REGISTERED COMPANY NUMBER: 01429772 REGISTERED CHAIUTY NUMBER:285834 SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE Report of the Trustees and Unaudited Financial Statements for the Year Ended 31st March 2025
SHIRE TRAINJNC WORKSHOPS LIMITED TRADING AS OPENHOUSE CoDlents of the FiD¥nti81 StitemeDts YEAR ENDED 31 CH 2025 CONTENTS PAGE Report of the TTUStces itoii d¢pendent Examin&$ Report 12 Balance Shttt 13 StaI¢mt of Financial Activities 14 Cash Now Statement Is Notes to the FiDan¢ial Statements 16kn22 Detailed Statement of Financial Activites 23to24
SHIRE TRAINING WORKSHOPS UMITED TRADING AS OPENHOUSE REPORT OF THE TRUSTEES for the Year Ended 31 March 2025 The trustee5 who are also directors of the charityfor the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accountin8 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 IFRS 1021 (effective l January 2019}. OBJEcfivES AND AcnviTIES Our W15ion: Supporting vulnerable people to live full and independent lives. Our Mi10n. To enable individuals to discover their potentlal through providing a safe environment where they can live, thrive, and receive support to transition to their next step in life. Our Values: Integrity We are honest, professional, respectful and committed to working to the best of our ability. We empathise and feel compelled lo alleviate someone'5 suffering. CompasslDn Excellence We are commttted to providing the best quality service to everyone who is part ofthe OPENhouse family. Core Principles: Holistically supporting vulnerable and disengaged indivlduals to become independent. Celebratlng Individual uniouene55 and diverslty of service users and staff; demonstrating equality across the organisation. Accepting everyone for who they are and where they are in their lives. Providin8 a welcoming Spa for all ages to live. thrive, and feel secure. Remaining confident in our own ability to help othefs and continually developing ways in which we can improve our Service. Page I
SHIRE TRAINING WORKSHOP5 LIMrrED TRADING AS OPENHOUSE REPORT OF THE TRUSTEES for the Year Ended 31 March 2025 The prlmary objects of the Charity are: To support people who through their social and economic circumstances. are In need or unable to gain employment: To help vulnerable people to develop in every area of their lives as they grow 85 individuals and become active members of society; To provide supported housing to vulnerable people who are in need due to social and economlc clrcumstances; To provide supported housing and floaling support to vulnerable people with multiple mental healih needs. Charitable activitles: OPENhouse provides houslng 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 living 'fully functioning lives, Wlthin their capacityto do so. This is achieved in three independent yet interdependent ways through: Housing and Support for individuals at risk of homelene$S or who are homeless. This does not simply Involve finding individuals accommodation but working with them to achieve their potential and learn life skills, enablin8 them to make a positive contribution to the community rather than living 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. Floatin8 Support Iln-homel for people with complex needs who are living independently. Page 2
SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE REPORT OF THE TRUSTEES for the Year Ended 31 March 2025 OBJEcfivES AND AcfiviTIES 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 Stroud sltes provide the local cornmunity with centres for a variety of activities and events for many groups. We believe equal actess to our services Is vital to our success and that successful outcomes must be shared by all communities that Use our services. We believe in workin8 Wlth other organisations to broaden the impact and influence 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 organisation and not dilLrting the high quality of service delivery or OPENhouse's Misslon. Wision, Values and Core Principles. Sharing information, knowledge and expertise is crucial to our success and our ability to respond to a rapidly changin8 landscape. All members of staff and service user5 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 guidance on public benefit and the activities carried out are consistent with those requirements. OUR WORK: Enhanced Llvlng and Support [EST] The Enhanced Support Team provides specialist support for those in thelr own homes and within our self-contained flats at Delmont's Lot. Throughout 2024125 we supported 2 service user5 in self-contained accommodation at Delmont's Lot who have mental health conditions. 6 indivlduals have been supported in independent flat5 and 6 service users Within our floating support 'ln-home' service. Most of the indlvlduals 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 using Delmonts Lot as a transition service whilst they are waiting for a permanent provision from the District Councll. This has been extremely successful and a service we intend to continue. Page 3
SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE REPORT OF THE TRUSTEES for the Year Ended 31 March 2025 Entrenched Rough Sleepers OPENhouse has the facilityto accommodate 10 rough sleepers in Painswick Inn. Thls Stroud District Council funded project has provided person centred accommodation and trauma informed support and as a result the service has transitioned 6 people durlng this financial year. In its Simplest form this project houses 10 vulnerable rough sleepers taking them off the streets, keepin8 them safe and supported. The soclal value of providing accommodation to people who find themselves rough sleeping has 3 benefit to the community as well as enhanced individual wellbeing. OPENhouse have continued to provide a bed forthe (SWEP} severe weather emergency protocol scheme throughout the winter. ACHIEVEMENT AND PERFORMANCE A review of the charity's buslness Throughout 2024125 OPENhouse has continued to provide supported housing, 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 2025 were: Ensure our service users are at the heart of everything we do by providing a supportive environment where they can live and feel valued. Focus on the communitywe serve by providing a supportive environment and building relationships where individua15 feel safe and where they have the capacity to take ownership of their own challerEes and successes. Maximi5e income and minimlse voids across the charity to be 95% capacty as an average for the year. Maintain the high standard and compllance to Health & Safety regulalions. Pag¢ 4
SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE REPORT OF THE TRUSTEES for the Year Ended 31 March 2025 Key Outcomes: Maintain All A8e Disabilities Framework Contract Re-Tender Maintaln Rough Sleepers Contract consistently meeting set KPI'S Full H&S review and assessment of site Stragically review the asset portfolio to ensure maximised community benefit in Review Delmonts Lot and realign with charitable aims to ensure the most appropriate client group Page 5
SHIRETRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE REPORT OF THE TRUSTEES forthe Year Ended 31 March 2025 ACHIEVEMENT AND PERFORMANCE Financial Review The Charity's income was £510,3H In 2024-25 against an expenditure of £486,051 leaving a surplus of £24,293 in the year's attounts. 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 effective and sensitive 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. Income The Charity continues to benefit from its property portfolio with Commercial leases, and Hall hire contributing £75,087, this is slightly increased due to rent review and higher occupancy of hall. Our principal funding streams come from Gloucestershire County Council, NH5 and Stroud District Council contracts. Expendlture Central costs have slightly increased to £341,204 this financial year. This year the Charity has written off £1.261 of historic bad debts from previous years within this year's accounts. Flxed A55ets Total Asset5 for the year are £1,525,000 which is made up from fixed assets of £1,025.OLKI and our property investment portfolio of £500,000. The Company applies a straight-line depreciation rate of 20% to plant and machinery and 15% reducing balance to fixtures and fittings. The current assets stand at £396,279 with current liabilitie5 of £277,730 with no long term Page 6
SHIRE TRAINING WORKSHOPS LIMrrED TRADING AS OPENHOUSE REPORT OF THE TRUSTEES for the Year Ended 31 March 2025 FINANCIAL REVIEW Reserves policy The target for reserves not committed or invested in tangible fixed assets held by the charity STRucfuRE, GOVERNANCE AND MANAGEMENT Governlng document The organisation is a charitable company limited by guarantee, incorporated on 15 June 1979 {Company Number 014297721 and registered a5 a charity on 29 November 1982 {Charity 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 it5 articles of aswciation. RecruStrnent and appointment of new trustees Trustees can be appointed by the existing Trustees at any time throughout the year to fill vacancy or by way of an addition to the board provided that the prescribed maximum1121 is not thereby exceeded. The appointment shall be retained until the next Annual General Meeting IAGMI when they will be eligible for official election. Trustees delegate responsibility forthe day-to-day management and running of the charity to the Chief Executive Officer ICEOI and the Senior Managernent 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 Safeguarding. Trustees perform their governance role in line with the Charity Commission's guidelines, Trustees meet on a bi-monthly basis providin8 specialist information and strategic support. in line with their skills and expertise. Page 7
SHIRE TRAINING WORKSHOPS UMITED TRADING A5 OPENHOUSE REPORT OF THE TRUSTEES forthe Year Ended 31 March 2025 Organisatlonal Review The most significant challenge for OPENhouse this reporting year h35 been the retention of existing staff due to the Government increase in the national minimum wage. Outsourcing operational functions including HR, H&S and IT allows u5 to access skills and expertise that would be cost prohibitive in house. The finance function has been bought 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 loc31 authorities and service providers includes. reduced funding from central government, an ageing population with more complex needs, increasing demand for services including mental health, addiction and complex needs and recruiting qualsty staff with the right skills and expertise. All these challenges are placing considerable pressure on the local authority. the NHS and social care finances. Community Support is suffering from staffing shortages and reduced funding which in turn increases the pressure on in-house support provision. Page 8
SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE REPORT OF THE TRUSTEES for the Year Ended 31 March 2025 srRucfuRE, GOVERNANCE AND MANAGEMENT Strategic Direction Focus on our Stroud 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 Councll and organisations that support our work and align to our values. Develop new digital frameworks to help staff carry out their day to day work more efficiently. Better utllise 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 deliver an excellent high-quality 5UPPOrt service. Partner with or8anisations to help us improve our offer to Staff and Clients. Ensure OPENhouse is financially sustainable for the future. Risk Strategy The charity's most significant financlal risk is protecting present and future sources of income and its resources, followed c105ely by control of the processes for paying the organisation's liabilities. 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 to mitigate risk. Optimal 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 organisation. Page 9
