handkkhand tran8formlng Ilves of chlldren born In poverty www.handlnhand.org.uk ANNUAL TRUSTEES REPORT & FINANCIAL STATEMENTS YEAR ENDED JUNE 30th 2024 hnn¢t.ihHIKI ' Hand in Hand Joseph's Barn, Woodend Farm, Hatfield Road, Witham, Essex. CM8 IEH. CHARITY REGISTRATION NO. 1069976
HAND IN HAND CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Page Report of the Trustees Independent Examlner's Report statement of Flnandal Actlvltlts Balance Sheet Cash Flow Statement Notes to the Cash Flow Statement Notes to tht Flnanclal Statements 10 to 23 Datalled Statement of Flnanclal Actlvltles 24 to 25
HAND IN HAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 A message from the Chalrnian It has been my pleasLEre to take on the role of Chalrman of Hand in Hand Charlty. Getting to know and understand the Impact of this charity is inspiring. We remain tremendously grateful for the loyal supporters that Hand in Hand have, many having supported from the start In 1998. l am also grateful for the talents, time and skills of the trustee5, Staff and volunteers without whom Hand in Hand would not be able to operate. TIM Rose OBJECTIVES AND ACTIVITIES p.c the relief of personal need or hardship throughout the world, the promotion and fulfilment of such other charitable purposes beneflcial to the communlty In those parts of the world as deemed appropriate by the trustees. the advancement of the Chrlstlan falth Hand in Hand is passlonate about glving hope to orphaned and vulnerable chbldren in East Africa by provlding access to educatlon, tralnlng, mentorship and sUPPOrt. We will empower them to attaln employment or Income opportunlties towards self-sufficlency. The trustees of Hand In Hand have a policy of supporting project5 where a relationshlp wlth an overseas partner has already been established over a perlod of about two years and where the project to be supported has demonstrated Its commltment to the solution before Hand in Hand engages on a practical basls. No new project partners have been engaged durlng the year. The trustees wlth Hand In Hand Foundatlon (our Kenyan affillate organlsatlon) regularly review our work's Impact. Whllst there Is an emphasis in the area of tralning and mentorship. we continue to support our project partners wlth the costs connected to the chlldren's education and care as the need Is evldent. As we plan for the future, both boards are glving thought to sustalnabilltyi looklng at varlous ways to achieve the income requlred. ACHIEVEMENT AND PERFORMANCE Charltable actlvltles Projects and Parlners Our work has been a team effort from the beglnnlng, with partnershlp belng at the heart of all we do. We stand with our project partners, offering support, feedback and access to funds relying on thdr experlence, perseverance and local knowledge. Durlng the year, Hand In Hand has supported six projects in Kenya, Includlng Daylove ChIldn,5 Project; New Hope Children's Centre. Murata CBO {prevlously Namrata Shah Chlldren's Home), Grace Foundation International (Mogonjet School) and Nakuru Tralning Institute (formerly known as Centre of Hope). Support has been malnly through donations for child welfare, educatlon, tralnlngi mentorship, some construction work. and recelving support vla our Kenyan Officer. In Uganda. Hand in Hand has supported two community projects: Nsambya Full Gospel Church Primary School, Katwe,. JJ Community Transformatlon (Ul Schools and College and some students frotn High Level Early Childhood Centre, Iganga, with whom we were previously involved. All partners have met wlth the charlty's working prinapal. The Hand in Hand Foundation {HIHF) office in Kenya was set up to support our East Afrlcan projects. It has It'5 own legal entity and Is registered with the NGO board in Kenya. The HIHF Board includes Dr Timothy Wachird, Dr Ole Ronkei, Peterson Marira, Dr Jennifer Gatlrl, Nancy Weweru, mr.joe Ogutu and Grant Smith. This board advises the UK board on matters concerning East Africa and ensures that all governance issues are adhered to in Kenya with the NGO board. Peter Karanja, the East Africa Development Manager. maintains strong links with the project partners and carrles out regular monitoring and evaluation visits. He also organises the training and mentorship programme. In note 7 to the accounts, grants paid durlng the year include monies paid to HIHF for future dlstribution to specific projerts prevlously supported dlrectly. Whllst some funds are not being utilised, they are invested In fsxed Page I
