2023-12-31-accounts

PRS Patton Rainey I Stenson Limited CHAR TERED ACCOUNTANTS & REGISTERED AUDITOFtS REGISTERED COMPANY NUMBER: N1031773 (Northern Ire19nd} REGISTERED CHARITY NUMBER: 101352 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR OPEN HOUSE TRUST LIMrrED Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fernianagh B T74 7BT CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Flegisiered 10 carry out audit work and regulaied for a range ol investment business aclivilie5 in the United Kingdom by the Inslitule ol Chartefed Accountants in Ireland

OPEN HOUSE TRUST LIMITED CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 DECEMBER 2023 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 6 to 10 Detailed Statement of Financial Activities

OPEN HOUSE TRUST LIMITED REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with th, financial statements of the charity foi the year ended 31 December 2023. The trustees have adopted the provisions of Accountin,, and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordanci with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The principal objectives of Open House Trust Limited as set out in its Articles of Association are "for the advancement of th, Christian Religion and the advancem¢nt of education and medical knowledge and research In particul￿ the Trust was set up to - make monetary gifts fo Missionaries, Evangelists, Christian organisations and others engaged in any way in the propagation of th, Gospel of the Lord Jesus Christ. - make monetary gifts in fitherance of the objects of the Trust. The Trustees seek to ensure that the Public benefit requirement is considered and Open House Trust Limited facilitates th advancement of the Christian ReligioTh in Ireland and elsewhere and having due regard to the Charity Commission guidance 01 public benefit. ACHIEVEMENT AND PERFORMANCE The Trustees meet quarterly during the year and at each meeting decide on the amount of grants to be made to missionar organisations and individuals. In the year ended 31 December 2023 a total of £178,500 (2022: £175,520) was distributed t, missionary organisation5 Wlth the largest being gifted to Stauros and this amounted to £42,000. (2022 Stauros: £42,000) FINANCIAL REVIEW Financial position The results for the year ended 31 December 2023 are set out on pages 4 and 5 of the fmancial statements. The total income for th year for the year ended 31 December 2023 amounted to £292,721 (2022 £257,911). The rnajority of the income in both year5 wa rent received which amounts to £251.434 in 2023 (2022 £235,884). The main expenditure on Charitable Activities relates to th grants distributed which amounted to £178,500 in the year ended 31 December 2023 (2022 £175,520). The Charity's cash at bank increased from £177.706 at 31 December 2022 to £287,985 at 31 December 2023. Going concern After making appropriate enquiries, the trustees have a reasonable expectation that the Charity has adequale resources to continu in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing th fmancial statements. Further details regarding the adoption of the going concern can be found in the Accounting Policies. STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is controlled by its governing document. a Memorandum and Articles of Association, and constitutes a limite company, limited by guarantee, as defined by the Companies Act 2006. The company was incorporated on 17 December 1996 an registered with the Charity Commission for Northern Ireland on 10 April 2015. Trustees The managetnent and administration of the charity is the responsibility of the Trustees. All of the Trustees have served during th financial year ended 31 December 2023 and up to the date of appointment of the the financial statements. In accordance with th Articles of Association T Eakins and F Charters will retire at the forthcoming Annual General Meeting and will be eligible for re election. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1031773 (Northern Ireland) Page I

OPEN HOUSE TRUST LIMITED REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2023 Registered Charity number 101352 Registered office 6 East Bridge Street EnThiskillen Fernianagh BT74 7BT Trustees T Eakins B Jones F Charters S Williamson J Johnston P Hewiit K Rainey (appointed 7.11.23) Company Secretary J Johnston Independent Examiner Thomas Samuel Patton FCA Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fernianagh BT74 7BT Bankers Danske Bank 24 Townhall Street EnniskilleTh Co. Fennanagh BT74 7BB Approved by order of the board of trustees on 22 April 2024 and signed on its behalf by: J Johnston - Trustee Page 2

