**REGISTERED COMPANY NUMBER: 05903490 (England and Wales) REGISTERED CHARITY NUMBER: 1121334** **Unaudited Financial Statements for the Year Ended 31 December 2021** **for** **Open Hands Trust (Leicester)** The Rowleys Partnership Ltd Chartered Accountants Charnwood House Harcourt Way Meridian Business Park Leicester Leicestershire LE19 1WP **Open Hands Trust (Leicester)** **Contents of the Financial Statements for the Year Ended 31 December 2021** ||**Page**| |---|---| |**Reference and Administrative Details**|1| |**Report of the Trustees**|2 to 5| |**Independent Examiner's Report**|6| |**Statement of Financial Activities**|7| |**Balance Sheet**|8 to 9| |**Cash Flow Statement**|10| |**Notes to the Cash Flow Statement**|11| |**Notes to the Financial Statements**|12 to 24| |**Detailed Statement of Financial Activities**|25 to 26| **Open Hands Trust (Leicester)** **Reference and Administrative Details for the Year Ended 31 December 2021** **TRUSTEES** D H Bennett (Teacher) Mrs S E Hind (Church Leader) Rev D Hind (Minister Of Religion) C Jewitt (HR Manager) Rev B C Niblock (Minister Of Religion) (resigned 13.9.21) C Gardiner (Director) J M Saker **REGISTERED OFFICE** 53 Upper Tichborne Street Highfields Leicester Leicestershire LE2 1GL **REGISTERED COMPANY NUMBER** 05903490 (England and Wales) **REGISTERED CHARITY NUMBER** 1121334 **INDEPENDENT EXAMINER** The Rowleys Partnership Ltd Chartered Accountants Charnwood House Harcourt Way Meridian Business Park Leicester Leicestershire LE19 1WP Page 1 **Open Hands Trust (Leicester) Report of the Trustees for the Year Ended 31 December 2021** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. ## **OBJECTIVES AND ACTIVITIES Objectives and aims** ## **Vision** We long to meet the present and future needs of those suffering poverty. ## **Mission** - To provide emergency practical care and support to individuals and families facing financial hardship - To equip unemployed and socially disadvantaged individuals with life skills that improves their work readiness - To empower parents with young children the opportunity to access work through providing free early years education ## **Values** We believe: - That every life is valued - That compassion should be given to and through people - That everyone deserves a second chance - That everyone is to be treated with love, dignity & respect - That everyone can have hope to rebuild their future ## **Key Activities** Open Hands provides practical help, skills training, mentoring, advice and volunteering opportunities to those facing financial hardship and/or social disadvantage in Leicester. The charity received 'The Queen's Award for Voluntary Service' thanks to the hard work of 120 volunteers and its Compassion Centre has received over 100,000 visits since it opened its doors in 2009. ## **Public benefit** For the main activities undertaken to further the charity's purposes for the public benefit, the trustees have had regards to Charities Commission guidance on public benefit. Page 2 **Open Hands Trust (Leicester) Report of the Trustees for the Year Ended 31 December 2021** ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** Due to the impact of COVID-19, the charity quickly adapted its services to respond to the growing needs in the city and provided over 80,000 emergency meals through its services from April-December alone - this equates to 21.5 tons of food and a retail equivalent value of over £35,000. The charity's food bank received 29% more visits in 2020 than it saw the year previous. The charity also offered an affordable food service as an 'add-on' to those taking steps towards independent living. The charity also launched a free 'Emergency Click and Collect' service to enable those requiring further practical assistance the opportunity to request a wider range of items (such as clothing, toiletries or bedding) - items could be 'ordered' online by a referral partner and were then picked and packed ready for collection. The charity's furniture project continued to partner with the 'Leicestershire and Rutland Re-use Network' (LRRNN) in delivering a Leicester City Council tender to provide furniture to eligible Community Support Grant (CSG) holders. The project also launched a new scheme providing washing machines to local families in need thanks to a new partnership with The School Development Support Agency (SDSA). 