HAND IN HAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 deposit accounts, and the interest IS Used to contribute to running the HIHF office. Audited accounts for Hand In Hand Foundation are received to verify the use of designated funds. Trustees and staff review and evaluate project activity continually to ensure maximutn effect, efficiency and economy, During the period. two visits to Kenya took place by the CEO. The Hand in Hand Foundation office in Kenya also maintains regular contact with our partners. Mission trlps In February 2024, Hand in Hand faolitated a trip for King Edward Vl Grammar School IKEGS) In Chelmsford to visit New Hope Children's Centre and Mogonjet School in Kenya. Flfteen students and two teachers accompanied Sue Smlth (CEO) on the ten-day trip. Hand in Hand has facilitated these partnershlps slnce 2008. KEGS has contributed slgnificant fundlng over the years to Mogonjet School, whlch has seen its development wlthln a rural communlty. The trip is self-funded by the students and not rellant on donations. These vlslts also have a slgnlficant Impact on the UK students, The trip ha5 helped me to become more grateful for all of the resources and educatlonal Support that I have I n the UK which has motlvated me to put more focus and concentratlon Into my sludles... 'YR12 Student 'It was an eye opener and I thlnk it was Important for us to learn these stories as it reminded all of us that a lot of the world Is struggling and maybe our problems here in the UK a minor compared to those In areas of severe poverty., Year 12 KEGS student FINANCIAL REVIEW Inc Overall Income thls year wa5 UP to £328,324 (2022123 £240,494). comprising of 140 regular Indivldual glfts, 12 churches, 5 trusts, lundralslng events, Stxjnsorship and matched fundlng through 8arclays Bank organlsed by the New Hope Support Group. The expenditure for the year was up to £319,354 (202212023 £234,943). Overhead costs, not attributed to charltable actlvltles, were £ 1,434, representlng less than IOA of Income1202212023.- £761, 1 V.) As well as speclflc glfts for overheads we also allocated Glft Ald recelved to our overheads whlch once again meant that 100% of project-speclflc glfts from Indlviduals and churches were used for the project intended, with nothlng being deducted for Offi costs. We plan to continue thls practlce whlch we inform donors of, although it Is a growing challenge. es The Trustees, have revlewed their serveS pollcy and set aslde slx months commltments to our project partners and runnlng costs (£150,000 for the current year) in order to cover any unforeseen clrcumstances in a drop in income. We are conscious that our Income level for the last two years has remained the lowest since 2004, and we need to be mindful of commltments to students and project partners that we sUPPOrt. The trustees are reviewing various ways to create sustainabllity for the future of Hand in Hand, The soclal Impact investment of £25,000 made in the 200718 period remains. The trustees recognlse that the charlty's Income should not be the only statistic for measu ring development because the organisation focuses on Identlfylng and supportlng as many people In need as Possible through Its project activityi rather than amassing funds. Durlng the year, we have invested in ndividuals leaving education and golng on to further trainlng. We realise that wlthoLtt thls contlnued Input into the Ilves of chlldren who have been asslsted through our projects, they will not be able to realise their potentlal. We plan to continue with this strategy, which may not produce increased numbers to report on but will add value to the prevlously glven support. A rough estlmate of the number of children/students that have been supported dlrectly or Indirectly during the period to which this report relates is 2,500. Addltlonal Information The Trustees have adopted the provlsions of Accounting and Reporting by Charities: Statement of Recommended practi applicable to charities preparing their accounts in accordance wlth the Flnanclal Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effertive January 1st 20191. Page 2
HAND IN HAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governln cumen Hand in Hand was set up under a Declaration of Trust on February 9th 1998, and remains an unlncorporated association. Trustees The board of trustees bring varied experience. including financial. legal. charity management and project development In East Afrlca, benefltbng the charlty's objectlves. The appolntment of new Trustees Is by invitation and a majority trustee agreement. Significant decisions regarding finance, staff appolntments, govemance and project expendlture are reported oll, discussed and agreed upon at Trustee meetlngs. The trustees delegate day-to-day operatlonal management to the CEO, who regularly meets wlth designated trustees to overview Income, expenditure. charity activities and project development. Some meetings have taken Pla vlrtually. Durlng the year, we have also beneflted from volunteers who have helped wlth malling Newsletters, provided IT and other office support. We appreciate each one for their time. expertlse. and effort expended. I kmana The tru8tees identlfy and revlew risk exposure at thelr meetlngs and take approprlate steps to mlnlmlse such at each meeting. Actlons agreed upon or planned are recorded In the Minutes. A pollcy reglster has been set up to monltor the perlodlc revlew of pollcies. REFERENCE AND ADMINISTRATIVE DETAILS Charlty Name: Hand In Hand Charlty Reg. No. Hl-Hand 1069976. When Reglstered: Declaration of Trust - February gth 1998 Princlpal address Joseph's Barn Woodend Farm Hatfield Road Wltham Essex CM8 IEH Trustees D M Jones A Rose P Davison C Chaplln 8 Dobson (Stepped down as Chairman Ilth March) G Farrant T Rose (appolnted 11.3.24) Page 3
