2022-03-31-accounts

Charity No.. 1113868 Hand In Hand Intemational Report and Financial Statements For the year ended 31 March 2022

status The organisation is a charity regist8red by trust deed in England on 18th Febnjary 2006. Charlty Number 1113868 Registsred office and operational address 51h Fkjor, Caparo House, 101- 103 Baker Street London W1U 6LN Trustees Bruce Grant {Chalnnan) John Barrett Madhvi Chanrai Carsten Jorgenson Lars Josetsson Paola Uggla stsphanie Whthier Senlor offlcer8 Dorothe8 Amdt- Chl8f Executlve Nick Aveling - Head of Communlcatlons (left October 2021 } Jen Glyn- H88d of Cofflmunlcatlons and Marketlng Bob Cooke- Chief Finance Offiw (retir8d November 2021) Stephaniè Nichol8on- Head of Finance and Compllance Amalia JohnSS￿- Dlreciar of Pr(Jgratr#nos Joe Dyson - Head of Phllanthropy Auditor8 BuZZa￿tt LLP Chartered Accountant8 Registered Auditors 130 Wood Str80t London EC2V 60L

Hand in Hand Intemational Contents of the financial statements the year ended 31 March 2022 Legal and admln15tratlve d8ts113 Objéctives and act1￿1196 4-7 Achlevements and Perfomiance Plans for future perfod$ 10 Report of the Tru8te88' 11-16 Rewrt of the Independent Audltor8 17-20 statement of Flnanci81 ActlvltS98 21 Balance Sheet 22 Cash Flow Statemant 23 Notes to the Flnanclal Statements 24-38

OBJEcnvES AND ACTIVITIES Vbsion Our vision is a world where every woman has the power and the means to raise horyJeW and her famlly out of poverty. Mi88ion Our mlsslon Is to chang9 Ilv88 by empowerlng women to beat the odds and succeed as entrepreneurs. Women face barriers that men don't. Rlght now, in communltles across the developing world. roughly 400 million women and gids IIv8 below the poverty line of US $1.90 8 day, trapped by rBslrlcllv8 noms and attlludes that keep them from earning their own incom8s, controlling their own assets and making decisions for thamselves. Inequallty betwegn mon and women Isn't dlstlnct from poverty, in other words - it causes poverty. And for a8 long as barrier8 to women's empowernenl a￿ allowed to exigt, people will go to bed hungry. If a lack of women's &conomSc empowerment Is the problem, womgn's entreprenèurshlp18 th8 solution. Empowering women entrepreneurs is a process - centred on business. vocational and Ilfe skllls tralnlng - that helps worn8n lake control of thelr finances and speak up and be heard In the homa. Ultimately it's not lust abcAJI money but power, and making sure women have more of both - to s8lz8 thelr own destlnlgs. make thernsèlves hé8rd and ralse the néxt generation out of poverty. At the very least. our programmes seek to recognlse women's unlque challenges. Someilmes that's as simple as sGheduling training so it doesn't clash wilh childcare to creale a double- burden. Other tim8S, It means providing leadershlp skllls trainirYJ to help women speak up, OV8rcome challenges and claim tha right to make decislons. But rf addressirvJ the b8rri8rs that limit women is good. there's one thing we like evèn bèttér: breaking them. And to do thal, we have to work Y￿th men. Across our n8￿rk, nine out of 10 Hand in Hand members are women. The re8t are their husbands. brothers and sons. Increaslngty. we're working wlh men to change their ideas about women's contdbutions to the

mmunty and ￿noMY, and their own contributions at homg. Because ￿en th8 playing r￿Id is evened. women can flourlsh. And when women flourish, whol8 families. communities and economies win. Strategies for achieving aims We work In four key stages. Flr8t. y￿ create Seif-Help Groups vthere women 8UPPOrt each other, sava together and learn t￿ether. Next, we provide business and skills training that helps make the most of their potential. Third, wa maka surè they can gèt small loans and the tools thoy need to get started. Last. we h&lp scale up their busin6sse8, reaching bigg8r marf(et8 and Stronger supply chaln8. IILF-¥II¥•IOUPSWP4#01UH•IM IWDIVIDUAL 11 JTrotIQADM•PITAIUIIICIO-IUSIMIIIIS K¥AXIALLV1110G•AIIILII How we measura 8ucce88 Although empowering women entrepreneurs is amiays our primary aim, Hand in Hand's programffles vary widely, from those focused exclusively on enterprlses and lobs to thos8 that 81$0 address Issues Including cllmale change. displac9menl and more. So It's no surprf5e wg employ a wide range of metrics to measure our success. At the most basic level, we rneasure outputs includlng the number of micro-businesses our members create, the number of people Ihose businesses employ and the number of family m8mb8rs each income supports. Work is also orMJoing to roll out a set of four universal indicators - in lin8 with th8 UN Sustalnable Development Goals - that wlll allow us to measure arKI compwe outcomes both within and acros5 our projects. and benchmark against our pa8rs.

Increase in Income 30% lrfreaso in monthly not enterprise Income Enteiprlse survlval rate 80% of enterprlses still runnlng ller a year Y4e boiieve rnogey 15 empowerrrianl the key Inai unlocKfJ a life ot QPDQrtunily an4 ?@11. clÈrfflifialion that Wuffidn s basir numon IigDt to rur) Ifi+lf rnirro-ofiterprise5. Hang In Har,d n￿$50[11Y r4J19gUYtwnaoilily at thè oip or cui i'iork Whai ?i.od Ir a I valifined rhal aO@sn t stdfi(I the te5101 time? 11 monvy Is Ip.e key ar(J 1005 aren'r loitbcomin(J how rai. earn Jn Incom@) Tbe aiiswer Is ÈnlrÈDien¢urship, and lor H,'Ir,d ID momr]Jr4 ai rho Jc-caiiea ooiiom ot Ihe Dyfdmid. even a rnodest trJUSino j) be11Fe-chènging That's why iai(Jei an avoraoe increase In mL)rtlhiy lèi èntèrciige Inciimè ai1o4s¢ 10 pèiceni aLrorJ<J our o,'oiocls Npli￿Or￿. In otsr MOS¢ rA~ont ro19y&?I wll, 80 Qofcent of rrprnbprfi Id lvii m.ciu-enreroriws werg still orèialional ard poiserj tor 12Towlh . Iwelliie monihs Jftèi the ol Ihf Dfooiiimme Looxino tLr'N3rd. wè'll ccniinug 10 hjfow auf ÈVI(JÉrre ￿se Dy SPè,)kiniJ lo ai longer 3rd Irynfjqr InipivJlS art oiir rytsora•mÈ¥ cenciude Able to wlthstand flnanclal shocks 95% 01 memb•r5 have savlngs to See them Ihrosjgh a ralny day 11 doo%n't lake a ciisis on the 5(019 01 roToDèvirus tJ knock ram11￿$ In Ihe dév¥lopin? wcrld oll co¢Jrs In Ih c0mrrun￿1b wherp H,)nd ifi H¥3iid woik5. a bad triarve5t cw unexperlpd medical ￿.51 can soiral Inrrj a Iilèli￿e ol debl Thèt s why wo targ4t I¢VQlS DI Indwidual savinfjs Ihat enable our mernbeFS lo cleHI Wlth a lir￿￿la1 shock Wlihout ￿r.,ow1nQ rDoney Of spllitya assets In K@nya. Foi oxampk. 9S pkrcrrtp.I ot our rnember5 had savings to Iielo thern cope when Ihe country locked down durino cofona¥irus Women's declsjon-maklng at home 80% ol women members have mor• freedom and Influence at home Emo¢Jwerino wornen to rnake decieion5 abi:ut WMI they own. wherp they go and how IP,y rnanagè tTh*ir h@alth Is è worthy +nJ all on Its cwin Bu. woFngn ai• @mpcworod to makè tfr.yii owi) dkYlSlOnS. whoio iamilies ar.d communitios win Supoorting byomen ÈnlreoTeneurs to oarn own Iicgme - and to dticirle how Ihoy $￿Trd It- means mofe children In school and more families with access io heallhi-are. TN3t's why we tarool rai05 of woTn¢ry's b.ousobold docision-n)aking in line wilb Dr surfyassing nat￿)nal avoraoes sn A',ohanislan. 99 ￿[(ent ot our rr.embers Sa￿ had more In￿UenCe aP horne