'Hand in Hand Preschool' continues to offer good quality nursery education through its two early years settings located in Highfields and Braunstone in Leicester. The Trust's coffee shop, '6 Degrees Coffee House', also continued to deliver its services through its trading subsidiary 'Compassion In Action' (Company Number: 10587115) when government guidelines allowed. All profits continue to be invested into the charity's work. ## **Case Studies** A recipient of one of our food parcels through Covid-19 commented: "You are all doing a wonderful and unique [job]. Every day you are helping, supporting and motivating a lot of people who are in real need. I would like to thank you from my heart, not only for food but also for the way you deal with us. You are lovely, smiley, and very friendly. You are keeping us all moving forward." - At Christmas we helped to furnish the property of a man who had just been released from prison. The man had only a bed to sleep on and no other possessions; he was living out of a bag and kept everything on his bed as the floor was soaking wet. We were able to help the man through our furniture project. The furniture team revisited the man's property a few weeks after our initial delivery in order to install a washing machine. Our furniture project manager commented that "what had previously been an empty box now felt like a home". The man was so happy to show the team around and said that he'd been recommending others in need to come to Open Hands for help! - A participant on our last 'Emerge' self-esteem course rung their mentor this year to update us on their situation. The participant, who was an ex-offender, had been up and down in their mood when we first met them back in 2019 but was now sounding much more happy and confident. The individual told us that they were now back in employment and had thought to contact Open Hands as they wanted us to know how much our support through the course had meant to them. It is amazing to think that even 12 months on our guests still think of us and continue to put what we've taught them into action. - Page 3 **Open Hands Trust (Leicester) Report of the Trustees for the Year Ended 31 December 2021** One of our English class students said: "I heard about the English Classes through a friend who was helped by Open Hands with clothes and food... The classes are so good and the teachers support us so much. They've helped me to improve my language and I have made so many friends here too - it's like a community, a big family to be a part of." ## **FINANCIAL REVIEW** ## **Reserves policy** The Trustees have adopted a reserves policy which requires 3 months of expenditure, of approximately £38,000, to be held in unrestricted reserves. This will allow the Charity to continue to operate for a minimal period of time should income reduce. The Trustees recognise that the current cash reserves are not at the required levels and will work towards increasing these during 2022. The value of the reserves will be monitored on a regular basis in the light of current giving levels, expenditure and annually as part of the budget process. The accounts on pages 7 to 18 summaries the income and expenditure during the year ended 31 December 2021 and the state of the charities affairs as at 31 December 2021. In the year to 31 December 2021 total income was £597,954 (2020 - £496,525) and total expenditure was £414,892 (2020 - £341,308). The Trust is grateful to have received support from the following funders & trusts this year: - The