COMPANY REGISTRATION NUMBER 03747144 CHARITY NUMBER 516633
THE OPEN CENTRE DERBY LTD UNAUDITED FINANCIAL STATEMENTS
1 April 2024 to 31 March 2025
THE OPEN CENTRE DERBY LTD
FINANCIAL STATEMENTS 1 APRIL 2024 TO 31 MARCH 2025
| Contents | Page | |
|---|---|---|
| Company Information | 1 | |
| Directors' report | 2 | |
| Profit and loss account | 4 | |
| Balance sheet | 5 | |
| Notes to the financial statements | 6 | |
| The following pages do not form part of the financial statements | ||
| Examiner's report to the board of directors | 7 |
THE OPEN CENTRE DERBY LTD
COMPANY INFORMATION
The Board of directors David Walton (Co-Chair) Kate McRae Bilal Hussain (Co-Chair) Russell Pollard Val Watson Gail Whitehead Cathy Kinsella (resigned 31 August 2024) Graham Falgate (resigned 26 November 2024) Registered office 152 Pear Tree Road Derby DE23 6QD Bankers: National Westminster Bank plc 58 St Peter's Street Derby DE1 1XL
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THE OPEN CENTRE DERBY LTD
REPORT OF THE DIRECTORS
1 APRIL 2024 TO 31 MARCH 2025
The directors present their report and the unaudited financial statements of the company for the period ended 31 March 2025
Principal activities
The principal activity of the company during the year was the promotion of religious, cultural and arts activities
Objectives and activities
Our mission statement is "To promote understanding through personal experience"
We exist to promote understanding between different communities by celebrating and raising awareness of their faith and cultural heritage. As part of our activities we work closely with many different communities, faith organisations and places of worship as well as representatives of secular organisations; however the Open Centre is not a religiously based organisation and has no affiliation to any specific faith based groups.
We work towards the elimination of racist or discriminatory behaviours towards members of the community on grounds of colour, race, nationality, ethnic or national origins and to promote equality of opportunity and good relations between persons of different racial groups.
Objectives carried out through activities such as; facilitating faith trails to places of worship with children, young people and adults, visits/assemblies to places of education, faith days, workshops in schools and the wider community and the deployment of on-line resources
Achievements and performance
Key parts of the development plan have been implemented this year addressing staff retention/development. This has provided more stability and more competitive pay for the staff. This has helped to improve planning, and resource allocation resulting in the Charity being able to support more school sessions and therefore the delivery of the charitable outcomes
Financial Performance
The small deficit this year has resulted from an investment in staff. This will serve the Charity well in future years.
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THE OPEN CENTRE DERBY LTD
Structure, Governance and management
The Open Centre is a small charity employing eight staff, managed by the Strategic Lead
The strategic management and oversight of The Open Centre, is the responsibility of the Board of Trustees. Officers to the Board of Trustees are elected annually at the Annual General Meeting and include Chair of Trustees, Vice-Chair and Secretary. Full Trustee meetings are held on average once a quarter and smaller sub-groups focussing on specific areas of responsibility as and when required.
Directors
The directors who served the company during the year were as follows:
David Walton (Co-Chair) Kate McRae Bilal Hussain (Co-Chair) Russell Pollard Val Watson Gail Whitehead Cathy Kinsella (resigned 31 August 2024) Graham Falgate (resigned 26 November 2024)
Signed by order of the directors
David Walton - Director
Approved by directors on 4th November 2025
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THE OPEN CENTRE DERBY LTD
PROFIT AND LOSS ACCOUNT
PERIOD ENDED 31 MARCH 2025
| Turnover Administrative Expenses Profit/(Loss) for the financial year |
Year to 31 March 2025 £ 101,923 102,722 -799 |
Year to 31 March 2024 £ 95,638 74,914 |
|---|---|---|
| 20,724 |
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THE OPEN CENTRE DERBY LTD
BALANCE SHEET AS AT 31 MARCH 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Current assets | |||
| Debtors | 2 | 6,488 | 5,154 |
| Cash at bank and in hand | 66,176 | 68,309 | |
| 72,664 | 73,463 | ||
| Creditors: amounts falling due within one year | Creditors: amounts falling due within one year | ||
| Amounts falling due within one year | - | - | |
| Net current assets | 72,664 | 73,463 | |
| Capital and reserves | |||
| Retained Earnings | 73,463 | 52,739 | |
| Surplus for the year | -799 | 20,724 | |
| Retained Earnings | 72,664 | 73,463 |
The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act.
The directors acknowledge their responsibilities for:
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(i) Ensuring that the company keeps adequate accounting records which comply with section 386 of the Act and,
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(ii) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and its profits or loss for the financial year in accordance with the requirements of sections 394 and 395, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.
These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Act.
These financial statements were approved by the directors and authorised for issue and are on their behalf by:
David Walton Director
DATE 4th November 2025
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THE OPEN CENTRE DERBY LTD
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025
1 Accounting Policies Basis of Accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard FRS102 and the Companies Act 2006
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.
2 Debtors: amounts falling due within one year
2025 2024 £ £ Trade Debtors 6,488 5,154
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THE OPEN CENTRE DERBY LTD
EXAMINER’S REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED FINANCIAL STATEMENTS OF THE OPEN CENTRE DERBY LTD YEAR ENDED 31 MARCH 2025
In accordance with our terms of engagement, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise the Profit and Loss Account, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us. This report is made to the Company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Board of Directors, as a body, for our work or for this report.
You have acknowledged on the balance sheet as at 31 March 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Independent examiners statement
I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:
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accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
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the accounts do not accord with such records; or
• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the Charities SORP (FRS102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report.
Afzahl Fatemah-Razak MAAT AFR Accountancy Services Ltd 9 St Christophers Way Derby DE24 8JY
Date: 21 October 2025
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