SHIRE TRAINING WORKSHOPS LIMtfED TRADING AS OPENHOUSE REPORT OF THE TRUSTEES for the Year Ended 31 March 2025 As expenditure on capital assets will be required to maintain the listed buildings. it is important to ensure investment in maintaining our listed bulldings by completing remedial work to avoid high structural costs in the future and avoidance of contravening Health and Safety policy. PaBe 10
SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE REPORT OF THE TRUSTEES for the Year Ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Admlnlstratlon and staff The SMT meet once a week to plan, make decisions and review performance acr055 all charitable activities. All key management and strategic decisions are reported to the Board of Trustees in report form at bimonthly minuted meetings. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 01429772 (England and Wales) Reglstered Charlty number 285834 Registered office Painswick Inn Gloucester Street Stroud Glouce5ter5hiTe GL5 IQG Trustees S Elliott-mead J Hancock (appointed January 20251 J Harrison AJ Warner Independent Examiner Miss Sally J Wainwright ACMA Isis House Smith Road Wednesbury WSIO OPB Chief Executlve Officer Anna Herbert Approved by order of the board of trustees on 5th September 2025 and signed on its behalf by: S Elliott-Mead- Trustee Pag¢ll
INDEPEf4DENT EXAMINERS REPORT TO THE TRUSTEES OF SHIRE TRAINING WORKSHOPS LIMITED TIL4DII¥G AS OPENHOUSE Independent examlDer's report to the trustees of Shire TralniDg Workjhops Limited ('the Company,) I report to the eharity tNstees on ll)y examination of the a¢¢ounts of the Company for th¢ year ended 31 Mwch2025. Responsibilities and basis of report As the charity's lrnstees of th¢ Company {and also its dirwtOTS for the puwes of Lotllpany lawl you are resrrf)nsible for the preparalioEL of the accounts in accordance with th¢ requirements of the Companits Aci 2006 Cthe 2006 Ace). Haying satisfied myself that the accounts of the Company are not required to be audited und¢r Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charit5 accounts as carried out under $ecti(>n 145 of the Chariues Act 2011 ('the 2011 Act,). tll eaTrying out my ex8n]inatiOn I have follow¢d t]Le Directions given by the Charity ConlllliSSiOn under section 145(5) (b) of thc 2011 Act. Ind¢peDdent examiner's statement Since your chariiy's gross in¢ome exceeded £250,000 your examiner rnust be a member of a listed body. l can confirni ihat l am qualified to undertake the examination base l am a registered member of Instifvte of Chartered Managemelli AccowJtsnts. which is one of the li%ted bodies. J have completed my examination. l collf that no matters have come to my attention in coJ]nection with the examination givin¥ me cause io believe-. (i) accounting records were not kept in K8pect of the Company as required by section 386 of the 2006 Aci,. or the accounts do not a¢cord with those records; or the accounts do not ¢omply with the accounting requirements of tIOn 396 of the 2006 Act other than any requirement that the accounis giv¢ a true and fair vi¢w which is not a Drdtter ¢OD8idered as part of an independent examinatioI4 or the xcounts havc not been prepared in accordan¢e wfftth the mctIS aJKI principl&? of the Ststemeni of Recornm¢nded Prdctice for ac¢ouniing and Teporting by charities (applicable to charities preparing their unts in accordance with the Financial Rep)rting Sthndard applicable in the UK and Republic of Ireland (FRS 102)). (2) (3) (4) I have TJO c0cT[L$ and have come acro&8 no other matters in conneLiion with the examination to which attention shguld be drnwn in thi5 r¢pon in ordei to enable a proper understanding of the accounts to b¢ reached. Sally J Wainwright ACMA- Et Voila Accountan¢y Senqces Limi*d Isis Busines5 Centre. Smith Road, Wednesbury. WSIO OPB 5th SepternbeT 2025 Page 12
