hand hand f child n poverty ANNUAL TRUSTEES REPORT & FINANCIAL STATEMENTS YEAR ENDED JUNE 30th 2021 Hand In Hand Joseph's Barn, Woodend Farm. Hatfield Road, Withamrt CHARITY REGISTRATION NO. 1069976 essex, CM8 IEH.
HAND IN HAND CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Page Report of the Trustees Independent Examiner's Report statement of Flnancial Activitleg Balance Sheet Cash Flow Statement Notés to the Cash Flow Statement Note$ to the Financial Ststements io to 25 Detalled Statement of Financial Artlvities 26 to 27
HAND IN HAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021 hand hand Hand In Hond Annual Twsteos Report and Financial SL*emont 1st July 2020- 30th June 2021 A message from the Chairman The vision of Hand in Hand is lo support vulnerable adults and children in Africa. As we continually interact with these challenges and governments respond to the needs of the poor, our methods of working and policies regularly need lo be reviewed. This next year is a particular review focus for HIH as we measure what works and what generates the greatest impact. We thank all our supporters for journeying with us. as we attempt lo generate the greatest impact with the resources we have al our disposal. Reference and administrative Infomiation Charity Name: Hand in Hand Charity Reg. No. Hi-Hand 1069976. When Registered: Declaration of Trust- February 9th 1998 Registered address: 27 Paschal Way. Great Baddow. Chelmsford, Essex CM2 7NX Operational address: Joseph's Bam, Woodond Fann, Haffield Road, Wrtham, Essex, CM8 1 EH Trustees Mrs Chadotte Chaplin Mr Peter Davison Mr Barrie Dobson Mr Grant Farrant Mr Daniel Jones Mr Andrew Rose Mr Grant Smith (Chairman) Staff Mrs Sue Smith Ms Susan Nurcombe Development Manager-full-lime Bookkeeper- part-time Accountant$lAuditors CHC. Riverside House, 1-5 Como Street. Romford. Essex RM7 7DN B•nker$ N81West Bank PLC. 8 The Vineyards, Great Baddow, Chelmsford, Essex CM2 7QR Co-operative Bank, PO Box 250, Skelmerdale, WN8 6WT Page I
HAND IN HAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021 Structure, Governance and Management overnin Dtscument Hand in Hand was sel up under a Declaration of Trust on February 9th 1998 and remains ar¢ unincorporated association. Trustees The board of Iruslees bllng wlh them a varied experience including financial, legal, charity management and project development in East Africa, all benefiting the charty's objectives. The appointment of new Trustees is by invitation and a majority Iruslee agreement. anisational structure Major decisions regarding finance, staff appoinlmenls, govemar¢ce and project expenditure are reported on, discussed and agreed al quarterly Trustee meetings. The trustees delegate day lo day operational management lo the Development Manager who meets wth designated Iruslees at regular inletvals to overview income, expenditu, ch8rity activities and project development. Due to Covid-19 all meetings have tsken place virtually. During the year we have also benefited from volunteers who have helped with the mailing of NewsletteTS, provided IT and other office support. We appreciate each one for their time, expertise and effort expanded. Risk Mana ement The trustee5 identty and review risk exposure al their quarterty trustee meetings and appropriate steps are taken lo minimise such at each rneeling. Actions agreed or planned are recorded in the Minutes. A policy register has been set up to monitor periodic review of policies. Policies have been updated and reviewed during the course of the year. The risk th81 Cowd-19 presents lo the charity with regard to income continues to be monitored. To date no major adverse effect has been fell within the charities funding bul the Iruslees realise il may have a longer lem impact. Trainin No training was attended during the year. Objectives and Actlvltlgs Ob ectives the lief of personal need or hardship throughout the worfd. the promotion and fulfilment of such other charitable purposes benefici81 to the community in those parts of the wortd as deemed 8ppropriate by the trustees. the advancement of the Chris118n faith Mission S181ement Hand in Hand is passionate about glving hope. lo orphaned and vulnerdble children in East Africa by giving acce55 to education, training. menlorship and support. We will empower them to attain employment or income opportunities lowards self-sufficiency. Workin le The twstees of Hand in Hand have a policy of supporting projects where a relationship wth an overseas partner has already been estsblished over a period of about fv40 years and where the project to be supported has demonstrated its own commilrnent to the solution before Hand in Hand engages on 8 practical basis. Slrale ic overview The trustees, current focus is to support activities through already estsblished partners in East Africa by concentrating effort on supporting welfare. education. mentorship and training. sin the outbreak of Covid-19 we have Tesponded lo the needs of some of the most vulnerable conne¢led to our project partners as they have struggled wlh the b8si¢ need of providing food for their families. The Iru51ees with Hand in Hand Foundation lour Kenyan affiliate Ofganisalionl are currently reviewing the impact of our work and looking al the strategy for Hand in Hand going forward. Page 2
HAND IN HAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021 A¢hiav8ments and Performance From the beginning our work has been a team effort. with partnership being al the heart of all we do. We sland with our project partners offering support, feedback and aCsS to funds relying on their experience, perseverance and local knowledge. In East Africa Hand in Hand has sUPPOrted six projects in Kenya including Daylove Children's Project.. New Hope Children's Cenlre,. Namrats Shah Children's Home, Thika Orphans and Grandparents Scheme, Grace Foundation Inlern81ionallMogonjel School and Nakuru Training Institute Icentre of Hopel. Support has been mainly through donats'ons for child welfare. education, training, some construction work and several self-sufficiency projects. but also through support via our Kenya Officg offering advice and support. In Uganda Hand in Hand has supported three community proje¢ts'. Nsambya Full Gospel Church School, Clinic and Orphanage, Kae,. JJ Community Transfomiation, as well as High Level Eady Childhood Cenlre. Iganga. All partners have mel with the ¢hafily's