These metrics are.. Incomè.. Increase in members, bus￿85$ profiL Sustsinats'lity.. Members, enterprise suThival rate one year on. Resillence.. Proportion of members vlllh thè capaclty to dèal vAth a financial shock. without borrowlng money. or selling assets. Women's baryaining power. proportion of woman members wlv) participats in household dedslon-making Signrficant activities Hand in HaTrJ Inlernatlonal's slgnlficant activltles a5 dlsplayed on th8 Statement of Flnanclal Activibes are fundraisin9 and supporting people in Afghanistan. India, Kenya and Tanzania. In order lo contlnug thls work, Hand In Hand Intematlonal concentrates on ar8as that support our long8r48mi job cr88tion targets, Raising fund3 Demonstrattng rnsults Sharlng knovlgdge Bulldlng capaclty Communlcatlng effectively These flv8 areas complemnt èach other. Results and knowledge gained from programme implementation and 8valualion are critical for 8ff8ctive fundoising and supwling new and Current partners. Capaclty bulldlng Is crftlcal for effedv8 programm8 management, d8llv8ry and expansion, as well as for fin8ncA81 control and safeguarding. And effective communic81ion Is Important for fundralslng. attractlng new partnèrs and advocatlng for affectlve Job ￿ea￿On policies. Our focus. of course, Is on fundralsing. But In order to make our fundralslng more effectlve, we also work in olher areas to fund and support our partners.. programme evaluation, impact assessment and analysls that valldate results and help us leam: dlssemlnatlng results, lessons learned and other forms of knowledge; capacity building., and pr8paring mr8 effectivè communlcatlon and marketlng material8.

ACHIEVEMENTS AND PERFORMANCE Nefvdork-wde. Hand in Hand created and enhan￿d 454,192 Jobs In 2021122. Here in the UK, at Hand in Hand Intemational, we set ourselves th8 following goals in last yearfs Trustees. Report: Fundraising Rais8 US $16.3M ol which $9. 1M ￿11 be banked in 2021r22 and US $7.2M in Subsequent years This year, we ralsed US $17.2M, of ￿leh US $8.7M was Secured arKI banked in 2021122 arKI US $8.5M will be banked In subsequent years. This includes a legacy pl8dg8 for Tanzania. Secure at188st US $1M for 2021r22 In Afghanlstan We raised and bankèd $862K In new funding for Afghanlstan In 2021122. In additlon, we supportèd Hand in Hand Sweden to secure a lar9e multi-year grant for Afghanistan. Through our combined efforts in the UK and Swedén and their dirèct fundralslng In Afghanistan. Hand in H8nd Afghanist8n ha8 doubled its income for the calendar year 2022 compared to th8 pr8vious year. Ralse US $1.5M (£1,24M) in unr8Strlcted fvndlng and funding for UK-b8S8d progrnmm8 support We secured unrestrlcted Income of US $878K, w6th the majority ol thls ralsed through events. In addltlon, US $1 M wa8 ralsed as Income for strategic and finan¢ial programma suppcrt from the UK, equivalent to 13.3% of restricted income (2021.. 11.4%). By ensuring enO￿h funding Is brought in to covèr UK exp9ndilure in-year, Hand in Hand Inlemational can ensuro 115 financlal 8UStalnablllly. Slart raising funds for one addltlonal county offjce In FY22123 we wlll bagin our work to id8ntify and then select a country for expansion. Programmes Publishing what we hav818amed on Women s EconomlG Empowerm8nt Worklng wth the Iniemational Centre for R85earch on Women {ICRW) and Cartler Philanthropy. we ara h8lplng to d8v8lop a toolkit for best practice in Women's Economlc Empowerment, as well as trialling a new programme component that aims lo iaGkle restriclbve gender nomis by erYJaging with men.

Incorpornle thrn8 Women's Economlc Empowenn8nt bestptscti¢es Into new programm8S After mapping out intemal best practices and learNngs from previous and current pr(4ects, we fin81ised eight practices we wll be rolling out in the strategic period 2021-26. This year we integrated thrèè of these pradices into all programmes: 1) disaggregated gender data for all Indicators. 21 measuring women's decision making power consistenty across all new projects,, and 3) making sure all proposals are g8nder-sensitive at a minimum (ideally gender- transfomiatlve) using a ched(li8t we developed. Employgrof choice.'Adas 8n employerof choke 8nd gstablish ourreptrtation ￿thIn the sector to rataln and 8ttr8Ct top talent This y8ar we introduced a hybrkl working model. including options for flexible working such as ndensed hours) and successfully recruit8d new staff mmbers in FY21122. Hand In Hand's annual le8v8 policy was benchmarked In Ilne wlth UK charlty sector employer8 in March 2022 and the policy was updalad to offer enhanced annual leave from 01 April 2022. As part of our commitmant to Improvlng d￿ver$ItY wthln the organisation wè ran diversity tralnlng for the team In March 2022, and wlll be targe￿n9 groups who ar8 hlstorfcally underrepresented wlthin the chadly sector in our recruitment for both paid and voluntary roles.

