REGISTERED COMPANY NUMBER: 01429772
REGISTERED CHARITY NUMBER:285834
SHIRE TRAINING WORKSHOPS LIMITED
TRADING AS OPENHOUSE
Report of the Trustees and
Unaudited Financial Statements for the Year Ended
31st March 2024
111
•OIIFHnIZ*
0811112024
COMPANIES HOUSE
*190

SHIRE TRAINING WORKSHOPS UMITED
TrADING AS OPENHOUSE
Q>ntents ofthe Hr4r*clal Sl•temen
YEAR ENDÉD 31 MARCH 2024
Rèport of the Trustees
Independent Examiner's Report
Staternent of Financil Actmtses
Salance Sheet
Cash Flowstatement
Notes to Cash Flowstatemettt
Note5 to the Finantial Statemen
Detailed Statement of Financil Artivltes

SHIRE TRAINING WORKSHOPS LIMITED
TRADING AS OPENHOUSE
REPORT OF THE TRUSTEES
for the Year Ended 31 Marth 2024
The trustees who are also directors of the charity for the purposes of the Companies Act
2(Ki6, present their report with the financial statements of the charity for the year ended
31 March 2024. The trustee5 have adopted the provisions of Accounting and Reporting by
Charities: Statement of Recommended Prartice applicable to charities preparin8 their
accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 (effective l January 2019).
OBJEcfivES AND AcrivrriES
Our Wision..
Supportin8 vulnerable people to live full and independent lives.
Our Mlsslon:
To enable individuals to discover their potential through providin8 a safe environment
where they can live, thrive. and receive support to transition to their next step in life.
Our Values:
Inte8rity
We are honest. gracious. and respertful, and committed to
working to the best of our abilty.
We empathise and feel coMpel￿d to alleviate someone's
suffering.
Cornpasslon
Excellence
We are committed to providing the best quality service to
everyone who is part ofthe OPENhouse family.
Core Princlples:
Holistically supporting vulneral￿e and disengaged individua15 to become
independent.
Celebrating individual uniqueness arKI diversity of Servi￿ users and staff..
defflonstrating equality across the organisation.
AC￿ptIng everyone for who they are and where they are in their lives.
Providing a welcoming Space for all ages io live. thrive. and feel secure.
Remaining confident in our own ability to help others and continually
developing ways in which we tan improve our service.

SHIRE TRAINING WORKSHOPS UMITED
TRADING AS OPENHOUSE
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2024
The primary objects of the Charity are:
To support people who throu8h their sotial and economic circumstsnces, are
in need or unable to gain employment:
To help vulnerable people to develop in every area of their lives as they grow
s individuals and become attive rnembers of 50ciety'
To provide supported hou5in8 to vulnerable people who are in need due to
social and economic circumstances:
To provide supported housing and floating support to vulnerable people with
multiple mental health needs.
Charftsble actmtles:
OPENhouse provides housing and support for homeless and vulnerable people with
multiple and complex needs. Our key aim is to effectively facilitate the transition of our
service users from a position of vulnerability and dependency to livin8'fully functioning
lives, within their capacity to do so.
This 15 achieved in three independent yet interdependent ways through..
Housing and Support for individuals at risk of homelessness or who are
homeless. This does not simply involve finding individuals accommodation but
working with them to achieve their potential and learn life skills, enabling
them to make a positive contribution to the community rather than livin8 a life
of dependency:
Housing and Support for individuals with mental health conditions. We provide
a residential setting within the community where we focus on developing
individual ability to manage diagnosed needs.
Floating Support Iln-homel for people with complex needs who are living
independently.
Page 2