National Lottery Community Fund - £33,497 towards the furniture project - DCMS Funding via Love Your Neighbour/The Church Revitalisation Trust - £22,439 match funding towards emergency meal provision, debt advice and employment support. - The Laing Family Trust - £18,998 for construction costs. - The Thakrar Foundation - £15,000 towards the building project. - Hastings Direct - £7,000 towards our work. - The Hearth Foundation - £5,000 towards our work. - Help the Homeless - £5,000 for Restore Project rooms. - LCC Covid Safe Communities Fund - £4,984.67 for covid secure English classes. - Sturgess Motors - £2,000 towards the building project. - George Ernest Ellis Foundation - £1,764 for an industrial dishwasher. - The Co-op - £2,058 towards our work. - Asda - £1,000 towards clothing. - Sainsburys Neighbourly - £500 towards our work. Page 4 **Open Hands Trust (Leicester)** **Report of the Trustees for the Year Ended 31 December 2021** ## **FINANCIAL REVIEW - continued** The charity is appreciative of its ongoing partnership with Pukka Pies, Asda, Sainsbury's, Co-op and Hastings Direct. The Trust is also grateful for regular support from Trinity Life Church, Knighton Evangelical Free Church, Kingsgate Community Church, Avenue Community Church, St. Wilfrid's Church (Kibworth), Living Rock Church, Bethel Evangelical Free Church, Fleckney New Life Church, Life Abundant Pentecostal Church and St. Catherine's Church (Houghton-on-the-Hill) amongst many other local organisations and supporters. The charity is particularly appreciative of the support of many individuals and organisations who supported our building project in 2021, enabling us to move to our new premises. ## **FUTURE PLANS** Over the next 12 months Open Hands Trust aims: To continue to meet the needs of those who are vulnerable or at risk of homelessness in Leicester. To equip individuals with skills and advice that help them to become more financially resilient. To launch a social supermarket to support individuals and families facing food insecurity. To expand the capacity of the charity to continue to deliver and develop its projects post-lockdown. We are grateful to all the Trust's staff, volunteers, partners, donors and supporters who enable the charity's work to continue to make a positive difference to the lives of those it serves. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is incorporated as a company limited by guarantee and is governed by the company's Memorandum and Articles of Association in August 2006. ## **Recruitment and appointment of new trustees** At the first Annual General Meeting all of the directors will retire, in future one third of the trustees retire by rotation of longest serving. Appointment of new trustees can be from retiring trustees or individuals showing an interest in the work of the charity, who are willing to serve and have appropriate gifts. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 15 July 2022 and signed on its behalf by: Rev D Hind - Trustee Page 5 **Independent Examiner's Report to the Trustees of Open Hands Trust (Leicester)** ## **Independent examiner's report to the trustees of Open Hands Trust (Leicester) ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr R J Radford FCA ICAEW The Rowleys Partnership Ltd Chartered Accountants Charnwood House Harcourt Way Meridian Business Park Leicester Leicestershire LE19 1WP Date: 15 July 2022 Page 6 **Open Hands Trust (Leicester)** ## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 December 2021** |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
82,409
**Charitable activities**
4
Hand in Hand Pre-School
-
Open Hands
4,716
Investment income
3
-
**Total**
87,125
**EXPENDITURE ON**
**Charitable activities**
5
Hand in Hand Pre-School
-
Open Hands
93,796
Support costs
11,727
**Total**
105,523
**NET INCOME/(EXPENDITURE)**
(18,398)
**Transfers between funds**
18
322,291
**Net movement in funds**
303,893
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