PLANS FOR FUTURE PERIODS Hand in Hand Intémational's prtO￿tieS for the coming financial year, set durfng our annual 8trategic review, are: Fundraislng R8isg $1& IM in year, for thls 8nd fvlur8 yea To achieve our goal of reaching 7m women across five countries by 2028 through our global network we alm to raise $15.1M. St8rt ralslng funds for8 fflh county Our rnisslon to change Ilves by empowerfng wornen to beat the odds 8rKI succeed 88 gntrepreneurs 18 a global mission. To that end, we will idgntify a fifth country to d8livèr our lif8 changing programmes- a8 well as dete￿InIng the best way to expand. elther organlcally or vla a partner5hlp. Programmes Increase bargalnlng power for wom8n Our aim is not just for women to earn their own incomes but to control how they spend it. and clalm tha rlght to make themselves heard both 8t home and wSthln their communilles. Thls year we wlll secure funding for one flagship project to roll out best practice in Women's E¢onomi¢ Empowemient. Achleve extemal r8cognitlon lor the r8sults 8chleved In our 8cceler8tlon programmes We glve women er)trepreneurs the tools and support they need to expand their businesses, reach larger markets, and creat8 Job8 wlthln Ihelr communltles. We alm io help 30% of our entrepreneurs launch micro8nlerpris8s earning well al)ove the intemalional povety line, with accelerator schemes to comprise 20% of our programme portfollo. We wlll share our r8suMs and leamings with the geGlor, gnabling other organisations to help small businesses owners tran8fom local economles, Improvlng Ilvellhoods 7Aa a multlpller effect. Achleve 8xt8mal recognit￿n for planet-frlendly agriculture Hand In Hand 18 bullding a new, scalable mod81 for planet-posltlve agrI￿ltUre wlth and for farming entr8pren8ur8. These agricultur81 lechnique8 can restore soil degraded by intensN8 laming, trap harmful carbon emlsslons and boost famers, incomé. As part of this work we wlll share what Y￿ have learned about regenerative agricajtture and the drcular economy wlth the wlder development sector - helping the world's poorasl fam18rs to fight back againsl climate change. Best In class data Hand In Hand's data driven approach enables us io constsntly monitor and Improva on the effectiveness of our programmes. We will create a digilal data d88hboard to prowde fast, accurate Insights for all major Kenya proj8Cts and 'Maglc 4. outcome targets (members reached, jobs cr8aied, incom8 raised, women's decision making power) in evgry ono of our East African programrnes. A s8ctor.b88tlng te8m io

Acling as an Employer of choice - w8 VAII seek to achieve a r8comm8nder score of 80%. measured via our annual staff survey. Recognlslng that dlverslty drlves excellence and Innovatlon w8 aim to become an inclusive and diverse employer - 33DA of naw staff and volunteers lo be recrulted from groups that are hlstorlcally underreprèsented in Ihe charity sèctor. STRUCTURE AND GOVERNANCE The Trustees present thelr r8port and the aud￿ed financlal stat8m8nts for the year ended 31 March 2022. Th8 financial stat8m8nts have bgen prepar9d in accordance wtth the accounting polices set out therein and comply with the charity'5 goveming docurnent, applic8ble laws and Accounting and Reporting by Charilieg.. Slatemenl of Recommended Practice, applicable to charities preparlng their accounts in accordance with tha Financial Reporting Standard appllcabl8 In the United Kingdom and the Republic of Ireland (FRS102). Govemlng Oocumont The charity wa8 f•glstered by trust deed on 18 February 2006 and registergd as a charity on that dat8. R•crultm•nt and Appolntment of Truste•• As set out in the Trusl Deed, the Board of Trust8es nominates the Chair of the Trustees. The Board has powers to appoint additional Tru8t888 as it con8id8rs in-line with skills required. Inductlon and Tralnlng of New Truataoa New Trustees are consldered on the bas18 of any gap8 In the sk1118 of the board. They are invited to m88t the 8XlSting Trustees and senior members of stsff and familiarise Ihemselves wilh th8 work of Hand in Hand Intemational. Further tr8inin9 is provided on an on-going basis in line with the identified needs of Truste88. Trustees sign a conflict of interest dec18ration each year. Trustees receive safeguarding training and Sign the safeguarding code of conduct. Public Banofft statement The Trustees confirn Ihey h8ve complie(I with Section 17 of the Charrti88 Act 2011 to h8Vè due regard to the Charfty Commlsslon's general guidanc8 on public benefit, 'Charrties and Public Benef￿. 8erlou8 Incld•nt8 There was one serious incident reported lo the Charity Commission In FY21122. This was not investigated further and was closed by the Charity Commission. Rlsk Managofflont The Trustees have a duty to identify and revi8w th8 risks to vthich the charity is exposed and to ensure appropriate contrds are In place to prO￿d8 r8asonabl6 assurance agalnst fraud and error. The Trustees have assessed the major risks to which the charity is expr)sed, In li

particular thi)sg r91atiro to Operational areas of the charity, it$ ￿veStMents and finences. A written rlsk register is in place and revievAd 8t 8v8ry Board m88ting. This lists the key rfsks the Charity faces and puts in place mitigatSng controls. The Trustees believe that by monitoring reserve levels. by ensuring controls exlst over kèy financial systems and by examining the operational and business risks faced by the charity. they have established 8ff8Ctivo systams to mltigats those dsks. The Trustees are continuing to monitor the funding risk related to the expect8d econornic slow- down relating to th6 COVID-19 pandemic, the war in Ukraine and the ¢ost of living uisis. As a miligalion, the charity will continue to manage core costs tlghlly, wtth quarterty budget revsews. and adjustments If requlred. The organlsation has also begun investing reserves Ir) fundraislng capaclty and wll continue to do so in the new financlal year. Slnce the change in regimé in Afghanistan In the summer of 2021. Hand in Hand Internatlonal's network partner Hand in Hand Afghanlstan has been glven pemlsslon to continue op8rations to doliver projects and support vulnorable communlti8s. As a mitigatson measure to the ongoing ri8ks. the trustè88 and manag6m8nt team 8r8 monlloring the silu8tb?n closely and kggplng in r8gular contact with the Chalr and management team of Hand in Hand Afghanistan. Funders to prtyrammes in Afghanlstan are regulady informed of any changes. delays or r16ks. Hand In Hand Afghanistan has secur8d funds dlrectly through UN OCHA and through Hand In Hand Sweden. rnduclng Its rellance on Hand in Hand Internatlonal and unrostdct8d funds. Inwslffl•nt Pollcy Hand in Hand Int9m81ional r8C8iv88 Income for ongoing prolects over a three lo five y8Br tim8 horizon and budgets to expend 811 anticipated income, except for retaining 8 prudent amount In reserves. It h88 no pemanent endowmenl and provldes for capit81 expendlture wlthln budget. Consequent￿, the Trustees do not consider it prudent lo inve81 income for the longer term. Ils policy is to retain funds as cash arKI pl8c8 Iham on bank d8po8it at the best rateg available. R•mun•rntlon ol Staff Thè gov8ming principles of the Charty's remuneration policy a￿ 88 follow8: To ensure delivery of th8 Charlty's oblectlves To attract and r8taSn a motivated workforce with the skllls and 8xpert188 nec88sary for organisational 8ffectlveness That remuneration should be equiiable and coherent across the orgenigation To take account of the purposes, aims and values of the Charity To ensure that pay levels arKJ pay Increases are approprfate In tha ¢ontexts of th8 Int8r88t of our beneficiaries. Salades for exlsting and new roles are bgnchmarkad agalnst Sector salary reports to ensure that they are within acceptsble ranges ft)r the not-for-profit sector. 12