working principal. In May 2019 we began a phased exit from the High Level Eady Childh¢)od Centre as mentioned in our previous report. We have an on%oing commitment to 7 orphaned students from the projecl. supporting them in their secondary schooling although this has been disrupted because of Cowd-19. Our partnership with Mano & Mano in South America ceased in 2017. A small amount of funds are still being receive(J for Mano & Mano and these are transferred as agreed. The Hand in Hand Foundation IHIHFI office in Kenya was set up to Support our East African projects.The HIHF Board includes DT Timothy Wachira, Dr Ole Ronkei. Peterson Marira, Dr, Jennifer Gatiri, Nancy Weweru and Grant Smith. This board advises the UK board on matters concerning East Africa as well as ensuring that 811 govemance issues are adhered to in Kenya with the NGO board. In note 7 to the accounts, grants paid during the year include monies paid to HIHF for future distribution lo specrfic projects previously supported directly. Whilst some funds are not being utilised they are invested in fixed deposit accounts and the interest is used to contribute to the running of the HIHF office. Audited a¢¢ounls for Hand in Hand Foundation are received lo verify use of designated funds. Project activity is reviewed and evaluated continually by Iruslees and staff to ensure maximum effect, efficiency and economy. Visits from the UK to project partners have been reslricled due to Covid-19 but conta¢l has been maintained by the HIHF office in Kenya with our partners. Mis$ion trlps Hand in Hand continues to encourage individuals and church gTOUPS lo visit and work with project partners overseas, on a 5elf-financed basis, for varying lengths of lime within the year. No trips have18ken place since the outbreak of Covid-19. Financlal R•vlew Income Overall income this year was up to £ 478.827 1201912020 £ 320,8511 whh comprises of individua15, churches, trusts, fundraising evenls,-sponsor5hip and corporate givin9. Included within this sum is a previously unrecognised investment of sale of land that was donated in trust and some specific giving for an affordable housing project in Kenya. Trtjslees are considering within their strategic review the best usg of these funds. We were again successfiJl in attracting sufficient funding from individuals. corporate donors and trusts lo cover our office costs which once again meant that 1000/0 of PToje¢l specffjic gifts from individuals and churches were Ljsed for the project intended with nothing being deducted for office costs. We plan lo conl*nue this practice although it is a growing challenge. Ex nditure The expenditure for the year was up to £ 248,76012019120 £333,948>. Ovorhead costs, not attributed to charrtable activrties We £ 10,040, representing 10A of income12019120." £9,064, 30AI Page 3
HAND IN HAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021 Re erves & Investrnent Polic The policy ol the Trustees is lo use income lo support projects rather than increase its own funded position. The Charity retsins a Reserve of £10,000 which is considered sufficient to cover for immediate costs. The investment of £25,000 made in 200718 period remains. A¢hievements and plans for future perlods Ye Inc me Bud Actual 03~04 £ 150,000 £ 123,653 04-05 £ 250.000 £225,131 05-06 £ 400,000 £ 341,289 06-07 £ 326,650 £ 396,426 07-08 £ 382,000 £ 361,052 08-09 £ 391,000 £ 503,632 09-10 £429.450 £ 350,694 10- 11 £ 407,400 £ 335,000 £ 313,771 £ 325,965 £ 351,084 £ 357,375 £ 372,500 £ 322,733 £ 380.305 £423,716 £ 388,400 £ 319,541 £ 353.674 £ 348.881 £ 393,479 £ 352,369 £ 394,429 £ 296,074 £ 298,728 £ 320,851 £ 324,495 £ 478.827 £ 387,791 The trustees recognise that the income of the charity should not be the only stati5ti¢ of measuring development because the focus of the organisation is lo identify and support as many people in need as possible through its project activity. rather than amass funds During the year we have invested in individuals leaving education and going 011 to further training. We realise that without this continued input into the lives of chIldn that have been assisted through our projects they will not be able to go on lo realise their potenti81. It is our plan to continue with this strategy which may not produce increased numbers lo report on but will add value to the support that has previously been given. A rough estimate of the number of children that have been supported directly or indirectly ¢Juring the pgriod to which thi5 report relates is 2,500. 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21 21-22 Addktional Information The Trustees have 8dopted the provisions of Accountin9 and reporting by Charities.. Statement of Recommended Practice applicable lo charitie5 preparing their accounts in accordan with the Finan¢i81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019}. This document wa$ approved by the Twslees al their meeting on ... by.. 35 rlcka 3017...and signed on their behalf Mr Grant Smith, airman. Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAND IN HAND Independent examiner's report to the trustees of Hand In Hand I report to the charity trustees on my examlnation of the accounts of Hand In Hand (the Trust) for the year ended 30 June 2021. Re$pon$ibilities and basis of report As the charity trustee5 of the TN5t you are responsible for the preparation of the accounts In accordance with the requirements of the Charities Act 2011 I'the Act,). l port in SpeCt of my examinatlon of the Trust's accounts carried out under settion 145 of the Act and in carrying out my examination I have followed all applieable Direttions given by the Charity Commisslon under section 145{5llbl of the Act. Independent examlner's statement Since your charity's gross incorne exceeded £250,000 your examiner must be a member of a listed body. L can confirm that l am Qualified to ur>dertake the examination because l am a gIstered member of Institute of Chartered Accountants in England & Wales which is one of the listed bodies. I have completed my examlnatlon. I confirm that no material matters have ctsme to my attention in connertion with the examination givin9 me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as requlred by sectlon 130 of the Act,. or the accounts do not accord with those COrds. or the accounts do not comply with the applicable quirementS concerning the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters In connectlon wlth the examination to which attention should be drawn In thls report in order to enable a proper understanding of the accounts to be reached. LELZU Lee Blunden FCCA CTA clemen Hoar Cummings Chartered Accountants Riverside House 1-5 Como Street Romford Essex RM7 7DN Date.. 25th March 2022 Page 5