50,808
**TOTAL FUNDS CARRIED FORWARD**
354,701|Restricted
funds
£
320,983
189,764
-
82
510,829
208,328
82,805
18,236
309,369
201,460
(322,291)
(120,831)
180,461
59,630|31.12.21
31.12.20
Total
Total
funds
funds
£
£
403,392
268,137
189,764
224,901
4,716
3,450
82
37
597,954
496,525
208,328
183,933
176,601
135,887
29,963
21,488
414,892
341,308
183,062
155,217
-
-
183,062
155,217
231,269
76,052
414,331
231,269| |---|---|---| ## **CONTINUING OPERATIONS** All income and expenditure has arisen from continuing activities. The notes form part of these financial statements Page 7 **Open Hands Trust (Leicester) (Registered number: 05903490)** ## **Balance Sheet 31 December 2021** |Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
13
345,219
Investments
14
1
345,220
**CURRENT ASSETS**
Debtors
15
8,621
Cash at bank and in hand
30,264
38,885
**CREDITORS**
Amounts falling due within one year
16
(29,404)
**NET CURRENT ASSETS**
9,481
**TOTAL ASSETS LESS CURRENT LIABILITIES**
354,701
**NET ASSETS**
354,701
**FUNDS**
18
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
-
-
-
94,794
94,794
(35,164)
59,630
59,630
59,630|31.12.21
Total
funds
£
345,219
1
345,220
8,621
125,058
133,679
(64,568)
69,111
414,331
414,331
354,701
59,630
414,331|31.12.20
Total
funds
£
2,644
1
2,645
39,044
208,200
247,244
(18,620)
228,624
231,269
231,269
50,808
180,461
231,269| |---|---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 8 **Open Hands Trust (Leicester) (Registered number: 05903490)** ## **Balance Sheet - continued 31 December 2021** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 15 July 2022 and were signed on its behalf by: D Hind - Trustee The notes form part of these financial statements Page 9 **Open Hands Trust (Leicester)** ## **Cash Flow Statement for the Year Ended 31 December 2021** |31.12.21
Notes
£
**Cash flows from operating activities**
Cash generated from operations
1
272,860
Net cash provided by operating activities
272,860
**Cash flows from investing activities**
Purchase of tangible fixed assets
(356,084)
Interest received
82
Net cash (used in)/provided by investing activities
(356,002)
**Change in cash and cash equivalents**
**in the reporting period**
(83,142)
**Cash and cash equivalents at the**
**beginning of the reporting period**
208,200
**Cash and cash equivalents at the end**
**of the reporting period**
125,058|31.12.20
£
153,969
153,969
-
37
37
154,006
54,194
208,200| |---|---| The notes form part of these financial statements Page 10 **Open Hands Trust (Leicester)** **Notes to the Cash Flow Statement for the Year Ended 31 December 2021** |**1.**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**|| |---|---|---|---|---| ||||31.12.21|31.12.20| ||||£|£| ||**Net income for the reporting period (as per the Statement of**|||| ||**Financial Activities)**||183,062|155,217| ||**Adjustments for:**|||| ||Depreciation charges||13,509|10,113| ||Interest received||(82)|(37)| ||Decrease/(increase) in debtors||30,423|(22,007)| ||Increase in creditors||45,948|10,683| ||**Net cash provided by operations**||272,860|153,969| |2.|**ANALYSIS OF CHANGES IN NET FUNDS**|||| |||At 1.1.21|Cash flow|At 31.12.21| |||£|£|£| ||**Net cash**|||| ||Cash at bank and in hand|208,200|(83,142)|125,058| |||208,200|(83,142)|125,058| ||**Total**|208,200|(83,142)|125,058| The notes form part of these financial statements Page 11 **Open Hands Trust (Leicester) Notes to the Financial Statements for the Year Ended 31 December 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. Open Hands Trust (Leicester) is a private company limited by guarantee registered in England and Wales. The address of the registered office is given in the charity information on page 1 of these financial statements. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. ## **Preparation of consolidated financial statements** The financial statements contain information about Open Hands Trust (Leicester) as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. ## **Income** All income is recognised in the Statement of Financial 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. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** It is policy that monies received relating to building and capital projects are transferred to unrestricted funds once the building works and projects have been achieved. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |Improvements to property|- 10% on cost| |---|---| |Plant and machinery|- 25% on cost| |Fixtures and fittings|- 25% on cost| |Motor vehicles|- 25% on cost| ## **Taxation** The charity is exempt from corporation tax on its charitable activities. continued... Page 12 **Open Hands Trust (Leicester) Notes to the Financial Statements - continued for the Year Ended 31 December 2021** ## **1. ACCOUNTING POLICIES - continued** ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **Debtors and creditors receivable/payable within one year** Debtors and creditors are stated at transaction price. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and cash on deposit. ## **Investments** The investment in the wholly owned subsidiary, Compassion in Action Leicester Limited, is included at cost. ## **Going concern** The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. continued... Page 13 **Open Hands Trust (Leicester)** **Notes to the Financial Statements - continued for the Year Ended 31 December 2021** ## **2. DONATIONS AND LEGACIES** ## **3. INVESTMENT INCOME** |**INVESTMENT INCOME**||| |---|---|---| ||31.12.21|31.12.20| ||£|£| |Deposit account interest|82|37| Of total income from investments £Nil (2020: £Nil) was unrestricted and £82 (2020: £37) was restricted. ## **4. INCOME FROM CHARITABLE ACTIVITIES** |Hand in Hand pre-school
Open Hands|31.12.21
£
189,764
4,716
194,480|31.12.20
£
224,901
3,450
228,351| |---|---|---| ## **5. CHARITABLE ACTIVITIES COSTS** |Hand in Hand Pre-School
Open Hands
Support costs|Direct
Costs (see
note 6)
£
208,328
176,601
-
384,929|Support
costs (see
note 7)
£
-
-
29,963
29,963|Totals
£
208,328
176,601
29,963
414,892| |---|---|---|---| continued... Page 14 **Open Hands Trust (Leicester)** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021** ## **6. DIRECT COSTS OF CHARITABLE ACTIVITIES** |Staff costs
Charitable Givings
Small furniture & repairs
Catering costs
Crafts & resources
Rent
Insurance
Toys & books
Sundries
Stationery, postage & telephone
Staff expenses
Professional fees
Catering, consumables and sundries
Light & heat
Repairs & renewals
Covid adaptations|31.12.21
£
264,021
6,014
1,146
665
3,289
58,658
1,401
3,858
1,090
996
2,063
2,047
23,655
8,146
7,880
-
384,929|31.12.20
£
232,954
372
1,257
449
893
49,000
1,380
1,769
359
826
3,102
1,180
11,310
4,384
5,308
5,277
319,820| |---|---|---| ## **7. SUPPORT COSTS** |**UPPORT COSTS**||||| |---|---|---|---|---| ||||Governance|| ||Finance|Other|costs|Totals| ||£|£|£|£| |Support costs|928|26,635|2,400|29,963| ## **8. NET INCOME/(EXPENDITURE)** The total fee paid to the independent examiner was £2,400 (2020- £1,483) which was for the independent examination. ## **9. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020. continued... Page 15 **Open Hands Trust (Leicester)** **Notes to the Financial Statements - continued for the Year Ended 31 December 2021** ## **10. STAFF COSTS** |Wages and salaries
Social security costs
Other pension costs|31.12.21
£
244,015
8,976
11,030
264,021|31.12.20
£
216,606
7,008
9,340