Sonlor Exocutlvo Romuneratlon In relation to deciding remuneration of the charity's senior exocJJtives, the charity considers the potential impact of remuneration levels and structures of senior executivés on the wider Charity workforce and wlll take account of the following additional winciples- To ensure that the charity can access the types of skills. experiences an¢J competencies that it needs in ils senior staff. the specific scope of these roles In the Charity and th8 Ilnk to pay. The nature of the wd8r 8mploym8nt clfer rnade to $8nior èmployment where pay is part of a packag8 that Includes ￿rsonal d8V8lopm8nl. personal fulfilment and association with the publlc benéfit delivered. The Charlty recognise5 that it Is. on occaslon, possible to attract senior oxocutives at a dlscount to publlc sector or private sector market rat8S. In line with the recommendation8 of the NCVO Inquiry into Ex8CUtiV8 R8mun8ration published in April 2014. the charity has decided to disclo88 the remun8f8tion of the Kay Management Personnel. Th18 Ss dlsclosed In note 5 of the accounts. Golng ConrArn Thè trust88s have assessed the use of going Concern and have considered possitqe events or condltlons that might cast swJnrficant doubt on the ablllty of the charity to conllnue as a golng ncem. The trustees have made this 888essment for a period of at least one year from the dat8 of tha approval of these fin8nci81 statements. In particular. th8 trustees have con8id8red th8 oTrJoing effect of economlc slowdown and the crlsls In Ukralne. As Hand In Hand Intematlonal does not rely heavily on Indlvldual givlng the rfsk Is not considered to be high. The char(ty'8 naw slrat8gic plan to 2026 was launched in the ygar. The new slrateglc plan includes ambitlOU8 goals to incre88b tho charity's income and impact. Thg cash flow to 31 March 2024 Indicates that the charlty ￿11 conlnue to be able to meet Ils flnanci81 cornmltrnents through the year and for a perfod of at least one year from the dale of approval of these financial statements REFERENCE AND ADMINISTRATNE Tru•tO08 Th8 Trusl88s In offic8 durlng th8 yèar w8r8'. Mr. Bruce Grant Mr. John Barrett Dr. Madhvi Chanral Mr. Carsten Jorgensen Mr. Lars G Josefsson Mrs. Paola Uggla Ms. Stephanie Whlttler 13

FINANCIAL REVIEW Total income for the year ￿as £6.626,774. This was a decroase of £95.564 {b8ing 1%) on the prèvious year. A significant one￿ff donation was recelved In the prevlous year contrlbuting to thi5 decreaso. The proportlon of unreStr￿ed Income received in the year remained largely consistent, Sncreasing slighuy frorn 9% to 12trA. Unre3tr￿t9d expenditure ha8 decreased by £405,806 (being 41%) due to there being an exchange gain this year or £130.169 vthere there wa5 a105s of £356,285 In the prior year. Net income ha8 remalned p05Ftlve thls year h￿th a surplus of £968,281 (2021: £1,058.336). There is a surplus In both r8strlcted and unrastrlcted funds fesulllng in an increase in both funds going into the next flnanclal year. The restrlcted and unrestrlctad fund balances for the year ended 31 March 2021 have been restated to bettsr represent the income, and associated expenditure. rècbiv8d as part of donor funding which is included under strategic and financial programme support in programme budgets. Where previously thi$ had been indud8d in unre8trict8d funds, il has b88n restal8d thln the relevant restricted fund. Thls has resultéd In higher r8Strfct8d fund balanc8s. Th8 reslrfcted fund balance as at 31 March 2021 has been restated as £3,731,433. bthefe previously St wa8 £3,458,414. This Is an increase of £273.019. The unrestricted fund balance as at 31 March 2021 has been reststed as £429,705, where previously il was £702.724. For moro detail about tha movement in funds and the restatement see Note 14 to th9 a￿ount$. Re•erveA Pollcy Total funds at 31 March 2022 are £6.558,405 {2021'. £5,588,124). Thlg18 an overall Incr8888 of £968,281 on the prior year. Unre8lrlcted free reserves are £780,774 0131 March 2022 (restated total for 2021.. £398,917). The reserves policy is lo hold 6 months, expenditure whKh Is equal to £668,500. Unrestricted free reserves are èqual to approximately 7 months, of core oxpgnditure and Iherefore the tsquirèd balanc8 is held al the year end. The surplus will be spent on UK expenditure in FY22123. The deslgnated fund has reduced slightly to £1,204,518 (2021.. £1,426,986). The d8cr8as818 due lo repayments on the EIF loan recelved In the y8ar Nthlch has reduced the loan debtor balance whith makes up part ol the designated fund. The rernaining part ol the designated lund. which r8lal8s to covering the cost of increasing the team's headcount as part of tha strategic p18n lo 2026. has remained unchanged. The movements in restrfcted, unrestricted and deslgnated fundslg shown in Note 14 to the accounts. 14

Fundralslng Hand in Hand does not 8mploy third paty fundraisers and do88 notfundrais8 Vdith the g9neral public. We follow the Charity Commlsslon's and the InstitLrte of Fundralslng's guidancè on best practice in fundraising. During th8 y8ar there were no complaints about fundraising. Trustees. Responslbllltle8 In relatlon to the Flnanclal Statement• The trustees are responsible for preparing the Trust88s' Report and th8 financlal stat8m8nts In accordance wlth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practlce). Char5ty law requlres trustees to prepare financial statements for each flnanclal year whlch g a true and falr view of the state of the affairs of the charity and of its income and expendlture for that perfod. In preparing these financial slalements, the trustees are requlred to: Select sultablg accountlng polSclg8 and then apply them conslstenly., observe the methods and principles of the Charlti09 SORP; make judgements and estimates that are rgas¢Jnable and prudent; stste whether applicable accounting stsndards, including FRS 102, have been followed, subject to any material departures disclosed and 8xplained In ihe financAal statements; state whether a Statement of Recommended Practice ISORP) appli88 and has been followed, subject lo any matsrlal departur88 whlch are explaln8d In the flnancSal statements; prepare the financial statements on the going concern ba818 unl888 It 18 Inapproprlate to pr8sume that th8 charity contlnu8 In busSn8S5. The Iru81888 are r88pon8lbl8 for keeplrYJ proper accountlng reoyd$ that dl8c108e ¥￿th reasonable accuracy at any tsme the financial posStion of the charfty and onable them to ensure that the financial statements comply with the Charities Act 2011. They are 8180 responsible for saf8guarding the assets of th9 charlty and hence fLY taklng reasonable steps for the prevention and detection of fraud and other irregulant18$. The trusté8s are responslble for the maintenance and Integrty of the corporats and finandal information included on the charitable companys website. Logislation In the Unlted Klngdom gov8rnlng th8 preparation and dlssemlnation of financlal 3tatements may drff8r from1ogls1a￿on In olherjurisdictlons. Is

In so far as the trustees are aware: • There is no relevant audit infomiation of the thariiab19 compan￿6 auditors are unaware; and • Th8 trustees have taken 811 steps thal they ought to have taken to make themselves aw8re of any rélevant audit infonnation and to establish that the auditors are aware of that information. Day to day m8nagomont of tho tharity is delogated to Dorothea Amdt and th8 8enior m8nag8ment team. vad by the Trust and s￿ned on their behalf by.. 1510912022 Chalmian Hand In Hand Intafnatlonal 16