HAND IN HAND STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 30 JUNE 2021 2021 Total funds 2020 Total ftjnds as restated unstrICted funds Restrlcted funds Notes INCOME AND ENDOWMENTS FROM Charitable activities 223,923 254,033 477,956 314,098 other trading actlvities Investment income other Income 591 28 252 591 28 252 6,432 69 252 Total 224,794 254,033 478,827 320,851 EXPENDITURE ON Raising ftjnds 3,181 3,181 1,984 Charitable activltles Charitable Activities 82,696 162,883 245,579 331,964 Total 85,877 162,883 248,760 333,948 Net gains on Investments 539 186 539 186 NET INCOMEI(EXPENDrruRE) 678,103 91,150 769,253 {13,097) Transfers between funds 19 Net movement In fund$ 669,587 99,666 769,253 113,0971 RECONCILIATION OF FUNDS Total funds brought forward 63,647 43,854 107,501 120,598 TOTAL FUNDS CARRIED FORWARD 733 234 143 520 876 754 107 501 The notes form part of these financlal statements Page 6
HAND IN HAND BALANCE SHEET 30 JUNE 2021 2021 Total funds 2020 Total funds as $tated Unrestricted funds Restr(cted ftjnds Notes FIXED ASSETS Investments 14 9,620 9,620 19.500 CURRENT ASSETS Debtors Investments Cash at bank and In hand 15 16 2,913 25,000 699 721 2,913 2S,000 843 241 3,535 2S,000 143 520 717,634 143,520 871,154 91,901 CREDITORS Amounts falling due wlthln one year 17 (4,020) {4,020) 13,900) NET CURRENT ASSETS 723 614 143 520 867 134 TOTAL ASSETS LESS CURRENT LIABILrrIES 733,234 143,520 876,754 107,501 NET ASSETS 733 234 143 520 876 754 107 501 FUNDS UnrestrScted funds Restricted funds 19 733,234 143 520 63,647 TOTAL FUNDS 876 754 107 501 The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: G Smith Trustee The notes form part of these financial statements Page 7
HAND IN HAND CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2021 2021 2020 as restated Notes Cash flows from operating actlvlties Cash generate(J from operations 230 529 12 168) Net cash provided byllu5ed rn) operating artivities 230 529 12 1681 Cash flows from Inve5tin9 actlvlt5es Sale of Intangible fixed assets Sale of flxed asset investments Interest reIved 252 549,066 28 252 69 Net cash provided by Investing attivities 549 346 321 Changè In cash and cash equivalents in the reporting perlod Cash and cash equivalents at the beglnning of the reporting pérlod 779,875 111,8471 Cash and cash equivalents at the end of the reporting period 843 241 The notes form part of these financlal statements Page 8
HAND IN HAND NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2021 RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVThIES 2021 2020 as restated Net income/{expenditure) for the rèporting perlod (as P¢T the Statement of Financial Activities) Adjustments for: Losses on investments Profit on dlsposal of fixed assets Interest received Decrease in debtors Increaselldecrease) in creditors 769,253 {13,0971 (539,186) (252) {28) 622 120 {2521 (69) 17,205 15 955) Nèt cash provlded by/(used In) operations 230 529 12 168) ANALYSIS OF CHANGES IN NET FUNDS At 1.7.20 Cash flow At 30.6.21 Net cash Cash at bank and in hand 779 875 843 241 779 875 843 241 Llquid resources Deposits Included in cash Current asset investments Total 779 875 868 241 The notes form part of these financlal statements Page 9
HAND XN HAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JLINE 2021 ACCOUNTING POLICIES Basis of preparlng the financlal statements The financial statements of the charity, which Is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by CharitSes'. Statement of Recommended Practice appllcable to charltles preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 102) (effective l January 2019)., Financlal Reporting Standard 102 'The Financlal Reporting Standard applicable in the UK and Republic of Ireland. and the Charities Art 2011. The flnancial statements have been prepared Ljnder the historical cost conventlon, with the exptIOn of Investments which are included at market value. Income All income 15 cOgnISed in the Statement of Financlal Attivities On the charlty ha5 entitlement to the funds, it is probable that the Income will be received and the amount can be measured reliably. Expendituré Liabilitles are recognlsed as expenditure as soon as there is a legal or constructive obligation commltting the charity to that expenditure, it 15 probable that a transfer of economic benefits will be required In settlement and the amount of the obligation can be measured reliably. Expenditure Is accounted for on an accruals basis and has been classified under headlngs that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activitie5 Qn a basis consistent wlth the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as commitment but not acctued as expenditure. Allotatlon and apportionment of costs The allocation of direct and support costs have been allocated on the basls of artual staff time. Tangible fixed assets Depreciation is provided at the following annual rate5 in order to write off each asset over Its estlmated useful life. Fixtures and fittings Computer equipment 20Vo on cost 33010 on cost Taxation As a charity, Hand In Hand is exempt from tax on incorne and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Art 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity. Fund accounting Unrestricted funds can be used In accordance with the charltable objectives at the discretitsn of the tnjstees. Restrirted funds Can only be used for particular restricted purposes within the object5 of the charlty. Restrictions arlse when 5peclfied by the donor or when funds are rassed for particular restricted purpose5. Designated funds are unrestrlcted funds 'ring fend, by the Management Committee for particular purposes. Further explanatSon of the nature and purpose of each fund Is Included in the note5 to the financlal statement5. Investments Investment assets are recogni5ed in the balan sheet at rnarket value or at the trustees, best estlmate of market value to best repsent a true and fair view. All changes to the value a reported In the gains and losse5 on Snvestment assets section of the Statement of Financial Activities. Page 10 continued..