232,954| |---|---|---| The average monthly number of employees during the year was as follows: ||||31.12.21|31.12.20| |---|---|---|---|---| |Open Hands|||6|4| |Hand in Hand Pre-School|||12|12| ||||18|16| |No employees received emoluments in excess of £60,000.||||| |**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**||||| ||Unrestricted||Restricted|Total| ||fund||funds|funds| ||£||£|£| |**INCOME AND ENDOWMENTS FROM**||||| |Donations and legacies|58,807||209,330|268,137| |**Charitable activities**||||| |Hand in Hand Pre-School||-|224,901|224,901| |Open Hands|3,450||-|3,450| |Investment income||-|37|37| |**Total**|62,257||434,268|496,525| |**EXPENDITURE ON**||||| |**Charitable activities**||||| |Hand in Hand Pre-School||-|183,933|183,933| |Open Hands|29,509||106,378|135,887| |Support costs|10,793||10,695|21,488| |**Total**|40,302||301,006|341,308| ## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** continued... Page 16 **Open Hands Trust (Leicester)** **Notes to the Financial Statements - continued for the Year Ended 31 December 2021** |**11.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
fund
funds
£
£
**NET INCOME**
21,955
133,262
**Transfers between funds**
(5,000)
5,000
**Net movement in funds**
16,955
138,262
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
33,853
42,199
**TOTAL FUNDS CARRIED FORWARD**
50,808
180,461|Total
funds
£
155,217
-
155,217
76,052
231,269| |---|---| continued... Page 17 **Open Hands Trust (Leicester)** **Notes to the Financial Statements - continued for the Year Ended 31 December 2021** ## **12. ANALYSIS OF INCOME AND EXPENDITURE** |**Open Hands**
Income
Total giving including Gift Aid
Income from subsidiary
Grants
Income from charitable activities
Investment income
Expenditure
Project costs
Staff costs
Property costs
Travel & transport costs
Office costs
Professional fees & bank charges
Surplus - Open Hands
**Hand in Hand**
Income
Fee income
Fee income re Covid-19
Investment income
Expenditure
Running costs
Charitable givings
Staff costs
Travel & transport costs
Property costs
Office costs
Deficit - Hand in Hand|31.12.21
£
23,556
105,528
45,488
6,385
6,300
19,171
206,428
14,225
6,014
158,493
135
27,200
2,397
208,464|31.12.21
£
333,828
9,276
60,288
4,716
29
408,137







201,709
189,764
-
53
189,817







(18,647)|31.12.20
£






11,381
83,142
40,116
5,070
3,836
13,830
157,375





7,428
372
149,812
115
24,000
2,206
183,933
|31.12.20
£
149,577
8,786
109,774
3,450
20
271,607
114,232
199,019
25,882
17
224,918
40,985| |---|---|---|---|---| continued... Page 18 **Open Hands Trust (Leicester)** **Notes to the Financial Statements - continued for the Year Ended 31 December 2021** ## **13. TANGIBLE FIXED ASSETS** |Improvements
to
property
£
**COST**
At 1 January 2021
-
Additions
341,963
At 31 December 2021
341,963
**DEPRECIATION**
At 1 January 2021
-
Charge for year
8,416
At 31 December 2021
8,416
**NET BOOK VALUE**
At 31 December 2021
333,547
At 31 December 2020
-|Plant and
machinery
£
34,835
6,457
41,292
32,191
3,424
35,615
5,677
2,644|Fixtures
and
fittings
£
10,002
7,664
17,666
10,002
1,669
11,671
5,995
-|Motor
vehicles
£
22,661
-
22,661
22,661
-
22,661
-
-|Totals
£
67,498
356,084
423,582
64,854
13,509
78,363
345,219
2,644| |---|---|---|---|---| ## **14. FIXED ASSET INVESTMENTS** |**FIXED ASSET INVESTMENTS**|| |---|---| ||Shares in| ||group| ||undertakings| ||£| |**MARKET VALUE**|| |At 1 January 2021 and|| |31 December 2021|1| |**NET BOOK VALUE**|| |At 31 December 2021|1| |At 31 December 2020|1| There were no investment assets outside the UK. The company's investments at the balance sheet date in the share capital of companies include the following: continued... Page 19 **Open Hands Trust (Leicester)** **Notes to the Financial Statements - continued for the Year Ended 31 December 2021** ## **14. FIXED ASSET INVESTMENTS - continued** ## **Compassion in Action Leicester Limited (Company Number 10587115)** Registered office: United Kingdom Nature of business: Restaurant And Café |||%|| |---|---|---|---| ||Class of share:|holding|| ||Ordinary|100|| |||31.12.21|31.12.20| |||£|£| ||Aggregate capital and reserves|21,576|11,250| ||Profit for the year|19,602|8,928| |**15.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |||31.12.21|31.12.20| |||£|£| ||Trade debtors|-|283| ||Other debtors|4,760|769| ||Prepayments and accrued income|3,861|37,992| |||8,621|39,044| |**16.