SHIRE TRAINING WORKSHOPS LIMrrED
TRADING AS OPENHOUSE
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2024
OBJEcfivES AND ACTIVITIES
Public benefit
OPENhouse welcomes all people regardless of personal background. faith, gender or
personal circumstances and we believe this philosophy of openness to all enriches
everyone through the sharing of the skills. values and life experiences.
Our 5troud sites provide the local community with centres for a variety of activities and
events for many groups. We believe equal access to our services is vttal to our succe55 and
that successful outcomes must be shared by all communities that use our services. We
believe in working with other organisations to broaden the impact and inlluence we have
with the varied people we work. with. Our skills can be applied to all ages and abilities and
our service can be beneficial to vulnerable individuals from all walks of life.
Each area of OPENhouse works carefully to refine their practice to achieve a careful
balance between growing the organi5ation and not diluting the high quality of service
delivery or OPENhouse's Mission, Vision. Values and Core Principles. Sharin8 information,
knowledge and expertise is crucial to our success and our ability to respond to a rapidly
changing landscape. All members of staff and service users are encouraged to be curious.
ask questions and be prepared to kindly challenge and discuss to reach agreement as a
team.
Trustees pay careful attention to the Charity Commissioners guidan￿ on public benefit
and the activities carried out are consistent with those requirements. To this end the
charitable objectives have been updated on the Charity Commission website.
OUR WORK:
Enhanced Living and support [EST]
The Enhanced Support Team provides specialist support forthose in theirown homes and
within our self-contained flats at Delmont's Lot. Throughout 2023124 we supported 2
service users in self-contained accommodation at Delmont's Lot who have -non-comple
mental health conditions.
6 individuals have been supported in independent flats and 11 service users Within our
floating support 'in-home' service. Most of the individuals we work with have some form
of non-complex mental health need. Autism or Learning Difficulties and rely on continued
planned support. Recently some residents from Painswick Inn have benefited from usin8
Delmonts Lot as a transition service whilst they are waiting for a permanent provision
from the District Council. This ha5 been extremety succe55ful and a service we intend to
continue.
Page 3

SHIRE TRAINING WORKSHOPS UMITED
TRADING AS OPENHOUSE
REPORT OF THE TRUSTEES
for the Year Ended 31 Marth 2024
Entrenched Rough Sleepers
OPENhouse has the facilityto accommodate 10 rough sleepers in Painswick Inn. This
Stroud District Council funded project has provided person centred accommodation and
trauma informed support and as a result the service has transitioned 7 people during this
financial year.
In its simplest form this project houses 10 vulnerable rough sleepers taking them off the
streets. keeping them safe and supported. The social value of providing accommodation
to people who find themselves rough sleeping has a benefit to the comrnunity as well as
enhanced individual wellbein&
OPENhouse have continued to provide a bed for the {SWEP) severe weather emer8encv
protocol scheme throughout the winter. An extremely vulnerable individual has been
housed in this facility since March 2023 as OPENhouse were acknowledged to be the only
solution for this individual in the County.
ACHIEVEMENT AND PERFORMANCE
A review of Ihe tharity's business
Throughout 2023124 OPENhouse has continued to provide supported hou5in8. and non-
complex support for homeless people and vulnerable individuals. OPENhouse is
establishing a positive reputation locally for this work and continues to achieve the key
performance indicators set by central government funders. Strategically the CEO and
Trustees agreed that OPENhouse needed to widen its remit to include all vulnerable
people in society which would future proof the charity by being able to respond to
immediate local and county needs.
The main objectives for the year ending 31 March 2024 were:
Ensure our service users are at the heart of everything we do by providing
supportive environment where they can live and feel valued.
Focu5 on the commuftity we seNe by providing a 5UPPOrtive environment and
building relationships where individuals feel safe and where they have the
capacity to take ownership of their own thallenges and successes.
Maximise income and minimise voids across the charity to be 95% capacity as
on average for the year.
Review the overall site to complete an investment schedule of work5 in line
with Health & Safety ￿gUlations.
Page 4

SHIRE TRAINING WORKSHOPS UMITEO
TRADING AS OPENHOUSE
REPORT OF THE TRUSTEES
for the Year Ended 31 Marth 2024
Key Outcomes:
Achieve All Age Disabilities Framework Contract Re-Tender
Maintain Rough Sleepers Contract tonsistently meeting set KPI's
Full H&5 review and assessment of site
Begin building project for Direct Access Pod
Re-purpose Delmonts Lot communal areas to fvlfil key aims and objectives
ACHIEVEMENT AND PERFORMANCE
Financial Revlew
The Charity's income was £542,199 in 2023-24 against an expenditure of £S17.504 leavin8
a surplus of £24,695 in the year's accounts.
The outstanding debtors has significantly reduced due to proactive credit control.
OPENhouse has a policy of ensuring that debts are repaid and pursued. and we actively
work with each debtor to ensure effettive and sensttive debt recovery. Each department
has responsibility for their own budgets and works collaboratively with Senior
Management Team to control costs, maximise revenue and proactively seek new streams
of funding wherever possible.
Incorne
The Charity continues to benefit from its property portfolio with Commercial leases, and
Hall hlre contributing £66.866. this is slightly reduced due to the loss of a three year lease.
Our principal funding streams come from Gloucestershire County Council. NHS and Stroud
District Council contracts.
Expendlture
Central costs have increased to £337.721 this financial year. This year the Charity ha5
written off £1.118 of historic bad debts from previous years within this year's accounts.
This is a significant decrease from the previous year.
Flxed Assets
Total Assets for the year are £1.525,000 which is made up from fixed assets of £1,025,000
and our property investment portfolio of £51xI,000. The Company applies a strai8ht-line
depreciation rate of 20% to plant and machinery and 15% reducing balance to fixtures and
fittings.
Pa8¢ 5