PRS Patton Rainey I Stenson Limited CHARTERED ACCOUNTANTS & REGISTERED AUDITORS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OPEN HOUSE TRUST LIMITED I report on the accounts of tbe company for the year ended 31 December 2022, which are set out on pages five to eleven. Respective responsibilities of charity trustees and examiner As the charity's ttvstees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examinatio￿ it i my responsibility to: - examine the accounts under Section 65 of the Charities Act follow the procedure5 laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Clwities Act - state whether particular matters have come to my attention. Basis of the independent examiner's report I have examined your charity accounts &s required under Section 65 of the Charities Act and my exan]ination was caTried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the chaTity and a comparison of the accounL presented with th05&'records. It also included conskderdtion of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance with Section 386 of the Companies Act 2006 2. That the accounts do not accord with those accounting records 3. That tbe accounts do not comply with the accounting requiremellts of Section 396 of the Companies Act 2006 and with the methods and principles of the Charitie5 StateEnent of Recommended Prdctice applicable to charities preparing their accounts ID accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland 4. That there is further information needed for a proper understanding of the accounts to be reached. Independeut ex2miner's statetnent Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confimi that I am qualified to undertake the examination because I am a tnember of the Institute of CILartered Accountants in Ireland which is one ol the listed bodies. I have cotnpleted my examination and have no concerns in respect of the matters (l) to (4) listed above an(L in connection with following the Directions of the Charity Con)mission for Northern Irelan(t I have found no matters that require drawing to youi attention. Thomas Samuel Patton FCA Patton liainey Stensoll Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fennanagh BT74 7BT 22 April 2024 CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered lo cafry Out audil work and regulated for a range ol inveslrnent business activities in the Uniled Kingdom by the Insiiiule ol Chartered Accounlanls in Ireland

OPEN HOUSE TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 DECEMBER 2023 31.12.23 Total funds 31.12.22 Total funds Unrestrtcted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 5,190 35,500 40,690 21,419 Investment income 252,031 252,031 236,492 Total 257,221 35,500 292,721 257,911 EXPENDITURE ON Charitabl¢ activities Charitable 147,547 35,500 183.047 179.452 NET INCOME 109,674 109,674 78,459 RECONCILIATION OF FUNDS Total funds brought forward 2,477,294 2,477,294 2,398,835 TOTAL FUNDS CARRIED FORWARD 2,586,968 2,586,968 2,477294 The notes fonn part of these fmancial statements Page 4

OPEN HOUSE TRUST LIMITED BALANCE SHEET 31 DECEMBER 2023 31.12.23 Total funds 31.12.22 Total nds Unrestricted nd Restricted funds Notes FIXED ASSETS Investment property 2,439,413 2,439,413 2,439,413 CURRENT ASSETS Debtors Cash at bank 6,003 287,985 6,003 287,985 6,358 177,706 293,988 293,988 184,064 CREDITORS Amounts falling due within one year (146,433) (140,433) (146,183) NET CURRENT ASSETS 147,555 147,555 37,881 TOTAL ASSETS LESS CURRENT LIABILITIES 2,586,968 2,586,968 2.477,294 NET ASSETS 2,586,968 2,586,968 2,477,294 FUNDS Unrestricted fimds 2,586,968 2.477,294 TOTAL FUNDS 2,586,968 2,477,294 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ende 31 December 2023. The members have not required the company to obtain aTh audit of its financial statements for the year ended 31 December 2023 i accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companie Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the en of each financial year and of its surplus or deficit for each f￿anCIal year in accordance with the requirements of Section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to fmanci" statements, so far as applicable to the charitable company. (b) These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to th small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 22 April 2024 and were signed on li behalf by: J Johnston - Trustee The notes fomi part of these financial statements Page 5

OPEN HOUSE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 DECEMBER 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The fmancial statements of the charttable company, which i5 a public benefit entity under FRS102, have been prepared li accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommendei Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable the UK and Republic of Ireland (FRS102) and the Companies Act 2006. The f￿anCIal staternents have been preparei under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the Charity h&s entitlement to the fimds, it i probable that the income will be received and the amount can be me&sured reliably. Expenditure Liabilities are recognised &$ expenditure as soon as there is a legal or constructive obligation committing the Charity to tha expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of th, obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified unde headings that aggregate all cost related to the category. Where costs cannot be directIy attributed to particular heading they have been allocated to activities on a basis consistent with the use of resources. Investment property Investment property is shown in the fmancial statements at cost which the Trustees consider to be fair value. Taxation The ¢harity is exempt from corpordtion t&x on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the Charitable objectives at the discretion of the tsustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions aris when specified by the donor or when funds ar¢ raised for par¢icular restricted purposes. Going eoncern The trustees of Open House Trust Limited have reviewed the resources available and believe that the Charity has adequat resources to continue an operational existence for the foreseeable future. Accordingly Open House Trust Limitei continued to adopt the going concern basis in preparing the fmancial statements. INVESTMENT INCOME 31.12.23 31.12.22 Rents received Deposit account interest 251,434 597 235,884 608 252,031 236.492 Page 6 continued...