SHIRE TRAINING WORKSHOPS LIMITED TRADJNG AS OPKNHOUSE BALANCE SHE 31st Mareh 21125 Notes Unre5trIeted FuDdJ Restrieted Funds 31J.2025 31J.21124 FIXED ASSETS I'angible assets Illvesttnent Property 12 1.025,1100 500,1100 1,525,1100 1.02S,11110 50D,INIO 1,525,IHIO 1.025,000 13 1,525,IMKI CURRENT ASSETS Debtors C&sh at bank 14 15,876 367,403 15.876 380,403 16,014 154,021 13.00 383,279 13,QIM 39279 1711.035 CREDITORS: Amounts du¢ 11 one year 15 (204,730) (13,000 {277,7311) (75,779) LYET CURRENT ASSETS I189 J 18,549 94,256 TOTAL ASSETS LESS CURRENT LIABILITIES 49 56 CREDITORS AmoUT$ fallmg due after more thall NET ASSETS 1,643,549 1,643,549 1,619,256 FUNDS ustriCted fill$ General fund R&stri¢ted Funds 17 1,643,549 1,619.256 TOTAL FUNDS 1,643,549 1,019,256 The rharitable conwany is entitled to exemption from audit under Section 477 of th¢ Companies Act 2006 for the year ended 31 March 2025. The members have not reqviml the Company to obtsin an audii of its financial stalements for thc year ended 31 Matrh 2025 in ac¢ordance with Section 476 of the Companies Act 21106. The tNstees acknowledge their responsibility for 8) ensuring that the charitable ¢ompony keeps ac¢ounting records that comply Mth Sections 386 and 387 of the Companies Act 21K>6 and b) preparing fmancial statements which give a true and fair view ofthe state of affaiTS of th¢ ¢lwi"tsble company as at the end of each financial year and of its Sutplub or defi¢it for each financial year in accord¢ with the requiren]ents of Sectio$ 394 and 395 and which oihen44se comply with the requirements of the CoTnpanies Act 2006 relaiing to fmanclal sthtements, so far as appli¢abl¢ to the charitable company. Th&%e financial %taiements have been prepared in accordance with the provisi0tt8 appli¢able to charitable cornpanies subjecl to th¢ small companies regime. The finan¢1 ststements wwe approved by the Board of TTUStees on 5th September 2025 wete signed on its behalf S Elliott Mead- TTUStee Page 13
SHIRE TRAINING WORKSHOPS LIMITED TRADIT4C AS OPENHOUSE STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDEO 31 March 2025 Unrcstrl¢trd Funds Restrl¢ted Funds Total Funds 2025 Total FndS 2024 INC.OME AND ENDOWMENTS FROM Donations and l¢ga¢i¢s 855 Ch8ritble ¢tivite5 Housing and sVPPOrt EbJhanced support SuprA)rting People Investment Income Other Income 89,848 19,292 305,015 75,087 89,848 40,394 305,015 75,087 344.338 44,139 86,001 66,866 21.102 TOTAL INCOME 489342 21,102 511IJ44 541199 EXPENDITURE Raising Funits Cb8ritble A¢tivitrs Housing and 5UPPOrt Enhanced support Education Central and Support Costs 137271 7.576 137,271 7,576 172,638 7,145 320.102 21,102 341.204 337,721 TOTAL 4M,949 21,102 486,1151 SI71 NET INCOMEI(EXPENDITUREI 24293 24.293 24.695 RECONCILIATION OF FUNDS Total 1,619356 1,619 TOTAL Fuf4DS CARRIED FORWARD 1,6439 I,64349 1,611J256 Page 14
SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE NOTES TO THE CASH FLOW STATEMENT for ibe Year End 3] March 2025 1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITILS 31.3.25 31.3.24 Net expendlture for the reportlng wiod (as per tht Stthtcment of Firtanelal Activitie5) Adjustments for: Depreciaiion charges LAi&41{profitl OD disposal of fixed assets Interest paid De¢r4se in debrS tncreasel Ukcrease) in creditors 24,293 24.695 2,394 6,268 {14.475) 138 201.951 Net easb providtd by operation8 226 382 2. ANALYSIS OF CHAiYGES IN LYET (DEBTIIFUNDS AT 1.4.24 Cash Flow 31.3.25 Net cash C&5h at bank and in har&1 154,021 226J82 380,403 154.021 226 380 403 Debt D¢bts fallillg due within l year Debts falling due after l year Decrease in Receivables (75.7791 201.951 (277,730) 138 202 089 138 277.868 Total 24 102,535 Page 15
SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE Note5 Its the flnanclal Statements For the ye¥r tnded 31 March 2025 ACCOUNTING POLICIES Bi$ls of preparlDg the fmaDclal statements and assessment of golng conceTJI Th¢ financial stateynents of the ctwitable ¢oJnpany, whi¢h is a public benefjt entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reportitig by Charities.. Statement of RecoD]rnended Practice applicable to charities preparing th¢ir accounts in accordance 1th the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effe¢tive l January 2019}', Financial Reporting Standard 102 The Financial Reporting StsmdaTd applicable in the UK and Republi¢ of Ireland, and CoTDpanies Act 2006. The financial state¢ts have been prepared wider the historical cost tonventson. The trStee5 consider that there are no mat¢tial uncenainues about the chari8 ability to continue as a going Income All }rOn is rccognised in the Staterneni of Financial ActLVlties onct the charity entitlement to the fimds. it ib probable that the income will be received alld the amount can be Meas reliably. Expendltsre Liabiltties are recognised as expendxtUTe as soon as th¢r¢ is a legal or constructive obligatiott eommttting th¢ charity 10 that expenditure. It is probable that a tran8fer of economic benefiL8 will be required ID Setilement and the amount of th¢ obligation can be measured reliably. Expenditlwe is accounted for on an accnlS basis and ha5 been ¢1&88ifi¢d underheading8 that aggregate all cost T¢lad to the category. wIe costs ¢annot be dItlY attribuied to partiadar headings they hav¢ been allocated to athiiiiies on a b8si% eonsistent with the use of T*nglble fÉxed as5et8 Depreciation is provided at the following amwai rates in order to IiYit¢ off each &¥s¢t over Ats estimated usefjJl life. No deprlatIOn is charged in respe¢t to freehold land and buildings Jnvestment property Investmeni property is shown al most rellt valuation, Any aggregate Su]$ or deficit arising from Chag¢S fair value is re¢ognised in the Statement of Financial Activities. T4xatloD The charity is exempt from eorporation tax on its charithble activities. Debtors Trad¢ and other debtors are recognised at the settIennI amount. Prepayments are valued at the amount prepaid. C85kn a¢ b¥nk and ID tsand Cash at bank and in band includes casl Current bank accounts aThJ deposit bank arcounts with no withdrawal limitatiot Page 16
SHIRE TRAINING WORKSHOPS LIMITED TRADING AS OPENHOUSE Notes to the flll&nelal Statements Creditors Creditors are recognised where then charity h&8 a pr&sent obligation resulting frott) a p88t event that will result in the trydllsfer of fitnds to a third party and the amount du¢ lo getile the obligation can be m¢asured or &stimated r¢liably. Creditor8 ar¢ recognised at their settlem¢nt amount. acrountlne Unrestricted funds can be used in ac¢ordan¢¢ with the charitablc obje¢tiv¢s at the diqcretion of the tn141ees. Restricted fim(L¥ can only be used for partiwlar restricted purposes within the objeets of ihe charity. Restrictions arise when specified by the donor or when fiaS are raised for parti¢ular restricted purpos. rwther explanation of the nature and puwose of each fimd is ittclud¢d in the notes to the financial stalement$. Pellsion eo$¢s and other posl-retlrement benefits The charitable COXllpany operdtes a defined contribulioTrn pension scheme. Contributions payable to the charithble cojnpanys pension Kh¢me are charged to the Sthtemenl of Financial Activiti&8 in the p¢rAod to w.