Independent auditorfs r•port to tho trusteos of Hand in Hand Int•rnatlonal Opinion We have 8udited the accounts of Hand in Hand Intemational (the 'tharity') for the year ended 31 March 2022 which comprise the stal8ment of financial actiwties, the balance sheet principal accounting policies and the notes to the aC￿Unt8. The financial reporting framevdork Ih8t has been applied in their preparation is applicable law and United Kingdom A¢wunting Standards, Including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (Unlted Klngdom Generally Accepted Accounting Practical. In our opinion. the accounts: g1￿ 8 true and fair vlaw of th8 staté of the ch8rftVs affalrs as at 31 March 2022 and of its incOff￿ and expenditure for the year then 8nded', have bean prop8rly prepared In accofdance wllh Unlled Klngdom Generally Accepted Accounting Practice. and hava b88n prepared In accordance wlth the roqulrernents of the Charltles Act 2011. Bas18 for oplnlon We conductod our audit in accordance bmth International Standards on Auditing (UK) IISAS IUKI) and 8pplicable law. Our r8sponsibiliti8s undèr those Standards are further d98cribed in the audrtor's responsibilities for the audit of the accounts section of our report. W8 arè independent of the charity in accordance with the elhic81 requirements that ere relevant to our audit of thé accounts in thè UK, Induding the FRC'S Ethical Standard, and we have fulfilled our oth8r ethical r8sponsibilitios in accordance with thes8 requlrements. We believe that the audit evidence we have obtalned is sufficient and approprfate to provld8 a basis for our oplnlon. Concluslon* r•l•tlng to golng COn￿M In auditlng the accounts, we have concluded that the trusta88' usa of th8 golng concem basis of accounilng In the preparatlon of the accounts Is approprlate. Based ￿ the V￿rk we have perforned, we have not Identlfled any matertal uncartalntles relating io events or conditions that, individually or collectively, m8y Cast signrficant doubt on the charitys ability to continue as 8 golng concem for a period of at least ￿e1ve months from when th8 accounts are aulhorised for issue. Our r8sponslbllllles and the r8spon8ibillUes of the trustse8 vAth respect to golrKJ con¢em are described in the relevant sects'ons of this reporL Other Infomiallon Th8 trust88s are r88ponsible for th8 Other infom)ation. Thg Qth8r information comprises the Information Sncluded In the annual report. other than th8 accounts and our auditorfs rewt thereon. Our oplnlon on the accounts doe5 not cover the other Infomiatlon and we do not express any fomi of assurance conclusion thereon. In connection with our audit of the accounts. our r8sponsibility is to read tha other Informatlon and. in doing so. consider whether the other information is materially inconsistent the accounts or our knovAedge obtained in the audit or otherwise appears to be rnaterialty misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to deternine whelhef there is a material misslalement in the accounts or 17

materkgl misstatement of the other infomation. If, based on the wort( we have perfornied, wa conclude that thgr8 is a malari81 misstat8m6nt of this other infonmatlon, ￿ are raquired to report that fad. We have nothing to report in this regard. Matters on whlch wg are rgqulred to rnport by •xc8ptlon We have nothlng to raport In respect of the following matters In relation to whlch the Charlties Act 2011 requires us to report to you rf, in our opinion: the inf¢)rmab'on given In the trust888' annual r8p¢Jrt Is Inconslstent In any materlal respect wth the accounts., or suffiuent accounting records have not b88n kepl., or the accounts are not In agreement w￿h the accounung records and retums; or we have not receNed all th? infomation and explanations we requlre for our audlt. R•sponslblllllo8 of trustso8 As 8xpl8inad mor8 fully in the trustee8' respongibilrties statement, the trustees are responsible for the preparatlon of the aC￿UnIS and for being satisfied that thèy givè a trua and fair view, and for such internal control as the trustees deterrnine is necessary to enable the pr8paratlon of accounts that ar8 fr88 from material mlsstatement, whether due to fraud or error. In preparlro the accounts, the trustees are responsible for assesslng the charlty's ablllty lo Continue as a going conc8rn, disclosing, as applicable, matters related to going concem and uslng the golng conLYm basls of accounlrvJ unless the trustegs ellher Inlgnd to liquldate the harfly or to ce88e operations, or have no reallstk altemallve but to do 80. Audltof 8 r•spon8lbllltlo8 for the audlt of th• accounts Our objectives 8rg to obtsin reasonabl8 888urancè about vth8ther the accounts 88 a v#hol8 are free from material misstatement, whether due to fraud or error, and to Issue an audllor's report that Includes our opinlon. Reasonable assurance Is a hlgh level of assurance. but Is not a guarantee that an audlt conducted in accordance with ISAS {UK) will always detect 8 material mls8tatement whgn It 8XI8ts. Ml88tatem8nts can aris8 from fraud or error and are consldered material il, irKlividually or In the aggrngala, th&y could r8asonably b8 8xpect8d to Influerth the economk declsions of users taken on the basis of these accounts. lffegularlties, Indudlng fraud. are Instanc88 of non-compllanc8 wlth laws and regulallons. W8 desSgn procèdures in line with our responslbilllles, outllned above, lo detect materfal mlsstalements In respect of Irregularities. induding fraud. The extent to whlch our procedures are capable of detgding irregularities, including fraud 15 d9tsiled bebw.. Our approach to identifylng and assesslng the rfsks of matedal misstatement in respect of Irregularfties, Includlng fraud and non-compliance with laws and regulations, was as follows.. the angag8m8nt partner ensured that the engagement team cx)Ilectively had the appropriate competence. capabililles and skllls to identfy or recognlse non-compliance with applicable laws and regulations; we identified the laws and regu￿tionS 8pplicat48 to the charity through discussions wlih management. and frorn our knovAedg8 and expèriénce of the sacior,. 18

Audftor'g re8ponglbllltlo9 for th• audit of the aKounts {continue(l} we focused on specific laws and regulatlons whlch we consldered may have a direct material effect on the financial statements or the operations of the Charity, including data protèction leglslalion, antl-bribery, safeguarding. employment, health and Safety 18g5s￿tiOn. we assessed the extent of compllance wlth the laws and regulations Identtlled above through making enquiries of management and inspecting I￿81 correspondence; and identifiod laws and regulations ware communicated within the audit team regulady and tèam remainèd alert to in5tsn¢es of noTrcompllance Ihroughout the audit. We assessed th8 SLlSC8Ptibility of th8 Charty's financlal statements lo materlal misstatement. Includlng obtalnlng an understanding of how fraud mlght occur, by.. maklng 8nqulrles of managément as to where they considered there was susceptlblllty to fraud, their knowledge of actual, suspected and alleg8d fraud: and considerlng the Internal controls In place to mitigatè risks of fraud and non-compllance with laws and regulations. To addre55 the rlsk of fraud through management bias and override of controls, w8: perfomied analyilcal procedure8 to Identlfy any unu8U81 or un8xp8Ct8d relallon8hlp8' 188t8d Journal 8ntrles to Ident5fy unusual transactlons., and assessed whether judgements and assumptions made in detemining th8 accountlng estlmates s81 out In th8 accounllng pollcles wgre Indlcglive of polentlal blas. In rèsponse to th8 risk of irrègularities and non4ompli8n¢e wlth laws and regulauons, v dèsigned procedures which included, but were not limited to.. agreeing financial statement disclosures to undedying sUPPOrting documentation., reading tha minutes of organisation meetings,. enquirfng of management as to actual and potentlal Iltigalion and ¢lalm8; and r8vl8wing any 8vailablg Correspondence wlth HMRC (where relevant) and the Charftys legal adTrlsors (although none wa8 noted 88 bèiro recebved by the Charity). As 8 result of our procgdurgs we not Id8nUfy any key audlt matters relallng to Irr8gularbtl88. There are Inherent Ilmltattons In our audit proc8dure8 d8scdb8d abov8. The more removed that laws and regulations are from financlal Iransacllons. the less likely it 18 that we would become aware of non-compliance. Auditing standards also15mSt the audlt procedures requlr8d lo identrfy non-cornpliance with law5 and regulations to enquiry of the trustees and other management and th8 In3pectton of regu1810ry and legal corre5pondenc8, 11 any. Mat8rSal mlsstalements that arise due to fraud can be harder to detect than Ihose thal arfga from error as they may Involve dellberat8 conc8alm8nt or collusion. A further description of our responsibillties for thè audit of the accounts is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our auditorfs reporL 19