SHIRE TRAINING WORKSHOPS UMITED
TRADING AS OPENHOUSE
REPORT OF THE TRUSTEES
forthe Year Ended 31 March 2024
The current assets stand at £170.035 with current liabilities of £75,779 with long term
liabilities of £0. The lon8-term liabilities have reduced to zero as the mortgage on
FINANCIAL REVIEW
Reserves policy
The target for reserves not committed or invested in tangible fixed assets held by the
charity should be a minimum of 3 months expenditure for charitable activities. The
Trustees view a target of £IOO.000 in cash funds being desirable. with £60.(X)O being
required to cover three months full staffing costs. The present level of cash furnds is
£154.021 which is an increase on last year.
STRucfuRE, GOVERNANCE AND MANAGEMEKr
Governlng document
The or8anisation is a charitable company limited by guarantee. incorporated on 15 June
1979 (Company Number 014297721 and registered as a charity on 29 November 1982
Icharity Number 2858341. The company was established under a memorandum of
association. which established the objects and powers of the charitable company and is
governed under Its articles of association.
Recruitment and appointment of new trustees
Trustees can be appointed by the existing Trustees at any time throughout the year to fill
a vacancy or by way of an addition to the board provided that the prescribed maximum
1121 is not thereby exceeded. The appointment shall be retained until the next Annual
General Meeting IAGM) when they will be eligible for official election. Trustees delegate
responsibility for the day-to-day management and running of the charity to the Chief
Executive Officer (CEO) and the Senior Management Team {SMT). Trustees review major
strategic, business and operational risks which the charity may face and ensure the
required regular reporting procedures are in place enabling any risks can be identified and
minimised. Throughout the year Trustees are given the opportunity to attend relevant
training courses. including Governance and Safeguardin&
Trustees perform their governance role in line wtth the Charity Commission's guidelines.
Trustees meet on a bi-monthly basis providing specialist information and strategic
support, in line with their skills and expertise.
Page 6

SHIRE TrAINING WORKSHOPS UMIYED
TRADING AS OPENHOUSE
REPORT OF THE TRUSTEÉS
for the Year Ended 31 March 2024
Organlsatlonal Revlew
The most Significant challenge for OPENhouse this reporting year ha5 been the
recruitment of new staff and retention of existing staff. Staff numbers at OPENhouse have
reduced due to streamlining our service5 and a reduction of commissioned hour5 for our
enhanced support residents. Outsourcingoperational functions including HR, H&5 and IT
allows us to access skills and expertise that would be cost prohibttive in house. The
finance function has been bou8ht back in house due to needing an in-depth
understanding of the charity and proactivity with regards to service user debt
management.
The main challenges facing local authorities and Service providers includes. reduced
5TRucfuRE. GOVERNANCE AND MANAGEMEKr
Strategic Direction
Focus on our 5troud based work with vulnerable people, particularly the
entrenched rough sleeper cohort.
Ensure our vision and values are evident in everyday working practice
and procedure.
Agree a new strate8ic direction for OPENhouse in light of local changes
and need.
Build key relationships with the County, District and Town Council and
organisations that support ourwork and align to our values.
Develop new digital frameworks to help staff carry out their day to day
work more efficiently.
Better utilise our website and social media to educate and promote our
work.
Improve staff training and development opportunities to ensure
employees feel well equipped and prepared to deltver an excellent high-
quality support service.
Partner with organisations to help us improve our offer to Staff and
Clients.
Ensure OPENhouse is financially sustainable for the future.
Rlsk Strate8y
The charity's most significant financial risk is proterting present and future sources of
income and its resources. followed closely by control of the processes for paying the
organisation's liabilities.
Page 7