¢h tly relate. Signllleant estimat¢$ ludgments Preparation of the financial Stsents rwuires management to make significant judgments and eslimates. The Atems in the r]nancial statements Whe these judwnts and estimates have been made include: Useful econonhle lfives of tallgjble 855¢ts SigDlfkant estimates and judgments e aJu)ual depreciation charge of th¢ tangible a55ets are sensitive to chang&s iti the estimates w%eful ewnomic live4 and residual value of the a58ets. The uyefid economic lives and residual values art amended when necessary to reftect current estimates, economic utilisa¢ion a1 the physical condition of the as8¢ts. See the Tanglble Fixed Asset note for the carying amount of the &55¢ts Impairment of debtors The charity moke$ an estimate of the recoverdble value of trade and other debtors. When assessing impairnient of trade and other debtors, management considers factors including the cutTent credit rating of the d¢bior, the aging profile of debtors #tsd hISrical exp¢ri¢DC¢. See the Debtors note for the wing value of debtors after the associatoj impaiTm¢nt ACCOUNTJNC POLICIES (¢ontiftued) Fin4neial IDStrumeDtS The charity only has financial &ssets and fll]aDcial liabilities of a kind that qualify as basic financAal instruments. Basi¢ fman¢ial instnllnents are initially settled at traattti0n value and subsequently m¢asured at their settlement value. Page 17
SHIRE TRAINING WORKSHOPS LIMrrED TRADJNG AS OPENHOUSE Note5 to tht tknallel&l Statements 2. DONATIONS AND LEGACIES 31.3.25 31.3.24 Donati(Trns GrnnL8 855 855 GrdDts received, included in the alVe, are as follouB'. 31.3.25 31.3.24 Covid Grant- Governmcnt fimdADg Columbia ThTeadneedle CIG Work Force Capacity funding 3. IIYVESTMENT INCOM 31.3.25 31.3.24 Rcnts R¢c¢iv¢d Int¢r¢st Received 71,599 3,488 64.077 2,789 75.087 INCOME FROM CHARABLE ACTIVITES 31.3.25 31.3.24 Activity Housing and support Housing and support ETthanced support Supporting People Rtsidenls Rents & Charges EnhwKed Support 305,015 89,848 40.394 S6,[1 344,338 44,139 435 257 474.478 L41SING FUNDS Raising don4tlolls and legacles 31.3.25 31.3.24 Fundraising Costs CHARrfABLE ACTIVITES COSTS Direet Costs Support Costs (see note 7) Totals Housing and SUPPOTI Enhanced support C¢ntral and Support costs 137.271 7,576 320,102 464,949 137,271 7.576 341.204 486051 21.102 21.102 Page 18
SHIRE TIi4INING WORKSHOPS LIMITED TRADIf4G AS OPENHOUSE Notes to the IlnAnclal Stat¢Th¢llts 7. SUPPORT COSTS FIllae Governance Costs Totals Housing and Support Enhanced Costs Central and supFKTrrt COSLS 521 521 20,581 20.581 21,102 21.102 NET INCOMEIIEXPENDrruRE) Net incomeJlexp¢nditure) is stated after Chargin(credItIng}." 31.3.25 31.3.24 Depreciation- owJ¢d asset4 (DeficitySuTplus on disposal of fix assets Ilependent Examination 415 415 9. TRUSTEES REMUL¥ERATiof4 AND BENEFfTS Forthe year ended 31st M?h 2025, there was no amounis12024.. £33,31)0) paid to trstee as consultan¢y Tr¥stees' eipense8 There wer¢ no trus'tees, expens¢s paid foT the year ended 31 March 2025 nor for Irar ended 31 March 2024. The remuneration for the key managemenL personnel ornounted to £81,606 (2024.. £73.329) The key Jnana8ement pErsonnel eomprised of the CEO and Service Delivery Manager 10. STAFF COSTS 31.3.25 31.3.24 Wages and Salaries Social Security Costs Otherpcnsion costs 303,419 15,608 7,576 281,723 13,521 7,145 326.6Q3 302,389 Th¢ AVage m¢)nthly nulnber of employees during the year was a5 follows: 31.3.25 31.3.24 Housing Adrninstration 12 12 No en)ployees received enlUments in exce&s of £60,0(M). Page 19
