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¢m￿t 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 Mi￿10n.
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 homele￿ne$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 charit￿5 accounts as carried out under $ecti(>n 145 of the Chariues Act 2011 ('the 2011 Act,). tll
eaTrying out my ex8n]inatiOn I have follow¢d t]Le Directions given by the Charity ConlllliSSiOn under
section 145(5) (b) of thc 2011 Act.
Ind¢peDdent examiner's statement
Since your chariiy's gross in¢ome exceeded £250,000 your examiner rnust be a member of a listed
body. l can confirni ihat l am qualified to undertake the examination b￿a￿se l am a registered member
of Instifvte of Chartered Managemelli AccowJtsnts. which is one of the li%ted bodies.
J have completed my examination. l collf￿ that no matters have come to my attention in coJ]nection
with the examination givin¥ me cause io believe-.
(i)
accounting records were not kept in K8pect of the Company as required by section 386 of the
2006 Aci,. or
the accounts do not a¢cord with those records; or
the accounts do not ¢omply with the accounting requirements of ￿tIOn 396 of the 2006 Act
other than any requirement that the accounis giv¢ a true and fair vi¢w which is not a Drdtter
¢OD8idered as part of an independent examinatioI4 or
the xcounts havc not been prepared in accordan¢e wfftth the mctI￿S aJKI principl&? of the
Ststemeni of Recornm¢nded
Prdctice for ac¢ouniing and Teporting by charities (applicable to charities preparing their
unts in accordance with the
Financial Rep)rting Sthndard applicable in the UK and Republic of Ireland (FRS 102)).
(2)
(3)
(4)
I have TJO c0￿cT[L$ 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
39￿279
1711.035
CREDITORS: Amounts
du¢ ￿11￿￿￿ one year
15
(204,730)
(13,000
{277,7311)
(75,779)
LYET CURRENT ASSETS
I18￿9
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
u￿￿striCted 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 F￿ndS
2024
INC.OME AND ENDOWMENTS FROM
Donations and l¢ga¢i¢s
855
Ch8rit*ble *¢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
Cb8rit*ble 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
SI7￿1￿
NET INCOMEI(EXPENDITUREI
24293
24.293
24.695
RECONCILIATION OF FUNDS
Total
1,619356
1,619
TOTAL Fuf4DS CARRIED
FORWARD
1,643*9
I,643￿49
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 deb￿rS
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$ls of preparlDg the fmaDclal statements and assessment of golng conceTJI
Th¢ financial stateynents of the ctwitable ¢oJnpany, whi¢h is a public benefjt entity under FRS 102, have been
prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reportitig by Charities.. Statement
of RecoD]rnended Practice applicable to charities preparing th¢ir accounts in accordance ￿1th the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effe¢tive l January 2019}',
Financial Reporting Standard 102 The Financial Reporting StsmdaTd applicable in the UK and Republi¢ of
Ireland, and CoTDpanies Act 2006. The financial state￿¢￿ts have been prepared wider the historical cost
tonventson.
The tr￿Stee5 consider that there are no mat¢tial uncenainues about the chari￿8 ability to continue as a going
Income
All }r￿On￿ is rccognised in the Staterneni of Financial ActLVlties onct the charity entitlement to the fimds. it
ib probable that the income will be received alld the amount can be Meas￿ reliably.
Expendltsre
Liabiltties are recognised as expendxtUTe as soon as th¢r¢ is a legal or constructive obligatiott eommttting th¢
charity 10 that expenditure. It is probable that a tran8fer of economic benefiL8 will be required ID Setilement and
the amount of th¢ obligation can be measured reliably. Expenditlwe is accounted for on an accn￿lS basis and
ha5 been ¢1&88ifi¢d underheading8 that aggregate all cost T¢la￿d to the category. wI￿e costs ¢annot be dI￿tlY
attribuied to partiadar headings they hav¢ been allocated to athiiiiies on a b8si% eonsistent with the use of
T*nglble fÉxed as5et8
Depreciation is provided at the following amwai rates in order to IiYit¢ off each &¥s¢t over Ats estimated usefjJl
life.
No depr￿latIOn is charged in respe¢t to freehold land and buildings
Jnvestment property
Investmeni property is shown al most r￿ellt valuation, Any aggregate Su￿]￿$ or deficit arising from Cha￿g¢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 settIen￿nI 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 fi￿aS 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 Sts￿ents 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 a￿1 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 hIS￿rical 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 tra￿￿attti0n 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 al￿Ve, 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 CHAR￿ABLE 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
FIlla￿e
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
I￿lependent 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 tr￿stee 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¢ AV￿age 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 en￿lUments 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
FU￿a5
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 a￿j
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 TRAIN￿G 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 prO￿ty 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 refl￿t 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 S￿urity 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 A￿ER 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
Pe￿10￿$
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
co￿￿￿1tsncY Fe
Exiemal Compliance
oftrice Equipment
F￿t￿￿S 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