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021 CHARITABLE ACTIVITIES 2021 2020 as restated Gifts Donations Gift aid Grants Mission trips 130,934 303,383 25,079 18,560 217,513 25,135 29,800 477 956 314 098 Grants received, included in the above, are as follows-. 2021 2020 as restated New Grant Alexis Trust FG Charltable Trust Forest Hill Charitable Trust Rimshot Charitable Trust Souter Charitable Trust Houston 3,300 300 13,000 1,000 960 19,000 1,000 6,500 3,000 300 OTHER TRADING ACTIVThIES 2021 2020 as restated Fundraising events Sale of goods 223 368 5,227 591 INVESTMENT INCOME 2021 2020 as restated Deposit account interest 28 69 Page 11 continued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021 RAISING FUNDS Ralslng donations #nd légacies 2021 2020 as restated staff costs Fundraising 1,295 1,513 471 CHARITABLE ACTIVITIES COSTS Grant funding of actlvitles (see note 71 Support costs (see note 81 Totals CharStable Activities 204 624 245 579 GRANTS PAYABLE 2021 2020 as restated Charltable Activities 204 624 241 380 The total grants paid to institutlons during the year was as follows.. 2021 2020 as stated Hand in Hand Foundation IHIHFI HIHF - Daylove Children's Centre, Kenya HIHF - GFI, Mogonjet School, Kenya HIHF - Namrata Shah ChIldn'S Home, Kenya HIHF - New Hope Children's Centre, Kenya HIHF Thika Orphans and Grandparents Scheme, Kenya HIHF - High Level Early Childhood Centre (HLECCI, Iganga, Uganda New Hope childn'S Centre, Kenya Katwe School & Clinic, Kampala, Uganda Nshumi Schools, Uganda Mano & Mano, Ecuador stand in the Gap 66,100 13,000 6,700 900 13,700 2,200 1,800 57,250 5,522 20,512 1.140 5.800 75,600 19,354 1,680 26,579 1,400 1,002 61,810 5,099 21,956 26,900 204 624 241 380 Page 12 continued..
HAND IN HANO NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 30 JUNE 2021 SUPPORT COSTS Governance costs Management Totals Charitable Activities Stjpport costs, induded in the above, are as follows.. 2021 2020 as stated Total activities Charitable ActTrvities Wages Rent & utilities Insurance Transport & travel Telephone & stationery Office equip & computer costs Publicity Sundries Legal & bank costs Mission trips Subscriptlons Wages Independent examination fee 16,456 8.626 558 20,960 8,619 667 192 6,876 6,563 3,071 3.804 302 511 150 460 158 3.139 414 90 38,923 200 3,180 TRUSTEES, REMUNERATION AND BENEFThS There were no trustees. remuneration or other benefits for the year ended 30 June 2021 nor for the year ended 30 June 2020. Trustees. expenses During the year expenses amounting to £179 12020: £160) were paid on behalf of all 7 {2020.. 7) of the charStles trustees. 10. STAFF COSTS 2021 2020 as restated Wages and salaries The average monthly number of employees during the year was as follows.. 2021 2020 as restated Staff employed No employees received emoluments in excess of £60,000. Page 13 ¢ontinued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 30 JUNE 2021 io. STAFF COSTS - continued The average number of full time equlvalent employees Is l. No employees had emoluments in excess of £60,000. The total remuneration for key management personnel Is £19,000. 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrirted funds Restrtcted fund5 Total funds as restated INCOME AND ENDOWMENTS FROM Chèritable activities 115,041 199,057 314,098 Other tradlng actlvitie5 Investment income other Income 6,432 69 252 6,432 69 252 Total 121,794 199,057 320,851 EXPENDITURE ON Raising funds 1,984 1,984 Charltable activltles Charltable Activities 115,343 216,621 331,964 Total 117,327 216,621 333,948 NET INCOME/(EXPENDITURE) 4,467 {17,564) {13,097} Transfers tween funds NÉt movement in funds 5,470 118,567) 113,097) RECONCILIATION OF FUNDS Total funds brought forward 58,177 62,421 120,598 TOTAL FUNDS CARRIED FORWARD 107 501 12. PRIOR YEAR ADJUSTMENT The trustees were gifted an interest in agricultural land on 31 October 2013 whlch had a value of £19,500. The trustees realised they should have COgnised this in the accounts to the year ended 30 June 2014. The accounts have been restated to reflect an increase In assets at the l July 2018 and a matching Increase in the reseNes of the charlty as at that date. Durin9 the year Just over 50% of the land was sold and thls is reffected In the accounts as a capital gain. Page 14 contlnued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 30 JUNE 2021 13. TANGIBLE FIXED ASSETS Flxtures and httings Computer eqLslpment Totals COST At l July 2020 and 30 June 2021 988 DEPRECIATION At l July 2020 and 30 June 2021 988 NET BOOK VALUE At 30 June 2021 At 30 June 2020 14. FIXED ASSET INVESTMENTS Unlisted investment MARKET VALUE At l July 2020 Disposals 19,500 At 30 June 2021 NET BOOK VALUE At 30 June 2021 At 30 June 2020 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 as restated Other debtors Prepayments and accrued income 1,758 16. CURRENT ASSET INVESTMENTS 2021 2020 as restated Investment in Hand Sn Hand INRG) Ltd The investment Is held outslde of the UK. Page 15 continued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 30 JUNE 2021 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 as restated Accrued expenses 18. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows.. 2021 2020 as restated Within tsne year Page 16 continued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021 19. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 30.6.21 At 1.7.20 Unrestricted fund$ General fund Contingency Administration HIHF - Daylove Children's Centre, Kenya High Level Early Chlldhood Centre, Iganga, Uganda Stand in the Gap Reseryes 49,609 10,000 3,505 1,551 (8,578) 42,582 10.000 249 (3,318) 62 50 50 93 440 93 260 680 000 (180) 680 000 63,647 678,103 (8,516) 733,234 Restrirted fund$ Centre of Hope, Kenya HIHF - Daylove Children's Project, Kenya HIHF - Grace Foundation International Mogonjet School, Kenya Hand in Hand Foundation, Kenya HIHF - Namrata Shah, Kenya HIHF - New Hope childn'S Centre. Kenya HIHF - New Hope Barclays, Kenya HIHF Thika Orphans and Grandparent5 Scheme, Kenya HIHF - High Level Early Childhtsod Centre, Iganga, Uganda JJCTIUI, Uganda Katwe School and Clinic,Uganda Mano & Mano, Ecuador Mis5i0n Trips Stand in the Gap Administration Embu Investment fund i.ooi 1,400 1,070 3,471 2,223 45 290 (2,281) 1,317 (360) 1,585 1,527 1,362 125 195 3,720 29,339 (908) (467) 645 3,457 28,872 511 (313) 198 964 333 93 iio 3,066 719 1,438 (840) (1,747) (1,597) (1,040} 459 (1,177} (1,296} loo 000 124 1,061 196 70 2,421 492 142 loo 000 2,475 1.700 1,000 (1,104) 950 143 520 TOTAL FUNDS 107 501 769 253 876 754 Page 17 continued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 30 JUNE 2021 19. MOVEMENT IN FUNDS- continued Net movement in funds, Included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund Administratitsn HIHF - Daylove Children's Centre, Kenya Stand in the Gap Reserves 64,950 28,040 (53,519) (31,358) (9,880) 1,551 (3,318) 50 820 130 934 50 {180) 680 000 (1,000) 549 066 224,794 {85,877) 539,186 678,103 Restricted funds HIHF - Daylove Children's Project, Kenya HIHF - Grace Foundatlon International Mogonjet Schotsl, Kenya Hand in Hand Foundation, Kenya HIHF - Namrata Shah, Kenya HIHF - New Hope Chlldren's Centre, Kenya HIHF - New Hope Barclays, Kenya HIHF - Thika Orphan5 and Grandparents Scheme, Kenya HSHF - HSgh Level Early Childhood Centre, Iganga, Uganda JJCT{Ul, Uganda Katwe School and Clinic,Uganda Mano & Mano, Ecuador MSsslon Trlps Stand In the Gap Admlnistration Embu Investment fvnd 14,400 (13,000) 1,400 4,419 15,417 540 (6,700) (14,100) (900) (2,281) 1,317 (360) 22,792 56,783 (23,700) (57,250) (908) (467) 1,887 (2,200) (313) 960 18,765 3,925 loo 459 3,623 9,963 loo 000 (1,800) (20,512) (5,522) (1,140) (840) (1,747) (1,597) (1,040) 459 (1.177} (1,296) loo 000 (4,800) {11,259) 254 033 162 883} TOTAL FiINDS 478 827 248 760) 539 186 769 253 Page 18 contlnued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021 19. MOVEMENT IN FVNOS- continued Comparatlves for movement tn funds Net movement In funds Transfers between funds At 30.6.20 At 1.7.19 Unrestrirted funds General fund Contingency Administration HIHF - Daylove Chlldren's Centre, Kenya Namrata Shah, Kenya New Hope Children's Centre, Kenya High Level Early Childhood Centre, Iganga, Uganda Stand in the Gap JJCTIU), Uganda 46,372 10,000 683 6,117 {2,880) 49,609 10,000 3,505 719 2, 103 11,169) 1266) 1345) 1, 169 266 345 93 29 93 440 1289) 700 58,177 4,467 1,003 63,647 Restrirted funds Centre of Hope, Kenya HIHF - Daylove Children's Project, Kenya HIHF - Daylove - Whispers, Kenya HIHF - Grace Foundation International Mogonjet School, Kenya Hand in Hand Foundatlon, Kenya HIHF - Namrata Shah, Kenya HIHF - New Hope childn'S Centre, Kenya HIHF - New Hope Barclays, Kenya HIHF - Thika Orphans and Grandparents Scheme, Kenya HIHF - High Level Early Chlldhood Centre, Iganga, Uganda Jjcriu), Uganda Katwe School and Clinic,Uganda Mano & Mano, Ecuador Mission Trips Stand in the Gap Administration Gift Catalogue 332 144 669 I,ooi (144) 99 69 2,124 {24) 146 2,223 45 290 144 2,781 48,984 939 (19,645) 3,720 29,339 24 487 511 1,006 753 127 50 2,072 121 5,834 23 1421 12,4201 11,9141 60 2,994 598 (4,3961 964 333 93 iio 3,066 719 1,438 2,000 1,880 {2,000) TOTAL FUNDS 120 598 13 0971 107 501 Page 19 contlnued...