HAND IN HAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 staff Mrs Sue Smith Ms Susan Nurcombe CEOI Manager-part-time Bookkeeper - part-time Independent Examlner Clemence Hoar Cummings Chartered Accountants Rlverslde House I-S Como Street Romford Essex RM7 7DN Bankers Natwest Bank PLC 8 The Vineyards Great 8addow Chelmsford Essex CM2 7QR Co-operatlve Bank PO Box 250 Skelmersdale WN8 6WT Approved by order of the board of trustees on bv.. 09.04.25 and signed on its behalf T Rose - Trustee Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAND IN HAND Independent examlner's report to the trustees of Hand in Hand I report to the charity trustees on my examination of the accounts of Hand in Hand {the Trust) for the year ended 30 June 2024. Responsibllities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance wlth the requirements of the Charities Act 2011 ('the Act,). I report In respect of my examlnation of the Trust's accounts carried out under Section 145 of the Act and In carrying OLJt my examination I have followed all appllcable Dlrectlons glven by the Charlty Commlsslon under Sectlon 145{5){b) of the Act. Independent examiner's statement Slnce your charlty's gross Income exceeded £250,000 your examlner must be a member of a Ilsted body. I can conflrrn that l am quallfied to undertake the examinatlon because l am 3 member of the Institute of Chartered Accountants in England and Wales, whlch Is one of the Ilsted bodles. I have cornpleted my examination. I conflrm that no material matters have come to my attentlon In connectlon with the examlnatlon glvlng me cause to belleve that In any materlal respect: accounting records were not kept In respett of the Trust as reoulred by Sectlon 130 of the Act; or the accounts do not accord with those records: or the accounts do not comply wlth the appllcable requirements concerning the form and content of ccounts set out in the Charities (Accounts and Reports) Regulatlons 2008 other than any requirement that the accounts glve a true and fair vlew whlch Is not a matter considered as part of an Independent examlnatlon. I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whlch attention should be drawn In thls report In order to enable a proper understanding of the accounts io be reached. Davld Belbin Bsc FCA DChA Clemence Hoar Cummings Chartered Accountants Riverslde House 1-5 Como Street Romford Essex RM7 7DN Date: .... Page 5
HAND IN HAND STATEMENT OF FINANCIAL ACTIVITXES FOR THE YEAR ENDED 30 JUNE 2024 2024 Total funds 2023 Total funds Unrestrlcted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Charitable activities 69.989 255,557 325,546 239,656 other trading activitles Other Income 47 47 175 663 Total 255 557 328 324 240 494 EXPENDITURE ON Ralslng funds 1,915 1,915 761 Charitable actlvltles Charitable Artlvitles 105 421 212 018 317 439 234 182 Total 107 336 212 018 319 354 234 943 NET INCOME/(EXPENDITURE} Transfers between funds (34,569) 16 (479 500) 43,539 479 500 8,970 5,551 Net movement In funds (514,069) 523,039 8,970 5,S51 RECONCILIATION OF FUNDS Total funds brought forward 705,482 38.093 743,575 738,024 TOTAL FUNDS CARRIED FORWARD 191 413 561 132 752 545 743 575 The notes form part of these financial statements Page 6
HAND IN HAND BALANCE SHEET 30 JUNE 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Investments 12 9,620 9,620 9,620 CURRENT ASSETS Debtors Investments Cash at bank and In hand 13 14 1,510 25,000 159 284 500,000 501,510 25,000 220 415 501,899 25.000 211490 185,794 561,131 746,925 738,389 CREDITORS Amounts falllng due wlthin one year 15 (4,000) (4,000) (4,434) NET CURRENT ASSETS 181 794 561 131 742 925 733 955 TOTAL ASSETS LESS CURRENT LIABILITIES 191,414 561,131 752,545 743,575 NET ASSETS 191 414 561 131 7S2 545 743 575 FUNDS Unrestrlcted funds Restrlcted funds 16 191,414 561 131 705,482 TOTAL FUNDS 752 545 743 575 The flnancial statements were approved by the Board of Trustees and authorised for issue on ..09.04.25......................... and were slgned on Its behalf by: T Rose - Trustee The notes fomi part of these financial statements Page 7
HAND IN HAND CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2024 2024 2023 Notes Cash flows f rom operating activltie5 Cash generated from operations Net cash provided by operatlng actlvltles Cash flows from investlng activities Sale of intangible fixed assets 663 Net cash provided by Investing actlvlties 663 Change In cash and Cash equivalents in the reporting period Cash and cash equlvalents at the beglnnlng of the reportlng period 8,925 7,551 211 490 203 939 Cash and cash equlvalents at the end of the reportln9 perlod 220 415 211 490 The notes form part of these financial statements Page 8