SHIRE TRAINING WORKSHOPS LIMITED
TRADING AS OPENHOUSE
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2024
As the current cohort of residents has changed to a more chaotic entrenched client base
we are at an elevated risk of increased debtors and room damage. Procedures and-
processes have been amended to include tighter screening and should assist to mitigate
risk.
Reduced staff numbers means consequently fewer individuals hold more knowledge. To
reduce operational risk, outsourcing key operational functions such as accounts, IT and
HR reduces the risk of interruption to service delivery should key staff members leave the
or8anisation.
As expenditure on capital assets will be required to maintain the listed buildings. it is
important to ensure investment in maintaining our listed buildings by completing
remedial work to avoid high structural costs in the future and avoidance of contravening
Health & Safety policy.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Adminlstratlon and staff
The SMT meet once a week to plan, make decisions and review performance across all
charitable activities. All key management and strategic decisions are reported to the
Board of Trustees in report form at bimonthly minuted meetings.
P*g¢ 8

SHIRE TRAINING WORKSHOPS LIMITED
TRADING AS OPENHOUSE
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2024
REFERENCE AND ADMINISTRATIVE DEfAILS
Re8iStered Company number
01429772 {England and Wales)
Reglstered Charlty number
285834
Reglstered office
Painswick Inn
Gloucester Street
Stroud
Gloucestershire
GLS IQG
Trustees
R Brinton (Resigned 13 June 20231
S Elliott-mead
J Harrison
A J Warner
Independent Examiner
Miss Sallyj Wainwright ACMA
Isis House
smith Road
Wednesbury
WSIO OPB
Chief Executive Officer
Anna Herbert
Approved by order of the board of trustees on
its behalf by".
.J l.o..i..J. 2oLg.....
and signed on
S Elliott-mead - Trustee
Pa8¢ 9

INDEPENDENT EK4MINERS REPOATTO THE TRUSTEES OF
SHIRE TRAINING WORKSHOPS UMITED
TRADING AS OPENHOUSE
Independent examiner's report lo the trustees of Shlre Tr4lnin¥ Workshops Limited I'the CompanVI
I report to the charity trustees on my examination of ihe accounts of the Company for the year
ended 31 March 2024.
Respgn51bllftles and basls of report
As the charitV'S trustees of fhe Comparty land also its directors for the purposes of company lawl you
are responsible for the p￿ParatIon of the accounts in attOrdan￿ with the requirements of the
Companles A¢t 20061.the 2￿6 Att'l.
Having satisfied myself that the atcounts of the Company are not required to be audited under Part
16 of the 2006 Act and are eligible for independent exarnination, I report in re5pert of my
examination of your charity's accounts as tarried out under section 145 of the Charities Act 2011
I'the 2011 Act'l. In carryin8 oul my exambnation I havÈ followed the Oirections gtven by the Charity
Commission under section 145ISI Ibl of the 2011 Act.
lThlependent examirw's statement
Sinte your charity's gross income e¥ceeded E250,CO) your examiner must be a member of a listed
bo¢fy. I can confirm that l am qualified to undertake the examination because l am a re8iStered
member of Institute ofchartered Management A¢¢ountants. whith is one of the listed bodies.
I have completed my examination. I confimi that no matter5 have come to my attention in
connection with the examination 8ivin8 me ouse to believe:
accounting records were not kept in rwrt of the Company as required by 5ectiort 386 of
the 2C4J6 Art; Or
the accounts do not accord with those re¢ord5: or
the accounts do not Comply with the accounting requirements of sedion 396 of the 2006
Act other than any requirement that the account5 give a true and fair view whith is not
matter ¢onsidered as part of an independent examination- or
the accounts havè not bÈen prepared in accordante with the methods and principles of the
Statement of Recommended
Practi￿ for accounting and reF￿rtIng by charities (applicable to ¢haritie5 preparing their
accounts in accordance with the
Financial Reporting Standard applicable in the UK and RepublTr¢ of IreIar￿ IFRS 10211.
121
141
I have no concerns and have come across no ¢)ther matters ￿ conne¢tion with the examinatM)n to
which attention should be drawn in this report in order to enable a proper understandirva of the
accounts to be reathed.
Sally J Wairhwfight ACMA- Et v￿13 Accountancy servi￿ Limtied
Isis Business Centre, Smith Road. Wednesbury. WSIO OP8
22nd AuÉust 2024