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |||31.12.21|31.12.20| |||£|£| ||Trade creditors|20,520|11,732| ||Social security and other taxes|2,679|3,174| ||Other creditors|-|2,106| ||Accruals and deferred income|41,369|1,608| |||64,568|18,620| |**17.**|**LEASING AGREEMENTS**||| ||Minimum lease payments under non-cancellable operating leases fall due as follows:||| |||31.12.21|31.12.20| |||£|£| ||Within one year|30,917|17,000| ||Between one and five years|133,667|3,000| ||In more than five years|172,708|-| |||337,292|20,000| continued... Page 20 **Open Hands Trust (Leicester)** **Notes to the Financial Statements - continued for the Year Ended 31 December 2021** ## **18. MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**|||||| |---|---|---|---|---|---| ||||Net|Transfers|| ||||movement|between|At| ||At 1.1.21||in funds|funds|31.12.21| ||£||£|£|£| |**Unrestricted funds**|||||| |General fund|50,808||(18,398)|322,291|354,701| |**Restricted funds**|||||| |Hand in Hand|67,481||(18,647)|(15,677)|33,157| |Big Lottery|1,901||1,963|(3,864)|-| |Open Hands building|75,416||238,141|(289,860)|23,697| |Affordable Food Shop|5,035||(2,346)|(2,689)|-| |Gift of a Wish|3,937||(2,837)|-|1,100| |Love Your Neighbour|25,302||(15,101)|(10,201)|-| |Western Power||750|(750)|-|-| |Asda food||639|(639)|-|-| |Asda Clothing||-|1,000|-|1,000| |VAL Safe Communities||-|676|-|676| ||180,461||201,460|(322,291)|59,630| |**TOTAL FUNDS**|231,269||183,062|-|414,331| |Net movement in funds, included in the above are||as follows:|||| ||||Incoming|Resources|Movement| ||||resources|expended|in funds| ||||£|£|£| |**Unrestricted funds**|||||| |General fund|||87,125|(105,523)|(18,398)| |**Restricted funds**|||||| |Hand in Hand|||189,817|(208,464)|(18,647)| |Big Lottery|||33,981|(32,018)|1,963| |Open Hands building|||254,185|(16,044)|238,141| |Affordable Food Shop|||-|(2,346)|(2,346)| |Gift of a Wish|||722|(3,559)|(2,837)| |Love Your Neighbour|||24,714|(39,815)|(15,101)| |Western Power|||-|(750)|(750)| |Asda food|||-|(639)|(639)| |Sainsbury Neighbourly|||500|(500)|-| |Asda Clothing|||1,000|-|1,000| |VAL Safe Communities|||4,985|(4,309)|676| |Judge Meadow|||625|(625)|-| |Cycle Challenge|||300|(300)|-| ||||510,829|(309,369)|201,460| |**TOTAL FUNDS**|||597,954|(414,892)|183,062| continued... Page 21 **Open Hands Trust (Leicester)** **Notes to the Financial Statements - continued for the Year Ended 31 December 2021** ## **18. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund
**Restricted funds**
Hand in Hand
Big Lottery
Open Hands fixed assets
Open Hands building
Affordable Food Shop
Gift of a Wish
Love Your Neighbour
Western Power
Asda food
**TOTAL FUNDS**|At 1.1.20
£
33,853
26,496
-
5,666
10,037
-
-
-
-
-
42,199
76,052|Net
movement
in funds
£
21,955
40,985
1,901
(5,666)
60,379
5,035
3,937
25,302
750
639
133,262
155,217|Transfers
between
funds
£
(5,000)
-
-
-
5,000
-
-
-
-
-
5,000
-|At
31.12.20
£
50,808
67,481
1,901
-
75,416
5,035
3,937
25,302
750
639
180,461
231,269| |---|---|---|---|---| continued... Page 22 **Open Hands Trust (Leicester) Notes to the Financial Statements - continued for the Year Ended 31 December 2021** ## **18. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Hand in Hand
Big Lottery
Open Hands fixed assets
Open Hands building
Leicestershire and Rutland
Coronavirus Support Fund
National Lottery Community Fund
Affordable Food Shop
Screwfix Grant
Asda toiletries grant
Gift of a Wish
Love Your Neighbour
Western Power
Asda food
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
62,257
(40,302)
21,955
224,918
(183,933)
40,985
33,497
(31,596)
1,901
-
(5,666)
(5,666)
61,559
(1,180)
60,379
5,277
(5,277)
-
48,005
(48,005)
-
19,249
(14,214)
5,035
3,246
(3,246)
-
500
(500)
-
7,180
(3,243)
3,937
29,187
(3,885)
25,302
750
-
750
900
(261)
639
434,268
(301,006)
133,262
496,525
(341,308)