HAND IN HAND NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2024 RECONCILIATJON OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income for the reporting period {as per the Statement of Financlal Actlvltles) Adjustments for: Depreciation charges Profit on disposal of fixed assets Decrease In debtors (Decrease)lincrease In creditors 8,970 5,551 720 {663) 986 294 (2,731) 389 4et cash provided by operatlons ANALYSIS OF CHANGES IN NET FUNDS At 1.7.23 Cash flow At 30.6.24 Net cash Cash at bank and In hand 211 490 220 415 211 490 220 415 Llquld resources Deposlts Included In cash Current asset investments Total 236 490 245 415 The notes fomi part of these finandal statements Page 9
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 ACCOUNTING POLICIES Basls of preparing the financial statements The finar)cial statements of the charbtyi whlch is a r)ublic beneflt entlty under FRS 102, have been prepared in accord3nce with the Charities SORP (FRS 102) 'Accounting and Reportlng by Charities.. Statement of Recommended Practice applicable to charlties preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019),. Financial Reporting Standard 102 'The Flnanclal Reporting Standard appllcable In the UK and Republic of Ireland. and the Charities Act 2011. The financial statements have been prepared under the historical cost conventlon, with the exception of investments which are induded at market value. Income All income Is recognlsed In the Statement of Flnancial Activities once the charity has entitlement to the funds, It Is probable that the income will be received and the amount can be measured reliably. Expendituré Llabillties are recognlsed as expendlture as soon as there is a legal or constructive obllgatlon cornmltting the charity to that expendlture, It Is probable that a Iransfer of economlc benefits wlll be requlred In settlement and the amount of the obllgation can be measured rellably. Expendlture Is accounted for on an accruals basis and has been classlfled under heading5 that aggregate all cost related to the category. Where costs cannot be directly attrlbuted to partlcular headlngs they have been allocated to actlvltles on a basls conslstent wlth the use of resources. Grants offered subject to condittons whlch have not been met at the year end date are noted as a commltment but not accrued as expenditure. Allocatlon and apportlonment of costs The allocation of direct and support costs have been allocated on the basis of actual staff time. Tanglble flxed assets Depreclatlon Is provided at the followlng annual rates In order to wrlte off each asset over its estlmated useful Ilfe. Flxtures and fittings Computer equipment straight Ilne over 5 years 33% on cost Taxatlon As a charlty, Hand In Hand Is exempt from tax on Income and galns falling withln section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Galns Act 1992 to the extent that these are applled to Its charltable objects. No tax charges have arisen in the Charity. Fund accountlng Unrestricted funds can be used In accordance wlth the charttable objectives at the dlscretion of the trustees. Restritted funds can only be used ft)r particular restrlcted purposes wlthln the objects of the charity. Restrictions arise when specified by the donor or when funds are ralsed for partlcular restrlcted purposes. Designated funds are unrestricted funds'rlng fenced. by the Management Committee for partlcular purposes. Further explanation of the nature and purpose of each fund is included In the notes to the financial statements. Investments Investment assets a recognised in the balance sheet at market value or at the trustees, best estimate of market value to best represent a true and fair view. All changes to the value are reported In the galns and losses on Investment assets sectlon of the Statement of Financial Activltles. Page 10 continued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024 CHARITABLE ACTIVITIES 2024 2023 Donations Glft Bid Legacies Grants Mlsslon trlps 187,769 20,795 165,761 20,290 8,805 20,000 88,566 325 545 239 656 Grants received, Included In the above, a as follows: 2024 2023 Alexls Trust FG Charltable Trust Forest Hlll Charltable Trust Rlmshot Charltable Trust Denlse Coates Foundatlon 300 20,250 1,000 19,000 15,000 1,000 4,000 OTHER TRADING ACTIVITIES 2024 2023 Fundralslng events 47 175 RAISING FUNDS Ralslng donatlons and legacles 2024 2023 Staff costs Fundralsing 481 276 485 761 CHARITABLE ACTIVITIES COSTS Grant fundlng of activities (see note Support costs {see note 7) Direct Costs Totals Charitable Actlvltles 248 822 317 439 Page 11 continued,..