SHIRE TRAINING WORKSHOPS UMITED
ThADING AS OPENHOUSE
STATEMENT OF FINANCIALACTWMES
FOR THE YEAR ENDED 31 Marth 2024
Totsl Funds
Total Funds
F•Jnds
Funds
Z024
2023
INCOMEAND ENDOWME14TS FROM
Donations and legacies
855
855
1.415
Charitable artlvltes
Housin8 and supwt
Enhanced support
Supporting People
Investment Income
Other Income
344.338
1.079
86.C(11
344.338
44.139
86.C#)i
66,866
235.942
59.327
77.041
70.295
43,(
TOTAL INCOME
499.139
43.060
542.199
444.OZQ
EXPENDITURE
Aaisin8 Funds
CbarttableArtl¥lt45
Housing and support
Enhanced support
Education
Central and Support Costs
172.638
7.145
172.638
7.145
142.380
172.074
294.661
43.C
337.721
145,(
TOTAL EXPENDITURE
474.444
517.504
459,454
NEf INCOMEIIEXPENDITUREI
24.695
24,695
115.4341
RECONCILIATION OF FUNDS
Total
TOTAL FUNDS CARRIED
FORWARD
1.619256
1ffi19256
L594.561
P4el

SHIRE TRAINING WORKSHOPS UMftED
TRADING AS OPENHOUSE
BALANCE SHEEr
31st March 2024
Unrestrlrted
Funds
Restricted
Funds
31.3.2024
31.3.2023
FIXED ASSETS
Tangible assets
Investment Property
12
L025mO
soo.(w)o
L525.1
1,025,000
51x1,000
L525,000
1,025,000
5LK).000
1,525.000
CURRENT ASSETS
Debtors
Cash at bank
16A114
141M21
16,014
154.021
22.282
137.533
IS7.035
.000
170,035
159015
CREDITORS: Amounts f•lllng due
within one year
Is
162,779)
its,000)
175,n91
135.7831
NEf CURREt4T ASSErs
94.256
94,256
124,032
TOTAL ￿E[S LESS CURRENT
LIABIUTIES
619
CREOITORS
Amounts falling due after more
than one year
NEf ASSETS
16
154.471)
1.619.2S6
1,619,256
1,594.561
FUNDS
Unrestri¢ted funds
General fund
Restricted Funds
I￿19,256
1,594,561
TOTAL FUNDS
1.619.256
1.594.561
The charitsble company is entitled to exemption from audit under Seciion 477 of the Companies A¢t 2(116 for the year
ended 31 March 2024.
The members have not required the company to obtsin an audit of its finan¢ial statements for the year ended 31
March 2024 in accordance with Sertion 476 of thÈ Companies Act X*J6.
The trustees acknowledge their responsibility for
al ensurin8 that the charitable company keep5 ac¢ouniing records thai comply with Sections 386 and 387 of the
Companies Ad 2006 and
bl preparing fin•ncial 5tatemenis whi¢h give a tnte artd falr view of the state of affairs of the charitable company as at
the end of each finanoal year and of its surplus or deficit for each financial yèar in accordance with the requirements
of Sections 394 and 395 and which otherwise compty with the requirements of the Companies Act 2006 relating to
financial statements. $0 far as applicable io the chafltable comparly.
These financial statements have been prepared in ac¢ordan¢e wtth the pr￿lSIonS applicable to charitable companies
subject to the small companies regime.
The financial statements were approved by the Board of Trustees on tst September 2024 and were signed on Its
behalf by-
S Elliott Mead- Trustee
Page I

SHIRE TRAINING WORKSHOPS UMITED
TRAOING AS OPEIIHOVSE
NOTESTO THE
SH FLOW STA7EMEI4T
for the Year End 31 Marth 2024
I. RECONCILIATION OF NEf EXPENOIWRE TO MEfcASH FLOW FROM OPERATING ACTIVITIES
31.3.24
31.3.23
Net expenditure for the reportSnE perlod {as per
the Statement of Flnancial Aciivltknl
Adjustmènts for:
Depieciation charges
L0s5llprofitl on disposal of fi¥ed assets
Interest paid
Decrease in debtors
Decrease in creditors
24.695
14,091
2,394
6.268
114.4751
4,485
Net cash provlded byoperatlons
18,882
18.576
2. ANALYSIS OF CHAPIGES IM NET {OE8T)IFUNDS
AT 1.4.23
Cash Flow
31.3.24
Net Cash
Cash at bank and in hand
137,533
16.488
154,021
137.S33
16.488
154,021
Oebts falling due within l yeai
Debts falling due after I year
{35.7831
{54.4711
39,996
154.4711
175,779)
14.475
75.779
Total
47.279
78,242
Page I

