Scottish Ch8rtty No SC050437 THE OPEN DOOR PROJECT ANNUAL REPORT and FINANCIAL STATEMENTS FOR TrIE YEAR ENDED 30 SEPTEMBER 2024
THE OPEN DWR PROJECT REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 SEPTEM8ER 2024 CONTENTS Pag• Infom)ation Report ol th• TruMe¢$ Independent Ex•min¢r'$ R•port Receipts and P8ym•nts Account •nd Statement of Balanc•$ Not•s to the Accounts
ThE OPEN DOOR PROJECT REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 INFORMATION Registered thartty nurnber SC050437 Ind&pendent ey2miner 4it50S Forbes 0$¢. 36 Huntly Stregt Invemess IV3 SPR 8anke CAF Bank 25 Kings Hill Avenue West Malling ME19 4JQ Summary Objethv•s The advancement ol the Christian faith and the relef of poverty throughout the world. Pagè ?
TrE OPEN DCK)R PROJEcr REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Repory of the Trustees The trusteÈs present their POrt and accounts for the year ended 30 Septemb¢r 2024. Constitution and Organisational Strucwre The org8nision 15 a Scotti94 Charitable Incorporated Organisation ISCIOI. Under the ¢onstitut[C they have the power to appotnt further trustees lup to a maximum of 10 in totall who would brin9 appropriate ski115 to the organis3tion or for the purpc>se of lilling a vacancy. At the conclusion ol each AGM, apart from th& first one, any trustees appointed durin9 thè yèar plus one third of the remaining trustees shall retire and be èligible fDr reappDlntment. Objectives arKI Attive9 The OrnIsation,$ main wrp05e is to advance the Chr15tian farth 35 Sét out in the StateiTrent of Faith by The provision of a safe Pla where people can leam and ¢xperi8n¢e the values of thè Christian lèith. The provision olaccess to help and support for people with spiritual and ernotion61 needs. The piovision of assistance to anyone who is lop.ely, has suffered bereavernent, or has rnentsl health, relationship or other lrfe contro15ing chall&nge5. The provi$K)n of informatson and teaching to anyone who wants to le3m about Christianity. and offering prayer for or with anyone who seeLr pray8r. The organisation has a secondèry purp05È to advance the prevention or relief of poverty and thg relf ol thos8 in need by making dtsnations to charitie5 who attively lulfi1 thes¢ purpose& The foregoing purpose5 will be prowid8d through prefflisès in Invemess town c¥ntr• lor by thurche5 and ooanisations in the furtherance ol their aims. AchieVfjmts and pèrfomian Since reg1St¢rin9 on 4 Septgmber 2020 the organisation has spent time raisin9 awane$S among the churches and Christian coinmunity, searching for Suitable premises, praying ènd fuD.dra15ing. The awartness raising has beÈn donè through a serie5 of public meetings, n8w51Fttfs to supp)rters, pr3yer meetings, visiting Lburches. doing booksta115 &nd fundrai51ng events. The number of suppon8rs ctsntinues io grow. Possible pr•mises have been located and ai the time of this report the are ongOln9 discussions with the landlord about a agreement. There was a surplus forth y•ar of £6,55812023.. £12,047) and Reserves at the year end of £27,OS4 12023.. £20,506). The details are on page 4. R8s8rvas Policy The Charity carries financial reserves ol a level thar 6 wnsidered sultable and necessary for the future work of the organisation. Risk Management & Revtew The trustee5 hBve assessed the major risks io whith rhe Trust is exp05Ed, in particular tho relatin9 to the operations and finan5 of the Trust. They are satisfied that there are 8dequèt systems and prOceduS to mitl9ats the Trust's Èxpowre to thè major risks. TheT s declar¥ th¥t thèv have ap ved the trustee's report abovè. I treasurer ai q* Pa98 2