HAND IN HAND NOTES TO THE FINANCIAL sfATEM ENTS - contlnued FOR THE YEAR ENDED 30 JUNE 2024 GRANTS PAYABLE 2024 2023 Charitable Actlvitles 248 822 169 785 The totsl grants pald to institutions during the year was as follows- 2024 2023 Daylove Children's Centre, Keny Hand in Hand Foundation (HIHF) HIHF - Daylove Children's Centre, Kenya HIHF - GFE, Mogonjet School, Kenya HIHF - Namrata Shah Children's Home. Kenya HLHF - New Hope Chlldren's Centre, Kenya HIHF - Thlka Orphans and Grandparents Scheme, Kenya HIHF - High Level Early Childhood Centre (HLECC), Iganga, Uganda New Hope Chlldren's Centre, Kenya Katwe School & Cllnlc, Kampala, Uganda JJCT{U), Uganda Mano & Mano, Ecuador Stand In the Gap 6,800 70,747 I,ioo 7,600 280 64,016 173 900 48,296 5,077 21,433 1,000 100,779 49,175 5,911 13,920 248 822 169 785 SUPPORT COSTS Governance costs Management Totals Charitable Activitie5 Support costs, Included In the above, are as follows; 2024 Charltable Activities 2023 Total actlvllles Wages Rent & utilities Insurance Transport & travel Telephone & stationery Office equip & computer costs Publlclty Legal & bank costs Subscriptions Depreclatlon of tanglble fixed assets Wages Independent examination fee 16.975 8,668 1,170 1,282 886 5,424 2,370 1,066 15,098 8,633 1,006 22,422 1,988 5,345 25 1,702 333 720 2,421 2,844 Page 12 contlnued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 30 JUNE 2024 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023. Trustees. expenses Durlng the year expenses amounting to £179 (2023: £179) were pald on behalf of all 6 of the charlty's trustees STAFF COSTS 2024 2023 Wages and salarles The average monthly number of employees duAng the year was as follows., 2024 2023 Staff employed No employees recelved emoluments In excess of £60.000. The average number of full time equlvalent employees Is l. No employees had emoluments In excess of £60,000. The total remuneratlon for key management personnel is £16,601. 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITZES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Charitable actlvltles 68,388 171,268 239,656 Other tradlng actlvltles Other Income 175 663 175 663 Total 171 268 240 494 EXPENDITURE ON Raislng funds 761 761 Charltable activities CharItae Acllvlties 132 120 102 062 234 182 Total 132 881 102 062 234 943 NET INCOME/(EXPENDITURE) Transfers between funds (63.655) 69,206 65 724) 5,551 Net movement In funds 2,069 3,482 5,551 RECONCILIATION OF FUNDS Total funds brought forward 703.413 34,611 738,024 TOTAL FUNDS CARRIED FORWARD 705 482 743 575 Page 13 continued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 30 JUNE 2024 11. TANGIBLE FIXED ASSETS Fixtures and fittings Computer equipment Totals COST At I luly 2023 and 30 June 2024 988 DEPRECIATION At l July 2023 and 30 June 2024 988 NET BOOK VALUE At 30 June 2024 At 30 June 2023 12. FIXED ASSET INVESTMENTS Unllsted Investments MARKET VALUE At I luly 2023 and 30 June 2024 NET BOOK VALUE At 30 June 2024 At 30 June 2023 There were no investment assets outslde the UK. 13. DEBTORS 2024 2023 Amounts falllng due wlthin one year: Other debtors Prepayments and accrued Income 501 899 Amounts falllng due after more than one year: Other debtors 500 000 500 000 Aggregate amounts 501 510 501 899 14. CURRENT ASSET INVESTMENTS 2024 2023 Investment in Hand in Hand {NRG) Ltd The Investrnent is held outside of the UK. Page 14 continued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 30 JUNE 2024 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accrued expenses 16. MOVEMENT IN FUNDS Net movement In funds Transfers between funds At 30.6.24 At 1.7.23 Unrestrlcted funds General fLtnd Admlnlstration HIHF - Daylove Children's Centre, Kenya New Hope Chlldren's Centre, Kenya Stand in the Gap Reserves 44,660 622 {52,589) 27,121 43,110 (26,830) 35,181 913 (6,800) (2,420) 120 6,800 2,420 200 660 000 320 155 000 505 000) 705,482 (34,568) {479,500) 191,414 Restrlcted funds Centre of Hope, Kenya HIHF - Daylove Chlldren's Project, Keny HIHF - Gra Foundation Intemational Mogonjet School, Kenya Hand In Hand Foundatlon, Kenya HIHF - Namrata Shah, Keny HIHF - New Hope Chlldren's Centre, Kenya New Hope Barclays, Kenya HIHF - Thlka Orphans and Grandparents Scheme, Kenya HIHF - Hlgh Level Early Chlldhood Centrei Iganga, Uganda JJCT{U). Uganda Katwe School and Clinlc,Uganda Mano & Mano, Ecuador Mlsslon Trlps Stand in the Gap Administration Glft Catalogue DCSCP 739 5.746 (6,310) 175 414 1,796 45 (363) (1,648) (40) 51 148 2,797 27,123 {45,112) 48,456 45,836 (48,100) 3,521 27,479 172 (173) 230 555 490 125 1,756 1,097 752 (180) 20,352 (1,302) (875) 4,451 (646) 12,059 2,813 {50) 2,438 1,300 750 (2,500) 605 (11,697) (2,773) soo 000 23,345 3,707 1,056 1,114 40 500 000 479 500 561 131 TOTAL FUNDS 743 575 752 545 Page 15 continued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 30 JUNE 2024 16. MOVEMENT IN FU14DS- continued Net movement in funds, Included In the atx)ve are as follow5; Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund Admlnlstration HIHF - Daylove Chlldren's Centre, Kenya New Hope Children's Centre, Kenya Stand In the Gap 45,526 27.121 {98,115) (52,589) 