The Abingdon Open Door Project Charity Accounts

THE ABINGDON OPEN DOOR PROJECT. - Company Information

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COMPANY REGISTRATION NUMBER: 4887815

CHARITY REGISTRATION NUMBER: 1100604

The Abingdon Open Door Project

Company Limited by Guarantee

Unaudited Financial Statements

31 March 2019

The Abingdon Open Door Project

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2019

	Page

Trustees' annual report (incorporating the director's report)	1

Statement of financial activities (including income and expenditure account)	3

Statement of financial position	4

Notes to the financial statements	5

The following pages do not form part of the financial statements

Report to the board of trustees on the preparation of the unaudited statutory financial statements	11

The Abingdon Open Door Project

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 March 2019

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2019 .

Reference and administrative details

Registered charity name	The Abingdon Open Door Project

Charity registration number	1100604

Company registration number	4887815

Principal office and registered	26 The Nursery
office	Sutton Courtenay
	ABINGDON
	Oxon
	OX14 4UA

The trustees

	Mr R Powell
	Mrs C L Turner
	Mr D G Johnson

Company secretary	Masonberry Ltd

Accountant	Johnson & Company
	Chartered accountants
	26 The Nursery
	Sutton Courtenay
	ABINGDON
	Oxon
	OX14 4UA

Structure, governance and management

There are 3 Trustees who deal with the management and running of the charity.

Objectives and activities

The aim of the charity is to provide support for individuals suffering from mental illness.

Achievements and performance

The achievements and performance is inline with expectations.

Financial review

The charity is self financing from donations to cover the minor costs incurred.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 11 April 2019 and signed on behalf of the board of trustees by:

Mr D G Johnson

Trustee

The Abingdon Open Door Project

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 March 2019

	2019		2018
	Unrestricted funds	Total funds	Total funds
Note	£	£	£

Income and endowments

Donations and legacies	5	922	922	454
		----	----	----
Total income		922	922	454
		----	----	----

Expenditure

Expenditure on charitable activities	6,7	471	471	514
		----	----	----
Total expenditure		471	471	514
		----	----	----

	----	----	----
Net income/(expenditure) and net movement in funds	451	451	( 60)
	----	----	----

Reconciliation of funds

Total funds brought forward	24	24	84
	----	----	----
Total funds carried forward	475	475	24
	----	----	----

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The Abingdon Open Door Project

Company Limited by Guarantee

Statement of Financial Position

31 March 2019

	2019		2018
Note	£	£	£

Current assets

Cash at bank and in hand	1,146		695

Creditors: amounts falling due within one year	11	671		671
		-------		----
Net current assets			475	24
			----	----
Total assets less current liabilities			475	24
			----	----

Funds of the charity

Unrestricted funds		475	24
		----	----
Total charity funds	12	475	24
		----	----

For the year ending 31 March 2019 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 11 April 2019 , and are signed on behalf of the board by:

Mr D G Johnson

Trustee

The Abingdon Open Door Project

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2019

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 26 The Nursery, Sutton Courtenay, ABINGDON, Oxon, OX14 4UA.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

The Company is limited by guarantee and the trustees are members who have agreed to contribute 5 in the event of a winding up

5. Donations and legacies

Unrestricted Funds	Total Funds 2019	Unrestricted Funds	Total Funds 2018
£	£	£	£

Donations

Donations - voluntary contributions	922	922	454	454
	----	----	----	----

6. Expenditure on charitable activities by fund type

	Unrestricted Funds	Total Funds 2019	Unrestricted Funds	Total Funds 2018
	£	£	£	£
Activity type 1	458	458	514	514
Support costs	13	13	–	–
	----	----	----	----
	471	471	514	514
	----	----	----	----

7. Expenditure on charitable activities by activity type

	Activities undertaken directly	Support costs	Total funds 2019	Total fund 2018
	£	£	£	£
Activity type 1	458	–	458	514
Activity type 2	–	13	13	–
	----	----	----	----
	458	13	471	514
	----	----	----	----

8. Analysis of support costs

	Analysis of support costs activity 1	Total 2019	Total 2018
	£	£	£
Finance costs	13	13	–
	----	----	----

9. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2019	2018
	£	£

The average head count of employees during the year was 3 (2018: 3). The average number of full-time equivalent employees during the year is analysed as

follows:	2019	2018
	No.	No.
Number of staff - type 1	3	3
	----	----

No employee received employee benefits of more than £60,000 during the year (2018: Nil).

10. Trustee remuneration and expenses

- no remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

The trustees have not submitted any expenses claims forms and have not claimed any expenses. There is no financial liability outstanding and no such claims have been made.

11. Creditors: amounts falling due within one year

	2019	2018
	£	£
Director loan accounts	671	671
	----	----

12. Analysis of charitable funds

Unrestricted funds

	At 1 April 2018	Income	Expenditure	At 31 March 2019
	£	£	£	£
General funds	24	922	(471)	475
	----	----	----	----

	At 1 April 2017	Income	Expenditure	At 31 March 2018
	£	£	£	£
General funds	84	454	(514)	24
	----	----	----	----

13. Analysis of net assets between funds

	Unrestricted Funds	Total Funds 2019
	£	£
Tangible fixed assets	–	–
Current assets	475	475
	----	----
Net assets	475	475
	----	----

	Unrestricted Funds	Total Funds 2018
	£	£
Tangible fixed assets	(3)	(6)
Current assets	–	–
	----	----
Net assets	(3)	(6)
	----	----

The Abingdon Open Door Project

Company Limited by Guarantee

Management Information

Year ended 31 March 2019

The following pages do not form part of the financial statements.

The Abingdon Open Door Project

Company Limited by Guarantee

Report to the Board of Trustees on the Preparation of the Unaudited Statutory Financial Statements of The Abingdon Open Door Project

Year ended 31 March 2019

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of The Abingdon Open Door Project for the year ended 31 March 2019, which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes from the charity's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the board of trustees of The Abingdon Open Door Project , as a body, in accordance with the terms of my engagement letter dated 6 April 2002. My work has been undertaken solely to prepare for your approval the financial statements of The Abingdon Open Door Project and state those matters that I have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than The Abingdon Open Door Project and its board of trustees, as a body, for my work or for this report.

It is your duty to ensure that The Abingdon Open Door Project has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Abingdon Open Door Project . You consider that The Abingdon Open Door Project is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of The Abingdon Open Door Project . For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Johnson & Company Chartered accountants

26 The Nursery Sutton Courtenay ABINGDON Oxon OX14 4UA

11 April 2019

The Abingdon Open Door Project

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 31 March 2019

	2019	2018
	£	£

Income and endowments

Donations and legacies

Donations - voluntary contributions	922	454
	----	----

	----	----
Total income	922	454
	----	----

Expenditure

Expenditure on charitable activities

Rates and water	458	314
Legal and professional fees	13	200
	----	----
	471	514
	----	----

	----	----
Total expenditure	471	514
	----	----

	----	----
Net income/(expenditure)	451	(60)
	----	----

The Abingdon Open Door Project

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities

Year ended 31 March 2019

	2019	2018
	£	£

Expenditure on charitable activities

Activity type 1

Activities undertaken directly
Direct charitable activity 1 - rates & water	458	314
	----	----
Grant funding activities
Grant charitable activity 1 - legal and professional fees	–	200
	----	----

Activity type 2

Support costs
Support charitable activity 2 - legal and professional fees	13	–
	----	----

	----	----
Expenditure on charitable activities	471	514
	----	----