2022-12-31-accounts - Open Hands Trust (Leicester)

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		Page
Reference and administrative details
Trustees' report		2to 9
Independent Examiners'	report	10
Statement offinancial	activities
Balance sheet		12
Cash Flow Statement		13
Notes to the Cash Flow Statement		13
Notes to the Financial Statements		14 - 27
Detailed Statement of	Financial Activities	28 - 29

Open Hands is g	rateful to	hav		r	eceived support	from the f	ollowing fun	ders	an	d tr	usts this	year:
Funder							Purpose				Amount	Received
							Provisions towards			Pie		E793
Asda Foundation:	Empowering		Local Communities			Grant	Ni ht
							Food Store	Utilities				E1,000
							(extending	opening
Asda Foundation:	Cost of Living			Grant			hours
							Maintenance	and				E3,000
BtQFoundation							decorating
Clockwise Credit Union Community					Grant Scheme		Unrestricted					E250
Department for	Digital, Culture,			Media R Sport (DCMS),			Food					f21,000
facilitated by Action Homeless				and Reaching People
Love Your Neighbour: Love Christmas							Christmas Hampers					E1,200
							General Running		Costs			E1,000
MftS Gifting Grants
Maud Elkington	Charitable	Trust					Lift					E1,500
Socks and Chocs							Socks R Chocolates				Donation	in kind: 500
											pairs of socks and 125
											boxes of	chocolates
Socks and Chocs							Socks and Underwear				Donation	in Kind: to
											the value of E300
The Hearth Foundation							Unrestricted					E5,000
The Helen Jean	Cope Charity						Pie Night Utilities					E1,000
The National Lottery Community					Fund: Awards for All		2023 Mentoring		Pilot			E9,978
							Year 4of 5	multi-year				E17,500
							grant for the
The National Lottery Community					Fund: Reaching	Communities	Furniture pro ect

						Total	Total
		Note	Unrestricted		Restricted	Funds	Funds
				Funds	Funds	31.12.22	31.12.21
Income and endowments		from		E	E	E	E
Donations and legacies				168,062	63,436	231,498	403,392
Charitable activities
Hand in Hand Pre-School					182,739	182,739	189,764
Open Hands				7,405		7,405	4,716
Investment income					147	147	82
Total income and endowments				175,467	246,322	421,789	597,954
EXPENDITURE ON
Charitable activities:
Hand in Hand Pre-School					191,530	191,530	208,328
Open Hands				139,676	53,753	193,429	176,601
Support Costs				55,204		55,204	29,963
Total expenditure				194,880	245,283	440,163	414,892
NET INCOME/(EXPENDITURE)				(19,413)	1,039	(18,374)	183,062
Transfers between funds		19		356	(356)
Net movement between	funds			(19,057)	683	(18,374)	183,062
Reconciliation offunds
Total funds brought forward				354,701	59,630	414,331	231,269
Total funds carried forward				335,644	60,313	395,957	414,331
CONTINUING OPERATIONS
All income and expenditure		has arisen from continuing		activities.

			Open Hands Trust (Leicester)	Open Hands Trust (Leicester)	Open Hands Trust (Leicester)	Open Hands Trust (Leicester)	Open Hands Trust (Leicester)
			STATEMENT OF CASH FLOWS
		FOR THE YEAR			ENDED 31	DECEMBER 2022
								Year	Year
								ended	ended
								31.12.22	31.12.21
							Note	E	E
Cash flow from operating		activities
Cash generated from	operations							3,896	272,860
Net cash provided by operating			activities					3,896	272,860
Cash flow from investing		activities
Purchase of tangible	fixed	assets						(11,273)	(356,084)
Interest received								147	82
Net cash (used in)/provided by investing activities								(11,126)	(356,002)
Change in cash and	cash	equivalents		in the	reporting	period		(7,230)	(83,142)
Cash and cash equivalents		at	the beginning		ofthe reporting		period	125,058	208,200
Net cash flow from	financing		activities					117,828	125,058
1 RECONCILIATION OF NET INCOME TO NET						CASH	FLOW FROM OPERATING		ACTIVITIES
Net income for the	reporting		period (as per the Statement				ofFinandal	Activities) 31.12.22	31.12.21
Net increase/(decrease)		fn cash and cash equivalents						(18,374)	183,062
Adjustments for:
Depreciation charges								38,754	13,509
Interest received								(147)	(82)
Decrease/(increase)	in debtors							(2,336)	30,423
Increase/(decrease)	in creditors							(14,001)	45,948
Net cash provided	by operations							3&896
2 ANALYSIS OF CHANGES				IN NET	FUNDS
						At	1.1.22	Cash flow	At 31.12.22
Net cash
Cash at bank and in	hand						125,058	(7,230)	117,828
Total							125,tl58	{»r )	117828