OPEN HOUSE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - Continued for the Year Ended 31 DECEMBER 2023 TRUSTEES, REMUNERATION AND BENEFITS There were no twstees, remuneration or other benefits for the year ended 31 December 2023 nor for the year endei 31 December 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2023 nor for the year ended 3 1 December 2022. INVESTMEIYT PROPERTY FAIR VALUE At l January 2023 and 31 December 2023 2,439,413 NET BOOK VALUE At 31 December 2023 2,439,413 At 31 December 2022 2,439.413 The Investment Property is stated at cost which the Trustees consider to be fair value. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Trade debtors 6,003 6,358 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Loans (see note 7) VAT Accruals and deferred income loo,000 7,467 38,966 i 00.000 7,217 38,966 146,433 146,183 LOANS An analysis of the rna￿rIty of loans is given below: 31.12.23 31.12.22 Amounts falling due within one year on demand: Bank loans loo,000 100.000 Page 7 continued...

OPEN HOUSE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023 MOVEMENT IN FUNDS Net movement in funds At 31.12.23 At 1.1.23 Unrestricted funds General fvnd 2,477,294 109,674 2,586,968 TOTAL FUNDS 2,477,294 109,674 2,586,968 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 257221 (147,547) 109,674 Restricted funds GEM Grant Ardbam)n Trust Fairgreen Trust Littler 8,000 15,000 7,500 5,000 (8,000) (15,000) (7,500) (5,000) 35,500 (35,500) TOTAL FUNDS 292,721 (183,047) 109,674 Comparatives for movement in funds Net movement in funds At 31.12.22 At 1.1.22 Unrestricted funds General ￿nd 2,398,835 78,459 2,477.294 TOTAL FUNDS 2.398.835 78,459 2,477,294 Page 8 continued...

OPEN HOUSE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023 MOVEMENT IN FUNDS - eontinued COmp￿atiVe net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in fimds Unrestrieted funds General fund 248,911 (170,452) 78,459 Restricted fund5 Ardbarron Trust 9,000 (9.000) TOTAL FUNDS 257,911 (179,452) 78.459 A current year 12 months and prior year 12 months combined position is as follows: Net movement in fi￿dS At 31.12.23 At 1.1.22 Unrestricted funds GeTherdl fund 2,398,835 188,133 2,586,968 TOTAL FUNDS 2,398,835 188,133 2,586,968 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fimd 506,132 (317,999) 188,133 Restricted funds GEM Grant Ardb￿Ton T￿￿t Fairgreen Trust Littler 8,000 24.000 7,500 5,000 (8,000) (24,000) (7,500) (5,000) 44,500 (44,500) TOTAL FUNDS 550,632 (362,499) 188,133 Page 9 continued...

OPEN HOUSE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2023. io. COMPANY LIMITED BY GUARAiYfEE The company is incorporakd under the Companies Act 2006, as a Company Limited by guarantee and not having an. share capital. The company registration number is N1031773. The liability of the members is limited to £1 O each. Page 10

OPEN HOUSE TRUST LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 DECEMBER 2023 31.12.23 31.12.22 INCOME AND ENDOWMENTS Donations and legacies Donations - Restricted Donations Gift aid 35,500 4,808 382 9,000 12,052 367 40,690 21,419 Investment ineome Rents received Deposit account interest 251,434 597 235,884 608 252,031 236,492 Totsl incoming resourees 292,721 257,911 EXPENDITURE Charitable activities Accountancy Independent Examination Bank Charges Loan Interest Printing and stationery Grants funded from unrestricted funds Grants ￿nded from restricted funds I,ioo 250 53 3,000 144 143,000 35.500 1,000 250 62 2,500 120 166.520 9,000 183,047 179,452 Total resources expended 183,047 179,452 Net income 109,674 78,459 This page does not forni part of the statutory financial statements Page 11