Use of our report This report Is made solely to th8 chaw's twstees. as a body, In accordance with sectlon 144 of the Charilies Aci 2011 and with regu18tions made under section 154 of that Act. Our audit work has been undertaken so that we might slate to the charitys trustees those matters we afe required to staté to them In an audttofs rèport and for no other purpo58. To the full8st extent pemiitted by law, we do not accept or assume responslblllty to anyone other than tha charity and the chariws trustees as a body, for ouraudit work, for Ihis report, orfor the oplnions W8 hav6 fomied. Bu2zacott LLP Statutory Auditor 130 Wood Streel London EC2V 6DL Date: 21 September 2022 8uzzac4)tt LLP 18 eliglble to act 88 an Audllor Sn t8m)s of 8ectlon 1212 of the Companles Act 20

r¢0 1fir￿J )w) Nole lilli JI 8 uoJgo)oJfn ZE￿

Balanco Shoot as at 31 March 2022 Not8 2022 2021 Flxod Assets Tangible Ass8ts 29,853 32,788 Dobtors: Amounls du• boyond on• y•ar 377,395 753,537 Current Assets Debtors Cash al bank and In hand 1,501,484 100,086 4,945.451 6,446,915 4,737,432 4.837,518 Crndltors: Arnounts duo In on• yaar 10 297,758 35,719 Net current assets 6,526,552 5,555,336 N•t a•sot• 11 6,556,405 5,588,124 Fund• Re8lrScted funds Unrestricted funds.. Designated fund Unr881rfcted funds 4,541,260 3,731,433. 1,204,518 810,827 1.426,986 429,705. Total fund• 14 6.556,405 5,$88,124 he furKts for the year pnded 31 Marth 2021 hav9 bean restatsd. Sea nots 14: Movement In Funds for further detall. The notes on pages 24 to 36 lorm part of Ihase accounts. Authorlsed for Issu6 and approved by the Trustees on ISIYL Chalnnan 22

Cash How Statomont for tho year ondod 31 March 2022 2022 2021 Cash flows from operatlng actlvltlos 968,281 1,056,336 Net Income for the year Adjuslmenls for: Inl6r8St R8c8ived 08preciatlon of fixed assets (Incr88séydecrease in debtors Increasel(de¢rease} in creditors (175) 8,973 {1,025,236) 262,039 (3.844) 8,209 275.585 (203,088) Not cash provldod by 0￿ra￿ng actlvlll•s 213882 1133 198 Cash flows from investing activities Purchase of tangibl8 fixed 8S88ts Interest r8celv8d (6,0381 175 (3,859) 3.844 Not cajh (usod In) Inv•stlng acti￿tIO8 15 Chang• In cash and ca•h oqulvalont• In th• y•ar 208,019 1,133,183 Cash and cash equlvalents at beglnnlng of year 4,737,432 3,604,249 Cash and cash equlvalent• at •nd of tho y•8r 4 945 451 4,737,432 No separate reLx)noliation of net debl has been pr&pared as Ihara is no drfference between thg net cash (dgbt} ol the Charty and the cash and cash equlvalents. 23

NotOS to tho Financlal Statom•nls for the y•ar •nd•d 31 March 2022 1. Accountlng pollclos The financial statements have been prepared in accordance with the Financial R•porting Standard applicable in the UK and Republlc of Ireland (FRS 102)- The charfty Is a public benefit entty for the purposes of FRS 102 and therefore has also prepared its financial statements in accordanc8 Trmth the Ststement of Recommended Practice applicab￿ to charities prep8ring their accounts in accordance with the Financial Repoiting Stsndard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORPI and Charities Act 2011. The financial statements are prepared in sterling, which is the functional currenoy of the charlty. Monetary amounts in these financial statements are rounded to the nearest pound. Golng concom The trustees have 888essed %thether the usè of going concem is 8ppropriate and have considered possible events or rnnditions that might cast significanl doubt on the ability of the charity lo continu8 88 8 going concem. The trustegs hav9 made thi8 assessment for 8 period of at18ast one year from the dale of the approval of th8se financial statomonls. In particular. the trustees hav& considered the charity's forecasts and projections and have taken account of rK8ssures on Incom8 streams. After maklng enquiriés, th8 trustéés hav8 COndud￿ that there is a reasonable expectation that the charity has adequate resources lo conlnue In OP8rats'onal existence for the fore89gable futur8. Thè trustees h8ve consid8r8d that funding continues to b8 at risk in the wake of continued uncertainty and instability due to the COVID-19 p8ndemlc slow-dovm followlng the COVID-19 pandemic, however, this ri8k has de￿aSed in line with worldwide roll out of vaccin81ions. As a mltlgatlon, the organlsatlon ￿11 contlnue lo manage core costs tlghlly, wth quartedy budg8t rèviews, and adjustments if required. The organisation WTII also inv8St res8rv88 Sn fundral8lng capacrty now. The tharily therefore continues to adopt the going concem b8818 in preparing its linancial 8tat8ments. b) Al income 18 recognised when Ihere is entitlement to th8 fund8, th8 r8C8lPt 18 probable and the amount can be m8asured reliably. Donations and grants are recognised in the ststement of Financial Activities when rec&lvable. Where income Is recelved In advance of meeting any p8rformance-related condltlons there Is not unconditional 8nlitlemant to th8 Income and lis recognillon Is deferred and indud8d In creditor8 8$ d8feTred Inwme until tho perfomance-related condits'ons are MOL Gifts in Kind 8r8 indud8d as donated ir￿rne at market va￿e at the time of ffjceipt d) Expenditure Is Sncluded In lh8 Statement of Flnanclal A¢tMti89 on an accruals basls, Inclusiv8 of any VAT whlch cannot be recovered. Expenditure 15 iecognised once there 15 a 18gal or constructwe obligation to transfer eeLinomlc benafK to a third paty, It is probab￿ that a transfer of economic benefits wll be required in settlement and the amount of the obligation can be measured reliably. All costs are directly attributable to specffic acttvities. Total exp8ndlture has been allocated to ellher Direct Programmes. Fundraising or Support costs. Thls year UK exponditure on programmes has been included in restricted 8P8nd under Direct Programmes (vthere 24