DONATIONS AND LEGACIES
	Year ended	Year ended
	31.12.22	31.12.21
Givings	116,449	317,352
Gift aid	4,926	16,476
Legacies	20,000
Income from subsidiary	27,132	9,276
Grant income	62,991	60,288
		9

			Year ended	Year ended
			31.12.22	31.12.21
Deposit	account	interest	147	82

		Year ended	Year ended
		31.12.22	31.12.21
Hand	in Hand Pre-School	182,739	189,764
Open	Hands	7,405	4,716
		190,144	194,480

5	CHARITABLE A	CTIVITIE	S COSTS
					Support
				Direct Costs	Costs
				(see note 6)	(see note 7)	Totals
				E	E
	Hand in Hand Pre-School			191,530		191,530
	Open Hands			193,429		193,429
	Support costs				55,204	55,204
				384,959	55,301	440 163
6	DIRECT COSTS	OF CHARITABLE ACTIVITIES
					Year ended	Year ended
					31.12.22	31.12.21
					6	E
	Staff costs				274,048	264,021
	Charitable givings				288	6,014
	Small furniture	and repairs			775	1,146
	Catering costs				892	665
	Crafts and resources				1,246	3,289
	Rent				60,217	58,658
	Insurance				1,442	1,401
	Toys and books				1,082	3,858
	Sundries				790	1,090
	Stationery, postage and		telephone		1,103	996
	Staff expenses				1,071	2,063
	Professional fees					2,047
	Catering, consumables		and sundries		23,148	23,655
	Light and heat				14,263	8,146
	Repairs and renewals				4,595	7,880
					384,959	384,929
7	SUPPORT COSTS
						Governance
				Finance	Other	Costs	Totals
				E	E	E	E
	Support Costs			1,275	51,289	2,640	55,204

		Year	Year
10	Staff costs	ended	ended
		31.12.22	31.12.21
		E	8
	Salaries and wages	252,605	244,015
	Social security costs	10,600	8,976
	Pension costs	10,843	11,030
		274,048	264,021

		31.12.22	31.12.21
		Number	Number
Open	Hands	6	6
Hand	in Hand Preschool	13	12
			ss

11	Comparatives for	th	e	st	atem	ent of f	inancial activiti	es
								Unrestricted	Restricted
								Funds	Funds	Total Funds
								E	8	E
	INCOME AND ENDOWMENTS					FROM
	Donations and legacies							82,409	320,983	403,392
	Charitable activities
	Hand in Hand Preschool								189,764	189,764
	Open Hands							4,716		4,716
	Investment income								82	82
	Total							87,125	510,829	597,954
	EXPENDITURE ON
	Charitable activities
	Hand in Hand Pre-School								208,328	208,328
	Open Hands							93,796	82,805	176,601
	Support Costs							11,727	18,236	29,963
	Total								309,369	414
	NET INCOME/(EXPENDITURE)							(18,398)	201,460	183,062
	Transfers between		funds					322,291	(322,291)
	Net movement in	funds						303,893	(120,831)	183,062
	RECONCILIATION OF FUNDS
	Total funds brought		forward					50,808	180,461	231,269
	TOTAL FUNDS CARRIED				FORWARD			354,701	59,630	414,331
12	ANALYSIS OF INCOME			AND EXPENDITURE
							31.12.22	31.12.22	31.12.21	31.12.21
							6	E	E	E
	Open Hands
	Income
	Total giving including			Gift Aid				141,375		333,828
	Income from subsidiary							27,132		9,276
	Grants							62,991		60,288
	Income from Charitable				activities			7,405		4,716
	Investment income							36		29
								238,939		408,137
	E)gmn~du~
	Project costs						23,148		23,556
	Staff costs						120,007		105,528
	Property costs						50,493		45,488
	Travel &transport	costs					5,868		6,385
	Office Costs						4,221		6,300
	Depreciation						38,754		13,509
	Professional fees 8 bank				charges		6,142		5,662
							248,633		206,428
	(Deficit)/Surplus -	Open			Hands			(9,694)