HAND XN HAND NOTES TO THE FINANCZAL STATEMENTS- ¢ontinued FOR THE YEAR ENDED 30 JUNE 2021 19. MOVEMENT IN FUNDS- continued Comparattve net movement in funds, included In the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund Admlnlstratlon HIHF - Daylove Children's Cent, Keny Namrata Shah, Kenya New Hope Children's Centre, Kenya Stand in the Gap JJCTIUI, Uganda HIHF - Designatecl 67.548 37,366 161,4311 136,6471 6,117 719 3,000 1,000 2,769 8,811 1,000 300 (4,1691 {1,2661 {3,1141 {9,1001 {1,300) (1,1691 (2661 (3451 (2891 (3001 121,794 (117,327) 4.467 Restrlcted funds Centre of Hope, Kenya HIHF - Daylove Children's Project, Kenya HIHF - Grace Foundatlon International Mogonjet School, Kenya Hand in Hand FoLJndatlon, Kenya HIHF - Namrata Shah. Kenya HIHF - New Hope Chlldren's Centre, Kenya HIHF - New Hope Barclays, Kenya HIHF Thika Orphans and Grandparents Scheme, Kenya HIHF - High Level Early Childhood Centre, Iganga, Uganda Jjcriui, Uganda Katwe School and Cllnic,Ugand Mano & Mano, Ecuador Mission Trips Stand in the Gap Adminlstratlon Gift Catalogue 2,000 12,000) 15,854 {15,185) 669 2, 124 14,976 560 2,124 (24) 146 {15,000) 1414) 22,404 42,165 121,465) 161,8101 939 (19,645) 1,887 (1,4001 487 960 18,236 3,185 60 41,835 18,398 11,553 (1,002} 120,656} {5,099) (42) 12,420) 11,914) 60 2,994 598 14,396) (38,841} (17,800) (15,949) 199 057 216 6211 17 564) TOTAL FUNDS 320 851 Page 20 continuert...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS - contlnuad FOR THE YEAR ENDED 30 JUNE 2021 19. MOVEMENT IN FUNDS- continued A current year 12 month5 and prior year 12 months comblned position is as follows.. Net movement In funds Transfers between funds At 30.6.21 At 1.7.19 Ursrtstrlcted funds General fund Contingency Administration HIHF - Daylove Children's Centre, Kenya Namrata Shah, Kenya New Hope Chlldren's Centre, Kenya High Level Early Childhood Centre, Iganga, Uganda Stand In the Gap JJCTIU), Uganda Reserves 46,372 10,000 683 7,668 (11,458) 42,582 10,000 249 {2,599) 2,165 {1,119) 1266) 1345) 1,169 266 345 50 93 29 1,000 93 260 1469) 1300) 680 000 700 {700} 680 000 58,177 682,570 (7,513) 733,234 Restrlcted funds Centre of Hope, Kenya HIHF - Daylove Children's Project, Kenya HIHF - Daylove Whispers, Kenya HIHF - Grace Foundation International Mogonjet School, Kenya Hand In Hand Foundation, Kenya HIHF - Namrata Shah, Kenya HIHF - New Hope Children's Centre, Kenya HIHF - New Hope Barclays, Kenya HIHF - Thika Orphans and Grandparents Scheme, Kenya HIHF - High Level Early Childhood Centre, Iganga, Uganda JJCTIUI, Uganda Katwe School and Cllnic,Uganda Mano & Mano, Ecuador Mission Trips Stand In the Gap Admlnistration Gift Catalogue Embu Investment fund 332 144 2,069 1,070 {1441 3,471 99 69 {157) 1,293 {214) 1,585 1,527 1,362 125 339 2,781 48,984 31 120,112) 645 3,457 28,872 24 174 198 1,006 753 127 50 2,072 121 5,834 23 {882) (4,167) {3,511) (980) 3,453 1579) {5,692) 2,860 loo 000 124 1,061 196 70 2,421 492 142 4,475 3,580 1,000 13,1041 950 12,8831 100 ODO 143 520 TOTAL FUNDS 120 598 756 156 876 754 Page 21 ¢ontinued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JiINE 2021 19. MOVEMENT IN FUNDS - continued A current year 12 months and prfor year 12 months Combined net movement In funds, included In the above are as follows.. Incoming resource5 ReSoUrS expended Gains and losses Movement In fLtnds Unrestrlcted funds General fund Administration HIHF - Daylove Children's Centre, Kenya Namrata Shah, Kenya New Hope Chlldren's Centre, Kenya Stand in the Gap JJCTIUI, Uganda HIHF - Designated ReseNes 132,498 65,406 1114,9501 168,005) {9,8801 7,668 (2,599) 3,050 I,ooo 2,769 9,631 1,000 300 14,1691 11,2661 13,1141 i io,iooi 11,300} 1300} {1,119) {266) {345) {469} {300} 549 066 680 000 346,588 (203,204) 539, 186 682,570 Restricted funds Centre of Hope, Kenya HIHF - Daylove Children's Project, Kenya HIHF Grace Foundation International Mogonlet School, Kenya Hand in Hand Foundation, Kenya HIHF - Namrata Shah, Kenya HIHF - New Hope Childn,$ Centre, Kenya HSHF - New Hope Barclays, Kenya HSHF Thlka Orphans and Grandparents Scheme, Kenya HIHF - High Level Eady Childhood Centre, Iganga, Uganda JJCT(Ul, Uganda Katwe School and Clinic,Uganda Mano & Mano, Ecuador Mission Trips Stand in the Gap Admlnistration Gift Catalogue Embu Investment fvjnd 2.000 (2,000) 30,254 {28,185} 2,069 6,543 30,393 I,ioo (6,700) {29,100} (1,314) {157} 1,293 {214) 45,196 98,948 {45,165) (119,060} 31 120,112) 3,774 (3,600) 174 1,920 37,001 7,110 160 42,294 22,021 21,516 2,860 IOQ DOO (2,802) 141, 168) 110,621) {1,1401 138,841) 122,600) 127,208) {882) (4,167} (3.511} (980) 3,453 {579} {5,692} 2,860 loo 000 453 090 379 5041 TOTAL FUNDS 799 678 582 7081 539 186 756 156 General Fund Unrestricted gifts which are used at the dlscretion of the trustees to support any projects where there is a Short-fall in the specified glving In order to meet the pr¢jetts' needs. It can also be used for emergency and un-budgeted needs including overheads if required. Contlngency Fund Hand in Hand retalns a contSngency fund to cover the charlty for estimated costs should the charity have to close for any reason. Admlnlstratlon Our Adminlstratlon fund covers all overheads includlng salaries, office rent and communications, heat5ng, lightlng, office supplies and lundrai5ing costs. Page 22 continued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021 19. MOVEMENT IN FUNDS- continued Africa Kenya Hand in Hand FoundatSon (HIHF) Funds received into this account are used to contribute to the running costs of the Kenyan Office which supports our partners on the ground. Funds received for this are from a specific donor who ha5 SUPPOrted this cost for the last 6 years. HIHF- Daylove Children's Project Daylove is a day centre for about 150 children from poor families living in the impoverished Dagoretti area OF Nairobi, Kenya. Daylove provides pre-primary education, support and welfare for primary and high school aged children and limited vocational training. Daylove also have a night shelter which can cater for up to 40 vulnerable children. HXHF - Whispers Daylove A small dedicated fundr3i5in9 group In the UK whose sole purpose is to raise funds for the Daylove ChSldren's Centre in Nairobi, Kenya through Hand In Hand. No further fundraising will be made by this group after their last donation in lune 2019. HTHF - Grace Foundatlon International - Mogonjet School Grace Foundation International, is our partner projert in Kericho through whlch Hand in Hand support Mogonjet School. Mogonjet School provldes pre-primary, primary and secondary education. It also has a clinic and tailoring shop on site which serve the community. As well as providlng funding Hand in Hand facilitate the relationshlp of a King Edward Vl Grammar School (KEGS) in Chelmsford wlth Mogonjet School. HIHF- New Hope Chlldren's Centre New Hope is a children's Cent providing accommodatlon, welfare and education for 100 orphaned or abandoned children in Uplands, about 30 miles north of Nalrobi. New Hope also suppotts some 60 children from the surrounding community who are also in need of education fees and welfare support. HIHF - Barclay$ New Hope This fund also supports New Hope Children's Centre but all of the funds are raised by a supporter group historically connetted to Barclays in the North of England. Barclays also match fund a lot of the fundraising done by its employees. Part of the Barclays fund has also supporteLI medical costs for the children and community of New Hope. HIHF - Thika Orphans and Grandparènts Scheme Thika Orphans and Grandparents Scheme where, in partnership with the Anglican Diocese of Thika in Kenya, elderly grandparents are helped towards self sufflciency so that they can continue to care for their orphaned grandchildren and prevent them being split up and placed Into orphana9es. HIHF- Namrats Shah Children's Home A children's orphanage in the Thlka district of Kenya providing a home for 34 children. Managed by the Anglican Diocese of Thika. HIHF - Centre of Hope The Nakurtj Christlan professlonals Association INCPA) is a group of Kenyan professionals that look to meet some of the needs of the poorest in their community. Their maln project is the Centre of Hope which is a vocational tralnino centre that delivers accredited courses. This centre Is also known as Nakuru Training Institute. HIHF - Medical Prevention Fund This fund was set up to enable funds to be allocated for the use of medical needs for the children supported through our projects in East Afrlca with a particular emphasis on screening and preventative measures. Page 23 continued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021 19. MOVEMENT IN FUNDS- continued Stand in the Gap This fund was previously named the Bursary Fund and can be used to support educational or training needs across all our projects. Embu Jnvestment Fund This fund has been set up to empower families throLtgh a tenant purchase scheme enabllng them to own their own home5. other Varlous smaller project partners in Kenya. Uganda Kampala EvaTrgelital School of Theology (KEST) The Kampala Evangellcal School of Theology Is based in Kampala, Uganda and offers diploma courses for a variety of disciplines, all within