years 25% reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the c3rrying value of the asset, and is recognised in the statement of financial 3ctivities. Small iterns Costing less than £1,000 are not capitalised but treated as expenses in the year of purchase through the statement of Financial Activities. 1.7 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, 2nd are subsequently measured at fair value at each reporting date. Cash held on deposit that does not meet the SORP definition of current asset investments are recorded within fixed asset investments at their carrying value. Changes in fair value are recognised in net incomellexpenditurel for the year. Transaction costs are expensed as incurred. Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl
THE OPEN-AIR MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ountlng pollcles Icontlnuedl 1.8 Impairment of fixed assets At each reporting end date, the charity reviews the carrying arnounts of its tangible assets to determine whether there is any indication that those assets have Suffered an impairment loss. If any such indication eK15ts, the rectsverable amount of the 355et 15 estimated in order to determine the extent of the impairment1055 lif any). 1.9 Stock5 Inventories of tracts, booklets and CD'S are valued at the lower of cost and net realisable value, based on an average estimated cost. M8ny of the items of inventory are given away freely le3ding to a net reali58ble valu& of £Nil, whilst other are sold. A stock provision is calcu13ted for freely distributed items. based on the proportion given away during the financial year. Net realisable value is the estimated selling price, less all estimated Costs of completion and costs to be incurred in markÈtinE, sÈllinz and distribution. 1.10 Cash and tash equlvalents Cash and cash equivalent5 include cash in h3nd, deposit5 held at call with b3nks, other 5hort-term liquid inve5tmentS with original maturitie5 of three rnonths or less. and bank overdrafts. Bank overdrafts are shown within borrowing5 in 1.11 Financial instrument5 The charity has elected to apply tho provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised In the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial a55ets and liabilitie5 are offset, with the net amounts presented in the financial 5taternent5, when there 15 a legally enforceable right to set off the recogni5ed amounts and there 15 an intention t0 settle on a net basis or to reali5e the asset and settle the liability simultaneously. Bosl¢Alnt¥ncl#lossets Basic financial assets, which include debtor5 and cash and bank balance5, are initially measured at transactioTr price including transaction costs and are 5ub5equently carried at amort15ed c05t using the effective interest method unles5 the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a rnarket rate of interest. Financial a55et5 classified as receivable within one year are not amort15ed. 8osl¢Alnun¢lulllobllltles Basic financial liabilitie5. including creditors and bank loan5 are initially recogni5ed at transaction price unle55 the arrangement con5titute5 a financing tran5attion, where the debt in5trurnent 15 measured at the present value of the future payments discounted at a market rate of interest. Financial liabilitie5 classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised c05t, 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 Pay3ble are classified as current li3bilities if payment is due within one y&ar 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. 10- Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl
THE OPEN-AIR MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ountlng pollcles Icontlnuedl Derecognition offinonciol liubilitie5 Financial li8bilities are d&recognised when the charity's contractual obligations expire or are discharged or c8ncelled. 1.12 Taxation As a registered charity, the Mission has no liability to United Kingdom corporation tax. 1.13 Employee benefits The cost of any unused holiday entitlement 15 recognised in the period in which the employee's services are received. Termination benefits ar& recognised immediately as an expense when the charity is demonstrably cornrnitted to terminate the employment of an employee or to provide termination benefits. 1.14 Retirement benefrts The pension costs charged in the accounts repsent the contributions payable by the Mission during the year in accordance with FRS17. Staff are being provided through a discretionary defined contribution pension scheme with the a55ets held Separately from those of the Mission in a fund administered by Friend5 Life. Crlilcal accountlng estlmates and lud8ements In the application of the charity'5 accounting policies, the committee member5 are required to make judgement5, estimates and assumptions about th& carrying amount of 8ssets and liabilities that are not readily apparent frorn other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Artual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to 8ccounting estimates are recognised in th& period in which the estimate is revised where the revision affects only that p&riod. or in the period of the revision 3nd future periods where the revision affects both current and future periods. Income from donatlons and legacles Unre5tricled funds 2024 Unrestricted funds 2023 Donations and gifts Leg3cies 433,582 127,777 356,064 130,141 561,359 486,205 Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl
THE OPEN-AIR MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from tharitable activities Unrestricted Unrestricted fund5 2024 fund5 2023 Actlvltles In furtherance of the charlly's objects S31e of le8fl&t. booklets, CDS and event income 20.692 20,598 Income from investments Unrestricted funds Vnrestrirted lunds 2023 2024 Income from listed investments Interest received from listed investments 36,841 8,959 35,479 8,615 45,800 44,094 Other income Unrestrlrted funds Vnrestrlcted fund5 Z024 20Z3 Net gain on disposal of tangible fixed assets 877 12- Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl
THE OPEN-AIR MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure on raisin%funds Unrestricted funds 2024 Unrestricted funds 2023 Fundraising and publi¢ity Advertising Other fundraising cost5 Staff costs 438 13,035 27,447 17,210 24,846 40,920 42,056 Trading costs Other tr8ding activities 36,677 24,549 Total costs 77,597 66,605 Expenditure on charitable activities Charitable activities 2024 a)aritable activities 2023 Dlrert ¢osts Staff costs Depreciation and irnpairrnent Direct costs Insurance 560,562 3,738 22,855 11,234 49,826 4,458 7,224 1,392 507,905 6,012 24,068 12,987 46,257 6,784 3,386 3,782 Motor expenses Sundry Beach mission Bible Exhibition expenses 661,289 611,181 Share of support and governance costs (see note 91 Support Governance 85,253 8,202 86,156 6,509 754,744 703,846 Analysis by fund Unrestricted fund5- general Unrestrirtod funds- designated 751,006 3,738 697,834 6,012 754,744 703,846 Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl
THE OPEN-AIR MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support Costs allocated to activities 2024 2023 Staff costs Rent and rate5 Light and heat Telephone Printingi P05tage, Stationary and cotnputer costs Governance costs 59.064 7,698 63,738 1,762 12491 894 1.187 17,304 8,202 20,011 6,509 93,455 92,665 Analysed between: Charitable attivities 93,455 92,665 2024 2023 fjovernan¢e ¢osts ¢omprlse: Audit fees Accountancy Leg81 and professional Share of 5UPPOrt costs 2.100 3,210 1.630 1.262 2.000 2,678 1,088 743 8,202 6,509 10 Net movement in funds 2024 2023 The net movement in funds is stated after charBing/lcreditingl'. Fees payable for the independent examination of the charlty's financial statements Depreciation of owned tangible fixed 3SS&ts IProfitl11055 on di5P05al of tangible fixed 355et5 2,100 3,738 18771 2,000 6,012 1,702 14- Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl
THE OPEN-AIR MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 li Committee Members None of the Committee members lor any persons connected with them) received any remuneration during the year. During the year, two trustees were reirnbursed a total of £1,262 12023.. two tru5tee5 reimbursed a total of £7431 for travel expenses and other direct costs. Total donations received from the trustees and their related partie5 during the year was £5,82312023.. £3,546). Total sales received from the trustees and their related parties during the year was £3912023.. £Nill. A relative of one trustee was employed by the charity during the year and received a gross salary of £4,798 12023.. £6,606). During the year, £88112023-. £9121 was spent on Trustee and Professional Indemnity Insurance. The purpose of this insurance is to cover both the Committee members and the Mission. There were no other disclosable related party tnsaCtIOnS during the year. 12 Employees The 3verage monthly number of employees during th& year was.. 2024 Number 2013 Number Evangelists Office and support staff 16 15 Total 20 19 Employment costs 1024 20Z3 Wages and salaries Social security costs Other pension costs 561,197 46,819 39,057 517,603 43,057 35,829 647,073 596,489 There were no employees whose annual remuneration wa5 rnore than £60,000. Remuneration ol key management personnel The r&muneration of key management personnel was as follows.. 2024 2023 Agzregate remuneration 84,554 83,399 Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl
THE OPEN-AIR MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Other expenditure Unrestricted funds 2024 Unrestricted funds 2023 Net loss on disposal of tangible fixed a55ets 1,702 14 Galns and losses on Invesiments Unrestricted funds designated 2024 Unrestricted funds designated 2023 G8inslllosses1 arising on.. Revaluation of investments 48,058 23,223 IS Taxation The ch3rity is exempt from taxation on its activities bec3use all its income is applied for charitable purposes. 16 Tangible fixed assets Fimtures and flttlngs Computers Motorvehi¢les Tot•1 Cost At l January 2024 Dispos21s 13,003 2,416 45,650 iio,0001 61,069 iio,0001 At 31 December 2024 13,003 2,416 35,650 51,069 Oepreciation and impaimient At l January 2024 Depreciation ch3rged in the ye3r Eliminated in respect of disp05a15 13,003 1,190 483 30,259 3,255 17,6271 44,452 3,738 17.6271 At 31 December 2024 13,003 1.673 25.887 40,563 Carrying amount At 31 December 2024 743 9,763 10,506 At 31 December 2023 1,227 15,390 16,617 16- Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl
THE OPEN-AIR MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Fixed asset investments Listed investments Other investments Total Cost or valuation At l January 2024 Valuation changes Disposals 1,306,605 48,058 iioo,0001 373.528 1,680,133 48,058 1276,4621 1176,4621 At 31 December 2024 1,254,663 197,066 1,451,729 Carrying amount At 31 December 2024 1,254,663 197,066 1,451,729 At 31 December 2023 1,306,605 373,528 1,680,133 2024 20Z3 Other investments comprise.. Notes Non-current cash investments 197,066 373,528 2024 ZOZ3 Listed investments included above.. Listed investments tarrying amount 1,258,364 1,306,605 Flxed asset Investments revalued Investments have been revalued to their open market value 8t the year end. Listed investrnents 8re v81ued with reference to the London Stock Exchange. All remaining investm&nts ar& long-term cash investments and are therefore included at their redeemable value. 18 Stocks 2024 2023 Finished goods 3nd goods for resale 10.723 21,125 A5 Outlined in the accounting policie5, a provi5i0n is made each year to impair the c105ing inventory valuation, thu5 recognising the proportion of Stock that 15 given away Ifree of charge) as part of the Mi55ion's charitable activitie5. An impairment of £10,72312023.. £7,042) has been reflected in the Statement of Financial Activities. Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl
THE OPEN-AIR MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Oebtors 2024 2023 Amounts falling due within one year: Trade debtors Other debtor5 Prepayments and a¢¢rued income 93 58 46.741 9,850 69,284 11,573 56.684 80,915 Included within Other debtors above are £40.700 12023.. £59.2001 of legacies debtors which the Mission has been notified of, and which Can be quantified with reasonable accuracy. There remain other legacies of which the Mission has been notified, which are as yet not able to be quantified, and hence these have not been included in the accounts. 20 Creditors.. amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income 2,463 5,310 2,293 5,070 7,773 7,363 21 Retlrement benefft schemes 2024 2023 Delined contributitsn schemes Charge to profit or105s in respect of defined contrik>ution schemes 39.057 35,829 The charity operate5 a defined contribution pension scherne for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 22 Restricted funds The restricted funds of the charity comprise the unexpended b31ances of donations and grants held on trust subject to specific conditions by don0 as to how they may be used. The Bible Fund represents monies given for the purchase of new Bibles. Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl
THE OPEN-AIR MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 23 Unre5tri¢ted funds- designated The income funds of the Mission include the following designated funds which have been set aside out of unrestricted fund5 by the Cornrnittee Mernbers for the generation of future incorne. At l January 2024 Resources expended TransfersGalns and losses At 31 December 20Z4 Tangible fixed assets InvEStments 4.519 1,692,231 13,7381 9,72S 1288,5601 10,506 1.451,729 48.058 1,696.750 13,7381 1278,8351 48,058 1,462,235 Previou5 year: At l January 2023 ReSoue$ expended TransfersGains and losses At 310ecember 2023 Tangible fixed assets InvE5tments 10,531 1,452,599 16,0121 4,519 1,692,231 216,409 23,223 1,463,130 16,0121 216,409 23.223 1,696,750 Fund5 equal to the net book value of tangible fixed a55et5 and market value of investments (including the revaluation reservel are designated to reflect the restrictions that the assets impose upon the availability ol reserves,. the money tied up in property and investrnents Is not free to be spent as these 35sets are essential tts the ongoing tsperations ol the Mission. Premises are required to operate Irom and the investrnents generate rnuch needed income to 5upplernent supporters, donations. Movements on these funds represent additions and disposals to these categories of a55ets, a5 well a5 depreciation and value adjustment5 a5 appropriate. 24 Unrestricted funds The unrestricted funds of the charity cornprise the uneKpended balances of donations and grants which are not subject to specific conditions by donor5 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 l January 2024 Incoming resOUe5 Resources expended Transfers At 310ecember 2024 General funds 248,805 628,728 1828,6031 278,835 327,765 Prevlous year: At l January 2023 Incomlng resources Resources expeniled Transfers At 31 December 2023 General fund5 680,458 550,897 1766,1411 1216.4091 248,805 19- Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl
THE OPEN-AIR MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 25 Analysis of net assets between funds Unrestricted Unrestricted Total fund5 genernl 2024 funds de$l)ated 2024 2024 At 31 December 2024.. Tangible a55ets Investments 10.506 1.451,729 10,506 1,451,729 327,765 327,765 327.76S 1.462,235 1,790,000 Unrestrlcted funds general 2023 unrerICted funds designated 2023 Total 2023 At 31 December 2023.. Tangible a55ets Invpstments 16.617 1,680,133 16,617 1,680,133 248,805 248,80S 248,805 1,696,750 1,945,555 26 Related party transactions There were no di5c105able related party transactions during the year 12023 disclosed under note 11 Committee Members. none), other than the tran5action5 20- Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl
THE OPEN-AIR MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 27 Cash absorbed by operations 2024 2013 Deficit lor the year 1155,5551 1198,0361 Adju5tment5 for: Investment in¢orne recognised in statement of finan¢ial activities (Gainllloss on disposal of tangible fixed assets Fair value 8ain5 and105se5 on inve5tment5 Depreciation and impairment of tangible fixed assets 145,8001 18771 148.0581 3,738 144,0941 1,702 123,2231 6,012 Movements in workinK capltal.. Decre2se/lincre2sel in stocks Decrease in debtors Increase/ldecreasel in creditors 10,402 24.231 410 18,4681 256,805 15721 Cash absorbed by operation5 1211.5091 19,8741 28 Analysis of change5 in net fund5 The charity had no materi81 debt during the year. 21 Doc ID". 26992824ca9886753cc7dd2e6204452a5398cbfl