Hand in Hand Preschool	Hand in Hand Preschool	Hand in Hand Preschool
Incoine
Fee income				182,739		189,764
Investment	income			111		53
				182,850		189,817
~Ex enditure
Running costs			4,785		14,225
Charitable	Givings		288		6,014
Staff costs			154,989		158,493
Travel and	transport	costs	123		135
Property costs			28,800		27,200
Office costs			2,545		2,397
			191,530		208,464
Deficit - Hand in Hand				(8,680)		(18,647)

Tangible fixed assets
				Fixtures
	Improvements	Plant	and	and	Motor
	to property	machinery		fittings	vehicles	Total
	E	E		E	E	E
Cost
At 1st January 2022	341,963	41,292		17,666	22,661	423,582
Additions	8,520		259	2,494		11,273
Disposals
At 31st December 2022	350,483	41,551		20&160	22,661	434,855
Depreciation
At 1stJanuary 2022	8,416	35,615		11,671	22,661	78,363
Charge for the year	34,905	1,621		2&228		38,754
At 31stDecember 2022	43,321	37,236		13,899	22,661	117,117
Net book value
At 31stDecember 2022	307,162	4,315		6,261		317,738
At 31st December 2021	333,547	5,677		5,995		345,219
FIXED ASSET INVESTMENTS						Shares in
						group
						undertakings
MARKET VALUE						E
At 1 January 2022 and 31 December 2022						1
NET BOOK VALUE
At 31 December 2022
At 31 December 2021

Class of share:	Class of share:	Holding
Ordinary		100
Aggregate	capital and reserves
Profit for	the year

31.12.22	31.12.21
3,837	21,576
9,393	19,602

15	Debtors		FOR THE YE	AR ENDED 31 DECEM	BER 2022
					31.12.22	31.12.21
					E	E
	Due within one year:
	Trade debtors				1,681
	Other debtors				696	4,760
	Prepayments and accrued income				8,580	3,861
					10,957	8,621
16	Creditors: amounts	falling due within		one year
					31.12.22	31.12.21
					E	E
	Trade creditors				8,770	20,520
	Social security and other taxes				3&087	2,679
	Other creditors				1,215
	Accruals and deferred		income		37&495	41,369
					50,567	64,568

Minimum lease payments under non-cancellable o	perating leases fall due as follows:
	31.12.22	31.12.21
	E	E
Within one year	52,437	30&917
Between one and five years	176,867	133,667
In more than five years	136,792	172,708
	366.696	337,292

		General	Restricted	Total Funds	Total Funds
		Funds	Funds	31.12.22	31.12.21
			E	E	6
Fixed Assets		317,739	0	317,739	345,220
Current	Assets	33,617	95,168	128,785	133,679
Current	Liabilities	(15,712) ~696	(34,855) ~66,31	(50,567) ~KV37	(64,568)

MOVEMENT IN FUNDS
					Net	Transfers
					, movement	between
				At 1.1.22	in funds	funds	At 31.12.22
				E	E	E	f.
Unrestricted funds
General				354,70i	(19,413)	356	335,644
Restricted funds
Hand in Hand Preschool				33,157	(8,680)		24,477
The National Lottery Community			Fund		807		807
Open Hands Building Project				23,697	(8,007)		15,690
The Vichai Srivaddhanaprabha		Foundation		1,100	(1,100)
Asda Foundation (Clothing)				1,000	(1,000)
Asda Foundation: Cost of Living			Grant		400
M&5 Gifting Grants
TNLCF: Awards for All					9,474		9,474
Maud Elkington Charitable	Trust				1,500		1,500
DCMS
DCMS (Dec. Top Up)					3,883		3,883
88(2Foundation					2,750		2,750
LCC Covid-Safe Communities		Fund		676	(588)		88
Crowdfunder for 6 Degrees					356	(356)
LCC Sustainable Travel Grant					1,244		1,244
				59,630	1,039	(356)	60,313
TOTAL FUNDS				414,331	(18 374)		395,957
Net movement in funds, included			in the above, are as		follows:
					Incoming	Resources	Movement in
					Resources	expended	funds
					E	E	E
Unrestricted funds
Generalfund					175,467	(194,880)	(19,413)
Restricted funds
Hand in Hand Preschool					182,850	(191,530)	(&,680)
The National Lottery Community			Fund		17,500	(16,693)	807
Open Hands Building Project					513	(8,520)	(8,D07)
The Vichai Srlvaddhanaprabha		Foundation				(1,100)	(1,100)
Asda Foundation (Clothing)						(1,000)	(1,000)
Asda Foundation: Cost of Living			Grant		1,00D	(600)	400
MRS Gifting Grants					1,000	(1,000)
TNLCF: Awards for All					9,978	(504)	9&474
Maud Elkington Charitable	Trust				1,500		1,500
DCMS					7,000	(7,000)
DCMS (Dec. Top Up)					4,000	(117)	3,883
DCMS (Action Homeless)					10,000	(10,000)
BRQFoundation					3,000	(250)	2,750
LCC Covid-Safe Communities		Fund				(588)	(588)
The Helen Jean Cope Charity					1,000	(1,000)