THE OPEN DOOR PROJECT KIEPORT AND ACcOUs FOR THE YEAR ENDED 30 SEPTEMBER 2024 Independent &x8minels Report to th8 TrLtstges on thg unaudit Financial Stat•m•nts of THE OPEN DOOR PROJEcr I repgrt on the accounts Df the charty for the year ended 30 SEPTEMBER 2024 whith are set out on pages 4 and 5. Respdve responsibilrbe5 of InJ5t and •xamin•r The charl$ trustees are responsible lor preparation of the attOUAts in accordance with the terms Df the Charrtièg and Trustee Inve5trnent (Scotlandl Act 2005 and the Charities Accounts IScot1an RegUlatOn$ 2C(k. The charity trustees consider that the audit requirement of Regulation 10111 Id) of the Accounts Regulations does not apply. It is my responsibi5ity to examine the accounts as required under Section 44111 (£1 of the Att to State wihether particular matter5 have comè to my attentton. Basi5 of independent eyaminerfs thtement My èxarnination is carried out in accordance with Regulation 11 of the Charities Account$ (S¢otlandJ Regulations 2006. An examination includes a review ol the accountin9 ordS kept by the charity and comparison of the aecounts presented with those cord& It èlso Includes consKleration of any unusual items or disclosures in the accounts and 5eek5 explanations from the tW5LeÈs cOnrning any such mattets. The procedu3 undertakeD. tjo not provide all the evidence that would be r8quired èudtt and conwuLN)tly I do not exptsss an 8urJit opinion on the VEW given by the acctsun Indop8ndent exAmin•rfs stat8ment In the course of my examination, no matter has corne to my attention which 9i¥e5 me reasonable cause to believe that in any material re5pert the re9uiremènts'. to keep attounting Ecords in accordancè with Section 44111131 of the 2005 Act and Regulation 4 of the 2006 Accounts Re9ulation5, and to prepare 6¢¢ountS Y4hich accord with the accounting records and comply wi(h R8gulation 9 of the 2CK)6 Accounis Re9ulat¢ons have not be¢n met, or to which, in my opinion, attention shovld be dra%yn in orderto enable a propèr understanding of the accounts to be reached. i.".,-Jl'.è-e J countsnts of SCO)nd Ritsons, Ch3rt•rfjd Accountsnts FortX5 Houso, 36 Hundy Street Inv8Tn855 IVJ SPR Date.. Page 3
THE OPEN DOOR PIIOJECf EAR ENDED 30 SEPTEMBER 2024 REcapTS and PAYMENTS ACCOUNT 2024 2023 Notes Total Totsl INCOME Gift5 & donètions Fundraising events and sale5 2,975 11,372 500 569 15,416 4,937 5,224 5,955 181 16.297 Appeal Interest received EXPENDITURE Insuran Purchases for resale Building c09ts Printing & advert15in9 Hall rents Bank and card ch3rge5 Web51te expenses 1ndependent Examiner's fee Data Protecti£ li¢en¢e Sundry expense5 225 5,512 2,310 138 75 161 108 294 35 138 3.166 143 108 358 35 302 4250 8,858 N8t Su¥plus forYar Balan brought forward Balance to cary foN4ard at 30 SEPTEMBER 2024 6.558 20,5GS 12.047 8,459 £27,064 £20.506 STATEMENT OF BALANCES Notes 2024 2023 CURRENT ASSErs Bank 8alance5 Cash Balance at 30 5EPTEM8ER 224 26.943 121 £27.064 20,405 101 £20,506 Page 4
THE OPEN DOOR PROJEcr REPORT and ACCOUNTS for th8 R ENDED 30 SEPTEM8ER 2024 NOTES to the ACCOUNTS Account¥ng Policies Bay5 Qf Preparation ofAccounts These Financial Statements have been prepared on the accruals basis and include the results of the Trust's activities which are described in the Trustee's Report and all of which are continuing_ Income All income has been accounted for when received by the Trust. It is shown gross, with any assoeiatèd costs included within the expenditure. Reserves The General Reserve lun$trIcted Funds) represent book 5ale5, gifts and donations made by individuals and churches for the purpose of acquiring retail premises in Invetness where the Christian faith can be advanced through the provision of a bookshop and rTTreeting rooms. The General Reserve Include5 Designated Funds of £6,45512023.. £5,955) reiVed from an appeal specifically for propety fvnding. Tfu5tees Remuneration None of the trusteès ¢*Ied any rernuneraiion or expens85 during eitherthi5 year or the preceding one. Page 5