27,121 {6,800) (2,420) {6,800) (2,420) 120 120 72,767 (107,335) {34,568) Restrlcted funds HIHF - Daylove Children's Project, Kenya HIHF - Grace Foundatlon Internètlonal MogonJet School, Kenya Hand in Hand Foundation, Kenya HIHF- Namrata Shah, Kenya HiHF- New Hope Chlldren's Centre, Kenya New Hope Barclays, Kenya HIHF - Thlka Orphans and Grandparents Scheme, Kenya HIHF - High Level Early Chlldhood Centre, Iganga, Uganda JJCT{U), Uganda Katwe School and Cliniciuganda Mano & Mano, Ecuador M15slon Trlps Stand In the Gap Administration Glft Catalogue 6,846 (I,ioo) S,746 7,237 17,552 240 (7,600) (19,200) (280) {363) {1,648} {40) 18,904 94,332 {64,016) {45,876) (45,112) 48,456 (173) (173) 720 41,785 3,775 125 28,415 20,754 12,059 (900) {21,433) {5,077) {I,000) 123,964) {21,400) {180) 20,352 (1,302) (875) 4,451 (646) 12,059 255 557 212 019) TOTAL FUNDS 328 324 319 354) Page 16 contlnued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 30 JUNE 2024 16. MOVEMENT IN FUNDS- contlnued Comparatives for movement in funds Net movement in funds Transfers between funds At 30.6.23 At 1.7.22 Unrestrlcted funds General fund Contingency Admlnlstration Stand In the Gap Reserves 38,712 10,000 (5,379) 80 42,324 {36,376) { 10,000) 12,100 44,660 {6,099) 120 loo 000) 622 200 660 000 703,413 {63,655) 65,724 705,482 Restricted funds Centre of Hope, Kenya HIHF - Daylove Chlldren's Project, Kenya HIHF - Grace Foundatlon Internètlonal Nogonjet School, Kenya Hand in Hand Foundation. Kenya HIHF - Namrata Shah, Kenya HIHF - New Hope Chlldren's Centre. Kenya New Hope Barclays, Kenya HIHF - Thlka Orphans and Grandparents Scheme, Kenya HIHF - Hlgh Level Early Chlldhood Centre, Iganga, Uganda JJCT{U), Uganda Katwe School and Clinic.Uganda Mano & Mano, Ecuador Mlsslon Trlps Stand In the Gap Administration Glft Catalogue 513 11,776 (11.550) 739 51 124 105 5,863 16,672 240 {5.500) (15,000) (300) 414 1,796 45 500 26,969 14,186 244 (11,889) {90) 2,797 27,123 1,767 { 1,600) 172 410 1,822 i.ioo 125 2.421 102 312 50 820 (4,062) {3,710) I 1,000) 2,795 3,100 230 555 490 125 1,756 1,097 752 3,185 18,995 440 (3,8501 (18,0001 65 7241 TOTAL FUNDS 738 024 743 575 Page 17 contlnued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 JUNE 2024 16. MOVEMENT IN FUNDS- continued Comparative net movement in funds, induded in the above are as follows,. Incomlng resources Resources expended Movement In funds Unrestrlcted funds General fund Admlnlstratlon Stand In the Gap Reserves 44,242 24,864 120 (1,918) (30,963) 42,324 (6,099) 120 loo 000) loo 0001 69,226 (132,881) (63,655) Restricted funds HIHF - Daylove Chlldren's Project, Kenya HIHF - Grace Foundatlon Internatlonal Mogonjet School, Kenya Hand In Hand Foundatlon, Kenya HIHF - Namrata Shah, Kenya HIHF- New Hope Chlldren's Centre, Kenya New Hope Barclays, Kenya HIHF- Thlka Orphans and Grandparents Scheme, Kenya HIHF - Hlgh Level Early Childhood Centre, Iganga, Uganda JJCTIUI, Uganda Katwe School and Clinic,Uganda Mission Trlps Stand In the Gap Admlnlstratlon Gift Catalogue 11.776 11,776 5,712 16,672 240 151 5,863 16,672 240 18,581 45,024 {4,395) {44,7801 14,186 244 1,767 1,767 820 9,858 2,201 24,800 18,995 12.032 820 (4,062) (3,710) 3,185 18,995 440 {13,9201 {5,9111 {21,6151 {11,592) 171 268 102 062) TOTAL FUNDS 240 494 234 943) Page 18 continued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 30 JUNE 2024 16. MOVEMENT IN FUNDS - contlnued A current year 12 months and prior year 12 months comblned posltlon Is a5 follows.. Net movement in fund5 Transfers between funds At 30.6.24 At 1.7.22 Unrestrlcted funds General fund Contingency Administratlon HIHF - Daylove Chlldren's Centre, Kenya New Hope Chlldren's Centre, Kenya stand in the Gap Reserves 38,712 10,000 (5,379) (10.265) 6,734 (10,000) (14,730) 35,181 21,022 913 (6,800) (2.420) 240 6,800 2,420 80 660 000 320 155 000 703,413 {98,223) {413,776) 191,414 Restricted funds Centre of Hope, Kenya HIHF - Daylove Chlldren's Project, Kenya HIHF - Grace Foundatlon Internatlonal Mogonjet School, Kenya Hand In Hand Foundation, Kenya HIHF - Namrata Shah, Kenya HIHF - New Hope Chlldren'5 Centre, Kenya New Hope Barclays, Kenya HIHF - Thika Orphans and Grandparents Scheme, Kenya HIHF - High Level Eady Childhood Centre, Iganga, Uganda JJCT(Ul, Uganda Katwe School and Cllnlc,Uganda Mano & Mano, Ecuador Mlssion Trips Stand In the Gap Adrnlnlstration Glft Catalogue ocscp 513 17,522 (17,860) 175 51 124 105 5,500 15,024 200 (5,500) (15,000) {300) 51 148 soo 26,969 (30,926) 48,700 33,947 (48,190) 3,521 27,479 1,594 { 1,599) 410 1,822 1,100 125 2,421 102 312 50 640 16,290 (5,0 12) (875) 7,636 18,349 12,499 5,603 {1,050) 5,233 4,400 750 (6,350) (17,395) {11,697) (5.613) 500 000 23,345 488 3,707 1,056 1,114 40 500 000 112 744 413 776 561 131 TOTAL FUNDS 738 024 752 545 Page 19 contlnued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 30 JUNE 2024 16. MOVEMENT IN FUNDS - contlnued A current year 12 months and prior year 12 months comblne(I net movement