Love Your Neighbour:	Love Your Neighbour:	Love Christmas			1,200	(1,200)
Asda Foundation:	Empowering	Local	Communities	Grant	793	(793)
LCC Sustainable Travel Grant Crowdfunder for 6 Degrees The Mead Educationai Trust					1,244 1,250 2,494 246,322	(894) (2,494) ~/245. 2	1,244 356 ~9
TOTAL FUNDS					421,789	(440,162)	(18,374)
Comparatives for movement		in funds
					Net	Transfers
					movement	between
			At 1.1.21		in funds	funds	At 31.12.21
					E	E
Unrestricted Funds
General				50,808	(18,398)	322,291	354,701
Restricted Funds
Hand in Hand				67,481	(18,647)	(15,677)	33,157
National Lottery	Community	Fund		1,901	1,963	(3,864)	0
Open Hands Building				75,416	238,141	(289,860)	23,697
Affordable Food	Shop			5,035	(2,346)	(2,689)	0
Gift of a Wish				3,937	(2,837)	0	1,100
Love Your Neighbour				25,302	(15,101)	(10,201)	0
Western Power				750	(750)	0	0
Asda food				639	(639)	0	0
Asda clothing				0	1,000	0	1,000
VAL Safer communities				0	676	0	676
				180,461	201,460	(322,291)	59,630
TOTAL FUNDS				231,269	183,062	0	414,331

19.MOVEMENT IN FUNDS -	continued
Comparative net movement	in funds,	included	in the above are as follows:
			Incoming	Resourses	Movement in
			resourses	expended	funds
			E	E	E
Unrestricted funds
General fund			87,125	(105,523)	(18,398)
Restricted funds
Hand in Hand			189,817	(208,464)	(18,647)
National Lottery Community	Fund		33,981	(32,018)	1,963
Open Hands building			254,185	(16,044)	238,141
Affordable Food Shop			0	(2,346)	(2,346)
Gift of a Wish			722	(3,559)	(2,837)
Love Your Neighbour			24,714	(39,815)	(15,101)
Western Power			0	(750)	(750)
Asda food			0	(639)	(639)
Sainsury Neighbourly			500	(500)	0
Asda clothing			1,000	0	1,000
VAL Safe communities			4,985	(4,309)	676
Judge Meadow Cycle Challenge			625 300	(625) (300)	0 0
			0, 29	09,369)
TOTAL FUNDS			597,954	(414,892)	183,062

			31.12.22	31.12.21
			E	E
Donations and	legacies
Giving			116,449	317,352
Gift Aid			4,926	16,476
Legacy			20,000	0
Income from subsidiary			27,132	9,276
Grants			62,991	60,288
			231,498	403,392
Investment income
Deposit account	interest		147	82
Charitable activities
Hand in Hand pre-school			182,739	189,764
Open Hands			7,405	4,716
			190,144	194,480
Total incoming	resources		421,789	597,954
EXPENDITURE
Charitable activities
Staff salaries			252,305	244,015
Social security			10,600	8,976
Pensions			10,843	11,030
Charitable givings			288	6,014
Small furniture	and repairs		775	1,146
Catering costs			892	665
Craft and resources			1,246	3,289
Rent			60,217	58,658
Insurance			1,442	1,401
Toys ft books			1,082	3,858
Sundries			790	1,090
Stationery, postage ft telephone			1,033	996
Staff expenses			1,370	2,063
Professional fees			70	2,047
Catering, consumables		and sundries	23,148	23,655
Light fr heat			14,263	8,146
Repairs 8 renewals			4,595	7,880
			384,959	384,929
Support Costs
Finance
Bank charges			1,275	928

Insurance			2,213	1,871
Postage ft stationery			4,221	4,429
Sundries			13	180
Repairs and	renewals		6,087	6,646
Depreciation	of tangible	fixed assets	38,754	13,509
			51,289	26,635
Governance	Costs
Independent	examination		2,640	2,400
Total resources expended			440,163	414,892
Net income			(18,374)	183,062