SHIRE TRAINING WORKSHOPS UMITED
TRADING ASOPENHOUSE
Note5 to the financial Statements
For the yeaT e•Mled 31 March 2024
ACCOUNTJNG POUCIES
Basls of preparlngthe finandal statements and asse55meni of Koin8 concern
The financial statements of the charttable company. which is a publi¢ benefit entity under FRS 102,
have been prepared in accordance with ihe Charities SOAP IFRS 1021 'Accounting and Reporting by
Charities-. Statement of Re¢ommended Practice applicable to charities preparing their a¢counts in
a¢cordance with the Financial Repofting Standard applicable in the UK and Republic of Ireland IFRS
1021 (effective l January 20191,, Financial Reportin8 Standard 102 The Financial Reporting Stsndard
applicable in the UK and Republic of Irdand. and the Companies Art 2LI)6. The finanaal statements
ha¥e been prepared under the historical Cost conwition.
The trustees consider that there a￿ no material uncertaintie5 about the charity's ability to continue
as a going toncern.
Income
All income is re¢o8Trised in the Statement of Financial Artivities once the charity has entitlement to
the funds, it is probable that thè intome will be received and the amount can be measured re5iably.
E¥pendlture
Liabililie5 are recoBnised as expenditure as soon as there is a legal or construrtwe obligation
committing the charity to that expenditure. it is probable that a transfer of economic benefits will be
required in settlement and the arnount olthe obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has bÈen dassified under headtngs that aggregate all cost
related to the category. Where eosts cannot be dirertly attributed to particular headings they have
been allocaied to a¢ti¥ities on a basi5 consistent with the use of resources.
Tan8lble flxed a55ets
Depreciation is provided at the foll¢)wing annual rates in order to write off each assÈt ts￿r its
estimaied useful life.
Plant and Machinery- at varying rates on ¢osi
No depreoation is chaTge(l in respect to freehold land and buildir
Investment propertv
Investment property is shown at most recent valuation. Any a88regate surplus or deficit arisin8 from
chan8es in fair value is recognised in the Statement of Finanoal Activities.
Taxatlon
The charity is exempt from corporation tax on its charitatAe acti￿ties.
Oebtors
Trade and other debtors are recognised at the settlerrtent amount.
Prepayrnents are valued at the amount prepaid.
Cash at bank and in hand
ash at bank and in hand in¢lude5 cash, current bank accounts and deposit bank accounts with no
withdrawal limitations.
Page I

SHIRE TRAINING WORKSHOPS LIMITED
TrADING AS OPENHOUSE
Notes to the IInancl￿ Statements
CredStors
Creditors are recognised where then charity has a present obligation resulting from a past event that
will result in the transfer of funds to a third party and the amount due to settle the obltEation can be
rneasured or estimated reliawy. Creditors are recognised at theif settthent amount.
Fund •ttountlnz
Unrestricted funds ¢aft be used in accordance with the tharitsble objertNe5 at the discretion of the tru
Restrirted fvnd5 can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when fund5 are raised for particular restricted
Further explanation of the nature and wrpose of each fund is induded in the noies io the financial
statements.
Pen￿On costs and other post-retlrernent benefits
The charitable company operates a dèfined contribution pension scheme. Contributions payable to
the charltable company's pension scheme are charged to the Statement of Financral Attivities in the
period to which they relate.
Slgnlficant e5timate5 and judgments
Preparation of the financial statèmènts rÈquirÈs management to make significant judgments and
estlmates. The itern5 in the financial statements where these Judgments and estirnates have been
Useful economic livès of tangible assets
Significant e5tlmates and ludgments
the annual depreciation Chaige of the tangible assets are sensitNe to change5 in the estimates useful
economic lives and residual value of the assets. The useful economic lives and residual values are
amended when necessary to reftect current estimates. economic utili5ation and the physical condition
of the assets. See the Tangible Fixed Asset note for the carryin8 amount of the assets
Impalrment of debtor5
The charity makes an estimate Df the recoverable value of trade and other debtor5. When assessing
impairmeftt of trade and other debtors. management considers fa¢tOfS including the current credit
rating of the debtor. the aging profile of debtor5 and historical experience. See the Debtors note for
the carrying value of debtors after the a￿0Clated impairment
ACCOUNTING POUCIES It￿tInUe￿I
F5nanclal Inslruments
The charity only has finanoal a55ets and financial liabilitie5 of a kind that qualify as basic financial
instruments. Basic financial instruments are initially settled at transactlon value and subsequently
measured at their settlement value.
Page 2