previously the policy was to include all UK expenditur8 in unr8strtct8dl. Prior year figures hav8 been restated in line wth this policy. This yèar Fundraising e£)sts have been included as Direct Spend rather than Support costs as fundraising is a core activity. Prior year figures havg bogn reslat8d in ling Wlth this policy. Support costs are split out b8tw88n building costs, offic8 costs, audti f88s. legal and professional fees, tru5tegs' expenses, staff and consuf(ancy costs. tr8vel costs, fundraising costs and foreign 8xchang8 gainsllosses. The methodology of allocating support ￿Sts to network partner countri85 was revised this year so that a percentage of costs were allocated based on direct spend on charilable activities. Prfor yBar figuros have bgen reststed in line wlth this pollcy. Depreclatlon Is provlded at rates to writ8 off the cost of ea¢h asset by equal annual instalments over their exp8Ct8d useful IIv8s as follows. Office equipment 4 years Leasehold improvements 10 year8 A88818 c08ting more than £500 are caplla1188d. R88tricted funds ar8 to be used for specthc purpose8 as laid down by the donor. Expftndltsjrft whlr.h mAe18 th8sA prft8da Is charged to the fund. All reslrfded programme incorne to be sp8nt In the UK h88 been recognlsed as r88trict8d income, where pr8vlou81y th18 was recognised 88 unrèstrictèd income in line with Ihe treatment of expenditure. g) Unrestricted funds are donat5ons and other income receivable are g8nerated for the objects of the charity. h) Deslgnaled funds are 8180 unrestrlcled funds but have been deslgnated by the tru8t888 for a particu18r purpose. Thè D88ign8led fund is made up of the EIF loan deblor value and an amount for the Increase In headcount a8 set out In the 8trateglc plan. Rent81 paym8nt8 und8r operating lea3e8 are charged 83 expenditure as incurred over the tenn of the lease. The charity OP8ral8s a defin8d contribution pension scheme. The a8sets ofthe schemg are held separately from those of the charlty Sn an Ind8pandently admlnistered fund. The pension cost charge repr9$9nts contributions payable under the scheme by the charity to th8 fund. Th8 charlty has no IlabSllly und9r the 3theme other than for the payment of those c￿trIbUtIOns. kl Monetary assets and 118blltlles in foreign currencies are translated Into steding at the rates of exchange ruling at the balance sheet date. Transactions in foreign currenues are translated into stsrling at the rate of exchang8 ruling at the da18 of transaction. Exchange differènces arè takèn into account in arriving at the net incoming resOurr￿S for the year. Crltical accountlng estimato8 and area$ of Judgement In the view of the tlilgtees in applylng the accountlng pollcles adopt8d, no judggments Were required that have a 8ignfficant effect on the amounts recognSsed in the financial statements nor do any estimates or assumptions mad8 carry 8 signrfi￿nI risk of material adjustment in the next financial year. 25

other ilnanclal Instruments Cash and cash equival8nts include cash at banks and short- tem) deposits with a maturlty of three months or less. Debtors and creditors receivable or payable withln one year of the reporting date are earrled al thelr transaGtion price. D8btors and creditors that are rèc8ivabl8 or payabl8 in more than one year and not subject lo a market rate of interest are rneasured al the present value of tho axpacted future receipts or p8yment discountcd at a markot rato of Intorest. 2. Donatlons and Grants Restricted Unr9Stricted 2022 Total Corporate foundations Corporate donors Indlvldual donatlons Govemments and Institutk)ns Trusts and Foundations Events 4,028,303 602,977 136,777 425,839 641,183 4,028,303 695,279 240,226 425,839 763,668 463,909 92,302 103.449 122,485 463,909 5,835,079 782,145 6.617,224 Included within t)onations from Corporate Donors are Glfts-In4<1nd of £82.299 (2021: £90.985) and the corresponding expenditur9 18 includ8d in Note 4.. An8ly3is of total 8xpanditur8. Income from corporate foundalons Indudes InccAna of GBP 501,783 IEUR 591,8611 (2021: GBP 643,180 {EUR 717,4671> from the IKEA Foundation for a multi-year pmJ8ct to develop Hand in Hand'8 capacity in circular economic and regeneratlve agriculture. Restricted Unrestricted 2021Trtal Corporate foundation3 Corporat8 donors Individual donalions Govemments and Institullons Trusts and Foundation8 Events 3.970.093 937,555 179,667 369.362 684.494 5,000 95,938 319,532 3,975.093 1,033,493 499,199 369,362 776,359 23,720 91.865 23.720 6.141.171 536.055 6,677,226 26

1. N•t Expendlture Net expenditure is stated after the followlng exp8ns8s". 2022 2021 Depreciation Auditor's Remuneration". Audit Op8raUng1oase payments 8.973 8.209 9,295 61,109 10.680 85.241 27

e e E r rL CL f&

2022 Supporting people in Afyhan18tan SupportirvJ SupportiNJ Supp(Yting people in people In people in Indba Kenya Tanzanla All costs FuNJralslng Analysis of Support Costs Building costs Trademark¥ Office cost8 Audit fees L8gal and professlonal Trust8è8' expen59¥ Staff and other consultancy Foreign exchange galns 13,441 1,344 89 2,453 95,698 1.206 1,001 121 86.356 81 6,447 776 1,828 220 128,002 455 8,233 45 51,196 30 53,002 293 15,025 83 146,657 14,666 9,832 972 94,421 26.766 130,169 255,289 13.017 12,392 863 821 83.805 79,788 23.757 22,618 139,668 2021 Supporting people I costs Fundrai81ng Afghanistan Supporting people In Kenya Supporting people In Tanzania AnalyslB of Support Cost• Bulldlng costs Tradem8rk8 Offic8 costs Audit 1808 Lagal and professlonal Tru$tea$' expgnsos Staff and olh8r consultancy Forelgn exchange $88 48,557 116 22,173 16,298 96,985 120 4.856 12 2.217 1,630 9,699 12 6,312 15 2.882 2,119 12,608 16 29,620 71 13.525 9,941 59,161 73 7.769 19 3,548 2,608 15,518 19 116,120 11,612 15.096 70,833 18,579 356,285 656,654 49,360 79.398 62.469 101,517 168,164 350,388 77,292 125.352 29

1. Staff Costs and nUrn￿r$ 2022 2021 Salarie5 and wages Social sècurity costs Pension contribution 642.704 71.506 39.389 753,599 658.503 74,323 42,053 774,879 The nurnber of employees earning over Lt5U,UUO in the year is as follows.. 2022 Nos 2021 £60,000- £70,000 £70.000- £80.000 £90,000- £100.OCrt) The average we8kly number ol employees (lull tlme equlvalents) durlng the year was as follows: 2022 No8 2021 Nos Operatlonal programme8 Fundraising and publicity Management and admlnlstratlon 12.1 13.0 The average he8d¢ount of 8mploye88 Was 14 (2021: 14). Key management personnel include the Trustees, Chlef Execullve and s8nSor staff reportlng dlroctly to the Chlef Executlve. The total employee benefits of thg Charty's kay management personnel werè £397,304 {2020121: £343,306). A hlgher number ol posltlon818 Sndudad th18 ar. No trusteg rec8lv8d any remunerat1￿ or other 8mploym8nt benef￿ durSng the flnanclal year. (2020121- none). £455 relalSng to 2 trustees was spent on travel expens8$ for board m88tlng8 durlrrJ 2021122 (2020121.. 1 trustee, £1201. Every year 8 charity sector pay benchmarking 8x8rcise Is carried OLrt to ensure that salaries are In Iln8 with other similar organi5atlons. In the year a benchmarking exercbse was also carrled ¢Jut as part of r8vl8wing the annual leave policy which was then updated. . Tuatlon The charitable company is exempt from corporatSon tax as all its In￿Me is charitable and is applied for charitable purposes. 30