155,217| |---|---| ## **Hand in Hand** The charity received funds to assist with the operating of the pre-school. ## **Big Lottery** The charity received funds from the National Lottery specifically to assist with supporting the compassion and support centre. ## **Open Hands Building** The charity has funds held that are specifically to assist with facilitating warehousing. ## **National Lottery Community Fund** The charity received funds from the National Lottery specifically to assist with supporting the compassion and support centre. ## **Affordable Food Shop** Grant funding to assist with the setting up of our social supermarket. ## **Gift of a Wish** Grant from the Vichai Srivaddhanaprabha Foundation for Christmas hampers and meal. ## **Love Your Neighbour (LYN)** continued... Page 23 **Open Hands Trust (Leicester) Notes to the Financial Statements - continued for the Year Ended 31 December 2021** ## **18. MOVEMENT IN FUNDS - continued** The charity received funds towards emergency meal provision, debt advice and employment support. ## **Asda Clothing** Grant from Asda for the provision of clothing. ## **Voluntary Action Leicestershire (VAL) Safe Communities** Grant from VAL to make our classrooms safer post Covid. ## **Transfer** Transfers were made from restricted funds to unrestricted funds where the expense had been incurred through the general fund. Furthermore, where funds relate to capital projects, the policy is to make a transfer to unrestricted funds once the capital spend has taken place. ## **19. RELATED PARTY DISCLOSURES** During the year £3,000 (2020: £2,353) of donations were received without conditions from trustees. Two of the trustees also serve on Trinity Life Church (Registered Charity No. 1051884) and during the year Open Hands Trust (Leicester) received £108,411 (2020 - £7,000) donation from this charity. Also during the year costs of £14,983 (2020 - £21,380) have been recharged from Trinity Life Church in relation to administration and accounts costs. Donations received in the year from the subsidiary, Compassion in Action Leicester Limited, totalled £9,276 (2020 - £8,786). The charity leases a property at an annual cost of £19,000 (2020 - £15,500) and formally sub-lets it to the subsidiary company for the same amount. Page 24 **Open Hands Trust (Leicester)** ## **Detailed Statement of Financial Activities for the Year Ended 31 December 2021** ||31.12.21|31.12.20| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Givings|317,352|143,715| |Gift aid|16,476|5,862| |Income from subsidiary|9,276|8,786| |Grants|60,288|109,774| ||403,392|268,137| |**Investment income**||| |Deposit account interest|82|37| |**Charitable activities**||| |Hand in Hand pre-school|189,764|224,901| |Open Hands|4,716|3,450| ||194,480|228,351| |**Total incoming resources**|597,954|496,525| |**EXPENDITURE**||| |**Charitable activities**||| |Staff salaries|244,015|216,606| |Social security|8,976|7,008| |Pensions|11,030|9,340| |Charitable Givings|6,014|372| |Small furniture & repairs|1,146|1,257| |Catering costs|665|449| |Crafts & resources|3,289|893| |Rent|58,658|49,000| |Insurance|1,401|1,380| |Toys & books|3,858|1,769| |Sundries|1,090|359| |Stationery, postage & telephone|996|826| |Staff expenses|2,063|3,102| |Professional fees|2,047|1,180| |Catering, consumables and sundries|23,655|11,310| |Light & heat|8,146|4,384| |Repairs & renewals|7,880|5,308| |Covid adaptations|-|5,277| ||384,929|319,820| This page does not form part of the statutory financial statements Page 25 **Open Hands Trust (Leicester)** ## **Detailed Statement of Financial Activities for the Year Ended 31 December 2021** ||31.12.21|31.12.20| |---|---|---| ||£|£| |**Support costs**||| |**Finance**||| |Bank charges|928|825| |**Other**||| |Insurance|1,871|1,663| |Postage and stationery|4,429|2,173| |Sundries|180|13| |Repairs & renewals|6,646|5,218| |Depreciation of tangible fixed assets|13,509|10,113| ||26,635|19,180| |**Governance costs**||| |Independent examination|2,400|1,483| |Total resources expended|414,892|341,308| |**Net income**|183,062|155,217| This page does not form part of the statutory financial statements Page 26