SHIRE ThA5NING WORKSHOPS ￿￿￿ED
TRADING ASOPENHOUSE
Notes to the financlal Statemenls
2. DONATIOPIS AND LEGACIES
31.3.24
31.3.23
Donations
Grants
855
786
629
8SS
1.415
Grants receNed, included in the above, are as foll(x¥s:
31.3.24
31.3.23
Covid Grant- Government funding
Columbia Threadneedle
CIG
Work Force Capatity fundin8
629
3. INvÉsfMENT INCOME
31.3.24
31.3.23
Rents Recelved
Interest Received
64.077
2,789
70.004
291
66.866
70.295
INCOME FROM CHARITABLE Acnvff
31.3.24
31.3.23
Activity
Housing and support
Housing and 5UPPOrt
Enhance(I support
Supporting People
Residents Rents & Charges
Enhanced Support
86.￿1
344,338
44,139
77.041
235.942
59,327
474.478
372.310
5. RAISING FUNDS
Raisin8 donatlons and le8xies
31.3.24
31.3.23
Fundraising Costs
P4ge 3

SHIRE TRAINING WORKSHOPS UMITED
TrADING AS OPENHOUSE
Notesto the financial Statements
6. CHARITA8LE AcfiviTES COSTS
Direct Costs Support Costs
Isee note 71
Totals
Housing and support
Enhanced support
Central and Sijpport Costs
172.638
7.145
294.661
172.638
7,145
337,721
43.OEQ
474,444
43.060
S17.504
Pag¢ 4

SHIRE TRAINING WORKSHOPS UMITED
TRADING AS OPE14HOUSE
Notes to the flnancla stsiements
7. SUPPORT COST5
Finan
Governance
Totals
Housin8 and Support
Enhanced Ctssts
Central and support costs
9.035
9,035
340
340
33,685
42,720
34.025
43.060
8. NEf IMCOME/IEXPENDifuRE)
Net in¢¢)me/lexpenditurel is stated after charginyjlcrediting):
31.3.24
31.3.23
Depreciation owned assets
IDeficitllsurplus on disposal of fixed assets
Independent Examination
415
9. TRUSTEES REMUNERATION AND 8ENEFtrs
For the year ended 31st March 2024, theie was £33.3￿l2o23.. £17.(￿) paid to tfustee as
con5uliancy fees as the trusiee spent a considerable amount of time within the charity-
Trumees, expe1￿$
There were no trustees, expenses paid for the year ended 31 March 2024 nor for year ended 31
March 2023.
Key m•na8ement p¢r%141nel
The remuneration lor the key management personnel amounted to £73,32912023.. £63.1041 . The key
management personnel comprised of the CEO and servi￿ Delivery Manager
10. STAFF COSTS
31.3.24
31.3.23
Wages and salariès
Social Security Costs
Other pension costs
281.723
13,521
7,145
276,926
6,670
8.009
302.389
291.605
The avera8e rnonthty number of employees during the year was as follows:
31.3.24
31.3.23
Housing
Adminstration
No employees received emoluments in excess of £60.tJX).
Pa8¢ 5

SHIRE TRAINING WORKSHOPS UMifEO
TRADING AS OPENHOUSE
Note5 to the financial Statements
11. COMPAIiATIVES FOR THE ￿ATEMENT OF FINAMCIAL ACTivmES
Unrestrlcted
Funds
Ilestrlcted
Funds
INCOME AND ENDOWMENTS FRIJM
Donations and le8a¢res
855
CharltableaLthltes
HOU￿￿# and support
Enhanced support
430,339
44.139
Investment Incorne
Other Income
64,077
2.789
TOTAL INCOME
542.199
EXPENDITURE
Ra151n8 Funds
Charitable Actlvltes
Housing and support
Enhanced support
Central and Support Q)sts
172.638
7.145
337,721
TOTAL EXPENDITURE
517,504
NEf INCOMVILXPENOITURE
24.695
REC014CIUATKIN OF FUNOS
Total funds brought fonvard
TOTAL FUNDS CARRIED
1.619.256
12. TANGIBLE FIXED ASSErs
Freehold
Property
Plant and
Mathinery
Fixture5 and
Fittings
cosr OR VALUATIQM
At l April 2023
1,025.((rfJ
23.590
97,704
At 31 March 2024
1.025.DcKJ
23.590
97.704
DEPRECIATION
At l April 2023
At 31 Marth 2024
23.590
97.704
NEf BOOK VALUE
At 31 March 2024
1025 000
At l April 2023
1.025,OCKJ
P4ge 6