a Christian ethos, for local people rather than them having to 90 abroad for diploma educatlon. Hand in trland are not proactively fLtndralsing for KEST at thls time. Katwe School and Cllnlc Nysamba Full Gospel Church of Kampala is working in the Katwe slum areè of Kampala, Uganda to bring support to vulnerable children through accommodatlon for about 20 chlldren,. education ft)r 400 and health care for the children and the wider communlty through a cllnic that Is almost self supporting. JJcr(u) - 3ehovah Jlreh Community Transformation Formerly Nshumi Schools. This project is providing a prlmary school and a secondary/vocational school in Nshuml to meet the educational needs of rural chSldren in this part of Western Uganda. Durlng the year they have also bought a college called JJ Excel providing various vocational courses. HIHF - High Level Eprly Childhood Centre, Iganga rural centre meeting the early education and Welfa needs of rural children. It operates a nursery, primary school and orphanage. Support of this project will be phased out durlng 2019, remaSning with only supptsrt of secondary school fees for 8 orphoned children from the prsmary school. other Various smaller project partners in Uganda. South Ameri¢ Ecuador Mano & Mano An after school projett in El TSngo, Ecuador supporting children from poor families through education and Christian teachin9. The project also provldes services for their familles as well. This project now manages their own support and Hand in Hand purely forward any funds still being reiVed by them for Mano & Mano. Mission Trips Our trips Fund includes all Income from supporters who are maklng vSsits individually or as a team to our overseas projects and includes such items as airfares, travel, accommodation, travel insurance and a contribution towards the administratlon of trips. Page 24 continued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS - eontlnued FOR THE YEAR ENDED 30 JUNE 2021 20. RELATED PARTY DISCLOSURES During the year £13,000 {2020'. £19,000) was recelved from FG Charitable Trust. Grant Smith Is also a member of board of trustees for FG Charitable Trust. There a no balances due at the year end. Grant Smith is a member of the board of trustees for Hand in Hand Foundation in Kenya, during the year a total of £114,400 (2020.. £124,215) was paid to the foundation, £35,100 12020.. £54,534) collected by Hand in Hand for use tsn restrlcted projects and paid with the same restrirtions imposed on the grant, £52,000 {2020.. £59,ODOI yet to be assigned to restricted projects and £14, 100 12020.. £15,300) for administrative costs within the ft)undation. The are n balances payable at the year end. During the year £1,219 (2020.. £1,264) was rece4ved in donatlons from Hand In Hand Group Limited. Grant Smith is a Dlrector and Shareholder of Hand in Hand Group LimSted. There are no balanS outstanding at the year end. During the year a salary of £19,000 12020.. £19,067) was pald to Mrs Sue Smith as full time Development Manager. Mrs Smlth Is married to Mr Grant Smith. Appropriate disclosure has been made to the Charity Commission. Pa9e 25
HAND IN HAND DETAZLED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021 2021 2020 as restated INCOME AND ENDOWMENTS Charltable activities Gifts Donations Gift aid Grants Mission trips 130,934 303,383 25,079 18,560 217,513 25, 135 29,800 477,956 314,098 other tradlng activitleg Fundraising events Sale of goods 223 368 5,227 591 6,432 Xnvestment income Deposit account interest 28 69 other Income other income 252 252 Total Incomlng resources 478,827 320,851 EXPENDITURE Ralsing donations and legaeiés Wages Fundralslng 1,295 1,513 471 3,181 1,984 Charitable activitie$ Grants to institutions 204.624 241,380 Support costs Management Wages Rent & utilities Insurance Transport & travel Telephone & statlonery Office equip & computer costg Publicity Sundrie5 Legal & bank costs Mlsslon trSps Subscriptions 16,456 8,626 558 20,960 8,619 667 192 6,876 6,563 3,071 3,804 302 511 150 460 158 414 90 38,923 200 34,096 83,504 This page does not form part of the statutory financial statements Page 26
HAND IN HAND DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021 2021 2020 as restated Management Governance costs Wages Independent examination fee 3,139 3, 180 Total resources expended 248 760 333 948 Net incomè/{expendltur•) before gains and losses 230,067 113,0971 Reallsed recognised gains and losses Realised gains/(losses} on fixed asset investments 539 186 Net incomel(expenditure) 769 253 13 0971 This page does not form part of the statutory flnancSal statements Page 27