in funds, Included In the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund Admlnistration HIHF - Daylove Chlldren's Centre, Kenya New Hope Children's Cent, Kenya Stand in the Gap Reserves 89,768 51,985 { 100,033) (30,963) { 10,265) 21,022 (6,800) (2,420) (6,800) (2,420) 240 240 141,993 {240,2 16) (98.2231 Restricted funds HIHF - Daylove Children's Project, Kenya HIHF - Grace Foundatlon Internatlonal Mogonjet School, Kenya Hand In Hand Foundatlon, Kenya HIHF- Namrata Shah, Kenya HIHF- New Hope Children's Centre, Kenya New Hope Barclay5, Kenya HIHF - Thlka Orphan5 and Grandparents Scheme. Kenya HIHF - Hlgh Level Early Childhood Centrei Iganga, Uganda JJCT{U), Uganda Katwe School and Cllnlciuganda Mano & Mano. Ecuador Mission Trips stand In the Gap Administration Gift Catalogue 18,622 (I,ioo) 17,522 12,949 34,224 480 (7,449) (19,200) {280) 5,500 15,024 200 37,485 139,356 (68,411) (90,656) {30,926) 48,700 1,767 (173) 1,594 1,540 51,643 5,976 125 53,215 39,749 24,091 {900) (35,353) (10,988) ( 1,000) (45,579) (2 1,400) {11,592) 640 16,290 (5,012) 1875> 7,636 18,349 12,499 426 825 314 081> 112 744 TOTAL FUNDS 568 818 554 2971 General Fund Unrestricted glfts whlch are used at the discretion of the trustee5 to support any projects where there Is a short-fall In the specified giving in order to meet the projects, needs as well as the cost of sUPPOrting students Into trainlng. It can also be used for emergency and un-budgeted needs including overheads if required. Contingency Fund Hand In Hand retains a contingency fund to cover the charlty for estimated costs should the charity have to close for any reason. Admlnlstrdtion Our Admlnlstratlon fund covers all overheads Includlng salarles, office rent and communications, heatlng, lighting, office supplies and fundraislng costs. Page 20
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024 16. MOVEMENT IN FUNDS - contlnued Reserves The charity retalns a Reserve of at least £lO.000 which Is considered sufficlent to cover for immediate overhead costs for 3 months. Currently a further £150,000 is sitting within the reserve fund as the charity consider the future needs of the charity and what can be achieved in terrns of sustainabllity bearlng In mlnd the challenging donor climate. We are consclous that our income level for the last two years ha5 remained the lowest since 2004 and we need to be mlndful of commitments to students and project partners that we support. Embu Investment Fund Thls fund has been set up to empower families through a tenant PLJrchase scheme enabling them to own their own homes. Dagoretti Corner Street Children Project Deslgnated Fund A £500,000 loan has been designated to the Dagoretti Corner Street Children Project In order to facllltate the buildirig of apartments which will create a sustalnable income for the project and achieve falr paid employment throughout the build as well as creatlng apprentlceshlps. Afrlca Where HIHF precedes the project name this Indlcates that fundlng goes through The Hand in Hand Foundation before going on to specific proJett. The Hand In Hand Foundation Is able to provlde monltorlng and evaluation to a greater level. Kenya Hand In Hand Foundatlon {HIHF) - Funds recelved Into thls account are used to contrlbute to the runnlng costs of the Kenyan Offlce whlch supports our partners and students In tralnlng and mentorshlp, Funds received for this are from a spedflc donor who has supported thls cost for the last 10 years. HIHF - Daylove Children's Project Daylove Project has SUPPOrted 100 chlldren from poor famllles Ilving in the Impoverished Dagorettl area of Nairobi, Kenya through pre-prlmary, prlmary and hlgh school educatlon. HJHF - Grace Foundatlon Internatlonal - Mogonjet School Grace Foundatlon Internatlonal. is our partner project in Kericho through which Hand in Hand 5UPPOrt Mogonjet School. Mogonjet School provides pre-primary, prlmary and secondary education, It also has a cllnlc and talloring shop on slte whlch serve the communlty. As we51 as provldin9 funding Hand In Hand facllitate the relatlonshlp of a Klng Edward Vl Grammar School (KEGSJ In Chelmsford wlth Mogonjet School. HIHF - New Hope Chlldren's Centre New Hope is a children's centre providlng accommodatlon, welfare and educatlon for over 120 orphaned or abandoned chlldren in Uplands, about 30 mlles north of Nairobi. New Hope also supports some 60 children from the surrounding community who are also In need of education fees and welfare support. Since 2019 they have establlshed Oakrldge Prlmary School whlch meets the needs of the primary aged children. At the beginning of 2023 they also started a secondary section of the school whlch caters for two year group5 Wlth the ambltion to Increase thls over the next two years so that it is a fully functiow)ing school. Barclays New Hope This fund also supports New Hope Children's Centre but all of the funds are raised by a supporter group (New Hope Support Group) historically