SHIRE TRAINIIIG WORKSIIOPS LIMtrED
TRADING AS OPENHOUSE
Note5 to the flnandal Statements
13. INVESTMENT PROPERTY
FAIR VALUE
At l April 2023
At 31 March 2024
NET 800KVALUE
At 31 March 2024
S￿.￿)0
At l April 2023
SLKI.000
The propÈrty wa5 valued by an independent valuer as at 23 May 2018 For the purposes of the
financial statements. thè directors took thice from an ￿ndependent fjmi of Surveyors an asset values
as at 31st Marth 2018. The numbers reported and the rÈvaluations reflert the discussions with and
the opinion of the Surveyof. as pemiitted by FRS 102.
14. DEBTORS: AMOUNTS FALLING DUE wrniiN ONE YEAR
31.3.24
Trade Debtors
Accrued Intome
Prepayments
15,514
sc
16.014
IS. cRED￿OR5. Amoufus FALLING DUE WIThIN ONE YEAR
31.3.24
31.3.23
Othèr Loans15ee note 171
Trade Creditors
Deferred Income
Social Security and other taxes
Other creditors
Dèposits Fleld
Accrued Expenses
8,580
18.068
.111
63,IXXI
3.117
1.081
70
4,588
4,147
75.779
35,783
I& CREDITORS: AMOUNTS FAWNG DiIE AFfER MORE THAN 014E YEAR
31.3.24
31.3.23
Other Loans Isee note 17)
54,471
Pa8e 7

SHIRE TRAINING WORKSHOPS LIMITED
TrADING AS OPENtrIOUSE
Notes to the finantial Statements
17. LOAPIS
An analysis of the maturity of loans is given below=
31.3.24
31.3.23
Amounts fallin8 due within on year on demand=
Other loans 1-2 years
8,580
Amounts falling between two and five years..
Other Loans- 2-5 years
34.322
Amounts falling due in more than 5 year5=
20,149
The HSBC Loan (Oelmotsl is secured over the freehold property known as Delmovs Lot, 57a H
Street, Stroud.
The HSBC loan secured a8ainst a8ain5t the above property was fully paid in 2024. 12023-. ÉY.4711.
The property valuè of E425.oc￿ was valued by a professional valuer on 23 May 2018.
I& MOVEMENT IN FUNDS
At 01.4.2023 Net movement
in funds
At 31.3.24
Unrestrlcted Funds
General fund
L594.561
24.695
1.619,256
L594.561
24,695
1.619.256
19. RELATED PARf¢ DISCLOSURES
There were no related party transactrons for the year ended 31 Marth 2023 Of 31 March 2024
Page 8

SHIRE TRAINING WORKSHOP5 LIMtrED
TRADING AS OPEIIHOU5E
DetailÈd Statement of Flnanclal Artl¥itie5
for th• Year Ended 31 Mafth 2024
31.3.24
31.3.23
INCOME AND ENDOWMENTS
OONAnONSAND LEGACIES
Donations
Recovered Expenses
Grants
855
786
629
855
1.415
Ir•vESTMENT INCOME
Rents retèiv
Other income
64,077
2.789
70.004
291
CHARITABIE AcnvmE5
Learnèr Funding
Supporting People
Residents Rents & Char8es
Enhanced Support
86.￿1
344,338
44.139
77,041
235.942
59.327
474,478
372.310
Toi•l In¢omln8 resources
542.199
444.020
EXPENDITURE
Charltable actl¥tFes
Wages
Social Security Costs
Pensions
Rates and Water
Insurance
Light and heat
Telephone
Postage and 51aiionary
Sundries
Staff Recruitment and Trainin8
Travel Expenses
Small office equipment
Compvter Software
Property Upkeep
ead debts
Oirect Activilie5 Costs
281.723
13.521
7.145
20.288
19.666
24.421
4.523
752
473
1.332
i.sii
4,(K17
8,595
85.029
1.1
275,427
7.795
7.074
11.352
1,884
26,183
4.351
1.103
892
718
2.810
62,993
9.646
412 228
Page I

SHIRE TftAINING WORKSHOPS UMtTED
TRADING A5 OPENHOUSE
Detalled Statement ot Flnat)tial Acthlti
for the Year Ended 31 Marth 2024
{continvedJ
Support Costs
Anance
Bank Charges
820
31.3.24
31.3.23
F5nance
G¢)vernance Costs
Sundries
A¢countan¢y and legal fees
Professional Subscriptrons
Consultancy Fees
External Compliance
Office Equipment
Fixtures and fittings
Bank Loan Interest
372
13
400
653
6.234
6.809
17,CiX)
6.273
33.3
8.912
2,394
43.C60
46,406
Total resourre5 expervled
517,504
459.454
Net Incomellexpendtturel
24,695
115.4341
Pa8¢ 2