SHIRE TRAINING WORKSHOPS LIMITED TIL4DING AS OPET4HOUSE Notes to Ibe financial Stattments I I. COMPARATJVES FOR THE STATEMENT OF FINANCIAL AcfivITIES Restricted Total Fund$ Funds Unrestrlcted FUa5 2025 Noté INCOME AIYD ENDOWMENTS FROM Donations aTKI legacies ChArh*bl¢ #¢¢lvltes H•u5ing and Support Enhanced support 435.257 435.257 Investment Income Other Incorne 71,599 3,488 71,599 3,488 TOTAL INCOLI1E $10344 XPENDITURE Ralslng FllDds Charltable Activit Housing and wpport Enhallced support cellts and Support Costs 137,271 7.576 341,204 137271 7.576 341,204 TOTAL EXPENDITURE 486.051 486.051 NET t¥COMEI{EXPELYDrruRE 24,293 24.293 RECONCILIATION OF FUNDS Total fimds broughi forward 56 19 TOTAL FUNDS CARRIKD 1,643,549 1,643,549 12. TATr4GIBLE FLXED ASSETS Freehold Plant aj Fixtures and Totsls Fittings COST OR VALUATJON At l April 2024 1,025.000 23,590 97,704 1.146,294 Ai 31 Mawh 2025 1025 000 94 DEPRECIATIOLY At l April 2024 At 31 March 2025 23.590 23.590 97,704 97.704 121294 NET BOOK VALUE At 31 March 2025 1.025 000 1025.000 A¢ l April 2024 1025 000 1.025.000 Page 20
SHIRE TRAING WORKSHOPS Lllm£D TRADING AS OPENHOUSE Notes lo the flnADelAI Statements 13. tNVESTMENT PROPERTY FAIR VALUE At l April 2024 At 31 March 2(12S s,000 NET BOOK VALUE At 31 March 2025 500.000 l April 2024 500.000 The prOty was valucd by 8n itidependenl valuer as at 23 May 2018 For the putpose5 of th¢ financial starem¢nts, the directors took advice from an independent firni of Surveyors pts asset values as at 31st hlarch 2018. The muknbers reported at)d the revaluations reflt th¢ discussions with and the opinion of the Surveyor, as pemiitted by FRS 102. 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade Debtors Accjued Income Prepay)mits 15,876 15,514 500 15,876 16.014 IS. CREDrroRS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31.3.25 31.3.24 Other L(wis (see note 17) Trdde Cr¢ditors DefeTred lficon Social Surity and other taxes Other creditor Dewsits Held 108,707 164J(H) 4,061 467 195 8,111 63,000 3,117 1,081 70 400 277.730 16. CREDITORS: AMOUNTS FALLING DUE AER MORE THAN OIYE YEAR 31.3.25 31.3.24 Other Loans Ise¢ note 17) Pag¢21
SHIRE TRAIt411YG WORKSHOPS LIMITED TRADING AS OPENHOUSE Notes to the IIDanelai Statements 17. MOVEMENT IN FUNDS At 01.4.2024 Net movement in funds At 31.3.25 Unre5tritted Funds General fund .619,256 24,293 1,643549 619 256 24 93 1643 549 18. RELATED PARTY DISCLOSURES TILere w¢re no rela*d party traJ]sactions for the year ¢nd¢d 31 March 2024 or 31 March 2025 Page 22
SHIRE TRAINING WORKSHOPS LIMITED TIL4DING AS OPENHOUSE Detailed Ststemeot of FlnAnclJl A¢tivities for the Ye8T Ended 31 M*reb 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS DONATIONS AND LEGACIES Donali¢)ns Re¢overe41 Expenses 855 855 INVESTMENT INCOME Rents received Other 71,599 3,488 64.077 2,789 CHAIUTAiJLE AcfivITIES tkarner Fwiding Supporting People Residents Rents & Charg¢8 Erhanced Support 89,848 305,015 40,394 86,001 344,338 44.139 435 57 474 478 Tothl incotnlng resource5 510344 542.199 EXPENDITURE Charitable #¢tiYtles Wages Social Se¢uTity Costs Pe10$ Rates and Wal¢r Illsurance Light And heat TelephoJ]e Postage and Sthtionary Sundries Staff R¢crnitment and Trainin8 Travel Expenses SnJall office equipment Cojnputer Software Propety Upkeep Bad debts Direct Activities Costs 303,419 15,608 7,576 21,238 20.540 32.18(> 4.481 560 649 3.940 3.137 3,916 8,207 38,231 ,261 281,723 13,521 7,145 20,288 19,666 24.421 4,523 752 473 1.332 4,(M)7 8,595 85,029 1,118 474 104 Pag¢ 23
SHIRE TRAINING WORKSHOPS LIMITED TIL4DING AS OPENHOUSE Detalled Stltemeot of FlnAnclA] Actiyltles for the Year Ended 31 M*reb 2025 (coniinued) Support Costs Flll4x¢e Bank Charg¢$ 521 340 31.3.25 31.3.24 FlnA•¢e Governawe Costs Sundries Accountaw and l¢gai fee5 Professional SubscrytiOA4 co1tsncY Fe Exiemal Compliance oftrice Equipment FtS and fitiings Bank Lotsn Interest 372 13 199 390 6,917 12298 777 6,273 33,300 708 2,394 20,581 43,060 Total Tesothrees expended 486.051 517.504 Net IncDmel(expendlture) 24 Page 24