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 T￿Stees. 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)
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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
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