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 for the year ended 31 December 2023. The trustees have adopted the provisions of Accountin and Reporting by Charities: Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordanc with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 20 19). OBJECTIVES AND ACTIVITIES Objectives and aims The principal objectives of Open House Trust Limited as set out ITh its Articles of Association are "for the advancement of th Christian Religion and the advancement of education and medical knowledge and research" In particular the Trust was set up to - make monetary gifts to Missionaries, Evangelists, Christian organisations and others engaged in any way in the propagation of th Gospel of the Lord Jesus Christ. - make monetary gift5 in furtherance of the objects of the Trust. The Trustees seek to ensur¢ that the Public benefit requirement is considered and Open House Trust Limited facilitates th advancement of the Christian Religion in Ireland and elsewhere and having due regard to the Charity Commission guidance o public benefit. ACHIEVEMENT AND PERFORMANCE The Trustees meet quarterly during the year and at each meettng 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 organisations with 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 3 E December 2023 are set out on pages 4 and 5 of the financial statements. The total income for th year for the year ended 31 December 2023 amounted to £292,721 (2022 £257,911). The majority of the income in both years 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 adequate resources to continu in operational existence for the foreseeable future. For thi5 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 l O April 2015. Trustees The management and administrdtion of the charity is the responsibility of the TStees. All of the Trustees have served during th financial year ended 31 December 2023 and up to the date of appointment of the the fmancial 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 nujnber 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 0]ce 6 East Bridge Street Enniskillen Fennanagh 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. Fermanagh BT74 7BT Bankers Danske Bank 24 Towtthall Street Enniskillen 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