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OPEN FOR BUSINESS LIMITED

Registered charity 1184327 · accounts filings on the Charity Commission register

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Latest income
£1.7m
Latest spending
£1.8m
Registered
2019
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a deficit of £174,878 for the year ended 31 December 2024, driven by increased project activity and expenditure exceeding income. Per the trustees' report, unrestricted reserves of £286,726 remain within the stated policy target of 3 to 6 months of expenditure, although the trustees acknowledge the charity is operating slightly below policy at the signing date and are committed to restoring reserves.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“The unrestricted reserves at the year-end amounts to £286,726 which is within the current reserves policy as this represents 3 months of expenditure. At the time of signing the accounts, the charity is operating slightly below its reserves policy.” — page 8
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Gifts in kind (rent) from Brunswick Group, where trustee Jon Miller is a partner.
“During the year, the charitable company received gifts in kind totalling £25,200 (2023: £12,000) in relation to rent from Brunswick Group whereby Jon Miller (trustee) is a partner.” — page 28
“During the year, the charitable company paid £2,000 (2023: £18,000) to Edgevisory Limited whereby Ken Janssens (trustee) is a director, for research services.” — page 28
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Payment of £2,000 to Edgevisory Limited for research services, where trustee Ken Janssens is a director.
“During the year, the charitable company received gifts in kind totalling £25,200 (2023: £12,000) in relation to rent from Brunswick Group whereby Jon Miller (trustee) is a partner.” — page 28
“During the year, the charitable company paid £2,000 (2023: £18,000) to Edgevisory Limited whereby Ken Janssens (trustee) is a director, for research services.” — page 28
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Short-term loan of £25,630 received from a trustee, which was unsecured, interest-free and repaid within the year.
“During the year, the charitable company received gifts in kind totalling £25,200 (2023: £12,000) in relation to rent from Brunswick Group whereby Jon Miller (trustee) is a partner.” — page 28
“During the year, the charitable company paid £2,000 (2023: £18,000) to Edgevisory Limited whereby Ken Janssens (trustee) is a director, for research services.” — page 28
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: ILGA membership fee paid, where trustee Gurchaten Sandhu is Director of Programme at ILGA.
“During the year, the charitable company received gifts in kind totalling £25,200 (2023: £12,000) in relation to rent from Brunswick Group whereby Jon Miller (trustee) is a partner.” — page 28
“During the year, the charitable company paid £2,000 (2023: £18,000) to Edgevisory Limited whereby Ken Janssens (trustee) is a director, for research services.” — page 28
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations from trustee Netanya Clixby.
“During the year, the charitable company received gifts in kind totalling £25,200 (2023: £12,000) in relation to rent from Brunswick Group whereby Jon Miller (trustee) is a partner.” — page 28
“During the year, the charitable company paid £2,000 (2023: £18,000) to Edgevisory Limited whereby Ken Janssens (trustee) is a director, for research services.” — page 28
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Goodman Jones LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.7m
Total spending
£1.8m
Reserves (reported)
£287k
Employees
6

Reported reserves equal ~1.9 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Barbados · Hungary · Kenya · Throughout England · United States

Income and spending

Financial year endIncomeSpending
31/12/2024£1.7m£1.8m
31/12/2023£894k£865k
31/12/2022£622k£561k
31/12/2021£522k£330k
31/12/2020£482k£307k

Common questions

Is OPEN FOR BUSINESS LIMITED financially healthy?

The accounts state that the charity reported a deficit of £174,878 for the year ended 31 December 2024, driven by increased project activity and expenditure exceeding income. Per the trustees' report, unrestricted reserves of £286,726 remain within the stated policy target of 3 to 6 months of expenditure, although the trustees acknowledge the charity is operating slightly below policy at the signing date and are committed to restoring reserves. Its FY2024 accounts were audited by Goodman Jones LLP.