2. Tangible fix•d 058ets Leasehold Improv8m8nts Office equlpment Total Cost At 111 April 2021 Additions in y8ar As at 31 March 2022 49,991 39,623 6.038 45,661 89.614 6,038 95.652 49,991 Depreclalon At 1Jt April 2021 Charge in year As al 31 March 2022 24,995 4,999 31,831 3,974 56,826 8.973 Nat book value= At 31 March 2022 At 31 March 2021 19,997 24,996 9,856 7,792 29,853 32,788 AII fix8d assets are used lo fuffll the charity's objects. . Long t•mi d•btorn 2022 2021 Rent Deposit Enterprise incubation funds 43,320 334,075 377,395 43.320 710,217 753.537 The Entsrprise incubation fu￿1& have been made to Hand in Hand Eastsm Afrfca to enable them to make mlcro•loans to beneflclarfes. They ar8 public b8n8frt gntity conG98sionary loans that are not repayable on demand and were loaned to the beneficlary as part of the purposes ol the charfty'8 object8. There is a five year rep8ym8nt plan in plac8 for Hand in Hand Easlem Afric8 to repay the full balan￿. In the year, two repayments wlth a toial valu8 of £231,519 werè made as part of the repayment plan. £153,674 Is due to be repald In the yearto March 312023, and the remaining balance of £334,075 is du8 to b8 repaid by March 312025. 31

3. Debtors: amounts due wlthln one year 2022 2021 Accrued Income Other debtors Prepayrnenls EIF loan dué in one year 1,310,195 1,853 35,742 1S3,674 1,601.464 83,219 40 16,827 100,086

4. Crodltor•: amounts duo wlthln on• yoar 2022 2021 Trada Creditors TaxatSon and sodal sècurtty Accruals 251,135 23,385 23,258 297,758 20,449 15,270 35,719

5. Analy•l• of n•t 888•t8 b•twa•n funds 202112022 Restrict8d funds Unrostricted Deslgnaled funds Fund8 Total fiJnd8 Tangibl8 fixed assets Current assets Current Ilabllltles Net assets as at 31 March 2022 29.853 832.971 52,197 29,853 6,824,310 297.758 4,786,821 245,561 1,204,518 4,541,260 810,627 1204.518 202012021 Rastrfcted funds Unrestrfcted De8ign8ted funds Funds Total funds Tangible flxed assets Current assets Current Ilabllltl88 Net assels as at 31 March 2021 32,788 432,636 32,788 5,591,055 3.731,433 1,426.986 3,731,433. 429,705. 1,426,986 5.588.124 Yhe funds for the year ended 31 Mard12021 havg been r8stat8d. See note 14: Movement In Funds for furthèr det811. 32

6. Related parties The followlrKJ transacttons were made during the years". 2021122 Connact8d Enlty Nature or relationship Total Bmounl 8gnVlrecelvedl In the Amount owing to conn8cl8d enlily at ar end Nature of 118n8actions HIH Swedgn Slsler ntS81ion Impl8menting Partner Implementing Partner Implementlng Partner Implementlng Partner Sl8ter 8ni8alion Forw8rdlng donations Transfer for 243.995 HIH Kenya 2920516 HIH Tanz8nk9 Transfer for ro ects Transf8r for ects Transfèr for HIH Afghanlstsn 466,262 228,611 HIH Indla Friends of Hand In Hand Don81k)n8 267 380 202012021 Connected Enuty Nature of relatk)n8hlp Total 8mounl 8entllrecelvedl the year Amount owin9 to conn8ct6d 8nllty at ar énd Nature of trans8cllon8 HIH Swedgn S181er anisatlon IMP￿rnantIng Partner Impl8manUng Partner Impl8mènUng Partner Implemenilng Partner SSst8r anisallon Forwardln9 donallons Tran8f8r for 109752 HIH Kenya 2 208 375 HIH Tanzanla Transfer for 591 049 HIH Afghan181an Tr8n$fer for HIH Indla Tran$fgr for ects Donation8 Fr￿ndS of Hand In Hand 121686 Amalia Johnsson is Chair of Hand in H8nd Eastem Afr￿8 and 18 8180 8 Trustee of Hand in Hand Afghanistan and an 8mploy88 of Hand in Hand International. Dorothea Amdt is a Trustee of Hand in Hand Eastem Afri￿. Bruce Grant and Dorothea Arndt are Trustees of Frlends of Hand In Hand, 8 charfty reglstered in the United Ststes of America. Tran8actlon• wlth Tru•togs: During the year 2021122 3 trustees donat8d to Hand In Hand Intematlonal (2020121: 2). These trustees donat8d a tolal of £371,058 (2020121.. £220,313). 2 companies related lo trustees made donations In the year, including 1 donation in kind (2020121: 5 donations from companies rekqtsd to trustaal. The total of these donations was £241,754. Donations from famlly members of trnstees w8r8 £130.090 in total. 33

7. Obllgatlons under op•ratlng loases 31 March 2022 Land and buildings 31 March 2021 Land and l)uildings Other Other Within 1 year Between 1-5 years Between 5 and 10 years 60,529 201,290 67,314 248,350 32,830 348,494 261,819 1& Movom•nt• In funds 202112022 Balance at 31 March 2022 Balanc8 at 1 Aprfl 2021 Income Expendllure Transfers R8slricted funds Afghanistan India Kenya T8nz8n18 21,174 797,681 (434.570) 37.779 422,064 104,810 (112,554) 7,745 2,849,103 3.652,206 (3,486,416) (14.459) 3,000,435 861.158 1,280,382 1,046,733 23,956 1 118.761 3,731,433 5,835,079 (5,080,273) 55.021 4,541,260 Unrestdcted funds DesvJnat8d funds 429,705 1,426.986 5,588,124 6,626,774 791,695 {578,220) 167,447 810,627 {222,4681 1.204,518 6,556,405 5.658.493 202012021 Balance at Transfers 31 March 2021 Balance 8t 1 Aprfl 2020 Income Expenditure Restricted funds Afghaniston India Keny8 T8nzan 101,212 717,013 110,￿7 1,284,226 4,238,153 451,113 1,075,038 1.836,551 6,141.171 (1,060,068) (110,967) (2,794,035) 716.905 (4,681,974) 263.017 21,174 120.759 2.849,103 51,910 861,156 435,686 3,731,433 Unrestricted fijnds Designated funds 1.268,251 1426.986 4,531,788 6.722.338 581.167 {984.028) (435,686) 429.705 1,426,986 5,588,124 5,666.002

More details of thèse reserve3 are given in tho Financial R8vi8W Within th8 Trust88s' Report. The d8signated fund is made up of parts. It r81at8S to th8 EIF loan debtor balancg whlch Is being repaid by Hand in Hand East Africa and ha5 therefore decreased in the year to 31 March 2022. The remaining part of the designated fund. which relates to covering the cost of increasing the tsam's headcount as part of th8 Strategic plan to 2026. has remained unchangad. The restrlctéd and unréstricted fund balances for the year ended 31 March 2021 have been restated to better represent th8 income, and associated expenditure, received as part of donor fvnding Nvhich relates to slrateglc and financial programme supporL Where previously this had been included in unrestricted lunds it has been r9Stated within the relevant re8tricted fund. 35

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