connected to Barclays in the North of England. During the year, this group also managed to attract funding from a trust to facllltate the bullding of a sciencelcompuler lab. This was transferred to HIHF for the distrwrsement and monltoring during the building of the laboratory. HIHF - Thika Orphans and Grandparents Scheme Thika Orphans and Grandparents Scheme where. in partnership with the Anglican DI0Se of Thika In Kenya, elderly grandparents are helped towards self-sufflciency so that they can contlnue to care for thelr orphaned grandchildren and prevent them being split up and placed into orphanages. Page 21 continued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024 This Fund has now been transferred to the support of students in training including students from this area, as agreed wlth regular donors. HIHF - Namrata Shah Children's Home (Murata CBO) During the last year this project now comes under the name of Mvrata CBO. The orphaned prlmary school aged children are accommodated during term time at Namrata Shah whilst they study at the nelghbourlng St Peter's Primary School (a150 owned by the Thlka Dlocesel. Durlng breaks they are cared for by extended famlly. HIHF - Centre of Hope, NTI The Nakuru Christian professlonals Assoclatlon (NCPAI Is a group of Kenyan professionals that look lo meet some of the lleeds of the poorest in thelr CDmmunlty. Their main project Is the Centre of Hope which is a vocatlonal training centre that delivers accredited courses. This centre Is also known as Nakunj Tralnlng Institute, NTI. HIHF - Medlcal Preventlon Fund Thls fund was set up to enable fijnds to be allocated for the use of medlcal needs for the chlldren supported through our projects in East Africa wlth a partlcular emphasls on screenlng and preventatlve measures. Stand In the Gap This fund can be used to support educatlonal or tralnlng needs across all our projects including mentorshlp costs. Other Various smaller project partners In Kenya. Uganda Katwe School and Cllnlc Nysamba Full Gospel Church of Kampala Is working In the Katwe slum area of Kampala, Uganda to bring support to vulnerable chlldren through educatlon for 300. A cllnlc and dentlstry also operates on slte provldlng health care for the children and the wider communlty. JJCT(U) - Jehovah Jireh Communlty Transformatlon Formerly Nshuml Schools. Thls project is provldlng a prlmary school and a secondarylvocatlonal school In Nshuml to meet the educatlonal needs of rural children in Ihls part of Western Uganda. Slnce 20 19 they have also operated a college called JJ Excel provldlng various vocatlonal courses, HIHF - Hlgh Level Early Childhood Centre, Iganga Support of thls project was phased out during 2019, remalning with only support of secondary school fees for 4 orphaned children from the prlmary school. Other Various smaller project partners in Uganda. South Amerlca Ecuador Mano & Mano An after-school project In El Mngo, Ecuador, supportlng chlldren from low-lncome famllles through education and Christian teaching. The project also provides services for their families as well. This project now manages its support and. Hand in Hand, f0ry4ard any funds they are still receiving for Page 22 continued...
HAND IN HAND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 IUNE 2024 16. MOVEMENT IN FUNDS- continued Misslon Trlps Our trips fund Inclijdes all income from supporters who are maklng visits individually or as a team to our overseas project5 and includes such items as airfares, travel, accommodation, travel insurance and a contributlon tOW3rds the administratlon of trips. 17. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 30th June 2024. Page 23 contlnued...
HAND IN HAND DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 2024 2023 INCOME AND ENDOWMENTS Charitable actlvltles Donations Glft aid Legacles Grants Mlsslon trips 187,770 20,795 165,761 20,290 8,805 20,000 88,566 325,546 239,656 other tradlng actlvltles Fundraising events 47 175 Other Income Other Income 663 Total Incomlng resources 328,324 240,494 EXPENDITURE Ralslng donatlons and legacles Wages Fundraisin9 481 276 485 1,915 761 Charltabld actlvltles Transport &Travel Grants to institutions 23,410 248 822 169 785 272,232 169,785 Support costs Management Wages Rent & utilities Insurance Transport & travel Telephone & stationery Offlce equlp & computer costs Publlclty Legal & bank costs Subscriptions 16,975 8,668 1,170 1,282 886 5,424 2.370 1,066 15,098 8,633 1,006 22,422 1,988 5,345 25 1.702 333 37,841 56.552 Flnance Computer equipment 720 Governance costs Wages Carried forward 2,844 2,844 2,421 2,421 Thls page does not form part of the statutory financial statements Page 24
HAND IN HAND DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 2024 2023 Govevnance costs Brought forward Independent examination fee 2,844 2,421 Total resources expended 319 354 234 943 Net Income Thls page does not fomi part of the statutory financial statements Page 25